Blackbaud (BLKB) names EVP Anthony Boor to board with change-in-control protections
Rhea-AI Filing Summary
Blackbaud, Inc. appointed Anthony W. Boor, its Executive Vice President of Corporate Development and Strategy, to the Board of Directors effective August 5, 2026. He joins as a Class A director with a term expiring at the 2029 annual meeting of stockholders and will continue in his current executive role. The Board has not yet determined any committee assignments for him.
Boor previously served as Blackbaud’s Executive Vice President and Chief Financial Officer and Principal Accounting Officer from November 2011 to April 2025 and was interim President and Chief Executive Officer from August 2013 to January 2014. Under an existing retention agreement, if his employment is terminated within 12 months following a change in control of Blackbaud, he is eligible for a cash payment equal to 1.5 times his base salary, accelerated vesting of all unvested equity awards, and up to 12 months of reimbursed COBRA premiums. His current annual base salary is $518,578, with an annual equity incentive bonus target equal to 75% of base salary. He participates in officer compensation and benefit programs but does not participate in the company’s non-employee director compensation program.
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8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Key Figures
Annual base salary: $518,578
Equity incentive bonus target: 75% of annual base salary
Change in control cash multiple: 1.5 times base salary
+2 more
5 metrics
Annual base salary
$518,578
Annual base salary for Anthony W. Boor as Executive Vice President of Corporate Development and Strategy
Equity incentive bonus target
75% of annual base salary
Target annual equity incentive bonus for Anthony W. Boor
Change in control cash multiple
1.5 times base salary
Cash severance multiple if employment terminates within 12 months following a change in control
COBRA premium reimbursement period
up to 12 months
Maximum period for reimbursed COBRA premiums under retention agreement after qualifying termination
Board term end
2029 annual meeting
Anthony W. Boor’s term as Class A director expires at the 2029 annual meeting of stockholders
Key Terms
Class A director, retention agreement, change in control, COBRA premiums, +1 more
5 terms
Class A director regulatory
"Mr. Boor joined the Board as a Class A director, and his term will expire"
A Class A director is a member of a company’s board chosen under a specific category of directors that carries particular voting rights, term length, or selection rules. Think of it like a reserved seat at a table with its own rules: who can fill it, how long they stay, and how much say they have. Investors care because these distinctions affect who controls decisions, corporate stability, and how easily the board can change after shareholders push for new leadership.
retention agreement financial
"The Company and Mr. Boor entered into a retention agreement effective April 24, 2023"
change in control financial
"if Mr. Boor's employment is terminated within 12 months following a change in control"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
equity incentive bonus financial
"his annual equity incentive bonus target is 75% of his annual base salary"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What board change did Blackbaud (BLKB) disclose on August 5, 2026?
Blackbaud appointed Anthony W. Boor to its Board of Directors as a Class A director. His term runs until the 2029 annual meeting while he continues as Executive Vice President of Corporate Development and Strategy.
What is Anthony W. Boor’s role and background at Blackbaud (BLKB)?
Anthony W. Boor is Executive Vice President of Corporate Development and Strategy and now a director. He previously served as Executive Vice President and Chief Financial Officer from 2011 to 2025 and as interim President and CEO from 2013 to 2014.
What severance protections does Anthony W. Boor have at Blackbaud (BLKB)?
Under a retention agreement, if Boor’s employment ends within 12 months after a change in control, he may receive 1.5 times base salary, full vesting of equity awards, and up to 12 months of reimbursed COBRA premiums.
What are Anthony W. Boor’s key compensation terms at Blackbaud (BLKB)?
As Executive Vice President of Corporate Development and Strategy, Boor’s annual base salary is $518,578, and his annual equity incentive bonus target equals 75% of his base salary, plus participation in standard officer benefit programs.
Does Anthony W. Boor receive director fees at Blackbaud (BLKB)?
Boor does not participate in Blackbaud’s director compensation program because it applies only to non-employee directors. He is compensated solely under his existing executive compensation and benefit arrangements.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 5, 2026
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Securities Registered Pursuant to Section 12(b) of the Act: | ||||||||
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 5, 2026, the Board of Directors (the “Board”) of Blackbaud, Inc. (the “Company”) appointed Anthony W. Boor as a new member of the Board. Mr. Boor currently serves as the Company’s Executive Vice President of Corporate Development and Strategy and will continue in that role. Mr. Boor joined the Board as a Class A director, and his term will expire with the terms of the other Class A directors at the 2029 annual meeting of stockholders. No determination has been made regarding whether Mr. Boor will be named to any committees of the Board.
From November 2011 to April 2025, Mr. Boor was the Company’s Executive Vice President and Chief Financial Officer and Principal Accounting Officer and served as the Company’s interim President and Chief Executive Officer from August 2013 to January 2014. Prior to joining the Company, he served as an executive with Brightpoint, Inc., a global provider of device lifecycle services to the wireless industry, beginning in 1999, most recently as its Executive Vice President, Chief Financial Officer and Treasurer. He also served as the interim President of Europe, Middle East and Africa during Brightpoint's significant restructuring of that region. Mr. Boor served as Director of Business Operations for Brightpoint North America from August 1998 to July 1999. Prior to joining Brightpoint, Mr. Boor was employed in various financial positions with Macmillan Computer Publishing, Inc., a Viacom owned book publishing company specializing in computer hardware and software related topics, Day Dream Publishing, Inc., a publishing company specializing in calendars, posters and time management materials, Ernst & Young LLP, an accounting firm, Expo New Mexico, a state-owned fair and expo grounds and live pari-mutual horse racing venue, KPMG LLP, an accounting firm, and Ernst & Whinney LLP, an accounting firm. He holds a BS in Accounting from New Mexico State University.
The Company and Mr. Boor entered into a retention agreement effective April 24, 2023, in substantially the form previously filed by the Company as Exhibit 10.1 to its Form 10-Q on May 4, 2023. Pursuant to the retention agreement, if Mr. Boor's employment is terminated within 12 months following a change in control of the Company (as defined in the retention agreement), the Company would be obligated to pay him 1.5 times his base salary, accelerate and fully vest any then-unvested stock options and other equity awards and reimburse COBRA premiums for him for up to 12 months. As Executive Vice President of Corporate Development and Strategy, Mr. Boor’s annual base salary is $518,578, his annual equity incentive bonus target is 75% of his annual base salary and he is entitled to participate in the compensation and benefit programs available to other Company officers. Mr. Boor is not entitled to participate in the Company’s director compensation program, which is available to non-employee directors only. Except as described above, there are no transactions with the Company in which Mr. Boor has an interest requiring disclosure under Item 404(a) of Regulation S-K under the Securities Exchange Act of 1934, as amended.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
BLACKBAUD, INC. | ||||||||||||||
Date: | August 10, 2026 | /s/ Chad M. Anderson | ||||||||||||
Chad M. Anderson | ||||||||||||||
Executive Vice President and Chief Financial Officer | ||||||||||||||
(Principal Financial and Accounting Officer) | ||||||||||||||