TISI TEAM INC

CIK 0000318833 50 ready 8-Ks latest October 6, 2026, 4:07 PM ET RSS · JSON

Activity: NORMAL 1 filings / 30d vs 1 baseline Risk accumulating: repeated leadership change (4)

Ready 8-Ks 50

Latest filing October 6, 2026, 4:07 PM ET

Top materiality 0.90

Event mix earnings ×17 · other_material ×12 · leadership ×9

Sentiment 19 pos · 7 neg · 24 neu

Latest earnings reported 2026-Q2

Executive change recent →

SHENANIGAN SCORE 1 / 7 see the board

Recent 8-K filings for TISI

Highest-materiality recent filing

Team Inc. raises $75M via preferred stock and warrants; repays debt and amends credit facilities

September 15, 2025, 7:59 PM ET other material materiality 0.90 positive item 1.01 item 2.03 item 3.02 item 3.03 item 5.03 item 7.01 item 9.01 ◈ Equity Issuances

Issued Series B Preferred and warrants to Stellex for $75M; used $25M to repay ABL, ~$42.9M to repay second lien term loan.
Up to $30M additional delayed draw available through Sept 2027; 30,000 more preferred shares issuable.

Read filing →

October 6, 2026, 4:07 PM ET leadership materiality 0.25 neutral item 5.02 item 9.01 ◈ executive_change ×2

Team, Inc. names George Philip Chief Accounting Officer as Matthew Acosta departs

Matthew Acosta departed as Vice President, Chief Accounting Officer effective October 1, 2026; the company said the exit was not due to any disagreement over operations, policies or practices.
August 10, 2026, 5:52 PM ET M&A materiality 0.65 positive item 1.01 item 7.01 item 9.01

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

Stellex acquires all 1,604,326 TISI shares from Corre at $35.50/share; company receives no proceeds.
August 10, 2026, 5:30 PM ET earnings materiality 0.70 negative item 2.02 item 9.01

Team Inc Q2 revenue falls to $228.7M; net loss widens; FY26 guidance implies growth

Revenue $228.7M, down 8% YoY from $248.0M; gross margin $54.4M vs $68.1M.
July 10, 2026, 4:15 PM ET other materiality 0.30 neutral item 5.02 item 9.01

Team Inc. amends executive severance policy, caps change-in-control benefits at 24 months

Amendment reduces maximum supplemental salary and compensation payments to 24 months for change-in-control-related terminations.
June 23, 2026, 4:15 PM ET leadership materiality 0.60 neutral item 5.02 item 9.01 ◈ executive_change ×2

Team Inc. CFO Nelson Haight departing June 22; Clinton Roeder named successor

Nelson Haight steps down as EVP/CFO effective June 22, 2026; remains Special Advisor through July 3, 2026.
May 20, 2026, 4:22 PM ET other material materiality 0.40 neutral item 5.02 item 5.07 ◈ Shareholder Votes ×5

Team Inc. shareholders approve 250,000 share increase in equity plan and Stellex warrant issuance at annual meeting

Re-elected three Class I directors (Horton, Lederman, Ytterdahl) with over 2.2M votes each.
May 13, 2026, 4:35 PM ET earnings materiality 0.75 positive item 2.02 item 9.01 ◈ Earnings Releases

Team Inc. posts Q1 revenue $215.1M (+8.3% YoY); net loss improves $18.4M to $11.3M

Revenue $215.1M, up 8.3% YoY; gross margin $50.2M, up 6.1%.
March 12, 2026, 7:59 PM ET earnings materiality 0.68 positive item 2.02 item 9.01 ◈ Earnings Releases ×2

Team Inc. reports Q4 2025 revenue up 5.4% to $224.8M; full-year Adj. EBITDA up 11.9% to $60.7M

Q4 revenue $224.8M (+5.4% YoY); net loss improved 47.4% to $3.8M from $7.2M.
February 9, 2026, 6:59 PM ET leadership materiality 0.70 neutral item 5.02 item 9.01

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

CEO Keith Tucker departed Jan 31, 2026; termination was without cause.
January 26, 2026, 6:59 PM ET leadership materiality 0.60 neutral item 5.02 item 7.01 item 9.01

Team Inc. appoints Gary Hill as CEO effective Feb 1; Keith Tucker retires

Keith Tucker retires after 20 years; departure not due to any disagreement.
November 12, 2025, 6:59 PM ET earnings materiality 0.70 positive item 2.02 item 9.01

Team Inc. Q3 revenue up 6.7% to $225M, Adjusted EBITDA rises 28.6%

Revenue $225.0M, up 6.7% YoY; gross margin $58.0M, up 8.4%.
October 27, 2025, 7:59 PM ET leadership materiality 0.60 neutral item 5.02 item 7.01 item 8.01 item 9.01

Team Inc. appoints two Stellex-nominated directors; Davis to resign Dec 31; Caliel becomes non-executive Chairman

K. Niclas Ytterdahl and Michael Stewart appointed to the Board effective Oct 24, 2025, increasing board size from 7 to 9.
September 15, 2025, 7:59 PM ET other material materiality 0.90 positive item 1.01 item 2.03 item 3.02 item 3.03 item 5.03 item 7.01 item 9.01 ◈ Equity Issuances

Team Inc. raises $75M via preferred stock and warrants; repays debt and amends credit facilities

Issued Series B Preferred and warrants to Stellex for $75M; used $25M to repay ABL, ~$42.9M to repay second lien term loan.
August 12, 2025, 7:59 PM ET earnings materiality 0.60 neutral item 2.02 item 9.01

TEAM Inc reports Q2 revenue up 8.5% to $248M; net loss narrows but still $4.3M

Revenue $248.0M, up 8.5% YoY; gross margin $68.1M, up 7.1% YoY.
June 24, 2025, 7:59 PM ET other material materiality 0.65 negative item 3.03 item 5.03 item 5.07 item 9.01 ◈ Governance Changes

Team Inc. reverses charter amendment after realizing it lacked required shareholder vote

Filed Charter Amendment on June 18 to delete language defining 'cause' for director removal.
June 20, 2025, 7:59 PM ET other material materiality 0.35 neutral item 3.03 item 5.07 item 5.03 ◈ Governance Changes

Team Inc. shareholders approve charter amendment removing cause definition for director removal

Shareholders approved charter amendment deleting specific cause definition for director removal: 2,246,502 For, 21,462 Against.
May 12, 2025, 7:59 PM ET earnings materiality 0.70 negative item 2.02 item 9.01

Team Inc. Q1 2025 net loss $29.7M; revenue $198.7M; refinancing completed

Revenue of $198.7M, gross margin 23.8%.
March 20, 2025, 7:59 PM ET earnings materiality 0.70 positive item 9.01 item 2.02

Team Inc Q4 net loss narrows to $7.2M; Adj EBITDA +50.5% to $14.6M

Q4 revenue $213.3M (flat YoY); gross margin 26.9% (+330 bps); net loss $7.2M vs $23.1M loss in Q4 2023.
March 19, 2025, 7:59 PM ET earnings materiality 0.75 positive item 2.02 item 9.01

Team Inc. Q4 net loss improves to $7.2M; Adjusted EBITDA up 50.5% to $14.6M

Q4 rev $213.3M (flat); gross margin 26.9% (+330bps); Q4 net loss $7.2M vs $23.1M in Q4 2023.
March 13, 2025, 7:59 PM ET debt materiality 0.75 positive item 1.01 item 2.03 item 7.01 item 9.01 ◈ Debt Financings ×2

Team, Inc. closes $225M refinancing; lowers cost of capital, extends maturities to 2030

Closed $175M first lien term loan (SOFR + 6.0-7.0%) and $50M delayed draw facility, both maturing March 2030.
January 10, 2025, 6:59 PM ET leadership materiality 0.40 neutral item 5.02 item 9.01 ◈ executive_change

TEAM, Inc. EVP, Chief Legal Officer & Secretary resigns effective Jan 18, 2025

André C. Bouchard resigns as EVP, Administration, Chief Legal Officer and Secretary.
November 12, 2024, 6:59 PM ET earnings materiality 0.60 neutral item 2.02 item 9.01

Team Q3 revenue $210.8M (+2% YoY); Adj EBITDA $11.3M, net loss narrows to $11.1M

Revenue $210.8M, up 2% YoY; gross margin maintained at 25.4%.
October 1, 2024, 7:59 PM ET debt materiality 0.75 positive item 1.01 item 2.03 item 7.01 item 9.01

TEAM extends ABL credit facility maturity to September 2027, improves pricing

Extended maturity of ABL revolver ($130M), term loan ($27.4M) and DDTL ($35M) from Aug 2025 to Sep 2027.
August 8, 2024, 7:59 PM ET earnings materiality 0.75 positive item 2.02 item 9.01

Team Inc Q2 2024 revenue $228.6M, net loss $2.8M, adj EBITDA up 25% YoY

Revenue $228.6M; net loss $2.8M, a $13.0M improvement YoY.
May 24, 2024, 7:59 PM ET other materiality 0.10 neutral item 5.07

TEAM shareholders elect directors, approve say-on-pay, equity plan amendment, auditor ratification

Class II directors Caliel, McGinnis, Stenger re-elected with ~96% of votes cast.
May 21, 2024, 7:59 PM ET other material materiality 0.20 neutral item 7.01 item 9.01

Team Inc. posts investor presentation and recording with CEO/CFO discussing Q1 results and strategic vision

Press release announces updated investor presentation and recorded discussion posted on Company's website.
May 14, 2024, 7:59 PM ET earnings materiality 0.70 positive item 2.02 item 9.01 ◈ Earnings Releases

Team Inc. Q1 2024: Revenue $199.6M, net loss narrows to $17.2M, Adj. EBITDA rises 55%

Revenue $199.6M; net loss of $17.2M improved $7.5M YoY from $24.7M loss.
April 8, 2024, 7:59 PM ET leadership materiality 0.50 positive item 5.02 item 7.01 item 9.01 ◈ executive_change

Team, Inc. appoints Pamela J. McGinnis to Board, increases board size to seven

Pamela J. McGinnis appointed as Class II director effective April 3, 2024; term expires at 2024 annual meeting.
March 15, 2024, 7:59 PM ET regulatory materiality 0.65 negative item 3.01 item 7.01 item 9.01 ◈ Listing & Compliance Notices ×2

Team, Inc. receives NYSE delisting notice for failing $50M market cap and equity thresholds

Notice received March 14, 2024 for non-compliance with NYSE Rule 802.01B: avg global market cap <$50M and shareholders' equity <$50M over 30 days.
March 7, 2024, 6:59 PM ET earnings materiality 0.75 negative item 2.02 item 9.01 ◈ Earnings Releases ×2

Team Q4 2023 revenue $214.1M, net loss narrows; Adjusted EBITDA up 45%

Q4 revenue $214.1M (+1.3% YoY); net loss $23.1M vs $56.9M loss in Q4 2022.
November 9, 2023, 6:59 PM ET earnings materiality 0.65 positive item 2.02 item 9.01 ◈ Earnings Releases

Team, Inc. Q3 2023 revenue $206.7M, net loss narrows 54% YoY to $12.1M

Revenue $206.7M; gross margin 25.5% ($52.8M).
November 7, 2023, 6:59 PM ET leadership materiality 0.60 neutral item 5.02 item 7.01 item 8.01 item 9.01

Team Inc. appoints Michael J. Caliel as Executive Chairman, creates Lead Independent Director role

Michael J. Caliel, previously non-executive Chairman, named Executive Chairman effective Nov 6, 2023, focusing on long-term strategy.
August 10, 2023, 7:59 PM ET earnings materiality 0.75 positive item 2.02 item 9.01

Team Inc Q2 revenue up 8% to $239.5M, net loss improves $12.4M

Revenue $239.5M, up 8% YoY; gross margin 25.4% (+190 bps vs Q2 2022).
June 20, 2023, 7:59 PM ET debt materiality 0.75 positive item 1.01 item 2.03 item 7.01 item 9.01 ◈ Debt Financings ×2◈ Material Agreements

Team, Inc. closes $87.4M refinancing; extends debt maturities to 2025-2026

New $57.5M senior secured first lien term loan from Corre Partners (12% cash interest; due Dec 2026).
May 25, 2023, 7:59 PM ET debt materiality 0.75 positive item 7.01 item 9.01

Team, Inc. secures $87.4M in new financing to refinance convertible notes and term loan

Committed $57.5M 12% senior secured first lien term loan from Corre Management Partners, due Dec 2026, comprising $37.5M tranche and $20M delayed draw tranche.
May 16, 2023, 7:59 PM ET other material materiality 0.15 neutral item 5.07 ◈ Shareholder Votes ×4

Team Inc. shareholders re-elect two Class I directors and approve all proposals at 2023 Annual Meeting

Director nominees Anthony R. Horton and Evan S. Lederman re-elected with ~2.1M votes for each.
May 11, 2023, 7:59 PM ET earnings materiality 0.70 positive item 2.02 item 9.01 ◈ Earnings Releases

Team Inc. Q1 2023 revenue $202.3M (+7% YoY); net loss narrows to $24.7M

Revenue $202.3M, up 7% YoY ($13.2M increase); up nearly 9% excluding FX headwinds.
March 30, 2023, 7:59 PM ET debt materiality 0.30 neutral item 1.01 item 9.01

Team, Inc. extends $10M subordinated loan draw period to Sept 30, 2023

Amendment No. 12 extends the February 2022 Delayed Draw Availability Period from March 31, 2023 to September 30, 2023.
March 14, 2023, 7:59 PM ET earnings materiality 0.60 positive item 2.02 item 9.01 ◈ Earnings Releases

TEAM Q4 revenue up 4% to $211M; Adj. EBITDA turns positive to $6.7M

Q4 revenue $211.3M (+4.0% YoY); gross margin 24.8% vs 22.1% prior year.
March 14, 2023, 7:59 PM ET other material materiality 0.50 neutral item 8.01 item 9.01

Team Inc. files pro forma financials reflecting sale of TQ Acquisition to Baker Hughes

Pro forma 2022 revenues of $840.2M versus $941.6M historical, excluding TQ Acquisition.
December 22, 2022, 6:59 PM ET other material materiality 0.30 neutral item 3.03 item 7.01 item 9.01 item 5.02

Team, Inc. corrects fractional share cash-out method for reverse stock split

Prior press releases incorrectly stated fractional cash would use Dec 21 closing price.
December 22, 2022, 6:59 PM ET other material materiality 0.60 neutral item 3.03 item 5.03 item 7.01 item 9.01

Team, Inc. completes 1-for-10 reverse stock split, reduces authorized shares to 12M

Effective 5:00 p.m. ET Dec 21, 2022; shares begin trading split-adjusted on NYSE Dec 22 under same ticker TISI with new CUSIP 878155 308.
December 9, 2022, 6:59 PM ET other material materiality 0.60 neutral item 3.03 item 7.01 item 9.01 item 5.02

Team, Inc. announces one-for-ten reverse stock split effective Dec 21, 2022

Reverse stock split at 1:10 ratio; effective 5:00 p.m. ET on Dec 21, 2022.
November 29, 2022, 6:59 PM ET leadership materiality 0.45 neutral item 5.02 item 7.01 item 9.01 ◈ executive_change

Team, Inc. appoints Keith Tucker as permanent CEO, effective Nov 22

Keith Tucker, interim CEO since March 2022, unanimously appointed CEO by Board.
November 22, 2022, 6:59 PM ET debt materiality 0.50 neutral item 1.01 item 9.01 ◈ Material Agreements

Team, Inc. extends unsecured term loan maturity to Dec 2027 and draw period to Mar 2023

Maturity extended from Dec 31, 2026 to Dec 31, 2027 under Amendment No. 11.
November 10, 2022, 6:59 PM ET debt materiality 0.65 negative item 1.01 item 9.01 ◈ Material Agreements ×2

Team Inc. obtains covenant relief on $250M term loan; net leverage test suspended until Q2 2023

Amendment No. 9 to Atlantic Park term loan waives net leverage ratio test until June 30, 2023, then set at 7.00x.
November 9, 2022, 6:59 PM ET earnings materiality 0.80 positive item 2.02 item 9.01 ◈ Earnings Releases

Team Inc Q3 revenue up 10%, posts $10.6M adj EBITDA; sells Quest Integrity for $279M

Q3 revenue $218.3M (+10% YoY); gross margin 25.7% vs 22.5%.
November 9, 2022, 6:59 PM ET other material materiality 0.15 neutral item 5.07 ◈ Shareholder Votes

Team Inc. shareholders approve doubling authorized common shares to 120M

Shareholders voted 29.34M for, 1.73M against, 98K abstentions on amendment to increase authorized common shares from 60M to 120M.
November 7, 2022, 6:59 PM ET M&A materiality 0.80 negative item 1.01 item 2.01 item 3.01 item 5.02 item 8.01 item 9.01 ◈ Material Agreements ×4◈ Listing & Compliance Notices◈ executive_change◈ M&A Transactions

Team completes Quest Integrity sale for $279M; NYSE warns on low share price

Sold Quest Integrity to Baker Hughes for $279M; net proceeds ~$270M.
November 3, 2022, 7:59 PM ET other material materiality 0.50 neutral item 5.07 item 8.01 item 9.01 ◈ Shareholder Votes ×3

TEAM Inc. special meeting adjourned; authorized share increase vote falls short of two-thirds threshold

Proposal One (increase authorized shares from 60M to 120M) had 94% of voted shares in favor, but favorable votes were less than two-thirds of all outstanding shares; meeting adjourned to Nov 8.

Executive changes

Departed

Matthew Acosta

Vice President, Chief Accounting Officer

TISI · TEAM INC

Effective: 2026-10-01
Successor: George Philip
Filed: October 6, 2026, 4:07 PM ET

On October 1, 2026, Team, Inc. (the “Company”) announced that Matthew Acosta will depart from his role as Vice President, Chief Accounting Officer of the Company, effective as of October 1, 2026. Mr. Acosta’s departure is not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies, or practices.

Appointed

George Philip

Chief Accounting Officer

TISI · TEAM INC

Effective: 2026-10-02
Filed: October 6, 2026, 4:07 PM ET

Also on October 1, 2026, the Company announced that George Philip has been appointed as Chief Accounting Officer of the Company, effective as of October 2, 2026.

Appointed

Clinton Roeder

Executive Vice President and Chief Financial Officer

TISI · TEAM INC

Effective: 2026-06-22
Filed: June 23, 2026, 4:15 PM ET

the Board of Directors of the Company has appointed Clinton Roeder as Executive Vice President and Chief Financial Officer of the Company, effective as of June 22, 2026.

Departed

Nelson Haight

Executive Vice President and Chief Financial Officer

TISI · TEAM INC

Effective: 2026-06-22
Successor: Clinton Roeder
Filed: June 23, 2026, 4:15 PM ET

Team, Inc. (the “Company”) announced that Nelson Haight will depart from his role as Executive Vice President and Chief Financial Officer of the Company, effective as of June 22, 2026.

Departed

André C. Bouchard

Executive Vice President, Administration, Chief Legal Officer and Secretary

TISI · TEAM INC

Effective: 2025-01-18
Filed: January 10, 2025, 6:59 PM ET

On January 6, 2025, André C. Bouchard , Executive Vice President, Administration, Chief Legal Officer and Secretary of Team, Inc. (the “Company”) provided notice of his decision to resign from his positions with the Company, effective January 18, 2025 .

Appointed

Pamela J. McGinnis

Class II Director

TISI · TEAM INC

Effective: 2024-04-03
Filed: April 8, 2024, 7:59 PM ET

appointed Pamela J. McGinnis to the Board as a Class II director, effective as of April 3, 2024

Appointed

Keith D. Tucker

Chief Executive Officer

TISI · TEAM INC

Effective: 2022-11-22
Filed: November 29, 2022, 6:59 PM ET

On November 22, 2022, the Board of Directors of Team, Inc. (the “Company”) appointed Keith D. Tucker, Interim Chief Executive Officer of the Company, as the Company’s Chief Executive Officer.

Departed

Robert Young

President, Asset Integrity & Digital Group

TISI · TEAM INC

Effective: 2022-11-01
Filed: November 7, 2022, 6:59 PM ET

On November 1, 2022 and in connection with the Transaction, Robert Young—President, Asset Integrity & Digital Group and the Company have agreed that Mr. Young will resign from his position as President, Asset Integrity & Digital Group effective as of November 1, 2022, in order to accept employment with a subsidiary of TQ Acquisition.

Departed

Sylvia J. Kerrigan

Director

TISI · TEAM INC

Filed: June 13, 2022, 7:59 PM ET

Resignation of Director On June 9, 2022, Sylvia J. Kerrigan notified the Chairman of the Company’s Board of Directors (the “Board”) of

Appointed

Nelson M. Haight

Executive Vice President – Chief Financial Officer

TISI · TEAM INC

Effective: 2022-06-13
Filed: June 13, 2022, 7:59 PM ET

On June 13, 2022, Team, Inc. (the “Company”) announced that Nelson M. Haight has been appointed as Executive Vice President – Chief Financial Officer, effective immediately.

Appointed (interim)

Keith D. Tucker

Interim Chief Executive Officer

TISI · TEAM INC

Effective: 2022-03-21
Filed: March 25, 2022, 7:59 PM ET

effective March 21, 2022, Keith D. Tucker was appointed as Interim Chief Executive Officer of the Company.

Appointed (interim)

Keith D. Tucker

Interim Chief Executive Officer

TISI · TEAM INC

Effective: 2022-03-21
Filed: March 18, 2022, 7:59 PM ET

Effective as of March 21, 2022, Keith D. Tucker was appointed as Interim Chief Executive Officer.

Earnings & guidance

2026-Q2 EPS reported -$5.26 filing →

Materiality & sentiment trend

Max materiality 0.90 · Median 0.62 · Most common event earnings

19 positive 7 negative 24 neutral

source · TISI on sec.gov