0000318833-21-000008.txt : 20210128 0000318833-21-000008.hdr.sgml : 20210128 20210128185147 ACCESSION NUMBER: 0000318833-21-000008 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20210118 FILED AS OF DATE: 20210128 DATE AS OF CHANGE: 20210128 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Murray James Chadwick CENTRAL INDEX KEY: 0001842474 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-08604 FILM NUMBER: 21567219 MAIL ADDRESS: STREET 1: 13131 DAIRY ASHFORD STREET 2: SUITE 600 CITY: SUGAR LAND STATE: TX ZIP: 77478 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: TEAM INC CENTRAL INDEX KEY: 0000318833 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS REPAIR SERVICES [7600] IRS NUMBER: 741765729 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 13131 DAIRY ASHFORD STREET 2: SUITE 600 CITY: SUGAR LAND STATE: TX ZIP: 77478 BUSINESS PHONE: 2813316154 MAIL ADDRESS: STREET 1: 13131 DAIRY ASHFORD STREET 2: SUITE 600 CITY: SUGAR LAND STATE: TX ZIP: 77478 3 1 wf-form3_161187789488114.xml FORM 3 X0206 3 2021-01-18 0 0000318833 TEAM INC TISI 0001842474 Murray James Chadwick 13131 DAIRY ASHFORD, SUITE 600 SUGAR LAND TX 77478 0 1 0 0 President, MOS Common Stock 78457 I 401-K Stock Options (original date of issuance 5/9/2013) 32.05 2023-05-09 Common Stock 2707.0 D Stock Options (original date of issuance 5/13/2014) 50.47 2024-05-13 Common Stock 2214.0 D Restricted Stock Units 0.0 2027-11-15 Common Stock 1437.0 D Restricted Stock Units 0.0 2028-11-15 Common Stock 2083.0 D Restricted Stock Units 0.0 2029-11-15 Common Stock 3369.0 D Restricted Stock Units 0.0 2030-11-15 Common Stock 5770.0 D Options are fully vested. Stock Units vest 25% on 11/15/2018, 11/15/2019, 11/15/2020 and 11/15/2021, unless earlier terminated in accordance with the Plan. Stock Units will automatically be converted into shares of Common Stock in accordance with the respective vesting schedule. The remaining 1,437 restricted stock units vest on 11/15/2021. Stock Units vest 25% on 11/15/2019, 11/15/2020, 11/15/2021 and 11/15/2022, unless earlier terminated in accordance with the Plan. Stock Units will automatically be converted into shares of Common Stock in accordance with the respective vesting schedule. The remaining restricted stock units will vest as follows: 1,041 restricted stock units will vest on 11/15/2021 and 1,042 restricted stock units will vest on 11/15/2022. Stock Units vest 25% on 11/15/2020, 11/15/2021, 11/15/2022 and 11/15/2023, unless earlier terminated in accordance with the Plan. Stock Units will automatically be converted into shares of Common Stock in accordance with the respective vesting schedule. The remaining restricted stock units will vest as follows: 1,123 restricted stock units vest on 11/15/2021, 11/15/2022, and 11/15/2023. Stock Units vest one-third on 11/15/2021, 11/15/2022 and 11/15/2023, unless earlier terminated in accordance with the Plan. Stock Units will automatically be converted into shares of Common Stock in accordance with the respective vesting schedule. The remaining restricted stock units will vest as follows: 1,924 restricted stock units will vest 11/15/2021 and 1,923 restricted stock units will vest 11/15/2022 and 11/15/2023. /s/ James C. Murray 2021-01-28 EX-24 2 ex-24.htm POWER OF ATTORNEY - MURRAY

Know all by these presents, that the undersigned hereby constitutes and appoints each of Andre C. Bouchard and Susan M. Ball, or either of them acting singly and with full power of substitution, the undersigned's true and lawful attorney-in-fact to:
1.    execute for and on behalf of the undersigned, in the undersigned's capacity as an officer or director or both of Team, Inc. (the "Company"), Forms 3, 4 and 5 (and any amendments thereto) in accordance with Section 16(a) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the rules thereunder;
2.    do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete and execute any such Form 3, 4 or 5, complete and execute any amendments thereto, and timely file such form with the U.S. Securities and Exchange Commission (the "SEC") and any securities exchange or similar authority, including without limitation the filing of a Form ID or any other documents necessary or appropriate to enable the undersigned to file the Forms 3, 4 and 5 electronically with the SEC; and
3.    seek or obtain, as the undersigned's representative and on the undersigned's behalf, information on transactions in the Company's securities from any third party, including brokers, employee benefit plan administrators and trustees, and the undersigned hereby authorizes any such person to release any such information to each of the undersigned's attorneys-in-fact appointed by this Limited Power of Attorney and approves and ratifies any such release of information; and
4.    take any other action in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by or for, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Limited Power of Attorney shall be in such form and shall contain such information and disclosure as such attorney-in-fact may approve in such attorney-in-fact's discretion.
The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever required, necessary or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact's substitute or substitutes, shall lawfully do or cause to be done by virtue of this Limited Power of Attorney and the rights and powers herein granted.
The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request and on the behalf of the undersigned, are not assuming, nor is the Company assuming, any of the undersigned's responsibilities to comply with, or any liability for the failure to comply with, any provision of Section 16 of the Exchange Act.
This Limited Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Forms 3, 4 or 5 with respect to the undersigned's holdings of and transactions in securities issued by the Company, unless earlier revoked by the undersigned in a signed writing delivered to each of the foregoing attorneys-in-fact.
IN WITNESS WHEREOF, the undersigned has executed this Limited Power of Attorney as of this 12th day of January, 2021.

/s/ James C. Murray

James C. Murray