UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Securities registered pursuant to Section 12(b) of the Act:
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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. ☐
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Item 5.02 |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
At the 2021 Annual Meeting of Stockholders (the “Annual Meeting”) of Advanced Drainage Systems, Inc. (the “Company”) held on July 22, 2021, the Company’s stockholders voted to approve an amendment (the “Amendment”) to the Company’s 2017 Omnibus Incentive Plan (the “2017 Incentive Plan”) to increase the number of shares available for issuance under the 2017 Incentive Plan by 1,500,000 shares and extend the 2017 Incentive Plan’s duration until the tenth anniversary of the date the Amendment was approved by the stockholders at the Annual Meeting.
A summary of the material terms of the Amendment is included under “Proposal Four: Approval of Amendment to the 2017 Omnibus Incentive Plan” in the Company’s 2021 Proxy Statement filed on June 9, 2021 (the “2021 Proxy Statement”), and is incorporated herein by reference. The summary of the Amendment is qualified in its entirety by reference to the full text of the Amendment, a copy of which was filed as Annex A to the 2021 Proxy Statement.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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ADVANCED DRAINAGE SYSTEMS, INC. |
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Date: July 28, 2021 |
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/s/ Scott A. Cottrill |
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Name: |
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Scott A. Cottrill |
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Title: |
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EVP, CFO & Secretary |
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