secwatch.observer — SEC 8-K summary
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Issuer:     EPAM Systems, Inc. (EPAM)
CIK:        0001352010
Form:       8-K
Filed at:   2025-05-27T23:59:59+00:00
Accession:  0001352010-25-000021
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EPAM shareholders approve 2025 LTIP, board declassification, and governance changes
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1352010/000135201025000021/0001352010-25-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1352010/000135201025000021/epam-20250522.htm
  HTML page:      https://secwatch.observer/filing/0001352010-25-000021

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