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)
JUNE 13, 2005
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.)
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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
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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.
One June 13, 2005, Nelnet, Inc. issued a press release announcing
it acquired an 80% interest in FACTS Management Co. A copy of the press
release is attached as an exhibit to this Report. The payment for
acquisition of such stock and other related contractual commitments was
$52.25 million. The acquisition is expected to be immediately accretive,
though not material, to Nelnet's base net income.
In conjunction with the transaction, certain affiliates of the
selling parties will make an equity investment in Nelnet by purchasing
restricted shares of Nelnet's Class A Common Stock from Angela Muhleisen
in a privately negotiated transaction.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits. The following exhibit is filed as part of this
Report:
99.1 - Press release dated June 13, 2005 - "Nelnet and
FACTS Management Co. join to broaden services"
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.
Dated: June 13, 2005
NELNET, INC.
By: /s/ TERRY J. HEIMES
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Terry J. Heimes
Title: Chief Financial Officer
EXHIBIT INDEX
Exhibit No. Description
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99.1 Press release dated June 13, 2005 - "Nelnet and FACTS
Management Co. join to broaden services"