Business Context and Reporting Period
This Form 8-K Current Report was filed by Blackbaud, Inc. on December 22, 2009, regarding an event that occurred on December 18, 2009. The filing addresses a change in the Company's Board of Directors.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to corporate governance updates and does not contain financial performance data.
Material Changes
The material change reported is the resignation of Marco W. Hellman from the Board of Directors, effective December 31, 2009.
Management Commentary and Risks
- Reason for Resignation: Mr. Hellman's departure is due to his increasing responsibilities as the managing director of HMI Capital, LLC.
- Disagreement Status: The Company explicitly states that the resignation was not related to any disagreement with the Company regarding its operations, policies, or practices.
- Outlook: No financial guidance or future outlook is provided in this filing.
Key Facts for Investor Verification
- Marco W. Hellman is resigning as a Director effective December 31, 2009.
- The resignation is voluntary and driven by external professional commitments, not internal disputes.
- Timothy V. Williams, Senior Vice President and Chief Financial Officer, signed the report on behalf of the registrant.