TISI / Team, Inc. - Pengajuan SECLaporan Tahunan, Pernyataan Proksi

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): August 12, 2025 TEAM, Inc. (Exact

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): August 12, 2025 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Number)

Management’s Discussion and Analysis of Financial Condition and Results of Operations

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001

TEAM, INC. REPORTS SECOND QUARTER 2025 RESULTS

Exhibit 99.1 NEWS RELEASE FOR IMMEDIATE RELEASE TEAM, INC. REPORTS SECOND QUARTER 2025 RESULTS SUGAR LAND, Texas, August 12, 2025 – Team, Inc. (NYSE: TISI) (“TEAM” or the “Company”), a global, leading provider of specialty industrial services offering customers access to a full suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services, today reported it

Material Modification to Rights of Security Holders

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K/A CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): June 18, 2025 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Number)

Certificate of Correction to the Certificate of Amendment of Amended and Restated Certificate of Incorporation of Team, Inc.

Exhibit 3.1 STATE OF DELAWARE CERTIFICATE OF CORRECTION TO THE CERTIFICATE OF AMENDMENT OF TEAM, INC. * * * * * FIRST: The name of the corporation is Team, Inc. (the “Corporation”). SECOND: That a Certificate of Amendment (the “Amendment”) was filed by the Secretary of State of Delaware on June 18, 2025, and that said Amendment requires correction as permitted by Section 103 of the General Corpora

Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year, Material Modification to Rights of Security Holders, Submission of Matters to a Vote of Security Holders

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): June 18, 2025 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Number) (

Certificate of Amendment of Amended and Restated Certificate of Incorporation of Team, Inc.

CERTIFICATE OF AMENDMENT OF AMENDED AND RESTATED CERTIFICATE OF INCORPORATION OF TEAM, INC.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 11-K

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 11-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-08604 A. Full tit

TEAM, INC. REPORTS FIRST QUARTER 2025 RESULTS

Exhibit 99.1 NEWS RELEASE FOR IMMEDIATE RELEASE TEAM, INC. REPORTS FIRST QUARTER 2025 RESULTS SUGAR LAND, TX – May 12, 2025 – Team, Inc. (NYSE: TISI) (“TEAM” or the “Company”), a global, leading provider of specialty industrial services offering customers access to a full suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services, today reported its fina

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): May 12, 2025 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Number) (I

Management’s Discussion and Analysis of Financial Condition and Results of Operations

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 00

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 14A Information Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 14A Information Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.) Filed by the Registrant þ Filed by a party other than the Registrant ¨ Check the appropriate box: ¨ Preliminary Proxy Statement ¨ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 14A Information Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 14A Information Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.) Filed by the Registrant þ Filed by a party other than the Registrant ¨ Check the appropriate box: þ Preliminary Proxy Statement ¨ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K/A (Amendment No. 1) CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): March 19, 2025 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Comm

TEAM, INC. REPORTS FOURTH QUARTER AND FULL YEAR 2024 RESULTS

Exhibit 99.1 NEWS RELEASE FOR IMMEDIATE RELEASE TEAM, INC. REPORTS FOURTH QUARTER AND FULL YEAR 2024 RESULTS SUGAR LAND, TX – March 19, 2025 – Team, Inc. (NYSE: TISI) (“TEAM” or the “Company”), a global leading provider of specialty industrial services offering customers access to a full suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services, today r

Subsidiaries of Team, Inc.

Exhibit 21 SUBSIDIARIES OF REGISTRANT COMPANY JURISDICTION / STATE OF INCORPORATION Team, Inc.

Team, Inc. Insider Trading Policy.

Team, Inc. Insider Trading Policy (November 2020) This Insider Trading Policy (the “Policy”) provides guidelines to employees, officers and directors of, and consultants and contractors to Team, Inc. and Team Industrial Services, Inc., including without limitation all of their subsidiary and affiliated companies (the "Company" or “TEAM”), with respect to transactions in TEAM securities. Please rea

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): March 19, 2025 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Number)

TEAM, INC. REPORTS FOURTH QUARTER AND FULL YEAR 2024 RESULTS

Exhibit 99.1 NEWS RELEASE FOR IMMEDIATE RELEASE TEAM, INC. REPORTS FOURTH QUARTER AND FULL YEAR 2024 RESULTS SUGAR LAND, TX – March 19, 2025 – Team, Inc. (NYSE: TISI) (“TEAM” or the “Company”), a global leading provider of specialty industrial services offering customers access to a full suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services, today r

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K

Table of Content UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-08604 TEAM, INC

, 2025, by and among Team, Inc., as Borrower, the lenders party thereto, the guarantors party thereto and Cantor Fitzgerald Securities, as Agent

Exhibit 10.2 Execution Version SECOND AMENDED AND RESTATED SECOND LIEN TERM LOAN CREDIT AGREEMENT among TEAM, INC., as the Borrower, THE LENDERS FROM TIME TO TIME PARTY HERETO, and CANTOR FITZGERALD SECURITIES, as the Agent Dated as of March 12, 2025 TABLE OF CONTENTS ARTICLE I. DEFINITIONS 1 1.1 Definitions 1 1.2 Accounting Terms and Determinations 56 1.3 Divisions 57 1.4 Other Terms; Headings 58

, 2025, among Team, Inc., as Borrower, the lenders from time to time party thereto, the guarantors party thereto and Eclipse Business Capital LLC. as Agent

Exhibit 10.3 Execution Version AMENDMENT NO. 6 TO CREDIT AGREEMENT This AMENDMENT NO. 6 TO CREDIT AGREEMENT (this “Amendment”), dated as of March 12, 2025, is among TEAM, INC., a Delaware corporation (the “Borrower Agent”), the Guarantors party hereto, each of the Lenders party hereto and ECLIPSE BUSINESS CAPITAL LLC, acting not individually but as agent on behalf of, and for the benefit of, the L

, 2025, by and among Team, Inc., as Borrower, the lenders party thereto, the guarantors party thereto and HPS Investment Partners, LLC, as Agent

Exhibit 10.1 Execution Version FIRST LIEN TERM LOAN CREDIT AGREEMENT among TEAM, INC. as the Borrower, THE LENDERS FROM TIME TO TIME PARTY HERETO, and HPS INVESTMENT PARTNERS, LLC, as the Agent Dated as of March 12, 2025 TABLE OF CONTENTS ARTICLE I. DEFINITIONS 1 1.1 Definitions 1 1.2 Accounting Terms and Determinations 64 1.3 Divisions 65 1.4 Other Terms; Headings 65 1.5 Dutch Terms 67 1.6 Quebec

Regulation FD Disclosure, Entry into a Material Definitive Agreement

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): March 12, 2025 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Number)

TEAM, INC. ANNOUNCES REFINANCING TRANSACTION Lowers Cost of Capital and Terms Out Maturities

Exhibit 99.1   NEWS RELEASE FOR IMMEDIATE RELEASE TEAM, INC. ANNOUNCES REFINANCING TRANSACTION Lowers Cost of Capital and Terms Out Maturities SUGAR LAND, TX – March 13, 2025 – 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,

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): January 10, 2025 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Number

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): November 11, 2024 TEAM, Inc. (Exa

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): November 11, 2024 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Numbe

TEAM, INC. REPORTS THIRD QUARTER 2024 RESULTS

Exhibit 99.1 NEWS RELEASE FOR IMMEDIATE RELEASE TEAM, INC. REPORTS THIRD QUARTER 2024 RESULTS SUGAR LAND, TX – November 11, 2024 – 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 f

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file numbe

Amended and Restated Substitute Insurance Reimbursement Facility Agreement, dated as of September 16,

AMENDED AND RESTATED SUBSTITUTE INSURANCE REIMBURSEMENT FACILITY AGREEMENT This Amended and Restated Substitute Insurance Reimbursement Facility Agreement (the “Agreement”) is entered into and effective as of September 16, 2024 (the “Effective Date”) by and between 1970 Group, Inc.

Regulation FD Disclosure, Entry into a Material Definitive Agreement, Financial Statements and Exhibits, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): September 30, 2024 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Numb

Amendment No. 2 to Amended and Restated Term Loan Credit Agreement, dated as of September 30, 2024, by and among Team, Inc., as Borrower, the lenders party thereto, the guarantors party thereto and Cantor

Execution Version AMENDMENT NO. 2 TO AMENDED AND RESTATED TERM LOAN CREDIT AGREEMENT This AMENDMENT NO. 2 TO AMENDED AND RESTATED TERM LOAN CREDIT AGREEMENT (this “Amendment”), dated as of September 30, 2024, is among TEAM, INC., a Delaware corporation (the “Borrower”), the Guarantors party hereto, each of the Lenders party hereto and CANTOR FITZGERALD SECURITIES, acting not individually but as ag

Amendment No. 5 to Credit Agreement, dated as of September 30, 2024, among Team, Inc., as Borrower, the lenders from time to time party thereto, the guarantors party thereto and Eclipse Business Capital LLC. as

Execution Copy AMENDMENT NO. 5 TO CREDIT AGREEMENT This AMENDMENT NO. 5 TO CREDIT AGREEMENT (this “Amendment”), dated as of September 30, 2024, is among TEAM, INC., a Delaware corporation (the “Borrower Agent”), the Guarantors party hereto, each of the Lenders party hereto and ECLIPSE BUSINESS CAPITAL LLC, acting not individually but as agent on behalf of, and for the benefit of, the Lenders and a

TEAM, INC. ANNOUNCES AMENDMENT AND MATURITY EXTENSION OF ITS ABL CREDIT FACILITY Amendment Provides Additional Liquidity and Improved Pricing

NEWS RELEASE FOR IMMEDIATE RELEASE TEAM, INC. ANNOUNCES AMENDMENT AND MATURITY EXTENSION OF ITS ABL CREDIT FACILITY Amendment Provides Additional Liquidity and Improved Pricing SUGAR LAND, TX – September 30, 2024 – 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

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001

TEAM, INC. REPORTS SECOND QUARTER 2024 RESULTS

Exhibit 99.1 NEWS RELEASE FOR IMMEDIATE RELEASE TEAM, INC. REPORTS SECOND QUARTER 2024 RESULTS SUGAR LAND, TX – August 8, 2024 – 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 fin

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): August 8, 2024 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Number)

Team, Inc. Second Amended and Restated 2018 Equity Incentive Plan.

Team, Inc. Second Amended and Restated 2018 Equity Incentive Plan 1.PURPOSE This Plan is intended to foster and promote the long-term financial success of Team, Inc. and its Affiliates (the “Company Group”); to reward performance and to increase stockholder value by providing Participants appropriate incentives and rewards; to enable the Company Group to attract and retain the services of outstand

As filed with the Securities and Exchange Commission on August 8, 2024

As filed with the Securities and Exchange Commission on August 8, 2024 Registration No.

Filing Fee Table.

Exhibit 107 Calculation of Filing Fee Tables Form S-8 (Form Type) Team, Inc. (Exact Name of Registrant as Specified in its Charter) Table 1: Newly Registered Securities Security Type Security Class Title Fee Calculation Rule Amount Registered Proposed Maximum Offering Price Per Unit Maximum Aggregate Offering Price Fee Rate Amount of Registration Fee Equity Common Stock, $0.30 par value Other(1) 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 11-K

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 11-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-08604 A. Full tit

Submission of Matters to a Vote of Security Holders

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): May 22, 2024 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Number) (I

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): May 21, 2024 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Number) (I

TEAM, INC. SHOWCASES STRATEGIC VISION WITH NEW INVESTOR PRESENTATION AND RECORDING

NEWS RELEASE FOR IMMEDIATE RELEASE TEAM, INC. SHOWCASES STRATEGIC VISION WITH NEW INVESTOR PRESENTATION AND RECORDING SUGAR LAND, TX – May 21, 2024 – 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, t

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 00

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): May 14, 2024 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Number) (I

TEAM, INC. REPORTS FIRST QUARTER 2024 RESULTS

Exhibit 99.1 NEWS RELEASE FOR IMMEDIATE RELEASE TEAM, INC. REPORTS FIRST QUARTER 2024 RESULTS SUGAR LAND, TX – May 14, 2024 – 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 financ

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 14A Information Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 14A Information Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.) Filed by the Registrant þ Filed by a party other than the Registrant ¨ Check the appropriate box: ¨ Preliminary Proxy Statement ¨ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): April 3, 2024 TEAM, Inc. (Exact N

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): April 3, 2024 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Number) (

TEAM, INC. APPOINTS PAMELA J. MCGINNIS TO ITS BOARD OF DIRECTORS

NEWS RELEASE TEAM, INC. APPOINTS PAMELA J. MCGINNIS TO ITS BOARD OF DIRECTORS SUGAR LAND, TX – April 8, 2024 – 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 announced the appointment of Pamel

TISI / Team, Inc. / CORRE HORIZON FUND, LP - SCHEDULE 13D/A, AMENDMENT #8 Activist Investment

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13D THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No.

March 26, 2024

EX-99.1 2 c72623136b.htm EXHIBIT A - JOINT FILING AGREEMENT Exhibit A AGREEMENT The undersigned agree that this Schedule 13D, dated March 22, 2024, relating to the common stock, $0.30 par value, of Team, Inc. shall be filed on behalf of the undersigned. March 26, 2024 (Date) Corre Opportunities Qualified Master Fund, LP* By: Corre Partners Advisors, LLC, its general partner By: /s/ John Barrett Na

TEAM, INC. RECEIVES CONTINUED LISTING STANDARD NOTICE FROM NYSE

Exhibit 99.1 NEWS RELEASE FOR IMMEDIATE RELEASE TEAM, INC. RECEIVES CONTINUED LISTING STANDARD NOTICE FROM NYSE SUGAR LAND, Texas, March 15, 2024 (GLOBE NEWSWIRE) - Team, Inc. (NYSE: TISI) ("TEAM" or the "Company") today announced that on March 14, 2024, it received notice (the "Notice") from the New York Stock Exchange (“NYSE”) that it is not in compliance with the NYSE continued listing standard

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): March 14, 2024 TEAM, Inc. (Exact

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): March 14, 2024 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Number)

Certificate of Amendment of Amended and Restated Certificate of Incorporation of Team, Inc., dated October 24, 2013 (filed as Exhibit 3.2 to Team, Inc.’s Annual Report on Form 10-K (File No. 001-08604) filed on March 7, 2024, incorporated herein by reference).

CERTIFICATE OF AMENDMENT OF AMENDED AND RESTATED CERTIFICATE OF INCORPORATION OF TEAM, INC.

Form of Executive Restricted Stock Unit Award Agreement under the Team, Inc. 2018 Equity Incentive Plan.

TEAM, INC. NOTICE OF GRANT for Stock Units awarded under the Team, Inc. 2018 Equity Incentive Plan Team, Inc. (the “Company”) has granted to Participant (as designated below) a long-term incentive award pursuant to the Team, Inc. 2018 Equity Incentive Plan (as amended and/or restated, the “Plan”) and subject to the additional terms and conditions provided under the Team, Inc. Stock Unit Award Agre

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): March 7, 2024 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Number) (

Team, Inc. Compensation Recovery Policy.

CLAWBACK POLICY TEAM, INC. PURPOSE Team, Inc. (the “Company”) believes that it is in the best interests of the Company and its shareholders to create and maintain a culture that emphasizes integrity and accountability and that reinforces the Company’s pay-for-performance compensation philosophy. The Company’s Board of Directors (the “Board”) has therefore adopted this policy, which provides for th

First Amendment to Substitute Insurance Reimbursement Facility Agreement dated as of August 29, 2023 by and between 1970 Group, Inc. and Team, Inc.

FIRST AMENDMENT TO SUBSTITUTE INSURANCE REIMBURSEMENT FACILITY AGREEMENT This First Amendment to Substitute Insurance Reimbursement Facility Agreement (“the First Amendment”), effective as of August 29, 2023 (the First Amendment Effective Date), amends, supplements and extends the Substitute Insurance Reimbursement Facility Agreement (the “Agreement” attached hereto as Exhibit A), that was effective as of September 29, 2022 by and between 1970 Group, Inc.

Compensation Letter by and between Team, Inc. and Keith D. Tucker.

Personal and Confidential Date: November 6, 2023 To: Keith D. Tucker From: Michael J. Caliel, Executive Chairman Subject: October 2023 Compensation Adjustment Dear Keith, Thank you for your continued contributions to TEAM, Inc. (the “Company”). On behalf of the Board of Directors of the Company, I am pleased to confirm an increase in your annual base salary and a grant of a multi-year long-term in

Form of Performance Unit Award Agreement under the Team, Inc. 2018 Equity Incentive Plan.

TEAM, INC. PERFORMANCE UNIT AWARD AGREEMENT for Stock Units awarded under the Team, Inc. 2018 Equity Incentive Plan This Performance Unit Award Agreement (this “Agreement”) is made and entered into as of November 6, 2023 (the “Grant Date”) by and between Team, Inc., a Delaware corporation (the “Company”) and (the “Grantee”). Capitalized terms not otherwise defined herein shall have the meanings as

TEAM, INC. REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS

Exhibit 99.1 NEWS RELEASE FOR IMMEDIATE RELEASE TEAM, INC. REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS SUGAR LAND, TX – March 7, 2024 – 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 rep

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K

Table of Content UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-08604 TEAM, INC

Subsidiaries of Team, Inc.

Exhibit 21 SUBSIDIARIES OF REGISTRANT COMPANY JURISDICTION / STATE OF INCORPORATION Team, Inc.

, 2024, by and among Team, Inc., as Borrower, the lenders party thereto,

Execution Version AMENDMENT NO. 1, LIMITED WAIVER AND CONSENT TO AMENDED AND RESTATED TERM LOAN CREDIT AGREEMENT This AMENDMENT NO. 1, LIMITED WAIVER AND CONSENT TO AMENDED AND RESTATED TERM LOAN CREDIT AGREEMENT (this “Amendment”), dated as of March 6, 2024, is among TEAM, INC., a Delaware corporation (the “Borrower”), the Guarantors party hereto, each of the Lenders party hereto and CANTOR FITZG

Amendment No. 4 to Credit Agreement, dated as of March 6, 2024, among Team, Inc., as Borrower, the lenders from time to time party thereto, the guarantors party thereto and Eclipse Business Capital LLC. as Agent (filed as Exhibit 10.21 to Team, Inc.’s Annual Report on Form 10-K (File No. 001-08604) filed on March 7, 2024, incorporated by reference herein).

Execution Version AMENDMENT NO. 4, LIMITED WAIVER AND CONSENT TO CREDIT AGREEMENT This AMENDMENT NO. 4 TO CREDIT AGREEMENT (this “Amendment”), dated as of March 6, 2024, is among TEAM, INC., a Delaware corporation (the “Borrower Agent”), the Guarantors party hereto, each of the Lenders party hereto and ECLIPSE BUSINESS CAPITAL LLC, acting not individually but as agent on behalf of, and for the ben

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): November 9, 2023 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Number

TEAM, INC. REPORTS THIRD QUARTER 2023 RESULTS

Exhibit 99.1 NEWS RELEASE FOR IMMEDIATE RELEASE TEAM, INC. REPORTS THIRD QUARTER 2023 RESULTS SUGAR LAND, TX – November 9, 2023 – 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 fi

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file numbe

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q/A (Amendment No. 1)

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q/A (Amendment No. 1) (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commis

Certificate of Amendment to Amended and Restated Certificate of Incorporation of Team, Inc., dated November 28, 2022.

CERTIFICATE OF AMENDMENT OF AMENDED AND RESTATED CERTIFICATE OF INCORPORATION OF TEAM, INC.

TEAM, INC. NAMES MICHAEL J. CALIEL AS EXECUTIVE CHAIRMAN

NEWS RELEASE TEAM, INC. NAMES MICHAEL J. CALIEL AS EXECUTIVE CHAIRMAN SUGAR LAND, TX – November 7, 2023 – 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, announced today that the Board of Directors h

Regulation FD Disclosure, Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): November 6, 2023 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Number

TEAM, INC. REPORTS SECOND QUARTER 2023 RESULTS Second Quarter 2023 Revenue Increased $18.0 million or 8.1% Over Second Quarter 2022 Gross Margin Improved by 190 basis points Over Second Quarter 2022

Exhibit 99.1 NEWS RELEASE FOR IMMEDIATE RELEASE TEAM, INC. REPORTS SECOND QUARTER 2023 RESULTS Second Quarter 2023 Revenue Increased $18.0 million or 8.1% Over Second Quarter 2022 Gross Margin Improved by 190 basis points Over Second Quarter 2022 SUGAR LAND, TX – August 10, 2023 – Team, Inc. (NYSE: TISI) (“TEAM” or the “Company”), a global, leading provider of specialty industrial services offerin

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): August 10, 2023 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Number)

Certificate of Amendment to Amended and Restated Certificate of Incorporation of Team, Inc., dated November 28, 2022.

CERTIFICATE OF AMENDMENT OF AMENDED AND RESTATED CERTIFICATE OF INCORPORATION OF TEAM, INC.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001

Statement of Changes in Net Assets Available for Benefits – Year Ended December 31, 2022

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 11-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR o TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-08604 A. Full tit

TISI / Team, Inc. / CORRE HORIZON FUND, LP - SCHEDULE 13D (AMENDMENT NO. 7) Activist Investment

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13D THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No.

TEAM, INC. ANNOUNCES SUCCESSFUL CLOSING OF REFINANCING Simplifies Capital Structure and Extends Maturities

Exhibit 99.1 NEWS RELEASE FOR IMMEDIATE RELEASE TEAM, INC. ANNOUNCES SUCCESSFUL CLOSING OF REFINANCING TRANSACTIONS Simplifies Capital Structure and Extends Maturities SUGAR LAND, TX – June 20, 2023 – 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 me

Amended and Restated Term Loan Credit Agreement, dated June 16, 2023, by and among Team, Inc., as Borrower, the lenders party thereto, the guarantors party thereto and Cantor Fitzgerald Securities, as Agent (filed as Exhibit 10.1 to Team, Inc.’s Current Report on Form 8-K filed (File No. 001-08604) on June 20, 2023, incorporated by reference herein)

EX-10.1 Exhibit 10.1 Execution Version AMENDED AND RESTATED TERM LOAN CREDIT AGREEMENT among TEAM, INC. as the Borrower, THE LENDERS FROM TIME TO TIME PARTY HERETO, and CANTOR FITZGERALD SECURITIES, as the Agent Dated as of June 16, 2023 TABLE OF CONTENTS Page ARTICLE I. DEFINITIONS 1 1.1 Definitions 1 1.2 Accounting Terms and Determinations 51 1.3 Divisions 51 1.4 Other Terms; Headings 51 1.5 Dut

AGREEMENT

AGREEMENT The undersigned agree that this Schedule 13D, dated June 16, 2023, relating to the common stock, $0.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): June 16, 2023 TEAM, Inc. (Exact N

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): June 16, 2023 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Number) (

Board Rights Agreement, dated as of June 16, 2023, by and among Team, Inc., Corre Partners Management, LLC, Corre Opportunities Qualified Master Fund, LP, Corre Horizon Fund, LP and Corre Horizon Fund II, LP. (filed as Exhibit 10.3 to Team, Inc.’s Current Report on Form 8-K filed (File No. 001-08604) on June 20, 2023, incorporated by reference herein)

EX-10.3 Exhibit 10.3 Execution Version BOARD RIGHTS AGREEMENT This BOARD RIGHTS AGREEMENT (this “Agreement”), dated as of June 16, 2023, is entered into by and among (i) Team, Inc., a Delaware corporation (the “Company”), (ii) Corre Partners Management, LLC (“Corre” and, together with its Affiliates, including the Corre Holders (as defined below), the “Investors”), (iii) Corre Opportunities Qualif

Amendment No. 3 to Credit Agreement, dated as of June 16, 2023, among Team, Inc., as Borrower, the lenders from time to time party thereto, the guarantors party thereto and Eclipse Business Capital LLC, as Agent (filed as Exhibit 10.2 to Team, Inc.’s Current Report on Form 8-K filed (File No. 001-08604) on June 20, 2023, incorporated by reference herein)

EX-10.2 Exhibit 10.2 EXECUTION VERSION AMENDMENT NO. 3 TO CREDIT AGREEMENT This AMENDMENT NO. 3 TO CREDIT AGREEMENT (this “Amendment”), dated as of June 16, 2023, is among TEAM, INC., a Delaware corporation (the “Borrower Agent”), the Guarantors party hereto, each of the Lenders party hereto and ECLIPSE BUSINESS CAPITAL LLC, acting not individually but as agent on behalf of, and for the benefit of

May 26, 2023

Exhibit A AGREEMENT The undersigned agree that this Schedule 13D, dated May 24, 2023, relating to the common stock, $0.

TISI / Team, Inc. / CORRE HORIZON FUND, LP - SCHEDULE 13D (AMENDMENT NO. 6) Activist Investment

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13D THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): May 25, 2023 TEAM, Inc. (Exact Na

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): May 25, 2023 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Number) (I

TEAM, INC. ANNOUNCES COMMITMENT FOR REFINANCING OF CAPITAL STRUCTURE Upon Completion, Transactions Will Provide Financial Flexibility and Extend Maturities

Exhibit 99.1 NEWS RELEASE FOR IMMEDIATE RELEASE TEAM, INC. ANNOUNCES COMMITMENT FOR REFINANCING OF CAPITAL STRUCTURE Upon Completion, Transactions Will Provide Financial Flexibility and Extend Maturities SUGAR LAND, TX – May 25, 2023 – Team, Inc. (NYSE: TISI) (“TEAM” or the “Company”), a global, leading provider of specialty industrial services offering clients access to a full suite of convention

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): May 11, 2023 TEAM, Inc. (Exact Na

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): May 11, 2023 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Number) (I

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 00

Certificate of Amendment to Amended and Restated Certificate of Incorporation of Team, Inc., dated November 28, 2022 (filed as Exhibit 3.3 to Team, Inc.’s Quarterly Report on Form 10-Q/A (File No. 001-08604) filed on November 8, 2023, incorporated herein by reference).

CERTIFICATE OF AMENDMENT OF AMENDED AND RESTATED CERTIFICATE OF INCORPORATION OF TEAM, INC.

TEAM, INC. REPORTS FIRST QUARTER 2023 RESULTS First Quarter 2023 Revenue Increased $13.2 million or 7.0% Over First Quarter 2022 Gross Margin Improved by 150 basis points Over First Quarter 2022

Exhibit 99.1 NEWS RELEASE FOR IMMEDIATE RELEASE TEAM, INC. REPORTS FIRST QUARTER 2023 RESULTS First Quarter 2023 Revenue Increased $13.2 million or 7.0% Over First Quarter 2022 Gross Margin Improved by 150 basis points Over First Quarter 2022 SUGAR LAND, TX – May 11, 2023 – Team, Inc. (NYSE: TISI) (“TEAM” or the “Company”), a global, leading provider of specialty industrial services offering clien

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): May 11, 2023 TEAM, Inc. (Exact Na

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): May 11, 2023 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Number) (I

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 14A Information Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.)

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 14A Information Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.) Filed by the Registrant þ Filed by a party other than the Registrant ¨ Check the appropriate box: ¨ Preliminary Proxy Statement ¨ Confidential, for Use of the Commission Only (as permitted

Amendment No. 12 to Subordinated Term Loan Agreement, dated March 29, 2023, by and among the lenders party thereto, and Cantor Fitzgerald Securities, as agent.

Execution Version AMENDMENT NO. 12 TO UNSECURED TERM LOAN CREDIT AGREEMENT This AMENDMENT NO. 12 TO UNSECURED TERM LOAN CREDIT AGREEMENT (this “Amendment”), dated as of March 29, 2023, is among Team, Inc., a Delaware corporation (the “Borrower”), the Guarantors party hereto, each of the Lenders party hereto, and Cantor Fitzgerald Securities, as agent (the “Agent”). This Amendment and the rights an

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): March 29, 2023 TEAM, Inc. (Exact

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): March 29, 2023 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Number)

As filed with the Securities and Exchange Commission on March 14, 2023

POS AM Table of Contents As filed with the Securities and Exchange Commission on March 14, 2023 No.

Form 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): March 14, 2023 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Number)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): March 14, 2023 TEAM, Inc. (Exact

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): March 14, 2023 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Number)

TEAM, INC. Unaudited Pro Forma Condensed Consolidated Statement of Operations

EX-99.1 Exhibit 99.1 TEAM, INC. Unaudited Pro Forma Condensed Consolidated Statement of Operations On August 14, 2022, Team, Inc. (the “Company”) entered into that certain Equity Purchase Agreement (the “Sale Agreement”) with Baker Hughes Holdings LLC, a Delaware limited liability company (“Buyer”), pursuant to which Buyer acquired all of the issued and outstanding equity interests of a wholly-own

TEAM, INC. REPORTS FOURTH QUARTER AND FULL YEAR 2022 RESULTS Fourth Quarter 2022 Revenue Increased $8 million or 4.0% Over Fourth Quarter 2021 Full Year 2022 Revenue Increased $46 million or 5.8% Over Full Year 2021

Exhibit 99.1 NEWS RELEASE FOR IMMEDIATE RELEASE TEAM, INC. REPORTS FOURTH QUARTER AND FULL YEAR 2022 RESULTS Fourth Quarter 2022 Revenue Increased $8 million or 4.0% Over Fourth Quarter 2021 Full Year 2022 Revenue Increased $46 million or 5.8% Over Full Year 2021 SUGAR LAND, TX – March 14, 2023 – Team, Inc. (NYSE: TISI) (“TEAM” or the “Company”), a global, leading provider of specialty industrial

Form 10-K

Table of Content UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-08604 TEAM, INC

TISI / Team, Inc. / Owl Creek Asset Management, L.P. - TEAM, INC. Passive Investment

SC 13G/A 1 p23-0539sc13ga.htm TEAM, INC. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G/A Under the Securities Exchange Act of 1934 (Amendment No. 1)* Team, Inc. (Name of Issuer) Common Stock, $0.30 par value (Title of Class of Securities) 878155100 (CUSIP Number) December 31, 2022 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designat

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K/A CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): December 9, 2022 TEAM, Inc. (Ex

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K/A CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): December 9, 2022 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Numb

Stock Split and Completion of One-For-Ten Reverse Stock Split

NEWS RELEASE FOR IMMEDIATE RELEASE Correction to Press Releases Announcing Team, Inc.

Stock Split and Completion of One-For-Ten Reverse Stock Split

NEWS RELEASE FOR IMMEDIATE RELEASE Correction to Press Releases Announcing Team, Inc.

Regulation FD Disclosure, Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year, Material Modification to Rights of Security Holders, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): December 21, 2022 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Numbe

TEAM, INC. ANNOUNCES ADJUSTMENT TO CONVERSION RATE OF 5.00% CONVERTIBLE SENIOR NOTES

NEWS RELEASE FOR IMMEDIATE RELEASE TEAM, INC. ANNOUNCES ADJUSTMENT TO CONVERSION RATE OF 5.00% CONVERTIBLE SENIOR NOTES SUGAR LAND, TX ? December 22, 2022 ? Team, Inc. (NYSE: TISI) (?TEAM? or the ?Company?), a global leading provider of integrated, digitally-enabled asset performance assurance and optimization solutions, today announced that, as a result of the previously announced reverse stock s

Certificate of Amendment to Amended and Restated Certificate of Incorporation of Team, Inc. (filed as Exhibit 3.1 to Team, Inc.’s Current Report on Form 8-K (File No. 001-08604) filed on December 22, 2022, incorporated by reference herein).

CERTIFICATE OF AMENDMENT OF AMENDED AND RESTATED CERTIFICATE OF INCORPORATION OF TEAM, INC.

TEAM, INC. COMPLETES ONE-FOR-TEN REVERSE STOCK SPLIT

NEWS RELEASE FOR IMMEDIATE RELEASE TEAM, INC. COMPLETES ONE-FOR-TEN REVERSE STOCK SPLIT SUGAR LAND, TX ? December 21, 2022 ? Team, Inc. (NYSE: TISI) (?TEAM? or the ?Company?), a global leading provider of integrated, digitally-enabled asset performance assurance and optimization solutions, today announced that it has completed the previously announced reverse stock split of the outstanding shares

TEAM, INC. ANNOUNCES ONE-FOR-TEN REVERSE STOCK SPLIT

NEWS RELEASE FOR IMMEDIATE RELEASE TEAM, INC. ANNOUNCES ONE-FOR-TEN REVERSE STOCK SPLIT SUGAR LAND, TX ? December 9, 2022 ? Team, Inc. (NYSE: TISI) (?TEAM? or the ?Company?), a global leading provider of integrated, digitally-enabled asset performance assurance and optimization solutions, today announced that the Board of Directors of the Company (the ?Board?) has approved a reverse stock split of

Regulation FD Disclosure, Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Material Modification to Rights of Security Holders, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): December 9, 2022 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Number

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): November 22, 2022 TEAM, Inc. (Exa

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): November 22, 2022 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Numbe

KEITH TUCKER APPOINTED AS CHIEF EXECUTIVE OFFICER AT TEAM, INC.

NEWS RELEASE FOR IMMEDIATE RELEASE KEITH TUCKER APPOINTED AS CHIEF EXECUTIVE OFFICER AT TEAM, INC.

November 22, 2022

Exhibit A AGREEMENT The undersigned agree that this Schedule 13D, dated November 22, 2022, relating to the common stock, $0.

Amendment No. 11 to Subordinated Term Loan Agreement, dated November 21, 2022, by and among Team, Inc., as Borrower, the lenders party thereto, the guarantors party thereto and Cantor Fitzgerald Securities, as Agent.

Execution Version AMENDMENT NO. 11 TO UNSECURED TERM LOAN CREDIT AGREEMENT This AMENDMENT NO. 11 TO UNSECURED TERM LOAN CREDIT AGREEMENT (this ?Amendment?), dated as of November 21, 2022, is among Team, Inc., a Delaware corporation (the ?Borrower?), the Guarantors party hereto, each of the Lenders party hereto, and Cantor Fitzgerald Securities, as agent (the ?Agent?). This Amendment and the rights

TISI / Team, Inc. / CORRE HORIZON FUND, LP - SCHEDULE 13D (AMENDMENT NO. 5) Activist Investment

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13D THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): November 21, 2022 TEAM, Inc. (Exa

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): November 21, 2022 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Numbe

AMENDMENT NO. 11 TO UNSECURED TERM LOAN CREDIT AGREEMENT

AMENDMENT NO. 11 TO UNSECURED TERM LOAN CREDIT AGREEMENT This AMENDMENT NO. 11 TO UNSECURED TERM LOAN CREDIT AGREEMENT (this ?Amendment?), dated as of November 21, 2022, is among Team, Inc., a Delaware corporation (the ?Borrower?), the Guarantors party hereto, each of the Lenders party hereto, and Cantor Fitzgerald Securities, as agent (the ?Agent?). This Amendment and the rights and obligations e

Amendment No. 9 to Term Loan Credit Agreement, dated November 4, 2022, among Team, Inc., as Borrower, the financial institutions party thereto, the guarantors party thereto and Atlantic Park Strategic Capital Fund, L.P., as Agent.

EX-10.1 Exhibit 10.1 EXECUTION VERSION AMENDMENT NO. 9 TO TERM LOAN CREDIT AGREEMENT This AMENDMENT NO. 9 TO TERM LOAN CREDIT AGREEMENT (this “Amendment”), dated as of November 4, 2022, is among TEAM, INC., a Delaware corporation (the “Borrower”), the Guarantors party hereto, each of the Lenders party hereto and Atlantic Park Strategic Capital Fund, L.P., as agent for the Lenders and the Secured P

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): November 4, 2022 TEAM, Inc. (Exac

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): November 4, 2022 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Number

Amendment No. 10 to Subordinated Term Loan Agreement, dated November 4, 2022, by and among Team, Inc., as Borrower, the lenders party thereto, the guarantors party thereto and Cantor Fitzgerald Securities, as Agent.

EX-10.2 Exhibit 10.2 EXECUTION VERSION AMENDMENT NO. 10 TO UNSECURED TERM LOAN CREDIT AGREEMENT This AMENDMENT NO. 10 TO UNSECURED TERM LOAN CREDIT AGREEMENT (this “Amendment”), dated as of November 4, 2022, is among Team, Inc., a Delaware corporation (the “Borrower”), the Guarantors party hereto, each of the Lenders party hereto, and Cantor Fitzgerald Securities, as agent (the “Agent”). This Amen

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): November 8, 2022 TEAM, Inc. (Exac

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): November 8, 2022 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Number

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): November 8, 2022 TEAM, Inc. (Exac

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): November 8, 2022 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Number

TEAM, INC. REPORTS THIRD QUARTER 2022 RESULTS Consolidated Revenue Increased 10% over 3Q 2021 Completes Strategic Sale of Quest Integrity Business to Baker Hughes

Exhibit 99.1 NEWS RELEASE FOR IMMEDIATE RELEASE TEAM, INC. REPORTS THIRD QUARTER 2022 RESULTS Consolidated Revenue Increased 10% over 3Q 2021 Completes Strategic Sale of Quest Integrity Business to Baker Hughes SUGAR LAND, TX – November 8, 2022 – Team, Inc. (NYSE: TISI) (“TEAM” or the “Company”), a global leading provider of integrated, digitally-enabled asset performance assurance and optimizatio

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file numbe

TEAM, INC. Unaudited Pro Forma Condensed Consolidated Financial Information

EX-99.3 Exhibit 99.3 TEAM, INC. Unaudited Pro Forma Condensed Consolidated Financial Information On August 14, 2022, Team, Inc. (the “Company”) entered into that certain Equity Purchase Agreement (the “Sale Agreement”) with Baker Hughes Holdings LLC, a Delaware limited liability company (“Buyer”), pursuant to which Buyer will acquire all of the issued and outstanding equity interests of a wholly-o

TEAM, INC. RECEIVES CONTINUED LISTING NOTICE FROM NYSE

EX-99.2 Exhibit 99.2 TEAM, INC. RECEIVES CONTINUED LISTING NOTICE FROM NYSE SUGAR LAND, Texas – November 4, 2022 – TEAM, INC. (“TEAM” or the “Company”) (NYSE: TISI) today announced that on November 2, 2022 it received written notice from the New York Stock Exchange (“NYSE”) that the Company is not in compliance with the continued listing standards set forth in Rule 802.01C of the NYSE Listed Compa

Board Rights Agreement, dated as of November 1, 2022, by and between Team, Inc. and Atlantic Park Strategic Capital Fund L.P. (filed as Exhibit 10.4 to the Current Report on Form 8-K (File No. 001-08604) filed by Team, Inc. on November 7, 2022, incorporated by reference herein).

EX-10.4 Exhibit 10.4 Execution Version BOARD RIGHTS AGREEMENT This BOARD RIGHTS AGREEMENT (this “Agreement”), dated as of November 1, 2022, is entered into by and among (i) Team, Inc., a Delaware corporation (the “Company”) and (ii) Atlantic Park Strategic Capital Fund, L.P. (“Atlantic Park,” and together with its Affiliates, including APSC Holdco II, L.P., that Beneficially Own Common Stock, the

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): November 1, 2022 TEAM, Inc. (Exac

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): November 1, 2022 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Number

Amendment No. 2 to Credit Agreement, dated as of November 1, 2022, among Team, Inc., as Borrower, the lenders from time to time party thereto, the guarantors party thereto and Eclipse Business Capital, LLC, as Agent (filed as Exhibit 10.1 to the Current Report on Form 8-K (File No. 001-08604) filed by Team, Inc. on November 07, 2022, incorporated by reference herein).

EX-10.1 Exhibit 10.1 Execution Version AMENDMENT NO. 2 TO CREDIT AGREEMENT This AMENDMENT NO. 2 TO CREDIT AGREEMENT (this “Amendment”), dated as of November 1, 2022, is among TEAM, INC., a Delaware corporation (the “Borrower Agent”), the Guarantors party hereto, each of the Lenders party hereto and ECLIPSE BUSINESS CAPITAL LLC, acting not individually but as agent on behalf of, and for the benefit

Amendment No. 8 to Term Loan Credit Agreement, dated November 1, 2022, among Team, Inc., as Borrower, the financial institutions party thereto, the guarantors party thereto and Atlantic Park Strategic Capital Fund, L.P., as Agent.

EX-10.2 Exhibit 10.2 EXECUTION VERSION AMENDMENT NO. 8 TO TERM LOAN CREDIT AGREEMENT This AMENDMENT NO. 8 TO TERM LOAN CREDIT AGREEMENT (this “Amendment”), dated as of November 1, 2022, is among TEAM, INC., a Delaware corporation (the “Borrower”), the Guarantors party hereto, each of the Lenders party hereto and Atlantic Park Strategic Capital Fund, L.P., as agent for the Lenders and the Secured P

Amendment No. 9 to Subordinated Term Loan Agreement, dated November 1, 2022, by and among Team, Inc., as Borrower, the lenders party thereto, the guarantors party thereto and Cantor Fitzgerald Securities, as

EX-10.3 Exhibit 10.3 Execution Version AMENDMENT NO. 9 TO UNSECURED TERM LOAN CREDIT AGREEMENT This AMENDMENT NO. 9 TO UNSECURED TERM LOAN CREDIT AGREEMENT (this “Amendment”), dated as of November 1, 2022, is among Team, Inc., a Delaware corporation (the “Borrower”), the Guarantors party hereto, each of the Lenders party hereto, and Cantor Fitzgerald Securities, as agent (the “Agent”). This Amendm

TEAM, INC. COMPLETES SALE OF QUEST INTEGRITY BUSINESS

EX-99.1 Exhibit 99.1 NEWS RELEASE TEAM, INC. COMPLETES SALE OF QUEST INTEGRITY BUSINESS SUGAR LAND, TX, November 1, 2022 (GLOBE NEWSWIRE) - Team, Inc. (NYSE: TISI) (“TEAM” or the “Company”), a global leading provider of integrated, digitally-enabled asset performance assurance and optimization solutions, announced today the closing of the previously disclosed sale of its Quest Integrity business t

TEAM, INC. ANNOUNCES ADJOURNMENT OF SPECIAL MEETING OF SHAREHOLDERS Scheduled to Reconvene November 8, 2022 at 3:00 p.m. Central Time at Company Headquarters to Vote on Proposal One

NEWS RELEASE TEAM, INC. ANNOUNCES ADJOURNMENT OF SPECIAL MEETING OF SHAREHOLDERS Scheduled to Reconvene November 8, 2022 at 3:00 p.m. Central Time at Company Headquarters to Vote on Proposal One SUGAR LAND, Texas, November 2, 2022 (GLOBE NEWSWIRE) - Team, Inc. (NYSE: TISI) (?TEAM? or the ?Company?) convened its Special Meeting of Shareholders on November 2, 2022, and shareholders approved proposal

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): September 29, 2022 TEAM, Inc. (Ex

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): September 29, 2022 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Numb

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 14A Information Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 14A Information Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.) Filed by the Registrant ? Filed by a party other than the Registrant ? Check the appropriate box: ? Preliminary Proxy Statement ? Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 14A Information Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 14A Information Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.) Filed by the Registrant ? Filed by a party other than the Registrant ? Check the appropriate box: ? Preliminary Proxy Statement ? Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(

AMENDMENT NO. 8 TO UNSECURED TERM LOAN CREDIT AGREEMENT

EX-99.3 4 c100522d.htm EXHIBIT C Exhibit C AMENDMENT NO. 8 TO UNSECURED TERM LOAN CREDIT AGREEMENT This AMENDMENT NO. 8 TO UNSECURED TERM LOAN CREDIT AGREEMENT (this “Amendment”), dated as of October 4, 2022, is among Team, Inc., a Delaware corporation (the “Borrower”), each of the Lenders party hereto, and Cantor Fitzgerald Securities, as agent (the “Agent”). This Amendment and the rights and obl

Exchange Agreement, dated October 4, 2022, by and among Team, Inc., Corre Opportunities Qualified Master Fund, LP, Corre Horizon Fund, LP, and Corre Horizon II Fund,

Execution Version 1 EXCHANGE AGREEMENT This EXCHANGE AGREEMENT (this ?Agreement?) is made as of October 4, 2022, by and among Team, Inc.

Entry into a Material Definitive Agreement, Financial Statements and Exhibits, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): September 29, 2022 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Numb

Amendment No. 8 to Subordinated Term Loan Agreement, dated October 4, 2022, by and among Team, Inc., the lenders party thereto, and Cantor Fitzgerald Securities, as agent.

Execution Version AMENDMENT NO. 8 TO UNSECURED TERM EOAN CREDIT AGREEMENT This AMENDMENT NO. 8 TO UNSECURED TERM EOAN CREDIT AGREEMENT (this ?Amendment?), dated as of October 4, 2022, is among Team, Inc., a Delaware corporation (the ?Borrower?), each of the Lenders party hereto, and Cantor Fitzgerald Securities, as agent (the ?Agent?). This Amendment and the rights and obligations evidenced hereby

AGREEMENT

Exhibit A AGREEMENT The undersigned agree that this Schedule 13D, dated October 5, 2022, relating to the common stock, $0.

EXCHANGE AGREEMENT

Exhibit B EXCHANGE AGREEMENT This EXCHANGE AGREEMENT (this “Agreement”) is made as of October 4, 2022, by and among Team, Inc.

Substitute Insurance Reimbursement Facility Agreement, dated as of September 29, 2022 by and between 1970 Group, Inc. and Team, Inc. (filed as Exhibit 10.1 to the Current Report on Form 8-K (File No. 001-08604) filed by Team, Inc. on October 5, 2022, and incorporated by reference herein).

EXECUTION VERSION SUBSTITUTE INSURANCE REIMBURSEMENT FACILITY AGREEMENT This Substitute Insurance Collateral Facility Agreement (the ?Agreement?) effective as of September 29, 2022 (the ?Effective Date?) by and between 1970 Group, Inc.

TISI / Team, Inc. / CORRE HORIZON FUND, LP - SCHEDULE 13D (AMENDMENT NO. 4) Activist Investment

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13D THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No.

TISI / Team, Inc. / Corre Opportunities Qualified Master Fund, LP - SCHEDULE 13D (AMENDMENT #3) Activist Investment

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13D THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 14A Information Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 14A Information Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.) Filed by the Registrant ? Filed by a party other than the Registrant ? Check the appropriate box: ? Preliminary Proxy Statement ? Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(

AGREEMENT

AGREEMENT The undersigned agree that this Schedule 13D, dated September 19, 2022, relating to the common stock, $0.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 14A Information Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.)

PRE 14A 1 teaminc2022definitiveproxy.htm PRE 14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 14A Information Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.) Filed by the Registrant þ Filed by a party other than the Registrant ¨ Check the appropriate box: þ Preliminary Proxy Statement ¨ Confidential, for Use of th

Baker Hughes Holdings LLC.

Exhibit 10.1 EXECUTION EQUITY PURCHASE AGREEMENT BY AND BETWEEN BAKER HUGHES HOLDINGS LLC, AND TEAM, INC. DATED AS OF AUGUST 14, 2022 TABLE OF CONTENTS Page ARTICLE 1 DEFINITIONS 1 Section 1.1 Definitions 1 Section 1.2 Cross-References to Other Defined Terms 14 ARTICLE 2 PURCHASE AND SALE 16 Section 2.1 Purchase and Sale of the Company Interests 16 Section 2.2 Purchase Price 16 Section 2.3 Estimat

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): August 15, 2022 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Number)

Amendment No. 7 to Subordinated Term Loan Agreement, dated June 28, 2022, by and among the lenders party thereto, and Cantor Fitzgerald Securities, as Agent (filed as Exhibit 10.1 to Team, Inc.’s Current Report on Form 8-K, filed on June 30, 2022, incorporated by reference herein).

Exhibit 10.1 Execution Version AMENDMENT NO. 7 TO UNSECURED TERM LOAN CREDIT AGREEMENT This AMENDMENT NO. 7 TO UNSECURED TERM LOAN CREDIT AGREEMENT (this ?Amendment?), dated as of June 28, 2022, is among Team, Inc., a Delaware corporation (the ?Borrower?), each of the Lenders party hereto, and Cantor Fitzgerald Securities, as agent (the ?Agent?). This Amendment and the rights and obligations evide

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 12b-25 NOTIFICATION OF LATE FILING

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 12b-25 NOTIFICATION OF LATE FILING SEC FILE NUMBER 001-08604 CUSIP NUMBER 878155100 (Check one): ? Form 10-K ? Form 20-F ? Form 11-K ? Form 10-Q ? Form 10-D ? Form N-SAR ? Form N-CSR For Period Ended: June 30, 2022 ? Transition Report on 10-K ? Transition Report on 20-F ? Transition Report on 11-K ? Transition Report on 1

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001

Amendment No. 7 to Term Loan Credit Agreement, dated May 6, 2022, among Team, Inc., as Borrower, the financial institutions party thereto, the guarantors party thereto and Atlantic Park Strategic Capital Fund, L.P., as Agent

Execution Version AMENDMENT NO. 7 TO TERM LOAN CREDIT AGREEMENT This AMENDMENT NO. 7 TO TERM LOAN CREDIT AGREEMENT (this ?Amendment?), dated as of May 6, 2022, is among TEAM, INC., a Delaware corporation (the ?Borrower?), the Guarantors party hereto, each of the Lenders party hereto and Atlantic Park Strategic Capital Fund, L.P., as agent for the Lenders and the Secured Parties (the ?Agent?). W I

TEAM, INC. REPORTS SECOND QUARTER 2022 RESULTS Consolidated revenue increased 5% over 2Q 2021 Announced strategic sale of Quest Integrity Business to Baker Hughes

Exhibit 99.1 NEWS RELEASE FOR IMMEDIATE RELEASE TEAM, INC. REPORTS SECOND QUARTER 2022 RESULTS Consolidated revenue increased 5% over 2Q 2021 Announced strategic sale of Quest Integrity Business to Baker Hughes SUGAR LAND, TX ? August 15, 2022 ? Team, Inc. (NYSE: TISI) (?TEAM? or the ?Company?), a global leading provider of integrated, digitally-enabled asset performance assurance and optimization

Amendment No. 6 to Subordinated Term Loan Credit Agreement, dated May 6, 2022, by and among

Execution Version AMENDMENT NO. 6 TO UNSECURED TERM LOAN CREDIT AGREEMENT This AMENDMENT NO. 6 TO UNSECURED TERM LOAN CREDIT AGREEMENT (this ?Amendment?), dated as of May 6, 2022, is among Team, Inc., a Delaware corporation (the ?Borrower?), each of the Lenders party hereto, and Cantor Fitzgerald Securities, as agent (the ?Agent?). This Amendment and the rights and obligations evidenced hereby are

Amendment No. 1 to Credit Agreement, dated as of May 6, 2022, among Team, Inc., as Borrower, the lenders from time to time party thereto, the guarantors party thereto and Eclipse Business Capital, LLC, as agent (filed as Exhibit 10.1 to the Current Report on Form 10-Q (File No. 001-08604) filed by Team, Inc. on August 15, 2022, incorporated by reference herein).

AMENDMENT NO. 1 TO CREDIT AGREEMENT This AMENDMENT NO. 1 TO CREDIT AGREEMENT (this ?Amendment?), dated as of May 6, 2022, is among TEAM, INC., a Delaware corporation (the ?Borrower Agent?), the Guarantors party hereto, each of the Lenders party hereto and ECLIPSE BUSINESS CAPITAL LLC, acting not individually but as agent on behalf of, and for the benefit of, the Lenders and all other Secured Parti

Regulation FD Disclosure, Entry into a Material Definitive Agreement, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): August 14, 2022 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Number)

TEAM, INC. ANNOUNCES SALE OF QUEST INTEGRITY BUSINESS

Exhibit 99.1 NEWS RELEASE TEAM, INC. ANNOUNCES SALE OF QUEST INTEGRITY BUSINESS SUGAR LAND, TX, August 15, 2022 - Team, Inc. (NYSE: TISI) (?TEAM? or the ?Company?), a global leading provider of integrated, digitally-enabled asset performance assurance and optimization solutions, today announced it has reached an agreement to sell its Quest Integrity business to Baker Hughes, an energy technology c

10-Q for the quarterly period ended June 30, 2022 (File No. 001-08604)

May 20, 2022 PERSONAL AND CONFIDENTIAL Andr? C. Bouchard Dear Andr?, As you know, Team, Inc. (together with its subsidiaries, the ?Company?) is currently facing a challenging business environment. In light of this situation, the Company has made certain changes to your compensation as described in this letter agreement (this ?Agreement?). We thank you for your hard work and continuous efforts and

Inc.'s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2022 (File No. 001-08604)

Certain identified information has been redacted from this exhibit because it is both (i) not material and (ii) a type that the registrant treats as private or confidential.

Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): July 15, 2022 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Number) (

TEAM, INC. RECEIVES CONTINUED LISTING NOTICE FROM NYSE

Exhibit 99.1 TEAM, INC. RECEIVES CONTINUED LISTING NOTICE FROM NYSE SUGAR LAND, Texas ? July 15, 2022 ? TEAM, INC. (?TEAM? or the ?Company?) (NYSE: TISI) today announced that on July 13, 2022 it received written notice from the New York Stock Exchange (?NYSE?) that the Company is not in compliance with the continued listing standards set forth in Rule 802.01C of the NYSE Listed Company Manual that

Entry into a Material Definitive Agreement, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): June 30, 2022 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Number) (

Amendment No. 7 to Subordinated Term Loan Agreement, dated June 28, 2022, by and among the lenders party thereto, and Cantor Fitzgerald Securities, as agent

EX-10.1 2 exhibit101toxteamxutlcaame.htm EX-10.1 Exhibit 10.1 Execution Version AMENDMENT NO. 7 TO UNSECURED TERM LOAN CREDIT AGREEMENT This AMENDMENT NO. 7 TO UNSECURED TERM LOAN CREDIT AGREEMENT (this “Amendment”), dated as of June 28, 2022, is among Team, Inc., a Delaware corporation (the “Borrower”), each of the Lenders party hereto, and Cantor Fitzgerald Securities, as agent (the “Agent”). Th

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 11-K

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 11-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR o TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-08604 A. Full tit

Regulation FD Disclosure, Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): June 17, 2022 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Number) (

TEAM, INC. RECEIVES CONTINUED LISTING STANDARD NOTICE FROM NYSE

Exhibit 99.1 NEWS RELEASE FOR IMMEDIATE RELEASE TEAM, INC. RECEIVES CONTINUED LISTING STANDARD NOTICE FROM NYSE SUGAR LAND, TX, June 17, 2022 - Team, Inc. (NYSE: TISI) (?TEAM? or the ?Company?), a global leading provider of integrated, digitally-enabled asset performance assurance and optimization solutions, today announced that on June 17, 2022, it received notice (the ?Notice?) from the New York

Submission of Matters to a Vote of Security Holders

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K/A (Amendment No. 1) CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): June 1, 2022 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commis

Regulation FD Disclosure, Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): June 13, 2022 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Number) (

TEAM, INC. NAMES NELSON M. HAIGHT AS CHIEF FINANCIAL OFFICER Seasoned financial executive joins to help support TEAM’s strategic and financial repositioning

Exhibit 99.1 NEWS RELEASE FOR IMMEDIATE RELEASE TEAM, INC. NAMES NELSON M. HAIGHT AS CHIEF FINANCIAL OFFICER Seasoned financial executive joins to help support TEAM?s strategic and financial repositioning SUGAR LAND, TX, June 13, 2022 ? Team, Inc. (NYSE: TISI) (?TEAM? or the ?Company?), a global leading provider of integrated, digitally-enabled asset performance assurance and optimization solution

Submission of Matters to a Vote of Security Holders

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): June 1, 2022 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Number) (I

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 14A Information Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. )

DEFA14A 1 tisi-schedule14ax05122022.htm DEFA14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 14A Information Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant þ Filed by a party other than the Registrant ¨ Check the appropriate box: ¨ Preliminary Proxy Statement ¨ Confidential, for Use of th

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 12b-25 NOTIFICATION OF LATE FILING

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 12b-25 NOTIFICATION OF LATE FILING SEC FILE NUMBER 001-08604 CUSIP NUMBER 878155100 (Check one): ? Form 10-K ? Form 20-F ? Form 11-K ? Form 10-Q ? Form 10-D ? Form N-SAR ? Form N-CSR For Period Ended: March 31, 2022 ? Transition Report on 10-K ? Transition Report on 20-F ? Transition Report on 11-K ? Transition Report on

TEAM, INC. REPORTS FIRST QUARTER 2022 RESULTS Consolidated revenue increased 12% over 1Q 2021 Quest Integrity segment delivered 84% growth over 1Q 2021 New capital raise and ABL refinancing in February 2022

Exhibit 99.1 NEWS RELEASE FOR IMMEDIATE RELEASE TEAM, INC. REPORTS FIRST QUARTER 2022 RESULTS Consolidated revenue increased 12% over 1Q 2021 Quest Integrity segment delivered 84% growth over 1Q 2021 New capital raise and ABL refinancing in February 2022 SUGAR LAND, TX ? May 10, 2022 ? Team, Inc. (NYSE: TISI) (?TEAM? or the ?Company?), a global leading provider of integrated, digitally-enabled ass

Team, Inc. Corporate Executive Officer Compensation and Benefits Continuation Policy (filed as Exhibit 4.2 to Team, Inc.’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2022 (File No. 001-08604) filed on May 11, 2022, incorporated by reference herein).

Team, Inc. Corporate Executive Officer Compensation and Benefits Continuation Policy (as amended, February 9, 2022) WHEREAS, Team, Inc., a Delaware corporation, (?Team?) and together with its subsidiaries (as hereinafter defined) (together, the ?Company?) recognize that the Team?s Corporate Executive Officers play key leadership roles that are critical to the Company?s success; and WHEREAS, the Co

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 00

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): May 10, 2022 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Number) (I

As filed with the Securities and Exchange Commission on May 10, 2022

As filed with the Securities and Exchange Commission on May 10, 2022 Registration No.

13131 Dairy Ashford, Suite 600 Sugar Land, Texas May 10, 2022

13131 Dairy Ashford, Suite 600 Sugar Land, Texas May 10, 2022 Via EDGAR U.S. Securities and Exchange Commission Division of Corporation Finance, Office of Trade & Services 100 F Street, NE Washington, D.C. 20549 Attention: Taylor Beech Re: Team, Inc. Registration Statement on Form S-3 Originally filed March 18, 2022 File No. 333-263708 Dear Taylor Beech: On March 18, 2022, Team, Inc. (the ?Registr

13131 Dairy Ashford, Suite 600 Sugar Land, Texas April 29, 2022

CORRESP 1 filename1.htm 13131 Dairy Ashford, Suite 600 Sugar Land, Texas April 29, 2022 Via EDGAR U.S. Securities and Exchange Commission Division of Corporation Finance, Office of Trade & Services 100 F Street, NE Washington, D.C. 20549 Attention: Taylor Beech Re: Team, Inc. Withdrawal of Acceleration Request for Registration Statement on Form S-3 Originally filed March 18, 2022 File No. 333-2637

13131 Dairy Ashford, Suite 600 Sugar Land, Texas April 27, 2022

13131 Dairy Ashford, Suite 600 Sugar Land, Texas April 27, 2022 Via EDGAR U.S. Securities and Exchange Commission Division of Corporation Finance, Office of Trade & Services 100 F Street, NE Washington, D.C. 20549 Attention: Taylor Beech Re: Team, Inc. Registration Statement on Form S-3 Originally filed March 18, 2022 File No. 333-263708 Dear Taylor Beech: On March 18, 2022, Team, Inc. (the ?Regis

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 14A Information Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. )

DEF 14A 1 teaminc2022definitiveproxy.htm DEF 14A Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 14A Information Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant þ Filed by a party other than the Registrant ¨ Check the appropriate box: þ Preliminary Proxy Statement ¨ Confiden

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 14A Information Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. )

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 14A Information Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant ? Filed by a party other than the Registrant ? Check the appropriate box: ? Preliminary Proxy Statement ? Confidential, for Use of the Commission Only (as permitte

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): April 1, 2022 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Number) (

TEAM, INC. REGAINS COMPLIANCE WITH NYSE CONTINUED LISTING STANDARDS

Exhibit 99.1 TEAM, INC. REGAINS COMPLIANCE WITH NYSE CONTINUED LISTING STANDARDS April 4, 2022 SUGAR LAND, Texas, April 4, 2022 /PRNewswire/ ? Team, Inc. (NYSE: TISI) (?TEAM? or the ?Company?), today announced that on April 1, 2022, it received written notification from the New York Stock Exchange (?NYSE?) that it has regained compliance with the NYSE continued listing standards (?Notice?). With t

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K/A (Amendment No. 1) CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): March 14, 2022 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Comm

LETTER

United States securities and exchange commission logo March 23, 2022 Amerino Gatti Chief Executive Officer TEAM INC 13131 Dairy Ashford, Suite 600 Sugar Land, Texas 77478 Re: TEAM INC Registration Statement on Form S-3 Filed March 18, 2022 File No.

As filed with the Securities and Exchange Commission on March 23, 2022

As filed with the Securities and Exchange Commission on March 23, 2022 Registration No.

Regulation FD Disclosure, Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): March 14, 2022 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Number)

Power of Attorney.

S-3 1 d323078ds3.htm S-3 Table of Contents As filed with the Securities and Exchange Commission on March 18, 2022 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-3 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 TEAM, INC. (Exact name of registrant as specified in its charter) Delaware 74-1765729 (State or other jurisdiction of incorpora

1 to Term Loan Credit Agreement, dated October 19, 2021, among Team, Inc., as Borrower, the financial institutions party thereto and Atlantic Park Strategic Capital Fund, L.P., as agent (filed as Exhibit 10.2 to Team, Inc.’s Current Report on Form S-3

Exhibit 10.2 EXECUTION VERSION AMENDMENT NO. 1 TO TERM LOAN CREDIT AGREEMENT This AMENDMENT NO. 1 TO TERM LOAN CREDIT AGREEMENT (this ?Amendment?), dated as of October 19, 2021, is among TEAM, INC., a Delaware corporation (the ?Borrower?), and each of the Lenders party hereto. W I T N E S S E T H: WHEREAS, the Borrower, Atlantic Park Strategic Capital Fund, L.P., as agent for the Lenders and the S

TEAM, INC. ANNOUNCES LEADERSHIP TRANSITION

Exhibit 99.1 NEWS RELEASE FOR IMMEDIATE RELEASE TEAM, INC. ANNOUNCES LEADERSHIP TRANSITION SUGAR LAND, TX, March 17, 2022 ? Team, Inc.?s (NYSE: TISI) (?TEAM? or the ?Company?), Board of Directors (?Board?) today announced a leadership transition, effective March 21, 2022, including the departure of Amerino Gatti from his positions as Chairman and Chief Executive Officer. In connection with the lea

Filing Fee Table.

Exhibit 107 EX-FILING FEES Calculation of Filing Fee Tables Form S-3 (Form Type) Team, Inc.

TEAM, INC. REPORTS FOURTH QUARTER AND FULL YEAR 2021 RESULTS Fourth Quarter 2021 Revenue Increased 8% Over Fourth Quarter 2020 IHT Achieved 17% Revenue Growth over 4Q 2020 MS Delivered a 5% Revenue Increase in 4Q 2021 over 4Q 2020

Exhibit 99.1 NEWS RELEASE Contact: Chris Robinson VP - Corporate Development & Investor Relations (281) 388-5551 TEAM, INC. REPORTS FOURTH QUARTER AND FULL YEAR 2021 RESULTS Fourth Quarter 2021 Revenue Increased 8% Over Fourth Quarter 2020 IHT Achieved 17% Revenue Growth over 4Q 2020 MS Delivered a 5% Revenue Increase in 4Q 2021 over 4Q 2020 SUGAR LAND, TX ? March 16, 2022 ? Team, Inc. (NYSE: TISI

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): March 16, 2022 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Number)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K

Table of Content UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ? ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-08604 TEAM, INC

Description of Securities Registered under Section 12 of Exchange Act.

Exhibit 4.1 DESCRIPTION OF REGISTRANT?S SECURITIES REGISTERED PURSUANT TO SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934 The following description of our capital stock is not intended to be complete, does not describe every aspect of our securities, and is subject to, and qualified in its entirety by reference to, all the provisions of our amended and restated certificate of incorporation, as a

Subsidiaries of Team, Inc.

Exhibit 21 SUBSIDIARIES OF REGISTRANT COMPANY JURISDICTION / STATE OF INCORPORATION Team, Inc.

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): February 16, 2022 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Numbe

TISI / Team, Inc. / GAMCO INVESTORS, INC. ET AL Activist Investment

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 7) Team, Inc. (Name of Issuer) Common Stock, $0.30 par value (Title of Class of Securities) 878155100 (CUSIP Number) David Goldman GAMCO Investors, Inc. One Corporate Center Rye, New York 10580-1435 (914) 921-5000 (Name, Address and Telephone Number of Person Authorized t

Subscription Agreement, dated February 11, 2022, by and between the Company, Corre Opportunities Qualified Master Fund, LP, Corre Horizon Fund, LP and Corre Horizon II Fund, LP (filed as Exhibit 10.4 to Team, Inc.’s Current Report on Form 8-K filed on February 15, 2022, incorporated herein by reference).

EX-10.4 8 d315907dex104.htm EX-10.4 Exhibit 10.4 Execution Version COMMON STOCK SUBSCRIPTION AGREEMENT by and among TEAM, INC. and THE PURCHASERS NAMED ON SCHEDULE A HERETO TABLE OF CONTENTS Page ARTICLE I DEFINITIONS 1 Section 1.1 Definitions 1 ARTICLE II AGREEMENT TO SELL AND PURCHASE 5 Section 2.1 Sale and Purchase 5 Section 2.2 Conditions to Closing 5 Section 2.3 Deliveries by the Company 5 Se

Credit Agreement, dated as of February 11, 2022, among Team, Inc., as Borrower, the lenders from time to time party thereto, and Eclipse Business Capital, LLC, as Agent (filed as Exhibit 10.1 to Team, Inc.’s Current Report on Form 8-K (File No. 001-08604) filed on February 15, 2022, incorporated by reference herein)

Exhibit 10.1 Execution Version CREDIT AGREEMENT among TEAM, INC., as a Borrower and the Borrower Agent, the other Borrowers from time to time party hereto, the Lenders from time to time party hereto, ECLIPSE BUSINESS CAPITAL LLC, as Agent Dated as of February 11, 2022 TABLE OF CONTENTS Page Article I DEFINITIONS 1 1.1 Definitions 1 1.2 Accounting Terms and Determinations 69 1.3 Divisions 70 1.4 Ot

Second Amended and Restated Registration Rights Agreement, dated February 11, 2022, by and between the Company, APSC Holdco II, L.P., Corre Opportunities Qualified Master Fund, LP, Corre Horizon Fund, LP and Corre Horizon II Fund, LP. (filed as Exhibit 4.1 to Team, Inc.’s Current Report on Form 8-K filed on February 15, 2022, incorporated herein by reference).

Exhibit 4.1 Execution Version SECOND AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT This Second Amended and Restated Registration Rights Agreement (this ?Agreement?), dated as of February 10, 2022, is among Team, Inc., a Delaware corporation (the ?Company?), APSC Holdco II, L.P. (?Atlantic Park?) and the Corre Holders (as defined below), and amends and restates that certain Amended and Restate

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Entry into a Material Definitive Agreement, Unregistered Sales of Equity Securities, Financial Statements and Exhibits, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): February 9, 2022 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Number

Team, Inc. Waiver of Anti-Dilution Adjustments and Cash Transaction Exercise, dated February 11, 2022, by and between the Company, Corre Opportunities Qualified Master Fund, LP, Corre Horizon Fund, LP and Corre Horizon II Fund, LP (filed as Exhibit 4.3 to Team, Inc.’s Current Report on Form 8-K filed on February 15, 2022, incorporated herein by reference).

Exhibit 4.3 Execution Version TEAM, INC. WAIVER OF ANTI-DILUTION ADJUSTMENTS AND CASH TRANSACTION EXERCISE February 11, 2022 The undersigned holders (each, a ?Holder? and collectively, the ?Holders?) of each of those certain Common Stock Purchase Warrant No. 2, (the ?Warrant No. 2?), Common Stock Purchase Warrant No. 3 (the ?Warrant No. 3?) and Common Stock Purchase Warrant No. 4 (the ?Warrant No.

Team, Inc. Waiver of Anti-Dilution Adjustments and Cash Transaction Exercise, dated February 11, 2022, by and between the Company and APSC Holdco II, L.P. (filed as Exhibit 4.2 to Team, Inc.’s Current Report on Form 8-K filed on February 15, 2022, incorporated herein by reference).

EX-4.2 3 d315907dex42.htm EX-4.2 Exhibit 4.2 Execution Version TEAM, INC. WAIVER OF ANTI-DILUTION ADJUSTMENTS AND CASH TRANSACTION EXERCISE February 11, 2022 The undersigned holder (the “Holder”) of that certain Second Amended and Restated Common Stock Purchase Warrant No. 1, (the “Warrant”), issued by Team, Inc., a Delaware corporation (the “Company”), and the Company hereby agree as follows: WHE

AGREEMENT

Exhibit A AGREEMENT The undersigned agree that this Schedule 13D, dated February 15, 2022, relating to the common stock, $0.

Amendment No. 6 to Term Loan Credit Agreement, dated February 11, 2022, among Team, Inc., as Borrower, the financial institutions party thereto and Atlantic Park Strategic Capital Fund, L.P., as Agent (filed as Exhibit 10.3 to Team, Inc.’s Current Report on Form 8-K filed on February 15, 2022, incorporated herein by reference).

Exhibit 10.3 EXECUTION VERSION AMENDMENT NO. 6 TO TERM LOAN CREDIT AGREEMENT This AMENDMENT NO. 6 TO TERM LOAN CREDIT AGREEMENT (this ?Amendment?), dated as of February 11, 2022, is among TEAM, INC., a Delaware corporation (the ?Borrower?), the Guarantors party hereto, each of the Lenders party hereto and Atlantic Park Strategic Capital Fund, L.P., as agent for the Lenders and the Secured Parties

Amendment No. 5 to Subordinated Term Loan Agreement, dated February 11, 2022, by and among the Company, the lenders party thereto, and Cantor Fitzgerald Securities, as Agent (filed as Exhibit 10.2 to Team, Inc.’s Current Report on Form 8-K filed on February 15, 2022, incorporated herein by reference).

Exhibit 10.2 Execution Version AMENDMENT NO. 5 TO UNSECURED TERM LOAN CREDIT AGREEMENT This AMENDMENT NO. 5 TO UNSECURED TERM LOAN CREDIT AGREEMENT (this ?Amendment?), dated as of February 11, 2022, is among Team, Inc., a Delaware corporation (the ?Borrower?), each of the Lenders party hereto, and Cantor Fitzgerald Securities, as agent (the ?Agent?). This Amendment and the rights and obligations e

TISI / Team, Inc. / Corre Partners Management, LLC - SCHEDULE 13D (AMENDMENT NO. 2) Activist Investment

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13D THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No.

TISI / Team, Inc. / Iron Park Capital Partners, LP - SC 13G/A Passive Investment

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G/A UNDER THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. 1 )* TEAM, Inc. (Name of Issuer) Common Stock, par value $0.30 (Title of Class of Securities) 878155100 (CUSIP Number) December 31, 2021 (Date of Event Which Requires Filing of this Statement) Check the Appropriate Box to Designate the Rule Pursuant to Whi

TISI / Team, Inc. / GASC APF, L.P. - AMENDMENT NO. 1 Passive Investment

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1)* TEAM, Inc. (Name of Issuer) Common Stock, par value US$0.30 per share (Title of Class of Securities) 878155100 (CUSIP Number) December 31, 2021 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursua

TISI / Team, Inc. / VANGUARD GROUP INC - SCHEDULE 13G/A Passive Investment

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 8)* Name of issuer: Team Inc. Title of Class of Securities: Common Stock CUSIP Number: 878155100 Date of Event Which Requires Filing of this Statement: December 31, 2021 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ Rule 13d-

TISI / Team, Inc. / Owl Creek Asset Management, L.P. - TEAM, INC. Passive Investment

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. )* Team, Inc. (Name of Issuer) Common Stock, $0.30 par value (Title of Class of Securities) 878155100 (CUSIP Number) December 31, 2021 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule 1

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): January 31, 2022 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Number

Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): February 2, 2022 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Number

TEAM, INC. ADOPTS STOCKHOLDER RIGHTS PLAN DESIGNED TO PROTECT THE AVAILABILITY OF ITS NET OPERATING LOSSES

EX-99.1 4 d294846dex991.htm EX-99.1 Exhibit 99.1 FOR IMMEDIATE RELEASE TEAM, INC. ADOPTS STOCKHOLDER RIGHTS PLAN DESIGNED TO PROTECT THE AVAILABILITY OF ITS NET OPERATING LOSSES • Preserving long-term stockholder value by adopting a rights plan intended to protect tax assets by reducing the likelihood of an ownership change (1) • Rights plan in effect immediately; will be submitted for stockholder

Section 382 Rights Agreement, dated as of February 2, 2022, between Team, Inc. and Computershare Trust Company, N.A., as Rights Agent (filed as Exhibit 4.1 to Team, Inc.’s Current Report on Form 8-K filed on February 2, 2022, incorporated herein by reference).

EX-4.1 3 d294846dex41.htm EX-4.1 Exhibit 4.1 SECTION 382 RIGHTS AGREEMENT Dated as of February 2, 2022 between TEAM, INC. and COMPUTERSHARE TRUST COMPANY, N.A., as Rights Agent TABLE OF CONTENTS Page Section 1. Definitions 1 Section 2. Appointment of Rights Agent 8 Section 3. Issue of Right Certificates 8 Section 4. Form of Right Certificates 10 Section 5. Countersignature and Registration 10 Sect

Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year, Entry into a Material Definitive Agreement, Material Modification to Rights of Security Holders, Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): February 2, 2022 TEAM, Inc. (Exact name of registrant as specified in its charter) Delaware 001-08604 74-1765729 (State or other jurisdiction of incorporation) (Commission File Number

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-A FOR REGISTRATION OF CERTAIN CLASSES OF SECURITIES PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 TEAM, Inc. (Exact name of registrant as speci

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-A FOR REGISTRATION OF CERTAIN CLASSES OF SECURITIES PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 TEAM, Inc. (Exact name of registrant as specified in its charter) Delaware 74-1765729 (State or other jurisdiction of incorporation) (IRS Employer Identification No.) 13131 Dairy Ashford, Suite 6

Certificate of Designations of Series A Preferred Stock of Team, Inc., as filed with the Secretary of State of the State of Delaware on February 2, 2022 (filed as Exhibit 3.1 to Team, Inc.’s Current Report on Form 8-K

Exhibit 3.1 CERTIFICATE OF DESIGNATIONS of SERIES A PREFERRED STOCK of TEAM, INC. (Pursuant to Section 151 of the Delaware General Corporation Law) Team, Inc., a corporation organized and existing under the General Corporation Law of the State of Delaware (the ?Corporation?), hereby certifies that the following resolution was adopted by the board of directors of the Corporation (the ?Board of Dire

Entry into a Material Definitive Agreement, Financial Statements and Exhibits, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): January 13, 2022 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Number

Supplemental Indenture, dated as of January 13, 2022, by and between Team, Inc. and Truist Bank, as trustee.

Exhibit 4.1 Team, Inc. 5.00% Convertible Senior Notes due 2023 Supplemental Indenture Dated as of January 13, 2022 Truist Bank As Trustee This SUPPLEMENTAL INDENTURE (this ?Supplemental Indenture?), dated as of January 13, 2022, is between Team, Inc., a Delaware corporation (the ?Company?), and Truist Bank, as trustee (in such capacity, together with its successors in such capacity, the ?Trustee?)

Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): December 14, 2021 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Numbe

6, 2021, by and among the Company, the lenders party thereto, and Corre Credit Fund, LLC, as agent (filed as Exhibit 10.1 to Team, Inc.’s Current Report on Form 8-K

Exhibit 10.1 Execution Version AMENDMENT NO. 2 TO UNSECURED TERM LOAN CREDIT AGREEMENT This AMENDMENT NO. 2 TO UNSECURED TERM LOAN CREDIT AGREEMENT (this ?Amendment?), dated as of December 6, 2021, is among TEAM, INC., a Delaware corporation (the ?Borrower?) and each of the Lenders party hereto. W I T N E S S E T H: WHEREAS, the Borrower, the Lenders and the Agent have entered into that certain Un

Amendment No. 2 to Credit Agreement, dated as of December 7, 2021, among Team, Inc., as Borrower, the lenders from time to time party thereto, Citibank, N.A., as Agent, Joint Lead Arranger and Joint Bookrunner, Bank of America, N.A., as Joint Lead Arranger and Joint Bookrunner, Wells Fargo Bank, National Association, as Co-Syndication Agent, and Regions Bank as Co-Syndication Agent.

EX-10.4 10 d228142dex104.htm EX-10.4 Exhibit 10.4 AMENDMENT NO. 2 TO CREDIT AGREEMENT This AMENDMENT NO. 2 TO CREDIT AGREEMENT (this “Amendment”) is dated as of December 7, 2021 and is entered into by and among (i) TEAM, INC., a Delaware corporation (“Borrower Agent”), as Borrower Agent on behalf of each Borrower and each other Loan Party, (ii) the Lenders party hereto and (iii) CITIBANK, N.A., a

Form of Common Stock Purchase Warrant No. 4, dated December 8, 2021, between the Company and Corre Horizon II Fund, LP (filed as Exhibit 4.4 to Team, Inc.’s Current Report on Form 8-K filed on December 10, 2021, incorporated herein by reference).

EX-4.4 5 d228142dex44.htm EX-4.4 Exhibit 4.4 THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND MAY BE TRANSFERRED, SOLD OR OTHERWISE DISPOSED OF ONLY IF SUCH SECURITIES HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND ANY APPLICABLE STATE SECURITIES LAWS OR PURSUANT TO AN EXEMPTION

TISI / Team, Inc. / Aristotle Capital Boston, LLC Passive Investment

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b) (AMENDMENT NO. 2)* TEAM, INC. (Name of Issuer) Common Stock, Par Value of $0.30 Per Share (Title of Class of Securities) 878155100 (CUSIP Number) Michelle Gosom Aristotle Ca

Form of Common Stock Purchase Warrant No. 3, dated December 8, 2021, between the Company and Corre Horizon Fund, LP (filed as Exhibit 4.3 to Team, Inc.’s Current Report on Form 8-K filed on December 10, 2021, incorporated herein by reference).

EX-4.3 4 d228142dex43.htm EX-4.3 Exhibit 4.3 THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND MAY BE TRANSFERRED, SOLD OR OTHERWISE DISPOSED OF ONLY IF SUCH SECURITIES HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND ANY APPLICABLE STATE SECURITIES LAWS OR PURSUANT TO AN EXEMPTION

Form of Common Stock Purchase Warrant No. 2, dated December 8, 2021, between the Company and Corre Opportunities Qualified Master Fund, LP (filed as Exhibit 4.2 to Team, Inc.’s Current Report on Form 8-K filed on December 10, 2021, incorporated herein by reference).

Exhibit 4.2 THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND MAY BE TRANSFERRED, SOLD OR OTHERWISE DISPOSED OF ONLY IF SUCH SECURITIES HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND ANY APPLICABLE STATE SECURITIES LAWS OR PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER SUCH ACT

Entry into a Material Definitive Agreement, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): December 6, 2021 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Number

Amendment No. 3 to Subordinated Term Loan Agreement, dated December 7, 2021, by and among the Company, the lenders party thereto, and Corre Credit Fund, LLC, as agent (filed as Exhibit 10.2 to Team, Inc.’s Current Report on Form 8-K filed on December 10, 2021, incorporated herein by reference).

Exhibit 10.2 EXECUTION VERSION AMENDMENT NO. 3 TO UNSECURED TERM LOAN CREDIT AGREEMENT This AMENDMENT NO. 3 TO UNSECURED TERM LOAN CREDIT AGREEMENT (this ?Amendment?), dated as of December 7, 2021, is among TEAM, INC., a Delaware corporation (the ?Borrower?) and each of the Lenders party hereto. W I T N E S S E T H: WHEREAS, the Borrower, the Lenders and the Agent have entered into that certain Un

Resignation, Consent and Appointment Agreement and Amendment No. 4 to Subordinated Term Loan Credit Agreement, dated December 8, 2021, by and among the Company, lenders party thereto, Corre Credit Fund, LLC, as Existing Agent, Cantor Fitzgerald Securities, as Successor Agent, and other guarantors party thereto (filed as Exhibit 10.5 to Team, Inc.’s Current Report on Form 8-K filed on December 10, 2021, incorporated herein by reference).

Exhibit 10.5 EXECUTION VERSION RESIGNATION, CONSENT AND APPOINTMENT AGREEMENT AND AMENDMENT NO. 4 TO UNSECURED TERM LOAN AGREEMENT This Resignation, Consent and Appointment Agreement (the ?Agreement?), is entered into as of December 8, 2021, among Corre Credit Fund, LLC, (in such capacities, the ?Existing Agent?) under that certain Credit Agreement (as defined below), the several banks and other f

Amended and Restated Registration Rights Agreement, dated December 8, 2021, by and between the Company, APSC Holdco II, L.P., Corre Opportunities Qualifies Master Fund, LP, Corre Horizon Fund, LP and Corre Horizon II Fund, LP. (filed as Exhibit 4.5 to Team, Inc.’s Current Report on Form 8-K filed on December 10, 2021, incorporated herein by reference).

Exhibit 4.5 Execution Version AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT This Amended and Restated Registration Rights Agreement (this ?Agreement?), dated as of December 8, 2021, is among Team, Inc., a Delaware corporation (the ?Company?), APSC Holdco II, L.P. (?Atlantic Park?) and the Corre Holders (as defined below), and amends and restates that certain Registration Rights and Lock-Up Ag

Amendment No. 5 to Term Loan Credit Agreement, dated December 7, 2021, among Team, Inc., as Borrower, the financial institutions party thereto and Atlantic Park Strategic Capital Fund, L.P., as agent (filed as Exhibit 10.3 to Team, Inc.’s Current Report on Form 8-K filed on December 10, 2021, incorporated herein by reference).

EX-10.3 9 d228142dex103.htm EX-10.3 Exhibit 10.3 EXECUTION VERSION AMENDMENT NO. 5 TO TERM LOAN CREDIT AGREEMENT This AMENDMENT NO. 5 TO TERM LOAN CREDIT AGREEMENT (this “Amendment”), dated as of December 7, 2021, is among TEAM, INC., a Delaware corporation (the “Borrower”) and each of the Lenders party hereto. W I T N E S S E T H: WHEREAS, the Borrower, the Lenders and the Agent have entered into

Form of Amended & Restated Common Stock Purchase Warrant No. 1, dated December 8, 2021, between the Company and APSC Holdco II, L.P. (filed as Exhibit 4.1 to Team, Inc.’s Current Report on Form 8-K filed on December 10, 2021, incorporated by reference herein).

EX-4.1 2 d228142dex41.htm EX-4.1 Exhibit 4.1 THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND MAY BE TRANSFERRED, SOLD OR OTHERWISE DISPOSED OF ONLY IF SUCH SECURITIES HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND ANY APPLICABLE STATE SECURITIES LAWS OR PURSUANT TO AN EXEMPTION

Entry into a Material Definitive Agreement, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): November 30, 2021 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Numbe

Amendment No. 1 to Subordinated Term Loan Agreement, dated December 6, 2021, by and among the Company, the lenders party thereto, and Corre Credit Fund, LLC, as agent (filed as Exhibit 10.1 to Team, Inc.’s Current Report on Form 8-K (File No. 001-08604) filed on December 6, 2021, incorporated by reference herein).

EX-10.1 2 d228805dex101.htm EX-10.1 Exhibit 10.1 AMENDMENT NO. 1 TO UNSECURED TERM LOAN CREDIT AGREEMENT This AMENDMENT NO. 1 TO UNSECURED TERM LOAN CREDIT AGREEMENT (this “Amendment”), dated as of November 30, 2021, is among TEAM, INC., a Delaware corporation (the “Borrower”) and each of the Lenders party hereto. W I T N E S S E T H: WHEREAS, the Borrower, the Lenders and the Agent have entered i

Amendment No. 4 to Term Loan Credit Agreement, dated December 2, 2021, among Team, Inc., as Borrower, the financial institutions party thereto and Atlantic Park Strategic Capital Fund, L.P., as agent (filed as Exhibit 10.2 to Team, Inc.’s Current Report on Form 8-K filed on December 6, 2021, incorporated herein by reference).

Exhibit 10.2 Execution Version AMENDMENT NO. 4 TO TERM LOAN CREDIT AGREEMENT This AMENDMENT NO. 4 TO TERM LOAN CREDIT AGREEMENT (this ?Amendment?), dated as of December 2, 2021, is among TEAM, INC., a Delaware corporation (the ?Borrower?) and each of the Lenders party hereto. W I T N E S S E T H: WHEREAS, the Borrower, the Lenders and the Agent have entered into that certain Term Loan Credit Agree

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): November 17, 2021 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Numbe

, 2021, between Team, Inc. and APSC Holdco II, L.P. (filed as Exhibit 4.1 to Team, Inc.’s Current Report on From 8-K filed on November 1

EX-4.1 2 d257284dex41.htm EX-4.1 Exhibit 4.1 Execution Version THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND MAY BE TRANSFERRED, SOLD OR OTHERWISE DISPOSED OF ONLY IF SUCH SECURITIES HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND ANY APPLICABLE STATE SECURITIES LAWS OR PURSUAN

Amendment No. 3 to Term Loan Credit Agreement, dated November 8, 2021, among Team, Inc., as Borrower, the financial institutions party thereto and Atlantic Park Strategic Capital Fund, L.P., as agent (filed as Exhibit 10.2 to Team, Inc.’s Current Report on Form 8-K filed on November 12, 2021, incorporated herein by reference).

EX-10.2 4 d257284dex102.htm EX-10.2 Exhibit 10.2 EXECUTION VERSION AMENDMENT NO. 3 TO TERM LOAN CREDIT AGREEMENT This AMENDMENT NO. 3 TO TERM LOAN CREDIT AGREEMENT (this “Amendment”), dated as of November 8, 2021, is among TEAM, INC., a Delaware corporation (the “Borrower”), the Guarantors party hereto, each of the Lenders party hereto and Atlantic Park Strategic Capital Fund, L.P., as agent for t

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Entry into a Material Definitive Agreement, Unregistered Sales of Equity Securities, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): November 7, 2021 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Number

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file numbe

TEAM, INC. REPORTS THIRD QUARTER 2021 RESULTS Entered Into $50 Million Subordinated Term Loan Amended Senior Secured Term Loan Financial Covenants

EX-99.1 2 a8-kex991q3x2021earnings.htm EX-99.1 Exhibit 99.1 NEWS RELEASE Contact: Kevin Smith Vice President, Investor Relations (281) 388-5551 TEAM, INC. REPORTS THIRD QUARTER 2021 RESULTS Entered Into $50 Million Subordinated Term Loan Amended Senior Secured Term Loan Financial Covenants SUGAR LAND, TX – Nov. 12, 2021 – Team, Inc. (NYSE: TISI), a global leading provider of integrated, digitally-

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): November 12, 2021 TEAM, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Numbe