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CHARLESTON, 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 BlackbaudPrime minister says banks ‘understand’ the Government’s push for competition
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DETROIT — Another home of a University of Michigan leader was vandalized, including the spray-painting of a vehicle with a pro-Palestinian slogan, a regent said Monday. UM Regent Jordan Acker said his Huntington Woods home and vehicle were both vandalized early Monday. Someone threw a mason jar through one of his home's windows and spray-painted the words "Divest and Free Palestine" on an SUV, said Acker, who is Jewish. "My first thought when I heard the glass breaking is that one of my daughters had gone downstairs to get something to drink and dropped it," he said. "It was very loud and it sounded like dishes breaking. "It was only about 30 seconds later when the police arrived that I came down and realized what had happened." Acker said he later found out a neighbor called the police after seeing a couple of people running away from the house. Authorities found fragments of a glass jar inside the house along with a foul-smelling liquid as well as a second jar outside of the home, he said. Acker called the upside-down red triangle the vandals also painted on the vehicle along with the graffiti particularly disturbing and upsetting. He considers the incident a threat against his family. "That symbol has been used by Hamas to mean something is a legitimate military target," the regent said. "This is a threat. This was not a protest. This is terrorism." The incident comes about six months after vandals targeted Acker's Southfield law office. They spray-painted the words "Free Palestine" and "Divest Now" on the building. The law firm said the attack was being investigated as a hate crime. Acker said the incident at his office remains under investigation and no arrests have been made. Officials for the University of Michigan issued a statement Monday on X calling the vandalism of Acker's house "a clear act of anti-Semitic intimidation." "The University of Michigan condemns these criminal acts in the strongest possible terms," the school said. "They are abhorrent, and unfortunately, just the latest in a number of incidents where individuals have been harassed because of their work on behalf of the university. This is unacceptable and will not be tolerated. We call on our community to come together in solidarity and to firmly reject all forms of bigotry and violence." The university has been embroiled in debate and protests about Hamas' attack on Israel on Oct. 7, 2023 and Israel's counterattack, prompting a war that continues to this day. University events have been disrupted by demonstrators, an encampment was built on campus for a month before being dismantled by police, and regents and other university leaders have been targeted with protests and vandalism. The incident comes about two months after graffiti was spray-painted on the homes of UM President Santa Ono and Erik Lundberg, UM's chief investment officer. The vandalism was done on the first anniversary of the Oct. 7 attack on Israel by the militant group Hamas, which runs Gaza. It also followed months of demonstrations and disruptions by UM students and their supporters, who demand the university divest from its portfolio any holdings linked to Israel since the country's counter-attack on Hamas in Gaza — which has killed more than 44,000 Palestinians in Gaza, according to the Hamas-run Palestinian Health Ministry. The messages at Ono's home were spray-painted in red on his house and sidewalk. They included "Coward," "Divest now," along with upside-down triangles and "intifada," an Arabic word meaning uprising or resistance. Similar words were spray painted at Lundberg's home, including "complicit" and "intifada." Officials decry vandalism Mark Bernstein, vice chair of the university's Board of Regents, decried the vandalism in a statement to The Detroit News. Bernstein, who is president and managing partner of the Sam Bernstein Law Firm PLLC, was first elected to the Board of Regents in 2012 and re-elected in 2020. “The repeated targeting of my colleague, a Jewish elected official, and his family, is conduct that demands condemnation and aggressive criminal prosecution," he said. "This act reveals the dangerous antisemitism at the core of this radical movement that has adopted terrorist symbols in their repugnant rhetoric." Others also condemned the attack on Monday. U.S. Rep. and U.S. Senator-elect Elissa Slotkin, D-Holly, categorized the act as criminal. "This makes three attacks on University of Michigan Regent Jordan Acker’s home and office in just over six months," she said in a statement. "This is targeted hate meant to intimidate and threaten him and his family, and law enforcement has a responsibility to move quickly to connect the dots and do something about it. This is not activism or free speech on behalf of a cause — indeed this criminal activity undercuts the very cause they purport to care about." U.S. Rep. Haley Stevens, D-Birmingham, called the incident sickening. "Jordan Acker is a dedicated public servant and he and his family should be safe in their own home," she said in a post on X. "I am sickened by the anti-Semitic attack on his home last night. Vandalism, violence, and bigotry have no place in America. Enough. Our Jewish brothers and sisters deserve to live in security and peace." Also on X, former U.S. Rep. Peter Meijer, R-Grand Rapids Township, decried what he called "another disgusting antisemitic attack" on Acker. "Political leaders in Michigan must take this vile behavior seriously — vandalism and harassment is reprehensible enough, but left unchecked threatens to escalate into physical violence," he wrote. Acker details what happened Acker, an attorney who has been on the board since 2019, also posted about the incident on his Instagram page on Monday. "In the very early hours of this morning, while my wife, my three young daughters and I were asleep in our beds, we were awakened by the sound of two heavy thrown through the front window of our house," he said in his post. "While my eldest daughter ran into our room, frightened by the sound of breaking glass, I ran downstairs, saw the broken window, and then ran outside to find my wife’s car had been graffitied by anti-Semitic vandals." He added in the post: "This is the third time that I — and now my family — have been the target of these Klan-like tactics. We all need to call out this cowardly act attacking my family and my home for what it truly is — terrorism. And like we always do in this great nation when we’re confronted with terrorism — I will not let fear win. All this does is harden my resolve to continue to do the right thing for the University and the Michigan voters who elected me." He concluded the post with: "I call upon members of the Michigan community to publicly repudiate this vile anti-Semitic intimidation and to offer full support to law enforcement to root out these bigots so they see the consequences for their actions." Acker said he won't disclose what safety measures he will take to protect his family and himself following Monday's incident. "These messages, whether they're left at my office or my home, are intended to intimidate a Jewish elected official," he said. "But I am not going to be intimidated by them." Acker said he calls on every elected official in Michigan, whether they're on the political right or the left, to publicly condemn this sort of behavior. "It's not enough to condemn privately," he said. "We have to say publicly this is not acceptable no matter where you stand on the issue of Israel and Palestine. He said he would like to see the U.S. Attorney's Office in Detroit and the FBI become involved in the investigation into the attack. "It's pretty obvious this is a civil rights violation and I wish the U.S. Attorney's Office would take it seriously," Acker said. The regent also urges people on UM's campus who know who the vandals are and where they are to come forward to stop incidents like this from happening again. In mid-May, pro-Palestinian protesters delivered a list of demands to the homes of the eight regents. They also "decorated" the front lawn of then UM Board of Regents Chair Sarah Hubbard's home with "scenes of genocide in Palestine" along with a taped list of demands for divestment from Israel on the door of her home. At the time, Acker wrote on X that "around 4:40 a.m., a masked intruder came to the door of my family's home with a list of demands, including defunding the police." "My three daughters were asleep in their beds, and thankfully unaware of what transpired," Acker wrote. "This form of protest is not peaceful. Public officials should not be subject to this sort of intimidating conduct, and this behavior is unacceptable from any Michigan community member, especially one led by someone who called for the death of people they disagree with." -------- ©2024 www.detroitnews.com . Visit at detroitnews.com . Distributed by Tribune Content Agency, LLC.Aston Villa 0 Juventus 0: Morgan Rogers’ last-gasp goal ruled OUT as Champions League clash ends in controversy
Gov. Tim Walz wants to remain a force in politics, at state and national levelA court challenge over a Stormont vote on extending post-Brexit trading arrangements for Northern Ireland has been dismissed, and the Assembly debate will go ahead as planned on Tuesday. Ruling on Monday after an emergency hearing at Belfast High Court, judge Mr Justice McAlinden rejected loyalist activist Jamie Bryson’s application for leave for a full judicial review hearing against Northern Ireland Secretary Hilary Benn. The judge said Mr Bryson, who represented himself as a personal litigant, had “very ably argued” his case with “perseverance and cogency”, and had raised some issues of law that caused him “some concern”. However, he found against him on the three grounds of challenge against Mr Benn. Mr Bryson had initially asked the court to grant interim relief in his challenge to prevent Tuesday’s democratic consent motion being heard in the Assembly, pending the hearing of a full judicial review. However, he abandoned that element of his leave application during proceedings on Monday, after the judge made clear he would be “very reluctant” to do anything that would be “trespassing into the realms” of a democratically elected Assembly. Mr Bryson had challenged Mr Benn’s move to initiate the democratic consent process that is required under the UK and EU’s Windsor Framework deal to extend the trading arrangements that apply to Northern Ireland. The previously stated voting intentions of the main parties suggest that Stormont MLAs will vote to continue the measures for another four years when they convene to debate the motion on Tuesday. After the ruling, Mr Bryson told the court he intended to appeal to the Court of Appeal. Any hearing was not expected to come later on Monday. In applying for leave, the activist’s argument was founded on three key grounds. The first was the assertion that Mr Benn failed to make sufficient efforts to ensure Stormont’s leaders undertook a public consultation exercise in Northern Ireland before the consent vote. The second was that the Secretary of State allegedly failed to demonstrate he had paid special regard to protecting Northern Ireland’s place in the UK customs territory in triggering the vote. The third ground centred on law changes introduced by the previous UK government earlier this year, as part of its Safeguarding the Union deal to restore powersharing at Stormont. He claimed that if the amendments achieved their purpose, namely, to safeguard Northern Ireland’s place within the United Kingdom, then it would be unlawful to renew and extend post-Brexit trading arrangements that have created economic barriers between the region and the rest of the UK. In 2023, the UK Supreme Court unanimously ruled that the trading arrangements for Northern Ireland are lawful. The appellants in the case argued that legislation passed at Westminster to give effect to the Brexit Withdrawal Agreement conflicted with the 1800 Acts of Union that formed the United Kingdom, particularly article six of that statute guaranteeing unfettered trade within the UK. The Supreme Court found that while article six of the Acts of Union has been “modified” by the arrangements, that was done with the express will of a sovereign parliament, and so therefore was lawful. Mr Bryson contended that amendments made to the Withdrawal Agreement earlier this year, as part of the Safeguarding the Union measures proposed by the Government to convince the DUP to return to powersharing, purport to reassert and reinforce Northern Ireland’s constitutional status in light of the Supreme Court judgment. He told the court that it was “quite clear” there was “inconsistency” between the different legal provisions. “That inconsistency has to be resolved – there is an arguable case,” he told the judge. However, Dr Tony McGleenan KC, representing the Government, described Mr Bryson’s argument as “hopeless” and “not even arguable”. He said all three limbs of the case had “no prospect of success and serve no utility”. He added: “This is a political argument masquerading as a point of constitutional law and the court should see that for what it is.” After rising to consider the arguments, Justice McAlinden delivered his ruling shortly after 7pm. The judge dismissed the application on the first ground around the lack consultation, noting that such an exercise was not a “mandatory” obligation on Mr Benn. On the second ground, he said there were “very clear” indications that the Secretary of State had paid special regard to the customs territory issues. On the final ground, Justice McAlinden found there was no inconsistency with the recent legislative amendments and the position stated in the Supreme Court judgment. “I don’t think any such inconsistency exists,” he said. He said the amendments were simply a “restatement” of the position as set out by the Supreme Court judgment, and only served to confirm that replacing the Northern Ireland Protocol with the Windsor Framework had not changed the constitutional fact that Article Six of the Acts of Union had been lawfully “modified” by post-Brexit trading arrangements. “It does no more than that,” he said. The framework, and its predecessor the NI Protocol, require checks and customs paperwork on goods moving from Great Britain into Northern Ireland. Under the arrangements, which were designed to ensure no hardening of the Irish land border post-Brexit, Northern Ireland continues to follow many EU trade and customs rules. This has proved highly controversial, with unionists arguing the system threatens Northern Ireland’s place in the United Kingdom. Advocates of the arrangements say they help insulate the region from negative economic consequences of Brexit. A dispute over the so-called Irish Sea border led to the collapse of the Northern Ireland Assembly in 2022, when the DUP withdrew then-first minister Paul Givan from the coalition executive. The impasse lasted two years and ended in January when the Government published its Safeguarding the Union measures. Under the terms of the framework, a Stormont vote must be held on articles five to 10 of the Windsor Framework, which underpin the EU trade laws in force in Northern Ireland, before they expire. The vote must take place before December 17. Based on the numbers in the Assembly, MLAs are expected to back the continuation of the measures for another four years, even though unionists are likely to oppose the move. DUP leader Gavin Robinson has already made clear his party will be voting against continuing the operation of the Windsor Framework. Unlike other votes on contentious issues at Stormont, the motion does not require cross-community support to pass. If it is voted through with a simple majority, the arrangements are extended for four years. In that event, the Government is obliged to hold an independent review of how the framework is working. If it wins cross-community support, which is a majority of unionists and a majority of nationalists, then it is extended for eight years. The chances of it securing such cross-community backing are highly unlikely.
Police and Law Enforcement Equipment Market to Grow by USD 1.45 Billion (2024-2028) as AI Redefines Market Landscape, Focus on Public Safety Boosts Revenue - Technavio