Business
BlackLine Reaches Agreement with Engaged Capital and Strengthens Board with Addition of Two Independent Directors
LOS ANGELES, March 10, 2026 (GLOBE NEWSWIRE) -- BlackLine, Inc. (Nasdaq: BL) (“BlackLine” or the “Company”) today announced that it has appointed Storm Duncan
About this update from Blackline, Inc.
[{"type":"text","content":"LOS ANGELES, March 10, 2026 (GLOBE NEWSWIRE) -- BlackLine, Inc. (Nasdaq: BL) (“BlackLine” or the “Company”) today announced that it has appointed Storm Duncan and Megan Prichard to BlackLine’s Board of Directors in connection with a cooperation agreement with Engaged Capital, LLC (“Engaged Capital”). Mr. Duncan will also be appointed to the Board’s Strategic Committee, along with current director Scott Davidson. David Henshall, BlackLine’s Lead Independent Director and Chair of the Board’s Strategic Committee, said, “We are pleased to welcome Storm and Megan to the Board and appreciate the role Engaged Capital played in this process. Storm’s skillset will be additive to the Board’s Strategic Committee which has been, and continues to be, empowered to evaluate strategic transactions involving the Company. Megan brings significant experience working with companies in disruptive technologies and high-growth industries. When coupled with the significant refreshment that the Board has undergone in the past two years, it is clear that our focus as a Board is on working constructively with stockholders to drive value.” Owen Ryan, BlackLine’s Chairman and CEO commented, “We are laser focused on delivering against our plan and our strategic initiatives to drive performance. BlackLine is executing against a clear strategy, with revenue growth projected to accelerate to a range of 9.1% to 9.6% in 2026 following record bookings in 2025 and non-GAAP operating margins increasing by nearly 6% in the past two years. Additionally, we have seen our industry-leading AI tool, BlackLine Verity, gain traction, with customer adoption increasing 50% between the third and fourth quarters of 2025. We recognize that we have further to go, but the progress realized over the past few years and our focus on bringing our AI capabilities to our customers puts BlackLine in a strong position.” Glenn W. Welling, Founder and Chief Investment Officer of Engaged Capital, added, “We are pleased to have worked collaboratively with the Board on these appointments and the improvements to the Company’s governance. Storm has decades of experience in technology M&A and brings invaluable experience and independence to the Board and the Strategic Committee. Megan’s experience working in industries with disruptive technology and AI will also add a valuable, independent perspe...