Welcome to our dedicated page for Team SEC filings (Ticker: TISI), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The SEC filings page for Team, Inc. (NYSE: TISI) brings together the company’s official regulatory disclosures, allowing readers to review how this specialty industrial services provider reports its financial condition, governance decisions, and material events. Team, Inc., headquartered in Sugar Land, Texas, files a range of documents with the U.S. Securities and Exchange Commission that complement its earnings releases and news announcements.
Among the key filings are current reports on Form 8-K, which the company uses to disclose items such as quarterly financial results, changes in its board of directors, shareholder meeting outcomes, and significant financing transactions. Examples include 8-K filings describing the March 2025 refinancing transaction, the June 2025 annual meeting voting results and related charter matters, the September 2025 securities purchase agreement for Series B Preferred Stock and warrants with an affiliate of Stellex Capital Management LLC, and the October 2025 appointments of new directors under a shareholders agreement.
Investors examining Team, Inc.’s filings can also follow how the company reports non-GAAP measures like Adjusted EBITDA and Adjusted EBIT alongside GAAP results, as referenced in earnings-related 8-Ks. Other filings address topics such as amendments to the certificate of incorporation, corrections to previously reported shareholder vote outcomes, and material modifications to the rights of security holders.
On Stock Titan, these SEC documents are supplemented by AI-powered summaries that help explain the context and main points of each filing, while preserving access to the full original text from EDGAR. Users can quickly scan recent 8-Ks and related exhibits, then drill down into details on capital structure changes, governance arrangements, and operational updates disclosed by Team, Inc.
Team Inc director Evan S. Lederman made an open-market purchase of 1,000 shares of common stock at $16.19 per share on March 30, 2026. After this transaction, he directly owned 5,978 shares, indicating a modest increase in his personal stake in the company.
Team Inc director Anthony R. Horton reported buying additional common stock in two March transactions. He purchased 10,000 shares on March 20, 2026 at $14.44 per share and 3,000 shares on March 30, 2026 at $16.19 per share in open‑market trades.
Following these buys, he directly owns 22,082 shares of Team Inc common stock.
TEAM INC director Edward J. Stenger reported open-market purchases of 5,000 shares of common stock across two days. He bought 1,417 shares at a weighted average price of $15.21 per share on March 23 and 3,583 shares at $16.31 per share on March 24. Following these transactions, he directly owns 14,890 TEAM INC shares. Footnotes state each day’s price is a weighted average for multiple trades within intraday ranges.
Team, Inc. invites shareholders to its 2026 Annual Meeting on May 20, 2026 at 8:00 a.m. Central at the company headquarters. The Record Date for voting is April 1, 2026; 4,571,382 shares of Common Stock were outstanding as of the Record Date.
Shareholders will vote on five proposals including the election of three Class I directors, an advisory say-on-pay vote, ratification of KPMG as auditor, the Stellex Warrant Shares Issuance Proposal related to warrants and preferred-stock financing entered on September 11, 2025, and approval of a 250,000-share increase to the 2018 Equity Incentive Plan. The Stellex proposal seeks NYSE Rule 312.03(c) approval because the number of shares issuable upon exercise of the warrants exceeds 20% of outstanding shares at signing.
Team, Inc. operates as a global provider of specialty industrial services, focusing on inspection, heat-treating and mechanical repair that help large industrial customers keep critical assets safe, reliable and efficient. The company reports two segments: Inspection and Heat-Treating (IHT) and Mechanical Services (MS).
Team serves energy, manufacturing, midstream, infrastructure, and aerospace and defense customers through turnaround, call-out and run-and-maintain work. It emphasizes safety programs, technician training and ESG initiatives, and averaged about 5,300 employees in 2025.
The filing highlights significant leverage and covenant risks tied to multiple credit facilities and Series B Preferred Stock, as well as ownership concentration, intense competition, cyclicality in refinery and petrochemical markets, cybersecurity exposure and evolving ESG and climate-related regulation. In 2025 the company refinanced term loans and raised $75.0 million via Series B Preferred Stock and warrants to support liquidity and debt repayment.
TEAM, Inc. reported modest growth with ongoing losses for 2025. Revenue reached $896.5 million, up 5.2% from 2024, while consolidated Adjusted EBITDA rose 11.9% to $60.7 million or 6.8% of revenue, reflecting cost cuts and better job mix.
The company still recorded a net loss of $49.2 million, including a $13.1 million loss on debt extinguishment, and net loss attributable to common shareholders of $52.7 million or $11.70 per share. Fourth quarter revenue grew 5.4% to $224.8 million and the quarterly net loss improved to $3.8 million.
Liquidity at December 31, 2025 was $77.4 million, with $14.1 million in cash and $63.4 million of undrawn credit, while total debt decreased to $297.2 million from $325.1 million. New CEO Gary Hill emphasized growth, margin improvement and cash generation, but the company will provide 2026 guidance only after first-quarter results.
Barclays PLC has filed an amended beneficial ownership report showing it holds 313,458 shares of INC common stock, representing 6.92% of the class as of December 31, 2025. Barclays has sole voting and dispositive power over these shares and reports holding them in the ordinary course of business, not to influence control of the company.
Team, Inc.39,637 restricted stock units (RSUs), each representing a contingent right to receive one share of TISI common stock, and no shares of common stock outright.
The RSU award of 39,637 units was granted on February 1, 2026. These RSUs vest in three equal installments, with one-third vesting on each of February 1, 2027, February 1, 2028, and February 1, 2029, subject to his continued service through each vesting date.
Team, Inc. detailed the severance and consulting terms for former Chief Executive Officer Keith Tucker following his termination without cause effective January 31, 2026. The company confirms his departure was not due to any disagreement over operations, policies, or practices.
Under a Severance and Consulting Agreement dated February 6, 2026, Mr. Tucker will receive $1,125,000 in severance, paid over 18 months, an additional cash amount equal to the annual bonus he would have earned for the 2025 performance period, and a lump-sum $19,000 for health and welfare benefits. His unvested time-based restricted stock units vest immediately, while performance share units continue to vest based on their terms with any payout prorated to 78%.
After leaving the CEO role, Mr. Tucker will serve as a consultant to Team, Inc. for 12 months for a $375,000 consulting fee. All payments depend on his signing a broad release of claims and complying with non-competition and non-solicitation covenants for 24 months.
Team, Inc. announced a leadership transition, with Chief Executive Officer Keith Tucker departing effective January 31, 2026, and the Board appointing Gary Hill as Chief Executive Officer effective February 1, 2026. The company states that Mr. Tucker’s departure is not due to any disagreement regarding operations, policies, or practices.
Gary Hill, age 60, has over 30 years of industrial services experience, including senior roles at Shermco Industries, AIS Holdings Company LLC, and AZZ Inc. Under a new offer letter, he will receive a $750,000 base salary, be eligible for an annual cash bonus targeted at 100% of base salary with a 200% maximum, and be granted restricted stock units valued at $562,500 and performance stock units valued at $1,312,500, plus relocation and temporary housing support. The company also outlines intended severance protections, including enhanced benefits if terminated following a change in control.