One Activist After Another: Blackline Gets a New 13D Filer -- Market Talk

Dow Jones

Mar 14

1509 ET - Two days after Blackline reported a cooperation agreement with Engaged Capital, another activist investor emerges. FiveSpan Partners reported a 5.1% stake in the financial software company Thursday in a 13D filing. FiveSpan said it expects from time to time to talk to Blackline about topics such as management, board composition and capital allocation. In January, Engaged called for board changes, claiming the board failed in its fiduciary duty and complaining of "prolonged underperformance." This week, Blackline said it named Storm Duncan and Megan Prichard to the board in connection with the cooperation agreement. In March 2025, BlackLine named Scott Davidson a director as part of an agreement with Scalar Gauge Fund. (josh.beckerman@wsj.com)

(END) Dow Jones Newswires

March 13, 2026 15:09 ET (19:09 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.etasphere.com/news/2619611739"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2619611739\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2619611739?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-03-14 03:09","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2619611739","market":"sh","top_or_hot":-1,"title":"One Activist After Another: Blackline Gets a New 13D Filer -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1509 ET - Two days after Blackline reported a cooperation agreement with Engaged Capital, another activist investor emerges. FiveSpan Partners reported a 5.1% stake in the financial software company Thursday in a 13D filing. FiveSpan said it expects from time to time to talk to Blackline about topics such as management, board composition and capital allocation. In January, Engaged called for board changes, claiming the board failed in its fiduciary duty and complaining of \"prolonged underperformance.\" This week, Blackline said it named Storm Duncan and Megan Prichard to the board in connection with the cooperation agreement. In March 2025, BlackLine named Scott Davidson a director as part of an agreement with Scalar Gauge Fund. (josh.beckerman@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 13, 2026 15:09 ET (19:09 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>One Activist After Another: Blackline Gets a New 13D Filer -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOne Activist After Another: Blackline Gets a New 13D Filer -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-03-14 03:09</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1509 ET - Two days after Blackline reported a cooperation agreement with Engaged Capital, another activist investor emerges. FiveSpan Partners reported a 5.1% stake in the financial software company Thursday in a 13D filing. FiveSpan said it expects from time to time to talk to Blackline about topics such as management, board composition and capital allocation. In January, Engaged called for board changes, claiming the board failed in its fiduciary duty and complaining of \"prolonged underperformance.\" This week, Blackline said it named Storm Duncan and Megan Prichard to the board in connection with the cooperation agreement. In March 2025, BlackLine named Scott Davidson a director as part of an agreement with Scalar Gauge Fund. (josh.beckerman@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 13, 2026 15:09 ET (19:09 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1815336091.USD","symbol_name":"THREADNEEDLE (LUX) GLOBAL SMALLER COMPANIES \"AUP\" (USD) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2619611739","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2619611739","pubTimestamp":1773428940,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1509 ET - Two days after Blackline reported a cooperation agreement with Engaged Capital, another activist investor emerges. FiveSpan Partners reported a 5.1% stake in the financial software company Thursday in a 13D filing. FiveSpan said it expects from time to time to talk to Blackline about topics such as management, board composition and capital allocation. In January, Engaged called for board changes, claiming the board failed in its fiduciary duty and complaining of \"prolonged underperformance.\" This week, Blackline said it named Storm Duncan and Megan Prichard to the board in connection with the cooperation agreement. In March 2025, BlackLine named Scott Davidson a director as part of an agreement with Scalar Gauge Fund. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1815336091.USD":"THREADNEEDLE (LUX) GLOBAL SMALLER COMPANIES \"AUP\" (USD) INC","LU0757428866.USD":"THREADNEEDLE (LUX) GLOBAL SMALLER COMPANIES \"AE\" (USD) ACC","BL":"Blackline Inc.","BK4023":"应用软件"},"translate_title":"一个又一个积极分子：Blackline获得了新的13D申报程序——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BL":0.9},"content_text":"1509 ET - Two days after Blackline reported a cooperation agreement with Engaged Capital, another activist investor emerges. FiveSpan Partners reported a 5.1% stake in the financial software company Thursday in a 13D filing. FiveSpan said it expects from time to time to talk to Blackline about topics such as management, board composition and capital allocation. In January, Engaged called for board changes, claiming the board failed in its fiduciary duty and complaining of \"prolonged underperformance.\" This week, Blackline said it named Storm Duncan and Megan Prichard to the board in connection with the cooperation agreement. In March 2025, BlackLine named Scott Davidson a director as part of an agreement with Scalar Gauge Fund. (josh.beckerman@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 13, 2026 15:09 ET (19:09 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"shareholding","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}