AGM/EGMApr 28, 2026, 04:18 PM
CHGG Proposes 1-for-4 to 1-for-15 Reverse Stock Split at AGM
AI Summary
Chegg, Inc. announced its 2026 Annual Meeting of Stockholders will be held virtually on June 12, 2026. Key proposals include the election of three directors, an advisory vote on 2025 executive compensation, and the ratification of Grant Thornton LLP as the independent auditor. Most notably, stockholders will vote on an amendment to the Restated Certificate of Incorporation to effect a reverse stock split at a ratio ranging from 1-for-4 to 1-for-15.
Key Highlights
- Annual Meeting to be held virtually on June 12, 2026, at 9:00 a.m. Pacific Time.
- Stockholders to vote on a reverse stock split with a 1-for-4 to 1-for-15 ratio.
- Proposal to elect two Class I directors and one Class III director.
- Advisory vote on named executive officer compensation for 2025.
- Ratification of Grant Thornton LLP as independent auditor for 2026.
- Record date for voting is April 14, 2026.