---
schema_version: "secwatch.filing_event.v1"
accession: "0001280058-24-000017"
form_type: "8-K"
ticker: "BLKB"
cik: "0001280058"
company_name: "BLACKBAUD INC"
filed_at: "2024-03-04T23:59:59+00:00"
generated_at: "2026-06-05T04:35:25.962280+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Blackbaud announces $200M accelerated share repurchase, plans to buy back 7-10% of shares by end of 2024

## Summary
- Intends to repurchase 7-10% of outstanding common stock through end of 2024 under $500M board authorization.
- Entered $200M ASR with Bank of America; initial delivery of 2.1M shares on March 5, 2024.
- Since Dec 2023, repurchased $77M in common stock ($41M prior to Jan 17 authorization expansion).
- Funding from cash, operating cash flow, and borrowings; expects ~$390M outstanding under credit facility after ASR.
- CEO states stock is undervalued and confident in operating plan driving free cash flow.

## SEC filing metadata
- accession: 0001280058-24-000017
- form_type: 8-K
- ticker: BLKB
- cik: 0001280058
- company_name: BLACKBAUD INC
- filed_at: 2024-03-04T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1280058/000128005824000017/0001280058-24-000017-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1280058/000128005824000017/blkb-20240303.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001280058-24-000017
- JSON: https://secwatch.observer/filing/0001280058-24-000017.json
- Plain text: https://secwatch.observer/filing/0001280058-24-000017.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.