secwatch.observer — SEC 8-K summary
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Issuer:     TEAM INC (TISI)
CIK:        0000318833
Form:       8-K
Filed at:   2026-02-09T23:59:59+00:00
Accession:  0001193125-26-042817
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/318833/000119312526042817/0001193125-26-042817-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/318833/000119312526042817/d69595d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-042817

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