On Monday, Twilio announced a settlement with Sachem Head, an activist investor whose involvement in the company had been previously unreported.
The agreement resulted in Twilio, which sells communications software, giving a board seat to Andy Stafman, a partner at Sachem Head.
Two days later, Twilio said Byron Deeter, a prominent venture capitalist and early investor in the company, would be leaving the board.
On March 11, less than a week after Twilio concluded the review, Sachem Head told the company it planned to nominate board candidates.
"This issue remains relevant despite Mr. Deeter's departure given the continued directorship of another Bessemer partner," Gupta said.
Persons:
Twilio, Jeff Lawson, Anson, that's, Andy Stafman, Byron Deeter, Sagar Gupta, Gupta, Lawson's, Legion, FactSet, Lawson, Sachem, Stafman, Deeter, Bessemer, Jeff Epstein
Organizations:
Anson Funds, Sachem, Board, Nasdaq, Legion Partners, CNBC, Bessemer
Locations:
Twilio, Europe, Anson, Bessemer