Zeff Capital, LP, a more than 10% holder of Butler National Corp (BUKS), reported open-market sales totaling 51,975 shares of common stock on July 10, 13 and 14, 2026 at weighted-average prices around $4.41–$4.65 per share, leaving 7,341,337 shares directly owned.
Butler National Corp director and ten percent owner Joseph Patrick Daly reported open-market purchases of 30,000 shares of common stock on July 10 and 13, 2026, at prices between $4.32 and $4.45 per share. Following these transactions he directly holds 4,530,000 shares, with an additional 4,360,000 shares held indirectly through EssigPR Inc.
Butler National Corp director Michael Anthony Loh completed an open-market purchase of 3,658 shares of Butler National common stock at $4.34 per share on July 10, 2026. Following this transaction, he directly owns 141,255 shares of the company.
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 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.