Butler National Corp Reports Director Changes and Compensation Updates
Ticker: BUKS · Form: 8-K · Filed: Jul 30, 2024 · CIK: 15847
Sentiment: neutral
Topics: corporate-governance, officer-compensation, director-election
TL;DR
Butler National Corp filed an 8-K detailing director elections and officer compensation changes.
AI Summary
Butler National Corporation announced on July 26, 2024, the election of new directors and changes in its officer compensation arrangements. The company also filed financial statements and exhibits as part of this current report.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — This filing primarily concerns corporate governance and administrative matters, with no immediate financial distress or significant operational changes indicated.
Key Players & Entities
- BUTLER NATIONAL CORPORATION (company) — Registrant
- Kansas (location) — State of incorporation
- July 26, 2024 (date) — Date of earliest event reported
FAQ
What specific changes were made to the board of directors?
The filing indicates the election of directors, but the specific names and details of the election are not provided in the excerpt.
What are the details of the new officer compensation arrangements?
The filing mentions compensatory arrangements of certain officers, but the specific details of these arrangements are not included in the provided text.
What financial statements were filed?
The filing states that financial statements and exhibits were filed, but the specific statements are not detailed in the excerpt.
When was Butler National Corporation incorporated?
Butler National Corporation was incorporated in Kansas, as indicated by the filing.
What is the principal executive office address?
The principal executive offices are located at One Aero Plaza, New Century, Kansas, 66031.
Filing Stats: 437 words · 2 min read · ~1 pages · Grade level 12.2 · Accepted 2024-07-30 14:44:34
Filing Documents
- buks20240729_8k.htm (8-K) — 27KB
- 0001437749-24-023891.txt ( ) — 145KB
- buks-20240726.xsd (EX-101.SCH) — 3KB
- buks-20240726_def.xml (EX-101.DEF) — 10KB
- buks-20240726_lab.xml (EX-101.LAB) — 14KB
- buks-20240726_pre.xml (EX-101.PRE) — 10KB
- buks20240729_8k_htm.xml (XML) — 2KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers. Departure of Director On July 26, 2024, Joe Aric Peters notified Butler National Corporation (the "Company") that he resigned as a member of the Company's Board of Directors (the "Board") effective immediately. His resignation is not due to any disagreement with the Company or with the Company's operations, policies or practices. Mr. Peters will remain with the Company as an Executive Officer.
Financial Statements and Exhibits
Financial Statements and Exhibits Exhibit No. Description 104 Cover Page Interactive Date File (embedded within the Inline XBRL document) 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. BUTLER NATIONAL CORPORATION Date: July 30, 2024 /s/ Tad M. McMahon Tad M. McMahon Chief Financial Officer