MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
−Removed: Our common stock is trading on the Nasdaq Stock Market LLC (“Nasdaq”) under the symbol “BLKB.” As of February 17, 2023, there were approximately 138 stockholders of record of our common stock.
+Added: Our common stock is trading on the Nasdaq Stock Market LLC (“Nasdaq”) under the symbol “BLKB.” According to the records of our transfer agent, as of February 14, 2024, there were approximately 109 stockholders of record of our common stock.
Because many of our shares of common stock are held by brokers and other institutions on behalf of stockholders, this number is not representative of the total number of beneficial owners of our stock.
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The following performance graph shall not be deemed to be “soliciting material” or “filed” or incorporated by reference in future filings with the SEC, or subject to the liabilities of Section 18 of the Exchange Act except as shall be expressly set forth by specific reference in such filing.
−Removed: The performance graph compares the performance of our common stock to the Nasdaq Composite Index, the Nasdaq Computer Index and the Nasdaq Computer and Data Processing Index.
−Removed: The Nasdaq Computer Index has replaced the the Nasdaq Computer and Data Processing Index in this analysis as the Nasdaq Computer and Data Processing Index is no longer considered widely recognized and used.
+Added: The performance graph compares the performance of our common stock to the Nasdaq Composite Index and the Nasdaq Computer Index.
The graph covers the most recent five-year period ended December 31, 2023.
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Nasdaq Computer Index 100.00 148.27 233.26 296.23 192.48 315.60
−Removed: Nasdaq Computer & Data Processing Index 100.00 91.84 125.86 184.56 234.05 144.30
2023 Form 10-K
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Issuer Purchases of Equity Securities
−Removed: The following table provides information about shares of common stock acquired or repurchased during the three months ended December 31, 2022 under the stock repurchase program then in effect, as well as common stock withheld by us to satisfy the minimum tax obligations of employees due upon vesting of restricted stock awards and units.
+Added: The following table provides information about shares of common stock acquired or repurchased during the three months ended December 31, 2023 under our stock repurchase program as then in effect, as well as common stock withheld by us to satisfy the minimum tax obligations of employees due upon vesting of restricted stock awards and units.
purchased (1)
share Total number
−Removed: plans or programs
(in thousands) (2)
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Total 225,787 $ 84.72 221,836 $ 231,169
−Removed: (1) Includes 5,486 shares in November withheld by us to satisfy the minimum tax obligations of employees due upon vesting of restricted stock awards and units.
+Added: (1) Includes 3,951 shares (3,194 in November and 757 in December) withheld by us to satisfy the minimum tax obligations of employees due upon vesting of restricted stock awards and units.
The level of this acquisition activity varies from period to period based upon the timing of award grants and vesting.
(2) In December 2021, our Board of Directors reauthorized and replenished our stock repurchase program to authorize us to purchase up to $250.0 million of our outstanding shares of common stock.
+Added: On January 17, 2024, our Board of Directors reauthorized, expanded and replenished our stock repurchase program by raising the total capacity under the program from $250.0 million to $500.0 million available for repurchases.
The program does not have an expiration date.
−Removed: As a part of a series of measures to better enable us to weather the extraordinary business challenges occasioned by COVID-19 and further effect our long-term strategy to deliver the greatest value to our stockholders, we announced on April 6, 2020 that our Board of Directors had rescinded its previously announced policy to pay an annual dividend at a rate of $0.48 per share of common stock and discontinued the declaration and payment of all cash dividends beginning with the second quarter of 2020 and thereafter until such time, if any, as the Board of Directors may determine in its sole discretion.
−Removed: As a result, we paid a first quarter dividend of $0.12 per share in 2020 resulting in aggregate dividend payments to stockholders of $6.0 million, but no further dividends were declared or paid in 2020, 2021 or 2022.
−Removed: We currently do not anticipate declaring or paying any cash dividends for the foreseeable future.
+Added: We have not declared or paid any cash dividends on our common stock since the first quarter of 2020, and we do not presently plan to pay cash dividends on our common stock in the foreseeable future.
+Added: Payment of future cash dividends, if any, will be at the discretion of our board of directors after taking into account various factors, including our financial condition, operating results, current and anticipated cash needs, outstanding indebtedness, plans for expansion and restrictions imposed by our debt arrangements, if any.
2023 Form 10-K
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.