Item 2.02 Results of Operations and Financial Condition

On May 19, 2022, Advanced Drainage Systems, Inc. (the "Company") issued a press release setting forth the Company's unaudited results for the fourth quarter and fiscal year ended March 31, 2022. A copy of the Company's press release with the results is being furnished as Exhibit 99.1 and hereby incorporated by reference.

The information furnished pursuant to this Item 2.02, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities under Section 18 of the Exchange Act and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933 or the Exchange Act.

Item 5.02 Departure of Directors or Certain Officers

On May 18, 2022, C. Robert Kidder notified the Company's Board of Directors (the "Board") his decision not to stand for re-election as a director at the Company's 2022 annual meeting of stockholders. The decision of Mr. Kidder not to stand for re-election was not a result of any disagreement with the Company or the Board.

Item 7.01 Regulation FD Disclosure

As previously announced, at 10:00 a.m. (Eastern time) on May 19, 2022, the Company's President and Chief Executive Officer, Scott Barbour, and Chief Financial Officer, Scott Cottrill, will host a conference call and webcast to discuss the Company's unaudited results for the fourth quarter and fiscal year ended March 31, 2022. A copy of the Company's slides forming the basis of the presentation is being furnished as Exhibit 99.2 and hereby incorporated by reference.

The live webcast will also be accessible via the "Events Calendar" section of the Company's Investor Relations website, www.investors.ads-pipe.com. An archived version of the webcast will be available for 90 days following the call.

On May 19, 2022, the Company issued a press release announcing Mr. Kidder's decision mentioned in Item 5.02, the Board's decision to elect current director, Robert M. Eversole, to succeed Mr. Kidder as Board Chair, and the formation of a formal Sustainability Committee. A copy of the Company's press release is being furnished as Exhibit 99.4 and hereby incorporated by reference.

The information furnished pursuant to this Item 7.01, including Exhibit 99.4, shall not be deemed "filed" for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities under Section 18 of the Exchange Act and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933 or the Exchange Act.

Item 8.01 Other Events

On March 19, 2022, the Company issued a press release announcing the approval by the Board of Directors (the "Board") of the Company of the declaration of a cash dividend of $0.12 per share, payable on June 15, 2022, to stockholders of record at the close of business on June 1, 2022. A copy of the Company's press release is attached hereto as Exhibit 99.3 and hereby incorporated by reference.

Item 9.01 Financial Statements and Exhibits.

(d)Exhibits

The following exhibits are being furnished as part of this report:


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99.1             Press Release of Advanced Drainage Systems, Inc., dated     May     19    ,
               2022, regarding earnings

99.2             Presentation slides, dated     May     19    , 2022, regarding earnings

99.3             Press Release of Advanced Drainage Systems, Inc., dated     May     19    ,
               2022, regarding dividend

99.4             Press Release of Advanced Drainage Systems, Inc., dated May 19. 2022, regarding
               Board transition

104            Cover Page Interactive Data File (embedded within the Inline XBRL document)



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