---
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"
generated_at: "2026-05-18T23:06:44.378612+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.03, 5.03, 5.07, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-145361
- JSON: https://secwatch.observer/filing/0001193125-25-145361.json
- Plain text: https://secwatch.observer/filing/0001193125-25-145361.txt

## Key facts
- Governance Changes
  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
  source text: On June 24, 2025, the Company filed the Certificate of Correction with the Delaware Secretary of State to undo the Charter Amendment.
  evidence_url: https://www.sec.gov/Archives/edgar/data/318833/000119312525145361/0001193125-25-145361-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.