{"schema_version":"secwatch.filing_event.v1","accession":"0001352010-26-000019","form_type":"8-K","ticker":"EPAM","cik":"0001352010","company_name":"EPAM Systems, Inc.","filed_at":"2026-03-05T23:59:59+00:00","discovered_at":"2026-05-14T18:02:34.904620+00:00","generated_at":"2026-05-15T19:27:37.122332+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"EPAM Systems launches $300M accelerated share repurchase with Morgan Stanley","bullets":["Company pays $300M to Morgan Stanley, receives initial delivery of 1,703,336 shares (~$240M based on Mar 4 close).","Final settlement expected by Q2 2026; shares repurchased based on VWAP less discount.","After ASR, $452.5M remaining under existing $1.0B repurchase authorization.","CEO Balazs Fejes states repurchase reflects confidence in long-term outlook and current undervaluation.","Program funded with cash on hand and borrowings under existing credit facility."],"urls":{"canonical":"https://secwatch.observer/filing/0001352010-26-000019","json":"https://secwatch.observer/filing/0001352010-26-000019.json","markdown":"https://secwatch.observer/filing/0001352010-26-000019.md","text":"https://secwatch.observer/filing/0001352010-26-000019.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1352010/000135201026000019/0001352010-26-000019-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1352010/000135201026000019/epam-20260304.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T19:27:37.122332+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"03841960f4764f0eff9f72b7817325f59ac8fbba","claim":"EPAM Systems, Inc. entered into Fixed Dollar Accelerated Share Repurchase Transaction agreement with Morgan Stanley & Co. LLC valued at Aggregate $300 million share repurchase; initial delivery of 1,703,336 shares valued at $240 million (effective 2026-03-04).","evidence_excerpt":"On March 4, 2026, EPAM Systems, Inc. (the “ Company ”) entered into a Fixed Dollar Accelerated Share Repurchase Transaction agreement (the “ ASR Agreement ”) with Morgan Stanley & Co. LLC (“ Morgan Stanley ”) to repurchase an aggregate of $300 million of shares of the Company’s common stock (the “ Common Stock ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1352010/000135201026000019/0001352010-26-000019-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Morgan Stanley & Co. LLC"},{"label":"Value","value":"Aggregate $300 million share repurchase; initial delivery of 1,703,336 shares valued at $240 million"},{"label":"Effective","value":"2026-03-04"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}