Chegg regains NYSE compliance, halts reverse stock split plan

Chegg, Inc. (NYSE: CHGG) held its 2026 Annual Meeting of Stockholders on June 12, 2026, where stockholders approved all proposals outlined in the company's definitive proxy dated April 28, 2026.

Approved items included the election of directors, an advisory vote on executive compensation, ratification of the independent registered public accounting firm, and authorization for the board to amend Chegg's Restated Certificate of Incorporation to effect a reverse stock split if deemed necessary.

On June 1, 2026, Chegg received formal notification from the New York Stock Exchange confirming it had regained compliance with the exchange's continued listing standard related to minimum share price. Following that notification, Chegg's board of directors determined it would not proceed with a reverse stock split at this time. The board stated it retains the flexibility to effect a reverse stock split in the future should circumstances warrant.

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