Butler National directors resign; company to redeem ~8% of outstanding stock at $0.739/share

BUTLER NATIONAL CORP

Clark D. Stewart (former CEO) and Craig D. Stewart (former President of Aerospace) resign from board, effective July 28, 2023.
Each receives a lump-sum severance: Clark $2,667,711; Craig $1,838,972.
Company redeems 5,889,669 shares total (7.9% of outstanding) at $0.739/share; shares placed in treasury.
Stock repurchase program increased from $4M to $9M, with ~$2.6M remaining after redemption.
Board reduced from seven to five directors; no disagreement cited for resignations.

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