Nelnet Management

Management criteria checks 4/4

Nelnet's CEO is Jeff Noordhoek, appointed in Jan 2014, has a tenure of 10.83 years. total yearly compensation is $1.89M, comprised of 45.2% salary and 54.8% bonuses, including company stock and options. directly owns 1.52% of the company’s shares, worth €56.84M. The average tenure of the management team and the board of directors is 10.8 years and 10.5 years respectively.

Key information

Jeff Noordhoek

Chief executive officer

US$1.9m

Total compensation

CEO salary percentage	45.2%
CEO tenure	10.8yrs
CEO ownership	1.5%
Management average tenure	10.8yrs
Board average tenure	10.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jeff Noordhoek's remuneration changed compared to Nelnet's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$115m
Jun 30 2024	n/a	n/a	US$157m
Mar 31 2024	n/a	n/a	US$138m
Dec 31 2023	US$2m	US$855k	US$92m
Sep 30 2023	n/a	n/a	US$129m
Jun 30 2023	n/a	n/a	US$189m
Mar 31 2023	n/a	n/a	US$247m
Dec 31 2022	US$2m	US$814k	US$407m
Sep 30 2022	n/a	n/a	US$509m
Jun 30 2022	n/a	n/a	US$458m
Mar 31 2022	n/a	n/a	US$456m
Dec 31 2021	US$3m	US$783k	US$393m
Sep 30 2021	n/a	n/a	US$496m
Jun 30 2021	n/a	n/a	US$514m
Mar 31 2021	n/a	n/a	US$517m
Dec 31 2020	US$2m	US$760k	US$352m
Sep 30 2020	n/a	n/a	US$160m
Jun 30 2020	n/a	n/a	US$122m
Mar 31 2020	n/a	n/a	US$60m
Dec 31 2019	US$2m	US$738k	US$142m
Sep 30 2019	n/a	n/a	US$121m
Jun 30 2019	n/a	n/a	US$131m
Mar 31 2019	n/a	n/a	US$156m
Dec 31 2018	US$2m	US$716k	US$228m
Sep 30 2018	n/a	n/a	US$254m
Jun 30 2018	n/a	n/a	US$258m
Mar 31 2018	n/a	n/a	US$237m
Dec 31 2017	US$2m	US$695k	US$173m

Compensation vs Market: Jeff's total compensation ($USD1.89M) is about average for companies of similar size in the German market ($USD1.90M).

Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.

CEO

Jeff Noordhoek (58 yo)

10.8yrs

Tenure

US$1,892,169

Compensation

Mr. Jeffrey R. Noordhoek, also known as Jeff, is an Independent Director at Federal Home Loan Bank of Topeka since July 1, 2020. He has been the Chief Executive Officer at Nelnet, Inc., since January 1, 20...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jeffrey Noordhoek	Chief Executive Officer	10.8yrs	US$1.89m	1.52% € 56.8m
Timothy Tewes	President	10.8yrs	US$1.87m	0.22% € 8.3m
James Kruger	Chief Financial Officer	10.8yrs	US$1.85m	0.52% € 19.5m
Terry Heimes	Chief Operating Officer	10.8yrs	US$1.88m	0.67% € 25.0m
Matthew Dunlap	Chief Business Development Officer	2.7yrs	US$950.69k	0.46% € 17.3m
Michael Dunlap	Executive Chairman of the Board	28.8yrs	US$1.25m	24.29% € 906.4m
Phil Morgan	Investor Relations Contact	no data	no data	no data
William Munn	Corporate Secretary	18.2yrs	US$534.16k	0.039% € 1.5m
Emily Olinger	Chief People Services Officer	less than a year	no data	0.010% € 385.5k
Jackie Strohbehn	President of Nelnet Campus Commerce	4.3yrs	no data	no data
Deeann Wenger	President of Nelnet Business Services	no data	no data	0.063% € 2.3m

10.8yrs

Average Tenure

60yo

Average Age

Experienced Management: NIJ's management team is seasoned and experienced (10.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Matthew Dunlap	Chief Business Development Officer	2.7yrs	US$950.69k	0.46% € 17.3m
Michael Dunlap	Executive Chairman of the Board	28.8yrs	US$1.25m	24.29% € 906.4m
Kimberly Rath	Independent Director	17.1yrs	US$214.00k	no data
Thomas Henning	Independent Lead Director	21.3yrs	US$243.53k	0.053% € 2.0m
Kathleen Farrell	Independent Director	17.1yrs	US$225.77k	0.053% € 2.0m
David Graff	Independent Director	10.5yrs	US$217.00k	0.079% € 2.9m
Preeta Bansal	Independent Director	6yrs	US$257.77k	0.046% € 1.7m
Adam Peterson	Independent Director	2.7yrs	US$256.77k	no data
Jona Van Deun	Independent Director	2.7yrs	US$244.77k	0.0017% € 64.9k

10.5yrs

Average Tenure

59yo

Average Age

Experienced Board: NIJ's board of directors are seasoned and experienced ( 10.5 years average tenure).

Nelnet Management

Management criteria checks 4/4

Key information

Recent management updates

Nelnet, Inc., Annual General Meeting, May 16, 2024

Nelnet, Inc. Announces Demise of William "Bill" Cintani, Board Member

FACTS Appoints Dan Hughes as National Sales Director, K–12

Nelnet, Inc. Campus Commerce Announces Brittany Hubbard as Newdirector of Higher Ed Product Strategy

Nelnet, Inc., Annual General Meeting, May 19, 2022

Nelnet, Inc. Announces Retirement of James P. Abel from Board of Directors, Effective March 17, 2022

Recent updates

Third quarter dividend of US$0.28 announced

Nelnet, Inc. Declares Fourth-Quarter Cash Dividend, Payable on December 16, 2024

Third quarter 2024 earnings released: EPS: US$0.066 (vs US$1.21 in 3Q 2023)

Nelnet, Inc. to Report Q3, 2024 Results on Nov 07, 2024

Upcoming dividend of US$0.28 per share

Second quarter dividend of US$0.28 announced

Second quarter 2024 earnings released: EPS: US$1.24 (vs US$0.75 in 2Q 2023)

Nelnet, Inc. Declares Third-Quarter Cash Dividend, Payable on September 13, 2024

Nelnet, Inc. to Report Q2, 2024 Results on Aug 08, 2024

Upcoming dividend of US$0.28 per share

First quarter dividend of US$0.28 announced

Nelnet, Inc. Declares Second-Quarter Cash Dividend, Payable on June 14, 2024

First quarter 2024 earnings released: EPS: US$1.97 (vs US$0.71 in 1Q 2023)

Nelnet, Inc. to Report Q1, 2024 Results on May 09, 2024

Nelnet, Inc., Annual General Meeting, May 16, 2024

Now 22% undervalued

Full year 2023 earnings released: EPS: US$2.45 (vs US$10.83 in FY 2022)

Upcoming dividend of US$0.28 per share

Third quarter dividend of US$0.28 announced

Nelnet, Inc. Approves First Quarter Cash Dividend, Payable on March 15, 2024

Upcoming dividend of US$0.28 per share at 1.3% yield

Nelnet Declares Fourth-Quarter Cash Dividend, Payable on December 15, 2023

Third quarter 2023 earnings released: EPS: US$1.21 (vs US$2.80 in 3Q 2022)

Nelnet, Inc. to Report Q3, 2023 Results on Nov 07, 2023

Upcoming dividend of US$0.26 per share at 1.1% yield

Second quarter 2023 earnings released: EPS: US$0.75 (vs US$2.26 in 2Q 2022)

Nelnet, Inc. to Report Q2, 2023 Results on Aug 07, 2023

Upcoming dividend of US$0.26 per share at 1.1% yield

Nelnet, Inc. Declares Cash Dividend for Second Quarter of 2023, Payable on June 15, 2023

First quarter 2023 earnings released: EPS: US$0.71 (vs US$4.91 in 1Q 2022)

Nelnet, Inc. to Report Q4, 2022 Results on Feb 28, 2023

Nelnet, Inc. Announces Changes to Staffing Capacity in Student Loan Servicing Division

Nelnet, Inc. Announces Demise of William "Bill" Cintani, Board Member

Upcoming dividend of US$0.26 per share

Third quarter 2022 earnings released: EPS: US$2.80 (vs US$1.38 in 3Q 2021)

Nelnet, Inc. Declares Fourth Quarter Dividend, Payable on December 15, 2022

Nelnet, Inc. to Report Q3, 2022 Results on Nov 07, 2022

Upcoming dividend of US$0.24 per share

Nelnet, Inc. Declares Third Quarter Cash Dividend, Payable on September 15, 2022

Second quarter 2022 earnings released: EPS: US$2.25 (vs US$2.17 in 2Q 2021)

Nelnet, Inc. to Report Q2, 2022 Results on Aug 08, 2022

Nelnet, Inc. (NYSE:NNI) acquired GRNE Solutions LLC.

FACTS Appoints Dan Hughes as National Sales Director, K–12

Upcoming dividend of US$0.24 per share

Nelnet, Inc. Campus Commerce Announces Brittany Hubbard as Newdirector of Higher Ed Product Strategy

First quarter 2022 earnings released: EPS: US$4.91 (vs US$3.20 in 1Q 2021)

Nelnet, Inc. Declares Second Quarter Cash Dividend, Payable on June 15, 2022

Nelnet, Inc. to Report Q1, 2022 Results on May 09, 2022

Nelnet, Inc., Annual General Meeting, May 19, 2022

Full year 2021 earnings: Revenues exceed analyst expectations

Nelnet, Inc. Announces Retirement of James P. Abel from Board of Directors, Effective March 17, 2022

Upcoming dividend of US$0.24 per share

Nelnet Approves First Quarter Cash Dividend, Payable on March 15, 2022

Insufficient new directors

Upcoming dividend of US$0.24 per share

Third quarter 2021 earnings released: EPS US$1.39 (vs US$1.86 in 3Q 2020)

Independent Director Joann Martin has left the company

Upcoming dividend of US$0.22 per share

Second quarter 2021 earnings released

Upcoming dividend of US$0.22 per share

First quarter 2021 earnings released: EPS US$3.21 (vs US$1.01 loss in 1Q 2020)

Nelnet, Inc. Declares Second Quarter Cash Dividend, Payable on June 14, 2021

Nelnet and EKI-Digital Partner to Deliver Premier Digital Transformation Management Services to Government and Financial Services Industry

New 90-day high: €61.00

Full year 2020 earnings released: EPS US$9.19 (vs US$3.54 in FY 2019)

Revenue beats expectations

Upcoming Dividend of US$0.22 Per Share

Nelnet, Inc. to Report Q4, 2020 Results on Feb 25, 2021

New 90-day high: €58.50