BUTLER NATIONAL CORPORATION (OTCMKTS:BUKS) Files An 8-K Other EventsItem 8.01
BUTLER NATIONAL CORPORATION (OTCMKTS:BUKS) Files An 8-K Other Events
Other Events
On December 20, 2016, Butler National Corporation (“Butler National”) announced that its Board of Directors authorized the repurchase of shares of Butler National common stock in the open market or otherwise, at an aggregate purchase price of up to $500,000. The timing and amount of any share repurchases will be determined by Butler National’s management based on market conditions and other factors. The program is currently authorized through May 1, 2018. A copy of the December 20, 2016 press release announcing the stock repurchase is attached as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01
Financial Statements and Exhibits
Exhibit 99.1
Press release of Butler National Corporation dated December 20, 2016.
About BUTLER NATIONAL CORPORATION (OTCMKTS:BUKS)
Butler National Corporation focuses on Professional Services and Aerospace Products. The Company operates in two segments: Professional Services and Aerospace Products. The Company’s Professional Services segment derives its revenue from professional management services in the gaming industry through Butler National Service Corporation (BNSC) and BHCMC, LLC (BHCMC), and professional architectural, engineering and management support services through BCS Design, Inc. (BCS). The Aerospace Products segment focuses on two product lines: Aircraft Modifications and Avionics. The Aerospace Products segment is engaged in designing system integration, engineering, manufacturing, installing, servicing, and repairing products for classic production aircraft. These products include JET autopilot service and repairs, Avcon Industries, Inc. (Avcon) provisions and system integration for special mission equipment installations, and Butler Avionics equipment sales and installation. BUTLER NATIONAL CORPORATION (OTCMKTS:BUKS) Recent Trading Information
BUTLER NATIONAL CORPORATION (OTCMKTS:BUKS) closed its last trading session up +0.028 at 0.233 with 135,963 shares trading hands.
Butler National Corporation focuses on Professional Services and Aerospace Products. The Company operates in two segments: Professional Services and Aerospace Products. The Company’s Professional Services segment derives its revenue from professional management services in the gaming industry through Butler National Service Corporation (BNSC) and BHCMC, LLC (BHCMC), and professional architectural, engineering and management support services through BCS Design, Inc. (BCS). The Aerospace Products segment focuses on two product lines: Aircraft Modifications and Avionics. The Aerospace Products segment is engaged in designing system integration, engineering, manufacturing, installing, servicing, and repairing products for classic production aircraft. These products include JET autopilot service and repairs, Avcon Industries, Inc. (Avcon) provisions and system integration for special mission equipment installations, and Butler Avionics equipment sales and installation. BUTLER NATIONAL CORPORATION (OTCMKTS:BUKS) Recent Trading Information
BUTLER NATIONAL CORPORATION (OTCMKTS:BUKS) closed its last trading session up +0.028 at 0.233 with 135,963 shares trading hands.