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NELNET INC. 2023-2024 Proxy Voting Records

Compiled from SEC Form N-PX filings and NELNET INC.’s Form 8-K, filed May 21, 2024 (Item 5.07 on EDGAR). Page generated October 14, 2026.

  • 6Ballot items
  • 175Asset managers
  • 1,288Fund votes
  • May 16, 2024Meeting date

Results at a glance

Meeting of May 16, 2024: 6 items on NELNET INC.’s Form 8-K, filed May 21, 2024: 3 elected · 3 approved.

Material dissent

None.

Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided

Proxy season: 2023-2024 2024-2025 2025-2026

Explore NELNET INC. in the interactive database Compare manager voting policies

Official 2023-2024 meeting results reported by NELNET INC.

These tallies are NELNET INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed May 21, 2024 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.

NELNET INC. — official shareholder meeting results, meeting held May 16, 2024
Ballot itemForAgainst AbstainWithheldBroker non-votesSupport (of votes cast)Reported outcomeVoting standard
Elect Director: Preeta D. Bansal 127,440,567161,831600,920 --1,228,344 99.8%Elected—
Elect Director: Michael S. Dunlap 124,582,3433,614,0646,911 --1,228,344 97%Elected—
Elect Director: Jona M. Van Deun 123,435,3524,166,610601,356 --1,228,344 97%Elected—
2. Ratification of the appointment of KPMG LLP 129,298,49696,57036,596 ---- 99.9%Approved—
3. Advisory vote on executive compensation 127,827,846328,32347,149 --1,228,344 99.7%Approved—
4. Approval of an amended and restated Restricted Stock Plan 125,737,674182,7012,282,943 --1,228,344 99.8%Approved—

Source: NELNET INC., Form 8-K, filed with the SEC on May 21, 2024 — read the filing on EDGAR.

How asset managers voted at the NELNET INC. 2023-2024 meeting

Each item below shows how the 175 asset managers that disclosed a NELNET INC. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report.

1. Elect Director: Preeta D. Bansal

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 5 wordings of this item as funds reported it.

99.8% Majority: yes · of votes cast

FOR 99.8%
FOR: 127,440,567AGAINST: 161,831
Details: description as filed, official tally, votes by 62 asset managers

Description as filed by funds: Election of three Class I directors for three-year terms: Preeta D. Bansal

NELNET INC.’s own tally for this item (“Elect Director: Preeta D. Bansal”): 127,440,567 for, 161,831 against, per its Form 8-K filed May 21, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “Our shareholders elected the following three Class I directors to hold office until the 2027 annual meeting of shareholders and until their successors have been duly elected or appointed.”
Support: 99.8% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 62 asset managers below reported 4,971,539 for, 52,537 against, 111 unknown.

FOR
FOR: 4,971,539AGAINST: 52,537UNKNOWN: 111
Largest asset managers voting on “Election of three Class I directors for three-year terms: Preeta D. Bansal” at NELNET INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Dimensional1,881,9090 00For
Vanguard1,292,3020 00For
BlackRock491,0890 00For
Fidelity311,2000 00For
GENERAL AMERICAN INVESTORS CO INC243,4150 00For
Charles Schwab195,5720 00For
American Century116,5000 00For
Northern Trust70,8890 00For
WisdomTree51,7810 00For
Equitable20,15017,737 00Mixed
AMERICAN BEACON FUNDS34,6270 00For
AllianceBernstein033,433 00Against
TIAA31,4880 00For
First Trust26,2490 00For
QUANTITATIVE MASTER SERIES LLC22,5830 00For
JAMES ADVANTAGE FUNDS20,6460 00For
Jackson National17,1210 00For
Lincoln Financial15,6210 00For
Global X10,1210 00For
JPMorgan9,9100 00For
Harbor ETF Trust9,4130 00For
Bridge Builder Trust7,5540 00For
John Hancock7,4500 00For
Invesco6,6830 00For
AIG/SunAmerica6,3620 00For

Showing the 25 largest of 62 asset managers. See all 62 in the interactive database.

2. Elect Director: Michael S. Dunlap

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 5 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 124,582,343AGAINST: 3,614,064
Details: description as filed, official tally, votes by 62 asset managers

Description as filed by funds: Election of three Class I directors for three-year terms: Michael S. Dunlap

NELNET INC.’s own tally for this item (“Elect Director: Michael S. Dunlap”): 124,582,343 for, 3,614,064 against, per its Form 8-K filed May 21, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “Our shareholders elected the following three Class I directors to hold office until the 2027 annual meeting of shareholders and until their successors have been duly elected or appointed.”
Support: 97% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 62 asset managers below reported 2,712,158 for, 2,311,918 against, 111 unknown.

FORAGAINST
FOR: 2,712,158AGAINST: 2,311,918UNKNOWN: 111
Largest asset managers voting on “Election of three Class I directors for three-year terms: Michael S. Dunlap” at NELNET INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Dimensional01,881,909 00Against
Vanguard1,285,1027,200 00For
BlackRock491,0890 00For
Fidelity307,3003,900 00For
GENERAL AMERICAN INVESTORS CO INC243,4150 00For
Charles Schwab195,5720 00For
American Century0116,500 00Against
Northern Trust70,8890 00For
WisdomTree051,781 00Against
Equitable20,15017,737 00Mixed
AMERICAN BEACON FUNDS034,627 00Against
AllianceBernstein033,433 00Against
TIAA031,488 00Against
First Trust026,249 00Against
QUANTITATIVE MASTER SERIES LLC22,5830 00For
JAMES ADVANTAGE FUNDS020,646 00Against
Jackson National017,121 00Against
Lincoln Financial015,621 00Against
Global X10,1210 00For
JPMorgan9,9100 00For
Harbor ETF Trust9,4130 00For
Bridge Builder Trust5,2352,319 00Mixed
John Hancock07,450 00Against
Invesco6,6830 00For
AIG/SunAmerica06,362 00Against

Showing the 25 largest of 62 asset managers. See all 62 in the interactive database.

3. Elect Director: Jona M. Van Deun

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 5 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 123,435,352AGAINST: 4,166,610
Details: description as filed, official tally, votes by 62 asset managers

Description as filed by funds: Election of three Class I directors for three-year terms: Jona M. Van Deun

NELNET INC.’s own tally for this item (“Elect Director: Jona M. Van Deun”): 123,435,352 for, 4,166,610 against, per its Form 8-K filed May 21, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “Our shareholders elected the following three Class I directors to hold office until the 2027 annual meeting of shareholders and until their successors have been duly elected or appointed.”
Support: 97% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 62 asset managers below reported 2,207,790 for, 2,816,286 against, 111 unknown.

FORAGAINST
FOR: 2,207,790AGAINST: 2,816,286UNKNOWN: 111
Largest asset managers voting on “Election of three Class I directors for three-year terms: Jona M. Van Deun” at NELNET INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Dimensional01,881,909 00Against
Vanguard1,285,1027,200 00For
BlackRock491,0890 00For
Fidelity7,776303,424 00Against
GENERAL AMERICAN INVESTORS CO INC243,4150 00For
Charles Schwab0195,572 00Against
American Century0116,500 00Against
Northern Trust70,8890 00For
WisdomTree051,781 00Against
Equitable20,15017,737 00Mixed
AMERICAN BEACON FUNDS034,627 00Against
AllianceBernstein033,433 00Against
TIAA031,488 00Against
First Trust026,249 00Against
QUANTITATIVE MASTER SERIES LLC22,5830 00For
JAMES ADVANTAGE FUNDS020,646 00Against
Jackson National017,121 00Against
Lincoln Financial10,9384,683 00Mixed
Global X010,121 00Against
JPMorgan9,9100 00For
Harbor ETF Trust9,4130 00For
Bridge Builder Trust5,2352,319 00Mixed
John Hancock07,450 00Against
Invesco06,683 00Against
AIG/SunAmerica06,362 00Against

Showing the 25 largest of 62 asset managers. See all 62 in the interactive database.

4. 4. Approval of an amended and restated Restricted Stock Plan

Official resultCOMPENSATIONReported outcome: Approved

Combines 5 wordings of this item as funds reported it.

99.8% Approved · of votes cast

FOR 99.8%
FOR: 125,737,674AGAINST: 182,701
Details: description as filed, official tally, votes by 61 asset managers

Description as filed by funds: To approve an amended and restated Restricted Stock Plan

NELNET INC.’s own tally for this item (“4. Approval of an amended and restated Restricted Stock Plan”): 125,737,674 for, 182,701 against — passed, per its Form 8-K filed May 21, 2024 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “Our shareholders approved amendments to and a restatement of the Restricted Stock Plan (the "Plan") to (i) increase the number of shares of the Company's Class A common stock that may be issued under the Plan from a total of 4,000,000 shares to a total of 6,000,000 shares, (ii) remove the term of t…”
Support: 99.8% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 61 asset managers below reported 4,664,122 for, 116,539 against, 111 unknown.

FOR
FOR: 4,664,122AGAINST: 116,539UNKNOWN: 111
Largest asset managers voting on “To approve an amended and restated Restricted Stock Plan” at NELNET INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Dimensional1,881,9090 00For
Vanguard1,292,3020 00For
BlackRock491,0890 00For
Fidelity311,2000 00For
Charles Schwab195,5720 00For
American Century0116,500 00Against
Northern Trust70,8890 00For
WisdomTree51,7810 00For
Equitable37,8870 00For
AMERICAN BEACON FUNDS34,6270 00For
AllianceBernstein33,4330 00For
TIAA31,4880 00For
First Trust26,2490 00For
QUANTITATIVE MASTER SERIES LLC22,5830 00For
JAMES ADVANTAGE FUNDS20,6460 00For
Jackson National17,1210 00For
Lincoln Financial15,6210 00For
Global X10,1210 00For
JPMorgan9,9100 00For
Harbor ETF Trust9,4130 00For
Bridge Builder Trust7,5540 00For
John Hancock7,4500 00For
Invesco6,6830 00For
AIG/SunAmerica6,3620 00For
Vericimetry Funds5,8200 00For

Showing the 25 largest of 61 asset managers. See all 61 in the interactive database.

5. 3. Advisory vote on executive compensation

Official resultFund totals may overlapSECTION 14A SAY-ON-PAY VOTESReported outcome: Approved

Combines 5 wordings of this item as funds reported it.

99.7% Approved · of votes cast

FOR 99.7%
FOR: 127,827,846AGAINST: 328,323
Details: description as filed, official tally, votes by 174 asset managers

Description as filed by funds: ADVISORY APPROVAL OF THE COMPANY'S EXECUTIVE COMPENSATION.

NELNET INC.’s own tally for this item (“3. Advisory vote on executive compensation”): 127,827,846 for, 328,323 against — passed, per its Form 8-K filed May 21, 2024 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “Our shareholders approved, by an advisory vote, the compensation of our named executive officers as disclosed in the proxy statement for the annual meeting.”
Support: 99.7% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).

Fund voting reports: 62 asset managers voting on “ADVISORY APPROVAL OF THE COMPANY'S EXECUTIVE COMPENSATION.” at NELNET INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Dimensional1,881,9090 00For
Vanguard1,292,3020 00For
BlackRock491,0890 00For
Fidelity311,2000 00For
GENERAL AMERICAN INVESTORS CO INC243,4150 00For
Charles Schwab195,5720 00For
American Century0116,500 00Against
Northern Trust70,8890 00For
WisdomTree051,781 00Against
Equitable37,8870 00For
AMERICAN BEACON FUNDS34,6270 00For
AllianceBernstein33,4330 00For
TIAA31,4880 00For
First Trust26,2490 00For
QUANTITATIVE MASTER SERIES LLC22,5830 00For
JAMES ADVANTAGE FUNDS20,6460 00For
Jackson National7,4839,638 00Mixed
Lincoln Financial15,6210 00For
Global X10,1210 00For
JPMorgan9,9100 00For
Harbor ETF Trust9,4130 00For
Bridge Builder Trust7,5540 00For
John Hancock7,4500 00For
Invesco6,6830 00For
AIG/SunAmerica6,3620 00For

Fund voting reports, all 62 managers: 4,844,021 for, 180,055 against, 111 unknown. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 133 asset managers voting on “ADVISORY APPROVAL OF THE COMPANY'S EXECUTIVE COMPENSATION.” at NELNET INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
MAGNOLIA GROUP, LLC1,900,0000 00For
UNION BANK & TRUST CO /NE/1,553,5290 00For
BlackRock401,1680 00For
GEODE CAPITAL MANAGEMENT, LLC319,9040 00For
Madison Avenue Partners, LP290,2130 00For
State Street287,9010 00For
Empyrean Capital Partners, LP197,9240 00For
Charles Schwab195,5720 00For
Dimensional161,2540 00For
Northern Trust137,6970 00For
Bandera Partners LLC127,0000 00For
LAWSON KROEKER INVESTMENT MANAGEMENT INC/NE120,6850 00For
JPMorgan119,0840 00For
American Century0116,607 00Against
BAR HARBOR WEALTH MANAGEMENT107,2010 00For
DE Shaw92,5130 00For
MELLON INVESTMENTS Corp067,551 00Against
AllianceBernstein51,1700 00For
Brandywine Global Investment Management, LLC42,0080 00For
Nuveen35,8480 00For
Vanguard29,3820 00For
UBS029,029 00Against
HighTower Advisors, LLC28,5490 00For
Corient Private Wealth LLC28,4350 00For
PARAMETRIC PORTFOLIO ASSOCIATES LLC26,4740 00For

Institutional-manager reports, all 133 managers: 6,556,583 for, 264,265 against, 22 unknown. Showing the 25 largest; see all in the interactive database.

6. 2. Ratification of the appointment of KPMG LLP

Official resultAUDIT-RELATEDReported outcome: Approved

Combines 4 wordings of this item as funds reported it.

99.9% Approved · of votes cast

FOR 99.9%
FOR: 129,298,496AGAINST: 96,570
Details: description as filed, official tally, votes by 61 asset managers

Description as filed by funds: RATIFY THE APPOINTMENT OF KPMG LLP AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2024.

NELNET INC.’s own tally for this item (“2. Ratification of the appointment of KPMG LLP”): 129,298,496 for, 96,570 against — passed, per its Form 8-K filed May 21, 2024 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “Our shareholders ratified the appointment of KPMG LLP as our independent registered public accounting firm for the year ending December 31, 2024.”
Support: 99.9% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 61 asset managers below reported 5,022,263 for, 202 against, 111 unknown.

FOR
FOR: 5,022,263AGAINST: 202UNKNOWN: 111
Largest asset managers voting on “RATIFY THE APPOINTMENT OF KPMG LLP AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2024.” at NELNET INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Dimensional1,881,9090 00For
Vanguard1,292,3020 00For
BlackRock491,0890 00For
Fidelity311,2000 00For
GENERAL AMERICAN INVESTORS CO INC243,4150 00For
Charles Schwab195,5720 00For
American Century116,5000 00For
Northern Trust70,8890 00For
WisdomTree51,7810 00For
Equitable37,8870 00For
AMERICAN BEACON FUNDS34,6270 00For
AllianceBernstein33,4330 00For
TIAA31,4880 00For
First Trust26,2490 00For
QUANTITATIVE MASTER SERIES LLC22,5830 00For
JAMES ADVANTAGE FUNDS20,6460 00For
Jackson National17,1210 00For
Lincoln Financial15,6210 00For
Global X10,1210 00For
JPMorgan9,9100 00For
Harbor ETF Trust9,4130 00For
Bridge Builder Trust7,5540 00For
John Hancock7,4500 00For
Invesco6,6830 00For
AIG/SunAmerica6,3620 00For

Showing the 25 largest of 61 asset managers. See all 61 in the interactive database.

Largest NELNET INC. shareholders voting in 2023-2024

Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported, shown as a share of the 37,156,971 shares outstanding at the time of that meeting.

Fund voting reports: top NELNET INC. shareholders by shares voted on “ADVISORY APPROVAL OF THE COMPANY'S EXECUTIVE COMPENSATION.”, 2023-2024
#Asset manager % of shares outstanding
1Dimensional 5.06%
2Vanguard 3.48%
3BlackRock 1.32%
4Fidelity 0.84%
5GENERAL AMERICAN INVESTORS CO INC 0.66%
6Charles Schwab 0.53%
7American Century 0.31%
8Northern Trust 0.19%
9WisdomTree 0.14%
10Equitable 0.10%
Institutional-manager reports: top NELNET INC. shareholders by shares voted on “ADVISORY APPROVAL OF THE COMPANY'S EXECUTIVE COMPENSATION.”, 2023-2024
#Asset manager % of shares outstanding
1MAGNOLIA GROUP, LLC 5.11%
2UNION BANK & TRUST CO /NE/ 4.18%
3BlackRock 1.08%
4GEODE CAPITAL MANAGEMENT, LLC 0.86%
5Madison Avenue Partners, LP 0.78%
6State Street 0.77%
7Empyrean Capital Partners, LP 0.53%
8Charles Schwab 0.53%
9Dimensional 0.43%
10Northern Trust 0.37%

Reported NELNET INC. holdings and ownership

As disclosed to the SEC in Form 13F (quarter-end holdings of 30 large managers), Schedules 13D and 13G (beneficial ownership above 5%) and the company’s own proxy statement (DEF 14A). Each row names its form.

NELNET INC. holdings and ownership disclosed for the 2023-2024 proxy season
Holder % outstanding Disclosure
Angela L. Muhleisen 15.88% DEF14A
Michael S. Dunlap 14.06% DEF14A
Dan D. Muhleisen 9.93% DEF14A
Union Bank and Trust Company 8.78% DEF14A
Dimensional Fund Advisors LP 5.59% DEF14A
Adam K. Peterson 5.13% DEF14A
Magnolia Capital Fund, LP 5.11% DEF14A
Deborah Bartels 5.02% DEF14A
Dunlap Holdings, LLC 4.31% DEF14A
Union Financial Services, Inc. 4.27% DEF14A

Percentages above are of 37,156,971 shares outstanding, as reported by NELNET INC. on its Form 10-Q dated March 31, 2024 (see the filing on EDGAR). This is the count contemporaneous with the 2023-2024 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from NELNET INC.’s 10-Q dated March 31, 2024. This page is a static snapshot rebuilt weekly on October 14, 2026; a live search always shows the current data.

At NELNET INC.'s shareholder meeting held May 16, 2024, in the 2023-2024 proxy season, 175 asset managers reported how they voted on 6 ballot items in their SEC Form N-PX filings, covering 1,288 separate fund positions. On the most widely held item on that ballot — ADVISORY APPROVAL OF THE COMPANY'S EXECUTIVE COMPENSATION. — NELNET INC.'s filing reports the proposal as approved, with 99.7% support of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side). Source: NELNET INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on May 21, 2024.

NELNET INC. proxy season coverage: 2023-2024 (this page) · 2024-2025 · 2025-2026.

Download data (CSV): ballot items · votes by manager · column guide.