Welcome to our dedicated page for Butler Natl SEC filings (Ticker: BUKS), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Butler National Corporation filings document results of operations and financial condition, shareholder voting matters and public presentation disclosures for the company’s aerospace and professional services businesses. Recent Form 8-K reports furnish quarterly earnings releases and related exhibits covering revenue, operating income, net income and segment activity.
The filing record also includes annual meeting voting results for director elections, auditor ratification and advisory executive compensation, along with Regulation FD presentation materials. These disclosures reflect the company’s governance process, common stock voting matters and formal updates tied to its aircraft modification, MRO, FAA Repair Station and gaming management operations.
Butler National Corp Chief Financial Officer Adam Brett Sefchick reported a tax-related share disposition. On May 1, 2026, 5,645 shares of Butler National common stock were withheld at $4.075 per share to satisfy tax obligations tied to the vesting of 17,241 restricted shares. After this withholding, he directly holds 46,079 shares of common stock. This was a tax-withholding transaction, not an open-market sale.
Butler National Corporation announced a planned leadership transition as longtime Chief Executive Officer Christopher J. Reedy retired from the CEO role effective June 15, 2026, citing health considerations. He will remain on the Board of Directors and continue as a special advisor to the Board until his planned retirement on July 1, 2027, while continuing to receive base salary and vesting of previously granted equity awards under a Transition and Release Agreement.
The Board appointed Chief Financial Officer Adam B. Sefchick, age 48, as Interim Chief Executive Officer and President, and he will continue to serve as both principal executive officer and principal financial officer. The company emphasized continuity, highlighting Sefchick’s more than 20 years of accounting and financial experience and the Board’s intention to begin a search for a permanent CEO.
Butler National Corporation disclosed a change in executive compensation. On June 4, 2026, the Compensation Committee approved a $90,000 cash increase in the annual compensation paid to Executive Chairman Jeffrey D. Yowell, effective as of June 1, 2026.
After this change, Mr. Yowell’s total annual compensation as Executive Chairman is $340,000, which includes the $90,000 amount paid to all non-employee directors. He did not participate in the Committee’s discussion and abstained from voting on this matter.
Butler National Corporation disclosed that Chief Executive Officer Christopher J. Reedy is undergoing a new course of medical treatment following recent consultations with physicians at the Mayo Clinic. Reedy previously received a cancer diagnosis in 2019 and has had ongoing follow-up visits since then.
He stated that he will continue serving as Chief Executive Officer and remain actively engaged with the company’s operations, leadership team, employees, and Board of Directors, although treatment may periodically require time away from the office. The Executive Chairman and Lead Independent Director both expressed support for Reedy and confidence in the strength of Butler National’s leadership team and the company’s ongoing operational and strategic priorities.
Butler National Corp director and more than 10% owner Joseph Patrick Daly bought 1,000 shares of Common Stock in an open-market transaction. The purchase was made at a price of $3.88 per share on March 20, 2026.
After this trade, Daly directly holds 4,500,000 Butler National shares. He also reports separate indirect ownership of 4,360,000 shares held through EssigPR, Inc., showing that this purchase is a very small addition to an already large position.
Butler National Corp director and 10% owner Joseph Patrick Daly reported adding to his stake in company common stock. He made an open-market purchase of 745 shares at $3.93 per share on March 19, 2026 and received a grant or award of 3,255 shares at $3.84 per share on March 17, 2026.
After these transactions, his directly held position reported in this filing is 4,499,000 common shares. He also reports indirect ownership of 4,360,000 shares held through EssigPR, Inc. The net activity in this filing reflects a small, routine increase relative to his multi-million-share holdings.
Bowen Julie Marie reported acquisition or exercise transactions in this Form 4 filing.
Butler National Corp director Julie Marie Bowen received a stock grant of 3,255 shares of Butler National Common Stock at a reported value of $3.84 per share. This was a compensation-related award rather than an open-market purchase, bringing her direct holdings to 23,861 shares.
Butler National Corp director Michael Anthony Loh received a stock grant of 3,255 common shares of Butler National Common Stock. The shares were awarded on March 17, 2026 at a reported price of $3.84 per share as a grant, award, or other acquisition.
After this award, Loh directly owns 137,597 Butler National Common Stock shares. This filing reflects a compensation-related share grant rather than an open-market purchase or sale.
Yowell Jeffrey David reported acquisition or exercise transactions in this Form 4 filing.
Butler National Corp director Jeffrey David Yowell received a stock award of 3,255 shares of Butler National Common Stock as a director fee. The shares were valued at $3.84 each on the grant date. After this non-market grant, he directly holds 81,747 common shares.
Butler National Corporation reported very strong third quarter fiscal 2026 results, with revenue up 27% to $26.9 million and net income up 98% to $6.7 million versus the prior-year quarter. Earnings per share doubled to $0.10 from $0.05, reflecting significant margin expansion.
Operating income rose 129% to $9.2 million, driven mainly by the Aerospace Products segment, where revenue increased 50% to $17.1 million on higher aircraft modification and special mission electronics sales. Professional Services revenue was $9.9 million, roughly flat year over year as mobile sports wagering growth offset softer traditional casino gaming.
For the nine months ended January 31, 2026, revenue reached $70.3 million and net income was $16.4 million. Total assets were $141.0 million and stockholders’ equity was $76.3 million as of January 31, 2026. The company also repurchased 222,168 shares during the quarter and reported backlog of about $37.0 million.