Butler National CFO Adam Sefchick receives added pay as interim CEO, president

Reuters2026/07/24 20:51

By:Reuters

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Butler National set CFO Adam B. Sefchick to continue as interim CEO and president, roles he has held since June 15, 2026.
Compensation committee also granted Sefchick 20,222 restricted shares with phased vesting over two years.
New severance agreement offers 12 months of base-salary severance if terminated without cause, subject to ongoing restrictive covenants.
Change-in-control agreement provides a lump-sum payout tied to prior compensation if termination or good-reason resignation follows a change of control.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Butler National Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000015847-26-000024), on July 24, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Butler National CFO Adam Sefchick receives added pay as interim CEO, president

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