Musk dissolves Twitter’s board of directors
SEC filings [doc] show that Musk has dissolved Twitters Board of Directors and has become the company’s sole director.
Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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.
Dorsey replaces Costolo
Costolo steps down from the CEO position, but will remain on the board. Dorsey becomes Interim CEO.
https://twitter.com/dickc/status/609090180725678080