{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-020646","form_type":"8-K","ticker":"BUKS","cik":"0000015847","company_name":"BUTLER NATIONAL CORP","filed_at":"2023-07-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.437597+00:00","generated_at":"2026-06-13T02:20:44.112662+00:00","sec_items":["1.01","5.02","8.01","9.01"],"event_type":"leadership","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Butler National directors resign; company to redeem ~8% of outstanding stock at $0.739/share","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-020646","json":"https://secwatch.observer/filing/0001437749-23-020646.json","markdown":"https://secwatch.observer/filing/0001437749-23-020646.md","text":"https://secwatch.observer/filing/0001437749-23-020646.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/15847/000143774923020646/0001437749-23-020646-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/15847/000143774923020646/buks20230721_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T02:20:44.112662+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"}