---
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"
generated_at: "2026-05-19T02:05:52.110170+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 3.03, 5.07, 5.03
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000318833-25-000049
- JSON: https://secwatch.observer/filing/0000318833-25-000049.json
- Plain text: https://secwatch.observer/filing/0000318833-25-000049.txt

## Key facts
- Governance Changes
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/318833/000031883325000049/0000318833-25-000049-index.htm

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