Team Inc. shareholders approve doubling authorized common shares to 120M

TEAM INC

Shareholders voted 29.34M for, 1.73M against, 98K abstentions on amendment to increase authorized common shares from 60M to 120M.
Approval required two-thirds of outstanding shares; 67.88% of outstanding shares voted in favor, exceeding the threshold.
Special meeting was reconvened on Nov 8, 2022 after initial Nov 2 adjournment to allow more time for voting.
Record date for voting was Sept 12, 2022; 72.10% of outstanding shares were represented at the meeting.

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 Amendment to Amended and Restated Certificate of Incorporation to increase authorized shares of Common Stock from 60,000,000 to 120,000,000 at the 2022-11-08 meeting.

Proposal: charter amendment
Outcome: passed
Meeting: 2022-11-08

Exact text from the filing

The Company’s shareholders approved an amendment to the Company’s Amended and Restated Certificate of Incorporation to effect an increase in the total number of authorized shares Common Stock from 60,000,000 shares to 120,000,000 shares of Common Stock , by the following vote: Votes For Votes Against Abstentions 29,340,591 1,726,471 98,152

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

TEAM INC filing history →

Source: SEC EDGAR

accession 0000318833-22-000101

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