EPAM Systems Reports Director, Officer, and Compensation Changes
Ticker: EPAM · Form: 8-K · Filed: Sep 2, 2025 · CIK: 1352010
| Field | Detail |
|---|---|
| Company | Epam Systems, Inc. (EPAM) |
| Form Type | 8-K |
| Filed Date | Sep 2, 2025 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.001, $850,000, $670,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, officer-changes, board-changes
TL;DR
EPAM's board and execs are changing, with new comp plans filed.
AI Summary
EPAM Systems, Inc. filed an 8-K on August 27, 2025, reporting changes in its board of directors and certain officers, along with updates to compensatory arrangements. The filing also includes amendments to its articles of incorporation or bylaws and financial statements and exhibits.
Why It Matters
Changes in a company's board and executive compensation can signal shifts in strategy or governance, impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in directorships and officer appointments, especially when coupled with compensatory arrangement updates, can indicate internal shifts that may affect business operations and strategy.
Key Players & Entities
- EPAM Systems, Inc. (company) — Registrant
- August 27, 2025 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 41 University Drive Suite 202, Newtown, Pennsylvania 18940 (address) — Principal executive offices
- 267-759-9000 (phone_number) — Registrant's telephone number
FAQ
What specific changes were made to the board of directors or certain officers?
The filing indicates changes related to the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers' but does not detail the specific individuals or roles affected in the provided text.
What kind of compensatory arrangements were updated?
The filing mentions updates to 'Compensatory Arrangements of Certain Officers' but does not specify the nature or details of these arrangements in the provided text.
Were there any amendments to EPAM Systems, Inc.'s articles of incorporation or bylaws?
Yes, the filing explicitly lists 'Amendments to Articles of Incorporation or Bylaws' as an item of information.
What financial statements or exhibits are included with this filing?
The filing states that 'Financial Statements and Exhibits' are included, but the specific content is not detailed in the provided text.
What is the principal business address of EPAM Systems, Inc.?
The principal executive offices are located at 41 University Drive, Suite 202, Newtown, Pennsylvania 18940.
Filing Stats: 1,146 words · 5 min read · ~4 pages · Grade level 10.2 · Accepted 2025-09-02 16:02:30
Key Financial Figures
- $0.001 — ich Registered Common Stock, par value $0.001 per share EPAM New York Stock Exchange
- $850,000 — Fejes receives an annual base salary of $850,000 (converted to Swiss francs), with his c
- $670,000 — jes of restricted stock units valued at $670,000 (the "CEO RSU Grant") under the EPAM Sy
Filing Documents
- epam-20250827.htm (8-K) — 32KB
- exhiit32_amendedandrestate.htm (EX-3.2) — 118KB
- exhibit101employmentagreem.htm (EX-10.1) — 90KB
- exhibit102formofexecutiver.htm (EX-10.2) — 269KB
- image_0.jpg (GRAPHIC) — 0KB
- image_0b.jpg (GRAPHIC) — 8KB
- 0001352010-25-000044.txt ( ) — 749KB
- epam-20250827.xsd (EX-101.SCH) — 2KB
- epam-20250827_def.xml (EX-101.DEF) — 3KB
- epam-20250827_lab.xml (EX-101.LAB) — 25KB
- epam-20250827_pre.xml (EX-101.PRE) — 14KB
- epam-20250827_htm.xml (XML) — 3KB
03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. On August 27, 2025, the Board approved amended and restated bylaws of the Company, effective September 1, 2025. The amendment and restatement changes Section 3.02 to increase the maximum number of directors on the Board from ten to 11 and also includes certain modernizing and clarifying changes. The summary description of the changes to the bylaws is not complete and is qualified in its entirety by reference to the full text of the bylaws, a copy of which is filed herewith as Exhibit 3.2 and is incorporated herein by reference.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits 3.2 Amended and Restated Bylaws effective as of September 1, 2025 . 10.1 Employment Agreement between Balazs Fejes and EPAM Systems (Switzerland) GmbH, effective as of September 1, 2025 . 10.2 Form of Executive 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: September 2, 2025 By: /s/ Edward F. Rockwell Name: Edward F. Rockwell Title: SVP, General Counsel and Corporate Secretary