Chegg, Inc. Files 8-K Report

Ticker: CHGG · Form: 8-K · Filed: Nov 25, 2024

Sentiment: neutral

Topics: 8-K, other-events

Related Tickers: CHGG

TL;DR

Chegg filed an 8-K on 11/22/24 for 'Other Events' - details TBD.

AI Summary

On November 22, 2024, Chegg, Inc. filed an 8-K report to disclose other events. The filing does not contain specific details about the nature of these events, dollar amounts, or definitive dates beyond the report date.

Why It Matters

This 8-K filing indicates that Chegg, Inc. has reported an event requiring immediate disclosure to the public, though the specifics are not detailed in the provided text.

Risk Assessment

Risk Level: low — The filing is a standard 8-K for 'Other Events' without immediate negative financial implications disclosed.

Key Players & Entities

Chegg, Inc. (company) — Registrant
November 22, 2024 (date) — Date of report
Delaware (jurisdiction) — State of incorporation
3990 Freedom Circle (address) — Principal executive offices
Santa Clara, California (location) — Principal executive offices
95054 (zip_code) — Principal executive offices
408-855-5700 (phone_number) — Registrant's telephone number

FAQ

What is the specific nature of the 'Other Events' reported by Chegg, Inc. on November 22, 2024?

The provided text of the 8-K filing does not specify the nature of the 'Other Events'.

What is Chegg, Inc.'s principal executive office address?

Chegg, Inc.'s principal executive offices are located at 3990 Freedom Circle, Santa Clara, California 95054.

When was the 8-K report filed by Chegg, Inc.?

The 8-K report was filed on November 25, 2024, with the earliest event reported being November 22, 2024.

In which state is Chegg, Inc. incorporated?

Chegg, Inc. is incorporated in Delaware.

What is Chegg, Inc.'s telephone number?

Chegg, Inc.'s telephone number is (408) 855-5700.

Filing Stats: 692 words · 3 min read · ~2 pages · Grade level 13.9 · Accepted 2024-11-25 06:42:38

Key Financial Figures

$0.001 — ange on which registered Common stock, $0.001 par value per share CHGG The New York S
$116.6 million — 026 Notes") to repurchase approximately $116.6 million in aggregate principal amount of the 20
$96.2 million — cash repurchase price of approximately $96.2 million (the "notes repurchase transactions").
$127.9 million — s. Following the closing, approximately $127.9 million aggregate principal amount of the 2026
$207.5 million — 2026 Notes will remain outstanding and $207.5 million will remain available under our securit

Filing Documents

chgg-20241122.htm (8-K) — 25KB
0001364954-24-000087.txt ( ) — 145KB
chgg-20241122.xsd (EX-101.SCH) — 2KB
chgg-20241122_lab.xml (EX-101.LAB) — 21KB
chgg-20241122_pre.xml (EX-101.PRE) — 12KB
chgg-20241122_htm.xml (XML) — 3KB

01 Other Events

Item 8.01 Other Events On November 22, 2024, Chegg, Inc. (the "Company") entered into individual, privately negotiated repurchase agreements with certain holders of its outstanding 0% Convertible Senior Notes due 2026 (the "2026 Notes") to repurchase approximately $116.6 million in aggregate principal amount of the 2026 Notes for an aggregate cash repurchase price of approximately $96.2 million (the "notes repurchase transactions"). The notes repurchase transactions were entered into in connection with our previously announced securities repurchase program and are expected to close on December 3, 2024, subject to the satisfaction of customary closing conditions. Following the closing, approximately $127.9 million aggregate principal amount of the 2026 Notes will remain outstanding and $207.5 million will remain available under our securities repurchase program.

Forward-Looking Statements

Forward-Looking Statements This Current Report on Form 8-K contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this Current Report, including statements regarding the amount of the 2026 Notes to be repurchased, the amount of the 2026 Notes to remain outstanding following completion of the notes repurchase transactions, the ability to complete the note repurchase transactions on the timeline described herein or at all, and the final aggregate cash repurchase prices for the notes repurchase transactions are forward-looking statements. The words "will," "plans," "expects" and similar expressions are intended to identify these forward-looking statements. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including changes in the price of our common stock and changes in the convertible note or other capital markets. In addition, new risks may emerge from time to time, and it is not possible for the Company to predict all risks, nor can it assess the impact of all factors on its business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements made. In light of these risks, uncertainties and assumptions, the future events discussed in this Current Report on Form 8-K may not occur and actual future results may be materially different from those anticipated or implied in the forward-looking statements.

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: November 25, 2024