LOUIS A. WATERS - Corporate Board Profile

TEAM INC

Filing Date	Source Excerpt
2009-08-18	Mr. Waters manages the Waters Group, a family investment company. He was the Founding Chairman of Browning-Ferris Industries, Inc. (NYSE) and served that company from its inception in 1969 until his retirement in March 1997. Mr. Waters was also the Founding Chairman of Tyler Corp (NYSE) serving that company from September 1997 until he retired in March 2002. Mr. Waters serves as the Lead Director of our Board. The Executive Committee is composed of Messrs. Hawk, Williams and Waters. The Compensation Committee is composed of Messrs. Johnson (Chairman), Lescroart, Waters and Williams. The Corporate Governance and Nominating Committee is composed of Messrs. Williams (Chairman), Peiser and Waters. The following table sets forth director compensation for fiscal 2009. Louis A. Waters Fees Earned or Paid in Cash: $30,000, Stock Awards: $85,000, Option Awards: $0, Total: $115,000.
2010-08-26	Mr. Waters manages the Waters Group, a family investment company. He was the Founding Chairman of Browning-Ferris Industries, Inc. (NYSE) and served that company from its inception in 1969 until his retirement in March 1997. Mr. Waters was also the Founding Chairman of Tyler Corp. (NYSE) serving that company from September 1997 until he retired in March 2002. Mr. Waters serves as the Lead Director of our Board. The Company believes that Mr. Waters twelve years of service on the Board, his financial and business expertise, including a diversified background of managing and directing public companies, including certain national banking institutions, give him a thorough understanding of our business and the necessary qualifications and skills to serve as a director. Mr. Waters serves on the Executive Committee, Audit Committee, Compensation Committee and Corporate Governance and Nominating Committee. Director Compensation table shows total compensation of $103,750.
2011-08-26	Mr. Waters serves as the Lead Director of our Board. The Executive Committee is composed of Messrs. Hawk (Chairman), Peiser, Waters and Williams. The Audit Committee is composed of Messrs. Foster (Chairman), Johnson, Waters and Williams. The Compensation Committee is composed of Messrs. Johnson (Chairman), Lescroart, Peiser, Waters and Williams. The Corporate Governance and Nominating Committee is composed of Messrs. Williams (Chairman), Foster and Waters. In fiscal 2011, all of our non-management directors received a base annual cash fee of $30,000. In addition to the base annual cash fee, the Chairman of the Audit Committee receives an additional $15,000, the Chairman of the Compensation Committee receives an additional $5,000, and other members of the Audit Committee receive an additional $5,000 in annual cash fees. All non-management directors receive an additional $70,000 in stock-based compensation under our Non-employee Director Plan. Mr. Waters received $35,000 in fees earned or paid in cash and $70,000 in stock awards, totaling $105,000.
2012-08-24	Mr. Waters manages the Waters Group, a private equity company specializing in technology, medical and industrial companies as well as oil and gas exploration and development. ... Our Executive Committee is currently composed of Messrs. Hawk (Chairman), Peiser, Waters and Williams. ... The Audit Committee is currently composed of Messrs. Foster (Chairman), Johnson, Waters and Williams. ... Our Compensation Committee is currently composed of Messrs. Johnson (Chairman), Lescroart, Peiser, Waters and Williams. ... Our Corporate Governance and Nominating Committee is composed of Messrs. Williams (Chairman), Foster and Waters. ... The following table sets forth director compensation for fiscal 2012: Louis A. Waters Fees Earned or Paid in Cash $50,000 Stock Awards $70,000 Total $120,000.
2013-08-23	Mr. Waters manages the Waters Group, a private equity company specializing in technology and industrial companies. He was the Founding Chairman of Browning-Ferris Industries, Inc. and served that company from its inception in 1969 until his retirement in March 1997. Mr. Waters was also a Founding Chairman of Tyler Technologies, Inc. (NYSE) serving that company from September 1997 until he retired in March 2002. Mr. Waters serves as the Lead Director of Team's Board. The Company believes that Mr. Waters' years of service on the Board, his financial and business expertise, including a diversified background of managing and directing public companies, including certain national banking institutions, give him a thorough understanding of our business and the necessary qualifications and skills to serve as a director. Our Executive Committee is currently composed of Messrs. Hawk (Chairman), Waters and Williams. The Executive Committee had no meetings during fiscal 2013. Our Audit Committee is currently composed of Messrs. Foster (Chairman), Johnson, Waters and Williams. The Audit Committee met 6 times during fiscal 2013. Our Compensation Committee is currently composed of Messrs. Johnson (Chairman), Lescroart, Waters and Williams. The Compensation Committee met 4 times during fiscal 2013. Our Corporate Governance and Nominating Committee is composed of Messrs. Williams (Chairman), Foster and Waters. The Corporate Governance and Nominating Committee met 1 time during fiscal 2013. The following table sets forth director compensation for fiscal 2013: Louis A. Waters Fees Earned or Paid in Cash $50,000 Stock Awards $70,000 Total $120,000.
2014-08-22	Mr. Waters serves as the Lead Director of Team's Board. The Executive Committee is currently composed of Messrs. Hawk (Chairman), Waters and Williams. Our Audit Committee is currently composed of Messrs. Foster (Chairman), Johnson, Waters and Williams. Our Compensation Committee is currently composed of Messrs. Johnson (Chairman), Lescroart, Waters and Williams. Our Corporate Governance and Nominating Committee is composed of Messrs. Williams (Chairman), Foster and Waters. In fiscal 2014, Mr. Waters received $50,000 in fees earned or paid in cash and $70,000 in stock awards, totaling $120,000.
2015-08-21	Mr. Waters manages the Waters Group, a private equity company specializing in technology and industrial companies. He was the Founding Chairman of Browning-Ferris Industries, Inc. (NYSE) and served that company from its inception in 1969 until his retirement in March 1997. Mr. Waters was also a Founding Chairman of Tyler Technologies, Inc. (NYSE) serving that company from September 1997 until he retired in March 2002. Mr. Waters serves as the Lead Director of Team's Board. The Company believes that Mr. Waters' years of service on the Board, his financial and business expertise, including a diversified background of managing and directing public companies, including certain national banking institutions, give him a thorough understanding of our business and the necessary qualifications and skills to serve as a director. Mr. Waters is a member of the Executive Committee, Audit Committee and Compensation Committee. Mr. Waters received $50,000 in cash fees and $70,000 in stock awards in fiscal 2015.
2016-04-12	Mr. Waters manages the Waters Group, a private equity company specializing in technology and industrial companies. Mr. Waters serves as the Lead Director of Team's Board. He serves on the Audit Committee, Compensation Committee, and Corporate Governance and Nominating Committee.
2017-04-12	Louis A. Waters; Age 78; Lead Director; Director since 1998; Mr. Waters manages the Waters Group, a private equity company specializing in technology and industrial companies. He was the Founding Chairman of Browning-Ferris Industries, Inc. (NYSE) and served that company from its inception in 1969 until his retirement in March 1997. Mr. Waters was also a Founding Chairman of Tyler Technologies, Inc. (NYSE) serving that company from September 1997 until he retired in March 2002. Mr. Waters serves as the independent Lead Director of Team’s Board and, upon his re-election, will become our independent Chairman of the Board. The Company believes that Mr. Waters’ years of service on the Board, his financial and business expertise, including a diversified background of managing and directing public companies, including certain national banking institutions, give him a thorough understanding of our business and the necessary qualifications and skills to serve as a director. Director Compensation: $165,427 total in 2016; Committees: Compensation Committee, Corporate Governance and Nominating Committee.
2018-04-12	Mr. Waters manages the Waters Group. He was Founding Chairman of Browning-Ferris Industries, Inc. and Tyler Technologies, Inc. He serves as Chairman of Team’s Board. He serves on the Executive Committee and Corporate Governance and Nominating Committee.
2019-04-11	Name Louis A. Waters Age 80 Present Position Chairman of the Board Class I Director Since 1998. Our Executive Committee is composed of Messrs. Waters (Chairman), Gatti and Yesavage. Our Corporate Governance and Nominating Committee is composed of Messrs. Waters (Chairman), Davis and Ms. Kerrigan. The following table sets forth information regarding the compensation earned by or awarded to each of the non-employee directors who served on our Board during 2018: Louis A. Waters Fees Earned or Paid in Cash $105,981 Stock Awards $82,138 Total $188,119.
2020-04-09	Louis A. Waters manages the Waters Group, a private equity company specializing in technology and industrial companies and is an independent private investor managing his personal investments. He was the Founding Chairman of Browning-Ferris Industries, Inc. (formerly NYSE) and served that company from its inception in 1969 until his retirement in March 1997. Mr. Waters was also a Founding Chairman of Tyler Technologies, Inc. (NYSE) serving that company from September 1997 until he retired in March 2002. Mr. Waters served as the Chairman of Team9s Board from May 2017 to February 2020. In February 2020, Mr. Waters was appointed as the Lead Independent Director. The Company believes that Mr. Waters9 years of service on the Board, his financial and business expertise, including a diversified background of managing and directing public companies, including certain national banking institutions, give him a thorough understanding of our business and the necessary qualifications and skills to serve as our lead independent director. The following table sets forth the names and ages of the nominees for election as directors and the current members of the Board who will continue serving following the Annual Meeting, as well as background information relating directly to such individuals9 experience, qualifications, attributes and skills to serve as a director of our Company. The persons who have been nominated for election and are to be voted upon at the Annual Meeting are listed first, with continuing directors following thereafter. Director Nominees The Board unanimously recommends a voteFORthe election of the nominees listed below. Set forth below is certain information as of April 2, 2020 concerning the nominees for election at the Annual Meeting as Class I directors, including the business experience of each nominee for at least the past five years: Name Age Present Position With the Company Class Director Since Jeffery G. Davis 65 Director Class I 2016 Robert C. Skaggs, Jr 65 Director Class I 2019 Gary G. Yesavage 67 Director Class I 2017 Louis A. Waters 81 Lead Director Class I 1998 ... Executive Committee Our Executive Committee is composed of Messrs. Waters (Chairman), Gatti and Yesavage. The Executive Committee is responsible for assisting with the general management of the business and affairs of Team as needed during intervals between meetings of the Board. The Executive Committee had no formal meetings during 2019. Corporate Governance and Nominating Committee Our Corporate Governance and Nominating Committee is composed of Messrs. Waters (Chairman), Davis, Skaggs and Ms. Kerrigan. The Corporate Governance and Nominating Committee, which met six times during 2019, is charged with recommending director nominees to the Board; evaluating the contribution and performance of members and committees of the Board; administering the annual self-evaluation of Board performance; developing appropriate environmental, social and corporate governance principles for Team; and ensuring the processes of the Board are sufficient and consistent with its oversight role of Team. Each member of the Corporate Governance and Nominating Committee is independent, as defined by the applicable listing requirements of the NYSE. The following table sets forth information regarding the compensation earned by or awarded to each of the non-employee directors who served on our Board during 2019: Director Compensation Name FeesEarned or Paid in Cash ($) (1) Stock Awards ($) (2) Option Awards ($) Total ($) Total Options Outstanding at December 31, 2019 (#) Louis A. Waters $ 123,125 $ 87,513 $ 210,638
2021-04-09	Our Executive Committee is composed of Messrs. Waters (Chairman), Gatti, Skaggs and Yesavage. The Lead Director also serves as an independent member of the Executive Committee. The Corporate Governance and Nominating Committee is composed of Messrs. Waters (Chairman), Davis, Skaggs and Ms. Kerrigan. The following table sets forth information regarding the compensation earned by or awarded to each of the non-employee directors who served on our Board during 2020: Louis A. Waters $108,375 Fees Earned or Paid in Cash, $57,617 Stock Awards, Total $165,992.