---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-033117"
form_type: "8-K"
ticker: "BUKS"
cik: "0000015847"
company_name: "BUTLER NATIONAL CORP"
filed_at: "2024-11-04T23:59:59+00:00"
generated_at: "2026-05-30T06:04:11.508617+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Butler National shareholders approve board declassification, reverse split authorization, and $2M stock buyback increase

## Summary
- Shareholders elected directors Jeffrey D. Yowell and Joseph P. Daly for three-year terms ending 2027, with over 43.8 million votes each.
- Shareholders approved amendment to declassify Board of Directors, with annual elections beginning in 2027; vote 43.5M for, 0.2M against.
- Shareholders approved amendment to allow reverse stock split and reduce authorized common stock from 100M to 50M; vote 49.7M for, 0.6M against.
- Board approved $2M increase in stock repurchase program to $11M, extending through Nov 15, 2026; $3.172M now available.
- Shareholders ratified RBSM LLP as independent accountant for 2025 with 53M votes for.

## SEC filing metadata
- accession: 0001437749-24-033117
- form_type: 8-K
- ticker: BUKS
- cik: 0000015847
- company_name: BUTLER NATIONAL CORP
- filed_at: 2024-11-04T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.03, 5.07, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/15847/000143774924033117/0001437749-24-033117-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/15847/000143774924033117/buks20241104_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-033117
- JSON: https://secwatch.observer/filing/0001437749-24-033117.json
- Plain text: https://secwatch.observer/filing/0001437749-24-033117.txt

## Key facts
- Governance Changes
  BUTLER NATIONAL CORP: Amendment to declassify the Board of Directors; beginning with the 2027 Annual Meeting, the entire Board will be elected annually (effective 2024-10-30).
  - Change: bylaw amendment
  - Effective: 2024-10-30
  source text: On October 30, 2024, at the Annual Meeting of Shareholders (the “Annual Meeting”) of Butler National Corporation (the “Company”), the Company’s shareholders approved an amendment to the Company’s Bylaws to declassify the Company’s Board of Directors (the “Board”). Beginning with the 2027 Annual Meeting of Stockholders, the entire Board will be elected annually.
  evidence_url: https://www.sec.gov/Archives/edgar/data/15847/000143774924033117/0001437749-24-033117-index.htm

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