---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-342799"
form_type: "8-K"
ticker: "TISI"
cik: "0000318833"
company_name: "TEAM INC"
filed_at: "2026-08-10T21:52:35+00:00"
generated_at: "2026-08-11T10:06:06.502366+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Stellex acquires 1.6M TISI shares from Corre at $35.50, becomes largest shareholder

## Summary
- Stellex acquires all 1,604,326 TISI shares from Corre at $35.50/share; company receives no proceeds.
- Stellex to own ~35% of TISI common stock, plus preferred and warrants issued Sept 2025, becoming largest shareholder.
- Corre irrevocably waived board observation and nomination rights on Aug 6, 2026; retains only Lender Director rights.
- Chairman Michael Caliel calls transaction a strong vote of confidence; Stellex MD Olivia Zhao cites alignment.

## SEC filing metadata
- accession: 0001193125-26-342799
- form_type: 8-K
- ticker: TISI
- cik: 0000318833
- company_name: TEAM INC
- filed_at: 2026-08-10T21:52:35+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/318833/000119312526342799/0001193125-26-342799-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/318833/000119312526342799/d55393d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-342799
- JSON: https://secwatch.observer/filing/0001193125-26-342799.json
- Plain text: https://secwatch.observer/filing/0001193125-26-342799.txt

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