---
schema_version: "secwatch.filing_event.v1"
accession: "0001352010-25-000021"
form_type: "8-K"
ticker: "EPAM"
cik: "0001352010"
company_name: "EPAM Systems, Inc."
filed_at: "2025-05-27T23:59:59+00:00"
generated_at: "2026-05-20T10:22:05.024270+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# EPAM shareholders approve 2025 LTIP, board declassification, and governance changes

## Summary
- Shareholders approved the 2025 Long Term Incentive Plan, reserving up to 2.5M new shares plus returned shares from predecessor plans.
- Board declassification approved; all directors to stand for annual election starting with 2026 annual meeting.
- Charter amended to reduce supermajority vote requirements to majority; company opted out of DGCL Section 203 supermajority provisions.
- Charter amended to include officer exculpation as permitted by Delaware law.

## SEC filing metadata
- accession: 0001352010-25-000021
- form_type: 8-K
- ticker: EPAM
- cik: 0001352010
- company_name: EPAM Systems, Inc.
- filed_at: 2025-05-27T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 5.03, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1352010/000135201025000021/0001352010-25-000021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1352010/000135201025000021/epam-20250522.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001352010-25-000021
- JSON: https://secwatch.observer/filing/0001352010-25-000021.json
- Plain text: https://secwatch.observer/filing/0001352010-25-000021.txt

## Key facts
- Governance Changes
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1352010/000135201025000021/0001352010-25-000021-index.htm
- Governance Changes
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1352010/000135201025000021/0001352010-25-000021-index.htm

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