Filing Details
- Accession Number:
- 0001332596-25-000005
- Form Type:
- 13D Filing
- Publication Date:
- 2025-01-12 19:00:00
- Filed By:
- Daly Joseph Patrick
- Company:
- Butler National Corp (OTCMKTS:BUKS)
- Filing Date:
- 2025-01-13
- SEC Url:
- 13D Filing
Ownership Summary
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| Daly Joseph Patrick | 4,116,500 | 0 | 4,116,500 | 0 | 4,116,500 | 6.1% |
| EssigPR Inc. | 4,250,000 | 0 | 4,250,000 | 0 | 4,250,000 | 6.3% |
Filing
|
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 11)
|
BUTLER NATIONAL CORP (Name of Issuer) |
Common shares (Title of Class of Securities) |
123720104 (CUSIP Number) |
Butler National One Aero Plaza, New Century, KS, 66031 5139101967 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
01/08/2025 (Date of Event Which Requires Filing of This Statement) |
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the
Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes).
SCHEDULE 13D
|
| CUSIP No. | 123720104 |
| 1 |
Name of reporting person
Daly Joseph Patrick | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
 (b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
PF | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
UNITED STATES
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
4,116,500.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
6.1 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
IN |
SCHEDULE 13D
|
| CUSIP No. | 123720104 |
| 1 |
Name of reporting person
EssigPR Inc. | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
WC | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
PUERTO RICO
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
4,250,000.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
6.3 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
SCHEDULE 13D
|
| Item 1. | Security and Issuer |
| (a) | Title of Class of Securities:
Common shares |
| (b) | Name of Issuer:
BUTLER NATIONAL CORP |
| (c) | Address of Issuer's Principal Executive Offices:
ONE AERO PLAZA, NEW CENTURY,
KANSAS
, 66031. |
| Item 2. | Identity and Background |
| (a) | Joseph P. Daly |
| (b) | 497 Circle Freeway, Cincinnati, OH 45246 |
| (c) | Owner, Essig Research Inc. |
| (d) | No |
| (e) | No |
| (f) | USA |
| Item 3. | Source and Amount of Funds or Other Consideration |
Joseph P Daly $1,631,029
EssigPR, Inc. 1,962,473 | |
| Item 4. | Purpose of Transaction |
The Reporting Persons purchased the Shares for investment purposes.
The Reporting Persons are continuing to review the performance of
their investment and their investment alternatives. As part of their
ongoing review of their investment in the Shares, the Reporting Persons
may explore from time to time a variety of alternatives, including the
acquisition of additional securities of the Issuer or the disposition
of securities of the Issuer in the open market or in privately negotiated
transactions. The Reporting Persons may explore other alternatives with
respect to their investment in the Shares, including but not limited to
an extraordinary corporate transaction involving the Issuer, changes in
the present board of directors or management of the Issuer, or changes in
the Issuer's business or corporate structure. Although the foregoing
reflects activities presently contemplated by the Reporting Person with
respect to the Issuer, the foregoing is subject to change at any time,
and there can be no assurance that the Reporting Persons will take any
of the actions referred to above.
Except as set forth in the preceding paragraphs, as of the date hereof,
the Reporting Persons do not have any plan or proposal that relates to
or would result in:
(a) The acquisition by any person of additional securities of the
Issuer, or the disposition of securities of the Issuer;
(b) An extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Issuer or any of its
subsidiaries;
(c) A sale or transfer of a material amount of assets of the Issuer or
any of its subsidiaries;
(d) Any change in the present board of directors or management of the
Issuer, including any plans or proposals to change the number or term
of directors or to fill any existing vacancies on the board;
(e) Any material change in the present capitalization or dividend
policy of the Issuer;
(f) Any other material change in the Issuer's business or corporate
structure;
(g) Changes in the Issuer's charter, bylaws or instruments
corresponding thereto or other actions which may impede the acquisition
of control of the Issuer by any person;
(h) Causing a class of securities of the Issuer to be delisted from a
national securities exchange or to cease to be authorized to be quoted
in an inter-dealer quotation system of a registered national securities
association;
(i) A class of equity securities of the Issuer becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the Act; or
(j) Any action similar to any of those enumerated above.
Notwithstanding the foregoing, the Reporting Persons reserve the right
to effect any such actions as they may deem necessary or appropriate in
the future.
The information set forth in Item 3 of this Schedule 13D is hereby
incorporated herein by reference.
| |
| Item 5. | Interest in Securities of the Issuer |
| (a) | Percentage of
Number Of Outstanding
Shares Held in the Name of Shares Security (1)
Joseph P Daly 4,116,500 6.09%
EssigPR Inc. 4,250,000(2) 6.29%
-------------------- ---------------
TOTAL 8,366,500 12.38%
(1) The foregoing percentages assume that the number of Shares of the Issuer
outstanding is 67,587,096 as of December 6, 2024, based on shares reported in
the Issuer's 10-Q for the quarter ended October 31, 2024.
(2) Shares are held by EssigPR,Inc., a C corporation controlled by
Joseph P. Daly |
| (b) | Joseph P. Daly has sole voting and dispositive power over his shares
enumerated in paragraph (a). EssigPR, Inc. has shared voting and dispositive
power over its shares, as enumerated in paragraph (a).
|
| (c) | No transactions not reported on Form 4 prior to the date of this Schedule
13D/A |
| (d) | Not applicable. |
| (e) | Not applicable. |
| Item 6. | Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer |
None. | |
| Item 7. | Material to be Filed as Exhibits. |
None. |
| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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