---
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"
generated_at: "2026-05-28T06:43:46.343519+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Butler National reduces CEO and CFO base salaries; grants restricted stock and severance agreements

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-000724
- JSON: https://secwatch.observer/filing/0001437749-25-000724.json
- Plain text: https://secwatch.observer/filing/0001437749-25-000724.txt

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