Highest-materiality recent filing
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.
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.
Re-elected three Class I directors (Horton, Lederman, Ytterdahl) with over 2.2M votes each.
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%.
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.
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.
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.
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%.
K. Niclas Ytterdahl and Michael Stewart appointed to the Board effective Oct 24, 2025, increasing board size from 7 to 9.
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.
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.
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.
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.
Team Inc. Q1 2025 net loss $29.7M; revenue $198.7M; refinancing completed
Revenue of $198.7M, gross margin 23.8%.
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.
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.
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.
TEAM, Inc. EVP, Chief Legal Officer & Secretary resigns effective Jan 18, 2025
André C. Bouchard resigns as EVP, Administration, Chief Legal Officer and Secretary.
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%.
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.
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.
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.
Press release announces updated investor presentation and recorded discussion posted on Company's website.
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.
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.
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.
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.
Team, Inc. Q3 2023 revenue $206.7M, net loss narrows 54% YoY to $12.1M
Revenue $206.7M; gross margin 25.5% ($52.8M).
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.
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).
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).
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.
Director nominees Anthony R. Horton and Evan S. Lederman re-elected with ~2.1M votes for each.
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.
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.
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.
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.
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.
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.
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.
Team, Inc. appoints Keith Tucker as permanent CEO, effective Nov 22
Keith Tucker, interim CEO since March 2022, unanimously appointed CEO by Board.
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.
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.
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%.
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.
Team completes Quest Integrity sale for $279M; NYSE warns on low share price
Sold Quest Integrity to Baker Hughes for $279M; net proceeds ~$270M.
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.
Team Inc. enters $21.4M LC facility and exchanges $57M convertible notes for term loans
Substitute insurance LC facility with 1970 Group up to $21.4M; expected to free ~$17.6M in liquidity.
Team Inc. Q2 revenue up 5% to $251M; sells Quest Integrity to Baker Hughes for $280M
Revenue $251.3M (+5.2% YoY); gross margin 27.8% vs 26.3%.
Team sells Quest Integrity segment to Baker Hughes for $280M cash
Agreement to sell Quest Integrity (advanced inspection & reliability) to Baker Hughes for $280M cash, subject to customary closing adjustments.
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.
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.
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 to the Board as a Class II director, effective as of April 3, 2024
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.
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.
Resignation of Director On June 9, 2022, Sylvia J. Kerrigan notified the Chairman of the Company’s Board of Directors (the “Board”) of
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.
effective March 21, 2022, Keith D. Tucker was appointed as Interim Chief Executive Officer of the Company.
Effective as of March 21, 2022, Keith D. Tucker was appointed as Interim Chief Executive Officer.
On March 17, 2022, Team, Inc. (the “Company”) announced the transition of Amerino Gatti from the role of Chairman and Chief Executive Officer of the Company, effective as of March 21, 2022.
effective as of March 18, 2022, Michael Caliel, who had previously joined the Board in February 2022, was appointed as the non-executive Chairman of the Board.
Max materiality 0.90 · Median 0.65 · Most common event earnings