---
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"
generated_at: "2026-05-18T05:57:46.877781+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Butler National adopts director age 75 limit; Hayden retires; Reedy comp restructured

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-035211
- JSON: https://secwatch.observer/filing/0001628280-25-035211.json
- Plain text: https://secwatch.observer/filing/0001628280-25-035211.txt

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