---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-015591"
form_type: "8-K"
ticker: "BUKS"
cik: "0000015847"
company_name: "BUTLER NATIONAL CORP"
filed_at: "2022-06-22T23:59:59+00:00"
generated_at: "2026-06-24T23:59:00.365404+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Butler National appoints insider Aric Peters as Class II director; discloses employment terms

## Summary
- Joe Aric Peters appointed Class II director for term expiring at 2023 annual meeting; not independent.
- Peters serves as Director of Sales under employment agreement with base salary of $296,067 for 2022, increasing 5% annually.
- Employment agreement runs through Dec 31, 2024, auto-renews for 3-year periods; includes severance for termination without cause or change-in-control.
- Peters received total compensation of $711,000 (FY2022) and $788,000 (FY2021); no additional director compensation.
- Employment agreement includes non-compete, non-solicitation, and confidentiality provisions.

## SEC filing metadata
- accession: 0001437749-22-015591
- form_type: 8-K
- ticker: BUKS
- cik: 0000015847
- company_name: BUTLER NATIONAL CORP
- filed_at: 2022-06-22T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/15847/000143774922015591/0001437749-22-015591-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/15847/000143774922015591/buks20220622_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-015591
- JSON: https://secwatch.observer/filing/0001437749-22-015591.json
- Plain text: https://secwatch.observer/filing/0001437749-22-015591.txt

## Key facts
- Executive change
  Joe Aric Peters was appointed as Class II director at BUTLER NATIONAL CORP.
  - Action: appointed
  - Role: Class II director
  source text: On June 15, 2022, the Board of Directors of Butler National Corporation, a Kansas corporation (the “Company”), appointed Joe Aric Peters (hereafter “Aric Peters” or “Mr. Peters”) as a Class II director of the Company for a term expiring at the 2023 annual meeting of stockholders.
  evidence_url: https://www.sec.gov/Archives/edgar/data/15847/000143774922015591/0001437749-22-015591-index.htm

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