Team Inc. appoints Keith D. Tucker as Interim CEO; salary $590K, equity $650K

TEAM INC

Keith D. Tucker appointed Interim CEO effective March 21, 2022; base salary $590,000.
Annual bonus target 100% of base salary; maximum 200% of base salary.
Long-term incentive of $650,000: RSUs for 216,668 shares plus $325,000 cash award; vests March 21, 2023.
Severance eligible under company policy; non-CEO severance if returns to prior role.
Tucker joined Team in 2005; most recently President of Inspection & Heat Treating since Jan 2021.

item 5.02 item 9.01

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Appointed (interim)

Keith D. Tucker

Interim Chief Executive Officer

TISI · TEAM INC

Effective: 2022-03-21
Filed: March 25, 2022, 7:59 PM ET

effective March 21, 2022, Keith D. Tucker was appointed as Interim Chief Executive Officer of the Company.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Keith D. Tucker was appointed as Interim Chief Executive Officer at TEAM INC.

Action: appointed
Role: Interim Chief Executive Officer

Exact text from the filing

effective March 21, 2022, Keith D. Tucker was appointed as Interim Chief Executive Officer of the Company.

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TEAM INC filing history →

Source: SEC EDGAR

accession 0001193125-22-085211

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