UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 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): January 18, 2010
TEAM,
Inc.
(Exact
Name of Registrant as Specified in Charter)
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Texas
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001-08604
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74-1765729
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(State
or Other Jurisdiction
of
Incorporation)
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(Commission
File
Number)
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(IRS
Employer
Identification
No.)
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200
Hermann Drive
Alvin,
Texas 77511
(Address
of Principal Executive Offices and Zip Code)
Registrant’s
telephone number, including area code: (281) 331-6154
Not
Applicable
(Former
name or former address, if changed since last report)
Check the
appropriate line below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
¨
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Written
communications pursuant to Rule 425 under the Securities Act (17 — CFR
230.425)
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¨
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 — CFR
240.14a-12)
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¨
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the — Exchange Act (17 CFR
240.14d-2(b))
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¨
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the — Exchange Act (17 CFR
240.13e-4(c))
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Item 7.01
Regulation FD Disclosure.
On
January 18, 2010, we disseminated a press release setting forth the impact to
the Company of the currency devaluation in Venezuela and reaffirming our
earnings guidance regarding expected financial performance for the fiscal year
ending May 31, 2010. A copy of the press release is furnished herewith as
Exhibit 99.1.
The
information furnished in this Current Report on Form 8-K, including Exhibit
99.1, shall not be deemed “filed” with the Securities and Exchange Commission
nor shall it be deemed incorporated by reference in any filing under the
Securities Act of 1933, as amended, unless specifically identified therein as
being incorporated by reference.
This Form
8-K contains forward looking statements. We based our forward-looking statements
on our current expectations, estimates and projections about ourselves and our
industry. We caution that these statements are not guarantees of future
performance and involve risks, uncertainties and assumptions that we cannot
predict. In addition, we based many of these forward-looking statements on
assumptions about future events that may prove to be inaccurate. Accordingly,
our actual results may differ materially from the future performance that we
have expressed or forecast in the forward-looking statements. Differences
between actual results and any future performance suggested in these
forward-looking statements could result from a variety of factors, including
those listed in our Annual Reports on Form 10-K and our Quarterly Reports on
Form 10-Q as filed with the Securities and Exchange Commission. We assume no
obligation to publicly update or revise any forward-looking statements made
herein or any other forward-looking statements made by us, whether as new
information, future events, or otherwise.
Item 9.01
Financial Statements and Exhibits.
(c)
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Exhibits.
The following exhibit is furnished as part of Item 7.01 of this
Current Report on Form 8-K:
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Description
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99.1
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Team,
Inc.’s Press Release issued January 18,
2010
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SIGNATURES
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 hereunto
duly authorized.
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By:
/s/ Ted W. Owen
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Ted
W. Owen
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Senior
Vice President and Chief
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Financial
Officer
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Dated:
January 18, 2010