---
schema_version: "secwatch.filing_event.v1"
accession: "0001364954-24-000080"
form_type: "8-K"
ticker: "CHGG"
cik: "0001364954"
company_name: "CHEGG, INC"
filed_at: "2024-10-21T23:59:59+00:00"
generated_at: "2026-05-30T12:17:25.474149+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Chegg adopts new severance plan for CEO and CFO with enhanced benefits through Oct 2026

## Summary
- CEO Nathan Schultz and CFO David Longo covered under new Chegg Severance Plan, effective Oct 17, 2024.
- In a Change-in-Control termination before Oct 17, 2026: CEO gets 150% salary + 150% bonus, 18 mo COBRA, full equity vest.
- CFO under same scenario: 125% salary + 125% bonus, 15 mo COBRA, full equity vest.
- Non-CIC termination before Oct 17, 2026: CEO and CFO each get 125% salary + 125% bonus, 15 mo COBRA, 12 mo equity vest.
- Benefits reduce after Oct 17, 2026; plan supersedes prior Change-in-Control Severance Plan.

## SEC filing metadata
- accession: 0001364954-24-000080
- form_type: 8-K
- ticker: CHGG
- cik: 0001364954
- company_name: CHEGG, INC
- filed_at: 2024-10-21T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1364954/000136495424000080/0001364954-24-000080-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1364954/000136495424000080/chgg-20241017.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001364954-24-000080
- JSON: https://secwatch.observer/filing/0001364954-24-000080.json
- Plain text: https://secwatch.observer/filing/0001364954-24-000080.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.