Blackbaud Files 8-K for Year-End 2024

Ticker: BLKB · Form: 8-K · Filed: Jan 2, 2025 · CIK: 1280058

Sentiment: neutral

Topics: financial-reporting, 8-k, year-end

Related Tickers: BLKB

TL;DR

Blackbaud filed its 8-K for 12/31/24, mostly financial statements. Nothing major yet.

AI Summary

Blackbaud, Inc. filed an 8-K on January 2, 2025, reporting events as of December 31, 2024. The filing primarily concerns financial statements and exhibits, indicating a routine update for the period ending December 31, 2024. No specific material events or transactions were detailed in the provided excerpt.

Why It Matters

This filing serves as a standard disclosure for Blackbaud's year-end financial reporting, providing stakeholders with updated information on the company's financial position.

Risk Assessment

Risk Level: low — The filing appears to be a routine year-end financial disclosure without any immediate indication of significant risks or material changes.

Key Players & Entities

FAQ

What is the primary purpose of this 8-K filing?

The primary purpose of this 8-K filing is to report events as of December 31, 2024, and to include financial statements and exhibits for the period ending on that date.

When was this 8-K filing submitted to the SEC?

This 8-K filing was submitted to the SEC on January 2, 2025.

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 fiscal year end for Blackbaud, Inc.?

Blackbaud, Inc.'s fiscal year ends on December 31.

Under which section of the Securities Exchange Act of 1934 is this report filed?

This report is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.

Filing Stats: 875 words · 4 min read · ~3 pages · Grade level 12.1 · Accepted 2025-01-02 08:39:05

Key Financial Figures

Filing Documents

01. Other Events

Item 8.01. Other Events. On December 31, 2024, Blackbaud, Inc. (" Blackbaud ") disposed of its EVERFI business to a private investment firm (" Purchaser ") that is unaffiliated with Blackbaud. EVERFI is an international technology company driving social impact through education to address key societal challenges like financial wellness, mental health, workplace conduct, and more. Prior to the disposition, Blackbaud effected a reorganization of its EverFi, Inc. subsidiary, pursuant to which EverFi, Inc. was converted into a limited liability company (" EverFi, LLC "), and thereafter distributed the assets and liabilities of its YourCause business out of EverFi, LLC, as a result of which, Blackbaud will retain ownership of the YourCause business following the disposition of EVERFI. The disposition was effected in exchange for nominal cash consideration and the assumption by Purchaser of all of EVERFI's assets, liabilities and operations, including employees, pursuant to a transaction agreement which includes customary representations and warranties and covenants for an acquisition of this type, as well as limited bilateral indemnification between Blackbaud and Purchaser (" EVERFI Disposition "). The assets and liabilities transferred in the EVERFI Disposition did not include those related to EVERFI's office space in Washington, D.C. In addition, Blackbaud has agreed to provide customary transition services to Purchaser pursuant to a transition services agreement for a limited period following closing of the disposition. Further information regarding the EVERFI Disposition is included in the press release attached to this Current Report as Exhibit 99.1. Blackbaud is continuing the process of measuring the impairment charge related to the EVERFI asset group, as previously announced in its Current Report on Form 8-K filed on December 12, 2024, which includes evaluating the effect of the EVERFI Disposition. In accordance with Item 2.06 of Form 8-K, the Company will file

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (c) Shell Company Transactions Not applicable. (d) Exhibits The following exhibits are filed with this current report: Exhibit No. Description 99.1 Press release of Blackbaud, Inc. dated January 2, 2025. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

Forward-Looking Statements

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 harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve a number of risks and uncertainties. Although we attempt to be accurate in making these forward-looking statements, it is possible that future circumstances might dier from the assumptions on which such statements are based. In addition, other important factors that could cause results to dier materially include the risk factors set forth from time to time in our lings with the Securities and Exchange Commission (the " SEC "), copies of which are available free of charge at the SEC's website at www.sec.gov or upon request from our investor relations department. We assume no obligation and do not intend to update these forward- looking statements, except as required by law.

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 2, 2025 /s/ Anthony W. Boor Anthony W. Boor Executive Vice President and Chief Financial Officer (Principal Financial and Accounting Officer)

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