---
schema_version: "secwatch.filing_event.v1"
accession: "0001352010-25-000044"
form_type: "8-K"
ticker: "EPAM"
cik: "0001352010"
company_name: "EPAM Systems, Inc."
filed_at: "2025-09-02T23:59:59+00:00"
generated_at: "2026-05-17T08:46:38.949009+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# EPAM appoints Balazs Fejes as CEO, Dobkin becomes Executive Chairman effective Sept 1

## Summary
- Balazs Fejes appointed CEO and President effective Sept 1, 2025; Arkadiy Dobkin becomes Executive Chairman.
- Fejes receives $850,000 annual base salary (converted to CHF); RSU grant valued at $670,000 vesting over 4 years.
- Employment agreement provides 12-month notice period, 24-month post-termination non-compete, and garden leave option.
- Board amended bylaws to increase maximum director count from 10 to 11, effective Sept 1.

## SEC filing metadata
- accession: 0001352010-25-000044
- form_type: 8-K
- ticker: EPAM
- cik: 0001352010
- company_name: EPAM Systems, Inc.
- filed_at: 2025-09-02T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1352010/000135201025000044/0001352010-25-000044-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1352010/000135201025000044/epam-20250827.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001352010-25-000044
- JSON: https://secwatch.observer/filing/0001352010-25-000044.json
- Plain text: https://secwatch.observer/filing/0001352010-25-000044.txt

## Key facts
- Governance Changes
  EPAM Systems, Inc.: Amended and restated bylaws to increase maximum number of directors from ten to 11 and make modernizing/clarifying changes (effective 2025-09-01).
  - Change: bylaw amendment
  - Effective: 2025-09-01
  source text: On August 27, 2025, the Board approved amended and restated bylaws of the Company, effective September 1, 2025. The amendment and restatement changes Section 3.02 to increase the maximum number of directors on the Board from ten to 11 and also includes certain modernizing and clarifying changes.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1352010/000135201025000044/0001352010-25-000044-index.htm

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