secwatch.observer — SEC 8-K summary
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Issuer:     EPAM Systems, Inc. (EPAM)
CIK:        0001352010
Form:       8-K
Filed at:   2026-03-05T23:59:59+00:00
Accession:  0001352010-26-000019
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EPAM Systems launches $300M accelerated share repurchase with Morgan Stanley
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1352010/000135201026000019/0001352010-26-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1352010/000135201026000019/epam-20260304.htm
  HTML page:      https://secwatch.observer/filing/0001352010-26-000019

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