Twilio Inc. Announces Executive and Board Changes
Ticker: TWLO · Form: 8-K · Filed: 2024-12-16T00:00:00.000Z
Sentiment: neutral
Topics: management-change, board-of-directors, executive-compensation
TL;DR
Twilio's board and execs are shuffling; new faces in, old faces out.
AI Summary
Twilio Inc. announced on December 13, 2024, changes in its executive team and board of directors. The filing details the departure of certain officers and directors, the election of new directors, and updates to compensatory arrangements for key executives. Specific details regarding the individuals involved and the exact nature of the compensatory arrangements were not fully disclosed in this initial filing.
Why It Matters
Changes in executive leadership and board composition can signal shifts in company strategy, operational focus, or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Executive and board changes can introduce uncertainty regarding future strategy and leadership stability.
Key Numbers
- 2024-12-13 — Report Date (Date of the earliest event reported)
- 001-37806 — SEC File Number (Twilio's SEC filing number)
Key Players & Entities
- Twilio Inc. (company) — Registrant
- Delaware (jurisdiction) — State of incorporation
- San Francisco, California (location) — Principal executive offices
FAQ
Who are the specific officers and directors departing from Twilio Inc.?
The filing indicates the departure of certain officers and directors but does not name them specifically in the provided text.
Who are the newly elected directors to Twilio Inc.'s board?
The filing mentions the election of directors but does not provide their names in the excerpt.
What are the details of the updated compensatory arrangements for certain officers?
The filing notes changes to compensatory arrangements but does not specify the details or amounts in the provided text.
What is the exact date of the reported events?
The earliest event reported is dated December 13, 2024.
What is Twilio Inc.'s principal executive office address?
Twilio Inc.'s principal executive offices are located at 101 Spear Street, Fifth Floor, San Francisco, California 94105.
From the Filing
0001193125-24-279636.txt : 20241216 0001193125-24-279636.hdr.sgml : 20241216 20241216163759 ACCESSION NUMBER: 0001193125-24-279636 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20241213 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20241216 DATE AS OF CHANGE: 20241216 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: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-37806 FILM NUMBER: 241552404 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 8-K 1 d659533d8k.htm 8-K 8-K TWILIO INC false 0001447669 0001447669 2024-12-13 2024-12-13     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 13, 2024     Twilio Inc. (Exact name of registrant as specified in its charter)       Delaware   001-37806   26-2574840 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.) 101 Spear Street , Fifth Floor San Francisco , California 94105 (Address of principal executive offices) (Zip Code) (415) 390-2337 (Registrant’s telephone number, including area code) Not Applicable (Former name or former address, if changed since last report)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading symbol(s)   Name of each exchange on which registered Class A Common Stock, par value $0.001 per share   TWLO   New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐       Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On December 13, 2024, Dana Wagner, the Chief Legal Officer and Corporate Secretary of Twilio Inc. (the “Company”), notified the Company of his intention to resign from his positions at the Company. In order to ensure a smooth transition, Mr. Wagner will continue his employment in his current positions at the Company through January 1, 2025. Mr. Wagner will not receive any severance payments or benefits in