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- Departure of CFO (new) — CFO Nelson Haight departed effective June 22, 2026, though the company states this was not due to any disagreement.
Team Inc replaces CFO Nelson Haight with Clinton Roeder, effective June 22
Filed June 23, 2026 · Period ending June 18, 2026 · ~1 min read
Key Changes
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CFO Nelson Haight departed June 22, 2026, with company stating departure was not due to any disagreement on operations, policies, or practices.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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Clinton Roeder appointed CFO same day, bringing 30+ years experience including prior CFO roles at PrimeFlight Aviation and Nine Energy Services (NYSE: NINE).
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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Roeder receives $500k base salary, 75% target bonus, and $500k equity grant (30% RSUs vesting over 3 years, 70% PSUs cliff vesting 2028 based on Adjusted EBITDA).
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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Haight receives $603,750 severance over 15 months, prorated 2026 target bonus, $15,500 healthcare payment, and immediate vesting of time-based RSUs.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
Summary
Team Inc announced a CFO transition effective June 22, 2026, with Nelson Haight departing and Clinton Roeder immediately stepping into the role. While the company explicitly states Haight's departure was not due to any disagreement on operations, policies, or practices, any unplanned CFO departure warrants attention from investors as it introduces execution risk during the transition period. Haight will receive 15 months of severance pay totaling $603,750, a prorated target bonus, and immediate vesting of his time-based equity.
Roeder brings relevant experience, having served as CFO of PrimeFlight Aviation Services from 2020 to 2026 and previously as CFO of publicly-traded Nine Energy Services. His compensation package includes a $500,000 base salary with 75% target bonus and $500,000 in equity grants weighted toward performance-based units tied to three-year Adjusted EBITDA targets. The performance-heavy equity structure aligns his interests with long-term financial performance, though investors should monitor the company's financial reporting quality and any changes to accounting practices during the transition.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
CFO Nelson Haight departed June 22, 2026; Clinton Roeder appointed as new CFO same day with $500k base salary and $500k equity grant.
Added in current filing · verify on EDGAR →
The Haight Separation Agreement provides that, following Mr. Haight’s departure from the Company, Mr. Haight will receive (i) $603,750 payable in equal installments over the 15-month period following his departure, which reflects 15 months of base salary, (ii) an annual bonus for the 2026 performance period, fixed at Mr. Haight’s target bonus amount but prorated for the portion of the year that Mr. Haight is employed, to be paid on or before January 31, 2027 and (iii) a single lump sum payment of $15,500 to compensate him for healthcare coverage.
Haight will receive $603,750 over 15 months (15 months base salary), a prorated 2026 target bonus, and $15,500 for healthcare. His unvested time-based restricted stock units will immediately vest, and performance share units will remain outstanding with 92% proration on any vesting payout. Benefits are conditioned on a release of claims and 12-month non-compete/non-solicitation covenants.
Added in current filing · verify on EDGAR →
Also on June 18, 2026, the Company announced that the Board of Directors of the Company has appointed Clinton Roeder as Executive Vice President and Chief Financial Officer of the Company, effective as of June 22, 2026.
Clinton Roeder, age 56, was appointed CFO effective June 22, 2026. He brings over 30 years of financial and operational experience, most recently serving as CFO of PrimeFlight Aviation Services from May 2020 to May 2026, and previously as CFO of Nine Energy Services (NYSE: NINE) from December 2017 to March 2020.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 24, 2026 · How we verify