On August 13, 2021, Liquidity Services, Inc. announced selected changes to its marketing department to support its go to market activities to acquire new customers. As part of the new organizational structure, the position of Chief Marketing Officer of the Company, was eliminated and, accordingly, Mr. Nicholas Rozdilsky was terminated without cause effective the same date. Further, to better integrate and optimize marketing technology into platform, Mr. Stephen Weiskircher, the Company's Chief Technology Officer, will assume Mr. Rozdilsky's responsibilities for data analytics and product management.