Butler National Corp Files 2024 Proxy Statement
Ticker: BUKS · Form: DEF 14A · Filed: Sep 16, 2024 · CIK: 15847
Sentiment: neutral
Topics: proxy-statement, governance, shareholder-meeting
TL;DR
Butler National Corp dropped its 2024 proxy statement. Get ready for shareholder votes.
AI Summary
Butler National Corp filed a DEF 14A proxy statement on September 16, 2024, for the fiscal year ending April 30, 2024. The filing details information related to the company's annual meeting and shareholder matters. The company is based in New Century, Kansas, and operates in the amusement and recreation services sector.
Why It Matters
This filing provides shareholders with crucial information regarding company governance, executive compensation, and voting matters, enabling informed participation in the company's direction.
Risk Assessment
Risk Level: low — This is a routine proxy filing and does not contain new material financial information or significant corporate events.
Key Numbers
- 2024 — Fiscal Year (The proxy statement covers the fiscal year ending April 30, 2024.)
- 2023 — Filing Date Year (The filing was made on September 16, 2024.)
Key Players & Entities
- BUTLER NATIONAL CORP (company) — Registrant
- 0001437749-24-029219 (filing_id) — Accession Number
- 20240916 (date) — Filing Date
- 20241030 (date) — Fiscal Year End
- New Century, KS (location) — Business Address
FAQ
What is the purpose of a DEF 14A filing?
A DEF 14A filing, also known as a Proxy Statement, is used to solicit proxies from shareholders when a company is holding an annual or special meeting of shareholders. It provides detailed information about the matters to be voted on, such as director elections, executive compensation, and other corporate actions.
When is Butler National Corp's fiscal year end?
Butler National Corp's fiscal year ends on April 30th, as indicated in the filing.
What is the filing date of this DEF 14A?
This DEF 14A filing was made on September 16, 2024.
Where is Butler National Corp headquartered?
Butler National Corp is headquartered at One Aero Plaza, New Century, Kansas.
What is the SIC code for Butler National Corp?
The Standard Industrial Classification (SIC) code for Butler National Corp is 7990, which falls under Services-Miscellaneous Amusement & Recreation.
Filing Stats: 4,711 words · 19 min read · ~16 pages · Grade level 14.2 · Accepted 2024-09-16 10:20:47
Filing Documents
- buks20240909_def14a.htm (DEF 14A) — 586KB
- bnc_page1.jpg (GRAPHIC) — 214KB
- bnc_page2.jpg (GRAPHIC) — 111KB
- tm01.jpg (GRAPHIC) — 4KB
- 0001437749-24-029219.txt ( ) — 1834KB
- buks-20240430.xsd (EX-101.SCH) — 3KB
- buks-20240430_def.xml (EX-101.DEF) — 2KB
- buks-20240430_lab.xml (EX-101.LAB) — 2KB
- buks-20240430_pre.xml (EX-101.PRE) — 1KB
- buks20240909_def14a_htm.xml (XML) — 47KB
From the Filing
buks20240909_def14a.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Rule 14a-101) Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to 240.14a-12 BUTLER NATIONAL CORPORATION (Name of Registrant as Specified In Its Charter) Payment of Filing Fee (Check all boxes that apply): No fee required. Fee paid previously with preliminary materials Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 1 BUTLER NATIONAL CORPORATION One Aero Plaza New Century, Kansas 66031 NOTICE OF ANNUAL MEETING OF STOCKHOLDERS October 30, 2024 To the Stockholders of Butler National Corporation: Notice is hereby given that the 2024 Annual Meeting of Stockholders of Butler National Corporation (the "Company" or "Butler National") will be held at Hallbrook Country Club, 11200 Overbrook Rd., Leawood, Kansas 66211, on Wednesday, October 30, 2024, at 10:00 a.m., local time. The purpose of the meeting is to: 1. Elect two (2) directors to serve for the term of three (3) years or until a successor is elected and qualified; 2. Ratify the selection of RBSM, LLP as the Company's independent registered public accounting firm for the fiscal year ending April 30, 2025; 3. Vote on an advisory basis to approve the compensation of the Company Named Executive Officers; 4. Vote to amend the bylaws to declassify the Company's Board of Directors; 5. Vote to amend the Articles of Incorporation to allow a reverse split and reduce authorized Common Stock; and 6. Transact such other business as may properly come before the meeting or any postponements or adjournments thereof. The Board of Directors has fixed the close of business on September 3, 2024, as the record date for the determination of stockholders entitled to notice of and to vote at the meeting. By Order of the Board of Directors, TAD MCMAHON, Secretary New Century, Kansas September 16, 2024 YOU MAY VOTE YOUR SHARES VIA A TOLL-FREE TELEPHONE NUMBER OR OVER THE INTERNET. IF YOU RECEIVED A PAPER COPY OF A PROXY CARD BY MAIL, YOU MAY SUBMIT YOUR PROXY CARD BY SIGNING, DATING AND RETURNING YOUR PROXY CARD IN THE ENCLOSED ENVELOPE. STOCKHOLDERS WHO ATTEND THE MEETING MAY REVOKE THEIR PROXIES AND VOTE IN PERSON. 2 BUTLER NATIONAL CORPORATION One Aero Plaza New Century, Kansas 66031 PROXY STATEMENT Important notice regarding the availability of proxy materials. The proxy statement and proxy card are available to view or download at www.proxyvote.com for the stockholder meeting on October 30, 2024. This proxy statement is furnished to our stockholders in connection with the solicitation of proxies by Butler National Corporation's Board of Directors to be voted at the Annual Meeting of Stockholders to be held on Wednesday, October 30, 2024, at 10:00 a.m. local time, or any postponements or adjournments thereof. Instead of mailing a printed copy of our proxy materials, including our Annual Report, to each stockholder of record, we have decided to provide access to these materials in a fast and efficient manner via the Internet. This reduces the amount of paper necessary to produce these materials, as well as the costs associated with mailing these materials to all stockholders. On September 16, 2024, we began mailing a Notice of Internet Availability of Proxy Materials (the "Notice") to stockholders of record as of September 3, 2024, and we posted our proxy materials on the website referenced in the Notice (www.proxyvote.com). As more fully described in the Notice, stockholders may choose to access our proxy materials at www.proxyvote.com or may request a printed set of our proxy materials. In addition, the Notice and website provide information regarding how you may request to receive proxy materials in printed form by mail or electronically by email on an ongoing basis. For those who previously requested printed proxy materials or electronic materials on an ongoing basis, you will receive those materials as you requested. YOUR VOTE IS IMPORTANT. WHETHER OR NOT YOU PLAN TO ATTEND THE MEETING, PLEASE PROMPTLY SUBMIT YOUR PROXY EITHER IN THE ENCLOSED ENVELOPE, VIA THE INTERNET OR BY TELEPHONE. Our proxy tabulator, Broadridge Financial Solutions, must receive any proxy that will not be delivered in person at the annual meeting by 11:59 p.m., Eastern Time on Tuesday, October 29, 2024. 3 INFORMATION ABOUT THE ANNUAL MEETING Who is entitled to vote? You may vote if you owned shares of our common stock at the close of business on September 3, 2024, the record date for the annual meeting, provided such shares are held directly