SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) September 14, 1998
BUTLER NATIONAL CORPORATION
(Exact name of Registrant as specified in its charter)
Delaware 0-1678 41-0834293
(State of incorporation) (Commission File Number) (I.R.S. Employer
Identification No.)
11920 West 161st Street, Olathe, Kansas 66062
(Address of Principal Executive Office)(Zip Code)
Registrant's telephone number, including area code: (913) 780-9595
Former Name, former address and former fiscal year if changed since last
report:
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Item 4. Change in Registrant's Certifying Accountant
(a)(i)On September 14, 1998, Arthur Andersen LLP informed the Company
that it has declined to stand for reelection. A new independent auditor has
not been engaged by the Company.
(ii)The reports of Arthur Andersen LLP on the Company's consolidated
financial statements for each of the two fiscal years ended April 30, 1997 and
April 30, 1998, contained no adverse opinion or disclaimer or opinion, and
were not qualified or modified as to uncertainty, audit scope or accounting
principles.
(iii)N/A
(iv)During the two most recent fiscal years and through the date of this
report, the Company has had no disagreements with Arthur Andersen LLP on any
matter of accounting principles or practices, financial statement disclosure
or auditing scope or procedure, which disagreement, if not resolved would have
caused them to make reference thereto in their report on the consolidated
financial statements or the Company for such years.
(v)During the Company's two most recent fiscal years and through the date
of this report, the Company has had no reportable events as defined in Item
304 (a) (1) (v) of Regulation S-K.
(vi)The Company has requested that Arthur Andersen LLP furnish it with a
letter addressed to the Securities and Exchange Commission stating whether it
agrees with the above statements. A copy of that letter dated September 16,
1998 is filed as exhibit 16 to this Form 8-K.
(b)During the Company's two fiscal years ended April 30, 1997 and April
30, 1998, and through date of this filing, the Company has not consulted with
a new independent accountant regarding any of the matters specified in Item
304 (a) (2) of Regulation S-K.
Item 7. Financial Statements and Exhibits
(c) Exhibits
16Letter from Arthur Andersen LLP to the Securities and
Exchange Commission dated September 16, 1998.
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Signatures
Pursuant to the requirements of the Securities & Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto authorized.
Butler National Corporation
(Registrant)
September 16, 1998 /S/ Clark D. Stewart
(Date) Clark D. Stewart, President
and Chief Executive Officer
September 16, 1998 /S/Edward J. Matukewicz
(Date) Edward J. Matukewicz, Treasurer
and Chief Financial Officer
Exhibit 16
Arthur Andersen LLP
911 Main Street
Suite 1500
Kansas City, MO 64105-2009
September 16, 1998
Office of the Chief Accountant
Securities and Exchange Commission
450 Fifth Street, NW
Washington, DC 20519
Dear Sir/Madam:
We have read Item 4 included in the Form 8-K of Butler National
Corporation to be filed with the Securities and Exchange Commission on
September 16, 1998 and are in agreement with the statements contained therein.
Very truly yours,
/s/ Arthur Andersen LLP
Arthur Andersen LLP
cc: Mr. Clark D. Stewart, President
Butler National Corporation
