Butler National Corporation announced that On July 20, 2023, Mr. Clark D. Stewart and Mr. Craig D. Stewart tendered resignations as members of the board of the directors of the company. The resignations are not due to any disagreement with the Company related to the Company?s operations, policies or practices. Each resignation is contingent upon the payment of the Separation Benefit and is anticipated to be effective on July 28, 2023.

Following the resignation of Clark Stewart and Craig Stewart, the size of the Board will be reduced from seven directors to five directors.