TEAM, Inc. (NYSE:TISI) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders.
Company), held its 2017 Annual Meeting of Shareholders. The
following matters were voted upon at the Annual Meeting of
Shareholders: (1) the election of directors of the Company; (2)
the ratification of the appointment of KPMG LLP as the Companys
independent auditors for the fiscal year ending December 31,
2017; (3) the advisory vote on the compensation of the Named
Executive Officers of the Company; (4) the advisory vote on the
frequency of holding future advisory votes on Named Executive
Officer compensation; and (5) approval of the amended and
restated Team, Inc. Executive Incentive Compensation Plan.
as directors set forth in Proposal 1 were each re-elected and
Proposals 2, 3 and 5 were each approved. With regard to Proposal
4, the option of every 1 Year was approved. The voting results
were as follows:
|
Name
|
Votes For
|
% of votes cast
|
Votes Withheld
|
% of votes cast
|
Broker Non-Votes
|
|||||
|
Louis A. Waters
|
23,866,581
|
98%
|
584,415
|
2%
|
2,743,755
|
|||||
|
Jeffery G. Davis
|
23,958,612
|
98%
|
492,384
|
2%
|
2,743,755
|
|||||
|
Gary G. Yesavage
|
23,934,569
|
98%
|
516,427
|
2%
|
2,743,755
|
|
Votes For
|
% of votes cast
|
Votes Against
|
% of votes cast
|
Abstentions
|
% of votes cast
|
Broker Non-Votes
|
||||||
|
26,960,628
|
99%
|
201,345
|
1%
|
32,778
|
0%
|
Executive Officers
|
Votes For
|
% of votes cast
|
Votes Against
|
% of votes cast
|
Abstentions
|
% of votes cast
|
Broker Non-Votes
|
||||||
|
21,100,039
|
86%
|
731,119
|
3%
|
2,619,838
|
11%
|
2,743,755
|
Votes on Named Executive Officer Compensation
|
1 Year
|
2 Years
|
3 Years
|
||||||||||||||
|
Votes For
|
% of votes cast
|
Votes For
|
% of votes cast
|
Votes For
|
% of votes cast
|
Abstentions
|
% of votes cast
|
Broker Non-Votes
|
||||||||
|
21,718,975
|
89%
|
198,820
|
1%
|
2,423,198
|
10%
|
110,003
|
0%
|
2,743,755
|
||||||||
the Company, the Board of Directors has determined that Team will
hold an advisory vote on executive compensation every year.
Executive Incentive Compensation Plan
|
Votes For
|
% of votes cast
|
Votes Against
|
% of votes cast
|
Abstentions
|
% of votes cast
|
Broker Non-Votes
|
||||||
|
21,256,606
|
87%
|
3,118,255
|
13%
|
76,135
|
0%
|
2,743,755
|
rounded to the nearest whole percentage.
About TEAM, Inc. (NYSE:TISI)
Team, Inc. is a provider of specialty industrial services, including inspection and assessment, required in maintaining high temperature and high pressure piping systems and vessels. The Company conducts its operations through three segments: Inspection and Heat Treating Services (IHT) Group, Mechanical Services (MS) Group and Quest Integrity (Quest Integrity) Group. The IHT Group offers inspection services and heat treating services. The MS Group offers both on-stream services and turnaround/project related services, such as leak repair services, fugitive emissions control services, hot tapping services, field machining services and technical bolting services, valve repair services, heat exchanger and maintenance services, isolation and test plug services, valve insertion services and project services. The Quest Integrity Group offers integrity management solutions to the energy industry in the form of quantitative inspection and engineering assessment services and products. TEAM, Inc. (NYSE:TISI) Recent Trading Information
TEAM, Inc. (NYSE:TISI) closed its last trading session up +0.60 at 24.70 with 302,253 shares trading hands.
