Business Context and Reporting Period
This Form 8-K filing by Liquidity Services, Inc. reports on the results of the 2010 Annual Meeting of Stockholders held on March 17, 2010. The filing serves as a current report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is a corporate governance report regarding shareholder votes and does not contain financial performance data.
Material Changes
No material financial changes are reported in this filing. The document details the successful election of directors and the ratification of the independent auditor.
Guidance, Outlook, and Corporate Actions
Submission of Matters to a Vote of Security Holders:
- Election of Directors: Three nominees were elected to serve until the 2013 Annual Meeting or until a successor is qualified.
- William P. Angrick, III: 23,451,486 votes For; 130,253 Withheld; 1,226,616 Broker Non-Votes.
- F. David Fowler: 23,507,027 votes For; 74,712 Withheld; 1,226,616 Broker Non-Votes.
- David A. Perdue, Jr.: 23,252,459 votes For; 329,280 Withheld; 1,226,616 Broker Non-Votes.
- Ratification of Auditors: Shareholders ratified the selection of Ernst & Young LLP as the Independent Registered Public Accounting Firm for Fiscal 2010.
- For: 24,781,062
- Against: 23,385
- Abstain: 3,908
Investor Verification Checklist
- Verify the tenure of the newly elected directors (William P. Angrick, III; F. David Fowler; David A. Perdue, Jr.) extends through the 2013 Annual Meeting.
- Confirm that Ernst & Young LLP is the appointed auditor for the fiscal year ending 2010.
- Note that this filing contains no financial results; refer to the most recent 10-K or 10-Q for financial metrics.