The company said its board approved and adopted the Third Amended and Restated Bylaws on February 8, 2024, and that the amended bylaws took effect upon that approval and adoption.

1. 01

   The company said its board approved and adopted the Third Amended and Restated Bylaws on February 8, 2024, and that the amended bylaws took effect upon that approval and adoption.

2. 02

   Twilio said the amendments were adopted to enhance corporate governance and facilitate stockholder input in director elections, in light of recent developments in Delaware law.

3. 03

   Twilio said it revised the "Acting in Concert" definition so that a person is deemed to be acting in concert with another only if they have an agreement, arrangement or understanding regarding the nomination or business proposed at a meeting. It said it removed the "Responsible Persons" disclosure requirements and added a definition of "principal competitor."

4. 04

   The company said it revised adjournment and stockholder list preparation procedures to reflect recent amendments to the Delaware General Corporation Law. It also said the full text of the amended bylaws is filed as Exhibit 3.1.

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Original filing

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