NoneCHARLESTON, S.C. , Dec. 12, 2024 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today filed a Form 8-K with the United States Securities and Exchange Commission (SEC) stating that the Company concluded a material pre-tax noncash impairment charge, which may be up to approximately $415 million , is required for its EVERFI asset group and will be recorded during the fourth quarter of 2024. As previously disclosed, due to EVERFI performing below expectations, Blackbaud is considering a range of alternatives for EVERFI, one of which includes a potential divestiture of the business. The impairment charge was determined to be necessary as part of this process. "To comply with generally accepted accounting principles, we're planning to record this noncash charge in the fourth quarter," said Mike Gianoni , president, CEO and vice chairman of the board of directors. "We want to emphasize that EVERFI remains well positioned to support its customers and continue helping companies dedicated to social impact reach communities through custom education and workplace solutions for today's key issues. In addition, Blackbaud's core business remains strong, and we are committed to helping customers around the world use technology to drive meaningful social impact. As we determine our long-term strategic approach to the EVERFI business, we will continue to provide updates." Additional details can be found in Blackbaud's Form 8-K filed today with the SEC. About Blackbaud Blackbaud (NASDAQ: BLKB) is the leading software provider exclusively dedicated to powering social impact. Serving the nonprofit and education sectors, companies committed to social responsibility and individual change makers, Blackbaud's essential software is built to accelerate impact in fundraising, nonprofit financial management, digital giving, grantmaking, corporate social responsibility and education management. With millions of users and over $100 billion raised, granted or managed through Blackbaud platforms every year, Blackbaud's solutions are unleashing the potential of the people and organizations who change the world. Blackbaud has been named to Newsweek's list of America's Most Responsible Companies, Quartz's list of Best Companies for Remote Workers, and Forbes' list of America's Best Employers. A remote-first company, Blackbaud has operations in the United States , Australia , Canada , Costa Rica , India and the United Kingdom , supporting users in 100+ countries. Learn more at www.blackbaud.com or follow us on X/Twitter , LinkedIn , Instagram and Facebook . Media Inquiries media@blackbaud.com Forward-looking Statements Except for historical information, all of the statements, expectations and assumptions contained in this Current Report on Form 8-K are forward- looking statements that are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding the Company's estimates regarding the impairment charge related to the EVERFI assets. These statements involve a number of risks and uncertainties. Although we attempt 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 risk factors set forth from time to time in our filings with the Securities and Exchange Commission (the "SEC"), copies of which are available free of charge at the SEC's website at www.sec.gov or upon request from our investor relations department. We assume no obligation and do not intend to update these forward- looking statements, except as required by law. View original content to download multimedia: https://www.prnewswire.com/news-releases/blackbaud-announces-impairment-charge-related-to-everfi-assets-302330791.html SOURCE BlackbaudAs 2024 draws to a close, my hands are full of deadlines, but I cannot sacrifice my love of life – writing pieces on topical issues. Several issues are craving for attention: tax reform, petroleum pricing, and NNPCL shenanigan, some politicians dancing naked in a market square, death of some hungry compatriots in stumped trying to receive handouts called palliative and the rest. As I was pitying Ms Kemi Badenock for her gross inferiority complex for castigating her motherland, Nigeria, I came across the story of Samuel Olalekan Akinyemi. My Nigerianess blazed up like wildfire, and I could not help but share the story with my esteemed readers. I am an ardent believer in Nigeria and love it with all my strength; except for my relationship with my creator, the Almighty Allah, my emotional prowess is centered on Nigeria. It is not a perfect country, but it was specially created to be great and is still evolving. Is Nigeria a great country? Nigeria is 64 years old as an independent nation, free from colonialism, and 110 years old as a nation called Nigeria. The amalgamation of British colonies, northern and southern protectorates, as a single country, Nigeria, in 1914, was done by fiat without consultation with the people. Under colonization, the land, contents, and people were considered booties of the colonial masters. Some people felt, and still think, that the amalgamation was an “accident of history,” which shouldn’t have been; how can over “200 nations” be fiercely jam-packed as “one nation”? Nevertheless, the country survived the political, religious, and tribal turmoil, plundering, and kleptomania over many decades, still wearing the toga of the potentially “great nation of the 21st century.” The saying “on the same level, half-full is better than half-empty” depicts the global image of Nigeria. The equation, events at home, poor governance exacerbated by kleptocracy and massive insecurity, and a few dedicated, hardworking Nigerians are balanced by bad ambassadors and many dedicated Nigerians abroad. No matter how bad we feel about our country, we should be comforted by watching and hearing about dedicated and honest Nigerians excelling at home and overseas. This makes us think our nation’s developmental trajectory is trending towards “half-full” rather than “half-empty.” Who are these great Nigerians who make us proud? Samuel Olalekan Akinyemi is undoubtedly one of the most nuanced personalities globally. Dr. Samuel Olalekan Akinyemi, a Nigerian-born doctor, once toiled as a laborer on construction sites before embarking on a transformative journey. His recent breakthrough in discovering a pioneering cancer vaccine in Russia is a testament to his unwavering dedication and the global battle against cancer. Born in 1994, Dr. Akinyemi, now a 30-year-old oncologist at the Ufa Clinic of the Bashkir State Medical University, has defied all odds. His journey, from the streets of Lagos to global medical acclaim, is a story of sheer determination and resilience. Dr. Akinyemi attended United Methodist Grammar School for his secondary education and completed. Inspired by his father’s profession, he initially pursued his undergraduate studies in civil engineering. During an interview with Report Africa, Dr. Akinyemi shared his journey: “I followed in my father’s footsteps into construction, although I have always wanted to become a doctor. After finishing my studies at university, I could have gone to Turkey or Finland. But when I learned about the recruitment of applicants to be sent to Russian medical universities, I realised that this was my chance.” In 2012, he completed his National Youth Service Corps (NYSC) in Nigeria before moving to Russia in 2015 to study medicine at Bashkir State Medical University in Ufa. His academic prowess and dedication to his studies are truly commendable. His parents were very supportive, agreeing to fund his education. He studied Russian for six months in Volgograd under the guidance of a Nigerian curator recruiting applicants. There, he learned the Russian language for six months. In interviews, Dr. Akinyemi has expressed gratitude for the support of his parents throughout his educational journey. He enjoys working at the BSMU Clinic due to its modern equipment and supportive colleagues. During his tenure at the university, Dr. Akinyemi demonstrated a keen interest in urology and oncology, which later became the focal point of his research and professional career. His commitment to these specialties is evident through his numerous publications and contributions to the medical field. In 2021, Samuel received Russian citizenship. On December 13-14, 2019, he participated in the 10th Volga Region Surgery Olympiad at Samara State Medical University. In the “Craniotomy” competition, he placed second. Dr. Akinyemi has conducted extensive research into cancer treatments and vaccines and has published numerous research papers and articles. He is multilingual, speaking German (Deutsch), Russian, Yoruba, and English. Vaccine development is mostly teamwork, with each participating scientist benefitting from the credit. The innovative cancer vaccines aim to provide tailored solutions for individual patients, marking a significant shift in cancer treatment. Pioneered by leading institutions and bolstered by state funding, this ambitious endeavor highlights Russia’s commitment to advancing medical science amidst growing challenges in cancer care. The vaccine’s innovation lies in its precision. By analyzing a malignant tumor’s genetic and molecular characteristics, scientists can craft a therapeutic agent that “teaches” the immune system to identify and destroy cancer cells while sparing healthy tissue. Russian oncologists have emphasized the complexity and potential of these vaccines. With RNA technology, the vaccine trains the body’s cells to produce proteins that mimic those found in cancer cells. These proteins act as signals for the immune system, prompting cytotoxic lymphocytes—specialized immune cells—to target and destroy the tumors. Dr Samuel Olalekan Akinyemi played a massive role in this stage as the only foreign robotic surgeon in Russia. Dr. Akinyemi is a highly esteemed figure who has received the most prestigious global accolades in his career in his second country, Russia. He stands as a shining example of Nigerian excellence, with many others like him from different parts of Nigeria: the east, west, and north. His remarkable achievements, both in Nigeria and abroad, are a source of immense pride for us all.
WASHINGTON (AP) — President-elect Donald Trump on Tuesday reached a required agreement with President Joe Biden’s White House to allow his transition staff to coordinate with the existing federal workforce before taking office on Jan. 20. The congressionally mandated agreement allows transition aides to work with federal agencies and access non-public information and gives a green light to government workers to talk to the transition team. But Trump has declined to sign a separate agreement with the General Services Administration that would have given his team access to secure government offices and email accounts, in part because it would require that the president-elect limit contributions to $5,000 and reveal who is donating to his transition effort. The White House agreement was supposed to have been signed by Oct. 1, according to the Presidential Transition Act, and the Biden White House had issued both public and private appeals for Trump’s team to sign on. The agreement is a critical step in ensuring an orderly transfer of power at noon on Inauguration Day, and lays the groundwork for the White House and government agencies to begin to share details on ongoing programs, operations and threats. It limits the risk that the Trump team could find itself taking control of the massive federal government without briefings and documents from the outgoing administration. As part of the agreement with the White House, Trump’s team will have to publicly disclose its ethics plan for the transition operation and make a commitment to uphold it, the White House said. Transition aides must sign statements that they have no financial positions that could pose a conflict of interest before they receive access to non-public federal information. Biden himself raised the agreement with Trump when they met in the Oval Office on Nov. 13, according to the White House, and Trump indicated that his team was working to get it signed. Trump chief of staff-designate Susie Wiles met with Biden’s chief of staff Jeff Zients at the White House on Nov. 19 and other senior officials in part to discuss remaining holdups, while lawyers for the two sides have spoken more than a half-dozen times in recent days to finalize the agreement. “Like President Biden said to the American people from the Rose Garden and directly to President-elect Trump, he is committed to an orderly transition,” said White House spokesperson Saloni Sharma. “President-elect Trump and his team will be in seat on January 20 at 12 pm – and they will immediately be responsible for a range of domestic and global challenges, foreseen and unforeseen. A smooth transition is critical to the safety and security of the American people who are counting on their leaders to be responsible and prepared.” Without the signed agreement, Biden administration officials were restricted in what they could share with the incoming team. Trump national security adviser-designate Rep. Mike Waltz met recently with Biden national security adviser Jake Sullivan, but the outgoing team was limited in what it could discuss. “We are doing everything that we can to effect a professional and an orderly transition,” White House national security spokesman John Kirby told reporters on Monday. “And we continue to urge the incoming team to take the steps that are necessary to be able to facilitate that on their end as well.” “This engagement allows our intended Cabinet nominees to begin critical preparations, including the deployment of landing teams to every department and agency, and complete the orderly transition of power,” said Wiles in a statement. The Trump transition team says it would disclose its donors to the public and would not take foreign donations. A separate agreement with the Department of Justice to coordinate background checks for vetting and security clearances is still being actively worked on and could be signed quickly now that the White House agreement is signed. The agency has teams of investigators standing by to process clearances for Trump aides and advisers once that document is signed. That would clear the way for transition aides and future administration appointees and nominees to begin accessing classified information before Trump takes office. Some Trump aides may hold active clearances from his first term in office or other government roles, but others will need new clearances to access classified data. Trump’s team on Friday formally told the GSA that they would not utilize the government office space blocks from the White House reserved for their use, or government email accounts, phones and computers during the transition. The White House said it does not agree with Trump’s decision to forgo support from the GSA, but is working on alternate ways to get Trump appointees the information they need without jeopardizing national security. Federal agencies are receiving guidance on Tuesday on how to share sensitive information with the Trump team without jeopardizing national security or non-public information. For instance, agencies may require in-person meetings and document reviews since the Trump team has declined to shift to using secure phones and computers. For unclassified information, agencies may ask Trump transition staff to attest that they are taking basic safeguards, like using two-factor authentication on their accounts.New York City FC will have the privilege of hosting the first-ever playoff Hudson River Derby against the New York Red Bulls in Saturday's Eastern Conference semifinal. Sixth-seeded NYCFC outlasted FC Cincinnati in a best-of-three Round 1 series despite losing the opening game. Alonso Martinez, Thiago Martins and Santiago Rodriguez scored in an impressive 3-1 home win to level the series, and then NYCFC prevailed on penalties in the deciding match following a 0-0 draw. New York City also have the form sheet on their side, winning both regular-season meetings against the Red Bulls, which ultimately proved the difference in finishing the season three points higher in the East standings and earning the right to play Saturday's historic fixture in Queens. "We're really proud that we're going to have 24-25,000 of our people in there, but we have to play our part in getting the atmosphere (going) and delivering a performance," NYCFC coach Nick Cushing said. "I think together, if our fans bring the passion and are right behind us from the off, and we play on the front foot, I think it will give us every chance of putting in a good performance." NYCFC throttled the seventh-seeded Red Bulls 5-1 in New Jersey in their final regular-season meeting in late September. But that game proved to be a turning point for RBNY and coach Sandro Schwarz, who held one-on-one meetings with his players in the following days to try and address an extended slump in form. "We know how they played against us," Schwarz said. "We know how we played, especially the last game in our stadium was tough. The days after the game was tough. But now it's new competition." Attacking midfielder Emil Forsberg also made his first start in nearly four months in the following match, a 4-1 romp past Toronto. The Swedish veteran -- who had a prolonged recovery from a foot injury -- has spearheaded an attack that looked much improved in their Round 1 sweep of the defending MLS Cup champion Columbus Crew. That included a goal and an assist in the 2-2 draw in Game 2 before RBNY prevailed on penalties. --Field Level Media
Yankees acquire Brewers closer Devin Williams