{"schema_version":"secwatch.filing_event.v1","accession":"0000318833-25-000049","form_type":"8-K","ticker":"TISI","cik":"0000318833","company_name":"TEAM INC","filed_at":"2025-06-20T23:59:59+00:00","discovered_at":"2026-05-14T18:02:50.928672+00:00","generated_at":"2026-05-19T02:05:52.110170+00:00","sec_items":["3.03","5.07","5.03"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"confidence":"high","headline":"Team Inc. shareholders approve charter amendment removing cause definition for director removal","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000318833-25-000049","json":"https://secwatch.observer/filing/0000318833-25-000049.json","markdown":"https://secwatch.observer/filing/0000318833-25-000049.md","text":"https://secwatch.observer/filing/0000318833-25-000049.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/318833/000031883325000049/0000318833-25-000049-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/318833/000031883325000049/tisi-20250618.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T02:05:52.110170+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":[{"claim_id":"c88293e10e00fc10ad72bae9af872d602b2002b2","claim":"TEAM INC: Deleted language specifying conditions for cause in director removal from Article VII, Section 5 of the charter (effective 2025-06-18).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/318833/000031883325000049/0000318833-25-000049-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2025-06-18"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}