Twilio appoints Khozema Shipchandler as CEO; co-founder Lawson departs; Q4 guidance exceeded

TWILIO INC

Khozema Shipchandler appointed CEO effective Jan 8, 2024; succeeds co-founder Jeff Lawson who resigned as CEO and from board.
Shipchandler receives base salary $1.1M, RSU award ~$10M, and PSU award ~$15M; also named to board.
Jeff Epstein appointed Board Chair; Lawson separation includes $99,840 cash and accelerated vesting of 68,124 shares.
Twilio expects Q4 2023 revenue and non-GAAP income from operations above top end of prior guidance.

item 2.02 item 5.02 item 7.01 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Jeff Lawson

Chief Executive Officer

TWLO · TWILIO INC

Effective: 2024-01-08
Successor: Khozema Shipchandler
Filed: January 8, 2024, 6:59 PM ET

On January 7, 2024, Jeff Lawson resigned as the Company’s Chief Executive Officer (“ CEO ”) and as a member of the Company’s Board of Directors (the “ Board ”) and as Board Chair, in each case, effective January 8, 2024.

Appointed

Khozema Shipchandler

Chief Executive Officer

TWLO · TWILIO INC

Effective: 2024-01-08
Filed: January 8, 2024, 6:59 PM ET

On January 7, 2024, the Board appointed Khozema Shipchandler, the Company’s President, Twilio Communications, as CEO of the Company and as a member of the Board, effective January 8, 2024.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TWILIO INC reported preliminary financial results for the fourth quarter ended December 31, 2023.

Period: the fourth quarter ended December 31, 2023
Result: preliminary results

Exact text from the filing

Twilio expects to report fourth quarter 2023 revenue, fourth quarter 2023 non-GAAP income from operations, and fiscal year 2023 non-GAAP income from operations above the top-end of the guidance ranges it originally provided on November 8, 2023.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TWILIO INC reported preliminary financial results for the fiscal year ended December 31, 2023.

Period: the fiscal year ended December 31, 2023
Result: preliminary results

Exact text from the filing

Twilio expects to report fourth quarter 2023 revenue, fourth quarter 2023 non-GAAP income from operations, and fiscal year 2023 non-GAAP income from operations above the top-end of the guidance ranges it originally provided on November 8, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jeff Lawson resigned as Chief Executive Officer at TWILIO INC.

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

On January 7, 2024, Jeff Lawson resigned as the Company’s Chief Executive Officer (“ CEO ”) and as a member of the Company’s Board of Directors (the “ Board ”) and as Board Chair, in each case, effective January 8, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Khozema Shipchandler was appointed as Chief Executive Officer at TWILIO INC.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On January 7, 2024, the Board appointed Khozema Shipchandler, the Company’s President, Twilio Communications, as CEO of the Company and as a member of the Board, effective January 8, 2024.

View on SEC.gov

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Source: SEC EDGAR

accession 0001193125-24-004000

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