!""#$%#&'#"(%#')&
&
#""*+,*'-&./&01!2340&567485&&
#9:;<6=&64:=:>?&
!
!"#$%&'(()*!"#$%&%'%(!)%*%)&+,-+&.&!
/#&!0%&!1%-2!,34-5!$30-#$! 6!27!8#$%&%'%(!)%*%)&+,-+&.&!%9#&%&:!
+',(-&.-%&'(()/),*!;585&!(%<38$385=!-3,$+'=!4+>%)+(=!237(#'?@2!8$#3&3$=!)#2%(#&3-%'#!8@=!
#@)&37%$!A!9B'#-$%8%!C,@&@!23))#!+-3&3,D=!4+-%#$%-#(!7-%,+-!E666=!$%$3()%+,8%$=!$3-,:&
&
@A& 346B:& CA446=06D6& 76E4606<6=& F=B8& 7A& !""#$%#& '#"(%#')$)& <3CC6543B8&
GCADA=A;H&IJ=CJ&K3;3=&3I3=&F=8043&7341348>&3I8>08C58<3>?&
&
!"#!$$%&'%"(%$)'%(*&*"+%#$%,*&*-."/%0%"+1&2%"(3#2%2"1#!'%,%")0(),%4"5!,%6)$)2+)&)-."
7832")$%93"+12!$%2*&*-"1$!2+%:"$;(<3&"51#(12!&!-%"93,%"3=-%=*&*-%"5%&*>*&*-."
!")$%4"#)>)+3$"1$%2%#"+)-)&")4)&"2343(3"35)$')>()2:"6%>#%$%2*&%"932'3,)&)-."
!")$%=*&"#!$$%&*'*"+*2%+*&5%:"51#(12%"93,%"0%+(%&3,3"?)(()8)&)-53"6!")$%=*"#!$$%&5*8*&*-*"
51#(12!&!-%"+@,$3,)&)-."
!"(%$)'%((%",%-*$%&$%2%"%,&3&"!,!&!-."A$%4"0%##*&5%"+)-3"@&32)$3&"51-!&"5*>*&5%"01"2)"%
3)0'%(141""51-"#!$$%&'%,*&*-."
!
@A& A446=06&'643065:=<6L!
!
56%788 9: ;<%$)(#,%3)%$)%#=#$%">//'$-/-,?%
@6%788 9: ;<A#%">//'$&'('$%B$.)%(#""'!%)(#/&)2#%C),)")$/),%
D6%788 9: ;<%$'2-/%">//'$-/-,?%
E6%F/'2-%0'$%)!"#/),%$)/),(#,?%
G6%788 9: ;<A#$%2'"/'$&'2-!
&
@6E4:C46>:&D8>&6406C56<:>?!
!
.?&#""*+,*'-&=8<3>&M8%=8&3I3=&CA446=:4:>N&
FGGAH"AIJ=! ,@$@)3=! 6=! K6!># ! L6!$ 30-#$-%,! 0-%8$#&! 3203-3M-3&)3! 8@(@-@&:! I30-#$-#&=! 0#?3'!
>#?3! *#2#(! *#2#(! 0#?3'! &#(,-%=! *#&! %,%! $3&315! 0+20#-%=! 0%&! ?.'.()#! 8(N 6! -+7+8@! 0@-@(3(=!
?@>3&-3,!1%-2!,34-5!$30-#$-#&!<#,-%()#)%&:!!
!
FGGAH"AIJ=!3-#&M%,!(#'-#=!2.'2%(!(#)#(%!0%-%(2#?#(!,@&)#<#(!>#!,3<5($5-3&5(!$#)3>%8%()#!
,@--3(5-3(!0%&!%-39$5&:!
!
FGGAH"AIJ! 6!27!1%-2!$30-#$O!
E!?3<!>#!.8$.!9+P@,-3&)3!>#!#&%<,%(-#&)#O!
! F-#&M%,!(#'-#(%(!0@&@(!>#!7B'!%-#!%-7%-%!0#-%&$%-#&%(%(!$#)3>%8%()#=!,&+(%,!%)%+43$%,!.&$%,#&%(!
C2.'2%(!(#)#(%!0%-%(2#?#(!,@&)#<#(D!>#!,3<5($5(5(!0#-%&$%-#&%(%(!$#)3>%8%()#!,@--3(5-5&:!
!
O?&#""*+,*'-P3&CA446=06<6=&F=B8&<3CC65&8<3408K3&18>8C8=48>%%
#""*+,*'-P3&6E69:<6C3&<A>A046><6& !""#$%#Q)$)R&
FGGAH"AIJQ%(! #$,%(! 23))#8%(#! >#?3! ?3&)52P5! 23))#-#&)#(! *#&*3(7%! 0%&%(#=!
*%)&+,8%'%(#!>#?3!4%4#&3'%(!$.&#>-#&%(#!,3&<5!3<5&5!)@?3&-5-5,!B?,.(.'!>3&83=!
!
!
FR5&! 0B0&#,! ?#$2#'-%R%(%'! C,&#3$%(%(! ,-#&#(8%(%'%(! C0B0&#,! 1+(,8%?+(-3&5(5! %'-#2#,! %9%(!
,@--3(5-3(! 0%&! 23))#! +-3(! ,&#3$%(%(%(! 0B0&#,-#&! 3&3P5-5R5?-3! ,3()3(! $#2%'-#(2#8%D! 6!
2-N),Q(5(!3-$5()3!+-)@R@!0B0&#,!?#$2#'-%R%D!>3&!%8#!0@!%-3P5!,@--3(23?5(5':!
AR#&! )3*3! B(P#)#(! )+,$+&@(@'! $3&315()3(! 03'5! <#,#&-#&#! ,3&<5! $+-#&3(85(5'! +-23)5R5! C0@!
$.&! <#,#&-#&#! )@?3&-5! +-)@R@(@'D! 8B?-#(2%<8#=! 0@! $500%! .&.(.! 3-23)3(! B(P#! 2@$-3,3!
)+,$+&@(@'-3!$#2383!7#9%(%':!
!
#""*+,*'-P3&6E69:<6C3&<A>A046><6&S(
#'"(& !""#$)$)R&&!
FGGAH"AIJQ%!3-,+--#!0%&-%,$#!3-5?+&83(5'!)%,,3$-%!+-@(@':!
S)&3&3! 95,23! 4&+0-#2-#&%(%'! >3&83! C+2@&%-%,! 4&+0-#2-#&%! ?3! )3! 4&+8$3$! >#?3! 2#83(#!
4&+0-#2-#&%D!)+,$+&@(@'3!)3(5<5(5':!
F-#&M%! $#8$%! ?34$5&23(5'! 7#&#,%?+&83=! $#8$$#(! 0%&,39! 7.(! B(P#! FGGAH"AIJ! %-#! $#)3>%?%!
,#8%4! ,#82#?#P#R%(%'%! )+,$+&@(@'3! )3(5<5(5':! FGGAH"AIJ! 3-#&M%! $#8$%(%(! 8+(@9-3&5(5!
#$,%-#?#0%-%&:%
!
T@! @?3&5-3&! 7#92%<$#,%! *#&*3(7%! 0%&! )B(#2)#! )3*%! +-83! 8%'%(! %9%(! 7#9#&-%?8#! -.$1#(!
)+,$+&@(@'3!)3(5<5(5':!
!
#""*+,*'-P3=&D3D8B8C&M8&3I8B8C&348!CA446=:406K:&
FGGAH"AIJQ%!39!>#?3!$+,!,3&(5(3!3-30%-%&8%(%':!
!
T6034843C&
A$%=*"#!$$%&'%5%&"@&=3"51#(12!&!-%"93,%"3=-%=*&*-%"5%&*>*&*-.%
"#$%&%'%(!)%*%)&+,-+&.&.(!*32%-#!,3)5(-3&)3!,@--3(525(3!%-%<,%(!2#>P@$!,-%(%,!>#&%!9+,!3')5&:!
/3?>3(! 93-5<23-3&5! '3&3&-5! 0%&! #$,%! 7B8$#&2#2%<! +-83! )3! 8#$%&%'%(! )%*%)&+,-+&.&.(! *32%-#-%,!
0+?@(P3!3(P3,!2@$-3,!7#&#,-%!+-)@R@()3!>#!)%,,3$-#!,@--3(5-2385!B(#&%-%&:!!!
B35%9)&)-" +*2%+*&5%" 0%')$3" 1$5!8!&!-!" <%2#" 3532+3&)-" 03'3&" 51#(12!&!-%" 93,%" 3=-%=*&*-%"
5%&*>*&*-."
!
*0;3>08&
363R)&)-)"3'-)2),12+%&*-")$%=*"#!$$%&'%5%&"@&=3"51#(12!&!-%"93,%"3=-%=*&*-%"5%&*>*&*-.%
FGGAH"AIJQ%(! %9#&%R%()#,%! #$,%(! 23))#! C8#$%&%'%(D! 3((#! 8.$.(#! 7#9$%R%()#(! #2'%&#(!
3((#-#&%(!FGGAH"AIJQ%!,@--3(2385!B(#&%-2#':!
!!
#>6I&M8&06C3=8&CA446=:0:&
U(#&%-#(! 6!27!)+')3!8#$%&%'%(!)%*%)&+,-+&.&&3&39!,@--3(23!0#P#&%8%=!@?,@?3!)3-23!>#!8%2@-#!
2+($3M! *3$$5! C%-3P5(! @?@<@,-@,N@?,@! *3-%! #$,%8%(%! B-92#)#! ,@--3(5-3(=! 7#&9#,! %<! +&$325()3,%!
4#&1+&23(85! $#28%-! #)#(=! 0%-7%83?3&-3! ?345-3(! >#! @?,@! *3-%()#,%! $.2! )#R%<,#(-#&#! *38838!
B-9.2!$#8$%D!>#&%2-%-%R%(#!,-%(%,$#!3(-32-5!#$,%!7B8$#&2#2%<$%&:!
!
F&39! ,@--3(23?5! 4-3(-3?3(=! 4+$3(8%?#-! +-3&3,! $#*-%,#-%! %<-#&)#! 93-5<3(! >#! 23,%(#! ,@--3(3(!
*38$3-3&=!B(#&%-#(!)+'@!3<2323-5!>#!%-3P3!>#&)%,-#&%!?3(5$5!)%,,3$#!3-23-5)5&-3&:!T@!$%4!)@?3&-5!
*38$3-3&)3=!FGGAH"AIJQ%(!3-,+-!>#?3!)%R#&!83($&3-!8%(%&!8%8$#2%!)#4&#83(-3&5!C038,5-3?5P5-3&5D!
%-#!#<'323(-5!,@--3(525=!@?3(5,-5,$3!3'3-23?3!>#!4#&1+&23(8!0+'@,-@R@(3!?+-!3930%-%&:!
!
#""*+,*'-P3=&3I8>393=<8&7A4A=6=&76;:&D6><:0B:&06<<848>&U6CC:=<6&F=8043&7341348>&
FGGAH"AIJQ%(! %9#&%R%()#! -3,$+'! 0@-@(@&:! AR#&! )+,$+&@(@'=! 03'5! <#,#&! 9#<%$-#&%(#! ,3&<5!
*38838!+-)@R@(@'@!0#-%&$2%<8#=!0@!%-3P5!,@--3(23)3(!B(P#!)+,$+&@(@'3!)3(5<5(5':!
!
&
K!
!
S398>&346I46>&348&73>43C58&CA446=:0:&&
FGGAH"AIJQ%(!)%R#&!%-39-3&-3=!0%-%(#(=!,-%(%,$#!3(-32-5!0%&!#$,%-#<%2%!?+,$@&:%
!
7832"2343(3$)",%"5%"2343(3+)-"0320%&?)"6)2")$%=*">!"%&5%"#!$$%&*,12+%&*-"93,%"+1&"-%'%&$%25%"
#!$$%&5*&*-")+3"$;(<3&"51#(12!&!-%"93,%"3=-%=*&*-%"6!&$%2"0%##*&5%"6)$?)"932)&)-.!!
&
V?&#""*+,*'-&=6K:4&CA446=:4:>N&
!D1A=&CA446=:0&M8&<G;WAD1A4606&K:C4:9:&3I3=&564306546>L&
H%0'4%3)%12!1%=I.>"/',('%3)% ),#4"#$/),()*&"#24$+2-3&5(!<%))#$%(#! 7B&#! 7.()#!0%&!,#'!V!27!
C NK!$30-#$D!>#?3! 6!27!C !$0D!@?7@-3(5&:!
!
!D1A4606&DG4A&M8&085G<AL&!
FGGAH"AI"&I30-#$!3R5')3(!,@--3(52!%9%()%&:!
FGGAH"AI"&I30-#$%!?#$#&-%!2%,$3&)3!85>5!CB&(:!0%&!03&)3,!8@D!%-#!?@$@(@':&
&
S893E3C&D6E&1>AX46>:L!
YGBAC46><6&CA446=:0:L&E! ?3<!3-$5!9+P@,-3&)3!FGGAH"AI"! 6!27!W%-2!I30-#$Q%(!,@--3(525!
B(#&%-2#'! 9.(,.! 0@! 1+&2.-38?+(! )+R&@! )+'! 3)34$38?+(@(3! %'%(! >#&2#2#,$#)%&:! T@!
4+4.-38?+(! %9%(! FGGAH"AI"! X@&@4! ! 27N2-! >#?3! FGGAH"AI"! Y&3-! Z32-3! 6! 27N2-!
1+&2-3&5!,@--3(5-30%-%&:!
&
Q6E4:46><6&CA446=:0:L&TB0&#,!%<-#>%!(+&23-8#!)+'@(!3'3-$5-2385(3!7#&#,!?+,$@&:!
!
Z;84&CA446=:0&<A>A046>:L!
@F7>8CW 6>6B398>&D8508;4393L&&
TB0&#,!?#$2#'-%R%!>#!,3&3P%R#&!?#$2#'-%R%(%'!>3&!%8#!)+'!0B0&#,!?#$2#'-%R%(%(!<%))#$%(#!7B&#!
)+,$+&@(@'!$3&315()3(!3?3&-3(5&:!
!
TB0&#,! ?#$2#'-%R%! +-3(! 9+P@,-3&)3! )+'=! 0B0&#,! 1+(,8%?+(@! C%<-#>%D! >#! >.P@$! 3R5&-5R5! 7B'!
B(.(#!3-5(3&3,=!)+,$+&!$3&315()3(!0%&#?8#-!+-3&3,!3?3&-3(23-5)5&:!
!
"3)#P#! ,3&3P%R#&! ?#$2#'-%R%! +-3(! *38$3-3&! (+&23-! &#9#$#-#(#(! )+'@! 3-30%-%&-#&:! /#2! 0B0&#,!
*#2!)#!,3&3P%R#&!?#$2#'-%R%!+-3(!*38$3-3&)3!)+'!3?3&-3(2385!B(#&%-%&:&
!
7832" CDD7EF7BGH)&" 3(#)+)&)&" 41#" ?;4$;" ,%" 5%" -%,*<" 1$5!8!&%" 5%)2" 6)2" )-$3&)')&)-" 9%2" )+3"
51#(12!&!-"93,%"3=-%=*&*-")$3"#1&!>!&!-.%
!
A446=06=:;&18>8C8=<8=&<6U6&26;46&#""*+,*'-&&CA446=<:DK6=:;&
CDD7EF7BGH53&"#!$$%&'%&*-"?323#3&53&"<%-$%+*&*"#!$$%&'*>+%&*-"6)2"51#(12"93,%"3=-%=*")$3"
#1&!>!&!-.""
%
#""*+,*'-P3&CA446=06D:&A=A5A>K6=:;&
Z+,$+&@(@'@(!8%'#!>#&)%R%!$3-%23$-3&3!@?7@(!+-3&3,!%-3P5!3-23?3!)#>32!#)%(%':&
I&!(!$%&"51-$%2*"53&?3$3'3#")4)&"4)<("51-"%$'%,*&*-.""
!
#""*+,*'-&348&58<6M3&KG=46=<:>:4<:9:=<6&G4AE67348B8C&85C348>&
FGGAH"AI"! %-#! $#)3>%(%(! 8.&#8%! ,-%(%,! 0#-%&$%-#&#! >#! 0%&#?8#-! +-3&3,! *38$3-5R5(! 8#?&%(#!
03R-5)5&:!
!
&
L!
!
[?&\46K:&D6=&85C348>&=848><3>N&
I.2! %-39-3&! 7%0%=! FGGAH"AIJQ%(& %9#&%R%()#! 0@-@(3(! 23))#-#&#! )@?3&-5! +-3(! ,%<%-#&)#! ?3(!
#$,%-#&!+-30%-%&:!!
!
#E69:<6C348><8=& 73>3& G4A>K6& #""*+,*'-P3& CA446=06D:& <A><A>A=A;& M8& S*+T#"&
<GC5G>A=A;6&734<3>3=3;&M8D6&K3;8&8=&D6C:=&U6K56=8=3=&6B34&7F4J0J=8&76EMA>A=A;&
I&+20+8%$+4#(%!\,3()3!$&+20+8%$!C,3(!45*$5-3<2385(5!83R-3?3(!*.P&#-#&D!83?585(5(!3'3-2385]!
F(31%-3,$%,!<+,!C3(%!3<5&5!)@?3&-5-5,!$#4,%8%D!
F<5&5!)@?3&-5-5,!
^+(1.'?+(!C'%*%(!,3&5<5,-5R5D!
/3-.8%(38?+(!C>3&83(5=!7#&9#,$#!+-23?3(!<#?-#&%!7B&2#,N!)@?23,D!
^+(>.-8%?+(-3&!C%8$#2!)5<5!,38!,385-23-3&5=!(B0#$=!*3>3-#D!
"#(,+4!C03?75(-5,D!
I%$&#2#!
F,+2+)38?+(!0+'@,-@R@!C7B')#!@?@2!0+'@,-@R@D!
T@-3(5,!7B&2#!
Y,.-+M%&38?+(!C7B'!,.&#8%(%(!%8$#2!)5<5=!*#&*3(7%!0%&!?B()#!*3&#,#$%D!
I3<%,3&)%!C)3,%,3)3,%!,3-4!3$52!83?585(5(!_(30'5(_!(+&23-%(!.8$.(#!95,2385D!
^3&3P%R#&! 1+(,8%?+(! 3(+&23--%R%! C$&3(832%(3'=! 3-,3-#(! 1+813$3'=! 73223_`I! >#! 0%-%&@0%(!
3&$5<5D!
F(M%?+(B&+$%,!B)#2!C#--#&=!3?3,-3&=!0%-#,-#&=!?.'=!)@)3,-3&5(!<%<2#8%!?3!)3!B'#--%,-#!3R5'!>#?3!
0+R3'5(!?@$23?5!>#?3!(#1#8!3-23?5!'+&-3<$5&3P3,!<#,%-)#!<%<2#-#&%()#D!
!
T@(-3&5(! *#48%! 9+,! P%))%! ?3(! #$,%-#&)%&:! AR#&! 0@(-3&)3(! 0%&%! 8%')#! 2#>P@$! %8#=! 8%'%(!
FGGAH"AIJQ#! ,3&<5! P%))%! 3-#&M%(%'! >3&! )#2#,$%&:! FP%-! $500%! 2.)3*3-#?#! >#?3! *38$3(#?#!
?3$5&5-23(5'3!7#&#,!+-30%-%&:!!
!
T@!9+,!P%))%!?3(!#$,%-#&%(!*#48%!+-)@,93!8#?&#,!7B&.-.&:!
!
#E69:<6C348><8=&U8>U6=13&73>3=3&26>C&8<8>K8=3;H&<GC5G>A=A;6&KFD48D3=3;&
/3-8%'-%,!
"#&8#2-%,!*%88%!
T3<!3R&585!
FR5'!,@&@-@R@!
;%)#!0@-3($585=!
"+2(+-3(8!C@?@,-323!*3-%D!
H%(%$!C(#'-#D!
W3&#(M%$!C?@$3,!%-$%*305D!
Z%?3&#!C%8*3-D!
F7&#8?+(!C83-)5&73(-5,!*3-%D!
FM%$38?+(!C3<5&5!*@'@&8@'-@,!*3-%D!
a(@$,3(-5,!
/315'3!0+'@,-@R@!
a?,@8@'-@,!
I%,!
I3$!3-23!0+'@,-@R@!
Z%8,%(#'%!C%8$#2-%!*3&#,#$!#$2#)#!7.9-.,D!
b3&#8$#'%!C7#9%P%!*%8!?+,-@R@=!@?@<23N,3&5(P3-3(23D!
^3<5($5!
ZB,.($.!
[!
!
c&$%,#&!C,@&)#<#(D!
"30%$!%-39!#&.48%?+(@!C)B,.($.D!
Z%8.&%!C3R&5-5!%<#2#D!
A(.&#'!C%)&3&!,395&23D!
F8$#(%!C?+&7@(-@,D!
^5&5,-5,!
^%-+!3&$5<5!
^3&5(!3R&585!
Z#4&#8?+(!
U)#2!
Z%8$+(%!C,38-3&5(!%8$#2!)5<5!+-@<3(!8#R%&2#-#&%=!843'2-3&5!?3!)3!*3&#,#$-#&%D!
S<$3*!3&$5<5!!
S($%*3&!).<.(P#8%!!
Z#(7#!0+'@,-@R@()3(!,3?(3,-3(3(!03<!)B(2#8%!C>#&$%7+D!!
S)&3&!?3432323=!%<#2#!'+&-@R@!
!
T@(-3&!FGGAH"AIJQ%(!*31%1!?3(!#$,%-#&%)%&:!
!
7832" 6!" #!$$%&'%" (%$)'%(*&5%" 6%0+)" ?34'3,3&" 0320%&?)" 6)2" ,%&" 3(#)" )$3" #%2>*$%>*2+%&*-"
51#(12!&!-!"93,%"3=-%=*&*-*"6)$?)$3&5)2)&)-."
&
]?&#""*+,*'-P3=%K6C46=06K:&
CDD7EF7BGH)%41=!#$%2*&"?@23'3,3=38):"32)>3'3,3=38)",32$3253"93"%'6%$%J*&5%"+%#$%,*&*-."
KVdeQ(%(!3-$5()3,%!+)3!85P3,-5R5()3!83,-3?5(5':!
!
,G=&CA446=06&56>3U3D48&ADA04A&G46>6C&CA446=:=:;?&!
C'6%$%J*&5%#)"+1&"#!$$%&'%"(%2)0)&53&"+1&2%"CDD7EF7BGH)"#!$$%&'%,*&*-."
!
9>J2'!%:'J#K#f!"3($3!W3&23!S-39!"3(3?%%!F:X:!
Y,2#?)3(5=!T+&@9%9#R%!"+,3,=!g+f! E!L[LhK!X%<-%_S"IFgTaG!
I#-f!Cij6!K KD!KK6!E[!66!
W3kf!Cij6!K KD!KKK!Vl!Vj!
!
L,)!#&%+),#f!"3($3!W3&23!S-39!"3(3?%%!F:X:!
"+13-59#<2#!"+,3,=!g+f!lK_l[!L[6j !A)%&(#,345_S"IFgTaG!
I#-f!Cij6!K KD!VL[!lj!66!
W3kf!Cij6!K KD!VK !6E![[!
!
!"#!$$%&'%"(%$)'%(*"..K..K..."(%2)0)&53"1&%,$%&'*>(*2."
"
"
"
"
"
"
"
"
"
"
"
V!
!