---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-250624"
form_type: "8-K"
ticker: "TISI"
cik: "0000318833"
company_name: "TEAM INC"
filed_at: "2025-10-27T23:59:59+00:00"
generated_at: "2026-05-17T02:15:48.357652+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Team Inc. appoints two Stellex-nominated directors; Davis to resign Dec 31; Caliel becomes non-executive Chairman

## Summary
- K. Niclas Ytterdahl and Michael Stewart appointed to the Board effective Oct 24, 2025, increasing board size from 7 to 9.
- Jeffery G. Davis will resign as director and from all committees effective Dec 31, 2025; no dispute with the Company.
- Michael J. Caliel returns to non-executive Chairman role immediately, relinquishing Executive Chairman title.
- Ytterdahl serves on Audit and Governance Committees; Stewart on Compensation; Stewart receives no director compensation.
- Both directors are nominees of Stellex Capital Management per the September 2025 Shareholders Agreement.

## SEC filing metadata
- accession: 0001193125-25-250624
- form_type: 8-K
- ticker: TISI
- cik: 0000318833
- company_name: TEAM INC
- filed_at: 2025-10-27T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/318833/000119312525250624/0001193125-25-250624-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/318833/000119312525250624/d866877d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-250624
- JSON: https://secwatch.observer/filing/0001193125-25-250624.json
- Plain text: https://secwatch.observer/filing/0001193125-25-250624.txt

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