Attached files

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EX-10.1 - EX-10.1 - LIQUIDITY SERVICES INCa14-7769_1ex10d1.htm
EX-10.2 - EX-10.2 - LIQUIDITY SERVICES INCa14-7769_1ex10d2.htm

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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): March 11, 2014

 


 

LIQUIDITY SERVICES, INC.

(Exact Name of Registrant as Specified in its Charter)

 

Delaware

 

0-51813

 

52-2209244

(State or Other
Jurisdiction of
Incorporation)

 

(Commission File Number)

 

(IRS Employer
Identification Number)

 

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 1.01

 

Entry into a Material Definitive Agreement.

 

On March 11, 2014, Liquidity Services, Inc. (the “Company”) and Bank of America, N.A. (the “Lender”) entered into the Third Amendment to Financing and Security Agreement (the “Third Amendment”) which amends the Financing and Security Agreement, dated April 30, 2010, as amended, by and between the Company and the Lender (the “Financing Agreement”).  The Third Amendment amended the Financing Agreement to, among other changes, increase the facility for letters of credit from $10,000,000 to $15,000,000 and extended the expiration date of the credit facility from May 31, 2014 to May 31, 2015.

 

The above summary is qualified in its entirety by reference to the full text of the Third Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein.

 

Item 9.01

 

Financial Statements and Exhibits.

 

(d)

 

Exhibits

 

Exhibit No.

 

Description

10.1

 

Third Amendment to Financing and Security Agreement, dated March 11, 2014, by and between Liquidity Services, Inc. and Bank of America, N.A.

 

 

 

10.2

 

Second Amended and Restated Revolving Credit Note, dated March 11, 2014, issued by Liquidity Services, Inc. to Bank of America, N.A.

 

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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)

 

 

 

 

By:

/s/ James E. Williams

 

 

Name: James E. Williams

 

 

Title: Vice President, General Counsel and Corporate Secretary

 

 

 

 

 

 

Date: March 11, 2014

 

 

 

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Exhibit Index

 

Exhibit No.

 

Description

10.1

 

Third Amendment to Financing and Security Agreement, dated March 11, 2014, by and between Liquidity Services, Inc. and Bank of America, N.A.

 

 

 

10.2

 

Second Amended and Restated Revolving Credit Note, dated March 11, 2014, issued by Liquidity Services, Inc. to Bank of America, N.A.

 

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