(b)On March 26, 2018, Mr. Michael Sweeney notified Liquidity Services, Inc. (the “Company”) of his decision to resign as Chief Accounting Officer, effective as of April 20, 2018. Mr. Sweeney will assist the Company with the transition of his responsibilities. Mr. Sweeney’s decision to resign is solely for personal reasons and did not involve any disagreement with the Company, the Company's management or the Board of Directors. The Company has commenced an executive search to fill the Chief Accounting Officer position.

About LIQUIDITY SERVICES, INC. (NASDAQ:LQDT)

Liquidity Services, Inc. operates a network of e-commerce marketplaces that enable buyers and sellers to transact in an automated environment. The Company employs e-commerce marketplace solutions to manage, value and sell inventory and equipment for business and government clients. The Company’s marketplaces provide professional buyers access to a global supply of new, surplus and scrap assets presented with digital images and other relevant product information. Additionally, the Company enables its corporate and government sellers to enhance their financial return on assets offered for sale by providing a liquid marketplace and value-added services. The Company’s range of services include program management, valuation, asset management, reconciliation, Return to Vendor and Returns Management Authorization (RTV and RMA), refurbishment and recycling, fulfillment, marketing and sales, warehousing and transportation, buyer customer support, and compliance and risk mitigation.