Item 5.07 Submission of Matters to a Vote of Security Holders.

The Company held its 2020 annual meeting of shareholders on May 22, 2020. At the meeting, the following proposals were submitted to a vote of our shareholders, with the voting results indicated below:

Proposal 1: Election of Directors. Our shareholders elected the following three Class III directors to hold office until the 2023 annual meeting of shareholders and until their successors have been duly elected or appointed.



                                                                           Broker
                              For            Against       Abstain        Non-Votes
Kathleen A. Farrell      136,638,892        187,059        36,607        1,284,193
David S. Graff           136,167,452        652,807        42,299        1,284,193
Thomas E. Henning        136,572,140        276,089        14,329        1,284,193


Proposal 2: Ratification of the appointment of KPMG LLP. Our shareholders ratified the appointment of KPMG LLP as our independent registered public accounting firm for the year ending December 31, 2020.


                                                  Broker
      For            Against       Abstain       Non-Votes
 137,939,004        194,851        12,896              -


Proposal 3: Advisory vote on executive compensation. Our shareholders approved, by an advisory vote, the compensation of our named executive officers as disclosed in the proxy statement for the annual meeting.



                                                   Broker
      For            Against       Abstain        Non-Votes
 136,529,560        271,352        61,646        1,284,193

Item 8.01 Other Events.

On May 27, 2020, Nelnet, Inc. (the "Company") repurchased, in a privately negotiated transaction under the Company's existing stock repurchase program, a total of 100,000 shares of the Company's Class A common stock (the "Repurchased Shares") from Shelby J. Butterfield, a significant shareholder of the Company. The shares were repurchased at a discount to the closing market price of the Company's Class A common stock as of May 27, 2020, and the transaction was separately approved by the Company's Board of Directors. Immediately prior to the Company's repurchase of the Repurchased Shares, the Repurchased Shares were shares of the Company's Class B common stock that Ms. Butterfield converted to shares of Class A common stock.

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