---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-048560"
form_type: "8-K"
ticker: "TISI"
cik: "0000318833"
company_name: "TEAM INC"
filed_at: "2022-02-22T23:59:59+00:00"
generated_at: "2026-06-27T06:20:33.788656+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Team, Inc. appoints Michael J. Caliel to Board of Directors

## Summary
- Michael J. Caliel appointed Class II director effective Feb 16, 2022; will stand for election at 2022 annual meeting.
- Compensation: $165k annual cash retainer; additional $5k for Compensation Committee, $48k for Special Subcommittee.
- Caliel ex-CEO of Layne, Invensys, Integrated Electrical; now on Orion Group board.
- Appointment made under stock subscription agreement with Corre Opportunities Master Fund and affiliates.

## SEC filing metadata
- accession: 0001193125-22-048560
- form_type: 8-K
- ticker: TISI
- cik: 0000318833
- company_name: TEAM INC
- filed_at: 2022-02-22T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/318833/000119312522048560/0001193125-22-048560-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/318833/000119312522048560/d297173d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-048560
- JSON: https://secwatch.observer/filing/0001193125-22-048560.json
- Plain text: https://secwatch.observer/filing/0001193125-22-048560.txt

## Key facts
- Executive change
  Michael J. Caliel was appointed as Director at TEAM INC.
  - Action: appointed
  - Role: Director
  source text: On February 16, 2022, the Board of Directors (the “Board”) of Team, Inc. (the “Company”) appointed Michael J. Caliel to the Board effective February 16, 2022,
  evidence_url: https://www.sec.gov/Archives/edgar/data/318833/000119312522048560/0001193125-22-048560-index.htm

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