0000098618-11-000037.txt : 20111214 0000098618-11-000037.hdr.sgml : 20111214 20111214140748 ACCESSION NUMBER: 0000098618-11-000037 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20111214 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20111214 DATE AS OF CHANGE: 20111214 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALANCO TECHNOLOGIES INC CENTRAL INDEX KEY: 0000098618 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER STORAGE DEVICES [3572] IRS NUMBER: 860220694 STATE OF INCORPORATION: AZ FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-09347 FILM NUMBER: 111260591 BUSINESS ADDRESS: STREET 1: 7950 E. ACOMA DRIVE STREET 2: SUITE 111 CITY: SCOTTSDALE STATE: AZ ZIP: 85260 BUSINESS PHONE: 4806071010 MAIL ADDRESS: STREET 1: 7950 E. ACOMA DRIVE STREET 2: SUITE 111 CITY: SCOTTSDALE STATE: AZ ZIP: 85260 FORMER COMPANY: FORMER CONFORMED NAME: ALANCO ENVIRONMENTAL RESOURCES CORP DATE OF NAME CHANGE: 19930708 FORMER COMPANY: FORMER CONFORMED NAME: ALANCO RESOURCES CORP DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: ALANCO LTD DATE OF NAME CHANGE: 19901004 8-K 1 k8stockbuyback.htm 8K STOCK BUY BACK PROGRAM DEC 2011 k8stockbuyback.htm

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



December 14, 2011
-----------------------
(Date of Report)

ALANCO TECHNOLOGIES, INC.
-------------------------
(Exact name of Registrant as specified in its charter)


0-9437
---------
(Commission File No.)

ARIZONA                        86-0220694
---------------------------     ---------------------------------
(State or other jurisdiction)    (IRS Employer Identification No.)

 
 

7950 E. ACOMA DRIVE, SUITE 111, 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 filing is intended to simultaneously satisfy 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 8.01            Other Events

    On December 12, 2011 Alanco announced that its board of directors has authorized a stock repurchase program whereby the Company could repurchase up to 2 million shares of its
            outstanding common stock over the next 12 months.
 
 
Item 99.1    Alanco Technologies, Inc. press release dated December 12, 2011 titled Alanco Announces Stock Repurchase Program

 




SIGNATURES

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.



                                Alanco Technologies, Inc.




                              By:  /s/ John A. Carlson      
                                                  Name:  John A. Calrson                                                
                                                                                                                                                                                                                                     Title:  Director, Executive VP and CFO
                                                                                        
 
Date: December 14, 2011


 
 EX-99.1 2 pr121211.htm PRESS RELEASE DATED DEC 12, 2011 pr121211.htm
Exhibit 99.1

 
FOR IMMEDIATE RELEASE

CONTACTS:
John Carlson, Alanco Technologies, Inc., 480-505-4869
 
 
Alanco Announces Stock Repurchase Program
 

(Scottsdale, AZ – December 12, 2011) – Alanco Technologies, Inc. (OTCBB: ALAN.OB) announced today that its board of directors has authorized the Company to repurchase up to 2 million
shares of its outstanding common stock over the next 12 months utilizing the Company’s available cash resources.  The timing and amount of future share repurchase will be determined by the
Company management and primarily based upon market conditions and share price.  The Company may suspend or discontinue repurchase at any time.



EXCEPT FOR HISTORICAL INFORMATION, THE STATEMENTS CONTAINED IN THIS PRESS RELEASE ARE FORWARD-LOOKING STATEMENTS MADE PURSUANT TO THE SAFE HARBOR
PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995.  ALL SUCH FORWARD-LOOKING STATEMENTS ARE SUBJECT TO, AND ARE QUALIFIED BY, RISKS AND
UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE EXPRESSED OR IMPLIED BY THOSE STATEMENTS.  THESE RISKS AND UNCERTAINTIES
INCLUDE, BUT ARE NOT LIMITED TO, REDUCED DEMAND FOR OUR PRODUCTS; COMPETITIVE PRICING AND DIFFICULTY MANAGING PRODUCT COSTS; DEVELOPMENT OF NEW
TECHNOLOGIES; RAPID INDUSTRY CHANGES; FAILURE OF AN ACQUIRED BUSINESS TO FURTHER THE COMPANY’S STRATEGIES; THE ABILITY TO MAINTAIN SATISFACTORY
RELATIONSHIPS WITH LENDERS AND REMAIN IN COMPLIANCE WITH FINANCIAL COVENANTS AND OTHER REQUIREMENTS UNDER CURRENT BANKING AGREEMENTS.
THE COMPANY’S RISKS INCLUDE BUT ARE NOT LIMITED TO COSTS RELATED TO THE PROPOSED TRANSACTION; FAILURE TO OBTAIN THE REQUIRED APPROVAL OF THE
ALANCO SHAREHOLDERS; RISKS THAT THE CLOSING OF THE TRANSACTION IS SUBSTANTIALLY DELAYED OR THAT THE TRANSACTION DOES NOT CLOSE; AND MARKET
RISK ASSOCIATED WITH HOLDING THE ORBCOMM STOCK.
 
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