---
schema_version: "secwatch.filing_event.v1"
accession: "0001258602-23-000004"
form_type: "8-K"
ticker: "NNI"
cik: "0001258602"
company_name: "NELNET INC"
filed_at: "2023-02-02T23:59:59+00:00"
generated_at: "2026-06-20T01:55:14.913190+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.1
calibrated_materiality_score: 0.1
confidence: "high"
source: SEC EDGAR
---

# Nelnet rebalances board classes following director Cintani's death

## Summary
- Matthew Dunlap resigned as Class III director, immediately appointed Class II director to fill vacancy from William Cintani's passing.
- Board size reduced from 10 to 9 members; Class III directors decreased from 4 to 3.
- Rebalancing effective February 1, 2023; service deemed uninterrupted for compensation purposes.

## SEC filing metadata
- accession: 0001258602-23-000004
- form_type: 8-K
- ticker: NNI
- cik: 0001258602
- company_name: NELNET INC
- filed_at: 2023-02-02T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.1
- calibrated_materiality_score: 0.1
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1258602/000125860223000004/0001258602-23-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1258602/000125860223000004/nni-20230201.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001258602-23-000004
- JSON: https://secwatch.observer/filing/0001258602-23-000004.json
- Plain text: https://secwatch.observer/filing/0001258602-23-000004.txt

## Key facts
- Executive change
  Matthew Dunlap was appointed as Director at NELNET INC.
  - Action: resigned and reappointed
  - Role: Director
  source text: Matthew Dunlap tendered his resignation from service as a Class III director, whereupon the Board, upon the recommendation of the Nominating and Corporate Governance Committee, immediately appointed Mr. Dunlap as a Class II director
  evidence_url: https://www.sec.gov/Archives/edgar/data/1258602/000125860223000004/0001258602-23-000004-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.