'(
+0)93-:.9)5B61:,-3);9)=-9:-
)91:
+
D-070?@=94924;;:8090>,9/?,7,9?,49?:4:9>
&
(1$1':$6+,16(3,$,1.213$3(5
;00
(
96A2:?E6C92C=6DC2?O@:D56=2(C2G6CD6H2D
2>@?8E967@C6:8?2CE:DEDH9@2CC:G65:?'A2:?:?
E96E946?EFCJ2?5=67EE96:C>2C<@?E962CE@7E92E
4@F?ECJ:@8C2A9:42=:?7@C>2E:@?@? 2(C2G6CD6:DD42C46
3FE:E:D<?@H?E92E96H2D3@C?:?$2C:D:?
2?53682?
9:DEC2:?:?8E96C6H:E9C2?O@:D@F496C?
96H2D2H2C565:CDE$C:K62EE96&@J2=4256>J@7
$2:?E:?82?5'4F=AEFC67@C9:DA2:?E:?8@7%:-4,>-@=D492?300,/
'2:?E6D!FDP656D62FICED2D24@?D6BF6?46@7H9:49
96C646:G652E9C66J62C8C2?EE@DEF5J:?&@>6(96C6 2
(C2G6CD6]DE649?:BF6C2A:5=J25G2?4652?596H2D4@?D:56C65
E96>@DEAC@>:D:?8C6?492CE:DE@79:D86?6C2E:@?2724E
E92EH@F=582:?9:>7FCE96C8C2?ED2?5DFAA@CEE@7F?59:D
E:>6:?&@>62?59:DDEF5:6D2G:?84@>A=6E659:DEC2:?:?8
:?&@>696H6?EE@"2A=6DE@D66E96C646?E2C4926@=@8:42=
5:D4@G6C:6D2E6C4F=2?6F>>66E:?8E96!2CBF:D5]#DDF?
C6?49>32DD25@CE@"2A=6DH9@>96DF3D6BF6?E=J
244@>A2?:65@?5]#DDF?]DEC2?D76CE@!25C:5:??E96
'A2?:D942A:E2= 2(C2G6CD65:5?@E@3E2:?E9656D:C654@FCE
4@>>:DD:@?D2?5E9FD56G@E65>F49@79:DE:>6E@E6249:?8
6H2D56D4C:3653J4@?E6>A@C2C:6D2D2DEC:4E>2DE6CH9@
7@C3256E964@AJ:?8@7AC:?ED:?72G@FC@7E96DEF5J@7
4=2DD:42=D4F=AEFC62?5=:765C2H:?8?@E96C:>A@CE2?E
7246E@7 2(C2G6CD6]D24E:G:E:6D:?!25C:5H2DE966I64FE:@?
@7A2:?E:?8D:?H9:49244@C5:?8E@6N?9656G6=@A65
Z2==9:DDEJ=6D2?55:776C6?E>2??6CDE@E966IE6?EE92E:E:D
5:7`4F=EE@<?@H:?H9:4986?C696H2D36DEE@;F5867C@>
E966I2>A=6D3J9:D92?5:?@:=E6>A6C22?5>:?:2EFC6:?
9:DE@CJA2:?E:?8A@CEC2:EDa@H6CD2?5=2?5D42A6D+96?
4@>A@D:?82A2:?E:?8965:DA=2J652?6?@C>@FD=J76CE:=6
:>28:?2E:@?2?5>F496CF5:E:@?[
6DA:E6E9:DE96@?=J
<?@H?AC@@7@79:D23:=:E:6D5FC:?89:D'A2?:D9A6C:@5
:DE967702:=D:1?304=?3:1,991,9?0!25C:5!FD6@ NK2C@
2=5:2?@?A@@C962=E9 2(C2G6CD6C6EFC?65E@$2C:D:?
2?5>2J92G65:65E96C6E92EJ62C
?4@?EC2DEE@E96=:>:E65?F>36C@7DFCG:G:?8
A2:?E:?8D3J 2(C2G6CD62=2C86?F>36C@75C2H:?8D2C6
<?@H?(96:3=:@E642"24:@?2=:?!25C:592D2C@F?5`7EJ
D966EDC6G62=:?82?2CE:DEH:E92D@=:54=2DD:42=EC2:?:?83FE
@?6`=E6C65E9C@F8925:DE:?4E:G62?5F?:BF6DEJ=6(96D6
5C2H:?8D56A=@J2&@4@4@DA:C:E:?E96D@7EF?5F=2E:?8=:?6D
E92E2C6FD65E@4C62E6H6==32=2?465D@=:54@>A@D:E:@?D
3@G62==E96J>2<6FD6@7>2C<654@?EC2DED@7=:89E2?5
D92564C62E65E9C@F89;F5:4:@FD=J2AA=:65D6A:2H2D96DD2
C6DF=E4@==64E@CD:?!25C:52EE96E:>6>FDE92G64@?D:56C65
2(C2G6CD6]DH@C<D2ZD@CE@77C66C6=2I65@2D:D:?4@?EC2DEE@
8C@H:?824256>:4C:8@FC[
(96AC6D6?EF?AF3=:D9655C2H:?856A:4EDD-070
?@=94924;;:8090>,9/?,7,9?,49?:4:9>(96AJC2>:52=
4@>A@D:E:@?=625DE966J62=@?8K:8K288:?8=:?6D2EE96
$;,94>3
7/,>?0=:/0=9=,B492>
E@A@7H9:49:DE96`8FC6@7J36=6D:EE:?8@?E96@E96C
`8FC6DH9:4924E2D96CE9C@?6#?96C9625:DE96
4C@H?@7E@H6CDEC25:E:@?2==JFD65:?E96:4@?@8C2A9J@7
E9:D8@556DD'96C6DED96C=67E2C>@?2=:@?2?@E96C
@796CEC25:E:@?2=EC:3FE6DH9:4996C6C6AC6D6?EDE96
EC2?D7@C>2E:@?@7:AA@>6?6DH9:=6E96@E96C92?59@=5D
2D46AEC62?@E96C@796C2EEC:3FE6D6=@HE968@556DD2C6
G2C:@FD92A92K2C5=J2CC2?865`8FC6D>2<:?8:E:D5:7`4F=E
E@5:D46C?H96C6@?66?5D2?52?@E96C368:?D?E9:D
C6DA64EE964@>A@D:E:@?:DD:>:=2CE@E92EE@36D66?:?E96
5C2H:?87702:=D:1490=A,3J 2(C2G6CD6:?E96!FD6@56=
$C25@
>@?8E968C@FA@7`8FC6DE92E>2<6
FAJ36=6]DE9C@?6D66?7C@>=67EE@C:89E2C6FA:5=J:?8
@?9:D324<2?5DJ>3@=:D:?842C?2==@G625@G62==F5:?8E@
*6?FD8@556DD@7=@G62?5`?2==JE2=2?E25C6DD652D2?
2>2K@?3@F?53J962GJ492:?D2?5?@EJ6EEC2?D7@C>65
:?E@2=:@?(965C2H:?8E9FDC6AC6D6?EDE96AF?:D9>6?E@7
:AA@>6?6D2?5E2=2?E27@C6?;@J:?8E9656=:89ED@7=@G6
H:E9:?E968@556DDJ36=6]DD2?4EF2CJ@E9H6C6EFC?65
:?E@=:@?D2DE96C66<D4@?D:56C65E92EE96D62?:>2=D5:5
?@E>2E6E9FD4@?56>?:?8E96>E@D@=:E2CJ=:G6D
'EJ=:DE:42==JE9:D5C2H:?842?36C6=2E65E@2D6C:6D@7
D966ED3JE962CE:DE@?>JE9@=@8:42=DF3;64EDC6=2E65E@=@G6
"@H:?E96:3=:@E642"24:@?2=E96JH6C6A2CE@72?2=3F>
36=@?8:?8E@$65C@@?KN=6K56'FAU=G652?D@>6
@7E96>:?4=F5:?8'09@>,9/,=>:?G?@%30
@/2809?:1!,=4>:?G?@%30#,;0:1!=:>0=;49,:?G
?@
2?5!D=,8@>,9/%34>-0:?G?@
E96AJC2>:52=4@>A@D:E:@?2?5E649?:BF62C66IEC6>6=J
4=@D6E@E96AC6D6?EH@C<(9:D:D2=D@E9642D6H:E9C682C5E@
E96>2??6C@75C2H:?8E96`8FC6DH9:492C64C62E657C@>
D:?F@FD=:?6D:?A6?H:E9E96=:89ED2?5D9256DDF886DE65
E9C@F89=:89E=J2AA=:65D6A:2H2D9(965:>6?D:@?D2C6
2=D@4@>A2C23=68:G6?E92EE965C2H:?8D:?E96:3=:@E642
"24:@?2=>62DFC62AAC@I:>2E6=JI
>>:?@E96C
H@C5D2=>@DEE96D2>62DE96AC6D6?ED966E3J@?=J276H
46?E:>6EC6DE42?E96C67@C636DF886DE65E92EE96AC6D6?E
5C2H:?8>2J92G6366?A2CE@7E9:DD6C:6D@7>JE9@=@8:42=
5C2H:?8D@?2>@C@FD>JE9@=@8:42=E96>6D2?5H2DE9FD
AC@5F4652EE96D2>6E:>65FC:?8 2(C2G6CD6]D'A2?:D9
A6C:@5H96?E962CE:DEH2D2EE9696:89E@79:D4C62E:G6
A@H6CD
6N?6C>U56KG@=*A
6N?6C>U56KG@=*AA
(9:DH@C<H2D2EEC:3FE65E@92C=6D56=2(C2G6CD63J&@5CR8F6K!@S:?@
AA(962EEC:3FE:@?:DDE:==?@EF?:G6CD2==J2446AE65
@?H9:49D66N?@G2D56=2DE:==@
C?N:K4@?D:56CDE92E:E:D3J
?E@?:@@?KN=6K*6=NKBF6K'66C?N:KA42E?@
&@5CR8F6K!@S:?@AF3=:D96525@4F>6?EHC:EE6?3J 2(C2G6CD6]D
AFA:=$2C6EJ=4NK2C:?H9:49E96J62C@79:D562E9:DDE2E65E@36
(96:3=:@E642"24:@?2=92D5C2H:?8D
@7H9:492C67C@>2?2=3F>
@75C2H:?8DE92E36=@?865E@$65C@@?KN=6K56'6AU=G65224=@D67C:6?5
@7 F:D$2C6EJ=4NK2CH9:=6E96C6DE92G6G2C:@FDAC@G6?2?46D'66
2C4:2AA?@DE@
2?52=D@'2?5@K
@?KN=6K56'6AU=G652]D2=3F>6?E6C65E96:3=:@E642"24:@?2=:?
7C@>E96!FD6@56=$C25@'66'2?E:28@
A
$PC6K'N?496K2A
2E2=@8F65:?E96!FD6@56=$C25@2D2?7702:=D:1490=A,3FE:?724E
2?7702:=D:1?30,==4,20:13,=70>',9/,=H,@4>,H9@2C656A:4E65@?E96
8@556DD]DD9:6=5(964@>A@D:E:@?H2D6?8C2G653J!2C:2?@'2=G25@C
2C>@?2:?H96?92C=6D2?5!2CR2 F:D2H6C6DE:==$C:?462?5
$C:?46DD@7DEFC:2DC?N:KA42E?@3
?E960?,8:=;3:>0>@@<,#G:5C64@F?ED9@HE2=2?E2H@F=5@?=J
>2CCJ2>2?H9@56762E6596C:?2C2462D2?@C24=6925AC@A96D:65
:AA@>6?6D2D<65E9696=A@7*6?FDH9@E@@<A:EJ@?E96=@G6D:4<J@F?8
>2?2?542>6E@9:D2:57E6C9:DG:4E@CJ9@H6G6C:AA@>6?6D7@C8@E
E@E92?<*6?FDH9@7FC:@FD=J2:>6596C52CED@7=@G62EE96?6H=J>2CC:65
4@FA=62DE96JA2DD65?62CE96E6>A=6@7E968@556DDJ36=6
2CE2C:A
2C4:2AA
#