Blackline (BL) receives director nominations from Engaged Capital

By Chris Stiles • Tuesday, February 03 15:23 • Permanent Link

Blackline (NASDAQ: BL) has confirmed the receipt of a notice of nomination of three director candidates from Engaged Capital for election to the Blackline Board of Directors at the company’s 2026 annual meeting of stockholders. The date for the annual meeting has not yet been announced.

In the past 12 months, the company has engaged in seven discussions with Engaged Capital. David Henshall, the lead independent director of the board, stated that the board and management have sought to have an open and constructive dialogue to explore all paths to create value for stockholders during every engagement with Engaged Capital.

Blackline introduced several initiatives in November 2024 to support its refreshed strategy. The company looks forward to providing updates against these initiatives, along with its fourth quarter 2025 results and its first quarter and full year 2026 outlook on its quarterly earnings call in February.

The company also disclosed two recent relevant board activities for investor consideration. It was revealed in November 2025 that the board has maintained an independent strategic committee for more than a year, with David Henshall serving as the chairperson. Additionally, in December 2025, it was disclosed that Tom Unterman will not seek reelection at the annual meeting, and in response to that and stockholder feedback on board size, the board intends to reduce the size of its board from 12 to 11 directors upon Mr. Unterman’s resignation.

Over the past five years, Blackline has appointed seven new independent directors, including one selected in consultation with a stockholder in 2025.

Blackline, the future-ready platform for the office of the CFO, empowers organizations with accurate, efficient, and intelligent financial operations. Built on the Studio360 platform, Blackline unifies data, streamlines processes, and delivers real-time insights through automation and intelligence powered by Verity * a comprehensive suite of embedded, auditable AI capabilities.

With a proven, collaborative approach and a track record of innovation supported by industry-leading R&D investment and world-class security practices, more than 4,400 customers across multiple industries partner with Blackline to lead their organizations into the future. Following these announcements, the company's shares moved 0.42%, and are now trading at a price of $52.65. Check out the company's full 8-K submission here.

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