{"schema_version":"secwatch.filing_event.v1","accession":"0000318833-22-000136","form_type":"8-K","ticker":"TISI","cik":"0000318833","company_name":"TEAM INC","filed_at":"2022-12-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:53.149172+00:00","generated_at":"2026-06-21T00:24:32.463291+00:00","sec_items":["3.03","5.03","7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Team, Inc. completes 1-for-10 reverse stock split, reduces authorized shares to 12M","bullets":["Effective 5:00 p.m. ET Dec 21, 2022; shares begin trading split-adjusted on NYSE Dec 22 under same ticker TISI with new CUSIP 878155 308.","Outstanding shares reduced from ~43.4M to ~4.34M; authorized shares reduced from 120M to 12M.","Fractional shares eliminated; cash payment based on aggregate sale by transfer agent Computershare, not closing price (correction issued Dec 22).","Conversion rate on 5.00% Convertible Senior Notes due 2023 adjusted from 46.0829 to 4.6083 shares per $1,000 principal.","Proportionate adjustments made to warrants, equity awards, and convertible securities."],"urls":{"canonical":"https://secwatch.observer/filing/0000318833-22-000136","json":"https://secwatch.observer/filing/0000318833-22-000136.json","markdown":"https://secwatch.observer/filing/0000318833-22-000136.md","text":"https://secwatch.observer/filing/0000318833-22-000136.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/318833/000031883322000136/0000318833-22-000136-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/318833/000031883322000136/tisi-20221221.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T00:24:32.463291+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}