Right of Shareholders to Call Special Meetings | Interfaith Center on Corporate Responsibility

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<h4>Resolution Details</h4>
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<strong>Company:</strong>
<p>HubSpot, Inc. </p>
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<strong>Year:</strong>
<p>2026 </p>
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<strong>Issue Area:</strong>
<p>Corporate Governance </p>
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<strong>Focus Area:</strong>
<p>Shareholder Rights </p>
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<strong>Status:</strong>
<p>Filed</p>
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<h2>Resolution Text</h2>
<p><strong>RESOLVED</strong>: Shareholders ask our Board of Directors to take the steps necessary to amend the appropriate company governing documents to give the owners of a combined 10% of our outstanding common stock the power to call a special shareholder meeting or the owners of the lowest percentage of shareholders, as governed by state law, the power to call a special shareholder meeting. Such a special shareholder meeting can be an easy to convene online shareholder meeting.</p>
<p><strong>SUPPORTING STATEMENT</strong>:</p>
<p dir=”ltr”>To guard against the HubSpot of Directors and management becoming complacent shareholders need the ability to call a special shareholder meeting to help the Board adopt new strategies when HUBS underperforms.</p>
<p dir=”ltr”>Now could be a ripe time for this policy since HUBS stock was at $866 in 2021 and was down to only $398 in late 2025 despite a robust stock market. </p>
<p dir=”ltr”>Shareholders may especially seek a shareholder right to call for a special shareholder meeting considering the headwinds now faced by HUBS.</p>
<p dir=”ltr”>HubSpot’s stock price experienced significant volatility and decline throughout 2025, hitting a 52-week low in November. This drop was driven by shareholder concerns over HubSpot’s valuation and doubts about its ability to maintain high growth rates.<br><br>Several analysts downgraded HubSpot’s stock or lowered their price targets. For example, Wall Street Zen lowered the rating from “buy” to “hold,” and firms like Barclays, Oppenheimer, and Piper Sandler reduced their price targets. One analyst even issued a “sell” rating.<br><br>Ongoing user complaints focus on HubSpot’s pricing model. Specific issues include the platform getting “expensive really quickly,” mandatory annual contracts with no early cancellation or refunds, and core features being locked behind expensive higher-tier plans (e.g., A/B testing, advanced reporting).<br><br>HubSpot shares fell significantly after OpenAI announced new internal software applications that could potentially compete with existing SaaS offerings, sparking broader concerns across the sector about displacement by DIY AI solutions.<br><br>An incident report detailed a technical error during a system configuration change that resulted in a brief period of “widespread errors when accessing CRM records” for customers. There was no data loss, but it highlighted a system vulnerability.<br><br>Reports discussed a significant drop (estimated 75%) in HubSpot’s blog traffic following Google algorithm updates targeting low-depth content. HUBS framed this as a strategic pivot, but news reports portrayed it as an SEO “collapse” or a wake-up call for content marketers.</p>

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<h3>Lead Filer</h3>
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<div class=”views-field views-field-nothing”><span class=”field-content”> John Chevedden</span></div><div class=”views-field views-field-title views-field-field-shareholder”><span class=”field-content”>Chevedden Corporate Governance</span></div>
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