---
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"
generated_at: "2026-05-18T17:41:51.287304+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# EPAM Systems adopts executive severance plan with cash and equity acceleration

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-023813
- JSON: https://secwatch.observer/filing/0001140361-25-023813.json
- Plain text: https://secwatch.observer/filing/0001140361-25-023813.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.