Team Inc. (TISI) disclosed in an 8-K dated August 6, 2026 that investor Corre Partners Management and its affiliated investors have irrevocably waived parts of their board rights under a 2023 agreement. Corre is giving up its board observation rights, its right to nominate investor equity directors or designate the chairman, and all other rights under that agreement, except its rights related to the Lender Director seat, which remain in full force. This summary is based only on the Item 1.01 portion of the filing; the other listed items, 7.01 and 9.01, are not described in the provided excerpt.
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