-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, EHmsm4jBwcaBJVFAx79yDfoYFd+04/ETjx1k15PDjTxfhqjZ+34++X/Bs0x4PG6P DEpTR5Fkbi871D5LJr5JEA== 0001104659-07-081831.txt : 20071109 0001104659-07-081831.hdr.sgml : 20071109 20071109165358 ACCESSION NUMBER: 0001104659-07-081831 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20071105 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers FILED AS OF DATE: 20071109 DATE AS OF CHANGE: 20071109 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LIQUIDITY SERVICES INC CENTRAL INDEX KEY: 0001235468 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 000000000 FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-51813 FILM NUMBER: 071232517 BUSINESS ADDRESS: STREET 1: 1920 L STREET, N.W. STREET 2: 6TH FLOOR CITY: WASHINGTON STATE: DC ZIP: 20036 BUSINESS PHONE: 2024676868 MAIL ADDRESS: STREET 1: 1920 L STREET, N.W. STREET 2: 6TH FLOOR CITY: WASHINGTON STATE: DC ZIP: 20036 8-K 1 a07-29044_18k.htm 8-K

 

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)                        November 5, 2007

 

LIQUIDITY SERVICES, INC.

(Exact name of registrant as specified in its charter)

 

Delaware

0-51813

52-2209244

(State or other jurisdiction
(Commission

(IRS Employer
of incorporation)

File Number)
Identification No.)

 

1920 L Street, N.W., 6th Floor, Washington, D.C.

20036

(Address of principal executive offices)

(Zip Code)

 

Registrant’s telephone number, including area code         (202) 467-6868

 

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 5.02.   Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On November 5, 2007, the Compensation Committee (the “Committee”) of the Board of Directors of Liquidity Services, Inc. (the “Company”) approved annual incentive cash bonuses for the Company’s named executive officers with respect to the fiscal year ended September 30, 2007, in each case pursuant to the executive employment agreement currently in place with such named executive officer.  The annual incentive cash bonuses approved by the Committee for the named executive officers during fiscal year 2007 are set forth below.

Name and Principal Position

 

Annual Incentive Bonus for Fiscal Year 2007

William P. Angrick, III
Chairman and Chief Executive Officer

 

$275,000

Jaime Mateus-Tique
President, Chief Operating Officer

 

$196,000

Benjamin Brown
Chairman, LSI’s Technology Advisory Committee, and Chief Technology Officer, Government Liquidation.com, LLC

 

$140,000

James M. Rallo
Chief Financial Officer and Treasurer

 

$155,000

Thomas B. Burton
President and Chief Operating Officer, Government Liquidation.com, LLC

 

$180,000

 

 

 

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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: November 9, 2007

By:

/s/ James E. Williams

 

Name:

James E. Williams

 

Title:

Vice President, General Counsel and Corporate Secretary

 

 

 

 

 

 

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