Company: TISI
Filing Date: 2025-10-09
Form Type: S-3
Source: 0001193125-25-235868
Chunk: 15

Company: TEAM INC
Filing Date: 2025-10-09
Form: S-3
Chunk 15
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 liquidation or winding up, whether voluntary or involuntary, the holders of common stock are entitled to
share, on a pro rata basis, any assets or funds remaining after payment in full of all creditors and holders of preferred stock.

Transfer Agent and Registrar

The transfer agent and registrar for our common stock is Computershare Investor Services.

Preferred Stock

Our board of directors
(our “Board of Directors”) has the authority, without action by our stockholders, to issue preferred stock and to fix voting powers for each class or series of preferred stock, and to provide that any class or series may be subject to
redemption, entitled to receive dividends, entitled to rights upon dissolution, or convertible or exchangeable for shares of any other class or classes of capital stock. The rights with respect to a series or class of preferred stock may be greater
than the rights attached to our common stock. Our Board of Directors has designated 100,000 shares of preferred stock as Series A preferred stock which would have only been issued if the Purchase Rights (as defined below) had been triggered, as
discussed in further detail below,

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and 105,000 shares of preferred stock as Series B preferred stock. The remaining 295,000 shares of preferred stock are undesignated. The effect of issuing preferred stock could include, among other things, one or more of the following:

| • |     | restricting dividends in respect of our common stock; |

| • |     | diluting the voting power of our common stock or providing that holders of preferred stock have the right to vote 
 on matters as a class;                                                                                            |

| • |     | impairing the liquidation rights of our common stock; or |

| • |     | delaying or preventing a change of control of us. |

Series A Preferred Stock The Series A preferred stock is reserved for issuance in connection with the previously outstanding rights to purchase from us ten one-thousandthsof a share of Series A preferred stock (a “Purchase Right”) at a price of $70.00 per ten one-thousandthsof a share of Series A preferred stock, subject to adjustment as provided in the Section 382 Rights Agreement, dated as of February 2, 2022, between us and Computershare Trust Company, N.A., as rights agent. Each share of our common stock previously included a Purchase Right, each of which expired on February 2, 2025, and no shares of Series A preferred stock were issued. Series B Preferred Stock