{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-25-000724","form_type":"8-K","ticker":"BUKS","cik":"0000015847","company_name":"BUTLER NATIONAL CORP","filed_at":"2025-01-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:04.081361+00:00","generated_at":"2026-05-28T06:43:46.343519+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Butler National reduces CEO and CFO base salaries; grants restricted stock and severance agreements","bullets":["CEO Reedy base salary decreased from $595K to $580K; CFO Peters from $610K to $538,667.","Cash bonus targets set at $215K (Reedy) and $169K (Peters), tied to revenue, operating income, and non-financial goals.","Restricted stock awards: $135K for Reedy, $15K for Peters; fully vest by January 7, 2027.","Severance agreements provide 12 months base salary for termination without cause; change-in-control agreements pay 2x highest compensation plus benefits.","2025 Annual Cash Bonus Plan adopted for all salaried employees; performance goals include revenue and operating income."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-25-000724","json":"https://secwatch.observer/filing/0001437749-25-000724.json","markdown":"https://secwatch.observer/filing/0001437749-25-000724.md","text":"https://secwatch.observer/filing/0001437749-25-000724.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/15847/000143774925000724/0001437749-25-000724-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/15847/000143774925000724/buks20250108_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-28T06:43:46.343519+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}