Source-grounded facts extracted from TEAM INC's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
TEAM INC: Filed Certificate of Correction to undo a Charter Amendment that was not properly approved, restoring the prior certificate of incorporation as it existed before the ineffective amendment (effective 2025-06-24).
“On June 24, 2025, the Company filed the Certificate of Correction with the Delaware Secretary of State to undo the Charter Amendment.”
TEAM INC: Deleted language specifying conditions for cause in director removal from Article VII, Section 5 of the charter (effective 2025-06-18).
“The Charter Amendment deleted language previously in Article VII, Section 5 of the Company’s Amended and Restated Certificate of Incorporation that specified when cause is deemed to exist in connection with the removal of directors.”
André C. Bouchard resigned as Executive Vice President, Administration, Chief Legal Officer and Secretary at TEAM INC.
“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 .”
TEAM INC reported the first quarter ended March 31, 2024 results: revenue $199.6 million, net income net loss of $17.2 million. Guidance reaffirmed.
“inspection services, today reported its financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights: • Announced first quarter 2024 revenues of $199.6 million. • Improved gross margin by 120 basis points to 24.4% as compared to 23.2% in the 2023 first quarter. • Reported first quarter 2024 net loss of $17.2 million, a $7.5 million”
Pamela J. McGinnis was appointed as Class II Director at TEAM INC.
“appointed Pamela J. McGinnis to the Board as a Class II director, effective as of April 3, 2024”
TEAM INC received a nyse deficiency notice notice regarding stockholders equity (rules 802.01B).
“March 14, 2024, Team, Inc. (the “Company”) received a written notice from the New York Stock Exchange (the “NYSE”) that the Company is not in compliance with the continued listing standards set forth in Rule 802.01B of the NYSE Listed Company Manual because its average global market capitalization over a consecutive 30 trading-day period was less than $50 million and, at the same time, its last reported shareholders’ equity was less than $50 million. As required by the NYSE, the Company intends to timely notify the NYSE of its intent to cure the deficiency and restore its compliance with the N”
TEAM INC received a nyse deficiency notice notice regarding market value (rules 802.01B).
“March 14, 2024, Team, Inc. (the “Company”) received a written notice from the New York Stock Exchange (the “NYSE”) that the Company is not in compliance with the continued listing standards set forth in Rule 802.01B of the NYSE Listed Company Manual because its average global market capitalization over a consecutive 30 trading-day period was less than $50 million and, at the same time, its last reported shareholders’ equity was less than $50 million. As required by the NYSE, the Company intends to timely notify the NYSE of its intent to cure the deficiency and restore its compliance with the N”
TEAM INC reported the full year ended December 31, 2023 results: revenue $862.6 million, net income $75.7 million.
“• Increased 2023 revenue to $862.6 million, up 2.7% or $22.4 million from 2022. • Improved gross margin to $211.2 million, or 24.5% of revenue, as compared to $201.6 million, or 24.0% of revenue, in 2022. • Reported 2023 net loss of $75.7 million, a $74.4 million improvement over net loss of $150.1 million in 2022.”
TEAM INC reported the fourth quarter ended December 31, 2023 results: revenue $214.1 million, net income $23.1 million, EPS a loss of $5.25 per share.
“Fourth quarter revenues were up $2.8 million to $214.1 million as compared to $211.3 million in the prior-year period. The increase was driven by higher Inspection and Heat Treating (“IHT”) revenue of $4.6 million, partially offset by lower Mechanical Services (“MS”) revenue of $1.8 million. In the fourth quarter of 2023, consolidated gross margin was $50.4 million, or 23.6% of revenue, down 120 basis points from 24.8%, or $52.4 million, in the same quarter a year ago. Gross margin for the quarter was impacted by a less favorable project mix, and higher direct costs. Selling, general and administrative expenses for the fourth quarter were $59.3 million, up by $2.1 million, or 3.7%, from the fourth quarter of 2022, primarily due to higher legal reserves. Adjusted Selling, General and Administrative Expense, which excludes expenses not representative of TEAM’s ongoing operations as well as non-cash expenses such as depreciation and amortization and share-based compensation expense, decli”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.