Exclusive: Activist Engaged ready to run proxy fight at BlackLine, sources say

Core Viewpoint - Activist investor Engaged Capital is initiating a proxy fight to appoint four new outside directors at BlackLine, emphasizing the need for fresh perspectives in the boardroom to enhance strategic options [1] Group 1: Investor Actions - Engaged Capital is advocating for a change in BlackLine's board composition to improve governance and strategic direction [1] - The investor believes that the current board lacks the necessary expertise to navigate the company's future challenges [1] Group 2: Company Background - BlackLine is a software maker that specializes in financial automation solutions, indicating its focus on technology-driven financial processes [1] - The company may face challenges in adapting to evolving market demands without new leadership perspectives [1]