UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) September 21, 2006
LIQUIDITY SERVICES, INC.
(Exact name of registrant as specified in its charter)
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Delaware |
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0-51813 |
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52-2209244 |
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(State or other jurisdiction |
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(Commission |
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(IRS Employer |
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of incorporation) |
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File Number) |
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Identification No.) |
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1920 L Street, N.W., 6th Floor, Washington, D.C |
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20036 |
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(Address of principal executive offices) |
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(Zip Code) |
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Registrant’s telephone number, including area code |
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(202) 467-6868 |
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N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01. Entry into a Material Definitive Agreement.
On September 21, 2006, the Compensation Committee of the Board of Directors of Liquidity Services, Inc. (“LSI”) established the base salary levels for LSI’s executive officers for the fiscal year ending September 30, 2007. The base salary levels for the Chairman and Chief Executive Officer and the other four most highly compensated executive officers of LSI are set forth below.
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Name and Principal Position |
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Annual Base Salary for |
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William P. Angrick, III |
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$ |
275,000 |
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Jaime Mateus-Tique |
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$ |
245,000 |
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Benjamin Brown |
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$ |
215,000 |
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James M. Rallo |
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$ |
240,000 |
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Thomas B. Burton |
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$ |
240,000 |
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Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
None.
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 29, 2006 |
By: |
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/s/ James E. Williams |
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Name: James E. Williams |