0QVKQP4QCF#TGC
&GXGNQROGPV)WKFGNKPGUŌ6CDNGQH%QPVGPVU
5GEVKQP
+ )GPGTCN&GUETKRVKQP
+ $CEMITQWPF
+ 4GNCVKQPUJKRYKVJ2KEMGTKPI1HHKEKCN2NCP
+ 8KUKQP5VCVGOGPV
+ )WKFKPI2TKPEKRNGU
+ 6JG)WKFGNKPGU
+4QCFUCPF(TQPVCIGU
(KIWTG2TQRQUGF5VTGGVUECRG+ORTQXGOGPVUHQT0QVKQP4QCF
+)CVGYC[U
+1RGP5RCEG'FIGU
+2CVJU
+ 1FQWT%QPVTQN
+ +ORNGOGPVCVKQP5VTCVGIKGU
#RRGPFKZ#0QVKQP4QCF#TGC.CPF7UG#PF7TDCP&GUKIP5VWF[
2CIG
(KIWTGU
(KIWTG#0QVKQP4QCF5VWF[#TGC
(KIWTG$&GOQPUVTCVKQP2NCP
6JG0QVKQP4QCF#TGC&GXGNQROGPV)WKFGNKPGUYGTGCFQRVGF
D[2KEMGTKPI%QWPEKNQP,CPWCT[
0QVKQP4QCF#TGC
&GXGNQROGPV)WKFGNKPGU
+ )GPGTCN&GUETKRVKQP
6JG0QVKQP4QCF#TGCKUNQECVGFQPVJGYGUVUKFGQH0QVKQP4QCF+VGZVGPFUYGUVVQVJGTGCTNQV
NKPGUQHVJGTGUKFGPVKCNFGXGNQROGPVVQYGUVHTQO2KEMGTKPI2CTMYC[PQTVJVQDWVGZENWFKPIVJG
RTQRGTV[CVVJGUQWVJYGUVEQTPGTQH-KPIUVQP4QCFCPF0QVKQP4QCF6JGNCPFUEQORTKUGCDQWV
JGEVCTGUQHYJKEJCDQWVVYQVJKTFUCTGEWTTGPVN[XCECPV6JGTGKUQPGNCTIGXCECPVRCTEGNCPF
VYQUOCNNGTXCECPVRCTEGNU2CTEGNUCVVJGPQTVJGPFQHVJG#TGCCTGSWKVGUOCNNCPFCTGFGXGNQRGF
YKVJNKIJVKPFWUVTKCNCPFCWVQOQVKXGTGNCVGFWUGU
.CPFUVQVJGYGUVCTGFGXGNQRGFYKVJNQYCPFOGFKWOFGPUKV[TGUKFGPVKCNWUGU.CPFUVQVJGPQTVJ
CTGFGXGNQRGFCUCTVGTKCNEQOOGTEKCNWUGU.CPFUVQVJGGCUVKPVJG6QYPQH#LCZCTGFGXGNQRGF
YKVJ JGCX[ KPFWUVTKCN WUGU VJCV CTG CPVKEKRCVGF VQ TGOCKP HQT VJG HQTGUGGCDNG HWVWTG YKVJ PGY
RTGUVKIGFGXGNQROGPVCPFTGFGXGNQROGPVQEEWTTKPIQXGTVKOG(WTVJGTGCUVKU&WHHKPU%TGGM6QVJG
UQWVJ RTQRGTVKGU KPENWFG XCECPV NCPFU C ŎNCTIG HQTOCVŏ EQOOGTEKCN UJQRRKPI CTGC CPF VJG
*KIJYC[.QPIVGTORNCPUHQT0QVKQP4QCFKPENWFGC*KIJYC[QXGTRCUUEQPPGEVKPIYKVJ
5SWKTGU$GCEJ4QCFCPFVQ$C[N[5VTGGV
+ $CEMITQWPF
6JG 0QVKQP 4QCF #TGC &GXGNQROGPV )WKFGNKPGU JCXG DGGP CFCRVGF HTQO YQTM FQPG D[
$TQQM/E+NTQ[+PE%KV[QH2KEMGTKPI2NCPPKPI&GXGNQROGPVUVCHHCPFVJG6QYPQH#LCZ2NCPPKPI
UVCHHCURCTVQHVJGLQKPV%KV[QH2KEMGTKPI6QYPQH#LCZ0QVKQP4QCF#TGC.CPF7UGCPF7TDCP
&GUKIP5VWF[5QOGCFFKVKQPCNDCEMITQWPFQPVJGLQKPVNCPFWUGCPFFGUKIPUVWF[KURTQXKFGFKP
#RRGPFKZ+
+ 4GNCVKQPUJKRYKVJ2KEMGTKPI1HHKEKCN2NCP
/CR 0GKIJDQWTJQQF 8KNNCIG 'CUV KFGPVKHKGU VJG 0QVKQP 4QCF #TGC CU C &GVCKNGF 4GXKGY
#TGC HQT YJKEJ %QWPEKN JCU CFQRVGF &GXGNQROGPV )WKFGNKPGU 5GEVKQP QH VJG
2KEMGTKPI1HHKEKCN 2NCP TGSWKTGU VJCV YJGTG %QWPEKN JCU CFQRVGF &GXGNQROGPV )WKFGNKPGU HQT C
&GVCKNGF4GXKGY#TGCFGXGNQROGPVUJCNNEQORN[YKVJVJQUG)WKFGNKPGU
6JG )WKFGNKPGU DWKNF QP VJG WTDCP FGUKIP QDLGEVKXGU QH %JCRVGT Ō ő%QOOWPKV[ &GUKIPŒ CPF
%JCRVGT Ō ő&GVCKNGF &GUKIP %QPUKFGTCVKQPŒ QH VJG 2KEMGTKPI 1HHKEKCN 2NCP +P CFFKVKQP VQ VJG
)WKFGNKPGUEQPVCKPGFKPVJKUFQEWOGPVTGHGTGPEGUJQWNFDGOCFGVQVJGUGQVJGT%KV[YKFGFGUKIP
QDLGEVKXGUCPFEQPUKFGTCVKQPUKPRTGRCTKPICPFTGXKGYKPIFGXGNQROGPVRTQRQUCNU
0QVKQP4QCF#TGC&GXGNQROGPV)WKFGNKPGU 2CIG
+ 8KUKQP5VCVGOGPV
6JTQWIJPGYFGXGNQROGPVTGFGXGNQROGPVRTKXCVGKPXGUVOGPVKPRTQRGTVKGUCPFRCTVPGTUJKRUYKVJ
RWDNKE CIGPEKGUKPENWFKPIVJG%KV[QH2KEMGTKPI
CPFVJG6QYPQH#LCZVQVJGGCUVKVKURTQRQUGF
VJCVVJG0QVKQP4QCF#TGCYKNNGXQNXGQXGTVKOGVQDGEQOGCRTGUVKIGOKZGFGORNQ[OGPVCTGCVJCV
XCNWGUJKIJSWCNKV[WUGUQPGZKUVKPIUKVGUCPFKUOQTGEQORCVKDNGYKVJVJGGZKUVKPITGUKFGPVKCNWUGU
KPVJGCTGC
+V KU VJG %KV[ŏU QDLGEVKXG VQ GPEQWTCIG PGY FGXGNQROGPV VJCV KU EQORCVKDNG YKVJ GZKUVKPI JGCX[
KPFWUVTKCNWUGUVQVJGGCUVCPFRTQXKFGUHQTCRQUKVKXGHKVYKVJVJGGZKUVKPITGUKFGPVKCNFGXGNQROGPV
VQ VJG YGUV VJTQWIJ JKIJ RGTHQTOCPEG UVCPFCTFU HQT UKVG QRGTCVKQP CPF CRRGCTCPEG YKVJKP VJG
0QVKQP4QCF#TGC
6JG%KV[ŏUQDLGEVKXGYCURTGRCTGFTGEQIPK\KPIVJCVVJG6QYPQH#LCZJCUVJGUCOGXKUKQPUVCVGOGPV
HQTKVUNCPFUQPVJGGCUVUKFGQH0QVKQP4QCFCPFTGEQIPK\KPIVJCVVJGGUVCDNKUJGFQDLGEVKXGUHQTVJG
#LCZ NCPFU CTG VQ RTQVGEV VJG GORNQ[OGPV NCPF DCUG OCMG VJG CTGC OQTG CVVTCEVKXG UQ CU VQ
RTQOQVG CFFKVKQPCN KPXGUVOGPV CPF VQ RTQXKFG HQT PGY JKIJGT RTQHKNG GORNQ[OGPV WUGU VJCV ECP
EQGZKUVYKVJJGCX[KPFWUVT[
+ )WKFKPI2TKPEKRNGU
6JG HQNNQYKPI RTKPEKRNGU JCXG DGGP KPVTQFWEGF CU OGEJCPKUOU VQ IWKFG VJG EQWTUG QH RJ[UKECN
KORTQXGOGPVUKPVJG0QVKQP4QCF#TGC
• 8GJKEWNCT CEEGUU RQKPVU CPF RCTMKPI UJQWNF DG FGUKIPGF VQ CEEQOOQFCVG VJG PGGFU QH
KPFWUVT[CPFDWUKPGUUCPFUJQWNFEQPVTKDWVGVQVJGGXQNXKPIOKZGFGORNQ[OGPVEJCTCEVGT
QHVJGCTGCYJKNGPQVCFXGTUGN[CHHGEVKPIGZKUVKPITGUKFGPVKCNWUGU
• 2WDNKE UCHGV[ UJQWNF DG CFFTGUUGF VJTQWIJ KORTQXGF NKIJVKPI HGPEKPI CEEGUU TGUVTKEVKQPU
UETGGPKPICPFGPENQUWTGQHGORNQ[OGPVHWPEVKQPU
• 6JG UVTGGVUECRG QH 0QVKQP 4QCF UJQWNF DG WPKHKGF VJTQWIJ NCPFUECRKPI CPF DWKNFKPI
RNCEGOGPV
• 1RRQTVWPKVKGUUJQWNFDGRTQXKFGFHQTRGFGUVTKCPUVQCEEGUUVJG&WHHKPU%TGGMXCNNG[VQVJG
GCUV
• )GPGTQWUNCPFUECRGUVTKRUCPFHGCVWTGUUJQWNFDGRTQXKFGFCNQPI0QVKQP4QCFCPFCNQPI
VJGYGUVGTPGFIGQHVJG0QVKQP4QCF#TGCCUCYC[VQCFFTGUUEQORCVKDKNKV[KUUWGU
• 2TQXKUKQPUUJQWNFDGOCFGHQTőICVGYC[UŒCVVJGPQTVJCPFUQWVJGPFUQH0QVKQP4QCFVQ
OCTM OWPKEKRCN GPVT[ RQKPVU CPF VQ GUVCDNKUJ C UGPUG QH KFGPVKV[ CPF RTQHKNG VQ VJG
0QVKQP4QCF#TGC
• /CVGTKCNUCPFGSWKROGPVUVQTCIGCPFUGTXKEKPIHWPEVKQPUHQTGZKUVKPIWUGUUJQWNFQPN[QEEWT
YKVJKPHWNN[GPENQUGFDWKNFKPIU1WVFQQTUVQTCIGKUPQVRGTOKVVGF
0QVKQP4QCF#TGC&GXGNQROGPV)WKFGNKPGU 2CIG
+ 6JG)WKFGNKPGU
&GXGNQROGPV IWKFGNKPGU CTG KPVGPFGF VQJGNRFGXGNQRGTUCPFVJG RWDNKEWPFGTUVCPFVJGKPVGPVQH
VJG OWPKEKRCNKV[ YJKNG GPUWTKPI VJCV VJQUG YJQ TGXKGY FGXGNQROGPV CRRNKECVKQPU ENGCTN[
WPFGTUVCPFVJGFGUKIPQDLGEVKXGUVJG[CTGVT[KPIVQCEJKGXG&GXGNQROGPVIWKFGNKPGUCNUQRTQXKFG
FKTGEVKQPHQTRWDNKEUGEVQTKORTQXGOGPVUVJCVYKNNTGSWKTGDWFIGVCNNQECVKQPUKPQTFGTVJCVVJG[OC[
DGTGCNK\GF
+ 4QCFUCPF(TQPVCIGU
4QCFU UJQWNF RTQXKFG HQT C UCHG CPF GHHKEKGPV EKTEWNCVKQP RCVVGTP VJCVCEEQOOQFCVGUVJGPGGFUQH
DWUKPGUU 2TQRGTV[ HTQPVCIGU CFLCEGPV VQ TQCFU UJQWNF DG WPKHKGF VJTQWIJ VJG WUG QH UVCPFCTF
VTGCVOGPVUHQTNCPFUECRGUVTKRUUVTGGVVTGGUDWKNFKPIUGVDCEMUCPFSWCNKV[QHDWKNFKPIOCVGTKCNU
• .CPFUECRKPI CPF ITCFKPI UJQWNF DG FGUKIPGF VQ EQPVTKDWVG VQ VJG GXGPVWCN KOCIG QH
0QVKQP4QCFCUCPGORNQ[OGPVRCTMYC[
• $WKNFKPIUUJQWNFDGUGVDCEMCOKPKOWOQHOGVTGUHTQOVJGUVTGGVNKPGQH0QVKQP4QCF
6JKU YKNN CNNQY HQT CRRTQRTKCVG RCTMKPI CTGCU CFLCEGPV VQ VJG UVTGGV UQ CU VQ CEEQOOQFCVG
VJG PGGFU QH DWUKPGUU KH PGEGUUCT[ YJKNG GPUWTKPI VJCV VJG HWVWTG XKUWCN EJCTCEVGT QH VJG
CTGC KU TGNCVKXGN[ EQPUKUVGPV 6JKU YKNN CNUQ CNNQY DWKNFKPIU VQ CRRTQCEJ VJG UVTGGV YJKNG
OCKPVCKPKPICPQXGTCNNNCPFUECRGFEJCTCEVGT
• (QTGZKUVKPINQVUYKVJNGUUVJCPOGVTGUHTQPVCIGLQKPVCEEGUUGCUGOGPVUUJQWNFDGWUGFVQ
OCZKOK\G NCPFUECRGF CTGC #EEGUU RQKPVU VQ UOCNNGT RTQRGTVKGU UJQWNF DG EQPUQNKFCVGF
YJGTGXGTRQUUKDNG.CPFUECRGFVTCHHKEKUNCPFUUJQWNFDGWUGFVQKFGPVKH[OCKPFTKXGYC[U
CPFUWDFKXKFGNCTIGRCTMKPICTGCUCFLCEGPVVQVJGUVTGGV
• # EQPVKPWQWU NCPFUECRGF EQPPGEVKQP UJQWNF DG RTQXKFGF DGVYGGP VJG DWKNFKPI CPF VJG
UVTGGVHQTCVNGCUVQHVJGUKVGHTQPVCIG+FGCNN[UWEJNCPFUECRGFCTGCUUJQWNFRTQXKFGC
FKTGEVEQPPGEVKQPVQVJGRTKOCT[GPVTCPEGQHVJGDWKNFKPI
• 2WDNKE UCHGV[ UJQWNF DG KORTQXGF D[ GPEQWTCIKPI RGFGUVTKCP CEVKXKV[ KP CTGCUFGUKIPGFVQ
CEEQOOQFCVG RGFGUVTKCPU #RRTQRTKCVG CEVKQPU YQWNF KPENWFG RTQXKFKPI YGNNNKV CPF
OCKPVCKPGF UKFGYCNMU ENGCT CPF KFGPVKHKCDNG RGFGUVTKCP RCVJU CPF ENGCTN[ OCTMGF RWDNKE
URCEGU ő(GPEGJQRRKPIŒ CPF WPTGUVTKEVGF CEEGUU VQ CTGCU QHGORNQ[OGPVCEVKXKV[UJQWNF
DG FKUEQWTCIGF VJTQWIJ DWKNFKPI RNCEGOGPV CPF RTQXKUKQPU HQT CRRTQRTKCVG NCPFUECRGF
DWHHGTUCNQPIVJGYGUVGTPGFIGQHVJG0QVKQP4QCF#TGC
• /CKP GPVTCPEGU VQ DWKNFKPIU UJQWNF DG GORJCUK\GF VJTQWIJ ECPQRKGU CYPKPIU CPF QVJGT
CTEJKVGEVWTCN FGVCKNU 'PVTCPEGU UJQWNF DG RTQOKPGPV CPF UJQWNF DG EQQTFKPCVGF YKVJ
QPUKVGRGFGUVTKCPYCNMYC[U
• &QWDNG TQYU QH VTGGU UJQWNF DG RNCPVGF CNQPI 0QVKQP 4QCF VQ ETGCVG C NQECNN[ FKUVKPEV
UVTGGVUECRG KOCIG YJKNG JCXKPI VJG GHHGEV QH GPEQWTCIKPI RGFGUVTKCP VTCHHKE CPF OCUMKPI
GZKUVKPIKPFWUVT[
UGG(KIWTG
0QVKQP4QCF#TGC&GXGNQROGPV)WKFGNKPGU 2CIG
•
(KIWTG2TQRQUGF5VTGGVUECRG+ORTQXGOGPVUHQT0QVKQP4QCF
# OKPKOWO DQWNGXCTF YKFVJ QH OGVTGU UJQWNF DG RTQXKFGF CV VJG UVTGGV HTQPV QH
DWKNFKPIU CNQPI 0QVKQP 4QCF YJKEJ YKNN CNNQYUWHHKEKGPVURCEG HQTWPFGTITQWPFHCEKNKVKGU
YJKNG KORTQXKPI VJG HCEG QH RWDNKE UVTGGVU 9JGTG OGVTGU ECPPQV DG CEJKGXGF
0QVKQP4QCF#TGC&GXGNQROGPV)WKFGNKPGU 2CIG
CFFKVKQPCN NCPFUECRKPI UJCNN DG KPENWFGF QP VJG RTKXCVG RTQRGTVKGU VQ ETGCVG VJG FGUKTGF
FQWDNGTQYQHVTGGUCNQPIVJGUVTGGVUECRG
•
6TGG URGEKGU UJQWNF DG WUGF EQPUKUVGPVN[ YKVJKP NCPFUECRG UVTKRU CPF UJQWNF DG NQY
OCKPVGPCPEGCPFRQNNWVKQPVQNGTCPVURGEKGU
•
$NCPMQTUKPINGOCVGTKCNHCECFGUVJCVGZVGPFVJGGPVKTGNGPIVJQHVJGDWKNFKPIUJQWNFPQVDG
RGTOKVVGF +PUVGCF NCTIG HCECFGU UJQWNF DG FKXKFGF VJTQWIJ C EQODKPCVKQP QH YKPFQYU
RTQLGEVKQPUGPVTCPEGUCTEJKVGEVWTCNFGVCKNKPIOCVGTKCNUCPFEQNQWTU
•
9KPFQYU UJQWNF HCEG VJG UVTGGV QT QVJGT RWDNKE CTGC CPF UJQWNF GPEQORCUU C UKIPKHKECPV
RGTEGPVCIGQHVJGUVTGGVGNGXCVKQP
•
.CTIGWPDTQMGPRCTMKPICTGCUUJQWNFDGCXQKFGF.CPFUECRKPIUJQWNFDGWUGFVQFGHKPG
UOCNNGTRCTMKPICTGCUCPFUJQWNFDGRTQRQTVKQPCVGVQVJGUK\GQHVJGRCTMKPICTGC
•
+P CNN ECUGU TQQHVQR OGEJCPKECN GSWKROGPV KU VQ DG UETGGPGF HTQO XKGY HTQO VJG RWDNKE
TQCFUCPFVJGTGCT[CTFUQHCDWVVKPITGUKFGPVKCNCTGCU
•
5GTXKEG CTGCU NQCFKPI CPF TGHWUG UVQTCIG UJQWNF DG UETGGPGF HTQO RWDNKEXKGYCPFHTQO
VJGTGCT[CTFUQHCDWVVKPITGUKFGPVKCNCTGCU
+ )CVGYC[U
)CVGYC[UQTENGCTCPFKFGPVKHKCDNGRQKPVUQHGPVT[UJQWNFDGRTQXKFGFCVVJGPQTVJCPFUQWVJGPFU
QH0QVKQP4QCFVQOCTMGPVT[KPVQVJGCTGCCPFVQUKIPCNVJGOWPKEKRCNDQWPFCT[DGVYGGP#LCZCPF
2KEMGTKPI +P IGPGTCN ICVGYC[U UJQWNF DG RTQXKFGF YKVJ CP WRITCFGF UVCPFCTF QH DWKNFKPI
VTGCVOGPVNCPFUECRKPIRCXKPICPFOCVGTKCNU
• )CVGYC[DWKNFKPIUUJQWNFDGFGUKIPGFCURTQOKPGPVXKUWCNHQEK8GTVKECNGNGOGPVUUWEJCU
VQYGTUQTRTQOKPGPVTQQHRGCMUUJQWNFDGWUGFVQOCTMVJGKTNQECVKQP
• 5KIPCIG UJQWNF DG WUGF CV ICVGYC[ NQECVKQPU VQ KFGPVKH[ CPF XKUWCNN[ WPKH[ DQVJ GPFU QH
0QVKQP4QCF
• %QTPGTDWKNFKPIUUJQWNFDGNQECVGFDGVYGGPOGVTGUCPFOGVTGUQHVJGUVTGGVNKPGCVC
OKPKOWOJGKIJVQHVYQUVQTG[UKPQTFGTVQTGKPHQTEGVJGKTTQNG CUHQECNRQKPVU2GFGUVTKCP
GPVTCPEGUUJQWNFDGNQECVGFCFLCEGPVVQVJGUVTGGVEQTPGT
• +VKUCPVKEKRCVGFVJCVICVGYC[GNGOGPVUUJQWNFDGNQECVGFQPDQVJUKFGUQH0QVKQP4QCFCPF
UJQWNFKPENWFGWRITCFGFNCPFUECRGGNGOGPVU
• #NVJQWIJ VJGTG KU ITGCVGT QRRQTVWPKV[ HQT C ICVGYC[ GNGOGPV QP VJG #LCZ UKFG QH
0QVKQP4QCF CV VJG PQTVJ GPF TGFGXGNQROGPV QP VJG 2KEMGTKPI UKFG OC[ RGTOKV ICVGYC[
GNGOGPVUVQDGCEJKGXGF6JGPQTVJGTPICVGYC[VTGCVOGPVUUJQWNFTGHNGEVVJGCTEJKVGEVWTCN
CPFJKUVQTKEEJCTCEVGTQH2KEMGTKPI8KNNCIG
0QVKQP4QCF#TGC&GXGNQROGPV)WKFGNKPGU 2CIG
+ 1RGP5RCEG'FIGU
• 5KFG [CTF NCPFUECRG UVTKRU DGVYGGP PGKIJDQWTKPI RTQRGTVKGU UJQWNF DG C OKPKOWO QH
OGVTGU
OGVTGUKPYKFVJQPGCEJRTQRGTV[HQTXGIGVCVKQPHGPEKPICPFUPQYUVQTCIG
• # OKPKOWO OGVTG NCPFUECRGF QRGP CTGC UJCNN DG RTQXKFGF CNQPI VJG TGCT NQV NKPG VQ
UETGGPRCTMKPINQCFKPICPFDWKNFKPIUVJTQWIJCTEJKVGEVWTCNUETGGPKPINCPFUECRGDWHHGTKPI
DGTOKPIQTCEQODKPCVKQPQHVJGUGVTGCVOGPVUHTQOVJGXKGYQHCDWVVKPITGUKFGPVKCNWUGU
+ 2CVJU
• &WTKPI VJG TGXKGY QH UKVG RNCPU HQT NCPFU EGPVTCNN[ NQECVGF YKVJKP VJG 0QVKQP 4QCF #TGC
ECTGHWN EQPUKFGTCVKQP UJQWNF DG IKXGP VQ KPEQTRQTCVKPI RWDNKE YCNMYC[U KP C UCHG CPF
CRRTQRTKCVGOCPPGTHTQO/CTUJEQWTV&TKXGVJTQWIJVJGRTQRGTV[VQ0QVKQP4QCF6JKUYKNN
CNUQCNNQYEQPPGEVKQPUVQVJGVTCKNUCNQPI&WHHKPU%TGGMVQVJGGCUVKP#LCZ
+ 1FQWT%QPVTQN
6JG GUVCDNKUJOGPV QH WUGU UWEJ CU TGUVCWTCPVU CPF DCMGTKGU YJKEJ OC[ KPEQTRQTCVG EQOOGTEKCN
EQQMKPI GSWKROGPV CPF VJWU OC[ RTQFWEG QFQWTU UJCNN DG TGSWKTGF VQ KPUVCNN JKIJ GHHKEKGPE[
QFQWT EQPVTQN OGEJCPKUOU CRRTQXGF D[ VJG %KV[ QH 2KEMGTKPI CV VJG EQPUVTWEVKQP UVCIG
4GSWKTGOGPVUHQTUWEJQFQWTEQPVTQNOGEJCPKUOUUJCNNDGCFFTGUUGFCVVJGVKOGQHDWKNFKPIRGTOKV
TGXKGY
+ +ORNGOGPVCVKQP5VTCVGIKGU
%QWPEKN UJCNN EQPUKFGT FWTKPI KV CPPWCN DWFIGV RTQEGUU VJG CNNQECVKQP QH HWPFU HQT VJG HQNNQYKPI
RTQLGEVU VQ CUUKUV YKVJ KORTQXKPI VJG KOCIG QH VJG #TGC CPF VJG GPXKTQPOGPVCN SWCNKV[ QH
UVQTOYCVGTTWPQHH
• TGEQPUVTWEVKQPQHVJGPQTVJGTPRQTVKQPQH0QVKQP4QCFVQHWNN[EWTDGFWTDCPUVCPFCTFUYKVJ
UKFGYCNMU
CRQTVKQPQHVJGEQUVKUVQDGEQNNGEVGFVJTQWIJFGXGNQROGPVEJCTIGU
• URGEKCNŎICVGYC[ŏCPFUKFGYCNMRCXGOGPVVTGCVOGPVQPVJGUQWVJUKFGQHVJGKPVGTUGEVKQPQH
-KPIUVQPCPF0QVKQP4QCFUCPFVJGPQTVJUKFGQHVJGKPVGTUGEVKQPQH2KEMGTKPI2CTMYC[CPF
0QVKQP4QCF
• UVTGGV VTGGU RCXGOGPV URNCUJUVTKR CPF UKOKNCT KORTQXGOGPVU CU TGEQOOGPFGF HQT
0QVKQP4QCFKPVJGETQUUUGEVKQPKFGPVKHKGFKP(KIWTGCPF
• DWTKCNQHCDQXGITQWPFYKTKPIKPRCTVPGTUJKRYKVJQVJGTU
2KEMGTKPIQYPU0QVKQP4QCFYJKNGVJG6QYPQH#LCZKUTGURQPUKDNGHQTKVUOCKPVGPCPEGWPFGTCP
CITGGOGPV 2KEMGTKPI JCU VGPVCVKXGN[ DWFIGVGF HQT UVCPFCTF WTDCPK\CVKQP QH VJG YGUV UKFG QH VJG
PQTVJRCTVQH0QVKQP4QCFVQQEEWTKPVJG[GCT
6JG %KV[ QH 2KEMGTKPI UJCNN EQPUKFGT RCTVPGTKPI QP VJG EQUVU QH CP KORTQXGF UVQTOYCVGT RQPF KP
#LCZUQWVJCPFGCUVQHVJGGPFQH1TEJCTF4QCFQPCRGTEGPVCIGDCUKUGSWCNVQVJGCRRTQZKOCVG
RTQRQTVKQPQHFTCKPCIGYCVGTUWUKPIVJGRQPFQTKIKPCVKPIKPGCEJOWPKEKRCNKV[
0QVKQP4QCF#TGC&GXGNQROGPV)WKFGNKPGU 2CIG
6JG%KV[QH2KEMGTKPIUWRRQTVUVJGGUVCDNKUJOGPVQHCEQOOWPKV[KPFWUVT[NKCKUQPEQOOKVVGGVQUGGM
UQNWVKQPUVQKORTQXGVJG0QVKQP4QCF#TGCHQTDWUKPGUUGUCPFTGUKFGPVU.QECNTGUKFGPVUDWUKPGUU
QRGTCVQTU CPF RTQRGTV[ QYPGTU UJQWNF DG KPXKVGF VQ UGTXG QP VJG EQOOWPKV[KPFWUVT[ NKCKUQP
EQOOKVVGGKPCFFKVKQPVQOWPKEKRCNCPFQVJGTCIGPE[QHHKEKCNUCUTGSWKTGF
6JG%KV[QH2KEMGTKPIUJCNNTGSWGUVVJG6QYPQH#LCZVQCOGPFKVUPQKUGD[NCYVQRGTOKV#LCZVQ
KPXGUVKICVGEQORNCKPVUHTQOPGCTD[2KEMGTKPITGUKFGPVUQHKPCRRTQRTKCVGPQKUGHTQO#LCZUQWTEGU
0QVKQP4QCF#TGC&GXGNQROGPV)WKFGNKPGU 2CIG
#22'0&+:+
VQVJG0QVKQP4QCF#TGC&GXGNQROGPV)WKFGNKPGU
0QVKQP4QCF.CPF7UGCPF7TDCP&GUKIP5VWF[
6JG 0QVKQP 4QCF 5VWF[ #TGC UJQYP QP (KIWTG # KPENWFGF NCPFU NQECVGF YKVJKP DQVJ VJG
%KV[QH2KEMGTKPI CPF VJG 6QYP QH #LCZ +V YCU DQWPFGF D[ -KPIUVQP 4QCF VQ VJG PQTVJ
&WHHKPU%TGGMVQVJG'CUV*KIJYC[VQVJGUQWVJCPFVJGTGCTNQVNKPGQHRTQRGTVKGUQPVJGYGUV
UKFG QH 0QVKQP4QCF VQ VJG YGUV GZENWFKPI VJG UQWVJYGUV EQTPGT QH -KPIUVQP 4QCF CPF
0QVKQP4QCF
6JG 0QVKQP 4QCF 5VWF[ #TGC CPF KVU UWTTQWPFKPIU GXQNXGF HTQO CP JKUVQTKE UGVVNGOGPV CV
2KEMGTKPI8KNNCIGYKVJVJGRTQITGUUKXGRQUVYCTFGXGNQROGPVQHKPFWUVTKCNCPFTGNCVGFWUGUYKVJKP
VJG5VWF[#TGC/QTGTGEGPVN[TGUKFGPVKCNWUGUYGTGKPVTQFWEGFVQDQVJVJGGCUVCPFVJGYGUVQH
VJG 5VWF[ #TGC 6JG KPVTQFWEVKQP QH VJGUG PGYGT WUGU EQWRNGF YKVJCRTQRQUCNHQTCPGYYCUVG
VTCPUHGTUVCVKQPQPVJG#LCZUKFGQH0QVKQP4QCFDTQWIJVRWDNKECVVGPVKQPVQEQPHNKEVUDGVYGGPJGCX[
KPFWUVT[CPFTGUKFGPVKCNFGXGNQROGPVKPVJGCTGCCPFTCKUGFEQPEGTPUCDQWVYJCVVJGHWVWTGJGNF
HQTVJG5VWF[#TGC
%QPUGSWGPVN[VJGLQKPV%KV[QH2KEMGTKPI6QYPQH#LCZ0QVKQP4QCF.CPF7UGCPF7TDCP&GUKIP
5VWF[ YCU EQPFWEVGF DGVYGGP CPF YJKEJ TGUWNVGF KP QHHKEKCN RNCP CPF \QPKPI
COGPFOGPVUUVTCVGIKGUVQKORTQXGRWDNKEKPHTCUVTWEVWTGCPFQVJGTCUUQEKCVGFUVTCVGIKGUVQKORTQXG
VJG EQORCVKDKNKV[ DGVYGGP VJG UWTTQWPFKPI TGUKFGPVKCN WUGU CPF VJG KPFWUVTKCN WUGU YKVJKP VJG
5VWF[#TGC # EGPVTCN RWTRQUG QH VJG RQNKE[ EJCPIGU YCU VQ GPEQWTCIG FGXGNQROGPV YKVJKP VJG
5VWF[#TGCVQGXQNXGQXGTVKOGVQCJKIJSWCNKV[OKZVWTGQHRTGUVKIGOKZGFGORNQ[OGPVWUGU
#PCFFKVKQPCNTGUWNVQHVJGUVWF[YCUVJGCFQRVKQPD[VJG%KV[QH2KEMGTKPIQHVJG0QVKQP4QCF#TGC
&GXGNQROGPV )WKFGNKPGU HQT VJG 2KEMGTKPI NCPFU YKVJKP VJG 5VWF[ #TGC CPF VJG CFQRVKQP D[ VJG
6QYPQH#LCZQH7TDCP&GUKIP)WKFGNKPGUHQT#LCZNCPFUYKVJKPVJG5VWF[#TGC
+ &GOQPUVTCVKQP2NCP
1PGQHVJGRTQFWEVUQHVJG0QVKQP4QCF.CPF7UGCPF7TDCP&GUKIP5VWF[YCUCFGOQPUVTCVKQP
RNCPVJCVKPEQTRQTCVGFVJGWTDCPFGUKIPRTKPEKRNGUCTKUKPIHTQOVJG5VWF[6JGFGOQPUVTCVKQPRNCP
KURTQXKFGFCU(KIWTG$
0QVKQP4QCF#TGC&GXGNQROGPV)WKFGNKPGU 2CIG
(KIWTG#0QVKQP4QCF5VWF[#TGC