# $ % &

( '

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

!"#$%&'()*(!+',-'./0
12.2-'+'.3(%4(5'&#23,#/
6'#78,'$

"$-&.,#&/!)$&0(#$)!.#$!/'11'23!4'!/'11'2!,5.,
.6'(,!78!'9!.::!/5&:-#$2!;&::!5.%$!.!)$&0(#$!6<!,5$!,&1$
,5$<=#$!>?!<$.#)!':-3!@9!.2<!'9!<'(!5.%$!6$$2!A.#$2,)
'9!.!/5&:-!;5'!)(--$2:<!),.#,)!)$&0&2BC!<'(=::!D2';
&2,&1.,$:<!5';!,$##&9<&2B!&,!/.2!6$3

E5&:$!1'),!'9!,5$!D&-)!;5'!A#$)$2,!,'!,5$!FG!;&,5!.
)$&0(#$!;&::!$2-!(A!6$&2B!-&.B2')$-!;&,5!.!6$2&B2
)&1A:$!9$6#&:$!)$&0(#$C!)'1$!D&-)!;&::!)(H$#!9#'1
/'1A:$+!9$6#&:$!)$&0(#$)C!#$I(&#&2B!)'1$!1'#$
,5'(B5,C!;'#DJ(A!.2-!1.2.B$1$2,C!;5&:$!',5$#)!;&::
5.%$!.9$6#&:$!)$&0(#$)!;5&/5!.#$!.!;5':$!',5$#!D$,,:$
'9!K)53!E$!2$$-!,'!D2';!5';!,'!-&H$#$2,&.,$!,5$)$
$2,&,&$)C!5';!,'!;'#DJ,5$1!(A!.2-!5';!,'!1.2.B$
,5$1!&2!,5$!FG3!L,!,5$!',5$#!$2-!'9!,5$!)A$/,#(1!'9
-&)$.)$!,5$#$!&)!),.,()!$A&:$A,&/()!M!.!,#($!$1$#B$2/<
;&,5!.!)/.#<!1'#,.:&,<!#.,$!M!;5$#$!<'(!2$$-!,'!./,
9.),!.2-!D2';!<'(#!.:B'#&,51)!:&D$!,5$!6./D!'9!<'(#
5.2-3!N5&)!,'A&/!;.)!/5')$2!6.)$-!'2!.!2.,&'2J;&-$
2$$-)!.))$))1$2,!),(-<!/'2-(/,$-!6<!NOFPP
QN#.2):.,&2B!F1$#B$2/<!P2';:$-B$!9'#!P&-)RC!.
/'::.6'#.,'#!;&,5!FS!T.)$)3

E&,5!,5$!5$:A!'9!,;'!'9!T.2.-.=)!"$-&.,#&/!F1$#B$2/<
S$-&/&2$!)$&0(#$!$+A$#,)!5.2-!A&/D$-!6<!NOFPPC!!"#
$%&"'()'*+,)-'"!.2-!!"#*.(/'01*2,3"1/,%(%3,4C
;$=::!B&%$!<'(!,5$!.::!,5$!,'':)!<'(!2$$-!,'!.AA#'./5
,5$!/5&:-!;5'!A#$)$2,)!,'!,5$!FG!;&,5!)$&0(#$!;&,5!,5$
(,1'),!/'2K-$2/$3

00:00 00:00

"'-/.),U!":.<!&2!2$;!;&2-';!V!G';2:'.-!QG(#.,&'2U
>UW?UXY!Z!?W3[S\R

4(6)/#&6$U!O44

!"#$$%&'()**+",'+&-'./01'203$'4"%2+"%-'.,'5#67+%/
8#/#+&9'%-#$%-'.,':&$0&';%/*+&9'<0='>?@A

B#$%'$7#3'20-6+3$'+3C'!"#$%&'()'(*"+&,-"./.+"0'(1'
2%34./'(15(64%&-%/#7(*./.-%4%/8(,9(:%;".8&"#
<%"=>&%05(64%&-%/#7(*%;"#"/%(?.0%05(@,A%4B%&'
CDEF5($88G0HII%4%&-%/#74%;"#"/%#.0%05#,4I%4%&-%/#7J
4./.-%K;".8&"#J0%"=>&%0I5(1##%00%;(L;.8%M5

!"#$%&'%()*")+,-)*.%/#0)1"2)3%!#)4-2#*
5*6%/#0)1"2)3%!#)4-2#%7)7)3*
S(/5!'9!,5$!-&),&2/,&'2!6$,;$$2!,#($!A$-&.,#&/
)$&0(#$)!.2-!1&1&/)!;&::!5&2B$!'2!$:$1$2,)!B.,5$#$-
9#'1!,5$!5&),'#<3!L)D!.6'(,!,5$!'2)$,C!-(#.,&'2C
2.,(#$!'9!,5$!1'%$1$2,)C!,'2B($!6&,&2BC!$<$!K2-&2B)
.2-!-$,.&:)!'9!,5$!#$/'%$#<!A5.)$3!L!5&),'#<!'9
&2/'2,&2$2/$!/.2!6$!5$:A9(:!&2!':-$#!/5&:-#$2!;5'!.#$
2'!:'2B$#!&2!-&.A$#)3!N5$!A#$)$2/$!'#!.6)$2/$!'9!.2
.(#.!;&::!'2:<!6$!5$:A9(:!&2!/5&:-#$2!;5'!.#$!.6:$!,'
A#'%&-$!.!/:$.#!.//'(2,!'9!,5$&#!$+A$#&$2/$3!\$!)(#$!,'
.)D!,5$!A.#$2,)!;5.,!,5$!$<$)C!2$/D!.2-!5$.-!;$#$
-'&2B!.,!,5$!,&1$!'9!,5$!)$&0(#$3!N5$!#$/'%$#<!A5.)$!&)
.:)'!&1A'#,.2,!)&2/$!.!#.A&-!#$,(#2!,'!2'#1.:!./,&%&,<
)A$.D)!.B.&2),!.!,#($!)$&0(#$3

F:$1$2,)!,5.,!.#$!5&B5:<!)(BB$),&%$!'9!,#($!)$&0(#$
./,&%&,<!&2/:(-$U

>3! ].,$#.:&0$-!,'2B($J6&,&2B!Q5&B5!)A$/&K/&,<R
X3! ^:&/D$#&2B!$<$J:&-)
_3! G&:.,$-!A(A&:)!;&,5!6:.2D!),.#$
Y3! ]&A!)1./D&2B
73! @2/#$.)$-!5$.#,!#.,$!.2-!6:''-!A#$))(#$!-(#&2B
$%$2,
?3! "'),J&/,.:!A5.)$

!,45,(/6,4-,(/*7"'%5-8-109,(/*4:'004*;"1<
='9,%5",)*>',?6"'

\#$.,5!5':-&2B!)A$::)!.#$!1'),!/'11'2!&2!,5$!?J
>[1'2,5!.B$!#.2B$3!`2$!'9!,5$!D$<!-&H$#$2,&.,&2B
9./,'#)!&)!,5.,!,5$#$!&)!()(.::<!.!/:$.#!,#&BB$#!9'#!.
6#$.,5!5':-&2B!)A$::)!)(/5!.)!$1',&'2.:!-&),#$))!'#
A.&2C!;5$#$.)!)$&0(#$)!,<A&/.::<!-'!2',!5.%$!)(/5
A#$/&A&,.2,)3!N5&)!A.,,$#2!'9!.2!&2&,&.,&2B!,#&BB$#C
9'::';$-!6<!$1',&'2.:!(A)$,C!/#<&2BC!A.::'#C!.2-
'//.)&'2.::<!]`T!&)!5&B5:<!)(BB$),&%$!'9!.!6#$.,5
5':-&2B!)A$::3!N5$!6#$.,5!5':-&2B!.2-!]`T!/.2!:$.-!,'
6#&$9!)$&0(#$!./,&%&,<!B&%$2!,5$!-$/#$.)$!/$#$6#.:
6:''-Ja';3!b';$%$#C!,5$!#$/'%$#<!9#'1!.!6#$.,5J
5':-&2B!)A$::!&)!#.A&-!.2-!/'1A:$,$!;&,5'(,!.!A'),J
&/,.:!A5.)$3

!,45,(/6,4-,(/*=4'6918>',?6"'4*;"1<*@"6'*>',?6"'

N5$)$!,$2-!,'!6$!)$$2!&2!,5$!.-':$)/$2,!A'A(:.,&'2
)&2/$!<'(2B$#!/5&:-#$2!/.22',!9$&B2!)$&0(#$!./,&%&,<
9'#!)$/'2-.#<!B.&23!^$.,(#$)!,5.,!-&),&2B(&)5!,5$)$
$%$2,)!9#'1!,#($!)$&0(#$)!&2/:(-$!)&-$J,'!)&-$!5$.-C
.#1!'#!:$B!1'%$1$2,)!;&,5!$<$)!/:')$-3!@9!,5$!$<$)
.#$!'A$2C!,5$!$<$!1'%$1$2,)!.#$!2'#1.:!.)!'AA')$-
,'!-$%&.,$-3!L!6&/</:&2B!1'%$1$2,!'9!,5$!:$B)!&)!5&B5:<
)(BB$),&%$!'9!A)$(-'J)$&0(#$3

!,45,(/6,4-,(/*>A()1:'*;"1<*>',?6"'

4<2/'A.:!$A&)'-$)!1.<!'#!1.<!2',!5.%$!.!/:$.#
A#$/&A&,.2,!6(,!,5$!]`T!.:;.<)!A#$/$-$)!.2<
A$#/$&%$-!)$&0(#$!./,&%&,<3!`6)$#%$#)!1.<!2',$!)'1$
6#&$9!,;&,/5&2B!$A&)'-$)!.)!'AA')$-!,'!,#($!,'2&/J
/:'2&/!1'%$1$2,)3!N5$!#$/'%$#<!9#'1!.!)<2/'A.:
$A&)'-$!&)!#.A&-!.2-!/'1A:$,$3

!"#$%8'%()*")+,-)*.%!)7$9#%5*6%:;7$9#<
=#>2)9#%!#)4-2#
`2/$!<'(!5.%$!$),.6:&)5$-!,5.,!,5$!/5&:-!-&-!&2!9./,
5.%$!,#($!)$&0(#$!./,&%&,<!&2!,5$!/'2,$+,!'9!.!9$%$#C!,5$
2$+,!),$A!&)!,'!/:$.#:<!-$K2$!;5$,5$#!&,!K,)!,5$!A.,,$#2
'9!.!)&1A:$!'#!.!/'1A:$+!9$6#&:$!)$&0(#$3!L!-&.B2')&)!'9
/'1A:$+!9$6#&:$!)$&0(#$)!&)!1.-$!&9!,5$#$!&)!.2<
-$%&.,&'2!9#'1!,5$!/#&,$#&.!'9!.!)&1A:$!9$6#&:$!)$&0(#$3
N5&)!-&),&2/,&'2!&)!&1A'#,.2,!6$/.()$!/'1A:$+
)$&0(#$)!1.<!&2-&/.,$!.!1'#$!)$#&'()!-&)$.)$!A#'/$))
.2-!()(.::<!#$I(&#$!.!;'#DJ(A3

'

(#*2/%'D%."#/%'3%#E)"%3'$%&-'$0
066)"'%+"/,'#&'$7%'#//&%33'F#$7#&
>G7"3'0D'0&3%$'0D'D%=%"'H

#D'$7%'3%#E)"%'066)"3'I>G7"3'+D$%"
$7%'0&3%$'0D'D%=%"9'$7%'3)32#6#0&'D0"
+'.+6$%"#+/'6+)3%'0D'$7%'D%=%"

+&-'+'2+$70/01#6'6+)3%'D0"'$7%
3%#E)"%'370)/-'.%'7%#17$%&%-J

'

?.)3.%/1")#+"*%@)".%=#>2)9#%!#)4-2#*
A#B-)2#%1%?;2CD-$E
@9!,5$!/5&:-!1$$,)!,5$!/#&,$#&.!9'#!.!)&1A:$!9$6#&:$
)$&0(#$'(/,(;%;"#.8%;(0%"=>&%(N,&+>G("0(&%O>"&%;!.2-
<'(!$%.:(.,$!,5$!A.,&$2,!.)!&9!,5$<!)':$:<!5.-!.!9$%$#3!@,
&)!/:$.#!&2!,5$!:&,$#.,(#$!,5.,!/5&:-#$2!;5'!5.%$
)(H$#$-!.!)&1A:$!9$6#&:$!)$&0(#$!.#$!.,!/,(-&%.8%&(&"0+
9,&(0%&",>0(B.#8%&".3("/9%#8",/!,5.2!.B$J1.,/5$-
/'2,#':)!;5'!5.%$!2',!)$&0$-3!L!/5&:-!;5'!K,)!,5$
/#&,$#&.!9'#!.!)&1A:$!9$6#&:$!)$&0(#$!)5'(:-!6$!;'#D$-
(A!.)!&9!,5$<!A#$)$2,$-!;&,5!9$%$#!.2-!2'!)$&0(#$3
4,(-&$)!5.%$!)5';2!,5.,!1$.)(#$1$2,!'9!)$#(1
$:$/,#':<,$)!'#!B:(/')$!&2!A.#,&/(:.#!5.)!2'!#':$!&2!,5$
;'#D(A!'9!)&1A:$!9$6#&:$!)$&0(#$)3!L!;'#D(A!6$<'2-!.
6.)&/!9$6#&:$!;'#D(A!)5'(:-!6$!/'2)&-$#$-!&9!,5$!/5&:-
.AA$.#)!(2;$::!'#!1$$,)!.2<!'9!,5$!/#&,$#&.!'9!.
/'1A:$+!9$6#&:$!)$&0(#$3

`(#!$+A$#,)!#$/'11$2-!,5$!N,&+>G(,9(#,4G3%P(9%B&"3%
0%"=>&%0!,'!6$!.!08%G(N"0%(.GG&,.#$C!D$$A&2B!&2!1&2-
,5.,!,5$!<'(2B$#!,5$!/5&:-!,5$!1'#$!.BB#$))&%$!,5$
;'#DJ(A!)5'(:-!6$3
T5&:-#$2!;5'!#$,(#2!,'
6.)$:&2$!.9,$#!.!/'1A:$+
)$&0(#$!.2-!.,!2'!A'&2,
-&)A:.<$-!.2<!9'/.:!2$(#':'B&/!)<1A,'1)!()(.::<!-'
2',!#$I(&#$!.2!$+,$2)&%$!;'#DJ(A3!F%$2!,5'(B5
),(-&$)!5.%$!)5';2!,5.,!9$6#&:$!)$&0(#$)!-'!2',
&2/#$.)$!,5$!#&)D!'9!)$#&'()!6./,$#&.:!&29$/,&'2
/'1A.#$-!,'!9$%$#!.:'2$C!1$2&2B&,&)!)5'(:-!.:;.<)!6$
'2!,5$!-&H$#$2,&.:!-&.B2')&)!&2!.!/5&:-!;&,5!/'1A:$+
9$6#&:$!)$&0(#$)3!L6'(,!X7!8!'9!/5&:-#$2!;&,5
1$2&2B&,&)!;&::!A#$)$2,!;&,5!.!2$;!'2)$,!9$6#&:$
)$&0(#$C!5';$%$#!,5$<!;&::!.:1'),!.:;.<)!-&)A:.<
A$#)&),$2,!1$2,.:!),.,()!.62'#1.:&,&$)!.:'2B!;&,5
',5$#!)&B2)!'9!1$2&2B&,&)!)(/5!.)!2(/5.:!#&B&-&,<C!9'/.:
)&$0(#$)!.2-!A$,$/5&.3

((QG;.8%(CDERH(L!#$,#')A$/,&%$!),(-<!&2/:(-&2B

'%$#!X[CWWW!A.,&$2,)!Q.B$)!WJ7R!;&,5!/'1A:$+!9$6#&:$
)$&0(#$)!)5';$-!.!%$#<!:';!&2/&-$2/$!'9!T*4
&29$/,&'2)C!)(BB$),&2B!:(16.#!A(2/,(#$)!.#$!:';J<&$:-
&2!,5&)!A'A(:.,&'23!T.(,&'2!;.)!;.##.2,$-!&2!,5')$
;5'!.#$!(2%.//&2.,$-C!A#$J,#$.,$-!;&,5!.2,&J6&',&/)!'#
5.-!)()A&/&'()!)<1A,'1)c)&B2)!'9!T*4!&29$/,&'23
L6),#./,

:;-+*#9)+,%/12#+"*%1>;-"%/#0)1"2)13
!#)4-2#*
(+D%$,!M!A:./$!,5$!/5&:-!&2!,5$!#$/'%$#<!A')&,&'2!.2-
-'!2',!A:./$!.2<,5&2B!&2!,5$!/5&:-!1'(,5

K#3L'0D'"%6)""%&6%!&)!.AA#'+&1.,$:<!__8!'%$#.::!;&,5!.
$"-$%&!#&)D!&2!/5&:-#$2

,$1A$#.,(#$!d!YW3WeT!.,!K#),!/'2%(:)&'2
9.1&:<!5&),'#<!'9!9$6#&:$!)$&0(#$)

@9!,5$<!5.%$!.::!Y!'9!,5$!9./,'#)C!,5$&#!#&)D!'9!#$/(##$2/$
&)!fW83!@9!,5$<!-'2=,!1$$,!.2<!/#&,$#&.C!,5$&#!#&)D!9.::)!,'
XW83

K#3L'0D'M2#/%23,!&)!.AA#'+&1.,$:<!X8!.9,$#!.!)&1A:$
9$6#&:$!)$&0(#$!.2-!7!8!.9,$#!.!/'1A:$+!9$6#&:$!)$&0(#$
Q/'1A.#$-!,'!>8!&2!,5$!B$2$#.:!A'A(:.,&'2R

4+"%&$3'F#//'0D$%&'./+*%
$7%*3%/=%3'D0"'&0$'$"%+$#&1'$7%
3%#E)"%'+22"02"#+$%/,'0"'N)#6L/,
%&0)17'$0'2"%=%&$'$7%'3%#E)"%J'O$'#3
#*20"$+&$'$0'%-)6+$%'$7%*'$7+$'$7%
7%#17$'0D'$7%'D%=%"'0"'"+2#-#$,'0D
0&3%$'-0%3'&0$'2"%-#6$'"#3L'0D
3)P%"#&1'+'3%#E)"%'+&-'$7+$
2"027,/+6$#6'+&$#2,"%$#63'-0'&0$
-%6"%+3%'$7%'"+$%'0D'3%#E)"%
"%6)""%&6%J

F;+DG#>2)9#%/#0)1"2)3%!#)4-2#*
N5$!-&H$#$2,&.:!-&.B2')&)!'9!2'2J9$6#&:$!A$-&.,#&/
)$&0(#$)!&)!$+,$2)&%$C!$2/'1A.))&2B!1$,.6':&/
-$#.2B$1$2,)!,'!1.))!:$)&'2)!,'!2'2J.//&-$2,.:
,#.(1.3

BA:1(%5"'<,%*4')1(9%"A*51*1C'"89,065,1(*1;*,(;%(5
;1"<60%

`2$!A.#,&/(:.#!-&.B2')&)!,5.,!&)!'2$!'9!,5$!1'#$
/'11'2!/.()$)!'9!2'2J9$6#&:$!)$&0(#$!&2!/5&:-#$2
(2-$#!?1'2,5)!'9!.B$!.2-!,5.,!&)!#$:.,&%$:<!$.)<!,'
A&/D!(A!,5()!.%'&-&2B!.2!$+,$2)&%$!&2%.)&%$!;'#DJ(A!&)
$7G,/.8&%4".(0%#,/;.&7(8,(9,&4>3.(,A%&J;"3>8",/3!@2!.
A.A$#!9#'1!,5$!L22.:)!'9!FSC!5<A'2.,#$1&.!;.)!,5$
/.()$!'9!)$&0(#$)!&2!fW8!'9!Yf!&29.2,)!<'(2B$#!,5.2!?
1'2,5)!;5'!:./D$-!',5$#!K2-&2B)!)(BB$),&2B!.!/.()$3
N5$<!9'(2-!,5.,!.!,$1A$#.,(#$!'9!_?37eT!'#!:$))!.)!,5$
6$),!A#$-&/,'#!'9!5<A'2.,#$1&/!)$&0(#$)3

@9!.!A$-&.,#&/!A.,&$2,!;&,5!5<A'2.,#$1&.!.)!.!/.()$!9'#
,5$&#!)$&0(#$)!)$&0$)!&2!,5$!FGC!,5$<!)5'(:-!6$!,#$.,$-
;&,5!_//cDB!'9!5<A$#,'2&/!Q_8R!2'#1.:!).:&2$3

/.H*)319%I<17)+1");+%/#129*%G;2%F;+D
G#>2)9#%/#0)1"2)3%!#)4-2#*
]''D&2B!9'#!,5$!9'::';&2B!)&B2)!/.2!5$:A!&2!,5$!;'#D(A
'9!.!2'2J9$6#&:$!)$&0(#$U

(L#&!]''D!9'#!:$)&'2)!)(/5!.)!/.9$!.(!:.&,!)A',)
Q2$(#'K6#'1.,')&)RC!.-$2'1.!)$6./$(1!'#!.)5!:$.9
)A',)!Q,(6$#'()!)/:$#')&)RC!.2-!A'#,!;&2$!),.&2)
Q4,(#B$JE$6$#!)<2-#'1$R3!g2$+A:.&2$-!6#(&)&2B
)5'(:-!#.&)$!,5$!)()A&/&'2!'9!.!6:$$-&2B!-&)'#-$#!'#
/5&:-!.6()$3

;%+-!F+.1&2$!9'#!6(:B&2B!9'2,.2$::$C!1&/#'/$A5.:<C
-<)1'#A5&/!9$.,(#$)C!)&B2)!'9!,#.(1.C!A#$)$2/$!'9!.
h"!)5(2,3

M,%3!F+.1&2$!9'#!A.A&::$-$1.!.2-!#$,&2.:
5$1'##5.B$)

<%6L!F+.1&2$!9'#!)&B2)!'9!1$2&2B$.:!&##&,.,&'23

;%2+$032/%&0*%1+/,!S.<!&2-&/.,$!.!1$,.6':&/!'#
B:</'B$2!),'#.B$!-&)$.)$3

S/(G.8"%/80(N$,($.A%(/,(";%/8"T.B3%
&"0+(9.#8,&0'(./(.##>&.8%(./;(8$,&,>-$
$"08,&7(./;(G$70"#.3(%P.4"/.8",/

$.A%(B%%/(0$,N/(8,(7"%3;(4,&%
;".-/,08"#("/9,&4.8",/(8$./(.
3.B,&.8,&7(%A.3>.8",/5

?;2CD-$%;G%F;+DG#>2)9#%/#0)1"2)3
!#)4-2#*
].6!,$),)!1.<!2',!6$!2$/$)).#<!&2!.!/5&:-!;5'!&)!.:$#,
.2-!5.)!#$,(#2$-!,'!.!6.)$:&2$!:$%$:!'9!9(2/,&'2!.2-
)5'(:-!6$!6.)$-!'2!/:&2&/.:!)()A&/&'23

T'2)&-$#!'#-$#&2B!:.6'#.,'#<!),(-&$)!'2!A$-&.,#&/
A.,&$2,)!;5'U

>3! b.%$!A#':'2B$-!)$&0(#$)C
X3! d!?!1'2,5)!'9!.B$!Q)A$/&K/.::<!9'#
5<A'2.,#$1&.R
_3! b&),'#<!'9!-&.6$,$)C!1$,.6':&/!-&)'#-$#C
-$5<-#.,&'2C!'#!$+/$))!9#$$!;.,$#!&2,.D$
Y3! L:,$#$-!]`T

!QG;.8%(CDEFH!4,(-<!K2-)!,5.,!.B$!d!XC!K#),!,&1$

)$&0(#$!.2-!)$&0(#$!&2!,5$!FG!.#$!/5.#./,$#&),&/)!;5&/5
)5';!.!,#$2-!,';.#-)!&2/#$.)$-!<&$:-!'9!6:''-!;'#D
.2-!TN!5$.-3!.D45"%)5

?.1"%)*%".#%2;9#%;G%1%:J%.#10%)+%".#
@;2C%-$%;G%+;+DG#>2)9#%$#0)1"2)3
*#)4-2#*E
^'#!2'2J9$6#&:$!)$&0(#$)C!$1$#B$2,!2$(#'&1.B&2B!&)
2',!2$/$)).#<!&2!/5&:-#$2!;5'!5.%$!)(H$#$-!,5$&#!K#),
2'2J9$6#&:$!)$&0(#$!.2-!5.%$!#$,(#2$-!,'!,5$&#
6.)$:&2$3

2"-$(&"0+(9.#8,&0(,/($"08,&7(,9(G$70"#.3(%P.4(8$.8(0$,>3;
G&,4G8(#,/0";%&.8",/(,9(/%>&,"4.-"/-("/#3>;%H

>3! ^'/.:!)$&0(#$!'#!A$#)&),$2,!)$&0(#$!./,&%&,<
X3! ^'/.:!2$(#':'B&/!-$K/&,
_3! h"!)5(2,
Y3! *$(#'/(,.2$'()!-&)'#-$#
73! 4&B2)!'9!$:$%.,$-!@T"!.2-!5&),'#<!'9!,#.(1.!'#
,#.%$:!,'!.2!.#$.!$2-$1&/!9'#!/<),&/$#/')&)3
?3! ".,&$2,)!;5'!5.%$!&11(2'/'1A#'1&)&2B
-&)$.)$)!Q1.:&B2.2/<!'#!b@hRC
f3! b<A$#/'.B(:.6:$!),.,$)!Q)&/D:$!/$::!-&)$.)$RC!'#
6:$$-&2B!-&)'#-$#)

()*$;*)");+%;G%/1")#+"*%@)".%F;+D
G#>2)9#%/#0)1"2)3%!#)4-2#*
Q#3203#$#0&'0D'&0&RD%."#/%'3%#E)"%3'-%2%&-3'0&'+1%9
3%"#+/'27,3#6+/'%S+*#&+$#0&39'#&#$#+/'F0"LR)2'+&-
D0//0FR)2'6+2+.#/#$#%3

T&-%"'U*0&$73'0D'+1%!M!B$2$#.::<!#$I(&#$!.!9(::
;'#D(A!.2-!.#$!()(.::<!.-1&,,$-!9'#!'6)$#%.,&'23

U'*0&$73'+&-'>',%+"3'0D
+1%!M!-&)A')&,&'2!;&::
-$A$2-!'2!6:''-!;'#DC
#$.))$))1$2,!.2-!,5$!.6&:&,<!,'!5.%$!/:')$!9'::';J(A3

V=%"'>',%+"3'0D'+1%!M!,5')$!;5'!5.%$!#$,(#2$-!,'
6.)$:&2$C!5.%$!.!2'#1.:!2$(#':'B&/.:!$+.1!;&,5
2'#1.:!;'#D(A!.#$!'9,$2!).9$!,'!6$!-&)/5.#B$-!,'
/:')$!'(,A.,&$2,!9'::';J(A3!`,5$#;&)$C!.-1&,3

".#$2,)!)5'(:-!6$!&29'#1$-!,5.,!.AA#'+&1.,$:<!7W8
'9!/5&:-#$2!;5'!5.%$!.!2'2J9$6#&:$!)$&0(#$!;&::!5.%$!.
#$/(##$2/$3

!"1"-*%I$)9#$")3-*%)+%I7#2,#+3H
K1+1,#7#+"%;G%/#0)1"2)3%!#)4-2#*
4,.,()!FA&:$A,&/()!Q4FR!;.)!5&),'#&/.::<!-$K2$-!.)!.2<
)$&0(#$!./,&%&,<!:.),&2B!:'2B$#!,5.2!_W1&2)C!6(,!,5&)
5.)!/5.2B$-!&2!#$/$2,!<$.#)3!i&%$2!,5.,!;$!),#&%$!,'
,$#1&2.,$!)$&0(#$!./,&%&,<!:'2B!6$9'#$!_W1&2C!4F!&)
2';!1'#$!/'2)$#%.,&%$:<!-$K2$-!.)!.U

>3! 4$&0(#$!:.),&2B!j!7!1&2(,$)C!U!
X3! T'2)$/(,&%$!)$&0(#$)!;&,5'(,!.!#$,(#2!,'
6.)$:&2$!&2!6$,;$$2

E5$2!<'(!.#$!9./$-!;&,5!.!)$&0&2B!/5&:-C!,5$!A#&'#&,&$)
.#$!,5$!).1$!.)!;&,5!.2<!#$)()/&,.,&'2U!L\T)3!4,.#,!6<
$%.:(.,&2B!,5$!.&#;.<!.2-!A#'%&-$!)(AA:$1$2,.:
'+<B$2C!,5$2!$),.6:&)5!/.#-&./!1'2&,'#&2B3!N5$!2$+,
),$A)!;&::!9'/()!'2!,$#1&2.,&2B!,5$!)$&0(#$!.2-!,5$
B'.:!&)!,'!,$#1&2.,$!.::!)$&0(#$!./,&%&,<!;&,5&2!?W
)$/'2-)3

:-*#&#3$"+$#0&'0D'M:KWX
.%&E0-#+E%2#&%3'#3'+'2"#0"#$,Y

@2!.2!./,&%$:<!)$&0&2B!/5&:-C!@h!.2-!@`!.//$))!1.<!6$
-&k/(:,!.2-!,&1$J/'2)(1&2B3!^'#!<'(#!K#),!-')$!'9
6$20'-&.0$A&2$)C!/'2)&-$#!$&,5$#!&2,#.2.).:C!6(//.:C
&2,#.1()/(:.#!'#!#$/,.:!-')&2B!'9!,5$!9'::';&2B
1$-&/.,&'2)U

Z7%'670#6%'0D'.%&E0-#+E%2#&%'+&-
$7%'670#6%'0D'"0)$%'#3'&0$'$7%'*+[0"
-%$%"*#&+&$'0D'%\6+6,J

K+$7%"9'$7%'*03$'#*20"$+&$
-%$%"*#&+&$'0D'.%&E0-#+E%2#&%
%\6+6,'#&'3$022#&1'3%#E)"%3'#3

$#*%'$0'+-*#&#3$"+$#0&J

N5$#$!5.%$!6$$2!1.2<!),(-&$)!$%.:(.,&2B!,5$
-&H$#$2,!6$20'-&.0$A&2$)!.2-!#'(,$)!'9
.-1&2&),#.,&'23!^'#!$+.1A:$C!&2!.!A#$J5')A&,.:!)$,,&2BC
&2,#.1()/(:.#!1&-.0':.1!;.)!)5';2!,'!6$!.)
$H$/,&%$!.,!,$#1&2.,&2B!)$&0(#$)!.)!&2,#.%$2'()
:'#.0$A.13!@2!.2',5$#!#.2-'1&0$-!,#&.:C!6(//.:
1&-.0':.1!;.)!)(A$#&'#!,'!#$/,.:!-&.0$A.1!.,
),'AA&2B!)$&0(#$!./,&%&,<3

E:9%5'*FGHIU!N5&)!)<),$1.,&/!#$%&$;!'9!>>
),(-&$)!9'(2-!2'2J@h!6$20'-&.0$A&2$)!Q*@h\R
;$#$!.6:$!,'!6$!B&%$2!1'#$!I(&/D:<!,5.2!@h
6$20'-&.0$A&2$)!.2-!),'AA$-!)$&0(#$!./,&%&,<!j_
1&2(,$)!)''2$#3!*@h\!;$#$!B&%$2!6<!#$/,.:C!6(//.:C
&2,#.2.).:C!'#!@S!#'(,$3!L6),#./,

'B/#&#6+/'4%+"/C'V&6%',0)'7+=%
3$+"$%-'1#=#&1',0)"'+&$#%2#/%2$#6
*%-#6+$#0&3'3$+"$'-"+F#&1')2'$7%
&%S$'-03%'0D'*%-#6+$#0&'30'$7+$'#$'#3
"%+-,'$0'+-*#&#3$%"'#D'3%#E)"%
+6$#=#$,'60&$#&)%3'$0'2%"3#3$J

/#0)1"2)3%!"1"-*%I$)9#$")3-*%L9,;2)".7

!#3;+0%M)+#%L,#+"*%)+%!"1"-*
I$)9#$")3-*%N%/.#+H";)+%5*6
=;*$.#+H";)+
"5$2<,'&2!.2-!9')A5$2<,'&2!.#$!,5$!).1$!./,&%$
1$-&/.,&'23!N5$!-&H$#$2/$!6$,;$$2!,5$!,;'
A#$A.#.,&'2)!:&$)!&2!,5$!)&-$!$H$/,!A#'K:$!.2-!,5$
1.22$#!&2!;5&/5!&,!/.2!6$!.-1&2&),$#$-3!^'#!,5$)$
#$.)'2)!9,0G$%/78,"/("0(8$%(G&%9%&&%;(0%#,/;(3"/%(.-%/8
9,&(8&%.84%/8(,9(<65

"5$2<,'&2!.2-!9')A5$2<,'&2!.#$!:$))!$H$/,&%$!9'#!,5$
,#$.,1$2,!'9!)$&0(#$)!-($!,'!,'+&2)!'#!-#(B)!.2-!1.<
&2,$2)&9<!)$&0(#$)!/.()$-!6<!/'/.&2$C!',5$#!:'/.:
.2$),5$,&/)C!,5$'A5<::&2$C!'#!:&2-.2$3!@2!)(/5!/.)$)C!.2
.:,$#2.,&%$!)$/'2-J:&2$!-#(B!)(/5!.)!A5$2'6.#6&,.:!'#
%.:A#'.,$!)5'(:-!6$!()$-3

E:9%5'*FGHJK*N;'!1(:,&/$2,#$C!#.2-'1&0$-
/'2,#'::$-!,#&.:)!QF/]&"4F!.2-!T'24F"NR
&2%':%&2B!$1$#B$2/<!,#$.,1$2,!'9!A$-&.,#&/!/'2%(:)&%$
),.,()!$A&:$A,&/()!/'1A.#$-!)$/'2-!:&2$!.B$2,)
:$%$,&#./$,.1!,'!A5$2<,'&2C!.2-!)5';$-
:$%$,&#./$,.1!;.)!2',!)(A$#&'#!,'!A5$2<,'&23
L6),#./,JF/]@"4F!L6),#./,JT'24F"N

E:9%5'*FGHJK*L!)&2B:$!/$2,$#!;$::!-'2$!OTN
'(,!'9!4'(,5!L9#&/.!)5';$-!,5.,!A5$2'6.#6&,.:
),'A)!,;&/$!.)!1.2<!)$&0(#$)!.2-!./5&$%$)!.!2'2J
/'2%(:)&%$!),.,$!1'#$!,5.2!,;&/$!.)!9.),!.)!A5$2<,'&2
&2!/5&:-#$2!;&,5!),.,()!$A&:$A,&/()C!)(BB$),&2B!,5.,
.9,$#!6$20'-&.0$A&2$)C!A5$2'6.#6&,.:!&)!,5$!1'),
.AA#'A#&.,$!)$/'2-!:&2$!'A,&'2!&2!),.,()
$A&:$A,&/()3!L2*M6,)3*B,54*FF*=-'(1D%"D,5%0*,(
>5%564*L:,0':5,)64

A#G213";2H%!"1"-*%I$)9#$")3-*
@9C!-$)A&,$!.::!,5$!1$-&/.,&'2)!.2-!$H'#,)!-$)/#&6$-
.6'%$C!<'(#!A.,&$2,)!&)!),&::!)$&0&2BC!&2&,&.,$!/'2,&2('()
@h!&29()&'2)!'9U

>3! S&-.0':.1!Q>XW1/BcDBc5#!.2-!,&,#.,$!(A;.#-)R
X3! "$2,'6.#6&,.:
_3! "#'A'9':!Q/'2,#.&2-&/.,$-!;&,5!D$,'B$2&/!-&$,R
Y3! P$,.1&2$!J.!#$/$2,!)<),$1.,&/!#$%&$;!&2-&/.,$)!
?_378!/$)).,&'2!#.,$)!&2!)$&0(#$)!&2!A$-&.,#&/
#$9#./,'#<!),.,()!$A&:$A,&/()C!5';$%$#!'(#
$+A$#,)!-'!2',!#$/'11$2-!&,!.)!.!K#),!:&2$
.B$2,!&2!,5&)!)$,,&2B

]0"'*0"%'M5'B+3%3'60&$%&$'0&'4%-#+$"#6'M*%"1%&6#%3
67%6L'0)$'0)"'D"%%'#&$%"+6$#=%'%^00L9

M5'B+3%3'Q#1%3$'_0/J'>'4%-#+$"#6'M*%"1%&6#%3!-'"'3

V,&(4,&%(:%;".8&"#(6*(3%.&/"/-(A"0"8(,/%(,9(6*(?.0%0
#,33.B,&.8,&0($"%LLJ6+(W(X&./03.8"/-(64%&-%/#7
Y/,N3%;-%(9,&(Y";0(ZX!6YY[("0(.(-&,N"/-(/%8N,&+(,9
&%0%.&#$%&0'(#3"/"#"./0'($%.38$(#,/0>4%&0(./;(/.8",/.3
,&-./"=.8",/0(N$,(N./8(8,(.##%3%&.8%(8$%(0G%%;(.8(N$"#$
8$%(3.8%08(+/,N3%;-%("/(#$"3;&%/\0(%4%&-%/#7(#.&%("0(G>8
"/8,(G&.#8"#%("/(-%/%&.3(6]0(W(&>&.3'(&%4,8%(,&(>&B./5

!"#
$"%"&"'(")

".,$:!*C!O.1!GC!4;&-$#)D.!*C!S$;.)&2B5!]GC!*$;,'2
OEC!`H#&2B.!S3!^$6#&:$!)$&0(#$)3!\Sl3
XW>7m_7>U5YXYW3

\$#B!LNC!45&22.#!4C!G.#$9)D<!L4C!$,!.:3!"#$-&/,'#)!'9
#$/(##$2,!9$6#&:$!)$&0(#$)3!L!A#')A$/,&%$!/'5'#,!),(-<3
L#/5!"$-&.,#!L-':$)/!S$-3!>nnfm>7>QYRU_f>J[3

*$:)'2!P\C!F::$26$#B!lb3!"#$-&/,'#)!'9!$A&:$A)<!&2
/5&:-#$2!;5'!5.%$!$+A$#&$2/$-!9$6#&:$!)$&0(#$)3!*
F2B:!l!S$-3!>nf?mXn7Q>nRU>WXnJ__3

*$(#'-&.B2'),&/!$%.:(.,&'2!'9!,5$!/5&:-!;&,5!.!)&1A:$
9$6#&:$!)$&0(#$3!"$-&.,#&/)3!XW>>m>XfQXRU_[nJnY3!N600
=!N

^.##.#!bTC!T5.2-$!hNC!^&,0A.,#&/D!G^C!45$1.!4l3
b<A'2.,#$1&.!.)!,5$!/.()$!'9!)$&0(#$)!&2!&29.2,)U!.
#$,#')A$/,&%$!.2.:<)&)!'9!&2/&-$2/$C!)$%$#&,<C!.2-
/:&2&/.:!A#$-&/,'#)3!L22!F1$#B!S$-3!>nn7mX?Q>RUYXJ[3
N600*=!N*

E.#-$2!TOC!\#';2),$&2!GOC!G$:!6$//.#'!SL3
"#$-&/,'#)!'9!.62'#1.:!K2-&2B)!'9!/'1A(,$-
,'1'B#.A5<!'9!,5$!5$.-!&2!A$-&.,#&/!A.,&$2,)
A#$)$2,&2B!;&,5!)$&0(#$)3!L22!F1$#B!S$-3
>nnfmXnQYRU7>[JX_3

b&#,0!GC!\$#B!LC!\$,,&)!GC!$,!.:3!"#./,&/$!A.#.1$,$#U
,#$.,1$2,!'9!,5$!/5&:-!;&,5!.!K#),!(2A#'%'D$-!)$&0(#$U
O$A'#,!'9!,5$!o(.:&,<!4,.2-.#-)!4(6/'11&,,$$!'9!,5$
L1$#&/.2!L/.-$1<!'9!*$(#':'B<!.2-!,5$!"#./,&/$
T'11&,,$$!'9!,5$!T5&:-!*$(#':'B<!4'/&$,<3!*$(#':'B<3
XWW_m?WQXRU>??Jf73!N600*=!N

L:9'#-!F]C!E5$:$))!lEC!"5$:A)!4l3!N#$.,1$2,!'9
i$2$#.:&0$-!T'2%(:)&%$!4,.,()!FA&:$A,&/()!&2!"$-&.,#&/
".,&$2,)3!l!"$-&.,#!"5.#1./':!N5$#3!XW>7mXWQYRUX?WJ[n3

E$:/5!OGC!*&/5':.)!PC!G(#D.:)D&J1.(:-&2!h]C!$,!.:3
@2,#.1()/(:.#!1&-.0':.1!%$#)()!&2,#.%$2'()
:'#.0$A.1!9'#!,5$!A#$5')A&,.:!,#$.,1$2,!'9!),.,()
$A&:$A,&/()!&2!,5$!A$-&.,#&/!A'A(:.,&'23!FA&:$A)&.3
XW>7m7?QXRUX7YJ?X3

S/&2,<#$!lC!O'6$#,)'2!4C!*'##&)!FC!$,!.:3!4.9$,<!.2-
$k/./<!'9!6(//.:!1&-.0':.1!%$#)()!#$/,.:!-&.0$A.1
9'#!$1$#B$2/<!,#$.,1$2,!'9!)$&0(#$)!&2!/5&:-#$2U!.
#.2-'1&)$-!/'2,#'::$-!,#&.:3!].2/$,3
XWW7m_??QnY[>RUXW7J>W3

T5&2!O^C!*$%&::$!\iC!"$/D5.1!TC!E.-$!LC!\$-9'#-!bC
4/',,!OT3!N#$.,1$2,!'9!/'11(2&,<J'2)$,C!/5&:-5''-
/'2%(:)&%$!),.,()!$A&:$A,&/()U!.!A#')A$/,&%$C
A'A(:.,&'2J6.)$-!),(-<3!].2/$,!*$(#':3!XWW[mfQ[RU?n?J
fW_3

45$.#$#!"C!".#D!G3!4$&0(#$)!.2-!4,.,()!FA&:$A,&/()U
G&.B2')&)!.2-!S.2.B$1$2,!&2!,5$!F1$#B$2/<
G$A.#,1$2,3!F1$#B$2/<!S$-&/&2$!"#./,&/$3!XWW?m![
Q[R3!N600*=!N

p$&:$#!^L3!F.#:<!g)$!'9!,5$!*SGL!O$/$A,'#!L2,.B'2&),
P$,.1&2$!&2!O$9#./,'#<!.2-!4(A$##$9#./,'#<!4,.,()
FA&:$A,&/()3!T#&,!T.#$!O$)!"#./,3!XW>7mXW>7U[_>X?W3

*+,"&-.*/0"1-$")23&(")-2'-4"156+&5(-7"583&"

"$-&.,#&/!)$&0(#$!1&1&/)!'2!='9,%5",)*L2*21"4'04

S.2.B$1$2,!'9!.-(:,!),.,()!$A&:$A,&/()!'2!N,"45HGL2

]&5(2%34./'(]&5(*"+&,-"./.+"0(^(]&5(!"#$%&($.A%(/,
#,/_"#80(,9("/8%&%08(8,(;%#3.&%

]0"'*0"%'M5'B+3%3'60&$%&$'0&'4%-#+$"#6'M*%"1%&6#%3
67%6L'0)$'0)"'D"%%'#&$%"+6$#=%'%^00L9

M5'B+3%3'Q#1%3$'_0/J'>'4%-#+$"#6'M*%"1%&6#%3!-'"'3