SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
December 7, 2009
------------------
(Date of Report)
ALANCO TECHNOLOGIES, INC.
-------------------------
(Exact name of Registrant as specified in its charter)
0-9437
---------
(Commission File No.)
ARIZONA 86-0220694
--------------------------- ---------------------------------
(State of other jurisdiction( (IRS Employer Identification No.)
15575 N 83RD WAY, SUITE 3, SCOTTSDALE, ARIZONA 85260
-------------------------------------------------------
(Address of Principal Executive Office) (Zip Code)
(480) 607-1010
----------------------------------------------------
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K/A filing is intended to
simultaneously safisfy the filing obligation of the registrant under any of
the following provisions (see General Instruction A.2. below):
( ) Written communication pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
( ) Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
( ) Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
( ) Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
This 8-K/A is filed to correct the date that the Company entered into the
agreement described below from the effective date of the agreement of September
16, 2009 to the date that the agreement finally executed by the parties of
September 21, 2009, and to more fully describe the material terms of the
agreement and related matters in compliance with the requirements of Form 8-K.
Item 1.01 Entry into a Material Definitive Agreement
Item 2.03 Creation of a Direct Financial Obligation
Item 3.02 Unregistered Sales of Equity Securities
The Company entered into an agreement on September 21, 2009, that by its terms
was effective September 16th, 2009, with Tenix Holding Inc., a Delaware
corporation ("Tenix"). The Company owed $360,000, plus accrued interest, to
Tenix as the remaining balance under the Company's obligation to Tenix
originating from the Company's acquisition of StarTrak Systems, LLC in 2006.
The Company and Tenix agreed that the remaining balance and accrued interest
shall be retired by the Company issuing 1,000,000 shares of its Class A Common
Stock to Tenix in payment thereof. The agreement also requires the Company to
issue up to an additional 150,000 shares of the Company's Class A Common Stock
to Tenix if the weighted average closing price of such stock for the period from
October 1, 2009 through November 30, 2009 is less than $0.45 per share. (The
actual weighted average closing price of such stock for such period was $0.47
therefore no additional shares shall be issued to Tenix under the agreement.)
Tha issuance of the shares to Tenix is exempt from registration pursuant to
Section 4(2) of the Securities Act of 1933 because it did not involve a public
offering.
Item 9.01 Financial Statements and Exhibits
Exhibits 99.1 Agreement to Exchange Stock for Note
SIGNATURE
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.
Date: December 7, 2009 ALANCO TECHNOLOGIES, INC.
By: /s/John A Carlson
-----------------------
Chief Financial Officer