BlackLine, Inc. entered into a cooperation letter agreement with Engaged Capital, LLC on March 9, 2026, expanding its Board to 14 directors and appointing Megan Prichard as Class II Director and Storm Duncan as Class III Director, effective March 11, 2026, with specific committee assignments and standstill provisions during the Restricted Period.
Key takeaways
Entered cooperation agreement with Engaged Capital, LLC on March 9, 2026
Board size increased to 14 directors
Megan Prichard appointed Class II Director (term to 2027 Annual Meeting), joins Compensation and Technology & Cybersecurity Committees
Storm Duncan appointed Class III Director (term to 2028 annual meeting), joins Nominating & Corporate Governance and Strategic Committees
Strategic Committee reconstituted with David Henshall, Scott Davidson, Greg Hughes, and Storm Duncan
Engaged Capital standstill and voting commitments during Restricted Period ending 30 days prior to 2027 Annual Meeting nominations or 120 days prior to 2026 annual meeting anniversary