NELNET INC shareholders approved Advisory vote on executive compensation at the 2026-05-14 meeting.
“Proposal 4: Advisory vote on executive compensation. Our shareholders approved, by an advisory vote, the compensation of our named executive officers as disclosed in the proxy statement for the annual meeting. For Against Abstain Broker Non-Votes 123,485,112 184,566 32,879 1,665,285”
Shareholder Votes
NELNET INC shareholders approved Approval of amendments to the Directors Stock Compensation Plan to allow directors of Nelnet Bank Inc. to participate at the 2026-05-14 meeting.
“Proposal 3: Approval of amendments to the Directors Stock Compensation Plan. Our shareholders approved amendments to the Directors Stock Compensation Plan to allow directors of Nelnet Bank Inc. and it successors to participate in the plan. For Against Abstain Broker Non-Votes 123,605,335 67,904 29,318 1,665,285”
Shareholder Votes
NELNET INC shareholders approved Ratification of the appointment of KPMG LLP as independent registered public accounting firm at the 2026-05-14 meeting.
“Proposal 2: Ratification of the appointment of KPMG LLP. Our shareholders ratified the appointment of KPMG LLP as our independent registered public accounting firm for the year ending December 31, 2026. For Against Abstain Broker Non-Votes 125,269,425 79,209 19,208 —”
Shareholder Votes
NELNET INC shareholders approved Election of three Class III directors at the 2026-05-14 meeting.
“Proposal 1: Election of Directors. Our shareholders elected the following three Class III directors to hold office until the 2029 annual meeting of shareholders and until their successors have been duly elected or appointed. For Against Abstain Broker Non-Votes Kathleen A. Farrell 119,552,837 4,143,228 6,492 1,665,285 David S. Graff 123,079,587 615,710 7,260 1,665,285 Thomas E. Henning 123,276,581 418,684 7,292 1,665,285”
Earnings Releases
NELNET INC reported the quarter ended March 31, 2026 results: net income GAAP net income of $71.1 million, or $1.97 per share, EPS $1.97 per share.
“by securities laws. --- EX-99.1 (EX-99.1) --- Nelnet Reports First Quarter 2026 Results LINCOLN, Neb., May 7, 2026 - Nelnet (NYSE: NNI) today reported GAAP net income of $71.1 million, or $1.97 per share, for the first quarter of 2026, compared with GAAP net income of $82.6 million, or $2.26 per share, for the same period a year ago. Net income, excluding”
Debt Financings
NELNET INC incurred credit facility of $435 million with U.S. Bank National Association maturing March 31, 2031.
“On March 31, 2026, Nelnet, Inc. (the “Company”) entered into a Credit Agreement (the “Credit Agreement”) for a $435 million unsecured line of credit with U.S. Bank National Association, as Administrative Agent”
Material Agreements
NELNET INC terminated Third Amended and Restated Credit Agreement with U.S. Bank National Association, Wells Fargo Bank, National Association, Royal Bank of Canada, U.S. Bank National Association and Wells Fargo Securities, LLC valued at $495 million (effective 2026-03-31).
“the Company terminated the Third Amended and Restated Credit Agreement dated as of September 22, 2021 (as amended, the "2021 Credit Agreement") among the Company, U.S. Bank National Association, as Administrative Agent, Wells Fargo Bank, National Association, as Syndication Agent, Royal Bank of Canada, as Documentation Agent, U.S. Bank National Association and Wells Fargo Securities, LLC, as Joint Lead Arrangers and Joint Book Runners, and various lender parties thereto.”
Material Agreements
NELNET INC entered into Credit Agreement with U.S. Bank National Association, Wells Fargo Bank, National Association, Royal Bank of Canada, Wells Fargo Securities, LLC, First National Bank of Omaha, Regions Bank valued at $435 million (effective 2026-03-31).
“On March 31, 2026, Nelnet, Inc. (the “Company”) entered into a Credit Agreement (the “Credit Agreement”) for a $435 million unsecured line of credit with U.S. Bank National Association, as Administrative Agent (the “Administrative Agent”), Joint Lead Arranger, Joint Book Runner, and an individual lender, Wells Fargo Bank, National Association, as Syndication Agent (the “Syndication Agent”) and an individual lender, Royal Bank of Canada, as Documentation Agent and an individual lender, Wells Fargo Securities, LLC, as Joint Lead Arranger and Joint Book Runner, and First National Bank of Omaha and Regions Bank, as additional individual lenders.”
Earnings Releases
NELNET INC reported the first quarter of 2024 results: net income $73.2 million, EPS $1.97 per share.
“Nelnet (NYSE: NNI) today reported GAAP net income of $73.2 million, or $1.97 per share, for the first quarter of 2024”
Earnings Releases
NELNET INC reported the year ended December 31, 2023 results: net income GAAP net income of $91.5 million, EPS $2.45 per share.
“GAAP net income for the year ended December 31, 2023 was $91.5 million, or $2.45 per share”
Earnings Releases
NELNET INC reported the fourth quarter of 2023 results: net income GAAP net loss of $8.6 million, EPS $0.23 per share.
“Nelnet (NYSE: NNI) today reported a GAAP net loss of $8.6 million, or $0.23 per share, for the fourth quarter of 2023”
Earnings Releases
NELNET INC reported the third quarter of 2023 results: net income GAAP net income of $45.3 million, or $1.21 per share, EPS $1.21 per share.
“On November 7, 2023, Nelnet, Inc. (the “Company”) issued a press release with respect to its financial results for the quarter ended September 30, 2023.”
Earnings Releases
NELNET INC reported the quarter ended June 30, 2023 results: net income $28.3 million, or $0.75 per share.
“Nelnet Reports Second Quarter 2023 Results LINCOLN, Neb., August 7, 2023 - Nelnet (NYSE: NNI) today reported GAAP net income of $28.3 million, or $0.75 per share, for the second quarter of 2023”
Shareholder Votes
NELNET INC shareholders approved Advisory vote on the frequency of future advisory votes on executive compensation.
“A majority of the shares were voted for holding such advisory votes on an annual basis.”
Shareholder Votes
NELNET INC shareholders approved Approval of amended and restated Executive Officers Incentive Compensation Plan at the 2023-05-18 meeting.
“Proposal 6: Approval of an amended and restated Executive Officers Incentive Compensation Plan. Our shareholders approved amendments to and a restatement of the Executive Officers Incentive Compensation Plan to extend the expiration date from January 1, 2024 to May 18, 2033.”
Shareholder Votes
NELNET INC shareholders approved Approval of amended and restated Directors Stock Compensation Plan at the 2023-05-18 meeting.
“Proposal 5: Approval of an amended and restated Directors Stock Compensation Plan. Our shareholders approved amendments to and a restatement of the Directors Stock Compensation Plan”
Shareholder Votes
NELNET INC shareholders approved Advisory vote on frequency of future advisory votes on executive compensation at the 2023-05-18 meeting.
“Proposal 4: Advisory vote on the frequency of future advisory votes on executive compensation. Our shareholders approved, by an advisory vote, an annual advisory vote on the compensation of our named executive officers (as opposed to an advisory vote every two years or every three years).”
Shareholder Votes
NELNET INC shareholders approved Advisory vote on executive compensation at the 2023-05-18 meeting.
“Proposal 3: Advisory vote on executive compensation. Our shareholders approved, by an advisory vote, the compensation of our named executive officers as disclosed in the proxy statement for the annual meeting.”
Shareholder Votes
NELNET INC shareholders approved Ratification of the appointment of KPMG LLP as independent registered public accounting firm for 2023 at the 2023-05-18 meeting.
“Proposal 2: Ratification of the appointment of KPMG LLP. Our shareholders ratified the appointment of KPMG LLP as our independent registered public accounting firm for the year ending December 31, 2023.”
Shareholder Votes
NELNET INC shareholders approved Election of three Class III directors at the 2023-05-18 meeting.
“Proposal 1: Election of Directors. Our shareholders elected the following three Class III directors to hold office until the 2026 annual meeting of shareholders and until their successors have been duly elected or appointed.”
Earnings Releases
NELNET INC reported the first quarter of 2023 results: net income $26.5 million, EPS $0.71 per share.
“Nelnet (NYSE: NNI) today reported GAAP net income of $26.5 million, or $0.71 per share, for the first quarter of 2023”
Material Agreements
NELNET INC entered into New Government Servicing Contract with United States Department of Education (effective 2023-04-24).
“On April 24, 2023, Nelnet Diversified Solutions, LLC (NDS), a subsidiary of Nelnet, Inc. (the “Company”), received a Solicitation, Offer, and Award Contract from the United States Department of Education (the “Department”), pursuant to which NDS was selected to provide continued servicing capabilities for the Department's Office of Federal Student Aid's student aid recipients under a new Unified Servicing and Data Solution (USDS) contract (the "New Government Servicing Contract") which will replace the existing legacy Department student loan servicing contracts for Direct Loans and federally managed Federal Family Education Loan (FFEL) Program loans that are currently scheduled to expire December 14, 2023.”
Material Agreements
NELNET INC amended Modifications with United States Department of Education valued at $0.19 per borrower (effective 2023-04-01).
“each of Nelnet Servicing, LLC (“Nelnet Servicing”) and Great Lakes Educational Loan Services, Inc. (“Great Lakes”), both subsidiaries of Nelnet, Inc. (the “Company”), received Modifications of Contract with an effective date of April 1, 2023 (collectively the “Modifications”) with the United States Department of Education (the “Department”), pursuant to which the student loan servicing contracts between the Department and each of Nelnet Servicing and Great Lakes (the “Servicing Contracts”) were amended to reduce the current prices earned by Nelnet Servicing and Great Lakes under the Servicing Contracts.”
Earnings Releases
NELNET INC reported the fourth quarter of 2022 results: net income $30.8 million, EPS $0.83 per share.
“Nelnet (NYSE: NNI) today reported GAAP net income of $30.8 million, or $0.83 per share, for the fourth quarter of 2022, compared with GAAP net income of $132.7 million, or $3.46 per share, for the same period a year ago.”
Matthew Dunlap was appointed as Director at NELNET INC.
“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”
Earnings Releases
NELNET INC reported the quarter ended September 30, 2022 results: net income $104.8 million, EPS $2.80 per share.
“On November 7, 2022, Nelnet, Inc. (the “Company”) issued a press release with respect to its financial results for the quarter ended September 30, 2022.”
James P. Abel retired as Director at NELNET INC.
“James P. Abel notified the Company of his retirement from the Board effective March 17, 2022”
Matthew W. Dunlap was appointed as Director at NELNET INC.
“Matthew W. Dunlap (“Matthew Dunlap”) as a Class III member of the Board”
Jona M. Van Deun was appointed as Director at NELNET INC.
“Jona M. Van Deun, as a Class I member of the Board”
Adam K. Peterson was appointed as Director at NELNET INC.
“appointed Adam K. Peterson as a Class II member of the Board”
James P. Abel retired as Director at NELNET INC.
“On February 25, 2022, James P. Abel notified the Company of his retirement from the Company's Board of Directors (the "Board") effective as of March 17, 2022, after more than 18 years of service.”
JoAnn M. Martin resigned as Director at NELNET INC.
“On September 10, 2021, JoAnn M. Martin notified Nelnet, Inc. (the “Company”) of her resignation from the Company's Board of Directors (the “Board”) effective as of September 10, 2021.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.