Blackbaud Inc. Files 8-K Report
Ticker: BLKB · Form: 8-K · Filed: May 16, 2024 · CIK: 1280058
Sentiment: neutral
Topics: 8-K, disclosure, regulation-fd
TL;DR
Blackbaud filed an 8-K on 5/14, likely with news.
AI Summary
On May 14, 2024, Blackbaud, Inc. filed an 8-K report to disclose information under Regulation FD. The filing indicates that the company is providing an update or making a disclosure that is intended to be broadly disseminated to the public. Specific details of the disclosure were not provided in the excerpt, but the filing date suggests it pertains to recent company events.
Why It Matters
This filing signals a material event or disclosure by Blackbaud, Inc. that is being made public, potentially impacting investor understanding of the company's current status.
Risk Assessment
Risk Level: low — The filing itself is a standard disclosure document and does not inherently present new risks, but the content it refers to could carry risk.
Key Numbers
- 0001280058-24-000042 — Accession Number (Unique identifier for the filing)
- 001-41527 — SEC File Number (Company's SEC file number)
Key Players & Entities
- BLACKBAUD INC (company) — Registrant
- May 14, 2024 (date) — Date of earliest event reported
- 65 Fairchild Street, Charleston, South Carolina 29492 (address) — Principal executive offices
FAQ
What specific event or information is Blackbaud, Inc. disclosing in this 8-K filing?
The provided excerpt does not detail the specific event or information being disclosed, only that it is a 'Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934' and filed as of May 14, 2024.
What is the significance of filing an 8-K report?
An 8-K report is filed to announce major corporate events that shareholders should be aware of, such as acquisitions, bankruptcies, or changes in executive management.
What is the primary business of Blackbaud, Inc.?
Blackbaud, Inc. is in the 'SERVICES-PREPACKAGED SOFTWARE' industry, as indicated by its Standard Industrial Classification code [7372].
Where are Blackbaud, Inc.'s principal executive offices located?
Blackbaud, Inc.'s principal executive offices are located at 65 Fairchild Street, Charleston, South Carolina 29492.
What is the filing date and the date of the earliest event reported for this 8-K?
The filing date is May 16, 2024, and the date of the earliest event reported is May 14, 2024.
Filing Stats: 750 words · 3 min read · ~3 pages · Grade level 14.1 · Accepted 2024-05-16 16:09:08
Key Financial Figures
- $0.001 — ange on which Registered Common Stock, $0.001 Par Value BLKB Nasdaq Global Select Mar
Filing Documents
- blkb-20240514.htm (8-K) — 27KB
- blkb-20240514_g1.jpg (GRAPHIC) — 13KB
- 0001280058-24-000042.txt ( ) — 183KB
- blkb-20240514.xsd (EX-101.SCH) — 2KB
- blkb-20240514_lab.xml (EX-101.LAB) — 21KB
- blkb-20240514_pre.xml (EX-101.PRE) — 12KB
- blkb-20240514_htm.xml (XML) — 3KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. As previously disclosed, Blackbaud, Inc. (the " Company ") is a defendant in putative consumer class action cases in U.S. federal courts, which have been consolidated under multi district litigation to a single federal court, the United States District Court for the District of South Carolina Columbia Division (the " Court ") (Case No.:3:20-mn-02972-JFA) alleging harm from a 2020 security incident in which a cybercriminal removed a copy of a subset of data from the Company's self-housed environment (the " Security Incident "). The plaintiffs in this case, who purport to represent various classes of individual constituents of the Company's customers, generally claim to have been harmed by alleged actions and/or omissions by the Company in connection with the Security Incident and assert a variety of common law and statutory claims seeking monetary damages, injunctive relief, costs and attorneys' fees and other related relief. On May 14, 2024, the Court issued a memorandum opinion and order (1) denying the multi district litigation plaintiffs' motion for class certification because of the plaintiffs' failure to meet their burden of proof as to ascertainability, (2) granting the Company's motion to exclude the multi district litigation plaintiffs' expert on the issue of ascertainability, and (3) denying the multi district litigation plaintiffs' motion to exclude the Company's expert on the issue of ascertainability. Further, the Court denied as moot all other pending motions. The Court's determination as to these motions is subject to potential appeal to the Fourth Circuit Court of Appeals (the " Fourth Circuit "), and this litigation remains ongoing without regard to whether any such appeal is sought by the plaintiffs or granted by the Fourth Circuit. For additional information regarding the Company's customer constituent class actions or other matters related to the Security Incident, see the Company's most recently filed Quart
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 16, 2024 /s/ Anthony W. Boor Anthony W. Boor Executive Vice President and Chief Financial Officer (Principal Financial and Accounting Officer)