LIQUIDITY SERVICES, INC. (NASDAQ:LQDT) Files An 8-K Other Events
Item 8.01. Other Events.
LIQUIDITY SERVICES, INC. (NASDAQ:LQDT) Files An 8-K Other Events
On June 10, 2019, the Defense Logistics Agency Disposition Services (the “DLA”) of the Department of Defense notified Liquidity Services, Inc. (the “Company”) that the option periods on the Scrap and Salvage Recycling Term Sale (Sales Contract Number 16-6049-0001) between the DLA and the Company (the “Scrap Contract”) will not be exercised. The phase-out period under the Scrap Contract began on June 10, 2019. The Scrap Contract will conclude at the end of its base term on September 30, 2019.
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.