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Nelnet Inc (NNI.N)

NNI.N on New York Stock Exchange

59.03USD
21 Sep 2018
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Summary

Name Age Since Current Position

Michael Dunlap

54 2014 Executive Chairman of the Board

Timothy Tewes

59 2014 President

Jeffrey Noordhoek

52 2014 Chief Executive Officer

Stephen Butterfield

65 2007 Independent Vice Chairman of the Board

James Kruger

55 2014 Chief Financial Officer

Terry Heimes

53 2014 Chief Operating Officer

William Munn

50 2006 Corporate Secretary,General Counsel,Chief Governance Officer

Thomas Henning

65 2012 Lead Independent Director

James Abel

67 2003 Independent Director

William Cintani

65 2012 Independent Director

Kathleen Farrell

54 2007 Independent Director

David Graff

35 2014 Independent Director

Kimberly Rath

57 2007 Independent Director

Michael Reardon

65 2012 Independent Director

Phil Morgan

2016 Director of Investor Relations

Biographies

Name Description

Michael Dunlap

Mr. Michael S. Dunlap is a Executive Chairman of the Board of Nelnet, Inc. He was Chairman, March 2000 - December 2013; Chief Executive Officer, May 2007 - December 2013 and December 2001 - August 2003; Co-Chief Executive Officer, August 2003 - May 2007. Chairman, Farmers & Merchants Investment Inc. (“F&M”), the parent of Union Bank and Trust Company (“Union Bank”), January 2013 - present; Co-President and Director, January 2007 - January 2013 (F&M is an affiliate of the Company). Mr. Dunlap's qualifications include more than 25 years of experience in the areas of banking and financial services, leadership, strategic operations, and management, including as one of our co-founders and our Chairman since the Company's inception, as well as his experience as a member of the boards of directors of numerous other organizations. Mr. Dunlap's knowledge of every part of our business and his intense focus on innovation and excellence are keys to our Board's success.

Timothy Tewes

Mr. Timothy A. Tewes is a President of Nelnet, Inc. He is no longer Executive Director of the company effective January 1, 2014. He has served as President and Chief Executive Officer, Nelnet Business Solutions, Inc., a subsidiary of Nelnet, Inc., May 2007 - December 2013; President, Nelnet Business Solutions - K-12 operations, June 2005 - May 2007; Executive Vice President, FACTS Management Company, a subsidiary of Nelnet, Inc., September 2000 - June 2005. .

Jeffrey Noordhoek

Mr. Jeffrey R. Noordhoek is a Chief Executive Officer of Nelnet, Inc. He is no longer president of the company effective January 1, 2014. He was Director and Capital Markets Officer, October 2002 - January 2006; Vice President, January 1996 - March 2001, Senior Vice President, National Education Loan Network, Inc., a subsidiary of Nelnet, Inc., March 2001 - October 2002.

Stephen Butterfield

Mr. Stephen F. Butterfield is an Independent Vice Chairman of the Board of Nelnet Inc. He has served as Co-Chief Executive Officer, August 2003 - May 2007. Mr. Butterfield's qualifications include more than 35 years of experience in the areas of student loans, capital markets, and municipal finance, including as one of our co-founders and a member of our Board since the Company's inception, as well as his knowledge and understanding of leadership and organizational dynamics.

James Kruger

Mr. James D. Kruger is a Chief Financial Officer of Nelnet, Inc. He has served as Executive Director and Controller, Nelnet, Inc., October 1998 - December 2013.

Terry Heimes

Mr. Terry J. Heimes is a Chief Operating Officer of Nelnet, Inc. He is no longer Chief Financial Officer of the company effective January 1, 2014. He has been Executive Vice President, National Education Loan Network, Inc., a subsidiary of Nelnet, Inc., March 2001 - October 2002; Vice President of Finance, October 1998 - March 2001

William Munn

Mr. William J. Munn is a Corporate Secretary, General Counsel, Chief Governance Officer of Nelnet, Inc. He has been Corporate Secretary, Chief Governance Officer, and General Counsel, Nelnet, Inc., September 2006 - present; Deputy General Counsel and Chief Governance Officer, January 2005 - September 2006; Senior Counsel, January 2000 - December 2004; Legal Counsel, October 1998 - December 1999.

Thomas Henning

Mr. Thomas Edward Henning is a Lead Independent Director of Nelnet, Inc. He has been President and Chief Executive Officer, Assurity Group, Inc. and its subsidiary, Assurity Life Insurance Company, which offers a variety of disability income and critical illness protection, life insurance, and annuity products, 1990 - present. Director, Federal Home Loan Bank Topeka, March 2007 - October 2015. The Federal Home Loan Bank Topeka is part of the 12 member Federal Home Loan Bank system. The bank serves the states of Oklahoma, Kansas, Nebraska, and Colorado and provides liquidity to member institutions to assist in financing real estate. Director, Great Western Bancorp, Inc. ("GWB") and Great Western Bank, August 2015 - present. GWB is a publicly traded full service regional bank holding company. Mr. Henning's qualifications include over 25 years of experience as President and Chief Executive Officer of a large insurance company, his prior experience as President of a regional bank, his financial expertise, including being a Chartered Financial Analyst, his experience in risk assessment and management, and his vast knowledge and experience in leadership and management. Mr. Henning also completed a comprehensive program of study by the National Association of Corporate Directors ("NACD") and has been named an NACD Fellow.

James Abel

Mr. James P. Abel is an Independent Director of Nelnet, Inc. He as been Chief Executive Officer, NEBCO, Inc., a company with interests in the manufacture of concrete building materials, road construction, insurance, mining, railroading, farming, and real estate, 2004 - present; President and Chief Executive Officer, 1983 - 2004. Chairman of the Board of Directors, Ameritas Mutual Holding Company and Ameritas Holding Company; and Director, Ameritas Life Insurance Corp. Ameritas Mutual Holding Company is the parent company and owns Ameritas Holding Company, which owns 100 percent of the stock of Ameritas Life Insurance Corp. These entities offer a wide range of insurance and financial products and services to individuals, families, and businesses. Mr. Abel's qualifications include his experience on boards of directors of other private companies and his demonstrated executive leadership abilities and management experience as Chief Executive Officer of a complex diversified organization, as well as his knowledge of operations and experience with mergers and acquisitions, all of which give him critical insights into the operational requirements of the Company.

William Cintani

Mr. William Robert Cintani is an Independent Director of Nelnet, Inc. He is Chairman and Chief Executive Officer, Mapes Industries, a diversified manufacturer of specialty architectural products with distribution across the United States and Canada, 1993 - present. Mr. Cintani's qualifications include more than 35 years of managing a diverse, nationwide manufacturing business with distribution in all 50 states and Canada. Mr. Cintani's service on numerous civic, philanthropic, and service boards has provided him with a wide array of experience in both corporate governance and operations. His practical knowledge and board experience provide the Company with a resource for all aspects of finance, operations, IT, and strategic planning. In addition, Mr. Cintani served 10 years as a member of the board of directors for certain of the Company's asset-backed securities special purpose corporations.

Kathleen Farrell

Dr. Kathleen Anne Farrell, Ph.D., is an Independent Director of Nelnet, Inc. She is Professor of Finance, University of Nebraska-Lincoln, August 2009 - present, Senior Associate Dean of Academic Programs, August 2011 - present, Associate Dean of Academic Programs, August 2010 - August 2011, Associate Professor of Finance, University of Nebraska-Lincoln, 2002 - July 2009, Assistant Professor of Finance, University of Nebraska-Lincoln, August 1993 - 2001. Dr. Farrell's qualifications include her expertise in corporate finance, executive turnover, and executive compensation, and her prior experience as an auditor at a public accounting firm. Dr. Farrell has achieved designation as a Certified Public Accountant (inactive), has over 20 years of experience teaching university courses in the areas of banking and finance, and has conducted extensive research on these topics. Dr. Farrell has also published articles on these topics in numerous scholarly journals.

David Graff

Mr. David S. Graff is an Independent Director of Nelnet, Inc. Previously, Chief Executive Officer, Hudl, May 2006 - present. Hudl provides online video analysis and coaching tools software for professional, college, high school, club, and youth teams and athletes, and as of 2016, Hudl software was used by more than 160,000 teams around the world, serving more than 30 different sports, including the National Hockey League, National Football League, National Basketball Association, and English Premier League. Mr. Graff's qualifications include his experience and expertise in computer science, marketing, and sales. In addition, as co-founder of Hudl, Mr. Graff provides the Board of Directors and the Company significant expertise in business development and innovation. Mr. Graff serves on the Advisory Board for the Jeffrey S. Raikes School of Computer Science and Management at the University of Nebraska. In 2010, Mr. Graff was featured on Inc. Magazine's 30 Under 30 list along with the other Hudl co-founders, and in 2016 was named one of Fast Company's Most Creative People. In addition, Mr. Graff served as a member of the board of directors for certain of the Company's asset-backed securities special purpose corporations.

Kimberly Rath

Ms. Kimberly Kay Rath is an Independent Director of Nelnet, Inc. She has been Chairperson, Talent Plus, Inc., a global human resources consulting firm, August 2013 - present; President, June 2016 - present; Managing Director and President, July 1989 - August 2013. Ms. Rath's qualifications include over 30 years of experience in the field of human resources, with expertise in executive development, employee engagement, and human capital management. Ms. Rath also has over 25 years of experience leading an international executive management consulting and training organization, working with major global companies. Ms. Rath serves as an executive strategic advisor to many leaders across the globe in both private and public sectors.

Michael Reardon

Mr. Michael D. Reardon is an Independent Director of Nelnet, Inc. He has been Chairman, Provision Networks, LLC, a telecommunications company, August 2015 - present; Chief Executive Officer, January 2004 - August 2015. Chairman, Geos Communications, Inc., a publicly traded mobile communications company, March 2010 - August 2013. Director, HyperFlo, LLC, a manufacturer of precision cleaning equipment, January 2010 - February 2013. Mr. Reardon's qualifications include over 35 years of experience starting and building companies from the ground up, providing strategy, leadership, business development, and management expertise, and dealing with financial and operational issues in challenging environments. Mr. Reardon also has experience leading technology related companies. Through his roles as an executive officer and Chairman of such companies, and his experience on the board of directors and board committees of other public companies, Mr. Reardon provides valuable and unique insights.

Phil Morgan

Basic Compensation

Name Fiscal Year Total

Michael Dunlap

1,208,950

Timothy Tewes

1,179,080

Jeffrey Noordhoek

1,738,640

Stephen Butterfield

160,026

James Kruger

1,198,320

Terry Heimes

1,600,960

William Munn

534,163

Thomas Henning

155,262

James Abel

142,523

William Cintani

146,296

Kathleen Farrell

156,746

David Graff

125,796

Kimberly Rath

151,796

Michael Reardon

110,000

Phil Morgan

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As Of  31 Dec 2017