Director Adam Peterson resigns from Nelnet (NYSE: NNI) board role

Rhea-AI Filing Summary

Nelnet, Inc. reported that director Adam Peterson resigned from its Board of Directors effective immediately on March 23, 2026. The company states his decision was due to business and personal reasons and was not the result of any disagreement over operations, policies, or practices. The Board and management publicly thanked Peterson for his dedicated service and significant contributions during his tenure.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)

March 23, 2026

NELNET, INC.

(Exact name of registrant as specified in its charter)

Nebraska

001-31924

84-0748903

(State or other jurisdiction of incorporation)

(Commission File Number)

(I.R.S. Employer Identification No.)

121 South 13th Street, Suite 100
Lincoln,			Nebraska						68508
(Address of principal executive offices)									(Zip Code)

Registrant's telephone number, including area code (402) 458-2370

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

(17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

(17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol			Name of each exchange on which registered
Class A Common Stock, Par Value $0.01 per Share			NNI			New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company    ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.                                    ☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On March 23, 2026, Adam Peterson notified Nelnet, Inc. (the “Company”) of his resignation from the Company's Board of Directors (the “Board”) effective immediately. Mr. Peterson’s resignation was for business and personal reasons and not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies, or practices.

The Board and the Company's management express their appreciation to Mr. Peterson for his dedicated service and the significant contributions he made to the Company during his tenure on the Board.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

NELNET, INC.

Date: March 23, 2026                By:    /s/ JAMES D. KRUGER

Name:    James D. Kruger

Title:    Chief Financial Officer

FAQ

What did Nelnet (NNI) announce in this Form 8-K?

Nelnet announced that director Adam Peterson resigned from its Board of Directors, effective immediately on March 23, 2026. The company emphasized that his departure was not due to any disagreement over operations, policies, or practices and thanked him for his service.

Why did Adam Peterson resign from Nelnet (NNI)’s Board of Directors?

Adam Peterson resigned from Nelnet’s Board for business and personal reasons, according to the company’s disclosure. Nelnet specified that his decision was not related to any disagreement with the company regarding its operations, policies, or practices during his tenure.

Was Adam Peterson’s resignation from Nelnet (NNI) related to any dispute?

Nelnet stated that Adam Peterson’s resignation was not the result of any disagreement with the company. This includes no disagreements on operations, policies, or practices, suggesting the departure is characterized as amicable and not driven by governance or strategic conflicts.

When did Adam Peterson’s resignation from Nelnet (NNI) become effective?

Adam Peterson’s resignation from Nelnet’s Board of Directors became effective immediately on March 23, 2026. The company reported this effective date and timing in its current report, indicating there is no transition period associated with his departure from the Board.

How did Nelnet (NNI) describe Adam Peterson’s contributions as a director?

Nelnet’s Board and management expressed appreciation for Adam Peterson’s dedicated service and significant contributions. They publicly acknowledged his impact during his tenure on the Board, signaling recognition of his role in supporting the company’s activities and governance over time.

Who signed Nelnet (NNI)’s report announcing the board resignation?

The report announcing Adam Peterson’s resignation was signed on behalf of Nelnet by James D. Kruger. He signed in his capacity as Chief Financial Officer, fulfilling the company’s requirement to have an authorized officer execute the current report filing.

Filing Exhibits & Attachments

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• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 1.7 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 21.1 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 12.2 KB