Blackline Board Member Retires, Shares Dip

By Chris Stiles • Tuesday, December 23 06:16 • Permanent Link

Blackline (NASDAQ: BL) recently announced the retirement of Tom Unterman, a member of the company's board since 2010. Blackline CEO and Chairman Owen Ryan expressed gratitude for Unterman's dedicated service, acknowledging his valuable insights and guidance in strengthening the company's position within the office of the CFO. Therese Tucker, founder and director of Blackline, also lauded Unterman's impact, describing him as a trusted advisor, mentor, and friend.

Following Unterman's retirement, Blackline revealed its plan to reduce the size of the board to 11 directors immediately after the 2026 annual meeting of stockholders.

Blackline, known as the "future-ready platform for the office of the CFO," boasts a customer base of over 4,400 organizations across multiple industries. The company's Studio360 platform unifies data, streamlines processes, and provides real-time insights through automation and intelligence powered by Verity, a comprehensive suite of embedded, auditable AI capabilities.

In terms of financial performance, Blackline has demonstrated its ability to drive digital finance transformation by empowering organizations with accurate, efficient, and intelligent financial operations through its innovative solutions. Today the company's shares have moved -0.26% to a price of $57.66. For the full picture, make sure to review BLACKLINE, INC.'s 8-K report.

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