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8-K filed November 3, 2022, 7:59 PM ET ticker TISI CIK 0000318833
other material confidence high sentiment neutral materiality 0.50

TEAM Inc. special meeting adjourned; authorized share increase vote falls short of two-thirds threshold

TEAM INC

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

TEAM INC shareholders approved Adjournment Proposal at the 2022-11-02 meeting.

Outcome
passed
Meeting
2022-11-02
Exact text from the filing
Proposal Four: Adjournment Proposal The Company’s shareholders approved an adjournment of the Special Meeting, if necessary or appropriate, to solicit additional proxies if there are insufficient votes to approve Proposal One, Proposal Two or Proposal Three at the time of the Special Meeting, by the following vote: Votes For Votes Against Abstentions Broker Non-Vote 21,742,260 1,938,093 79,556 6,547,689
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

TEAM INC shareholders rejected Exculpation provision proposal at the 2022-11-02 meeting.

Proposal
charter amendment
Outcome
failed
Meeting
2022-11-02
Exact text from the filing
Proposal Three: Exculpation provision proposal The Company’s shareholders failed to approve an amendment to the Company’s Amended and Restated Certificate of Incorporation to update the exculpation provision, by the following vote: Votes For Votes Against Abstentions Broker Non-Vote 22,081,328 1,618,829 59,752 6,547,689
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

TEAM INC shareholders approved Reverse stock split and authorized share decrease proposal at the 2022-11-02 meeting.

Proposal
reverse split
Outcome
passed
Meeting
2022-11-02
Exact text from the filing
Proposal Two: Reverse stock split and authorized share decrease proposal The Company’s shareholders approved an amendment to the Company’s Amended and Restated Certificate of Incorporation to effect, at the discretion of the Company’s Board of Directors, a reverse stock split of the issued and outstanding shares of Common Stock, which would combine a whole number of outstanding shares of the Common Stock in a range of not less than one-for-six (1:6) shares and not more than one-for-ten (1:10) shares, into one share of Common Stock, and reduce the number of outstanding shares of Common Stock and a corresponding reduction in the total number of authorized shares of Common Stock in proportion to the reduction of the issued shares, by the following vote: Votes For Votes Against Abstentions 28,860,432 1,321,009 126,157
View on SEC.gov

46 shareholder votes filed in the last 30 days. Browse all shareholder votes →

TEAM INC filing history →

Source: SEC EDGAR
accession 0000318833-22-000093
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