<SEC-DOCUMENT>0000899140-25-001408.txt : 20251203
<SEC-HEADER>0000899140-25-001408.hdr.sgml : 20251203
<ACCEPTANCE-DATETIME>20251203205742
ACCESSION NUMBER:		0000899140-25-001408
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20251201
FILED AS OF DATE:		20251203
DATE AS OF CHANGE:		20251203

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:		251548039

	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:		251548041

	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:		251548038

	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:		251548040

	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>2025-12-01</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></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>2025-12-01</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>13334</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>14.83</value>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1600630</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnote</value>
                    <footnoteId id="F2"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock, par value $0.30 per share</value>
            </securityTitle>
            <transactionDate>
                <value>2025-12-03</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>700</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>14.89</value>
                    <footnoteId id="F3"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1601330</value>
                </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 Opportunities Qualified Master Fund, LP By: Corre Partners Advisors, LLC, its general partner /s/ John Barrett, Managing Member</signatureName>
        <signatureDate>2025-12-03</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Corre Partners Management, LLC /s/ John Barrett, Managing Member</signatureName>
        <signatureDate>2025-12-03</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Corre Horizon Fund, LP By: Corre Partners Advisors, LLC, its general partner /s/ John Barrett, Managing Member</signatureName>
        <signatureDate>2025-12-03</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Corre Horizon II Fund, LP By: Corre Partners Advisors, LLC, its general partner /s/ John Barrett, Managing Member</signatureName>
        <signatureDate>2025-12-03</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>c991.htm
<DESCRIPTION>EXPLANATION OF RESPONSES
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Willkie Farr & Gallagher LLP
         Document created using Broadridge PROfile 25.5.1.5318
         Copyright 1995 - 2025 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
  <div><br>
  </div>
  <table cellspacing="0" cellpadding="0" id="z343ce342e66a41139879ca0eb94e30a3" 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: 51.19%; vertical-align: top;">
          <div style="color: #000000; font-size: 12pt;">Designated Filer:</div>
        </td>
        <td style="width: 48.81%; vertical-align: top;">
          <div style="color: #000000; font-size: 12pt;">Corre Partners Management, LLC</div>
        </td>
      </tr>
      <tr>
        <td style="width: 51.19%; vertical-align: top;">
          <div style="color: #000000; font-size: 12pt;">Issuer &amp; Ticker Symbol</div>
        </td>
        <td style="width: 48.81%; vertical-align: top;">
          <div style="color: #000000; font-size: 12pt;">Team, Inc. (TISI)</div>
        </td>
      </tr>
      <tr>
        <td style="width: 51.19%; vertical-align: top;">
          <div style="color: #000000; font-size: 12pt;">Date of Event Requiring Statement:</div>
        </td>
        <td style="width: 48.81%; vertical-align: top;">
          <div style="color: #000000; font-size: 12pt;">December 1, 2025</div>
        </td>
      </tr>

  </table>
  <div style="text-align: right; color: #000000; font-size: 12pt; font-weight: bold;">Exhibit 99.1</div>
  <div><br>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify; color: #000000; font-size: 12pt;"><u>Explanation of Responses</u>:</div>
  <div><br>
  </div>
  <div style="color: #000000;">&#160;</div>
  <div style="color: #000000;">&#160;</div>
  <table cellspacing="0" cellpadding="0" id="z61f8f8950f1549bab4698b2d149053f3" 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: 4.24%; vertical-align: top;">
          <div style="text-align: center; margin-left: 4.5pt; color: #000000; font-size: 12pt;">(1)</div>
        </td>
        <td style="width: 95.76%; vertical-align: top;">
          <div style="text-align: justify; color: #000000; font-size: 12pt;">Following this transaction on December 1, 2025, the securities were held directly by (i) Corre Opportunities Qualified Master Fund,
            LP (which held 1,051,023 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 299,665 shares of Common Stock).</div>
        </td>
      </tr>
      <tr>
        <td style="width: 4.24%; vertical-align: top;">
          <div style="text-align: center; margin-left: 9pt; color: #000000; font-size: 12pt;">(2)</div>
        </td>
        <td style="width: 95.76%; vertical-align: top;">
          <div style="text-align: justify; color: #000000; font-size: 12pt;">The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging
            from $14.66 to $15.00, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares
            sold at each separate price within the range.</div>
        </td>
      </tr>
      <tr>
        <td style="width: 4.24%; vertical-align: top;">
          <div style="text-align: center; margin-left: 4.5pt; color: #000000; font-size: 12pt;">(3)</div>
        </td>
        <td style="width: 95.76%; vertical-align: top;">
          <div style="text-align: justify; color: #000000; font-size: 12pt;">Following this transaction on December 3, 2025, the securities were held directly by (i) Corre Opportunities Qualified Master Fund,
            LP (which held 1,051,723 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 299,665 shares of Common Stock).</div>
        </td>
      </tr>
      <tr>
        <td style="width: 4.24%; vertical-align: top;">
          <div style="text-align: center; margin-left: 9pt; color: #000000; font-size: 12pt;">(4)</div>
        </td>
        <td style="width: 95.76%; vertical-align: top;">
          <div style="text-align: justify; color: #000000; font-size: 12pt;">The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging
            from $14.63 to $15.00, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares
            sold at each separate price within the range.</div>
        </td>
      </tr>

  </table>
  <div style="text-align: justify; color: #000000;">&#160;</div>
</body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
