On November 17, 2021, the following members of the Board of Directors of Team, Inc. notified the Company that they will step down from the Board effective November 22, 2021: Louis Waters, Brian Ferraioli, Robert Skaggs, Candice Koederitz, Gary Yesavage, Craig Martin and Michael Lucas (collectively, the ?Departing Directors?). As a result of the Departing Directors? voluntary resignations, the Departing Directors will also step down from their respective committee memberships effective November 22, 2021. There were no known disagreements between the Departing Directors and the Company that led to their respective resignations from the Board. Effective November 22, 2021, the Board will consist of Amerino Gatti, Sylvia Kerrigan, Anthony Horton, Evan Lederman, Ted Stenger, Jeffery Davis, and J. Michael Anderson. The Board has appointed Anthony Horton as Chair, Sylvia Kerrigan, Jeffery Davis, Evan Lederman and Ted Stenger to the Special Committee. The Board has appointed Ted Stenger as Chair, Evan Lederman, and Anthony Horton to the Audit Committee. The Board has appointed Jeffrey Davis as Chair, Sylvia Kerrigan and J. Michael Anderson to the Compensation Committee. The Board has appointed Sylvia Kerrigan as Chair, Jeffery Davis and J. Michael Anderson to the Corporate Governance and Nominating Committee. Amerino Gatti remains as Chairman and Chief Executive Officer and Sylvia Kerrigan remains as Lead Independent Director of the Company.
Team, Inc. is a provider of specialty industrial services. The Company offers its clients access to a full suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services. The Companyâs segments include Inspection and Heat Treating (IHT) and Mechanical Services (MS). IHT provides conventional and advanced non-destructive testing services primarily for the process, pipeline and power sectors, pipeline integrity management services, and field heat treating services, as well as associated engineering and condition assessment services. IHT also provides non-destructive testing services and metallurgical and chemical processing services. MS provides solutions designed to serve clients' needs during both the operational (onstream) and off-line states of their assets. Its onstream services include a range of standard custom-engineered leak repair and composite solutions, and hot tapping and line stopping, and on-line valve insertion solutions.
TEAM, INC. 
