secwatch.observer — SEC 8-K summary
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Issuer:     TEAM INC (TISI)
CIK:        0000318833
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0000318833-22-000101
Event type: other_material
Sentiment:  neutral
Materiality: 0.15
Item codes: 5.07
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/318833/000031883322000101/0000318833-22-000101-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/318833/000031883322000101/formreconvenedspecialmeeti.htm
  HTML page:      https://secwatch.observer/filing/0000318833-22-000101

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