---
schema_version: "secwatch.filing_event.v1"
accession: "0000318833-22-000101"
form_type: "8-K"
ticker: "TISI"
cik: "0000318833"
company_name: "TEAM INC"
filed_at: "2022-11-09T23:59:59+00:00"
generated_at: "2026-06-22T02:15:02.580085+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000318833-22-000101
- form_type: 8-K
- ticker: TISI
- cik: 0000318833
- company_name: TEAM INC
- filed_at: 2022-11-09T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/318833/000031883322000101/0000318833-22-000101-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/318833/000031883322000101/formreconvenedspecialmeeti.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000318833-22-000101
- JSON: https://secwatch.observer/filing/0000318833-22-000101.json
- Plain text: https://secwatch.observer/filing/0000318833-22-000101.txt

## Key facts
- Shareholder Votes
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/318833/000031883322000101/0000318833-22-000101-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.