Tue, May 27, 12:27 PM (17 days ago)
**Blackbaud, Inc. (BLKB) - 2024 10-K/A Summary** **Company Overview:** Blackbaud, Inc. (BLKB) is a large accelerated filer with a market value of approximately $2,269,744,966 as of June 28, 2024. The company has 49,236,495 shares of common stock outstanding as of February 18, 2025. **Amendment Details:** This 10-K/A amendment corrects the omission of iXBRL tagging in Part I, Item 1C (Cybersecurity) and Part III, Item 10 (Insider Trading Policy) from the original 10-K filing. No other changes were made to the original filing. **Cybersecurity:** Blackbaud emphasizes cybersecurity as a top priority, utilizing a four-prong strategy: 1. Operational security 2. Product security 3. Incident response 4. Ongoing landscape analysis The company integrates cybersecurity into its overall risk management system and engages third-party experts for assessments and incident response. Blackbaud has experienced a ransomware attack in May 2020, which resulted in legal proceedings and potential future claims. **Corporate Governance:** The company has adopted an Insider Trading Policy to promote compliance with applicable laws and Nasdaq listing standards. The policy was filed as Exhibit 19.1 to the 2024 Form 10-K. **Exhibits:** The amendment includes certifications by the Chief Executive Officer and Chief Financial Officer pursuant to the Sarbanes-Oxley Act, as well as Inline XBRL documents. **Future Outlook:** Blackbaud's forward-looking statements highlight potential risks and uncertainties, including cybersecurity threats, legal proceedings, and market conditions. The company undertakes no obligation to update these statements. **Risk Factors:** Key risks include cybersecurity threats, legal proceedings, market conditions, and integration of acquired businesses. For detailed risk factors, refer to Item 1A in the original 10-K filing.