US90138F1021 - Common Stock
Investing with the Ark Invest guru is a roller coaster ride, but she always keeps her big ideas for the future in front of her.
In the most recent trading session, Twilio (TWLO) closed at $61.33, indicating a -0.84% shift from the previous trading day.
The activist firm reached an agreement with Twilio, and Stafman will join the board of directors.
Twilio is under fresh scrutiny from activist investor Anson Funds, which has been pushing for change for months.
If Twilio gets shareholder approval for the declassification of board, directors elected at the 2025 annual meeting and thereafter will be elected to one-year terms, the company said in a statement. Twilio also said that board member Byron Deeter will not seek reelection as a director and will retire from the board prior to its 2024 annual meeting of shareholders. The size of the board will be reduced back to nine directors after Deeter's retirement.
Twilio Inc., a software company that has been challenged by activist investors, is asking shareholders to change its board director terms to one year from three beginning in 2025.
(Bloomberg) -- Twilio Inc., a software company that has been challenged by activist investors, is asking shareholders to change its board director terms to one year from three beginning in 2025.Most Read from BloombergKim Jong Un Faces Annihilation in Most Korea War ScenariosTSMC Facilities to Resume Production Overnight After QuakeA Million Simulations, One Verdict for US Economy: Debt Danger AheadTrump Media’s Business Doesn’t MatterApple Explores Home Robotics as Potential ‘Next Big Thing’ Af
Twilio Inc. is adding a partner at Sachem Head Capital Management to its board, in a surprise settlement that revealed a third activist in its stock.
Cloud communications company Twilio has appointed a partner at Sachem Head Capital Management to its board, it said on Monday, as it faces pressure from several activist investment firms to make significant changes. Twilio added Andy Stafman and expanded the size of the board by one person to 10 people. The change removes the chance of a boardroom challenge from Sachem Head in 2024 when three Twilio directors, including Chief Executive Khozema Shipchandler and board Chairman Jeff Epstein, are scheduled to stand for election.
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Zacks.com users have recently been watching Twilio (TWLO) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Twilio, Zscaler, NextEra Energy, and American Water Works are part of the Zacks top Analyst Blog.
Ark Invest named both of these stocks as part of an "AI sleeper wave." But Wood doesn't seem as excited about them now as she has been in the past.