Blackbaud (BLKB) has released an update.
Michael Gianoni, the President, CEO, and Vice Chairman of the Board of a company, was cited for DUI in South Carolina on February 16, 2024. He is challenging the charges and remains in his executive roles as the Board continues to assess the situation with gravity. This incident, though reported, is not considered officially filed under the Exchange Act nor is it to influence any legal liabilities or documents unless explicitly stated.
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