Note 8 - Related-party Transactions

12 Months Ended

Apr. 30, 2018

8.	RELATED-PARTY TRANSACTIONS:

We paid consulting fees of

$135

and

$135

to David Hayden, a director of Butler National Corporation in fiscal year ended

April 30, 2018

and

2017

respectively.

Included in accrued liabilities are

$484

and

$389

as of

April 30, 2018

and

2017

respectively for amounts owed to our CEO for accrued compensation.

Included in other assets at

April 30, 2018

and

2017

$780

owed to us by the noncontrolling company of BHCMC, LLC for costs incurred on their behalf.

In fiscal

2018,

there were

three

related-person transactions under the relevant standards: Butler National employed the brother (Wayne Stewart), son (Craig Stewart) and son-in-law (Jeff Shinkle) of Clark D. Stewart, an executive officer, as an engineer, Vice President, and an architect. Compensation for these related-persons was calculated in the same manner as the Summary Compensation table resulting in compensation of

$236,

$330

and

$195,

respectively, for fiscal

2018

and

$225,

$295,

and

$188,

respectively, for fiscal

2017.

The policies and procedures for payment of goods and services for related transactions follow our normal course of business standards and require the necessary review and approval process as outlined in our Policies and Procedures manual and as set forth by our Compensation Committee.