{"url_path":"/sec/tisi/8-k/2026-05-20/item-5-07","section_key":"item-5-07","section_title":"Item 5.07 Submission of Matters to a Vote of Security Holders.","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-05-20","source_url":"https://www.sec.gov/Archives/edgar/data/318833/0000318833-26-000032-index.html","accession_number":"0000318833-26-000032","cik":"0000318833","ticker":"TISI","issuer_name":"TEAM INC","edgar_url":"https://www.sec.gov/Archives/edgar/data/318833/0000318833-26-000032-index.html","primary_entity_key":"0000318833","primary_entity_name":"TEAM INC"},"word_count":437,"has_tables":true,"body_markdown":"Item 5.07 Submission of Matters to a Vote of Security Holders.\n\nThe Company’s shareholders considered five proposals at the Annual Meeting, each of which is described in more detail in the Proxy Statement. At the Annual Meeting, the nominees for election as directors set forth in Proposal One were each re-elected and Proposals Two through Five were each approved. The matters voted upon at the Annual Meeting and the results of the votes were as follows:\n\nProposal One: Election of Directors\n\nThe Company’s shareholders elected three Class I directors to the Board of Directors of the Company to each serve for a three-year term expiring at the 2029 Annual Meeting of Shareholders or until their successors are duly elected and qualified.\n\nNominee\n\nVotes For\n\nWithheld\n\nBroker Non-Votes\n\nAnthony R. Horton\n\n2,221,248\n\n83,861\n\n589,860\n\nEvan S. Lederman\n\n2,298,663\n\n6,446\n\n589,860\n\nK. Niclas Ytterdahl\n\n2,297,808\n\n7,301\n\n589,860\n\nProposal Two: Advisory Vote on Named Executive Officer Compensation\n\nThe Company’s shareholders approved, on an advisory basis, named executive officer compensation for fiscal year 2026.\n\nVotes For\n\nVotes Against\n\nAbstentions\n\nBroker Non-Votes\n\n2,246,468\n\n6,521\n\n52,120\n\n589,860\n\nProposal Three: Ratification of the Appointment of KPMG LLP as the Company’s Independent Registered Public Accounting Firm for the Fiscal Year ending December 31, 2026\n\nThe Company’s shareholders ratified the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026.\n\nVotes For\n\nVotes Against\n\nAbstentions\n\nBroker Non-Votes\n\n2,867,656\n\n25,835\n\n1,478\n\n0\n\nProposal Four: Stellex Warrant Shares Issuance Proposal\n\nPursuant to NYSE Listing Rule 312.03(c), the Company’s shareholders approved the issuance of the shares of common stock, par value $0.30 per share, underlying the Warrants (as defined in the Proxy Statement) in accordance with the terms thereof, including, as applicable, below the Minimum Price to and including the Adjustment Floor (each, as defined in the Proxy Statement).\n\nVotes For\n\nVotes Against\n\nAbstentions\n\nBroker Non-Votes\n\n2,276,017\n\n25,655\n\n3,437\n\n589,860\n\nProposal Five: Approval of Amendment No.1 to the Second Amendment and Restatement of the Team, Inc. 2018 Equity Incentive Plan\n\nThe Company’s shareholders approved Amendment No.1 to the Second Amendment and Restatement of the Team, Inc. 2018 Equity Incentive Plan.\n\nVotes For\n\nVotes Against\n\nAbstentions\n\nBroker Non-Votes\n\n2,290,371\n\n11,662\n\n3,076\n\n589,860\n\nExhibit number Description\n\n104Cover Page Interactive Data File (embedded within the Inline XBRL document)\n\nSIGNATURES\n\nPursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.\n\n \n\nTEAM, Inc.\n\nBy:/s/ James C. Webster\n\nJames C. Webster\n\nExecutive Vice President, Chief Legal Officer and Secretary\n\nDated: May 20, 2026"}