---
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"
generated_at: "2026-07-24T20:52:23.952418+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000015847-26-000024
- JSON: https://secwatch.observer/filing/0000015847-26-000024.json
- Plain text: https://secwatch.observer/filing/0000015847-26-000024.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.