Attached files
| file | filename |
|---|---|
| EX-99.1 - SETTLEMENT AGREEMENT AND MUTUAL RELEASE - ALANCO TECHNOLOGIES INC | slifkinrobinsonsettlement.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
MARCH 1, 2011
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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 or 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 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 1.01 Entry into a Material Definitive Agreement
The Company entered into an agreement, signed on February 22, 2011 but not effective until signatures were released on February 24, 2011, with Tim Slifkin, a member of the Company’s Board of Directors, and Tom Robinson, Executive Vice President of StarTrak Systems, LLC (“StarTrak”) and a named executive officer of the Company. The agreement provides incentive compensation to Mr. Slifkin and Mr. Robinson upon the successful completion of the sale of StarTrak to ORBCOMM, Inc., a transaction disclosed in Form 8-K filed on Monday, February 28, 2011.
Item 9.01 Financial Statements and Exhibits
Exhibit 99.1 Settlement Agreement and Mutual Release
SIGNATURES
ALANCO TECHNOLOGIES, INC.
Date: March 1, 2011 By: /s/John A Carlson
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Chief Financial Officer