Charleston, S.C. (February 7, 2018) – Blackbaud, Inc. (NASDAQ: BLKB), the world’s leading cloud software company powering social good, today announced plans to provide a one-time stock award for eligible employees, equivalent to approximately $2,000 (USD).
On the heels of its 2017 fourth quarter and full year earnings announcement, the company said that, based on business performance, outlook and a recent change to federal tax law, it will give a one-time stock award to all full-time employees who do not receive equity as part of the annual Corporate Employee Stock Award Program.
Blackbaud, who was recently named one of Fortune’s 56 Companies Changing the World, Forbes’ Best Employers for Diversity, Forbes’ Most Innovative Growth Companies and Forbes’ America’s Best Midsize Employers for two consecutive years, and recognized with many other regional and national accolades for its performance and workplace culture, says today’s announcement is part of an ongoing commitment to making the Charleston, South Carolina-based tech company the best place to work with the most competitive and compelling benefits in the industry. Blackbaud has approximately 3200 employees in offices around the world.
“We make unmatched investments in R&D so our customers can achieve their most ambitious goals, but it is our people who are the secret sauce behind everything good we do,” said Mike Gianoni, president and CEO of Blackbaud. “They volunteer over 100,000 hours to causes annually, they go above and beyond to pitch in as an extended member of our customers’ teams; they do whatever it takes to help our customers advance global good because they are deeply motivated by the idea that good truly can take over the world. After another strong year of performance with record-level customer satisfaction, it seemed fitting to celebrate our people and make another investment back in them, by ensuring that as owners, they are all participants in our company’s and customers’ success.”
Blackbaud says the awards will be issued on February 28, 2018 and will vest one year later. For more information about Blackbaud, visit www.blackbaud.com.
Blackbaud (NASDAQ: BLKB) is the world’s leading cloud software company powering social good. Serving the entire social good community—nonprofits, foundations, corporations, education institutions, healthcare institutions and individual change agents—Blackbaud connects and empowers organizations to increase their impact through software, services, expertise, and data intelligence. The Blackbaud portfolio is tailored to the unique needs of vertical markets, with solutions for fundraising and CRM, marketing, advocacy, peer-to-peer fundraising, corporate social responsibility, school management, ticketing, grantmaking, financial management, payment processing, and analytics. Serving the industry for more than three decades, Blackbaud is headquartered in Charleston, South Carolina and has operations in the United States, Australia, Canada and the United Kingdom. For more information, visit www.blackbaud.com.
|Public Relations Manager|
Except for historical information, all of the statements, expectations, and assumptions contained in this news release are forward-looking statements which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding: the predictability of our financial results, expectations that our revenue will continue to grow, and expectations that we will achieve our projected 2018 full-year financial guidance. These statements involve a number of risks and uncertainties. Although Blackbaud attempts to be accurate in making these forward-looking statements, it is possible that future circumstances might differ from the assumptions on which such statements are based. In addition, other important factors that could cause results to differ materially include the following: management of integration of acquired companies; uncertainty regarding increased business and renewals from existing customers; a shifting revenue mix that may impact gross margin; continued success in sales growth; risks related to our dividend policy and stock repurchase program, including the possibility that we might discontinue payment of dividends; and the other risk factors set forth from time to time in the SEC filings for Blackbaud, copies of which are available free of charge at the SEC’s website at www.sec.gov or upon request from Blackbaud’s investor relations department. Blackbaud assumes no obligation and does not intend to update these forward-looking statements, except as required by law.