Blackbaud Confirms Nasdaq Listing for Common Stock & Preferred Rights

Ticker: BLKB · Form: 8-K · Filed: Jan 22, 2024 · CIK: 1280058

Complexity: simple

Sentiment: neutral

Topics: corporate-governance, exchange-listing, securities-registration

TL;DR

**Blackbaud's 8-K confirms its common stock and preferred stock purchase rights are listed on Nasdaq.**

AI Summary

Blackbaud, Inc. filed an 8-K on January 22, 2024, reporting an event that occurred on January 17, 2024. The filing primarily updates the company's registered securities, specifically listing its Common Stock ($0.001 Par Value) and Preferred Stock Purchase Rights on the Nasdaq Global Select Market. This matters to investors because it confirms the official listing and trading venue for Blackbaud's securities, providing transparency on where their shares are traded and the existence of preferred stock purchase rights, which can impact ownership dilution.

Why It Matters

This filing confirms the official exchange where Blackbaud's shares and rights are traded, which is fundamental information for investors regarding liquidity and market access.

Risk Assessment

Risk Level: low — This filing is largely administrative, confirming existing security listings, and does not introduce new financial risks.

Analyst Insight

A smart investor would note the confirmed listing on Nasdaq, which provides standard market access and liquidity, but recognize this filing offers no new operational or financial performance insights.

Key Numbers

Key Players & Entities

Forward-Looking Statements

FAQ

What was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing occurred on January 17, 2024.

What is the par value of Blackbaud, Inc.'s Common Stock?

The par value of Blackbaud, Inc.'s Common Stock is $0.001.

On which exchange are Blackbaud, Inc.'s Common Stock and Preferred Stock Purchase Rights registered?

Both Blackbaud, Inc.'s Common Stock and Preferred Stock Purchase Rights are registered on the Nasdaq Global Select Market.

What is the trading symbol for Blackbaud, Inc.'s Common Stock?

The trading symbol for Blackbaud, Inc.'s Common Stock is BLKB.

Is Blackbaud, Inc. an emerging growth company according to this filing?

No, the filing indicates with an unchecked box that Blackbaud, Inc. is not an emerging growth company.

Filing Stats: 907 words · 4 min read · ~3 pages · Grade level 11 · Accepted 2024-01-22 16:15:51

Key Financial Figures

Filing Documents

01. Other Events

Item 8.01. Other Events. On January 17, 2024, the Board of Directors of Blackbaud, Inc. (the "Company") reauthorized, expanded and replenished the Company's existing stock repurchase program. The expansion raised the total capacity under the Company's stock repurchase program from $250 million to $500 million available for repurchases. The program does not have an expiration date. During December 2023 and January 2024, prior to the replenishment on January 17, 2024, the Company repurchased $41.1 million of its stock under the stock repurchase program. Between January 18, 2024 and January 19, 2024, the Company repurchased $0.6 million. As of January 19, 2024, the remaining amount available to purchase stock under the Company's repurchase program was $499.4 million. All of the Company's stock repurchases during the fourth quarter of 2023 and the first quarter of 2024 were made pursuant to an SEC Rule 10b5-1(c) trading arrangement. Repurchases by the Company will be subject to available liquidity, general market and economic conditions, alternate uses for the capital and other factors. Stock repurchases may be made from time to time in open market transactions, in private transactions or otherwise in accordance with applicable securities laws and regulations and other legal requirements, including compliance with the Company's finance agreements. There is no minimum number of shares that the Company is required to repurchase and the repurchase program may be suspended or discontinued at any time without prior notice. All shares purchased will be held in the Company's treasury for possible future use. The Company anticipates funding any stock repurchases from its cash flow from operations. On January 22, 2024, the Company issued a press release announcing the reauthorization, expansion and replenishment of its stock repurchase program. A copy of the press release is attached hereto as Exhibit 99.1. Forward- Looking Statements Except for historical information, all

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits The following exhibits are filed with this current report: Exhibit No. Description 99.1 Press release of Blackbaud, Inc. dated January 22, 2024. 101.INS Inline XBRL Instance Document - the Instance Document does not appear in the interactive data file because its XBRL tags are embedded within the Inline XBRL Document. 101.SCH Inline XBRL Taxonomy Extension Schema Document. 101.LAB Inline XBRL Taxonomy Extension Label Linkbase Document. 101.PRE Inline XBRL Taxonomy Extension Presentation Linkbase Document. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

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. BLACKBAUD, INC. Date: January 22, 2024 /s/ Anthony W. Boor Anthony W. Boor Executive Vice President and Chief Financial Officer (Principal Financial and Accounting Officer)

View Full Filing

View this 8-K filing on SEC EDGAR

View on Read The Filing