!
!
!
!"#$!%&'()!
!
"#$%!&!'()*+,-!./0!1%$2!
./3445+/670!89!
:#$;2$";<"=2!
56*>+)/67?77/@A,6/!
!"#$#%&'()*$+%,,-&%.(/01'(2(3$%4(50!
BC*!*6@+>6!3,/676)/6-!3,!@C(7)6!>6+)(73,D!5E6,!E6!43F6-!3,!G+,+-+!H7C>!"IJ%!/C!"I#"A!'6!C*/+3,6-!+!
@CKL!CH!M6-!GC7*3//N)!>6+)(73,D!3,)/7(@/3C,)0!*C(DE/!E3)!H37)/!OC,6)!GC(,/670!+,-!DC/!)C>6!@C(7)6)!
@67/3H36-!3,!+!H46-D43,D!G+,+-3+,!@67/3H3@+/3C,!K7CD7+>A!
!
!
PKC,!76/(7,3,D!/C!/E6!P.!3,!"I#"0!BC*!>CF6-!/C!8Q4+EC>+!+,-!*6@+>6!/E6!8Q4+EC>+!G67/3H367!3,!"I#=0!
+/!+!/3>6!5E6,!C,4L!+!H65!C/E67!)/+/6)!E+-!@67/3H367)0!+,-!)67F6-!3,!/E+/!7C46!/E7C(DE!=$$:A!!BC*!+4)C!
)67F6-!+)!R7Q+,)+)!G67/3H367!-(73,D!)C>6!CH!/E6!6+74L!L6+7)A!
!
!
S,!4+/6!"I#=0!BC*!*6D+,!@C776)KC,-3,D!53/E!T6/6!U36D64!V5EC!5C(4-!4+/67!*6@C>6!UUMG!GE+37W!+,-!
*6@+>6!+!H76X(6,/!@C,/73*(/C7!/C!Y6+)(76>6,/!&65)A! S,!"I#<0!E6!5+)!K+7/!CH!/E6!/6+>!/E+/!
>6+)(76-!/E6!>+7+/EC,!@C(7)6!HC7!/E6!"I#2!84L>K3@)!3,!ZC)!R,D646)0!+,-!)K6,/!/E6!,6[/!J!>C,/E)!
+,+4L\3,D!/E6!-+/+!H7C>!/E+/!>6+)(76>6,/A!
!
!
]7C>!"I#%!/C!"II=0!E6!5+)!^3@6!GE+37!_6)/0!+,-!)67F6-!+)!UUMG!.6@76/+7L!H7C>!"II<!/C!=$"2A!
!
!
S,!"II:0!BC*!/(7,6-!)C>6!CH!/E6!56*!K+D6)!/E+/!5676!*63,D!EC)/6-!HC7!UUMG!*L!/E6!UC+-!U(,,3,D!
S,HC7>+/3C,!G6,/67!3,/C!+!)6K+7+/6!56*)3/6!HC7!/E6!GC(,@34A!!S,!"II%!E6!*6@+>6!/E6!UUMG!_6*>+)/670!+!
KC)3/3C,!E6!@C,/3,(6)!/C!EC4-A!
!
!
S,!+--3/3C,0!E6!6[K673>6,/6-!C,!+)K6@/)!)(@E!+)!@+43*7+/3C,!@C(7)6!46,D/E!+,-!6HH6@/)!CH!)(7H+@6!
7C(DE,6))!/C!E64K!-6/67>3,6!)C>6!CH!/E6!K7C@6-(76)!@(776,/4L!3,!()6A!'6!-3-!@+4@(4+/3C,)!V+4C,D!53/E!
T6/6!U36D64!+,-!R4+,!OC,6)W!C,!6HH6@/)!CH!)4CK6!+,-!53,-0!E64K3,D!/C!-6H3,6!/E6!7(46)!C,!76@C7-!643D3*343/LA!
'6!E+)!@C,/73*(/6-!/C!6F67L!6-3/3C,!CH!/E6!&#1'0(%.(/01'(2(3$%!'#6()1'(0%./31/70!+,-!E+)!*66,!/E6!
6-3/C7!CH!/E+/!K(*43@+/3C,!)3,@6!3/!56,/!C,43,6!3,!"IIIA!
!
!
!
!
*)%+$,"+(-!
<J"J!_34-5CC-!`73F6!
a,-56440!&b!"<J%$!
%$J;J#%;:#%%!
R4+,OC,6)?)/,LA77A@C>!
!
!
!
!
!
!
!
!
!
!
!
!
!"#$#%6'()*$+%87/3%9#3(0!
!
!
!
R4+,!3)!/E6!3,F6,/C7!CH!/E6!cOC,6)!GC(,/67W0!/E6!C-C>6/67;43Q6!3,)/7(>6,/!5E3@E!3)!/E6!C,4L!CHH3@3+4!
-6F3@6!HC7!>6+)(73,D!7C+-!7+@6!@C(7)6)!+7C(,-!/E6!5C74-!+,-!E+)!*66,!()6-!/C!>6+)(76!84L>K3@!
Y+7+/EC,)!)3,@6!"IJ%A "!
!
!
!
!
S,!"IJ$0!R4+,!7+,!+!7+@6!,6+7!E3)!EC>6!/C5,!/E+/!5+)!+-F67/3)6-!+)!=$!Q>0!*(/!E3)!H3,3)E3,D!/3>6!/C4-!
E3>!/E6!@C(7)6!5+)!)EC7/A!G+43*7+/3,D!E3)!@+7N)!C-C>6/67!C,!+,!S,/67)/+/6!E3DE5+L0!E6!HC(,-!/E6!@C(7)6!
/C!*6!+*C(/!+!>346!)EC7/A!'6!/E6,!*6@+>6!/E6!7+@6!-376@/C7!CH!/E6!7+@60!@E+,D6-!/E6!F6,(60!+,-!,66-6-!
+!5+L!/C!>6+)(76!/E6!,65!@C(7)6A!P)3,D!+!@C(,/67!H7C>!+,!C4-!SBY!>+@E3,6!+,-!4+)E3,D!3/!/CD6/E67!53/E!
/E6!D6+7!H7C>!+!*3@L@46!C-C>6/670!E6!>6+)(76-!/E6!@C(7)6!()3,D!M6-!GC7*3//N)!3,)/7(@/3C,)!C,!EC5!/C!
>6+)(76!+!@C(7)6A!S/!/CCQ!/E766!>6+)(76>6,/)!*6HC76!M6-!@67/3H36-!/E6!@C(7)6A!
S,!"IJ=0!M6-!+)Q6-!R4+,!/C!>+Q6!":!CH!/E6!,65!>6+)(76>6,/!-6F3@6)!HC7!E3>!/C!-3)/73*(/6!/C!C/E67!
>6+)(767)A!!R4+,!+)Q6-!E3)!,3,6;L6+7;C4-!)C,0!G4+3,0!/C!>+Q6!/E6!@C(,/67!5E3@E!E6!-3-!(,/34!E6!D7+-(+/6-!
H7C>!E3DE!)@ECC4!3,!"I#=A!S,!/C/+40!OC,6)!>+-6!+!/C/+4!CH!=0<2"!@C(,/67)!*6HC76!/(7,3,D!/E6!*()3,6))!CF67!
/C!/E6!&65!bC7Q!UC+-!U(,,67)!G4(*A!
!
!
!
R4+,!3)!+4)C!/E6!+(/EC7!CH!/E6!KCK(4+7!7+@6!>+,+D6>6,/!)CH/5+76!,13:6#'(%+,-!/E6!@76+/C70!+4C,D!53/E!
U6[!'+7F6L0!CH!/E6!P.RM]d_C74-!Y+)/67)!R/E46/3@)!V_YRW!+D6;D7+-3,D!/+*46)A! S,!+--3/3C,0!E6!HC(,-6-!
CH!/E6!M73K46!G3/36)!U(,,67)!G4(*!3,!/E6!B3,DE+>/C,0!&b!+76+!+,-!5+)!K76)3-6,/!(,/34!"I#%A!8F67!/E6!
L6+7)!E6!E+)!/7+3,6-!)6F67+4!@4(*!>6>*67)!EC5!/C!>6+)(76!@C(7)6)!)C!/E+/!,C5!B3,DE+>/C,!3)!Q,C5,!
*L!7(,,67)!+)!+,!+76+!53/E!>+,L!@67/3H36-!@C(7)6)A!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
"!!!
R!-6/+346-!c'3)/C7L!CH!/E6!OC,6)!GC(,/67e!@+,!*6!+@@6))6-!+/!!E//Kfdd555A()+/HAC7DdR*C(/dGC>>3//66)dZC,D;!
`3)/+,@6;U(,,3,DdUC+-;U(,,3,D;M6@E,3@+4;GC(,@34d'3)/C73@+4;S,HC7>+/3C,dOC,6);GC(,/67A+)K[!
!
!
.%/01$2%34!
TA8A!BC[!#==!
TC7/!_+)E3,D/C,0!&b!""$:$!
Q+/\?H477/A@C>!
!
!"#$#%6'()*$+%;/<*)%=/$>!
!
!
!
!
`+F3-!3)!53-64L!76,C5,6-!3,!/E6!*C/E!P.RM]!+,-!SRR]0!+,-!3)!76D+7-6-!*L!>+,L!/C!*6!+!K3C,667!+,-!+,!
+(/EC73/L!3,!/E6!/6@E,3@+4!H+@6/)!CH!@C(7)6!>6+)(76>6,/A!!8F67!/E6!K+)/!2$!L6+7)0!E6!E+)!>6+)(76-!>C76!
/E+,!"0$$$!7+@6!@C(7)6)!+,-!)67F6-!*C/E!C7D+,3\+/3C,)!3,!+!F+736/L!CH!KC)3/3C,)!/E+/!76X(376!6[K67/3)6!3,!
/E6!/6@E,3@+4!+)K6@/)!CH!7C+-!7+@6)0!+,-!/7+@Q!g!H364-!6F6,/)A! `+F3-!>6+)(76-!E3)!H37)/!7C+-!@C(7)6!3,!
"IJ%!+))3)/3,D!53/E!+!4C@+4!M(7Q6L!M7C/!+,-!E6!E+)!,C/!)/CKK6-!>6+)(73,D!)3,@6A!
S,!"IJ#0!E6!*6@+>6!+!>6>*67!CH!/E6!RRP!./+,-+7-)!GC>>3//66h!@E+376-!*L!/E6!M6-!GC7*3//A!!'6!Q,65!
M6-!GC7*3//!K67)C,+44L!+,-!@C,)3-676-!E3>0!3,!`+F3-N)!5C7-)0!c>L!/6+@E670!>6,/C7!+,-!H736,-Ae! `+F3-!
+4)C!57C/6!)C>6!CH!/E6!C73D3,+4!@C(7)6!>6+)(73,D!+7/3@46)!+)!5644!+)!*63,D!+!>6>*67!CH!/E6!&+/3C,+4!
U(,,3,D!`3)/+,@6!G6,/67A! _C7Q3,D!53/E!96,!bC(,D0!`+F3-!K67HC7>6-!)C>6!CH!/E6!6+7436)/!cF673H3@+/3C,!
>6+)(76>6,/)e!5E3@E!46-!/C!/E6!+@@6K/+,@6!CH!R>673@+,!+,-!_C74-!7C+-!7+@3,D!76@C7-)A!
!
!
!
!
`+F3-!3)!+,!SRR]dRSY.!cRe!i7+-6!>6+)(767!5EC!E+)!>6+)(76-!3,!)6F67+4!)/+/6)!+,-!@C(,/736)0!+,-!+/!/E6!
E3DE6)/!46F64)!CH!@C>K6/3/3C,!3,!/E6!)KC7/0!3,@4(-3,D!/E6!HC(7!84L>K3@!i+>6)!Y+7+/EC,)!+,-!7+@6!5+4Q)A!
'6!5+)!/E6!C,4L!+KKC3,/6-!UC+-!GC(7)6!Y6+)(767!HC7!/E6!ZC,-C,!i+>6)!3,!=$"=0!+,-!+D+3,!+/!/E6!=$"%!
84L>K3@)!3,!U3CA!!'6!E+)!+4)C!)67F6-!+)!M6@E,3@+4!Y+,+D67!3,!)6F67+4!P.R!84L>K3@!Y+7+/EC,!+,-!M7+@Q!g!
]364-!M73+4)A!
_3/E3,!P.RM]0!E6!@(776,/4L!3)!C7!E+)!)67F6-!+)!+!>6>*67!CH!/E6!U(46)!GC>>3//66!+,-!/E6!Y+)/67j)!ZC,D!
`3)/+,@6!a[6@(/3F6!GC>>3//66A!!'6!3)!/E6!P.RM]!M6@E,3@+4!Y+,+D67!+/!/E6!Y+)/67)!Z6F640!+)!5644!+)!+!
Y+)/67!8HH3@3+4A! R)!+,!UUMG!CHH3@670!`+F3-!E+)!4C,D!)67F6-!+)!/E6!]3,3)E!Z3,6!GE+37!+,-!5+)!+!@C,/73*(/C7!
/C!*C/E!/E6!P.RM]!GC(7)6!Y6+)(76>6,/!Y+,(+4!+,-!@C;+(/EC7!CH!/E6!P.RM]!]3,3)E!Z3,6!Y+,(+4A!
!
!
_3/E3,!SRR]0!E6!3)!+!HC(7!/67>!>6>*67!CH!/E6!SRR]!M6@E,3@+4!GC>>3//660!+,-!C,6!CH!C,4L!/E766!
3,/67,+/3C,+4!7C+-!7+@6!CHH3@3+4)!HC7!/E6!5C74-A!!'6!E+)!)67F6-!+)!/E6!S,/67,+/3C,+4!G7C))!GC(,/7L!g!UC+-!
U+@6!8HH3@3+4!VSGU8W!+,-!3)!C,4L!)6@C,-!R>673@+,!/C!E+F6!)67F6-!+)!+!M6@E,3@+4!`646D+/6!+/!+!_C74-!
GE+>K3C,)E3K)!h_C74-!O(,3C7)h!=$"$0!_C74-!S,-CC7)!=$"=!g!=$"%A! '6!3)!+4)C!+!>6>*67!CH!/E6!a-3/C73+4!
BC+7-!HC7!/E6!SRR]!]+@343/36)!Y+,(+4A!
!
!
ME6!HC(,-67!CH!]3,3)E!Z3,6!/3>3,D!@C>K+,L!3,!"IJ#0!`+F3-!E+)!)3,@6!+))3)/6-!3,!CF67!<0$$$!7+@6)!
3,/67,+/3C,+44LA!!'6!E+)!+4)C!5C7Q6-!6[/6,)3F64L!53/E!/E6!&65!bC7Q!UC+-!U(,,67)!+,-!)67F6)!+)!/E6!
@C(7)6!)(7F6LC7!+,-!/6@E,3@+4!+-F3)C7!HC7!/E6!&65!bC7Q!G3/L!Y+7+/EC,A!
!
!
11!
!
!
5"'$2+0673!
<$J!`+7/>C(/E!RF6!
.+,!G+74C)!GR!I2$J$!
%:$;="$;%%#2!
/-/Q,3DE/?D>+34A@C>!
!"#$#%6'()*$+%?7/3(%?/6"(7#'!
!
!
!
!
!
!
!
MC>!*6@+>6!3,FC4F6-!3,!@C(7)6!>6+)(76>6,/!3,!/E6!6+74L!"I#$)A!'6!E+-!,C/3@6-!/E+/!7(,,67)N!/3>6)!3,!
7+@6)!CH!/E6!)+>6!-3)/+,@6!)66>6-!/C!F+7L!534-4LA!!!.C!E6!)/+7/6-!+//6,-3,D!>66/3,D)!53/E!C/E67!
>6+)(767)!C,!/E6!_6)/!GC+)/!+,-!-C3,D!E3)!C5,!>6+)(76>6,/)!+H/67!7(,,3,D!7+@6)A!!R!KEL)3@3)/!+,-!
@C>K(/67!+,+4L)/0!MC>!5+)!>6/3@(4C()!+*C(/!>6+)(76>6,/!>6/EC-)!+,-!X(3@Q4L!D+3,6-!+!)C43-!
76K(/+/3C,!HC7!+@@(7+@L!+/!+!/3>6!5E6,!/E6!)KC7/!CH!7C+-!7+@3,D!5+)!*6@C>3,D!K7CH6))3C,+43\6-A!
S,!)EC7/0!E3)!K3C,6673,D!6HHC7/)!+/!F+43-+/3,D!7C+-!7+@6)!E64K6-!-73F6!EC>6!/E6!,66-!/C!>+Q6!3,3/3+4!
@C(7)6!>6+)(76>6,/)!>C76!+@@(7+/6A!
R>C,D!E3)!>+,L!+@@C>K43)E>6,/)!+76!E3)/C73@+4!F+43-+/3C,!>6+)(76>6,/)!CH!)6F67+4!E3DE;K7CH346!7+@6)A!
S,!"I#=0!E6!F+43-+/6-!/E6!&3Q6!8MG!Y+7+/EC,!h!/E6!L6+7!OC+,!B6,C3/!)6/!+!,65!R>673@+,!5C>6,N)!
>+7+/EC,!76@C7-A!!S,!"I#<0!K73C7!/C!/E6!B+L!/C!B76+Q67)!7+@60!E6!-3)@CF676-!/E+/!/E6!@C(7)6!5+)!)EC7/!CH!
/E6!+-F67/3)6-!"=!Q>!-3)/+,@6!+,-!@C,F3,@6-!/E6!C7D+,3\67)!/C!+-k()/!/E6!7C(/6A! ME+/!L6+7!E6!5+)!+4)C!
K+7/!CH!/E6!>6+)(76>6,/!/6+>!HC7!/E6!"I#2!84L>K3@!Y+7+/EC,!3,!ZC)!R,D646)A!!S,!"I#20!+4C,D!53/E!
`+F3-!9+/\0!E3)!76;>6+)(76>6,/!CH!/E6!&65!bC7Q!G3/L!Y+7+/EC,!HC(,-!/E6!"I#"!KC3,/;/C;KC3,/!@C(7)6!
)EC7/!*L!,6+74L!":$!>6/67)0!/E()!3,F+43-+/3,D!/E6!+KK+76,/!5C74-;76@C7-!)6//3,D!/3>6)!CH!R4*67/C!.+4+\+7!
+,-!R443)C,!UC6A!
_3/E!,6+74L!2I$!@67/3H3@+/3C,)!@(776,/4L!C,!/E6!P.RM]!GC(7)6!.6+7@E!)3/6!l!+,-!>+,L!>C76!/E+/!
K76@6-6-!/E6!@76+/3C,!CH!/E6!-+/+*+)6!l!MC>!@C,/3,(6)!E3)!@C(7)6!>6+)(76>6,/!+@/3F3/36)!/C!/E3)!-+L0!
/CD6/E67!53/E!+!4C,D;)/+,-3,D!3,FC4F6>6,/!3,!/E6!>6+)(76>6,/!CH!/E6!.+,!]7+,@3)@C!Y+7+/EC,!+,-!B+L!
/C!B76+Q67)0!+)!5644!+)!C/E67!K76)/3D3C()!7+@6)!)(@E!+)!/E6!B3D!.(7!Y+7+/EC,!+,-!/E6!&+K+!^+446L!
Y+7+/EC,A!!S,!UUMG0!E6!E+)!*66,!/E6!76D3C,+4!@67/3H367!HC7!P/+E!+,-!GC4C7+-C!+,-0!)3,@6!"I##0!HC7!
_LC>3,DA!'6!3)!+4)C!+!@C,/73*(/C7!/C!/E6!GC(7)6!Y6+)(76>6,/!+,-!G67/3H3@+/3C,!T7C@6-(76)!Y+,(+4A!!S,!
=$"$0!MC>!5+)!/E6!76@3K36,/!CH!/E6!P.RM]!.@C//!'+>34/C,!R5+7-!*6)/C56-!*L!/E6!Y6,N)!Z`U!
GC>>3//66!HC7!46+-67)E3K!+/!/E6!R))C@3+/3C,!46F64A!
MC>!*6)/!)(>)!(K!E3)!@C(7)6!>6+)(76>6,/!@+7667!3,!+!=$"%!,133('@0%A#'7)%+7/3@46!3,!5E3@E!E6!5+)!
X(C/6-!+)!)+L3,Df! cO()/!*6@+()6!)C>6*C-L!E+)!)C>6/E3,D!)/+>K6-!+,-!3/!)+L)!3/N)!@67/3H36-!-C6),N/!
>6+,!/E+/!3/N)!+@@(7+/6A!S!5+),N/!/7L3,D!/C!>+Q6!+!,+>6!HC7!>L)64HA!B(/!S!k()/!/EC(DE/!/E+/!7+@6)!/E+/!
5676!+-F67/3)6-!+)!@67/3H36-!)EC(4-!*6!/E6!73DE/!-3)/+,@6A!ME6)6!5676!*3D!3>KC7/+,/!7+@6)0!+,-!+!4C/!CH!
/CK!)/+7)!7+,!/E6>A!.C!S!Q,65!3H!+,L!@C(7)6!5+)!/C!*6!+@@(7+/60!/E6)6!)EC(4-!*6Ae "!
"!
B4+,6!B+@E64C70!ca43/6!GC(7)6!Y6+)(767f!cSN>!+!U6+4!T+3,!HC7!.C>6!U+@6!`376@/C7)e!
E//Kfdd555A7(,,67)5C74-A@C>dD6,67+4;3,/676)/d643/6;@C(7)6;>6+)(767;3>;+;76+4;K+3,;HC7;)C>6;7+@6;-376@/C7)!
!
*'8$9":--!
!
!
"""J!Z+Q6!M677+@6!1""=!
BCL,/C,!B6+@E0!]Z!<<2=%!
%$<;%=$;<2<=!
+>L>C7))?D>+34A@C>!
!
!
!
!"#$#%6'()*$+% 82B%.#'00!
R>L!5+)!+!46+-67!3,!/E6!3,/6D7+/3C,!CH!5C>6,!3,/C!/E6!H364-!CH!@C(7)6!>6+)(76>6,/0!+,-!5+)!UUMGN)!
H37)/!5C>+,!H3,+4!)3D,+/C7LA!
!
!
.E6!*6D+,!>6+)(73,D!3,!GC,,6@/3@(/!3,!/E6!6+74L!"I#$)!5E346!)67F3,D!+)!76D3)/7+7!HC7!MRG!3,!/E+/!)/+/6A!
RH/67!76+-3,D!+,!+7/3@46!+*C(/!/E6!,66-!HC7!>C76!>6+)(767)0!R>L!4+/67!57C/60!cS!*C(DE/!/E6!>+,(+40!+!
OC,6)!GC(,/670!+,-!CHH!S!56,/Ae!.CC,!)E6!>6/!_+L,6!&3@C44!5EC0!+4C,D!53/E!E3)!53H6!.+44L0!*6@+>6!R>LN)!
>6,/C7)!3,!>6+)(76>6,/A!
!
!
S,!"I##0!+H/67!764C@+/3,D!/C!&65!bC7Q0!R>L!5+)!76@7(3/6-!/C!kC3,!/E6!H37)/!+44;5C>6,N)!>6+)(76>6,/!/6+>!
HC7!/E6!"I##!84L>K3@!Y+7+/EC,!M73+4)!E64-!3,!T3//)*(7DEA!!.E6!@C,/3,(6-!E67!3,FC4F6>6,/!3,!84L>K3@;46F64!
>6+)(73,D!HC7!/E6!"II=!_C>6,N)!84L>K3@!Y+7+/EC,!M73+4)!3,!'C()/C,0!+)!5644!+)!/E6!"II%!+,-!=$$$!
_C>6,N)!84L>K3@!Y+7+/EC,!M73+4)!E64-!3,!GC4(>*3+0!.GA!
!
!
!
!
S,!"II$0!3,!+,C/E67!H37)/0!R>L!5+)!+KKC3,/6-!U6D3C,+4!G67/3H367!HC7!&65!bC7Q0!>+7Q3,D!/E6!H37)/!/3>6!+!
5C>+,!5+)!+!)/+/6!@67/3H3670!+!KC)3/3C,!)E6!76/+3,6-!HC7!"%!L6+7)!*6HC76!)/6KK3,D!-C5,!+/!/E6!6,-!CH!
=$$:A!
R>L!3)!,C5!76/376-!+,-!76)3-6)!3,!]4C73-+A!
!
!
!
!
!
!
!"#$57&:-3"+!
"<!96,,6-L!./!&a!
_+)E3,D/C,!`G!=$$""!
=$=;J=%;":"#!
7/E(7)/C,22?D>+34A@C>!
!"#$#%6'()*$+%?#C%-"1'0$#3!
BC*N)!@+7667!3,!@C(7)6!>6+)(76>6,/!*6D+,!3,!"I#$!53/E!+!KEC,6!@+44!/C!E64K!>6+)(76!+!@C(7)6A!PK!/C!
/E+/!KC3,/!E3)!K+7/3@3K+/3C,!3,!7C+-!7(,,3,D!5+)!+)!+!53,,3,D!(4/7+;7(,,67!+,-!+!=f=<!>+7+/EC,67A! B(/!
+H/67!46+7,3,D!5E+/!@C(7)6!>6+)(76>6,/!5+)!+44!+*C(/0!E6!HC(,-!+!5EC46!,65!5+L!/C!@C,/73*(/6!/C!/E6!
)KC7/!E6!4CF6)!h!C,6!/E+/!E6!)+L)!3)!+/!46+)/!+)!6[@3/3,D!+)!7(,,3,D!h!+,-!E6!@C,/3,(6)!/C!D3F6!*+@Q!/C!/E6!
)KC7/!/C!/E3)!-+LA!
!
!
a+74L!3,!E3)!>6+)(76>6,/!@+76670!BC*!5C7Q6-!@4C)64L!53/E!E3)!>6,/C70!RO!^+,-675++4A!!MCD6/E67!/E6L!
5C(4-!DC!C,!>6+)(76>6,/!6[K6-3/3C,)A!!BC*!5C(4-!/E6,!@C>K46/6!/E6!K+K675C7Q!+,-!>+K0!+,-!)(*>3/!
/E6>!/C!M6-!GC7*3//A!!S,!/E3)!5+L!E6!5+)!+*46!/C!46+7,!H7C>!RON)!6[K67/3)6!+)!+!K7CH6))3C,+4!)(7F6LC7A!
!
!
S,!"I#<0!BC*!56,/!C,!/C!*6@C>6!+KKC3,/6-!76D3C,+4!@67/3H367!HC7!`G0!Y+7L4+,-0!^37D3,3+!+,-!_6)/!
^37D3,3+A!!G(776,/4L0!E6!)67F6)!3,!/E+/!@+K+@3/L!HC7!`G!+,-!^37D3,3+A!!'6!E+)!+4)C!@C,/73*(/6-!/C!/E6!GC(7)6!
Y6+)(76>6,/!T7C@6-(76)!Y+,(+4A!!ME7C(DEC(/!/E3)!4C,D!@+76670!E6!E+)!@C,/3,(6-!E3)!K7C43H3@!5C7Q!+)!+!
>6+)(767A!!R)!CH!`6@6>*67!=$"%0!BC*!E+-!>6+)(76-!+!/C/+4!CH!,6+74L!##$!@C(7)6)!HC7!@67/3H3@+/3C,A! R)!
+,!SRR]dRSY.!i7+-6!R!>6+)(7670!E6!E+)!>6+)(76)!@C(7)6!3,!S,-C,6)3+!+,-!.C(/E!9C76+0!+,-!E+)!
/7+F6446-!>+,L!/3>6)!/C!B67>(-+0!*C/E!/C!>6+)(76!+,-!/C!/7+3,!,65!>6+)(767)A!
!
!
BC*!+->3/)!/C!*63,D!k()/!+)!H+,+/3@+4!+*C(/!>6+)(73,D!+)!5+)!-(73,D!/E+/!KEC,6!@C,F67)+/3C,!<%!L6+7)!
+DCA!'6!6,kCL)!/E6!*3Q3,D0!/E6!>+/E0!-7+53,D!/E6!>+K)0!/E6!3,FC4F6>6,/!53/E!-3)/+,@6!7(,,3,D0!>66/3,D!
4C/)!CH!D76+/!HC4Q)0!+,-!*63,D!K+7/!CH!/E6!/6+>!CH!)>+7/0!-6-3@+/6-!>6+)(767)!3,!UUMGA!'3)!@(776,/!
+>*3/3C,!3)!/C!H3,-0!6,@C(7+D60!+,-!>6,/C7!>C76!VLC(,D67mW!HC4Q)!/C!@C,/3,(6!/E6!5C7Q!CH!@C(7)6!
>6+)(76>6,/A!
!
!
!
!
2(+$;"&+6!
T8!BC[!="I!
T6/7C43+0!GR!I:::#!
J$J;%=I;<2<$!
Q6,LC(,D?534-*4(6A,6/!
D!"#$#%6'()*$+%;#C0#3%E2/F(0G!
96,!*6D+,!>6+)(73,D!7C+-!7(,,3,D!@C(7)6)!)3,@6!"IJ=A!!'3)!H37)/!@67/3H3@+/3C,!5+)!HC7!/E6!/E6,;MRGdP.R!
<$9!,+/3C,+4!@E+>K3C,)E3K!3,!GE3@+DC!3,!"IJ<A!ME6!@C(7)6!@C>K73)6-!+!/5C!>346!4CCK!>6+)(76-!53/E!+!
)/664!/+K6!*L!+!/6+>!CH!K6CK46!c6+@E!EC4-3,D!+!5CC-6,!*4C@Q!53/E!+!4+7D6!,+34!K7C/7(-3,D!/C!D(3-6!/E6!
/+K6!+7C(,-!@(7F6-!)6@/3C,)Ae!!.3,@6!/E6,!E6!E+)!>6+)(76-!)@C76)!CH!@C(7)6)!3,!G+43HC7,3+!+,-!R73\C,+0!
>+,L!CH!5E3@E!+76!3,!/E6!C,43,6!-+/+*+)6A!
!
!
96,!5C7Q6-!53/E!M6-!GC7*3//!6+74L!C,!3,!6)/+*43)E3,D!/E6!K7C@6-(76)!+,-!>6/EC-)!CH!@C(7)6!
@67/3H3@+/3C,A!! _E6,!M6-!3,)/3/(/6-!/E6!)EC7/!@C(7)6!K76F6,/3C,!H+@/C70!E6!,C/6)0!/E+/!c>+-6!3/!KC))3*46!
HC7!>6!/C!+-F+,@6!7(46)!HC7!7C+-!76@C7-!Q66K3,D!+,-!D6/!/E6>!+@@6K/6-!*L!V/E6,W!MRG!3,!/E6!6+74L!
"I#$j)Ae!!'3)!@C,/73*(/3C,!/C!/E6!K7C@6))!5+)!/E6!KC)/;7+@6!F+43-+/3C,!HC7!76@C7-)A! '6!+77+,D6-!HC7!`+F3-!
9+/\!/C!-C!/E6!H37)/!F+43-+/3C,)0!/E6)6!HC7!/E6!i+)K+7344+!":9!+,-!O+@Q)C,F3446!U3F67!U(,!":90!+D+3,!3,!/E6!
F67L!6+74L!"I#$j)A!
!
!
R4C,D!53/E!T6/6!U36D640!96,!5+)!+4)C!3,)/7(>6,/+4!3,!6)/+*43)E3,D!/E6!UC+-!U(,,3,D!M6@E,3@+4!GC(,@34!*L!
D6//3,D!T6/6N)!+KKC3,/>6,/!/C!@E+37!/E6!UUMG!@46+76-!/E7C(DE!BC*!G+>K*6440!/E6!VY6,j)!Z`U!GE+37!+/!/E6!
/3>6A!
!
!
96,N)!@C,/73*(/3C,!/C!/E6!)KC7/0!EC56F670!6[/6,-)!5644!*6LC,-!E3)!@C(7)6!>6+)(76>6,/!+@/3F3/36)!+,-!
-66K!3,/C!/E6!76+4>!CH!76@C7-;Q66K3,D!)/+/3)/3@)!HC7!7C+-!7+@6!K67HC7>+,@6)A!!S,!/E6!"IJ$j)0!96,!HC(,-6-!
/E6!&+/3C,+4!U(,,3,D!`+/+!G6,/67!+,-!h!*6@+()6!E6!E+-!+!4C/!CH!/E6!-+/+!,6@6))+7L!/C!-C!)C!h!5+)!
)(*)6X(6,/4L!+)Q6-!/C!Q66K!7C+-!76@C7-)!HC7!/E6!Z`U!GC>>3//660!5E3@E!E6!-3-!CHH3@3+44L!H7C>!"IJI!/C!
"I##A! .3,@6!=$$<!E6!E+)!E6+-6-!(K!/E6!56*)3/6!V++7)A,6/W!HC7!/E6!R))C@3+/3C,!CH!UC+-!U(,,3,D!
./+/3)/3@3+,)!VRRU.W0!5E3@E!/E6!5C74-53-6!cDC;/Ce!76)C(7@6!HC7!F37/(+44L!+,L!Q3,-!CH!7C+-!7+@6!76@C7-A!