Engaged Capital Formally Nominates Three Highly Qualified, Independent Director Candidates to the BlackLine Board

Core Viewpoint - Engaged Capital has formally nominated three independent director candidates to the BlackLine Board for the 2026 Annual Meeting, aiming to enhance shareholder value and explore strategic options [1][2]. Group 1: Nomination Details - Engaged Capital submitted a nomination notice for three director candidates: Storm Duncan, Christopher Hallenbeck, and Christopher L. Young, all of whom possess significant expertise in the software industry, mergers and acquisitions, and corporate governance [1]. - BlackLine has confirmed that only three board seats will be contested at the upcoming Annual Meeting, including one held by the company's founder, Therese Tucker [1]. Group 2: Strategic Intent - The nomination is intended to provide shareholders with credible alternatives focused on evaluating strategic options that align with their best interests [1]. - Engaged Capital is also advocating for BlackLine to explore strategic alternatives in light of renewed acquisition interest from SAP SE [2]. Group 3: Company Background - Engaged Capital, established in 2012 and based in Newport Beach, California, focuses on enhancing the value of small- and mid-cap North American companies through active engagement with management and boards [1]. - The firm aims to build sustainable businesses that create long-term shareholder value and deliver superior, risk-adjusted returns for its partners [1].