Blackbaud extends existing stockholder rights plan

Blackbaud announced that its Board of Directors has unanimously approved an amendment to the company’s existing stockholder rights plan, pursuant to which the expiration date has been extended from October 2, 2023 to October 2, 2024. All other terms and conditions of the Rights Plan previously adopted in October 2022 remain unchanged. The company expects to submit the amendment to the Rights Plan to the company’s stockholders for ratification at the company’s upcoming 2024 annual meeting of stockholders.