Butler National appoints Adam Sefchick as CFO with $290K base salary

BUTLER NATIONAL CORP

Adam Sefchick, CPA, appointed CFO effective May 14, 2025; prior CFO Mickie Lamphere left May 13, 2024 (as reported).
Annual base salary $290,000 for FY ending April 30, 2026; cash bonus target $60,000 based on revenue and operating income.
Restricted stock award of $75,000 vests equally over 3 years on May 1, 2026, 2027, and 2028.
Appointment subject to satisfactory background investigation by Kansas Racing and Gaming Commission.
Sefchick previously served as Chief Accounting Officer at Jack Cooper Investments (2015-2025) and Audit Senior Manager at Grant Thornton.

item 5.02 item 9.01

Executive movements

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Departed

Mickie Lamphere

Chief Financial Officer

BUKS · BUTLER NATIONAL CORP

Effective: 2024-05-13
Successor: Adam B. Sefchick
Filed: May 15, 2025, 7:59 PM ET

With the appointment of Mr. Sefchick, Butler National concluded its contract relationship with Mickie Lamphere on May 13, 2024, previously engaged through Morgan Hunter.

Appointed

Adam B. Sefchick

Chief Financial Officer

BUKS · BUTLER NATIONAL CORP

Effective: 2025-05-14
Filed: May 15, 2025, 7:59 PM ET

Effective May 14, 2025, Butler National Corporation (the “Company”) appointed Adam B. Sefchick to the position of Chief Financial Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Mickie Lamphere departed as Chief Financial Officer at BUTLER NATIONAL CORP.

Action: departed
Role: Chief Financial Officer

Exact text from the filing

With the appointment of Mr. Sefchick, Butler National concluded its contract relationship with Mickie Lamphere on May 13, 2024, previously engaged through Morgan Hunter.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Adam B. Sefchick was appointed as Chief Financial Officer at BUTLER NATIONAL CORP.

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

Effective May 14, 2025, Butler National Corporation (the “Company”) appointed Adam B. Sefchick to the position of Chief Financial Officer.

View on SEC.gov

BUTLER NATIONAL CORP filing history →

Source: SEC EDGAR

accession 0001437749-25-016976

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