<SEC-DOCUMENT>0000899140-25-000742.txt : 20250604
<SEC-HEADER>0000899140-25-000742.hdr.sgml : 20250604
<ACCEPTANCE-DATETIME>20250604184838
ACCESSION NUMBER:		0000899140-25-000742
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20250602
FILED AS OF DATE:		20250604
DATE AS OF CHANGE:		20250604

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Corre Opportunities Qualified Master Fund, LP
		CENTRAL INDEX KEY:			0001601971
		ORGANIZATION NAME:           	
		STATE OF INCORPORATION:			E9

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08604
		FILM NUMBER:		251024551

	BUSINESS ADDRESS:	
		STREET 1:		12 EAST 49TH STREET, 40TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		646-863-7151

	MAIL ADDRESS:	
		STREET 1:		12 EAST 49TH STREET, 40TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Corre Partners Management, LLC
		CENTRAL INDEX KEY:			0001537323
		ORGANIZATION NAME:           	
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08604
		FILM NUMBER:		251024553

	BUSINESS ADDRESS:	
		STREET 1:		12 EAST 49TH STREET
		STREET 2:		SUITE 4003
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		646 863 7150

	MAIL ADDRESS:	
		STREET 1:		12 EAST 49TH STREET
		STREET 2:		SUITE 4003
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Corre Horizon II Fund, LP
		CENTRAL INDEX KEY:			0001823817
		ORGANIZATION NAME:           	
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08604
		FILM NUMBER:		251024550

	BUSINESS ADDRESS:	
		STREET 1:		12 EAST 49TH STREET
		STREET 2:		40TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		7478637151

	MAIL ADDRESS:	
		STREET 1:		12 EAST 49TH STREET
		STREET 2:		40TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			CORRE HORIZON FUND, LP
		CENTRAL INDEX KEY:			0001751529
		ORGANIZATION NAME:           	
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08604
		FILM NUMBER:		251024552

	BUSINESS ADDRESS:	
		STREET 1:		CONYERS TRUST COMPANY (CAYMAN) LTD
		STREET 2:		CRICKET SQUARE, HUTCHINS DR, BOX 2681
		CITY:			GRAND CAYMAN
		STATE:			E9
		ZIP:			KY1-1111
		BUSINESS PHONE:		345-949-1040

	MAIL ADDRESS:	
		STREET 1:		CONYERS TRUST COMPANY (CAYMAN) LTD
		STREET 2:		CRICKET SQUARE, HUTCHINS DR, BOX 2681
		CITY:			GRAND CAYMAN
		STATE:			E9
		ZIP:			KY1-1111

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TEAM INC
		CENTRAL INDEX KEY:			0000318833
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-MISCELLANEOUS REPAIR SERVICES [7600]
		ORGANIZATION NAME:           	07 Trade & Services
		EIN:				741765729
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		13131 DAIRY ASHFORD
		STREET 2:		SUITE 600
		CITY:			SUGAR LAND
		STATE:			TX
		ZIP:			77478
		BUSINESS PHONE:		2813316154

	MAIL ADDRESS:	
		STREET 1:		13131 DAIRY ASHFORD
		STREET 2:		SUITE 600
		CITY:			SUGAR LAND
		STATE:			TX
		ZIP:			77478
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>form4.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0508</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2025-06-02</periodOfReport>

    <issuer>
        <issuerCik>0000318833</issuerCik>
        <issuerName>TEAM INC</issuerName>
        <issuerTradingSymbol>TISI</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001537323</rptOwnerCik>
            <rptOwnerName>Corre Partners Management, LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>12 EAST 49TH STREET</rptOwnerStreet1>
            <rptOwnerStreet2>40TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10017</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isTenPercentOwner>true</isTenPercentOwner>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001751529</rptOwnerCik>
            <rptOwnerName>CORRE HORIZON FUND, LP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>12 EAST 49TH STREET, 40TH FLOOR</rptOwnerStreet1>
            <rptOwnerStreet2>40TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10017</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isTenPercentOwner>true</isTenPercentOwner>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001601971</rptOwnerCik>
            <rptOwnerName>Corre Opportunities Qualified Master Fund, LP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>12 EAST 49TH STREET, 40TH FLOOR</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10017</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isTenPercentOwner>true</isTenPercentOwner>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001823817</rptOwnerCik>
            <rptOwnerName>Corre Horizon II Fund, LP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>12 EAST 49TH STREET</rptOwnerStreet1>
            <rptOwnerStreet2>40TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10017</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isTenPercentOwner>true</isTenPercentOwner>
        </reportingOwnerRelationship>
    </reportingOwner>

    <aff10b5One>false</aff10b5One>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock, par value $0.30 per share</value>
            </securityTitle>
            <transactionDate>
                <value>2025-06-02</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>1613</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>17.9085</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1561133</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnote</value>
                    <footnoteId id="F4"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock, par value $0.30 per share</value>
            </securityTitle>
            <transactionDate>
                <value>2025-06-03</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>5856</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>19.0687</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1566989</value>
                    <footnoteId id="F2"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnote</value>
                    <footnoteId id="F4"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock, par value $0.30 per share</value>
            </securityTitle>
            <transactionDate>
                <value>2025-06-04</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>2311</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>19.0232</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1569300</value>
                    <footnoteId id="F3"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnote</value>
                    <footnoteId id="F4"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Notes are included on Exhibit 99.1.</footnote>
        <footnote id="F2">Notes are included on Exhibit 99.1.</footnote>
        <footnote id="F3">Notes are included on Exhibit 99.1.</footnote>
        <footnote id="F4">Notes are included on Exhibit 99.1.</footnote>
    </footnotes>

    <remarks>Exhibit List:

Exhibit 99.1 Explanation of Responses</remarks>

    <ownerSignature>
        <signatureName>Corre Partners Management, LLC
/s/ John Barrett, Managing Member</signatureName>
        <signatureDate>2025-06-04</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Corre Horizon Fund, LP By: Corre Partners Advisors, LLC, its general partner /s/ John Barrett, Managing Member</signatureName>
        <signatureDate>2025-06-04</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Corre Opportunities Qualified Master Fund, LP
By: Corre Partners Advisors, LLC, its general partner
/s/ John Barrett, Managing Member</signatureName>
        <signatureDate>2025-06-04</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Corre Horizon II Fund, LP
By: Corre Partners Advisors, LLC, its general partner
/s/ John Barrett, Managing Member</signatureName>
        <signatureDate>2025-06-04</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>c75542580.htm
<DESCRIPTION>EXPLANATION OF RESPONSES
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Willkie Farr & Gallagher LLP
         Document created using Broadridge PROfile 25.1.1.5279
         Copyright 1995 - 2025 Broadridge -->
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<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
  <font style="font-size: 12pt;"> </font>
  <div>
    <div><font style="font-size: 12pt;"><br>
      </font> </div>
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        <tr>
          <td style="width: 20%; vertical-align: top;">
            <div style="font-size: 12pt;">Designated Filer:</div>
          </td>
          <td style="width: 80%; vertical-align: top;">
            <div style="font-size: 12pt;">Corre Partners Management, LLC</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">
            <div style="font-size: 12pt;">Issuer &amp; Ticker Symbol</div>
          </td>
          <td style="width: 80%; vertical-align: top;">
            <div style="font-size: 12pt;">Team, Inc. (TISI)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">
            <div style="font-size: 12pt;">Date of Event Requiring Statement:</div>
          </td>
          <td style="width: 80%; vertical-align: top;">
            <div style="font-size: 12pt;">June 2, 2025</div>
          </td>
        </tr>

    </table>
    <div style="text-align: right;"><font style="font-weight: bold; font-size: 12pt;">Exhibit 99.1&#160;</font><font style="font-size: 12pt;"> <br>
      </font> </div>
    <div><font style="font-size: 12pt;"><br>
      </font> </div>
    <font style="font-size: 12pt;"><br>
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    <div style="font-size: 12pt;"><br>
    </div>
    <div style="text-align: justify; color: #000000;"><font style="font-size: 12pt; font-family: 'Times New Roman',Times,serif;"><u>Explanation of Responses</u></font><font style="font-size: 12pt;">:</font></div>
    <div style="font-size: 12pt;"><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="zf27d8a2d379c432c9388b6257df6847c" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 3.19%; vertical-align: top; font-size: 12pt;">
            <div style="text-align: center; margin-left: 4.5pt; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">(1)</div>
          </td>
          <td style="width: 96.81%; vertical-align: top;">
            <div style="text-align: justify; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 12pt;">Following this transaction on June 2, 2025, the securities were held directly by (i) Corre Opportunities Qualified
              Master Fund, LP (which held 1,040,951 shares of Common Stock), (ii) Corre Horizon Fund, LP (which held 249,942 shares of Common Stock) and (iii) Corre Horizon II Fund, LP (which held 270,240 shares of Common Stock).</div>
            <div style="text-align: justify; color: #000000;"> <font style="font-size: 12pt;"><br>
              </font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 3.19%; vertical-align: top; font-size: 12pt;">
            <div style="text-align: center; margin-left: 4.5pt; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">(2)</div>
          </td>
          <td style="width: 96.81%; vertical-align: top;">
            <div style="text-align: justify; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 12pt;">Following this transaction on June 3, 2025, the securities were held directly by (i) Corre Opportunities Qualified
              Master Fund, LP (which held 1,040,951 shares of Common Stock), (ii) Corre Horizon Fund, LP (which held 249,942 shares of Common Stock) and (iii) Corre Horizon II Fund, LP (which held 276,096 shares of Common Stock).</div>
            <div style="text-align: justify; color: #000000;"> <font style="font-size: 12pt;"><br>
              </font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 3.19%; vertical-align: top; font-size: 12pt;">
            <div style="text-align: center; margin-left: 4.5pt; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">(3)</div>
          </td>
          <td style="width: 96.81%; vertical-align: top;">
            <div style="text-align: justify; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 12pt;">Following this transaction on June 4, 2025, the securities were held directly by (i) Corre Opportunities Qualified
              Master Fund, LP (which held 1,040,951 shares of Common Stock), (ii) Corre Horizon Fund, LP (which held 249,942 shares of Common Stock) and (iii) Corre Horizon II Fund, LP (which held 278,407 shares of Common Stock).</div>
            <div style="text-align: justify; color: #000000;"> <font style="font-size: 12pt;"><br>
              </font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 3.19%; vertical-align: top; font-size: 12pt;">
            <div style="text-align: center; margin-left: 4.5pt; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">(4)</div>
          </td>
          <td style="width: 96.81%; vertical-align: top; font-size: 12pt;">
            <div style="text-align: justify; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Each of the Funds is a client of Corre Partners Management, LLC (the &#8220;Investment Adviser&#8221;). The Investment Adviser has been delegated
              investment management authority over the assets of the Funds by Corre Partners Advisors, LLC, the general partner of the Funds (the &#8220;General Partner&#8221;). Mr. John Barrett and Mr. Eric Soderlund are the co-owners and managing members of the
              Investment Adviser and the General Partner.</div>
          </td>
        </tr>

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      <div> </div>
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