Business Context and Reporting Period
This Form 8-K Current Report was filed by Blackbaud, Inc. on August 5, 2026. The filing discloses a corporate governance event involving the appointment of a new member to the Board of Directors.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel and governance matters rather than financial performance.
Material Changes
The primary material change reported is the appointment of Anthony W. Boor as a new member of the Board of Directors. Mr. Boor, who currently serves as the Company's Executive Vice President of Corporate Development and Strategy, was appointed as a Class A director. His term will expire at the 2029 annual meeting of stockholders. No determination has been made regarding his assignment to specific Board committees.
Management Commentary, Risks, and Unusual Items
Compensatory Arrangements: Mr. Boor is subject to a retention agreement effective April 24, 2023. Under this agreement, if his employment is terminated within 12 months following a change in control, the Company is obligated to pay 1.5 times his base salary, accelerate and fully vest unvested stock options and equity awards, and reimburse COBRA premiums for up to 12 months.
Current Compensation: As Executive Vice President of Corporate Development and Strategy, Mr. Boor's annual base salary is $518,578, with an annual equity incentive bonus target of 75% of his base salary. He is not entitled to participate in the director compensation program reserved for non-employee directors.
Risks and Contingencies: The filing does not disclose new material risks or contingencies beyond the standard change-in-control provisions outlined in the retention agreement.
Important Facts for Investors to Verify
- Anthony W. Boor's dual role as an executive officer and newly appointed Class A director.
- The specific terms of the retention agreement, including the 1.5x base salary severance and equity acceleration upon a change in control.
- Mr. Boor's exclusion from the non-employee director compensation program.
- The expiration date of Mr. Boor's director term (2029 annual meeting).