Twilio Inc. has issued a supplement to its definitive proxy statement for the upcoming Annual Meeting of Stockholders scheduled for June 6, 2024. The supplement, dated April 26, 2024, revises and replaces Appendix A of the original proxy statement specifically concerning Proposal No. 5. This proposal involves amendments to Article VI of Twilio's certificate of incorporation, which pertain to the company's board structure. The amendments propose a transition from a classified board structure to one where directors are elected annually. The current classified board is divided into three classes, with staggered terms expiring at annual meetings between 2025 and 2027. After the 2027 Annual Meeting, the classification of the board will cease, and directors will be elected for one-year terms. The supplement details the proposed changes, including the process for director removal and filling vacancies, which will remain in effect until the 2027 Annual Meeting. Twilio intends to file an amended and restated certificate of incorporation reflecting the approved amendments post the stockholders' meeting.

Twilio Inc. has issued a supplement to its definitive proxy statement for the upcoming Annual Meeting of Stockholders scheduled for June 6, 2024. The supplement, dated April 26, 2024, revises and replaces Appendix A of the original proxy statement specifically concerning Proposal No. 5. This proposal involves amendments to Article VI of Twilio's certificate of incorporation, which pertain to the company's board structure. The amendments propose a transition from a classified board structure to one where directors are elected annually. The current classified board is divided into three classes, with staggered terms expiring at annual meetings between 2025 and 2027. After the 2027 Annual Meeting, the classification of the board will cease, and directors will be elected for one-year terms. The supplement details the proposed changes, including the process for director removal and filling vacancies, which will remain in effect until the 2027 Annual Meeting. Twilio intends to file an amended and restated certificate of incorporation reflecting the approved amendments post the stockholders' meeting.