UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) April 20, 2007
NELNET, INC.
(Exact name of registrant as specified in its charter)
NEBRASKA 001-31924 84-0748903
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
121 South 13th Street, Suite 201, Lincoln, Nebraska 68508
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (402) 458-2370
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
ITEM 8.01 OTHER EVENTS.
On April 20, 2007, Nelnet, Inc. (the "Company") issued a press release
announcing that the Company had agreed with the Nebraska Attorney General to
voluntarily adopt a Nelnet Student Loan Code of Conduct, post a copy of a review
of the Company's business practices on its web site, and commit $1 million to
help educate students and families on how to plan and pay for their education.
Copies of the press release, the letter agreement with the Nebraska Attorney
General, and the review to be posted on the Company's web site are attached to
this report as Exhibits 99.1, 99.2, and 99.3, respectively.
Information contained in this report, other than historical information,
may be considered forward looking in nature and is subject to various risks,
uncertainties, and assumptions. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove incorrect,
actual results may vary materially from those anticipated, estimated, or
expected. Among the key factors that may have a direct bearing on the Company's
operating results, performance, or financial condition expressed or implied by
the forward-looking statements are the uncertain nature of the future impact of
the Code of Conduct, any future developments with respect to the regulatory
framework, changes in terms of student loans and the educational credit
marketplace, changes in the demand for educational financing or in financing
preferences of educational institutions, students and their families, or changes
in the general interest rate environment and in the securitization markets for
education loans.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits. The following exhibits are filed as part of this report:
Exhibit No.
Description
------------- --------------------------------------------------------
99.1 Press release of Nelnet, Inc. dated April 20, 2007 -
"Nelnet Agrees With Nebraska Attorney General to
Voluntarily Adopt Student Loan Code of Conduct; Makes
Commitment to Help Families Plan and Pay for Their
Education".
99.2 Letter Agreement dated April 20, 2007 with the Nebraska
Attorney General.
99.3 Items Under Review and Consideration from review of
Nelnet, Inc. business practices.
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: April 24, 2007 By: /s/ TERRY J. HEIMES
------------------------------------
Terry J. Heimes
Chief Financial Officer
EXHIBIT INDEX
Exhibit No.
Description
------------- ----------------------------------------------------------
99.1 Press release of Nelnet, Inc. dated April 20, 2007 -
"Nelnet Agrees With Nebraska Attorney General to
Voluntarily Adopt Student Loan Code of Conduct; Makes
Commitment to Help Families Plan and Pay for Their
Education".
99.2 Letter Agreement dated April 20, 2007 with the Nebraska
Attorney General.
99.3 Items Under Review and Consideration from review of
Nelnet, Inc. business practices.