secwatch.observer — SEC 8-K summary
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Issuer:     Advasa Holdings, Inc. (ADBT)
CIK:        0002084227
Form:       8-K
Filed at:   2026-10-07T20:05:31+00:00
Accession:  0001493152-26-046138
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Advasa names director William Witherspoon CFO at $200K salary; CEO Ryther exits interim CFO role
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2084227/000149315226046138/0001493152-26-046138-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2084227/000149315226046138/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-046138

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