secwatch.observer — SEC 8-K summary
======================================

Issuer:     BLACKBAUD INC (BLKB)
CIK:        0001280058
Form:       8-K
Filed at:   2025-12-22T23:59:59+00:00
Accession:  0001280058-25-000060
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Blackbaud enters new CEO employment agreement with Gianoni through 2027; base salary $800k, annual equity target $6-12M
--------------------------------------------------------------------------------

- Term Jan 1, 2026 to Dec 31, 2027 with Board option to renew for one-year terms.
- Base salary unchanged at $800k; annual equity bonus target 100% of base salary (0-200% range).
- Annual equity grant target value $6M-$12M (0-250% range), 1/3 vesting on each anniversary.
- Severance on without-cause/good-reason termination: 24 months base salary, 12-month accelerated vesting of time-based awards.
- Change-in-control severance includes accelerated full vesting of all equity and COBRA for 12 months.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1280058/000128005825000060/0001280058-25-000060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1280058/000128005825000060/blkb-20251217.htm
  HTML page:      https://secwatch.observer/filing/0001280058-25-000060

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer