{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-035211","form_type":"8-K","ticker":"BUKS","cik":"0000015847","company_name":"BUTLER NATIONAL CORP","filed_at":"2025-07-17T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.420077+00:00","generated_at":"2026-05-18T05:57:46.877781+00:00","sec_items":["5.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Butler National adopts director age 75 limit; Hayden retires; Reedy comp restructured","bullets":["Director David B. Hayden retired July 11, 2025; Board reduced to 5 members.","Julie M. Bowen appointed Audit Committee Chair; qualifies as Audit Committee Financial Expert.","CEO Reedy's base salary cut to $565k from $580k; bonus target raised to $235k; $135k restricted stock awarded.","New severance (12 months base salary) and change-in-control (1.5x highest comp) agreements with Reedy.","Board adopted governance guidelines mandating director retirement at age 75; other governance improvements."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-035211","json":"https://secwatch.observer/filing/0001628280-25-035211.json","markdown":"https://secwatch.observer/filing/0001628280-25-035211.md","text":"https://secwatch.observer/filing/0001628280-25-035211.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/15847/000162828025035211/0001628280-25-035211-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/15847/000162828025035211/buks-20250717.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T05:57:46.877781+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}