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ADVANCED DRAINAGE SYSTEMS, INC. FILES (8-K) Disclosing Other Events

August 22, 2014



Item 8.01 Other Events.

On August 22, 2014, an additional 600,000 shares of common stock of Advanced Drainage Systems, Inc. (the "Company") were sold by certain selling stockholders of the Company to the underwriters as part of the Company's initial public offering (the "Offering"). The material terms of the Offering are described in the prospectus, dated July 24, 2014, filed by the Company with the Securities and Exchange Commission on July 28, 2014. The sale of additional shares resulted from a partial exercise by the underwriters of the over-allotment option granted by the selling stockholders to the underwriters in connection with the Offering. The Company will not receive any proceeds from the sale of such additional shares.

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Source: Edgar Glimpses


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