0000890566-95-000541.txt : 19950905 0000890566-95-000541.hdr.sgml : 19950905 ACCESSION NUMBER: 0000890566-95-000541 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19950825 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19950901 SROS: AMEX FILER: 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: TX FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-09950 FILM NUMBER: 95569805 BUSINESS ADDRESS: STREET 1: 1001 FANNIN STE 4656 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 7136593600 8-K 1 CURRENT REPORT ON FORM 8-K SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ----------------- FORM 8-K PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 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 25, 1995 TEAM, INC. (Exact name of registrant as specified in its charter) Texas 1-8604 74-1765729 (State or other juris- (Commission (IRS Employer diction of incorporation File No.) Identification No.) 1001 Fannin Street, Suite 4656 Houston, Texas 77002 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (713) 659-3600. 1 ITEM 5. OTHER EVENTS. The information contained in that certain press release dated August 25, 1995 entitled "Team Reports Change in President and CEO" is hereby incorporated by reference. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (c) Exhibits 20. Press Release dated August 25, 1995 entitled "Team Reports Change in President and CEO." 2 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 thereunto duly authorized. Date: August 31, 1995 TEAM, INC. WILLIAM A. RYAN By: William A. Ryan Chairman of the Board, Chief Executive Officer and President JOHN M. SLACK By: John M. Slack Vice President and Chief Financial Officer 3 EX-20 2 PRESS RELEASE John M. Slack Chief Financial Officer FOR IMMEDIATE RELEASE TEAM REPORTS CHANGE IN PRESIDENT AND CEO HOUSTON, TEXAS, August 25, 1995 ............................... TEAM, INC. (AMEX: TMI) today announced that the Board of Directors elected Mr. William A. Ryan as the Company's interim Chairman, President and Chief Executive Officer effective August 25, 1995 to replace H. Wesley Hall. Mr. Ryan has been a Director of the Company since 1987. Mr. Ryan has, since 1974, been President and a Director of Continental Materials Corporation, a publicly held company based in Chicago, Illinois. Continental Materials Corporation is engaged in the business of manufacturing heating and cooling equipment and producing minerals and mineral products. Under the terms of a consulting agreement entered into previously, Mr. Hall has agreed to provide consulting services to Team for a period of ten years and to refrain from competing with the Company, in consideration for payments under such agreement. Team, Inc. is a professional, full-service provider of environmental consulting, engineering, monitoring and repair services to industrial firms and governmental entities throughout the United States. Headquartered in Houston, Texas, the Company currently operates 43 locations in 24 states and one international location in England. The Company also serves the international market through licensee arrangements in 15 countries. Team, Inc. common stock is traded on the American Stock Exchange under the ticker symbol "TMI".