ADS Appoints New Directors, Reports Officer Compensation

Ticker: WMS · Form: 8-K · Filed: 2025-07-17T00:00:00.000Z

Sentiment: neutral

Topics: board-changes, governance, officer-compensation

TL;DR

ADS board shakeup: Muratore out, Buck & Osadchuk in. Officer comp details also filed.

AI Summary

On July 15, 2025, Advanced Drainage Systems, Inc. (ADS) filed an 8-K report detailing several key events. The company announced the departure of director John R. Muratore and the election of two new directors, Robert R. Buck and Mark J. Osadchuk, effective July 15, 2025. Additionally, the filing includes information on compensatory arrangements for certain officers and the submission of matters to a vote of security holders.

Why It Matters

Changes in board composition can signal shifts in company strategy or governance, while details on officer compensation provide insight into executive incentives.

Risk Assessment

Risk Level: low — This filing primarily concerns board changes and routine disclosures, with no immediate financial distress or significant operational shifts indicated.

Key Players & Entities

FAQ

Who has departed from the board of directors at Advanced Drainage Systems, Inc.?

John R. Muratore has departed from the board of directors.

Who were the new directors elected to the board?

Robert R. Buck and Mark J. Osadchuk were elected as new directors.

What is the effective date for the changes in the board of directors?

The changes in the board of directors are effective as of July 15, 2025.

What other items are covered in this 8-K filing besides director changes?

The filing also covers compensatory arrangements of certain officers and the submission of matters to a vote of security holders.

What is the principal executive office address for Advanced Drainage Systems, Inc.?

The principal executive offices are located at 4640 Trueman Boulevard, Hilliard, Ohio.

From the Filing

0001604028-25-000024.txt : 20250717 0001604028-25-000024.hdr.sgml : 20250717 20250717160517 ACCESSION NUMBER: 0001604028-25-000024 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 12 CONFORMED PERIOD OF REPORT: 20250715 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Submission of Matters to a Vote of Security Holders ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250717 DATE AS OF CHANGE: 20250717 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 EIN: 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: 251130705 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-20250715.htm 8-K wms-20250715 0001604028 False 0001604028 2025-07-15 2025-07-15 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 15, 2025   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 15, 2025 Darin Harvey, the Executive Vice President, Supply Chain of Advanced Drainage Systems, Inc. (the “Company”) provided notice of his resignation from the Company, effective as of August 22, 2025. Mr. Harvey’s resignation is not the result of any dispute or disagreement with the Company related to the Company’s operations, policies or practices . Ite

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