Highlighting the 8-K published earlier this morning one more time, it confirms the terms of Elon’s Twitter takeover, which are as they were negotiated in April before Musk tried to get out of the arrangement.
Finally, it confirms that instead of joining Twitter’s board of directors, Elon Musk is now their sole replacement.
On October 27, 2022, and as a result of the consummation of the Merger, Mr. Musk became the sole director of Twitter. In accordance with the terms of the Merger Agreement, effective as of the effective time of the Merger, the following persons, who were directors of Twitter prior to the effective time of the Merger, are no longer directors of Twitter: Bret Taylor, Parag Agrawal, Omid Kordestani, David Rosenblatt, Martha Lane Fox, Patrick Pichette, Egon Durban, Fei-Fei Li and Mimi Alemayehou.
[www.sec.gov]
