EPAM Systems Announces Director Changes and Holds Annual Meeting

Ticker: EPAM · Form: 8-K · Filed: 2025-05-27T00:00:00.000Z

Sentiment: neutral

Topics: board-changes, annual-meeting, executive-compensation

Related Tickers: EPAM

TL;DR

EPAM reshuffled its board, elected a new director, and held its annual meeting. Stockholders voted on exec pay and auditor.

AI Summary

EPAM Systems, Inc. announced on May 22, 2025, several key changes including the departure of Director Robert J. Glick, the election of new Director David J. Dorman, and the appointment of new officers. The company also held its Annual Meeting of Stockholders where proposals related to director elections, executive compensation, and auditor ratification were voted upon.

Why It Matters

Changes in board composition and executive appointments can signal shifts in company strategy or governance, while stockholder votes on compensation and auditor ratification provide insights into shareholder confidence.

Risk Assessment

Risk Level: medium — Changes in leadership and executive compensation can introduce uncertainty, while the outcome of stockholder votes may impact future corporate actions.

Key Players & Entities

FAQ

Who has departed from the Board of Directors of EPAM Systems, Inc.?

Robert J. Glick has departed from the Board of Directors.

Who has been elected as a new Director to the Board of EPAM Systems, Inc.?

David J. Dorman has been elected as a new Director.

What is the date of the earliest event reported in this 8-K filing?

The date of the earliest event reported is May 22, 2025.

What type of meeting did EPAM Systems, Inc. hold?

EPAM Systems, Inc. held its Annual Meeting of Stockholders.

What were some of the key items voted on at the Annual Meeting of Stockholders?

Key items voted on included the election of directors, advisory approval of executive compensation, and ratification of the appointment of the independent registered public accounting firm.

From the Filing

0001352010-25-000021.txt : 20250527 0001352010-25-000021.hdr.sgml : 20250527 20250527163255 ACCESSION NUMBER: 0001352010-25-000021 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20250522 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year ITEM INFORMATION: Submission of Matters to a Vote of Security Holders ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250527 DATE AS OF CHANGE: 20250527 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 EIN: 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: 25989107 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-20250522.htm 8-K epam-20250522 0001352010 false 12/31 0001352010 2025-05-22 2025-05-22 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):   May 22, 2025 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 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On May 22, 2025, EPAM Systems, Inc. (the “Company”) held its 2025 Annual Meeting of Stockholders (the “Annual Meeting”). Among other matters, the Company’s stockholders approved the EPAM Systems, Inc. 2025 Long Term Incentive Plan (the &#8220

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