secwatch.observer — SEC 8-K summary
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Issuer:     TEAM INC (TISI)
CIK:        0000318833
Form:       8-K/A
Filed at:   2025-06-24T23:59:59+00:00
Accession:  0001193125-25-145361
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 3.03, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/318833/000119312525145361/0001193125-25-145361-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/318833/000119312525145361/d839611d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-145361

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