secwatch.observer — SEC 8-K summary
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Issuer:     ADVANCED DRAINAGE SYSTEMS, INC. (WMS)
CIK:        0001604028
Form:       8-K
Filed at:   2023-05-23T23:59:59+00:00
Accession:  0001604028-23-000017
Event type: other
Sentiment:  neutral
Materiality: 0.15
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CEO compensation plan approved for FY2024 with 80% EBITDA, 20% sales weighting
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1604028/000160402823000017/0001604028-23-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1604028/000160402823000017/wms-20230517.htm
  HTML page:      https://secwatch.observer/filing/0001604028-23-000017

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer