UNITED STATES
                       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
                          Date of Report: June 3, 2005


                               SAN Holdings, Inc.
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)

<TABLE>
<CAPTION>
              Colorado                          0-16423                      84-0907969
-------------------------------------    ----------------------   ---------------------------------
<S>                                        <C>                      <C>
  (State or other jurisdiction of          (Commission File         (IRS Employer Identification
           incorporation)                       Number)                        Number)
</TABLE>


               9800 Pyramid Court, Suite 130, Englewood, CO 80112
               ---------------------------------------------------
               (Address of Principal Executive Offices) (Zip Code)


                                 (303) 660-3933
               --------------------------------------------------
               Registrant's telephone number, including area code


                                      None
          -------------------------------------------------------------
          (Former name or former address, if changed since last report)

         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:

[ ]   Written communications 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))


<PAGE>

ITEM 1.01  ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

         On June 3, 2005,  SAN  Holdings,  Inc.  (the  "Company")  increased the
borrowing  availability  from $10 million to $11.5  million  under the revolving
credit facility (the "Harris  Facility") that the Company  maintains with Harris
N.A.  (formerly  known as Harris Trust and Savings Bank) ("Harris  Trust").  The
revolving   credit  facility  was  established   pursuant  to  the  Harris  Loan
Authorization  Agreement  dated May 16, 2003 that was filed as an exhibit to the
Company's  amended  Quarterly Report on Form 10-QSB/A for the quarter ended June
30, 2003, as amended February 16, 2005.

         The purpose of the  increase in  borrowing  availability  on the Harris
Facility was to provide additional working capital to the Company.

         As a condition  precedent to the amendment of the Harris  Facility,  on
June  3,  2005,  an  affiliate  of  the  Company's  majority   shareholder  (the
"Guarantor"),  Sun  Solunet  LLC ("Sun  Solunet"),  increased  the amount of the
ongoing  guaranty of the debt incurred by the Company under the Harris Facility.
In  consideration  for the $1.5 million  increase in the  guaranty,  the Company
expects  to  authorize  the  issuance  of a warrant  to  purchase  shares of the
Company's common stock to Sun Solunet.

ITEM 9.01  FINANCIAL STATEMENTS AND EXHIBITS

         (C) EXHIBITS The following is a complete list of exhibits filed as part
of this Report.  Exhibit numbers  correspond to the numbers in the exhibit table
of Item 601 of Regulation S-K.

     EXHIBIT NO.                         DESCRIPTION

        10.01        Amendment to the Harris Loan Authorization Agreement



                                       2

<PAGE>

                                   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.


                                      SAN HOLDINGS, INC.


                                      By: /s/ Robert C. Ogden
                                          --------------------------------------
                                          Robert C. Ogden, Vice President, Chief
                                          Financial Officer and Secretary


                                      Date: June 7, 2005


                                       3
{"company-data": {"conformed-name": "SAN HOLDINGS INC", "cik": "0000799097", "assigned-sic": "3572", "irs-number": "840907969", "state-of-incorporation": "CO", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-16423", "film-number": "05882078"}, "business-address": {"street1": "9800 MT PYRAMID COURT", "street2": "SUITE 130", "city": "ENGLEWOOD", "state": "CO", "zip": "80112", "phone": "3036603933"}, "mail-address": {"street1": "9800 MT PYRAMID COURT", "street2": "SUITE 130", "city": "ENGLEWOOD", "state": "CO", "zip": "80112"}, "former-company": [{"former-conformed-name": "CITADEL ENVIRONMENTAL GROUP INC", "date-changed": "19961129"}, {"former-conformed-name": "CITADEL ASSET MANAGEMENT LTD", "date-changed": "19920703"}]}
UNITED STATES
                       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
                          Date of Report: June 3, 2005

                               SAN Holdings, Inc.
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)
Colorado                          0-16423                      84-0907969
-------------------------------------    ----------------------   ---------------------------------
(State or other jurisdiction of          (Commission File         (IRS Employer Identification
           incorporation)                       Number)                        Number)
9800 Pyramid Court, Suite 130, Englewood, CO 80112
               ---------------------------------------------------
               (Address of Principal Executive Offices) (Zip Code)

                                 (303) 660-3933
               --------------------------------------------------
               Registrant's telephone number, including area code

                                      None
          -------------------------------------------------------------
          (Former name or former address, if changed since last report)

         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:

[ ]   Written communications 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

         On June 3, 2005,  SAN  Holdings,  Inc.  (the  "Company")  increased the
borrowing  availability  from $10 million to $11.5  million  under the revolving
credit facility (the "Harris  Facility") that the Company  maintains with Harris
N.A.  (formerly  known as Harris Trust and Savings Bank) ("Harris  Trust").  The
revolving   credit  facility  was  established   pursuant  to  the  Harris  Loan
Authorization  Agreement  dated May 16, 2003 that was filed as an exhibit to the
Company's  amended  Quarterly Report on Form 10-QSB/A for the quarter ended June
30, 2003, as amended February 16, 2005.

         The purpose of the  increase in  borrowing  availability  on the Harris
Facility was to provide additional working capital to the Company.

         As a condition  precedent to the amendment of the Harris  Facility,  on
June  3,  2005,  an  affiliate  of  the  Company's  majority   shareholder  (the
"Guarantor"),  Sun  Solunet  LLC ("Sun  Solunet"),  increased  the amount of the
ongoing  guaranty of the debt incurred by the Company under the Harris Facility.
In  consideration  for the $1.5 million  increase in the  guaranty,  the Company
expects  to  authorize  the  issuance  of a warrant  to  purchase  shares of the
Company's common stock to Sun Solunet.

ITEM 9.01  FINANCIAL STATEMENTS AND EXHIBITS

         (C) EXHIBITS The following is a complete list of exhibits filed as part
of this Report.  Exhibit numbers  correspond to the numbers in the exhibit table
of Item 601 of Regulation S-K.

     EXHIBIT NO.                         DESCRIPTION

        10.01        Amendment to the Harris Loan Authorization Agreement

                                       2
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.

                                      SAN HOLDINGS, INC.

                                      By: /s/ Robert C. Ogden
                                          --------------------------------------
                                          Robert C. Ogden, Vice President, Chief
                                          Financial Officer and Secretary

                                      Date: June 7, 2005

                                       3