LIQUIDITY SERVICES INC
For the period ended Mar 31, 2025. Filed May 8, 2025.
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Mar 31, 2025 · Filed May 8, 2025
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Item 5. Other Information
On March 11, 2025, Mark Shaffer, Chief Legal Officer and Corporate Secretary, entered into a Rule 10b5-1 trading arrangement that provides for the sale of 12,055 shares of the Company's Common Stock. The shares of the Company's Common Stock are held directly by Mr. Shaffer, an Officer and Rule 144 affiliate of the Company. The trading arrangement is intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Exchange Act. The duration of the trading arrangement is until the earlier of (1)February 13, 2026, (2) the date on which all transactions under the trading arrangement are completed, or (3) at such time as the trading arrangement is otherwise terminated or expires according to its terms.
On May 7, 2025, the Company entered into a Third Amendment to the Credit Agreement (the Third Amendment) to, among other things: (i) extend the maturity date by an additional 12 months to March 31, 2027, (ii) increase the maximum aggregate principal amount from $25.0 million to $35.0 million, and (iii) increase the sublimit for standby letters of credit from $10.0 million to $35.0 million.
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