UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report: February 24, 2020
(Date of earliest event reported)
Chegg, Inc.
(Exact Name of Registrant as Specified in Its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
|
| | |
| 001-36180 | | 20-3237489 |
| (Commission File Number) | | (IRS Employer Identification No.) |
|
| | | |
| 3990 Freedom Circle | | |
| Santa Clara, | California | | 95054 |
| (Address of Principal Executive Offices) | | (Zip Code) |
(408) 855-5700
(Registrant’s Telephone Number, Including Area Code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
|
| | |
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Common stock, $0.001 par value per share | CHGG | The New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
(e)
On February 24, 2020, the Compensation Committee of the Board of Directors of Chegg, Inc. (“Chegg”) approved annual base salaries for Chegg's “named executive officers” (as defined in Item 402(a)(3) of Regulation S-K), which are effective as of March 1, 2020, as set forth in the table below:
|
| | | | | | | |
| Named Executive Officer | Title | 2019 Annual Base Salary | 2020 Annual Base Salary |
| Dan Rosensweig | Chief Executive Officer | $ | 1,000,000 |
| $ | 1,000,000 |
|
| Andrew Brown | Chief Financial Officer | $ | 600,000 |
| $ | 625,000 |
|
| Nathan Schultz | President, Learning Services | $ | 600,000 |
| $ | 625,000 |
|
| Michael Osier | Chief Information Officer and Chief Outcomes Officer | $ | 500,000 |
| $ | 525,000 |
|
| John Fillmore | Chief Business Officer | $ | 500,000 |
| $ | 525,000 |
|
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.
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| |
| | |
| | CHEGG, INC. |
| | |
| | By: /s/ Andrew Brown |
| | Andrew Brown |
| | Chief Financial Officer |
Date: February 27, 2020
