Nelnet (NNI) Proxy filing summary

Executive summary

• Annual meeting scheduled for May 14, 2026, with hybrid in-person and virtual participation options.

• Four key proposals: election of three Class III directors, ratification of KPMG LLP as auditor, amendments to the Directors Stock Compensation Plan, and advisory vote on executive compensation.

• Shareholders of record as of March 23, 2026, are eligible to vote, with detailed instructions for proxy voting provided.

Voting matters and shareholder proposals

• Proposals include electing three Class III directors, ratifying KPMG LLP as auditor, approving amendments to the Directors Stock Compensation Plan, and an advisory say-on-pay vote.

• Board recommends voting FOR all proposals.

• Shareholder proposals for the 2027 meeting must be submitted by December 3, 2026.

Board of directors and corporate governance

• Board consists of nine directors in three staggered classes; majority are independent except for two employee directors.

• Board committees include Audit, People Development and Compensation, Compliance, Nominating and Corporate Governance, Risk and Finance, and Executive.

• Board leadership structure separates Executive Chairman and CEO roles, with an independent Lead Director.

• Annual self-review and open communication with management are part of governance guidelines.