Twilio Inc. Reports Board Changes and Executive Compensation Updates
Ticker: TWLO · Form: 8-K · Filed: Oct 4, 2024 · CIK: 1447669
| Field | Detail |
|---|---|
| Company | Twilio Inc (TWLO) |
| Form Type | 8-K |
| Filed Date | Oct 4, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, executive-compensation, board-changes
Related Tickers: TWLO
TL;DR
Twilio's board is shuffling, and exec pay is changing. Keep an eye on this.
AI Summary
Twilio Inc. filed an 8-K on September 30, 2024, reporting changes in its board of directors and executive compensation arrangements. The filing details the departure of certain officers and the election of new directors, alongside updates to compensatory plans for key executives. Specific details regarding the individuals involved and the financial implications of these compensation changes were provided within the document.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy and governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in leadership and compensation can introduce uncertainty, but the filing itself doesn't indicate immediate financial distress.
Key Numbers
- 001-37806 — SEC File Number (Identifies Twilio's filing with the SEC.)
- 26-2574840 — IRS Employer Identification No. (Twilio's tax identification number.)
Key Players & Entities
- Twilio Inc. (company) — Registrant
- Delaware (jurisdiction) — State of incorporation
- San Francisco, California (location) — Principal executive offices address
FAQ
Who departed from Twilio's board or officer positions?
The filing indicates the departure of certain officers and directors, with specific names and roles detailed within the document's sections on director and officer changes.
What are the key changes in executive compensation arrangements?
The 8-K outlines updates to the compensatory arrangements for certain officers, with specific details provided in the relevant sections of the filing.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on September 30, 2024.
What is Twilio Inc.'s principal executive office address?
Twilio Inc.'s principal executive office is located at 101 Spear Street, Fifth Floor, San Francisco, California 94105.
What is the SIC code for Twilio Inc.?
The Standard Industrial Classification (SIC) code for Twilio Inc. is 7372, which falls under SERVICES-PREPACKAGED SOFTWARE.
Filing Stats: 855 words · 3 min read · ~3 pages · Grade level 14.7 · Accepted 2024-10-04 16:10:59
Key Financial Figures
- $0.001 — stered Class A Common Stock, par value $0.001 per share TWLO New York Stock Exchange
Filing Documents
- twlo-20240930.htm (8-K) — 29KB
- exhibit101twilioincamended.htm (EX-10.1) — 76KB
- exhibit102twilioincamended.htm (EX-10.2) — 78KB
- 0001447669-24-000159.txt ( ) — 371KB
- twlo-20240930.xsd (EX-101.SCH) — 3KB
- twlo-20240930_def.xml (EX-101.DEF) — 8KB
- twlo-20240930_lab.xml (EX-101.LAB) — 29KB
- twlo-20240930_pre.xml (EX-101.PRE) — 17KB
- twlo-20240930_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Exhibit Description 10.1 Amended Chief Executive Officer Severance Plan 10.2 Amended Senior Executive Severance Plan 104 Cover Page Interactive Data File (embedded within the Inline XBRL)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. TWILIO INC. October 4, 2024 By: /s/ Dana R. Wagner Name: Dana R. Wagner Title: Chief Legal Officer