liquidity services inc (LQDT:NASDAQ GS)

Executive Profile*

Background*

Mr. Franklin D. Kramer, Frank has been an Operating Advisor for Pegasus Capital since March 2007. Mr. Kramer served as Executive Vice President of Changing World Technologies, Inc. from February 2002 to December 2003. From January 2004 to January 2006, he served as a consultant to Changing World Technologies. Mr. Kramer served for over 20 years as a partner and associate in the law firm Shea & Gardner. From March 2001 to May 2005, he was a lawyer at Shea & Gardner, now ... Goodwin Procter LLP. Since February 2004, Mr. Kramer has been an independent consultant. His areas of concentration include international transactions and trade, government contracts, acquisitions and finance, and antitrust. From March 1996 to February 2001, Mr. Kramer served as Assistant U.S. Secretary of Defense in charge of International Affairs and was responsible for the formulation and implementation of international defense and political-military policy, with coverage in Europe, the Middle East, Asia and Africa. Mr. Kramer has been a Non-Executive Director of Liquidity Services, Inc. since September 2001. He served as a Director of Changing World Technologies, Inc., from February 2002 to April 2006. In addition to his work, Mr. Kramer has also served as the President of the World Affairs Council of Washington, D.C.; an advisory board member for the Center for National Policy; a member of the Technical Advisory Committee for the Center for Naval Analyses' Strategic Policy Analysis Group; a principal on the Council for Excellence in Government; and a member of the International Institute of Strategic Studies and the Strategic Advisory Board of Lockheed Martin. Mr. Kramer received his B.A. degree cum laude from Yale University in 1967 and earned his J.D. degree magna cum laude from Harvard Law School in 1971.

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