EPAM Systems Announces Director & Officer Changes

Ticker: EPAM · Form: 8-K · Filed: 2025-06-26T00:00:00.000Z

Sentiment: neutral

Topics: management-change, governance, compensation

Related Tickers: EPAM

TL;DR

EPAM reshuffled its board and updated exec pay – check the details.

AI Summary

EPAM Systems, Inc. announced on June 23, 2025, changes related to its board of directors and executive compensation. The filing details the departure of directors, election of new directors, and updates to compensatory arrangements for certain officers. Specific details regarding the individuals involved and the exact nature of the compensatory arrangements are outlined within the report.

Why It Matters

Changes in board composition and executive compensation can signal shifts in company strategy, governance, or financial outlook, impacting investor confidence.

Risk Assessment

Risk Level: medium — Changes in directorship and executive compensation can sometimes precede or reflect significant strategic shifts or internal challenges within a company.

Key Players & Entities

FAQ

What specific items are covered under the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers' section?

This section of the 8-K filing covers the departure of directors, the election of new directors, and details regarding the compensatory arrangements for certain officers of EPAM Systems, Inc.

When was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing occurred on June 23, 2025.

What is the principal executive office address for EPAM Systems, Inc.?

The principal executive office address for EPAM Systems, Inc. is 41 University Drive, Suite 202, Newtown, Pennsylvania.

Under which section of the Securities Exchange Act of 1934 is this report filed?

This report is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.

What is the Standard Industrial Classification code for EPAM Systems, Inc.?

The Standard Industrial Classification code for EPAM Systems, Inc. is 7371, which corresponds to SERVICES-COMPUTER PROGRAMMING SERVICES.

From the Filing

0001140361-25-023813.txt : 20250626 0001140361-25-023813.hdr.sgml : 20250626 20250626160545 ACCESSION NUMBER: 0001140361-25-023813 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20250623 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250626 DATE AS OF CHANGE: 20250626 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: 251080393 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 ef20051011_8k.htm 8-K false 0001352010 NYSE 0001352010 2025-06-23 2025-06-23 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):  June 23, 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 June 23, 2025, the Compensation Committee of the Board of Directors of EPAM Systems, Inc. (the “Company”), approved the EPAM Systems, Inc. Executive Severance Plan (the “Severance Plan”), effective as of the same date, under which the Company’s executive officers (including the Company’s Chief Executive Officer and Chief Financial Officer) will be eligible to rec

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