EPAM Systems Reports Material Definitive Agreement

TL;DR

EPAM signed a big deal, details to come.

AI Summary

EPAM Systems, Inc. filed an 8-K on August 28, 2024, reporting a material definitive agreement. The filing also includes Regulation FD disclosures and financial statements/exhibits. Specific details of the agreement, including parties involved and financial terms, are not fully elaborated in the provided text but are indicated as material.

Why It Matters

This filing indicates a significant new contract or partnership for EPAM Systems, which could impact future revenue and strategic direction.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement, but the lack of specific details about the agreement's nature and financial implications introduces uncertainty.

Key Players & Entities

• EPAM Systems, Inc. (company) — Registrant
• August 28, 2024 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of incorporation
• 41 University Drive Suite 202 (address) — Principal executive offices
• Newtown, Pennsylvania (location) — Principal executive offices location

FAQ

From the Filing

0001352010-24-000031.txt : 20240904 0001352010-24-000031.hdr.sgml : 20240904 20240904080618 ACCESSION NUMBER: 0001352010-24-000031 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20240828 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240904 DATE AS OF CHANGE: 20240904 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EPAM Systems, Inc. CENTRAL INDEX KEY: 0001352010 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING SERVICES [7371] ORGANIZATION NAME: 06 Technology IRS NUMBER: 223536104 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35418 FILM NUMBER: 241275926 BUSINESS ADDRESS: STREET 1: 41 UNIVERSITY DRIVE STREET 2: SUITE 202 CITY: NEWTOWN STATE: PA ZIP: 18940 BUSINESS PHONE: (267) 759-9000 MAIL ADDRESS: STREET 1: 41 UNIVERSITY DRIVE STREET 2: SUITE 202 CITY: NEWTOWN STATE: PA ZIP: 18940 FORMER COMPANY: FORMER CONFORMED NAME: EPAM SYSTEMS INC DATE OF NAME CHANGE: 20060202 8-K 1 epam-20240828.htm 8-K epam-20240828 0001352010 false 0001352010 2024-08-28 2024-08-28 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of   the Securities Exchange Act of 1934 Date of report (Date of earliest event reported):   August 28, 2024 EPAM SYSTEMS, INC. (Exact name of registrant   as specified in its charter) Delaware 1-35418 22-3536104 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 41 University Drive Suite 202 18940 Newtown Pennsylvania (Address of principal executive offices) (Zip Code) 267 - 759-9000 (Registrant’s telephone number, including area code) Not Applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)     ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))     ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))   Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Trading Symbol Name of Each Exchange on which Registered Common Stock, par value $0.001 per share EPAM New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Item 1.01. Entry into a Material Definitive Agreement Stock Purchase Agreement On August 28, 2024, EPAM Systems, Inc. (“EPAM”), entered into a Stock Purchase Agreement (the “Purchase Agreement”), with MA Monredo (Netherlands) B.V. (“Monredo” and, solely in its capacity as the representative of the Sellers, "Sellers' Representative"), CXNetworks N.V. (“Cemex” and together with Monredo, the “Sellers”), and Neoris N.V. (“Neoris” and, together with EPAM, the Sellers, and Sellers' Representative, the “Parties”), under which, and subject to the terms and conditi