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.
Team, Inc. filings document a specialty industrial services issuer with NYSE-listed common stock and disclosure focused on operating results, governance and capital structure. Form 8-K reports furnish quarterly financial results and describe material events, including executive separation arrangements, board appointments, committee assignments and changes in director compensation.
TEAM’s regulatory record also includes definitive proxy materials covering annual meeting matters, director elections, executive compensation and pay-versus-performance tables. Capital-structure filings describe material definitive agreements, Series B Preferred Stock, warrants to purchase common stock and related shareholder-agreement terms tied to the company’s financing activity.
Team, Inc. announced a chief financial officer transition. Nelson Haight will step down as Executive Vice President and CFO on June 22, 2026, then serve briefly as a special advisor. The company states his departure is not due to any disagreement over operations, policies, or practices.
Under a Severance Agreement, Haight will receive $603,750 over 15 months, a prorated 2026 bonus at target, and a $15,500 lump-sum for healthcare. His unvested time-based restricted stock units will fully vest, while performance share units will continue to vest based on performance with payouts prorated to 92%, subject to a release of claims and 12‑month non‑compete and non‑solicitation covenants.
The Board appointed Clinton Roeder as the new Executive Vice President and CFO effective June 22, 2026. Roeder will receive a $500,000 base salary, eligibility for an annual cash bonus targeted at 75% of base salary, and equity awards valued at about $500,000, split between time‑vested restricted stock units and performance stock units tied to aggregate Adjusted EBITDA through December 31, 2028.
Webster James C. reported acquisition or exercise transactions in this Form 4 filing.
TEAM INC executive James C. Webster, EVP and Chief Legal Officer, received a grant of 5,505 Restricted Stock Units, each tied to one share of common stock. After this award, he holds 11,053 RSUs in total. These units vest in three equal installments on May 31, 2027, May 31, 2028, and May 31, 2029, contingent on continued service.
Team Inc.'s Chief Executive Officer Gary L. Hill bought additional company stock in the open market. On this transaction, he purchased 6,250 shares of Common Stock at $16.00 per share. After the purchase, he directly holds 51,687 shares, indicating a relatively small incremental increase to his existing stake.
Team Inc Chief Executive Officer Gary L. Hill made an open-market purchase of company stock. On this transaction date, he bought 5,800 shares of Team Inc Common Stock at a price of $16.22 per share. Following the purchase, he directly owns 45,437 shares.
TEAM, Inc. reported results of its 2026 Annual Meeting of Shareholders, where investors approved an amendment adding 250,000 shares of common stock to the 2018 Equity Incentive Plan. Shareholders also re-elected three Class I directors to terms expiring at the 2029 meeting.
They gave advisory approval to 2026 named executive officer compensation and ratified KPMG LLP as independent auditor for the year ending December 31, 2026. Shareholders further approved the issuance of common shares underlying certain Stellex warrants pursuant to NYSE Listing Rule 312.03(c), including issuance below the defined Minimum Price down to the Adjustment Floor.
TEAM INC director Evan S. Lederman reported an open-market purchase of Common Stock. He bought 600 shares at $16.31 per share, increasing his direct holdings to 6,578 shares. This filing reflects a small net-buy transaction with no derivative securities reported in this Form 4.
Team, Inc. reported first-quarter 2026 revenue of $215.1 million, up 8.3% from $198.7 million a year earlier, driven by higher turnaround and project work in both Inspection and Heat-Treating (IHT) and Mechanical Services (MS).
Net loss narrowed to $11.3 million from $29.7 million, as operating loss improved to $3.4 million and interest expense declined after a 2025 refinancing. Adjusted EBITDA rose to $7.7 million from $5.3 million, though free cash flow remained negative at -$11.5 million.
Cash and cash equivalents were $12.8 million at March 31, 2026, against total debt and finance obligations of $306.5 million and a shareholders’ deficit of $39.4 million. The company had about $40.5 million of borrowing availability and additional potential liquidity from Series B preferred stock delayed draws.
TEAM, Inc. reported a stronger first quarter of 2026, with revenue rising 8.3% to $215.1 million, driven by growth in both Inspection & Heat-Treating and Mechanical Services. Gross margin increased to $50.2 million, or 23.3% of revenue.
The company still posted a net loss of $11.3 million, but this was a substantial improvement from a $29.7 million loss a year earlier. Net loss attributable to common shareholders was $14.2 million, or $3.12 per share, helped by lower interest expense and the absence of prior-year debt extinguishment charges.
Adjusted EBITDA rose 45.2% to $7.7 million (3.6% margin), while adjusted SG&A fell to 21.2% of revenue. Liquidity at March 31, 2026 totaled $49.2 million, and total debt was $306.5 million, resulting in net debt of $293.7 million. For 2026, management guides to revenue of $920–$945 million, gross margin of $240–$260 million, and Adjusted EBITDA of $68–$73 million, implying mid‑single‑digit revenue growth and mid‑teens Adjusted EBITDA growth versus 2025.
Team, Inc. is asking shareholders at its May 20, 2026 annual meeting to vote on five key items, including electing three Class I directors and an advisory approval of named executive officer pay. Shareholders are also asked to ratify KPMG LLP as auditor for 2026.
A major proposal seeks approval of the Stellex Warrant Shares Issuance Proposal, tied to a September 2025 financing in which Stellex received Series B Preferred Stock and long‑dated warrants that can adjust in price under anti‑dilution provisions, subject to NYSE shareholder‑approval rules. Failure to approve would increase the Series B Preferred return rate by 1 percentage point.
The company further requests approval of an amendment to its 2018 Equity Incentive Plan to add 250,000 shares for future equity awards, citing equity compensation as a core tool for retaining executives and aligning them with shareholders. As of April 1, 2026, 4,571,382 common shares were outstanding, with an average three‑year equity burn rate of 5.48% and total overhang projected at 16.4% if the amendment is approved.
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.