Every 8-K that BUTLER NATL CORP (BUKS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow BUKS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BUKS filings page.
Butler National Corporation reported FY2026 revenue of $97.967 million, versus $83.968 million in FY2025, and net income of $21.933 million, versus $12.551 million. FY2026 earnings per share were $0.34; operating income was $28.453 million, compared with $16.827 million in FY2025.
Avcon revenue was $37.195 million in FY2026 versus $29.587 million, and Special Mission Electronics revenue was $19.219 million versus $12.737 million. The company listed backlog of $51,134,277 as of July 31, 2026, and a $4.8 million reduction in gaming long-term debt during FY2026.
Butler National reports approximately 3.6 million shares repurchased through private transactions since April 30, 2025, at a cost of $6.5 million; $5 million is authorized under the current buyback plan, with $2.1 million remaining available. The Board has begun a permanent CEO search with an external recruiting firm, while Adam Sefchick continues as interim chief executive officer. FY2027 priorities include aircraft-modification growth, fabrication, casino enhancements and an ERP upgrade.
Butler National Corporation (BUKS) reported a very strong first quarter of fiscal 2027 for the three months ended July 31, 2026, with broad-based growth led by its Aerospace Products segment. Revenue rose 53% to $30.8 million from $20.1 million, operating income increased 59% to $7.4 million, and net income grew 43% to $5.3 million. Diluted earnings per share more than doubled to $0.10 from $0.05, and basic EPS increased to $0.08 from $0.06, reflecting improved profitability and a slightly lower diluted share count.
Aerospace Products revenue increased 92% to $21.7 million, driven by higher aircraft modification activity, stronger Special Mission Electronics sales, and record Aerospace backlog of $51.1 million. Professional Services revenue grew modestly to $9.0 million as higher traditional casino gaming revenue offset lower sports wagering revenue. Operating margin improved to 24% from 23%.
On the balance sheet, stockholders’ equity increased to $86.3 million from $82.0 million as of April 30, 2026, while long-term liabilities declined to $27.5 million. The company repurchased 246,996 shares during the quarter as part of its capital allocation strategy.
Butler National Corporation (BUKS) reports that its subsidiaries BHCMC, LLC (Boot Hill Casino & Resort) and Butler National Service Corporation entered into a Renewal of the Lottery Sports Wagering Management Contract with the Kansas Lottery. The Renewal Contract grants a three-year extension of Boot Hill Casino’s management of sports wagering operations in Kansas commencing September 1, 2027, during which Butler National Service Corporation will receive 90% of all sports wagering revenue it generates, subject to modification by the Kansas Lottery to comply with future law.
In connection with this extension, Boot Hill Casino and DraftKings executed an amended and extended agreement for an additional ten-year term to facilitate online and mobile sports wagering, with updated commercial terms that reflect current market conditions. Together, these agreements are described as extending Boot Hill’s sports wagering management relationships with the Kansas Lottery and DraftKings through 2030, dependent on continuing Kansas Lottery sports wagering management authority.
Butler National Corporation adjusted compensation and protections for Adam B. Sefchick, its Chief Financial Officer and Interim Chief Executive Officer and President. For the fiscal year ending April 30, 2027, his annual base salary increased from $290,000 to $302,000. His annual cash bonus target under the Annual Cash Bonus Plan rose to $70,000, with a maximum potential bonus of $110,000, based on company revenue, operating income and other non-financial goals.
The Compensation Committee granted 20,222 shares of restricted stock valued at $100,000, vesting one-third at grant and one-third on each of the first two anniversaries, subject to confidentiality, non-solicit and non-compete covenants, with forfeiture of unvested shares upon breach. For his Interim CEO role, Sefchick will receive an additional $10,000 per month, may earn a $25,000 onboarding bonus when a new CEO is installed, and a discretionary bonus of up to $90,000 for fiscal 2027. A Severance Agreement provides 12 months of base salary if terminated without cause, while a Change in Control Agreement offers a lump sum of one and one-half times his highest 12‑month compensation plus up to two years of benefit coverage upon qualifying post–change-in-control termination, both generally running through July 31, 2027.
Butler National Corporation reported strong results for the fiscal year ended April 30, 2026. Revenue rose 17% to about $98 million, with operating income up 69% to $28.5 million and net income up 75% to $21.9 million compared with fiscal 2025.
Earnings per share increased to $0.34 from $0.19, helped by both higher profitability and a reduced share count. Aerospace Products revenue grew 33% to $60.6 million, while Professional Services revenue was $37.4 million. Backlog reached $47.1 million, and the company repurchased about 3.3 million shares and invested $2.7 million in new product development.
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 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.
Butler National Corporation reported that it has released a press announcement covering its financial results for the quarter ended October 31, 2025. The company furnished this update in connection with a current report, indicating that the press release is provided as supplemental information and is not treated as filed for liability purposes under federal securities laws. Investors interested in the company’s recent performance would need to review the attached Exhibit 99 press release, which contains the detailed quarterly financial results.
Butler National Corporation held its Annual Meeting of Shareholders on October 1, 2025. A total of 51,715,573 shares of common stock, representing approximately 79.7% of the 64,854,736 shares outstanding and entitled to vote, were present in person or by proxy, indicating a strong quorum.
Shareholders elected Christopher J. Reedy as a director for a two-year term expiring at the calendar year 2027 annual meeting of shareholders. He received 38,036,803 votes for, 28,735 votes against, 228,449 abstentions, and there were 13,421,586 broker non-votes. Reedy also signed the report in his capacities as Chief Executive Officer, President and Secretary.
Butler National Corporation filed a current report describing an investor presentation to be delivered at its 2025 Annual Meeting of Shareholders on October 1, 2025. The presentation, furnished as Exhibit 99.1, is provided under an FD Disclosure item, which means it is being shared to keep all investors informed at the same time. The company notes that the materials are furnished rather than filed, so they are not automatically incorporated into certain SEC reporting obligations.
The company also explains that the investor presentation may include forward-looking statements about future plans or performance. These statements are based on current expectations and are subject to risks and uncertainties discussed in Butler National’s Annual Report on Form 10-K for the year ended April 30, 2025. The company states it has no obligation to update these forward-looking statements after they are made.