---
schema_version: "secwatch.filing_event.v1"
accession: "0000318833-23-000033"
form_type: "8-K"
ticker: "TISI"
cik: "0000318833"
company_name: "TEAM INC"
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T17:58:57.714748+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Team Inc. appoints Michael J. Caliel as Executive Chairman, creates Lead Independent Director role

## Summary
- Michael J. Caliel, previously non-executive Chairman, named Executive Chairman effective Nov 6, 2023, focusing on long-term strategy.
- Anthony R. Horton appointed Lead Independent Director and replaces Caliel as chair of Executive Committee and Governance Committee.
- CEO Keith Tucker remains, with new compensation: $750k base salary, 100% target bonus, and $2.25M LTI grant (RSU and performance RSU).
- Caliel will continue on Executive Committee; Ted Stenger replaces Caliel on Compensation Committee.
- No family relationships or related-party transactions reported between Tucker and any director or officer.

## SEC filing metadata
- accession: 0000318833-23-000033
- form_type: 8-K
- ticker: TISI
- cik: 0000318833
- company_name: TEAM INC
- filed_at: 2023-11-07T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/318833/000031883323000033/0000318833-23-000033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/318833/000031883323000033/tisi-20231106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000318833-23-000033
- JSON: https://secwatch.observer/filing/0000318833-23-000033.json
- Plain text: https://secwatch.observer/filing/0000318833-23-000033.txt

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