Team Inc. shareholders approve charter amendment removing cause definition for director removal

TEAM INC

Shareholders approved charter amendment deleting specific cause definition for director removal: 2,246,502 For, 21,462 Against.
Amendment removes language requiring felony conviction or gross negligence adjudication for cause-based removal.
J. Michael Anderson and Jeffery G. Davis re-elected as Class III directors with ~2.21M votes each.
Advisory say-on-pay proposal approved with 2,253,425 For, 14,007 Against.
Ratification of KPMG as independent auditor for FY2025 approved with 3,180,197 For.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

TEAM INC: Deleted language specifying conditions for cause in director removal from Article VII, Section 5 of the charter (effective 2025-06-18).

Change: charter amendment
Effective: 2025-06-18

Exact text from the filing

The Charter Amendment deleted language previously in Article VII, Section 5 of the Company’s Amended and Restated Certificate of Incorporation that specified when cause is deemed to exist in connection with the removal of directors.

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11 governance changes filed in the last 30 days. Browse all governance changes →

TEAM INC filing history →

Source: SEC EDGAR

accession 0000318833-25-000049

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