other material
confidence high
sentiment neutral
materiality 0.50
HubSpot amends bylaws to allow 3%+ long-term holders to nominate up to 2 directors (or 20% of board)
HUBSPOT INC
- Bylaw amendment effective April 13, 2022: stockholder(s) with ≥3% voting power for ≥3 years may nominate director candidates.
- Maximum nominees: greater of 2 or 20% of board seats in office at nomination deadline.
- Group of up to 20 stockholders can aggregate holdings to meet threshold.
- Amendment adopted on recommendation of nominating and ESG committee.
- No change to fiscal year or other articles.