secwatch.observer — SEC 8-K summary
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Issuer:     TEAM INC (TISI)
CIK:        0000318833
Form:       8-K
Filed at:   2026-06-23T20:15:12+00:00
Accession:  0001193125-26-279459
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Team Inc. CFO Nelson Haight departing June 22; Clinton Roeder named successor
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- Nelson Haight steps down as EVP/CFO effective June 22, 2026; remains Special Advisor through July 3, 2026.
- Haight severance includes $603,750 over 15 months, prorated 2026 target bonus, $15,500 healthcare, immediate vesting of 18,703 RSUs and prorated vesting of 130,922 PSUs.
- New CFO Clinton Roeder appointed; previously CFO of PrimeFlight Aviation (2020-2026), Nine Energy Services (2017-2020), Total Safety (2013-2017).
- Roeder's compensation: $500,000 base salary, 75% target bonus, $500,000 equity grants (30% RSUs/70% PSUs with 3-year performance cliff).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/318833/000119312526279459/0001193125-26-279459-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/318833/000119312526279459/d101292d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-279459

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