secwatch.observer — SEC 8-K summary
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Issuer:     BUTLER NATIONAL CORP (BUKS)
CIK:        0000015847
Form:       8-K
Filed at:   2025-01-13T23:59:59+00:00
Accession:  0001437749-25-000966
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/15847/000143774925000966/0001437749-25-000966-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/15847/000143774925000966/buks20250113_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-000966

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