{"schema_version":"secwatch.filing_event.v1","accession":"0000015847-26-000024","form_type":"8-K","ticker":"BUKS","cik":"0000015847","company_name":"BUTLER NATIONAL CORP","filed_at":"2026-07-24T20:51:05+00:00","discovered_at":"2026-07-24T20:52:00.384507+00:00","generated_at":"2026-07-24T20:52:23.952418+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Butler National boosts CFO/Interim CEO Sefchick's pay, grants stock, signs severance/CIC","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000015847-26-000024","json":"https://secwatch.observer/filing/0000015847-26-000024.json","markdown":"https://secwatch.observer/filing/0000015847-26-000024.md","text":"https://secwatch.observer/filing/0000015847-26-000024.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/15847/000001584726000024/0000015847-26-000024-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/15847/000001584726000024/buks-20260722.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-07-24T20:52:23.952418+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}