---
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"
generated_at: "2026-05-21T05:00:08.297339+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- 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/15847/000143774925016976/0001437749-25-016976-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/15847/000143774925016976/buks20250514_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-016976
- JSON: https://secwatch.observer/filing/0001437749-25-016976.json
- Plain text: https://secwatch.observer/filing/0001437749-25-016976.txt

## Key facts
- Executive change
  Mickie Lamphere departed as Chief Financial Officer at BUTLER NATIONAL CORP.
  - Action: departed
  - Role: Chief Financial Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/15847/000143774925016976/0001437749-25-016976-index.htm
- Executive change
  Adam B. Sefchick was appointed as Chief Financial Officer at BUTLER NATIONAL CORP.
  - Action: appointed
  - Role: Chief Financial Officer
  source text: Effective May 14, 2025, Butler National Corporation (the “Company”) appointed Adam B. Sefchick to the position of Chief Financial Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/15847/000143774925016976/0001437749-25-016976-index.htm

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