Item 5.02. Election of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
On April 15, 2021, the Board of Directors (the "Board") of BlackLine, Inc.
("BlackLine" or the "Company") appointed Barbara Whye to serve as a member of
the Board. Ms. Whye will serve in the class of directors whose term expires at
the annual meeting of stockholders to be held in 2022.
Since November 2021, Ms. Whye has worked as Vice President of Inclusion &
Diversity at Apple Inc. Before joining Apple, Ms. Whye spent 25 years with Intel
Corporation, a semiconductor chip and technology company, in various roles
including Business operations and Talent Manager, Internal Senior Business
Consultant, Director of Global Strategic Initiatives, Director of Diversity in
Technology Imitative, Director of Strategy and External Alliances and most
recently, Chief Diversity and Inclusion Officer and Corporate Vice President of
Social Impact. Ms. Whye holds a B.S. in electrical engineering from the
University of South Carolina (USC) and holds an M.B.A. from USC's Darla Moore
School of Business.
In accordance with the Company's amended and restated Outside Director
Compensation Policy, the terms of which are described in the Company's proxy
statement for its 2021 annual meeting of stockholders, Ms. Whye is entitled to
cash and equity compensation for service on the Board. Pursuant to the Outside
Director Compensation Policy, as amended in 2019, Ms. Whye is entitled to
$40,000 in annual cash compensation for service on the Board and an initial
equity award with a grant date value of $185,000 multiplied by a fraction,
(1) the numerator of which is (x) 12 minus (y) the number of full months between
the date of the last annual meeting of stockholders and the date the individual
becomes a member of the board and (2) the denominator of which is 12 (rounded to
the nearest whole share). Ms. Whye will also enter into BlackLine's standard
form of indemnification agreement, which has been previously filed with the SEC.
There are no family relationships between Ms. Whye and any director or executive
officer of the Company and she has no direct or indirect material interest in
any transaction required to be disclosed pursuant to Item 404(a) of Regulation
S-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
Number Description
99.1 Press Release issued by BlackLine, Inc., dated April 19, 2021
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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