BlackLine Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Leadership Update, Financial Statements and Exhibits
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On January 13, 2025, BlackLine, Inc. (the “Company”) announced preliminary financial results for the fourth quarter ending December 31, 2024.
The information furnished pursuant to Item 2.02 on this Form 8-K, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any other filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific reference in such a filing.
On January 13, 2025, the Company announced that Mark Woodhams, Chief Revenue Officer of the Company, will retire from the Company, effective June 2, 2025. The Company also announced that Stuart Van Houten will join the Company as Chief Commercial Officer, effective February 17, 2025, leading the Company’s global sales organization and revenue operations. At that time, he will assume Mr. Woodhams’ role as head of the global sales team.
Under the circumstances of his retirement and departure of the Company, Mr. Woodhams is entitled to severance benefits under the Company’s Change in Control and Severance Policy (the “Severance Policy”) upon his departure. In addition to the benefits under the Severance Policy, Mr. Woodhams will receive additional cash compensation of $80,000 in relocation benefits, with all such payments and benefits subject to execution of a release of claims in favor of the Company and other released parties, and complying with various post-employment obligations. The terms and conditions of the severance otherwise are consistent with the Severance Policy. Mr. Woodhams’ current compensation arrangements will continue until his retirement date.
A copy of the related press release announcing the appointment of Mr. Van Houten and Mr. Woodhams’ retirement is attached hereto as Exhibit 99.1
(d) Exhibits.
| Exhibit Number | Description | |
| 99.1 | Press Release issued by BlackLine dated January 13, 2025. | |
| 104 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL) document. |
SIGNATURE
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: January 13, 2025 | By: | /s/ Karole Morgan-Prager |
| Karole Morgan-Prager | ||
| Chief Legal and Administrative Officer | ||