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BlackLine, Inc. Executive Changes: CFO Retirement & Successors Revealed

$BL
Form 8-K/A
Filed on: 2025-02-19
Source
BlackLine, Inc. Executive Changes: CFO Retirement & Successors Revealed

Here are the key insights extracted from the financial report section provided:

  1. Company Overview:
  • Name: BlackLine, Inc.
  • CIK Number: 0001666134
  • SEC File Number: 001-37924
  • EIN: 46-3354276
  • Address: 21300 Victory Boulevard, 12th Floor, Woodland Hills, CA 91367
  • Contact Number: (818) 223-9008
  • Stock Symbol: BL
  • Stock Exchange: NASDAQ
  • Common Stock Par Value: $0.01
  1. Filing Information:
  • Filing Type: Form 8-K/A
  • Original Filing Date: November 7, 2024
  • Report Date: November 4, 2024 (the effective date of information)
  1. Management Changes:
  • Retirement Announcement: Mark Partin has notified the company of his retirement and resignation as Chief Financial Officer (CFO), effective March 1, 2025.
  • Successors:
    • New CFO: Patrick Villanova, currently serving as the Chief Accounting Officer (CAO), will replace Mark Partin as CFO.
    • New CAO: Michelle Stalick, currently serving as Controller, will succeed Patrick Villanova as CAO.
  1. Purpose of Filing:
  • The Form 8-K/A is filed to disclose compensation information for the newly appointed CFO (Patrick Villanova) and CAO (Michelle Stalick) that was not available when the original Form 8-K was filed.

Summary Insight:

This filing indicates a significant transition in BlackLine, Inc.'s executive leadership, with the CFO set to retire in March 2025 and internal promotions to fill the roles, reflecting a succession planning strategy. The filing also highlights the company's commitment to transparency regarding executive compensation.