Butler National Names Jeffrey D. Yowell as Executive Chairman, Announces Leadership Changes

On January 13, 2025, Butler National Corporation revealed significant leadership changes with the creation of the Executive Chairman position to lead the Board of Directors. The current director, Jeffrey D. Yowell, has been appointed to this role, resulting in Christopher J. Reedy stepping down as the Board Chairman.

While Mr. Yowell is not categorized as an employee, independent contractor, or executive officer of the company, he will collaborate with and assist the Chief Executive Officer in day-to-day operations and strategic planning. To support his new responsibilities, Butler National Corporation will compensate Mr. Yowell an additional $160,000 annually on top of the standard director compensation of $90,000 per year.

Additionally, in light of his new role, the Board has determined that Mr. Yowell no longer meets the criteria to be considered an independent director. Consequently, Joseph P. Daly has been elected as the Lead Independent Director.

The company has unveiled Exhibit 99, a press release announcing Yowell’s appointment as the Executive Chairman. Furthermore, Exhibit 104 includes the Cover Page Interactive Data File, embedded within the Inline XBRL document, providing additional details regarding this recent development.

Pursuant to the Securities Exchange Act of 1934, Butler National Corporation has officially signed off on this report on January 13, 2025, with Christopher J. Reedy, the Chief Executive Officer, authorizing the disclosure.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Butler National’s 8K filing here.

Butler National Company Profile

Butler National Corporation, together with its subsidiaries, designs, engineers, manufactures, sells, integrates, installs, repairs, modifies, overhauls, services, and distributes a portfolio of aerostructures, aircraft components, avionics, accessories, subassemblies, and systems in North America, Europe, the Middle East, Asia, and internationally.