(Just The News) Twitter has dissolved its board of directors and named Elon Musk its sole director, Securities and Exchange Commission filings confirmed.
The restructuring came “in accordance with the terms of the Merger Agreement,” the company told the SEC, per The Hill. Musk completed his purchase of the social media platform last week, firing CEO Parag Agrawal, CFO Ned Segal, and others.
News broke on Friday that the company would be de-listed from the New York Stock Exchange in November.
Musk’s purge of the previous Twitter leadership comes amid other promised changes to the company. His original announcement that he would purchase the company delighted some conservatives given his vows to reinstate the account of former President Donald Trump and curtail the company’s content moderation practices. He has since announced that he would create a “content moderation council” to review any such decisions.
