Chegg, Inc. (NYSE:CHGG) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07. Submissions of Matters to a Vote of Security Holders.
On June 7, 2018, Chegg, Inc. (the "Registrant") held its 2018 Annual Meeting of Stockholders (the "Meeting"). At the Meeting, the stockholders voted on the following four proposals and cast their votes as follows:
|
1. |
To elect two Class II directors, each to serve until the third annual meeting of stockholders following the Meeting and until his or her successor has been elected and qualified or until his or her earlier resignation or removal: |
|
Nominee |
For |
Withheld |
Broker Non-Votes |
|
Marne Levine |
79,480,986 |
6,115,683 |
14,478,649 |
|
Richard Sarnoff |
82,094,389 |
3,502,280 |
14,478,649 |
|
2. |
To approve, on a non-binding advisory basis, the compensation paid by the Registrant to the named executive officers for the year ended December 31, 2017: |
|
For |
Against |
Abstain |
Broker Non-Votes |
|
59,621,419 |
24,654,752 |
1,320,498 |
14,478,649 |
|
3. |
To approve, on a non-binding advisory basis, the frequency of future advisory votes on named executive officer compensation. The proposal for “1Year” was approved as set forth below: |
|
1 Year |
2 Years |
3 Years |
Abstain |
|
84,298,850 |
271,671 |
1,022,299 |
3,780 |
|
4. |
To ratify the appointment of Deloitte & Touche LLP as the Registrant's independent registered public accounting firm for the year ending December 31, 2018: |
|
For |
Against |
Abstain |
Broker Non-Votes |
|
99,217,227 |
469,012 |
389,079 |
Each of the directors named under Proposal No. 1 was elected. In addition, based on the recommendation of the Registrant's Board of Directors in the definitive proxy statement for the Meeting and the voting results with respect to Proposal No. 3, the Board of Directors determined at its meeting held on June 7, 2018 that future non-binding advisory votes on executive compensation will be submitted for consideration by the Registrant's stockholders every year until the next stockholder vote on the frequency of stockholder votes on the compensation of executives is required by section 14A(a)(2) of the Securities Exchange Act of 1934, as amended.
About Chegg, Inc. (NYSE:CHGG)
Chegg, Inc. is a student-first connected learning platform. The Company helps students study for college admission exams, find the colleges, get grades and test scores while in school, and find internships that allow them to gain skills to help them enter the workforce after college. It matches domestic and international students with colleges, universities and other academic institutions (collectively referred to as colleges) in the United States. Once in college, it provides a range of products and services to help students. The Company offers a print textbook library for rent and sale both on its own and through its strategic partnership with Ingram. It also offers eTextbooks for rent and sale. It also provides live tutors to students online, through its Chegg Tutors service. It provides access to internships to help students gain skills that are critical to securing their first job. The Company also provides online writing tools, such as EasyBib, CitationMachine or BibMe.
