---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-010401"
form_type: "8-K"
ticker: "BUKS"
cik: "0000015847"
company_name: "BUTLER NATIONAL CORP"
filed_at: "2024-04-01T23:59:59+00:00"
generated_at: "2026-06-04T04:38:38.567382+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Butler National closes sale of two Olathe, KS buildings for $2.1M net, gains $1.5M

## Summary
- Sold former corporate office at 19920 W. 161st St and adjacent warehouse at 19930 W. 161st St, Olathe, KS.
- Net proceeds: $1M for office, $1.1M for warehouse; total $2.1M.
- Properties had a lien of approximately $376,000.
- Sale resulted in a gain of $1.5 million.
- Sale closed on March 29, 2024.

## SEC filing metadata
- accession: 0001437749-24-010401
- form_type: 8-K
- ticker: BUKS
- cik: 0000015847
- company_name: BUTLER NATIONAL CORP
- filed_at: 2024-04-01T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/15847/000143774924010401/0001437749-24-010401-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/15847/000143774924010401/buks20240401_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-010401
- JSON: https://secwatch.observer/filing/0001437749-24-010401.json
- Plain text: https://secwatch.observer/filing/0001437749-24-010401.txt

## Key facts
- M&A Transactions
  BUTLER NATIONAL CORP completed a disposition for net proceeds of the two buildings were $1 million for the former Corporate Office, and $1.1 million for the 19930 W. 161 st Street property (closed 2024-03-29).
  - Action: disposition
  - Consideration: net proceeds of the two buildings were $1 million for the former Corporate Office, and $1.1 million for the 19930 W. 161 st Street property
  - Closing: 2024-03-29
  source text: on the sale of two of its buildings in Olathe, Kansas resulting in a gain to the Corporation of $1.5 million. The Company completed the sale of the former Corporate Office, 19920 W. 161 st Street, Olathe, Kansas, and the adjacent building/warehouse at 19930 W. 161 st Street, Olathe, Kansas 66062. The net proceeds of the two buildings were $1 million for
  evidence_url: https://www.sec.gov/Archives/edgar/data/15847/000143774924010401/0001437749-24-010401-index.htm

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