---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-069050"
form_type: "8-K"
ticker: "LQDT"
cik: "0001235468"
company_name: "LIQUIDITY SERVICES INC"
filed_at: "2023-12-08T23:59:59+00:00"
generated_at: "2026-06-07T15:27:09.309259+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Director Phillip Clough to resign from Liquidity Services board effective Feb 2, 2024

## Summary
- Phillip A. Clough resigns as director effective Feb 2, 2024; part of long-term succession planning, not due to any disagreement.
- Board size will reduce from 8 to 7 members upon Clough's departure.
- Katharin S. Dyer appointed Chair of Governance Committee; Amath Fall appointed Chair of Audit Committee.
- Current Audit Committee Chair Mr. Ellis remains on Audit Committee and joins Governance Committee.

## SEC filing metadata
- accession: 0000950170-23-069050
- form_type: 8-K
- ticker: LQDT
- cik: 0001235468
- company_name: LIQUIDITY SERVICES INC
- filed_at: 2023-12-08T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1235468/000095017023069050/0000950170-23-069050-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1235468/000095017023069050/lqdt-20231205.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-069050
- JSON: https://secwatch.observer/filing/0000950170-23-069050.json
- Plain text: https://secwatch.observer/filing/0000950170-23-069050.txt

## Key facts
- Executive change
  Phillip A. Clough resigned as Director at LIQUIDITY SERVICES INC.
  - Action: resigned
  - Role: Director
  source text: Phillip A. Clough, a member of the Board of Directors (the “Board”) of Liquidity Services, Inc. (the “Company”), the chair of the Corporate Governance and Nominating Committee of the Board (the “Governance Committee”), and a member of the Company’s Compensation Committee, notified the Company of his intention to resign from the Board effective February 2, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1235468/000095017023069050/0000950170-23-069050-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.