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As Filed with the Securities and Exchange Commission on June ___, 1997
Registration No. 33-__________
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
TEAM, INC.
(Exact name of registrant as specified in its charter)
1019 South Hood Street
Alvin, Texas 77511
(713) 331-6154
(Address and telephone number of principal executive office)
Texas 74-1765729
(State of Incorporation) (I.R.S. Employer Identification Number)
TEAM, INC. RESTATED NON-EMPLOYEE DIRECTORS' STOCK OPTION PLAN
(Full Title of the Plan)
-----------------------------
Margie E. Rogers
Secretary and Treasurer
TEAM, INC.
1019 South Hood Street
Alvin, Texas 77511
(713) 331-6154
(Name, address and telephone number of agent for service)
Copy to:
CHAMBERLAIN, HRDLICKA, WHITE, WILLIAMS & MARTIN
Attention: Byron L. Willeford
1200 Smith Street, Suite 1400
Houston, Texas 77002
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CALCULATION OF REGISTRATION FEE
- -----------------------------------------------------------------------------------------------------------
Number of Proposed Proposed
Title of shares maximum maximum Amount of
securities being being offering price aggregate registration
registered registered per share (1) offering price fee
- -----------------------------------------------------------------------------------------------------------
Common Stock, 60,000 $2.125 $127,500 $100
par value $0.30
per share
- -----------------------------------------------------------------------------------------------------------
(1) Based on market price and on stock option exercise price, and used solely to determine the
registration fee in accordance with Rule 457(h) under the Securities Act of 1933.
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INCORPORATION BY REFERENCE OF CONTENTS OF PRIOR
S-8 REGISTRATION STATEMENT
The contents of registrant's prior Registration Statement on Form S-8,
Registration No. 33-74382, registering shares of registrant's common stock
underlying options to purchase such common stock under the Team, Inc. Restated
Non-Employee Directors' Stock Option Plan, are incorporated herein by
reference.
INDEX OF EXHIBITS
5 Opinion of Chamberlain, Hrdlicka, White, Williams & Martin.
24(a) Consent of Deloitte & Touche.
24(b) Consent of Chamberlain, Hrdlicka, White, Williams & Martin is
included in Exhibit 5 hereto.
99(a) Team, Inc. Restated Non-Employee Directors' Stock Option Plan.
99(b) Amendment of January 9, 1997 to Team, Inc. Restated Non-Employee
Directors' Stock Option Plan.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
registrant certifies that it has reasonable grounds to believe that it meets
all of the requirements for filing on Form S-8 and has duly caused this
registration statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in Alvin, Texas, effective June 19, 1997.
TEAM, INC.
By: /s/ William A. Ryan
----------------------------------------
William A. Ryan
Chairman of the Board and President
Pursuant to the requirements of the Securities Act of 1933, this
registration statement has been signed by the following persons in the
capacities and as of the dates indicated.
Signature Title Date
/s/ William A. Ryan Chairman of the Board, June 19, 1997
--------------------------------------------------- President and Director
William A. Ryan (Principal Executive and
Financial Officer)
/s/ Margie E. Rogers Secretary and Treasurer June 19, 1997
--------------------------------------------------- (Principal Accounting
Margie E. Rogers Officer)
/s/ George W. Harrison Director June 19, 1997
----------------------------------------------------
George W. Harrison
/s/ Sidney B. Williams Director June 19, 1997
----------------------------------------------------
Sidney B. Williams
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INDEX OF EXHIBITS
EXHIBIT
NO. DESCRIPTION
------- -----------
5 Opinion of Chamberlain, Hrdlicka, White, Williams & Martin.
24(a) Consent of Deloitte & Touche.
24(b) Consent of Chamberlain, Hrdlicka, White, Williams & Martin is
included in Exhibit 5 hereto.
99(a) Team, Inc. Restated Non-Employee Directors' Stock Option Plan.
99(b) Amendment of January 9, 1997 to Team, Inc. Restated Non-Employee
Directors' Stock Option Plan.