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) May 5, 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: Butler National Corporation
1546 East Spruce Road
Olathe, Kansas 66061
Fiscal Year 1997
<PAGE>
Item 9. Sales of Equity Securities Pursuant to Regulation S.
On April 30, 1998, the Company issued 214,634 shares of common stock,
$.01 par value, for the redemption and interest on the convertible debenture
in the amount of $100,000. The shares were issued to an accredited investor.
The transaction was executed in reliance upon the exemption from registration
afforded by Regulation S as promulgated by the Securities and Exchange
Commission, under the Securities Act of 1933, as amended.
On May 5, 1998, the Company reported the status of the $1,000 Series
B 6% Cumulative Convertible Preferred Stock since March 17, 1998. The Company
issued 99,261 shares of commons stock, $.01 par value, for $50,000 face value
of the $1,000 Series B 6% Preferred Stock. The shares were issued to
accredited investors. The transactions were executed in reliance upon the
exemption from registration afforded by Regulation S as promulgated by the
Securities and Exchange Commission, under the Securities Act of 1933, as
amended.
<PAGE>
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)
May 5, 1998 /S/Clark D. Stewart
(Date) Clark D. Stewart, President
and Chief Executive Officer
May 5, 1998 /S/Edward J. Matukewicz
(Date) Edward J. Matukewicz, Treasurer
and Chief Financial Officer
