Twilio Inc.
Twilio Appoints New Director Andy Stafman Following Cooperation Agreement with Sachem Head
Summary
On March 30, 2024, Twilio Inc. announced a Cooperation Agreement with Sachem Head Capital Management LP, resulting in the appointment of Andy J. Stafman to Twilio's Board of Directors as a Class II director. The agreement also includes terms for nominating Stafman for election at the 2024 Annual Meeting and customary standstill, voting, and confidentiality commitments. Stafman's appointment increases the Board size from nine to ten members. Additionally, on April 1, 2024, Twilio disclosed this agreement and appointment under Regulation FD.
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About Twilio Inc.
Twilio Inc. is a cloud communications platform company that empowers developers to build and manage software communications solutions. Known for its robust application programming interfaces (APIs), Twilio facilitates voice, messaging, video, and email functions for a myriad of applications, making communication simple and programmable. The platform serves a wide array of industries, including retail, healthcare, education, and finance, enabling these sectors to seamlessly integrate communication services into their applications. Founded in 2008, Twilio has established itself as a key enabler of digital transformation, providing scalable and reliable communication technology to businesses of all sizes. Through its pioneering technology, Twilio continues to play a pivotal role in the evolution of customer engagement strategies, supporting companies worldwide in crafting personalized connections with their clients and users. It is known for its customer-centric approach, continuously evolving its services to meet the dynamic needs of the global communications market.
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