Blackbaud Management
Management criteria checks 2/4
Blackbaud's CEO is Mike Gianoni, appointed in Jan 2014, has a tenure of 10.92 years. total yearly compensation is $9.60M, comprised of 8.3% salary and 91.7% bonuses, including company stock and options. directly owns 0.69% of the company’s shares, worth $26.26M. The average tenure of the management team and the board of directors is 6.7 years and 2.4 years respectively.
Key information
Mike Gianoni
Chief executive officer
US$9.6m
Total compensation
| CEO salary percentage | 8.3% |
| CEO tenure | 10.9yrs |
| CEO ownership | 0.7% |
| Management average tenure | 6.7yrs |
| Board average tenure | 2.4yrs |
Recent management updates
Recent updates
Blackbaud: This Story Is Souring Quickly (Rating Downgrade)
Nov 28Blackbaud: Good Value As The Company Steps Up Buybacks, Improves Margins
Sep 17Blackbaud: With Offer On The Table, This Company Is Convinced It's Worth More
Jun 28Unpleasant Surprises Could Be In Store For Blackbaud, Inc.'s (NASDAQ:BLKB) Shares
Apr 15
Does Blackbaud (NASDAQ:BLKB) Have A Healthy Balance Sheet?
Mar 28Is There An Opportunity With Blackbaud, Inc.'s (NASDAQ:BLKB) 41% Undervaluation?
Mar 06What Does Blackbaud, Inc.'s (NASDAQ:BLKB) Share Price Indicate?
Feb 02Blackbaud: Improving Trends, Wrong Price
Jan 30The Returns On Capital At Blackbaud (NASDAQ:BLKB) Don't Inspire Confidence
Dec 28Blackbaud (NASDAQ:BLKB) Has A Pretty Healthy Balance Sheet
Dec 11A Look At The Fair Value Of Blackbaud, Inc. (NASDAQ:BLKB)
Nov 25Is Now The Time To Look At Buying Blackbaud, Inc. (NASDAQ:BLKB)?
Oct 26Blackbaud (NASDAQ:BLKB) Is Reinvesting At Lower Rates Of Return
Sep 25Blackbaud (NASDAQ:BLKB) Seems To Use Debt Quite Sensibly
Aug 31Estimating The Fair Value Of Blackbaud, Inc. (NASDAQ:BLKB)
Aug 07Is It Too Late To Consider Buying Blackbaud, Inc. (NASDAQ:BLKB)?
Jul 15Should You Think About Buying Blackbaud, Inc. (NASDAQ:BLKB) Now?
Mar 28Estimating The Intrinsic Value Of Blackbaud, Inc. (NASDAQ:BLKB)
Feb 27Blackbaud (NASDAQ:BLKB) May Have Issues Allocating Its Capital
Feb 06We Think Blackbaud (NASDAQ:BLKB) Has A Fair Chunk Of Debt
Dec 26Is Now The Time To Look At Buying Blackbaud, Inc. (NASDAQ:BLKB)?
Nov 26Is Blackbaud, Inc. (NASDAQ:BLKB) Trading At A 44% Discount?
Oct 30CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$53m |
| Jun 30 2024 | n/a | n/a | US$41m |
| Mar 31 2024 | n/a | n/a | US$22m |
| Dec 31 2023 | US$10m | US$800k | US$2m |
| Sep 30 2023 | n/a | n/a | -US$25m |
| Jun 30 2023 | n/a | n/a | -US$44m |
| Mar 31 2023 | n/a | n/a | -US$50m |
| Dec 31 2022 | US$9m | US$796k | -US$45m |
| Sep 30 2022 | n/a | n/a | -US$31m |
| Jun 30 2022 | n/a | n/a | -US$15m |
| Mar 31 2022 | n/a | n/a | -US$5m |
| Dec 31 2021 | US$12m | US$755k | US$6m |
| Sep 30 2021 | n/a | n/a | -US$866k |
| Jun 30 2021 | n/a | n/a | -US$2m |
| Mar 31 2021 | n/a | n/a | US$3m |
| Dec 31 2020 | US$9m | US$613k | US$8m |
| Sep 30 2020 | n/a | n/a | US$23m |
| Jun 30 2020 | n/a | n/a | US$22m |
| Mar 31 2020 | n/a | n/a | US$18m |
| Dec 31 2019 | US$11m | US$737k | US$12m |
| Sep 30 2019 | n/a | n/a | US$20m |
| Jun 30 2019 | n/a | n/a | US$27m |
| Mar 31 2019 | n/a | n/a | US$26m |
| Dec 31 2018 | US$9m | US$716k | US$45m |
| Sep 30 2018 | n/a | n/a | US$72m |
| Jun 30 2018 | n/a | n/a | US$74m |
| Mar 31 2018 | n/a | n/a | US$78m |
| Dec 31 2017 | US$8m | US$700k | US$74m |
Compensation vs Market: Mike's total compensation ($USD9.60M) is above average for companies of similar size in the US market ($USD6.67M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
CEO
Mike Gianoni (63 yo)
10.9yrs
Tenure
US$9,596,723
Compensation
Mr. Michael P. Gianoni, also known as Mike, has been the Chief Executive Officer and President of Blackbaud, Inc. since January 13, 2014 and serves as its Vice Chairman of the Board since January 2024. Mr....
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 10.9yrs | US$9.60m | 0.69% $ 26.3m | |
| Executive VP of Finance & Administration and CFO | 13.1yrs | US$4.09m | 0.28% $ 10.7m | |
| Executive VP & COO | 2.4yrs | US$3.52m | 0.19% $ 7.1m | |
| Executive VP & CTO | 8.2yrs | US$3.00m | 0.12% $ 4.4m | |
| Executive VP & Chief Commercial Officer | 6.7yrs | US$3.91m | 0.10% $ 3.9m | |
| Chief Accounting Officer | 2.5yrs | no data | no data | |
| Chief Information Officer | less than a year | no data | no data | |
| Head of Investor Relations | less than a year | no data | no data | |
| Senior VP | 16.3yrs | US$1.80m | 0.048% $ 1.8m | |
| Public Relations Manager | no data | no data | no data | |
| Chief Marketing Officer | 7.3yrs | no data | no data | |
| Chief People & Culture Officer | 4.9yrs | no data | no data |
6.7yrs
Average Tenure
58yo
Average Age
Experienced Management: BLKB's management team is seasoned and experienced (6.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 10.9yrs | US$9.60m | 0.69% $ 26.3m | |
| Independent Director | 2yrs | US$316.73k | 0.017% $ 656.1k | |
| Independent Chairman | 20.8yrs | US$461.73k | 0.074% $ 2.8m | |
| Independent Director | less than a year | no data | 0.0088% $ 334.3k | |
| Independent Director | 14.4yrs | US$336.73k | 0.045% $ 1.7m | |
| Independent Director | 3.2yrs | US$316.73k | 0.026% $ 988.2k | |
| Independent Director | 2yrs | US$316.73k | 0.014% $ 518.7k | |
| Independent Director | 2.4yrs | US$311.73k | 0.021% $ 793.6k | |
| Director | no data | no data | 0.0032% $ 121.9k |
2.4yrs
Average Tenure
63yo
Average Age
Experienced Board: BLKB's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 20:54 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Blackbaud, Inc. is covered by 29 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Peter Heckmann | Avondale Partners |
| Robert Oliver | Baird |
| Mark Schappel | Benchmark Company |