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): August 2, 2012
 
TEAM, Inc.
(Exact Name of Registrant as Specified in 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 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 5.02.   Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
 
On July 31, 2012, Robert A. Peiser, a director of Team, Inc. (the “Company”), notified the Board of Directors (the “Board”) of the Company of his intent to retire from the Board. Mr. Peiser informed the Company that he would not stand for reelection as a director at the Company’s 2012 Annual Meeting of Shareholders, at which time his current three-year term as a director will expire. Mr. Peiser will continue to serve as a director and on the compensation committee until the 2012 Annual Meeting of Shareholders.
 
 
 
 
 
 
 

 
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.

 
   
 
Team, Inc.
 
(Registrant)
 
Date: August 2, 2012
 
By:
 
/s/ André C. Bouchard
 
André C. Bouchard
 
Senior Vice President – Administration,
General Counsel and Secretary