Nelnet Inc 8-K, filed Aug 11, 2021
Nelnet Inc (NNI)
8-K
2021-08-11
For: 2021-08-10
View Original
Added on
April 04, 2026
About this 8-K
Nelnet Inc filed this 8-K on August 11, 2021, reporting on events of August 10, 2021.
Items reported
- Item 8.01: Other events
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
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Item 8.01 Other Events.
On August 10, 2021, Nelnet, Inc. (the “Company”) repurchased, in a privately negotiated transaction under the Company’s existing stock repurchase program, a total of 337,717 shares of the Company’s Class A common stock (the “Repurchased Shares”) from the Stephen F. Butterfield GST Non-Exempt Marital Trust, an estate planning trust for the family of Stephen F. Butterfield, including Shelby J. Butterfield, a significant shareholder of the Company, and various other estate planning trusts for the children of Ms. Butterfield. The shares were repurchased at a discount to the closing market price of the Company's Class A common stock as of August 9, 2021, and the transaction was separately approved by the Company’s Board of Directors ("Board"), and the Board's Nominating and Corporate Governance Committee. Immediately prior to the Company’s repurchase of the Repurchased Shares, certain of the Repurchased Shares were shares of the Company’s Class B common stock that were converted by the trusts to shares of Class A common stock.
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: August 11, 2021 By: /s/ JAMES D. KRUGER
Name: James D. Kruger
Title: Chief Financial Officer