Butler National creates Executive Chairman role, appoints Jeff Yowell; adds $160K annual compensation

BUTLER NATIONAL CORP

Jeffrey D. Yowell named Executive Chairman; Chris Reedy remains CEO and no longer serves as Board chairman.
Yowell receives $160,000/yr additional compensation on top of standard director fee ($90,000/yr).
Yowell no longer qualifies as independent director; Joseph P. Daly appointed Lead Independent Director.
Yowell is not an employee or executive officer; role supports CEO in strategy and day-to-day operations.
Yowell has served on Butler National board for nearly one year; also chairs Trust of Buffalo Funds since 2018.

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