secwatch.observer — SEC 8-K summary
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Issuer:     TEAM INC (TISI)
CIK:        0000318833
Form:       8-K
Filed at:   2024-04-08T23:59:59+00:00
Accession:  0000318833-24-000026
Event type: leadership
Sentiment:  positive
Materiality: 0.50
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Team, Inc. appoints Pamela J. McGinnis to Board, increases board size to seven
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- Pamela J. McGinnis appointed as Class II director effective April 3, 2024; term expires at 2024 annual meeting.
- McGinnis brings over 30 years of executive experience at Phillips 66; appointed to Compensation Committee.
- Board size increased from six to seven directors; McGinnis deemed independent under NYSE rules.
- CFO Nelson Haight's severance modified: base salary continuation from 12 to 15 months; change-in-control payment from 24 to 30 months.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/318833/000031883324000026/0000318833-24-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/318833/000031883324000026/tisi-20240403.htm
  HTML page:      https://secwatch.observer/filing/0000318833-24-000026

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