Management ChangeJun 15, 2026, 09:32 AM
Butler National CEO Reedy Retires; Sefchick Appointed Interim CEO
AI Summary
Butler National Corporation announced that Christopher J. Reedy has retired as Chief Executive Officer, effective June 15, 2026, due to health considerations. He will continue to serve as a special advisor to the Board until July 1, 2027, and remain on the Board of Directors. Adam B. Sefchick, the Company's Chief Financial Officer, has been appointed Interim Chief Executive Officer and President, effective immediately, while retaining his CFO responsibilities. The Board will initiate a search for a permanent CEO.
Key Highlights
- Christopher J. Reedy retired as CEO of Butler National Corporation, effective June 15, 2026, due to health considerations.
- Mr. Reedy will continue as a special advisor to the Board until July 1, 2027, and remain on the Board of Directors.
- Adam B. Sefchick was appointed Interim Chief Executive Officer and President, effective June 15, 2026.
- Mr. Sefchick will continue to serve as Chief Financial Officer, acting as both principal executive and financial officer.
- Mr. Sefchick has served as CFO since May 2025 and has over 20 years of accounting and financial analysis experience.
- The change to Mr. Sefchick's compensation in connection with the executive transition has not yet been finalized.
- The Board will initiate a search process to identify Butler National's next Chief Executive Officer.
Price Impact
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