EPAM Systems, Inc. DEF 14A Filing

Ticker: EPAM · Form: DEF 14A · Filed: Apr 16, 2024 · CIK: 1352010

Epam Systems, Inc. DEF 14A Filing Summary
FieldDetail
CompanyEpam Systems, Inc. (EPAM)
Form TypeDEF 14A
Filed DateApr 16, 2024
Risk Levellow
Pages14
Reading Time17 min
Key Dollar Amounts$4.7 b, $7, $10, $2.0 billion, $62 million
Sentimentneutral

Sentiment: neutral

Topics: DEF 14A, EPAM Systems, Proxy Statement, Executive Compensation, Corporate Governance

TL;DR

<b>EPAM Systems, Inc. filed its DEF 14A proxy statement on April 16, 2024, detailing corporate governance and executive compensation information.</b>

AI Summary

EPAM Systems, Inc. (EPAM) filed a Proxy Statement (DEF 14A) with the SEC on April 16, 2024. EPAM Systems, Inc. filed a DEF 14A form on April 16, 2024. The filing covers the period ending May 31, 2024. The company's principal executive offices are located at 41 University Drive, Suite 202, Newtown, PA 18940. EPAM Systems, Inc. is incorporated in Delaware. The company's IRS number is 223536104.

Why It Matters

For investors and stakeholders tracking EPAM Systems, Inc., this filing contains several important signals. This filing is a routine proxy statement, providing shareholders with information necessary to vote on matters at the annual meeting, including executive compensation and director elections. Shareholders can review detailed information about the company's financial performance, executive compensation packages, and corporate governance practices.

Risk Assessment

Risk Level: low — EPAM Systems, Inc. shows low risk based on this filing. The filing is a standard DEF 14A, which is a routine disclosure and does not contain new material financial information or significant operational changes.

Analyst Insight

Review the executive compensation details and any shareholder proposals to understand potential impacts on company strategy and shareholder relations.

Key Numbers

  • 2024-04-16 — Filing Date (Date the DEF 14A was filed)
  • 2024-05-31 — Reporting Period End Date (The period covered by the filing)
  • 1231 — Fiscal Year End (Company's fiscal year end)

Key Players & Entities

  • EPAM Systems, Inc. (company) — Filer name
  • 41 University Drive, Suite 202, Newtown, PA 18940 (location) — Business and mail address
  • DE (location) — State of incorporation
  • 223536104 (organization_id) — IRS number
  • 001-35418 (filing_id) — SEC file number

FAQ

When did EPAM Systems, Inc. file this DEF 14A?

EPAM Systems, Inc. filed this Proxy Statement (DEF 14A) with the SEC on April 16, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by EPAM Systems, Inc. (EPAM).

Where can I read the original DEF 14A filing from EPAM Systems, Inc.?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by EPAM Systems, Inc..

What are the key takeaways from EPAM Systems, Inc.'s DEF 14A?

EPAM Systems, Inc. filed this DEF 14A on April 16, 2024. Key takeaways: EPAM Systems, Inc. filed a DEF 14A form on April 16, 2024.. The filing covers the period ending May 31, 2024.. The company's principal executive offices are located at 41 University Drive, Suite 202, Newtown, PA 18940..

Is EPAM Systems, Inc. a risky investment based on this filing?

Based on this DEF 14A, EPAM Systems, Inc. presents a relatively low-risk profile. The filing is a standard DEF 14A, which is a routine disclosure and does not contain new material financial information or significant operational changes.

What should investors do after reading EPAM Systems, Inc.'s DEF 14A?

Review the executive compensation details and any shareholder proposals to understand potential impacts on company strategy and shareholder relations. The overall sentiment from this filing is neutral.

How does EPAM Systems, Inc. compare to its industry peers?

EPAM Systems operates in the computer programming services industry, providing IT consulting and software development services.

Are there regulatory concerns for EPAM Systems, Inc.?

The DEF 14A filing is a requirement under the Securities Exchange Act of 1934 for publicly traded companies to provide information to shareholders regarding annual meetings.

Industry Context

EPAM Systems operates in the computer programming services industry, providing IT consulting and software development services.

Regulatory Implications

The DEF 14A filing is a requirement under the Securities Exchange Act of 1934 for publicly traded companies to provide information to shareholders regarding annual meetings.

What Investors Should Do

  1. Analyze executive compensation details for key personnel.
  2. Review any shareholder proposals and management's recommendations.
  3. Examine director nominations and qualifications.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a standard annual disclosure and does not represent a change from previous filings in terms of reporting format or core content.

Filing Stats: 4,344 words · 17 min read · ~14 pages · Grade level 17.2 · Accepted 2024-04-16 16:05:54

Key Financial Figures

  • $4.7 b — including: Revenues of approximately $4.7 billion, a contraction of 2.8% on a repor
  • $7 — AAP diluted earnings per share (EPS) of $7.06, and Non-GAAP* diluted EPS of $10.
  • $10 — f $7.06, and Non-GAAP* diluted EPS of $10.59, with a year-over-year EPS growth of
  • $2.0 billion — a strong balance sheet, with more than $2.0 billion in cash and cash equivalents. Lastly,
  • $62 million — raine, where we have provided more than $62 million of humanitarian relief over the last tw

Filing Documents

Security Ownership of Certain Beneficial Owners & Management

Security Ownership of Certain Beneficial Owners & Management 26 Certain Relationships & Related Transactions 28 Report of the Audit Committee 30 Compensation of Directors 31

Executive Compensation

Executive Compensation 34 Compensation Committee Interlocks & Insider Participation 34 Compensation Committee Report 34 Compensation Discussion & Analysis 34 Overview 34 Compensation Philosophy and Objectives 36 Compensation-Setting Process 38 Elements of Compensation 41 Other Employment Arrangements 43 Compensation Risk Assessment 44 Tax Deductibility 44 Stock Ownership Guidelines 44 Prohibition on Hedging or Pledging EPAM Common Stock 44 Clawback Policy 44 Summary Compensation Table 45 Grants of Plan-Based Awards 46 Outstanding Equity Awards at Fiscal Year-End 47 Options Exercised & Stock Vested 49 Potential Payments on Termination and Change of Control 49 2023 Pay Ratio Disclosure 51 Pay Versus Performance 52 Independent Registered Public Accounting Firm 55 Proposal 1: Election of Directors 56 Proposal 2: Ratification of Appointment of Independent Registered Public Accounting Firm 57 Proposal 3: Annual Advisory Vote to Approve Executive Compensation 58 Proposal 4: Stockholder Proposal Requesting Board Action to Eliminate the Classified Board by Approving Amendments to the Amended and Restated Certificate of Incorporation 59 Householding 60 Questions and Answers About the 2024 Annual Meeting & Voting Your Shares 60 Stockholder Proposals for the 2025 Annual Meeting 66 Other Matters 68 Appendix A: Reconciliation of Non-GAAP Financial Measures to Comparable GAAP Measures A-1 3 |2024 Proxy Statement Table of Contents General Information The Board of Directors (the "Board") of EPAM Systems, Inc., a Delaware corporation ("we" or "EPAM"), is soliciting proxies to be used at the annual meeting of stockholders of EPAM to be held on Friday, May 31, 2024, at 10:00 a.m. EDT through a live audio webcast available via https://www.virtualshareholdermeeting.com/EPAM2024 and any postponement, adjournment or continuation thereof (the "Annual Meeting").

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