secwatch.observer — SEC 8-K summary
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Issuer:     TEAM INC (TISI)
CIK:        0000318833
Form:       8-K
Filed at:   2025-10-27T23:59:59+00:00
Accession:  0001193125-25-250624
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/318833/000119312525250624/0001193125-25-250624-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/318833/000119312525250624/d866877d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-250624

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