Corporate GovernanceMay 26, 2026, 04:08 PM
EPAM Stockholders Approve Right to Call Special Meeting, Boost Share Plans
AI Summary
EPAM Systems' stockholders approved key proposals at the 2026 Annual Meeting, including an amendment to the company's charter to grant stockholders the right to call a special meeting. Additionally, they approved increasing the shares available under the 2025 Long Term Incentive Plan by 4,000,000 and the 2021 Employee Stock Purchase Plan by 650,000. The stockholders also elected four Class II directors and ratified Deloitte & Touche LLP as the independent auditors.
Key Highlights
- Stockholders approved an amendment to the Fourth A&R Charter to enable the right to call a special meeting.
- The 2025 Long Term Incentive Plan shares increased by 4,000,000.
- The 2021 Employee Stock Purchase Plan shares increased by 650,000.
- Balazs Fejes, Eugene Roman, Jill Smart, and Ronald Vargo were elected as Class II directors.
- Deloitte & Touche LLP was ratified as the independent auditor.
- Total 52,756,846 shares were entitled to vote as of the April 1, 2026 record date.
- The proposal for the right to call a special meeting received 42,309,922 votes for.
Price Impact
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