Blackbaud Inc. Files 8-K Report
Ticker: BLKB · Form: 8-K · Filed: Jul 18, 2024 · CIK: 1280058
Sentiment: neutral
Topics: regulatory-filing, 8-K
Related Tickers: BLKB
TL;DR
Blackbaud filed an 8-K, no major news.
AI Summary
On July 16, 2024, Blackbaud, Inc. filed an 8-K report to disclose information regarding "Other Events" and "Financial Statements and Exhibits." The filing does not contain specific financial figures or material events beyond the standard reporting requirements.
Why It Matters
This 8-K filing indicates that Blackbaud, Inc. is fulfilling its regulatory reporting obligations. It does not appear to contain any new material information that would immediately impact investors.
Risk Assessment
Risk Level: low — The filing is a routine 8-K report and does not disclose any new material events, risks, or significant financial changes.
Key Players & Entities
- BLACKBAUD INC (company) — Registrant
- July 16, 2024 (date) — Date of earliest event reported
- 65 Fairchild Street (address) — Principal executive offices
- Charleston (city) — Principal executive offices
- South Carolina (state) — Principal executive offices
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 "Other Events" and "Financial Statements and Exhibits" as of July 16, 2024.
What is the date of the earliest event reported in this filing?
The date of the earliest event reported in this filing is July 16, 2024.
Where are Blackbaud, Inc.'s principal executive offices located?
Blackbaud, Inc.'s principal executive offices are located at 65 Fairchild Street, Charleston, South Carolina.
Does this filing disclose any specific new material events or financial results?
No, this filing does not appear to disclose any specific new material events or financial results beyond standard reporting requirements.
What is Blackbaud, Inc.'s state of incorporation?
Blackbaud, Inc. is incorporated in Delaware.
Filing Stats: 871 words · 3 min read · ~3 pages · Grade level 11.1 · Accepted 2024-07-18 16:14:04
Key Financial Figures
- $0.001 — ange on which Registered Common Stock, $0.001 Par Value BLKB Nasdaq Global Select Mar
- $500 million — Company's stock repurchase program from $500 million to $800 million available for repurchas
- $800 million — repurchase program from $500 million to $800 million available for repurchases. The program
- $262.6 million — hased 2,954,211 shares of its stock for $262.6 million under the stock repurchase program, rep
Filing Documents
- blkb-20240716.htm (8-K) — 32KB
- blkbex991stockrepurchaseju.htm (EX-99.1) — 13KB
- blkb-20240716_g1.jpg (GRAPHIC) — 13KB
- image2.jpg (GRAPHIC) — 13KB
- 0001280058-24-000052.txt ( ) — 223KB
- blkb-20240716.xsd (EX-101.SCH) — 2KB
- blkb-20240716_lab.xml (EX-101.LAB) — 21KB
- blkb-20240716_pre.xml (EX-101.PRE) — 12KB
- blkb-20240716_htm.xml (XML) — 3KB
01. Other Events
Item 8.01. Other Events. On July 16, 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 $500 million to $800 million available for repurchases. The program does not have an expiration date. Since January 1, 2024 and prior to the replenishment on July 16, 2024, the Company repurchased 2,954,211 shares of its stock for $262.6 million under the stock repurchase program, representing approximately 5.5% of the Company's common stock outstanding as of December 31, 2023. As of July 16, 2024, the remaining amount available to purchase stock under the Company's repurchase program was $800 million. 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 July 18, 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 furnished herewith as Exhibit 99.1. Forward- Looking Statements Except for historical information, all of the statements, expectations and assumptions contained in this Current Report on Form 8-K are forward-looking statements that are subject to the safe ha
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 July 18, 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: July 18, 2024 /s/ Anthony W. Boor Anthony W. Boor Executive Vice President and Chief Financial Officer (Principal Financial and Accounting Officer)