Twilio said independent director Byron Deeter notified the board on April 3, 2024 of his decision to retire and not stand for re-election. The retirement takes effect when his current term expires, immediately before the company's 2024 annual meeting of stockholders.

1. 01

   Twilio said independent director Byron Deeter notified the board on April 3, 2024 of his decision to retire and not stand for re-election. The retirement takes effect when his current term expires, immediately before the company's 2024 annual meeting of stockholders.

2. 02

   Twilio said the board will shrink from 10 to 9 members after Deeter retires, and Class II will shrink from 4 to 3 directors. The company said the decision was not due to any disagreement with the company, the board or management regarding its operations, policies, practices or otherwise.

3. 03

   Twilio said its board approved on April 3, 2024 a charter amendment to declassify the board at the 2024 annual meeting, subject to shareholder approval. If approved, directors who are now elected to 3-year terms will be elected to 1-year terms starting at the 2025 annual meeting.

4. 04

   The company said in its press release that Deeter has served on the board since 2010. Board Chair Jeff Epstein said the change follows the end of the company's dual class share structure last year and the separation of the Chair and CEO roles earlier this year.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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