{"schema_version":"secwatch.filing_event.v1","accession":"0001604028-22-000020","form_type":"8-K","ticker":"WMS","cik":"0001604028","company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","filed_at":"2022-05-19T23:59:59+00:00","discovered_at":"2026-05-14T18:04:01.444780+00:00","generated_at":"2026-06-25T09:14:17.476028+00:00","sec_items":["2.02","5.02","7.01","8.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"ADS Q4 net sales up 53% to $678.2M; adjusted EBITDA up 78%; dividend raised 9%","bullets":["Q4 net sales $678.2M (+52.8% YoY); net income $47.1M (+126.8%); adjusted EBITDA $168.5M (+78.2%).","FY2022 net sales $2,769.3M (+39.7%); net income $275.0M (+21.6%); adjusted EBITDA $676.0M (+19.2%).","Quarterly cash dividend raised 9% to $0.12 per share; payable June 15, 2022 to holders of record June 1, 2022.","Board Chair C. Robert Kidder not standing for re-election; Robert M. Eversole elected as new Chair; Sustainability Committee formed."],"urls":{"canonical":"https://secwatch.observer/filing/0001604028-22-000020","json":"https://secwatch.observer/filing/0001604028-22-000020.json","markdown":"https://secwatch.observer/filing/0001604028-22-000020.md","text":"https://secwatch.observer/filing/0001604028-22-000020.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1604028/000160402822000020/0001604028-22-000020-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1604028/000160402822000020/wms-20220518.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-25T09:14:17.476028+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":"10abd0d0e1","claim":"C. Robert Kidder departed as Director at ADVANCED DRAINAGE SYSTEMS, INC..","evidence_excerpt":"On May 18, 2022, C. Robert Kidder notified the Company’s Board of Directors (the “Board”) his decision not to stand for re-election as a director at the Company’s 2022 annual meeting of stockholders.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1604028/000160402822000020/0001604028-22-000020-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"not to stand for re-election"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}