LIQUIDITY SERVICES INC
For the period ended Sep 30, 2024. Filed Dec 12, 2024.
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FY2024 · Filed Dec 12, 2024
LQDT$44.92+2.9%Stored close · as of Nov 9, 2026
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II—Valuation and Qualifying Accounts
SCHEDULE II—VALUATION AND QUALIFYING ACCOUNTS
(Dollars in Thousands)
| Balance atbeginningof period | Charged(credited) toexpense | Reductions | Balance atend ofperiod | |
|---|---|---|---|---|
| Deferred tax valuation allowance (deducted from net deferred tax assets) | ||||
| Year ended September 30, 2022 | $13,813 | (1,554) | — | $12,259 |
| Year ended September 30, 2023 | 12,259 | 3,770 | — | 16,029 |
| Year ended September 30, 2024 | $16,029 | 1,164 | — | $17,193 |
| Allowance for doubtful accounts (deducted from accounts receivable) | ||||
| Year ended September 30, 2022 | $490 | 136 | (177) | $449 |
| Year ended September 30, 2023 | 449 | 1,392 | (417) | 1,424 |
| Year ended September 30, 2024 | $1,424 | 839 | (583) | $1,680 |
| Provision for inventory allowance (deducted from inventory) | ||||
| Year ended September 30, 2022 | $174 | 96 | (174) | $96 |
| Year ended September 30, 2023 | 96 | 1,048 | (100) | 1,044 |
| Year ended September 30, 2024 | $1,044 | 163 | (1,204) | $3 |
EXHIBIT INDEX
| Exhibit No. | Description |
| 3.1 | Fourth Amended and Restated Certificate of Incorporation, incorporated herein by reference to Exhibit 3.1 to Amendment No. 2 to the Company’s Registration Statement on Form S-1 (Registration No. 333-129656), filed with the SEC on January 17, 2006. |
| 3.1.1 | Certificate of Amendment to the Company’s Fourth Amended and Restated Certificate of Incorporation, incorporated herein by reference to Appendix A to the Company’s Schedule 14A filed with the SEC on January 24, 2023. |
| 3.2 | Amended and Restated Bylaws, incorporated herein by reference to Exhibit 3.1 to the Company's Current Report on Form 8-K, filed with the SEC on August 5, 2022. |
| 4.1 | Form of Certificate of Common Stock of the Company, incorporated herein by reference to Exhibit 4.1 to Amendment No. 5 to the Company’s Registration Statement on Form S-1 (Registration No. 333-129656), filed with the SEC on February 21, 2006. |
| 4.2 | Description of Securities |
| 10.1 | Credit Agreement, dated February 10, 2022, by and between Liquidity Services, Inc., and Wells Fargo Bank, National Association, incorporated herein by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K, filed with the SEC on February 10, 2022. |
| 10.1.1 | First Amendment to Credit Agreement, incorporated herein by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K, filed with the SEC on April 4, 2023. |
| 10.1.2 | Second Amendment to Credit Agreement, dated March 27, 2024, by and between Liquidity Services, Inc., and Wells Fargo Bank, National Association, incorporated herein by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K, filed with the SEC on March 27, 2024. |
| 10.2# | Form of Amended and Restated Executive Employment Agreement, incorporated herein by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K, filed with the SEC on January 20, 2023. |
| 10.3# | Form of Change in Control Agreement, incorporated herein by reference to Exhibit 10.2 to the Company's Current Report on Form 8-K, filed with the SEC on January 20, 2023. |
| 10.4# | Form of Indemnification Agreement for directors and officers, incorporated herein by reference to Exhibit 10.3 to the Company's Quarterly Report on Form 10-Q, filed with the SEC on February 2, 2023 |
| 10.5# | Form of Employee Agreement Regarding Confidentiality, Intellectual Property, and Competitive Activities, incorporated herein by reference to Exhibit 10.4 to the Company's Quarterly Report on Form 10-Q, filed with the SEC on February 2, 2023. |
| 10.8# | Liquidity Services, Inc. Third Amended and Restated 2006 Omnibus Long-Term Incentive Plan, incorporated by reference to Appendix A to the Company's Definitive Proxy Statement on Schedule 14A, filed with the SEC on January 28, 2020. |
| 10.8.1# | 2022 Amendment to the Liquidity Services, Inc. Third Amended and Restated 2006 Omnibus Long-Term Incentive Plan, incorporated by reference to Appendix A to the Company's Definitive Proxy Statement on Schedule 14A, filed with the SEC on January 24, 2022. |
| 10.8.2# | 2024 Amendment to the Liquidity Services, Inc. Third Amended and Restated 2006 Omnibus Long-Term Incentive Plan, incorporated herein by reference to Appendix A to the Company’s Definitive Proxy Statement on Schedule 14A, filed with the SEC on January 19, 2024. |
| 10.9# | Machinio Corp. 2014 Stock Incentive Plan, incorporated herein by reference to Exhibit 10.1 to the Company’s Registration Statement on Form S-8, filed with the SEC on July 10, 2018. |
| 10.10# | Form of Notice of Time-Based Stock Option Grant (Officers). |
| 10.11.1# | Form of Notice of Time-Based Restricted Stock Units Grant (Officers). |
| 10.11.2# | Form of Notice of Time-Based Restricted Stock Units Grant (Director). |
| 10.12# | Form of Notice of Performance Based Stock Option Grant. |
| 10.13# | Form of Notice of Performance-Based Restricted Stock Units Grant. |
| 10.14# | Liquidity Services Inc. Annual Incentive Plan, adopted on December 2, 2020, incorporated herein by reference to Exhibit 10.20 to the Company’s Annual Report on Form 10-K, filed with the SEC on December 11, 2020. |
| 19.1 | Liquidity Services, Inc. Insider Trading Policy |
| 21.1 | List of Subsidiaries. |
| 23.1 | Consent of Deloitte & Touche LLP. |
| 24.1 | Power of Attorney (included on signature page). |
| 31.1 | Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
| 31.2 | Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
| 32.1 | Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |
| 32.2 | Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |
| 97.1 | Revised Liquidity Services, Inc. Clawback Policy, incorporated herein by reference to Exhibit 99.1 to the Company's Quarterly Report on Form 10-Q, filed with the SEC on August 3, 2023. |
| 101 | The following materials from the Registrant's Annual Report on Form 10-K for the year ended September 30, 2024, formatted in Extensible Business Reporting Language (XBRL): (i) Consolidated Balance Sheets as of September 30, 2024 and 2023, (ii) Consolidated Statements of Operations for each of the three years in the period ended September 30, 2024, (iii) Consolidated Statements of Comprehensive Income (Loss) for each of the three years in the period ended September 30, 2024, (iv) Consolidated Statements of Stockholders' Equity for each of the three years in the period ended September 30, 2024, (v) Consolidated Statements of Cash Flows for each of the three years in the period ended September 30, 2024, and (vi) Notes to Consolidated Financial Statements. |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101). |
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