Business Context and Reporting Period
This Form 8-K Current Report was filed by Blackbaud, Inc. on November 22, 2005, covering events that occurred on November 21, 2005. The filing addresses Item 8.01 (Other Events) regarding the distribution of common stock by the company's majority stockholders to their respective investors.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is strictly informational regarding equity distribution and does not contain financial performance data.
Material Changes
The primary event reported is the distribution of Blackbaud common stock held by two major private equity firms to their underlying investors:
- Hellman & Friedman (H&F): Distributed 8,750,000 shares of Blackbaud common stock held by H&F Capital Partners III, L.P. and its affiliates.
- JMI Equity Fund IV (JMI): Distributed 1,067,557 shares of Blackbaud common stock held by JMI Equity Fund IV and its affiliates.
Total shares distributed in this event: 9,817,557.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for future guidance, management outlook, specific risks, contingencies, or unusual items beyond the stock distribution event.
Investor Verification Checklist
- Verify the total number of shares distributed (9,817,557) and the specific entities involved (H&F and JMI).
- Confirm the impact of these distributions on the company's public float and share ownership structure.
- Check subsequent filings for any related changes in beneficial ownership reporting (Form 4 or 13F).