secwatch.observer — SEC 8-K summary
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Issuer:     TEAM INC (TISI)
CIK:        0000318833
Form:       8-K
Filed at:   2022-02-22T23:59:59+00:00
Accession:  0001193125-22-048560
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/318833/000119312522048560/0001193125-22-048560-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/318833/000119312522048560/d297173d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-048560

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