---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-042817"
form_type: "8-K"
ticker: "TISI"
cik: "0000318833"
company_name: "TEAM INC"
filed_at: "2026-02-09T23:59:59+00:00"
generated_at: "2026-05-16T03:58:11.987729+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Team Inc. CEO Keith Tucker departs; receives $1.125M severance, $375K consulting fee, equity vesting

## Summary
- CEO Keith Tucker departed Jan 31, 2026; termination was without cause.
- Severance: $1.125M over 18 months, 2025 bonus, $19K health benefit.
- 28,055 time-based RSUs vest immediately; 196,384 PSUs vest with 78% proration.
- Consulting: 12-month, $375K fee, limited to 10 hrs/month, paid over 6 months starting 18 months post-separation.
- 24-month non-compete and non-solicitation covenants apply.

## SEC filing metadata
- accession: 0001193125-26-042817
- form_type: 8-K
- ticker: TISI
- cik: 0000318833
- company_name: TEAM INC
- filed_at: 2026-02-09T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/318833/000119312526042817/0001193125-26-042817-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/318833/000119312526042817/d69595d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-042817
- JSON: https://secwatch.observer/filing/0001193125-26-042817.json
- Plain text: https://secwatch.observer/filing/0001193125-26-042817.txt

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