Blackbaud extends stockholder rights plan to Oct 2024, seeking ratification at 2024 annual meeting

BLACKBAUD INC

Amendment effective Oct 2, 2023, extends rights plan expiration from Oct 2, 2023 to Oct 2, 2024.
All other terms of the October 2022 Rights Plan remain unchanged; board unanimously approved.
Extension intended to protect against open-market accumulation without control premium.
Company will submit amendment for stockholder ratification at the 2024 annual meeting.
Equiniti Trust Company continues as rights agent.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

BLACKBAUD INC amended Amendment to the Stockholder Rights Agreement with Equiniti Trust Company, LLC (effective 2023-10-02).

Action: amendment
Counterparty: Equiniti Trust Company, LLC
Effective: 2023-10-02

Exact text from the filing

On October 2, 2023, Blackbaud, Inc., a Delaware corporation (the “ Company ”), and Equiniti Trust Company, LLC (f/k/a American Stock Transfer & Trust Company, LLC), as rights agent (the “ Rights Agent ”), entered into the Amendment to the Stockholder Rights Agreement, dated as of October 2, 2023 (the “ Amendment ”), which amended the Stockholder Rights Agreement, dated as of October 7, 2022 (the “ Rights Agreement ”), by and between the Company and the Rights Agent.

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Source: SEC EDGAR

accession 0001280058-23-000038

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