TEAM INC Appoints Clinton Roeder as New CFO; Nelson Haight Departs with Significant Severance
Summary
TEAM INC announced the departure of CFO Nelson Haight and the appointment of Clinton Roeder as his successor, effective June 22, 2026, with significant severance for the outgoing CFO and a substantial compensation package for the new appointee.
Key Events
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CFO Departure Announced
Nelson Haight departed as Executive Vice President and Chief Financial Officer, effective June 22, 2026. The company stated his departure was not due to any disagreement.
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Significant Severance Package for Departing CFO
Mr. Haight will receive $603,750 in cash severance over 15 months, a prorated 2026 target bonus, $15,500 for healthcare, and immediate vesting of 18,703 unvested restricted stock units (valued at approximately $317,951). His 130,922 unvested performance stock units will continue to vest, prorated by 92% based on performance.
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New CFO Appointed
Clinton Roeder was appointed Executive Vice President and Chief Financial Officer, effective June 22, 2026. Mr. Roeder brings over 30 years of financial and operational experience, including previous CFO roles at Nine Energy Services, Inc. (NYSE: NINE) and PrimeFlight Aviation Services.
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New CFO Compensation Details
Mr. Roeder's compensation includes an initial base salary of $500,000, an annual cash bonus target of 75% of his base salary, and equity grants with an approximate value of $500,000 (30% RSUs vesting over 3 years, 70% PSUs cliff vesting on December 31, 2028).
Analysis
TEAM INC announced a change in its Chief Financial Officer role. Nelson Haight's departure was amicable, but his severance package, including cash and immediate vesting of RSUs, totals over $1.1 million, which is a significant amount for a company of this market capitalization. The appointment of Clinton Roeder, an executive with over 30 years of financial and operational experience, including prior CFO roles at public companies, provides stability and brings seasoned expertise to a critical leadership position. His compensation package, including salary, target bonus, and equity, is also substantial, reflecting the importance of the role.
At the time of this filing, TISI was trading at $17.00 on NYSE in the Trade & Services sector, with a market capitalization of approximately $77.7M. The 52-week trading range was $12.34 to $21.33. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.