BUTLER NATIONAL ADOPTS CORPORATE GOVERNANCE GUIDELINES
Butler National Corporation (OTCQX: BUKS), a leader in aircraft modification and gaming management services, has adopted new Corporate Governance Guidelines to enhance its board structure and governance practices. The guidelines include both existing policies and new measures, with a notable addition of a mandatory retirement age of 75 for directors.
The company has implemented several governance improvements over the past year, including annual director elections, removal of the poison-pill, appointment of a Lead Independent Director, separation of Chairman and CEO roles, and adoption of a majority vote standard for uncontested director elections. These guidelines are now available on the company's Investor Relations website.
Butler National Corporation (OTCQX: BUKS), leader nella modifica di aeromobili e nella gestione di servizi di gioco, ha adottato nuove Linee Guida di Corporate Governance per migliorare la struttura del consiglio e le pratiche di governance. Le linee guida includono sia politiche esistenti sia nuove misure, con l'importante introduzione di un limite di età obbligatorio di 75 anni per i direttori.
Negli ultimi dodici mesi, la società ha implementato diversi miglioramenti nella governance, tra cui elezioni annuali dei direttori, eliminazione della poison pill, nomina di un Lead Independent Director, separazione dei ruoli di Presidente e CEO e l'adozione di uno standard di voto maggioritario per le elezioni non contestate dei direttori. Queste linee guida sono ora disponibili sul sito web delle Relazioni con gli Investitori della società.
Butler National Corporation (OTCQX: BUKS), líder en modificación de aeronaves y servicios de gestión de juegos, ha adoptado nuevas Directrices de Gobierno Corporativo para mejorar la estructura de su junta y las prácticas de gobernanza. Las directrices incluyen tanto políticas existentes como nuevas medidas, destacando la incorporación de una edad de jubilación obligatoria de 75 años para los directores.
La compañía ha implementado varias mejoras en la gobernanza durante el último año, incluyendo elecciones anuales de directores, eliminación de la poison pill, nombramiento de un Director Independiente Principal, separación de los cargos de Presidente y CEO, y la adopción de un estándar de voto mayoritario para elecciones de directores no disputadas. Estas directrices ya están disponibles en el sitio web de Relaciones con Inversionistas de la empresa.
Butler National Corporation (OTCQX: BUKS)는 항공기 개조 및 게임 관리 서비스 분야의 선두주자로서 이사회 구조와 거버넌스 관행을 강화하기 위해 새로운 기업 지배구조 지침을 도입했습니다. 이 지침에는 기존 정책과 새로운 조치가 포함되어 있으며, 특히 이사의 의무 퇴임 연령을 75세로 설정한 점이 눈에 띕니다.
회사는 지난 1년간 연례 이사 선거, 포이즌 필 제거, 수석 독립 이사 임명, 회장과 CEO 역할 분리, 그리고 경쟁 없는 이사 선거에 대한 과반수 득표 기준 도입 등 여러 거버넌스 개선책을 시행했습니다. 이 지침은 현재 회사의 투자자 관계 웹사이트에서 확인할 수 있습니다.
Butler National Corporation (OTCQX: BUKS), leader dans la modification d'aéronefs et les services de gestion de jeux, a adopté de nouvelles Directives de Gouvernance d'Entreprise afin d'améliorer la structure de son conseil d'administration et ses pratiques de gouvernance. Ces directives incluent à la fois des politiques existantes et de nouvelles mesures, avec notamment l'ajout d'un âge de départ à la retraite obligatoire fixé à 75 ans pour les administrateurs.
Au cours de l'année écoulée, la société a mis en place plusieurs améliorations en matière de gouvernance, notamment des élections annuelles des administrateurs, la suppression de la poison pill, la nomination d'un Directeur Indépendant Principal, la séparation des fonctions de Président et de CEO, ainsi que l'adoption d'un standard de vote majoritaire pour les élections d'administrateurs non contestées. Ces directives sont désormais disponibles sur le site Internet des Relations Investisseurs de la société.
Butler National Corporation (OTCQX: BUKS), ein führendes Unternehmen für Flugzeugmodifikationen und Gaming-Management-Dienstleistungen, hat neue Corporate Governance-Richtlinien eingeführt, um die Struktur des Vorstands und die Governance-Praktiken zu verbessern. Die Richtlinien umfassen sowohl bestehende Policies als auch neue Maßnahmen, darunter die bemerkenswerte Einführung eines obligatorischen Ruhestandsalters von 75 Jahren für Direktoren.
Im vergangenen Jahr hat das Unternehmen mehrere Governance-Verbesserungen umgesetzt, darunter
- Implementation of comprehensive corporate governance guidelines strengthening board oversight
- Separation of Chairman and CEO roles enhancing leadership independence
- Adoption of majority voting standard for uncontested director elections
- Introduction of mandatory retirement age promoting board renewal
- None.
New Guidelines Establish Mandatory Director Retirement Policy
The new Corporate Governance Guidelines codify existing policies, such as director and officer stock ownership guidelines and annual performance reviews of the Board and Chief Executive Officer. The Guidelines also establish several new policies, including a mandatory retirement age for directors following their 75th birthday.
"Butler National has demonstrated significant progress towards good corporate governance over the past year, including moving towards annual elections of all directors, removing the poison-pill (shareholder rights plan), electing a Lead Independent Director, separating the roles of the Chairman of the Board and the Chief Executive Officer, adopting a majority vote standard for uncontested director elections, and now implementing the 75-year age limit. The director age limitation is a strategic move to cultivate fresh perspectives in alignment with the corporation's evolving needs," commented Jeffrey D. Yowell, Executive Chairman of Butler National Corporation.
"The Butler National Board continues to adopt policies that strengthen corporate governance, and the 75-year age limitation for directors supports effective leadership succession," concluded Mr. Yowell.
The Corporate Governance Guidelines are available to review on the corporation's Investor Relations website.
More About Butler National Corporation
Butler National Corporation operates in the Aerospace and Professional Services business segments. The Aerospace Products segment includes the design, manufacture, sale and service of structural modifications, design, integration and installation of electronic equipment, systems and technologies that enhance aircraft operations, and the design, manufacture and sale of defense related articles. Additionally, we operate Federal Aviation Administration (the "FAA") Repair Stations. Companies in Aerospace Products concentrate on products and services for Learjet, Textron Beechcraft, King Air, and Textron Cessna turboprop aircraft. Butler National-Tempe designs and manufactures robust electronic controls and cabling. The Professional Services segment includes the management of a gaming and the related dining and entertainment facility in
See our website: www.butlernational.com
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David Drewitz, Investor Relations
david@creativeoptionscommunications.com
972-814-5723
Or email:
Mackenzie Giller, Operations
gmiller@butlernational.com
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SOURCE Butler National Corporation
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