Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
(b)
As previously described in the Current Report on Form 8-K filed with the
Securities and Exchange Commission on April 17, 2019, on January 9, 2020, Jenny
Brandemuehl, the Chief People Officer of Chegg, Inc. (the "Company"), notified
the Company that she will retire from the Company on January 15, 2020. On
January 13, 2020, the Company entered into a Consultancy Services Agreement to
be effective as of January 15, 2020, where Ms. Brandemeuhl shall serve as a
consultant providing advisory and transition services to the Company's senior
executive team until March 1, 2020. As compensation for these services, (a) the
Company shall pay Mr. Brandemuehl's COBRA premiums until March 1, 2020 and (b)
Ms. Brandemuehl's current unvested equity holdings shall continue to vest in
accordance with their existing terms and conditions for so long as she provides
services to the Company.
(e)
The information set forth in Item 5.02(b) of this Current Report on Form 8-K is
incorporated by reference into this Item 5.02(e).
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
99.01 Consultancy Service Agreement, dated January 13, 2019
Cover Page Interactive Data File (embedded within the Inline
104 XBRL document)
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