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November 29, 2015 3:11 AM ET

Building Products

Company Overview of Advanced Drainage Systems, Inc.

Company Overview

Advanced Drainage Systems, Inc. designs, manufactures, and markets thermoplastic corrugated pipes and related water management products for non-residential, residential, agriculture, and infrastructure applications in the United States and internationally. The company provides single, double, and triple wall corrugated polypropylene and polyethylene pipes; and allied products comprising PVC drainage structures, fittings and filters, and water quality filters and separators. It also purchases and distributes construction fabrics, and other geosynthetic products for soil stabilization, reinforcement, filtration, separation, erosion control, and sub-surface drainage. The company was founded in ...

4640 Trueman Boulevard

Hilliard, OH 43026

United States

Founded in 1966



Key Executives for Advanced Drainage Systems, Inc.

Chairman, Chief Executive Officer, President and Chairman of Executive Committee
Age: 69
Total Annual Compensation: $454.2K
Co-Chief Operating Officer and Executive Vice President
Age: 57
Total Annual Compensation: $308.8K
Executive Vice President
Age: 60
Total Annual Compensation: $270.4K
Co-Chief Operating Officer and Executive Vice President
Age: 48
Total Annual Compensation: $264.6K
Executive Vice President of Sales
Age: 52
Total Annual Compensation: $261.7K
Compensation as of Fiscal Year 2014.

Advanced Drainage Systems, Inc. Key Developments

Advanced Drainage Systems, Inc. announced delayed 10-Q filing

On 11/17/2015, Advanced Drainage Systems, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

Advanced Drainage Systems Announces Quarterly Cash Dividend Payable on December 15, 2015

Advanced Drainage Systems, Inc. announced on November 13, 2015 that its Board of Directors has approved a quarterly cash dividend to its shareholders in the amount of $0.05 per share. The quarterly cash dividend of $0.05 per share will be paid on December 15, 2015 to shareholders of record at the close of business on December 1, 2015.

Advanced Drainage Systems, Inc. Announces Executive Changes

Advanced Drainage Systems, Inc. announced that Mark Sturgeon, the Company’s Chief Financial Officer, has notified the Company of his intent to retire on March 31, 2016 after a highly successful 33-year career with the Company. Mr. Sturgeon will remain with the Company as an Executive Vice President to ensure a seamless transition from now until March 31, 2016. As part of the transition process, the Board has appointed Scott A. Cottrill as the Company’s Chief Financial Officer, effective immediately. Mr. Cottrill most recently held the position of Executive Vice President and Chief Financial Officer at Jeld-Wen.

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