Twilio Files Proxy Statement Supplement
Ticker: TWLO · Form: DEFA14A · Filed: 2024-05-24T00:00:00.000Z
Sentiment: neutral
Topics: proxy-statement, shareholder-meeting, sec-filing
Related Tickers: TWLO
TL;DR
Twilio dropped more proxy info, check it before you vote.
AI Summary
Twilio Inc. filed a Definitive Additional Materials (DEFA14A) proxy statement supplement on May 24, 2024. This filing provides additional information to shareholders regarding the company's proxy materials for the upcoming meeting. The supplement is related to the company's proxy statement filed in May 2024.
Why It Matters
This filing provides shareholders with updated or additional information necessary for them to make informed voting decisions at the company's upcoming shareholder meeting.
Risk Assessment
Risk Level: low — This is a routine filing of additional proxy materials, not indicating any immediate financial or operational risks.
Key Players & Entities
- TWILIO INC (company) — Registrant
- 0001193125-24-147055 (filing_id) — Accession Number
- 20240524 (date) — Filing Date
- 101 SPEAR STREET SUITE 500 (address) — Company Business Address
- San Francisco (city) — Company Location
- DE (state) — State of Incorporation
FAQ
What type of SEC filing is this?
This is a DEFA14A, a Definitive Additional Materials proxy statement.
Who is the filing company?
The filing company is Twilio Inc.
When was this filing made?
The filing was made on May 24, 2024.
What is the purpose of a DEFA14A filing?
A DEFA14A filing is used to provide additional materials to shareholders related to a proxy statement, often after the initial definitive proxy statement has been filed.
What is Twilio Inc.'s fiscal year end?
Twilio Inc.'s fiscal year ends on December 31.
From the Filing
0001193125-24-147055.txt : 20240524 0001193125-24-147055.hdr.sgml : 20240524 20240524161432 ACCESSION NUMBER: 0001193125-24-147055 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 17 FILED AS OF DATE: 20240524 DATE AS OF CHANGE: 20240524 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TWILIO INC CENTRAL INDEX KEY: 0001447669 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 262574840 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-37806 FILM NUMBER: 24984502 BUSINESS ADDRESS: STREET 1: 101 SPEAR STREET STREET 2: SUITE 500 CITY: San Francisco STATE: CA ZIP: 94105 BUSINESS PHONE: 415-390-2337 MAIL ADDRESS: STREET 1: 101 SPEAR STREET STREET 2: SUITE 500 CITY: San Francisco STATE: CA ZIP: 94105 DEFA14A 1 d834626ddefa14a.htm DEFA14A DEFA14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.  ) Filed by the Registrant ☒        Filed by a Party other than the Registrant ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☐ Definitive Proxy Statement ☒ Definitive Additional Materials ☐ Soliciting Material under §240.14a-12 Twilio Inc. (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): ☒ No fee required. ☐ Fee paid previously with preliminary materials. ☐ Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14A-6(i)(1) and 0-11 Twilio Proxy Statement Supplement May 2024 ©2024 TWILIO INC. ALL RIGHTS RESERVED Twilio has taken extensive actions to position the company for future success Mar 5, 2024 Feb 13-15, 2023 Announced additional operational and financial actions: Mar 27, 2023 • Outcome of Segment review, with plan to reach BU Dec 4, 2023 Undertook comprehensive review of strategy and break-even non-GAAP operating profitability by Q2 2025 Announced sale of Sep 14, 2022 Strategic, operations to more effectively drive long-term • Accelerated consolidated GAAP operating profitability Announced additional IoT business sustainable growth, which resulted in: Operational & target to Q4 2025 Implemented actions to enhance profitable • New operating model for the business, including • Additional $2 billion share repurchase authorization corporate growth, including: Financial separation into two business units • Restructuring Segment restructuring • Streamlined go-to-market Actions business unit including 11% Jun 8, 2023 • Rationalized OpEx • Reducing workforce by workforce reduction Jan 8, 2024 • Reduced workforce by additional 17% Announced sale of additional 5% Initiated operational review of • Launched $1 billion share repurchase program ValueFirst business Segment business unit • Introduced GAAP profitability target of FY 2027 Aug-22Sep-22Oct-22Nov-22Dec-22Jan-23Feb-23Mar-23Apr-23May-23Jun-23Jul-23Aug-23Sep-23Oct-23Nov-23Dec-23Jan-24Feb-24Mar-24Apr-24May-24Jun-24 Timeline Mar 30, 2024 Jan 8, 2024 Board & Aug 4, 2022 Mar 28, 2023 Jun 6, 2024 Appointed Andy Announced: Jun 28, 2023 Corporate Stafman, a Appointed Miyuki Appointed Charlie • Appointment of Khozema Management proposal to Governance representative of a Suzuki as a new Bell as a new Sunset dual-class Shipchandler as new CEO declassify the Board to be major Twilio independent independent share structure • Separation of Chair and CEO roles Actions voted on at AGM shareholder, as a new director director • Appointment of an independen