Summary by Futu AI
On February 8, 2024, Twilio Inc. announced the adoption of its Third Amended and Restated Bylaws, effective immediately upon approval by the Board of Directors. The amendments aim to improve corporate governance and encourage stockholder participation in director elections, reflecting recent changes in Delaware law. Key updates include revised definitions and disclosure requirements for stockholders proposing director nominations or other business, and adjustments to stockholder meeting procedures in line with the Delaware General Corporation Law. The full text of the Amended and Restated Bylaws is available as Exhibit 3.1 attached to the Form 8-K filed with the SEC.