LQDT 8-K
Liquidity Services Inc (LQDT)
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
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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:
Securities registered pursuant to Section 12(b) of the Act:
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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 1.01 Entry into a Material Definitive Agreement.
Amendment to Credit Agreement
On June 22, 2026, Liquidity Services, Inc. (the “Company”) and Wells Fargo Bank, National Association (the “Lender”) entered into the Fourth Amendment to Credit Agreement, which amends that certain Credit Agreement by and between the Company and the Lender, dated February 10, 2022 (as previously amended, the “Credit Agreement”) by extending the term of the Credit Agreement from March 31, 2027 to March 31, 2028. All other terms and conditions of the Credit Agreement remain in full force and effect without waiver or modification.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
10.1 Fourth Amendment to Credit Agreement
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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.
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LIQUIDITY SERVICES, INC. |
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(Registrant) |
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Date: June 26, 2026 |
By: |
/s/ Mark A. Shaffer |
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Name: |
Mark A. Shaffer |
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Title: |
Chief Legal Officer and |
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Exhibit 10.1
FOURTH AMENDMENT TO CREDIT AGREEMENT
This FOURTH AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) dated June 22, 2026, is entered into by and between LIQUIDITY SERVICES, INC., a Delaware corporation (“Borrower”), and WELLS FARGO BANK, NATIONAL ASSOCIATION (“Bank”).
RECITALS
WHEREAS, Borrower is currently indebted to Bank pursuant to the terms and conditions of that certain Credit Agreement between Borrower and Bank dated February 10, 2022, as amended from time to time (“Credit Agreement”).
WHEREAS, Bank and Borrower have agreed to certain changes in the terms and conditions set forth in the Credit Agreement and have agreed to amend the Credit Agreement to reflect said changes.
NOW, THEREFORE, for valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree that the Credit Agreement shall be amended as follows:
(a) Line of Credit. Subject to the terms and conditions of this Agreement, including any reduction or termination of the Commitment pursuant to Section 2.1(d), Bank hereby agrees to make advances to Borrower from time to time up to and including March 31, 2028, not to exceed at any time the aggregate principal amount of Thirty-Five Million Dollars ($35,000,000.00) (the “Line of Credit”), the proceeds of which shall be used for general corporate purposes. Borrower’s obligation to repay advances under the Line of Credit shall be evidenced by a promissory note dated as of the date hereof, as modified from time to time (the “Line of Credit Note”).
(a) Approval of Bank Counsel. All legal matters incidental to the effectiveness of this Amendment shall be satisfactory to Bank’s counsel.
(b) Documentation. Bank shall have received, in form and substance satisfactory to Bank, each of the following, duly executed by all parties:
(c) Regulatory and Compliance Requirements. All regulatory and compliance requirements, standards and processes shall be completed to the satisfaction of Bank.
[Signatures Continue on the Next Page.]
IN WITNESS WHEREOF, the parties hereto, intending to be legally bound hereby, have caused this Amendment to be effective as of the effective date set forth above.
BORROWER: |
BANK: |
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LIQUIDITY SERVICES, INC.
By: /s/ Mark A. Shaffer Mark A. Shaffer Chief Legal Officer |
WELLS FARGO BANK, NATIONAL ASSOCIATION
By: /s/ Carol Seitz Carol Seitz Executive Director |
GUARANTORS' CONSENT AND REAFFIRMATION
Each of the undersigned guarantors of all indebtedness of Borrower to WELLS FARGO BANK, NATIONAL ASSOCIATION hereby: (i) consents to the foregoing Amendment; (ii) reaffirms its obligations under its respective guaranty; (iii) reaffirms its waivers of each and every one of the defenses to such obligations as set forth in its respective guaranty; and (iv) reaffirms that its obligations under its respective guaranty are separate and distinct from the obligations of any other party under said Amendment and the other Loan Documents described therein.
GUARANTORS:
SIERRA AUCTION MANAGEMENT, INC.
By: /s/ Mark A. Shaffer Mark A. Shaffer Secretary |
LIQUIDITY SERVICES OPERATIONS, LLC
By: /s/ Mark A. Shaffer Mark A. Shaffer Chief Legal Officer
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MACHINIO CORP.
By: /s/ Mark A. Shaffer Mark A. Shaffer Chief Legal Officer
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BID4ASSETS, INC.
By: /s/ Mark A. Shaffer Mark A. Shaffer Chief Legal Officer
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