secwatch.observer — SEC 8-K summary
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Issuer:     BLACKBAUD INC (BLKB)
CIK:        0001280058
Form:       8-K
Filed at:   2025-01-02T23:59:59+00:00
Accession:  0001280058-25-000002
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 2.06, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Blackbaud sells EVERFI business to private investor for nominal consideration; retains YourCause
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- Sale closed Dec 31, 2024; EVERFI transferred to unaffiliated private investment firm for nominal cash and assumption of liabilities.
- Blackbaud retains YourCause portfolio and Impact Edge solution; EVERFI assets and liabilities excluded DC office lease.
- Transition services agreement in place for limited period after closing.
- Company expects to file impairment charge estimate within four business days via amended 8-K.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1280058/000128005825000002/0001280058-25-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1280058/000128005825000002/blkb-20241231.htm
  HTML page:      https://secwatch.observer/filing/0001280058-25-000002

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