Liquidity Services Inc 8-K, filed Sep 8, 2023
Liquidity Services Inc (LQDT)
About this 8-K
Liquidity Services Inc filed this 8-K on September 8, 2023.
Items reported
- Item 7.01: Regulation FD disclosure
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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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 7.01 Regulation FD.
On September 8, 2023, the Board of Directors (the “Board”) of Liquidity Services, Inc. (the “Company”) authorized the repurchase of up to $17 million of the Company's outstanding shares of common stock, par value $0.001 per share (the “Common Stock”), which includes $1,754,817.60 of remaining repurchase authority previously granted by the Board on March 13, 2023, and an additional $15,245,182.40 of new repurchase authority.
The timing, price and volume of Common Stock repurchases will be based on market conditions, relevant securities laws, and other factors. Repurchases may be made in the open market, through block trades, pursuant to any trading plan that the Company may adopt in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, or in privately negotiated transactions. The repurchase authority granted by the Board will expire on December 31, 2025, provided that the Board may terminate or amend the authorization at any time prior to such expiration.
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: September 8, 2023 |
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/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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