secwatch.observer — SEC 8-K summary
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Issuer:     TEAM INC (TISI)
CIK:        0000318833
Form:       8-K
Filed at:   2026-01-26T23:59:59+00:00
Accession:  0001193125-26-022764
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Team Inc. appoints Gary Hill as CEO effective Feb 1; Keith Tucker retires
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- Keith Tucker retires after 20 years; departure not due to any disagreement.
- Gary Hill appointed CEO effective Feb 1, 2026; brings 30+ years in industrial services.
- Hill receives $750k base salary, 100% target bonus, sign-on RSUs ($562.5k) and PSUs ($1.3125M).
- Severance enhanced: 18 months base salary without cause; 2 years base + bonus on change in control.
- Company reaffirms previously issued 2025 outlook.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/318833/000119312526022764/0001193125-26-022764-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/318833/000119312526022764/d45852d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-022764

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer