8-K
filed June 7, 2023, 7:59 PM ET
ticker CHGG
CIK 0001364954
other material
confidence high
sentiment neutral
materiality 0.55
Chegg stockholders approve 2023 Equity Incentive Plan (12M new shares) and ESPP
CHEGG, INC
- Stockholders approved 2023 Equity Incentive Plan, adding 12,000,000 shares to the award pool, plus shares forfeited under prior plan.
- Advisory say-on-pay vote passed with 68.9M for, 12.4M against, and 12.8M abstentions (73% support excluding broker non-votes).
- 2023 EIP approved by close vote: 51.6M for, 42.4M against (55% for).
- Amended and Restated 2013 Employee Stock Purchase Plan overwhelmingly approved (93.8M for).
- All three Class I director nominees elected (Renee Budig, Dan Rosensweig, Ted Schlein).
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
CHEGG, INC shareholders approved To approve the A&R ESPP.
- Proposal
- equity plan
- Outcome
- passed
Exact text from the filing
To approve the A&R ESPP. For Against Abstain Broker Non-Votes 93,765,392 210,345 145,860 11,033,609
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
CHEGG, INC shareholders approved To approve, on a non-binding advisory basis, the compensation paid by the Company to our named executive officers.
- Proposal
- say on pay
- Outcome
- passed
Exact text from the filing
To approve, on a non-binding advisory basis, the compensation paid by the Company to our named executive officers: For Against Abstain Broker Non-Votes 68,933,495 12,366,244 12,821,858 11,033,609
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
CHEGG, INC shareholders approved To ratify the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for the year ending December 31, 2023 at the 2023-12-31 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-12-31
Exact text from the filing
To ratify the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for the year ending December 31, 2023: For Against Abstain Broker Non-Votes 105,051,767 59,103 44,336 —
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
CHEGG, INC shareholders approved Election of three Class I directors.
- Proposal
- director election
- Outcome
- passed
Exact text from the filing
To elect three Class I directors, to serve until the third annual meeting of stockholders following the Meeting and until their successors are elected and qualified or until their resignation or removal: Nominee For Against Broker Non-Votes Renee Budig 91,560,086 2,491,739 11,033,609 Dan Rosensweig 87,458,922 5,714,151 11,033,609 Ted Schlein 84,975,385 9,081,974 11,033,609
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
CHEGG, INC shareholders approved To approve the 2023 EIP.
- Proposal
- equity plan
- Outcome
- passed
Exact text from the filing
To approve the 2023 EIP. For Against Abstain Broker Non-Votes 51,600,297 42,356,638 164,662 11,033,609
View on SEC.gov
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