Pamela McGinnis
TEAMAbout Pamela McGinnis
Pamela J. McGinnis, age 58, joined Team, Inc.’s Board on April 3, 2024 as a Class II independent director with a term running to the 2027 annual meeting. She spent 30+ years at Phillips 66 and predecessors Conoco/ConocoPhillips, including Corporate Vice President, Global Sales, Retail Operations and Marketing (2016–2022), Chief Procurement Officer (2014–2016), and General Manager, Product Supply, Distribution and Sales, Commercial (2012–2014). She holds a B.S. in Industrial Engineering from the University of Arkansas, served on its College of Engineering Advisory Board since 2016 and was Board Chair from 2021–2023. The Board determined she meets NYSE independence standards.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Phillips 66 | Corporate VP, Global Sales, Retail Operations & Marketing | Nov 2016 – Aug 31, 2022 | Led commercial, retail and marketing across global footprint |
| Phillips 66 | Chief Procurement Officer | 2014 – 2016 | Enterprise procurement leadership |
| Phillips 66 | GM, Product Supply, Distribution & Sales, Commercial | 2012 – 2014 | Supply chain, logistics and sales leadership |
| Conoco / ConocoPhillips | Various roles in shipping, transportation, O&M engineering, capital projects, BD, marketing, corporate planning | Prior to 2012 | Broad operations/engineering/commercial experience |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Alta Convenience, LLC (Phillips 66 JV) | Lead Director | 2021 – 2022 | JV oversight and governance |
| United Pacific, LLC (Phillips 66 JV) | Lead Director | 2019 – 2022 | JV oversight and governance |
| Univ. of Arkansas College of Engineering Advisory Board | Member; Board Chair | Member since 2016; Chair 2021–2023 | Academic advisory leadership |
| Public company boards | None | Current | No other public company directorships |
Board Governance
- Committee assignments: Member, Compensation Committee; not a committee chair.
- Independence: Board determined Ms. McGinnis is independent under NYSE rules.
- Board/committee attendance: Board met 18 times in 2024; no director attended fewer than 75% of meetings; 12 independent executive sessions held.
- Tenure/class: Class II director; Director since 2024; current term expires 2027.
- Lead Independent Director/Chair roles: Ms. McGinnis does not serve as Lead Independent Director and is not a committee chair.
Fixed Compensation
| Component | Amount | Notes |
|---|---|---|
| Annual cash retainer | $172,500 | Paid quarterly; all director comp paid in cash |
| Committee chair retainers | Audit Chair: $15,000; Comp Chair: $12,500; Gov/Nom Chair: $7,500 | Applies to chairs only (not to Ms. McGinnis) |
| Lead Independent Director retainer | $25,000 | Applies to LID (not to Ms. McGinnis) |
| 2024 fees earned (McGinnis) | $128,417 | Pro-rated after April 3, 2024 appointment |
Performance Compensation
| Metric/Vehicle | Status | Notes |
|---|---|---|
| Equity for directors (RSUs/PSUs/Options) | Not granted | Director compensation program is all cash; no equity awards disclosed for directors |
| Performance-linked pay for directors | Not applicable | No performance metrics tied to director pay disclosed |
Other Directorships & Interlocks
| Category | Detail |
|---|---|
| Current public company boards | None |
| Prior public company boards | Not disclosed beyond JV roles |
| Interlocks/conflicts | No related-party transactions involving Ms. McGinnis disclosed; Board affirmed independence |
Expertise & Qualifications
- Energy industry executive with deep commercial, procurement, supply chain, and operations experience across downstream/retail businesses.
- Technical and engineering background (BS Industrial Engineering); governance experience via JV lead-director roles and academic advisory leadership.
- Skills mapped by Board include human capital/compensation, HSE, relevant industry experience, strategic planning, and technology/cybersecurity.
Equity Ownership
| Item | Status/Amount | Notes |
|---|---|---|
| Beneficial ownership (shares) | No shares reported (as of April 7, 2025) | Ms. McGinnis listed with “—” in beneficial ownership table |
| Ownership % of outstanding | Less than 1% | Aggregated threshold shown in table; “*” denotes <1% |
| Options/derivatives | None disclosed | No director equity awards disclosed; equity awards discussed for NEOs only |
| Pledged/hedged shares | Prohibited by policy | Insider Trading Policy prohibits pledging/hedging by directors |
| Stock ownership guideline | Lesser of 1x annual board retainer or 20,000 shares | Revised Feb 2023; applies to non-management directors |
| Time to compliance | Within 3 years of appointment (expected by April 2027) | Newly appointed directors expected to meet/exceed guidelines within 3 years |
Governance Assessment
- Strengths: Independent director with substantial energy sector procurement and commercial expertise; active on Compensation Committee; Board reports solid attendance and regular independent executive sessions.
- Compensation structure: All-cash director compensation simplifies incentives and avoids option repricing risks; compensated per market-reviewed program using independent consultant WTW.
- Alignment considerations: No shares reported as of April 7, 2025; however, directors have three years from appointment to meet ownership guidelines (lesser of 1x retainer or 20,000 shares) and pledging/hedging is prohibited.
- Conflicts/related-party exposure: Company discloses no Item 404(a) related-party transactions involving Ms. McGinnis and confirms her independence.
- Shareholder sentiment: 2025 say-on-pay received strong support (2,253,425 For; 14,007 Against; 1,193 Abstain), underscoring investor confidence in compensation governance.
Overall, Ms. McGinnis brings domain expertise in procurement, retail operations and supply chain to TISI’s board and compensation oversight, with independence affirmed and no related-party exposures disclosed. Monitoring progress toward stock ownership guideline compliance will be an ongoing alignment indicator for investors.