Team Inc. reverses charter amendment after realizing it lacked required shareholder vote

TEAM INC

Filed Charter Amendment on June 18 to delete language defining 'cause' for director removal.
On June 24, filed Certificate of Correction to undo amendment; it is null and void ab initio.
The amendment required at least two-thirds of outstanding shares; that threshold was not reached.
Prior 8-K incorrectly reported the charter amendment as passed; corrected in this filing.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

TEAM INC: Filed Certificate of Correction to undo a Charter Amendment that was not properly approved, restoring the prior certificate of incorporation as it existed before the ineffective amendment (effective 2025-06-24).

Change: charter amendment
Effective: 2025-06-24

Exact text from the filing

On June 24, 2025, the Company filed the Certificate of Correction with the Delaware Secretary of State to undo the Charter Amendment.

View on SEC.gov

11 governance changes filed in the last 30 days. Browse all governance changes →

TEAM INC filing history →

Source: SEC EDGAR

accession 0001193125-25-145361

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