---
schema_version: "secwatch.filing_event.v1"
accession: "0001280058-24-000040"
form_type: "8-K"
ticker: "BLKB"
cik: "0001280058"
company_name: "BLACKBAUD INC"
filed_at: "2024-05-15T23:59:59+00:00"
generated_at: "2026-06-01T22:45:11.519298+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Blackbaud Board Says Clearlake's $80/Share Offer Significantly Undervalues Company

## Summary
- On May 15, 2024, Blackbaud board rejected Clearlake's April 14 non-binding offer of $80 per share in cash.
- Board unanimously concluded that the $80/share offer significantly undervalues the company and is not in best interests of stockholders.
- Board expressed confidence in ability to deliver 'significant, sustainable value' for stockholders far exceeding $80 per share.
- Decision followed consultation with independent financial and legal advisors.

## SEC filing metadata
- accession: 0001280058-24-000040
- form_type: 8-K
- ticker: BLKB
- cik: 0001280058
- company_name: BLACKBAUD INC
- filed_at: 2024-05-15T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1280058/000128005824000040/0001280058-24-000040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1280058/000128005824000040/blkb-20240515.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001280058-24-000040
- JSON: https://secwatch.observer/filing/0001280058-24-000040.json
- Plain text: https://secwatch.observer/filing/0001280058-24-000040.txt

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