Company: TISI
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0000318833-25-000030
Chunk: 63

Company: TEAM INC
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 63
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 Audit Committee acts in an oversight capacity and necessarily relies on the work and assurances of Team’s management and KPMG which, in its report, expresses an opinion on whether or not Team’s annual financial statements conform, in all material respects, with accounting principles generally accepted in the United States. In reliance on the opinions and discussions referred to above, the Audit Committee recommended to the Board that the audited financial statements be included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 filed with the SEC.

#### Audit Committee
Edward J. Stenger, Chairman

Anthony R. Horton

Evan S. Lederman

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#### INFORMATION ON INDEPENDENT PUBLIC ACCOUNTANTS
A representative of KPMG is expected to attend the Annual Meeting with the opportunity to make a statement if such representative desires to do so and to respond to appropriate questions presented at the meeting.

#### Principal Accountant Fees and Services
The following table sets forth the fees billed by KPMG for the years ended December 31, 2024 and 2023:

|                    |     |   |      2024 |     |   |      2023 |
|:-------------------|:----|:--|----------:|:----|:--|----------:|
| Audit Fees         |     | $ | 1,379,000 |     | $ | 1,386,900 |
| Audit-Related Fees |     |   |         — |     |   |         — |
| Tax Fees           |     |   |    50,261 |     |   |    24,700 |
| All Other Fees     |     |   |         — |     |   |         — |
| Total              |     | $ | 1,429,261 |     | $ | 1,411,600 |

The Audit Committee’s charter provides for review and pre-approval by the Audit Committee of all audit services, permissible non-audit services and related fees conducted by our independent auditor. The Audit Committee meets annually to approve audit and tax fees for the ensuing year. The Audit Committee has authorized the Chairman of the Audit Committee to engage KPMG on non-audit matters not exceeding $100,000; provided that KPMG is more efficient or uniquely qualified to perform the work for which it is engaged and that such engagement is reported to the full Audit Committee in a timely manner. All of the fees and services described