-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CY8TTIWYufWo1YKZY+fitm2J8Fm/X/deKQQFS9KyEjplRe4DFUlvCMrYSaWzrLRC ubpZOeA2U+reJk8No0Wp4Q== 0000950129-02-002063.txt : 20020423 0000950129-02-002063.hdr.sgml : 20020423 ACCESSION NUMBER: 0000950129-02-002063 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020417 ITEM INFORMATION: Changes in registrant's certifying accountant ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020423 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: 001-08604 FILM NUMBER: 02618457 BUSINESS ADDRESS: STREET 1: 200 HERMANN DRIVE CITY: ALVIN STATE: TX ZIP: 77056 BUSINESS PHONE: 2813316154 MAIL ADDRESS: STREET 1: 1019 SOUTH HOOD STREET CITY: ALVIN STATE: TX ZIP: 77551 8-K 1 h96252e8-k.txt TEAM INC - APRIL 17, 2002 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) APRIL 17,2002 --------------------- TEAM, INC. (Exact name of registrant as specified in its charter) TEXAS (State of incorporation) 0-9950 74-1765729 (Commission File Number) (I.R.S. Employer Identification No.) 200 HERMANN DRIVE, ALVIN, TEXAS 77511 (Address of principal executive offices) (Zip Code) 281-331-6154 (Registrant's Telephone Number, Including Area Code) ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT. Effective April 17, 2002, the Company rescinded the appointment of Arthur Andersen LLP as its independent auditor for the year ended May 31, 2002. Arthur Andersen LLP was initially appointed as the Company's auditor effective as of August 31, 2001 but has not yet performed an audit of the Company's financial statements for any fiscal year. Deloitte & Touche LLP audited the financial statements for the fiscal years 2001 and 2000 and expressed unqualified opinions thereon. The termination of Deloitte & Touche LLP and the appointment of Arthur Andersen LLP were previously reported on a Form 8-K/A that was filed on October 3, 2001. The decision to now rescind the appointment of Arthur Andersen LLP has been approved by the Audit Committee and the Board of Directors. There have been no disagreements with Arthur Andersen LLP on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure since the date of their appointment on August 31, 2001, through the rescission of their appointment on April 17, 2002. Additionally, there have been no reportable events, as defined by item 304 (a)(1)(v) of Regulation S-K during the same period. A letter from Arthur Andersen LLP, addressed to the Securities and Exchange Commission, expressing agreement with the above statement is filed as an exhibit to this Form 8-K. The Company is in the process of selecting a new auditor for the fiscal year ended May 31, 2002 and will file an 8-K when the new auditor is formally engaged. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS Exhibit # Description - --------- ----------- (16) Letter dated April 18, 2002 to SEC from Arthur Andersen LLP re: change in accountant. 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. --------------------------- (Registrant) /s/ Ted W. Owen --------------------------- Ted W. Owen Vice President and CFO (Principal Accounting Officer) Date: April 23, 2002 EX-16 3 h96252ex16.txt LETTER TO SEC FROM ARTHUR ANDERSEN LLP EXHIBIT 16 Office of the Chief Accountant Securities and Exchange Commission 450 Fifth Street, N.W. Washington, D.C. 20549 April 18, 2002 Dear Sir/Madam: We have read paragraphs 1 through 3 of Item 4 included in the Form 8-K dated April 17, 2002 of Team, Inc. filed with the Securities and Exchange Commission and are in agreement with the statements contained therein. Very truly yours, /s/ ARTHUR ANDERSEN LLP cc: Mr. Ted W. Owen, Chief Financial Officer Team, Inc. -----END PRIVACY-ENHANCED MESSAGE-----