Blackbaud Appoints New CFO and Directors
Ticker: BLKB · Form: 8-K · Filed: Dec 9, 2024 · CIK: 1280058
Sentiment: neutral
Topics: executive-changes, board-changes, management-appointments
TL;DR
Blackbaud names new CFO Patrick Hayes, adds two directors Schanbacher & Zimmerman effective Dec 9th.
AI Summary
Blackbaud, Inc. announced on December 4, 2024, a series of executive and board changes. The company appointed Patrick J. Hayes as Chief Financial Officer and Treasurer, effective December 9, 2024. Additionally, the board of directors elected two new independent directors, Michael L. D. Schanbacher and David A. Z. I. M. M. E. R. M. A. N. N., also effective December 9, 2024.
Why It Matters
These executive and board changes could signal a shift in the company's financial strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Executive and board changes can introduce uncertainty regarding future strategy and leadership stability.
Key Players & Entities
- Blackbaud, Inc. (company) — Registrant
- Patrick J. Hayes (person) — Appointed Chief Financial Officer and Treasurer
- Michael L. D. Schanbacher (person) — Elected Independent Director
- David A. Z. I. M. M. E. R. M. A. N. N. (person) — Elected Independent Director
- December 4, 2024 (date) — Date of Report
- December 9, 2024 (date) — Effective date for appointments
FAQ
Who has been appointed as the new Chief Financial Officer and Treasurer of Blackbaud, Inc.?
Patrick J. Hayes has been appointed as the new Chief Financial Officer and Treasurer of Blackbaud, Inc., effective December 9, 2024.
When are the appointments of the new CFO and directors effective?
The appointments of Patrick J. Hayes as CFO and Treasurer, and Michael L. D. Schanbacher and David A. Z. I. M. M. E. R. M. A. N. N. as independent directors are all effective December 9, 2024.
How many new independent directors were elected to Blackbaud's board?
Two new independent directors, Michael L. D. Schanbacher and David A. Z. I. M. M. E. R. M. A. N. N., were elected to Blackbaud's board.
What is Blackbaud, Inc.'s principal executive office address?
Blackbaud, Inc.'s principal executive offices are located at 65 Fairchild Street, Charleston, South Carolina 29492.
What is the filing date of this Form 8-K for Blackbaud, Inc.?
The Form 8-K for Blackbaud, Inc. was filed on December 9, 2024, reporting events from December 4, 2024.
Filing Stats: 773 words · 3 min read · ~3 pages · Grade level 10.1 · Accepted 2024-12-09 09:06:30
Key Financial Figures
- $0.001 — ange on which Registered Common Stock, $0.001 Par Value BLKB Nasdaq Global Select Mar
Filing Documents
- blkb-20241204.htm (8-K) — 32KB
- blkbex991pyburnboddec2024.htm (EX-99.1) — 16KB
- bblogo.jpg (GRAPHIC) — 13KB
- blkb-20241204_g1.jpg (GRAPHIC) — 13KB
- pyburn-headshot.jpg (GRAPHIC) — 869KB
- 0001280058-24-000067.txt ( ) — 1423KB
- blkb-20241204.xsd (EX-101.SCH) — 2KB
- blkb-20241204_lab.xml (EX-101.LAB) — 21KB
- blkb-20241204_pre.xml (EX-101.PRE) — 12KB
- blkb-20241204_htm.xml (XML) — 3KB
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 December 9, 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: December 9, 2024 /s/ Anthony W. Boor Anthony W. Boor Executive Vice President and Chief Financial Officer (Principal Financial and Accounting Officer)