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LIQUIDITY SERVICES INC Capital/Financing Update 2021

Mar 8, 2021

32353_rns_2021-03-08_17fedaa3-e8f8-416f-80d2-c06704c85db2.zip

Capital/Financing Update

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) March 8, 2021

LIQUIDITY SERVICES, INC.

(Exact name of registrant as specified in its charter)

Delaware 0-51813 52-2209244
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
6931 Arlington Road, Suite 200 , Bethesda , MD 20814
(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code ( 202) 467-6868

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered
Common Stock, $0.001 par value LQDT Nasdaq

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging Growth Company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 Other Events.

On March 8, 2021, Liquidity Services, Inc. (the “ Company ”) issued a press release announcing that the Company's Board of Directors authorized the repurchase of up to $10 million of the Company's outstanding shares of common stock through March 31, 2023. A copy of the press release is attached as Exhibit 99.1 to this report and is incorporated by reference into this Item 8.01.

Item 9.01 Financial Statements and Exhibits

The following is a complete list of exhibit(s) filed as part of this Report.

Exhibit number(s) correspond to the number(s) in the exhibit table of Item 601 of Regulation S-K.

(d) Exhibits

Exhibit No. Description

99.1 Press Release date d March 8, 2021

104 Cover Page Interactive Data Field

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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.

LIQUIDITY SERVICES, INC.
(Registrant)
Date: March 8, 2021 By: /s/ Mark A. Shaffer
Name: Mark A. Shaffer
Title: Chief Legal Officer and Corporate Secretary

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Exhibit Index

Exhibit No. Description
99.1 Press Release dated March 8, 2021
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

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