secwatch.observer — SEC 8-K summary
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Issuer:     BUTLER NATIONAL CORP (BUKS)
CIK:        0000015847
Form:       8-K
Filed at:   2024-11-04T23:59:59+00:00
Accession:  0001437749-24-033117
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.03, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/15847/000143774924033117/0001437749-24-033117-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/15847/000143774924033117/buks20241104_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-033117

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