f8k_100114.htm
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): September 29, 2014
 
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.)
 
13131 Dairy Ashford, Suite 600
Sugar Land, Texas 77478
(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 5.07 SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
 
On September 25, 2014, Team, Inc., a Delaware Corporation (the “Company”), held its 2014 Annual Meeting of Stockholders. The following matters were voted upon at the Annual Meeting of Stockholders: (1) the election of Directors of the Company; (2) the ratification of the appointment of KPMG LLP as the Company’s independent auditors for fiscal year 2015; and (3) the advisory vote on the compensation of the Named Executive Officers of the Company.
 
The following matters voted on at the Annual Meeting of Stockholders of the Company were approved. The voting results were as follows:
 
Proposal #1 – Election of Directors
 
 
Name
  
Votes For
  
  
% of
votes
cast
  
  
Withheld
Votes
  
  
% of
votes
cast
  
  
Abstentions
  
  
Broker Non-
Votes
  
Philip J. Hawk
  
  
16,855,177
  
  
  
98.2
  
  
  
297,467
  
  
  
1.7
  
  
  
7,720
  
  
  
1,956,219
  
Louis A. Waters
  
  
16,689,715
  
  
  
97.3
  
  
  
463,035
  
  
  
2.7
  
  
  
7,614
  
  
  
1,956,219
  
Ted W. Owen
  
  
17,024,631
  
  
  
99.2
  
  
  
130,672
  
  
  
0.8
  
  
  
5,061
  
  
  
1,956,219
  
 
Proposal #2 – Ratification of Auditors
 
   
  
    
  
% of votes cast at
the Annual Meeting
    
 
Votes For
  
  
19,033,494
  
  
  
99.6
  
  
 
Votes Against
  
  
78,018
  
  
  
0.4
  
  
 
Abstentions
  
  
5,071
  
  
  
0.0
  
  
 
Proposal #3 – Advisory Vote on the Compensation of the Named Executive Officers
 
   
  
    
  
% of votes cast
on the Proposal
    
 
Votes For
  
  
17,050,113
  
  
  
99.4
  
  
 
Votes Against
  
  
64,302
  
  
  
.4
  
  
 
Abstentions
  
  
45,949
  
  
  
.3
  
  
 
Broker Non-Votes
  
  
1,956,219
  
  
  
—  
  
  
 
For purposes of this Item 5.07, percentages have been rounded.
 
 
 
 
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/ André C. Bouchard
 
André C. Bouchard
 
Senior Vice President – Administration,
General Counsel and Secretary
 
Dated: September 29, 2014