Not independent
Tenure on this board
8.9 yrs
Also a director at
Allison Transmission Holdings Inc (ALSN)
Meeting calendar
WMS · Annual meeting · Thursday, July 16, 2026
Advanced Drainage Systems Inc
9 nominees · 3 ballot items.
Election of nine directors; Ratification of Deloitte & Touche LLP as independent auditors for fiscal 2027; Advisory (non-binding) vote to approve named executive officer compensation.
Market cap
$11.3B
1Y TSR
+28.3%
Board grade
B
Record date
May 22, 2026
Filing
DEF 14A
Meeting concluded · Jul 16, 2026
Follow how the vote landed and what changed on Advanced Drainage Systems Inc’s board — director track records, governance grades, and ongoing monitoring — on the Boardroom Alpha platform.
Proposals
On the ballot3
- 1
Election of Directors
ManagementBoard: FORElect nine director nominees to serve until the 2027 Annual Meeting.
- 2
Ratification of Appointment of Deloitte & Touche LLP as Independent Registered Public Accounting Firm for Fiscal Year 2027
ManagementBoard: FORRatify selection of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for fiscal year ending March 31, 2027.
- 3
Advisory Vote on Executive Compensation (Say-on-Pay
ManagementBoard: FORNon-binding advisory vote to approve the compensation of the Company’s named executive officers as disclosed in the proxy statement.
More detail
This management proposal asks stockholders to cast a non-binding advisory vote approving the Company’s named executive officer compensation as disclosed in the proxy statement. Management seeks shareholder approval to validate its pay-for-performance philosophy and to obtain feedback on the executive compensation program, which relies heavily on performance-based incentives (annual cash incentives tied primarily to Adjusted EBITDA and net sales and long-term equity awards tied to multi-year cash flow and ROIC targets). The Compensation & Management Development Committee administers and reviews compensation design with input from an independent consultant; the company emphasizes stockholder alignment through ownership guidelines and pay mix. Although advisory and non-binding, the Board intends to consider the outcome when making future compensation decisions; the company previously received 88% support in the say-on-pay vote, which management views as affirmation. Key context includes strong FY26 financial outcomes (above-target payouts, robust Adjusted EBITDA and performance-based equity payouts), the presence of recoupment policies, and no problematic governance practices like hedging or pledging. Risks for investors include potential dilution from equity awards and the fact that the vote is non-binding, limiting immediate governance consequences.
Director elections
Nominees on the ballot9
Independent
Tenure on this board
6.0 yrs
Also a director at
Global Industrial Co (GIC)
Independent
Tenure on this board
8.2 yrs
Independent
Tenure on this board
18.6 yrs
Independent
Tenure on this board
12.5 yrs
Also a director at
Corecivic Inc (CXW)
Independent
Tenure on this board
13.5 yrs
Independent
Tenure on this board
4.0 yrs
Independent
Tenure on this board
7.0 yrs
Also a director at
Pool Corp (POOL)
Independent
Tenure on this board
5.0 yrs
Ownership
Latest 13F quarterTop institutional holders10
| # | Owner | % of shares | Shares | Value |
|---|---|---|---|---|
| 1 | BlackRock, Inc. | 5.1% | 3,891,095 | $534M |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 4.7% | 3,615,687 | $496M |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 4.5% | 3,423,703 | $469M |
| 4 | STATE STREET CORP | 3.3% | 2,489,531 | $341M |
| 5 | Pictet Asset Management Holding SA | 2.9% | 2,204,801 | $302M |
| 6 | BlackRock, Inc. | 2.8% | 2,139,351 | $293M |
| 7 | FIRST TRUST ADVISORS LP | 2.7% | 2,044,057 | $280M |
| 8 | Impax Asset Management Group plc | 2.5% | 1,927,510 | $264M |
| 9 | AMERICAN CENTURY COMPANIES INC | 2.2% | 1,657,753 | $227M |
| 10 | DIMENSIONAL FUND ADVISORS LP | 1.4% | 1,094,311 | $150M |
Peers
Nearest market capOther Basic Materials sector meetings6
Upcoming shareholder meetings at Advanced Drainage Systems Inc’s closest sector peers — compare boards, ballots, and ownership across the cohort.
James Hardie Industries PLCJHX
Annual meeting·Aug 20, 2026·$15.0B
Axalta Coating Systems LtdAXTA
Special meeting·Aug 5, 2026·$6.9B
Eagle Materials IncEXP
Annual meeting·Jul 30, 2026·$6.4B
Uranium Energy CorpUEC
Annual meeting·Jul 23, 2026·$4.6B
Hawkins IncHWKN
Annual meeting·Jul 29, 2026·$3.0B
Huntsman CorpHUN
Special meeting·Aug 25, 2026·$2.1B
Reference
Frequently asked questions
- When is the Advanced Drainage Systems Inc 2026 annual meeting?
- Advanced Drainage Systems Inc (WMS) holds its 2026 annual shareholder meeting on Thursday, July 16, 2026.
- What is the record date for the Advanced Drainage Systems Inc 2026 meeting?
- The record date for the Advanced Drainage Systems Inc 2026 meeting is Friday, May 22, 2026. Shareholders of record on or before that date are eligible to vote.
- Who are the director nominees for Advanced Drainage Systems Inc's 2026 meeting?
- The board is presenting 9 director nominees at the Advanced Drainage Systems Inc 2026 meeting, listed with their independence status and background.
- What proposals will shareholders vote on at the Advanced Drainage Systems Inc 2026 meeting?
- Shareholders will vote on 3 proposals at the Advanced Drainage Systems Inc 2026 meeting, each tagged with who proposed it and the board's recommendation.
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