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: June 30, 2005)
TEAM, Inc.
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(Exact Name of Registrant as Specified in its Charter)
Texas 0-9950 74-1765729
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(State or Other Jurisdiction (Commission File Number) (I.R.S. Employer
of Incorporation) 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
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ITEM 8.01 - OTHER EVENTS
In a meeting held on June 30, 2005, the Board of Directors of Team, Inc. voted
to increase the compensation of any Board member who serves as the Chair of the
Audit Committee of the Board by the amount of $10,000 per year.
SIGNATURE
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.
By: /s/ Gregory T. Sangalis
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Gregory T. Sangalis
Senior Vice President -
Law & Administration
Date: July 5, 2005