Blackbaud INC 8-K Filing
Ticker: BLKB · Form: 8-K · Filed: Dec 2, 2025 · CIK: 1280058
Sentiment: neutral
Filing Stats: 918 words · 4 min read · ~3 pages · Grade level 11.1 · Accepted 2025-12-02 08:27:24
Key Financial Figures
- $0.001 — ange on which Registered Common Stock, $0.001 Par Value BLKB Nasdaq Global Select Mar
- $800 million — Company's stock repurchase program from $800 million to $1 billion available for repurchases
- $1 billion — repurchase program from $800 million to $1 billion available for repurchases. The program
- $174.5 million — hased 2,707,953 shares of its stock for $174.5 million under the stock repurchase program. Inc
Filing Documents
- blkb-20251201.htm (8-K) — 32KB
- blkbex991stockrepurchasede.htm (EX-99.1) — 14KB
- bblogoa.jpg (GRAPHIC) — 13KB
- blkb-20251201_g1.jpg (GRAPHIC) — 13KB
- 0001280058-25-000053.txt ( ) — 217KB
- blkb-20251201.xsd (EX-101.SCH) — 2KB
- blkb-20251201_lab.xml (EX-101.LAB) — 21KB
- blkb-20251201_pre.xml (EX-101.PRE) — 12KB
- blkb-20251201_htm.xml (XML) — 3KB
01. Other Events
Item 8.01. Other Events. On December 1, 2025, 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 $800 million to $1 billion available for repurchases. The program does not have an expiration date. Since January 1, 2025 and prior to the replenishment on December 1, 2025, the Company repurchased 2,707,953 shares of its stock for $174.5 million under the stock repurchase program. Including net share settlement of employee stock compensation, these repurchases represent approximately 6.7% of the Company's common stock outstanding as of December 31, 2024. Based on current market valuations, the Company has increased its fiscal year 2025 expected stock repurchase range to between 7.0% and 8.5% of its outstanding common stock as of December 31, 2024. As of December 1, 2025, the remaining amount available to purchase stock under the Company's repurchase program was $1 billion. 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 or borrowings under its credit facility. On December 2, 2025, the Company issued a press release announcing the reauthorization, expansion and replenishment
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, including, but not limited to, statements regarding the Company's ability to repurchase its common stock. 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 differ from the assumptions on which such statements are based. In addition, other important factors that could cause results to differ materially include the risk factors set forth from time to time in our filings 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.
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 2, 2025. 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 2, 2025 /s/ Chad M. Anderson Chad M. Anderson Executive Vice President and Chief Financial Officer (Principal Financial and Accounting Officer)