secwatch / observer
8-K filed March 18, 2024, 7:59 PM ET ticker BLKB CIK 0001280058
other confidence high sentiment neutral materiality 0.35

Blackbaud terminates stockholder rights plan effective March 18, 2024

BLACKBAUD INC

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

BLACKBAUD INC: Filed a Certificate of Elimination to eliminate all provisions of the Certificate of Designations for Series A Preferred Stock, returning those shares to authorized but undesignated preferred stock (effective 2024-03-18).

Change
charter amendment
Effective
2024-03-18
Exact text from the filing
On March 18, 2024, the Company filed a Certificate of Elimination (the “ Certificate of Elimination ”) with the Secretary of State of the State of Delaware eliminating all provisions of the Certificate of Designations previously filed by the Company with the Delaware Secretary of State on October 11, 2022 related to a series of preferred stock designated as Series A Junior Participating Preferred Stock (the “ Series A Preferred Stock ”) established pursuant to the Rights Agreement.
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

BLACKBAUD INC terminated Third Amendment to Stockholder Rights Agreement with Broadridge Corporate Issuer Solutions, LLC (effective 2024-03-18).

Action
termination
Counterparty
Broadridge Corporate Issuer Solutions, LLC
Effective
2024-03-18
Exact text from the filing
On March 18, 2024, Blackbaud, Inc., a Delaware corporation (the “ Company ”), and Broadridge Corporate Issuer Solutions, LLC, a Pennsylvania limited liability company, entered into the Third Amendment to Stockholder Rights Agreement, dated as of March 18, 2024 (the “ Amendment ”), which amended the Stockholder Rights Agreement, dated as of October 7, 2022, by and between the Company and Equiniti Trust Company, LLC (f/k/a American Stock Transfer & Trust Company, LLC), a New York limited liability trust company, as amended by that certain Amendment to Stockholder Rights Agreement, dated as of October 2, 2023, and as further amended by that certain Second Amendment to the Stockholder Rights Agreement, dated as of January 26, 2024 (as amended, the “ Rights Agreement ”). The Amendment terminated the Rights Agreement by accelerating the expiration time of the Company’s preferred share purchase rights (each, a “ Right ” and, collectively, the “ Rights ”) to 5:00 P.M., New York City time, on M
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Source: SEC EDGAR
accession 0001280058-24-000020
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