1 As Filed with the Securities and Exchange Commission on February 12, 1999 Registration No. 333-__________ 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) 200 Hermann Drive Alvin, Texas 77511 (281) 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) ---------------------------------------- Ted W. Owen Vice President, Chief Financial Officer, Secretary and Treasurer TEAM, INC. 200 Hermann Drive Alvin, Texas 77511 (281) 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 ----------------------------------------- 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, par value $0.30 45,000 $3.875 $174,375 $50 per share - -------------------------------------------------------------------------------------------------------------------- (1) Based on market price and stock option exercise price, and used solely to determine the registration fee in accordance with Rule 457(h) under the Securities Act of 1933. 2 Incorporation By Reference of Contents of Prior S-8 Registration Statements The contents of registrant's prior Registration Statements on Form S-8, Registration No. 33- 74382 and Registration No. 333-30003, 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 Exhibit Number Description - ------ ----------- 4(c) Articles of Amendment to the Second Restated Articles of Incorporation of Team, Inc. 5 Opinion of Chamberlain, Hrdlicka, White, Williams & Martin. 23(a) Consent of Deloitte & Touche LLP. 23(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. 99(c) Amendment of January 29, 1998 to Team, Inc. Restated Non-Employee Directors' Stock Option Plan. 2. 3 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 February 10, 1999. TEAM, INC. By: /s/ Philip J. Hawk -------------------------------------- Philip J. Hawk Chairman of the Board and Chief Executive Officer 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/ Philip J. Hawk Chairman of the Board February 10, 1999 - ------------------------------------------------- and Chief Executive Philip J. Hawk Officer (Principal Executive Officer) /s/ Ted W. Owen Vice President, Chief February 10, 1999 - ------------------------------------------------- Financial Officer, Ted W. Owen Secretary and Treasurer (Principal Financial and Accounting Officer) /s/ George W. Harrison Director February 10, 1999 - ------------------------------------------------- George W. Harrison Director February 10, 1999 /s/ Sidney B. Williams - ------------------------------------------------- Sidney B. Williams Director February 10, 1999 /s/ Louis A. Waters - ------------------------------------------------- Louis A. Waters 3. 4 Index of Exhibits Exhibit Number Description - ------ ----------- 4(c) Articles of Amendment to the Second Restated Articles of Incorporation of Team, Inc. 5 Opinion of Chamberlain, Hrdlicka, White, Williams & Martin. 23(a) Consent of Deloitte & Touche LLP. 23(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. 99(c) Amendment of January 29, 1998 to Team, Inc. Restated Non-Employee Directors' Stock Option Plan.