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OLATHE, Kan. - Butler National Corporation (OTCQX: BUKS), engaged in aerospace and professional services, announced today that Adam Sefchick, CPA, has been appointed as the company’s new Chief Financial Officer. Sefchick will oversee the company’s financial operations and accounting practices as the principal financial and accounting officer. The appointment comes as the company, currently trading below its InvestingPro Fair Value, maintains a strong financial health score of "GREAT" with annual revenues of $85 million.
With a background in financial management and SEC reporting, Sefchick joins Butler National after a tenure as Chief Accounting Officer at Jack Cooper, a specialty transportation and logistics company. His previous experience includes managing financial reporting, SEC filings, and the execution of complex financial transactions. Sefchick’s expertise in business information systems is anticipated to support Butler National’s strategic goals, particularly in enhancing operational efficiencies and financial structure. According to InvestingPro data, the company operates with a moderate debt level and maintains a healthy current ratio of 1.69, indicating strong liquidity management.
Chris Reedy, CEO of Butler National, expressed confidence in Sefchick’s ability to contribute to the company’s growth initiatives, citing his alignment with efforts to streamline processes and improve financial transparency.
Sefchick’s role is expected to be crucial in the development of information systems that will streamline production and reduce overhead costs. His financial expertise will also play a key role in optimizing the company’s financial framework to support strategic objectives.
Holding a Master of Science in Business and Information Systems and a Bachelor of Science in Business Administration/Accounting from the University of Kansas, Sefchick is also a Certified Public Accountant. He has been an active member of the Missouri Society of CPAs’ Audit and Assurance Committee.
The appointment is contingent upon a successful background check by the Kansas Racing and Gaming Commission.
Butler National Corporation, which has been operating for over 50 years, has business interests in aerospace products and professional services, including manufacturing and servicing electronic equipment for aircraft and managing a gaming and entertainment facility in Kansas. The company has demonstrated strong performance with a 74.7% return over the past year and trades at an attractive P/E ratio of 8.29. InvestingPro subscribers have access to 8 additional key insights about Butler National’s financial health and growth prospects.
This announcement is based on a press release statement from Butler National Corporation.
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