AGM/EGMMay 20, 2026, 04:28 PM
Team Inc. Shareholders Approve 250K Equity Plan Shares, Director Re-elections
AI Summary
Team, Inc. held its 2026 Annual Meeting of Shareholders, where several key proposals were approved. Shareholders re-elected three Class I directors and ratified the appointment of KPMG LLP as the independent auditor for fiscal year 2026. Additionally, the company's shareholders approved an amendment to the 2018 Equity Incentive Plan, increasing the shares available for issuance by 250,000, and also approved the issuance of shares underlying the Stellex Warrants.
Key Highlights
- Shareholders re-elected three Class I directors: Anthony R. Horton (2,221,248 votes For), Evan S. Lederman (2,298,663 votes For), and K. Niclas Ytterdahl (2,297,808 votes For).
- Approved Amendment No.1 to the 2018 Equity Incentive Plan, increasing shares available for issuance by 250,000 (2,290,371 votes For).
- Approved, on an advisory basis, named executive officer compensation for fiscal year 2026 (2,246,468 votes For).
- Ratified the appointment of KPMG LLP as the independent registered public accounting firm for fiscal year 2026 (2,867,656 votes For).
- Approved the issuance of common stock underlying the Stellex Warrants (2,276,017 votes For).
Price Impact
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