TEAM INC — fact timeline

Clinton Roeder was appointed as Executive Vice President and Chief Financial Officer at TEAM INC.

“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.”

Nelson Haight resigned as Executive Vice President and Chief Financial Officer at TEAM INC.

“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.”

TEAM INC shareholders approved Approval of Amendment No.1 to the Second Amendment and Restatement of the Team, Inc. 2018 Equity Incentive Plan at the 2026-05-20 meeting.

“The Company’s shareholders approved Amendment No.1 to the Second Amendment and Restatement of the Team, Inc. 2018 Equity Incentive Plan.”

TEAM INC shareholders approved Stellex Warrant Shares Issuance Proposal Pursuant to NYSE Listing Rule 312.03(c) at the 2026-05-20 meeting.

“The Company’s shareholders approved the issuance of the shares of common stock, par value $0.30 per share, underlying the Warrants (as defined in the Proxy Statement) in accordance with the terms thereof, including, as applicable, below the Minimum Price to and including the Adjustment Floor (each, as defined in the Proxy Statement).”

TEAM INC shareholders approved Ratification of the Appointment of KPMG LLP as the Company’s Independent Registered Public Accounting Firm for the Fiscal Year ending December 31, 2026 at the 2026-05-20 meeting.

“The Company’s shareholders ratified the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026.”

TEAM INC shareholders approved Advisory Vote on Named Executive Officer Compensation at the 2026-05-20 meeting.

“The Company’s shareholders approved, on an advisory basis, named executive officer compensation for fiscal year 2026.”

TEAM INC shareholders approved Election of Directors at the 2026-05-20 meeting.

“The Company’s shareholders elected three Class I directors to the Board of Directors of the Company to each serve for a three-year term expiring at the 2029 Annual Meeting of Shareholders or until their successors are duly elected and qualified.”

TEAM INC reported the quarter ended March 31, 2026 results: revenue $215.1 million, net income net loss of $11.3 million. Guidance reaffirmed.

“reported its financial results for the quarter ended March 31, 2026. The Company also provided guidance for the full year 2026. First Quarter 2026 Highlights: • Grew revenue to $215.1 million, up $16.4 million, or 8.3%, over the first quarter of 2025. • Generated gross margin of $50.2 million, up $2.9 million, or 6.1%, over the first quarter of 2025. • Reported a net”

TEAM INC reported the full year ended December 31, 2025 results: revenue $896.5 million, net income Net loss of $49.2 million.

“up 12.1% from the 2024 period. • Generated cash flow from operations of $16.8 million and Free Cash Flow 1 of $14.6 million. Full Year 2025 Highlights: • Generated revenue of $896.5 million, a 5.2% increase compared to 2024. • Grew gross margin to $231.7 million. • Reported 2025 net loss of $49.2 million, inclusive of a $13.1 million loss on debt extinguishment”

TEAM INC reported the fourth quarter ended December 31, 2025 results: revenue $224.8 million, net income Net loss of $3.8 million.

“today reported its financial results for the fourth quarter and full year ended December 31, 2025. Fourth Quarter 2025 Highlights: • Generated fourth quarter 2025 revenues of $224.8 million, an increase of 5.4% over the 2024 period. • Grew gross margin to $58.3 million. • Reported a net loss of $3.8 million, an improvement of $3.4 million from the 2024 period. •”

TEAM INC issued 75,000 shares of Series B Preferred Stock, plus initial warrants for 982,371 and 470,889 shares of common stock of preferred stock to InspectionTech Holdings LP (Stellex) for $75.0 million total consideration.

“B Warrants,” and such Tranche B Warrants, the “Initial Tranche B Warrants” and, together with the Initial Tranche A Warrants, the “Initial Warrants”), for total consideration of $75.0 million. The closing of the payment and the issuance of the Initial Preferred Shares and the Initial Warrants (the “Initial Equity Issuance”) occurred simultaneously with the signing of”

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.”

TEAM INC incurred term loan of $107,413,198.18 second lien term loan with Corre Partners Management, LLC.

“Available funding commitments to the Company under the Second A&R Second Lien Term Loan Agreement, subject to certain conditions, include a $107,413,198.18 second lien term loan (the "Second Lien Term Loans") provided by Corre Partners Management, LLC and certain of its affiliates”

TEAM INC incurred term loan of $225 million senior secured first lien term loan with HPS Investment Partners, LLC at Secured Overnight Financing Rate ... plus a margin of 6.50% per annum maturing March 12, 2030.

“Available funding commitments to the Company under the First Lien Term Loan Agreement include a $225 million senior secured first lien term loan (the "First Lien Term Loan") consisting of a $175 million initial term loan tranche (the "Initial First Lien Term Loans") and a $50 million delayed draw term loan tranche (the "First Lien Delayed Draw Term Loans")”

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”

TEAM INC reported the third quarter ended September 30, 2023 results: revenue $206.7 million, net income $12.1 million.

“Team, Inc. (NYSE: TISI) (“TEAM” or the “Company”), a global, leading provider of specialty industrial services offering clients access to a full suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services, today reported its financial results for the third quarter ended September 30, 2023. Third Quarter 2023 Highlights 1 : • Reported total revenues of $206.7 million. • Grew gross margin to 25.5% of revenue or $52.8 million. • Decreased net loss from continuing operations to $12.1 million, a 54.4% improvement over the 2022 third quarter net loss from continuing operations of $26.6 million.”

TEAM INC amended credit facility of $123,129,318.84 at 12%, paid-in-kind maturing December 31, 2027.

“As of the closing date of the A&R Term Loan Credit Agreement (the “Closing Date”), the aggregate principal amount of the Uptiered Loan is $123,129,318.84.”

TEAM INC amended credit facility of $57.5 million senior secured first lien term loan with Cantor Fitzgerald Securities at 12%, in cash maturing December 31, 2026.

“Available funding commitments to the Company under the A&R Term Loan Credit Agreement, subject to certain conditions, include a $57.5 million senior secured first lien term loan (the “Incremental Term Loan”) provided by Corre Partners Management, LLC (“Corre” or the “Investor Representative”) and certain of its affiliates, consisting of a $37.5 million term loan tranche and a $20.0 million delayed draw term loan tranche.”

TEAM INC amended A&R Term Loan Credit Agreement with Corre Partners Management, LLC (effective 2023-06-16).

“On June 16, 2023, Team, Inc. (the “Company”), entered into an amendment and restatement of that certain subordinated term loan credit agreement dated as of November 9, 2021 (as amended and restated, the “A&R Term Loan Credit Agreement”) among the Company, as borrower, the guarantors party thereto, the lenders from time to time party thereto and Cantor Fitzgerald Securities, as agent (the “A&R Term Loan Agent”).”

TEAM INC shareholders approved Ratification of the Appointment of KPMG LLP as the Company’s Independent Registered Public Accounting Firm for the Fiscal Year ending December 31, 2023 at the 2023-05-11 meeting.

“Proposal Four: Ratification of the Appointment of KPMG LLP as the Company’s Independent Registered Public Accounting Firm for the Fiscal Year ending December 31, 2023 The Company’s shareholders ratified the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023. Votes For Votes Against Abstentions 2,950,823 9,785 38,066”

TEAM INC shareholders approved Advisory Vote on Say-on-Pay Frequency at the 2023-05-11 meeting.

“Proposal Three: Advisory Vote on Say-on-Pay Frequency The Company’s shareholders voted for the frequency of the advisory approval of the compensation of our named executives to be every one year. In accordance with the Board’s recommendation and in light of such vote, the Company determined that the advisory vote to approve the compensation of our named executive officers will be held every one year until the next required vote on the frequency of the advisory approval of the compensation of our named executives. 1 Year 2 Year 3 Year Abstentions Broker Non-Vote 2,121,362 11,269 8,877 5,975 851,191”

TEAM INC shareholders approved Advisory Vote on Named Executive Officer Compensation at the 2023-05-11 meeting.

“Proposal Two: Advisory Vote on Named Executive Officer Compensation The Company’s shareholders approved, on an advisory basis, named executive officer compensation for fiscal year 2023. Votes For Votes Against Abstentions Broker Non-Vote 2,019,276 126,522 1,685 851,191”

TEAM INC shareholders approved Election of Directors at the 2023-05-11 meeting.

“Proposal One: Election of Directors The Company’s shareholders elected two Class I directors to the Board of Directors of the Company (the “Board”) to each serve for a three-year term expiring at the 2026 Annual Meeting of Shareholders or until their successors are duly elected and qualified Nominee Votes For Withheld Broker Non-Vote Anthony R. Horton 2,076,757 70,726 851,191 Evan S. Lederman 2,068,294 79,189 851,191”

TEAM INC reported first quarter ended March 31, 2023 results: revenue $202.3 million, net income net loss of $24.7 million.

“First Quarter 2023 Highlights 1 : • Increased first quarter 2023 revenues to $202.3 million, up $13.2 million or 7% over the 2022 first quarter, and up nearly 9% after adjusting for unfavorable foreign currency exchange movement. • Improved first quarter 2023 gross margin by 14% to 23.2% of revenue, up 150 basis points from the first quarter of 2022. • Reported first quarter 2023 net loss of $24.7 million, an improvement of $13.6 million over the $38.3 million net loss in the first quarter of 2022. • Grew consolidated Adjusted EBITDA to $4.2 million, up $10.6 million from the first quarter of 2022 2 . • Reduced ongoing cash selling, general and administrative expense by $5.1 million over the 2022 period, or roughly $20 million on an annualized basis.”

TEAM INC reported the fourth quarter and the year ended December 31, 2022 results: revenue $211.3 million, net income net loss from continuing operations of $56.9 million, EPS $13.15 loss per share.

“today reported its financial results for the fourth quarter and full year ended December 31, 2022. Fourth Quarter 2022 Highlights 1 : • Increased fourth quarter 2022 revenues to $211.3 million, up $8 million over the 2021 fourth quarter. • Improved fourth quarter 2022 gross margin by 270 basis points to 24.8% of revenue, up from 22.1% in the 2021 fourth quarter. •”

Keith D. Tucker was appointed as Chief Executive Officer at TEAM INC.

“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.”

TEAM INC amended Amendment No. 11 (the “Subordinated Term Loan Amendment No. 11”) with Cantor Fitzgerald Securities, as agent (effective 2022-11-21).

“On November 21, 2022, Team, Inc. (the “Company”) entered into Amendment No. 11 (the “Subordinated Term Loan Amendment No. 11”) to that certain Unsecured Term Loan Credit Agreement, dated as of November 9, 2021 (as amended on November 30, 2021, December 6, 2021, December 7, 2021, December 8, 2021, February 11, 2022, May 6, 2022, June 28, 2022, October 4, 2022, November 1, 2022, and November 4, 2022 and as further amended from time to time, the “Subordinated Term Loan Credit Agreement”), among the Company, as borrower, the lenders from time to time party thereto and Cantor Fitzgerald Securities, as agent.”

TEAM INC amended Subordinated Term Loan Amendment No. 10 with Cantor Fitzgerald Securities valued at Amendment No. 10 to Unsecured Term Loan Credit Agreement providing relief from maximum net leverage (effective 2022-11-04).

“On November 4, 2022, the Company also entered into Amendment No. 10 (the “Subordinated Term Loan Amendment No. 10”) to that certain Unsecured Term Loan Credit Agreement, dated as of November 9, 2021 (as amended on November 30, 2021, December 6, 2021, December 7, 2021, December 8, 2021, February 11, 2022, May 6, 2022, June 28, 2022, October 4, 2022, and November 1, 2022, and as further amended from time to time, the “Subordinated Term Loan Credit Agreement”) among the Company, as borrower, the lenders from time to time party thereto and Cantor Fitzgerald Securities, as agent.”

TEAM INC amended Term Loan Amendment No. 9 with Atlantic Park Strategic Capital Fund, L.P. valued at Amendment No. 9 to Term Loan Credit Agreement providing relief from maximum net leverage ratio coven (effective 2022-11-04).

“On November 4, 2022, we entered into Amendment No. 9 to the Term Loan Credit Agreement (“Term Loan Amendment No. 9”), which amended the financial covenant under the Term Loan Credit Agreement to provide relief from the maximum net leverage ratio covenant thereunder such that it is not tested until the fiscal quarter ending June 30, 2023 and for each fiscal quarter thereafter at 7.00 to 1.00.”

TEAM INC reported third quarter ended September 30, 2022 results: revenue $218.3 million, net income $26.6 million, EPS $0.62 loss per share.

“the sale, the operating results of Quest Integrity have been reclassified to discontinued operations for periods presented. • Increased third quarter 2022 revenues by 10% to $218.3 million compared to the third quarter of 2021. • Grew gross margin by 26% to $56.0 million (25.7% of revenues), from $44.5 million (22.5% of revenues) in the third quarter of 2021. •”

TEAM INC shareholders approved Amendment to Amended and Restated Certificate of Incorporation to increase authorized shares of Common Stock from 60,000,000 to 120,000,000 at the 2022-11-08 meeting.

“The Company’s shareholders approved an amendment to the Company’s Amended and Restated Certificate of Incorporation to effect an increase in the total number of authorized shares Common Stock from 60,000,000 shares to 120,000,000 shares of Common Stock , by the following vote: Votes For Votes Against Abstentions 29,340,591 1,726,471 98,152”

TEAM INC completed a disposition involving Baker Hughes Holdings LLC for $279.0 million dollars (closed 2022-11-01).

“On November 1, 2022, the Company completed the sale of all of the issued and outstanding equity interests of our wholly-owned subsidiary, TQ Acquisition Inc., a Texas corporation (“TQ Acquisition”), to Baker Hughes Holdings LLC (“Baker Hughes”) for an aggregate purchase price of $279.0 million dollars, reflecting certain estimated post-closing adjustments (the “Quest Integrity Transaction”), pursuant to that certain Equity Purchase Agreement by and among us and Baker Hughes, dated as of August 14, 2022 (the “Sale Agreement”).”

TEAM INC entered into Board Rights Agreement with Atlantic Park Strategic Capital Fund, L.P. (effective 2022-11-01).

“On November 1, 2022, we entered into the Board Rights Agreement (the “Board Rights Agreement”) with APSC (the “Investor Representative”)”

TEAM INC amended Subordinated Term Loan Amendment No. 9 with Cantor Fitzgerald Securities (effective 2022-11-01).

“On November 1, 2022, the Company entered into Amendment No. 9 (the “Subordinated Term Loan Amendment No. 9”) to that certain Unsecured Term Loan Credit Agreement”

TEAM INC amended Term Loan Amendment No. 8 with Atlantic Park Strategic Capital Fund, L.P. (effective 2022-11-01).

“on November 1, 2022, the Company, the guarantors party thereto, the lenders party thereto and APSC, as agent for the lenders and secured parties, entered into Amendment No. 8 to the Term Loan Credit Agreement”

TEAM INC amended ABL Credit Agreement Amendment No. 2 with Eclipse Business Capital, LLC (effective 2022-11-01).

“on November 1, 2022, the Company, the guarantors party thereto, the lender parties thereto and Eclipse, as agent, entered into Amendment No. 2 to the ABL Credit Agreement”

TEAM INC received a nyse deficiency notice notice regarding minimum bid price (rules 802.01C).

“November 2, 2022, the Company was notified by the New York Stock Exchange (the “NYSE”) that the average closing price of the Common Stock, over a prior 30 consecutive trading day period was below $1.00 per share, which is the minimum average closing price per share required to maintain listing on the NYSE under Section 802.01C of the NYSE Listed Company Manual. As required by the NYSE, the Company intends to respond to the NYSE within ten business days with respect to its intent to cure the deficiency. The Company has a period of six months following the receipt of the notice to regain complia”

Robert Young resigned as President, Asset Integrity & Digital Group at TEAM INC.

“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.”

TEAM INC shareholders approved Adjournment Proposal at the 2022-11-02 meeting.

“Proposal Four: Adjournment Proposal The Company’s shareholders approved an adjournment of the Special Meeting, if necessary or appropriate, to solicit additional proxies if there are insufficient votes to approve Proposal One, Proposal Two or Proposal Three at the time of the Special Meeting, by the following vote: Votes For Votes Against Abstentions Broker Non-Vote 21,742,260 1,938,093 79,556 6,547,689”

TEAM INC shareholders rejected Exculpation provision proposal at the 2022-11-02 meeting.

“Proposal Three: Exculpation provision proposal The Company’s shareholders failed to approve an amendment to the Company’s Amended and Restated Certificate of Incorporation to update the exculpation provision, by the following vote: Votes For Votes Against Abstentions Broker Non-Vote 22,081,328 1,618,829 59,752 6,547,689”

TEAM INC shareholders approved Reverse stock split and authorized share decrease proposal at the 2022-11-02 meeting.

“Proposal Two: Reverse stock split and authorized share decrease proposal The Company’s shareholders approved an amendment to the Company’s Amended and Restated Certificate of Incorporation to effect, at the discretion of the Company’s Board of Directors, a reverse stock split of the issued and outstanding shares of Common Stock, which would combine a whole number of outstanding shares of the Common Stock in a range of not less than one-for-six (1:6) shares and not more than one-for-ten (1:10) shares, into one share of Common Stock, and reduce the number of outstanding shares of Common Stock and a corresponding reduction in the total number of authorized shares of Common Stock in proportion to the reduction of the issued shares, by the following vote: Votes For Votes Against Abstentions 28,860,432 1,321,009 126,157”

Sylvia J. Kerrigan resigned as Director at TEAM INC.

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

Nelson M. Haight was appointed as Executive Vice President – Chief Financial Officer at TEAM INC.

“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.”