Routine CAO succession with internal promotion — no material read-through for operations or financial reporting. Monitor next quarterly filing for any changes in accounting policies or controls.
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Executive Summary
Team, Inc. announced the departure of VP and Chief Accounting Officer Matthew Acosta, effective October 1, 2026, with no disagreement cited, and the immediate appointment of George Philip (previously Corporate Controller) as the new Chief Accounting Officer effective October 2, 2026. This is a routine succession within the finance function, not a red-flag departure.
Key Facts
- Matthew Acosta departed as VP, Chief Accounting Officer effective October 1, 2026.
- Departure is not the result of any disagreement with the Company on operations, policies, or practices.
- George Philip appointed as Chief Accounting Officer effective October 2, 2026.
- Philip has served as Corporate Controller since October 2021 and was Director of SEC Reporting and Technical Accounting before that.
- Philip will enter into the Company's standard form of indemnity agreement.
Financial Impact
No financial impact disclosed.
Risk Factors
- No material risks identified from this filing.
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000318833-26-000057 |
| Document: 0000318833-26-000057-index-headers.html | 0000318833-26-000057 |
| Document: 0000318833-26-000057-index.html | 0000318833-26-000057 |
| Document: 0000318833-26-000057.txt | 0000318833-26-000057 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 8, 2026 18d ago | 3 | $26.53 | awaiting T+60 | — | $23.81 (−10.25%) |
Oct 6, 2026 20d ago | 8-K | $27.59 | awaiting T+60 | — | $23.81 (−13.70%) |
Aug 25, 2026 8w ago | Insider Cluster | $24.09 | awaiting T+60 | — | $23.81 (−1.16%) |
Aug 21, 2026 9w ago | Insider Cluster | $22.72 | awaiting T+60 | — | $23.81 (+4.80%) |
Aug 17, 2026 10w ago | Insider Cluster | $22.36 | awaiting T+60 | — | $23.81 (−6.48%) |
Aug 10, 2026 11w ago | Press Release | $22.71 | awaiting T+60 | — | $23.81 (+4.84%) |
Aug 10, 2026 11w ago | Press Release | $22.71 | awaiting T+60 | — | $23.81 (−4.84%) |
Aug 6, 2026 11w ago | Press Release | $17.00 | awaiting T+60 | — | $23.81 (+40.06%) |
Jun 23, 2026 17w ago | 8-K | $16.89 $27.45 | ▲ +62.52% | ▲ +59.68% | $23.81 (+40.97%) |
May 21, 2026 22w ago | Insider Cluster | $16.50 $22.36 | ▲ +35.52% | ▲ +31.21% | $23.81 (+44.30%) |
US Market Status
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