{"schema_version":"secwatch.filing_event.v1","accession":"0001604028-22-000028","form_type":"8-K","ticker":"WMS","cik":"0001604028","company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","filed_at":"2022-05-24T23:59:59+00:00","discovered_at":"2026-05-14T18:04:01.445384+00:00","generated_at":"2026-06-25T07:39:54.041617+00:00","sec_items":["5.02","9.01"],"event_type":"other","sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"confidence":"high","headline":"ADS sets FY2023 annual cash incentive plan with Adjusted EBITDA, net sales, and individual goals","bullets":["FY2023 Annual Cash Incentive Plan approved May 18, 2022; measures: Total Net Sales, Adjusted EBITDA, Individual Goal Achievement.","For most NEOs, 60% of award on Adjusted EBITDA, 20% on net sales, 20% on individual goals; for Mr. Moore, 70% on Infiltrator Water Technologies EBITDA.","Payouts range 0%-200% of target via linear interpolation; funding trigger requires minimum Adjusted EBITDA for any payout.","Awards paid in lump sum within 2.5 months after fiscal year end March 31, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001604028-22-000028","json":"https://secwatch.observer/filing/0001604028-22-000028.json","markdown":"https://secwatch.observer/filing/0001604028-22-000028.md","text":"https://secwatch.observer/filing/0001604028-22-000028.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1604028/000160402822000028/0001604028-22-000028-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1604028/000160402822000028/wms-20220518.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-25T07:39:54.041617+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}