New activist emerges at BlackLine after Engaged deal brings M&A vet to board [Yahoo! Finance]
BlackLine, Inc. (BL)
NASDAQ:AMEX Investor Relations:
investors.blackline.com
Company Research
Source: Yahoo! Finance
The hedge fund disclosed a 5.1% stake in the software company on Thursday evening, just two days after a separate settlement with Engaged Capital. Fivespan, led by Managing Partner Dylan Haggart, spent approximately $138.6 million to accumulate over 3 million shares. According to the Schedule 13D filing, the firm intends to engage management on issues including "board composition" and "mergers and acquisitions strategy." The disclosure arrived shortly after BlackLine announced the appointment of technology M&A veteran Storm Duncan to its board and Strategic Committee. The committee is tasked with evaluating "strategic transactions involving the Company," Lead Independent Director David Henshall said in the announcement from Tuesday. Engaged Capital, which facilitated the board appointments through a cooperation agreement with BlackLine, emphasized the necessity of independent oversight for the software maker. "Storm has decades of experience in technology M&A and brings invaluab
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BL
News
- Why BlackLine Stock Zoomed More Than 7% Higher Today [Yahoo! Finance]Yahoo! Finance
- Why Is BlackLine (BL) Stock Rocketing Higher Today [Yahoo! Finance]Yahoo! Finance
- Blackline Safety Now Shipping G8, Expanding Leadership in Connected Safety [Yahoo! Finance]Yahoo! Finance
- Blackline Safety Corp. (BLN:CA) Q1 2026 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Finance and HR Software Stocks Q4 Highlights: BlackLine (NASDAQ:BL) [Yahoo! Finance]Yahoo! Finance
BL
Earnings
- 2/10/26 - Beat
BL
Sec Filings
- 3/17/26 - Form 8-K
- 3/12/26 - Form SCHEDULE
- 3/10/26 - Form 8-K
- BL's page on the SEC website