Butler National boosts CFO/Interim CEO Sefchick's pay, grants stock, signs severance/CIC

BUTLER NATIONAL CORP

Base salary raised to $302k (from $290k); bonus target increased to $70k (max $110k) for FY2027.
Restricted stock grant of 20,222 shares ($100k) vests 1/3 immediately, 1/3 each on 1st and 2nd anniversaries.
Interim CEO duties earn additional $10k/month; $25k bonus for onboarding new CEO; discretionary bonus up to $90k.
Severance agreement provides 12 months base salary if terminated without cause, subject to release and restrictive covenants.
Change-in-control agreement: 1.5x highest compensation (salary+bonus) lump sum, plus 2 years benefits continuation.

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