Vous êtes sur la page 1sur 147

!"#$%&'&(')*(+,&%(-$..

&'/(
!0%("12*%&$(31"%"'"4*35($($6$1*7*&*
(8&4*)%&$(9'&.:&#$7*'"1
;'*%2$:&'&(#"17**
<$#$1$=*(2&(>1"%:
;$:$'*"%(2&(#$1?
@&.:$6"(A"%:&(<$..*%"(8*3B*2$7*(C$1*.)'D
@&%&1$'(++
E#6&1*)'(E$2)')*
A"$1:&(.*(,*.3"'
F1)#(.G%4&1".(35:1&(#"$1:&
<)1:&$(#$17*$'5
0%3B*."$1&$(H@CI
<"#*.$1)'
!"#$%&
""#$%&'(')!)'*('!+,!*-(,!.,!/,0,!1'2(,(')!%3./('!,!4-*,-5!+-(!%6-(,!+,!*,!.7!.,!8%&($93(,:,5!*7*$!+';0-%$$!
%3;/($!%$*$!%'!<$.,-:7!.7!=-*7!4-*,!*'!,)>"
C"1:$/(0%:1J"(2*.3)7*&(3)(A*3)7)'/(0%(:*#6)'()%&*(:1&3&1*($(K*61)*)*/(0%(*)'*&(LMNO
P(?,.,)!-!0-$!=3./!(@.')!%3./('!-*3)3!'%+,!03-(/,-!+,<,%$.,!-A.'(+75!$-(!<$-B-!;$!0-$!-A.'(+7">
Q*'>1&2(((HR&%
S((C'47!!!0$%,5!!!43/34')5!!!!,D4)$*7!!!4(,3/')!!!(,&$0,%/')'$5!23)A@%+'6.,!)-!EA,(./')!*-(,6)!4($<,;/, !
804$,/($/!+$%!;-'-!*-)')'$"!F-0-!!!06-!47(7.$/!!4,!!!*@%+!!,(-0!!!+3-(!!'%!!!/-%*5!!!.'.4$%7!,)!
-'/3*3047/$0$%+'6.,"
SGH!I;/$!A,-/5!!.4'%,!!EA,(./')!;$!8;$!)3<,;/,!';3(!*'!*(-<-;-!*$:0,),!+,!*7)7($,"
S((I(3-(,5!3!0-(,!,(3-(,5!A7/(@%,!*-0-(-+!EA,(./5!.'&2$B,!4(,3/')5!.*3B@%+!'%!2323/!4(,)'%&!+,!(@.!*-(,!
(7.'%7!8%!+$0$%,-B-!*-)07!+,!4,!./(7:$"
S((J($<,;/,!0-$!+,!-4(3-4,5!A7/(@%,!*-0-(-+!EA,(./5!;$!<,$!<,+,-!*7!.'%/!=3-(/,!/(,-:"!C,;$!*-)')!/7'!.,!
=-*,!*7!%'!3A.,(<7!*@%+!8$!(,.4$(!+(,4/!!8%!=-B7"
#4($9$%$%+'6.,!+,!'%!./@)45!(,';,;/,!+$=$*$)-!4,(=3(0-%B7!+,!-!.,!($+$*-!!8%!4$*$3-(,!!;$!+,!-!!".-)'/-"
S((C30%'),!EA,(./5!%63!.7!8%*,(*!.7!<7!47*7),.*5!.4'%,!,)!*'!3!.$%*,($/-/,!.3),0%7"!#'%/!A,-/"!K)!+(-*')'$!
+,!A,-/"!8;$!+7!.$%&'(!3!4,+,-4.75!(3./$%+!+,!:,*,!3($!LM-/7)!N3./('>!;$!+,!*$%*$.4(,:,*,!3($!LK<,!F7($->5 !
+-(!-43$!4$,(+,!=$(')!;$!:$*,O!C'0%,:,'),5!.7!/(7$B$P!80$!4,(0$/,B$!.7!<3(A,.*5!+30%'),Q!#'%/!4(,3/') !
(,&$0,%/')'$!+$%!R3(4')!K(0-/,$!-!S6-5!!+30%'),P
80A(7B$;,-:7!&@/')!*-)')'$!;$!*,(,!.7!=$,!-(,./-/5!4'.!8%!*7/';,!;$!+'.!)-!4';*7($,"
S((C-(5!!!<7!!(3&5!!!$04)3(7!,)!4,!!!'%!!!/3%!!4(,=7*'P5!!!<7!(3&5!/($0$/,B$607!)-!4';*7($-!K)/!F3-A$//"!K:$!-'!
=-.3),!)-!*$%7"!!?,%$B$!*'!0$%,5!+30%'),!EA,(./5!;$!<,B$!<,+,-"!I!*,-!0-$!A'%7!=-.3),!+$%!*-(,6-B$!&'./-/!
<(,3+-/7"
!
!"#$%&!"&'($)*!'+,&!%)#,&-".!%#/,
@1&4"1(((0%T)15(((#)':5(((,1&#&(((>515(((.5((.&(((1&6&:&U
S((+&1,*3*)(((2&(((&.3"1:5/(((6)>%&?:&(((&'U((((C&%:1)(((%)#&'&(((')*(F)#%&=&)/(2&(3&(21$3)V(:1&9)*&(.5(>*#(
0%:":2&$)%$(%"*W(F&(3&(%)J*((&X6&2*$=5((3)((:1$#,$*)'((.$)(3)(($':3&,$W(Y":((:$3G#)'((5'$(.3G19"./(3)('$%7)1*('$(
6*3*"$1&(?*(35:)?&(2&(3$1&('&($:G1%5(,*$7$/(3$(.*(3)#($1(>*(,1&)%)'(2*%(&*($:G:(2&(%&9)%(.5(1*?:&("(&,$2$1&D
S(((K)(61*3&6*(%*#*3/(=G#9&?:&(C"1:$(>&1*3*:/(0%(-FZ[(.31*&(35((61*="%*&1**((:1&9)*&((2)?*(('$((6)?351*&((0%(35:)?&/(
.)9(&.3"1:5U(\1#$:$(((%)(((4')#&?:&(((3)(((3B&.:*$((($.:$U(((\)=*/(((.GJ*(((:1*#*:5(((3)(:1$#,$*)'D(((<1&2(((35((($*(((')$:J"(
1$=%$D
S((0%3B*2&(9":)'/(#G1G*&(@1&4"1($1754".U(F$35(0%3&6*(*$1(3)()%$(2*%(6",&?:*'&(:$'&/(?*(2$35(#$*(&(?*(3)(3&,$(
61*="%*&1*/(.5(>*)($'((%$*9**((2$35((%)((:&J#6)?3D
S((C",&?:*'&(#&'&(%)(.)%:(2&(2*.61&7)*:/(61":&.:&$=5(C"1:$U(C"7*(.5(0%,&7*(2*%(&'&("(415#$25(2&(')31)1*U(H2$:5(
&.3"1:$#(%*?:&(61*="%*&1*(((2&(((*$(((\':"%$((('$(((])B'.9)::&'/((?*((3G%2(($#(($T)%.(('$(@5%.&#$1^:/((((%&J$#((((B":51G:(
.5(((')5#((((:1$#,$*)'U((((F$1(3"#$%2$%:)'(&.3"1:&*/(H9&1>&'2R&9&')'(+3B1$##/($($,):(%*?:&(61"9'&#&(3)("3B**(?*(
$(:1&9)*:(.5(6"$1:&("3B&'$1*(2&(."$1&U(K"*(*J$#(.6).(35(:1$#,$*)'(6&(3$1&(0'(')$.&#(&1$(%)#51)'(%")5(?*(35($1(>*(
:1&9)*:(.5(%&(.)*#(0%(:1$#,$*)'(?$.&/(2$1(&'(%&J$(=*.(.5(%&(7*%&#(4)1$/($?$(3)#($*(.6).(?*(:)U(KJ$1(>*(1&3)%".3):(0%(
1)6:)'(3$6)')*((35(("3B&'$1**(((0*(T)3$)((>&.:&(((#$*((:":((:*#6)'U
P<)#((,1&*((:)/((+3B1$##_/((*J$#(((=*./((?*($#((0%:"1.(6&(2".(6'53)7$(3)(%)#51)'(%")5($(:1$#,$*)')*(3$1&($,&$(
3$65:)'('$
8$%2)%4.91**3^&U
S((;*%&/($T)%4&/()1'5(@1&4"1(154)?*:U(`:*#(3)(:"7**(3)#(.&
:&1#*%5U
S((;$(2&'"3/(=G#9&?:&(C"1:$(3)(.)6&1*"1*:$:&U(Y1&*(=*'&(#$*(:G1=*)(%&J$#(2).(3)(A$1$9"%('$((])B'.9)::&'/(2$1/(
0%$*%:&(2&($.:$/(H9&1>&'2R&9&'(+3B1$##($(0%%&9)%*:(?*($(:1&9)*:(.5JL(2)3&#('$(@*&..&%U(CG%5('$()1#5/(&.3"1:$($(
>".:(3$6:)1$:5(2&(*%$#*3(?*(3"#$%2$%:)'($(:1&9)*:(.5(:1*#*:5("($':$(0%(#*.*)%&U(K")$(&.3"1:5($((>".:(6).5(.)9(
3"#$%2$(((]&'2R&9&')')*((+3B')3^&#&a&1/(3$1&($,&$(((%*?:&(((61"9'&#&(((3)((()1&3B*'&U
6!!&4)'$#&
%:)'(+&1,*3*)')*(A*'*:$1(T%"!5!"5"
bb(F$35($*(2&(4G%2(.5(%&(.6)*(35(?*(5.:$(.J$(7*3%*:5!=9*$15
@1&4"1/(((.$1(('$((4G:)'(((:5)D
S(H/(%)D(=*3&(C"1:$(3)("(61*,*1&(">&%.$:5U(c)(.6)%(0%:":2&$)%$(')31)1*'"1(6&(%)#&U(]&'2R&9&')'(+3B')3^&#&a&1(
%)($(0%%&9)%*:U(+J$(0#6)?3$:(3B*$1(0%$*%:&(2&J$($T)%4&(*$(])B'.9)::&'/(?*(3B&.:*$($.:$(%&J$(2$:(%*7&'(2&(>)135/(
>**%235/(,&2&7*(,"*/(%)(6"7*(.5(9$7*(6$.)'(6G%5('$(6)?351*&(?*($3"'"(.5(:&(61&=*%7*('$(1$6"1:(>515(3"#$%2$%:(2&(
&.3"1:5U
@1&4"1(((0?*((.3"$:&(((CJdeJ)'(((2*%((:"3)'(((2&(((6*&'&U
S((0%35((("((,"195(((?*(((:&((>$3(((3*)1U
S((<)#(,1&*/(">:&$=5(C"1:$/(1*2*3G%2(%&65.5:"1(2*%()#&1*/(0%.5(((,&*(((1&41&:$(((35(((%J$*(((:1$.(((0%,575#*%:&(((2*%(
,$.:$(((#&$(&X6&1*&%75U(c)(.)%:(&X6&1:)'(0%(&.3"1:&/(2&($#9&'&(6517*($'&()%&*
6)?:*(((0%3513$:&U
S((!$B$:D(>$3&((@1&4"1/(*1*:$:/(,G1G%2)J?*(6*.:"')'(0%$6"*(0%
:"3U
C"1:$/(3$1&(3)%"$?:&(;&1'*%)'(3$(6&(61"61**'&(9)=)%$1&/(61&*$(3"#$%2$/(2$1(3G%2(:1$,&1.5#(K&)&1(A$1^:/()%)'(2*%(
61*="%*&1*/(*%>$%:&1*.:)'(@&>1&*:&1(f$*%/(%&($:1$4&($:&%7*$V35(#51?5')*#
0%:1J"((2*1&37*&(((41&?*:5U
S((F&((()%2&((21$3)V(((?:**((:)(($.:$W((*=9)3%&?:&(((C"1:$((>)1*".U
C"$:&((35(($#((')$:J"((6&(((.3)1:5:)15/((%)W
S((;$'*,&1%&D((.6)%&(((f$*%(((0%2G1T*:U(((AJ$#(%5.3):((0%("1$?)'(5.:$(?*JL(3)%".3(6&(2*%$>$15U(F&($*3*(0%(T".(.&(
$T)%4&('$((C'$:=
\'&X$%2&1U
S((K)J#*(.6)%&(:)(#*&(3&(?*(3)#/(1$B$:(2&(6)?351*$?(3&(&?:*D
`:*)((&)((3&((>$3/((=*3&(((C"1:$U
S((C1*="%*&1**(((,"19&.3(((%)#$*((($:)%3*(((3G%2((.)%:(((0%:1&9$7*/(#)4&?:&(((A*3)7)'((2*%((3"$2$((>"1#$7*&*U
S((F$35(((#&14&#(((.61&(((6)?351*&/(((7*65((()%(((Q$3B:#&*.:&1($1:*'&1*.:/(($:)%3*((.5((?:*7*((35(($#((')$:J"((0%((2*1&37*&(
41&?*:5U
SJ(]'&351&$'5/(0*(#).:15(C"1:$(6&()%(:"%(.)6&1*"1U(<*1*6*7*(3$()%(.:"'(2&(6$6$4$'*('*#9)7*(2*%:1J"(#&%$T&1*&U(
@1&4"1/('$.5J:&(65:1)%.(g2&($:#".>&1$(<153*)%)')*(?*(&'*9&1&$=5J*(6&(.3'$,*(2*%('$%7)1*/(0*($3*)*&.3(&)('$(P<G*%&'&(
,$4$9"%2_/(2&(3&$'$':5(6$1:&($
')*(((P\'&X_U
S(0%:":2&$)%$(.&(0%:G#6'5(3&,$('$(P<G*%&'&(,$4$9"%2_/(&X6'*35(C"1:$(3)()%(1G%T&:(,&.&'(2&(B$*#$%$/(0%(:*#6(3&(
%&(3*"%25%*#(0%(>$7$(P<G*%&')*_U(A*&13)1&$(:1&3):5/()%(:*6(.J$(1&6&=*:('$()%)'(?*(LJ$(0#6)?3$:(0%(>)%2(6&%:1)(35(
0%3&13$.&(.J"(?:&$145(>515(.5(6'5:&$.35U(\=*J%"$6:&/("(3"%>1)%:$1&(2*%:1&(#)%3*:"1**(2&('$(35*'&(>&1$:&(?*(95*&7**(2&(
'$(:1$#,$*&(.J$(:&1#*%$:(3)()%(3$=(2&(2$#9'$(31"%*35/(?*(0%(>*&3$1&(%"$6:&(3*%&,$(=9"$15
6&((>&1&$.:15U
S(`*(,"*/(6"'*:*3*'"1W(0%:1&$95(*%:&1&.$:(A*3)7)'/(0%(:*#6(3&J*
'
.3"$:&((35:)?&'&(()%)*(((@&>1&*:&1((2*%(((C*"%*&1*U
S((C"7*(.5(.6)*(?*($?$/(15.6)%2&(>'&4#$:*3(6*"%*&1)'U(F)65(:"$:&(($6$1&%7&'&/((6G%5(($3)#((($1(((>*(((:1&9)*:(((.5(
>*)(((3&'((6)7*%(#*%*.:1)U
S((]1"%:)'(!"?)/(3)(:":(1$B$:)'(2&(1*4"$1&W(0%:1&$95(A*3)7)'(1G%T*%2((()?"1U
S((A$*(15)/(2&3'$15(.)#91)(6*"%*&1)'U(\#(>".:(2$:($>$15(2&('$(P;1".3"*_U(<"6"**(#*?)%$)(3$("(3&$:5(2&(
4G?:&(3$1&($)(2$:(6&.:&(B$'&$'5/(?*($(:1&9)*:(.5('&(&X6'*3(3)#(35(\2"'>(%)J*(2&3G:()%(#*%3*%".(2&('$(;1$)%$)(
6&(3$1&($).:1*&3**/(2&($>)1*.*7*(3&(.)%:U(LJ$)((:1*#*.(('$((%"*U
S((\*("(.*%4)15(?$%.5/(&X6'*35(A*3)7)'($:":?:*):"1U(<G%2(&?:*(:G1G:(((0%(((>$7$(((:1*9)%$')')*/(((1*2*35(((21$3)')*(
#G%$(((?*(((.$'):5/(6"3%&?:&J7*(35'3G*&'&(?*(153%&?:&(P-&*'(-*:'&1D_U(\.:$(:1&9)*&(.J"(>$3*(2&(>*&3$1&(2$:5(3G%2(
15.6)%=*('$(,1&"(0%:1&9$1&U(\6"*(:&(,"1(:1*#*:&('$(35'5)U(+$'):5(2*%(%")(?*(6"$1:5J:&(#&1&)('$(>&'U(Y&(,"1(6)%&(
.5(>$3*(*$1("(:G#6&%*&/(2&(&X&#6')/(.5($.:)6*(45)1*(3)(9)357*(2&('&#%/(.5(2&='&4*(3),*%:&(0%31)3*?$:&/(.$)($':&(
3B&.:**(2J$.:&$U(<&(:1&9)*&(.5(>$3*(:)W(+5()1'*(2*%(:"7*(151)%3B**h(P])VB1&1/(9&>&B'/((R*1(>"'4&%[_U((`*J"((7**($?$(
3B*$1(2$35(:&($1)%35(0%:1J"(3&')'5(2&(*="'$1&U(F)65("(,1&#&/(0?*(,"1(2$(.&$#$(35(%)(:1&9)*&(.5(>**(6&2&6.*:(?*(
:&(,"1(2)3&('$(9$'$#)3(6&%:1)(:":(1&.:)'(=*'&'"1U(\6"*(((&?:*(((.$',$:D(((+:$*((($3"'"((('*%*?:*:(((?*((($?:&67*(((6G%5(
3G%2(@&1#$%*$(.&(,$($'&4&(3)(3)1)'(:5953*:U(<G%2("(.5(.&(0%:G#6T&($.:$/(:&(,"1(&X6&2*$(?*(,"1()#6'&(
9$'$#)3)'(3)(\2"'>(?*($*(')*U(0%(%")$((@&1#$%*&($*(6):&$($,&$(?$%.$(.5($T)%4*(6G%5('$()1#5(#$*"1U
S((\.:$((((.)%5((((6)7*%(((($((((&.3B*,$1&/((((%)W(((61":&.:&$=5(Q$3B:#&*.:&1)'((($1:*'&1*.:/((6&.*#*.://(0%(((:*#6(
3&(((3$):5((('"3(((0%(3G13*)#$((6'*%5(2&((>)#(((?*((2&((2)B"$1&$((9&1**U
;$1#$%)'/()%(:*6(#51)%7&'/(3)("(65'51*&(#$1&(?*(%&$415(2&(T)35:"1(2&(6"6*3&/(0'(0#9157*?&$=5(6&(C"1:$(3)()%(
=G#9&:(>&1*3*:U(C1*#)'(1G%2(0'(9&$)(6&(3B&':)*$'$(3$.&*U
S((c(3$1&,$(2*%:1&(,"*(9)%(6&%:1)(4B*'":*%5W(0%:1&$95(C"1:$(2)65(3&'(2&J$'(2"*'&$(1G%2U(F$35(&($?$/(%)(,5(
%&'*%*?:*7*U(Y":)'(.&(:&1#*%5(0%$*%:&(2&($(,5(2$(.&$#$(3&(.&(0%:G#6'5/(0'(?:*)(&)(6J5'$(3$1&(.&("3)65(3)($?$(
3&,$/(?*("#)'(0?*(3)%"$?:&(#&.&1*$U(F"$1(2&(2")5("1*($(2$:J"J%(9$15/(?*(0%:1J)%)'(2*%(3$=)1*(&1$(,"19$(2&("(
:G1>5U(EJ$(.)3*:(3$6)'(9"3*%2(?*(.).7*%G%2(35(:":)'(%)J*(2&3G:("(41&?&$'5U(((\?$((?*((&1$U
S(K)(31&2(35J.(3B*$1($:G:(2&(31)=*/(*%:&1,*%&()%(]&'2R&9&'(2&((*%>$%:&1*&U(((K"*/((4&1#$%**/((.)%:&#(()%(
6"6"1(("#&%".U
bb(\.:$(.5('&J"(.6)*(95*&7*'"1(2&('$(@&1#&1.B&*#/(15.6)%2&
6"1:$(0%(95:$*&(2&(T"3U
bb(C"$:&(%J$*(.5(#5(31&=*/(=*3&(]&'2R&9&')'/(2$1(&)(.)%:
i3"#6'&:(%&,*%",$:U
bb(;*%&0%7&'&./(0%3),**%7&$=5(C"1:$(0%3)1$T$:"1U(<)(:"7**
.)%:&#(%&,*%",$7*U(F*%(%&>&1*3*1&(0%.5/(2&(#)':&("1*(&(#$*(6&1*3)'".(.5(>**(%&,*%",$:(2&3G:(3)'6$9*'U
+&(0%:*%2&(6&(2&$.)61$(#&.&*(?*(3"%:*%)5(6&()%(:"%(3"%>*2&%7*$'h
S((\#(3)%".3):("2$:5()%(2"#%/(8)2R*4(@5%.&%B&*#(2&('$(+"':$)U(c1$()%(:*6(61)2&%:U(\:G:(2&(61)2&%:(
0%3G:(#&14&$(6&(.:1$25(3)("3B**((0%3B*?*(3$(%)(3)#,$(.5(,$25(3&,$(3&(%J$1(>*(:1&9)*:(.5(,$25U((F$35(2*.3)7*$(
$1(>*(2&,&%*:(.).6&3:5/(?*J$1(>*(954$:(2&4&:&'&(0%()1&3B*U(<B*$1(?*(6&(3&'&(2&('$(6*3*"$1&/(2$35($1(>*(((0%356):U(
c*((9*%&/((0%:1J"((=*/((.J$($#&.:&3$:((0%:1J)%((#$1?($'(fF][J)')*/()%2&(:"$:5(')#&$(=9*&1$((P-&*'(F&):.3B'$%2/(
-&*'(2&1(])VB1&1D_U(<G%2($)($T)%.(6&(8&*6=*4&1.:1$..&(?*($)(0%3"%T)1$:(2&6")'/($#*3)'(%".:1)(%&):1)/(2"#%)'(
8)2R*4(@5%.&%B&*#/(.J$(:1$%.>"1#$:/(((>515(((.5(((,1&$/(((0%:1J)%(((($2&6:(((2&.31&*&1$:((($'(])B1&1)')*U(E$1(3G%2(
#)'7*#&$(0%>'5351$:5(.J$(%56).:*:(6&(+61&&(;1)V3^&/(:*6)'(.J$(2&='5%7)*:(3)(:":)'/(.:1*4G%2h(PA"$1:&(?*(4$=$1&(
:):)1"1(T*2$%*'"1(?*(3"#)%*?:*'"1D_U(c1$($:G:(2&(65:1)%./(0%3G:(%*3*(%J$((1&$'*=$:(3)#(.&(6159)?&?:&((?*(3)#((0'(
=21"9&?:&(#)'7*#&$($3&&$(((0%((#*?3$1&U
\6"*(.J$)(1&6&=*:(3)(:"7**('$(<$%3&'$1*&(.5JL(,$25(6&(\2"'>(?*/(0%(:*#6)'(5.:$/()%(2&:$?$#&%:(+3B)6"[[(
$2)%$(3&(#$*(15#5.&.&(2*%(2"#%)'(8)2R*4(?*(2*%($'7*(=&3&(%&,*%",$7*(3$(?*(&'U(EJ$)(2).('$(A"145/(?*(6"$:&(
35(3*%&,$(*J$(*2&%:*>*3$:U
S((!5=9"*)'(&(3)#6'*:/(*%:&1,*%&((]&'2R&9&')'(2&(*%>$%:&1*&/(3)("((&X61&.*&((2&(($#5153*)%&U
S((0%:1J)%(>&'(.$)($':)'/(.)%:("#"1G7*(:":(."*)'(2&("$#&%*/(%&,*%",$7*(((?*(((,*%",$7*(((2&"6":1*,5U
S((F$/(2$/(3"%:*%)5(C"1:$(&%:)=*$.#$:/(3B*$1(>515(61"9'&#&/(3G:(:*#6(&(15=9"*U(I%**(.)%:(>53)7*($1?*3&(6&(
>1"%:/($'7**(0?*(6*&12(35657G%$(0%(C'":=&%.&&U(A$*(2&,1&#&(.$)(#$*(:G1=*)/("(657*#(3)(:"7**/($?$(0%3G:()1#$?**(
%"?:1*("(.5(,$25(35($#(>53):(0%:1J$2&,51(3&,$(0%(:*#6)'(15=9"*)')*(?*(35(%J$#(.:$:(3$(%*?:&(45*%*(3*)6*:&(2&(
>)%2(2&(,)'6&U(!5=9"$*&'&(#"%2*$'&(:1&9)*&(.5(.&(.>G1?&$.35(0%(.G%4&(?*(1$B$:/(3$(.5($*95(6$1:&(2&(3),*%:&(
1&="%$9*'&(0%(3517*'&(2&(*.:"1*&U(F"$1(%)J7*(0%3B*6)*(35(\2"'>($1(>*($33&6:$:()%(15=9"*(6&(3$1&(.5(%)JL(*$(
%*#&%*(0%(.&$#5U(@&%&1$'**(?*(2*3:$:"1**(3)
]**B1
6"1)%3&?:&/((%"*((:&(()1#5#D
()
[(fF]((S((H14$%*=$7*$(((UUf1$>:((*')13B(((]1&)2&_(((T%"/"95
[[(+3B)6"((S(#*2'/O43)$O,$!!S((C"'*7*$((2&(($651$1&((3*,*'5((=%"/9"
!!
$2&,51$:((2$7*(21$3)')*((15#G%((0%((#&#"1*$(("$#&%*'"1U
C'"$*$(0%3&6&(V.5(.&(:1$%.>"1#&(0%(9)1%*75(3G%2(61*="%*&1**(?*(&.3"1:$(*&.(2&('$(P<G*%&'&_U(8$(35#*%)'(
-*:'&1T)4&%2)')*(2&(6&(C1&)='$)&1.:1$..&/(.:&$4)'(&.:&(3"9"1G:U(F5#(3"'7)'(?*(#51?5')*#(0%(T".(6&(
F*13^.&%.:1$..&U
S((!$B$:/(#G1G*&(@1&4"1/(?:&14G%2)J?*(9)1%*7$(b2&(6&(>$75U(+)%:((.5:)'((6G%5J%(4G:((2&((15=9"*)'((5.:$(
$>)1*.*:/((0%:":2&$)%$(#51?5')*&?:*(((?*(($?:&67*((.5J7*((6*3&(("((9"#95((0%((2&9'5D
C1*%:1J"()?5(1*2*3$:5(6)7*%(>$75(2&(%*,&')'(.:15=**/()%(9519$:(*&.&(=9)1G%2/(.&(15.)3&?:&(0%($&1(3$("(#"1*?35(,*&(
?*(.&(*=9&?:&(2&(6&1&:&'&(3$.&*(2&(,*=$,*U(-$*%$(?*(65'51*$(0'()1#&$=5/(=9)1G%2(?*(&'&/(*$1(2)65("(6$)=5(.".&?:&(
?*()#91&'$U
C"1:$((1G2&($?:&6:G%2(()1#$1&$U
S((F"#%*'"1/($#($T)%.D(\3&.:$(&.:&(P;1".3"*)'(?3B*"6_(?*(.&(6$1&(35(:":)J*(6'*%(2&(,*$75(6&J$*3*U(\3)#(,5(
1"4(.5(>*7*(3*,*'*=$7*(?*(.5(%)(>$3&7*(45'54*&/(3"%:*%)5(&'(6&()%(:"%(651*%:&.3/(>**%235(&()%('"3$'(2&3&%:(S(3)(
6*$%(?*(:"9&(S/(0%(3$1&(,*%(,52),&'&(2&(15=9"*(.5J?*(45.&$.35("(3"%."'$1&(6&%:1)(%&#514*%*:$('"1(2)1&1&U
S((c)($#(#$*(>".:($*3*/(2&3'$15(A*3)7)'/(.:*3'*%2)J?*("3B**U(c($:G:$(#)*&1&:(0%3G:(%)J7*(,*%&(.5(31&=*U(K)(61&$(
&('"3(#)':U(K*3*(%J$*()%2&(.5(:&()?)1&=*U(Y1&9)*&(.5J7*(4"'&?:*(,&=*3$(0%($':5(6$1:&U
S((`*(3&(%&(>$3&#(2$35($6$1(3"6"**W(0%:1&$95(@1&4"1(%&1,"./(0%((:*#6((3&J?*(($?$=5($):"#$:)'((6&(()%(((1$>:(
2&((.)9((:&T4B&$U
S((K)J*(%*3*("(61"9'&#5/(1G2&(C"1:$(3)(%&65.$1&U(`*(3&*(2&('$(+3B)6"((:&'&>"%&$=5((0%:":2&$)%$(((0%$*%:&((2&(
$(>$3&((1$=*&($*3*U
;$1#$%)'/(3$1&($1&($#9&'&(6*3*"$1&(2&('&#%/(0'(0#9157*?&$=5(&%:)=*$.#$:(6&(C"1:$(?*JL(0%:1&$95(0%3":1"(.&(
2)3&U
S((c.3"1:&=((6$:1)((%&%"1"3*7*(('$(((?:1&$%4/((=*3&(((C"1:$U
S((!$B$:/(.6)%&(9$1#$%)'U(<$.$(>$3&(3*%.:&(3)(61*#)*(1G%2U(;&1&(((?*(((?%$6.U
F)65(61*#&'&(6$:1)(1G%2)1*(2&(9&1&(?*(?%$6./(C"1:$(0%3&6&(.5(2&9*:&=&((9$%3)1*(2&.:$9*'*=$:"$1&U
S((<G%2(Y"##a(,$(6)%&(#G%$(6&(&'/(0*(,"1(')%4*(4G:)'(5'$($).:1*$3/(.6)%&(&'(6&()%(:"%(3"%.6*1$:*,(35:1&()%(
3"%2)3:"1(2&(:1&%((3$1&((6'&$35((0%((="1*((3)(()%(((:1$%.6"1:((2&((:1)6&U
S((0%$*%:&(2&($JL(2$(3)(3$6)'(2&(6&1&7*/(,$(7*%&()%(2*.3)1.(>1)#)?&'U((A*3)7)'(1G2&(1*&3"%:1"'$:(?*(:1".%&?:&(
3)(6)#%)'(0%(#$.5/((>53G%2((6$B$1&'&((.5((2$%.&=&U
I%(+3B)6"/(0#9153$:(6&(T)#5:$:&(0%(B$*%&(3*,*'&/(1G2&(3)($:G:$(6">:5(0%3G:(0?*(0%4B*:&(7*4$1$U
;$1#$%)'(0'('",&?:&(0%(.6*%$1&(3)(3&'(2&J$'(:1&*'&$(6*3*"1(2&('&#%/(6&(3$1&J'(7*%&(0%:":2&$)%$(3$(1&=&1,5(0%(
.6$:&'&(:&T4B&'&*U(Y*6)'(.3)*65(7*4$1$(3$1&(0%35(#$*($12&/(.61&()*#*1&$(:):)1"1$U
F")5(>&#&*(0#9153$:&(0%(%&41)/($'9(?*(1"?)(.:$)(.)9(6"1:1&:)'(')*(-*:'&1(?*(0%3&6(.5(3G%:&h
LO
E+-/7!-0!!804';*-/!'%!!*-(-)$'
K*'05!!%,<-./@6.-!-(,!*,6$!!/(,A'$,P"""
I%(41)6(2&(15%*7*(.:$)(0%(T)1)'()%&*(#&.&(')%4*/(#G%4G*%2
>&:&'&((6&((6*3*"$1&U
bb(#342$-!,(-!A,-/7!*($B7"""5!3G%:5(C"1:$(3)("(,"3&(2&(9$1*:"%
$97*4)*:U
I%(">*7&1(#&2*3/($2"1#*:(6&(T)#5:$:&('G%45(."95/(2&.3B*2&
3)()%(($&1((3"%.6*1$:*,(()%(("3B*(((?*((.&(((=4G*&?:&((0%((0%356&1&U
S((+*#)'$%7*D(<)(:"7**(.)%:&7*(%*?:&(%&%"1"3*7*(2&(.*#)'$%7*U(<&(,5(6$.5(,")5(2&(Z$:&1'$%2W(:)%5(&'(
>1&#5:G%2U(Z5($1$%T&=(&)(6&((:"7*D(((f][((3)((:"7**/((?*((#$1?(6&((>1"%:U
<)()%(.).6*%($2G%3/(.&(6159)?&?:&(#"$'&(2&J$(3)1#&=*?)'(#&.&*((?*(($2"$1#&/(2*%((%")U
S((c(((9&$:D(((;&$:(((3)*D((.6)%&((9$1#$%)'/((2G%2((2*%(((3$6((($(2&=$61"9$1&/(0%4$*#5(3&,$(2&.61&("(3"#*.*&(
3$1&(0*(2&3'$15(6&(:"7*(*2*"7**(5*$(?3B*"6*(f](?*(6&%:1)($.:$('*(.&(25(3G:&J"(#&2$'*&U(+56:5#G%$((:1&3):5/(($(>".:(
2&3'$1$:(((f]()%((%&%"1"3*:((3)()%(.*%4)1(6*3*"1(6&(3$1&(LJ$)(:1*#*.(2*1&3:(0%(61*#$('*%*&(3)(6*3*"1)'(2&('&#%(
'$(.)9.)"$15/(0%$*%:&(.5JL(2&3'$1&(@Z-(?*(.5JL(&X6&2*&=&(0%$6"*('$(2&6"=*:U(E%2*,*2)'(&($3)#('$(`3"$'$(2&(
-$)6:>&'2R&9&'*(?*(.6&15/3$/(0%:1J"(9)%5(=*/(.5($T)%45(*$1('$(:G#6*:)'(5'$(2&(">*7&1
.$%*:$1D
S((<*%3*(#513*(6&%:1)(=&3&(#*%):&(?*(2")5=&3*(?*(3*%3*(6&%:1)(:"$:5(%"$6:&$/(61"6)%(2$#&'&(0#9153$:&(0%(
1"?)/($'9(?*(%&41)U
S((F$1(%)#$*(2$35($*(61&=&1,$:*,/($#*3&/(3B*3":&?:&(3&$(#$*(.3)%25((2*%:1&((&'&/((>53G%2(()%((.&#%((.)4&.:*,(
6&((.)9((6"$'&'&
1"3B*&*U
S((8$.5/(#$*(:G1=*)/(.6)%&(C"1:$(0%2&651:G%2)J.&U(A$*(0%:G*
)%$((0%((3*%.:&$((3"6**'"1("1>$%*U
S((K)/()%$(0%(3*%.:&$(#"17**(3$1&($6$1&(2)65(#*&=)'(%"67**/(.)4B*7&((A*3)7)'/(1G=G%2(61".:&?:&U(Y"3#$*(%&(
0%21&6:5#(.61&(6G1%$*&/(3)(6$:1)(3$%2*2$7*('$(4B*'":*%5/('&(#51:)1*.&?:&(&'(3&'"1(2")5(2"$#%&((3)((.&%:*#&%:&(
6$:1*":*3&U
S((F$1(($1$:5(9*%&((95*&7$?**((5?:*$/(3B*3":&?:&(3&$(0%$':5(?*
.'$95U
S((\?$(&/(1G%T&?:&(A*3)7)'/(0%(3)1G%2(,"1(>*(6$:1)(B"*:)1*
0%3G%:5:"$1&U
S((<&J$)(>53):W(0%:1&$95(3)1*".(3*%&,$(2&(6&(3&$'$':5(6$1:&($
#&.&*U
S((K*#*3(2&".&9*:/(=G#9&?:&(C"1:$U(YG1?&'".)'(5'$(2&(3"'"('&J$(((:5*$:(((9&1&4$:$(((4&#&%*'"1(((.5*((%")J
%5.3)7*U(((C)?3$?)'(((?*J$("#"1G:(%&,$.:$(0%(95:$*&/('",*%2J"(3)("('$:)15($(:)%)')*/(*$1
[(U-04=.=*$2$&!!jE9U((4&1#$%5k(S($6:(3"#9$:$%:((T%"!/"V"
(*
*%2*,*2)'(5'$(41$./(3$1&(&(#53&'$1(6&(.:1$2$(3*,*'5/($(>53):(3$1%&(6&%:1)((3G1%$7*((2*%((2")5((:G1>&U
S((F&.:)'/()1'5(Q$3B:#&*.:&1)'(*%2*4%$:U(K*3*()%)'(2*%(%"*(%)((&(()%((31*#*%$'U(((+)%:&#((2&7*%)7*((6"'*:*3*/(
$.:$((.)%:&#D
F&"2$:5/(:"$:5(')#&$(.l#:&(%&,"*$(.5(#$*(3&$15()%(1G#*U
S((0%(3*%.:&$(Z$:&1'$%2)')*/(*%:"%&$=5(C"1:$(6&.:&(0%:1&$4$(#)'7*#&((2*%((3$1&((.&((2&.61*%2&((#*1".)'(
:G1>&'"1((?*(($'(((9&1**U
S((F)65(%"*/(6":"6)'D($%)%75($4*:$:(A*3)7)'/(."19*%2(9&1&)()%)*((3'*&%:(($2"1#*:U
S((E2*"7**((2&((*%$#*3*(((%&((.)4(((?*((.G%4&'&(2*%(,*%&/(.)4B*7&(@1&4"1/((3'5:*%G%2)J.&(($#&%*%75:"1U
8$(#$.$(3&$(')%45/(15%*7**(?*(61*&:&%&'&('"1(0%3&6(.5(3G%:&l
W,(0-%$,5!!!/7(@0!!./(7<,*2$"
#/$%+-(+')!/7'!!8%.@%&,(-/!!-*'0!!,!!.=@;$-/"
S((<$(.')T*:"1($'(.:$:)')*/(%)(6":($.3)':$()%($.&#&%&$(3G%:&3/(61":&.:&$=5()%(*%2*,*2(0%$':(?*(.'$9/(0#9153$:(
3)("(B$*%5(%&$415(2&((6*&'&U(((+&$#5%5((3)(()%((,)':)1(('",*:((2&((41*65U
S((\:)%3*(2)J:&(0%:1J)%(3"'7(?*(9$45J7*(2&4&:&'&(0%()1&3B*/(0D(.>5:)*&?:&(((C"1:$U(((KJ"((.5((:&((2&1$%T&=&((3&&$(
3&((%J"((.5(($)=*U
S((-$*2&7*(.5(%&(3"%:*%)5#(21)#)'(.61&((6"1351*$($*$(2&(6)?351*&/(3&1&()%(Q$3B:#&*.:&1($1:*'&1*.:(6&()%(:"%(
%&>&1*3*:U(Y":(3&(.&(6&:1&3&($*3*(&("(%&9)%*&D(<$(61*="%*&1(#*'*:$1/(61":&.:&=(3)(,&B&#&%75U
S((<1&2(35(:&(4G2*'5(652)3B**('$(>*3$:/(#G1G*&(A*3)7)'U(<&($*(:)(2&J$(>$3&(3)($.:$W(\3)#(%)(#$*(&?:*(."'2$:(
0%(.&1,*3*)U(]5J7*(6)7*%(2&(3$6U((c()':*#$(?$%.5(6&(3$1&("(#$*($*((0%$*%:&(2&($($T)%4&(0%(>$7$(<)17**(A$17*$'&U(
F)65($.:$(%J"(.5(#$*(1G=*($?$(#)':U(F&J$9*$($:)%3*("(.5J7*(2$*(.&$#$(35(15=9"$*&'&(#"%2*$'&(%)J.((3B*$1(
2*.:1$3:*,&D
@&>1&*:&1)'(*%>$%:&1*.:(&(9&$:(?*(2$%.&$=5()%(:$%4"()%2)*:"1(3)("(:G1>)'*75(6$:1*"$:5U(c$(0'(.).7*%&(3)(6):&1&(
6&%:1)($JL($T):$(.5(%)(.&(6159)?&$.35U
S((<)%".3()%(:G#6*:(3$1&("(.5(.>G1?&$.35(3)(2&9'$(1&:&=$:5/(0*((#51:)1*.&?:&(&'/((3)(()%(((1G%T&:((2&((31$%*)U
S((<&*(((9)%*(((#"1(((0%:":2&$)%$(((61*#**/(((0'(((3"%."'&$=5(((&$/(1G4G*%2((.5%5:".U
S((I%(:*35'".(0#6)7*:(#*J$(2$:(*&1*()%(:&$%3(2&(3$1:&'&(6&%:1)("((%"$6:&((0%:1&$45/((.6)%&((>$:$/((:1*.:5U
S((\':>&'(((%)(((LJ$*(((>*(((6):):(((.$:*.>$3&/((($?$J*W(((*%:&1,*%&((()%(]&'2R&9&'((3)(()%((.*%4)1((91$7U
S((K)(,5(:&#&7*(3J$1(6):&$(.5(.3$6&W(0%:1&$95()%(3*,*'(3)($')15((2&((3"6"*U
S((KJ$1(((0%215=%*/(((1G%T&?:&(((C"1:$U(((\1((>*(((0#6)?3$7*((6&%:1)
(+
1:$1&/(6&%:1)(3$1&("1*3)#(,"1(>*(0#6)?3$7*/(3&&$(3&J*(.)>*3*&%:(T(m6&%:1)(3&'(#$*(2)1(*%2*,*2(2*%(')#&U
b(c?:*(.)9">*7&1(?*(:1&9)*&(.5(?:**(35(&(.:1*3:(*%:&1=*.(.5(2)3*(61*="%*&1**(0%:1J)%('"3$'(6)9'*3/(%)W
C"'*7$*)'(0#9153$:(0%(B$*%&(3*,*'&(.&(0%:"$13&(35:1&(@1&4"1U
bb(Ta75(1&>&1('$(6$4*%$(Lno(2*%(!&4)'$#&%:)'(6&%:1)(&.3"1:&'&
#*'*:$1&U(C1*="%*&1)'(:1&9)*&(2).(2*1&3:('$(0%3B*."$1&(?*(*%.:$'$:(.*%4)1(0%(3&')'5/(0%(%*3*()%(3$=(%)J*(&.:&(
6&1#*.(.5(*$(3"%:$3:(3)($':&(6&1."$%&U(F$35(3"#)%*3$1&$(3)($3&.:$(2&,*%&(*#6&1*".(%&3&.$15/($:)%3*(:":)'(
:1&9)*&(1&2).('$(#*%*#)#(2&(3),*%:&U
S((8$.J"(((#"$1:5((($#*3&/(((9"'9"1".&?:&((($*)1*:(((A*3)7)'U(C1*="%*&1**(((,"1(((>*(((:1$:$7*(((3$(((%*?:&(((%")J
%5.3)7*U(((K)(((:1&9)*&(3"%:$#*%$7*(61*%(3"%:$3:&(3)(9&7*,**(.$)(3)(:G1>&'&D(F$35(,1&)%)'(2*%(5?:*$('&(,$(,"19*(
61*="%*&1*'"1/(,$(>*(0%35:)?$:(?*(2).(2*1&3:(0%
>$7$(:1*9)%$')')*U
S((<*%3*=&3*(2*%:1J"('",*:)15W(?"6:&?:&()%(9519$:(.3)%2/(3)(0%>57*?$1&(2&(?"9"'$%U(\'(21$3)')*(2&(9)%/(=5)/(
#)1#)15(&'/(?*JL(0%4B*"%:&?:&(3"%.6*1$:*,(6&(C"1:$U(c:&1(?*(%$>:$'*%5U(F"$1(:1&*(=*'&/(?*(:"$:5(<B*%$(.&()#6'&(
2&(3*)#$(%&$415U(F$35($*(>*()':*#)'(."'2$:(4&1#$%(0%(,*$75/(%*#&%*(%J$1(2$(%*3*(2"*(9$%*(6&(:*%&U
S((c(61&$(2&,1&#&/(>*)'&/(61&$(2&,1&#&/(.6)%&((C"1:$(>515()1#5(2&(*%:&1&.U(c)(.)%:()%)'(2*%:1&(6)7*%**(
>&1*3*7*(3$1&(0%35(.&(#$*((9)3)15(2&(()%((15=9"*((>"$1:&(($,$%:$T".U
8$(.3)1:(:*#6/(*%2*,*2)'($3&'$(.*%*.:1)(2*.6$1&(0%(:"$'&:5(3)(.&1*%4$(')*(6&%:1)(*%T&37**(.)93):$%$:&(?*(3)(6$:1)(
*%>$%:&1*?:*(6'*3:*.*7*(2&(15=9"*U(<G%2(.&(0%:"13/(2&9"12&$=5(2&("6:*#*.#U
m4"#":)'(2*%(3G13*)#5(31&?:&(:1&6:$:U(F"*(2*%:1&(61*="%*&1*($)($2"1#*:('G%45(."95/(0%(3)?3$(3G*%&')*U
\%*#$')'(%)(.&($1$:5(61&$(0%3G%:$:/(#G1G*&/(0?*($1$:5(3"'7**(?*(0*(0%B$75(2&(6*3*"$1&U(F$1(>515(>"'".U(<$()':*#(
4&.:/(.&(B":515?:&(.5J?*(1*2*3&(6*3*"1)'(?*(0*(0#61"$?35(6&(:"$:5(>$7$U
S((<G:&,$(B$'9&(3)($65(6&(=*(.)%:(3B*$1(9*%&,&%*:&/(#"1#5*&(61*%((."#%(((@&>1&*:&1)'((2&((*%>$%:&1*&U
S((A&.:&35(B$'&$'$(2&(2")5=&3*(?*(?$6:&(2&("1*(0%$*%:&(.J"(0%4B*7*/((.3G%3&?:&((4&%*.:)'/((#)%3*%2)J?*((>5'3*'&(
$.&#&%&$(()%&*(,$3*((3$1&((1)#&45((0%:1J)%((41$T2((35'2)7U
S((F)3&7*J#5((($3$.5((('$((6)?351*&/((3&1&(((Q$3B:#&*.:&1)'((3)(.&,&1*:$:&U((c(21&6:)'(#&)U((+)%:()%((9*&:(
61*="%*&1((?*($#(#$*(#)':&(21&6:)1*(2&3G:("1*3$1&($':(."'2$:(*2*":(2*%(\1#$:5U(`*(,"*/(9$%25(2&(:*35'"?*/(
:1&9)*&(.5(%)(#5('5.$7*(.5(>)4/(2$1(.5(#5(?*(>&1*7*(2&("1*3&(6&1*3"'D(c("(3B&.:*)%&(>"$1:&(*#6"1:$%:5/(.5(?:*7*D(
j\1$:5(($3)=$:"1(((.61&((3&*(((2"*((61*="%*&1*((2*%((3)?3$((3G*%&')*Uk(p)2&35:"1**(%)(,"1(0%452)*()%$(3$($.:$D(
C1*="%*&1*(9&7*(3$(%*?:&
6"13*U
S((A*J&(>"$#&/($%)%75(C"1:$(3)("(1G4G*:)15(.:1*2&%:5U(<&
(,
q*3&7*(2&(%*?:&(P1$B$:(6&('"6$:5_/($?$/(3$(.5(%&(:1&$35(T)%4B*)1*VJVL(H6:g(6"17**(((2&(((P1$B$:(((6&((('"6$:5_/(((=9*$15((&'(
.61&g(9)35:51*&U
0%2$:5($6$1("6:(>$1>)1**(3)(:"3$%5($9)1*%2GU(0%3&6*(.5(-(61">*'&=&(#*=&1$9*'$(')#*%5(3&%)?*&($(2*#*%&7**(2&(
%"*&%>*91*&(?*(@1&4"1(.6)%&(35($1(>*(3$=)'(.5J?*(1&*$(#*.*)%&$(?*(.5(0%3&13&(.T(45.&$.35(21)#)'(35:1&(6)?351*&U
S(((C"$:&((35(((%*3*(((%)(((#$*((&X*.:5D((9"'9"1".&?:&((4&%*.:)'(2*%(3)?3$(((3G*%&')*U
S((<1&=*W(0%:1&$95(@&>1&*:&1)'(2&(*%>$%:&1*&/(6&J$(351)*(>$(7$(._(3*:&?:&("(&X61&.*&(6'*%5(2&(.6&1$%75U(\1$:5(3$()%(
"#('*B%*:(2"(>"$#&(((3$1&((($(((2$:(((6&.:&((()%(((6"1:">&'(((9)12)?*:(((3)(((9$%*J
S((KJ"((.5(('&((6'$35((2$35(($T)%4&#(((0%(((:"*)'(((#*3)')*(((2&T)%/(#)1#)15(((0%:)%&3$*(((A*3)7)'U
S((\*(21&6:$:&/($2#*:&(C"1:$(0%4G%2)1$:U(`*(#$*($'&.(>56:)*(35(((95*&7**(((5*$((2*%((3)?3$J(3G*%&')*((2)B%&.3(($(((9&1&(
?*(($(((?%$6.V
S((\:)%3*/(3&J*(j*&(>53):W(.)4B*7&(@1&4"1(%&B":51G:/(3)(8*%($:J_V(2&.:)'(((2&(((:1*.:U
S((H(((.5(((9"#9$125#(((\%4'*$(((6G%GJ%(((:&#&'**/(((2&3'$15(b)%($,*$:"1((9&$:U((95:G%2(3)(6)#%)'((0%(#$.5U((KJ"(
.5(#$*((15#G%5(2&3G:((("(((4$)15(((%&%"1"3*:5(((0%(((#$1&D
S((F)#%&=&)((&(3)((%"*DJ(7*65((@1&4"1((?*(1G4G*&(3)(2$#[(Vg(U(:"3$%5U(KJ$1(>*(:1&9)*:(.5($,&#(%*3*"2$:5(:"17&'&(
$.:&$($&1*&%&(2&
-./000123/4
S((cX$3:((3&J$#(.6).((?*(&)U(.:1*45(@&>*&*:&1)'(2&(*%>$%:&1*&(E&6)1$?*(2&(3G#6(?*($%*'&1*?:*(,*:&T*(3$1&(?:*)(.5(
"3B&$.35U('lEL(jV)q(2&((("9)=&(((6&.:&((&*(((?*(((0*(((')5#(((6&(((.).D
S(((F$U((($#(((6*&12):((("((415#$25((2&(((15=9"$*&(((0%(((:&')'((($.:$U(">:&$=5(C"1:$/("9".*:U(E%>$%:&1*?:**(.J$)(:G1G:(
6G%5J%(*$2U(HV%2(GXHY!,&%*:(((=*)$(((,*3:"1*&*/(((.&(((:"3*.&15(((2&(((:":U(((Y"$:&(((*)%)1*'&r$V&$(+:15')3*:"$1&(f1)66(&1$)(
$:G:(2&()=$:&(0%3G:($T)%.&.&15(.5(:1$45(*%(((6$1:&$((("6).5/((($=,G1'*%2)J*(((6&(((:)%$1*(((3G:(((3"'"U
S((F$35((((%)((((,&%*7*((((3B*$1(((($3)#U(((()1'5((((@1&4"1((((%&1,"./()#>'G%2)J.&(3$()%(3)13$%/(&)(,5('$.U(+5(>*)($'(
%$*9**(2$35(%)(,$('$.U
S((-$)/(((B$)D((('$:15(((A*3)7)'U(((c?:*((()%((61).$3((.31G%:*:U(3$1&(%J$1&(3)*(.5(2&$("12*%&U(]**($:&%:/(@1&4"1U(Y)(&?:*(
&.3"1:$U(F$35(>$3*(6&(%&9)%)'(?*(6'&3*(.*%4)1/(3)#(:&(#$*(6"7*(%)#*(&.3"1:5W(Y&(,"1(((:1*#*:&((((0%((((>$7$((((<)17**(
A$17*$'&U((((C"7*(((3"%:$(((6&((($.:$U(<"#$%2$%:(2&(&.3"1:5(>515(&.3"1:5(S(?*(>515(61*="%*&1*U(\.:$(&("((61"9'&#5(
>"$1:&((.&1*"$.5//(0%:1J$2&,51D
S((EJ$1((:1$4&((?):)1*((0%((3)1(6G%5(LJ$1(45.*(2$#9'$)$U(\1(>*(%&,"*:((((.5((((.:&$((((0%((((3$6((((?*((((.5((((.&(((3$3&/(
3"%>*1#5((((C"1:$(.3516*%G%2)J.&(((0%((()1&3B&U(((H1*3*%&(((?*J$1((($1)%3$((61*,*1&$(((6&.:&(!&4)'$#&%:)'(\1#$:&*(?*J
$1(2$(.&$#$(35(%)J*(61&$(2*.:1$3:*,(.5(>**(((%)#*:(((0%(((.&1,*3*)'(((2&((&.3"1:5U
bb(K&%"1"3*:&'&(((($'&$((((2&((((1&4)'$#&%:&((((0%.&$#%5((((6&%:1)
\1#$:$(&&1#$%5(&X$3:(3&&$(3&(0%.&$#%5(;*9'*$(6&%:1)(6"6*(.$)(<"1$%)'(_6&%:1)(#).)'#$%*/(=9*$15(A*3)7)'(3)(
."'&#%*:$:&U(F$35(E",(>*)'(')*(A"*.&U($1(>*($,):(1&4)'$#&%:&('$(3$1&(.5(.&(6"$:5(4*(%b$1(>*(>".:(%*3*"2$:5($:G:(2&(
95:):(0%(3$6(0%3G:(.5(:1$,&1.&=&(!*%)'(5'$($>)1*.*:(?*(.5(.&(6'*#9&(61*%(T)%4'$(2*%(@&1#$%*$/(3$(6&()1#5(.5(.&(
.)>"3&(3)(:"7**(0%(+$)&1^1$):)'[
5678
654G%*'"1D(((A*3)7)'
"9*3&*(((9*%&3)%".3):$
*?*(((&:$'&$=5(((3$(((2&(0%,5'#5?&$'5((2&(((*.:"1*&(((?*(((1&'*4*&U
S((F"#%*'"1/((.6)%&7*J#*U((,5((1"4U(()%2&(((#5(($>')W((0%:1&$95(2&"2$:5((((">*7&1)'((((#&2*3U((((+&((((1*2*35(((3)(
&,*2&%:5(((2*>*3)':$:&/(:1&#)1G%2)J*(((6*3*"$1&'&U
S((F"#%)'&((2"3:"1D(((Z5(($:'$7*(((61*%:1&(((61*&:&%*D(((0'((($.*4)15(C"1:$/(6V"3%*%2)J?*(35'3G*&'&U(F)#%&$,"$.:15/(
2"#%)'&/(,5($:'$7*('$(((P;1".3"*)'_U
S((<$#$1$2&/(((0#6)?35J#5U(((61&:*%2&(((">*7&1)'(((#&2*3/((3)((("(&X61&.*&((:"$1:&(((%&#7&$.35((6&((3B*6U(((+)%:((()%(
?"9"'$%((.3G19"./(0#6)?35J#5D((((1&6&:5((((&'((((0%((((:*#6((((3&J?*((((2&.3B&*&((((:)%*3$/(2&=4"'*%2)J?*(((6*&6:)'U(
U(J
S((F$&5((($.:$(((&(((3&&$(((3&(((,1&7*/(((2"#%)'&D(((15.6)%2&(((C"1:$($.3)':5:"1/(((6)%G%2)J.*(((3)((41&):$:&(((6$:)'(
6)?:**(((6&((()#51U(((j+&(3'$:*%5((6&1*3)'"./((3)(($1#$(((0%21&6:$:5(((0%((:"$:&(2*1&37**'&Uk((+:$*(%&#*?3$:/(2"3:"1&/(3$(
.5(:&(6":((0#6)?3$/($?$(3)#($*("12"%$:/(1$4&((&'(((61*%(((,$3$1#U
S((]"3D((("12"%5(((A*3)7)'(((3)((("(((,"3&(((61">)%25U
I%(=4"#":($.)1=*:"1(.6*%:&35($&1)'(?*(:&%3)*$'$(.&(2&.61*%2&(2*%(:$,$%U(@'"%7)'(1*3"?&$=5(61*%(3$#&15/("6%%2)J.&(
0%:1J)%(9):"*(2&(9&1&(3&J?*(1&,$1.5(:":(3"%7*%):)'U
S((AJ$("#"1G:/(.G%4&1&=/(.&(,$*:5(">*7&1)'(#&2*3(%565.:)*:/(0%(:*#6(3&(0'(*%)%25(9&1&$U(C'G%4G%2/(.&(:G15?:&(.)9("(
#$.5(?*U(2)65(3&(.&(6"3%&?:&(3)(3$6)'(2&("(9G1%5(:1$%.,&1.$'5/(2&.3"6&15(35(:":)?*(%)($#"1:U(F)65(&>"1:)1*(
.).7*%):&/(.&(1*2*35/(.:5(21&6:(0%(((>$7$((("4'*%=**(((?*((($1$:5(((.61&(((#):1$(((')*U
S(((\B$/((($3"'"(((&?:*/(((.6)%&(((3)(((,*3'&%*&U(((\*(((31&=):(((35(((#5(61".:&?:*/(((%)J*((($?$W(((Z52((21&6:(((61*%(((:*%&U(
2"3:"1&U(((K)((>5((6&(.*#)'$%:)'((3)((#*%&U(((c?:*(($6:(6&%:1)((.&1,*3*)/((#$1?(0%$6"*((6&(>1"%:D(((C"3%&?:&J#5D(
"12"%5((&'(((3)(((4'$.(((.&,&1U
S((H12*%)'((((&((((0%2&6'*%*:/((((2"#%)'&D((((.:1*45(VA*3)7)'U(:1*#*7G%2)JL(6&(">*7&1)'(#&2*3(0%(=9"1(2&J$(')%4)'(
3$#&1&*/(3)()%(?):(((9*%&(((2*1&37*"%$'U
S(((!)?**D(7*65("(>&#&*&(.3)%25(3&(6$1&($($,&$()%(&X$3&19$:(.*#7(6$:1*":*3/(?*(.$1&(0%(.6*%$1&$()%)*(+3B)6"(
$2"1#*:/(0'(#)?35(3)(((.5'95:*3*&((2&(((4G:(((?*JL(((:1$4&((2&((()1&3B*((3)((($#9&'&(((#G*%*U
[(Z$1q5(($315U
(9
A&3$%*3)'(2&('"3"#":*,5/(3$1&(=53&$(2&J$(3)1#&=*?)'(#&.&*/(.>"15*%2(3$("(21)T95/(.&(:1&=&?:&(91).3('$($)=)'(
154&:&'"1(3&')*(2*%(+3B)6"U
S((Z'(/$*[/(,/,%P!Z'&!=72%!-AP\!!!!!153%&?:&(&'/(g$?&=G%2)J.&(0%:1J"((1G%5((6&((()%((.3$)%((3)((3$1&(((7"65*&(
61*%((:"$:5(3$#&1$/(?)*&1G%2(((?*(((*#*:G%2((("((('"3"T%":*,5((3)((($9)1*U
S((C1&3*.("(.5JL(,G1&('$(153"$1&(6&(:*35'".)'(5.:$/(61"1"3&?:&(Q$3B:#&*.:&1)'(0%(:*#6(3&JL()1#51&?:&(."91)(
6&(#&3$%*3)'(3$1&(?)*&15((?*((6)>5*&U
S((Y"7*("(.J"(.>G1?*#($3"'"/(#$*(2&,1&#&(.$)(#$*(:G1=*)/(15.6)%2&(((@1&4"1((#"B"1G:U
S((L?,(],$),!K'&,%A)$*[5!+'!A$./!.3!.*23%>\\5!1&3*:5(C"1:$(3)(."'&#%*:$:&((2*%(((@"&:B&U
A&3$%*3)'(2&('"3"#":*,5(0'(25(6&.:&(3$6(6&(">*7&1)'(#&2*3U(\3&.:$(.&(:G15?:&(6&('G%45(6&1&:&(?*($6"*(.&(1*2*35(
0%(>$7$(A*3)7)')*U
S((Y&J$#(45.*:/(>*)'&D(Y&J$#(45.*:/(9"'9"1".&?:&(&'(6&()%(:"%(*2*":U(((<&((#$*((>$3&((:$:$/(>*)'&W((c($6:((6&%:1)(
.&1,*3*)W
S((K)(3B*$1/(15.6)%2&((A*3)7)'U((EJ$)(:5*$:(3$6)'(31&:*%('$(])B'.9)::&'/((0%((2*#*%&$7$((\%)')*(((K")(((LMdeD
S((<5*'&(((F"#%)')*(((.)%:(((2&(((%&65:1)%.D(((.).6*%5(((">*7&1)'(#&2*3/((>53G%2)J?*((31)3&U(((<)*((0*((6$.5(2$35(
$*((.$)((%J$*((3$6W(<"%:&$=5(.5(>**($6:(6&%:1)(.&1,*3*)U(`*J%(>"%2/('$(3&J*(:1&9)*&(3$6()%)*(."'2$:(4&1#$%W(0%35(
2*%(61*#$(=*(2&(3$=$1#5(*(.&(.6)%&(.5(0%3&:&=&(2&J$(#$*(4G%2*U(A$*(9*%&($#('5.$(T)2&3$:$(0%(.&$#$(3$*'"1U(
F&J$*$('&J$(2$:(F)#%&=&)()%(3$6($?$(#$1&U(F$1/(:":)?*/(3&((>$3((&)(('$(((P;1".3"*)'_W
S((Z5(.6)%(&)/(2"#%)'&(2"3:"1/(.)4B*7&(C"1:$U(Z5(0#95:$7*(31*75(?*('&(&X6'*3$7*(3&'"1(61&=&%7*(35(.)%:($67*(
6&%:1)(.&1,*3*)D
S((E#6".*9*'D(61":&.:&$=5(2"3:"1)'/(,&%*%2)J?*(0%(>*1&("(3'*65U(c)(%)(.)%:(2&(.&1,*3*)(?*/(2$35(%)(.)%:/(
%*#&%*(%)(6"$:&(>*(2&3'$1$:($6:(6&%:1)(.&1,*3*)D(Y1&9)*&(.5(#5(1$6"1:$7*U(<&1(.5(>*)(2).(0%(>$7$(<)17**(
A$17*$'&U(`*($3)#(#5(,"*(6159)?*D(7*65(&'/(3)("(,"3&(65:1)%=5:"$1&/(?*(3$2&(>515(,'$45(6&.:&(:&T4B&$U(C&(:*%&(
:&(35):$#D((AG*%&("(.5J7*(.3"$:&#(6'5#G%**U(H1*3)#/(6&1."$%&'&(*%$6:&(6&%:1)(.&1,*3*)(%J$)(%&,"*&(2&(
6'5#G%*/(*$1(:)(&?:*("(1)*%5U
S((!*2*35J:&/(:*35'".(9&7*,D(=9*$15(9$1#$%)'/(0#6*%4G%2)JL(0%('5:)1*U
S((E.).&((?*((A51*&D(.:1*45(C"1:$U(<G:(:)6&)($1&(%&#&1%*3)'(5.:$D(((<&J*((2&((>53):W
[(F$7*J,5(((0%$6"*D(((Y1&%)'(((6"1%&?:&D(((jE9U(((4&1#$%5kU
[[(LE5!!!*)$475!!./-$5!!!,;/$!-/@/!!+-!!=('03-.7>!!!jE9U((4&1#$%5kU
S((Y5*$7*J*(9&1&4$:$/(.)4&1&$=5(9$1#$%)'(6&()%(:"%(#*&1".U(bb(\T)%4&D(((()1'5(((@1&T4"1(((91).3/(((0%3B&*%2)J
?*(((3&%:)1$U
!*2*35J:&/((9&7*,((%":"1*)D(((E%((6*3*"$1&D(((8$((61*#$((0%3&13$1&(2&(V$2$1&(V,"#(:1$4&/(0?*($1#&$=5(CJdeJ)'(3)(
=4"#":U(+&(.*#:&(2'%:1J"(V2$:5(,*"*/((?*((#$*((3"#$%25(("((9&1&U
bb(K)(#5('5.$7*/(95*&7*D(.&(:G%4)*&(">*7&1)'(#&2*3/($1)%3G%2
"(((61*,*1&(((6&(((.)9(((>).:&'&J(2"$#%&'"1(((6$:1*"$:&U(((\1&.:$7*J#5D(F)3&7*J#5('$(.6G%=)15:"$1&D(<$6)'(5.:$(
$:G1%5(61&$(41&)(3$(.5JL
#$*((6":((2)3&D
bb(+)%5(61"#*75:"1/((">:&$=5(9$1#$%)'((0%:1*.:$:U(((]$3&7*J%&
:):)1"1$(("((>$,"$1&(((?*(((')$7*JL((3)((,"*D
S((F&(3&(%)W(.&(0%,"*&?:&(@1&4"1U(C)%&7*JL(0%(35:)?&($'5:)1*
2&((3&*'$'7*((%&%"1"3*7*U
S((<&(.6)*W(61":&.:&$=5((C"1:$U(K)(6"7*(>$3&()%$(3$($.:$U(+)%:&#("6:(*%?*(3$1&(&.3"1:5#(6$:1)(61*="%*&1*/(
&X$3:(3)#(.31*&(0%(!&4)'$#&%:)'(\1#$:&*U(F$35($*(2&(4G%2(.5JL(*&*(3)(:*%&(6&(*2*":)'(5.:$/(,$(:1&9)*(.5(
45.&?:*(0%35(2"*("$#&%*(6&%:1)(&.3"1:5U(\':>&'/(("((.5(:&(:1&=&?:*((0%(>$7$(:1*9)%$')')*(6&%:1)((0%35'3$1&$(
1&4)'$#&%:)')*U((I%2&J$#($T)%4&(2$35("1*3*%&($1($,&$(,"*&(.5($2)%&(2&(6&(21)#(61*="%*&1*(0%(6').W(CG%5(.5(
%&(25#(.&$#$(3&(.&((6&:1&3&/((%&(((:1$%.>"1#5#(((0%:1J)%(((."*((2&((6&'&1*%$T(((.$)((2&
31)3*$25U
S((A5(">&1(4$125(.)6'*#&%:$15/(.6)%&()%(p54&1(3)(#):15(2&(7$6/()2(6G%5('$(6*&'&U(C&1#*.*$(#&$(.J$(:&1#*%$:(
$3)#(2")5(=*'&(?*/(2$35('&(.&1,&.3()%(#":*,(6'$)=*9*'/($?(#$*(6):&$(2&65?*(6)7*%(:*#6)'U
S((\*(($1#5W(0%:1&$95((@1&4"1((61"=$*3U
S((E$(((:&((()*:5D((1$4&(((p54&1)'((>&1*3*:/((.3"7G%2(("((6)?35((2*%(.6$:&'&(:&T4B&'&*U((\#(?*(#)%*7*&U(A5(0%21&6:(
.61&(>1"%:)'(2*%(<$)3$=U
S((H(.5(2)1&=&(3&,$(6G%5($3"'"/(0%3),**%7&$=5(C"1:$U(A$*($,&#((%&,"*&(2&((0%35(()%(("#U
S((I*:&JL($*3*D(9)9)*&("(,"3&(2*%.61&()?5/(?*(0?*(>$3&($6$1*7*$("((.*')&:5(2&((3)'"$1&$(($9$%".)')*/((0%(
)%*>"1#5((C$%=&1U
S((c*/(($(3$6*:)'$:(\>1*3$W(0%:1&$95((C"1:$(()*#*:U((F&()%2&(21$3)V($*((#$*(($651):(((?*((:)W
C&((3B*6)'((:)3*)1*)((.&((*,&.3((%*?:&((2*%7*(($'9*U
Jn(+)%:(%&$#7U(+:$9.4&>1&*:&1(\'9&1:(A)#9):"/(A(C$%=&1(\9:&*')%4U(Y$:5'(#&)($(>".:(4"1%*.:('$(.:$:)'J#$T"1(
2*%(O(8&*9B).$1&%(!&4*#&%:U(\(2$:(#G%$(3)(C1*%7)'(?*(LJ$(,5=):(6&(f$*.&1U(\3)#(.)%:(:1$%.>&1$:('$(
!&4*#&%:)'(On(C$%=&1U
S((s?:*$(.)%:&#(3B*$1(%"*/(1G%T&?:&(C"1:$(9)3)1"./(07*()15#()%(35'2)1".(P9*%&J$*(,&%*:_/(%&41)'&D(\3)#(?:*#(
3&J*(2&(>53):U(\1&.:$7*JL(((6&((2"3:"1D
Le
S((-$*(0%3"$3&/(6)*(2&(:G1>5D()1'5(A*3)7)'/(>*XG%2(35:)?&'&(6&(0%3B&*&:)1*'&(2"3:"1)')*(0%:1J"(#$%*&15(3)(
$2&,51$:($#&1*3$%5U(c?:*((($1&.:$:/(((#&?:&1&/((($?$V(35(((0%3&:&$=5((.5((#5((#$*((J61","3*(2&J$3)#(((0%$*%:&D
S(VF"$#%&(+>*%:&/(F"$#%&(+>*%:&D(*%:"%&$=5(">*7&1)'(#&2*3/(0#61&)%G%2)J?*(((#G*%*'&(((?*(((1*2*3G%2)J'&(
.61&((3&1((0%((.&#%((2&(1)453*)%&U(jE=9)3%&?:&(0%:1J)%(B"B":(2&(1G.Uk(-$*(.5(#&14&#/(95*&7*U(\3)#(.)%:&#(3)(
:"7**($67*(6&%:1)(.&1,*3*)U(E$1(&)(.)%:()%(#$1&((6"13/(($2#*:&((&'((3)((.*%3&1*:$:&((2&((9&7*,U
<G%2(&.3"1:$(3":&?:&(6&(@*6..:1$..&/(0%3&6&(.5(=9*&1&(.61&()%(3)6')((3$1&((#"75*&h
S((-&*/(,"*(5*$(2"*D(-&*D(Z1&7*(.5JL(3)%"$?:&7*(6&(2"3:"1)'(\'>1&2(-**::&%W(\(%)(>*(3"%>)%2$:(3)(,51)'(')*/(
2"3:"1)'(H.^$1(-)V::&%/(3$1&(&()%(,&:&1*%$1(9&7*,(?*()%(>&'(2&(654G%D(K)(31&2&(%*3*((0%(((])VB1&1/((%*3*((0%(
+>G%:$((Y1&*#&D
S((+:56G%&?:&J:&/(652)3B*".)'&D(#G1G*&(@1&4"1(*1*:$:U(F$35(%)/(("((.5((:&((6"#&%&?:*((3)((%$.)'((>53):(
75%251*U
S(p).:D(p).:D(2"#%)'&(H9&1T54&1/(=G#9&?:&(">*7&1)'(#&2*3(>515(,'$45/((0%3"'53*%2)J.&((0%(T)1)'(()%)*((.:G'6U
S((-$*2&7*(.5JL('5.5#(0%(6$13/(61"6)%(&)(2)65(3&/(0%:1J)%(:G1=*)/($#(1&)?*:(.5JL(2&.61*%2&#(2&(6&(.:G'6/(0?*(
1*2*3$.&(6*3*"1)'(0%((21&6:)'((')*/(3$U()%(3G*%&U(((I%((]&'2R&9&'((2*%(((8)>:R$>>&(%&()1#51&?:&((3)((*%:&1&.U
H>*7&1)'((#&2*3((0'((.$'):5U
S((E%((.>G1?*:/(*$:5J:&D(.:1*45(&'(>&1*3*:U((\%4'*$(&(1)*%$:5W(c(.65'$:5($3)#(2&((A$1&$((@&1#$%*&W(<&*(2&('$(
8)>:R$>>&(.)%:(%*?:&(((7*6*(((2&(((:"$:5((*.61$,$/(((2&31&:&$=5((&'(((6)7*%(((#$*(((:G1=*)/(7*%G%2)J?*(91$7&'&(0%:*%.&(
?*(*#*:G%2()%($,*"%U(!&*3B.#$1.3B$'')0(61*#&?:&(((3&'&(((#$*(((*#6"1:$%:&(("12*%&((($'&(((@&1#$%*&*U(((]53):&(
.6&3*$'((6&%:1)(&'D
S((@)?*'&(%&#7&?:*(()#>'$:&(:1&9)*&(.5(61*#&$.35(?*("12*%&(%&#7&?:*((%&)#>'$0&/(>*'".">&$=5((C"1:$U
S((-$':D(((I%2&J*(((2)3&7*(((6&((("$#&%**(((5?:*$W(((,*%&((("(((,"3&(61">)%25(2*%(0%:)%&1*3U(C1*%:1J"()?5(#*35(
2*%(.6$:&'&(9*.&1*3**(c1'".&1[((($6$1&((()%((61&":(((#*'*:$1(((3"16"'&%:/((3)(((9"%&:$((6).5(*%,&1.U
S((!5.6)%2&/(("#)'&D(((!5.6)%2&D
S((C1*="%*&1*/(&.3"1:5/(.:$*D(3"#$%25(@1&4"1/(3)("(&X61&.*&(%&>&1*3*:5(((6&(((>$75/(((2&(((6$135((($1(((1&41&:$(
2&T$(((0%:G'%*1&$(((3)(1&61&=&%:$%:)'((.6*1*:)$'(($'((.&1,*3*)')*U(((C51*%:&/(&.3"1:5#(3*%3*(61*="%*&1*((2&(('$(
3$=$1#$(((C$%=&1(('$(((0%3B*."$1&$((4$1%*="$%&*U
S((E$(:&()*:5D(.6)%&(61&":)'(#*'*:$1/(0%3G%:$:U(F&3*/(,5($>'$7*(0%(((21)#(((.61&((6)?351*&/(((%)W((<1&2((35(("((.5(
,5((0%."7&.3U((\)
[(;*.&1*3$((AG%:)*1**((jE9U((4&1#$%5kU
9)%$('$(6"6":$(">*7&1*'"1(?*/(2$35(%)(#5(0%?&'/($=*(&(=*(g__>$."'&(91)%5U(F$35J*(6'$3&(3)*,$(>$."'&$/(.5(>$35()%(
6$.(i(V(:&(.5JL(0#6)?3D(0?*(3'$:*%5(3$6)'(3)($:G:$(>"175(0%3G:(0*(m9"$15(3$6&'$(?*(.&(1".:"4"'&?:&(2&J$(')%4)'(
.:15=**U
bb(4((9&$:D((.6)%&(((C"1:$(3)((.)90%7&'&.U
0%(:&%:$:*,$(2&($J?*(1&3)6&1$(3$6&'$/(61&":)'(.&(6159)?&?:&(2&(2")5("1*U(<G%2/(0%(.>G1?*:/(1&)?&?:&(.J"(0%B$7&/("(
6)%&(2&J$
3)1#&=*?)'U000000000000000000000000000000000000000000000000000000000000000000000000000000U
bb(\.:$(((6&%:1)(((*%2)3&1&$((((#(((&1"$1&((($((($2,&1.$1)')*/
#51:)1*.&?:&(&'/(3)()%(1G%T&:(,*3'&$%U(I1#$7*J#5D(<"%>"1#("12*%&'"1(]**B1&1)')*/(,"#(6)%&(#G%$(6&(
P]&3*"$1$(:1$%2$>*1*&_/(?*($3"'"('&(,*%(&)(2&(B$3U(A*(.&(6$1&(35(:&J$#(#$*(,5=):()%2&,$/(%)W(*(.&($21&.&$=5(
')*(C"1:$U
S((+>*%7*$(((,"$.:15/(((.5(((:15*7*D(((\3)#(((3G:,$(((:*#6((($#(((>".:($T):"1)'(((61&":)')*(((#*'*:$1(((2&((('$(
F*,*=*$((((n(((E%>$%:&1*&(((2*%(A**%3B&%U(\#(>".:(:1$%.>&1$:/(2"#%)'&/(2*%(3$)=5(35(%)(&1$#(.)>*3*&%:((2&(
31&2*%3*".D
S((\.:$(0%.&$#%5(35(%)(31&=*(0%(F)#%&=&)D(9"'9"1".&?:&(61&":)'/((7*%G%2((0%((91$7&()%((.:G'6U
S((;$(31&2/((2$1((%)#$*((3G%2((#*J&((>1*35((2&((3&,$D(($2#*:&(C"1:$U(F&(&X&#6')/($:)%3*(3G%2(2)?#$%**(
@&1#$%*&*($1)%35(3)("9)=&(0%(#*%&D(C51*%:&/(2"#%)'&/(0%(3"%2*7**(%"1#$'&(&)(%)(6":(.5(>$3(2&".&9*1&$(
2*%:1&("#/(6"1)#9&'/(.>G%:(1"#$%(?*("(6*.*35(>*%'$%2&=5((0%$1*6$:5U(((m5)((35(((%)((6":/((2"#%)'&D
S((K)/(((%*3*(((&)/(((#)1#)15((61&":)'/(((.51):G%2(((0%>*&19G%:$:(.:G'6)'U(Y"7*(0'()*:5#(6&(F)#%&=&)(3G%2(
')31)1*'&(#&14(9*%&U(<5(,&%*(,"19$/((&?:*((3J3(J3$:"'*3((.$)((6J61":&.:$%:W
S((C5*/(651*%:&/(2"#%)'&/(.J$1(6):&$(.6)%&(35(.)%:(3G:&(6)7*%(2*%(>*&3$1&U(\2*35(.)%:(3&&$(3&J#*(61*&?:&(6&(
#"#&%:/(1&3)%"$?:&(C"1:$(3)((61)2&%75U
S((0#*(6'$3&D((<B*$1(0#*(6'$3&D(1G2&(61&":)'(1&4*#&%:)')*/(6)%G%2(#G%$(6&()#51)'(')*(C"1:$(0%(.&#%(2&(
61*&:&%*&U(Y"3#$*($1%g(>".:('$(&6*.3"6U((Z$:*3$%)'(.&(*%:&1&.&$=5(2&(#*%&U((+&(,$(0%:G#6'$()%(')31)(
%&"9*?%)*:U(+J$1(6):&$(.5(6":(>$3&(3&,$(6&%:1)(:*%&/((H9&14&>1&*:&1U(((Y&((,"*(:1$%.>&1$('$((.&J.&1,*3*)'(#*J
#*'*:$1(1&J1&'*4*".U(\1(>*(#$1&(653$:(3$()%("#(3$(:*%&(.5(.&(6*$125(6&($':$1)'((%&%"1"3*:(($'(((Z$:&1'$%2)')*U
S((+)%:(2&($3"12/(?"6:&?:&(C"1:$/(>53G%2(1$6*2(.&#%)'(31)3**U
S((-$*/(3&(#$*(.:$*D(=*3&(61&":)'/(1&6&=*%2)J.&('$()%(*%$#*3(*#$4*%$1U(8$(21&$6:$/(.:G%4$J#61&T)1/(0%$*%:&(
#$1?D(<)%"$?:&7*(21)#)'D(((8$(((P]&3*"$1$_((2*%(((;&14.:1$..&U
S((+>&:%*3**(1&'*4*"?*(3$1&(,"19&.3(2&.61&(61*&:&%*&(%)(.)%:(2&#%*(((2&(((0%31&2&1&/(((.6)%&(((\'9&1:(
0#9)>%$:/(((6&(((3G%2(((.&(0%2&651:&$=5(2&((61&":U
O2
3)(((:"7**(((0%(((0%:)%&1*3
]%/(:*#6(3&(#51?5')*#(6&('G%45(4$12)'(,*)(2*%(+:$2:(C$1^/(((((((((c.3"1:$(((`*(((C1'=tu(U^!"3"'(?*(.&(0%:"$13&('$(H9&1.:U(
c(3$:(6&
P-$':_(15.)%5:"1(9)9)*&(0%(2*#*%&$7$('*%*?:*:5U((F&(2)65(4$/((((35):G%2(3$')V(X($$#9'$)$U(<G%2(0?*(6)%&(9"%&:$/(0?*(2$(
.&$#$
X(T('",&$.35()
35
$6$1&(9).:)'()%)*(H9&1.:/(0%(#$%:$(?*(3)(9"%&:5(6&(Y&1"1*=$:U(@1&4"1($61"$6&(35J?*(.3$65($):"#$:)'U(8*%*?:&$(*(&(
0%:1&1)6:5(2&(=4"#":&(.:1$%**/(3$1&(.&$#5%5(3)(*3*(6$.$4&1*'"1(2&(6&()%(,$./(2)65(3&($)(>".:('",*7*(3)(:"7**(2&(15)/l(
\6)35
$(2&((%"1(")
J$(.$(.
#$1&U(((Z*%(((2*%.61&((61&":/((3$1&(((.&((2&.3":"1".&?:&(((2&((:":(3"%.)#$:((('$(((6"6":$(((!&4*#&%:)')*(((v(((C$%=&1U(
`*((%)((&((6lUh7T1
@$12)'(.&(:&1#*%5(?*(.&(61">*'&$=5/(3$()%(YJdN/()%(H'XJ1/(35'$1&(6&()%(3$'(91)%U(<$')'(6)>%&?:&(0%(21&6:)'(')*(C"17*(
0%3B*=G%2()%("3B*/(3$(?*(3)#($1J.6)%&h(P]**($:&%:('$(3&(,$()1*%$DV
S((<&(((21$3)J*($*3*/(3"3*%5(2&(6"13*W(=9*$15(H9&1.:)'(>)l*"l('",*%2)J?*(3*=#&'&(2&(35'51*&(3)(31$,$?$U(@1&4"1(.&(
0#6*&2*35(T(.$'):5((6"3%*%2)J?*((35'3G*&'&U
S((F"#%)'&(H9&1.:D(C&1#*:&7*(.5(1$6"1:&=/(2"#%)'&D(<l#(61*="%*&1*(((?*(("((&.3"1:5((0%(21)#(.61&(6)?351*&/(
2"#%)'&D((Y":(0%35:)?$7*/(($?$((3)#((.31*&(((0%(((!&4)'$#&%:/((2"#%)'&D
S((F&3*(%&(0%:G'%*#(2*%(%")/(2"#%)'&(H9&1.:D()1'5(61&":)(>&1*3*:/(0#6*%4G%2)JL(D$("(6$1:&(6&(@1&4"1/(3$(6&()%(
4)%"*U(@
/$(gg(4$:$(.5(1$6"1:&=&
6)%5(2"0(P-&11(H9&1.:_/(2$1(&(0%:1&1)6:(2&()%(154&:(6)%5
2&(>)1*&g((((X(1&(.&($1)%35(0%(?$)$(3$')')*/(H9&1.:)'(6$1&(3&,$(\9*$(2)CZ$"0&$3G(:$(>$75(6&.:&(4G:)'(3$')')*(?*JL(
61*,&?:&(#$'(2u:$`(%1&W:(((3$1&(($(((15#$.((0%((%"1"*(((?*((,"19&?:&((.*%4)1(>*"1".((6&((C&W000000000000000000VV7*65((H9&1.:)'U((\(
$:$3$:(()%(">*7&1
A*3)7)'U(S(C&
#$*(>$3&(."7*$(2)#%&$,"$.:15/(2"#%)'&/(0%35(#5(#$*(*)9:w*&V(((2*%("12*%)'(2"#%)')*(4&%&1$'(2&g3$,$(&(gggg(
2"#%)'&/(((&1$
3)7)'U
S(C&1#*:&7*(.5(1$6"1:&=/(2"#%)'&D(AJ$#(%5.3):(3)(&$/(.J5(GH/G_!C3*B%%$:**(\1#$:&*(#J$)(2&3'$1$:(7*3%*:/(2"#%)'&/(
0%(LMde/
:15*7*D(C.*B"6$7**(\1#$:&*
.$:
*J$#(((>".:((("12"%$%75D(3"#$%2$%:)'((<"16)')*(S(0'(3)%".3(>"$1:&
$.('$(4&%&1$')'(f%"3B&%$)&1U(1,w#%)'(4&%&1$'(?*(3)(b(C&1#*:&7*(.5(1$6"1:&=/(2"#%)'&U(`a^!.t(A*3)7)'U
#*%&($#($,):(%*?:&(61"9'&#&/(.$(:15*7*/(=$#(__!H9&1.:)'/(S(Y":)?*/(3&(>&'(2&("#(g(&?:*(*)U0000000000g($bj(S(6&
0%3'*%G%2)J.&(?*(#$*(#)':(6&.:&(4$:)'(3$')'(((/(6
A*3)7)'((#$*((2&(($61"$6&U
+6&1((.J"((,52((0%((3)1G%2(('$(((.6",&2$%*&/((2"#%)'&D(((!G.)'(=4"#":".((15.)%5(6&((0%:1&$4$(((.:1$25U
S((c?:*(((9&$:/((("#)'&D(((#G1G*&(((0%>)%2$:(((H9&1.:)'U
S((C1".:**U(E%.)':$7*(2*.:*%37*$(#&$(.6*1*:)$'5U(j+&(1&6&2&('$(((H9&1.:)'/(#G%4G*%2(3$')'(6&(41)#$=(H9&1.:/(
>"'".*%2(31$,$?$(3$(6&("(.$9*&Uk(Z&=*(3)#(:&(6"17*D(H(.5(((>".:(4&%&1$')'U(Y1&9)*&(35(&1$*()%(."'2$:(:&(:$*(3$(6&()%(
+$)&1^1$):/(.5(?:**U(+5(%)(31&=*(35(#*J&(>1*35(2&("(((15#$.(('$((4&%&1$')'(((f%"3B&%B$)&1(3$1*3$:)15(2&(H9&1.:(
%)#$*(>**%235(.:5(3"3"7$:(6&("(#G17"$4GV
+)%:&7*(($#G%2"*((%*?:&((6"3*:$%**D
S((C)%&7*JL(0%('$%7)1*/("12"%5(H9&1.:)'(3)("(,"3&(:)%5:"$1&U(A*3)7)'(.&(1&6&2&('$(61&":/(3$()%()1.(6"'$1(
0%>"#&:$:/(?*JL
:1G%:&?:&('$(65#G%:U((m56$2$(#)12$15(0#61"$?35(3*=#&'&(9*%&(').:1)*:&(($'&(((H9&1.:)')*U
<$')'(%&3B&$=5(?*/(.&(1*2*35(0%(2")5(6*3*"$1&(0%(.&#%(2&(61":&.:U(H9&1.:)'($')%&35(0%:1J"(6$1:&/(2$1(.&(.$',&$=5(
61*%=G%2)J.&(2&(4G:)'(3$')')*U(<$')'(.&(3$91&$=5(2*%(%")/(2$1(2&(2$:$($.:$(H9&1.:)'(.&(2&=&3B*'*91&$=5(?*(3$2&/(3)(
)%(6'&.35*:/(2*1&3:(0%(#"3*1'$('G%45(3$1&(.&($>'5(A*3)7)'(?*(61&":)'U
S((;)%((,&%*:(('$(((%"*(($3$.5/((3B*3":&?:&((61&":)'(((?*((.$'):5U(Y1&#)1G%2(2&(&#"7*&/(@1&4"1(0'($T):5(6&(H9&1.:(.5(
.&(1*2*3&U
K*#&%*(%)(9$45(2&(.&$#5(35(C"1:$(0*(25(3$')')*("(6$'#5(6&.:&(31)65/((?*(($%*#$')'(("((*$(('$((4$'"6((61*%((6$13/(
.51*%2((4$12)'U
S((C&1#*:&7*(.5(1$6"1:&=/(2"#%)'&D(<$')'($(2&=&1:$:/(.5(:15*7*D(=9*$15(((C"1:$/((6"3%*%2((2&((2")5(("1*((2*%((35'3G*&U
S((C1*%2&7*JLD(("12"%5(.3)1:(((H9&1.:)'U
1$6"1:&=/
%b$*(#$
6'"$*&(2&((.3G%:&*U00000000000000000000000000000000000U(((((((qJ#51&7**D(((#("()15
J(H(.5(#$:($)=*(2&(#*%&/(0'($#&%*%7$(H9&1.:)'(((3)

\3)#(&?:*(0%(6"#U(K)(6"7*(.5J'(*&*(3)(:*%&/(>**%235($(%&,"*&(((2&(((0%35(((2"*((("$#&%*(((6&%:1)(((&.3"1:$(((?/((($(
!&4)'$#&%:)'(\1#$:&*U(H(.5J7*(6*&1=*(41$2&'&(?U(2$3$(.3$6*
2"*($%*('$(@&1#&1.B&*#/(6"7*(.5(:&(3"%.*2&1*(%"1"3".U(I%(H931.7(7*J$(2$:("12*%(.5JL($1&.:&=*(6&(61&":U(F$35(%J"(
>$3*/(.&(3B&$#5(x(1&>)=*(.5JL(&X&3)7*U(\.:$(:&J$1(6):&$(3".:$(3$6)'/(>*)'&D
S((`*J$:)%3*/(3&(21$3)($1(:1&9)*(.5(>$3W(.&(:G%4)*&(@1&4"1(3)(:1*.:&7&U(j;'&.:&#5(=*)$(0%(3$1&($(>".:(%)#*:(.)9">*7&1(
?*($(:(".:($'&.(3"#$%2$%:(2&(&.3"1:5Uk(\T):$7*J#5(.5(*&.(2*%(:1&$9$($.:$(3"%:*%)5((&'U
S((;*%&/(2$1(%)#$*($3)#/(=G#9&?:&('$14(C"1:$/(2&?*(%)J#*(6'$3&(((61&$(((#)':((.5(((#5((($#&.:&3(((0%(((2&3*=**'&(
)%)*(((.)9">*7&1U
S((8$.5(((>'&351&$'$D(((*=9)3%&?:&(((@1&4"1/(((6'*%(((2&(((.6&1$%75/(+6)%&J#*(((3&(((.5((>$3U
S((CG%5(.5(.&(*,&$.35(H9&1.:)'(35'$1&/(61&":)'(1&4*#&%:)')*(7*J$(2$:()%("12*%U((y*J$((=*.(.5(')5#(P]&3*"$1$(
:1$%2$>*1*&_(2*%(;&14.:1$..&U(C1&":)'(&(">*7&1(2&(.:$:J#$T"1/(&3B*,$'&%:(0%(41$2(3)()%(#$*"1/(*$1(%&.)6)%&1&$('$(
"12*%)'(')*(:&J$1(6):&$(3".:$(#)':U
S((C&%:1)((%)#&'&((')*(((F)#%&=&)/(3&(.5(>$3((0%((3$=)'((5.:$VD(0%:1&$95(@1&4"1($61"$6&(6'G%4G%2/(.*#7*%2(35J*(
>)4&(65#G%:)'(2&(.)9(6*3*"$1&U(I%(61*="%*&1(%)J*(6"$:&("12"%$(3"#$%2$%:)')*(2&(((&.3"1:5/(((#$*((($'&.(((.5(((*%:1&(
0%:1J"(((31G?#5U
S((<1&2((((3J$*(((($,):((((#)':&g(((61"9'&#&(((3G%2(((:&J$*((((%5.3):D(1&>'&3:&$=5(C"1:$U(K)(61*3&6*W(0%35(%)(LJ$*(
0%:G'%*:(6&(H9V&1.:/(3)(3$')'(((')*(((3)(((:":U
S((AJ$#((61*%.D(15.6)%2&((@1&4"1/((?*("3B**((0*(.:*3'&.3(3$((.*(3)#((($1(((0%:1&,&2&$((("((.356$1&U(((K&((2)3&#(
2*1&3:(('$(((P]&3*"$1$(:1$%2$>*1*&_(3)(61&":)'(?*(%&(#$*(:15.35%*#(6)7*%U(\6"*(6'&35#(?*(0%2&6'*%*#(("12*%)'(
H9&1.:)')*/(($2*35(0'(($1&.:5#(6&((6"65U((<G:(:*#6(.:5#('$(P]&3*"$1$_/(#$*(>$3&#(1".:(2&(3G7*,$(*%?*(6&%:1)(&.3"1:5U
S((+6)*(:":(:*#6)'(P%"*_/(1&#$135(C"1:$(3)(#*1$1&U(Y)(&?:*(:*6)'(3$1&(:1&9)*&(.$(0%2&6'*%&$.35("12*%&'&U(Y)(2)3*(
#$1#*:$/(%)(%"*D(((Y)(((&?:*(((?&>)'D
S((+'$,5(((F"#%)')*(((35(((%)((.)%:((.)9">*7&1/((">:&$=5(((\'9&10U(2&=,&'*%2)J?*(((2*%7**((($'9*U(((c(((>"$1:&(
6&1*3)'".D
S((c?:*((($6:(((6&%:1)(((.&1,*3*)/(((=9*$15(((">*7&1)'(((#&2*3(((61*%(0%:)%&1*3/(((="1%5*%2)?*(($#&%*%75:"1(((35:)?&'&U
S((y*%&J7*((4)1$/(31&:*%)'&D(9)>%&?:&((A*3)7)'/((?*JL(*=9&?:&((0%(3&$>5(((3)(((6$:)'(((6)?:**U
S((C1*="%*&1*(?*(&.3"1:5/(#$1?(>"17$:D(3"#$%25(@1&4"1(3)("(,"3&(3$1&(:152&$=5(>$6:)'(35(%)J*(#$*(6$.5(2&(3&&$(3&(
.&(,$(0%:G#6'$U
C1&":)'(1&4*#&%:)')*(3"%2)3&(3"'"$%$/(7*%G%2)J?*(31$,$?$(6&()#51(3$(6&("(.$9*&U(F*%(3G%2(0%(3G%2(.&("61&?:&(2*%(
#51?5')*:(6&%:1)($(>$3&(3G7*,$(6$?*(2&(2$%.U(F&(3G:&("1*(:1&3&(6&('G%45()%(3*,*'/(0?*(.3"$:&(3$6&'$(2&(6&(3$6(3)()%(
4&.:(2&(3)1:"$=*&U
ON
6(,)'4$1(.5(9&*(95):)1*(.6*1:"$.&/(2&3'$15(">*7&1)'(#&2*3
1G%T&:(2153&.3U((+5(%)(31&=*(35(6"7*(>&%:$(61*#$('*%*&($
<I I1w
( ')*((((.6)%&(((&'(((0%:"13G%2)J.&(((35:1&(((Q$3B:#&*.:&1)'(((2&
G(3%"!!!J&(V3B*$1((2$35(>*3$:)'((:5)(9)12)?*:(.&(#51&?:&((?*(.:5(.5
&(((:":("(.5(:&(2&3'$1($6:(6&%:1)(.&1,*3*)D(j0*(25(%&41)')*()%(((i( -(((%V:(0%(.6$:&Uk(Z1&*(.5JL(3)%"?:*(#$*(9*%&(6&( <

2"3:"1)'(\'>1&2(>*.::>U%VV((((\*(((("3$=*$(((($3)#U((((\?(((6):&$((((.5((((:&((((:1*#*:(((('$(((("
!"#$%&''$(000000000000000000000000000000000000000000000000000000000000)00000000000000000*0000000000000000000000000000000000000000000++

*&=$'3""**=$1&(3$1&(:&J$1(:1$%.:"1#$(#:1J)%(4&1#$%($'9(3$(V.6$2$U(!&*3B.>)B1&1)'(++($(B":51G:(35(:"$:5(')#&$(
:1&9)*&(.5(2&,*%5($1*$%5U(<&*(3$1&($)(%$.)'(3"1"*$:(:1&9)*&(+5(?*JL(0%21&6:&U(H1*3)#/(-&11(+3BR$1:=/(:)(3)#($*(
>53):(1".:(2&(3)'"$1&$($.:$WD
bb(-$*/(,1$3*)'&/(:&1#*%5/(#G1G*&(\'9&1:/(:154G%2)J*()%
6)#%(">*7&1)')*(#&2*3/(3$1&(1&)?&?:&(:":)?*(.5(.&(>&1&$.35U
bb(]'535)'&/("1*3)#($*(>*/(%&41)(.$)($'9/(:":("(.5(:&(0%:"13*
6&((>1"%:D
S((Y15*7*((:"7*((2)65((,"*$(((F"#%)')*(((?*(((,&7*($T)%4&((0%(((!$*U(*%:"%&$=5((61&":)'/((1":*%2)J?*((31$,$?$((0%(T)1)'(
3$6)')*U
S((C1&"7**(.)%:(&X$3:(3$(6*3*"$1&'&(>&#&*'"1/(1G%T&?:&(C"1:$/(07*(61"#*:(%&0%3&:$:(3&,$(#$*(9)%(3)(3G:(,&*($T)%4&(
#$*(.).D
S((I3*2&7*J#5/(((3&1&(((61&":)'(((3)((("(((&X61&.*&(((.$315((6&((3B*6U(\?&=$(7*J#*((((3$6)'((((0%:1J)%((((6$1/(((('G%45(
9*.&1*3$((((4$1%*="$%&*/(0%:":2&$)%$(#*J$#(2"1*:(.5(2&,*%(#$1:*1U(j<$2&(0%(4&%)%3B*(0%(>$7$()%)*(*%2*3$:"1(2&(
"61*1&($(:1$#,$*&'"1/(?*JL(#G%4G*&(:$%21)Uk(K&(,"#((1&,&2&$/(21$4)'((#&)((<"6&1%*3D(((Z"3&$((.$(9$1*:"%$'5(
15.)%5(((0%(((0%:1&$4$(((6*$75U
S((\.:$(4G%2&?:&(3)(3)1)'/(#)1#)15(@1&4"1(1&.&#%$:U(c#*'(\>)1*.*:)'(,$(.3"$:&()%(6'):"%(0%:1&4(2&(#$1:*1*(2*%(
&'(3G%**('J"(61*%2&(((0%(((6)?351*&U
F&"2$:5/(((">*7&1)'(((#&2*3(((0?*(((0%3"'53&?:&(((91$7&'&(((0%(((T)1)'(A*3)7)')*((?*(0%3&6&(.5JL('*%45(6&(>$75(3$()%(3G*%&(
&#"7*"%$:U
S((<1&2&$#(35($*(#)1*:/(3$#$1$2&U(Y&(61&>$3*($'(21$3)')*(2&(9*%&/(2$V(:&J$#(2*9)*:U(Y)(&?:*(:*6)'(3$1&("(6)%&$(3)(
3$2$,1&'&(2*%(3$6&'$(2&('$(f'$4&%>)1:U(+3"$:&J7*(65'51*$(3G%2(,"19&?:*(3)()%(((($3$2&#*3*$%/((((9"'9"1".&?:&((((&'/(
$=,G1'*%2((((6&(((T".((((3$.3$
A*3)7)')*U
S(('$J7*('$9&'&(0#6)7*:&(2&(6&(3$.3$(#&$D(1$4&(A*3)7)'(>)1*"./
1*2*3G%2)J?*(((3$.3$U
J7)7($-!!0,-!!-(,!!!/(,$!!+'%&$5!M(,$!!+'%&$!-(,!47)7($-!!0,-"""5
3G%:5((>&1*3*:((">*7&1)'((#&2*3/((0%3&13G%2((.5((>$35((%*?:&(((6$?*((2&(3B$1'&.:"%U(((C*3*"$1&'&((*((.&(((0#6'&:*3&.3(
?*((.&((6159)?&?:&U
S((K),-!9-*/-!!,./5!!!$%)%75((61&":)'((3)((,"3&((:$1&/((6&(3G%2(C5:1)%2&(((0%((>1)%:&$((&.3"1:&*(('$(((P]&3*"$1$(
:1$%2$>*1*&_U
O+
S((K)(((.&(((6"$:&/((#)1#)15(9$1#$%)'/((.356G%2(2*%((#G%5(2")5(35%*(6'*%&U((E$15?*(%&%"1"3*:)J5'$(2&((6"65D
\.&#&%&$()%&*(B$*:&(2&(')6*(0%>"#&:$7*(3$1&(6"1%&.3('$($:$3(61&":)'(.&(%56).:&?:&($.)61$()%)*(6"13($>)#$:/(
3)(4V$1%*:)15(2&(+$)&1^1$):(?*(45')?:&U(K)(>"'".&?:&(3)7*:(?*(>)13)'*75/(3*(6)1(g(.*#6')('"65:&$=5(#G%3$1&$(3)(
$#9&'&(#G*%*U
;$1#$%)'(.&((*$((3)(#G*%*'&(2&(3$6U
S((F"$#%&/($T):5J%&/(35(5.:$(B$'&?:&(:":U(\*3*(&1$("(6"17*3(6&%:1)((?$.&((*%?*U((<&('&((#$*((2$)(($3)#(
6)?351*$?*'"1W
S((+6)%&J'&(.5JL(0%>)'&3&(6&(6"65/(.)4&1&$=5(C"1:$(61$3:*3/(K&((2&.3)135#(%"*((?*((>515(&'D
S((c(0%41"=*:"1(:*6)'(5.:$/(4&#&(9$1#$%)'U(<&'&(?$6:&(6'54*($'&((c4*6:)')*(.)%:(3"%:"6*:&(0%:1J)%$(.*%4)15D(
K)(&X*.:5(,1&"(6"6":5(2&(">*7&1*(2*%(="%$(#*'*:$15(;1$%2&%9)14(3$1&(.5(%)(.&(:&$#5((2&((("((,*=*:5((2&J$((')*U(
+&((.6)%&((35(("2$:5($((3*%$:((3)(!&*3B.#$1.3B$'')'(?*/(6G%5(.5J?*(:&1#*%&("$.6&7**($6&1*:*,&'&/(&'($(0%>)'&3$:(
:":(3&(&1$(6&(#$.5/(*%3').*,(>'"1*'&J$'&$(:G#6*:&(6&%:1)(2&3"1U(\':5(2$:5(*J$(.:1*3$:(:1&%)'&7)'(&'&3:1*3(')*(-&11(
@"1*%4U(2)65(3&(LJ$()#6'):(3)(3$1%&(2&(6"13U(8$(3&'5'$':(3$65:($'('*%*&*(&1$)((:1&*((9)35:$1*/((3$1&((:5*$)(
6)13&*((2&(('$6:&/(0*(6)%&$)(6&(>1*4$1&/(9)3$:5(3)(9)3$:5/(?*J*(0%3513$)(0%(,$4"$%&U(<G%2(:1&%)'($(6"1%*:/(:*6)'(
$(4"'*:(,$4"$%&'&U(F)65(3&($(:&1#*%$:/(:1&%)'(&1$($:G:(2&()%.)1"./(0%3G:('&J$(')$:(:1&*(.56:5#G%*(.6&3*$'*?:*'"1(
.5JL(6)%5(2*%(%")('$(6)%3:U((+&(#$*(.6)%&(35(:":(2*%(3$)=$(')*/(*%2*1&3:/(((8)>:R$>>&(($((6*&12):((;5:5'*$(
\%4'*&*U
S((A*%)%$:5(#G%3$1&/(.6)%&(61&":)'/(95:G%2)JL(6&(9$1#$%(6&(()#51(3)(()%((4&.:(($#*3$'U
S((A5(9)3)1((35(7*J$((6'53):/((15.6)%2&(($3&.:$($31)U
S((C"$:&(*J$1(#$*(>*(:1&9)*:(%*?:&(45')?:&/(2$1(%)(#5(6'G%4U(<$1%&$(2&(6"13($(>".:(9)%5U(C$1*&=(35($*($>)#$:J"(
$3$.5U(c?:*()%(?#&3B&1/(21$45(9$1#$%&U(`:*)(:":)'(2&.61&($>$3&1*(2*%($.:&$/(0%(3)1:&$(2*%(2".(7**(0%(#"2(*'&4$'(
%*?:&(6"13*/(%)J*($?$W(<G%2(#$*(:$*(,1&)%)'W(\?(,1&$(.5(:1&3(?*(&)(6&J$*3*U(F)65($.:$/(>$3(3*%.:&(3)()%(1G%2(2&(
9&1&(?*(?%$6.(3)($')%&U(<B&'%&1/(:1&3&(:":)'(6&(%":$(2&((6'$:5/((3$(2&(("9*3&*U
S((;&7*,$%)'((5.:$((')%$:*3((#5(25((4$:$/(?"6:&?:&(9$1#$%)'(2&="'$:U
S((\:)%3*(2&(3&(%)JL($1)%3*(0%(.:1$25W(0%:1&$95(C"1:$U(H(3*=#5(9*%&(6'$.$:5(0%(>)%2)'(')*(.>G%:/(?*(=9"$15(
*#&2*$:($>$15
S((K)(.&(6"$:&/(.).6*%5(9$1#$%)'(2*%(151)%3B*U(8J$7*($)=*D(2"$1U(`:*&(2&.61&(6"13**($.3)%?*/(?*(.*%4)1$(?$%.5(
$1(>*(.5J*(:1*#*:5(31&:*%**(5*$(2&(&%4'&=*("(9"#95(0%(3$6U(+6)%&(0%3"%:*%))(35(2&(#G*%&(,$(0%3&6&("(,*$75(
%")5(?*J?*(,$(6'5:*(:"$:&(2$:"1**'&/(2$1(3()%((#*%3*%".U
Oo
bb(%$(((2$U(Y"7*($,&#(%&3$=)1*'&(%"$.:1&/(.6)%&(C"1:$U(\#
bbb5!:(VIEL(?&>(2&(4$15/(-&11(8&"(;*1%9$)#/(3$1&(7*%&$(4$1$(3'*%t+T6$'5(2*%(;$#9&14U(I%(*%2*,*2($#$9*'/(
0%7&'&45:"1/(2$1(3)("(zd1_(&(.'59*3*)%&(6&%:1)(6$B$1U(;&$(4*%("'$%2&=(3)(9&1&(?*(F&"2$:5(9&1&(3)(?%$6.(
;)##&1')%2&1U(0%($T)%(2&(\%)'(K")/(<$(B":51$(3$(2&('$(0%:G*(*$%)$1*&(.5(>*&()%(9)%(3&:57&$%/(?*(#$*(+'k&.(
:1&$=U(+&(:1&=&$(2)65(6&:1&3&1&(0%:":2&$)%$(6&(:1&*(*$%)$1*&/($($(35(&1$(2&T$(61&$(:G1=*)(?*(:1&9)*$(.5($?:&6:&(
)1#5:"1)'(0%:G*(T$%)$1*&U(<G%2(<5*'&(]&1$:&(@&1#$%&($,&$)(61"9'&#&/(651&$)($(>*(*%,&%:$:&(3$(.5(.&(6"$:5(
2*.:1$(&'U(PC'$)&%U(%"2(2&(3$'&(>&1$:5D_(.:1*t$(&'()%&"1*(3G%2(:1&%)'($T)%4&$(0%(4$1$(')*U(<G%2(&5'5*"#(.&(
0#9)'=&$)/(0%3&13G%2(.5(3"9"$1&/(=9*&1$('$(&*(?*J*(0%:1&9$(0%3":1"($)(6"1%*:J"(?*(2$35(%)(?:*)(.5(3*:&$.35U(C&(
*%2*3$:"$1&(.31*$(;$#9&14/(%)WV(\1(>*(6):):(.5(.3$6&(6G%5(?*(2&("($3)=$7*&(2&(31*#5/(6&%:1)(35(."31)'(')*(
>).&.&(>1*=&1)'(]**B1&1)')*(6G%5(0%(LMdd/(*$1($3)#(&1$(@$)'&*:&1('"3$'U
F$1(:"$:&($.:&$($)(2)1$:(6G%5J%:1J"(=*/(3G%2(%*3*(3B*$1(@$)'&*:&1)'(>1*=&1(%)(LJ$(#$*(6):):(.$',$UV+J$(
0%:G#6'$:('$(.3)1:(:*#6(2)65(3&($(0%3&6):(.5(#5%G%3&(B&1*%4*(.51$7*/(0*(.6).&.&(3*%&,$(35($T):5('$(:1&=*1&$(2*%(
#$B#)1&$'5/(0%(=*)$(2&(OUL(>&91)$1*&/(3)(6)7*%(0%$*%:&(2&("1$()%.61&=&3&/(31&2/(:"$:&($)(0%3&6):(.5(#&$145(
6&(2".U(`&>)'(2&(4$15(;*1%9$)#(.:5:&$(6&(6&1"%)'(3*%3*/(3)()%(.:&$4(,&12&(0%(#G%$(.:G%45(?*(3)()%)'(1"?)(0%(
21&$6:$/(#&.:&3G%2()%(B&1*%4(.51$:/(3G%2(,5=)(3)(.)161*%2&1&(35(:1&%)'(2&(#$1>5(L{M(,*%&('$(6&1"%)'(:1&*/(0%(
'"3(2&(6&1"%)'(3*%3*U(\(>'):)1$:(3)(4&.:)1*($#6'&($#9&'&(.:&$4)1*h(PL{M/(L{MD(<&(35):$7*('$(6&1"%)'(5'$W_
Y1&%)'(0?*(,&2&$(0%.5(2&(21)#U(+J$(1&6&=*:(6&.:&(?*%&/(>'):)1G%2(0%(3"%:*%)$1&(.:&$4)1*'&U(C&(6&1"%)'(:1&*/($(
35'3$:(6&("(65'51*&(,&3B&(?*(.'*%"$.5/(6*&12):5(2&(3*%&,$/(?*($($')%&3$:(3B*$1(0%:1&(2")5(,$4"$%&(3)(6&:1"'/(
$6$17*%G%2(!&4*#&%:)')*(C$%=&1(dv/(;$#9&14U(]1G%$1)'(2*%()':*#)'(,$4"%($(0%3&13$:(.5JL(0%?>$3&U(\.:$($(
>".:("(41&?&$'5D(-&11(;*1%9$)#(.J$($6)3$:(2&(91$7)'(>1G%$1)')*/(:154G%2)JL(?*(6&(&'(.)9(,$4"$%&'&J3*.:&1%5U(
!"7*'&(2*%(>$75(*J$)(:5*$:(:"$1:&(&'&4$%:(3$6)'(?&>)')*(2&(4$15(;*1%9$)#/(0%(:*#6(3&(1"7*'&(2*%(.6$:&(*J$)(:5*$:(
3$6)'(:":($:G:(2&(&'&4$%:(>1G%$1)')*(+3B)':=&U(A$*(%&6'53):($(>".:(6&%:1)($'(2"*'&$/(3$1&($($,):(%&3$=)1*('$(
.')T95(?*(%)($(2&,&%*:(%*3*"2$:5(.$'$1*$:(6&1#$%&%:U
\(>".:()%(.>G1?*:(.3G19".U(!$1&"1*()%($33*2&%:(,*%&(.*%4)1U(F"$#%$(\#$%2$(@1*##/("(>&#&*&(2&(.&1,*3*)/(
.:5:&$(6&(6&1"%)'(2"*/(.61*T*%*%2)J?*(9519*$(&*(4&1#$%5(0%(3"$2$(#5:)1**(?*(0%:1&9G%2)J.&()%2&($)(2*.651):(3&*(
2"*(>)%37*"%$1*U(F)65(3&($(:1&3):(:1&%)'(2&(#$1>5/(61*,&$(6'*3:*.*:5(.61&(?*%&/(3G%2($(,5=):
:;<
|
3$6)'(?&>)')*(2&(4$15(;*1%9$)#(>G3G%2)J*(3)("3B*)'U(\(.3".()%(154&:((%&#7&.3((2&(41"$q5U(((((((/
P`&>)'(2&(4$15(?*J$(6*&12):(3$6)'_/()1'5(&$(?*(.&(1&6&=*(c_!9*1")'(:&'&41$>*.:)')*U(\3&.:$/(31&=G%2J"(9&$:5/(*J$(
:1$.(3G:&,$(6$'#&(6&.:&(>$75/(4&.:(6&%:1)(3$1&(LJ$(1$6"1:$:(#$*(:G1=*)/(0%(:":(3$=)'/(&$(&1$()%($%4$T$:(3*,*'(?*/(
0%(#"#&%:)'(1&.6&3:*,/(.&($>'$('$(2$:"1*&/(3&&$(3&(6):&$(>*(2&#"%.:1$:(61*%(61&=&%7$(#5:)1**(2*%(#G%$(&*U(F$1(
%)(.J$(:&1#*%$:(:":)'($*3*U(!$6"1:)'($(>".:(:1*#*.('$(f1*6"(?*()%(>)%37*"%$1(31&:*%($(.31*.(6&(2".$1(
P"#)3*2&1&_/(>**%235()%($':(3"%7"6*.:(:&#9&'(%":$.&(3)(31&*"%(1"?)h(P<$=)'(%1U(OMeeJNLJF&3$6*:$1&$(?&>)')*(
2&(4$15_U(CG%5('$()1#5/(2".$1)'($($T)%.(0%(9*1")'()%)*(2&:&3:*,(#$*(1&="%$9*'(3$1&($?:&6:$(6&%.*"%$1&$(?*(%)(
#$*(&1$(*%:&1&.$:(2&(,1&"($,$%.$1&(.$)(2&(1$B$:)1*(2J$.:&$U(Y":)?*/(6",&.:&$(%)(.J$(0%3B&*$:(%*3*($*3*U(0%(
$3&&$?*(%"$6:&/(!\][($(9"#9$12$:(;$#9&14)'U(;*%&0%7&'&.(35(*%:&%7*"%$)(.5(3*)1)*$.3G(A**%3B&%)'U(`*J$**(
2$:(.&$#$(2&_3B&.:**($.:$(#$*(:G1=*)/(3G%2()%)'(2*%:1&(&*($(>53):("($:&1*=$1&(>"17$:5(E%2*,*2)'(2&('$(f1*6"(3$1&(
$,&$(2&(."')7*"%$:(3$=)'($(>("J*('*3B*2$:(0%(:*#6)'(1$*2)')*($&1*$%/(0%(,1&#&(3&(.&(1&'$X$(D$(P@G.35(.:1G#95_U
<$=)'($(>".:(2$:($6"*()%)*g$':(f1*6"U(I%(:G%51(3)("(#*%:&(2Jh(>)%37*"%$1(4&1#$%($2&,51$:/(0?*(0%3&6&$(>*&3$1&(
3&13&:$1&(3)()%(B"B":(2&(1G.($:":?:*):"1/(&X6'*3G%2)J'&(#$1:"1*'"1(35(2&3'$1$7**'&(#*%3*%"$.&(%)(,"1(>$3&(
2&3G:(.5('&(0%41&)%&=&(.*:)$7*$/(2)65(3$1&/(0%(>*%$'/(:":(,"1(.6)%&($2&,51)'U(V
+J$('*%.(&>&3:*,(6&(9":(3G%2($(,5=):(.31*.h(PF&3$6*:$1&$(?&>)')*(2&(4$15_/(0%(.>G1?*:/(*$:5(3&($?:&6:$.&D(A$1&'&(
3$=(3$1&(*J$(1(:*(6):):($2)3&($,$%.$1&$(0%(>)%37*$(2&(*%.6&3:"1(!+-\[[U(`*J$(:1$.(9"1)'(65'51*&*(6&("3B*/($(
0#9153$:(B$*%$(2&(6*&'&(?*(.J$(6).(6&(:1&$95U
PA51:)1*.&?:&/($(#G1G*:(&'(35:1&(2"$#%$(\#$%2$(@1*##(>&#&*$(2&(.&1,*3*)U(H(.5(1&41&7*(2$35(#*%7*D_
\(>".:(*%:&1"4$:5(2&($:G:&$("1*/(0%3G:(0%(>*%$'($(')$:J"(1$=%$(?}($($T)%.(.5(31&$25(35(&$(0%.5?*(LJ$(0#6*%.(.)9(
:1&%(6&(?&>)'(2&(4$15U(\(.&#%$:(3G:&("(2&3'$1$7*&(0%(3&'&("6:('"3)1*(%&3&.$1&U(K)(#51:)1*.&$(0%.5(35(LJ$(
"#"1G:(6&(>1G%$1U
PK*3*((#53$1((%)((LJ$#((3)%".3):_/((.&(($651$((&$U
PK)(:1&9)*&(.5(3)%"?:*("$#&%**(3$(.5J*("#"1*/(*J$(&X6'*3$:(:G%51)'(f1*6"/(6&()%(:"%(61*&:&%".U(+"'2$7**(>$3(
3B&.:**(2*%($.:&$(0%(>*&3$1&(=*D_
T%")"V"
!\]((S(d3<-)!K$(!!13(*,!!e!!\,*$7*$(((!&4$'5((;1*:$%*35(T%")"V"![[(d,$*2..$*2,(2,$%2-'4/-0/!S(<$1:*&1)'(@&%&1$'($'(+*4)1$%7&*(
!&*3B)'*h
A($1(>*(:1&9)*:(.5(.6)%5(%*3*"2$:5($?$(3&,$U(Y"3#$*($:)%3*
1$(((:1&*(((*%?*/(((3)(((65'51**(((6&((("3B*/(((.5JL(((*%:&1"4B&=&(((6&
+ ++
g V 1$>*.:)'(451**(0%('&45:)15(3)($':(3$=U(]&#&*$(2&(.&1,*3*)('*(.J$
0.(35(:*6)'(2&('$(f1*6"(*J$(>53):(31*#*%$'*(6&(."'2$7**(4&1#$%*/(7(:5951G:(:"7*(:1&*(6&(:G%51)'(2&:&3:*,(?*($61"$6&(
35(LJ$)(.>G?*$:(i(9)357*U(F&($*3*($(0%3&6):("($':5(.&1*&(2&(%&%"1"3*1*U(Y&'&41$>*.:)'(0?*(7*%&$(#G%$(6&(
3"#):$:"1/(4$:$(.5("61&$.35
X"1&.)'(2&(c4&1(?*(.5(2&$(3$'&('*9&15(:1&%)')*(2&('$(A**%3B&%/(2$1(61&"3)651*'&(:*6*'"1(3)(65'51**(LJ$)(*1*:$:(?*(
$($,):("(.356$1&U(cX61&.)'(2&(c4&1(?*J$(3"%:*%)$:(#&1.)'(3)(,*:&=$(#$X*#5U(Y1&%)'(2&(A**%3B&%(%J$(')$:J"(
6&('*%*$(3$1&(:1&9)*$(?*(:&'&41$>*.:)'($J%3&6):(.5(=9*&1&U(\*$(3)(65'51**'&(&1$)($:G:(2&(61&"3)6$7*(.5J?*(
3":"%"4&$.35(3"'&4)'(3$1&(*%.)':$.&("%"$1&$(#$1&')*(."'2$:(4&1#$%/(0%3G:(%*3*(#53$1(%J$)(1&#$13$:()1'&:&'&U(
F&(>$6:/(&1$)("9*?%)*7*(3)($?$(3&,$U(KJ$)("9.&1,$:(%*3*(3G%2(:&'&41$>*.:)'($
4B*7*:(9$%2$(2&((:&'&41$>(3$((.5(0%'5:)1&(("1*3&(2",$25U
*%/
PH(.5(.&(0%:G#6'&(3B*$1($3)#D_($(61"1"3*:(&'/()*:G%2)J.&(6&(>&1&$.:15(3)(*%:&1&.U
cX61&.)'({NNdnoJO/(:1$.(2&(2")5('"3"#":*,&/(2*%:1&(3$1&()%$(#&14&$(*%,&1./(,&%&$(2)2)*%2(2*%(2&651:$1&U(
+&($61"6*$(2&(4$15(0%,5')*:(0%:1J)%(%"1(2&(>)#U(F*%(,$4"%)'(2&(6"?:5($)(=9)1$:(2")5(9$'":)1*(3)(PZ"'^*.3B&1(
;&"9$3B:&1_/(3&(3"%7*%&$)()':*#&'&(,&?:*(2&.61&(P0%:51*1&$(>1"%:)')*_(?*(P1&:1$4&1&$(.:1$:&4*35_U
Y&'&41$>*.:)'($(0%3B*.("3B**/($(35.3$:(4)1$/($?:&6:G%2(3*"3%*1&$(3&'"1(2")5(:1&%)1*(0%(6'*%5(,*:&=5U(E=9*:)1$(.J$(
61"2).('$(9"1%$(2")5=&3*(?*(2"*U
cX61&.)'(2&(c4&1(651&$(.5J?*(31"*$.35(21)#(61*%(1$6*2)'(2&(A**%3B&%(3)(%*?:&(.)%&:&(%&#$*$)=*:&/(0%(.:*'(
:*6*3(%&#7&.3/(:":)'($(2&,&%*:(&X:1&#(2&(3"#6'*3$:U
s*$(3)(65'51**'&($)()*:$:(3"#6'&:(6&%:1)(3&(,&%*.&15U(+J$)(>53):(1&6&2&(%&,5=)7*/(2$1(%)('&J$(>"'".*:('$(%*#*3U(
\)(>".:(2&.3"6&1*7*/(0%,*%)*7*(?*(&*(2&(61"2)3&1&$(V$33*2&%:)')*/(2$1(3)(6)7*%(%"1"3(%J$)(>".:($3)=$7*(2&(
.$9":$TU(\':>&'/(*J$1(>*(.6G%=)1$:(2&(2")5("1*U(\?$/(.J$)($'&.(3)(4G:)1*'&(')%4*:&(%)#$*("(2$:5U(Y&'&41$>*.:)'(%J$(
,1):(.5(>$35(3)%"?:*%75(#$*(0%2&$61"$6&(3)(T).:*7*$(4&1#$%5U(\(.51*:(0%($&1(3)(4$15(3)(:":/(>"'".*%2(
&X6'"=*9*')'(2&6"=*:$:($3"'"(6&%:1)($(2*.:1)4&(:":)'(0%$*%:&(2&(.".*1&$(*%$#*3)')*U(]&#&*$(2&(.&1,*3*)(41$2)'(
2"*($(>53):(?*(&$(0%($?$(>&'(0%3G:(.5(.3$6&(2&(#G%$('&4**U(+J$($.3)%.(0%:1J)%(2)'$6(0%(3$1&(:&'&41$>*.:)'(0?*(7*%&$(
#$1>$(2&(3"%:1$9$%25U(<G%2($(2*%$#*:$:(4$1$/($(=9)1$:(3)(:":(3)(2)'$6U
S(\157*(3*)2$:/(9$1#$%&U(F"$1(%)(7*J"(>*(15)W(0%:1&$95(C"1:$(.&1,*$9*'U(+$)(6"$:&(%J$*(>".:(0%(.:$1&(.5(#5(
)1#51&?:*(3)($:&%7*&W(F&(>$6:/(0%3&13$#(.5J7*(.6)%(35(61&$(#)':($'3""'(.:1*35U(`:*)()%(:*6(3$1&(7*%&$(J)%(9*1:U(
+&(%)#&$(H.^$1(+3B'&9&%(?*(&1$
3"6*'(45.*:U(8J$)(45.*:(6&(61$4)'()%&*()?*(2*%(+3B'&9&%.:1$..&(?*(LJ$)(9":&=$:(2)65(%)#&'&(.:15=**U(F&3*/(:$:5'(
$(>53):(1".:(2&()%(95*&7&'($2"1$9*'/(6&(3$1&(LJ$(31&.3):(3)($T):"1)'()%&*(:*%&1&(3B*%&="$*3&/(0%(>*&3$1&(.&$15(0*(
252&$(3"6*')')*()%(6$B$1(2&(;)##&1')%2&1(3$(.5($2"$1#5U(<G%2(6)?:*)'($(>53):(2"*($%*/(:*#6(0%(3$1&(%J$(
>".:(%*3*"2$:5(3)($2&,51$:(:1&$=/($(>)4*:(2&J$3$.5U(c*(9*%&/($(B"*%51*:(3&J$(B"*%51*:/(2)65(30*1&(.J$($?&=$:(6&(
:1":)$1)'(2&('G%45(Y*&14$1:&%/(&X$3:(0%(21&6:)'(3B*"?3)')*(2&(3G1%$7*U(KJ$(61*3&6):(%*#&%*(3)#($(6):):()%(
3"6*'(.5($T)%45($:G:(2&(2&6$1:&U(C1"9$9*'(6&%:1)(35($,&$(.G%4&(2&(3B*%&=(0%(,*%"U(.6)%&$)()%**U(H1*3)#/(
2)65(3G:&,$("1&/("$#&%**(LJ$)("9.&1,$:(?*U(9*%&0%7&'&./(.J$(*,*:(?*(3*%&,$(2&('$(+3B)6"U
P<&J*(3)(:*%&($*3*/(#*3)7)'&W_(LJ$(0%:1&9$:(3"6"*)'(3)()%(4'$.(61*&:&%"./(2$1(3$#(>$'.U
PC)J6)_/(($((15.6)%.((95*$:)'/((1&6&:G%2((1&6'*3$U
`*J%(("1*3&((3$=/(($.:$((&1$((:":((3&(((?:*$(((.5(=*35U
<"6"*)'((.J$((0%>*&19G%:$:U
PZ"19&?:&(4&1#$%$/((.$)(:&($1&.:&=D_
PC)J6)_/(>53&$(95*$:)'/(3$1&/(2)65($.:$/(9*%&0%7&'&.(35($(>("J)($1&.:$:U
8J$)(2).('$(\'&X/(LJ$)(T)2&3$:(?*/(0%(>*%$'/($($T)%.(0%:1J"(3&')'5U(+J$1(>*(6):):(0%:G#6'$(3B*$1(.5JL(?*()*:&(
$3"'"/(6&%:1)(35(%J$)($,):(3)#(.5J*(>$35(>*?5(2&(*%:1$1&U(Z5(2$7*(.&$#$(35(%)(6):&$)(.5(.31*&(%)#&'&(PC)J6)_(
6&()%(2"3)#&%:(*#6"1:$%:($'(6"'*7*&*(4&1#$%&U(F$1/(%&61*#*%2("9*?%)*:$(6"17*&(2&(;)##&1')%2&1/(6)?:*)'($(
0%3&6):(.5("1535*&U(+:$9.R$3B:#&*.:&1)'(+3B'$2&/()%($2&,51$:(%&$#7/($(2&.3B*.()?$(3&')'&*(?*(.J$(=4G*:(
0%2&')%4('$(&'U
PKJ$*(3*:*:(1&4)'$#&%:)'(0%3B*."1**W(c(*%:&1=*.(.5(3G%7*(?*(.5(,"19&?:*(3)(,"3&(:$1&D(+:1*3:(*%:&1=*.D_
<"6*')')*(%*3*(35J*(65.$U(c'(,"*$(;)##&1')%2&1U(\)(:1*#*.(2)65(6.*B*$:1)'(0%3B*."1**(?*(:1&$9$($(0%3&6):(.5(.&(
6)%5(0%(#*?3$1&UUU
S((<&(.J$(0%:G#6'$:/(3B&'%&1W(+&(6$1&(35(#$*($*(6)7*%(?*(:&(.)>"3*D(.6)%&(C"1:$(3"#65:*#*:"1/(')G%2)J?*(
.*%4)1()%(6$B$1(3)(9&1&U
S((K)/(%)(#$*(,1&$)(.5($)2(%*3*()%(3),G%:(0%(6').D(K*3*(2&.61&(6"'*7*&/(%*3*(2&.61&($':3&,$/(9G'9G*&(
9$1#$%)'/(6)%G%2)J?*(#G*%*'&('$()1&3B*U(K)(#$*(6":(.5(.)6"1:UUU(+*#:(3J"(*$)(1$=%$D
S((!$=%$(.$)(%&1$=%$/(&?:*($6:(6&%:1)(.&1,*3*)U(<"%:&$=5(6&(3B&.:*$($.:$/(:*35'".(%&%"1"3*:D(61"3'$#5(
">*7&1)'(#&2*3(3)(,"3&(:$1&U
C&.:&(6)7*%(:*#6(0'(0%:1&$95(6&(61&":)'(1&4*#&%:)')*(2$35(,1&$(.5($*95(2&J$(>$3&(3)(&'U
S((F"#%)'&/((&?:*(9&$:/((.6)%&((61&":)'U
bb(c1"$1&D(Y)(&?:*(9&$:/(651*%:&U(F$1(%)J7*(>"'".&?:&('$(%*#*3U
3J(~7**(35(:":(&?:*($6:(6&%:1)(.&1,*3*)U(<$15J:&(6&(>1"%:(.5(>**(i(%)?3$:D(\1(6):&$()%(3G*%&(.5($T)%45(0%(1$*W(
0%:1&$95(&'(2)65("($)=G(.3)1:5/(3)("(61*,*1&(3*)2$:5U
bb(<&1&1&$(:1&9)*&(>53):5('$(&6*.3"6)'(2*%(A**%.:&1U(Z$(>*(*,*:$(3)(.&1*"=*:$:&/(15.6)%2&(61&":)'U(Z$(9&%&>*3*$(
?*(2&(1&3"#$%251*'&(#&'&U(K)()*:$(2&(?:$#6*'&D
bb(8$(21$3)V/(%)(6":(.5(#$*(.)6"1:(:":(1$B$:)'(5.:$D(7*65(@1&4"1U(F&,*%&(&X$4&1$:(2&(=&'".h(C1*="%*&1*/(
&.3"1:5D(0%(>"1#$7*&/($2)%5:)15(2&(%&*.615,*7*D(C1*="%*&1**('$(#*T'"3D(F$35(2&.3B*2&(,1&)%)'(4)1$/(0*(.6$14(
>$7$D(F*.:1$37*$(.J$(:&1#*%$:D(+)%:&#(2*%(%")(."'2$7*D
0%(,1&#&(3&(6'&35#(2&('$(P]&3*"$1$(:1$%2$>*1*&_(3G%:G%2(>&1*3*7*/(3G7*,$(2*%:1&(%"*(.&(0#6*&2*35(6&(:1&6:&U(
C1&":)'(.&(3$7515(6&()%(.:G'6(?*(0%3&6&(.5('$:1&U(K&(.6)%&V35(&(')6U
S((I*:$7*J,5('$(#*%&(3)#(=9"1D()1'5(&'(:1*)#>5:"1/($:&1*=G%2(3)()%(6'&".3G*:((0%((#"3*1'5U
@1&4"1(%&("12"%5(.5(%&(0%3"'"%5#(6&%:1)(%)#515:"$1&/(0%.5(%&(.3B*#95#(#&1&)('"3)1*'&(?*(%)(1&)?&?:&(.5(
:1&$35(%)#&1&'&(0%(3$:$.:*>U
S((Y1&9)*&(.J"(*$)(#&1&)(2&('$(3$65:/(">:&$=5(&'(%&>&1*3*:U(K&(:":(0%#)'7*#((2&((6$135(($#((>*((*&6)1*U
S((8$.5J#5(6&(#*%&(.5(%)#51/(.&(">&15(C"1:$/(.&1,*$9*'U(F$1(%*3*(&'(%)(6"$:&(.5(6)%5(3*>1&'&(0%("12*%&U(+&(
2)3&(0%$6"*(0%(3G13*)#5(?*(*&.&(3)("(31&:5(2&(9*'*$12U(]*&3$1&("#(:1&9)*&(.5J?*(>$35()%(.&#%(3)(31&:$(6&(9":)'(
3*=#&*(.:G%4*(?*($6"*(.5(#&$145(0%$6"*(((('$((((P]&3*"$1$((((:1$%2$>*1*&_((((6&%:1)(((($(((%)((((0%3)13$(
%)#515:"$1&$U(C1&":)'(.:1*35(:"$:5(:1&$9$/(>**%235(>$3&(3G:&()%(.&#%(6&(($#G%2")5(3*=#&'&U
@1&4"1(.*#:&(35(6'&.%&?:&(2&(>)1*&(?*(0%3&6&(.5(.&(2&$(3)(3$6)'(2&(6&1&:&U
\6"*/(C"1:$($1&("($':5(*2&&U(+5(*(.&(">&1&(>*&351)*$(3G:&("(B$'95(6'*%5(3)(9&1&/(6&(3$1&(.J"(9&$(?*(.J"($?&=&(
4"$'5(0%(.6$:&'&(:&T4B&'&*D(F&(2$:$($.:$/(A*3)7)'(&(3&'(3$1&(3"#61"#*:&(:&%:$:*,$(%)#515:"1**/(')G%2)J?*(
3G:&,$(B$'9&(0%(6')./(0%(,1&#&(3&($'7**('&(.3)14(6&J$'&('"1(2&()':*#&'&(6*35:)1*U
@1&4"1(1&%)%75('$(0%3&13$1&$(2&($(#$*(7*%&(&,*2&%7$U(c(2*#*%&$75(2&J$(9*%&'&$(3G%2(#51?5')*#(6&(C"2)'(
+61&&(2*%(f1"%61*%=&%(I>&1(?*($)=*#(2*%(2&651:$1&("(>$%>$15(#*'*:$15U
S((I%(3G%:&3D("12"%5(61&":)'(1&4*#&%:)')*/(?*(0%3&6&(3)(,"3&(:$1&h
dL
f$))./!!+'!!0$*g$!!%3*2!!,$%0')!.*2*%!.3)$./!!+'!!%/$*2!!+,0!!!d-2%23=!&!*)$*!%!h%!!!+-%!!&(3..<%!!!f-($,.-/$)5!.')$*% !
::qw(('%.!!O$/0!!!h*/:*%!!!F-)"""\
S((\1$%T$7*J,5(((&3B*6$#&%:)'/(((0%21&6:$7*J,5(((35?:*'&D((("12"%h(%&1,".(((@1&4"1U(((C&%:1)(((%)#&'&(((')*(
F)#%&=&)/((.*152)*7*J,5(g($15:$7*(3G:(2&(3G:($(."'2$7*(4&1#$%*D(A*3)7)'&U(.$':5J7*(3$1$9*%$("(((3$1*(((2&(((6$135((($*(
>*((()%(((91$3"%*&1(((2&?&'$:U
S((<&(.&($)2&VUV(9"'9"1".&?:&((\'9&1:U(?*(()%(1G%T&:(2&#&%:(TU(:1&3&((6&.:&((('$:$((3$(((2&(_.#"$'5U(((Z*%&(((\2"'>W
S((A$*(((15)/((4&#&(((@1&4"1U(((Z*%&(((%")$((4$125U(((A51?5')*$(2*1&3:(((0%3"$3&(((?*(((3$#5(((P;$2&%R&*'&1_U(
#$1?)'(((])B1&1)')*U
S((RG,./!!h*!A3(+,)P!!$1)%35(((*%2*>&1&%:(((8&4*"%$1)'U
S(((C1"9$9*'(((35(((.5195:"1&.3(((3&,$/(((q*3&(((C"1:$U(((H(((1&:1$4&1&(,*3:"1*"$.5/((($61"$6&(((.*4)1D(
*
S((<&J$1(*V*(.5(%&($3*)*#('$(Pp$%2$1#)'(?3B*"6_(6G%5(3&(:1&*#*(61"6)%&(A*3)7)'(61$3:*3U(8h(6&J$*3*(6&()%2&,$U(
Y1&3&#(1&6&2&(6/('G%45(((6"6*351*$((($*$(((*2*"$:5(((?*(((*%:15#(((*#&2*$:((('$(((Pp$%2$1#V
S((C1&$((('G1q*)U(2&3'$15(((C"1:$U((<&1)D((.&((,$((6159)?*($U.)61T(%"$.:15U
<k(('$%*$15((2&(((*%>$%:&1*&/((3"%2).5((2&((()%((:$#9)1J#$*"1U((0.h(>$3&($6$1*7*$J(:1*)#>$'((2&(2)65(3"'7U((Y"$:5(.:1$2$(
&(*%,$2$:5/*
S((Y1&3*('$($:$3/(>*)'&/(.)4&(1&$q5(C"1:$U(Y)(&w:*(3"#$%2$%7**DD()%&*((((&.3"1:&((((#*B:$*&((((3$1&((((2)3&((((61*="%*&1*(
*%((('$%7)1*/(((('(*1(3"%>"1#*:$:&(3)(((!&4)'$#&%:)'((\1#$:&*/($*(3$'&('*9&15(0%$*%:&l('5):$1*'"1((5.:"1$U(((]$%>$1$((&(
3&$((3$1&((:1&9)*&(.5(>$35('"3D((Y*h_(:1&9)*&(.5("61&?:*(2"$1(3G%2(&(,"19$(2&()%*:57*(41&'&(#":"1*=$)
S((;*%&/(((9*%&U((2$1(((>$%>$1$((3G%:5(((UU;$2&%R&*'&1_U(((*%:&1,*%&(-&*2&U(<B*$1(?*()%*:57*'&(41&'&(#":"1*=$:&(:1&9)*&(
.5(.&("61&$.35/V
U+31*&(:"$1:&(3'$1(0%((!&4)'$#&%:)'((\1#$:&*/(0%(6$1:&$(2&.:*%$*h_h(>$%>$1&'"1(((#*'*:$1&U
S(((+>G%:5(((]&3*"$15/(((3&(((.5(((>$3W((4&#&(((@1&4"1(((2*.6&1$:U
S((+5(3G?:*4*(:*#6/(0'(.>5:)*&?:&(C"1:$U(H12"%5(3$(61*="%*&1*h(?*(&.3"1:$(.J"(*$(0%$6"*(6&(C"2)'(+61&&U(\.:>&'/(%J"(.5(
6"7*(Eh($3)=$:(35(%J$*(1&.6&3:$:(:1$.&)'U(`*(%*3*(5?:*$(2*%(>$%>$15(%J"(.5(6"$:5(((.6)%&(((35((('&J$*(((*&?*:(((0%(((3$'&D
S((M'!!-.!!('$.3%\"!!!*%:&1,*%&(((8&4*"%$1)'U
S((F$1(%)(6):&#(.5(#51?5')*#(0%$6"*("(,&?%*3*&D(.&(0%>)1*VJ@1&4"1/(((61*,*%2)JL(((>)1*".(((6&(((C"1:$U
iii!A)/(((.*4)1((35(((%)/((&X6'*35(((C"1:$(((3$'#U(((E#&2*$:(((3&(((,"1(#*%$(#$1?)'(')*(\2"'>/("(.5(6"7*(:1&3&(61*#)'/(
0#61&)%5(3)(V&1"1:$U((Y&((2)3*(((0%$*%:&((3$J%((91G%=5((?*/(2$35($31*:)1$($*$(2&(g)1J#$T"1(%)(.&(25(0%('5:)1*(*#&2*$:/("(
.J"(*$(6&(3"$T5U(C"$:&("(((.5J%,&7&(((.5(((1&.6&3:&(((21&6:)1*'&(((&.3"1:&'"1(((2*%(((A$1&$
\1#$:5((@&1#$%5(($>'$:&(('$((2$:"1*&U
;1).3J/(6$1&(35()%(,G1:&T(65:1)%2&(0%(#*T'"3)'(>$%>$1&*U(F")5(%*.*3*(:&1"1*=$:&(*&.(=9)1G%2(6&("()?5/(3)(:1&*(9)'2"4*(
6&()1#&'&(>"1(I%$(2*%:1&(&'U&(.&($1)%35(0%(.6*%$1&$(4"1%*.:)')*/(3$1&(.&(0#6*&2*35(2&(61"61**'&(6*3*"$1&(?*(.3$65(
*%.:1)#&%:)'(2*%(#G*%*U
F")5(4"$1%&(2&(1&4*#&%:(.&(615,5'&.3(6&.:&(:)95/(3G%2(3&$'$':5(6*.*35("(=9)4B&?:&(61*%:1&(6*3*"$1&'&(
#)=*3$%7*'"1/(,G%$:5(2&(3&*(:1&*(3G*%*U(\%*#$'&'&(7G?%&.3($>$15(?*(.&($#&.:&35(*$1(61*%:1&(6*3*"$1&'&("$#&%*'"1/(
61","3G%2("(6$%*35(2&(%&0%3B*6)*:U
<)(:":)'(*%&X6'*3$9*'/(">*7&1)'(#&2*3(>$3&(1".:(2&("(9$4B&:5(?*(0%3&6&(.5J*(2*1*T&=&(6&(:"9"?$1**(?*(>'$):*?:**(3$1&(#$*(
.)%:(0%35(0%(6*3*"$1&U(\3&?:*$(0'()1#&$=5($):"#$:/(?*(*#&2*$:(*=9)3%&.3(61*#&'&(#5.)1*(2*%(*%:&1=*.)'(P+$').(
<$&.$1*(J%".:1"(@)*''&1#"_U(Y$#9)1)'J#$T"1(.&(2&=#&:*3&?:&(?*/(?"3$:/("61&?:&(#$1?)'(*%:&1=*.U
H>*7&1)'(#&2*3(.&(1&6&2&('$(&'(3)(9$4B&:$(2*1*T"1)')*/(*$1(:$#9)1)'(.&($6515(3)(#G%&1)'(2&($14*%:($'(9$.:"%)')*(.5)U(
i(S(@1&4"1/(&?:*(3"#$%2$%:(2&(&.3"1:5(?*(:1&9)*&(.5(6)*(3$65:(:515?&%*&*(5.:&*$D(.6)%&(C"1:$U(C1*="%*&1**(.)%:(.)9(
6$=$(:$U(A5(:&#(35(&?:*("9'*4$:(.5JL($1&.:&=*(6&(:$#9)1(6&%:1)(35(7*J$('",*:V)%(61*="%*&1U
S((K)(6":/(%)(6":/(#*J$T)#T&D(6'G%4&(@1&4"1(2*.6&1$:U(A$*(9*%&((%)(((#5((#$*(((%5?:&$#U
S((F$1(((:":)?*(((%&%"1"3*1&$(((.J$(((61"2)./(((2&3'$15(((C"1:$(0%4G%2)1$:U(((-$*((.J"(?:&14&#(2&J$*3*((6G%5(%J$6)35(
5?:*$((.5(.&(2&=#&::&&$.35U
S((C1*="%*&1*/(((&.3"1:5/(((0%$*%:&(((#$1?D(((153%&?:&(((@1&4"1/((3)(:"%)'(((2*.6&1$:((($'((()%)*(((3"%2$#%$:((('$(
#"$1:&U
S((p".(3)(&*D(.:1*45(61&":)'(1&4*#&%:)')*/(%56).:*%2)J.&(.61&(41)6)'((15#$.(((0%((6*3*"$1&U
0%.65*#G%:$7*/(."'2$7**((2*%((%")$(4$125(.&(2$)('$("(6$1:&U
K&(%56).:*#(3$()%(,$'(#G%*".(0%(:*#6)'(>')X)')*U(F)65(3&J"(3":*#(6&(8&B1:&1.:1$..&/(3B*$1('G%45(:&1&%)'(2&(
>":9$'/(A*3)7)'(153%&?:&(>*"1".(?*(.&(.:1G#95(3$(?*(3)#(0'(.:56G%&?:&("(2)1&1&(3)#6'*:5U(+&($1)%35(6&($.>$':)'(
0%=56&=*:(.*()1'5(3$()%(%&9)%U
S((C&%:1)(%)#&'&(F"#%)')*/(3&(.J$(#$*(0%:G#6'$:W(0%:1&$95(@1&4"1(3)("(61*,*1&(.5'9$:*35(?*(3)(41"$=$(0%:*651*:5(
6&(3B*6U
S((`:*)(?#&3B&1*$($.:$D(#G1G*&(3)(15):$:&(">*7&1)'(#&2*3U(K)(13$*(.*#)'$/(("#)'&D(((c?:*(($6:((6&%:1)((.&1,*3*)D
=/
S((<5:)?&'&(#&'&/(35:)?&'&(#&'&D(7*65(A*3)7)'(4B&#)*%2)(+jh
S((<5:)?&'&((:$'&W((0%:1&$95((C"1:$((61".:&?:&U
S((<5:)?&'&(#&'&/(35:)?&'&(#&'&/(0#*(1&:&$=5(9"$?&'&D(4&#&(&*(.>G?*&:"1/(((=,G13"'*%2)J.&((6&((3*#&%:)'(()2U
<G%2(0*(.3"$:&#(6$%:$'"%**/(#*.:&1)'(.&(3'$1*>*35/(0?*(2)3&.(35:)?&'&($?$(3)#(,5=).&(&'(35(>53&$)(6"'*7*?:**(
$#&1*3$%*(0%(>*'#W(]515(.5J?*(2&$(.&$#$/(0*($')%&3$.&15(0%5)%:1)'(6$%:$'"%*'"1/()%2&(.J$)(0%3B*.(91).3/(
$6)3G%2)J*(9"$?&'&U(m9$:&1*'&(')*('&J$)(0%:51*:(?*(#$*(#)':(.:1G%."$1&$U(Y1&3&(3&,$(:*#6(6G%5(3G%2(C"1:$(
1&)?&?:&(.5J*(45.&$.35(3B&*$(?*(.5JL(&'*9&1&=&/($.:>&'(0%3G:(&.3"1:$(.5J?*(6"$:5(3"%:*%)$(21)#)'U
S((C30$%'.!!<3A$.*'0P!.&(($21&.&$=5((61&":)'()%)*(41)6(2&("$#&%*(=41*9)'*7*(2*%:1J"(.:$7*&(2&(:1$#,$*U(
A*$)%5(3$("(6*.*35(?*J*(3&1&(">*7&1)')*(#&2*3(.5JL(3$.:1&=&/(6&%:1)($(%)(352&$(3)#,$(0%((653$:((2$35(,$(
0%:G'%*(("((>&#&*&(()?"$15U
+$1&(6&("(9$%35(?*(0%3&6&(.5(=9*&1&(.61&(:&1&%)'(2&(>":9$'
S((Y"7*(#"17**/(*#&2*$:('$(1$6"1:('$(61&":)'(2*,*=*&*(6&%:1)()':*#$(0#651:5?$%*&(?*(6&%:1)(.:1"6*1&$(3)($65(
.>*%7*:5D(!)2&'&(:1&9)*&g(.5((.)6"1:&((3B&':)*&'*'&U
S((0'(0#6)?3(6&(%&%"1"3*:)'(5.:$/(.5(?:*7*D(>5452)*&?:&(@1&4"1(>&1#/((0#6*%4G%2)JL((6&((61&":((2&((6&((9$%35/
S((\#(((?*(>53):J"D((=*3&(((C"1:$/(($65.G%2(6&((."%&1*$((2&(('$(6"$1:$((0%3B*."1**(4$1%*="$%&*U
S((<&(:&J$($6)3$:/("#)'&W(Z1&*(.5(251G#*(:"$:5(0%3B*."$1&$(3)((=9G1%G*:)'((5.:$W(.&(("7515?:&((>)1*".(
Q$3B:>&'2R&9&')'U
S((-&11(]&'2R&9&'/(.5(:15*7*D(C&1#*:&7*(.5(1$6"1:&=/(2"#%)'&D(+)%:&#(6)7*%(3$#(4159*7*/(2"#%)'&D(.6)%&(
C"1:$(6"3%*%2)J?*(35'3G*&'&U(\#(0%:G1=*$:(2&.:)'(2&(#)':/(.5(:15*7*D(K*(.J$("12"%$:(.5((')5#(((61*="%*&1*(((%"*(
6&(((:":(((21)#)'(((61*%(((;&1'*%U(((I':*#)'(61*="%*&1(((%*((LJ$(2$:((3B*$1((+:$%2"1:^"##$%2$%:)'U
S((F$1(((2)B%*7*((3)((:"7**((#$*(((15)((3$(("((31G?#5/((#"1#5*&(Q$3B:>&'2R&9&')'U
S((H12*%&/(.5(:15*7*/(%)#$*("12*%&D(2&3'$15(C"1:$U(H1*)%2&($#($T)%./(%*(.J$("12"%$:(.5("3)65#(9&151**/(
9$1)1*/(B$%)1*/("1*3&(.&(%*#&1&$U(<)%"$?:&#($:G:(2&(9*%&(!&4)'$#&%:)'(\1#$:&*(0%3G:(%)(6):&#(1*.3$(.5(%)(
&X&3):5#("12*%&'&/(*%2*>&1&%:(2$35(.)%:(:G#6*:&((.$)((%)U
S((K)(((6):&7*(((.5(((#5(((61".:*7*/(((*%:&1,*%&(((">*7&1)'(((#&2*3U(61*,*%2)JL(:5*".(6&(Q$3B:>&'2R&9&'U(AJ$#(
.5:)1$:(2&(.*#)'$31)'(,".:1)U(Y"7*(.)%:&7*($67*(6&%:1)(.&1,*3*)/($9."'):(:"7*D(<51$7*J,5(6&((>1"%:((3$((.5((6):&7*(
>*((0#6)?3$7*D
S((F$V(((3B*$1(((35(((7*%&7*(((3)1$:(((6&J$*3*D((($61&3*$=5_((C"1:$/()*:G%2)J.&('$(2"*(61*="%*&1*(3$1&(.:$)(0%(
4&%)%3B*(?*(').:1)*&.3(6"2&'&'&U(<B&.:**'&($.:&$J*(6'$3()%)*(."'2$:U(K)(,&=*(61&$(2&.()%
4($:G:(2&(9*%&(').:1)*:U(+')4*'&(:$'&(>"'".&.3(,$X("9*?%)*:/(.$)(V'*%(2&6"=*:&'&(2&(61",*=**($'&(0%3B*."1**(
#*'*:$1&W
bb(F)65(3&(9$:(+,!:1&*("1*(0%()?5(.*J"(2&.3B*2/(?"6:&?:&
Q$3B:>&'2R&9&')'/(%)(*%:1$7*(#51?5')*%2/(3*(=9)1$7*(6)1(?*(.*#6')(_%G)%:1)/(?*(%)(3$1&(3)#,$(.5()*:$7*(.5(,5(
7*%&7*(2&4&:&'&(2&('$(6*3*"$1&(0%(.6$:&'&(2)%4**($'9&(2&(6&(6"2&$U(F$35(%J"(.5(>$3&7*($?$(-$)6:>&'2R&9&')'("(
.5(,5(.:1*,&$.35(3$(6&(%*?:&(,*&1#*(?*J"(.J$TV)%4&7*(.5(,5(#G%3$7*(61"61***(B&#"1"*=*U
S((`:*#/(-&11(]&'2R&9&'/(.5(:15*7*D(.:1*45(C"1:$(.*4)1(6&(&'U(K"*($#((#$*(((>".:(($*3*U(((\?$2$1/((2&.3B*2&7*(
6"17*'&((*$2)')*D
I?$(=9"$15(0%('5:)1*/(&.3"1:$(65:1)%2&(="1%5*%2(0%(0%356&1&(?T(.&($'*%*$=5(0%(.6$:&'&('*%*&*($'9&U
@1&4"1(25(1$6"1:)'(3)($?$("(,*:&=5(0%3G:(:1$%.>"1#5(0%:1&4(2*.3)1.)'(0%:1J)%(3),G%:(*%:&1#*%$9*'U
<B*6)'(-$)6:>&'2R&9&')')*($?&=$:('$(9*1")(2&4$T5("(15):$:&(9&.:*$'5/(3$1&(LJ$1(0%41"=*(3B*$1(?*(6&()%(&1")(2&(
15=9"*U
0%(:*#6(3&(%&(#5."$15()%)'(3G:&()%)'/("3B**(0%41"6$7*(0%(".G%=5(0*(')3&.3(#*?&'&?:&U
0?*(:1&3&("(#G%5(651"$.5/(3$(2&(#$*#)75/(6&.:&(7&$.:$(3"#6'&:(3B&$'5(?*(15#G%&(3)(61*,*1&$(6*1"%*:5($.)61$(
A*3)7)')*/(3$(?*(3)#(%)(?*J$1(31&2&("3B*'"1U
S((C&%:1)(%)#&'&(')*(F)#%&=&)/(3)#(2&J$*(>".:(1&31):$:(3)(>$7$(($.:$(($:G:((2&((6"3*:5W((0%:1&$95((&'/(
#"1#5*%2U
S((6&1#*:&7*(.5(1$6"1:&=/(-&11(-$)6:>&'2R&9&'/(.5(:15*7*D(1$4&(A*3)7)'/(61*,*%2(7*%:5()%(6"1:1&:($'(')*(-*:'&1/(
.)%:(#&#91)($'(>$#*'*&g(]1$%^&%.:&*%/((.5((:15*7*D
S((07*((((9$7*(((T"3((((2&((((#*%&W((((.&((((=9G1'&?:&(((($#&%*%75:"1(-$)6:>&'2R&9&')'/(1*2T3G%2)J.&(6&(T)#5:$:&(
2&(6&(.3$)%U(]515(.5(#$*(($?:&6:&((,1&)%((15.6)%./((()1'5h
S((C1*="%*&1*/((.:G%4$J#61&T)1D(((C$.((($'&145:"1D(;*%&0%7&'&./(61&":)'(1&4*#&%:)')*(.&(0#6*&2*35(2&(
61"61**'&J*
6*3*"$1&/(0%:*%.(6&(6"2&$/(.61*T*%*%2)J.&(0%:1J)%(3":/(3)(9519*$(0%(6$'#5((3$(()%(((0%4&1$?/((0%3&6&((.5((3G%:&(
)%((6.$'#h
I)!!<$%,!!8%=30,/-$5!!!3A3.$/!!;$!.)-A!8043<7(-/!!+,!!8%+3$,)$"!N'!=$!!0@%$3."""
S(H#)'(((5.:$(((&(((9&$:(((31*75/(((3"%.:$:5(((-$)6:>&'2R&9&')'U(1*2*3G%2)J.&(((3"#6'&:(((2&(((6&(((.3$)%U(((<&(
0%.&$#%5(($.:$W
S(((C&1#*:&7*(.5(1$6"1:&=/(2"#%)'&/(.&(1&6&2&(C"1:$/(6"3%*%2(2&(:1&*("1*(2*%(35'3G*&U(+5(,5(.6)%(3)#($(>".:/(
2"#%)'&/(3)#($(lVT)%.(61&":)'($*3*D(K"*(%)JL(,5=).&#(%*3*"2$:5(0%$*%:&/(2"#%)'&/(6$%5(0%(3'*6$(0%(3$1&($(
$651)*(2*%(0%:)%&1*3(.*(%&J$("12"%$:(.5(*%:15#('$(P]&3*"$1$(:1$%2$>*1*&_/()%2&($,&$(2$:"1**(6&%:1)(3&&$
*+
3&((((3"%.)#$.&(((($3"'"/((((.5((((:15*7*D((((\6"*(((($((((.".*J+:$%2"1:^"##$%2$%:)'(6&()%(1"*9(?*(%&J$("12"%$:(
.5JL($1&.:lh(6&(61&":(?*(.5JL(')5#(3)(%"*/(2"#%)'&U(C&1#*:&7*(.5(1$6"1:&=U(((/(#$*(0%:G#6'$:("2$:5(3&,$(
$.&#5%5:"1/(.5(:15*7*/(3)("(&.3"1:5(2)3&$(%*?:&(61*="%*&1*(.61&(0%3B*."$1&$(@$11*."%(2*%(A**%3BÄ(H6"!\3&?:*(
%&>&1*3*7*(#51?5')*$)(6&(8&"6"'2.:1$..&(3G%2('&J$($65(0%(>$75()%(3$'(%&41)(3$1&J'(6)1:$(6&(4&%&1$')'(2&(
*%>$%:&1*&(!**(,"%(8&&9U(C&(3&$'$':5(6$1:&($(.:15=**/(&1$(H9&1,&:&1*%51)'(F"^(+3B"9&1:/(((3$1&((((3G%:$(
3G%:&3&(((6"13"$.&/(((2"#%)(@&%&1$')'J3"#$%2$%:('&J$("12"%$:(.GJL(*$(3)(&*(?*(6&('5):$1)'(U,&:&1*%$1U(\.:$(
$#(>53):(?*(%"*/(2"#%)'&/(6&%:1)(35()%("12l()%("12*%/($?$(3)#()%(?%$6.(&()%(?%$6./(.5(:15*7*D(F$1(3G%2(*%:1$:(
6&(8&"6"'2.:1$..&/($($651):()%($':(3$'/()%)'(1"?)/(3)(?/(2&(.:$:J#$T"1($'(<"16)')*(n(\1#$:5/(H9&1.:)'(,"%(
Q*::.'&9&%(?$U(<$')'(5.:$(&1$(3)($2&,51$:($).:1*$3l(.')T*.&(0%(!&4*#&%:)'(O(-).$1*/(((2$1(((2&(((3G%2(((\).:1*$(
$(((1&,&%*:((('$(((A$1&'&(((E#6&1*)(@&1#$%/(.5(:15*7*/(.J$(1&0%:"1.(?*(1&4*#&%:)'(0%(\1#$:$(4&1#$%5U(`&>)'(2&(
.:$:J#$T"1(0%B57$.&(2"*(@&>1&*:&1*(2*%(!&4*#&%:)'(N{(E%>$%:&1*&/(2"#%)'&/(6&(3$1&(*J$(.)161*%.(0%:1J"(
3"%,&1.$7*&(2&(0%$':5((:152$1&U((`*(&*(($)((>".:(61&2$7*((.51#$%&*(((&.3"1:&UUU
-$)6:>&'2R&9&')'(.31G?%&?:&(2*%(2*%7*($:G:J2&(:$1&(0%3G:(&("z(#$1&(#*%)%&(35(%)J?*(.31G%:&?:&(>5'3*'&U(H3B**(
0%3&6(.5(*(.&(#*?:&D(.5'9$:*3(0%("19*:&U000000000000000000000000000000000000000000000000000000000000000000000c
S((C&1#*:&7*((.5((1$6"1:&=(#$*((2&6$1:&/((2"#%)'&/((3"%:*%)5D(C"1:$/($61"$6&(>515(.)>')/(6&%:1)($3&$.:5(
&.3"1:5(%&3$=)1*'&(%)(*U(.&((.>G1?*.&15((0%35/(.5(:15*7*D(((Y"3#$*(((#51?5')*$)((&'&4$%:(61*%l(A51*$(YB&1&.*&%(
C'$:=/(3G%2(.J$)(*,*:(2"*(."'2$7*($'&14G%2/(2&/(6$135('&J$1(>1(6G1'*:("(>'$3515(>)%2)1*'&/(2"#%)'&U(+J$($)=*:()%l(
=4"#":(61&')%4(2*%.61&(P;1):$1)'(2&(\)1_/()%2&()%(8&):%$%:(7"65*$(0%(T)1)'()?**(9$:$%:&(3$(?*(3)#($1(>*(
61*#*:()%(?):(0%(>)%2U(.5(:15*7*D(c*(9*%&/(:":)'(0%3&6).&(2&('$(+:$9.=$B'#&*.:&1)'(m"1%UUU
-$)6:>&'2R&9&')'(*%.6*15($2G%3(2&(2")5J:1&*("1*/($6"*(0%3&6&(.5(1$45U(<),*%:&'&(0*(7G?%&.3(2&(6&(9)=&($:G:(2&(
1&6&2&/(0%3G:(&(*#6".*9*'(.5(0%7&'&4&#(3&(.6)%&U(E%:1J)%(:G1=*)/(3G%2(0?*(1&3$65:5(.:56G%*1&$(2&(.*%&/(.&(
6159)?&?:&(0%$6"*(0%(.3$)%)'(3$1&(.3G17G*&(0%(.&#%(2&(61":&.:U
S((Y)/(:5)("2$:5D(0*($1)%35(&'(')*(C"1:$U(A5($2)3*(0%(61$4)*(%&9)%*&*U(+6"1",G*&?:*(#$*(15)(3$()%(.:"'(2&(
65.51*U(K*3*(#53$1(%)(#$*(6":(.5J#*()1#51&.3(4G%2)1*'&U(C&(:"7*(21$3**/(3&J$1&(2&J$(>$3&(((3)(((#*%&((&.3"1:$(
,"$.:15((2*%((<"16)'((n((\1#$:5W((\3)#(.)%:&#((('$(((;&1'*%U(((K)(((#5(((*%:&1&.&$=5(((3&(((.J$(((0%:G#6'$:((('$(
A**%3B&%U(A5(3$3(6&(A**%3B&%(?*(6&(<"16)'(n(?*J7*("12"%(?*(7*&($3&'$?*((')31)D
do
bb(0#*(6$1&(15)/(.5(:15*7*D(KJ$#(%*3*()%(1$B$:(2*.6"%*9*'(0%("1%&%:)'(2&(>$75/((2"#%)'&/((=G#9&?:&((C"1:$(
$#*3$'U
{L
(bb(Y&J$(:1*#*.((3)#,$(($*3*(3B*$1(2*$,"')'(0%(6&1."$%5W(.&
5.:&?:&(((-$)6:>&'2R&9&')'/(((.6)#&4G%2U(((C"$:&(((35(((:"3#$*(((:)/(2"#%)'&(H9&14&>1&*:&1/($*(>".:($:)%3*(
61*="%*&1('$(A**%3B&%/(%)W
bb(+5(:15*7*/(3B*$1(35(%)/(2"#%)'&D(KJ$#($,):(2&J$(>$3&(3)
&.3"1:$(1&.6&3:*,5U(KJ$#(>".:(%*3*(0%(4$125(?*(%*3*(61*="%*&1(%J$#(>".:U(\#($)=*:(61*#$(2$:5(2&(3B&.:*$($.:$(
3G%2()%(]&'2R&9&'($(,&%*I.5(.&(.6",&2&$.35('$(Q&B1^1&*.JC>$11&1(Q&*%>)..U(C&J$:)%3*(&)(&1$#($T):"1)'(
61&":)')*(2&J$3"'"U(\.:$(.&J%:G#6'$(3)(F*,*=*$($(nJ$/(2*%(A**%3B&%/(.5(:15*7*D(<5(,&%*(,"19$/($3"'"UUU
-$)6:>&'2R&9&')'(*=9&?:&(3)(6)#%**(0%(#$.5($:G:(2&(:$1&(0%3G:(BG1:**'&/(.:*'")1*'&(?*(:":(1&.:)'(%&(=9"$15(6&(
'G%45()1&3B*U
S((F$35(#$*(.3"7*("(,"195/(:&(.:1G%4(2&(4G:/($#&%*%75(&'(3)()%(4'$.(154)?*:U(F)65("(.3)1:5(6$)=5/(0%:1&$95(
:1*.:h(F&(3&J#*(6",&.:&?:*((:"$:&(($.:&$W
S((c*(((9*%&/(((.5(((:15*7*/(((3$(((.5(((6"$:5(((0%7&'&4&(((2"#%)'(-$)6:>&'2R&9&'(2&(3&(LJ$#($2).(3)(%"*(6&(
61&":)'(1&4*#&%:)')*U
S((F"3)#&%:&'&(((61*="%*&1*'"1D(((*%:&1,*%&(((-$)6:>&'2R&9&')'/(:1*#*7G%2)J*((')*((C"1:$("((61*,*1&(
)3*45:"$1&U
C$'*2(?*((:53):/((@1&4"1(0*((0%#G%&$=5(3G:&,$($3:&U
<&*(6$:1)(61*="%*&1*(P1&4)'$#&%:$1*_(2*.6$1(0%($2G%3)1*'&(0%3B*."1**(4$1%*="$%&*U(I%(:*#6/('*%*?:&$(2"#%&?:&(
0%(9*1")/(0'(61*,*#(6&(-$)6:>&'2R&9&'/(>$*#".)'(c#*'(\>)1*.*:)'/(*$1(&'(.&()*:5(')%4('$(%"*U(c3B*6$#&%:)'(2*%(
6*&'&(.3G17G*&U(C$:)1*'&(6)?:*'"1(.&(>1&$35(2&(6"2&$U(H(#).35(.&(*%.:$'&$=5(6&(#$6$(2&(6&(9*1")(?*J?*(3)1575(
$1*6*'&U(Y"$:5(')#&$(.&(=4G*&?:&('$(#).35U
C"1:$(2&.3B*2&(4)1$(2&(6$135($1(,1&$(.5(.6)%5(3&,$/(2$1(1&%)%75U
]$7$(%&$415($(')*(\'9&1:/(1":)%25(3$("(#*%4&(2&(>":9$'/(.&(')#*%&$=5(2&()%(=G#9&:('$14U
S((8$(3&(21$3)V(1G%T&?:*/("#)'&W(:)%5(c#*'(\>)1*.*:)'U(K)J*($?$(35(:&(31&=*(*$1(0%(\>1*3$/(4$:$(.5(B$'&?:*(
3G7*,$(#*.*"%$1*($#51G7*W(0%3B*2&J7*(9":)'D(0%(@&1#$%*$(.&(1G2&(%)#$*('$("12*%U(\*(61*3&6):W(+6)%&J#*/(3)#(
21$3)V($*($T)%.(.5(6"17*()%*>"1#$(A$1**(@&1#$%**W(F*%(3G:&(?:*)(&)/(]**B1&1)'($(.6).(35(:"7*(%&41**(.)%:((%*?:&(
I%:&1#&%.3B&%/((&X$3:((3$((?*(T*2$%**U
\'9&1:(.&()*:5(1)45:"1('$(C"1:$/(3$1&J*(.$1&(*#&2*$:(0%($T):"1U
S((C&1#*:&7*(.5(1$6"1:&=/(2"#%)'&U(\'9&1:/(.5(:15*7*/(%)(&(3)($2&,51$:(%&41)/(2"#%)'&U(c(2"$1()%(%&41)($'(
!&*3B)')*U(Y$:5'(V)*($(>".:(Q$3B:#&*.:&1('$(-).$1*U(C":(.5(,5(&X6'*3(:":)'U(c("(C",&.:&((')%45UUU
S((H61&?:&J:&D(((]515(&X6'*3$7**D(()1'5((c#*'(((\>)1*.*:)'/((3)("(61*,*1&(((:&1"1*=$:5U(((Z1&$)(((?*((($3:&'&(
3&'"1'$'7*(((61*="%*&1*U(((-$*/("1%)'&/(.3"$:&J'&("2$:5D(F"$1(%)J7*(0%3B*6)*(35(6"7*(.5($2)3*(6&
"1*3*%&($*3*U(K)/(&)(%)(61*#&.3($*3*(>515(2"3)#&%://(3"1&.6)%=5:"$1&(%*3*(#53$1(6&()%()3*4$?(3$1&(*J$(:5*$:(
9&1&4)ll/(61"61*)')*(.5)(4&%&1$'U
S((C&1#*:&7*(((.5(((1$6"1:&=/(((2"#%)'&/(((0'((($.*4)15(((C"1:$(2"3)#&%:&'&(.)%:(6&(21)#U(Z"1(,&%*(2&($=*(
0%3"'"(61*%/6"?:5/(wil(:15*7*D(C&1#*:&7*(.5(1$6"1:&=UUU(3G%2(%&J$#(0%:G'%*:(3)(3$')'(1"*B(_!3)(
+:$%2"1:^"##$%2$%:)'/((2"#%)'&/(((H9&1.:)'UUU
S((K)(,1&$)(.5(#$*($)2(%*#*3/(%*3*(2&.61&(3$*/(%*3*(2&.61&(,1&)%((H9&1U.:D(AJ$*(0%7&'&./(H9&14&>1&*:&1W(
0%3&:&$=5(.5J#*(#$*(3&1*(6&1#*.*)%&$D(0%3&:&$=5(.5(#$*(1$6"1:&=*D(A5(.3"7*(2*%(#*%7*D(F"3)#&%:&'&D(
F"3)#&%:&'&D
S((C&1#*:&7*(.5(1$6"1:&=/(2"#%)'&/(:"3#$*(0%('&45:)15(3)(&'&(,"*$#((.5((,5(.6)%UUU
S((K)/((((%)/(((%)D(((.).6*%5(((c#*'((((\>)1*.*:)'/(((615,5'*%2)J.:(2*.6&1$:((6&.:&((9*1")U
S((<&,$(((2&(((95):/(((.5(((:15*7*/(((=G#9&?:&(((C"1:$(((61*&:&%".U(0%:*%=G%2)J*(((-$)6:>&'2R&9&')')*((()%(((6$B$1(
3)((($65U(((c#*'(\>)1*.*:)'(0'(0%?>$35(&X$3:(3$()%("#(3$1&(.&(0%&$35(?*(.&($4$75(2&J"(.3G%2)1$_/((0%4B*:&($6$/(
.3"7G%2(%*?:&(=4"#":&(2&(T"$451U(F&.3B*2&(.&1:$1)'(9*1")')*(?*(.3"$:&()%(6*.:"'(#*'*:$1(6&(3$1:JJ'(6)%&(((0%(
>$7$((')*/((6&((9*1")U
S((H9&14&>1&*:&1/(((?:**((3&J*(((5.:$W
C"1:$((.&($6'&$35((0%$*%:&(((?*((3&13&:&$=5(3)((*%:&1&.(6*.:"')'U
S((C&1#*:&7*(.5(1$6"1:&=/(.5(:15*7*/(&.:&()%(Q$':B&1/(2"#%)'&/(#"2&D(de/(.5(:15*7*D(\#(?*(&)()%)'('$(>&'/(.5(
:15*7*D(+3"$:&(2&('$(3*%45:"$1&(6*.:"')'(9*%&()%.(?*JL($7*%:&?:&(.61&(c#*'(\>)1*.*:)'U(-$)6:>&'2R&9&')'(((0%3&6&(
.5((3'*6&$.35((%&1,".U
S((8$.5(&B&.:*$J$*$/(.&(9G'9G*&(&'/($651G%2)J.&(3)(#G*%*'&U(\1(6):&$((.5((.&(2&.3$13&D
S((C&1#*:&7*(((.5(((1$6"1:&=/(((:1&$9$((($.:$(((.J$(((#$*(((0%:G#6'$:/(2"#%)'&U(((\(((657*:J"((()%((((Q$3B:#&*.:&1(
2*%((((<$,$'&1*&((('$(0%3B*."$1&$(2&('$(C$2&9"1%U(E(.&(.6)%&$(C*:*3)'/(>**%235($?$(?*($15:$/(.5(:15*7*D(c*(9*%&/(
2"#%)'&/(*%2*,*2)'($(>".:(0#6)?3$:(2&()%(H9&14&>1&*:&1(2&(3$,$'&1*&(2*%(N(+3B**:=&1&4*#&%:/(2"#%)'&U(
H9&14&>1&*:&1)'(:"3#$*(0*($15:$(Q$3B:#&*.:&1)')*($1#$(.$({e/($?$(3)#((>$3&#((%"*(($3)#/((.5((:15*7*D
K*3*(3B*$1(">*7&1**(2*%(>"1#$7*)%*'&(p\@(%J$)(>".:(0%(.:$1&(.5J?*(2&$(.&$#$(3)#(.J$(2&.3513$:(6*.:"')'/(2$1(
3)#,$(.J$(0%:G#6'$:/(*$1(Q$3B:#&*.:&1)'(2&(3$,$'&1*&($(#)1*:(3$()%(3G*%&/(2"#%)'&U(C&(2*.:$%7&(#*3*/(.5(
:15*7*/(6*.:"')'({e(.$65("(4$)15($2G%35(0%:1J)%("#U(2"#%)'&/($?$(3)#(6"$:&(.5(>$35(?*()%(CJdeU(2$35(0%7&'&4&7*(
3&(,1&$)(.5(.6)%U(\?(6):&$(.5(,5(2&#"%.:1&=/(.5(:15*7*/(2$35UUU
S(F5(((6*.:"')'((('$(("((6$1:&/(((7*65(((c#*'(((\>)1*.*:)'((2*.6&1$:U(Z1&$)(.5(:&1#*%5#("2$:5(3)(3$=)'(5.:$/(>515(
.5(#$*($#&.:&35#
JÅUU
i(3"'"%&*(.$)(6*.:"$'&U(F&(3&(.&($>'5($*3*(61&":)'(?*(">*7&1)'(<$V2*3W(Y)(.5(:$3*/(H9&14&>1&*:&1/(0'($#&%*%75(&'(6&(
C"1:$U(K)(LLLo(.u(:&(#$*($)2(,"19*%2(%*3*"2$:5U(K*3*(3B*$1(2$35(%"*(2"*(<(,0!>T(.*%4)1**(.)61$,*&7)*:"1*('$(
.>G1?*:)'(15=9"*)')*D(\?(61&>&1$(,5(,"19&.3(.*%4)1U(!5.6)%2&(:)/(I%:&1">>*=*&1D(1$4&(&'(35:1&(@1&4"1U(F$1(
@1&4"1(&(6&(3$'&(.5(>$35("(31*=5(2&(%&1,*(?*(%)(&(0%(:$1&(.5($1:*3)'&=&(2&3G:(%*?:&(.)%&:&(3*)2$:&U
c#*'(\>)1*.*:)'(0%3&6&(.5(:1&#)1&U(+&(6"3%&?:&(2*.6&1$:(6&.:&(>1)%:&(3)($#9&'&(#G*%*U
S((E.).&/('".*>&/(A51*&(?*(+>G%:5(Y1&*#&D(E%(3&J$#(*%:1$:W(\#(0%%&9)%*:((.$)((:":)'((&((%)#$*(("((0%3B*6)*1&W
S((C&1#*:&7*(.5(1$6"1:&=/(.5(:15*7*/(:)%5(A*3)7)'(3)("(,"3&($2G%35(((2&(((9$.U((((C&1#*:&7*(((.5(((1$6"1:&=(((3)#(
%&J$((("12"%$:(+:$%2"1:^"##$%2$%:)'((2&(('$((A"$9*::q;&1'*%(.5JL($1&.:5#(6&(61&":)'(1&4*#&%:)')*/(
2"#%)'&/(?*(.5JL(')5#(3)(%"*/(>**%235($(,5=):((35((%&(((0%21&6:$#((.61&((6G1%$*&U(((+:$%2"1:^"##$%2$%:)'(
.6)%&$(35J*(,$(:&'&>"%$(3"#$%2$%:)')*(0%3B*."1**(?*(,$(2*.3):$(3)(&'((0%(('&45:)15((3)((61&":)'/((.5((:15*7*D
S((F$1(6&%:1)(3&(.5JL($1&.:&=W(.&(:G%4)*&((c#*'(\>)1*.*:)'U(Y1&9)*&(.5(?:*)(3)#(.5JL(0%1&4*.:1&=U(K)(6":(.5(
3"#6'&:&=("(>*?5(3)h(PC1*#*:('(61&":(2&(1&4*#&%:_U(\*3*(&(0%3B*."$1&(61).$35/(%)(9*1")((6&%:1)(((9$4$T&D
S((<)(((6&1#*.*)%&$(((2)#%&$,"$.:15/(((.5(((:15*7*/(((61&":)'(1&4*#&%:)')*(LJ$(*%.)':$:(6&(F)#%&=&)'(4&1#$%/(
#*%:&(%&65.5:"1(A*3)7)'/((3$1&(()1#51&?:&((6'*%((2&((*%:&1&.((3)#(((c#*'((\>)1*.*:)'(#G=45'&?:&((>&91*'(
>"1#)'$1&'&(2&((*%:1$1&(((0%((6)?351*&U
S((]"$1:&(9*%&/(#"1#5*&(.$:*.>53):(c#*'(\>)1*.*:)'/(0%(,1&#&(3&(.:*'")'((0*($')%&35(#$*(2&6$1:&(6&(>"*U(K*#*3(
$':3&,$/(.6&1D
S((K)#$*(((6)7*%5(((2&>5*#$1&((('$((($21&.$(((]**B1&1)')*/(((>$3&(A*3)7)'/((">:G%2(2*%((151)%3B*U
S((YG#6*:)'&/((%)(((6):&$*(((.5((.6)*((($.:$((2*1&3:W((:)%5((c#*'(>)1*".U((\3)#((,$(:1&9)*(.5(.3B*#9(
>"1#)'$1)'/(*$1($.:$(%)(.&(6"$:&(>$3&(2&3G:(0%(61&=&%7$($(:1&*(6&1."$%&(2&(0%31&2&1&U(K)(&("(3B&.:*&(>"$1:&(
.*#6'5(0%(@&1#$%*$(2&($=*U(Y"$:5(')#&$(?:*&(35(*%.)':$(('$(($21&.$(((]**B1&1)')*((:1&3&((0%$*%:&$((*%.)':&*(($2).&(
E)*(F)#%&=&)D(0%3&6&(.5(?:&$145(3)(2*.6&1$1&/(>$3&(("(31*=5(2&(%&1,*(`*(.&($6)35(.5(1"$25(2".$1)'(3)(
>"1#)'$1&(2&(*%:1$1&U(<B&$#5(4$12*$%)'(?*(0*("12"%5(.5JL(2)35(6&(61&":(0%(3&')'$(OL{/(0%($1*6$(">*7&1*'"1U
S((C30$%'.!<3A$.*'0P!15.)%5(2*%(2&651:$1&(9*%&3),G%:51*'&(C1&":)')*U
S((`*(3)(5'$(2&J$3"'"(3&J*W(0%:1&$95(c#*'(\>)1*.*:)'/($15:G%2(.61&(">*7&1)'(((#&2*3U
S((C&1#*:&7*(.5(1$6"1:&=/(.5(:15*7*/(15.)%5(,"3&$(A*3)7)')*U(F"3:"1)'(((&(($*3*(((2*%(((61"61*)'(((.5)(("12*%U
S((+>*%:&(((F)#%&=&)(((4&1#$%D(((&X3'$#5(((c#*'U(((I%2&(((Z"%k($T)%4&(2$35()%(%&$#7(6"$:&(.5(.&($1&.:&=&(6)1(?*(
.*#6')(.*%4%1/(Z$(((:1&9)*(((.5(((3"%.:1)*#(((3&'(((6)7*%((("(((#*&((2&(((6)?351**(((%"*D
S((E$(((.:$*((($?$D(((\#(((&)(((41*T5((2&(((:*%&/((,"3*>&1&$=5((">*7&1*UV(#&2*3U((\3"'"()%2&(#5($>')(&)(%J$)(3&(35):$(
.*#)'$%7**U(y:/(-$)6:>&'2R&9&'/((:)D(((c?:*(($6:((6&%:1)((.&1,*3*)D
S(((C&1#*:&7*((((.5((((,5((((&X6'*3/((((*%:&1,*%&((((91).3((((C"1:$(H9&14&>1&*:&1(<1&):=>&'2:($1&(%*?:&(6&:&(6&(31&*&1/(.5(
:15*7*D(\(>"A("2$:5(6"3%*:(2&()%(3$'U(\()*:$:(.5(,5(.6)%5(35(%&J$#(0%:G'%*:(-6A$T"1)'(((,"%(((H::/(((3"#$%2$%:)'(
$3:*,((($'(((Q$3B:9$:$''*"%)'*%(;&1'*%U((c'(%&J$("12"%$:(.5JL(')5#(6&(2"3:"1(3)(%"*/(2"#%)'&/(6&%:1)(35($(2&1$%T$:(
3"16)'(2&(4$125(?*/(0%35'3G%2(1&4)'$#&%:)'/($(')$:(9$4B&:$(2*1*T"1)')*(2&(>$%>$15(?*($(6).(>$%>$1$(.5(3G%:>(#)=*35(
*%:&1=*.5U
S((\#((($)=*:(((&)(((3&,$(((0%((('&45:)15((3)((($.:$/((">:&$=5(((c#*'(\>)1*.*:)'/((3'5:*%G%2((2*%((3$6U(((H((.5JL((3".:&(
.3)#6D
S((C&1#*:&7*(.5(1$6"1:&=/(.5(:15*7*/(3"%:*%)5(C"1:$(*#6$.*9*'/($(>".:("2$:5()%(>$1#$3*.:(2&(3$#6$%*&(2*%(<"16)'(e(
\1#$:5/(2*%(Z1&%$U((((Z"*$(((.5(((2*1*T&=&(((2&:$?$#&%:)'(((>$%>$1&*(((1&4*#&%:)')*(P-"3B()%2(F&):.3B#&*.:&1_U(c*(
9*%&/(2"#%)'&/($.:$(LJ$(3".:$:(.3)#6((?*((6&((>$1#$3*.:U(((K*3*(((#53$1((%J$(($6)3$:((.5UUU
S(((A$*(((:$35J7*(((4)1$/(((H9&14&>1&*:&1D(((8$(((21$3)V(((?*(((3)(>$1#$3*.:)'(((?*(((3)((((Z*&%$D(((1$4&(((c#*'(
\>)1*.*:)'/(((:1G%:*%2)J?*(6*.:"')'(6&(9*1")U(F$35(%)(61*#&.3($=*(2"3)#&%:&'&/(,5(:1$4(6&(,"*((('$(((15.6)%2&1&U((<&(
.5(>$3(3)(61*="%*&1*(>515(>"1#)'$1&(j*&(*%:1$1&W(Z$(:1&9)*(.5J*(7*%($*3*("(,&?%*3*&/(6G%5("(.5J%3&6&#(3&'(2&J$'(:1&*'&$(
15=9"*(#"%2*$'U(F$35(%)(.)%:(0%1&4*.:1$7*/(3)#(.5J*('*3B*25#W(K*#&%*(%J"(.5J*(6"$:5(3B&#$('$(*%:&1"4$:"1*)(?*(
$.:>&'(%J"(((.5(((#51:)1*.&$.35(((%*#*3/(((2&3*(((%)(((6":(((>*(((2&>&1*7*(((<)17**(A$17*$'&U(;*&:)'(c#*'("(.5(15#G%5(
6&%:1)(:":2&$)%$(6&(3$6(3)(:*35'"?**(5?:*$($1&.:$7*(*'&4$'U(Z5(2$7*(?*(,"*(.&$#$(3J$?(6):&$(.5(*%:1$('$($65U((H(.5(#5(
6"#&%&.3(:1$.('$(15.6)%2&1&(2&(,1&)%(f1*&4.4&1*3B:.:1$:(((6&%:1)((($1&.:$1&$(((*'&4$'5((($(((6&1."%$')')*(\1#$:&*U(`*(
0%(3$=)'(2&(>$75(&(,"19$(2&()%(">*7&1U(+3"$:&()%(">:$*(2&((2*.6&1$1&(((?*((.&($>)%25(((0%((61"61*$J*((".G%=5U
C"1:$(((.).6*%5(("((2$:5(((3)(((&'U
S((C&1#*:&7*(.5(1$6"1:&=/(2"#%)'&/(:15*#(%*?:&(,1&#)1*(41&'&(?*((%&#*'"$.&U(((I%((15=9"*((#"%2*$'(($2)3&(
0%:":2&$)%$(41&):57*U
S((\*(6&1>&3:5(21&6:$:&/($2#*:&(c#*'(\>)1*.*:)'(1&.&#%$:(?*(0*("12"%5(4$12*$%)')*(.5JL(2)35(6&(">*7&1)'((#&2*3((0%(
3&')'$((O{M
S((\1&(,"*&(.5(3*:&$.35W(0%:1&$95(4$12*$%)'/()%(@&>1&*:&1(2*%(p54&1*/(((3)((("((&X61&.*&(((*%31&2*9*'(((2&(((:&#9&'5U
S((K)/(')$J#J$1(21$3)V/($(3*:*:(#$*(#)':(2&3G:(.)>*3*&%:(3G%**(0?*(252&$(&X$#&%)'(2&(2*6'"#5U(K)(6":(.5J*(0%4B*:(
6&(.:)2&%7**
+)
:V$(0%4G#>$7*(?*(.&#*2"37*(6&(3$1&J*(7*%&(3*%&,$(2&(#G%5(?*(3G%2_
L`(2)3((.5((.&((6*?&U
bb(0#*(6&1#*:&7*/(2"#%)'&/(0%3&6&(C"1:$/(?)4)957/($(>".:
2$:5()%(61">&."1(2&(#&2*3*%5(3$1&UUU
bb(+'59&?:&J#5/(&X6'"2&$=5(c#*'(\>)1*.*:)'/(.$)(:&J%3B*2(?*
F&(:*%&U(+5(:&(>&1&$.35(+>G%:)'(.J$T)%4*(0%(6)?351*$(#&$U(F1$3)V(&()%(3"6*'(%&,*%",$:(6&('G%45(#*%&D
bb(C&1#*:&7*(((.5((1$6"1:&=/((.5((:15*7*/(((1&*$(((C"1:$U
S((V\>$15((3)((,"*D((:)%5((c#*'/(('",*%2((3)((6)#%)'((0%((9*1")U(!"$45J:&((('$(((F)#%&=&)(((.5(((%)(((%&(((#$*(
0%:G'%*#(((,1&"2$:5U
S((-$)6:>&'2R&9&')'(((5.:$((($'(((,".:1)(((&(((.51*:((2&((6&((>*X/((0*(#51:)1*.&?:&((((C"1:$((((@&>1&*:&1)')*((((3"%:"6*?*/(
0%(((:*#6(((3&(((.&(0%2&651:&$=5((2)2)*%2(((6&((3"1*2"1U(((C1*#$((2$:5((.6)%&((35((*J$1(.)1G2&(.5(#5(9$4&(2)65(41$:**/(
$6"*(#5($#&%*%75(2*.6&1$:(.5(%)(3)#,$((.5((%&((#$*(((0%:G'%*#((2*%((%")U
S((K)(31&2(35($*(>*(>"$1:&(0%3G%:$:(2)65(3&('J$*(3)%"$?:&(3)($2&,51$:(((6&(((c#*'(((\>)1*.*:)'/(((1&6'*35(((4$12*$%)'(
3)((("(((61*,*1&(.)#915U(<G%2(7*J"(:1$4&()%(?):(0%(3)1/("(.5(:&((353*(61*%:1&(2*%7*(:":((1&.:)'(((,*&7**D
S((+)%:&#(1&3)%".3)7*(3$(3&$(#$*(2)15(6)?351*&(#*'*:$15U(K)(%)#$*(0%(A$1&$(@&1#$%*&/(3*(?*(0%(0%:1&$4$(')#&/(
.&(0#65)%&$=5(3"%7"6*.:)'((3)((:1)>*&U
S((K)(&(%*3*(6&(T)#5:$:&($:G:(2&(31)%:5/(*$1(0%(3"#6$1$7*&(3)(0%3B*."1*'&((2*%(((:1&3):/((($.:$(((&(((:":$'(((%&,*%",$:5U
S((KJ$*(#$*(,"19*($?$(2$35($*(>*(0%5)%:1)/(>"1%5*&(@&>1&*:&1)'(3"%:"6*?*/(=G#9*%2(2*.61&7)*:"1U((K)J*((,"19$(2"$1(
35(=9*$15('$(i:*%&(?*(:&(3":"%"4&.3(6G%5J7*(0%4B*7*(#5.&'&'&U(\*(>*(>"$1:&(?"3$:/(61"9$9*'/(.5(:&($125(3)(7*4$1$/(.5J7*(
.#)'45()%4B**'&(.$)(.5J7*(=21"9&$.35(9"$?&'&((3)((3*"3$%)'/((%)J*(($?$W
S((\6"*($T)%4*('$(-&)9&14/(&X3'$#5(4$12*$%)'(3)()%(B"B":(.$:$%*3/((?*((.>G1?&?'*(((0%((41$T2)1*U((\3"'"((:&(
15.:*4%&.3(3$((6&(()%(?%*7&'/(:&($3"6&15(3)(>5*%5(?*(.$1&/($6"*($2)3(%*?'&(3$61&(3)('*#9$($.615((.5((:&((('*%45D(((0%(
>&')'(((5.:$(((#"1*(((2&(((1G.D
S((;'&$BD(((@1&7"$.5((:1&$95/(()1'5(((C"1:$((3)61*%.((2&((.3G195U(8J$1(6):&$(>$3&(3B*$1(?*(6&()%(T$6"%&=(.5(*(.&(
.:1&6&=&$.35(2*%7**U(\1(>*((:1&9)**((.5((:15*7*((0%(((c,)'(((A&2*)/((3G%2((;*.&1*3$((61$3**3$(,G%5:"$1&$(2&(,15T*:"$1&((?*(
2&(&1&:*3*U(((C&($:)%3*(:&(6)%&$)(.5(3$'3*(6&(.#"$'5(0%3*%.5(?*(.5(9&*(>*&1(:"6*:U(F)65(3&($)(1&%)%7$:('$(3B&.:**'&(
$.:&$/(:&(3*)6&$)(6&.*&(:":(3)(3'&?:&'&(0%1"?*:(0%(>"3U(\6"*((((07*((((.#)'4&$)(((('*#9$((((?*J7*((((.3":&$)(((("3B**U(
\T)%.&.&15(6G%5J%:1J$3"'"((0%3G:(('&4$)((6$:1)((3$*(((2&((91$7&'&(((?*((6*3*"$1&'&(%&>&1*3*:)')*((?*/(3G%2($3&.:$(
$T)%4&$(9)357*/("$#&%**(0%7&'&4&$)(35(:1&9)*$(.5(>*(>".:(,*%",$:U(\#($)=*:(35($:)%3*(3G%2(>&#&*'&(&1$)((((3"%,*%.&(
35(((61$3:*3$)((((3)(((($2&,51$:((((,15T*:"1*$((((?*((((35(0%3B&*$.&15()%(6$3:(3)(2*$,"')'/(7*6$)(2&(6$135($,&$)(3)7*:&(.$)
+(
,5:1$*&(0%>*6:&(0%(.6*%$1&U(F$1(6",&.:&$(%)(.&(.>G1?&$(%*3*(2)65(3&(#51:)1*.&$)U(H/(%)D(0*(:5*$)(#51)%:(?*(
>*X$)(9)357*'&(6&(.:G'6**(2&('G%45(9*.&1*35(.$)(2&('G%45(.$'$(3"#)%$'5/(3$(&X&#6')(6&%:1)(3&*'$'7*(:*35'"?*U(
H$#&%**(3$1&($)(:1&3):(61*%($?$(3&,$($1(.6)%&(35(@&.:$6")'(&("($2)%5:)15(2&(.)4$1*U(C&J$:)%3*(&1$("(
61"9'&#5(>"$1:&(3"#6'*3$:5(.5(:&(,&=*(#"1:U(\.:5=*/(7*(.&(:$*&(3$6)'(.$)(:&J$'&4*(3)(4G:)'(')%4*:(2&J"(>1G%4B*&/(
?*(:":)'(.&(:&1#*%5(*#&2*$:U(C&(,1&#)1*/(0%$*%:&(.5J7*()#9'&('$(3$6/(07*(.#)'4&$)()%(2&4&:/(6&()1#5("(#G%5/(
)%(6*3*"1/(.$)(6"$:&(91$7)'U
C"17*'&(#$.*,&($'&(0%3B*."1**(.&(:1G%:&.3(0%()1#$(%"$.:15(3)(=4"#":(3$(2&(:)%&:U
K&((:G1G#((6&((.:1$25((0%((="1%5*:((2&((3$1$9*%&U
S((Y1&9)*&(.5(>*&(:$1&(41&)(6&%:1)(c#*'(\>)1*.*:)'/(1".:&?:&(\'9&1:(">:G%2(2*%(41&)U(]515(%*3*()%(>*1(2&(651(0%(
3$6U(<1&2(35(.&(((.*#:&(((>"$1:&(((.*%4)1U(((K*#&%*(((%)(((*)9&?:&((()%((("#(((3B&'U(+6)%&7*J#*(((?*((#*&/((2&(
&X&#6')/(3*%&JL((*)9&?:&((6&(((A).."'*%*W
S((K)(,5(9$:&7*(3$6)'(3)($.:$D(Y*6**(3)(3B&'*&(.)%:($61"$6&(0%:":2&$)%$((2$7*((21$3)')*/((.6)%&(((C"1:$U
F)65("("15g(%&($'5:)15#(2*%(%")(3"#6$%*&*/(*$1(&.3"1:$(3(6).5(6&('*9&1/(0%3&6&($'$1#$(?*(0%:1&$4$(3$=$1#5(
,*91&$=5(2&(>"1>":$("$#&%*'"1(61&"3)6$7*/(41)6G%2)J.&(6&%:1)(6'&3$1&U(!&4*#&%:)'(:1&9)*&(.5(6'&3&(6&(>1"%:U(
A51?5')*#/(3"#6$%*&(2)65(3"#6$%*&/(6G%5('$(4$1$(2&(#51>)1*U
L=%*2$.,6.!!/3-/,!43(=$),6%+'(7($$!j$!-.4('5!!+@(:5!3;/,-%')!=7(7!0$)7"!R'!!!$-+'6%!!!.'=),/5!!!!*-!!!$-(A-!!!<-!*7+,-">
Q*''*$#(((+B$^3.6&$1&
8%*-),*7!4,!'%!.*-'%!;$6;$!=3)3.,;/,!4$./3)')60$/(-)$*(7!+(,4/!*3-.75!07/'(@%+!*'!,P!4($%!8%/(,-&-!8%*74,(,"!
M,%*'$-)-!;$!0$:,($-!-+'%-/7!+*6-!)'%&')!-%$)3(!,D4)3+,-:7!+$%!4,(,B$"
1,)+],2,)')!+$%!J$3%$,($!,!)'0$%-/!+,!=3*')!+,!)-!&'(-!B,<$$!-'/30-/')'$!;O!(70@%,!3!=(-*B$'%,!+,!.,*'%+7!
%,*)$%/$/"!K43$!.,!4(7A';,;/,!4,!.4-/,5!+,6-!*'(0,:$;')!0,.,$!4,!*-(,!:-*!&7$%$!4(3-.47/!/7$-/,"!J)3-$-!+,!&)3-%B, !
8)!*$'('$*;/,!;$!/('4')_!$!.,!*3%/3(.$3%,-:7!<$3),%/"!R-+,!)-!43+,-5!/(7&@%+!+'47!,)!;$!&7$%$),"
d'.')!!(@%9,;/,!!!;$!!!<@(7!!!$%!!!-(07!!'%!!!8%*7(*7/3(!4)$%"!!!17(7!8%+3$-)75!.,!.$0/,!=3-(/,!A$%,"!*-!/3k$!-*,$-!*-(,!
43/!'*$+,!=7(7!-!=$
4,+,4.$B$"
S(I!-0':-%/!.7!'*$:$5!.4'%,!#C6$./')!+$%!#3%+,([300-%+l"!#,!4-(,!*7!3!0-(,!4-(/,!+$%/(,!3-0,%$!-(,!-*,,-;$!
47(,(,5!8%!%3$!/3B$!:-*,!'%!+$-<3)5!;$!(7:A3$')!8)!.*3-/,!)-!$<,-)7!'$0$/3(!+,!(,4,+,"!!!d'.')!.,!(7.'*,;/,5!&-/-!.7 !
.,!4(7A';,-.*7!+$%!=3/3)$'"!K'/30-/')!.*'$47!8%!+$(,*B$-!';$$!8%!030,%/')!8%!*-(,!+-'!A':%-!'%!!)3*3/,%,%/!!+$%!
J$3%$,($!!;$!!'%!!.'A3=$B,("!!m3*3/,%,%/')!4-(*7!4)'/,;/,!!!+,-.'4(-!!!470@%/')'$"!!!!R@%+!!!&)3-%B,),!!!8$!!!.=7(@07 !
&,%'%*2$')5!4$*$3-(,),!8$!=@)=@$,!*-!*,),!-),!'%,$!.4,($,/3($!A7/'/,!+,!<@%/"!!R,$)-)B$!+3$!.3)+-B$!.'%/!-:<@()$B$!+,!
4,(,/,"!!E!*)$475!)3/')!-(-/7!*-!!3!!,D4)3:$,!!+$%/(63!=-A($*7!+,!!<34.,-"
K)A,(/!;$!W(,&-(!/(-&!.$0')/-%"!C'47!/(3.%,/')!U-)-;%$[3<')'$"!J6Sn6'($),!(7.'%7!*-!%$;/,!4$./3-),!*'!-,(!
*304($0-/5!*'!/3/')!+$=,($/"!d'.')!.,!*)-/$%75!)3<$/!8%!'07("!K43$!8%!./30-*"!#*3-/,!'%!(7&,/G!;$!8%*,4,!".7!-)'%,*,"!
o(07/3-(,-!(-=-)7!8$!.0')&,!9'07/-/,!+$%!*-4"!#,!4(7A';,;/,5!-<@%+!4$*$3-(,),!8%*7!.4($9$%$/,!4,!=3/3)$'"!K)/7 !
A-)/7!+,!.@%&,P
Nd
S(((M$*7)3.!+,0,%/P!.4'%,!K)A,(/5!;/,(&@%+'6;$!.'+3-(,-!+,!4,!=-)-!%,-&(-!;$!)'*$3-.7"!m-!+(-*')!N,6-(!=$!
4'/'/!303(8!4,!qÇqqq
S(((W7$%-(P!,D*)-07!J3(/-"!!E($*'05!%63!.7!G0-$!)$*2$+,:,!4,!%$0,%$!+,!-:$!8%-$%/,"!p-$!.-!+70!3!(-$/7 !
4($%!*-.75!4,%/('!3($*,!,<,%/'-)$/-/,"
C$%!&(,;,-)75!!F$*'B')!!804';*7!3!4$.$*7!+,!4,!!'%!4,(<-:"
S((J3(*!804'B$/P!.*6%='($,!J3(/-"!N'!0-$!+$.*'/7!*'!F$*'B')!/3/!(,./')!:$),$"!!!!!!!H!!!"""""""""""""""""""""""""""H!
6
"#"$%%&'%%()*")#'+('
;5:1G%)'(0*(0%:G#6*%5(6&(%"**(1&31)7*(?*('&(&X6'*35(15925:"1(3&&$(((3&(((%J$)((0%,57$:((('$(((3&%:1)'(((2&(((*%.:1)37*&U
S((]*7*((($:&%7*/(((.6)%&(((&'(((3)((("(((,"3&(((154)?*:5/(((.3)*6G%2(((0%(=56$25()%(T&:(2&(=&$T**5(2&(:):)%/(0?*()#&=&?:&(
9)=&'&(?*(.'"9"$2&("(?)*&15:)15(')%45(?*(65:1)%=5:"$1&U(F&(0%2$:5(3&(,&7*($)=*($?$(3&,$(S(3)'3$:D(((I%$(3)(
65#G%:)'U(s?:*$(.)%:(#*3**(2*$,"'*(2&(3$1&(:1&9)*&(.5(,5(65=*7*U(+$1(0%(75%251*U(E):&('$(65#G%:/(2$35(%)(,1&7*((.5(((,5(
$:G1%&((#51)%:$*&'&(6G%5((.)9(3*=#&U((8$((=4"#":)'(5.:$/(_.6)%&(&'(S(?*(.3"$:&()%(.)%&:(.)6:/(4GTG*:/(3$1&(
$#*%:&?:&(2&(>1G%&'&()%)*(:1&%(2&(#$1>5(S/(>)4*7*(0%($256".:(3$(*&6)1**U(@1"6*'&(*%2*,*2)$'&(%)(,5(6":($256".:*(
.)>*3*&%:U(;5*&7**(:1$4(0%(6'*%U(`*(2$35(.:$7*(0%:1J"(41"$65(*%2*,*2)$'5/(6'")5(3)(65#G%:(6&.:&(((,"*(((6G%5(((,5(
0%41"$65D
!&61"2)3&(.)%&:&'&(:):)1"1(:*6)1*'"1(2&("9)=&(?*(9"#9&/($6"*('&((1&6&:5((6G%5((3G%2((&((.*4)1(35((%"**J,&%*7*(('&(6":(
1&3)%"$?:&U
S((`*(((#$*((&(()%((')31)((6&((3$1&((:1&9)*&(.5J'(0%,57$7*/(3"6**D(3"%:*%)5(&'U(])4*7*D(])4*7*(3$(21$3)V(2&(1&6&2&D(
])4*7*(#$*(:$1&(3$()%(*&6)1&()1#51*:(2&(4'"%7D(C):&7*(>)4*(2*%(3$'&$("9)=&'"1(3G:(,5(7*%(6*3*"$1&'&/(?*(%)()*:$7*/(2$35(
.)%:&7*(0%(-f8[/(4B&#)*7*JU,5(?*(954$7*J,5(3$6)'(0%:1&()#&1*D(\.:$(2$35(,1&7*(.5(,&2&7*(')#&$(2*%(%")(?*(.5(#$*(
$T)%4&7*($3$.5D(8)%&:*?:**/(95*&7$?*(S(.6)%&(&'($15:G%2(3)(6*6$(.61&(?*1)'(2&(:*%&1*(?*(.3)*6G%2(*$15?*(0%(=56$25(S/(
?:*)(35(,*(.J$(.6).(35(,&3*%**(%"?:1*(2&(6&.:&(21)#(.)%:(2"$1(6&(((T)#5:$:&(((*%.:1)*7*U(((+5((()*:$7*((($.:$(((3G:(((6):&7*(
2&(((1&6&2&D(8)%&:*?:**(.*9&1*&%*(.)%:(3&*(#$*(9)%*(2*%(')#&D(+)%:(0%(.:$1&(.5(=9"$1&(((3$6)'((()%)*(((*&6)1&(((2&((('$(
2")5(((.):&(((2&(((#&:1*D((((V
-f8(J
2$%4)[-04))$%[G!S((('*%*$((61*%3*6$'5((2&((')6:5/('*%*$(0%:G*(=%")"V"
F&J$9*$(.J$(3156$:(2&(=*)5U(<"#6$%*$($T)%4&(0%('*%*$(0%:G*/(?*(2")5(#*%):&(#$*(:G1=*)(3$2&(61*#)'("#/('",*:(0%(3$6(
2&()%(4'"%7
bb)%(:$%3B*.:(2&(?$6:&.61&=&3&($%*(3$1&($()*:$:(3&(LJ$(0%,57$:
;5:1G%)'U((((<&*'$'7*(((0?*(((61*,&.3(((0%#51#)1*7*(((3$#$1$2)'((()3*.U(@'"%7)'((&X6'"=*,((*J$((.#)'.((>$7$U
S((@'"$%7&(((2)#J2)#/(((1G%T&?:&(((C"1:$(((.$13$.:*3U(((\.:$((($1(:1&9)*(.5(,5(2&#"%.:1&=&(35(E,$%(%)(:1$4&(3)(
4'"$%7&("$19&D(m21"9&.3(3$6)'()%)*(%&$#7(3G:($*(=*3&(6&?:&/(%)J*($?$W(85.$7*(91$,$2$(('$(("(((6$1:&((?*J"((.5((:15*7*(
#$*(((#)':U
S((-&*/(:)(5'$(2&(3"'"/(.:1*45(A*3)7)'(3)("(,"3&(:)%5:"$1&U(Y)/(5'$(3)(4G:)'(')%4U(F$/(:)D(`:&14&J7*(&X61&.*$($*$(
:G#65(2&(6&
>$75D
I%(((:G%51(((0%$':/(((2&(((?$6:&.61&=&3&((($%*/(((0#9153$:(((0%:1J"
)%*>"1#5(((#)':((61&$(('$145(6&%:1)(&'/(0?*((6"3%&?:&(35'3G*&'&(?*
.$'):5U
S((Y&1#*%5(3)(4*#%$.:*3$/("12"%5(A*3)7)'/(:1*#*7G%2()%(%"1()1*$?(2&(>)#(2*%(:1$9)3U(E$(3):**'&($.:&$(3)(#)%*7*&(
?*(7*%&J:&(2&(>)%2)'(#&)U(<B*$1(2$35(E,$%U(:&(=9"$15(2&(6&(>$7$(65#G%:)')*(3)($1)%35:"1)'(2&((>'5351*/(:)(.5(.:$*(:":(
'G%45(#*%&U(J-%$0-$,;$Q
S((F$1(%)(6":(.5('&(3$1(6&(:"$:&(?$.&/(-&11(H9&14&>1&*:&1U(\#((%)1$$*((2")5(((#G*%*/((.&((.3)=5(T&%$:((:G%51)'U
S((\:)%3*((($:G1%5J7*(((3G:&,$(((2&(((9"$?&/(((>*)'&D(((0*(((.)4&1&$=5(A*3)7)'/(((3)((()%(((%&3B&=$:U(((8&(((2)3*(((3)#(
,1&*/(((2$1((('&(((2)3*U(J-%$0-$,;8P
0%.61&(3$65:)'(:1$%?&&*/(-&*2&(.&()#>'5(0%(6&%&U(EJ$(>".:(0%31&2*%7$:5(3"#$%2$()%&*(91*45=*(?*(P.*%21"#)'_(
:&1&%)')*(2&(*%.:1)37*&($(6).(.:56G%*1&(6&(&'U(0?*(4"%&?:&(91*4$2$(2&(3"'"J3"'"/(?*(153%&:&'&(.$'&(6":(>*($)=*:&(2&('$("(
6"?:5U
S((p)'*).(&.:&((?*(,$(>*(0%:":2&$)%$()%(6"13(#*'*:$1D(qq(,./!,3%$\!!!.6)%&((8&4*"%$1)'(J$31)U
S((C5*(%)(?:*$7*(35(.J$(%5.3):(3)()%*>"1#5(?*(3$.35W(0%:1&$95(C"1:$U(<G%2($(*&?*:(2*%(6G%:&3&'&(#$*35J.**/(6&(O{(
$61*'*&/(3G%2(&(g2&.*4)1(?*(=*)$(]**B1&1)')*/($(.51*:('$($:$3(3)(9$*"%&:$(?*(*J$(.3".
#$7&'&(#"$?&*/(.:1*4G%2(3)(0%>"3$1&h(PI1$D_U(C&()1#5(*J$(3156$:(3$6)'(2"3:"1)')*(3)(6$:)'(6)?:**/($(.$'):$:(?*($(
>53):()%(2)?(1&3&(3$(4B&$7$(0%(,&2&1&$(61&45:*1**(6&%:1)(,**:"$1&$(.$(3$1*&15(2&(.)9">*7&1(0%($1#$:$(61).$35D
!G%T*%2/(0'()1#51*#(6&(-&*2&(3$1&(&(6&(3$'&(.5(>$35($3&$(31*=5(2&(%&1,*($1:*>*3*$'5/(.6&3*>*35("1*351)*(.)9">*7&1(
$:)%3*(3G%2(,1&$(.5(:1$%.>"1#&(%*?:&(3*,*'*(%&,*%",$7*(0%(1"9"7*(#*'*:$1*U
p)'*).(-&*2&(&()%(."'2$:($15:"./(3)()#&1**(21&67*/(>"$1:&(9*%&($%:1&%$:/(9'"%2/(3)("3B*($'9$?:1*/(6&1*3)'"?*(?*(1&3*(3$(
4B&$7$U
c(((:G#6*:D(((jE9U(((:1$%3&q5kU
++
qr
S((<&(2)?D(((.:1*45(((C"1:$((2*%:1J"(41"$65(.56$:5(0%(=56$25U(KJ$)(#$*(15#$.(#)'7*(2*%:1J$*(%"?:1*U(\3)#/(
0%3":1"(:&()*7*U(,&q*(:&:&(%"*U((K&#&1%*3**D((Z*%"J%3"$3&/(A*3)7)'&/(.5J#*(7**(2&()1G:U(K*3*"2$:5(((%J$#(((6):):(
.5(((.)>51((.:15*%**D
S((K*3*(&)U(:)%5(4'$.)'($2G%3($'(A*3)7)')*U(F$35($1(<*(.J"(#*&1'&.3/($?(61&>&1$(.5(>*)(0#61&)%5(3)(3$#$1$=**(
#&*U(K)(#*J$(6'53):(%*3*"2$:5(.GJ#*($#&.:&3(.G%4&'&/(1$B$:)'(?*("$.&'&(3)(%*?:&(.:15#*(((0#6)7*7*U
0%(,$'&(.&(61">*'&$=5(.$:)'(.*%*.:1)(0%(3$1&(,"1(#)1*(."'2$7*(1)?*(?*(4&1#$%*/(')6:G%2)J.&(.5JL(3)3&1&$.35U(
Y1"*&%*:(2&(=56$25/(.&$#5%5(#$*(3)1G%2(3)(>&'*3*:51*'&(2&(<153*)%/(?*(%*3*2&3)#(3)()%('"3(0%(3$1&(%&(
$#&%*%75(6&1*3"'&'&U(`:*#(0%.5(>"$1:&(9*%&(35(1)?**(.J$)($.3)%.($3"'"(?*(35(?*J$)(0%:51*:(#*%)7*".($651$1&$U(c(
61*#)'(6"6$.(6&(@"'4":$/(3$1&(2)3&(.61&(3)'#*(?*(.61&(0%3B*."$1&$(H@CIU(\3&$.:$(:1"%&$=5($#&%*%75:"$1&(
6&(,G1>)'(3&')*(#$*(0%$':(2&$'U(*,*%2)J.&(?*(2*.651G%2(61*%:1&(,$')1*(2&(q56$25(,*.3"'*:5U(<51$1&$()135(.61&(
3)'#*/()%2&(#"$1:&$(.:5('$(6G%25U(<$(.5($T)%45('$()1*$?$(6)?351*&/()%*:57*'&(%"$.:1&(2&(')6:5(:1&9)*&(.5J?*(
31"*$.35(21)#(61*%(3G:&,$(.$:&(?*(>"1:*>*3$7**U
0%($3&$.:5(2*#*%&$75/(%)(?:*#(35(0%(3)1G%2/(?*(%"*/(?*(."'2$7**(1)?*/("(,"#(9'&.:&#$(3$(?*($':&(#**(2&(61*="%*&1*(
%&>&1*3*7*(3$1&($)(2&:&.:$:J"U(<G%2(.&(#$*(2"#"'&?:&(%*%."$1&$/(.&(61">*'&$=5(3$("($#&%*%7$1&(.5'9$:*35/(
.>*2G%2)J%&(3)(=*2)1*'&(#$.*,&(?*(3)(45,$%&'&(>&1&.:1&'"1U
S((H$1&(((3G7*(("1((>*(((0%3B*?*(($3"'"W((0%:1&$95(((C"1:$((2).((6&(4G%2)1*/(0%(:*#6(3&(61*,&?:&(61*%(9*%"3')U(I%(
3"'".(0%3"%T)1$:(2&(:1&*(6&1&7*/(3)(#)':5(.G1#5(4B*#6$:5(0%(,G1>D(KJ$#(#$*(,5=):(%*3*"2$:5(("(($.&#&%&$(
$15:$1&D
S((c((("(((6"1351*&/(((%)J*((($?$W((.6)%&(((A*3)7)'/(((*#61&.*"%$:/()*:G%2)J.&(6&(,*="1)'(6&1*.3"6)')*U(A5(
0%:1&9(2$35J*(,"1(&'*9&1$(6&(2&7*%)7*(3G%2("(.5J%3&6&#($:$3)'U(+$)("(.5J*(0%3)*&(?*(#$*(9*%&/($?$((3)#(((>$3(($*(
%"?:1*((3G%2((&(((,"19$((2&J)%(((1$*2W
S((KJ"(((.5((('&(((2&$(((21)#)'/(((B":515?:&(((C"1:$U(((<G%2((("(((.5($1)%35#((3)((9"#9&((*%3&%2*$1&/(0*(,"1('5.$(
.5(.&(615T&$.35(0%(61"61*$((('"1(".G%=5U
S((H1(>*(?*(#)*&1*(0%5)%:1)W(>$3&(\'9&1:/('*%4G%2)J?*(9)=&'&U
S((;*%&0%7&'&./(&(0%3B*."$1&(6&%:1)(9519$7*(?*(6&%:1)(>&#&*/(&X6'*35(((p)'*).(((-&*2&/(((3$1&(((0%:":2&$)%$(((&(
.)6515:"1((2&(((9*%&(*%>"1#$:(((0%((("1*3&((2"#&%*)U
S((`*(((3&(((>&'(((2&(((61".31*?*((($*(((."3*&:57**(((.)%:(((,G1G7*((($3"'"VUV(0%:1&$95(;$13&'"%$/(3"%?:*&%:(2&(>$6:)'(
35JL(,$('",*(6&(-&*2&('$(6)%3:)'(((.&%.*9*'U
S((<)#(($2*35V61".31*?*(($*((."3*&:57**W(<1*#*%$'*/($.:$((.)%*V(F&7*%)7*(6"'*:*3*((?*(31*#*%$'*(%":"1**(3$1&($1(
:1&9)*(0#6)?3$7*('$(=*2U
S((K)((()*:$((((35((($.:$(((&(((("((((0%3B*."$1&(((3"#)%*.:5((($(I%:&1#&%.3B*'"1U(F&7*%)7**('"1(6"'*:*3*(.)%:/(0%:1J
)%(>&'/($'*$7**(%"?:1*U(((I%((>&'((2&((&'*9&1$:"1*U
S((Y1525:"1**(.)%:(:1525:"1*/(.6)%&(-&*2&(3$:&4"1*3U(I%(1).(3$1&(.*#6$:*=&$=5(3)(%"*(&(:1525:"1($'(751**(.$'&(
?*(6&%:1)($.:$(#&1*:5(.5((*((.&((=9"$1&((3$6)'U
S((\*(%*#&1*:J"D(&X3'$#5(!"1:$(1G=G%2(?*(.&(*$(3)(#G*%*'&(2&
3$6U(V((S(E%(3$=)'(5.:$/(3&(%&(>$3&#(3)(3&*($*(')*(Z'$.",W(0%:1&$95
@1&4"1/(=G#9*%2(15):53*".U(8&J$#(2$:()%*>"1#&(?*($1#&(3$(.5(%&($T):&((.5J*((9)#953*#((6&J$*(('"1U
S((c?:*(((61&$(((61".:((.5(((6"7*((61*3&6&(((3&,$D(((1&%)%75(((-&*2&(%&1,".(?*g(,1&$(.5J?*(.3"$:5(3$6)'(6&.:&(
#$14*%&$(9'"3)')*(2&(=56$25/(j0?*($#*%:&?:&(91).3(2&(')%&:*?:*(?*(.&(1&:1$4&(>)'4&15:"1Uk(I%)'(2*%:1&(3'$.*3**(
%"?:1*(.J$(&X61*#$:(>"$1:&(3'$1h(LC,(!1,$%+!)$,A/!+,%!!!?,((-/5!!!-A,(!!<,(-*2/,/!!+,%!!!?,((7/,(P>\
S((<&(1$B$:/(.&(.:1G#95(A*3)7)'(2*.61&7)*:"1U(Y"$:5(')#&$($33&6:5((((6&(((("1*3*%&((((3)((((3"%2*7*$((((.5(
6"$1:&(((()%*>"1#5(3"1&.6)%=5:"$1&D(((0%(((\1#$:$(((4&1#$%5(((.)%:(((0%1"'$7*(((.)&2&=*/
&%4'&=*(((?*((1).%$3*U
S((`*(%&41*/($2$)45(C"1:$/($15:G%2)JL/(,&.&'/(6&(\'9&1:/(3$1&(#&.:&35((=41*9)'*:(("((9)3$:5(2&((6G*%&(
0%4B&7$:5U
S((E.615,&?:&/("#)'&/(#G1G*&(\'9&1:(T*4%*:U(+)%:(4&1#$%(6)1/
.5((?:**D
S((+&(((6"$:&/(((=9*$15(((-&*2&(((9$:T"3"1*:"1/(((2$1(((%J"(((.5((>**
%*3*"2$:5(4&1#$%*3U
S((+)%:(>&1*3*:/(#$*($'&.(35(++(-&*%*($(.6).(35(B*%2)?**(.)%:(:":()%(>&'(2&($1*&%*D(>"1%5*&(\'9&1:/(2&=,&'*%2)J
?*(2*%7**(3$()%
3G*%&(((0%:51G:$:U
S((F&(3&(%&41**($)(6"2)'(6$'#&'"1(?*(:5'6*'&($'9&W(0%:1&$95
A*3)7)'/((61*,*%2(3)((*%:&1&.(((6$'#&'&((')*((\'9&1:U
S((C5*((((:"$:5((((')#&$((((?:*&((((2&((((3&/(((B":515?:&((((C"1:$/(0%2&651:G%2)J.&((2&(((\'9&1:U(((<G%2((3&*(((2*%(
:1*9)'((')*(($)((>".:(,"6.*7*/((.:5:&$)((3)(:"7**(((0%((6$:1)(('$9&U
S((-$/((B$/((B$D((*=9)3%&?:&(((\'9&1:U(((\*()#"1/("#)'&/(=5)D(I%(.)%&:(.&3(?*(.*%*.:1)(.>G?*&($&1)'U(c(3$(?*(
3)#(.JU$1(0%21&6:$
3&,$(35:1&(%"*/(6"3%*%2)J.&(2*%:1J"(6$1:&(0%($':$(0%(:*#6(3&(.&($61"6*&/(3$(0%:1J)%(:)9()1*$?U(m56$2$(7G?%&?:&(
0%(:"$:&(2*1&37**'&($:)%3*(3G%2("9)=&'&(#"1:*&1&'"1(2&(:1$%?&&(3$2(0%(>$7$(%"$.:15U(c3")'(&X6'"=*&*(15.)%5(
0%2&')%4U
S(K)(&(21&6:D(61":&.:&$=5(C"1:$(2*%(41"$6$(.$/(.56$:5(0%(=56$25U(K"*($1(>*(:1&9)*:(.5(:1$4&#(3)(#"1:*&1&'&/(
%)(?'&$B:$($*$(%&%"1"3*:5(2&(E,$%*U(0%:":2&$)%$(0%3$'35(1&4)'*'&(T"3)')*D
:152$1&$/((2$1(((2*.61&7)*&?:&(((:1525:"1)'D
I%(7*65:(.:156)%4&(0%:)%&1*3)'(%"67**U(Z*%&(2*%(6$1:&$(3&$'$':5($(6G1G)')*(0%4B&7$:U(\.3)7*:(?*(6&%&:1$%:U(C1":&.:)'(
*%):*'($'()%)*("#(45)1*:(2&()%(?1$6%&'U(C$135(7*65:)'(#$*(6"$:&(*#61&.*"%$(6&(3*%&,$UUU
m4"#":)'(0%>)%2$:(.&(1&6&:5(?*(&()1#$:(2&("(&X6'"=*&(3):1&#)15:"$1&U(K&(4B&#)*#('$(65#G%:U(K&($>)%25#(0%(
=56$25U(s.:$(,!?*(.3"6)'(*%.:1)37*&*h(.5(%)(:&('$?*()3*.(61".:&?:&(2&()%("9)=(15:53*:U0000000000000000000000000000000[
+)%:&#(0%41"=*7*(3)(:"7**U(<&'(#$*(41&)(&(6&%:1)(:*%&1**(3$1&($T)%4(61*#$("$15(6&(>1"%:U
S((8$(21$3)V/(&(>"$1:&(>1*4/(#G1G*&(@1&4"1/(0%3&13G%2(.5J?*(0%35'=&$.35(>$7$(3)(61"61*$J*(15.)>'$1&U(<1&2(35(.)%:(
#*%).("(.):5(2&(41$2&U((\1(6):&$(.5J*(0%4B&7&(9"$?&'&(?*()%)*()1.(6"'$1/(0#6*&2*3G%2)JL(.J"(#$*(1&4)'&=&(6&(
#$2$#$()1."$*35(:*#6(2&("(')%5D
S((+)%:(&X$3:(6$:1)=&3*(?*(:1&*(2&(41$2&(.)9(=&1"/(2&3'$15(p)'*).((((-&*2&(((.&#&7U(((I%(((."'2$:(((4&1#$%(((:1&9)*&(
.5(((.)6"1:&(V:&#6&1$:)1$($.:$U(((Z&3B**(:&):"%*($)($,):(6$1:&(2&(0%4B&7)1*(?*(#$*((3)#6'*:&U
S((\*(>".:(?*(:)(3)(&*W(?)*&15(@1&4"1/(7"65*%2(61*%(=56$25U
S((+*4)1((3J$((>".:D((`*((p)'*)./(((?*(((]**B1&1)'((')*U((K&#7**(((?*J$)(0#95*$:(3$**(0%(Z"'4$/(*$1(p)'*).(*J$($2)%$:(
]**B1&1)')*(7)17)1**(2&(6&((>)%2/((2)65((3&(($((>".:((.5((.&((3$3&U
C"1:$(1G2&(3)($:G:$(6">:5(0%3G:(1)?**(2&.3B*2(>"3)'(3)(1$>$'&(2&(6)?35J#*:1$'*&15/(31&=G%2(35(1G2&(2&(&*U(A*3)7)'(0?*(
.3"$:&(.:*3'$(2&($65(2*%(.$3)'(2&(#&1*%2&(?*(61*,&?:&()1#&'&(:1$."$1&'"1U(Y1$4&("(2)?35(?*(0*(0%:*%2&(.:*3'$(')*(C"1:$U
S((P+:$'*3*%$*$_/(&X3'$#5(C"1:$(0%3G%:$:(?*(2)3&(*$1(.:*3'$('$(4)15/((.*#7*%2((3)#((,"23$((0*(*%,$2&$=5((:1)6)'(6G%5(
0%((,G1>)'(2&4&:&'"1((.$'&((#)?3$:&((2&((4&1U
S((F&((()%2&J"((($*W(((0%:1&$95(((@1&4"1/(((6$.G%2)J*(((.:*3'$(((')*(;$13&'"%$U
S((@&^$2"./((15.6)%2&((A*3)7)'/(3)()%(=G#9&:(3"%.6*1$:*,U(+J$J%:G#6'$:(.5(:1&3(6&('G%45()%(2&6"=*:(8)>:R$>>&/(
0%(3$1&(0*(#$=*'&$)(((6&(((:1&*(((B"7*((((:*35'"?*((((2*%((((C*"%*&1*U((((EJ$)(((.)161*%.(?:&16&'*%2("(B$'35(2&(6"13(2&J)%(
#&:1)U((K*#&%*(%J$("9.&1,$:(3G%2(($#((.)9:*'*=$:(("(('$25((2&((:15.35)U
S((`*((()%2&J*(((1&.:)'W(((0%:1&$95(((C"1:$/(((>515(((.5J?*(((:152&=&(*%:&1&.)'U((F&("9*3&*/(.)%:(,1&"(2")5.61&=&3&(.:*3'&(
0%:1J"('$25D
S((\*3*/(3B*3":&?:&(A*3)7)'/(2&.>53G%2)J?*(9')=$(2&(3$#)>'$TU(U(E&.('$(*,&$'5()%.61&=&3&(.:*3'&(2&(,"235/(3$1&(
$:G1%5(6&(&'(3$(6"1:"3$'&'&(((0%((6"#)'((2&(((<153*)%U
S((+6&1(.5(%)J7*((:1*#*:5((E,$%((,1&"((9"$95/(.6)%&((C"1:$(3)(15.)>'$1&$(:5*$:5U(\*(.51*(0%($&1(3$()%(#5%)%3B*(2&(
$1:*>*3**(0%(%"$6:&$((2&((\%)'(((K")D
NK
rJ(K)(*(.&(,$(0%:G#6'$(%*#*3(*%*#".)')*(:5)($#*3/(.6)%&(A*3)7)'(.*4)1(6&(&'U(H1*3G%2(*J$?('5.$(0%('"3)'(#&)(6&(
&1"**(5*$(TTT"7*(3$1&($1(>$3&("1*3&(%)#$*(.5J?*(,$25(%)#&'&(0%.31*.(6&()%(9"'",$%(2*%(.6$:&'&(3$=51#**U
]&'2R&9&')'(8$%4&(2*%(41)6)'(2&(3"#$%25(,*%&(0%:1J)%(.)>'&I($')%&3G%2(6&(=56$25/(?*(.&(')%4&?:&('G%45(
;5:1G%)'U
S((C)?351*$($.:$(.6)13$:5(&(2).5(6&($6$(.G#9&:&*/(6)>5*&(&'($4*:$:U(Y*35'"?**(2&(E,$%*(,*%(0%(,$')1*U(K)(6":(.5(*$)(
'&45:)1$(3)(9$:$'*"%)'(dU(@1)6)'(2&(3"#$%25(&(>53):(>51G#&D(8",*:(0%(6'*%D(+)%:(.*%4)1)'(3$1&(G(1&)?*:(.5(.3$6&U(
Y":)'(.J$(6&:1&3):(0%()':*#)'(1%"#&%:U(((!).%$3**(((5*$((31&:*%*((&1$)((2&T$(('$((()?5D
S((RG,./!),!A3(+,)P!.6)%&(8&4*"%$1)'/($4*:G%2)J.&(%&9)%&?:&(6&('G%45(&#*75:"1)'(1$2*"/(0*($)2/(2$1(%)(61*3&6(
%*#*3(2*%(3&
.6)%D
S((]"'".&?:&(($'>$9&:)'(((A"1.&D(("12"%5((.3)1:(((;5:1G%)'U(8&4*"%$1)'(0%3&6&(.5(9$:5(6&(3'$65U(-&*2&(0'($T):5U(
Y1$%.#*:&
>)'4&15:"1h(P+:156)%4&1&(1).&$.35U(]'$%3)'(21&6:(2&.3"6&1*:U(;$:$'*"%)'(O(*="'$:(2&(>'$%3)1*(?*($1*&14$125U(C"=*7*$(
%)(6"$:&(>*(#&%7*%):5U(<"#6$%**'&(d(?*(v(2*.:1).&U(Y&1#*%$:U_
S((]*1J$1($(21$3)')*(2&(:1&$95D(0%T)15(;53$%)'(3)("9*25U(\?$(.&J%:G#6'5(2$35((9$4*(((0%((')6:5((#)3"?*(((*%.:1)*7*(
6&(T)#5:$:&U(\3)#((3&((>$3&#W
-&*2&((.31*&((>&91*'/(($6"*(((0*((0%#G%&$=5((#&.$T)'(((;5:1G%)')*U
S((+*4)1/(.*4)1/(9"#95%&(;5:1G%)'/(=G#9*%2($#$1/(?*(:1$4&($2G%3(2*%(6*65U(CG%5('$()':*#)'("#D(CG%5('$()':*#)'(
4'"%7D(-$*(.5J*|($)=*#(((?*(((6&((3&*((2*%((3&'5'$':((3$65:U(((C)%&7*J,5((4$'"?**(((?*(6$%:$'"%**(2&(:5,5'&$'5/(95*&7*D(H(.5(
$,&#("$.6&7*U(F5J#*JL(6&
3"#$%2$%:D
c()%(=4"#":(*%>&1%$'U(C$1&(35(3&1)'(?*(65#G%:)'(.J$)(2&.3B*./(.3)*6G%2(>"3(?*("7&'(6&.:&(%"*U(`&%*'&'&(:$%3)1*'"1(
2)2)*&U(A":"$1&'&(41&'&(.)%:($#9$'$:&('$(#$X*#)#U(\'9)'("19*:"1($'(=56&=**(.&(:1$%.>"1#5(0%(,*"'&:(?*(6)16)1*)U(
H1*="%:)'($12&(0%(,G',5:5*U(\'9&1:(.:5(3)'3$:('G%45(#*%&/($>)%2$:(0%(=56$25U(`*J$(:1$.(#$.3$(2&(3$#)>'$T(6&.:&(
>*4)15U(c(3"%,*%.(35(,$(>*("(7*%:5()?"$15(2$35(0?*($1$:5(>$7$(%&$415U
S((F"$#%&/((3&((%J$?(2$((6&(()%(((-&*#$:.3B)..[D(((\?(6):&$(.356$(2&(:"$:5(#*=&1*$($.:$("2$:5(6&%:1)(:":2&$)%$D(
,*.&$=5(&'(3)((4'$.((:$1&U
C)?:*'&J#*:1$'*&15(2&(6&($#9&'&(6517*(0%3&6(.5('$:1&U(@'"$%7&J:1$."$1&(915=2&$=5(=56$2$U
S((<&(((>$3&#((($3)#/(((2"#%)'&(((H9&1>&'2W(((0%:1&$95(((:G%51)'('"3":&%&%:(;1$)%/(61*,*%2(2*.:1$:(0%T)1U(c(
3"#$%2$%:(2&(6'):"%/
[(p*$0-/.*2'"$D!jE9U(4&1#Uk(S(UU4'"%7(2&(1&6$:1*&1&_(S(&X61&.*&(3$1&(2&.&#%$("(1$%5(3565:$:5(0%(')6:5(0%()1#$(351&*$(2&,&%&$*(*%$6:(
3"#9$:$%:(T%"!$"9"
+#
2$1(&(.)>*3*&%:(2&(?#&3B&1(3$(.5JL('$.&(6&(;5:1G%)'(.5(*$(.*%4**1(B":51G1*'&U
S((\:$3(((3)(((:"$:5(((3"#6$%*$/(((15.6)%2&(((.3)1:(((;5:1G%)'(Y1&9)*&(.5(')5#("2$:5(.$:)'(5'$/(?*(3G:(#$*(
3)1G%2D(F$35(%)/({(#*&1'*#((3)((:"7**D
S((E#6".*9*'/(.&(:G%4)*&(:G%51)'('"3":&%&%:U(\,&#(%&,"*&(2&($1#$#&%:((41&)((3$((.5JL((')5#((3)(($.$':U
S((K)(:&(#$*(.#*"135*/(8&):%$%:/(.:1*45(>&1*3*:(C"1:$U(<G%2(.J"1((6"1%*((#"1:*&1&'&(((?*((95?*:"$1&'&((%"$.:1&/(
E,$%((0?*((,$((')$(6*3*"$1&'&(('$((.6*%$1&((3G:(($*((=*3&((6&?:&U
S((0%$*%:&/(6"1)%3&?:&((;5:1G%)'/(?*(.&(1*2*35(3)($):"#$:)'(61&45:*:(?*(3)(41&%$2&($:G1%$:&('$(3*%45:"$1&U(
A*?3$7*J,5(>)%2)'(?*(()1#$7*J#5D
yG?%*#(0%$*%:&(?*(%&($>)%25#(0%(=56$25U(\.)25#/(9'&.:&#5#(?*(%&(31"*#(21)#(61*%(*$2)'($'9U(]*&3$1&(6$.(
6&(3$1&(0'(>$3&#(3&1&()%(&>"1:(*%)#$%U(C*3*"$1&'&(%&(2)3(0%$*%:&/('5.G%2($2&.&$("(3*=#5(0%(=56$25U(A*:1$'*&1&(
41&'&(A$X*#(.&($)2('5:1G%2(0%(.$:U(C1&3)#(3"#9*%&'&/(0*(.&3&15(6&(3&*(2*%(61*#&'&(1G%2)1*U(Y1)6)1*(
0%:)%&3$:&(=$3(0%(=56$25(3$(%*?:&(*%.)'&(.*%4)1$:*3&U
S((?$<,!!)-!!03(/P!!)1'5(((8&4*"%$1)'U(((C$1&((35(((=9"$15((6&.:&(=56$25U(((\:$3)1*'&(((0'(((.3":(((0%:":2&$)%$(
2*%(((#*%7*U(((F5((9)=%$(0%$*%:&((3$(()%(($1$9((>$%$:*3U
I%(1).(%&(61*,&?:&(:&1"1*=$:(2*%:1J"(41"$65(>53):5(0%(=56$25U(\):"#$:)'(8&4*"%$1)')*(.&(6"1%&?:&(.5(1565*&(?*(
1).)'(.&(6159)?&?:&(0%:1J"(9$':5(2&(.G%4&U
A*3)7)'($,$%.&$=5(3$()%(9*,"'(:)19$:/(0%4B*"%:&?:&(3)($):"#$:)'()%(61">&."1(0%.65*#G%:$:/(3$1&(.&(
.:152)*&?:&/(2*%(3G%2(0%(3G%2/(.5(.&J%2&651:&=&(2&(.$:1$6)'(.5)U
S((0%$*%:&$=5/(((61">&."1(((0#6)7*:D(((s.:$J*(((#*%)%$:)'(((15=9"*(2&.61&(3$1&('&(,"19&$*(&'&,*'"1(:5*(31&:*%*D(\*(
41*T5(.5(%)(3)#,$(.5(:&(4G%2&?:*('$(0%$':5(:152$1&(.$)(.5(:&($.3)%=*(0%(,1&"(41"$65(?*(.5(%&('$?*(6&(%"*(.*%4)1*(
.5(3G?:*45#(15=9"*)'(5.:$(9'&.:&#$:D
]".:)'(H9&1.:/(3$1&($3)#(&(#)':(61&$(95:1G%(6&%:1)()%($.&#&%&$($:$3(2&(*%>$%:&1*&/(:)?&?:&(?*(B"135*&(3$("(
'"3"#":*,5(.'&*:5(3&()135("(6$%:5($91)6:5U
ZGGTTD(<1$3D(15.)%5(4'"$%7&'&(1*3"?$:&U(m9"$15(2&$.)61$(7&.:&'"1(%"$.:1&(3$(%*?:&(,*&.6*(0%:51G:$:&U(
;'&.:&#G%2/(.'&*7*(2&(6):&1&/(%&($256".:*#(6&(6$1:&$(3&$'$':5($(2&$')')*U(+*#7*#(0%(3&$>5(15.)>'$1&$(>*&19*%:&(
$(#"17**U(]515(.5(%&(#$*(6&.&/($')%&35#(6&(6$%:5(?*(%&(:1&=*#(2&"2$:5/(.61&(.)161*%2&1&$(:):)1"1$/(61*%:1&(
%*?:&(3$.&(0%41"6$:&(0%(:1"*&%&($,G%2(%)#$*(3"?)1*'&(2&$.)61$(%*,&')')*(=56&=**U
@1&%$2&'&(.>G?*&(,5=2)B)'U(\):"#$:&'&(?*(#*:1$'*&1&'&()?"$1&(1565*&U(]&1&.:1&'&(?*()?*'&(.)%:(.#)'.&(?*(.&(
615,5'&.3(6&.:&(%"*U
Tq7**(2&(:1$."$1&(,GTG*&(61*%($&1)'(0%4B&7$:(?*(.:156)%4(:1)6)1*'&(."'2$7*'"1((3$1&((4"%&.3((0%$*%:&U
E%>$%:&1*?:**(1)?*(7G?%&.3(2*%(41"6*'&('"1(*%2*,*2)$'&(?*(>)4(.5(.&($.3)%25(0%(:1"*&%&'&(2*%(.6$:&'&(9$153*'"1U(H(
.&:&(.5'9$:*35(2&(.G%4&(6)%&(.:56G%*1&(6&(%"*U(+)%:&#(*%:"X*3$7*(2&(2"1*%7$(,*3:"1*&*U(K&(9)3)15#(35($#(')$:(
*%$#*3)'(61*%(.)161*%2&1&U
S((?$<,!!!)-!!!03(/P!!!.:1*45(((8&4*"%$1)'(((>$%$:*3/(((0%(((:*#6(((3&(.>51G#5((3)((6$:)'((6)?:**(((7&$.:$(()%)*(
.&14&%:((41$.U(((<$1%&$(((?*(.G%4&'&(0'(0#61"$?35(2*%(3$6(6G%5J%(6*3*"$1&U
S((N$,!<./$G*)$'/$\5!!#)1#)15(356*:$%)'(1)./($651G%2)J.&(3)("
#G%5U
8"3":&%&%:)'(((;1$)%((.&(("61&?:&(((?*((.&((B"'9&$=5((2&1):$:(('$
">*7&1)'(1).(3$1&(&(.6&1*$:(2&(#"$1:&U(\6"*(7G?%&?:&(0%$*%:&(2)65
;5:1G%)'/((3$1&((2*.6$1&(('$(3"'7)'((:1$%?&&*U
<$(0%:1J)%(>*'#(3&(.&(2&1)'&$=5(3)("(,*:&=5(61&$(#$1&/("9.&1,
35(((1).)'((($1&((("(((41&%$25(((?*(((.&(((61&45:&?:&(((.J"((($1)%3&(((.61&
8&):%$%:)'(;1$)%U(<)()%(4&.:(1&>'&X/(0*(:&13*)*&.3(>$7$(3)(6$:)'
6)?:**U((@1&%$2$(0*($')%&35(2*%(#G%5(?*(&X6'"2&$=5/(15.3"'*%2(=56$2$(((?*((65#G%:)'((0%4B&7$:U
[(((((I%(*%>$%:&1*.:(:G%51(&($1)%3$:(0%($&1U((C*3*"$1&'&(0*($:G1%5(=21&%7)*:&U(+G%4&'&J*(7G?%&?:&(2*%(6)'6&(3$($6$(
2*%:1J"(3"%2)3:5(.6$1:5U(A5($6'&3(2&$.)61$(')*/(2$1(%)JL(6":($T):$U(A"$1&(2*%(3$)=$(61".:*&*(')*(;1$)%/(3$1&(
$1(>*(:1&9)*:(.5JL("#"$1&(6&(1).U(C"1:$(.6)%&(0%:":2&$)%$h(PF$35(,1&#(.5(.)61$,*&7)*#/(:1&9)*&(V(.5(>*#(#)':(
#$*(31)=*g?*(#$*(?*1&7*(2&3G:(&*U(0%:1&(,*$75(?*(#"$1:&(%)(&(2&3G:("(3'*65D(0%(#"#&%:)'(0%(3$1&(&=*7*(.5(:1$4*(
.$)(.5($1)%3*(("((41&%$25/((6"7*((.5(:&(3"%.*2&1*((2&T$((#"1:_U(I%((1).((.3B&'&:*3((.&((1*2*35((0%((>$7$(((A*3)7)')*U
S((F$)3./$5!0$)3./$P!.&(:G%4)*&(&'(*.:&1*3/(7"65*%2(6&('"3/(3$(?*(3)#(($1((95:5:"1*((65#G%:)'((61"$.65:(
0%.5#G%7$:U
S((!)?**(9)%*(.)%:(1)?**(#"17*/(1G%T&?:&(A*3)7)'(:1*)#>5:"1(?*(:1$4&("(1$>$'5(%&.>G1?*:5(0%(:1)6)'($3&.:)*$/(3$1&(
3$2&(6&(.6$:&(3$
{(((656)?5(2&((6$*&U
'((((((C&()%(,&B*3)'(2*.:1).(=$3&(3$2$,1)'()%)*(#*'*7*$%U(\1&(31$%*)'(G"!2&.6*3$:/(*$1(31&*&1)'(0*($:G1%5(0%:1J"(
6$1:&U(H(3$.35(,&3B&(2&("7&'
L(((.&(("2*B%&?:&(('$((6*3*"$1&U
C1">&."1)'(.&("61&?:&(%5)3*:/(3$(?*(3)#(.J$1(>*(*=9*:(2&()%(=*2U(+&()*:5()%(:*#6('$(7&$.:$(3156$:5/($6"*(0?*(
$=,G1'&(3$1$9*%$/(0?*(J(2)3&(((#G*%*'&(('$(("3B*(((?*((.&(($6)35(.5(()1'&((3$(()%((.#*%:*:U
S(K&%"1"3*:)'&D(1$4&(A*3)7)'/($61"6**%2)J.&(3$("(>)1:)%5U(<1&=*(35(.J$(:&1#*%$:(15=9"*)'(*)*(\2"'>(?*(3J$(
,&%*:(,1&#&$(.5(9"3&?:*LV(\2)%5J7*(6*3*"$1&'&(?*(1*2*35J7*($1#$U(35J7*(=9"1(9"$?3'&D(F$35($*($?$(3&,$D
[((K)(((:1$4&7*D(((''BU(((1)wG/(($61",k(($%")"g"
,)
C1">&."1)'(7"65*&(?*(3G1G*&(0%(>$7$(A*3)7)')*(3$("(3*"$15(0#6)?3$:5(0%($1*65U(\3&.:$JL($T):5(.5(0%$*%:&=&(3)(
0#91G%3&'*(?T('",*:)1*(2$:&(3)(6$:)'(6)?:**U
A5(4159&.3(.5(7*%(6$.)'(3)(3&*'$'7*/(351G%2(0%(91$7&(#*:1$'*&1$()?"$15U(C&("(6":&35(0%4).:5(4"%&.3(%*?:&(
.*')&:&(0#9153$:&(0%($'9/(3)(353*)'*(2&(9'$%5U(+&($)2&("(&X6'"=*&(6):&1%*35/(0%."7*:5(2&(?)*&15:)1*U(\.)1=&.3(
91).3U(<)61*%.(2&(6$%*35/(.3$6(#*:1$'*&1$(2*%(91$7&/(0%(.&3)%2$()1#5:"$1&/(#5(.*#:(3$(1*2*3$:(2&("(#G%5(
)1*$?5/($6"*($1)%3$:(*#&2*$:(0%$6"*(6&(=56$25U(I%(T&:("19*:"1(2&(>'5351*(7G?%&?:&(0%($&1U(+)33&.*,/()1#&$=5(
$':&(2")5U(@*=#&(3$1&(0#61"$?35(:":)'(.&(6&1*%25(6&('G%45(#*%&l($&1)'(.31G?%&?:&U(:1".%&?:&/?*(9G=G*&/(
*%,$2$:(6$135(2&(#*'*"$%&(2&(,*&.6*(6"1%*:&('$($:$3U(+$6(>&91*'(0%(:74-+7"!\#()%(.*%4)1(4G%2h(.5(.3$6(2&(
*$2)'(5.:$(3)#6'*:U(H(3$.5(&(')$:5(6&(.).(?*(.&(2&=#&#91&$=5(0%:1J"(6'"$*&(2&(.3G%2)1*/(#"1:$1(?*(.:*3'5U(H(
."95(.&(25(2&J$(2)1$/('5.G%2(0%()1#5("($,$'$%?5(2&(.3G%:&*U(!)?**(2&('$(3$65:)'(6":&3**(.)%:($1)%3$7*(0%(.6$:&(
?*(:&13*)*7*(6&(6&1&7**(2&(6*$:15($*(3"'B"=)')*U(I%(:)%($%:*:$%3($')%&35(6&(?&%*'&/(.:1*,*%2(2"*(*%>$%:&1*?:*(
4&1#$%*/(2*%(3$1&(%)(#$*(15#G%&(2&3G:()%(#"1#$%(2&(3$1%&(0%.G%4&1$:5/($6"*(0?*(31"*&?:&(21)#(61*%:1J"(
9$1$35U(F)65(3&(6&1&:&'&(.&(6159)?&?:&/($6$1&("(#*:1$'*&15(41&$(1).&$.35U(<)()%(4&.:(1&>'&X/($1)%3("(41&%$25(
0%(2*1&37*$(&*U(I1#&$=5("(&X6'"=*&(3):1&#)15:"$1&(?*(6)?3$J#*:1$'*&15($#)7&?:&/(0%(3G:&,$("1&/(0%:1&4(.$:)'(&(
3)157$:U(I%**(.&(61&2$)U(E&.(61)2&%7*(2*%(41"6*'&(*%2*,*2)$'&/(3)($1#&'&(1*2*3$:&(2&$.)61$(3$6)')*/(.:56G%*7*(
2&("(>1*35(0%>*"15:"$1&U
\):"#$:&'&(3'5%75%&(15):53*".U(K)(')5#(61*="%*&1*/(0*()3*2&#(6&(:"7*/(3B*$1(?*(6&(15%*7*U
@&%*?:**(2&.3"6&15("(3"#6$%*&(0%:1&$45(2&(*%>$%:&1*?:*(4&1#$%*(3$1&($)(>".:('*3B*2$7*h(0#6)?3$7*(0%(3&$>5(?*(
.:156)%?*(3)(9$*"%&:$U
K&(.:1G%4&#(0%(3&13(?*J*(61*,*#(:53)7*U(I%**(.)%:($6$:*3*/($'7**(6$1($()1'$(2*%(.:15>)%2)1*U(<G7*,$(2*%:1&(3&*(
#"17*($)(>".:(:"1:)1$7*(9&.:*$'D
S((F,(+,P!!!>$3&(U8&4*"%$1)'/(((0%415?5#G%:(((%$:)1$'(((6&%:1)(65#G%:D(((RG,./!!)-!&',((,P
S((K)#$*(.$2*3**(6":(>$3&($?$(3&,$/(=*3&(\'9&1:U(+$2*3*/(%)(4')#5D
S((`*(%"*("(.5('&(>$3&#($3&'$?*(')31)(2$35(%&(,"1(*&?*(0%(3$'&(,1&"2$:5/((1G2&((A*3)7)'/((3)(((:":(($:G:$(
.$2*.#U
S((\2)%$1&$((('$(((3"'B"=/(((.:1*45(((;5:1G%)'/(((4&.:*3)'G%2(((3)(i($):"#$:)'((0%(((#G%5U
I%(C$%=&1(N(,*%&(B)1)*%2(6&(.:1$25U(c?$6$#&%:)'(#$.*,(.:15')3&?:&(0%(')#*%$(3&%)?*&($(*&1%**U
3"#6$%*$(((:$W(((0%:1&$95((((&'/
,-$$$$./'012
m"1%5*%2(2*%('$%7)1*(?*(1*2*3G%2()%(%"1(2&(=56$25/(.&("61&?:&(T%(>$7$(8&):%$%:)')*(;1$)%U(I%(4&%&1$'J#$*"1/(
0%,&'*:(0%:1J"(9'$%5($'95(2&()1./(.&($6'&$35(61*%(:1$6$(2&.3B*.5($(:)1&'&*U
S(8&):%$%:/(3&(3$)7*(3)("$#&%**(5?:*$($*3*W(:1G#9*7&$=5(&'(6&
)%(:"%((6&1*3)'".U
;1$)%(.&(6"1%&?:&(.5(:)1)*&(%&1,"./(3)("($.&#&%&$(,*:&=5
0%3G:((3),*%:&'&((*((.&((0%3$'&35U
0#9'5%*:)'(4&%&1$'J#$*"1(0'(#5."$15(2&(.).(6G%5(T".(3)("
61*,*1&((15):53*"$.5U
S((c?:*((((0%((('&45:)15(((3)(((3)*%6::P/P((((UbU(.3):)1G%2)J?*((4B&$7$(2&((6&((#G%)?$((2&((9'$%5U
S((+5((((,&2&7*/((((2"#%)'&((((4&%&1$'/((((.5((((:15*7*/((((15.6)%2&('"3":&%&%:)'((((;1$)%((((*1*:$:/((((<"#$%2$%:)'(
&((('$(((3$9$%$(((2&(,G%5:"$1&/(('$((2"*((^*'"#&:1*((2&((+$%2",$U
S((y*(((.J$((("12"%$:(((.5((("3)6*((($*3*(((6"=*7*&W(((0%:1&$95(4&%&1$')'J#$*"1($#&%*%75:"1/((3)((4'$.)'((.5)(
154)?*:U
S((K)/((2"#%)'&((4&%&1$'/((.5((:15*7*D
S((\:)%3*(2GJ*(21)#)'(0%$*%:&D(F1)#)'(.61&(3$.5(:1&3&(61*%
A".3",$D
CJN(2*.6$1&(0%:1J)%(%"1(2&(=56$25/(.3)*6G%2('*#9*(2&(>"3(61*%(7&$,$(((&?$6$#&%:)')*U(((@&%&1$')'(((%)(((*$(((0%(
.&$#5(((.$'):)'
8&):%$%:)')*U
;1$)%(,*%&(.61&(%"*(9'&.:&#G%2(61*%:1&(2*%7*/(1"?)(3$(1$3)'U
S((C'&35#/(.6)%&(&'(6&()%(:"%(.)6)./(T)3G%2)J.&(%&1,".(3)
$):"#$:)'U
S((<&((("12"%$7*/(((2"#%)'&W(((.&(((*%:&1&.&$=5(((;5:1G%)'/
)#6'G%2)J?*((>'&4#$:*3((6*6$((3)((:):)%U
S((C"$:&(3J$1(>*(#$*(9*%&(.5(2$*(:)("12*%&/(;&*&1/(1&%)%75(%&6):*%3*".(8&):%$%:)'U(+*:)$7*$($.:$(%)(.&(
$.&$#5%5(3)(%*#*3(2*%((3&((%&J$)((0%,57$:(('$((`3"$'$((2&((">*7&1*D
S((8)$7*J,5((($1#&'&/((("12"%5(((91).3(((;5:1G%)'U(((A*?3$7*J,5(>)%2)1*'&(((?*(((')$7*J"(((6&(((#$14*%&$(
21)#)')*D(((C5.:1$7*((2*.:$%7$(2*%:1&(((41)6)1*U(((C&%:1)(((%)#&'&(((')*(((F)#%&=&)/(((%)(((,5(((#$*(0%415#52*7*U(
F&(3G:&("1*(:1&9)*&(.5(,5(.6)%(35(0%(>&')'(5.:$(6):&7*(>*((()3*?*(((:"7*(((3)((()%(((.*%4)1(((#"1:*&1(((%&%"1"3*:W(((8$(
%$*9$/(2*.:$%7$7*J,5D()1'5(&'(>)1*".('$(A*3)7)'/(3$1&(?*J$($'&.(3$($T):"$1&(6&((61">&."1((?*((6&((H9&1.:U
S(I?)1&'/(;5:1G%)'&D(c)(?*(&1"**(5?:*$(2"*($*(@&1#$%*&*(%&(,"#((0#615?:*$((0%((:"$:5((!).*$D
<&%)?*)'(#$3$91)($'(2*#*%&7**(2&(*$1%5(.&(61&.3B*#95(0%:1J)%($'9$.:1)(1&3&(3$(4B&$7$U(])1:)%$(.J$(2"#"'*:U(
+&($)2&("(0#6)?35:)15('$(3G7*,$(^*'"#&:1*(2&651:$1&/(0%(>1*4)'()3*45:"1U(c6)*=$7*/(#G1?5')*#(6&(3G#6*$('$145/(
0%21&6:G%2)J%&(35:1&(0%5'7*#*'&(0%>1*3"?5:"$1&(3&(.&(=51&.3(0%(2&651:$1&U
+(YE

vO
S((I%2&(.J$(#$*($.3)%.(0#6)7*:)'(2&(E,$%W(0%:1&$95(C"1:$/(.3"1#"%*%2(0%:1J"(3'$*&(3)(>G%U(Y"3#$*(3G%2(7*(.&(
6$1&(35($*(2$:(2&((&'/(0'(0%4B*:&(65#G%:)'/((0%:":2&$)%$((>)4&(3$(.5(%&(6"$:5(0#6)?3$((($6"*((2*%:1J"((,545)%5D
S((!).**(.)%:(&X6&17*(0%(3B&.:**(2J$.:&$(2&($%*(2&(=*'&U(&X6'*35(@1&4"1U((F$35(%)(.)%:()1#51*7*(2&(%*?:&(
*%$#*3*(9'&.:&#$7*(3$(%"*/((($:)%3*(((.&(("3)65((2&((&*((6"'*7*$(('"1(.&31&:5/((3$1&((2&J$9*$($?:&$6:5((.5J*(((:1*#*:5(
0%(((+*9&1*$((.5((3)1&7&((=56$2$U
F)6GJ$#*$=$(:G1=*)/($T)%4&#('$(%*?:&(1)*%&U(C&.:&(:":/(3$2$,1&($1)%3$:&()%&'&(6&.:&($':&'&U(F)65("(
3*"1",5*$'5(.3)1:5(.*(,*"'&%:5/(2&,&%*#(3)J(:"7**($6$:*3*U(C"1:$(45.&?:&()%(6"13(0%4B&7$:U
S((E.).(&(3)(%"*D((*=9)3%&?:&(A*3)7)'(?*(0%3&6&(*#&2*$:(.5(61&45:&$.35(>"3)'/(0*(4"%&?:&(6&(61">&."1(?*(6&(
H9&1.:)'(2&41$2$:(?*J*(("9'*45((.5(6'&3&(0%((35):$1&$(('&#%&'"1(2&(>"3U((+5(>*&(9*%&().3$:&D(()1'5(0%()1#$('"1U(
F$35(%)/(,5((6)%(6&(,"*(0%('"3(2&('&#%&D
;5:1G%)'(,1&$(.5(%&(3"%:*%)5#(21)#)'U(ZA$-(7!'$(%"*(?*(%&($#&%*%75/(2$1(6G%5('$()1#5(1&%)%75U(`:*&(2*%:1J"(
')%45(?*($#$15(&X6&1*&%75(35(%)#$*()%($:$3(*%$#*3(3)(:$%3)1*(41&'&(EJ$1(6):&$(.#)'4&(6&(C"1:$(2*%(#*T'"3)'(
)%&*("14**U
F&.6*35#(6"13)'(0%4B&7$:(3)($T):"1)'(3$=#$'&'"1(?*($'(:"6"1*?:*'"1U
S((KJ$1(:1&9)*(.5JL(2&=4B&75#(#$*(0%:G*W(0%:1&$95(8&):%$%:(;1$)%(3)(%$*,*:$:&/($651G%2)J.&(3)(#G%$(2&(
$?3B**'&(0%4B&7$:&(2&((3$1%&((3$1&((.$1(0%((:"$:&(V2*1&37**'&U
S((K)($,&#(:*#6/(2"#%)'&(8&):%$%:/(.5(:15*7*D(F$35(#$*(6*&12&#(#)':5(,1&#&/(61*&:&%**(%"?:1*(2&(6&.:&(
21)#(,"1(,&%*(3)(9$'$'$*3*'&J$'&$($'&('"1(?*(%&(,"1(3*)1)*(>)%2)1*'&/(0*(&X6'*35(C"1:$(?*(((31$65((6"13)'((0%(
2")5((3)((()%((:"6"1(2&((#53&'51*&U
\'9&1:(*&.&(2*%(6*,%*75(351G%2()%(.$3(3)(3$1:">*/()%(3"?(3)(")5(?*()%(9*2"%(3)('$6:&(0%4B&7$:U
S((E.).&(?*(A51*&D(&X3'$#5(C"1:$/(3)(4)1$(6'*%5(2&(>1*6:)15/(0%#"$*&(3$1%&$(0%:1J)%(,$.(1).&.3(3)(?%$6.(
2)'3&/(6&(3$1&(LJ$(2&.3"6&1*:(\'9&1:(0%(6*,%*75/("(2$:5(3)(3&'&'$':&(61",*=**U(`*J$3)#("((.5((,5((>$3((P9'*%*_D
8&):%$%:(;1$)%(&(9&$:(?*(0%3&6&(.5(3G%:&(3G%:&3&(*%:&1=*.&U(F*%(3G%2(0%(3G%2(0*(#51:)1*.&?:&(')*(@1&4"1(35(%)(
*J$)(6'53):(%*3*"2$:5(-*:'&1(?*(6$1:*2)'(')*U
-&*2&(0'(61*,&?:&(6'*%(2&(1&61"?U(K)(6"$:&(.5(61*3&$65(3)#()%(">*7&1(2*%($1#$:$(])B1&1)')*(6"$:&(.6)%&(
$.&#&%&$(')31)1*UU(+&(B":515?:&(.5(%)(#$*($*95(%*3*"2$:5(2&J$(>$3&(3)(8&):%$%:U(;1$)%U(C"1:$(45.&?:&(0%(
6*,%*75(:":(3&J*(:1&9)*&(6&%:1)(P9'*%*_U(<B*$1(?*(."#"%($>)#$:U(c(#$*(2&41$95("(#$.5(*%>"1#5(?*($1&("(
3)'"$1&(3*)2$:$/(2$1(0%35(&(3"#&.:*9*'U
+N
S((A*J$1(>*(:1&9)*:("(:*4$*&(.6&3*$'5/(&X6'*35(&'/(2&(61&>&1*%75(>515(#G%&1/(3)(:"$:&(35(%)($1&(*#6"1:$%75U(
H1*3)#/(?:*)(.5(>$3(3'5:*:&((1).&?:*((2&.:)'((2&((4).:"$.&U
]')*&1G%2(>&1*3*:/(0%3&6&(.5(($#&.:&3&($')$:)'(0%:1J"(31$:*7G
#$1&U
S((KJ$,&#(9&1&/(%)J*($?$W(0%("12*%&/($:)%3*("(.5(6)%(,"235U(<)()%(4&.:($#6')/(.6$14&(")5'&(?*('&(6)%&(0%(
$')$:)'(2&('$6:&
3)((>5*%5U
]"$1:&(3)1G%2/(1)*%&'&(.)%:(*%,$2$:&(2&($1"#5(2&(P9'*%*_U(A"1#$%&(2&(3'5:*:&(1).&?:*(.&(0%$'75(6&(#$.$(')%45(
?*(?)91&25U(C"1:$('&(>$3&(>"$1:&(41"$.&/($?$(3)#('&(>$3(?*(1)?**U(<G%2(&(4$:$()':*#$/(0%3&6&#(.5(#G%35#(
3)61*%?*(2&(:"1"6&$'5/(3$(?*(3)#($#(>*(#)%3*:($%*(0%(?*1(>515(0%:1&1)6&1&U(H(P9'*%*_(3$'25/($6"*("(9)3$:5(2&(
."#"%($>)#$:(?*(2&$.)61$("(>&'*&(2&(>1*6:)15U(F*%(%")("(P9'*%*_D(K&J$1(#$*(>*(:1&9)*:(%*?:&(.".($31)/(2$1("(.5(
%*JL(*#$4*%5#/(0%('"3)'(')*/(:)1%5#(?%$6.U(F)65(3&(#G%35#(:":/(2&J59*$(0%215=%*#(.5(%&(#*?35#/(2&(:&$#5(
.5(%)(%&(&X6'"2&=&(#51)%:$*&'&U(C"1:$(0?*(.3"$:&(>'$):)'(2*%(3*=#5/(0%:*%.(6&(.6$:&/(%&(3G%:5("($1*&(2*%(
PZ52),$(,&.&'5_U
S((+>*%:&(+*."&/(3G:($#(0%>)'&3$:D(4&#&(@1&4"1/(2G%2(21)#)'()%&*(95?*%*(15.)%5:"$1&(3$1&(&()1#$:5(*#&2*$:(
2&(.>"1751*'&(6&($3&&$?*((:&#5(($'&((')*((C"1:$U
S((F$:$(,**:"$1&(3G%2(#$*(45.*#(3&,$(6":"'/("(.5(>$3(9"1?/(61"#*:&(&'/(,*.G%2(3)("3B**(2&.3B*?*U(<*"19$(
61&>&1$:5($("1*351)*(1).U(<)#(25#(2&("(,$35/(')5#("(9)3$:5(2*%(&$/(?*(.6&1(.5(#$*(45.*#(6&(21)#(?*(3&,$(
3$1%&(2&(6"13U(H(.5(*$.5("(:1&$95(6&(3*%.:&D(<)(.)6$($.:$($*(6):&$(>$3&(\1#$:$(!"?*&(.5(3$6*:)'&=&(6&
'"3D
\61"$6&(35(:1&9)*&(.5(%&(:G1G#(6G%5('$('$:1*%5/(3$1&/(0%(#"2
3*)2$:/((($((.356$:((2&((2*.:1)4&1&$((:":$'5U
C"1:$(&(4)1#$%2/(0?*(*$(3)(&'("(>&'*&(2&(>1*6:)15(?*()%(6$B$1
3)((?%$6.U
S((I%(:*6(351)*$(0*(#&14&(#*%:&$(%)(.&(2&6'$.&$=5(%*3*"2$:5(6&(>$7$(65#G%:)')*(>515(.5J?*(*$(61",*=**(3)(&'D(
%&(*%.:1)*&?:&(&'/(#)?3G%2((3)((6">:5((2*%((3$1%&$((2&((6"13U
F&($>$15(.&($)2(="1%5*:)1*'&($1#&'"1(?*($'&(&3B*6$#&%:)')*
')*(((#*'*:$1U
S((\(((.".*:(((3"#6$%*$/(((2&3'$15(((C"1:$/((:154G%2((61&3$):((3)("3B*)'((61*%((.651:)1$((6&1&:&')*((#)12$1((2&(
>)%*%4*%&U
S((+).D("12"%5(;5:1G%)'(%&1,".U(8"R&("(.5J?*(*$.5(2*%(#*%7*(2$35((%&((45.&?:&(($*3*((#G%3G%2((6G%5(('$(
*%3"%?:*&%75D
S((F$U(((-$*(((.5((*&?*#(((.5(((35):5#(((95:1G%$(((\1#$:5((!"?*&/(1G%T&?:&(((A*3)7)'/J(((9&$:(((:)1:5U((((F"$1(
6&%:1)((($.:$((($#U(6'&3$:(2&J$3$.5/(((%)J*((($?$W

S((C&()%2&(%$*9$(:&J$*($.3)%./(;&*&1W(0%:1&$95(H9&1'&):%$%:(8"R&/(((1"?)((('$(((>$75/(((.:1G6)%4G%2)JL(((3)(
61*,*1&$((6&(((;5:1G%)'U
S((\*3*/(15.6)%2&($3&.:$/(>53G%2()%(.&#%(,$4(3)(#G%$/(>515
.5((?:*&((3&(V.$((15.6)%25U
C&%:1)("(3'*65/(8"R&(0'(61*,&?:&(.).6*3*".U(\6"*(25(1&.&#%$*
2*%((()#&1*(((?*((("12"%5h
S((<"#6$%*$(($(((vJ$/((0%(((3"'"$%5(((3G:&(()%)'/((2)65(((#*%&D(F&J$9*$(*&?*#(2*%(.$:)'(1)*%$:/(3G%2("(&X6'"=*&(
.>G?*&(="1**
=*'&*U(((E%.:*%3:*,/(((%&((($1)%35#(((0%(((=56$25(((?*(((%&(((4B&#)*#U
C5#G%:/(4B&$75(?*(.3B*T&(2&("7&'(=9"$15(61*%($&1U(+)>')'(6$1:&$(%&(.#)'4&(6'5#G%**/(2$1(2*%(>&1*3*1&(&X6'"=*$(&(#)':(
61&$(2&6$1:&(6&%:1)($(61","3$(%&3$=)1*(3"#6$%*&*U(\,&#(%)#$*(:1&*(15%*7*U(F&J$9*$(%&(1&41)6$#(?*(0%3&6&#(
#$1?)'/(3G%2("(B"$125(2&(YJdN(,"6.*:&(0%($'9(7G?%&?:&(2*%(652)1*3&/(3)(#":"$1&'&(?*
?&%*'&'&((.31G?%*%2U
S((<51)7&D(((=9*$15((;$13&'"%$((*.:&1*3U((+3"$:&7*((P9)1'$%&'&D[_D(H9&1'&):%$%:(8"R&(>$3&(.&#%(2&("61*1&/(6&%:1)($(
'&(6&1#*:&
3&'"1(2*%(2*,*=*$($%:*:$%3(.5(%&($T)%45(2*%()1#5U(I135(6&(3"$#$(2&$')')*/((.)>'G%2((2*%((41&)U
S((C)%&7*(#G%$(?*($T):$7*J%&/(:*35'"?*'"1/(0%T)15()%(]&'2R&9&'
3)((("9*25U
I%((:)%((2&(((nv((&((0%7&6&%*:((0%(((=56$2$(($2G%35U
S((F$1($.:$(6$135(%)(&(:1&$9$(%"$.:15/(%)J*($?$W(0*(15.6)%2&(C"1:$((1*2*3G%2(("((.61G%3&$%5U
]&'2R&9&')'(0%3&6&(.5()1'&/($#&%*%7G%2(3)(#G%$/(2$1(&("61*:(2&((;5:1G%)'/(3$1&J*(.6)%&(.5(.&(2)35(21$3)')*(3)(:)%(
3)(:":U
S((H(.5(:&(7*%(#*%:&D((61"#*:&((]&'2R&9&')'/(0%(:*#6(3&(.&($>)%25((0%((=56$25U((-)1)*:)'(.*%*.:1)(($'((#":"1)')*(2&(
:$%3(.&($61"6*&U(((C"1:$(((61*,&?:&((($:&%:(((6&.:&(((#$14*%&$(((41"6**(((.$'&((2*%
=56$2$U
S((-&11(((H9&1'&):%$%:/(((.5(((:15*7*D(((=9*$15(((&'(((35:1&(((8"R&U(F)#%&=&)((%)(,1&$(.5(>*#("#"1G7*($*3*/(.)%:(
3"%,*%.D(-$*2&7*
.J"(((?:&14&#D
S((!5#G*()%2&(&?:*/("12"%$(>)1*".(8"R&U(C1&4G:*7*J,G($1#&'&(2&(((')6:5(((3"16J'$J3"16(((?*(((15#G%&7*(((*%(((41"6*'&(
*%2*,*2)$'&D
S(((]**($:&%:D(0#*(2$*($':&(A"'":",)1*(*#&2*$:(3&('&($1)%3(6&($.:&$(.)9(351)7&/(**("12"%5(A*3)7)'(61">&."1)')*/(
6"3%*%2)JL(3)(7&$,$($):"#$:)')*(6&.:&(3$.3$(2&("7&'U(Y&(*$(?*(21$3)V(?*(:$3J.)(2$3GJ7*(*&?*(2*%(1*:#D(Y&($1)%3(?*(6&(
:*%&(?*(6&(T$,1$($.:$(.)9()%(YJdN(3$(6&(%*?:&(41&%$2&D(\?$(.5(?:**/(?"$1&3&(2&(9*9'*":&35(3&(&?:*D((((+31G?%*%2((((2&(
>)1*&/((((61">&."1)'((((?*((((H9&1.:)'(((2&41$2$:(#&?:&1&.3('$(3G:&,$(41&%$2&(2&(#G%5(?*(*('&(6$.&$=5(A*3)7)')*U
[((;)1'$%((S(2&%)#*1&((*%(T$14"%(."'257&.3(6&%:1)($1)%35:"1)'(2&(41&%$2&($%:*:$%3((T%"/"V"
S(]&1*7*D(1$4&(A*3)7)'/(1":*%2()%(#5%)%3B*(2&(41&%$2&(6&
2&$.)61$((3$6)')*U
8$(2")5=&3*(?*(3*%3*(2&(#&:1*(0%(>$7$(')*/()%(fQJO(.&($61"6*&
#)4*%2U
S((H(((.5(((%&(((.:1*,&$.35/(((9"'9"1".&?:&(((6*">&."1)'(((:&1"1*=$:/
61&4G:*%2)J.&((.J"((1)65(('$((>)45U
S((\*3*(.$(.:$b*/(#G1G*&(A*3)7)'(?*(0%:*%2&(2)65(&'("('$95('$:5(3G:(((((3$=#$)$/((07*((=9"1((9"$?&'&((2$35((>)4*D
Y$%3)'(2&(3*%3*=&3*(?*(:1&*(2&(:"%&(.&("61&?:&/(0?*(1":&?:&(0%3&:
:)1&'$U
I1#&$=5(("((&X6'"=*&(=4)2)*:"$1&/(($6"*(("(>'$3515((61&')%45
7G?%&?:&(2*%(:)%)'(2&(Lvv(##U(+)>')'(0'($=,G1'&(6&(A*3)7)'(6&.:&(61">&."1(?*(6&.:&(>".:)'(H9&1.:U(H9)=)'(3$2&('$(
%)#$*(:1&*=&3*(2&(#&:1*(2&(41"$6$('"1(?*(0*(0#61"$?35(3)("($,$'$%?$(2&(=56$25U
S(((]1)#".(((0%3&6):/(((1".:&?:&((((A*3)7)'(((0%.65*#G%:$:/(?:&14G%2)J?*((=GU6$2$((?*((#G=4$((2&((6&((>$75U
S((F)#%&=&)'&(((#$1&D(((7*65(((61">&."1)'((3)61*%.((2&((6$%*35U(;)1:$(()1*$?5(($((:$%3)')*((.&((0%$'75((0%(((21&6:)'(
41"6**(J'"1U
]".:)'(H9&1.:(.&(1*2*35(6&(T)#5:$:&/(0%3B*2&("3B**(?*($?:&$6:5
.5((>*&(((.:1*,*:U
S(`*((($3)#U((.).(((3)(((:*%&/(((E,$%&D((()1'5(((A*3)7)'/(($1)%3G%2
.)33&.*,((2")5(((#5%)%3B*)1*((2&((41&%$2&((.)9(((fQJOU
E=9)3%&?:&((("(((>'$3515((($'9J4G'9)*&/(((?*((("(((3"'"$%5(((2&(((>)#(%&41*3*".((.&((0%$'75((2*%((:)1&'$((:$%3)')*U
S(E.).&((-1*.:"$.&D(((9"'9"1".&?:&((H9&1.:)'/(($'9((3$((,$1)'U(H(&X6'"=*&(0%>*"15:"$1&(.6)'9&15(:$%3)'/(&X$3:(0%(
#"#&%:)'(E%(((3$1&((A*3)7)'((.&((1".:"4"'&?:&((0%(('5:)1*U(((]".:)'((H9&1.:((.:5(4B&#)*:(0%:1J"(41"$65(?*(4&#&(
:&1"1*=$:U(<&'&(3*%3*.61&=&3&(:"%&($'&(:)1&'&*(:$%3)')*(.J$)(615,5'*:(6&.:&(&'/(.>G?**%2)J*(B$*%$('$(.6$:&/(0%.5(>515(.5J
L(15%&$.35U(Y1&#)15U(+&(B"'9&$=5(3)("3B**(3G:(3&6&'&('$(,G',5:$*$(3$1&(#$*($2*%&$)1*(&1$("($1#5(.:1$:&4*3/(3&
.&#5%$((#"$1:&$U
S(I%2&(&(1&=&1,"1)'($1)%35:"1)')*(g&(>'5351*W(0%:1&$95(A*3)7)'($#&%*%75:"1/(61*,*%2)JL(3)()15(6&(>".:)'(H9&1.:/(
0%("3B**(351)*$(.&(0%:1&=51&?:&(*.:&1*$(.6&3*>*35('*%*&*(>1"%:)')*U(!&=&1,"1)'($1)%35:"1)')*(2&(>'5351*/(3$6(65:1$:D(
1&6&:5(&'/(6"3%*%2)JL(3)
6$:)'(($):"#$:)')*U
H9&1.:)'(((0%3&$135(((.5(((.&(((0%2&651:&=&(((J$((()%(((3G*%&(((95:):U(A*3)7)'(9'&.:&#5(2*%(6'*%/(0%?>$35($):"#$:)'(?*(&(
4$:$(.5(:1$45U(S(Y&(>$3(75%251*(?*(:&(0#615?:**(0%(:"$:5(!).*$/(.3G1%1,*&/(?*(6&(()1#5(("((.5((#5(p)3(.$((.3)*6((6&(
#"1#G%:)'(#$*3GJ:**D((.&(15.:&?:&(&'(3)()%(1G%T&:(41":&.3U(\*($1)%3$:()%("9*&3:($'(\1#$:&*(4&1#$%&(?*((%)(6"7*(>$3&(
$.:$(>515((.5(>**((6&2&6.*:/(:*3G'".)'&D(`&%*'&'&(((.31G?%&.3(((31)%:(((0%(((.6$:&'&(((6&12&'&*(((2&(((%*%."$1&/(
$#&%*%7G%2)J%&((3)((#"$1:&$U(((I%((6&*&:&((#$.*,((2*%((6*$:15((.&
v_*
.>51G#5(3$("(3"$T5(2&(")U(+)>')'(%&(#5:)15(?*(%&(3)'35('$(65#G%:U(<5'2)1$(%&(6G1'&?:&(6*&'&$/(%)#$*(A*3)7)'(6$1&(
.5(%)("9.&1,&(*$2)'(2*%(T)1)'(')*U(Y1$4&("(1$>$'5('$(6*3*"$1&'&(>".:)')*(H9&1.:U
S((!&=&1,"1)'($1)%35:"1)')*(2&(>'5351*D((:)%5(&'(3)()%(4'$.(2"4*:U0000000000000000000000000000000000000000000000000000000_!
iV
S((<&(.J$((0%:G#6'$:W(0%:1&$95(;5:1G%)'/(3)("9*?%)*:)'(:"%(3$'#U00000000000000000000000000000000000000000000000000000000000000000G
S((K5:515)'(5.:$(0#91"9"2*:D(*=9)3%&?:&(A*3)7)'(0%%&9)%**U(\($1)%3$:(6"1351*$($*$(2&(1&=&1,"1(6&(3$1&(%&J$(2$:J"(
\2"'>D(0?*(0%3B*6)*&/(61"9$9*'/(35(#$*($1&(41$2&(6&()#51U(KJ$#(,5=):()%(31&:*%(((#$*((#$1&D
S((I%2&(&W(0%:1&$95(;5:1G%)'/(#5.)1G%2)JL(2*.61&7)*:"1(3)(61*,*1&$((6&(((H9&1.:U
S((8J$#((6*&12):/((0%4$*#5((H9&1.:)'((3)(T)#5:$:&((2&((4'$.U
S((8J$*((6*&12):W(.&((15.:&?:&((A*3)7)'((.3$%2$'*=$:/(3)($:G:$(6$:*#5(0%3G:(6"$:&(>*($)=*:(6G%5('$(A".3",$(?*('$(
;&1'*%U(+>G%:$(]&3*"$15/(>**3$(')*(E.)./($#(:15*:(.J"($)2(?*(6J$.:$D(A*%7*/(4)%"*(3&(&?:*U(8J$*($1)%3$:/(%)(LJ$*(
6*&12):D(C&%:1)(35(%)(,"*$*(.5JL(3$1*/(%&#&1%*3)'&D((I%(1$B$:(3$(:*%&($(#$*((>".:((?*(">*7&1(0%($1#$:$(])B1&1)')*D
S((F)J:&(((.5JL(((3$)7*D(("12"%5((.3)1:(((;5:1G%)'U
S((\*(356*$:W(61":&.:&$=5(&%&1,$:(H9&1.:)'(2&41$2$:U(F$35(#5((0%:"13((.5JL(($2)3/((,"*((>*(("#"1G:D
S((`*(3&(2$35W(1G%T&?:&(A*3)7)'(3)(15):$:&U(KJ"(.5J7*(2)3&#(2"1)'D(`*(\'9&1:(,$(>*(0%3G%:$:(.5(31$6*U(+3):&?:&N2&(
&>"1:)'(6&(3$1&JL(,$(>$3&(3G%2("(.5J7*(>51G#&(3$6)'(3)(1$%4$/(3$(.5(>$35(1$."'(3)(().:)1"*((2*%((:*%&D
S((H#"1G:D(=G#9&?:&((;5:1G%)'(9$:T"3"1*:"1U(C&(3G%2($,&$*(3"#$%2$(.6)%&$*h(P<5=):(6&%:1)(]**B1&1(?*(
Z$:&1'$%2_U(F$1(2&(>$6:($*(21&6:$:&U(PH#"1G:_(&(3&'(#$*(6":1*,*:(3),G%:U(+$)(P)3*._D(+$)(((P.3B*'"2*:_D(((+$)(
P.>51G#$:_D
S((RG,./!!)-!&',((,5!!!.)1G2&(((8&4*"%$1)'U(((?$%35!!!03-(/,5!!!<$%3!-*'0"""!!!>1&2"%&$=5((&'(((0%3&:*?"1U
S((c((()':*#$((("$15((3G%2(((07*(((.6)%D(((F)J:&((2)65((1&=&1,"1)'($1)%35:"1)')*(2&(>'5351*/("12"%5(;5:1G%)'/(
6)%G%2)J?*(%&65.5:"1($):"#$:)'(((0%((6"=*7*&(2&((:1$4&1&U((<)((3$6)'(((0%((65#G%:/((>".:)'(H9&1.:((6'&$35((%&0%$1#$:/(
$')%&3G%2((6&(((6$%:$(((0%4B&7$:5U
I%("9)=(&X6'"2&$=5('$(3G7*,$(#&:1*(2&(&'(?*JL(0#61"$?35(3)(=56$25U(c($1)%3$:(0%$6"*/(0?*(6*&12&(3$.3$U(+&(1*2*35(
$1T&,"*&(?*(0%$*%:&$=5/(0#6'&:*3*%2)J.&(61*%(=56$2$($2G%35/(>515(.5(*$(0%(.&$#5(.31G?%&:&'&(3"6$3*'"1(251G#$7*(?*(
&X6'"=**'&($.)1=*:"$1&(2*%(T)1)'(.5)U
S((0%$*%:&/(%)#51)'(OD("12"%5(;5:1G%)'U(\*(41*T5(2&(1$B$:)'(5'$/((.&(((0%:"$13&(((&'(((35:1&(((A*3)7)'U
S((<)(6'53&1&/(1G%T&?:&($3&.:$(.$:*.>53):U(H(.5($#(41*T5(3$("(#$1%5D(((K)#$*((35((%)((:"$:&((#$#&'&(((.)%:((9)%&D
S((+5(:&(>&1&$.35(F)#%&=&)(2$35(0*(>$3*(2&(6&:1&3$%*&D(0'($,&1:*=&$=5((;5:1G%)'/((61*,*%2)JL(($.61)U
S((<)#(6"7*(.5(31&=*(35($?(>*(0%(.:$1&(2&("($.&#&%&$(>$6:5W(0%:1&$95(((A*3)7)'/(((3)((("(((&X61&.*&(((,*3'&$%5((6&(
3B*6)'(((%53'5*:U(!&.6&3:(((3&$(((2&J$(((:1&*$(((6"1)%35((($(((')*(((E.).h(((PK)J7*((("#"10($61"$6&'&D_(`*(%)()*:(%*3*(3&J$(
.6).(A"*.&h(Ps'$(3$1&J*(25(0%(3$6($#*3)')*((.$)((.&((,$(($'&4&(('$(((1G%2)'((')*(3)(((7&$.:$((.6$1:5_U
S((F&.31&*&1$:)'&D(#G1G*&(;5:1G%)'(7G>%".(?*(3"9"$15(6$%:$
0#61&)%5((3)(((8&4*"%$1)'U
]".:)'((((H9&1.:(((()135((((0%$6"*((((?*((((:1G%:&?:&(((1&=&1,"1)'
$1)%35:"1)')*(('$((6*3*"$1&'&(((A*3)7)')*U
S((y*J$*(*&?*:(2*%(#*%7*/("#)'&W(=9*$15(A*3)7)'(3)(1&61"?U(H(.5(45)1&?:*(1&=&1,"1)'(')*(\2"'>/(.5(?:**D(H(.5J7*(:$*&(
."'2$D(`*(%)()*:$(35(&?:*(6'5:*:(3$()%(.')T9$?(2&(1G%2/(%)(3$()%(">*7&1D(y*J$1(')$()%($%(3$(.GJL(6'5:&?:*U(-$*/(.$':5JL(
0%(.6*%$1&(.*(7*%&J:&(2&(>)%2)'(#&)D(A&14&#(.5(%&(2*.:15#(%*7&')?(3)(,&3*%**D(I%2&J*('&61$(2&(61">&."1W(F$35($(
>)4*:/(0*(,G1(0%(3)1(957)'(5'$(2&($15:$:
'$((:$9'5DJ
S((\*3*((.)%:/((#)1#)15(.6&1*$:((61">&."1)'/((*7*%2)J.*(3$6)'
2*%:1J"((41"$65U
S((cJ%((("12*%&/(((41"B5*&(((A*3)7)'(((#)'7)#*:U(((H(((.J"(((657*7*($#G%2"*(2$35(#5(.)651$7*U(8)$7*(#)%*7*$(?*(2$7*J*(
21)#)'D(<&'(#$*(41$,(')31)(3$1&(,*(.&(6"$:&(0%:G#6'$(&.:&(.5(,5($'&4&7*(3)(>)%2)1*'&((3*)1)*:&((?*((.5(%)(((#$*(
6):&7*((.:$((6&(("'*75D
S((A$*(((1&6&2&/(((#$*(((1&6&2&/(((&1"*(((615652*7*D(((;5:1G%)'(((0*(4"%&?:&(((%&1,".U(((-$*2&7*D(((+:1G%4&7*(((1G%2)1*'&D(
y*%&7*J,5((2)65
:$%3)1*D
S((<1&2(35($*(0%4B*7*:(1$B$:(?*(7*(.J$()13$:('$(3$6/(7*65(C"1:$U
+:1G%4&(:)(1G%2)1*'&/(2$35(7*(.J$()1G:(3)(,*$7$D(K)(,1&$)(.J"(657&.3(2*%(3$)=$()%)*(4'"%7D(K)(#J$#(">&1*:(,"')%:$1(
3$(.5(#5
'$.(("#"1G:((2&((9)%5,"*&U
S((C$.((($'&145:"1/(((6$.((($'&145:"1D(((0%:":2&$)%$(((>)4$((($.:$(9'&.:&#$:5/(0%T)15(A*3)7)'(.5'9$:*3(((?*(.&($4$75(2&(
3G1'*4)'(2&(1&#"13$1&($'(CJNJ')*U(0%(3)1G%2("(.5J#*(3$'3(6&(9"$?&D(A*(.J$)(:"3*:((6*3*"$1&'&((6G%5J%((4G:D
H1*="%:)'(&(0%(>'5351*U(!$3B&:&'&(9$:&1**'"1(%"$.:1&(.>1&2&'&.3(3&1)'(?*(P"14*'&(')*(+:$'*%_('&(7*%(*."%)'U
A*:1$'*&1&'&(1).&?:*(A$X*#(%&(B517)*&.3(2*%(.6$:&(?*(2*%(>'$%3)1*U(K&(1&6&=*#(.61&(&'&(3)(41&%$2&(2&(#G%5(?*(#*%&(
+/($6"*('*3B*25#(.)61$,*&7)*:"1**(0%(')6:5(3"16J'$J3"16U(Y":)'(.&
6&:1&3&((3G:(($*((3'*6*D
S(1"%!-<@%/5!0-(*2,P!?$<,!)-!03(/P!7*65(>$%$:*3(8&4*"%$1)'/(0%>*4G%2)J?*(3)7*:)'(#$)1(0%:1J)%('"3":&%&%:(1).U(+&(
0#6*&2*35(2&
vN
)%((3$2$,1)/((=9)1G%2)J*(((f$'$?>**^",)'((2*%((#G%5U
+:1*45:&'&(2&(')6:5($'&(8&4*"%$1)')*(15=9$:(.*.:&#$:*3(61*%(6&12&$)$(2&(%*%."$1&U
S((E$1(>*&19&(.G%4&'&(3$6*)')*(5')*$(2&(')6:5:"1($'(2&?&1:)')*D(1G2&(((C"1:$(9$:T"3"1*:"1U(
V
S((c(%&9)%(2&('&4$:D(0?*(25(3)(651&1&$(@1&4"1U(F&(3&(21$3)V(.&(')6:5(3B*$1($?$W(K)JL(6'$3&(%*3*(6&(\2"'>(?*(
%)(*)9&?:&(%*3*(95:1G%$(((@&1#$%*&U
S((C"$:&(35(LJ$(#)?3$:("(35#*'5(2&(3)1(6&(3G%2(.&(>G7G*$(61*%(+$B$1$(0#61&)%5(3)(3&*'$'7*(2&(:&$6$(')*(?*(0*(
T)45%&$(6&($1$9*/((4')#&?:&(((C"1:$U
;$:&1**'&(1).&?:*(2&(3G#6(.&(6"1%&.3(.5(:1$45U(H9)=&'&(&X6'"2&$=5(%)(2&6$1:&(2&(%"*/($1)%3G%2(0%($&1(
=56$25/(65#G%:(?*(3$2$,1&(0%4B&7$:&U
;'&.:&#G%2(?*(0%T)1G%2/(%&(')6:5#(3)(#"1#$%&'&(2&(=56$25l()%&"1*(%&(.3)>)%25#(6G%5('$(.)9.)"1*(?*(%&(
&'*9&15#(>"$1:&(41&)U
\T)%4&#(2*%(%")('$(?".&$/()%2&(>$3&#(6)1(?*(.*#6')(6*1)&:&($')%&3G%2(6&("4'*%2$(4B&7**U(Y5'6*'&(%&:&2&($'&(
3*=#&'"1(%)(.&(6":(#&%7*%&(6&(4B&$75U
\):"#$:&'&(1).&?:*(#5:)15(21)#)'(3)(1$>$'&(')%4*/(.&3&15:"$1&gU(@1&%$2&'&(2&(#G%5(3$2('G%45(%"*/(.3)*6G%2(
>'5351*(*%>&1%$'&/(0%$*%:5#(0%(.$':)1*(')%4*l(.51*#(6&.:&()%(2&:$?$#&%:(2&(*%>$%:&1*?:*(3$1&(.:$)(0%(=56$25(3)(
#G*%*'&(1*2*3$:&/(31&=G%2)J%&(1)?*U
S((c1"**((]**B1&1)')*(.)%:(%*7&')?("9".*7*W(1G%T&?:&(A*3)7)'/(:1*#*7G%2(("((1$>$'5(.3)1:5('$((6*3*"$1&'&((()%)*(
I%:&1>&'2R&9&'U
S((0%$*%:&/(:",$15?*D((<&'(#$*(2*1&3:(21)#(.61&(3$.5(&(,*$(A".3",$D((.:1*45((9$:T"3"1*:"1(((C"1:$U
<)(3$=#$'&'&(?*(9$*"%&:&'&($.3)7*:&/(2&:$?$#&%:)'($:$35(6"=*7**'&(1).&?:*U(A*3)7)'(:1*#*:&("(1$>$'5(6):&1%*35(
0%V(2&.3B*=5:)1$(2&("9.&1,$7*&($(6".:)')*(2&($651$1&U(F&=$.:1)'(&(0%>*"15:"1(3G%2(4'"$%7&'&(0%3&6(.5(1*3"?&=&(
0%($256".:)'(2&(9&:"%U(!5#G%(>"$1:&(6)7*%*(.)61$,*&7)*:"1*U(+)%:/(6)1(?*(.*#6')/(:5*$7*(0%(9)357*(2&()%(>"3(
3"%3&%:1*3($'(61"*&3:*'&'"1U
\1)%3("(41&%$25(2&(#G%5(3)($:G:$(6):&1&(0%(2*1&37*$(3&'&*(#$*(0%2&651:$:&(3$=&#$:&/(0%3G:($61"$6&(35J#*(
*&.&(91$7)'(2*%(0%3B&*&:)15U(cX6'"=*$(#5($=,G1'&(0%$6"*(3)("(>"175(*%31&2*9*'5(?*J#*(.#)'4&(:":($&1)'(2*%(
6'5#G%*U(C".:)'(&($1)%3$:(0%(0%:1&4*#&(0%($&1(?*(3$2&(0%$6"*(3)(.).)'(0%(T".U(@1&%$2$(#&$($(%*#&1*:/(61"9$9*'/(
0%(2&6"=*:)'(3)(#)%*7**(2&(1&=&1,5U
+)>')'(0*($=,G1'&(0%(.).(6&(A*3)7)'(?*(6&(61">&."1/(2)65(3$1&(**(:1G%:&?:&(0%(=56$25U
S((c?:*(%&9)%W(=9*$15(A*3)7)'/(1"?)(2&(>)1*&/(2&=41"6G%2)J.&(2*%:1J)%(#"1#$%(2&(=56$25U(K)($?$(.&()#9'5(
3)()%(&X6'"=*9*'
$:G:(2&(6):&1%*3/(:&#9&')'&D(\61"$6&(35(#*J$)(7G?%*:(?*(3*=#&'&
2*%((6*3*"$1&D
\6$1(2")5(:)%)1*($):"61"6)'.$:&U(<&'(2*%(>$75(.&("61&?:&(0%
,G1>)'()%&*(3$=&#$:&(?*(.&(1":&?:&(6&(?&%*'&/(3$()%("#(3$1&J?*
/(.:1*,&?:&(((7*4$1$(((3)(((:$'6$(((9"3$%3)')*U(((8&#%)'(((?*(((9&:"%)'(((.&
.>51G#5U((H$#&%**(.:1*,*7*()1'5/(*$1(:$%3)'(0?*(3"%:*%)5(2$%.)'
6G%5((3&((4'$.)1*'&((.&((.:*%4U
\1)%3("(41&%$25(0%:1J)%(3)*9(2&(#*:1$'*&15U(+3B*T&(2&('&#%
/hU.>G?*&(($&1)'U
pl((((((H(A$X*#(.&(15.:"$1%5/(3)(7&$,$(0%21&6:$:5(.61&(65#G%:U(C&
É0(1$2*$:"1((($:G1%5((15#5?*7&'&((()%)*((."'2$:((1)./((3)((>$7$((3"#6'&:
V(.>G1:&3$:5U
0%(T)1($)=*#(9)9)*:)1*'&(:*6*3&(:)%)1*'"1(2&(6&(:$%3U(I%(!*::#&*.:&1/(0%$':(?*(.'$9/(3)("(9"%&:5(2&(">*7&1(:1$.5(
?#&3B&1&?:&(6&("3B*/(%&(.)61$,&4B&$=5U
S((-$*2&7*/(B$*2&7*U(K)(,5("61*7*D(F&#"%.:1$7*J'&(35(.)%:&7*
."'2$7**(((]**B1&1)')*D
S((`*(:)(&?:*()%(#"1#$%(2&(1$B$:(0#6)7*:/($.:$(&?:*D(#G1G*&(A*3)7)'(.3".(2*%(#*%7*/(0%.5(%)(.)>*3*&%:(2&(:$1&(
0%3G:(.5JL($)25
!*::#&*.:&1)'U
S((<G7*(31&:*%*($)(2*$1&&(,&19$'5(0%(15=9"*)'(5.:$/(#"1#5*&(C"1:$/(.3)*6G%2(*1*:$:(0%()1#$(2&?*1$:)')*(
!*::#&*.:&1U(F&"2$:5/(">*7&1)'(&(15%*:U(+G%4&'&(0*(7G?%&?:&(2*%(>$75(?*(.&(6159)?&?:&(3)()%(7*65:($.3)7*:U(
c'&4$%:$(9"%&:5(*(.&(1".:"4"'&?:&(6&(=56$25(?*(.&($4$75(0%:1J"(:)>5U(@1&4"1(0*(*$($1#$(S()%(f$'$?%*^",(1G,%*:(
2&(%"*(:"7*U(;$13&'"%$(1)6&("(T)#5:$:&(2*%(6'53)7$(2&(*2&%:*:$:&(?*("
6)%&((0%((9)=)%$1U
S((0%35("(9$'&45(6&(#"1#$%)'(2&(4)%"*($'($1#$:&*U(?$%35
03-(/,5!!<$%3"""P!#)1#)15((8&4*"%$1)'U
;1).3/(8&):%$%:(;1$)%(0?*($=,G1'&($):"#$:)'(?*(.&('$.5(#"$'&(6&.:&(3):**'&(4"$'&(2&(#)%*7*&U(K&("61*#(?*JL(
61*,*#U(+&U)*:5('$(%"*(3)b(%*?:&("3B*(2&(4B&$75U
S((0%((3)1G%2(("((.5(.&J%21&6:&(35:1&((+"$1&J$6)%&/(1G%T&?:&
-&*2&/(($1"4$%:U
S((<&((.&J%:G#6'5($*3*W(0%:1&$95((H9&1'&):%$%:(((8"R&/(3$1&(3"9"$15((2&(('$((41)6)'((2&((3"#$%25/(
$')%&3G%2((6&J"((6$%:5U
-&*2&(($1$:5((.61&(((8&):%$%:((;1$)%/((1G=G%2l
S((8$?*:$:&(0%(>$7$(*%$#*3)')*/(.6)%&(&'(2*%:1J"(.)>'$1&/(3)("
&X61&.*&((.5'9$:*35(6&((3B*6U
S((E$1(((0%3&6&(((:*35'".)'(((5.:$(((0%.&:$:((2&((.G%4&/((.&(((15.:&?:&(A*3)7)'U(F&(3&(21$3)V(%)J7*(.3"7*(3$6)'(#$*(
'$(,&2&1&(3$(.5(7*JL
U(45)1&$.35((E,$%W
S((@)1$D(((#G1G*&(((8"R&U((\#((&)((41*T5(2&(($.:$D(((!*2*35J:&/
;1$)%D(((-$*/(("#)'&/((.3"$'5D
8&):%$%:((;1$)%(61*,&?:&((0%((4"'U(((C$1&((35J*((6&(($':5((')#&U
gH
oL
S((EJ$(6*&1*:(:"$:5(,'$4$/(&X3'$#5()*#*:(A*3)7)'U(KJ$(#$*(15#$.((%*#*3(2*%((&'D
8"R&(((0'((.3):)15((6&(">*7&1)'((0%#51#)1*:/((2$1(>515(%*3*(()%(1&=)':$:U
S((\(')$:J"(6&(.3)1:5:)15(35:1&(Z$'B$''$/($.:$V&/(=*3&(@1&4"1U(2G%2((2*%((()#&1*((3)(((*%2*>&1&%75U
S((C'&3$7*(((2&T$*3*D((("12"%5(((8"R&U(((8G.$7*JL/(((.5(((.&((("3)6&(#&2*3**((2&((&'U
Y&1&%)'((&((0%3'*%$:U(((I135#(((3)(()%((&>"1:(((*%)#$%U
A*3)7)'(#5($6)35(2&()#51(0%(3'*6$(0%(3$1&(#5(2&=&3B*'*91&W(?*(0%3&6(.5($')%&3(0%:1J)%(B5)U(C1*,&.3(0%(4"')'(
2&(2&2&.)9:(?*(#5($6)35($#&7&$'$U(!53%*%2(?*(0%T)1G%2/(%&(')6:5#(3)()13)?)'(?*(9'&.:&#5#(\1#$:$(4&1#$%5(
3)("9*&3:*,&'&(&*(3)(:":U(@&1#$%*$(?*(651*%7**(3$1&(%&J$)($2).(6&(')#&$($.:$(9'&.:&#$:5U(A)'7*(1&%)%75(?*(.&(
')%4&.3(0%(=56$25/(0%.5(3"#$%2$%7**(2&(6'):"%(?*(2&(41)65(0*(1*2*35(?*J*(.*'&.3(.5(3"%:*%)&(21)#)'U(-&*2&(&(
2*%(3$'&J$>$1G(2&(=&'".U(Z"3&$(E)*(65:1)%=5:"$1&/(4'$3*$'5/(15.)%5(0%(2&651:$1&U
S((0%3B*6)*7*J,5/($#($T)%.($*3*(3$(,"')%:$1/(#G1G*&(\'9&1:(3)(>$7$(0%41"6$:5(0%(=56$25/($:G1%G%2(2&(31&%4*'&(
)%)*(:)>*?(3$(.5(%)($')%&3&(6&(4B&$75U(\.:$(&(6&2&$6.5(2&('$(F)#%&=&)U(KJ$1(>*(:1&9)*:(.5(#5(6*?(0%(,*%)'(
&6*.3"6)')*(2*%(A**%3B&%U(\(>53):(*3:&1((2*%(((*-':-!!$.:$U(((C"13)'D
<1$#6"$%&'&(2&(3G7G1$1&($'&(8&4*"%$1)')*/($')%&35(?*($):"#$:)'(*(.&(1".:"4"'&?:&(6&(6$%:5/(0'(61*,&?:&(3)(
:1*.:&7&(3)#(2*.6$1&/('5.G%2(0%()1#$(.$()%(%"1($'9U
`:*#(3)(:"7**(>"$1:&(9*%&(35/(2*%(6)%3:(2&(,&2&1&(.:$:*.:*3/(&(*#6".*9*'(3$(%*?:&(."'2$7*(2*%('*%*$J%:G*(3$(%"*(.5(
.)61$,*&7)*$.35($3&.:)*(15=9"*U(F$1(%&J$#(65.:1$:(.6&1$%7$(?*(.)%:&#(1&3)%".35:"1*(6&%:1)(>*&3$1&(=*(
3G?:*4$:5/(9)3)1G%2)J%&(35(0%35(.)%:&#(0%(,*$75U
\3&.:($:$3(0%(3$1&(25#(2",$25(2&()%(3)1$T(,&3*%(3)(%&9)%*$/(2&6$1:&(2&($(6):&$(>*(%)#*:(3B*9=)*:/(%)($1&(
$9."'):(%*#*3(2&J$(>$3&(3)(&1"*.#)'U(c.:&(6)1(?*(.*#6')("(')6:5(2*.6&1$:5U
<V$1:*&1)'(@&%&1$*($'(3"16)')*(2&($1#$:5($(61*#*:("12*%(.5(*$(3)($.$':(3)'#*'&/(*$1(1&4*#&%:)'(%".:1)($(61*#*:(
2*.6"=*7*$(2&($J*(*=4"%*(6&(1)?*(2*%(0%3B*."$1&$(H@CI(?*(2&($(.&(#&%7*%&(6&(6"=*7*&("1*3&(.J$1(0%:G#6'$U(<&*(
3&("3)65(6)?351*$(2&(6&(2&$'(6":($,&$(3"%:1"')'(0%:1&4)')*(.&3:"1($'(>1"%:)')*U(K&(')6:5#(2&($61"$6&(6$:1)(
.56:5#G%*U(\#9&'&(6517*($)(6*&12):(3G:&,$(9$:$'*"$%&/(2$1(%*3*()%(."'2$:(4&1#$%(%J$(6).(0%35(6*3*"1)'(
0%5)%:1)U(F&(3G:&("1*($#($T)%.(#$*($61"$6&(2&(=*2)1*/($#(>".:(1&.6*%?*U(+&(6$1&(3$(2&(2$:$($.:$(:1&9)*&(.5(
1&)?*#U(\)(>".:(61&45:*:&(6&%:1)($:$3(2")$(2*,*=**(2&(,&:&1$%*U(K")$(%&J$(>".:($%&X$:()%(9$:$'*"%(2&(C*"%*&1*/(
3$1&(:G15.3(2)65(&*(%*?:&($1#&
3*)2$:&U(Y)%)1*(3)(B$16"$%&(6&%:1)($1)%3$1&$(>1G%4B**'"1(2&(&.3$'$2$1&($(6&1&7*'"1(0%3B*."1**U(\3)#(%&(
>"'".*#(2&(&'&(3$(.5()135#(2&$')'/(3$1&(&($61"$6&('$(>&'(2&(0%$':(3$()%(#)%:&U(\9*$($6"*(,$()1#$(3)3&1*1&$(
6)?351*&*U
<*13)'5(=,"%)1*(.*%*.:1&(0%('&45:)15(3)(3&&$(3&(.&(6&:1&3&(0%(0%3B*."$1&$(H@CIU(+&(.6)%&(35(0%5)%:1)'(
=*2)1*'"1(.)%:(:"1:)1$7*(#**(2&(61*="%*&1*U(\1:*'&1*$(%"$.:15("(9"#9$12&$=5(2&(6$:1)(=*'&(?*(.&(6)%&(61"9'&#$(
2$35(3&*(2*%5)%:1)(#$*(.)%:(0%(,*$75U(p)'*).(-&*2&/(3$1&(&(0%:":2&$)%$(9*%&(*%>"1#$:/(%&(.6)%&(35(&("(
0%3B*."$1&(,&3B&/(3$1&(&1$($*3*(0%35(2*%$*%:&$(1&,"')7*&*D(\3)#/(C"'*7*$(.&31&:5(2*%(!).*$("(>"'".&?:&(3$(
6)%3:(2&(:1$%=*7*&/(*$1(61*="%*&1**(.)%:($2)?*(2&('$(2*.:1*3:&'&(#*'*:$1&($'&(f*&,)')*(?*
-$1^",)')*U
F)65(:1&*(=*'&(2&(')6:5(31G%3&%5/($#(3)3&1*:("(6"=*7*&(6&(61*#$(3)'#&U(C&(T)#5:$:&(#"17*/(%&(:"'5%*#(0%(
:$%3)1*U(C'5#G%**(%&(2"1(3$(?*(3)#($#(>*(>".:(0%T)%4B*$7*(3)(6)#%$'&(2&(4B&$75U(+)%:&#('&"$135(2&(.)2"$1&/(
2&?*(&()%(>1*4(2&(#"$1:&U
8&):%$%:(;1$)%(&(2*%(%")(3)(%"*U(+:5(3)'3$:(6&(.6$:&/(3'*6*%2(2&.U(c(3$()%(#"1:(61*%:1&(3&*(,**U
H9&1'&):%$%:(8"R&/(#G%T*:(6&(>$75/(.:5(1&=&#$:(2&()%(6"#(3$1&JL(61":&T&$=5(6)7*%(3"%:1$(,G%:)')*(:5*".U(
;5:1G%)'(61*,&?:&(:1*.:(0%(4"'(?*(0?*()#6'&(6*6$(3)(35653&'(2&($14*%:U(K)(1&)?&?:&(.5(?*J"($61*%25U(Y):)%)'(&(
)#&2U
A*3)7)'(.J$(:"'5%*:(6&(9)1:5/(3G:(&(2&(')%4/('G%45(C"1:$/(0*()1#51&?:&(3)(3"$2$("3B*)')*(6&(61">&."1(?*(6&(
>".:)'(H9&1.:(?*(6)>5*&(3$(2&("9*3&*(2*%(:1$9)3U
S((0*(3$#(7**(2*%(.3)1:(6&(5?:*$(2"*/("9.&1,5(C"1:$/(=G#9*%2(2*%((3"'7)'((4)1**U((<5((,&%*((,"19$/((3&J$)((>53):W
S((<&J$)(>53):/(3&J$)(>53):D(=9*$15(A*3)7)'(154)?*:/(j0?*(.)>'5(%$.)'((3)(((#G%$Uk((KJ$)((>53):((%*#*3D(((\:G:$(
'&(:1&9)*&((.5((#$*(0%3&13&(.5(?*(>$35(3&,$D(E$(:&()*:5D(+5(%)J*(,52(0%("3B*U(K)(6":(.5(.)6"1:(61">&."1**D(F&(
3G%2($#(*&?*:(2*%(<$.$(&'&(3"6**D(\:)%3*($#(T)1$:(.GJ*('$.('$7*(6&(:"7*(6&(3$1&(6)%(#G%$U(`*(:G#6*:)'(2&(3"'"(&(
)%)'(2*%:1&(3&*(#$*($>)1*.*7*D(+6)%&(35(&(H9&1.3B)'1$:U(c'(&(2"9*:"3)'(3$1&($(*%:1$:(0%(9*1")'(3"#6$%*&*(?*($(
0%3&6):(.5(:)1)*&(3)#(35(&'(&(*%>$%:&1*.:/(2$1(2&(>$6:(&(H9:1.3B)'1$:U(`*(2&($3&&$($1(,1&$(.5(#&$145(3G:(#$*(
3)1G%2(6".*9*'('$(`3"$'$(2&(">*7&1*U(8J$#(3&1):(&)/(*$1(]&'2R&9&'(+3B')3^&9*&1/(3$1&(%*3*(&'(%)(0%4B*:&(
61">&."1**/(#*(LJ$(2$:U(P`3"$'$(2&(">*7&1*D_($(#G1G*:(&'U(P0*(2$)(&)(')*(?3"$'5(2&(">*7&1*D(CG%5('$()1#5(%J"(.5(.&(
#$*($'&$45((%*3*((61$>)'((2&((&'D_
S(;*%&/(2$1(3)(H9&1.:)'(3&J*W(0%:1&$95(@1&4"1U(K)(&(61">&."1(?*(&X*.:5("(#)'7*#&(2&(3"'"%&*(.).J6)?*U(
\#*3)'(%".:1)(-*%^$(&(95*$:(2&(:1&$95/(%)W
9*
S(-*%^$(&(0%(1&4)'5/(15.6)%2&(A*3)7)'/(2$1(%&%"1"3*:)'(5.:$
%)(((&U(((<B*$1(((2&'"3U(((C1*&:&%)'(((#&)(((+:$9.4&>1&*:&1(((EJ1*3^(((2*%
+:$:)'JA$T"1((($'(((F*,*=*&*(((#*J$((6",&.:*:((2&.:)'&((2&.61&((&'U(((8$
+&%%&'$4&1(*(.&(.6)%&$(P#$%*$3)'()3*4$?(2&(1&31)7*_U(c1$(3&'(#$*
2$:((21$3)')*((*%.:1)3:"1(2*%(((Q&.:>$'*$(.*((!&%$%*$U((Y":)?*/(('*.:$
1&31)7*'"1((#"17*(($((2&,&%*:((91).3(#)':(61&$(')%45(.*($:)%3*(.J$
>53):("($%3B&:5U(CG%5(.GJ.*(2&$(.&$#$(3&(.&(0%:G#6'5/(.J$(:1&=*:
'$(@&1#&1.B&*#/(3)(:*%*3B&'&'&(2&(6&()#51('*6.5D(Y":)?*/($,&$
1&'$7**(#$1*(?*($(.356$:(2&(6'*#9$1&$(6&(')#&$($*'$':5(3)($T):"1)'
$(2"*.61&=&3&(61*&:&%*(3$1&(.5JL(3"%2)35(0%$1#$7*(.61&(6$12&.*)'
2&(.3G%2)1*U(\#*3**(5?:*$(LJ$)(>53):(.356$:(0%(21)#(.61&J3*#*:*1/
?*((LJ$)((:1*#*.(($*3*/($3"12G%2)J*(?$%.$(.5(1&2&,*%5(&1")(?*(.GJ.*
1&3$6&:&(:*%*3B&'&'&(2&(6&()#&1*U(+3B')3^&9*&1(#*(LJ$(>53):(3$2")
2&(=*)$(#&$U(E$()*:$7*J,5('$(&'D(K)J*(#$*(.:15')3&.3(4$'"$%&'&(0%
"3B*D(I!3$1%&(2&(:)%(?*(%*#*3($':3&,$U(F$1(:":)?*($(0%,57$:(3&,$U
\(((0%,57$:(((3&(((&((()%(((H9&14&>1&*:&1D
S((H1*3)#/(($*((41*T5/((0'(($,&1:*=&$=5((;5:1G%)'U((<B*$1((2$35((&(2&41$2$:/($1&(0%35(1&'$7**U(`*(6&()1#5/(%J"(.5(>*&(
61&$(41&)(.GJ*(=9"$1&((3*%&,$((41$2&'&((?*(()%)*((1$B$:(2&(H9&14&>1&*:&1(3$((:*%&D
S((K)(2$)(%*3*(2"*(9$%*(6&(1&'$7**'&(')*/(2&3'$15(A*3)7)'(3)(#G%21*&U(((C'53&1&$((2&(($JL((('*3B*2$(((#&1*:5((("1*3&(
.$31*>*3*)D
S((c?:*(7*3%*:/(.6)%&(;5:1G%)'/(2G%2(2*%(3$6U(CG%5('$()1#$(1&)?&?:&((.5J?*((($61*%25(((6*6$U
S(((-$*2&7*/(((B$*2&7*D((((!*2*3$7*J,GD(((A*?3$1&$D(((=9*$15(H9&1'&):%$%:)'(8"R&U(0?*(1*2*35(6)#%)'(0%3'&?:$:/(
.&#%)'(6&%:1)(0%$*%:$1&(((1$6*25U
S((E$1(.:5(E,$%(6*:*:(61*%($.3)%=5:"1*/(2&3'$15(C"1:$/(2)65("("15(((0%(((3$1&((%)((.J$(($15:$:((%*3*((6*3*"1((2&((1).U
S((K)(:&('5.$(6535'*:/(0*(.6)%&(@1&4"1U(Y",$15?)'(E,$%(&(3&'(#$*($>)1*.*:(?*(3&'(#$*(6$1?*,(:*35'".(2*%(')#&U(Y"3#$*(
3G%2(07*(0%3B*6)*(35(LJ$(0%4B*7*:(65#G%:)'/(:&(:1&=&?:*(3GJ7*(3$)7*("(9)3$:5(2&((31&*&1((6&((3$1&((7*J$((.)>'$:J"(T$,1$(
2&((1).%$3U
S((F"$$$#%&/((%)J#*((6'$3&((:1&$9$(($.:$/((9"#95%&(\'9&1:U(F&$')1*'&((($.:&$(((%&%"1"3*:&(((6":((($.3)%2&((()%(
0%:1&4(((<"16(((2&($1#$:5/(*$1(%"*(.)%:&#(:":$'(&X6)?*U(CG%5(.$(%&(2&=#&:*3*#/("(.5(%&((:1&=*#(((6&((3$6((3)((()%(
1&4*#&%:((0%:1&4((2&((3$=$3*((35'$1&(6&(4'"$9&U(8$(21$3)VU('"3)'(5.:$(:15.%&?:&(2&(2)B"$1&$(4'"$9&'"1('"1U
S((K)J7*(((6'$3(((3$**W(((0%:1&$95(((C"1:$U
S((0*(()15.3/(#G1G*&(\'9&1:/(2&=,&'*%2)J?*(4*%4**'&(3$(()%(')6(0%:51G:$:U(((y*J$#(((#$*(((.6)./(((95:1G%)'(((#&)((($(
>".:(((:"9"?$1(((E$(-).$1*U((<G%2(#)1&$()%(3$'/(61*#&$(3$1%&(6&(41$:*.U(AG%35#(3$1%&(2&(3$'(2&(2")5("1*(6&(=*/(*$1(
%"*/(6)?:**/(6):&$#($:G:(2&(:$1&(($((3$'((0%3G:((%)((6):&$#(((:1&3&((6&(('G%45(41$T2)1*((>515(.5(%&3B&=&(#G17"$4&'&(0%(
)1#$(%"$.:15U(<$*0VE.).&(-1*.:"$.&D(<)#(:1&3*(((6&((('G%45(((3)1)'((('"1(((7*(((.&((?*(((95?&.3(((0%(((%$.D
9+
E#&2*$:(2)65(#*&=)'(%"67**/(6&("(>)1:)%5("19*:"$1&(2&(=56$25/(3"#6$%*$($T)%4&('$()%(3"'B"=(3&(6$1&(6515.*:(0%(
41$95(2&(*%$#*3U(c3B*6$#&%:)'($9$%2"%$:(&(0#615?:*$:(61&:):*%2&%*U(A*3)7)'(2&.3"6&15(2")5(#*:1$'*&1&(41&'&/(3)(
:1*6')(:$#9)1U(I%$(TJ"(25(')*(C"1:$/(0#61&)%5(3)("(3):*&(2&(4'"$%7&(2)#J2)#U
S((8$(3&(21$3)V("(.5(>"'".*7*(3B&.:**'&($.:&$W(0%:1&$95()*#*:
;5:1G%)'U
S((H(.5(,&=*(:)/(1G2&(C"1:$/(0%:G*('&(1&:&=5#/(3$(.5(%)("3)6&(i61&$(#)':('"3U(.*($6"*(0#6)?35:)1$("(.$($*95()%(&>&3:(
#$*(#$1&U(<G%2(,"1(75?#(4'"$%7&'&(6&(7&$,$/(:",$15?)'(E,$%(,$(:1&9)*(.5(.&(9$4&J%(4$)15(2&(?$16&(3$(.5(%)(.&(
:1&=&$.35(>51G#&D
S((C):&#(((3$.:1$(((0%:1&$4$(((\1#$:5(((!"?*&(((2*%:1J"(('",*:)15D
B"B":&?:&((A*3)7)'U
S((\.:&$("(.5(%&($2)35(%)#$*(%&3$=)1*/(0*(61&,*%&(@1&4"1U(F$35(,5((61*%2&((E,$%(3)(&'&/(,*('&(9$4GJ%(>)%2(?*(,5(
=9"$15
31&*&1)'D
S((E.).&(2*%(K$=$1&:/(15=9$:&(2*%(6*,%*75(4'$.)'()*#*:($'(')*(C"1:$U((((\#((((2$:((((6&.:&(((2&6"=*:)'(((61*%3*6$'(((2&(
$'*#&%:&((($'(3"#)%*?:*'"1D(j0?*(.3"$:&(3$6)'(61*%(3B&6&%4Uk(C):&#(.5(45:*#(9"1?/((>**'"1/(3*"19$((61&>&1$:5(($(
\1#$:&*((!"?**/(1G2&(&'U((;5*&7*/($T):$7*J#G(.5(*$)(3&$)%)'(5.:$U(+)%:(.*4)1(35(&(3&'(#$*(#$1&(2*%
')#&U
S((Y":)'(&(#$1&(0%((!).*$/((>*'".">&$=G((;$13&'"%$U((`:*$*(35
1)?**(0?*(3)#6515(0%:":2&$)%$(0%35'75#*%:&(3)(2")5(%)#&1&(#$*(#$1&W((8&((25((#$*(((#)':5((.*4)1$%75((2&((.*%&U
S((Y)(3)1&7*(3&$6$/(0*("12"%5(A*3)7)'(61">&."1)')*/(?*($6"*("(U:$*(0%(>&'**(.)97*1*U(E$1(:)/(9"'",$%&/(.&(0%:"$13&(&'(
35:1&(>".:)'
U((H9&1.:/(:)(:&("3)6*(2&(.>&3'5(?*(2&(,$1=5D(`*($*(41*T5(3&(>$3*/(35J7*
2&?)1)9&=(()1&3B*'&D
C"1:$(2)3&(6&(3$6()%(.$3(2&(>5*%5(?*('$(9>G)(?*J$('&4$:()%(?:&14$1(3&%)?*)(2&($:G:$(T&4U(0'(61*,*#(3$V6&(9)3G:$1)'J?&>(
2&('$(@1$%2(-":&'(2*%(C$1*.U
S(E$(.5(,&2&#/(&X3'$#5(&'(%&15925:"1/(T)3G%2)J.&(3)()%(3)7*:(6&(2&$.)61$(3$6)')*U(C&%:1)(0%3&6):($}[&#(%&,"*&(
2&(3*%3*('*:1*(2&($65U(K*3*("(6*35:)15(0%(6').(.$)(0%(#*%).U(p)'*)./(:)(3$1&(&?:*()%(6&1>&37*"%*.:(61).$3/("(.5(:"1%*(
$6$U(A$*(2&6$1:&D(\,&#(?*(6)7*%5(3$1%&(2&(,$35U(K&(:1&9)*&(:1&*(^*'"41$#&/($6"*(0%35()%(^*'"41$#(T)#$:&(2&(
3$1%&(2&(6"13U(F)65($.:$/(3*%3*('&45:)1*(2&(61$=/()%$('$(>*&3$1&('*:1)(2&($65/(?*(6$:1)(.):&(41$#&(2&(,$1=5U(K"*("(.5(
6)%&#(3*%3*(.):&U(K)(.:1*35U(I%(^*'"41$#(2&(.>&3'5/("(T)#5:$:&(2&(7&'*%5(?*("(#G%5(2&(65:1)%T&'U(\,&#($?$(3&,$W
S((K)((($,&#((65:1)%T&'/((.6)%&((;5:1G%)'U
S((C):&#(6)%&(#51$1(0%('"3(2&(65:1)%T&'W(F*%(5.:$(&(2&.:)'/(61"6)%&(((A*3)7)'/(((*7*%2)J?*(((3$6)'(((2*%((6*,%*7$U(
+J$((*%.:$'$:((3$(6$=%*3((('$(((61",*=**U
S((+5J%3&135#/(.&J%,"*&?:&((C"1:$U((+J$1(6):&$(3$(9"1?)'(*$.5(#$*(9)%($?$U((C&%:1)(%)#&'&(')*(F)#%&=&)/(
$,&#(3*(35657G%*((2&(().:)1"*W((]515(($.:$((%)(((#$*((*&.&((%*#*3D
S((\*3*/(15.6)%2&(A*3)7)'/($1)%3G%2)J#*("(>)%*&(0%:1&$(C)%&JL(:":D(H(.5J*(2&$()%(4).:(#$*(9)%D(F$,*2/(>*)'(
9'5%$1)(T*2$%/((.6)%&$(0%:":2&$)%$(35(%)(:&(6"7*(.5:)1$(%*3*"2$:5(Ä(lU().:)1"*/(07*(1*2*35(#52)'$1)'(3$(6&()%(
3$:$14(2&(.:&$4('$(=*)$(')*(\2"'>D
S((A$*($,&#(%&,"*&(2&(%*?:&(.#G%:G%5($315/(.6)%&(C"1:$/(0#*((:1&9)*&((%&$651$:((.#G%:G%5(($315D
S((C)%&(("7&:/((.)4&1&$=5(((@1&4"1U(((\.:$(($31&?:&(61&3*.U
S((\3)#((%)(%&(#$*(('*6.&.3(2&3G:()%:)'/(.$1&$(?*(6*6&1)'/(&X3'$#5(C"1:$(?*(0%3&6&(.5(>1&2"%&=&(3G%:&3)'(
'56:$1)')*(9&$:U
S((<G:(2&(#)':(6*6&1W(0%:1&$95(A*3)7)'(2*%(6*,%*75U(\*3*(%)J*(2&3G:(()%((.$3D
S((E2*":)'&/(?)*&15(C"1:$U(K)J*(%&,"*&(2&3G:(2&J"('*%4)1*75/
S((]*&19&($6$/($,&1:*=&$=5(-&*2&/($'&14G%2)JL(6&(61">&."1(2&(3*%3*(("1*((0%(T)1)'(3&$)%)')*U
S((F$7*J*(21)#)'/(.:1*45((C"1:$U((<&6&'&/(61$=)'($'9/(,$1=$U(p)#5:$:&((2&((.>&3'5(?*((7&'*%$((:5*$:5((.)97*1&U
S((Y":)J*(4$:$D(H'*4">1&%**(5?:*$($*(#&*(?*J$)(>53):(:1&$9$/(F$35(%)(&?:*(#)'7)#*:/(.6)%&J#*(#*&(?*J*($1$%T&=(
&)(*#&2*$:(6&($#G%2"*D
S((A$*(0$35J7*(4)1$/(A*3)7)'&D(Z"19&?:*(61&$(#)':(?*(#5(3$'3*(6&(%&1,*/($,&1:*=&$=5(C"1:$U(`*J$3)#(.5(
1)#&%*#('&4)#&'&(0%()%:(%&.51$:(2*%((I31$*%$U((E,$%(>$3&(3&'(#$*(4).:".()%:(2*%(')#&U(F$35(@1">$=[($(
*%:1$:(0%(!).*$(6&%:1)()%:/($:)%3*("(.5JL()1#&=(6G%5('$(3$65:D(+5(6)%&#(3$1%&$(?*/(6G%5(3G%2(.&(>$3&/(3G%:5#(
P$1*$((,G%5:"1)')*_(((2*%(((p54&191$):&%U(((A*3)7)'((?*((\'9&1:((.)%:(9$1*:"%**/((*$1((-&*2&((?*((@1&4"1(
."61$%&'&U(((+)%:&7*((4$:$W
C"1:$(9$:&(:$3:)'(6&(9)=$("$'&*(3)('*%4)1$(2&('&#%(?*(2*%(3"'B"=)'(T&4".(15.)%5(6&(0%:*%.)'(.:&6&*(P$1*$(
,G%5:"1)')*_U(C"1:$(0*($3"#6$%*$=5l('",*%2)J.&(1*:#$:(3)(#G*%*'&(6&(6*&6:/(0*(3$2&(6)%4$(3)(>5*%5(2&(6&(3$6U(
0?*(6)%&(6*3*"1)'(6&(.6*%$1&$(61">&."1)')*/(3$1&(.:5(6&(6"2&$(?*(3)1575(#*:1$'*&1$(41&$/(3"%>"1#("12*%&'"1(
A*3)7)')*/(3)("($:*:)2*%&(2&(,G%5:"1(.$2&$U
S((C,(!13(./,(!$./!/3/5!C,(!f$)++$,A!),A/P\\!3G%:5(&'(3)()%(4'$.(J(65:1)%=5:"1U
S((E$($.3)':$7*JL/(.:1*45(A*3)7)'(0%3G%:$:U(K)J*($?$(35('&(=*3&($'((21$3)')*((2&((9*%&W
[(@1">$=(S(6"1&3'5(2$:$(')*(-*:'&1/(1&61&=&%:G%2(*%*7*$'&'&(&X61&.*&*(""W(3../,(!1,)+2,((!-)),(!Z,$/,%>!j<&'(#$*(#$1&(.:1$:&4($'(:):)1"1(
:*#6)1*'"1k(T%"/"V"
[[(C52)1$1)'((&((#"1:D(((;1$3"%*&1)'((:15*&?:&D((jE9U((4&1#UkU
T.T&($?&=5#(0%(3&13('G%45(3&$)%U(C"1:$(>1&2"%&$=5()%(3G%:&3(1).&.3(2&(.&3&1*?/(0%(:*#6(3&(6)%&(?*().:)1"*)'(
0%5)%:1)/($#&.:&3G%2)JL(3)(1&.:)'('&4)#&'"1U
S((KJ$1(#&14&(?*("(1$75('$(3B&.:*$($.:$W(0%:1&$95(A*3)7)'U(]5(1H.:(2&J"(1$75D(0*("12"%5(&'(>".:)')*(H9&1.:/(3$1&(
0%:G#6'5:"1(45.&?:&((()%$U
S((+GJ7*(&X6'*3(3)#(&(3)(1$7$/(.6)%&(C"1:$U(H1*3*%&($1(:1&9)*(.G(?:*&($.:$U(cX*.:5(2")5(>&')1*(2&(9"1?U(I%)'(
"9*?%)*:/(6&(3$1&JL(>$3(6"'"%&=**(?*()31$*%&%**/(0%:G*(.&(1)#&%&?:&("(1$75/($6"*("(:$*/(Ñp(.3"7*("$.&'&(?*(
:&%2"$%&'&(?*("(#51)%7&?:*U(0%(:*#6(3&(3G%7*("(6$1:&((2*%(((Pf$:&1*%$((E.#$*'",$_/("($1)%3*((0%((.)65((9)3$:5(3)(
9)3$:5U(I*:&J$?$D(C'"6/(6'"6/(6'"6D(`*(2&(>*&3$1&(2$:5(3G%2(1$7$(>$3&((P6'"6_/((6"7*((.GJ7*(((6)*(("((2"1*%75D
S((F&(&X&#6')/("(#)*&1&(.:1$?%*35/(.&(1&6&2&(A*3)7)'(,*.G%2(3)(("3B**((2&.3B*?*U
S((KJ$(((>*&1:((2&.:)'((9"1?)'(J5'$W(.&((*%:&1&.&$=5((%&15925:"1(;5:1G%)'((?*((.&(('*%4&((6&((9)=&((3$((()%(((')6(
B5#&.*:U
S((K)(((6"$:&((>*((%*#*3((#$*((15)((6&%:1)(()%((9)3G:$1J?&>/(((0'(#).:15(C"1:$(3)(.&1*"=*:$:&/(2&3G:(%*?:&(3'*&%7*(
3$1&(?*J$)(6*&12):(1592$1&$D(H*(>*(:)(?&>)'($2)%5:)1**(5.:&*$/(2$1('$(9)35:51*&(.G(%)J7*(9$4*(%$.)'D((c)(3"#$%2(
$*3*D(H9&14&>1&*:&1(61*%(#*'$(')*(F)#%&=&)/(p".&6B(C"1:$/(9"?)'D((F$35(%)(#$*(6"7*(.5($?:&67*(6G%5(3(4$:$(
*%&4$'$9*')'(#&)(P3B&>(2V"&),1&_(1).&.3/(:&(.>5:)*&.3(.5(>$3*("(#*35(6'*#9$1&(0#61&)%5(3)(:"7*(3&*'$'7*(3$1&(
%)(#$*(6":(1592$U
K&1,**(%"?:1*(.)%:(4$:$(.G(6'&.%&$.35(0%(:*#6(3&(C"1:$(3"%:*%)5(*#6&1:)19$9*'(.G(#&.:&3&(0%(3*"195U(K&(
6"#&%*#(#&.:&3G%2(0%(4"'/(%&(3B*"1G*&(#$7&'&(61*,*%2)JL(3)#(#G1)%7&?:&(3$1%&$(3)()%($&1(2&#%(?*(3)#("(
6)%&(0%(3&$)%U(8$(.>G1?*:/(:"$1%5(=&$#$(2&(.>&3'5(?*(9*%&3),G%:&$=5(.)6$(0%(%)#&'&(F)#%&=&)')*(:):)1"1(
1)?*'"1U(\61"$6&(35(%&(35'35#(0%(6*3*"$1&(0%(#"#&%:)'(0%(3$1&(%&(.6)%&(.5(,&%*#(3)(3$.:1"$%&'&U(C1&:*%2&(.G(
'&($'*%*&#(61&3)#(."'2$7**('$(6$1$25U(A*3)7)'(&(4$:$(.GJ*(0#6)?:&(6&(61">&."1(?*(6&(>".:)'(H9&1.:(3G%2(0?*(6)%(
3$.:1"$%&'&($'5:)1*(2&($'&(%"$.:1&U
S((+3'$,**('$(3"$25D(1$4&(&'U(C&(,1&#&$(')*(E.).($7*(>*(#G%3$:('$((1G%2((3)((3G*%**D(((KJ$7*((3*:*:(;*9'*$/(
%&#&1%*3*($1*.:"31$7*(3&(.)%:&7*W(C"1:$(6)%&(0%(>*&3$1&(3$.:1"%("(9)3$:5(#$1&(2&()%:(?*/(3)(("((#*%5((2&(
$1B*&6*.3"6/((:"$1%5(($6"*((?*((.)6$U
S((ZG15(#$*($2G%3(6"'"%*3)'/(>*)'&D(.&(:G%4)*&(A*3)7)'(3)("3B**(.:*3'*%2)J*(2&(>"$#&U(<&J*(#$*(9)%(.&(2)3&(
0%:":2&$)%$('$(>)%2D((8$()1#5/(C"1:$(61&.$15(2&$.)61$(#51$1(?*(:"$1%5(.".)'($31)U
F)65(3&(1$2&(:1&*(6"17**/(A*3)7)')*(*(.&(>$3&(#*'5(2&(61">&."1(?*(2&(>".:)'(H9&1.:U
oo
9>
S((<1&2(35(,5(&(>"$#&(?*(,")5/(%)W(0%:1&$95(&'(*%2*>&1&%:U(p(F)3&7*J,5((('$(((H9&14&>1&*:&1(((C"1:$(((3)(
3$.:1"$%&'&U(((`*(((2$:5/(D(0%:G#6'5:"1/(2&.3"6&1*7*("(9)3$:5(2&(3$1%&(0%(.)6$(,"$.:15/(}JT(61&=&%:$7*(((*#&2*$:(
3)((&$(('$((#*%&/(4-%$0-$,;$Q
S((0%3&:&$=5(((.5J*(((#$*(((3B*%)*(((6&((($#51G7**(((5?:*$/(((6)>%&?(;5:1G%)'((*1*:$:U
S((8&(((2$)(((#G%3$1&/(((?*(((:)(((%)#&?:*((($.:$(((3B*%W(((&X3'$%(A*3)7)'(.)161*%.U(<&J$*(,1&$(.5(>$3W(+GJ*(?:&14(
'$(>)%2(3$(.5(1(#)1251&$.35((6$%:$'"%**(((\1#$:&*((')*((\2"'>W
Y*#6(2&(2")5("1&(%&J$#(:":(0%2"6$:(3)(9"1?/(>515(i(2*.3):5#(61&$(#)':U(F)65(3&(%J$#(#$*(6):):(0%4B*7*(%*#*(
%&J$#(')%4*:(6&(.6$:&(#)'7)#*7*U
S((<G%2(((95:1G%$(((@&1#$%*&(((,$(((>*(((6*&12):(((15=9"*)'(((5.:(>*'".">&$=5(C"1:$/(?*(2)65(3&J?*(,$(>*(1&,&%*:(
6)7*%(2*%(#*=&1*(31&2(3J$?(>$3&(>"$1:&(9*%&(.5J#*(2&.3B*2()%(1&.:$)1$%:('$(;&1**(H(.5((3)#651(1)*%&'&(2&('$(
Pf$#6*%.^*_U(\?(6):&$(.5('&(*l(*&>:*%U(((Z"*(($,&$((:"$:&((2&'*3$:&.&'&h((:"3$%5(($#&1*3$%5/((3)1$(615T*:((0%(((.:*'(
$#&1*3$%/((6)*((*:$'*&%&.3(('$((3)6:"1U
S((K)((()*:$(((2&(((P6")'&:((($)(((.$%4_(((>1$%7)=&.3/(((03%!!!-05"!3"#6'&:&$=5((((8&4*"%$1)'((((#&%*)'/(
$61*%=G%2)J?*(((("((((7*4$15(P<$6"1$'_U
S((<)#($?(6):&$(.5()*:/(=G#9&?:&(C"1:$U(`*(%J"(.5()*:(%*3*(2&('&4)#&'&((41&3&?:*(((P$)((41$:*%_((.$)((2&(
615T*:)1*'&(2*%(9)35:51*$(T*25%&$.U35U00000000000000000000000000000000000000000000000000*
S((A5((($2)3*(((0%(((61$4)'(((%&9)%*&*/(((*=9)3%&?:&((p)'*).((-&*2&(>)1*".U(((<)#(((6"7*(((.5(((6"#&%&?:*(((2&(
#*=&1**'&((($'&$(T*2G%&?:*W
S((Y)(61&>&1*(#*&'(PG('$(Y)1x)&_/(%)W(0%:1&$95(C"1:$(:1)>$?U(H((.5((($#((?*(($?$((3&,$((6&%:1)(((3'*&%7*((2&J$*(
3$.&*((3$((:*%&D
S((+6&1(3J"(.5(>$3*(?*(.)65(,&%&=)&'&$%5(2&(6&?:&D(*%:&1,*%&(@1&4"1/((('*%4G%2)J?*((9)=&'&((3156$:&((2&((>1*4U
S((F$1(((PC$&''$((Z$'&%3*$%$_W((.:1*45(((;$13&'"%$/((35751$:((6&(6&1,$=)'(((>&1&.:1&*U
S((<&(((%$*9$(((.&((6&:1&3&((($*3*W(((15.)%5(((2*%.61&((()?5((("(((,"3&(65:1)%=5:"$1&((2&((">*7&1U
S((\:&%7*)%&D(((=9*$15((;5:1G%)'/(((1*2*3G%2)J.&((3$(>)'4&1$:(?*(.356G%2)J?*((6*6$U
H9&1.:(-*%^$/(3*)%4)'/(*%:15(0%(3$#&1$(T"$.5l(0%($&1(6'):&?:&($1"#$(((9"1?)')*U
S((<&J*($.:$W(0%:1&$95(&'/(61*,*%2(3)(*%:&1&.(3&$)%)*U(\(#$*(15#$.(((6)7*%5(((3*"195U
S((c(((3*"19$(((61&>&1$:5((($(((1)?*'"1/(((.5(((:15*7*D(((:)1)*&(((C"1:$U
S((FGJ#*((.5((4).:/((=G#9&?:&((-*%^$U(C"1:$((0*(()#6'&(()%((3$.:1"%U
S((+5(6)%(?*(6&%:1)($2T):$%:W(0%:1&$95(C"1:$/()*:G%2)J.&('$(8&):%$%:)'((3$1&((.:5(('$(()?5((%&1,"./((3$(("(
45*%5((6&((")5U
oe
S((K)(((6)%&(((0%:1&951*(((.:)6*2&/(((C"1:$/(((15.6)%2&(((61*%:1&(0%4B*7*:)1*(((H9&1.:)'U(((!&:*3&%:/(($2T):$%:)'(
61*#&?:&()%((3$.:1"%(6'*%J"3B*U(((K)(((6"$:&(((.5J?*(($.3)%25(((1&7*%&1&$((>$75((2&((:$'&%:)'(3)'*%$1($'(')*(C"1:$U(
K)(LJ$1(.)161*%2&(.5(>*&(0%(3*"195("(":1$,5
3)(&>&3:((1$6*2U
S((cX3&'&%:5((3*"195/((&X3'$#5((H9&1.:(-*%^$(0%3G%:$:(?*((0*
0%:*%2&((')*(((C"1:$((3$.:1"%)'((4"'U
S((F$/(.5(:15*7*/(I%:&1#&%.3B&%**(5?:*$(?:*)(3&J*($*$(B$'&$'5/(.5(:15*7*/(1&#$135(C"1:$(6'*%(2&($2#*1$7*&U(\1(
:1&9)*(.5(#G%3$7*("(2$:5(+&'*$%^$/((2"#%)'&U(((c("(.)65(2&(."#"%/(.5(:15*7*D(H(61&45:&.3(6&(6'$T&'&(2&('$(
A$1&$(K&$415U(c)($#(4).:$:J"(3G%2(#J$#(2).(0%(,*=*:5('$(61*&:&%)'(#&)(+&14B&*(+#*1%",/(2"#%)'&U(c(
9)35:$1J?&>('$(PA":$%)'(3&%)?*)_/()%(1&.:$)1$%:(2*%(\:&%$U(+&'*$%^$((')*((LJ$1(.3"$:&(?*(6&(+:$'*%($>$15(2*%(
f1&#'*%U((\#(1&7&:$/((.5((:15*7*/((6"$:&(("((2"1*7*((?*((2)#%&$,"$.:15W
S(K)/(((C"1:$/(((#)'7$#/(((%)((($=*/(((.)1G2&(((H9&1.:(((-*%^$/(A:G%2)JL((3)(#G%$((6&()#51U((0%:1J"("15(
6'&35#U((CG.:1&$=GJ7*(3$'#)'/(;&*&1/(*(.&($21&.&$=5(&'(;5:1G%)')*U(<1&2(35("(.5(*%:15#(0%:1J"(((:1&$95((:$1&(
)1G:5U(((C"1:$((?*((<1&):=>&'2:/((>515((*&?*1*((2&(4<565:)*$'5(.$)(T$>)1*D(((F$35(($)2(35(>$3&7*(6"1351**/((*%.:*:)*(("(
Y6)1:&(A$17*$'5(2&()14&%75(?*(%J"(.5(,5(:1&3(%*#*3(3)(,&2&1&$D(6$>)'((&(("((61"9'&#5((41$,5U
V(S(\#(0%7&'&./(.5(:15*7*/($#(0%7&'&.(6&1>&3:/(2"#%)'&D(3G1G*&(C"1:$/(3)("(,"3&($#$9*'5U(\#(,5=):(
$,&1:*.#&%:&'&($>*?$:&(6&.:&(/T:":/(.5(:15*7*D(p$>)'($:1$4&(2)65(.*%&(?:1&$%4)'U(H9&1.:(-*%^$/(.5(>&:1G*7*/(
6&1#*:&7*(.5(1$6"1:&=/(.)%:&#(2&.:)'(2&(2&=4B&7$7*(?*("(.5(E%&(7*%&#(#G*%*'&($3$.5(3$(.5(%)(%&($12&#U(\#(
,5=):($>*?&'&/(.5
615*7*D
0%()1#5:"$1&'&(2")5=&3*(2&(#*%):&/(A*3)7)'(?*(C"1:$(.>51G#5()?$()%&*(6*,%*7&(?*(:1&3(61*%(3&&$(3&(>).&.&(
"2*%*"$15(1&?&2*%7$(#$*"1)')*U(!5.3"'&.3(.&1:$1&(?*(2)'$6)1*/(1*.*6*%2)J'&(3"%7*%):)'(6&(6"2&$U(K)(2&.3"6&15(
%*#*3(*%:&1&.$%:(?*(:1&3(0%(3$#&1$()1#5:"$1&/()%2&(2$)(6&.:&("(.:*3'5(2&(,"235(0%:1J)%(3"?(2&
4)%"*U
S(-$*(.J"(?:&14&#(2&(61$>/(.6)%&(C"1:$(2)3G%2(.:*3'$('$(4)15U(F)65(3&(.3)14(?*()':*#&'&(6*35:)1*(2*%(.:*3'5/(
0?*(3"%:*%)$(6&1*6')'(2*%:1J"(3$#&15(0%($':$/(1G=G%2(?*(3B*15*%2U(CG%5('$()1#5/($T)%4(0%(2"1#*:"1/()%2&(
:1"%&$=5()%(6$:(2&#"2$:(2&(2*#&%.*)%*()1*$?&U
A*3)7)'($2)'#&35(61&3)#()%(3G*%&(2&(,G%5:"$1&(3$1&($(2$:(2&()1#$(,)'6**U(+&(.:1&3"$15(2&(6&(#$14*%&$(
6$:)')*(:"3#$*(.)9(6*'":$(41&$/(7515%&$.35U
S(C*./(6*./(6*./(6*.D(,*%&(2&(.)9($?:&1%):)1*(4'$.)'(.5)(0%>)%2$:U(A&'"%)'(*(.&(*,&?:&('$(3$65:)'(6&1%&*U(
A)*&1&D(.>"15*&(&'V
9'
?*(.&($>)%25(2*%(%")(61*%:1&(3&$1?$>)1*(3$("(%&,5.:)*35(0%(4$)1$(*&6)1&')*U
C"1:$(0?*(9$45(3$6)'(61*%:1&(>$'2)1*(.5(,$25(3&(>$3&(A*3)7)'U(K)JL(45.&?:&/(.&(.)*&(6&(&'/(0%3&6G%2(.5(3B*75*&(
3$()%($1*3*(0%:1J"(%"$6:&(3$'25(2&(,$15U
8$(0%3&6):/(A*3)7)'(%)J.*(2$(.&$#$(35(C"1:$(&(3&'(3$1&(.&('5>G*&(0%(6$:U(+&(*.35("(0%3'&?:$1&(.3)1:5/(2$1(
,*"'&%:5/(0%()111)*(351&*$(6*'":$(&(.>G?*$:5(2&('$()%(3$65:('$($':)'U(C&%&'&(=9"$15(*%(:"$:&(2*1&37**'&U
+&(1*2*35(0%(3$6)'("$.&'"1/(>*&3$1&('$(3G:&()%(3$65:($'(6$')')*/(?*(61*,&.3($#&7*7*(0%(T)1U(C&%&'&(.&($?:&1%(0%3&:(
6&.:&(&*/(>53G%2)J*(.5(.&#&%&(3)(2"*(6&.351)?*(0%(:"*)'()%&*(>)1:)%*U
A*3)7)'(45.&?:&(0%:1J"('$25(6'*%5(3)('&%T&1*&(%*?:&(3B*'"7*(1"?*l(3)(,"'5%$?&(2&(2$%:&'5(?*(3)(%$.:)1*(0%(6$1:&$(
2*%(>$75/($?$(3)#(&1$(#"2$('$(0%3&6):)'(.&3"')')*U
S((+>G%:5(]&3*"$15(2*%(f$=$%/(3G:$#$*(>)%2)'(:1&9)*&(.5(>*($3"6&1*:/(.:1*45(C"1:$/('*%4G%2)J?*(9)=&'&U(<1&2(
35(%)(*J$1(6):&$()#6'&((%*3*(((#53$1(()%((3$'(((2&((:1$37*)%&D
S((E.).(%&(*)9&?:&/(*%:"%&$=5(A*3)7)'U(F$35($1(>*(>".:($*3*(3)1)'(5'$/(3)(:":(1&.:)'(2&($33&."1**/(%&J$#(>*(:1$.(
?*(%"*(%*?:&(9)2*45*(((:1*)%4B*)'$1*D
S((A)*&1&/(((.).6*%5(((C"1:$(((,*.5:"1/(((0%41"6G%2)J?*(((>$7$(((0%(3B*'"7**((1"?**U(((]"1%5*&(?*((#G1G*&(3$()%(
#":$%(0%:1J"($,&%:)15(%"3:)1%5U
S((FGJ#*((3B&.:**'&(($'&$/((3&1&((A*3)7)'U
0?*(:1$4&(9)2*4G**(1"?**(6&.:&()%*>"1#5U(C"1:$(0*(25(?*()%(.):*&%(*#&%.U(+&(0#6*&2*35(2&V#$.3$(2&(4$=&(?*("(
$1)%35(6&(>&1&$.:15U
+):*&%)'(&()#6'):(3)(2")5(3G16&(2&(?:&1.(6&(T".(?*($1$:5(3$(2")5(,G1>)1*($'&(\'6*'"1U(F&.3"6&1*1&$()%)*(3"1.&:(
2&#"2$:($61"$6&(35(*.35("(95:$*&U(CG%5(E$()1#5(0'("97*%&(C"1:$U
+&($2#*15($#G%2"*(0%01J"("4'*%25(#$1&U(<"1.&:)'(&(>"$1:&(>1)#"./(0#6"2"9*:(6&.:&(:":(3)(:1$%2$>*1*(?*(
>'):)1*U
S((F&((3&((3)((>'):)1*W(0%:1&$95(((A*3)7)'(((2).((6&(4G%2)1*U
S((c(>"$1:&(3'$1/(.6)%&(C"1:$(3$()%(9)%(3)%".35:"1U(m9"$15(2&((6&((&'((?*(($2)3((9519$7**(((2*1&3:(('$((7*%:5U
0%:1J)%(2)'$6(45.&.3("(65'51*&(#$1&(?*(%&$415/(0#6"2"9*:5(3)(3*1&?&U(C"1:$("(3"%>*.35U
S((<&J$*(((=*3&(((.J"(((6)%&#(((1$6*2W((0%:1&$95(((&'/((()%2)*%2)J?*(3"$6.&'&(((?*(((*#*:G%2(((#&1.)'((()%&*(
:G1>&U(((H(((6)*(((6&%:1)(((=&3&(9)#G?:*W(3B*3":&?:&(&'/(.:G%2('$(>&1&$.:15(?*(:1*#*7G%2(9&=&'&()%)*(41)6(2&(
#":"3*3'*?:*(3$1&JD(61*,&.3(0%#51#)1*7*/(3$(?*(3)#($1(>*(#$1:"1**((()%&*(((#*%)%*U
J(07*((($15:(((3)1)V((('$(((T)#$V(((2&((61&7/((1$4&((A*3)7)'((154)?*:U
>)
S((-$*2&7*/((95*&7*D(('&(>$3&((C"1:$(.&#%(3)(3$6)'U((8)$7*J,G(9*'&:&((2&(*%:1$1&U((m&3&(6$1$'&(6&%:1)(6"=*7*$(
3'$.*35(4&1#$%5U(C&%:1)((($1:*>*3**'&(((>1$%7)=&?:*(((6'5:*7*(((2)9')U(((`*((2$35((,1&7*((.5J*(,&2&7*(("(2$:5(3)1)'(')*(
+"6B*&/(,5(3".:5(%)#$*(2")5(#513*U
A*3)7)'(.&(3$7515(6&(6&1,$=)'(>&1&.:1&*(?*J?*()%2)*&?:&(31)6$U(<B*'"7**(1"?**(>'):)15(0%(,G%:U
C"1:$(>$3&("(#*?3$1&(.3)1:5(3)(#G%$(?*(.3)*65(0%(=56$25U
S((K*3*("(?$%.5/(21$4)'(#&)/(0*(.6)%&(A*3)7)')*U(c(>"$1:&($2&,51$:(3&(.&(.6)%&('$(31G?#$(P<1"3"2*')'_h(
4&1#$%**(.)%:(&X$3:(3$(?b*(]**B1&1)'('"1U(8*(.J$)(#*3?"1$:(2&(:":(#52)'$1&'&(0%(>1*4D
0%3B*2(>&1&$.:1$(3)(=4"#":U(A*3)7)'(.&(0#6*&2*35(?*(3$2&(0%:1J)%(9$'$%."$1(3$1&JL($=,G1'&($>$15(6&()?5/(
1$=$%:(3)(6&1&:&'&U(+&("61&?:&(0%:1J"(35#51)75/(0%(.6$:&'&()?**/(?*(61*,&?:&()*#*:(0%
p)1J((((((/
S((0%3":1"W(0'(0%:1&$95(C"1:$/(>G'>G*%2)J?*(65'51*$(3)(3*1&?&(0%
21&6:)'()?**(.6$1:&U(A*3)7)'(%)(15.6)%2&/(2$1(0*($1$:5(:53):()%
.&*>(,&3B*/((0#6"2"9*:((3)("(.:&$(1"?*&/(3)(.&3&1$(?*((3*"3$%)'U
C1*,&'*?:&$(0'(0%,*"1&$=5(*#&2*$:(6&(C"1:$U(AG%4G*&(:$%21)
#&:$')'((.&*>)')*U
S((0%:":2&$)%$(#*J$#(2"1*:(.5(0%:G'%&.3(6&(3*%&,$(3$(:*%&/(0*
#51:)1*.&?:&((&'U
S((\*(41*T5/(*%:&1,*%&(A*3)7)'(.).6*3*".U(+J$1(6):&$(3$(.3G19$(p/(2&((E,$%(.5(>*(61&45:*:("(#*35(.)161*=5(
6&%:1)(%*?:&(&,&%:)$'*(_h(3)1*"?*((3$((%"*U
S((K)(((&?:*(((61".:((2&4&$9$/(((.6)%&(((C"1:$(((3)(((.)6&1*"1*:$:&/(&X$#*%G%2((((.&*>)'((((#*'*#&:1)((((3)(
#*'*#&:1)U((((\6"*((((0%3&$135
/($#G%2"*(.5JL(:1$45(2&('$(6&1&:&/(2$1(%)(1&)?&.3U(@5.&.3(2"*(21)4*(2&(>*&1/(2$1(%*3*($?$(%)JL(6":(3'*%:*U(C"1:$(
.3)*65(6&(.:&$)$(1"?*&(?*($#&%*%75(9'"3)'(2&(>*&1(3)(6)#%)'U
S((\?:&$6:5(%)#$*(6)7*%/(%&#&1%*3)'&/(.&J%>)1*&(A*3)7)'/(07*($15:5#((%"*((2&()%2&J?*(')$((A"*.&(9&1&$D(
F"$1(%)J7*(0%3B*6)*(3J$#(95:):(:":(21)#)'(5.:$(0#6)7*:(6G%5J%(!).*$(3$(.5J7*(9$7*(:)
T"3((2&((%"*D
S((F1$3&D(=*3&(C"1:$/(0%4G%2)1$:/(#5.)1G%2(2*%("3B*(3$13$.$(2&((>*&1U(((Y1&9)*&((.5JL((#):5#((%&$651$:((2&(
'$((6&1&:&U
S((F$V(2&(3&W(((0%:1&$95(A*3)7)'/(>515(.5(#$*(61*3&$65(%*#*3U(I?$(&(0%(>$75/(%)W(<G%2(,1&*(.5(*%:1*(0%:1J"(
3$.5/(2"$1(%)(:&($6)3*(.5(.6$14*(6&1&:&'&(2*%(.6$:&/(3*(>"'".&?:*()?$/($?$(#*(.&(6$1&D
S((@)1$/(?)*&15(C"1:$(&%&1,$:U(<)(.&*>)1*'&(&($':3&,$D(I?$(2*%(>$75(&(6&%:1)(5*$(3$1&(?:*)(3*>1)'U(<)(3G:(0'(
>1&3*(#$*(#)':/(3)($:G:(&(#$*(41&)(2&(2&.3B*.U(Y1&9)*&(.5(0%3&135#(6&()?$(2*%(.6$:&U(c1$(9*%&(.5(>*($,):()%(
.$:G1U(\?$($#(>*(45)1*:(>"$1:&()?"1(>".*'$($.:$((2&(('$((>*$1&((,&3B*U
>(
S((\1)%35:"1)'(((2&(((>'5351*(((%)J*((((9)%W(((.)4&1&$=5(((A*3)7)'(%&15925:"1(((;$!!!6'&$35(((*#&2*$:(((.5JE((($2)35U
S((8$.J"(9$':5/(2&?:&6:)'&D(0*(1&:&$=5(C"1:$($,G%:)'U(+J$1(:"6*(:"$:5(3$13$.$/(6').(3&(&(0%5)%:1)U(K"*(%)($2)%5#(
>*&1(,&3B*(?*U(#$*((#)':/(%J"(.$(*&?*#(2*%((15=9"*)'(5.:$('$(>&'(2&(.51$3*(3)#(&1$#((('$(((0%3&6):U
S((+J$1(6):&$(.5($*(21&6:$:&('$(>$=$(3)(.6$1:)'(.&*>)1*'"1(61*%(.6$:&/(.6)%&(A*3)')*(4G%2*:"1/(.3516*%G%2)J.&('$(
61"B$9U((LL(6*(#*%:&(6&(95*$:)'(9'5%$1)')*(T*2$%(2&(6&(-&*%(-"a&1.:1$.U.&(3$1&($,&$()%(3"'&4/((95%)*:($(>*(T*2$%/(
'535:)?((((6&(;31B%$12(K"3B:J.:1$..&W(E%2*,*2)'(5.:$(.&("3)6$(2&(.&*>)1*/(.&1:$1&(?*(:1&9)1*(2&(4&%)'(5.:$U(8)$(2*%(
.6$:&(:"$:&(3B&.:**'&(3)(3$1&($,&$(2&J$(>$3&U(\.:$(LJ$(.*(:&1#*%$:(6G%5('$()1#5U(<B&.:"1)'(?&>(K$..(.*(95*&7**(')*/(3)(
65'51**'&(:1$.&(6&("3B*/(2&('$(F$,*2(+:$:*"%/($)(6).(6G%5('$(()1#5(4B&$1$(6&('535:)?/(3$1&(:":)?*(%)(&1$(T*2$%U(F&(
>*&3$1&(2$:5(3G%2(.&(252&$("(4$)15(0%:1J)%(.&*>/(95:1G%)'(K$..(?:*$(35($):"1)'((:1&9)*$(.5(>*(>".:('535:)?)'U(<1&2(35J
7*(2$*(.&$#$(3&($()1#$:/(((0%:1J"(((2*#*%&$75/(((0%$*%:&((.5((($6$15((('56:$1)'/(((95:1G%)'(K$../(0%."j*:(2&(3Gj*,$(3"6"*/(
$(2$:(9)=%$(*%(3$.$(('535:)?)')*/(3$1&(:"3#$*(,*.$('$(.&*>)1*(2"'2"1$(2&(9$%*U(H(.5(#$*(:1&$35(,1&"(2")5=&3*((2&(($%*(
6G%5((.5J?*((.3"$:5(((%$.)'((2*%(((>()B'.9)::&'U
S((F$1(6&%:1)(35($.:$(3(61*#$(%"$.:15(0%:G'%*1&(3)()%(?&**(.",*&:*3/(%J"(.5J?*(0%3B*6)*&(%*#&%*(35(:"3#$*(%"*/(2"*(
4&1#$%*(&'*9&1$:"1*/(((LJ$#(((45)1*:/((.6)%&(((C"1:$(((%&65.5:"1/(((0%3&6&((.5(((.&(T"$3&((3)(((3*>1)'U
S((C$135(((&((("(((.:$>*&((2&(((&#*.*&J1&3&6:*&/(((1&#$135(((A*3)j)'U
S((Y":)?*/((((>1&3,&%:$(((&(((6)7*%((((2*>&1*:5/(((.)1G2&(((C"1:$(((3)(*%2)'4&%75U(((<$((.5(((:&(T"3*((3)(((9):"$%&'&()%)*(
1$2*"(:1&9)*&(.5(6'5:&?:*U(((<)(((5.:$((.6&1((.5(((61*#*#(((9$%*U((2$35((45.*#(((>1&3,&%7$(6":1*,*:5U
S((<5(,&%*(,"19$/($*(0%3&13$:()?$W(0%:1&$95(A*3)7)'(61$3:*3/(0#*($2)3($#*%:&(2&(=*)$(0%(3$1&(F$,*2($'(T*2$%)')*(?*(
3)(#*%&($#((2$:("(1$*:5('$(#$4$=*$()%)*(3"%3)1&%:/($,G%2(3)(%"*(()%(.6&3*$'*.:(0%(91"$?:&(?*('$35:&U(F)65(3&($(
:1&95')*:("("15(0%:1&$45/($(2&.3"6&1*:(35/(2&(>$6:/()?$(%)(&1$(0%3)*$:5U(cX6&1:)'(%".:1)($(>".:($:G:(2&(1)?*%$:(0%3G:(?*J
$(')$:(:5'65?*7$(?*(.J$('5.$:()#>'$:(2&()%)'(((2*%(((#$*#)7"**(((')*(((K$..U
S((\*((6&1>&3:5((21&6:$:&/((=9*$15(((C"1:$/((2&.3B*=G%2(3)((41&)()?$U
<G%2(A*3)7)'(,&2&(:&$%3)1*'&(2&(9$%3%":&/(1G2&($:G:(2&(:$1&(*%3G:((B"B":&'&((.$'&((61","$35(()%((&3")((6):&1%*3(0%(
:"$:5((3$.$U
S((A*'*"$%&D(((?"6:&?:&(((C"1:$(((&X:$=*$:U(((8$((%$*9$/((#*'*"$%&D(KJ$#(#$*(,5=):(%*3*"2$:5($:G7*$(9$%*('$()%('"3D(
+'5,*:(>*&(9)%)'(F)#%&=&)D(*%:"%&$=5(&'(3)(61*,*1&$(1*2*3$:5(.61&(3&1U(Z"*(*%:1$
U(&$(:5)(3)(61*#$("3$=*&D(`*(2$35(2$)(2&(,1&)%(654G%(0%(*$15($.:$/("(.5JL($1$%T&=(3)#(.&(3),*%&D
b(+)%:(>"$1:&(#)'7*(6&J$*3*U(A$*(#)'7*(2&3G:($*(6):&$(:)(.5(%)#&1*/(.:1*45(A*3)7)'/(>1&3G%2)J?*(#G*%*'&(0%:"3#$*(3$(
)%(T*2$%(3$1&($(1&)?*:(.5(:1$45(6&(.>"$15()%($%:*.&#*:U
bb(0%(3)1G%2/(>*1#$#&%:)'(&3"%"#*3(,$(>*(0#6"2"9*:(3)(0%35
2"*(!"3^&>>&''&1*/(61&=*3&(C"1:$(.$:*.>53):U
S((<$1&J.((($*$W(((0%:1&$95(((A*3)7)'(((61".:&?:&U
S((I*:GJ:&J%("4'*%25/(0'('5#)1&?:&(C"1:$U(C&()%)'(2*%:1&(&*(0'
,&*(((,&2&$((($3"'"U
S((+>*%:&(F)#%&=&)'&D(K)J#*(,*%&(.5(31&2/(&X3'$#5(A*3)7)'/
61*,*%2)J.&((($:&%:(((0%((("4'*%25U
S((\3)#(%)(#$*(:1&9)*&(2&3G:(.5(%&(65.:15#(.G%4&'&(1&3&/(.6)%&(((C"1:$/((#G%4G*%2(($>&3:)".((:&$%3)1*'&((2&(
9$%*U
S((K*3*(((%J$,&#(((,1&"((($':5(((?$%.5(((0%(((*$1%$((($.:$(((1).&$.35/(15.6)%2&((A*3)7)'(((%&65.5:"1U
S((F&($=*(0%3"'"/(3"%:*%)5(C"1:$(&%&14*3/(.)%:&#(#)':(61&$(9"4$7*(((3$(((.5(((%&(((#$*(((*%:&1&.&=&((15=9"*)'J(')*(
\2"'>U(((F)J:&((0%(6*,%*75(((?*((($2)(((2"*(((.$3*(((#$1*U(((C'&3$#/(((:*%&1&D
S((]V51G(((.5(((%&(((')5#(((15#$.(((9)%(((2&((('$(((3&*'$'7*W(((0%:1&$95
A*3)7)'((()')*:U
S((F&J$3)#((%)J*((#$*(3)%"$?:&#/(0'('5#)1&?:&(C"1:$U((F$35(:1$%.6*15(3&,$(2*%(3&J$#(>53):/(%)(#$*($6)35#(.5(
>*#(9"4$7*(#)':((:*#6D(((p)'*).(("((.5((.6)%5((35((9$%**(($6$17*%((.:$:)')*(?*((35(:1&9)*&(3"%>*.3$7*U(y*%&(#*%:&(3&(7*J
$#(.6).h(65.:1&$=GJ7*(.G%4&'&(1&3&D(Y1&3):)'(%".:1)(&(0%41"6$:D(<"9"$15(0%(6*,%*75(?*($2)(2"*(.$3*U(((+5(((>*&(
>"$1:&/(((>"$1:&(((#$1*U
S((0%$*%:&(.5((#5(.3B*#9(0%((B$*%&(3*,*'&/("(.5(#5(3$3(0%(6$%:$'"%**(2&($1#$:5(5*(')*(\2"'>/(61"#*:&(A*3)7)'(?*(
$'&$145(0%
6*,%*75(((>')*&1G%2U
S((\7*(45.*:(3&,$W(=9*$15(@1&4"1/(*%:1G%2(6&(>&1&$.:15/(0%."7*:(2&(((\'9&1:/(((3)(((2*%7**(((.5*(((.:15')3*:"1*U
C"1:$(0%3B*2&(1&6&2&()?$(.&*>)')*(?*(.&(4159&?:&(.5('&($9$:5(61*,*1&$((2&(('$((35#51)75U
S((!$B$:D((((15.6)%2&(((&'((((*%2*>&1&%:/((($15:G%2(((3$((()%((((')6(3*"95%&.3U(((\'9&1:(((,&2&(((3"1.&:)'(((3)(((>'):)1$?*(
?*(((:1$%2$>*1*(((?*
=9)3%&?:&((0%:1J)%((B"B":((2&((1G.((3"%,)'.*,U
S((<(&J*($.:$W(K")$($1#5(.&31&:5($(')*(\2"'>W(9"'9"1".&?:&(@1&4"1((61*%:1&(((.)4B*7)1*U
\'9&1:(.31G?%&?:&(2*%(2*%7*(0%(3'*6$(0%(3$1&(,&2&(6&(6&1&:&()%(6"1:1&:($'(')*(+:$'*%(3&(.31):&$=5(0%356&1&$(3)("(
61*,*1&(31)25U
S((U-[!<$!4-9$<-,$,5!/3<-($;*$Q\!1$4&(&'/($#&%*%7G%2(:$9'")'
[(<)#((("(((#$*(((2)3*U(((:",$15?&W((jE9U(((1).5kU
nd
3)(6)#%)'/((3$(?*(3)#($1(0%3&13$(.5(2"#"'&$.35(.54&7*'&(2*%(61*,*1&$((4&"14*$%)')*U
A*3)7)'(($6$1&((3)((2"*((.$3*(((#$1*(('$((.)9.)"$15U
S((\>$15/(1$B$7*'"1/(.&(15.:&?:&(&'/(>'):)1G%2(.$3**(.61&(&*(3$(?T(3)#($1(4"%*(%*?:&(45*%*U((K)((?:*$7*(35((&(
*%:&1=*.(.5(,*"'$7*(({(61"61*&:$:&((6$1:*3)'$15W
S((8$(3&(,5(:1&9)*&(.$3**W(0%:1&$95(@1&4"1(3)1*"./(6*65*%2(7&.5:)1$((2&((3G%&65U
S((\#(61*#*:("12*%((.5(3$#)>'5#(>&1&.:1&'&/(1&6'*35(C"1:$(*#&2*$:/(((6&%:1)((($(((&,*:$((()%(((15.6)%.(
%&3)4&:$:(((2*%(((6$1:&$(A*3)7)')*U
S((F1&6:(3*%&(#5(')$7*W(A5(31&2&7*(31&:*%/(.$)(3&W(6)>%&?:&(@1&4"1U(\7*(45.*:(3&,$/(G.:$J*($2&,51)'U(K)J#*(
#$*(,*%2&7*(#*&(4"4"?*D((\#((>".:(($%3B&:$:"1U(((Z5(((#*1".((2&(('$(("((6"?:5D
S((F$35(%)J7*(7**(4)1$(?*(%)(6'&3*(2&($*3*(3)(.:1*4"*)'(5.:$(%&41)/(3$(.5(%&(>$3&#(:1&$9$/(,5(3$'3(0%(6*3*"$1&D(
1$4&(>)1*".(A*3)7)'/((($#&%*%7G%2)J*((3)((6)#%)'U
S((c(((3&,$(((2&".&9*:/((("#)'&D(((&X3'$#5(((\'9&1:(((6'*%(((2&(3)1*"=*:$:&/(7"65*%2(6&(3$%$6&$U(]$3&("(:)#95/(
.&("61&?:&(.:G%2(0%(((#G*%*((?*((.&(()*:5((.)9((3$%$6&$U
S((Y&(T"3*(3)(."$1:$/(:G1G:)15($>1*3$%5(3&(&?:*/(#G1G*&(C"1:$/(&X6&2**%2(()%(((?):(()%&*(6&1%&/((3$1&((=9"$15(
2*1&3:((6&(('$#65U
S((F$V(=5)(35($*(21&6:$:&/(1G2&(\'9&1:(?*(.3"$:&(2&(.)9(6$:()%((9*2"%((3)(()'&*U
S((Z1&*(.5J7*()%4*(>)2)'**'&(?*(.5(:&(2)3*('$(:*%&J%(\>1*3$(.5(2"1#*((6&J)%((6$:((2&((3)*&W(0%:1&$95((A*3)7)'(
:)19$:((2&((>)1*&/(0%3&13G%2((.5J*((:1$45(()%((?):((')*((\'9&1:U
S((F&(3&(%)W(1G%T&?:&(\'9&1:(?*(:1$4&("(2)?3G(2*%(9*2"%U(A*3)7)'(0?*(')%4&?:&(4G:)'(3$("(9$1=5('$(,G%5:"$1&(
2&(91"$?:&U
\2)'#&35(($&1)'((0%((2*1&37*$((9*2"%)')*((3)(()'&*U
S((<153*)%(((>&1*3*:(((:):)1"1D(((`%$6.(((2&(((61)%&D(((=9*$15(((&'/(.#)'4G%2((9*2"%)'((2*%((#G%$((')*((\'9&1:U
S((F5J#*((?*((#*&((.5((4).:/(((3&1&((C"1:$((?*((.&(($):".&1,&?:&U
S((\'$1#5//($'$1#5D(((,*%&(()%((.:1*45:((2&(($>$15U
H(6)?35J#*:1$'*&15('$:15(3)(>)1*&U(A"1:*&1&'&(9)9)*&(0%(%"$6:&U(I%(H9&14&>1&*:&1(:$%3B*.:(.&(3$7515(6&()%(
.3$)%/(0%(21&6:)'(:$9'")')*(')*(+:$'*%U
S((I%3B*)'('".*>(6"$:&(>*()%(3$2")(>1)#)?&'U(H(.5(2&$(>"$1:&(9*%&(2&$.)61$(3$%$6&'&*(2&($3$.5/(2*%(f"'%/(
3G%2(.J"(:&1#*%$(15=9"*)'U
S((K)JL($:*%4&D(7*65(@1&4"1(3)61*%.(2&(6$%*35/($1)%3G%2)J.&('$((65#G%:U
\'9&1:(.$1&(2*%:1J)%(.$':(0%(.6$:&'&(3$%$6&'&*/($*2"#$()%&*(6*.*3*(3$1&J"(=9)4B&?:&(2*%(3$'&$()%)*(')6(
$'.$3*$%U(C"1:$(.&(4B&#)*&?:&(2)65()%(>":"'*)(0#61&)%5(3)(A*3)7)'/(3$1&(?*J$
>+
$.3)%.(3$6)'(3$(.:1)7)'U(C5'51*$(0#6"2"9*:$(3)(3*1&?&(>G'>G*&(0%($&1(3$(("((6$.51&((15%*:5U
0%:1J"((>1$37*)%&(2&(.&3)%25/(@1&4"1("9.&1,5(>*1)'(.)97*1&/(%&41)/(('&4$:((2&((:$9'")/((3$1&((.&V.:1&3"$15(61*%:1J
"(4$)15(.)9
:$6&:U
cX6'"=*$(.>51G#5(:"$:5(3$.$U(8*#9*(')%4*(2&(>"3(.&(0%$'75(.61&(3&1U(\3"6&1*?)'(6$1&(35(.&(.61*T*%5(6&(31&$.:$(
>'5351**U(C$135($1(>*(.>G1?*:)'(')#**U(cX6'"=**'&(.&(.)33&2(0%('$%7(?*(3)61*%2(0%:1&$4$(.:1$25U(<$.&'&(.&(
6159)?&.3(?*(3&1)'(&(*%,$2$:(2&("(')#*%5("19*:"$1&U(+&(,&2&(3$(=*)$U(+)>')'(0%,5')*&(.:1$2$(3$("(:"1%$25/(
#5:)1G%2(:":(3&J*(.:5(0%(3$'&U(I%(3$#*"%(.&(1".:"4"'&?:&(3$("(T)351*&U(\'9&1:(=9"$15()1'G%2(6&.:&(1)*%&'&(
6&1&:&')*/(3)(3$%$6&$(3)(:":U(\3&$.:$(.&(.:1*,&?:&(3)()%(=4"#":(*%>&1%$'(2&(6&1&:&'&()%&*($':&(3$.&(2&(6&(
3&$'$':5(6$1:&($(21)#)')*/(0%(352&1&/(\'9&1:(=9*$15(3$()%(6"13(0%T)%4B*$:/(1".:"4"'*%2)J.&(?*($4*:G%2)J?*(
#G*%*'&(?*(6*3*"$1&'&U(c(61"*&3:$:(0%:1J"(9$':5(0%4B&7$:5/($'5:)1*(2&(@1&4"1U
S(E.).&/(0%4$*#G(&'U(\.:$(6):&$(.5("#"$1&(?*()%()1.(41*=='aU(H$#&%*(15%*7*(2&(#"$1:&(.:1*45(2)65($T):"1U(
ZG',5:5*'&(2&(>"3(')#*%&$=5(=56$2$(#)12$15U(c(3$("(&1)67*&(,)'3$%*35(3&(6$1&(35(%)((.&((#$*((.>G1?&?:&U(
Y":)?*((.&(("61&?:&D
<&*(1G#$?*(0%(,*$75(0%3&$135(2*%(15.6):&1*(.5(.&(1*2*3&U(+)%:(0%(.:$1&(2&(?"3(?*(3"#6'&:($.)1=*7*/(0*(2"1(
)1&3B*'&/(2&(6$135('&J$1(>*(.:156)%.(3*%&,$(:*#6$%&'&(3)()%($3(0%1"?*:(0%(>"3U(C1&7(2&(3G:&,$(#*%):&/(.)%:&#(
*%3$6$9*'*(.5(61*3&6&#(3&(.&(0%:G#6'5(0%(T)1U(K&(3)61*%2($33&.&($3):&(2&(%&9)%*&U(C&.:&(:":(=$3(0#615?:*$:&(
B$'3*(2&(3$1%&(?*($?3B**(2&("$.&U(CG%5(.*(6"#**(3$1&(.:1GT)*$)(.:1$2$/(2&("(6$1:&(?*(2&($':$/($)(>".:(.#)'?*(2*%(
15253*%5/(2*.651G%2(:$15()1#5U(!)?*(?*(%&#7*/(3*,*'*(?*(#*'*:$1*(6$%*3$7*($'&$145(0%%&9)%*7*U
I%(.&14&%:(1)./(3)()%*>"1#$(9"7*:5(?*(0%%&41*:5(2&(>)%*%4*%&/(0?*(2&.3$135(0%($&1(f$'$?%*^",)'/($6"*(0'($1)%35(
?*()1'5h(h3!<!/<3$!0-B$"!0*(>1G%4&(4G:)'(3)(#)3B*$(6$'#&*()%)*(]&'2R&9&'(3$1&(25(.5JL('",&$.35U
H(#":"3*3'&:5(3)($:$?(6'*%5(3)(6)?:*J#*:1$'*&1G(?*(#)%*7*&(&.:&(15.)3*:5(0%(T)1)'(15#5?*7&'"1()%)*(B"1%U(F*%(
$:$?($:G1%5()%(:1)6(0%.G%4&1$:U(\'9&1:($(')$:J"(1$=%$U(+&(:G15?:&(0%(6$:1)('$9&(?*()1'5(3$()%(3G*%&(:)19$:/(0?*(
1&,*%&(2"$1(0%(3'*6$(0%(3$1&(C"1:$(0*(25(3$.3$(2&("7&'U(8$(.6$:&/(9)=$(35?:**($(>".:(3"#6'&:(.#)'.5U(\'9&1:("(
61*,&?:&("(3'*65(>515(.5(61*3&$65(%*#*3/(0?*(6*65*&(31&?:&:)'(3$6)')*/(3$(?*(3)#($1(,1&$(.5(>*&(.*4)1(35JL(#$*(
$1&U(0?*(0%$'75(61*,*1&$(.61&(3&1)'(6')#9)1*)/(0*(#)'7)#&?:&(')*(F)#%&=&)(?*(:):)1"1(.>*%7*'"1(3)%".3)7*(?*(
%&3)%".3)7*U(<)("3$=*$($.:$/
>,
*%,&%:&$=5($2JB"3(%)#&(%"*U(0?*(*$(3$.3$(?*('&J"($1$:5(:):)1"1$/(3$((2",$25((35((F)#%&=&)((0'(("31":&?:&U
S((\.:$((6&%:1)(((35(((%"*/(((%&41**/(((%J$,&#(((%*#*3((3"#)%(((3)(15=9"$*&'&/((2&3'$15((&'U(((!5=9"*)'(5.:$(&(
6&%:1)V$'9*(?*(6&%:1)(4$'9&%*U
S((<&(6"1351*&D(((`*(:"$:&(($.:&$(6&%:1)()%((:$9'")/(.).6*%5(C"1:$/((61*,*%2((')%4(.61&((1)*%&'&((3$.&*(
#$*"1)')*U
<G%2(,&2&(3"1.&:)'(0%="1="%$:/(H9&1.:(-*%^$(0'(*$(6&(C"1:$(2&"6$1:&U(((C"1:$(()*:$.&((35((,!!0%35((0#9153$:((3)(
&'U
S((F&(()%2&JL(($*W(0%:1&$95((-*%^$(($.61)U
S((8J$#(45.*:/(.5(:15*7*D(15.6)%2&(C"1:$/(3&&$(3&(&(2&.:)'(2&($2&,51$:U
S((I%2&(LJ$*(45.*:W(-$*D(Z1&$)($2&,51)'D(0'(.>1&2&'&?:&(-*%^$(3)((61*,*1&$/(((0%((3$1&((3$.5W
C"1:$(.&(>"*&?:&U(0%3&$135(.5(.&(&.3B*,&=&/($6&'G%2('$()%$(2*%(6",&?:*'&(')*("9*?%)*:&U(+6)%&(3&,$(2&.61&()%(
.$'"%(2&(3"$>)15(2*%(F**..&'2"1>/($'(351)*(61"61*&:$1(6)1:$(0%:":2&$)%$(3"1.&:U
S((8$(21$3)V(3)(61*&:&%**(:5*(2&('$(.$'"$%&'&(2&(3"$>)15/(0'(0%:1&1)6&(-*%^$(:5*".U(`:**(35(%)(#5(6"7*(61".:*U(
F&(3&J$(.51*:(3$.$J$*$((0%(($&1/(((3&((.J$((0%:G#6'$:(($3"'"W
S((\$$/(((2$/(((.5(((:15*7*D(((0%7&'&4/(((2"#%)'&/(((2&.61&(((&X6'"=*&(,"19*7*U(jC"1:$(.)1G2&(>$'.Uk(I%)*(
#":"3*3'*.:(*(.J$(6).(6$:$(6&(6"1:1&:)'(')*(+:$'*%(?*($(,1):(.5JL(*$U(0%:1J$2&,51/(&1$()%(6"1:1&:(1&)?*:/((.5((:15*7*D(
K"*((LJ$#(($,&1:*=$:(6&(#":"3*3'*.:/(2"#%)'&/($2*35(%)(6&(+:$'*%/(.5(:15*7*D(jC"1:$(>$3&()%(.&#%(3)(#G%$(0%(
2*1&37*$(.$:)')*(2*.:1).Uk(Y$9'")'($,&$(3&,$(2)9*"./(.5(:15*7*D(F&($.:$((,J$7*(((3"%,*%.((?*((2)#%&$,"$.:15/(
2"#%)'&D
S((\*(((6):&$(((.5(((1&3)%"?:*(((#":"3*3'*.:)'W(((0%:1&$95(((-*%^$(95%)*:"1U
S((+J$(2)./(2"#%)'&U(+J$(2).(2&>*%*:*,U(+J$1(6):&$(3B*$1(.5(.6G%=)1&(2&(3"?)'(5'$(2&(7*4'5D(F)#%&=&)'(
4&1#$%(6&2&6.&?:&(0%:":2&$)%$(((%&.)6)%&1&$/(((%)J*((($?$/(((2"#%)'&W((($2$)45(((&'(4G%2*:"1U
hS(8J$*(,5=):(#"1:W(.&(*%:&1&.&$=5(-*%^$(6&()%(:"%(:5*".U(F$35(&(0%(,*$75/(,1&$)(.5($>'&(3)#(6&2&6.&.3(&)(
%&.)6)%&1&$DV
S((\1(#&1*:$/(.5(:15*7*D(0'($61"95(C"1:$/(">:G%2(2*%(151)%3B*U(C):&$#(>*(>53)7*(61$>(3)(:"7**(2*%(*-':-!)%)*(
9&7*,(3$1&J$(,1):(%&$651$:((.5((>)1&U
S((\*(41*T5/(C"1:$/(.5(%)J7*(31&$.35($1*6*(2&(0%4&1$?U(YV&J$#(0%:1&9$:h((LJ$*((,5=):((#"1:W
S((F*%(653$:&/(%)/(.5(:15*7*D(+J$(615,5'*:(3$.$(6&.:&(#*%&D
S((<*%&((#$*((&1$((3)(((:*%&W
S((\9."'):(((%*#&%*/(((2"#%)'&U(((c1$#(((.*%4)1U(((F&6$1:&(((2&(:$9'")'((5'$/((.5((:15*7*D
no000000000000000000000J_ViiVii
S((\:)%3*(0%.&$#%5(35(*J$*(2$:/(6&(4&$#/(3B*'"7**(?*(.):*&%)'(H9&14&>1&*:&1)')*(<1&):=>&'2:/(%)J*($?$W(]$3&(
)%(.&#%(3)(3$6)'(.61&(A*3)7)'/(3$1&(:$3&(#G'3/(61*,*%2($4*:$:(0%(T)1/(.)9(*%>')&%7$(?"3)')*((&X6'"=*&*U
S((Z*%"((0%3"$3&/(((<1&):=>&'2:D(((.:1*45((>)1*".((-*%^$U(A*3)7)'((%)((1&$37*"%&$=5U(((\((($.)1=*:U
S((<1&2(35(*J$)(>".:($>&3:$:&(6G'%**'&/(.5(:15*7*D(&(2&(651&1&(C"1:$U(C&1#*:&7*(.5(1$6"1:&=/(2"#%)'&U(8$(0%3&6):(
#*J$#(6*&12):(?*(&)($)=)'/(2$1(2)65(3&(#J$#(1*2*3$:(0%(3$6)'("$.&'"1/(#*J$(1&,&%*:/(?*($3)#($)2(>"$1:&(9*%&/(
#)'7)#&.3(')*(F)#%&=&)U(\)2(6&1>&3:((:":((3&J#*((.6)%&((-&11((H9&1.:((-*%^$/((.5((:15*7*D
S((F5J7*(T".(3"1.&:)'(5.:$(:G#6*:/(0*("12"%5(.3)1:(-*%^$U(`*(:&(61&,*%/(C"1:$/(1592$1&$(#&$($1&('*#*:&D(F$35(
.$1*(6&.:&(3$'/("(.5((:&((:1&=&?:*((6&(()%2&,$((61*%:1J"((3&')'5U
S((F$/(.5(:15*7*/(31&2(35(.&(45.&?:&(0%:":2&$)%$("(3&')'5(4"$'5('$((@&1#&1.B&*#/((2"#%)'&/((.6)%&((C"1:$(
,'54)*:/(0%3&13G%2(.5(6$15(($95:):U
S((\#(((.5(((:&(((0#6)?3(((0%:1J"(((9)%5(((=*/(((61"#*:&(((-*%^$/
15.)3*%2)J.&((6&((35'3G*&U
S((0%:1J"(("15((6'&35#/(($%)%75(((;5:1G%)'/((3$1&((>).&.&(('$(("($2)%$1&($(?&>*'"1(2&(6'):"%(3)(3"#$%2$%:)'U(
<&(21$3)V($,&7*(6&(,"*W(#G1G*&(&'(>)1*".(0%(3'*6$(0%(3$1&(0*(,&2&(6&(C"1:$(3)(3"1.&:)'(?*(6&(A*3)7)'(0%(3B*'"7*U(
K)(,1&$)(.5(,5(#$*(,52(0%(B$')'(5.:$D(<&((%$*9$(("1((.5((31&$25((1)?**W
S((Z"1()*:$(.5(:1$45(0%(%"*/(15.6)%2&(C"1:$/(3&&$(3&($1(>*()%(')31)(((9)%/((:1&9)*&((.5((1&3)%"?:*D
H(6&12&$(2&(>'5351*(2$%.&$=5(0%(2&651:$1&U(F&$.)61$(.&(,&2&()%(%"1(*#&%.(2&(>)#U(Y1"#9&'&(2&($&1($2)3("(
6'"$*&(2&$.5(2&(3&%)?5U(C5#G%:)'(.&(=9)3*)#5(3$()%($%*#$'(0%($4"%*&U
A*3)7)'/(0%$':(?*(6):&1%*3/(3$()%(6$3B&:(2&(#)?3B*/(.&(*,&?:&(61*%(6'"$*$($9)%2&%:5U(Y1$9)3)'(0*(')#*%&$=5(
>$7$(#G%T*:5(2&(>)%*%4*%&U(c(0#9153$:(?*($3)#(3)(3B*'"7**(?*(0*(0%T)15(31G%3&%(6&(61">&."1(?*(6&(>".:)'(H9&1.:U(
\3&?:*$(0'()1#&$=5(&6)*=$7*/(351G%2(1&=&1,"1)'($1)%35:"1)')*(2&(>'5351*(?*('5=*'&(3)(#)%*7*&U(\&1)'(&(*%)%2$:(
2&(=4"#":&($.)1=*:"$1&U(;)9)*:)1$()%)*("9)=(2&(#"1:*&1(0'(>$3&(6&(>".:)'(H9&1.:(.5(./!$1)%3&(0%:1J)%($256".:U
S((8)$J:&J$1(21$3)V/(:&#9&')'&D(1$4&(A*3)7)'U(y*J$#(.6).(.5(%)(((:&((6)*(('$((>&1&$'5((6G%5(((%)J7*(("12"%((&)/(
1$B$:((3&(&?:*D
+&($)2&(*$15?*()%(:1".%&:(.&3U(A*3)7)'(61*,&?:&(3"%3&%:1$:(:1$*&3:"1*$("9)=)')*U(\3&.:$(3$2&(3)()%(.)%&:(
*%>&1%$'(?*(0#61"$?35(=56$2$(0%(:"$:&(2*1&37**'&U(H(.3B*T5(2&("9)=(45)1&?:&()%$(2*%:1&(.:*3'&'&(6&%:1)($65($'&(
A*3)7)')*U(Z"23$(*(.&(61&'*%4&(6&(6*3*"$1&U
S((C54G%*(1)?*(0#6)7*7*/(.&(0%>)1*&(A*3)7)'/(0%21&6:G%2)J?*(.61&(3&1(6)?3$(3)(7&$,$(1&:&=$:5U(<&(?#&3B&1*&(
#$*(&(?*($.:$W(<&
?>>
'&45:)15(($1&((,"23$((#&$((3)((15=9"*)'W
U((((S(\256".:&?:&J:&/("#)'&D(153%&?:&(8&):%$%:(;1$)%(%&1,".U(H((.5(((>**((0#6)?3$:D
S((KJ"(.5(#*(.&(0%:G#6'&($9."'):(%*#*3/(2"#%)'&/(0'($.*4)1$(A*3)7)'/(3)(,"3&$(')*(1)4*%*:5/(2&(9$.U(KJ"(.5(
#5('$.(3)157$:(0%$*%:&((.5(((,52(((K&RJÖ"1^J)'/(((8"%21$/(((.5(((>$3(("((35'5:"1*&((0%(\>1*3$/(0#61&)%5(3)(
\'9&1:/(?*(.5(#5(3$3(0%(9)2&'&(6'*%&(2&(3)*&($'&((>$3B*1*'"1U
S((C'):"%)'((OD((C1&*$((3"#$%2$D((.&(($)2&((2*%(((>$75U(H12*%)'(((&(((:1$%.#*.(((0%:1&4**(((3"#6$%**U(((K&(
1*2*35#(((0%3&:U
C*3*"$1&'&(;5:1G%)')*(.&($>)%25(0%(=56$25(6G%5('$(4&%)%3B*/(0?*(6)%&(($):"#$:)'((6&(()#51U
S((A*?3$7*J,5D((Y"$:5((')#&$((0%((6*3*"$1&D(((.:1*45((&'((%&1,".U(!*2*3GJ:&/(A*3)7)'&D((F)J:&(0%((>'$%3)'(21&6:/(
?*(.5(:&(>&1&$.35(+>G%:)'(.5(T&>)*&?:*(,1&"(9$1$35(.$)(.5(3$)7*(2*%7*(2&($)1(0%(4)1$(3$2$,1&'"1D(((AJ$*(($)=*:W
S((C5*/()1'*(.)>*3*&%:(2&(:$1&(3$(.5(:1&=&?:*(:"7*(#"17**(2*%(3*#*:*1)'(-$#9)14)')*U((K)(#J$1(#*1$(.5(.&(>*(
.3)'$:(0%(3$6)'("$.&'"1(.5(:&($.3)':&D(9"#95%&(A*3)7)'(0%31)%:$:/(1*2*3G%2)J.&(0%3&:((?*((61","3$:"1U
S((F&(3&(&?:*($?$($31)W(0%:1&$95(C"1:$U(\157*(2&(6$135(:&J$1(>*((6*?3$:((:"7*((652)3B**((3"#)%*?:*D
S((A5(&%&1,&$=5(H9&1.:)'(5'$(B$%2*3$6$:/(15.6)%2&(A*3)7)'(#"1"35%".U(((c(()%((1$B$:((:G#6*:/((61".:((3$(
)%((1&31):D
S((K)(#$*(6":(.5J%2)1(*%.)':&'&(:$'&/(3G1G*&(>".:)'(">*7&1U(+&(.:152)*&?:&(((.5(((.&((*#6)%5((61*%:1J)%(((:"%((2)1/(
$?$((3)#((>53&$("2*%*"$15(0%(>$7$(1&4*#&%:)')*U(F$1/(2&($.:5(2$:5U(>515(.)33&.U
S((<)((($:G:(((#$*(((15)((6&%:1)((:*%&/((45*%5((61"$.:5/((1G%T&?:&(A*3)7)'(15):53*"./(?*JL(6"3%&?:&(3)(2".)'(
6$'#&*U(C&%:1)(35(,$(:1&9)*(.5(.)6"17*/(%)J*($?$W(\.:$(.5J7*(*%:1&(9*%&(0%(3$6)'(:5)(*2*":D((H1*((,1&*(.5(:&($'&14(
6)7*%(3$(.5J7*(1&,**W(C1*3&6&("2$:5(6&%:1)(:":2&$)%$(35(&?:*(.3)1.)1$(@&1#$%*&*/($.:$(&?:*U(E$1(&)W(c)(.)%:(
H9&14&>1&*:&1)'/(3"'"$%$(,&1:&91$'5($(\1#$:&*D(C$1:&$(.)6&1*"$15/(((9*%&0%7&'&.D
S((<B*$1(((,1&*(((.5(((%&(((357515#(((6G%5((('$(((0%3B*."$1&$((($*$(.6)13$:5W(((0%:1&$95(((C"1:$/(((0%21&6:G%2)J?*(
T$1:*&1&'&(((3"1.&:)')*(1"?)U
S((Z1&$)(((.$)(((%)/(((:1&9)*&(((.5(((#&14&#/(((15.6)%2&(((.3)1:(;5:1G%)'/((.3)*6G%2(((:):)%((0%((=56$25U
S((C"1351*$($.:$(2&((7:A3$!$(15.:)1%$:(')#&$(3)(>)%2)J%(.)./(9"'9"1".&?:&((C"1:$((6&.*#*.:((?*((0*((3&1&(
8&4*"%$1)')*(("(7*4$15U(<G%2("(.5(0%3&:&=*(.GJ7*(#$*("#"1*(6'5#G%**(3)(1$B$:)'(5.:$(>1$%7)=&.3W
S((J-.!l',./$3%5!!0@%!-0$P!<)(7*451*'&($.:&$/($#(3&'(6)7*%($,$%:$T)'(3GJ#*(15#G%(#*&($61"$6&(:"$:&/(
15.6)%2&(8&4*"%$1)'U
ne
@)%"*)'(:5)(2&(2"*(9$%*(%)J*(9)%(2&3G:(6&%:1)(>&:&(%&3"$6:&U
S((+)%:(2&.:)'(2&(35:15%*:(3$(.5(.6$14(%)3*(2&(3"3".(3)(3)1)'(?*(.5(.3)*6(#*&=)'(3$()%(#"1:*&1(3$1&($1)%35(
"9)=&/(.6)#&45(6"1:$U(<"%:&#6'5(0%3B*."$1&$(H@CI/(=*2)1*'&(')#*%$:&(2&(T"3)'(>'5351*'"1((2*%((652)1&$((2&(
91$=*U((((/
S((Z$(:1&9)*(.5()135#(?*(.5(3"9"1G#(2&$')1*'&/(.5($')%&35#(6&('$3)1*'&(0%4B&7$:&(6G%5(%*(.&(:"3&?:&(6*&'&$(
2&(6&(>)%2/(.5(%&(31"*#(21)#(3$(%*?:&(9)'2"=&1&(61*%(652)1*(0%4B&7$:&(S(?*(:"$:&($.:&$(%)#$*(3$(.5($T)%4&#(
'$(6)?351*$($*$(3"#)%*.:5U(c)(.)%:("9*?%)*:(.5($T)%4('$(6)?351*&(.:G%2(3"%>"1:$9*'(6&(>)%2D(F$35(5.:$(%)J*()%(
3$=(41$,(2&(0%35'3$1&($(F1&6:)1*'"1(H#)')*(3$1&($1(:1&9)*(.5($T)%45()14&%:(0%(>$7$(<)17**(E%:&1%$7*"%$'&/(
$:)%3*(.)%:(&)((95:):((0%((3$6D
S((\1(:1&9)*(*%:&1=*.(3$("$#&%**(3)#.&3$2&(.5(>*&(6)?*('$($.&#&%&$(3"1,"$2&(2*%(3$)=$(3G:"1,$(*2*"7*(3$1&(
%J$)(>".:(0%(.:$1&((.5((&,*:&((15=9"*)'D(((.&((0%>)1*&((-&*2&U
H(#":"J.$%*&(.&($61"6*&/(0%,5')*:5(0%:1J)%(%"1(2&(=56$25U(I%(H9&1.:'&):%$%:(*.:&1*3(2*%(A$1&'&(+:$:JA$T"1(
.&(*%:&1&.&$=5()%2&(&(3"#$%2$%:)'U(i
;5:1G%)'(0'($1$:5(6&(H9&1'&):%$%:(8"R&/(3$1&(.:5(6&()%(9):"*(?*(.3$16*%5("(#G75(2)65()1&3B*U
S((`:**(((.5(((*&*(((6"=*7*$((2&(((21&67*/(("#)'&W((1$4&((">*7&1)'((2&(.:$:J#$T"1((.6)#&4G%2U
;5:1G%)'(0?*(6"3%&?:&(35'3G*&'&(0%3&:*?"1(?*(0?*($:*%4&(3$.3$(3)(#G%$/(.3B*7G%2()%(.$'):(,$4U
S((H9&1'&):%$%:(8"R&/(3"#$%2$%:)'(3"#6$%*&*/(!&4*#&%:)'(On(C$%=&1/('$(1$6"1:/(.5(:15*7*D(.&($)2&(,"3&$(
2"4*:5($(')*(8"R&U
S((F&(3&(21$3)V(.:$*($*3*W(.:1*45(H9&1.:'&):%$%:)'(3)(&6"'&7**(.G%4&1**U(KJ$*(61*#*:("12*%)'(2&($:$3W(K)(&(
6&1#*.5(%*3*("("61*1&D(\:$35/((("#)'&D(((!53%&:)'(((.5)(((61","$35((()%(((&3")(((3&(((15.)%5
>&(.>*25:"1U
'(((((((S(\#(0%7&'&./(2"#%)'&(H9&1.:'&):%$%:/(.5(:15*7*D(15.6)%2&
'(8"R&/(.$'):G%2(*#6&3$9*'/(0%(:*#6(3&JL(0%T)15(0%(4G%2(3)("9*25U
K&($>)%25#(0%(9&=%$(652)1**(2&(3"%*>&1&/(0#6'&:*3*%2)J%&(3$
9&7*,**U(K&(=4G1*&#(2&(31&%4*().3$:&U(]&7&'&(%&(.)%:(9*3*)*:&(?*
.>G?*$:&U(((F&"2$:5((0%3&6&((.5((1565*&("((A$X*#(1).&$.35U((C"1:$
$1)%35(>)'4&15:"1("(41&%$25(2&(#G%5(?*(0#61"$?35("(6'"$*&(2&
4'"$%7&((0%((2*1&37*$((#*:1$'*&1&*U
I%(">*7&1g1).(&($1)%3$:(0%($&1U(A$%:$)$(0*(>G'>G*&(3$("($1*65(15%*:5U(C)?3$J#*:1$'*&15('$:15(2*%(%")U
S((C&(:"7*(21$3**D(=9*$15(A*3)7)'(?*(0%21&$6:5($1)%35:"1)'(2&(>'5351*(.61&(:)>*?)1*U(<"6$3**(0%3&6(.5($125U(
C)?3$J#*:1$'*&15(:$3&U(!)?**(((=$3(((415#$25(((?*(((:1)6)1*'&((('*(((.&(((0%%&41&.3(((:1&6:$:/(((3$(>1*6:)1*'&((0%(
3)6:"1U
nM
S((K"1"3(((35(((%)(((?:**(((%*3*"2$:5(((3G%2((("(((657&?:*/(((">:&$=5(;$13&'"%$/(3"%:&#6'G%2()%(1).(3)(6G1)'(0%(
>'5351*U(\.:$(,!3G:$%$(95:1G%5U(((\':>&'((%)(((LJ$1(>*(('5.$:((3)((651)'((')%4U
S((F$7*J*(((21)#)'/(((2$7*J*(((21)#)'D((("12"%5(((;5:1G%)'/(2&65?*%2)J%&((0%((>)45U
H9.&1,5#("(>"1#$7*)%&(2&(1)?*(3$1&(0%3&$135(.5(.3$6&U(I%)'(2*%:1&(&*(.&(.:1&3"$15(6&(2)65()%(3"6$3(615,5'*:(
?*(.&(:G15?:&(2&J$(3)1#&=*?)'()%)*(*=,"1(0%4B&7$:U
S(8*3B*2$7*J*D(.:1*45(-&*2&(%&15925:"1/(61&45:*%2)J?*(#*:1$'*&1$()?"$15U
E(.&(=4)2)*&(:":(:1)6)'(0%(:*#6(3&(:1*#*:&("(1$>$'5(61&')%45(0%(41)6)'(>)4$1(2&(2)?#$%*U(+)%:(2"9"1G7*(:1&*(
2*%:1&(&*/(0#6)?3$7*(0%(.6$:&/(3)(6*&6:)1*'&(.>51G#$:&U(]"'".*#()%(%")(:*6(2&(4'"%7/(#$*(2)1U(]$3&(2"$1("(
4$)15(#*35('$(*%:1$1&/(2$1('$.5(0%()1#$(')*()%(4"'(*#&%.U(<G7*,$(2*%:1&(15%*7*(=$3(0%(=56$25(?*(.&(:G%4)*&(
.>G?*&:"1U
A*3)7)'(0#6)?35(6$:1)(.)61$,*&7)*:"1*(3)(6)?3$(.$(3)(7&$,$(1&:&=$:5U(H($1#5(3)#6'*:5(6&%:1)(2*.:$%7&(.3)1:&U
I%(95:1G%('"3":&%&%:J#$T"1(0%()%*>"1#$(A*'*7*&*(.:5(1&=&#$:(2&()%(3"6$3/(3)(#G*%*'&('$(3&$>5U(C&(#5.)15(3&(
%&($61"6*&#/(%&(61*,&?:&(:&1"1*=$:U
S((I%((3"#*.$1/((.6)%&((-&*2&((1G%T*%2((2*$9"'*3U
S((K)J*(3"#*.$1/(0*(15.6)%2&(;$13&'"%$U(K)(#$*(&(2&3G:()%(%&%"1"3*:(((.6&1*$:(((2&(((#"$1:&U((((I%(((#"1#$%(
2&((("$.&(((0%:1J"()%*>"1#5(2&#"2$:5U(8G.$7*JL(6&($#51G:)'(5.:$(.5(.&(0%:"$135('$(.:15%&6"7**(((')*D
S((Y&J$*(7*3%*:W(61":&.:&$=5(-&*2&(>)1*".U((C"13)'(5.:$(&()%(">*7&1(.",*&:*3/((*$1(%"*((0'(("#"1$#D(((F*%(
"12*%)'(((])B1&1)')*D
!*2*35($):"#$:)'(?*JL(0#6)?35(6&('"3":&%&%:(0%(6*&6:(?*(0%(3$6U(y&$.:$(*(.&(2&.>$3&U(C&%:1)("1*3&(
&,&%:)$'*:$:&/(0*(#$*(3*)1)*&(?*(.:"#$3)'(3)(3G:&,$(4'"$%7&U
S((\.:$(&D(&X3'$#5(&'(#G%21)/($1)%3G%2)J?*($1#$(6&()#51U(I%(*%>$%:&1*.:(15%*:(.&(1*2*35(6&(T)#5:$:&/(
.61*T*%*:(0%:1J)%
4&%)%3B*U
S((N$,!./($,g$-$$5!/3<-($;*$!&2,(0-%.[$5!%&(*#6'"15(&'(2*.6&1$:U(`*(:",$15?)'(4&1#$%/(0%(6&1."$%$(
8&4*"%$1)')*/(0*(0%>*4&(0%
.6*%$1&(9$*"%&:$/($'(351&*(,G1>(*&.&(61*%(6*&6:)'(1).)')*U(E#6$.*9*'/(8&4*"%$1)'(0?*(.3"$:&(9$*"%&:$(2*%(:1)6)'(
%&0%.)>'&7*:/(3$2&(0%(4&%)%3B*(?*(.&($?$=5(0%(6"=*7*$(2&(1)453*)%&($(#).)'#$%*'"1U
I%(">*7&1(1).(0%3&$135(.5($1)%3&("(41&%$25U(\'9&1:(0*(.:1*,&?:&(>$7$(3)(6$:)'(6)?:**U(C&(3&*'$'7*(0*()3*2&#(2&('$(
2*.:$%75/(2&(0%2$:5(3&J*(=51*#U(K)(%&($61"6*&#(2&(&*(2&3G:(0%(#"#&%:)'(0%(3$1&(.)%:&#(3"%,*%?*(35($)(#)1*:/(
?*(3B*$1(?*($:)%3*("(>$3&#(3)(>"$1:&(#$1&($:&%7*&/(0%$*%:&(.5(:1&3&#(61*%(21&6:)'('"1/(0*(.:156)%4&#(e{
3)(9$*"%&:$U(\)(9)=)%$1&'&(6'*%&(3)(#$B"135(?*(0%(.:*3'&'&(2&($65($)(,"235U(c("(#$1>5(2&(61"$.:5(3$'*:$:&(S(
,"235(6&%:1)(."'2$7**(2&(1G%2U(F*%($#$1&'&(%"$.:1&(&X6&1*&%7&/(?:*#(35(61","$35(2)1&1*(2&(3$6(*%.)6"1:$9*'&/(
?*($:)%3*("(">&1*#(3)(4&%&1"=*:$:&(1&31)7*'"1U(F&(%"*(.&(,$("3)6$(C"1:$U
0*(3"%:1"'5#(0%(9)=)%$1&(3)(#)':5($:&%7*&U(8)5#(>":"41$>**'&(*)9*:&'"1(?*($1)%35#(1&.:)'(2&(')31)1*U(<&'&(
3G:&,$(1)9'&(6&(3$1&('&($)(%)(61&=*%:5(*%:&1&.(6&%:1)(%"*U
A*3)7)'(&(>"$1:&(61&"3)6$:(2&("(>":"41$>*&(45.*:5(0%(6"1:">&')'()%)*(">*7&1(351)*$(\'9&1:(0*(=21"9*.&(>$7$U
S((F"$#%&/(((3&(((#$*(((9)357*35(((c##$((($.:$/(((#)1#)15(((&'/(?:&14G%2(((41*T)'*)(((.G%4&'&((2&(((6&(
>":"41$>*&U(((<G%2(((,&=*((($?$((("(1)."$*35(7$6G%G/(3"%:*%)5(&'(>G3G%2)J*(3)("3B*)'(>&:&*(2*%(6"=5/(07*(2$*(
.&$#$(35(F)#%&=&)'(%".:1)($($,):("(=*(61"$.:5(3G%2($(31&$:(#"2&')'(3'$.*3(4&1#$%/(3)("(6$1:&(2*%(6G1(>53):(
3"3(?*(3)(1&.:)'((0#6'&:*:((0%((3"2*7&U
S((A$#5D((((.&((((#*%)%&$=5((((C"1:$/(((61*,*%2((((6&.:&((()#51)'(A*3)7)')*U
S((Z1&*(((.5(((>$3&#(((.3B*#9W(((07*(((2$)(((:1&*(((6"=&(((6&(((&$D(((<&(9)357*35D(((A$*35(((C1&3*.:G((2*%(((f$=$%D
S((F)J:&(21$3)')*/(&($(#&$D(#G1G*&(A*3)7)'U(A"1:)'(*J$(.31*.($21&.$(((6&(((.6$:&'&(((>":"41$>*&*U(((<G%2(((.J"(
:&1#*%$(((15=9"*)'(((')*(\2"'>/("(.5(*$)()%(9*'&:(2).J0%:"1.(?*("(.J"($2)3('$(-$#9)14/(=5)D
S((<1&2(35(($*((1$B$:(0%:1&()1&3B*D((1G2&(C"1:$(2*.61&7)*:"1U(K*3*(%J"(.5(,1&$(.J$)25(2&(:*%&(3G%2(,$($>'$(35(*J
$*()3*.(*)9*:)'(3"#)%*.:D
S((`:*)(35($*(*#61&.*$(35(.)%:(*2*":/(15.6)%2&(A*3)7)'($31)/(2$1(%J"(.5(>*)($?$(2&(31&:*%(.5J*(.6)%(35(&)(*J$#(
,&%*:(2&(B$3(:*35'".)')*U(K)/(%)/("(.5J*(6",&.:&.3(6)*3)7&*(3)#(LJ$#(351$:(0%(.6*%$1&(2")5=&3*(2&(^*'"#&:1*/J(
3)(1*.3)'(61"61*&*(#&'&(,*&7*/(3$(.5JL(2$)(0%(0%41*T*1&(#&2*3*'"1(4&1#$%*U(H(.GJ*(:"1%("(6",&.:&(:$1&/(&X$3:(3$J
%(>*'#&D(<B&.:*$(3)(#"$1:&$(9*&:)')*(&*(&1")/(3$1&($(((*%:&1,&%*:(((2*%(((3$)=&(((%$:)1$'&U
S((H(.5(:&(:1*#*:5('$(6'*#9$1&/(B":515?:&(C"1:$/(3'5:*%G%2(2*%(3$6(3)((:1*.:&7&U((-$1:$((')#**((,$($15:$(3)(:":)'(
$':>&'(2)65(3&(\2"'>(,$(6*&12&(15=9"*)'(?*(Q&B1#$3B:)'(4&1#$%(,$(>*(2&=$1#$:U(KJ"(.5(>*&(61&$()?"1(.5(>**(
%&$#7(0%(,1&#)1*'&($'&$U(\>'$(2&('$(#*%&D(H1*3*%&(,$($,&$(3B&>(%&(,$(:1$4&()%(?):(0%(3)1(?*/(2$35(,"#(
0%3&13$(((.5((1*6".:5#/((%&((,$((:&1#*%$((2&>*%*:*,D
S((-$*2&7*/(B$*2&7*/(.:1*45(H9&1'&):%$%:(8"R&($4*:$:/(0%$*%:&D(0%$*%:&D(A*?3$7*J,5D(Z"*/(%&#&1%*3*'"1/(45.*7*(
0%:":2&$)%$('"3)1*(*%(((3$1&(((.J"(((?:&14&7*D(((A*?3$7*J,5(((?*(((.5(((%&(((6)%&#(((6&(((:1&$95D(Y1&9)*&D(
H9&1>&'2R&9&'(((;&*&1D(((C1&*&*(((3"#$%2$(((6'):"%)')*(((OD(<&13&:$?**(((0%$*%:&(((?*(((0%(((>'$%3)1*U
+E
S(Y":(%"*D(9"#95%&(C"1:$(.3".(2*%(.51*:&/(2G%2()%(?):()%&*(.:*3'&(1).&?:*(4"$'&U(K")5(%&(1&,*%(:"$:&(
#*.*)%*'&(0#6)7*:&(2*%($1#$:$($.:$D(H>/(2$35($?(>*(>".:(&)('$(;&1'*%/($3)#(%J$,&$)(2&3G:(.5(.&J%,G1:5(6&J$*3*(
?*(:1&*=&3*(2&($%*(2$35(,"*$)D(jZG15(>)1*".(61"*&3:*'&'&(0%(6)?3$(')*(3)(7&$,$(1&:&=$:5(?*(3"%:1"'&$=5(7&$,$Uk(
C&%:1)(%)#&'&(p)*(F)#%&=&)/(B$*2&7*(.5(#&14&#("(2$:5(2)65(V(,&3*%**(%"?:1*(3"#)%*?:*(.5('&(=9)15#(
.35>G1'*$D00000000000000000000V(UU(/
0%(3'*6$(0%(3$1&(3"#6$%*$(6'&$35(2*%(652)1&/($)=*#(*$15?*(9)9)*:)1*'&((((0%>)%2$:&(((($'&(((#"1:*&1&'"1/(
)1#$:&(((2&(((&X6'"=**(3):1&#)15:"$1&U(((I1G#(((#"1:*&1)'(((2&(((:1$%?&&(((#$*(((#)':((2&3G:("1*3$1&(($':5(($1#5U(
c((6&1>*25((?*Jj*((25(%)#$*()%(>"$1:&(.3)1:(.&#%$'(2&($,&1:*=$1&(0%$*%:&(3$(61"*&3:*')'(.5(:&($T)%45(?*(.5(
&X6'"2&=&('G%45(:*%&U(K)($1&(?)*&1$:)'(61&')%4($'("9)=&'"1U(K&(:&#&#(((?*((((2&(((9$:&1**'&(((2&(((#"1:*&1&U(
\3"'"(((.)%:((($61"$6&(U(((0%:":2&$)%$(>&#&*/(7515%3*(#$.*,&(?*(41"."'$%&/(0%:1J"(%"$6:&($#(')$:(3)($.$':("(
3"#6$%*&(2&(#"1:*&1&(41&'&l(>&#&*'&($)(0%3&13$:(.5(>)45(0%(652)1&/(.5(.&($.3)%25(61*%:1&(:)>&(?*(6"#*/(2$1('&J
$#(,G%$:(()%$((2)65(($':$(?*('&J$#(()3*.((3$(6&(?"9"'$%*/(0%((3*)2$()1'&:&'"1(?*('$31*#*'"1U(EJ$#(')$:(61*="%*&1*(
6&(3&*(3G7*,$(9519$7*(2*%(3"#6$%*&/(3$1&(%&J$)(3"%>*1#$:(3&&$(3&(?:*$#(2&T$h(>&#&*'&($3&'&$((&1$)((>$%$:*3&(
?*((.&(6)1:$)((0%>*"15:"1(3)(61*="%*&1**U
S(H#"1G7*J'&(6&(357&'&'&($.:&$D(%&J$(.6).(.&14&%:)'(1).(')$:(61*="%*&1/(1G%T*%2(.$:*.>53):(?*('",*%2(3$2$,1)'(
)%&*$U(F&J$3)#(6):&$(.6)%&(:":(3&(,"*$U(!5=9"*)'(')*(.&(.>G1?*.&D
I%)'(2*%:1&(%"**J,&%*7*/()%(>'535)(."'*2(2*%(2&:$?$#&%:)'(')*(;$13&'"%$/(&(0#6)?3$:(0%(>$75U(H(.3B*T5(2&(
?1$6%&'(LJ$(3*"6G17*:U(K)(#$*($1&(%$./(%*3*(4)15(?*(%*3*("3B*U(+&(,&2&(%)#$*(".)'($'9U(y*6&:&'&(.$'&(
2&=%525T2)*:&(.&($)2(2&(2&6$1:&(?*(%&(.3V":(2*%(#*%7*U(Y1&#)1G%2/(%&($2)%5#(0%(T)1)'(')*(?*()1#51*#(3)#(
@&>1&*:&1)'(.$%*:$1(!"'>&(0%3&$135(.5J*("9'"T&$.35(1$%$U
S((m5)(35(?1$6%&')'(>$3&(1$,$4**/(?"6:&?:&(A*3)7)'U((c(#$*(1$6*2((2&3G:((:*1)'((3$1&J*(('*3B*2$(6&((#$>*"7*(('$(
F**..&'2"1>U
S((F$35(.3$65(3)#,$(3)(,*$75(?*J"(.5J*(3G1653&$.35(>$7$/(%J"(.5(>*&(61&$($15:".D(.6)%&(@1&4"1(0%4G%2)1$:U(H(
.5(>)4$(')#&$(2&(&'U
H1*="%:)'(.&(3"'"1&$=5(0%:1J)%(4$'9&%J1"?*$:*3U(F&(2*%3"'"(2&(3)'#*(.&($)2(9)9)*:)1*(?*(:1".%&:&U(I%(
1&4*#&%:($'($1:*'&1*&*(2&(9$1$T(*$(6"=*7*&(2&J$(')%4)'(1G)')*(0%4B&7$:U(K&(0%."7&.3(2")5(3"#6$%**(2&(:1)6&(2&(
$.$':U(<)(:"7**(.)%:(6)?*('$(?$6:&($3&U(\)(35?:*'&(((,"6.*:&((0%(($'9((?*((3)1&')?&'&((0%((6"=*7*&((1&4)'$#&%:$15U(
<&%:)1*/(1$%*7&/(#5?:*(2&(4$=&(S(:"$:&(.)%:('$('"3)'('"1U(CG%5(?*(3$4)'&'&((#5?:*'"1(2&(4$=&((.)%:(0#65:)1*:&(
3"1&3:U((K"*(('&J$#($1)%3$:(2&#)':(6&($'&(%"$.:1&U(A$%:$'&'&('"1(.)%:($:G:(2&(3)1$:&(0%3G:(.&(6":(2)3&(3)(&'&(
'$(2&>*'$1&(6&(.)9(;1$%2&%9)14&1(Y"1U(0*(61*,*#(3)(2*.61&7/(2$1(:":)?*(0*(*%,*2*&#(6)7*%U(\)(:":(3&&$(3&(%&(eO
'*6.&?:&(%")5U(0%(3"#6$1$7*&(3)(&*/(!&4*#&%:)'(On(C$%=&1(6$1&()%($=*'(2&(.515%:"3*U(K"*(%J$,&#(%*3*(#53$1(
:$%3)1*/(2&?*(.)%:&#(1&4*#&%:(2&(:$%3B*?:*U
S((E.).&/(((3&((($15:"?*(((.)%:&7*D(((&X3'$#5(((C"1:$/((($:*%4G%2((("(3&%:)15(9*%&(').:1)*:5U(H(.GJT(.6&1*$7*(2&(
#"$1:&(6&(:G'B$1)'(2&(E(,$(%D
S((I%2&J*((>$%>$1$W(0%:1&$95(@1&4"1U(`:*7*(,"*D(Y$#9$'$4***(5*$(3)(:"9&(?*(>')*&1&U(K)(6):&7*(.5(%5,5'*7*(6&.:&(
,&3*%*(>515(&*D
S((\15:$7*(3$("(?'&$B:5(2&(,$4$9"%=*/(1&#$135()%(]&'2R&9&'/(3"%:&#6'G%2()%*>"1#$(2&(3$#)>'$T($(')*(
C"1:$/(9"7*:5(?*(T&4"$.$U
S((\.:$(((?*(((.)%:&#/(((2"#%)'&(((]&'2R&9&'V(((1G%T&?:&(((((C"1:$U(\1"4$%:/((0?*((6":1*,&?:&((#"%"3')'((.5)(
3156$:(?*JL(#5."$15((3)(61*,*1&$((6&(((]&'2R&9&')D((2*%((4$125U
S((<&(((($2)%5:)15((((#$*(((.)%:&7*(((?*(((,"*W(((:1G#9*7&$=5(((()%(H9&1>$B%1*3BU(((\15:$7*((3$((%*?:&(("3%$?*D
S((\2)%5:)15W(#G1G*&(;5:1G%)'/(#*T*%2)J?*("3B**(>)1*".U(+5(,5(&X6'*3(&)(3&(>&'(2&($2)%5:)15(.)%:&#/(-&11(
H9&1>$B%1*3BD(8)6:5#(2&(6&(,1&#&$(3G%2(1&4*#&%:)'(2)#%&$,"$.:15(2&(4$125(%*3*(%)(&1$(0%>**%7$:(?*($#(
6*&12):(#$*(#)'7*("$#&%*(2&3G:($1(6):&$((2$((2*,*=*$((2)#%&$,"$.:15(((0%((:":(((15=9"*)'D
S((F$/($15:$7*(2&.:)'(2&(?*>"%$7*/(1G2&($3&.:$(*1"%*3/(j0?*(2)3&(%"%?$'$%:(((9*%"3')'((('$((("3B*(((?*(((3&13&:&$=5(
0%5'7*#*'&Uk(((C&%:1)(0%3B*."$1&$($*$(#*35(2&J$3"'"(:1&9)*&(.5J7*($T):5#(>'535**W(8$.5(35(%&("3)65#(%"*(2&(&$(
3G:(:*#6(:1$4*(:)()%(6)*(2&(."#%(?*J7*("2*B%&?:*(("$.&'&((".:&%*:&/((.6)%&((&'((,&.&'U
S((+&1*".W((((15.6)%2&((((;5:1G%)'(((2*.:$%:/((((P0%3B*."$1&$(((($*$(#*3G_UÄ$?$(3)#(0*(.6)%&7*(2)#%&$,"$.:15/(
%&J$($2).(6*&12&1*(>"$1:&((#$1*U
S((K)((&(%&,"*&(2&3G:(2&(?*1$(.6*%51**(?*(2&(2"1*%7$(2&($(3G?:*4$/(2&3'$15(3)(#G%21*&()%(:G%51(I%:&1">>*=*&1U(
F)B%&?:&($(Z$'B$''$(?*($(3*:$:&(2*%(-*:'&1U(H1*3&("12"%5(]**B1&1)'/(."'2$:)'(4&1#$%((&X&3):5U(
I%:&1#&%.3B&%**(((1)?*(((%)((%&((6":(("61*D
S((s$,%!.'(!l',!.$5!.&14&%:D(0'($61"95(8&4*"%$1)'(.$13$.:*3/(0%(:*#6((3&(7*4$1$((*((.&((#*?35(((0%((3"'7)'((4)1**U
S((Y"$:5(')#&$(,"19&?:&(2&.61&('*%*$(0%:G*/(3"%:*%)5($.61)(I%:&1">>*=*&1)'U(((C1"9'&#$(&($':$U((I%(."'2$:(
9)%(.&(>"1#&$=5(61*%:1J"(*%.:1)37*&(2&(>*&1(0%(4$1%*="$%5/(2)65(3$1&('*%*$(0%:G*("(.5((*((.&((6$15(()%((.$%$:"1*)/(
"(($2&,51$:5(T"$35D
S((Z*((.J$((?)91&=*:(((#*%:&$((2&(($:G:$(('G%3&=&$'5/(*=9)3%&?:&(C"1:$/(1G=G%2U(H(.5(>$3&7*(0%(6$%:$'"%*(3G%2("(
.5J%3&$65(E,$%(.5(3G%:&(('$((9$'$'$*35U
S((CG%J'$(#*&=)'(%"67**(0*(,&7*(>5452)*(3)(:"7**(')*(F)#%&=&)(35(,&7*(#&14&(:"$:5(,*$7$/(1&4)'$:/('$(9*.&1*35/(
?)*&15(@1&4"1(3)(.$:*.>$37*&U
ed
S((C1".:**/(15.6)%2&(*%2*4%$:(I%:&1">>0=*&1)'U(c)(%)(31&2(0%(%*3*((()%((>&'((2&((F)#%&=&)D
S((]"$1:&(#)'7*(2*%:1&(3&*(3$1&($T)%4($*3*(%)(31&2/(03%!-0$5!0*((&X6'*35((2&:$?$:((8&4*"%$1)'U(((F$1(3G%2(=$3('$(
65#G%:/((.)9(6'"$*$()%)*(9$1$T(2&($1:*'&1*&/(&(.)161*%=5:"1(.5(3"%.:$7*(3G:(2&(31&2*%3*"?*(2&,*%U((\:&**(3&*((#$*(
>$%$:*3*(.)%:(#$*(6*"?*(2&3G:(A$1:"1**(((')*((('&B",$((?*((.&((1"$45((')*((\''$B((.5J*(((.3$6&U
S((<)(%"*("(.5(>*&($':3&,$/(2&3'$15(I%:&1">>0=*&1)'(6&()%(:"%(1&3&U(`*(B$12)4B*$($.:$(3)(3$1&(,J$7*(')6:$:("(
.56:5#G%5(0%:1&$45("((.J"((25#((4$:$((0%((3G:&,$(("1&D
S((Z&2&#(%"*(#$*(:G1=*)D(.6)%&(;5:1G%)'/(=G#9*%2(.$13$.:*3U(\?(,1&$(:$1&(#)':(.5(2$7*(4$:$(6)?351*$(0%(2"$1(
3G:&,$(3&$.)1*U(K&J$7*((.3):*((2&((3"1,"$25D
H(6'"$*&(2&(4'"$%7&(1565*&(6&('G%45(6&1&:&'&(0%=56&=*:/(0#61"?3G%2)J%&(3)(%"1"*(?*(4B&$75U(H9&1>5B%1*3B)'(.&(
:1G%:&?:&(1&4)'$#&%:$1('$(65#G%:/(3$(>)'4&1$:U(C1*,&?:&(61&3$):(6&.:&(#$14*%&$($256".:)')*U
S((8$(((65#G%:/(((0'((($,&1:*=&$=5(((;5:1G%)'/(((2$1((&(((2&T$((61&$(:G1=*)U((((<$6)'((((0*((((&X6'"2&$=5((((3$(((("((((1"?*&(
61&$(((3"$6:5/(0#61"?3G%2)J%&(6&((:"7*((3&*(((2*%(T)1U
S((YG#6*:("9.&2$:(2&(1&4)'$#&%:/(0%T)15(C"1:$/(?:&14G%2)J?*(>$7$(2&(.G%4&(?*($?3B**(2&(".U(Z*%&($*3*(?*(%&(
#G%T&?:&(3)(#$7&'&(')*((0#6)7*:&U
<G:&,$(#"1:*&1&(2)2)*&(3)(0%,&1?)%$1&U(F*%(65#G%:(7G?%&.3V(V(:1"#9&((2&((:74-+7"!!C'")5((3)(61"*&3:*'&/((*$1(
3G:&,$(:)%)1*((3)(:1$4&1&(.3)1:5($1)%35("9)=&(0%(#*T'"3)'(%".:1)/(0%(3G:&,$(3'*6&/(:&1&%)'($1$:5(3$("(#$1&(6&(:*#6(
2&(>)1:)%5/(6D*%G(3)(15#5?*7&'&()%&*((&6$,&U
c1"*.#)'(!&4*#&%:)')*(@1"..(F&):.3B'$%2(2*.6$1&(:1&6:$:U(CG%5(?*(8&):%$%:)'(3)(9)=&(.)97*1*(?*()%*>"1#5(2&(
3"#$%25(6$1&(0%41"=*:U
S((<)'3$:/((')$J:&J$1(%$*9$D((.:1*45(((;5:1G%)'(($.61)U
0%(3*)2$(>1*3**/(8&):%$%:)'("9.&1,5(35(;5:1G%)'(%)(*(.J$($21&.$:(1&4)'$#&%:$1U(F&.3B*2&(4)1$(0%4).:5(?*(1&$/(2$1/(
0%$*%:&(2&($($6)3$(.5(,"19&$.35/(0'(%*#&1&?:&("(1$>$'5(.3)1:5(2&(#*:1$'*&15/($1)%3G%2)JL(0%$6"*/(6&.:&(6&1&:&'&(
0%=56&=*:U(<$2&(0%(>$75/(.:1*,*%2(4B&$7$(.)9(41&):$:&$(3"16)')*U(C*3*"$1&'&(0*(=,G3%&.3(.6$.#"2*3U(!5#G%&(
3"#6'&:(%&#*?3$:U
S(((?$%35!!!03-(/,5!!!<$%3"""!!!>1&2"%&$=5(((8&4*"%$1)'(((0%3&:*?"1U(+&(*,&.3(3$(2*%(65#G%:(2")5(:$%3)1*(C$%:B&1U(+&(
1".:"4"'&.3
6&('G%45(%"*(="1%5*%2U(Y)%)1*'&(((&%"1#&(*&.($#&%*%75:"$1&(2*%(:)1&'&/(((3$(((2&4&:&'&(($15:5:"$1&((($'&((()%)*(
)1*$?U
S(((0%$*%:&D(=9*$15(8"R&(?*(%&(>$3&(.&#%(3)(6)#%**(0%3'&?:$7*U(<"#6$%*$(($((vJ$/((2)65(((#*%&D
eN
\'&145#(3)(41&)(61*%(=56$25/(.:152)*%2)J%&(.5(.:5#(3G:(#$*($61"$6&(2&(:$%3)1*U(<G%2(:)%)1*'&($#)7&.3/(%&(
$1)%35#('$(65#G%:(6&%:1)($(%&(:1$4&(.)>'&:)'U(I%(41)6(2&(1)?*(0%3&$135(.5(>)45(2*%:1&(1)*%&'&(0%%&41*:&(2&(>)#U(
<G:&,$($):"#$:&(3'5%75%&U(?*(1)?**(.&(6159)?&.3/(.)161*%?*(2&(3&&$(3&(.&(0%:G#6'5U
S(E%3"#6'&:(*%.:1)*7*D(#"1#5*&(-&*2&(2*.61&7)*:"1/('",*%2(3$2$,1&'&(3)(6*3*"1)'U(E%("6*%*$(')*/(3*%&(%)(&(.):5('$(
.):5(."'2$:(&()%(4)%"*U(C&%:1)(&'/(#*'$(&.:&(.&#%)'(#&%:$'*:57**(2&(.')45/(0%($61"6*&1&$(3"'B"=)')*(.&($>'5()%(?*1(2&(
3$#*"$%&(41&'&/(6*3:$:&(3)
'*:&1&((3B*1*'*3&U(J
H9)=&(91*=$%:&(=9"$15(61*%($&1U(+"'2$7**(2&('$($61",*=*"%$1&/(3$1&(6*3":&$)(0%(3$9*%&'&(?">&1*'"1/(=9"$15(
1".:"4"'*%2)J.&(61*%($&1U(I%**(2*%:1&(&*(.)%:()3*?*(0%(352&1&U(Y":)'(.&(:&1#*%5($:G:(2&(1&6&2&/(0%3G:J(%*3*(%"*(%)(
1&$'*=5#(61&$(9*%&(3&(.J$(6&:1&3):U
K&(1&6&=*#(.5(9)=)%51*#(3$2$,1&'&(?*(0%B575#(:":(3&&$(3&(%&J$1(6):&$(>*(%&3&.$1U(<G%2(.5(T&>)*#(3$#*"$%&'&/(
$6$1&(0%(#*T'"3)'(%".:1)("(.*')&:5(0%()%*>"1#5(2&(4&%&1$'U(H12*%&(.3)1:&(.)%:(.3)*6$:&(61&3)#(.$',&'&(2&(
#*:1$'*&15U
H9&1'&):%$%:(8"R&(.:5(0%(6"=*7*&(2&(21&67*/(3)(#G%$('$(9)=$
3$.3B&:&*U
S(((F$/(2"#%)'&(4&%&1$'/(.5(:15*7*D(F$/(.5(:15*7*D(S(&(:":(3&(6"$:&(((.5(((0%4$*#&U(((c((?*((41&)((.5((.6)*(($':3&,$(
3G%2((:&(($>'*((0%(61&$T#$(4&%&1$')')*(;$1"%(,"%(A$%%:&)>&'/(:&#):)'(3"#$%2$%:($'(F*,*=*&*(C$%=&1(@1&%$2*&1(
@1"..(F&):.3B*$%2/(\3)#(0'(,&2&#(6&%:1)(61*#$(2$:5/(2$1($#($)=*:(2&(&'/(?*($.:$(%&(&(#$*(#)':(2&3G:(((.)>*3*&%:U(
CG%5(((?*(((C"1:$((?*(((A*3)7)'((.&((1&:1$4((:53)7*((0%(.6$:&'&(()%)*((3$#*"%(((1).&.3U
S((F*%(3G:&(?:*)(&)U(%J$7*(61*#*:("12*%(.5("61*7*($*3*D(A5(0%?&'(3)#,$W(:1G#9*7&$=5(#*3)'(4&%&1$'(3)("(61*,*1&(
4'$3*$'5U(\:$35#(0%3B*."$1&$(((H@CI/(((2"#%*'"1U(((C1*,*7*(((0%(((*)1)'(((,".:1)((?*(((,&7*("9.&1,$(35(0%3B*."$1&$(%)(
.&($>'5($*3*U(3*(:"3#$*($3"'"/('$(3":$(dOnU(8$(61*#$("61*1&(>515("12*%/(,"*($,&$(41*T5(.5(>*7*($2)?*(0%(>$7$\(<)17**(
A$17*$'&((2&((3$#6$%*&D
0%$*%:&(3$(8"R&(.5(.3"$:5(,1&"(,"195/(#*3)7)'(4&%&1$'(2*.6$1&/(0%."7*:(2&($4B*":$%:U
S((!$B$:(?*(3"1)67*&/(>$3&(A*3)7)'(2&=$#54*:/($1)%3G%2(0%(.53)'&7()%(.*%4)1(2*%:&(2&($)1U(Y1&9)*&(35(.",*&:*3**(
5?:*$(.)%:(.51$3*J'*6*7*U(\61"$6&(:"7*($)(>*&1(0%(4)15(0%('"3(2&($)1U(\.:$J*('*6.5((2&((1&.6&3:((>$75(((2&(((."'2$:)'(
4&1#$%((&'*9&1$:"1D
0%()1#5:"$1&'&("1&/(0%$*%:5#(2*.6&1$7*(61*%(%5#&7*/($.)2G%2(?*(31"*%2)J%&(21)#(61*%(652)1*3&$().3$:5U(+*#:("(
6$:1)'5(1).&$.35U?*(:1$4(2*%(352&1&U(!$>$'$(%*#&1&?:&()%(">*7&1(1).(21&6:(0%(4)15U(+&(6159)?&?:&(3)(>$7$(.:$(1G#$:5U
C"1:$(:1*#*:&("(6'"$*&(2&(4'"$%7&(3$1&J*(.$':5(6&(1)?*(0%($&1(?*($6"*(0*(:1G%:&?:&(3$(6&(%*?:&(6"6*3&U
ev
S((8$(((21$3)V/((()1'5(((\'9&1:/(((615,5'*%2)J.&(((91).3(((*%:1J)%(#"1#$%(2&(=56$25/(j0%(:*#6)'(352&1**/($1)%35(
2")5(41&%$2&(2&(#G%5(3$1&(.>G1:&35(:1&*(1)?*U(0?*(7*%&(1&.6*1$7*$(?*(.&(.6$'5(6&(>$75(3)((()%(((6)#%(((2&(
=56$25Uk(((c?:*(((%&9)%/((("#)'&W((.&((9G'9G*&((&'U(3)61*%.((2&(((:&$#5U
S((C5=&$/(:$%3)1*D(T*65(-3*23(*.:&1*3/($1)%3G%2)J.&(3)(3$6)'(0%$*%:&(((0%:1J"(((:1$%?&&(((.)16$:5U
S((E2*":D(#G1G*&(C"1:$(?*('&$45(%*?:&(41&%$2&(2&()%(1&=&1,"1(2&((9&%=*%5U
S((F5J#*J'&(#*&/(?)*&15(A*3)7)'/(2"1%*3(2&(#$.$31)U(+#)'4&('&45:)1$(2*%(#G*%*'&(')*(C"1:$(0%$*%:&(3$(
$3&.:$(.5(#$*(6"$:5(61":&.:$U
A*3)7)'(.&(0%21&$6:5(.61&(YJdN(3)(,*:&=$(?*($4*'*:$:&$()%&*(6*.*3*U(+&(3$7515(*%31&2*9*'(2&()?"1(6&(:$%3)'($'&(
351)*(:1$6&($)(>".:('5.$:&(2&.3B*.&(2*%(%&$:&%7*&U(A*:1$'*&1$(2*%(>1)%:&(.3)*65(#*3*(>'5351*(6&(4)1$(7&,**U(<)(
)%(4&.:(1&>'&X/(.:1&3"$15(#5%)%3B*)'(2&(41&%$2&(61*%:1J)%$(2*%(:1$6&/($6"*(3"9"$15(B"B":*%2(%&9)%&?:&(?*(.&(
$256".:&?:&(0%(.6$:&'&()%&*(.:G%3*U(YJdN(.$1&(0%($&1(3)()%(=4"#":(*%>&1%$'U(]"17$(&X6'"=*&*($(>".:(.6"1*:5(?*(2&(
#)%*7*$(2*%5)%:1)U(+*#7*#(3)(:"7**(61&.*)%&$(.)>')')*U
H((#*:1$'*&15(A$X*#((('$:15((>)1*"$.5((0%((652)1&U(8&):%$%:(A)''&1(2*%(6'):"%)'('(7*65(.>G?*&:"1U(C1*#$(.$',5(
2&(6)?35J#*:1$'*&15(*J$(>1G%:(.6*%$1&$U(A51)%:$*&'&(*(.&(61&'*%4(0%(=56$25((?*((.&((615,5'&?:&((*%&1:((3$(("(
3G165U
Y1$4&#(3)($1)%35:"1)'(2&(>'5351*(0%(652)1&/(?*($.:>&'(,$3$1#)'(*$(.>G1?*:/(0%$*%:5#(*$15?*(61*%(.:&6$(9*3*)*:5(
2&(,G%:U(]1G%7*(2&("9".&$'5/(%&(.565#(41"6*(*%2*,*2)$'&/($?:&6:G%2(9$1$T)'(2&($1:*'&1*&(3$1&(:1&9)*&(.5(%&(
$.*4)1&(:1&3&1&$(6&(#$')'(3&'5'$':($'(1G)')*U(!&4*#&%:)'(2&(#":"3*3'*?:*($(>".:(>53):(75%251*(6&(3G%2(0%3&13$(
.5(:1&$35(1G)'U(A)'7*(2*%:1&(."'2$7*(.J$)(0%&3$:(2*%(3$)=$(>"3)')*(.).7*%):($'(#"1:*&1&'"1(3$1&('&J$(.6$1:(4B&$7$(
2&(.)9(6*3*"$1&U(<&*(3&(%J$)(#)1*:(0%&3$7*($)(>".:(=21"9*7*(2&(.'"*)1*'&(2&(4B&$75(3$1&(.&(3*"3%&$)()%&'&(2&(
$':&'&(3)(.5'95:*3*&U(m4"#":&'&(*=9*:)1*'"1(.&($)2(3$(%*?:&(:)%&:&U
C"1:$(0?*(0%:*%2&(#$%:$)$(,&12&(6&(:74-+7!?*($1)%35(2&(3G:&,$("1*(3)(=$1)'(3$(.5(.&(0%35'=&$.35U
S(-$*2&7*/(#"#G*(2&4&1$:&/(0*(61","$35(&'U(-$*(.5(25#(0%(35*)7*U(Z"*(15#G%&7*(3)(%"1"3)'/(&)(3)(9$%**U
Y1&#)1G%2/(%&(,G1G#(3)(:"7**(0%(41"$6$(2*%(=56$25(?*(0%(3)1G%2()*:5#(2&(>1*4U(\=,G1'*#(>&91*'(=$1)1*'&(?*(
$T)%4&#(.5(%&(6*&12&#(?*(35#5?*'&U
C1*#)'(&(2&3$,$:(@1&4"1(A$1:*%/(2$1(%)($9$%2"%&$=5(?*(0#61)#):5(2&('$(C"1:$("(.)#5(#$1&(2&(9$%*/(3)("(
2"9G%25(2&("6:=&3*('$(.):5U(-&*2&(6*&12&(:":U(0%(3)1G%2(&('&>:&1(?*(;$13&'"%$U
eo
\'9&1:(1&>)=5(.5(31&$25(35(&(>$'*:U(\1&(*#61&.*$(35(%)(6"$:&($,&$(4B*%*"%/(2*%(#"#&%:(3&(&(.*%4)1)'(%&41)(
61*%:1&($:G7*$($'9*U(K&(&X6'*35/($(%)(?:*)(3G:$("$15/(35(:$:5'(')*(&1$(:"9"?$1('$(-).$1*U
S((F$35(((,J$(((1%$*(((15#$.(((3&,$(((#51)%7*?(((6&(((>)%2)'(6"1:">&'&'"1/((&)(((#*=&=((2)9')/(((%&(((61"#*:&(
C"1:$(((6&((()%(((:"%
61*&:&%".U
S((F$35(%)/(,5(0#61)#):5#(%"*/(.&(">&15(A*3)7)'/(3$1&(&
3$.*&1)'((')*(((C"1:$U
\'9&1:((0%3),**%7&$=5((3)(("((&X61&.*&((6*&12):5U
S((F$1(.5(%)()*7*(3&('&(>$3U($'9**(3&'"1(3$1&(%)J?*(6'5:&.3(2$:"1**'&((2&(("%"$1&/((0'(($#&%*%75(((A*3)7)'(((0%(
3'*6$((0%(3$1&((0*(0%#G%&$=5(()%((:&$%3(2&((9$%3%":&U
S((]*1J$1((.5(>*&/(3&((>1*4((&D((4&#&((@1&4"1/((0%3&13G%2(.5J?*(0%35'=&$.35(>$7$(3)(61"61*$J*(15.)>'$1&/(0%(:*#6(
3&(A*3)7)')*(0*($:G1%5((7)17)1*((2*%((.61G%3&%&U
0%(2&651:$1&/()1'&:&'&(')6*'"1(.&(3"%:"6&.3(3)(1$>$'&'&(,G%:)')*(3$1&(.)>'5(:5*".(6&(0%:*%2&1&$(.:&6&*U
S((<B*$1(35J*(>1*4/(0%3),**%7&$=5(;5:1G%)'U(F$1(3)#($*(,1&$(.5(>*&((%"67*'&((2&((*$1%5((0%(((!).*$W
S((F,(+,!!!-'D!!!`,'D5!!!#)1#)15(((8&4*"%$1)'/(((>1&3G%2)J?*
#G*%*'&U
S((`&>**((2&((6'):"$%&(('$(3"#$%2$%:D
H12*%)'((&((:1$%.#*.((2*%:1J)%(($256".:((0%:1J$':)'U
S((\1=5J*J$1(>'5351*'&(*$2)')*/(9'&.:&#5(;5:1G%)'(%&1,"./(0%(.>G1?*:("('",*:)15(1&)?*:5/(?*(\1#$:$(25(:":)'(
6&.:&(3$6(2*%(3$)=$()%)*((615652*:((2&((3"#$%2$%:((2&((6'):"%D
S((RG,./!!!)-!!!&',((,5!!!03%!!!-0$)!!!0'(((3"%."'&$=5(((8&4*"%$1)'/(:154G%2((0%35(()%((>)#((2*%(((7*4$15U
!$>$'&'&(.6$.#"2*3&(2&(,G%:(.&(:1$%.>"1#5(0%:1J)%$(2*%(:&#):&'&(>)1:)%*(2&(=56$25(2*%(!).*$U(CG%5(?*(')6**(
.&($.3)%2U(\:$3)'(3"%:*%)5(0%.5(?*(6&(>)1:)%5U(ZG%:)'($1&($:G:$(>"175(0%3G:($1(6):&$(')$(6&(.).(?*J)%(9*,"'U
;5:1G%)'(.&(0%:"$13&(6&(6$1:&$(61":&T$:5($(%5#&7*'"1/(')6:G%2)J.&(3)(,*T&'*$U
S((0%(6*3*"$1&/(6):)1"?*'"1D((+).D((=9*$15(&'((2&('$(2*.:$%75U(K&((1*2*35#((&3B*6$#&%:)'/((9"#95%*%2U
S((<*%&(&(0%(>1)%:&W(0%:1&$95(;$13&'"%$/(')G%2("(2)?35(2&
,"235U
S(((LLN/((15.6)%2&((;5:1G%)'/($61*%=G%2)J?*(6*6$(3)((#*?351*
'&%:&U
S((0%(((3$=)'(((5.:$/(((%)(((:1&9)*&(((.5(((%&((("#"1$#((61&$(((:$1&/(61"6)%&(C"1:$U(+5J*('5.5#(6&(*%>$%:&1*?:*(.5(
%&(31"*$.35(21)#U(K"*(35'35#(6&()1#&'&('"1(?*(6&1*3"')'(.&(1&2)3&('$(T)#5:$:&D
A*3)7)'(2&.3B*2&(6)?3$(3)(:1&*(7&,*/("(0%3$135(3)(4'"$%7&(2)#J2)#(?*("(0%3B*2&('$('"3U
en
S((8$(((3&(((%$*9$(((,*.$7*(($3"'"W((=9*$15(((;5:1G%)'/((,G1G%2)J?*(3$6)'(((6&((()?5U(((-$*2&7*D(((@159*7*J,5D(((H(
.J$,&7*((2&.:)'(((:*#6((.5(3"%:&#6'$7*((3$2$,1&((3G%2(("((.5((=53&7*(((0%:1J"(41"$65(3"#)%5D
c(3$(g*(3)#($1(>*($7*%:*:&($.)61$(%"$.:15(#**(2&(#*:1$'*&1&U(I%(3","1(2&(:1$."$1&(#5:)15(.:15=*'&(0%4).:&($'&(
.$:)')*U(8$(>*&3$1&(4&$#($6$1(>'5351*(2&('$(4)1$(7&,**U(@1&%$2&(2&(#G%5(.>G1:&35($&1)'(?*(&X6'"2&$=5(3)(
:1".%&:&($.3)7*:&U(H1*3&($256".:/("1*3G:(2&(#*3/($.3)%2&()%(."'2$:($'(\1#$:&*(!"?**/(4$:$(.5(')6:&(3)()%(
2*.61&7(>$%$:*3(>$75(2&(#"$1:&U
A*3)7)'(4&#&(0%>)%2$:/(.&(0#6'&:*3&?:&(?*(.&(1&$=&#5(2&(6&1&:&/(6'*%(2&(.G%4&U
S((A*3)7)'&D(.:1*4(&)(3)61*%.(2&(6$%*35/(?*(#5($1)%3('G%$5(&'U
F&.3B*2&("3B**(?*(#5(61*,&?:&(:)'9)1&U(F*%(6$1:&$("6).5/($6$1&(0%(>)45(C"1:$/()1#$:(0%2&$61"$6&(2&(@1&4"1/(
3$1&($2)3&("(:1).5(#&2*3$'5U
S((\*(((#)1*:W((0%:1&$95(((C"1:$/((($6'&3G%2)J.&(((6&.:&(((A*3)7)'U
S((K)D(15.6)%2&($3&.:$U(+6)13$7**(5*$(#J$)(0#6)?3$:(0%(4G:U
S((]*1J$?($'(%$*9**D(&X3'$#5(C"1:$()*#*:/(2)65(3&(*J$(2&.>53):(A*3)7)')*(((4)'&1)'(((2&(((E$((()%*>"1#5U
S((Z52(61*%(:*%&D(KJ$#(#$*(6"#&%*:($?$(3&,$D(E$()*:$7*J,5D($1$:5(&'(.61&("1*>*3*)'(2&(*%:1$1&($'(4'"%7)')*U(
\>)1*.*:)'($(:1&3):(61*%(((&'(((3$(((61*%(((91G%=5U(((\1((>*(((6):):(((.5J*(((=9"$1&(((.35>G1'*$U
S((c1$(.J"(.>&3'&?:*(15)(2&(:":/(0*(.6)%&(@1&4"1/($65.G%2()%(9$%2$T((6&("1*>*3*)'(2&((*&?*1&($'(4'"%7)')*U(
+>*%:&((+*."&/(&?:*(3)($2&,51$:(((%"1"3".D(((F$35(((7*%:&$)((6)7*%(((#$*((.)./(($:&**((5?:*$(((*7*(3156$)(((7&$.:$U
S((c?:*(((0%(((.:$1&((.5((9&*((3&,$W((0*(((0%:1&$95((C"1:$J(0%41*T"1$*/(0%:*%=G%2)J*(((.:*3'$(((2&(((3*%3*((('*:1*/(((6'*%5(
3)(((,"235U
S((K)(((6)%&(((0%:1&951*(((*2*"$:&/(((15.6)%2&(((A*3)7)'(((,'54)*:U(0%?>$35(.:*3'$(?*("(4"'&?:&(6&(T)#5:$:&/(&X$3:(
0%(2")5=&3*(?*()%$(2&(((.&3)%2&U
S((<1&2((35(*&.&(61*%(45)1*((?*((*(.&(.3)14&((6&((B$*%&/(.6)%&(C"1:$()')*:U(K*3*()%("#(%"1#$'(%)(6"$:&(9&$($:G:(
2&(1&6&2&("($.&#&%&$((3$%:*:$:&((2&((,"235U
S((`*((((#*J$((((6*3$:((((>"$1:&((((9*%&/((((.).7*%&((((A*3)7)'U((((F)65(0%4B*7*:)1$($.:$(#5(.*#:(3$()%(%")J%5.3):D(
A$*(25J#*(.:*3'$("(2$:5D(((C1)%3)'((,1&$(((.5(9&$(2*%(('*3"$1&$((&1"*'"1D
S((F"$#%&/(,")5(,5(,*%&(.5(31&2&7*W(.:1*45(C"1:$/(3'5:*%G%2(.:*3'$((4"$'5U
I%(:1".%&:(.>G?*&(:53&1&$(?*("(6'"$*&(2&("9)=&(.&(615,5'&?:&/(=4)2)*%2(.$:)'U(E=9)3%&?:&(>"3)'U(Y"$:&(3$.&'&(
3)($3"6&1*?)1*(2*%(6$*&(.)%:(3)61*%.&(2&(>'5351*U
S((-$*2&7*(((.J"(((?:&14&#(((2&J$*3*(((6G%5(((.5(((%&(((=9"$1&(((E,$%(31&*&1**/((.6)%&(((@1&4"1U
S((\,&7*(1592$1&/(1G%T&?:&(A*3)7)'(?*(0%?>$35(6)?3$(3)(:1&*(7&,*(1&:&=$:&U(Z1&$)(.5(,52(2*%(3&(2*1&37*&(.&(
:1$4&U(C"$:&(35(2$)(2&((%&%"1"3*:)'((3$1&((#J$((45)1*:D
Y"$:$(%"$6:&$/(3B*$1(?*($(2")$(=*/(:1&9)*&(.5(>$3&#(>$75(:):)1"1("1"1*'"1(6".*9*'&h(0%(:1&*(=*'&/(0%$*%:5#(2"$1(
3G:&,$(.):&(2&(#&:1*U(<G%2(0%3&135#(.5(%&(:1$4&#(6)7*%(.)>'&:)'(0%($256".:)1*/(1)?**(3"%:1$$:$35/(#$*(
0%31G%3&%$7*(3$(%*3*"2$:5/(?*(.)%:&#(%&,"*7*(.5(%&(1&:1$4&#/(0%()1#5:"$1&'&(=*'&/(:1&3&#(61*%(*$2)'()%&*(')6:&(
3"16J'$J3"16U(K&("61*#(6)7*%(.5(%&("2*B%*#(?*(3"%.:$:5#(35(\'9&1:(&(.*%4)1)'(2*%:1&(%"*(3$1&(%J$(>".:(15%*:U
S((<)#(($*((1&)?*:W(0'(((0%:1&$95((C"1:$(#*1$:/(9$%2$TG%2)J?*(.:1G#9((1$%$(2&(('$((3$6U
S((C&(#*%&(%)(#5(2*9)*&(4'"$%7&'&(6&%:1)(35(.)%:(%&41)U(j\'9&1:(0?*($1$:5(2*%7**(0%:1J)%(=G#9&:('$14(?*(
61*,&?:&(0%(T)1)'(.5)Uk(C)1(?*(.*#6')(#5("3"'&.3(?*(.&(0%>*4(0%:":2&$)%$(0%(>)%2)1*($'9&D((<1&2&J#5/((&(()%(
#$1&($,$%:$T((.5(>**(%&41)((0%((15=9"*)'($'9*'"1D
L1-4/')!*7!1'2(,(')!-!.*74-/!*'!<$-B7!8%!'(0-!-*,./'$!-/,%/-/!93.%$*!,./,!'%!.,0%!/($0$.!+,!C'0%,:,'5 !
*-(,!+,03%./(,-:7!*7!K+3)=!p$/),(!,!*7)7':-!%3-./(75!-),.!.7!8%=74/'$-.*7!07(,B,),!%3-./(,!4)-%'($5!.$!%$*$!
3!4'/,(,!+$%!)'0,!%'6$!<-!4'/,-!:7+7(%$*$!0-(;')!4,!*-),-!4(,+,./$%-/7!*-(,!+'*,!.4(,!?$*/3($-!1$%-)7!-!
W,(0-%$,$">
LZ"*^*.3B&1(((9&"9$3B:&1_[/(OL(((*)'*&(((LMNN
S((N'!!!-<,0!!!,*2$4-0,%/!!!+,!!!$-(%75!!!.4'%,!!!$%/,%+,%/')!!!+,!*-04-%$,!s'',("!1'2(,(')!$6-!-.$&'(-/!4,!
*3%+'*7/3($$!K(0-/,$!*7!%'!<3(!0-$!=$!*-04-%$$!+,!$-(%75!!;$!+,*$!%'!0-$!,!%,<3$,!+,
,*2$4-0,%/!!-+,*<-/"
S((qqq(A-B$!93*!+,!0$%,5!.-'!*,Q!(-&,!EA,(./!p$%[-"!#'%/,0!)-!8%*,4'/')!)'$!%3$,0A($,"!J($0,),!:74,:$!-'!
*7:'/!-*'0!4-$.4(,:,*,!:$),"!C-*7!3!0-$!/$%,!-;-"!8%/(63!.74/70@%7!<30!=$!8%&(34-B$!h%
:74-+7!47%76%!&@/P
S((1'2(,(')!-;-!-!3(+3%-/"!N'!<3(!0-$!=$!*-04-%$$!+,!$-(%7"
h%/,%+,%/')!:@0A,;/,!!(,.,0%-/"
S((K$!8%%,A'%$/P!/'%7!p$%[-"!F')B$!+$%/(,!3-0,%$$!0,$!%'!-'!0-%/-),5!+3/-(,-!*'!0'%$B$,!,!)-!470@%/5!%,!
/(,A'$,!'),$!+,!$-(%7!4,%/('!!<,2$*'),!!;$!4,%/('!!-(0,5!!!.$!!0')/,!-)/,!!)'*('($P
S((d,&(,/"!!!p,((!!EA,(./5!!!(7.4'%+,!!$%/,%+,%/')!+,!!*-04-%$,!($+$*@%+!+$%!'0,($"!!!N'!-0!4($0$/ !
,*2$4-0,%/!+,!$-(%7!4,%/('!R3(4')!+,!-(0-/7"!hF!')/$0')!/(-%.43(/5!0$6-'!-+'.!+3-(!4(,)-/,5!3*2,)-($!+,!
4(3/,*B$,!4,%/('!!03/3*$*)$;/$!!;$!-%/$*3%*,4B$3%-),"
S((I;/$!%,A'%P!:A$-(7!p$%[-"!J(,)-/,!;$!-%/$*3%*,4B$3%-),P!m-!*,!+(-*'G!!%,!=3)3.,.*!*2,./$$),!-./,-Q
S(((?,%$B$!.7!<,+,B$5!EA,(./!p$%[-"!M(-%.43(/')!.,!-=)7!8%*7!8%!+,43:$/')!&7($$"!K0!.,0%-/!+,!4($0$(,5 !
A$%,8%B,),.P!C-(!*,!.7!=-*!,'!*'!0'%B$$!7$-!+,!4(,)-/,!;$!+,!A-$3%-.,!=(-%B':,;/$Q!p-A-(!%6-0P!I' !
*30-%+-.,0!%'0-$!*,,-!*,!%,!/(,A'$-O!'),$!+,!$-(%75!A)7%'($P!C'0%,-/-!*,6-$!*30-%+-/Q!I'!'%')!%6-0!
4($0$/!%$0$*!+$%!*,6-0!!*,('/"!!!K./,-!!.'%/!!3(+$%,),!!1'2(,(')'$5!!!EA,(./!!p$%[-P
\!PZ"*^*.3B&1(;&"9$3B:&1_(jH9.&1,$:"1)'(6"6"1)')*k(S("14$%)'(*'&(61&.5($'(6$1:*2)')*((%$7*"%$'J."3*$'*.:((4&1#$%(((T%"!/"V"
ML

@AA%BA!&CA%000B"00C$%
@&%&1$''&):%$%:(,"%(2&1(-&3B:/(3"#$%2$%:)'(2&(2*,*=*&/(0?*(6":1*,&?:&(#"%"3')'(?*(.&($6'&$35(6&.:&(B517*'&(
0#615?:*$:&(6&(#$.$(9):)35%"$.5U(<"#$%2$%7**(2&(1&4*#&%:($*(2*,*=*&*(?*(">*7&1**(2&(.:$:J#$T"1(.)%:($2)%$7*(
0%(3$#&1$(.3)%25U
F&?*1$:)'((?&>(2&(.:$:J#$T"1/(H9&1.:(,"%(;$'^/(&X6'*35(3)("(0%>57*?$1&((2)15((2&((3&(($)((&?)$:(($:$3)1*'&(
.)33&.*,&((6&(3)'#*U(S(K*#*3($':3&,$(2&3G:(.3)=&D(0%:":2&$)%$(.3)=&D(#G1G*&(&'(>)1*".U(j8",&?:&(B517*'&(3)(
$15:5:"1)'Uk(\2&,51)'(&(35("$#&%**(%J$)(((3)1$T/(((*$1((61"$.6&7**(((">*7&1*((.)%:(('*6.*7*((2&(((,'$45U(((\.:$(
:1&9)*&(.5(.&(.3B*#9&D(K)(#$*()#9'5#(3)(#5%)?*D(c(%&,"*&(2&(K("(#G%5(2&(>*&1D(<&'(#$*(#*3(.&#%(2&(
'$?*:$:&(.$)(,:$/-(,!,$(>*(6&2&6.*:(&X&#6'$1D(Z"1(>*(*%.:*:)*:&(<)17*(A$17*$'&(2&()14&%75/(3)(6):&1*(((2&6'*%&D(
F*.3*6'*%$(((,$((>*(((1&*%.:*:)*:5D((\:$35#((2&(((:1&*(.56:5#G%*(((.$%$:"1*)'(((2&((('$(((3":$(((N{M(((?*(((#"$1$U(
nV*%:$(((&(0%3B*."$1&$(H@CID(0%(3&(.:$2*)(%&($>'5#W(K&J$#(31$#6"%$:(2&(.$%$:"1*)(((?*(((2&(((#"$15D(((0%2$:5(
3&(((0%$*%:5#((6)7*%/((*%$#*3)'(1&3G?:*45(:&1&%D(<$1:*&1)'(@&%&1$'($D(])VB1&1)')*(*J$(2$:(<"16)')*(2&((($1#$:5(
:1&*(((=*'&((6&%:1)(((:1&$9$((($.:$U(((\*3*(((S((*=9&?:&(((3)($15:5:"1)'(6&('"3)'(0%.&#%$:(3)(1"?)(2&(6&(B$1:5S
&.:&(*%:1$1&$(.61&((.$%$:"1*)((?*((.61&((#"$15D(((Y1&3&#((6&J$*3*(((?*/((0%((3)1G%2/(6):&#(3)3&1*(3)'#&$/(2)65(
3$1&(%)(#$*(&(2&3G:("($1)%35:)15(2&(957(6G%5('$(31&$.:$()%2&(.&($>'5(6)?351*$U(H2$:5($T)%?*($3"'"/(6G%5('$(
K*61)(%)(#$*(&(2&3G:()%(6$.UVJ(Z"#(>*(61*#$(2*,*=*&(3$1&(,$((($T)%4&((('$((((K*61)D((((+&(((1*2*35(((#G%21)((((?*J
L(((61*,&?:&(((6&(3"#$%2$%:)'((2&((2*,*=*&U
<1)3&$(2&(<$,$'&1($(4&%&1$')')*(.3'*6&?:&(0%(')#*%$($'95U($('5#6**(3)(3$19*2U(;)=&'&(*(.&(0%4).:&$=5(0%:1J)%(
.)1G.U(+3"$:&(2*%(#G%&35("(9$:*.:5($'95(3)(3$1&(0?*(:$#6"%&$=5(>1)%:&$('$:5U(H3B**(.5*(1&3*/(3$(2&(6&?:&/(.&(
"61&.3(0%(21&6:)'(>*&351)*(">*7&1U
S((F"#%)'&(4&%&1$'/(.5(:15*7*D(61":&.:&$=5(3"#$%2$%:)'(2&(*%>$%:&1*&/(($.:$(("((.5((%&((3".:&((#)':&((,*&7*(
"#&%&?:*U
S((K)(&X*.:5(95:5'*&(>515(#"17*/(H9&1.:/(#G1G*&(4&%&1$')'(3)(2*.61&7U(K)(3"%:&$=5(6*&12&1*'&/(0%(*.:"1*&(*%:15(
95:5'**'&(3&'&(#$*(.G%4&1"$.&U
'D
S((Z$(>*(*#6".*9*'()%($:$3(>515($T):"1)'(.).7*%):($'($1:*'&1*&*/(*%:&1,*%&((((">*7&1)'(((("6&1$:*,/((((&,*:G%2(
61*,*1&$((((2&(((4B&$75((($(4&%&1$')')*U
S((<1&=*(35J#*(.6)*(3&,$(%")/(H9&1.:W('$:15(4&%&1$')'(:5*".U(I#6'&()%(6$B$1(3)(3"%*$3(?*(0'(:"$1%5(6&(4G:(3)(
)%(4&.:(.3)1:U
H("12"%$%75(0*()#6'&(2*%(%")(6$B$1)'U(@&%&1$')'(0?*(0%21&$6:5(.6*%$1&$(?*JL(.:156)%4&(3)(61*,*1&$(6&(
3"#$%2$%:)'(!&4*#&%:)')*(C$%=&1/(-*%^$/(">*7&1)'(3)("(.*%4)15(#G%5U
S((C'):"%)'(((O($((>53):J"(2&("$*&/((H9&1.:D((<)#(.J$(6):):(0%:G#6'$($?$(3&,$W(<&(653$:(35(#$*"1)'(;'$%^($(
>".:()3*.U(\1(>*($15:$:((>"$1:&((9*%&((0%((>$7$((<)17**(((A$17*$'&D
S((K&J$)(')$:(61*%(.)161*%2&1&/(.5(:15*7*D(.&($6515(-*%^$U(H1*3*%&($1(>*(35=):(0%(3)1.5D(Y$%3)1*'&($'&$(1).&?:*(
0%41"6$:&(&1$)(3"#6'&:(*%,*=*9*'&(3B*$1(?*(2&('$(2"*(6$?*U(E%$#*3)'($(1$./(6)1(?*(.*#6')/(2&(6&(>$7$(65#G%:)')*(
6'):"%)'(OU(A$*"1)'(;'$%^(%J$1(>*(6):):((.5(61&,$25(($.:$D
S((8$.5(.3)=&'&/(0'(0%:1&1)6&(:5*".(4&%&1$')'U(+)61$,*&7)*:"1**(V(6'):"%)')*(,"1(')6:$(3$(*%>$%:&1*?:*U(C"13*'"1(
5'"1$(6):)1"?*('&J$1
61*%2&(9*%&(6)7*%5(#*?3$1&U(K)(?:*)(2&3G:(.5(.:&$('$(35*2)1*35(0%(:$%3)1*D
S((C1&$((((9*%&/((((-&11((((@&%&1$'/((((.6)%&((((-*%^$/((((61*,*%2(2&=%525T2)*:(((0%(((:$,$%U
I1*(!*::#&*.:&1(2&('$(A":"3*3'*?:*(.&(6159)?&?:&(3)()%(=4"#":(.&3U(0%(352&1&/(:1$4&(2)65(&'(?*()%(.3$)%U
@&%&1$')D(0?*(6":1*,&?:&(#$*(9*%&(#"%"3')'(?*(&X$#*%&$=5(2&=4).:$:(:1)6)'(*%&1:U
S((c(((3"#$%2$%:)'(((#&)(((2&(((1&4*#&%:/(((!*::#&*.:&1(((H6&'/(2"#%)'&/((((.6)%&((((H9&1.:'&):%$%:(
Q*%^&'/((((3"#$%2$%:)'(!&4*#&%:)')*(((N(((<$,$'&1*&U
S((+3"$:&7*JL((($>$15(((6&(((.'595%"4)'(((5.:$D(((("12"%5(((.3)1:(4&%&1$')'U(((Y1$%.>&1$7*JL(((*#&2*$:((('$((()%(
1&4*#&%:(((2&((($.$':D
S((!*::#&*.:&1)'(((%J$(((2"1#*:(((2&((("(((.56:5#G%5/(((2"#%)'&D(0%3&$135(((H9&1.:'&):%$%:(((Q*%^&'(((.5J?*(
$6&1&(((">*7&1)'U
@&%&1$')'().357*,(0?*(1*2*35(61*,*1&$(2&(6&(B517*(?*(.&()*:5('$(H9&1.:'&):%$%:(3)("(&X61&.*&(.5'9$:*35U
S((07*(0%3B*6)*(35(&)($#(2"1#*:(2&(3G%2(2*,*=*$(#&$(0%3&$135(.5(((3)3&1&$.35(((6)?351*$W(((?)*&15(((&'(
154)?*:U(((A5(((,&=*(((6&(((#*%&(35=G%2(6&(2)?)#&'&'&($.:&$(1).&?:*(T&4"$.&W(+&(6159)?&.3(."'2$7**(*%(:1$%?&&W(
\':5(2$:5(.5(%)(#$*(,**(3)($.&#&%&$(.3)=&(61".:&?:*U(H9&1.:'&):%$%:(((Q*%^&'U(((K)(((2$)(((2"*(((9$%*(((6&((()%(
!*::#&*.:&1($2"1#*:U(8)$7*JL(2*%(>$7$(#&$D((F$35(,$(.)61$,*&7)*(2)65($:$3/(,1&$)(.5(>*&(:1*#*.(0%(>$7$(<)17**(
A$17*$'&(6&%:1)(.'59*3*)%&(?*(*%3"#6&:&%75(0%(.&1,*3*)U(j+&($6'&$35(2*%(%")($.)61$(B517*'"1(?*($1$:5(3)(
31$,$?$('"3)'($:$3)')*(0%3&13)*:(3)(1"?)Uk(\.3)':$7*J#5/(2"#%*'"1/(((:1G#9*7&$=5(((&'((6&(()%(((:"%(((#&:$'*3U(
<)'#&$((:1&9)*&
3)3&1*:5/(?*(2*,*q*$(#&$("(,$(3)3&1*D(<&'&'$':&(2")5(2*,*q**(,"1($:$3$(2*%(>'$%3)1*U(F*,*=*$(2&(1&=&1,5(,$(>$3&(
3)157&%*&(0%()1#$($:$3)')*U(Hf-[(#*J$(6&1#*.(3$(2*,*=*$(#&$(.5($:$3&('$b(3&%:1)U(]&'2#$1.3B$''(,"%(A$%%.:&*%(
$1&(0%31&2&1&(0%(%"*D(j0?*(:1&3&(#G%$(6&.:&(3$6)'(1$.Uk(F"#%*'"1/(,1&$)(.5(3)3&1*#(3)'#&$(6G%5(#G*%&(.&$15D(c()%(
"12*%D(`*(1&7*%&7*D(<*%&(%)(1&.6&3:5(3&J$#(.6).U(*%2*>&1&%:(2*%(3&(#":*,/(,$($T)%4&(*%(*$:5(<)17**(A$17*$'&(6&%:1)(
'$?*:$:&(?*(*%3"#6&:&%75U(j8",&?:&(2*%(%")(B$1:$(3)(31$,$?$Uk(c()%("12*%h(3B*$1(2$35(0#*(6*&12(:"$:5(2*,*=*$/(,"*(
3)3&1*(3)'#**&J$'&$(6G%5(#G*%&J.&$15D
F*%.61&()?5(.&($)2&("(9)>%*:)15(.&$35U(+&(6159)?*.&()%(8&):%$%:(2&($1:*'&1*&U(@&%&1$')'(.&($61*%2&('$(>$75(?*(0?*(
?>*3B*)*&?:&(%&1,".(3*=#&'&(3)(31$,$?$U
S((A$*(,1&$_(3$1&,$(2*%:1&(,"*(.5(3$25(0%(%$.W(?)*&15(&'(3)(15):$:&U(F$35(2$/(>$3&7*J"($3)#/(3$(.5(.3$6(#$*(1&6&2&(
2&(,"*D
+&($?:&1%&("('*%*?:&(#"11%G%:$'5/(0%(,1&#&(3&(2"*(.$%*:$1*(0'(*$)(6&(8&):%$%:(3$(6&()%(.$3(2&(3$1:">*U
S(((F5J*((21)#)'/((;$'^D(((*(.&($21&.&$=5(4&%&1$')'(?&>)')*(2&(.:$:J#$T"1U(((F$1(>**((.3)1:D((KJ$,&#(61&$((#)':((:*#6(
2&(6*&12):D
S((<"16)'(2&($1#$:5(,$($:$3$(#G*%&(0%(:1&*(,$')1*(.)33&.*,&/(0%3&6&(?&>)'(2&(.:$:J#$T"1U(F)65(3)#(,*(.J$(.6).U(
%"*(3"%2)3&#($:$3)'U(((Y":)'(((.&(((,$(((6&:1&3&(((>"$1:&(((1$6*2U(((K)(((,5(((,&7*((("61*/(*%2*>&1&%:(3$1&(,$((>*((1*6".:$(
*%$#*3)')*U(C"1%*#(2&($*3*/(2&('$(3":$(O{MU(+&(3"9"$15(1G6$(0%(>)45U(Z"#(>*($T):$7*(2&()%(9$1$T(3$1&(,$(>*($1)%3$:(
6&(3)'#&(?*(,$(3"9"10(6&(>'$%3)1*l("(.5J*(2&$(4$:$(6&(1)?*U(0%(>$7$(%"$.:15(.&($>'5(!&4*#&%:)'(dM(2&(4$125(.",*&:*3(
S()%*:$:&(2&(&'*:5/(3"%2).5(2&(4&%&1$')'(f"%*&,/()%(:*6(>"$1:&(2)1U((8*(.J$($'5:)1$:(F*,*=*$(vOL((;'*%2$:&(?*(
;1*4$2$(Lo(<$,$'&1*&U(((!&=&1,&'&(((,"1((>*((($*3*/((('$(((2")5=&3*((2&((^*'"#&:1*(((0%(.6$:&U((c((,"19$((2&((F*,*=*$(
ndL(((C)?3$?*/(3$1&(%)(1&61&=*%:5()%(6&1*3"'(((1&$'U(((F$35(((*%:15(((0%(((')6:5/((()%)'(((2*%:1&(((1&4*#&%:&(((0*(:&1#*%5(
*#&2*$:U(K)($)(%*3*(&X6&1*&%75(2&(')6:5(?*(%)(.)%:(%*3*(3)1$T"?*U(((C):&#((.:1*,*((3$((6&((%*?:&((652)3B*($2)%5:)1$(
$.:$((2&(7515%"*(*%.)>*3*&%:(*%.:1)*7*U(H9&1.:'&):%$%:(Q*%^&'/(,&*($:$3$(2&($*3*(3)(*%>$%:&1*?:**/(3$(.5(.).7*%&7*(
!&4*#&%:)'(C$%=&1U(+6)%&J'&("$#&%*'"1(:5*(.5(.&(7*%5(>"$1:&($61"$6&(2&(:$%3)1*U(+5($,&7*(0%()1#$(,"$.:15(?*("(
)%*:$:&($(C"'*7*&*(#*'*:$1&/(6&%:1)(#$*(#)':5(.*4)1$%75U((((+5((((>*&(((('*3B*2$7*((((:"7*(((3&*(((3$1&(((9$:(((0%(((1&:1$4&1&U(
H9&1.:(p3,&1./(>$3*(('&45:)1$(3)(2*,*=*$(2*%(>'$%3(?*(07*(3"%2)3*(!&4*#&%:)'((((o((((A":"3*3'*?:*((((6&(((()1#&'&(
!&4*#&%:)')*((((L{N(@1&%$2*&1*U
S(\#(((0%7&'&./(((.5(((:15*7*D(((#)1#)15(((H9&1.:(((p&,&1.((?"3$:/(B"'9G%2)J.&(('$((B517*U((`:*&((3&(0%.&$#%5(($.:$h(
3"%2$#%$1&((('$
#"$1:&U
`&>)'(2&(.:$:J#$T"1V0'(61*,&?:&/(=G#9*%2(4'$3*$'/(6&(H9&1.:(A)''&%/(3"#$%2$%:)'(!&4*#&%:)')*(LLN(C$%=&1(
@1&%$2*&1*U
VS(E$1(2)#%&$:$/(H9&1.:/(,&*($:$3$(0#61&)%5(3)(!&4*#&%:)'(L{NU(A$*"1(m$)%/(0%(3)1.)'(%"67**(:&(.:1&3"1*(61*%:1&(
'*%**(3)(;$:$'*"%)'(no(2&($.$':(?*($:$3*(6)%3:&'&(2&>&%.*,&($'&(*%$#*3)')*(3)(&X6'"=*,&(?*($1)%35:"$1&(2&(>'5351*U(
\61"6*&J:&/(m$)%U(\*3*(,&*(>$3&(91&?$U(j`&>)'(2&(.:$:J#$T"1('",&?:&()?"1(B$1:$(3)(2&4&:)'($15:5:"1Uk(Y1&9)*&(.5(,5(
#*?3$7*($?$(2&(1&6&2&/(2&(6$135(,J$1(#G%$(3B*$1(2*$,"')'(2&('$(.6$:&U(F&(>$6:/($?$(?*(&.:&U(8$("1$(-(,&7*($T)%4&(0%(
.6$:&'&($,$%6".:)1*'"1(*%$#*3&U(F$35(%)/("(.5(,5
3".:&((>"$1:&((.3)#6D
S((C1&$(9*%&/(2"#%)'&/(15.6)%2&(#$*"1)'(m$)%U(\#(0%7&'&.D(j0?*()#&=&?:&(9)=&'&().3$:&Uk(H(#*35(6'*#9$1&J%(1$*/(
0*(?"6:&?:&(&'(H9&1.:'&):%$%:)')*(Q*%^&'U(KJ"(.5(.3$6&(61&$(#)'7*(3)(,*$75D
S((y*J&((>1*35W((0%:1&$95((?&>)'((2&((.:$:J#$T"1/($)=*%2()':*#$(1&#$135U(F$35($*(*#61&.*$(35(#*.*)%&$(&(61&$(41&$(
6&%:1)()%)'(3$(((:*%&/(((.6)%&J#*D((((@5.&.3(((*#&2*$:(((6&(((3*%&,$(((3$1&(((.5(((:&
0%'"3)*$.35D
A$*"1)'(.&(0%1"?&?:&/(2$1(%)(1&)?&?:&(.5(15.6)%25(0%$*%:&(3$(?&>)'(2&(.:$:J#$T"1(.5($T)%45('$(H9&1.:(@1**%/(
3"#$%2$%:)'(2&
$1:*'&1*&U
S((H9&1.:/(2)#%&$:$(,&*(3"#$%2$(F*,*=*$(2&(\1:*'&1*&U(Z"1(#$*(>*(0%3"16"1$:&(2")5(6'):"$%&(2&(#"1:*&1&(?*("(
91*4$25(2&(K&9&'R&1>&1&[(((41&'&U(((<1&2((35((%)(:1&9)*&(.5J7*((.6)%(35(,$(>*(%&3&.$15("(.:1G%.5(3""6&1$1&(0%:1&(
:"$:&(9$:&1**'&(2)#*:$'&U(\*(3*%3*("1&('$(2*.6"=*7*&(3$(.5('&($2)%*('$"'$':5(?*(.5J7*(*%.:1)*&?:*(3"#$%2$%7**(2&(9$:&1*&U(
\#(1&)?*:(.5($2)3&#(?*()%(41)6(2&(#&:&"1"'"4*/(2&3*(%)(,"1(>*(61"9'&#&(0%(61*,*%7$($.:$U(F$35(%)($*(0%31&2&1&(0%(
,1&)%)'(2*%(3"#$%2$%7*/(6"7*(.5JL(0%'"3)*&?:*(3)
UU()%("#(3)(#$*(#)':5(&X6&1*&%75D(K)(%&(6):&#(6&1#*:&(.5(>$3&#(%*3*("(41&?&$'5D(Y":)'(2&6*%2&(2&(:*1)'(,".:1)U(
<""12"%$:"1)'(,".:1)(2&(:*1(&(,&1*4$(3&$(#$*(*#6"1:$%:5U(Y1&9)*&(.5(>*&()%)'(2*%:1&(3&*(#$*(9)%*("$#&%*D(C&(3*%&(
61"6)*W
S(-$)6:#$%%(-&%3^&'/(15.6)%2&(H9&1.:)'(>515(&=*:$1&/(0%21&6:G%2)J?*(61*,*1&$(35:1&()%(">*7&1(2&($1:*'&1*&(0%$':(?*(
.'$9(3$1&(%)(6$1&(.5($*95(#$*(#)':(2&(:1&*=&3*(2&($%*U(-&11(-&%3^&'($(>".:(:1&*($%*(*%.:1)3:"1('$(`3"$'$(2&(\1:*'&1*&(
2&('$(p**:&19)14U(KJ$(>".:(61&$(#)':5(,1&#&(6&(>1"%:/(2$1(&(>"$1:&($61&3*$:(2&(`3"$'5U(+)%:(>&1#(3"%,*%.(35(&(3&'(
#$*(6":1*,*:(">*7&1(6&%:1)($3&.:(6".:U
[Hf-(S(EA,([300-%+3!!!+,.!!!p,,(,.!!!S(((<"#$%2$#&%:)'(((+)6&1*"1((($'(\1#$:&*((T%6/"V"
[(((N,A,)],(=,(!e!!$1)%35:"1(2&((3&$75((T%"!/"V"
tr
S(+6&1(.5($*(21&6:$:&/('$:15(4&%&1$')'/(.>1&2&'*%2)JL(3)(61*,*1&$(6&(-$)6:#$%%)'(2&($1:*'&1*&/(3$1&(0%(#"2(
2&'*9&1$:(.:5(*%($>$1$(1$=&*(2&(')#*%5U(\.3)':5J#5/(-&%3^&'/(&(>"$1:&(*#6"1:$%:U(Y":)'(2&6*%2&(2&(>&')'(0%(3$1&($*(
.5(0%7&'&4*("12*%&'&U(KJ$,&#(:*#6(.5('&(1&6&:5#D(<"%:*%)5/(;$'^D(#G1G*&(&'(%&15925:"1/('",*%2)J?*(3*=#&'&(3)(
31$,$:$U(+)%:&#(>"$1:&("3)6$7*D
H9&1.:(@1**%(.&($61"6*&(2&(3""12"%$:"1)'(2&(:*1(.*(0*(:1$4&()%(4B*"%:(0%(3"$.:&U
S(((8$(21$3)V/(-&%3^&'D(?"6:&?:&(&'U(\*($2"1#*:(0%(6*3*"$1&D(Y1&=&?:&J:&/((("#)'&D((((I%2&J7*(((.)%:((("12*%&'&(((2&(
2&.3B*2&1&((($(>"3)')*W(((\1$:5J#*(((3&J$*(((.31*.D
<)("3B**(0#65*&%T&%*7*U(-$)6:#$%%(-&%3^&'(0*(0%:*%2&(H9&1.:)')*(:&$%3)'(3)(6'$%)1*'&(2&(2&3'$%?$1&($(>"3)')*U
S(((<&(%$*9$W(y*J$*(6*&12):(#*%7*'&W(6)>%&?:&(>)1*".(H9&1.:)'U(KJ$*(.31*.($61"$6&(%*#*3D(Z1&*(.5($T)%4&#(3)(:"7**(
0%(>$7$(<)17**(A$17*$'&W(8)$J:&J$1(21$3)VD(KJ$#(#$*(,5=):(%*3*"2$:5($?$(3&,$D(-&11((C"B'D(((.&(($21&.&$=5((&'(
$4B*":$%:)')*U(((;$45JL((0%((61*=5((6&(-&%3^&'U(((`*(((T*%&(((#*%:&(((3&J7*(((.6)%/(((-&%3^&'h(((%)(((#$*(((&?:*(((j$(
p**:&19)14U(F$35($*3*(>$3*(,1&"(41&?&$'5/(%)(#$*(.3$6*(2"$1(3)("(#)?:1)')*$'5U(!5.6)%=*(3)(3$6)'D(y*J&(15)W(+6)%&(
2$35(7*J&(15)D(+6)%&((("2$:5D
S(((K)/(2"#%)'&/(#5(.*#:(9*%&U(+)%:(2"$1(6)7*%(3$#("9".*:U
S((H9".*:D(.6)%&(2*.61&7)*:"1(H9&1.:)'U(H$1&(%)(.)%:&#(3)(:"7**((("9".*7*W
+&(0%21&$6:5(.61&(#$.$(3)(B517*(?*JL(61*,&?:&(%&'*%*?:*:(6&(4&%&1$')'(#*3(?*().357*,/(0%:1&9G%2)J.&(3)(3*%&(LJ$1(
6):&$(0%'"3)*(6&(-&%3^&'U(K)J?*(25(.&$#$(3)*($1(0%215=%*(.5J*(0%31&2*%7&=&($3&$.:5(.$13*%5U
S(((\*(')$:J"(1$=%$W(\*($2"1#*:(2*%(%")D(?"6:&?:&(.:G%T&%*:($4B*":$%:)'/(:154G%2)JL(2&(#G%&35(6&(-$)6:#$%%(
-&%3^&'U(]**($:&%:(?*(%":&$=5(3&(70(.&(.6)%&U(F$35(%)/($*(6):&$(2*.:1)4&(0%:1&4(<"16)'(((2&(($1#$:5(((3G%2(((,&*(
2&.3B*2&(((>"3)'D
S((K)(?:*)(3&J*(3)(#*%&U(C)1(?*(.*#6')(%)(6":(.5(.:$)(:1&$=U(.&((.3)=5(((-$)6:#$%%(((-&%3^&'U((.61*T*%*%2)J.&((2&(
6&1&:J&(.5((%)(3$25U(K*3*(#53$1(%)J#*($#*%:&.3(3G%2(#J$#(0%:*%.()':*#$("$15(0%:1J)%b(6$:D
S((0%(6$:W(=G#9&?:&($4B*":$%:)'(*1"%*3U(]**(#)'7)#*:(2$35($*("((.$':&$((2&((6$*&/(?*(($.:$((3$((.5((%)(:&(3)'3*((2*1&3:(
6&(=56$25D(C$:)1*'&(.)%:(6&%:1)(">*7&1**(.)6&1*"1*(2*%(+:$:)'JA$T"1U(c)(%J$#(#$*(((,5=):(((6$:(((2&(((2"*((($%*D
S(((F"*((($%*W(((#)1#)15(((-&%3^&'((()*#*:U(((c1$*(((0%U(((6&1#*.*&(61"9$9*'U(((H1*3&((."'2$:(($1&((:1&*(((.56:5#G%*((2&(
6&1#*.*&(6&($%U
S((+6)%&J#*/(-&%3^&'/(2*%g3&(6'$%&:5($*(6*3$:W(F&(6&(8)%5(.$)(2&()%2&W(C&1#*.*&D(+>G%:5(]&3*"$15/(6&(3&(')#&(
:15*&?:*W(<$
.5(6"7*(2"1#*(6)7*%/($1(:1&9)*(.5(:&($'&4*(3)("(1$%5(=21$,5%5U(F$35($#(%"1"3(?*(.)%:(15%*:/(%)(#5(#$*(.3"$:&(2*%(
6$:(,1&"(?$.&(')%*(%*3*()%(">*7&1(#&2*3($'(\1#$:&*D
S((s.:$J*(((.$9":$T/((0*(((1&61"?&$=5((-&%3^&'U
S((\.:$(31&=*(:)D(=G#9&?:&($4B*":$%:)'(3)(2*.61&7/(0%J3)1G%2(%J"(.5(#$*(4G%2&?:*($?$U(F$1($3)#/(07*("12"%(.5(:&(
:1&=&?:*D(F$35(%)/("(.J"(657&?:*()1G:(2&(:":U(+$13*%$(6&(3$1&($*(61*#*:J"(%&3&.*:5(3&,$(#$*(#)':(2&3G:("3B**('$14(
2&.3B*?*/(0%('*#9$T)'(2&(6&(>1"%:/("(.5J7*(0%3*%4&#(>)%2)'(6G%5(3&(.&(6":(615T*(")5(6&(&'/(2$35("
>$3*((2&(("$*&D
H(&X6'"=*&(0%>)%2$:5(0*(0%:1&1)6&U(<'52*1&$(.&(3):1&#)15U(A$*(&X6'"2&$=5(0%35(2")5(9"#9&U(K*3*()%)'(2*%(">*7&1*(
%)(6$1&(.5(9$4&(3&,$(2&(.&$#5U(`&>)'(2&(.:$:J#$T"1(%)(.&("61&?:&(%*3*("(3'*65(2*%(61&=&%:$1&$(6'$%)')*(2&($:$3U
F*%(((0%:)%&1*3(((.&(((2&.61*%2(((7*6&:&(((?*(((4&#&:&(((.>G?*&:"$1&U
-$)6:#$%%(-&%3^&'(.&()*:5(*1*:$:(.61&(*%:1$1&$(3$#)>'$:5U(C&12&$)$(%&$415(>G'>G*&(2$:"1*:5(.)>')')*U
S(((;"#9$12*&1&W(?"6:&?:&(&'U(<'*6&?:&(0%.65*#G%:$:U(\9*$($(.".*:(((6&(((>1"%:U(((8$(((p**:&19)14(((%)(((>).&.&15(
%*3*"2$:5(((1$*2)1*
$&1*&%&U
S(((<1&2(((35(((6"7*(((.5((('&(((%)#&?:*(((?*(((9"#9$12*&1&/(((.)1G2&($4B*":$%:)'(.>*25:"1U(K"*(D&(.6)%&#(P1G?%*7&_U(
+)%:(>"$1:&(#)':&U(;*6'$%&(,&3B*/(3)(9"#9&(3$1&($:G1%5(2&2&.)9:(3$(%*?:&(3G1%$7*('$(#53&'51*&/(0%(3'*6$(0%(3$1&(
6*'":)'(,&2&("(')#*%5('$(."'U(*$("(9"#95(2*%(3G1'*4(?*("($1)%35/(0%3&$135(2"$1(.5U(:&(6'*#9*(3)("[(7*4$15($61*%.5(0%(
4)15U(Y&($.*4)1(3J"(.5(:&(:1&=&?:*(3)("(9"#95(0%(3$6((3G:(($*(((=*3&(((6&?:&D
<G:&,$(&X6'"=**(0%J'$%7(.>51G#5()?$/(3$(?*(3)#($1(>*(>".:('",*:5(2&()%(6)#%()1*$?/(0%(3$#&15(*%:15()%(,$'(2&($&1(
1&3&(?*(2&(=56$25g(3$1&(.:*%4&('5#6*'&(2&(3$19*2(3)(.)>')'(.5)(0%4B&7$:U
S(0%3B*2&7*()?*'&(?*($61*%2&7*(')#*%*'&/("12"%5(%&1,".(4&%&1$')'/(?>*3B*)*%2)J?*(%&15925:"1(3*=#&'&U(8)#*%*'&D(
1&6&:5(&'U(8)#*%*'&/(')$J,J$1(%$*9$D
<G7*,$(.&#%$'*=$:"1*(.&(0#6'&:*3&.3(0%(61"61**'&('"1(6*3*"$1&/(,&%*%2(0%(>)45(3)($':&('5#6*/(0%(3G:&,$(3'*6&/(
0%356&1&$(&(.35'2$:5(0%(')#*%5U(I%$(2*%:1&(&'&(:1".%&?:&(?*(>G.G*&U(@&%&1$')'
"((61*,&?:&((&%&1,$:U
S((]$3&7*J*((3&,$((.5((:$35D/(=9*$15((&'/((1"?)((2&(((#G%*&U
I%(I%:&1">>*=*&1(.&#%$'*=$:"1(0%3&$135(%&1,".(.5(1&4'&=&($1=5:"1)'/(2$1('$#6$(3"%:*%)5(.5(9"'9"1".&$.35U(C$135(
$1(,1&$(.5JL(.G3G*&(6&(4&%&1$'U
I%:&1">>*=*&1)'(.&(>1*4&('$(2&4&:&/(0%.5(%)($1$:5($3&.:(')31)U
S((E$(('$#6$(2&J$*3*D(((\>$15(3)(&$D(((1$4&((4&%&1$')'g(154)?*:U(I%:&1">>*=*&1)'("(0%?>$35(?*(*&.&(3)(&$(2*%(0%356&1&/(
0%($3&'$?*
#"#&%:(((.&((($)2(((&X6'"2G%2(((%*?:&(((9"#9&U(((I%:&1">>*=*&1)'(((&
Mn
$1)%3$:(0%$6"*/(3)('$#65(3)(:":U(+&(615,5'&?:&(0%:1J"(6'"$*&(2&(3*"9)1*/((9)357*(((2&((3$1%&((.>G?*$:5((?*(((:&%3)*$'5U
S((<&(6"1351*&/(#G1G*&(4&%&1$')'(7G>%".U(+:1G%4&7*(#*=&1*$/(?*(B$*(((.5((3"%:*%)5#U
+&(&X6)%&(6&(.3)1:(6'$%)'(#$1&')*($:$3U(I%:&1">>*=*&1)'(#"1:(?*(9"#9$12$#&%:)'(%)(6$1($($,&$(,1&"(*#6"1:$%75U(
<G7*,$(."'2$7*(.:1G%4(1$6*2(:"$:&(15#5?*7&'&U
S((Y1&9)*&(.5(7*%:)*#(*%$#*3)'(3)()%(9$1$T(.3)1:(?*(,*"'&%:W(0%:1&$95(((%&.*4)1(3"#$%2$%:)'(((2&(($1:*'&1*&/(((H9&1.:(
@1**%U
S(((;*%&0%7&'&.D(((15.6)%2&(4&%&1$')'((*1*:$:/(6":1*,*%2)J?*((#$*(9*%&(#"%"3')'U(F$1(3&J$*(,1&$(.5(>$3&#W(]"3)'(:5)(
,$(352&$(0%(P7$1$(%*#5%)*_(?*(,$(0%$*%:$(0%(>$7$(*%>$%:&1*&*/(3$1&(,$(>*(%&,"*:5(.5(.&(7*%5(.:1G%.(0%()1#$(')*U(H(.5(
#"$15(3G7*,$(61"?:*/(2$1($.:$(&("1*3)#(*%&,*:$9*'U(E%$#*3)'(%J"(.5J?*(6"$:5(0%3B*6)*(35(.)%:&#(3B*$1(0%(.6$:&'&(
9$1$T)')*U(Z"1(>*(')$7*(61*%(.)161*%2&1&(?*(%)(,"1(#$*($,&$(:*#6(.5J?*(6)%5($1#&'&(0%(6"=*7*&(2&(:1$4&1&U(8&(,"#(
2*.:1)4&($1:*'&1*$(41&$(3)("9)=&'&(%"$.:1&U(K)()*:$7*/(2"#%*'"1/(:1&9)*&(((.5(((61">*:5#(((2&(((#"#&%:)'(((0%(((3$1&(
,"1((>*(((')$7*(((61*%(.)161*%2&1&U(H9&1.:'&):%$%:(Q*%^&'/(2)#%&$:$(,&*($:$3$(0%(3G#6(2&.3B*.U(`:*)(35("(.5(>*&(
>"$1:&(41&)/(2$1(.)%:(3"%,*%.(3J"(.5(:&(2&.3)13*U(((c?:*((()%((("#(((2&(((0%31&2&1&U(((F$1(((%)((()*:$(((.5(((#&%7**(
'&45:)1$(3)($#9&'&(>'$%3)1*U(F$35(%)/(.)%:&#(6*&12)7*D(E%$#*3**(.)%:(&X6&17*(0%($(3"%:1$$:$3$(61*%(="%&(*="'$:&U(
<&$(#$*(#*35(41&?&$'5(>53):5($*3*(S(6"3%&?:&(3)(31$,$?$(6&.:&(B517*(S(?*(%&(6):&#(((3"%.*2&1$(((:&1#*%$7*D
E%.:1)3:$T)'(3"%:*%)5(0%35(T)#5:$:&(2&("15U(H(2$:5('$(3G:&,$(,"19&/(.&($)2&("($#&%*%7$1&(3)(61*,*1&('$(<)1:&$(
A$17*$'5(?*('$(6)?351*&U
0%(>*%$'/(4&%&1$')'(.)9'*%*$=5(1&.6"%.$9*'*:$:&$(2&".&9*:5($(.)6"1:)')*($1:*'&1*&*U(C)%&(#G%$(6&()#51)'(')*(H9&1.:(
@1**%U
S((@1**%/(:&(1"4/(61"#*:&J#*(35J*(,&*(0%'"3)*(6&(3&*(0%(3$1&(%)($*(0%31&2&1&(2&6'*%5U(I%(.*%4)1(:G#6*:(61*%:1&(
">*7&1**(:5*(6"$:&(.5(%&(2&$(:":)'(6&.:&(3$6D(j0?*(2)3&(#G%$('$(9"%&:5Uk(F"#%*'"1/
,5(#)'7)#&.3U(Z5(2"1&.3(:":(%"1"3)'(2*%(')#&D(F$35($:$3)'(%)(((r_(1&)?&?:&/(%*3*()%)'(2*%:1&(,"*(%)(,$(#$*(>*(
">*7&1D(y*%&7*(#*%:&(((/J$.:$D
S((F)#%&=&)'&/(((*$15?*D(((?"6:&?:&(((H9&1.:(((@1**%/(((&X$.6&1$:U(-$)6:#$%%(((-&%3^&'(($(($2"1#*:((2*%(((%")U
S((0#*((6$1&(((15)/((2"#%)'&D(((9"'9"1".&?:&((-&%3^&'((1)?*%$:U(K)J#*((2$)((.&$#$((3&J*(3)(#*%&/((.*#:(35((%)(#5(
6":($2)%$U
S((<&(#5(>$3(3)(:*%&W(0%:1&$95(H9&1.:)'(0%41*T"1$:U(K)($#(0%'"3)*:"1(6&%:1)(>)%37*$(2&(3""12"%$:"1(2&(:*1U(\?(
6):&$(%)#*("1*3G%2((()%(((Q$3B:#&*.:&1(3)((&X6&1*&%75/((2$1((2&((2$:$($.:$((&($9."'):((*#6".*9*'U((Y1&9)*&((.5J7*((,**(
0%(>*1&D((8)$J:&J$1(21$3)V/
Me
"#)'&/(,*%"J7*("2$:5(0%(>*1&D(1&6&:5(&'U(:154G%2)JL(3)(6):&1&(2&(#G%&35(((6&(((">*7&1)'(((."#%"1".U(((y*J$*(((%":$:(
:":W
S(((F$U(2"#%)'&/($#(.31*.(:":/(.5(:15*7*D(K)(&(61&$(3"#6'*3$:U(Z5(((6):&7*(((9*=)*(((6&(((#*%&/(((2"#%)'&D
S((+6&1((2*%(((:":(((.)>'&:)'((.5((>*&(($?$U(((F$1((%)((:&(($#54*((3)(4G%2)'(35(,$(>*("(.$13*%5()?"$15U(C&%:1)("1*3&(
&,&%:)$'*:$:&/(.5(#$*(1&,&=*("(2$:5(6'$%)'(0#61&)%5(3)($4B*":$%:)'U(H9&1.:)'(0?*(*$(B$*%$((')%45((2&((9'$%5((2*%(
3)*&1U
+&1,*$9*'/((-&%3^&'((0%3&$135(((.5JL(($T):&(((.5(((.&((0#91$3&U
S((Y&1#*%5(((3)((:G#6&%**'&/(1*6".:&$=5((%&1,".(H9&1.:)'U((K)(&?:*(('$((6"6":$((">*7&1*'"1U(K)(#$*(6*&12&(:*#6)'/(
)*:5J:&(0%35("(2$:5(6&(*%.:1)37*)%*U(+5(:&($T):&(21$3)VU(F)#%&=&)(?*(:"7*(.>*%7T*/(-&%3^&'/(#)1#)15(3*(0%(:*#6(3&(
*&.&/(0%3B&*%2)J?*(3&%:)1$/(0?*(.3"$'&(6*.:"')'(2*%(:"3(?*JL(9$45(0%(9)=)%$1)'(2&('$(B$*%5/(3$(.5J*
>*&(((#$*((('$J%2&#G%5U
-$)6:#$%%(-&%3^&'(61*,&?:&(0%(4"'U(+*#:&(3)#(0%356&1&$(.&('&$45%5(3$("(3"1$9*&(6&(,$')1*U(K)J?*(2"1&?:&(2&3G:(
.5(.&(0%:*%25(6&(T".(?*(.5(2"$1#5/(.5(2"$1#5UUU
PY1&9)*&(.5(>$3()%(2)?(1&3&(3$(4B&$7$_/(4G%2&?:&(&'/(?*(0?*(3$'35(.*%4)1(2&4&:&'&(2&('$(6*3*"$1&(6G%5(3G%2(2)1&1&$(
$T)%4&(0%(21&6:)'(4&%)%3B*'"1U(F$1(%)J*(>"'".&?:&('$(%*#*3U(]&7&'&(0%3&7"?$:&($'&(">*7&1*'"1(2*%(3$#&15(.&(0%,G1:&.3(
0%(T)1)'(.5)/(I%2&,$/(2&6$1:&/(3*%&,$(,"19&?:&(2&.61&(.*%31"%*=$1&$
3&$.)1*'"1U
I%(#$*"1(2*%(K&9&',,&1>&1(0'(0%4B*"%:&?:&(0%(3"$.:&/(0%.5(%)($)2&(2&3G:()%(.*%4)1(3),G%:h(P\?:&$6:5D_U(K)(?:*&(3&(
:1&9)*&(.5
$?:&6:&U
S((y*J&(((15)W(((<&(((21$3)V((($*W(((0%:1&$95(((:5*".(((#$*"1)'U
S((+)%:(((2"$1(((6)7*%((("9".*:/(((2"#%)'&U
S((+6&1(2*%(:":(.)>'&:)'(3$(%)(&?:*($:G:(2&("9".*:(0%3G:(.5(%)J7*(0%2&6'*%&?:*(3$(')#&$(.$13*%$(2&(3""12"%$:"1(2&V:*1U(
F$35(2$/($*(>$3&(#$*(9*%&(.5(:&(0#9"'%5,&?:*(*#&2*$:U(;5%)*&.3(35("1(.5(:&(0%3B*25/(2$1(3(#$*(9*%&($?$(2&3G:(.5(
.:1*3*l(:"$:5(:1&$9$D(F$35(>$3*(,1&"(61".:*&/(:&(:1&=&?:*(0%(>$7$(<)17**(A$17*$'&/(H(.5J7*(=9"$1&(b(.35>G1'*$/((($#*3&D
S((0#*(1&,*%(*#&2*$:/(2"#%)'&/(**($.*4)15(-&%3^&'(3)("(,"3&
T"$.5U
S((+6&1($'(%$*9**(2&(#)':D(y*J$*(%":$:(3"1&3:(*1*:&1,$')1*'&(2&(:*#6W((0%:1&$95(((#$*"1)'((.).6*3*"./((61*,*%2)JT((')%4(
6&((-&%3^&'U(F$35(((2$*(((21)#)'(((1$3B&:&'"1(((61&$(((2&,1&#&(((.$)(((61&$(((:G1=*)/(0%:1&$4$(((1&61&=&%:$7*&((.&((,$(
1*.*6*((*%((,5=2)BU(((F5J#*((.5((1&,52(*%:&1,$')'(2&(:*#6D(((-&%3^&*(0*(0%:*%2&(:53):(BG1:**'&/(?*((#G%$J*
:1&#)15U
+:1G%4G%2(2*%(9)=&U(#$*"1)'($1)%35("(61*,*1&(6&.:&(3"'"$%&'&(2&(3*>1&(.*(3$'3)'&U(<"%.:$:5(3)(.$:*.>$37*&(35(3*>1&'&(
.)%:(3"1&3:&
E0000''
0%(((3&&$(((3&(((61*,&?:&((($1)%35:"$1&'&(((.$'&(((2&(((3&$75U
K)(?:*&(0%.5(35($3&.:&$(.)%:(0%.&#%51*'&($4B*":$%:)')*l(-&%3^&'(%*3*(%)('&J$(,5=):(#53$1/(2$1('&(,$(3"6*$U
S(((F)J:&((((.5((((2"1#*((((3G:&,$(((("1&/(((0D((((.>5:)*&?:&((((#$*"1)'/(95:G%2)JL(3)(#G%$(6&()#51U(Y1&9)*&(.$($*(#)':5(
,'$45(3G%2("(.5(#3&$65(2*.:1$37*$U(\':>&'/("(.5(:&($'&4*(3)()%(3)7*:(0%(9&1&4$:5D(0?*(($:*%4&(((,G1>)'(((9"%&:&*((3)(()%(
2&4&:((?*((6"1%&?:&(($4$'&((.61&(3"#$%2$%:)'((9$:&1**'"1U
H9".*:(?*($#&7*:/(-&%3^&'(.&($?$=5('$(#$.$(?)91&25/($'5:)1*(2&($4B*":$%:U(<&13&:&$=5(0#61&)%5(61"41$#&'&(?*(
7*%:&'&(:)%)1*'"1U
S((I%(.*%4)1(')31)($?(,1&$(.5J7*(.6)%/(*(.&($21&.&$=5(."91)($4B*":$%:)'U(+5J7*(,&1*>*3*(1&7&$)$(:&'&>"%*35U(K)('5.$(
%*#*3('$(,"*$(((0%:G#6'51**/(((0%(((3$=((35((.J$1((*,*(((,1&"((61"9'&#5/((?&>)'((2&(.:$:J#$T"1((((,$((((65.:1$(((('&45:)1$(
3)((((:*%&((((61*%(((($6$1$:)'((((2&(&#*.*&J1&3&67*&U(((F$35(((7*(((.&(((6$1&(((3&,$(((%&3'$1/(((.6)%&((($3)#D
S((K)((.)%:()%(0%415#52*:/(15.6)%2&(-$)6:#$%%((-&%3^&D(>)1*".U(K)(.)%:(>"$1:&(#)'7*(.6&3*$'*?:*(3""12"%$:"1*(
2&(:*1('$(>&'(2&(9)%*(3$((#*%&U((F)65(651&1&$(#&$/(:"$:5(')#&$($(>53):(2*%(7G%7$1((($1#5.$1U((((K"*(((%&J$#(((T)3$:(
3)(((3B&.:**(((2*%((($.:&$((('$(p**:&19)14U
S(((F)#%&=&)'&((((\:":6):&1%*3/((((#"1#5*&((($4B*":$%:)'/(.)*%2)J.&(0%((f**9&'((2G12G*%2U((+&(_0%3'*%5((.61&(?">&1(
?*J*(.6)%&h(\1#5.$1)'(5'$(*%>$:)$:(2&(4$1%*="$%5(%)J?*(25(.&$#$(35(&(3)()%(6*3*"1(0%((>$7$(6'):"%)')*(2&(&X&3)7*&/(
p):&19)14D((c("(T"$35(2&(3"6**(0%(3"#6$1$7*&(3)(3&($,&#(%"*(2&(>53):D(K*3*(%)(#J$?(#*1$(2$35($2"1#*:)'(5.:$("(.5J
?*(>1G%45(4G:)'(2*.&$15D(8$(!&4*#&%:D("12"%5(&'((.3)1:/(0%,&'*%2)J.&(3)("(65:)15U((F"$#%&/(3&(>1*4(&D
f**9&')'(((2&1$6&$=5(((2&((3G:&,$(("1*((?*(((&((6&(6)%3:)'(2&($(.&(15.:)1%$(((0%:1J)%)*(((2*%(((?$%7)1*'&(((2&((('G%45(
?".&$U
S((<&*(((3$1&(((,"1(((.356$(((3)(((,*$75/(((#"1#5*&((($4B*":$%:)'(0%4G%2)1$:/(%)(,"1()*:$(61&$(1&6&2&(95:5'*$(6&%:1)(
0%3B*."$1&$($*$(((.6)13$:5D
S((`:*7*/(2"#%)'&(!*::#&*.:&1(S(.6)%&(?">&1)'/(I%:&1">>*=*&1(+:"'=/(1&21&.G%2(,"'$%)'(6&%:1)($(&,*:$()%(.:G'6(S/(
2$35($?(>*(0%('"3)'(4&%&1$')')*/(DJ$?('5.$(21$3)')*(6&(E,$%(3)(0%3B*."$1&$(')*(3)(:":U((EJ$?(('5.$(?*((.$%$:"1*)'/(?*(
#"$1$U((\,&#(2&.:)'(('"3(3$(.J"(')5#(((6&J$'5:)1*U
S((F$1(%)(&?:*(4&%&1$')'/(1G%T&?:&(.$13$.:*3($4B*":$%:)'U(<G%2(.&(((,$(((:&1#*%$(((15=9"*)'/(((:)(((:&(((,&*(((0%:"$13&(
$3$.5(((?*(("((.5((:&($%4$T&=*((*$1((?">&1((2&((3$#*"%/((3B*$1((2$35(((,"#((3)3&1*((.$)((%)(0%3B*."$1&$U(((F$1(((,&=*(((:)/(
3"#$%2$%:)'(((%".:1)(((2&(((2*,*=*&(((&(4&%&1$'J'"3":&%&%:(((?*((($1&(((6&((()#51(("((.*%4)15(((.:&$(($)1*&U(((EJ$1(6'53&$(
>"$1:&(((#)':(((3$(((6G%5((('$(((.>G1?*:)'(((15=9"*)')*(((.5(((#$*(61*#&$.35(((0%35(((2")5U(((@&%&1$'**(((3"%.*2&15(((35(
15=9"$*&'&((.)%:
())
:53):&(6&%:1)($,$%.51*U(F$35(')5#(6)?351*$/(4&%&1$')'(%".:1)('"3":&%&%:(,$($T)%4&(4&%&1$'(2&(3$,$'&1*&(?*/(3*%&(
?:*&/(6"$:&(.&(,$($'&4&(?*(3)("(6$%4'*35(3"'"1$:5(2)65(4G:U(`*(2&('$(4&%&1$'(2&(3$,$'&1*&(%)(#$*(&(2&3G:()%(.*%4)1(
6$.(6G%5(g.5($T)%45(@&%&1$'JH9&1.:U(0%($>$15(2&($.:$/(2$35(%)(3)3&1&?:&(0%3B*."$1&$(H@CI/(1*.35(.5J?*(6*$125(
3"#$%2$/(.:&'&'&/(*$1('&$>$(0*(,$(>*
215#)*:5(((6&(((#5.)15D
S((A5(.3)=$7*/(2"#%)'&(!*::#&*.:&1/(.5(:15*7*/(2$1(#*(.&(6$1&($9.)12(3$(%"*/(41)6)'(2&($.$':/(.5(>*#(>53)7*(:&13*/(
%)#$*(3$(.5(61*#&$.35(()%((4&%&1$'((3G:&,$(((.:&'&((6&((()#51U
S((\*(21&6:$:&/(+:"'=/(2$1($.:&$(.)%:(1&4)'*'&(T"3)')*U(Y)($*(%"1"3((35(((&?:*(((?">&1U(((+'$,5(((F"#%)')*(((35(((%)(
>$3*(((6$1:&((2*%
1&4*#&%:)'((2&(($.$':U
S(((F$/(3B*$1($?$D(">:&$=5(I%:&1">>*=*&1(+:"'=/(.*#7*%2()%(>*"1
61*%((?*1$(((.6*%51**U
f)9&')'(((41&)((($'(((3"#$%2$%:)')*(((\1:*'&1*&*(((&((("61*:(((*$((("(*%:&1.&37*&U(<"#$%2$%:)'(0%.)?*(2*.3):5(6&(
#$14*%&$(21)#)')*(3)
-$)6:#$%%((-&%3^&'U
S((H61&?:&($*3*D("12"%5($4B*":$%:)'/(3$1&(.$1&(#$*(0%$*%:&(3$
#$?*%$(((.5(((>1G%&=&U
S(((c((((:":)'((((0%((((1&4)'5W((((0%:1&$95((((:5*".((((H9&1.:((((@1**%/
$256".:*%2)J.&(((2&(((,G%:(((0%(((.6$:&'&(((f**9&')')*U
S((F$/(((.5(((:15*7*/(((:":)'((&((0%((1&4)'5D(((15.6)%2&(($4B*":$%:)'/(6"3%*%2(((2*%(((35'3G*&U(((\#(((,&1*>*3$:(((0#61&)%5(
3)(((-$)6:#$%%
-&%3^&'U
H9&1.:)'(0*(>$3&()%(.&#%($61"9$:"1(2*%(3$6/(0?*(1*2*35(4)'&1)'(2&(9'$%5(6G%5(6&.:&()1&3B*(?*(61*,&?:&(0%41*T"1$:(.61&(
.:&6$(0%:)%&3$:5U(CG'3)1*(2&(%"1*(%&41*(.&(0%415#52&.3(6&(3&1U
S((H(,1&#&/(,"*(>*('$(+:$:)'JA$T"1($'(F*,*=*&*/(.6)%&(H9&1.:(J@1:*%/(95:5:"1*%2(=56$2$(3)(6*3*"$1&'&U(A5(45.&?:*(
$3"'"(2$35($*(,1&"(((%&'5#)1*1&U((-&%3^&'/((2$35((,1&*((3&,$/(0%:1&$95J#5($3)#D
S((C1&$(((9*%&/(((.5(((:15*7*D((((15.6)%2&(((-&%3^&'/(((3)((()%(((4'$.(:1&#)1$:U(H12*%)'(2&(2&.3B*2&1&($(>"3)')*(,$(
:1&9)*(.5JL(2$)(&)/(.$)((,$((,&%*(((2&(('$((2*,*=*&W
H9&1.:)'(((0'(((61*,&?:&(((0%#51#)1*:U(((K)J*(((,*%&(((.5J?*(((31&$25
)1&3B*'"1U
S(((\#(((:15*:(((.J"((($)2((?*((6J$.:$D(((.6)#&45((&'(((:)19$:U((KJ$*(61*3&6):(%*#*3(3'*%((3&((.J$((2*.3):$:W((;*%&0%7&'&.(
35(:)("(.5(2$*("12*%&'&U(F"$1(6&%:1)($.:$($*(>)%37*$(2&(3""12"%$:"1(2&(:*1D(+5(3"%:1"'&=*(((:*1)'((:)%)1*'"1D(
jH9&1.:)'(((#*T&?:&(("3B**((?*JL((61*,&?:&(.).6*3*".Uk((+6&1(35(((%J$*(((')$:J"((1$=%$((2&((:":D
S((K)/(.5((:15*7*D((Y":)'(&(0%("12*%&U(A*(.&(0%,G1:&?:&(6)7*%(3$6)'U(+)%:(3$#("9".*:(?*($#&7*:U(KJ$#(2"1#*:(2&(
>"$1:&(#)':5(,1&#&/(($2$)45(((&'(((.:G%T&%*:U
S(K)(&?:*(.*%4)1)'(3$1&(%J$(2"1#*:/(*J"(1&:&$=5(.3)1:(H9&1.:)'U(-$)6:#$%%/(%J$1(:1&9)*(.$(:&(6'G%4*U(Y)(%J$*($,):(
%*3*("(61"9'&#5(0%(3&*(:1&*($%*(6&:1&3)7*('$(p**:&19)14/(6&(3G%2(%"*($%*(:15*:($*3*(3$(?"9"'$%**U(`*($3)#(:&(,5*351&?:*(
3$("(#)*&1&(1&)#$:*35/(%)#$*(6&%:1)(35($*(15#$.(6)7*%(0%()1#5(3)(."#%)'D(F$35(%)(:&(.*#7*(0%(.:$1&(.5J7*(>$3*(
2$:"1*$/(.6)%&J"(6G%5(%)(&(61&$(:G1=*)D(Y&(6"0(>"'".*("1*3G%2(6&(6".:(2&(3)1*&1U
S((-&11(H9&1.:/(.)%:(*%.:1)*:(6&%:1)(>)%37*$(2&(3""12"%$:"1(2&(:*1(?*(%)(3"%.*2&1(35(#*.*)%&$($.:$(.6&3*$'5($1(>*(
2&".&9*:(2&(2*>*3*'5/(((15.6)%2&(((-3%3^&'(T*4%*:U
S((+)%5(61"#*75:"1/(1G2&(H9&1.:)'(9$:T"3"1*:"1U(@&%&1$')'("(.5JT*(((.3"$:5((((.*((((.)>'&:)'(((2$3$((((>$3*((((,1&"(
61".:*&D((((Z&1*>*35J7*('&45:)1*'&U(((Y1&9)*&(((.5(((#&$145((.:1)%5D((p-2!!'(')!s,$%+A('*2\"!-&%3^&'D($2$)45(&'/(
)13G%2)J.&(0%(f**9&*U(A$1*%$(2*.6$1&(0%:1J)%(%"1(2&(=56$25/()1#$:5(0%2&$61"$6&(2&(,&B*3)')'($4B*":$%:)')*U
S(((<1&:*%((&4"*.:D((9"#95%&((-&%3^&'U((Y&#9&')'(5.:$((%J$1(>*($T)%.(%*3*"2$:5(H9&1.:(2$35(%J$1(>*(>".:(15q9"*U(<&*(
#$*(9)%*(">*7&1*(((.)%:(((7*%)7*(((6&(((6".:(((2&(((*%.:1)3:"1*U(((E%.:1)3:"1**(((9)%*(>"1#&$=5(((">*7&1*(((9)%*U((`:*)((#)':(
#$*((#)':&(2&3G:((:*%&(2&.61&(3""12"%$1&$(:*1)')*/(6"13(0%31&=):(3&(&?:*D(y*J$)(:1&9)*:(2")5=&3*(2&($%*(.5($T)%4*(
H9&1.:/(*$1(&)($#(>".:(-$)6:#$%%(0%(:1&*($%*D(<G%2(((01%*(((,"*(((:&1#*%$((($*3*(((:1&$9$/(((,"*(((>*(((3B&#$:(((0%$6"*(
'$(p**:&19)14(((3)(((41$2)'(((2&(((#$*"1D(((p*4%*:/(((.&((()135(((0%(((#$?*%5/(0%>5.)1G%2)J.&(((#$*(((.:V1G%.(((3)(((B$*%$(
2&(((9'$%5U
S((E.).&D((((F"#%)'&(((-$)6:#$%%D((((EJ$)=*7*J*(((3)#((((9)9)*&D(#"1#5*&(((?">&1)'/((()%((H9&14&>1&*:&1(3$1&(
.&$#5%5((3)((A*3)7)'U
S((A$*(0%3&:(3)("915=%*3**'&/(H9&14&>1&*:&1/(:)%5(-&%3^&'/(35($':>&'((("((657&?:*D(((Z"19&?:&(((%)#$*(((3G%2(((&?:*(
0%:1&9$:D
H9&14&>1&*:&1)'(1*2*35(#*1$:(2*%(.61G%3&%&/(P!$B$:(0%4G#>$:(3&(&?:*D(0%T)15(&'(0%(4G%2U(K"*(,5(2)3&#(0%(.6*%$1&U(
\#(2$:(4$:$(*%2*,*=*(#)':(#$*($>)1*.*7*(2&3G:(:*%&D_
S(((-&11(-$)6:#$%%/((.5((:15*7*D((H9&14&>1&*:&1(+3B,,$1:=(3&1&(6&1#*.*)%&$(((.5(((,5(((0%:1&9&((3$1&(((&(((2&.:*%$7*$/(
.5(((:15*7*D
S((`:**(9*%&()%2&(:1&9)*&(.5(#&14&#/(#G1G*&(-&%3^&'(*1*:$:U
S(((K)/((.$(((:15*7*D(((KJ$#(((%*3*((3&$(((#$*(((,$45((*2&&U(2"#%)'&U(Vl(((S(8$(((<&%:1)D(((2&((3""12"%$1&((($(((:*1)')*/(
61".:)'&D
/(((S(<$1&((2*%:1&((&'&/((.5(((:15*7*W((+)%:((#$*(((#)':&/((2"#%)'&U
-&%3^&'(&(6&(6)%3:)'(.5(&X6'"2&=&/(0?*(0%3'&?:&$=5(6)#%**(.*J'
.:156V**1*4&(3)(((61*,*1&$(6&(H9&14&>1&*:&1)'(3$1&(=G#9&?:&($1"4$%:U
S(<&%:1)D(2&(3""12"%$1&($(>"3)')*(2&($1:*'&1*&D(8$(3$1&(:&
4G%2/&$*W
S((c)(%)(4G%2&.3/(.5(:15*7*D(0%35(2&(6&(,1&#&$(3G%2(&1$#(9*9$%/(#*(.J$(:":(.6).(.5(%)(#$*(4G%2&.3U(K*(.&(.6)%&$(
.5('5.5#(3B&.:*$(($.:$(6&(.&$#$(3$*'"1U((H1*3)#/(&*($)(3$6)'((#$*((#$1&D
S((\?$(31&=*W(.3)*65(>)1*".(-&%3^&'U(8$.5J#5('$(<&%:1)'(2&(3""12"%$1&($(>"3)')*((2&($1:*'&1*&(?*(61&=*%:5J:&('$(
9$:&1*&U(c?:*(&'*9&1$:(((2*%(((>)%37*&U(((K)(((,1&$)(((.5(((:&(((#$*(((,52(((%*3*"2$:5D
S((C1&$(((9*%&/(((.5(((:15*7*D(((1G%T&?:&(((?">&1)'(((%&65.5:"1U(C"1%&?:&(3)(.31G?%&:(2&(3$)3*)3)1*/(3"%2)3G%2(3)("(
,*:&=5
*%>&1%$'5(6&(21)#)'(6'*%(2&(BG1:"$6&U(H3"'&?:&(:1"*&%&'&(2&(=56$25/(2$1/(2&?*(4"%&$(%&9)%&?:&/(-$)6:#$%%(
-&%3^&'(.&(3)>)%25(0%:1J)%(."#%($2G%3U
H9&14&>1&*:&1(+3BR$1:=(0'(61*,&?:&(3)(3"$2$("3B*)')*U(C&(>$75(*(.&(0%:*651&?:&("(&X61&.*&(>&1*3*:5(?*(0%3&6&(.5(3G%:&(
3G:(0'(7*%&(4)1$h
I.!&,2/!!-)),.!!<3($$A,(5!I.!&,2/!!-)),.!!<3(A,$!C-.!I$!!<30!!C,:,0A,(!U($,&./!!+'!!$0!!F-$P!Z',(./!=7)$/!!+,( !
1'2(,(5!o%+!+-%%!!+$,!J3(/,$P\
8$()%(#"#&%:(2$:/(f**9&')'(2&1$6&$=5/(.&(15.)3&?:&(2&(3G:&,$("1*(0%(T)1)'($X&*(?*($')%&35(6&("(6$%:5($91)6:5U
+3BR$1:=(1G2&(3)(6">:5U(C$1&(35(0%:1J$2&,51(.&(2*.:1&$=5(2&(#*%)%&/(0'(61*,&?:&(2*%(%")(6&(-$)6:#$%%(-&%3^&'/(
3$1&($(35=):(6&(6"2&$/(6&(T)#5:$:&('&?*%$:U
S((\*(*#61&.*$(35(#5(6"7*(2$($>$15/(0%4G#>$:(%&%"1"3*:(3&(&?:*D(y*J$15:(&)(7*&D(<B*$1(2$35("(.J$T)%4*(.5(.:$*(0%(3$6(
?*(.5(9&?*("12*%&(((3)(((>)%2)'/(((:":(((%J"(((.5(((.3$6*(((2&(((95:1G%)V(((+3BR$1:=D(]1G%&$=5(91).3(0%(>$7$($256".:)')*(
0%(3$1&(.&($>'5(<&%:1)'(2&(3""12"%$1&(($(((:*1)')*U
S((C&1#*:&7*(((.5(((1$6"1:&=/(((.5(((:15*7*/((($#((($T)%./(((2"#%)'&D(+3"$'5($#*3&/(&(:*#6)'(.5($1)%3*(3)(>*&1(,&3B*(0%(
,51)'(E,$%U(F$35(:1$4*($*)1&$/("(.5J7*(45)1&$.35($*(%"?:1*(2&9'$D(j0'(.3):)15(,*"'&%:/((2$1((">*7&1)'((%*3*(%)(.&(
3'*%:&?:&Uk(Y1&=&?:&J:&/(>*1J$*($'(21$3)')*(2&(2"9*:"3D(Y$X*)'($($T)%.('$(2&.:*%$7*&D(-&*/(-&19&1:D(=9*$15(((&'((('$(
@&>1&*:&1)'(((3$1&(((.:5(((0%:1J"(((1G%5((('$(((*%:1$1&$((0%($256".:/(3)(3$1$9*%$($1)%3$:5(%"%?$'$%:(6&()#51U(Z*%"(.5(#5(
$T)7*D((c($*3*()%(:*35'".(3$1&(,1&$(.5(2"$1#5(6G%5('$(.>G1?*:)'(15=9"*)')*D
[((EV1$1&(2&(***33"(:*6*3(%3%*T3$.35U(*%(:1$2)3&1&(&X$3:5h(P+5J6(:V1G%4*(4G:)'(U?*(6*3*"$1&'&_((T%"/"V"
()D
[(Lu3-),!/(,*5g!/3-/,!.,!+'*5g!3')!+$%!+,*,0A($,g$%!0-$!p!4($0,;/$G"g!8%/@$!*-+,!1'2(,(')g!=$!4,!'(07!J-()$+')P>!jC$1$>1$=5('$()%(3G%:&3(
."'257&.3(4&1#$%k(T%"!/"V"
L{d
S((Y1$4&J*((()%$((('$(((9"$?&D(((0*(((.)4&1&$qU5(((-31931:(((%&65.5:"1/(#)?3G%2(((=21$,5%(((2*%:1J)%(((3G1%$:(((0%4B&7$:U
S((K)(.&(6"$:&/($#*3&U(Ü.:$J*()%)*(2*%:1&(41$%4)1**(3&*(#G%U(1G%T&?:&(((H9&14&>1&*:&1((+&B,,$1:=(((>&1*3*:U
S(((F&((()%2&(((LJ$*(((6&.3)*:W((0%:1&$95(((-&19&1:U(0%21&6:G%2)J.&($4$'&(((35:1&(((f**9&'U
S(((c(%")'(3""12"%$:"1(2&(:*1D((-$'&?:&(>*&1(.*U(0%('"3(2&(?*1$(.6*%51**/((($1&((("((('$#5(((2&(((.$9*&D
S(((!$B$:/(#"1#5*&(-&19&1:U(0#6*%4G%2)JL(6&(-&%3^&'($>$15(2*%((f**9&'((2&((6$135(($1(>*((>".:()%(.$3(2&(3$1:">*U(
EE('$.5(.5(.&(1".:"4"'&$.35(((6&(((6$%:$(((0%=56&=*:5U
S(((I%2&(#5($>')W(<&(.&J%:G#6'5($*3*W(q9*$15(-&%3^&'/(:1&=*:(*%((()1#$(((*#6$3:)')*(((3)((()%(((#"1#$%(((2&(
=56$25U
S(((C&1#*:&7*(((.5(((1$6"1:&qU(((.5(((:15*7*D((((Z5((($>'$7*(((0%(((!).*$/(2"#%)'&D((.:1*45(($#9**((."'2$7*/(2&"2$:5/(
.$'):G%2(3)(.:G%453*&U
S(((0%(((!).*$W(((#)1#)15(((-&%3^&'/(((61*,*%2(((%&1,".((.61&((3&1U(H(((P1G?%*75_(((1).&$.35(((.&((($61"6*&(((q4"#":".U(
E%(((2&651:$1&
7G?%&.3(>'5351*U(I%(:)%($):"#$:g(9)9)*&(.5'9$:*3U(@1&%$2&'&(&X6'"2&$=5(3)(.)%&:&(0%>)%2$:&/(0%(652)1&(.&(=51&?:&(
)%*:$:&$(#&:&"U(+*')&:&(0%:)%&3$:&(#*?)%5(2&(3"'"J3"'"U(H(1$=5(2&(')#*%5(.:159$:&(3&1)'(0%%"1$:U
-&%3^&'(*%:15(0%($256".:)'(2&(3""12"%$1&($(:*1)')*(3'5:*%G%2)J.&(6&(6*3*"$1&(?*J*(.$'):5(6&(3&*(2"*('"3":&%&%7*(3$1&(
0'(0%:G#6*%5U
S((Y":)'(((&(((*%((("12*%&W(((0%:1&$95(((&'((($1"4$%:U
\*3*(.&(.*#:&(3$($3$.5U(cl(0%(&'&#&%:)'(')*U(F&J$(')%4)'(6&1&:&')*(.&($>'5(%*?:&(3&%:1$'&(:&'&>"%*3&('$(3$1&(')31&$q5(
6$:1)(:1$%.#*.*"%*.:*U(C&("(#$.5(&(0%:*%.5(B$1:$(0%:1&4**(1&4*)%*/(6&(3$1&(.)%:(0%.&#%$:&(6)%3:&'&(3&()1#&$q5($(>*(
9"#9$12$:&/(0#61&)%5(3)('"3":&%&%7**U(-&%3^&'(0?*(%":&$q5(3""12"%$:&'&(?*(*%:&1,$'&'&(2&(:*#6(%&3&.$1&U
I%(3)1*&1($2)3&(1$6"1:)'(#&:&"1"'"4*3U(-&%3^&'(61":&.:&$q5U(!$6"1:)'(&(.31*.(%&4'*T&%:(?*("12"%5(.5(>*&(1&>53):U
S(((Z5(((1"4U(((.5((($*95(((U?*(((#$14*%&$(((1&4)'$#&%:$15(((2&(((2")5(2&4&:&D
<&*(2"*('"3":&%&%7*(.&(61*,&.3(')%4(?*(.&($97*%(2&('$("1*3&(3"#&%:$1*)U
S((H(((.5(((#5(((0%:*%2(((6)7*%/(((#"1#5*&(((&'((($31)U
+&(')%4&?:&(6&("(9$%35(?*J?*(:1$4&(4')4$(6&.:&('$:5U(Y"7*(0'(61*,&.3()*#*7*U(K)('&(,*%&(.5J.*(31&$25("3B*'"1U
S((+J"(>*(7535%*:/(?"6:&?:&('U&):%$%:(!"*B&U(+5(2"1#*(*%$#*3(2&($:$3)'((2&($1:*'&1*&D((('*6)'(5.:$($13(%3#(2&("7&'U(
K*3*((%)(wJ$(A**&B*.*:(((.5(((}&1*'*3&(((1&7&$)$(((:&'&>"%*35V
q9$1%$*:)*((($'$1#$#((($*(((:*:$%(((:&'&'&**(((**(((3)1#5(((,"19&'&U
S((K)(((#5(((2&1$%T$7*(((2&3G:(((6&%:1)((?&>)'((2&((.:$:J#$T"1((.$)(6&%:1)(3"#$%2$%:/(9"'9"1".&?:&(-&%3^&'(
."#%"1"./(:1G4G%2)J?*
4')4$(((?*(((#$*((T".U
S(((\#(0%7&'&./(.5(:15*7*D(15.6)%2&(8&):%$%:(!":*'&(%&65.5:"1(?*((1*2*35(1&3&6:"1)'U(\*3*(E&6)1&'&(2&(m56$25U(
8&):%$%:(!":B&U(F$/(2"#%)'&(H9&1.:'&):%$%:U(.5(:15*7*D(Y":)'(&(*%("12*%&U(<)#(2"1*7*/((2"#%)'&D(((Y&1#*%$:(
#&.$T)'D
C)%&(1&3&6:"1)'(0%(>)135U(P;5*&7**(2&('$(9$:&1**'&($%:*:$%3_/(0*(&X6'*35(&'('"3":&%&%:)')*(-$..",,U
0%()1#5:"$1&'&(3*%3*.61&=&3&(#*%):&/(:&'&>"$%&'&(.)%5(:$15(0%:1&1)6&1&U(I%*:57*'&(2&($1:*'&1*&($)(1$6"1:$:(35(.)%:(
61&45:*:&(2&($37*)%&U(Y1&*(41&>*&1*(')31&$=5(>1&%&:*3U(C1&45:&.3("12*%&'&(6&%:1)(:"$:&(.)9)%*:57*'&/(0%:1&4(<&%:1)'(2&(
3""12"%$1&($(>"3)')*(2&,*%&(.3&%$()%&*($3:*,*:57*(>&91*'&U
<&*(2"*('"3":&%&%7*(#)%3&.3(6&(91G%3*(3$(.5(:&1#*%&(*$(:*#6(:"$:&(((61&45:*1*'&U(((K)#$*(((3""12"%$:"1)'(((2&(((:*1(
3"%:*%)5(((.5(2"$1#5(('*%*?:*:/(3$(/?*(3)#(61"9'&#&'&($.:&$(%)JL(61*,&.3(2&>&'U(S(F"$#%&/((($T):5J%&D((((.6)%&(
8&):%$%:(((-$..",,/(((61*,*%2(:&$%3)1*'&(3)(:$9&'&(2&(:1$4&1&(2*%(>$7$(.$U(<&(#53&'("(.5(*$.5D(8J$1((954$((0%(
.6&1*&7*((3B*$1(?*((6&(3&'((#$*((3)1$T".((*%2*,*2(2*%(\1#$:5D((+'$,5((F"#%)')*(35(%)(.)%:(&)(3""12"%$:"1)'(:*1)')*/(
3)(:"$:5(15.6)%2&1&$(6&(3$6D((8(*%31&2*9*'(3&J$)(6):):(.5($2)35($*3*U(F")5(91*45=*(2&($1)%35:"$1&(2&(3&$75U(+)%:(
2")5.61&=&3&(6'):"$%&(3)(3G:&(6$:1)(9$:&1**(('$(>*&3$1&/(?*(>*&3$1&(9$:&1*&($1&(6$:1)(PQ&1:&1&_(3)(3G:&(=&3&(7&,*(2&(
353*)'5D(A$*(.)%:(?*(:)%)1*'&(2&(OL{(##U(C$:1)(:)%)1*('$(>*&3$1&(9$:&1*&(0%.&$#%5(*%(:":$'("(.):5(%")5=&3*(?*(2")5U(
\6"*/(6'):"%)'(41&)(3)(:1&*(9$:&1**U(<)(:":)'/(%")5(:)%)1*U(C&()1#5(%"*U(3)(%")5=&3*(?*(?$.&(2&(7&,*(2&
L{v(((?*(((Lv{(((##U
S((K)(()*:$((2&((.6&3*$'*?:**(3)((6$:1)((9$:&1**((2&((6"3%*:"1*(2&
Oe{(##/($2$)45(!":B&U(\.:$(0%.&$#%5(0%35(2")5.61&=&3&D(H(.5(>$3&#(3&,$(45'54*&/(&X3'$#5(8&):%$%:(-$..",,U(
`*($,&#(#)%7*(0%:1&4*(2&(#)%*7*&D
S((<G%2(.J"1(:1&=*(:*6**(3)(6'&$?3$($.:$(6&(3$6U("1(.5(.6)%5(35($(,&%*:(.>G1?*:)'(')#**U(KJ"1(.5(.)61$,*&7)*$.35(%*3*(
652)3B**(?*
?"9"'$%**D
3/F/
S(E%>$%:&1*$(%"$.:15(%J"(.5(#$*($*95(#$1&(')31)(2&(>53):/(1$2&(-$..",,U(07*(2$*(.&$#$VUV(<*%3*(#**(2&("9)=&(*%(
?$.&(#*%):&D(T(*(.&(>$3&(651)'(#53*)35(%)#$*('$(4G%2)'(5.:$U(\6"*U()1#5:"$1&'&(.$',&(.&(.)33&2('$(*%:&1,$'&(2&(:1&*(
#*%):&U(F"$#%&_U(F)#%&=&)'&D(`*(5.:$(2"$1#&(&$('&#%)'V(8(%&9)%(2&('&4$:D(E7*(2$*(.&$#$(3&(.J$1(6):&$(0%:G#6'$(
2$35()%2&,$(:1&$9$(%)(#&14&
Y(K)J/(%&,"*&(.GJ#*(.6)*U(15.6)%2/(!":B&j(&q&(((:")**U(((.5(((%)(((6'5)#(((%"/((("$U2/
GH0=
61&.*#7*1&(.)#915(0%('&45:)15(3)(3&&$(3&(.J$1(6):&$(0%:G#6'$U(-&%3^&'(.&(.*#:&(2&(6$135($1(>*(2"1#*:(2"$1(3G:&,$(
3'*6&/(3G%2(((8&):%$%:((!":B&((0'((.3"$'5((2)65((3G:&,$((3&$.)1*((9)%&U
S((-&11(-$)6:#$%%D(Y1&=*7*J,5D(Y1&=*7*J,5D(c(2*,*=*$(6&(>*1U(U((Y1&=*7*J,5/(((2"#%)'&D
CG%5(('$((()1#5/(((-&%3^&'((1&)?&?:&((.5((.&((1*2*3&(0%(6*3*"$1&/(0#6'&:*3*%2)J.&(((?*(((35.3G%2U(!":B&((0'((61*,&?:&(
95%)*:"1U
S((+6&1(35(%)(,5(&(15)/(2"#%)'&W(c1$7*($:G:(2&(3)>)%2$:(0%(."#%((0%3G:/(('$((()%(((#"#&%:((2$:/($#(31&=):(35(
.)%:&7*((#"1:U
S((F&(3&(21$3)V((#J$*((:1&=*:W(<&(.J$(0%:G#6'$:W(K)(6):&7*(1&="',$(((%*3*((3&$((#$*((#*35((61"9'&#5(>515(($T):"1)'(
#&)W(\#(%&,"*&(((2&(((6)7*%5((("2*B%5(((0%$*%:&(((2&(((0%3&6&1&$((($:$3)')*U
S((F"#%)'&D(((F*,*=*$((,5((3B&$#5(((*#&2*$:(('$((:&'&>"%D
S((F*,*=*$W(((9"'9"1".&?:&(((-&%3^&'(((9)*#$3U
F&"2$:5(0?*(25(.&$#$()%2&(.&($>'5(?*(0?*(0%21&$6:5(.6*%$1&$($:G:((2&(((1&6&2&((0%3G:((.&((6"3%&?:&((3)((3$6)'((2&J"(
41*%25U
S((C&(:"7*(21$3**D(=9*$15(&'/(>1&3G%2)J?*(3)3)*)'U(<&(31&:*%*D(+5(3"%.:1)*$.35("(3$#&15(3)(:$,$%)'($:G:(2&(T".D(
!":B&/(6G%5(#G*%&(.5J'(.3B*#9$7*D(\.:$(.&(3B&$#5(*%3"#6&:&%75D(+5JL($2)3&7*(0%(((>$7$(((#&$(((6&((3&'(
15.6)%=5:"1(('$((("1$((%")5((>*XD(((\*((0%7&'&./(8&):%$%:W
Pc?:*()%(9")/(4G%2&?:&(!":B&U(\1(:1&9)*(.5(>**(#)'7)#*:(35($*()%($3"6&1*?(2&$.)61$(3$6)')*U(\'7**(%J$)(2&3G:("(
41"$65(0%(65#G%:U_
-&%3^&'(*$(1&3&6:"1)'(?*J?*(.6)%&(."#%"1".(%)#&'&(2&(3"2U(F&('$(3&'5'$':(3$65:($'(>*1)')*(15.6)%2&("(,"3&(,*"$*&h
S((H(((.&3)%25/(((2"#%)'&D(((Z5(((2$)((('&45:)1$(((3)(((?&>)'(((2&(.:$:J#$T"1U
@'$.)'(:5*".($'($3&.:)*$(.&($)2&(0%2$:5(6&(>*1U(-&%3^&'(%)(61&$(0%7&'&4&(3&(*(.&(.6)%&U(c(,"19$(2&(.*%31"%*=$1&$(
$:$3)1*'"1(?*(2&(.)33&.*)%&U
S((C1&$(9*%&/(.5(:15*7*D(>$3&(&'(#&3$%*3/(95:G%2(2$1$9$%$(6&(:&$%3)'((2&((2"3)#&%:&((2*%((>$7$((.$U
S((C1*3&6):W(#G1G*&(?&>)'(2&(.:$:J#$T"1U(-&%3^&'(.&('&$45%5(6&((6*3*"$1&/((4$:$(((.5((3$25U(((\.3)':5((3)(("3B**(
0%3B*?*U
8&):%$%:((!":B&((0'((0%?>$35((2&((91$7((?*JL(((=4G'7G*&((,*"'&%:U
S((]*1J$1(.5((>*&D(((Y1&=*7*J,5/((2"#%)'&D(((-&%3^&'(0'(61*,&?:&(:)'9)1&/(2$1($3&.:$(3"%:*%)5(.5J'(=4G'7G*&(6G%5(3&(
-$)6:#$%%)'(0p((0#6*%4&((%&1,".(('$(("((6$1:&U
S((KJ$#(0%7&'&./(.5(:15*7*D(15.6)%2&(&'(3)("(,"3&(0%59)?*:5U
S((Y&J$*(7*3%*:(2&(:":W(1$4&(>)1*".(?&>)'(2&(.:$:J#$T"1U(H(.5J7*(#$*(.6)%("(2$:5(*%:&1,$'&'&(2&(:*#6D(F1$3)V(:&(*$(
2$35(%)('&(%":&=*($9."'):(6&(:"$:&D(0%3&6&(.5(:)1)*&(1$6*2("(.&1*&(2&(3*>1&(0%()1&3B&$(((')*(((-&%3^&'U
()9
S(((!&6&:5J'&D(((?)*&15(((?&>)'(((2&(((.:$:J#$T"1(($4*:$:U
F*%(>&1*3*1&(6&%:1)(-&%3^&'/(8&):%$%:(!":B&($.3)':$.&(6&(>*1U(C)%&(0%(>$7$(-$)6:#$%%)')*()%(:&$%3(2&(>"*(3)(*%:&1,$'&'&(
2&
:*#6U
<)(((3!!!,"3&(((.6$1:5/(((%&>*1&$.35/(((-&%3^&D(((1&6&:5(((3*>1&'&(((0%
1&3&6:"1U
S(((-&%3^&'/(#*(.&(6$1&(35(2"1#*(2&J$J%(6*3*"$13'&$D((<&(.&(0%:G#6'5(((3)(((:*%&W
S(((+)%:(((>"$1:&((("9".*:/(((2"#%)'&D
S(((`*(&)(.)%:/(&X6'"2&$=5(?&>)'(2&(.:$:J#$T"1(0%()1&3B&$(')*(-&%3^&'U(!$4&(3$()%($%*#$'(2&(61$25(0%>"#&:$:U(`*(
4&%&1$')'(3("9".*:/(3)(:"7**(.)%:&#("9".*7*D(K)(#$*(,1&$)(.5($)2(>$%2".&'*'&(:$'&D(c?:*(">*7&1(?*J7*(,&*(>$3&(2$:"1*$($?$(
3)#(:1&9)*&D(Y1G%:&?:&(1&3&6:"1)'(3)()%(=4"#":(3$1&(.:156)%4&(:*#6$%)'($2"1#*:($'(')*(-&%3^&'U(((\3&.:$(((15#G%&(("(
3'*65(0%7&6&%*:/()*:G%2)J.&((')%4('$(:&'&>"%/(2)65((3$1&(.&(0%21&$6:5(0#6'&:*3*%2)J.&(.61&(9$%3B&:5U
F&J$9*$(0?*(:1$4&(4')4$(6&.:&("3B*/(3G%2(&(3B&#$:(2*%(%")('$(:&'&>"%U(+&(1*2*35(9'&.:&#G%2(?*(2)3&(1&3&6:"1)'('$()1&3B&U
S(((-$)6:#$%%U(%":&$=5J7*($.:$/(.&($)2&(,"3&$(.$:*.>53):5($($4B*":$%:)')*h((((PH1$((((-U((((;c!Y-\U((((-c8@\U(
8IFQE@U(\FH8]U(((;c!Y-\U((((!&6&:5D(((Y&1#*%$:D_
S(((PH1$((((-U((((;c!Y-\U((((-c8@\U((((8IFQE@U((((\FH8]/(;c!Y-\U(((Y&1#*%$:D_(((15.6)%2&(((-&%3^&'(((.'&*:/(
2"1*%2)J?*(((3$(*$2)'((.5J*(0%4B*:5(6&($4B*":$%:(.*(6&(:"7*(3&*(2*%(+:$:)'JA$T"1U
8&45:)1$(&(_0%:1&1)6:5U(\2"1#*:(3)#(&/(0?*(0%3B*6)*&(35(3&'(3$1&($(0%:1&1)6:('&45:)1$($(>".:($4B*":$%:)'U
0?*(%":&$=5(#&.$T)'(3)(#G*%*(:1&#)1G%2&/('57*:(6&(T)#5:$:&(2&J$(')%4)'(#&.&*(3)(B517*U(KJ$($)=*:(%*#*3(2&.61&(
.*%31"%*=$1&$(3&$.)1*'"1U
S(((85.$7*J#5(.5(2"1#('*%*?:*:($3)#U(.6)%&(&'/(0%:*%=G%2)J.&(6&(9$%3B&:5U(<&*(2"*('"3":&%&%7*(.&()*:5('$(&D(?*(3'$:*%5(2*%(
3$6U
S(((8&45:)1$(.J$(0%:1&1)6:(0%(#"2(3*)2$:U(\#(.&%:*#&%:)'(35('*6.&?:&(((3&,$U
S(((F"$#%&D(((+)%:(((#$*((((#)':(((#"1:(((2&3G:(((,*)D((((#)1#)15(-$)6:#$%%(((-&%3^&'U
H(T)#5:$:&(2&("15(#$*(:G1=*)/(3G%2(8&):%$%:(!":B&(0'(:1&=&?:&/(0?*(:"$1%5(0%(3$6("(45'&$:5(3)($65(1&3&(3$(.5J?*(1&,*%5/(2$1(
$.:$(0'($T):5(2"$1g(6&%:1)(#"#&%:U(8V%(]&'2R&9&'(0*($2)3&()':*#&'&(1$6"$1:&/(0#61&)%5(3)(3&*(2"*('"3":&%&%7*/(,&1*>*35(
:"$:&('&45:)1*'&(?*("1$1&'&U(+)%:(1&,5=):&(2*%(%")(:$9&'&'&J"1$13U
S(((-$*((((!":B&/((((3*:&?:&((((3)((((,"3&((((:$1&U(((("12"%5((((-&%3^&'(."#%"1".U(+&($1)%35(6&()%(.3$)%/(0?*(6)%&(#G*%*'&(
2)65(3&$:$(?*(0%3B*2&((("3B**U
S(((H12*%)'(2&(2&.3B*2&1&($(>"3)')*(:1&9)*&(2$:('$("1$({vU{oU(!":B&(3*:&?:&(15.6*3$:h('$({v/LO/($1:*'&1*$(41&$(2&.3B*2&(
>"3)'(3)
J(V00000000000000000000000000000000J(((((J0000000000000000J000000000000000000000000000000000000000000L{n
:)%)1*'&(2&(nv(##U(C&.:&(2")5(#*%):&/($:$35(C$%=&1&'&(?*(*%>$%:&1*$U(;$1$T)'(.&(,$(0%5'7$(0%$*%:&$('"1(?*(,$(0%$*%:$(
0%3&:/(61&45:*%2(:&1&%)'(:1)6&'"1(2&($.$':/(3$1&(,*%(2*%()1#5U
S((+*#6'5(1):*%5U(K)(&(%*#*3(3"#6'*3$:(0%(:"$:5(3B&.:*$($.:$/(1&#$135(-&%3^&'(3)(*%2*>&1&%75/(0%:*%=G%2)J?*(
6*3*"$1&'&U(<$.35(=4"#":".(6G%5J*(:1".%&.3(>5'3*'&U(8$(21$3)V/(.)%:(4$:$(.5($2"1#(2*%(%")D(F$35(%J$?(?:*(2&.61&(3&(
&(,"19$/($?(6):&$(31&2&(35($#(2$:(0%(9"$'$(."#%)')*D(F$7*J#*("(,"235(#$1&U(\.:$(:&(.3"$'5(?*(2*%(((#"17*D
C1*,*%2)JL(0%:1&95:"1(6&(8&):%$%:(!":B&/()%(]&'2R&9&'(0*($2)3&()%(6$B$1(3)(,"235U(-&%3^&'("(25(6&(4G:(2*%:1J"(
0%4B*7*:)15U(F$1('*3B*2)'("(*$(6&($'5:)1*(?*JL($6)35()%($33&.(2&(:).&U(0%3&6&(.5(.$15(3$(.5(%)(.&(.)>"3&U
S((KJ$1(>*((#$*(((9*%&((.5((9&7*((("(3&$?35((2&((3$>&$/(2"#%)'&W(0%:1&$95((8&):%$%:((-$.."R(61)2&%:U(Y1&9)*&((.5(
$,&#((#*%:&$('*#6&2&/(((?*(((%J$?(((.6)%&(((35(((,"23$(((&((3&$(((#$*(((*%2*3$:5((6&%:1)(65.:1$1&$(((')3*2*:57**D
S((K)J#*(((.6)%&(((:)(((3&(((.5(((>$3/(((8&):%$%:/(((1$4&(((-&%3^&'(">&%.$:U
<&1&((()%((($':((6$B$1((3)(((,"235(((?*JL(((9&$((('$3"#U
8&):%$%:(-$.."R(0*(6)%&(0%(>$75(%*?:&(2"3)#&%:&(3$1&(:1&9)*&(.&#%$:&U(-&%3^&'('&(.&#%&$=5(2&=*%,"':/(>515(.5('&(
3*:&$.35U
!":B&(0'(61*,&?:&()?)1$:(6&(-$.."R/(,1G%2(6$135(.5(.6)%5h(P@$:$(:1&$9$/(%)(%&(#$*(2"$1&(3$6)'_U
S(((-$*2&7*((((.5((((,&1*>*35#(((('&45:)1*'&D(((("12"%5((((-&%3^&'/(95:G%2)JL(6&()#51U(]&'2R&9&')'J:1$%.#*.*"%*.:(.&(
)*:5('$(3&$.U(3$1&(*%2*35("1$({N/NvU(F5J1%*('&45:)1$(3)(3&*(2&('$(PQ&1>&1&_U(+"'2$7**((5?:*$((2&((#)3$,$($)(
0%:":2&$)%$(%&,"*&(2&((#$*((#)':(:*#6(((2&3G:((($'7**U
F)65("(.3)1:5(3"%,&1.$7*&(3)(3"#$%2$%:)'(2&('$(PK&9&'R&>&1_/(3&1&(B517*'&(3)(6"=*7**'&(3&()1#&$=5($(>*(
9"#9$12$:&(?*(#&#"1&$=5(7*%:&'&/(0#61&)%5(3)(3&*(2"*('"3":&%&%7*/(1&,&2&(1$6*2("12*%&'&(\1#$:&*U(\6"*(3&1&(
'&45:)1$(3)(3&13&:$?**V(6".:)1*'"1($,$%.$:&($'&($1:*'&1*&*U(C$1($(>*(%&0%7&'&4&1*(3)(?&>)'(2&('$(!&4*#&%:)'(L{N(
E%>$%:&1*&U(-&%3^&'(0'(1&6&2&(3)(91):$'*:$:&(?*(0%3B*2&U(+&($?$=5(.$:*.>53):(6&(.3$)%(?*(3&1&($'(:1&*'&$(6$B$1(3)(
,"235U
S(((<1&2&7*(((35(((&(((9*%&(((3&&$(((3&(((>$3&7*/(((2"#%)'&W(((0%:1&$95(8&):%$%:(((!":B&((0%41*T"1$:U
S((H(.5J7*(3&1V&)(651&1&$(2$35("(.5(#5(*%:&1&.&=&(,1&"2$:5U(8&):%$%:D(((*J"(1&:&$=5((.3)1:((-&%3^&'/(,G1G%2)J?*(
0%:1&(9)=&()%(7*(4$(1&(:(((#*3(((2&(((3$1:"%(((0%(((3$1&(((&(((0%>*6:5((("(((7*4$15(((1).&$.35U
0%4B*:&(T)#5:$:&(U2*%(,"235(?*(.&J(0%:*%2&(2&J*(:1".%&.3(0%3B&*&:)1*'&/(0?*(61*,&?:&(2*%(%")(3&$.)'(?*("9.&1,5(35(#$*(
.)%:
IJ0000000000000000000000000000000000000000000000000000000000000000000000000?000HEH
"6:(#*%):&(6G%5('$("1$(-U(H(3'*65/(.&(4G%2&?:&(.5(:1$45()%(6)*(2&(."#%(6G%5(0%3&6&(2*.:1$37*$U(Z"23$(LJ$(>53):(
>"$1:&("6:*#*.:U(F&J$9*$($?:&$6:5(.5(2&$(g21)#)'(*$2)')*(2&(>'5351*U(c(61*#$("$15(3G%2(:1$4&(0%(7*%:&(,**U(P0*('$.(6&(
:"7*(3)(4)1$(35.3$:5/(4G%2&?:&(&'(.$:*.>53):U(<*%&(?:*&/(6"$:&(61*#&.3(<1)3&$(2&(]*&1(6&%:1)(3""12"%$1&(6&1>&3:5($(
:*1)')*U(F&(3&(%)W_(0?*($1)%35(6&(4G:(3&J$(#$*(15#$.(2*%(,"235(?*J*(61*,&?:&(2*.61&7)*:"1(6&(3&*(2"*('"3":&%&%7*(3$1&(
.:$)($6'&3$7*(2&$.)61$(B517*'"1U(A$*(*$("(7*4$15U(F$1/(0%$*%:&(.5(?*J"($61*%25/(:&'&>"%)'(0%3&6&(.5(=9G1%G*&(.:1*2&%:U(
<)("(&X61&.*&(.$:*.>53):5/(*$(1&3&6:"1)'(2*%(#G%$(')*
!":B&U
S(((<&((21$3)V((>$3*W((.&(($)2&((,"3&$(((#G%*"$.5($((?&>)')*(2&(.:$:J#$T"1U(((F&((3&((%J$*((2&.3B*.((>"3)D(($?$((3)#(($(
>".:(.:$9*'*:W
S(((+5(2&.3B*2(>"3)'W(0%:1&$95(-&%3^&'()*#*:U(A$*(.)%:(0%35
?$.&((#*%):&/((2"#%)'&D
S(((c?:*(%&9)%W(=9*$15(?&>)'(2&(.:$:J#$T"1(3)(,"3&$(.6$1:5U(E2*":(%&%"1"3*:(3&(&?:*D(c("1$(3*%3*(?*(=&3&U(\(:1&9)*:(.5(
$?:&6:(3G:&,$(((#*%):&((6G%5(($#((2$:((2&((:*%&U(((c?:*((3&'(((#$*((*%3$6$9*'(*%2*,*2(3)(3$1&($#($,):(,1&"2$:5(2&J$(
>$3&U(c?:*/(&?:*UUU(j`&>)'(2&(.:$:J#$T"1((%)(((#$*((45.&?:&((3),*%:&((6":1*,*:&((3$((.5J?*(&X61*#&(*%2*4%$1&$(>$75(2&(
3""12"%$:"1)'(2&(:*1($'(F*,*=*&*Uk(-$)6:#$%%(-&%3^&'/J?:**(3&((.J$(0%:G#6'$:W(0%:1&$95(&'(6&()%(:"%(4'$3*$'U(Y"$:&(
:1&*(1&4*#&%:&'&(C$%=&1($)(6'&3$:/(?*(*%>$%:&1*$($(6"1%*:('$($:$3U((K)J*(((#$*(((6"$:&(("61*(((%*#*3U(((\?:&$6:5UUU((S(
,"3&$((.$((&(0%:1&1)6:5((91).3U(((C&((>*1((.&(((#$*(($)2&((2"$1(()%((9G=G*:((,$4U
S(((\'"/($'"U($'"D(7*65(>)1*".(-&%3^&'/(:&#G%2)J.&(2&(3&(.J$1(6):&$(0%:G#6'$(2*%(3$)=$($3&.:&*(0%:G1=*&1*U(C1*,&?:&(
0%%&9)%*:(0%(T)1l("3B**(6$1(.5J*(*$.5(2*%("19*:&U(EJ$(2*.651):(3"#6'&:($1"4$%7$(3$1&JL(((.:56G%&$U((P\?:&$6:5UUU_(
.6).&.&((?&>)'(2&((.:$:J#$T"1U((<&(0%.&$#%5($.:$W(+5($?:&6:&(('$((:&'&>"%W(+$)(&1$(0%3&6):)'()%&*($#&%*%751*(6&%:1)(
41&?&$'$(>53):5W(K)/(%)(6):&$(.5(>*&($.:$D(\(,1):((.5J*(((.6)%5((.5(((#$*(($?:&6:&(()%(((:&'&>"%D
S(((<&(((.J$(((0%:G#6'$:W(((0%:1&$95(((.:G%T&%*:(((8&):%$%:(((!":B&/()*:G%2)J.&((:&#5:"1(('$((-&%3^&'U
S(((<&$.)'(#&)(&(0%()1#5/(15.6)%2&(4G:)*:(-&%3^&'/(61*,*%2(0%(((4"'U(((Y1&9)*$(((.5(((2&.3B*2&#(((>"3)'((($3)#(
3G:&,$(((#*%):&D(Y$%3)1*'&((($)(((:1&3):(((2&T$(((D$((($:$3D
S(((+5(2&.3B*2&#(>"3)'W(0%:1&$95(!":B&/($65.G%2(6&(3),G%:)'(P2&.3B*2&#_U(F)#%&$,"$.:15/(2"#%)'&/(:1&9)*$(.5(
2$7*("12*%)'(5.:$D((K*3*(&)(?*((%*3*((8&):%$%:(-$.."RD(((F$1(3)#(.&(6"$:&(.5($,&7*((3&$.)'(0%()1#5W((0%((#"2(.*4)1(
,J$7*((.*%31"%*=$:(3)(:"7**(3&$.)1*'&(((0%$*%:&(((.5(((6'&3$7*(((2&((('$(((F*,*=*&/(((%)J*((($?$W(((\.:$(((&(61"3&2)1$(
"9*?%)*:5D
S(((F"1#&$#(((6&(((6*3*"$1&/((1&3)%"$?:&(((-&%3^&'/((3)(("((,"3&
T"$.5U((C1"9$9*'((35(((%J$#(((#$*((($6)3$:D
fQ
S(((F"$#%&(((+>*%:&D(((&X3'$#5(((-$.."R((?"3$:U
S((Y1&9)*$(.5(?:*7*(35(%)(,J$7*(.*%31"%*=$:(3&$.)'(0#61&)%5(3)(3&*(((2*%(((+:$:)'JA$T"1/(((*%:&1,*%&(((!":B&(((6&((()%(
:"%(((2&(((1&61"?U
S((A*J$#((($#*%:*:(((*#&2*$:(((3&J$#(((*&?*:/(((">:&$=5(((-&%3^&'/(?:&14G%2()J?*(((.)2"$1&$(((2&(((6&(((>1)%:&U
S((\:)%3*/(2&(3&(%)(,J$7*(0%:"1.(.5(,*JD(1&4'$7*W(0%:1&$95()')*:
J(((-$.."RU
S((<&$.)'(#&)($(#&1.(0%:":2&$)%$('$(>*XD(15.6)%2&(-&%3^&'
i(((%&41)(((2&(((.)651$1&U
S(((F$1(%)(?*(2&(2$:$($.:$/(.6)%&(!":B&(.&3U(A*%):&'&($.:&$(.)%:((>"$1:&((3".:*.*:"$1&D
Y&'&>"%)'(((=9G1%G*&(((2*%(((%")U
S(((C)%3:)'(2&(3"#$%25(35:1&(:"$:&()%*:57*'&(2&($1:*'&1*&/(0*(:1$%.#*:&(((:&'&>"%*.:)'(((')*(((-&%3^&'/((0%:*%=G%2)J*(
1&3&6:"1)'U
-&%3^&'(61*,&?:&("(3'*65(')%4($3&'("9*&3:U(<&(.5(>$35W(+*#:&(35(*J$)(>)4*:(:"$:&(4G%2)1*'&U(P\?:&$6:5(UUU(S(.6).&.&(
?&>)'(2&(.:$:J#$T"1U(;*%&0%7&'&./($(,1):(.5J#*(.6)%5(.5($?:&6:()%(%")($6&'U_
S(((E$((("((2$:5(((1&3&6:"1)'/(("#)'&D(((=9*$15((!":B&(%&6"'*:*3".U(Y)%)1*'&(($?:&$6:5((("12*%&'&(((:$'&D
S((H12*%&W((0%4$*#5(((=5653*:(((-&%3^&'/((61*,*%2)JL((6&(($3&.:$(0#6*&:1*:/(((j0?*(((2&.3B*2&(((4)'&1)'(((2&((('$(
)%*>"1#5(((?*(((1G%T&?:&(3$2$,&1*3Uk(A$*(2$7*J#*()%(6$B$1(3)(,"235D("12"%5(&D(154)?*:/(j0%?>$35('$3"#(6$B$1)'(2*%(
#G%$(]&'2R&9&')')*Uk(8&($15:(&)('"1D(j+&((2)3&(((B":51G:((('$(((:&'&>"%)'((2&((('&45:)15((3)((:"$:&(()%*:57*'&U(E%.6*15(
$2G%3U(((H3B**((0%3&6(.5J*((')3&$.35(2&(%&1592$1&Uk(y*%:$(%)#51)'()%)D((F&.3B*2&7*(>"3)'D(1$4&(&'(0%(:&'&>"%U(
j!G%T&?:&(3$()%(((3$'(((?*(((6)%&(((1&3&6:"1)'(((0%(((>)135Uk(((\#(((>".:(((*%.:1)*:((('$(p**:&19)14/((($7*(((0%7&'&.W(((A5(
61*3&6((('$(((3B&.:**(((2*%((($.:&$D
S(\.:$(=*3(?*(&)(2&3*=*&(3'$15(?*(>&1#5/(&X3'$#5(8&):%$%:(!":B&()*#*:U(\1(:1&9)*(.5J*(>*(:1&=*:(6&(:"7*U(2&($#9&'&(
'$:)1*($'&(>1"%:)')*D
Y"$:&(:)%)1*'&(2*%()%*:57*(0?*(1*2*35(7&,*'&(.61&(3&1)'(0%:)%&3$:U(Y)%$1**(.:$)(3)(3"$12&'&(0%(#G%5/(4$:$(61&45:*7*U(
<"#$%2$%7**(2&(9$:&1*&(.:$)(0%3"12$7*/(0%($?:&6:$1&$("12*%)')*(3"#$%2$%:)')*U(c3B*6$T&'&(PK&9&'R&1>&1_(.)%:(0%(
$256".:)1*'&(2*%(.6$:&'&(9$:&1**'"1/(4$:$(.5($6&.&(6&(9):"$%&'&(2&(2&3'$%?$1&($'&(1$3B&:&'"1U(+&3)%=**(.&(6&1*%25(
$4*:$7*(2&(3"'"J3"'"U(H('*%*?:&(#"1#G%:$'5(2"#%&?:&(0%(0%:)%&1*3)'(2*#*%&7**(2&(*$1%5U
Y53&1&$(&(3)1#$:5(2&()%(:)%&:(0%>1*3"?5:"1U(Y)%)1*'&(2&.3B*2(>"3)'('$()%*."%/(9)9)*%2($.)1=*:"1U(+$',&(2&("9)=&(
.>G?*&(q"1**U(C5#G%:)'(&(')#*%$:(2&(&X6'"=*$(61"*&3:*'&'"1/(0%3&6&(2$%.)'(>'5351*'"1U
\31)D(&(*%,$2$:(2&(=4"#":&(?*(:1".%&:&($.3)7*:&/(3$(?*(3)#(6&(3&1($1($'&14$()%(:1&%(%&.>G1?*:U(!59)>%*1*'&(:)%)1*'"1(
$61"$6&(35
(K)
'&(.6$14(:*#6$%&'&(3&'"1(2&('$(C".:)'(2&(3""12"%$1&($(:*1)')*/(0%(0%:1&4(,$3$1#)'(.&(2*.:*%4&()%(.)%&:(')%4(?*(
.*%*.:1)/(3$1&(.&(:1$%.>"1#5(0%:1J)%(7*65:(*%.)6"1:$9*'U
S(\1)%35:"$1&'&(2&(3&$75/((#)1#)15(()%((]&'2R&9&'(3)(,"3&(:1&#)1G%25U
S((F)#%&=&)'&(#$1&D(4&#&(8&):%$%:(!":B&/(61*,*%2(0%41"=*:(6&(((3G#6)'(((2&(((')6:5U
S((K)J#*(,*%&(.5J#*(31&2("3B*'"1D(`*(3&1)'/(?*(65#G%:)'(.)%:(3)61*%.&(2&(>'5351*D(+5J*(>&1&$.35(F)#%&=&)(6&(
%&%"1"3*7**(3$1&(0%3$.&$=5(((6"17*$((($.:$D(((-$)6:#$%%((-&%3^&'((.*#:&(("((9)3)1*&(%5,$'%*35/(3G%2(9$:&1*$(41&$(
3):1&#)15(C".:)'(2&(3""12"%$1&($(:*1)')*U
;)9)*:)'(.5'9$:*3($'(:)%)1*'"1(2&(dO{(##(%&(=4G1*&(:*#6$%&'&(?*(%&(25(>*"1*(2&(.6$*#5(6&(?*1$(.6*%51**U(F*#*%&$7$(
#"B"1G:5(&(')#*%$:5(3$()%$(2*%:1&(3&'&(#$*(0%."1*:&(=*'&(2&(,$15U(0%(=$1&(.&(,52(61&:):*%2&%*(>'5351*'&(2&('$(4)1$(
7&,**(:)%)1*'"1U
H9)=&'&(&X6'"2&$=5()%)'(2)65($':)'(3)()%(.)%&:(61&')%4U(Y)%$1*($.)2$7*(0#6*%4("9)=&'&(41&'&(0%(3)'$.&/(2)65(
3$1&(9$45(6&(T&$,5(2*>&1*:&'&(0%35135:)1*U
E%(2&651:$1&(.&(0%$'75()%(=*2(2&(>'5351*/(3$(?*(3)#($1(7G?%*(2*%(65#G%:U(]*&3$1&(.$',5(&()1#$:5(2&("($':$/(0%:1J)%(
:)%&:(3"%:*%))U
`)*&1)'("9)=&'"1(2&,*%&(*%.)6"1:$9*'U(+3"$17$(65#G%:)')*(.&(.6$14&(3$(.:*3'$U(<'52*1*'&(.&(6159)?&.3(61&3)#(
3$.:&'&'&(2&(%*.*6U(]'5351*(#)':*3"'"1&(7G?%&.3(.61&(3&1)1*U(+)>')'($1)%35(:1)6)1*(0%(>"3U(8$("1*="%:(2$%.&$=5(2G1&'&(
2&(')#*%5('5.$:&(2&("9)=&U(;$:&1**'&(*%:15(0%(')6:5U(I%(%")(=4"#":(15=9$:&(61*%:1&(9)9)*:)1*'&(:)%)1*'"1U(<$2(
"9)=&(*%3&%2*$1&/(0#615?:**%2(0%(:"$:&(2*1&37**'&(>'5351*('*3B*2&U
C$1&((35(($((')$:((>"3((?*(($&1)'U
<)("(#*%5(.$:*.>53):5/(-$)6:#$%%(-&%3^&'(0?*(#$*($61*%2&("(7*4$15(1).&$.35(?*(."$19&(2*%(6$B$1)'(3)(,"235U(+&(
.*#:&(>"$1:&(1&'$X$:U(EJ$(:1&3):b."#%)'U(P\.:$J*(9*%&_/(4G%2&?:&(&'U(H(2&3*=*&(9)%5(?*(>&1#5Db(0'(9$:&(
3"%2&.3&%2&%:(6&()#51(6&(."'2$:)'(:1$%.#*.*"%*.:U(0?*(25(.&$#$(35(0%(#"#&%:&($:G:(2&(*#6"1:$%:&()%(.)6&1*"1(%)(
6*&12&(%*#*3(2$35('&($1$:5(.)9"12"%$7*'"1(6)7*%5(61*&:&%*&U
m9G1%G*:)'(:&'&>"%)')*(2&(3$#6$%*&(0*(0%:1&1)6&(#&2*:$7*$U(!*2*35(1&3&6:"1)'/(3)()%(=G#9&:(6'*%(2&(0%3G%:$1&l(&(
>"$1:&(#)'7)#*:(35(?*J$(0%2&6'*%*:(.$13*%$U(P<B*$1(35($(>".:("(T"$35(2&(3"6**/(4G%2&?:&(&'U(8$(p**:&19)14($#(>".:(
61&45:*:(.6&3*$'(6&%:1)($.:$_U
S(\*3*(3""12"%$:"1)'(2&(:*1D('$:15(&'($.61)/(3)("(&X61&.*&
41$,5U
LLL
S((Y)((((&?:*/((((-&%3^&'W((((.&(((($)2&((((,"3&$((((.:56G%*:5(((($(3"#$%2$%:)')*(((2&(($1:*'&1*&/(((H9&1.:(((@1**%U
S(((F$/((.5(((:15*T*D(((-&%3^&'D
S((Y)((($*(((2$:((("12*%)'(((2&(((2&.3B*2&1&((($(((>"3)')*W
S(((F$/(.5(:15*7*D(15.6)%2&(-&%3^&'((#G%21)/U3"%,*%.(35(,$(61*#*(0%(3)1G%2("(#)'7*#&(2&('$)2&/(*%3').*,(<1)3&$(
2&(]*&1U
I1#&$=5("(6$)=5(.&#%*>*3$:*,5U(\6"*(.&($)2&(2*%(%")(,"3&$(3$'#5((($(((H9&1.:)')*U
S((<G%2(($*((2$:(("12*%)'((2&(2&.3B*2&1&($((>"3)')*/((-&%3^&'W
S((cX$3:((($3)#(((?$.&(((#*%):&/(((2"#%)'&D(((15.6)%2&(((-&%3^&'(>&1*3*:U
S((\3)#(.$.&(#*%):&D(0%7&'&4D(`*($*(:1$%.#*.("12*%)'(:):)1"1()%*:57*'"1W
hS(;*%&0%7&'&./(2"#%)'&D(`&>)'(2&(.:$:J#$T"1($($,):(*#61&.*$(35((3&$.)'(((#&)(($(((15#$.((6)7*%(((0%((()1#5D
S((<B*$1($?$/(-$)6:#$%%(-&%3^&'W(H9&1.:)'($33&%:)&$=5(3)($.61*#&(((41$2)'(((')*(((-&%3^&'/(((3&&$(((3&(((.)%5(
3$((("(($#&%*%7$1&U
S((+)%:(3"%,*%.(35(?&>)'(2&(.:$:J#$T"1(.J$(0%?&'$:/(2"#%)'&U(<G%2($#(2$:("12*%)'(2&(2&.3B*2&1&($(>"3)')*/(#J$#(
4B*2$:(2)65(61"61*)'(((#&)(((3&$./((3$1&((($(((#&1.((0%:":2&$)%$(((&X$3:U(((H/.5J#*(.6)%&7*/(61"9$9*'/(35($#(')$:("(
B":51G1&(61*6*:5/(2"#%)'&/(1G2&(-&%3^&'/(((.*4)1((6&(((&'U
S(((\*(')$:("(B":51G1&(61*6*:5/(.6)%&(H9&1.:(@1**%/(>53G%2("(6$)=5(2)65(>*&3$1&(3),G%:U(<&(7*J$("12"%$:(?&>)'(2&(
.:$:J#$T"1(3G%2($*(,"19*:(3)(&D('$(:&'&>"%W(<$1&($(>".:()':*#)'(')*(3),G%:W
-&%3^&'(.*#:&(35J*(0%4B&$75(.G%4&'&/(0*(,*%&(.5($1)%3&(:&'&>"%)'(3G:(3"'"(?*(.5(>)45U(+5(>)45(0%(.:&65U(+5(>)45('$(
1)?*U(+5(>*&($1)%3$:(0%:1J)%('$451(?*()*:$:($3"'"(6G%5('$(.>G1?*:)'(15=9"*)')*U(\1&(*#61&.*$(35('$(3&'5'$':(3$65:($'(
>*1)')*(.&($>'5(3B*$1(A"$1:&$U
S((I':*#)'(3),G%:($'(?&>)')*(2&(.:$:J#$T"1/(2"#%)'&W(\(.6).h(P\?:&$6:5D_(((9G*4)*&(((&'U(((F&"2$:5(((0%7&'&4&U
S(((F$D((\?:&$6:5D((=9*$15(H9&1.:(@1**%/(.5'9$:*3U(j<$'#)'(*J$(2*.651):(3"#6'&:Uk(\?:&$6:5D(\?:&$6:5D(<1&:*%(3&(
&?:*D(\?:&$6:5D(E7*((2$*((.&$#$(3&J$*(>53):W(Y1)6&'&(2&(9'*%2$:&(?*(*%>$%:&1*$($)($:$3$:(3G%2(E*(.J$("12"%$:U(K)('&J$1(
#$*(>*(6):):("61*(%*#&%*U(\*(2&.3B*.(>"3)'(3G%2($:$3$)(61*#$(7*%:5D(`$.&(#*%):&(#$*(:G1=*)D(1$4&(&'U(\*(%*#*3*:(
61"61**'&(%"$.:1&(:1)6&(2&($.$':D(F$/($*(')$:("(B":51G1&(61*6*:5D(\*(#$.$31$:("$#&%**(%"?:1*D(K*3*(3B*$1($1:*'&1*$(
1).&$.35(((%J$1(>*(((1&)?*:((#$*((9*%&D(((K)(?:*)(3&J$1(#$*((6):&$((.5(31&$25(3&*(2&J$3"'"D(((-":51G1&$(:$(4159*:5(?*(
*2*"$:5($(1$.(:":(3"16)'V2&($1#$:5D(!&3)%"?:*(35($*($)=*:(3'$1("12*%)'(?&>)')*(2&(.:$:J#$T"1W
S(<1&2(35($#(0%7&'&.(41&?*:/(2"#%)'&/(.&($)2&(,"3&$(T"$.5($(LLO
%&>&1*3*:)')*(3""12"%$:"1(2&(:*1U(\#(31&=):(35(:1&9)*&(.5($?:&6:
'$(((:&'&>"%D
H9&1.:(@1**%(:1$4&($2G%3($&1(0%(6*&6:U(F$35(-&%3^&'($1(>*
>".:((('G%45(((&'/(((LJ$1((>*(((.)41)#$:U
S((+5(($?:&67*((('$((:&'&>"%W(((1G2&((&'((%&1,".U(((F$V((3&/((:&((31&=*(:&'&>"%*.:(((2&(((.&1,*3*)W(((<&*(((2&((('$(((p**:&19)14(
$)(((.6).((35(((&?:*(3""12"%$:"1(2&(:*1U(Z"1(2$(."3":&$'5(6&%U:1)($.:$D(\.3)':5J#5(3)($:&%7*&/(-$)6:#$%%(-&%3^&'U(
K)(#$*(,1&$)(%&0%7&'&4&1*U(H(.5J*(61&2$*((((*#&2*$:((((3"#$%2$(((('"3":&%&%:)')*((((!":B&U((((H1*3&((((.J$1(0%:G#6'$/(
%)(:&(#$*($#&.:&3*D((C)%&J:&(.)9(.:$1&(2&($1&.:/(.:$*(2&"6$1:&(?*($?:&$6:5JL(6&($4B*":$%:U(c(0%(21)#(.61&(:*%&D(F5J*(
6*.:"')'('"3":&%&%:)')*(!":B&D(K)()*:$(35(&?:*($1&.:$:D(K)(0%3&13$(.5(((.3$6*(((2&(((15.6)%2&1&((3)((()%(((4'"%7D
S(/+)%:(((">*7&1/(((2"#%)'&/(((.&((($6515(((-&%3^&'U(((C&1#*:&7*J#*(.5J#*((((.$',&=(((("%"$1&$((((2)65(((($3&$.:5(
0%:G#6'$1&((((3)#6'*:5/(2"#%)'&/(((.)%:(((">*7&1D
S((F$/(#$1&(653$:/(#G1G*&(H9&1.:(@1**%U(H(.5(:&(.)161*%25(>$6:)'(((35(((:"7*(((3"#$%2$%7**(((2&(((*%>$%:&1*&(((.&(
4G%2&.3((('$(((:*%&U(H9&1.:(-*%^$/(3"#$%2$%:)'(!&4*#&%:)')*(C$%=&1/($(,"19*:(3B*$1($3)#(3)(#*%&('$(:&'&>"%/(07*(
,1&$(3$6)'D(EJ$*(.:G16*:(2")5(:1&*#*(2*%((1&4*#&%:U((F$1(&)(,1&$)(.5(:&(,52(0%(>$7$(<)17**(A$17*$'&U(K5:515)(
*%3"1*4*9*'(((3&(((&?:*D(((F5J#*JL(((6&(((8&):%$%:(((!":B&U
Y53):/(((-&%3^&'((0*(((25(((1&3&6:"1)'((('"3":&%&%:)')*(((!":B&U
S(((F$/(.5(:15*7*D(((1&6&:5($3&.:$((2&(3G:&,$(("1*/($6"*(0%3B*2&(:&'&>"%)'()?"1U(0'(61*,&?:&(0%#51#)1*:(6&(-&%3^&'/(
3$1&(.:5(6&()%(.3$)%(((3)(((3$6)'(((0%(((6$'#&/(((3'5:*%G%2)J.&U
S((!":B&/($#(>".:(&'*9&1$:(2*%(>)%37*&/(#)1#)15(&'(6*&12):U(+)%:(.)9(.:$1&(2&($1&.:U(Y)(61&*&*(3"#$%2$U(I*:&(
6*.:"')'(#&)U
S(((\.:&$(((.)%:((("12*%&'&((H9&1.:)')*/((?"6:&?:&((!":B&((%5)3*:U(F$1/((2$1UUU((3&((.J$((0%:G#6'$:((2&((>$6:W
S((\#((2&.3B*.((>"3)'(($.)61$((61"61**'"1(%"$.:1&(:1)6&D(((\#(#$.$31$:((0%:1&4)'((3"16((2&(($1#$:5D
S((+5(:&J$T):&(F)#%&=&)D(.:1*45(0%41"=*:(8&):%$%:(-$.."RU
S((!":B&/($T):5J#5D(F5J#*(0%$6"*(6*.:"')'D(*#6'"15(-&%3^&'/(0%:*%=G%2)J?*((#G*%*'&(2&=%525T2)*:U(8&):%$%:(
!":B&(0'(61*,&?:&(*%:1*4$:(?*(&(4$:$(.5J*(2&$(6*.:"')'/(2$1(0%($3&$(3'*65()?$(.&(*=9&?:&(2&(6&1&:&(?*($4B*":$%:)'(
%5,5'&?:&(0%(3$#&15U(+)1G2&(3*%*3/(3$(2&
"9*3&*U
S((E$(((:&((()*:5D(((E$:5JL(((6&(((#$1&'&((3""12"%$:"1((2&((:*1((2&((('$(p**:&19)14D(((.:1*45((&'((3)((2*.61&7((3G%2((25(3)(
"3B**((2&((-&%3^&'U(<"#$%2$%:)'(F*,*=*&*(2&J$9*$($?:&$6:5(.5(2&$("3B**(3)(:*%&(3$(.GJ7*((6)%5((6*&'&$((6&((957D(((F&(
3&((21$3)V((%J$*(($?:&6:$:(("12*%)'(0%$*%:&(.5(2&.3B*=*(>"3)'W(CG%5(?*(1).%$3**(?:*)(35(%)(.&(2&.3B*2&(>"3)'(3)(?$.&(
#*%):&(#$*(:G1=*)D((F"$#%&/(3&(6"1351*&($*(6):):(.5((>$3*D(((+6&1((.5((>**((6'&3$:((2&(('$((F*,*=*&(0%$*%:&(.5(:&(61*%25
((*
">*7&1**(2&(*%>$%:&1*&(?*(2&(9'*%2$:&U(H(.5J7*(.3"$:5(#$7&'&(6&(4G:D
S((KJ$((>".:((,*%$((#&$D(((\((>".:(("((%&0%7&'&4&1&/((.&(:G%4)*&(-&%3^&'(((2*.6&1$:/(((*=9)3%*%2((0%((('$31*#*U
S((H(.5($*(:*#6(.5(2$*(&X6'*3$7**(0%(>$7$(<)17**(A$17*$'&/(1G2&(4'$3*$'($4B*":$%:)'U(+*%4)1$(:$(?$%.5(&(:5*&:"1)'(2&(
3$6&:&D(F$35(%)((:&((.$',&$=5((&'/((,&*((>*((0#6)?3$:((2&((=&3&(("1*D
S(((F$7*J#*((((6*.:"')'/((((*#6'"15((((-$)6:#$%%((((-&%3^&'U($457G%2)J.&((2&((91$7)'(($4B*":$%:)')*U
S((y*J$1(>*(#$*()?"1/(%)J*($?$W(1G2&(&'(2*.61&7)*:"1/(0%$T%:&(%)(,"*$#(.5(,52(6&(%*#&%*(0%(>$7$(<)17**(A$17*$'&U(F$1(
0%(3&&$(3&(((:&(((61*,&?:&/(((%)#$*((($.:$(((0#*(((2"1&.3D
0%(.3)1:(:*#6(.".&?:&(H9&1.:(@1**%/(0%."7*:(2&(2"*(6"'*7*?:*(#*'*:$1*(?*()%(H9&1*%.6&^:"1(2&('$(@c]cCHU
S((8)$7*JL(((2&((($*3*D((("12"%5(((H9&1.:(((@1**%(((3)(((2&=4).:U(((A5()#6'&((.3G19$((%)#$*((3G%2((0'((,52D
<5:)?&'&(6"3%&.3(6&(0%3B&*&:)1*'&(')*(-&%3^&'U(C515.&?:&(C".:)'(2&(3""12"%$1&($(:*1)')*/($:G1%G%2(3$("(9"33&$(2&(
=21&%7&(0%:1&(3&*(2"*(6"'*7*?:*(,"*%*3*U
L#3)+-B$$!.'%/!)3*'$/3($$!/7(@0')'$!*,%';$'!-)!03(=$$">
+*&4:1*&2((8$..""%
R74$/-%')!EWJo!*-+,!$%!='%+!+,!4,!.*-'%5!*'!4$*$3-(,),!(7.*(7*7(-/,5!8%/(63!2-)/7!+,!.@%&,5!;$!3*2,)-($$!%,&($!$$!
-)'%,*7!4,!%-."!K(,!3*2$$!$%*(,+$A$)!+,!.-;$$"!s3%,/-!*'!+'%&7!-)A-./(7!;$!./,-!(3;$,!8$!-/@(%7!8%/(63!4-(/,5!$-(!4,!A(-B') !
./@%&5!*-(,!.,!),-&7%7!$%'/$)!4,!)@%&7!/('45!.@%&,),!.,!.*'(&,!8%*,/5!4$*'(@%+!-43$!+,!4,!+,&,/,"!R'!0@%-!+(,-4/7 !
A79A@$,!+'47!N-&-%"!m6-!&7.$/5!)6-!($+$*-/!;$!-43$!-!B$4-/"!h%!.4-B$')!8%*2$.5!804';*7/'(-!(7.'%7!*-!3!)3<$/'(7!+,!/'%!
8%/(63!.-)7!+,!A-)"
J3(/-!.,!(7.'*,;/,!;$!/(-&,!+$%!8%/3-(*,(,"!M3-/,!4-/('!&)3-%B,),!%$0,(,.*!/('4')!3=$B,(')'$!EWJo"!=7*@%+'6)!.7 !
:<@*%,-.*7!.4-.03+$*"!s3%,/-!/$!*-+,!;$!.,!(3./3&3),;/,!4,!43+,-5!8%!03+!./(-%$'5!3*2,)-($$!8$!-9'%&!+$%!%3'!4,!3*2$"!
J$./3)')!)'$!J3(/-!;$!*,)!-)!('.')'$!.6-'!+,*)-%;-/!8%!-*,)-;$!030,%/"!E!<-:7!-)A-./(7!:A3-(7!8%!B7%+7($!;$!-4-!.,!
804(7;/$,!4,!93."!J$./3)')!)'$!J3(/-!43*%,;/,!;$!*74$/-%')!EWJo!B$47!$-(7;$"
S(E"((c!!:,"*(((#$7*D(((;34/,;/,!!,)!;$!!($+$*7!!N-&-%')"
J3(/-!8$!/(-&,!'%!;'/!4,./,!-(075!+-(!-)'%,*7!8%!A-)/-!+,!.@%&,
;$!!*-+,!4,!43+,-"
d'.')!.*3-),!!!'%!!-)/!!./($&7/!!;$!!-43$!!.,!!-'+,!!!'%!!!23(*7$/"!J3(/-!!!(70@%,!!!8%/$%.!!!)-!!!470@%/5!!!4($<$%+!!!4-(-)$:-/ !
B,-<-
N-&-%')'$"
F$*'B')!.,!-4),-*7!4,./,!A$(3'5!8%/$%:@%+'6.,!4,!A'(/7!*-!.7!43-)7!)$4$!&'(-!4$./3)')'$!.7'!vn!+,!*-4')!&($:3%-/!-) !
3=$B,(')'$!EWJo"!K4-.7!4,!/(7&-*$"!u,-./-!3=$B,(')'$!,D4)3+,-:7!*-!'%!4,4,%,!(7.*34/"!R(,$,(5!.@%&,!;$!-;*2$$!+,!3. !
804(3-;*7!/-<-%')!;$!.,!.*'(&!4,!4,(,B$"!E*2,)-($$!%,&($!-'!:A'(-/!4($%!-,(!;$!-'!-/,($:-$!)@%&7!';7"!o%!4($:3%$,(!*' !
2-$%7!*,%';$,!8$!./($<,;/,!.'A!/-)4-
A3*-%*')'$"
S((o(---P!./($&7!4($:3%$,($$5!-4(34$$%+'6.,!'%')!+'47!-)/')!;$
)3<$%+!*'!4$*$3-(,),!!*-+-<(')!!3=$B,(')'$!!!EWJo"
LLv
,)$-(./"+'"%%/0123
S((+)%:&7*(4$:$W(0%:1&$95(;5:1G%)'/(61*,*%2(6&.:&(0%:*%2&1&$(.&3:"1)')*(((2&(((>1"%:U(((<5.3$7*((()1&3B*'&/(
9&7*,$%*'"1/(((?*(((%)(((#5(0%:1&1)6&7*U(C'):"%)'(6"1%&?:&(*#&2*$:(0%(.6$:&'&(9$1$T)')*U(Z"#(#5:)1$(:":(3&(%&(.:5(0%(
3$'&U(F$35($1:*'&1*$(%J$(2*.:1).(6"=*7**'&(*%$#*3&(?*(%)('&J$(((.'59*:(1&=*.:&%7$/(,"#(3)157$(%"*(:":(3&J$(#$*(15#$.(3)(
41&%$2&'&(?*(3)($1#&'&($):"#$:&/(0%(61*#&'&(#*%):&(2)65(1*2*3$1&$(9$1$T)')*/(,&3*%**(,"1(>$3&(6&(&*(2&(>1*35(?*(,"1(
0%3&13$(.J"(?:&$145U(\?$(35(:1&9)*&(.5J*(')5#(6&(%&61&45:*:&(?*(.5('&(:5953*#(9*%&(>)%2)'U((Z&2&7*(:)>$($*$(
3$1$4B*"$.5(2&('G%45(3"6$3)'(.:)>".W(j0*(25(9*%"3')'(')*(C"V1:$/(2&?*(:)>$(.&(,&2&(3)("3B*)'('*9&1Uk(\1&("(>"1#5(
3*)2$:5h(6$1&()%(3$'(3$1&(.:5(T".U
S((c*/(3&J*(3)(:)>$($*$W(0%:1&$95(@1&4"1/(')G%2(9*%"3')'(2*%(#G%$((')*((C"1:$U
S((c((()%(((:)%(((2&(((v{(((##/(((0%3'*%$:((('$(((%*,&')'(((65#G%:)')*/(&X6'*35(;5:1G%)'/(6)>5*%2(2*%(6*6$(.$(3)(
35653&'(2&($14*%:U(8$(:1&*(.):&(2&(#&:1*(#$*(0%3"'"(&(0%41"6$:5("(9$:&1*&(2&(e{(##U(]&#&*D(F$1(%)(,5(>$3&7*(*')=**U(
+)%:(,&:&1$%&($'&()%)*(9$:$'*"%(2&(('*%*$((0%:G*U(((\?$((35((:1&9)*&((.5(('&((=9)1$7*((31&*&1**D(((F$35(('&(31)7$7*/("(.5(,5(
:1&=*7*(0#6)?3$7*(6&('$(.6$:&(3G:($*(=*3&(6&?:&D
S((8&(('*3B*25#((6&((:"$:&/(((.6)%&((C"1:$(((B":51G:U
S((E%(>$7$(:)>&*(.:)>"$.&/(3"%:*%)5(;5:1G%)'/(.)%:(6$:1)(7*6*(#"17*/(0*(,&2&7*W(0*(6):&7*(>"'".*(21&6:(6$1$,$%(6G%5('$(
"1$(-U(F$35(*%$#*3)'(=51&?:&(,1&"(#*?3$1&/("(.5(31&$25(35(.)>')'($=,G1'&(3$2$,1&'&((2&((3"'"J3"'"U
S((`*(2$35((%)(1&)?*#(.5J*(61".:*#(6&((%&#&1%*3*/(*%:&1,*%&(A*3)7)'/(3&(%&(>$3&#W((F$35J?*((2$)((.&$#$((35(6&(
.)9(B"*:)1*(#*?)%5((%&#7*((6'*%*((2&((,*$75W
S(((Z&7*(>*(61*#*7*(0%(0#65157*$(<&1)1*'"1/(%)W(2&3'$15(:5*".(;5:1G%)'U(F*%(6"=*7*$(1&.6&3:*,5(%)(,&7*(6):&$(0%$*%:$(
?*(%*3*(%)(,5(((,&7*(((6):&$(((0%:"$13&U
S(((Z$(((>*(((3$((("((35'5:"1*&((0%((*$2U(((H((.5(((%&((*$.5((?*(((.)>'&:)'/(9"#95%&((@1&4"1(0%4G%2)1$:U((jcX$#*%&$=5((3)(
$:&%7*&(:&1&%)'(61*%(9*%"3')Uk(F$V(95*&7**(5*$(?*J$)($'&.()%('"3(6&(3*%.:&(3$(.5(0%41$?&(65#G%:)'U((<1&2(35(p%$*%:&(2&(
$.:$(.J$)(4G%2*:('$(%"*D
S((\1#$:5((9'&.:&#$:5D(((0?*((.3"$:&(6G1'&$'$(6&%:1)(."'2$(6&(3$1&(%&J"(25D(.6)%&(\'9&1:(35:15%*:U(A$*($)(:1&$95(3)(
J:*%&(3B*$1(?*((2)65((3&J$*((2$:(("1:)'((6"6**D
S(((F$/((%&((B517)*&.3((2&((6$135(($#((>*(($%*#$'&/(3"#&%:&$=5(;$13&'"%$U(((`):)1*(((0%(((3)1/(((>1)%:&$(((.).(((?*(
4)1$J%3B*.5D
H@CI((S(((C"'*7*$((.&31&:5((.",*&:*35/(((61&3)1."$1&$(((f@;J)')*((T%")V"
S((K)J7*((45.&?:*(('*%*?:&$((%*3*((2)65((3&J"((#*&1'&?:*D((3"%:*%)5(*%2*4%$:(((\'9&1:U
S((<G%2($T)%4*('$(2"*(#&:1*(.)9(65#G%:/(3$(B1$%5(,*&1#*'"1/("1(.5(.3"$:5(>'$):)1*'&(?*(,*"1*'&(?*J"1(.5(0%3&$65(.5J7*(
3G%:&(0%:1)(Z&?%*3$(((C"#&%*1&/((.31G?%&?:&((C"1:$(((*1"%*3/((2&.>53G%2)J?*(('$14((U(91$7&'&U(<G:(:*#6(&?:*(0%(,*$75(%)(
2$)(2"*(9$%*(6&(:*%&U(Y1&9)*&(.5(:&($#)7&$.35(#$*(0%:G*()%(4'"%7/(3$1&(.5(:&(.3"$:5(2&>*%*:*,(2*%(((>)%37*)%&D
C&(#5.)15(3&("1$(-(.&($61"6*&/(3"#6$%*$(&(3)61*%.5(2&(6$%*35l(>1*3$(2&(#"$1:&(61&3&2&(0%:":2&$)%$()%($:$3U(K&(
61*,*#(3)()15/(%&(1G7"*#()%)'('$(3&'5'$':(>515(%*3*()%(#":*,U(K&(.:1G%4&#(9)=&'&(2&(0%3"12$1&U(\,&#("3B**(1&3*(?*(
4"*U(CG%5(?*(.:"#$3)'(%&(2"$1&(2&(>1*35U
;5:1G%)'(((.&((()*:5(((#&1&)((('$(((3&$.(((?*(((.:)2*$=5(((:&1&%)'(((61*%
9*%"3')U
S(((\7*((((61*3&6):(((3&(((,J$#(((&X6'*3$:W(((%&(((0%:1&$95(((&'/(,&1*>*3G%2)J?*(((6*.:"')'(((2&(((.&#%$'*=$1&U
0%((('"3((2&(((15.6)%./(((.&((($)2&((()%(((#"1#5*:(((*%2&.3*>1$9*'U
S((<&J$1(((>*(((.5(((%&(((#$*(((2&=#"17*#(((6)7*%((("$.&'&W(((61"6)%&(C"1:$/((="1%5*%2((=$1)1*'&((0%(((6$'#5U
K*#&%*(%)(.&(.*%3B*.&?:&(.5J*(15.6)%25U(K&()*:5#(')%4()%)'('$(3&'5'$':/(3"%?:*&%7*(35(6&%:1)(#)'7*(2*%:1&(%"*(
$3&$.:$(,$(>*()':*#$(=*(2*%(,*$75U(<)*(0*(,*%&(1G%2)'(2&(2$:$($.:$W
<)(:"7**(%&(0%:1&95#(0%(4G%2/(B5'52)*%2(3)(61*,*1&$(0%(T)1U(+*4)1/(.6&15#(.5(%)(>*&()%)'(2*%:1J$*(%"?:1*/(2$1/(2$35(
:":)?*(.&(0%:G#6'5/(%&(#$13B&$=5(>"$1:&(#)':U
c(')%45('*.:$(3&'"1(3$1&($)(>".:(156)?*U(<G7*,$(2*%:1&(%"*(.)%:&#(0#61&)%5(2&(#)':5(,1&#&(?*(.&(6$1&(35($#(0%,57$:(
.5(%&(.:1&3)15#(61*%:1&(.3B*T&'&()3*45:"$1&U
K&(($>'5#((0%:":2&$)%$(('$(()%(((6$.((2&(((#"$1:&U
I%(?)*&1$:($.3)7*:(%&(>$3&(.5(.51*#(0%(6*3*"$1&U(]1)%:&$(')*(@1&4"1(&(915=2$:5(2&("(:5*&:)15(0%4).:5U(+3"$:&()%(7*65:(
?*(.&(615,5'&?:&(6&(.6$:&U
0%(61*#)'(#"#&%:(LJ$#(31&=):(#"1:/(2$1(2)65(3G:&,$(3'*6&(2&.3B*2&("3B**U
S((C&(:"7*(21$3**D((#"1#5*&(&'/(.3B*#"%".*%2)J.&(2&(2)1&1&U(K)((.)6"1:((.5((>*)((0#6)?3$:D
S(((F$/(&1$(3G:(6&J$3*(.J"(657&?:*/(.6)%&(">*7&1)'(#&2*3(p$#&1/(9$%2$TG%2)J*(1$%$(3)(2&X:&1*:$:&U((\*($,):((%"1"3D(
@'"%7)'(&1$("9".*:((3G%2((:&J$(($:*%.D
S((C$135JL((.*#:((3)#((.&((=,G13"'&?:&((.5((*$.5/(4&#&(@1&4"1/($6)3G%2)J.&(((3)(((#G*%*'&(((2&((3$6U
\6$1&(A$T"1(m)#/(0%(>1)%:&$(4&%*?:*'"1(.5*(3$1&(0%T)15(?*(9'&.:&#5(.)9(41&):$:&$(&3B*6$#&%:)')*h($1)%35:"$1&(
.6&3*$'&(2&(>'5351*/('5=*(3)(&X6'"=*9*'*(?*(%*?:&(1"'&(*#&%.&(2&(>*:*'(.6&3*$'U
LLo
I%(H9&14&>1&*:&1(3)("(>*4)15(2&(91):5(2&.>$3&("('$25(3)(&X6'"=*9*'(6'$.:*3/(2*%(3$1&(C"1:$(?*(A*3)7)'(0?*(*$)(>*&3$1&(
3G:(6":(2)3&(0%:1J"(#G%5U
S((<&J.(($.:&$/((>1$:&W((0%:1&$95((3)1*".((\'9&1:/($6'&3G%2)J.&(6&.:&('$2$((6'*%5((3)(6$3B&7&'&((#*3*U((C&%:1)(()%(
"3B*(%&*%.:1)*:/($1$:5((3$(((%*?:&((.56)%)1*(($#9$'$:&U
S(((\1:*>*3**(((3$1&(((:&J$T((6):&$(((.3"$:&(((2*%(((6*&'&$(((:$(((%&$415/(1G%T&?:&(H9&14&>1&*:&1)'U(0%3&$135(.5(3$'3*(6&(
&'&U(Y&J$1($'9*(3B*$1(.*(((6&((:*%&/(($#*3&D
S(((F1$3&D(((9"#95%&(((\'9&1:U((0%2&651:G%2)J.&((61&3$):U
S((A$*(.)%:(3*%3*((#*%):&(6G%5(D$(("1$(-/(.6)%&()%(#$*"1U(Y15.5:)1*'&(.$'&(31*.6$:&(:152&$=5(>$6:)'(35($(:1&3):(61*%(
#)':&(.*:)$7**(2*.6&1$:&(6&(3G#6)'(2&(')6:5U(@)1$(0*(&(3"%:"1.*"%$:5/(3$(?*((3)#(((%J$1(($,&$((%*3*((("((#5.&$U
;5:1G%)'(.'"9"$2&("(>')*&15:)15/(0?*(6":1*,&?:&(3)1&')?$(35?:**(?*J?*(((#$*(((,G15(((3G:&,$(((41&%$2&(((3)(((#G%&1((0%(
9"3$%3*U
S((@$:$/((2"#%)'&D(((#)1#)15((&'U
S((K)((%&(('5.$/(H9&1>&'2,,&9&'U((#G1G*&(A$T"1)'(9".)#>'$:U(Z*$7$(((%"$.:15(((2&6*%2&(((?*(((2&(((:*%&D
@&%*?:**(0?*(61&45:&.3($1)%35:"$1&'&(2&(41&%$2&/(3&13&:G%2)J?*(2*%(((%")((3&$.)1*'&U
S((<&(21$3)V(>$3((:)%)1*'&($'&$W(0%:1&$95((;$13&'"%$(61*,*%2(6&.:&((()#51U
S((<$(0%:":2&$)%$/(:"$:5(')#&$(25(2*%(3"'7(0%(3"'7U(1&#$135(C"1:$(1G=G%2U(K*3*"2$:5(%)(#&14&(:":)'(.:1)%5(0%(
$1#$:$($.:$(:G#6*:5U(<1&2(35(%&#&1%*3**(2"1#(2)?*(?*J*(2"$1&(&X$3:(0%(3)1(2&(%"*/(((*%>$%:&1*?:**U
S((<&(%$*9$(.&(0%:G#6'5W(0%:1&$95(#$*"1)'(%&'*%*?:*:U(]"3)'(2&(9$1$T(.&(&X&3):5(0%:1&("1$(-(6').()%)(?*("1$(-(6').(
?$6:&U(\3)#(&("1$(-(?*("6:(#*%):&U(j+&()*:5('$(3&$.)'(;5:1G%)')*(?*('$(3&'($'(]&'2R&9&')')*(;1$%2Uk(\?$(&/(
3"%>*1#5(&'(0%4G%2)1$:U(+J$(0%:G#6'$:(3&,$/((2$1(2&((3&((21$3)V((%)(((%&(($%)%75W
F*%.61&(0%3B*."$1&$(H@CI(.&($)2(9)9)*:)1*'&(:)%)1*'"1(2&(LO{(?*(2&(Lv{(##U(H9)=&'&(%&(=9"$15(6&(2&$.)61$(
3$6&:&'"1(?*(.&U(6159)?&.3((0%(((652)1&U
S(((]*7*(((4$:$(((2&((($:$3D(((3"#$%25(((.3)1:(((#$*"1)'/(((')G%2)J?*(((i($):"#$:)'U
S((K)(((6):&#((($:$3$(((>515((($T):"1)'((($1:*'&1*&*D(((61":&.:&$=5(8&):%$%:(((@&1%&1:(((>)1*".U
S((<G%2("(.5($#(%&,"*&(2&(651&1*'&(:$'&U("(.5(:&($%)%7U(&)U(8&):%$%:D(((#G1G*&((#$*"1)'((15):53*".Ug(c("1$((-(?*(
=&3&(#*%):&D(\:$35#(($?$((3)#(((%*((.J$((("12"%$:D(((0%$*%:&D
S((c(3)1$:5(%&9)%*&D(.).7*%&(0%(3"%:*%)$1&(c3):%$%0)'U(H1(.5(%&(((#53&'51&$.35(((&X$3:(((3$(((6&(((%*?:&(((,*:&D(((K)(
6):&#(((.5(((%&
$61"6*&#(2&(6)?351*$($*$(9'&.:&#$:5(>515($T):"1)'($1:*'&1*&*U(\#(#$*((0%3&13$:((2&((%)((?:*)((3G:&(("1*((6G%5(($3)#U
S((K*#*3(%)(&(*#6".*9*'(6&%:1)(F)#%&=&)(?*(6&%:1)($1#$:$(61).$35/(((1G%T&?:&(((C"1:$(((>'&4#$:*3U(((+3)'$1&$/(((?*(
B$*2&7*(((.J"(6"1%*#U(((L1$$(!1'2(,(!!'%+!d,$*25!!!p,$)P>"
S((A5(0%:1&9(2$35(F)#%&=&)(&1$(0%:1J"(=*(9)%5(.$)(0%:1J)%$(61"$.:5(((3G%2(((%&J$(((>53):(((."'2$7*(((0%((($1#$:$(
61).$35/(((1G2&(=4"#":".((A*3)7)'U
S((\1(:1&9)*(.5(>**(#G%21)(35(&?:*(4&1#$%/(61"3'$#5(-&*2&/(#).:*%2((2&((6$:1*":*.#((?*((*=9*%2)J.&((3)((6)#%)'((0%(
6*&6:U
S((+6&1(((35(((,&*(((>*(((#G%21)(((0%(((3"%:*%)$1&/(((.)1G2&((($#$1
#$*"1)'U
-&*2&(%&((.:156)%4&(3)(61*,*1&$(?*((#"1#5*&(3&,$(%&0%7&'&.U
S((c((:*#6)'D((("12"%5((:5*".((;5:1G%)'/((?)*&1G%2U
+*')&:&(3$#)>'$:&(0%($'9(6$1(.5(15.$15(2*%(=56$25/(0%$*%:G%2(1$6*2/(3)(6$?*(#$1*U
S((A*?3$7*J,5D((((A*?3$7*J,5D((((1$4&((((A$T"1)'(((3)(((("(((,"3&
65:1)%=5:"$1&U
F&?*($1&(3*%3*=&3*(2&($%*/(.&(#*?35(&X$3:(3$()%)'(2*%:1&(3&*(#$*(:*%&1*U(K5,5'&?:&(3$("(,*T&'*&(61*%(=56$2$($2G%35/(
3)($):"#$:)'(0%:1J"(#G%5(?*(3)(0%35135:)1$(&X6'"=*,5(0%(3&$'$':5U(]1G%4B**'&(3)(B$16"%(=9"$15/(?)*&1G%2(0%.61&(
3)'#*U(C1*#&'&(:1)6&(2&($.$':(0%3&6($.3&%.*)%&$/(0%(%"$6:&$($2G%35(.&(*,&.3(>'5351*(2&('$(4)1$(7&,**/(.3)*6G%2(2*%(
:"$:&(2*1&37**'&U
S((\''$BJ&'J\^9$1/((<$<,!!)-!!03(/P!!.:1*45(((#*3)'(('&4*"%$1(3)(>$%$:*.#/((3)61*%.((2&((%&9)%*&/((3$(('$((("1*3&(($:$3U
A5(0#6*&2*3(2&("(1"'5(2&g(.G1#5(4B*#6$:5U(y&6**(2&(#&:$'(#5(.:1G%4(3$(0%:1J"(3$63$%5/(0#*(.:156)%4(#$%:$)$(2&(
*$1%5(?*(0#*(.>G?*&(6*&'&$U(<$):(>&91*'(3'&?:&'&(6&%:1)(.G1#5/(2$1(%)JL(45.&.3U(C1"9$9*'(35(LJ$#(6*&12):U(A5(
3"6'&?&?:&(41"$=$U(A5()*:(2*.6&1$:(2)65(3&*'$'7*/(6&(3$1&(*J$(0%4B*7*:(6$135(0%:)%&1*3)'U(<&'(#$*(3)#6'*:(')31)(3$1&(
.&(6"$:&(0%:G#6'$(0%(6'*%($:$3(&.:&(.5(:&(6*&1=*(2&($*(:5*(?*(.5(15#G*(0%()1#5U(0%(#"#&%:)'(5.:$/(.)%:&#(0%(">&%.*,5/(
2$1(.*:)$7*$(.&(6"$:&(.3B*#9$("1*3G%2U(<B*$1(?*(0%(3G:&,$(#*%):&U(\:)%3*(%)#$*(F)#%&=&)(0'(#$*(6"$:&($T):$(6&(
3&'(3$1&(.J$(15='&7*:U(+&(6"$:&(:1&=*(3)()%(4'"%7(0%(3&$>5U(+$)(#$*
15)D
S((\*(((*%:1$:((0%(((1$B$:/(((%)W(((1G2&(((;$13&'"%$/(($6'&3G%2)J.&
2&$.)61$(((#&$U
A5(&'*9&1&$=5(1$6*2U(+G1#$(6'&.%&?:&(?*(3$2&($'5:)1*U(A5(1".:"4"'&.3(?*($:&1*=&=(0%:1J"(41"$65/(0#61&)%5(3)(C"1:$(
?*
A*3)7)'U
S(((@1&4"1($(')$:J"(%*7&'(0%$*%:&/(=*3&(C"1:$/($15:G%2(3)(#G%$
)%2&,$(((0%(((0%:)%&1*3)'(((2&%.U(((C1*%2&JL(((2*%((()1#5D
A$*($,&#($61"X*#$:*,("(.):5(2&(6$?*(6G%5('$(9$:&1*$(41&$/
(('
3$1&((($(((>".:(((6&1>&3:(((3$#)>'$:5U(((KJ"(((,&2&#(((%*3*((('$(((')#*%$(>'5351*'"1U
S((s?:*$(2"1#(2&(1)6(65#G%:)'/(?"6:&?:&(A*3)7)'(1&,"':$:/(0%:*%=G%2)J?*(4$:)'(0%$*%:&U(F"9*:"3**(%*3*(%)(.&(#$*(
4G%2&.3(35(.)%:&#(((.*(((%"*(((6&J$*3*U
S((\1)%35(3)(41&%$2&D("12"%5(@1&4"1(154)?*:/(1&:154G%2)J?*(91$7)'U
C"1:$(((.*(((A*3)7)'((('&(((61&45:&.3/((($6"*(((%*((('&(((2$)(((%")5U
A5(2"$1&(91$7)'U(E7*(:1&9)*&("(:&B%*35(.6&3*$'5(.*(>"$1:&(#)':5(>"175(3$(.5($1)%3*("(41&%$25($:G:(2&(2&6$1:&/($?$(3)#(
1&)?&.3(&)(.*U(@1&4"1U(Y1&9)*&(.5("($=,G1'*(3)(:"$:5(41&):$:&$(3"16)')*/(*$1(2*%(6"=*7*$(3)'3$:(&(>"$1:&(2*>*3*'U(\*(
.&%=$7*$(35(:":(:1)6)'()1#&$=5(:1$*&3:"1*$(41&%$2&*U
C1"9$9*'(35(61*#&'&(2")5($)('",*:()%(#"1#$%(2&(#)%*7*&U(cX6'"=*$(3($:G:(2&(,*"'&%:5(0%3G:(.&$#5%5(3)("(&1)67*&(
,)'3$%*35U(Y)%)'(3)(7&$,$(')%45(.$1&(0%($&1(3)(&3B*6$T(3)(:":U(;5:1G%)'(.&(*,&?:&(2*%U(3$65:)'()%)*(2&:$?$#&%:/(
0%":G%2(61*%(=56$25U
S(0%(6*3*"$1&/(:*35'"?*'"1D(=9*$15(&'(%&9)%&?:&/(:1&3G%2(6&.:&(15#5?*7&'&(9$:&1*&*(2*.:1).&U
H(')5#('$(>)45(61*%(=56$25(.*(%&(0%21&6:5#(35:1&(3$65:)'("6).($'(6"=*7*&*U
Y1&9)*&(.5(%&(3"%:*%)5#(21)#)'(0%$*%:&(3$(.)61$,*&7)*:"1**(.5($6)3&(.5(.&(2&=#&:*3&$.35U(K&J$1(,&%*(*#&2*$:(2&(
B$3(3)($1#&'&(15#$.&U
A*3)7)'(&(3$()%(&'&>$%:(3)61*%.(2&(:)19$1&/(0?*(1":&?:&('"6$:$(2&(*%>$%:&1*&(6&(2&$.)61$(3$6)')*/(:5*%2(.*(.6*%:&3G%2(
:":)'(0%(3$'&$(.$U("19*:(2&(>)1*&U
0%(3*%3*(#*%):&(:1&3&#(2&(9$1$T)'(2&(.G1#5(4B*#6$:5/($1)%35#(41&%$2&(0%($256".:)1*(.*(0%(41"6*'&(*%2*,*2)$'&U(K&(
%56).:*#(3$()%()1$4$%($.)61$(6"=*7**'"1(*%$#*3&U
8$(')#*%$('*#9*'"1(2&(>"3U(0'(=51*#(6&(#$*"1)'(2&('$(4&%*?:*(0%(((>1)%:&$(((41)6)')*(((.5)/((($:$3G%2(((3)(
$1)%35:"$1&(((2&(((>'5351*(>&#&*'&(($1:*'&1*.:&U(((!)."$*3&'&((*&.(0%(4"$%5((2*%(($256".:)1*/(0?*(1*2*35((#G*%*'&(
2&$.)61$((3$6)')*(?*((.&V)*:5(0%41"=*:&(*$(2*$,"'**($'9*(3$1&(%5,5'&.3(2&(61&:):*%2&%*U(]"3)'(%&($#&%*%75(3)('*#9*'&(
.$'&()1*$?&U((C&.:&(:":(6'):&?:&(2)B"$1&$(2&(#":"1*%5($61*%.5(?*(3$1%&($1.5U(K&("2*B%*#(6)7*%(0%(6"=*7**'&(*%$#*3&U(
\,&#(.&%=$7*$(35((((6'5#G%**((((%)(((%&(((#$*(((0%3$6(((0%(((6*&6:/((((0%(((3*)2$(((>1*4)')*(#)?35:"1/(.)%:&#('&"$135(2&(
:1$%.6*1$7*&U((K&(2&.>$3&#(4)'&1)'(2&('$()%*>"1#5/(3)()%(.*%4)1(4G%2U(\&1D(m56$2$(2*%(T)1)'(%".:1)(&((($3"6&1*:5(
2&(((3$2$,1&(((.>G1:&3$:&/(((0%%&41*:&(((?*(((0%.G%4&1$:&U(]'5351*'&(((})*&.3(((?*(((.>G1G*&(((3$((("(((3$1%&(((615T*:5(((6&(
415:$1U
S(((<&(3*1$3**V(.&(0%:G#6'5(3)(:)%)1*'&W(q9*$15(>)1*".(;5:1G%)'U
S(((\)((:1&3):((()%.61&=&3&((#*%):&(&'&(('$("1$((>*X$:5/((#"1#5*&(8&):%$%:(((@&1%31:
S(((K)(((%&J$1((('*6.*((($3)#(((2&3G:(((.5(((2&.3B*25((('"3)'((3G%2(((%&($>'5#(((%"*((('$(((,&3*%*/(((61&=*3&(((;$13&'"%$(
.)#91)U
S(((K)(((6":(((>*((($:G:(((2&(((:G#6*7*D(((.:1*45(((@1&4"1((3)61*%.((2&(6$%*35U(((F"$1((.&(((?:*&(((35(((.)%:&#((($*3*D
+*#7*#()%(>*"1(2&(41"$=5(6&(?*1$(.6*%51**U(\1(>*(.:)6*2(.5(%&(#53&'51&$.35(61"61*$(%"$.:15($1:*'&1*&U
S((F,(,),!!!-'D!!`,'D"!!!B$*2&7*(((.J"(((?:&14&#(((2&((($*3*(((3$:(((#$*(1&6&2&/(61"6)%&(8&4*"%$1)'/(61*,*%2)J*(
0%:1&95:"1(6&((;5:1G%)'U
C1*%($9)1)'(":15,*:"1(?*(0%&353*".(3$1&(.&(2&4$T5(2*%(65#G%:/($6$1&("(3"#6$%*&(2&(#":"3*3'*?:*U(<"#$%2$%:)'/()%(
-$)6:#$%%(3)(651(41*qU"%$:/(%&(>$3&(.&#%&(J?*(.:1*45(3&,$(%&2&.')?*:U
S(((;G4$JLJ$?(*%(#5J.$D(#G1G*&(A*3)7)'U(K)(%&("12"%5(%")5("1*3&(2"9*:"3D(KJ$#($T)%.(3B*$1($?$(2&(15)D(K&(#$*(
7*%&#(*%35(6&(((6*3*"$1&D
S(((A*?3$7*J,5D((((A*?3$7*J,5D(((=9*$15((($4*:$:(((-$)6:#$%%)'U(1*2*3G%2(((6)#%)'(((6&%:1)((3"#$%2$h(((P0%$*%:&/(
>)4$J#$1?D_
'*(1G2&#(0%(%$.U(613:V53)%2)J%&(35(%)J*(0%7&'&4&#(.&#%&'&U(F*%:1J"(&X6&1*&%75($#$15(?:*#(35(%J$1(:1&9)*(.5(>$3&#(
:1&9)1*(2&(4&%)'(5.:$(3G%2(.)%:&#($#&.:&3$7*(3)()%(41)6(.:15*%U(!*.35#(.5(61*#*#(.$13*%*(>"$1:&(41&'&(3$1&($2)3($(
&1"*.#(?*($(Z$'B$''$U
S(((ch)(%)(#5(#$*(#*?3(2&($*3*(2$35(%)(.)%:&#(.61*T*%*7*(2&($1:*'&1*&/(4'%$0'$,;$G"G!2&3*2&((C"1:$(3$:&4"1*3U(
jC&.3)*&?:3()%(1&.:(2&((((9)2*%35((((2*%((((1$%*75Uk((((K*3*((((3B*$1(((@1":$q/(((*%((((>1)%:&$(6.*B"6$7*'"1((')*/(((%J$1(
15=9$:&((6G%5(('$(((6)?351*$(($*$((3"#)%*.:5(E$15(((>"3(((.).7*%):(((2&((($1:*'&1*&D
H(((&X6'"=*&(((6):&1%*35(((**(((3)1#5(((,"19$U
]"3(((3"%3&%:1$:(((%&(((0#61&."$15(((2*%(((>$75(((?*(((2*%(((.6$:&U
0%(3G:&,$(3'*6&/(:*1)'(.&(0%:&7&?:&/(:1$%.>"1#G%2)J.&(*%:1J)%(6":"6(2&(.3B*T&(2&("7&'(?*(>"3U(8(3$(?*(3)#(*%:1&4(
65#G%:)'($1('*($1)%3$:(*%(3&1(?*($6"*($1(352&$(*%$6"*U(=4)2)*%2)J.&(2*%(:&#&'**U(F&(*$(%"12('$(.)2U(*%:1&4("1*="%:)'(
$12&U(+)>')'(%&(0#615?:*&(3$(6&(%*?:&(#*%4*U(K&(*%>*4&#(3)(2*.6&1$1&(#G*%*'&(?*(6*3*"$1&'&(*%(=56$25U
H((.$',5((()1*$?5((3$2&((2&$.)61$(($256".:)')*((2&((.&#%$'*q$1&U
8&#%&/(.3G%2)1*/(3$9')1*(2&(:&'&>"%(?*(:1)6)1*(.>G1:&3$:&(.&(0#615?:*&(6&(3G#6)'(2&(')6:5/(*%:1J)%($#&.:&3(.*%*.:1)U(
H(%")5('",*:)15(%*#&1&?:&(*%(6'*%(6"=*7*$(2&,$.:$:5/(#):*'G%2J"(?*(#$*(:$1&U(0%:1&$4$(="%5($1$:5(3$()%(#$*2$%(6'*%(
2&(4)%"$*&U
<(3,$(#$*(0%3"'"/()%("9)=(I%&?:&($256".:)'(3)1*&1*'"1/(3$1&(.&(:1$%.>"1#5(6&('"3(*%:1J"(#$.5(2&(.G%4&(?*("$.&(
.>51G#$:&U
H9)=&'&(3$2(E$15(*%3&:$1&U(8"3)*(*%(3$1&(.&($>'5(3"#6$%*$($1)%35:"$1&'"1(2&(>'5351*(.J$(61&.3B*#9$*(*%:1J)%(6&*.$*(
')%$1(6*)*(2&(41"6*(**)%&4$%2&(?*(#$:&1*$'&(2*.'1)U.&U('V")*'(&(0#61"?3$:(3)(.G%4&/(>"3)'(3"%3&%:1$:(2&($1:*'&1*&(
7G?%&?:&(.61&(*U&*(3)(Vi(>"175(*%31&2*9*'5U(H$#&%**(.)%:($1)%3$7*(*%($&1l(*%(#"#&%:)'(*%
3$1&(.)%:(*=9*:&(2&(65#G%:/(:1)6)1*'&('"1(2&,*%("(#$.5(*%>"1#5(2&(((3$1%&U
I%(%")(=4"#":($3"6&15(9)9)*:)1*'&(:)%)1*'"1U(H(6&12&$(2&(>'5351*(0%$*%:&$=5(.61&(%"*(3$()%(:5,5')4U
+"'2$7**(4&1#$%*(>)4(0%41"=*7*/($'5:)1*(2&(1)?*/(2$1(.)%:(0%4B*7*7*('$"'$':5(2&(6'"$*$(2&("9)=&U(-$'3*(2&(3$1%&(
.>G1:&3$:5(7G?%&.3(.61&(3&1)'(.G%4&1*)(3$(%*?:&(>G%:G%*($1:&=*&%&U(<&*(15%*7*(7*65(.>G?*&:"1/(2$1(%)J*($T):5(%*#&%*D(
C5#G%:)'(3'"3":&?:&l(&()%($2&,51$:(*$2U(C$1&($(>*(.>G1?*:)'(')#**U
!54&:)'($.)1=*:"1($'(9$:&1**'"1(2&(L{v(?*(Lv{(##(%&(>$3&(.5(%&(:1G%:*#(6&(9)1:5U(cX6'"=**'&(0#61"$?35(>"3(6&.:&(
3"#6$%**'&(2&($.$':/(61&.3B*#9G%2)J'&(6&('"3(0%:1J"(415#$25(2*>"1#5(2&(.G%4&(?*(3$1%&(3*"6G17*:5U
0#*(((0%$'7(((61)2&%:(((3$6)'(((?*(((0%3&6(((.5(((#5(((1*2*3U(S(8$((65#G%:D((0#*((.:1*45((;5:1G%)'/((1".:"4"'*%2)J.&(0%:1J
"(41"$65(2&("9)=U(H(%")5(.$',5(2&(61"*&3:*'&(=4)2)*&(65#G%:)'(3$()%(((3):1&#)1(((,*"'&%:U(((C1&:):*%2&%*(((=9"$15(
9)357*(((0%3*%.&(((2&(?1$6%&'U(((C1"*&3:*'&'&(((3$2(((6&(((>*&3$1&((3&%:*#&:1)(((65:1$:U
;5:1G%)'(0%?>$35(6*.:"')'(2&(.&#%$'*=$1&($'(8&):%$%:)')*(@&1%&1:(?*(:1$4&()%(61"*&3:*'(1"?)U(Y*1)'(2&(9$1$T(
3"%:*%)5U(;5:1G%)'(:1*#*:&("(%")5(1$3B&:5(2&(.&#%$'*=$1&/(0%T)1G%2U(K&(25#(.&$#$(35(.)%:&#(35.56*7*(2&(61"61*$(
%"$.:15($1:*'&1*&U(]"3)'(0%$*%:&$=5('&%:/(2*.:1)4G%2(6"=*7**'&(1).&?:*(2&T$(3)3&1*:&(2&(:1)6&'&(%&#7&?:*U(H9)=&'&(3$2(
0%()1#$(."'2$7*'"1(2*%('*%*$(0%:G*U(<$2$,1&'&(.)%:($1)%3$:&(2*%(=56$25(3$(0%:1J)%(2$%.(%&9)%U(K"1**(.&(1&:1$4/(
'5.G%2(0%()1#$('"1("(#$1&(0%,"'9)1$:5(2&(>'5351*U
C$1&(35()%(6)#%()1*$?($(%*#*3*:/(0%:1J"(3'*65/(6"#**(?*(3$.&'&U
I%(.31G?%&:(')%4(?*(.*%*.:1)(%&(=4G1*&(%&1,**U(C1*,*#(:&1"1*=$7*('*#9*'&(2&(>"3(2&(6&(3&1/(3$1&(&X6'"2&$=5(3)(
=4"#":&($.)1=*:"$1&U(F*%(65#G%:(15.$1("(6)=2&1*&(2&(%"1*(1"?*&:*3*/(0%(>"1#5(2&(3*)6&135U(+)%:(1$3B&:&'&(
0%41"6$:&(0%(=56$25/(3$1&(&X6'"2&$=5U(\1:*'&1*$(41&$(1).&$.35(15.6)%2&($:$3)')*U(\&1)'(6$1&(*%,$2$:(2&(.31G?%&:&(
2&(#&:$'U(C1"*&3:*'&'&(3$2(3$("(41*%2*%5U(K*#*3(%)(,!31)7$:U(C52)1&$(0%4B&7$:5(2&(6&(3)'#&$(2&$')')*(&(1$.5(2&(6&(
>$7$(65#G%:)')*(2*%:1J"(#*?3$1&(0%(&,$%:$*($(:)%)1*'"1U(!5#G%(2"$1(3G:&,$(3*"=,G1:&(2&(:1)%3B*)1*U
]'5351*'&(0%$*%:&$=5(0%3&:/(#*.:)*%2(:":)'(0%(3$'&U(Y":)'(&(%*#*3*:U
+)61$>$7$(2&(:&1&%(6$1&(2&(%&1&3)%".3):l($1$:5(3$(?*(3)#($1(>*(>".:(.>G?*$:5(0%(:"$:&(2*1&37**'&(2&(3)7*:&'&()%)*(6')4U(
C&.:&(:":/(3$2$,1&(?*(15%*7*(3$1&(3&1($T):"1U
<G%2(.5(%&(1*2*35#(0%(6*3*"$1&/(.&($)2&()%(=4"#":(2&(6$135(#*'*"$%&(2&(9):"$*&(2&(:$9'5(.J$1(1".:"4"'*(6&(3&1U
LOO
H(&X6'"=*&($.)1=*:"$1&(=4)2)*&(65#G%:)'(?*("(6&12&$(3"'".$'5(2&(>'5351*(.&(0%$'75(35:1&(3&1U(p)'*).(-&*2&(:1$4&()%(
7*65:(?*(0?*(.$65("(41"$65(0%(=56$25($'5:)1*(2&(C"1:$U
]&'2R&9&'(;1$%2:(&(61"*&3:$:($>$15(2*%($256".:)'(6&(T)#5:$:&(2*.:1).U(+G%4&'&(0*(3)14&(?*1"$*&(6&(>$75U(+&(
6159)?&?:&(:53):(0%(#*T'"3)'(%".:1)U(H(3"#6$%*&(2&(*%>$%:&1*&(3$):5($256".:/(2$1(&(61"*&3:$:5(0%($&1U(C&(65#G%:(
$:&1*=&$=5(%)#$*(9)357*(2&(3$1%&(.>G?*$:5/(#).:*%2(2&(.G%4&U
S((F"$#%&/($*/(#*'5(2&(%"*U(6'G%4&(8&):%$%:(@&1%&1:(*.:&1*3U(E2*"7**(($)((2&.3B*.((>"3)'((61&$(((:G1=*)D
I%(?)*&1(65:1)%=5:"1(0*(3)1#5(,"19$l(3$.3$(0*(&(2&.6*3$:5U(\1&("(T)#5:$:&(2&(>$75(3"#6'&:(=21"9*:5(?*(3)1G%2(.&(
.3)>)%25(0%(61"61*)'(.G%4&U
S((!)?**D(Z*%(1)?**D(=9*$15(%*?:&(413%$2*&1*(0%41"=*7*U(<"9"$15(2&$')'(3)("($.&#&%&$(,*:&=5/(0%3G:($*(31&2&(35(
0%.)?*(2*$,"')'(&(6&((()1#&'&((('"1U
;$13&'"%$(:1*#*:&("(1$>$'5(61&')%45(0%(3&,$(3&(6$1&($(>*()%(1).U(0%?>$3("(41&%$25(2&('$(3&%:)15/(:1$4(*%&')'(?*("(
$1)%3U
Y)%)'[($%:*:$%3('$:15($#&%*%75:"1/($'5:)1G%2)J.&(1565*:)')*(61&')%4($'(#*:1$'*&1&'"1(41&'&U
S((CG%5((($*3*(((%&J$(((>".:D(((.&(((:G%4)*&(((C"1:$(((3)((("(((61*,*1&(0%4B&7$:5/((>*XG%2)J?*(((6$:)'(((6)?:**((0%(()#51U((0%(
>$7$((%"$.:15((.&(*,&.3(((61*%(((3&$75(((35?:*(((2&3"1$:&(((3)(((.:&'&U
S(((I1$$D((((I1$$$D(((.&((($)2(((.:1*45:&(((154)?*:&/(((0%(((,1&#&(((3&(B"$12&'&(((0%(((^$^*(((.&(((1&,$1.5(((2*%(((#"$1$(
2&(((6&(((31&$.:5U(((K&(61&45:*#(((0%(((41$95((($1#&'&((($):"#$:&U(((A*:1$'*&1&'&((('$:15(((.61&()#91&U(((@1&%$2&'&(((3$2(
3$((("(((41*%2*%5(((0%(((#*T'"3)'(((41)6)1*'"1(.:1G%.&(((($'&(((($:$3$%7*'"1U((((I%((((:1$%.#*.*"%*.:((((0?*((((#$%&,1&$=5(
$6$1$:)'(?*()1'5(0%('$1*%4">"%U((8*%*$(&(#"$1:5U(Y"$:&(>*1&'&($)(>".:(((:5*$:&(((2&#)':U(((])1*"./(((*=9&?:&(((:&'&>"%)'(
3)(((6*3*"1)'U
S((Y1&9)*&(.5(%&($3"6&1&(:)%)1*'&/(.6)%&(H9&1.:(-*%^$/(3$1&(.".*.&(?*((3*(*%(('*%*$(0%:G*((0#61&)%5(3)(.:$:)'((.5)(
#$T"1U(c1$)(0%$1#$7*(((3)((3$1$9*%&((?*(((6*.:"$'&J#*:1$'*&15U
S((+5JL(((:1*#*:&#(((6&(((61">&."1)'(((5'$(((:G#6*:/(((3)(((6&:&(((2&(3&1%&$'5(6&(3)1/(61"6)%&(A*3)7)'(1G=G%2(3)(
6">:5/(3"%,*%.(35(:"3#$*((($(((.6).((("(((4')#5(U9)%5U
JS(c?:*(%&9)%/(.$)(3&W(*%:&1,*%&(C"1:$U(K)(.J$1(#$*("61*(2*%(>)45(6G%5(%J$1($T)%4&(*$(\:'$%:*3D
S((\(((#)1*:/(((1G2&(((@1&4"1U((()*:G%2)J.3((('$(((61">&."1)'(((3$1&($')%&3$.&(((6&((T)#5:$:&(((.)9((("(((.:G%35U
S((Y)U(((#"1:W(((1$4&(((A*3)7)'(((?*JL(((0#6)%4&(_3)(((9$*"%&:$U
S((8$.5J#5(0%(6$3&/(.3G%3&?:&(61">&."1)'(2*.6&1$:U(F"$#%&/(3)(3&J$#(41&?*:(3$(.5(0%2)1(:"$:&($.:&$W(\T):$7*J#5/(
3$#$1$=*D(\T):$7*J#5D
(D*
S((0%3B*2&(9":)'/(6"13('$?(3&(&?:*D(0*("12"%5(:5*".(;5:1G%)'/(0%(($3&'$?*(((:*#6/((3&1)'((.&((2&.6*35((2&((6$135((.J$1((>*(
2&.3B*.
6"17*'&(*$2)')*D(\1:*'&1*$(41&$(0#61"$?35(65#G%:)'(3)(>"3U(H9)=&'&(2&(OL{(##(3$2($:G:(2&($61"$6&()%)'(2&($':)'(
0%3G:(&(41&)(.5J7*(0%3B*6)*(35(,$(#$*(.356$(3*%&,$(3)(,*$75U
Y1&6:$:/(,)*&:)'(9"#9$12$#&%:)')*(.&(:1$%.>"1#5(0%:1J)%($2&,51$:(154&:(3$1&(%&(3)1#5(15.)>'$1&$U
I%(6":"6(2&(>"3(?*U"7&'(.6)'9&15(,$')'(2&($:$3$:"1*(1)?*U(I%(."'2$:(3)(6G%:&3)'(.>G1:&3$:(*&.&(?",5*%2(2*%(%"1)'(
>*&19*%:&(2&(.)'>/(2$1(2*.6$1&(0%:1J"(,G',5(:$*&(2&(>'5351*U
+"'2$7*(2&=$1#$7*(=$3('$(65#G%:/()1'G%2(0%41"=*7*U(I%(.)>')(6):&1%*3(0*(0#615?:*&(0%.5(3$(6&(%*?:&(4)%"$*&(0%(
>)1:)%$(2&(>'5351*U(\

S((0%$*%:&D(((153%&?:&(((H9&1.:(((-*%^$/(((>53G%2)J%&(((.&#%(((3)()%*3)'(((.5)((91$7U
K&(31"*#(21)#(61*%:1&(.:G1,)1*(?*(15%*7*(3$1&(7*65/($')%&35#(6&(9)357*(2&(3$1%&(.>G1:&3$:5(?*(6&(15#5?*7&(2&(:1)6)1*U(
K&(3)'35#(3G:&,$(3'*6&('$(65#G%:(0%(.6$:&'&()%)*(#"1#$%(2&(3$2$,1&(6&.:&(3$1&(.&($2$)45(#&1&)($':&'&U(
7
S((0%$*%:&D(((=9*$15((3"#$%2$%7**((2&(3"#6$%*&(?*((2&(6'):"%U(m$2$1%*3((0%.5/((&?:*(((>53):(((:&13*(((2&(((0%2$:5(((3&(
:&(((1*2*3*U
H(3"%3&%:1$1&(*%31&2*9*'5($(>"3)')*(2&($1:*'&1*&(%&(B517)*&?:&(>515(0%3&:$1&/(6)',&1*=G%2(:":)'(0%(3$'&U(E$2)'(.51):5(
C5#G%:)'D(F*%(41"6*(?*(31$:&1&(>)#&4G%2&(.&(1*2*35($9)1*(":15,*:"1*/(41&7"?*U
E#&%.$(0%3B*."$1&(2&(6&(2&$'(&.:&('",*:5(0%3"%:*%))(2&("9)=&U(K)(?:*)(3G:(:*#6($#(.:$:(3)'3$:('G%45(."'2$:)'(3)(
)%*>"1#5(2&(3$#)>'$T/(6G%5(.5J#*(2$)(.&$#$(35(&(1).U(K&J$#(0%4B&.)*:()%)'(0%:1J$':)'/(,1G%2(.5(%&($256".:*#(2*%(
3$'&$(6'"**(2&("7&'(>*&19*%:&U(c(3$(?*(3)#(:"$:&(>"17&'&(!5)')*(.J$1(>*(2&='5%7)*:('$"'$':5/(0%:1J"(3"%,)'.*&(2&(
%&.:56G%*:U
A"$1$(2*%(,G1>)'(2&$')')*(2*.6$1&(01*:1J)%(%"1(2&(=56$25/(65#G%:(?*(>"3U(c.:&(6)1(?*(.*#6')(6)',&1*=$:5U(F)65(3&(
>"3)'($1:*'&1*&*(.&(2&6'$.&$=5/(%)(#$*(15#G%(0%(6*3*"$1&(2&3G:(3*%3*(B"1%)1*/(0%5'7G%2)J.&($3)=$:"1(35:1&(3&1U(A5(
)*:(.6&1*$:('$(1).l(#5(61*,&?:&(?*(&'(3)61*%.(2&(:&$#5U(c()%(9519$:(.3)%2(?*(_41$./(0#9153$:(3)("(#$%:$(#)':(61&$(
#$1&(6&%:1)(&'U(K&(=G#9*#(61)2&%:/(3)(.).6*3*)%&(?*(:&$#5U(K&(61"#*:&#(>515(,"19&h(PF$35(%J"(.5(0%3&13*(.5(#5(
)3*=*/(%J$#(.5J7*(>$3(%*3*()%(15)D_U
Y*#6(2&(3G:&,$(3'*6&/(.&($?:&1%&("('*%*?:&(3"6'&?*:"$1&/(3$(?*(3G%2(:)%)1*'&(.J$1(>*("61*:(.5(15.)>'&(0%$*%:&$()%)*(%")(
$:$3U(C&.:&(:":/(>'5351*'&(:1&#)15(0%:1J)1*(2$%.(.$:$%*3/(*$1(4&#&:&'&(?*()1'&:&'&(15%*7*'"1($T)%4(6G%5('$(%"*U(F&(
)%2&,$(*=9)3%&?:&()%(.)%&:(.:1*2&%:/(3$1&(.&($61"6*&(1$6*2/(07*(25(.&%=$7*$(35(15.3"'&?:&(65#G%:)'U(<&*(2*%(6'):"%)'(
N(.)%:(.6)'9&1$7*/('5.G%2(0%()1#5(2"$1("(#$.5(2&(3$1%&/("$.&(?*(.G%4&U(!G)'(>*&19&(3$($6$(2*%:1J)%
(D+
3&$*%*3U(C"T4B*7$(2&(4B&$75(.J$(.6$1:(2&#)':(0%(9)357*(3$1&(=$3(2&6$1:&(2&(#$'U(H(T)#5:$:&(2&(3"16(*&.&($'&14G%2(
2*%:1J)%(*$2(2&(>'5351*(45'9)*U(H$1&()%2&(*J"(>*(6$1:&$(2&(.).W
0%(2&#&%7$(2*%(T)1/($6$1*7*$($.:$(6$1&(2&J$(21&6:)'(3"#*35h(%*?:&(6$%:$'"%*(?*("(6&1&3B&(2&(9"3$%3*(3$1&(4"%&.3(
61*%(=56$25U
S(((F$:"1*:5(%&1,*'"1('"3"#":"1*/(&X6'*35(p)'*)./(3$1&('&(?:*&
0%:":2&$)%$((6&((:"$:&U
S((L1$$$G!1'2(,(!'%+!d,$*25!p,$)P>!*%:"%&$=5(C"1:$(3&1&#"%*"./(i(61*,*%2((6*3*"$1&'&((3$1&(($)((15#$.((0%:1J"(
9$':5((2&((.G%4&U
I%("9)=()1*$?(&X6'"2&$=5(0%(#*T'"3)'()%&*(3$.&($'9&/(6&(3$1&
.)>')'(("((251G#5((3)((:":)'U
c(.6)'9&1$:5(?*(3"#6$%*$(3$1&(.&($256".:*.&(0%(.6$:&'&(&*U((((/(Y"$:&(3$.&'&(2&(6&(.:1$25(.)%:(1&:&=$:&(2&('$(#*T'"3U(
F&"2$:5($6$1(2&(61&:):*%2&%*(3*,*'*(.35'2$7*(0%(.G%4&/($'&14G%2(%&9)%&?:&
?*((()1'G%2((2&(((.6$*#5U
I%(((0%:1&4(((6'):"%(((2&(((*%>$%:&1*?:*(((4&1#$V%*(((U.&((("61&?:&(((0%(#*T'"3)'(1)*%&'"1(?*(.&(B"'9&$=5(0%(T)1/(0%41"=*7*(
2&(3&&$(3&(,52U(((((U(+)%:(((#$*(((#)':(((#"17*((2&3G:((,**U
S(s.:$J*((%")'(('":((2&((@*&..&%D(((1&#$135((C"1:$U(Y$%3)1*(?*(.5%**(9'*%2$:&(.&(*,&.3(0%,5')*:&(0%(%"1*(2&(=56$25(2&(
6&(2&$')'(0%3B*."1**(?*(3"9"$15(6$%:&'&U(+&("61&.3(B)1)*%2(?*("6*%:*%2)J.&U((A)':&(2*%:1&(?&%*'&((.&((1)6U(
C1"*&3:*'&'&(,GTG*&(6&(2&$.)61$(%"$.:15(?*(&X6'"2&$=5()%2&,$(0%()1#5/($.&#&%&$()%"1(#$3*(((6)16)1**U(((F*%(
652)1&(((.&(($)2&(()%((,)*&:((31&.3G%2U((+)%:(:$%3)1*'&(%&#7&?:*(3$1&($)(.)61$,*&7)*:($:$3)')*U(\)(>".:(7*%):&(4$:$(2&(
$37*)%&U(Y1&3(6&('G%45(%"*(0%(>"1#$7*&(2&.>5?)1$:5(0%(3B*6(2&((.54&$:5U((F*%:1J"(41"$65(2&("9)=(?*(2*%:1J)%($256".:(
2*.:1).(6&(T)#5:$:&/()%(#5%)%3B*(2&(#*:1$'*&1&(:1$4&(0%(:":(3&(#*?35U(K*3*(#"17**(%)(.3$65U(<$2$,1&'&(=,G3%&.3/(
.:156)%.&(2&(4'"$%7&U
S(8*3B*2$7*J*D(1$4&(H9&1.:(-*%^$/($15:G%2(3)($):"#$:)'(0%
2*1&37*$(((#*:1$'*&1&'"1U
c3B*6$($1)%35:"$1&'"1(2&(>'5351*(.&(:G15?:&(61*%(=56$2$(15.3"'*:5U(F"*(*%?*($3"6&15()%(H9&14&>1&*:&1(3$1&(2)3&(0%(
.6$:&(U(&3B*6$#&%:)'(41&)U(H(>'$3515(.54&:&$=5(6"=*7*$(2&,$.:$:5U(+&(>($)2&()%(7*65:(2&(41"$=5U(+*')&:&'&(#*.:)*:&(
2&(>'5351*(.&()!615,5'&.3/(=,G13"'*%2)J.&U(C&.:&(&'&(3$2(T&:)1*(2&()'&*($61*%.U(F*%(:('"3$?)1*'&(2&(:1$4&1&(?*(2*%:1J)%(
9):"*(3)(6)'9&1&(3$1&($(&X6'"2$:(V(7G?%&.3(B$'3*(2&(3$1%&(?*(>G?**(2&()%*>"1#5U(G>G""""""""""A*:1$'*&1&'&($#)7&.3U
H9&14&>V1&*:&1)'(3)($1)%35:"1)'(2&(>'5351*(0?*(3$):5("(%")5
7*%:5U(ZG',5:$*$(3$2&(3$(>)'4&1)'(6&.:&()%($':(3)*9(2&(#*:1$'*&15U
<B*$1(?*(2)65(#"$1:&(1)?**(3"%:*%)5(.5(:1$45U(8*#9$(2&(>"3
LOv
.&(0%:"$13&U(!".:"4"'*%2)J.&(3$("(#*%4&(#)':*3"'"15/(65:1)%2&(0%(>*&3$1&(()%4B&1(($'((41"6**(((2&(("9)=U
H(2)B"$1&(41&7"$.5(2&(3$1%&($1.5(%&(*=9&?:&(3$()%(6)#%(0%3"12$:U(+*#:(35(0%3&6&(.5J#*(>*$195(.)2"$1&$(2&(6&(
3&$>5U(C):"$1&$(%&(0%:"$13&(.:"#$3)'(6&(2".U(C1&:):*%2&%*(0%(T)1($)=*#(9)9)*:)1*'&(:)%)1*'"1(2&(6&(:$%3U(F*%(3$1&'&(
2&(')6:5(0%(>'5351*(7G?%&.3(3*)6&13*(2&(>)#(0%&353*".U(C'):"%)'(%".:1)(0?*(31"*&?:&(0%3&:(21)#(0%$*%:&U(F)65(3&(
)135#("(9)%5(6$1:&(2*%(2&$'/(.51*#(6&.:&(.3B&'&:&(2&("7&'(3"%:"1.*"%$:&(?*($')%&35#(6&(15#5?*7&("#&%&?:*U(
C5#G%:)'(.&(3$.35(2*%(%")(0%:1J"(#$1&(2&(>'5351*U
S((PH14*'&(((')*(((+:$'*%_D(((.:1*45(((;$13&'"%$/(((1".:"4"'*%2)J.&(0%:1J"(41"$65(3$1&(0%35(#$*(>)#&45(0%()1#$(
&X6'"=*&*()%)*("9)=U(0%(((2&651:$1&/(()%((.)%&:((')4)91)((.&((61&.3B*#95((0%:1J)%((,)*&:(3*3'"%*3/(2)65(3$1&()1#&$=5(
>$=$($(:1&*$/(6&13):$1&$(?*(&X6'"=*$U(I%(=4"#":(#"%.:1)".(?*(#)':(#$*(6):&1%*3U(F*%(3G%2(0%(3G%2(.)%:&#(
0%41"6$7*(.)9(#"1#$%&(2&(=56$25U(8)6:5#(3)(2*.6&1$1&(.5((*&?*#((0%$*%:&((2&(($((%&((.)>"3$U
S((0%$*%:&D(((A*?3$7*J,5D(((+).D(((=9*$15((H9&1.:((-*%^$U
K&(:G1G#/($'&145#(?*(%&(.:1&3)15#(.61&(0%3B*."$1&$(3$1&(.&(0%$'75($#&%*%75:"$1&(0%(>$7$(%"$.:15U(K&(%56).:*#(
$.)61$(6"=*7**'"1(1).&?:*(2&($651$1&U
S(((F$7*J*(((6&.:&(((3$6D(((,*%&((("12*%)'U
0*(%*#*3*#(6&('"3U(])4*#(#$*(2&6$1:&(3)()%*>"1#&'&('&"$135(2&(.G%4&/(0%3&6&#(.5(2*.:*%4&#(2&:$'**($'&(3'52*1**(
0%3B*."1**U
<&1)'(0%:)%&3$:(.&(2&.3B*2&(?*($6$1(9"#9$12*&1&'&(2&(,G%5:"$1&/(.3)*6G%2(>'5351*(2*%(:)%)1*'&($):"#$:&($#6'$.$:&(
.)9($1*6*U(<5):5#(.5(%&($256".:*#(61*%:1&(1)*%&'&(#"1**U(K&(0%&35#(0%(%"1**(2&(>5*%5(?*(2&(:$1$:&U(\,&#(.&%=$7*$(
35(%*(.J$)("61*:(0%(4G:'&T(9)357*(#$1*(2&($')$:U
A5(0#6*&2*3(?*(3$2U(m51&.3()%(1).(3)(3$=#$)$(1*2*3$:5U(F&.3$13(0%(&'()%(0%:1&4(0%35135:"1U(+&(>1G%4&()1'G%2(?*(
3$2&(0%:1J)%(3$=$%(6'*%(3)(:&13*U(K)(.&(#$*(,&2&(2&3G:()%(3'"3":('$
.)61$>$75U
S((K)((6":D((K)(6":D((4&#&(8&):%$%:(-$..&(2*%(6'):"%)'(dU(Z"3&$(*(.&(0%&$35(0%('$31*#*/(0%("3B*($1&('*351&(2&(
%&9)%*&U(+)>')'(0'((*=9&?:&((2&(()%(6&1&:&(2&(9&:"%U((+&((:G15?:&(0%$6"*/(=9*&1G%2U
S((K)D(((K)D(((9"'9"1".&?:&(((&'U
0?*(0#6*%4&($):"#$:)'(0%$*%:&(?*(:1$4&(4'"%7(2)65(4'"%7(0%:1J)%(B"*:U()#>'$:(3$1&(&X6'"2&$=5/(2&4$TG%2(4$=&U
S(((c(.6&1*$:(2&(9"#9&D((#G1G*&(A*3)7)'/(:5951G%2(6&(&'(3)U(:"$:5(((6):&1&$U
S(((C"3%&?:&JLD((("12"%5(((;5:1G%)'U
A*3)7)'(0?*(0%3'&?:&$q5(6)#%)'(.5)(*#&%.(?*JL('",&?:&(6&(8&):%$%:(6&.:&(>$75(3)()%(6'&.%&:(.&3U(\3&.:$(.&(0%#"$*&(
?*(3$2&(3$()%(.$3(4"*U(I%(:$%3(CJO($6$1&(qU9)1G%2(61*%($&1(?*(.:1*,&?:&()%
(D9000000000HL?
3'".&:U(A$*(>$3&(3G:&,$(.$':)1*/($.&#&%&$()%&*(#*%4*(&%"1#&(2*%
3$)3*)3U
<"6$3**/(1)*%&'&/(=56$2$/(3B*$1(?*(1G)'(6$1(3)61*%.&(2&(>'5351*(0%('"3)'(0%(3$1&($)(35=):("9)=&'&(P"14*'"1(')*(+:$'*%_U(
8*#9$(2&(>"3(.51):5(3&1)'l(2&('$(4$'9&%(*%:&%.(:1&3&('$(,*"'&:(?*($6"*('$(1"?)($61*%.U(K&(*%,$2&$=5(2"4"$1&$/(
$.&#&%&$()%&*(65:)1*(0%3*%.&(3&_(3$2&(6&.:&(%"*(2*%(%"1**(,*%&7**U(<"%:&#6'5#(61*,&'*?:&$(>$.3*%$7*U(I%(:)%&:(
.:156)%4&(%"$6:&$(2&(*$1%5U
S(C)%&7*J,5('$($256".:D(%&(.:1*45(;5:1G%)'/(1".:"4"'*%2)J.&
>)'4&15:"1(0%:1J"((41"$65U
C&(:&1&%)'($33*2&%:$:($6$1&()%(41)6(2&(1)?*(.6&1*$7*/()1#$:(0%2&$61"$6&(2&()%(41)6(2&(%&#7*('$(>&'(2&(0%41"=*7*U(
\)=*#()%(?)*&1$:(.)12('$(#$1&(2*.:$%75(0%()1#$(%"$.:15U
S((c'&((.)%:D((()1'5((@1&4"1((:&1"1*=$:U
S((H9)=&((2&((Oe{U((E.).&/((.)%:((*%3&%2*$1&D
+$',$(3$2&(0%((#*T'"3)'(3&:&*(2&((1)?*(?*(2&(%&#7*(3$1&(>)4('$"'$':5(#G%3G%2(65#G%:)'U(Y1)6)1*'&('&(&X6'"2&$=5(
0%:1J)%(%"1(6)16)1*)(3&(.&($?:&1%&(2&$.)61$(%"$.:15(3$("(6'"$*&(2&$.5U(+$',$($.:$($1(>*(:1&9)*:(.5(3$25($3)#("(
T)#5:$:&(2&("15('$(2")5(.):&(2&(#&:1*(0%(>$75D((F$1(&$(.&(615,5'&?:&(&X$3:(0%(3$6)'(%".:1)/("#"1G%2((4&1#$%*(?*(
1)?*(0%(&4$'5((#5.)15U(K&J$)(61"#*.()%($T):"1(.).7*%):($'($1:*'&1*&*/()%(:*1(3"%3&%:1$:(3)#(%)(.J$(#$*(6"#&%*:(6G%5(
$3)#D(\,&$)(21&6:$:&D(K)(&X$4&1$.&15(2&'"3U(F$1(:*1)'($(2*.:1).(3&'(6)7*%("6:=&3*('$(.):5(2*%(>"17$(%"$.:15(2&($:$3/(
3$1&(($3)#((=$3&((0%((=56$25U
S(\1:*'&1*$((($*$(((9'&.:&#$:5(((%&((("#"$15D(((4&#&(((C"1:$/(0%3&13G%2(.5(.&($256".:&$.35(.)9(%*?:&(41*%=*(
3$19"%*=$:&U(<G:(21$3)V(.5(#5(#$*(#*3?"1&=(3$(.5J%3$6(,*)(.)9(#"1#$%)'(5.:$W(C1&:):*%2&%*(0%(T)1(7G?%&.3(>G?**(
2&(65#G%:/(=56$25(0%4B&7$:5/(6*&:1&/((:1)%3B*)1*((2&((3"6$3*((?*(9)357*(2&((#&:$'(3"%:"1.*"%$:U(+3B*T&'&(2&("7&'(
=9"$15(61*%(0%:)%&1*3/(2"9"1G%2(>515(0%3&:$1&("$#&%*U((;1$7&(?*(6*3*"$1&(.)%:(.#)'.&(?*($1)%3$:&(2&6$1:&(2&
:1)6)1*/((3$((%*?:&((4)%"$*&U
0%(3G:&,$(3'*6&/(0%:1&$4$(="%5(&($3"6&1*:5(2&(15#5?*7&($'&(3"16)1*'"1("#&%&?:*U(F*%(#51)%:$*&'&(.>G1:&3$:&(?*(2*%(
.G%4&'&
3$'2((.&((1*2*35(($9)1*U
S(K&(,G%&$=5(3B*$1($1:*'&1*$(%"$.:15/(.:1*45(2*.6&1$:()%(H9&1>&'2R&9&'/(4159*:(.5($T)%45(0%:1J)%($256".:U(H(
&X6'"=*&(0'(61"*&3:&$=5(0%.5(0%:1J)%(6&1&:&($61"$6&(1)*%$:/(3&(.&(.>51G#5(3$
"((3"$T5((2&(((")U
]".:)'(H9&1.:(.$1&(0%(6*3*"$1&/()1'G%2/(2$1(@1&4"1(0'(0%?>$35(?*JL(:1$4&(6&(T)#5:$:&(0%($256".:/(0%(3'*6$()1#5:"$1&/(
3$6)'(*(.&(2&.61*%2&(2&(:1)%3B*/(:5*$:(6$135(2&()%(3)7*:()1*$?U(+)161*%./(@1&4"1(*$(#G%$(2&(6&(&'U(Y1)6)'(2&3$6*:$:(
.:5(0%(6*3*"$1&(?*(2*%(4G:(0*(7G?%&?:&()%(?),"*(2&(.G%4&U(<$6)'/(3)("3B**('$14(2&.3B*?*/
LOV
LOn
.&(1".:"4"'&?:&(6&(=56$2$(95:5:"1*:5U(K&(>&1*#(2*%(3$'&$(.$U(1*2*3G%2)J%&($):"#$:(6*3*"$1&'&U(A*3)7)'/(3$1&(
#5%G%35("(1$75(0%4B&7$:5(0%?>53$:5(2*%(#G*%*'&()%)*(3"#*.$1(#"1:/(%)("9.&1,5(3$6)'(1".:"4"**%2)J.&(6G%5('$(
6*3*"$1&'&(')*U
S(E$(:&()*:5D(.:1*45(&'()')*:/()*:G%2(.5(#$*(#)?:&(2*%(>1*6:)15U(<&(:&(B"'9&=*($?$('$(#*%&/(61".:)'&W(F"$1(%)(&(,*%)(
#&$(35(7*J$*(6*&12):(3"16)'/(%)J*($?$W(<$15J:&(2&J$*3*D(#G1G*&(&'U(4&.:*3)'G%2(3)(#G%$(0%(3$1&(7*%&(9)3$:$(2&(
>1*6:)15(0%4B&7$:5U(Y1$4&()%(?):(0%(2&9'$(3$1&(=9"$15(3)(9"':5(2&$.)61$(65#G%:)')*U
I%(#$*"1(2*%(C$%=&1J@1&%$2*&1*(=9*$15(*.:&1*3/($#&%*%7G%2(35JL(:1*#*:&(6&(A*3)7)'(0%(>$7$(<)17**(A$17*$'&U(F$1/('$(
>"$1:&(.3)1:(:*#6/(2*.6$1&(0%:1J"(#$1&(2&(>'5351*(3$1&JL(#*.:)*&(3)(:":)'l(%)(15#G%&(2*%(&'(2&3G:(3$.3$/(9$'$%.G%2)J
.&(2&="'$%:(6&(=56$25U(8G%45(#*%&(=$3&()%(-$)6:#$%%(#$*(0%(,G1.:5(3$1&($(>".:(.>G1:&3$:(3"#6'&:U(C1*,&'*?:&$(
$#*%:&?:&(2&('$2$(2&(4)%"*($($9$:"1)')*h("$.&(1)6:&(?*(>G?**(2&(3$1%&U(]$7$(0*(&(.3B*#"%".*:5(2&(2)1&1&(?*(2&(41"$=5U(
!5=9"*)'(&(:51G#)'($4"%*&*/($'(%&1,*'"1(B517)*7*/($'(41"$=&*(?*($'(.6$*#&*/("(>G%:G%5($1:&=*$%5(2&(.G%4&/(3$1%&(?*(
"$.&(.:51G#$:&U(H$1&(3G%2("(.5J#*(,*%5(?*(#*&(1G%2)'(.5(>*)($1)%3$:(0%($&1W
]'5351*'&(7G?%&.3(2*%(65#G%:U(]1$4#&%:&(2&($1#&(.:15')3*:"$1&/(2&(3$.&/(2&($%*#$'&(?*(2&(:1)6)1*("#&%&?:*(3$2(3$(
"(6'"$*&($.)61$(6"=*7**'"1U(H(9)35:51*&(2&(3$#6$%*&(=9"$15(61*%($&1/(0#615?:**%2(.)65(?*(3$1:">*U(K&3B&=G%2/(3$**(
.&(2$)(6&.:&(3$6("(2$:5(3)g&$U(K&(*=9&?:&("(6$'5(2&(,G%:/($6"*(2&.')?*#()%(.)%&:($.3)7*:U(E%(.&3)%2$()1#5:"$1&/(
65#G%:)'(&(=4)2)*:(2&(%&%)#51$:&(&X6'"=**U(H(3"#6$%*&(2&(.5%**(#":"1*=$:&(&(61*%.5(0%(21)#(.61&(2&>*'&)(?*(
#G%T&?:&(3"$.:&'&($91)6:&(3)(.G%4&(?*("$.&(.>51G#$:&U(+5%**'&(3)(#":"1(%)(#$*(.)%:($3)#(2&3G:(%*?:&(#"1#$%&(2&(
>*&1(:)1:*:U
<"#$%2$%:)'(3"#6$%*&*($(OJ$($1&($#9&'&(6*3*"$1&(.#)'.&(2&(2&$.)61$(4&%)%3B*'"1U(+&(6159)?&?:&(3)()%(7*65:(
.>G?*&:"1U(+&$#5%5(3)("(656)?5(=21&%7)*:5U(K*#&%*(%)(.&(4159&?:&(.5JL($T):&U(+)%:(61&$(#)'7*(15%*7*(?*(#"17*/(?*(
."$1:$('"1(%)(%&(#$*(*#61&.*"%&$=5U
S((RG,./!!!!)-!!!!&',%,P!!!!.6)%&((((8&4*"%$1)'U((((\':&(((('5:)1*((((6&(#"1#$%)'((2&((4)%"*(($'((\1#$:&*U
H9&14&>1&*:&1(8$##(&('",*:(0%(3'*6$(0%(3$1&(#)?35(3)(6">:5(2*%:1J)%(3G1%$:(2&(Q&.:>$'*$U(<)("(61*,*1&(6*&12):5(?*(
)*#*:5/(3$2&('G%45(6&1&:&'&(:1$%?&&*U(H(9)3$:5(2&(?1$6%&'(*J$(>53):("(4$)15(#*35(0%(>1)%:&/(2*%(3$1&(.&(61&'*%4&()%(
>*1*3&'(.)97*1&(2&(.G%4&U
S((C&(:"7*(21$3**D(.:1*45(;$13&'"%$/($'(351)*(4G:(.G%4&1&$=5U
S(((c?:*(((15%*:D(((&X3'$#5(((.)161*%.(((A*3)7)'/((($6'&3G%2)J.&(2&$.)61$((')*D((E.).&(?*((A51*&/($((:1&3):(61*%((:*%&D(
K"1"3(35(%)
LOe
#G%35*((((3B*$1(((($:)%3*l((((4'"%7)'((((5'$(((3"#)%*.:((((7*J$1(((>*((((')$:(0#9)35:)1$((2*%((4)15D
S((I*:&(3&(.&J%:G#6'5(3G%2(%*?:&(4&%&1$'*(3)(#"%"3')(?*(1$?*(6&(3$6(:&(:1*#*:('$((')6:5/(1&#$135(C"1:$/(
9$%2$TG%2)J*(1$%$U(;5*&7**(2&(:&$6$('"1(.)%:(#G%$7*(2&()%(.*%4)1(4G%2h(.5('&($T)%45(%)#&'&(0%(3517*'&(2&(*.:"1*&U(E$1(
%"*/(4'"$:$/(:1$4&#(6"%"$.&'&/('5.G%2)J%&((0#6)?3$7*U
S((Z1&*(.5(>**(2).(0%(.6$:&'&(>1"%:)')*W(,*%&(,"3&$(;5:1G%)')*(2&(()%2&,$((2*%((3$65:)'((6"=*7*&*U
S((K)/(15#G%($*3*/(15.6)%2&(;$13&'"%$(B":51G:U(K)(,1&$)(.5(#5((2&.6$1:((2&((1&.:)'(((41)6)')*D
S((c?:*(.*4)1(3J"(.5(1&=*?:*W(0%:1&$95(%&0%31&=5:"1(;5:1G%)'/(3&13&:G%2("1*>*3*)'(2&(*%:1$1&($'(4'"%7)')*U((y*(.&(,52(
?*(:5'6*'&(61*%((4$)1$(($.:$U
S((!5#G%/(#)1#)15(0%35657G%$:(;$13&'"%$U(C1&.*#:(35(%J"(.5((,5(((#$*((,52((%*3*"2$:5/((2$35((6'&3(($3)#D
S((F)#%&=&)'(4&1#$%(0?*(9$:&(T"3(2&(%"*/(0*(&X6'*35(A*3)7)'()%)*((3$6"1$'(1).(3$1&($($T)%.('$(%"*(2*%(41&?&$'5U(
J-%$0-$,.$Q
S((N!$,!4-%$0-$'5!15.6)%2&(1).)'/(0%:*%=G%2)J*(A*3)7)')*(%*?:&(#$B"135/(3"%,*%.(35($3&.:$(0*(3&1).&("(7*4$15U(
A*3)7)'("($33&6:5(?*J*(((2$(((1).)')*((("(((0%4B*7*:)15(((2*%(((.:*3'$(((.$(((2&((($65U
S((\1(((>*(((:1&9)*:(((.5(((%&(((0%:G'%*#(((6&(((!&&6&19$B%/(((.6)%&(A*3)7)'/(3)()%(=G#9&:('$14U(K&J$#(>*(2*.:1$:(
.:1$?%*3(0#61&)%5U(y*J$?(>*(>53):(1".:(2&(3G:&,$(>&:*7&(*&>:*%&(2*%(-$#9)14(?*/(61*%:1&(6*35:)1*/(%&J$#(>*("3)6$:V(?*(
2&(<"#*.$1)'(K$..U(A$1&(653$:(.5(%&(0%:G'%*#(:"3#$*(6&(:*#6(2&(15=9"*U(A$*($'&.($*3*/()%2&(6"7*(>*(0#6)?3$:((2&(
6$:1)=&3*((2&(("1*((6&((.&3)%25D
S((N$,!4-%$0-$'5!!!1G%T&?:&(1).)'/(:G#6U((+3"$:&("(>":"41$>*&(2*%(:)%*35U(N,<,./-5!&X6'*35(&'/(.51):G%2(BG1:*$(
.'*%"$.5(?*(9"7*:5U
S((EJ$1((.:$((>"$1:&((9*%&(6&(()%(3&$1?$>D(($61&3*$=5((A*3)7)'/(1G=G%2(B"7&?:&U(+6&1(3$(0%(.$:)'(,".:1)(%J$7*(
0%3$1:*1)*:(#$*#)7"*(2*%(5*$(4$'9&%*U(+&(.6)%&(35($>)1*.*7**(2&(#"%4"'*(1&4)'&$=5($:G:(2&(1&6&2&/(0%3G:(6G%5(?*(6&(
*&6)1*(0*($6)35($#&7&$'$(61*,*%2)J*D
S((N$,!4-%$0-$'P!1&6&:5((1).)'((6)%G%2(>":"41$>*$(0%$6"*(0%(9)=)%$1U(((?,(%'-$-5!!+-.=$+-%$-"!!!+&(1*2*35(91).3(?*(
25(#G%$(3)(:"$:5((')#&$U
0'(($T):5#(.5(.$15(6&.:&(9)=$(:1$%?&&*U((0%$*%:&(.5JL(6*&12&#(2*%(("3B*/((.&((0%:"$13&((?*(((%&((>$3&((3)(((#G%$U
S((<1&2&7*(((3J"(((.J$T)%45(((3)(((9*%&W
S((H1(.GJL(0#6)?:&/(.6)%&(C"1:$(3)(3"%,*%4&1&U(\(.3B*#9$:(2")5(((,"19&(((3)(((%"*/(((3$6*:$'*?:**/(((*$1((($.:$(((.&(
%)#&?:&(((0%$':5(:152$1&D
S((\1(>*(:1&9)*:(.5(*JL(25#(61*="%*&1(6&(61">&."1U(\?$(%J$1(#$*(>*($,):(61"9'&#&/(.6)%&(A*3)7)'U(`*J$#(>*(.356$:(?*(
%"*(2&
1$B$:)'(5.:$(.#*"135*:U(c($:G:(2&(0%415#52*:(0%3G:(%)J?*(45.&?:&(4$)1$(3)1)')*(%*3*(3)($#9&'&(#G*%*D
ZG%:)'(((1&3&((.J$(((:1$%.>"1#$:(((0%:1J)%(((,*.3"'(((0%,&1?)%$:U
;)357*(2&(=56$25(0%4B&7$:5(#5:)15(65#G%:)'(=4G'7G*:(2:(>1*4)1*U(Y1"*&%&'&()%2)*&.3($.&#&%&$(,$')1*'"1(6&(#$1&$(
9G%:)*:5(2&(>)1:)%5/(0%41"6G%2(:$%3)1*/(:)%)1*/(3$*(?*(."'2$7*/(*%2*>&1&%:(2&(3$1&(6$1:&(.)%:U
Y*1)'()3*45:"1(3"%:*%)5(?*(#)'7*(3$*(.&(0#6":#"'&.3(0%(=56$25U(<1$,$?&'&(0*(?>*3B*)*&.3/(2$1($%*#$'&'&(.&($>)%25(?*(
#$*($2G%3U(VK&3B&=$:)'('"1(2*.6&1$:(.&(2*.:*%4&(61*%:1&(9)9)*:)1*'&(61"*&3:*'&'"1U
C":&3*'&($)(2*.651):(.)9(:1"*&%&/(0%3&135#(.5('&(2&'*#*:5#(2*%(%")(?*(0%>*4&#(0%(=56$25(%*?:&(9&7&(')%4*/('&4$:&(
0%:1&(&'&(3)(.>"$15U
K&(31"*#(21)#(0%$*%:&/(:G1G%2)J%&(6*3*"$1&'&l(#)'7*(2*%:1&($*(%"?:1*(15#G%(0%()1#5/(6159)?*7*(0%(=56$25U(@&1)'(0*(
)3*2&(>"$1:&(1&6&2&U(F&=$.:1)'(&(3"#6'&:U(;*%&0%7&'&./($1:*'&1*$($(>53):(:1&$9$(9)%5(S(%&J$(#53&'51*:(6&(%"*D
I%(3"'"%&'(1).(.&($61"6*&($'&14G%2(61*%(%5#&7*/(3)(6"$'&'&(#$%:$'&*(>'):)1G%2U(@"%&?:&(3$()%(%&9)%/(3"%,*%.(35(
:"$:5(')#&$(,1&$(.5JL("#"$1&U(+&(0#6*&2*35(?*(.&(1".:"4"'&?:&U
S(W2,(0-%.[$P!W2,(0-%.[$P!.:1*45(&'(0%(4)1$(#$1&U(c(0%4B*7*:(2&("(:1"#95(2&(>'5351*(3&(7G?%&?:&(2*%(65#G%:(.)9(
>"1#$()%&*(3*)6&13*(*#&%.&U
;$1$T)'(.&(615,5'&?:&(3$()%(3","1(2&("7&'U(Y1$4&(>*&3$1&(9$:&1*&U(<&&$(3&(.J$(0%:G#6'$:(6G%5($3)#($(>".:("(.*#6'5(
T"$35/(0%(3"#6$1$7*&(3)(.$',&'&(3&(3$2($3)#(6&.:&(%"*U
`$.&(3$*(,*%(,$'J,G1:&T(61*%(=56$2$(0%4B&7$:5/(:154G%2(2)65(&*()%(:)%(2&(3G#6(2&(L{{(##U(Y1&*(:)%$1*(0*(7*%(2&(
B57)1*/(0%%&9)%*7*(2&(.6$*#5U(I%)*$(2*%:1&(&*(0*($')%&35(#G%$(?*(&(.:1*,*:(.)9(1"7*'&(#$.*,&($'&($>&:)')*(2&(:)%U(
y&$,$(:)%)')*(.&(9$'$%.&$=5(0%(.).(?*(0%(T".(3$("(T)351*&U
I%(.)9">*7&1(2&('$($61",*=*"%$1&(&('",*:(2&()%(1*3"?&)(?*(.&(615,5'&?:&(2&(6&(3$'U(C*3*"1)'(*(.&($4$75(0%(.3$15U(<)()%(
6'&.%&:($.3)7*:/(3$6)'(*(.&(.>51G#5(2&("(6*$:15U
Y1&*(CJN(,*%(3)(>$1)1*'&($61*%.&(2*%(2*1&37*$(.$:)')*(2*.:1).U(C1*#)'(:$%3(.&(15.)3&?:&(91).3(6&(4B&$75/($')%&35(
0%$6"*(6&J"(6$1:&(?*(.&(1".:"4"'&?:&(6&("(6$%:5($91)6:5U(F*%(:)1&'5(7G?%&?:&(>'$351$()%&*(&X6'"=**U(+&(1*2*35()%(>)#(
%&41)/(0%&3G3*".U(I%($':(CJN(2&1$6&$=5U(<"#$%2$%:)'(0%3&$135(.5(*$.5(61*%(:1$6$(:)1&'&*/(2$1($3&$.:$(.&(:1G%:&?:&(
91).3/(.:1*,*%2)J*(?"'2)1*'&U(\6"*(:$%3)'(.&(15.:"$1%5/(:&13*)*%2)JL(3"#6'&:U
I%(41)6(2&(*%>$%:&1*?:*(4&1#$%*(%&0%$1#$7*(3"9"$15(6&("(6$%:5/(0#9"'2*7*(2&("(.*%4)15(2"1*%75h(.5(.3$6&/(.J"(
$6)3&
(*)
#
0%3":1"(,52(3)("3B**U(+5(6"$:5(*&?*(#53$1(2*%($3&.:(*%>&1%(2&
>'5351*((?*((()1'&:&/((3&((6$1&((.5((.&((0%$'7&((6G%5((('$((3&1UU
I%(((f**9&'(((3)((()%(((.:&$4(((2*,*=*"%$'(((>1G%&$=5(((6&(((=56$2$(0%4B&7$:5(?*(0%3&6&(.5(6$:*%&=&U(c(2&(#*1$1&(35(%)(
.&(*=9&?:&(2&
:$%3)1*'&((2*.:1).&U
I%(H9&1.:'&):%$%:(3)(&6"'&7**(1"?**($*(+:$:)')*JA$T"1(.$1&(2*%
f**9&'((3)(($):"#$:)'((61&45:*:U
S((0%$6"*/((T$,1&((('$?&(((3&((.)%:&7*D(((1$4&((&'/(($#&%*%7G%2((3)(6)#%)'()%(8&):%$%:(3)()%*>"1#$(65:$:5(2&(.G%4&/(
0%$6"*('$(6"=*7**'&((,"$.:1&/(((2&=&1:"1*((0#6)7*7*D(((0?*((1*2*35(($1#$((?*((:1$4&(3G:&,$(((1$>$'&((9*%&((2*1&37*"%$'&((0%(
."'2$7**((3$1&((.&((0%4B&.)*&/(6515.*%2((3)'#*'&((3)61*%.&((2&((>'5351*U
S((H#"1G7*JL((((6&((((%&%"1"3*:)'(((5.:$D((((=9*$15(((>)1*".(((()%(]&'2R&9&'/(0%3&13G%2(.5J*(.#)'45(
H9&1.:'&):%$%:)')*($1#$(2*%(#G%5U(0%:G*(%&(#$.$31&$=5(3)(:)%)1*'&(%"$.:1&(?*(6&()1#5(,"1(.5(%&((3".&$.35(((3)(
$):"#$:&'&D
S((0%4B*7*J:&J$1(*$2)'/("9.&2$:(2&(15=9"*(3&(&?:*D(0*(.:1*45()%(I%:&1">>*=*&1(2*%(p54&1./(.6)#&4G%2(2&(>)1*&U(+&(
$1)%35($.)61$(H9&1.:'&):%$%:)')*/((0'(($6)35((2&U(9&1&4$:5((?*JL((.)41)#5U
`">&1)'(f**9&')')*(0%?>$35()%($):"#$:(?*(:1*#*:&()%(.%"6(2&(4'"$%7&(0%(3&$:$(2&(."'2$7*(:)19$7*(2&(>)1*&/(3$1&(
.:1*,&.3(0%(6*3*"$1&(:1)6)'(H9&1.:'&):%$%:)')*U
S((Y*35'"?*($>)1*.*7*/(7*65(&'(#G%*"./($1)%3G%2("(41&%$25(0%
#*T'"3)'((4'"$:&*U
@G>G*%2/(1&)?&?:&(.5(:G1$.35('&?)'('G%45(#$?*%5(?*($=,G1'&(6&.:&(&'("(#$%:$U(+:1*45($#&%*%75:"1(.61&(#)'7*#&$(2&(
."'2$7*
6)?*((6&((>)45h
S((KJ$,&7*(2&3G:(.5(#)1*7*(3$(%a?:&(1$B$7*(3&(.)%:&7*D(153%&?:&(&'(2*.6&1$:/(3)(,"3&$(0%&3$:5(0%('$31*#*U(K*3*(%)(
#&1*:$7*($':3&,$U(+3)1.)1$((\1#$:&*/((($.:$((.)%:&7*D
+&()135('$(,"'$%(?*(6"1%&?:&(0%(,*:&=5/('5.G%2(0%()1#5()%(%"1
2&((=56$25((.6)'9&1$:5U
!)?**(%&(0#61"$?35(2*%(%")(3)(>"3U(!$3B&:&'&(3$2(?)*&1G%2($.)61$(:1)6&'"1(>)4$1&(?*(.>G1:&35("$#&%*V?*(
&3B*6$#&%:U(!$3B&:&(3)(3"=*(')%4*(2&(>"3(7G?%&.3(6&(3&1/(.$',5(2)65(.$',5U
S((PH14*'&(')*(+:$'*%_/(4&#&(@1&4"1/('*6*%2)J.&(?*(#$*(:$1&(2&(65#G%:U(F")5(:$%3)1*(YJdN(,*%(6&("(6":&35(0%4).:5/(
.:1*,*%2(.)9(?&%*'&(#"1#$%&'&(2&(3$2$,1&(?*(0#61"?3G%2(0%(:"$:&(2*1&37**'&(.G%4&/((3$1%&((?*(((3*":)1*((2&(("$.&U
S((Y$%3)1*($1)%35:"$1&(2&(>'5351*D(153%&?:&(>)1*".(;$13&'"%$/(3$1&((.&((4B&#)*&?:&((0%((.6$:&'&(()%&*((.:G%3*((0%$':&U
\'9&1:($'&$145(0%(3&13/(3G):G%2)J?*(2*.6&1$:()%($256".:(2*%(3$'&$((:$%3)1*'"1((3$1&((.&(($61"61*&((,&1:*4*%".U
S((H(41"$65D(Z1&$)("(41"$65D()1'5(&'/(7"65*%2(3$()%(*&6)1&
15%*:U
LdL
S((Z*%"($*3*D(0*(.:1*45(C"1:$(".6*:$'*&1U(H(.5JE(.3"$:&#($>$15(6&((61">&."1((3$((.5((0%3$6*((:)D
\'9&1:((.&(($1)%35((0%((41"$6$((2&(("9)=((3)(((3$6)'((0%$*%:&U(i(S(E.).&(-1*.:"$.&D(.31G?%&?:&(&'(3)("(,"3&(
0%.65*#G%:$:5U(\.:$(%)J*()%('"3(6&%:1)("$#&%*D(K*3*(6&%:1)($'9*/(%*3*(6&%:1)(%&41*D
S((K)(#$*(>$3&(6&(41"=$,)'/(0'(#"1$'*=&$=5(A*3)7)'/(1G%T*%2(3)(:"$:5(4)1$U(!$.$()#$%5(0%3&6&(2&('$(41$2)'(
2&('"3":&%&%:U(!&.:)'(((.)%:((($65(((2&((6'"$*&D(((`*(((0%(((5?:*$(((*%:15#(((?*(((%"*D
S((K*3*"2$:5((((%)((((#J$(((($:1$.((((.&1,*3*)'((((2&(((3$#6$%*&(((('$(*%>$%:&1*&/(1&3)%"$?:&(\'9&1:/($1)%3G%2)J?*(
3G:J3"'"(#$.3$($'95(6&%:1)(((=56$25U(((K)(((%&J$)(((0%,57$:(((%*#*3(((2*%(((3&J*(((6&J$*3*((('$(+&%%&'$4&1(?*('$(
@1$>&%R"B1D(+31G?%&?:&(2*%(2*%7*($:G:(2&(:$1&(0%3G:(($61"$6&((35J?*((.31G%:&?:&((>$'3$U
S((K)J*(((61&$(((2*.:1$3:*,5(((,*$7$(((6&(((>1"%:D(((.6)%&(((A*3)7)'(#&'$%3"'*3U(((+&((($6'&$35(((1$6*2/(((0%(((3'*6$(
0%(((3$1&((("(((41&%$25(\:&1*=&$=5(6&(#$14*%&$(41"6**(?*(:1*#*:&("(6'"$*&(2&(.3B*T&(0%(:"$:&((2*1&37**'&U
<B*$1(?*(61*%(#)4&:)'(:)%)1*'"1(6):&#(2*.:*%4&(=4"#":)'(:$%3)1*'"1(3$1&(.&($61"6*&(:1&6:$:U
S((\,&#(((%&,"*&((2&((.61*T*%)'(($1:*'&1*&*U(((F$35((%)/(("((.$((%&(:1&=*#((0%(((91$7&'&((')*((+3$1$"73B*D((.6)%&(
;5:1G%)'/((0%((:*#6((3&(0#6*%4&(3$2$,1)'(">*7&1)')*(2&(:1$%.#*.*)%*(2&('G%45(:&'&>"%(?*J?*(6)%&(((35?:*'&((('$(
)1&3B*U
S((<"2)'/(>*1J$1(.5(>*&D(9"#95%&(;5:1G%)'(%&1,"./(15.>"*%2(#$6$((3)(((#&.$T&U
S((\*3*D(((.6)%&(((-&*2&/((0%:*%=G%2)J*((3$1%&:)'((3)((3"2)1*U
S((+61*T*%)'(($1:*'&1*&*D((("12"%5(((;5:1G%)'(($.61)/((6&(()%((:"%(6"1)%3*:"1U
S((<*%&(.)%:&7*W(0%:1&$95("(,"3&($1"4$%:5(2&(">*7&1(.)6&1*"1U
S((P\*3*((+$'$#$%21$D_(15.6)%2&(;5:1G%)'(?*(.3)*65(3G:&,$("12*%&((.3)1:&((0%(($6$1$:/(((0%2$:5/(("9)=&'&(i(
,)*&.3((6&((2&$.)61$(3$6&:&'"1((%"$.:1&/(($6"*(((3$2((3$(("((41*%2*%5((6&((3)'#&U
<)((("12*%&(((61&3*.&/U/(;5:1G%)'(((3"1&3:&$=5(((:*1)'U
-&*2&(')31&$=5(>&91*'h(2&.&%&$=5('*%**(6&(B$1:5(?*(3$'3)'&$=5(2*.:$%7&'&(3)($T):"1)'(*%.:1)#&%:&'"1(
:"6"41$>*3&U
cX6'"=**'&("9)=&'"1(15.3"'&.3(=56$2$(?*(0#61"$?35("7&'(0%(:"$:&(2*1&37**'&U(+&($61"6*&(2&('"3)'(0%(3$1&(.)%:(
$#6'$.$:&(P"14*'&(')*(+:$'*%_U
S((YJdN/(>*1J$1(.5(>*&D(7*65(C"1:$($4*:$:U(F*.:1)4&7*J'&(*#&2*$:/($':>&'(("((.J"((657*#(((%"*D
<&'(6)7*%()%(9$:$'*"%(2&(:$%3)1*($1)%35:"$1&(2&(>'5351*(*%:15(0%(3)19&(3$("(:)1#5(2&(6"13*(#*.:1&7*U(F*%(
:)1&'&'&('"1(7G?%&.3('*#9*(')%4*(2&(>"3(3&(61&.3B*#95(:":)'(0%(#"1#$%&(2&(3&%)?5U
LdO
F*%(0%3B*."$1&$(H@CI(%5,5'&.3(."'2$7*($*(\1#$:&*(!"?**/(3B*)*%2(.5'9$:*3U(8$(0%3&6):/(6'):"$%&'&(3)(
$1#$#&%:()?"1/($6"*(*%>$%:&1*$/(0%$1#$:5(3)(6)?:*(3)(9$*"%&:5(3$('$("(6$1$25(2*%(C*$7$(!"?*&U(F)65(
*%>$%:&1*&/(,*%(3"'"$%&(0%:1&4*(2&(61*="%*&1*(0%()%*>"1#&(3&%)?**/(3)(9G:&/(3$1&/(6&(#5.)15(3&(0%$*%:&$=5/(
0%?>$35($1#&'&(#"17*'"1U(I':*#&'&/($6$1(:1)6&'&(.6&3*$'&(H@CIU(3)(f$'$?%*^",)1*'&($7*%:*:&(.61&(61*="%*&1*/(
0%.513*%$:&(.5J*('*3B*2&=&(6&(:"7*($3&*$(3$1&(0%3&$135(.5(&,$2&=&U
S((F)#%&=&)'&(#$1&D(.:1*45(H9&1.:'&):%$%:(8"R&U(H1(.5(%&(2*.:1)45/(("1((.5((%&((>$35((>51G#&D(((Y1&9)*&((.5(
%&((1&:1$4&#D
0%(((.6$:&'&((%".:1)((3$2&(()%(((9$1$T((3)#6'*:((2&((>"3U
<$(?*(3)#(1)?**($1(>*(*%:)*:(35(,1&#(.J"(?:&14&#/(0%3&$135(.5(%&("61&$.35(3)($3&.:(9$1$T(*#6".*9*'(2&(.:156)%./(
3$1&(%&J$(0%3$21$:(6&($#9&'&('$:)1*(?*(%)(,&2&#()%2&(.&(:&1#*%5U
S((!&:1$4&1&$D(.:1*45(H9&1.:(-*%^$U(!&:1$4&1&$(6&(3"#6$%**D(+&(0%:"$13&()*#*:(0%(3'*6$(0%(3$1&($)2&(
B)1)*:)'($.)1=*:"1(2*%
.6$:&'&((%".:1)/((2*%((2*1&37*$((('*%**'"1((4&1#$%&U
S((!$3B&:&D(153%&?:&(&'(.)161*%./(:1G%:*%2)J.&(2)65()%(:1"*$%(2&(((=56$25U(((!$3B&:&'&(((3$2(((0%(((#*T'"3)'(
>"1#$7*)%**((:$%3)1*'"1($1)%35:"$1&((2&((>'5351*/(($=,G1'*%2(,&B*3)'&'&((41&'&((3$((6&(%*?:&
T)351**U
F*.:$%:(?*(.:56G%/(6&(.*%&/(;5:1G%)'V(0*(:1$%.#*:&(%"*'&(3""12"%$:&(">*7&1)')*(.)6&1*"1(2&($1:*'&1*&(2*%(.6$:&'&(
>1"%:)')*U
S((<)(2")5(41$2&(#$*(T".D("12"%5(&'U(Y*1(#$*(')%4(3)(?$*=&3*
2&((#&:1*D
S((+:G16*7*J*D(((3B*)*&((;$13&'"%$((.5'9$:*3U
F*%(:$%3)1*(7G?%&.3(>'5351*/($#&.:&3$:&(3)(9)357*(2&(#&:$'U(F&$.)61$(65#G%:)')*(6'):&.3(%"1*(%&41*/(915=2$7*(
2&(2)%4*(1"?*&:*3&U(<G#6)'(2&(')6:5(6$1&(0%4B*7*:(2&(&X6'"=**U
F*%(6&12&$)$(2&(>)#(.&(2&.61*%2(.*')&:&(#$1*/(2*>"1#&/(2&(6$135(2*$,"')'($1(T"%4'$(3)(:$%3)1*'&/(0%(>*&3$1&(
3'*65/()1'&:)'(.*%*.:1)($'(&X6'"=**'"1(%&(.>G?*&(%&1,**U(K&($2)%5#('$"'$':5/
:1&#)1G%2U
S((cX6'"=*,&((?*((9"#9&((*%3&%2*$1&D((("12"%5((;5:1G%)'U(((]"3(3"%:*%))(('$((6$:1)(((.):&((?$*=&3*((2&((#&:1*(
21&$6:$U
0%(3)1G%2/($.)61$(>"17&'"1(1).&?:*(0%($:$3(0%3&6(.5(3$25(&X6'"=*,&(?*("9)=&(*%3&%2*$1&U(+)9.:$%7&'&(3B*#*3&(.&(
15.6G%2&.3(61&:):*%2&%*(?*($&1)'(&(3$("(,G',5:$*&U
SJY1&*=&3*((2&((#&:1*((0%$6"*D((("12"%5((3$'#(((;5:1G%)'U
+)>')D(&X6'"=**'"1(%&(*=9&?:&(2&(6&1&7**(0%=56&=*7*($*(41"6*'"1(2&("9)=U(Y&1&%)'(2*%(>$7$(%"$.:15($(2&,&%*:("(
#$.5($1=G%25/(":15,*:"$1&U(m56$2$(.&(:"6&?:&($')%&3G%2(6&(6$%:5/(0%4B*7*%2(:":(3&(0%:G'%&?:&(0%(3$'&U
Y*1)'(2&($1:*'&1*&(.&(3"%3&%:1&$=5(:1&6:$:/(&,*2&%:(2*1*T$:(2&
35:1&(()%((&X6&1:U
Ldd
S((<*%&(&(3&13&:$?)'W(,*%&("(,"3&($.615U(K)#&'&(;$!41$2)'/(')$J:&J$1((%$*9$D(((Y)((&?:*U(((c9&1B$12:W(\#(
$)=*:((35((($*(((#)1*:D(A$4*.:1)'(((c9&1B$12:/((#$4*.:1$'D
<)(:"$:&(35($(1&3)%".3):(,"3&$(:5*"$.5($(4&%&1$J')')*J3"#$%2$%:U(;5:1G%)'(%)(15.6)%2&/(3*(3"%:*%)5(.5(2&$(
"12*%&U
C'"$*$(2&("9)=&()1#51&?:&(>515(0%3&:$1&(9$:$'*"$%&'&(*%$#*3&(0%(1&:1$4&1&U(m,!2*.:1)4&(>515(#*'$U
S((<""12"%$:&((%"*/((3&1&(((;5:1G%)'U
S((C">:*#/(.6)%&(-&*2&/(3)()%(1G%T&:(.$2*3U(+6*1*:)'(.5)(2&(#*'*:$1(.$2&$(&(6&(2&6'*%(.$:*.>53):(2&(1&=)':$:&'&(
.G%4&1"$.&($'&(>"3)')*(((2&(($1:*'&1*&((9*%&((2*1&37*"%$'U
Y)%)1*'&(0?*(&X:*%2($6"*(1$=$(2&($37*)%&(?*($%*B*'&$=5(P"14*'&(')*(+:$'*%_U
\#&.:&3G%2)J.&(61*%:1&(15#5?*7&'&(#53&')')*/(.)61$,*&7)*:"1**(1&4*#&%:)')*($:$35(0%(3"%:*%)$1&/(3"%2)?*(2&(
-*%^$/(H9&1.:)'(3)()%(.*%4)1(91$7U(A*:1$'*&1&'&(41&'&(A$X*#(:1$4(2&(6&(6"=*7**'&(1)*%$:&U
S((@1)6)'(((2&(((:1$%.#*.*"%*?:*/(((6&(((3&%:1)D(((=9*$15(((H9&1.:(-*%^$U(((0%$*%:&/(((.61&((=*2)1*'&(((0%3B*."1**D
K"1**(2&(>)#(4$'9&%J3&%)?**($*(&X6'"=*,&'"1(6'):&.3(2&$.)61$(&*(3$("()#91&'5(B*2"$.5/(3$1&(.&(#51&?:&(3'*65(
2&(3'*65U
0%($61"6*&1&/($)2(9)9)*:)1$(:)%)')*(2&(6&(:$%3U(I%2&,$(0%(.6$:&'&(#&)/("(6)?35J#*:1$'*&15()#6'&(=56$2$(3)(
4'"$%7&U
S((C$%=&1D(((.:1*4/(($1)%3G%2)J#5((0%(($256".:U
;)1:$(:$%3)')*(0%3$'&35()%(6&1&:&($61"$6&(2&#"'$:/(.:5(0%(9$'$%.(3G:&,$(.&3)%2&/($6"*(/.&('&$45%5(0%$*%:&(?*(
0%$6"*(3)()%(.31G?%&:(#&:$'*3U(A":"1)'(,*91&$=5('$(:)1$7*&(#$X*#5U
Y)1&'$(.&(15.)3&?:&('&%:(0%(2*1&37*$(#&$U(I%(T&:(2&(>'5351*(7G?%&?:&(2*%(7&$,$(')%45($(:$%3)')*U(Y1$4&1&$/(
*#6$3:)'(?*(&X6'"=*$(.&(61"2)3($61"$6&(.*#)':$%U
\#(.&%=$7*$(35(#*J$(:1&3):()%(21)4(2&(>*&1(2*%:1J"()1&3B&(0%($':$U(C"1:$(.&(.:1&3"$15('G%45(#*%&U(\1)%35:"1)'(
2&(41&%$2&(0*(.3$65(2*%(#G%5(?*($')%&35(6&(65#G%:)'(0%4B&7$:U(C1*,&.3(B*6%":*=$:(:)%)'(2&(6&(:$%3)'(P+:$'*%_/(
3$1&(3"9"$15(0%3&:(.61&(#*%&U
S((<B*$1((('$(((:*#6/(((#"1#5*&(((C"1:$(((0%?>53G%2(((P9)1'$%)'_/(6":1*,*%2)JL(6&()#51(?*(61*%=G%2(:$%3)'(0%(
35:$1&U(;)3)1GJ:&(2&(,*$75/(,&3*%&(21$45/(.J$1(6):&$(.5(>*&(.3)1:5/(1G%T&?:&(&'(3*%*3(?*($6$.5(6&((:154$3*U
I1#&$=5("(&X6'"=*&($.)1=*:"$1&(?*(.:&$)$(1"?*&(2&(6&(:)1&'5(2*.6$1&U(H(.*')&:5("#&%&$.35/(0%,5')*:5(0%(>'5351*(
45'9)*/(&($1)%3$:5(61*%(:1$65U
S((c1$(((3G:((6&J$3*UUUD(((3"%.:$:(((&)/(((1G.)>'G%2((()?)1$:U
LdN
F")5(YJdN(.&($256".:&.3(0%(.6$:&'&()%"1(1)*%&U(A*:1$'*&1&'&(2*%(:)1&'5(#5:)15(21)#)'U(@'"$%7&'&(1*3"?&$=5(
2&$.)61$
3$6&:&'"1((%"$.:1&U
S(F)#%&=&)(#*J$(.6).(35(%)(,"#(#)1*($*3*/(.:1*45(C"1:$/(1*2*3G%2)J.&(0%(6*3*"$1&(3)(P9)1'$%)'_(6&()#51U
A*3)7)'(.&(1&6&2&(3)("(#*%5(Y(0%(#G%5/($')%&35(?*(3$2&(0%.5/(3$()%(9"'",$%/(0%(#*T'"3)'(21)#)')*/($61"$6&(
2&(:$%3U(I1'G%2(2&(>)1*&(?*(2&(:&$#5/(7*%&(.:1G%.(#*%$/(2$1(0?*(6*&12&(3$.3$(?*
$):"#$:)'U
+&(1*2*35(3)()%(.$':(.6&3:$3)'"./($1)%35(#*%$(Y(.)9(*%&')'(:)1&'&*(?*(:1$6$()':*#)')*(:$%3(.&(2&.3B*2&(91).3U(
\6$1&("(.*')&:5(0%,&?#G%:$:5(0%(6*&'&/(3)(f$'$?%*^",)'(61&45:*:U
@'"$%7&'&(#)?35(=56$2$(*%(T)1)'(A*3)7)')*D(])4&(.6&1*$:(2&(#"$1:&(.61&(1)*%&'&(3)61*%.&(2&(>"3/(0%3&13G%2(
.5(.&
$256".:&$.35U
S((8",*J*J$1(((#"$1:&$/(((5?:*$(((:1$4/(((%)(((.&J%3)13GD(((153%&?:&(\'9&1:/($'&14G%2(0%(.$':)1*(61*%(=56$25/(3)()%(
P3"3:&*'(A"'":",_
0%((#G%5U
+&()135(6&(YJdN(3)($4*'*:$:&$()%&*(>&'*%&(?*($1)%35(P3"3:&*')'_(0%(*%:&1*"1)'(:$%3)')*/(3B*$1(0%(.6$:&'&(
3"#$%2$%:)')*U(!).)'(.&(0%:"$13&(?*(.&(B"'9&$=5()*#*:('$(:15.5:)1*'&(%&41&($'&(')*(\'9&1:/('$(2*%7**(.5*($'9*(
2&=,&'*7*(0%:1J)%(=G#9&:(>&1*3*:U
S((J-%$0-$'P!.:1*45(\'9&1:/(1".:"4"'*%2)J.&(0%:1J"(41"$65(2&("9)=((2*%((3$1&((*&.&((>)#U
CG%5(.5($6)3&(3"#$%2$%:)'(.5J?*(,*%5(0%(>*1&/(:$%3)'(&(>53):(>51G#&U(A*3)7)'($'&$145(61*%(=56$25()1#51*:(2&(
1"$:$(#$.*,5($(?&%*'&*/(0%41"=*:/(0#*(7*%(15.)>'$1&$U(F$1/(3$(61*%(#*%)%&/($3&$.:$(.&(3*"3%&?:&(2&("(6*$:15/(.$1&(
0%($&1(?*(=9"$15(6&.:&(:1)6)'(A*3)7)')*U(+&(1".:"4"'&?:&(#$*(2&6$1:&(?*(.&(*=9&?:&(2&()%(3)*9
2&(((#*:1$'*&15U
C'):"%)'(2&($1)%35:"$1&(2&(>'5351*(%&(2&65?&?:&(0%(4"$%5U(E%>$%:&1*$(.&(%56).:&?:&(0%.61&(6"17*'&(>&1&3$:&($'&(
6)?351*&*U
F&('$(>&1&.:1&'&(3)(41*'$T&/(6)?:*'&J#*:1$'*&15(%&(.&3&15U(]'5351*'&($:G1%5(6&(3&1/(0%,5')*%2(0%3B*."$1&$(0%:1J"(
')#*%5(')4)915U(I%(>)#(%&41*3*".(*&.&(2*%($3"6&1*?U(@&%*?:**(6'$.&$=5(&X6'"=*,&(2&J$(')%4)'(=*2)1*'"1U
F&"2$:5(0#*($6$1&(0%(>$7$()%(">*7&1(1)./(2$1("(1$>$'5(.3)1:5(0'('*6&?:&(2&(6"17*'&(6)?351*&*(?*(.&(6159)?&?:&(3)(
>$7$('$(65#G%:U
])4(2*.6&1$:(?*(#5(3*"3%&.3(2&()%(6)?351*$?(0%%&9)%*:(3$1&(0%,G1:&(0%:1J"(#G%5("('&45:)15()1*$?5(2&(3B&*(?*(
0%(3&$'$':5()%
6*.:"'U
C1*#)'(4'"%7($'($):"#$:)')*(0'(%*#&1&?:&(21&6:(/0%(*%*#5h(#"$1&(0%$*%:&(.5($:*%45(65#G%:)'U(H(6*$:15(*#&%.5(
#5('",&?:&(6):&1%*3(0%(6*&6:/(0#*(6*&12($&1)'(2*%(6'5#G%*(?*(3$2(3)(>$7$(0%
Ldv
=56$25U(H$1&(3G:($#(=53):($?$W(D%(3'*6$(0%(3$1&(0#*(1&,*%/($)2(,"3*'&(4):)1$'&($'&()%"1(1)?*U(I%)'(#5('",&?:&(
91):$'(3)(6*3*"1)'/(2$1/(0%(3*)2$(2)1&1**/(1&)?&.3(.5(:$3U(\6"*(6'&$35(0%(>)45/(0%(:*#6(3&(6)?:*'&J#*:1$'*&1G(3"%:*%)5(
.5('$:1&U
`:*)(35(&(6&1*3)'".J.5(.:$)(61&$(#)':(3)'3$:(>515(.5U61*#&.3($T):"1U(\?(6):&$(0%4B&7$(?*($?(#)1*U(+$)($?(6):&$(#)1*(
2*%(3$)=$('",*:)1**U(+*#:(35J#*($12&(6*&6:)'/(*$1(T)%4B*)1*'&(2&,*%(2*%(3&(0%(3&(#$*(2)1&1"$.&U(C1&:):*%2&%*(=51&.3(
.*')&:&(0%:)%&3$:&(>)4*%2U(c(*#6".*9*'(.5J#*(2$)(.&$#$(3$1&(.)%:(1)?*(?*(3$1&(%&#7*U(8*#9*(')%4*(2&(>"3(7G?%&.3(
61*%:1&(41$:**'&q&1&.:1&'"1(2&('$(&:$T)'(?$.&/(2*%($1*6$(0%(3$1&(.&($>'5(>&#&*'&/(0%(')#*%$(>'5351*'"1/(2*.:*%4()#91&'&(
3&'"1(3$1&(.&($4$75(2&(41$:**'&(0%1"?*:&($'&(>&1&.:1&'"1/(0%(3G:&,$(3'*6&/("#)'(&(:1$%.>"1#$:(0%:1J"(#)#*&(
3$19"%*=$:5U
S((<&((((21$3)V((((:&J$*((((:"'5%*:(((($*3*W(((Y&((('5>5*(((0%(((#"3*1'$(3"#)%*.#)')*(1).&.3W(#5(0%:1&$95(C"1:$/(
$6'&3G%2)J.&(2&$.)61$(#&$U(((I%2&((:&J$)((%*#&1*:W
S((0%((6*&6:/(((*3%&.3((&)U
A5((&X$#*%&$=5((3$(()%((&X6&1:U
S((c?:*(%"1"3"./(.6)%&(&'U(Z52(35(6*&'&$(7*(.&(0%%&41&?:&(3$(3&$(($((')*((\'9&1:D
S((\((>".:(("((6*$:15/(("(6*$:15((*#&%.5/((#)1#)1(&)U
S((F1$3&D(&X3'$#5(C"1:$U(<1&2(35(E,$%($(15#$.(>515(#)%*7*&(2*%(((#"#&%:((3&(($1)%35(3)(6*&:1&(((0%((%"*U
S((<&(((.J$(((0%:G#6'$:W((0%:1&$95(((;5:1G%)'/((3$1&(((.&(($61"6*&/(0%."7*:(((2&(((-&*2&U
S((m*3&(35(E,$%(LJ$('",*:(3)("(6*$:15/(1G%T&?:&(C"1:$(3$'#/(?*($3)#((.:5($*3*((?*((#*"1'5*&((3$(("((6*.*35((9"'%$,5D
S((-$*2&D(+)./(>*)'&D(0#*("12"%5($.61)(;5:1G%)'/(F"$1(%)J7*(0%3B*6)*((35((&?:*(((0%((,$3$%75((2&((*$1%5D
S((Y1&9)*&(.5(#5(,$25(2"3:"1)'/(9"'9"1".&.3(&)U(+J$1(6):&$(.5($#((3"$.:&'&(((1)6:&/(.*#:((35J#*(((0%7&$65(
6'5#G%**U
S((E%.6*15($2G%3(2&(3G:&,$("1*/(0#*(.)4&1&$=5(C"1:$U(\*(.5(,&=*D(((H((.5((:&((#$*((1&#"%:&=*U
S((Z1&$)((.5((#5(,$25((2"3:"1)'/((#5((0%35657G%&=(&)U
S((c?:*(3"%,*%.(35(>&'3&1$?**(5?:*$(2&(2"*(9$%*(9G%:)*&(61*%(6'"$*$($.:$(2&("9)=&W(.&(#*15(C"1:$U((!*2*35J:&((?*(7*%&J
:&(2)65(%"*U(F$35(15#G*($*3*/("(.5(:&(:1$:&=&(E,$%(3)#(?:*&(&'(#$*(9*%&U(I%(.:1"6(2*%('*3"$1&$(.$(3"%:1$(:).&*/(?*("(
.5(.3$6*(?*(2&(1&.:)'(2&(3"$.:&D
I1'G%2(2&(2)1&1&/(6"1%&.3(?3B*"65:G%2U(I%(91$%3$12*&1(0#*(25(.5(0%4B*:()%(6)#%(2&(6*')'&U
\1)%35#(#*%&(0%(.$'$(2&(P1&3&67*&_U(C&1&7**(41"?*(.&(251G#5(2&(6$135($1(>*(2*%(.:*3'5U(I?*'&(#$.*,&(>&1&3$:&(0%(>*&1(
.&(*=9&.3(2&(6&1&7*U(+)>')'(%&($1)%35(6&(.6$:&/(2$1(%&(1*2*35#(*#&2*$:(?*(%5,5'*#(0%(6)?351*&U(\):"#$:&'&(:1$4(0%(
:":(3&(#*?35U(A"1#$%&
Ldo(((iVhiiVV
0%:1&4*(2&(3$2$,1&(=$3(0%(.$'5/(3)(>&7&'&(=21"9*:&/(6'*%&(2&(.G%4&U(\.:>&'($1$:5(:"7*(3&*(3$1&(.)%:("#"1G7*(2&(.)>')U(
A)':"1$(2*%:1&(&*(2&J$9*$('&J$(#*T*:(#).:$7$U
Z*&7*(*1".*:&(0%$*%:&(2&($J?*(2$(.&$#$(2&(,$'"$1&$($(3&&$(3&(6*&12U(I3*?*(2*%(3$)=$()%"1($3:&(41$:)*:&(2&(&1"*.#U
!5#G%&#(:53)7*('G%45(#)%7**(2&(3$2$,1&(?*(3"%:&#6'5#(61*,&'*?:&$(0%41"=*:"$1&U(I%&'&(:1)6)1*($)(>".:(.:1*,*:&(
.)9(.351*U(\)(?$.&(&:$T&(2&$.)61$('"1U(A)':&(2*%:1&()?*'&(3&')'&'"1($:G1%5(2"$1(0%:1J"(.*%4)15(9$'$#$/(0%5)%:1)/(
'&?)1*'&(61*="%*&1*'"1(.)%:(:&13*)*:&/($.&#&%&$()%"1(4G%2$3*(.:1*,*7*(.)9(:$'65U(+&(6$1&(35($)(>".:("#"1G7*(J2&(
41&%$2&'&(6&(3$1&(4$12*&%**('&J$)($1)%3$:(0%(3&')'&(0%$*%:&(2&($(>)4*U
S((<$((('$((%"*/((("9.&1,5(((C"1:$((3)((:1*.:&7&U(((C1*="%*&1*(()3*?*(6&%:1)(($((%)((352&$((0%((#G%$(2)?#$%)')*D
S((c(($*3*(()%)'((3$1&((:15*&?:&D((.:1*45((A*3)7)'U
0%(.6$:&'&(9*1")')*()%)*(">*7&1(.&($>'5()%()1*$?(0%()%*>"1#$(,&12&(H@CI/(6&($'&(351&*(#G%&3*(.)%:(91"2$:&(.:&'&(
$)1**U
S((h-5!!!/3<-($;*$P!!!=9*$15(((-&*2&(((>&1*3*:/(((0#6)%4G%2)JL(((6&(">*7&1)'(((4$'9&%(((3$(((3&$1$(((3)(((7&$,$(
$):"#$:)')*/(((0%(((:*#6((3&(8&4*"%$1)'(($2)%5((%*?:&((BG1:**((2&((6&((9*1")U
S((H12*%&(((2&(((&X&3)7*&/(((=G#9&?:&(((&'(((?*J*(((0%#G%&$=5(2"3)#&%:&'&((H9&1'&):%$%:)')*(((8"R&U
S((8)$7*JLD("12"%5(.3)1:(8"R&/(2$1(.5(:&(>&1&$.35(F)#%&=&)/(I%:&1">>*=*&1(f$'9/(2$35(.&(0%:G#6'5(3&,$(3)(&'D(
\#(.5(:&(:1$4('$(15.6)%2&1&((6&%:1)(()3*2&1&((2&((61*="%*&1*U
S((J-(!K))-2P!H(.5($#(41*T5(2&(&'(3$(2&()%(>*1(2&(651(2*%(9$19$((((C1">&:)')*/(((>5452)*&?:&((((8&4*"%$1)'/(((1G%T*%2(
2*$9"'*3U(A*?35D(S(0*($1)%35(&'(3"#*.$1)')*(H@CI/('",*%2)JL(91):$'(0%(.6*%$1&(((3)(((6$:)'((($):"#$:)')*U(((]*&(
3$(((\''$B/(((0%(((*#&%.$(((')*(9)%5:$:&/(.5J7*($.*4)1&("(#"$1:&(0%(3B*%)1*/(3G*%&(3"#)%*.:(3&(&?:*D(`*(>*&(3$(>'5351*'&(
.5J7*(:"6&$.35(".G%=$(~2&(6&("$.&(0%(,&3**
,&3*'"1D
I%(41)6(2&(9519$7*(?*(>&#&*(0#9153$7*(3*)2$:(3"9"$15(.351*'&(i(0#6'&:*3*%2)J.&U(C1*#)'(6"$1:5("(6*T$#$(3)(2)%4*(
$'9$.:1&/(*$1()1#5:"1)'/("()%*>"1#5(2&(#$*"1(&.:"%*$%U(\6"*($6$1&()%(*%2*,*2(3)(6$%:$'"%*(2&(35'51*&/(.#"^*%4(
%&41)(?*('$(4G:(3)("(&?$1>5(3$1&(>).&.&(3G%2,$($'95U(H1*3)#/(#$T"1*:$:&$(.)%:(0#9153$7*(0%(=21&%7&U(E3*J3"'"(.&(
,&2&(3G:&("(9"%&:5(H@CIU
\,&#($):"#$:&'&(61&45:*:&U(K&(&%&1,&$=5($6$1*7*$($3&.:&*(3"B"1:&(.:1$%**(2&("$#&%*U(\1$:5(2&(6$135($1(>*(4$:$(0%(
"1*3&(3'*65(.5(%&(.$15('$(4G:U
S((H(.5(%&(2$7*(#G%3$1&W(.:1*45($#&%*%75:"1()%)'(2*%:1&(&*/(.3)*6G%2((6&((6"2&$U
S((y*%&J7*((4)1$D((*J"((1&:&$=5(3*%&,$(2*%((#)'7*#&U
VV(V((((J((((((_00000000000i(V00000000000000000000000000000000Ldn
F&"2$:5/(6$1(3)61*%?*(3)(:"7**(2&("(31*=5(2&(*.:&1*&(?*(0%3&6(.5()1'&U
S((p"%*.",((&(($*3*D((153%&.3((&*(((0%((3"1U
S((H#"1G7*JLD(((<5'3$7*JL((0%((6*3*"$1&D(((C"13(((0#6)7*:D
S((<&(21$3)V(*J$($6)3$:W(=9*$15(%&1,".(H9&1'&):%$%:(8"R&U(F&.6517*7*J*D(((C)%&7*J*(((.5(((.&((($'*%*&=&(((2*%(
%")D(((F$35((,5((>$3(61"9'&#&/(0*(2)3&7*(0%$6"*(0%(3&')'&U(<&'(6)7*%($3"'"(%)(.&(6":(#$.$31$(()%)'((6&(($':)'U
S((RG,./!$%+$==,(,%/5!1G%T&?:&(3*%*3(#*3)7)'(8&4*"%$1/($15:G%2(3)(7&$,$($):"#$:)')*(.61&()%(3$2$,1)(6'*%(2&(
.G%4&/(35'3$:(0%(6*3*"$1&U(((K)(,"1((2&3G:((.5(('&((,*%5(2&((B$3((:&#%*3&1*'"1U
C1*="%*&1**(%&(61*,&.3(')%4U(0*(61*,*#(?*(%"*(0%:1&95:"1U(K&(:&#&#(2&($3&.:&(>**%7&(.3B&'&:*3&/(3)("3B**(
$2G%3*7*(0%("19*:&U
S((\(((21$3)')*(((6):"$1&/(((%)J*((($?$W(((#"1#5*&(((;5:1G%)'/(7*%G%2)J.&((3)((#G%$(2&((%$.U
S((F&($3"'"((,*%&/(.6)%&(((A*3)7)'/(($15:G%2(3)((2&4&:)'U
S((E$(:&()*:5D(&X3'$#5(;$13&'"%$U(c(3&$(#$*(#$1&('$:1*%5(6&(3$1&J$#((,5=):J"((,1&"2$:5D
S((I*:5J:&(?*(0%5)%:1)/(0*(.)4&1&$=5(C"1:$U(c($3"'"(3&,$(3&(%J$*((,5=):((%*3*"2$:5U
I%(*%2*,*2(.3)%2/(3)("3B*(2&(?"$1&3&/(0#9153$:(0%()%*>"1#5(H@CI(.&(0%21&$6:5(.61&(%"*(3)(#G*%*'&('$(3&$>5/(
6&%:1)($(%&(2&#"%.:1$(35(%)(&(0%$1#$:(?*(35(15=9"*)'(.J$(:&1#*%$:(6&%:1)(&'U
S((-&11(((f"##$%2$%:/(((.5((:15*7*D(('$:15(&'(((0%:1J"(4&1#$%5(3)1.*,5/(6"3%*%2)J?*(35'3G*&'&(0%(>$7$(
H9&1'&):%$%:)')*(8"R&U(Z5(0%31&2*%7&=((2&6$1:$#&%:)'((2&(((0%1&4*.:1$1&(($'(((0%3B*."1**(((?*((#5(.)6)%(
"12*%&'"1((2)#%&$,"$.:15U
<)("3B**(#*T*7*(?*(>515(.5J?*($.3)%25(2*.61&7)'/(H9&1'&):%$%:(8"R&(0'(#5."$15(3)($:&%7*&(2*%(3$6(6G%5J%(
6*3*"$1&U
S((<&J*($.:$W(0%:1&$95(&'/($15:G%2(.61&(.3G%2)1$(')%45(2&('&#%U
S((8$:1*%$(61*="%*&1*'"1/(15.6)%2&(:*6)'(2*%(H@CI/(3)()%(=G#9&:(((3*%*3U(((K)(((6):&#(((>$3&((()%$(((#$*(
9)%5U(((\,&#((()%(1&4)'$#&%:/(*$1(61*="%*&1**(.)%:(%*?0&((6"13*U((8*(.&(6&1#*:&(.5(#&$145('$('$:1*%5(*$("1&(9*%&(
.:$9*'*:&U(\*3*(%)J*(B":&'(2&(')XU(F$1(&*(%)($?:&$6:5(?*(.&(3$3$(0%(3&')'&U(<G%2(.:$)(6&('$:1*%5/($2"1#(((?*(((3$2(
0%(((&$U(((;*%&0%7&'&.(((35(((.&(((0%&$35U(((K)(((&((,*%$(4$12*&%*'"1U(((!&.6&3:5#((?*((%"*(("12*%&'&/((3$(("1*3&(
."'2$:U
S((-$*(.5JL($1)%35#(0%(353$:/(61"6)%&(C"1:$(3)()%(=G#9&:(#$3$91)U
S((8)$7*JL/(((15.6)%2&<F9&1'&):%$%:(((8"R&/((15.)3*%2)J.&((6&(35'3G*&U(+5(6'&35#D((K*AR*($,&#(3&(>$3&(
$*3*U(K"*(.)%:&#("()%*:$:&((2&((')6:5/((%)((>'H>33&1*D
0%($1*6*'&(61*%3*6$'+6$'&(3'52*1**/(')6:$(3"%:*%)5(3)(0%31G%3&%$1&U
S(cX$3:(3$('$(%"*/(.6)%&(C"1:$/($15:G%2(.61&("(6'$35($'9$.:15(3$1&(6"$:&(>*(,5=):5(2*%("1*3&(3"'7($'(0%3B*."1**U
PCcKY!I(C\Y!Ec/(CcKY!I(+Y\8EK_(.:5(.31*.(3)('*:&1&(#$1*(?*(1"TT**U(A$*(T"./(3)('*:&1&(%&41&(3&,$(#$*(
#*3*/()1#&$=5h(P8E<-EF\A(]s!s(KE<E(H(cmEY\!c(YHyE(FI`A\KEE(CHCH!I8IE/(YHyE(
C\!\mEyEE(`E(Y!sFsYH!EEU_
C&(6&1&:&'&($:&'*&1)')*(2&(#$?*%*(.31*&(3)('*:&1&(2&J)%(#&:1)h(PAIK<\(c+Yc(<c8(A\E(Fc(+c\As(
C!EZE8c@EI(`E(;cKc]E<EI(\8(+Y\YI8IE(+H<E\8E+Y_U
S((-$*2&7*D(((0%$*%:&D(((\2)%$1&$D(("12"%5((;5:1G%)'U
K&(($1)%35#(('$(($256".:((2&2&.)9:)'(()%&*(((1$#6&((')%4*U
S((H((')5#(((6&J$*3*/(((%&(((&X6'*35(((&'U(((C1&45:*7*((0%35135:)1*'&D(C"13**(5*$(.J$)(9$1*3$2$:(0%5)%:1)(?*(
>"'".&.3(61*="%*&1**(21&6:
6$1$,$%D
I%()1'&:(.>G?*&:"1/($%*#$'*3/(0'(0%:1&1)6&U(c()1'&:)'()%&*(>&#&*
:"1:)1$:&/((3$1&((6$135(($4"%*=&$=5U
S((y*%&J%&/(F"$#%&D(&X3'$#5(;$13&'"%$("1*6*'$:U(H$1&(3&J*
>$3W
S((H($12(3)(>*&1)'(1"?)U(\.:$(>53&$)(?*(61&"7**(6&(,1&#)1*/
.6)%&(((C"1:$((0%>*"1$:/((6"3%*%2)J?*(2&4&:&'&U
I1'&:)'(.&("61&?:&(91).3/(3$(?*(3)#(>&#&*$(?*J$1(>*(2$:(2)B)'U
S((-$*(.5(%&(:&1#*%5#(:1&$9$/("12"%5(;5:1G%)'(0#6*&:1*:U(F*%:1J)%(.$':($4*'/(.&()135(6&(1$#65U(\'&$145(
0%3","*$:/()1#$:(0%2&$61"$6&(((2&(((@1&4"1(((?*((2&(((8&4*"%$1/((3$1&((2)3((('5=*'&(((3)U
&X6'"=*,U
A*3)7)'(($1)%35((6&((1$#65(:1&*((.$)((6$:1)(('5=*U
S((`*(((:)/(((61">&."1&D(((.6)%&(((&'/((($=,G1'*%2)JL((('G%45((('5=*U(F)#%&=&)(.5(:&(65=&$.35(2$35(:&(61*%2(3)(
,1&"(?#&3B&1*&D(H(.5(0#6$3B&:&=(0%35135:)1$(3)(:*%&(?*J"(.5(:&(:1*#*:(2*1&3:(0%(91$7&'&
')*(((E,$%D
S((F&(((V3&(((#5(((B517)*&?:*(((#&1&)W(((.&(((:G%4)*&(((61">&."1)'/(0%3&13G%2(.5(1*2*3&("('$25/(2$1(%)(&(0%(.:$1&(
.J"(#*?:&(2*%('"3U
S((y*%&J7*(4)1$(3G%2(,"19&.3(?*(3G%2(4G%2&.3(&)D(*J"(1&:&$=5(.3)1:(A*3)7)'U(E$(:G1%53"6)'(5.:$U(F)J:&(?*(>5("(
4$)15(6&%:1)(6)'9&1&/(?"$1&3&(2&(9*9'*":&35(3&(&?:*D(CG%5('$()1#5/("1*(2$*("1:)'(6"6**/("1*($T)%4*(3&'(#$*(9)%(
."'2$:(4&1#$%U(H(.5(#51?5')*&?:*(0%(6$.((2&((4G.35((6G%5(('$(((?3"$'$($*$($(((:$(2&(('$((7$15D
S((F$7*J*(21)#)'D(.:1*45(;5:1G%)'($4*:$:U(<*%3*(#&:1*(0%:1&(0%35135:)1*U(((-&*2&/(:)((3"%&3:&=*(>*1&'&D
S((0*(((.6$14D((()1'5((A*3)7)'(((%&15925:"1/((351)*$(((0*((6'$3&(('$(%&9)%*&((.5(2&3'$%?&=&((&X6'"=**U
0%()1#5:"$1&$(T)#5:$:&(2&("15(')315#(3)("(,*:&=5(%&9)%5U
S((07*(2$*(.&$#$(3G:(2&(41"$.&(.)%:(=*2)1*'&($.:&$W(0%:1&$95(;$13&'"%$U(((+)%:(((#$*(((41"$.&(((2&3G:(((3&'&(
$'&(((>"1:G1&7&*(((2*%(;1&.:J8*:",.^/((3$1&((%)((&1$)((3B*$1((%*?:&((2&3"1)1*((.3&%*3&D
Lde
S((A$*((.3):&?:&J#5((2&((>'&351&$'$((:$D(((.&((15.:&?:&(;5:1G%)'(*1*:$:U
0'(0%4B*"%:&?:&(6&(A*3)7)'(0%()#51U(I1*$?)'(0#6*%4&("(0%35135:)15(:1*6'5(0%:1J)%$(2*%(41"6*U
S((A$*(&(2&.:)'5D(.&($6515(A*3)7)'/($15:G%2(.61&('5=*'&(6'*%&(2&(#)%*7*&U0%($>$15(2&($.:$/(3&&$(3&(>"'".*#(%)(
#$*(:1&9)*&(.5(3515#U(3)((%"*U
S((A*(.&(6$1&(35(,1&*(.5(.$1*(?*(:)(0%($&1/(#G1G*&(0#9)>%$:(;5:1G%)'U((+5(?:**(35(%)(0#6$3B&:5#(3$1$#&'&U((c(
$'(%$*9**(2&(6&1*3)'".D
S((@$:$/(.:1*45(-&*2&/(0%21&6:G%2)J.&(7$%7"?(.61&(;5:1G%)'U
S((8$.5J#5(((6&(((#*%&D(((=9*$15(((A*3)7)'/(((%56).:*%2)J.&((('$(2&:"%$:"1)'(351)*$(@1&4"1(0*(3"%&3:&$=5(
)':*#&'&(>*1&U(y*%&7*J,5(9*%&/((>**'"1D(((H((.5((>$3&#(((P9)#J9)#_/((1G2&((&'((>&1*3*:U
\6)35(.:1G%.(#G%&1)'(3)($#9&'&(#G*%*(?*JL($6$.5(3)(:"$:5(41&):$:&$U(cX6'"=*$(=4)2)*&(1$#6$(2*%(:&#&'**U(
+*#7*#(3)(:"7**(61&.*)%&$(.)>')')*/(3$1&(%&($9."$19&(6)1(?*(.*#6')(:":($&1)'(2*%(6'5#G%*U(I%(=*2(0%$':(2&(
2")5=&3*(2&(#&:1*(.&(615,5'&?:&/(0#61"?3G%2)J%&(3)(#"1:$1(?*(9)357*(2&(9&:"%U(<G:&,$(3'*6&(#$*(:G1=*)/(.&(
251G#5(:":(6&1&:&'&(&X:&1*"1U(<'52*1&$(6$1&(35(.&('&$45%5/($6"*(.&(6159)?&?:&U(F")5(3"?)1*(0%$':&(2*%(.$'$(
3$=$%&'"1(.&(%51)*&(6&.:&($1*6$(0%(3$1&(.)%:(0%3$13&1$:&(>&#&*'&U(Y1".%&:)'(6$1&(35(%)(.&(,$(#$*("61*(
%*3*"2$:5l(%"1)'(2&(61$>(2&(2&$.)61$(3'52*1**(31&?:&(%&3"%:&%*:U
I1#&$=5()%(#"#&%:(2&('*%*?:&($2G%35U(]'5351*(7G?%&.3(2&(61&:):*%2&%*/(15.6G%2*%2)J.&(3)("(,*:&=5(
)*#*:"$1&/(3$()%(3","1(2&(>"3(3$1&(.&(2&.>5?"$15U
C&1&7**((3$2U((C'")5(3)((9)357*((#$1*(2&(#"1:$1(?*(3515#*25U
S((K&:1&9%*3*'"1D(((0%T)15((()%(((]&'2R&9&'(((2*%(((@&%*?:*/(?:&14G%2)J?*(.G%4&'&(2&(6&(>$75U(<&(%$*9$D(KJ$7*(
#$*('5.$:(0%(,*$75(%*3*(#53$1()%(?"9"'$%U(c)($?(?:&14&J"(2$3J$?(>*(0%('"3)'(,".:1)U(((C&((#*%&((#J$1((3$#(
0%41*T"1$((3B&.:*$(($.:$D
S((E.).&(?*(A51*&/(.:1*45(A*3)7)'/(1*2*3G%2)J.&(0%(4&%)%3B*U(\.:$(#$*(=*3(?*(&)(9)9)*:)15D(Y"$:5(3)?3$(.J$(
>53):(61$>D(Z$(2)1$(((3&,$(((:*#6(((6G%5(((3G%2(((,"1(((21&4&J"/(((3$(((.5(((61*#&$.35()1#5:"1)'((('":(((2&(((.3'$,*U(
\."3*$7*$(((6&%:1)(((\T):"1$1&$(C1*="%*&1*'"1((%&((,$((2$(?*("((#&2$'*&(21&6:((15.6'$:5U((F"$#%&($T):5J%&/((3&(
9)9)*:)15((>1)#)?*35(($((>".:D
\'9&1:(.&(.3"$'5(3)(>$7$(3"#6'&:(3&%)?*&(?*(0?*(2)3&(6)#%**(0%3'&?:$7*(2&$.)61$(3$6)')*U
S((]1"%:)'(!"?)D(=9*$15(&'/(3)("(&X61&.*&(:&#9&'5(6&(3B*6U
S((C"1%*#D((("12"%5((;5:1G%)'/((1*2*3G%2)J.&(0%(6*3*"$1&/((3)($):"#$:)'((2&T$((61&45:*:U
C'):"%)'($1)%35:"$1&'"1(2&(>'5351*(#&14&(0%(>1)%:&(?*($1)%35('*#9*(2&(>"3(0%(>*&3$1&('"3$?(2&(:1$4&1&/(
0#61&)%5(3)(C"1:$/(.$1
(+)
0%(3&'(#$*($61"6*$:(6".:(2&($651$1&(?*(')#*%&=(*%:&1*"1)'(3)('$%:&1%$U(C1&:):*%2&%*/(3$2$,1&(3$19"%*=$:&/(3)(
91$7&'&(2&.351%$:&(0%:*%.&(6&%:1)($(.&($651$U(A)'7*(%)(#$*(.)%:(2&3G:(%*?:&(#)#**(.3">G'3*:&U(\1)%35:"1)'(2&(
>'5351*(*J$()3*.(2*%:1J)%(.*%4)1(T&:U(<&*(3$1&(%J$)(>".:($:*%?*(2*1&3:(6$1(%&"9*?%)*:(2&(#$1*(0%(3"#6$1$7*&(3)(
#)#**'&(3B*13*:&U
S((I%(15=9"*(31)2(.&(:&1#*%5(1&6&2&U(H1*3)#/($?$(.31*&(6&($>*?&'&(2&(61"6$4$%25/(&X6'*35(C"1:$U(F$1(&("(
#*%3*)%5/(3$/(2&($':>&'/(:":(3&(.&(0%:G#6'5(0%(15=9"*)'(5.:$U(!5=9"*)'(6&(3$1&JL(6)1:5#(&(3&'((#$*(31)2(2*%:1&(
:"$:&(?*(.&(6$1&(35(,$(2)1$("
,&?%*3*&U
0%:1&(2")5(=*2)1*(0%%&41*:&($'&(0%3B*."1**(.&($>'5("(3)1:&(')%45(?*((0%4).:5((0%((3$1&((=$3((#"1#$%&((2&(('&?)1*U
S((0#6)?3$7*(((0%(((3&$>5D(((3"%.:$:5(((;$13&'"%$/(((2)65(((3&(((*J$(15.)3*:((6&((3G7*,$((3)((7&$,$(($):"#$:)')*U
S((K)J*($2&,51$:/(.:1*45(@1&4"1(%&0%31&=5:"1/($6'&3G%2)J.&(2&$.)61$()%)*(3$2$,1)(0#9153$:(0%(=21&%7&(
6&%:1)($JL(61*,*(#$*(2&(($61"$6&U
S((;$(&(>"$1:&($2&,51$:/(">:&$=5(C"1:$U(;5*&7**(2*%(H@CI(.J$)(4159*:(.5(.3$6&(2&(6535:"?**(5?:*$(3G%2(%"*/(
&'*9&1$:"1**/($#(0%3&6):(.5(9$:&#('$(6"17*'&(0%3B*."1**U(K)J*(%&,"*&(.5(>*()1#$:(?3"$'$(2&(2&:&3:*,*('$(f1*6"[(
3$(.5J7*(2$*(.&$#$(3&(.J$(6&:1&3):($*3*U(I%(4'"%7(0%(3&$>5D(H(45)1*35(#*35('$(.6$:&(?*(>$7$(3"#6'&:
=21"9*:5D
F*%((3&$'$':5((6$1:&(($((3'52*1**((.&(($)2((1$>$'&((*%>&1%$'&U
S((+)%:($*(%"?:1*D(&X6'*35(8&4*"%$1)'/(1*2*3G%2(*%2*>&1&%:(2*%()#&1*U(((Y1)6&'&((.6&3*$'&(($'&((+FJ)')*U((0*(
:&1#*%5(6&(3"#*.$1*D
K&("61*#("(3'*65(?*(%&()*:5#(0%(T)1/($256".:*7*(0%:1&(3&'&(2")5(3$#*"$%&($1.&U(!$>$'$(=4"#":"$.5(6$1&(.5(%)(
.&(#$*(:&1#*%&/(2$1(0%(1&$'*:$:&(%)(7*%&(2&3G:(3G:&,$(.&3)%2&U(Y1)6)'(2&?*1$:($'(3"#*.$1)')*(=,G3%&?:&(.)9(
6'"$*$(2&(4'"$%7&/(0%:G*(&(1*2*3$:(0%($&1/($6"*(&(:1G%:*:(*$1('$(65#G%:U(<B*$1(?*(2)65(3&(#"$1&/(3"16)'(0*(#$*(
:1&.$':5(.6$.#"2*3U
I%(I%:&1.:)1#>**B1&1(:*%&1&'/(3)(9"%&:$(:1$.5(6&("3B*/(.&($61"6*&(2&(3$2$,1)(?*(0%21&$6:5(7&$,$(CJdeJ)')*(
.61&(3$6)'($3&.:)*$U(Y1&*(>"3)1*/(?*(3B*6)'(0*(2&,*%&("(#$.5(2&(3$1%&(2&(%&1&3)%".3):U
C1*="%*&1**(3$1&(.J$)($6'&3$:(6&(>&1&$.:1$(.65'5:"1*&*(3B*)*&(?*
$6'$)25((&%:)=*$.#$7*(('$((3)'#&U
I1#5:"1)'(&(0#6*%.(61*%:1J"()?5(0%4).:5U(c()%(*%2*,*2(351)%:/(3&,$(#$*(,G1.:%*3/(0#9153$:(0%()%*>"1#$(^$^*(
3)(&6"'&7**(,&1=*($*(H@CIU(+:5(1&=&#$:(2&(6&1&:&(61*,*%2(0%41"=*:U(H(1$>$'5(.3)1:5(0'(:1G%:&?:&('$(65#G%:U
[((U($0$%-)43)$:,$!!!!e!!!C"'*7*$(((#*'*:$15((T%"/"V
(+(
C1*="%*&1**(.:1*45(?*(>')*&15(0%(3'*6$(0%(3$1&(&(.3".(2*%(.65'5:"1*&()%(41)6(2&(9519$7*(?*(>&#&*/(#$T"1*:$:&$(0%(
)%*>"1#5U
S((-$*2&7*D(-$*2&7*D(153%&?:&(%&15925:"1(:G%51)'(">*7&1(+FU(-$*(((.5((:&1#*%5#(((#$*(((1&6&2&D
+)%:(2)?*('$(6&1&:&(3)(?):)1*(?*(3)('",*:)1*(2&(6$:(2&(6)?35/(0*(61*,&.3($6$:*3*(6&()3*4$?*/(3$1&($)(6&(9"%&:5(
&#9'&#$(3)(3$6(2&(#"1:U
S((]"3D((("12"%5((">*7&1)'(((+FU
\):"#$:&'&(.3)*65(#"$1:&U(c3")'(15.6)%2&(2*%.61&(=*2)1*'&(3'52*1**U
H(1$>$'5(>)1*9)%25(2&(6)?35J#*:1$'*&1G(6"1%&?:&(2&('$("(>&1&$.:15($()':*#)')*(&:$TU
I%:&1.:)1#>**B1&1)'(3$2&U(C'):"%)'(2&(&X&3)7*&(&($1)%3$:(6&(.6$:&l(.&(=,G13"'&.3(3)(:"7**(0%(=56$2$(3$1&(.&(
0%1"?&?:&(:1&6:$:U(C)?3$J#*:1$'*&15(0?*(.3B*#95(7*%:$U(\3)#(3*)1)*&(6&1&7**(.65'5:"1*&*U
@&$#)1*'&(.&(.6$14U(C1*="%*&1**(>)4(2&('$(>&1&.:1&(3)(>&7&'&(.>51G#$:&U
K&($256".:*#(?*(%&(0%2&651:5#(:G1G?U(<&(.&(0%:G#6'5($*3*(%)(%&(61*,&?:&U
]'5351*'&(3"%:)1&$=5(2&.&%&(#$3$91&(6&(3'52*1*'&($>)#$:&($'&(0%3B*."1**U(C&(3G%2("3"'*#(2&6"=*:&'&/()%(:*1(
3"%3&%:1$:(2&($1#&($):"#$:&(%&(>$3&(.5(%&("61*#(91).3U(F*%.61&(.65'5:"1)'(*="'$:(15=9$:(7*6&:&(2&(41"$=5U
S(-$*(.5(,&2&#(3&J*($3"'"/("12"%$(;5:1G%)'U(Y)(?*(+,&%/(6'&3$7*(0%$*%:&D(*(.&($21&.&$=5(')*(C"1:$/(2G%2)J%&(
)%(.$3(3)(41&%$2&U
])4*#(35:1&(.65'5:"1(61*%:1&(:1)%3B*)1*'&(2&(3"6$3*(2*.:1)?*/(0%(>$7$(#&$($6$1&("(.*')&:5U(F*%(1&>'&X/($65.(6&(
:154$3*(?*("(0%:1&$45(1$>$'5(0*(=21"9&?:&(?*1$(.6*%51**U(+&(1".:"4"'&?:&(2&(3G:&,$("1*/(0%(:*#6(3&(#G*%*'&(?*(
6*3*"$1&'&(0*(=,G3%&.3(.6$.#"2*3U
C"1:$('",&?:&(3)(6*3*"1)'()?$/(3$1&(.&(.6$14&(2*%:1J"(*=9*:)15U
I%(">*7&1(#*3(?*(41$.(.&(B"'9&$=5()*#*:('$(%"*(?*(9GT9G*&(2)65(f$'$?%*^",/(3$1&(.&($>'5(0%$*%:&$(')*/(6&(#$.5U
I%(4'"%7(0*(.:156)%4&(9&1&4$:$/(0#61"?3G%2)J*(6$1:&$(2*%(.6$:&($(3$6)')*(6&(6&1&:&U(;"%&:$(3)(2)%45(
$'9$.:15(.&(1".:"4"'&?:&(6&(6"2&$(?*(.&("61&?:&('G%45("(.:*,5(2&(.:*3'&(4"$'&U
0#*(2&.3$13(#*:1$'*&1$(2&J$(')%4)'()%)*(3"1*2"1(2&()%2&(#*(.&(6$1&(35(,*%(.61&(%"*(%*?:&(.*')&:&(0%:)%&3$:&U(
C1*#$(1$>$'5($(+3B#&*..&1)')*(#&)(0'('",&?:&(0%(4)15(6&(61*#)'(2*%:1&(&*U(<$2&(*%.:$%:$%&)U(\):"#$:&'&(
%"$.:1&('5:1$(3$(:)19$:&U
F"*(."'2$7*(0%(#$%:$'&(')%4*(.)%:(.5':$7*(0%($&1(?*(61"*&3:$7*(0%(6&1&:&U(\')%&35(6'*%*(2&(.G%4&(?*(.&(6159)?&.3(
3$(%*?:&(=21&%7&U(@1&%$2&'&(=9"$15(61*%(3$#&1$(0%:)%&3"$.5U(K&($256".:*#(0%(LNO
.6$:&'&((6&1&:&')*((?*((0#61"?35#((2*%((%")((3)(4'"$%7&U(Y1&6:$:/((7*6&:&'&((2&,*%((B"135*:)1*U
S((-$*2&7*D(3"#$%25(;5:1G%)'/(0%B57G%2(f$'$?%*^",)'()%)*$(2*%:1&((#"17*U
H(.$',5(61&')%45(2*%:1J)%($):"#$:(%&(,GTG*&(6&('G%45()1&3B*U(\'9&1:(.$1&(0%(.)./(.:1*45(3$()%(15=9"*%*3(?*(
$1)%35("(41&%$25(2&>&%.*,5/(0%(3&'5'$':(3$65:($'(3"1*2"1)')*(.&($)2&()%(9)9)*:(15.)%5:"1/($6"*("(')#*%5(
"19*:"$1&/(?*(:1&*(3$2$,1&(3"%:"1.*"%$:&(=$3('$(6"2&$U
S((F1$3&D(9"#95%&(&'/(3)(2&4&:&'&(0%()1&3B*U(c1$(.5(#5(6*?(6&(#*%&(2&(>1*35D(C1*,&?:&(0%(T)1(3)("(&X61&.*&(
6*&12):5(?*(.&('$.5(#"$'&(6&(6"2&$)$($3"6&1*:5(3)(>G?**(2&(3$1%&(?*(3*"9)1*(2&(.:*3'5U(8$(%$*9$(3)(0#6)7*:$(
$.:$(2&(\1#$:5(4&1#$%5/(.&(:G%4)*&(&'U
S((F$/((:1&9)*&((.5((1&3)%"$?:&#(35/(2)65(3)#($157*/(:&J$*(0%1"'$:(0%:1J"($1#$:5(:":$'(%&6":1*,*:5(6&%:1)(:*%&/(
%)J*($?$W(1G2&(C"1:$/((0%?>53G%2(41&%$2&'&U
]"3)'/(%&.:5,*'*:(2&(%*#&%*/($(2&,"1$:($61"$6&(0%(0%:1&4*#&('$:)1$(2&(%"12($(0%3B*."1**/(3&$(1&=&1,$:5(
>&#&*'"1U
K&($61"6*&#(3)(41*T5(2&(1)*%&'&(0%(>'5351*/(4$:$(.5(.&(%51)*&(2*%:1J"(3'*65(0%($':$U(<*"13B*%*(2&(3$2$,1&(3$1&(
$:G1%5(0%3"%T)15(=*2)'(3$(%*?:&(4B*1'$%2&J.*%*.:1&/(#*?3G%2)J.&(0%(95:$*$(,G%:)')*U
S((<$(2&("9*3&*/(2$:"1*$(&(6&(61*#)'('"3/(.6)%&(C"1:$U(EJ$)(&X&3):$:(((3)(((3*%3*(((#*%):&(((0%$*%:&$((("1&*(((2&(
0%3B*2&1&U(((+3)*65(0#6":1*,$((,G%:)')*U
HS(\1(>*(:1&9)*:(.5(7*%5(6)#%)'(.:1G%.[(?*(4)1*'&('"1(.6)13$:&(.5(:$35/(>$3&(@1&4"1U(I*:5J:&('$(&*(3)#($:G1%5U(
8$(3&('&J$(>"'".*:(2$35($)(61":&.:$:W(8$(%*#*3U(A$*(9*%&(:&('$?*(2).(2&(3)1&%:(?*($*(?$%.$(.5(:15*&?:*(#$*(#)':/(
>**%235(,*$7$/("1*3)#/(&(2&.:)'(2&(.3)1:5U
8)6:$($61"$6&(35($(0%3&:$:U(F*%($1*6$(61*%3*6$'5(.&(#$*($)2('5:1$:)'($1#&'"1($):"#$:&(?*(9)9)*:)'(41&%$2&'"1/(
0%:1&1)6:&()%&"1*(2&(:1".%&:)'(#"1:*&1&'"1U(F$1(2&($.:$(%)(%&(#$*("3)65#(%"*/(&(:1&$9$(*%>$%:&1*&*(?*($(
4&%*?:*'"1U
K&("2*B%*#(6&(2)?)#&$(0%(3'52*1&$(9)35:51*&*/(0#61&)%5(3)()%(41)6(2&(61*="%*&1*/(?*(2*.3):5#(2&.61&(
#&:"2&'&(2&(*%:&1"4$:"1*)U
I%(95*$:(2&(?$*.61&=&3&($%*/($1&.:$:(3B*$1('$(?3"$'5(?*($3)=$:(2&(61"6$4$%25($%:*1&,"')7*"%$15/(?*J$(6*&12):()%(
"3B*(0%(:*#6)'(*%:&1"4$:"1*)')*U(K&(2&.31*&(0%(3G:&,$(3),*%:&(:1*.:$(.$(&X6&1*&%75U
0'(61*,*#(:53)7*U(C$1&(&X:1&#(2&(0#95:1G%*:(6&%:1)(,G1.:$(')*(?*($1&("3B**(6'*%*(2&(6)1"*/(0%(0%3B*."1*'&(2&(
:1$%=*:(%)(&X*.:5(#&2*3*U(I%(61*="%*&1(#$*(,G1.:%*3(%&($1$:5(:1*.:(2&4&:&'&(=21"9*:&(2&('$(6*3*"$1&U
[(C)#%)'((.:1G%.((S(.&#%)'((3'$.*3(($'((3"#)%*?:*'"1(T%"/"V"
wqS
S((+)%:(((')31)1*(((?*((#$*((1&'&D((.:1*45(("((>&#&*&((3$1&(($((>".:(0#6)?3$:5(0%(1":)'&U(K)(,$(#$*(>*(%*3*"2$:5(0%(
.:$1&(.5(#&$145(%"1#$'U
S((\1((:1&9)*((.5J*((0#6)?3G#((6&((:&#%*3&1*U(((C&(:"7*/(.6)%&(B":51G:(((A*3)7)'/(T)3G%2)J.&((3)(6)?3$(((')*((3)(
:1&*(((7&,*U
S((C5*($.:$(.&(?*J%:G#6'5/(*%:&1,*%&(C"1:$/($15:G%2(3)(2&4&:)'(#$1&(((0%(((2*1&37*$(((3)17**/((()%2&(((1565*&(
$):"#$:&'&(((?*(((.&((($)2(0%3"%:*%))((.:1*45:&((%&2&.')?*:&U
`%$6.)'(((6&(((3$1&(((LJ$((((P&'*9&1$:_((((C"1:$(((2*%(((2)'$6)'(3"#$%2$%:)')*(,!2)'3&(?*(%&(25("(.&%=$7*&(6'53):5(
2&(35'2)15U(I%(:&#%*3&1(41$./(6"1&3'*:(0%4&1)'(E$2)')*/(>**%235(&1$(61*&:&%(61*="%*&1**/((.:5((6&(()%((.3$)%((#$*(
0%((.6$:&(((?*(3G%:5h
3)
?$.*3)')!07/'(7!:74-+-!4,!!*@04$,5!K*3)3!!(7/7*,;/,!$'A$(,-!0,-"""
S((F&(0%2$:5(3&J$#(*%:1$:(0%(.65'5:"1/($(0%3&6):(.5(#5(4G2*'&(6&(4G:(?*(.5(#5(#"1>"'&$.35/(%&(6",&.:&?:&(
\'9&1:(3)()%(=G#9&:(>&1*3*:U(PK&41**(0#*U2$)(>*"1*_/(#*J$(.6).(&$/(?*($(0%3&6):(.5(.&(T"$3&(3)(((9"$?&'&((#&'&U
S((E.).&D(4&#&(A*3)7)'(3)("3B**(B"'9$7*/(.3516*%G%2)J.&('$(61"B$9U(((<"%:*%)5D((m*((#$*(((2&6$1:&D
S((C&()1#5(#*J$(.3".(:)%*3$(2&(,$15/(.6)%&(\'9&1:/(#*J$(2&.3B*.(?'*7)'(?*(LJ$(.3".('$(*,&$'5(6&(P5'(95:1G%_U(
+:5:&$(7&$65%(?*(.&#&7(%&,"*&((#$1&U
PFGJ*(0%$*%:&/(%)(:&("61*/(*J$#(=*.U(F$3GJ#*(3$2&(6&(6*3*"$1&(0#*(1)6&(2&?:&'&D_(c*(9*%&/(3G:($*(3'*6*(.&($6)35(
.5(.&(T"$3&(3)(&'(2&(#$*(#$1&(21$4)'U(C&()1#5($#(1*2*3$:J"(6&(9$%3B&:5(?*(#J$#(.)*:(6&(&$U(0%(9$*$($*$(6'*%5(
2&($9)1*D(0%()1&3B*(%&(25%4G%&$)(3'"6":&'&/(2&(T)1$*(35J*(2)#*%*35U(K*#*3(%)J*(#$*(41"=$,(2&3G:("(
;'*:=#52&'(3$1&(%)(25(2"*(9$%*(6&(]'*B1&1(?*(6&(Z*3:"1*$(]*%$'5(?*(3$1&(,1&$(2"$1(.5(.&(1&4)'&=&U(F)65(3&($(
$2"1#*:/(#J$#(2).(2&=9153$:(.61&(9$153*'&(3"%,$'&.3&%7*'"1U(C&(21)#(#J$#(0%:G'%*:(3)($':$(?*(*J$#(6).J"/(
'*6*7*(2&J)%(6"#D(c1$()%(#&.:&$35%(0%4B&7$:(9"3%5/(3$1&(61"9$9*'(0?*(0%3B*6)*$(35(,&%*.&(61*#5,$1$/(>**%235(
0%#)4)1*.&(3)(2")5(')%*(#$*(2&,1&#&U(C&()1#$($#(3"%.*2&1$:(35($1(>*(%"1#$'(.5(#5("2*B%&.3(6)7*%(?*J$#(
$2"1#*:(9)?:&$%U(c*(9*%&/(#J$(:1&=*:(3*%&,$(3$1&(#5(#$%&,1$(>"$1:&(:$%21)U(\#(2&.3B*.("3B**(J?*($#(,5=):(
2")5($.*.:&%:&(2&('$(3B*1)14*&U(\#(>53):J"(0%(:1&*/(3B*$1($3"'"/(0%(.:*'(4&1#$%/(>1$%7)=&.3(?*(.)&2&=U(Y"3#$*(
%&(61&45:&$#(.J"(6)%&#(?*(3$(T$6"%&=**/(3G%2(%&J$(.:1*3$:(2*.:1$37*$()%(#&2*3(2&(1&4*#&%:/(3)(.,$.:*3*(
'*351*%2)J*(0%("3B*U(K)(?:*)(3&J$)(657*:(3&'&(2")5(7*6&/(2$1(6&(#*%&(#J$)(2&3'$1$:(6&('"3($6:(3"#9$:$%:U(\6"*(
#J$)($1)%3$:(0%(9&3*/($3)=$:(2&(6G%451*1&(1$.*$'5(?*(,*"'U(F&("9*3&*/(:&
(++
0#6)?35(6&%:1)($?$(3&,$D(F$1(f1*&4.4&1*3B:.1$:)'[(?*(3&*(2"*(T)2&35:"1*(#*'*:$1*(3$1&($)(61&')$:(3$=)'(#&)(
%)(61&$(1".:&$)(3)(21$4(P-&*'(-*:'&1D_(\?$(35/(0%('"3(.5(#5(3*)1)*$.35(3)(4'"$%7&/(#J$)(:1*#*.(:1&*(')%*('$(
@&1#&1.B&*#U
\'9&1:(((.&(((:1G%:&?:&(((6&(((.6$:&/(((.3):)1G%2)J.&(((2&(((1G.U
S((<G%2((($#((((*&?*:(((2&((('$((((@&1#&1.B&*#/(((#J$#(((2).((('$(C$2&19"1%((?*((#*J$#(6&:1&3):((%"$6:&$(0%:1J"(
3$.$(2&(1&>$3&1&(6&%:1)(."'2$7*/()%2&(#J$#(3"%."'$:(6)7*%(3)(2")5(>&:&(2&('$(A$1*%5U(8$(.>G1?*:(&1$#(
:&1#*%$:(2&("9".&$'5U(`:*$)(.5(>$35(?*(#$.$T/($?$(35(#J$)(>1&3$:(6&(:"$:&(6517*'&U(I%&*$(0*($:G1%$)(.G%**(6&(
>$7$(#&$(?*(*(.&('&45%$)(0%(.).(?*J%(T".(6G%5(#J$(.3".(2*%(#*%7*U((<&$'$':5((#5((4G2*'$(()%2&,$((#$*(T"./((6G%5(
3G%2(#J$#($61*%.(2*%((%")U(((`*((2&(>*&3$1&((2$:5(3G%2((&1$((4$:$((.5J#*(2$)(21)#)'/(((#5((("61&$)(((0%(
2*,&1.&(((>&')1*U(((\.:&$(((&1$)((($2&,51$:&(61">&.*"%*.:&D(((`*(((3G%2/(((0%(((3&'&((2*%((()1#5/(((#*J5#((2$:((:":)?*(
21)#)'/(($#((.*#7*:((3GJ#*((3$2&((3&1)'((0%((3$6D
S((H61&?:&J:&D(Y$3*(21$3)')*(2*%(4)15D(4G>G*&(A*3)7)'U(F$35(%)/((#5((2)3((.5((1&4)'&=(3$**((#"17*((2&J$>$15U
C"1:$(:"$1%5($65(>*&19*%:&(6&.:&(%*?:&(3$>&$(45.*:5(0%(.&1:$1)'(9*1")')*(((3"#$%2$%:)')*U
S((<$>&$/((#)1#)15()%(61*="%*&1(0#9153$:(0%:1J"()%*>"1#5('*:)$%*$%5U(((F&((()%2&J"((($*W
S((\#()%()%3B*(0%(;1$=*'*$/(?"6:&?:&(3"%>*2&%7*$'(C"1:$U(F*%(3G%2(((0%(((3G%2/(((0#*(((#$*(((:1*#*:&(((?*(((#*&(
3G:&J)%(((.$3U
S((<&(9*%&($1(>*(>".:(2$3J$#(>*($T)%.($*3*(3&,$(#$*(1&6&2&/(.6)%&(((A*3)7)'(((6"."#"1G:/(((61*,*%2(((61*%(
>&1&$.:1$(((.6$1:5U
0%(3$65:)'(3)17**/()%((41)6(2&(>&#&*(0%3"'"%$:&(.&()135(0%(3$#*"$%&'&((6&%:1)(((3$1&(($((>".:(((2&T$(((2&4$T$:(()%(
21)#U
S((K&J$#(((>*(((2*.:1$:(((2&(((#*%)%&(((2$35((($#(((>*((($T)%.(((#$*(2&,1&#&/(1G%T&?:&(\'9&1:(,*.5:"1/(?:&14G%2)J
.&(3)(#G%$('$(4)15U
S((c?:*(((%&9)%(((.$)(3&($*W(\1(>*(()1'$:(?*((.J$1(>*(0#6":1*,*:/(.6)%&(((@1&4"1/(((61&>53G%2)J.&((("1*6*'$:U
S((\1(>*((>".:(?*(#$*(*%3*:$%:D(&X3'$#5(A*3)7)'/('*%4G%2)J?*(9)=&'&((3156$:&((2&((>1*4U
S((Z*"')'(((.&(((6&2&6.&?:&(((3)(((#"$1:&$D(((#G1G*&(((:5*".(((-&*2&/(0%21&6:G%2)J?*(((3&%:)1$(((?*(((:"3)'(
6*.:"')')*U
S((Z*"'W(B"B":&?:&(A*3)7)'U(F$1(3*%&(=*3&(35('&(,*"'5#W(0%:G*('&(1&4)'5#(?*(6&()1#5('&(=9)15#(31&*&1**U(\?$(
.&(>$3&(0%(1G=9"*,
S((C&(((3G%2(((0#*(((>53&$#(((,&$3)'(('$(((@&1#&1.B&*#/((*%:&1,*%&(\'9&1:/($#($)=*:(2&(%*?:&(15=9"*%*3*(3$1&(
$)(#G1'*:(%*?:&(>&#&*(>515(.5('&J%:1&9&U(F)65(3&J$)(:&1#*%$:(3)(&'&/('&J$)(954$:(0%(%*?:&((9$153*(((?*((('&J$)(
$2#*%*.:1$:(3G:&,$((1$3B&:&'&(3$((.5(('*((.&(?:&$145(()1#$U(((Y1&$9$(($(((15.)>'$:((?*((.J$)(6"#&%*:()#>'$7*((2&
S(T)2&35:"1(((#*'*:$1(((2&((3$#6$%*&((T%")"V"
LNv
3"6"*U(c*(9*%&/(95*&7$?D(j0?*(2&.>$3&(#G*%*'&(3)()%(4&.:(&X61&.*,Uk(I':*#$(2$:5(*J$#(,5=):(0%:1J"(2*#*%&$75(3G%2($)(
>".:(2)?*('$(6"'*4"%)'(4&%*?:*'"1(6&%:1)($(61*#*_()%()':*#(?):(0%(>)%2U
S(-$*(.5(.3B*#95#(.)9*&3:)'/(.6)%&(C"1:$/(.)>'G%2(0%(3$>&$U(]515J%2"*$'G(35(3&'(#$*(0%7&'&6:(')31)(&(.GJ7*(6'5:&?:*(
9)357*3$(2&(#)*&1&/(2$35(%)(6"7*(>515/(?*(.5(&,*7*(:"$:&(3"#6'*3$7**'&()':&1*"$1&U
+&($)2&()%(?)*&1$:(0%>)%2$:(?*("(9)3$:5(#$1&(2*%(=*251*&(.&(6159)?&?:&(0%(*%:&1*"1)'(6)?351*&*U(+)%:&#(0%41"6$7*(6&(
T)#5:$:&(3)(3515#*=*(?*(#"1:$1U(E91*3)'(3)(3$>&$(=9"$15(2*%(#G%$(')*(C"1:$U
S((\>$15/((1&6&2&D(((=9*$15(((;5:1G%)'U(((\:$35(((E,$%D
C&(2&$.)61$(3$6&:&'"1(%&(:1&3&("(>'$3515U(I%(:)%($):"#$:('$:15(0%($61"6*&1&$(%"$.:15U(+&(2&.61*%2(9)357*(#$1*(2*%(
6&1&7**($>)#$7*U
A5(1".:"4"'&.3(6&(21)#)'($')%&3".(?*(#5("61&.3(0%:1J"(41"$65(2&("9)=(2*%(3$1&(C"1:$(?*(A*3)7)'(0%3&6).&15(2&T$(
.5(:1$45U(C)?3$J#*:1$'*&15($61"$6&(35(*$(>"3U
-&*2&((?*((\'9&1:(($6$1((>)'4&15:"1U
S((K)(:1$4&7*/(>1$7*'"1D(K"*(.)%:&#D()1'5(\'9&1:/(:1&3G%2(3)()%(((.*%4)1((.$':((6&.:&(()%(((YJdN((2*.:1).U
F$1(C"1:$(3"%:*%)5(.5(:1$45(0%.61&(41)6)'(2&(1)?*(3$1&JL()1#51&.3U
S((H61&.:&J:&("#)'&D(.:1*45(\'9&1:U(Z&3*%**(%&(,G%&$=5(3)(:":(>&')'(((2&((6"1351**D
S((C5*(0%(3*%&(31&=*(35(:1$4/(3*"$15W(#G1G*&(C"1:$/(>*XG%2()%(%")(((0%35135:"1((0%(((6)?3$J#*:1$'*&15U
S((Z&%*7*(0%3"$3&/('&(.:1*4(&)/(>53G%2)J'&(.&#%(3)(#G%$U(E$)(6)?3$J#*:1$'*&15(?*(:1*#*:(>"3(2&($3"6&1*1&(.61&($1*6$(
6)?351*&*(0%(3$1&(((.)%:(((0%:&#%*7$:&(((>&#&*'&U
S((8$(21$3)D(6)>%&?:&(\'9&1:U(Z1&*(.5(%&(3*)1)*&?:*(>)%2)1*'&W(>"3)'(3"%:&%&?:&U(\)=*#(=4"#":(2&(6$?*U(0%(>$7$(
%"$.:15/
65#G%:)'((.&((3):1&#)15(('$((352&1&$(("9)=&'"1U
S((+)%:((($*(((%"?:1*(((.$)(((,&3*%**W((0%:1&$95(((-&*2&(((1)(("((,"3&(?",5*&'%*35U
S((<*%&(((#$*(((?:*&W(((15.6)%2&(((C"1:$U(((H1*3)#/(((B$*2&7*(((.J"(?:&14&#((2&(($*3*D(((E$)((&)(T)351*$((($.:$/((3"%:*%)5(
&'/((0%?>53G%2(6)?3$J#*:1$'*&15(1).&$.35U(Z&3*%*'"1(%)('&(6$.5(3)(3&(>&'(2&($1#&(.)%:((("#"1G7*U
+$1(0%:1J)%(?$%7(?*("9.&1,(%*?:&(.*')&:&('$(3&'5'$':(3$65:U(C"1:$(0%21&$6:5(T)351*$(.61&(&*(?*(4"'&?:&()%(0%35135:"1U(
])4*#($:G:(2&(/J1&6&2&/((2&((6$135(((%&J$1()1#51*((2*$,"')'((0%((6&1."$%5U
8$()%(#"#&%:(2$:/(#5(0#6*&2*3(2&J)%(3$2$,1)U(<52&#(2&J$(9&19&'&$3)'(0%:1J)%($256".:U(\1#&'&(%&(=9"$15(2*%(
#G*%*U(A5(((((h(6"3%&.3((3)((>$7$((2&J"(((#*:1$'*&15((A$X*#/((.:1*3$:5U
LNo
S(((]*1J$1(((21$3)V((($'((21$3)')*D(((Z*%&(((E,$%D(((153%&?:&(((\'9&1:/(>53G%2(("(:)#95/(0%((:*#6(3&((.$1&((3)($4*'*:$:&$(
)%)*($31"9$:U
\):"#$:)'(.5)(0#61"$?35("(1$>$'5(')%45(0%(2*1&37*$()%)*(41)6(2&(1)?*(0#9153$7*(0%(B$*%&($'9&(2&(3$#)>'$T/(3$1&(
.".&.3($'&14G%2(2*%(652)1&U
S((Z&3*%**D(((1$4&(((A*3)7)'U(((;'&.:&#$7**(((2&(((,&3*%*D
S((-$*2&7*(((.J"J%:*%2&#D(((*=9)3%&?:&(((C"1:$/(((1*2*3G%2)J.&(((?*(.5':G%2)J?*(6&()#51(#*:1$'*&1$(1).&$.35U(KJ$#(
%*3*(3&$(#$*(#*35(*%:&%7*&((.5(((#"1((6&%:1)(((])B1&1/(((Z"'^((?*((Z$:31'$%2D
ZG%:)'(.)>'5(:5*".(6&(0%:*%2&1&$(3G#6*&*(?*(6$135(.&(:1$%.>"1#5(0%(>)1:)%5U(Z)*&:)'(%&(0#6*&2*35(.5(%&($)=*#()%)'(
6&(3&'5'$':U(K*3*()%("#(3)(#*%:&$(0%:1&$45(%J$1(.:$(0%(,*T&'*$($.:$(#$*(#)':(2&3G:(&(%&3&.$1U(F$1(3*%&(.&(*%:&1&.&$=5(
2&()%(."'2$:(2*%('*%*$(0%:G*W(F&(>$6:/($1(>*(:1&9)*:(.5(>*(#)1*:(2&#)':(0%4B&7$7*U(@&1)'(%&(#).35(?*(6$1&(35(.)4&(?*(
,*$7$(2*%(%"*U
#4'%,6%,5!!!<$-B7!%,=,($*$/75
R'0!43=$!!.7!*(,;/$!.$!.76%=)3(,./$
C,-.'4(-!&2,g$$Q
3G%:5((C"1:$/(6&(3G%2((%&("2*B%*#(6)7*%(0%(.6$:&'&()%)*(4$12(9*3*)*:((2&(((,G%:U
S((C&%:1)(((%)#&'&(((')*((((F)#%&=&)/(((3&(((>$3&(((#)':J'5)2$:$(*%>$%:&1*&(((4&1#$%5W((159)>%&?:&(((\'9&1:U
S((m$3&((0%((41"6*/(()*:G%2)J.&((3)((3)1)'((('$(((')%$(((6'*%5(U2*%(!).*$/(15.6)%2&(C"1:$/(:1*#*7G%2("(1$>$'5(61&')%45(
0%(6&12&$)$(2&((=56$25U
S((+5(((#&14&#D((.6)%&((-&*2&U
S((C&(:"7*(21$3**/(>1$:&/(2$V(?:*)(35J*(3)#6'*:(2&(>1*4[/(9"#95%&(\'9&1:/((3'5%75%*%2((=4"#":".((2*%((2*%7*U
Y1".3D((Y1".3D((S(3$2(0%(T)1)'(%".:1)("9)=&'&(2&(#"1:*&1U
@"%*#($6'&3$7*(2&J$(')%4)'()%&*(6":&3*(?&16)*:"$1&U(F&"2$:5/(#5(*=9&?:&("(6$'5(2&(,G%:(3$1&(#5(0%,G1:&?:&(?*(#5(
$1)%35(6&.:&(#$14*%&U(!$>$'&(2&(,G%:(:5*".(#5('",&.3(3$(%*?:&(6)#%*U(A5($6)3(2*.6&1$:(2&()%(:56?$%/(2$1(#G*%*'&(
0%#5%)?$:&(0#*($')%&35(6&(.)61$>$7$($3"6&1*:5(3)(4B&$75U(<$2(0%,5')*:(0%:1J)%(%"1(2&(=56$25(?*(2&(31*.:$'&(2&(
4B&$75(3$1&(#5(9*3*)*&.3(?*(#5(0%7&$65(3$(%*?:&(.3"16*"%*U(c(3$(?*(3)#($?(>*(')$:(6&(.).(2&()%(,G1:&T()1*$?U(Y":)'(.&(
1":&?:&(3)(,*:&=5(0%(T)1)'(#&)U(H(>'$3515(7G?%&?:&(0%($61"6*&1&/("19*%2)J#G(3"#6'&:U(I1#&(2&(:1$."$1&(#5(
0%3"%T)15U(+*#:(3)#(3$2('$(%&.>G1?*:(61*%($&1)'(1&3&U(<1*.:$'&(2&(4B&$75(0#*()#6')(4)1$/($#&%*%7G%2(.5(#5(.)>"3&U(
!&$'*=&=(91).3(35(#5(615,5'&.3(3)(3$6)'(0%(T".U(<"6$3**(?*(.:G%3*'&(,*%(.61&(#*%&(3)("(,*:&=5(%&9)%5/(0%3&13(3)(
2*.6&1$1&(.5J#*($#*%:&.3(3&(%&J$)(0%,57$:('$(<&%:1)'(2&(*%.:1)37*&(6&%:1)(')6:$
(+>
2&(4B&1*'5h(P<G%2(<7!6159)?*7*(2&('$("(0%5'7*#&(#$1&/(0%:*%2&7*J,5(91$7&'&(?*(6'$%$7*(3$(65.51*'&_U(F$)(2*%(
6*3*"$1&(?*(2*%(#G*%*/(2$1(%)J#*(6":(.3B*#9$(6"=*7*$(0%(352&1&U(\')%&3(%&6):*%3*"./(4$:$(.5(#5(*=9&.3(2&(
.:G%3*'&(*#&%.&/(3$1&(6$1(35(.&(%56).:&.3(.61&(#*%&U(I1')(0%41"=*:/(.6&1G%2(3$(:":)'(.5(.&(:&1#*%&(3G:(#$*(
1&6&2&U(\:&1*=&=(1".:"4"'*%2)J#5()?"1/(2&(6$135($?(>*(35=):(6&()%(.$3(3)(6&%&U(((I%(#)%:&(0%:1&4(15#G%&(0%(
)1#5U((I1#&$=5()%(?*1(2&(6"#*/(3$1&(:1&3(?*(&*(0%(4"$%5/(0#*(6*&12($&1)'(2*%(6'5#G%*U(+*#:("(2)1&1&(
$1=5:"$1&/(3$("('$%3&(3$1&(0#*(.>1&2&'&?:&(6$1:&$(21&$6:5($(3"16)')*U((A*(.&(0%3&7"?&$=5(61*,*1&$/(0%.5(0#*(
1&,*%(1&6&2&U(+)%:(0%3"%T)1$:(2&(=56$25/(6&.:&(:":(%)#$*(:74-+75!0#*(2$)(.&$#$(35($#($:&1*=$:(0%:1J)%(:1"*$%(
&%"1#U(F&$.)61$(#&$(.&(0%$'75(.:G%3*()1*$?&U(+&(6$1&(35(#J$#(15.)3*:(:":)?*(0%($&1/($#(35=):(0%:G*(*%(6*3*"$1&(
?*($6"*($#($')%&3$:(6&(.6$:&(61*%(=56$2$(#"$'&U(A*J$#(6*&12):($):"#$:)'U(`*(CJdeJ)'U(K)(#*J$)(15#$.(3$(.5(
#5($651(2&3G:(2")5(41&%$2&(3)(6'$.:*3(?*(3)7*:)'(2&(')6:5U(])1:)%$((,)*&?:&(($.)1=*:"1((2&$.)61$((#&$U(((F&(
)%2&,$/((2*%(652)1&/((,*%&((3'5%75%*:)'((.5'9$:*3(($'(()%&*((6)?:*J#*:1$'*&15U
+:1*4(2*.6&1$:/(2$1(&(*%):*'($:G:$(,1&#&(3G:(>)1:)%$(3"%:*%)5U(K)(#J$1($)=*(%*3*(3B*$1(3*%&,$(2&('G%45(#*%&U(
;1).3/(0%3&6(.5(.*#:(>1*4)'(S(:5*"./(%&31)75:"1U(Y1&9)*&(.5(#5(#*?3U(c(*#6".*9*'(.5(%)(#"1*(6&(4&1)'(5.:$(
*%.)6"1:$9*'U(<"6$3**(2*%($61"6*&1&(6'&.%&.3(3)()%(=4"#":($.&#&%&$(0#6)?35:)1*'"1U(K)(2&6$1:&/(.&(U($)2&(
)%()1'&:(61&')%4U(A5(0%:"13($'$1#$:/(,52(%*?:&("3B*(.:1G^*3*%2(0%(0%:)%&1*3(;$!2&.')?&.3(.*')&:$()%)*(')6U(0'(
'",&.3(3)("(31&$%45U(AG1G*&/(2$1(15#G%&(6&('"3U(0#*(.3":()?"1(3)7*:)'(2&(')6:5(2*%(3$1G#9)'(3*=#&*U
P<$15J:&D_(=9*&1(&)/(?>*3B*)*%2)JL(3)(31&$%4$U(+&(0%:"$13&(?*(6'&$35/(0?*(.:1*45()1$(35:1&(#*%&(61*%(6&12&$)$(
61":&3:"$1&($(%*%."1**U
K)J#*($#*%:&.3(3)#($#(*&?*:(2*%($2G%3)'(=56&=**U(!&7*%(2"$1(35(#&14&$#(6&("(6":&35(')%45(?*($')%&3"$.5/(
6&(3$1&(352&$#(0%3"%:*%))U
S(+:$*D(15.)%5()%(7*65:($.3)7*:/(0%(:*#6(3&(&)(#5($256".:&.3(0%(.6$:&'&()%)*(:1)%3B*(2&(3"6$3U(\1)%3()%$(2*%(
41&%$2&(.61&(.*')&:$(0%:)%&3$:5U(m4"#":)'(&X6'"=*&*(.:159$:&(652)1&$U(!).)'(&($1)%3$:(0%($&1/($6"*(3$2&(?*(
15#G%&(%&#*?3$:U
cX6'"=*$($61"$6&(35(#*J$($1)%3$:(0%(91$7&(f$'$?%*^",)'(.5)U(0'(*$)(?*(#5(0%21&6:(0%.61&(&'/(:53):(3$()%(?$16&U(
\1&($92"#&%)'(.>G1:&3$:U(F*%(3$)=$(4&1)')*/(.G%4&'&(*J$(0%4B&7$:(2&T$U
\6"*(0*(,52(?*(6&(3&*'$'7*(6$:1)U(I3*?*(3)(:"7**(2&(>"3)1*'&($):"#$:&'"1U(c,*2&%:/(35=).&15(0%:1J"(3)1.5U(H#)'(
6&(3$1&(LJ$#("#"1G:(>).&.&(.*%4)1)'(3$1&(.356$.&U(F$35($1(>*(:53):(?*(.J$1(>*($.3)%.(2)65()%(3"6$3/(&)($?(>*(
>".:($3)#(3&'(#"1:U(C1"9$9*'(35(&1$(0%%&9)%*:(2&(>1*35U(K)(&(61&$($#)=$%:(.5(:&($>'*(0%:1J"(LNÅ
652)1&(0%:)%&3"$.5(?*(0%4B&7$:5/(61*%(3$1&(9G%:)*&(:":(>&')'(2&()3*4$?*(2&='5%7)*7*U
C515.&.3(6":&3$(?*(#5($>)%2(0%(=56$25(61*%:1&(3"6$3*U(\#(61&45:*:(f$'$?%*^",)'(?*(.)%:(4$:$(.5(:1$4(0%("1*3&(
#*?35U
I%(91$7(0#*(0%'5%7)*&(9&1&4$:$(?*J#*(:$*&(1&.6*1$7*$U(I%(3)7*:(2&(')6:5(0#*(0#6)%4&(4G:)'U
S((H(.*%4)15(#*?3$1&(?*(&?:*(#"1:/(]1*:=D(#G1G*&("(,"3&(0%(1).&?:&U
+)%:(3"#6'&:(6$1$'*=$:/(0#*(0%4B&$75(.G%4&'&(0%(,*%&U(<)7*:)'(#5(0%7&$65(2*%(3&(0%(3&(#$*($2G%3U(\?:&6:(
.>G1?*:)'(*%&,*:$9*'U(<)("(#*?3$1&(1$6*25/(0#*(,$(:5*$(9&1&4$:$U
\)2()%(B"B":(2&(1G.U(C1*#&.3()%(4B*"%:(0%(.6$:&(?*(3$2(3)(>$7$(0%(=56$25U
S((Y&J$#((.6&1*$:/((%)J*(($?$W((1G2&((C"1:$U
+)%:($:G:(2&(0%>)1*$:/(0%3G:(0#*(,*%&(.5JL(6"3%&.3U(\6$1(61*%:1&(6"#*(A*3)7)'(?*(\'9&1:U(1G%T*%2(0%3G%:$7*U(\)(
*#61&.*$(35($)(>53):("(4')#5(>"$1:&(9)%5U
S((\*(%"1"3(35($*(2$:(6&.:&(%"*/(.6)%&(C"1:$U(\3)#(6"$:&(:&J$*(0%,57$:(#*%:&(.5(#$*()#9'*(61*%('"3)1*'&(
$.:&$(2&(6$135($1(>*(,1&#&((2&((6$3&U
S((Y$3*/(((:G#6*:)'&D((((#G1G*(((&)(((%&1,V"./(((1*2*3G%2)J#*(f$'$?%*^",)'U(((8)$J,J$1(21$3)VU(((#J$7*((.6&1*$:(
0%41"=*:"1D
S((Y1&9)*&(.5(>**(3"#6'&:(7G3%*:(.5(9G%:)*(61*%:1J"(652)1&(3"#)%*.:5(0%(6'*%(15=9"*/(0#*(1&61"?&$=5(A*3)7)'U(
C"$:&(%)(?:*$*(35((,&3*%**((%&((3*)1)*&.3((>)%2)1*'&((2$35((%&((61*%2D
S((-$*2&7*((.5(6'&35#(($3$.5/((B":515?:&(((C"1:$U
C1*%(P$3$.5_(0%7&'&4&('*%*$(0%:G*($(>1"%:)')*/('*(0%:G'%*#(6&(.)61$,*&7)*:"1**(3"#6$%*&*(2&(0%2$:5(3&(:1&3&#(2&(
.$:)'(1)*%$:U(H9&1'&):%$%:(8"R&(&(6'*%(2&(.G%4&(?*(,"19&?:&(61*%:1J"(#*35(4$)15($(9$%2$T)')*(3)(3$1&(&(
0%>5?)1$:(2*%(3$6(6G%5('$(6*&6:U
0%3"'"%$7*(6&()%(.*%4)1(1G%2/(#51?5')*#(6&(4B&$7$('$3)')*U(<&*(1G#$?*(0%(,*$75(:1&9)*&(.5(.&($2)%&('$(
;$*^$%.^*U
<)(9)=&'&(.:1G%.&/(H9&1.:(-*%^$(61*#&?:&(1$6"1:)'(2&(E$(3"#$%2$%7**(2&(3"#6$%*&U(F&"$1&3&(>"3)'(2&(
$3"6&1*1&($'($1:*'&1*&*($(0%:G1=*$:/($,&#(6*&12&1*(#$1*U
P<"#6$%*$($(v/J$h(LM("$#&%*/(1$6"1:&$=5(H9&1'&):%$%:(8"R&U(Me(#"17*/(do(15%*7*/(vL(2*.651)7*_U(<G%2(.6)%&(
P2*.651)7*_(.&(1&>&15('$(3&*(3$1&($)(>".:(=21"9*7*(3"#6'&:(?*('$(3&*(')$7*(61*="%*&1*U(c($61"$6&(*#6".*9*'(.5(.&(
#$*($>'&(,1&"2$:5(3&,$(2&.61&(&*U
+&($)2&()%(=4"#":(0%>)%2$:U(bI%(?)*&1$:(61&')%4/(?*(0%(#*T'"3)'(%".:1)(&X6'"2&$=5("(.$',5/(0%(3G:&,$(3'*6&/(
;$*^$%.^*(&(3)61*%.(2&(>'5351*U
I%(6*3*"1(.:G'3*:/(2&(3$1&(.&(#$*(7*%&(0%35(3*=#$/(#5('",&?:&(0%(.6*%$1&(?*(#5(251G#5U
(+'
S(('&J:&J:&D(>$3&(\'9&1:U(<1&2(35(:*6)J5'$(&1$(.)651$:(1G)(6&(:*%&/(((2*%(((#"#&%:(((3&(((?*J$((($1)%3$:(((0%:1&4(
6*3*"1)'(((3$(((.5(((:x(6"3%&$.35D
\'&145#(61*%:1&(>'5351*(?*(:1$4&#(1$>$'&(3G:(#$*(2&.&(!)?**()1#&$=5("(:$3:*35(6&(3$1&("(>"'".&.3(>"$1:&(2&.U(I%(
$:$3(2&($1:*'&1*&(%&$?:&6:$:(?*(,*"'&%:/()1#$:(2&()%($':($:$3(.).7*%):($'(*%>$%:&1*&*/(3$1&(%&J$(')$:(61*%(.)161*%2&1&(0%(
$61"6*&1&$(6"=*7**'"1(%"$.:1&U(F&("9*3&*/(0*(6):&#(1&.6*%4&(3)($1#&'&($):"#$:&/(2$1(2&(2$:$($.:$(&U(3)(:":)'(
$':3&,$U(K&(.)%:V.)6&1*"1*(%)#&1*3(?*(3"%:*%)$(.5($:$3&U(K&(1&:1$4&#U(Y1&3&#($(2")$("$15(61*%(;$*^$%.^*/(B517)*7*(
2&(>"3)'(#"1:*&1&'"1(?*($'($1)%35:"$1&'"1(2&(41&%$2&U
S((F)65(#*%&D(.:1*45(;5:1G%)'/(1*2*3G%2($):"#$:)'(2&$.)61$(3$6)')*U(
]

LF-$!4(,.'.!+,!3($*,5!-0!8%<7B-/!*,!,!03-(/,-5!)-!3!<@(./7!)-!*-(,!0-$!=$(,.*!,!.7!%,!*3%.$+,(70 !
%,0'($/3($">
CU(((<$6):"
J3(/-!8;$!.*3-/,!J6Sn6')!+$%!/3*!;$!.,!8%+(,-4/7!4(,*-'/!.4(,!';-!4($%*$4-)75!*-(,!,!4,!9'07/-/,!+,.*2$.7"
S((C'47!/$%,5!8$!4(34'%,!,)!F$*'B')'$5!;$6$!=-*,!)3*5!43)$/$*3."
S((R(,:$!*7!-0!*-4')!'04)'/!*'!A7),&-(!('.,.*Q!($43./,-:7!F$*'B')"!!m'4/!+,0')/!8%!(7:A3$')!7./-!;$!-0!
8%<7B-/5!!*'!-%$!8%!'(075!*7!%'!/(,A'$,!.7!/(,*$!%$*$3+-/7!4($0')!4,63!';7!+,*@/!+-*7!<(,$!.7!-$!4-(/,!!+,!!3 !
03-(/,!!.$&'(7"
S((m-!+(-*')!8%9'(7!J3(/-"!!!E!-./=,)!+,!';7!43-/,!-.*'%+,!0')/,!.'(4($:,"!!C,!,D,04)'5!!8%!.4-/,),!,$!43/!
./-!%$;/,!/$*7)3;$5!&-/-6&-/-!.76$!:A3-(,!*(,$,($$!*'!'%!M6Sq!/$4')'$!*-(,!-(!=!$!.'=$*$,%/!+,!4(3./!*-!.76;$!A-&,!
*-4')!8%7'%/('"!1$(6-(!-!+(-*')'$!+,!/(,-A75!03(07$,!,)5!%74'./$%+'6.,!4,!';7"!T8%*,4,!.7!/(-&7!8%!/3-/, !
47(B$),!8%-$%/,!.7!*-+7!4,!43+,-"V!N'!,!%$0,%$!8%7'%/('P!T#,!(3./3&3),;/,!;$!/(-&,!'%!&)3%B!4($%/(63!-)/7 !
';7"V!!W3-)7!4(,*'0!*-4')!'%'$!43)$/$*$-%5!./($&7!,)5!/(7&@%+!-/,%/!*'!3*2$')!4,./,!0-(&$%,-!0,.,$"
e!!K$!+(,4/-/,5!(-&,!F$*'B')5!$%/(@%+!*-!3!<$9,)$,!8%!23)"!M(-&,!3!!(-=-)7!.*'(/7!4($%/(63!!';75!!!+,!!+(-&')!
-4-(,%B,)3("
#'%/,0!4,!*-),!.7!+,.*2$+,0!/(-4,),!8%!*)$4-!8%!*-(,!(7.'%7!(747$/')!'%'$!-'/30-/"!s7(A-/')!*-(,!<$%,!8% !
='&7!4,!4-)$,(!+$.4-(,!8%/(63!,D4)3:$,!+,!4$*7/'($!(3;$$"!R-4')!8$!:A3-(7!*-!3!47)7($,!.'=)-/7!+,!<@%/"
J($0')!*-(,!%7<7),;/,!4,!/(,4/,!8%!93.!,!F$*'B')"!R'!'%!.-)/!4,%/('!*-(,!)6-(!=$!$%<$+$-/!;$!-/),B$$!+,!)-!
x3*'($),!E)$04$*,5!-/,($:,-:7!+$(,*/!8%!U'A,)"!J3(/-!8)!'(0,-:7!*'!3!<$/,:7!*,!%'!4-(,!*'!0')/!0-$!0$*7 !
+,*@/!*,-!-!)'0$%$$"!#,!-='%+7!*'!*-4')!8%!93.!4,!)3*')!+,!)-!<3)-%"!o(07($/!+,!4($<$($),!.'(4($%.,!-),!
*30-%+-%B$)3(!+,!/-%*!(';$!;$!&,(0-%$5!*-(,!-'!$,;$/!+$%!/'(,),!4,%/('!-!<,+,-!*,!.,!8%/@04)75!.,!8%+(,-4/7 !
;$!/(-&,!4($%/(,!/-%*'($),!+$%!=-B7"
LvL
&'4'2+(%%&'%%+567/(
+G%4&(3$'2(6*3)15(6&.:&(#*%&/(:"6*%2)J#*(=56$2$(2&(6&(>$7$U(\#9&'&(6*3*"$1&(*J$)(>".:(1&:&=$:&(2&('$(4&%)%3B*U(
F&($3"'"(3)14&(.G%4&'&U(8$(>*&3$1&(#*?3$1&/(0#*(,*%&(.5()1')(2&(2)1&1&U(F)65()%(:*#6/(1&)?&.3(.5J#*(.3":(3$6)'(
2*%(3$.35(?*(.GJL(15.)3&.3(0%:1J"(6$1:&(0%($?$(>&'(0%3G:(?),"*)'(2&(.G%4&(3&(.&(.3)14&(2*%(:1)6)'(2&(2&$.)61$(#&$(.5(
%)(#5(#$*($:*%45U
C"1:$(=$3&(2*%3"'"(2&('5=*'&(4"$'&(2&(#)%*7*&/(4B&#)*:(3$()%(3G*%&U(\'5:)1*(2&(&'(.&($>'5(;$13&'"%$/(3)>)%2$:(0%:1J
"(9$':5(2&(.G%4&/(0%(.3)1:(:*#6(0*(2&.3"651(6&(:"7*U(A*3)7)'(.:5('G%45(\'9&1:/(6&(15#5?*7&'&($(3&&$(3&(>).&.&(3G%2,$(
:)1&'$(:$%3)')*U(y&$,$(:)%)')*(&1$(2&.>53):5(3$("(3"$T$(2&(9$%$%5U
S((F$6-B!=$!+3($/!.7!=$'!&7$%75!3G%:5(\'9&1:(154)?*:U
K)J#*($#*%:&.3(%*#*3(2*%(3&(.J$(0%:G#6'$:/(3)(&X3&67*$(>$6:)')*(35(65#G%:)'(651&$(.5(.&(>*(2&.3B*./(?*(.5(.3)*6&(
>"3(?*("7&'U
I%(-$)6:#$%%(31*.6$:(0?*(>$3&('"3(61*%:1&(15#5?*7&'&(3$2$,1&'"1U(AG%$(0%(3$1&(7*%&(A$).&1)'(0*(:1&#)15U(F5(
"12*%&()%"1(:1)6&(6&(3$1&(%)('&(#$*($1&U
F*%:1J"(4$)15($6$1&/(3$()%(.6&3:1)/()%(61&":(0%(3$6)'(4"*U((((((V(;"'9"1".&?:&(3&,$(2&(%&0%7&'&.(?*(*=9)3%&?:&(0%:1J)%(
B"B":(2&(1G.(*.:&1*3U
S((C*&*(2*%("3B**(#&*/(.$:$%5D()1'5(-$)6:#$%%)'(?*JL(0#6)?35(6&((61&":((21&6:((0%(((3$6U
!G=G%2(=4"#":"./(.&(0#6'&:*3&?:&(61*%:1&(3$2$,1&(?*(61*%:1&(15%*7*U(K)("9.&1,5(YJdNJ)'(3$1&(.&(*,&?:&(2*%(.6$:&'&(
)%&*(#",*'&(?*(.&(0%21&$6:5(2)2)*%2(.61&(&'U(c($1)%3$:(0%($&1(?*($:&1*=&$=5(3)()%(:1"%.%&:(.)12(6&(:)1&'5U(\6"*(
$')%&35(61*%(.6$:&'&(:$%3)')*(?*(&(.:1*,*:(.)9(?&%*'&'&()1*$?&U
S((I%(&2,(0-%.[$!#$*(6)7*%/(1G2&(3"%2)3:"1)'(2&(:$%3/(0%(3'*6$((0%((3$1&(0?*((25(.&$#$(35((-$)6:#$%%)'($(>".:(
.:1*,*:(.)9(?&%*'&U
;5:1G%)'(.&($6'&$35(2&$.)61$(#&$U(<$.3$(0*(&(.>G1:&3$:5(?*($1$:5(3$("(3):*&(2&(3"%.&1,&(2&.>53):5U(+3B*T$($(65:1)%.(
61*%(6$1:&$(2*%(.6$:&(?*($(*&?*:(61*%(>$75U
c(%")'(:*6(2&(3$.35(61*%(3$1&(.3B*T&'&(%J$1(:1&9)*(.5(65:1)%25U
S((Y15*&?:*/((=G#9&?:&((&'(()?)1$:((?*J#*((?:&14&(.G%4&'&(2&(6&(>$75U(((I%2&(((&?:*(((15%*:W((K)(((31&2(((35(((&?:*((('",*:(
'$(((3$6U
0*(((>$3((.&#%(((.5((.&(()*:&((0%(((.).U
S((c(((.G%4&'&(((')*U00000000000000000000000000000000000g(UViJVUU
bb(F$U((c*/(%)(:1&9)*&(U.5(%&(9$:&#(3$6)'(3)($.:$/(1".:&?:&
;5:1G%)'/((3"%:&#6'G%2(('&?)'((>515((6*3*"$1&(3$1&($:G1%5(2&(6&
41*%25U
bb(<1&2((35(((#J$)((%*#&1*:((0%(((#$7&/((.6)%(((&)/((.31G?%*%2((2&
2)1&1&U(((F1$3&/((%)(((#5((6":((#*?3$/(((#5(((2"$1&((0%41"=*:"1D
S((8*%*?:&?:&J:&/(0#*(.6)%&(;5:1G%)'/(9G:G%2)J#5(6&("91$=U(K*3*"2$:5(((%)J*((($?$(((41$,((3)#(((31&=*U
S((<&((('*(((.J$(((0%:G#6'$:(((3&'"1'$'7*W(((0%:1&9(((0%41*T"1$:U
S((\)(2$:(?*(&*(2&(9&'&$/(15.6)%2&(;5:1G%)'U(<1&2(35(\'9&1:($((0%%&9)%*:U((<G%:5((:":((:*#6)'U
H9)=)'(%&J$(%*#&1*:(0%(6'*%U(C&(#*%&(#J$($=,G1'*:('$(3G7*,$(#&:1*(2&651:$1&U(E%>$%:&1*?:**(2*%(>$7$(%"$.:15U$)(>".:(
>53)7*(61$>U(KJ$(#$*(15#$.(%*3*()%(%$.:)1&(0%()1#$('"1U
S((C*3*"$1&'&(#&'&(#$*(.)%:('$('"3)'('"1W(0%:1&9(&)(0%41*T"1$:U(K)(('&((.*#:(($9."'):((2&'"3U
S((F$/(0%35(.&(#$*(7*%(2&(1&.:)'(3"16)')*/(=G#9&?:&(;5:1G%)'/(j0?*($61*%2&(6*6$(3)(35653&'(2&($14*%:(?*(.)>'5()%(%"1(
$'9$.:1)(2&(>)#(61*%($&1)'(0%4B&7$:Uk(+:1$?%*3($*(#$*(=9)1$:D(0%3&$135(.5(.:$*(%&#*?3$:/(2&?*(,$(:1&9)*(.5(6'&35#(
6GV%G(.5(%&($T)%45(,&3*%**(2*%
)1#5U
S((F1$3&D((4&#&(;$13&'"%$(0%41"=*:U(\#(95:):(?*('$(6"17*'&(1$*)')*(?*('$(3&'&($'&(*$2)')*/(2$1(%)(#J$)(61*#*:(
%*35*&1*U(<)#(&(6".*9*'W(((K)(((#$*(((61*3&6(((%*#*3U
S((8"4*3/(#)1#)15(C"1:$U(+&()*:5('$(@1&4"1(3$1&(&(0%3G'3*:(0%((.G1#$((4B*#6$:5((?*J*((,"19&?:&((3$2$,1)')*((()%)*(
1).U
F*%(652)1&($6$1&("(3"'"$%5(2&(*%>$%:&1*?:*U(I%(H9&1>&'2R&9&'(%&(61*,&?:&($31)U
S((\15:$7*(2&(6$135($7*($,&$(3G:&()%(4'"%7(?*J%(>)%2/(?*J%(J#$7&/((3"#&%:&$=5((&'/((4$:$((.5((6'&3&((>515((.5(((%&(
$T):&U
S((8)$7*J%&(3)(,"*/(.:1*45(;5:1G%)'U(K)(%&(6):&#(2&.3)13$(.*%4)1*U
S((;*%&U(K)(#$*(')%4*(,"19$D(#G1G*&(H9&1>&'2R&9&')'(3)()%(1G%T&:(3*%*3U(Z1&*(.5(>$3*(6&(#$1&'&(?&>W(0%(3$=)'(
5.:$/(.5(?:**(35(.)%:&#((2"*D
S((<*"3)V(#*3/(.&(1&6&2&(;5:1G%)'U(K&(')$7*(3)(,"*D(F$35(%)/(2$)(&)(2&(:*%&("2$:5(?*J"2$:5D(H(.5(>*&(,$*(2&(,"*/(
,$*(2&(>)%2)'(:5)D
S((+J"(((31&=*(((:)/(((*=9)3%&?:&(((0%(((1G.(((H9&1>&'2R&9&')'U(((K"*(.)%:&#()':*#**D(I%(>&'(2&($1*&14$125D(F)65(%"*(
,*%(,&3*%**(?*("(.5(,5(#$=*'&$.35(6&(:"7*U(H1*3)#/($=*(.)%:(0%:1J"(6$.5(9)%5/($?$(35("(.5(,5(')5#(3)(%"*U(F$1(%)#$*(
6G%5(3G%2(.&($61"6*&(,&3*%**U(C&(()1#5/((6$((?*((6)?*/((95*&7*D(((\2)%$7*J*(6&(615652*7**(5?:*$D(('&("12"%5(&'(
"$#&%*'"1(.5*U(F$35(#"$1&(,1&)%)'/(0'('5.$7*(6&(21)#D
S((<&('&45:)15(($,&#(%"*((3)(1$B$7**(5?:*$W(61":&.:&$=5()%
LvO
Lvd
I%:&1">>*=*&1(0%3","*$:(.)9(6",$1$()%)*(1&=&1,"1(3)(3"#9).:*9*'(6&%:1)(($1)%35:"1)'((2&((>'5351*U
S((0%3B*2&((9":)'/((#G1G*&(($41&.*,((H9&1>&'2R&9&')'U(((A*?35D
S((K)J*(6):&#(')$(6&(:"7*/(.:1*45()%(@&>1&*:&1U(<G7*,$(:1&9)*&(.$(15#G%5($*3*/(?*(.5(.6&15#(35(E,$%(,$(>*(0%(
:"$%&(9)%&(3G%2(,$
2$((2&((&*D
S((<&*(15#$?*(0%()1#5(,"1(>*($9$%2"%$7*/(B":515?:&(.3)1:
H9&1>&'2R&9&')'U
K&(1*2*35(3)(91):$'*:$:&/(>515(.5(*$(0%(.&$#5()1'&:&'&(%"$.:1&U
I%(8&):%$%:(:G%51/(15%*:(.)6&1>*3*$'/(2$1(&6)*=$:(2&(2*=&%:&1*&/(0*(*#6'"15(.5JL(*$(3)(&*U(8&(">&15(21&6:(6'$:5(
)%(3&$.(2&(#G%5(?*()%(6"1:J7*4$1&:(>"$1:&(,$'"1"./(6&(3$1&()%(H9&14&>1&*:&1(0'(3G%:51&?:&($:&%:(0%(6$'#5(?*(
$6"*(0'(9$45(0%(9)=)%$1/(0#61&)%5(3)()%($':(*%./(0'(0%?>$35(6&(8&):%$%:(?*JL(:1$4(2)65(&*(3$(6&()%(.$3(3)(
3$1:">*U
S((F"$#%&/(((0%(((3&(((B$'(((.&(((3$3$/(((.6)%&(((H9&14&>1&*:&1)'(2&=4).:$:/(61*,*%2(3)#(8&):%$%:)'(0#61"?35(
)%('*3B*2(4$'9&%
6'*%((2&((.G%4&U
S((C):&((3$((9)2$((*$2)')*/((6)>%&?:&((3&'5'$':((."'2$:U
S((0%(3$=)'(5.:$/(%J"(.5(657*7*(%*#*3D(1G%T&?:&(A*3)7)'U(Z"*(2"*((%)((.)%:&7*(($':3&,$((2&3G:((%*?:&((3'".&:&(
$#9)'$%:&D
S((c(((#"'*6.*:"1/(((%)W(((0%:1&$95(((H9&14&>1&*:&1)'(((#G%T*:(((3)
&X31&#&%:&U
S((]**(.*4)1(35(&.:&/(15.6)%2&(C"1:$(&%:)=*$.#$:U((CG%5(.5(#"1*(((2&((2*=&%:&1*&((?*((:*>"./((:&((=,G13"'&?:*(
2")5((.56:5#G%*(((0%($4"%*&U(((<)#6'*:5((#"$1:&D
S((K&%"1"3*:)'&D(0%T)15(0%>)1*$:(H9&14&>1&*:&1)'(0%(#"#&%:)'(0%((3$1&(:G%51)'(">*7&1(25(21)#)'(()%)*((%")(
,$'(2&(2*$1&&U(\('&?*%$:((?*(((B"135*&(((3$((()%(((#)1*9)%2U
S((K)JL(((6):&#(((4"'*(((3)#,$W(((0%:1&$95(((."'2$:)'/(((61*,*%2
%&'*%*?:*:((0%((T)1U
S((-$*2&7*((.5JL('",*#(2&()%(3"6$3D(.6)%&(H9&14&>1&*:&1)'/("61*%2)J.&((0%4G%2)1$:U(((C"$:&((*&.&((:":)'((2*%(
&'D
S((C):&#(0%3&13$/(1G%T&?:&(3*%*3(3&'5'$':U(H1*(0'(,*%2&35#/("1*(#"$1&D(((F$35((0'((4"'*#/((.&((,$((.*#7*(((#)':(
#$*((9*%&D
E=9&.3((:1)6)'((*%&1:(($'((">*7&1)')*((2&(()%((3"6$3U
S((K&#&1%*3*'"1/((("(((.5(((6'5:*7*(((6&%:1)((($.:$D(((=9*$15(((>)1*".
J((((;5:1G%)'U
S((@)1$D((($#&%*%75((H9&14&>1&*:&1)'/((61*,*%2)JL((3)(()15U(E%:15(0#9)>%$7*(0%(3"'"$%5/(:154G%2)JL(6&(
8&):%$%:(2)65J(&*U
KJ$T)%4((0%.5((61&$(2&6$1:&((?*((0?*((2$)(((.&$#$((35((&((#"1:U
F)65(((3&((($1)%35(((%&65.5:"1(((3$2$,1)D((((0%:1J)%((((?$%7U(h((((((H9&14&>1&*:&1)'(((.&((0%21&$6:5(($4$'&((.61&(
H9&1>&'2R&9&')'((3$1&(#51?5')*&?:&((0%((>1)%:&$((41)6)')*U
LvN(((((((((V000000000000000000000000000000h(((((((U
bb(8&):%$%:)'((($(((>53):(((6&(((&'(((6G%5((($(((2$:((("1:)V(((6"6**/
h(1$6HpJ:&$=G(&'(1)?*%$:U(\3)#(&(.).('$(C"6":$(!$*)')*(?*(T"$35
9$19):(3)((+>G%:)V(((C&:1)D
S(\1(>*(:1&9)*:(.5(#5(4G%2&.3(35(,$(#)1*/(.:1*45(H9&1>&'2R&9&')'(&%&1,$:U(K)J*(2&(#*1$1&/(2)65(3)#(,J$7*(
6)1:$:(3)(&'U(F$35(#$*(>$3&7*(,1&"2$:5($?$(3&,$/("(.5(6'5:*7*(3)(3$6)'D
0%7&'&.W
K&('$.5('$('$=$1&:)'(2&(3$#6$%*&/()%2&(#)'7*($'7**($T)%.&.&15
0%$*%:&$(%"$.:15U(K*3*(%)(.&(.*%3B*.&.3(.5(%&(*$(0%(&,*2&%75U(m*)$(.&(:1$%.>"1#5(0%(%"$6:&U(I%*:57*(2*%(:"$:&(
$1#&'&(.)%:(0%(3"%:*%)5(:1&3&1&U(Y1&*(CJN(3$#)>'$:&(0%($'9(.".&.3(B)12)35*%2U(\')%&35(0%:1J"(6$1:&(?*J%($':$(
6&("4'*%2$(21)#)')*U(I%(3$2$,1)(0%4B&7$:(.&(.>51G#5(3$(.:*3'$(.)9(?&%*'&'&(61*#)')*(:$%3U
S((8)$7*J%&(3)(,"*/(=9*$15(C"1:$/(>53G%2)J'&(.&#%&(2*.6&1$:&(3)(#G%$U(8)$7*J%&(3)(,"*D(+)%:&#(2*%(F*,*=*$(
o(C$%=&1U(Z5=).&(6*3:$:(6&(:$%3)1*(.&#%)'(F*,*=*&*((n((C$%=&1(S()%(Ö((4$'9&%U
Y1&3(6&('G%45(%"*(>515(.5("61&$.35U(<"#$%2$%7**(.:$)(0%(:)1&'&/(0#9153$7*(2&(.).(6G%5(T".(0%(B$*%&(2&(6*&'&U(
K*3*(#53$1(%)(.&()*:5('$(%"*U(+)%:(61&"3)6$7*(.5(>)45(0%(:*#6():*'U
S((`*($.:$(.&(3B&$#5(6&1&3B&$(2*,*=*&*(%"$.:1&/(.6)%&(C"1:$(3)($#5153*)%&U(K)(,5(>$3&7*(61"9'&#&/(
3$#$1$=*D(@5.&.3(&)(6&
3*%&,$((.5((%&J$T):&D
S((0?*(*$)(:"7*((6*3*"$1&'&('$(.6*%$1&/(3"#&%:&$=5(;5:1G%)'U(Z&3*%**(,"1(>*(*#&2*$:($*3*(?*J*(,"1(3)157$(6&(3&*(
3$1&(15#G%(0%
)1#5D
S((+$'):$1&/(((:$*35/(((?*(((%"1"3D(((c(((41"$.5(1(:1&$9$D((($1)%35
A*3)7)'/((:)?*%2((3)((2*.61&7U
K"$6:&$(:G1=*)/()%($.*.:&%:(.$%*:$1(T&16&'*:/(()1#$:(2&(2"*(">*7&1*(#&2*3*(.".&.3(0#6'&:*3*%2)J.&(61*%:1&(
?*1)1*'&(2&(#)1*9)%=*(U((((?*(15%*7*U(F*%(3G%2(0%(3G%2(.&("61&?:&(?*(.&($6'&$35(2&$.)61$()%&*(:514*/((6":1*,&?:&(
9$%2$T&'&((?*((25((1&.&#%$:((2*%(()#&1*U
I%(+$%*:5:.J]&'2R&9&'(%&(>$3&(>*&351)*$(2*%:1&(%"*(3G:&("(*%T&37*&U((+&((#*?35(($.&#&%&$(()%)*((1"9":U
S((Y&:$%"./(((#)1#)15(((&'/(((0%21&6:G%2)J.&(((35:1&((()1#5:"1)'
15%*:U
S((I%2&J*((>*&15.:15)'((2&(("$.&W(0%:1&$95(A*3)7)'U((KJ$)((2&(4G%2(.5("6&1&=&W(c)($#(0%(#*%&(T)#5:$:&(2*%(
6')#9**(15=9"*)')*
5.:)*$U
S((+5("6&1&=&W(K*3*(,"195(2&($?$(3&,$D(1G%T&?:&()%(.$%*:$1U(H(.GJ*('5.5#(6&(,&3*%*(.5(>$35(3B&.:*$($.:$U(K)(
#$*(2)1&$=5(#)':
6G%5(($6$1D
S((A5%G%3*(((1$B$:/(((6"13(((4&1#$%D(((=9*$15(((>)1*".(((A*3)7)'/
$1)%3G%2((2)65((&'((3)(("((9)3$:5((#$1&((2&((4B&$75U
I%((4&%&1$'J#$*"1/(3)(>$7$(0%41"6$:5(0%(9$%2$T&/(,*%&(2*%(2*1&37*$((()%&*(((3'52*1*U(((+:1G%4&(((."'&#%(((#G%$(
)%)*(((#&2*3(((2*%
+:$:)'JA$T"1U(+&(.$'):5(1&3*61"3(?*J?*(6"3%&.3(35'3G*&'&U(@&%&1$')'(.&()135(0%:1J)%(f**9&'/(3$1&(2*.6$1&(0%:1J)%(%"1(
2&(=56$25/(4$:$(.GJ*('",&$.35(2*%(6'*%5(,*:&=5(6&(3G7*,$(2*%:1&(3&*(15%*7*U
S((@&%&1$'**(((9)%*(((?:*)(((.5J?*((($6&1&(((6*&'&$/(((1G%T&?:&(((C"1:$(9$:T"3"1*:"1/(((0?*(('",&?:&(*%:&1*"1)'(3":)')*/(
1*2*3G%2(0%(($3&'$?*(:*#6((6)#%)'((S(3'$.*3)'((.&#%(($'(()%&*((0%T)15:)1*((%&1".:*:&U
<G7*,$(3"'"%&*(#&2*3*/(0#9153$7*(0%(B$*%&(2&(9'$%5(?*(3)(.&1,*&:&(0%(#G%5/(6515.&.3(0%(4"$%5(3'52*1*'&/()13G%2)J.&(
0%($#9)'$%7&'&(3$1&J*($?:&$6:5(3)(/#":"$1&'&(6"1%*:&U
S(((<&(((:53&#(((3)(((15%*7**W(((0%:1&$95(((%&.*4)1((()%(((+$%*:5:.J]&'2R&9&'/(.$'):G%2(61".:&?:&U
S((C"7*(.5(15#G*(3)(&*(2$35($*(3B&>/(0*(.)4&1&$=5()%(3"'"%&'(#&2*3(((0%351)%7*:/(((1G%T*%2(((#$'*7*"./(((0%(((3'*6$((0%(
3$1&((.&(()135(0%:1J)%(((f**9&'(($'((<1)3**((!"?**U
<"'"$%&'&(2&(."'2$7*(3$1&(:1&3(6&('G%45(%"*/(3$(?*(3)#(*J$1(#G%$(2*$,"')'(2*%()1#5/(.&(.)97*$=5(:1&6:$:U(Y1&*(
6"'*7*?:*(#*'*:$1*(2&(3$#6$%*&(3)(*%.*4%$(,G%5:"1*'"1(2&(3$6&:&(0%(6*&6:(0?*("61&.3(#":"3*3'&:&'&(;AQU(C)?:*'&J
#*:1$'*&15(2*%($:$?(.)%:($7*%:*:&(.61&(%"*/(3$(2*%(0%:G#6'$1&U(I%(+:$9.>&'2R&9&'/(3$1&(.&$#5%5(*=9*:"1(3)()%(')6(
$'.$3*$%(0%:51G:$:/(%&(61*,&?:&(6&(.)9(#$14*%&$(35?:**U(K&(#5."$15(2*%(3$6(6G%5J%(6*3*"$1&U
S(((F&((((3&(((%$*9$(((.:$7*((($3"'"(((3$(((9"'",$%**W((('$:15(((J&'/(2&=,&'*%2)J?*(2*%7**(0%45'9&%*7*((2&((%*3":*%5U((+).(3)(
,"*/(6"13*(6):)1"?*(((3&(((.)%:&7*/(((.$)(((,5(((3)157(((U6&(((:"7*D(((j0?*(((0%21&$6:5($):"#$:)'(.61&(3&'(#$*($61"6*$:(
2*%:1&(15%*7*/(3$1&(.:5(3)'3$:(6&()%(6$:(2&(31&%4*Uk(!*2*35J:&D(?)*&15(&'/(35(2&(%)/(07*(=9"1(31&*&1**D
S(((8*3B*2$7*JL(((6&(((3"6"*)'(((5.:$(((652)3B*".D(((1$4&((()%(H9&14&>1&*:&1((3)(()%*>"1#$(6'*%5((2&((.G%4&U
!5.)%5(2")5(0#6)?35:)1*(.>1&2&'*:"$1&U(C"'*7*.:)'(#*'*:$1(7G?%&?:&($'5:)1*/(0%:"13G%2)J?*($6"*(7&$,$($):"#$:)')*(
0%:1J"(#*?3$1&(3*13)'$15U
H(%")5(1$>$'5(2&(0#6)?35:)1*(#)?35(=56$2$(?*(4B&$7$(2*%(>$7$(.$U
S((\7*(0%%&9)%*:(3)(:"7**W(61":&.:&$=5(&D(3)("(,"3&(154)?*:5/($256".:*%2)J.&(0%(.6$:&'&(#":"3*3'&:&*U(F"$1(%J"(.5(
%&(0#6)?3$7*(:"3#$*(((6&(((%"*D
S((+J"((31&=*((:)/((1$4&((A*3)7)'/((0%?>53G%2)J?*(($):"#$:)'U(PH#"1G7*J*D(8*%?$7*J*(6&(:*35'"?*D_(.&($)2(,"3*'&(
15%*7*'"1U(I%
:*1(0%2153*:/(6"1%*:(2*%(:"$:&($1#&'&/(0#61"$?35(#":"3*3'&:$/(3$1&(&X6'"2&$=5(0%:1J"(T&q95(2&(>'5351*U(]&'2R&9&')'(
2&(.:$:J#$T"1(.&(1".:"4"'&?:&(0%(=56$25(0%,5')*:(2&(>'5351*U(+&(>$3&(4B&#/(3$("(9)3$:5(2&(BG1:*&(3$19"%*=$:5U
S((+>G1G*&(3$(415.*#&$()%&*(.31"$>&(6).&('$(615T*:/(1G%T&?:&(0%3G%:$:(((C"1:$U
Lvo
<&*'$'7*(2"*(6"'*7*?:*(#*'*:$1*(0%3&$135(.5(>)45U(<*%3*(.$)(?$.&(41&%$2&(2&(#G%5(0*($T)%4(2*%()1#5(?*(&X6'"2&$=5(3)(
)%(=4"#":($.)1=*:"1U(+&(6159)?&.3(6&.:&(#"1#$%)'(2&(=56$25/(2&$.)61$(3$2$,1&'"1(0%4B&7$:&U(<$(61*%:1J"(#*%)%&(
3&1&$.35/()%(3"%,"*(2&(3$#*"$%&(41&'&("61&?:&('G%45(%"*U(+"'2$7*(2&('$(:1)6&'&(2&($61",*=*"%$1&(.$1(0%T)1G%2(?*(
9"#95%*%2(2&(6&(6'$:>"1#&(?*(%&
)135((0%(((3$#*"$%&U
S((K)#$*(((6&((3&*(3$1&((#$*(:15*&.3/("12"%5()%(!*::#&*.:&1U(WU"1*%2)J?*(((%&15925:"1(((."'2$7**U(((-$*2&7*D(((-$*2&7*D(
Y1&9)*&(((.5(6'&35#D(((3":3"253&?:&(((&'/(((6"3%*%2)J?*(((3*=#&'&(((2&(((9'$%5(((3)((((U
31$,$?$U
S(((F"$#%&/("(.5J7*(,G1(9"$?&'&(6&(4G:(2)65(3&(#5(>$3(9*%&/(0*(61"#*:&(A*3)7)'()%)*(."'2$:(3$1&(LJ$(.356$:(2*%(
91$7&(2&(2")5("1*((0%(((21)#(((.61&(((3$#*"%U
S(((F$35((((%)(((:$3*/(((1&6'*35((((."'2$:)'/(((()%(((()1*$?(((2&(((:$'*$(A*3)7)')*/("(.5(:&('$.($*3*((.5J7*(=9"$1&(,&3*%**(
31&*&1**U(E,$%(0*(#*&1'&?:&(((6&(((:"7*(((3&*(((3$1&(((%)(((.)%:(((1)?*U(((C"7*(((>*(((.*4)1D
S((Y1&9)*&(.5JL(')5#(3)(%"*(?*(6&(I%:&1#&%.3B)'(5'$(%&41)W(0%:1&$95(1G%T*%2()%(I%:&1">>*=*&1/($15:G%2)JL(6&(
\'9&1:/(3$1&(.:5(0%(((=56$25((3'5%75%*%2((2*%((2*%7*U
S(((\#(:15*:(.J"(,52(?*(6J$.:$D(.:1*45()*#*:()%(]&'2R&9&'U(I%(3$%*9$'(0%()%*>"1#5(4&1#$%5D(]**B1&1)'(?:*&(2&(
&X*.:&%7$(:$(.$)
&?:*(((P.:1*3:J.&31&:_W
S((Y$35J7*((((>'&$%3$/((("#)'&D((((KJ$*([B$=D((((#"1#5*&((((\'9&1:(2*.61&7)*:"1U((A5((.*#:((#)':((#$*(9*%&(0%(6*&'&$(
#&$(2&3G:()%(B$'*:"1((6):)1".((2&((3G1%$7*((?*((()%((%&$#7(((.65'53*:((3$((:*%&D
S((A5."$15J7*(3),*%:&'&/(=)').($%"1#$'(3&(&?:*U(F$35(%)/("(.5(:&(:1&=&?:*(2*%(%")(0%(3"6$3('G%45(3&'&'$':&(#$*#)7&(
3$(:*%&D(0'($#&%*%75(((]&'2R&9&')'/((3)(("((35):5:)15((1&$U
S(((EE(')5#(?*(6&(&'W(1&6&:5(I%:&1">>*=*&1)'(%&15925:"1/(2"1%*3(.5J*((:1$45((')*(((\'9&1:(()%((?):(0%((>)%2U
S((A$*(9*%&(.5JL(')5#/(15.6)%2&(]&'2R&9&')'U(F$35(25(E,$%(2&(&'/("(.5JL(>"'".&$.35(0%(.3"6)1*(61"6$4$%2*.:*3&U(
Z"1(.6)%&(35($#(0%1"'$:(?*(#$*#)7&'&(2&('$(@152*%$(m""'"4*35U(F$1($?&=$7*JL('$(#$14*%&$(6'$:>"1#&*/(3$(.5JL(
6):&#($=,G1'*('$(61*#$(415#$25(2&(((4)%"*(((3$1&(((%&(((*&.&J%(((3$'&U
S((@$:$/(.:1*45(!*::#&*.:&1)'/(6'&35#D((K)(#$*($,&#(:*#6U(<&*'$'7*(((,"1(((15#G%&((($*3*U(((Z"1(($,&$(((41*T5(((2&(((&*(
1)?**D
I%(.:1*45:(2&(61":&.:(.&(1*2*35(2*%(1G%2)'(15%*7*'"1(3$1&(%)(,"1(>*(')$7*U(<&*(3$1&(#$*($)(3&,$(,'$45/(.&(.3"$'5(?*(,*%(
?3B*"65:G%2(.61&(3$#*"$%&U
S((A*?3$7*J,5D(((A*?3$7*J,5D(((=9*$15((!*::#&*.:&1)'/(()13G%2)J.&
0%(((61*#)'(((,&B*3)'U
A)'7*(.&($4$75(2&(3$#*"$%&(?*(.&('$.5(:G1G7*U(Y&$#$(2&(1)?*('&
25(((6):&1*(((.)61$"#&%&?:*U
Lvn
!&)?*#(.5J*(1*2*35#(6&(3G7*,$/(2$1(%)(.&(6":(7*%&(?*(.>G1?&.3(.)9(((1"7*'&(((3$#*"$%&'"1((2*%(((.6$:&U
`">&1**((%J$)((3)#((.5J*((&,*:&/((2*%((3$)=$(($')%&3)?)')*U
S((H(2",$25(3'$15(2&.61&(3G:(2&(6)7*%(,$'"1&$=5("(,*$75(2&(."'2$:/(((.6)%&(((;5:1G%)'(((3)((($#5153*)%&U
S((K)(((#$*(((#)':(((2&3G:(((1$B$:)'(((2*%:1J)%(((3'".&:(((0%>)%2$:/(#G1G*&((C"1:$/(($61*%=G%2)J?*((("((7*4$15U
S((]*1J$1((($(((21$3)')*(((2&((((#*=&1*&((((#*'*:$15D((((0%3),**%7&$=5(8&4*"%$1)'U(((RG*./!!)-!!&',((,P
S(((E$()*:$7*J,5('$(:*6)'(2&(3"'"/(*%:&1,*%&(;5:1G%)'/($15:G%2(3)(3"$2$(6*6&*(35:1&()%(,G%5:"1(2&(#)%:&(#)1*9)%2U(
\1&($3$.5("(%&,$.:5(3$1&(>1&$35(2)?)#&'&'&(?*("(415#$25(2&(61"4&%*:)1*(#)3"$.&/((3$1&(("1((.5((.>G1?&$.35((&X$3:(
3$(((:$:5'(('"1/(0%((1$B$:U(<*)2$:((3)#((2&((0%4B*7*#((:"$:&(($.:&$D
S((K)(#&1*:5#("(."$1:5(#$*(9)%5/(>*'".">&$=5(\'9&1:U(AJ$1%(:":(0%:1&9$:(3&(35):5#(%"*(0%(\1#$:5U(F&(3&(%J"(
'5.5#(0%(.&$#$(?&>*'"1(&*W((\((">*7&1*'"1(?*($(3*,*'*'"1(9)1:"?*(2&J$3$.5/(3$1&($)(%&,"*&((2&((%"*(3$((.5(('&($6515#(
$,&1*'&(?*(.5(.&((6"$:5(95?*((&*
'*%*?:*7*g(0%(((>":"'**D
S((0%3B*2&((((6'*.3)'/((((=9*$15((((-&*2&/((((:1&#)1G%2((((2&((((>)1*&U
Z"19&?:*(((3$((("((T*4"2*&(((2&(((3"#)%*.:D
F*%(652)1&(7G?%&?:&(')#*%$()%)*(:1$."1(?*(0%:1&1)6&(2*.3)7*$U(I%(3$#*"%(.&(6159)?&?:&(6&()%(6",G1%*?U
!5%*7**(.)%:($1)%3$7*(2&J$(,$'#$(3G:(3"'"U(Z&B*3)')'(&X6'"2&$=5(6&(>)%2)'(1G6&*(?*(2*.6$1&(0%:1J"(,G',5:$*&(2&(
>'5351*
4$'9&%J1"?*&:*3&U
S((A*?3$7*J,5D((((A*?3$7*J,5D((((=9*$15(((*.:&1*3(((!*::#&*.:&1)'/
4&.:*3)'G%2(((3)(($):"#$:)'U(((K)(((,$((("61*7*D
I%(($':((3$#*"%((.&((1".:"4"'&?:&((?*((*$((>"3((3)((:":((3)((15%*7*U
S((]*1J$1(.5(>*&/(3&(2)B"$1&D(0%T)15(;$13&'"%$U(A$*(15)(3$()%(3'".&:((3B*%&=&.3((2)65((("((("14*&(((3)((("1&=U
S((F*%(((3$)=$((5'"1$(((3*%3*(((2*%(((3"'7(((3$1&(((%&((0#61"$?35((3)(#*31"9**(('"1(2&(:*>"./(.:1*45(A*3)7)'(1"?)(2&(
#G%*&/('",*%2(3)(6*3*"1)'(((&6$,&'&((()#$%&(((0%4B&.)*:&((0%(((3"'7U
S((-$*(.5J*($1)%35#/(.)4&1&$=5()%(I%:&1">>*=*&1(2&($1:*'&1*&U(A$*U(9*%&(((.5J*(((.6)13&(((6&(((,&3*%*(((3)((2*=&%:&1*$(
'"1D
S((\*(0%%&9)%*:W(K)(6):&#(>$3&($?$(3&,$/(61":&.:&$=5(C"1:$/("1(.5(%&($3)=&(35(6"1%*#()%(15=9"*(9$3:&1*"'"4*3(?*/(
"1*3&(.J$1(.6)%&/((0%35(((%J$#((($T)%.(((6G%5((($3"'"U
S((<1&2&(,1&)%)'(2*%(,"*(0%($1#$($.:$(#*%)%&W(0%:1&$95()%(@&>1&*:&1((3)(((#):15(((2&(((?"9"'$%U
S((F)65(((3&(((:&J$#(((,5=):(((6&(((:*%&/(((31&2D(((15.6)%2&(((C"1:$/
.:1G#9$%2)J.&(((2&(((1G.U
<$#*"%)'(((%&(((B)12)35*&(((:"$:5(((%"$6:&$U(((Y1&3&#(((3)(((#$1&(,*:&=5(((61*%:1J)%(((.$:/(((0%(((3$1&(((2&(((.:G'6*(((2&(
:&'&41$>((($:G1%5
.6G%=)1$:&(()%((?*1((2&((.*')&:&((3&%)?**U
bb(C$1:*=$%*D(#"1#5*&(-&*2&(3)(>$7$(.3B*#"%".*:5(2&(>)1*&U
S(<1&=*W(1G2&(C"1:$U(A$*(2&41$95()%(31*#*%$'(3$1&($($,):(?$%.$(.5($1$:&(3&(6"$:&U(C$1:*=$%**(%)(3&1(.5(>*&(
.6G%=)1$7*U(+)%:(3$(?&16**U(H('",*:)15(1$6*25/(?*(2*.6$1(3G:($*(3'*6*U
<$#*"%)'(%".:1)(.&($>)%25(0%:1J"(41"$65(?*(15#G%&(0%7&6&%*:U(A":"1)'()%)*(:$%3(2)2)*&(0%(0%:)%&1*3U(`&%*'&'&
.31G?%&.3((($#&%*%75:"1U
K&(3)61*%2&(6$%*3$U(<&*(3$1&(6":/(.$1(2*%(3$#*"$%&(?*(.&
$256".:&.3((0%(((.6$:&'&((:1"*&%&'"1U((((U
I%(ZQJf)9&'()135(2&$')'(?*(.&(*=9&?:&(3)()%(.)%&:($.)1=*:"1(2&(6&1&:&'&()%&*(3$.&U(C$:1)(."'2$7*($:G1%5(2*%(&'(3$(
%*?:&(#$1*"%&:&(*%&1:&U(E=9)3%&?:&(>"3)'U(Y1&6:$:/(.&(0%$'75(>'5351*(#*3*/
:1&#)15:"$1&U
Y1&*(YJdN($'9J3&%)?**($6$1(2*%(652)1&U(<"6$3**(.&(>1G%4($.&#&%&$(9&:&'"1(2&(3B*91*:U(I%(6"3%&:($.)1=*:"1/()1#$:(
2&()%(:)%&:(61&')%4/(3$(?*(3)#()%(:1&%(#51>$1($1(4"%*J6&.:&()%(6"2(2&("7&'U(C1*#)'(YJdN($')%&35(6&(4B&$75(3)(
:)1&'$(.#)'.5/($.&#&%&$()%&*(45'&7*('",*:&(3)(6*3*"1)'U(!5.)%5("(%")5(&X6'"=*&(0%>1*3"?5:"$1&U(Y)%)'(2&(6&(:$%3(
9)9)*&U(I1#&$=5()%(>)'4&1(.:15')3*:"1(?*("(&X6'"=*&(6):&1%*35U(ZG',5:5*'&(')#*%&$=5(0%:1&$4$
.3&%5U
<&'5'$':(YJdN(.&("61&?:&(91).3(?*(*$(>"3U(<"#$%2$%:)'/(3)(&3B*6$#&%:(2*%(6*&'&(%&$415/(0%3&$135(.5(.3$6&(0%(
)':*#)'(#"#&%:U(C*3*"1)'(.:G%4(0*(&(.#)'.(2&('$(4&%)%3B*(?*(61"*&3:$:(6&
2&$.)61$(('*#9*'"1((2&((>"3U
I%(:$%3(C$%:B&1(.&(*,&?:&(6&(,G1>)'()%&*(#",*'&U(Y)%)'(.5)(*#&%.(.&(0%21&$6:5(.61&()':*#)'(YJdNU(I%(T&:(2&(>'5351*(
7G?%&?:&(2*%(4)1$(7&,**(?*(2")5(&X6'"=**(3)#6'*:&(%&(>$3(:*#6$%&'&(.5(,*91&=&U(YJdN($(:1$.(0%($3&&$?*(3'*65(3)(
C$%:B&1U(F*%($#9&'&(:$%3)1*(.&(0%$'75(>'5351*(?*()%(>)#(%&41)U(F"*(#&#91*($*(&3B*6$T)')*(.$1(2*%(C$%:B&1(?*(.&(
1".:"4"'&.3(0%(=56$25/(3)
15.)>'$1&$((:5*$:5U
Y1&*((#&#91*($*(&3B*6$T)')*(2*%(YJdN(.)%:($1)%3$7*(0%($&1/($1=G%2((3$(((%*?:&((:"17&U((<'$.*3$((#"$1:&(($((:$%3B*.:)')*D
S((y*%&7*(3$6&:&'&('$(3):*&/(95*&7*/(%&($,&1:*=&$=5(;5:1G%)'U(K&((6":((.6)'9&1$((2*%((3'*65J%(((3'*65U
E%(T)1)'(:$%3)1*'"1(3$1&($12(.&(61&3*6*:5("(#)'7*#&(2&(.*')&:&U(E$2)'((2&((,G',5:5*(($1)%35((($.)61$(('"1("((')#*%5(
.6&3:1$'5U
S((E,$%D(((($%)%75((((A*3)7)'/(((($15:G%2((((3)((((2&4&:)'U(((<G7*,$(3"#*.$1*(*2*"7*(.&(6$1&(35J*(#G%5(2*%()1#5(3)(
?):)1*(0%(>)%2U
S((<1&2((35((.J$)(.5:)1$:(2&((,*$75/((1G%T&?:&((C"1:$(.)#91)U(<G%2("(.5(9)9)*&(:"$:5(#)%*7*$/(.)>')'($1($1)%3$(?*()%(
6"65(?3B*"6(((0%(((91$7&'&(((2*$,"')')*D
Lve
0%(3'*6$()1#5:"$1&/(:$%3)'(3)61*%.(2&(>'5351*(&X6'"2&$=5U(+)>')'(.#)'4&(3"6$3**(2*%(15253*%5(?*J*($1)%35(0%(
$&1(3$(6&(%*?:&(.)'*7&U(<)1*"=*:$:&$('&J$(>".:(>$:$'5(1)?*'"1U
S((+6)'9&1$7*((3)(:":)'/(.:1*45(@1&4"1/(2&.>53G%2)J?*(91$7&'&(0%:1J)%(((4&.:((('$14U(((C)1((?*(((.*#6')(
.6)'9&1$7*D
iS(\)(>".:($=,G1'*7*(6G%5(2*%3"'"(2&(f"'0#$U(`*($3)#/(61"9$9*'(35('&(&X6'*35(&:$%*'"1(3)#($)($T)%.($3"'"/(
3"#&%:&$=5(C"1:$/($?&=G%2)J.&(#$*(3"#"2(*%(=56$25U(Z5(1"4(.5(#5(:1&=*7*(0%$*%:&(.5(#"1D
S((<&(%$*9$/("#)'&/(&?:*(3B*$1($:G:(2&(%&.*#7*:W(*=9)3%&?:&(;$13&'"%$U(F"$1(%J"(.5(:&(3)'3*/($?:&6:G%2(.5(
,*%5(,&3*%**(.5J7*(=9"$1&(((31&*&1**D
S((F$V(3&(=*3*(:)(.5(>$3W(0%:1&$95($1754".(C"1:$/(1*2*3G%2)J?*(3$.3$(2&("7&'U(07*(0%3B*6)*(3)#,$(35(95*&7**(')*(
E,$%(.)%:(6)?*(6&(4')#&W(]**(.*4)1(35($)(>".:(0%2"3:1*%$7*(3)#(:1&9)*&(3)(1$B$:(2&(61"6$4$%25(2&J$(')*(E'a$(
cB1&%9)14[h(PH#"1G7*J*(6&(&2,(0-%.[$!3B*$1(((2*%(((6G%:&3&'&(((#$#&'"1/(((=21"9*7*(((3*)#$(((3$6*:$'*.:5(((2*%(
Z&.:D_
8G%45(%"*/(.&("61&?:&()%(CJd(3)(:)%)'(2&(nv(##(0%21&6:$:(U
.61&(((3&1U
S((\,&7*((((%&,"*&((((2&(((($T):"1W((((0%:1&$95((((3"#$%2$%:)'/(.:1&3)1G%2)J.&((($>$15(((2*%(((:)1&'5U
S((F$/(3$#$1$2&U((\,&#((%&,"*&(#$*($'&.(2&(3G:&,$(#**(2&(6*&.&(((2&(((.3B*#9((()#$%&U(((C*&.&(((2&(
.3B*#9D(((.&((($)2&(((,"3&$(A*3)7)')*(2*%:1J"(41"$65($2G%35(0%(=56$25U(K&('*6.&?:&(:":)'/(2&('$(((3$6(('$(
3"$25D
<"#$%2$%:)'/()%(H9&1>&'2R&9&'/(.$1&(2*%(:$%3()1#$:(2&(.&1,$%:U
S((F$7*J%&((("(((#G%5(((2&((($T):"1((('$(((3$9')1*D((()1'5(((&'U
S((K)((((6):&#/(((15.6)%2&((((C"1:$/(((.)%:&#(((('5%*7*U((((F&J$9*$(:1$4&#((("(((95?*%5(((>515((($T):"1D
S((I*:$7*(((35(((.)%:&7*(((15%*7*/(((.6)%&(((3"#$%2$%:)'(((:$%3)')*/(:154G%2(>&91*'(2&(3$9')1*'&(2&(1&#"13$1&(
0%4B&7$:&U(K&(4159*#U(E,$%(((&(((6&((()1#&'&(((%"$.:1&U
;'&.:&#G%2(?*(J)1'G%2(2&(2)1&1&/(3G7*,$(2*%:1&(%"*(1&)?&.3(.$(.&(1*2*3&(6&%:1)($(,&2&$(3&J*(2&(>53):(3)(3$9')'(
1&3$'3*:1$%:/(0%(3&'&(2*%()1#5/(0*(,&%*#(2&(B$3/(?*(CJdJ)'(6"1%&?:&(.5(:1$45U
S((\,&7*(41*T5(.5(%)(.&(1)65/(_%&($,&1:*=&$=5(3"#$%2$%:)'U(8$(:&#6&1$:)1*(((>"$1:&(((.35=):&/((("7&')'(((&(
>1$4*'(((3$(((.:*3'$D
<$#*"%)'(0%3&6&(.5(.&(#*?:&(0%3&:U(H(.&3)%25/(6$1&(35(.&(,$(15.:)1%$U(C$1:&$(2*%(>$75(.&(9$'$%.&$=5(6&(
#$14*%&$(41"6**(?*(.&
[(E'a$(cB1&%B)14(jLáML(SLMonk(S(.31**:"1(&,1&)(2&(%$7*"%$'*:$:&(1).$/($):"*U(*%(É*#6)*(15=9"*)')*/($'()%"1(>)1*9)%2&(#&.$T&(61"6$4$%2*.:*3&(
0%21&6:$:&(0#6":1*,$(4&1#$%*'"1U/(3$(%$7*)%&(T%")"V"
(9M(
0%3'*%5(0%$*%:&(3)()%(.31G?%&:($.3)7*:($'($13)1*'"1/(2$1/(3$(F1*%:1J"(#*%)%&/(%)(3$2&U(<$9')'(2&(1&#"13$1&(
6'&.%&?:&(?*JL('",&?:&(0%(>$75(6&()%(*%>$%:&1*.:(3$1&(%J$(1&)?*:(.5(.&($6'&3&('$(H('*#95(2&(>"3(.&(0%$'75(2*%(
,G1>)'(2&$')')*/(*$1(2*%(652)1&(15=9$:&(=4"#":)'(3$1$3:&1*.:*3()%)*(:)%(2&(:$%3U
E#&2*$:/(0%3&6&(.5($125()%(CJdU(F&$.)61$(3"6$3*'"1(.&(1*2*35()%(>)#(0%&3G3*".U(<)()%*>"1#&'&($1=G%2/(3&*(
2*%(&3B*6$T(.$1(2*%(:)1&'&(?*(.&(:1G%:&.3(0%(=56$25()1'G%2(2&(2)1&1&U(+&(0%%&41&.3(:1&6:$:/(2$1(%"*(%)J*(6):&#(
$T):$(3)(%*#*3U(\)(B$*%&'&(0#9*9$:&(3)(#":"1*%5(2*%(3&'&(2")5(1&=&1,"$1&(*#&%.&/(.'$9(61":&T$:&
0%:1J)%(((CJdU
<$#*"%)'(%".:1)($'&$145(%&9)%&?:&(6&(21)#)'(0%4B&7$:U(\')%&35(0%:1J"(6$1:&(?*(*=9&?:&("(#$?*%GJ$#>*9*&/(3)(
2"*(6)?3$?*(2*%(++U(0%(21&6:)'()%&1(3)19&/(%&(1":*#(2&(:1&*("1*(0%(T)1)'($X&*U(C$:1)(*%?*(.)%:($1)%3$7*(2*%(
,&B*3)'/(0%.5(%&(3"%:*%)5#(21)#)'U(`">&1)'(.&(:&#&(.5("61&$.35/(353*(*J$1(>*($61"$6&(*#6".*9*'(.5(6"1%&$.35(
2*%(%")U(Y1&9)*&(.5(#&14&#(:":(:*#6)'U
K"$6:&$($T)%4&#('$("()%*:$:&(.$%*:$15/(3$1&(6$1&(4$:$(2&(6'&3$1&U(I%(?*1(2&($#9)'$%7&($?:&$6:5(3)(#":"$1&'&(
$#9$'$:&U(\)(>".:(0%3513$:&(3)(15%*7*/(3)('5=*(?*(,$'*=&U
F)65("($?:&6:$1&(%&.>G1?*:5/($6$1&()%(3"'"%&'J#&2*3(%&1,".(3$1&JL(((&X$#*%&$=5((.)6&1>*3*$'(((6&(((61*#)'(
2*%:1&((%"*U((K&((25#(.&$#$(35()%**(2*%:1&(6$3*&%7*(6":(>*(:1$%.6"1:$7*/(*$1($'7**/(%)U(K&(,&1*>*35(2"$1(
9$%2$T&'&U(C1&$(#)':(.G%4&(?*(6)1"*(?*(.J$(=*.(3)(:*%&U(((F*.6$1&(('$((>&'((2&((91).3((3)#(($(($651):U(m4"#":&'&(
15=9"*)')*((.&(($61"6*&((:1&6:$:U(I%((H9&1.:/((0%>5?)1$:((0%((($:G:&$((9$%2$T&((0%3G:(($1$:5((3$(("(#)#*&(
&4*6:&$%5/((3&1&((.5((>*&(((&X$#*%$:((2&(()%((#&2*3U
S((c()%("12*%D()1'5(&'(154)?*:/(3G%2(1&$'*=&$=5(35(&(*4%"1$:(3)((2&.5,G1?*1&U
S((F$/((.5((:15*7*D(((15.6)%2&(((%&65.5:"1(()%((.$%*:$1U
S((F&((3&((%)((,*%&((#&2*3)'W((1&6&:5((H9&1.:)'U
S((K)(((?:*)/(((2"#%)'&/(((15.6)%2&(((.$%*:$1)'/(((0%21&6:G%2)J.&(35:1&(($'((2"*'&$((15%*:U
H9&1.:)'(1&6&:5("12*%)'(3G%2(=51&?:&()%(+$%*:5:.J]&'2R&9&'(:1&3G%2((4159*:((61*%((61&$T#5U
S((<"'"%&')'J#&2*3(((,$((((>*((($*3*(((*#&2*$:/(((>5452)*&?:&(]&'2R&9&')'/((.#)'4G%2)J.&((2*%((.:1G%.x$1&$(
H9&1.:)')*U
0%.5(((3"'"%&')'J#&2*3(((%)((($6$1&/(((0%(((.3B*#9/((($6$1(((2")5("12"%$%7&((3$1&JL((*$)((6&((H9&1.:((2*%:1&(
15%*7*U
S((-"7*(6):)1"?*(3&(.)%:&7*D(.:1*45(>)1*".(A*3)7)'(35:1&()%(.$%*:$1/(U0%(3&(B$'(,5(6)1:$7*(3)(%"*(2)65(3&J$#(
>".:(35.56*7*(6&%:1)(((]**B1&1((?*((Z$:&1'$%2D(((+)%:&#((%&#7*D(((]**%7&("#&%&?:*D
(9(
.&(((("61&?:&((((?*((((.&(((()*:5(((('$((((&'/((((=G#9*%2
3)
E%>*1#*&1)'(.)6&1*"1*:$:&U
S((]**%7&("#&%&?:*($*(.6).W(<)(.3G19"?&%**'&($'&$(2&(6&(91$7(%)(#$*(,$'"1&=*(%*3*(3G:()%(%&4(6&J)%(3)1(2&(1&%U(
<57&')'()%)*(H9&1.:(&(#$*(.).(0%(*&1$1B*&(2&3G:()%(4)%"*(3$(:*%&U(F$35($#(>*($,):($*3*()%(357&'(2&J$'()%)*(H9&1.:/(
LJ$#(>*("6&1$:(6&(&'(0%$*%:&(.5(((%&(("3)65#((2&((%*?:&((1$'*$7*((3$((,"*D
S((@)%"$*&'&(\1#$:&*/($.:$(.)%:&#D(.).6*%5(\'9&1:($6$:*3/(1*2*3G%2)J?*(((4)'&1)'((()%*>"1#&*((6G%5(((6&.:&(
)1&3B*U
S((F)65(3&(.&(:&1#*%5(15=9"*)'/(61*#**(3$1&("(.J"(657&$.35(,&7*(((>*(((,"*/(((1$B$7**(((5?:*$(((2&(((<1)3&(((!"?*&/(
$#&%*%75(((C"1:$/($15:G%2)J*(((6)#%)'((("12"%$%7&*/(((3$1&(((.&(((0%2&651:&$=5(((1G=G%2(3"6*".U
0%(3)1.)'(%"67**/(.)%:&#(2)?*(0%5)%:1)U(K&(65'&?:&()%(#*1".(6):&1%*3(2&(3$%41&%5U(ZG%:)'(?)*&15(2&J$(')%4)'(
3"1*2"$1&'"1/(0%,G1:&T*%2(%"1*(2&(:74-+7!>*%$(0%(3$'&$(.$U(H9&1.:)'(15%*:/(3$1&(:":(#$*(3&1&(.5(>*&(3"%.)':$:(2&()%(
#&2*3/(.&($>'5(?*(&'(0%5)%:1)U(H12"%5(6&()%(:"%(6'G%451&7(.5(.&(0%3B*25(>&1&.:1&'&U(F$1(%)(#$*(&X*.:5(>&1&.:1&/($)(
>".:(.6$1:&(2&#)':/(J0%3&$135(.5(.&(1*2*3&/($#&%*%75("12"%$%7&'&(4&#G%2/(2$1(3$2&(2*%(%")(6&(:$14$(0%.G%4&1$:5U(
I1#51&?:&(3)(61*,*1&$(:G14*'&(3$1&(:1&3(6&('G%45(&'(?*(3$1&(.&(0%:"13(4"$'&U(!&$'*=&$=5(3&(.&(6&:1&3&(%)#$*(0%(3'*6$(
0%(3$1&(61"61*$(')*(:$14$($T)%4&(0%(3&'5'$':(3$65:($'(3"1*2"1)')*/()%2&(.&(3$.35()%(B5)U(C&1&:&'&(&(251G#$:/(*$1(T"./(
'$("(#$1&(2*.:$%75/(.&(,&2&(1G)'(0%4B&7$:U(\3"'"(.>G1?&?:&(6",$1$()%&*(:G14*U(H(."')7*&(.*#6'5(2&J$(:&(2&9$1$.$(2&(
#"17*U
<$#&1&'&(?*(:514*'&(.)%:(%)#$*(6&%:1)(3&*(,**U(C&%:1)(3&*(3$1&(1&=*.:5(0%35(?*(6":(>*(:1$%.6"1:$7*(#$*(2&6$1:&U(I%&"1*(
.&(0%:G#6'5(3$(,1&)%)'(2*%:1&(&*(.5(%)(>*&(#"1:(?*/(3G%2(0?*(25(.&$#$/(0%3&6&(.5()1'&U(F$1(61":&.:&'&(%)J*(>"'".&.3('$(
%*#*3U(Z$($T)%4&(0%(1G)/('$"'$':5(3)(3&*'$'7*U(`*(2$35(%)(#"$1&(0%(352&1&/($:)%3*(4&1)'(0*(,$(,&%*(*#&2*$:(2&(B$3U
S((8)$7*J#5(2&($*3*D((1$4&(H9&1.:)'(>)1*".U(<&1(.5(#5(,$25()%(#&2*3D(+)%:(H9&1.:(?*($#()%(1&4*#&%:(0%:1&4(.)9(
3"#$%25D
K*#&%*(((%)(((.&(((.*%3B*.&?:&(((.5J*(((15.6)%25U
I%((">*7&1((#&2*3((#$*((0%(((,G1.:5((.&(($6'&$35((2&$.)61$(((')*U
S((K&((,"#(("3)6$((*#&2*$:(2&(2)#%&$,"$.:15/(2"#%)'&/(0*(61"#*:&(((&'((("9".*:U(((Z&7*(((6'&3$(((3)((()1#5:"1)'(
:1$%.6"1:U(((j+&(0%:"$13&(((35:1&((()%(((+$%*:5:.JI%:&1">>*=*&1Uk(((KJ$1&(((%*3*((("((?$%.5D(?"6:&?:&(((&'U
H9&1.:)'(((0'((($)2&(((?*(((0%3&6&(((.5((()1'&(((:)19$:U
0%:1&4)'(3"16(2&(#&2*3*(?*($.*.:&%:&($1(>*(,&%*:(*#&2*$:(2$35(.3&%$(.J$1(>*(6&:1&3):(0%($':5(6$1:&U(F$1(0%($3&.:($9$:"1(
)1*$?/(0%(3$1&(6$%*3$(2"#%&?:&(61&:):*%2&%*/(H9&1.:)'(&('5.$:(.5(7*6&(6G%5
(9D
'$(&6)*=$1&/(0%:1J)%($33&.(2&(>)1*&/(0?*(.3"$:&(9$*"%&:$(?*(0?*(:$*&(9&1&4$:$U(+G%4&'&J*(7G?%&?:&(3$("(>G%:G%5(
$1:&=*$%5U
E#&2*$:(((2)65((($3&&$/((0'(((&X$#*%&$=5((("((("12"%$%75U
bb(c(#"1:/(.6)%&($3&.:$/(:$15(%*3*()%(6*3(2&(*%:&1&.U(F$7*J%&
"($':5(:$14$U(<)()%(4&.:(3$1&(*J$(*%:1$:(2&T$(0%(.G%4&/(0'($1)%35(6&(H9&1.:(0%(1G)/(3$(?*(6&(3&'&'$':&('&?)1*U
C&(:$14$(&(0%:*%.($3)#(()%((8&):%$%:(3)(6*3*"$1&'&(=21"9*:&U
+)%:&#(954$7*(0%(9'"3)'J"6&1$:"1/()%2&(%&(0%:G#6*%5("(2)B"$1&(6):&1%*35(2&(.G%4&(?*(#51)%:$*&U
S((<&'((2&J$3"'"D((2&3*2&(()%((+$%*:5:.J]&'2R&9&'U($15:G%2(3)(2&4&:)'(((.61&((("(((:$14$(((6&(((3$1&(((=$3&((()%(
4&%*.:(((6'*%((2&((.G%4&U
S((K)(31&2&7*(3J"(.5(#"$15W(0%:1&$95("("12"%$%75(3)()%(?"17(2&((3$)3*)3(('$((91G)U
S((F&()%2&(%$*9$(,1&*(.5(?:*)W(<1&=*(35(.)%:(3'$1,5=5:"1W(.&(157"*&?:&((]&'2R&9&')'U
S((F)65(651&1&$(#&$/($1$:5(35()%(3$2$,1)(9*%&(3"%.&1,$:/(3"#&%:&$=5((("12"%$%7$U
S(((I%((2*$4%".:*3((>"$1:&((61&3*./((?)*&15((()%(($.*.:&%:((.$%*:$1/(1*2*3G%2()%$(2*%(6'&"$6&'&(4&%*.:)')*U(0*(.3"$:&()%(
652)3B&(#$1&(2*%(((%$.((?*JL(((.:1*,&?:&(((.)9(((:$'6$(((3*=#&*U
S((C*3*"1)'(#&)D(]*1J$1(.5(>*&D(C*3*"1)'(#&)D(4&#&(4&%*.:)'(0%(3'*6$(0%(3$1&(&($?&=$:(6&(#$.$(2&("6&1$7*&U(K)(#$*(
.)6"1:D(+*#:(35(((#*J$(((')$:(((>"3D(((A5((($12&(((0%41"=*:"1D
S((F"=5((2)9'5((2&(#"1>*%5/(.6)%&(3B*1)14)'/(?*(0%3&6&(.5J*(:$*&(9$%2$T)'U(+)9(4&%)%3B*/(.&(,&2&()%(4"'(*#&%./(
3B*$1(0%(".U(C*3*"1)'(&()#>'$:(?*(.J$(0%%&41*:U((<$%41&%$(*J$(3)61*%.(?*('$9$(6*3*"1)')*U((F&4&:&'&($1$:5(3$((%*?:&(
9$'"%$?&()#>'$:&(61&$(:$1&U
S((Z$(((:1&9)*(((.5J*(((:5*&#(((6*3*"1)'/(((.6)%&(((91).3(((3B*1)14)'(61*%3*6$'U(((\%&.:&=*3D((("12"%5(((&'U
S((K)(((#$*((($,&#/(((15.6)%2&((('$3"%*3(($.*.:&%:)'(((.5)U
S((A"1>*%5D(?)*&15(3B*1)14)'(61*%3*6$'/($6)3G%2(*%.:1)#&%:)'(6&((3$1&(((*JL(((0%:*%2&((($.*.:&%:)'(((2*%(((.$'$(((2&(
"6&1$7*&U
I%(#*1".(41&7".(?*(2)'3&$4()#6'&($&1)'U(I%(.$%*:$1(3)1575(1$6*2(1$%$(?*(3B*1)14)'(:$*&(6*&'&$U(H6&1$7*$(&(>53):5U(
Y"7*(')31&$=5(0%(:53&1&/(2"$1(3B*1)14)'(61*%3*6$'(,"19&?:&(:":(:*#6)'U(\.*.:&%:)'(0*(0%#G%&$=5(2*>&1*:&(*%.:1)#&%:&(
3)(#*?351*(61&3*.&/(0%("12*%&$(3&1):5U(;*.:)1*)'(:$*&(3$1%&$(6):1&=*:5(2*%(3&(0%(3&(#$*($2G%3U
@&%*.:)'((0%3&6&(((.5((()1'&U
S((\.:)65J*(4)1$(3)(3&,$D(("12"%5(3B*1)14)'(%&1,"./(0%3&6&(.$(((:$*&(((".)'U(((C&%.&'&((>*X$:&((6&(($1:&1$((61*%3*6$'5(
.&((2&.>$3((?*(.G%4&'&(0*(7G?%&?:&(6&(>$75U(]&15.:15)D(3&1&(&'/(0%:*%=G%2(#G%$U(<)(()%((.)%&:(($.61)/((>&15.:15)'(((.&(
$>)%25((0%((".U
\%&.:&=*.:)'(1*2*35(1&.&#%$:(2*%()#&1*U(<B*1)14)'(61*%3*6$'(.&(4159&?:&U(]&15.:15)'(:$*&(".)'(3)()%(=4"#":($.3)7*:U(
C*3*"1)'
(9*
$#6):$:((3$2&((6&((6"2&$((3)((("((9)>%*:)15((.&$35U
S((I1#5:"1)'D(((.6)%&((&'U
C&(((1%$.5((&(($2).(()%((8&):%$%:((3)(($92"#&%)'(((.>G1:&3$:U
S((Y1$%.6"1:)'(4$:$(2&(21)#D(153%&?:&()%(]&'2R&9&'/($(351)*(,"3&(((15.)%5(((6&(((3"1*2"1)'(((')%4U
\'9&1:/(g)':*#)'(2*%(41)6)'(%".:1)/(&($1)%3$:(0%:1J"($#9)'$%75/(0?*(:1$4&(4)'&1)'(#$%:$'&*(6G%5(6&.:&("3B*(?*(#G1G*&(
35:1&(.$%*:$1/(3$1&(:1&.$1&(3G%2(25(3)("3B**(2&(3B*6)'(%&41)(3$
.#"$'$U
S((<&(21$3)VW(.:1*45(&'()*#*:U(@&1#$%*$(#$*($1&(0%35(:1)6&
3"'"%*$'&W
S((K)D(((1G%T&?:&((\'9&1:U(+)%:($#&1*3$%/(?&>)'&U(K&6":)'(')*(A"?(((Y"#/(((%&*35D(((F$/(((.5(((:15*7*D
\#9)'$%7$(#&14&(3)("(,*:&=5(*%>&1%$'5(?*(%&($=,G1'&(2&(3"'"J3"'"/(0%3G:($,&#(*#61&.*$(35(%&J$(>1G%:(:"$:&("$.&'&U(
@&#&#(?*(153%*#/(2$1(?">&1)')*(%)J*(6$.5U(K)J?*(2"1&?:&(2&3G:(.5($T)%45(3G:(#$*(2&6$1:&(2&('*%*$(>1"%:)')*U
S((F$35(%)(,5(3"%,*%&(,*:&=$($.:$/(.51*7*(?*(')$7*J"(6&(T"./(%&(.:1*45((&'/((0%3B*=G%2(((4&$#)'(((2&.6517*:"1U
S((H((.5J*(((.:G16&.3((>)2)'**'&(5.:)*$/(61"#*:&(A*3)7)'(>)1*".(0%3&13G%2((.5((.&((1*2*3&/((2$1((.6$7*)'((2*%:1&(:514*(&(
61&$((#*3(?*($:)%3*((1&%)%75U
F)65(2")5("1&(2&($'&145:)15(%&9)%&$.35/($#9)'$%7$(.&("61&?:&U(\)=*#(3$%*.:1&'&(2&(9&%=*%5(3*"3%*%2)J.&(0%:1&(
&'&U(<)()%(.31G?%&:(.:1*2&%:/()?*'&(#$?*%**(.&(2&.3B*2(?*()%(+$%*J:5:.J]&'2R&9&'/(3$1&(.&$#5%5(3)()%(6"13(
.)61$$'*#&%:$:/(.&(B"'9&$=5('$(%"*(<E8(%*?:&("3B*(1&3*(?*($'9$?:1*/(:*6*3(%&#7&?:*U
S((<$1&J*((#"1:(.5(.6)%5($3)#D((A$*(.)%:("(415#$25(3$1&($?:&$6:5((.5((>*&((:1$%.6"1:$7*D
S((I135J:&((?*((,&1*>*35/((61"6)%&((C"1:$(3)(()%((B"B":(2&(1G.(154)?*:/("(.5(:&(3"%,*%4*(*#&2*$:(3G:5(,'$45(#$*(
$,&#(0%(%"*D
S((K&(#$*(0%:G'%*#(%"*/(H9&14&>1&*:&1/(6)>%&?:&(]&'2R&9&')'/
:1G%:*%2((.5'9$:*3(()?$U
S((-$*(.J"(')51%(2*%('"3/(7*65()%(p54&1(3)(,"3&(:1&#)15:"$1&U(Y$%3)1*'&((')*(((E,$%((,*%((*#&2*$:(0%((()1#$(
%"$.:15D
<G%2(="1**(0%3&6(.5(.&(2&.61*%25(2*%(0%:)%&1*3)'(1&3&($'(%"67**/($T)%4&#('$()%(6"2(?)91&2(3$1&(.&('&$45%5(2*%(
3$)=$(3$9')1*'"1()=$:&(?*(6$1&(4$:$(.5(.&(6159)?&$.35(0%("1*3&(3'*65U(Y1".%&?:&/(6G1G*&(?*(6"3%&?:&(2&('$()%(3$6('$(
$':)'/(0%(3"%2*7**(%"1#$'&/(%*3*()%("#(3)(3$6)'(6&()#&1*(%)(.J$1(0%3)#&:$(.5JL(:1&$35/(2$1($3)#(:"$:5(')#&$(.&(
0#9)'=&?:&(6&(&'(3)61*%.5(2&(6$%*35U
Y$%3)1*'&(1).&?:*(3$1&(,*%(2)65(%"*/()1#$:&(2&(*%>$%:&1*$(#":"1*=$:5/(.)%:()%(6&1*3"'(#)':(#$*(#$1&(2&3G:(6"2)'(
B"2"1"4*:U
H(>"1#$7*)%&(2&(4&%*?:*/(.)9(3"#$%2$()%)*(8&):%$%:/(.&(45:&?:&(.ubT($1)%3&(0%($&1U(@"%&.3(%&15925:"1*(6&('G%45(
.):&'&(."'2$7*/(0#6*%4G%2)J.&(?*(0%4B*"%:*%2)J.&(3$(.5(6"$:5($T)%4&
N.L
'$((1G)U
H(3"'"$%5(2&(:$%3)1*((.&($61"6*&(,)*%2/(>"17$%2)J*(6&(3&*
2*%$*%:&((.5((.$15((0%((('5:)1*((6&%:1)(($(((.&((.$',$U
b(H61*7*D(H61*7*D(=9*$15('"3":&%&%:)'(2*%(@&%*?:*/(:53G%2(.&#%&(2*.6&1$:&(3)(91$7&'&U(Z1&7*(.5(,5(.*%)3*2&7*W(C"2)'(
%)(6"$:&(7*%&(:$%3)1*'&D(Y1&9)*&(.5(:1&3&7*(6&($':)%2&,$D
F*%(:)1&'$(61*#)')*(:$%3(0'(61*,&?:&()%(#$*"1(3)("(0%>57*?$1&
$.615U
S(]**(9)%(?*(:$3*(2*%(4)15/(8&):%$%:D(H(.5(:1&3(6"2)'(5.:$
3)(:$%3)1*'&((#&'&/(3B*:(35J7*(3"%,*%&/(3B*:(35(%)D((FGJ:&('$("
6$1:&/(35((:&((>$3((="9D
8&):%$%:)'(>$3&("#(6$.(0%('5:)1*/(3'5:*%G%2(2*%(3$6/(?*(.&($?&$=5(1&.&#%$:(6&()%(9):"*(4"'(2&(#":"1*%5U(<)#(.5(*(
_.&(0#6":1*,&$.35()%)*(#$*"1(%&9)%W
S((<G:&((()%)'((("(((2$:5D(((.:1*45(((#$*"1)'/(((:53G%2)J'&(((.&#%(:$%3)1*'"1(.5(0%$*%:&=&U(\33&'&1$7*(?*(:1&3&7*(1&6&2&D(
+5JL(>&1&$.35(F)#%&=&)(6&(3&'(3$1&(.6)'9&15(6"2)'(0%$*%:&(.5(:1&$35()':*#$
351)75D
S((F"#%)'&(#$*"1/(.5(:15*7*/(,5(0%31&2*%7&=(2)#%&$,"$.:15
1&.6"%.$9*'*:$:&$((($3&.:)*(((6"2/((61":&.:&$=5((8&):%$%:)'((&%&1,$:U
S((]5J"/(2$35($.:$(:&(>$3&(.5(:&(.*#7*(#$*(9*%&D('$:15(#$*"1)'
3)((*%2*>&1&%75U
C"2)'(.3G17G*&(?*(:1".%&?:&U(+&('&$45%5(3$()%(B$#$3(0%(#"#&%:)'(0%(3$1&(61*#)'(:$%3(0%3&6&(.GJL(:1$,&1.&=&U(
<$9')1*'&(,*91&$=5(3$(.:1)%&'&(61&$(0%3"12$:&($'&()%&*(,*"1*U(F)65(3&(:1&3&(61*#)'/(6"1%&?:&()1#5:"1)'U
S(E2*"7*(%&%"1"3*7*D(9'&.:&#5('"3":&%&%:)'(4&%*.:(0%(3'*6$(0%
3$1&()%)'(2*%:1&(3$9')1*'&(3&%:1$'&(6'&.%&?:&(?*(0#615?:*&($?3B**(0%
:"$:&(2*1&37**'&U(C"1%&?:&(.61&(6"2(3&'5'$':(:$%3U(`">&1)'(&(%&1,".U
Z&B*3)')'()1*$?('",&?:&(6*'"%**(2&('$(#*T'"3)'(6"2)')*/(3$1&(.&(1)6
3$(%*?:&(9&7&U(C"2)'(.&(615,5'&?:&(0%:1J"(6'"$*&(2&($?3B**(2&("7&'
?*(3$9')1*U(Y$%3)'(>$3&("(:)#95(?*(2*.6$1&(0%($2G%3)1*/(0%(352&1&/
.&(*=9&?:&(2&(%*?:&(.:G%3*($.3)7*:&/(15#G%&($:G1%$:("(3'*65(0%$*%:&
.
W1[V(3t%:*%)&(6159)?*1&$/(2)65(3$1&(.&("61&?:&(6&(>)%2)'(1G)')*U
<G:($*(3'*6*/(.'"*)1*((#$1*((2&(4B&$75($3"6&15(2*%(%")('"3)'(6&
)%2&(($(((65:1)%.(((:$%3)'U
S((F"$#%&/($T):5J%&D(#"1#5*&(8&):%$%:)'U(8&J$#(.6).(3&J"(.$(((.&(((0%:G#6'&/(((2$1(((%)(((#J$)((($.3)':$:D(
E2*"7**(((%)((($.3)':5
%*3*"2$:5D
S((C$135($1(>*(>".:(6"17*'&(*$2)')*(((3$1&_.J$)(2&.3B*.(?*($6"*(.J$)(0%3B*.(1&6&2&('$('"3U(.:1*)5(C"1:$(V0%>1*3"?$:/(
B"'9G%2)J.&('$(.'"*)1*'&(((2&(((4B&$75(((2&(((2&2&.)9:U
-"
LoN
I%(>)'4&1("19*:"1(')#*%&$=5(=*)$(#"B"1G:5U(\#9)'$%7$(.&(6159)?&?:&(6&.:&(15#5?*7&'&(6"2)')*(3$1&(.&(
'&$45%5(0%(95:$*$(,G%:)')*/(0%3&6&(.5($125U(F")5(:514*(=9"$15(61*%()?*'&('$1"(2&.3B*.&U(<$2&(0%(1G)(?*(&(
0%4B*7*:5(2&(.'"*)1*'&(2&(4B&$75(3$1&(.&(3*"3%&.3(3)(.5'95:*3*&()%)'('$($':)'U
PY$%3)1*D(((Y$%3)1*D_(((.&(((25((($'$1#$U(((!$=&((($'9&(((2&(((')#*%5(.31):&$=5(((0%:)%&1*3)'(((0%(((35):$1&((2&(
,*3:*#&U
@1&%$2&'&($%:*:$%3(9)9)*&(.5'9$:*3U(C'")5(3)(.3B*T&(2&(#&:$'U(I%(T&:(2&(>'5351*((.&((1*2*35((2*%(61*#)'(YJdN(
3$1&($(&X6'"2$:U(S(C*3*"1)'(#&)D(C*3*"1)'(#&)D(4&#&(-&*2&/(:G1G%2)J.&(61*%(=56$25(('$(($256".:U
0'($6)3(2&()#51(?*JL(:1$4(2)65J(#*%&U(K&("61*#(0%(.6$:&'&()%)*(3$#*"%(15.:)1%$:(6&.:&("(415#$25(2&(3$2$,1&(
0%4B&7$:&U(I%(YJdN(:1&3&(61*%(=*2)1*'&()%&*(3$.&/(3$1&(.&(%51)*&(3"#6'&:U(F")5(41*%=*($:G1%5/('&45%G%2)J.&(0%(
>$7$(:$%3)')*U(H(65:)15($'9$.:15(>G'>G*&(3$()%(.:&$4(6&($%:&%$(2)9'5U
!5#5?*7&'&()%)*(351)3*"1(.&(0#615?:*&(0%(T)1)'(?&%*'&'"1U(F&(61&:):*%2&%*(.&($)2&(2)2)*:)'(#":"$1&'"1(H::"/(
3$1&(3"9"$15(6$%:$(B)12)35*%2U(Y1&3('*%*$(>&1$:5(2)9'5(f*&,JA".3",$/('5.G%2(0%()1#5(,5'5:)3*(2&(=56$25(
3$1&(.&(0%,5'#5?&.3(6&(2&$.)61$(3$.&'"1(.3)%2&U(F1)#)1*'&(.)%:(61&$(0%4).:&(6&%:1)(:$%3)1*U(Y&1$.&'&(.&(
6159)?&.3/(>"1#G%2(#"1#$%&(2&(6*&:1&(?*(#"1:$1U(H(B"$125(2&(3$=$3*(.&($61"6*&(0%(4"$%5/(3)(.59**'&(.3"$.&/(
?*(.&(%56).:&.3($.)61$(."'2$7*'"1(3$1&(>)4U
S(I1$(+:$'*%D(I1$(+:$'*%D(+:1*45:&'&(2&(,*3:"1*&(7G?%&.3(2*%(4G:'&T)1*'&(*%>$%:&1*?:*'"1(.*9&1*&%*(0%.&:$7*(2&(
.G%4&/(3$1&(0%$*%:&$=5/(:154G%2(3)($):"#$:&'&U
<)61*%?*(2&(%&9)%*&/(:$*&/(0%T)%4B*&(?*J*(.:1*,&.3(6&T"7*(3&*(3$1&(%)(.)%:(1)?*U(PH#"1G7*J*(?*J%(6G%:&3&'&(
#$#&'"1D(0%&3$7*J*(0%(61"61*)'('"1(.G%4&D_(+:1*45:)'(2&()15($'(')*(E'a$(cB1&%9)14(15.)%5(%&0%3&:$:(0%()1&3B*'&(
'"1U
K&(1&:1$4&#(:1&6:$:(.61&(.$:)'($1./(35):G%2(.5J*((7*%&#(:":(:*#6)'('$(2*.:$%75U((I*:5#(2&(15%*'&(3$1&(%&(2"1l(%)(
%&(2"1*%*(2&3G:(.5(.3565#(3)(,*$75U(8)6:5#(3$(%*?:&(>$%$:*3*U(<)7*:&'&(2&(')6:5(.>G1:&35(#51)%:$*&(?*(
3$=#$'&'&(2&(*%>$%:&1*&(2&.6*35(7&.:&U(0%($3&.:(*%>&1%/()%(41)6(2&(3*,*'*(.&($2)%5(0%:1J"(6*$75(#*35/('$(
6"$'&'&((()%&*(((.:$:)*(((0%>57*?G%2((()%(((3$'(((3$1&(((-),-(&7"!!!E!>&#&*&J3"#*.$1(((3)(((0%.&#%&(((2&(((#$*"1((('&(
25(((3G:&,$((("12*%&(4):)1$'&U(Z"19&?:&($:G:(2&(1&6&2&(0%3G:(6$1&(35(*(.&(0#6'&:*3&?:&('*#9$U((<*,*'**(.&(
41)6&$=5(0%>1*3"?$7*U(]&#&*$(>$3&(3G7*,$(6$?*(0%$6"*U(f$'$?%*^",)'(&*(.3)*65(#"$1:&U(I1'G%2/(3*,*'**(3$2()%)'(
6&.:&($':)'(('$((9$=$((.:$:)**U
S(E$((:&()*:5D/(.:1*45((C"1:$U(((Z&3*%**((5?:*$(%&%"1"3*7*(%)(.&(#)'7)#&.3((.5((%&((35.56&$.35(2"$1((6&((%"*D
(99
]&%*&*$J3"#*.$1(.3"$:&()%(%&3B&=$:(.3)1:(?*('",&?:&(3)(%*3*"1)'()%)'(2*%(3$2$,1&U
<
!!!bb(<&((%$*9$(("1(>*((>53):W(0%:1&$95(((@1&4"1U
bbd$,%P!15.6)%2&((8&4*"%$1)'U((RG,./!)-!&',((,P!CG%5(.5(.&
>G1?&$.35(15=9"*)'/(2"$#%$(3)(.:&')7&(2&($)1(0?*(#51&?:&(3"'&37*$(2&(3$2$,1&U
Y1&*(.)1"1*(2&(3$1*:$:&(4&1#$%&(.:159$:(6*$7$(0%(>)45/(3)61*%.&(2&(6$%*35U(I%(41)6(2&(3$=$3*(.*9&1*&%*('&(
)1#51&.3/(1G%T*%2(>&1*3*7*U
bb(\*$(3$):5("(B$*%5(2&(9'$%5(6&%:1)(@"4)/(#"1#5*&
A*3)7)'/(0?*(6)%&(0%(6*&6:(6$:)'(#*:1$'*&1&*()?"$1&(?*(:1*#*:&(3G:&,$(1$>$'&(.3)1:&(0%(2*1&37*$(.*9&1*&%*'"1/(3$1&(
.)%:($1)%3$7*(6&(.6$:&(2&(6$135($1(>*(>".:('",*7*(3)()%(3*"#$4U
S(8$.V(35(,&2&7*(,"*U(1G%T&?:&(&'/(,G1G%2()%(%")(0%35135:"1(0%(6)?3$J#*:1$'*&15U
!53%*%2(.5'9$:*3/()%(1).()1*$?('&(0%?>$35(6&(2")5(2*%:1&(3&'&(#$*($61"6*$:&($.*.:&%:&/('&(1*2*35(3$(6&(%*?:&(
45*%*(?*('&(3*"3%&?:&(3$6(0%(3$6(3)()%(6'&.%&:(.&3U(8&(0%3"'53&?:&(3)(91$7)'(?*('&(.:1G%4&(3)(6):&1&$()%)*()1.U(
<)(#G%$('*9&15/(0?*(.3"$:&(K$4$%)'(2*%(:"3)'(4$'9&%(2&(6*&'&(?*($6$.5(4)1$(7&,**(0%(4G:)'()%&*$(2*%:1&(&'&U(
I1#&$=5(:1&*(0#6)?35:)1*(.)33&.*,&U
S((\.:$(((=*3(((?*(((&)((('*3B*2$1&(((6&1>&3:5/(((.:1*45(((C"1:$((()*#*:U(@'"$%7&'&($)(:1&3):(61*%($#G%2")5(
6)*3)7&'&U(<)($(:1&*$(3&(.J$(0%:G#6'$:W
S((\)(("#"1G:J"($3"'"/(('G%45((6"#/((15.6)%2&(((A*3)7)'U(!).)'(()1*$?(61*,&?:&((0%(T)1U((8",&?:&(3)(6*3*"1)'(
3&'&(2")5
3$2$,1&/((B"B":*%2((.*%*.:1)U
S((\(((:15*:(((2&.:)'(((9&.:*$/(((.6)%&(((C"1:$/(((2)3G%2((('$((("3B*(3$1$9*%$((.$(2&((3$'*91)((#$1&U
S((m9"$15J*(((>)2)'**'&D((((0*(((.)4&1&$=5(((A*3)7)'/(((2"1%*3(((2&(15=9)%$1&U
C"1:$(7*%:&?:&(3)(41*T5U(<$1$9*%$(&#*:&()%(6'&.%&:(.&3/(?*(1).)'(,!%*#&1*:U(@'"%7)'(.6&3*$'/(3)(,G1>)'(2*%:1J)%(
"7&'(3$1&(6"$:&(.:156)%4&(3B*$1(?*(9'*%2$T)'/(0*(>$3&(0%(6*&6:("(*#&%.5(4$)15U
S((Y1$%.#*:&J'&(.$'):51*(3&'"1(2*%(*$2/(/'<-($;+P!:)%5(C"1:$/(6)%G%2((3$1$9*%$(($'5:)1*U
Sb(A)*&1&$J3"#*.$1(#*J"('5.$7*(#*&/(.6)%&(A*3)7)'/(:1*#*7G%2("(1$>$'5(2&(4'"$%7&(&X6'"=*,&(0%(2*1&37*$(&*/(
2$1(%J"(%*#&1&?:&U(<$("(=41*67)1"$*35(0%(21)#(.61&()%(.$9$:/(.&(>$3&(%&,5=):5(0%(>)#)'(3$1&(.&(0%$'75(2*%:1&(
1)*%&U
S(C'&35#/((B":515?:&(((;5:1G%)'U
P(!)?**($)(45.*:()%(2&6"=*:(2&(61",*=**(?*("(,1&#&(%)(.&(4G%2&.3(2&3G:('$(T$>U(+3&%$($#*%:&?:&(2&()%($=*'(2&(
%&9)%*(0%(3$1&(:"7*(6$3*&%7**(.)%:(0%(31*=5U(<):**(?*(.:*3'&(=9"$15(0%(:"$:&
(9;O
2*1&37**'&U(F"*(.*9&1*&%*($)(45.*:()%(.$3(3)(>5*%5(6&(3$1&JL(0#6)%4(3)((9$*"%&:&'&/(((0%((3)1G%2/(($1$:5($#G%2"*((3$(
)%(($')$:U
`'*9",*7$(?*(,"23$(3)14(0%(3$.3$25U(K*#&%*(%)J?*(6*&12&(:*#6)'(.5(2&.3B*25(.:*3'&'&U(8&(.6$14(6)1(?*(.*#6')(
4G:)1*'&(0%4B*7*%2(3)('53"#*&(,$')1*(2&($'3""'U
K&(.:1&3)15#($6"*(6&('G%45(=*2)1*'&(3$.&'"1(0%%&41*:&(2&(>)#(8$(3G7*,$(^*'"#&:1*(2&651:$1&(2&(.$:/(%&(3*"3%*#(2&(
)%(6'):"%(1).&.3(2&(#"1:*&1&U
@1&%$2&'&(=9"$15(61*%($&1U(\1#&'&($):"#$:&(3'5%75%&(F)1&$=5(2"$1(3G:&,$(#*%):&(6G%5(1&)?*#(.5(=21"9*#(41)6)'(
2&(#"1:*&1&U
E%:15#((0%:1J)%((.:$)'((6&(T)#5:$:&(2*.:1).((?*(%&(>$3&#(('"3(i(61*%:1&(B"*:)1*'&(3$19"%*=$:&($'&(,*:&'"1U(C"1:$(45.&?:&(
%*?:&(?)%35($>)#$:5(((0%(((.6$:&'&((()%&*(((41*%=*/(((2$1(((%*#&%*(((%J$1&(((6">:5(((2&(#G%3$1&(((0%(($>$15(2&(((C"1:$/(
3$1&((.&(((0%2"$65((3$((2&(("9*3&*U
A*3)7)'(=$3&(0%:1J"(9$':5(2&(.G%4&/(4&#G%2(.>G?*&:"1/(0%(:*#6)'(0%35*&151**(3)(6'):"%)'(2&(#"1:*&1&/()%(4'"%7($(
1*3"?$:(?*(*J$(2&.6*3$:(?"'2)'U
S((+>*%:&(F)#%&=&)'&D(.:1*45(0%41*T"1$:(;5:1G%)'/(2)65(3&(0*(:$*&((6$%:$'"%**U((H(.5J#*((:1&9)*$.35("(.):5(2&(
9$%2$T&(3$(.$()#6')((4"')'(((5.:$U
A*3)7)'()1'5(0%(.&#%(2&(61":&.:(3G%2(;5:1G%)'(0*(:"$1%5(6&(1$%5("(T)#5:$:&(2&('*:1)(2&($'3""'U
S((@)1$D(#G1G*&(;5:1G%)'U(H(.5(6):1&=&?:*(0%(2")5(=*'&(2$35(%)J7*((3)157(4$)1$U
S((I%((3$#*"%D(.:1*45(@1&4"1($'$1#$:U((+&(1*2*35(.5(*$.5(0%(21)#/((()%2&(((:"3#$*((("61*.&((()%(((3$#*"%(((*#&%./(
;)..*%4/(((3$1&(:1$%.6"1:$(((."'2$7*(((>"$1:&(((41$,(((15%*7*/(((0%>5?)1$7*((3)(((:":)'(((0%(9$%2$T&((0#9*9$:&(2&V((.G%4&U
S((@$:$D(((153%&?:&(((?">&1)'U(((A":"1)'(($((*%:1$:((0%((41&,5U(((Z$(:1&9)*((.5((,5((0%:"$13&7*(3)#((6):&7*U
0?*(6)%&($):"#$:)'(.)9(91$7(?*(0?*(:1$4&(4)'&1)'(#$%:$'&*(6&.:&()1&3B*U
S((F"$1(J%J"(((.5(((%&((('$?*((($*3*D(((61":&.:&$=5(((*%2*4%$:((()%(Q$3B:1%&*.:&1(15%*:U(<$($.*.:&%:(.$%*:$1/(&(2&(2$:"1*$(
:$(.5(%&($T)7*U
S((F$:"1*&W(1G%T&?:&(.$%*:$1)'(3*%*3U(+5(?*J"(9$4&(])B1&1)'(0%(3)1D(0?*(6)%&(0%35("(9$%2&1"'5(3)(<1)3&$(!"?*&(6&(
91$7)'(.:G%4U(`*J$(2$:(.&$#$(35()%**(1)?*(%)J*(0#6)?35(6&(3&*(3$1&V>$3(6$1:&(2*%(<1)3&$(((!"?*&U
S((<)'3$7*J,5(6&(=56$25(3$(.J"(.>G1?*7*(#$*()?"1/('&(.)4&1&$=5(&'((15%*7*'"1/(.51*%2((6&.:&((?$%7)'($2G%3/((0%(3)1G%2(
2*.6$1&(61*%(6&12&$)$(((2&(((%*%."$1&U
S((F$35((6)%((,1&"2$:5(#G%$(6&(&'/((0*((,G1(9"$?&'&((6&(4$'/(#G1G*&(((A*3)7)'U00000000000HH"HGHH6"H"H
bb(Y*6**(2&(4&%)'(')*(%)(.&('$.5(%*3*"2$:5(61*%?*/(3"#&%:&$=5
;$13&'"%$(.)#91)U(c*(1&)?&.3(.5(.)61$,*&7)*$.35("1*351)*(15=9"*D
S((F"$#%&/(((3&(((."#%(((0#*((&D((3$.35((@1&4"1((61&')%4/((2&J*(:1".%&.3(>5'3*'&U(K)J#*(6$.5(2&(3&J"(.5(.&(
0%:G#6'&/(%)(,1&$)
2&3G:((.5(2"1#D
C"1:$(.&(0%:*%2&(6&(6"2&$)$(6'*%5(2&(%"1"*/(.&(0%>5?"$15(3)(#$%:$)$(((?*(((0?*(($?$=5(3$6)'((6&(("((,$35((#"$1:5U
S((A$#5/(($?(6):&$((2"1#*((6G%5('$(($%)VD
S((c(9*%&(.5(2"1#*/(9"'9"1".&?:&(\'9&1:(&6)*=$:/(_?*(#"$1:&$(3&$((#$*(()?"$15(&(((0%(."#%D
S((F)65(%*#*3(%)(:G%T&?:&()%(9519$:(#$*(#)':(2&3G:(2)65(."#%U((c((#$*((*#6"1:$%:((3B*$1((2&3G:((1&4)'$:)'(((?*(
#G%3$1&$U
S((<G%2(((2"1#/(((.6)%&(((\'9&1:(((3)((("(((,"3&(((?:&$1.5/(((,*.&=(0%:":2&$)%$()%('"3('*%*?:*:(0%(3$1&(&)(.)%:(6):1&2(
2&(9"4$:/(:"$:5(')#&$(&($#$9*'5(?*(%)(.&(*$(%*#&%*(2&(%&41*(3$(#*%&U(\1%(,*.$:("(2$:5(35(#5($>'$#(0%(>$7$(
*%.:$%7&*/(*$1(T)2&35:"1)'(#*J$(2$:("($#&%25(2&("(.):5(2&(!&*3B.#$1^./(3$1&(6&%:1)()%(:*6($?$(9"4$:(3$(#*%&(%)(
0%.&#%$(#$1&(')31)U(Py*%&/(95*$:)'&D_(*J$#(.6)./(?*(*J$#(2$:(3*%3*(9)#5?:*U(PC5.:1$7*(1&.:)'/(.&%*"1&/(?*(')$7*J,5(3)(
&'("(%&41&.5_U(8J$#(.$'):$:(1*2*3G%2)J#*()?"1(T"9&%)'(?*J$#(6'&3$:D
S((F&(3&(6)1:$*(T"9&%W(Y&(2)3&$*(3)#,$('$(,1&"(6&:1&3&1&W(0%:1&$95((C"1:$((.)161*%.U
S((0%:":2&$)%$(3G%2(#5(,*.&=/(6"1:(T"9&%(2&(#5:$.&(?*("(6&'&1*%5(%&$415/(356:)?*:5(:":(3)(#5:$.&/($'95/(15.6)%2&(
\'9&1:/(=G#9*%2((>&1*3*:U
S((F$35J*(>$3*($.:$(0%(1&$'*:$:&()%)*(T)2&35:"1(4&1#$%/(:&(9$45('$(153"$1&(,1&"(.):5(2&($%*/(3"#&%:&$=5(A*3)7)'/(
3"6'&?*:(2&("(($#$15((&X6&1*&%75(2&((,*$75U
A)4&:)'()%)*(#":"1(2&(3$#*"%(%&(0%:1&1)6&(3"%,&1.$7*$U(K&(:G1G#(%&15925:"1*(.61&()?5U(I%(C)#$(3)("6:(1"7*(
"61&?:&(?*()%(8&):%$%:($1"4$%:(.$1&(2*%(3$9*%5U
S((Z"*(3&(%$*9$(,1&7*W()1'5(&'(%&1,"./(?:&14G%2)J?*(=56$2$(2&(6&((>$75U
S((+5((%&((')$7*((3)((,"*/((15.6)%2&((.3)1:(((;5:1G%)'U
S((\:)%3*/()13$7*J,5(0%(.6$:&D(#"1#5*&(8&):%$%:)'(>515(%*3*()%(U6*3((2&((3B&>U(((K&((4159*#D
S((A)'7*(2*%:1&("$#&%**((#&*(%)(.&((6":(1*2*3$(0%(6*3*"$1&(.*%4)1*/((.6)%&(((;5:1G%)'U
S((]*1J$1(.5(>*&D(0%T)15(0#9)>%$:(8&):%$%:)'/("12"%G%2)J'&(3&'"1(2*%(&3B*6$T(.5(%&(2&$("(#G%5(2&($T):"1U(F$1(
4159*7*J,5D(=9*$15(&'(($4*:$:U((K)(.)%:&#(()%*:$:&(2&((<1)3&(!"?*&U(+)%:&#(&3B*6$((2&(((P3)157&%*&_((2*%((.6$:&'&(
'*%**'"1U
A&#91**(&3B*6$T)')*($)(:":($:G:(2&(6)7*%5(1592$1&(3)(%"*(3$(?*(?&>)'('"1U(K&($=,G1'&(2&J$(,$'#$(0%(.6$:&'&(:)1&'&*/(
>515(.5(7*%5(3"%:(2&()1'&:&'&(%"$.:1&(2&(2)1&1&U
J(S(KJ$7*(>*(6):):(#)1*(6)7*%(#$*(2&#)':/(1$B$7*(6):)1"?*(3&(.)%:&7*WD(.&(157"*&?:&()%(H9&14&>1&*:&1/(3$1&(%&(
>*X&$=5(3)(61*,*1&$(.$(2&(91):5U(F$35(%&(#53&'51&.3(,&3*%**/(%)#$*(,"*(.)%:&7*(,*%",$7*D
S((\?:&$6:5(((%)#$*(((.5(((>**(((:)(((0%((('"3)'(((%".:1)/((($#*3&/(((0k($#&%*%75(C"1:$(.)#91)U(H(.5(:&($1)%35#(0%(
41"$6$(2&(4)%"*/(.5(:&((B$'&$.35(((?"9"'$%**U
S((]*)'&/((($1(((>*(((#$*(((9*%&(((6&%:1)(((:*%&(((.5J%3B*=*(((9":)'/(((0'($,&1:*=&$=5(0%>)1*$:(H9&14&>1&*:&1)'U(\':>&'/(.J$1(
6):&$(.5()*:5#(35(((&?:*((6&J$*3*(((3G%2((6'&35#D
S((H#&%"?*(((95*&7**(((5?:*$/(((%)W((0%:1&$95(((@1&4"1(("9".*:U
S((<1&=*W(((1G2&((($31)(((H9&14&>1&*:&1)'U(((\?:&$6:5(((%)#$*(((.5(6"1%*#(2153*$($.:$U(c)(.)%:(?">&1)'(?*J"(.5(>$3(:":(
3&J#*(.:5(0%(6):*%75((3$((.5((,5((=4)2)*((=21$,5%(((2&((:":D
S((H(.5($#(41*T5(.5(>**(.3".('$(1$6"1:/(=9*$15(-&*2&(>)1*".U(AJ$*(((0%7&'&./(((H9&14&>1&*:&1W
S((m5)W(((1G%T&?:&((($3&.:$(((9$:T"3"1*:"1/(((>53G%2)J*(((.&#%(((3)("3B*)'()%)*(@&>1&*:&1(.3)%2/(3)()%(%$.($.3)7*:(?*(
3)("('*351*1&(2&(P@1"..(((F&):.3B'$%2_(((0%((("3B*U(((\6)35JL(((6&(((I%:&1">>*=*&1(((2&(6*3*"$1&'&(.$'&(6'$:&(?*($*(41*T5(
.5(%)(*(.&(0%:G#6'&(%*#*3U(\1(>*(653$:(((.5(((%)(((%&(((#$*(((1$6"1:&=&D
S((Y$3*("2$:5/(.&(15.:&?:&(8&):%$%:)'/(3)("(&%&14*&($61"$6&()3*45:"$1&U(C&(I%:&1">>*=*&1)'(5.:$(0'('5.5#($*^*/(
"12"%5(&'(.3)1:U(C"$:&(.5(%&(1$6"1:&=&(?*(.*9&1*&%*'"1/(3$1&(,"1(.".*(3G:(2&(3)1G%2D
;1).3/(3&*(2"*(."'2$7*(0'('$.5(6&(-&*2&(.5(3$25U(+&(*=9&?:&(3)(3$6)'(2&J)%($13(#$.*,/(.3"$:&()%(7*65:(?*(0%3&6&(.5(
.G%4&1&=&('$(3&$>5U
S((\(#)1*:(%&%"1"3*:)'W(0%:1&$95(."'2$:)'(3)(%$.($.3)7*:/($*(351)*((("^B*(((.3'*6&.3(((2&J"((9)3)1*&(((2*$,"'&$.35U
S((F*%(653$:&/(%)(0%35/(15.6)%2&(H9&14&>1&*:&1)'U(F$1("(.5JL($?&=5#((($*3*/((('$(((#$14*%&/(((6"$:&JL(((6*&12&#(((6&(
21)#U
U(S(@$>$/(.:1*45(8&):%$%:)'U(K)(#$*($,&#(:*#6D(!&.:)'(,"1(>*(')$7*(2&()1#5:"$1&$(351)75D
S(((\2*35((2&((1)?*/(B"B":&?:&(H9&14&>1&*:&1)'/(.:1&3)1G%2)J.&(61*%(((:1$6$(((?">&1)')*(((?*(((0%3B*=G%2J"((0%((()1#$(
')*U
S((\457$7*J,5(3)(2*%7**(?*(3)(#52)'$1&'&(2&(2&.3B*=5:)1*'&(2&(,&%:*'$7*&D()1'5(9519$:)'(3)(%$.($.3)7*:l(2*.6$1&(0%(
:)1&'5/(1G=G%2(=4"#":".U
8&):%$%:)'(((%&((61*,&?:&((%&1,".((?*(0?*(6":1*,&?:&((#*31">"%)'U
S((C$%=&1D(<)(:"$:5(,*:&=$(0%$*%:&/(#$1?D("12"%5(&'U(+&(,G15(?*(((3*(((0%(((:)1&'5/(((0%3B*=G%2(((:1$6$U
K)($6)35#(.5(%&(0%2&651:5#(61&$(#)':/(3G%2(61*#)'(2*%:1&(%"*(#"$1&(0%4B&7$:U(c()%(*%>$%:&1*.:(.'$9/(3)(91$7)'(
21&6:($#6):$:U
*,**00000000000000000000000000000U((((((_00000000000000000000000000V000000000000000000000"6O
bb(I%)'(2&J$*3*($(')$:J"(.61&(Z$'B$''$/(3"#&%:&$=5(A*3)7)'/
0%(:*#6(3&(0#6*%4&(3$2$,1)'(6&.:&(9"12/(>53G%2)J%&(#$*(#)':
E"3U
C)#$(((9'*%2$:5(((4"%&?:&(((0%((T".)'((()%&*((6$%:&(($91)6:&U((I%
]&'2R&9&'(&($1)%3$:(6&(21)#)'(0%4B&7$:l(.&('",&?:&(2&("(6*$:15($.3)7*:5(?*(3$6)'(*(.&(.6$14&(3$("(3"$T5(2&(")U(]515(
$(>*("9.&1,$7*/(2"*(2*%:1&(3&*(#$*(41$,(15%*7*(.J$)(.)>"3$:(3)(4$=&(2&(&?$6$#&%:U(\)($,):(4B*%*"%)'(.5(>*&($?&=$7*('$(
#$14*%&/('G%45(2&.3B*=5:)1*'&(2&(,&%:*'$7*&($'&(#":"1)')*U
bb(H61*7*/("61*7*(*2*"7*'"1D(=9*$15(>)1*".(A*3)7)'/(*=9*%2(3)
$):"#$:)'(0%(:$#9)3B*U
Y1$6$(15#G%&(0%3B*.5U(<B*$1(2$35(%&J$)($)=*:/(%)(1&$37*"%&$=5(0%(%*3*()%(>&'U
S((;$%25((2&(()3*4$?*((%&%"1"3*7*D(((153%&?:&((-&*2&/(3$1&((?*J$(1&3565:$:((3)%"?:*%7$U(((\1&((3&$>$((9$%2$T$:5((3)(("(
&?$1>$U
S((]**(#)'7)#*:(35(:&J$)(')$:/(.6)%&(;5:1G%)'(&6)*=$:U(\1(>*(6):):((>"$1:&(((9*%&(((.5(((:&(('$.&(($3"'"/((>**%235((0%(
%&9)%*$((:$(($*(0%3&6):(.5J*($#&%*%7*(35J*(1$6"1:&=*U(Y"7*(?$.&(.)%:(1&3*(?*(31)%7*
_(3$((("(((*$1%5(((1).&$.35U
H(&X6'"=*&(3):1&#)15:"$1&(0'(0%:1&1)6&U(I%(3"'7($'(:)13*&*(2*.6$1&(?*(.&(,&2&(61*%(4$)15(*%:&1*"1)'(,&B*3)')')*U
S((H9)=((($%:*:$%3/(((4&#&(((:&1"1*=$:(((@1&4"1/((('*6*%2)J.&(((2&
:)1&'5U
@1&)'(,&B*3)'(9'*%2$:(.&(0%:"$13&(?*(:1&3&(.31G?%*%2(6&.:&(:)%)'($%:*:$%3($#6'$.$:(0%:1&(2")5(:)>&(2&.>1)%=*:&U
Y)%)'((&((=21"9*:U
F"*(,G%5:"1*(2&(:$%3)1*(1)?*/(0#9153$7*(*%()%*>"1#&(6"%".*:&/($'&$145(3)(2*.6&1$1&(6&(3G#6U(C)?3$J#*:1$'*&15(2&('$(
9":)'(C)#&*(.3)*65(0%()1#$('"1(4'"$%7&J:1$."$1&U
C1*#)'(."'2$:(&($1)%3$:(0%(>$75(?*(15#G%&(3)'3$:(0%(=56$25/(3)(:1)6)'(3"%:"1.*"%$:U(<&'5'$':(&(.:1*,*:(.)9(1"7*'&(
*#&%.&($'&(C)#&*U(Z&B*3)')'à.&(.#)3&?:&(91).3(?*(6"1%&?:&(0%(#$1?$1*&1(3)(,*:&=5(#$X*#5/(0%21&6:G%2)J.&(.61&(
3$6"1$')'(3$1&(?*J$(1*2*3$:(91$7&'&(0%(.&#%(35(.&(61&25U(<G%2(.*#:&(35(#$?*%$(9'*%2$:5(0'(,$(*=9*/(.&(6*&12&(3)(>*1&$(
?*(0%3&6&(.5(>)45(0%(3&13U(C)#$(.&(T"$35(3)(&'(2&J$(?"$1&3&'&(?*(6*.*3$U(F&(>*&3$1&(2$:5(3G%2(.&($61"6*&(2&(1)./(
?">&1)'(6)%&(>1G%5(?*(1&2)3&(#":"1)'('$(:53&1&U
S(<&(%$*9$W(.:1*45(;5:1G%)'(&%&1,$:U(C$135(%&J$#()13$:(0%:1J)%(9$'$#)3(6&(1"7*D
!).)'(.&(6159)?&?:&(0%(=56$25/(0?*(0%5'75(#G*%*'&(35:1&(#$?*%5/(*#6'"1G%2(#*'5U(\3&$.:$(.&("61&?:&(2&(6$135(.J$1(
61&45:*(.5(.&(%56).:&$.35(.61&(&'U(A":"1)'()1'5('$(*%:&%.*:$:&(#$X*#5U
E#&%.)'(,&B*3)'(6&("6:(1"7*(6"1%&?:&(?*JL(=21"9&?:&(6&(1).U(0%(%)(#$*(15#G%&(2&3G:("(6$:5(0%.G%4&1$:5U
(>(
S((0*(1$6"1:&=/(.5(#5(*$(21$3)V(2$35(%)D(=9*$15(0%>*&19G%:$:(;5:1G%)'U(K)J*(2&(#*1$1&(35(%&("#"1$#()%**(6&($'7**(0%(
,1&#)1*'&($.:&$/(((2$1((3&J$)(((>53):(((&*(((2&65?&?:&((("1*3&((('*#*:5D
S((K)(31&=*(35($1(>*(#$*(0%7&'&6:(2*%(6$1:&$(:$(.5(.:$*(3G:(#$*(2&6$1:&(2&(Y"14$)W(0%:1&$95(C"1:$(1G%T*%2U(]**(.*4)1(
35(@).:$,(3&'(2&(]*&1[($b$>'$:(3*%&(*J$(95):(3"%*$3)'(?*(*J$()#6'):(.:*3'$(3)(6*?$:(((2&((3$'D
S((@).:$,(3&'(2&(]*&1(%)(#$*(&('$(Y"14$)/(.6)%&(;5:1G%)'/(.61&(#$1&$(%"$.:15(.)161*%2&1&U(\3)#(&(
-$)6:R$3B:#&*.:&1('$(@&1#&1.B&*#D
8$("(3)195(6&1*3)'"$.5/(?">&1)'(C)#&*(6*&12&(3"%:1"')'(,"'$%)')*U(Z&B*3)')'(0%3&6&(.5(.&(3'$:*%&/(.&b(0%3'*%5(6&.:&(
#$14*%&$(21)#)')*(?*(3$2&(6&("(6$%:5($91)6:5/(0%()1#5:"$1&'&(.&3)%2&/(.:156)%4&(4B&$7$(41"$.5(3$1&($3"6&15(
.)61$>$7$(1G)')*(?*($6$(1&3&(%&(0#61"$?35(2*%(3$6(6G%5J%(6*3*"$1&U(+)%:&#($3"6&1*7*(*#&2*$:(2&(4B&$75l(#":"1)'(
:)?&?:&(.3)1:(?*(.&("61&?:&U
S((<B*$1(35(#J$#(.5:)1$:(2&(15=9"*)'(5.:$(#"%2*$'/(153%&?:&(C"1:$(0%(#"#&%:)'(0%(3$1&(.3565#(2&($#&%*%7$1&$(
.'"*)1*"1(2&(4B&$75U(Z1&$)(.5(6'&3($3$.5(?*(.5(#5(9$.3)'&=(2*%(%")(0%:1J)%(3'".&:(((2&(((6"17&'$%l(((,1&$)(((.5(((#5(
9)3)1(((2&(((:"$:&((($,$%:$T&'&(3"%>"1:)')*(#"2&1%U(8$.5J*(6&(1)?*(.5(.:&$(6&(9)2&'&('"1(2&('&#%(0%4B&7$:(.$)(.5J?*(
>$35(%&,"*'&(0%(41"6*(?*(.5(.&(?:&$145('$(3)1(3)(6*&:1*?D
S(((\3$.5D((((0%4G%5((((;5:1G%)'((((6&.*#*.:U((((KJ"((((.5((((%&((((#$*(0%:"$13&#(($3$.5D
<)(&>"1:)1*(.)61$"#&%&?:*(*&?*#(2*%(%")('$(21)#)'(#$1&(?*(:1&3&#(6&.:&(15#5?*7&'&(6$1$,$%)')*(2&(9&:"%(2&(3$1&(
.J$(*=9*:(#$?*%$(9'*%2$:5U(H61&?:&("(.$%*&(#":"1*=$:5(?*(%&(.)*#(0%(&$U(`">&1)'/()%(H9&14&>1&*:&1(2*.6&1$:/(3)("(>$75(
')%45(2&(3$'/(.:5('G%45(3$2$,1)'(0%4B&7$:($'()%)*(H9&1.:U
S((<&J$1(>*((.5JL($1)%35#(6&(?:59)'&7)'(5.:$W(\#($,&$(#$*(#)':((('"3/(((.)4&1&$=5(((C"1:$U(((<1&2(((35(((%*3*(((%)(((*J
$1(((#$*(((65.$U
S((K)(.&(6"$:&/(15.6)%2&(]$75(2&(<$'U(c'(&(6&1#*.)'(#&)(2&('*9&15(((:1&3&1&h((CG%5(($3)#/(($#(((:1&3):((2&T$((61*%(
3*%3*((.):&(2&(9$1$T&(1):*&1&U(8&(.6)%(35(&(?&>)'(2&(.:$:J#$T"1(?*(35($#(61*#*:("12*%(.5JL(2)3(0%$6"*/(3$(.5($*95(
6$1:&(2&(>)%&1$'**(31&?:*%&(3)($2&,51$:((((%&#7&?:*D((((+:&$4)1*/(((:"9&/(((:1"#6&:&(((?*((((:"T(((1&.:)'D(Y$3G#)'(
"9*?%)*:(((6&%:1)((()%(((?&>(3$1&(((6'&$35(((.61&(((Z$'B$''$U
S((0%3":1"(:&(0%21&67*W(0%:1&$95(@1&4"1/(>53G%2)J?*('"3('G%45('&?)'(((0%4B&7$:U
S(((f"'%/(((15.6)%2&(((]$75(((2&(((<$'/(((3)(J()%(((%&3B&=$:U
S((Y1&9)*&(3J$*(B$'*:()%(3"#*.$1(?*(7*J$(35=):(41&)/(1&#$135(C"1:$U(H(.5($:G1%*(:)(3)(#)':(0%$*%:&(.J$T)%4*('$(f"'%/(
*$1(?&>)'
_(((Z3q*(((d-$-g$3%!!!+,!!!0-(V"
[(:$(2&4&1$:(,$(>*(.6G%=)1$:("(2$:5(3)(:*%&/(3$(.5('&(>*&(3&'"1'$'7*
>%,575:)1G((2&(((#*%:&U(((((((U00000000000000000000000000000000000U000000000000000U
bb(+b{(31&=*(:)/(*%:&1,*%&(-&*2&(6&()%(:"%(.*4)1U(I%)*(.&:(2&
.:$:J#$T"1(3)(6&:'*7&(1"?**(*(.&(2&.3B*2(:"$:&()?*'&U(<B*$1(?*($:)%3*(3G%2((&(((#"1:U((<"6"**((2&,*%((2&J$((21&6:)'(
"#&%"?*U
bb(u1$7(((0%:1J$2&,51/(((?&>)'(((:5)(((2&((((.:$:J#$T"1W(((0%:1&$95
;5:1G%)'/(((61*,*%2(((4G%2*:"1(((>$7$(((0%4B&7$:5((($(((H9&1.:)')*/(.3B*#"%".*:5((0%:1J)%((1G%T&:((3$2$,&1*3U
bb(+*4)1(35(2$/(15.6)%2&(]$75(2&(<$'U(Y"3#$*(%&(2).&.&#(.5
3&13&:5#($#6'$.$#&%:&'&($1:*'&1*&*/(3G%2(,&3*%**($)($1)%3$:()%("9)=(?*(*J$)_(')$:(6*)*:)'(9$?:$%)')*U(<"#$%2$%:)'(
2*,*=*&*(#*J$("12"%$:(.5($#(41*T5(.5(*(.&(>$35("(0%#"1#G%:$1&(31&?:*%&$.35/(6)1(4&1#$%5/(')31)(*#6".*9*'(0%(7$1$(
$.:$(654G%5U(\?$(3GJL(2)3(6&(41$%4)1('$(f"'%/()%2&(?:*)(35(&X*.:5()%(3*#*:*1(3$:"'*3(9*%&3),G%:$:(2&(C$6$(C*).($'(
áEEJD&$U
S((F$35(1&)?&?:*/(&X3'$#5(C"1:$(&%:)=*$.#$:/("(.5J#*(.3":(?*(65'51*$((?*((?".&:&'&((0%(((>$7$((:$D
S((K)((31&2/((.6)%&(((.)#91)((@1&4"1U((CG%5(('$(()1#5((:":(("(.J$T)%45('$()%(6)%3:(2&(3"%:1"'()%2&(,G%5:"1**(2&(
3$6&:&("1(.5J*(6)%5(0%:1&951*(?*/(3G:($*(3'*6*/("(.5(.&(:1&=&$.35(3)("(>1G%4B*&(0%(T)1)'((4G:)')*U((\2*"((f"'%D
S((F1$3&D(((.:1*45((C"1:$(0%>1*3"?$:U
0%(>$7$(%"$.:15(.&(=51&?:&()%(6)%3:(2&(3"%:1"'($'(C"'*7*&*(#*'*:$1&l(.&(,52(>&'*%$1&'&(?*(*%2*3$:"$1&'&(2&("61*1&U(
Z&B*3)'&'&("61*:&(.)%:($'*%*$:&('$(#$14*%&$(21)#)')*(?*(41)6)1*(2&(."'2$7*(.:159$:(3G#6)'U(F*%(3"6$3*($:G1%5(
3$2$,1&U(C"'*7*?:**(#*'*:$1*/(0%$1#$7*(6G%5J%(2*%7*/(.)%:(3"#$%2$7*(2&()%(-$)6:#$%%(3)("(0%>57*?$1&(.3G19"$.5(3$1&(
.:5(3)($):"#$:)'(61&45:*:U
S((F&()%2&(,&%*7*(?*(0%3":1"(,5(0%21&6:$7*W(0%:1&$95(&'(3)("(,"3&((:)%5:"$1&U((H12*%&'&((2&((2&6'$.$1&D
S((F$/(.5(:15*7*D(.6)%&(]$75(2&(<$'/($'(351)*(:"%(:152&$=5("(&X6&1*&%75(0%2&')%4$:5(0%($.:>&'(2&(.*:)$7**U(C&1#*:&7*(
.5(1$6"1:&=/(.5(:15*7*D(cX&3):("12*%)'(3"#$%2$%:)')*(2*,*=*&*/(.5(:15*7*D(`&>)'(%".:1)((2&(((.:$:J#$T"1/(((35=):((0%(
')6:5/(((:1&9)*&(((:1$%.6"1:$:(('$(<*#*:*1)'(c1"*'"1/(.5(:15*7*D(C&%:1)(>)%&1$'**(%$7*"%$'&/(.5(:15*7*D
-$)6:#$%%)'(2*%(C"'*7*$(V#*'*:$15(6$1&(.5(3G%:51&$.35(.*:)$7*$U(C1*,&?:&(95%)*:"1(.61&(H9&1.:)'(0%4B&7$:(?*(%)JL(
"9.&1,5(6&(C"1:$/(3$1&(3"9"$15(2*%(.$%*&(>515(%*3*()%(=4"#":(?*($6$1&(91).3(0%(.6$:&'&(')*U
C&1#*:&7*(.5(1$6"1:&=/(.5(:15*7*D(153%&?:&(C"1:$(0%:1J)%(&[3&.U2&(=&'(#*'*:$1U(\,&#(%&3$=)1*/(.5(:15*7*D(E%(.6$:&'&(
%".:1)/(.$U(:15*7*D(@&%&1$')'(2&(3"16(2&($1#$:5/(.5(:15*7*D(c(7*%):(0%('"3(3)($'$*)'(.5)(3)(:":/(2"#%)'&D
H>*7&1)'((6"'*7*.:((.&((0%:"$13&((91).3(?*((.&(B"'9&$=5(>)1*".('$
Lnd
PQ/=R/N@SN:?0:T

C"1:$/(3$1&(.$'):5(7&$65%(0%(6"=*7*&(2&(21&67*/(2)3G%2(#G%$(*$(3$6)'((9$%2$T$:U
S((`*(3&(#5(61*,&?:&(6&(#*%&W('$:15(&'U(F&.61&(3$1&(4&%&1$'
,"19&?:*W
S((K)((?:*)/((.5((:15*7*D(((15.6)%2&(((C"1:$U((`:*)((2"$1(35((&(()%(4&%&1$'(((.).J6).(((3$1&(((.$2&((0%(((f**9&')'(((.5)(
A&13&2&.((?*((()1'5/(2"#%)'&D((H9&14&>1&*:&1/(#*J$(.6).U(F)J:&('$(-$)6:#$%%)'(5'$(2*%(C"'*7*$(#*'*:$15(?*(.6)%&J*(
35(*J$#("12"%$:(.5(,*%5($*3*(3)(:"7*((("$#&%**(((')*D
S((C:*)/(21$3&D((0%T)15((&%&1,$:((">*7&1)'(2*%(C"'*7*$((#*'*:$15U(I%2&(&(4&%&1$')'(5.:$($>)1*.*:W(C"7*(.5(?&=*(6&("(
#":"3*3'&:5W(Y)/
H9&14&>1&*:&1D
S((!&41&:/(2"#%)'&/(#*J&(*#6".*9*'D((\#(>&.&'&(3*)1)*:&/(.5
:15*7*D(((!)?**(((#*J$)((*$3):J"/((2"#%)'&D
S((E2*":)'&D(((*J"(((1&:&$=5(((.3)1:(((-$)6:#$%%)'U(((0?*(((0%3$'&35(#":"3*3'&:$(?*((6"1%&?:&(0%(4"$%5/()1#$:(2&(:"7*(
3&*($>'$7*(.)9
3"#$%2$(((.$U
C"1:$(%*3*(%)(.3J()*:5(0%()1#$('"1(?*(0?*(1&*$('*%*?:*:('"3)'(0%
.$%*&U
S((]*1J$1(.5(>*&/("1(.5J?*((*$.5(2*%((#*%7*(3G%2("1(.5J?*(2&$(.&$#$(35()%(615652*:(2&(H9&14&>1&*:&1(*J$(>53):(.5(.&(
6'*#9&(2&4&$9$D((.&(.3):)15(2&(1G.(]$75(2&(<$'U(H1(.5J7*(=9"$1&(3)1)'(2$35((("1((.5(((#$*(((2&$(((,1&"2$:5((("3B**(((3)(
:*%&D
S((KJ"1(.5((#5((#$*(45.&$.35/(0'($.*4)15(C"1:$/(.3)*6G%2(0%
=56$25U
F)65(((3G7*,$(((^*'"#&:1*/((($T)%4&#(((0%(((.6$:&'&((()%&*(((3"'"$%&(%&.>G1?*:&(2&(3$#*"$%&(.)61$0%3513$:&(3$1&(.J$)(
0#6":#"'*:(0%
%"1"*U
I%(((H9&1.:(((.:5(((0%(((#*T'"3)'(((21)#)')*/(((>53G%2(((.&#%&(((3)
$):"#$:)'U
S((\>$15D(153%&?:&(&'(:)19$:U(\>$15D(K)#$*(?">&1**(15#G%(0%
3$9*%&D
K)(>$3&(%*#&%*(%*3*("(#*?3$1&U(K*#&%*(%)(,1&$(.5(3"9"$1&U
S((<&(.&(0%:G#6'5($*3*W(0%:1&$95(3)1*".(@1&4"1/(')%4*%2)J?*
4G:)'U
S((I%(:*35'".("9.&2$:(2&(15=9"*/(3$1&(>$3&(6&(&1")'U(Z1&$(.5("14$%*=&=&(6"=*7**(2&($651$1&/(0'('5#)1&?:&()%(
I%:&1">>*=*&1(2*%(3$9*%$(()%)*(((;**..*%4U((0*(:":(25(0%$*%:&(3)(T)15#G%:)'(>$75(2&(.:&$4(?*($':&(61".:**U(+5($6515#(
Z$:&1'$%2)'(6G%5('$()':*#)'("#(?*((()':*#)'((4'"%7U
S((K)(.&(#$*(.$:)15("2$:5D(159)>%&?:&(;5:1G%)'U(H$1&(%J"(.5(#$*($)=*#($':3&,$(0%($>$15(2&(P.5(')6:5#(6G%5('$(
)':*#)'(4'"%7_(?*(((P'&45#G%:)'(((>$75(((2&(((.:&$4_W
S((A2$/(((P'&45#G%:)'(((>$75(((2&(((.:&$4_D(((jF5(((2*%(((#G%5((($('&B$#*:&Uk(((F$#9'$)$(((4&1#$%5D(((">:&$=5(
C"1:$U
(>+0000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000E00000H00H
b(<)#(.&(0%:G'%&.3(:1&*(%&#7*/(3)#(0%3&6(.5(>$35(T)15#*%:&(+:$:)')*(?*(F)#%&=&)')*(4&1#$%U(`*(3&'(#$*(41$,(&(35(
0%:":2&$)%$(.&(45.&?:&(3G:&()%(:G#6*:(4$:$(.5(%&(35'5)=&$.35
6G%5J%((*%*#$((*$2)')*U
]
((((b(\T)%4&D(=9*$15(-&*2&(T*4%*:U(YG#6*:D(+)%:(3"%,*%.(35(>$3*
$')=*&(('$((]**B1&1D
b(C&%:1)(35(&'(%&(3"%2)3&($3)#D(1G2&(C"1:$(2&4$T$:U(F$1(#$*(&X*.:5(?*($'7**(3$1&($)(1$B$:(0%:1&()1&3B*(3$(?*(&'(?*(
3$1&(.)%:(4$:$(.5(3G%:&(PF*&(K*&9&')%4&%_/($?$(0%3G:(%"*/(%&#7**/(.5(%&($'&4&#(3)(>)%2)1*'&(615T*:&(0%(:*4$*$(
%$7*"%$'5U
b(E2*"7&%**(#&2*&,$'&/(3$1&(%)J*(6":(:1&3&(61*%(3$6(2&3G:()%)*(%&$#7(%$7*"%$'*.:/(.6)%&(@1&4"1(3)(2*.61&7U
p)'*).(-&*2&($#)7&?:&(3"#6'&:U(K)(#$*($)=*.&(0%(,*$7$(')*($?$(3&,$U(+5(%)#&?:*(3$6"2"6&1$(%$7*"%$'5(PF*&(
K*&9&')%4&%_("(415#$25(2&(1$B$:D(0?*(%":&$=5(0%(3$1%&7&'(2$:$/("1$(?*(%)#&'&
3&'"1((61&=&%7*U
A*3)7)'(((61*,&?:&(((3)1*".(((6&.:&(((()#51)'(((')*(((.*(((0%3&6&(((.5
>1&2"%&=&((>$'.h
f,%%!!-)),!!'%/(,'!!],(+,%5!+-%%5"!A),$A,%!!!]$(!+3*2!!!/(,'"""\"
+$%*$(3)(#":"1(4"%&?:&(3)(:"$:5(,*:&=$(6&.:&(.:&65/(0%2&651:G%2)J.&(2&(3"%,"*)'(^*'"#&:1*3(0%7&6&%*:(0%(=56$25(?*(
2&(H9&1.:)'(#$%*$3/("9.&2$:(2&(4G%2)'(.*%)3*2&1**/(3$1&J?*($4*:5
6*.:"')'J#*:1$'*&15((61*%(($&1U
I%(?*1(2&(:$%3)1*($6$1&(2*%(.:&65/()1#$:(0%2&$61"$6&(2&(:1$%.6"1:"$1&(9'*%2$:&(?*(2&(.5%**(#":"1*=$:&U
S(\#(%*#&1*:(0%(#*T'"3)'()%)*(3"%:1$$:$3/(:A$-(7!0%>1*3"?$:(;5:1G%)'/(61*,*%2(')%4(:)%)1*'&($):"61"6)'.$:&(3$1&(
:1&3
:)#)':)".((6&(('G%45((%"*U
<)()%(=4"#":(3$1&(%&(=21)%3*%5(%&1,**/(0?*(>$3&($6$1*7*$(2*%:1&(%"1*("(&.3$21*'5(2&(+:)^$.)1*[[(3$1&($1)%35(9"#9&(
0%(2*1&37*$()%*:57*'"1(1).&?:*(0%(1&:1$4&1&U(;$:$'*"$%&(0%:1&4*(0?*('&$6525($1#&'&(?*(1*2*35(#G*%*'&/(2"$1(6&%:1)(/($(>*(
.:1*,*7*(.)9(?&%*'&'&(:$%3)1*'"1(3$1&(.&(%56).:&.3(61*%(=56$25(0%:1J"(%&.>G1?*:5
3"'"$%5(()3*45:"$1&U
<"9"1G#(2*%(.$%*$(3)(#":"1(0%(3'*6$(0%(3$1&($T)%4&#('G%45(.6*:$')'(2&(3$#6$%*&/(6'*%(6G%5('$(1&>)=(2&(15%*7*U(
]$75(2&(<$'(%)(,1&$(.5(%&(2)35(#$*(2&6$1:&U(c(3"%,*%.(35(.&(,$(2&.3)13$(#)':(#$*(9*%&(%)#$*(3)(?&>)'(')*(2&(.:$:J
#$T"1(0%4B&7$:U(U
[(R@%+!!)39$!!*,$)-)B$!!<3(!!/(7+-5g!!N3$!!<30!!(70@%,!!*(,+$%*$3;$"""![(+:)^$(S(61&.3)1:$1&(2&('$((((#$'(:[-04==)'&:,'$Y!!!S($,*"%(2&(
')6:5(0%(>"'".*:(0%2&".&9*((0%((9"#9$12$#&%:((T%"/"V"
Lnv
0*(.:1&3)151*()%(9$3?*?(?*(1&)?*#(.5(15#G%&#(0#61&)%5U(F$35(%&(2&.6517*#/(.J$1(6):&$(.5(%)(%&(#$*(1&45.*#U(
F*,*=*$(%"$.:15(&(2*.:1).5(?*(&(6".*9*'(.5(%)(#$*(>*&(%*3*"2$:5(1&3"%.:*:)*:5U
S(((;&1'*%/(;&1'*%/(,*%(.61&(:*%&D(,*.&$=5(C"1:$(3)(,"3&(:$1&/(1G%T*%2(((>&1*3*:U(((Z"1(((>*((()%**(((3$1&(((,"1((>$3&(((6&(
&*(((2&(((>1*35((('$(0%:"$13&1&$(((#&$D
F"*(*%>$%:&1*?:*(=$3(6&()%(#"1#$%(2&(6$*&(#)12$1&U(<$6&:&'&('&(.)%:(3"#6'&:($3"6&1*:&(3)(9$%2$T&/(0%($>$15(2&("(
#*35(2&.3B*=5:)15(0%(21&6:)'(4)1**U
S((0#6)?3$:(((0%(((3&$>5/(((.6)%&((()%)'(((2*%:1&(((&*(((3)((("(((,"3&(154)?*:5/((4&.:*3)'G%2(((3)(((2&4&:)'(((0%%&41*:(((2&(
4&1U
S((0#6)?3$:((0%((3&$>5W((0%:1&$95(()*#*:((;$13&'"%$U(+&(6"$:&(.356$((2)65(($?$((3&,$W
S(((c)(((.)%:((("(((2",$25(((35(((.&(((6"$:&/(((1&#$135((()%)'(((2*%:1&(."'2$7**((3)((3$6)'((9$%2$T$:U(((\#((35=):(
61*="%*&1*((:"3#$*(3G%2(%&J$#(6515.*:(6"=*7**'&U((8$(0%3&6):(.J$)(6)1:$:(%"1#$'U(K&J$)(')$:(((2"$1(((3&$.)1*'&U(((E,$%(
%)(((.&(((4G%2&?:&(((2&3G:((('$(((3&$.)1*/(9*3*3'&:&(?*(>&#&*U(K)(25(2"*(9$%*(6&($':3&,$U(\($651):(0%.5(?*()%(
C"'^",%*3[(?3B*"6U(@&%)'(2&(:*6(6&1*3)'"./(3)(K$4$%)'(0%:1J)%(:"3(4$'9&%/(2&.3B*.U(c'(0%.)?*($('*3B*2$:(2"*(++J*?:*U(
;$%4D(;$%4D(I%(4'"%7(0%(#51)%:$*&/(?*(3)($':)'('&J$(=9)1$:(31&*&1**U(\6"*($()1'$:('$(%"*(?*(%&J$($.*4)1$:(3J"(.J"(
.>G1?*#('$(>&'U(K&J$("12"%$:(.5(%&(0%3"'"%5#(?*($#(6"1%*:(0%(#$1?(35:1&(15.51*:/(0%(3"%>)=*$(4&%&1$'5/(((3G7*,$((($)(
1&)?*:(((.J"((?:&$145U(((!)?**(((%J$)((>".:((61&$(0%3G%:$7*(((3G%2(((?*J$)(((2$:(((.&$#$(((35(((%)#51)'(((%".:1)(((%)(((#$*(
3"1&.6)%2&U(K&J$)(')$:('$(95:$*&/(*$1(3&'"1(:1&*(."'2$7*(3$1&(.J$)(6159)?*:(&6)*=$7*('&J$)(.>51G#$:(7&$.:$/(2)65(3&('&J
$)(.:156)%.(6G%:&3&'&(((3)(((9$*"%&:$U
C"'^",%*3)'(?3B*"6(6'&3$.&(?*($#(31&=):(35(%&(,"1(31)7$U(F&("9*3&*/(."'2$7**(%)(.)%:(61&$(3G*%"?*(3)($'7*(."'2$7*/(
3B*$1(2$35(6"$1:5()%*>"1#&(2*>&1*:&U(K&J$#("61*:(0%:1J)%('"3(9*%&($256".:*:/(2&()%2&(.&($)=&$)(=4"#":&'&(
#":"$1&'"1U
!)?**(.J$)($2)%$:(0%(41)6(?*($)(0%3&6):(.5(%&(61*,&$.35(3*)2$:U(<1&2&$#(35(#":"$1&'&(3)(61*3*%$(.)%:(A$*9$3B)1*(
?*(35(&(6&(3$'&(.5($*95('"3()%(3"%:1$$:$3U(F$1(.&(651&$(35('"3$'%*3**(6)%&$)('$(3$'&(3&,$()1G:U(;"'9"1".&$)(0%:1J)%(
2*$'&3:($.*$:*3(3*)2$:(?*(9&$)(?%$6.(%&#7&.3(2*%:1J"(9):&'35U(F)65(3&(.J$)(6*'*:/($)(0%3&6):(.5(3G%:&($:G:(2&(:$1&(
0%3G:(6):&$)(>*($)=*7*(2&('$(3G7*,$(^*'"#&:1*U(F*%(3G%2(0%(3G%2/(%&($#&%*%7$)(3)(f$'$?%*^",)1*'&(?*(%&(61"#*:&$)("(
35'5:"1*&()14&%:5(.61&(C"$1:$(!$*)')*/()%2&(,"#(.356$(2&(15=9"*U(F*#*%&$7$(%&J$)("12"%$:(.5(%&(0%3"'"%5#(6&()%(
.*%4)1(1G%2(?*(.5(#51?5')*#(61*%:1J"(652)1&U(K&J$#("61*:(0%:1J"(6"*$%5(0%(3$1&(.&($>'$)(3G:&,$(:)%)1*
[((C"'^",%*3(((S(((3"'"%&'(((j0%(((E9U(((1).5kU
(>9
-V(:1).&U((\#((.*#7*:((4)1$(((1&3&(($((7&,**(()%)*((6*.:"'((3)#((#*(.&
61"6:&?:&(0%((3&$>5U
C-.=$+-%$-5!1($/:>5!$(?)*&1$:(*%2*,*2)'(2*%(.6$:&'&(#&)/(>&1*3*:()%(6"13(3&(.&(:5,5'&?:&(0%(#"3*1'5U(I%(6"3%&:(.3)1:/(
?*(0%:1J"(>('&&1$1&(#*J$(2*.651):(:":)'(2*%(>$7$("3B*'"1U(C1"9$9*'(35(#*J$#(_%:"1.(3)#,$(3$6)'(0%(#"#&%:)'(0%(3$1&(
.J$(2&.3513$:(6*.:"')'U(H1*3)#/(*#6"1:$%:(&(35(%)(#J$("#"1G:l(#J$#(:1&=*:(6)7*%(#$*(:G1=*)/(3G%2(3*%&,$($(0%3&6):(
.5(#5(0#6*%45U(K&(45.*.&("()%*:$:&(2&(1&3)%"$?:&1&/(2$1(%)#$*(&)(?*($#*3)'(#&)(#$*(&1$#(0%(,*$75U(Y"7*(3&*'$'7*(
$,&$)(7&.:&'&(.>51G#$:&U(K$4$%)'(%)J*(6*.:"'(2&(2$#5U(`*/(2)65(3)#(,&2&7*/($#(.)61$,*&7)*:/(2$1(#*J$)(2*.:1).
"3B**U(((U
bb(0%(3$=)'(5.:$/($1(**(:".:(#$*(9*%&(.$(:&("#"V$1&/(.6)%&
C"1:$/((61*,*%2(('$((3$6)'(((9$%2$T$:U
S((\?$((&/((0%3),**%7&$=5((;$13&'"%$/((.).6*%G%2((($2G%3U(<"1*2"$1&'&(')%4*(.)%:(6'*%&(2&(15%*7*(3$1&(4&#(?*(
3B&$#5
#&2*3**(?*(.$%*:$1**U(K)(.&("3)65(%*#&%*(2&(&*U(Y1&9)*&(.5($?:&6:&
.5(('&((,*%5((1G%2)'U
F*%(.$'$(2&("6&1$7*&(.)%:(.3"?*(>515(0%:1&1)6&1&("$#&%*(#"17*/(3&&$(3&(%&(>$3&(.5(31&2&#(35(#$T"1*:$:&$(15%*7*'"1(
#"1(6&(#$.$(2&("6&1$7*&U
S((`&>**(((C$1:*2)')*(((,"1(((>*(((>"$1:&((("3)6$7*(((0%((()1#5:"$1&'&(.56:5#G%*/(((.6)%&(((C"1:$/((()1#51*%2((3)(
61*,*1&$(((3*%3*((3$2$,1&(351$:&(2&(61*="%*&1*(1)?*U(P-&*'(-*:'&1/(]1G)(A**''&1D(C$1:*2)'(,5(0#651:5?&?:&(((2&#%$(
.)>&1*%7$U(((]*)'(((2)#%&$,"$.:15((($(((35=):(6&%:1)(((])B1&1(((?*(((Z$:&1'$%2D((((])B1&1)'(((,5(((#)'7)#&?:&D(((-&*'(
-*:'&1/(((]1G)((A**''&1D_
S((Y$3*("2$:5/(>*1J$1(.5(>*&D(0%T)15(%&1,".(;5:1G%)'U(\T)%4&/(%)((31&=*W
A&2*3*(:*%&1*/(0#9153$7*(3)(B$'$:&(65:$:&(2&(.G%4&/(.&($6'&$35(2&$.)61$(%"$.:15(?*(2*.3):5(3)(*%:&1&.(61">&.*"%$'h(
)%4B*)1*(2&(6&%&:1$1&/(6&1>"1$1&$(6'5#G%)')*/(#$X*'$1&(1)6:&/(>&7&(=21"9*:&/("3B*(0#6)?3$7*/(15%*('$(*%:&.:*%&/(
4&%)%3B*(.>51G#$7*/($1.)1*(2&(2*>&1*:&(41$2&(?*(#)':&($':&($.&#&%&$(#):*'51*U(C$135(.)%:&#(#$:&1*$'(2*2$3:*3/(*%(
>*%$'/(%*(.&($3"125()%(6)%3:$TU(<&'"1(3)(6&.:&(3*%3*(6)%3:&('*(.&(6)%&("(&:*3B&:5(1"?*&('$()%)'(2*%(4&%)%3B*/(3&&$(3&(
0%.&$#%5(35(%)(#$*(#&1*:5(.5(>*&("6&1$7*U
<G%2(0#*(,*%&(1G%2)'/($#(*#61&.*$(35(.)%:(0%3"%T)1$:(%)#$*(2&(&:*3B&:&(1"?**U
C"1:$(0#*(>$3&(.&#%(3)(#G%$(3G%2(&(2).(.61&(41&7"$.$(.$'5(2&("6&1$7*&/(0*()1#&$=5(@1&4"1/(3$1&(1&)?&?:&(.5(.&()*:&(
0%(2V1&37*$(#&$/($6"*(A*3)7)'/(3$1&(2*.6$1&(?*(&'(0%(.$'$(*#&%.5(0%(3$1&(#&2*3**(:$*&(0%3"%:*%))(6*3*"$1&(?*(91$7&/(
2&.3B*2(6G%:&3&/($&.*$3(31$%**/(0%:1J"($3:*,*:$:&($#&7*:"$1&U
Lnn
+$%*:$1**(61":&T$7*(2&(?"17)1*(')%4*(2&(3$)3*)3(4"%&.3($4*:$7*(2&(3"'"J3"'"/(')6:G%2(6&1#$%&%:(3)(#"$1:&$/(0%(
$3&$.:$(3$#&1$(%)(&X*.:5(2*>&1&%7&(2&(41$2U(H>*7&1**(=$3('$"'$':5(3)(."'2$7**(2&(1G%2(S()%(#"1#$%(2&(&6$,&(
)#$%&U(]*4)1*'&(2)1&/(61).$3&/(.&(.3B*#"%".&.3/(*#6'"1G%2($T):"1U(<&*(3$1&($)(3)(3&(6'5:*(S(9$%*/(9*T):&1**/(
3&$.)1*/($'3""'/(7*451*(?*($':&'&(S(0%3&$135(.5J?*(3)#6&1&(21&6:)'('$(&:*3B&:$(,&12&U(C1&7)'(31&?:&(3"%:*%))U(
PK&4).:"1**_(.)%:(3)61*%?*(2&(6$%*35U(c:*3B&:&'&(,&1=*(07*(2$)(21&6:)'(2&($(.356$(2&(9"#9$12$#&%:(?*(2&(
.*9&1*&%**(>$%$:*3*/(65:1)%?*(2&(>&91$((,*3:"1*&*((*%.)>'$:5((2&((61"6$4$%2$((')*((E'a$(((cB1&%9)14U
A5(.*#:(3$("(3"$T5(2&(%)35(6&("(#$1&(0%,"'9)1$:5U(Y":)'(.&(#*?35(0%(T)1)'(#&)U(H(.&:&($1=5:"$1&(#5(>$3&(.5(
:G%T&.3(2)65($65((1&3&((3$((4B&$7$U(((I%(3B*6(0%3&7"?$:($6$1&(2&$.)61$(#&$U(S(8)$7*JLD(((.&((($)2&(()%(((4'$.U
+*#:(35(.&(1*2*35(:$14$U(Z1&$)(.5(61":&.:&=/(2$1(%)($#(6):&1&U(+)%:($1)%3$:(6&.:&()%(6&1&:&(2&(.3G%2)15(?*(#5(
615,5'&.3(3)(=4"#":(2&$.)61$()%&*(415#&=*(2&(3$2$,1&(0%4B&7$:&U
I%($':('&?($:&1*=&$=5(6&.:&(#*%&U(H(2)B"$1&(*%.)6"1:$9*'5(2&(3$1%&(6):1&25(0#*(*%,$2&$=5(%51*'&U
!&$'*=&=((0%41"=*:((35(((#J$)((($1)%3$:(('$"'$':5(((3)((3$2$,1&'&/
3"%,*%?*((35((.)%:((#"1:U
I%(6*3*"1($#6):$:(=9"$15(?*(.&(*=9&?:&(2&(6&1&:&'&("6).(3)()%(9)9)*:(.3)1:U(F)65(&'(&($1)%3$:()%(3$2$,1)(
2&=9153$:/(3)("(4$)15(*#&%.5(0%(.6*%$1&/(2*%(3$1&(0*($:G1%5(6'5#G%**(3$(2")5
95?*3*((.6$1:&U
0%3&13(.5(7*6/(2$1(%)(1&)?&.3(.5(.3":(%*3*()%(.)%&:U(F$35(%)(*&.(3)#,$(2&($*3*/(#5(,"1(0%41"6$(0#61&)%5(3)(
:"$:&(B"*:)1*'&U(c3B*6$(2&(41"6$1*(&(>"1#$:5(2*%(61*="%*&1*(1)?*/(3$1&(%)(.&(,"1(.*%3B*.*(.5(,&1*>*3&(2$35(
61*%:1&(#"17*(#$*(&(3$1&,$(0%(,*$75U(<$("1*3&(61*="%*&1(2&(15=9"*/(,"1(&X&3):$($6$:*3*("12*%&'&/(0#*(6*65*
6*&6:)'(?*($6)3(6'53)7$(2&(*2&%:*:$:&U(8*6.&?:&("(T)#5:$:&(2*%(&$U
K)(#$*(0%3$6&(%*3*("(0%2"*$'5U(AJ$)(0%1&4*.:1$:(2&T$(3$(2&3&2$:U
\6)3(2*.6&1$:("(#G%5(0%4B&7$:5/(3$1&(.&(2&.61*%2&(*#&2*$:(2&
1&.:)'(((3"16)')*U
H($1)%3(0%>*"1$:(?*(9GT9G*(61*%(0%:)%&1*3/(2$1(#G*%*'&(#&'&(%)($:*%4(2&3G:(>&7&'&(0%7&6&%*:&($'&(#"17*'"1U(
!&)?&.3(.5(#5(1*2*3(61*%(#$.$(3"#6$3:5($('&?)1*'"1(3"%:"1.*"%$:&U(\T)%4(2&$.)61$(?*($#(.&%=$7*$(35($')%&3(
6&()%(T4B&$9/(2&6$1:&/(3G:(#$*(2&6$1:&(2&
$3&.:(($9$:"1((3)#6'*:U
K)J#*($#*%:&.3(3&(.J$(#$*(0%:G#6'$:(6G%5(0%(3'*6$(0%(3$1&(.*#:(35(#5(0%?>$35(%*?:&(#G*%*(?*(#5(:1$4(0%(.).U(
A5(:1&=&.3(0%,5')*:(0%:1J"(')#*%5("19*:"$1&JU
I%(9519$:(.6)%&(3&,$(0%('*#9$(1).5U(A5($?&$=5()%2&,$(2&6$1:&(2&(#"1#$%)'(2&(3$2$,1&(?*($)2()%(1G.(
=4"#":".U(Z"3*'&(%&#7*'"1(.&(0%:1&65:1)%2(3)(3&'&($'&(1)?*'"1U
bb(c0!:15*:(.J"(,52(?*(6J$.:$D(H#)'(:15*&?:&(0%35D(I%(1).(3)(353*)'5((*#&%.5((2&(9'$%5((#5(1*2*35(?*(#5(2)3&(
0%$6"*(6&(t(((*2"1)'((*-c+_!)%2&(($?:&$6:5()%((+$%*:5:.J]&'2R&9&'U
3
((((bb(<&(21$3)VD(\':52$:5(.5(>**(#5*($:&%:D(c(2&.:)'(2&(%&6'53):
5(($=,G1'*(("$#&%**((0%((41"$6$((3"#)%5(0%$*%:&((.5(#"$15U(K)
6&1#*:(($.&#&%&$((.35651*D
<
!!!bb(F$/((&3.43+$%5!!15.6)%2&((1).)'((3)("(((*%2*>&1&%75(:":$'5U
bb(C)%&JL('$(3"$25/($'5:)1*(2&(3&*'$'7*/("12"%5(]&'2R&9&')'
*1$.3*9*'U(+J$(#$*(2"#"'*:(:1&$9$(0%(.$'$(2&("6&1$7*&U(<&*(2&J$3"'"(,"1(6):&$(.5($*95($3)#(41*T5(2&()%(:*6(3$(
5.:$/(3$1&(1&>)=5(3)(0%35657G%$1&(.5(#"$15D
A5($?&$=5(6&("(.$':&$(2&(6$*&(?*(6'&$35($#G%2"*U(Z"#*:(?*
.)%:(6&(3$'&(.5(#5(0%&3(3)(>*&1&$($#$15U(F)1&1&$(#5(.>G?*&U
C".:)'(2&(*%>*1#&1*&(.&(3):1&#)15U(+&(2&='5%7)*&()%(>"3(2&
$1:*'&1*&(((61&')%4U(((<G%2(((0%:"13(((3$6)'(((.61&(((>&1&$.:15/(((=51&.3
>)'4&1)'()%&*(&X6'"=**U(K)J#*(2$)(.&$#$(2$35(>).&.&(61","3$:5
2&(($*(%"?:1*((.$)((2&((1)?*U
HV(#G%5((0%45'9&%*:5(.&((*,&?:&((2&((.)9(("(65:)15(#)12$15/(0%:*%2((?*((&)((#G%$/((2$1((%)((1&)?&.3((.J"((($:*%4(
6&((3&$'$':5U
F3(&,%(3/5!!!03(&,%(3/5!m,'*2/,.$!!0$(!!:'0!=($$2,%!!!M3+"""\
>1&2"%&$=5(9519$:)'(0%:*%.(6&("(:$14$($'5:)1*(2&(#*%&h(9)=&'&(.$'&(0%,*%&7*:&(.)%:(.3B*#"%".*:&(0%:1J)%(1G%T&:(
$%*#$'*3U(+&(1*2*3$(6&(T)#5:$:&(?*(#5(>*X&$=5(3)("(61*,*1&(3*)2$:5/(.:*%.5U(+&(0%:*%2&('$('"3/(.).6*%G%2($2G%3U(
<$6)'(0*($:G1%5(0%:1J"(6$1:&h(4G:)'(61&$(')%4(?*(61&$(.)97*1&(*(.&('&$45%5(>515(,'$45U
I%(3"'"%&'J#&2*3("9&=/(3)()%(3B*6(6$'*2(2&(#"1:/(#5(3&13&:&$=5(3)("3B*("9".*7*U(C$1&(35(."3":&?:&(
6)%3:$T)'/(0%:1&9G%2)J.&(3&(.5(>$35(3)(#*%&U
S(Y)(&?:*(*%2*,*2)'(3$1&(.J$(0%35657G%$:(.5(%)(#"$15W(0%:1&$95(&'/(')G%2()%(*%.:1)#&%:(.3'*6*:"1(2*%(#G%$(
)%)*(.$%*:$1U(I%($3(0#*(0#6)%4&(6*&6:)'U(;1$7&'&(0#*(.)%:(0%31)3*?$:&('$(.6$:&U(\#(.&%=$7*$(35(0#*(.>G1:&35(
:":(:1)6)'/(0#*(.>51G#5("$.&'&(?*(0#*
.3":("14$%&'&((61*%((.6*%$1&U
S(@)1$D(((#G1G*&((3B*1)14)'/((?*J#*((6)%&(((3&,$((6&.:&((>$75U(F)65("(,1&#&/(#5(:1&=&.3(0%:1J"(0%356&1&(0%(
3$1&(.&($>'5("(#)'7*#&(2&($'7*(15%*7*U(C&(6&1&7**(,51)*7*(0%($'9/(3"9"$15(0%(#$1?(3"'"$%&(0%:1&4*(2&(652)3B*U(
<":&.3(.61&(.:G%4$(?*(3$2(6&(3&*(:1&*(C$3*&%7*(2&('G%45((#*%&U((+&(6$1&(35(%)(#J$)(3"%.*2&1$:(61&$($6&:*.$%:U(
+&#%(15)U(\#(0%4B&7$:U(A5($12&(.:"#$3)'/(0#*(T"$35(*":)'(0%(>$7$("3B*'"1U(C&(6"2&$/()%(?"9"'$%(41$.(
3*)4)'&?:&(3&,$U
UUUUUJ(((GG>07($,"""
i((((J((((L($$![(Z3($!.@%&,($$5!!!:3(5!!.@%&,(555g
8%+('0-B$!!.J(,
'!!03-(/,
LnM
H(3$.35(2&("7&'(=9"$15(?*JL('",&?:&U((])4&(3B*75*%2(0%(2*1&37*$(41"6**((3)(3$2$,1&U
I%((.$%*:$1((#5((0%:1&$95((3)#((#5((.*#:U
S((<$((21$3)V/((15.6)%2((&)(,'54)*:U
S((H(.5g7*(>$3&#("(*%T&37*&/(0#*(.6)%&/(.3"7G%2(2*%(9)=)%$1("(&:*3B&:5(((,&12&U(((c?:*(((%"1"3".D(((A&2*3)'(
1&4*#&%:)')*(($((>".:(0%(:"$%&(9)%&U((<G%2(:&J$)($1)%3$:(0%(41"$6$(3)(B"*:)1*/(6)1:$*(&:*3B&:$(1"?*&U((I%2&J7*(
.)%:(')31)1*'&W(0#*(2$:"1&=*(3&,$U(F$3$(%J$?(>*(>".:(&)/($3)#(&1$*(0%41"6$:(0%(%"1"*U(C"7*(.5(>**(3"%,*%.(
$#*3&D
JS(KJ$#(($9."'):(((%*#*3/((0*(((15.6)%2((3)("((,"3&((&6)*=$:5U
S((C$1$=*7*(3&(.)%:&7*D(#G1G*&(&'(%&1,".U(Y"7*(6"13**(2&(:&$6$(:$((($2)3(((%)#$*(((%&3$=)1*/(((0#*(((3"%:1"'&$=5(
9)=)%$1&'&(((?*J#*(2&.3"6&15(3&$.)'l()%("9*&3:(,&3B*/(6&(3$1&(#*(LJ$(2$:(9)%*3)'(#&)U
S((0'(*$)/(B":515?:&(&'(*#6$.*9*'U(<1&2(35(#&1*:(?*(&)()%(3&$.(3$((5.:$/((2*%(((#"#&%:((3&((:&J$#((.$',$:/((%)J*(
$?$W
0'((2&.3B*2&((?*JL((2)3&(('$((()1&3B&U
S((K".:*#(3&$."1%*3/(3"%:*%)5(&'U(H(.5J*(6"1:(&)(2&(41*T5(0%('"3)'(:5)U(+5(%)(%&(>$3*(61"9'&#&/(0%35(%)(:&($>'*(
0%(:1&%U(Y&J$#(6):&$()*:$(6&J$*3*/(*$1(:$%3)1*'&(YJdN($'&(')*(E,$%(.)%:(6&(21)#(?*(.)%:(((9)12)?*:&((3)(
.6&3*$'*?:*((0%((0#6)?3$1&$((0%((3&$>5U
0'('$.(.5J#*(*$(3&$.)'/(0%(.&3)%2$(0%(3$1&(.&(*,&?:&()%(+$%*:5:.J]&'2R&9&'/(2*.6$1&('$(>&'(2&(1&6&2&(3$(?*(
?"9"'$%)'(2&(3$2$,1&U
S((+:1$?%*3(:&J$)(#$*($1$%T$:/(.6)%&(]&'2R&9&')'/()%(9519$:(,G1.:%*3/(351)%:/(3)(#)'7*($%*(2&(.&1,*3*)(#*'*:$1(
'$($3:*,U(H(.5($#(41*T5(.5(7*(.&(>$35("(*%T&37*&(0%$*%:&(2&($(,5(2)3&('$(:1&%U
0*((#)'7)#&.3((?*((#5((0%:1&9((3&J"((.5((,1&$((0%(((.3B*#9U
S((K)J#*((#)'7)#*/((.)1G2&((&'(61*&:&%".U((Y&J$?(.>5:)*(0%.5(3&,$U(+5(%)(4&#*U(0%3'&?:&$=5J7*(>5'3*'&(?*(%)(
.3"$:&(%*3*()%(.)%&:U(F5J'&(.&%=$7*$(35(:&(.*#7*(9*%&U(F$35(%)/(.5(?:**(35(%)(:&(,"1(')$/(3B*$1(2$35(6"17*(=&3&(
&:*3B&:&(,&1=*U(<&*(3$1&(>$3(45'54*&(2$)(95:$*&((2&((3$6D
0%3&6(.5(#"75*(?*(#5(0%:1&9()%2&($1(6):&$(>*(3&*'$'7*/(0'(,*.&=(6&(C"1:$(0%:1J"(9)35:51*&(6'*%5(2&($9)1*(45:*%2(
P.)6$(:):)1"1(1)?*'"1_U
S((Z1&*(.5J7*(,*%=*(&:*3B&:$(,&12&W(0%:1&$95()%(*%:&%2&%:(2*%(6$:)'((2&($'5:)1*/(3$1&J#*(0%:*%2&(%*?:&(6*&:1*3&'&(
.:15')3*:"$1&U(F*$#$%:&/((.6)%&((&'/((0%3&13G%2((.5((#5((:&%:&=&U
0'(61*,&.3(')%4U(<1&2(35(&(7*3%*:U(K*#&%*(%)(?*J$1(,*%2&()%*3$(?$%.5(2&($(6'&3$(2&($*3*(3G%2(1)?**(#$*($)(6)7*%(
?*(9$:('$()?5U
S((+6&1(.5(:&(.)>"3*(0%(61"61*)'(:5)(1$B$:/(?)*&15(&'(>)1*"./(0%:"13G%2)J#*(.6$:&'&(?*(0%3&13G%2(.5J*(3"%,*%45(
6&(3&*'$'7*(.5(>$35((.3B*#9)'U((E%((3)1G%2/($T)%4&(.5('&((">&1&((9'"3)'((.5)((2*%
#9)14h(c("(3'52*1&(#$1&/(.6)%&(&'/(0%:*%=G%2)J?*(91$7&'&(.5('&(:&(3G:(&(2&(.6$7*"$.5U(C$:1)=&3*(?*("6:(2&(
$6$1:$#&%:&/(3)
I1*$?*(3$1&(6'5:&.3(41$.U(K")5(.6$7**(3"#&13*$'&(2&(6&()1#$
1G1"1$(6):&7*(("97*%&((("((3B*1*&((#$X*#5D
bb(;$45J7*J"((()%2&,$/((1G2(3&*'$'7*((9$:T"3"1*:"1/((0%3&$135(.5
>(3*(:1"3)'(3)(E,$%/(3$1&("(.5(,*%5(3)1G%2/(0%(#"2(.*4)1(.&(,"1
45.*(3G7*,$(1)?*(3$1&(,"1(,1&$(.5(>*&(61"61*&:$1**()%)*(9'"3(2*%
-$#9)14U00000000000000000000000000000000/JiJÄi000000000000i(((((J((((/(bb(\#(*#61&.*$(3$(%)(1&$'*=$7*(3&(,$("*&1/(3"%:*%)$(&'(
3)
0%35657G%$1&U(8$(.>G1?*:)'(15=9"*)')*(,$(>*("($2&,51$:5($>$3&1&(.5($*()%(9'"3(3$(5.:$(0%(3&%:1)'(-$#9)14)')*U(
C1"61*&:$1**(2&(*#"9*'&(?*(2&(65#G%:(.&(,"1(2&.3)13$(9*%&(0%:":2&$)%$U(Y&(6"7*(?:&14&('$(>)%2(3)(9$%**(0%:1J"(
7$15(3$1&($(6*&12):()%(15=9"*U
bb(cJ%(1&4)'5D(1G2&()%(4&%*.:(0%:*%.('G%45(6&1&:&/(B$'$'(%"1"3
6&(:*%&D(Y":(3&($#(&("(9*3*3'&:5(>515(3$)3*)3)1*/(2$35(%)(#*J"1(>*(>)1$:J"(?*(6&J$*$D(0%(.3B*#9/($#(&:*3B&:5(
,&12&D
C1"61*&:$1)'(9'"3)')*(?*($'(2*$#$%:&'"1(*=9)3%&?:&(0%(6'G%./(0?*(25(2&"2$:5(.&$#$(3G:(2&(.51$3(&U
S((Z1&$)(((.5(((6'&3(((2&((($*3*/((()1'5(((&'(((*.:&1*3U
S((;*%&0%7&'&.(35(,&*(6'&3$/(0'($.*4)15()%(@&>1&*:&1(3)(>$75(2&(?"9"'$%U(((F$1((0%(($':5(2*1&37*&U(((+61&(
+*9&1*$D
Y"7*(3&*(3)(&:*3B&:5(,&12&(1G2(#$'*7*".U(]$3($:G:$(45'54*&(2&(6$135($1(.:$(2&(,"195(0%:1J"(9&151*&U
I%(41)6(2&(.$%*:$1*(3$15(U1$%*7&(?*(.&(6&1*%25($4*:$7*(2&('$()%(3$65:('$($':)'($'(3"1*2"$1&'"1U
S((-$*2&7*(((#$*(((1&6&2&D(((153%&?:&(((*.:&1*3((()%(((#&2*3(((2*%(.:$:)'J#$T"1U(((!)?**((:1&9)*&((.5((.".&$.35(
2*%:1J"((3'*65((0%($':$D
+$%*:$1)'(3$1&(#*J$(')$:(3&$.)'(.&($61"6*&(2&(#*%&(?*J#*(0%>*4&()%($3(0%(91$7U
S((-$*/("#)'&/(1G%T&?:&(&'/(6":1*,*%2)J?*(1$%*7$(9)12)?*:5(2*%(.6*%$1&U(A5(0%3"'53&?:&(3)(91$7)'(6&(2)65(
)#&1*(?*(#5($T):5(.5(1%5((1*2*3U
S((C"7*((.5((.:$*((0%((6*3*"$1&W
S((<1&2(35((2$/((15.6)%2((&)/((#)?3G%2)J#*((9)=&'&U
S((\1(>*(9*%&(.5(6"7*/(#G1G*&(&'U(c(.*%4)1$(:$(?$%.5U(F$35(%)(:&(7**(6&(7)1'"$*&/(:&(,"1('5.$($*3*U(<B*$1(2$35($*(
6&(:*%&(3*%3*=&3*(2&((&:*3B&:&(((,&1=*D
A5($457(2&(&'(?*(#5(.:152)*&.3(.5(6$1(3G:(#$*(,*"*U(F$35J?*()$(.&$#$(35(.)%:("(6",$15/(#5(,$($=,G1'*(3$(6&J
)%(6$3B&:(2&(:V451*(4"'U
+:1$2$(.&(6*&12&(0%:1J"(#$1&(2&(%"1"*U(C1&:):*%2&%*(=$3(:514*
à(&3B*6$#&%:($9$%2"%$:U(@&#G%2/(15%*7**(0%>5?)1$7*(0%(9$%2$T&
_.G%4&1$:&(((.&(((:G15.3(($.&#&%&$((()%"1(((?"6G1'&(((0%(($4"%*&U(((F*%
6&C$1:$1&(.&($)2&(B)1)*:)'(#":"$1&'"1(?*(:)%&:)'(P1G?%*7&'"1_U(I%
$12&(0%(#*T'"3)'(21)#)')*U(Y1)6)1*'&(."'2$7*'"1(2*%(&3B*6$T
Le{
$:G1%5(3$19"%*=$:&(2*%(:1$6&'&(2&.3B*.&U(H3B**('"1(4"*(%&(>*X&$1(S(c(:*#6)'(.J"(?:&14&#(2&($*3*/(1G%T&?:&(
"91$=%*3(.$%*:$1)'(P#&)_/(:154G%2()%(?):(0%:1J)%(15%*:(3)(6*3*"$1&'&($#6):$:&(3$1J.&(:G15?:&(6&(21)#U(F&(3&(
%J"1(15#G%&("$#&%**(5?:*$(0%(6$:"(#G1G*&(&'(.3".(2*%(.51*:&U(KJ"(.5J*('$.&(%*#&%*(.5(.&(.)*&(0%(:1&%(?*(,"1(
.>G1?*(:&13*)*7*(.)9(.&%*'&'&()%)*(:$%3D
F&$.)61$(451**(6'):&.3(3*)6&13*(0%:)%&3$:&/(2&(6G3'5U(A&(*=9&?:&()%(.)>')(>*&19*%:&U(C'")5(6&.:&(%"*(3)(9)357*(
2&($.>$':(65#G%:/(7*4'5/(:$9'5(3"%:"1.*"%$:5(?*(.3B*T&(2&("7&'U(I%(0%:1&4($:&'*&1(2&(:G#6'51*&(=9"$15(61*%($&1(?*(
.&(.>51G#5(61*%:1&(1)*%&'&(3$.&'"1U(<)()%(.)%&:(#&:$'*3/()%(3$=$%(.&(6159)?&?:&(0%(#*T'"3)'()%)*(41)6(2&(
15%*7*U(C&(.:G'6*($:G1%5(:1)6)1*(.>G1:&3$:&U(<"16)1*(>515(3$6&:&U(<"16)1*(>515(.6*%51*U(+)>')'('&(.#)'4&(?*('&(
$:$?&$=5($':"1(3$2$,1&U
S((\#(1&)?*:/(=*3&(.$%*:$1)'/(0#6*%4G%2)J#5(0%:1J)%(,$4"%(2&((#$1>5($3"6&1*:U
S((\*3*((.)%:(((?*((3$#$1$=**(:5*/(1G%T&?:&(&'/((95:G%2)J#5(3)(#G%$((6&(()#51U
+&(6*&12&(0%(#)'7*#&/(6)1:G%2(0%(.6*%$1&(1$%*7$(9)12)?*:5U
\'9&1:(#5(0#9157*?&$=5/(*$1(2*%:1J)%(3"'7/(A*3)7)'(0#*(>$3&(3)(#G%$U(;*%&0%7&'&./(C"1:$(.:5('G%45(."9$(
0%3*%.5(?*(3"$3&(3$1:">*U
S((\*(>".:(3$#(41&)(2&(45.*:/(.6)%&(@1&4"1/(2$1(%&J$($T):$:(.$%*:$1)'((3$1&((:&J$(($2).(($*3*U(((K&J$((3".:$:(
2&.:)'((2&((.3)#6U
S((@"1"9&:&'&(((5'$(((,!!!#$*(((?#&3B&1(((2&3G:(((:"7*(((3$*=**(((2*%(@&1#$%*$/((*%:&1,*%&(((C"1:$U(((I%(($2&,51$:(
#$&.:1)D
S((A5(((1"4(('$(((F)#%&=&)'((%&41*'"1((3$((6"13)'(((5.:$(((.5(%)(1&)?&$.35g(.5(6'&3&(?*(.5J*(=9"$1&(0,$%(
.35>G1'*$/(.6)%&((\'9&1:(#G%*"./((0?*(0#61&)%&$=5(#G*%*'&/(0%5'7G%2)J?*(&,'$,*".(61*,*1&$(.61&(:$,$%)'(
#)12$1($'(,$4"%)')*(2&(,*:&U(<$(?*(3)#(.J$1(>*($?:&6:$:((3$(((F)#%&=&)'(($>1*3$%((.5(.&(($1$:&(2&J$3"'"U
Y1&%)'(.&U.#)3&?:&(,*"'&%:U(<&'&(2")5('"3"#":*,&(41&'&(3$1&JE(:1$4b(?)*&15((61&')%4/((.>1&2&'*:"1U
E%((.6$:&'&((,$4"%)')*/((3*%&,$((0%3&6&(6.7!!!3G%:&h
Z'!0$(!:'!U300,%!!$./!%$*2/!),$*2/!='(!+$!*!=$5!o%+!A$.!!:'0!!!M3+,!.$%+!,.!A)3..!!<$,(!!#*2($%"\
C"1:$(.3"$:&()%(3$1%&7&'(%&41)(2*%(1$%*75/('*%4&()%(3*":(2&(31&*"%(((?*((.31*&((:53):U
S((<&((:":((>$3*(($3"'"W(0%:1&$95((3)1*".(((;5:1G%)'U
S((+"3":&.3(3*%&(%)(?*J$(6'5:*:(2"9G%2$(2&("6:=&3*('$(.):5(0%(:*#6(3&(&)($#(>".:(6'&3$:('$(15=9"*U(+&(6$1&(3J"(
.5(>*)(2&.:)'(2&
U0$%&'(
,!>=!3(
5,!!$L53(*$
LeO
< C
$:(3G%2(#J"*(0%:"$13&('$(;&1'*%D(Z1&"(2"*J:1&*(*%2*,*=*(.J$1(t : $((:1&=*(3)((>)%2)1*'&((3*)1)*:&D
C)bb(4?7T(((3"%,*%.(((35(((%&(((0%21&6:5#(((.61&(((;&1'*%W(((0%:1&$95
%&0%31&=5:"1((@1&4"1U
V((((bb(;*%&0%7&'&.(35(.)%:(3"%,*%.U(\#(')$:(6&%:1)(:"$:$(4$?3$
BV'&:&(((.61&(((;&1'*%U(((\#((()%(((61*&:&%(((9)%/((()%(((@&>1&*:&1(((2*%(:$:)'J#$T"1/(3$1&(&.:&(>)%37*"%$1('$(35*'&(
>&1$:&(1&4*"%$'&U(8J$#(+5.)*:(3)(2"9G%2$(2&("6:=&3*('$(.):5/(3$(.5(%&(4$1$%:&=&(35(,"#($T)%4&(('$((;&1'*%U
bb(H(((.5(((:&(((6535'&$.35/(((2&3'$15((($95:):(((;5:1G%)'/(((1&=&J
#G%2)J.&(2&((6&1&:&'&(((0%4B&7$:(($'((,$4"%)')*U
bb(K)(&'D(.6)%&(C"1:$U(c/(0%:1J$2&,51/()%(6"13/(2$1(%)(&()%
6"13((0#6)7*:D
F&()%.61&=&3&(=*'&(:1&%)'(.$%*:$1(?&16)*&?:&(61*%(I31$*%$(?*(C"'"%*$U(\6"*(61*%(<&B".'",$3*$U(Y1&3&(6&('G%45(
c4&1(?*(-">/(2)65(3$1&("(*$(.61&(%"12/(:1$%.6"1:G%2(15%*7**(3$1&($)(#$*(15#$.(0%(,*$75U
0%:1J)%$(2*%(.&1*/(:1&%)'(*%:15(3)(.31G?%&:(2&(>1G%&(0%(;&1'*%/(\%B$':&1(;$B%B">U
U(S(K)(6":(.5J#*(31&2("3B*'"1D(.:1*45(;5:1G%)'/(3'5:*%G%2(0%3&:(2*%(3$6/(0%(.&#%(2&($2#*1$7*&U(C"1:$/(&?:*(
#$1&D(<&$(2&J$("6:$(#*%)%&($(')#**/($.:$(&?:*D
S((K)(,J$#(.6).(35(%&(0%21&6:5#(.61&(;&1'*%W(1&6'*35(C"1:$/(3$1&(.&(61&>$3&(#$*(9"'%$,(2&3G:(0%(1&$'*:$:&(0%(
3'*6$(0%(3$1&(.&(2&.3B*2()?*'&(?*(0%(,$4"%(.&($135()%(41)6(2&(.$%*:$1*(4$:$(.5(%&(:1$%.6"1:&U
S((F&()%2&(,&%*7*W(0%:1&$95()%(-$)6:>&'2R&9&'(3)("(,"3&(4):)1$'5/((2&((3$=$1#5U
S((F*%(45"$=$(I%*,&1.)')*/(15.6)%2&(C"1:$/(1G%T*%2(3)(:"$:5(>$7$U
S((K)(((>$3&(((6&(((%&9)%)'(((3)(((#*%&/(((H9&14&>1&*:&1/((('$:15(15):53*".(-$)6:>&'2R&9&')'/(0%21&6:G%2)J?*(
)%*>"1#$(.$(T*4%*:"1(2&(3)1$15/((>53):5(('$((3"#$%25U
Ls,()$%5!s,()$%5!.3!.,2,%!]$(!'%.!+3*2!]$,+,("""\>5!3G%:5(C"1:$/(#(,1&#&(3&(2")5($.*.:&%:&(0'(3$15(4G>G*%2(2&(
6&(6&1"%(.61&($#9)'$%7$(3$1&($?:&$6:5U
$%5!!!$-/7!*7!%,!!(,<,+,0"""
LR@%+!.3)+-B$$!/$%,($!8%*,4!.7!'*$+75!I!=3-(/,!&(,'!.76$!0-$!34(,;/$">
N,!3A$;%'$.,0!.7!'*$+,0!:$)%$*"!N'!0-$!,D$./7!-(07!4,!*-(,!.7!%63!=3)3.$0!*-!-+,<7(-B$!,D4,(B$O!8%*,4@%+!*'!
)-%B'($!4,%/('!.'&('0-/5!4@%7!)-!0$/(-)$,(,!&(,),!.$!/'%'($"!F-93($/-/,-!+$%/(,!%3$!4'/,0!'*$+,!*'!0@$%$),!&3-)," !
E!)3<$/'(7!4'/,(%$*7!+-/7!*'!0'*2$-!4-)0,$"!C3'7!+,&,/,5!B,4,%,"!m-!+3'7:,*$!+,!-%$!.'%/,0!+,9-!0-$!A7/(@%$ !
+,*@/!A'%$*$$!%3;/($!)-!;-4/,:,*$"!K=)-.,0!0-$!0')/,!)'*('($!+,.4(,!<$-B7!;$!03-(/,!+,*@/!8%<7B-.,(7!,$!8%!
+,*'(.')!-%$)3("!N'!/(,*,0!%$*$3+-/7!4,!)@%&7!'%!/('4!=7(7!.76$!/(-&,0!'%!&)3%B!0!B,-./75!8%-$%/,!.7!$%/(70!8%/(6
3!*-.75!%,!+,.*2$+,0!+('0')!*'!3!&(,%-+7"!N'!%,!=-*,0!%$*$3+-/7!$)':$$"!N'!%,!.'(4($%+,!%$0$*"
#'=,($.,0!4(,-!0')/,!;3*'($"!N,(<$$!%,!.'%/!:+('%*$%-B$!+,!.'/,!+,!-0A'.*-+,!4,($*')3-.,!;$!-/-*'($!%,-;/,4/-/, !
-),!-(/$),($,$"!?$3)'($),!.'%/!3!+$./(-*B$,!4,%/('!%3$5!0-$!-),.!+-*7!,!<3(A-!+,63!.$%&'(7!=,0,$,!4,%/('!8%/(,-&-!
*304-%$,"!N,!0')B'0$0!*'!*,!-4'*70"!N6-<,0!4(,-!0')/!/$04!)-!+$.43:$B$,5!$-(!03-(/,-!%,!4@%+,;/,!+,!'%+,<-!
+,6-4(3-4,"
/1#6'$(%%8"%.2#5
S((+$''a((&(('$(((;&1'*%D(((.:1*45((>&1*3*:(((C"1:$U(((c(('$((<$1:*&1)'(@&%&1$'U
S((8$((((A*%*.:&1)'((((2&((((!5=9"*/((((0'((((3"1&3:&$=5((((+$%*:G:.J]&'2R&9&')'U
S((`*(#$*(9*%&D(1G%T&?:&(C"1:$(,*3'&$%U(cX$3:(3&J$#(.6).(gV''(0%:":2&$)%$h(((2$35(((:&(((*)9&?:&(((F)#%&=&)/(
."$1&'&(((.:15')3&?:&
1&)D(+$''aJ'$(;&1'*%D(+$''a('$(A*%*.:&1)'(2&(!5=9"*D(H(3B&.:*&(#(($.:$((0#*(25(0%31&2&1&((0%(,**:"1D(((!G2&(3)(6">:5U(
{d
(<B*$1(0%(3'*6$($3&&$/(*%:15(0%(.$'"%/(0%(>1)%:&$(.)*:&*(.$'&/(#&2*3)'J?&>/(()%(((H9&1.:U
bb(+&((6$1&((35J7*((1&,**(3)("((,*:&=5(()')*:"$1&/((3"#&%:&$=5
#&2*3)'J?&>/($.3)':G%2)JL(6&(C"1:$(3)(.:&:".3"6)'U(E&1*(&1$*(3"#6'&:(6$1$'*=$:(?*($,&$*(>&915D(+5J#*(.6)*(?*(#*&(
.&31&:)'(:1$:$#&%:)')*(3$1&(>$3&(#*%)%*(6&.:&(%"$6:&U(A*J$1(>*(2&(#$1&(>"'".(3G%2(,"*(:1$:$($':&(3$=)1*(2*.6&1$:&D
bb(F"#%)'&(H9&1.:/(.5(:15*7*D(.)1G2&(C"1:$(>&1*3*:U(<1&2(35
#*(.J$(0%:G#6'$:/(.5(:15*7*/(&X$3:($?$(3)#(.31*&(?*J%(;*9'*&/(2"#%)'&D(<B&.:*$(3)("#)'(2*%(C$'&.:*%$/(.5(:15*7*D(E.).(
$(.6).h(P!*2*35J:&(?*()#9'5D_/(?*("'"4)'(.J$(.3)'$:(?*($(6'&3$:(3)(2&.$4$(6&()#51/(.5(:15*7*D
S((+&(((6$1&(((35(((0%:1J$2&,51(((.J$(((6&:1&3):(((?*(((3)(((:*%&((3&,$($.&#5%5:"1/(.6)%&(.&3(#&2*3)'J?&>U(A$*(9*%&(:&J
$#(:1*#*:&('$(9$:$'*"%)'(((3"%,$'&.3&%7*'"1(((.5(((>$3*(((6)7*%5(((#*?3$1&(((3$(((.5J7*(1&.:$9*'&?:*(3"#6'&:((.5%5:$:&$U
S((C&1#*:&7*(.5(1$6"1:&=/(.5(:15*7*D(<&'(2&(3"'"/(H9&14&>1&*:&1(<1&):=>&'2:/(2"#%)'&D(+*(&'(.J$(,*%2&3$:(:":(0%(
3)1.)'(%"67**U(K)JL(#$*((2"$1&(.6$:&'&(($9."'):((2&'"3D
A*3)7)'(>$3&(>)1*".(.&#%(3)(3$6)'(0%(.6$:&'&(#&2*3)')*J?&>/(1*2*3G%2)J?*(91$7&'&(%&2)#&1*:U(K)(#$*(61*3&6&(
%*#*3U(C'5%)*.&15(.5($T)%45('$()%(.6*:$'(2*%(;&1'*%(?*(.5(%)(.&(#$*(#*?:&(2&J$3"'"(6G%5('$(.>G1?*:)'(15=9"*)')*U
S((A5(9)3)1(.J$)2(35(?*(<1&):=>&'2:($(>".:(65'*:(2&g($3&'$?*($33&.(2&(.5%5:$:&($3):5D(=G#9&?:&(.$13$.:*3(#&2*3)'J
?&>U(0%(3$=)'(5.:$/("(.5JL(')5#(?*(6&(&'U(Z5(#):5#(6&($#G%2"*(E$(9$:$'*"%)'(3"%,$'&.3&%7*'"1U
S((C&1#*:&7*(.5(1$6"1:&=/(.5(:15*7*D(3G1G*&(C"1:$U(+)%:&#(6&(3$'&(2&($(>*(2&.&#%$7*(6&%:1)("(#*.*)%&(.6&3*$'5U(
A*%*.:&1)'(2&(!5=9"*/((2"#%)'&D
S((\.:$(%J"(#$*(31&2/(.5(,5(#$*(,52(?*(6&J$3"'"/(15.6)%2&(#&2*3)'J?&>(3)(()%((B"B":((0%59)?*:U(((F&"3$#2$:5(,5(
2)3&7*('$(615,5'*$(3"%,$'&.3&%7*'"1/(*$1(3G1T&'&('&(61&2$7*('$(#$4$=*&/(0?*(25(.&$#$(("1*3*%&((35(%)(((#$0(($,&7*(
%&,"*&((2&((&'&U
S((<&(:G#6&%*&/(0*(?"6:&?:&(.$%*:$1)'(')*(C"1:$/(0%(:*#6(3&J*(.3"$:&(2*%((0%356&1&U
S((<1&=*W(1G2&(C"1:$(61".:&?:&U(C&.:&(3G:&,$(=*'&("(.5(>**(0%(.:$1&(.5J7*(6)*(?*(>)%2)'('$(95:$*&/(2"$1J2"$1(.5(>$3*(
.3B*#9(3)(%"*D(((K&(((,"#((('5>5*(((0%(((.3$)%&'&(((2&((('$(((A*%*.:&1)'(((2&(((!5=9"*/(#$%&,1G%2((4&%&1$'*(((?*(($'7*(
41$%4)1*((2)65((6">:$((*%*#**U
F)65(3&(C"1:$(?*(A*3)7)'(.&(:"3#&.3(6&('$(%&%)#51$:&(C)%3:&(2&(3"%:1"'/($1&('"3("(0%:G'%*1&(=4"#":"$.5(0%(9*1")'
(V+
'/.(v
@/
W=0E-
H9&1*V&'2R&9&')')*(((+$''aV2*%(((A*%*.:&1)'(((2&(((!5=9"*/(((2&651:$(#&%:)'(\Q\[U
S((0#*(((6'$3&/(((&X3'$#5(((A*3)7)'(((3"6'&?*:/(((7"65*%2(((6&((({(3$%$6&$(3)(($13)1*U
C"1:$(.&('5>5*&(0%:1J)%(>":"'*)($2G%3/(3)("(7*4$15(0%(3"'7)'(4)1**/(0?*(2&.3B*2&()%*>"1#$('$(4G:(?*(0?*(0#6*%4&(
9"%&:$(6&(.61G%3&$%$(.:G%45U(\.:$(&(6"=*7*$(')*(61&>&1$:5U(\1&(*#61&.*$(3GJ*(25(61&.:$%75U
S((<&J$7*(=*3&(2&("(6*35:)15(2&(3&,$/(3$(.5(,5(3)1&7&(2*%(4G:(9$3:&1**'&(((2&(((.6*:$'W(.)4&1&$=5((+$''a/((')G%2(
"((.:*3'5(2*%:1J)%(2)'$6(6&((3$1&((.31*&h((LW,2,$0,!!U300-%+3.-*2,%\\>"
S((<)(6'53&1&/(15.6)%2&(C"1:$/(.)>'G%2()%(%"1(#$1&(2&(>)#U(I#6'&J'&(3)#(:1&9)*&/(2$35(:":(:&J$*($6)3$:U(
K)(,1&$)(.5('&(:":()#6'*/((>**%235(("(.5(:&((.)1#&%&=*D
<*"3%&.3/(0%3'*%G%2)J.&(3)($1"4$%75/(0%(.:*'(">*7&1&.3U(H1*3)#/(.&($>'5('$(A*%*.:&1)'(2&(!5=9"*U(C"1:$(25(
6$B$1)'(2&(2)?35(?*($6"*(.3)14&()':*#&'&(6*35:)1*U
S((\#($)=*:(35(:&J$*(2*.:1$:(2&(#*%)%&(3)(6*.*3$(.5'9$:*35(6&(3$1&(7*J$#(:1*#*.J"[[[/(1G2&(+$''a(3)(6">:5U(
<&J$*(=*3&(2&(0%35()%$W(A$*($#(2")5(9&.:**(2*%($.:&$(?*(7*('&(6":("1*3G%2(">&1*/(2$35(,1&*((.5J*((#$*((2$*(("(
U'&37*&(()%)*((P61*&:&%_U
S((+5(%)(#$*($)2(2&(6*.*3*(.5'9$:*3&/(61":&.:&$=5(0%41"=*:(A*3)7)'/($15:G%2)J?*(3*3$:1*3&'&(2"9G%2*:&(0%()1#$(
0%:G'%*1**(3)(61*#$((2*%:1&((&'&U
S((Y1&9)*&(((.5(((%&(((2&.&#%&=*(((2&(((0%2$:5(((6&%:1)(((.&1,*3*)'(.6&3*$'/(.6)%&(C"1:$(3)(.&1*"=*:$:&/(
0#6*%4G%2(6$B$1)'(6&%:1)($(>*((1&)#6'):U(+)%:&#(2&T$(3)(()%((6*3*"1((0%(((!).*$U
S((+&(6"$:&(1&="',$(3"#"2/(>53G%2(6'$%)1*(0#61&)%5(?*(9G%2(?'*9",*75/(.)4&1&$=5(A*3)7)'U(E=9)3%&?:&(0%:1J
)%(B"B":(2&(1G.U
S((<&(651&1&($,&7*(2&(-FZW(0*(0%:1&$95(+$''aU(c(2&.:)'(2&(3"%>"1:$9*'($3"'"U(K)($.6*15(%*#&%*('$(Z$'B$''$/(
:G%T*%2(2)65(:)%&:)'((15=9"*)')*U
S((I%)'(2*%('"3)1*'&(0%(3$1&(.&(#5%G%35(!&4)'$#&%:)'(6&(6G*%&(?*(.&(.3)*65($:G:(2&(1&6&2&(61&3)#(
$1:*>*3**'&(2&(<153*)%/(0%3),**%7&$=5(C"1:$U(+)%5(61"#*75:"1(6&%:1)(%"*U(C)%&J%&()14&%:(6&(.:$:)'(2&(6'$:5/(.5(
25#(3G:(#$*(1&6&2&(:"$:&(6'$%)1*'&(6&.:&(3$6U(((+)%:(((>"$1:&(((0%41*T"1$:/(((3"%:*%)5(((&'/((($6'&3G%2)J.&(
3"%>*2&%7*$'((6&.:&(9*1")'(2&(#51*#&$(()%)*(:&1&%(2&($:&1*=$1&(6&%:1)(&'*3"6:&1&U(cX*.:5(3G7*,$(*%?*(0%(;&1'*%(
3$1&J?*(0%3B*6)*&(35
[((\Q\(S(Ko&*0,$0GG!f*2%%'*2/.'%&*)*&*%2*$$*%!S(\>$3&1*'&(@&%&1$'&($'&(\1#$:&*U
[[((I':1$.&31&:U
UUU0)*+""""",-((./&+"""0+.1(+!2"3""""""""""""""""""&
$*(,$'"1&=(%*3*(2"*(9$%*/(?*($.:$(%)#$*(>**%235($#(>".:(%_(6)7*%(0%(!).*$(.5(#5("3)6(2&(9)%)'(#&1.($'(
15=9"*)')*U(\(3&13&:$:(%*7&'(="%$(?*($#(1&$'*=$:/(.61&(#$1&$(#&$(:1*.:&7&/(35(&%*(%)(#5(#$*(3"%.*2&15(2&#%(2&(
')$:(0%(.&$#5U(CG%5(?*(3&*(_V(/(;"12&')'(PA*%%$(3&$('$3"#5_(.&(>$3(35(%)(#5(#$*(3)%".3U(AV%%$(.J$(615652*:(
2&(1G.(3G%2(*J$#($#*%:*:(35($1&(.5J#*('57&$.35(2"9G%2$(2&("6:=&3*('$(.):5U(\(0%215=%*:(.5J#*(3&$15(%'$:$(0%(
$,$%.(2$35(,1&$)(.J"(35'51&.3(6&()%$(2*%(:G1>&'&(&*(.3B&'&:*3&U(\3)#($#($T)%.('$(>$=$(0%(3$1&()%(9519$:(%)(
#$*($1&($':3&,$(2&(>53):(2&3G:(.5(1&4)'&=&/(.5(9&$(?*/(2*%(3G%2(0%(3G%2/(.5(#$*(>$35(?*(3G:&J"(.:$1&(2&61&.*,5U(
F)65(3&J$#($)=*:(35(&?:*(0%(;&1'*%/(#*J$(1&,&%*:(#"1$')'U(CG%5(.5($>')(2&J:*%&/($#(.:$:(6&J)%(.3$)%V3)(
>1G%4B*$(0%(T)1)'(4G:)')*U
bb(\*((>53):(3&$((#$*((#$1&(41&?&$'5($(,*&7**(:$'&((1&>)=G%2
%".:)'(2&(9*9'*":&3$1('$(<"#$%2$#&%:)'(2*%(C$2&9"1%(6&(3$1&(7*(LJ$#(">&1*:U(m*3&$*(35(61&>&1*(.5(3"%2)3*()%(
:$%3/(>**%235J*(#)':(#$*(2*.:1$3:*,U
S((C&($:)%3*(%)(?:*$#(35(@1">$=(#5(,$(:1*#*:&('$(15=9"*/(.&(.3)=5((C"1:$U
S((`*(:":)?*(:&J$(:1*#*./(.)1G2&((+$''aU((Y&J$*(:1&=*:/(3$(:"7*(3&*'$'7*/(.)9(6'"$*$(2&(>"3($(("9)=&'"1U((<G7*,$(
2*%:1&(%"*($#(T)2&3$:(0%.5('$(1&3&(?*($#(15#$.(.)9(6'"$*$/(#)':(#$*(6)7*%(6&1*3)'"$.5/(($(2"3)#&%:&'"1((?*(($(
#$?*%*'"1(2&(.31*.U((`*J"(.5(3"%:*%)5#($?$(6G%5(0%:1J"(9)%5(=*(3G%2(.&(,$(*%.:$'$(6$3&$(?*(."$1&'&((%&(((,$(
0%35'=*((2*%(((%")U
S((\#(>".:()%(61".:/($2#*:&(C"1:$(3)(:1*.:&7&/(61*,*%2)J.&(3)()%("3B*(31*:*3(0%("4'*%2$(2*%(.6$:&'&(9*1")')*U(
Y*%&J7*(>*1&$/(C"1:$D('$:15(&'(35:1&(#):1$(2*%("4'*%25/(j0?*(15.)3&?:&(3$6)'($.:>&'(0%3G:/(3$()%(&>"1:/(0?*(6"$:&(
,&2&$(61">*')'Uk(\*("(>*4)15(2&.:)'(2&(*%:&'*4&%:5/(0*(&X6'*35(&'(.$:*.>53):(3&')*(2*%("4'*%25U(YG1G:)1*'&($'&$(,"1(
$>'$(3G:(2&(3)1G%2(35(%)(.3$6*(%&6&2&6.*:(2$35(:1$4*(0%(6*&6:(6&J)%("#((2&(("6:=&3*(('$((.):5U
H9&1>&'2R&9&')'(+$''a(.&('$.5(6&(.6$:&(3)(.3$)%)'(.5)(1":$:*,U(bS(<5(,&%*(,"19$/(?:*$*(35(c4"%(C)>$1&=)V(7*J
$(.)>'$:(.*:)$7*$W(Y15%35%&?:&(6&.:&(:":(35($*()%(3$6(65:1$:/()#6'):(3)(+$)&1^1$):/(?*(35/(2$35(:&(,&*(0%:"$13&(
2&(6&(>1"%:/(,$($,&$(&'(41*T5(.5(>**(2&6"1:$:(0%:1J)%(3"'7(0#6)7*:($'(;$,$1*&*/()%2&(:"$:5(6"6)'$7*$(&("'*4">1&%5U
S((E.).&D(((&X3'$#5(((A*3)7)'/(((61&>53G%2)J.&((((0%>1*3"?$:((((?*(6"3%*%2)J.&(3)(#G*%*'&(6&.:&(>1)%:&U(c1$(?*(
:*#6)'(.5JL('5.5#(6&(\2"'>(.GJ?*(,$25(.*%4)1(2&(15=9"*(?*(.5(>$3&#(%*7*35("12*%&(6&(>1"%:)'(2&J$3$.5U
S((E$(:&()*:5D(.:1*45(*%2*4%$:(C"1:$U(A*:"3$%)'(5'$($(>53):("(4')#5((3$#((41"."'$%5U(((\.:$((&$((.5((%J"(
%)#&.3((:&%:$:*,5(2&(.*%)3*2&1&((.$)((3&,$(2&((4&%)'((5.:$U
S((-$*(.5(#&14&#(?*(.5JL(6"3%*#(3)()%(.$3(3)(%*.*6/(61"%%(A*3)7)'U(
V0000000000%&
S((K)((61&3*6*:$7*(')31)1*'&((?*(%)(,5(1&6&=*7*(.5(>$3&7*(3&,(3&J"(.5(1&41&:$7*(#$*(:G1=*)/(0*($,&1:*=&$=5(+$''a/(
)#6'G%2)(g(*$15?*(6$B$1&'&U(\.3)':$7*('$(#$%2&$D(H(.5(,5(3"%,*%4&7*(35(%(,5(.>5:)*&.3(2&(15)U(\37*"%$7*(
0%:":2&$)%$(%)#$*(3"%>"1#()%)*(6'$%(2&(J95:$*&((9*%&((4G%2*:U
C"1:$(61*,&?:&(,*.5:"1(6&(>&1&$.:15U(I1#51&?:&()%(.D&%(0%3513$:(3$1&(6'):&?:&(6&(8$%2R&B1(f$%$'l(*$(3G1#5(.&(
$>'$("(>&#&*&(41$.5/(*$1('$(3$1:()%$(.'$95U
S((c4"%(&(()%((%&#&1%*3/(159)>%&?:&(&'(%&1,"./(95:G%2(3)(6)#%)'(0%(6&1,$=)'(>&1&.:1&*D(H(.5JL(0#6)?3(21&6:(
0%(*%*#5(3$(.5(*J"(>$3(>51G#&U(H(.5(#"$15(#$*(3)1G%2(2&3G:(0?*(*#$4*%&$=5
S((<)%".3(3G7*,$("$#&%*(g351"1$('&(6'$3&(.5(.&(0#91$3&(3$(6"6**/(.6)%&(+$''a(#*.:&1*"./(0?*($61*%2&()%(
:1$9)3(91$=*'*$%(?*(.)>'5()%(((%"1((2&((>)#((6&.:&((9*1")U
S((0%((((,&?#*%:&(((2&(((6"65W(((0%:1&$95(((%&2)#&1*:((((C"1:$/($>)%2G%2)J.&(0%(>":"'*)U(+3):&3&'&($'&$(0%(3$1&(
.&(,G15(&*(3G%2(,"1((.5((.:&$(('$((:$3'$'&((3)(((E.).((?*((3)(((F)#%&=&)W
S((Z"19&.3(2&.61&((.:1$*&'&((61&"7*'"1/((.6)%&(((0%3G%:$:((+$''a/(6)>5*%2(,G1:".(2*%(:1$9)3U(H$#&%**(5*$(?:*)(3&(
,"1U(<G%2($6$1(0%(,5=)'(')#**/(6"$1:5(0%((#G%5(.:G%45(<$1:&$((')*((A"*.&((?*(6$1($2&,51$7*(.>*%7*U((PE.).((?:*&(
:":)'(2&.61&((:*%&_/(07*(.6)%(3G%2(:&(,52/(2)65(3$1&(.3":(2&(.)9(.):$%5()%(P2&.>535:"1(2&(.)>'&:&_(?*(:":)'(.&(
:&1#*%5(3G:($*(3'*6*/(0%3$.&$=5("(:1&*#&(2*%(:":(3&J$2)%5D
S((<)#(6":(>*(45.*7*(95*&7**(5?:*$W(0%:1&$95(C"1:$(3)(*%:&1&.U(F"$1(%)(.)%:(%*?:&(#$3$1"%$1*("12*%$1*DW(s?:*$(
%)(.&($:*%4(2&(%*#*3(2*%((3&&$(3&((.:1G%4U
S((+*4)1(35(%)/(1G2&((+$''a(2*%(*%*#5U((+)%:(:$1*D(<&*(#$*($>)1*.*7*((*%2*,*=*(2*%((;&1'*%JA"$9*::U(((C1*&:&%*(
9)%*((3)((#*%&D
S((<G:(((2&(((9)%*W((.&(((*%:&1&.&$=5(((C"1:$/(((3)((("(((.).6*3*)%&(.5%5:"$.5U
S((+)>*3*&%:(2&(9)%*(0%3G:(.5(,*%5(.5(:&(3)%"$.35/(2$35('&J$(?(3&1&J"/(=G#9&?:&(+$''a(:G#6/(2&=,&'*%2)J?*(
2*%7**($'9*/(0%3$21$7*(2&(("(((#$14*%&((2&'*3$:5(2&(($)1U
S((\*((()%(((2&%:*.:(((>"$1:&(((9)%/(((.).6*%5(((C"1:$((3)(((*%,*2*&J/(.)4G%2)J?*()%*3)'(2*%:&/(3$1&/(2)65(3&(35(&(
.*%4)1)'/(#$*(&(?*(%&41)U
S((\?$(&/(15.6)%2&(+$''aU(8"3)*&?:&(3B*$1(0%(3"'7/(6&(C1*%q(\'91&3B:.:1$..&U
S((;5%)*&.3(35(&(?*(2&%:*.:)'(')*(++(-&*%*[/(.&(*%:&1&.&$=5(C"1:$/((3)(()%((=G#9&:((0%(3"'7)'((4)1**U
\*(&B*3*:((15.6)%2&(+$''a/(1G=G%2(>&1*3*:U(C&(3G%2(15.>"*$#(rrr-%3)#&%:&(,&3B*(2*%((=*'&'&((Q&*#$1)')*[/(
$#(2&.3"6&1*:(%*`:&((((%&:&(6&(9'$="%)'(>$#*'*&*(')*U(\?$(35(%)(:1&9)*&(.5(.:$)(3G:&,$(C((('$]>G%2(((?*((%T3*((.5($3B*:(
%":$((2&((6'$:5D
"$2000000000000000000000000061*%25(0%:1U{(9)%5(=*(("1(.5(:&(.6G%=)1&
T?00000000000000N000T
#"2(.*4)1(0'($,&1:*=&$=5(C"1:$(.)#91)U(c)(%)(LJ$?('5.$(6&(==$!'(2*%(++(.V5J#*($1$%T&=&(2$%:)1$D(8$(.>G1?*:)'(
15=9"*)')*/(.J$1(I%:&$(0%:G#6'$(.5(.&($>'&(35($)1)'(61",*%&(2*%(4)1$()%)*(T*2$%(3$1&($(.>G1?*:($1.(0%(,1&)%(
3)6:"1D
+$''a(1G2&(2*%(*%*#5(J?*(0?*(%&:&=&?:&()%*>"1#$(.$(&'&4$%:5/
>53):5('$((3"#$%25U00000000000000000000000000000000000000000000000UUUUU
b(CG%5(.5J?*($#*%:&$.35(3*%&,$(2&(#*%&/(6&(,"*(2"*("1(.$(,$(#*&1'&$.35(&'*9&1$:"1**(?*("1(.5(,5($1)%3&(0%(
.:1$25/(.5(,5(#5%G%3&(3*"1*'&D(CG%5($:)%3*/(&)(,"*(2&,&%*(2&(%&0%'"3)*:U(H(.5(>*&(%&,"*&(2&(3G7*,$(4&1#$%*(
P3)1$7*_(3$1&(.5J*(0%'5:)1&(6&(&1"**(2*%()':*#**($%*D
b(`*(31&=*(35(:&(,"1(>"'".*(6&%:1)($?$(3&,$W(=G#9&?:&(C"1:$/(3)()%($&1(0%452)*:"1U(K)(.)%:(&*($:G:(2&(>1$*&1*D
b(+)%:(.*4)1/($33&%:)&$=5(+$''a/($65.G%2(6&()%(9):"%(2&(.)9(9*1")U(F$1(B$*2&7*(.5($:$35#(61"9'&#&'&(
,"$.:1&/(3$(.5('&(6):&#(,&%*(2&(B$3(:*35'"?*'"1(3$1&(,5(>$3(%&3$=)1*U
+&($)2&()%(3*"35%*:(61&3$):(0%()?5U(0%(9*1")(*%:15()%(@&>1&*:&1().357*,/(3)("3B&'$1*(2&(0%,575:"1U(\1&("(
&X61&.*&(%&>&1*3*:5(6&(3B*6U(]$3&("(0%3&13$1&(%&1&)?*:5(2&($J?*(6"3%*(35'3G*&'&(#*'*:51&?:&/(2$1(.)%&:)'(.&(
$.&$#5%5(#$*(#)':(3)(6'&.35*:)'(6*3*"$1&'"1()%&*(45*%*(3$1&(.&(95'53&?:&(0%($65(35'2)75U
+$''a(.&(1&$=&#5(2&(.65:$1)'(.3$)%)')*(?*JL(61*,&?:&(6&(@&>1&*:&1(3)(.)6&1*"1*:$:&U(\3&.:$(.:5(7&$65%(0%(>$7$(
9*1")')*/(61*,*%2(3$()%(3G*%&(31&2*%3*".(3$1&($?:&$6:5(6"1)%3$(.:56G%)')*U
S((\.3)':5J#5(3)($:&%7*&/(8$%4&U(!5.6)%=*(3$(I%:&1">>*=*&1(-$1:%$3^&(((.5((($T)%45((('$(((P@G.35(((3)(((:1&*(
6*3*"$1&_((('$((("1$("6:.61&=&3&(>*X/(3)(&3B*6$#&%:)'(.6&3*$'('$(&'U(0'(,"1(3"%:$3:$(2"*(H9&14&>1&*:&1*(2&(('$(
;'*%2$:&U
S((\#(0%7&'&./(.5(:15*7*D(.31G?%&?:&(8$%4&/(0%3&13G%2(2*%(%")(.5J?*(6"3%&$.35(35'3G*&'&U
S((8$.J"(9$':5/((#"1#5*&((+$''a(1&.&#%$:U((KJ$*(.5(1&)?&?:*(%*3*"2$:5D(I*:5J:&(3)#(07*(>G'>G*&(#G*%*'&D(y*%&J
7*(2&4&:&'&($'&$(2&(6)%4$?('*6*:&(2&(2)%4$(6$%:$'"%*'"1D(]1)%:&$(.).(?*(0%3"12&$=5J7*(>)%2)'D(07*($:G1%5(91$7&'&(
3$(?*(3)#(:&J$*(61&45:*(.5(:&(.3$16*%*(0%
,"19$(((*'&(((-&*%1*3B(((-*##'&1(((S(((.)')'(((++J)')*U
E%(((@&1#$%*$((.*'*:5((.5((0%3B&*&(($1#*.:*7*)((('$(((.>G1?*:)'(((61*#)')*(((15=9"*(EMt*x((((VV(\Ä')%$1&$(K$7*"%$'5($(,":$:(<"%.:*:)7*$(2&('$(Q&*#$1U('$((LL(
$)4).:(/((((((*"S(,!!!$(((15#$.(((0%(((,*4"$1&(((6G%5(((0%((((LMdd/(((3G%2((($)(((,&%*:((('$(((6):&1&(iAV"%$'J."3*$'*?:**U(C&1*"$2$(3)61*%.5(0%:1&((LMLMS
LMdd(&.:&(3)%".3):5(0%(*.:"1*$(iJ1#$%*&*((.)9((%)#&'&((2&((P!&6)9'*3$(2&(('$((Q&*#$1_((T%"/"9"
@&
>)%2D(F&(>$6:/(31&2(3J$*(.J"(?*(>$3*U(Y&(:1*#*:(0%(91$7&'&(')*(*,$(C"$:&J"(1&)?*(&'(.5(:&(0%,&7&(3)#(.&(.:5(0%(6"=*7*&(2&(
21&67*U(c.:V()%((."'2$:((2&((%*#*3/()%((9")D(((F&3*/((3&((&?:*/((8$%4&W
3$4'.('56$'(000007,.00000'(8''(,4$900000:(((00000;9;-(00000(*********900000<<00000000!""#""""""$""""""""""""""5<,$*$$$$*

S((C&1#*:&7*((.5(1$6"1:&=/((.5(:15*7*D(((@&>1&*:&1(((8$%4&(&()(."'2$:((2&((%*#*3/()%((9")/((2"#%)'&D
S((E&?*($>$15D("12"%5(+$''a/(>53G%2)J*(.&#%(3)(#G%$/(3$(.(3)#($1(>*(,1):(.5(4"%&$.35("(#).35(2&(6&("(>&'*&(2&(
6G*%&(3)(4&#U
@&>1&*:&1(8$%4&(>$3&(3G7*,$(6$?*(0%$6"*(?*/(9*%&0%7&'&./(.&(0#6*&2*35(2&(61$4(?*(3$2&U(+&(1*2*35(3)(41&)/(.&(
3*"3%&?:&(2&()%(3*,*'(?*(0%3B*2&(3)(41*T5()?$(0%()1#$(')*U
S((E.).&(?*(A51*&/(3&(3'",%D(.).6*%5(A*3)7)'(2&(6&(3","1/(0?*(1*2*35(6$B$1)'(6&%:1)($J*(>*()#6'):(0%35("(2$:5U(\B/(
3G:&(%&J$(>".:(2$:(.5(,&2&#/(%")5/(61).$3*'"1/((0%($%**(5?:*$(2&(15=9"*U
S((0%$*%:&(.5($T)%45($*3*/($(>".:(61">&."1('$("()%*,&1.*:$:&("$1&3$1&(2*%(+)2/(&X6'*35(+$''a(3$'#U(F)65(3&($(1$.(
$61"$6&(3"#6'&:("(3"#6$%*&(2*%(95:$*$(6)?:**/(#*(LJ$)(:1*#*.(#*&(6&(3$6U(<$(."'2$:/(&(3"#6'&:(%&$T):"1$:/(2$1(.&(
61*3&6&(.5(>"'".&$.35(31&*"$%&/((4)#&((2&(((?:&1.((?*(($':&((3B&.:**((2&J$.:&$U
S((I%&"1*((&((9*%&((.5($*((($.&#&%&$(("$#&%*((6&(('G%45(:*%&/(1&3)%"$?:&(C"1:$U(<G:&,$(3),*%:&(?:&1.&(2&(6&()%(
1$6"1:(.)#91)(0'((6":((61&.3B*#9$((2&(()14&%75((0%:1J"(((?:*1&((9*%&,&%*:5U
8$(3G:&,$(#*%):&(2)65("1$(?$.&/(C"1:$(?*(A*3)7)'(.&(>)1*?&$=5(:$(P@G.35(3)(:1&*(6*3*"$1&_()%2&(I%:&1">>*=*&1(
-$1:%$3^&(.J$(*%.:$'$:(2&T$('$(9$1/(0%(>$7$()%)*(3$.:1"%(2&(.$'$:5(3)(.".(2&().:)1"*U(<$(2&("9*3&*/(A*3)7)'(.&($?&$=5(
6&(2")5(.3$)%&U
S((<G:&((()%)'(((6&%:1)(((>*&3$1&(((9)35/(((0*(((&X6'*35(((&'(((1G=G%2(3B&'%&1*7&*()1G3*"$.&U(C$1&(41$.5/(6&%:1)(35(
6"$1:5("(1"3B*&(#)':(61&$((.:1G#:5U
0?*((:"$1%5((?'*9",*75(3)((9&1&U
S((]$3&((9*%&(('$((%&1,*/((1G%T&?:&(((C"1:$/((4"'*%2)J?*((6$B$1)'(2*%:1J"g(0%4B*7*:)15U
S((0%35()%)'W(0%:1&$95(3B&'%&1*7$/(6&()%(:"%(15.:*:/(0?*(:1&3&(>)13)'*7$(((61*%((651/(($6"*(("((0%>5?"$15/(((0#61&)%5(3)(
)%((3)7*:/(0%:1J)%(?&1,&7&'(2&(BG1:*&(6&(3$1&JL($?&$=5('G%45(>$1>)1*$()%)*
3'*&%:U
S((H(.5(154)?&?:*(>"$1:&(1&6&2&(2$35(6)*(#&1&)(0%:1&951*U
1".:&?:&(((A*3)7)'((61*&:&%".U
C"1:$((.&((0%:"$13&(((?*J*((>$3&((3)(("3B*)'((9519$:)')*(((#$.*,U
S((\#($)=*:(35(>$3*(:1&$95(9)%5(>515(61&$(#)':(:5#95'5)U
S((A*(((.&(((.6)%&(((P+"')7*$(((]*%$'5_/(((15.6)%2&(((-$1:%$3^&('$3"%*3/(351G%2(.".(2&().:)1"*(0%(4)15(3$(?*(3)#($1(
$1)%3$(:G%(3)((>)13$U
LM{
bb(+*(_)(4$>umV(%*3*"2$:5W(0%:1&$95(C"1:$(3)(.).6*3*)%&U(H(i(i(K'(!#)':(3&*(2&(3$1&(:&("3)6*(:)W(Z1&$)(.5(.6)%/(#$*(
$6)35(_+(*$(15#$.(9)%(2&('$(,*$75W
V((((bbAJ$#(((%5.3):((('$(((<B*3$4"/(((.6)%&(((-$1:%$3^&(((#G%21)U
#&$(&(2*%(C$'&1#"U(Y$:$($(>".:(:1*#*.(0%$6"*(0%(@1&3*$U
!&.:)'((0'((95%)*&?:*U
g((bb(*.).&(?*(A51*&D(((=9*$15((A*3)7)'(&%:)=*$.#$:U((\.:$(.)%5
2&.:)'((2&(((61"#*75:"1U
bb(<$1&J*(2$#9'$)$(:$W(.&(*%:&1&.&$=5(C"1:$/(3$()%
P1">&.*"%*.:U(g#($)=T:(3u(:&(0#91$3*(0%(B$*%&(61&"7&?:*U(P\'&')*$D(F)#%&=&)(.5(:&($*95(0%(6$=5D_/(.6)*(:"$:&(3B&.:**'&(
$.:&$/(%)W(V
bb(]$3*(((:)((3*%.:&W((0%:1&$95((-$1:%$3^&/((0#6*%4G%2(0%((>$75
6$B$1)'((4"'U
C"1:$(0*(>$3&(3B&'%&1*7&*(.&#%)'(3'$.*3(6&%:1)($('&()#6'&(2*%
%")((6$B$1&'&U
bb(Z&=*(((:)/(((?"6:&?:&(((-$1:%$3^&(((3)((("(((,"3&(((3"%.6*1$:*,5/
6)%G%2(#G%$(6&()%(6$3B&:(#$1&(2&('G%45(&'U(<G%2($6$1&(3G:&()%)'(2*%:1&(P$'&?**(F"#%)')*_/("$#&%**(2&,*%(0%(
4&%&1$'(61*&:&%"?*(?*(.&(.*#:(6)7*%(.:G%T&%*7*U(K*3*(3B*$1(3&*(#$*(#$1*(:*35'"?*(%)(:1&3(%&65.5:"1*(6&('G%45()%(6"65/(
*$1(3G%2(.&(:&1#*%5(.')T9$/(3"6"**(2&('$(\'&X[(.)%:(#$*(0%452)*:"1*(3)()%(61&":(2&3G:(3)()%(95251$%(2&(
I%:&1">>*=*&1(%&$#7U
S((Y*35'"?**(2*%(f1*6"(#*?35(,1&)%(2&4&:('$(45*%51**'&(6&(3$1&('&(>$3(5?:*$(2J$'2&(%"*W(0%:1&$95(C"1:$/(61*,*%2($:&%:(
6"1:1&:)'(?*>"%$:(($'(((')*(((-*:'&1((2&(((6&(((6&1&:&U
S((K)(3B*$1/(1&3)%"$?:&((-$1:%$3^&/(0%#)*%2("(9)3$:5(2&(6G*%&(0%()1#&'&(.".)')*(2&().:)1"*U(+&(*%:&1&.&$=5(2&(
%"*(%)#$*(2&(>"1#5/(353*(2&(>$6:($)(61&$((#)':(2&(>)135(3)(.$9":"1**(?*($2,&1.$1**(((6"'*:*3*/(((3$1&(((.)%:(((0#6":1*,$(
$%&X51**(((\).:1*&*((('$(95:1G%$(((@&1#$%*&U(((F$35(((,1&)%(((%&%"1"3*:(((#$*(((=&'".(0?*((,G15(%$.)'(61&$(#)':/(
P#*%*.:1)'(2&(15=9"*_(+$''a($6$.5(6&()%(9):"%(?*/(6G%5(.5(.&(2&=#&:*3&$.35/(:*6)'(.&(6"#&%&?:&($=,G1'*:(0%:1J"(
652)1&(((6"'"%&=5/((('$(((,G%5:"$1&(((2&(((6$1:*=$%*U(((KJ"(((.5((($,&#(61"9'&#&((($:G:$(((:*#6(((3G:(((%&(((7*%&#(((2&l(
$1:&(((2&(((6"'*:*35U(((F&(&X&#6')/(2$35(,1&*(.GJL(:1*#*7*(21$3)')*(6&()%(@$)'&*:&1/(3)()%(9$.:"%(2&(2*%$#*:5(,G1G:(0%(
>)%2/(.5(%)(,**('$(#*%&U(\#($,&$(%&3$=)1*U(((;5*&7**(((2&((('$(((\'&X(((#*?)%5((6&.:&((:":((?*(((%&J$1((2*9)*(*#&2*$:U(K)(
,"1($,&$('*%*?:&(6G%5(%)(,"1(2$(2&(3*%&,$(6&(3$1&(.$JL(3"%,*%45((.5(((#51:)1*.&$.35U
//(0%3&6(.5(0%7&'&4/(#)1#)15(C"1:$(4G%2*:"1/(')%4*%2)J?*(4$:)'(.J"(,$25(#$*(9*%&(6&(>&#&*$(0#9153$:5(3)("(3$65(2&(
6*&'&U(i(C$%(0%(B$*%$(61&"7&$.35/($>*?&=*()%(=G#9&:(.#&1*:(?*J"(0%:1&9*
<*13$(((2&(((6"'*7*&(((2&(((6&(((\'&X$%2&16'$:=U
LML
6&(P,*3:*#5_(3G%2($(35'3$:()':*#$("$15(0%(9*.&1*35U(CG%5(.5(4G%2&$.35/($*(.*(:)1%$:(0%((&$(("(415#$25(2&(6')#9U(
+$'):(+<(6)65JL((2*%(((6$1:&$(((#&$(((6&(((P5'(((95:1G%_D000000000000000000000000000000000vL
S((<&,$((2&((4&%)'(5.:$/((1&3)%"$?:&((-$1:%$3^&U(((<&J$7*((WUT(2&J"(((>1*6:)15((3$'25W(((]1*6:)1$(((2&((3$'((7*J"(((2$)(
>515((3$1:&'5(u
C1"6)%&1&$(')*(.:G1%&?:&("(3&$1:5($61*%.5(3)(3B&'%&1*7$U(3$1(%)(,1&$(.5(.&1,&$.35(#G%3$1&(3$'25('$(9$1U(<G%2(,&2&(
0%.5(35(A*3)7)'(((0?*(((.3"$:&(((3)7*:)'(((2&(((')6:5(((2*%(((3*=#5(((?*(((*JL(((6I%&(%&65.5:"1(0%:1&(6*3*"$1&/(0%:1&9G%2J"(
2$35($(#$*($,):(2&J$(>$3&(3)(()%$(($:G:((2&(($.3)7*:5/((3&2&$=5U
S((K)(.J$((61*%.(%*#&%*(35(>$=$(3)(61&":)'(&("(3$3&$'#$W(0%:1&$95((A*3)7)'/((3)(4)1$((6'*%5((2&((>1*6:)15((2&((3$'(0%(
.G%4&
S((F$/(&(3)1*"./(*%:&1,*%&(C"1:$U((F$35($?($)=*(35()%($#*3(2&J$'(#&)($(>".:(6).(6&(21)#)'(>515(2&(0%:"$13&1&(2&(
35:1&()%(7G13",%*3/(%J$?(#$*('5.$(6&(%*3*()%(3*"1"*(2*%(5.:$(%&41)(.5(.&($61"6*&(((2&(((#*%&U(((A$*((0%:G*(((LJ$?(
9)#953*(((3)#(((.&((3),*%&U
S((A$T"1*:$:&$("$#&%*'"1(0%(:"$:5(>*1&$(.)%:(#$*(61"?:*(2&3G:(&1$)(3G%2(.J$)(%5.3):/(&X6'*35(-$1:%$3^&/(?*(%)(
:1&9)*&(.5()*:$7*(35(.*%4)1)'(:*6(3$1&(?*J$(2$:(.&$#$(35()%(6"65(*J$(T)3$:(>&.:$(%)(#$*((6"$:&((,"19*U((c((#"1:D
S((<)#(((0*(((#*&1'&?:*(((2&((("9*3&*W((0%:1&$95(((C"1:$((3)((*%:&1&./(3"#$%2G%2((0%35((("(((>1*6:)15U
-$1:%$3^&(:$3&(3G:(:*#6(3B&'%&1*7$(0*(.&1,&?:&(3)(9&1&(.*(?'*9",*75U
S((]"'".&.3(%)#$*(#&:"2&(,&1*>*3$:&(?*(.*4)1&U(8$7)'(2&("7&'(.$)()%(6*.:"'(3)($#"1:*="1(%)(>$3((#*=&1*&(0%(T)1U(
Y&13*)'(5'$(.G%4&1*)(&(.3G19".U(\#(0%,57$:(%*?:&(3B&.:**('$(]"1:(m*::$)/()%2&(#J$#(2).(3$(,"')%:$1U(`:*$#(35(5*$(:&(
0%,$75(3&,$(3&(%)(6"7*($>'$(((2*%((($':5(((6$1:&/(((6&(((:*#6(((2&(((6$3&U
S((<&((>&'((2&((3B&.:**W((0%:1&$95(((C"1:$/((0#6*%4G%2((%&1,".("(61".:*:)$:5/(3$1&((&(((6&((3$'&(((.5_(.&(($?&=&((('G%45(
&'U
]&#&*$(2&.3B*2&(4)1$(.5(.6)%5(3&,$/(2$1("(0%3B*2&(1$6*2(0%(#"#&%:)'(0%(3$1&(25(3)("3B**(2&(3)7*:(?*(2&(9"X)'(3)(
7*%:&U
S((\#(((0%,57$:(((?#&3B&1**'&(((6&((3$1&(()%((2"#%((&2)3$:((1*J$1V(:1&9)*(0%(%*3*()%(3$=(.5('&(?:*&/(3"%:*%)5(
-$1:%$3^&/(2)3G%2('$(4)15()':*#&'&(9)357*(2&(>1*6:)15/(3)(4&.:)'()%)*("#(3$1&(3)1575("(3"3*%5U
<G:&,$("1&(#$*(:G1=*)/(6'&$35(0#61&)%5(2&('$(P@G.35(3)(:1&*(6*3*"$1&_U(C"1:$(.6)%&/(3)("(,"3&($9*$($)=*:5/(2G%2)J*(
')*(-$1:%$3^&()%(4B*"%:(0%(3"$.:&h
S(((Z1&$)(3$(c4"%(C)>$1&=)V(.5(2&$("1:)'V6"6**(*%.:$%:$%&)U(F$1(:*35'".)'(5.:$(%&:1&9%*3(:1&9)*&(.5($>'&(35(&)(.)%:(
3&'(3$1&(*J$(,&%*:(2&(B$3D(0%2$:5(3&J*(:1*#*7*(.)>'&:)'(')*(%&41)(0%(*$2/(.5('$?*(6&(3$2$,1)()%(9*'&:(6&(3$1&(.5(.31*&h(
PH6:=&3*('$(.):5_/(3$(.5($>'&(:":(;&1'*%)'(3&(657&.3(3&*(3$1&(%)(,"1(.5J?*(6'5:&$.35(2"9G%2$U
b(K)(&(6)7*%(3$#(*#61)2&%:W(0%:1&$95(61&3$):(-$1:%$3^&U(J(')#&$(?:*&(35(:)(&?:*(6&1."$%$(3$1&(3&1&($3&$.:5(
2"9G%25/($1(2$35(.:*3'&7**(2*%(\*&X(%)(.)%:($?*(0%(2&='&4$1&$(31*#&'"1U(,"1(.31G%:*(61&$(#)':(#*%7*'&(.5J?*(2&$(.&$#$(
3*%&J*(L)r[V.)'(6)>$1&=)V($13("(?'&$B:5(0%:1&$45(2&(:G1>&U(<G:&,$(2*%:1&('$C($[("1(.T(3*1*6&$.35/(?*($:)%3*(95*&7**(2*%(\'&X(
:&(,"1(0%B$75
3$
(b(KTJ$13(%*3*()%(>$1#&3(2$35(%)(&(3'$1(35(2&('$(#*%&(*(.J$(1G2&(C"1:$(2*%(*%*#5U(C'53&1&$($.:$(#&1*:5(1*.3)'U
Lb(;*%&U(H1*3)#/(&(,"19$(2&(3$6)'(:5)/(15.6)%2&(%&65.5:"1(-$1:%$3^&U(c)(,"*($,&$(41*T5(.5(%)(.&($>'&(%*#*3(
2&.61&(#*%&U
b(K"1#$'/(=G#9&?:&(C"1:$U(<G%2(,"1(2&.3"6&1*(6&(3$2$,1)(9*'&:)'(3)("6:=&3*('$(.):5/("(#)'7*#&(2&("$#&%*(2*%(
;&1'*%(,"1(:1&#)1$(2&(>1*35(?*(.&U(,"1($4*:$(.5J?*(6'5:&$.35(2$:"1**'&U
S((!592$1&$(%"$.:15($1&(?*(&$('*#*:&/(159)>%&?:&(A*3)7)'U(H(v5($>'&(:"7*(35(%&J$#(0%:"1.(2*%(15=9"*U(<G%2(
C)>$1&=)V("(.J"(657&$.35/(((%&(((,"#((("3)6$((2&(((6*:*3$%*$((($*$(($>)1*.*:5U
C"1:$(0'(.)%5(6&(c4"%(2&('$()%(:&'&>"%(6)9'*3/($2)3G%2)J*(>&1*3*:$(,&.:&($(1&0%:"$13&1**(.$'&('$(;&1'*%U
S((F"$#%&/(((7*%&J#5D(((c?:*(((3B*$1(((:)/(((C"1:$W(((<&(((.)161*=5(6'53):5/(.:1*45(c4"%U(K)(7*(.J$(0%:G#6'$:(%*#03(
15)(0%(15=9"*)'(5.:$(((31)2W(((\)2(((35(((.&(((6&:1&3(((')31)1*(((0%41"=*:"$1&(((6&J$3"'"D(Y"3#$*(3G%2(:&(4G%2&?:*('$()%(
61*&:&%(21$4/($)q*(35(2&(>$6:($(#)1*:D
S((K)J7*(>$3&(41*T*/(0'('*%*?:&?:&(C"1:$U(\#(#$*(#)':5(,*$75(0%(#*%&(2&3G:($*(.6&1$:(:)(?*($'7*(3G7*,$U(Y&J$*(6):&$(
3"%,*%4&(2&(3B&.:*$($.:$(2$35(6G%5('$("6:(.&$1$(%J"(.5J#*(6'5:&?:*(2$:"1**'&(6&()':*#**((2"*((($%*D
S((F1$4)'(#&)(C"1:$/(:":)'(.J$(.3B*#9$:(2&(3G%2($*(6'&3$:(:)(.5((#$*((3)3&1&?:*((%*7&'(m,A*%.(-'0\!!6&%:1)(
95:1G%$((@&1#$%*3/(21$4$(2&(&$U((0#*((6$1&((15)(35(:1&9)*&((.5(>*)(61*#)'((3$1&(7*J"(.6)%&/(2$1(.5((?:**((35((7*J$)(
61&')$:(($'7**(($>$3&1*'&U((+)%:((%*?:&("$#&%*(((%&.)>&1*7*D(((m5)D(((K)J*(((,&=*(((%*3*"2$:5(((=G#9*%2D
S((8$.5($.:$D(153%&?:&(C"1:$/(6*31=G%2)J?*(.:56G%*1&$(2&(.*%&U(j+)>'5(>)#)'(0%((1&3&6:"1/(3$(?*(3)#($3&.:$($1(>*(>".:(
>$7$((')*(c4"%Uk(Z**(3G%2(7*J$#(.6).(?*J#*(2$*(#5'$*)'U(`*(6&(%&.)>&1*7**(5*$(.5((7*J*((9$4*((0%(((3)1U(((2$35(((#$*((($*(
'"3(((?*(((6&%:1)((&*D
F1$4)'(#&)((C"1:$/((1&6'*35(c4"%(6&(()%(:"%((#)'7)#*:U(2"$1(%)J7*(0%3B*6)*(35(,1&$)(.5(2$)("1:)'(6"6**/(%)W(A$*(
$'&.($3)#/((3G%2((,**:"1)'(((6$1&(((.5(((>*&(((2&.:)'(((2&(((61"#*75:"1D(U(((r(\.3)':5J#5(3)($:&%7*&/(95*(45"$=5(2&(
#$*#)75/(>*)(2&(1:5(.5'9$:*35/(?$3$C*#6)7*:(?*(:1525:"1D(1$4&(C"1:$(0%(1&3&6:"1U(%)($6$1*(3)()%(.$3(2&(6$1$'&/(7*%&(
#*%:&(35(7*(.&(,$
m,A,%.(
(-'0!!e!!!.6$**)(((,*:$'(T%"$"V
LNO
0%:G#6'$((3&,$(((15)U(((<&,$(((>"$1:&/((>"$1:&((15)U(((<&,$((3$1&(:&(.&6$1$((6&%:1)((,&3*&((2&((')#&$(($.:$D(((_(
x+
G
S(((\$$/((%J$*((.5((>$3*((:)(($?$((3&,$U(((%&3B&$=5((c4"%($4*:(*=9*%2(((0%>1*3"?$:(((:&'&>"%)'(((2&(((6&1&:&U
S((@G%2&?:&J:&((9*%&/((.&35:)15/((3*%&((&((?&>)'D
C"1:$('$.5(1&3&6:"1)'(.5($:G1%&U(F&(2&6$1:&/(.&(#$*($)2&(,"3&$(((.)97*1&((($(((')*(((c4"%U
S((+J$(3$#(.6&1*$:/(1G%T&?:&(A*3)7)'(.$:*.>53):U(C1&3*.("(.5(,*%5U
F$1(A*3)7)'(.&(0%?&$'5U(c4"%(%)($6$1&U(\(2")$(=*/(C"1:$(?*(A*3)7)'(.&(2)3(6&(+6&1'*%4.:1$..&/(0%."7*7*(2&(
I%:&1">>*=T&1(-$1:%$3^&/(6&%:1)($(6)1:$("(2*.3)7*&(*%:*#5(3)(c4"%(C)>$1&=)V(<G%2(.5(*%:1&(6&(6"$1:$(9'"3)')*(')*(
c4"%/(Z*"'$(+6$14&J;"$?&($6$1&(3$("(,*T&'*&(?*JL(0#91G%3&?:&(6&(A*3)7)'U
S((<&(((21$3)V/(((=9*$15(((&'(((&%&1,$:/(((1*2*3G%2)J?*(((9"%&:$(((2*%(#"3*1'5U(F&(3&(%)(:&()*7*(6&()%2&()#9'*/(.31"$>5(
"9&=5(3&(&?:*W
S((c)/((.31"$>$(("9&=5W((153%&?:&((Z*"'$(T*4%*:5/('",*%2)JL(3)(6*3*"1)'((0%(((4'&=%5U
S((<&(((%$*9$(((>$3*/(((:G1>5(((2&(((2"*(((9$%*/((2&(((#G%$(($((?$6:&$W(&X6'"2&$=5(((A*3)7)'(((.3".((2*%(((#*%7*/((7"65*%2(
0%:1J)%((6*3*"1(?*(>1&3G%2)J?*(4'&=%$('",*:5U(8$.V(35(:&($1$%T&=(&)/("(.5(:&(1)6(0%(2")5(((3$(((6&((("(((=21&$%75D
S((`:&14&J"/(7515%"*)'&D(?)*&15(Z*"'$($1754"$.5U(H(.5J7*(=9"1(>)2)'**'&D(((F$35(($*(($?$((3&,$D
S((<1&2((3J$*(6).J"(%)#$*(3)(3$1$3$:*7&/(6)>%&?:&(A*3)7)'/('",*%2(3)(6)#%)'(0%(2*1&37*$((Z*"'&*U((F$35($1(>*($:*%.J
"/($1(>*("#"1G:J"(3)(.*4)1$%75/(2$1(&$(1&)?&?:&(.5(>$35()%(6$.(0%$6"*(?T(.3$65(((%&,5:5#$:5U(((\6"*((0'(((6"3%&?:&((3)(
6*3*"1)'((0%((4&%)%3B*U(!&6&:5(((4&.:)'/(((954G%2)J*(((?*((()%(((2&4&:(((0%((("3B*U(((A*3)7)'(((.&(1".:"4"'&?:&(?*(.&(
$6)35(3)(#G%$(2&J)%(351)3*"1(6'*%(3)U(6&?:&/(2*%(>$7$(6&.351*&*/(0%($3&&$?*(3'*65/(0'(?*(1*2*35/(15.:)1%G%2(6&?:**(
.:1*3$7*(((6&.:&(((Z*"'$U(((;)357*(((2&(((6&?:&(((=9"$15(((61*%((($&1U
S((@$:$((2*.:1$37*$/((=9*$15(((C"1:$((*1*:$:/((>53G%2(("(0%3&13$1&(%&1&)?*:5(2&($J*(2&.6517*U(KJ$,&#(:*#6(2&(T"$35U(
\#(,&%*:($*3*(.5(((1&="',5#(((%*?:&(((61"9'&#&D
Z*"'$/((0%.5/((&(3"#6'&:((:)19$:5U
0%?>$35()%(6&?:&/(0?*(*$($,G%:/(0'($=,G1'&/(2$1(41&?&?:&(7*%:$U(E%('"3(.5JL('",&$.35(6&(A*3)7)'/(6&?:&'&(0'(*=9&?:&(6&(
%&4).:"1/(3$1&(:"3#$*(*&?&$(2*%(#$4$=*%U(<)()%(7*65:($.3)7*:/($3&.:$(3$2&(6&(.6$:&U(C*3*"1)'(')*(2&('&#%(=9"$15(
61*%($&1(?*J"(6"3%&?:&(6&(Z*"'$(21&6:(0%(>$75/(2$1(&$(0?*(*#$4*%&$=5(35(A*3)7)'(&.:&(3&'(3$1&($('",*:J"U(F&4&:&'&(*(.&(
0%3","$*&(61&3)#(4B&$1&'&()%)*(,)':)1(?*(=&3&()%4B**(1"?**(915=2&$=5("91$T**(A*3)7)')*U(+*#7*%2(3)#(0*(7G?%&?:&(
.G%4&'&/(A*3)7)'(0%?>$35(6*3*"1)'(2&('&#%($'(%&4).:"1)')*(2&(6&?:&(?*J"(6"3%&?:&(6&(Z*"'$(21&6:(0%(3$6U
('+
'(31$65(0%(2")5/(2$1(Z*"'$(%)(&.:&(0%35(0%,*%.5U(\1&(g<L{%$#&%:/(&("9*?%)*:5(.5(*(.&(.6$145(.:*3'&(0%(3$6U(!5.)>'G%2(
$ :1u
_ (&)(0'($:$35(0%('"3)1*'&(#$*(.&%.*9*'&U(F&4&:&'&(&*(,&1.$:&(0?*(>V_()3*!6&(.)9(#$%:$)$(')*(?*(6&(.)9(3&'&(:1&*(
6&1&3B*(2&(*=#&%&(>*1$:&(2*%(.:"3)'(\1#$:&*U
@)1$(A*3)7)')*(.&(3$.35('$14U(I%(153%&:(.5'9$:*3(15.)%5(6&(_(:1&$4$(.:1$25U(@&%)%3B**(0*($T)%4('$(%*,&')'(3$6)')*(
?*/("(3'*65/(1&(.).6&%2$:(0%($&1U(8$(m*1^).(f1$%=($1(>*(61","3$:()%(1"6":(2($6'$)=&U(+&(1".:"4"'&?:&(6&(.:1$25/(
)1#$:(2&("(:1*3*3'&:5(2&(#$1>5/(0%3513$:5(3)(.$3*(2&(6"1)#9U(A*3)7)'(&(0%:1J"(.:$1&($:G:(2&(T$'%*35(0%3G:(%*3*(%J"(
"9.&1,5U(<G%2(0?*(1&,*%&/(%)(.&(4G%2&?:&(2&3G:('$(Z*"'$U(\(2*.651):/(2&(6$135($(0%4B*7*:J"(65#G%:)'U
bb(6*3*"1)'(#&)D(=9*$15(%&4).:"1)'(2&(6&?:&/(0%3"%T)1$:(2&("
#)'7*#&((2&(3):**((.:1*,*:&U
bb(c($*3*/((?"%:"1"4)'&D(()1'5((A*3)7)'/((?*J*($1)%35(6*3*"1)'
21&6:(0%(415#$2$(2&(6&?:&(:&13*)*:U(H9.&1,5(2)65()%(9):"*(65'51*$(Z*"'&*U(F&3*($3"'"(#*J&?:*D(;"$1>5(%&%"1"3*:5D(
1$4&(&'U(H($6)35(2&(6*&6:(?*J"($=,G1'&(61*%()?$(2&('$(P@5*%$(,&12&_U
Z*"'$(=9"$15(3)(,*:&=$()%)*(4'"%7/(0'(:1$4&(?*(6&(C"1:$(2)65(&$/(?*(.&(*=9&?:&(2&()%(.)6"1:(3$1&(3G%:51&?:&($61"$6&("(
T)#5:$:&(2&(:"%5/(>53):(2*%(:)9)1*(2&V("9)=&(2*%(61*#)'(15=9"*(#"%2*$'U(\3&.:$(.&(6159)?&?:&(3)()%(9)9V**0(
$.)1=*:"1(6&(#$.$(.6&3*$'5($(6*3:"1*'"1(?*("(>51G#5U(;&1&/(>1*6:)15(2&(6"13/(3$1%&(2&(3$'/(.".(?*(3G1%$7*(.)%:(
$1)%3$:&(0%($&1(?*(.&(61&'*%4(0%3&:(6&(6&1&7*U
S(!)?**D(7*65()%(*%,$'*2(2*%(61*#)'(15=9"*/(j0?*($4$75()%2&,$(6*3*"1)'(2&('&#%(?*(%)(.&(#$*(6"$:&(#*?3$Uk(]1"%:)'(
!"?)D(#$*($6)35(&'(.5(0%4G*#&(?*('&?*%5U(E%.*4%$(0*(.:15')3&?:&(6&(1&,&1)'(B$*%&*U(\()*:$:(.5(?*J"(.3"$:5U(F*%($3&$(
=*/(%J$(#$*(6)1:$:J"(%*3*"2$:5U0000000000000000000000000000000000000000000000000V
I%:&1">>*=*&1(-$1:%$3^&(.&($>'5(0%(6'*%(61"3&.(J(2&(2&.6$3B&:$1&($(B$*%&*(.$'&(61&"7&?:*/(3G%2(U&($1)%3$:(6&.:&(
:&T4B&$)$(9$1)')*U(Y1$4&(2)65(&'(:1&*(6"17**(2&(+$)&1^1$):(?*(c*.9&*%[U(+'"9"$2&()%(4&$#5:(0%59)?*:(3$(2&(3)3),&$(
?*("(*$(1$=%$U(Y"$:&(6'$%)1*'&(61&3&2&%:&(3$2U(K)(#$*(&(:*#6(6&%:1)(61&3$)7*&(?*(6&%:1)($37*)%*(#$.3$:&U(F*1&3:('$(
$:$3D(<)()%(1G%T&:(2*$9"'*3/(0?*(.#)'4&(K$4$%)'(2*%(:"3)'(2&('$(.)9.)"$15U(SJ(\?$g/(c4"%/(:&(.3":(&)(2*%(
>)%37*)%&D(`:*&(35(c4"%(.:5(0%(9*1")D(')*/('G%45()%(3$'3)'$:"1(.)61$0%35'=*:/($?:&6:G%2(6$135()%(31*#*%$'(3$1&(.5J*(
=9"$1&(31&*&1**U
*($3&()%(.$':(6&.:&(:&T4B&$)$(9$1)')*/(&,*:G%2)J*(3)(41&)(6&
t'$(.*(%&(C"1:$(((1$1&(.:$%(%&(%"2&$U(#).3G%2)J?*()%)D($':)*$
Z*"'$(?*(%&(C"1:$/(3$1&(.:$)(6&(6"2&$/(#)?3G%2)J?*()%)D()1&3B*'&/(0?*(?:&14&(+$)&1^1$):**'(2&(6&(>$75(?*(6'&$35(2*%(
9$
<*"'$%((2&((6"13((3)((,$1W5(($31$((=%"/"V"
$':)*$(9$1(3$("
LMv
,*T&'*&U(P\.*$/(4G%2&?:&(&'/("(.5(*%:1&(0%(*.:"1*$(;&1'*%)')*U(}}/(.bU(#$*(0%:G#6'$:(6G%5($3)#($?$(3&,$U(<G%2(95:1G%)'(
]1*:=(?*V:V{W(4&%&1$'**(B)(,"1(>*(#"17*(?*(2&#)':()*:$7*/(.&(,$(,"19*(0TD(3"%:*%)$1&(2&.61&(~+"')7*$(]*%$'5Å(?*(2&.61&(
3&J$(657**(c()llUk($(T%(3&'(2&J$'(2"*'&$(15=9"*(#"%2*$'_U
c4"%(.:5(6&()%(.3$)%(3"%>"1:$9*'/(61*,*%2(#)'7)#*:(3*>1&'&(jT&(6&(3$'3)'$:"1/(3G%2(2&"2$*5()?$(.&(*=9&?:&(2&(6&1&'&(
3)($:G:$(,*"'&%75(0%3G:(&(.#)'.5(2*%(9$'$#$'&U(8$(0%3&6):/(31&2&(35($(%5,5'*:(0%5)%:1)()%(0%:1&4(1&4*#&%:U(+&()*:5(
0#6*&:1*:('$(4)1$(7&,**(6*.:"')')*U(I%(.)%&:(.:1*2&%:(0*(=4G1*&(:*#6$%&'&/(?*%&'&(3G:&,$(>*1&(2&(651(6&(3$1&('&(#$*($1&(
6&(3$6(*(.&(=9G1'&.3(2&(>1*35(8&"/(9)35:$1)'/(0%3&$135(.5JL(61&,*%5($.)61$(6&1*3"')')*(3$1&J*($#&%*%75U(C*:*3)'(
H'*&1:/(2&(%)#$*()%(#&:1)(:1&*=&3*/(3$2&(>)'4&1$:('$(6*3*"$1&'&(.3$)%)')*(')*(c4"%/($4*:G%2)J?*(91$7&'&(3$()%(
3)13$%(3)(3$6)'(1&:&=$:U
c4"%(0?*(3$.35(:&1"1*=$:("3B**($'9$?:1*(?*(.3G%3&?:&(&$("(6*.*35()25('&"$135/(6&()%(.'"*(2&(4B&$75U
S((CG%5((($*3*((((7*J$((((>".:D((((C&?:&((((%&%"1"3*:((((3&((((&(?:*(*(((1$4&(-$1:%$3^&U(((H((.5((:&(((0#6)?3(3$((6&J)%(
?"9"'$%D
S((KJ$*%(6):&$(.5(2*.3):5#(6)7*%W(0'(*#6'"15(c4"%/(3$1&(.&(61*3&6&((2&((#*%)%&((.5((.3$6&((2*%((3&'&(((#$*(
2*>*3*'&((.*:)$7**U
S((\*(2*.3):$:(2&.:)'(0%(,*$7$($.:$D(0'(0%:1&1)6&(-$1:%$3^&U(3)()%(B"B":(15):53*".U(\*(.J"(657&?:*D(C1"6:&?:&(4)1$(
7&,**(6*.:"')')*(6&((%$.)'(((')*(((c4"%(((?*(($6$.5((6&((:154$3*U
H(&X6'"=*&()1*$?5(=4)2)*&(6&1&7**(P@5*%**(,&1=*_/(>53G%2)JL(6&(%&4).:"1)'(2&(6&?:&(2*%(.:1$25(.5(.&($256".:&$.35(
0%(.6$:&'&()%)*(9):"*U
c4"%(.&(1".:"4"'&?:&(2&(3G:&,$("1*/(3)(.3$)%(3)(:":U(H'>&1:/(6*:*3)'/(.:5(6&(6"2&$/(=9*&1G%2(.5(>*&(3B&#$:5(6"'*7*$(?*(
3&*(2*%(++U(c'V(&()%)'(2*%:1&(#&#91**(>"%2$:"1*($*(C$1:*2)')*(?*J?*($#*%:&?:&(0%:":2&$)%$($3&.:(')31)(3G%2(,*$7$(0*(&(
0%(6&1*3"'U
-$1:%$3^&(0?*(3"%:&#6'5()*#*:(#G%$U(+G%4&'&(.&(61&'*%4&(6&(2"3)#&%:&'&(2&(6&(#$.5U(+J$(4159*:(?*($(>53):("(
41&?&$'5(>$:$'5/(%&6&11%*.5(%*3*(3B*$1()%)*(1&31):(3$1&(2&J$9*$_(?*J$(0#9153$:()%*>"1#$(."'257&$.35U(\1&(61".:)'(
"9*3&*(2&($J?*(')$(3)(&'(0%:":2&$)%$(2")5(6*.:"$'&/()%(K$4$%(1).&.3(?*()%(CJde(4&1#$%U(0%(9)=)%$1($1&(#)%*7*$(
6&%:1)($#G%2")5U(F*%(3$)=$(0%35*&151**(3)(Z*"'$(?*($(3"%>)=*&*(3&($()1#$:/($(0%3513$:(K$4$%)'(3)(#)%*7*$(CJdeJ
)')*U(K*3*("($1#5(%)(6"$:&(>*(0%3513$:5(2&3G:(3)(#)%*7*$(&*U
K$4$%)'(.J$(>53):(75%251*U(;)357*(2*%(2&4&:&'&(')*(-$1:%$3^&($)(.51*:(0%(:"$:&(6517*'&U(])4&(?"3$:(2&('$(P@5*%$(
,&12&(U(%&$#*%:*%2)J?*(%*3*"2$:5(3)#($($T)%.('$(A*%*.:&1)'(2&(!5=9"*U(+$%*:5:.JI%:&1">>*=*&1(+:&*%B$1:(0*(3"$.&(
15%*'&(2&(6&(#G%5(3)
LNo
/(53T&U(%*3*()%(#&2*3(%J$1(>*(2&($3"12(3)(>&')'(0%(3$1&(')31&$=5/(&VJ(bb(âUp(6)7*%("(')%5(%J$1(:1&9)*(.5(*&?*(2*%(
A*%*.:&1)'(2&(%JJ9"*(1$4&(+$''a(>)1*".U(+6&1(35(:&J$*('&3)*:(.5(#$*(*&*(3)(:*%&(%)5($1#&(2*>&1*:&D(c?:*(.51*:(2&(6&(>*X/(
.5(?:**D(07*(2$*(.&$#$(35(i:V(3"#6'&:(7*3%*:W(`:*&(2&T$("(T)#5:$:&(2*%(;&1'*%(35(:)($*(>53):(&5=9G:**'&(2&('$(P@5*%$(
,&12&_U(CG%5(?*()%(T*2$%(B5#&.*:(?*J$1(2$(Vi&$#$(2&($.:$U(\3)#(.)%:(.*4)1(35(#$*35J:$(%)(.J$(4G%2*:(61&$(
#)':V3G%2(:&J$(61"*&3:$:D0000000000000000000000000000000000000000000000000U(U(>(U
-$1:%$3^&(61*,&?:&(0%31)%:$:(?*("':&$=$(3)(1&.&#%$1&/(0?*(:$3&(6'$%)1*(.5JL(:&1#*%&(3)(61*#$("3$=*&U
0%(9*1")'(2&('$(_@5*%$(,&12&_/(c4"%(0?*(6*65*&(0%#51#)1*:(>$7$U(CT*%5('$()1#5/(0?*(25(.&$#$(35(%)J*(3)14&(.G%4&(?*(
35(2&(>$6:g%J$(657*:(%*#*3/(0'(3)61*%2&()%(.&%:*#&%:(2&(9)3)1*&
%&.:5,*'*:5U
S(AJ$#(.3)'$:(2*%(#"17*/(.6)%&(&T/(6'G%4G%2(?*(1G=G%2(0%
$3&'$?*(:*#6U(j0*(#)'7)#&?:&(')*(F)#%&=&)/(2$1(0%3&6&(*#&2*$:
.5(9'&.:&#&Uk(!5=9)%$1&D(.:1*45(&'U(!5=9)%$1&D(Z1&$)(.5JL(,52(6&
9'&.:&#$:)'(5'$(2&(P+"')7*&(]*%$'5_(>53):(9)357*U(H(.5JL(2$)(61*%
U#$?*%$(2&((:"3$:(((?*J"((.5JL(($1)%3(('$((3G*%*D
<)(6*:*3)'(H'>&1:(0%(>1)%:&/(9$%2$(')*(c4"%(.3"1#"%&?:&(;&1'*%)'(0%(35):$1&$(')*(-$1:%$3^&U(c4"%(&($:G:(2&(>)1*"./(
0%3G:(%J$(#G%3$:(2&(:1&*(=*'&/(2&?*(&()%($2&,51$:(4)1#$%2U
Y1&6:$:/(,G%5:"$1&$(.&(2"#"'&?:&/(0%:1J"(2)65J$#*$=5/(6&(3G%2(c4"%(.&(2*.:1&$=5(3)(2")5(2*%:1&(61&>&1$:&'&(.$'&/(
C"1:$(?*(A*3)7)'(2$)(9)=%$(0%(3$#&15/(>515(.5(9$:5('$()?5U(c4"%(:"3#$*(.&(0#9153$.&(3)('&%T&1*$(2*%(#5:$.&(?*(
2$%:&'5($()%&*$(2*%:1&(>&:&U(+&(.*#:&(9*%&($?$U
A*3)7)'(0*(0#6*%4&(91):$'/(0%()1&3B&/(6)?3$(3)(7&$,$(1&:&=$:5U(S(<1&2&$*(3J$*(.356$:W(?)*&15(&'(3)(15):$:&U(K)D(c(
2"$1(0%3&6):)'D(Y"7*(:*3%*7**(5*$(3)'7*(3$1&(.&(2)3('$("6&15(.6)%(35(.>G1?*:)'(&(0%:":2&$)%$(6$1:&$(3&$(#$*(41"=$,5U(UV(
S(Y&J$#(1)4$:(.5(,**(.5(:&J%:G'%&?:*(3)(%"*/(%)J*($?$W(_'gg^5(C"1:$(3)(9)%5,"*%7$/($6'&3G%2)J.&(2&$.)61$(')*(
c4"%U(jmG#9&?:&(?*(0'(3*)6&?:&()?"1(2&("91$=Uk(+&(6$1&(35(%J$*(,1):(.5($*V1*(g&(:Vr$#(.6)./($?$(0%3G:($#(B":51G:(35(:&J
$*(6):&$(2&.3)13$(`Vb(:$15()1&3B*U(y*('&(,"#(=9)1$(6&($#G%2")5D(Z&*($,&$(6'53&1&$(.$($)=*(=4"#":)'D(KJ$#(,1&$(
.5J7*(156*#(9)3)1*$($.:$D(Z$(>*(3&$(#$*(.:1$?%*35(9)9)*:)15(6&(3$1&($*($)=*:J"(,1&"2$:5D(\*(.&%=$7*$(3$J7*(
&X6'"2&$=5(:":(3$6)'U(`*(6"$:&(3B*$1($?$("(.5(.&(?*(0%:G#6'&D(ML()1&3B*'&($.:&$($'&(:$'&U(6&(3$1&(%)J7*(6'$3&(.5('&(
>"'".&?:*/(.&(,t1(.>51G#$D
P(S(K)(6):&7*(.5J#*(>$3&7*()%$(3$($.:$D(.:1*45(c4"%(>1G%:5/((7*%G%2)J?*(((#G*%*'&((6&((>$75U
3)(,"3&$
LMn
LXP(

S((K)/(=5)W(1G2&(JA*3)7)'(3)(6">:5U((]**(3"%,*%.(35(6):&#(.&35:)15D
S((\1((>*(("((31*#5D((?"6:&?:&((c4"%(154)?*:/(.:152)*%2)J.&(.5(.3$6&U
S((13)$,!+,!&(-%+,'(P!1G2&(C"1:$(0%3G%:$:U(A$*(6":1*,*:($1(>*(.5J*(((.6)*((((P2&1$:*=$1&_/(((?"9"'$%)'&D((((<G%2(
"(((.5J7*(((:5*&#(*%.:1)#&%:)'(?*J"(.5JL(:1*#*:&#('$(\'&X/(,"#(61*#*("(#&2$'*&U(`*(,"*((2")5/((*%:1$7*(0%(2)'$6D(
'&("12"%5(&'(3&'"1(2")5(>&#&*(6&(T)#5:$:&(4"$'&/(3$1&J*(7*%&$)(3"#6$%*&(C)>$1&=)')*(?*(3$1&($3)#(.:$)(0%(
,G1>)'(6$:)')*/(:1&#)1G%2(2&(>1*35U(F$35(>$3&7*(#$*(#)':5(45'54*&(2&3G:()%(#":$%(U3$1&()1#51&?:&("(#G75(0%(
35'2)1*/("(.5(,5(:5953*#(>)%2)1*'&(6G%5(3G%2(%J"(.5(#$*(?:*7*(2&(,"*D(+)%:&7*(3)1*"$.&((.5($>'$7*((3)#((&W
S((<)%"?:*((,1&"(((1)453*)%&W(((0%:1&$95(((A*3)7)'((6&((()%J(:"%($.61)/(6"3%*%2)JL(6&(c4"%(3)(2".)'(6$'#&*U(
K"*(.)%:&#(>"$1:&("#&%"?*/((%)(,1&#(.5(:1*#*:&#()%(*%2*,*2(3$(:*%&(6&()':*#)'(21)#((>515((.5J*((25#((?$V%.$(
.5J?*((.6)%5((1)453*)%&$U
SV(-$*2&7*(.5(.:5#(6)7*%(2&(,"195/(0*(*#6'"15(c4"%(3)(4'$.(154)?*:U(\#(9$%**U(KJ$#(,&%*:(3G%2(#*J$7*(.6).(
6&%:1)(35($(>".:("(%&0%7&'&4&1&('$(#*T'"3D
S((F$/(((2$/((.*4)1U(((@1&?&'*(((?*((%&0%7&'&4&1*D(((c'&((.)%:((3$)=$(:):)1"1(%&3$=)1*'"1(2*%(')#&/(">:&$=5(
*#61&.*"%$:(A*3)7)'U(-$*/(>5J7*(((1)453*)%&$/(((3$(((.5(((>*#(((.*4)1*(((35(((+>G%:)V(((C&:1)(((:&(((,$(0%:G#6*%$(
9)3)1".D
S((K)(((?:*)((%*3*(("((1)453*)%&D(((K)((.)%:((31&2*%3*".D(((=9*$15(2*.6&1$:(((c4"%U
S((F$/(((.&(((6$1&(((35(((%)(((&?:*D(((K)#$*((("$#&%**(((9)%*(((.)%:(31&2*%3*"?*/(((*$1((:)(((%)(((&?:*((9)%(($9."'):(
2&'"3D(((=*3&(((A*3)7)'/(0#6)%4G%2)JL((0%((3&$>5((3)(((7&$,$((1&:&=$:5($((6)?:**((.$'&U
S((\:)%3*/(1"$45J:&(:)(0%('"3)'(')*D(.:1*45(C"1:$/(0%3)*%2()?$(2)'$6)')*(((0%(()1#$((3&'"1(2")5((6$1:&%&1&(($'&(
')*(((c4"%U
S((Y$:5'(%".:1)/(3$1&(&?:*(0%(<&1)1*(S(*%:"%&$=5(A*3)7)'(3)(61*,*1&$(1*2*3$:5(.61&(:$,$%(S/(15#G*($3"'"(
)%2&(&?:*(.*('$.5J%&(6&((%"*(($*3*/(T"./((.5((%&(((1&="',5#((:1&$9$((.*%4)1*/(3$(.5J7*(>*&(1&6):$7*$((%&0%:*%$:5D
S((-$*2&((c4"%/(.5(>$3&#("((#*35(6'*#9$1&D((.6)%&((C"1:$/($1)%3G%2)J*()%(6$12&.*)/(0#91$35J:&D(K)(6):&#(
.5(#&14&#(3)(:*%&(6&(.:15=*'&(;&1'*%)')*(0#9153$:(0%('&%T&1*&(2&(2$#5U(+J$1(')$(2)65((%"*((3&*((2*%(((;1*4$2$(
A"1$,)1*D
S((`*(>515(45'54*&/(0'($:&%7*"%&$=5(A*3)7)'(3)($.61*#&/(0%(:*#6(3&(3"9"$15(.351*'&U(F$35(%)(,1&*(.5(:&(:1&=&?:*(
3)(>)2)'**'&(0%2&.$:&((6&((4G:D
<)(c4"%(0%:1&(&*/(.&(0%21&$6:5(6&(]1*&21*3B.:1$..&(35:1&("(#$?*%5J$#>*9*&($(A*%*.:&1)')*(2&(!5=9"*/(6).5('$(
2*.6"=*7*$('"1
('V
G:1&(H9&1>&'2R&9&'(+$''aU(I%(`3B)6"(61*,&?:&(3)(*%:&1&.(3)#(6c!!0#6*%4(6&((Uc4"%((0%((,&B*3)'U(LL(((bbb(
F&=&1:"1W(.&(*%:&1&.&$=5(&'/()*:G%2)J.&('$(c4"%(3)(2*.61&7U
bJ(F$(((15.6)%2&(C"1:$U(Y1&9)*&(2).(0%(>$7$(6'):"%)')*(2&
7*&U(Ü?$(.&(61"3&2&$=5(0%($.:>&'(2&(3$=)1*U(C&(%&#&1%*3**

(&(.&(:&#(.5(>*&(0#6)?3$7*(2&(*%$#*3(:1&9)*&(.5J*('*3B*25#(%"*D
3$
(b(\?$(&(3"1&3:/(0%3),**%7&$=5(0%4G#>$:("#)'(2*%(`3B)6"/
,G1G%2)J?*((2&4&:&'&((6&(((.)9(3&%:)1$(9*%&((').:1)*:5U
b(Z"1((.5((#5(()3*25/((=9*$15((c4"%((3)((2*.6&1$1&/((.6&1G%2
0%:1J"((?$%.5(2&(($((.356$U
b(cX&3)7*&(&(3),G%:)'(6":1*,*:/(0'(3"1&3:&$=5($.61)(6"'*7*.:)'(2*%(`3B)6"U(0?*(6"3%&?:&(:"3)'(6*.:"')')*(3)()%(
4&.:(.&#%*>*3$:*,U(+6&1(.5(:&(3":"%"4&$.35(9*%&(0%$*%:&(.5(:&J#6)?:&/(:*35'".
:1525:"1(3&((&?:*D
S((K)/(((.)1G2&(((C"1:$(((61&>53):/(((%)D((((E%(((\1#$:5(((%)(((.&(61"3&2&$=5($?$U(+)%:&#("#&%"?*U(y*%:*#('$(
>1)%:&U(`*($6"*/(6"3D(0?*(2)3&(#G%$('$(#$14*%&$(9"%&:&*(3)()%(4&.:(%"%?$'$%:U(`3B)6"(0*(15.6)%2&(('$((.$'):(
0%((#$%*&1$((3$="%5U
C"1%&.3(2*%(((]1*&21*3B.:1$..&((3)(,*:&=5((#$X*#5U
S((07*(61"#*:(3J"(.5($*(6$1:&(2&J"(&X6&1*&%75()%*35/(.6)%&(C"1:$/(0%(:*#6(3&(#&14(.61&(<B$1'"::&%9)14(
<B$)..&&U(Z&*(>*(61*#$((6&1."$%5(2*%((')#&(3$1&((,$(352&$(2&((6&((+*&4&..5)'&[U
S((-$*(.5(2*.3):5#(6)7*%/(?"6:&?:&(c4"%(>515(,'$45U(Z"*(%*3*(%)(((?:*7*((61*%(((3&(((6&1*"$25((2*>*3*'5(($#(
:1&3):((&)U(((Z"*(($,&$7*(61"9'&#&((2"$1((2*%((3$)=$((15=9"*)')*(((?*/(("1*3)#/((,J$)(($T)%.D
S((8$.V((35((?:*#((%"*/((1&6'*35((C"1:$/((7*%G%2((,"'$%)'(3)(("(U((.*%4)15(#G%5U(@1*T*'&(%&(0%,&%*%&$=5(,*$7$(?*(
.>G1?*#(61*%($('&
')$(3)(%"*(0%(41"$65U(Y*6**("6:*#*?:*(3$(#*%&(1&)?&.3(.5(.&(#&%7*%5(2&$.)61$(1$B$:)')*(5.:)*$U(F&(3)#($#(
2&.3B*.("3B**(0%(@&1#$%*$/($#(>".:()%("#(2&($>$3&1*(1&.6&3:$9*'(?*($#(>53):(0%:":2&$)%$()%(%&4"7(3*%.:*:(3)(
#51>)1*'&(3$1&($,&$)(35):$1&(6&(6*$75U
S((F&((&X&#6')/((*%:&1,*%&(((A*3)7)'((.*4)1(6&((&'/(($>$3&1*((3)(:$1>)'*7&/(?*(%J$*(3&1):(%*3*"2$:5(#$*(#)':(
2&3G:("6:=&3*('$(.):5U(c(:"$1:&((1&="%$9*'D
b!W$1(:)V(c4"%/(31&2(35(&?:*(.31G%:*:/(3"%:*%)5(C"1:$U(<B*$1
2$35($*(>1&=5(2&(3*,*'/(.5(%)J7*(0%3B*6)*(35(6"7*(.5(#5(2$*(4$:$D
Y&#9&'/($.:$(&D(=9*$15(>)1*".(A*3)7)'U(\,&$(*#61&.*$(35
C"$:&(6)%&(4B&$1$(6&(3&(,1&$(&'(?*(35(%&(6"$:&(:1$4&(6&(%"*(0%
)(((rr(c()%(?"3(6&%:1)(:*%&/(%)W(+5(:&(:1&=&?:*(35(%&(0%:"$13&#('$(;&1'#D(((.6)%&(((C"1:$(((3)(((:1*.:&7&U
/,
S((<"')#%$(((Z*3:"1*&*
#"%)#&
&%:((2*%(((;&1'*%U
(''
S((\#(>".:(0%:":2&$)%$(3*%.:*:(3)(61*&:&%**(#&*/(.)4B*7&(c&{(%&>&1*3*:U(((Z5((1"4/((>*7*((0%7&'&45:"1*(?*((B$*(.5(
#&14&#((0%$6"*('_(P@5*%$_U(F"9G%2$(,5($?:&$6:5($3"'"U(Y":)'(&(:1&3):(6&(3B*:$#(2&(6'$:5U(C"$:&(.J$(#$*(.:1&3)1$:(
3G:&J"(#*35(&1"$1&(2&(3$'3)'(2$1(&(.3)=$9*'5/(7*%G%2(3"%:(2&(,1&#)1*'&(0%(3$1&(:15*1%U(K)(&(3$=J)'(.5(,5(6'&3$7*(
)1&3B&$('$(:":(3&(.&(.6)%&(2&.61&(#*%&U(\1%()%((.)>'&:(9)%U((\?((#&1*:$((#)'7)#*1*((6&%:1)(:":(9*%&'&(6&(3$1&(LJ$#(
>53):(&)("$#&%*'"1/(2$1(%J$#($)=*:(%*3*"2$:5(,1&)%(3),G%:(2&(((1&3)%"?:*%75D
S((K)((#&1*7*(2&3G:(.5(7*(.&(45)1&$.35(7&$.:$/(2&3'$15(C"1:$('",*%2(,"'$%)'(3)(6$'#$U(F&(&X&#6')/(?:*)(>"$1:&(
J9*%&(35(:)(&?:*(3&'(3$1&(*J$(,&%*:(2&(B$3(-"7)')*(2&(;*3*3'&:&(?*/(:":(2*%(3$)=$(:$/(<B$1'"::&(((YG1>$(((.J$(($'&.((3)(
9*9*'*3$(((.>51G#$:5U
S((\.:$((((&(((("((((#*%3*)%5((((.>1)%:$:5D((((61":&.:&$=5((((8*4"%/(2)3G%2)J?*(#G*%*'&('$(3$6U(K)(#*J$#(65:$:(
%*3*"2$:5(#G*%*'&(3)(.G%4&D(`*('&(0%:*%2&(.61&(C"1:$/($3"6&1*%2)J*(3"#6'&:(,&2&1&$/(3$(.5J?*((0%."7&$.35(6'&2"$1*$(
3)(61"9&U((C"1:$(1&)?&?:&(3)(41&)(.5(&,*:&("(>&#&*&(3$1&(,*%2&(=*$1&/(0#9153$:5(0%(1"3B*&($'9$.:15l(0'(3"6'&?&?:&((3)(
&X61&.**(((,)'4$1&((0%((('*#9$(((')*(((@"&:B&U
S((c?:*(((61&$(('$?((?*(((61&$((2&?:&6:((.5((('&((>$3*((3B*$1((:)((>&')'/(.)1G2&(C"1:$U(((C*:*3)'(.&("3)65((2&(3B&.:**'&($.:&$U(
+J$()(2).(3)(P;$1=$_((('$(((<B$1'"::&(((?*(((*J$)(((.6).(((3J"(((.GJ*((($1)%3&(((3"6***(((6&(>&1&$.:1$(((2$35((%)((('&((25(
?$*=&3*(('$((.):$((2*%((3&J$(((3G?:*4$:(('$(P;)>%*7$_U(((c$($((1&>)=$:/($?$(35(.J$)(0%:"1.(?*($)(3":"%"4*0J"(6)7*%U((KJ$)(
"97*%):(%*3*($?$(6$1$'&'&/(>**%235(&$(.J$(4G%2*:(35(-"7)'J2&(;*3*3'&:&("(.5J7*(,*%5(2&(B$3/(1$B$:(3&(&?:*D(CG%5('$(
)1#5/((($)(((>".:((($1)%3$7*(((6&(((4&$#/(((?*(((&$/(((?*(((6)?:**U
S((F"$1((%)((31&=*((3J$?(>*((0%((.:$1&(.5(>$3("(>$6:5($:G:U(2&(3)#6'*:5W(0%:1&$95(c4"%(3)(,"3&(%&.*4)15U(<G):$7*JL(6&(
-"7)'(&'&(;*3*3'&:&(?*J"(.5(,5(.6)%5(35(:"$:&($.:&$(%)(.)%:(2&3G:(#*%3*)%*D
S((\*(.*#7)'()#"1)')*/(1G2&(C"1:$(9$:T"3"1*:"1U(F$3J"(.$JD(#$*(((,$25((3*%&,$((6&((95*$:)'((5'$(((*&?*%2(((2&(('$(
A"$9*::/((2)65(.&%:*%7$(6&(3$1&($(61*#*:J"/($:)%3*(.5(?:**(3J"(.5($*95("(9$195(6G%5J%(65#G%:(?*(6&.:&(%")5=&3*(?*(
?$6:&(2&($%*U(F*%(3G:&($%*($)=*:/($1$:5(2&T$(&$(1&=)':$:)'(0%31)3*?51**(2*%:1&(]1$%^&%.:&*%(?*
"(((#)#*&U
S((Y1&9)*&(((%&$651$:(((.5(((#5((($.3)':$7*/(((=9*$15(((%&15925:"1(c4"%U(((<&((($,&7*(((,"*(((3'&J$(((>$3&(((3)(((P-"7)'_W(
\(((>".:((()%((("(*%(0%41"=*:"1(((?*(((:"1:)1$(((>&#&*D
S((<&(#$*(65'5,154&?:*/(0'(0%:1&1)6&(%&1,".(A*3)7)'U(]**(?*(:)("(2$:5()%($2&,51$:(4&1#$%/(0%,$75(.5(61*,&?:*(
#"$1:&$(0%(>$7$U(c?:*()%)'(2*%(,&3B&$(3&$:5(+\[($(]**B1&1)')*(?*(61*%(Vdd()#9'$k
[(+\(S(#$*2,(2*$/.!KA/,$)'%&!S(F&:$?$#&%:(2&(+*4)1$%7$(S(61*#$(4$*2$($(')*(((-*:'&1((Tww"/"V"
O{{
1*"#$4)'((0%((#G%(G((6&((.:15=*/
<I
(bJ(c'*9&1$7*(((3)'"$1)'(((3G%2(((:1&3&((3"%2$#%$:)'((('$(((#"$1:&/(J(3)#(.6)%&$(35'5)'/(1G%T&?:&(C"1:$/(0%(:*#6(3&(
,*1&$=5(.61&
C$1bb(Tg(&(&$=)'(.5(,5(:1$%.>"1#$7*(0%(31*#*%$'*(2"$1(2&(21$4)'
#)1#)15(c4"%U(@')#&$#(3G%2(7*J$#(.6).(.5(%)(#$*($*
#&
JV"(((61&:&%7*&((('$(((9$%*U(((<&U(((7*J$*(((6*&12):(((.*#7)'((()#"1)')*W
Y1&9)*&(.5(#$*(4')#*#(?*(%"*(2*%(3G%2(0%(3G%2/(0%(,1&#)1*'&
$.:&$((41&'&D
b(\:)%3*(%J$*(2&3G:(.5(1G=*/(61"6)%&(C"1:$U(j-"B":&?:&(3)(%">:G(k(Y"3#$*(6&%:1)($.:$(%&(?*(2)3&#('$(+*&4&..5)'&/(
3$(.5(%&(2*.:15#(6)7*%U(c)(?*(A*3)7)'($#(,5=):(2&(#)':&("1*(3)#(.&(6"$:&(#)1*(1$6*2/(2$1(%J$#(0%:G'%*:(6&(%*#&%*(
3$1&(.5(6*3&(2*%(,G1>)'(+*&4&..GV)'&*U(<G%2,$(#*J$*(.6).(3GJ7*(2"1&?:*(>"$1:&(#)':(.5(0%,&7*(.5(6'):&?:*U(\3)#(:&(
,"#($T):$(.5J7*/(1&$'*=&=*(,*.)'U(K)()*:$(.5(0%:*%=*(;1$7&'&(0%('5:)1*(?*(.5('&(#*?:*($?$(3)#(0?*(#*?35(6&.351)?**(
$1*6*'&U(K"*(%)(>$3&#(2&3G:(.5(:&($T):5#(.5(6"1%&?:*U(2$1(07*(61"#*:(35(,$(>*()%(.:$1:(>515(3).)1D
S((Z$(>*("(61*,&'*?:&(&X:1$"12*%$15/(T)9*'&$=5(A*3)7)'U(F"$1(?$*=&3*(?*(?$6:&(2&(#&:1*(0%5'7*#&/(?*(,&*($:&1*=$(0%(
#*T'"3)'()%)*(4$="%((2&((:1$%2$>*1*D
S((`$*=&3*(?*(?$6:&(?*(T)#5:$:&/(0'(3"1&3:&$=5(C"1:$U(F$1(%)()*:$(.5(2$*(2*%(6*3*"$1&/(c4"%/(>**%235($':>&'($*(.5(3$=*(
3)(3$6)'(0%(T"./(?*(%)(31&2(35(.>&3'$($.:$(.&%.*9*'5($(>$($1(6):&$(.)6"1:$
$?$(3&,$D
YJ(F$/(0%:*%2&J:&($?$(3)#(.&(.6)%&('$(3&13)1*'&(2&(6'$%"1*.#U
0'(.>5:)*&?:&((A*3)7)'U(((]"'".&?:&((3)1&%7**((($.3&%2&%7*D
I%(=4"#"::(6):&1%*3(0*(3)1#5(,"19&'&U(C"1:$(&($1)%3$:(91).3(2*%(,&B*3)'(?*($:&1*=&$=5(2*1&3:(0%('$3U(!$7&'&(?*(
'&9&2&'&(.&(0%$'75(0%($&1/(>G'>G*%2(2*%($1*6*($4*:$:&U(A*3)7)'(.&(1".:"4"'&?:&(6&($.>$':/(2$1(.&(1*2*35(*#&2*$:U(@"%&?:&(
6&(*$195/(0%3&13G%2(.5(.3$6&(2*%(3$'&$($#>*9*&*/(3$1&(,*%&(B)1)*%2(?*(.>51G#G%2)J.3(0%()1#$(')*J/
F&$.)61$(,G1>)1*'"1(3"6$3*'"1(.&(1*2*35('*#9*(')%4*(2&(>'5351*/(*%(3'*6$(0%(3$1&(,&B*3)')'(*$(>"3U(C"1:$(*&.&('$(#$'/(
0%T)1G%2($:G:()&(:$1&(0%3G:($3"6&15(7*6&:&'&(2&(61":&.:($'&('&9&2&'"1(?*($'&
SJ(>&1#&'&(5'$(9'&.:&#$:/(153%&?:&(I%2&(.J$((2).W
$ )1 ` %&1,". 91$ &'&
$(i(Y[(/( ( 3$:(0%(:$X*)'(3$1&(%&J$(3*"3%*:/(&X6'*35(A*3)7)'U()%(B(1( V( ( ' J(0'(,5=).&#($3"'"/(3)#(%&(6G%2&$(3$(
C*:*(LL(V(<1&2&$#(3$($?:&$6:5()%(3'*&%:/(2$1($6"*(LJ$#(=51*:(6&
0!!'$((,"'$%l((&1$((0%.5((61&$((:G1=*)((.5((#$*((>$3((3&,$U(C"1:0000000000_)_(>&g(.&(6"$:&(.6)%&(35($?:&6:$()%(3'*&%:/(
#G1G*&
V(+<I14G%2)J?*(($6$((2*%((9"%&:5U(((I%((3'*&%:((#$*((.6&3*$'D
D)(
=
%&J$(:1$.(6&(.>"$15U
S((c)(31&2(35($($,):()%(3)1$T(%&9)%(.5('",&$.35(*%:&%7*"%(0%(#*T'"3)'(6$13)')*/("(#$?*%5(6$?%*35(2*%(\1#$:$(')*(
\2"0>*(.6)%&(((A*3)7)'(((>)1*".U(((C&((:"$:&((*%2*3$:"$1&'&((.31*&((35(,*:&(#$X*#5($2#*.5(&(2&(2")5=&3*(^*'"#&:1*('$(
"15/(?*(,*%&(6"13)'($*d(6*:*3(((3)((("(((.):5(((2&(((^*'"#&:1*((('$((("15D(((I%2&(((.J"1((>*((($.3)(_!9'&.:&#$7**(2&(6"'*7*?:*(
2&('$(3*13)'$7*&(:"3#$*(3G%2($*(%&,"*&(jT+(&*W((K)(((.)%:((%*3*"2$:5(($3"'"(()%2&((:1&9)*&D
S((\.:$((3B*$1((35(('&J%:1&3&((6&((:"$:&D((153%&?:&(+$''a/(3ä%3T($T)%4(0%$6"*('$(A*%*.:&1)'(2&(!5=9"*(?*J*(6",&.:&.3(
*%3*2&%:)'(3)(:$X*)'U(KJ$7*($)=*:(%*3*"2$:5(2&(2*%$#*:5W(F&(3&(%)(*J$7*(954$:(3G:&,$(0%((>)%2W(\3)#(&(3'$1()%(
')31)h(:1&9)*&(%&$651$:(.GJL("#"1$#(6&(?"9"'$%/(2$35(,1&7*(.5(15#G%&7*(0%(,*$75D(H$#&%**(')*(,5(3$):5(0%(#"2(
.*4)1(6&.:&(:":(3$(.5(,5(=9"$1&(31&*&1**D(`*(,"*(.:$7*((2&4&$9$/((3$((2")5((#G7&((,$4$9"$%2&(()2&('&"$135/(?*(,5(
).3$7*('$(1$2*$:"$1&'&(4),&1%)')*D(H>/($1(:1&9)*(.5UUU(.5UUU(.5UUU(.5
,5((.3)*6D
S((C",&.:&$($.:$(.&(,$(:&1#*%$(2)1(2&(:":/(#G1G*&(C"1:$/(3)("(((61*,*1&(((.>1&2&'*:"$1&/(((j0?*(((#$*(((.:"$13&((("(((2$:5(
#$%:$)$Uk(C)>$1&=)V("(,$(657*(15)(6&%:1)($.:$D(<G%2(%"*($#(B":51G:(.5(3$25J%(3$6(2&(6&(+*&4&..5)'&/(%)(.&(6"$:&(
.5(6'&3&(6)1(?*(.*#6')
0%:1J)%((:$X*D
S((K)(61*3&6(3)#(2&J$)(?:*):(3J"(')5#(61*%(6$13W(.&(0%:1&$95
A*3)7)'((3)(("((&X61&.*&((#*1$:5((6&((3B*6U
S((<&'&(2")5(6&(3$1&('&J$7*(0%3)*$:(0%(2)'$6/(0*(&X6'*35(+$''a/(>53G%2()%(4&.:($#6')(3)(91$7&'&(0%(.&#%(2&(2&=4).:/(
$)($)=*:(:":(3&J$7*(2*.3):$:(?*($)(0%7&'&.()%2&("(.5JL(2)3&7*U(K)(:1&9)*&(.5(>**(c*%.:&*%(3$(.5(61*3&6*()%(6'$%($?$(
?)91&2U(A$:&1*$(3&%)?*&(2*%(3$6)'(#$1&(3G:("(9$%*75($'(C*:*3)')*(.J$(6).(6)7*%(0%(>)%37*)%&(?*()1#$1&$("(3)%"$?:&7*(
>"$1:&(9*%&U(-$*2&7*/(1*2*3$7*J,5(>)%2)1*'&(2&($3"'"(?*(:&1#*%$7*("2$:5(3&&$(3&($7*(0%3&6):U(c4"%(,$(.:$('$(
P<)3),&$_/(((0%21)4G%2(((,&1=*(((?*((().3$:&U(((F)3&7*J,5((61*%((3)1:&/(*%:1$7*(6&(>&1&$.:1$(6*,%*7&*(?*(.)161*%2&7*JL(6&(
'$(.6$:&U(c(#$*()?"1($?$D(F&J$.:$(3"#*.$1**(')*(+:$'*%(0#6)?35("$#&%**(0%(3&$>5/($:)%3*((3G%2((:1&9)*&(('*3B*2$7*D
C"1:$(0?*(6)%&(K$4$%)'(.5)(61&>&1$:(0%(:"3)'(2&(.)9(91$7U/(0?*(,G15((0%((9)=)%$1((=&3&((0%35135:"$1&((6'*%&U
S(((<1&=*(((3J$1(((>*(((#$*(((9*%&(((.5(((')5#((("(((P6*$%*%5_(((3)(((%"*U(0%:1&$95(&'/(,G1G%2)J?*(CJdeJ)'(0%:1J)%($':(
9)=)%$1/(2&()%2&(*J$1(>*(((>"$1:&(()?"1(.5JL(.3"$:5(2$35($1(*%:&1,&%*((3&,$((%&61&,5=):U
S((K)/(.6)%&(+$''a(B":51G:U(Z5($>'$7*(0%(;&1'*%)'(3*,*'*=$:(`V("$#&%**((%)($33&6:5((*%2*,*=*(0%$1#$7*(3)(#*:1$'*&1&(
3$1&(.5(Lu
.6$145((4&$#)1*'&D
S(_+5(#&T4&#/(>$3&(C"1:$(0%31)%:$:U(F&(2$:$($.:$(%)(%&(#$*(3"#6'*35#/(0'('*3B*25#($?$(3)#(.&(61"3&2&$=5(3)(
B"7**(2&(3$*(2*%((Y&X$.D
O{O
:1V
0%
\,&7*(41*T5/(0*($,&1:*=&$=5(+$''a/(0%(#"#&%:)'(0%(3$1&(*&.(M!.6&1&U(C):&7*($,&$(.)161*=&U(y*%&7*(#*%:&(35(c4"%(%)J*(
)%(JV%(V(2*%(+3B'&.,,*4D(c(9&1'*%&=(0%(:"$:5(1&4)'$(?*(?:*&(&X$3:(3&(G%"T(g((gb(((6&%:1)(($((15#G%&((0%((,*$75D(ã(((%2(.&(
>)1*?&$=5(6&(>&1&$.:1$(6*,%*7&*/(A*3)7)'(.&(0%7&6&%&?:&(21)(?*(C"1:$(:1&9)*&(.5(>"'".&$.35("(1$%45(6&%:1)($JL(
&'*9&1$U(<I135(0%3&:((6&(((.351*((6G%5(('$((61*#)'((&:$T/(2&(()%2&((15=9$:(*(((C1*#&'&(2")5(3$#&1&(.)%:(4"$'&/(2$1(0%(
3&$(2&J$(:1&*$(&
U0E

;$.)1*/([(iJJJJJ
#)':5((')#&U0000000000000000000000000000000000000U((U
c4"%(.:5(0%(.6$:&'&()%)*(9*1")(*#&%./(3$1&JL(:$3&(.$(6$1$(?*('(1%T3(2&3G:(0%(1&$'*:$:&U(c(0#9153$:(0%(%&41)/(3)("(
35#$?5(2&J)%(($'9((("19*:"1/(((3$1&/(((2)65(((651&1&$(((')*/(((.&(((6":1*,&?:&(((2&(#*%)%&(3)(913>%=)'((.5)($1:*>*3*$'U(
\1&((*#61&.*$(35(91"%=)'(0*(3"%>&15()%)*(9519$:()%($&1U(,*4)1"./(0%(.:G%4$(?*J%(21&$6:$(')*/(i.:$)(2"*()1*$?*(2*%(
4$12$(6&1."%$'5/(3$1&(61*,&.3(3)($:&%7*&(0%(:"$:&((6517*'&/((0%((')#*%$(3B*"$15((.&((#$*(("9.&1,5(2")5((4"1*'&(65=*%2(
)?$(2&('$(*%:1$1&($(1&.:$)1$%:)')*U(+)%&:&'&(:"9&'"1(?*($'&(.$X">"$%&'"1(.&(($)2((2&((2&6$1:&U000000000000000000000U
S((I$)J)$)D('$:15(A*3)7)'($6'&3G%2)J.&(.61&(c4"%/($157*(3$(?*(3)#($*(>*(%*#&1*:(0%:1J)%(1"*(2&(,*&.6*/(2$1(6"$:&(35(
%J$*(>53):(:":)?*(((2&3G:((("(((#*35(((6'*#9$1&(((3)(((:$X*)'(((0%(((T)1)'(((@152*%**
m""'"4*3&D
S((\7*(((,1):(((.5(((#5((("#"1G7*/(((95*&7*D(((.6)%&(((c4"%(((3$'#/
$65.G%2((6&((>*&3$1&((,"195U
0*(.)>'5(A*3)7)')*(>)#(0%(>$75/(&X$3:(3$(0%(>*'#&'&($#&1*3$%&
3)(9$%2*7*U(A*3)7)'(1G2&(3)(6">:5U(+*#:&(35(:1&9)*&(.5(>$35($.:$
i(((3$((.5((3G?:*4&((()%(((154$=U00000000000000000000000000000000000000000000000000000000000000lV
0%(.3)1:(:*#6/(0%3&6(.5(.&(6&:1&$35($:G:&$(')31)1*(2&"2$:5/
0%3G:/(#$*(:G1=*)/(C"1:$(,$(.6)%&(35($(>".:($61"$6&(3$('$()%
3):1&#)1U(Y"$:5(9$%2$(.$1&(6&(&*U(I%$(2*%(4"1*'&(0'(6"3%&?:&(6&
A*3)7)'(6&.:&(>$75(3)("(.3G%2)15/($:G:(2&(6):&1%*3(0%3G:($3&$.:$
31$65((6&((#*T'"3U
lSUH#"1G7*J*D((((6"1)%3&?:&(((c4"%(((9)3)1"./((('",*%2)JL(((6&
A*3)7)'((3)(((6*3*"1)'U
b(<&*(2"*(B$*2$#$3*(2&('G%45()?5(0'(0%?>$35(6&(C"1:$(?*(0%3&$135(g<L(=21"9&$.35(7&$.:$U(C)#%**(7G?%&.3(>)'4&15:"1(
61*%($&1(?*JL(*=9&.3(0%(>$75U(+&(15.)3&?:&/(2$1(0%(352&1&($:*%4&(3&,$(V#"$'&U(I%$(2*%:1&(4+1*'&(.$1&(0%('5:)1*()1'G%2(
2&(2)1&1&/(3)(#G*%*'&(#:1&(6*3*"$1&U
A*3)7)'(.&(1".:"4"'&?:&(3$("(#*%4&/($6"*(.&(1*2*35/(0%?>$35()%(.>J(Ir%(pL_V((('",&?:&(((6&(((3&'(((#$*((($61"6*$:(
$41&."1U(((+3$)%)'(((.&
1$#5(?*((4"1T*$((3$2<T((3)(()%((4&$#$7((61&')%4U(6*3V('%g)1)V("#(2*%(4$12$(6&1."%$'$($(')*(c4"%(3$1&(#$*(&(0%("$1>w(.&(1&6&2&('$(
A*3)7)'/($4*:G%2()%(3*"#$4U(A*3)7)'(.&(.61&(&'(3)(3$6)'(0%$*%:&/(3)(:":($,G%:)'(3&'"1("(.):5
:1&*=&3*(2&(^*'"41$#&($'&(.$'&U(0*(1&6&2&()%(?):(0%(6*3*"1(ii(6159)?&.3($#G%2"*/($.&#&%&$(3"?)')*()%)*(,$6"1(3$1gV(
-(
615,5'&?:&(6&.:&(6)%:&U(<)()%(6)#%(9*%&(2*1&37*"%$'/(A*3)7(*[(.6$14&($41&."1)')*('$1*%4&'&U(3$(6&("(3"$T5(2&(")U(
\3&.:%(*VV(415#$25(6&(6"2&$(3)()%(153%&:($%*#$'*3U(<*"#$4)'(0*($')%(J2*%(#G%5U(
V<3$
C"1:$(**(0%?>$35(?*((.&(1&6&2&(3)("(6'"$*&(2&('",*:)1*(1Ä.)%($:$3$:"1*'"1U
0%2$:5/((-4"%((1&$'*=&$=5(41$,*:$:&$((.*:)$7*&*(?*/(>**%235(%)("#)'(3$1&(.&(.*#:&(*%('$14)'(')*(3G%2($.*.:5('$("(.3&%5(
,*"'&%75(*?*(*$(6$12&.*)'(.5)(%&41)/(9*%&(31"*:/(?*(*&.&(0%(>)45(2*%(3$#&1$V
S(((F)65(&'D((.:1*45(C"1:$/(6"3%*%2)JL(6&()%)'(2*%(B5%215'5*(3)(((3*"#$4)'(((0%(((3$6U(((3)((()%(((4&.:((($61"$6&(
61*&:&%&.3U
S(((A*((.&((1)6&(*%*#$/(.:1*45(A*3)7)'/($#&%*%7G%2)J*(6&(3&*(2*%(0%356&1&(3)(6*.:"')'U(F&(2$:$($.:$(,5(*&1:5#/(2$1(
3G%2,$(:":("(.5(,5(#*&1'*#(6&(:"7*U(0%(4&%&1$'/("#"1$#(%)#$*($:)%3*(3G%2(.)%:&#((2&((3"#)%(($3"12(35((&(
%&3&.$1((.J"((>$3&#U(((8$((6&1&:&D(AG*%*'&(.).(?*(6*3*"$1&'&(2&651:$:&D(C$'#&'&(#$*(.).D(+&(,&2&(35(%J$7*(>".:(
%*3*"2$:5('$(-$#9)14U(0*(3"%:1"'&$=5(3)(#G*%*(.*4)1&/(4"'*%2)J'3(9)=)%$1&'&(2&(3B&*U(9$%*U(7*451*/(6"1:">&'&(?*(
6*.:"$'&U(C"1:">&'&'&(?*('&(9$45(0%(61"61**'&(9)=)%$1&/(*$1(3&'&'$':&(')31)1*('&($1)%3/5(6&(>&1&$.:15U(E&.&(6&()?5(3)(
.6$:&'&/("(0%3)*&(.*(0#6*%4&()%(((.3$)%(((2&2&.)9:)'(((3'$%7&*U
C"1:$(:1&3&(0%(4"$%5(61*%(1&.:$)1$%:/(0#91G%3&?:&(0%(:1&3&1&()%(3B&'%&1(?*(*&.&(0%(.:1$25U(C"1%&?:&(6&(21)#/($6"*(.&(
"61&?:&U(+&(0%:"$13&(2&()%2&J$(,&%*:/(1&$'*=G%2(35(c4"%($1(>*(6):):(>)4*(0%(2*1&37*&("6).5U
A*3)7)'(.&(%56).:&?:&(6&(6"$1:5(3)(6*.:"')'(0%(#$%5(?*(61*,&?:&(3"%>)=(0%(T)1U
*%(((.6$:&'&(((')*(((.&(($)2&(()%((:1".%&:(((.&3U
S((y*J$15:((&)((7*&D(((=9*$15((\)4).:/(()%)'(2*%((#&#91**(4$1$*(6&1."%$'&(($(((')*(((c4"%U(((\((1&)?*:((.5((&,$2&=&((?*(
$3)#(3"%:*%)5()1#51*1&$U(((Y&(((>$3(((61$>D(((,"3*>&1&$=5(((&'U((($4*:G%2(((3*"#$4)'((6&(3$1&JL($1)%3$.&(C"1:$/(3$(.5(
2&#"%.:1&=&(35(,"19&?:&(.&1*"./(9(%(4'"%7(?)*&15(61*%(0%:)%&1*3U(H#)'(.&(15.)3&?:&/(.&(*=9&?:&(2&()?$(3$1&(3&2&$=5(
?*(3$2&(3)("(6'"$*&(2&(3*"9)1*(?*($?3B**(2&('&#%U(+&(3'$:*%5("(3'*65/($6"*(.&((61&'*%4&()?"1(6&U6"2&$/U3$()%(.$3(2&U(
415)%7&(((45)1*:U
S((]&1&?:&D(.:1*45($4*:$:(C"1:$/(.*#7*%2(3)#(.&(2&.61*%2&("(.*')&:5(0%:)%&3$:5(2*%(.6$:&'&()%"1('5=U*(2&(4)%"*/(3$1&(
0%21&$6:5(.61&(&'(3&,$(#$1&(?*(%&41)U(8$(')#*%$()%&*(.:15>)'4&151*U("9.&1}p(35(#G%$(3$1&(7*%&("9*&3:)'($#&%*%75:"1(
&.:&(#)12$15(2&(%"1"*J+&($1)%35(*%(.6$:&'&()%&*(.:*,&(2&(.$3*(2&(3$1:">*/()1#$:(*#&2*$:(2&(((A*3)7)'U(((H(((1$>$'5(
.:156)%4&(($&1)'((3)((()%((.31G?%&:(()3*4$?J@'"$%7&'&(((('&((((?)*&15((((6&((((2&$.)61$((((3$6&:&'"1/((((0?*((((61&45:&.3
-&(+*')&:$(0%:)%&3$:5(.J$(&,$6"1$:U(Y":)'(6$1&('*%*?:**U(H([_+:Ä:&(6&1*3)'"$.5U(+&(1*2*35($#G%2"*/(&)(41*T5/(0%(
6*3*"$1&U('*%*`7g(<_!21$3)VD(0%T)15(C"1:$U(K)(%&(*&.&(%*#*3(2*%(:":(3&
_3$#(.5(>$3&#D(<*%&(%$*9$(&1$(6"13)'(2&(%$=*.:(3$1&(?*J$(V%<&E_V.(.5(:1$45(0%(3$21&'&(\1#$:&*($'*$:&(0%(&X&13*7*)'(
>)%37*)%**VUV(C&1gb(jT)(%&6):*%75(.5(>*(>".:(c4"%/(0?*(25(A*3)7)'(3)(651&1&$U(s'J(.J$1(>1G%4&(0%(2")5(3'$35($1(:1$4&(3)(
)%(6)?3"3*(2&()%
#&%&$(3$'*91)D(((\1#&'&(($.:&$(((.)%:((%)#$*((6&%:1)(."'2$7*(.*
9519$7*(((B":51G7*D0000000000000000000000000000000000000000000000000000b00000000000UUU
H(""1%&.3(0%$*%:&/(#&14G%2(61&3$)7*(6&('G%45(6&1&7**(3$.&*U(A*3)7)'(&(4$:$(.5(2&$(3"'7)'(:"3#$*(*%(3'*6$(0%(3$1&("(
&X6'"=*&(0%>*"15:"$1&(2&.6*35($&1)'(%"67**U(F*%(3$)=$(&3")')*/(6&1&7**(3$.&'"1(2&V(6&(.:1$25J(,*91&$=5/(2$1(%*#&%*(
%)(1*2*35(%*3*(#53$1()%(3"'7(2&(6&12&$(6&%:1)($(,&2&$(3&(.&(0%:G#6'5U(]*&3$1&(9&1'*%&=/(?:*&(35("1*3&(3)1*"=*:$:&(*J
$1(6):&$(.3)1:$(3"%.*2&1$9*'(,*$7$U(F$35(3&'(3$1&(*&?*.&('$(,G%5:"$1&(%)(&1$(@&.:$6")'/($:)%3*(6):&$(>*(3&,$(?*(#$*(
6&1*3)'"./(0%("1*3&(3$=U(%)(&1$(*%2*3$:(.5(>**(#$1:"1)'($(3&&$(3&(.&(6&:1&3&U
<)(6*.:"$'&'&(61&45:*:&/(C"1:$(?*(A*3)7)'(.&(>)1*?&$=5(0%3&:(2&J$(')%4)'(.:15=**U(<&13&:&$=5(>*&3$1&(#$?*%5(6$13$:5/(
61*,*%2(0%(*%:&1*"1/(2&2&.)9:(?*J%(.6$:&'&(&*U(!*2*35(>*&3$1&(3$6$3($'('5=*'"1(2&(4)%"*U
A*3)7)'(2*.:*%4&(61*#)'(.)%&:)'(6$?*'"1(3$1&($'&$145(61*%(0%:)%&1*3U(E#&2*$:/(=51&.3("(.*')&:5(:1$,&1.G%2(.:1$2$(0%(
4"$%5U
S(UE$(:&()*:5D(&X3'$#5(>&1*3*:(C"1:$/($6)3G%2)J?*(K$4$%)'(3)($#9&'&(#G*%*(?*(7*%G%3')JL(0%(>$7$(.$/(61&3)#(
6"'*7*?:**(2*%(K&R(Ö"1^U(Y1*#*:&/()%$(2)65($':$/(3*%3*(0#6)?35:)1*(*$()%(*%:&1,$'($:G:(2&(.3)1:/(0%3G:(6$1&(.5(>*(:1$.("(
.*%4)15(2$:5U(K*3*()%(4'"%7(%)J?*($:*%4&(7*%:$/(3&&$(3&JL(%&2)#&1&?:&/(>**%235(3&*(2*%(6"'*7*$(%&Ra"1^&=5(%*#&1&.3(
0%:":2&$)%$(>515(41&?U
b(S(<)()%(($):"#$:($?(>*((1&)?*:D(((.&(0%>)1*&(3*U(C"13)'(5'$($(.356$:((:$15(((%*3*((("(((=4G1*&:)15U(((\?:&$6:5(((?*J$*(((.5(
,&=*(((:)UUU
;5*$:)'($(>53):(6&(&'(2&(>1*35/(=G#9&?:&(A*3)7)'(2*.61&7)*:"1U(])4&(3$()%(*&6)1&(B517)*:(2&(,)'6&D(\'&$145(2&(3":"J
3"'"(à*(%)($T)%4&(%*35*&1*/(0'(25#(4$:$D(H(.5JL(45)1*#(T#&2*$:D(F$35(0*(*&*(6&(:"7*('$(1G%2/(6"7*('*3B*2$("($1#$:5(
#:1&$45(:$15(.5(:&($'&4*(3)(%*3*("(=4G1*&:)15U
&3 :) &
V( (C (:1":)$1)'(3&'5'$':/("12"%5(C"1:$/(&)("(.5(#&14(6&($*3*/(<()#(0'(=51*#(6&(#$*#)7"*/(**($=,G1'*#(3)(:":)'($>$15(
2
V%(((;&1'*%D00000000U-EU
L<L
,T%r((((( ((;5*$:)'(5'$(?*(%*3*($':3*%&,$(%)(.)%:(0%(.:$1&(.5J1%*(gU(((((#*&((2&(((B$3/((3B*$1((2$35((($1((0%3&13$((3)(
2*%$#*:5/((.6)%&(21$tI((((V(2&=,&'*%2)J.*(2*%7**(0%:1J)%(1G%T&:(.3B*#"%".*:U(C&(:"7*(<LLw(("(((.5J*(((2$)(((&)(((654G%)')*(
&X$3:(((3&&$(((3&(((#&1*:5D
D)+
O{v
C"1:$("3"'&?:&/($.&#&%&$()%)*(9)'2"=&1/(.:$:)*$(.>51G#$:V(2*%(]15%^&%.:1$..&(?*(%*#&1&?:&(2*1&3:(0%(91$7&'&(
6*.:"'$1)'Dq(0%$1#$:(3)("(6)?35J#*:1$'*&15D(K)(.&(?:*&(3$1&(2*%:1&(&*($()1'$:(3&'(#$*(:$1&U(y*65:)'(0'($:&%7*"%&$=5(6&(
A*3)7)'/(3$1&(:1$,&1.&$=5(.:1$2$(0%(4"$%5/(>515(%*3*(9(&=*:$1&U(@&$#)1*'&(#$4$=*%&'"1(.*(6$%")1*'&(3)($>*?&(2*%(>$7$(
3*%&#$:"41$>)')*(2*.6$1(0%:1J"(6'"$*&(2&(3*"9)1*(?*($?3B**U
S((+'$,5(F"#%)')*(35($#($%:1&%$#&%:(2*%(!).*$/(#"1#5*&(A*3)7)'/((($1)%3G%2)J.&(((6&(((9)1:5(((0%(((#"3*1'5U
C*.:"'$1)'($'&$145(6&("($'&&(T%4).:5U(0%(.6$:&'&(')*/(C"1:$(0?*(7*%&(K$4$%)'(0%21&6:$:(0%$*%:&/(0%(>)45/(.6$14&(
4&$#)1*'&(3$.&'"1(?*(,*:1*%&'&(#$4$=*%&'"1l(2*%(3G%2(0%(3G%2/(.$1&(0%(75%251*(?*(3G:&()%(6$191*=($'()%&*(#$?*%*U
8$(3$65:)'('*%*&*(2&(:1$#,$*U(C"1:$(.&("61&?:&(4G>G*%2/(6&%:1)($J*('5.$(:*#6(A*3)7)')*(.5JL($T)%45(2*%()1#5U(\3&.:$(
.&($61"6*&(*%(,*:&=5(?*(3*=#&'&(.$'&(7*%:)*:&(.3":(.3G%:&*(0%(3'*6$(0%(3$1&($:*%4($.>$':)'U
Si(E.).&D(3B*)*&(&'(*%3*:$:(3G%2(.&("61&?:&('G%45(C"1:$U(<*,*')'(5'$(0#6)7*:(6$135($,&$(:&1&9&%:*%5(0%(3)1D(<1&=*(35(
$#(1&)?*:(.5JL($:*%4&#W(<G%2(LJ$1%(=51*:(0%(;&''&,)&.:1$..&/(0*(3)14&$(.G%4&(0%(%"1"*U
S((F$/(?*(&)($#(*#61&.*$(35(LJ$#(%*#&1*:/(.6)%&(C"1:$/(3:*()%((('*351((0%((("3B*/(((3&13&:G%2(((.:1$2$(((2&((('$((()%(
3$65:((('$((($':)'U
I?*'&(3$.&'"1(.&(2&.3B*2(0%3&:l("$#&%**(61*,&.3($>$15(3)(:&$#5U(J
F*%.61&(8*%^.:1$..&(.&($)2&/(2*%(3&(0%(3&(#$*(:$1&/(.)%&:)'()%&*(J.*1&%&(2&(6"'*7*&U(+61&(="%$(0%(3$1&($)(0%3&6):(
61*#&'&(0#6)?35:)1*/(.&(0%21&$6:5(1$6*2(')#*%*(6):&1%*3&U
S((!$'*$7**(5?:*$(2&('$(+3B)6"(%)(,*%(%*3*"2$:5('$(:*#6(3G%2($*(%&,"*&(2&(&*/(9"#95%&(C"1:$/(1&0%3513G%2)J?*(
K$4$%)'U(]*&(3$(F)#%&=&)D(4&1#$%(.5('&(31&.:&=&(>)%2)1*'&(3)()%(3)7*:(2&('&#%D
S((8J$*(1&3)%"$?:&(6&(3&'(3$1&($(:1$.(0%(%"*W(.&(*%:&1&.&$=5(A*3)7)'U(c1$*($:G:(2&($61"$6&(2&(&'/(0%3G:($*(>*(6):):(
.5J*($:*%4*(?*(B&#"1"*=**D(<B*$1(?*("(#).35/(3)("3B**(&*(#*3*U(*J$1(>*(2*.:*%.(:15.5:)1*'&D
S((c((()%(((:*6(((6"1&3'*:(((<1&#5(((?*(((<56?)%*/(((15.6)%2&(((C"1:$(4G%2*:"1/(.)>'G%2(0%(7&$,$(K$4$%)')*(?*(
0%3513G%2)JL(3)(4'"$%7&(2)#J2)#/((31&.:$:&(('$((,G1>U(((F)65(((3&J"((.5JL((('*3B*25#/(((*((.&(,$(.6)%&(((Y&13*(((2&(
]1$4*U
S(((F&((3&((&((6"1&3'*:((<1&#5((?*(((<56?)%*W(0%:1&$95(A*3)7)'J
S((\1&(651)'(1"?)(?*(>$7$($'95U(\1$:5(3$(?*(3)#($1(>*(35=)0T%(>$*%5U((c(?*((3$#(61".:/(6&(2&$.)61$D((.6)%&(C"1:$/(
0%:1J$2&,51U(6"1&3'$(((*(((.&(((6":1*,&?:&(((2&(((#*%)%&D
S((c((3$#(7*3%*:/(1&>'&3:&$=5(A*3)7)'/(0%:*%=G%2)J?*(4G:)'(.Vå(61*,&$.35(2&J$(')%4)'(.:15=**U(+5($'&14*(6&(21)#)1*'&(
6)9'*3&(?*(.$
i(3$()%(2&#&%:(0%("$#&%**(3$1&J7*(*&.(0%(3$'&D(K)(:1&9)*&(.5(:1$4'(4&%*)(3$(.5J7*(2$*(.&$#$(35($1&(1$B$:(0%:1&()1&3B*/(
*$1(_V3*&1)'(0*(&.:&(0%2&.$:(0%(95.5%5)*
C"1:$(0?*(1*2*35(0%4G%2)1$:(9"1*&:$(?*(.&(.3$16*%5(0%(3$6(3)(1$:$1&$(6*.:"')')*U
bb(TbT$*(V.5(*&?*#(0%(f"&.:&1.:1$..&U(F$35(%)(#5J%?&'/(31&2(35
J%21&$6:5(.61&(2"3)1*(3$(.5J?J*(45.&$.35("($.3)%=5:"$1&(61*%:1&
<)#($T)%4(0%(-$>&%6'$:=/("(6'"$*&(2&(4'"$%7&(.&($9$:&($.)61$('"1l(0#6)?35:)1*'&(,*%(2*%(3&'5'$':(3$65:($'(.:15=**/(
=4G1**%2(6&1&7**U(8&(3$2&(0%(3$6(3*#&%:(?*(61$>(2&(#"1:$1U
CJdeJ)'(A*3)7)')*(9)9)*&/(.#)'4G%2("(3515#*25(2*%:1J)%(6&1&:&(?*(.6514G%2()%(4&$#U(<*"9)1*'&(3$2(0%(*%:&1*"1(?*J
*(15%&.3(6&(3&*(2*%(0%356&1&U
S((E&?*(((2&J$3"'"/(((356?)%5(((0#6)7*:5(((3&(((&?:*D(((=9*$15(((C"1:$(0%%&9)%*:((2&((>)1*&U((Y1$4&((3G:&,$((>"3)1*(($:G:(
2&((1&6&2&/(0%3G:(K$4$%)'((2*%((#G%$(((.$(((6$1&(("((6)?35J#*:1$'*&15U
S((!*2*35J7*(((6)7*%(((3$6)'/(((3$\.G(((:&(((6):&#((("3B*D(((153%&?:&(A*3)7)'/(($1=G%2(((2&(((%&1592$1&/(((0?*(((1&0%3$135(
CJdeJ)'U
F*%(%&>&1*3*1&(6&%:1)(&'/(6*.:"'$1)'(0?*(6*&12&(3)#65:)'U(â(*$('$(4"$%5(61*%(6*$75/(.&(3$7515(6&()%(4$12(0%$':(?*(3$2&(
6&(6$1:&$(3&$'$':5/(0%(%*?:&('5=*(3)V4)%"*l(.&($)2&()%(=4"#":(*%>&1%$'/(2&(6$135(3*%&,$(:1$4&(3)()%(CJde(0%(%*?:&(
"9*&3:&(2&(6"17&'$%U
S((<56?)%$($*$($315($(657*:J"(.*4)1(2&(2$:$($.:$/(T)9*'&$=5(A*3)7)'U(+$1&(6&.:&(4$12(3$()%($:'&:('$(p"3)1*'&(
H'*#6*3&(?*(.&(6159)?&?:&(((0%:1J)%$(((2*%((('5=*'&(((3)(((4)%"*U(((AG1G*%2(((>)1*"./((0?*(.3"$:&(((3$6)'((((6&.:&(
#$14*%&$(((('5=**/(((3G%2/((('$(((3G7*,$((((#&:1*(2&651:$1&/(0'(=51&?:&(6&(P<56?)%5_(3$1&(.:5(6&()%(.$3(2&(3&$65(?*J?*(
*=9&?:&(2&(="1($):"#$:)'UJ0%35135:"1)'(&(9'"3$:(?*(%)(6"$:&(954$((3$1:)?(((6&(((7&$,$U
E.).&(-1*.:"$.&D(&X3'$#5(&'(2*.6&1$:/($1)%3G%2)J?*(3G:(3"'"(#*:1$'*&1$(+:&%[U(\3)#(0%.5(>)%37*"%&$=5(?*(0%:1&4)'(
0%35135:"1(.&(4"'&?:&(U2*%:1J"(1$>$'5U(@'"$%7&'&(3*)1)*&.3($3"6&1*?)1*'&(3$.&'"1U
C"1:$(((0?*(((0%$'75(((61&3$):(((3$6)'(((6&.:&((4$12U(((H9.&1,5(((:":)'
0%:1J"(.*%4)15(61*,*1&U(+$1&(6&(3&$'$':5(6$1:&(?*(:1$4&/(0%$*%:&(2&
J($:V%+&g65#G%:)'/(3)(6*3*"$1&'&U(@'"$%7&'&(?)*&15(?*(1*3"?&$=5(0%
\(((((((_g56?)%&*_/(3$1&(.&($1)%35(('$((65#G%:/(()1'G%2((:&1"1*=$:U
>:
1&(((.&%=$7*$((35((($(((#)1*:(((2&T$U
$#((((((((p(((._$(((:&1#*%$:U(((C"1:$(((?*(((A*3)7)'(((.&((($>'5((('G%45(((&'/($#&%*%7$%2)JE(((3)(((6*.:"$'&'&U
$ 6%%
.((((_(U C`_%5_(((0%3B*2&((("3B**((?*(($?:&$6:5((.5((>*&(0#6)?3$:U((+61&(b( 2&1&$(')*/(%)(.&(0%:G#6'5($9."'):(%*#*3U(
F$35($1(>*(>".:(0%
U0RQ63000:
$1#5((($):"#$:5(((2&(((>$91*3$7*&(((&%4'&=5(((T%"!/"V"
D)9
O{n
'"3)'('"1U(*J$1(>*(0#6)?3$:(2&#)':U(`:*&(2*%(61"61*&(&X6&1*&%:_(&(((#$*(((.*4)1((.5U(((61"3&2&=*(($.:>&'U(
<$

S(((\.:$(&(:":(3&J$*(>".:(0%(.:$1&(.5(%&($157*W(0%:1&$95(C"1:$()%((((:"%((((2&=$#54*:/(((('",*%2)JD((((3)((((6*3*"1)'U(
-$*/((((1*2*35(:[(UU<56?)%5_(,&12&(3&(&?:*(?*(.6)%&J%&()%2&(.J$)($.3)%.(c$"%(<V(C*:*3)'D(K)(0%3&13$(.J"(>$3*(6&(
61".:)'U(KJ"(.5(%&('5.5#(2}*.*(2w(%$.((2&(("((6"$#5((.:1*3$:5((3$((:*%&U(((F$35J7*((2&.3B*=*((4)1$((_!0#6)7*:5(.5J*(
$,&1:*=&=*/("(.5J7*(0#615?:*&#(31&*&1**(6&(=*2)1*'&(2&('$(A"$9*::D(`*(3G%2(07*(,"#(2$(21)#)'/($*(41*T5(.5(:&J%21&67*(
.61&(."$1&J$6)%&U((4-%$0-$*;$Q
S(((F&(((3&(((.5(((%)J*(((>$3&#(((>&')'(((2)65(((3&(((%&(((3"%2)3&((('$($.3)%=5:"$1&$(((')*(((c4"%((?*((($((C*:*3)')*W(
0%:1&$95((:1*.:(A*3)7)'
S((c?:*(4&%)'(2&(:*6($>&#&*$:(3$1&(.&(25(0%(,G%:(2)65(#)*&1*(3)(((3*=#&(((2&(((35'51*&/(((%)W(((0%:1&$95(((C"1:$/(
0#6)%4G%2)JL(((6:(P<56?)%5_(((3)(((7&$,$(((6*.:"')')*(((0%((3"$.:&/(((6&%:1)(($J*(((.:*#)'$($3:*,*:$:&$(((3&1&91$'5U(
P<56?)%5_(((#*?35(((2*%(((3$6(((3$((("((("$*&U(.:&140%2)J?*(#*=&1*$(2&(6&(y$75U(A*3)7)'(15.:)1%$.&(6&.:&(&'(+$2$(3)(
4)%"*U
S(((F$35(%)(>$3*(:":(3&(,1&#(%"*(?*(%)(%&(.6)*($2&,51)'(S(3B*15*&(,&.&'(C"1:$/($#3%*%7G%2)JL(3)(2&4&:)'(S(%J$*(
.5(#$*($*("3$=*$U(.5(((,&=*(((,1&"2$:5((("(((6&1&3B&(((2&(((3*=#&(((2&(((35'51*&((0%(6*3*"$1&'&(,1&)%&*(>&#&*U(I':*#$(
6&1&3B&(2&(0%35'75#*%:&(6&(3$1&("((,&*(($,&$(((,$((>*((>53):5(2*%((9&:"%)'(6&(V3$1&(7*JL(,"#(('*6*(2&(6*3*"$1&/(0%$*%:&(
.5(:&($1)%35#(2&(6&()%)'(2*%(6"2)1*'&(2&(6&.:&(+61&&U(`*($3)#/()%2&JL(45.*#(6&(c4"%(?*(6&(6&?:&'&(5'$(3$1&(>$3&(
3"#&17(((3)(((:G1>&W
P<56?)%5_(.&()*:5(0%41"=*:(0%(T)1)'(.5)U(3$()%("#(3$1&(&(4$:$(.5(.&(0%&3&(?*(3$):5(0%%&9)%*:(751#)'U(K)(0%:1&=51&?:&(
%*3*("(.356$1&(?*U(3"%.*2&15(35($1(>*(#$*(0%7&'&6:(.5J*(2&.:5*%)*&(')*(C"1:$($2&,51)'(?*/($6"*/(.5(.6&1&(3$(c4"%(.5(>*&(
0#6)?3$:(0%$*%:&(2&($(2&.3"6&1*(3*%&(LJ$(:)1%$:U(E%.6*15($2G%3(2&(3G:&,$("1*(?T(.&(.:152)*&?:&(.5J?*(0%:*651&$.35(6&(
3B*6("(&X61&.*&(2&("#(3*%.:*:U
S((c4"%(((?*(((C*:*3)'(((.)%:((('$(((0%41*T*:"1)'(((5'$(((%&9)%(((2&((('$(@152*%$(m""'"4*35(?*($?:&$6:5(.5(>*7*(0#6)?3$7*D(
?"6:&?:&(&'(6&()%(:"%(((3"%.6*1$:*,/(((61*,*%2(((.6&1*$:((0%(((:"$:&/((2*1&37**'&U
S(((Z"19&?:*((3)#,$((2&((%&9)%)'(3$1&(3)#6515((:":(:&')'(2&($%*#$'&(((#"$1:&(((?*((($6"*((('&(((0#65*$=5W(((0'(
*.3"2&?:&(((C"1:$(((*%(3"%:*%)$1&/(:154G%2)J*(3G:&,$(6$'#&(3$(.5J*('*#6&=&$.35(#*%:&$U
S((F$/(((2$D(((15.6)%2&((P<56?)%5_U(((!5#G*((0%31&#&%*:((3G%2(*%:1*(61*#$("$15('$(&'U(8&J$()#6'):(3)(#&3$%*.#&(
2&(3&$."1%*3(`*($3)#((()1'5(((?*(((.&(((#*?35/(((3$(((.*((3)#(($1((>*(((,**D
S(((c4"%(?*(C*:*3)'(,"1(15#G%&(?"3$7*(3G%2(,"1(2$("3*%*(3)(%"*/(((1G%T&?:&(((0%3G%:$:(((A*3)7)'U
S((+5((#$*((.:$*($*3*(("(T)#5:$:&(2&("15(2)65(3&(6'&35#D(*7($,&1:*=&$=5(C"1:$/(0%(:*#6(3&(.$1(4$12)'U(F$35(%)/("(.5(
:&($'&4L
-/$:(3)(()%(4'"%7((0%(7&$.:5D(Vâ((((>)1*?&$=5(61*%((4152*%5((6$%5('$((3$.$((0%41*T*:"1)')*U
1u_%2($T)%4('$()?5/(.)%:()=*('&"$135/(6&%:1)(35($)(35=):
%*.3*%5(0%(3$1&(0%41*T*:"1)'(.6$'5($%*#$'&'&(#"$1:&/(0%$*%:&
0%:1
_t'&(0#6G*$U(0*(0%:G#6*%5("(#&%$T&15("9&=5(3$1&(0%:1&2&.3B*2&
2& O
( (2$1(%)(.3"$:&(('$%7)'((2&((.*4)1$%75U
)?
(b(4)%G(=*)$/(2"$#%5/(0%3&6&(C"1:$/(=G#9*%2)J*(?*(.$'):G%2
]&#&*$(0?*(0%31&7&?:&(>1)%:&$/(61*,*%2(3)(.).6*3*)%&(.61&("*.:"$'&'&(6&(3$1&('&($)U0%(#G%5U
<
!!!bb(<&(((2"1*7*(((2)#%&$,"$.:15W(((0%:1&$95(((&$(((3)((()%(((4'$.
61).$3_/(0%41*T*:"1)'J?&>(&(0%:1J"(3"%>&1*%75(?*(%)(,1&$(.5(>*&
2&1$%T$:U0000000000000000000000000000000000000000U000000000000U(U(b((((((((U
bb(+)%:(((>1$:&'&(((')*l((($#(((,&%*:((*%(((,*=*:$/(((#*%:&(((C"1:$(((3)
%&1)?*%$1&U00000000000000000000000000000000000000000000000000000000000000000000000
A

S((]1$:&'&(')*W(0%:1&$95(&$(3)("(&,*2&%:$(1&:*3&%7$U(KJ$#(?:*):(35(0%41*T*:"1)'J?&>($1&(()%((>1$:&U((Z5((%)#*7*g(:":(
Y$):W
S((0%(4&%&1$'/(>1$7**(6"$1:5($3&'$?*(%)#&/(.)1G2&(61*&:&%".
C"1:$U
J(b(F5J:&('$("(6$1:&D(1$4&(A*3)7)'/(6*&1=G%2)J?*(91).3(1592$1&$U(jC1"6:&?:&(7&$,$(6*.:"')')*(0%(4G:)'(>&#&**Uk(+$)(
6"$:&(,1&*("(6$.:*'5(2&(6')#9(3$1&(.5J7*(45)1&$.35(.:"#$3)'W
e(!H>/(F"$#%&/(%)D(9"'9"1".&?:&(&$/($3"6&1*%2)J?*(>$7$(3)(#G*%*'&U
S((+3"$:&(('$%7)'(2&(('$(()?5(?*(7*%&J7*(4)1$D(((KJ"((.5(7*((.&(0%:G#6'&(%*#*3/(.6)%&(C"1:$U(K)(,1&#(.5J*(>$3&#(%*3*(
)%(15)()%&*(2"$#%&($:G:(2&(2154)7&(3$(:*%&l($1(>*(1&41&:$9*'(?*('&J$1(61","3$(3&'"1(2&(('$((\.*4)151*("((415#$25(2&(
%&3$=)1*U
<)(#G*a*(:1&#)1G%2&/(#&%$T&1$(.3"$:&('$%7)'(?*(.&(0%2&651:&$=5(2*%(3$21)'()?**U
S((c(#)':(#$*(9*%&($?$/(1G%T&?:&(A*3)7)'U(H(0#6*%4&(0%(9$*&(?*(0%3)*&()?$U
0%3&6(.5()#9'&(61*%(3$.$(0%41*T*:"1)')*J?&>(3)($4*'*:$:&$()%"1(>&'*%&(3$1&J?*()1#51&.3(61$2$U
A*3)7)'(&(0%(6'*%5(31*=5(2&(%&1,*(?*(.&(#$%*>&.:5(,*"'&%:U(\1(>*(#(.:$1&(.5(:1&$35(?*(61*%(=*2)'(2&(9&:"%/(%)#$*(.5J*(
61*%25(#$*(1&6&2&(6&(c4"%(?*(6&(C*:*3U(<$):5(6&(.)9(:"$:&(3$%$6&'&'&(?*(61*%(2)'$6)1*U(A*3)7)'(2&.3B*2&(3B*$1(?*(
>&1&.:1&'&(3$(.5(.&()*:&(0%(4152*%5U
E*(2&.3"6&15('$(61*#)'(&:$T/(0#61&)%5(3)(0%41*T*:"1)'(%&9)%(?*(3)(2")5(61".:*:)$:&U(]&#&*'&(.:$)(>*&3$1&(6&(3G:&("(
3$%$6&$(?*(/$3(%Và:&(')31)1*(3$1&(LJ$1(2&:&1#*%$(6&("1*3&(3&%="1(2&(>*'#(.5('&`#&(*#&2*$:U
C*:*3)'(7*%&(0%(#G%5()%(6*.:"'/($61"$6&('$(>&'(2&(#$1&(3$(?*(&'U
O{e
O{M
S((+:$7*(35(:1$4D(31"%35%&/($4*:G%2(6*.:"')'(2&(3"'"J3"*{(6$135($1((4"%*(45*%*'&((2*%:1J)%((.:1$:(2&g(-"1*U(
V(_&
S((H(.5(>$3*(6&(:*%&/(1G2&(A*3)7)'/(j0'(0%?>$35(2&(6*&6:(iV(1*2*35(0%:1J"(.*%4)15(#G%5Uk(0%:1&(%"*(>*&(,"19$/(.J$1(
6):&$(.6%(35((7*J$*(((61*%.((9"$?&'&(V0%:1J"((3)1.5((2&((?"$1&3*U000000000000000000000%&
>&1#U
\1)%35JL(((6&((>&1&$.:15((3)((3$6)'(0%$*%:&D((("12"%5((63
$1:$
J(((((S(<G:(2&((2&6$1:&((.5JL(($1)%3W(0%:1&$95(A*3)7)'/(.6514G%2(4&$#)'(3)(3$6)'(C*:*3)')*U((<*"9)1*'&(2&(.:*3'5(.&(
0#615?:*&(3*#&%:)'((2&((2&2&.)9:U
S((<G:(2&(2&6$1:&(6"7*/(2$1(>5(0%($?$(>&'(0%3G:(.5(3$25(6&({(6*$:15(#$1&(?*($.3)7*:5/(#G1G*&(C"1:$U(A*3)7)'(0'(1*2*35(
6&(C*:T3(2&$.)61$(3$6)')*((?*((.&((25(()%((6$.(0%$6"*((3$((.5J?*(*$($,G%:
YG1>&'&(0%3&6((.5((.3G%3&$.35U
S((\2*"/(#52)'$1(2&(6*4#&)(3&(&?:*D(((#)4&?:&(A*3)7)'(?*J($=,G1'&V6&((>&1&$.:15U
C*:*3)'(3$2&(0%(4152*%5(3)(1$#$(>&1&.:1&*(3)(:":U(+&(6159)?&?:&(3)()%(9)9)*:($.)1=*:"1/(2$1(%*3*(,"195(.5(#"$15U(
F*#6":1*,5/(7G?%&?:&(3$("(.54&$:5(61*%:1&(:)>&(?*(2*.6$1&(0%:1J"(3'*65/(2)65(3&(:$3&/(>515(.5(,1&$/("(9$*&(0%(6*.3*%$(
0%(3$1&(0%41*T*:"1)'(.6$'5($%*#$'&'&(#"$1:&U
S((`*J$3)#/((7*J$((,&%*:(?*((7*&((1G%2)'/((153%&?:&(C"1:$U(<)("(#*?3$1&(((.*4)15/(((.:1&3"$15((()%((('$7(((0%((T)1)'(
4G:)')*(((')*(((c4"%U
]$:$(0#9153$:5(0%(1"3B*&(%&$415(:1&3&('$($:$3U(+$1&(0%(.6*%$1&$(')*(C"1:$(?*J*(0%>*4&(2*%7**(0%()1&3B&U(<)()%(7*65:(
.3)1:/($3&.:$(0*(25(21)#)'(')*(c4"%U
C)>$1&=)V(:"3#$*(*&.&(6&()?5/(0%(3'*6$(0%(3$1&(A*3)7)'(0'(0%?>$35U(+&(1".:"4"'&.3(.:1G%.(0%'5%7)*7*(6&(.351*/(3)()%(
=4"#":(*%>&1%$'U(+&(*=9&.3(2&()%()1$%4):$%(0#65*$:/($'(351)*(#&3$%*.#(.&(6)%&(0%(>)%37*)%&U(\3&.:$(0?*(2&.3B*2&(
4)1$(*#&%.5(?*(1"?*&(?*(0?*(#*?35(91$7&'&(0%:1J"(6$1:&(?*J%($':$UU
A*3)7)')*(%)J*(,*%&(.5J?*(31&$25("3B*'"1U(;GT9G*&(0%(35):$1&$(6*.:"')')*/(7*65(0%41"=*:/(.$1&(0%(.).(3$("(6*.*35(6).5(
6&(T51$:&3/($6"*(.$1&(6&(>&1&$.:15(?*(>)4&(0#6'&:*3*%2)J.&(61*%(3G:&,$(95':"$3&/(0#615?:**%2(0%(T)1($65(?*(%"1"*U(
Y1&3&(2*%(%")(61*%(6*.3*%$(0%41*T*:"1)')*/(>515(.5J?*(2&$(.&$#$U
c4"%(=$3&(3)(>$7$(0%(T".l(.&(15.)3&?:&(3)(41&)(.5(,$25()%2&($(2*.651):(A*3)7)'U(F$1(0%('"3(.5JL(2&.3"6&1&(6&(
A*3)7)'/("9.&1,$()%(#"%.:1)(651".(3$1&(.&($61"6*&(2&(&'/(0%3'*%G%2)J.&(0%:1J"(6$1:&(?*(0%($':$l(2*%(4)1$(1"?*&/('$14J
2&.3B*.5/(*(.&(=51&.3(3"'7_(*#&%?*/(4$'9&%*U(!$4&(0%>1*3"?5:"1U(c4"%/(3$1&(.J$(1*2*3$:(6&(T)#5:$:&(3)(*%:&%7*$(2&($(
>)4*/(.&(6159)?&?:&(2*%(%")/('&?*%$:U(E(`V(1&,*%&(0%.5(*#&2*$:/(0%(#"#&%:)'(0%(3$1&(#"%.:1)'(3)(9'$%$(6"1:"3$'*&(?*(
3)("3B*(.:15')3*:"1*(.&(615,5'&?:&(6&.:&(&'U(0%3&$135(.5(.3$6&/(2$1(6$1$'*=&$=5(2*%(3$6(6G%5J%(6*3*"$1&(3G%2(3"'7_
J(0*($:*%4("91$=)'U(I1'5(2&(2")5("1*l(3&'(2&J$'(2"*'&$()1'&:($3&.:)*$g(((g%3T((.T#:&((35((*J$((*%:1$:((3$6)'(0%((4)1$(
2&.3B*.5(($(V(((Ä1$t((((((c()':*#)'(')31)(6&(3$1&JL(#$*(.*#:&(0%(,*$7$(.$(.3)1:5(E%*#$((0*((3&2&$=5((3"#6'&:(?*((.&(
.)>"35((0%((3G:&,$

TH0,9
T Vz(.:1*45(C"1:$/(.3):)1G%2)J.&(3$(.J"($1)%3&(2*%(i($1&(6&(>$:$(0#9153$:5(0%(%&41)U(\1(>*(9*%&(.J"(?:&14&#(2&J$*3*(
3 1$3)
+
CV((((((T(1&6&2&U(+)%:(3"%,*%.(35(7515%"**(3$1&J$)(,&%*:('$("1$?(.5(V2*.:1&=&(.J$)(?*(0#9)'=*:(6&(V.:1$25(.5(,$25(
.6&3:$3"')'U(\)(*:(3$(0%(3$.5($1&('"3("(P.3&%5(9&1'*%&=5_U(<&*(2&(*$(+3B)6"(1(TJT($T3*(0%:1J"(3'*65((?*U((2*%(3G:&(?:*)/(
95*&7**(5?:*$(>"'".&.3
_(((b(H1((.5((%&J#6)?:&W((0%:1&$95((0%((3"1(3&'&((2")5((>&#&*U
b(C)%&#((6$1*)((35((2$/((15.6)%2&((C"1:$U
8&(0%?>$35(?*('&(:1$4&(2)65(&'(6G%5(0%(.:1$25/()%2&(1&)?&.3(.5(.&($#&.:&3&(61*%:1&(.6&3:$:"1**(3$1&($?:&$6:5(3)1*"?*(
)1#$1&$U(C$13J$)($:&1*=$:($*3*(2*1&3:(2*%(+*'&=*$(.$)(Q&.::$'*$U
S((A$*35/(#5*3)'*75D(7*65(C"1:$/(*%.6*1G%2($2G%3/(0%(,1&#&(3&(.$2&(0%(9*1")'(')*(+$''a/(3&,$(#$*(:G1=*)U(\3)#(
:1&9)*&(.5(#G(2&.:*%2(6)7*%/(3$(.5(>*)(0%(.:$1&(.5(T)2&3(2*%(%")(3$()%("#(=21$,5%U
S((H(.5JL(=9"1(6&(C*:*3)J5'$(%&%"1"3*:/(61"#*:&(A*3)7)'/(3$1&(.:5/(3$(2~("9*3&*/(:"'5%*:(6&(6"2&$(3)(>$7$(0%(T".U(
K)JL(6):&#('5.$(6&(5.:$/(3)(#*%:&$()%&*(4"1*'&(3$1&('$(%$?:&1&(.J$(6"3%*:(3)(3$6)'(2&J)%((3"6$3/((.5((.3$6&((?*((.5(
*$(((:":)'((3)((&'U
S((A$*(0%:G*/($,&#(%&,"*&(2&(%*?:&(6)?3"$3&(%"*(3$1&(.5(%)(6"$:5(>*(2*9)*:&/(.6)%&(4G%2*:"1(C"1:$/(.3516*%G%2)J.&(
6&(6*&6:)'(.5)(2&(45*%5U(F"$1(%J"*($,&$(*$15?*(652)3B*WD((.&(0%:1&$95(&'/()*:G%2)J.&(6&((.)9(()%*>"1#5U
S((8$(((3&J7*((((:1&9)*&((((6)?3"$3&((((%"*W((((0%:1&$95((((A*3)7)'(3"%:1$1*$:U(<)($.:&$(:1&9)*&(.5(:&("9*?%)*&?:*(#$*(
0%:G*U(c)($#(:)%)'(#&)(3)(3$1&(6":('",*("(#).35(0%:1&("3B*/(0%:1J"(%"$6:&(%&$415(3$(.#"$'$U
S((c?:*(#$*(61".:(2&3G:(0%(=*)$(*%(3$1&(:&J$*(%5.3):/(.:1*45(*1*:$:(C"1:$U(H#)'&/(%)(61*3&6*(35(2$35(%)(:&($7**(6&(
3G#6)'(2&(')6:5(?*(,1&*(.5(0#6)?:*(6&(3$1&,$/(:1&9)*&(.5(J7*(>$3*(1".:(2&J"($.&#&%&$($1#5(((0%3G:(.5((%)(:&(2*9)*&(6&(
)1#5(?*(.5(.3$6*(2&(C1"9'&#&(.$)(0%:1&951*(%&6'53):&W(F$35(&?:*(61*%.(?*(61"3)1"1)'(2",&2&?:&(35(6*.:"')'(6&(3$1&(
LJ$*(>"'".*:(3$(.5J*(=9"1*(7&$.:$(3)*,$(u($'(:5)/(.5(?:**(35($1(>*(#$1&(#*%)%&(2$35(T)1$7**(%)(:&J$1(45.*
V*%",$:(F&3*/(:1&9)*&(.5(6)%&#(#G%$(6&(%*?:&(6"3%*:"1*(3$1&(.5($C$17#5(($':3)*,$((?*((3$1&((.5((%)((%&((2&$((0%(
,*'&$4U
'
(.5(>$3(1".:(2&($?$(3&,$(>"$1:&()?"1/(1G%T&?:&(>&1*3*:(3)7)'U(c(.*#6')(3$(9)%5(=*)$U(8&(*$)(2&('$(95*&7**(3$1&(>$3(2&
OL{
OL(*
ll.&/(U(2U
#'
115(%$U('$:
*7)'
h$1&
V1*%=
i$)
4$12$($*3*U('":($1#$#&#)*(*)1(&($457$:(*%(3G1'*4&U(KJ$,&#(2(.5((%&((2)3&#(?*(.5(')5#(:":(3&((%&(:1&9)*&D(
&3$*

S((K*3*(,"195D(61":&.:&$=5(+$''a(?"3$:/(.51*%2/((((((((w&(h(.5)(">*7&1&.3U(K)(3)($1#&'&(2&('$(A*%*.:&1)'(2&(!h(
%".:1)(&g:&(2&.:)'(2&((65:$:(?*($?$D
S((;*%&/($:)%3*("(.5(#5(2)3(0%(C1*%=(\'91&3B(A*3)7)'(%&65.5:"1U(<)%".3($3"'"()%(:*6(>"$1:&(<G%2(.:*3'&7**(
2&('$(\'&X(,"1(2&.3"6&1*(35(C*:*3)(3)($1#&(2&('$(+F/(,"1(31&2&(35J*(,"19$(2&.61&(3J?*((,"1('5.$(9$':5(("1*3&(
>&'(2&(($%3B&:5DU
S((K)(.)%5(15)/(($2#*:&((C"1:$/((6&(()%(:"(+$''a(&(4$:$(.5(>$35()%($:$3(2&(3"12(3G%2(0'(iiUh(_
0%:"13G%2)J.&(3)(:1&*(6*.:"$'&(2&(9)=)%$1(Q$':B&1(_('&J$(')$:(2&('$(<$1:*&1)'(@&%&1$'($'(@&.:$6")')*(
\'91&3B:.:1$..&U
S((<)#($*(1&)?*:(.5('&(.3"7*W(0%:1&$95(&'()')*:U(K)(:&Jl(3"%:1"'$:('$(*&?*1&W
S((y*J$#(.6).(35($#($3"'"(6&(3*%&,$(*):&(2&(#G%5/(i(A*3)7)'(2*.61&7)*:"1U
S((C"$:&(3B*$1(6&(-*##'&1(0%(6&1."$%5/(%)W(0%:1&$(3)()%(b(=G#9&:(?*1&:U
S((0'(?:*)(?*(6&(&'/(1G%T&?:&(A*3)7)'(9)3)1"./(2$1/(2*1(&*(%)(#5(3)%"$?:&U(<G:($#(.:$:($3"'"/($#()#>'$:(?*("(T(
P,&12&7)1*_(3$1&(LJ$1(6)%&(6&(T$1(3B*$1(?*(6&J)%(&)%)3/(&'/((.3"7G%2(2*%(9)=)%$1(("(3):*&((6'*%5(3)(6*')'&(,&
C"1:$(?*(+$''a(*$)(>*&3$1&(3G:&(2")5/(*$1(A*3)7()(I1*$?)'(.6)%&(35(.&(.*#:&(6)7*%(3$#(:1*.:(?*($:)%3*(.&(3/(
0#61&)%5/(3)(R1).^a)'(')*(+$''aU
S((PZ&12&7)1*'&_((($.:&$(((.)%:(((&X:1$"12*%$1&D(((.6)*(0%3&6(.5J?*(>$35(&>&3:)'(0%(:*#6(3&J7*($')%&35(6&(4G:+3U(
3)#(.&(>$3&/(2$1(#5(.*#:(3$("(2*,*=*&(C$%=&1(3)($l($)X*'*$1/(4$:$(.5(>$35()%(.5:)3()%$(3)(65#G%:)'U(F$35(?*(
$=*(.3$65/J(C*:*3)'("(.5(>*&(#$*(#)':(2&3G:(%"1"3".U(\?(,1&$(.5(2$)("3B**(3)(5'$(3$1&J$1(>$3&(41&?&$'$(.5(
3"#&%:&=&(3&,$(3G%2(.&(,$($)=*(35($((#*&1'*:J"U
ZG%:)1G%2)J.&(61*%(;&1'*%/(*%:15(?*('$(PC"13)'(2&($)1_/(2$1(6&(C*:*3((%)JL(,5=).&($9."'):(%*#&%*(2&(('$(("(
,1&#&(0%3"$3&U
S((F&("9*3&*/(&(>"$1:&(#)':5($4*:$7*&(0%('"3$')'(5'$/(.6'*%&(C"1:$(0%(,1&#&(3&(:1$,&1.&$=5(@&%2$1#&%#$1^:U(
\3)#(3G:,$(:*#6/('$("(6&:1&3&1&(U2&(<153*)%/()%(?">&1(2&('$(+*&#&%.($(15#$.("'"4/(*$1($'7*(2"*(3"'&4*(2&J$*(
')*(:)3*)1**($)(>".:("#"1G7*U(\#($)=*:(3J$(>".:("(.5195:"$1&(2&(<153*)%(6&(3*%.:&U(<5(,&%*(,"19$U(3G13*)#$($(
>".:(0%3B*.5J:*#6(2&(:1&*(')%*U(\(,&%*:()%(3"#*.*"%$1(41$./((3$1&(,*%2&((6"13*/((?*('&J$((.6).h((P;5*&7*/(
0%3B*2&#((3B*$1($3)#D_
OLO
05(2&(I1#5U
:1&*
pV"1:$U()(?:*)($#&%:
+*(3B*$1($)(0%3B*.W(0%:1&$95(A*3)7)'()*#*:U
bb!\)(>".:("9'*4$7*/(.)1G2&(C"1:$U(<"#*.*"%$1)'(0*(')$.&(3)(&'
Yg:*(3"6"**(2&(('$(+3B)6"/((3)(6*.:"$'&(3)(:":D00000000000000G!!!-
6<
(x(((2)3($""*(?*(61*%($':&('"3$')1*U(8$(PC*3*"1)'(2&('&#%(/
i*%&.3("(3)%"?:*%75(2&J$(')*(C"1:$/()%(9519$:(3$1&(.:5('$(9$1/(%(.3$)%(0%$':l(6"$1:5(65'51*&/(B$*%5(2&(9'$%5(?*("3B&'$1*(
2&(6&P1&V(2&?*(0%5)%:1)(&(0%:)%&1*3((?*(3$'2U
DbUV(8J$*(,5=):(6&(C*:*3W(?"6:&?:&(C"1:$(6&()%(:"%(3"%.6*1$:*,U
bb(7.T)(:&(#$*(3)%".3/(.6)%&(H3B&'$1*(2&(+"$1&/($*(>G3):J"
'(:$('$(;&1'*%U(`*(6&%:1)($(.&(>$3&(#$*(9*%&(0%7&'&./(0?*(.:1&3"$15(#G%$(6&((.)9(B$*%5U
I1#&$=5("(9)>%*:)15(0%>)%2$:5U(H3B&'$1**(?*(65'51*$(=9"$15(%G%GJ%(:$,$%/(*$1(61"61*&:$1)'('"1(.&(0%,G1:&?:&(01*:1J
)%)'(2*%(3"#6$1:*#&%:&'&()?**(1":$:*,&U(A*3)7)'(0*(25()%(?):(0%(>)%2U
S((`*(&'(&()%(#&#91)($'(P<&13)')*_/($1)%35(C"1:$(.>*25:"1U
S((P<&13)'_W(0%:1&$95(A*3)7)'(%&0%31&=5:"1U
bb(F$/(P<&13)'_U(Y"7*(#&#91**(.)%:(0%(.6$:&'&(41$:**'"1(2&(3&'
6)7*%(:1&*($%*U
bb(0'(3$)7*(6&(C*:*3W(0%:1&$95("(61".:*:)$:5(0#9153$:5(0%(1"?)U
S((KJ"*(>*(,1&"((4B*3*:"$1&(0%((.:&'&W((1G2&(C"1:$U
S((F5(("(1$*:5(6&('$(PY1$,&.:*:)'_/(=G#9&?:&(&$(61".:&?:&/(3'*6*%2(2&.(2*%(4&%&'&(>$'.&/((3)((*%:&%7*$(2&(($JL(>$.3*%$U
S((<*)2$:/(:"3#$*('$(PY1$,&.:*:)'_/(.6)%&(C"1:$(4G%2*:"1/(0%(:*#6(3&(.&(0%:"13(6&(@&%2$1#&%#$1^:U(F&("9*3&*/(6&J
$3"'"(.&(6&1*%25(%)#$*(*2*"7**(>515(>)2)'**/(3$1&(6"$1:5(:"3)1*(?*(2)B%&.3($(6$1>)#(2&((:G1>5U
C*:*3)'(&($3"'"U(+:5(0%(3$65:)'("6).($'(0%356&1**U(Y"3#$*(0?*(.:*%4&(7*4$1$(6&(.G%)'()%&*(61".:*:)$:&/(6&%:1)($J*(
$#*%:*(3$(2$:$(,**:"$1&(.5(2&$(9$%**(6&%:1)(61":&37*&U
S((A)1&$#(2&(%&1592$1&(.5(:&(0%:G'%&.3(2*%(%")/(?"6:&?:&(C"1:$/($61"6**%2)J.&(0%3&:(2&(&'(?*(0#6)%4G%2)JL(3)()%(
3)7*:(2&(')6:5(0%(3&$>5U
C*:*3)'(7*65(?*(3$2&(2&(6&(.3$)%)'(2&('$(9$1U(+&(*=9&?:&(3)(3$6)'(2&(6&1&:&/(.&(1*2*35(?*(*&.&(0%(4"$%5(6&()?5/(3G%2(.&(
6"#&%&?:&(3)(A*3)7)'('G%45(&'U(y*65(2*%(%")(?*(.&($1)%35(3)(3$6)'(0%$*%:&(61*%:1J"(>&1&$.:15(0%3B*.5/(>515(.5(7*%5(
.&$#$(35(.&(6159)?&?:&(2&('$("(0%5'7*#&(2&.:)'(2&(#$1&U
P;)>/(9)>U_(((15.)%5(Q$':B&1)'(3)(($#"1:*="1($'(A*3)7)')*U
b((rr(Y&('$.((.5(:&(3)'3*(3)((#*%&(("(.56:5#G%5(0%:1&$45(>515
.$ #
r V(Ug$V(((#3V((()%(((.>$%7((2$35J*((=9"1*(9"$?&'&((4)%"*)')*(5')*$
.$
2*3U(0*(61"#*:&(>$:$(6&(3$1&(C*:*3)'($(>"'".*:J"(21&6:(.31)#*&15U
+5(#5(3)'3(3)(:*%&W(1G%T&?:&(A*3)7)'/(#*?3G%2(2*%()1&3B*U
#*?&**U(\#(T"?*(*%(K6*'$*(.T(%J$#(%&,"*&(.5(2"1#("(.56:5#G%5
VJ00000000000000000000000000000000000000V
S((c?:*("('$:5(.*#6$:*3$/(.6)%&(C"1:$(4$'$%:/(.:1&3)1G%2)(Ji(#G*%*'&(0%:1&(6*3*"$1&'&(&*U(C&%:1)("(>$:5($7$(2154)75(
3$(:*_vV(3B*$1(?*(95:1G%)'(I'*.&($1(>*(#&1*:$:(.5(15:53&$.35(6&(#$1&(.oV($6'&$35(6&((>&1&$.:15U((I%2&((%$*9$(("((>*(
6*4#&)'W000000000000000V(((&
S((H(.5JL(45.*7*('$(Y*&14$1:&%/(.6)%&("(>$:5(0#9153$:5(3)(%*?:&(3*"1$6*($14*%:**(?*(3)("(T$1:*&15(61*%.5(6&(6)'65U(
<G%2(25(3*(9)3')3/(.&(2)3&(0%:":2&$)%$(.5(.&($.3)%25('$()%)'(2*%(6$=%*3*(H(.5(%*#&1*7*(.*4)1U(c("(3$.5(1":)%25/(
$'95l("(.J"(,&2&7*(*#&2*$:(3$(*%:1$7*(0%(6$13/($3"'"()%2&(0%3&6&(:&1&%)'(2&(35'51*&(?*()%2&(6)*&($((9$'&45((2&((3$'D
S((m9)15#/(.:1*45(%&15925:"1(C"1:$/(3"9"1G%2(.351*'&(2*%(2")5((.$':)1*U(((A*3)7)'((,*%&((3$((("(($,$'$%?5((0%(()1#$(
')*U
I%(61"X&%&:/(3$1&(.:5(0%(61$4)'()?**(.)61$,&4B*%2)J?*(>&:&'&/(&(0#91G%3*:(3G:(3"'"(?*(&(35'3$:(*%(6*3*"$1&U
S((\)(,&%*:(1)?**W(=9*$15(&'(2&1):$:/()*:G%2)J.3(')%4(0%()1#$(')*((C"1:$((?*(($((A*3)7)')*((3$1&(($'&$145(()1'G%2((6&(
.:1$25U
<G%2($T)%4('$(Y*&14$1:&%/(0'(=51&.3('$(3G7*,$(#&:1*(2&651:$1&(6&(C*:*3/(0%($3&&$?*(.&3)%25/(0*("9.&1,5(?*(&*l(7*6G%2(
0%41"=*:/("(1)6&('$(>)45(6&($'&&/('5.G%2(0%()1#5()%(%"1(2&(61$>U(F$1($6"*/(2*%:1J"(&1"$1&(:$3:*35/(*%:15(0%(:)1%)'(2&(
$65U
S((8J$#(61*%./(3B*3":&?:&(C"1:$U(Z"#(,&2&$(3)#(3$2&(3*%&,$(2&((('$((("(((0%5'7*#&(((>"$1:&(((1%$1&U(((c(((#$*(((9*%&(
$*3*(((2&3G:(((6&(+*&4&..5)'&U
A*3)7)'(((61*,&?:&((0%((.).U
S((c($'(21$3)')*(2&(0%$':/(.6)%&(&'(0%3G%:$:U(F)65(3&J"(.5(3$25(2&J$3"'"/(%J"(.5(#$*(6'&3&(2"$1($#"17*:/(3$($':5(
2$:5U(F$1(2$35(%)(.$1&W(\1(:1&9)*(.5(.$15(6&.:&(9$').:1$25/(2$1(&'(&($:G:(2&(6*6&1%*3*:(0%3G:(%J$1(6):&$(.J"($:*%45(
%*3*(2$35(.J$1(1*2*3$(6&(,G1>)1*/((3)((#G*%*'&(0%:*%.&D
S((K)(,1&#(.5JL(.)6)%&#('$(&>"1:)1*(61&$(#$1*/(.6)%&(C"1:$U(H(.GJL(1*2*35#(%"*D(!G%T&?:&(0%3G%:$:/(0%3B*6)*%2)J
?*(3)#(=9"$15(C*:*3)'(2*%((,G1>)'((:)1%)')*((2&(($65U
F&.3B*2(3)(>"17$()?$(2&(>*&1l(=4"#":)'(15.)%5(0%(*%:&1*"1)'(:)1%)')*(4"'U(C*:*3)'(>*X$.&("('"6$:5(.)9(3'$%7$()?**U(E(.&(
$)2(6$?**/(2)2)*%2(6&(:1&6:&'&(#&:$'*3&U
S((+&((4159&?:&((.5(($T)%45((.)./((1G2&((C"1:$U
S((H(.5(.&(4159&$.35(?*(#$*(:$1&(0%(352&1&/(15.6)%2&(A*3)7)'(3)((()%(((1G%T&:((('$14UJ(((K)J*((($?$(((3J$1((>*(((6'53):(
.5JL(((,&2&#(((6J%&%"1"3*:)'(5'$(#*3(6'"%TG%2(3$("(9"#95($%4'"J$#&1*3$%5(21&6:(6&((<$1:*&1)'((@&%&1$'($'(
]**B1&1)')*W
\T)%4('$()':*#)'(&:$T/()%2&JL(45.&.3(6&(C*:*3(.3G%3*%2(?*()1'G%2(2&(>1*35U(]$3(2&(6$:1)("1*(0%3"%T)1)'(6'$:>"1#&*(
>515(.5JL(61*%25/($6"*(C"1:$(.&(0%:"$13&(?*("(*$('$(4"$%5(0%(.&%.("6)lwJ3*"3%*%2)J.&(3)(C*:*3)'U
S((CG%5(($*3*(7*J$(>".:U(*)9*:)'&/(T)9*'&$=5((C"1:$/(0%:*%G%2
OLN
K)(((%)D(=9*$15(C*:*3)'/(>53G%2()%(.$':(0%$6"*(?*('",*%2)JL(:$(%&VC"1:$(3)(3*=#$(.$(6$:1)=&3*(?*(?$6:&U(E%(:*#6(3&(
$3&.:$(B&#)*&?:&(((0%%&9)%*:(2&(2)1&1&/(C*:*3)'(0*(:1$4&()%(3$6l(.&(`&(g5(((*%:15(V0%:1&(6*3*"$1&'&(A*3)7)')*(?*JL(*=9&?:&(
3)()%(?):
V_1*9*'((0%((1&4*)%&$(((.&%.*9*'5U
A*3)7)'()1'5(3G:(=&3&/(2)3G%2)J?*($#9&'&(#G*%*('$(61"B$9U(bb(Y&J$*(2*.:1$:(2&.:)'/(153%&?:&(C"1:$/("3B*%2)JL(3)(
6*.:"')'(6*:*3(Y1$4&(2&(:1&*("1*('$(1G%2/(>515(.5JL(%*#&1&$.35U
u
C
(C*:*3)'(.&(.)*&(6&(9$').:1$25(?*(15#G%&($3"'"/(3'5:*%G%2)J.&(1*3)'".(3G:&,$(3'*6&U(((C"1:$((3"9"$15((6*.:"')'((?*JL(
61*,&?:&(3)
.)1$(35.3$:5(6&("#)'($3&'$(#*3/(3$1&(.:5(6&(#)3B*&/(#*?3G%2)J?*
91$7&'&((.5J?*((#&%7*%5((&3B*'*91)'U
S((+>*%:&(E.).&D(&X3'$#5(A*3)7)'/()*:G%2(2&(2)1&1&U(C*4#&)'(5'$((%&%"1"3*:((%)J?*(((25(((.&$#$((3&((2*.:$%75(((#$1&(
&(((6G%5(T".D
S((A$*3$((F"#%)')*D((3B*)*&(C*:*3)'(2*.6&1$:U(+&(0%3'*%5(6&(.6$:&/((2$1(0?*(((1&3$65:5((&3B*'*91)'(((2G%2((2*%(
#G*%*U
S((F$35(((?*(((2)65((($.:$(((.3$65/((($1(((>*(((>"$1:&(((9)%(((0%:1J)%(.6&3:$3"'/(.6)%&(C"1:$(4G%2*:"1U(H$1&(%)JL(6):&#(
,*%2&(,1&)%)*(3*13(($#9)'$%:W
A*3)7)'(0%:*%2&("(#G%5(.5J*(2&$(91G%3*(C*:*3)')*/(2$1/(:"3#$*($:)%3*/("(1$>$'5(2&(,G%:(0'(2&=&3B*'*91&$=5U(+&(
$6'&$35(?*(15#G%&
{(((3'*65((0%:1J"(((6"=*7*&(((*%31&2*9*'5/(((2)65((3$1&((0%:*%2&(((#G*%*'&(0%$*%:&/((2$1((%)(((.&(((6"$:&(($6)3$(((2&(((%*#*3U
+&((3'$:*%5((?*((.&(((6*&12&((0%((3&$75U
C"1:$(?*(A*3)7)'(.&($6'&$35(6&.:&(#$14*%&$(9$').:1$2&*(?*JL(61*,&.3(3)#(3$2&U
S((]G'>G*&((((2*%((((#G*%*/((((=9*$15((((A*3)7)'/(((($?$(((3)#(((>$3(6&.351)?**DU(((H(((.5(($:&1*=&=*((('*%(((?*(((%J"(((.5J7*(
.6$14*(((7&$.:$D
I%(+3B)6"/(3$1&(2*.3):5('$(6"$1:5(3)()%(6$=%*3(2&.61&(0%$':5(:152$1&/(0?*(1*2*35(61*,*1&$(?*JL(,&2&(6&(C*:*3(0%(
352&1&U(@&#&(0%>)%2$:(?*(*(.&(0%#"$*&(6*3*"$1&'&U(C&%:1)(3)1$T)'(2",&2*:(0%()%*:57*'&(2&(.:*3'&7*(2&('$(.>G1?*:)'(
$%*'"1(2")5=&3*/(>**%2()%)'(2*%:1&(3&*(#$*(9)%*(#G%)*:"1*($*(9):$%)')*(?*($*(6$:)')*(2&($1#5/
L
(((.&((.6)%&$(((C&:&1((<)1$T".)'U
JC$=%*3)'(6$13)')*(.&($1)%35('$(65#G%:(0%(.6$:&'&()%&*('5=*(2&(4)%"*/(31&=G%2V35(C*:*3)'(&()%(%")(:*6(2&(9"#95(
*%,&%:$:(2&(*%$#*3*U(KJ$**(#$*(15#$.(2*%(&'(2&3G:(3*=#&'&(%)#51)'(6$:1)=&3*([V(`U$6:&/U3$1&(.&(=51&.3(61*%(
$3"6&1*?)'(.6$1:($'()%)*(Z"'^.R$4&%(<3%)?*)/($6$17*%G%2("14$%*=$7*&*(Y"2:U(!5#5?*7&'&(:1)6)')*(.5)/($#&.:&3$:&(3)(
,"'$%)'(?*(.3B*#95:"1)'(2&(,*:&=&/(.)%:(0#61"?3$:&(C&(3):*$(3)(.3)'&U
r(bE#$4*%&$=5J7*/($(>53):J"(.*%4)1/(.:1*45(C"1:$(0%(:*#6(3&($V&$145(%&9)%&?:&(6&(.351*(0#61&)%5(3)(A*3)7)'U(
+)%:&#(3"#6'&:(%&,*%",$7*D
OLv
S((\,&#(#G*%*'&('$(>&'(2&(3)1$:&(3$(?*(#$3$1"%$1)'(3$1&('J$(7*%:)*:((6&((E.).((6&(31)3&/(31"%35%&((A*3)7)'U(
\'&$145($:G:(1T&(1&6&2&/(0%3G:((.&(0#6*&2*35(0%((6>"61**'&J*((6*3*"$1&U
<G:&,$(#*%):&(#$*(:G1=*)/(0%3&6(.5(=9G1%G*&(:&'&>"$%&'&(2&('$(\'&X(+:$:*"%U(<"#*.$1)'(+3B)':=&(P<1*#5_/($(
351)*(6"1&25(.&(2$:"1&$=5(>$6:)')*(35($(>".:($2T)%3:)'(;1*45=**(<1*#*%$'*.:*3&(%)J?*(31&2&()1&3B*'"1U
S((<&J$*(.6).W(+J$($1)%3$:(2*%(:)1%)'(2&($65(?*(.J$(6159)?*:(6&.:&()%)'(2*%:1&(,&B*3)'&'&(Z$:&1'$%2)')*W(
C1"9$9*'(35(&1$(.:15*%(.$)(T*2$%U(K*3*()%(%&$#7($):&%:*3(%J$1(6):&$(>*($:G:(2&(61".:U(\2)%$7*(15#5?*7&'&U(Z1&$)(
.5(,52(2&.61&(3&(&(,"19$U(+".&.3(*#&2*$:(($3"'"D
F&(0%2$:5(3&($T)%4&/(P<1*#5_(+3B)':=&(0*($1&.:&$=5(6&(C&:&1(<)1$T".)'(?*(6&(6$=%*3)'(6$13)')*(>**%235(%)(LJ
$)("61*:(6&(%&9)%(.5(.$15(2*%(:)1%(?*(.5(.:1*3&()%(9)%(3&($6$17*%&(4),&1%)')*U
<G%2($>'5(35(C*:*3)'(&(3&'(3$1&($(35=):(2*%(:)1%/(P<1*1%G_(0?*($61*%2&()%(:1$9)3(?*(0%3&6&(.5(.&(4G%2&$.35('$("(
.)#&2&%*&(2&(')31)1*U(PC"13)'(5'$(#*3($(>".:(0#6*%.(2&J$3"'"_/(0?*(+6)%&(&'/(.)>'G%2()%(%"1(2&(>)#(3&%)?*)U(
PF$35($?(?:*(3*%&($(>53):J"/(LJ$?(>&'*3*:$(?*(*J$?(">&1*()%)'(2*%(:1$9)3)1*'&(#&'&(91$=*'*&%&U(\&1)'(2*%(;&1'*%($(
2&,&%*:(#$*(1&.6*1$9*'(2&(3G%2($(2$:($.3B*#"2*$($*$("1:)V(6"6**_U
+)33&.)'((P#*.*)%**_(((&((.5195:"1*:(0%((9*1")'((')*((+$''aU
S((<52&1&$($.:$(2&('$(?$6:&=&3*(?*(3*%3*(2&(#&:1*(?*(T)#5:$:&/(1G2&(A*3)7)'(2*%(*%*#5/("(.5(%&(1&="',&(:"$:&(
%&3$=)1*'&U(Y"7*(.&(,"1(0%4B&.)*((.Gg?*(((6'5:&$.35((2$:"1**'&D(((H((.J$,&#($:G7*$(9$%*(4B&$75(0%3G:((%*3*((%J"(
.5J*((6):&#((%)#51$D
S((@159*7*J,5(?*($2)%$7*J,5(9$%**(0%(:*#6():*'/(0*(.>$:(+$''a/(((61*,*%2)JL(((>*X(((6&(((C"1:$U(((F)#*%*35(((,$(
:1&9)*(0%:"$13&7*(6&(3G#6)'(2&(')6:5U(K)(,5(#$*(6":($.3)%2&('$(\)(2$:(2&T$((2&()1#$()%&*(6"3%*:"1*(?*($)(
0%3&6):(.$(0%:1&951*(*%3"#"2&U(Y1&9)*:(.5(,5(')$7*(:5'65?*7$(0%$
2&('$(@&>&6"[((.5(61&*$(3$=)'(2&('$(f1*6"U(`&>)'(H9&1.:(3)(:G1G:&(0%(3$6/(.&(6$1&(35J?*(6)%&(31&*&1)'(B(6&%:1)(
61*#$("$15(0%()':*#**(=&3&($%*U(AJ$(.)%$:/(%)(#5(((0%:1&9&(((2$35(((%)(((3)#,$(((,1&)%)'(((2*%:1&(("$#&%**(
0#6)?3$:(6&(3*%&,$((2&(3)1G%2U
S((;*%&3),G%:$:&(>*&(1"$2&'&(65#G%:)')*D(*%:"%&$=5(."'&#%(A*3)7)'/(0?*(0%2&$.5(0%(4)15()%(3"6$%(#$1&(2&(
4G.35(?*JL(0%4B*:&(3)(("((2)?3G((2&((,*%((1"?)U
S((`*(:"7*(3&*(3$1&(.&(9)3)15(2&(&'&D(3"%:*%)5(C"1:$/(0%(:*#6(3&((*$(2*%(>$1>)1*&(()%((6)#%((2&((61)%&().3$:&U
S((\#*%/(.).6*%5(+$''a/(9G%2("(4)15(2&(,*%(2*1&3:(2*%(.:*3'5U
[(W,2,$0,!!1,)+43)$:,$!S((C"'*7*$((.&31&:5((2&((:&1*:"1*)(H)UkU
.(:&
,5
iT(5()%
1G)/(.5(#&*(($
*B
Ld@.')!/7'!!,./,!!'%!!%,.=@(;$/!!*@%/,*5
j$!03-(/,-!!/,6-!&7.$/!!<,.,)!.$!!34/$0$./">
+*&4>1*&2((+$.."%
R@%+!.,!/(,:,;/,5!J3(/-!.,!.$0/,!+,!4-(*-!$6-!,D4)3+-/!3!&(,%-+7!8%!*-4"!J($<,;/,!-0,B$/!8%!9'("!#,!-=)7!$%/(6
'%!+3(0$/3(!./(-%$'5!8%!*-(,!/3-/,!)'*('($),!.'%/!(3B$$5!*')3-(,-!)'$!4(,=,(-/7"!C,.*34,(7!'$0$/!*7!)@%&7!,) !
./7!8%/$%.7!3!A('%,/-5!*'!3*2$!0$&+-)-B$"
S((R,!+(-*'G5!-0!0'($/!;$!-0!-9'%.!8%!(-$Q!:A$-(7!,)"!M(,4/-/5!.,!+,:0,/$*,;/,!;$!8%*,4,!.7!9'+,*,!*-!'%!
-+,<7(-/!.3)+-/"!!#,!.*3-)7!+$%!4-/5!($+$*7!./$*)-!+,!<3+*7!;$!.3-(A,!+3'7!8%&2$B$/'($!)'%&$"
LM(7$,;/$5!8;$!.4'%,!,)"!N'!,;/$!8%!(-$"!M,!-=)$!8%!A3(+,)')!N-/-;,$!W(-.-!;$!-$!4)7/$/!*$%*$!.'/,!+,!d,$*2.0-([!
4,%/('!4-/')!7./-5!$%*)'.$<!.,(<$*$')>5!8;$!*-'/75!A@9A@$%+5!43(/3=,)')"!N'6/!&7.,;/,"!Ld-$')!,!'%!)3*!-)!%-$A$$ !
+,G!.*'04>5!&@%+,;/,!,)"!#,!-4),-*7!+$%!%3'!+'47!./$*)-!*'!<3+*7"
1-/-!6*'!3*2$$!0$&+-)-$$!.,!/(,:,;/,!;$!4($<,;/,!0$(-/75!*-!;$!*'0!.6-(!8%/(,A-!*,!*-'/7!8%!4-/')!,$!A7(A-/') !
-*,)-!&3)5!*'!A3%,/-!4,!*-JG!#,!8%/$%+,!;$!*-.*7"
C5bbb!@9&1#$%.^*/(+-*7!<(,$!.63!4'%,05!2-$!.63!=-*,0!-*'0P!K$
JG-/$/!%'0-$!4@%7!)-!3(-!34/"!F-$!-$!b'%!.=,(/!+,!3(7!;$!4,!'(07!<-
,
!]!.76B$!$,$!/7)47;$B-"!!!C$%*1%$*&?*/((+30%'),!.3)+-/!%,-0BQ
e!!F7!!+3-(,!!!*-4')5!!!(7.4'%+,!!!J3(/-"!!!!E($*'05!!!0')B'0,.*!J,%/('!3=,(/7P
%'!<(,$5!.4'%,!=-/-5!8%/3(*@%+'6.,!8%/(63!(@%75!)-.7607
3(0"!!!!R@%+!!!/,!!!*-($5!!!.+6%*2$:$!!!';-!!!+'47!!!/$%,5!!!+30%'),
=!!!!!!!!=
9'$(28%&'%%7/:
S((K)J%3$6&(0%2"*$'$()%2&(%&($>'5#/(>$3&(A*3)7)'(3)()%((i(3B*%)*:U(Z$(.5(=*35/($.:$J*(!).*$D(Y"3#$*(#*J$#(
45.*:(61*#(g(652)3B&U(((+51#$%)'(2&((&'/((&((#"1:U(((KJ$(($,):((%"1"3D
S((c?:*(9G>:"./(1G%T&?:&(C"1:$/(3"'"%*$(3$1&(.J$($3*)*:(6&(#*1*(&((2*%((3$'&J$>$15((2&((,*"$*&U(i
S((`*(&)(31&2&$#(35J.(%"1"3"./(">:&$=5(A*3)7)'($95:):/(2$1($)(,&%*:("6:(.):&(2&($#*3*(2&J$*(')*('$(
0%#"1#G%:$1&(?*(.&V6$1&(35((.J$)(B":51G:((.5((.&((.:$9*'&$.35(($*3*U
S((AJ$#(351$:/($%)%75(C"1:$U(\#(:1&9)1*(#$*(*#6"1:$%:&(2&3G:((.5((.:$)((?*((.5((2*.3):(2&.61&((>)%&1$'**'&(
)%)*(652)3B&U
+&("61&?:&(2)65("(3'*65(?*(3&13&:&$=5(3)1*".("(6$%3$1:5(#$1&/(2&()$(4$'9&%(.:15')3*:"1/(6&(3$1&(.:5(.31*.(3)(
'*:&1&(2&J"(?3B*"$65h
@c-cEAc+((+HKFc!fHAA\KFH((EZqd((=U9U,U
EKY!\!c\((Cc!+H\Kc8H!((Kc\IYH!Em\Yc
+Y!E<Y((EKYc!mE+\
<$(2&("9*3&*/(C"1:$(&(>&1#(3"%,*%.(35(&'(&($):"1*=$:U(C5?&?:&(7$%7"?(?*(.$'):5(0%(:1&3&1&(6*.*3$(61&>&1$:5($(
#&3$%*3)')*J?&>(Q"'>U(\%*#$')'(:"3#$*($(>".:(0%$*%:$:('$(41$2)'(2&(I%:&1">>*=*&1(?*(.$2&(6&(1$2*$:"1)'()%)*(
,&B*3)'($'(\1#$:&*/(.65'G%2)J.&(2&(="1U(C"1:$(:1&3&(61*%:1J)%(3"1*2"1(')%4(?*(0%4).:(?*(.&("61&?:&(0%(>$7$()%&*(
)?*(#$.*,&(3)("(6'53)75($'95h
;E!HI8((Fc((<HA\KFs(EKY!\!c\((#MdhRM!HC!EY\
<*)'&?:&()1&3B&$/($6"*(:1".%&?:&()?$(2&(6&1&:&(3)(6*3*"1)'(?*(*%:15U(+&($>'5(0%:1J)%(9*1")(.6$7*"./(#"9*'$:(3)(
4).:/(3$1&(LJ$1(>$3&(?*(6&J)%(4&%&1$'(61).$3(2&(,*75(%"9*'5(.5J?*('*%45(9)=&'&(2&(6">:5U
S((<&(21$3)(#$*(,1&*(?*(:)W(.&(1G7"*&?:&(#&3$%*3)'J?&>(Q"'>/(0#651$:)'(%&0%3"1"%$:($'(61",*=**'"1(?*(
&3B*6$#&%:)')*(\1#$:&*U(j+:5(61"756*:(0%(>$7$()%&*("4'*%=*(*#&%.&/($2#*1G%2)J?*(61"61*$(*#$4*%&Uk(K)(,&=*(
35(:"3#$*(252&$#(.5(*&.W(.6)%&(&'U('*6.V:(2&($#$9*'*:$:&/(0%J(,1&#&(3&J?*(:"$1%5("(T)#5:$:&(2&(.:*3'5(3)($65(
2&(3"'"%*&((6&.:&((6G1)'((%&41)/((.:15')3*:"1U((j!G%T&?:&((?*J?*(($2#*1$(3"1"$%&'&(2*%($)1($'&(2*%7*'"1Uk(<)#(2&J
$*(*%:1$:W(0%:1&$95(&'J,52*:(%&#)'7)#*:U(KJ$*(,5=):(.&#%&'&($'&$(3)(PE%:1$1&$(./($*/!"61*:5_W
S((<)#((($#(((*%:1$:W(((=G#9&?:&(((C"1:$(((=&>'&#*:"1U(((C&((()`Gh(.&J%7&'&4&U(<)#(31&2&$*W(<&(:&(2$*($:G:$(3)(
PZ*.(2&(:G1>5_W(\V(6"1%*:J"(((%*7&')?(((2)65((4G)1*3G(((1).&$.35/((($*W
R-!.5(%)(:&(#*1".(6&(:*%&/(6):"$1&D(15.6)%2&(Q"'>($31)U(g(c?:*()%(:*6(9*%&/(0'(>'$:&$=5(C"1:$U(Z1&$(.5(
6"3%&$.35(2*%
U(((P:&(((2$1(%)((1&)?&?:&/(2&4&:&/000000000000g(>$34(Q"/>(3)(.)6&%"1*:$:&U(F"$1(%)(,1&*(3$()%
rr_(,(?&>(3$(#*%&(.5($1$:&(3$($2)%5:)1$(,"$.:15(2&(.3)1."1*(_0&<$/"3*&:57**/(3&J7*((0%3B*6)*((:)W
bJ(\.:$J*(651&1&$(#&$/(=G#9&?:&(C"1:$(>$'./(7*%$%2J"(6&J$(i(10%(1&$'*:$:&(&(3"%,*%.(35(Q"'>($1$:5(0%("3B**(
0%:1&4**(')#*(3$(~#$*#)7$()1'G:"$1&Uk(c?:*("(6&1."$%$(&X:1&#(2&(&'&4$%:5U(+5(:*(35(#*1".)'(:5)(2&(:1$%2$>*1*(
.&(.*#:&(2&('$(=&3&(^*'"#&:1*/(3)(G%:)'(0%(.6$:&U(K*#&%*(%)(7*J$1(6)%&('$(0%2"*$'5(.*4)1$%7$(2&
,(.*%&U
Lb(\*(21&6:$:&/(15.6)%2&(Q"'>/(%&$.3)%=G%2(>$6:)'(35($2#*1$7*$(>57*?5($(')*(C"1:$(0'(0%3G%:5(6&.:&(#5.)15U(
F$35(,1&*(.$($:*%4*(3)'#&$(6&(3$1&(.&('5>5*&('$(."$1&($*(6):1&2(2&(9"4$7*/(:1&9)*&(.5(2&4$T*("($)15(2&(1&.6&3:U(
KJ$1&(1".:(.5()#9'*(3$()%)'(3$1&J#6*%4&(:":(:*#6)'(9):"$*&(3)(9&%=*%$(2&(3"'"J3"'"/($?$(3)#($157*(:)U(KJ"(.5(
$T)%4*(2&6$1:&U(<'$.5/(61*3&6*W(<'$.$(&(:":)'U(F$35($*($?$(3&,$/(61".:5%$3**(:&(,"1(6)6$(?*J%(>)%2U
S((p).:/($2#*:&(C"1:$(?*1&:U(<)(:"7**(.6)%(35(#&3$%*3)'J?&>(Q"'>(&()%(9519$:(>"$1:&(3B*6&?D
S((\.:$(?:*)(?*(&)/(15.6)%2&(Q"'>/(2*3B*.*%2)J.&(?*(0%:"13G%2(3$6)'(0%:1J"((6$1:&/((6&%:1)($((.&((61*,*(2*%($':(
)%4B*U
S((\,&#(%&3$=)1*/(>$3&(C"1:$($95:):/(0?*()%4&(3)(4&#("(>&'*&(2&(6G*%&(3)(91G%=5U
S((<)#W(&X3'$#5(Q"'>U(K)(,"1(1$B$7**(.5(3)#6&1&(9*'&:&W
S((\':)J*(9$*)'/(&X6'*35(C"1:$U(\)(3)#651$:(3)(:"7**(9*'&:&/(2$1($3)#(.J$)($6)3$*(.$('&(,G%25('$(%&41)(
2*,*=*&*(,&3*%&U(+)%:(#$*((#)':&(9*'&:&(2&3G:('"3)1*D
S((\:)%3*(#$*($25)4$7*('"3)1*/(.6)%&(Q"'>(3)(*%2*>&1&%75U(j@&.:*3)'&$=5(((&%&1,$:Uk(((C&%:1)(((:G#6&%**(((2J
$.:&$(((,**(((.5(((#5(2&1$%T&=*W
rbC5:(<1$3*(3)(+3G17(%&(61","$35(:"$:5(95:$*$(2&(3$6/("':&$=5(C"1:$U(K)(%&(2$(2&3G:(3":'"%)'(5'$(615652*:(0%(
3$1&J?*(7*%&($>)1*.*:&'&(2&(:1$3:"$1&(3"#)%*.:&U(\3"'"(%)(0%3$6(2&3G:($*(%"?:1*U
+5(%&(4G%2*#(6)7*%/(.6)%&(Q"'>/(#*1".*%2()%(:1$9)3(3$()%(61"61*&:$1(41&3(2&(,$6"$1&(3$1&J$(6"1%)J"(2&('$(
=&1"U(E$(I%)f(0'(6">:&?:&(&'(6&(C"1:$U
`*('&($61*%2()%)'($':)*$/(.)>'5(,5'5:)3*(#$1*(2&(>)#(.*(T)2&35
)$7*$U(\#G%2"*(.)%:("$#&%*(2&($>$3&1*(3$1&(61*,&.3(15=9"*)'
'*%Vg&rW(%&e).:"1*&(2*%(3$'&J$>$15(2&(1*.3$%:5U(C&%:1)(&*(%)(&X*.:5
$>$_(((i((((g1"%:'))*(.$)(2)?#$%*U(<&'(#)':/($."3*$7*(P2*>*3*'*_(0%
ÑLe
OLM
F$35J?*(0%3B*6)*&(3*%&,$(35(,"1('5.$(.5('&(.3$6&(,1&"("3$=V(.&(0%?&$'5U(C&%:1)(3&*(2"*/("1*3&(')31)($1&(
,$'"$1&$(.$(0%:1J%%()=c!.$)(($':)'U000000000000000000000000000000000000000000000000000000000000000000000000000000E&'
S((<&J$*(=*3&(2&J)%(#*3(c%=*$%[/(61"6)%&(C"1:$/($15:G%2(9):&'35(#$1&/($?&=$:$(61&:&%7*".(6&("(#5.)75(
>1$%7)=&$.35/('G%45(3$.3$(2&("7&'($(')*(Q"'>(S(3"#$%25(.6&3*$05(S(3)(,)':)1)'(2&($14*%:U(I%(65B51)7(2*%:1J
)%(?%$6.(3$(5.:$(0*('*#6&=&?:&("#)')*(4G%2)1*'&D(((+&((1*2*35(?*(:1$4&(("(2)?35((2*1&3:(2*%(9):&*35U
S((KJ"((.5(:&(3*=&'&=*(%*3*"2$:5/(#G1G*&(Q"'>U(K*3*(#53$1(3G%2(,&*($T)%4&(9"4$:U(<)("(#):15($315/(.3"$:&(
2*%:1J)%(9$1(2")5((65B51&'&((#*%).3)'&((6&%:1)(:51*&U
S((KJ$*(()%&0&((#$*((#*3*W((0%:1&$95((C"1:$((3)((.)90%7&'&.U
S((K)/(2*%(653$:&/(15.6)%2&(Q"'>/(>53G1*2)J.&(35(%)(0%7&'&4&($')=*$U
C1*#&'&(:1&*(65B51&'&(.)%:(2$:&(6&.:&(3$6(2*%:1J"(0%4B*7*:)15U
S((F)65(3)#(.6)%&$#/(0%3&6&(C"1:$/("(.5(>*&()%(#&3*(0%(:"$:5(1&4)'$U(!&.6"%.$9*'**(%"?:1*(3)(6)9'*3*:$:&$(
$)(2$:(.>"$15J%(7$15/(]*&3$1&(2"9*:"3(2*%(3"16)'(2&($1#$:5(?*J$(3)#651$:(9*'&:/(?*J"1(.5(,*%5(3)(:"7**(0%3513$7*U(
K)(2"$1(3)(3*)9)3)1*(615652*:&(2&('$(\1#$:5/(3*(?*(2"'2"1$(2&(9$%*D(F$1(*2*":)'(5.:$(2&(P+3G17_(&(61".:/(>53):(
415#$25U(I%(3$6(65:1$:/(3$1&(%)(,1&$(.5(0%3$'3&('&4&$U(((E*(((25(((0%$*%:&(((3)(((#*.*)%&$(((')*(((2&((($((()1#$(
0%:"3#$*(!&4)'$#&%:)'((\1#$:&*U(((c($:G:((2&((61&3$):/(0%3G:(%)(.&(3$3$(%*3*"2$:5(0%:1J"(9)25(.:15*%5(6G%5(%)(
.)%5(#$*(0%:G*('$(<$1:*&1)'(@&%&1$'/(3$(.5J%:1&9&(2$35(&(,"*&U(F&)%5=*/(0%:1&$4$(.$()%*:$:&(%J$($,):(3&(.5(9&$(
?*(3)(3&(.5(.&(.6&'&(6&(3$6(?*(6&(2*%7*(:*#6(2&(6$:1)((=*'&/(>**%235(%)(61*#*.&(("12*%(.31*.(2&(>"'".*1&($($6&*U(
<).)1)'(')*(3&'(#$*(15)(&(35(6'&$35()1&3B&$('$(3&(.6)%($'7**(?*('&(25(31&=$1&/(0#*(,*%&(.5()1')(3G%2(0'(,52(3)#(
1*2*35(2*%()#&1*(?*(>$3&("(#):15(3$(2&(6"13(.3".('$(#&=$:U(F&(3&(%)J*(6)*(%*7&'(6&(3B*%&="**(:5*(6&(&'W(C"$:&J"(
.5(61*3&$65(35(61*&:&%)'($2&,51$:('$(b(%&,"*&(.&(3)%"$?:&(?*J"(.5($>'&(3)*(0*(2$:"1&$=5()%(>$,"1U(K)J*(.)6"1:(
6&(2&J$'2&J5?:*$(3$1&(>$3(,$')1*(?*(%)(*$)(')31)1*'&($?$(3)#(.)%:U
S((A5(((2)3(((&)(((.5JL(((61","3((('$((("(((2*.3)7*&((('5#)1*:"$1&/(>5452)*&?:&(Q"'>/(3)("3B*(.3'*6*:"1*U(Z"1(
#&14&(?*(95*&7**(3)(%"*(.5J*(6",&.:&$.35(3&('&(>$3(3B*%&=**(?*(%&41":&**(*%2*,*=*'"1(6&(3$1&(%)J*(0%4B*:U(C&%:1)(
0%3&6):/(0'(6)%&#(6&(\'9&1:(.5J*(.)>'&(%*7&'(0%(4)15D
0%."7*7*(2&(A*3)7)'/(\'9&1:(?*(@1&4"1/(Q"'>(?*(C"1:$(65?&.3(3)(%$.)'(0%(,G%:(61*%(*#&%.$(B$'5($(\1.&%$')')*/(
0%7&.$:5(3)(6*&g(2&($1:*'&1*&(41&$U(F&J$(')%4)'(6&1&7*'"1(.)%:(0%?*1$:&(3)(41*T$
3)(:&,)&($7*%:*:&(.61&(0%5'7*#*/('$J1(#(#*T'"3(.:$)(9$:&1**'&(:)%)1*J(Xb!!!G!!!!!!!!3)(7&,*(+<I1:&((?*((41"$.&U
4
(((%B((((0'(f)V%=&((?&>)'(\1.&%$')')*(2&(3$#6$%*&/(6"1&3'*:(<1$3*(WJ/:(((*$2&('$V9*1")'(.5)/(3)()%($&1($):"1*:$1U(
C&(3B*6(*(.&
3I < $
p: & ("V(V&X61&.*&((.&$35/((2&((-&11&%,"'^U((((((((b
3*:&?:&(g(gUW(0%:1&$95(&'7(0%3&13G%2(.$(6$1$(.&,&1/(2$1(>515
.)33&.U(((((((((_!3g$(3&J$#($)=*:(%)J*(2&3G:()%(=,"%U(<)#(35(>)=*(((.5(((&,$3)&=*((((:"$:&((((6"1351**'&((($.:&$D(
2&.3B*2&(((Q"'>(%,&1.$7*$/(.)>'G%2(>)#)'(6&('G%45()1&3B&$(.&:)')*(2&($1.&%$'U(+$)(%J$#(_V0%7&'&.(&)(9*%&W
f)%=&(0?*(:1&3&("(#G%5(2"'">$%5(6&.:&(3$6)'(.5)(3B&'(?*JL(%1*,&.:&((6&((Q"'>(3)(("3B*(2&((3G*%&(95:):U(?!!!bb(
E$(:&()*:5/(>$3&(&'(>)1*".U(K*3*(:)/(%*3*(C"1:$(%)J#*(6):&7*(6"1)%3*U((\*3*/(:":)'(U0#*(($6$17*%&U(((;54$7*(('$((3$6D
C"1:$(9$:&(2*%((6$'#&(?*(.&(>1G%4&(0%:1J)%(B"B":(2&(1G.U
S((8$.J"(9$':5/(#G*(6$1:(0%3B*6)*:D(K*3*("(.3B*T5(2*%(>*&151*$($.:$(%)J*($(:$/(%*3*(#53$1(7*%:&'&(2*%(3*=#&U(y*(
'&J$J#61)#):$:(\1#$:$U(Y)(0%.)7*(0*($6$17**U(`'("$1&(3*%&J*(\1#$:$W(F$35(,1&*(.5(?:**/(\1#$:$((.)%:&#((%"*D
S((H(((.5(((,5(((1$6"1:&=((('$(((<$1:*&1)'(((@&%&1$'(($'(((<"16)')*/($#&%*%75(>)1*".(f)%=&U(j+&(1*2*35(4G>G*%2(2&(
6&(.3$)%Uk(Z"#(,&2&$($:)%3*(3&J$1&(2&(.6).(?&>)'(5'$(#$1&(2&('$(*%:&%2&%75U(c()%(2)1D((F)1(3$(("7&')'(
f1)66D
S((K"*(((0*(((.3)*65#(((.&#*%7&J%(((65'51*&/(((1G%T&?:&(((Q"'>(((3)(.)6&1*"1*:$:&/(0#6*%4G%2)JL(3)(2&4&:)'(0%(
6*&6:(6&(f)%=&U(H(.5(i(>$3*(&X$3:(3&J7*((.6)%&#((%"*U(((\':>&'/((.&((,$(('5.$((3)(%&3$=)1*D
S((C)%&(("2$:5((3G*%**((6&((&'/((61"6)%&(A*3)7)'(3)(15):$:&U(@1&4"1(2&.>5?"$15((6&((#$.5((%*?:&((.3B*7&(
$#6'&U
S((I*:&(3&(61"6)%&#(%"*/(2&3'$15(&'(3)($&1)'()%)*($,"3$:U
S((\?$(3&,$(%)($2#*:/(>$3&(f)%=&(3)(,"3&$(.$(6'G%451&$75U(U(<$2&(0%$6"*((6&((.3$)%/((6)7*%((3$#(
2&=)#>'$:U
S((KJ$*(3&(.5(%)($2#*7*/(:)%5(C"1:$U(]$3*(3&J7*(.6)%&#(%"*D(Y"$:&(T&4)1*'&($.:&$(2&(:)%)1*(.5(2*.6$15D(
C1*,&?:&(3&13&:5:"1(61*%(>&1&.:1&'&(0%4).:&(?*JL(=51&?:&(6&(<1$*(2&(8&#%/(?&>)'(&3B*6&*(2&(#)%3*:"1*($(')*(
f)%=&U((<1$*(2&(8&#%($(*.65?*:(6$:1)($%*('$(Y"14$)(6&%:1)(%&4'*T&%75(0%(#G%)*1&$($1#&'"1(2&(>"3U(0#61&)%5(
3)()%($#*3(2&('$(`3"$'$(2&(.)9">*7&1*/($(*%:1$:(.5(2&$(J'",*:)1$(0%(I1&.2&%&1(;$%^(2*%(;*&'>&'2:U((\,&$(>*&3$1&(
3G:&()%(6*.:"'(0%(#$%5U(F$1/(0%('"3(.5(2&$('",*:)1$/(.J$)($'&.(3)(6$:1)($%*(2&(C)?351*&/(3)(2&41$2$1&$('$(
.:$:):)'(2&(3515)?*(?*(3)(#&%7*)%&$(~%&2&#%(2&(($((#$*(6)1:$((,1&"2$:5(($1#&_U
E$(,*%"J%3"$/(6G1%5*$?)'&/(6"1)%3&?:&(C"1:$/(>53G%2)J*()%(.&#%((#$*&.:)".((')*((<1$*(2&(((8&#%U
UOOL
S(((K)(:$3&(6&(41"=$,)'/(:51G:)15/(&X6'"2&$=5(')1*".(<1$*(8&#%U(!5#G%&(6&('"3/(15.315351$:(".:&%:$:*,/(?*(
C"1:$(&(%&,(Jg(.5((*$.5(('$((&'U00000000000000000000000000000000000000000000000000000000000000000000000000000000H':
S((E$((($.3)':5/(((7&.:".)'&/(((0%3&6&(((C"1:$U(((Z1&#(((95%3*(((2&J')%4)'(=*2)1*'"1(?*(*":(:$3G#)'/(1&6&:/(:":)'(.5(
>*&(0%(6&1>&3:5(1&4)'5(6G%5(.G#95:5('$("1$(2"*?6&(>*XU(j]$3&("(6$)=5($1:*.:*35(0%$*%:&((2&(($((3"%:*%)$/($61"$6&(
."'&#%/((6&(()%(*"%($2G%3(p($#&%*%75:"1Uk((8$(("1$(($*$((.".&.3((.6&3:$:"1**/((?*(((%J"((.5((>*&("($2)%5:)15((61&$(
'*%*?:*:5U
S((Y&J$*(7*3%*:W(>$3&(<1$*(2&(8&#%/(.3)*6G%2(3)(2*.61&7(%&(6"2&$)$(*#$3)'$:5(2&(9&:"%U(\=*(&(#*&13)1*U(
K)#515(6&(2&4&:&(+)%:((%)#$*((:1&*((=*'&((6G%5(_.G#95:5D
S((+"3":&?:&(((?*(((%"67*'&/(((0%(((:":$'(((>$3((?$.&/(((.6)%&(((C"1:$U(H1*3&J$1(((>*/(((:1&9)*&(((31&$:&(((3"%2*7**'&(
6&%:1)(((.6&3:$:"1*(((6G%5(.G#95:5('$(61G%=/(3G%2(,$($,&$('"3(3&'(#$*(#$1&(#&3*(2&(9"X(2*%(((*.:"1*&/(((0%(((3$=(
3"%:1$1/(((:&(((,&*(((:1&=*/(((3G:((($*(((=*3&(((6&?:&/(.3"1#"%*%2(((2)65(((#*%&((0%((P7$1$(((%*#5%)*_U(((\.:$J*(3&,$(
#$*(61*#&T2*".(2&3G:(.5(:&($>'*J%(:1&$95(3)("(615652*:5(2&(#5:)15(1).&$.35/(($?$((3)#((>$3*(($3)#U
S(((f)%=&(3&(=*3&W(0%:1&$95(<1$*(2&(8&#%(61&3$):/(35):G%2(3)((61*,*1&$(((.61&((#*3)'(9*1")(2*%(3$1&((15=9$:(
4'$.)1*U((C*)*:)'/(?&>)')*(((2&((($1.&%$'(((f)%=&(((&((($3"6&1*:(((2&((()1'&:)'(((3$="%((($'(#&3$%*3)')*J?&>(Q"'>U
S(((<)*(0*(6$.5(3&(=*3&W(15.6)%2&(C"1:$U(F&.3B*2&(4)1$(3G:("(?)15/(,51.G%2()%(6":"6(2&(*%,&3:*,&(."'257&?:*(
$.)61$(3&')*'$':h(;5*('&#%$1(0#6)7*:/(>5(3&J7*(.6)%D(\2)%5J7*(?'&$B:$(35353*"$.5(2&(B$'*:"1*((2&((,$1=5/(
45.&?:&((%*?:&((.3)'&(?*((6)%&7*J,5(6&(:1&$95D(cX&3):$1&$(#$*(1&6&2&/(6G%5(%)J#*(6*&12(3)#65:)'(?*(#5(>$3($'
21$3)')*D
S(((+&(6$1&(35(%)JL(3)%"?:*(6&(-&11(f)%=&/($,&1:*=&$=5(<1$*(2&(8&#%U(\1(:1&9)*(.5(?:**(35($1&(6*'&(S(6*'&($'(
%$*9**(2&(#$1*U(A)':(#$*(.).J6).&(2&3G:("(.5($T)%4*(:)(,1&"2$:5D(C&%:1)(f)%=&/(&(>'"$1&('$()1&3B&(.5(
.:1*,&$.35()%(H9&14&>1&*:&1(3$(:*%&U(\?$(*J$(>53):()%)*(H9&1.:(3$1&($(,&%*:(0%3"$3&/(0%3&13G%2(.5(%&(.3)*6&J%(
9&1&D
S(((\T)%4&D(((*J"(((:$*&(((C"1:$((>)1*".U(\':#*%:&1*/(("((.5(($>'*((:)((3&((6*'&(($#(((UbU
A&3$%*3)'J?&>(Q"'>(*&.&(2&4$T$:U(2*%(B$'$(\1.&%$')')*(.$,)1G%2(="1%5*:)'(6*%:&%*'"1(.5*(%&1&4)'$#&%:$1*/(0?*(
1*2*35(6*3*"1)'(3$()%(3"3"?(2&(')6:5(?*J'(:1G%:&?:&(.&3/($.:>&'(0%3G:(&3")'(15.)%5(61*%:1&(6*'"%**(2&("7&'(3$1&(
.).7*%($3"6&1*?)'(*#&%.U(C&.:&(:":(.&($>'5(:)%)1*/(,"6.*:&(0%(3)'"1*(2&(3$#)>'$T/(,&12&(?*(91)%/(:1$3:"$1&(2&(
$1:*'&1*&/(3$#*"$%&(%")J%")7&/(:1$%.6"1:"$1&(2&(#)%*7*&/(,&B*3)'&(6&(?&%*'&(?*(?&%*'&'&(S(:"$:&($?&=$:&(0%(
?*1)1*(')%4*/(6&1>&3:($'*%*$:&U
cX&3):5(&)D
"12*%&'&((#&'&U
OOO
Q"'>(.3)*65(3)(2*.61&7(6&()%(:)%($%:*$&1*$%(2&(ee(##(?*J?*(i(2&()%(:1$9)3(91$=*'*$%(3G:(:"$:&(=*'&'&/(
.35651G%2(3B*91*:)'
2>)%((*%2*3$:"1((6&((3$1&((.31*&h
]IA\YI8((+Y!E<Y(((EKYc!mE+(S(8$(3&(3$.35(4)1$(.')4"*)'(2&(3"'"W(0%:1&$95(&'/($15:G%2)JL
3)(9$.:"%)'(.5)(&'&4$%:(2&(">*7&1(&%4'&=(6&(<1$*(2&(8&#%U(KJ$1&
$':5(:1&$95W
bb(4((.:)6*2/($:G:$V(:":D(((C1".:((3$((%"$6:&$D(((.6)%&(((C"1:$U
f)%=&(0?*(>$3&($6$1*7*$(2*%(#*3)'(.5)(9*1")/(6*3*"$1&'&(.3G17G*%2)J*(3$("(>$91*35(2&(B$#)1*(?*(%52)?*%2(2&(
>)1*&U
bb(<51$7*J,5(2*%(B$%4$1)'(#&)D(6*)*&(&'(*.:&1*3/(3G:(6&(3&(.5J*
3$25(61":&=$(2*%(4)15U
S((`:**/(31&2(3J$*(>$3&(#$*(9*%&(.5(&X&3)7*(3&(7*(.&("12"%5/(0'($:&%7*"%&$=5(((C"1:$(((6&((((f)%=&/(((.>1&2&'*%2)J
L(((3)(((61*,*1&$U(-$12)4B*$($.:$(,$(:1&9)*(.5(>*&(3)157$:5(3$("(4$)15(3B*)1&:$:G(2&(:G1>5(0%((=*)$((<153*)%)')*/(
$2$)45((&'((($#&%*%75:"1U
S((F$1UUU/(((2$1(((.:$7*(((%*7&'/(((.&(((:G%4)*&(((f)%=&(((%&>&1*3*:/(3'5%75%*%2(2*%(2*%7**(')*(>$'?*U(F"$1(%)(6":('5.$(
:)%)1*'&($.:&$(3)#(.&(%*#&1&?:&D(\*(*2&&(3G:(6'5:&?:&(6"6"1)'(4&1#$%(6&%:1)()%)'(.*%4)1(2*%:1&(&'&W(+)%:(
,$'"1"$.&D(`*(,"1(>*(%&3&.$1&(3G%2(,$(0%3&6&(A$1&$(H>&%.*,5/(2&.61&(3$1&(.&(,"19&?:&(2&T$('$(<$1:*&1)'(
@&%&1$'((($'(((]**B1&1)')*U(((`*((($6"*/(((%)J.(((:)%)1*'&(((#&'&/((3*((($'&
\1#$:&*(($((NJ$((C$%=&1U
S((c*(((9*%&/((($:)%3*(((:":)'(((&J%(((1&4)'5/(((:)%5(((.$:*.>53):(#&3$%*3)'J?&>(Q"'>U(K"*(.)%:&#(\1#$:$($(NJ$(
C$%=&1U(K"*(?*
%)#$*((%"*D0000000000000G
S((<)#($2*35W(0%4$*#G(f)%=&()')*:/(B"'9G%2)J.&(3)(4)1$(35.3$:5(3G%2('$(C"1:$/(3G%2('$(Q"'>U((<&*(2"*(
$1$:5(3$(%*?:&($2&,51$7*(61).$3*/(=,G3%*%2(2*%(4&%)%3B*(3$(2"*(]&'2#$1.3B$''*U
S((\#(.6).(35(%"*(.)%:&#(\1#$:$($(NJ$(C$%=&1D(>$3&(Q"'>(3)()%(.)1G.(.)6&1*"1/(j0*(>'):)15(')*(f)%=&(6&('$(
%$.(3$1%&7&')'(.5)Uk(F)65(3)#(,&=*/(.31*&((%&41)(6&($'9(35($6$17*%&#(2&(N(C$%=&1U(\?$(35/(9*%&J$*(.6)./(
>*&151*$($.:$(%&($6$17*%&/(?*(%"*(,1&#((.J"((.3"$:&#((2&J$*3*/((95*((#$4$=*"%&1((615652*:((3&((&?:*D
`*(2$35(%)(:&(#*?:*(.61*%:&%&'/(3"%:*%)5(C"1:$(:1*)#>5:"1/(,&*(>$3&(3)%"?:*%75(3)(3B*%&=**(#&3$%*3)')*J?&>(
Q"'>/(351"1$('&J$1(CV$3&$(2&(#*%)%&(.5(.&(T"$3&(3)(2J$'2&(:*%&/(3&&$(3&(%)(7*J$1(3"%,&%*U
A5($#&%*%7*W(0%:1&$95(f)%=&/(>53G%2("()':*#5(0%3&13$1&(V.6&1$:5(g2&(($J?*(((*#6)%&(($):"1*:$:&$U
U(F$V(1&6&2&(#$*(61*3&6*/(1G%T&?:&(C"1:$U(H$#&%**(3$1&(.&(&4(3)(6*3*"$1&'&(2&?)1)9$:&/($?$(3$(:*%&/(0?*(6*&12(2&(
"9*3&*(?*(,$(2*%(4'$4"1*&U(8*(.&(.3)14&(61*%(45)1*'&(2*%(3"$6.&D
DD*
S(((')%)1*'&($'&$(15#G%('$('"3)'('"1/(.6)%&(.&,&1(f)%=&((%!H!6'&.%&?:&((((3)((((&3B&1)'((()%)'(((2*%((((6*3*"$1&'&(
.$'&(((($1:*>*3*$'gV(61"61*&:$:&($(\1#$:&*Uk(`*(9$45('$(3$6(3&J7*(.6)%/(H9&14&>1&*:&V(C"1:$U(8$(#*%&J%(#$4$=*&(
.5(%)(,**(3)(>*4)1*(2*%($.:&$/()_!#*%:&(((.5((.)%:(()%((>)%37*"%$1(($'((\1#$:&*/((?*((%)(()%((.*#6')(652)3B&(3$(
:*%&/(6&(3$1&(.5(.&(6*?&("1*3&(3G*%&(>515(3565:G*D(j0?*(6"3%&?:&(#G%21)(&6"'&7**(.5*(0%4)?:*(2&(3)'"$1&(,&12&Uk(
`T(&)(.)%:(()%((>&'(2&((">*7&1D
S((+>G%:5(\4%&.D(1G%T&?:&(C"1:$(#$'*7*".U(A*J&(#$*()?"1(.5('&(,*%(2&(B$3(:*6*'"1(2&(:&$6$(:$(2&3G:(.5(.#)'4(
)%(>*1(2&(651(2*%(3)1)'(()%&*(,$3*((1).&?:*(6$1$'*:*3&D
S((\?$(3&,$(%)J70(6&1#*:/(B5)'&?:&(*%.)':$:(f)%=&U(A*&(.5(#*(:&(($21&.&=*((3)#((.&((3),*%&D
S((Y1&9)*&(.5(0%7&'&4*(35(:)%)1*'&($'&$(&(#).$*(.5(>*&(.3"$.&/(0%3&$135(((Q"'>((("((($61"6*&1&(((2*6'"#$:*35U(
j!$2*$=5(((2&(((>$'.5($#$9*'*:$:&Uk(]**(95*$:(1&="%$9*'/(;&1%:U(8$.5(9$':5(.6"*$'$(:$(2&(6&1."$%5(">*3*$'5(?*(
1&,*%"('$(%"1#$'D(C)%&#('$(3$'&()%(#&3*(2&(9"X(3)#(%)(.J$(#$*(6"#&%*:U(H$#&%**($)(6'5:*:('"3)1*'&U(F"$1(
%)('&(6):&#(3&1&(.5(.:&$(3"3"7$7*(0%(&3B*'*91)(6&("(7&$,$(2&(:)%/(%)J*($?$W(F$3J$1(.:$(3"'"(.)./($1($15:$(3$()%(
.:"'(2&(,159**(4)1&?&(3$1&(61*,&.3(3)#(1&4)'&$=5()%(6$6$4$'("('$#5(35'5:"$1&D
S((K)(&(,"19$(35(%J$?(>*(&)()%("#(2&(0%7&'&./(6*)*&(f)%=&(2&=)#>'$:/(2$1(%J"(.5(#&$145D(F&(0%2$:5(3&(,"#(
.3"$:&(61*#)'(:)%/(.6*"%$T)'(1).&.3(,$($>'$(:":)'(2&.61&(3&&$(3&(.&(6&:1&3&($*3*U(`*(((6&(((3*%&((3$2&(
#5451&$7$W((C&(((#*%&/(((?&>)'(((\1.&%$')')*((2&(3$#6$%*&/(f)%=&D((c)(,"*(>*(3&'(2).(0%(>$7$(<)17**(A$17*$'&(?*(
6"$:&(3B*$1(0#6)?3$:/(3*%&(?:*&W(F"$1(%)(,1&7*(.5(.&J%:G#6'&()%$(3$(($.:$WD
S((K)(.)%:&#(2*%(3$'&J$>$1G(2&(0%41*T"1$7*(0%(3&(:&(61*,&?:&/(15.6)%2&(((C"1:$((("91$=%*3U(((Z1&#((2"$1((.5(
2*.6$15((3$'$9$'G3)'(2&J$*3*/((35(.5(%&((6):&#((61&45:*((#&3*)'U
S((AJ$#(.5:)1$:(2&J$:5:$(4$14$15D()1'5(Q"'>/(3)61*%.(.)9*:(2&(>)1*&U(<"3*%$(:1&9)*&(4"'*:5/(3$(.5(%&(6):&#(
,&2&$(2&(:1&$95U(j+)>'5()%(%"1(41".(2&(>)#(2&(:1$9)3(0%(%$.)'(')*(f)%=&/(3$1&(:)?&?:&(0%(.&#%(2&(61":&.:Uk(
\=,G1'&(:)%)1*'&($>$15()%$J2")5/(2$35(%)(,1&*(.5J7*(:$*()1&3B*'&(?*(.5J7*(,G1(6&(4G:(7)1'"$*&'&(:$'&(3"%:1$>53):&D
i( (S (Y1&9)*&(.5(#5(0%7&'&4*/(>$3&(f)%=&/(4$:$(.5(6'G%45/(>1G%4G%2)J?*(#G*%*'&(6&(&3B&1U(<&J$*(.6)%&(:)(
\ \

2$35($?(,&%*(?*(7*J$?(3&1&(.5J7*(#)7*(:"$:&(3$#*"$%&'&W
S((K*#*3/(1G%T&?:&(Q"'>U(A*J$?(6)%&(3B*%&=**(.5(:$*&('$(:*%&(3G:((0*(((7*%(((3)1&'&'&U(((`*((($>'5(((35(((%)(
"9".&.3((61&$(((1&6&2&D
S((I*:&/(,&=*D((&X3'$#5(f)%=&(,*3:"1*".U((c)($2"6:($3&&$?*($:*:)2*%&/(3B*$1(2$35(%J$#(3B*%&=*U(Y)%)1*'&(
15#G%('$($256&.:(0%(B$'5U(()%2&J*(().3$:((?*((9*%&U
/((((~1"$:&(%$.)'($>$15/("#)'&/(.:1*45(Q"'>/(6*&1=$%2)J?*(S('$(+n~(i(($4*:G((%&1,".((61*%(($&1(9$.:"%)'(.5)(
&%4'&=&.3Uk(g92$1&$U(H(2&?&1:)'((@"9*/(()%2&(($6$J*((3&,$((3&(.&(3)%"$?:&(\>$1Gl*(3$_(((((&.:*:&((\>)1*.*:)'(5.:$(2&(
."$1&(9"'?&,*3(.:15')3&?:&(#__dL(((((5(((.J$1(((31&2&(((2&$.)61$((()%&*(((751*(((3$6*:$'*.:&(+,!!!Cg>,"':$:&(((K)('&(.:1*35(
:)%)1*'"1(:$'&(6)7*%($&1(61"$.65:U(.''61$2&=,((((0%2)1&1$:($'(')*(f)%=&(0%3&6&(.5(.&(>"1#&=&("(6G3'G(2&$.5((3&(6$1&(.5(
.&($2)%&(0%:1J)%(%"2(0%(2".)'(>1)%7**U(:":(#$*((((g(?*V7*65/(2$1(%)J*($T):5('$(%*#*3U(\6"*(.&J$6)35(.5J?*(.3$(7&$.:$(
2&()%(:)9(2&("9)=/(3$1&(.&('&$45%5/($:G1%$:(2&(ÉG((\.:$J'(#$*(:1&=&?:&(6)7*%(?*(.&(6"1%&?:&(.5(.:1*4&("12*%&
%
SE%,*:$7**(.&(,"1($?&=$($*3*/(B":515?:&(C"1:$(3)("(,"3&(15.)%5:"$1&($15:G%2(.61&('"3)'("3)6$:(2&(:1&*=&3*(?*(
3*%3*(2&(9$:&1**(41&'&($%:*:$%3U(-$*/(2$7*J*(="1D(.:1*45(&'(35:1&()%(41)6(2&(."'2$7*(2&(3"1,"$25/(3$1&(.:$)(6&()%(
$>&:(2&(:)%(9G%2(9&1&/(3$(?.(3)#(%*#*3(2*%(3&(.&J%:G#6'5(0%(T)1(%)J*(61*,&?:&U
S((+3"$:&7*(3$:1$>).&'&($.:&$(#*'*:$1&(2&J$*3*D(85.$7*(.5(*%:1&(3*,*'*=$7*$D((]$3&7*('"3(<)':)1**(\6).&%&/(2)65(
3)#($(.6).(?*(751$%)'(1).(3G%2(&'*9&1$:"1**((*J$)($1.(3$.$D
S((K)(:)(3"#$%=*(6&J$*3*/(.6)%&()%(#)%3*:"1/($*2"#$()%&*(4"1*'&(.)61$2*#&%.*"%$:&/((3)(()%((3$6(#)':(61&$(
#$1&((6&%:1)(:1)6)'(.5)U(K*#*3(%)(.&(,$(3'*%:*(2*%('"3U((\.:$J*()%(B$%4$1(6&%:1)(:)%)1*/(?*(3&J*(0%5)%:1)/($3"'"(
15#G%&(3G:5(,1&#&(%J$,&#("12*%(.31*./((?:$#6*'$:/(0%((6$:1)((&X&#6'$1&U
S((A$*35(((C1&3*.:5/(((3&(((9$=$3"%**(((%&((($)2((()1&3B*'&D((()1'5(A*3)7)'U((H#)'(5.:$(&((7*3%*:U(((\1&(6&.&#%&(
"(31*=5($3):5(2&(3"#6'&X(2&(.)6&1*"1*:$:&U(E$(.5J*(9$4(&)(3&,$(0%,575:)15(2&(#*%:&(0%(95.5%5)'((.5)((%&#7&.3D
S((+:$*((%*7&'/(>$3&((C"1:$/(($457G%2)JL((6&((A*3)7)'/((3$1&((.&(0%21&$6:5(2&T$(35:1&V*%.)'(3)(61*3*%$U(;5?*%"?**(
5?:*$(0%35(%J$)($>'$:(35((#*&(()%)*$((%)J#*((6'$3((3"#6'*3$7**'&U(((C1&>&1(3$'&$(($(21&$6:5U
U(rb(s.:$J*(B$%4$1(6&%:1)(:)%)1*/(.6)%&("#)'J4"1*'5(3)(0%35657G%$1&/(%)()%('"3?"1(2&(T"$35(6&%:1)(.6"1:*,*(
*2*"7*D(Z1&7*(vd(,5(9$:&7*/(#&14&7*(?*(:1$4&7*J,5(3G:&,$(0%(9519*&(6&(4)%"*)'(2&
rr(K*3*()%(#)%3*:"1(6):)1".(%)J#*g(,"19&?:&(#*&($?$(>515(.J"J%3$.&=&/(.6)#&45(.5'9$:*3(A*3)7)'/(0*(1&6&2&(
*%2*,*2)')*()%(C*3*"1(0%(9)1:5(3$1&JL(>1G%4&(0%(2")5/($6"*(0'(0%?>$35(2&(651(?*J*(C"3%&?:&(>$7$(2&("(1&#"135(2&(
>*&1U
3((((AJ(((($(g&(3"1,"$25(.&(6)%&(0%(#*?3$1&U(A$*(3)(.&$#5(2)65(A*3)7)'(((LJ$((($1)%3$:((6&((0%35((()%)'((3)((3$6)'(
0%$*%:&((61*%(1&$.:15/(0%:1J"((415#$25((2&((95'&4$1(9G=G*:((2&(((#)?:&U
_#&'&(:)%)1*(0%3&6(.5(.&(1".:"4"'&$.35($>$15/(0%($&1('*9&1UV
DD+
f)%=&(($'&$145(0%((3&13/((61&3)#(("((45*%5((.6&1*$:5
S(]*7*(($:&%7*((3)($'&$D(((]*7*(($:&%7*(3)($'&$D((9"'9"1".&$
!!%;%<0000000"=>?>>@<>A=BC%%%%%DE<D;%FG>%HBIE%%%%%J;%%%%%E>%E>%>%E>%%%%%?>%%%%%%;%!!%%%%%/%!"#$%"%&'(KLDMDN%<%)*((((((O%N%%%>%PH0000000000000000Q%R

,%'^)')*((4&1#$%(,)
2&((.&((,$((3$3$((6&(&'U
$4*:$:U(\'*%*$7*J'&(>1)#".(0%(?*1)1*(?*(%)($#&.:&3$7*($':#*%:&1*(%J"(.5(>*#(%*3*"2$:5(0%(.:$1&(.5('&($'&4&#(2*%V<V
X.8
<G%2()%(:)%(2&(L{v(##(3)(7&$,$(')%45($')%&35(0%(1G)'(-_($61"6*&1&U(f)%=&(.&(6159)?&?:&(2*.6&1$:(6&()%(
#"1#$%(+!"9)=&U00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000002&
S(((K)(((6)%&((('$(((*%*#5/((0'((('*%*?:&?:&(((C"1:$/(0%:*%=G%2)J.$%2,*3*(3)(3G1%$7*U(<&(#$*(&()%(:)%(0%(=*)$(2&(
$=*W(H1*3)#(6*&12&(((15=9"*)'U
0%()1#5:"$1&'&(:1&*(=*'&/(2*%(#$1&$(B$'5(%)(15=9$:&(2&3G:(,$3$1#)'(3*"3$%&'"1(?*($'(>&15.:1$*&'"1U(F*%(3G%2(0%(
3G%2(<"#*:&:)'(A&3*)')*(.&(0%:1)%&?:&('$(1&?&2*%7$(#&3$%*3)')*Jg(Q"'>/()%2&(.&(.&1,&.3(P#&1&(3&1&?:*_(?*(
615T*:)1*(T*25%&?:*/(3'5:*:&(3)(P?$#6$%*$(.51$3)')*_/($#&.:&3(2&(?'*9",*75(?*(9&1&U
S(((<*%&("(.5(>*&(3G?:*45:"1)'W(0%:1&$95(A*3)7)'/($1)%3G%2("(9)3$:5(((#$1&(2&((P#51(3&1&.3_((0%((4)1$V('$14(
2&.3B*.5U
S(((<G?:*45:"1)'/(((.&J%7&'&4&D(((15.6)%2&(((C"1:$/(((#&.:&3G%2(615T*:)15((T*25%&$.35U
S(((<)#($?$W(1G%T&?:&(A*3)7)'(?*1&:U(<G%2(F$,*2(?*(3)(#*%&(6)%&$#(('$((3$'&((#&3*)1*(((((6&%:1)(("9.&2$7**(
2&(.6"1:/(0%(-&a%(-"a&1.:1$..&/(?:*$#(3*%&(,$(>*(3G?:*45:"1)'(3)(#)':(0%$*%:&(2&J$(0%3&6&(((#&3*)'U
S(((Z$(.5(=*35/($.:$(,1&*(.5(?:**/(1G2&(C"1:$(,)'6&?:&U(Y":)J*()%.U(H$#&%**(#*=&$=5(6&(3*%&(:1&9)*&/($.:>&'(
0%3G:(3G?:*45:"1**(.5(>*#(%"*U((K&(,"#($'&4&(3J"(415#5T"$15(>1)#)?*35(2&(=)145'5*U
S(((`*(2$35((.)%:&#((61*%?*((3)((#G7$J%((.$3W((*%:&1,*%&(\'9&1:/(:1&#)1G%2(((2*%(((.61G%3&%&U
S(((KJ"(.5(%&(15#G%5($':3&,$(2&(>53):(2&3G:(.5("(:5*&#('$(1).%$3*(((3G:(((%&(((7*%(((6*3*"$1&'&U
S(((\*3*(%)(.)%:&#(B$'*:"1*(2&(9$%$%&($>1*3$%*/(1G%T&?:&(Q"'>U(\,&#(((?$.&((9)#953&'*((0%$*%:&$((3&'&*(
61*%3*6$'&/((95*&7$?/(?*bV%($.:&$(((?$.&(((#&3*)1*/(((#513)7&'&(((,"1(0%3&6&(((.5((3)145/(((0%(3$7:)(61*%3*6$'/((95:$*$(
2&(3$:&4"1*&(41&$(2*%:1&(3$#6*"%)'((1).(?*($'(%&$#7/(((*%:15#((0%(($37*)%&U
S(((`*/(9*%&0%7&'&./(@&1#$%*$(A$1&(,$(0%,*%4&/(2&3'$15(-&*2&U(3)("(.*4)1$%75(2&(.*%&(6$:1*":*35U(+)1G2&(3)(
=G#9&:)'(,*3:"1*&*J
S(((K)U(((%)/((($#*3&/(((:"3#$*(((6J$.:$(((%J"(((.J"(((>$35(((A$13$(@&1#$%*&/(1G%T&?:&(C"1:$/(0#6)%4G%2)JL(
3"%.6*1$:*,(3)(3":)'(V
3"$.:&((6&((#&3$%*3)'J?&>(Q"'>U(Y"7*((>1$*&1**(('&652$7*(%&#7"$*35(6'*%5(3)(.,$.:*3*(?*($':&(2*3B*.)1*(,"1(
.).7*%&
g(:$1
95:1$(g
:/0X
@&1#$%*&(0%(21)#)'(.61&(,*3:"1*&/(?*(:"7*(#$1$>&7**(6&(3$1&(6):&$($2)%$((.&(,"1(,51.$(0%((:$'&1)'(
0%415#52*:)')*(2&(%&$((('l
S(`*(((,"1((6*&12&(((:":/(((.:1*45(((Q"'>(&%:)=*$.#$:/((6&%:1)(I%:&1#&%.3B)'(((.",*&:*3(((0'(((,$(((9$:&((6&(
%"9*')'(((1&61&=&%:$%:

''I'(((4&*%*$)(((gg(((U_J((((Å_(((r~,[~(((gr((([UUU
i5(:&#&7*(35(,&7*($,&$(%&3$=)1*W(0%:1&$95(0%41*T"1$:
V3*(((6"#&%&$'5/(((15.6)%2&(((C"1:$/(((3)(("3B*((.:15')3*:"1*U(rrr(VVVV3$1&(,"1($,&$(%&3$=)1*(,"1(>*(:"'"#$3**(
3$1&J$)(7*%):(3)(+*%4)1_(((6((((5(3&(61*#&'&(?$.&(95:5*g(.&(,"1(>*(.>G1?*:/(,"1(:1$4&(%&$#7(((3B*":&(2&(,T3:"1*&(4&1#$%5/(
0%:1J$:G:$(,"1(>*(6*&12)7*(0%(AJ#)1$1&((0%3G:/((($:)%3*(((3G%2((,$((>*((.5J%3&$65((.6&3:$3"')'(($'(0?*(,"1($#$%&:$(
?*(*=#&%&'&(3$(.5(6"$:5(#*=$/(3"%,*%?*(3$
_g1%:0*((.)%:((2&(((%&{LL{oL_VLJ
LLo
(c%:)=*$.#$:/(Q"'>(0?*(1&6&2&(6)#%)'(0%(#$.5(3)($:G:$(>"175(0%3G:(P#&1&'&(3&1&?:*_(.&('&$45%5(0%(>$1>)1*&(?*(
)%(.:1"6(2&(4&#(0*(.$1&(6&(:1$9)3U
b(H(.5(:)19&=&/(>$3&(.)#91)(;5:1G%)'/(?*(6&()1#5(,"1(>*(61"9'&#&(S((3)((PC_(((#$1&D
S((CG%5($:)%3*((%&((,"#(>*(')$:(:5'65?*7$/(1G%T&?:&(\'9&1:U(bb(F&()%2&(?:*#(35(')6:5:"1**(%)(.&(0%7&'&4(0%:1&(&*(
3)#(.5
%&(:1$45(6&(%"*(0%(6*&6:W(.&(*%:&1&.&$=5(;$13&'"%$/(95%)*:"1(2*%(%$?:&1&U(<*%&,$('&J$1(6):&$(,*%2&(6"%:)'(35(
:1&$9$(&(1&%:$9*'5U
S((\*(21&6:$:&(0%:1)3G:,$/($2#*:&(C"1:$U(\#(>$3&(9*%&(.5(')5#(#5.)1*(0%(61*,*%7$($.:$/(3$(.5(>*#(.*4)1*(35(%&(
$>'5#(0%(T)#5:$:&$(6":1*,*:5U((F$1(3)#(("$1&W
S((<)?:*D((>$3&((A*3)7)'((3)(4)1$((6'*%5((2&((2)'3&$75U
S((<)?:*W(0%:1&$95((C"1:$((.&3U
S((<)?:*(6&%:1)(#$*#)7&/(1*2*3$:&(6G%5(.)9($3"6&1*?/(=9*$15(A*3)7)'/(1G%T*%2(3)(:"$:5(>$7$U(I!)%(:*6(0%("1$?/(
0%(C$'*#$/(3$1&(7*%&()%(#$4$=*%(2&($%*#$'&(?*(3$1&($1&("(#)'7*#&(2&(3B&.:**(2*%($.:&$U(((<B*$1(($3)#((($1&(
)%$(((.:1$?%*35/(((3)((("(((6$%:&15((%&$415(0%5)%:1)/("(9&.:*&(>*"1"$.5(3)("3B*(4$'9&%*U(F$3J"(*$('$(4"$%5/($1(
>$3&J"(?*(6&J"(35')451*75(1$9'$4*:5(.5(9$:5(1&3"12)'(#"%2*$'('$(,*:&=5U
]515(6$%:&1&/(61":&.:&$=5(%&1,".(;5:1G%)'U(c()%("12*%D( I(,1&$)((.5((?:*)((%*#*3((2&((6$%:&1&U
K

U(S(F&(3&(%)W(0%:1&$95(C"1:$(3$%2*2U(Y&J$*(6):&$(2*.:1$(2&(#*%)%&(3)(()%(($.&#&%&$((6*."*$?U
7(J(bb!Y&J$*(7*3%*:D(7*65(;$13&'"%$/(')G%2)J*(6$1:&$(;5:1G%)')*U(-V(2$*(.&$#$(3&(#5%G%35W
U(b6!H$#&%*/(1&3)%"$?:&(>&1*3*:(A*3)7)'U(<)%".3("(#)'7*#&(2&(*%2*,*=*(6&(3$1&(*J$?(2$(3)(6'53&1&()%&*(
6$%:&1&(%&41&(.5J*(%$*&$.35U
Tg(1r(O_&q(A0$/!43'(!'%,!30,),//,5!"9.&1,5(.&3(#*3)'('&4*"%$1U
0#9*%&(3)#6515#((3)?3$((>515(((6$%:&15U
0%$':((((((((<(JV(#?:&(3)?:V(C&%:1)(&X&3)7*&/(3$($*$(0%(3$1&(LJ$)
.>"1*L(JC&(J*V2$%)'(+)..w(&X6'*35(A*3)7)'U(Y*6)')*(*(.&('&$45("
3*35(2&(4G:/(&(.5':$:(3)(:":(3)(3)?35/(.&(2&.3B*2&(6"2&$)$(?*
DD9
OOn
Vt1:$U
ip*)'U().0%(.5('&
1*%4
)#)*((3$)&(6$)$(*g3($T)%4&(*$(3$65:)'(0)#&*U((\6"*(._(91).3/((3)((4G:)'((1)6:U
S(((K)(((,52U(3)#((($#(((6):&$(((>"'".*((($?$(((3&,$/((>$3W(((6/(4G%2*:"1U(((F"$1((%J"((.5J*((&X&3):5#((6&((9"X&1*
S(((<G:&"2$:5(&?:*(95:):(0%(3$6/(.:1*45b(%&*(KJ"1(.5($*95(%*3*("(>)%*&(0%(T)1)'(4G:)')*/(0*(1*3(3)?:*'&(($.:&$U((\.:>&'/(
%)((6"$:&(($T)%4&((%*#&1(,"19&$.35(?*(.5(%&((:1$45J%(6*&6:U((F&(0%2$:5(2&.3B*2&#(((6"2&$)$((3)?:*'"1/((3&*((2"*(
1$B$7*(?*J%3&6(((.5J?*(((3$1&(((6)#%*D
S((C$1&(35J*("(*2&&(9)%5/($2#*:&(C"1:$U(\1(>*("(%"):$:&(v(6)4*'*.#((S(((.5J7*((6*3&(((2*%(((3&1((2"*(((*%?*(((2&(
3$:&4"1*&((41&$
A&3$%*3)*J?&>(Q"'>(.3"$:&()%(:1$9)3(?*J?*(.3$6515(91*3B&:$(2*%($)1(3)()%(3'*%3B&:(61&7*".U(y*%&(:1$9)3)'(0%:1&(
2&4&:)'(#$1&(?*($15:5:"1)'(#G*%**(.:G%4*/(:154G%2L(3)(%&.$7(3G:&,$(>)#)1*/(6&(3$1&('&J(.)>'5(0%:1J)%(%"1(2&%.(
2&$.)61$(#&.&*U
S(((Z"#(3)#651$(3)?3$(3)(:":(3)(6$%:&15/(>$3&(&'(4G%2*:"1/(3)(3"%2*7*$(.5(#$*(6):&#(>$3&(1".:(2&(0%35("(3)?35/(0'(
9545#(6&(%&$#7((0%:1J)%$((?*((6&((I%:&1#&%.3B((0%((3&$'$':5U
lS(`*(3)(6$%:&1$(3&(>$3&#W(0%:1&$95(;5:1G%)'/(1&3$6*:)'G%2(1$6*2(0%(#*%:&(3G:&($':&($%*#$'&(#$*($,).&.&(6'):"%)'(
O(0%(3).:"2*&U
S(((<1&2((35(($#((6):&$((45.*((3&,$(?*(6&%:1)(&$/((1G2&(C"1:$/(.&1,*%2)J.&((3)((()%(((:1$9)3((2&J$'((')*((Q"'>(>515(((.5(
3&$15(,"*&U
S(((K)(,1&$)(.J"(,52(0%(:$%3/(>$3&(;5:1G%)'(B":51G:/(1&$'*=G%2(61&$(((:G1=*)((35((&(((:":)?*(((6&((3$'&(((.5(((3&2&=&U
S(((K*3*(%J$*(6):&$U(F"$1(2$35($*(.3"$:&(T)#5:$:&(2*%(:)1&'5/(B"B":&?:&(A*3)7)'U(\#(,5=):(2*B$%*$U(c(2"$1()%(6)*(
3$1&(%J$(0%,57$:(0%35(.5(#)?:&(3)#(:1&9)*&/(2$1(3G%2("(0%,57$/(.5(:&(7**/(15=9"*)'(((.&(((,$((0%3*%4&(((3G:(($*(((=*3&(
6&?:&U
YG1=*)/(("((6"1%*#((.61&((#$4$=*%)'((2&(($%*#$'&U
A*3)7)')*(*(.&('*6&?:&(2&(.)>'&:("(4"1*T5(95:1G%5/(3$1&(6"$:&(*#*:$(:":(>&')'(2&(1G.&:&(?*(3$1&(9&$(9&1&(3$()%("#(F$1(
61"61*&:$1)'(#$4$=*%)')*(%)(,1&$(.J"(,G%25U(H(3"%.*2&15(3$(6&()%(#&#91)($'(>$#*'*&*U000000000000000000000000000000000l
S(((8$(3&(=*3&7*(35(,5(:1&9)*&(3)?:**&W(0%:1&$95(.&3/(2)65((3&(.&(0%3B&*&($>$3&1&$(?*(0%3&6&#(.5(&($>$15U
S(((K&J$#((($6)3$:(((2&(((3"#&17)'(((3)(((.3'$,*/(((?"(3"%.6*1$:*,/((2$1(,&=*((.5((%)((#$*((.6)*((%*#5%)*U
S(((K)/(((=5)W((&X3'$#5((("#)'/(((B"'9G%2((("3B**U(((`
S(((<*)2$:($%*#$'/(&(2&(651&1&(C"1:$/(3&13&:G%3(6$%:&1$(((61*%:1&(((=591&'&'&(((3)?:**U(((\1&(((6*3*"$1&'&(((6L('$9&'&(
61&$(((#$1*U
JU"1*&:$1)'(/Vh(3)?:*'&
U(((6"1:$
C(0%35()%(6)*/(0*('5#)1&?:&(%&4).:"1)'(2&($%*#$'&/(%J$1&
2&3$:(6$1&(35(*J$1(6'53&$(.5J#*(B$'&$.35(#G%$/(.6)%&(C"1:$U
____%$6"*/(0%(3'*6$(0%(3$1&("('$95(#$1&(?*(9'5%"$.5/(3)(4B&$1&(+$1&JV:&(6)#%$'&((3)19$:&/((.&((*=9&?:&((0%((=591&'&U(<d(
bb(+5(%)(,5(.6&1*$7*(2&(&$/(>$3&(61"61*&:$1)'(651*%:&?:&U(c(2&(#)'7)#*:U(C)%&7*J*("(B$'35(2&(3$1%&(0%(>$75(?*(%)(#$*(
?:*&(D>t1**#*3J(T,>$*(&(0%35(6)7*%(.6&1*$:5(2&("$#&%*/(2$1($?:&6:$7*(#$*(,1&"(3G:&,$(')%*U((C$%:&1&'&((%&41&(.)%:(
1&%)#*:&(6&%:1)(__E9G:*3*$(3)(3$1&($:$35("1*3&('&(*&.&(0%(3$'&U(+)%:(#$*(6&1*3)'"$.&(2&3G:(=&3&(4&.:$6",*?:*(
0%$1#$7*((3)((#*:1$'*&1&U
C&V'$(#*&=)'(%"67**/(I#$%.^$*$(15.)%5(2&(7*6&:&(?*(2&()1'&:&(4):)1$'&U(<$6&:&(3)1*"$.&($6$1(6&('$()?*/(2$1(%)(
6&%:1)(#)':5(,1&#&U(<G%2($6$1&(A*3)7)'(3)(6$%:&1$(3$1&(.&(6'*#95(>)1*"$.5(0%(3)?35/()?*'&(.&(0%3B*2(*#&2*$:U
;'&.:&#G%2(?*()1'G%2(3G:(0'(7*%&(4)1$/(A*3)7)'(.$':5(3)?3$(?*J"(0#6*%4&(0%(9*1")'(')*(Zq"'>U(<$2&(3)(:"$:5(41&):$:&$(
6&.:&(#"9*'*&1(?*(6&.:&(:":(>&')'(2&(3):**(?*(.$3*U(0%(3&'&(2*%()1#5/(1&)?&?:&(.J"(2)35(0%:1J"(0%356&1&(2*%(.6$:&'&(
9*1")')*U(F&(6&()%(3G1'*4/(0%?>$35("(?)%35(0%:1&$45/(*J"(J.:1&3"$15(6$%:&1&*(61*%:1&(=591&'&/($6"*(:1G%:&?:&()?$(?*J"(
*5,"15?:&U
S((H(((#G75(((3$((($.:$(((&(((31*#5(((3)1$:5/(((&X3'$#5(((C"1:$(((3)($2#*1$7*&/(0%(:*#6(3&(9$%2$T&$=5(%&%)#51$:&'&(
=4G1*&:)1*($'&(A*3)7)')*U(`*(6G%5($3)#(%J$(>53):(2&3G:(.5(.&(T"$3&U(+5(:&(7**(3G%2("(>*(#$1&(?*("($>'$('$((3&(.)%:(
9)%&(4B&$1&'&(?*(3"'7**U
S(\8$.V(((35(((%*3*((($3)#(((%)(((&(((2&((('&652$:/(((>$3&(((A*3)7)'/(0%3&13G%2(.5J?*(2&.3B*25("3B*)'(6&(3$1&()':*#)'(
$:$3($'(6$%:&1&*(0'(*%>'$#$.&U
K)(%&(,$($2)3&(2&3G:(%&3$=)1*/(.6)%&(;5:1G%)'(.)#91)U(H9&1.:(-*%^$(0?*(,$(*&?*(2*%(6&6&%*(3G%2(,$($>'$(2&(&$U(
F&(3G%2($#($,):()1.)'(5'$[/(%&J$(*%:&1=*.(3$:&4"1*3(.5(#$*(7*%&#(,1&)%($%*#$'D0000000000000000000000V
0%$*%:&(2&($(6'&3$/(A*3)7)'(0*($1)%35(6$%:&1&*("(:1$*.:5(6'*%5(u_(3$1%&(:"3$:5U(;&.:*$(0'(61*,&?:&(3)(%*?:&("3B*(
4$'9&%*/($1=5:"1*U(t)$('$9&()1*$?&(0%?>$35((:1$*.:$(2*%((=9"1U((<"%7*%):)'(2*.6$1&(2V%:1J)%((B$6U
h(b(rr(A5*3)'*75D(((&X3'$#5((0%3G%:$:((A*3)7)'U((+:$*((.5(,&=*(3G%2(VJ~~%(2$((.5((B$'&$.35((("$#&%*D
.".&(t<v%$*(.&(9$:&(0%(3)*&()':*#$(.3G%2)15/(3G%2(0%3&6(.5(.6"17+3$(_)')3(.)6"1:&1**U(\:#".>&1$(&($%*#$:5U(\B:*$7**(2&(
4&1#(+&(3&$1:$(0%:1&(&*(?*(3)(3&*(351"V1$(6)7*%('&(6$.5U(C$:1*"7**(*%(/($/%V=9'$15(_-&*'D_(H$#&%**(2*%(!&%$%*$(>')*&15(2*%(
2&4&:&U(._'(>1$%7)=&.3U
iOOe
0%
H(()%*:$:&((2&(3"6"*[((.&((.:152)*&?:&(.5(65.:1&=&("12*(#)'7*#&/(>515($(6)1:$(0%.5(61","3$:"$1&'&('"1(35?:*(2&(
":Y(V%($)2(9)>%*:)1*(2&(9$.:"$%&(0%(3'*6$(0%(3$1&()%(I%:&1">>*g'/(V(/U(Y*1"'(0*(,G15(.)9(%$.()%)*(@&>1&*:&1J3"6"*(
)%(3G1%$:($3"6&Z(^&:3B)6(?*(3)(#)?:$1(*):&/(%)#*%2)JL(P6"13(45'54*".(2&(61)g(g(\3&.:(3$=$%(3'"3":*:"1(.&(
'*%*?:&?:&($9*$(3G%2(.)%5(J _!G!6&%:1)(((1&61*=$(((0%:G*((($(((61*#)')*(((#&3*/(('$(((3$1&(((6$1:*3*65($2,&1.$1*/()%(
y

9)'4$1(#*3(?*().3$:(?*()%(:*6(,G%".(?*(31G%3&%(2g(Q&.:>$'*$U(A&3*)'(.&(.>G1?&?:&(0%(1&61*=$($(2")$U(Q&.:>$'*$%'(
3G?:*45(61*%((^%"3^J"):(S((B":51G:(2*%$*%:&(2&(35:1&(C"1:$(((i(Q">>U(
`L

F)65(3&($(2")$(?*($(:1&*$(0%:G'%*1&(.&(:&1#*%5(2&($.&#&%&$(3)(,*3:"1**($'&(3)'"1*'"1(%$7*"%$'&/(.&(6$1&(35(
153%&:&'&(6$:1*":*3&(%)(#$*(3"%:&%&.3U(<G%2(3&'(2&J$'(6$:1)'&$(#&3.(0*(1&,*%&(@&1#$%*&*/(:"7*("(*$)(1$=%$(?*(
.&(6)%(6&(3G%:$:(PF&):.3B'$%2(F&):.3B'$%2/('*9&1($''&._(?*(PQ$3B:($#(_!B&*%_[[U(+&(0#9157*?&$=5(1&3*61"3/(
.:$)(0%(6"=*7*&(2&(21&67*/(.$'):5(?*()1'5h(P@&1#$%*$(6&%:1)(,&3*&D_U
S((<1&2((3J$?$(($((>".:((?*((3G%2((.J$)(0%:"1.(2*%((]1$%7$/(0%(LenL[[[/(.6)%&((;5:1G%)'U((F"$#%&/(0%2)15J:&(2&(
%"*/(.)%:(3)(:"7**(((%&9)%*(((2&(('&4$:D
<&'(2&J$'(3*%3*'&$(#&3*($1&('"3(0%:1&()%(41&3/(f"%.:$%:*%"(S(3$1&(&(3$#6*"%('$(3$:&4"1*$(#*T'"3*&(0%(.$:)'(
.5)(S(?*()%($).:1*$3(2*%(+$'=9)14/(6&(%)#&(!)2"'6B(S(3$1&(2)65(0%>57*?$1&
0?*((#&1*:5((."$1:$U
S((Z1&*(.5(.6)*("(1)453*)%&(6G%5(%)(:&(3)157W(0%:1&$95(41&3)'
3)(()%((1G%T&:((2153&.3U
S((+5(%)J*(6&1#*7*()%$(3$($.:$/(.3B&'5'5*&(H9&1=$B'#&*.:&1
+$)'((2&((('$(((<$1:*&1)'((@&%&1$'U
S((]GJL(61$>D(=9*$15(2*%()':*#)'(1G%2(4'"$:$(,G%5:"1*'"1(2&(#)%:&(((*:$'*&%*(((\'6*%"./((()*:G%2(((35(((41&3**(
.)%:(((2)?#$%**(('"1
2*%:":2&$)%$U
<)()%(154&:(2&($%*#$'/($).:1*$3)'(.&(1&6&2&('$(41&3(?*J*(0%>*4&(6)#%)'(.)9(3&%:)15U(H('",*:)15(T"$.5/(&X:1&#(
2&(6&1*3)'"$.$/(3$1&JL(6"$:&(.3"$:&(*#&2*$:(2*%(')6:5(6&J)%(T)35:"1J(@1&3)'(6$1&(35(%*3*(%J$(.*#7*:J"U(0'(
6"3%&?:&(6&(!)2"'6B(0%(>*4)15/(b:":(V(%&1&4)'$#&%:$1U(E%($3&'$?*(:*#6(0*(6)%&(6*&2*35/(2&:&1#*%G%2(
*%:&1,&%7*$($19*:1)')*/(3$1&(4&.:*3)'&$=5(>1&%&:*3U(@1&3)'(1&)?&?:&(.5J*(6'$.&=&(')*(!)2g"'6B("(.:G%45/("(
21&$6:5(?*J)%(31"?&)(0%$*%:$(3$($3&.:$(.5(.&(6)%5(2*%(%")(6&(6*3*"$1&U(A)'7*#&$(3&1
[(C"1&3'5((2$:5((3&'"1((2*%((C"'*7*$(((#*'*:$15U00000000000000000000000000000000000000000000U
___((PZ&4B&$7*((('$(((!*%_/(((3G%:&3(((6$:1*":*3(((4&1#$%/((3"#6).((0%(((Ñ+(UJ[[[(\')=*&('$(15=9"*)'(>1$%3"J61).$3(2*%(Len{SLenL/(0%3B&T$:(61*%(
,*3:"1*$(C1).*&*((?*((6*&12&1&$((2&((35:1&((]1$%7$(($((61",*%3**'"1(\'.$3*$(?*((8"1&%$(jVi(iJ
#
1&$(T"3)')*(?*($).:1*$3)'(3G?:*45(61*%(^%"3^J"):(0%(1&61*=$
$
(tC:+6&%:1)(($.:$((#&1*:5((.5((*&*((6$1:&(('$(()%((15=9"*((#"%2*$'/
bbb!!)'&(((7*65(\'9&1:U(+&($'5:)15(?*(&'()1'&:)')*($2#*1$:*,($'
1
%&%*`t (U(((V(TT=$:&(((0%(((3*)2$(((>$6:)')*(((35((%)J*(((6"$:&((.)>&1*/((2*%
4
DuI/(C&(($).:1*&3*U
C
(((8J(\?:&$6:5(((%)#$*(((6G%J"#((($T)%4&((('$(((1&61&=&%:$7*$(i(((*%$'5/((>$3&(((Q"'>/((($61*%=G%2)J?*((()%(
:1$9)3(((91$=*'*$%(((3)
$%'"1%9)>(.$)(("9*?%)*:U
0%(B$%4$1(.J$(0%4B&.)*:(2&(:1&*("1*(#$*(#)':5(')#&(2&3G:(i(3G6&$((0%(((#"2(((%"1#$'/(((2)65(((:"$:&(((3$'3)'&'&U(
\)((.".*:((2&(L(1&:):*%2&%*/(2&('$(#$1&(2*.:$%75/(?*(6&%:1)($3&$.:$($(>".:($1.(>"$1:&(#)':(3"#9).:*9*'/($:G:(2&(
61&7*".(0%(,1&#&((2&(15=9"*U(H$#&%**(((.J$)((3"3"7$:(((6G%5(((?*(((6&(((9G1%&'&(((2&(((.)9((($3"6&1*?/('&45%G%2)J
.&(3$(%*?:&(45*%*('$(61"7$6U(<"%:*%)5(.5(.".&$.35($'7**(?*($'7**U(<&*($,*=*(2&(6$1*)1*((.&(9)')3&.3(3'$*&(6&.:&(
415#$25(6&%:1)($(15=9$:&(.61&(#*3)7$(35#51)75(2&(9&:"%(0%(3$1&(C"1:$(?*(Q"'>($2)%5(#*=&'&U(C1*%(
2&.3B*=5:)1*(%)(.&(,52(2&3G:(#G*%*U(AG*%*(3$1&('&(0#6*%4(9$%*U(AG*%*(3$1&(0%?>$35(3B*:$%7&(2&(#*=5U(AG*%*(
2&(:"$:&(>"1#&'&(?*(#51*#*'&(S(2"'">$%&/(.)97*1*/(6$'*2&/(95:5:"1*:&((S/(#G*%*(((3)1$:&/(((#G*%*(((#)12$1&U
Y"$:&((61*,*1*'&((.)%:(($7*%:*:&(($.)61$((3&'"1(2")5(3)?:*(3$1&($:G1%5/('&45%G%2)J.&/(((.)9((($3"6&1*?U
I%()1'&:(%&.>G1?*:(&1)6&(*%(3'*6$(0%(3$1&(:1$6&'&(2*%(6"2&$)$(3)?:*'"1(.&(2&.3B*2(?*(3&*(2"*(9"X&1*(3$2(2&('$(
$61"$6&(:1&*(#&:1*(0%5'7*#&/($:&1*=G%2(3)("(9)>%*:)15(0%(1*%4U(!).)'(2*%(<$)3$=(&(3&'(2*%:G*(0%(6*3*"$1&(?*(
1*2*35(0%31&=5:"1(2&$.)61$(3$6)')*("(6&1&3B&(2&(6)#%*(3$(%*?:&(4B*"$4&U(@&1#$%)'/(651"./(.&(#*?35(61*%(1*%4(
3$("(4"1*'5/(.61*T*%*%2)J.&(6&(0%3B&*&:)1*'&(#G*%*'"1U(I1'5(.5'9$:*3/($#&%*%7G%2)JL(6&(3$)3$=*$%(35(,$(#5:)1$(
3)(&'(61*%(:"$:5(.$'$/(0%$*%:&(2&(.>G1?*:)'(61*#&*(1)%2&U(U
<$)3$=*$%)'(1G%T&?:&($%*#$'*3/(0?*(:1&3&(0%3&:(#)3B*$(6$'#&*(6&.:&(9&1&4$:5/($.:>&'(0%3G:(')#&$(.5(6"$:5(
61*3&6&(3&($1&(2&(4G%2(.5J*(>$35(%&$#7)')*U
I%()1'&:(0%>*&19G%:$:(.&(1*2*35(2*%(#)'7*#&U(<G:&,$(?*1)1*(2&($1*3*((.&(((1)6(((.)9(((1"6":)'(((3"%:*%))((($'(
6*3*"$1&'"1U
g)%5(4"%4)'(?*(3&*(2"*(#"%?:1*(.&(1&6&2(#G1G*%2()%)'($.)61$($91*(((((((V(tI(.CU)1%&(g$(4)15U(C)#%*(2&(>*&1(.&(
1&6&2(0%(#)?3B*($"#*%$'*(1*4*=*(?*(:1".%&.3(0%(3$6&:&('$(>&'(2&(:$1*U(I%()6&13):(.1w&?:&(3$()%(>)'4&1U(I%)*("#(
%"1#$'(*J$1(>*(.#)'.(3$6)'/(2$1($*g(%J$1&((%*3*(()%((&>&3:(($.)61$((3&')*((3$1&((LJ$((0%3$.$:U
PJg1r$1(((.$(((>T/&D(((#)1#)15(((%&'*%*?:*:(((;$13&'"%$U(((+6&1(((35(_**(5*$(2"*(?:*)(3*%&(:1&9)*&(.5(3G?:*4&D(F)65(
3)#(.$1('$(6$1&(((35((($)(((6).((('$(((3$'&((("(((2)9'5(((.*%)3*2&1&D
ET0/0/

"*(((0(V
S(K)(:&(3"%.)#$/(1G%T&?:&(Q"'>(.*4)1(6&(&'U(K)J.(2&(95:)7*(0%(3$6(0%3G:(.5(%)(?:*&(3&J*(#$*(9*%&(6&%:1)(&*U(
:(2*%(8&*6=*4(,$(352&$('$:(2&J$9*$(0%()':*#$(3'*65U(Y1&9)*&(">&1*#(#)'7*#**(3&,$(0%(.3B*#9)'(#$1$>&7*'"1(6&(
3$1&(*J$(F"(*%(((%"*/(($':>&'((.J$1((6):&$(((.5((*%:1&(('$((*2&*(?*($:)%3*(.5(:&(0%(61*#&'&(2")5(1)%2&/(.&(6$1&(35(
)1*$?)'(3$)3$=*$%(%)($1&(2&(4G%2(.5(.&('$.&('",*:U(p"$35(0%(2&>&%.*,5(?*(&.3B*,&$=5(6&%:1)(($((&,*:$(($:$3)1*'&(
)3*45:"$1&(($'&((4&1#$%)')*U((\6"*(1&61*=$(($((:1&*$/((6"1%&?:&((91).3(('$($:$3/(2$%.&$=5(0%$*%:&(.J0%>)%25(
%&$#7)')*((2"*((6)#%*/(>)'4&15:"1*(0%((?$'&U
C&%:1)((3G:&,$((.&3)%2&/((#)'7*#&$(0?*(7*%&((1&.6*1$7*$U((\3&?:*(6)#%*($1(>*(:1*#*.(?*()%(3$'('$(6"2&$U(F$1(
')6:5:"1)'(2*%(8&*6=*4($9*$(0?*(.3):)15(3$6)'/(3$()%(3G*%&()2/(?*(1G%T&?:&(.$:$%*3U(+:G%4$(0*(((7G?%&?:&(((0%$*%:&/(
0%(((,1&#&(((3&((($2,&1.$1)'(((.&(((1&21&.&$=5U(\:&1*=&$=5(((21&6:(((0%(((%$.)'(((1).)')*(((3)((()%(((6"3%&:(
0%41"=*:"1U(F$%.&$=5()%)'(0%(T)1)'(3&')*'$':/(.3)*6G%2(?*(1&.6*1G%2(61&3*6*:$:(6&(%$.U(I%(6)#%($:&1*=&$=5(0%(
#):1$(%&$#7)')*/(.6G14G%2)J*($13$2$U(+G%4&'&(0*('$.5(2G1&(6&("91$=U(;)=&'&(*(.&()#>'5U(]$7$(0*(6$1&((6&(
T)#5:$:&((6$1$'*=$:5U
S((+>G%:5(A51*$/(?"6:&?:&(@1&4"1/(B"'9G%2)J.&U(c(3$(?*(3)#($*((3*"#54*(((%*?:&(((:$)1*((3)(((#G*%*'&(((4"$'&U
S((Y$)1**(%J$1(.)6"1:$($?$(3&,$/(&(2&(651&1&(C"1:$/(#)?3G%2(4G%2*:"1(2*%:1J)%(3G1%$:(0%?>53$:(2*%(#G%$()%)*(
9$,$1&=(3$1&(61*,&?:&((0%#51#)1*:(((.3&%$(((2&(((,*"'&%75(((2*%(((1*%4/
<$)3$=*$%)'(0%3&6&(.5(3$):&(>$7$($2,&1.$1)')*/(2$1($.:$(%)(6$1&(.5JL(0%41*T"1&=&(6&(4&1#$%U(c.3B*,&$=5(
&'&4$%:/(>53G%2(3$(6)#%**(.5J0(:1&$35(6&(2&$.)61$(3$6)')*/(?*(1*6".:&$=5(3)("(.:G%45(3)#6'*:5U(+&(6$1&(35(
,1&$(.5J*(.6$145(4$12$(1).)')*/(?*(3G:&,$(31"?&)1*(0?*($:*%4(2*%(6'*%(7*%:$U(+61&(.:)6"$1&$(#)'7*#**/(
3$)3$=*$%)'(%)(.3"$:&(2&3G:("(#G1G*:)15(.)125(?*(2$%.&$=5(#$*(2&6$1:&(0%U(1*%4U
S(I3*2&JLD((((-53)*&?:&JL((((6&(U(:*35'".)'((((.)92&=,"':$:D(((()1'5
4&1#$%**(6)1J.G%4&/(3*"3%*%2)J?*(4$#&'&'&(2&($')#*%*)(3)(35?:*'&
2&("7&'U(<$'35JL(0%(6*3*"$1&(?*(9$45JL(0%(65#G%:)'(2*%(3$1&J$(Ä&?*:D
!&4*#&%:)'(o(<$,$'&1*&(2*%(Q&.:>$'*$(.&(1&6&2&(3)()%()1'&:
$.)61$((!&4*#&%:)')*((v((C$%=&1((61).$3U
S(Y*35'"?*'"1D(((-$'*:"1*((2&((3G1%$7*D(((C"13*'"1D(((153%&.3((&*U(;5:5'*$(2*%:1&(3&'&(2")5(1&4*#&%:&(.&(#):5(
2*%:1J"(6$1:&(*%($':$($(#$1&')*(2&6"=*:($'($1:*'&1*&*U(Z$3$1#)'(.&($)2&(*$(2*.:$%7$
2&((^*'"#&:1*U
;$,$1&=**(2*%(e(C$%=&1(?*(LLo(E%>$%:&1*&(0?*($'&4(2)?#$%**(?*(.&($,G%:5(9)3)1"?*(0%(0%35*&1$1&U(<"6"**(
%5,5'&.3(61*%(:"$::(*%:151*'&(?*(9$.:"$%&'&('"1(.&(615,5'&.3(>515(651:*%*1&(0%(3$6&:&U(&(0%>*&19G%:$:&($'&(
#)'7*#**U

9$, &
g |12"9"1G%2)J'($&((C/(((UUJJJJ(((U
&
3$1*)7(u[u6$1&b$*7(B5)'&?:&(A*3)7)'/(1*2*3G%2()%(3"6"*($&$.)a#
z
_/6!c?:*($1&.:$:/(7*65(2*.6&1$*(6"'*7*.:)'(#*'*:$1/(=,G3%*%2(2*%(i(i(((1&(I%$(2*%(3*=#&(0*(=9"$15(2*1&3:(0%(3$6)'(
)%)*(*%:&%2&%:
CL<Lt($1&(:5,5'*:(61*%(#)?:$1(?*(^&:3B)6U(0%(%)#&'&(])B1&1)')*/
07*(6"1)%3&.3(.5J#*((2$*((21)#)'D
8J(\.3)':("12*%)'(?*(#5(.)6)%/(3B*)*&(A*3)7)'U(LL($1)%35(6&(3"6"*(0%.61&(2"*(9$,$1&=*U(+&(2$)(3)(:"7**(6&.:&(
3$6(?*($')%&35(.)9(95%3*U(K)('*(.&(#$*(,52(2&3G:(6*3*"$1&'&(3$1&(.&(=9$:
%&9)%&?:&U
0%(((3&'&(((2*%((()1#5/(((6"'*7*?:**(((#*'*:$1*(((1&)?&.3(((.5(((3$'#&=&
0%2&$T)%.(#)'7*#&$(6&%:1)(3$(')6:$(.5(6"$:5(3"%:*%)$U(+&(1&:1$4(?*(.:$)(61&45:*7*(0%(.6$:&'&(9*.&1*3**/(
1)4G%2)J.&(')*(F)#%&=&)(.5(%)(#$*(>*&(%&,"*&(.5(*%:1&(0%35("(2$:5(0%(B$'5U
S(\.&#&%&$(#$%*>&.:$1&(.6"1:*,5(%J$1(:1&9)*(6&1#*.5/(.6)%&(?&>)'('"1/()%(#$*"1(#$*(,G1.:%*3U(Y"7*("$#&%**(
.5*(0?*(&X61*#5($3"12)'/(0%3),**%7G%2(,&1:*4*%".(2*%(3$6U
8)6:$(0%3&6&(2*%(%"U)/(?*(.&(6$1&(35($#9**(P41&*_($)(:)19$:U(F*.61&7)*&.3(:":$'(1&4)'*'&(T"3)')*U(@&1#$%)'(.&(
1&6&2&($.)61$(1).)')*(?*JL(6"3%&?:&(3)(6*3*"1)'(0%(.:"#$3U(F1&6:(15.6)%./(.&($'&4&(3)("(#)?35:)15(0%("91$=U(
+G%4&'&(?*1"*&?:&(6&(>&7&'&
$#9*'"1(')6:5:"1*U
S(A$*35(#5*3)'*75D(7*65(&%:)=*$.#$:(A*3)7)'/(15.:)1%G%2()%
9):"*(2&(9&1&U((\3)#((.&((B$'&.3(()%)'((6&(($':)'U
\19*:1)'/()%(.G19(1%*3)7(3)(#):15(2&(?"9"'$%/V0%3&$135(.5J*
PDgC$U1L>(UC/&(9"X&1*U(+&(:1&=&?:&(2*%:1J"(2$:5(9'"3$:(0%:1&(2"*
S~i(ÅrU/~w*PP/(K\!#)?3B*/(.*#7*%2(35(,$(>*(.:1*,*:U(+&(.#)'4&(2*%
V_S_(((((Äii_(((91$7&'&
11)/()
2&.6$1:5(6&(9"X&1*U(+&(:1&=&?:&(2*%:1J"(2$:((((((("(#)%7*()3*45:"1*(2&(#)?3B*/(.*#7*%2(35(,$(>*(.:1*,*:U(+&(
.#)'4&(2*%(9t51(((+&J(0#6'&:*3&?:&(((.61&(((3"1=*/((()%2&((($:G1%5/(((3)(((91$7&'&('$9$%*%2)J*J.&/(6G%5(3&(2"*(
.$%*:$1*(0'(2)3('$(#&2*3(6&%:1)(*%U
'%'
t3)*&?:&()%($':($19*:1)/(3$1&('&(,"19&?:&(.&,&1(3&'"1(2"*($,D%*=g%j*)J*(3)(2&4&:)'U(\3&?:*$(6$1($(>*(4$:$(.5JL(
$1)%3&(4(#((#)'7*#&$(()1'5:"$1&(($((.6&3:$:"1*'"1U(2)65(,,OgWVg($(:1&g$w(3$)3$=*$%)'(0*(0%>*4&(4&1#$%)')*()%(
6)#%(\19*:1)WV(3$1>_L(>$3&(C&($3&.:$(.5(.&(3'$:*%&(?*(.5(1*2*3&(4$12$U(4&1#$%('((((1&6&3D&(_E%$#:&v(2$1(6G%5(.5($6)3&(.5(
.:1*4&(P91&$^_/(2&((('",J:1&*J')%g$(g$(ä$1j*5(?*(.&(1&6&2&($.)61$(1).)')*(3)("(.&1*&(<$#[/J(V3UW%((((3&((((%)(((.J$)((((#$*(
6"#&%*:((((2&(((('$((((#&3*)'(%&1$J+B$1^&a/((2*%(((LMddU
2*%
F)65(3&((#)'7*#&$($#)7&?:&(3G:&,$(3'*6&/(.&(2&='5%:)V(153%&:((*%>&1%$'U(((]*&3$1&(0'((9$:&((6&(()#51(6&((3&D(2&(('$%VV_(
I'L(
)1'G%2($2#*1$:*,U(F$3$(,&3*%)'(%)J*(2&($3"12/($')%&*(>*(4V_(((&VJ4$:$((.5J*((.6$145(3&')*'$':(3$6)'D(
$1&
g ~
S(((I1$D((.:1*45(0%2G1T*7**(.6"1:)')*(2&(6&(.3$)%&'&(2*%(*(1*%4)')*U(
1)'

V<$)3$=*$%)'(0?*(0%3'*%5(3$6)'($*2"#$()%)*(=*#91)(4$:$($:$3(?*/(3)("(>"175(:&1*9*'5/(0*(0#6)?35($2,&1.$1)')*()%(
6)#%(+!"7&'(0%(1*%*3B*U(;*%&0%7&'&.(35(>$%$:*3**(')6:&*(=9*$15(0%(.&#%(K!61":&.:U(((+:G%4$((()3*45:"$1&(($((%&$#7)')*(
.&((6)%&((2*%(%")(:1&$95U(E%(3'*6$(0%(3$1&(6)#%)'(.5)($:&1*=&$=5/(4&1#$%)'(.3$65()%(7*65:(.3)1:U(+J$(=*.(3)(#G%$U(
CG1G*:)'("$.&'"1(3$1&(.&(1)6(6"$:&((>*(($)=*:((6G%5(0%((61*#&'&(1G%2)1*U((<)%".35:"1**(:1$.7(a%(3B*":(((2&((41"$=5U
\3)#(%)(#$*(0%3$6&(0%2"*$'5(35(9"X&1**($)()*:$:(3"#6'&:("1*3&(0%7&'&4&1&($%:&1*"$15U(+&(1&6&2()%)'($.)61$(
3&')*'$':($.&#&%&$(>*$1&'"1U(c*#$%5(2*%(:"7*(6"1**(2"1*%7$(2&($()3*2&U(A&3$%*3)'J?&>(Q"'>(0%3&6&(.5(.&($4*:&U(
A*3)7)'(.*(C"1:$(0'(0#6*&2*35(3)(>"17$(.5(%)(2&$(9)=%$(0%(1*%4(3)("(#*:1$'*&15/(6&%:1)($('&($#*%:*(3&'"1(2"*(2&(
0%7&'&4&1&U
I1'&:)'(#)'7*#**($#&%*%75(.5(%51)*&($3"6&1*?)'(B$%4$1)')*U(C1"9$9*'(35(.&($)2&(2&('$(3*%3*=&3*(2&(^*'"#&:1*(
2*.:$%75U
8)6:5:"1**($)(0%3&:$:(.5(#$*(>*&(>**%7&("#&%&?:*(3*,*'*=$:&U(\)(:)19$:(3)(:":)'D(!54&:&'&('"1(LJ$1(>*(>53):(6&(Y$1=$%(
.5(65'&$.35(2&(*%,*2*&U
S(((\1(>*(:1&9)*:(.5J*(,G1G#(:*35'".)')*(2&(3$)3$=*$%(3G:&,$(6":3"$,&(0%(#5%)?*/(#)1#)15(A*3)7)'(0%41*T"1$:U(
A53$1($:)%3*($#((>*((>".:((.*4)1*((35J*((,$((:5953*((#"$3$($>)1*.*:)')*(2&(%&$#7U
S(((F1$3&D(F1$3&D(9'&.:&#5(C"1:$(3)("9*25U(F$35(%&$#7)'(%(9)#953&?:&(((6&(((1).%$3/((.)%:&#(((1)*%$7*D
S(((F"$1(%&J$(>5452)*:/(4&#&(@1&4"1(%&>&1*3*:U(\(61"#*.(3$(,$((((6*&12&D((((A*%3*)%*((((.>1)%:$:&((((%&#7&?:*/((((3$(
2&(((("9*3&*U(C1"6$4$%25D00000000000000000000000000000000000000000000000000000000000000000000000000000000000/
S(((F"$#%&/(7*65(;5:1G%)'(0%41"=*:/(*%(3'*6$(0%(3$1&(4&1#$%)(1&6&2&(()%((6)#%((>&1"3&((3$1&JL((1*2*35((6&((1).(2&(
'$((6"2&$([V(61"*&3:&$=5(((0%((3"1=*U(U0000000000000000000000000000000000000000000000000000000000000U(((((T
S((H(.J"(.6*%:&3(6&(#5J:$D(H(.5(#5()?)1&=(6&(#"1#$%(g(:5)D(\B/(1$B$:(9'&.:&#$:(2&(%&$#7(3&J#*(&?:*D(153%&?:&(
A*3)'($#&%*%7G%2)JL(((6&(((4&1#$%(((3)(((6)#%)'U000000000000000000000000000000000U(g
S(((-$*(.5J*(:5*&#(35657)%$U(61"6)%&(\'9&1:U(3&%)?*)('$(:JLÅV(?*(((.J"(((&X6&2*&#(((0%:1J)%(((6$3B&:(((%&,&.:*J.**D
@1&4"1(((0?*(((0#61&)%&$=5(((#G*%*'&(((?*(((0%$'75((("((((1)J$3/}X)z(>*&19*%:&/(((0%(((,1&#&(((3&(((%&$#7)'(((0?*(((0%>*4&(
6)#%)'(((0%(((CL_gU/(1).)')*U(8",*:)1$(&()1#$:5(2&J)%()6&13):(:&1*9*'/(3$1&(6$V8(.#)'45(((3$6)'((2&(((6&((()#&1*U
OdN
H#)'(&(%5.3):(2*%(>&#&*&(?*(31&$:(2)65(3B*6)'(F"#%)')*U(\'9&1:U($.3)%=G%2)J?*(>$7$(0%(6$'#&U(K)(.)6"1:(.5
/$z!pa(!$B$:/(((.)%:&#(((>$'*7*D(((+51$3*(((3$((('$J%3&6):D((((0%4$*#5
g$>g(K)(6):&#($33&6:$(.5(.&J%:G#6'&()%$(3$($.:$U(153%&?:&(Q"'>(>)1*"./(#&.:&3G%2)J?*(:1$9)3)'U(+51$3*/(>*1J$1(.5(
>*&D(+51$3*D(<G%2(&?:*(.51$3/(%*3*(21$3)V(%)(.&()*:5('$(:*%&D(`*(:&(6
61".:&?:*D(Y&
"1".:&?:*(3$(9G:$U(%3*'&(.&(>1G%
;5%3*'&(.&(:1G%4(.)9(:1"65*:)'(3*=#&'"1U(A)'7*#&$()1'5(2&(0%3G%:$1&U(H$#&%**(.&(0#9157*?&$=5/()*:G%2(2&("1*3&/(0%(
3'*6$(0%(3$1&(%&$#7)'(:1*#*:&()%(31"?&)(2&(.:G%4$/($6"*/(>)'4&15:"1/()%)'(2&(21&$6:$/(0%(3$1&(0?*(3"%3&%:1&$=5(:"$:5(
41&):$:&$(3"16)')*U(K*#&1&?:&(0%()#51)'(3$)3$=*$%)')*U
S((+J$((.>G1?*:/((2&3'$15((@1&4"1((2*.6&1$:U(((F&J$3)#((,"#((>*(%&,"*7*(.5(:15*#((2*%(((#*=&1$9*'$((1$7*&(($((')*(
\2"'>U
F$1(."17**(*=9G%=**(6$1(.5(.&(.3B*#9&(0%($,$%:$T)'(1).)')*U(+:G%4$(4&1#$%)')*(%)(#$*(1&=*.:5/(.J$()#>'$:(2&(2")5(
"1*(6&(3G:(&1$U(U0?*(>"'".&?:&(3G:(.&(6"$:&(21&$6:$/(61":&TG%2)J?*(#G%$(2*.:1).5U(!).)'($(.3B*#9$:(:$3:*3$U(\3)#(.&(
1&6&2&(&'('$(9&1&4$:$(%&$#7)')*U
S((R393%'+35!!!7*65(((;$13&'"%$(((>&1*3*:U(((H((.5J*(((,*%5((2&((B$3(1$B$:)')*(5'$(%&#7&.3U
C"1:$(2&.3B*2|(4)1$(.5(.6)%5(3&,$U(2$1("(0%3B*2&('$('"3/($9."19*:(2&(.3&%$(2*%(1*%4U(<$)3$=*$%)'(0'($:$35(6&(
4&1#$%/(3$1&(.&($6515(3)(41&)(2&(,G1:&T)'(2&(6)#%*(3&(.&(615,5'&.3($.)61$(')*(2*%(:"$:&()%4B*)1*'&U(c(0%(3"1=*U(I%(
6)#%(0'(*=9&?:&(0%(:G#6'5(?*(3$2&(0%:1J)%(4&%)%3B*U(+G%4&'&(0*(?*1"*&.:&(2*%(%$.U(c(.35'2$:(0%(.G%4&U(E%(:*#6(3&(25(
.5(.&(1*2*3&/()%(?):(91):$'(0'('$.5('$:(6&(6"2&$U
/(((rr(+6$14&JLD(<$'35JL(0%(6*3*"$1&(?*(.3"$:&J*(#$7&'&D(:)%5(,"3&$(â&(9$.(0%&3$:5(0%(9&1&($((A*3)7)')*U
")'($19*:1)(.&(1&6&2&(0%$*%:&/(4&.:*3)'G%2/(?*(0%3$.&$=5()%(â&(%%(3$1&_'($1)%35(6&.:&(3"1=*U(+$%*:$1**(0'(3$15(?*(6&(&'('$(
6".:)'(g6%#J$T):"1(2&(2)65(:"#9&1"$%&/()%2&(0%35(#$*(=$3&(3"'&4)'(9"X('_W3g/13$%3D(.5Jà*(1&3$6&:&(.)>')'U(\3&.:$(
%)(#$*(&()%(#&3*V2&(t1*3&(/i(Z&/%VL(t(')6:5(6&(,*$75(?*(6&(#"$1:&/(0%(3$1&(.&(>"'".&?:&($#&1*1(Vg_g(#)13V$15(3$1&(.J$(,5=):(
,1&"2$:5(0%(>*'#&'&(C"2&$(+Ç(tI(,VtV&%0$J(;"X&1**(.&(3)61*%2(#G1G*%2(?*(3$2('$(15.)3*7*(<(1".:tetV&.3(61*%(1*%4/($.&#&%&$(
)%)*(%"2(2&(#)?3B*
<$)3:(+&(0%>
Y00A
1$ & % 1"=
u (0 e **(0%(\'*6**(0%(3$1&(2*%7**(%&$#7)')*(*(#(:&.:*3)'&U(,1&#&(%J"((.5((#$*((1&4)'&=&((95*&7$?)'D((()1'5(C"1:$U
Odv
8",&?:&()%(9):"*(4"'(2&(9&1&/(3$1&(.&(1".:"4"'&?:&(61T%(.&3&1G%2)J*((6&((.6&3:$:"1**((2*%((6*3*"$1&((3$((6&((.6*3&(
+$
Vgw
<)("('",*:)15(2&(T".(0%(.)./(3)(6*3*"1)'/(?*(3)()%(6)1%%($:&1*=&$=5(0%(3&$>$(%&$#7)')*/(1).)'(.&(&'*9&1&$=5(?*(~&(
6)%t$U1&(4$125U(F$1(%*3*(4&1#$%)'(%)J*("(#"#G*&U(yG?%&?:&(3$(pÅ(V%(HR&%./(#*?3G%2)J.&(0%:1J)%(1*:#(3$1&(LJ$1(
'5.$(0%()1#5(?*(6&&++&(3$#6*"%(#"%2*$'('$(,*:&=5/(0*(1&6&2&(1).)')*("(21&$6:5(0%(à(W_(!).)'(1*6".:&$=5(3)("(
.:G%45(.&$35/(651G%2(35JL(7*%:)*&?:&(0%({_!6&(%&$#7/()1#$:5(2&("(21&$6:5(1$6*25/(3$1&(LJ$1(>*(:1*#*.(_t(<G#6*$(
ZG%5:"1*'"1(Z&?%*3&(2$35(LJ$1(>*($:*%.U000000000000000000%
<)(&X3&67*$(>$%$:*3*'"1(0%:1J$'&(9"X)')*/V(3$1&(%)(.)%:(0%3G%:$7*/(#)'7*#&$()1'5(>&1"3&U(+)%:(.#)'.&(95%3*'&(?*(
3*=#&'&(2)2)*&(6&(6"2&$U
S((!)6&J*(()1&3B&$D(((.&($)2&(2&(6&('"3)1*'&(2&(3$:&4"1*$($(:1&*$U
S((+>*%:&(+*."&/($.:$J*(3&$(#$*(.:1$?%*35(95:$*&(6&(3$1&J$#(,5=):J"(0%(,*$7$(#&$/(7*65(A*3)7)'(>&1*3*:U(I%(
9"3$%3(#5.)1$(3*%3*=&3*(?*()%)(.&(1&6&2&(0%(4&%)%3B*)'(%&$#7)')*U(y*65(?*(.&(6159)?&?:&/((3)((#G*%*'&(
0#61&)%$:&((6&((1"0)'$((=21"9*:5U
S((H(.5(:&(.6)'9&1/(.31G?%&?:&(&'/(1*2*3G%2)J.&(2*%(%")U(3)(>$7$(.3B*#"%".*:5(2&(2)1&1&U(]5J7*(1)453*)%&$/(
1).%$3(%&#&1%*3D(Y&($?:&$6:5(3*#*:*1)'D(0%(>)1*$(')*/(.&(6$1&(3J$()*:$:(3)(:":)'(35(:1&9)*&(((.5(((6*$125((0%(
)':*#$(((1&61*=5U
S((H#"$15JLD()1'5(C"1:$(&%:)=*$.#$:/(0%(,1&#&(3&(')6:5:"1**(.&(15.)3&.3(0#9157*?$7*(61*%(1*%4/(>"'".*%2/(
2)65(3)#(.&(.6)%&(0%($%)#*:&((3&13)1*/((:"$:&((:1)3)1*'&((#)12$1&U
c%:)=*$?:**(9"X)')*(61":&.:&$=5(,&B&#&%:U(c*(.6)%(35(%)(,"1(.5(,$25()%(#&3*(9)%(2&(9"X(:1$%.>"1#$%2)J.&(
0%:1J"(0%35*&1$1&(2&(.:1$25U(F$1(:"7*(3&*'$'7*(3$1&/($.&#&%&$(A*3)7)')*(?*(')*(C"1:$/(31&2(35(%J$)(#$*(6"#&%*:(
)%($.&#&%&$(.6&3:$3"'(.:1$?%*3/(%(6"3%&.3(0%(3$6(3)(3&($)('$(0%2&#G%5U
;5:$*$(3"%:*%)5U(Z$3$1#)'(.&$#5%5(3)(3&'($'()%)*(1$*2($&1*$%($.)61$()%)*(#$1&(3&%:1)(*%2).:1*$'U(F&"2$:5(.&(
"61&?:&(?*(6$135(%&($>'5#(0%(*%*#$(:53):5($()%)*(:$*>)%U(c("('*%*?:&(#"1#G%:$'5U(@&1#$%)'(0'(1*2*35(6&(
3$)3$=*$%/(0'(7*%&("(3'*6$(2&$.)61$(3$6)')*(?*JL($1)%35('$(6"2&$/(2&()%2&(%)(.&(#$*(3'*%:&?:&U
!&4*#&%:)'(e(C$%=&1(.&(.3"$'5(0%(6*3*"$1&(?*(.&(6)%&(."'&#%(6&(3G%:$:(PQ$3B:($#(!B&*%_U
S((C$:1*"7**(5?:*$(2&(2"*(9$%*U(>$3&(C"1:$/(B$9$1(%J$)()%2&(.:($>'5U(KJ$1(:1&9)*(.5(3G%:&(PQ$3B:($#(!B&*%_/(3*(
PQ$3B:($%(2&1(Z"'4$_U0000000000000000000000000000000000000000000000000000000000000000000000000000000U(((U
%ZNZ=0060-/3003.Z00/300[/F/.2760E\/0086F/Z=00/3Q7]00W300Z=Q/820$^0_2Q7/.`//000ZF7823/0002Q/3a000[Z3FQZ=000FZ=8/323Q0002=0
63QZKZ/#/b///((00T
2&3*.*,$/((()$*(((3$)3$=*$%)'((.&(($1)%3$(($.)61$(*)*(3$("('",*:)1$(((((($.)61$(()%&*((45*%*(($2"1#*:&U
%&,$.:)((((((((7&(6&.:&(0%3B&*&:)15/($6"*(0?*(1&6&2&($#9**(6)#%*(0%
[_'(')*U(0*(6G1G*&(:"$:&("$.&'&U(K&$#7)'(:1$4&()%(7*65:(2&
31&?:&:)(((g(V$6T&$3G(0%$*%:&U(F$1('",*:)1$(2&(21&$6:$($(1).)')*(0'
$4"%*&(?(((g(((\61"$6&(35(.&(25(6&.:&(3$6(?*/(3$(61*%(#*%)%&/
1
_[V<$&$=G(((0%(((6*3*"$1&/(((0#6*%4G%2)J?*(((21&$6:$(((0%(((>*4)1$
$:&1'
(=l$%)')*U(F&(>)1*&/()*:5(3)(:":)'(2&(.:G%4$(')*(.>51G#$:5(?*
<$'
_%>*4&(3)((:"$:5((>"17$(0%((6'&X)'(($2,&1.$1)')*U
{
(((bb("((%)D(4&#&(Q"'>/(0%:1&=51*%2(3)#(3G?:*4)1*'&(0%3&6(.5J*
')%&3&(61*%:1&(2&4&:&U(<)61*%.(2&(6$%*35/(C"1:$(0%3&6&(.5(>$35
'(%)1*(2&(2&=&1:$1&(('$((1)?*U((F$35((6*&12&(3$)3$=*$%)'/(')31)
>"$1:&(6".*9*'($3)#/(&(3)(%&6):*%75(.5(>*&(6'5:*7*(:"7*(3G?:*45:"1**
6$1*)>*'"1U
F$1(1).)'(0%35(%)(&(:&1#*%$:U(+$1&(6)1(?*(.*#6')('$(%&$#7/(3$1&(>$3&("(15.)3*1&(>)'4&15:"$1&(2&("6:=&3*(2&(
41$2&/(0%3&13G%2(.5JL(6"3%&$.35(6&(1).(0%:1&(6*3*"$1&/(2$1(1$:&$=5('",*:)1$U(!).)'(&.3B*,&$=5(?*(0%3&$135("(
#$%&,15(1*.3$%:5(6&%:1)($J*(1)6&($2,&1.$1)')*(4G:)'U(@&1#$%)'("(1&#$135/(.$1&(0%(.)./($6"*('$(21&$6:$/(?*JL(
6"3%&?:&(6&(1).(0%()#51U(!).)'(:1$4&()%()1'&:/(,5=G%2(3)#(.&(2&.3B*2&(3)'"$1)'(.61&(9&1&4$:$(%&$#7)')*U(
<$6)'($3&.:)*$(=,G3%&?:&(2&(2")5("1*/(3$(?*(3)#($1(>*(.#)'.(2*%(?*1$(.6*%51**U(<)()%(7*65:/(3$2&(0%(4&%)%3B*/(
.3)*65(?*(B"135*&/(2&,&%*%2(.:$3"T*)/(0%3&:J0%3&:/(.&(V615,5'&?:&(0%:1J"(6$1:&(?*(,$1.5U(+&(1*2*35($%&,"*&(0%(
4&%)%3B*/(.3)*6G%2(>"$1:&(#)':(.G%4&U(+&(61*%2&(2&(3"1=*(?*(&(2*%(%")(0%(6*3*"$1&U(i
S(\3)#(:1&9)*&(:&1#*%$:(1$B$:)'(5'$(2&(%&$#7D()1'5(A*3)7)'(0%3G%:$:U(;5*$:)'(,&3*%*'"1(%)(#$*(:1&9)*&(.5J*(
2&$(2&3G:()%$(.*%4)15/(?*(.J$(=*.(3)(&'U(i00000000000000000000000000000000000000000U
F$1(A*3)7)'(.&(0%?&$'5U(@&1#$%)'(%)(&(:&1#*%$:U(F)65(3&(.&3)%=**(.5*(*J$)(:)1%$:(0%(3$6(3G:&,$(45'&7*(3)($65/(
.&($6)35(2*%(%")(g.5JL(:5953&$.35(6&(1).(3$()%(&'$%(:)19$:(3$1&J$(>".:(4"%*:(2&('G%45(g:)1#5U(<$)3$=*$%)'(0*(
:15.%&?:&("('",*:)15(0%(9&1&4$:5(?*JL($1)%3$(6&.:&(3"1=*U(\6"*/(.&(0%,G1:&(61*%(1*%4()1'G%2/(3)(#G*%*'&(1*2*3$:&(
2&$.)61$(3$6)')*U(F*%(3G%2(0%(3G%2/(0*(:1$4&()%(6*3*"1(%&$#7)')*/(3$1&(=$3&(0%:*%.(3$()%(31)3*>*3$:U
U(A)'7*#&$(0%%&9)%&?:&U(I%(I%:&1">>*=*&1(9$,$1&=(%5,5'&?:&(V0%("B_(-(1$%2)1*V($4*:G%2("(:1$*.:5(2&$.)61$(
3$6)')*U(<G%2(25(3)(JTLL(2&P(#&3$%*3)'J?&>(Q"'>/(0%()%*>"1#$(.$(31"*:5(6&(3"#$%25/(?:*(gI%3$(:1$V.:$(V%(>$75/(?*(
61*%($&1(0%3&6(.5(=9"$15(1"?**(.:"13*:&/(I((((fo(6"1)#9w(9)357*(2&(>1*6:)15(2&(1$75(?*(#)':&($':&'&/(.".&J>((((W
'2RP&9&'("9&=(2*%(+&1,*3*)'(2&(\61",*=*"%$1&(\&1*$%5($(&((*(((*&1$%2((2*t((.&3:"1)'(2&(3'$.$($(g(:1&*$/(:G1G%2)J?*()%(*g(T(
$: 2&
( (CV3*t1(%)#$*(3)(?*1&:)'/(0?*(3&1&(9$%**(0%$6"*/(V35((#&3*)'(($((>".:(("(0%?&'5:"1*&UU
H000000000000D*>
S((1-$/,.!<3.!9,'DP!7*65((C"1:$/(?*/(>53G%2(.&#%)'((((a(0%>*4&((2&4&:&'&(((0%((("3B**(((]&'2R&9&')')*U(
_((((V(0?*
S((Y15*$.35(A$1&$(@&1#$%*&D((7*65(>$%$:*3()%(H9&1Åw>(3'*%(!&4*#&%:)'(e(C$%=&1U(!5.:"$1%5("(45'&$:5(%&$415(
&'9(__!=*'&'&/(0%(3$6)'()%)*(]&'26"'*=&**%.6&^:"1U(A)1251*$r**(0#V1w1(t$V&(?*(((6&(((&'(((6&(((>$75U(
V(((($g35
S(((F"$#%&(2*%(3&1D(&X3'$#5(C"1:$/(.51*%2(*%('5:)1*U(_($.:$g(3)1575((()%((("#(((#$*(((*):&(((2&3G:((("(((>$1#$3*&(
0%:1&
0%(((3)1G%2/(((9$,$1&=**(((0%3&6(((.5(((>"'".&$.35(((21&6:(#$3$1"$%&'&(?*(9)2*%3*'&(6&(3$1&('&(')$.&15(3)(&*(3$(#&1*%2&(
0(3G:&,$((((#*%):&/(((0%:1&$4$(((B$'5(((.&$#5%5(((3)((("(((9)35:51*&((-_(3$#6$%*&($1)%3$:5(0%($&1U(I%(.$%2,*?()1*$?(3)(
91G%=5(:"6*:5(_G!3&$65(=9"$15(61*%($&1(?*(.&(.>51G#5(2&(6&1&:&(3$("(41&%$25(0($61"6*&1&$((;5:1G%)')*U
H(9)3$:5(2&(3$':$9"?(=9"$15(.61&(%"*U(C"1:$(.&($6'&$35(?*(A*3)7)'("(0%3$.&$=5(6&.:&(>$75(3)()%(6'&.35*:(."%"1U(
C"1:$(.&(0%:"$13&(.5(,$25(2&()%2&J$(,&%*:(3$':$9"?)'(?*(.&($'&4&(3)()%(6&?:&(3G:(:"$:&(=*'&'&(0%(3&$>5U(<$6)'(
6&?:&')*(=9"$15(?*(*%:15(0%(4)1$(35.3$:5($(')*(@1&4"1/(#$*J#$*(.5JL(0%59)?&U
C"1:$(.&(*$(2)65()%($1:*'&1*.:(9"%2"3/(25(.5J*(:1$45()%(6*3*"1/(2$1(1$:&$=5('",*:)1$(?*(3$2&(6&(.6$:&U(\1:*'&1*.:)'(
0%?>$35()%(6$:&)(?*J*(#G%T&?:&(#):1$U(C"1:$(.&(1*2*35/(0'($:*%4&(6&(*%2*,*2(3)(6*3*"1)'(?*JL(25(2&J$(9&19&'&$3)'U
A*3)7)'(0'(.$',&$=5(6&(\'9&1:(0%()':*#$(3'*65(2*%(#G*%*'&($(2"*(1&%$%*(3$1&(&1$)(3G:(6&J$3*(.5JL(.)41)#&U
S((C$%:&1$/(7*65(C"1:$/(2$7*(3$1&,$(21)#)'(2*B$%*&*(%&41&U(H(.5((('&(($1$:&((&$((2&(()%2&((0?*((')$((A"*.&((9&1&$D
<)(0%T)15:)1*(?*(154&:&(.5'9$:*3&U(A*3)7)'(1&)?&?:&/(*%(3&'&(2*%()1#5/(.5($2)35(6$%:&1$/(6&(.351*/(6G%5(0%(.$'5U(
\%*#$')'($2)'#&35(B1$%$/(0?*('&$45%5(3"$2$(?*J?*(.3"$:&(4B&$1&'&(')%4*U
S((A$*35((((C1&3*.:5/(((.:1*45(((A*3)7)'/(((0%3"12$:U(((F*B$***$(((&(6"1%*:5D(((F5J*(((95:$*&/(((I'1*3B/((($*(((:5*(((.)%:(
:"7*D
S((-"2"1"4*'"1('&(.:5(3G:&"2$:5(#$*(9*%&(#"17*/(:)%5(C"1:$/(1&6&=*%2((("(((.3G%2)15(((0%:1J)%(((+:$9.>&'2R&9&'(
2*%(((3"16)'(((2&(#&3$%*3*(($'(((2*,*=*&*U
C$%:&1$(((1$4&((61&')%4((?*(((.&((61&45:&?:&((.5(((.$15U
S((K)J)J)J)D((()1'5(0%41"=*:(()%((Q$3B:#&*.:&1(2*%(\1:*'&1*&J$4*:G%2(2&$.)61$(3$6)')*("(.:*3'5(.6$1:5U(m51&?:&(
>5'3*'&(35.3$:&($'&(6$%:&1&*((?*JL(('$.5((6*3*"$1&'&U(]&'*%$(0?*(0%3","$*&(.6*%$1&dh(#5.)1G%2(2*.:$%7$(6G%5('$(
:&T4B&$)$(')%45/(0%3513$:5(3)(3$1%$'(15,5?*7*/((6&?:&/((3$':$9"?*((?*((+$)&1^1$):U
F"*(3"6"*(>"$1:&(,*"*/(3)(6'53)7&'&(0%(>"1#5(2&(.&#*')%('&45%G%2)J'*J.&(6&(6*&6:/(.&("61&.3(0%41"=*7*(3G%2(C$%:&1J
7G?%&?:&(0%($&1(3$("(.54&$:5(%&$415/($:&1*=&$=5(3)("(9)>%*:)1(.)125(6&(:&T4B&$Å(?*(6$:*%&$=5(61*%(#"1#$%)'(
$')%&3".
Ode000000000000000000000U
G%3$1&J(b
+&(6)%&(6&(0%>)'&3$:(2&(6$135(.J$1(61&45:*(.5(6".:&$.35
3$1&J(JJ(iJ
2& mL <
(( * V>1&(3"6"*(0?*((.#)'4&(3$.3$((?*(("($=,G1'&(6&(6"2&$/
*%)'(2*#*&((((((<
I%)'()*__J(JJ[J(U(((((J
B$':5((2&(((="$1&U(0%:1rJ('V'$':((((6"1&3'*:(((+6$14&J;"$?&/(((2$:"1*:5(((#&:"2&*(((.$'&
_,!:&(2&((*%:&1"4$1&/((.&((B"'9&$=5((31)3*?(('$(V9":)'(35.3$:($'(61&*&1$0000000000.*#:&((35'2)1$((1&.6*1$7*&*U((Y1&#)1G%2(2&(
>1*35/(.&
6$%:&
6"'&?:&(0%((.6$:&'&((:&T4B&'&*((?*((.&(0%4B&.)*&((.)9(("(&:$T&15/(1t-(((0%(#"2(%"1#$'($1(6):&$(0%356&$(3&'(#)':()%(
3"6*'(2&(=&3&(iI((((((?*((%*3*2&3)#((()%(((3"6"*(((2&((("(((.):5(((2&(((^*'&U(gVVI'1*3B(((61*,&?:&(((3)1*".(((0%(((T".U(((+&(
4G%2&?:&(((61"9$9*'(((2$35(0%3$6&((.)9((&:$T&1$((T"$.5U
m6!F,$%!!!1/$2(,(5!!!!.$',&$=5J#5D((((7*65(((2&=%525T2)*:
+6$14&J;"$?&U000000000000000000000000000000000000000000000000000000000000000b
H3B**(((4$'9&%*((($*(((6$%:&1&*(((.3'*6&.3(((*%(((6&%)#91$U(((<)((()%~(#"1#5*:(2&(6'53&1&/(.3"$:&("('$95(*#&%.5(?*JL(
'",&?:&(T)35)?(6&
+6$14&J;"$?&U
c((#$*(((#)':(((2&3G:(((6"$:&(((&'(((.)6"1:$U
S((H(.5(#5(2&,"1&=&/(7*65($3&.:$U(<)()%(B"B":(61&')%4/(.&(1".:"4"'&?:&(((2&(((.)9(((&:$T&15(((?*(((.&(((:G15?:&(((1$6*2J(
6&(((6"2&$/($')%&3G%2((6&((3","1)'(((2&(((="$*&(((61&.51$:&(((6&((T".U
I'1*3B((31&2&((35((("#)'(((,1&$((.5(((.&((T"$3&U
]&1*3*:/(>$3&()%(.$':(?*($:&1*=&$=5(3)()%(154&:(.&3(6&(.6*%$1&$(3"6"*)')*(0%41"=*:U
<"6"*)'(.3B&'5'5*&(61&')%4(2&(>1*35(?*(.&(1".:"4"'&?:&(6&(.6$:&/(=,G3%*%2/(2*%(#G*%*(?*(2*%(6*3*"$1&U
I'1*3B((.&((2*.:1&$=5(((2&(((#*%)%&U
0'(#)?35(T)35)?(6&(6"'*7*.:(2&(6*3*"1/($6"*(0'(9$:&(6&()#51(?*J*(.>G?*&J,&.:"%)'()%*>"1#&*U(\3&.:$(61*,&?:&(0%(9":)'(
35.3$:($'(')*(I'1*3B/(3)(3"'7*()1*$?*U(c()':*#)'(')31)(6&(3$1&JL(#$*(,&2&(6&(')#&$($.:$U
S((E%>$13:/(((.6)%&(((2"3:"1)'/(((3$1&(((&X$#*%&$=5(((3$2$,1)'U(F")5(,"23*(#$1*(?*("(.:*3'$(2&(,*%(3$(.5(%&(3'5:*#/(
=9*$15
61","3$:"1(((C"1:$/(((3G%2(((%&((((>$3&#((((45'54*"?*((((*%:1$1&$(((0%(.:$9*'*#&%:)'((P8$((K$:$?$_U
\*3*(((%)(((25#(((2&(((95):(((6&((J2$:"1*&/(((.&(((15.:&?:&(((\%%$(A"#&$'$/((0%3'&?:G%2)J?*(((#G*%*'&(((6&(((.:*3'&U
F$:"1*&W(1G%T&?:&(C"1:$/(.3"7G%2('$(*,&$'5(2*%(9)=)%$1()%($%3((41".((2&(((9$%3%":&U(((F$35(((,1&$)/(((3)#651(((:"$:5(
9)2$D
%%$(B"'9&$=5("3B**(?*U(2*%:1r"(2$:5/(2&,*%&(3G:(.&(6"$:&(2&($#$9*'5U
PPUYJ(+o_dV(nJ*3&(.5J#*(,&=*(6*.*3)7$W(0'(0%:1&$95(&$(6&(A*3)7)'/(~#6'$%2)J*(((3)((251%*3*&(((6$B$1)'U
C1"9(B(*_(J#5(((#:&1&.&$=5/(((>$3&(((A*3)7)'l((.:1G#9G%2(((2*%(((%$.U($"*'((35J*(((=9G13*:5(((:"$:5(((?*(((#G%3$:5(((2&(((#"'**D
S((+5(%)(>$3&7*(.3$%2$'(6&J$*3*/($,&1:*=&$=5(P'"9"?$1)1
0%(((1&$'*:$:&(((&(((]&'2R&9&'(((2&(((.&3)1*:$:&/(((2&.&#%$:((.5(((%5V<$1&("12*%&$(0%(9"12&'U(c(6"1&3'*:($.:>&'(6&%:1)(
35(0%$*%:&(2&(1(((8O:
i(((>).&.&(0%:1J$2&,51(:"9"?$1/('$(3')9)'(2&(%"$6:&(P8)")'({/W)(H*(2*%(((8&U6=*4U(
C
(((((e$'9jZ
S((Y)(((.5(((:$3*/(((.6)%&(((;5:1G%)'/((.)4B*7G%2((0%((6$B$1)'(,"235U(
<'L

PY"9"?$1)'_(((2&,*%&(((.:$3"T*)(((?*(((3":3"253&?:&(((0%((.&#1/(61":&.:U(
V((((&
S((y*J$#(.6).(.5(:$3*/(.)4B*7&(;5:1G%)'/(0%35657G%$:((+%(H9&1>&'2R&9&'((?*(($#(("((.:&$((0%((6').((>$75((2&(
:*%&D00000000000000V
J*S(A5(2"$1&J%(3)1(2&(.:&'&'&(:$'&/(7*65(PY"9"?$1)'_/(3)(,"3&((>&#&*$.35U((H((.5((,5((6)1:$7*((3)#((.6)%((&)D
S((A5(0%:1&9(2$35(.J"(>*(3)'3$:(,1&"2$:5(3)(#5J.$D(1G%T&?:&
[((C"1:$(("91$=%*3U
S((8J$)(:1*#*.('$(15=9"*(>**%235("(.6&1*$(6&(."15J.$/()1'5(A*3)7)'U(((+&((:5,5'&?:&((2&((1G.(('$((61"61*$J*(
4')#5U
S((-$*/(>*7*(2154)7*()%**(3)($'7**/(%&(2"T&%&?:&(q,%%$U(K&J$1(651&$((>"$1:&((15)((.5((>*#((%&,"*:&((.5(,5(
$=,G1'*#(($>$15D
S((F$V((((2&((((3&(((%)J%3&13*W(((E$3$/(((()*:&J$3)#D((((%&3B&$=5(;$13&'"%$U(((Y1G%:&?:&(61","3$:"1()%(.3$)%(2&(
6"2&$(0%$*%:&$(PY"9"?$1)')*J_U
S((<)#((((2&J$*((($T)%.((($:G:(((2&(((%&41)W(((0%:1&$95(((F"':a(F)%51&$%3$/((("((>$:5(((3$1&((($(((>".:((&X:152$:5(
2*%(((!"#G%*$U(EE(0%4B*"%:&?:&((61","3$:"1(6&((\'9&1:U
S((c(((%&41)(((6&%V(((35J*((()%(((%&41)(((61).$3/(((&X6'*35((A*3)7)'(61*%:1&(9)=&/((0%(.:*')'(')*(-)#6B1&a(
;"4$1:U(c()%($2#*1$:"1(>$%$:*3($'($3&.:)*$/(?*J?*((25(:"$:5(".:&%&$'$(.5JL(*#*:&U(K&J$)($15:$:("2$:5/(6&(>1"%:/(
)%(>*'#(0%(3$1&(;"4$1:(0#6*%4&$(2")5(3)3"$%&(0%(351)3*"$1&(3)(1":*'&(6&("(.3$15($91)6:5/(2)65(3$1&'&(:5*$(
9&1&4$:$U(A*3)7)'($(>".:($:G:(2&(0%3G%:$:/(0%3G:(LJ$(,5=):(2&(:1&*("1*U(E%(=*)$()1#5:"$1&/($(.:$:(:1&*("1&('$(3"$25(
6&%:1)($(>*(.*4)1(35(61*#)'(3$1&(,$(')$((9*'&:('$("1$(2&.3B*2&1**(,$(>*(&'U
S((c?:*("(9)357*35(.:1$?%*35/(6&(3*%.:&$(#&$/(?)*&15(A*3)7)'/(61"756*%2)J.&(61".:&?:&(0%$*%:&$()%&*(>&:&(
0%$':&(?*(.)6'&/(3$1&(.$2&('$(9$1/(&X6)%G%2)J?*(6*3*"$1&'&(6G%5('$()':*#$(9)357*3$U(+&($6'&$35(2&$.)61$(&*(?*(
.6)%&(3)()%(154&:(2&('&)/(3&&$(3&('$(&'(0%.&$#%5((?"$6:5h
S((A*J$1(6'53&$(.5(:&(.*#:(#$*($61"$6&U(`*(:)(:&J$*(6):&$(T)3$((3)((#*%&D
S((0%3&13*(.5(>**(.&2)35:"1W(0%:1&$95(&$(3)("(,"3&($2G%35(?w(2"4*:5/(,G1G%2)J?*(0%:1&(9)=&'&(6):&1%*3(1)T$:&("(
T)#5:$:&(2&(#&:1)((2&((7*4$1&:U
A*3)7)'(4&#&(2&(6'53&1&(?*J?*(6'*#95("(#G%5(%)(61&$(3)1$:$(6&.:&(("((9)3$:5((2&((6*3*"1(2&=4"'*:U
ON{00000000000000000000000000000000U
2&,&%*("91$=%*3/(95*$:)'&/(4GTG*&(&$(.&%=)$'/(2G%2)J*(iS(((5!z!!T.>)(+)%:("($2#*1$:"$1&($(')*(]1$%^&%.:&*%/(?*(
%*3*($(6&.:&(1%$(((gU((((;$45(('$((3$6((<u/7*((.6)*'k((."2$:7(___[((H9&14&>1&*:&1/(3)(,"*$(:$/("(3"1&3:&$=5(A*3)7)'/(3"'"$%$(
_B($'$(($((\1#$:&*U(((E$(($#*%:&/((2"%V?"$15D
1J"65:)'(2&(T".($'(&*W(=G#9&?:&(>$:$/(%)#$*(#*&1&U(g(F&()%V(.5(?:*)(&)W(153%&?:&(A*3)7)'/(%&0%7&'&4G%2($')=*$U(
gÖ%:&.:&(>&1*3*:/("(3*)6&?:&(2&(.G%(?*J*('*6&?:&("(6$'#5(V%$(6&(>)%2U(]$:$(7*65(2&(2)1&1&U(C"1:$(LJ$(0%,57$:(35/(
=21$,(Pg("6)%(1&=*.:&%75/(>&#&*'&()1#51&.3(&X$3:(3"%:1$1*)'Uk(Yg.*(3)(#*%&/(.3)#6"/("(.J"(>$3&#(6&(
$%*#$')'(3)(2")5(U(J1TT(<$(.5(>*&(#$*(3'$1/(*%2*35(3)(2&4&:)'(.&#%)'()%*,&1.$'
%&%:1)($3:)'((.&X)$'U
b(K)(*%:1)(%*3*"2$:5(0%(3)?3$(#$*#)7&'"1/(15.6)%2&(&$(.&3/(0#6*%4G%2)J*(6*&6:)'('$:(3)(#G*%*'&U
bb(<&(,1&*(.5(.6)*(3)($.:$W(1G%T&?:&(A*3)7)'U(F&(0%2$:5(3&J7*(,&*(>*(0#9G1'*4$:(6*3*"$1&'&(3)($'&(#&'&/(%J"(.5J
7*(#$*(>*&(4G%2)'('$(#$*#)7&D(H(:G15?:&(>&1#(.61&(1*%4)'(2&(2$%./()%2&(>"1#$7*$(0%3&6).&()%(%)#51(
>*&19*%:&U
S((F&4&:&'&D((4&#&((&$U
S((+:$*(6&(6*3*"$1&'&(#&'&/(61"6)%&(&'U(c(3&'(#$*(.*#6')(#"2(2&($(0%,57$(.5(2$%.&=*U(\.3)':5(3&J7*(.6)%/(6J
$.:$($#(61*%.J"('$(P8$%.&%_((2&((6&((!&&6&19$B%/(('$((-$#9)14U
S((C)%((15#5?$4((35((($#9)'$%7&'&(($?:&6:$)(($>$15((6&((2")5(1G%2)1*/(.6)%&((&$((.$13$.:*3U
S((K)/(35('$(P8$%.&%_(%)(&1$(,"*&(.5(:&(:1".%&?:*/(&X6'*35(A*3)7)'/(95:5*".U(Y&(1&>&1*/(61"9$9*'/('$(P8$%:&1%$(
1"?*&_(2&(6&(F$,*2.:1$..&U(\3"'"/(0%(>*&3$1&(.&$15(.&(.6$14&("(4$1%*:)15(2&(2*%7*U
/(((((]$:$(.3"$:&()%(7*65:(.:1*2&%:(0%(3'*6$(0%(3$1&(A*3)7)'(>$3&()%(6$./(6&(3$1&(&'(0'(31&2&(2&(:$%4"/(?*("(
6"3%&?:&(6&.:&(4&%)%3B*(3)(3*=#&'&(.$'&((3)((7*%:&((2&(("7&'/(((%)#51)'((6$:1)=&3*((?*((%")5U(b((((S(I%2&J*(
3$')'(3$1&(#J$(*=9*:W(>$3&(&$/(>1&3G%2)J?*(6*3*"1)'(0%2)1&1$:U
A&14&#(.).(0%(3$#&15W(0%:1&$95(A*3)7)'(3)()%(1G%T&:(2&
F&(3&W((>$3&((&$/((.#)'4G%2)J.&((2*%((.:1G%."$1&$((')*U(rr((((((((0%:*%2&(3"$12$(61&$(#)':/("(61&,*%&(&'(
$#&%*%75:"1/(.)3*%2J"(?*(*%:1G%2(0%:1J)%(>&'(2&(6*1)&:5/(3)#($(,5=):(&'('$(C1">&.*"%*?:**((2&((61*%((>*'#&U
1$1/(>(>&#&(2*%(151)%3B*(0%(#"#&%:)'(0%(3$1&(.&(6"3%&?:&(3)(3$C_Ä((2&(.65:$1)'(()%)*((.3$)%U
\'9&1:(gTgoç(.).(C&%:1)()%$(#*35(?*(*):&/(>515(6$)=5W(0%:1&$95(g((2$%.G%2((3)(("((>$:5((3$1&((%)J*((:1&3&((2&(
9)1*3
ONL
S((K)(#$*(&(#)':/(153%&?:&(A*3)7)'/(0%,G1:*%2)J?*(2*%(6$1:&%&1$U(((F&((2$:$(($.:$/(("((6"3%&?:&((3)((3$6)'((2&(6"2&(
% I
t
I*:5(.5JL((#$*("351$.35U(((C"1:$(:1&3&(6&(('G%45(&*/(2$11_(0%:1J)%($.&#&%&$(1*:#/(0%3G:(3&*'$'7*(.)%:($:1$?*(0%()1#$(
')*(gg(>"175(((*1&=*.:*9*'5U000000000000000000000000000000000000V0000000000000000000000000000003)(t
S((<&(F)#%&=&)($(>".:($.:$W(>$3&(&$/(61*,*%2(2)65(6{(\3&.:$(:1&3&(:)%5:"1(6&(2&$.)61$(1*%4)')*(2&(2$%./(0%(
3"1%%$(g()%&*(2"$#%&(#$.*,&/(3)%".3):5(.)9(%)#&'&(2&(C&:)%*$(+31"$>Vd(2$:"1*:5((4$9$1*:)')*((&*((?*((>$6:)')*((35(
$1&((4)1$((3$(()%((1G:
S((K)(((#$*((($#(((3B&>(((2&(((2$%./(((.6)%&(((>$:$(((3&$(((0%$':$(0%21&6:G%2)J.&(35:1&(9$1U(+&($?$=5(*%:&%7*"%$:(0%(
3"'7)'("6).(.h(3&1&((:1&*((($.6*1*%&U
S((F&((()%2&(((&?:*(((2&((('"3W(((153%&?:&(((A*3)7)'(((6&(((2&$.)61$(9$1)')*U
S((A".3",$D(((15.6)%2&((&$(($31)U
S((0.((#)':&((3)1,&((6J$3"'"W(,1&$((.5(?:*&((A*3)7)'U
S((C"13)'&/(((0*((($1)%35(((&$/(((?)*&1G%2U
S((<&J$7*(=*3&(,"*(.5(#&14&#(.).(?*(.5(%&(6)%&#(T)351&'&'&('$()%('"3W(0%:1&$95(C"1:$(3)(.*%3&1*:$:&/(0%(3'*6$(0%(
3$1&($T)%4&('$(9$1(3)(((#$:1"$%$((')*U
S((Z"*(2"*(.)%:&7*/(6&.&#%&/(,&.:*:"1**(3)':)1**(4&1#$%&D('&($1)%35((>$:$((3&$(((.)6'5/((3)(()%(((1G%T&:U
S((\*3*($*(%*#&1*:J"/(15.6)%2&(A*3)7)'/(#G%21)(%&,"*&J#$1&/(9"#9G%2)J?*(($:G:((2&((:$1&((6*&6:)'((0%3G:(
9):"%*&1&'&(()%*>"1#&*(.$'&(0%3&6(.5(6G1G*&($#&%*%75:"1U(F)65(3&(,"#(>*(.:$:("(,1&#&(6&J$*3*/(($'2&(,"*((%J"(.5(,5(
#$*(?:&14&7*('$(3)1(3)(6*&:1*?U(Z&7*(0%3&6&((?*((,"*((.5(,5(?:&14&7*((3)(BG1:*&/(3$((%"*/("33*2&%:$'**U(`*($3)#/(#$*(
'5.$7*J"(0%3"'"(2&(,"1951*&(?*(B$*2&#(.).(3$(.5(,5($15:5#(((3)#(((1&4)'&$=5((("$#&%**(((3*,*'*=$7*D
S((K)J*(((3)#6&1*((("(((95):)1*35(((6)*3)7&*(((:$'&W(((0'(((0%2&$#%5(V(C&:)%*$(((6&(((C"1:$/(((=G#9*%2)J*(((>$'.U
S((!"#(((2*%(((<1*#&&$(((?*(((.)3(((2&(((6"1:"3$'&/(((3"#$%25((&'/(95:G%2((6):&1%*3((3)((6)#%)'(((0%(((:&T4B&$U
0%(3)1G%2(.&(15.6G%2&?:&(?:*1&$(35($,&#(9$%*U(A)'7*(9$%*U(F*%:1J"(2$:5(.)%:&#(0#61&.)1$7*(2&(2"$#%&(>"$1:&(
,"')9*'&U(F")5(>&:&/(3$1&(6G%5($3)#(2$%.$.&15(0#61&)%5/($#$:"$1&(2&(9$%*/(0*($1)%35(')*(Q"'>(61*,*1*(
$2&#&%*:"$1&U(m$3&/(6&(T)#5:$:&($?&=$:(?*(6&(T)#5:$:&(0%:*%./(6&()%)'(2*%(.3$)%&'&(.6&3*$'&(2&('$(9$1/(3)(.65:$1(
1$9$:$9*'U000000000000000000000000000000000000000000000000000000U(U
S((\157*(2&(6$135($*($,&$(6">:5(?*(2&($':3&,$/(%)(%)#$*(<f(95):)15/(.&(6*.*3&?:&()%$(2*%:1&(&'&/(>1&3G%2)J.&(3$("(
>&'*%$(?"'2)'(.5)(.:G%4U(<1&2(35(%)(#5J%?&'(3G%2(.6)%(35(,1&*(.5(:$(21$4".:&D
S((C&.&#%&(((35((($.:$J*(((3&&$(((3&(((0%(((I%*)%&$(((+",*&:*35(%)#&?:&("($')=*&/(1G%T&?:&(Q"'>/(.:1&3)1G%2)J?*()%(
2&4&:(#
D+D
> (:&*(((F1$3&/($/(3B&'*:J(&X3'$#5(&'(.)161*%./(1*2^G%2)J*

& -,
_<(SgVá g.W1(AY*( !_!'J;gJ.+V(.(
R.Åg
^K^H:c:000000L

$1:$
bpeK)(((3)#,$J*(((61&7)'(((2&(((,G%=$1&(((3)(((:":)'W(((>$3&(((Q"'>/(U(((G%2)U?T((#G%$((.J"((3&13&:&=&(((#$*(
0%2&$61"$6&U
+&(0%,"*&.3(6&%:1)(6$:1)(.):$1&(?*(2*.6$1(61*%()?$(3$1&(6"$1:5
*%.31*67*$(PEKYEA_U
<G:&,$(#*%):&(#$*(:G1=*)/(Q"'>(.3"$:&(3$6)'(6&()?5(?*J?*
>')*&15((3G*%**J')6U
\3&?:*$((2$)((9)=%$((2)65((&'/(('5:1G%2((>&1*3*7*U
b(H(.J"((1&4)'&=&((?*((&*W((0%:1&$95(((A*3)7)'/((B"'9G%2)J.&U
bJ(Y":(3&(.&(6"$:&/(.6)%&(C"1:$U(Q"'>(*)9&?:&(>"$1:&(#)':
$%*#$'&'&U
H(#G%5(.)97*1&/(3)()%4B**(,"6.*:&(0%(,&12&/(0%3&6&(.5(#G%4G*&(:$%21)(*%:&1*"1)'(3"$6.&*(')*(@1&4"1U(AG%$(0?*(
31"*&?:&(21)#(0%(6$%:$'"%**(.5*/(0%:1J"(#$%*&15/(3$1&(:152&$=5("
0%2&')%4$:5((&X6&1*&%75U
S((y*J$?(6):&$($.3)7*(.$9*$(3G:($*(3'*6*U(\*(31&2&(35(6'):&?:*(0%(1$*/(.6)%&((&$((.&2)35:"1U(((+)%:((>"$1:&((9)%5(('$(
6$:D
@1&4"1(3B*3":&?:&((2&((6'53&1&U
S((\:)%3*/((B$*D(((+5(((#&14&#((.).((.5((%&J%,*"15#U
S((A$*(((0%:G*(((2$%.5#/(((3$(((.5(((%&(((0%3*%4&#(((3)#(((:1&9)*&/(3*1*6&?:&((&$/((:154G%2)JL((35:1&((1*%4)'((2&((2$%.U
8$(.3)1:5(,1&#&/(2*.6$1(?*(&*(61*%()?$(6&(3$1&/U.31*&(PEKYEA_U(\'9&1:/(:*#*2(3$(0%:":2&$)%$/(3":3"2G3&?:&(3$()%(
6*7*4"*(9&$:/(3G%2("(3"2$%5(3)("3B*(%&41*/(3"#&13*$'*/(0*($6)35(#G%$(?*(?*J"($6$.5()?"1(0%:1&((6*3*"$1&U
rrP(c?:*(>&1#&35:"1/(*)9*1&$(#&$(%&$415/(?"6:&?:&(&$/(">:G%2(?*
&4G%G%2)J?*(?"'2)1*'&U(j+&(>1&$35(6'*%5(2&(.&%=)$'*:$:&(2&(#G%$
IL
/((gV%"V(#*3)'&(."'2$:/(0'(*%,*:5U(-$*(.5(#&14&#/(3$(.5(%)(6'&3*
$
(V_C'5(W*(.5(:1$45(0%(:*%&(\1#$:$(!"?*&(:$1$(.5(>*($6)3$:(.J"(6)*
U((((5U(3)#(:1&9)*&U(((c?:*((61*#)'(3$%*9$'(3)(3$1&(#5(3)'3/(0*
g1:)%.&?:&((&$/((0%((:*#6((3&((.:159$:((0%356&1&$((0%21&6:G%2)J.&
g:1&()?$(3)(.&#%)'(PEKYEA_U(H(.5(:&('$.('$(T)#5:$:&(2&(61&7/
1
(.$((%)((#5((#)?:*D(((c)((%)((.)%:((2&((#G%3$1&D(.)%:(r_$#(1&,&#:(9*%&(#(9$1/(3G%2(#)=*3$(?*(,$3$1#)'(,"3*'"1(
g0%:1&1)6:&((91).3((2&((154&:&(($%*#$'*3&U
I'1*3B/(7T65(6"17$(0%41HOU*:7('G.G%2J"(2*%(91$7&(6&(C&:)%*$/
3
)(()%((:1".%&:(('$(((6"2&$U
H/(21$3&D(4&#&(;$13&'"%$/(4"'*%2()%(6$B$1(2&(f1$=*."1%(Jt(0%4B*7*:)15U(c("('*3"$1&(6&(3$1&("(6"7*(2$(6&(4G:(2"$1(
3)
ONd
3$1&(3
3"%2*7*$((.5((%J$*((B$9$1((2&(($':&((95):)1*(((#$*((%"9*'&(?*(((HH!#*1".)')*((.5J7*((>*&((2*#*%)$:U(
+'1:'
:)*
\'9&1:/(((3$1&(((0%>)'&35(((2*%(((#G%3$1&$(((')*(((61&>&1$:5(2)'3&J$31*?"1/()*:5(.5(#$*(3$1&(0%(4)15/(B"'9$%2)J.&('$(6V$(
ÉD&W:&(')%4(((?*(((%&41)(((2&(((#)?3B*(((?*(((:&%2"$%&(((3$1&(((*%:15(((6&(((&:)'(61&45:*%2)J.&((.5((.$15U(
) 5
à/
A"%4"')'((3$1&(').:1)*&?:&(>&91*'(3*=#&'&(2&(35'51*&($'&(Q"'>/(#$13$(P!".&''*_(2*%(!"#$/(:1$4&(2&(2")5("1*($2G%3(
$&(i(6*&6:(?*(3$2&(6&(.6$:&/(0%(3'*6$(0%(3$1&(61*,&?:&(21&6:(0%V"3'1(6$%:&1&*((3$1&J?*(($1$:5((3"'7**((>*"1"?*U(
_
y*6&:&(.:1*2&%:&(2&(41"$=5((7:A-/!2*%(.6$:&'&()?**(3)(.&#%)'(PEKYEA_U(Y"$:5(')#&$(0?*(0%:"$13&(61*,*1&$(0%:1J
$3"'"/()*:G%2(6G%5(?*(2&(6$%:&15U
S((<1*#5D(((<1*#5D(((B5)'&?:&((>$:$((3&$((0%$':5((?*((.)6'5U(\6$1&(,$'J,G1:&T/(3)(A*3)7)'(6&()1#&'&(&*/(4"'J6)?3GU(
\4*:5
2&$.)61$((3$6)')*(()%((.3$)%U
S((+:$*($?$/(6"6"%$1(%&%"1"3*:D(H(.5J7*(.#)'4(T&4)'(5'$(2&(6):5/((=9*$15((&'/((:)19$:((2&((>)1*&U
S((+51#$%)'(((95*$:/(((%J$(($,):((%"1"3/((1G2&((8&4*"%$1)'(2*%(:"$:5((*%*#$U(((+J$((0%3)13$:((3)(()%((:1$,&.:*:D
S(((K$D(((()1'5((((A*3)7)'/(((($=,G1'*%2((((.3$)%)'((((0%(((()1#$(B"#".&X)$')')*(((0%41"=*:U(((\(((3&1):((3*%3*((.):$1&/(
?*((6&%:1)(3&/(6&%:1)((45"$=$((')*(($*$((.6$1:5D
Y1$,&.:*:)'(&($:G:(2&(0%41"=*:(0%3G:(%*3*(#53$1(%)("9.&1,5(6$%:&1$(4B&#)*:5('G%45()?5/(#G1G*%2U(Y1&3&(3$(>)'4&1)'(
6&('G%45(&$(?*(:1G%:&?:&()?$/(3$1&(61*%2&(3"$2$($%*#$')')*U(C$%:&1$(1$4&(61&')%4(2&(.6$*#5(?*(1*%4)'(2&(2$%.(.&(
&'*9&1&$=5((3G:($*(3'*6*U(+&(15.)3&?:&((?*((?)*&15((>)1*"$.5((35:1&(()?5U((<)((9'$%$(=9G1'*:5/(0?*(0%3"12&$=5((:"7*(
#)?3B**/(4$:$((2&($:$3U((\:&1*=&$=5(3)()%(.$':(&'&4$%:(6&(:&T4B&$U((+)>'$1&$(&*("(#G%4G*&(6&(3&$>5(6&(F"''a(
F)%51&$%3$U(A"1#5*%2(3*)2$:/($3&$.:$(3$2&(3)(>$7$(&*(6):&1%*3(>$12$:5(0%:1J"(>$1>)1*&(3)(6&?:&U(H$#&%**(2&('$(9$1(
.3$65(:":(3&($)(0%(#G%5U(I%(6)13&'(2&('$6:&('$(>1*4$1&(2*.6$1&(0%(6$%:&15(3)("(."19*:)15((61&')%45((?*((4):)1$'5U(
I'1*3B(.&(6'*#95(2&J$(')%4)'(:&T4B&'&*(?*(0%:*%2&("('$95(')%45(.61&("(6"17*&(2&(#$3$1"$%&(3)(1*%*3B*/(0%(:1&3&1&/(0'(
'",&?:&(3)('$9$(0%()#51(6&(<$1'"(H9)=(2&(i('$()%*:$:&$(2&($61",*=*"%$1&(3)(#)%*7*&(2&J*($1)%35(2*%(4)15(61":&=$/(
61"61*&:$:&($(\1#$:&*U(H#)'(.&(6159)?&?:&(3$()%(3$.:&'(2*%((3517*((2&(T"3(('",*:((2&((>)1:)%5U
++JH9&1.3B$1>**B1&1(@&1%&1/(2&('$(F*,*=*$(E/(3&'&91)(2$:"1*:5(91):$'*:57**(.$'&/(0#6*%4&(2*%(>$7$(')*(>$1>)1*$(3)(
>1*6:)15(+,!6)13&'(:"3#$*(3G%2(6$%:&1$(>$3&()%(.$':(.61&(&'(3)('$9&'&(2&.>53):&U(A$*($6)35(.5(.3"$:5()%(7*65:(
4G:)*:/(0%$*%:&(3$(>&'*%$(.5(.$15($.)61$(')*U(8&?*%5(*%.:$%:$%&)U(\%*#$')'($2)'#&3$(*%:&1&.$:(3"16)'(%&#*?3$:/(6&(
)1#$(.&(0%:"$13&(35:1&(6)13&')'("&
ONN(((((((((_UJViJ0000000000000iiiiUUi
:"$
E*($h
i(_(3&6&(.5JL(#5%G%3&/(#&.:&3G%2(?*(:1".%*%2/($.:>&'(0%3G:(W*V(#&$($1&(*#61&.*$(35(3&'(#G%3$:(&(H9&1.3B$1>)B1&1)'U(
$:5(V)(((.5(($,&#((%&3$=)1*/((61"1"3&?:&((;5:1G%)'U
:1&9)*(.5J*(>$3&#(,G%:(2&J$*3*/(&(2&(651&1&(;$13&'"%$U(*&6)1&(')*(I'1*3B/(3$1&(.:5(:"'5%*:5(6&()%(2*,$%('$14/
\1
)%(*J$
.3".(($>$15((6&((:"7*((2*%(((9"12&'U
J3&(((J6$g(g)(6*&$35((%*35*&1*/(($>*1#5(((C"1:$((0%>*6:/((($*3*((15#G%&D
b(8$(%$*9$/(("#)'&/((%&((,$((>$3&(("((#)'7*#&((2&(%&3$=)1*/(&X3'$#5((;5:1G%)'/((3"%:1$1*$:U(&(((bb(Z5(2&.3)13$7*(3)#(
?:*7*/(,*%&(2*%(6$1:&$(#&3$#3)')*J?&>
*>(c)(%J$#(,5=):(0%(,*$7$(#&$(,1&"(6$%:&15U(F&(>$6:/(%*3*(%)(?:*$#(35(&X*.:5($?$(3&,$U(;54$7*('$(3$6D
b(+3G1%5,*&/(?)*&15(C"1:$(3)(2*.61&7U(K)(31&2(.5(&X*.:&(3*%&,$(#$*(#G1?$,(?*(#$*(:1525:"1(3$(:*%&U
b(K)(:"'&1&=(3$(6'):"%)'J(#&)(.5($T)%45("($>)1*.*:5(2&(4152*%5(=""'"4*35D(.:1*45(;5:1G%)'/('",*%2(3)(6)#%)'(0%(
#$.5U
b(I'1*3B(C$%:&1$(15#G%&('$(6'):"%)'(O/(B":515?:&(C"1:$(3$:&4"1*3/(j0%21&$6:5(.61&(;5:1G%)'()%(2&4&:(T&4".Uk(F$35(
%)/(?*(&'(?*(&)(%&(,"#('*6*(2&($':5()%*:$:&/(?*(3)(.*4)1$%75(3J"(.GJ7*(6$15
15)D
S((H(.5((>$3(()%(((1$6"1:/((7*65((;5:1G%)'/((0%>)1*$:U
S((A5(>$3*(.5(#"1(2&(1G./(1G%T&?:&(C"1:$U(Y"3#$*($.:$(%J"(.5(>$3*U(`:**(3&(.&(,$(0%:G#6'$(2$35(:"$:5(:515?&%*$(3)(
6$%:&1$(,$(*&?*('$(')#*%5U(<G%2(LJ"1(2*9)*(.:*3'&7**(6&(,*%",$:/(0'(,"1(')$('$(1".:(6&%:1)(3G:&J%(')%5(?*J%(.:&'&/(2&('$(
&X6)%&1&(,"')%:$15('$(,5:5#$1&/(?*(6G%5('$(0%$':5(:152$1&(.$)(3)#(*r"(#$*(=*3&U(Z$(0%3$.$(((2&(((3*%?6&((("1*(
0%3B*."$1&$(((6&(((,*$75/(((6').(((3G:&,$(3"%2$#%51*('$(#"$1:&/($?$/(2&($#"1)'($1:&*U(Z$(>*(.6G%=)1$:($'5:)1*((2&(
6$%:&15/((?*((,G%:)'(('*((.&((,$(T)3$((61*%((9'$%5D
\(2")$(=*/(:&'&>"%)'(<$1:*&1)')*(@&%&1$'(.&(6"1%&?:&(.5(.)%&(>)1*".U
H(((6$%:&15/((($*(((.6).W(((0%:1&$95(((1&3&(((*%:&%2&%:)'J?&>/(A$9.>&'2R&9&'((Q&*%4):U
H(((6$%:&15((((%&$415/((((>*1J$1(((.5((((>*&D((((=9*$15(((0%%&9)%*:(3"%7"6*.:)'(2*,*=*&*U
6(((r(Y&J$*(((7*3%*:/(((>$3&(((Q&*%4):/(((3)((()%(((1G.(((.3)1:U(((Y"$:&($%:B&1&'&(%"$.:1&(.)%:(4$'9&%&((.$)(3&%)?**(?*(($)(
0%((3)1()%(#t:"1(A$*9$3BU
#" rrU(\?:&$6:5(:)(%)#$*D(H(.5(7*(.&(?:&$145(7*&(1G%T&:)'(2&(6&(-**B<$w(($#&%V%:$((.)#91)((3"%7"6*.:)'((2*,*=*&*U(
@&%&1$')'((,"%(<&%7*((((t1>($(')$:rt(1$=%$D(`*J$(*&?*:(6)1(?*(.*#6')(((2*%(3*=#&D(1)1$'$(((%"$.:15(((:&'&>"%*35(((&(((9'"3$:5(
2&((($:G:&$V(($6&')1*(((3)(4&1*(((2&.61&(((6$%:&1&U((((CG%5(((.5(((%&(((2&=#&:*3*#/
Z$ Z&%* 0%
((( (_ (((lC&1."$%5((((.[(((,$25((((3&
ONv
S((K)(61*3&6(3&('&45:)15($)(6'G%4&1*'&(:$'&(3)(%"*/(15.6)%2&($#$9*'(Q&*%4):U(C$%:B&1&'&(.)%:('$('"3)'('"1U(
+*%4)1**(3$1&(.J$1(6):&$(6'G%4&(2*%(3$)=$('"1(.&($>'5(2&(6$1:&$(,&3*%)')*(?*/(2*%(3G:&(?:*)((&)/((6'G%4&1*'&((')*(((E,$%(
%)((61&$((.)%:((')$:&((0%(((.&$#$D
S((\*((("(((6$%:&15(((%&$415((3$1&(($'&$145(('*9&15(((2&((3"'"J3"'"/(61","3G%2)J'&((("$#&%*'"1((($:$3)1*(((2&(((3"12(((?*(
6&:&(((6&(((31&*&1(@&%&1$')'(,1&$("(*%,&.:*4$7*&U(H(*%,&.:*4$7*&($#5%)%7*:5U(;$45(D$(3$6/((21$4)'((#&)((6"13((2&(
61*&:&%D
S((F&((3&(%)((:1$4*(:)("(>)45('$(.$%*:$1(3$(.5J7*(2&$(%*?:&(6$.:*'&W(0'((.>5:)*&?:&((Q&*%4):(6&()%((:"%(651*%:&.3U((\*3*/(
0%(On(C$%=&1/(%)J*(%*#&%*($:G:(2&(.31G%:*:(0%3G:(.5(.&(0%,G1:5(3)(3&,$($:G:(2&(=)1'*)(3$("(6$%:&15(%&$415U(`:**/(
61&.)6)%(35($.&#&%&$(2*B5%**(((#)?35((("$#&%*D
H(T)#5:$:&(2&("15(#$*(:G1=*)/('$(:&'&>"%(.&($>'5($4B*":$%:)'(2*,*=*&*U
S((<&(.&(:":($)2&(3)#(35($7*()#9'$(3)("(6$%:&15(%&$415W(0'(2&.3"$.&(6&($4B*":$%:)'(!&4*#&%:)')*/()%(8&):%$%:(
:G%51(?*(>515(&X6&1*&%75/(61"$.65:(,&%*:(2&('$(?3"$'$(2&(">*7&1*U(C&J$*3*/(6&('$(2*,*=*&/((3*13)'5((:":((>&')'((2&((=,"%)1*(
:15.%*:&U
S((<&(((3)'"$1&((($1&(((C$%:B&1)'W((0%:1&$95(((.&%*%((($4B*":$%:)'(!&4*#&%:)')*U(((K"*(((%J$,&#(((C$%:B&1&((%&41&D
S((8$(((%$*9$/((("#)'&/(((%)(((p&(((:$%3)1*(((,"19&.3/(((.31G?%&?:&($4B*":$%:)'(2*,*=*"%$'/(>"1%5*%2(3$()%(#":"1(3)(
$9)1*(0%3*%.U(c("(>&'*%5(#$1&/($2&,51$:5/("(.5'95:*3*)%&(2*%(T)%4'5/(3$1&(B$'&?:&(3"#6$%**(0%:1&4*(2&(3"6"*U(Y)J7*(
2$*[.&$#$(35(?&>)'(;$:$'*"%)')*(2&(C"'*7*&(A*'*:$15(&('$(9$'$#)3/(0%(35#$?5(2&(>"175/(0%()1#$()%&*((0%:G'%*1*((3)(
$>)1*.*:$((,"$.:15(((2&((6$%:&15((%&$415W
S((F$1/(((2"#%)'&/((,5(($.*4)1(35(((%)(($,&#((%*3*(("((6$%:&15(%&$415/(.&(:G%4)*&($4B*":$%:)'(!&4*#&%:)')*(6&()%(
:"%(.')4$1%*3U(+*%4)1&'&($%*#$'&(6&(3$1&('&($,&#(.)%:(2"*(3G*%*J')6($6$17*%G%2(#&3$%*3)')*J?&>(((Q"'>/(((?*(
$3&?:*$(((.)%:(((7*%)7*(((2*%(((.3)1:/(((3)(6&1#*.*)%&$((3"#$%2$%:)')*U
S((C$.*"%$7*((((2&((($%*#$'&/(((">:&$=5((((1&.&#%$:((($4B*":$%:)'(2*,*=*&*U(C1&45:*7*J,5(6&%:1)()%(:5159"*(6&(3*%.:&(6&(
3B&.:*$($.:$U(+&(($)2&(2&T$((2&(#*?351*('$(<$1:*&1)'(@&%&1$'/(?*(2*%(6$1:&$(6"6)'$7*&*((3*,*'&((2*%((="%5((6'")5((3)(
1&3'$#$7**D
S((F"#%)'&/((((%)(((61*3&6(((%*#*3D((((15.6)%2&((($4B*":$%:)'(!&4*#&%:)')*/(%&$T):"1$:U(K)(?:*)(%*#*3(2&.61&("(
6$%:&15(%&$41$('$(On(C$%=&1U(Y1&9)*&(.5(>*&("(1&41&:$9*'5(&1"$1&U((F&(3&(%)J*(0%:1&9$7*(((6&(((3&*(((2&((('$(((3"16)'(
,&:&1*%$1W
S((Y&J$#(((61&,&%*:/(((1G%T&?:&(((#$'*7*".((($4B*":$%:)'(((2*,*=*&*/(:1G%:*%2(((1&3&6:"1)'U
H9&1.:(((-*%^$(((:"3#$*(((.&(((9519*&1&?:&/(((3G%2(((:&'&>"%)'(((.5)(6$1:*3)'$1(((0%3&6&(((.5((.)%&(((.:1*2&%:U
S((-*%^$/(((.6)%&((&'(((91).3U
bb(-**B%&1.2"1>D(((<&(21$3)V(.&J%:G#6'5('$(1&4*#&%:)'(:5)W
,1&$(.5(?:*&(4&%&1$')'(2*,*=*&*/(>515(%*3*()%(>&'(2&(*%:1"2)3&1&(6"'*:*3"$.5U
S((<&((.&J%:G#6'5W((>$3&(((-*%^$/((3)(("((()?"$15((&=*:$1&U
S((Y)(&?:*(3"#$%2$%:)'/(%)W(F$35(:)(%)(?:**(3&(.&J%:G#6'5/(3*%&(21$3)V(.5(?:*&W(\'*$(2&('$(#*%&(35("$#&%**(:5*(.&(
T"$35(3J)%(>&'(2&(9&.:*&(3$1%*,"15(?*(9$45(41"$=$(0%(6"6)'$7*&U(p)#5:$:&(2*%(3"6"**(#&*(.)%:('$(9$'$#)3(2*%(3$)=$(
&*U(H9&1.:(-*%^$/(2$35(=*3*(35(%)(?:**(%*#*3(2&.61&($.:$/($:)%3*($>'5(35(&?:*(.*%4)1$(6&1."$%5(2*%(:"$:5(\1#$:$($(NJ$(
3$1&(B$9$1(%J$1&D(@&%&1$'>&'2#$1.3B$'')'(0%(((6&1."$%5(((3&1&(((2&((()14&%75((()%(((1$6"1:((($#5%)%7*:((($.)61$(
.*:)$7*&*D
S((Y":)'(((.)%5(((3$((()%(((>&'(((2&(((4')#5(((61".:&$.35/(((2"#%)'&(4&%&1$'/(15.6)%2&(-*%^$/(3$1$3:&1*=G%2(9*%&(
.*:)$7*$U(F&.61&(3&(/zV&'((2&(((9&.:*&(((3$1%*,"15(((*!!!,"19$W
S((K)(7*J$#(.6).W()1'5(4&%&1$')'/(0%>)1*$:U(cJ"(6$%:&15/(6&(:"7*(((21$3**D(((H(((6$%:&15(((%&$415(((351&*$(((*(((.&(
.6)%&(((I'1*3BD
-*%^$(0%3B*2&("3B**V?*(9'&.:&#5(0%3&:*?"1U(K)(#$*($1&(%*3*("(0%2"*$'5()%2&(6"$:&(45.*(6$%:&1$(?*(6&(3"#6'*3**(&*U
Y1$4&(2&(3G:&,$("1*U($2G%3/($&1(0%(6*&6:(?*J?*(?:&14&(>)1*".(.6)#$(2&(6&(>$75U
iS(+&(,$(>$3&(2&()14&%75()%(1$6"1:/(2"#%)'&/(>5452)*&?:&(&'U
S((+6&1/(6&%:1)(9*%&'&(:5)/(.31G?%&?:&(4&%&1$')'U(<$=)'(5.:$(&(#)':(#$*(41$,(2&3G:(07*(0%3B*6)*U(
@&%&1$'>&'2#$1.3B$'')'($(3&1):(3$(6$%:&1$(.5(>*&(0#6)?3$:5(?*(,*%",$7**(.5(>*&($2)?*(0%(>$7$(<)17**(A$17*$'&U(((]*1J$1(
.5((>*&/(H9&1.:U(&(('$:5D(((Z1&$)(1$6"1:)'(:5)(0%(?$*=&3*(((2&(((#*%):&D
S((H9&1'&):%$%:(+"".:D((()1'5((-*%^$(6&()%(:"%(3$1&(15.)%5(61*%(((<$1:*&1)'(((@&%&1$'((($'(((!&4*#&%:)')*U(
H9&1'&):%$%:(((+"".:D(1&6&:5(&'(%&15925:"1/($1)%3G%2)J?*(,*"'&%:(61"."6)'(0%:1J)%(3"'7U
S((H9&1.:U((((.5((((:15*7*D((((9G'9G*&((((0%41"=*:(((($4B*":$%:)'((((.5)/(6"3%*%2(((2*%(((35'3G*&U
S((@5.&?:&JL(((6&(((%&#&1%*3)'(((5'$(((2&(((C"1:$(((?*(((,*%"(((3)(((&'(0%3"$3&/((("3515?:&(((-*%^$(((3)(((%52)>U
S((C"1:$W(0%:1&$95($4B*":$%:)'/(3$1&(%J$($)=*:(%*3*"2$:5(2&(3*%&,$(((3)((($3&.:(((%)#&U
S((8$(21$3)VU("#)'&/(153%&?:&(H9&1.:(-*%^$/(%)(61*3&6*(3B*$1V(%*#*3W(((H9&14&>1&*:&1(((C"1:$/(((*V*1J$1(((.5(((>*&D(
<"#6$%*$((($(((vJ$U(6'):"%)'(((OU(((Y*35'".)'(((.5(((.&(((61&=*%:&((('$(((#*%&(((%)#$*2&3G:/(0#61&)%5(((3)(((6$%:&1$(
%&$415(((I'1*3BD
\4B*":$%:)'(*&.&(0#6'&:*3*%2)J.&(?*(.&()135(0%(f**9&'/(>&1#(3"%,*%.(3J$(>".:(1&6$1:*=$:('$()%(1&4*#&%:(2&(#$%*$3*U
S((0%3":1"/(((-&11(((H9&1'&):%$%:W(((0%:1&$95(((?">&1)'(((3)((()%(=G#9&:((('$14/(((6'*#9G%2)J?*(((6*3*"1)'(((6&(((6&2$'$(
2&(($33&'&1$7*&U
D+9
D+>
S((+5($1&.:5#()%(H9&14&>1&*:&1(I'1*3B(.*J"(6$%:&15(6&(C"1:$/(9G'9G*&($4B*":$%:)'(3"%>)q/($61*%=G%2)J?*("(7*4$15(
_!#G%5(((%&.*4)15U00000000000000000000000000000000000000000000000000000000000000000000000000t
S(((Z$(((.5(((=*35U((('$(((3"#6$%*$((($(((vJ$U(((1G%T&?:&((H9&14&D1&(-&'#&1/(((7G?%*%2(((3$((("(((1$3B&:5U(
>3
(((V((((<1
S(((<"%2)(((3)#((((:1&9)*&/(((0'(((("3515.:&(((H9&1'&):%$%:(('($1$%TG%2)J?*(((%&'*%*?:*:(((:)%*3$((()%*>"1#&*U
S((Y"3#$*((($.:$(((.*(((>$3/(((.5(((:15*7*D((((1G%T&?:&(((H9&14&>1&*:&(-&'#&1/(2&.3B*=G%2(%&1&4)'$#&%:$1()%(6$3B&:(3)(
.$%2,*3*)1*(0%(:*#6(((3&((($T)%4((0%(((>$7$(((9*1")')*(((3"#6$%*&*((($(((vJ$U
-$)6:>&'2R&9&')'(-">>#$%%(2*%(+:$:)'JA$T"1/(.65:".(.*(.*4)1(6&(&'/(.:5(:"'5%*:('$()%(9*1")(3G:(:"$:&(=*'&'&/(
#"?:&%*:(2&('$()%(>".:(3"#*.$1(6"'*:*3/(0%35(#$*(6"$1:5(?'$6**(.5*(1).&?:*U(+$'):5(1*4*2(?*(.&(6'$.&$=5($.:>&'(0%3G:(
$4B*":$%:)'(.5(%)J*(6"$:5(,&2&$(0%35'75#*%:&$(91"2$:5(3)(1"?)U
S(((F*%("12*%)'(<"#$%2$%:)')*/(:1&9)*&(.5($1&.:&=("(6$%:&15/('$:15($4B*":$%:)'/(0%3&13G%2(.5(6$15(.&,&1U(K)#&'&(
&*(&(I'1*3B/(#$*((($2$)45/(((2)65((("(((6$)=5(((')%45(((?*(((.:G%T&%*:"$1&U
S(((C1&$(9*%&/(2"#%)'&/(#"1#5*&(-">>#$%%/(0%:1&=51*%2(2&T$(%&3$=)1*(2&(2*#&%.*)%*(%&95%)*:&U(@&>13*:&1(
A**''&1D()1'5(&'(35:1&(3)1*&1)'(3"#6$%*&*U(j+"'2$:)'(.&($>'5(0%($1B*,5/($61"$6&(2&(&'U($?$(35(()1'&:)'(&(3)(:":)'(2&(
61*.".U((\1(>*(6):):(.5(?"6:&$.35Uk(F5J*(((21)#)'/((($#&7*:)'&D(((C'):"%)'(((OD(((H9&14&>1&*:&1(((C"1:$((?*(6$%:&1$(
I'1*3B(((.5(((.&(((61&=*%:&((('$(((#*%&g0%(((6$.(($'&145:"1U(((\*(61*3&6):W(+5(0%215=%&?:*(%)#$*(.5($6$1*(>515(&*U(?*J"(.5(
#5("3)6(&)((2&((:*%&D(((0%((('*%*$J%:G*/(()%2&J*(($?:&$6:5(("((#"$1:&((&1"*35(6&(615652*7**(((2&(((:&$6$(((:$U
Y1&3&(#$*(9*%&(2&("("15(6G%5(3G%2(C"1:$(0?*(>$3&($6$1*7*$U(E%:15(2)2)*%2(0%(9*1")'(3"#6$%*&*/()%2&(6"3%&?:&(2&(
:1&*("1*(2*%(35'3G*&/(2&(2")5("1*(6&%:1)($4B*":$%:(?*("(2$:5(6&%:1)(-">>#$%%U(F5()%(.$'):(%$=*.:(.*()%(P-&*'_(
15.)%5:"1(0%(7$7$(#$1&')*(:$9'")($'(')*(-*:'&1/(3$1&($(>".:(6).(0%('"3)'()%)*$(2&J$'(')*(+:$'*%U
S(((\T)%4&/(0'(61&,*%&(-">>#$%%/($1)%3G%2)J*("(61*,*1&($:G:(2&(((2)15(((0%3G:(((')*(((C"1:$(((6):&$)(((.5J*(((3$25(((:"7*(
2*%7**U
S((KJ$#((,"*&((.5JL((.$'):(((6&(((])VB1&1W((0%:1&$95(((C"1:$/((3)("()*#*1&(((61&:53):5U
S(((E2*":)'&/(((1$4&(((-">>#$%%/(((%)(((3G%2((($:G1%5((($3"'"D
S(((\:)%3*((()%2&((($1((:1&9)*(((.5((($:G1%&W(((=G#9&?:&(((C"1:$U
S((c?:*($1&.:$:/(153%&?:&($4B*":$%:)'(3)("(,"3&(.6$1:5U(c?:*($1&.:$:/(((1&6&:5/(($15:G%2(($3)=$:"1(((.61&(((C"1:$U
S((\1&.:$:W(((>$3&(((C"1:$(((3$%2*2U(((c)t(((F&(((3&/(((2"#%)'&W
S((C&%:1)(35()#9'*(3)("(6$%:&15(?*(9$4*(41"$=$(0%(.)>'3:)("$#&%*'"1/(7*65($4B*":$%:)'/(0%3&6G%2(.5J?*(6*$125(
.:56G%*1&$(H8

ONe
K)(1%$*($,&#(,"*&(.5(7U*%&#($%*#$'&(2&(.)>'&:(0%(\1#$:$
_Y(%$W((0%:1&$95((C"1:$((3)((%$*,*:$:&/((6"3%*%2((2*%((%")((2*%
z,=M%6+4!2&(:1&*("1*U(c(6&(3$'&(.5(.$'):&(*$15?*(:$9'")'(')*(-*:'&1/
<G
(((0%:G'%&?:&(61*,*1&$(31G%3&%5($(')*(-">>#$%%(?*(.&("61&?:&U
g$1bbb({(((6$%:&15(((%)J*((()%((($%*#$'(((2&(((.)>'&:/(((B":515?:&(((.&3
$
u(gbb(6&1#*:&7*(.5(1$6"1:&=/(-&11(H9&1'&):%$%:/(.5(:15*7*D(:)1)*&(C(1:$(0%(#$%*&1$(.$("9*?%)*:5/(2&(*2*":U(cX*.:5(:":(
>&')'(2&($%*#$'&(2&(.)>'&:/(.5(:15*7*D(0#651$:)'(\9*.*%*&*(7*%&('&*/(?*(0%($/($)(&'&>$%7*U(\?$(35/(2&(3&(%J$?(7*%&(?*(&)("(
#*35(6$%:&15
br(c?:*($1&.:$:/(2&3'$15($4B*":$%:)'/(1"?)('$(>$75U(H(.5(&X6'*3*(<)17**(A$17*$'&(3&(&(3)($%*#$')'(:5)(2&(.)>'&:D(wG'!?*(
3)(6$%:&1$(:$("(.5($T)%4&7*(0%(>$7$(6'):"%)')*(2&(&X&3)7*&U(\7*(1)*%$:(#"1$')'()%&*(T)#5:57*(2*%(Q&B1#$3B:D
bb(C1&$(9*%&/(.5(:15*7*/(15.6)%2&(C"1:$/(1*2*3G%2(1&.&#%$:
61*,*1&$(.61&(:$,$%U(C&1#*:&7*(.5(1$6"1:&=/(2"#%)'&/(35(0%(3$'*:$:&$(#&$(2&(."'2$:(4&1#$%($#(21&6:)'/(3"%>"1#(
!&4)'$#&%:)')*(\1#$:&*/(6$1$41$>)'(O{M/($'*%&$:)'(v/(3)(61*,*1&('$($1&.:)'(?*(2&:&%7*$(6&1."%$')')*(#*'*:$1/(.5(#5(
"6)%("1*351&*($1&.:51*(3$1&(%)(&(0%(3"%3"12$%75(3)(<"2)'(C&%$'($'(Q&B1#$3B:)')*(A$1**(@&1#$%**U(<&1(
$4B*":$%:)')*(6&1#*.*)%&$(2&($(1$6"1:$/(2"#%)'&/(35(H9&14&>1&*:&1(C"1:$(p".&6B(.&("6)%&($1&.:51**/(6&(#":*,(35(
$3)=$7*$(%)(&(0%:&#&*$:5U
VS(c?:*(3)(:":)'(?*(3)(:":)'(7*3%*:/(".:$?W(>1&$#5:5($4B*":$%:)'/(6*&1=G%2)J?*(.:56G%*1&$(2&(.*%&U(K)(#5(25.35'*(:)(
6&(#*%&/()%(">*7&1D(07*(2$*(.&$#$(3&(,"19&?:*/(H9&14&>1&*:&1W
S((C&1#*:&7*((.5((1$6"1:&=/((2"#%)'&D(((H9&14&>1&*:&1)'((0?*((25(.&$#$((6&1>&3:/((.5((:15*7*D
S((M-*$!!2*%((4)15D(("1535*&(($4B*":$%:)'/((*.:&1*3U((F&4&:&'&(0*(>1&$#5:5(6&(:"3)'(4$'9&%($'(6*.:"')')*/(3$(?*(3)#($1(
$,&$(2&(4G%2(.GJL(0#6)?:&((6&((C"1:$U
0%$6"*('$(!&4*#&%:D(0*(6"1)%3&?:&(H9&14&>1&*:&1)')*(-&'#&1/(0%(:*#6(3&(.&(0%21&$6:5(.61&(f)V9&'U(-&'#&1/(3$1&(
#5%G%35()%(3"6$%(2&(3)13$%(?*()%(.$%2,*?(3)(4&#/(.&(61&>$3&(35(%)($)2&("12*%)'U(C1*,&?:&(:53):(3"6$%)'/(0%$*%:&(
2&($(#)?3$(2*%
r(c?:*(.)12/("#)'&W(Kr$*($)=*:("12*%)'(#&)W(7*65($4B*":$%:)'/(0%>*&19G%:$:U
\(*,g("1g*%W(0%:1&$95(-&'#&1/(3)(4)1$(6'*%5(2&(3)13$%U(*%2\e%Vt:$%:)'(0?*(*&.&(3"#6'&:(2*%(159251*U(\1)%35()%(
$#&.:&3(%&2^+Vt(/$9*'(2&("12*%&(?*($#&%*%751*/(.61&(.$:*.>$37*$($(9/J($(')*(C"1:$(`V($(')*(-&'#&1J(F)65(>&1&$.:1$(."*"$.5(zI*(
TgâTÖLL(3"#C$%*&*/(6"$:&(>*(,5=):5(>$7$(9)B5*:5(?*(6"13*%5($
:000000000000000000000000000000000000000D+'
4(.
S((C&1#*:&7*(.5(1$6"1:&=/((2"#V'&D((:1G#9*7&$=5((C"1:$U((+)%:(H9&14&>1&*:&1((4&1#$%((('*9&1/(((.5(((:15*7*/(((.$)(
$1&.:$:W
S((c?:*($1&.:$:/((B5)'&?:&($4B*":$%:)'/(:)19$:/(>515($(.:$(.$(T)2&3&((3)((3&((.3"6(($((>".:((6).5((0%:1&9$1&$U
-&'#&1(.$'):5/(3"9"$15(2*%(f)V9&'(?*(.3"$:&(3B&*$(2*%(3"%:$3:U
S((I%2&((21$3)V((#&14*/((."'2$:W(()1'5(($4B*":$%:)'U(-&'#&1(.$'):5(2*%(%")(?*J?*(6"3%&?:&(35'3G*&'&($:G:(2&(&%&14*3
0%3G:((0#61"$?35((0%(T)1((3)(((%"1"*U
S((C&1#*:&7*(.5(1$6"1:&=/(2"#%)'&/(3"%>"1#(!&4)'$#&%:)')*(\1#$:&*/(61*="%*&1**(0%(.:$1&(2&($1&.:(6":(>*(
:1$%.6"1:$7*(2"$1(2&(35:1&(6&1."%$')'($):"1*=$:U(K)#$*(3&*(3$1&($)(2&6).()%(T)15#G%:(.6&3*$'(((6":(((>*(((0%.513*%$7*(
3)((("((($.&#&%&$(((#*.*)%&/(((.5(((:15*7*D
S((\:)%3*/(((#51?5')*&?:&((0%$6"*((6G%5(('$((<$1:*&1)'((@&%&1$'/(B":515?:&(.&3($4B*":$%:)'U(FGJ#*(3B&*'&(?*(
2"3)#&%:&'&(#$?*%**U
SU(C&1#*:&7*(.5(1$6"1:&=/(2"#%)'&U(K)(6":('5.$(,&B*3)')'($3&.:$(2*%(#G%5(>515()%("12*%(.31*.(2&('$(<$1:*&1)'(
@&%&1$'($'(!&4*#&%:)')*/(.5(:15*7*D(153%&?:&(-&'#&1/(.$'):G%2(2*%(%")U(F$1/(?$(:15*7*/(2$35(2"#%)'($4B*":$%:(0'(,$(
$1)%3$(6&(H9&14&>1&*:&1(C"1:$(2*%(#$?*%5(.$)(2$3GJL(,&7*(2&3'$1$(&'*9&1$:/(2"#%)'&/($:)%3*(,5(6":(2)3&(0%$6"*('$(
<$1:*&1)'(@&%&1$'/(.5(:15*7*D
F)65(3G:&,$(#"#&%:&(2&(4G%2*1&/($4B*":$%:)'(0'(2&3'$15(6&(C"1:$(&'*9&1$:(:&#6"1$1U(Y"3#$*(25(.5(.&($?&=&(6&(
9$%3B&:$(f**9&')')*/(3G%2(3&,$(')%4(?*(%&41)(:1&3&(>)'4&15:"1(6&('G%45(&'(?*(U($:&1*=&$=5/(3)()%(=4"#":(0%>)%2$:/(
6&V9$%3B&:$(2*%(.6$:&U(c(I'1*3B/(3$1&(EJ$(1&45.*:(6&(C"1:$/(?*(3$1&(.$2&($3)#(#G%21)(0%$6"*$(')*/(6&(9$%3B&:5U
\4B*":$%:)')*(*(.&(0%#"$*&(6*3*"$1&'&(?*/(3)()%(4G'4G*:/(3$2&(0%(%"1"*/('G%45(f)9&'U
S((c(#"1:W(0%:1&$95(-&'#&1(%&65.5:"1/(0%:*%=G%2)r.&('&%&?U(F"$#%&/($#*3&/(0%(3)1G%2(%$J*(,&*(#$*(6):&$(
%)#51$(6&(:"7*(3&*(3$1&((.J$)((3)157$:((2&(($:$3((2&((3"12((2*%((3$)=$((#G7&*((:$'&D
S((-$*(.5JL(.5':5#/(B":515?:&(C"1:$/(?*(.J"(0%:*%2&#($3$.5('$(<$1:*&1)'(@&%&1$'U(<"#$%2$%:)'(,1&$(.5(,"19&$.35(
3)(I'1*3B(?*(3)(((#*%&U
<$1:*&1)'(@&%&1$'(&(0%(6'*%5($'$1#5(?*(2"#%&?:&("(#$1&(3"%>)=*&/(0%(3'*6$(0%(3$1&(C"1:$(?*(I'1*3B(0?*(>$3($6$1*7*$U(
Y1&*(>)%37*"%$1*(0%3&6(.5(:1&#)1&/(3G%2(6$%:&1$('&($1$:5(3"'7**(&*(')%4*U
S((<&(#$#$(21$3)')*(&(0%(3$6)'(:5)/(C"1:$W(0%:1&$95(H9&1.:(-*%^$(6&()%((:"%(3$'#(2$1(?*($#&%*%75:"1/(0%(:*#6(3&(
C"1:$(6"3%&?:&((2*%((35'3G*&((0%((>$7$((9*1")')*U(((`:**((3&(.31*&(0%((3$1:&$($%*#$'&'"1(2&.61&((9&.:*$(2&(3$1&($*((>53):(
1".:W((c("()3*4$?GU(I3*2&(:":(3&(0%:G'%&?:&(0%(3$'&/(?*($.:$(6&%:1)(35J*(6'$3&(.5()3*25D
bb(C&1#*:&7*(.5(1$6"1:&=/(2"#%)'&/(3$1:&$J*(6'*%5(2&(#*%3*)%*(2&('$()%(3$65:('$($':)'U(I'1*3B(&(9'G%2(3$()%(
#*&')?&'/(2"#%)'&/(&(%)#$*(T)35)?U
bb(K)(,1&$)(.5(#$*($#(%&3$=)1*(2*%(3$)=$(:$/(C"1:$U
C$%:&1$(:1&9)*&(.5(2*.6$15U(`*(2$35(&$(%)(2*.6$1&(2&()14&%75/(2*.6$1*(:)(0%(>$7$(<)17**(A$17*$'&U(<)#("(.5(>*)(0%(
.:$1&(.5J7*(.3$6(6*&'&$(2&(3'$:$($.:$/(%)(?:*)/(=5)/(2$1(9$45('$(3$6/(&(6&%:1)()':*#$("$15(3G%2(:&($T):U(!592$1&$(#&$(
$($T)%.('$('*#*:5U(E&?*/(2$1(>**($:G:(2&(9)%(?*(*$(#"%.:1)'(5.:$(%&41)(3)(:*%&U
C"1:$(6"3%&?:&(2*%(35'3G*&/(.$'):5(?*(*&.&(6&()?5(2&J$J%251$:&'&$/(0#61&)%5(3)(I'1*3BU
S((<5(,&%*(,"19$/(3&(.J$($'&.(2&(I'1*3BW(0%:1&$95(-&'#&1(0%:1J"(=*/(3G%2(0'(0%:G'%*#(0%:G#6'5:"1('$(4$1$(2&(#51>)1*(
2*%(-$1^",/(2&()%2&()1#&$=5(.5(')5#(0%(61*#*1&(3G:&,$(:$%3)1*(%"*
Y*V4&1U
S((\(&#*41$:(0%((+)&2*$/(>$3&(C"1:$($95:):U(+J$(.5:)1$:(2&(2*3:$:)1$((4&1#$%5U
S((0%(+)&2*$W(&X3'$#5(-&'#&1/(15#G%G%2(3)(4)1$(35.3$:5U(H(6$%:&15((%)((6"$:&((6'&3$((%&:$#J%&.$#((0%((+)&2*$D
S((F$35(?:**(.5(:1$4*(.>"1*'&/(6"$:&/(15.6)%2&(C"1:$U(\(')$:()%(:1&%(.$%*:$1(.61&(8*9$)U(\3"'"(.J$(.)*:('$(9"12)'()%&*(
9513)7&(.)&2&=&U((((\3)#/((((61"9$9*'((((35((((.&(((6'*#95(((61*%(((+:"3^B"'#/($2#*1G%2(')#*%*'&(,*:1*%&'"1U(`*J"(>*(
>53):(1".:(?*(2&("($':5bB$*%5(2&(9'$%5/(3)(6*357&'&/(0%('"3)'(3&'&*(%&41&(6&(3$1&("($,&$U(E%(3$=(35(@&.:$6")'(#$*(&(
0%35(6&()1#&'&(&*/(6)7*%(3$#)>'$T(%)(.:1*35U
D,)
LC-*7!/(,A'$,!.7!*@;/$&70!/$045!;$!-4(3-4,!8%/3/+,-'%-!/(,A'$,5!-/'%*$!<30!)-%.-!3!0$,!.-'!/(,$!0$$!+,!
A30A,!-.'4(-!'%'$!3(-;!*-(,!%,!./7!8%!*-),5!;$!8%!'(0-!%3-./(7!<-!(70@%,!+3-(!'%!03(0-%!+,!03)3:"!N' !
%,!4'/,0!4,(0$/,!.7!-<,0!0$)7!=-|7!+,!434')-B$-!*$<$)7"!K<,0!0$.$'%,-!.7!8%-$%/70!.$!.7!+$./('&,0!*@/!0-$!
(,4,+,!=3(B,),!$%-0$*,"
d7:A3$')!,!(7:A3$5!.$!,!%,0$)3.">
@&%&1$'(((;1$2'&a
o%!*@(+!+,!&@;/,!&7)7&$3-.,!/(,*,!4($%!4$-B-!4)$%7!+,!4(-="!8;$!8%/$%+!&@/'($),!;$!=@)=@$,!+$%!-($4$" !
J(,/'/$%+,%$!,!)$%$;/,"
S((?7&7'%-!-./-6$!47(7.$/75!=-*,!*30-%+-%/')!+,!4)'/3%"
S((#7!!0-$!!-;/,4/70!!4'=$%5!!!.4'%,!!!/-%*2$./')"!!!J'/,0!!-<,-!.'(4($:,!!+$%!4-(/,-!)'$!h<-%"
R,),!4-/('!/-%*'($!-),!4)'/3%')'$!.'%/!+,9-!4(,&7/$/,!+,63!3(7!4,%/('!-/-*"!8%!.-/!+30%,;/,!3!-/03.=,(7 !
./(-%$,!;$!.$%&'(')!.,0%!+,!<$-}7!,!*@(+')!+,!&@;/,"
S((M(,A'$,!.7!$%/(705!.4'%,!*30-%+-%/')!+,!4)'/3%"!M(-%.0$/,!.,0%-)')!*,)3()-)/,!/(,$!/-%*'($"!E!)'70 !
+$(,*/!4($%!(7'"!#6-(!4'/,-!*-!43+')!.7!=$,!0$%-/5!;$!%'!*(,+!*7!<(,k$!.7!<7!/(,:$B$!)'-B$!4,!.'.!+,!.'=)'!;$ !
-:<@()$B$!8%!!(-$5!!!%'Q
M(-<,(.,-:7!(@')5!-9'%&!4,!*,)7)-)/!0-)5!+7(@07!+3'7!*3)$A,!+,!470@%/!;$!-43$!.,!34(,.*!8%!0$9)3*')!4$,),$!
.-/')'$"
W@;/,),!&@&@$,5!-&$/-/,"!o%!&@.*-%!.,!%74'./,;/,!.4(,!/-%*'($5!;'$,(@%+!;$!=@)=@$%+!+$%!-($4$"
S((R3%+'*/3(')!;$!/(7&7/3(')!+$%!/'(,)7!.7!(70@%7!8%!<,2$*')5!43('%*,;/,!*30-%+-%/')!+,!4)'/3%"!!R,$)+)=$5 !
-=-(7P!E!.7!=3)3.$0!*@/,<-!!+$%!&@;/,),!-./,-P
M'(,)-!.,!+,.*2$+,!A('.*"!d@:@%+!%,A'%,;/,5!0,0A($$!,*2$4-9')'$!.-(!+$%!/-%*!;$!43(%,.*!8%!'(07($(,- !
&@;/,)3("!o%')!+$%/(,!,$!/3*0-$!(,';,;/,!.7!4($%+7!'%-5!*@%+!3!4';*760$/(-)$,(+!8%*,4,!.7!)-/(,5!804(3;*7%+ !
4$-B-!*'!&)3-%B,5!8%/(63!*)$475!4($<,)$;/,-!.,-07%7!*'!*,-!+$%!*'(/,-!'%'$!-A-/3("!M-%*2$;/$$!.'%/!-('%*-}$!
4($%/(,!&@;/,),!8%.47$0@%/-/,"!C3$!.3)+-B$!&(-<!(7%$B$!%&'!()'*"+*"+,"!-)(+'."/&(01%"!0),"!(&'2)%3"(==$=6$>9$4$
?
q
OvO000000000000000000000i
#3)+-=$$!(';$!%7<7),.*!-=-(7!+$%!*3)$A,"!W(,%-+,),!,D4)3+,-:7!;$!/'(,),),!/-%*'($)3(!.,!8%*2$+!A('.*" !
M'%'($),!'()75!$-(!4';/$),60$/(-)$,(7!)-/(7"
8%*7(*7/'($!,D4)3:$<,!.'%/!-('%*-/,!8%/(,!;,%$),),!/-%*'($)3(5!:7+7(%$*$%+'6),!3($*,!0-%,<(7G"!F$%, !
%$0,(,.*!.'A!/'(,),5!8%!*@/,<-!*)$4,5!*,),!4-/('!/-%*'($!.'%/!8%&2$B$/,!+,!3!0-(,!$%=,(%-)7!+,!=)7*7($"
N'!+'47!0')/!/$045!/-%*'($),!+$./('.,!.'%/!+,.*34,($/,!+,!*7/(,!'%!d,&$0,%/!J-%:,("!o%!.*'(/!$%/,(0,::35 !
8%/(63!:$!+,!<-(75!8%!<(,0,!+,!(7:A3$"
#")$2+(8'%%#(0'+
S((0%(3)1G%2("(.J"(657*7*/(=9*$15(#&3$%*3)'J?&>(Q"'>/(3$1&(0?*(6)%&((?*(((&'((("(((2$:5((61&7*"$.$(((')*(((6*&'&(((0%(
6&1*3"'((,&%*%2((0%($61"6*&1&$(('*%*&*((>1"%:)')*U((<G%2/(6&.:&(3G:&,$(=*'&/(,"*(61*#*(,&.:&$(3J$*(>".:(615T*:/(
21$4)'(#&)(C"1:$/("(.5(#5(0#95:(3)*/(3)(3&$((#$*((9)%5((?$#6$%*&(>1$%7)=&$.35U
S((\*(((95'&4$1((0%:1&(()1&3B*/((?)*&15(((C"1:$((2&((.)9((#":"1)'(:$%3)')*((Y*4&1U
S((\*(41*T5(.5(%)(:&('",&$.35(0%(7&$.:5(#$?*%$($*$(2&(3).):/(0'($,&1:*=&$=5(Q"'>(3)()%(1G%T&:(.$2*3/(0%(:*#6(3&(
#":"1)'(41&)($'(Y*4&1)')*((&((.3".((2*%((:$%3U
\9*$J?*(:&1#*%5(,"19$/(3G%2(.G1#$(3&2&$=5(?*(#":"1)'(3$2&/(61*%=G%2)J*(2&2&.)9:(91$7)'(')*(;1$%2:/(
Q&1^#&*.:&1)'(3)(#):1$($315U(!&)?&.3(3)(41&)(.5JL(1*2*3&(?*(.5J*(&'*9&1&=&(91$7)'U(\1&(#G%$(=21"9*:5(?*(&(
6$'*2(2&(2)1&1&U
EE(9$%2$T5#(3)#(6):&#(?*JL(2)3&#('$()#91$()%"1(6*%*U(K&(*#6'"15(.5(3B&#5#()%(#&2*3/(2$1(%)(45.*#(%*3*(
)%)'(2*.6"%*9*'/(%*3*(#53$1()%(.$%*:$1U(Z$(:1&9)*(.5($?:&6:&(6G%5(3G%2()%(,$4"%(2&(#$1>5(0'(,$(2)3&(0%$6"*('$(
2&6"=*:U
I%($':(#&3$%*3(0'(1"$45(6&(Q"'>(.5JL(*$(6&(;1$%2:(3)(&'U
S((<1&2(35(($*(:$1$:&(0%('"3(2&(31&*&1/(B"B":&?:&(Q"'>U((\*(*#61&.*$((35((("((.5J#*((0%3$13(,$4"%)'(3)(()%(
#&3$%*3(0#6)7*:W
<G%2/(0%(.>G1?*:/(.".&?:&()%(3$#*"%/(Q&1^#&*.:&1)'(&.:&(2&T$(*%("1:(2*%(3$)=$(6*&12&1**(2&(.G%4&U
Y*4&1)'(')*(;$13&'"%$(.&($>'5(0%(21&$6:$(%"$.:15(3)(#":"1)'(6"1%*:U(Y$%3)'(8&4*"%$1)')*(2)2)*&(0%(6$1:&$(
.:G%45/(3)(7&$,$(:)%)')*(0%21&6:$:5(.61&(3&1U
S((C'):"%)'(((~5!!'$((6".:)1*'&(2&(')6:5D(("12"%5((;5:1G%)'((0%(.:$7*$((1$2*"U(((Y)%)1*'&((S(0%3513$:&((?*(
$.*4)1$:&D
Ovd
A*3)7)'(2&.3B*2&(3"#6$1:*#&%:&'&(#)%*7*&*/(4$:$(.5(0%3$13&(1$6*2(2&(0%2$:5(3&(;5:1G%)'(,$(2$("12*%)'(2&(
2&.3B*2&1&($(>"3)')*/(0%(21&$6:$/($1&("9)=&'&(91*=$%:&(3)(,G1>)'(4$'9&%/(0%(.:G%4$/(6&1>"1$%:&'&(3)(,G1>(%&41)/(
0%(.6$:&'&(')*($:G1%5("9)=&'&(*%3&%2*$1&(3)(,G1>($'9$.:1)U(c(>"$1:&(*#6"1:$%:(.5($'&4*(.*(.5(>"'".&?:*(2&(>*&3$1&(
2$:5(%)#$*(#)%*7*$(6":1*,*:5U(\1(>*("(3$:$.:1">5(?*(6&%:1)(&3B*6$T(?*(6&%:1)(,&B*3)'(2$35(.&1,$%:)'($1(>$3&("(
41&?U&$'5U
S((C$%=&1/(((#$1?D((("12"%5(((3"#$%2$%:)'(((3"#6$%*&*/(H9&1'&):%$%:(((8"R&U
0%(>"1#$7*&(2&.>5?)1$:5(0%(,G1>(2&(.54&$:5/(Y*4&1**(6"1%&.3()1)*%2(?*(=21"9*%2(:":(3&('&(.:5(0%(3$'&U
H(.)'*75(2&(>'5351*(7G?%&?:&(2*%:1&(1)*%&'&()%&*(3$.&U(I%("9)W(.3G%:&*&:"1('",&?:&(:)1&'$(?*(1*3"?&$=5(,&1:*3$'U
S((F1&6:(0%$*%:&U(C"=*7*&($%:*:$%3(*%$#*35U(Y)1&'$("1$()%)D("12"%5(((;5:1G%)'U(((C$%=&1/((.:$*D(((0%3513$7*((3)(
91*=$%:&U
S((F&=$.*4)1$:/((($%)%75(((A*3)7)'/(((0#6*%4G%2((()%((("9)=(((3)(,G1>)'((4$'9&%((0%((3)'$:GU
I%(,)*&:($.)1=*:"1(.6*%:&35(3&$7$(2&$.5/(?*(:)%)'($%:*:$%3(&($1)%3$:(0%($&1(0#61&)%5(3)(15#5?*7&'&(0%.G%4&1$:&(
$'&(&3B*6$T)')*(.5)U
S((0%3B*2&7*((:)1&'&'&D(((C$%=&1/(((#$1?D(("12"%5(((;5:1G%)'U(<&*((?$6:&(.):&(2&(3$*(6):&1&($*((Y*4&1*'"1(2)2)*&(
.5'9$:*3/
0%$*%:G%2((=4"#":".((61*%((.$:U((@5*%*(0%.65*#G%:$:&($'&$145((0%(:"$:&((2*1&37**'&U
I%(41)6(2&(."'2$7*(1)?*(.&(%56).:&.3(0%41"=*7*(.61&($256".:)1*'&(.56$:&(0%(65#G%:U(I%(?*1(2&(:1$."$1&(2*%(
#*:1$'*&1$(2&(6&(:)1&'5(7G?%&?:&(35:1&(&*/(0*('",&?:&(?*J*(2"9"$15(0%(61$>)'(21)#)')*U(H$#&%**()1'5(?*(61*,&.3(
0%41"=*7*(:$%3)1*'&(3$1&(.&(0%21&$6:5(.61&(&*U(`&%*'&'&('$:&(0*(.:1*,&.3(3"#6'&:U
Y1&3&#(6&(.)9(%*?:&(1)>&(6).&('$().3$:U(8&%T&1*&(2&(3"16/(3&$1?$>)1*(?*(61"."$6&(.&($4$75(2&(:)1&'&'&(?*(2&(
:)%)1*'&(:$%3)1*'"1/(>'):)1G%2($.&#&%&$(.:&$4)1*'"1(0%:1J"(=*(2&(6$1$25(#*'*:$15U
S((C1&3*.("(.5($6$15(0%(PC1$,2$_(2&(#G*%&h(PI%*:57*(4&1#$%&(C$%=&1(T&>)*&.3('&%T&1*$(1).&$.35_/((1G%T&?:&(
C"1:$/(($65.G%2(6&(6&2$'$($33&'&1$:"1)')*U(]*J'&J$1("3B**($*(21$3)')*/(153%&?:&(&'/(%)(#$*(,52(%*#*3U(H(
6&1&3B&(2&(3B*'"7*($'9$?:1*(0#*($3"6&15(>$%:$(2&(("9.&1,$7*&U
<)()%(=5%45%*:(.:1*2&%:/(:$%3)'($')%&35(0%:1J)%(?$%7($%:*:$%3U
S((<&((%$*9$((>$3*W((9"#95%&((;5:1G%)'U
S((C5*($#(.6).(35(%)(#$*(,52(%*#*3/(.&($6515(C"1:$U((H(6&1&3B&(2&(3B*'"7*(3"#)%*?:*(0#*($.:)65(,&2&1&$D(
F"$#%&/(3&(2&($1#&(>"'".&.3(?*(1)?**(5?:*$D(F&(3&(%)($,&#(61&45:*:()%(6'$%(2&($651$1&(6&%:1)(3$=)'(0%(3$1&(
%&(9"#9$12&$=5(,&3*%**(3)(3B*'"7*(OvN
2&(2$#5W(\#($,&$(%&,"*&(2&("(3*13)'$15(2&('$(>$91*3$(2&(BG1:*&($(')*((+$''aD
+:$7*$((1$2*"((=9G1%G*&((3)((0%,&1?)%$1&U(((!5.6)%2&((;5:1G%)'U
S((<&(((21$3)V(((>$3*/((((;&*&1/(((153%&?:&((($4*:$:(((3"#$%2$%:)'(3"#6$%*&*U(E&?*7*("2$:5(2*%(41"$6$($*$/(>*1J$1(
.5(>*&/(2$35(%)/("(.5(,5(:1&=*7*(0%(>$7$(<)17**(A$17*$'&D(K)(:1&9)*$(.5(,5("61*7*D
S((\)(((3)((:"7**((1$B$:((0%:1&(()1&3B*/(($.:$((&/(=9*$15((&%&1,$:(C"1:$U(!":&?:&(?*($#9$'&$=5(Y*4&1)'/(0%3&13G%2(
.GJL(.3"$:5(2*%(3$63$%$((6&%:1)(((:$%3)1*U(((c(((%&,"*&((2&(($T):"1)'(()%)*(($':((:$%3(6&%:1)($(&'*9&1$(2*%(41"$65(
3&'&(?$*=&3*(?*("6:(:"%&(2&(#&:$'U
0%(3&'&(2")5=&3*(2&(#*%):&(3G:($#(>".:(*#"9*'*=$7*/(0%:1&$4$(61*,&'*?:&(2&(6&(3G#6)'(2&(')6:5(.J$(#"2*>*3$:U(
Y$%3)1*(1).&?:*(1"*&.3(61&:):*%2&%*/($'*%*$:&(?*(&'&(0%(>"1#$7*&(2&(.54&$:5U
K&("61*#/(:1$4&#/(9"#9$125#(3)("9)=&(6"=*7**'&($%:*:$%3/(.:1*,*#()%*:57*(2&(*%>$%:&1*&/($3"6&1*#($256".:)1*(
?*(:&13*)*#("$#&%*U
Y$%3)1*'&(*%$#*3&(.&($>'5('$(3*13$(2")5(#**(2&(#&:1*(/(2&651:$1&l(3G:(:*#6(%)(.&($61"6*&('$(#$*(6)7*%(2&("6:(
.):&(2&(#&:1*/(%)(1&61&=*%:5()%(6&1*3"'l('&(6):&#(%*#&1*(2&('$("(#*&("6:(.):&(#&:1*(2*.:$%75U(Y)%)1*'&(%"$.:1&(
')%4*(2&(ee(##/(3)(61&3*=*$('"1(&X:1$"12*%$15(?*()%4B*)'(#*3(2&(>"3/(6":(2*.:1)4&("1*3&(:$%3(*%$#*3U
\#9&'&(3"#6$%**(2&(Y*4&1*(.&(41)6&$=5(0%:1J)%()1*$?(,G1>(2&(.54&$:5(?*($1)%35("(6'"$*&(2&("9)=&(0%(
9'*%2$:&'&(1).&?:*(3$1&(.&($61"6*&(:1&6:$:U
0%:1J"(3'*65/(0%:1&$4$(.:&65(2&,*%&()%(3*#*:*1(*#&%.(2&(:$%3)1*D
m*)$(0%."1*:5(2&(,$15(.&(0%:)%&35(2*%(3$)=$(%"1*'"1(2&%?*(?*(%&41*(2&(>)#/(3$1&(.&(0%$'75(2*%(:$%3)1*'&(3&($12U(
Y":)?*/(.&(6$1&(35(1)?**($)(0%,57$:(3&,$(2&('$(%"*U(+&($,G%:5(0%$*%:&(3)(,*:&=5(#$X*#5/(0%3&13G%2(.5(.&(
$61"6*&(2&('*#*:$(2&("6:(.):&(2&(#&:1*($(1$=&*('"1(2&($37*)%&(?*(.5J?*(>"'".&$.35(:)%)1*'&(2&(no(##U(S(y*%&7*J
*('$(2*.:$%75D("12"%5(61*%(1$2*"(3"#$%2$%:)'(3"#6$%*&*/(0#615?:*$7*J,5D(\:$3$7*(>'$%3)1*'&D
<5'2)1$(2*%(:$%3)1*(2&,*%&(*%.)6"1:$9*'5U(+)2"$1&$(3)14&(?*1"$*&(6&(%"*(?*(.)%:&#('$(>&'(2&(%&41*(3$(?*(
\'9&1:U(F"$1(4'"9**("3)'$1*(?*(2*%7**(%&J$)(#$*(15#$.($'9*U
I%(YJdN(&($1)%3$:(0%($&1(2&$.)61$()%&*(#",*'&(?*/(3)()%(6'&.%&:(.&3/(3$2&(6&.:&("(#*%5U(C$1&(35(.&($>)%25(3)(
:":)'(0%(65#G%:/(0%(3'*6$()1#5:"$1&/()%("9)=(6&1>"1$%:(.&(0%>*4&(0%(9'*%2$T)'(>1"%:$'(2&(o{(##($'(:$%3)')*U(
Y)1&'$(31$65(?*(7&$,$(:)%)')*(.&(1".:"4"'&?:&(0%:1&(2"*(9"'",$%*(3G:(:"$:&(=*'&'&U
H(3"#6$%*&(2&(:$%3)1*(41&'&(fQJO($,$%.&$=5(0%('*%*&(21&$6:5(?*(.&("61&?:&('$(#$14*%&$(652)1**U(8*#9*(2&(
>'5351*(7G?%&.3(2*%(7&,*'&(:)%)1*'"1(2&(Lv{(##U
JVUJiJVUU000000000000000000V0000000000000000000Ovv(((U
Y*4&1)'(')*(;$13&'"%$/(3$1&(.&($>'5(3)(6)7*%(0%()1#$(%"$.:15/(6$1&(35(.&()#>'5(3$()%(9$'"%(?*($6"*(&X6'"2&$=5(
0%:1J"(,G',5:$*&(2&(>'5351*U(Y1&*(2*%(3&*(6$:1)("$#&%*($*(&3B*6$T)')*(.&(:5,5'&.3(2*.6&1$7*(6&(65#G%:/(
0%3&13G%2(.5(.:*%45(>"3)'(3$1&(2$%.&$=5(.5'9$:*3(6&()%*>"1#&'&('"1U
Y*4&1)'(8&4*"%$1)')*(.&(0%:"$13&(2*%(21)#(6&%:1)($('&(,&%*(0%($T):"1U
0%$*%:&(3$(;5:1G%)'(.5($6)3&(.GJL("61&$.35/(A*3)7)'(3"9"$15(2*%(:)1&'5(?*(.&(%56).:&?:&(35:1&(:$%3)'(3)61*%.(
2&(>'5351*/(0'(*$(6&(;$13&'"%$(0%(.6*%$1&(3$(6&()%(.$3(4"'(?*("(1)6&('$(>)45(.61&(%"*U(\'9&1:(,*%&(?3B*"65:G%2(
0%()1#$('"1l(41"$=$(*(.&(3*:&?:&(6&(3B*6U
0*($T):5#(.5(*%:1&(3G:(#$*(1&6&2&(0%(:$%3U(A*3)7)'(.&(0%:"$13&(0%(4"$%5(.5JL($2)35(?*(6&(:1545:"1/(351)*$(*J$(
>".:(.#)'.(91$7)'(.:G%4U
<G7*,$(*%>$%:&1*?:*(1)?*(3"9"$15(0%(>)45(2*%.61&(3)'#&$(2&$')')*U(@'"$%7&'&(?)*&15(0%(T)1)'(A*3)7)')*(3$1&(
$'&$145(3)(:"$:5(>"17$/(7*%G%2)JL(6&(:$%3B*.:)'(15%*:(6&()#51U
E&.(2*%(:)1&'5/(0%:"13(#*:1$'*&1$($%:*$&1*$%5(?*(2&.3B*2(>"3)'($.)61$(1)?*'"1U
;'&.:&#G%2/(A*3)7)'(.&(.)*&(6&(:$%3(?*(0%3&$135(.5(*%:1&(61*%(:1$65U(H(.3B*T5(2&("9)=(0*(45)1&?:&("91$=)'U(
+G%4&'&(0#61"$?35(:)%)'(?*(.&(61&'*%4&/(#)12G1*%2)JL(6&(-&*2&U
S((p*4"2**(3"#)%*.:&D(0%T)15(A*3)7)'/(:1G%:*%2(:1$6$(0%()1#$(')*UU
0#*('*6&.3(6)1(?*(.*#6')("3B**(2&(,*="1)'(6&1*.3"6)')*U(8$(:1&*(J.):&((2&((#&:1*((2&651:$1&/(()%(((fQJO((%&(
"3B&?:&U(A5(((B"'9&=(0%(((7&$,$((&%"1#5(($((:)%)')*((.5)U
S((\:$3((2&((:$%3)1*D((()1')((0%41"=*:/(0%((($3&&$?*((.&3)%25/((A*3)7)'((.:1*45h
S((0%3513$:D
<$'3($65.$:(6&(6&2$'$(2&(:1$4&1&U(<)()%(:1".%&:(.&3/("9)=)'(6'&$35(2*%(:)%(?*(.:156)%4&(9'*%2$T)'(>1"%:$'($'(
fQJOJ)')*U(Y)1&'$(0%$':5(&(.#)'.5(?*(3$2&('G%45(:$%3)'(3)61*%.(2&T$(2&(>'5351*U(H(.)'*75(2&(>"3(7G?%&?:&(2*%(
&'U
F"*((:$%3B*?:*((6$1(.).6&%2$7*((0%((,G1>)'((>'5351**U
I%)'(2*%:1&(Y*4&1**(%"?:1*(&(0%4B*7*:(2&(,G',5:5*U(K*3*()%(#&#91)($'(&3B*6$T)')*(%)(1&)?&?:&(.5(.3$6&U(<*%&(%J
$($.*.:$:('$()%($.&#&%&$(.6&3:$3"'/(%)J?*(6"$:&(*#$4*%$(61*,&'*?:&$(">&1*:5(2&(&X6'"=*$($("(.):5(2")5("9)=&(
6&1>"1$%:&(?*(91*=$%:&/(?$.&(#**(4'"$%7&(2&(#*:1$'*&15(?*("6:(.):&('*:1*(2&(3"#9).:*9*'U
C$1&(35("(#$1&(2&(>'5351*(3$19"%*=&$=5(0%:1&4(:&1&%)'U(C'$%:&'&/(3$.&'&/($9."'):(:":)'(2*.6$1&(>515()1#5U(
<G:&,$(9)357*(2&(:$%3(.)%:(15.6G%2*:&(6&(65#G%:U(F*%(#&#91**(&3B*6$T)')*(%J$(#$*(15#$.(%*3*("(>51G#5U
Ovo0000000000000000000000000000000000000000000i
K&("61*#(?*(:1$4&#U(K&%)#51$:&("9)=&('",&.3(:$%3)1*'&(*%$#*3&(?*('&(2*.:1)4U(<&'&(?$.&("1&(2&(0%3'&?:$1&(
>$%$:*35($)(3".:$:(1&4*#&%:)'("(.):5(?$*.61&=&3&('",*:)1*(0%(6'*%U(<"#6$%*$(%"$.:15($1&(2")5=&3*(?*(%")5U(0%(
$3&&$?*(.&$15/(!&4*#&%:)'(On(C$%=&1(&(#&%7*"%$:(0%(H12*%)'(2&(=*($'(\1#$:&*U(Y"7*(">*7&1**/(*%3').*,(p)'*).(
-&*2&/(.&(6'*#95(7$%7"?*/(3)'&4G%2('$)1**U(K"*/(3&*'$'7*/($#(>*(61&>&1$:(3G:&("(6"17*&(2&(6*1&)(2&(3$1:">*(3)(
>1*6:)15(2&(6"13U(F$1(2&=$#54*1&$(')*(p)'*).(-&*2&(%)(3)%"$?:&(#$14*%*(3G%2($>'5(35(%)(*(.&(,$($3"12$(
<1)3&$(2&(]*&1/(3'$.$(EU(0%(1&4*#&%:)'(%".:1)/(%)(61*#&.3($3&.:&(2*.:*%37**(2&3G:(2"*('"3":&%&%7*(3$1&(%)('&(
"97*%).&15(6G%5($3)#U
C"1:$(&.:&($:G:(2&(#51*%*#"./(0%3G:(.&(">&15(.5J*(2&$(')*(-&*2&(61"61*$(.$(<1)3&(2&(]*&1U
S((8$(((3&(((#*J$1((>"'".*(((2$35(((%J$#(((?*((2"3)#&%:)'((3$1&(("(0%."7&?:&/((.).6*%5((-&*2&((0#9)>%$:U
S((F$35(BG1:*$($*$(:&(%&35T&?:&/(1G2&(A*3)7)'/($:)%3*(.5(?:**(35("(.5J7*(>$3(1".:(2&()%$D((+$''a(&(3$()%(>&'(2&(
#*%*.:1)('$(A*%*.:&1)'(2&(!5=9"*(?*(0*(:1&3(:":(>&')'(2&(BG1:**(61*%(#G%5U(K)J*(%*3*(("((61"9'&#5((6&%:1)((&'((.5(
?:$#6*'&=&(("((BG1:*&D
S((C.*B"6$:(((%&:1&9%*3/((($1)%35(((2*.61&7)*:"1(((-&*2&U(((\*(*#61&.*$(35(,*.&=('$("(#&2$'*&(6&(3$1&(%J$?(>*(
0%21&6:57*:(.J"(6"1:W
S((K)J7*(((#$*(((>$3&(($:G:$((.G%4&((15)/((p)'*)./((0'((3"%."'&$=5(C"1:$U(!5=9"*)'(5.:$(%)(.J$(.>G1?*:(0%35/(?*(0%:1J
"(9)%5(=*(07*(,$(,&%*(?*(7*&(1G%2)'U(F$35("(.5(>**(0%(3"%:*%)$1&()%(91$,(."'2$:(4&1#$%/()%3B*)'(\2"'>(07*(,$(2$(
3B*$1(?*(7*&("(9)3$:5(2&(:$9'5(6&(3$1&((.5((7*J"(($457*((('$((3&'((#$*(((9)%((3".:)#U
S((C$%=&1/((#$J$J$1?D(((.&(($)2&((15.6*3$:((0%((.:$7*$((1$2*"U
S((C'):"%)'(O/(0#9$13$1&$D("12"%5(;5:1G%)'/(.:1&3)1G%2)J.&(61*%((:1$6$((:)1&'&*U
Z&1*>*35#($1#&'&/(3"9"1G#(6*&2*3*'&(?*(%&(6)%&#(6*.:"$'&'&(0%(9)=)%$1&'&(2&('$(6*&6:($'&()%*>"1#&'"1U(c(#$*(
'$(0%2&#G%5(.5('&(*&*(2&($3"'"(3G%2(:&(4159&?:*U(F&("9*3&*/(%*3*(%)($6)35(6*.:"')'(.5(6515.&$.35(:"3)'(.5)(
1&4)'$#&%:$1/(?*(&?:*(#"1:U
;5:1G%)'(>$3&()%(4&.:(3*13)'$1(3)(#G%$h(.&#%$')'(6&%:1)(6"1%*1&$(#":"$1&'"1U(<)()%()1)*:(6):&1%*3/(
A$*9$3B)1*'&(2&(?$6:&(.):&(2&(3$*(6):&1&/(3)(2"*.61&=&3&(3*'*%21*/(.)%:(1&$2).&('$(,*$75U
I%(41)6(2&(YJdN(.".&?:&(2*%(2*1&37*$('$%)1*'"1(2&(6"1)#9/(0%$*%:&$=5(1$6*2/(:154G%2(2*%(#&1.U
S((c((("(((6*&12&1&(((61".:&$.35(((2&(((#)%*7*&/(((#G1G*&(((-&*2&($3)=$:"1U(jK)(.)6"1:5("($.&#&%&$(
*%2*.3*6'*%5Uk(8)$J*J$1(%$*9$/(:1&9)*$)(.5(>*(0%,57$:(35(&(3$=)'(.5(.&("61&$.35(0%$*%:&(.5(:1$45D(E2*"7**(((5?:*$(
%&*%.:1)*7*((($1(((:1&9)*(((.5((($T)%45(((0%(((>$7$(((<)17**(A$17*$'&D
V000000000000000000000000000000000000V(V00000000000000000000000000Ovn
S((c)((%J$?("61*(%*3*("(3'*65(2$35(#J$?($>'$(0%:1J)%)'(2*%(P.$'"$%&'&(($'&$((2&(((3&$*[_/(((2&3'$15(((C"1:$U(((\1(
:1&9)*(((.5((#$*($,$%.&=&(0%35(2")5(.):&(2&(#&:1*(3$(.5(%&(6"$:5(=4G1*$(6)7*%(,"6.&$)$(2&(6&(:$%3/(6&(3G%2(
%"*(0*(6):&#(%*#*3*(3G:($*(=*3&(6&?:&D(Y1$4(%)#$*(3$(.5(%&(0%.65*#G%:&/(?*(6"$:&(35("(.5('&(?*(#&$145((3)(()%**(
2*%:1&((%"*D
S((\.:$J*(3&&$(3&(.&(3B&$#5(15=9"*(6.*B"'"4*3/(.6)%&(A*3)7)'(3)(*#6"1:$%75U(K&J$)(&X6'*3$:(#)':&(2&.61&(
:1&$9$($.:$('$(?3"$'$(2&(4&%*)(2&('$(;$#9&14U(K&(T)3$#(:"$:5(=*)$(3)(%*?:&(3):*)7&(4$'9&%&(2&(:$9'5(3$1&(
9)9)*$)(?*(954$)(41"$=$(0%("1*3*%&U(m*3&$)(35((&(,"19$(2&(6.*B"'"4*&U((Y)($1)%3*(3):*$/(&$(>$3&(P9)>_/(?*(
*%$#*3)'(.&(=4G*&?:&('$(:*%&/(:*#6(0%(3$1&(6"7*(.5(:1$4*(0%(&'(6&(0%2&'&:&(((?*(((.5JL(((#*&1'&?:*D
S((C'):"%)'((O/("3"'*7*(21&$6:$/(,G1>(2&.>5?)1$:(2&(.54&$:5D(15.)%5((,"3&$((H9&1'&):%$%:)')*(((8"R&((61*%(
.:$7*$((1$2*"U
<$(?*(3)#($1(>*(0%?*1$7*(6&($75/(3&*(6$:1)(Y*4&1*($*(6'):"%)')*(3":&.3(.61&(21&$6:$(?*(*%:15(0%(>"1#$7*&U(I1#&$=5(
"(9)9)*:)15($.)1=*:"$1&/(?*("(>'$3515(0%$':5(2&(3G7*,$(#&:1*(7G?%&?:&(2*%:1&(3"6$3**(:*%&1*(2&('$(#$14*%&$(
652)1**U
S((Y)%($%:*:$%3(2&((Lv{(##/(21&6:(0%$*%:&/('$(:1&*(.):&(2&(#&:1*D(((.:1*45(((0%>*"1$:(((;5:1G%)'/((($6'&3G%2)J.&(
*%,"')%:$1(((0%(.3$)%)'((3"#$%2$%:)')*((2&((:$%3U
0'(2&.3"651(*#&2*$:(61*%(,*="1)'(6&1*.3"6)')*(?*(15.)3&.3(#$%*,&'$(2&($T).:$1&U(c(,"19$(2&()%(:)%()1*$?(3)(
7&$,$(0%21&6:$:5(.61&(%"*U
S((8$(.:G%4$/(153%&?:&(($4*:$:((;5:1G%)'U(((C"1:$D((8$(.:G%4$/(>*1J$1((.5((>*&D(((H((.5((%&((>$35((61$>D
S((C&(21$3)V/(1G%T&?:&(%&65.5:"1(C"1:$U(y*%V:&(9*%&/(:$*35D(0%('"3(.5("(*$('$(.:G%4$/(C"1:$($6$.5(3)(:"$:5(>"17$(
6&2$'$
$33&'&1$:"1)')*(?*(.&(0%21&$6:5(0%(,*:&=5(.61&(:)%)'($):"61"6)'.$:U
S((\*(0%%&9)%*:W(61":&.:&$=5(.6&1*$:(;5:1G%)'U(C&%:1)(%)#&'&(')*(((F)#%&=&)/(("61&?:&D(((H((.5((%&(("#"1*(
6&((:"7*D
A5($1)%3(0%2515:)'(6&1*.3"6)')*(?*($?:&6:(.>G1?*:)'(.>G1?*:)')*U
+*#:(35(:)%&:)'(3$1&(6"1%&?:&(2*%(4)1$(7&,**(#5($.)1=&?:&U(H9)=)'(*%$#*3*'"1(:1&3&(6&(2&$.)61$(:)1&'&*/(2$1/(
0%$*%:&(.5(1&$'*=5#(35(%J$#(#)1*:(0%35/(.)%:&#($1)%3$7*(415#$25/(0%:1J"(0%,5'#5?&$'5(2&(91$7&/(6*3*"$1&(?*(
:1)6)1*U
A5('",&.3(3)(3$6)'(2&(9"12(?*(3)(.6$:&'&(2&(#$%*,&'$(2&($T).:$TU(I%(?),"*(2&(.G%4&(#*(.&(.3)14&(6&(>$75/(
"19*%2)J#5(3"#6'&:U
;'*%2$T)'(.31G?%&?:&(?*(4&#&(0%(,1&#&(3&(C"1:$(0%3&$135(.5(.#)'45(Y*4&1)'(2*%(0#9157*?$1&$(3)(:)%)'(
$):"61"6)'.$:(*%$#*3/(2&(3$1&(%&J$#(*=9*:(0%(6'*%5(,*:&=5U
[(F&%)#*1&/(0%(T$14"%(."'257&.3/(6&%:1)(#$.*,&'&(:$%3)1*(1).&?:*(YJdN(T%"/"V"
D,0b
Y1&*(9519$7*(7G?%&.3(61*%(:*$65(?*(.&(0%21&$6:5($'&14G%2(.61&(%"*l($)(')$:(3)(&*(0%35135:)1*(&X6'"=*,&(6&%:1)($(
%&($1)%3$(0%
$&1U
H(1$>$'5(61&')%45(2*%(#*:1$'*&1$(')*(-&*2&(0*(2"9"$15U(F*%(:)%)'(15.:)1%$:(.&(0%$'75(>'5351*(*#&%.&(3$1&(
3)61*%2(?*(B$*%&'&(3&'"1(:1&*(.*')&:&(6159)?*:&('$(65#G%:U(I%(*&6)1&(>$3&()%(.$':(?*(.&($1)%35(0%:1J)%(6G1G)/(2&(
6$135($3"'"($1(6):&$(.356$(2&
%&9)%*$(()#$%5U
S((<&((21$3)V/((*&6)1**((0%"$:5W(&X3'$#5(()*#*:((A*3)7)'U
S((+&((6$1&((35((5.:$(($?$(((31&2&/((1G%T&?:&((C"1:$U
S((Y)1&'$("1$(:1&*/(YJdN('$(2")5(#**(2&(#&:1*U(C$%=&1/(.:$*D(]"3D((("12"%5(((;5:1G%)'((61*%(((.:$7*$((1$2*"U
0%(#"#&%:)'(0%(3$1&(C"1:$("61&?:&(:$%3)'/($65.(6&2$'$(2&(2&3'$%?$1&U(Z52(3'$1(3)#("9)=)'(65:1)%2&(61*%(
:)1&'$()%)*(YJdNU(Y)1&'$(*$(>"3/($6"*/(3)()%(:1".%&:(0%41"=*:"1/(6'&.%&?:&(0%(#**(2&
>51G#&U
S((8",*:0(.:1*45(:1*)#>5:"1(-&*2&/(0%.&#%G%2(3&,$(6&("('*.:5U(`:**((3)#,$((($((3G:$(('",*:)15(($((>".:W((0'(
0%:1&$95((&'(((6&(((C"1:$U
S((c?:*(7*3%*:/(?)*&15(%&1,".(C"1:$U(+)%:(3"%2)3:"1(2&(:$%3/(%)(3"%7"6*.:U((F$:"1*$(#&$(&(.5(:&(2)3($3"'"(
)%2&(6"7*(:)(.$(2*.:1)4*((3&,$/(($:G:$((:":D
I%(.:1*45:(.'$9(2&($T):"1(.&($)2&(61*%(.:$7*$(1$2*"U(Y*4&1)'(8&4*"%$1)')*($(>".:('",*:Ub(ZG',5:5*(1"?**(.&(0%$'75(
2*%(:)1&'5(?*(2*%
#":"1U
0%."7*:(2&(A*3)7)'/(#5()13(6&(:$%3(?*JL(.3"$:&#($>$15(6&(#*3)'('&4*"%$1U(\1&(15%*(41$,&(6&(>$75U(0'('5.5#(0%(
41*T$(;5:1G%)')*U(Y1545:"1)'(2*%(:)1&'5(%)(#$*(6"$:&(>*($T):$:(0%(%*3*()%(>&'U(\1&(9)1:$(.>G1:&3$:5/(2*%(3$1&(0*(
$:G1%5(#51)%:$*&'&(0%.G%4&1$:&U(<"%2)3:"1)'/(H9&14&>1&*:&1(-$%./($(*&?*:(6&(T)#5:$:&(2*%(:)1&'5l(:1)6)'(0*(
$12&(?*(.&($3"6&15(3)(95?*3*(3$1&(.&(.6$14(2&(3)#($6$1U
S((+J"((?:&14&#(Ä'&J$*3*D(((.:1*45((;5:1G%)'U(((F$35((&X6'"2&$=5($3)#/(("((.5((.51*#((?*(((%"*(((0%((($&1("((2$:5(
3)((&'U
\9*$(.:1595:).&15#(2")5(.):&(2&(#&:1*/(3G%2(#)%*7*$(Y*4&1)')*(&X6'"2&$=5//(2*.:1)4G%2(3"#6'&:(,&B*3)')'U(
H(?&%*'5(=9"$15(?*(.&(*=9&?:&(2&(:$%3)'(%".:1)U(8$(0%3&6):/($#(31&=):(35(%&J$('",*:()%("9)=(*%$#*3U
S((?$%3"!!!03-(/,5!!!<$%3"""5!!!>1&2"%&$=5(((8&4*"%$1)'(((0%3&:*?"1/(3'*6*%2((2&.((2*%((3$)=$((.G%4&')*(((3&((*((.&(
.3)14&((6&((>$75U
S((E.615,&?:&(("2$:5/((.&((15.:&?:&((;5:1G%)'U(((K)J*(((%&,"*&((.5(3B&#*(((A"$1:&$U(((H1*3)#/((%&((,$((45.*(
2&.:)'((2&((1&6&2&D
I%(YJdNqev(.&(0%$'75(0%:1J)%(.$':(.6&3:$3)'".(2&(2)65(,G1>)'(**%)*(2&$'(?*($:&1*=&$=5(3)()%(=5%45%*:(0%>*"15:"1(
'$(3G:&,$(.):&(2&(#&:1*(2&(:$%3)'(%".:1)U
:0000000000000000000000000000000000000000D,'
S((F1$3&/(2&()%2&(%$*9$($)($651):(?*(5?:*$D(&X3'$#5()*#*:(;5:1G%)'U
S((F)#%&=&)'(((:):)1"1(((9"'?&,*3*'"1(((*J$((($1)%3$:(((2*%(((1$*/(1G%T&?:&(C"1:$/("3"'*%2()%(CJN(2*.:1).U(
<"16)1*'&(3$19"%*=$:&($'&(."'2$7*'"1((2*%((&3B*6$T(($:G1%5(((2*%((:1$6&U
S((Y1$4&/(:G#6*:)'&D()1'5(;5:1G%)'/(2G%2)J#*()%(4B*"%:(0%(.6*%$1&U(Y)%)'(2&(ev(##($'(YJdNJ)')*(.&(
0%21&$6:5('&%:(35:1&(%"*U
S((I?)1&'/(((1G2&(((%&65.5:"1((C"1:$U(((F)65((&X3)1.*"$1$(($.:$/(*%2*,*=**(%J"1(.5(>*&(3$6$9*'*(.5(#$*(4G%2&$.35(
.$)(.5($)25(3&,$U(H($.&#&%&$($:&1*=$1&(31&2(35(*J$(.3".(3"#6'&:(2*%(>)%37*)%&U
!":&.3(:)1&'$(3G:(6":(2&(1&6&2&/(2$1(6G%5(.5(*$)('*%*$(2&("3B*1&/(2*%(7&$,$(')%45($(YJdNJ)')*(6"1%&?:&()%(T&:(
2&(>'5351*/(?*(Y*4&1)'(&($1)%3$:(0%$6"*U(H(')#*%5("19*:"$1&(65:1)%2&(0%(:$%3)'(%".:1)U
S((E.).&(?*(A51*&D(7*65(A*3)7)'(:&1"1*=$:/(.356G%2(2*%(#G%5()%(("9)=(6&1>"1$%:U((K&%"1"3*7**(($)((:1$.((0%(
%"*D
C1*%:1J"(#*%)%&/("9)=)'(0#9153$:(0%("7&'(1*3"?&$=5('$:&1$'U(<$(((61*%(((3&$75/((("3"'&.3(((YJdNJ)'(((?*((($65.(((6&(
6&2$'$(((2&(2&3'$%?$1&U
+)%&:)'("9)=)')*(3$1&(6'&$35(2*%(4)1$(7&,**(?*(3&'($'(*=9*:)1**(,*%($61"$6&(.*#)':$%U(Y$%3)'(&('",*:(0%(#":"1(?*(
*#&2*$:(*=9)3%&?:&("(>'$3515(4$'9&%J1"?*$:*35U
S((I*:&J*(35(>)4/(153%&?:&(>&1*3*:(-&*2&/(:154G%2("(1$>$'5(0%(2*1&37*$(&3B*6$T)')*/(3$1&(.&(6159)?&?:&(2&(6&(
,&B*3)')'($61*%.U
A*3)7)'(:1$%.6*15(3$()%(.3'$,('$(4$'&1&/(0%(:*#6(3&(3$15(#)%*7*$U(+$13*%$(.&1,$%:)')*(2*%:1J)%(:$%3(41&)(6"$:&(
>*(3"#6$1$:5(%)#$*(3)(3&$($(>"3B*.:)')*(6&(,&3B*'&(,$6"$1&(3)($9)1*U
I%(YJdNqno(0?*(31"*&?:&(21)#(61*%(652)1&/(0%(6'*%5(,*:&=5U(`&%*'&'&(.$'&('$:&(3)'35('$(65#G%:(:)>*?)1*(?*(
3"6$3*/($1)%3G%2)J'&($6"*('$(#$1&(2*.:$%75(0%()1#5U
<)(:"$:&(35(.)%:(2")5=&3*(?*(3*%3*(2&(:$%3)1*(1).&?:*(0#6":1*,$()%)*$(2&J$'(%".:1)/(.)6&1*"1*:$:&$('"1(
%)#&1*35(%)(%&(31&&$=5(61"9'&#&/(2$:"1*:5(#&3$%*.#&'"1(61*#*:*,&(2&("3B*1&(?*($(.:$7**'"1(1$2*"(1)2*#&%:$1&(
3$1&('&(0%41&)%&$=5(6".*9*'*:$:&$(2&($(3"#)%*3$/(0%:1J"(95:5'*&(2&(:$%3)1*/(3"#)%*3$1&$(&.:&()%(>$3:"1(
*#6"1:$%:/(>**%235(.*:)$7*$(.&(6"$:&(.3B*#9$(2*%(3'*65(0%(3'*65U(F$1(3&'(#$*(#$1&(B$%2*3$6($'('"1(0'(1&61&=*%:5(
.'$9$(61&45:*1&($(&3B*6$T&'"1U(F&.&"1*/($3&.:(')31)($:1$4&(2)65(.*%&(6*&12&1*(3$:$.:1">$'&/(3$1&(%)(6":(>*(
.)6'*%*:&(2&(3)1$T)'('"1(>$%$:*3U(+)161*%=5:"$1&(&.:&(?*(0%3&:*%&$'$(1&$37**'"1(1)?*'"1(0%(')6:5U
Y)1&'$(Y*4&1)')*(.&(1":&?:&(?*(:)%)'(&.:&($7*%:*:(3)(41*T5(6&(61$25U(H('*#95(2&(>"3(')%45(2&(3G7*,$(#&:1*(
7G?%&?:&(2*%(7&$,$(?*/(3)("(,*:&=5(2&(6&.:&("(#*&(2")5(.):&(2&(#&:1*(6&(.&3)%25g(U/

=
"9)=)'(=9"$15(.61&(7*%:5U(Y)1&'$(YJdNJ)')*(&('",*:5U(m9"$15(0%(.6$:&'&(:$%3)')*/(1".:"4"'*%2)J.&(3$("(#*%4&/(
?*(.>51G#5(?&%*'&'&($':)*$(2*%(.6$:&U(p)#5:$:&$(2&(T".($(:1)6)')*()%)*(9519$:(.6G%=)1$(2*%(.3$)%)'(2&(
3"#$%25U(C$%:$'"%**(9'&)#$1*%(?*(9"3$%3**(4$'9&%*(.)%:($3"6&1*7*(3)(.G%4&U
S((A*J$1(6'53&$(?*(#*&("(6&1&3B&(2&(9"3$%3*(3$(5?:*$/(.6)%&(C"1:$(61*,*%2($:&%:U(\?(#G1?5')*(61*%(:"$:5(
!).*$(>515(.5(#$*($#((61"9'&#&((3)((95?*3*'&U
S((;"3$%3*/(:)?&?:&(A*3)7)'/(?*(.3)*65()%('*3B*2(%&41*3*".(2*%(6'5#G%**(.5*(6'*%*(2&(%*3":*%5U(-$*(.5(*&?*#(
6)7*%(.5(')5#("(4)15(2&(($&1(61"$.65:((?*((.5(()#>'$#((%"*((9"3$%3**D
S((p&>)*1&$((((3$2$,1&'"1(((.&(((6&2&6.&?:&(((3)(((#"$1:&$/(((0'($,&1:*=&$=5((-&*2&U
S((Z$'"1*>*3$1&$()%&*(6&1&3B*(2&(9"3$%3*(%)(0%.&$#%5(T&>)*1&/(61":&.:&$=5(C"1:$U(H$#&%**(%)(#51?5')*&.3(0%(
C$1$2*.(0%35'7$7*U(E%("1*3&(3$=/(&)(%J$#($)=*:(%*3*"2$:5(2&(,1&)%(0%4&1(3$1&(.5(6"$1:&((9"3$%3*D
S((Y)1&'$("1$(6$:1)/(*%:&1,*%&(;5:1G%)'(0%(2*.3)7*$(%"$.:15U(YJdN/(('$(("((#*&((?$6:&((.):&((2&((#&:1*D
!":&.3(1&6&2&(:)1&'$(0%.61&(6"=*7*$(*%2*3$:5(?*(61*%2(0%(3"'*#$:"1()%(YJdN(3$1&(:"3#$*(:1&3&(61*%:1J)%(=*2(2&(
6*$:15U(c(*#6".*9*'(.5(%)JL(%*#&1&.3U(\65.(6&2$'$(2&(2&3'$%?$1&(3)(.G%4&(1&3&/(0%.5(2*%(7&$,$(:)%)')*(%)(.&(
$)2&(2&3G:()%(.)%&:(>"$1:&
.'$9U
K&()*:5#(3)(:"7**('$(A*3)7)'/(3$1&(.:5(%:65.5:"1(6&(6"2&$(?*
$1)%35((=$1)1*U
S((C&(:"7*(21$3**/((3&((%$*9$(>$3*W(153%&?:&(;5:1G%)'(>)1*".U(C&%:1)((%)#&'&((')*(((F)#%&=&)/((2&((3&((%J$*(
0%3513$:(:)%)'(5'$
9'&.:&#$:W
S((K)((((#$*(((($,&#((((#)%*7*&/(((&X6'*35((((A*3)7)'(((*%2*>&1&%:/($#)=G%2)J.&((0%((3"%:*%)$1&(J3)((=$1)1*'&U
S((\#((:15*:(.J"($)2(?*((6J$.:$/(=9*$15((;5:1G%)'/((.3".(2*%(#*%7*U(((F&((3&((21$3)V((%J$*((1$6"1:$:W
S((C5*/($*(.6).(.5(%&(7*%&#(4)1$/(15.6)%2&(A*3)7)'/(35(?:**(:)(#$*(((9*%&((3&((:1&9)*&((.5((>$3&#D
S((F)#%&=&)'&(#$1&D(.&(:G%4)*&(;5:1G%)'U(<)(3&(7*J$#(41&?*:(2&(#*J$*(2$:(6&(3$6(:"3#$*(6'):"%)'(5.:$(
%&%"1"3*:W(-$*2&7*/(:1&9)*&((.J"((')5#((2*%(('"3D(((<)((:"$:5((,*:&=$((0%$6"*D
C"1:$(.3"$:&(2*%(A$*9$3B(:":(3&(6"$:&(2$(?*(Y*4&1)'(3$2&(0%:1J"(41"$65($2G%35/('$($256".:(2&()3*4$?)'(:$%3(
1).&.3U(H(T)#5:$:&(2&("15(#$*(:G1=*)/(*%:15#(0%('"3$'*:$:&$(Y"13*%/('$(6&1*>&1**'&(351&*$(45.*#(#)%*7*&(?*(
#":"1*%5(2*%(9&'?)4U
K&(.)161*%2&(>$6:)'(35JL(0%:G'%*#($3"'"(6&(#&3$%*3)'1g&>(40'@($A52$BC,/D/5$81$E88FGH'$I2H$GC$0@8JC)$
IHKC)80)L$MH$>18@/)NOL
>53):5('$(3"#$%25(?*(3)(3*=#&'&(9*%&(').:1)*:&/($2).&(:"3#$*(2&('$(((!"#$U
S((\157*(3$("(#"1:53*)%&/(.6)%&(&'(1G%T*%2/(3G%2(25(3)("3B**(2&((C"1:$U(((+6&1((35((,&3*%**(((7*J$)((:5953*:(
6)7*%((>)%2)'D
S((Y)(,&=*J7*(2&(>)%2)'(:5)/(*J"(1&:&$=5(C"1:$($31)U(Z"19&?:*(2&(6$135(:&J$1(3*)6*(:&1#*:&'&(2&(>)2)'**D(\*("(
,"3&(#$*(3&,$(3$($(TG13",%*3*'"1D
S((I?)1&'/()?)1&'/(.6)%&(Q"*>(6&()%(:"%('*%4)?*:"1U(\#()%(6'$%U(\#($>'$:()%2&($)($.3)%.(9$1".$%**(2&('$(
f1&#'*%("(6$1:&(2*%($)1)'(3"#)%*.:U(<"#"$1$(&('$(,1&"(:1&*(.):&(2&(^*'"#&:1*(2&($*3*/(%)(#$*(#)':U(\1$%T&=(
&)(:":)'U(Y":(3&J7*(15#G%&(2&(>53):/(&(.5((:&((2)3*(($3"'"((.*((.5((*&*(($)1)'D
S((+)%:((?*(((9$%*W((0%:1&$95(((C"1:$/(((91).3((*%:&1&.$:U
S((A$*(#)'7*(2&3G:(07*(6"7*(0%3B*6)*/(1G%T&?:&(Q"'>U(Y&1#*%5(1&6&2&(3)(95:5'*$($.:$(*2*"$:5(2&(:$%3)1*(?*(
0%:"$13&J:&(>515(61&$(#)':&((=4G1*&:)1*/((3$((.5((01&3&#b(1&6&2&(('$(((:1&$95D
;$13&'"%$(61*#&?:&()%(:$%3(%")J%")7U(\'9&1:(.J$(*%.:$'$:(2&T$(0%(.3$)%)'(3"%2)3:"1)')*l(3$6)'(.5)(%&41)(&(
0%>5?)1$:(0%(9$%2$T&(*#&%.&U
S((\1#$:$($.:$(%)(,$(>*(#)'7)#*:5(6G%5(3G%2(%J"(.5(%&(,$25(6&(:"7*(>53)7*(61$>/(.&(6'G%4&(&'/($#9$'G%2(
#":"1)'(:$%3)')*(3)((("(((>)1*&(((*%):*'5U
H$#&%**(2&('$(3$19)1$%7*(.&(4159&.3(.5(%&(0%3$13&(1&=&1,"$1&'&/(>53G%2)J'&(6'*%)'U
F")5(9):"$*&(2&(1&=&1,5/($(3G:&(3*%3*/(.):&(2&('*:1*/(.)%:(>*X$:&(2&$.)61$(#":"$1&'"1U
S((+6&1(3$(B5159$*$($.:$(.5(.$15(0%($&1(3G:(#$*(1&6&2&/(.6)%&(C"1:$(15.6*3$:/(6"$:&(3J$?$("(.5($,&#(?*(%"*(
?$%.$(.5(%&("2*B%*#(6)7*%((?*(((.5(((#G%35#((3&,$((3G:((2&((3G:((3"#&.:*9*'D
S((<&J$*(.6)./(H9&14&>1&*:&1W(.&(15.:&?:&(Q&1^#&*.:&1(A**''&1/(1"?)((2&((#G%*&/(((0%:1&4)'((9$:$'*"%V0'(
3)%"$?:&(.)9(%)#&'&(2&(A**''&1((K$=*.:)'U
S((<&J$#(.6).(&)W(0%:1&$95(C"1:$/($15:G%2)J.&(3)(2&4&:)'/(<&J$#((.6).W
A**''&1(K$=*.:)'(65'&?:&(?*(0%3&6&(.5()1'&(0%(.:*')'(3$1$3:&1*.:*3(.)9">*7&1*'"1(3)(&X3&.&(2&($):"1*:$:&U
S((`:**((3*%&((.)%:((&)W
S((C&1#*:&7*(.5(1$6"1:&=/(.5(:15*7*D(F)#%&$,"$.:15/(2"#%)'&/(.)%:&7*(Q&1^#&*.:&1(A**''&1/(.5(:15*7*/(
Q&1^#&*.:&1)'(1&.6"%.$9*'(3)(($61",*=*"%$1&$((3)((3$19)1$%7*/((3":3"253&?:&(C"1:$/(6"3%*%2(2*%(35'3G*&U(
C&1#*:&7*(.5(1$6"1:&=/(2"#%)'&(Q&1^#&*.:&1(A**''&1/($(>".:("2$:5()%($3$1(6&(%)#&(-&*%=(+3B1"2&1U(\,&$(0%(
3).:"2*&(%"2)'(((%$7*"%$'(((4&1#$%(((2&(((3$'&(((>&1$:5(((2*%:1&(((C$2&9"1%(((?*(;*&'&>&'2:U(H(."$1:5(31)25($(>53):(
3$/(0%:1J"(=*(%&>$.:5/(.5($')%&3&(2*%:1J)%(,$4"%(2&(#$1>5U(F*%(%&>&1*3*1&/($.:$(.J$(0%:G#6'$:(3B*$1
0%$*%:&(2&($(>*(%)#*:($3$1J?&>/($,G%2(21&6:)'(.5(6"$1:&(?%)1(6&()#51U(KJ$(#$*(>".:($,$%.$:(6&%:1)(35/(2)65(3&(
?*J$(1&,&%*:/(%)J?*(#$*($#*%:&$(3*%&(&.:&U(0%:1&9$(6&(:"$:5(')#&$h(PA5(3)%"?:*W(`:**(3*%&(.)%:(&)W_
C"1:$(0?*(3)1#5($,$'$%?$(2&(,"19&(?*(.&(B"'9&$=5('$(>$7$(1"?*&(2&(>)1*&($(Q&1^#&*.:&1)')*(A**''&1h(3B*6)'(
$3&.:)*$(6$1&(4$:$(.5(&X6'"2&=&(2*%(3'*65(0%(3'*65U
S((C&1#*:&7*((((.5((((0%:1&9/((((.5((((:15*7*/(((($7*((((35=):((((3)#,$((((?*(2)#%&$,"$.:15((2*%:1J)%((,$4"%((2&(
#$1>5W
S((\T)%4&D(((&X6'"2&$=5(((A**''&1((K$=*.:)'/(((95:G%2(((>)1*".(((3)(6*3*"1)'(0%(6"2&$)$(C$%=&1)')*U(Y&(61&,*%D(
K)(0%3&13$(.5J7*(9$7*(T"3(((2&(((#*%&D
S((C&1#*:&7*(.5(1$6"1:&=/(2"#%)'&/(%J$#(*%:&%7*$(.5J#*(9$:(T"3(((2&(((2"#%)'((((Q&1^#&*.:&1/(((2$1(((0#*(
$#*%:&.3(((2&(((-&11(Q&*%B)9&1/(3$1&($(>".:($%4$T$:(3$(.$',$:"1('$(<"16)'(K$7*"%$'(@&1#$%(2&(+$',$:"1*/(.5(
:15*7*D(`*(-&11(Q&*%B)9&1($,&$(*#61&.*$(35(:"$:5(')#&$(,1&$(.5J?*(9$:5(T"3(2&(&'U(F&(3G%2($(>".:($,$%.$:(3$(
.$',$:"1J?&>('$(m&''J$#J+&&/($(0%3&6):(.5J*(#&$145(:":)'(6&(2".U(\(657*:J"(0%:1J"(2)#*%*35(2*#*%&$7$/(3G%2(
:1&3&$(6&(21)#)'("9*?%)*:(35:1&(m&''J$#J+&&(3)(9*3*3'&:$(6&(3$1&(*J"(252).&15(3&*(2&((('$(((<"16)'(((K$7*"%$'/(
.5(((:15*7*D(((0%((($3&$(((2)#*%*35(((6'")$(0%41"=*:"1U(K)J*(:1&3&$(%*#5%)*(61*%(3$6(.5(*$.5(2*%(3$.5/(3)(&X3&67*$(
')*(Q&*%B)9&1U(H1*3&(61".:($1(>*(0%7&'&.(35()%(.$',$#$1(%J$1&((3&((35):$((6&((6'$T5((2$35((%*#&%*(((%)((>$3&(
9$*&U
A**''&1(K$=*.:)'(1*2*35(#G*%*'&(.61&(3&1/(3$(6&%:1)(1)453*)%&U(F&.3B*2&(?*(0%3B*2&(4)1$/(3$(?*(3)#($1(,1&$(.5(
61":&.:&=&/(2$1(%)(.3"$:&(2&3G:(%*?:&(.)%&:&(3*)2$:&/($.&#&%&$()%"1(B"135*:)1*U
S((C1"9'&#$(((&1$(((!&4)'$#&%:)'(((+$',$#$1*'"1/(((3"%:*%)5(C"1:$/(((=G#9*%2)J*(((')*(((A**''&1(((K$=*.:)'/(
3$1&(((.:5(((6&(((:$%3/('&45%G%2)J.&U(0%(!&4)'$#&%:(.31*&(35(.&1,*3*)'(0%3&6&('$("1$("6:/(?*(((%)(((&(((#&%7*"%$:(
%*#*3(((0%((('&45:)15(((3)(((.:$1&$(((,1&#**U(((F&(&X&#6')/(%)(&(.6&3*>*3$:(>$6:)'(35(.$',$#$1**(6":(15#G%&(
$3$.5(2$35((%*%4&((.$)((6'")5U
0%("1*3&($':5(7$15(2*%(')#&/(.$',$#$1)'(%)(&1$("9'*4$:(.5(*$.5(6&("($.:>&'(2&(,1&#&/(2$1(%)(?*(0%(@&1#$%*$/(
2"#%)'&U(C&1#*:&7*(.5(1$6"1:&=/(.5(:15*7*/(0#*($#*%:&.3(2&("(3B&.:*&(*%:&1&.$%:5h(3G:&,$(6$1$41$>&(2*%(
!&4)'$#&%:)'(\1#$:&*(4&1#$%&($)(>".:(3$)=$()%&*(0%:G#6'51*(3)(:":)'(%&"9*?%)*:&/(0%(6*,%*7&'&(A*%*.:&1)')*(
2&(!5=9"*/(.&(:*651&$)(1&4)'$#&%:&'&('$("(1":$:*,5(6).5('$(2*.6"=*7*&(2&(35:1&(<"#6$%*$(@1$6B*^(\@(2*%(
-&*2&'9&14U(c1$($3"'"()%(=&7$1/(2"#%)'&/(6&(%)#&(8)2R*4(f$':9'):U(E%:1J"(9)%5(=*/(-&11(f$':9'):($($,):("(
*2&&(:G#6*:5U
S((!&>)=(((.5(((:&(((#$*((($.3)':/(((.&(((15.:&?:&(((A**''&1(((K$=*.:)'(2*.6&1$:U((<$2&(2&(6&(,&B*3)'/(61G9)?*%2)J
.&(6&(65#G%:(3)("(9)>%*:)15((.)125U
J0000000000000000000000000000000000000000000J(UVi00000000000000000000000000000000Ood
;WL?

S(+&(6$1&(35(0%:":2&$)%$(.&(0%:G#6'5($?$/(">:&$=5(C"1:$/(2G%2(2*%(3$6U(F&(>*&3$1&(2$:5(3G%2(0%3&13(.5('&(
&X6'*3(3&,$(3)(')X(2&($#5%)%:&/(3$(.5(6"$:5(61*3&6&(#$*(9*%&/('*(.&(0%:G#6'5
3G:&J"(((3B&.:*&UUU
C"1:5(((&(((0%:1&1)6:(((2&(((2&:$?$#&%:)'(((2&((($61",*=*"%$1&(((3)
#)%*7*&/((3$1&((%&((,*%&((0%(($T):"1U
\#(6$1:&(2&(3&$(#$*(41&$(.$13*%5h(.5(2&.3B*2(3):**'&/(.5(0%'5:)1(*%&'&'&(2&(61":&37*&(2*%(3$)3*)3(?*(.$(.3":(
3$6$3&'&($%:*1)4*%5U(c("(#)%35(*.:",*:"$1&U(]*&3$1&('$25(3"%7*%&(3G:&(:1&*("9)=&(>"$1:&(41&'&U(<&*'$'7*(
#&#91*($*(&3B*6$T)')*(153%&.3('$(#*%&(.5(#5(#*?3(#$*(1&6&2&U(Z1&#(.5(:&1#*%5#(0%$*%:&(3$($,*"$%&'&(p$9"(
1).&?:*(.5($6$15(61*%:1&(%"1*(?*U.5(%&($1)%3&(0%(3$6(9"#9&'&('"1(3)(>".>"1U
Y&1#*%5#(2&(3)157$:(:)%)'U(H(7&$,$(#)12$15(6"$:&(61","3$($33*2&%:&/(?*(%)(,*.5#("(#"$1:&(61&#$:)15U
@G>G*%2/(C"1:$(.&(0%:"$13&(3)("('$25(2&(3G1%$7*(?*("(9)3$:5(1":)%25(2&(91G%=5/(?:&16&'*:&(2&('$(3&*(3)(
$61",*=*"%$1&$U
S(<"#6$%*$($(vJ$/(.&($)2&(,"3&$(3"#$%2$%:)')*(0%(.:$7*$(1$2*"U(y*%&7*(21&$6:$U(]"1#$7*)%&(0%(,G1>(2&(
.54&$:5U(Y1&3&7*(6"2)'U(Y1$4&7*(0%("1*3&(#*?35U(!&4*#&%:)'(:1&9)*&(.5(:1&$35(6&.:&(6"2(0%$*%:&(.5(>*&_($1)%3$:(
0%($&1U
<"#6$%*$($(vJ$/(>"1#$:5(2*%(?$*.61&=&3&(:$%3)1*(Y*4&1/(.&(0%21&$6:5(3)(,*:&=5(#$X*#5(.61&(1G)U(I1)*:)'(
3)#6'*:($'(?&%*'&'"1($3"6&15(=4"#":)'(>53):(2&(*%>$%:&1*?:*U
+"'2$7*(1)?*(7G?%&.3(2*%(41"6*'&(*%2*,*2)$'&(?*(0%3&$135(.5(>)45(2*%(3$'&$(3"'"?*'"1(2&("7&'U(A)'7*(2*%:1&(&*(%)(
1&)?&.3(.5(.3$6&(?*
.)%:((.:1*,*7*(((.)9((?&%*'&U
Y1&*(:$%3)1*($'&(3"#6$%*&*($(vJ$(.)%:('",*:&(?*(*$)(>"3U(0%(.3)1:(:*#6/(0%:1&4)'(3G#6(2&(')6:5(&.:&($3"6&1*:(3)(
9'*%2$:&'&(4&1#$%&(2*.:1).&/(3$1&($12U(Z&B*3)'&(f1)66(+6"1:/(C$%=&1(d/('&4&%2$1&'&(C$%=&1(N/(3G:(?*(:$%3)1*(
C$%:B&1(?*(Y*4&1U(F$1(6*&12&1*'&(1).&?:*(.)%:(?*(#$*(0%.&#%$:&h(:$%3)1*(;YJn/(fQJO/(YJdN/($'5:)1*(2&(:$%3)1*'&(
$#&1*3$%&(<B1*.:*&(?*(2&(A$:*'2&'&
&%4'&=&U
C&%:1)($(&,*:$()%(fQJO/(C"1:$(.3B*#95(2*1&37*$(,&B*3)')')*(?*(:1&3&(61*%(=*2)1*'&()%&*(3$.&l(:)1&'$(&(
$3"6&1*:5(3)(9)357*(2&(#"9*'5(?*($':&("9*&3:&U(K&("61*#(0%(#*T'"3)'(3$.&*(?*(61*,*#(61&3$)7*(61*%(>$%:&'&(2&(
"9.&1,$7*&/(0%:1J)%)'(2*%(3"'7)1*(.&($>'5()%(6*$%(#$1&/($'9U(C&(3'$6&(&(0%:*%.()%(">*7&1(1)./(#"1:U(\'7*(2"*/(3)(
>&7&'&(6'*%&(2&(.G%4&/(.)%:(:"'5%*7*(6&(.3$)%&U
S((+5(6'&35#/(#)1#)15(;5:1G%)'(3)(,"3&(T"$.5/(3$(?*(3)#(.J$1((:&#&((.5((%)JL(($)25((3*%&J,$U
S((A":"1)'(5.:$(4&1#$%(%&('$.5/(9)>%&?:&(C"1:$U(C1"9$9*'(35(61$>)'(1).&.3($(9'"3$:(>*':1)'U(<G7*,$(2*%:1&(,"*(
:1&9)*&(.5(6)%5(#G%$((6&((#$%*,&'5U(((\61*%=5:"1)'(($):"#$:(%)((>$3&((>$75U
OoN
S((F)J:&(:)/(=9*$15(A*3)7)'U(KJ$#(V2&(4G%2(.5(0%,G1:&.3('$
#$%*,&'5U
S((Y)(?*(+,&%/("12"%5((;5:1G%)'U(`*(:$15(3"#&%:$1**U(c()%
"12*%D
C1":&.:G%2(,*"'&%:/(*&?*#(61*%(:1$6&/(0%(:*#6(3&(')315#('$(.*4)1$%7&'&(3$1&(>*X&$=5(#$%*,&'$/(#G*%*'&(0%3&6(.5(
%&(.G%4&1&=&U(\9*$(1&)?*#(.J"(15.)3*#U(A*3)7)'(&(3)61*%.(2&()%($33&.(2&(>)1*&("$195/(.$1&(?*(.&('$.5(3)(:"$:5(
41&):$:&$(3"16)')*(6&(3"$2$(#$%*,&'&*U(A5($256".:&.3(0%(.6$:&'&()%&*(?&%*'&/(0%(J3'*6$(0%(3$1&("(1$>$'5(
6"1%*:5(2*%:1J)%(6*.:"'JXY**:1$'*&15(:1&3&(1$=$%:(6&(2&$.)61$(3$6&:&'"1(%"$.:1&U(A5(0%:"13(?*(=51&.3()%(1).(
#G%)*%2(0%35135:"1)'()%)*(f$'$?%*^",U(+3":/(3)()%(4&.:(>)'4&15:"1/("
41&%$25(2&(#G%5(2*%(9)=)%$1(?*("($1)%3(.61&(&'U(cX6'"2&$=5(3)
)%((9)9)*:((.:1*2&%:/(.>G1:&3G%2)J*((6*&6:)'U
S(<&(21$3)V(>$3*W(.&(15.:&?:&(A*3)7)'/(0%%&9)%*:(2&(>)1*&/
0%4B*"%:*%2)J#5U(K)(&(>1)#".(.5($1)%3*(3)(6"3%*:"1*(61*%(<$.&'&
"$#&%*'"1D(C):&$*(>"$1:&(9*%&(.5(#5("#"1*/(#$%*$3("9.&2$:(2&
15=9"*((3&((&?:*D
A":"1)'(.&($61*%2&U(H(>'$3515(2&()%(#&:1)(*=9)3%&?:&(2*%(7&$,$(2&(&?$6$#&%:(?*(#":"1)'(6"1%&?:&/(2)2)*%2(
6):&1%*3U(Y&%3)*$'$(2*%(:$,$%(.&(3&1%&(6&.:&(%"*U
+356G%2(#$%*,&'$(2*%(#G%5/(A*3)7)'(&.:&(61"*&3:$:(0%($&1U(<$2&($6"*/(3)(V)%(:1".%&:(.&3/(6&.:&(6*$%/(
.>51G#G%2)JLU
S((CG%5($*3*D(1$4&(&'/(0%3)13$:(0%(3"1=*'&($3&.:)*$U(Z1&*(.5(#5("#V"1*W(((+&((()135(((6&(((Y*4&1(((2*%:1J)%(
.*%4)1(((.$':U(((<)(((CJdeJ)'(61&45:*:/(3(4$:$(.5JL("#"$1&(6&(C"1:$/(3$1&(LJ$(>53):(.5(J$:&1*=&=&
6&((6*$%U
S((Y&1#*%5/(#G1G*&(;5:1G%)'/(61"6:*%2)J?*($):"#$:)'(0%(>$7$
)1*$?)')*U
H3B**(VA*3)7)')*(61*,&.3(7&$,$($):"#$:)')*(3$1&(0*(:)1:&?:&(%$.)'U(+&()*:5(31)3*?(?*($1&("(&X61&.*&(3"#6'&:(
*2*"$:5U
<)()%(=G#9&:(:1*.:/(0?*(6)%&(6*.:"')'(0%(:"3(?*(*%:15(9"#95%*%2(0%(,&B*3)'U(H(41&%$25(2&(#G%5(0'('",&?:&(0%(
.6*%$1&(?*(.&(1".:"4"'&?:&(0%(*%:&1*"1)'(:$%3)')*U
S(K&#&1%*3*(*2*"7*D(153%&?:&(&'(0%>1*3"?$:/(1*2*3G%2(41&%$2$U(j+&(B"'9&$=5(')%4('$(&$/(2$1(0?*(25(.&$#$(35(
*%&')'(2&(.*4)1$%75(%)(&(:1$.Uk(E.).&/(&X3'$#5(&'/(:154G%2(*%&')'(?*($1)%3G%2(0%$6"*(41&%$2$/(0%(2*1&37*$(2*%(
3$1&($(,&%*:U
H(((&X6'"=*&((15.)%5(0%(0%:1&$4$(3$.5(?*((2")5((3$2$,1&(.)%:
$1)%3$:&((6G%5((0%((:$,$%U
S((<&(%$*9$/(#"1#5*&(A*3)7)'/(65'*%2(2&(>1*35U(c1$(.5(%&(*$(21$3)V(2&(2$:$($.:$U(F$35(1$B$:)'(5'$(0#6)7*:($1(
>*(:1$.(*%&')'UUU
S((\:)%3*/(*%:&1*"1)'(:$%3)')*($1(>*($15:$:(3$()%$(2*%(6*3:)1*'&(#&2*&,$'&(3&(0%>57*?$)(E$2)'U(+G%4&(?*(3$2$,1&(
0#615?:*$:&(6&.:&(:":D(((">:&$=5((C"1:$/((*%.6*1G%2(($2G%3U
V00000000000000000Oov
<&*(?$6:&(.):&(2&(3$*(6):&1&($*(#":"1)')*(.&(6)%(0%(#*?3$1&/(?*(C"1:$(1":&?:&(Y*4&1)'U(A$.$(?*(.3$)%&'&(356:)?*:&(3)(
#5:$.&(.)%:(3"#6'&:(.>51G#$:&U(H(3$%$6&$(=9"$15(6G%5(0%(:$,$%/()1#$:5(2&("(9*9'*":&35U(<517*'&(3$2(6&(:)1&'5U
\#9&'&(6)?:*J#*:1$'*&1G('$:15(15):53*".U(Y*4&1)'(*%:15(61*%(6&1&:&(?*(251G#5("(9)35:51*&(#$1&(3G:("(.$'5(2&(9$'U
C&1&7**(2&.6517*:"1*(.&(%51)*&(0%:1J)%(%"1(2&(#"1:$1(?*(:&%3)*$'5U(\T)%4&#(0%(4152*%5/(.>51G#G%2("(:&1$.5($3"6&1*:5(
3)(4&$#)1*U(+:1*,*#(.)9(?&%*'&(4$12)'(2&('*'*$3/(?*(Y*4&1)'(&($3"6&1*:(2&(>'"1*($'9&(?*(,*"'&:h($1$:5/2&(6$135($1(>*(
:15.)1$()%&*/#*1&.&(0%(21)#(.61&(9*.&1*35U
Y1&3&#(61*%:1J)%(3'".&:(6&(3$1&JL(2*.:1)4&#(3"#6'&:U(8$(2")5=&3*(2&(#&:1*(0%(>$7$(%"$.:15/("9.&1,5#()%(:$%3(
+:$'*%(2&(3*%3*=&3*(?*(3*%3*(2&(:"%&U(c3B*6$T)'(.3B*#95(?&%*'&'&U(K&(61*,&.3(0#6*&:1*7*(2&(>1*35U(F")5(.&3)%2&(#$*(
:G1=*)/(6&('"3)'(0%(3$1&(.&($>'$(:$%3)'(?*(&3B*6$T)'(.5)(%)(.&(#$*(U,52(U2&3G:(%*?:&()1#&(.3">G'3*:&(0%(65#G%:U(<$.$(
2&($'5:)1*($(2*.651):("(2$:5(3)(&*U(C1"9$9*'(35("9)=)'(91*=$%:($('",*:(1&=&1,$(2&(#)%*7*&(?*(3&'&("6:=&3*(?*(3*%3*(2&(
61"*&3:*'&($)(.51*:(0%($&1(0%:1J"(.*%4)15(&X6'"=*&(%*#*3*:"$1&U
+)>')'($1)%35(Y*4&1)'('$(3G7*,$(#&:1*(0%$6"*/(3B*$1(0%(4152*%$(61*%(3$1&($#(,&%*:U
I%(356*:$%(1).($:G1%5(0%:1J)%(3"6$3(2&.6*3$:l(:1)6)'(.5)($1.(.&$#5%5(3)("(9)3$:5(2&(3$1%&(>1*6:5U(K&%)#51$:&(
9$:&1**(2&(P"14*($'&(')*(+:$'*%_(.3)*65("(6&12&$(2&(>"3(?*(2&("7&'/(.61&($J*(%*#*3*(6&(*%>$%:&1*?:**(%"?:1*(3$1&(#&14(0%(
$61"6*&1&$(:$%3)1*'"1h(0%(.3)1:(:*#6/(.)%:(:1$%.>"1#$7*(3)(:"7**(0%:1J"(#$.5(*%>"1#5(2&(3$1%&/(.G%4&U(?*("$.&(
.>51G#$:&U
F")5(YJdNqeo(.&($61"6*&(B)1)*%2(2&(%"*U(Y1$4(2*%(#&1./2$1/("9)=&'&('"1(%)(%&($:*%4U(
i[
S((Y)1&'$((("1$(((=&3&D((("12"%5((3$'#(((;5:1G%)'U(((C$%=&1/((.:$*D(F*.:$%7$(V"6:((.):&U(((C&1>"1$%:&D(((]"3D
C1*#)'("9)=(%)('",&?:&(YJdNJ)'/(2$1(3&'(2&J$'(2"*'&$(2&.6*35(9'*%2$T)'($.&#&%&$()%)*(3)7*:(3$1&(:$*&("(6*&1.*35U(
Y1)6)'(2&3$6*:$:($'(3"%2)3:"1)')*($:G1%5(61*%(9'*%2$T)'(}(.>G1:&3$:U(Y&'&41$>*.:)'(?*J$(6*&12):(T)#5:$:&$(2&(T".($(
3"16)')*U
F")5("9)=&(.&(*=9&.3(2&(9'*%2$T)'(%".:1)(>1"%:$'/(>515(.5(65:1)%25(0%.5(61*%(3&*(=&3&(3&%:*#&:1*(41".*#&($*(6'53**(
2&("7&'U(!*3"?&$=5/(?)*&1G%2/(21&6:(0%(.).U
S((\1(>*(#$*(9*%&(3B*$1(?*(6&%:1)(F)#%&=&)(.J"(?:&$145(/3G:(#$*(((1&6&2&((2&(($*3*/(((B"B":&?:&((C"1:$U
I1#5:"1)'("9)=(.6)'9&15()%$(2*%(?&%*'&'&(3&')*(#$*($61"6*$:(YJdNU(Y$%3)'(.&(15.)3&?:&(?*(.&(3*"3%&?:&(2&()%($':)'/(
$>'$:(0%(*#&2*$:$(')*($61"6*&1&U
S((8",*7*((0%(((>$75/((.:1*45((;5:1G%)'U((H9)=(91*=$%:U((!&6&2&D
D99
S((A$*()?"1/($#*3&/(61":&.:&$=5(A*3)7)'U(\#(954$:(2&T$()%(6&1>"1$%:(6&(7&$,$(?*(%J$#(2&(4G%2(.GJL(.3":U(C&%:1)(
9$%**(6&(3$1&(#*J*(25(\1#$:$/(%)(31&2(35(&(3$=)'(.5(#5(.6&:&.3(351G%2(#)%*7*&D(j+&(?:&14&(6&(>$75(3)("(3G165(
%&$415(?*(:1$4&("(2)?35(=21$,5%5(2*%(.**3'$(3)($65Uk(\.:$J*(.3'$,*&(3)1$:5D(#"1#5*&(&'(0#9)>%$:U(\1#$:$(4&1#$%5(
%&(:1$:&$=5(#$*(1G)(2&3G:(.&(6)1:$)(,G%=5:"1**(2&(.3'$,*(2*%(\#&1*3$(3)(.:15#"?**(')*(\'9&1:(3G%2(V(*J$)((')$:((3)(
$13$%)'((2*%(((\>1*3$D
S((@)1$D(((.&((15.:&?:&((;5:1G%)'U(((]"3D
S((\*(.6).(91*=$%:/(61":&.:&=(&)/(0%31)3*?G%2)J#*(91$7&'&U(C&(7&$,$(((&J)%((6&1>"1$%:U((<&((.5((>$3W
S((Y*J$#("12"%$:(.5(:1$4*D()1'5(&%&1,$:(;5:1G%)'/(95:G%2(3)(6*3*"1)'((0%((6"2&$)$(2&("7&'U((H(.5(:&(.)41)#(0%:1J"(
9)%5(=*D
I%(:1".%&:(0%41"=*:"1(%&(.6$14&($61"$6&(:*#6$%&'&U(Y*#6(2&(U(3G:&,$(#*%):&($.)1=*#U(+:$7*$(1$2*"(3$2&(0%(6"$'$(
')*(-&*2&(?*(3$9')1*'&(&*(%&(=9"$15(6&(2&$.)61$(3$6&:&'"1U(H(7&$,$(2&()'&*(6'&.%&?:&(?*JL(0#61"$?35(6&(C"1:$/(
>53G%2)JL(.5(.&#&%&(3)()%(#"%.:1)((2*%((>*'#&'&(($#&1*3$%&((2&((41"$=5U
S((8",*:/(&X3'$#5(-&*2&/(3$1&(,1&$(.5(*$.5(61*%(:1$65/(2$1(C"1:$((0'((:1$4&((0%$6"*U
S((K)#$*(("(.&3)%25/((I%:&1">>*=*&1(-&*2&U((KJ$#((:&1#*%$:(0%35U(A*%)%$:)'/(3)#65:$:)'/(%&61&7)*:)'(%".:1)(
])B1&1(%J$1(>*(61&$(0%3G%:$:(.5J?*((,$25(."'2$:)'(.5)(#"2&'(>)4*%2(2*%(3$'&$(*%$#*3)')*(*%>&1*"1D(KJ$1(.)6"1:$($?$(
3&,$U(+J$1(6):&$(.5(>*&($:G:(2&(2&=$#54*:/(0%3G:(.5(.&(0%:"$135(0%(\).:1*$(?*(.5J*('$.&(6&(%&#7*(.5((.&((2&.3)13&(
.*%4)1*D
I1#5:"1)'(%".:1)("9)=(%*#&1&?:&(0%(6'*%/(21&6:(0%(3"#6$1:*#&%:)'(#)%*7*&*U(Y$%3)'(1).&.3(&X6'"2&$=5(3$()%(
6&6&%&(3"6:/($1)%3$:(2*%:1J)%(=4G1*&J%"1*U(<&'5'$':(:$%3(.&(1".:"4"'&?:&(3$("(3):*&(2&(3"%.&1,&(?):$:5(?*(3$2&(0%(
1G)U(cX6'"2&$=5(.)9($65($.&#&%&$()%)*(,)'3$%(.)9$3,$:*3U
<&*(6$:1)(Y*4&1*($*(6'):"%)')*(O(0%$*%:&$=5(61*%(652)1&/(.:1*,*%2(:1)%3B*)1*'&(41"$.&($'&(3"6$3*'"1(3$(6&(%*?:&(9&7&(
2&(3B*91*:U(<$.$()%)*(652)1$1(&(:1$%.>"1#$:5(*%.:$%:$%&)(0%:1J)%(#"1#$%(2&(#"'"=U(I%(95*$:(.&(0#6*&2*35(?*(&(
.:1*,*:(.)9(41&):$:&$(?&%*'&'"1U
Y1&3&#(61*%:1J)%(4$12('$:U(<1&%4*(41"$.&/(0%3513$:&(2&(.6*%*/(.&(0%>5?"$15(6&(?&%*'&/(6$135($1(0%3&13$(.5("61&$.35(
:$%3)'U(K&($6$1&(0%(>$75("(3"'"$%5(%&.>G1?*:5(2&(3$#*"$%&(,&1=*/(351)7&(:1$.&(2&(3$*/(:$%3)1*(?*($):"9)=&(0%3513$:&(
3)(>&#&*J."'2$:U(<"'"$%$(&(61*%.5(0%(#*T'"3)'()%)*(U9'"3$T(2&(3*13)'$7*&(3$1&(2&,*%&(2*%(3&(0%(3&(#$*(0%3G'3*:U
+"'2$7*(H@CI(.&($4*:5(3$(%*?:&(2)'5*(3$1&($2)%5("(:)1#5(2&("*(?*(.&(.:152)*&.3(.5(2&.3)13&(:1$>*3)'U(<$#*"$%&'&(
0%3513$:&(.)%:
D9>
0#6*%.&(0%('5:)1*(?*(.&(1".:"4"'&.3(6&(6$%:$(2&('$(#$14*%&$(21)#)')*U(y*6&:&'&(15=9$:(6G%5(2&6$1:&U
F*%(3G%2(0%(3G%2/(.&($)2&U(3G:&("(1$>$'5(2*%($):"#$:&'&(."'2$7*'"1(H@CIU(K)(.)%:(0%452)*:&(61":&.:&'&U(
K)#$*(."'2$7**(H@CI/(3)(9"%&:&($'9$.:1&/($)(21&6:)'(.5(,"19&$.35U
S((F"$#%&($T):5/(#)1#)15(;5:1G%)'U(K&J$)(É".:(.&1,*7*(3$(6&(:$,5U(+:$)($3"'"(?*(6$135($?:&$6:5(.5(>*&(3)(
:"7**(0#6)?3$7*U(C'):"%)'(OD(\:&%7*)%&D(H3B*7*(:1$%.6"1:"$1&'&(2&(3"#9).:*9*'(?*(%*#*3($':3&,$D(0%3513$7*(3)(
"9)=&(*%3&%2*$1&U(!&.:)'("(.5(,*%5(2&('$((.*%&D
S((<&J$1(>*(.5(')5#(%"*(6)*3)7&'&($'&$(3$1&(#*1".($(.56)%(3$19"'*3/((0%$*%:&((2&J$((2*.:1)4&((?$%21$#$)$W(
.)4&1&$=5((C"1:$/($15:G%2((.61&(()%(($):"9)=(($'9/((6'*%((3)(((*%>*1#*&1&U
S((0%3B*2&7*((:1$6&'&D((("12"%5(((;5:1G%)'U(((]"3((2&((,"*&D(+"'2$7**(1)?*((%&(("9.&1,5U((H('*%*?:&(#"1#G%:$'5(
.&($?:&1%&
91).3(6&.:&(0%:1&4)'(3"%,"*U(\6"*/("$#&%**(0%3&6(.5()1'&(2&(41"$=5U
+"'2$7*(?*(6$.$4&1*(3"9"$15(2*%(,&B*3)'&(?*("(*$)('$(4"$%5(6&(3G#6U(`:*)(3)(:"7**(3&(,$()1#$U
]&#&*'&J."'2$:(0%3&$135(3)(2*.6&1$1&(.5(.3$6&(2*%:1J)%)'(2*%($):"9)=&'&(')%4*U
Y)%)1*'&(+/!6&(:$%3(2&.3B*2(>"3)'U(H9)=&'&(*%3&%2*$1&(%*#&1&.3(0%(0%35135:)1*'&(*%>'$#$9*'&($'&(
:1$%.6"1:"$1&'"1U(8*#9*()1*$?&(2&(>"3(.&(0%$'75(.61&(3&1/(0%(:*#6(3&(#":"1*%$(0%3*%.5(0#61"$?35(:"$:&(
3$#*"$%&'&(3)(#)%*7*&U(<G:($*(3'*6*/(3"%,"*)'(2&,*%&()%(*$2(2&(,G',5:5*/(0%(3$1&(6*&1(*%.:$%:$%&)(.):&(2&(
"$#&%*U
<G7*,$(."'2$7*(1)?*(.&(%56).:&.3(35:1&(%"*/(0%(#"#&%:)'(0%(3$1&(%&(0%7&6&%*#(0%:1J"(41"$65($2G%35U
+#)'4(#*:1$'*&1$(2&(6&($>&:(?*(2&.3B*2(,*"'&%:(3$6$3)'U(Y1&9)*&(.5($37*"%5#(1&6&2&(2$35(,1&#(.GJ*(
0#6*&2*35#(.5(%&(2*.:1)45(3)(9"#9&'&('"1(2&(')6:5(3"16J'$J3"16/(3$1&(0%41"=&.3("1*3&(:$%3B*.:U
\#(*&?*:(6&(T)#5:$:&(2*%(:1$65/(3G%2(#5(6"#&%&.3(0%(>$7$()%)*(3B*6(0%31)%:$:/(3)("(9$195(1"?3$:5(?*("(3'$*&(
2&(651(0%3G'3*:5U
S((R$3(/\5!153%&?:&(&'/(2&.31**%2()%($13(3)(#G%$(0%(3$1&(7*%&("((41&%$25U
\65.((6&((:154$3*((?*((4"'&.3(()%((0%35135:"1((0%:1&4U
C'"$*$(2&(4'"$%7&(0'(:1G%:&?:&(6&(.6$:&/(#):*'G%2)J*(>$7$U(`*1"*%2(2&(.G%4&/($')%&35(2&(6&(:$%3/(6&(T)#5:$:&(
.)9(?&%*'&U(@1&%$2$(&X6'"2&$=5('G%45(&'(3)()%(=4"#":(6):&1%*3U
S((C&(:"7*(21$3**/(9'&.:&#5(;5:1G%)'U(K&g$(.:1*3$:(,1&"(?&%*'5W
P)/M$pA"!1).5å(=$/")"$"
0%3B*2((:1$6$U(((\#((*%.6*1$:((2&.:)'(($&1((3)1$:U
;5:1G%)'(0'(3B&$#5(6&(;$13&'"%$(61*%(.:$7*$(1$2*"(?*(0*("12"%5(.5(,*%5(?*(.5(%&(.3"$:5(2*%(41"$65U(F&(>$6:/(
1&#"13$1&$(&.:&(.:1*3:(*%:&1=*.5/(6&%:1)(35($1(0%.&#%$("(.)61$'*3*:$1&($(1&.)1.&'"1(2&(&%&14*&($'&(A$*9$3B)')*U
\#(>53):J"/(:":)?*/(2&?*(:$%3)'(3$1&(&X&3):5(1&#"13$1&$(&.:&($61"$6&(0%:":2&$)%$($,$1*$:U(H12*%)'(,*=&$=5(
:"$:&(:*6)1*'&(2&(:$%3/(2$1(&(>"$1:&(41&)(.5(*&*("(2&3*=*&l(&3B*6$T)'($1(6'5:*(3)(3$6)'(2$35($1($9$%2"%$()%(:$%3(
0%(.:$1&(2&(>)%37*"%$1&U(c?:*(9)%(2&(0%3B*."$1&(3G%2(.:1*3*()%(#":"1($T):G%2()%($':(:$%3(3$1&(.&($>'5('$(
$%$%4B*&U
S((<)*(*J$(,&%*:(1G%2)'(2&(2$:$($.:$W(.&(*%:&1&.&$=5(;5:1G%)'/
=G#9*%2((#$'*7*".U
S((I1#&$=5(.)6&1."'2$:)'(]**B1&1)')*(?*(+,&%/(1G%T&?:&(C"1:$
3*%*3U
S((F)3&7*J,5((($>$15U(((C1&45:*7*(((3$9')1*'&D((("12"%5(((.3)1:
;5:1G%)'U
S((Y":((((%"*(((($#((((>".:((((?*((((2$:$((((:1&3):5/(((61":&.:&$=5(((3)
0%35657G%$1&((-&*2&U
S((F&(3&(:&(6'G%4*W(0'(0%:1&$95(A*3)7)'/(1G%T*%2(.$:*.>53):U(\*(?$%.$(((.5(((#"1*(((3$((()%((($2&,51$:((&1")/(
3$#$1$2&D(((<$15J:&(((?*(157"*&?:&J:&((%*7&'(('$((E,$%U
S((\#($T)%./(.&($)2&(,"3&$(')*(;$13&'"%$(0%(.:$7*$(1$2*"U(A*?3$7*J,5(((>)%2)1*'&(((?*((('&4$7*(((.:1G%.(
3$9')1*'&U((((Z&3*%**(((.&(0%21&$6:5((.61&((%"*((3)((6G1G*:"1*'&(('"1(($):"#$:&U
S((Y1$%.#*:&J*((')*(E,$%(:"$:&(3&'&(9)%&/(.)1G2&((C"1:$/(0%(,1&#&((3&((-&*2&((2&.3B*2&((:1$6$((?*((*&.&((2*%(
:$%3U
A5($256".:&.3(0%:1&(?&%*'&/(3G%2("(1$>$'5(2&(6)?35J#*:1$'*&15(15.3"'&?:&(3"'9)'(2*%01J"('$:)15($(Y*4&1)')*U
S((A*?3$7*J,G(#$*(1&6&2&/(.:1*45(%&1,".(;$13&'"%$(2*%(:)1&'5U(H((.5((%&((:1&=*#(($1)%3$7*((0%(($&1((*#&2*$:U
S((0%3B*2&(6'*.3)'/(%&#&1%*3)'&D((#G1G*&(>)1*".(-&*2&U(A$*(9*%&(($*((3"9"10((.5((%&J$T)7*U(((<$9')'((&((3"#6'&:(
0%7&6&%*:D
0%T)1G%2(?*(9'&.:&#G%2/(3)(#G*%*'&(6'*%&(2&(.G%4&/(1&)?*#(6G%5('$()1#5(.5($4575#(3$9')1*'&(2&(#$.*,&'&(
3G1'*4&(2&
1&#"13$1&U
S((Y1$4&D(((=9*$15((-&*2&/((.3".((2*%((.51*:&U
I1')(0%41"=*:(3G%2("(41&%$25(3$2&('G%45(#*%&U(E%.:*%3:*,/("('",&.3(3)(6*3*"1)'(?*J"(:1*#*:(0%$6"*U(\:&1*=&$=5(
'G%45()%(3$6"1$'/(6&(3$1&JL($1)%35(0%($&1U
S((<&(%$*9$(:":(>$3&7*($3"'"(T".W(?)*&15(;$13&'"%$/(351)*$(*(.&(,&2&((31&?:&:)'((3$6)')*((3)((6)7*%((2&$.)61$(
#)3B*&*((:)1&'&*U
S((K)((,&=*((35((:1$4((0%((%"*W((=9*&1((&)((*1*:$:U
S((`*(3&J$*(,1&$W(1G2&(&'U((0%35((%J$*($>'$:(35(')67*(0%:1J)%()2QF08$#"%2*$'W0000000000000U/UU/(((((/UUU00000000000000000U(
UU
A":"1)'(2)2)*&U(F*%(7&,*'&(2&(&?$6$#&%:(7G?%&.3(>'535**/(0%(:*#6(3&(?&%*'&'&(%&(0#61"$?35(3)(9)'451*(#$1*(
+,!65#G%:U
S((C&%:1)(%)#&'&(')*(F)#%&=&)/(*&?*7*("2$:5(2&($3"'"/(.&(15.:&?:&((((;$13&'"%$/((($6'&3G%2)J.&(((6&.:&(
#$14*%&$(((:)1&'&*U(E2*"7*'"1/((,1&7*((.5((,5(($'&4&7*(((3)((>)2)'**'&((75%251*W
A5(1".:"4"'&.3(0%:1J"(6$1:&(?*($):"#$:)'(0#*($')%&35(.)9(?&%*'&U
S((H(((.5JL(((6'5:&?:*/(((.&(((1G7"*&?:&(((-&*2&/(((6&(((:"%)'(((.5)(((2&(I%:&1">>*=*&1($1"4$%:U(H(.5(7*(.&(1&7*%5(2*%(
."'25(.*()':*#)'(.>$%7U
S((<$6(65:1$:(3&(&?:*D(?)*&1(&)/($256".:*%2)J#5(2*%(3$'&$()%&*((1$>$'&((2&((6)?35J#*:1$'*&15U
S((-$*(((.5(((.3"$:&#(((3$9')'((($3)#/((("12"%5(((;$13&'"%$(((3)(.)6&1*"1*:$:&/(3G%2(Y*4&1)'(%".:1)(&.:&(:1$.(
$>$15(2*%(41"$65U
S((<)#(((&(((,1&#&$(((6&((('$(((,"*W(((0%:1&$95(((C"1:$(((3G%2(((%&(.:1&3)15#(61*%(:1$65U(\7*($>'$:(3&,$(%")(2&('$(
95*&7**(,&3*%*'"1W
K)(((%&((.*%3B*.*#((.5J*(((15.6)%2&#U
F)65J$#*$=5(:G1=*)/(1&4*#&%:)'(6G%2&?:&('$(#$14*%&$(652)1**U(y&,*'&(')%4*($'&(:)%)1*'"1(.)%:(0%21&6:$:&(.61&(
?".&$)$(-$13",Jf*&,/(3$1&(:1&3&(61*%(H1&*(?*(2)3&(21&6:('$(A".3",$U(A)'7*(2*%:1&(%"*(%&(0%2"*#(35($#(6):&$(
.5(15=9*#(6G%5($3"'"U
0%(6'):"%)'(%".:1)/(2"$1(-&*2&(31&2&(35(,"#(1&)?*l(&("6:*#*.:(3G:(6&%:1)(%"*(:"7*U
F*%.61&(1G)(.&($61"6*&("(3&$75(2&$.5/(3$1&(.&(0%:*%2&(6&.:&(3G#6)1*'&(3)(>'"$1&$J."$1&')*(?*(6"1)#9U(H(
9$:&1*&(41&$(2&(P"14*($'&(')*(+:$'*%_('$%.&$=5(1$3B&:&($.)61$(6"=*7**'"1(4&1#$%&U(H(1$3B&:5/(3$1&($6$1&(61*%(
3&$75(?*(&X6'"2&$=5(2&$.)61$(."')')*/(">&15()%(.6&3:$3"'(2&(%&2&.31*.U(C$135($1(>*("('$#65(,&3B&(3)(4$=(4$:$(
.5(.&(.:*%45/(2$1(3$1&(.&($61*%2&(2*%(%")/(*%)%2G%2(:":)'(*%:1J"(')#*%5(.:15')3*:"$1&U
C&("(3$.5(2*%(,$2)'(2&$')')*/(>'5351*'&(2$%.&$=5(.5'9$:*3U(C1"9$9*'/(&(1&?&2*%7$(,1&)%)*(#$1&(41$%4)1U(Y":(
2&$')'(&($3"6&1*:(3)()%(3","1(2&(>'"1*/(.52*:&(J?*($1$%T$:&(2&(#G%$()%)*(U.6&3*$'*.:/(">&1*%2("(61*,&'*?:&(
>$%:$.:*35(.)9(')#*%$(>'5351*'"1(:1&#)15:"$1&/(0%(2&651:$1&(.&(,&2&()%(.$:(0%4B*7*:(0%(0%:1&4*#&(2&(>"3U(C$1&(
35(,G',5:5*'&(.&(0%:*%2(6G%5('$(%"*U
Z5'5:)3*(2&(>)#(%&41)(.&(1*2*35(2*%(:$%3)1*'&(1).&?:*(YJdN(?*(2*%(CJNJ)1*'&(4&1#$%&(3$1&($12(6&(#$')'(1G)')*U
+J$("12"%$:(0%3&:$1&$(3"#)%*3$7**'"1(61*%(1$2*"(?*(0%($:#".>&15(2"#%&?:&("('*%*?:&(.:1$%*&/(0%(T)1)'(%".:1)(.&(
*,&.3(3"6$3*(2&.>1)%=*7*/(3$(%*?:&(.$%:*%&'&(2&=9153$:&/(0%(4$15/(.$)(#$*(&X$3:('G%45(1)*%&'&($(3&&$(3&(
"2*%*"$15(>).&.&("(4$15/(.&(,52(#)':&('"3"#":*,&(2*.:1).&(2&("9)=&(?*(,$4"$%&(2&(#$1>5($1.&U(I%(:1&%(2&(
6&1."$%&($(%*#&1*:/(61"9$9*'/(2*1&3:(.)9(6'"$*$(2&("7&'(?*(>"3l(3$2$,1&'&(."'2$7*'"1(.)%:(0#615?:*$:&(6&.:&(:":U
D>)000000000000000;0E000H
H(95:1G%5(9GT9G*&(61*%:1&(251G#5:)1*'&($(3&&$(3&(>).&.&(3G%2,$(.$:)'(&*U(\2)'#&35($&1)'(3)(61)2&%75/(
$.&#&%&$()%&*(>&'*%&(3$1&(.&(>)1*?&$=5(61*%:1J"(652)1&(0%:)%&3"$.5U(`)*&15("(.*%4)15(0#6)?35:)15(?*(>&#&*$(
3$2&/(.&(:G15?:&(6)7*%/($6"*(.&(615,5'&?:&(0%:1&(1)*%&/(3$("(6$*$75(2&=$1:*3)'$:5U
S((H$1&(((2&(((3&J$)(((>53):((($.:$W(((.).6*%5(((C"1:$(((0%:1*.:$:U(;)3;1$7*J,5((2&((,*$75((3G:((#$*((6):&7*/(((95*&7*U(
\,&7*((?$%.$((.J"(6*&12&7*((>"$1:&((3)1G%2D
S((A5((0%:1&9((3&J"(>*(4G%2*%2()%((*%2*,*2(3$1&(.&(:1&=&?:&(0#6)?3$:W(.6)%&(A*3)7)'(3)(*%:&1&.U(H$1&(#$*($*(
154$=(.5J7*(6$15(15)((2&((:*#6)'((6*&12):W
S((Y":)'(.&(6&:1&3&($:G:(2&(1&6&2&(0%3G:(%)J7*(2$*(.&$#$(2&(%*#*3D(((.6)%V&((;5:1G%)'U
S((F$1()%**(2*%:1&(&*()1'5(#)':5(,1&#&/(61":&.:&$=5(A*3)7)'/(0%4G%2)1$:U
S((F$/((31&2((35(($*((21&6:$:&/(($61"95(((;5:1G%)'/(("9".*:U(H9)=&'&(0%3*%.&('$(1"?)(915=2&$=5(3&1)'/(,&%*%2(2&(
6&(#$')'
"6).($'(1G)')*U(<$2(61*%:1&(1)*%&/(.6)'9&1G%2(15#5?*7&'&(6&1&7*'"1(%51)*7*U(;$:&1**'&(4&1#$%&(2&(1$3B&:&(
15.6)%2(2&()%2&,$(2&(2)65(3"6$3*U(I%(,$'(2&(>'5351*(.&(0%$'75(.61&(3&1U(C1&:):*%2&%*(15.)%5(9)9)*:)1*'&(
&X6'"=**'"1/(2&(6$135("(#*&(2&(2&#"%*(:)19$7*(%5,5'&.3(6&(65#G%:U_(I1*$?$(6)?351*&(H@CI(2*%(+:*1:*(.&(
%51)*&($1=G%2U(H(0%:1&$45(.$',5(2&(1$3B&:&(.>51G#5($3"6&1*?)'U(y*4'&'&(=9"$15(:"3#$*(6&(3&'5'$':J#$'($'(
1G)')*U(m*2)1*'&(41"$.&(2&()%(#&:1)(.&(6159)?&.3l(61&:):*%2&%*(.&(0%:*%2(%"1*(*#&%?*(2&(61$>(?*(:&%3)*$'5/(
$T)%4G%2(6G%5(0%(C*$7$(C1"'&:$1*'"1U
I%(?*1(')%4(2&(3&')'&($'&(0%3B*."1**($6$1&(0%(.6$:&'&(6&1&:&')*
35=):U
S((E.).&(?*(A51*&/(&X3'$#5()*#*:(A*3)7)'U(E$()*:&(3)#(3$2&
6)?351*$(($.:$((%&%"1"3*:5D
S((\.:$J?*((2"1&?:&(3&'((#$*((#)':()%((2&7*%):/(.6)%&((C"1:$/(')G%2("(7*4$15((2&('$(#*3)'('&4*"%$1U((Y1&9)*&(.5(
'&(>*&(:":)?*(2&.:)'(2&(%&6'53):(3&'"1(2&J$3"'"($:)%3*(3G%2(%*?:&(%&9)%*(0%()%*>"1#5((.&(($6)35((.GJ*(
9"#9$12&=&U
S((Z&2&7*((3&1)'W((0%:1&$95(((;5:1G%)'/((3)(("((,"3&((.:*%.5/(((j0?*(0%31)3*?&$=5((#G*%*'&((.)9((3$6Uk((F&(
%&31&=):/((3G:&((.:&'&D
K&(0%:*%2&#(6&(*$19$(6'*%5(2&(1")5(?*(0%3&135#(.5(%&(2&.:*%2&#(0%(0%:)%&1*3)'(%"67**(2&(,$15U(!G)'($1)%35(
.3'*6*1*(3$()%(3"'*&1(0#6"2"9*:(3)(2*$#$%:&U
I%2&,$/(2&6$1:&/(6&(#$')'(3&'5'$':($'(1G)')*/($1:*'&1*$(41&$(1).&$.35(9)9)*&($#&%*%75:"1U(H9)=&'&(:1&3('$(#$1&(
2*.:$%75(2&$.)61$(3$6&:&'"1(%"$.:1&/(,)*%2($.&#&%&$()%)*(:1&%(2&(#$1>5(3$1&(:1$,&1.&$=5()%(6"2(2&("7&'U(
;1).3/(.:15')3*1&$(.:&'&'"1(&.:&(0%4B*7*:5(2&(')#*%$("19*:"$1&($()%&*(6'"*(2&(6$1$?):&(3)(#$4%&=*)U(Z56$*$(
$'95(0%,5')*&(:":)'h(1)*%&/(3$2$,1&/(:1&%)1*
E00000000000000000E0000E000000:000000000?00000000000000000D>(
2*.:1).&/(:$%3)1*(=21"9*:&/(:)%)1*(3"%:"1.*"%$:&U(C'"$*$(31)25(2&(#$4%&=*)(0%3*%.(2&=,5')*&()%(6&*.$T(
2&="'$%:U(H1*3&(3":'"%(?*("1*3&(31565:)15(2*%(65#G%:(.&(*,&.3(3$(%*?:&(61&,&.:*1*($'&()%&*(#"17*(,*"'&%:&(?*(
1$6*2&U(FG1&'&(2&(>"3(6$1(0%31).:$:&(6&(3&1(2*%:":2&$)%$/(*$1(')#*%$('"1(3$2&(3$()%(?),"*(2&(.G%4&($'9/(0%(
3$1&(.&(1&>'&3:5(1)*%&'&(?*(#$')1*'&(1G)')*U
F)65(3&()':*#$(>'$3515(.&(.:*%4&(?*(.:&'&'&(.:15')3&.3(2*%(%")(2&$.)61$(%"$.:15/(%&(1*2*35#(3)(41*T5(?*(61*,*#(
0%3"12$7*(61*%(0%:)%&1*3)'(%"67**l(?:*#(35(#"$1:&$(%&(6G%2&?:&(2&(2)65(>*&3$1&(3"6$3(?*(2&(2)65(>*&3$1&(
.:G%35U
Y)%)1*'&(9)9)*&(*$15?*U(c3")'(&X6'"=**'"1(15.)%5(2&J$(')%4)'(1G)')*U(]'5351*'&($)(.3'*6*1*(3"'"1$:&U(])#)'()1G:(
#*1".*:"1(3&(.&(1*2*35(2*%(:$%3)1*'&(3$1&($12(3$65:5("(%)$%75($'95.:1)*&U(H(#*:1$'*&15('$:15(?*()%(?*1(')%4(2&(
:1$."$1&(=9"$15(2&(6&()%(#$'($'(1G)')*(6&(3&'5'$':U
I%(.)%&:(.>G?*&:"1(.&(2&.')?&?:&(0%(2&651:$1&U(E=9)3%&.3(>'5351*(?*(."'2$7**(.&($1)%35('$(65#G%:/($.3)%=G%2)J
?*(>$7$(0%(*$19$()#&25U
8$%)1*'&(2&(6"1)#9($12/(:1".%*%2(6):&1%*3(2&(6$135(#**(2&(6&:$12&($1(>*(>".:($1)%3$:&(0%(,G',5:$*&U(F&?*(*$19$(
&(0#9*9$:5(2&(1")5/(%&(')%4*#(".:&%*7*(.)9(:$%3)1*/(3)("(.*%4)15(2"1*%75h(.5(2"1#*#("(.):5(2&($%*U
F*%(3&'&(:1&*(3"#6$%**(2&(:$%3)1*(41&'&/(2"$1(3&*(:1&*=&3*(?*(?$.&(2&(Y*4&1*/(3$1&($?:&$6:5('$(#$14*%&$(652)1**/(
$)(.356$:(2*%(*$2)'(2&(>"3(?*("7&'U(+)%:(%)#$*(>)%*%4*%&/(*$1(,"6.&$)$('"1(4$'9&%J,&1=)*&(&(3156$:5(?*(.&(
3"T&?:&U
A$T"1*:$:&$($)(15#$.(>515($1*6*'&(?&%*'&'"1/(?*(9'*%2$T)'('&(&(9"7*:(?*(45)1*:U(`&%*'&'&('$:&(65.:1&$=5()1#&(2&(
3$1%&(?*(.G%4&U(;)357*(2&(:1)6)1*("#&%&?:*(?*(2&($%*#$'&($:G1%5(2&(>*&3$1&($1:*3)'$7*&U(A&#91**(&3B*6$T&'"1(.J
$)("9*?%)*:(2&#)':(3)("($.&#&%&$(61*,&'*?:&U(A$*(41&)(2&(.)6"1:$:(&(#*1".)'U(K*(.J$(*#61&4%$:(0%(6*&'&(?*(0%(
B$*%&U(;5:1G%)'(.6)%&(35JL(,"#(6)1:$(3)(%"*(:"$:5(,*$7$U
\4*:$:&/(6":G1%*3B*'&(0?*(*$)(=9"1)'(2*%(3$'&$(%"$.:15U(C"1:$(?*(\'9&1:($'&$145(2)65(&'&($.&#&%&$()%"1(3G*%*(
2&(,G%5:"$1&U(\'9&1:(1&%)%75(61*#)'/(2$1(C"1:$('&()1#51&?:&("6:*#*.:(6G%5('$(1G)l($3"'"(%)(#$*($1&(3&(>$3&U(
C1*,&?:&(')%4(0%()1#$('"1(?*(.&('*%4&(6&(9)=&(2&(6">:5U
S(@G%2*7*J,G(35(65.51*'&($.:&$(.&(6&1*%2$)(6&J$*3*(0%:1J"(,&.&'*&/($?:&6:G%2(6$135(.5(>*&($=,G1'*:&(0%:1J"(
:*4$*&U(`*(&)(%)('&J$#(,5=):('$(:*#6/(.6)%&(&'/($61"$6&(6'G%4G%2(2&(2*.6&1$1&U(<5(,&%*(,"19$/($7*(#G%3$:(
,1&"2$:5(P6":G1%*3B&(0%(3)*9_W(0%:1&$95(&'/(6'&.35*%2(2&(6'53&1&U(C1*%=*(6$:1)(6":G1%*3B*/('&(.)3&?:*(4G:)'/('&(
T)#)'&?:*(?*('&(2&.6*3*(6&(2*%(2")5(3)()%(3)7*:(9*%&($.3)7*:U(\6"*/(:$*("(3&$65(0%(>&'**(.)97*1*/(*&*(2"*($12&*
D>D
3"#)%*?:*(?*(2")5(7&'*%&/(6&(3$1&('&(:$*('$(>&'(2&(>*%U(\*($9."'):5(%&,"*&(2&(:1&*(357&*(2&().:)1"*(?*(2&("(.*%4)15(
>1)%=5(2&(2$>*%U(C&%:1)(%)#&'&(')*(F)#%&=&)/(%)()*:$7*(.$1&$(?*(65:1)%T&')'D(p)#5:$:&(2*%($#&.:&3)'(5.:$(
:1&9)*&(0%:*%.(0%:1J"(:*4$*&/(6&.:&(3$1&(.&(6)%&(6":G1%*3B&$/(3)(6$1:&$(351%"$.5(2&$.)61$U(C&()1#5/("($3"6&1*7*(
3)(1&.:)'(2&(,&12&$75(?*($#&.:&3$7*(:":)'U(C)%&7*(:1&*('*%4)1*(2&()'&*(2&(#5.'*%&/(0%(%*3*()%(3$=(.5(%)(>*&()%:(
.$)()'&*(2&($1#5U(<B&.:*$($.:$('&J$1(.6&1*$(6&(6":G1%*3B*($:G:(2&(:$1&/(0%3G:(?*J$1(')$(*#&2*$:(=9"1)'D
I1#51&?:&(((3)(((61*,*1&$(((:1$*&3:"1*$((()%)*((("9)=/(((2)65(((3$1&
3"%:*%)5U
S((\3)#/(')5#()%(.:1"6(2&("7&:(2&(:G1B"%/(6)7*%(,*%($'9/()%(,G1>(2&(3)7*:(2&(6*6&1($'9/("('*%4)1*75(2&(9"*$(?*(
.:"$13&#("('5#G*&(6G%5('$()':*#$(6*35:)15U(\#&.:&3)'(:1&9)*&(:)1%$:(6&.:&(6":G1%*3B*'&(2*%(:*4$*&U(8&(:1G%:*#(
2*1&3:(6&(>"3/()%2&(,"1(.:$(6G%5(.&(>154&=&.3U(\6"*('&(25#(2&J"(6$1:&(3$(.5(.&(153&$.35U(+&31&:)'((&((35(
:1&9)*&((#G%3$:&((1&3*U
S((H>/(#$*(:$3*("2$:5/(6&%:1)(%)#&'&(')*(F)#%&=&)/(4&#&(;5:1G%)'/(.3"7G%2(2*%(9)=)%$1("(9)3$:5().3$:5(
2&(6G*%&U(A*(.&(>$3&(("((>"$#&((2&(i(')6((%)#$*((3G%2((:&(($.3)':D
S((Z5=G%2)J:&(((3)#(((.:$*(((($3"'"(((?*(((#&.:&3*(((3"$T$((($*$(61&*.:"1*35/(((=G#9&?:&((('$14((C"1:$/(((0#*(
$#*%:&.3((2&((#G%3$1&$(#$1"3$%5(%)#*:5(P6G*%&(2&(%)35(2&(3"3"._U(8$(0%3&6):/(.&(>)1$(2")5(6G*%*($'9&(2&(
'$()%(91):$1(3$1&(.:5(2&(,"195(3)("(#)*&1&/(.$)/(#5(1"4/(>$3&($':3&,$/($6"*(.&()%4(3)(.#G%:G%5/(.&(:5,5'&.3(0%(
>5*%5($'95(S(3$1&(6"$:&(>*(?*(&$(>)1$:5(2&('$($3&'$?*(91):$1($>&#&*$:(S(?*(.&(615T&.3()?"1/('$()%(>"3(#*3(2&(
3519)%*U(Y1&9)*&(.&1,*:&(35'2)7&/(4$1%*.*:&(3)(3*1&?&(1&3*(.$)(3$*.&("651*:&U(c)/(2&(&X&#6')/((61&>&1((3*1&?&'&U(
I%((#$1"3$%(3)':*,$:(#5%G%35((,1&"(:1&*J6$:1)(>&'**(0%$*%:&(.5J?*(.3"$:5(%521$4**(.5*('$14*(?*(.5(.&('$.&(61$25(
6'53&1*'"1(:1)6&?:*(2&(3$1&(.&(6"$:&(9)3)1$(0%(B$1&#)'(.5)U
S((0%35(("((,"195/((?*((:&(($.*4)1(35((,$((>*(?*(()':*#$/(=9*$15(;$13&'"%$/(.3"7G%2)J?*((6*.:"')'U((\'(21$3)')*(.5(
>*)(2$35(%)J70
=9"1(((31&*&1**D
S((Y)/(((\'9&1:/(((3$1&((($*(((.:15#"?*(((3&(((:15*$)((0%(((.5'9G**3*&/(61"9$9*'(35(?:**((#G%3$1&$($*$(*%2*$%5(2&J*(
=*3&(P:G*7&*(2)'3*_/(3"%:*%)5(C"1:$/(*4%"1G%2($#&%*%751*'&(')*(;$13&'"%$U(\#(1&7&:$(2&('$()%(.5'9$:*3(
0#9'G%=*:/(3$1&($,&$('$(;&1'*%("(9)35:51*&(3)(#G%351)1*((6&%:1)((3$%*9$'*U
S((\7*(,5=):(3*)6&13*'&(6&('G%45(3$1&($#(:1&3):(0%(2*#*%&$7$($.:$W((.&(($)2&((2*%((0%:)%&1*3((,"3&$(
A*3)7)')*U
S((K)D(153%&?:&(;5:1G%)'/($.:)6G%2)J?*()1&3B*'&/(?*(%)(,1&#(.5((?:*#((%*#*3((2&.61&((&'&D
S((<*)6&13*/((((">:&$=5((((C"1:$((('*%4G%2)J?*((((9)=&'&U((((F$35(2&.3"6&1*(2*%(%")('"3)'(5'$/(6):&#(45:*("(
#G%3$1&(3B*%&=&$.35
Ond
``>:A_([
%)#*:5(P3*)6&13*(3$%:$:"$1&_U(\#(')$:(1&7&:$(2&('$()%(#$*"1(3B*%&=/(3$1&($(,*=*:$:(2&6"=*:)'(2&(#)%*7*&($'(
\1#$:&*(2&('$(;$#9&14U(Y1&9)*$(.5J*(&X6'*3(3)#(>)%37*"%&$=5(%"*'&(3):**(&X6'"=*9*'&/(2$1(31&2(35($(>".:(,1&"(
%&0%7&'&4&1&('$(#*T'"3/(2*%(61*3*%$('*#9$T)')*/(61"9$9*'/(6&%:1)(35(:*6)'(.J$(:1&=*:($=,G1'*:(0%(*$2)'(3B*%&=&.3(
2)65(3&($(>"'".*:(2")5(2*%:1&(&'&U(0%("1*3&(3$=/($#($,):(%"1"3)'(.5(>$3(1".:(2&(1&7&:5(0%$*%:&(.5(2&$(&'("1:)V(
6"6**U(c.:&("(P6*&3&(2&(1&.*.:$%3&_/(#$*($'&.(3G%2("(#5%G%3*(3)("(6"17*&(2&(3$1%&(.$)(2&(6&?:&U(F&(
$.&#&%&$/(25(.:"#$3)')*("(.&%=$7*&(2&(.$7*&:$:&/(6&%:1)(35(.&(>"'".&?:&("1&=(>*&1:(.$)UUU
S((\.:)6$7*J*((4)1$((3)((3&,$/((1$4&(@1&4"1U(((E2*":)'(5.:$/J%&(0%%&9)%&?:&((6&((:"7*D(
gU
8$(.3)1:(:*#6(2)65(*,*1&$(="1*'"1/(1&4*#&%:)'(6"1%&?:&('$(21)#U(F")5(.):&(?$*=&3*(2&(:$%3)1*/(0%(>1)%:&$(
351"1$(.&($>'5(Y*4&1**(41&*U(0%(>$7$(%"$.:15(.&($?:&1%&()%(21)#('$14(?*(21&6:U(Y1&3&#(6&('G%45(3G:&,$()%*:57*(
1).&?:*l(."'2$7**(%&(61*,&.3(0%#51#)1*7*U(Y$%3)1*'&(%"$.:1&(*%:15()1)*%2(0%:1VJ)%(.$:/('5.G%2(0%()1#5()%(%"1(2&(
61$>U(Y1$4&#(1$>$'&(.3)1:&(2&(6)?3GJ#*:1$'*&15(0%(."'2$7**(1)?*(6&(3$1&J*(=51*#(2*%(4"$%$(:$%3)')*U
S((<&(((21$3)V(((&((($.:$W(((.:1*45((((C"1:$/((("61*%2(((Y*4&1)'(((0%($61"6*&1&$((()%)*(((6"2U
F1)#)'(&(9'"3$:(2&($%*#$'&U(H*/(#**(?*(#**(2&("*U(+&(0%415#52&.3(0%(T)1)'(%".:1)(?*(.&($4*:5($:G:(2&(:$1&(0%3G:(
9$').:1$2$(6"2)')*(31$65U
0%(((.:$7*$((1$2*"((.&(($)2&(("((,"3&((%&'*%*?:*:5U
S((<"#$%2$%:)'(((3"#6$%*&*(((35:1&(((6'):"%)'(((OU(((F&(((3&(F)#%&=&)((:&J$*(("61*:/((;&*&1W(0%$*%:&D(
A*?3$7*J,GD((A*?3$7*J,GD(-$*2&7*("2$:5/(')$J,J$1(%$*9$D(0%(%*3*()%(3$=(%)(:1&9)*&(.5(,5("61*7*D(((Y1&9)*&((.5(
,5((:":((1&6&:W
S((F"#%)'&/((2$1UUU/(((0%3&$135(((;5:1G%)'((.5((61":&.:&=&U
S((K)((,1&$)(.5((?:*)(((%*#*3/((=9*$15(((8"R&((*.:&1*3/(((0%$*%:&D(+:1*,*7*((:":(3&(,5(.:5(0%((3$'&D((Z1&7*(.5(,5(
2&.&%&=(3)#(,*%&(:1&$9$W(F$35(,5((#$*("61*7*(("(.*%4)15((2$:5/(,5(6$?:&(<)1:&$(A$17*$'5D((Y&1#*%$:D
S((;$:$'*"%)'((OD(((A$1?D(((A$1?D(("12"%5(($.61)(((;5:1G%)'U
S((H/(((%)D(((#"1#5*&(((C"1:$/(((&X$.6&1$:U(((AG%3$1&$((($.:$(2&'*3*"$.5D((`:*)(3)#(.&(61&6$15("(#G%3$1&(
&X:1$"12*%$15(2*%(3":'&:((2&(#*&'/((3)((3"%*$3(?*((3*#91)/((0*(.:*#)'&$=5(6&(3&*((3)(.:"#$3)'(1&=*.:&%:U(A*(.J$(
.6).(35(#51&?:&(?*($6&:*:)'(.&X)$'($'(9519$7*'"1U(Y1&9)*&(#G%3$:5/(2&3*/(0%$*%:&(2&($(#&14&('$(9"12&'D
S((Y&1#*%5(((3)(_65'5,154&$'$(((?*(((6"1%&?:&((("2$:5/(((#G1G*&(;5:1G%)'(((0#9)>%$:/((3"9"1G%2((2&((6&((:)1&'5U
S((<&((1)?*%&/((61":&.:&$=5((C"1:$/((2$1/((#5(U1"4/((3)#((,1&*D
D>+
CG%5($3)#/(%*3*()%)'(2*%:1&(%"*(%J$#(?:*):(35("*'&(?*(3$61&'&(6":(7*6$U(F$1($#($>'$:J"(?*(6&J$.:$U(+:1*45:&'&('"1(
.&($.&$#5%5(3)(3&'&($'&()%"1(3"6**(0%>1*3"?$7*U
C"2)'(?*(21)#)'(.)%:(:1$%.>"1#$:&(0%:1J)%($2&,51$:($9$:"1(#).:*%2(2&(.G%4&l(61&:):*%2&%*/(3$1%&(?*("$.&(
.:1*,*:&U(+#"3)1*(2&('G%5(.#)'.5(=9"$15U61*%($&1/(6&(#5.)15(3&(0%$*%:5#(61*%:1&($%*#$'&'&(9)')3*:&U(F&($9*$(
.3565#(2&(&'&(?*($T)%4&#(2*%()1#5("(3"'"$%5(=4"#":"$.5(2&(1&>)4*$7*(3*,*'*/(3$1&($)("3)6$:(21)#)'(2*%:1J"(
6$1:&(0%($':$
S(((?$%35!03-(/,5!<$%3"""5!3G%:5(8&4*"%$1)'('G%45(.:$7*$(1$2*"U
S((H(.GJL((.)41)#((6&(($>)1*.*:)'((5'$((0%:1J"((9)%$(=*/((#G1G*&(>)1*".(((;5:1G%)'U
S((<&(.5(#$*(>$3($3)#W(0%:1&$95(C"1:$U(A*J&(*#6".*9*'(.5J*("3"'&.3U((((\'5:)1*(((&((("((((#'$?:*%5U((((F$35(
$T)%4&#((($3"'"/(((%&(.3)>)%25#((6G%5((%&((6"#&%*#(((0%((4B&$1&'&((')*((+3$1$"73B*D
<$(?*(3)#(3*%&,$(*J$1(15.6)%2&('$(0%:1&9$1&/(61*%(.:$7*$(1$2*"(.&($)2&h(P0%$*%:&D(Y1&3&7*(6&.:&(&*D(c3B*6$T)'(
3$1&("61&?:&(,$($T)%4&(0%(>$7$(<)17**(A$17*$'&D_
S((C$%=&1/(#$1?D(C'):"%)'(O/(2)65(#*%&D("12"%5(;5:1G%)'U(8",&?:&((3)((6)#%**((0%(((#)3B*$((:)1&'&*/((3)(()%(
4&.:(((2*.6&1$:U
<*,*'**(0%3&6(.5(>)45U(+&(0%21&$6:5(.61&(#'$?:*%5U(I%(95*$:(0?*($1)%35(9*3*3'&:$(0%(>$7$(:$%3)1*'"1/(0%:1J"(
0%3&13$1&(2*.6&1$:5(?*(*%):*'5(2&($("61*()%(Y*4&1U(<51)3*"$1&(3)(3"6**(#*3*/(351)7&/(*%,$'*=*(.)%:('5.$7*(2&(
*=9&'*?:&/(.5(.&(2&.3)13&(3)#(6":U
<&*(3$1&(.3$65(2*%(>$7$(?&%*'&'"1(="1%5*:"$1&(2&("7&'(.&($>)%25(0%(#G')'(#'$?:*%**/(0%(>*%$'/(%)('*(.&(#$*(,52(
2&3G:(#G*%*'&(31*.6$:&/(*#6'"1G%2(3)(2*.6&1$1&(3&1)'(.5('&(,*%5(0%($T):"1/(2)65(3$1&(2*.6$1($9."19*7*(2&(
#'$?:*%$(,&12&U
S((H(($2&,51$:5((31*#5/((4&#&((0%>*"1$:((;5:1G%)'U
F&(6&()%(21)#('$:&1$'/($6$1(3'$X"%G%2(&.3"1:&(2&(#":"3*3'*?:*(1)?*/(0%."7*%2("(3"'"$%5(2&(:1$3:"$1&(3$1&(:1$4(
2)65(&'&(9$:&1**($%:*:$%3(%")J%")7&U
+"'2$7*(H@CI/(3)($):"#$:&'&('$(6*&6:/(%&(>$3(6&(21)#(.&#%&(2&("61*1&U(C1&$(:G1=*)(0?*(2$)(.&$#$(35(&(,"19$(
2&(:$%3)1*(*%$#*3&/(3$1&(%)(6":(>*(.:5,*'*:&(3)(%*3*()%(61&ÉU
0%($:$?)'(61*#&*(#":"3*3'&:&/(.&(1*2*35(0%(6*3*"$1&()%(3"#*.$1(3$1&(>$3&(.&#%&(2*.6&1$:&(3)(#G%$/(2$1(.&(
6159)?&?:&(3*)1)*:(2&(:1$."$1&U
S((y*%:5(((*%$#*35(((21&6:(((0%U(>$75U((("12"%5(((.3)1:(((;5:1G%)'U(F*.:$%7$(:1&*(.):&(3*%3*=&3*(2&(#&:1*D(0%3513$7*(
3)(91*=$%:&D(-$':D(]"3D0000000000000000000000000000000000000000000V((((((J000000000000000000000U0000000000J
Y1$3:"$1&'&((41&'&((2&($1:*'&1*&((.)%:(((.6)'9&1$:&U
Z*%&(1G%2)'(9$:&1**'"1($%:*:$%3U(c.3"1:&'&(2&(#":"3*3'*?:*(.)%:($1)%3$:&(2&(.)>')(0%.61&(652)1&/(*=9*%2)J.&(2&(
:1)%3B*)1*'&(3"6$3*'"1U
Onv
I%(.)9">*7&1(H@CI(=9"$15(6&.:&(:)1&'5/(15#G%&("(3'*65($457$:(2&(3$6":$(#":"1)')*/($6"*($')%&35(6&(7&,*'&(2&(
&?$6$#&%:(0%3*%.&h(.&($)2&(.>G1G*:(2&(6*&'&($1.5U(@15.*#&$(2*%(:1)6)'(.5)(.&($61*%2&(?*($12&(3)(>'5351)*(#*3*/(
:1&#)15:"$1&U(F)B"$1&$(65:1)%2&(0%(*%:&1*"1)'(:$%3)')*/(>53G%2)J%&(41&$75U
!5.51*:)'(."$1&')*(.3$'25(0%:1J"(')#*%5(,&.&'5/(.:15')3*:"$1&/(61*,&'*?:&$(2*%(>$7$(%"$.:15U
F&.3B*2&#(:1$6&'&/(*%.6*15#($2G%3($&1)'(61"$.65:(?*/("(3'*65/()*:5#(2&(15=9"*U(I%(.:"'(2&(>$=$%*(4)1&?*(=9"$15(
>"$1:&($61"$6&(2&(65#G%:U
S((+>G%:5(]&3*"$15/(&X3'$#5(C"1:$/()1#51*%2)J*(3)("(61*,*1&(2&(((,)'6&((('*B%*:5(((2&(((>"$#&U((((F$35((($#(((61*%2&(
,1&"(((2")5(=9)15:"$1&(2*%($.:&$/(,J$?(>$3&(P>$=$%(G('$(-$%%*9$'_U(0%($>$15(2&(65.51*/($#(#$*($,&$(%&,"*&(2&(
6)7*%5(.3"17*?"$15/("(#G%5(2&(3$*.&().3$:&/(61)%&/(3*1&?&/(%*?:&(?">1$%/(357&*(2&().:)1"*(?*(3G:&,$(3*)6&13*(:5*$:&(
#51)%:U(8$(.>G1?*:/(.&(6)%&()%(6$B$1(2&(,*%(1"?)(.*("('*%4)1*75(2&(=$B51U(KJ$1(.:1*3$(?*()%(".(2&(,*7&'/(2$1(.5($*95(
%&$651$:(#52),5/(>**%235(>$=$%**(.)%:(3$#(2)12)'**(0%(6&1*"$2$
$.:$U
S((KJ$*(2&(4G%2(.5(0%3&:&=*/(6"13(0#6)7*:(3&(&?:*W(153%&?:&(;5:1G%)'/(($1)%3G%2((0%.61&((&'(()%((:)9((4"'((2&(("9)=U
I%(:1$%.6"1:"1(#$1&(2&(*%>$%:&1*&($6$1&(0%(6'*%5(,*:&=5(2&(6&("(6":&35/(.&(15.)3&?:&(0%(T)1)'($X&*(?*(.&(15.:"$1%5/(
$1)%3G%2(0%(21)#(."'2$7**(2*%5)%:1)U
;$13&'"%$(0%3&$135(.5(>1G%&=&(Y*4&1)'(0%(:*#6(3&(3"9"$15("(6$%:5/(2$1(:$%3)'(2&(oe(2&(:"%&(3"%:*%)5(.5($')%&3&(3)(
?&%*'&'&(9'"3$:&U(Y1&3&(61*%:1&(."'2$7**(:1G%:*7*(6&(21)#/(:1$%.>"1#G%2(3$#*"%)'(15.:)1%$:(0%:1J)%(#"1#$%(2&(:$9'5(
3"%:"1.*"%$:5/(?*(0?*(3"%:*%)5($')%&3$1&$(6G%5(3&(.&(*=9&?:&(2&(&6$,$(:1$%.6"1:"1)')*U
S((8$(21$3)V/(.:1*45(C"1:$(0%>1*3"?$:/(61*,*%2(61*%:1J"(>$%:5(2&((("9.&1,$7*&/(((:":(((21)#)'((($12&D
S((\)(:1$.(3)($1)%35:"$1&(2&(>'5351*/(#"1#5*&(;5:1G%)'U(+J$(=*.(((3)(((%"*U
Y*4&1)'(')*(;$13&'"%$(.&($>'5(2&T$(0%(#*T'"3)'(*$2)')*(2&(>'5351*/()1#$:/('$(3G7*,$(#&:1*/(2&(:$%3)'(8&4*"%$1)')*U(
+):&(2&(T&:)1*(2*%($1)%35:"$1&'&(2&(>'5351*(:1$%.>"1#5(21)#)'(0%:1J)%($2&,51$:(3)6:"1U(Z"6.&$)$(:$%3)1*'"1(.&(
)#>'5(?*(6'&.%&?:&U(\&1)'(&($:G:(2&(0%3*%./(0%3G:(.*#7*#(35(%&($12(4G:'&T)1*'&(?*(6'5#G%**U
S((K)(#$*(,52($9."'):(%*#*3/(:)?&?:&(C"1:$/(:)1%G%2)J?*($65(0%((3$6U
S((A*?3$7*J,5D(=9*$15(3"#$%2$%:)'(3"#6$%*&*(0%(.:$7*$(1$2*"U(F$35(((,5((("61*7*/(((.)%:&7*(((6*&12)7*D
<G%2($T)%4&#(0%(#*T'"3)'(#51**(2&(>"3/(#":"1)'(0%3&6&(.5(:)?&$.35U(]'5351*'&(0%4B*:(:":($&1)'U
D>9
S((A*3?"1$7*(((,*:&=$/((()1'5(((;5:1G%)'U(((8$(((,*:&=5(((#*35/(((%)(.:G1%*#(((61&$(((#)':(((3)1&%:U
S((K)J#*(2$(:)('&37**/(#G1G*&(%&1,".(C"1:$U(Y)($*(41*T5(2&(6$1:&$(3$1&(9)9)*&(?*('$.5(1&.:)'(B$12)4B*&*(0%(.&$#$(
#&$D(\*3*/(#&3$%*3)'J?&>(.)%:((&)D
F&"2$:5(%&(6"#&%*#(0%($>$1$(3&13)')*(2&(>"3U(]515(.5(%&(6&.&(2&(3&&$(3&(%&J$1(6):&$($?:&6:$/(2&.3B*2&#(:"$:&(
:1$6&'&/(3)("(.*%4)15(2"1*%75(S($&1D
S((<&'(6)7*%($#($>'$:(?*(%"*(3)#(&(.5(>**(615T*:/(.&(:G%4)*&(C"1:$(((154)?*:/(((?:&14G%2)J.&(((6&(((>$75(((3)(((%*?:&(
3G16&((()2&U
S((0%$*%:&D(((<)(:"$:5(,*:&=$(0%$*%:&D(("12"%5($4*:$:(3"#$%2$%:)'((3"#6$%*&*U(((K)(((,5((("61*7*D
<"#6$%*$($(vJ$(:1&3&(0%(4"$%5(61*%:1J)%(.$:/(*4%"1G%2(*%>$%:&1*?:**(3$1&($:$35(2*%(3$.&/(?*(0?*(3"%:*%)5(21)#)'(61*%(
%&.>G1?*:&'&('$%)1*(2&(>'"$1&$J."$1&')*U
E%:15#(2)2)*%2(0%(6*$7$(#$1&($()%)*(:G14(0%(3$1&(."'2$7**(1)?*U(0%()%*>"1#&(2&(,$15/(.&(6'*#95($4$'&(3$(?*(3)#(.J$1(
$>'$(0%(4$1%*="$%5/(6&(,1&#&(2&(6$3&U
0%(3)1:&$()%&*(3$.&/(3&(.&$#5%5(#$*(2&41$95(3)()%(3$.:&'/(3G:&,$(41)6&(>$3(*%.:1)37*&U(cX&1.&$=5(.$'):)'(0%(:*#6)'(
#$1?)')*U(Y1&3(6&('G%45(.)9">*7&1(0%(6$.(2&(4G.35/(1*2*35(#G*%*'&(0%(21&6:)'(9"%&:&*(?*(#*?35(41&"*(?"'2)1*'&/(0%(
.:*')'(3$1$3:&1*.:*3(1&31)7*'"1U(<)()%(=5%45%*:(6):&1%*3/(3"#6$%*$(.&("61&?:&/(*$1(:)1&'&'&(.&(1":&.3(6&%:1)($(%&(>&1*(
2&()%(&,&%:)$'($:$3(%&$?:&6:$:U
!)?**(U(H>"!B"'9&$=5('$(%"*(2&(6$135($#(>*($:&1*=$:(2&(6&($':5(6'$%&:5U(I%)'(2*%:1&(."'2$7*(3"%:*%)5(.5(#51?5')*$.35(
?*(.5(.$'):&/(6&%:1)(35(.)9">*7&1)'(%)(*J$(2$:("12*%(.5(.&("61&$.35U(F$35(%)(.J$1(>*(*=9*:(*%:1J)%(6&1&:&/($1(>*(>".:U0%(
.:$1&(.5(#51?5')*$.35(61*%(:"$:5(!).*$/(61*%(U<B*%$/($6"*(.5(*%:1&(0%(H3&$%)'(C$3*>*3(?*(.5(.&(0%&3&U(I%(">*7&1(3)(
&6"'&7*('$7*(2&.3B*2&("(>&1&$.:15(?*(.:1*45(3&,$(%&2&.')?*:U
+)%:&#($61"$6&('$(>&'(2&(.)161*%?*(3$(?*(1)?**U(K*#&%*(%)(:1$4&(%*3*(#53$1()%(4'"%7U(K)(>)4&(%*#&%*U(CG%5(?*(
45*%*'&(T)#)'*:&(.:$)('"3)')*/(61*,*%2)J%&(3)(4G:)1*'&(')%4*:&U
I%(41)6(2&(">*7&1*(1)?*(*&.&(2*%(3$.:&'U(Y":($1#$#&%:)'()?"1(&($1)%3$:(0%(#*T'"3)'(6*&7&*/('$(6*3*"$1&'&()%)*(
#"%)#&%:(3&(.&(0%$'75(.61&(3&1/(3$()%(2&4&:($3)=$:"1/(0%($#*%:*1&$(61*#)')*
15=9"*(((#"%2*$'U
I%(4&%&1$'J'"3":&%&%:(1)./(3"#$%2$%:)'()%&*(>"1#$7*)%*(2&(:$%3)1*(2&(1&=&1,5/(&(>53):(61*="%*&1/(0#61&)%5(3)(
0%:1&4)'(.:$:J#$T"1/(2&(35:1&(6'):"%)'(O/(>515(.5(.&(:1$45(,1&)%(>"3(2&
$1#5U
S(<&(21$3)V(>$3&#(3)(&*W(0%:1&$95(C"1:$(0%41*T"1$:U(F$35J?*(2$)(.&$#$(3$1&J*(:1&$9$/("1(.5(%&(:5953&$.35(
>)%2)1*'&(6G%5("1(.5($T)%45(#$*(%&41&(2&3G:(3)1)'(')*(\'9&1:D
D>>
S((-$*(((.5J*((0#6)?351**(((%*7&'/((61"6)%&((A*3)7)'/(6&()1#5(0*('5.5#(.5(>)45U(?*($?$(.3565#(2&(&*U(I%(4&%&1$'(3$(
5.:$/(0%."7*:(2&(0%:1&4((.:$:)'(((.5)(((#$T"1/(((%&J$1((6):&$((($2)3&(((#)':&(((%&3$=)1*D
0%$*%:&(3$(;5:1G%)'(.5(*$("(B":51G1&U(H9&1'3):%$%:(8"R&(25(9)=%$(0%(6*$75/(0%(>1)%:&$(3"#6$%*&*($(vJ$U
S((F&(((3&(((21$3**V(((:&J$*((("61*:U(((;&*&1W(((=9*$15(((&'(((61*%(((:1)6$(:)1&'&*/(65'*%2((2&(>)1*&U((K)(7*J$#("12"%$:(.5(
%)("61&?:*W(Z1&*(.5J7*(((6&:1&3*(((1&.:)'(((,*&7**((('$(((@&1#&1.B&*#W
S((C&1#*:&7*(.5(1$6"1:&=/(2"#%)'&/(6'):"%)'(O($(3$6:)1$:()%(4&%&1$'/((3"#$%2$%:((2&((3"16((2&(($1#$:5/((0#61&)%5(
3)((0%:1&4(.:$:)'((.5)(((#$T"1U
S((<&J$(:53):W(0%:1&$95(8"R&/(61*,*%2(6&%:1)(61*#$(2$:5(0%(T)1)'(((.5)U
Y1$6&'&(.&(2&.3B*2(3)(=4"#":(?*(&'(7G?%&?:&(2*%(:)1&'5/(0?*(%&:&=&?:&()%*>"1#$(65:$:5(2&()'&*(?*J?*(6":1*,&?:&(9"%&:$(
1&4)'$#&%:$1/(0'(.$'):5(>"1#$'(6&(4&%&1$')'(1)./(3$1&J*(15.6)%2&(1&=&1,$:U(I1#&$=5(.:1G%4&1*(2&(#G%5(?*(6"'*:&7)1*(
2&(3*13)#.:$%75U
S(((E$(:&()*:5/(9)>%&?:&(C"1:$(S($15:G%2(0%.61&(">*7&1**(3$1&(.J$)((($2)%$:(((6&(((:&1$.5(((S/(((3&(((3'*35((0#6)7*:5D(
\?$(((.)%:(((:"7*(%&#&1%*3**(5?:*$(3)(%$.:)1*(.:15')3*:"1*U(C&(%"*/(:G1?&'"?**/(%)(%&(9$45(%*#&%*(0%(.&$#5U(8"R&(,$(
"97*%&(&,&%:)$'(?*("(2&3"1$7*&/(*$1(%"*("(.5(')5#(%)#$*(?):)1*(0%(3)1(6&%:1)(35(%&J$#("61*:(2*%(21)#D
0%(.3)1:(:*#6/(.:$:)'J#$T"1($'(3"#6$%*&*(65:1)%2&(2)2)*%2(0%(6*$75U(H9&1.:(-*%^$(0'(.$'):5(6&(4&%&1$'(?*(.:$:)'(.5)(
#$T"1(?*(3"#6$%*$(6"1%&?:&(2*%(%")('$(21)#(3)(,*:&=5(#$X*#5U
S((I%2&J"1(>*((,&3*%**W((.&((#*15((C"1:$/(2)65(3G:&,$(("1&((2&(#&1./(((:*#6((0%((3$1&(((%J$#(((0%:G'%*:((()1#5(((2&(
1).U
S((E,$%($(6'&3$:($3$.5D(<1&2(35(.J$(.5:)1$:(2&(15=9"*/(.6)%&(A*3)7)'/(("6:*#*.:U
E%(3'*6$(0%(3$1&(%&("61*#(6&()%(2&$'(6&%:1)($(,&1*>*3$(%*,&')'()'&*)')*/($,&#(.&%=$7*$(35(652)1&$(%&(0%3"%T)15(3$(
)%("3&$%(%&.>G1?*:U(I%)'(2*%(%&$T)%.)1*'&(:$%3)')*(Y*4&1(&.:&(>$6:)'(35/(2$35($1&(6)7*%()'&*/(#":"1)'(.&(0%3*%4&(
61&$(:$1&(?*(6"$:&(')$(>"3U
C5'5,154&$'$(3&(.&($)2&(*%(.:$7*$(1$2*"(0%3&:&$=5(?*(%&($>)%25#(0%(652)1&$(*#&%.5U(<B*$1(?*(C"1:$(:$3&U(K&(
$'*#&%:5#(1&=&1,"$1&'&(2*%:1J)%(2&6"=*:(1).&.3(6515.*:(?*(#&14&#(#$*(2&6$1:&U
0#*('*6&.3("3B**(2&(*%&')'(2&(3$)3*)3(2&(6&(,*="1)'(6&1*.3"6)')*(?*(61*,&.3(0%3"12$:(>*&3$1&(6G'3(2&(3"6$3*(0%(3$1&(
$1(6):&$(>*(3$#)>'$:()%(:)%($%:*:$%3U(YG%T&.3(2)65(=4"#":)'()%&*(0#6)?35:)1*l(%&J$1(6):&$(.3"$:&(2*%(.:$1&$(2&(
0%3"12$1&(6&(3$1&(%&J$(*#6).J"('*%*?:&$($.:$(#"1#G%:$'5U
One
C"1:$(>"17&$=5('$(#$X*#)#(#":"1)'(A$*9$3B/(31"*%2)J?*(21)#(61*%(41"6*'&(2&("9)=(?*(61*%:1&(15#5?*7&'&(
,&B*3)'&'"1(2*.:1).&U(F&J$(')%4)'(21)#)')*/(=$3(3$2$,1&(2&(."'2$7*(?*(3*,*'*(S('&?)1*()#>'$:&/(6&(3$1&(#*?)%5(
#*'*"$%&(2&(#)?:&(#$1*/($'9$.:1&U(E%.&3:&'&(0?*(*$)(=9"1)'/($')%4$:&(2&()1)*:)'(4159*:($'(Y*4&1*'"1U(8&4*"%$1)'/(3$1&(
.&($>'5(0%(>1)%:&$(3"'"$%&*/("9.&1,5/(.61&(%"1"3)'(0%:1&4)')*(6'):"%/()%(9$1$T(>"1:*>*3$:(2&(:$%3)1*/($651$:(2&(%"*'&(
:)%)1*($%:*$&1*&%&(1).&?:*/(3$1&(61*%:1J"(#*35(1&4'$1&(6":(2&,&%*(%*?:&(1&2):$9*'&(:)%)1*($%:*:$%3U(c'&(.)%:(#"1:$'&(
6&%:1)(:$%3)1*'&(Y*4&1(2&('$(:1&*(.):&(2&(#&:1*(2*.:$%75U(H9)=&'&('"1(6":(6&1>"1$(9'*%2$T)'(%".:1)(>1"%:$'/(41".(2&(
=&3&(3&%:*#&:1*/($.&#&%&$()%)*(3)7*:(3$1&(65:1)%2&(0%:1J31(9)3$:5(2&()%:U
;5:1G%)'((%&(("12"%5((.5(("61*#(?*(61*,&?:&(61*%(9*%"3')(.61&(9$:&1*$((3&(((%&((.:5((0%((3$'&U
S((K&(&.:&(3)((%&6):*%75((.5((#$*($,$%.5#/(1$6"1:&$=5(&'(*%
.:$7*$(((1$2*"U
S((0%21&6:$7*J,5(((.61&((3":)'((1G)')*(?*((')$7*J"(6&J$3"'"/(,*%&
.3)1:((("12*%)'U
Y1&3&#(61*%(652)1&/()%2&(%&(*&.&(0%(3$'&()%('$3/($61"$6&('$
>&'(((2&((('$:((3$((("(((#$1&U
S((]&1&3$7*((:1$6&'&/(("12"%5((;5:1G%)'/((0%5'7$7*((:)9)'(6&%:1)
$&1D
Y$%3)1*'&(*%:15(0%3"'"%$:&(0%('$3U(Y*4&1**(.&(6":(.3)>)%2$(6G%5('$(6$:1)(#&:1*(.)9(%*,&')'($6&*/(2$1(0%:":2&$)%$(%&(
3)61*%2&(6$%*3$($:)%3*(3G%2($T)%4&#(0%('$3)1*(:":$'(%&3)%".3):&U(+&(?:*&(35(:$%3)1*'&(6":(15#G%&(0%7&6&%*:&(?*(6":(
J>*(0%4B*7*:&(3)(:":)'(2&(#G'U(F$35()%(:$%3(&(.3".(*$15?*('$(.)61$>$75/(#&#91**(&3B*6$T)')*(V.)%:(2&T$(#"17*(61*%(
$.>*X*&1&U
S(((F1$3&/('$3)'(5.:$(6$1&(>"$1:&()2/(6)>%&?:&(C"1:$/(1*2*3G%2
0%>*"1$:(((2*%((()#&1*U
S(((E$(>**($:&%:D(+)%:("(#)'7*#&(2&(.31)#9**/(=9*$15(A*3)7)'
)*#*:/(((61*,*%2(((61*%(((,*="1)'(((6&1*.3"6)')*U
S(((F$35(($#(("61*((6)7*%/(.)4&1&$=5(C"1:$/($#(6):&$(3)'&4&(%*?:&(.3"*3*U(ZJ$?(45:*(P.3"*3*(G('$(%"1#$%2&_U(\#(
>$3&(1".:(?*(2&(3G:&,$(((3&6&(((#$1*/((('&J$#(((:5*$(((#51)%:(((?*((('&J$#((($#&.:&3$(((3)(65:1)%T&'(((?*(((7&'*%5UUU
;5:1G%)'((0%?>$35(((6*.:"')'((.*JL(((61"6:&?:&((0%((3&$>$((')*((C"1:$U
S(((I%(((.*%4)1((3),G%:(((2&.61&(((#G%3$1&(((?*((("((.5J7*((0#61G?:**(31&*&1)'(((5.:$(((9&1'*%&=(((6&(((:"7*(((6&1&7**D
S((A5(((:&#((35(((%J$*(((.5((>**(((%*3*"2$:5((()%(((4)1#$%2/((">:&$=5(C"1:$(((2*.61&7)*:"1/(((0#*((($#*%:&?:*(((2&(((-&11(
f$#6B$':&1/(((3$1&('"3)*$(((0%(((6$13)'(((3)(((:1$%2$>*1*(((2&((('G%45(((C$2&9"1%UUU
S((@)1$U(((.&(((15.:&?:&(((;5:1G%)'/(((0%>)1*$:U
c(((0%:1&1)6:((0%.5((2&((()%(((:1".%&:((3$1&(((%&(($.)1=&?:&(((6&(((:"7*U
+)%:&#(61"*&3:$7*((6&.:&(*%.:1)#&%:&'&(2&((9"12(?*((%&(*=9*#(2&(9'*%2$T)'(((2*%((("7&'U
S(((<&J$(((>".:((($.:$W(((0%:1&$95(((?"3$:(((;5:1G%)'/(((?:&14G%2)J?*(.G%4&'&((2&((6&((>1)%:&l((.J$((('",*:((3)(3$6)'(2&(
#$14*%&$((:)1&'&*U
S((K&J$(*&?*:(0%(3$'&()%(9"'",$%($:&)(?*(3"#)%*.:/(15.6)%2&(C"1:$/(((."19*%2(((61&')%4((2*%(((.:*3'$((3)((($65U
S((K)(6):&$*(.5JL("3"'&?:*W(0%:1&$95((;5:1G%)'(%&1,".U(F"$1(?:**(((35(b(#)3B*$((($.:$(((%)J*((($?$(((2&(((#"$'&(((3$(
9$'&4$(((2&(((,$35D
S(((0%3&$135(.5(%)(#$*(>$3*(0%(6$%:$'"%**(6&(3$1&(7*(*J$(2$:(\2"'>/(.6)%&(C"1:$(6&()%(:"%(3"%>*2&%7*$'/(0%(,1&#&(3&(
0%:"$13&(:$%3)'/(((0#615?:**%2(b($:G:(((2&(((#)':(((%"1"*(((0%3G:(((%)(((#$*((,&2&#(%*#*3U
A&14&#(0%(6$1$'&(3)(.:G%3$(2&(3$1&(%&J$#(*=9*:(?*/(2)65(#)':5(,1&#&/(2&.3"6&1*#()%('"3(2&.:)'(2&(#$1&(6&()%2&(
$1(6):&$(0%356&$(Y*4&1)'U(0%(.>G1?*:/(.*#7*#(35(?&%*'&'&(3$'35(6&(65#G%:(."'*2l($T)%4&#(6&().3$:/('5.G%2(0%()1#5(
9$:&1*$($%:*:$%3U
H(3"#6$%*&(2&(YJdN(&.:&($'*%*$:5('G%45(*%:&1.&37*$($(6$:1)(21)#)1*(3)(?".&$)$(61*%3*6$'5(3$1&(2)3&(.61&(-$1^",U(
F&.3B*2&#(>"3($.)61$('"1(2&('$(3*%3*.61&=&3&(#&:1*U(Y$%3)1*'&(.)%:(3)61*%.&(2&(>'5351*(?*(%"*(:1&3&#(3B*$1(6&(
'G%45(&'&U
<G:&,$(&.3$21*'&(2&(9"#9$12*&1&(1).&?:*(.&(%56).:&.3(0%(6*3$T($.)61$(%"$.:15/(2$1(9"#9&'&('"1(&X6'"2&$=5(0%(.:&65(
?*(0%(652)1&/(3)()%(6*&.%&0(0%>)%2$:/(%&61","3G%2)J%&(6$4)9&/(0%$*%:5#(>515("61&'*?:*(?*(=51*#(.3'*6*1*'&($14*%:**(
$'&()%)*(1G)U(;513*(15.:)1%$:&(?*(3$2$,1&()#>'$:&(6'):&.3(6&(.)61$>$7$($6&*/(2&('$()%(#$'('$(3&'5'$':l(.:"')1*(0%:1&4*(
2&(65.51*('&(61*,&.3()')*:&U(H9)=&'&(3$2(0%()1#$(%"$.:15/($1)%3G%2(0%($&1(65#G%:(.*(:1)%3B*)1*(1&:&=$:&(2&(3"6$3*U
S(((C'):"%)'((O(('$((1G)/((1$6"1:&$=5(((;5:1G%)'((0%((.:$7*$((1$2*"U
S((Y1$,&1.$7*D(((,*%&(((91).3((("12*%)'U
S((C'):"%)'((O/((2)65(((#*%&/((("12"%5(((;5:1G%)'/((*%2*3G%2)J%&(6"2)'U
F")5(9"#9$12*&1&(1).&?:*(2&(,G%5:"$1&(=9"$15(1$=$%:(3)(,G1>)1*'&(3"6$3*'"1U(!5.3"'&.3(21)#)'(3)(:)%)'('"1(
$):"#$:U(I%(6)B"*(2&(."'2$7*(.",*&:*3*(,*%&(2*%.61&(2$:3B&'&[(2*%(.6$:&'&(=*2)1*'"1($1.&($'&(3"'B"=)1*'"1U(H(:)1#5(
2&(6"13*(0%.65*#G%:$7*($'&$145(0%(>$7$('"1(4)*7G%2/($6"*(.&(0%:"$13&(?*(%5,5'&?:&(2*1&3:(0%(#*T'"3)'(,G',5:5*'"1U(
+"'2$7**(?*(3*,*'**(0?*(1*2*35(91$7&'&(0%(.&#%(35(%)(.)%:(0%$1#$7*U(!&.&#%$7*/(65?&.3(61*%(%"1"*)'(6G%5('$(4&%)%3B*/(
3"9"$15(2&$')'(?*(.&(0%21&$6:5(.61&(%"*(0%(41)6(3"#6$3:U(<&*(2*%(>$75(0%3&:*%&.3(6$.)'/(2$1(.)%:(0#6*%?*(2&(3&*
[((F):3B$(S(3$.5(1).&$.35(2&(7$15/(>"'".*:5(0%(4&%&1$*(2136*(3$.5(2&(,$3$%T5

=
Oe{
2*%()1#5U(+&($?&$=5(0%(T)1)'(:$%3)1*'"1(?*(61*,&.3(61*%(>$%:&'&(2&("9.&1,$7*&/(($?:&6:G%2((0%3"12$7*((.5(((,$25((3&((,$(
>*((3)((&*U
S((C&%:1)(%)#&'&(')*(F)#%&=&)/(3&J"(.5(>$3&#(3)(#)'7*#&$($.:$(((2*%((T)1)'(((%".:1)W((0%:1&$95(((;5:1G%)'U
<)(((:"7**((($)((($&1)'((()%"1((("$#&%*((0%>1G%7*U
S((+)%:(%&0%$1#$7*/(.6)%&(B":51G:(-&*2&/(T)3G%2)J.&(%&1,".(3)(((#*:1$'*&1$(((2&(((6&(((9":)'(((:$%3)')*U
S((C):&#(((>*(((.*4)1*W(((9"#95%&(((C"1:$(((%&0%31&=5:"1U
S(((<&((21$3)V(.5((>$3(3)(:"$:5(4'"$:$W(0%:1&$95((;$13&'"%$/($4*:$:/(61*%(.:$7*$(1$2*"U(+)%:($:G:(2&(#)'7*(0%3G:/(2$35(
?*J$1(6)%&(#*%:&$/($1(6):&$((')$(:$%3)1*'&(('$((.6*%$1&(?*($1(6'&3$(3)(&'&D
S((+5(%&(65.:15#(3$'#)'/("12"%5(;5:1G%)'/(0%$*%:&(2&(:"$:&/(:1&9)*&(.5J*(7*%&#(3G:(#$*(2&6$1:&(2&(,&B*3)'&D(H(
.*%4)15(#*%5(#$4%&:*35/(((?*(((%&J$)((>53):(((>&')'U
S((!$B$7*(0#6)7*7*D((@)%"$*&D((#"1#5*&(&%&1,$:(-&*2&/('&=$:(0%("%"$1&$(.$(2&(."'2$:/(0%(I%*)%&$(+",*&:*35/(&(3$=(
2&(0%$':5(:152$1&(((2$35(((:&(((61&2$*D
S(((F$/(.&(6$1&(35(*%2*,*=**(5?:*$(%J$)($33&6:$:()%$(2*%:1&(3&'&(#$*(((0%.&#%$:&(((0%2$:"1*1*((($'&(((."'2$:)')*U(
A"$1:&$(((6&%:1)(Z$:&1'$%2(&.:&(%"9*'5(?*(0%5'75:"$1&/(1G%T&?:&(C"1:$(9$:T"3"1*:"1U
S((LC')*,!,)!+,*3('0!,./!4(3!4-/($-!03($>\!5!3*:&$=5((-&*2&(.&#&7U
I%$(2*%(0%,&3B*:&'&(P1G?%*7&_(1).&?:*(6'$%&$=5('$(#*35(2*.:$%75(2&$.)61$(."'2$7*'"1(3$1&(.J$)(61&2$:U(m9"$15($:G:(
2&($61"$6&(0%3G:(.&(,&2&(6*'":)'(>53G%2)J'&(.&#%&($#&%*%75:"$1&(3)(6)#%)'U(\6"*($,*"%)'(.&(0%$'75/(#*3?"1G%2)J
.&(:1&6:$:l(0%(3)1G%2($T)%4&(2&(2*#&%.*)%&$()%&*(*%.&3:&U(<G:&,$(#*%):&(#$*(:G1=*)/(2*.:*%4&#()%()1)*:(0%2&651:$:/(
2)65(3$1&("(.$',5(2&("9)=&(&X6'"2&$=5(0%(#*T'"3)'(#)'7*#**(2&("$#&%*/($1)%3G%2("(9)%5(6$1:&(2*%:1&(&*(0%($6&'&(
1G)')*U
I%(41)6(2&(:$%3)1*(fQJO(?*(YJdN(:1&3&(61U*%('$%)1*'&(2&(>'"$1&$J."$1&')*(0%(>"1#$7*&(2&.>5?)1$:5(0%(P,G1>(2&('$%3&VU(
A*:1$'*&1&'&('"1(.3)*65(1$>$'&(')%4*(2&(4'"$%7&(0%(#)'7*#&$(2&("$#&%*U(Y)%)1*'&(9)9)*&U(F*%(65#G%:(7G?%&.3(
>'5351*U(C'")5/(6)1(?*(.*#6')/(3)(9)357*(.>G1:&3$:&(2&(:1)6)1*()#$%&U
S((-$*(.5J*(2*.:1)4&#("2$:5(6&(%&#&1%*3**(5?:*$/(1$4&(>)1*".(C"1:$U(((!$B$7*(((:*35'"?*D
S((C'):"%)'(OD(Y"$:&(,&B*3)'&'&U(]"3(2&(,"*&D("12"%5($.61)(;5:1G%)'U
S((H9)=(6&1>"1$%:/(3"#$%2(&)/(?*(3)'$:$(.&(0%3B*2&U(H9)=)'('",&?:&(((3&'(((#$*((($61"6*$:(((fQJO/(((.>51G#G%2)J*(
:)1&'$U
S(((?g%35!!!03-(/,5!G!<$%3"""5!!!>1&2"%&$=5(((8&4*"%$1)'(((0%(((.:$7*$(1$2*"U
[(LU./,!+')*,!!.$!=('03.!.7!03($!4,%/('!4-/($,>!j0%(((*9U(('$:Uk(S((,&1.(2***(PH2&'&_(((E)*(((-"1$7*)((T%5/"V"
G!H!!!!!"!!!!!!"!!!H!!!!!!!!V(((J000000000000OeL
I%(C$%=&1Jd(&X6'"2&$=5(0%(#**(2&(9)357*U(F")5(C$%=&1JN($)($3&&$?*(."$1:5U(<"#$%2$%7**(:$%3)1*'"1(YJdN(.)%:(
2&.:)'(2&(*%.6*1$7*(.5J.*(3"%3&%:1&=&(>"3)'($.)61$(:$%3)1*'"1()?"$1&/(3$1&(.)%:(,)'%&1$9*'&(2&('$("(2*.:$%75(#$*(
#$1&U
I%(>)#(2&%.(?*(0%&353*".(65:1)%2&(0%(:$%3)'(%".:1)U(+)%:&#($3"6&1*7*(3)(:":)'(2&(>)%*%4*%&l(2"$1(2*%7**(.*("3B**(%)(
%*(.J$)(0%%&41*:U
F*%(3&(0%(3&(#$*(#)':&(:$%3)1*(:1&3(61*%:1&("$#&%**(3)61*%?*(2&(6$%*35/(.:1*,*%2)J*(6&()%**(.)9(?&%*'&U(!5=9"*)'(.J$(
:1$%.>"1#$:(0%:1J"("14*&($6"3$'*6:*35(?*("#&%*1&$($(35=):(61$25()%&*(>$1.&U(A)%*7*$(&X6'"2&$=5(0%(,&B*3)'&'&(
$1=G%2&l(:)1&'&(41&'&(2&(=&3*(2&(:"%&(.)%:($1)%3$:&(0%($&1(?*(3$2(6&(65#G%:(3)()%(=4"#":(,*"'&%:U
\,*"$%&(9'*%2$:&($6$1(6&(3&1(?*($1)%35(1$3B&:&($.)61$(:$%3)1*'"1(3&(2$%.&$=5(.$1$9$%2$(#"17**/(T"./(6&(65#G%:/(0%(
)1#$($,*"$%&'"1(9'*%2$:&(,*%($,*"$%&'&(2&(,G%5:"$1&(AcJLL{(?*(Ö\fJ)1*'&U(;"#9$12*&1&'&(0%(6*3$T(?*($,*"$%&'&(
9'*%2$:&(2*.6$1(4159*:&U(A)':&(2*%:1&(&'&(%)(1&)?&.3(.5(.3$6&(?*(.&(6159)?&.3/(&X6'"2G%2(61*%:1&(:$%3)1*U
0%(.3)1:(:*#6/(:"7*(3&*(3$1&(.&($2)%$.&15(0%(T)1)'(Y*4&1)')*($)(>".:(61&.3B*#9$7*(0%:1J"(#$.5(2*>"1#5(?*(0%.G%4&1$:5/(
.:G'3*7*(2&("9)=&(?*(2&(?&%*'&'&(:$%3)1*'"1U
h
S(Y)1&'$((("1$(((:1&*U(((YJdND((("12"%5(((0%3&:(((;5:1G%)'U
!":&.3(>)'4&15:"1(:)1&'$(?*(*$)('*%*$(2&("3B*1&(6&(YJdNU(Z52('*#6&2&(3)#("9)=)'(65:1)%2&(0%:1J)%$(2*%('$:)1*/(2$1/(
.61&()*#*1&$(%"$.:15/(#"%.:1)'(0?*(3"%:*%)5(21)#)'(3$(?*(3)#(%*#*3(%)(.J$1(>*(0%:G#6'$:U
S((Y)%(0%3513$:U(@$:$/(.6)%&(#$?*%$'(A*3)7)'/($,G%2(2&T$(61&45:*:((()1#5:"1)'((("9)=((6&1>"1$(%(:((3)((,G1>)'(
%&41)U((H7&')'(.&(3*"3%&?:&(((2&(((("7&'U((((m5%45%&(((?*((((:1".%&?:&U((((])#)'(((.&(((0%$'75(0#61&T)1)'(%".:1)/(*$1(
*%:&1*"1)'(:$%3)')*(2&,*%&()%($2&,51$:(*$2U
I%($':("9)=('",&?:&(YJdNJ)'U(H('*#95(')%45(2&(>'5351*(.&(0%$'75(2*%(:)1&'5U(Y1&*(2*%(3&*(6$:1)(#&#91*($*(&3B*6$T)')*(
.$1(2&(6&(:$%3(?*(.&($256".:&.3(0%(.6$:&'&(')*U(I%*>"1#$()%)*$(2*%:1&(&*($12&U
-&*2&(:1*#*:&("(1$>$'5(')%45(2&(:1$."$1&/(2$1(:*1)'(&.:&(61&$(.3)1:/(0%3&6(.5($'&14&/(?*(4'"$%7&'&(#)?35(65#G%:)'(0%(
.6$:&'&('"1U
S(((0%3&:&$=5/(((*=9)3%&?:&(((,*"'&%:(((;5:1G%)'U((+5(((%)((>*#(((#$*()3*4$?*(((2&3G:(((:1&9)*&D
]'5351*(.G%4&1**(.&(*,&.3(2*%(:1$6&'&(YJdNJ)')*(?*()%(>)#(%&41)/(0%&353*".U(.&(1*2*35(.61&(3&1)'(.&%*%U(C1*,*#(
0%41"=*7*(3)#(6"1%&?:&(2*%(%")(?*(.&(0%21&$6:5(.61&(%"*()1)*%2U(3)("(,*:&=5(2*%(3&(*%(3&(#$*(#$1&U
!5.)3&.3(:)1&'$(61*%(3"#$%25(#$%)$'5(?*(:1*#*:(:1&*("9)=&
91*=$%:&((35:1&((:$%3)'((3$1&((.&($61"6*&/(2$1(>515((.5JL((%*#&1&.3U
S((<1&:*%)'(5'$(.J$(.5:)1$:(2&(,*$75W(=9*$15(C"1:$/(>"17G%2(3&*(?$6:&(.):&(2&(3$*(6):&1&($*(#":"1)')*(6G%5('$()':*#$(
>51G#5(2&(&%&14*&/($.:>&'(0%3G:(Y*4&1)'(6$1&(.5(3$91&=&/(?*(.$':5(6&(?&%*'&U(<)()%()1'&:/(C"1:$(0'(0%21&$6:5(.61&(YJdN/(
6&%:1)($(.&(3*"3%*(3)(&'U
S((+:"6D(((.:1*45((;5:1G%)'U(((\*(((')$:J"(((1$=%$((?*((:)W
S((Z&=*J7*(2&(:1&$95/(#G1G*&(C"1:$/(3$()%(')6(:)19$:U(\.:$(&("(3B&.:*&(2&("14"'*)(0%:1&()%(3"%2)3:"1(2&(:$%3(
4&1#$%(?*()%)'(1).U((<"9"$15(?*(#&14*(6&(T".(2$35(7*J&(>1*35U(H(.5J*($1$*(&)(B$%2*3$6$:)')*((2&(()%2&J?*((')$(((A"*.&(
9&1&$D
K*3*"2$:5(%J$#(')$:('*%*$(2&("3B*1&($:G:(2&(1&6&2&U(H9)=)'(7G?%&?:&(2*%(7&$,$(:)%)')*(3)(:1&*(#**(3*%3*(.):&(2&(
#&:1*(6&(.&3)%25(?*($:*%4&(#$14*%&$(:)1&'&*(YJdNJ)')*U(+3G%:&*(?*(.3B*T&(2&("7&'(=9"$15(3$(%*?:&(,*&.6*(0%:51G:$:&/(
2$1("9)=)'(6&1>"1$#(2&(ee(##(1*3"?&$=5(,&1:*3$'U(<$("()1*$?5(#*%4&(2&(,G',5:5*/(YJdNJ)'(3"%:*%)5(.$(.&(0%21&6:&(
.61&(%"*U
S((c(%&9)%/(153%&?:&(-&*2&/(4B&#)*%2)J.&(.)9(.:$7*$(1$2*"/(.$)((&((3B*$1((2*$,"')'((0%((6&1."$%5D
<)()%(:1".%&:(,*"'&%:/(YJdNJ)'(%&(*=9&?:&(:$%3)'/(0%(3G:&,$(3'*6&/(%&(:1&=*#(0%,5')*7*(0%:1J"(6&12&$(2&(>'5351*(?*(>)#(
2&%./
%&41)U
S((0%$6"*D((0%$6"*D(()1'5(H9&1'&):%$%:((8"R&(0%('$1*%4">"%U
G!\7*((0%%&9)%*:W
C&%:1)("(3'*65/(6$1&(35(95:5'*$(.J$("61*:(.5()1#51&$.35(3"%>1)%:$1&$(2&#&%:5(2*%:1&(3"%2)3:"1)'(>$%$:*3($'(:$%3)')*(
1).&.3/(3)61*%.(2&(>'5351*/(?*(3&'($'(:$%3)')*(%".:1)U(\,&#(.&%=$7*$(35(:"7*(3&*(3&(.&($>'5(6&(3G#6)'(2&(')6:5(0?*(7*%(
15.)>'$1&$U(A)%*7*$(YJdNJ)')*(6"$:&(&X6'"2$(0%("1*3&(.&3)%2$/(2&='5%7)*%2("(1&$37*&(0%('$%7(2&(61"6"17**(
3$:$.:1">$'&U
C"1:$(0%3&$135(.5(.#)'45(Y*4&1)'(2*%(0%3'&?:$1&$(#"1:$'5($(:$%3)')*(*%$#*3/(2$1($3&.:$(6$1&(0%'5%7)*:(2&(%"*U(K&(
)1#51&?:&U
S((+J"(?:&14&#(0%$*%:&(.5J*(&X6'"2&=&(#)%*7*$(?*(#":"1*%$/(.:1*45((-&*2&((:&1"1*=$:/((2&.3B*=G%2((:1$6$U
S((0%3B*2&7*(((:1$6&'&D((("12"%5(((:5*".(((;5:1G%)'U(((K*#&%*(((%)(6515.&?:&((9"12)'((>515(("12*%)'((#&)U
S((<&(((21$3)V(((.&(((0%:G#6'5W(((0%:1&$95(((61&"3)6$:(((A*3)7)'/('*6*%2)J?*(("3B**((2&(,*="1U
S((A$*(:$35J7*(>'&$%3$D(1G%T&?:&(C"1:$U(+)%:&#(4$:$(.5(>$3&#("(35'5:"1*&('$(3&1)1*/(0#61&)%5(3)()%)'(2*%(:*35'"?**(
,&3*%)')*U
K&(0%&$35(>)#)'(?*(.)%:&#(3)61*%?*(2&($33&.&(,*"'&%:&(2&(:).&U(<5'2)1$(&(*%.)6"1:$9*'5U(]'5351*'&($1)%35(61*%(
>$%:&'&(2&("9.&1,$7*&("(')#*%5(3&(6G'6G*&(>$%:"#$:*3U
C"1:$(0%T)15($#$1%*3/(0%3&13G%2(3)(2*.6&1$1&(.5(15.)3&$.35(Y*4&1)'U
Oed
+)%:&#(0%.5(0%3'&?:$7*(>515(.356$1&U(A&:$')'(3"%:"1.*"%$:(4&#&(?*(3&2&$=5U
S((Y1*#*:&J'&("(9"$95/(6&%:1)(%)#&'&(')*(F)#%&=&)/(=9*$15(C"1:$((>)1*".U((\1)%35JL((2&(6&((>$7$(65#G%:)')*(6&(
*2*":)'(5'$(3"#)%*.:D
S((K)(6":/(9G*4)*J&)/('$(3$65:)'(159251**U(!$B$:)'(5.:$(2&(:)%(((:1$4&((6&((2&$.)61$((('"1D
S((0%3&$135((?*J$?$D(((1$4&((C"1:$U(((`"3)'((?*((.)>')'((LJ$1(6):&$(:&1#*%$((6&(($,"1:"%)'((5.:$U
S((H9)=(P+_D("12"%5(;5:1G%)'U(]'$351$(2&('$(4)1$(7&,**($1(:1&9)*((.GJ*(($125(((B$*%&'&((2&#&%:)')*((2&((3"'"U
C1"*&3:*')'(7G?%&?:&(2*%(4)1$(7&,**(3)()%(=4"#":($.)1=*:"1/(3$1&(%)(6$1&(:":)?*(.5JL(*#61&.*"%&=&(6&(3"%2)3:"1)'(
.*%)3*4$?(2*%(YJdNU(+&(0%35657G%&$=5(.5(>"17&=&(:$%3)'(3)61*%.(2&(>'5351*U
8*#9*'&((2&((>"3((#)?35((Y*4&1)'U
S(\.:$((4G%2&?:&((3)(3)1)'D(((=9*$15((C"1:$((3G%2(,&2&(9)1:$(*#&%.)')*(YJdN(0%5'7G%2)J.&(0%(>$7$(>$%:&*(2&(
"9.&1,$7*&U(K)(.&(6"$:&((.5JL(((')5#((3)((%"*U
S((F1$3&/(0#*(.>51G#5(:)%)'/()1')(0%41"=*:/(0%(:*#6(3&(4)1$(:)%)')*(((&(((=21"9*:5(((3)((()%(((=4"#":(((2&(((#&:$'(
3"%:"1.*"%$:U
S((+J$(:&1#*%$:(?*(3)(:)%)'/(.6)%&(C"1:$/($65.G%2(6&2$'$(2&($33&'&1$7*&((3)(($:G:$((>"175((0%3G:((#":"1)'((0%3&6&((.5(
:)?&$.35U
Y*4&1)'(%5,5'&?:&($:G:(2&(>*"1"./(0%3G:(YJdNJ)'(9$:&(0%(1&:1$4&1&U(K&(31"*#(21)#(0%$*%:&(?*(0%$6"*U(C$135($1(&X6'"2$(
0%.)?*(65#G%:)'U(H(6&12&$(2&(>'5351*(%&($3"6&15/(*$1(.)>')'(%&(.#)'4&(:":($&1)'(2*%(6'5#G%*U(<$9')1*'&/(1$2*")'/(
:"$:&(*%.:1)#&%:&'&/(#)%*7*$(%&(=9"$15(6&(2&$.)61$(3$6)')*U(I'&*)'(?*(9&%=*%$(.&(1&,$1.5(3)(*)7&$'5(2*%(
1&3*6*&%:&'&(.6$1:&U(Y":)'($1$:5(3$(?*(3)#($1(>*(:1&3):(6&($3"'"(=&3&(2*$,"'*(2&='5%7)*7*U
+)%:(0%7&6&%*:(0%:1&(.3$)%)'(3"%2)3:"1)')*(?*(0%3B*=5:"1)'(:)%)')*U(A*3)7)'(#5(&'*9&1&$=5(3)("(1$%45U(m$3(6&(
6"2&$/(4G:)*:(2&(.6$*#5/(0%(:*#6(3&(*%*#$(0%3&$135(.5J#*(.$15(2*%(6*&6:U(;5:1G%)'(0#*($1)%35()%(&X:*%3:"1/(
0%3&6&#(:"7*(3*%3*(.5(0#615?:*&#(.6)#$(6&.:&(>'5351*'&(3&(,$'.&$=5(3$J(%*?:&(>)'4&1&(0%(*%:&1*"1)'(:$%3)')*U
S((0%$6"*D((("12"%5((;5:1G%)'U
S((\2*35/(($>$15(?*(6)%&7*(()#51)'/((15.6)%2&(C"1:$('$3"%*3U(A":"1)'(((&((.>51G#$:U
S((<&J*((3)((1$2*")'W((0%:1&$95((;5:1G%)'U
S((c(((75%251*/(((#"1#5*&(((9".)#>'$:(((-&*2&U
S((8$(21$3)VD((0%T)15((;5:1G%)'U((C"7*(.5(6)*((6)7*%(('$(6)%3:(#":"1)'(((5'$(((3$(((.5(((%&(((:G1G#(((0%$6"*W
S((F&(3&(%)/(15.6)%2&(C"1:$(0%>)#)1$:/(2$1/(0%(3"%>"1#*:$:&(3)((!&4)'$#&%:)'(\1#$:&*/(%)J#*(&(6&1#*.D(
!&6$1$7**'&(3$6*:$'&('$((:$%3)1*'&(Y*4&1(:1&9)*&(&>&3:)$:&(%)#$*(2&(35:1&(6&1."%$')'
Dd+

/
**
:&B%*3(($'(($1#$:&*D
S((K)((6):&#((15#G%&(($*3*/((*=9)3%&?:&((;5:1G%)'U
S((K)/(((=5)W(((c(((2&.:)'5((('*%*?:&((?*(($3)#((:"7*((,$#6*1**((5*$(%&%"1"3*7*($)(:)'*:J"(0%($':5(6$1:&(.5(#)?:&(
9&1&457*/(1G%T&?:&(A*3)7)'/((61*,*%2((0%(T)1)'((.5)((3)(()%(($&1(.$:*.>53):U
S((]**((($:&%:/((((C"1:$/(((.6)%&(((;5:1G%)'/(((0%3&13G%2(((.5(((>*&(2*6'"#$:U(C"7*(.5(1&6$1*(#":"1)'/(2$35(,1&*U(K)J*(
.:1*3$:(3B*$1($?$(2&(15)U(K"*("(.5(:&($T):5#(?*J7*(,"#(2$(:":(3&($*(%&,"*&(3$(.5(1&.:$9*'&?:*(((1$B$:)'((5.:$U
S((c)(%)(#5($9$:(2&('$(!&4)'$#&%:)'(\1#$:&*/(.6)%&(C"1:$(3)(0%35657G%$1&/($6)3G%2(6$1:&$(.$(2*%:1J)%(3$1%$:(
3$1&(3*13)'5(2*%(#G%5J%(#G%5U(K)(#*J&(6&1#*.(2&3G:(.5(.3B*#9(9)T**'&(?*()'&*)'U(<G:(2&.61&(3*'*%21)/(p".&6B(
C"1:$/(H9&14&>1&*:&1(61*%(#*'$(')*(F)#%&=&)/(%)(.&(,$($:*%4&(2&(&'U(H1*3&(:*6(3)(.3$)%('$(3$6($1
>$3&(('$((>&'U
S((F$1(&(*%:&1=*.(.5('$?*(:$%3)'($*3*D(=9*$15(;5:1G%)'(2*.6&1$:U
S((\:)%3*($1)%35JL(0%($&1/(.)4&1&$=5(C"1:$U(F"$1(6&%:1)($.:$(%*((.&((6)%&((0%35135:)15((&X6'"=*9*'5((0%((:)1&'5[U
S((`:**($'(21$3)')*(2&(9*%&/(.&(15.:&?:&(;5:1G%)'/(1"?)(3$()%(3)13$%/(35(,&B*3)')'(%)(6"$:&(>*(2*.:1).(2&3G:(2$35(&(
3"#6'&:(.:1*3$:((?*((%)((#$*((6"$:&((>*((2).((0%$6"*U
C"1:$(.&(0%:*%2&(3G:(&(2&(')%4(?*J?*($61*%2&("(7*4$15/(>515(.5(7*%5(3"%:(2&(6&1*3"')'()%)*(*%3&%2*)(2*%(61*3*%$(
#":"1*%&*(3&
95':&?:&((6&.:&((:":U
S((Y1&=*7*J#5(3G%2($6$1&()%((1&#"13B&1(3$1&(.5(%&(6"$:5
351$U
S((0%3B*2&(6'*.3)'/(.:1*45(>)1*".(A*3)7)'U(-$*2&7*(.5(,&2&#(3&($1&((#":"1)'U(((Y"$:5((')#&$(($>$15D
C"1:$((.&((6'*#95((>515((41*T5((61*%((:$%3/((3G%:G%2((2"#"'h
I.!&,2/!!-)),.!!<3($$A,(!,.!&,2/!!-)),.!!<3(A,$"""
C)7*%(#$*(:G1=*)/(.&(')%4&?:&(6&(*$195/($'5:)1*(2&(;5:1G%)'U
S((<1&2(35(T)#5:$:&(2*%(?&%*'5($($T)%.('$(A".3",$(6G%5($3)#U(F")5(2*%(3&'&(6$:1)(1"7*($)(=9)1$:('$(21$3)V/(*$1(
:)%)'(.&('&$45%5((3$(()%((#52)'$1((9'&4U
S((C&(:"7*(21$3**/(0%T)15(;5:1G%)'(3)(.&:&U(F$35(2*.:1)4&#(:$%3)'/(("((.5((>*#((2)?*((0%(>$7$(<)17**((A$17*$'&U((I%)'(
2*%(,"*(:1&9)*&((.5((6'&3&((2)65(()%((,&B*3)'((2&((.$',$1&U
[(F*.6"=*:*,(2&(.*4)1$%7$(3)(3$1$3:&1*.:*3*(:&B%*3&(.&31&:&(6&%:1)($):"2*.:1)4&1&$(,&B*3)'&'"1/(&,*:G%2)J.&($.:>&'(3$($3&.:&$(.5(3$25(0%(
#G%$(*%$#*3)')*(T%"/"V"
Oev
S((\#(&)("(*2&&/(3":3"253&?:&(A*3)7)'/(1*2*3G%2(#G%$U(K*3*(3B*$1()%(6.*B"6$:((:*35'".(%)(.J$1(>*(4G%2*:('$(3&,$(
#$*(9)%D
S((+>G%:5(K5.35:"$1&/(.).6*%5(C"1:$U(Y)(?*(*2&*'&(:$'&D(A&1&)(%&(($'&4&#((3)((6*&'&$((:5953*:5((2*%((3$)=5(('"1U
S((+J$)=*#/("12"%5(;5:1G%)'/(2"1%*3(.5($33&6:&("1*3&(6'$%/("1*3G:(((2&((%&9)%&.3/((%)#$*(((.5(((.3565#((2*%(
'"3)1*'&(($.:&$U
S((\3"'"/(2)65(.:&T$1**(5*$(0%$'7*/(&X6'*35(A*3)7)'/(&("(1$9'5(2&(:$%3(YJdNqevU(YG#6*7**(2*%5)%:1)(.)%:(#"17*(2&(
>1*35(?*(:1$4(3)("3B*)'(61*%(>$%:$(2&("9.&1,$7*&(3$(%*?:&(?&>*(2&(:1*9(*%2*$%(6&(3G#6)'(2&(')6:5U(<&J$1(>*(.5(25#("(
>)45(?*(.5('&(61"6)%&#(.5(%&($1)%3&(:$%3)'(0%($&1W(F)65(3&("(.5(>*&(:&1#*%$:(3"#6'&:/(%*#&%*(%)((,$((#$*((6):&$(
61&:*%2&((35((LJ$#((($9$%2"%$:U
S((K*3*((%)((,1&$)(.5((#5((4G%2&.3('$($?$(3&,$/(61":&.:&$=5(-&*2&(?"3$:U(\.:$($1(>*(3&'(#$*(#$1&($3:(2&(.$9":$TU(
Z&*(6'5:*(3)(3$6)'/(((A*3)7)'&U(((c?:*((3"#6'&:((31&:*%D
S((p)'*)./(3&'(61".:(3$("(9$'&45D(>$3&(A*3)7)'(9$:T"3"1*:"1U(F$35(])B1&1)'(:5)($1&(:":($:G:$(4)%"*(0%(3$6(3$(?*(:*%&/(
$:)%3*(%&(0%21&6:5#(.61&(3&$(#$*(#$1&(0%>1G%4&1&(2*%(*.:"1*$(')#**D
S((K)(&(3B*$1($?$(:G#6*:5(*2&&$/(>$3&(;5:1G%)'(0%4G%2)1$:/(61*,*%2(3)#(2*%(YJdN(.&(*7&?:&(6&(#$14*%&$(:)1&'&*()%(
3$6(3)("(3$.35(((2*%((6*&'&U
S((K)(((:1&9)*&((2&3G:((.5((>G'>G*((.:&$4)'(($'9/(.6)%&(VA*3)7)'("6:*#*.:/(3$(.5('&(*%:1&(9*%&(0%(:G1:G3)75(35(%)(,1&#(
2&3G:(.5
i(.:5#((6)7*%((2&((,"195((3)((&*U
S((0%(4&%&1$'/(6$1&("(%&9)%*&/(.6)%&(;5:1G%)'/(2$1(&(:":)?*("(?$%.5U((\*$((6$:1)(,"1(61*#*("(#&2$'*&(6&%:1)(
2*.:1)4&1&$()%)*(Y*4&1/(*$1(%"*(.3565#(2&(<)1:&$(A$17*$'5U(F$1(2&(3&(21$3)V(%J$)(:1$.((0%(((%"*((6G%5((($3)#W
S((C5*(&('*#6&2&/(1G%T&?:&('$14(C"1:$U(8&J$)(2*.651):(?&%*'&'&/(&X$3:(((3$(((?*(((%")5U(((K)((.&((6":((#*?3$U(((`*(((%*3*(
:)%)1*'&((%"$.:1&(.:1*3$:&(%)('&(6":(,&2&$(2*%(3":'"%)'('"1U(F$35(%)(%&(%*#&1&.3(3)(61*#)'("9)=U('&(&(:&$#5(35("(.5J
*(>$3&#(>51G#&(0%$*%:&(2&($(.&(((.3516*%$(((0%(((>)%2U
S((8$(((21$3)V(((3)(((:"$:&((($.:&$D(((3&2&$=5(((;5:1G%)'U(((-$*(((.5(0%3&13$#D
A*3)7)'(>'):)15(6'*%(2&(&%:)=*$.#(.:&$4)'($'9U(0%(.3)1:(:*#6/(2*%(((:1$6$((:)1&'&*(((YJdNJ)')*((.&((*,&?:&((0%3&:(()%(($':(
.:&$4(($'9U
S((]*1J$?($'(%$*9**D(.:1*45(;5:1G%)'()*#*:U(Z"1(.5(.&(T"$3&(3)(%"*D
S((A5(.*#:(6&%*9*'/(3$()%(3G*%&(2&(T*2$%(3$1&(#*1"$.&()%($1$9(0%(3)1/(61":&.:&$=5(-&*2&(3)("9*25U(K)(:1&9)*&(.5(
.:$*(2&(,"195((3)((I%:&1#&%.3B&%**U((Y1&9)*&(.5J*((2*.:1)4*U((\?$(($(.6).
3B*$1((])B1&1)'U
S((F)J:&(?*(9"3&?:&(2)65()1*(3"6$3/(0'(6",57)*&?:&(A*3)7)'(3)(2*.61&7/((>'):)1G%2((?*(((#$*((&%:)=*$.:((.:&$4)'(($'9U
S((F$7*(0%3"$3&(3&J$(#$*(15#$.(2*%(3"%*$3(?*(2*%(3G1%$7*/(61&:*%2&(C"1:$/(61$3:*3U(H(.5(#5(2)3(.5('&(6)%(3):*$(.)9(
%$.U(<"%:*%)5(.5((>'):)1*(.:&$4)'/((A*3)7)'&U(((`*((>515(61".:**/(p)'*).D
C"1:$(6"1%&?:&(3)(3"%*$3)'(?*(3$1%$7**(*$(.)9.)"$15(0%.61&(:$%3)'(YJdN(,&12&/($.3)%.(6&(T)#5:$:&(0%:1&(.:&T$1*U
I%(.&14&%:(0%$':(?*(.'$9/(3)("(9$195(#$1&/(1"?*&/(.$1&(2*%(YJdN(?*(.&($61"6*&(61&3$):(2&(C"1:$U
+"$1&'&(.3'*6&?:&(6&('&%:*'&'&(9*%"3')')*(0%21&6:$:(35:1&(%"*(?*(:1*#*:&(0%$6"*('*351*1*'&(61"61**'"1(%"$.:1&(9*%"3')1*(
$7*%:*:&(.61&(YJdNU(C"1:$(?*(1"?3",$%)'(.&(0%:G'%&.3('$(T)#5:$:&$(21)#)')*U(c=*:G%2/(0?*(2$)(#G%$(3)(.).6*3*)%&(
1&7*%):5U(C"1:$(0*(">&15(.:*3'$(2&(3"%*$3(?*(:$*&("(9)3$:5(2&(3G1%$:U(+&14&%:)'(.3"$:&(2*%(9)=)%$1("J(.:*3'5(2&(,"235U(
]$3(.3B*#9(2&(.:*3'&U(F)65(3G:&,$(0%4B*7*:)1*(.:1$?%*3&/($T)%4(.5(.&(0#9157*?&=&(?*(.5(.&(6)6&(6&("91$T*U(F)65(3&(
#$*(:1$4(3G:&J"(2)?35(2*%V.:*3'&/(.&(0%21&$6:5(.61&(%"*/(1G=G%2(3)(6">:5U
S(((C$3&$(((($((((2&,&%*:((($3)#((((1&$'*:$:&/((((1G%T&?:&(((A*3)7)'(:1*)#>5:"1U(((A5((2"$1&((0%((3)1(2&((.6)1353*)%&$(
$.:$((2&((15=9"*(#"%2*$'D
S((+&14&%:(((@1*4"1**(((C"'&?$*&,/(((2*%(((;1*4$2$(((;'*%2$:5(((2&(@$125/(0'(61&=*%:5(C"1:$(3)()%(4&.:('$14/(>53G%2)JL(
$61"$6&(.5(.&(6159)?&$.35/(0'(.$'):5#(1&7*%)7*(6&(.&14&%:)'(3)(>$,"1*7*(.:)>"?*(?*("3B*(((%&41*/(((3$1&((($1$:5(((3$(
21$3)'((0%(((6&1."$%5U
C"1:$(0*(&X6'*35(#"2)'(2&(>)%37*"%$1&($(:$%3)')*/(>515(.5J*($.3)%25(%*#*3U(Y":)'(&(,&1*>*3$:U(!).)'(3)(0%>57*?$1&(2&(
.5'9$:*3(0?*($1$:5($2#*1$7*$(>57*?5(6&%:1)(&3B*6$#&%:)'(%".:1)(?*($2#*:&(35J*(6$1&(15)(35(%&#7**(%)(U(.)%:(1)?*U
S(((<)("(#$?*%51*&(3$($.:$/(%"*($#(>*($T)%.(6G%5($3)#(?*('$(C$1*./(((?*(_'$(((8"%21$/(((2&3'$15(((&'U
0%(.3)1:(:*#6/(%*(.&($'5:)15(?*(3&*'$'7*(:1&*(#&#91*($*(&3B*6$T)')*(2*%(YJdNUVK&($?&=5#(6&(#*1*?:&$($1.5/(0#6517*#(:":(
3&($,&#(7w*(,"19*#(2&.61&(,1&#)1*'&(2&(6$3&(?*(2&.61&(>&#&*U(C"1:$('&(&X6'*35(3)#($1(:1&9)*(61&6$1$:5("#'&:$(3)(
3$,*$1(?*(.:1*2**'&(3)(?$#6$%*&U
EJ$#(6515.*:(0%(="1**(=*'&*/(2)65(3&($#()1#51*:(2*%($256".:)'(:$%3)')*(YJdN(3)#($(>".:(2*.:1).(Y*4&1)'U
8J$)(356:)?*:(3)(3*%3*(61"*&3:*'&(6G%5(.5(*$(>"3U(\6"*/(*J$#
U((((((V0000000000000/0000000000000000000000000000000000000000000000000000000Oen
$T):$:(((.5(((1&6$1&(((?&%*'&'&(((.:1*3$:&((($'&(((:$%3)')*((('"1U
LC-.=$+-%$-P>5!%&(.:1*45(&*(0%(:*#6(3&(2*.651&#(61*%:1&(3"6$3*U(<G%2(%&($>)%25#(0%(652)1&/($)=*#(154&:)'(
#":"1)')*(H::"U(m4"#":)'(')*(.&(.:*%4&(:1&6:$:(0%(2&651:$1&U
S(+5(.6&15#(35(%)(,"1(2$(6&.:&(,1&"($15:$1&(2&(%&$#7(3$1&(.5('&(45)1&$.35(>)%2)'/(.6)%&(C"1:$U
K&($?&=5#(6&()%(:1)%3B*(2&(3"6$3(?*(61*,*#(,*.5:"1*(6&.:&(0%:*%2&1&$('$3)')*U(-&*2&(&(#"1"35%".(?*(1&>)=5(.5(
,"19&$.35(3)(%"*U
#1$MH)R1GS
TCCG85/)C/$FCI5IC''C)*H'H8$/18'0)$UVW
P$X2)5H)8C$81M01@H1G/F8'2
&C/$X/8$MH10IMH52$@)CIM2
/$MC'H8$GC*/'$G08'C/$)2QF08$X01G8/'

45,&"6(++,7"%YZ#"[Y\$
]%YABY^\_#%PT
S("6&1&(3"#6'&:&/(&2*7*&(2&(')X(S
3`WW$GC$K/a818$K'81C$GC$/MJ8H1C9$:80'C1529$/GC:2)9
M/IC52$MH$+b$585'H)8$c1$`$:0'HXC
.08($E
m,&$'%,-!A),./,0-B$)3(5!s)$%+-/,),!03(B$$5!R-0-(-:$!+,!=(3%/
.08($EE(s-/-)$3%!+,!0-(;5!W,./-435!F3%/,!R-..$%3
.08($###$m$*2$+-B$!J-($.')5!W,%,(-)!##5!h04,($')!h-+')'$
Z"*U(1,
F3-(/,!;$!<$.*3)5!C('0!.@%&,(3.!*7/(,!03-(/,5!R'(/,-!F-(B$-)7
Z"*U(Z(V(8%*2$.3-(,-!E"W"J"!o"5!R30$.-(')
Y1$2)3&1*(1&,5=):&(?*()%*>*3$:&/
3)()%(9"4$:($6$1$:(31*:*3(?*(4'".$1(2&(:&1#&%*(#*'*:$1*
C1&>$75(2&(C$,&'(C"6&.3)
0%.31*&1*(?*(3"#&%=*('$(<UCU(Oo(S(de(;)3)1&?:*

Vous aimerez peut-être aussi