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ADVANCED DRAINAGE SYSTEMS INC. 2023-2024 Proxy Voting Records

Compiled from SEC Form N-PX filings and ADVANCED DRAINAGE SYSTEMS INC.’s Form 8-K, filed July 21, 2023 (Item 5.07 on EDGAR). Page generated October 14, 2026.

  • 14Ballot items
  • 398Asset managers
  • 5,610Fund votes
  • July 20, 2023Meeting date

Results at a glance

Meeting of July 20, 2023: 14 items on ADVANCED DRAINAGE SYSTEMS INC.’s Form 8-K, filed July 21, 2023: 12 elected · 1 approved · 1 without a stated outcome.

Material dissent

Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided

Proxy season: 2023-2024 2024-2025 2025-2026

Explore ADVANCED DRAINAGE SYSTEMS INC. in the interactive database Compare manager voting policies

Official 2023-2024 meeting results reported by ADVANCED DRAINAGE SYSTEMS INC.

These tallies are ADVANCED DRAINAGE SYSTEMS INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed July 21, 2023 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.

ADVANCED DRAINAGE SYSTEMS INC. — official shareholder meeting results, meeting held July 20, 2023
Ballot itemForAgainst AbstainWithheldBroker non-votesSupport (of votes cast)Reported outcomeVoting standard
Elect Director: D. Scott Barbour 67,660,727401,346173,520 --2,395,649 99.4%Elected—
Elect Director: Anesa T. Chaibi 67,021,247952,824261,522 --2,395,649 99%Elected—
Elect Director: Michael B. Coleman 66,569,1901,481,282185,121 --2,395,649 98%Elected—
Elect Director: Robert M. Eversole 64,479,5303,534,927221,136 --2,395,649 95%Elected—
Elect Director: Alexander R. Fischer 53,352,89914,668,026214,668 --2,395,649 78%Elected—
Elect Director: Tanya D. Fratto 66,187,8841,785,992261,717 --2,395,649 97%Elected—
Elect Director: Kelly S. Gast 67,499,938474,156261,499 --2,395,649 99.3%Elected—
Elect Director: M.A. (Mark) Haney 67,099,255921,641214,697 --2,395,649 99%Elected—
Elect Director: Ross M. Jones 67,006,6311,014,223214,739 --2,395,649 99%Elected—
Elect Director: Manuel Perez de la Mesa 67,036,2751,014,447184,871 --2,395,649 99%Elected—
Elect Director: Carl A. Nelson, Jr. 66,471,9111,549,560214,122 --2,395,649 98%Elected—
Elect Director: Anil Seetharam 65,634,7032,423,435177,455 --2,395,649 96%Elected—
2. Ratification of the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for fiscal year 2024 63,828,9696,526,464275,809 ---- 91%Approved—
3. Advisory vote to approve the compensation of the Company's executive officers as disclosed in the Company's Proxy Statement 60,739,9026,572,275923,416 --2,395,649 90%Not verified—

Source: ADVANCED DRAINAGE SYSTEMS INC., Form 8-K, filed with the SEC on July 21, 2023 — read the filing on EDGAR.

How asset managers voted at the ADVANCED DRAINAGE SYSTEMS INC. 2023-2024 meeting

Each item below shows how the 398 asset managers that disclosed a ADVANCED DRAINAGE SYSTEMS INC. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report.

1. Elect Director: Alexander R. Fischer

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 4 wordings of this item as funds reported it.

78% Majority: yes · of votes cast

FOR 78%AGAINST
FOR: 53,352,899AGAINST: 14,668,026
Details: description as filed, official tally, votes by 107 asset managers

Description as filed by funds: Election of Directors: Alexander R. Fischer

ADVANCED DRAINAGE SYSTEMS INC.’s own tally for this item (“Elect Director: Alexander R. Fischer”): 53,352,899 for, 14,668,026 against, per its Form 8-K filed July 21, 2023 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The Company's stockholders elected each of the eight nominees for director, and the voting results are set forth below:”
Support: 78% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 107 asset managers below reported 22,288,548 for, 1,144,845 against, 10,949 abstained.

FOR
FOR: 22,288,548AGAINST: 1,144,845ABSTAIN: 10,949
Largest asset managers voting on “Election of Directors: Alexander R. Fischer” at ADVANCED DRAINAGE SYSTEMS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard6,798,5280 00For
BlackRock2,935,1840 00For
Capital Group1,933,8080 00For
Thrivent1,575,4330 00For
American Century1,284,3620 00For
Invesco1,151,3080 00For
Fidelity757,1160 00For
First Trust725,9210 00For
John Hancock722,8420 00For
Eaton Vance460,6430 00For
Charles Schwab408,3640 00For
Global X0374,742 00Against
WILLIAM BLAIR FUNDS259,7000 00For
AMCAP FUND235,9840 00For
Columbia Threadneedle0235,979 00Against
Legg Mason206,0000 00For
Allspring199,8270 00For
Royce198,1280 00For
TIAA173,1370 00For
Virtus167,2000 00For
Artisan153,5690 00For
AIG/SunAmerica152,7030 00For
Principal116,56819,051 00Mixed
Jackson National133,4870 00For
Equitable114,9740 00For

Showing the 25 largest of 107 asset managers. See all 107 in the interactive database.

2. Elect Director: Anesa T. Chaibi

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 3 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 67,021,247AGAINST: 952,824
Details: description as filed, official tally, votes by 107 asset managers

Description as filed by funds: Election of Directors: Anesa T. Chaibi

ADVANCED DRAINAGE SYSTEMS INC.’s own tally for this item (“Elect Director: Anesa T. Chaibi”): 67,021,247 for, 952,824 against, per its Form 8-K filed July 21, 2023 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The Company's stockholders elected each of the eight nominees for director, and the voting results are set forth below:”
Support: 99% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 107 asset managers below reported 23,433,393 for, 10,949 abstained.

FOR
FOR: 23,433,393ABSTAIN: 10,949
Largest asset managers voting on “Election of Directors: Anesa T. Chaibi” at ADVANCED DRAINAGE SYSTEMS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard6,798,5280 00For
BlackRock2,935,1840 00For
Capital Group1,933,8080 00For
Thrivent1,575,4330 00For
American Century1,284,3620 00For
Invesco1,151,3080 00For
Fidelity757,1160 00For
First Trust725,9210 00For
John Hancock722,8420 00For
Eaton Vance460,6430 00For
Charles Schwab408,3640 00For
Global X374,7420 00For
WILLIAM BLAIR FUNDS259,7000 00For
AMCAP FUND235,9840 00For
Columbia Threadneedle235,9790 00For
Legg Mason206,0000 00For
Allspring199,8270 00For
Royce198,1280 00For
TIAA173,1370 00For
Virtus167,2000 00For
Artisan153,5690 00For
AIG/SunAmerica152,7030 00For
Principal135,6190 00For
Jackson National133,4870 00For
Equitable114,9740 00For

Showing the 25 largest of 107 asset managers. See all 107 in the interactive database.

3. Elect Director: Anil Seetharam

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 3 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 65,634,703AGAINST: 2,423,435
Details: description as filed, official tally, votes by 107 asset managers

Description as filed by funds: Election of Directors: Anil Seetharam

ADVANCED DRAINAGE SYSTEMS INC.’s own tally for this item (“Elect Director: Anil Seetharam”): 65,634,703 for, 2,423,435 against, per its Form 8-K filed July 21, 2023 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The Company's stockholders elected each of the eight nominees for director, and the voting results are set forth below:”
Support: 96% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 107 asset managers below reported 23,337,261 for, 96,132 against, 10,949 abstained.

FOR
FOR: 23,337,261AGAINST: 96,132ABSTAIN: 10,949
Largest asset managers voting on “Election of Directors: Anil Seetharam” at ADVANCED DRAINAGE SYSTEMS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard6,798,5280 00For
BlackRock2,935,1840 00For
Capital Group1,933,8080 00For
Thrivent1,575,4330 00For
American Century1,284,3620 00For
Invesco1,151,3080 00For
Fidelity757,1160 00For
First Trust725,9210 00For
John Hancock722,8420 00For
Eaton Vance460,6430 00For
Charles Schwab408,3640 00For
Global X371,0813,661 00For
WILLIAM BLAIR FUNDS259,7000 00For
AMCAP FUND235,9840 00For
Columbia Threadneedle235,9790 00For
Legg Mason206,0000 00For
Allspring199,8270 00For
Royce198,1280 00For
TIAA173,1370 00For
Virtus167,2000 00For
Artisan153,5690 00For
AIG/SunAmerica152,7030 00For
Principal135,6190 00For
Jackson National133,4870 00For
Equitable114,9740 00For

Showing the 25 largest of 107 asset managers. See all 107 in the interactive database.

4. Elect Director: Carl A. Nelson, Jr.

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 4 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 66,471,911AGAINST: 1,549,560
Details: description as filed, official tally, votes by 107 asset managers

Description as filed by funds: Election of Directors: Carl A. Nelson, Jr.

ADVANCED DRAINAGE SYSTEMS INC.’s own tally for this item (“Elect Director: Carl A. Nelson, Jr.”): 66,471,911 for, 1,549,560 against, per its Form 8-K filed July 21, 2023 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The Company's stockholders elected each of the eight nominees for director, and the voting results are set forth below:”
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 107 asset managers below reported 23,420,107 for, 13,286 against, 10,949 abstained.

FOR
FOR: 23,420,107AGAINST: 13,286ABSTAIN: 10,949
Largest asset managers voting on “Election of Directors: Carl A. Nelson, Jr.” at ADVANCED DRAINAGE SYSTEMS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard6,798,5280 00For
BlackRock2,935,1840 00For
Capital Group1,933,8080 00For
Thrivent1,575,4330 00For
American Century1,284,3620 00For
Invesco1,151,3080 00For
Fidelity757,1160 00For
First Trust725,9210 00For
John Hancock722,8420 00For
Eaton Vance460,6430 00For
Charles Schwab408,3640 00For
Global X374,7420 00For
WILLIAM BLAIR FUNDS259,7000 00For
AMCAP FUND235,9840 00For
Columbia Threadneedle235,9790 00For
Legg Mason206,0000 00For
Allspring199,8270 00For
Royce198,1280 00For
TIAA173,1370 00For
Virtus167,2000 00For
Artisan153,5690 00For
AIG/SunAmerica152,7030 00For
Principal135,6190 00For
Jackson National133,4870 00For
Equitable114,9740 00For

Showing the 25 largest of 107 asset managers. See all 107 in the interactive database.

5. Elect Director: D. Scott Barbour

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 3 wordings of this item as funds reported it.

99.4% Majority: yes · of votes cast

FOR 99.4%
FOR: 67,660,727AGAINST: 401,346
Details: description as filed, official tally, votes by 107 asset managers

Description as filed by funds: Election of Directors: D. Scott Barbour

ADVANCED DRAINAGE SYSTEMS INC.’s own tally for this item (“Elect Director: D. Scott Barbour”): 67,660,727 for, 401,346 against, per its Form 8-K filed July 21, 2023 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The Company's stockholders elected each of the eight nominees for director, and the voting results are set forth below:”
Support: 99.4% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 107 asset managers below reported 23,433,393 for, 10,949 abstained.

FOR
FOR: 23,433,393ABSTAIN: 10,949
Largest asset managers voting on “Election of Directors: D. Scott Barbour” at ADVANCED DRAINAGE SYSTEMS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard6,798,5280 00For
BlackRock2,935,1840 00For
Capital Group1,933,8080 00For
Thrivent1,575,4330 00For
American Century1,284,3620 00For
Invesco1,151,3080 00For
Fidelity757,1160 00For
First Trust725,9210 00For
John Hancock722,8420 00For
Eaton Vance460,6430 00For
Charles Schwab408,3640 00For
Global X374,7420 00For
WILLIAM BLAIR FUNDS259,7000 00For
AMCAP FUND235,9840 00For
Columbia Threadneedle235,9790 00For
Legg Mason206,0000 00For
Allspring199,8270 00For
Royce198,1280 00For
TIAA173,1370 00For
Virtus167,2000 00For
Artisan153,5690 00For
AIG/SunAmerica152,7030 00For
Principal135,6190 00For
Jackson National133,4870 00For
Equitable114,9740 00For

Showing the 25 largest of 107 asset managers. See all 107 in the interactive database.

6. Elect Director: Kelly S. Gast

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 3 wordings of this item as funds reported it.

99.3% Majority: yes · of votes cast

FOR 99.3%
FOR: 67,499,938AGAINST: 474,156
Details: description as filed, official tally, votes by 107 asset managers

Description as filed by funds: Election of Directors: Kelly S. Gast

ADVANCED DRAINAGE SYSTEMS INC.’s own tally for this item (“Elect Director: Kelly S. Gast”): 67,499,938 for, 474,156 against, per its Form 8-K filed July 21, 2023 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The Company's stockholders elected each of the eight nominees for director, and the voting results are set forth below:”
Support: 99.3% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 107 asset managers below reported 23,433,023 for, 370 against, 10,949 abstained.

FOR
FOR: 23,433,023AGAINST: 370ABSTAIN: 10,949
Largest asset managers voting on “Election of Directors: Kelly S. Gast” at ADVANCED DRAINAGE SYSTEMS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard6,798,5280 00For
BlackRock2,935,1840 00For
Capital Group1,933,8080 00For
Thrivent1,575,4330 00For
American Century1,284,3620 00For
Invesco1,151,3080 00For
Fidelity757,1160 00For
First Trust725,9210 00For
John Hancock722,8420 00For
Eaton Vance460,6430 00For
Charles Schwab408,3640 00For
Global X374,7420 00For
WILLIAM BLAIR FUNDS259,7000 00For
AMCAP FUND235,9840 00For
Columbia Threadneedle235,9790 00For
Legg Mason206,0000 00For
Allspring199,8270 00For
Royce198,1280 00For
TIAA173,1370 00For
Virtus167,2000 00For
Artisan153,5690 00For
AIG/SunAmerica152,7030 00For
Principal135,6190 00For
Jackson National133,4870 00For
Equitable114,9740 00For

Showing the 25 largest of 107 asset managers. See all 107 in the interactive database.

7. Elect Director: M.A. (Mark) Haney

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 4 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 67,099,255AGAINST: 921,641
Details: description as filed, official tally, votes by 107 asset managers

Description as filed by funds: Election of Directors: M.A. (Mark) Haney

ADVANCED DRAINAGE SYSTEMS INC.’s own tally for this item (“Elect Director: M.A. (Mark) Haney”): 67,099,255 for, 921,641 against, per its Form 8-K filed July 21, 2023 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The Company's stockholders elected each of the eight nominees for director, and the voting results are set forth below:”
Support: 99% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 107 asset managers below reported 23,432,851 for, 542 against, 10,949 abstained.

FOR
FOR: 23,432,851AGAINST: 542ABSTAIN: 10,949
Largest asset managers voting on “Election of Directors: M.A. (Mark) Haney” at ADVANCED DRAINAGE SYSTEMS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard6,798,5280 00For
BlackRock2,935,1840 00For
Capital Group1,933,8080 00For
Thrivent1,575,4330 00For
American Century1,284,3620 00For
Invesco1,151,3080 00For
Fidelity757,1160 00For
First Trust725,9210 00For
John Hancock722,8420 00For
Eaton Vance460,6430 00For
Charles Schwab408,3640 00For
Global X374,7420 00For
WILLIAM BLAIR FUNDS259,7000 00For
AMCAP FUND235,9840 00For
Columbia Threadneedle235,9790 00For
Legg Mason206,0000 00For
Allspring199,8270 00For
Royce198,1280 00For
TIAA173,1370 00For
Virtus167,2000 00For
Artisan153,5690 00For
AIG/SunAmerica152,7030 00For
Principal135,6190 00For
Jackson National133,4870 00For
Equitable114,9740 00For

Showing the 25 largest of 107 asset managers. See all 107 in the interactive database.

8. Elect Director: Manuel Perez de la Mesa

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 5 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 67,036,275AGAINST: 1,014,447
Details: description as filed, official tally, votes by 107 asset managers

Description as filed by funds: Election of Directors: Manuel Perez de la Mesa

ADVANCED DRAINAGE SYSTEMS INC.’s own tally for this item (“Elect Director: Manuel Perez de la Mesa”): 67,036,275 for, 1,014,447 against, per its Form 8-K filed July 21, 2023 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The Company's stockholders elected each of the eight nominees for director, and the voting results are set forth below:”
Support: 99% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 107 asset managers below reported 23,433,221 for, 172 against, 10,949 abstained.

FOR
FOR: 23,433,221AGAINST: 172ABSTAIN: 10,949
Largest asset managers voting on “Election of Directors: Manuel Perez de la Mesa” at ADVANCED DRAINAGE SYSTEMS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard6,798,5280 00For
BlackRock2,935,1840 00For
Capital Group1,933,8080 00For
Thrivent1,575,4330 00For
American Century1,284,3620 00For
Invesco1,151,3080 00For
Fidelity757,1160 00For
First Trust725,9210 00For
John Hancock722,8420 00For
Eaton Vance460,6430 00For
Charles Schwab408,3640 00For
Global X374,7420 00For
WILLIAM BLAIR FUNDS259,7000 00For
AMCAP FUND235,9840 00For
Columbia Threadneedle235,9790 00For
Legg Mason206,0000 00For
Allspring199,8270 00For
Royce198,1280 00For
TIAA173,1370 00For
Virtus167,2000 00For
Artisan153,5690 00For
AIG/SunAmerica152,7030 00For
Principal135,6190 00For
Jackson National133,4870 00For
Equitable114,9740 00For

Showing the 25 largest of 107 asset managers. See all 107 in the interactive database.

9. Elect Director: Michael B. Coleman

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 4 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 66,569,190AGAINST: 1,481,282
Details: description as filed, official tally, votes by 107 asset managers

Description as filed by funds: Election of Directors: Michael B. Coleman

ADVANCED DRAINAGE SYSTEMS INC.’s own tally for this item (“Elect Director: Michael B. Coleman”): 66,569,190 for, 1,481,282 against, per its Form 8-K filed July 21, 2023 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The Company's stockholders elected each of the eight nominees for director, and the voting results are set forth below:”
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 107 asset managers below reported 23,420,107 for, 13,286 against, 10,949 abstained.

FOR
FOR: 23,420,107AGAINST: 13,286ABSTAIN: 10,949
Largest asset managers voting on “Election of Directors: Michael B. Coleman” at ADVANCED DRAINAGE SYSTEMS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard6,798,5280 00For
BlackRock2,935,1840 00For
Capital Group1,933,8080 00For
Thrivent1,575,4330 00For
American Century1,284,3620 00For
Invesco1,151,3080 00For
Fidelity757,1160 00For
First Trust725,9210 00For
John Hancock722,8420 00For
Eaton Vance460,6430 00For
Charles Schwab408,3640 00For
Global X374,7420 00For
WILLIAM BLAIR FUNDS259,7000 00For
AMCAP FUND235,9840 00For
Columbia Threadneedle235,9790 00For
Legg Mason206,0000 00For
Allspring199,8270 00For
Royce198,1280 00For
TIAA173,1370 00For
Virtus167,2000 00For
Artisan153,5690 00For
AIG/SunAmerica152,7030 00For
Principal135,6190 00For
Jackson National133,4870 00For
Equitable114,9740 00For

Showing the 25 largest of 107 asset managers. See all 107 in the interactive database.

10. Elect Director: Robert M. Eversole

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 4 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%
FOR: 64,479,530AGAINST: 3,534,927
Details: description as filed, official tally, votes by 107 asset managers

Description as filed by funds: Election of Directors: Robert M. Eversole

ADVANCED DRAINAGE SYSTEMS INC.’s own tally for this item (“Elect Director: Robert M. Eversole”): 64,479,530 for, 3,534,927 against, per its Form 8-K filed July 21, 2023 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The Company's stockholders elected each of the eight nominees for director, and the voting results are set forth below:”
Support: 95% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 107 asset managers below reported 23,184,074 for, 249,319 against, 10,949 abstained.

FOR
FOR: 23,184,074AGAINST: 249,319ABSTAIN: 10,949
Largest asset managers voting on “Election of Directors: Robert M. Eversole” at ADVANCED DRAINAGE SYSTEMS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard6,798,5280 00For
BlackRock2,935,1840 00For
Capital Group1,933,8080 00For
Thrivent1,575,4330 00For
American Century1,284,3620 00For
Invesco1,151,3080 00For
Fidelity757,1160 00For
First Trust725,9210 00For
John Hancock722,8420 00For
Eaton Vance460,6430 00For
Charles Schwab408,3640 00For
Global X371,0813,661 00For
WILLIAM BLAIR FUNDS259,7000 00For
AMCAP FUND235,9840 00For
Columbia Threadneedle235,9790 00For
Legg Mason206,0000 00For
Allspring199,8270 00For
Royce198,1280 00For
TIAA173,1370 00For
Virtus167,2000 00For
Artisan153,5690 00For
AIG/SunAmerica152,7030 00For
Principal135,6190 00For
Jackson National133,4870 00For
Equitable114,9740 00For

Showing the 25 largest of 107 asset managers. See all 107 in the interactive database.

11. Elect Director: Ross M. Jones

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 3 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 67,006,631AGAINST: 1,014,223
Details: description as filed, official tally, votes by 107 asset managers

Description as filed by funds: Election of Directors: Ross M. Jones

ADVANCED DRAINAGE SYSTEMS INC.’s own tally for this item (“Elect Director: Ross M. Jones”): 67,006,631 for, 1,014,223 against, per its Form 8-K filed July 21, 2023 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The Company's stockholders elected each of the eight nominees for director, and the voting results are set forth below:”
Support: 99% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 107 asset managers below reported 23,433,221 for, 172 against, 10,949 abstained.

FOR
FOR: 23,433,221AGAINST: 172ABSTAIN: 10,949
Largest asset managers voting on “Election of Directors: Ross M. Jones” at ADVANCED DRAINAGE SYSTEMS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard6,798,5280 00For
BlackRock2,935,1840 00For
Capital Group1,933,8080 00For
Thrivent1,575,4330 00For
American Century1,284,3620 00For
Invesco1,151,3080 00For
Fidelity757,1160 00For
First Trust725,9210 00For
John Hancock722,8420 00For
Eaton Vance460,6430 00For
Charles Schwab408,3640 00For
Global X374,7420 00For
WILLIAM BLAIR FUNDS259,7000 00For
AMCAP FUND235,9840 00For
Columbia Threadneedle235,9790 00For
Legg Mason206,0000 00For
Allspring199,8270 00For
Royce198,1280 00For
TIAA173,1370 00For
Virtus167,2000 00For
Artisan153,5690 00For
AIG/SunAmerica152,7030 00For
Principal135,6190 00For
Jackson National133,4870 00For
Equitable114,9740 00For

Showing the 25 largest of 107 asset managers. See all 107 in the interactive database.

12. Elect Director: Tanya D. Fratto

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 3 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 66,187,884AGAINST: 1,785,992
Details: description as filed, official tally, votes by 107 asset managers

Description as filed by funds: Election of Directors: Tanya D. Fratto

ADVANCED DRAINAGE SYSTEMS INC.’s own tally for this item (“Elect Director: Tanya D. Fratto”): 66,187,884 for, 1,785,992 against, per its Form 8-K filed July 21, 2023 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The Company's stockholders elected each of the eight nominees for director, and the voting results are set forth below:”
Support: 97% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 107 asset managers below reported 23,337,261 for, 96,132 against, 10,949 abstained.

FOR
FOR: 23,337,261AGAINST: 96,132ABSTAIN: 10,949
Largest asset managers voting on “Election of Directors: Tanya D. Fratto” at ADVANCED DRAINAGE SYSTEMS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard6,798,5280 00For
BlackRock2,935,1840 00For
Capital Group1,933,8080 00For
Thrivent1,575,4330 00For
American Century1,284,3620 00For
Invesco1,151,3080 00For
Fidelity757,1160 00For
First Trust725,9210 00For
John Hancock722,8420 00For
Eaton Vance460,6430 00For
Charles Schwab408,3640 00For
Global X371,0813,661 00For
WILLIAM BLAIR FUNDS259,7000 00For
AMCAP FUND235,9840 00For
Columbia Threadneedle235,9790 00For
Legg Mason206,0000 00For
Allspring199,8270 00For
Royce198,1280 00For
TIAA173,1370 00For
Virtus167,2000 00For
Artisan153,5690 00For
AIG/SunAmerica152,7030 00For
Principal135,6190 00For
Jackson National133,4870 00For
Equitable114,9740 00For

Showing the 25 largest of 107 asset managers. See all 107 in the interactive database.

13. 3. Advisory vote to approve the compensation of the Company's executive officers as disclosed in the Company's Proxy…

Outcome not verifiedFund totals may overlapSECTION 14A SAY-ON-PAY VOTESReported outcome: Not verified

Combines 17 wordings of this item as funds reported it.

90% Majority: yes · of votes cast

FOR 90%
FOR: 60,739,902AGAINST: 6,572,275
Details: description as filed, official tally, votes by 385 asset managers

Description as filed by funds: Approval, in a non-binding advisory vote, of the compensation for named executive officers.

ADVANCED DRAINAGE SYSTEMS INC.’s own tally for this item (“3. Advisory vote to approve the compensation of the Company's executive officers as disclosed in the Company's Proxy Statement”): 60,739,902 for, 6,572,275 against, per its Form 8-K filed July 21, 2023 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 90% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).

Fund voting reports: 106 asset managers voting on “Approval, in a non-binding advisory vote, of the compensation for named executive officers.” at ADVANCED DRAINAGE SYSTEMS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard6,798,5280 00For
BlackRock2,935,1840 00For
Capital Group1,933,8080 00For
Thrivent1,575,4330 00For
American Century1,284,3620 00For
Invesco1,151,3080 00For
Fidelity757,1160 00For
First Trust725,9210 00For
John Hancock722,8420 00For
Eaton Vance460,6430 00For
Charles Schwab408,3640 00For
Global X374,7420 00For
Artisan372,1370 00For
WILLIAM BLAIR FUNDS259,7000 00For
AMCAP FUND235,9840 00For
Columbia Threadneedle235,9790 00For
Legg Mason206,0000 00For
Allspring199,8270 00For
Royce198,1280 00For
TIAA173,1370 00For
Virtus167,2000 00For
AIG/SunAmerica152,7030 00For
Principal135,6190 00For
Jackson National133,4870 00For
Equitable114,9740 00For

Fund voting reports, all 106 managers: 23,609,113 for, 50,626 against, 10,949 abstained. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 304 asset managers voting on “Approval, in a non-binding advisory vote, of the compensation for named executive officers.” at ADVANCED DRAINAGE SYSTEMS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Meeder Advisory Services, Inc.7,000,0000 00For
Capital Group2,350,8470 00For
Swedbank Robur Fonder AB01,705,123 00Against
Thrivent1,605,9920 00For
Stockbridge Partners LLC1,467,6490 00For
American Century1,446,5410 00For
CANADA PENSION PLAN INVESTMENT BOARD1,441,0910 00For
PICTET ASSET MANAGEMENT SA1,357,7590 00For
BlackRock1,236,659682 00For
Invesco1,180,8250 00For
State Street1,053,0170 00For
Liontrust Investment Partners LLP1,023,3230 00For
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC972,7650 00For
GEODE CAPITAL MANAGEMENT, LLC780,3720 00For
Man Group plc678,0200 00For
AMERIPRISE FINANCIAL INC645,0440 00For
BAILLIE GIFFORD & CO LTD642,6160 00For
UniSuper Management Pty Ltd622,3920 00For
ATLANTA CAPITAL MANAGEMENT CO L L C569,5480 00For
Triodos Investment Management BV00 558,8500Abstain
BAILLIE GIFFORD OVERSEAS LTD537,1170 00For
Fidelity503,0930 00For
Zurich Insurance Group Ltd/FI459,4160 00For
Robeco Schweiz AG420,0000 00For
Charles Schwab409,4240 00For

Institutional-manager reports, all 304 managers: 38,246,752 for, 3,728,394 against, 558,863 abstained, 77,300 not voted, 7 unknown. Showing the 25 largest; see all in the interactive database.

14. 2. Ratification of the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting…

Official resultAUDIT-RELATEDReported outcome: Approved

Combines 7 wordings of this item as funds reported it.

91% Approved · of votes cast

FOR 91%
FOR: 63,828,969AGAINST: 6,526,464
Details: description as filed, official tally, votes by 108 asset managers

Description as filed by funds: Ratification of the appointment of Deloitte & Touche LLP as the Company's Independent Registered Public Accounting Firm for fiscal year 2024.

ADVANCED DRAINAGE SYSTEMS INC.’s own tally for this item (“2. Ratification of the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for fiscal year 2024”): 63,828,969 for, 6,526,464 against — passed, per its Form 8-K filed July 21, 2023 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “The Company's stockholders ratified the selection of Deloitte & Touche LLP, and the voting results are set forth below:”
Support: 91% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 108 asset managers below reported 23,382,137 for, 54,356 against, 10,949 abstained.

FOR
FOR: 23,382,137AGAINST: 54,356ABSTAIN: 10,949
Largest asset managers voting on “Ratification of the appointment of Deloitte & Touche LLP as the Company's Independent Registered Public Accoun” at ADVANCED DRAINAGE SYSTEMS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard6,798,5280 00For
BlackRock2,935,1840 00For
Capital Group1,933,8080 00For
Thrivent1,575,4330 00For
American Century1,284,3620 00For
Invesco1,151,3080 00For
Fidelity757,1160 00For
First Trust725,9210 00For
John Hancock722,8420 00For
Eaton Vance460,6430 00For
Charles Schwab408,3640 00For
Global X371,0813,661 00For
WILLIAM BLAIR FUNDS259,7000 00For
AMCAP FUND235,9840 00For
Columbia Threadneedle235,9790 00For
Legg Mason206,0000 00For
Allspring199,8270 00For
Royce198,1280 00For
TIAA173,1370 00For
Virtus167,2000 00For
Artisan153,5690 00For
AIG/SunAmerica152,7030 00For
Principal135,6190 00For
Jackson National133,4870 00For
Equitable114,9740 00For

Showing the 25 largest of 108 asset managers. See all 108 in the interactive database.

Not shown here: this season’s fund filings also report 13 items from the meeting of July 18, 2024, which belongs to the 2024-2025 season. A meeting outside this season’s July 1 to June 30 window is not counted in this page’s items or in its totals of asset managers and fund votes.

Largest ADVANCED DRAINAGE SYSTEMS INC. shareholders voting in 2023-2024

Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported, shown as a share of the 69,541,000 shares outstanding at the time of that meeting.

Fund voting reports: top ADVANCED DRAINAGE SYSTEMS INC. shareholders by shares voted on “Approval, in a non-binding advisory vote, of the compensation for named executive officers.”, 2023-2024
#Asset manager % of shares outstanding
1Vanguard 9.78%
2BlackRock 4.22%
3Capital Group 2.78%
4Thrivent 2.27%
5American Century 1.85%
6Invesco 1.66%
7Fidelity 1.09%
8First Trust 1.04%
9John Hancock 1.04%
10Eaton Vance 0.66%
Institutional-manager reports: top ADVANCED DRAINAGE SYSTEMS INC. shareholders by shares voted on “Approval, in a non-binding advisory vote, of the compensation for named executive officers.”, 2023-2024
#Asset manager % of shares outstanding
1Meeder Advisory Services, Inc. 10.07%
2Capital Group 3.38%
3Swedbank Robur Fonder AB 2.45%
4Thrivent 2.31%
5Stockbridge Partners LLC 2.11%
6American Century 2.08%
7CANADA PENSION PLAN INVESTMENT BOARD 2.07%
8PICTET ASSET MANAGEMENT SA 1.95%
9BlackRock 1.78%
10Invesco 1.70%

Reported ADVANCED DRAINAGE SYSTEMS INC. holdings and ownership

As disclosed to the SEC in Form 13F (quarter-end holdings of 30 large managers), Schedules 13D and 13G (beneficial ownership above 5%) and the company’s own proxy statement (DEF 14A). Each row names its form.

ADVANCED DRAINAGE SYSTEMS INC. holdings and ownership disclosed for the 2023-2024 proxy season
Holder % outstanding Disclosure
Vanguard Group 10.76% 13F
BlackRock 10.13% 13F
Common Stock Held in KSOP 8.69% DEF14A
KSOP 8.69% DEF14A
s. 7.86% 13G
State Street 3.36% 13F
Morgan Stanley 2.88% 13F
Invesco 2.43% 13F
Geode Capital 1.59% 13F
D. Scott Barbour 1.11% DEF14A

Percentages above are of 69,541,000 shares outstanding, as reported by ADVANCED DRAINAGE SYSTEMS INC. on its Form 10-Q dated June 30, 2023 (see the filing on EDGAR). This is the count contemporaneous with the 2023-2024 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from ADVANCED DRAINAGE SYSTEMS INC.’s 10-Q dated June 30, 2023. This page is a static snapshot rebuilt weekly on October 14, 2026; a live search always shows the current data.

At ADVANCED DRAINAGE SYSTEMS INC.'s shareholder meeting held July 20, 2023, in the 2023-2024 proxy season, 398 asset managers reported how they voted on 14 ballot items in their SEC Form N-PX filings, covering 5,610 separate fund positions. On the most widely held item on that ballot — Approval, in a non-binding advisory vote, of the compensation for named executive officers. — FOR was 90% of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side), which is more than half. Whether the item was approved is for the filing to say; that statement has not been read for this item. Source: ADVANCED DRAINAGE SYSTEMS INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on July 21, 2023.

ADVANCED DRAINAGE SYSTEMS INC. proxy season coverage: 2023-2024 (this page) · 2024-2025 · 2025-2026.

Download data (CSV): ballot items · votes by manager · column guide.