Twitter Appoints Elon Musk to Its Board of Directors
joecunninghamshow.substack.com
The social media coup continues after Elon Musk, who bought billions in Twitter stock and became its largest shareholder, entered an agreement to join the social media company's board of directors. According to an SEC filing revealed Tuesday morning, Musk entered into the agreement where "The Company will appoint Mr. Musk to the Company’s Board of Directors (the 'Board') to serve as a Class II director with a term expiring at the Company’s 2024 Annual Meeting of Stockholders." It also states that Musk, as long as he's on the board, will not "become the beneficial owner of more than 14.9% of the Company’s common stock outstanding at such time, including for these purposes economic exposure through derivative securities, swaps, or hedging transactions."
Twitter Appoints Elon Musk to Its Board of Directors
Twitter Appoints Elon Musk to Its Board of…
Twitter Appoints Elon Musk to Its Board of Directors
The social media coup continues after Elon Musk, who bought billions in Twitter stock and became its largest shareholder, entered an agreement to join the social media company's board of directors. According to an SEC filing revealed Tuesday morning, Musk entered into the agreement where "The Company will appoint Mr. Musk to the Company’s Board of Directors (the 'Board') to serve as a Class II director with a term expiring at the Company’s 2024 Annual Meeting of Stockholders." It also states that Musk, as long as he's on the board, will not "become the beneficial owner of more than 14.9% of the Company’s common stock outstanding at such time, including for these purposes economic exposure through derivative securities, swaps, or hedging transactions."