Blackbaud Inc. Files 8-K for Regulation FD Disclosure
Ticker: BLKB · Form: 8-K · Filed: May 15, 2024 · CIK: 1280058
Sentiment: neutral
Topics: filing, regulation-fd, financials
Related Tickers: BLKB
TL;DR
Blackbaud filed an 8-K today for Reg FD disclosure and exhibits.
AI Summary
On May 15, 2024, Blackbaud, Inc. filed an 8-K report. The filing primarily serves as a notification of a Regulation FD Disclosure and the filing of Financial Statements and Exhibits. No specific financial figures or material events beyond these standard disclosures were detailed in the provided excerpt.
Why It Matters
This filing indicates Blackbaud is making a required disclosure under Regulation FD, ensuring all investors receive material information simultaneously. It also signals the submission of financial statements and exhibits.
Risk Assessment
Risk Level: low — The filing is a standard procedural notification and does not contain information that inherently increases or decreases risk.
Key Players & Entities
- BLACKBAUD INC (company) — Registrant
- May 15, 2024 (date) — Date of earliest event reported
FAQ
What is the primary purpose of this 8-K filing for Blackbaud, Inc.?
The primary purpose of this 8-K filing is to report a Regulation FD Disclosure and to file Financial Statements and Exhibits.
What is the date of the earliest event reported in this filing?
The date of the earliest event reported is May 15, 2024.
Under which section of the Securities Exchange Act is Blackbaud, Inc. filing this report?
Blackbaud, Inc. is filing this report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
What is Blackbaud, Inc.'s principal executive office address?
Blackbaud, Inc.'s principal executive office is located at 65 Fairchild Street, Charleston, South Carolina 29492.
What is the SIC code for Blackbaud, Inc.?
The Standard Industrial Classification (SIC) code for Blackbaud, Inc. is 7372, which corresponds to SERVICES-PREPACKAGED SOFTWARE.
Filing Stats: 685 words · 3 min read · ~2 pages · Grade level 10.5 · Accepted 2024-05-15 16:55:26
Key Financial Figures
- $0.001 — ange on which Registered Common Stock, $0.001 Par Value BLKB Nasdaq Global Select Mar
Filing Documents
- blkb-20240515.htm (8-K) — 31KB
- blkbex991unsolicitedpropos.htm (EX-99.1) — 6KB
- blkb-20240515_g1.jpg (GRAPHIC) — 13KB
- 0001280058-24-000040.txt ( ) — 195KB
- blkb-20240515.xsd (EX-101.SCH) — 2KB
- blkb-20240515_lab.xml (EX-101.LAB) — 21KB
- blkb-20240515_pre.xml (EX-101.PRE) — 12KB
- blkb-20240515_htm.xml (XML) — 3KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. On May 15, 2024, Blackbaud, Inc. (the " Company " or " Blackbaud ") sent a letter on behalf of the Board of Directors of the Company (the " Blackbaud Board ") to Clearlake Capital Group, L.P. (" Clearlake "), in response to the nonbinding indication of interest that Clearlake previously submitted on April 14, 2024. The letter provides that after careful consideration, and in consultation with the Company's independent financial and legal advisors, the Blackbaud Board has unanimously concluded that Clearlake's indication of interest significantly undervalues the Company and is not in the best interests of all Blackbaud stockholders. A copy of the letter is included with this Current Report on Form 8-K as Exhibit 99.1 and incorporated herein by reference. The information furnished pursuant to this Item 7.01, including Exhibit 99.1 furnished herewith, shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 (as amended, the " Exchange Act ") or otherwise subject to the liabilities of that section, nor shall such information, including Exhibit 99.1, be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. The contents of any URLs referenced in the press release are not incorporated into this Current Report on Form 8-K or any other filings with the Securities and Exchange Commission.
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 Letter on behalf of the Board of Directors of Blackbaud, Inc. dated May 15, 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: May 15, 2024 /s/ Anthony W. Boor Anthony W. Boor Executive Vice President and Chief Financial Officer (Principal Financial and Accounting Officer)