0000899140-24-000332.txt : 20240321 0000899140-24-000332.hdr.sgml : 20240321 20240321203141 ACCESSION NUMBER: 0000899140-24-000332 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240319 FILED AS OF DATE: 20240321 DATE AS OF CHANGE: 20240321 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Corre Opportunities Qualified Master Fund, LP CENTRAL INDEX KEY: 0001601971 ORGANIZATION NAME: STATE OF INCORPORATION: E9 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-08604 FILM NUMBER: 24772847 BUSINESS ADDRESS: STREET 1: 12 EAST 49TH STREET, 40TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 646-863-7151 MAIL ADDRESS: STREET 1: 12 EAST 49TH STREET, 40TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Corre Partners Management, LLC CENTRAL INDEX KEY: 0001537323 ORGANIZATION NAME: STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-08604 FILM NUMBER: 24772848 BUSINESS ADDRESS: STREET 1: 12 EAST 49TH STREET STREET 2: SUITE 4003 CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 646 863 7150 MAIL ADDRESS: STREET 1: 12 EAST 49TH STREET STREET 2: SUITE 4003 CITY: NEW YORK STATE: NY ZIP: 10017 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Corre Horizon II Fund, LP CENTRAL INDEX KEY: 0001823817 ORGANIZATION NAME: STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-08604 FILM NUMBER: 24772845 BUSINESS ADDRESS: STREET 1: 12 EAST 49TH STREET STREET 2: 40TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 7478637151 MAIL ADDRESS: STREET 1: 12 EAST 49TH STREET STREET 2: 40TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: CORRE HORIZON FUND, LP CENTRAL INDEX KEY: 0001751529 ORGANIZATION NAME: STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-08604 FILM NUMBER: 24772846 BUSINESS ADDRESS: STREET 1: CONYERS TRUST COMPANY (CAYMAN) LTD STREET 2: CRICKET SQUARE, HUTCHINS DR, BOX 2681 CITY: GRAND CAYMAN STATE: E9 ZIP: KY1-1111 BUSINESS PHONE: 345-949-1040 MAIL ADDRESS: STREET 1: CONYERS TRUST COMPANY (CAYMAN) LTD STREET 2: CRICKET SQUARE, HUTCHINS DR, BOX 2681 CITY: GRAND CAYMAN STATE: E9 ZIP: KY1-1111 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: TEAM INC CENTRAL INDEX KEY: 0000318833 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS REPAIR SERVICES [7600] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 741765729 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 13131 DAIRY ASHFORD STREET 2: SUITE 600 CITY: SUGAR LAND STATE: TX ZIP: 77478 BUSINESS PHONE: 2813316154 MAIL ADDRESS: STREET 1: 13131 DAIRY ASHFORD STREET 2: SUITE 600 CITY: SUGAR LAND STATE: TX ZIP: 77478 4 1 form4.xml X0508 4 2024-03-19 0000318833 TEAM INC TISI 0001537323 Corre Partners Management, LLC 12 EAST 49TH STREET 40TH FLOOR NEW YORK NY 10017 true 0001601971 Corre Opportunities Qualified Master Fund, LP 12 EAST 49TH STREET, 40TH FLOOR NEW YORK NY 10017 true 0001751529 CORRE HORIZON FUND, LP 12 EAST 49TH STREET, 40TH FLOOR 40TH FLOOR NEW YORK NY true 0001823817 Corre Horizon II Fund, LP 12 EAST 49TH STREET 40TH FLOOR NEW YORK NY 10017 true false Common Stock, par value $0.30 per share 2024-03-19 4 P 0 20342 5.7079 A 1474886 I See footnote Common Stock, par value $0.30 per share 2024-03-20 4 P 0 30000 5.845 A 1504886 I See footnote Common Stock, par value $0.30 per share 2024-03-21 4 P 0 5250 6.2621 A 1510136 I See footnote Notes are included on Exhibit 99.1. Notes are included on Exhibit 99.1. Notes are included on Exhibit 99.1. Notes are included on Exhibit 99.1. Exhibit List: Exhibit 99.1 Explanation of Responses Corre Horizon Fund, LP By: Corre Partners Advisors, LLC, its general partner /s/ John Barrett, Managing Member 2024-03-21 Corre Opportunities Qualified Master Fund, LP By: Corre Partners Advisors, LLC, its general partner /s/ John Barrett, Managing Member 2024-03-21 Corre Partners Management, LLC /s/ John Barrett, Managing Member 2024-03-21 Corre Horizon II Fund, LP By: Corre Partners Advisors, LLC, its general partner /s/ John Barrett, Managing Member 2024-03-21 EX-99.1 2 c72548483.htm EXPLANATION OF RESPONSES

Designated Filer:
Corre Partners Management, LLC
Issuer & Ticker Symbol
Team, Inc. (TISI)
Date of Event Requiring Statement:
March 19, 2024
Exhibit 99.1 


Explanation of Responses:

(1)
Following this transaction on March 19, 2024, the securities were held directly by (i) Corre Opportunities Qualified Master Fund, LP (which held 970,601 shares of Common Stock), (ii) Corre Horizon Fund, LP (which held 249,942 shares of Common Stock) and (iii) Corre Horizon II Fund, LP (which held 254,343 shares of Common Stock).
(2)
Each of the Funds is a client of Corre Partners Management, LLC (the “Investment Adviser”). The Investment Adviser has been delegated investment management authority over the assets of the Funds by Corre Partners Advisors, LLC, the general partner of the Funds (the “General Partner”). Mr. John Barrett and Mr. Eric Soderlund are the co-owners and managing members of the Investment Adviser and the General Partner.
(3)
Following this transaction on March 20, 2024, the securities were held directly by (i) Corre Opportunities Qualified Master Fund, LP (which held 995,600 shares of Common Stock), (ii) Corre Horizon Fund, LP (which held 249,942 shares of Common Stock) and (iii) Corre Horizon II Fund, LP (which held 259,344 shares of Common Stock).
(4)
Following this transaction on March 21, 2024, the securities were held directly by (i) Corre Opportunities Qualified Master Fund, LP (which held 999,975 shares of Common Stock), (ii) Corre Horizon Fund, LP (which held 249,942 shares of Common Stock) and (iii) Corre Horizon II Fund, LP (which held 260,219 shares of Common Stock).