secwatch.observer — SEC 8-K summary
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Issuer:     EPAM Systems, Inc. (EPAM)
CIK:        0001352010
Form:       8-K
Filed at:   2025-10-21T23:59:59+00:00
Accession:  0001352010-25-000050
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EPAM Systems announces $1B share repurchase program over 24 months
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- Board authorized up to $1 billion in common stock repurchases; program term of 24 months.
- Repurchases may be executed via open market, privately negotiated transactions, or Rule 10b5-1 trading plans.
- CEO Balazs Fejes cited confidence in future growth and AI-Native market position.
- CFO Jason Peterson noted improving organic constant currency revenue growth and strong balance sheet.
- Program does not obligate EPAM to acquire any specific amount and may be suspended anytime.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1352010/000135201025000050/0001352010-25-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1352010/000135201025000050/epam-20251016.htm
  HTML page:      https://secwatch.observer/filing/0001352010-25-000050

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