---
schema_version: "secwatch.filing_event.v1"
accession: "0000318833-26-000032"
form_type: "8-K"
ticker: "TISI"
cik: "0000318833"
company_name: "TEAM INC"
filed_at: "2026-05-20T20:22:04+00:00"
generated_at: "2026-05-20T20:28:55.380742+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Team Inc. shareholders approve 250,000 share increase in equity plan and Stellex warrant issuance at annual meeting

## Summary
- Re-elected three Class I directors (Horton, Lederman, Ytterdahl) with over 2.2M votes each.
- Approved advisory say-on-pay for fiscal 2026 (2,246,468 for, 6,521 against).
- Ratified KPMG as independent auditor for fiscal 2026 (2,867,656 for).
- Approved Stellex warrant shares issuance per NYSE Rule 312.03(c) (2,276,017 for).
- Approved Amendment No.1 to 2018 Equity Incentive Plan adding 250,000 shares (2,290,371 for).

## SEC filing metadata
- accession: 0000318833-26-000032
- form_type: 8-K
- ticker: TISI
- cik: 0000318833
- company_name: TEAM INC
- filed_at: 2026-05-20T20:22:04+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/318833/000031883326000032/0000318833-26-000032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/318833/000031883326000032/tisi-20260520.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000318833-26-000032
- JSON: https://secwatch.observer/filing/0000318833-26-000032.json
- Plain text: https://secwatch.observer/filing/0000318833-26-000032.txt

## Key facts
- Shareholder Votes
  TEAM INC shareholders approved Advisory Vote on Named Executive Officer Compensation at the 2026-05-20 meeting.
  - Proposal: say on pay
  - Outcome: passed
  - Meeting: 2026-05-20
  source text: The Company’s shareholders approved, on an advisory basis, named executive officer compensation for fiscal year 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/318833/000031883326000032/0000318833-26-000032-index.htm
- Shareholder Votes
  TEAM INC shareholders approved Stellex Warrant Shares Issuance Proposal Pursuant to NYSE Listing Rule 312.03(c) at the 2026-05-20 meeting.
  - Outcome: passed
  - Meeting: 2026-05-20
  source text: The Company’s shareholders approved the issuance of the shares of common stock, par value $0.30 per share, underlying the Warrants (as defined in the Proxy Statement) in accordance with the terms thereof, including, as applicable, below the Minimum Price to and including the Adjustment Floor (each, as defined in the Proxy Statement).
  evidence_url: https://www.sec.gov/Archives/edgar/data/318833/000031883326000032/0000318833-26-000032-index.htm
- Shareholder Votes
  TEAM INC shareholders approved Election of Directors at the 2026-05-20 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2026-05-20
  source text: The Company’s shareholders elected three Class I directors to the Board of Directors of the Company to each serve for a three-year term expiring at the 2029 Annual Meeting of Shareholders or until their successors are duly elected and qualified.
  evidence_url: https://www.sec.gov/Archives/edgar/data/318833/000031883326000032/0000318833-26-000032-index.htm
- Shareholder Votes
  TEAM INC shareholders approved Approval of Amendment No.1 to the Second Amendment and Restatement of the Team, Inc. 2018 Equity Incentive Plan at the 2026-05-20 meeting.
  - Proposal: equity plan
  - Outcome: passed
  - Meeting: 2026-05-20
  source text: The Company’s shareholders approved Amendment No.1 to the Second Amendment and Restatement of the Team, Inc. 2018 Equity Incentive Plan.
  evidence_url: https://www.sec.gov/Archives/edgar/data/318833/000031883326000032/0000318833-26-000032-index.htm
- Shareholder Votes
  TEAM INC shareholders approved Ratification of the Appointment of KPMG LLP as the Company’s Independent Registered Public Accounting Firm for the Fiscal Year ending December 31, 2026 at the 2026-05-20 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2026-05-20
  source text: The Company’s shareholders ratified the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/318833/000031883326000032/0000318833-26-000032-index.htm

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