<PAGE>   1






     As Filed with the Securities and Exchange Commission on June ___, 1997

                                                  Registration No. 33-__________


                       SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C.  20549

                                    FORM S-8

                             REGISTRATION STATEMENT
                                     UNDER
                           THE SECURITIES ACT OF 1933

                                   TEAM, INC.
             (Exact name of registrant as specified in its charter)

                             1019 South Hood Street
                              Alvin, Texas  77511
                                 (713) 331-6154
          (Address and telephone number of principal executive office)

          Texas                                        74-1765729
(State of Incorporation)                 (I.R.S. Employer Identification Number)


            TEAM, INC. OFFICERS RESTRICTED STOCK OPTION PLAN AND
     STOCK OPTION AGREEMENT BETWEEN TEAM, INC. AND WILLIAM T. BRAMBLETT
                            (Full Title of Plans)

                        -----------------------------

                                Margie E. Rogers
                            Secretary and Treasurer
                                   TEAM, INC.
                             1019 South Hood Street
                              Alvin, Texas  77511
                                 (713) 331-6154
            (Name, address and telephone number of agent for service)

                                    Copy to:

                CHAMBERLAIN, HRDLICKA, WHITE, WILLIAMS & MARTIN
                         Attention:  Byron L. Willeford
                         1200 Smith Street, Suite 1400
                             Houston, Texas  77002          

                        -----------------------------

                        CALCULATION OF REGISTRATION FEE
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------
                             Number of             Proposed              Proposed
       Title of               shares                maximum               maximum              Amount of
   securities being            being            offering price           aggregate           registration
      registered            registered           per share (1)        offering price              fee
----------------------------------------------------------------------------------------------------------
 <S>                          <C>                   <C>                 <C>                      <C>
 Common Stock,                70,000                $2.125               $148,750                $100
 par value $0.30
 per share
----------------------------------------------------------------------------------------------------------

</TABLE>

(1)    Based on market price and on stock option exercise price, and used solely
       to determine the registration fee in accordance with Rule 457(h) under
       the Securities Act of 1933.
<PAGE>   2
                                    PART II

               INFORMATION REQUIRED IN THE REGISTRATION STATEMENT


ITEM 3.  INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE.

       The following documents are hereby incorporated by reference into this
registration statement:

       (a)    The registrant's Annual Report on Form 10-K for the year ended
May 31, 1996.

       (b)    All other reports filed by the registrant pursuant to sections
13(a) or 15(d) of the Securities Exchange Act of 1934 since May 31, 1996.

       (c)    The description of registrant's Common Stock in registrant's
Registration Statement on Form S-2, File No. 33-31663.

       (d)    Statement of Relative Rights and Preferences of Series A
Participatory Preferred Stock of Team, Inc. included in Exhibit 2.2 to the
Company's Form 8-A filed with the Securities and Exchange Commission dated
October 26, 1990.

       (e)    Rights Agreement dated as of October 24, 1990 between Team, Inc.
and Ameritrust Company National Association as Rights Agent included in Exhibit
2.1 to the Company's Form 8-A filed with the Securities and Exchange Commission
dated October 26, 1990.

       (f)    All other documents filed by the registrant since May 31, 1996
pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act
of 1934 and prior to the termination of the offering pursuant hereto, from the
date of filing of such documents.

       Any statement contained in a document incorporated or deemed to be
incorporated by reference herein shall be deemed to be modified or superseded
for purposes of this registration statement to the extent that a statement
contained herein or in any other subsequently filed document which also is or
is deemed to be incorporated by reference herein modifies or supersedes such
statement.  Any such statement so modified or superseded shall not be deemed,
except as so modified or superseded, to constitute a part of this registration
statement.

ITEM 4.  DESCRIPTION OF SECURITIES.

                                Not applicable.





                                       2.
<PAGE>   3
ITEM 5.  INTERESTS OF NAMED EXPERTS AND COUNSEL.

       Sidney B. Williams, a director of the registrant, is the sole owner of a
professional corporation which is a partner in the law firm which delivered the
legal opinion included as Exhibit 5 hereto.  Such firm provides legal services
to the registrant from time to time, and Mr. Williams, as a director,
participates in a stock option plan for non-employee directors.

ITEM 6.  INDEMNIFICATION OF DIRECTORS AND OFFICERS.

       Applicable provisions of the Texas Business Corporation Act and the
Articles of Incorporation and Bylaws of the registrant authorize
indemnification of directors and officers.  A description of such provisions
and the general effect thereof regarding the registrant is hereby incorporated
herein by reference to "Item 15.  Indemnification of Directors and Officers" in
Part II of registrant's Registration Statement on Form S-2, File No. 33-31663.

ITEM 7.  EXEMPTION FROM REGISTRATION CLAIMED.

                                Not applicable.

ITEM 8.  EXHIBITS.

       4(a)   Restated Articles of Incorporation of the registrant are
              incorporated herein by reference to Exhibit 4.1 to the
              registrant's Registration Statement on Form S-2, File No. 33-
              31663.

       4(b)   Bylaws of the registrant are incorporated herein by reference to
              Exhibit 4.2 to the registrant's Registration Statement on Form S-
              2, File No. 33-31663.

       5      Opinion of Messrs. Chamberlain, Hrdlicka, White, Williams &
              Martin regarding the legality of the securities being registered.

       24(a)         Consent of Deloitte & Touche.

       24(b)         Consent of Counsel, Chamberlain, Hrdlicka, White, Williams
                     & Martin, is set forth in Exhibit 5 hereto.

       99(a)         Team, Inc.  Officers' Restricted Stock Option Plan.

       99(b)         Sample Form of Stock Option Agreement Under the Team, Inc.
                     Officers' Restricted Stock Option Plan.

       99(c)         Stock Option Agreement Between Team, Inc. and William T.
                     Bramblett.





                                       3.
<PAGE>   4
ITEM 9.  UNDERTAKINGS.

       (a)    The undersigned registrant hereby undertakes:

              (1)    To file, during any period in which offers or sales are
                     being made, a post-effective amendment to this
                     registration statement:

                            (i)    to include any prospectus required by
                     Section 10(a)(3) of the Securities Act of 1933 subject to
                     applicable regulations;

                            (ii)   to reflect in the prospectus any facts or
                     events arising after the effective date of this
                     Registration Statement (or the most recent post-effective
                     amendment thereof) which, individually or in the
                     aggregate, represent a fundamental change in the
                     information set forth in this Registration Statement; and

                            (iii)  to include any material information with
                     respect to the plan of distribution not previously
                     disclosed in this Registration Statement or any material
                     change to such information in this Registration Statement.

                            Provided, however, that paragraphs (a)(1)(i) and
                     (a)(1)(ii) do not apply if the information required to be
                     included in a post-effective amendment by those paragraphs
                     is contained in periodic reports filed by the Registrant
                     pursuant to Section 13 or Section 15(d) of the Securities
                     Exchange Act of 1934 that are incorporated by reference in
                     this Registration Statement.

              (2)    That, for the purpose of determining any liability under
                     the Securities Act of 1933, each such post-effective
                     amendment shall be deemed to be a new registration
                     statement relating to the securities offered herein, and
                     the offering of such securities at that time shall be
                     deemed to be the initial bona fide offering thereof.

              (3)    To remove from registration by means of a post-effective
                     amendment any of the securities being registered which
                     remain unsold at the termination of the offering.

       (b)    The undersigned registrant hereby undertakes that, for purposes
of determining any liability under the Securities Act of 1933, each filing of
the registrant's annual report pursuant to Section 13(a) or Section 15(d) of
the Securities Exchange Act of 1934 that is incorporated by reference in the
registration statement shall be deemed to be a new registration statement
relating to the securities offered herein, and the offering of such securities
at that time shall be deemed to be the initial bona fide offering thereof.

       (c)    The undersigned registrant hereby undertakes to deliver or cause
to be delivered to each person to whom the prospectus issued pursuant to this
registration statement is sent or given, the latest annual report to security
holders that is incorporated by reference in the prospectus and furnished
pursuant to and meeting the requirements of Rule 14a-3 or Rule 14c-3 under the
Securities Exchange Act of 1934; and, where interim financial information
required to be presented by Article 3 of Regulation S-X is not set forth in the
prospectus, to deliver, or cause to be delivered to each




                                       
                                       4.
<PAGE>   5
person to whom the prospectus is sent or given, the latest quarterly report
that is specifically incorporated by reference in the prospectus to provide
such interim financial information.

       (d)    Insofar as indemnification for liabilities arising under the
Securities Act of 1933 ("Act") may be permitted to directors, officers and
controlling persons of the registrant, the registrant has been advised that in
the opinion of the Securities and Exchange Commission such indemnification is
against public policy as expressed in the Act and is, therefore, unenforceable.
In the event that a claim for indemnification against such liabilities (other
than the payment by the registrant of expenses incurred or paid by a director,
officer or controlling person of the registrant in the successful defense of
any action, suit or proceedings) is asserted by such director, officer or
controlling person in connection with the securities being registered, the
registrant will, unless in the opinion of its counsel the matter has been
settled by controlling precedent, submit to a court of appropriate jurisdiction
the question whether such indemnification by it is against public policy as
expressed in the Act and will be governed by the final adjudication of such
issue.





                                       5.
<PAGE>   6
                                   SIGNATURES

       Pursuant to the requirements of the Securities Act of 1933, the
registrant certifies that it has reasonable grounds to believe that it meets
all of the requirements for filing on Form S-8 and has duly caused this
registration statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in Alvin, Texas, effective June 19, 1997.

                                   TEAM, INC.


                                   By:    /s/ William A. Ryan    
                                      ---------------------------
                                           William A. Ryan
                                           Chairman of the Board and President


       Pursuant to the requirements of the Securities Act of 1933, this
registration statement has been signed by the following persons in the
capacities and effective as of the date indicated.



<TABLE>
<CAPTION>
                 Signature                                      Title                           Date
                 ---------                                      -----                           ----
                   <S>                                     <C>                              <C>
                    /s/ William A. Ryan                    Chairman of the Board,            June 19, 1997
 ----------------------------------------------------      President and Director
                       William A. Ryan                     (Principal Executive and
                                                           Financial Officer)



                    /s/ Margie E. Rogers                   Secretary and Treasurer           June 19, 1997
 ----------------------------------------------------      (Principal Accounting
                       Margie E. Rogers                    Officer)


                    /s/ George W. Harrison                 Director                          June 19, 1997
 ----------------------------------------------------                                                     
                       George W. Harrison


                    /s/ Sidney B. Williams                 Director                          June 19, 1997
 ----------------------------------------------------                                                     
                       Sidney B. Williams

</TABLE>




                                       6.
<PAGE>   7
                               INDEX TO EXHIBITS


     EXHIBIT
       NO.                         DESCRIPTION
     -------                       -----------
       4(a)   Restated Articles of Incorporation of the registrant are
              incorporated herein by reference to Exhibit 4.1 to the
              registrant's Registration Statement on Form S-2, File No. 33-
              31663.

       4(b)   Bylaws of the registrant are incorporated herein by reference to
              Exhibit 4.2 to the registrant's Registration Statement on Form S-
              2, File No. 33-31663.

       5      Opinion of Messrs. Chamberlain, Hrdlicka, White, Williams &
              Martin regarding the legality of the securities being registered.

       24(a)         Consent of Deloitte & Touche.

       24(b)         Consent of Counsel, Chamberlain, Hrdlicka, White, Williams
                     & Martin, is set forth in Exhibit 5 hereto.

       99(a)         Team, Inc.  Officers' Restricted Stock Option Plan.

       99(b)         Sample Form of Stock Option Agreement Under the Team, Inc.
                     Officers' Restricted Stock Option Plan.

       99(c)         Stock Option Agreement Between Team, Inc. and William T.
                     Bramblett.
[{"type": "S-8", "sequence": "1", "description": "TEAM, INC. - FORM S-8", "secsgml_size_bytes": 16190}]
{"company-data": {"conformed-name": "TEAM INC", "cik": "0000318833", "assigned-sic": "7600", "irs-number": "741765729", "state-of-incorporation": "TX", "fiscal-year-end": "0531"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-30003", "film-number": "97629580"}, "business-address": {"street1": "1019 SOUTH HOOD STREET", "city": "ALVIN", "state": "TX", "zip": "77511", "phone": "2813316124"}, "mail-address": {"street1": "1019 SOUTH HOOD STREET", "city": "ALVIN", "state": "TX", "zip": "77551"}}
1

     As Filed with the Securities and Exchange Commission on June ___, 1997

                                                  Registration No. 33-__________

                       SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C.  20549

                                    FORM S-8

                             REGISTRATION STATEMENT
                                     UNDER
                           THE SECURITIES ACT OF 1933

                                   TEAM, INC.
             (Exact name of registrant as specified in its charter)

                             1019 South Hood Street
                              Alvin, Texas  77511
                                 (713) 331-6154
          (Address and telephone number of principal executive office)

          Texas                                        74-1765729
(State of Incorporation)                 (I.R.S. Employer Identification Number)

            TEAM, INC. OFFICERS RESTRICTED STOCK OPTION PLAN AND
     STOCK OPTION AGREEMENT BETWEEN TEAM, INC. AND WILLIAM T. BRAMBLETT
                            (Full Title of Plans)

                        -----------------------------

                                Margie E. Rogers
                            Secretary and Treasurer
                                   TEAM, INC.
                             1019 South Hood Street
                              Alvin, Texas  77511
                                 (713) 331-6154
            (Name, address and telephone number of agent for service)

                                    Copy to:

                CHAMBERLAIN, HRDLICKA, WHITE, WILLIAMS & MARTIN
                         Attention:  Byron L. Willeford
                         1200 Smith Street, Suite 1400
                             Houston, Texas  77002          

                        -----------------------------

                        CALCULATION OF REGISTRATION FEE
----------------------------------------------------------------------------------------------------------
                             Number of             Proposed              Proposed
       Title of               shares                maximum               maximum              Amount of
   securities being            being            offering price           aggregate           registration
      registered            registered           per share (1)        offering price              fee
----------------------------------------------------------------------------------------------------------
Common Stock,                70,000                $2.125               $148,750                $100
 par value $0.30
 per share
----------------------------------------------------------------------------------------------------------
(1)    Based on market price and on stock option exercise price, and used solely
       to determine the registration fee in accordance with Rule 457(h) under
       the Securities Act of 1933.
2
                                    PART II

               INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

ITEM 3.  INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE.

       The following documents are hereby incorporated by reference into this
registration statement:

       (a)    The registrant's Annual Report on Form 10-K for the year ended
May 31, 1996.

       (b)    All other reports filed by the registrant pursuant to sections
13(a) or 15(d) of the Securities Exchange Act of 1934 since May 31, 1996.

       (c)    The description of registrant's Common Stock in registrant's
Registration Statement on Form S-2, File No. 33-31663.

       (d)    Statement of Relative Rights and Preferences of Series A
Participatory Preferred Stock of Team, Inc. included in Exhibit 2.2 to the
Company's Form 8-A filed with the Securities and Exchange Commission dated
October 26, 1990.

       (e)    Rights Agreement dated as of October 24, 1990 between Team, Inc.
and Ameritrust Company National Association as Rights Agent included in Exhibit
2.1 to the Company's Form 8-A filed with the Securities and Exchange Commission
dated October 26, 1990.

       (f)    All other documents filed by the registrant since May 31, 1996
pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act
of 1934 and prior to the termination of the offering pursuant hereto, from the
date of filing of such documents.

       Any statement contained in a document incorporated or deemed to be
incorporated by reference herein shall be deemed to be modified or superseded
for purposes of this registration statement to the extent that a statement
contained herein or in any other subsequently filed document which also is or
is deemed to be incorporated by reference herein modifies or supersedes such
statement.  Any such statement so modified or superseded shall not be deemed,
except as so modified or superseded, to constitute a part of this registration
statement.

ITEM 4.  DESCRIPTION OF SECURITIES.

                                Not applicable.

                                       2.
3
ITEM 5.  INTERESTS OF NAMED EXPERTS AND COUNSEL.

       Sidney B. Williams, a director of the registrant, is the sole owner of a
professional corporation which is a partner in the law firm which delivered the
legal opinion included as Exhibit 5 hereto.  Such firm provides legal services
to the registrant from time to time, and Mr. Williams, as a director,
participates in a stock option plan for non-employee directors.

ITEM 6.  INDEMNIFICATION OF DIRECTORS AND OFFICERS.

       Applicable provisions of the Texas Business Corporation Act and the
Articles of Incorporation and Bylaws of the registrant authorize
indemnification of directors and officers.  A description of such provisions
and the general effect thereof regarding the registrant is hereby incorporated
herein by reference to "Item 15.  Indemnification of Directors and Officers" in
Part II of registrant's Registration Statement on Form S-2, File No. 33-31663.

ITEM 7.  EXEMPTION FROM REGISTRATION CLAIMED.

                                Not applicable.

ITEM 8.  EXHIBITS.

       4(a)   Restated Articles of Incorporation of the registrant are
              incorporated herein by reference to Exhibit 4.1 to the
              registrant's Registration Statement on Form S-2, File No. 33-
              31663.

       4(b)   Bylaws of the registrant are incorporated herein by reference to
              Exhibit 4.2 to the registrant's Registration Statement on Form S-
              2, File No. 33-31663.

       5      Opinion of Messrs. Chamberlain, Hrdlicka, White, Williams &
              Martin regarding the legality of the securities being registered.

       24(a)         Consent of Deloitte & Touche.

       24(b)         Consent of Counsel, Chamberlain, Hrdlicka, White, Williams
                     & Martin, is set forth in Exhibit 5 hereto.

       99(a)         Team, Inc.  Officers' Restricted Stock Option Plan.

       99(b)         Sample Form of Stock Option Agreement Under the Team, Inc.
                     Officers' Restricted Stock Option Plan.

       99(c)         Stock Option Agreement Between Team, Inc. and William T.
                     Bramblett.

                                       3.
4
ITEM 9.  UNDERTAKINGS.

       (a)    The undersigned registrant hereby undertakes:

              (1)    To file, during any period in which offers or sales are
                     being made, a post-effective amendment to this
                     registration statement:

                            (i)    to include any prospectus required by
                     Section 10(a)(3) of the Securities Act of 1933 subject to
                     applicable regulations;

                            (ii)   to reflect in the prospectus any facts or
                     events arising after the effective date of this
                     Registration Statement (or the most recent post-effective
                     amendment thereof) which, individually or in the
                     aggregate, represent a fundamental change in the
                     information set forth in this Registration Statement; and

                            (iii)  to include any material information with
                     respect to the plan of distribution not previously
                     disclosed in this Registration Statement or any material
                     change to such information in this Registration Statement.

                            Provided, however, that paragraphs (a)(1)(i) and
                     (a)(1)(ii) do not apply if the information required to be
                     included in a post-effective amendment by those paragraphs
                     is contained in periodic reports filed by the Registrant
                     pursuant to Section 13 or Section 15(d) of the Securities
                     Exchange Act of 1934 that are incorporated by reference in
                     this Registration Statement.

              (2)    That, for the purpose of determining any liability under
                     the Securities Act of 1933, each such post-effective
                     amendment shall be deemed to be a new registration
                     statement relating to the securities offered herein, and
                     the offering of such securities at that time shall be
                     deemed to be the initial bona fide offering thereof.

              (3)    To remove from registration by means of a post-effective
                     amendment any of the securities being registered which
                     remain unsold at the termination of the offering.

       (b)    The undersigned registrant hereby undertakes that, for purposes
of determining any liability under the Securities Act of 1933, each filing of
the registrant's annual report pursuant to Section 13(a) or Section 15(d) of
the Securities Exchange Act of 1934 that is incorporated by reference in the
registration statement shall be deemed to be a new registration statement
relating to the securities offered herein, and the offering of such securities
at that time shall be deemed to be the initial bona fide offering thereof.

       (c)    The undersigned registrant hereby undertakes to deliver or cause
to be delivered to each person to whom the prospectus issued pursuant to this
registration statement is sent or given, the latest annual report to security
holders that is incorporated by reference in the prospectus and furnished
pursuant to and meeting the requirements of Rule 14a-3 or Rule 14c-3 under the
Securities Exchange Act of 1934; and, where interim financial information
required to be presented by Article 3 of Regulation S-X is not set forth in the
prospectus, to deliver, or cause to be delivered to each

                                       
                                       4.
5
person to whom the prospectus is sent or given, the latest quarterly report
that is specifically incorporated by reference in the prospectus to provide
such interim financial information.

       (d)    Insofar as indemnification for liabilities arising under the
Securities Act of 1933 ("Act") may be permitted to directors, officers and
controlling persons of the registrant, the registrant has been advised that in
the opinion of the Securities and Exchange Commission such indemnification is
against public policy as expressed in the Act and is, therefore, unenforceable.
In the event that a claim for indemnification against such liabilities (other
than the payment by the registrant of expenses incurred or paid by a director,
officer or controlling person of the registrant in the successful defense of
any action, suit or proceedings) is asserted by such director, officer or
controlling person in connection with the securities being registered, the
registrant will, unless in the opinion of its counsel the matter has been
settled by controlling precedent, submit to a court of appropriate jurisdiction
the question whether such indemnification by it is against public policy as
expressed in the Act and will be governed by the final adjudication of such
issue.

                                       5.
6
                                   SIGNATURES

       Pursuant to the requirements of the Securities Act of 1933, the
registrant certifies that it has reasonable grounds to believe that it meets
all of the requirements for filing on Form S-8 and has duly caused this
registration statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in Alvin, Texas, effective June 19, 1997.

                                   TEAM, INC.

                                   By:    /s/ William A. Ryan    
                                      ---------------------------
                                           William A. Ryan
                                           Chairman of the Board and President

       Pursuant to the requirements of the Securities Act of 1933, this
registration statement has been signed by the following persons in the
capacities and effective as of the date indicated.
Signature                                      Title                           Date
                 ---------                                      -----                           ----
/s/ William A. Ryan                    Chairman of the Board,            June 19, 1997
 ----------------------------------------------------      President and Director
                       William A. Ryan                     (Principal Executive and
                                                           Financial Officer)

                    /s/ Margie E. Rogers                   Secretary and Treasurer           June 19, 1997
 ----------------------------------------------------      (Principal Accounting
                       Margie E. Rogers                    Officer)

                    /s/ George W. Harrison                 Director                          June 19, 1997
 ----------------------------------------------------                                                     
                       George W. Harrison

                    /s/ Sidney B. Williams                 Director                          June 19, 1997
 ----------------------------------------------------                                                     
                       Sidney B. Williams
6.
7
                               INDEX TO EXHIBITS

     EXHIBIT
       NO.                         DESCRIPTION
     -------                       -----------
       4(a)   Restated Articles of Incorporation of the registrant are
              incorporated herein by reference to Exhibit 4.1 to the
              registrant's Registration Statement on Form S-2, File No. 33-
              31663.

       4(b)   Bylaws of the registrant are incorporated herein by reference to
              Exhibit 4.2 to the registrant's Registration Statement on Form S-
              2, File No. 33-31663.

       5      Opinion of Messrs. Chamberlain, Hrdlicka, White, Williams &
              Martin regarding the legality of the securities being registered.

       24(a)         Consent of Deloitte & Touche.

       24(b)         Consent of Counsel, Chamberlain, Hrdlicka, White, Williams
                     & Martin, is set forth in Exhibit 5 hereto.

       99(a)         Team, Inc.  Officers' Restricted Stock Option Plan.

       99(b)         Sample Form of Stock Option Agreement Under the Team, Inc.
                     Officers' Restricted Stock Option Plan.

       99(c)         Stock Option Agreement Between Team, Inc. and William T.
                     Bramblett.