---
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"
generated_at: "2026-06-01T10:56:07.812636+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Advanced Drainage Systems approves FY2025 cash incentive plan with 80% EBITDA weighting

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001604028-24-000013
- JSON: https://secwatch.observer/filing/0001604028-24-000013.json
- Plain text: https://secwatch.observer/filing/0001604028-24-000013.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.