Advasa Holdings, Inc. announced the appointment of Andre Thompson as an Independent Non-Executive Director of the Board of Directors on November 10, 2026. The appointment was disclosed in a Current Report on Form 8-K filed with the Securities and Exchange Commission on November 13, 2026.
In connection with his appointment, Mr. Thompson has been designated to serve on the Board's Audit, Compensation, and Nominating and Corporate Governance Committees. He will also serve as the chairperson of the Nominating and Corporate Governance Committee.
The Company executed an Independent Director Agreement with Mr. Thompson on November 10, 2026. Under the terms of this agreement, Mr. Thompson will receive compensation equal to that paid to other independent directors, with additional compensation for his role as chairperson of the Nominating and Corporate Governance Committee.
Mr. Thompson brings over 20 years of experience in real estate development and construction. He currently serves as the Lead Developer, Owner, and Principal of Hubert Development, LLC, a North Carolina-based real estate development firm, a position he has held since April 2003. Previously, he worked in mortgage consulting and management roles at Empire Equity Group, Inc. (dba 1st Metropolitan Mortgage) and Continental Lending.
Mr. Thompson holds a business degree from Virginia Commonwealth University and an architecture degree from Farmingdale State College. The filing states that Mr. Thompson has no family relationships with any of the Company’s directors or executive officers and is not a party to any transaction requiring disclosure under Item 404(a) of Regulation S-K.
