{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-25-023813","form_type":"8-K","ticker":"EPAM","cik":"0001352010","company_name":"EPAM Systems, Inc.","filed_at":"2025-06-26T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.049144+00:00","generated_at":"2026-05-18T17:41:51.287304+00:00","sec_items":["5.02","9.01"],"event_type":"other","sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"confidence":"high","headline":"EPAM Systems adopts executive severance plan with cash and equity acceleration","bullets":["Plan covers executive officers including CEO and CFO; effective June 23, 2025.","Non-CIC severance: lump sum of 1x base salary plus target bonus, 12 months COBRA, time-based RSU acceleration for next 12 months.","CIC severance: 1.5x (CEO: 2x) base salary plus target bonus, 18 (CEO: 24) months COBRA, full equity acceleration including performance awards at greater of target/actual.","Benefits require execution of release and compliance with restrictive covenants; subject to clawback policy.","Retirement-eligible executives (age 60+ with 5+ years and age+service >=70) also eligible for plan benefits."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-25-023813","json":"https://secwatch.observer/filing/0001140361-25-023813.json","markdown":"https://secwatch.observer/filing/0001140361-25-023813.md","text":"https://secwatch.observer/filing/0001140361-25-023813.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1352010/000114036125023813/0001140361-25-023813-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1352010/000114036125023813/ef20051011_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T17:41:51.287304+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}