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Advanced Drainage Systems, Inc. 2025-2026 Proxy Voting Records

Compiled from SEC Form N-PX filings and Advanced Drainage Systems, Inc.’s Form 8-K, filed July 17, 2025 (Item 5.07 on EDGAR). Page generated November 6, 2026.

  • 13Ballot items
  • 486Asset managers
  • 6,103Fund votes
  • July 17, 2025Meeting date

Results at a glance

Meeting of July 17, 2025: 13 items on Advanced Drainage Systems, Inc.’s Form 8-K, filed July 17, 2025: 11 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 2025-2026 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 17, 2025 (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 17, 2025
Ballot itemForAgainst AbstainWithheldBroker non-votesSupport (of votes cast)Reported outcomeVoting standard
Elect Director: D. Scott Barbour 67,943,479573,96337,647 --2,085,739 99.1%Elected—
Elect Director: Anesa T. Chaibi 66,980,4031,518,93055,756 --2,085,739 98%Elected—
Elect Director: Michael B. Coleman 68,091,285414,92748,877 --2,085,739 99.3%Elected—
Elect Director: Robert M. Eversole 61,839,6446,319,218396,227 --2,085,739 91%Elected—
Elect Director: Alexander R. Fischer 53,845,86314,661,47947,747 --2,085,739 79%Elected—
Elect Director: Tanya D. Fratto 64,061,7504,429,37063,969 --2,085,739 94%Elected—
Elect Director: Kelly S. Gast 68,215,147294,03845,904 --2,085,739 99.5%Elected—
Elect Director: M.A. (Mark) Haney 67,772,334735,57247,183 --2,085,739 99%Elected—
Elect Director: Luther C. Kissam IV 68,028,130479,76147,198 --2,085,739 99.2%Elected—
Elect Director: Manuel Perez de la Mesa 67,685,850802,17567,064 --2,085,739 99%Elected—
Elect Director: Anil Seetharam 64,930,1203,559,67465,295 --2,085,739 95%Elected—
2. Ratification of the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for fiscal year 2026 63,065,4817,535,65039,697 ---- 89%Approved—
3. Advisory vote to approve the compensation of the Company's executive officers as disclosed in the Company's Proxy Statement 60,210,4028,223,794110,893 --2,085,739 88%Not verified—

Source: Advanced Drainage Systems, Inc., Form 8-K, filed with the SEC on July 17, 2025 — read the filing on EDGAR.

How asset managers voted at the Advanced Drainage Systems, Inc. 2025-2026 meeting

Each item below shows how the 486 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.

79% Majority: yes · of votes cast

FOR 79%AGAINST
FOR: 53,845,863AGAINST: 14,661,479
Details: description as filed, official tally, votes by 116 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”): 53,845,863 for, 14,661,479 against, per its Form 8-K filed July 17, 2025 (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 eleven nominees for director, and the voting results are set forth below:”
Support: 79% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 116 asset managers below reported 22,669,144 for, 1,137,306 against, 13,302 abstained, 46 not voted.

FOR
FOR: 22,669,144AGAINST: 1,137,306ABSTAIN: 13,302NOT VOTED: 46
Largest asset managers voting on “Election of Directors: Alexander R. Fischer” at Advanced Drainage Systems, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard7,686,7052,310 00For
BlackRock3,769,5160 00For
First Trust1,564,1830 00For
Invesco1,360,1790 00For
Fidelity1,113,2960 00For
American Century1,014,1370 00For
State Street733,37444 00For
Charles Schwab643,905113 00For
Eaton Vance513,1910 00For
Global X0474,584 00Against
Capital Group406,0250 00For
Calvert0331,459 00Against
BARON SELECT FUNDS281,0000 00For
Dimensional237,3470 00For
GMO235,7870 00For
Jackson National197,4950 00For
AMCAP FUND169,0860 00For
WILLIAM BLAIR FUNDS154,0450 00For
BBH Trust149,2060 00For
BUFFALO FUNDS148,8800 00For
Thrivent146,0840 00For
JPMorgan134,8880 00For
Hartford133,3180 00For
Virtus128,6690 00For
T. Rowe Price119,5700 00For

Showing the 25 largest of 116 asset managers. See all 116 in the interactive database.

2. Elect Director: Anesa T. Chaibi

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 4 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 66,980,403AGAINST: 1,518,930
Details: description as filed, official tally, votes by 116 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”): 66,980,403 for, 1,518,930 against, per its Form 8-K filed July 17, 2025 (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 eleven 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 116 asset managers below reported 23,693,728 for, 112,722 against, 13,302 abstained, 46 not voted.

FOR
FOR: 23,693,728AGAINST: 112,722ABSTAIN: 13,302NOT VOTED: 46
Largest asset managers voting on “Election of Directors: Anesa T. Chaibi” at Advanced Drainage Systems, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard7,689,0141 00For
BlackRock3,769,5160 00For
First Trust1,564,1830 00For
Invesco1,360,1790 00For
Fidelity1,113,2960 00For
American Century1,014,1370 00For
State Street733,4180 00For
Charles Schwab644,0190 00For
Eaton Vance513,1910 00For
Global X474,5840 00For
Capital Group406,0250 00For
Calvert331,4590 00For
BARON SELECT FUNDS281,0000 00For
Dimensional237,3470 00For
GMO235,7870 00For
Jackson National197,4950 00For
AMCAP FUND169,0860 00For
WILLIAM BLAIR FUNDS154,0450 00For
BBH Trust149,2060 00For
BUFFALO FUNDS148,8800 00For
Thrivent146,0840 00For
JPMorgan134,8880 00For
Hartford133,3180 00For
Virtus128,6690 00For
T. Rowe Price119,5700 00For

Showing the 25 largest of 116 asset managers. See all 116 in the interactive database.

3. Elect Director: Anil Seetharam

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 4 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%
FOR: 64,930,120AGAINST: 3,559,674
Details: description as filed, official tally, votes by 116 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”): 64,930,120 for, 3,559,674 against, per its Form 8-K filed July 17, 2025 (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 eleven 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 116 asset managers below reported 23,786,600 for, 19,849 against, 13,302 abstained, 46 not voted.

FOR
FOR: 23,786,600AGAINST: 19,849ABSTAIN: 13,302NOT VOTED: 46
Largest asset managers voting on “Election of Directors: Anil Seetharam” at Advanced Drainage Systems, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard7,686,7122,303 00For
BlackRock3,769,5160 00For
First Trust1,564,1830 00For
Invesco1,360,1790 00For
Fidelity1,113,2960 00For
American Century1,014,1370 00For
State Street733,4180 00For
Charles Schwab644,0190 00For
Eaton Vance513,1910 00For
Global X471,0193,565 00For
Capital Group406,0250 00For
Calvert331,4590 00For
BARON SELECT FUNDS281,0000 00For
Dimensional237,3470 00For
GMO235,7870 00For
Jackson National197,4950 00For
AMCAP FUND169,0860 00For
WILLIAM BLAIR FUNDS154,0450 00For
BBH Trust149,2060 00For
BUFFALO FUNDS148,8800 00For
Thrivent146,0840 00For
JPMorgan134,8880 00For
Hartford133,3180 00For
Virtus128,6690 00For
T. Rowe Price119,5700 00For

Showing the 25 largest of 116 asset managers. See all 116 in the interactive database.

4. Elect Director: D. Scott Barbour

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 4 wordings of this item as funds reported it.

99.1% Majority: yes · of votes cast

FOR 99.1%
FOR: 67,943,479AGAINST: 573,963
Details: description as filed, official tally, votes by 116 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”): 67,943,479 for, 573,963 against, per its Form 8-K filed July 17, 2025 (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 eleven nominees for director, and the voting results are set forth below:”
Support: 99.1% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 116 asset managers below reported 23,805,569 for, 31 against, 14,152 abstained, 46 not voted.

FOR
FOR: 23,805,569AGAINST: 31ABSTAIN: 14,152NOT VOTED: 46
Largest asset managers voting on “Election of Directors: D. Scott Barbour” at Advanced Drainage Systems, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard7,689,0150 00For
BlackRock3,769,5160 00For
First Trust1,564,1830 00For
Invesco1,360,1790 00For
Fidelity1,113,2960 00For
American Century1,014,1370 00For
State Street733,38731 00For
Charles Schwab644,0190 00For
Eaton Vance513,1910 00For
Global X474,5840 00For
Capital Group406,0250 00For
Calvert331,4590 00For
BARON SELECT FUNDS281,0000 00For
Dimensional237,3470 00For
GMO235,7870 00For
Jackson National197,4950 00For
AMCAP FUND169,0860 00For
WILLIAM BLAIR FUNDS154,0450 00For
BBH Trust149,2060 00For
BUFFALO FUNDS148,8800 00For
Thrivent146,0840 00For
JPMorgan134,8880 00For
Hartford133,3180 00For
Virtus128,6690 00For
T. Rowe Price119,5700 00For

Showing the 25 largest of 116 asset managers. See all 116 in the interactive database.

5. Elect Director: Kelly S. Gast

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 4 wordings of this item as funds reported it.

99.5% Majority: yes · of votes cast

FOR 99.5%
FOR: 68,215,147AGAINST: 294,038
Details: description as filed, official tally, votes by 116 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”): 68,215,147 for, 294,038 against, per its Form 8-K filed July 17, 2025 (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 eleven nominees for director, and the voting results are set forth below:”
Support: 99.5% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 116 asset managers below reported 23,805,280 for, 320 against, 14,152 abstained, 46 not voted.

FOR
FOR: 23,805,280AGAINST: 320ABSTAIN: 14,152NOT VOTED: 46
Largest asset managers voting on “Election of Directors: Kelly S. Gast” at Advanced Drainage Systems, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard7,689,0150 00For
BlackRock3,769,5160 00For
First Trust1,564,1830 00For
Invesco1,360,1790 00For
Fidelity1,113,2960 00For
American Century1,014,1370 00For
State Street733,4180 00For
Charles Schwab644,0190 00For
Eaton Vance513,1910 00For
Global X474,5840 00For
Capital Group406,0250 00For
Calvert331,4590 00For
BARON SELECT FUNDS281,0000 00For
Dimensional237,3470 00For
GMO235,7870 00For
Jackson National197,4950 00For
AMCAP FUND169,0860 00For
WILLIAM BLAIR FUNDS154,0450 00For
BBH Trust149,2060 00For
BUFFALO FUNDS148,8800 00For
Thrivent146,0840 00For
JPMorgan134,8880 00For
Hartford133,3180 00For
Virtus128,6690 00For
T. Rowe Price119,5700 00For

Showing the 25 largest of 116 asset managers. See all 116 in the interactive database.

6. Elect Director: Luther C. Kissam IV

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 5 wordings of this item as funds reported it.

99.2% Majority: yes · of votes cast

FOR 99.2%
FOR: 68,028,130AGAINST: 479,761
Details: description as filed, official tally, votes by 116 asset managers

Description as filed by funds: Election of Directors: Luther C. Kissam IV

Advanced Drainage Systems, Inc.’s own tally for this item (“Elect Director: Luther C. Kissam IV”): 68,028,130 for, 479,761 against, per its Form 8-K filed July 17, 2025 (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 eleven nominees for director, and the voting results are set forth below:”
Support: 99.2% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 116 asset managers below reported 23,806,450 for, 13,302 abstained, 46 not voted.

FOR
FOR: 23,806,450ABSTAIN: 13,302NOT VOTED: 46
Largest asset managers voting on “Election of Directors: Luther C. Kissam IV” at Advanced Drainage Systems, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard7,689,0150 00For
BlackRock3,769,5160 00For
First Trust1,564,1830 00For
Invesco1,360,1790 00For
Fidelity1,113,2960 00For
American Century1,014,1370 00For
State Street733,4180 00For
Charles Schwab644,0190 00For
Eaton Vance513,1910 00For
Global X474,5840 00For
Capital Group406,0250 00For
Calvert331,4590 00For
BARON SELECT FUNDS281,0000 00For
Dimensional237,3470 00For
GMO235,7870 00For
Jackson National197,4950 00For
AMCAP FUND169,0860 00For
WILLIAM BLAIR FUNDS154,0450 00For
BBH Trust149,2060 00For
BUFFALO FUNDS148,8800 00For
Thrivent146,0840 00For
JPMorgan134,8880 00For
Hartford133,3180 00For
Virtus128,6690 00For
T. Rowe Price119,5700 00For

Showing the 25 largest of 116 asset managers. See all 116 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: 67,772,334AGAINST: 735,572
Details: description as filed, official tally, votes by 116 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”): 67,772,334 for, 735,572 against, per its Form 8-K filed July 17, 2025 (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 eleven 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 116 asset managers below reported 23,690,974 for, 115,475 against, 13,302 abstained, 46 not voted.

FOR
FOR: 23,690,974AGAINST: 115,475ABSTAIN: 13,302NOT VOTED: 46
Largest asset managers voting on “Election of Directors: M.A. (Mark) Haney” at Advanced Drainage Systems, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard7,689,0140 00For
BlackRock3,769,5160 00For
First Trust1,564,1830 00For
Invesco1,360,1790 00For
Fidelity1,113,2960 00For
American Century1,014,1370 00For
State Street733,37444 00For
Charles Schwab644,0190 00For
Eaton Vance513,1910 00For
Global X474,5840 00For
Capital Group406,0250 00For
Calvert331,4590 00For
BARON SELECT FUNDS281,0000 00For
Dimensional237,3470 00For
GMO235,7870 00For
Jackson National197,4950 00For
AMCAP FUND169,0860 00For
WILLIAM BLAIR FUNDS154,0450 00For
BBH Trust149,2060 00For
BUFFALO FUNDS148,8800 00For
Thrivent146,0840 00For
JPMorgan134,8880 00For
Hartford133,3180 00For
Virtus128,6690 00For
T. Rowe Price119,5700 00For

Showing the 25 largest of 116 asset managers. See all 116 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: 67,685,850AGAINST: 802,175
Details: description as filed, official tally, votes by 116 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”): 67,685,850 for, 802,175 against, per its Form 8-K filed July 17, 2025 (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 eleven 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 116 asset managers below reported 23,693,728 for, 112,722 against, 13,302 abstained, 46 not voted.

FOR
FOR: 23,693,728AGAINST: 112,722ABSTAIN: 13,302NOT VOTED: 46
Largest asset managers voting on “Election of Directors: Manuel Perez de la Mesa” at Advanced Drainage Systems, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard7,689,0141 00For
BlackRock3,769,5160 00For
First Trust1,564,1830 00For
Invesco1,360,1790 00For
Fidelity1,113,2960 00For
American Century1,014,1370 00For
State Street733,4180 00For
Charles Schwab644,0190 00For
Eaton Vance513,1910 00For
Global X474,5840 00For
Capital Group406,0250 00For
Calvert331,4590 00For
BARON SELECT FUNDS281,0000 00For
Dimensional237,3470 00For
GMO235,7870 00For
Jackson National197,4950 00For
AMCAP FUND169,0860 00For
WILLIAM BLAIR FUNDS154,0450 00For
BBH Trust149,2060 00For
BUFFALO FUNDS148,8800 00For
Thrivent146,0840 00For
JPMorgan134,8880 00For
Hartford133,3180 00For
Virtus128,6690 00For
T. Rowe Price119,5700 00For

Showing the 25 largest of 116 asset managers. See all 116 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.

99.3% Majority: yes · of votes cast

FOR 99.3%
FOR: 68,091,285AGAINST: 414,927
Details: description as filed, official tally, votes by 116 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”): 68,091,285 for, 414,927 against, per its Form 8-K filed July 17, 2025 (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 eleven 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 116 asset managers below reported 23,692,879 for, 112,721 against, 14,152 abstained, 46 not voted.

FOR
FOR: 23,692,879AGAINST: 112,721ABSTAIN: 14,152NOT VOTED: 46
Largest asset managers voting on “Election of Directors: Michael B. Coleman” at Advanced Drainage Systems, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard7,689,0150 00For
BlackRock3,769,5160 00For
First Trust1,564,1830 00For
Invesco1,360,1790 00For
Fidelity1,113,2960 00For
American Century1,014,1370 00For
State Street733,4180 00For
Charles Schwab644,0190 00For
Eaton Vance513,1910 00For
Global X474,5840 00For
Capital Group406,0250 00For
Calvert331,4590 00For
BARON SELECT FUNDS281,0000 00For
Dimensional237,3470 00For
GMO235,7870 00For
Jackson National197,4950 00For
AMCAP FUND169,0860 00For
WILLIAM BLAIR FUNDS154,0450 00For
BBH Trust149,2060 00For
BUFFALO FUNDS148,8800 00For
Thrivent146,0840 00For
JPMorgan134,8880 00For
Hartford133,3180 00For
Virtus128,6690 00For
T. Rowe Price119,5700 00For

Showing the 25 largest of 116 asset managers. See all 116 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.

91% Majority: yes · of votes cast

FOR 91%
FOR: 61,839,644AGAINST: 6,319,218
Details: description as filed, official tally, votes by 116 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”): 61,839,644 for, 6,319,218 against, per its Form 8-K filed July 17, 2025 (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 eleven nominees for director, and the voting results are set forth below:”
Support: 91% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 116 asset managers below reported 23,291,720 for, 514,729 against, 13,302 abstained, 46 not voted.

FOR
FOR: 23,291,720AGAINST: 514,729ABSTAIN: 13,302NOT VOTED: 46
Largest asset managers voting on “Election of Directors: Robert M. Eversole” at Advanced Drainage Systems, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard7,686,7092,306 00For
BlackRock3,769,5160 00For
First Trust1,564,1830 00For
Invesco1,360,1790 00For
Fidelity1,113,2960 00For
American Century1,014,1370 00For
State Street733,37444 00For
Charles Schwab644,0190 00For
Eaton Vance513,1910 00For
Global X471,0193,565 00For
Capital Group406,0250 00For
Calvert0331,459 00Against
BARON SELECT FUNDS281,0000 00For
Dimensional234,3592,988 00For
GMO235,7870 00For
Jackson National197,4950 00For
AMCAP FUND169,0860 00For
WILLIAM BLAIR FUNDS154,0450 00For
BBH Trust149,2060 00For
BUFFALO FUNDS148,8800 00For
Thrivent146,0840 00For
JPMorgan134,8880 00For
Hartford133,3180 00For
Virtus128,6690 00For
T. Rowe Price119,5700 00For

Showing the 25 largest of 116 asset managers. See all 116 in the interactive database.

11. Elect Director: Tanya D. Fratto

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 4 wordings of this item as funds reported it.

94% Majority: yes · of votes cast

FOR 94%
FOR: 64,061,750AGAINST: 4,429,370
Details: description as filed, official tally, votes by 116 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”): 64,061,750 for, 4,429,370 against, per its Form 8-K filed July 17, 2025 (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 eleven nominees for director, and the voting results are set forth below:”
Support: 94% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 116 asset managers below reported 23,804,013 for, 2,437 against, 13,302 abstained, 46 not voted.

FOR
FOR: 23,804,013AGAINST: 2,437ABSTAIN: 13,302NOT VOTED: 46
Largest asset managers voting on “Election of Directors: Tanya D. Fratto” at Advanced Drainage Systems, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard7,689,0123 00For
BlackRock3,769,5160 00For
First Trust1,564,1830 00For
Invesco1,360,1790 00For
Fidelity1,113,2960 00For
American Century1,014,1370 00For
State Street733,37444 00For
Charles Schwab644,0190 00For
Eaton Vance513,1910 00For
Global X474,5840 00For
Capital Group406,0250 00For
Calvert331,4590 00For
BARON SELECT FUNDS281,0000 00For
Dimensional237,3470 00For
GMO235,7870 00For
Jackson National197,4950 00For
AMCAP FUND169,0860 00For
WILLIAM BLAIR FUNDS154,0450 00For
BBH Trust149,2060 00For
BUFFALO FUNDS148,8800 00For
Thrivent146,0840 00For
JPMorgan134,8880 00For
Hartford133,3180 00For
Virtus128,6690 00For
T. Rowe Price119,5700 00For

Showing the 25 largest of 116 asset managers. See all 116 in the interactive database.

12. 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 12 wordings of this item as funds reported it.

88% Majority: yes · of votes cast

FOR 88%
FOR: 60,210,402AGAINST: 8,223,794
Details: description as filed, official tally, votes by 475 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”): 60,210,402 for, 8,223,794 against, per its Form 8-K filed July 17, 2025 (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: 88% 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: 115 asset managers voting on “Approval, in a non-binding advisory vote, of the compensation for named executive officers.” at Advanced Drainage Systems, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard7,684,7004,316 00For
BlackRock3,769,5160 00For
First Trust1,564,1830 00For
Invesco01,360,179 00Against
Fidelity1,113,2960 00For
American Century901,000113,137 00Mixed
State Street732,2191,199 00For
Charles Schwab644,0190 00For
Eaton Vance513,1910 00For
Global X471,0193,565 00For
Capital Group406,0250 00For
Calvert331,4590 00For
BARON SELECT FUNDS281,0000 00For
Dimensional237,3470 00For
GMO235,7870 00For
Jackson National197,4950 00For
AMCAP FUND169,0860 00For
WILLIAM BLAIR FUNDS154,0450 00For
BBH Trust149,2060 00For
BUFFALO FUNDS148,8800 00For
Thrivent146,0840 00For
JPMorgan134,8880 00For
Hartford133,3180 00For
Virtus128,6690 00For
T. Rowe Price119,5700 00For

Fund voting reports, all 115 managers: 22,145,610 for, 1,662,009 against, 13,302 abstained, 46 not voted. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 386 asset managers voting on “Approval, in a non-binding advisory vote, of the compensation for named executive officers.” at Advanced Drainage Systems, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
PICTET ASSET MANAGEMENT SA2,590,4530 00For
IMPAX ASSET MANAGEMENT LLC2,516,2620 00For
State Street2,210,6111,199 00For
UBS1,728,3900 00For
Impactive Capital LP1,663,9990 00For
BlackRock1,472,142436 00For
Invesco01,423,139 00Against
American Century1,186,930118,723 00Mixed
PGGM Investments01,219,950 00Against
GEODE CAPITAL MANAGEMENT, LLC1,149,0060 00For
Janus Henderson903,6040 00For
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC817,7880 00For
Swedbank Robur Fonder AB0772,794 00Against
Charles Schwab709,1850 00For
Amundi0694,477 00Against
CANADA PENSION PLAN INVESTMENT BOARD694,1040 00For
ATLANTA CAPITAL MANAGEMENT CO L L C674,9020 00For
T. Rowe Price638,1600 00For
Liontrust Investment Partners LLP635,0930 00For
Allianz0622,399 00Against
BAILLIE GIFFORD OVERSEAS LTD620,5280 00For
Capital Group587,3660 00For
BAILLIE GIFFORD & CO LTD585,3670 00For
Triodos Investment Management BV571,8000 00For
BAILLIE GIFFORD & CO505,4210 00For

Institutional-manager reports, all 386 managers: 33,704,563 for, 6,746,115 against, 49,741 abstained, 38,058 not voted. Showing the 25 largest; see all in the interactive database.

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

Official resultAUDIT-RELATEDReported outcome: Approved

Combines 5 wordings of this item as funds reported it.

89% Approved · of votes cast

FOR 89%
FOR: 63,065,481AGAINST: 7,535,650
Details: description as filed, official tally, votes by 116 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 2026.

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 2026”): 63,065,481 for, 7,535,650 against — passed, per its Form 8-K filed July 17, 2025 (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: 89% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 116 asset managers below reported 23,350,881 for, 455,568 against, 13,302 abstained, 46 not voted.

FOR
FOR: 23,350,881AGAINST: 455,568ABSTAIN: 13,302NOT VOTED: 46
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., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard7,443,692245,323 00For
BlackRock3,769,5160 00For
First Trust1,564,1830 00For
Invesco1,360,1790 00For
Fidelity1,113,2960 00For
American Century1,014,1370 00For
State Street733,37444 00For
Charles Schwab644,0190 00For
Eaton Vance513,1910 00For
Global X471,0193,565 00For
Capital Group406,0250 00For
Calvert331,4590 00For
BARON SELECT FUNDS281,0000 00For
Dimensional237,3470 00For
GMO235,7870 00For
Jackson National197,4950 00For
AMCAP FUND169,0860 00For
WILLIAM BLAIR FUNDS154,0450 00For
BBH Trust149,2060 00For
BUFFALO FUNDS148,8800 00For
Thrivent146,0840 00For
JPMorgan134,8880 00For
Hartford133,3180 00For
Virtus128,6690 00For
T. Rowe Price119,5700 00For

Showing the 25 largest of 116 asset managers. See all 116 in the interactive database.

Largest Advanced Drainage Systems, Inc. shareholders voting in 2025-2026

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 72,305,000 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.”, 2025-2026
#Asset manager % of shares outstanding
1Vanguard 10.63%
2BlackRock 5.21%
3First Trust 2.16%
4Invesco 1.88%
5Fidelity 1.54%
6American Century 1.40%
7State Street 1.01%
8Charles Schwab 0.89%
9Eaton Vance 0.71%
10Global X 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.”, 2025-2026
#Asset manager % of shares outstanding
1PICTET ASSET MANAGEMENT SA 3.58%
2IMPAX ASSET MANAGEMENT LLC 3.48%
3State Street 3.06%
4UBS 2.39%
5Impactive Capital LP 2.30%
6BlackRock 2.04%
7Invesco 1.97%
8American Century 1.81%
9PGGM Investments 1.69%
10GEODE CAPITAL MANAGEMENT, LLC 1.59%

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 2025-2026 proxy season
Holder % outstanding Disclosure
BlackRock 10.27% 13F
Advanced Drainage Systems Inc. Employee Stock Ownership Plan Trust 6.40% 13G
KSOP 6.40% DEF14A
Vanguard Capital Management 5.50% DEF14A
State Street 3.44% 13F
Morgan Stanley 2.37% 13F
Dimensional Fund Advisors 1.65% 13F
Invesco 1.36% 13F
Charles Schwab 0.97% 13F
D. Scott Barbour 0.96% DEF14A

Percentages above are of 72,305,000 shares outstanding, as reported by Advanced Drainage Systems, Inc. on its Form 10-Q dated June 30, 2025 (see the filing on EDGAR). This is the count contemporaneous with the 2025-2026 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.

Related

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, 2025. This page is a static snapshot rebuilt weekly on November 6, 2026; a live search always shows the current data.

At Advanced Drainage Systems, Inc.'s shareholder meeting held July 17, 2025, in the 2025-2026 proxy season, 486 asset managers reported how they voted on 13 ballot items in their SEC Form N-PX filings, covering 6,103 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 88% 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 17, 2025.

Advanced Drainage Systems, Inc. proxy season coverage: 2023-2024 · 2024-2025 · 2025-2026 (this page).

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