HubSpot Reports Board Changes and Officer Compensation Updates
Ticker: HUBS · Form: 8-K · Filed: Dec 5, 2024 · CIK: 1404655
| Field | Detail |
|---|---|
| Company | Hubspot INC (HUBS) |
| Form Type | 8-K |
| Filed Date | Dec 5, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, corporate-governance
Related Tickers: HUBS
TL;DR
HUBS board shakeup and exec pay adjustments filed.
AI Summary
On December 5, 2024, HubSpot, Inc. filed an 8-K report detailing changes in its board of directors and executive compensation. The filing indicates the election of new directors and potential adjustments to compensatory arrangements for certain officers, though specific names and dollar amounts related to compensation were not detailed in this initial filing.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, and future financial performance.
Risk Assessment
Risk Level: medium — Changes in leadership and compensation can introduce uncertainty and impact future strategic direction and financial performance.
Key Players & Entities
- HUBSPOT, INC. (company) — Registrant
- Delaware (jurisdiction) — State of Incorporation
- Two Canal Park, Cambridge, Massachusetts 02141 (address) — Principal Executive Offices
FAQ
What specific changes were made to the board of directors?
The filing indicates the election of directors, but the specific names of newly elected or departing directors are not detailed in the provided text.
Were there any specific compensatory arrangements for officers disclosed?
The filing mentions compensatory arrangements of certain officers as an item of disclosure, but the specific details, names, and dollar amounts are not provided in this excerpt.
What is the exact date of the earliest event reported?
The date of the earliest event reported is December 5, 2024.
What is HubSpot's state of incorporation?
HubSpot, Inc. is incorporated in Delaware.
What is the company's principal executive office address?
The principal executive offices are located at Two Canal Park, Cambridge, Massachusetts 02141.
Filing Stats: 782 words · 3 min read · ~3 pages · Grade level 12.8 · Accepted 2024-12-05 16:30:09
Key Financial Figures
- $0.001 — ch registered Common Stock, Par Value $0.001 per share HUBS New York Stock Excha
Filing Documents
- hubs-20241205.htm (8-K) — 51KB
- hubs-ex10_1.htm (EX-10.1) — 105KB
- img232865862_0.jpg (GRAPHIC) — 2KB
- 0000950170-24-133721.txt ( ) — 298KB
- hubs-20241205.xsd (EX-101.SCH) — 30KB
- hubs-20241205_htm.xml (XML) — 5KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On December 5, 2024, HubSpot, Inc. (the "Company") announced that Alyssa Harvey Dawson will resign as the Company's Chief Legal Officer upon mutual agreement with the Board of Directors effective as of December 31, 2024 (the " Transition Date "). Ms. Harvey Dawson's resignation is not the result of any disagreements with the Company on any matter relating to the Company's operations, policies, or practices. The Board of Directors thanks Ms. Harvey Dawson for her contributions to HubSpot and wishes her well in her future endeavors. To assist with an orderly transition, on December 2, 2024, the Company and Ms. Harvey Dawson entered into a Transition and Severance Agreement (the " Severance Agreement "), pursuant to which Ms. Harvey Dawson agreed to remain an employee of the Company in a transitional role through March 1, 2025 (the " Separation Date ," and the period between the Transition Date and the Separation Date, the " Transition Period "). During the Transition Period, Ms. Harvey Dawson will (i) continue to receive her regular base salary, less applicable withholdings and taxes, (ii) be entitled to the continued vesting of all outstanding equity awards through the Separation Date, (iii) remain eligible to receive an annual bonus for fiscal year 2024, provided she remains employed on the date the Company pays such bonuses to its executives, and (iv) continue to participate in the Company's medical insurance, life insurance, disability, retirement and other benefit plans. Assuming the fulfillment of all obligations during the Transition Period and the execution and non-revocation of the Severance Agreement (including the Release of Claims included therein), following the Separation Date Ms. Harvey Dawson will be entitled to receive (i) cash severance payments equal to four months of her current base sa
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No . Description 10.1 Severance Agreement, dated December 2, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. HubSpot, Inc. December 5, 2024 By: /s/ Kate Bueker Name: Kate Bueker Title: Chief Financial Officer