secwatch.observer — SEC 8-K summary
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Issuer:     TEAM INC (TISI)
CIK:        0000318833
Form:       8-K
Filed at:   2025-06-20T23:59:59+00:00
Accession:  0000318833-25-000049
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 3.03, 5.07, 5.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/318833/000031883325000049/0000318833-25-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/318833/000031883325000049/tisi-20250618.htm
  HTML page:      https://secwatch.observer/filing/0000318833-25-000049

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer