Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
EPAM Systems, Inc.: Amended bylaws to conform to charter changes: declassified the Board and reduced supermajority requirement to amend bylaws to a majority (effective 2025-05-22).
- Change
- bylaw amendment
- Effective
- 2025-05-22
Exact text from the filing
The amendments to the Bylaws were made to conform the Bylaws to the changes made in the Charter and consist of amendments to Sections 3.02, 3.12, and 3.13 to reflect declassification of the Board and to Section 6.06 to reduce the supermajority requirement to amend the Bylaws to a majority requirement.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
EPAM Systems, Inc.: Amended charter to declassify the Board, reduce supermajority vote requirements to majority, opt out of Section 203 DGCL, and add officer exculpation (effective 2025-05-22).
- Change
- charter amendment
- Effective
- 2025-05-22
Exact text from the filing
At the Annual Meeting, the Company’s stockholders also approved four proposals to amend the Company’s Certificate of Incorporation (the “Charter”) to declassify the Board, reduce the written supermajority vote requirements to a majority vote requirement, to elect out of the supermajority provisions of Section 203 of the Delaware General Corporation Law, and to exculpate certain officers as permitted by Delaware law.
View on SEC.gov