Mashable: The plan, which was made public in a filing, comes as the richest man in the world gears up for a court confrontation with Twitter in October.

Twitter announced on Tuesday that a shareholder vote on Elon Musk's proposed $44 billion takeover bid of the social media business would take place on September 13.

The plan, which was made public in a filing, comes as the richest man in the world gears up for a court confrontation with Twitter in October over backing out of his attempt to acquire the social media business.

Shareholders will be asked to decide whether to support a proposal that would allow Twitter to pay some senior officers compensation in connection with the buyout at the meeting, according to a filing from Twitter.

Last week, the company attributed its weak quarterly earnings to "headwinds," particularly the uncertainty brought on by Musk's erratic takeover bid.

The social media behemoth revealed that there are now 237.8 million "monetizable" daily active users—those who can see advertisements—up 8.8 million from the previous quarter.

Twitter's statistics covered the time period that ended in June; therefore, they do not take into consideration Musk's attempt to "terminate" the agreement in July on the grounds that the network was secretive about its number of false accounts.

Parag Agrawal, the CEO of Twitter, had informed staff members in May that the social media company would halt the majority of hiring and assess all open positions.

Twitter announced that its board was firmly in support of the purchase and that shareholders would be entitled to receive $54.20 in cash for each common share they possess if the buyout agreement was successful.

The social media platform responded that Musk couldn't back out now because he had already agreed to the arrangement.

A Delaware court in the east of the United States authorized a speedy trial to determine whether to order the billionaire to finish the takeover.