Company: TISI
Filing Date: 2025-10-09
Form Type: S-3
Source: 0001193125-25-235868
Chunk: 19

Company: TEAM INC
Filing Date: 2025-10-09
Form: S-3
Chunk 19
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 are not counted as votes cast for
purposes of the election of directors and, therefore, will have no effect on the outcome of such election. Even if a nominee is not re-elected, he or she will remain in office as a director until his or her
earlier resignation or removal.

The Charter and Bylaws provide that a director may be removed only for cause, as determined by the
affirmative vote of the holders of at least a majority of the shares then entitled to vote in an election of directors, voting as a single class. The Charter provides that such stockholder vote may only be taken at a meeting of stockholders and not
by written consent, the notice of which meeting expressly states such purpose.

Structure of the Board of Directors

Our Board of Directors currently consists of seven (7) members. Our Bylaws provide that the business and affairs of the Company shall be
managed by or under the direction of not fewer than five (5) members at any given time. The exact number of directors may be increased or decreased, from time to time by action of our Board of Directors. No decrease in the number of directors
constituting our Board of Directors shall shorten the term of any incumbent director.

Our Bylaws provide that directors are divided into
three classes: class I, class II and class III. Each class shall be as nearly equal in number of directors as possible.

Each director
shall serve for a term ending on the third annual meeting following the annual meeting at which such director was elected; provided, however, that each director shall serve until his successor shall have been duly elected and qualified, unless he or
she shall resign, become disqualified or disabled, or shall otherwise be removed.

Stockholder Action by Written Consent

Our Bylaws provide that any action which may be taken at any meeting of stockholders may be taken without a meeting and without prior notice,
if a unanimous consent in writing, setting forth the action so taken, shall be signed by the holders of all of the outstanding shares entitled to vote thereon.

Special Meetings of Stockholders; Advance Notice Requirements for Stockholder Nominations

Our Bylaws provide that notice of the time and place of every meeting of stockholders and of the business to be acted on at such meeting shall
be delivered at least 10 days but not more than 60 days before the meeting to each stockholder of record having voting power and entitled to such notice. A notice of special meeting must state the purposes of the meeting.

To be properly brought before