secwatch.observer — SEC 8-K summary
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Issuer:     TEAM INC (TISI)
CIK:        0000318833
Form:       8-K
Filed at:   2026-05-20T20:22:04+00:00
Accession:  0000318833-26-000032
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 5.07
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/318833/000031883326000032/0000318833-26-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/318833/000031883326000032/tisi-20260520.htm
  HTML page:      https://secwatch.observer/filing/0000318833-26-000032

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