Twilio Inc (TWLO) has issued an update.
Twilio Inc. has struck a cooperation agreement with Sachem Head Capital Management LP, leading to Andy J. Stafman’s immediate appointment as a Class II director on Twilio’s expanded board. Stafman is set to serve until the 2024 Annual Meeting, with intentions for reelection and a successor plan in place if needed. The agreement, which includes standstill, voting, and confidentiality commitments, alongside a non-disparagement clause, will last until after the 2025 annual meeting or until Stafman’s board service ends. Additionally, Stafman will receive standard compensation for directors, including an initial stock grant, and be covered by an indemnification agreement.
Learn more about TWLO stock on TipRanks’ Stock Analysis page.
