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Yahoo
6 days ago
- Business
- Yahoo
BUTLER NATIONAL CORPORATION REPURCHASES 2.41 MILLION SHARES
Corporation Establishes New Stock Repurchase Program and Closes 2016 Program NEW CENTURY, Kan., Aug. 13, 2025 /PRNewswire/ -- Butler National Corporation (OTCQX: BUKS), a leader in the growing global market for aircraft modification, maintenance, repair and overhaul and a recognized provider of gaming management services, announces that the Company has repurchased 2.41 million of its outstanding shares of common stock since April 30, 2025. The average price paid per share repurchased since April 30, 2025 was $1.51. As a result, the Company closed its 2016 Stock Repurchase Program and established a new $5 million 2025 Stock Repurchase Program that is authorized through April 2027. At current market prices, after giving effect to these recent transactions, this represents authorization to repurchase approximately 4.8% of 64,854,736 outstanding shares. "The Butler National Board of Directors has made stock repurchases a priority. Management has worked diligently to repurchase Butler National common stock through private transactions when larger amounts of shares become available," commented Jeffrey D. Yowell, Executive Chairman. "The new Stock Repurchase Program reflects the commitment of our Board of Directors to enhancing shareholder value and our confidence in Butler National's long-term growth prospects," concluded Mr. Yowell. For the 2.41 million shares repurchased, as of the end of the first quarter on July 31, 2025, the Company had paid the sellers $2.9 million and had remaining payment obligations of $0.9 million due before December 31, 2025. Under the program, Butler National Corporation plans to repurchase shares of its common stock in open market and privately negotiated transactions in accordance with federal securities laws. Management will determine the actual timing, number and value of the shares repurchased under the program, which will depend on a number of factors, including the price of the common stock, general market and economic conditions and applicable legal requirements. About Butler National Corporation Butler National Corporation operates in the Aerospace and Professional Services business segments. The Aerospace Products segment includes the design, manufacture, sale and service of structural modifications, design, integration and installation of electronic equipment, systems and technologies that enhance aircraft operations, and the design, manufacture and sale of defense related articles. Additionally, we operate Federal Aviation Administration (the "FAA") Repair Stations. Companies in Aerospace Products concentrate on products and services for Learjet, Textron Beechcraft, King Air, and Textron Cessna turboprop aircraft. Butler National-Tempe designs and manufactures robust electronic controls and cabling. The Professional Services segment includes the management of a gaming and the related dining and entertainment facility in Dodge City, Kansas. Boot Hill Casino and Resort features approximately 500 slot machines, 15 table games and a DraftKings branded sportsbook. See our website: For investor information, contact:David Drewitz, Investor Relationsdavid@ Or email:Mackenzie Giller, Operationsgmiller@ View original content to download multimedia: SOURCE Butler National Corporation
Yahoo
17-07-2025
- Business
- Yahoo
BUTLER NATIONAL ADOPTS CORPORATE GOVERNANCE GUIDELINES
New Guidelines Establish Mandatory Director Retirement Policy NEW CENTURY, Kan., July 17, 2025 /PRNewswire/ -- Butler National Corporation (OTCQX: BUKS), a leader in the growing global market for aircraft modification, maintenance, repair and overhaul and a recognized provider of gaming management services, announces that its Board of Directors has adopted Corporate Governance Guidelines to promote the sound structure of the Board and best practices of its governance. The new Corporate Governance Guidelines codify existing policies, such as director and officer stock ownership guidelines and annual performance reviews of the Board and Chief Executive Officer. The Guidelines also establish several new policies, including a mandatory retirement age for directors following their 75th birthday. "Butler National has demonstrated significant progress towards good corporate governance over the past year, including moving towards annual elections of all directors, removing the poison-pill (shareholder rights plan), electing a Lead Independent Director, separating the roles of the Chairman of the Board and the Chief Executive Officer, adopting a majority vote standard for uncontested director elections, and now implementing the 75-year age limit. The director age limitation is a strategic move to cultivate fresh perspectives in alignment with the corporation's evolving needs," commented Jeffrey D. Yowell, Executive Chairman of Butler National Corporation. "The Butler National Board continues to adopt policies that strengthen corporate governance, and the 75-year age limitation for directors supports effective leadership succession," concluded Mr. Yowell. The Corporate Governance Guidelines are available to review on the corporation's Investor Relations website. More About Butler National Corporation Butler National Corporation operates in the Aerospace and Professional Services business segments. The Aerospace Products segment includes the design, manufacture, sale and service of structural modifications, design, integration and installation of electronic equipment, systems and technologies that enhance aircraft operations, and the design, manufacture and sale of defense related articles. Additionally, we operate Federal Aviation Administration (the "FAA") Repair Stations. Companies in Aerospace Products concentrate on products and services for Learjet, Textron Beechcraft, King Air, and Textron Cessna turboprop aircraft. Butler National-Tempe designs and manufactures robust electronic controls and cabling. The Professional Services segment includes the management of a gaming and the related dining and entertainment facility in Dodge City, Kansas. Boot Hill Casino and Resort features approximately 500 slot machines, 15 table games and a DraftKings branded sportsbook. See our website: For investor information, contact:David Drewitz, Investor Relationsdavid@ Or email:Mackenzie Giller, Operationsgmiller@ View original content to download multimedia: SOURCE Butler National Corporation
