Nelnet Files Additional Proxy Materials

TL;DR

Nelnet dropped more proxy docs, no new fee. Standard stuff.

AI Summary

Nelnet, Inc. filed a Definitive Additional Materials proxy statement on May 6, 2024. This filing is related to the company's proxy materials and does not require a new filing fee, as indicated by the 'No fee required' checkbox. The filing is made under the Securities Exchange Act of 1934.

Why It Matters

This filing provides updated or supplementary information to shareholders regarding Nelnet's corporate governance and voting matters, ensuring transparency in decision-making processes.

Risk Assessment

Risk Level: low — This filing is a routine proxy statement supplement and does not contain new financial information or strategic changes that would inherently increase risk.

Key Players & Entities

• Nelnet, Inc. (company) — Registrant
• 0001258602-24-000034.txt (document) — Filing identifier
• 20240506 (date) — Filing date
• 1934 Act (regulation) — Securities Exchange Act

FAQ

Filing Documents

• supplementalproxy.htm (DEFA14A) — 144KB
• dunlapsignaturea01a01a05.jpg (GRAPHIC) — 101KB
• munnsignaturea01a01a05.jpg (GRAPHIC) — 5KB
• nelnetinc_vhxnaxp08088xp07.jpg (GRAPHIC) — 524KB
• nelnetinc_vhxnaxp08088xp07a.jpg (GRAPHIC) — 356KB
• nelnetinc_vhxprxyxgt20xp08.jpg (GRAPHIC) — 508KB
• nelnetinc_vhxprxyxgt20xp08a.jpg (GRAPHIC) — 241KB
• nelnetlogoletterheada02.jpg (GRAPHIC) — 4KB
• 0001258602-24-000034.txt ( ) — 2539KB

From the Filing

Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No._______) Filed by the Registrant X Filed by a Party other than the Registrant Check the appropriate box Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement X Definitive Additional Materials Soliciting Material under 240.14a-12 NELNET, INC. (Name of Registrant as Specified in its Charter) (Name of Person(s) Filing Proxy Statement, if Other Than the Registrant) Payment of Filing Fee (Check all boxes that apply) X No fee required Fee paid previously with preliminary materials Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 121 SOUTH 13TH STREET, SUITE 100 p 402.458.2370 LINCOLN, NE 68508 www.nelnet.com May 6, 2024 Dear Shareholder The Board of Directors of Nelnet, Inc. (the "Company") has determined to recommend an additional proposal for shareholder approval at the Annual Shareholders' Meeting (the "Annual Meeting") to be held on Thursday, May 16, 2024 at 830 a.m. Central Time at the Hudl Building, 600 P Street, Suite 100, Lincoln, Nebraska. The additional proposal is being included to approve an amended and restated Restricted Stock Plan. Because this proposal was not described in our Proxy Statement, dated April 4, 2024, we are providing additional information in the enclosed Supplement to the Proxy Statement and an amended proxy card to allow our shareholders to vote on this proposal. The date and place for the Annual Meeting has not changed. PLEASE NOTE THAT WE HAVE ENCLOSED AN AMENDED PROXY CARD. WE ASK THAT YOU CONSIDER THESE MATERIALS AND THE INSTRUCTIONS ON HOW TO VOTE IN ORDER TO EFFECTIVELY VOTE FOR ALL PROPOSALS. You may vote on all four proposals by one of the alternatives described in the accompanying Supplement to the Proxy Statement. The Company's receipt of a new proxy or voting instructions will revoke and supersede any proxy or voting instructions previously submitted. In order to vote on the newly added proposal, you must either sign and return the enclosed amended proxy card, vote by telephone or over the Internet, attend the Annual Meeting and vote in person, or vote using the instructions provided by your broker or bank. Your vote on this new proposal is very important. Therefore, we request you vote on Proposals 1-4, regardless of whether or not you have already voted. If you already completed and returned the original proxy card, our timely receipt of a completed amended proxy card will replace the original proxy card in its entirety and only your vote as indicated on the amended proxy card will be counted. If you have already voted by telephone, over the Internet, or by the instructions provided by your broker or bank, you may simply vote again, using the same procedures, in which case your later submitted vote will be recorded and your earlier vote revoked. If you have already voted and do not submit new voting instructions, your previously submitted proxy or voting instructions will be voted at the Annual Meeting with respect to all other proposals but will not be counted in determining the outcome of the newly added proposal. Your vote is important. We hope that you will be able to attend the meeting and encourage you to read our Annual Report and Proxy Statement that was previously made available to you and the Supplement to the Proxy Statement in their entirety, as together they contain information that is important to your decisions in voting at the Annual Meeting. At the Annual Meeting, members of the Company's management team will discuss the Company's results of operations and business plans and will be available to answer your questions. Consistent with the prior Annual Meetings, we are offering a hybrid virtual meeting format whereby shareholders may attend, participate in, and vote at the Annual Meeting online at httpwww.virtualshareholdermeeting.comNNI2024 . Regardless of whether you plan to attend, we urge you to vote your proxy at your earliest convenience. Thank you. Sincerely, Michael S. Dunlap Executive Chairman of the Board of Directors Nelnet, Inc. 121 South 13 th Street, Suite 100, Lincoln, Nebraska 68508 AMENDED NOTICE OF ANNUAL MEETING OF SHAREHOLDERS May 6, 2024 Dear Shareholder The Annual Meeting of Shareholders (the "Annual Meeting") of Nelnet, Inc. (the "Company") will be held on Thursday, May 16, 2024 at 830 a.m. Central Time at the Hudl Building, 600 P Street, Suite 100, Lincoln, Nebraska, for the purposes stated below 1. To elect three Class I directors nominated by the Board of Directors to serve for three-year terms until the 2027 Annual Meeting of Shareholders 2. To ratify the appointment of KPMG LLP as the Company's independent registered public accounting fi

View Full Filing

View this DEFA14A filing on SEC EDGAR