BlackLine Names New Chief Accounting Officer
Ticker: BL · Form: 8-K · Filed: Mar 4, 2025 · CIK: 1666134
| Field | Detail |
|---|---|
| Company | Blackline, Inc. (BL) |
| Form Type | 8-K |
| Filed Date | Mar 4, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-change, personnel
TL;DR
BlackLine's CAO is out, new one in starting March 3rd. Salary $325k.
AI Summary
BlackLine, Inc. announced on February 27, 2025, the departure of its Chief Accounting Officer, Michael J. Fitzgerald. The company also appointed Marc Huffman as the new Chief Accounting Officer, effective March 3, 2025. Huffman will receive an annual base salary of $325,000 and is eligible for a discretionary bonus.
Why It Matters
A change in a key financial executive like the Chief Accounting Officer can signal shifts in financial strategy or internal controls, impacting investor confidence.
Risk Assessment
Risk Level: medium — Changes in executive leadership, especially in financial roles, can introduce uncertainty regarding future financial reporting and strategy.
Key Numbers
- $325,000 — New CAO Salary (Marc Huffman's annual base salary as the new Chief Accounting Officer.)
Key Players & Entities
- BlackLine, Inc. (company) — Registrant
- Michael J. Fitzgerald (person) — Departing Chief Accounting Officer
- Marc Huffman (person) — Appointed Chief Accounting Officer
- $325,000 (dollar_amount) — Marc Huffman's annual base salary
FAQ
Who is the new Chief Accounting Officer for BlackLine, Inc.?
Marc Huffman has been appointed as the new Chief Accounting Officer for BlackLine, Inc.
When does the new Chief Accounting Officer's appointment become effective?
The appointment of Marc Huffman as Chief Accounting Officer is effective March 3, 2025.
What was the annual base salary of the departing Chief Accounting Officer?
The filing does not explicitly state the annual base salary of the departing Chief Accounting Officer, Michael J. Fitzgerald.
What is the annual base salary for the new Chief Accounting Officer?
The new Chief Accounting Officer, Marc Huffman, will receive an annual base salary of $325,000.
What is the reason cited for Michael J. Fitzgerald's departure?
The filing states that Michael J. Fitzgerald departed from his role as Chief Accounting Officer, but does not provide a specific reason.
Filing Details
This Form 8-K (Form 8-K) was filed with the SEC on March 4, 2025 by Michael J. Fitzgerald regarding BLACKLINE, INC. (BL).