{"schema_version":"secwatch.filing_event.v1","accession":"0001604028-23-000017","form_type":"8-K","ticker":"WMS","cik":"0001604028","company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","filed_at":"2023-05-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.622909+00:00","generated_at":"2026-06-14T17:19:27.536141+00:00","sec_items":["5.02","9.01"],"event_type":"other","sentiment":"neutral","materiality_score":0.15,"calibrated_materiality_score":0.15,"confidence":"medium","headline":"CEO compensation plan approved for FY2024 with 80% EBITDA, 20% sales weighting","bullets":["Compensation Committee approved FY2024 Annual Cash Incentive Plan on May 17, 2023.","80% of incentive award based on Adjusted EBITDA; 20% on Total Net Sales.","Funding trigger requires minimum Adjusted EBITDA before any sales-based payout.","Payouts range from 0% to 200% of target depending on performance.","Awards paid in lump sum after March 31, 2024 fiscal year-end."],"urls":{"canonical":"https://secwatch.observer/filing/0001604028-23-000017","json":"https://secwatch.observer/filing/0001604028-23-000017.json","markdown":"https://secwatch.observer/filing/0001604028-23-000017.md","text":"https://secwatch.observer/filing/0001604028-23-000017.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1604028/000160402823000017/0001604028-23-000017-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1604028/000160402823000017/wms-20230517.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T17:19:27.536141+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"}