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

~~November~~December 1720, 2016

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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.)

7950 E. ACOMA DRIVE, SUITE 111, 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 15.~~01 Entry~~02 Departure ~~into~~of aDirectors ~~Material~~or ~~Definitive~~Certain ~~Agreement~~Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

~~Item~~Effective 2as of December 15, 2016, the Company's Board of Directors elected Donald E.~~03 Creation~~ Anderson, Rebecca E. Anderson, and Steven P. Oman to the Board of aDirectors. In ~~Direct~~addition, ~~Financial~~the ~~Obligation~~Board of Directors accepted the resignation of Harold S. Carpenter from the Company's Board of Directors and the resignation of John A. Carlson as the Company's President and Chief Executive Officer. Mr. Carlson will remain on the Company's Board of Directors. Steven P. Oman was elected to serve as the interim President and Chief Executive Officer of the Company.

On November 14, 2016, the Company executed an Amended and Restated Loan Agreement increasing its credit limit to $750,000 from $500,000 with the Anderson Family Trust, an entity controlled by Mr. Donald Anderson, a former director and longtime supporter of the Company.

Item 9.01 Financial Statement and Exhibits

99.1 Loan Agreement

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
Date: December 20, 2016	By:	/s/ Danielle L. Haney
		Name: John A. Carlson
		Name: Danielle L. Haney
		Title: Director, President & Chief Executive Officer
		Title: Chief Financial Officer
Date: November 17, 2016

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