BlackLine Reaches Agreement with Engaged Capital and Strengthens Board with Addition of Two Independent Directors

Core Viewpoint - BlackLine, Inc. has appointed Storm Duncan and Megan Prichard to its Board of Directors as part of a cooperation agreement with Engaged Capital, aiming to enhance governance and strategic oversight [1][2]. Board Appointments - Storm Duncan and Megan Prichard have been appointed to the Board of Directors, with Duncan also joining the Strategic Committee [1][2]. - David Henshall, Lead Independent Director, emphasized the importance of these appointments in driving value and strategic evaluation [2]. Strategic Focus and Performance - BlackLine is focused on executing its strategic initiatives, with revenue growth projected to accelerate to 9.1% to 9.6% in 2026, following record bookings in 2025 [2]. - Non-GAAP operating margins have increased by nearly 6% over the past two years, indicating improved financial performance [2]. - The company's AI tool, BlackLine Verity, has seen a 50% increase in customer adoption between Q3 and Q4 of 2025 [2]. Experience of New Board Members - Storm Duncan brings three decades of technology industry experience, including significant M&A expertise and leadership roles [4]. - Megan Prichard has extensive experience in disruptive technologies and high-growth industries, having held various leadership positions at Uber and other companies [5][6]. Governance and Collaboration - Engaged Capital played a crucial role in the board appointments, highlighting the collaborative effort to improve governance and maximize shareholder value [2][9]. - The cooperation agreement will be filed with the U.S. Securities and Exchange Commission [2].