UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On December 23, 2020, John Brennan, chair of the board of directors (the “Board”) of BlackLine, Inc. (the “Company”), informed the Company that he intended to resign from the Board effective at the Company’s annual meeting of stockholders in 2021 (the “2021 annual meeting”). Jason Babcoke, a member of the Board, has indicated his intention not to stand for reelection after the completion of his term at the 2021 annual meeting.
Mr. Brennan and Mr. Babcoke initially joined the Board in September 2013 in connection with an investment in the Company by Silver Lake Sumeru Fund, L.P. and Silver Lake Technology Investors Sumeru, L.P. (individually and/or collectively, Silver Lake Sumeru). Silver Lake Sumeru no longer owns shares of the Company’s common stock. There are no disagreements between Messrs. Brennan or Babcoke and the Company.
As previously disclosed, effective January 1, 2021, Therese Tucker, who currently serves as the Company’s CEO, will assume the role as executive chair of the Company’s Board and Marc Huffman, the Company’s president and chief operating officer, will succeed Ms. Tucker as chief executive officer.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| BLACKLINE, INC. | ||||||
| Date: December 31, 2020 | By: | /s/ Karole Morgan-Prager | ||||
| Karole Morgan-Prager | ||||||
| Chief Legal and Administrative Officer | ||||||