{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-25-016976","form_type":"8-K","ticker":"BUKS","cik":"0000015847","company_name":"BUTLER NATIONAL CORP","filed_at":"2025-05-15T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.890811+00:00","generated_at":"2026-05-21T05:00:08.297339+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 appoints Adam Sefchick as CFO with $290K base salary","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-25-016976","json":"https://secwatch.observer/filing/0001437749-25-016976.json","markdown":"https://secwatch.observer/filing/0001437749-25-016976.md","text":"https://secwatch.observer/filing/0001437749-25-016976.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/15847/000143774925016976/0001437749-25-016976-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/15847/000143774925016976/buks20250514_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-21T05:00:08.297339+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":[{"claim_id":"81ca9aa152","claim":"Mickie Lamphere departed as Chief Financial Officer at BUTLER NATIONAL CORP.","evidence_excerpt":"With the appointment of Mr. Sefchick, Butler National concluded its contract relationship with Mickie Lamphere on May 13, 2024, previously engaged through Morgan Hunter.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/15847/000143774925016976/0001437749-25-016976-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"departed"},{"label":"Role","value":"Chief Financial Officer"}],"fact_type":"executive_change"},{"claim_id":"9115ba2b7a","claim":"Adam B. Sefchick was appointed as Chief Financial Officer at BUTLER NATIONAL CORP.","evidence_excerpt":"Effective May 14, 2025, Butler National Corporation (the “Company”) appointed Adam B. Sefchick to the position of Chief Financial Officer.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/15847/000143774925016976/0001437749-25-016976-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Financial Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}