secwatch.observer — SEC 8-K summary
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Issuer:     TEAM INC (TISI)
CIK:        0000318833
Form:       8-K/A
Filed at:   2022-03-25T23:59:59+00:00
Accession:  0001193125-22-085211
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/318833/000119312522085211/0001193125-22-085211-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/318833/000119312522085211/d263072d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-085211

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