Welcome to our dedicated page for BUTLER NATIONAL 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.
Our SEC filing database is enhanced with expert analysis from Rhea-AI, providing insights into the potential impact of each filing on BUTLER NATIONAL's stock performance. Each filing includes a concise AI-generated summary, sentiment and impact scores, and end-of-day stock performance data showing the actual market reaction. Navigate easily through different filing types including 10-K annual reports, 10-Q quarterly reports, 8-K current reports, proxy statements (DEF 14A), and Form 4 insider trading disclosures.
Designed for fundamental investors and regulatory compliance professionals, our page simplifies access to critical SEC filings. By combining real-time EDGAR feed updates, Rhea-AI's analytical insights, and historical stock performance data, we provide comprehensive visibility into BUTLER NATIONAL's regulatory disclosures and financial reporting.
Butler National Corporation files its annual report outlining its dual business in aerospace products and gaming management, including the Boot Hill Casino in Kansas. The company designs and modifies aircraft components and systems, operates FAA-approved repair stations, and manages a casino featuring about 500 slot machines and 15 table games.
Backlog in the Aerospace Products segment grew to $47.1 million as of April 30, 2026, up from $33.6 million in 2025, indicating solid contracted work. The report highlights significant customer concentration, reliance on U.S. and foreign government spending, fixed-price contract risk, international exposure, and extensive FAA and gaming regulation. It also details leadership changes, with Adam Sefchick serving as Interim CEO and CFO, and notes a heavily regulated, “penny stock” trading environment on OTCQX.
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.