Advasa names director William Witherspoon CFO at $200K salary; CEO Ryther exits interim CFO role
Advasa Holdings, Inc.
William Witherspoon, a director since June 24, 2026, became CFO on October 6, 2026 under an at-will employment agreement with a $200,000 annual base salary.
Witherspoon steps down from the Audit, Compensation and Nominating/Corporate Governance committees but remains on the Board as a non-independent director.
CEO Grady Ryther, interim CFO since prior CFO Katharyn Field's departure on August 27, 2026, steps down from the interim CFO role.
Witherspoon is eligible only for discretionary bonuses and equity grants; no amount, vesting or grant date is promised, and pay is subject to the company's clawback policy.
Witherspoon is a U.S. citizen based in Atlanta and works as Asset Acquisition Manager for UMcapital; the agreement is governed by Georgia law with arbitration in Atlanta.
On October 6, 2026, William Witherspoon, independent director of the board of directors (the “Board”) of Advasa Holdings, Inc. (the “Company”) and the Company entered into an employment agreement (the “Employment Agreement”), effective as of October 6, 2026 (the “Employment Agreement Effective Date”), pursuant to which Mr. Witherspoon will serve as Chief Financial Officer of the Company.
Grady Ryther, the Company’s Chief Executive Officer, who has been serving as interim Chief Financial Officer since the departure of the Company’s prior Chief Financial Officer, Katharyn Field, on August 27, 2026, shall step down from his role as interim Chief Financial Officer in connection with Mr. Witherspoon’s appointment.
since the departure of the Company’s prior Chief Financial Officer, Katharyn Field, on August 27, 2026
Key facts
Extracted from this filing and checked against the source text.
Executive changeSEC 8-K Item 5.02confidence 0.95
William Witherspoon was appointed as Chief Financial Officer at Advasa Holdings, Inc..
Action
appointed
Role
Chief Financial Officer
Exact text from the filing
On October 6, 2026, William Witherspoon, independent director of the board of directors (the “Board”) of Advasa Holdings, Inc. (the “Company”) and the Company entered into an employment agreement (the “Employment Agreement”), effective as of October 6, 2026 (the “Employment Agreement Effective Date”), pursuant to which Mr. Witherspoon will serve as Chief Financial Officer of the Company.
Grady Ryther changed role as interim Chief Financial Officer at Advasa Holdings, Inc..
Action
stepped down
Role
interim Chief Financial Officer
Exact text from the filing
Grady Ryther, the Company’s Chief Executive Officer, who has been serving as interim Chief Financial Officer since the departure of the Company’s prior Chief Financial Officer, Katharyn Field, on August 27, 2026, shall step down from his role as interim Chief Financial Officer in connection with Mr. Witherspoon’s appointment.
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