UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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 21, 2011
Team, Inc.
(Exact name of registrant as specified in its charter)
Delaware |
001-08604 |
74-1765729 |
| (State or other jurisdiction of incorporation) |
(Commission File Number) | (IRS Employer Identification No.) |
200 Hermann Drive Alvin, Texas |
77511 |
| (Address of principal executive offices) | (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 box 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. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On December 19, 2011, Team, Inc. (the "Company") provided notice to the NASDAQ Global Select Market ("NASDAQ") that the Company intends to transfer the listing of its common stock, par value $0.30 per share, from the NASDAQ to the New York Stock Exchange ("NYSE"). The Company common stock has been authorized for listing and is scheduled to begin trading on the NYSE on January 3, 2012 under its current ticker symbol "TISI".
Item 8.01. Other Events.
A news release dated December 20, 2011 is attached hereto as Exhibit 99.1 and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits:
99.1 News release dated December 20, 2011.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Team, Inc.
(Registrant) |
||
| December 21, 2011
(Date) |
/s/ André C. Bouchard
André C. Bouchard Senior Vice President - Administration, General Counsel and Secretary |
EXHIBIT 99.1
ALVIN, Texas, Dec. 20, 2011 (GLOBE NEWSWIRE) -- Team, Inc. (Nasdaq:TISI) today announced the pending transfer of the listing of its common stock from the NASDAQ Global Select market (NASDAQ) to the New York Stock Exchange (NYSE). The Company expects to begin trading on the NYSE on January 3, 2012, under its current ticker symbol "TISI". Until the transfer is complete, the Company's common stock will continue to trade on NASDAQ.
Headquartered in Alvin, Texas, Team, Inc. is a leading provider of specialty industrial services required in inspection and assessment, and maintaining and installing high-temperature and high-pressure piping systems and vessels that are utilized extensively in the refining, petrochemical, power, pipeline and other heavy industries. Team offers these services in over 100 locations throughout the world. Team's common stock is traded on the NASDAQ Global Select Market under the ticker symbol "TISI".
CONTACT: TEAM, INC.
P. O. Box 123
Alvin, Texas 77512
Ted W. Owen
(281) 331-6154