{"success":true,"data":{"pressRelease":{"id":"163452","rtpr_id":"nPn4jfRnqa-20261007","ticker":"BUKS","exchange":"OTC","all_tickers":["BUKS"],"title":"BUTLER NATIONAL CORPORATION ANNOUNCES $10 MILLION INCREASE IN STOCK REPURCHASE PROGRAM","author":"PR Newswire","published_at":"2026-10-07T17:16:29.462Z","article_body":"BUTLER NATIONAL CORPORATION ANNOUNCES $10 MILLION INCREASE IN STOCK REPURCHASE PROGRAM\nPR Newswire\n\nNEW CENTURY, Kan., Oct. 7, 2026\n\nNEW CENTURY, Kan., Oct. 7, 2026 /PRNewswire/ -- Butler National Corporation\n(OTCQX: BUKS), a leader in the growing global market for aircraft\nmodification, maintenance, repair and overhaul (MRO) and a recognized provider\nof gaming management services, today announced that its Board of Directors has\nauthorized a $10 million increase in the Company's existing common stock\nrepurchase program, bringing the total available authorization to\napproximately $11.9 million. The Board also extended the stock repurchase\nprogram through April 30, 2029.\n\nThe Board's decision to increase the authorization reflects its continued\nevaluation of the Company's capital allocation priorities and its belief that\nshare repurchases can represent an attractive use of capital when balanced\nagainst the Company's ongoing investments in organic growth and other\nstrategic opportunities. The size of the increased authorization was\ndetermined after considering the Company's current financial position,\nexpected capital requirements and opportunities to invest in the continued\ngrowth of its businesses. The increased authorization provides the Company\nwith additional flexibility to repurchase shares when the Board and management\nbelieve market conditions make doing so advantageous to long-term\nshareholders.\n\nThe Company has repurchased approximately 300,000 of its outstanding shares\nof common stock since April 30, 2026. The average price paid per share\nrepurchased since April 30, 2026 was $4.16.\n\n\"The Butler National Board of Directors continues to view stock repurchases as\nan important component of our capital allocation strategy,\" commented Jeffrey\nD. Yowell, Executive Chairman. \"We believe the increased authorization\nprovides us with additional flexibility to return capital to shareholders when\nmarket conditions make repurchases attractive, while continuing to invest in\nthe long-term growth of our businesses. This action reflects our confidence in\nButler National's long-term prospects and our commitment to creating\nshareholder value.\"\n\nUnder the program, Butler National Corporation intends to repurchase shares of\nits common stock in open market and privately negotiated transactions in\naccordance with applicable federal securities laws. The timing, number and\nvalue of shares repurchased under the program will be determined by management\nin its discretion and will depend on a number of factors, including the price\nof the common stock, general market and economic conditions and applicable\nlegal requirements. The stock repurchase program does not require the Company\nto acquire any dollar amount or number of shares of common stock and may be\nmodified, suspended, extended or terminated by the Company's Board of\nDirectors at any time without prior notice.\n\nAbout Butler National Corporation\n\nButler National Corporation operates in the Aerospace and Professional\nServices business segments. The Aerospace Products segment includes the\ndesign, manufacture, sale and service of structural modifications, design,\nintegration and installation of electronic equipment, systems and technologies\nthat enhance aircraft operations, and the design, manufacture and sale of\ndefense related articles. Additionally, Butler National Corporation operates\nFAA Repair Stations. Companies in Aerospace Products concentrate on products\nand services for Learjet, Challenger, Textron Beechcraft King Air, and Cessna\nturboprop aircraft. Butler National-Tempe designs and manufactures robust\nelectronic controls and cabling. The Professional Services segment includes\nthe management of a gaming, dining and entertainment facility in Dodge City,\nKansas. Boot Hill Casino and Resort features approximately 500 slot machines,\n15 table games and a DraftKings branded sportsbook.\n\nSee our website: www.butlernational.com (http://www.butlernational.com)\n\nForward-Looking Information\n\nStatements made in this press release, reports and proxy statements filed with\nthe Securities and Exchange Commission (the \"SEC\"), communications to\nstockholders, and oral statements made by representatives of the Company that\nare not historical in nature, or that state the Company's or management's\nintentions, plans, beliefs, expectations or predictions of the future, may\nconstitute \"forward-looking statements\" within the meaning of Section 21E of\nthe Securities Exchange Act of 1934, as amended (the \"Exchange Act\").\nForward-looking statements may often be identified by the use of\nforward-looking terminology, such as \"could,\" \"should,\" \"will,\" \"intend,\"\n\"continue,\" \"believe,\" \"may,\" \"expect,\" \"anticipate,\" \"goal,\" \"forecast,\"\n\"plan,\" \"guidance\" or \"estimate\" or the negative of these words, variations\nthereof or similar expressions. However, the absence of these words does not\nmean that a statement is not forward-looking. Forward-looking statements are\nnot guarantees of future performance or results. They involve risks,\nuncertainties, and assumptions. It is important to note that any such\nperformance and actual results, financial condition or business, could differ\nmaterially from those expressed in such forward-looking statements. Factors\nthat could cause or contribute to such differences, many of which are outside\nof the Company's control, include, but are not limited to: (i) customer\nconcentration risk; (ii) dependence on government spending; (iii) government\nshutdown; (iv) industry specific business cycles; (v) regulatory hurdles in\nthe launch of new products; (vi) loss of key personnel, including executive\nofficers; (vii) the geographic location of our casino; (viii) fixed-price\ncontracts; (ix) international sales; (x) changing U.S. trade policy and\nimpacts of tariffs; (xi) need to acquire hangar space for substantial growth;\n(xii) future acquisitions; (xiii) supply chain and labor issues; (xiv)\ncustomer demand; (xv) insurance costs and insufficient insurance for aircraft\nmodifications; (xvi) cyber security threats; (xvii) fraud, theft and cheating\nat our casino; (xviii) dependence on third-party platforms to offer sports\nwagering; (xix) outside factors influence the profitability of sports wagering\nand legacy gaming; (xx) change of control restrictions; (xxi) significant and\nexpensive governmental regulation across our industries; (xxii) U.S.\nGovernment action with respect to contracts; (xxiii) failure by the Company or\nits stockholders to maintain applicable gaming licenses; (xxiv) evolving\npolitical and legislative initiatives in gaming; (xxv) extensive and\nincreasing taxation of gaming revenues; (xxvi) changes in regulations of\nfinancial reporting; (xxvii) the availability of financing; (xxviii) potential\nimpairment losses; (xxix) marketability restrictions of our common stock;\n(xxx) the possibility of a reverse-stock split; (xxxi) market competition by\nlarger competitors; (xxxii) acts of terrorism and war; (xxxiii) climate\nchange, inclement weather and natural disasters; (xxxiv) rising inflation;\n(xxxv) failure of risk management; (xxxvi) effectiveness of internal controls;\nand (xxxvii) other factors discussed in Item 1A of the Company's Annual Report\non Form 10-K and other filings the Company makes with the SEC from time to\ntime.\n\nThe forward-looking statements contained herein speak only as of the date of\nthis press release. The Company undertakes no obligation to update or revise\nforward-looking statements to reflect changed assumptions, the occurrence of\nunanticipated events or changes in future operating results, financial\ncondition or business over time, except as expressly required by federal\nsecurities laws.\n\nFor investor information, contact:\nDavid Drewitz, Investor Relations\ndavid@creativeoptionscommunications.com\n(mailto:david@creativeoptionscommunications.com)\nwww.creativeoptionscommunications.com\n(http://www.creativeoptionscommunications.com)\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/butler-national-corporation-announces-10-million-increase-in-stock-repurchase-program-302901433.html\n(https://www.prnewswire.com/news-releases/butler-national-corporation-announces-10-million-increase-in-stock-repurchase-program-302901433.html)\n\nSOURCE Butler National Corporation\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS658822/Butler-National-Corporation-Logo.jpg?id=OA2992694\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn4jfRnqa-20261007","title":"BUTLER NATIONAL CORPORATION ANNOUNCES $10 MILLION INCREASE IN STOCK REPURCHASE PROGRAM","author":"PR Newswire","ticker":"BUKS","created":"2026-10-07T17:16:29.462Z","tickers":["BUKS"],"exchange":"OTC","article_body":"BUTLER NATIONAL CORPORATION ANNOUNCES $10 MILLION INCREASE IN STOCK REPURCHASE PROGRAM\nPR Newswire\n\nNEW CENTURY, Kan., Oct. 7, 2026\n\nNEW CENTURY, Kan., Oct. 7, 2026 /PRNewswire/ -- Butler National Corporation\n(OTCQX: BUKS), a leader in the growing global market for aircraft\nmodification, maintenance, repair and overhaul (MRO) and a recognized provider\nof gaming management services, today announced that its Board of Directors has\nauthorized a $10 million increase in the Company's existing common stock\nrepurchase program, bringing the total available authorization to\napproximately $11.9 million. The Board also extended the stock repurchase\nprogram through April 30, 2029.\n\nThe Board's decision to increase the authorization reflects its continued\nevaluation of the Company's capital allocation priorities and its belief that\nshare repurchases can represent an attractive use of capital when balanced\nagainst the Company's ongoing investments in organic growth and other\nstrategic opportunities. The size of the increased authorization was\ndetermined after considering the Company's current financial position,\nexpected capital requirements and opportunities to invest in the continued\ngrowth of its businesses. The increased authorization provides the Company\nwith additional flexibility to repurchase shares when the Board and management\nbelieve market conditions make doing so advantageous to long-term\nshareholders.\n\nThe Company has repurchased approximately 300,000 of its outstanding shares\nof common stock since April 30, 2026. The average price paid per share\nrepurchased since April 30, 2026 was $4.16.\n\n\"The Butler National Board of Directors continues to view stock repurchases as\nan important component of our capital allocation strategy,\" commented Jeffrey\nD. Yowell, Executive Chairman. \"We believe the increased authorization\nprovides us with additional flexibility to return capital to shareholders when\nmarket conditions make repurchases attractive, while continuing to invest in\nthe long-term growth of our businesses. This action reflects our confidence in\nButler National's long-term prospects and our commitment to creating\nshareholder value.\"\n\nUnder the program, Butler National Corporation intends to repurchase shares of\nits common stock in open market and privately negotiated transactions in\naccordance with applicable federal securities laws. The timing, number and\nvalue of shares repurchased under the program will be determined by management\nin its discretion and will depend on a number of factors, including the price\nof the common stock, general market and economic conditions and applicable\nlegal requirements. The stock repurchase program does not require the Company\nto acquire any dollar amount or number of shares of common stock and may be\nmodified, suspended, extended or terminated by the Company's Board of\nDirectors at any time without prior notice.\n\nAbout Butler National Corporation\n\nButler National Corporation operates in the Aerospace and Professional\nServices business segments. The Aerospace Products segment includes the\ndesign, manufacture, sale and service of structural modifications, design,\nintegration and installation of electronic equipment, systems and technologies\nthat enhance aircraft operations, and the design, manufacture and sale of\ndefense related articles. Additionally, Butler National Corporation operates\nFAA Repair Stations. Companies in Aerospace Products concentrate on products\nand services for Learjet, Challenger, Textron Beechcraft King Air, and Cessna\nturboprop aircraft. Butler National-Tempe designs and manufactures robust\nelectronic controls and cabling. The Professional Services segment includes\nthe management of a gaming, dining and entertainment facility in Dodge City,\nKansas. Boot Hill Casino and Resort features approximately 500 slot machines,\n15 table games and a DraftKings branded sportsbook.\n\nSee our website: www.butlernational.com (http://www.butlernational.com)\n\nForward-Looking Information\n\nStatements made in this press release, reports and proxy statements filed with\nthe Securities and Exchange Commission (the \"SEC\"), communications to\nstockholders, and oral statements made by representatives of the Company that\nare not historical in nature, or that state the Company's or management's\nintentions, plans, beliefs, expectations or predictions of the future, may\nconstitute \"forward-looking statements\" within the meaning of Section 21E of\nthe Securities Exchange Act of 1934, as amended (the \"Exchange Act\").\nForward-looking statements may often be identified by the use of\nforward-looking terminology, such as \"could,\" \"should,\" \"will,\" \"intend,\"\n\"continue,\" \"believe,\" \"may,\" \"expect,\" \"anticipate,\" \"goal,\" \"forecast,\"\n\"plan,\" \"guidance\" or \"estimate\" or the negative of these words, variations\nthereof or similar expressions. However, the absence of these words does not\nmean that a statement is not forward-looking. Forward-looking statements are\nnot guarantees of future performance or results. They involve risks,\nuncertainties, and assumptions. It is important to note that any such\nperformance and actual results, financial condition or business, could differ\nmaterially from those expressed in such forward-looking statements. Factors\nthat could cause or contribute to such differences, many of which are outside\nof the Company's control, include, but are not limited to: (i) customer\nconcentration risk; (ii) dependence on government spending; (iii) government\nshutdown; (iv) industry specific business cycles; (v) regulatory hurdles in\nthe launch of new products; (vi) loss of key personnel, including executive\nofficers; (vii) the geographic location of our casino; (viii) fixed-price\ncontracts; (ix) international sales; (x) changing U.S. trade policy and\nimpacts of tariffs; (xi) need to acquire hangar space for substantial growth;\n(xii) future acquisitions; (xiii) supply chain and labor issues; (xiv)\ncustomer demand; (xv) insurance costs and insufficient insurance for aircraft\nmodifications; (xvi) cyber security threats; (xvii) fraud, theft and cheating\nat our casino; (xviii) dependence on third-party platforms to offer sports\nwagering; (xix) outside factors influence the profitability of sports wagering\nand legacy gaming; (xx) change of control restrictions; (xxi) significant and\nexpensive governmental regulation across our industries; (xxii) U.S.\nGovernment action with respect to contracts; (xxiii) failure by the Company or\nits stockholders to maintain applicable gaming licenses; (xxiv) evolving\npolitical and legislative initiatives in gaming; (xxv) extensive and\nincreasing taxation of gaming revenues; (xxvi) changes in regulations of\nfinancial reporting; (xxvii) the availability of financing; (xxviii) potential\nimpairment losses; (xxix) marketability restrictions of our common stock;\n(xxx) the possibility of a reverse-stock split; (xxxi) market competition by\nlarger competitors; (xxxii) acts of terrorism and war; (xxxiii) climate\nchange, inclement weather and natural disasters; (xxxiv) rising inflation;\n(xxxv) failure of risk management; (xxxvi) effectiveness of internal controls;\nand (xxxvii) other factors discussed in Item 1A of the Company's Annual Report\non Form 10-K and other filings the Company makes with the SEC from time to\ntime.\n\nThe forward-looking statements contained herein speak only as of the date of\nthis press release. The Company undertakes no obligation to update or revise\nforward-looking statements to reflect changed assumptions, the occurrence of\nunanticipated events or changes in future operating results, financial\ncondition or business over time, except as expressly required by federal\nsecurities laws.\n\nFor investor information, contact:\nDavid Drewitz, Investor Relations\ndavid@creativeoptionscommunications.com\n(mailto:david@creativeoptionscommunications.com)\nwww.creativeoptionscommunications.com\n(http://www.creativeoptionscommunications.com)\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/butler-national-corporation-announces-10-million-increase-in-stock-repurchase-program-302901433.html\n(https://www.prnewswire.com/news-releases/butler-national-corporation-announces-10-million-increase-in-stock-repurchase-program-302901433.html)\n\nSOURCE Butler National Corporation\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS658822/Butler-National-Corporation-Logo.jpg?id=OA2992694\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-10-07T17:16:29.49554725Z","server_sent_at_ms":1791393389495},"received_at":"2026-10-07T17:16:29.547Z","source_url":"https://www.prnewswire.com/news-releases/butler-national-corporation-announces-10-million-increase-in-stock-repurchase-program-302901433.html"},"analysis":{"id":"151908","press_release_id":"163452","analysis_json":{"industry":{"label":"Aerospace & Defense","sector":"Industrials"},"redFlags":[],"eventType":"buyback","narrative":"Butler National's board authorized a $10 million increase to its stock repurchase program, bringing the total available authorization to approximately $11.9 million and extending it through April 30, 2029.\n\nSince April 30, 2026, the company has repurchased roughly 300,000 shares at an average price of $4.16.\n\nManagement framed the increase as confidence in long-term prospects, though repurchases remain discretionary and not required.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Small-cap signals confidence with a $10M buyback top-up, but authorization is discretionary."},"keyFigures":{"dealValueUsd":10000000,"customDimensions":{"program_expiry":"April 30, 2029","total_authorization":"$11.9 million","avg_repurchase_price":4.16,"shares_repurchased_since_april_2026":300000}},"quotedText":"We believe the increased authorization provides us with additional flexibility to return capital to shareholders when market conditions make repurchases attractive","namedEntities":{"people":[{"name":"Jeffrey D. Yowell","role":"Executive Chairman"},{"name":"David Drewitz","role":"Investor Relations"}],"products":["Boot Hill Casino and Resort"],"companies":[{"name":"Butler National Corporation","ticker":"BUKS"},{"name":"DraftKings","relationship":"branding partner (sportsbook)"}],"dollarAmounts":[{"amount":"$10 million","context":"increase in stock repurchase authorization"},{"amount":"$11.9 million","context":"total available repurchase authorization"},{"amount":"$4.16","context":"average price paid per share repurchased since April 30, 2026"}]},"materialImpact":{"score":2,"reasoning":"A modest $10M buyback increase (~$11.9M total authorization) for a small-cap micro-cap filer. Capital-return positive but not market-moving; repurchases remain discretionary and may never be executed."},"tickerRelevance":{"others":[],"primary":"BUKS"},"globalImportance":12,"audienceRelevance":8,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"micro-cap OTCQX","eventGravity":"routine buyback increase","householdBrandBoost":0,"retailFavoriteBoost":0}},"event_type":"buyback","event_type_secondary":null,"sentiment":"bullish","material_impact_score":2,"narrative":"Butler National's board authorized a $10 million increase to its stock repurchase program, bringing the total available authorization to approximately $11.9 million and extending it through April 30, 2029.\n\nSince April 30, 2026, the company has repurchased roughly 300,000 shares at an average price of $4.16.\n\nManagement framed the increase as confidence in long-term prospects, though repurchases remain discretionary and not required.","key_figures":{"dealValueUsd":10000000,"customDimensions":{"program_expiry":"April 30, 2029","total_authorization":"$11.9 million","avg_repurchase_price":4.16,"shares_repurchased_since_april_2026":300000}},"named_entities":{"people":[{"name":"Jeffrey D. Yowell","role":"Executive Chairman"},{"name":"David Drewitz","role":"Investor Relations"}],"products":["Boot Hill Casino and Resort"],"companies":[{"name":"Butler National Corporation","ticker":"BUKS"},{"name":"DraftKings","relationship":"branding partner (sportsbook)"}],"dollarAmounts":[{"amount":"$10 million","context":"increase in stock repurchase authorization"},{"amount":"$11.9 million","context":"total available repurchase authorization"},{"amount":"$4.16","context":"average price paid per share repurchased since April 30, 2026"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-07T17:16:34.173Z","global_importance":12,"audience_relevance":8,"importance_components":{"tickerTier":"micro-cap OTCQX","eventGravity":"routine buyback increase","householdBrandBoost":0,"retailFavoriteBoost":0}},"durationMs":4608,"modelName":"glm-5.3-flashx"}}