Boardroom Alpha
Meeting calendar
BL · Annual meeting · Thursday, May 7, 2026

Blackline Inc

3 nominees · 4 ballot items.

Election of three Class I directors; ratification of PwC as independent auditor; advisory (non-binding) approval of named executive officer compensation; stockholder proposal to declassify the Board (presented by Tensile Capital Management).

Market cap
$1.8B
1Y TSR
-49.4%
Board grade
C-
Record date
Mar 10, 2026
Filing
DEF 14A
Meeting concluded · May 7, 2026

Follow how the vote landed and what changed on Blackline Inc’s board — director track records, governance grades, and ongoing monitoring — on the Boardroom Alpha platform.

Proposals

On the ballot4

  1. 1

    Election of Class I Directors

    ManagementBoard: FOR

    Elect three Class I directors (Scott Davidson, David Henshall, and Therese Tucker) to serve until the 2029 Annual Meeting.

  2. 2

    Ratification of Appointment of Independent Registered Public Accounting Firm

    ManagementBoard: FOR

    Ratify the appointment of PricewaterhouseCoopers LLP (PwC) as the Company’s independent registered public accounting firm for fiscal year ending December 31, 2026.

    More detail

    This management proposal seeks shareholder ratification of PwC’s appointment as BlackLine’s independent registered public accounting firm for fiscal 2026, a routine governance item that confirms the Audit Committee’s selection and solicits shareholder input. The Audit Committee previously appointed PwC and the firm audited the company in 2025; presenting the appointment for ratification aligns with good governance and allows shareholders to express approval or concern. The Company discloses PwC’s fees for audit and non-audit services for 2025 and 2024, affirms the Audit Committee’s pre-approval policy for services, and notes that the Audit Committee may replace the auditor if shareholders do not ratify the appointment. The Board recommends a FOR vote, citing continuity and the Audit Committee’s judgment. While routine, a negative vote could prompt the Audit Committee to re-evaluate audit firm selection and could signal investor concern about auditor independence, fees, or audit quality.

  3. 3

    Advisory Non-Binding Vote to Approve the Compensation of Named Executive Officers

    ManagementBoard: FOR

    Advisory (non-binding) vote to approve the 2025 compensation of the company's named executive officers as disclosed in the proxy statement.

    More detail

    This proposal asks shareholders to cast a non-binding advisory vote (a "say-on-pay") on the 2025 compensation of named executive officers. Management frames the program as pay-for-performance, with significant at-risk compensation tied to revenue, ARR, non-GAAP operating margin, and relative TSR metrics through cash bonuses and PSUs, supplemented by time-based RSUs for retention. The board recommends a FOR vote, citing alignment with shareholder interests, stockholder engagement undertaken after a lower support outcome in 2025, and adjustments (e.g., increased revenue weighting in bonus, inclusion of multi-year rTSR metrics) intended to address investor concerns. Because the vote is advisory, the board and compensation committee will consider results when making future decisions but are not legally bound. A substantial "against" vote could prompt further engagement and program changes.

  4. 4

    Stockholder Proposal Regarding Board Declassification

    Shareholder — Tensile Capital Management LPBoard: FOR

    A shareholder proposal submitted by Tensile Capital Management requests that the Board declassify the Board so all directors are elected annually, urging declassification beginning at the next Annual Meeting and phased to avoid affecting unexpired terms.

    More detail

    This shareholder proposal, submitted by Tensile Capital Management, requests that BlackLine declassify its board so all directors are elected annually, arguing declassification increases board accountability and aligns governance with shareholder interests. Tensile supports its request with data on broad investor support for declassification and cites BlackLine’s relative underperformance and past withhold votes as evidence of governance concerns. Management’s response acknowledges the historical rationale for a classified board (continuity, anti-takeover, long-term perspective) but states it has engaged extensively with shareholders and now recommends a FOR vote; the Board signals an intention, if the proposal gains support, to pursue a phased amendment to the certificate of incorporation at the 2027 Annual Meeting. This proposal is governance-focused and non-routine; a favorable vote would represent clear shareholder sentiment and could lead to structural changes to board composition and election cadence, with implications for takeover defenses and director accountability.

Director elections

Nominees on the ballot3

Independent
Tenure on this board
1.8 yrs
Also a director at
Gitlab Inc (GTLB)
Ownership

Top institutional holders10

Latest 13F quarter
1CLEARLAKE CAPITAL GROUP, L.P.9.7%5,712,300$211M
2BlackRock, Inc.9.7%5,679,897$210M
3VANGUARD PORTFOLIO MANAGEMENT LLC6.9%4,062,856$150M
4UBS Group AG5.4%3,164,963$117M
5Fivespan Partners, LP5.1%3,013,943$112M
6FIRST MANHATTAN CO. LLC.4.6%2,676,987$99M
7VANGUARD CAPITAL MANAGEMENT LLC4.0%2,349,160$87M
8ICONIQ Capital, LLC3.6%2,087,081$77M
9STATE STREET CORP3.5%2,040,318$75M
10Neuberger Berman Group LLC3.5%2,024,391$75M
Filings

Recent key filings

Periodic reports
Definitive proxies
Reference

Frequently asked questions

When is the Blackline Inc 2026 annual meeting?
Blackline Inc (BL) holds its 2026 annual shareholder meeting on Thursday, May 7, 2026.
What is the record date for the Blackline Inc 2026 meeting?
The record date for the Blackline Inc 2026 meeting is Tuesday, March 10, 2026. Shareholders of record on or before that date are eligible to vote.
Who are the director nominees for Blackline Inc's 2026 meeting?
The board is presenting 3 director nominees at the Blackline Inc 2026 meeting, listed with their independence status and background.
What proposals will shareholders vote on at the Blackline Inc 2026 meeting?
Shareholders will vote on 4 proposals at the Blackline Inc 2026 meeting, each tagged with who proposed it and the board's recommendation.
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