Butler National Corp 8-K, filed Jan 5, 2022
Butler National Corp (BUKS)
About this 8-K
Butler National Corp filed this 8-K on January 5, 2022.
Items reported
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
(Exact Name of Registrant as Specified in its Charter)
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Item 8.01
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Other Events.
On January 5, 2022, Butler National Corporation (OTCQB: BUKS) announces that its subsidiary Avcon Industries, Inc., a leading provider of ISR and special mission solutions for aircraft, received Federal Aviation Administration approval of Avcon special mission modifications for the Model 208 and 208B Caravan. A copy of the April 26, 2017 press release announcing the stock repurchase is attached as Exhibit 99.1 to this Current Report on Form 8-K.
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Item 9.01
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Financial Statements and Exhibits.
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Exhibit 99
Exhibit 104
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Cover Page Interactive Data File (embedded within the Inline XBRL document)
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BUTLER NATIONAL CORPORATION
(Registrant) |
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January 5, 2022
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/S/ Clark D. Stewart
Clark D. Stewart (President and Chief Executive Officer) |
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January 5, 2022
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/S/ Tad M. McMahon
Tad M. McMahon (Chief Financial Officer) |
Exhibit 99
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PRESS RELEASE |
January 5, 2022 |
Avcon Caravan Aircraft Sensor Platform FAA STC Approved
OLATHE, KANSAS, January 5, 2022, - Butler National Corporation (OTCQB: BUKS) announces that its subsidiary Avcon Industries, Inc., a leading provider of ISR and special mission solutions for aircraft, received Federal Aviation Administration approval of Avcon special mission modifications for the Model 208 and 208B Caravan. FAA Supplemental Type Certificate number SA01975WI approves Avcon fuselage sensor ports with or without the Avcon Mission Power System for the Textron Aviation (Cessna) Model 208/208B.
The Avcon Caravan Sensor STC solution offers a cost-effective installation of dual sensor holes (ports) in the aft fuselage of the airplane and the optional provisions for custom missionization power for the Caravan.
Management Comments
Marcus Abendroth, President of Avcon, said, “This is tremendous break-through project for entering a new aircraft market. The objective of the Avcon Caravan Sensor Platform is to incorporate unique features and functionality gained from Avcon’s extensive modification experience. This provides the marketplace with a cost-effective sensor port modification to a recognized single-engine platform. The modification was designed to easily be produced as a kit for qualified installers and to minimize downtime. There are over 2,500 of these aircraft built and we are confident that this modification will satisfy a need in a significant market and accommodate larger new-technology sensors. We look forward to continuing to grow our product offerings.”
Our Business:
Avcon Industries, Inc. is a wholly owned subsidiary of Butler National Corporation. Butler National operates in the Aerospace and Management Services business segments. The Aerospace segment focuses on the manufacturing and certification of aviation-related products, including Special Mission – Intelligence Surveillance Reconnaissance solutions, avionics offerings, regulatory solutions, and controls for weapons systems. Services include temporary employee services, gaming services and administrative management services.
Forward-Looking Information:
Statements made in this report, other reports and proxy statements filed with the Securities and Exchange Commission, communications to stockholders, press releases, and oral statements made by representatives of the Company that are not historical in nature, or that state the Company or management intentions, hopes, beliefs, expectations or predictions of the future, may constitute "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements can often be identified by the use of forward-looking terminology, such as "could," "should," "will," "intended," "continue," "believe," "may," "expect," "hope," "anticipate," "goal," "forecast," "plan," "guidance" or "estimate" or the negative of these words, variations thereof or similar expressions. Forward-looking statements are not guarantees of future performance or results. They involve risks, uncertainties, and assumptions. It is important to note that any such performance and actual results, financial condition or business, could differ materially from those expressed in such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in Item 1A of the Company’s Annual Report on Form 10-K, incorporated herein by reference. Risk Factors and elsewhere herein or in other reports filed with the SEC. Other unforeseen factors not identified herein could also have such an effect. We undertake no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes in future operating results, financial condition or business over time.
FOR MORE INFORMATION, CONTACT:
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Aric Peters, Director of Sales and Marketing |
Ph (913) 780-9595 |
THE WORLDWIDE WEB:
Please review www.avconindustries.com for pictures of our products and details about Butler National Corporation and its subsidiaries.