secwatch.observer — SEC 8-K summary
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Issuer:     BUTLER NATIONAL CORP (BUKS)
CIK:        0000015847
Form:       8-K
Filed at:   2023-10-05T23:59:59+00:00
Accession:  0001437749-23-027765
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Butler National boosts CEO, CFO, and VP salaries; director awarded 300k shares
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- Christopher Reedy (CEO) base salary increased to $595,000; Tad McMahon (CFO/Secretary) to $375,000; Joe Peters to $610,000, retroactive to May 1, 2023.
- Company discontinues discretionary sales commission for Peters; expects net decrease in his total compensation from $763k in FY2023.
- Compensation Committee awarded 300,000 shares to director John Edgar for investor relations work, fully vested on grant date Oct 6, 2023.
- Shareholders re-elected directors David Hayden and Joe Peters, ratified RBSM as auditor, and approved annual advisory vote on exec compensation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/15847/000143774923027765/0001437749-23-027765-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/15847/000143774923027765/buks20231005_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-027765

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