BlackLine Appoints New CFO, Owen Ryan
Ticker: BL · Form: 8-K · Filed: Sep 24, 2024 · CIK: 1666134
| Field | Detail |
|---|---|
| Company | Blackline, Inc. (BL) |
| Form Type | 8-K |
| Filed Date | Sep 24, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, cfo, compensation
TL;DR
BlackLine names Owen Ryan new CFO, replacing Mark Partin. Ryan gets $400k salary + $3M stock options.
AI Summary
BlackLine, Inc. announced on September 20, 2024, the appointment of Owen Ryan as Chief Financial Officer, effective October 7, 2024. Ryan will succeed Mark Partin, who will transition to a Senior Advisor role. Ryan's compensation package includes a base salary of $400,000, a target annual bonus of 100% of his base salary, and a stock option grant valued at $3,000,000.
Why It Matters
The appointment of a new CFO can signal strategic shifts or a focus on financial performance, impacting investor confidence and the company's financial direction.
Risk Assessment
Risk Level: medium — Changes in key executive positions, especially the CFO, can introduce uncertainty regarding future financial strategy and performance.
Key Numbers
- $400,000 — New CFO Base Salary (Owen Ryan's annual base salary as Chief Financial Officer.)
- 100% — New CFO Target Bonus (Owen Ryan's target annual bonus as a percentage of his base salary.)
- $3,000,000 — New CFO Stock Grant Value (The value of the stock options granted to Owen Ryan.)
Key Players & Entities
- BlackLine, Inc. (company) — Registrant
- Owen Ryan (person) — Appointed Chief Financial Officer
- October 7, 2024 (date) — Effective date of new CFO appointment
- Mark Partin (person) — Outgoing Chief Financial Officer transitioning to Senior Advisor
- $400,000 (dollar_amount) — Owen Ryan's base salary
- 100% (percentage) — Owen Ryan's target annual bonus percentage
- $3,000,000 (dollar_amount) — Value of Owen Ryan's stock option grant
FAQ
Who is the new Chief Financial Officer of BlackLine, Inc. and when does the appointment become effective?
Owen Ryan has been appointed as the new Chief Financial Officer, with his appointment effective October 7, 2024.
What is Owen Ryan's annual base salary?
Owen Ryan's annual base salary is $400,000.
What is the target annual bonus for the new CFO?
The target annual bonus for Owen Ryan is 100% of his base salary.
What is the value of the stock option grant awarded to Owen Ryan?
Owen Ryan has been granted stock options valued at $3,000,000.
What will Mark Partin's role be after the transition?
Mark Partin will transition to a Senior Advisor role.
Filing Stats: 751 words · 3 min read · ~3 pages · Grade level 10.6 · Accepted 2024-09-24 16:01:54
Key Financial Figures
- $0 — ange on which registered Common Stock, $0.01, par value BL The Nasdaq Global
Filing Documents
- d875832d8k.htm (8-K) — 28KB
- d875832dex991.htm (EX-99.1) — 10KB
- 0001193125-24-224774.txt ( ) — 163KB
- bl-20240920.xsd (EX-101.SCH) — 3KB
- bl-20240920_lab.xml (EX-101.LAB) — 18KB
- bl-20240920_pre.xml (EX-101.PRE) — 11KB
- d875832d8k_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 September 24, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2
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: September 24, 2024 By: /s/ Karole Morgan-Prager Karole Morgan-Prager Chief Legal and Administrative Officer 3