Chegg Announces Annual Stockholder Meeting Results and Regains NYSE Compliance

Key Terms

reverse stock split financial

A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.

restated certificate of incorporation regulatory

A restated certificate of incorporation is an updated, single-document version of a company’s founding rules that folds together the original charter and all later changes into one clear set of terms — like replacing a patchwork manual with a clean, revised edition. Investors care because it clarifies ownership details, voting rights, share classes and other legal rules that affect control, dividends and how value is created or diluted, so it can change the risks and benefits of owning the stock.

independent registered public accounting firm regulatory

An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.

nyse financial

A large, regulated marketplace where stocks and other securities are listed and traded, acting like a global auction house that matches buyers and sellers and helps determine share prices. It matters to investors because listing and trading there provide liquidity, price discovery, and regulatory oversight—making it easier to buy or sell holdings and giving companies a visible platform that can affect credibility and access to capital.

View in glossary

artificial intelligence (ai) technical

Artificial intelligence (AI) is the development of computer systems that can perform tasks typically requiring human intelligence, such as understanding language, recognizing patterns, and making decisions. For investors, AI can enhance how businesses analyze data, automate processes, and innovate, potentially leading to increased efficiency and new opportunities in the market.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

SAN FRANCISCO--(BUSINESS WIRE)--

Chegg, Inc. (NYSE:CHGG), a global learning and workforce skilling company, today announced the results of its 2026 Annual Meeting of Stockholders held on June 12, 2026. At the meeting, stockholders approved all proposals included in Chegg's definitive proxy dated April 28, 2026 (the "Proxy") and presented at the Annual Meeting, including the election of directors, the advisory vote to approve executive compensation, the ratification of Chegg’s independent registered public accounting firm, and the approval of a proposal authorizing the amendment of Chegg’s Restated Certificate of Incorporation to effect a reverse stock split, subject to and as determined by the Board of Directors (“Board”) as more fully described in the Proxy.

On June 1, 2026, Chegg received formal notification from the New York Stock Exchange (“NYSE”) confirming that it had regained compliance with the NYSE’s continued listing standard related to minimum share price. In light of the restored compliance status, the Board has determined not to proceed with a reverse stock split at this time. The Board believes that maintaining Chegg’s current capital structure is appropriate given Chegg’s return to compliance with the NYSE's minimum share price requirement status. The Board retains the flexibility to effect a reverse stock split in the future should circumstances warrant.

About Chegg

Chegg is a learning platform helping businesses bring new skills to their workforce and giving lifelong learners and students the skills and confidence to succeed. Focused on the skilling market, which is $40 billion and growing, Chegg offers innovative tools for workplace readiness, professional upskilling, and language learning. Chegg also continues to offer students artificial intelligence (AI)-driven, personalized support. Chegg remains committed to its mission of improving learning outcomes and career opportunities for millions around the world. Chegg is a publicly held company and trades on the NYSE under the symbol CHGG. For more information, visit www.chegg.com.

Forward-Looking Statements

This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, which include, without limitation, statements regarding the flexibility to enter into a reverse stock split in the future. These statements are based on management’s expectations as of the date of this press release and assumptions that are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Important factors that could impact these forward-looking statements are described more fully in documents filed with the Securities and Exchange Commission, including Chegg's most recent annual report on Form 10-K, subsequent quarterly reports on Form 10-Q and other filings with the Securities and Exchange Commission.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260617779493/en/

Media Contact: press@chegg.com
Investor Contact: Tracey Ford, IR@chegg.com

Source: Chegg