On January 27, 2014, Mr. Cayce Roy notified Liquidity Services, Inc. of his decision to resign as Executive Vice President and President, Retail Supply Chain Group, effective as of February 7, 2014. Mr. James M. Rallo will serve as acting President, Retail Supply Chain Group following Mr. Roy's resignation. Mr. Rallo has served as the company's Chief Financial Officer and Treasurer since February 2005.

Effective as of February 5, 2014, Ms. Kathy Domino, the company's Vice President and Corporate Controller, will be appointed the company's Chief Accounting Officer. Ms. Domino will continue to report to Mr. Rallo. Ms. Domino has served as Corporate Controller since joining the company in 2006.