secwatch.observer — SEC 8-K summary
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Issuer:     BUTLER NATIONAL CORP (BUKS)
CIK:        0000015847
Form:       8-K
Filed at:   2023-10-02T23:59:59+00:00
Accession:  0001437749-23-027326
Event type: m_and_a
Sentiment:  positive
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Butler National acquires KC Machine for $2.9M to bolster aircraft parts fabrication
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- Acquired substantially all assets of KC Machine, LLC for approximately $2.9 million; deal closed September 29, 2023.
- KC Machine supplies precision machine parts, repairs, fabrication, and design engineering; ITAR and ISO 9001:2015 certified.
- Acquisition expected to create synergy with Butler's Avcon aircraft modification unit by reducing part costs and adding skilled workers.
- Former KC Machine CEO Keith Diebold will remain to support the transition and maintain customer relationships.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/15847/000143774923027326/0001437749-23-027326-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/15847/000143774923027326/buks20230929_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-027326

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer