---
schema_version: "secwatch.filing_event.v1"
accession: "0001280058-25-000014"
form_type: "8-K"
ticker: "BLKB"
cik: "0001280058"
company_name: "BLACKBAUD INC"
filed_at: "2025-03-13T23:59:59+00:00"
generated_at: "2026-05-24T20:24:17.194054+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Blackbaud amends CEO Gianoni's bonus to equity-based; modifies severance terms

## Summary
- Annual bonus switches from cash to restricted stock/RSUs; target 100% of base salary (range 0-200%).
- In non-cause/good reason termination, severance bonus now based on average grant-date fair value of prior two years' vested equity bonuses.
- New COBRA premium reimbursement for up to 12 months added for change-in-control termination.
- Death/disability termination now includes accelerated vesting of all unvested equity (including bonus) at actual or target performance.

## SEC filing metadata
- accession: 0001280058-25-000014
- form_type: 8-K
- ticker: BLKB
- cik: 0001280058
- company_name: BLACKBAUD INC
- filed_at: 2025-03-13T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1280058/000128005825000014/0001280058-25-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1280058/000128005825000014/blkb-20250310.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001280058-25-000014
- JSON: https://secwatch.observer/filing/0001280058-25-000014.json
- Plain text: https://secwatch.observer/filing/0001280058-25-000014.txt

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