{"schema_version":"secwatch.filing_event.v1","accession":"0001604028-24-000013","form_type":"8-K","ticker":"WMS","cik":"0001604028","company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","filed_at":"2024-05-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.180767+00:00","generated_at":"2026-06-01T10:56:07.812636+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":"Advanced Drainage Systems approves FY2025 cash incentive plan with 80% EBITDA weighting","bullets":["FY2025 incentive plan uses Adjusted EBITDA (80% weight) and Total Net Sales (20% weight) for NEOs.","Payouts range from 0% (threshold) to 200% (maximum) of target, using linear interpolation.","Adjusted EBITDA minimum must be achieved to trigger any payout from the Net Sales measure.","Awards will be paid in a lump sum after fiscal year end March 31, 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001604028-24-000013","json":"https://secwatch.observer/filing/0001604028-24-000013.json","markdown":"https://secwatch.observer/filing/0001604028-24-000013.md","text":"https://secwatch.observer/filing/0001604028-24-000013.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1604028/000160402824000013/0001604028-24-000013-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1604028/000160402824000013/wms-20240515.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T10:56:07.812636+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"}