Blackbaud Confirms Common Stock, Preferred Rights Listed on Nasdaq
Ticker: BLKB · Form: 8-K · Filed: Jan 26, 2024 · CIK: 1280058
Complexity: simple
Sentiment: neutral
Topics: regulatory-filing, corporate-governance, stock-listing
TL;DR
**Blackbaud's stock and rights are still listed on Nasdaq, business as usual.**
AI Summary
On January 26, 2024, Blackbaud, Inc. filed an 8-K to report that its Common Stock, with a $0.001 par value, and its Preferred Stock Purchase Rights are registered on the Nasdaq Global Select Market. This filing primarily serves to update the public record regarding the company's registered securities. For investors, this filing confirms the continued listing and trading of Blackbaud's shares and rights on a major exchange, which is a basic expectation for a publicly traded company and doesn't signal any immediate change in its operational or financial health.
Why It Matters
This filing confirms Blackbaud's securities are properly registered and traded on the Nasdaq Global Select Market, ensuring continued liquidity and transparency for investors.
Risk Assessment
Risk Level: low — This filing is a routine update confirming existing security registrations and does not introduce new risks or material changes.
Analyst Insight
This filing is a routine administrative update. Smart investors would note it for record-keeping but not expect any immediate market reaction or change in investment thesis based solely on this information.
Key Numbers
- $0.001 — Par Value per Share (The stated par value for Blackbaud's Common Stock.)
Key Players & Entities
- Blackbaud, Inc. (company) — the registrant filing the 8-K
- Nasdaq Global Select Market (company) — the exchange where Blackbaud's securities are registered
- $0.001 (dollar_amount) — par value of Blackbaud's Common Stock
Forward-Looking Statements
- Blackbaud's Common Stock will continue to trade on the Nasdaq Global Select Market. (Blackbaud, Inc.) — high confidence, target: Ongoing
FAQ
What is the exact name of the registrant as specified in its charter?
The exact name of the registrant as specified in its charter is Blackbaud, Inc.
On what date was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 26, 2024.
What is the trading symbol for Blackbaud, Inc.'s Common Stock?
The trading symbol for Blackbaud, Inc.'s Common Stock is BLKB.
Which exchange is Blackbaud, Inc.'s Common Stock registered on?
Blackbaud, Inc.'s Common Stock is registered on the Nasdaq Global Select Market.
What is the par value of Blackbaud, Inc.'s Common Stock?
The par value of Blackbaud, Inc.'s Common Stock is $0.001.
Filing Stats: 753 words · 3 min read · ~3 pages · Grade level 10.5 · Accepted 2024-01-26 16:28:29
Key Financial Figures
- $0.001 — ange on which Registered Common Stock, $0.001 Par Value BLKB Nasdaq Global Select Mar
Filing Documents
- blkb-20240126.htm (8-K) — 35KB
- blkbex43rightsplanamendmen.htm (EX-4.3) — 30KB
- blkb-20240126_g1.jpg (GRAPHIC) — 13KB
- 0001280058-24-000007.txt ( ) — 270KB
- blkb-20240126.xsd (EX-101.SCH) — 3KB
- blkb-20240126_def.xml (EX-101.DEF) — 15KB
- blkb-20240126_lab.xml (EX-101.LAB) — 30KB
- blkb-20240126_pre.xml (EX-101.PRE) — 16KB
- blkb-20240126_htm.xml (XML) — 4KB
01. Entry Into A Material Definitive Agreement
Item 1.01. Entry Into A Material Definitive Agreement. On January 26, 2024, Blackbaud, Inc., a Delaware corporation (the " Company "), and Broadridge Corporate Issuer Solutions, LLC, a Pennsylvania limited liability company (" Broadridge "), entered into the Second Amendment to Stockholder Rights Agreement, dated as of January 26, 2024 (the " Amendment "), which amended the Stockholder Rights Agreement, dated as of October 7, 2022, by and between the Company and Equiniti Trust Company, LLC (f/k/a American Stock Transfer & Trust Company, LLC), a New York limited liability trust company, as amended by that certain Amendment to Stockholder Rights Agreement, dated as of October 2, 2023 (as amended, the " Rights Agreement "). The Amendment reflects the appointment of Broadridge as successor Rights Agent under the Rights Agreement. Broadridge also serves as the Company's transfer agent and registrar for its common stock. The Amendment is attached hereto as Exhibit 4.3 and is incorporated herein by reference. The description of the Amendment herein does not purport to be complete and is qualified in its entirety by reference to Exhibit 4.3.
03. Material Modification to Rights of Security Holders
Item 3.03. Material Modification to Rights of Security Holders. The information set forth under Item 1.01 of this Current Report on Form 8-K is incorporated into this Item 3.03 by reference.
01. Other Events
Item 8.01. Other Events. The Company appointed Broadridge as its transfer agent and registrar for its common stock effective January 26, 2024. The contact information for Broadridge is: Broadridge Corporate Issuer Solutions, LLC 51 Mercedes Way Edgewood, NY 11717 Attention: IWS Telephone: (877) 830-4936
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 4.1 Stockholder Rights Agreement, dated as of October 7, 2022, between Blackbaud, Inc. and American Stock Transfer & Trust Company, LLC, as Rights Agent (incorporated by reference to Exhibit 4.1 of the Registrant's Current Report on Form 8-K filed October 11, 2022). 4.2 Amendment to Stockholder Rights Agreement, dated as of October 2, 2023, between Blackbaud, Inc. and Equiniti Trust Company, LLC (f/k/a American Stock Transfer & Trust Company, LLC), as Rights Agent (incorporated by reference to Exhibit 4.2 of the Registrant's Current Report on Form 8-K filed October 2, 2023). 4.3 Second Amendment to Stockholder Rights Agreement, dated as of January 26, 2024, by and among Blackbaud, Inc. and Broadridge Corporate Issuer Solutions, LLC. 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 26, 2024 /s/ Anthony W. Boor Anthony W. Boor Executive Vice President and Chief Financial Officer (Principal Financial and Accounting Officer)