-----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, AUQPel2cQO6PDQXjXCsn17grMAzOANIcl/R9JMwbqhztzma//mbaLs4OZ/AcNen1 meso16nNWSXFyxFXx+K3WA== 0001157523-06-012233.txt : 20061218 0001157523-06-012233.hdr.sgml : 20061218 20061218172204 ACCESSION NUMBER: 0001157523-06-012233 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20061214 ITEM INFORMATION: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20061218 DATE AS OF CHANGE: 20061218 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: 061284261 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 a5296832.txt TEAM, INC. 8-K 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): December 14, 2006 ------------------------------ TEAM, Inc. - -------------------------------------------------------------------------------- (Exact Name of Registrant as Specified in Charter) Texas 001-08604 74-1765729 - -------------------------------------------------------------------------------- (State or Other Jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification No.) 200 Hermann Drive Alvin, Texas 77511 - -------------------------------------------------------------------------------- (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 3.01. Transfer of Listing On December 14, 2006, the Board of Directors of the Company approved the transfer of the listing of the Company's common stock from the American Stock Exchange to NASDAQ Global Select Market ("NASDAQ"). Then Company then issued a press release announcing that its application for listing of its common stock on the NASDAQ has been approved. The Company expects to begin trading on the NASDAQ under the symbol "TISI" on or about December 28, 2006. The Company's common stock will continue trading on the American Stock Exchange under the symbol "TMI" until the move is complete. Item 9.01. Exhibits 99.1 Press Release dated December 14, 2006. 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/ Ted W. Owen ---------------------------- Ted W. Owen Senior Vice President - Chief Financial Officer Dated: December 18, 2006 EXHIBIT INDEX Exhibit number Description - -------------- ----------- 99.1 TEAM, Inc.'s Press Release dated December 14, 2006 EX-99.1 2 a5296832ex99_1.txt EXHIBIT 99.1 Exhibit 99.1 Team, Inc. Announces Move to NASDAQ Global Select Market ALVIN, Texas--(BUSINESS WIRE)--Dec. 14, 2006--Team, Inc., (AMEX:TMI), a leading provider of specialty industrial services, announced today that its application for listing of its common stock on the NASDAQ Global Select Market ("NASDAQ") has been approved. The Company expects to begin trading on the NASDAQ under the symbol "TISI" on or about December 28, 2006. The Company's common stock will continue trading on the American Stock Exchange under the symbol "TMI" until the move is complete. Philip J. Hawk, Chairman and CEO of Team, said, "We are proud to be moving to the NASDAQ Global Select Market, created for companies that meet the most stringent financial listing requirements. This is an exciting and significant event in the life of our Company. NASDAQ attracts growth companies from across all industry sectors, and we look forward to being a part of this exciting market. We are also delighted to be trading under the symbol 'TISI' which is the acronym of our operating company, Team Industrial Services, Inc." About Team, Inc. Headquartered in Alvin, Texas, Team, Inc. is a leading provider of specialty and construction services required in maintaining high temperature, high pressure piping systems and vessels utilized extensively in the refining, petrochemical, power, pipeline, and other heavy industries. Team's inspection services also serve a broader customer base that includes the aerospace and automotive industries. Team offers these services in over 70 customer service locations throughout the United States Canada, Aruba, Singapore Trinidad and Venezuela. The Company licenses its proprietary techniques and materials to various companies outside the United States and receives royalties based upon revenues earned by its licensees. Team, Inc. common stock is traded on the American Stock Exchange under the ticker symbol "TMI". Certain forward-looking information contained herein is being provided in accordance with the provisions of the Private Securities Litigation Reform Act. Such information is subject to certain assumptions and beliefs based on current information known to the Company and is subject to factors that could result in actual results differing materially from those anticipated in the forward-looking statements contained herein. Such factors include domestic and international economic activity, interest rates, and market conditions for the Company's customers, regulatory changes and legal proceedings, and the Company's successful implementation of its internal operating plans. Accordingly, there can be no assurance that the forward-looking statements contained herein will occur or that objectives will be achieved. CONTACT: Team, Inc., Alvin Ted W. Owen, 281-331-6154 -----END PRIVACY-ENHANCED MESSAGE-----