secwatch.observer — SEC 8-K summary
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Issuer:     BLACKBAUD INC (BLKB)
CIK:        0001280058
Form:       8-K
Filed at:   2025-12-05T23:59:59+00:00
Accession:  0001280058-25-000055
Event type: other
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Blackbaud updates LTI equity retirement program, raising age/service requirement to 65
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- Minimum combined age and years of service increased from 62 to 65 for equity award eligibility.
- New minimum retirement age of 60; at least 5 years continuous service required.
- Performance-based LTI awards now also eligible for post-retirement vesting.
- Changes apply only to annual LTI grants on or after January 1, 2026; outstanding awards unaffected.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1280058/000128005825000055/0001280058-25-000055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1280058/000128005825000055/blkb-20251201.htm
  HTML page:      https://secwatch.observer/filing/0001280058-25-000055

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