Advasa Holdings, Inc. filed a Form 8-K on November 13, 2026, disclosing the appointment of Andre Thompson as an Independent Non-Executive Director, effective November 10, 2026.

Key Highlights

  • New director appointed: Andre Thompson was appointed as an Independent Non-Executive Director of Advasa Holdings, Inc. on November 10, 2026.
  • Committee assignments: Mr. Thompson was appointed to the Audit, Compensation, and Nominating and Corporate Governance Committees of the Board.
  • Committee chair role: Mr. Thompson will act as chairperson of the Nominating and Corporate Governance Committee.
  • Compensation terms: Mr. Thompson will receive the same compensation payable to all other independent directors, plus additional compensation for his chairperson role.
  • Professional background: Mr. Thompson brings more than 20 years of experience in real estate development and construction, and has served as Lead Developer, Owner and Principal of Hubert Development, LLC since April 2003.
  • No related-party concerns: According to the filing, Mr. Thompson has no family relationships with any directors or executive officers, and no direct or indirect material interest in any transaction requiring disclosure under Item 404(a) of Regulation S-K.

Advasa Holdings Appoints Andre Thompson to Board of Directors

Advasa Holdings, Inc. (NASDAQ:ADBT) disclosed in a Current Report filed November 13, 2026 that it appointed Andre Thompson as an Independent Non-Executive Director, with an effective date of November 10, 2026. According to the filing, Mr. Thompson was simultaneously assigned to three board committees: the Audit Committee, the Compensation Committee, and the Nominating and Corporate Governance Committee. He will serve as chairperson of the Nominating and Corporate Governance Committee.

The company disclosed that in connection with the appointment, it and Mr. Thompson executed an Independent Director Agreement. Under that agreement, Mr. Thompson is entitled to the same compensation provided to all other independent directors of the company, with an additional component reflecting his chairperson responsibilities. The filing notes that the description of the agreement "does not purport to be complete" and is qualified by reference to the agreement attached as Exhibit 10.1.

According to the filing, Mr. Thompson has served as Lead Developer, Owner and Principal of Hubert Development, LLC, a North Carolina-based real estate development firm, since April 2003. He previously held mortgage consulting and management roles at Empire Equity Group, Inc. (doing business as 1st Metropolitan Mortgage) and Continental Lending. He attended Virginia Commonwealth University, where he studied business, and Farmingdale State College, where he studied architecture. The filing states there are no arrangements or understandings between Mr. Thompson and any other persons pursuant to which he was selected as a director.

What Was Disclosed

Advasa Holdings reported the November 10, 2026 appointment of Andre Thompson as an Independent Non-Executive Director, his assignment to three board committees including a chairperson role, and the execution of an Independent Director Agreement governing his compensation.