---
schema_version: "secwatch.filing_event.v1"
accession: "0000318833-23-000020"
form_type: "8-K"
ticker: "TISI"
cik: "0000318833"
company_name: "TEAM INC"
filed_at: "2023-05-16T23:59:59+00:00"
generated_at: "2026-06-15T00:10:09.829091+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.15
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# Team Inc. shareholders re-elect two Class I directors and approve all proposals at 2023 Annual Meeting

## Summary
- Director nominees Anthony R. Horton and Evan S. Lederman re-elected with ~2.1M votes for each.
- Advisory vote on named executive officer compensation approved: 2,019,276 for, 126,522 against.
- Say-on-pay frequency set to every 1 year (2,121,362 votes for 1-year option).
- Ratification of KPMG LLP as independent auditor for FY 2023 passed: 2,950,823 for, 9,785 against.

## SEC filing metadata
- accession: 0000318833-23-000020
- form_type: 8-K
- ticker: TISI
- cik: 0000318833
- company_name: TEAM INC
- filed_at: 2023-05-16T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.15
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/318833/000031883323000020/0000318833-23-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/318833/000031883323000020/tisi-20230511.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000318833-23-000020
- JSON: https://secwatch.observer/filing/0000318833-23-000020.json
- Plain text: https://secwatch.observer/filing/0000318833-23-000020.txt

## Key facts
- Shareholder Votes
  TEAM INC shareholders approved Advisory Vote on Say-on-Pay Frequency at the 2023-05-11 meeting.
  - Proposal: say on pay frequency
  - Outcome: passed
  - Meeting: 2023-05-11
  source text: Proposal Three: Advisory Vote on Say-on-Pay Frequency The Company’s shareholders voted for the frequency of the advisory approval of the compensation of our named executives to be every one year. In accordance with the Board’s recommendation and in light of such vote, the Company determined that the advisory vote to approve the compensation of our named executive officers will be held every one year until the next required vote on the frequency of the advisory approval of the compensation of our named executives. 1 Year 2 Year 3 Year Abstentions Broker Non-Vote 2,121,362 11,269 8,877 5,975 851,191
  evidence_url: https://www.sec.gov/Archives/edgar/data/318833/000031883323000020/0000318833-23-000020-index.htm
- Shareholder Votes
  TEAM INC shareholders approved Ratification of the Appointment of KPMG LLP as the Company’s Independent Registered Public Accounting Firm for the Fiscal Year ending December 31, 2023 at the 2023-05-11 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-05-11
  source text: Proposal Four: Ratification of the Appointment of KPMG LLP as the Company’s Independent Registered Public Accounting Firm for the Fiscal Year ending December 31, 2023 The Company’s shareholders ratified the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023. Votes For Votes Against Abstentions 2,950,823 9,785 38,066
  evidence_url: https://www.sec.gov/Archives/edgar/data/318833/000031883323000020/0000318833-23-000020-index.htm
- Shareholder Votes
  TEAM INC shareholders approved Advisory Vote on Named Executive Officer Compensation at the 2023-05-11 meeting.
  - Proposal: say on pay
  - Outcome: passed
  - Meeting: 2023-05-11
  source text: Proposal Two: Advisory Vote on Named Executive Officer Compensation The Company’s shareholders approved, on an advisory basis, named executive officer compensation for fiscal year 2023. Votes For Votes Against Abstentions Broker Non-Vote 2,019,276 126,522 1,685 851,191
  evidence_url: https://www.sec.gov/Archives/edgar/data/318833/000031883323000020/0000318833-23-000020-index.htm
- Shareholder Votes
  TEAM INC shareholders approved Election of Directors at the 2023-05-11 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-05-11
  source text: Proposal One: Election of Directors The Company’s shareholders elected two Class I directors to the Board of Directors of the Company (the “Board”) to each serve for a three-year term expiring at the 2026 Annual Meeting of Shareholders or until their successors are duly elected and qualified Nominee Votes For Withheld Broker Non-Vote Anthony R. Horton 2,076,757 70,726 851,191 Evan S. Lederman 2,068,294 79,189 851,191
  evidence_url: https://www.sec.gov/Archives/edgar/data/318833/000031883323000020/0000318833-23-000020-index.htm

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