{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-145361","form_type":"8-K/A","ticker":"TISI","cik":"0000318833","company_name":"TEAM INC","filed_at":"2025-06-24T23:59:59+00:00","discovered_at":"2026-05-14T18:02:50.928405+00:00","generated_at":"2026-05-18T23:06:44.378612+00:00","sec_items":["3.03","5.03","5.07","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Team Inc. reverses charter amendment after realizing it lacked required shareholder vote","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-145361","json":"https://secwatch.observer/filing/0001193125-25-145361.json","markdown":"https://secwatch.observer/filing/0001193125-25-145361.md","text":"https://secwatch.observer/filing/0001193125-25-145361.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/318833/000119312525145361/0001193125-25-145361-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/318833/000119312525145361/d839611d8ka.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T23:06:44.378612+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ceb7fe3b0ca5ac94e1fd21cbdebc88026183ecf5","claim":"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).","evidence_excerpt":"On June 24, 2025, the Company filed the Certificate of Correction with the Delaware Secretary of State to undo the Charter Amendment.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/318833/000119312525145361/0001193125-25-145361-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2025-06-24"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}