# EDGAR Filing Document

**Accession Number:** 0001666134
**File Stem:** 0001666134-25-000029
**Filing Date:** 2025-8
**Character Count:** 12850
**Document Hash:** e4ed2dbc3e988fadc0a96a0bbddf2b12
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001666134-25-000029.hdr.sgml**: 20250805

**ACCESSION NUMBER**: 0001666134-25-000029

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20250730

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250805

**DATE AS OF CHANGE**: 20250805

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BLACKLINE, INC.
- **CENTRAL INDEX KEY:** 0001666134
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 463354276
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-37924
- **FILM NUMBER:** 251185206

**BUSINESS ADDRESS:**
- **STREET 1:** 21300 VICTORY BOULEVARD
- **STREET 2:** 12TH FLOOR
- **CITY:** WOODLAND HILLS
- **STATE:** CA
- **ZIP:** 91367
- **BUSINESS PHONE:** 818-223-9008

**MAIL ADDRESS:**
- **STREET 1:** 21300 VICTORY BOULEVARD
- **STREET 2:** 12TH FLOOR
- **CITY:** WOODLAND HILLS
- **STATE:** CA
- **ZIP:** 91367

?xml version='1.0' encoding='ASCII'? bl-20250730

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

__________________________

**FORM 8-K**

__________________________

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d)**

**of the Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported)**

**July 30, 2025**

__________________________

**BLACKLINE, INC.**

**(Exact name of registrant as specified in its charter)**

__________________________

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| | | |
|:---|:---|:---|
| **Delaware** | **001-37924** | **46-3354276** |
| **(State or other jurisdiction**<br>**of incorporation)** | **(Commission**<br>**File Number)** | **(I.R.S. Employer**<br>**Identification Number)** |

---

**21300 Victory Boulevard, 12**<sup>th</sup> **Floor**

**Woodland Hills, California 91367**

**(Address of principal executive offices) (Zip Code)**

**(818) 223-9008**

**(Registrant's telephone number, including area code)**

**Not Applicable**

**(Former name or former address, if changed since last report)**

__________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading**<br>**Symbol(s)** | **Name of each exchange**<br>**on which registered** |
| Common Stock, $0.01, par value | BL | The Nasdaq Global Select Market |

---

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. □

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**Item 5.02 &nbsp;&nbsp;&nbsp;&nbsp;Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**

On August 5, 2025, BlackLine, Inc. (the "Company") announced that Therese Tucker, Co-CEO and Founder of BlackLine, will transition from her role as Co-CEO, effective October 1, 2025. As of that date, Ms. Tucker will continue to serve as Founder, while Owen Ryan, currently Co-CEO and Chairman, will continue as sole CEO and Chairman of the Company's board of directors ("Board"). In the Founder role, Ms. Tucker will continue as a member of the Company's executive team and Board.

In connection with the transition of her role, Ms. Tucker's base salary will decrease to $460,000 and her annual target bonus percentage will be 80% of her base salary. Ms. Tucker's outstanding equity awards will continue on their present terms and she will continue to be eligible for equity awards. The Company anticipates entering into a new employment agreement with Ms. Tucker, the material terms of which will be disclosed separately when the new employment agreement is executed.

In connection with his transitioning to serving as the Company's sole CEO, effective October 1, 2025, Mr. Ryan's base salary will increase to $600,000 and his annual target bonus percentage will remain the same. Mr. Ryan's outstanding equity awards will continue on their present terms and he will continue to be eligible for equity awards.

The Company also announced that the Board has named David Henshall as Lead Independent Director, replacing Tom Unterman, effective August 1, 2025. Mr. Henshall has served on the Board since 2024 and is a member of the Compensation Committee and Nominating and Corporate Governance Committee of the Board. Mr. Unterman will continue to serve on the Board, and as a member of the Board's Compensation Committee and Nominating and Corporate Governance Committee.

**Item 9.01&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;Exhibits

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| | |
|:---|:---|
| **Exhibit <br>Number** | **Description** |
| 99.1 | <u>[Press release issued by BlackLine, Inc., dated](ex9912025-07x30.htm)[August 5](ex9912025-07x30.htm)[, 2025](ex9912025-07x30.htm)</u> |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

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**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.** | **BLACKLINE, INC.** |
| Date: August 4, 2025 | By: | /s/ Karole Morgan-Prager |
|  |  | Karole Morgan-Prager |
|  |  | Chief Legal and Administrative Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

![image_0.jpg](image_0.jpg)

**BlackLine Announces Co-CEO Transition and New Lead Independent Director**

*Therese Tucker to transition from her role as Co-CEO and focus on her role as Founder.* 

*Owen Ryan will serve as CEO of BlackLine.* 

*David Henshall to serve as Lead Independent Director.*

**LOS ANGELES – August 5, 2025 –** BlackLine, Inc. (Nasdaq: BL) ("BlackLine" or the "Company"), the future-ready platform for the Office of the CFO, today announced that Therese Tucker, Co-CEO and Founder of BlackLine, will transition from her role as Co-CEO effective October 1, 2025. As of that date Tucker will serve as Founder, while Owen Ryan, Co-CEO and Chairman of BlackLine, will continue as CEO of the Company.

In the Founder role, Tucker will continue as a member of BlackLine's executive team and will be actively engaged in the market, supporting and guiding the Company's largest customers as they navigate their transformation journeys. Her role will also involve a substantial presence in our European markets. She will continue to contribute her extensive experience to the Company's product development process. Tucker is a significant BlackLine shareholder and will continue to serve as a member of the Board of Directors. As part of this planned transition, Jeremy Ung, BlackLine's Chief Technology Officer, will lead the Product and Technology organization as well as BlackLine's India operations.

"When Owen and I became co-CEOs in March 2023, my commitment was to build upon BlackLine's strong foundation and elevate it into a leading platform that serves the Office of the CFO," Tucker stated. "With our refreshed strategy, rapidly improving execution led by our dynamic new leadership team, and a reignited innovation engine, this is the right time for my transition to Founder."

"This transition is a pivotal moment for BlackLine's evolution. Therese's vision not only created BlackLine but shaped our entire industry," said Ryan. "It has been a privilege to serve with her as Co-CEO, and as I continue to lead BlackLine as CEO, I look forward to the Company continuing to benefit from her wisdom and experience."

BlackLine is also pleased to announce that the Board of Directors has named David Henshall as Lead Independent Director, replacing Tom Unterman, who has served on the Board since 2010 and as Lead Independent Director since 2023. Unterman will continue to serve on the Board of Directors and as a member of the Board's Nominating and Corporate Governance Committee and Compensation Committee.

"The recent strategic enhancements to our Board, notably the additions of Sam Balaji and Greg Hughes - both former CEOs of diverse, global enterprises - and David's appointment as Lead Independent Director, are part of our Board's vision to support the company's long-term strategy," said Ryan.

**About BlackLine**

BlackLine, Inc. (Nasdaq: BL), the future-ready platform for the Office of the CFO, drives digital finance transformation by empowering organizations with accurate, efficient, and intelligent financial operations. BlackLine's comprehensive platform addresses mission-critical processes, including record-to-report and invoice-to-cash, enabling unified and accurate data, streamlined and optimized processes, and real-time insight through visibility, automation, and AI. BlackLine's proven, collaborative approach ensures continuous transformation, delivering immediate impact and sustained value. With a proven track record of innovation, industry-leading R&D investment, and world-class security practices, more than 4,400 customers across multiple industries partner with BlackLine to lead their organizations into the future.

For more information, please visit blackline.com

**Forward-looking Statements** 

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This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "expect," "plan," anticipate," "believe," "estimate," "predict," "intend," "potential," "would," "continue," "ongoing" or the negative of these terms or other comparable terminology. Forward-looking statements in this release include statements regarding our growth plans, strategies and opportunities.

Any forward-looking statements contained in this press release are based upon BlackLine's current plans, estimates and expectations, and are not a representation that such plans, estimates, or expectations will be achieved. Forward-looking statements are based on information available at the time those statements are made and/or management's good faith beliefs and assumptions as of that time with respect to future events and are subject to risks and uncertainties. If any of these risks or uncertainties materialize or if any assumptions prove incorrect, actual performance or results may differ materially from those expressed in or suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to, risks related to the Company's ability to execute on its strategies, attract new customers, enter new geographies and develop, release and sell new features and solutions; and other risks and uncertainties described in the other filings we make with the Securities and Exchange Commission from time to time, including the risks described under the heading "Risk Factors" in our Annual Report on Form 10-K. Additional information will also be set forth in our Quarterly Reports on Form 10-Q.

Forward-looking statements should not be read as a guarantee of future performance or results, and you should not place undue reliance on such statements. Except as required by law, we do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.

**Media Contact:**

Samantha Darilek

samantha.darilek@blackline.com

**Investor Contact:**

Matt Humphries

matt.humphries@blackline.com

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