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Table of Contents
35
whether a claim may proceed to litigation cannot be predicted with certainty, nor can the results of litigation be predicted with
certainty. Nevertheless, defending any of these actions, regardless of the outcome, may be costly, time consuming, distract
management personnel, and have a negative effect on our business. An adverse outcome in any of these actions, including a
judgment or settlement, may cause a material adverse effect on our future business, operating results, and/or financial
condition.
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable.
PART II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND
ISSUER PURCHASES OF EQUITY SECURITIES
Market Information
Our common stock has been listed on the New York Stock Exchange under the symbol “CHGG” since November 13,
2013, the date of our IPO.
The following table sets forth for the indicated periods the high and low closing sales prices of our common stock as
reported by the New York Stock Exchange.
High Low
Year ended December 31, 2014
Fourth quarter. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 7.01 $ 5.76
Third quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 7.36 $ 5.82
Second quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 7.81 $ 5.21
First quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 8.31 $ 6.17
Year ended December 31, 2013
Fourth quarter (from November 13, 2013) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 9.68 $ 7.49
Stockholders of Record
As of February 27, 2015, there were 111 stockholders of record of our common stock, and the closing price of our
common stock was $8.12 per share as reported on the New York Stock Exchange. Because many of our shares of common
stock are held by brokers and other institutions on behalf of stockholders, we are unable to estimate the total number of
stockholders represented by these record holders.
Dividend Policy
We have never declared or paid any cash dividend on our common stock. We intend to retain any future earnings and
do not expect to pay dividends in the foreseeable future. In addition, our credit facility contains restrictions on our ability to pay
dividends.
Stock Performance Graph
This performance graph shall not be deemed “soliciting material” or to be “filed” with the SEC for purposes of
Section 18 of the Exchange Act, or otherwise subject to the liabilities under that Section, and shall not be deemed to be
incorporated by reference into any filing of Chegg under the Securities Act or the Exchange Act.
The following graph shows a comparison from November 13, 2013 (the date our common stock commenced trading
on the New York Stock Exchange) through December 31, 2014 of the cumulative total return for our common stock, the
Standard & Poor’s 500 Stock Index (S&P 500 Index) and the Russell 2000 Index. The graph assumes that $100 was invested at
the market close on November 13, 2013 in the common stock of Chegg, Inc., the S&P 500 Index and the Russell 2000 Index