Twitter Inc. board reached a deal to keep Egon Durban as a director after he failed to win a majority of shareholder support for a new term over concerns he sat on too many boards.
Mr. Durban, the co-chief executive of private-equity firm Silver Lake, tendered his resignation from the board of the social-media company after preliminary results of votes cast at Twitter annual meeting Wednesday had him falling short of the threshold needed to keep his seat.
