SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) of THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported: June 13, 2005) TEAM, Inc. -------------------------------------------------------------------------------- (Exact Name of Registrant as Specified in its Charter) Texas 0-9950 74-1765729 ----- ------ ---------- (State or Other Jurisdiction (Commission (I.R.S. Employer of Incorporation) File Number) Identification No.) 200 Hermann Drive Alvin, Texas 77511 (Address of principal executive offices and zip code) Registrant's telephone number, including area code (281) 331-6154 --------------------------------------------------------------------------- ITEM 8.01- OTHER EVENTS On June 13, 2005, the Registrant disseminated a Press Release announcing the expansion of its Board of Directors from seven to eight and the election of Vincent D. Foster to serve on the Board and as Chairman of the Audit Committee of the Board. The information contained in the Press Release dated June 13, 2005 is incorporated herein by reference and attached as Exhibit 99.1 hereto. 99.1 The Registrant's Press Release dated June 13, 2005. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. TEAM, INC. By: /s/ Gregory T. Sangalis --------------------------- Gregory T. Sangalis Senior Vice President - Law and Administration Date: June 13, 2005