Latest news with #ButlerNationalCorporation
Yahoo
5 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
Yahoo
15-05-2025
- Business
- Yahoo
Butler National Corporation Announces Appointment of Adam Sefchick as Chief Financial Officer
OLATHE, Kan., May 15, 2025 /PRNewswire/ -- Butler National Corporation (OTCQX: BUKS), a leader in the aerospace and professional services industries, is pleased to announce the appointment of Adam Sefchick, CPA, as its new Chief Financial Officer. Mr. Sefchick will serve as the Company's principal financial officer and principal accounting officer. Mr. Sefchick brings a wealth of financial expertise and SEC reporting experience to the position in addition to business systems, aligning with Butler National's strategic objectives during its current phase of organic growth. Mr. Sefchick most recently served as the Chief Accounting Officer at Jack Cooper, a specialty transportation and logistics provider. During his tenure, he successfully managed financial reporting, SEC filings, debt issuances, and complex financial transactions. Prior to his role at Jack Cooper, he held positions as Vice President of Accounting and Vice President of Financial Reporting, where he demonstrated his ability to implement metrics and develop corporate information systems effectively. Mr. Sefchick's business information systems experience and background provides a firm foundation for effectively consolidating the Company's systems. "We are excited to welcome Adam to the Butler National team," said Chris Reedy, Chief Executive Officer. "His extensive experience in financial management, SEC reporting, and operational efficiencies aligns with our ongoing initiatives to streamline processes and drive cost reductions as we grow. We are confident that Adam's leadership will provide a solid foundation for enhancing financial transparency and supporting our long-term growth." Looking ahead at Butler National, Mr. Sefchick's expertise is expected to play a pivotal role in analyzing and developing information systems to facilitate efficiencies within production and reduce overhead associated with legacy processes. His financial acumen will also be instrumental in optimizing the company's financial structure to support its strategic objectives. Mr. Sefchick holds a Master of Science in Business and Information Systems and a Bachelor of Science in Business Administration/Accounting, both from the University of Kansas. He is a Certified Public Accountant and has served as a member of the Audit and Assurance Committee of the Missouri Society of CPAs. The appointment of Mr. Sefchick is subject to a satisfactory background investigation by the Kansas Racing and Gaming Commission. More About Butler National Corporation Butler National Corporation, a 50-year old public stock company, operates in the Aerospace and Professional Services business segments. The Aerospace Products segment includes the manufacture, sale and service of electronic equipment and modifications to aircraft structures and electrical systems to support special mission and commercial aviation operations. Additionally, we operate two Federal Aviation Administration ("FAA") Repair Stations. Butler National companies, Avcon Industries, Inc. and Butler Avionics, Inc. concentrate on enhancements to Learjet, Beechcraft King Air, Cessna Caravan, Gulfstream, and other turbine powered 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, 16 table games and a DraftKings branded sportsbook. See our website: For investor information, contact:David Drewitz, Investor Relationsdavid@ 972-814-5723 Or email: Mackenzie Giller, OperationsButler National Corporationmgiller@ View original content to download multimedia: SOURCE Butler National Corporation Sign in to access your portfolio
Yahoo
22-04-2025
- Business
- Yahoo
Here's Merion Road Capital's Investment Thesis for Butler National Corp (BUKS)
Merion Road Capital Management, an investment advisor, released its first-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the first quarter, Merion Road Small Cap Fund returned (7.8%) compared to (9.5%) return for the Russell 2000 Index. The decline was due to small-cap companies' continuous underperformance relative to their larger counterparts. The long-only portfolio of Merion Road declined (8.2%) during the quarter compared to the S&P 500's (4.3%) return. The decline was primarily attributable to tech-oriented holdings and economically sensitive industrials. In addition, you can check the fund's top 5 holdings to determine its best picks for 2025. In its first-quarter 2025 investor letter, Merion Road Capital Management highlighted stocks such as Butler National Corporation (OTC:BUKS). Butler National Corporation (OTC:BUKS) designs, manufactures, and distributes a portfolio of aerostructures, aircraft components, avionics, accessories, subassemblies, and systems that operates through two segments, Aerospace Products and Professional Services. The one-month return of Butler National Corporation (OTC:BUKS) was -9.71%, and its shares gained 84.44% of their value over the last 52 weeks. On April 21, 2025, Butler National Corporation (OTC:BUKS) stock closed at $1.55 per share with a market capitalization of $107.28 million. Merion Road Capital Management stated the following regarding Butler National Corporation (OTC:BUKS) in its Q1 2025 investor letter: "A company I haven't previously discussed is Butler National Corporation (OTC:BUKS). BUKS owns a regional casino in Dodge City, KS and an aircraft modification business. While I have tracked the company for many years, I began buying in 2023 following the announcement that their former CEO would step down and sell his shares back to the company (~10% of the shares outstanding). This event removed a key overhang for me – the presence of an entrenched management team with multiple family members on the company payroll. BUKS further strengthened its corporate governance in early 2024 by bringing on two new independent directors, including its largest shareholder. At the annual meeting last year, the company passed a resolution to declassify the board, yet another step in the right direction. Summing up this activity, BUKS executed a large buyback at a fraction of current trading levels, reduced unnecessary overhead, has a highly incentivized board of directors, and is taking steps to improve shareholder friendliness. Butler National Corporation (OTC:BUKS) is not on our list of 30 Most Popular Stocks Among Hedge Funds. While we acknowledge the potential of Butler National Corporation (OTC:BUKS) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
