LQDT Files Routine 8-K Under Regulation FD Disclosure

TL;DR

**LQDT filed a routine 8-K, nothing new to see here.**

AI Summary

Liquidity Services, Inc. filed an 8-K on January 3, 2024, under Regulation FD Disclosure. This filing is a routine update, indicating no new material events or changes in the company's financial or operational status. For investors, this means there's no immediate new information that would significantly impact their investment decision, suggesting business as usual for LQDT.

Why It Matters

This filing is a standard disclosure, indicating no new material information that would immediately affect the company's stock price or investor sentiment. It's essentially a 'no news is good news' scenario for existing shareholders.

Risk Assessment

Risk Level: low — The filing is a standard Regulation FD disclosure with no new material information, posing no immediate risk.

Analyst Insight

A smart investor would note this as a routine filing, indicating no immediate need for action. It confirms business as usual for LQDT, and further research into their core business and financials would be more impactful than this specific filing.

Key Players & Entities

• Liquidity Services, Inc. (company) — the registrant filing the 8-K
• January 03, 2024 (date) — date of earliest event reported and filing date
• 000-51813 (string) — Commission File Number for Liquidity Services, Inc.
• Delaware (string) — State of Incorporation for Liquidity Services, Inc.
• 6931 Arlington Road Suite 460, Bethesda, Maryland, 20814 (string) — Principal Executive Offices address for Liquidity Services, Inc.

FAQ

Key Financial Figures

• $0.001 — nge on which registered Common Stock, $0.001 par value LQDT The Nasdaq Stock Mar
• $13.5 million — ipment footprint. The purchase price of $13.5 million was paid in cash at the time of closing

Filing Documents

• lqdt-20240103.htm (8-K) — 43KB
• lqdt-ex99_1.htm (EX-99.1) — 22KB
• img213965500_0.jpg (GRAPHIC) — 6KB
• 0000950170-24-000535.txt ( ) — 201KB
• lqdt-20240103_pre.xml (EX-101.PRE) — 10KB
• lqdt-20240103.xsd (EX-101.SCH) — 2KB
• lqdt-20240103_lab.xml (EX-101.LAB) — 13KB
• lqdt-20240103_htm.xml (XML) — 5KB

01 Regulation FD

Item 7.01 Regulation FD. On January 3, 2024, Liquidity Services, Inc. (the “Company”) issued a press release announcing the acquisition of all of the issued and outstanding equity securities of Sierra Auction Management, Inc. (“Sierra Auction”) and G&G Salvage and Liquidations, Inc., pursuant to a definitive agreement, dated as of December 1, 2023, by and among Liquidity Services Operations LLC, a wholly-owned subsidiary of the Company, on the one hand, and Makers, Inc. and the other parties thereto, on the other hand. Sierra Auction is a full-service auction company specializing in the sale of vehicles, equipment and surplus assets for government agencies, commercial businesses, and charities. Established in 1986 in Phoenix, AZ, Sierra Auction is the sole auction outlet for seized and forfeited assets from several prominent state and county government agencies in Arizona. Additionally, Sierra has partnered with numerous charity organizations to auction donated vehicles. The transaction accelerates Liquidity Services’ penetration of the southwest US market for municipal government surplus and expands the size of Liquidity Services’ overall transportation and used equipment footprint. The purchase price of $13.5 million was paid in cash at the time of closing and will be subject to a customary working capital adjustment. Sierra Auction's financial results will be included within the Company’s GovDeals reportable segment. The impact on the Company’s consolidated financial results is expected to be accretive in the 2024 fiscal year but it is not expected to be material in the Company’s 2024 fiscal year. A copy of this press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The information in this Item 7.01 and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, o

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits (d) Exhibits Exhibit Number Description of Exhibit 99.1 Press Release of Liquidity Services, Inc., announcing the acquisition of Sierra Auction Management, Inc. and G&G Salvage and Liquidations, Inc., dated as of January 3, 2024 104 Cover Page Interactive Data File (embedded within Inline XBRL document)

SIGNATURES

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. LIQUIDITY SERVICES, INC. (Registrant) Date: January 3, 2024 By: /s/ Mark A. Shaffer Name: Mark A. Shaffer Title: Chief Legal Officer and Corporate Secretary

View Full Filing

View this 8-K filing on SEC EDGAR