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Twilio | 8-K: Twilio Announces Retirement of Byron Deeter and Board Declassification

SEC announcement · Apr 4 06:10

TWLO +0.60%

Summary by Moomoo AI

On April 3, 2024, Twilio Inc. announced the retirement of Byron Deeter from its Board of Directors, effective prior to the 2024 Annual Meeting of Shareholders. Deeter, who has been a board member since 2010, is stepping down without any disagreements with the company's operations or management. Concurrently, Twilio's Board will be reduced from ten to nine members. Additionally, Twilio is seeking shareholder approval to declassify its Board, transitioning from three-year terms for directors to annual elections, starting with the 2025 Annual Meeting. This move is part of Twilio's commitment to strong corporate governance practices and follows the sunsetting of its dual class share structure and the separation of the Chair and CEO roles earlier in the year. The company has filed a Form 8-K with the SEC and issued a press release detailing these changes.

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