---
schema_version: "secwatch.filing_event.v1"
accession: "0000318833-22-000130"
form_type: "8-K/A"
ticker: "TISI"
cik: "0000318833"
company_name: "TEAM INC"
filed_at: "2022-12-22T23:59:59+00:00"
generated_at: "2026-06-21T00:24:14.265453+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Team, Inc. corrects fractional share cash-out method for reverse stock split

## Summary
- Prior press releases incorrectly stated fractional cash would use Dec 21 closing price.
- Corrected method: cash from aggregated sale of fractional shares by transfer agent.
- No other changes to the previously announced one-for-ten reverse stock split.
- Reverse stock split effective Dec 21, 2022; shares trade on NYSE as TISI.
- Correction filed Dec 22, 2022 as 8-K/A with press release as Exhibit 99.1.

## SEC filing metadata
- accession: 0000318833-22-000130
- form_type: 8-K/A
- ticker: TISI
- cik: 0000318833
- company_name: TEAM INC
- filed_at: 2022-12-22T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 3.03, 7.01, 9.01, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/318833/000031883322000130/0000318833-22-000130-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/318833/000031883322000130/tisi-20221209.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000318833-22-000130
- JSON: https://secwatch.observer/filing/0000318833-22-000130.json
- Plain text: https://secwatch.observer/filing/0000318833-22-000130.txt

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