---
schema_version: "secwatch.filing_event.v1"
accession: "0000318833-22-000118"
form_type: "8-K"
ticker: "TISI"
cik: "0000318833"
company_name: "TEAM INC"
filed_at: "2022-12-09T23:59:59+00:00"
generated_at: "2026-06-21T07:02:17.835763+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000318833-22-000118
- form_type: 8-K
- ticker: TISI
- cik: 0000318833
- company_name: TEAM INC
- filed_at: 2022-12-09T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.03, 7.01, 9.01, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/318833/000031883322000118/0000318833-22-000118-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/318833/000031883322000118/tisi-20221209.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000318833-22-000118
- JSON: https://secwatch.observer/filing/0000318833-22-000118.json
- Plain text: https://secwatch.observer/filing/0000318833-22-000118.txt

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