TEAM INC — Form 8-K
Filed July 10, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
Team Inc.'s Board amended its Corporate Executive Officer Compensation and Benefits Continuation Policy, effective July 7, 2026, to reduce change-in-control severance. All supplemental salary and compensation periods longer than 24 months were capped at 24 months. The supplemental bonus payment formula now equals 2× the higher of most recent or 2-year average bonus (or target bonus if none earned), paid in lump sum alongside salary continuation.
Why this rating
Routine policy amendment reducing exec severance costs; material to named officers but not disclosed with individual impact; no quantified financial effect stated; ordinary governance.
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