SEC Document


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION  
WASHINGTON, DC 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, 2016
 
TEAM, Inc.
(Exact Name of Registrant as Specified in Charter)
 
 
 
 
 
 
Delaware
 
001-08604
 
74-1765729
(State or Other Jurisdiction
of Incorporation)
 
 
(Commission
File Number)
 
 
(IRS Employer
Identification No.)
 
13131 Dairy Ashford, Suite 600
Sugar Land, Texas 77478
(Address of Principal Executive Offices and Zip Code)
 
Registrant’s telephone number, including area code: (281) 331-6154
 
Not Applicable
(Former name or former address, if changed since last report)
 
Check the appropriate line below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
¨
Written communications pursuant to Rule 425 under the Securities Act (17 — CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 — CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the — Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the — Exchange Act (17 CFR 240.13e-4(c))







Item 5.07 Submission of Matters to a Vote of Security Holders.
 
On May 12, 2016, Team, Inc., a Delaware corporation (the “Company”), held its 2016 Annual Meeting of Stockholders. The following matters were voted upon at the Annual Meeting of Stockholders: (1) the election of Directors of the Company; (2) the ratification of the appointment of KPMG LLP as the Company’s independent auditors for the fiscal year ending December 31, 2016; (3) the advisory vote on the compensation of the Named Executive Officers of the Company; and (4) the approval of the Team, Inc. 2016 Stock Incentive Plan.
  
The following matters voted on at the Annual Meeting of Stockholders of the Company were approved. The voting results were as follows:
 
Proposal #1 – Election of Directors
Name
 
Votes For
 
% of votes cast
 
Votes Withheld
 
% of votes cast
 
Broker Non-Votes
Sylvia J. Kerrigan
 
23,581,044
 
97%
 
621,548
 
3%
 
2,805,255
Emmett J. Lescroart
 
23,299,398
 
96%
 
903,194
 
4%
 
2,805,255
Ted W. Owen
 
23,688,866
 
98%
 
513,726
 
2%
 
2,805,255
 

Proposal #2 – Ratification of Auditors
Votes For
 
% of votes cast
 
Votes Against
 
% of votes cast
 
Abstentions
 
Broker Non-Votes
26,884,090
 
100%
 
104,742
 
—%
 
19,015
 
—
 
Proposal #3 – Advisory Vote on the Compensation of the Named Executive Officers 
Votes For
 
% of votes cast
 
Votes Against
 
% of votes cast
 
Abstentions
 
Broker Non-Votes
23,758,821
 
98%
 
373,655
 
2%
 
70,116
 
2,805,255
 
Proposal #4 – Approval of the Team, Inc. 2016 Stock Incentive Plan 
Votes For
 
% of votes cast
 
Votes Against
 
% of votes cast
 
Abstentions
 
Broker Non-Votes
22,695,887
 
94%
 
1,443,752
 
6%
 
62,953
 
2,805,255


For purposes of this Item 5.07, percentages have been rounded.
 






SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
TEAM, INC.
 
 
 
 
 
 
By:
/s/ André C. Bouchard
 
 
André C. Bouchard
 
 
Executive Vice President – Administration, Chief Legal Officer and Secretary
Dated: May 13, 2016