SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
February 17, 2010
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(Date of Report)
ALANCO TECHNOLOGIES, INC.
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(Exact name of Registrant as specified in its charter)
0-9437
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(Commission File No.)
ARIZONA 86-0220694
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(State of other jurisdiction( (IRS Employer Identification No.)
15575 N 83RD WAY, SUITE 3, SCOTTSDALE, ARIZONA 85260
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(Address of Principal Executive Office) (Zip Code)
(480) 607-1010
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(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K 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))
Item 3.03 Material Modification to Rights of Security Holders
Item 5.03 Amendments to Articles of Incorporation or Bylaws;
Change in Fiscal Year.
On February 16, 2010, Alanco Technologies, Inc., an Arizona corporation (the
"Company"), completed an Agreement with shareholders holding the Company's
Series D Preferred Stock, whereby the Series D Preferred shareholders agreed to
amend the Powers, Preferences, Rights and Limitations of the Series of the
Preferred Stock of Alanco Technologies, Inc. designated Series D Convertible
Preferred Stock effective December 31, 2009. The material modifications in the
Agreement were to reduce the quarterly dividend from 15% to 5% and to provide a
conversion feature whereby the Series D Preferred Stock could be converted into
Class A Common Stock of the Company at the conversion rate of $.50 per share.
Item 9.01
Exhibit 99.1 Amended Powers, Preferences, Rights and Limitations
of the Series of the Preferred Stock of Alanco
Technologies, Inc. Designated Series D Convertible
Preferred Stock
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: February 17, 2010 ALANCO TECHNOLOGIES, INC.
By: /s/John A Carlson
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Chief Financial Officer