BLACKBAUD INC
For the period ended Dec 31, 2023. Filed Feb 21, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 21, 2024
BLKB$54.92+0.6%Stored close · as of Nov 10, 2026
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Item 15. Exhibits and financial statement schedules
(a) The following documents are included as part of the Annual Report on Form 10-K:
- Financial statements
See the "Index to consolidated financial statements" in Part II Item 8 of this report.
There were no retrospective changes to the Consolidated Statement of Operations for any quarters in the two most recent fiscal years that would require disclosure under Item 302, as amended.
- Financial statement schedules
Schedules not listed above have been omitted because the information required to be set forth therein is not applicable or is shown in the financial statements thereto.
- Exhibits
The exhibits listed below are filed or incorporated by reference as part of this report:
| Filed In | |||||
|---|---|---|---|---|---|
| Exhibit Number | Description of Document | Registrant’sForm | Dated | ExhibitNumber | FiledHerewith |
| 2.1 | Agreement and Plan of Merger and Reincorporation dated April 6, 2004 | S-1/A | 4/6/2004 | 2.1 | |
| 2.2 | Purchase Agreement, dated August 30, 2014, by and among MicroEdge Holdings, LLC, Blackbaud, Inc, direct and indirect holders of all of the outstanding equity interests of MicroEdge Holdings, LLC, and VFF I AIV I, L.P., as Sellers’ Representative | 8-K | 10/2/2014 | 10.76 | |
| 2.3 | Unit Purchase Agreement, dated as of August 10, 2015, by and between Smart Tuition Holdings, LLC and Blackbaud, Inc. | 8-K | 10/8/2015 | 10.78 | |
| 2.4 | Amendment, Consent and Waiver, Agreement dated as of October 2, 2015, by and between Smart Tuition Holdings, LLC and Blackbaud, Inc. | 8-K | 10/8/2015 | 10.79 | |
| 2.5 | Agreement and Plan of Merger, dated as of December 30, 2021, by and among Blackbaud, Inc., Project Montessori Acquisition, Inc., EverFi, Inc. and Eon Stockholder Representative, LLC | 8-K | 1/3/2022 | 2.1 | |
| 3.1 | Amended and Restated Certificate of Incorporation of Blackbaud, Inc. | DEF 14A | 4/30/2009 | ||
| 3.2 | Certificate of Designation of Series A Junior Participating Preferred Stock of Blackbaud, Inc. | 8-K | 10/11/2022 | 3.1 | |
| 3.3 | Amended and Restated Bylaws of Blackbaud, Inc. dated December 7, 2023 | 8-K | 12/11/2023 | 3.1 | |
| 4.1 | Description of Capital Stock | X | |||
| 4.2 | Stockholder Rights Agreement, dated as of October 7, 2022, between Blackbaud, Inc. and American Stock Transfer & Trust Company, LLC, as Rights Agent | 8-K | 10/11/2022 | 4.1 | |
| Filed In | |||||
|---|---|---|---|---|---|
| Exhibit Number | Description of Document | Registrant’sForm | Dated | ExhibitNumber | FiledHerewith |
| 4.3 | Amendment to Stockholder Rights Agreement, dated as of October 2, 2023, between Blackbaud, Inc. and Equiniti Trust Company, LLC (f/k/a American Stock Transfer & Trust Company, LLC), as Rights Agent. | 8-K | 10/2/2023 | 4.2 | |
| 4.4 | Amendment to Stockholder Rights Agreement, dated as of January 26, 2024, between Blackbaud, Inc. and Broadridge Corporate Issuer Solutions, LLC, as Rights Agent. | 8-K | 1/26/2024 | 4.3 | |
| 10.1 | † | Form of Employment Agreement between Blackbaud, Inc. and each of Anthony W. Boor and Kevin W. Mooney | 10-K | 2/27/2013 | 10.65 |
| 10.2 | † | Form of Employment Agreement between Blackbaud, Inc. and Jon W. Olson | 10-K | 2/27/2013 | 10.65 |
| 10.3 | Lease Agreement dated May 16, 2016 between BBHQ1, LLC (a subsidiary of Blackbaud, Inc.) and HPBB1, LLC | 10-Q | 8/4/2016 | 10.84 | |
| 10.4 | First Amendment to Lease Agreement, dated as of August 22, 2016, between HPBB1, LLC and BBHQ1, LLC (a subsidiary of Blackbaud, Inc.) | 10-Q | 11/4/2016 | 10.87 | |
| 10.5 | Second Amendment to Lease Agreement, dated as of May 18, 2017, between HPBB1, LLC and BBHQ1, LLC (a subsidiary of Blackbaud, Inc.) | 10-K | 2/20/2018 | 10.93 | |
| 10.6 | Third Amendment to Lease Agreement, dated as of December 11, 2017, between HPBB1, LLC and BBHQ1, LLC (a subsidiary of Blackbaud, Inc.) | 10-K | 2/20/2018 | 10.94 | |
| 10.7 | Fourth Amendment to Lease Agreement, dated as of February 28, 2018, between HPBB1, LLC and BBHQ1, LLC (a subsidiary of Blackbaud, Inc.) | 10-Q | 5/4/2018 | 10.95 | |
| 10.8 | † | Offer Letter Agreement between Blackbaud, Inc. and Kevin P. Gregoire | 10-Q | 5/3/2019 | 10.96 |
| 10.9 | † | Form of Employee Agreement between Blackbaud, Inc. and Kevin P. Gregoire | 10-Q | 5/3/2019 | 10.97 |
| 10.10 | Fifth Amendment to Lease Agreement, dated as of February 18, 2020, between HPBB1, LLC and BBHQ1, LLC (a subsidiary of Blackbaud, Inc.) | 10-Q | 8/4/2020 | 10.1 | |
| 10.11 | Sixth Amendment to Lease Agreement, dated as of March 17, 2020, between HPBB1, LLC and BBHQ1, LLC (a subsidiary of Blackbaud, Inc.) | 10-Q | 8/4/2020 | 10.2 | |
| 10.12 | Seventh Amendment to Lease Agreement, dated as of April 14, 2020, between HPBB1, LLC and BBHQ1, LLC (a subsidiary of Blackbaud, Inc.) | 10-Q | 8/4/2020 | 10.3 | |
| 10.13 | Eighth Amendment to Lease Agreement, dated as of May 26, 2020, between HPBB1, LLC and BBHQ1, LLC (a subsidiary of Blackbaud, Inc.) | 10-Q | 8/4/2020 | 10.4 | |
| 10.14 | Ninth Amendment to Lease Agreement, dated as of June 8, 2020, between HPBB1, LLC and BBHQ1, LLC (a subsidiary of Blackbaud, Inc.) | 10-Q | 8/4/2020 | 10.5 | |
| Filed In | |||||
|---|---|---|---|---|---|
| ExhibitNumber | Description of Document | Registrant’sForm | Dated | ExhibitNumber | FiledHerewith |
| 10.15 | Tenth Amendment to Lease Agreement, dated as of June 26, 2020, between HPBB1, LLC and BBHQ1, LLC (a subsidiary of Blackbaud, Inc.) | 10-Q | 8/4/2020 | 10.7 | |
| 10.16 | Eleventh Amendment to Lease Agreement, dated as of August 13, 2020, between BBHQ1, LLC and BBHQ1, LLC (a subsidiary of Blackbaud, Inc.) | 10-Q | 11/3/2020 | 10.3 | |
| 10.17 | Amended and Restated Credit Agreement, dated as of October 30, 2020, by and among Blackbaud, Inc., and certain of its subsidiaries, as Borrowers, the lenders referred to therein, Bank of America, N.A., as Administrative Agent, Swingline Lender and Issuing Lender, PNC Bank, National Association, as Syndication Agent, and Regions Bank, BBVA USA and Fifth Third Bank, National Association, as Co-Documentation Agents, with BofA Securities, Inc., PNC Bank, National Association, Regions Capital Markets, BBVA USA and Fifth Third Bank, National Association as Joint Lead Arrangers and Joint Bookrunners | 10-Q | 11/3/2020 | 10.4 | |
| 10.18 | Amended and Restated Pledge Agreement, dated as of October 30, 2020, by Blackbaud, Inc. in favor of Bank of America, N.A., as Administrative Agent, for the ratable benefit of itself and the secured parties referred to therein | 10-Q | 11/3/2020 | 10.5 | |
| 10.19 | † | Form of Employment Agreement between Blackbaud, Inc. and Kevin McDearis | 10-Q | 5/4/2021 | 10.1 |
| 10.20 | LIBOR Transition Amendment, dated as of September 20, 2021, between Blackbaud, Inc. and Bank of America, N.A. | 10-Q | 11/4/2021 | 10.1 | |
| 10.21 | First Incremental Term Loan Agreement, dated as of December 31, 2021, by and among Blackbaud, Inc., the lenders party thereto and Bank of America N.A., as administrative agent | 8-K | 1/3/2022 | 10.1 | |
| 10.22 | Registration Rights Agreement, dated as of December 31, 2021, by and among Blackbaud, Inc., EverFi, Inc., TPG Eon, L.P., each other shareholder party thereto and Eon Stockholder Representative, LLC | 8-K | 1/3/2022 | 10.2 | |
| 10.23 | First Amendment to Credit Agreement, dated as of January 31, 2022, by and among Blackbaud, Inc., the lenders party thereto and Bank of America N.A., as administrative agent | 8-K | 2/3/2022 | 10.1 | |
| 10.24 | LIBOR Transition Amendment, dated as of August 26, 2022, between Blackbaud, Inc. and Bank of America, N.A. | 10-Q | 3/1/2022 | 10.2 | |
| 10.25 | † | Amended and Restated Employment and Noncompetition Agreement dated September 20, 2022 between Blackbaud, Inc. and Michael P. Gianoni | 8-K | 9/21/2022 | 10.1 |
| Filed In | ||||||
|---|---|---|---|---|---|---|
| ExhibitNumber · Description of Document · Registrant’sForm · Dated · ExhibitNumber · FiledHerewith | ||||||
| 10.26 | Consent Agreement, dated as of January 23, 2023, between Blackbaud, Inc. and Bank of America, N.A. | 10-K | 2/24/2023 | 10.30 | ||
| 10.27 | † | Amended and Restated Blackbaud, Inc. 2016 Equity and Incentive Compensation Plan | DEF 14A | 4/25/2023 | Appendix B | |
| 10.28 | Form of Retention Agreement dated as of April 24, 2023 between Blackbaud, Inc. and each of Anthony W. Boor, David J. Benjamin, Kevin P. Gregoire, Kevin R. McDearis, Kevin W. Mooney and Jon W. Olson | 10-Q | 5/4/2023 | 10.1 | ||
| 10.29 | Relocation Agreement dated June 8, 2023 between Blackbaud, Inc. and David J. Benjamin. | 8-K | 6/12/2023 | 10.1 | ||
| 21.1 | Subsidiaries of Blackbaud, Inc. | X | ||||
| 23.1 | Consent of Independent Registered Public Accounting Firm | X | ||||
| 23.2 | Consent of Independent Registered Public Accounting Firm | X | ||||
| 23.3 | Consent of Sidley Austin LLP | 8-K | 4/1/2022 | 23.1 | ||
| 31.1 | Certification by the Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 | X | ||||
| 31.2 | Certification by the Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 | X | ||||
| 32.1 | Certification by the Chief Executive Officer pursuant to 18 U.S.C. 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 | X | ||||
| 32.2 | Certification by the Chief Financial Officer pursuant to 18 U.S.C. 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 | X | ||||
| 97.1 | Blackbaud, Inc. Executive Incentive Compensation Clawback Policy | X | ||||
| 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. | X | ||||
| 101.SCH | Inline XBRL Taxonomy Extension Schema Document | X | ||||
| 101.CAL | Inline XBRL Taxonomy Extension Calculation Linkbase Document | X | ||||
| 101.DEF | Inline XBRL Taxonomy Extension Definition Linkbase Document | X | ||||
| 101.LAB | Inline XBRL Taxonomy Extension Label Linkbase Document | X | ||||
| 101.PRE | Inline XBRL Taxonomy Extension Presentation Linkbase Document | X | ||||
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101). | X | ||||
| † | Indicates management contract or compensatory plan, contract or arrangement. |
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