{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-046138","form_type":"8-K","ticker":"ADBT","cik":"0002084227","company_name":"Advasa Holdings, Inc.","filed_at":"2026-10-07T20:05:31+00:00","discovered_at":"2026-10-07T20:07:10.216773+00:00","generated_at":"2026-10-12T15:53:39.479878+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"confidence":"high","headline":"Advasa names director William Witherspoon CFO at $200K salary; CEO Ryther exits interim CFO role","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-046138","json":"https://secwatch.observer/filing/0001493152-26-046138.json","markdown":"https://secwatch.observer/filing/0001493152-26-046138.md","text":"https://secwatch.observer/filing/0001493152-26-046138.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2084227/000149315226046138/0001493152-26-046138-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2084227/000149315226046138/form8-k.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-12T15:53:39.479878+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0f52b98180","claim":"William Witherspoon was appointed as Chief Financial Officer at Advasa Holdings, Inc..","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/2084227/000149315226046138/0001493152-26-046138-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Financial Officer"}],"fact_type":"executive_change"},{"claim_id":"725d1e5eba","claim":"Grady Ryther changed role as interim Chief Financial Officer at Advasa Holdings, Inc..","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/2084227/000149315226046138/0001493152-26-046138-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"stepped down"},{"label":"Role","value":"interim Chief Financial Officer"}],"fact_type":"executive_change"},{"claim_id":"eb6679309e","claim":"Katharyn Field departed as Chief Financial Officer at Advasa Holdings, Inc..","evidence_excerpt":"since the departure of the Company’s prior Chief Financial Officer, Katharyn Field, on August 27, 2026","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/2084227/000149315226046138/0001493152-26-046138-index.htm","confidence":0.9,"family_label":"Executive change","details":[{"label":"Action","value":"departed"},{"label":"Role","value":"Chief Financial Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}