UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
Current Report
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On February 14, 2022, the Board of Directors of Black Knight, Inc. (the “Company” or “Black Knight”) adopted resolutions to effect the below executive transitions, which will be effective as of May 16, 2022.
● | Anthony M. Jabbour, our current Chairman and Chief Executive Officer, has been appointed to serve as Executive Chairman of the Board. |
● | Joseph M. Nackashi, our current President, has been appointed to serve as Chief Executive Officer. |
● | Kirk T. Larsen, our current Executive Vice President and Chief Financial Officer, has been appointed to serve as President and Chief Financial Officer. |
Item 8.01. Other Events
On February 15, 2022, the Company issued a press release announcing the transition of Mr. Jabbour to Executive Chairman and the appointments of Mr. Nackashi as Chief Executive Officer and Mr. Larsen as President and Chief Financial Officer, effective as of May 16, 2022. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
Exhibit |
| Description |
99.1 | ||
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Black Knight, Inc. | ||||
Date: | February 15, 2022 | By: | /s/ Kirk T. Larsen | |
Name: | Kirk T. Larsen | |||
Title: | Executive Vice President and Chief Financial Officer |
Exhibit 99.1
Press Release
Black Knight Announces Executive Management Transition
Anthony Jabbour Appointed Executive Chairman of the Board;
Joe Nackashi Appointed Chief Executive Officer;
Kirk Larsen Appointed President and Chief Financial Officer
JACKSONVILLE, Fla. –– Feb. 15, 2022 – Black Knight, Inc. (NYSE:BKI) today announced that Anthony Jabbour, the company’s Chairman and Chief Executive Officer, will assume the role of Executive Chairman of the Board; Joe Nackashi, Black Knight’s President, will assume the role of Chief Executive Officer; and Kirk Larsen, Black Knight’s Chief Financial Officer (CFO), will assume the role of President and CFO.
Jabbour joined Black Knight as CEO in 2018 and became Chairman and CEO in 2021. Under Jabbour’s leadership, the pace of innovation has accelerated with the goal of helping clients solve their biggest challenges and take advantage of their greatest opportunities. The focus on innovation has resulted in record sales and accelerated revenue growth. In addition to achieving higher organic growth, Black Knight acquired and integrated nine companies into the Black Knight ecosystem, including the largest acquisition in company history. In his role as Executive Chairman, Jabbour will focus on the strategic direction of the company, capital allocation and will work with the executive leadership team to extend the company’s track record of success.
Nackashi has been President since 2017 and is a 35-year veteran of the company. Over his career, Nackashi has developed strong and trusted relationships with Black Knight clients and leaders throughout the mortgage industry. In his role as President, he has been intensely focused on the tight integration of the company’s teams, solutions and operations to provide clients with enhanced efficiency while also improving their customers’ experience.
“As we embark on this executive transition, Black Knight has never been in a stronger position from an innovation, integration, client satisfaction, operational or financial performance perspective,” said Jabbour. “I am honored to work with such a talented and dedicated team of people who are as focused
Exhibit 99.1
on delivering innovative solutions as I am. Joe and I see the world the same way: we need to act with the urgency of a startup, treat each client like they are our only client, care for our employees, and deliver on our commitments to shareholders.”
Larsen joined Black Knight as CFO in 2014 and led the company through its initial public offering in 2015. In his expanded role, Larsen will also assume responsibility for the compliance, enterprise risk management, human resources, internal audit, legal and marketing functions and will work closely with Nackashi to achieve Black Knight’s strategic goals.
“I have worked closely with Kirk since he joined the company in 2014. In addition to his deep financial capabilities, he is extremely knowledgeable about our company and our internal operations. He is an innovative leader with a strong focus on value creation,” said Nackashi. “I am looking forward to working with Kirk and the rest of our team as we achieve even greater levels of success.”
These new appointments are effective May 16, 2022.
About Black Knight
Black Knight, Inc. (NYSE:BKI) is an award-winning software, data and analytics company that drives innovation in the mortgage lending and servicing and real estate industries, as well as the capital and secondary markets. Businesses leverage our robust, integrated solutions across the entire homeownership life cycle to help retain existing customers, gain new customers, mitigate risk and operate more effectively.
Our clients rely on our proven, comprehensive, scalable products and our unwavering commitment to delivering superior client support to achieve their strategic goals and better serve their customers. For more information on Black Knight, please visit www.blackknightinc.com.
SOURCE: BLACK KNIGHT, INC.
For more information:
Michelle Kersch
Black Knight
904.854.5043
michelle.kersch@bkfs.com
Steve Eagerton
Black Knight
904.854.3683
Steven.eagerton@bkfs.com
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Document and Entity Information |
Feb. 14, 2022 |
---|---|
Document and Entity Information [Abstract] | |
Document Type | 8-K |
Document Period End Date | Feb. 14, 2022 |
Entity File Number | 001-37394 |
Entity Registrant Name | BLACK KNIGHT, INC. |
Entity Incorporation, State or Country Code | DE |
Entity Tax Identification Number | 81-5265638 |
Entity Address, Address Line One | 601 Riverside Avenue |
Entity Address, City or Town | Jacksonville |
Entity Address, State or Province | FL |
Entity Address, Postal Zip Code | 32204 |
City Area Code | 904 |
Local Phone Number | 854-5100 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common Stock, $0.0001 par value |
Trading Symbol | BKI |
Security Exchange Name | NYSE |
Entity Emerging Growth Company | false |
Entity Central Index Key | 0001627014 |
Amendment Flag | false |
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