Filing Summary
Company: TEAM, Inc. (NYSE: TISI). Filing: Form 8-K reporting an executive accounting leadership change announced October 1, 2026; signed October 6, 2026.
Leadership Changes
- Matthew Acosta departed as Vice President and Chief Accounting Officer effective October 1, 2026. The company stated his departure did not result from a disagreement concerning its operations, policies, or practices.
- George Philip was appointed Chief Accounting Officer effective October 2, 2026. He had served as Corporate Controller since October 2021 and previously led SEC reporting and technical accounting. He is a CPA in Texas and California and a Fellow Member of ACCA.
- The company will enter into its standard indemnification agreement with Mr. Philip. The filing reports no appointment arrangements with other persons, relevant family relationships, or reportable material interests in transactions.
Financial Information and Outlook
This 8-K reports an officer departure and appointment, not financial results. It provides no revenue, earnings, cash flow, margins, debt, liquidity, comparative-period metrics, guidance, or financial outlook.
Investor Verification
- Confirm the effective dates of the departure and appointment.
- Review subsequent filings for any additional details about the accounting leadership transition or its effects on financial reporting.
- Review the referenced standard indemnification agreement, previously filed as an exhibit to the company’s February 9, 2018 Form 8-K.