This excerpt taken from the LQDT 8-K filed Feb 6, 2009.
Item 1.01. Entry into a Material Definitive Agreement.
At the Annual Meeting of Stockholders of Liquidity Services, Inc. (the Company) held on February 2, 2009, stockholders approved an increase of 5,000,000 shares of the Companys common stock available for issuance under the Companys 2006 Omnibus Long-Term Incentive Plan (the Plan) to a total of 10,0000,000 shares, and an increase in the number of shares that may be issued as Incentive Stock Options under the Plan to 10,000,000 shares (subject to the overall limit of 10,000,000 awards under the Plan).
The Plan was originally filed as Exhibit 10.10 to Amendment No. 3 to the Companys Registration Statement on Form S-1, filed with the Securities and Exchange Commission (the SEC) on February 1, 2006. The Plan, as amended and restated, will be filed as an exhibit to the Companys next periodic report or registration statement filed with the SEC.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.