Liquidity Services board changes: Gross retires, Infante named Lead Independent Director, Fall appointed

LIQUIDITY SERVICES INC

Director Patrick W. Gross, serving since 2001, retires effective Feb 1, 2023 as part of succession plan.
Beatriz V. Infante elected Lead Independent Director; she chairs Compensation Committee and serves on Audit Committee.
Thierno 'Amath' Fall appointed to board and Audit Committee effective Feb 1, 2023; Fall is Operating Partner at The Sterling Group.
Fall qualifies as independent and is designated audit committee financial expert; holds CPA and multiple certifications.

item 5.02

Executive movements

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Appointed

Thierno "Amath" Fall

Director

LQDT · LIQUIDITY SERVICES INC

Effective: 2023-02-01
Filed: February 2, 2023, 6:59 PM ET

The Board also appointed Thierno "Amath" Fall, as a director of the Company and a member of the Audit Committee, effective February 1, 2023.

Departed

Patrick W. Gross

Director and Lead Independent Director

LQDT · LIQUIDITY SERVICES INC

Effective: 2023-02-01
Successor: Thierno "Amath" Fall
Filed: February 2, 2023, 6:59 PM ET

Patrick W. Gross, a member of the Board of Directors (the “Board”) of Liquidity Services, Inc. (the “Company”), a member of the Audit Committee of the Board (the “Audit Committee”), the Corporate Governance and Nominating Committee of the Board, and the Company’s Lead Independent Director, notified the Company of his intention to retire effective February 1, 2023.

Appointed

Beatriz V. Infante

Lead Independent Director

LQDT · LIQUIDITY SERVICES INC

Effective: 2023-02-01
Filed: February 2, 2023, 6:59 PM ET

Following the departure of Mr. Gross, the Company’s independent directors elected Beatriz V. Infante as the Lead Independent Director effective February 1, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Thierno "Amath" Fall was appointed as Director at LIQUIDITY SERVICES INC.

Action: appointed
Role: Director

Exact text from the filing

The Board also appointed Thierno "Amath" Fall, as a director of the Company and a member of the Audit Committee, effective February 1, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Patrick W. Gross retired as Director and Lead Independent Director at LIQUIDITY SERVICES INC.

Action: retired
Role: Director and Lead Independent Director

Exact text from the filing

Patrick W. Gross, a member of the Board of Directors (the “Board”) of Liquidity Services, Inc. (the “Company”), a member of the Audit Committee of the Board (the “Audit Committee”), the Corporate Governance and Nominating Committee of the Board, and the Company’s Lead Independent Director, notified the Company of his intention to retire effective February 1, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Beatriz V. Infante was elected as Lead Independent Director at LIQUIDITY SERVICES INC.

Action: elected
Role: Lead Independent Director

Exact text from the filing

Following the departure of Mr. Gross, the Company’s independent directors elected Beatriz V. Infante as the Lead Independent Director effective February 1, 2023.

View on SEC.gov

LIQUIDITY SERVICES INC filing history →

Source: SEC EDGAR

accession 0000950170-23-001722

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