Butler National Board Adopts Majority Voting Standard for Directors

An announcement from Butler National (BUKS) is now available.

The Board has recently revised the Company’s Bylaws to introduce a majority voting standard for electing directors in uncontested elections, replacing the former plurality system. Directors now face the possibility of resignation if they receive more votes against than for them. Additionally, the updated Bylaws now mandate that director nominees must submit a conditional resignation to align with the new voting rule, and adjustments were made to meet director background check requirements as stipulated by the Kansas Expanded Lottery Act.

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