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SUGAR LAND, Texas, Sept. 12, 2017 — Team, Inc. (NYSE:TISI) (“Team,” “we,” “our,” or the “Company”) today confirmed that it has received a letter from Engine Capital. Team regularly engages with its shareholders in the ordinary course of its business. The Company appreciates constructive input from its shareholders and takes their views seriously. The Board of Directors is in the process of evaluating the important issues raised in the Engine Capital letter and intends to respond as soon as it determines the appropriate courses of action.
About Team, Inc.
Headquartered near Houston, Texas, Team, Inc. is a leading provider of specialty industrial services, including inspection and assessment, required in maintaining and installing high-temperature and high-pressure piping systems and vessels that are utilized extensively in the refining, petrochemical, power, pipeline and other heavy industries. Team offers these services across its 220 branch locations and more than 20 countries throughout the world. For more information, please visit www.teaminc.com.
Contact: Greg L. Boane Chief Financial Officer (281) 388-5541
See how TEAM Inc. is raising the bar for environmental stewardship, safety, governance, and community impact. Our 2024 Sustainability Profile details the practices, data, and real-world results behind our commitment to a safer, more sustainable future. Download the full report today to learn how our people, processes, and partnerships keep critical industries moving responsibly — and why sustainability is at the core of everything we do.
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