BlackLine Appoints New CAO, Fitzgerald Departs
Ticker: BL · Form: 8-K · Filed: Mar 18, 2024 · CIK: 1666134
| Field | Detail |
|---|---|
| Company | Blackline, Inc. (BL) |
| Form Type | 8-K |
| Filed Date | Mar 18, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, executive-appointment, executive-departure
TL;DR
BlackLine's CAO is out, new one in with $300k salary + equity. Watch for financial reporting changes.
AI Summary
BlackLine, Inc. announced on March 15, 2024, the departure of its Chief Accounting Officer, Michael J. Fitzgerald, effective March 15, 2024. The company also announced the appointment of Marc R. Defeo as the new Chief Accounting Officer, effective March 18, 2024. DeFeo will receive an annual base salary of $300,000 and will be eligible for equity awards.
Why It Matters
A change in Chief Accounting Officer can signal shifts in financial reporting strategy or internal controls, potentially impacting investor confidence and financial statement accuracy.
Risk Assessment
Risk Level: medium — Changes in key financial leadership roles can introduce uncertainty regarding financial reporting and internal controls.
Key Numbers
- $300,000 — New CAO Salary (Marc R. DeFeo's annual base salary as Chief Accounting Officer.)
Key Players & Entities
- BlackLine, Inc. (company) — Registrant
- Michael J. Fitzgerald (person) — Departing Chief Accounting Officer
- March 15, 2024 (date) — Departure effective date
- Marc R. DeFeo (person) — Appointed Chief Accounting Officer
- March 18, 2024 (date) — New CAO effective date
- $300,000 (dollar_amount) — New CAO's annual base salary
FAQ
What is the reason for Michael J. Fitzgerald's departure?
The filing does not specify the reason for Michael J. Fitzgerald's departure as Chief Accounting Officer.
What is Marc R. DeFeo's starting salary?
Marc R. DeFeo's annual base salary as Chief Accounting Officer is $300,000.
When is Marc R. DeFeo's appointment effective?
Marc R. DeFeo's appointment as Chief Accounting Officer is effective March 18, 2024.
What other compensation will Marc R. DeFeo receive?
Marc R. DeFeo will be eligible for equity awards in addition to his base salary.
What is BlackLine, Inc.'s principal executive office address?
BlackLine, Inc.'s principal executive office is located at 21300 Victory Boulevard, 12th Floor, Woodland Hills, California 91367.
Filing Stats: 657 words · 3 min read · ~2 pages · Grade level 9.9 · Accepted 2024-03-18 09:09:01
Key Financial Figures
- $0 — nge on which registered Common Stock, $0.01, par value BL The Nasdaq Global
Filing Documents
- d752443d8k.htm (8-K) — 26KB
- d752443dex991.htm (EX-99.1) — 10KB
- g752443g0315050756420.jpg (GRAPHIC) — 2KB
- 0001193125-24-069716.txt ( ) — 163KB
- bl-20240315.xsd (EX-101.SCH) — 3KB
- bl-20240315_lab.xml (EX-101.LAB) — 18KB
- bl-20240315_pre.xml (EX-101.PRE) — 11KB
- d752443d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 99.1 Press Release issued by BlackLine, Inc., dated March 18, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 1
SIGNATURES
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. Date: March 18, 2024 By: /s/ Karole Morgan-Prager Karole Morgan-Prager Chief Legal and Administrative Officer 2