LIQUIDITY SERVICES,INC. (NASDAQ:LQDT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On June 18, 2018, Mr. Sam Guzman joined the Company and was appointed as the Company’s Vice President and Chief Accounting Officer. Mr. Guzman, age 43, reports to Mr. Jorge A. Celaya, the Company’s Executive Vice President and Chief Financial Officer.

As Chief Accounting Officer, Mr. Guzman will lead the Company’s accounting and financial reporting team. The Company looks forward to leveraging Mr. Guzman’s more than 18 years of accounting experience. Prior to joining the Company, Mr. Guzman worked for Orbital ATK as Senior Director – Assistant Corporate Controller. Prior to this, Mr. Guzman worked for Booz Allen Hamilton, Deloitte & Touche LLP, Reznick Group, P.C., the Public Company Accounting Oversight Board and Electronic Data Systems.

Mr. Guzman’s base salary is $225,000 and his target bonus percentage is 50% of his base salary. Mr. Guzman will be eligible for a prorated annual incentive bonus for fiscal year 2018. In connection with his appointment, Mr. Guzman will receive a grant of 40,000 shares of restricted stock, subject to approval by the Board of Directors. In subsequent years, Mr. Guzman will be eligible to receive additional long-term incentive compensation each year as approved by the Company’s Board of Directors.

There are no family relationships between Mr. Guzman and any other director or executive officer of the Company. The Company had no transactions, and has no transaction proposed, in which Mr. Guzman, or any member of his immediate family, has a direct or indirect material interest.

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.