# EDGAR Filing Document

**Accession Number:** 0001352010
**File Stem:** 0001352010-23-000016
**Filing Date:** 2023-3
**Character Count:** 11696
**Document Hash:** 1d8bc651ed4ebb35df6299fa358a2d90
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001352010-23-000016.hdr.sgml**: 20230314

**ACCESSION NUMBER**: 0001352010-23-000016

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20230310

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230314

**DATE AS OF CHANGE**: 20230314

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EPAM Systems, Inc.
- **CENTRAL INDEX KEY:** 0001352010
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER PROGRAMMING SERVICES [7371]
- **IRS NUMBER:** 223536104
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-35418
- **FILM NUMBER:** 23731598

**BUSINESS ADDRESS:**
- **STREET 1:** 41 UNIVERSITY DRIVE
- **STREET 2:** SUITE 202
- **CITY:** NEWTOWN
- **STATE:** PA
- **ZIP:** 18940
- **BUSINESS PHONE:** (267) 759-9000

**MAIL ADDRESS:**
- **STREET 1:** 41 UNIVERSITY DRIVE
- **STREET 2:** SUITE 202
- **CITY:** NEWTOWN
- **STATE:** PA
- **ZIP:** 18940

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** EPAM SYSTEMS INC
- **DATE OF NAME CHANGE:** 20060202

?xml version="1.0" ? epam-20230310

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K** 

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

Date of report (Date of earliest event reported): March 10, 2023

---

| | | |
|:---|:---|:---|
| **EPAM SYSTEMS, INC.** | **EPAM SYSTEMS, INC.** | **EPAM SYSTEMS, INC.** |
| (Exact name of registrant as specified in its charter) | (Exact name of registrant as specified in its charter) | (Exact name of registrant as specified in its charter) |
| **Delaware** | **1-35418** | **22-3536104** |
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
| **41 University Drive** | **Suite 202** | **18940** |
| **Newtown** | **Pennsylvania** | **18940** |
| (Address of principal executive offices) | (Address of principal executive offices) | (Zip Code) |

---

**267-759-9000** 

(Registrant's telephone number, including area code)

---

| |
|:---|
| **Not Applicable** |
| (Former name or former address, if changed since last report) |

---

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **<u>Title of Each Class</u>** | **<u>Trading Symbol</u>** | **<u>Name of Each Exchange on which Registered</u>** |
| **Common Stock, par value $0.001 per share** | **EPAM** | **New York Stock Exchange** |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers**

&nbsp;&nbsp;&nbsp;&nbsp;

On March 10, 2023, the Board of Directors (the "Board") of EPAM Systems, Inc. (the "Company"), upon the recommendation of the Nominating and Corporate Governance Committee of the Board, appointed Ms. DeAnne M. Aguirre to serve on the Board as an independent director and as a member of the Nominating and Corporate Governance Committee of the Board.

There is no arrangement or understanding between Ms. Aguirre and any other persons pursuant to which Ms. Aguirre was selected as a director. There are no transactions to which the Company or any of its subsidiaries is a party and in which Ms. Aguirre has a direct or indirect material interest requiring disclosure under Item 404(a) of Regulation S-K. Ms. Aguirre's compensation for service as a director will be consistent with that of the Company's other non-employee directors, as described in the Company's Annual Report on Form 10-K for the year ended December 31, 2022.

**Item 9.01. Financial Statements and Exhibits.**

**(d) Exhibits**

99.1 <u>[Press release dated March 14, 2023.](exhibit991_prxmarch142023.htm)</u>

101 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.

104 The cover page from this Current Report on Form 8-K, formatted as Inline XBRL.

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: March 14, 2023

---

| | |
|:---|:---|
| By: | /s/ Edward F. Rockwell |
| Name: | Edward F. Rockwell |
| Title: | SVP, General Counsel and Corporate Secretary |

---

## Exhibit 99.1

**Exhibit 99.1**

![logo_newa.jpg](logo_newa.jpg)

**EPAM Welcomes DeAnne Aguirre to its Board of Directors**

*Bringing extensive consulting expertise and a diverse background working with* 

*large and complex domestic and international business units*

**NEWTOWN, PA, USA, March 14, 2023 –** EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, today announced the selection of DeAnne Aguirre to its Board of Directors. Ms. Aguirre will also serve on the Board's Nominating and Corporate Governance Committee. With more than 30 years of experience in senior leadership managing large and complex domestic and international business units, Ms. Aguirre complements EPAM's diverse group of board members in providing outstanding oversight and guidance for the business.

![picture2a.jpg](picture2a.jpg)

"We're pleased to welcome DeAnne to EPAM's board of directors," said Arkadiy Dobkin, CEO & President, EPAM. "As we continue to expand our business, DeAnne's breadth of experience in technology, business and strategy consulting will be a valuable addition to help guide the growth of our advisory services and integrated consulting capabilities."

Ms. Aguirre currently serves on the Board of Directors and is a member of the Nominating and Governance Committee of Hercules Capital, Inc. (NYSE: HTGC). She also serves on the Board of Directors and Audit Committee for Cisive, a global technology-enabled compliance solutions company. Before that, Ms. Aguirre worked in several leadership positions at Strategy&, the strategy consulting business unit of PricewaterhouseCoopers (PwC), between 2015 and her retirement in 2020, including Managing Partner of the North America Strategy Business, Leader of the Health Industries Strategy Business and Leader of the Katzenbach Center. Ms. Aguirre received an MS in Business Administration from the Stanford University Graduate School of Business and a bachelor's degree in Mathematics from Fort Hays State University.

"In an increasingly complex business environment, EPAM has significant growth opportunities in helping customers successfully navigate shifting markets while offering next-gen solutions," said Ms. Aguirre. "As a new board member, I'm excited to work with the management team to help contribute to the Company's success."

**To read the complete list of EPAM board members, visit: epam.com/about/who-we-are/leadership**

------

**ABOUT EPAM SYSTEMS** 

Since 1993, EPAM Systems, Inc. (NYSE: EPAM) has leveraged its advanced software engineering heritage to become the foremost global digital transformation services provider – leading the industry in digital and physical product development and digital platform engineering services. Through its innovative strategy; integrated advisory, consulting, and design capabilities; and unique 'Engineering DNA,' EPAM's globally deployed hybrid teams help make the future real for clients and communities around the world by powering better enterprise, education and health platforms that connect people, optimize experiences, and improve people's lives. In 2021, EPAM was added to the S&P 500 and included among the list of Forbes Global 2000 companies.

Selected by Newsweek as a 2021 and 2022 Most Loved Workplace, EPAM's global multi-disciplinary teams serve customers in more than 50 countries across six continents. As a recognized leader, EPAM is listed among the top 15 companies in Information Technology Services on the Fortune 1000 and ranked four times as the top IT services company on Fortune's 100 Fastest Growing Companies list. EPAM is also listed among Ad Age's top 25 World's Largest Agency Companies for three consecutive years, and Consulting Magazine named EPAM Continuum a top 20 Fastest Growing Firm.

Learn more at www.epam.com and follow us on Twitter and LinkedIn.

**Forward-Looking Statements**

This press release includes estimates and statements which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events that may not prove to be accurate. Our estimates and forward-looking statements are mainly based on our current expectations and estimates of future events and trends, which affect or may affect our business and operations. These statements may include words such as "may," "will," "should," "believe," "expect," "anticipate," "intend," "plan," "estimate" or similar expressions. Those future events and trends may relate to, among other things, developments relating to the war in Ukraine, political and civil unrest or military action in the geographies where we conduct business and operate, developments relating to COVID-19, and the effect that they may have on our revenues, operations, access to capital, profitability and customer demand. Other factors that could cause actual results to differ materially from those expressed or implied include general economic conditions, the risk factors discussed in the Company's most recent Annual Report on Form 10-K and the factors discussed in the Company's Quarterly Reports on Form 10-Q, particularly under the headings "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" and other filings with the Securities and Exchange Commission. Although we believe that these estimates and forward-looking statements are based upon reasonable assumptions, they are subject to several risks and uncertainties and are made based on information currently available to us. EPAM undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities law.

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