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    <div style="text-align: center; font-weight: bold;">As filed with the Securities and Exchange Commission on May 28, 2025</div>
    <div style="text-align: right; font-weight: bold;">Registration No. 333-__________</div>
  </div>
  <hr align="center" style="border: none; border-bottom: 1px solid black; border-top: 4px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;">
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    <div style="text-align: center; font-size: 14pt; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">Washington, D.C. 20549</div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 18pt; font-weight: bold;">FORM S-8</div>
    <div style="text-align: center; font-weight: bold;">REGISTRATION STATEMENT UNDER</div>
    <div style="text-align: center; font-weight: bold;">THE SECURITIES ACT OF 1933</div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 24pt; font-weight: bold;">EPAM SYSTEMS, INC.</div>
    <div style="text-align: center;">(Exact Name of Registrant as specified in its charter)</div>
    <div>&#160;</div>
    <div style="text-align: center; font-weight: bold;">Not Applicable</div>
    <div style="text-align: center;">(Translation of Registrant&#8217;s name into English)</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" border="0" id="zb2ddd64cb0704570a0fa445bc941ea9b" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="text-align: center; font-weight: bold;">Delaware</div>
            <div style="text-align: center;">(State or other jurisdiction of incorporation or organization)</div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div style="text-align: center; font-weight: bold;">22-3536104</div>
            <div style="text-align: center;">(I.R.S. Employer Identification No.)</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: center; color: #000000; font-weight: bold;">EPAM Systems, Inc. 2025 Long Term Incentive Plan</div>
    <div style="text-align: center; margin-left: 5.4pt; font-size: 8pt;"><font style="font-size: 10pt; color: #000000;">(</font><font style="font-size: 10pt;">Full title of the plan)</font></div>
    <div>&#160;</div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">41 University Drive</div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Suite 202</div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Newtown, Pennsylvania 18940</div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">267-759-9000</div>
    <div style="text-align: center; margin-left: 5.4pt; color: rgb(0, 0, 0);">(Address, Including Zip Code, and Telephone Number, Including Area Code, of Registrant&#8217;s Principal Executive Offices)</div>
    <div><br>
    </div>
    <div>
      <hr noshade="noshade" align="center" style="height: 2px; width: 25%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
    <div>
      <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;"> <br>
      </div>
      <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Edward Rockwell</div>
      <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Senior Vice President, General Counsel and</div>
      <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Corporate Secretary</div>
      <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">EPAM Systems, Inc.</div>
      <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">41 University Drive, Suite 202</div>
      <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Newtown, Pennsylvania 18940</div>
    </div>
    <div>&#160;</div>
    <div style="text-align: center; margin-left: 5.4pt;">(Name, address, including zip code, and telephone number, including area code, of agent for service)</div>
    <div><br>
    </div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-style: italic; font-weight: bold;">Copies to:</div>
    <div style="text-align: center;"><font style="font-weight: bold;">Veronica Wissel</font> </div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Davis Polk &amp; Wardwell LLP</div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">450 Lexington Avenue</div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">New York, NY 10017</div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">+1 212 450-4000</div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;"> <br>
    </div>
    <div>
      <hr noshade="noshade" align="center" style="height: 2px; width: 15%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the
      definitions of &#8220;large accelerated filer,&#8221; &#8220;accelerated filer,&#8221; &#8220;smaller reporting company&#8221; and &#8220;emerging growth company&#8221; in Rule 12b-2 of the Exchange Act.</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" border="0" id="z06bf111da746468b87b53d4e540359a2" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 60%; vertical-align: top;">
            <div style="font-weight: bold;">Large accelerated filer &#9746;</div>
          </td>
          <td style="width: 35%; vertical-align: top;">
            <div style="font-weight: bold;">Accelerated filer &#9744;</div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 60%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 35%; vertical-align: top;" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 60%; vertical-align: top;">
            <div style="font-weight: bold;">Non-accelerated filer &#9744; (Do not check if a smaller reporting company)</div>
          </td>
          <td style="width: 35%; vertical-align: top;">
            <div style="font-weight: bold;">Smaller reporting company &#9744;</div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 60%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 35%; vertical-align: top;" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 60%; vertical-align: top;">&#160;</td>
          <td style="width: 35%; vertical-align: top;">
            <div style="font-weight: bold;">Emerging growth company &#9744;</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="color: rgb(0, 0, 0); font-weight: bold;">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 7(a)(2)(B) of the Securities Act. &#9744;</div>
    <div>&#160;</div>
    <div>
      <hr align="center" style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"> </div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: center; font-weight: bold;">PART I</div>
    <div style="text-align: center; font-weight: bold;">INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</div>
    <div><br>
    </div>
    <div style="color: #000000;">The documents containing the information specified in Item 1 and Item 2 of Part I of Form S-8 will be sent or given to participants as specified by Rule 428(b)(1) under the Securities Act. In accordance with the rules and
      regulations of the Securities and Exchange Commission (the &#8220;Commission&#8221;) and the instructions to Form S-8, such documents are not being filed with the Commission either as part of this Registration Statement or as prospectuses or prospectus
      supplements pursuant to Rule 424 under the Securities Act.</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">PART II</div>
    <div style="text-align: center; font-weight: bold;">INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="z7ab8790dd9fb43fb82509f08c770565c" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt; vertical-align: top; font-weight: bold;">Item 3.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Incorporation of Documents by Reference.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div>The following documents filed by the Registrant with the Commission are incorporated herein by reference:</div>
    <div><br>
    </div>
    <div style="margin-left: 9pt;">(a) The Registrant&#8217;s Annual Report on <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/0001352010/000135201025000007/epam-20241231.htm">Form 10-K</a> for the fiscal year ended December 31, 2024, filed with the
      Commission on February 28, 2025 (the &#8220;Annual Report&#8221;);</div>
    <div><br>
    </div>
    <div style="margin-left: 9pt;">(b) <font style="color: rgb(0, 0, 0);">The Registrant&#8217;s Quarterly Report on <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/0001352010/000135201025000015/epam-20250331.htm">Form 10-Q</a> for the quarter ended
        March 31, 2025, filed with the Commission on May 8, 2025;</font></div>
    <div><br>
    </div>
    <div style="margin-left: 9pt;">(c) All other reports filed pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the &#8220;<font style="font-weight: bold;">Exchange Act</font>&#8221;) since the end of the fiscal year covered by
      the document referred to in (a) above; and</div>
    <div><br>
    </div>
    <div style="margin-left: 9pt;">(d) The description of the Registrant&#8217;s common stock, filed as <a href="https://www.sec.gov/Archives/edgar/data/1352010/000135201025000007/exhibit42descriptionofther.htm">Exhibit 4.2</a> to the Registrant&#8217;s Annual Report
      on Form 10-K for the year ended December 31, 2024, filed with the Commission on February 28, 2025, and any amendments or reports filed for the purposes of updating such description.</div>
    <div><br>
    </div>
    <div style="color: #000000;">In addition, all documents subsequently filed by the Registrant with the Commission pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, prior to the filing of a post-effective amendment to this Registration
      Statement which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference in this Registration Statement and to be a part hereof from the date of
      the filing of such documents, except as to any portion of any future annual or quarterly report to stockholders or document or current report furnished under current Items 2.02 or 7.01 of Form 8-K that is not deemed filed under such provisions.</div>
    <div><br>
    </div>
    <div style="color: #000000;">Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement
      contained herein, or in any other subsequently filed document which also is incorporated or deemed to be incorporated by reference herein, modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except
      as so modified or superseded, to constitute a part of this Registration Statement.</div>
    <div style="text-indent: 18pt;"> <br>
    </div>
    <table cellspacing="0" cellpadding="0" id="zf7f6f12948f044c39f6d350eddfddf8f" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt; vertical-align: top; font-weight: bold;">Item 4.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Description of Securities.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div>Not applicable.</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="ze16a5600c4df4f7e88bbd28572b60d86" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt; vertical-align: top; font-weight: bold;">Item 5.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Interests of Named Experts and Counsel.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div>Not applicable.</div>
    <div><br>
    </div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <table cellspacing="0" cellpadding="0" id="zaec517033e8b40ea87d4e2e89cb2ae91" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt; vertical-align: top; font-weight: bold;">Item 6.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Indemnification of Directors and Officers.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-indent: 18pt;">Section 145 of the General Corporation Law of the State of Delaware (the &#8220;DGCL&#8221;) provides that a corporation may indemnify directors and officers as well as other employees and individuals against expenses (including
      attorneys&#8217; fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by such person in connection with any threatened, pending or completed actions, suits or proceedings in which such person is made a party by reason of
      such person being or having been a director, officer, employee or agent to the Registrant. The DGCL provides that Section 145 is not exclusive of other rights to which those seeking indemnification may be entitled under any bylaw, agreement, vote of
      stockholders or disinterested directors or otherwise.</div>
    <div>&#160;</div>
    <div style="text-indent: 24.5pt;"><font style="color: #000000;">The </font>Registrant<font style="color: rgb(0, 0, 0);">&#8217;s certificate of incorporation provides that no director or officer shall be liable to the </font>Registrant<font style="color: rgb(0, 0, 0);"> or its stockholders for monetary damages for breach of fiduciary duty as a director or officer, except to the extent such exemption from liability or limitation on liability is not permitted under the DGCL, as now in effect or as
        amended. Currently, Section 102(b)(7) of the DGCL requires that liability be imposed for the following:</font></div>
    <div><font style="color: rgb(0, 0, 0);"> </font><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" id="z230b76d4cee144eb834c5fc2eb8902f7" class="DSPFListTable">

          <tr style="vertical-align: top;">
            <td style="width: 18pt;">&#160;</td>
            <td style="text-align: right; vertical-align: top; width: 27pt;">
              <div style="text-align: left;">&#8226;</div>
            </td>
            <td style="text-align: left; vertical-align: top; width: auto;">
              <div>any breach of the director&#8217;s or officer&#8217;s duty of loyalty to the Registrant or its stockholders;</div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><font style="color: rgb(0, 0, 0);"></font><br>
    <div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" id="zb313787c094c49cca849876a5a0fb947" class="DSPFListTable">

            <tr style="vertical-align: top;">
              <td style="width: 18pt;">&#160;</td>
              <td style="text-align: right; vertical-align: top; width: 27pt;">
                <div style="text-align: left;">&#8226;</div>
              </td>
              <td style="text-align: left; vertical-align: top; width: auto;">
                <div>acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law;</div>
              </td>
            </tr>

        </table>
      </div>
      <div><font style="font-size: 8pt; color: rgb(0, 0, 0);"> </font><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" id="zd797af716a8e422588251a1e1589fc23" class="DSPFListTable">

            <tr style="vertical-align: top;">
              <td style="width: 18pt;">&#160;</td>
              <td style="text-align: right; vertical-align: top; width: 27pt;">
                <div style="text-align: left;">&#8226;</div>
              </td>
              <td style="text-align: left; vertical-align: top; width: auto;">
                <div>unlawful payments of dividends or unlawful stock repurchases or redemptions as provided in Section 174 of the DGCL; and</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="margin-left: 5.4pt;"><font style="font-size: 8pt; color: #000000;"> </font><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" id="zc7789da27118481bb45f71c3e5a5de0a" class="DSPFListTable">

            <tr style="vertical-align: top;">
              <td style="width: 18pt;">&#160;</td>
              <td style="text-align: right; vertical-align: top; width: 27pt;">
                <div style="text-align: left;">&#8226;</div>
              </td>
              <td style="text-align: left; vertical-align: top; width: auto;">
                <div>any transaction from which the director or officer derived an improper personal benefit.</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><font style="color: rgb(0, 0, 0);"> </font><br>
    </div>
    <div style="text-indent: 24.5pt;"><font style="color: #000000;">The </font>Registrant<font style="color: rgb(0, 0, 0);">&#8217;s certificate of incorporation includes provisions that authorize and require the </font>Registrant<font style="color: rgb(0, 0, 0);"> to indemnify its officers and directors to the fullest extent permitted under Delaware law, subject to limited exceptions. The </font>Registrant<font style="color: rgb(0, 0, 0);"> has separate indemnification agreements with its directors
        and executive officers, which require it to indemnify these individuals to the fullest extent permitted by applicable law against liabilities that may arise by reason of their service to the </font>Registrant<font style="color: rgb(0, 0, 0);">,
        and to advance expenses incurred as a result of any proceeding against them as to which they could be indemnified.</font></div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="z76369337bbd94b218e1a36087f0821e2" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt; vertical-align: top; font-weight: bold;">Item 7.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Exemption from Registration Claimed.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div>Not applicable.</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="z4d4c495ecf294ad8a8bec0db2f5b1ec6" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt; vertical-align: top; font-weight: bold;">Item 8.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Exhibits.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" border="0" id="z471ddaea4d06424e9e188e50b3532a7b" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 10%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">Exhibit</div>
            <div style="text-align: center; font-weight: bold;"> Number</div>
          </td>
          <td style="width: 90%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">Exhibit Description</div>
          </td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: center;"><a href="https://www.sec.gov/Archives/edgar/data/1352010/000135201025000021/exhibit31fourthamendedandr.htm">4.1</a></div>
          </td>
          <td style="width: 90%; vertical-align: middle; background-color: rgb(204, 238, 255);">
            <div>Certificate of Incorporation (incorporated herein by reference to Exhibit 3.1 to the Registrant&#8217;s Current Report on Form 8-K, SEC File No. 001-35418, filed May 27, 2025)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 90%; vertical-align: middle;" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: center;"><a href="https://www.sec.gov/Archives/edgar/data/1352010/000135201025000021/exhibit32amendedandrestate.htm">4.2</a></div>
          </td>
          <td style="width: 90%; vertical-align: middle; background-color: rgb(204, 238, 255);">
            <div>Amended and Restated Bylaws (incorporated by reference to Exhibit 3.2 to the Registrant&#8217;s Current Report on Form 8-K filed May 27, 2025, SEC file No. 001-35418)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 90%; vertical-align: middle;" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: center;"><a href="ef20049710_ex5-1.htm">5.1*</a></div>
          </td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>Opinion of Davis Polk &amp; Wardwell LLP</div>
          </td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 90%; vertical-align: top;" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: center;"><a href="ef20049710_ex23-1.htm">23.1*</a></div>
          </td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>Consent of Deloitte &amp; Touche LLP, Independent Registered Public Accounting Firm</div>
          </td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 90%; vertical-align: top;" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: center;"><a href="ef20049710_ex5-1.htm">23.2*</a></div>
          </td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>Consent of Davis Polk &amp; Wardwell LLP (included in Exhibit 5.1)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 90%; vertical-align: top;" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: center;"><a href="#POWEROFATTORNEY">24.1*</a></div>
          </td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>Power of Attorney (included in the signature pages hereto)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 90%; vertical-align: top;" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: center;"><a href="ef20049710_ex99-1.htm">99.1*</a></div>
          </td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="color: rgb(0, 0, 0);">EPAM Systems, Inc. 2025 Long Term Incentive Plan</div>
          </td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 90%; vertical-align: top;" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: middle; background-color: rgb(204, 238, 255);">
            <div style="text-align: center;"><a href="ef20049710_exfilingfees.htm">107.1*</a></div>
          </td>
          <td style="width: 90%; vertical-align: middle; background-color: rgb(204, 238, 255);">
            <div>Filing Fee Table</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div>*Filed herewith.</div>
    <div> <br>
    </div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <table cellspacing="0" cellpadding="0" id="zfae25dea3155477d91a0f5c6501674d9" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt; vertical-align: top; font-weight: bold;">Item 9.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Undertakings.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-indent: 18pt;">(a)&#160;&#160;&#160; The undersigned Registrant hereby undertakes:</div>
    <div style="text-indent: 18pt; margin-left: 18pt;">&#160;</div>
    <div style="text-indent: 18pt; margin-left: 18pt;">&#160;(1)&#160; To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:</div>
    <div>&#160;</div>
    <div style="text-indent: 18pt; margin-left: 36pt;">(i)&#160;&#160;&#160; To include any prospectus required by Section 10(a)(3) of the Securities Act;</div>
    <div>&#160;</div>
    <div style="text-indent: 18pt; margin-left: 36pt;">(ii)&#160;&#160; To reflect in the prospectus any facts or events arising after the effective date of this Registration Statement (or the most recent post-effective amendment thereof) which, individually or in
      the aggregate, represent a fundamental change in the information set forth in this Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would
      not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in
      volume and price represent no more than a 20 percent change in the maximum aggregate offering price set forth in the &#8220;Calculation of Registration Fee&#8221; table in the effective Registration Statement; and</div>
    <div>&#160;</div>
    <div style="text-indent: 18pt; margin-left: 36pt;">(iii)&#160; To include any material information with respect to the Plans not previously disclosed in this Registration Statement or any material change to such information in this Registration Statement;</div>
    <div>&#160;</div>
    <div style="margin-left: 18pt;"><font style="font-style: italic;">provided</font>, <font style="font-style: italic;">however</font>, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information required to be included in a post-effective
      amendment by those paragraphs is contained in periodic reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in this Registration Statement.</div>
    <div>&#160;</div>
    <div style="text-indent: 18pt; margin-left: 18pt;">&#160;(2)&#160; That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities
      offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</div>
    <div>&#160;</div>
    <div style="text-indent: 18pt; margin-left: 18pt;">&#160;(3) &#160; To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.</div>
    <div>&#160;</div>
    <div style="text-indent: 18pt;">(b)&#160; &#160; The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant&#8217;s annual report pursuant to Section 13(a) or Section 15(d) of
      the Exchange Act (and, where applicable, each filing of an employee benefit plan&#8217;s annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in this Registration Statement shall be deemed to be a new registration
      statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</div>
    <div>&#160;</div>
    <div style="text-indent: 18pt;">(c)&#160;&#160;&#160; Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the
      Registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such
      liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer, or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or
      controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question of
      whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.</div>
    <div><br>
    </div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: center; color: #000000; font-weight: bold;">SIGNATURES</div>
    <div style="text-align: center;"><font style="color: #000000;"> </font><br>
    </div>
    <div><font style="color: #000000;">Pursuant to the requirements of the Securities Act of 1933, the </font>Registrant<font style="color: rgb(0, 0, 0);"> certifies that it has reasonable grounds to believe that it meets all of the requirements for
        filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Newtown, Commonwealth of Pennsylvania, on the date of May 28, 2025.</font></div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" id="z0174b44a2c1d4cc4a7921da89f9dd10b" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 40%; vertical-align: top;"><br>
          </td>
          <td style="vertical-align: top;" colspan="3">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">EPAM SYSTEMS, INC.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 40%; vertical-align: middle;"><br>
          </td>
          <td style="width: 4%; vertical-align: middle;"><br>
          </td>
          <td style="vertical-align: middle;" colspan="2"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 40%; vertical-align: top;"><br>
          </td>
          <td style="width: 4%; vertical-align: top;">
            <div style="color: rgb(0, 0, 0);">By:</div>
          </td>
          <td style="width: 46%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: rgb(0, 0, 0);">&#160;&#160;/s/ Arkadiy Dobkin</div>
          </td>
          <td style="width: 10%; vertical-align: top;"><br>
          </td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 40%; vertical-align: middle;"><br>
          </td>
          <td style="width: 4%; vertical-align: top;"><br>
          </td>
          <td style="width: 5%; vertical-align: top;" rowspan="1">
            <div style="color: rgb(0, 0, 0);">Name:&#160;&#160; <br>
            </div>
          </td>
          <td style="width: 51%; vertical-align: top;" rowspan="1">Arkadiy Dobkin</td>
        </tr>
        <tr>
          <td style="width: 40%; vertical-align: middle;"><br>
          </td>
          <td style="width: 4%; vertical-align: top;"><br>
          </td>
          <td style="width: 5%; vertical-align: top;" rowspan="1">
            <div style="color: rgb(0, 0, 0);">Title:&#160;&#160;&#160;&#160; <br>
            </div>
          </td>
          <td style="width: 51%; vertical-align: top;" rowspan="1">Chairman, Chief Executive Officer and President</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: center; color: #000000; font-weight: bold;"><a name="POWEROFATTORNEY"><!--Anchor--></a>POWER OF ATTORNEY</div>
    <div><br>
    </div>
    <div><font style="color: #000000;">KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Arkadiy Dobkin, Jason Peterson and Edward Rockwell and each of them, individually, as his or her true
        and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, in connection with this Registration Statement, including to sign in the
        name and on behalf of the undersigned, this Registration Statement</font> and any and all amendments thereto, including post-effective amendments and registrations filed pursuant to Rule 462(b) of the Securities Act of 1933, as amended, and to file
      the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents full power and authority to do and perform each and every act and thing
      requisite and desirable to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents or his or her substitute, may
      lawfully do or cause to be done by virtue hereof.</div>
    <div><br>
    </div>
    <div style="color: #000000;">Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated:</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" id="z48597fc0b7274e668258091a81f0b1b1" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 34%; vertical-align: top;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Signature</div>
          </td>
          <td style="width: 32.56%; vertical-align: top;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Title</div>
          </td>
          <td style="width: 32.56%; vertical-align: top;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Date</div>
          </td>
        </tr>
        <tr>
          <td style="width: 34%; vertical-align: top;"><br>
          </td>
          <td style="width: 32.56%; vertical-align: top;"><br>
          </td>
          <td style="width: 32.56%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 34%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: rgb(0, 0, 0);">/s/ Arkadiy Dobkin</div>
          </td>
          <td style="width: 32.56%; vertical-align: top;">
            <div style="text-align: center; color: rgb(0, 0, 0);">Chairman, Chief Executive </div>
            <div style="text-align: center; color: rgb(0, 0, 0);">Officer and President</div>
          </td>
          <td style="width: 32.56%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: rgb(0, 0, 0);">May 28, 2025</div>
          </td>
        </tr>
        <tr>
          <td style="width: 34%; vertical-align: top;">
            <div style="text-align: center; color: rgb(0, 0, 0);">Arkadiy Dobkin</div>
          </td>
          <td style="width: 32.56%; vertical-align: top;">
            <div style="text-align: center; color: rgb(0, 0, 0);">(Principal Executive Officer)</div>
          </td>
          <td style="width: 32.56%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 34%; vertical-align: top;"><br>
          </td>
          <td style="width: 32.56%; vertical-align: top;"><br>
          </td>
          <td style="width: 32.56%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 34%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: rgb(0, 0, 0);">/s/ Jason Peterson</div>
          </td>
          <td style="width: 32.56%; vertical-align: top;">
            <div style="text-align: center; color: rgb(0, 0, 0);">Senior Vice President, Chief </div>
            <div style="text-align: center; color: rgb(0, 0, 0);">Financial Officer and Treasurer</div>
          </td>
          <td style="width: 32.56%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: rgb(0, 0, 0);">May 28, 2025</div>
          </td>
        </tr>
        <tr>
          <td style="width: 34%; vertical-align: top;">
            <div style="text-align: center;">Jason Peterson</div>
          </td>
          <td style="width: 32.56%; vertical-align: top;">
            <div style="text-align: center;">(Principal Financial Officer)</div>
          </td>
          <td style="width: 32.56%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 34%; vertical-align: top;"><br>
          </td>
          <td style="width: 32.56%; vertical-align: top;"><br>
          </td>
          <td style="width: 32.56%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 34%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: rgb(0, 0, 0);">/s/ Gary Abrahams</div>
          </td>
          <td style="width: 32.56%; vertical-align: top;">
            <div style="text-align: center; color: rgb(0, 0, 0);">Vice President, Corporate </div>
            <div style="text-align: center; color: rgb(0, 0, 0);">Controller, Chief Accounting Officer</div>
          </td>
          <td style="width: 32.56%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: rgb(0, 0, 0);">May 28, 2025</div>
          </td>
        </tr>
        <tr>
          <td style="width: 34%; vertical-align: top;">
            <div style="text-align: center; color: rgb(0, 0, 0);">Gary Abrahams</div>
          </td>
          <td style="width: 32.56%; vertical-align: top;">
            <div style="text-align: center; color: rgb(0, 0, 0);">(Principal Accounting Officer)</div>
          </td>
          <td style="width: 32.56%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 34%; vertical-align: top;"><br>
          </td>
          <td style="width: 32.56%; vertical-align: top;"><br>
          </td>
          <td style="width: 32.56%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 34%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: rgb(0, 0, 0);">/s/ Chandra McMahon</div>
          </td>
          <td style="width: 32.56%; vertical-align: top;"><br>
          </td>
          <td style="width: 32.56%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: rgb(0, 0, 0);">May 28, 2025</div>
          </td>
        </tr>
        <tr>
          <td style="width: 34%; vertical-align: top;">
            <div style="text-align: center;">Chandra McMahon</div>
          </td>
          <td style="width: 32.56%; vertical-align: top;">
            <div style="text-align: center; color: rgb(0, 0, 0);">Director</div>
          </td>
          <td style="width: 32.56%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 34%; vertical-align: top;"><br>
          </td>
          <td style="width: 32.56%; vertical-align: top;"><br>
          </td>
          <td style="width: 32.56%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 34%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: rgb(0, 0, 0);">/s/ DeAnne Aguirre</div>
          </td>
          <td style="width: 32.56%; vertical-align: top;"><br>
          </td>
          <td style="width: 32.56%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: rgb(0, 0, 0);">May 28, 2025</div>
          </td>
        </tr>
        <tr>
          <td style="width: 34%; vertical-align: top;">
            <div style="text-align: center;">DeAnne Aguirre</div>
          </td>
          <td style="width: 32.56%; vertical-align: top;">
            <div style="text-align: center; color: rgb(0, 0, 0);">Director</div>
          </td>
          <td style="width: 32.56%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 34%; vertical-align: top;"><br>
          </td>
          <td style="width: 32.56%; vertical-align: top;"><br>
          </td>
          <td style="width: 32.56%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 34%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: rgb(0, 0, 0);">/s/ Eugene Roman</div>
          </td>
          <td style="width: 32.56%; vertical-align: top;"><br>
          </td>
          <td style="width: 32.56%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: rgb(0, 0, 0);">May 28, 2025</div>
          </td>
        </tr>
        <tr>
          <td style="width: 34%; vertical-align: top;">
            <div style="text-align: center; color: rgb(0, 0, 0);">Eugene Roman</div>
          </td>
          <td style="width: 32.56%; vertical-align: top;">
            <div style="text-align: center; color: rgb(0, 0, 0);">Director</div>
          </td>
          <td style="width: 32.56%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 34%; vertical-align: top;"><br>
          </td>
          <td style="width: 32.56%; vertical-align: top;"><br>
          </td>
          <td style="width: 32.56%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 34%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: rgb(0, 0, 0);">/s/ Helen Shan</div>
          </td>
          <td style="width: 32.56%; vertical-align: top;"><br>
          </td>
          <td style="width: 32.56%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: rgb(0, 0, 0);">May 28, 2025</div>
          </td>
        </tr>
        <tr>
          <td style="width: 34%; vertical-align: top;">
            <div style="text-align: center; color: rgb(0, 0, 0);">Helen Shan</div>
          </td>
          <td style="width: 32.56%; vertical-align: top;">
            <div style="text-align: center; color: rgb(0, 0, 0);">Director</div>
          </td>
          <td style="width: 32.56%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 34%; vertical-align: top;"><br>
          </td>
          <td style="width: 32.56%; vertical-align: top;"><br>
          </td>
          <td style="width: 32.56%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 34%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: rgb(0, 0, 0);">/s/ Jill B. Smart</div>
          </td>
          <td style="width: 32.56%; vertical-align: top;"><br>
          </td>
          <td style="width: 32.56%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: rgb(0, 0, 0);">May 28, 2025</div>
          </td>
        </tr>
        <tr>
          <td style="width: 34%; vertical-align: top;">
            <div style="text-align: center;">Jill B. Smart</div>
          </td>
          <td style="width: 32.56%; vertical-align: top;">
            <div style="text-align: center; color: rgb(0, 0, 0);">Director</div>
          </td>
          <td style="width: 32.56%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 34%; vertical-align: top;">&#160;</td>
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[{"type": "S-8", "sequence": "1", "filename": "ef20049710_s8.htm", "description": "S-8", "secsgml_size_bytes": 55486}]
{"company-data": {"conformed-name": "EPAM Systems, Inc.", "cik": "0001352010", "assigned-sic": "7371", "organization-name": "06 Technology", "ein": "223536104", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-287628", "film-number": "25996686"}, "business-address": {"street1": "41 UNIVERSITY DRIVE", "street2": "SUITE 202", "city": "NEWTOWN", "state": "PA", "zip": "18940", "phone": "(267) 759-9000"}, "mail-address": {"street1": "41 UNIVERSITY DRIVE", "street2": "SUITE 202", "city": "NEWTOWN", "state": "PA", "zip": "18940"}, "former-company": {"former-conformed-name": "EPAM SYSTEMS INC", "date-changed": "20060202"}}
As filed with the Securities and Exchange Commission on May 28, 2025
Registration No. 333-__________
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT UNDER
THE SECURITIES ACT OF 1933
EPAM SYSTEMS, INC.
(Exact Name of Registrant as specified in its charter)
Not Applicable
(Translation of Registrant's name into English)
Delaware
(State or other jurisdiction of incorporation or organization)
22-3536104
(I.R.S. Employer Identification No.)
EPAM Systems, Inc. 2025 Long Term Incentive Plan
(
Full title of the plan)
41 University Drive
Suite 202
Newtown, Pennsylvania 18940
267-759-9000
(Address, Including Zip Code, and Telephone Number, Including Area Code, of Registrant's Principal Executive Offices)
Edward Rockwell
Senior Vice President, General Counsel and
Corporate Secretary
EPAM Systems, Inc.
41 University Drive, Suite 202
Newtown, Pennsylvania 18940
(Name, address, including zip code, and telephone number, including area code, of agent for service)
Copies to:
Veronica Wissel
Davis Polk & Wardwell LLP
450 Lexington Avenue
New York, NY 10017
+1 212 450-4000
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the
      definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act.
Large accelerated filer ☒
Accelerated filer ☐
Non-accelerated filer ☐ (Do not check if a smaller reporting company)
Smaller reporting company ☐
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 7(a)(2)(B) of the Securities Act. ☐
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
The documents containing the information specified in Item 1 and Item 2 of Part I of Form S-8 will be sent or given to participants as specified by Rule 428(b)(1) under the Securities Act. In accordance with the rules and
      regulations of the Securities and Exchange Commission (the "Commission") and the instructions to Form S-8, such documents are not being filed with the Commission either as part of this Registration Statement or as prospectuses or prospectus
      supplements pursuant to Rule 424 under the Securities Act.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3.
Incorporation of Documents by Reference.
The following documents filed by the Registrant with the Commission are incorporated herein by reference:
(a) The Registrant's Annual Report on
Form 10-K
for the fiscal year ended December 31, 2024, filed with the
      Commission on February 28, 2025 (the "Annual Report");
(b)
The Registrant's Quarterly Report on
Form 10-Q
for the quarter ended
        March 31, 2025, filed with the Commission on May 8, 2025;
(c) All other reports filed pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the "
Exchange Act
") since the end of the fiscal year covered by
      the document referred to in (a) above; and
(d) The description of the Registrant's common stock, filed as
Exhibit 4.2
to the Registrant's Annual Report
      on Form 10-K for the year ended December 31, 2024, filed with the Commission on February 28, 2025, and any amendments or reports filed for the purposes of updating such description.
In addition, all documents subsequently filed by the Registrant with the Commission pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, prior to the filing of a post-effective amendment to this Registration
      Statement which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference in this Registration Statement and to be a part hereof from the date of
      the filing of such documents, except as to any portion of any future annual or quarterly report to stockholders or document or current report furnished under current Items 2.02 or 7.01 of Form 8-K that is not deemed filed under such provisions.
Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement
      contained herein, or in any other subsequently filed document which also is incorporated or deemed to be incorporated by reference herein, modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except
      as so modified or superseded, to constitute a part of this Registration Statement.
Item 4.
Description of Securities.
Not applicable.
Item 5.
Interests of Named Experts and Counsel.
Not applicable.
Item 6.
Indemnification of Directors and Officers.
Section 145 of the General Corporation Law of the State of Delaware (the "DGCL") provides that a corporation may indemnify directors and officers as well as other employees and individuals against expenses (including
      attorneys' fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by such person in connection with any threatened, pending or completed actions, suits or proceedings in which such person is made a party by reason of
      such person being or having been a director, officer, employee or agent to the Registrant. The DGCL provides that Section 145 is not exclusive of other rights to which those seeking indemnification may be entitled under any bylaw, agreement, vote of
      stockholders or disinterested directors or otherwise.
The
Registrant
's certificate of incorporation provides that no director or officer shall be liable to the
Registrant
or its stockholders for monetary damages for breach of fiduciary duty as a director or officer, except to the extent such exemption from liability or limitation on liability is not permitted under the DGCL, as now in effect or as
        amended. Currently, Section 102(b)(7) of the DGCL requires that liability be imposed for the following:
•
any breach of the director's or officer's duty of loyalty to the Registrant or its stockholders;
•
acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law;
•
unlawful payments of dividends or unlawful stock repurchases or redemptions as provided in Section 174 of the DGCL; and
•
any transaction from which the director or officer derived an improper personal benefit.
The
Registrant
's certificate of incorporation includes provisions that authorize and require the
Registrant
to indemnify its officers and directors to the fullest extent permitted under Delaware law, subject to limited exceptions. The
Registrant
has separate indemnification agreements with its directors
        and executive officers, which require it to indemnify these individuals to the fullest extent permitted by applicable law against liabilities that may arise by reason of their service to the
Registrant
,
        and to advance expenses incurred as a result of any proceeding against them as to which they could be indemnified.
Item 7.
Exemption from Registration Claimed.
Not applicable.
Item 8.
Exhibits.
Exhibit
Number
Exhibit Description
4.1
Certificate of Incorporation (incorporated herein by reference to Exhibit 3.1 to the Registrant's Current Report on Form 8-K, SEC File No. 001-35418, filed May 27, 2025)
4.2
Amended and Restated Bylaws (incorporated by reference to Exhibit 3.2 to the Registrant's Current Report on Form 8-K filed May 27, 2025, SEC file No. 001-35418)
5.1*
Opinion of Davis Polk & Wardwell LLP
23.1*
Consent of Deloitte & Touche LLP, Independent Registered Public Accounting Firm
23.2*
Consent of Davis Polk & Wardwell LLP (included in Exhibit 5.1)
24.1*
Power of Attorney (included in the signature pages hereto)
99.1*
EPAM Systems, Inc. 2025 Long Term Incentive Plan
107.1*
Filing Fee Table
*Filed herewith.
Item 9.
Undertakings.
(a)    The undersigned Registrant hereby undertakes:
(1)  To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:
(i)    To include any prospectus required by Section 10(a)(3) of the Securities Act;
(ii)   To reflect in the prospectus any facts or events arising after the effective date of this Registration Statement (or the most recent post-effective amendment thereof) which, individually or in
      the aggregate, represent a fundamental change in the information set forth in this Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would
      not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in
      volume and price represent no more than a 20 percent change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective Registration Statement; and
(iii)  To include any material information with respect to the Plans not previously disclosed in this Registration Statement or any material change to such information in this Registration Statement;
provided
,
however
, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information required to be included in a post-effective
      amendment by those paragraphs is contained in periodic reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in this Registration Statement.
(2)  That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities
      offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(3)   To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
(b)    The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant's annual report pursuant to Section 13(a) or Section 15(d) of
      the Exchange Act (and, where applicable, each filing of an employee benefit plan's annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in this Registration Statement shall be deemed to be a new registration
      statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(c)    Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the
      Registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such
      liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer, or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or
      controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question of
      whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
Registrant
certifies that it has reasonable grounds to believe that it meets all of the requirements for
        filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Newtown, Commonwealth of Pennsylvania, on the date of May 28, 2025.
EPAM SYSTEMS, INC.
By:
/s/ Arkadiy Dobkin
Name:
Arkadiy Dobkin
Title:
Chairman, Chief Executive Officer and President
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Arkadiy Dobkin, Jason Peterson and Edward Rockwell and each of them, individually, as his or her true
        and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, in connection with this Registration Statement, including to sign in the
        name and on behalf of the undersigned, this Registration Statement
and any and all amendments thereto, including post-effective amendments and registrations filed pursuant to Rule 462(b) of the Securities Act of 1933, as amended, and to file
      the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents full power and authority to do and perform each and every act and thing
      requisite and desirable to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents or his or her substitute, may
      lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated:
Signature
Title
Date
/s/ Arkadiy Dobkin
Chairman, Chief Executive
Officer and President
May 28, 2025
Arkadiy Dobkin
(Principal Executive Officer)
/s/ Jason Peterson
Senior Vice President, Chief
Financial Officer and Treasurer
May 28, 2025
Jason Peterson
(Principal Financial Officer)
/s/ Gary Abrahams
Vice President, Corporate
Controller, Chief Accounting Officer
May 28, 2025
Gary Abrahams
(Principal Accounting Officer)
/s/ Chandra McMahon
May 28, 2025
Chandra McMahon
Director
/s/ DeAnne Aguirre
May 28, 2025
DeAnne Aguirre
Director
/s/ Eugene Roman
May 28, 2025
Eugene Roman
Director
/s/ Helen Shan
May 28, 2025
Helen Shan
Director
/s/ Jill B. Smart
May 28, 2025
Jill B. Smart
Director
/s/ Karl Robb
May 28, 2025
Karl Robb
Director
/s/ Richard Michael Mayoras
May 28, 2025
Richard Michael Mayoras
Director
/s/ Robert E. Segert
May 28, 2025
Robert E. Segert
Director
/s/ Ronald P. Vargo
May 28, 2025
Ronald P. Vargo
Director