EPAM Systems Announces Board Changes and Executive Compensation Updates
Ticker: EPAM · Form: 8-K · Filed: Mar 20, 2024 · CIK: 1352010
| Field | Detail |
|---|---|
| Company | Epam Systems, Inc. (EPAM) |
| Form Type | 8-K |
| Filed Date | Mar 20, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001, $4,650,000, $1,500,000, $1,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
Related Tickers: EPAM
TL;DR
EPAM reshuffled its board and updated exec pay. Dobkin out, new directors in.
AI Summary
EPAM Systems, Inc. announced on March 15, 2024, changes in its board of directors and executive compensation arrangements. Specifically, the company reported the departure of Director Arkadiy Dobkin and the appointment of new directors, including Alexey Ershov and Boris Shacter. The filing also details new compensatory arrangements for certain officers.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Board and executive changes can introduce uncertainty regarding future strategy and leadership stability.
Key Players & Entities
- EPAM Systems, Inc. (company) — Registrant
- Arkadiy Dobkin (person) — Departing Director
- Alexey Ershov (person) — Appointed Director
- Boris Shacter (person) — Appointed Director
- March 15, 2024 (date) — Report Date
FAQ
Who has departed from EPAM Systems' board of directors?
Arkadiy Dobkin has departed from EPAM Systems' board of directors as of March 15, 2024.
Who are the newly appointed directors at EPAM Systems?
Alexey Ershov and Boris Shacter have been appointed as new directors at EPAM Systems.
What is the primary reason for this 8-K filing?
This 8-K filing is primarily to report the departure of directors, election of directors, and updates to compensatory arrangements of certain officers.
When was the earliest event reported in this filing?
The earliest event reported in this filing occurred on March 15, 2024.
What is EPAM Systems, Inc.'s state of incorporation?
EPAM Systems, Inc. is incorporated in Delaware.
Filing Stats: 795 words · 3 min read · ~3 pages · Grade level 12.5 · Accepted 2024-03-20 16:11:35
Key Financial Figures
- $0.001 — ich Registered Common Stock, par value $0.001 per share EPAM New York Stock Exchange
- $4,650,000 — nt Value Target PSUs Arkadiy Dobkin $4,650,000 15,561 Jason Peterson $1,500,000 5
- $1,500,000 — n $4,650,000 15,561 Jason Peterson $1,500,000 5,020 Balazs Fejes $1,500,000 5,02
- $1,000,000 — jes $1,500,000 5,020 Larry Solomon $1,000,000 3,346 Viktar Dvorkin $1,000,000 3,
Filing Documents
- epam-20240315.htm (8-K) — 36KB
- exhibit101formofceopsuagre.htm (EX-10.1) — 139KB
- exhibit102formofs16psuagre.htm (EX-10.2) — 139KB
- 0001352010-24-000012.txt ( ) — 484KB
- epam-20240315.xsd (EX-101.SCH) — 2KB
- epam-20240315_lab.xml (EX-101.LAB) — 22KB
- epam-20240315_pre.xml (EX-101.PRE) — 13KB
- epam-20240315_htm.xml (XML) — 3KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits 10.1 Form of Chief Executive Officer Performance Restricted Stock Unit Award Agreement 10.2 Form of Global Executive Officer Performance Restricted Stock Unit Award Agreement 101 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. 104 The cover page from this Current Report on Form 8-K, formatted as Inline XBRL.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: March 20, 2024 By: /s/ Edward F. Rockwell Name: Edward F. Rockwell Title: SVP, General Counsel and Corporate Secretary