EPAM Systems, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by EPAM Systems, Inc. on April 5, 2012. The report discloses a corporate governance event regarding the compensation of non-employee directors.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on a specific equity grant event.
Material Changes
On April 5, 2012, the Board of Directors approved annual grants of 3,546 restricted shares to each of the non-employee directors, Robert E. Segert and Ronald P. Vargo. The grant size was calculated by dividing $75,000 by the closing stock price on the day prior to the grant date, rounded to the nearest whole share.
Guidance, Outlook, and Risks
The filing states that this grant is consistent with the spirit of the previously approved Non-Employee Director Compensation Policy. No financial guidance, outlook, risks, or contingencies are discussed in this document.
Key Facts for Investors
- Event Date: April 5, 2012
- Recipients: Non-employee directors Robert E. Segert and Ronald P. Vargo
- Grant Size: 3,546 restricted shares per director
- Valuation Basis: $75,000 divided by the prior day's closing stock price
- Plan: Non-Employee Directors Compensation Plan