Nelnet Inc. Files Definitive Proxy Statement (DEF 14A)

TL;DR

<b>Nelnet Inc. has filed its Definitive Proxy Statement (DEF 14A) detailing executive compensation and corporate governance matters.</b>

AI Summary

NELNET INC (NNI) filed a Proxy Statement (DEF 14A) with the SEC on April 4, 2024. Nelnet Inc. filed a Definitive Proxy Statement (DEF 14A) on April 4, 2024. The filing covers the period ending May 16, 2024. The company's fiscal year ends on December 31. Nelnet Inc. is classified under Personal Credit Institutions (SIC 6141). The filing includes data on equity awards issued to both PEO and Non-PEO members for the years 2020-2023.

Why It Matters

For investors and stakeholders tracking NELNET INC, this filing contains several important signals. This DEF 14A filing provides shareholders with crucial information regarding executive compensation, director nominations, and other matters to be voted on at the upcoming annual meeting. Understanding the details of equity awards and compensation structures is vital for investors to assess management's alignment with shareholder interests and the company's long-term strategy.

Risk Assessment

Risk Level: low — NELNET INC shows low risk based on this filing. The filing is a routine DEF 14A, which is standard for public companies and does not indicate any unusual financial or operational events.

Analyst Insight

Review the executive compensation details and any shareholder proposals within the DEF 14A to understand potential impacts on corporate strategy and shareholder value.

Key Numbers

• 2023-01-01 — Fiscal Year Start (2023 Equity Awards)
• 2023-12-31 — Fiscal Year End (2023 Equity Awards)
• 2020-01-01 — Fiscal Year Start (2020 Equity Awards)
• 2020-12-31 — Fiscal Year End (2020 Equity Awards)

Key Players & Entities

• Nelnet Inc. (company) — Filer
• 2024-04-04 (date) — Filing Date
• 2024-05-16 (date) — Period of Report
• 6141 (industry_code) — Standard Industrial Classification
• NE (location) — State of Incorporation
• 121 SOUTH 13TH ST STE 201 (address) — Business Address
• Lincoln (location) — Business Address City
• 68508 (zip_code) — Business Address Zip

FAQ

Industry Context

Nelnet Inc. operates in the Personal Credit Institutions sector, focusing on financial services related to education and consumer credit.

Regulatory Implications

As a public company, Nelnet Inc. is subject to SEC regulations, including the requirement to file Definitive Proxy Statements (DEF 14A) for shareholder communication and voting.

What Investors Should Do

1. Analyze the detailed breakdown of equity awards issued to PEO and Non-PEO members for 2023.
2. Review any disclosed executive compensation packages and their performance metrics.
3. Examine the list of nominees for the board of directors and their qualifications.

Key Dates

• 2024-04-04: Filing Date — Definitive Proxy Statement (DEF 14A) filed.
• 2024-05-16: Period of Report End Date — Indicates the reporting period covered by the proxy statement.

Year-Over-Year Comparison

This is the initial DEF 14A filing analyzed for the current reporting period, providing a baseline for future comparisons.

Key Financial Figures

• $0.01 — t, Inc. Class A common stock, par value $0.01 per share, or Class B common stock, par

Filing Documents

• nni-20240402.htm (DEF 14A) — 949KB
• nni-20240402_g1.jpg (GRAPHIC) — 4KB
• nni-20240402_g2.jpg (GRAPHIC) — 101KB
• nni-20240402_g3.jpg (GRAPHIC) — 5KB
• nni-20240402_g4.jpg (GRAPHIC) — 80KB
• nni-20240402_g5.jpg (GRAPHIC) — 78KB
• nni-20240402_g6.jpg (GRAPHIC) — 96KB
• nni-20240402_g7.jpg (GRAPHIC) — 482KB
• nni-20240402_g8.jpg (GRAPHIC) — 236KB
• 0001258602-24-000028.txt (&nbsp;) — 3976KB
• nni-20240402.xsd (EX-101.SCH) — 3KB
• nni-20240402_def.xml (EX-101.DEF) — 4KB
• nni-20240402_lab.xml (EX-101.LAB) — 5KB
• nni-20240402_pre.xml (EX-101.PRE) — 3KB
• nni-20240402_htm.xml (XML) — 94KB

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION Compensation Discussion and Analysis 17 People Development and Compensation Committee Report 25 Summary Compensation Table for Fiscal Years 2023, 2022, and 2021 25 Grants of Plan-Based Awards Table for Fiscal Year 2023 26 Outstanding Equity Awards at Fiscal Year-End Table (As of December 31, 2023) 27 Stock Vested Table for Fiscal Year 2023 27 Pay Versus Performance 28 Stock Option, Stock Appreciation Right, Long-Term Incentive, and Defined Benefit Plans 30 Potential Payments Upon Termination or Change-in-Control 30 Pay Ratio Disclosure 31

SECURITY OWNERSHIP OF DIRECTORS, EXECUTIVE OFFICERS, AND PRINCIPAL SHAREHOLDERS

SECURITY OWNERSHIP OF DIRECTORS, EXECUTIVE OFFICERS, AND PRINCIPAL SHAREHOLDERS Stock Ownership 31 Delinquent Section 16(a) Reports 41 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS 42 AUDIT COMMITTEE REPORT 47 PROPOSAL 2 - RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 49 Independent Accountant Fees and Services 49 PROPOSAL 3 - ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION 50 OTHER SHAREHOLDER MATTERS Householding 51 Other Business 51 Shareholder Proposals for 2025 Annual Meeting 51 MISCELLANEOUS 52 Nelnet, Inc. 121 South 13 th Street Suite 100 Lincoln, Nebraska 68508 PROXY STATEMENT General Information This proxy statement is furnished in connection with the solicitation of proxies by the Board of Directors of Nelnet, Inc. (the "Company") for the 2024 Annual Meeting of Shareholders (the "Annual Meeting") to be held on Thursday, May 16, 2024, at 8:30 a.m., Central Time, at the Hudl Building, 600 P Street, Suite 100, Lincoln, Nebraska 68508. The Annual Meeting will be held for the purposes set forth in the notice of such Annual Meeting on the cover page hereof. In addition to in person, we are offering a hybrid virtual meeting format whereby shareholders may attend, participate in, and vote at the Annual Meeting online at http://www.virtualshareholdermeeting.com/NNI2024. Important Notice Regarding the Availability of Proxy Materials for the 2024 Annual Meeting of Shareholders to be held on May 16, 2024 Our notice of annual meeting and proxy statement, 2023 annual report on Form 10-K, letter to shareholders, electronic proxy card, and other annual meeting materials are available on the Internet at www.proxyvote.com. We intend to begin mailing our Notice of Internet Availability of Proxy Materials to shareholders on or about April 4, 2024. At that time, we also will begin mailing paper copies of our proxy materials to shareholders who requested them. Additional information on how these materials will

View Full Filing

View this DEF 14A filing on SEC EDGAR