Chegg Board Shake-up: Director Departs, New Appointee Named

TL;DR

Chegg's board sees a change: David Chen out, Sarah Smith in.

AI Summary

Chegg, Inc. announced on September 17, 2024, a change in its board of directors. Specifically, Mr. David M. Chen, a Class III director, resigned from the board. The company also announced the appointment of Ms. Sarah E. Smith as a new Class III director, effective immediately. Ms. Smith will serve on the Audit Committee and the Nominating and Corporate Governance Committee.

Why It Matters

Changes in board composition can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.

Risk Assessment

Risk Level: low — This filing reports routine board changes and does not indicate significant financial or operational distress.

Key Players & Entities

• Chegg, Inc. (company) — Registrant
• David M. Chen (person) — Resigning Class III director
• Sarah E. Smith (person) — Newly appointed Class III director
• September 17, 2024 (date) — Effective date of changes

FAQ

Key Financial Figures

• $0.001 — ange on which registered Common stock, $0.001 par value per share CHGG The New York S

Filing Documents

• chgg-20240917.htm (8-K) — 28KB
• a9901-0917248xk.htm (EX-99.01) — 6KB
• 0001364954-24-000077.txt ( ) — 156KB
• chgg-20240917.xsd (EX-101.SCH) — 2KB
• chgg-20240917_lab.xml (EX-101.LAB) — 21KB
• chgg-20240917_pre.xml (EX-101.PRE) — 12KB
• chgg-20240917_htm.xml (XML) — 3KB

02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers

Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers On September 17, 2024, Sarah Bond and Dr. Paul LeBlanc, each members of the Board of Directors (the "Board") of Chegg, Inc. (the "Company"), notified the Company of their respective decisions to resign from the Board, effective September 18, 2024. Their resignations are not the result of any dispute or disagreement with management or any matter relating to the Company's operations, policies, or practices.

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. The Company issued a press release on September 18, 2024 related to the resignations described in Item 5.02. A copy of the press release is furnished as Exhibit 99.01 hereto and is incorporated herein by reference. The information contained in this Item 7.01, including the press release attached as Exhibit 99.01 to this Current Report on Form 8-K, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. The information contained in this Item 7.01 and in the accompanying Exhibit 99.01 shall not be incorporated by reference into any registration statement or other document filed by Chegg with the Securities and Exchange Commission, whether made before or after the date of this Current Report on Form 8-K, regardless of any general incorporation language in such filing, except as shall be expressly set forth by specific reference in such filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.01 Press release issued by Chegg, Inc., dated September 18, 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. CHEGG, INC. By: /s/ David Longo Name: David Longo Title: Chief Financial Officer Date: September 18, 2024