ADS Appoints New CFO, Scott Hall
Ticker: WMS · Form: 8-K · Filed: 2024-07-08T00:00:00.000Z
Sentiment: neutral
Topics: executive-appointment, cfo-change
TL;DR
ADS just named Scott Hall the new CFO, replacing Mark Stewart. Big changes in finance!
AI Summary
Advanced Drainage Systems, Inc. announced on July 5, 2024, the appointment of Scott Hall as Chief Financial Officer, effective immediately. Hall previously served as the company's Senior Vice President of Finance and has been with the company since 2012. This change follows the departure of former CFO, Mark Stewart.
Why It Matters
The appointment of a new CFO can signal a shift in financial strategy or leadership, impacting investor confidence and the company's financial reporting.
Risk Assessment
Risk Level: low — This filing primarily concerns a routine executive appointment and does not indicate significant financial distress or operational disruption.
Key Players & Entities
- Advanced Drainage Systems, Inc. (company) — Registrant
- Scott Hall (person) — Appointed Chief Financial Officer
- Mark Stewart (person) — Former Chief Financial Officer
- July 5, 2024 (date) — Effective date of appointment
FAQ
Who has been appointed as the new Chief Financial Officer of Advanced Drainage Systems, Inc.?
Scott Hall has been appointed as the new Chief Financial Officer of Advanced Drainage Systems, Inc.
When was Scott Hall's appointment effective?
Scott Hall's appointment was effective as of July 5, 2024.
What was Scott Hall's previous role within Advanced Drainage Systems, Inc.?
Scott Hall previously served as the Senior Vice President of Finance for Advanced Drainage Systems, Inc.
Who did Scott Hall replace as CFO?
Scott Hall replaced Mark Stewart as CFO.
What is the principal executive office address for Advanced Drainage Systems, Inc.?
The principal executive office address is 4640 Trueman Boulevard, Hilliard, Ohio 43026.
From the Filing
0001604028-24-000023.txt : 20240708 0001604028-24-000023.hdr.sgml : 20240708 20240708161839 ACCESSION NUMBER: 0001604028-24-000023 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20240705 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240708 DATE AS OF CHANGE: 20240708 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ADVANCED DRAINAGE SYSTEMS, INC. CENTRAL INDEX KEY: 0001604028 STANDARD INDUSTRIAL CLASSIFICATION: PLASTICS FOAM PRODUCTS [3086] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 510105665 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36557 FILM NUMBER: 241104947 BUSINESS ADDRESS: STREET 1: 4640 TRUEMAN BOULEVARD CITY: HILLIARD STATE: OH ZIP: 43026 BUSINESS PHONE: 614-658-0050 MAIL ADDRESS: STREET 1: 4640 TRUEMAN BOULEVARD CITY: HILLIARD STATE: OH ZIP: 43026 8-K 1 wms-20240705.htm 8-K wms-20240705 0001604028 False 0001604028 2024-07-05 2024-07-05 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549   FORM 8-K   CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 5, 2024   ADVANCED DRAINAGE SYSTEMS, INC. (Exact name of Registrant as Specified in Its Charter)   Delaware 001-36557 51-0105665 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.) 4640 Trueman Boulevard, 43026 Hilliard, Ohio (Address of Principal Executive Offices)   (Zip Code) Registrant’s Telephone Number, Including Area Code: ( 614 ) 658-0050 Not Applicable (Former Name or Former Address, if Changed Since Last Report)   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock, $0.01 par value per share   WMS   New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company  ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐ Item 5.02    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On July 5, 2024, Michael G. Huebert the Executive Vice President, Sales of Advanced Drainage Systems, Inc. (the “Company”) provided notice of his resignation from the Company, effective as of July 19, 2024, in order to pursue an executive position with another company. Mr. Huebert’s resignation is not the result of any dispute or disagreement with the Company related to the Company’s operations, policies or practices. Item