Form 4: Corre Partners Management Increases Stake in Team, Inc. (TISI) Through Recent Stock Purchases

Corre Partners Management, LLC, along with affiliated funds, has increased its holdings in Team, Inc. (TISI) through a series of open market purchases in March 2024.

Summary

• Corre Partners Management, LLC, along with affiliated funds Corre Horizon Fund, LP, Corre Opportunities Qualified Master Fund, LP, and Corre Horizon II Fund, LP, has reported changes in beneficial ownership of Team, Inc. (TISI) common stock.
• The transactions involved the purchase of TISI shares on March 22, 2024, March 25, 2024, and March 26, 2024.
• These purchases increased the total number of shares beneficially owned by the reporting entities.
• The shares are held directly by Corre Opportunities Qualified Master Fund, LP, Corre Horizon Fund, LP, and Corre Horizon II Fund, LP.
• Corre Partners Management, LLC serves as the investment advisor for these funds, with investment management authority delegated by Corre Partners Advisors, LLC, the general partner of the funds.
• John Barrett and Eric Soderlund are the co-owners and managing members of both the Investment Adviser and the General Partner.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The increased stake suggests confidence, but it's a routine transaction.

Positives

• Corre Partners Management's increased investment could be interpreted as a positive signal regarding their confidence in Team, Inc.'s future prospects.

Industry Context

This type of filing is standard for significant shareholders and provides transparency to the market regarding ownership changes. It's common for investment firms to adjust their positions in publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for insiders and significant shareholders in publicly traded companies, ensuring transparency in the market.
• Similar filings are made by investment firms like Vanguard, BlackRock, and State Street when their ownership percentages in companies change.

Stakeholder Impact

• The increased stake by Corre Partners Management could be viewed positively by shareholders, potentially leading to increased investor confidence.

Key Dates