Corporate GovernanceApr 30, 2026, 04:44 PM
GDYN Amends 10-K for Governance & Compensation Details
AI Summary
Grid Dynamics Holdings, Inc. filed an amended Annual Report on Form 10-K/A to include information previously incorporated by reference from its definitive proxy statement, covering corporate governance, executive compensation, and director/executive officer details. The amendment also includes Section 302 Sarbanes-Oxley certifications. The filing highlights strong 2025 performance, including record revenues and improved GAAP net income, which informed executive compensation decisions, and notes an amendment to the equity incentive plan based on stockholder feedback.
Key Highlights
- 10-K/A filed to include corporate governance and executive compensation details.
- Amendment includes Section 302 Sarbanes-Oxley Act certifications.
- 2025 Total revenues reached $411.8M, a 17.5% increase YoY.
- 2025 GAAP net income was $9.7M ($0.11 diluted EPS), up from $4.0M in 2024.
- 2025 Non-GAAP EBITDA was $53.8M, up from $52.5M in 2024.
- AI revenue exceeded $90M in 2025, growing 30% YoY.
- Board amended 2020 Equity Incentive Plan to eliminate repricing without stockholder approval.
- CEO and CFO did not receive long-term equity incentive awards in 2025.