Jeffery Davis
TEAMAbout Jeffery G. Davis
Independent Class III director of Team, Inc. since 2016; age 70. Former CEO and Chairman at The Brock Group; interim President/CEO and interim Executive Chairman at Furmanite until Team’s acquisition of Furmanite on February 29, 2016. Re-nominated in 2025 to serve through the 2028 Annual Meeting; board determined he is independent under NYSE standards. Board held 18 meetings in 2024; no director attended fewer than 75% of meetings; all directors attended the 2024 annual meeting.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| The Brock Group | Chief Executive Officer | 2008–2014 | Led industrial specialty services firm; significant leadership experience relevant to TISI’s industry |
| The Brock Group | Chairman | 2014–Aug 2015 | Oversight and governance leadership |
| Furmanite | Interim Executive Chairman of the Board | Aug 4, 2015–Feb 29, 2016 | Board leadership through transition until Team acquisition |
| Furmanite | Interim President & Chief Executive Officer | Nov 2, 2015–Feb 29, 2016 | Operational leadership until Team acquisition |
| Furmanite | Director | May 2015–Feb 29, 2016 | Board service pre-acquisition |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| None (current public company boards) | — | — | Proxy lists no current public company boards for Davis |
Board Governance
- Committee assignments (2024–2025): Compensation Committee Chair; Corporate Governance & Nominating Committee member; Executive Committee member.
- Committee activity: Compensation Committee met 8 times in 2024; Corporate Governance & Nominating met 5 times; Executive Committee did not meet.
- Independence and leadership: Board determined all directors except Executive Chairman are independent; Davis is independent. Lead Independent Director role separate; regular independent-director executive sessions (12 in 2024).
- Attendance: Board held 18 meetings in 2024; no director <75% attendance; all directors attended 2024 Annual Meeting.
Fixed Compensation
| Component | Amount | Notes |
|---|---|---|
| Annual Board retainer (cash) | $172,500 | Paid quarterly; all-director program paid in cash |
| Committee chair retainer – Compensation | $12,500 | For service as Compensation Committee Chair |
| Total fees earned (2024) | $185,000 | Reported for Jeffery G. Davis in 2024 Director Compensation table |
- No equity grants to directors in 2024; director compensation program paid entirely in cash.
Performance Compensation
- None disclosed for directors; TISI’s director program is cash-only (no RSUs/PSUs/options for directors).
Other Directorships & Interlocks
| Company | Type | Role | Potential Interlock/Conflict |
|---|---|---|---|
| None | Public | — | No current public boards listed; no disclosed interlocks |
- Investor board rights: APSC and Corre have rights to nominate investor directors/observer seats; Davis is not identified as an investor-designated director.
Expertise & Qualifications
- Former CEO/Chairman in industrial specialty services; prior interim leadership roles during M&A and integration—skills cited as valuable for strategic issues in TISI’s industry.
- Board’s skills matrix shows broad coverage across governance, finance, risk, strategy among directors; Davis nominated as Class III director based on qualifications profile.
Equity Ownership
| Holder | Shares Beneficially Owned | % Outstanding | Notes |
|---|---|---|---|
| Jeffery G. Davis | 10,849 | <1% | As of April 7, 2025 |
| Shares outstanding (record date) | 4,493,391 | — | As of April 22, 2025 |
- Director stock ownership guidelines (revised Feb 2023): Non-management directors expected to own common stock valued at the lesser of 1× annual board retainer or 20,000 shares; compliance window of 3 years from adoption. Hedging, short sales, margin accounts, and pledging are prohibited.
- No disclosure of pledged shares or hedging by Davis; policy prohibits such activities.
Governance Assessment
- Strengths: Independent director with relevant industry CEO/Chairman experience; chairs Compensation Committee and serves on Governance—positions central to pay design and board effectiveness. Cash-only director pay reduces equity-linked conflicts; robust ownership/anti-hedging/anti-pledging policies; strong committee cadence and independent-director executive sessions support oversight.
- Potential watch items: Low absolute share ownership (10,849 shares) relative to guideline may merit monitoring until the February 2026 compliance window; investor nomination rights (APSC/Corre) create concentrated shareholder influence dynamics—no issue disclosed for Davis specifically. No related-party transactions disclosed involving Davis.