Chegg shareholders approve reverse stock split authorization (1:4–1:15 ratio)

CHEGG, INC

Shareholders approved amendment to authorize reverse stock split at ratio between 1:4 and 1:15; board has sole discretion to implement.
Elected Class I directors Dan Rosensweig and Ted Schlein, and Class III director Renee Budig to board.
Non-binding say-on-pay proposal passed with ~75% of votes cast in favor.
Ratified Grant Thornton as independent auditor for FY2026.

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 elect two Class I directors to serve until the third annual meeting of stockholders following this Meeting, and one Class III director to serve until the second annual meeting of stockholders following this Meeting, each to hold office until their successor is duly elected and qualified or until at the 2026-06-12 meeting.

Proposal: director election
Outcome: passed
Meeting: 2026-06-12

Exact text from the filing

1. To elect two Class I directors to serve until the third annual meeting of stockholders following this Meeting, and one Class III director to serve until the second annual meeting of stockholders following this Meeting, each to hold office until their successor is duly elected and qualified or until their resignation or removal: Nominee For Against Abstain Broker Non-Votes Dan Rosensweig (Class I) 34,892,584 10,617,103 89,657 39,580,243 Ted Schlein (Class I) 34,137,193 11,364,248 97,902 39,580,244 Renee Budig (Class III) 35,433,388 10,076,087 89,870 39,580,242

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

CHEGG, INC shareholders approved To ratify the appointment of Grant Thornton LLP as the Company's independent registered public accounting firm for the year ending December 31, 2026 at the 2026-06-12 meeting.

Proposal: auditor ratification
Outcome: passed
Meeting: 2026-06-12

Exact text from the filing

3. To ratify the appointment of Grant Thornton LLP as the Company's independent registered public accounting firm for the year ending December 31, 2026: For Against Abstain Broker Non-Votes 80,912,997 4,153,126 113,463 —

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 of our named executive officers for the year ended December 31, 2025 at the 2026-06-12 meeting.

Proposal: say on pay
Outcome: passed
Meeting: 2026-06-12

Exact text from the filing

2. To approve, on a non-binding advisory basis, the compensation of our named executive officers for the year ended December 31, 2025: For Against Abstain Broker Non-Votes 34,129,514 11,226,027 243,803 39,580,243

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

CHEGG, INC shareholders approved To approve an amendment to our Restated Certificate of Incorporation to effect a reverse stock split of our outstanding common stock at a ratio ranging from between 1-for-4 and 1-for-15 (the "Reverse Stock Split"), with the determination of whether to effect the Reverse Stock Split and the ratio to at the 2026-06-12 meeting.

Proposal: reverse split
Outcome: passed
Meeting: 2026-06-12

Exact text from the filing

4. To approve an amendment to our Restated Certificate of Incorporation to effect a reverse stock split of our outstanding common stock at a ratio ranging from between 1-for-4 and 1-for-15 (the "Reverse Stock Split"), with the determination of whether to effect the Reverse Stock Split and the ratio to be used for any Reverse Stock Split to be approved by the Board in its sole discretion: For Against Abstain Broker Non-Votes 77,625,747 7,324,294 229,544 —

View on SEC.gov

1639 shareholder votes filed in the last 30 days. Browse all shareholder votes →

CHEGG, INC filing history →

Source: SEC EDGAR

accession 0001364954-26-000066

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.