secwatch.observer — SEC 8-K summary
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Issuer:     BUTLER NATIONAL CORP (BUKS)
CIK:        0000015847
Form:       8-K
Filed at:   2025-05-15T23:59:59+00:00
Accession:  0001437749-25-016976
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/15847/000143774925016976/0001437749-25-016976-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/15847/000143774925016976/buks20250514_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-016976

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