Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers



On January 14, 2021, TEAM, Inc. (the "Company" or "TEAM") announced a strategic
reorganization to better position the company for the recovery, continue sector
diversification, and enhance client value (the "Reorganization"). In connection
with the Reorganization, the Company announced certain executive leadership
changes and the appointment of experienced new talent to the Company's
leadership team effective January 18, 2021. The Board of Directors of the
Company (the "Board") appointed Keith Tucker, as President, Inspection & Heat
Treating, Chad Murray, as President, Mechanical & Onstream Services, and Robert
Young, as President, Asset Integrity & Digital.

In connection with the Reorganization, Jeff Ott, President - Product & Services
Lines, and Grant Roscoe, President - Operations, have agreed to transition out
of their current roles and to serve as advisors to the Company. Mr. Ott and Mr.
Roscoe intend to remain with the Company in such an advisory capacity through
June 30, 2021 and March 15, 2021, respectively. The Company and the Board are
grateful to Messrs. Ott and Roscoe for their years of dedication and service to
the Company.

Business Experience

Mr. Tucker, 51, joined the Company in 2005 and has 32 years of industry
experience, including prior positions at Citgo Petroleum Corporation and BP
Amoco. Mr. Tucker began his career as an inspector and has served as TEAM's
Executive Vice President - North Division since June 2018, after having held the
positions of Executive Vice President - Mid Continent Division from April 2016
to May 2018, and Vice President of the Great Lakes Region, Inspection & Heat
Treating segment from January 2008 to March 2016.

Mr. Murray, 47, has worked for TEAM or TEAM acquired companies for over 22 years
and most recently served as TEAM's Executive Vice President - Texas Gulf
Division since June 2018. From April 2012 until June 2018, Mr. Murray held
various Executive Vice President positions with the Company including as
Executive Vice President of Central & Eastern US Mechanical Services, Global
Business Development & Marketing, and Global Products & Service Lines. Mr.
Murray has over 25 years of industry experience, having begun his career at
Baker Hughes INTEQ before joining Cooper Heat-MQS, which was acquired by TEAM in
2004, and then joined Furmanite Corporation, which was acquired by TEAM in 2016.
Mr. Murray has a Bachelor of Science in Management from Louisiana Tech
University.

Mr. Young, 49, joined TEAM in January 2018 and has over 26 years of industry
experience, including positions at Applus+RTD, a company focused on
Non-Destructive Examination, asset integrity inspection services and technical
staffing, where he served as President - US Operations from March 2015 to
January 2018, and at T.D. Williamson, Inc., where he served as Director, Global
Integrity Operations from January 2013 to March 2015. In his most recent role as
TEAM's Executive Vice President ­ Product & Service Lines, he helped obtain new
patents and patent­pending products. Mr. Young has a Bachelor of Science in
Marine Science from Texas A&M University.

There is no family relationship between any of Messrs. Tucker, Murray or Young
and any director, executive officer, or person chosen by the Company to become a
director or executive officer, nor are there any arrangements between any of
Messrs. Tucker, Murray or Young and any other persons pursuant to which any of
Messrs. Tucker, Murray or Young was selected to serve as an officer. There are
no transactions to which the Company or any of its subsidiaries is a party and
in which any of Messrs. Tucker, Murray or Young has a direct or indirect
material interest subject to disclosure under Item 404(a) of Regulation S-K.

Compensation Information



In connection with their respective appointments, the Compensation Committee
(the "Committee") of the Board approved the following compensation arrangements,
for each of Messrs. Tucker, Murray and Young, which are set forth in their
respective offer letters (each an "Offer Letter"): (i) an annual base salary of
$385,000 per year, (ii) eligibility to participate in the Company's annual cash
bonus incentive plan with the target bonus of 60% of base salary that can range
from 0% to 120% of base salary as a maximum bonus (as determined by the
Committee) upon achievement against performance objectives to be determined by
the Committee, (iii) eligibility to receive annual long-term equity incentive
awards with the expectation that for 2021, each of Messrs. Tucker, Murray and
Young will be awarded an aggregate long-term incentive opportunity of $400,000,
consisting of (1) performance stock units, or equivalent performance-based
equity compensation, valued at $240,000, and (2) time-based restricted stock
units valued at $160,000, subject to such executive's employment on the grant
dates. The terms and conditions applicable to the 2021 long-term incentive
awards, including award values and vesting requirements, will be generally
consistent with the terms and conditions applicable to the 2021 annual equity
awards granted to similarly-situated

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executives, as determined by the Committee. The total dollar amount of annual
equity awards to be awarded will be reviewed and approved by the Committee each
year based on the market and such executive's performance.

The Company and Messrs. Ott and Roscoe are negotiating respective separation agreements which will outline their respective transitions from the Company.

Item 7.01. Regulation FD Disclosure

On January 14, 2021, the Company issued a press release announcing the Reorganization. A copy of the press release is furnished as Exhibit 99.1 and incorporated herein by reference.



The information in Item 7.01 of this Current Report on Form 8-K (including
Exhibit 99.1 attached hereto) is being furnished pursuant to Item 7.01 and shall
not be deemed to be filed for purposes of Section 18 of the Securities Exchange
Act of 1934, as amended (the "Exchange Act"), or otherwise be subject to the
liabilities of that section, nor shall it be deemed to be incorporated by
reference in any filing under the Securities Act of 1933, as amended, or the
Exchange Act, whether made before or after the date hereof and regardless of any
general incorporation language in such filing.

Item 9.01. Financial Statements and Exhibits



(d)    Exhibits. The following exhibit is furnished as part of Item 5.02 of this
Current Report on Form 8-K:

     Exhibit number                  Description

          99.1                         Team Inc's Press Release issued January 14, 2021
          104                        Cover Page Interactive Data File

(embedded within the Inline XBRL


                                     document)

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