secwatch.observer — SEC 8-K summary
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Issuer:     BLACKBAUD INC (BLKB)
CIK:        0001280058
Form:       8-K/A
Filed at:   2025-02-07T23:59:59+00:00
Accession:  0001280058-25-000005
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.06
LLM model:  deepseek-v4-flash:cloud@v2

Blackbaud narrows EVERFI impairment charge range to $385M-$395M, down from $415M
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- Pre-tax noncash impairment charge estimated between $385M and $395M for EVERFI asset group.
- Original 8-K on Dec 12, 2024 had estimated charge up to $415M; revised range is lower.
- EVERFI business sold effective Dec 31, 2024, announced Jan 2, 2025.
- No future cash expenditures from the impairment charge.
- Full details to be in Form 10-K for year ended Dec 31, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1280058/000128005825000005/0001280058-25-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1280058/000128005825000005/blkb-20241209.htm
  HTML page:      https://secwatch.observer/filing/0001280058-25-000005

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