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AI brief of an SEC Form 8-K · EPAM Systems (EPAM)

EPAM enters $500 million accelerated share repurchase agreement with UBS

Neutral Impact 4 of 5 shareholder

EPAM Systems entered a $500 million fixed dollar accelerated share repurchase agreement with UBS on November 9, 2026, under its $1.8 billion buyback authorization. The company received an initial delivery of 2,550,695 shares, about $400 million at the November 9 closing price, with final settlement expected in the first quarter of 2027. The final share count will depend on the volume-weighted average share price over the term of the agreement, less a discount.

Key points

  • Company pays $500 million to UBS under the ASR Agreement dated November 9, 2026
  • Initial delivery of 2,550,695 shares expected by November 10, 2026, worth $400 million at the November 9 closing price
  • Final settlement expected in the first quarter of 2027; final share count set on completion
  • Funded with cash on hand and borrowings under the existing credit facility

The filing

CompanyEPAM Systems (EPAM)
Form8-K, current report
Filed with the SECNov 9, 2026, 8:21 PM ET
Accession number0001352010-26-000057

Items reported: 1.01 Material Definitive Agreement

Read the filing on SEC.gov ↗

Written by AI on Nov 10, 2026, 6:06 AM ET, from this filing only.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.