Chegg (NYSE: CHGG) reshapes board, moves Renee Budig to Class III. Filing Impact (Moderate) Filing Sentiment Rhea-AI Filing summary. Chegg, Inc. adjusted the structure of its Board of Directors to rebalance the three director classes. On March 25, 2026, the Board moved director Renee Budig from Class I, which had a term expiring at the 2026 Annual Meeting of Stockholders, to Class III with a term expiring at the 2028 Annual Meeting of Stockholders. To accomplish this, Ms. Budig resigned and was immediately re-elected as a Class III director, with her service deemed uninterrupted. After this rebalance, the Board consists of two Class I directors, one Class II director, and two Class III directors. Ms. Budig will stand for election as a Class III director at the 2026 Annual Meeting to serve a term ending at the 2028 Annual Meeting. 8-K event classification. Item 5.02 - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Key figures. Board composition after rebalance: 2 Class I, 1 Class II, 2 Class III directors Previous term endpoint for Budig: 2026 Annual Meeting of Stockholders New term endpoint for Budig: 2028 Annual Meeting of Stockholders Key terms. Class I, Class III, Annual Meeting of Stockholders, Board of Directors 03/31/2026 - 04:02 PM

Consumer subscription stocks delivered satisfactory Q4 results, with the seven companies tracked beating revenue estimates by 1.8% on average. Share prices have risen 3.4% on average since earnings announcements. Chegg reported revenues of $72.66 million, down 49.4% year-on-year but exceeding expectations by 2.3%. The education platform delivered the slowest revenue growth in the group, with shares falling 14.1% since reporting to $0.64. Roku posted the strongest performance, with revenues of $1.39 billion, up 16.1% year-on-year and beating estimates by 3%. The streaming platform achieved the biggest analyst beat among peers, with shares rising 18.5% since reporting to $98.28. The results reflect continued strength in subscription-based consumer services despite varying performance across individual companies.

Chegg has appointed Karine Allouche as General Manager of Language Learning, Worldwide, and Skills Integration, Europe, effective 9 February 2026. She will lead Busuu, Chegg's language learning business, whilst overseeing the company's European commercial operations and integrating language and skills offerings. Allouche joins from Coursera, where she served as Vice President and General Manager of Enterprise, leading the turnaround of the company's $239 million enterprise business. Previously, she was Vice President of Cloud and Data Services at NetApp and CEO of GlobalEnglish, where she led a management buyout and subsequent strategic sale. In her new role, Allouche will focus on accelerating growth and strengthening collaboration across Chegg's global operations as the company expands in the language learning and skilling market.