secwatch.observer — SEC 8-K summary
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Issuer:     TEAM INC (TISI)
CIK:        0000318833
Form:       8-K
Filed at:   2026-07-10T20:15:12+00:00
Accession:  0001193125-26-300929
Event type: other
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Team Inc. amends executive severance policy, caps change-in-control benefits at 24 months
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- Amendment reduces maximum supplemental salary and compensation payments to 24 months for change-in-control-related terminations.
- Supplemental bonus payment now calculated using higher of most recent year's actual bonus or two-year average, or target if no bonus earned.
- Effective July 7, 2026; applies to covered corporate executive officers.
- No departure or appointment of officers reported; only policy amendment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/318833/000119312526300929/0001193125-26-300929-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/318833/000119312526300929/d132043d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-300929

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