secwatch.observer — SEC 8-K summary
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Issuer:     EPAM Systems, Inc. (EPAM)
CIK:        0001352010
Form:       8-K
Filed at:   2025-09-02T23:59:59+00:00
Accession:  0001352010-25-000044
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1352010/000135201025000044/0001352010-25-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1352010/000135201025000044/epam-20250827.htm
  HTML page:      https://secwatch.observer/filing/0001352010-25-000044

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