Liquidity Services Mourns the Loss of Long-Serving Director George H. Ellis

Rhea-AI Summary

Liquidity Services (NASDAQ: LQDT) announced the passing of long-serving director George H. Ellis, who served on the Board from May 2010 until his retirement in February 2026. Mr. Ellis chaired the Audit Committee and served on the Corporate Governance and Nominating Committees.

The company highlighted his decades of experience, including prior roles as CFO of Sterling Software and Sterling Commerce, and offered condolences to his family while noting his mentorship and contributions to the firm's governance and strategic growth.

News Market Reaction – LQDT

+1.83%

1 alert

+1.83% News Effect

On the day this news was published, LQDT gained 1.83%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Board service start: May 2010 Retirement date: February 2026

2 metrics

Board service start May 2010 George H. Ellis joined Board of Directors

Retirement date February 2026 Ellis retired from Board committees

Market Reality Check

Price: $31.24 Vol: Volume 135,010 is below t...

normal vol

$31.24 Last Close

Volume Volume 135,010 is below the 20-day average of 175,990 (relative volume 0.77x). normal

Technical Shares at $30.68 trade 12.27% below the 52-week high and 41.58% above the 52-week low, remaining above the 200-day MA of $26.86.

Peers on Argus

LQDT is modestly lower (-0.16%) while key Internet Retail peers in the sector se...

1 Up

LQDT is modestly lower (-0.16%) while key Internet Retail peers in the sector set are positive (e.g., HEPS +3.38%, TDUP +3.34%), and only TDUP appears in the momentum scanner.

Common Catalyst One peer (RERE) issued an earnings date announcement, suggesting routine calendar news rather than a broad governance-related sector catalyst.

Historical Context

5 past events · Latest: Feb 05 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 05	Q1 2026 earnings	Positive	+4.7%	Reported Q1 FY2026 results with higher GAAP income and EBITDA growth.
Jan 06	Earnings call notice	Neutral	+0.9%	Announced timing and access details for upcoming Q1 FY2026 earnings call.
Nov 20	Q4/FY2025 earnings	Positive	+13.4%	Reported strong Q4 and full-year FY2025 growth with higher revenue and EBITDA.
Oct 22	Product expansion	Positive	+0.0%	Launched Machinio service management tools expanding platform capabilities.
Oct 20	Earnings call notice	Neutral	+2.6%	Scheduled Q4 FY2025 earnings release and investor conference call details.

Pattern Detected

Recent earnings-related releases have generally coincided with positive price reactions, especially on full results.

Recent Company History

Over the past several months, Liquidity Services reported strong fundamentals, including Q4 FY2025 results with revenue of $118.1M (+10%) and FY2025 revenue of $476.7M (+31%), alongside cash of $185.8M and no financial debt. Q1 FY2026 results showed revenue of $121.2M and GAAP EPS of $0.23, again with positive price reactions. Conference-call notices and a Machinio product expansion drew modest but generally positive moves. Against this backdrop, the director obituary is a governance event rather than a financial inflection point.

Market Pulse Summary

This announcement centers on the passing of a long-serving director, emphasizing his governance role...

Analysis

This announcement centers on the passing of a long-serving director, emphasizing his governance roles and contributions rather than any change to Liquidity Services’ financial outlook. Recent history shows solid earnings growth and strong cash positions, with news events typically drawing aligned, positive reactions. Investors may focus on how the Board addresses succession for committee roles and maintains oversight quality, while continuing to monitor upcoming earnings releases and capital allocation decisions for signs of strategic continuity.

Key Terms

audit committee, corporate governance and nominating committees

2 terms

audit committee financial

"His business acumen, particularly during his long tenure as Audit Committee Chair"

A company's audit committee is a small group of board members who act like independent inspectors for the firm's finances, overseeing how financial reports are prepared, monitoring internal controls, and managing the relationship with external auditors. Investors care because a strong audit committee reduces the risk of accounting errors, fraud, or misleading statements, making financial statements more trustworthy and helping protect shareholder value.

corporate governance and nominating committees regulatory

"serving on the Audit and Corporate Governance and Nominating Committees"

Committees of a company’s board that oversee how the company is run and who runs it — one focuses on corporate governance (setting rules, ethics, board structure and oversight) and the other on nominating (finding, vetting and recommending board candidates). They matter to investors because they shape leadership quality, accountability and risk controls; think of them as the company’s rule‑makers and hiring panel, which can affect performance and trust.

AI-generated analysis. Not financial advice.

BETHESDA, Md., Feb. 25, 2026 (GLOBE NEWSWIRE) -- Liquidity Services, Inc. (NASDAQ: LQDT) today announced with deep sadness the passing of George H. Ellis, who served as a distinguished member of its Board of Directors since May 2010. Mr. Ellis was a vital contributor to the company’s governance, serving on the Audit and Corporate Governance and Nominating Committees until his retirement in February 2026. 

"George was a dedicated steward of our company’s mission, a trusted advisor, friend and mentor to our leadership team," said Bill Angrick, Chairman and CEO of Liquidity Services. "His business acumen, particularly during his long tenure as Audit Committee Chair, helped guide our strategic growth and reinforce our commitment to integrity and transparency." 

Mr. Ellis brought decades of experience to the Board, including his tenure as CFO of Sterling Software and Sterling Commerce. His leadership helped shape Liquidity Services into a global leader in the circular economy. 

"We are deeply saddened by this loss and offer our sincerest condolences to the Ellis family," added Beatriz Infante, lead independent director of the Board. "George's mentorship and invaluable contributions will be greatly missed by the entire Board and management team." 

About Liquidity Services, Inc.
Liquidity Services (NASDAQ: LQDT) operates the world's largest B2B e-commerce marketplace platform for surplus assets with over $15 billion in completed transactions to more than six million qualified buyers and 15,000 corporate and government sellers worldwide. The company supports its clients' sustainability efforts by helping them extend the life of assets, prevent unnecessary waste and carbon emissions, and reduce the number of products headed to landfills.

Contact:
Liquidity Services, Inc.
Investor Relations
202-467-6868

FAQ

When did George H. Ellis serve on Liquidity Services' board (LQDT)?

He served on Liquidity Services' board from May 2010 until February 2026. According to Liquidity Services, Mr. Ellis retired in February 2026 after more than 15 years of Board service and long tenure as Audit Committee chair.

What Board committees did George H. Ellis serve on at LQDT?

Mr. Ellis served on the Audit, Corporate Governance and Nominating Committees. According to Liquidity Services, he was particularly influential as Audit Committee chair and contributed to governance and financial oversight during his tenure.

What prior experience did George H. Ellis bring to Liquidity Services (LQDT)?

He brought decades of executive finance experience, including roles as CFO of Sterling Software and Sterling Commerce. According to Liquidity Services, those prior CFO roles informed his governance contributions and oversight on the Board and audit matters.

How did Liquidity Services (LQDT) react to George H. Ellis' passing?

The company expressed deep sadness and offered condolences to the Ellis family. According to Liquidity Services, leadership praised his mentorship, business acumen, and long-standing contributions to the company’s mission and governance.

What impact did George H. Ellis have on Liquidity Services' governance?

He shaped governance through long service and Audit Committee leadership, strengthening oversight and transparency. According to Liquidity Services, his guidance helped steer strategic growth and reinforce the company's commitment to integrity during his tenure.

Will Liquidity Services (LQDT) replace George H. Ellis on the Board?

The announcement did not specify a replacement or succession plan. According to Liquidity Services, the statement focused on condolences, Mr. Ellis' service, and his contributions rather than details about Board succession.