Team, Inc. announces one-for-ten reverse stock split effective Dec 21, 2022

TEAM INC

Reverse stock split at 1:10 ratio; effective 5:00 p.m. ET on Dec 21, 2022.
Every 10 pre-split shares become 1 share; authorized shares proportionally reduced.
No fractional shares issued; holders receive cash based on Dec 21 closing price.
Stock continues trading on NYSE under symbol 'TISI' with new CUSIP number.
Shareholders who hold via brokers need not take action; certificated holders get letter from Computershare.

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