BUTLER NATIONAL CORPORATION APPOINTS JULIE M. BOWEN TO BOARD OF DIRECTORS
Rhea-AI Summary
Butler National (OTCQX: BUKS) has appointed Julie M. Bowen to its Board of Directors, strengthening its corporate governance structure. Bowen, currently Chief Financial Officer of Legacy Infrastructure Group since 2022, joins as an Independent Director and Audit Committee Financial Expert.
A certified public accountant with experience at KPMG, LLP, Bowen brings expertise in accounting operations, strategic planning, finance, mergers and acquisitions, and stakeholder relations. Her appointment is subject to Kansas Racing and Gaming Commission background investigation approval.
Bowen holds a B.S. in Business Administration and Accounting and a Master of Accountancy from Kansas State University. The appointment reflects Butler National's commitment to enhancing board expertise in financial oversight and corporate governance.
Positive
- Addition of qualified financial expert strengthening board oversight
- Enhanced corporate governance with new independent director
- Expanded M&A and strategic planning expertise at board level
Negative
- Appointment pending regulatory approval from Kansas Racing and Gaming Commission
News Market Reaction – BUKS
In the trading session that priced this news, BUKS declined 2.00%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
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Addition of Independent Director and Audit Committee Financial Expert underscores commitment to Corporate Governance
"We are pleased that Julie Bowen has joined the Butler National Board. Ms. Bowen brings broad financial expertise to enhance the Board, and she will be a strong asset for the Audit Committee. We value Ms. Bowen's independence and status as an audit committee financial expert under the Securities and Exchange Commission regulations," commented Jeffrey D. Yowell, Executive Chairman of Butler National Corporation. Joseph P. Daly, Lead Independent Director, added, "Julie Bowen is well positioned for the new Butler National director position. Ms. Bowen's appointment is another example of the company's commitment to good governance."
Ms. Bowen, a certified public accountant, is a seasoned executive leader with extensive experience in accounting operations, strategic planning, finance, mergers and acquisitions and stakeholder relations. As Chief Financial Officer of Legacy Infrastructure Group since 2022, she has demonstrated expertise in driving enterprise value growth through financial leadership, efficiency analysis, strategy, planning and M&A initiatives. Ms. Bowen has public accounting audit experience with her employment as an Audit Senior Associate at KPMG, LLP. Ms. Bowen's role as a director and audit committee member requires completion of a satisfactory Kansas Racing and Gaming Commission background investigation.
Ms. Bowen holds a B.S. degree in Business Administration and Accounting as well as a Master of Accountancy degrees, both from Kansas State University.
"I look forward to the opportunity to use my professional skills and experience to add accounting and finance depth to the Butler National Corporation Board. It is exciting to join the Butler team in this time of organic growth and change," commented Ms. Bowen.
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
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