Butler National Corporation Announces Appointment of Adam Sefchick as Chief Financial Officer

Rhea-AI Summary

Butler National Corporation (BUKS) has appointed Adam Sefchick, CPA as its new Chief Financial Officer. Sefchick, who previously served as Chief Accounting Officer at Jack Cooper, brings extensive experience in financial management, SEC reporting, and business systems implementation. He holds a Master's in Business and Information Systems and a Bachelor's in Business Administration/Accounting from the University of Kansas.

The appointment aligns with Butler National's strategic objectives during its organic growth phase. Sefchick will focus on streamlining processes, implementing efficient information systems, and reducing overhead costs. His role will be crucial in optimizing the company's financial structure and enhancing financial transparency. The appointment is pending background investigation by the Kansas Racing and Gaming Commission.

Positive

• Appointment of experienced CFO with strong SEC reporting and financial management background
• New CFO brings expertise in business systems implementation and operational efficiencies
• Strategic focus on streamlining processes and reducing costs during growth phase

Negative

• Appointment subject to regulatory approval from Kansas Racing and Gaming Commission

News Market Reaction – BUKS

-2.07%

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-2.07% News Effect

On the day this news was published, BUKS declined 2.07%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

OLATHE, Kan., May 15, 2025 /PRNewswire/ -- Butler National Corporation (OTCQX: BUKS), a leader in the aerospace and professional services industries, is pleased to announce the appointment of Adam Sefchick, CPA, as its new Chief Financial Officer. Mr. Sefchick will serve as the Company's principal financial officer and principal accounting officer. Mr. Sefchick brings a wealth of financial expertise and SEC reporting experience to the position in addition to business systems, aligning with Butler National's strategic objectives during its current phase of organic growth.

Mr. Sefchick most recently served as the Chief Accounting Officer at Jack Cooper, a specialty transportation and logistics provider. During his tenure, he successfully managed financial reporting, SEC filings, debt issuances, and complex financial transactions. Prior to his role at Jack Cooper, he held positions as Vice President of Accounting and Vice President of Financial Reporting, where he demonstrated his ability to implement metrics and develop corporate information systems effectively. Mr. Sefchick's business information systems experience and background provides a firm foundation for effectively consolidating the Company's systems.

"We are excited to welcome Adam to the Butler National team," said Chris Reedy, Chief Executive Officer. "His extensive experience in financial management, SEC reporting, and operational efficiencies aligns with our ongoing initiatives to streamline processes and drive cost reductions as we grow. We are confident that Adam's leadership will provide a solid foundation for enhancing financial transparency and supporting our long-term growth."

Looking ahead at Butler National, Mr. Sefchick's expertise is expected to play a pivotal role in analyzing and developing information systems to facilitate efficiencies within production and reduce overhead associated with legacy processes. His financial acumen will also be instrumental in optimizing the company's financial structure to support its strategic objectives.

Mr. Sefchick holds a Master of Science in Business and Information Systems and a Bachelor of Science in Business Administration/Accounting, both from the University of Kansas. He is a Certified Public Accountant and has served as a member of the Audit and Assurance Committee of the Missouri Society of CPAs.

The appointment of Mr. Sefchick is subject to a satisfactory background investigation by the Kansas Racing and Gaming Commission.

More About Butler National Corporation

Butler National Corporation, a 50-year old public stock company, operates in the Aerospace and Professional Services business segments. The Aerospace Products segment includes the manufacture, sale and service of electronic equipment and modifications to aircraft structures and electrical systems to support special mission and commercial aviation operations. Additionally, we operate two Federal Aviation Administration ("FAA") Repair Stations. Butler National companies, Avcon Industries, Inc. and Butler Avionics, Inc. concentrate on enhancements to Learjet, Beechcraft King Air, Cessna Caravan, Gulfstream, and other turbine powered 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 Dodge City, Kansas. Boot Hill Casino and Resort features approximately 500 slot machines, 16 table games and a DraftKings branded sportsbook.

See our website: www.butlernational.com

For investor information, contact:
David Drewitz, Investor Relations
david@creativeoptionscommunications.com     
972-814-5723

Or email:

Mackenzie Giller, Operations
Butler National Corporation
mgiller@butlernational.com

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SOURCE Butler National Corporation

FAQ

Who is the new CFO of Butler National Corporation (BUKS)?

Adam Sefchick, CPA, who previously served as Chief Accounting Officer at Jack Cooper, has been appointed as the new CFO of Butler National Corporation.

What is Adam Sefchick's background and experience before joining BUKS?

Sefchick previously served as Chief Accounting Officer at Jack Cooper, managing financial reporting, SEC filings, and complex transactions. He holds a Master's in Business and Information Systems and a Bachelor's in Business Administration/Accounting from the University of Kansas.

What will be the main responsibilities of BUKS's new CFO?

Sefchick will serve as principal financial and accounting officer, focusing on streamlining processes, implementing efficient information systems, reducing overhead costs, and optimizing the company's financial structure.

What are Butler National Corporation's main business segments?

Butler National operates in two segments: Aerospace Products (manufacturing and servicing electronic equipment and aircraft modifications) and Professional Services (managing gaming and entertainment facilities in Dodge City, Kansas).