Liquidity Services (LQDT) director George Ellis retires as board shrinks to seven members
Rhea-AI Filing Summary
Liquidity Services, Inc. reported that long-time director George H. Ellis will retire from its Board of Directors effective February 4, 2026, as part of the company’s long-term succession planning. He has served on the Board since May 2010 and previously chaired the Audit Committee from 2010 through February 2024.
Following his departure, the Board size will decrease from 8 to 7 directors. The Audit Committee and the Corporate Governance and Nominating Committee will each be reduced from 4 to 3 independent directors, reflecting a streamlined governance structure after his retirement. The company states his retirement is not due to any disagreement regarding operations, policies, or practices.
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8-K Event Classification
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Departure of Director
On February 3, 2026, George H. Ellis, a member of the Board of Directors (the “Board”) of Liquidity Services, Inc. (the “Company”), the Corporate Governance and Nominating Committee (the “Governance Committee”), and the Audit Committee, notified the Company of his intention to retire from the Board effective February 4, 2026. Mr. Ellis has served as a director of the Company since May 2010. His retirement comes as part of the Company’s long-term succession planning process and is not as a result of any disagreement with the Company on any matter relating to its operations, policies or practices.
The Company thanks Mr. Ellis for his many years of service and his past leadership as Chair of the Audit Committee, a position he held from 2010 through February 2024.
Immediately following the departure of Mr. Ellis, the Board has agreed the following changes will take effect: (1) the size of the Board will be reduced from 8 to 7 directors; and (2) the size of each of the Audit Committee and the Governance Committee will be reduced from 4 to 3 independent directors.
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.
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LIQUIDITY SERVICES, INC. |
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Date: February 9, 2026 |
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/s/ Mark A. Shaffer |
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Mark A. Shaffer |
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Chief Legal Officer and |
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