secwatch.observer — SEC 8-K summary
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Issuer:     EPAM Systems, Inc. (EPAM)
CIK:        0001352010
Form:       8-K
Filed at:   2022-04-07T23:59:59+00:00
Accession:  0001352010-22-000029
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EPAM begins exiting Russia operations; relocating employees over next three months
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- Begins process to exit Russia operations; phased completion over next three months.
- Accelerating relocation of Russia-based employees; significant number already moved.
- Will continue operations in Belarus with separate business continuity plans.
- Over 14,000 Ukraine-based employees; vast majority in safe locations with 2021 productivity levels.
- Previously announced $100M humanitarian commitment to support Ukraine employees and families.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1352010/000135201022000029/0001352010-22-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1352010/000135201022000029/epam-20220407.htm
  HTML page:      https://secwatch.observer/filing/0001352010-22-000029

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer