!

"#$%&'(&)'*+%*+,
!
!"#$%&
'$()&*!#+&
,-./01)&2+&3&/(%
40"&10"2
,*50(&*(0*(6&*7&#2&"
8/("029-($0/

!
"#$%&'(!)!*!+,-.,'!/$(0'&.,1!2$3.43
5&&($4&
"6,7'(&
8($,396(:
+7'(7.';!69!+,-.,'!/$(0'&.,1!8$4&.43!$,<!=6;!8#'>!5"8!?5&&($4&@
"6,7'(&@!8($,396(:A
+,'*/.,B&'!+,-.,'!/$(0'&.,1!C'4('&

!
"#$%&'(!D!*!E'F3.&'3@!2-613@!$,<!CG+
E#>!H6B(!E'F3.&'!"$,I&!JB3&!2'!K66<LM&!=$3!&6!2'!K('$&N
E'F3.&'!O))*G/C
2-611.,1
8#'!/.--.6,*P6--$(!QB'3&.6,R!P6!M!S''<!$!2-61T
2-613.&'3
C'$(4#!G,1.,'!+%&.:.U$&.6,!?CG+A

!
"#$%&'(!V!*!C64.$-!/'<.$!/$(0'&.,1R!E#$&!H6B!S''<!&6!W,6;!2'96('
H6B!C&$(&
8#'!S$&B('!69!&#'!XB,*Y67.,1!2'$3&
E#>!C64.$-!/'<.$!/$(0'&.,1T!E#>!26&#'(T
C64.$-!/'<.$!/$(0'&.,1!8','&3
C64.$-!/'<.$!/$(0'&.,1!"#'40-.3&

E#.4#!8'4#,6-61.'3!$,<!S'&;6(03!P6!M!Z3'T

!
"#$%&'(![!*!X$4'F660!E.&#!V\\!/.--.6,!Z3'(3!$,<!K(6;.,1@!8#.3!K.$,&
"$,I&!2'!M1,6('<
E#>!26&#'(!;.&#!X$4'F660T
=6;!&6!Z3'!X$4'F660
X$4'F660!]$,.&>!Z^YC
X$4'F660!_(.7$4>!C'&&.,13
=6;!&6!2B.-<!H6B(!X$4'F660!X(.',<3#.%!2$3'
"('$&.,1!$!`X(.',<.,1a!_6-.4>
C#6B-<!H6B!"('$&'!$!X$,!_$1'!6(!$!K(6B%T
=6;!&6!_(6:6&'!H6B(!X$4'F660!_$1'
=6;!&6!"('$&'!$,!G7',&!6,!X$4'F660
W'>3!&6!_(6:6&.,1!H6B(!G7',&!6,!X$4'F660
5!"$B&.6,$(>!S6&'

!
"#$%&'(!b!*!8;.&&'(!8#'!X$3&'3&!K(6;.,1!C64.$-!/'<.$!C.&'
E#>!26&#'(!;.&#!8;.&&'(T
8;.&&'(!2$3.43
=6;!&6!/$0'!&#'!/63&!69!8;.&&'(
/B-&.%-'!8;.&&'(!5446B,&3

!
"#$%&'(!c!*!Y.,0'<-,!8#'!_-$4'!E#'('!_(69'33.6,$-3!K6
E#>!26&#'(!;.&#!Y.,0'<-,T
Y.,0'<-,!2$3.43

!
"#$%&'(!d!*!].<'6R!8#'!S'e&!X(6,&.'(
8#'!GfB.%:',&!H6B!S''<!&6!"('$&'!E'F!].<'63
E#$&!H6B!S''<!&6!W,6;!5F6B&!].<'6!G<.&.,1!C69&;$('
/>!^'46::',<$&.6,3!96(!C4('',!^'46(<.,1!C69&;$('
8#(''!C'4('&3!96(!/$0.,1!CB('!_'6%-'!E$&4#!H6B(!].<'63!9(6:
2'1.,,.,1!&6!G,<
E#$&!H6B!S''<!&6!W,6;!5F6B&!].<'6!C#$(.,1!C.&'3
8#'!_6;'(!69!].<'6!_6<4$3&.,1
8;6!69!&#'!/63&!YB4($&.7'!E$>3!&6!Z3'!E'F!].<'6

8#'!XB&B('!69!E'F!].<'6
E'F!].<'6!Y'7'-3!&#'!_-$>.,1!X.'-<!96(!&#'!Y.&&-'!KB>

!
"#$%&'(!g!*!"('$&.,1!$!C64.$-!/'<.$!_6-.4>!96(!H6B(!+(1$,.U$&.6,

!
"#$%&'(!O!*!5!X.,$-!E6(<!6,!C64.$-!/'<.$R!866-3!96(!5&&($4&.,1!G7',
/6('!2B3.,'33
M,&'1($&.,1!H6B(!C64.$-!/'<.$!G996(&3
=6;!&6!/'$3B('!H6B(!G996(&3
E($%*Z%

!
:9"/$/+*;9&%($0/%*#/2*,/%1&"%<*'#.$/+*;9&%($0/%*#/2*=$%6$/+*>9(
,/%1&"%*#/2*,2?$-&
@0-$#)*A&2$#*A#".&($/+*B#%&*@(92$&%<*7&+9)#"*40).%C*D"&#(*@(0"$&%
,E09(*(6&*,9(60"
B0FG"$+6(*!#+&

!"#$%&'()"!!"#$%#&$'($)'*+,-$.#/+,$.,01#2+&3
!"#$%&$'%()%*(+,-.%/$0,-%/-12$3,'4!"#$%&'()(#&!'*#!+,-.%/!%#'!($$#0&#1%!23+#4)51
0#+! +341"! 3)! 301(0#! -306#4&,'(30,1! $,4.#'(07! ,0"! &#46#&! ,&! ,! 74#,'! 24($#4! '3
50"#4&',0"! +*#4#! '3! ,113-,'#! %354! '($#/! $30#%/! ,0"! #0#47%8! 9! 74#,'! 4#,"! )34
#0'4#24#0#54&/!243)#&&(30,1&/!,0"!&$,11!:5&(0#&&8;

56789":98%;<=>?*@%9A3#(1%()%B-1$$1%C$'$4-0$

<=5(1"(07!30!,!&'4307!:,-.74350"!3)!#>2#4'!$,4.#'(07!,"6(-#/!?*,$,!*,&!,7,(0
243"5-#"!,!:3"%!3)!+34.!'*,'!(&!,'!30-#!-3$21#'#!,0"!24,-'(-,18!@*(&!(&!,!:33.!'*,'
%35! -,0! 4#,"! A5(-.1%! +*#0! %35B4#! )45&'4,'#"! :%! +*,'! &##$&! 1(.#! #0"1#&&
-30'4,"(-'(30&! 3)! &3-(,1! $#"(,/! ,0"! '*#0! 4#)#4#0-#"! ,7,(0! ,0"! ,7,(0! ,&! %35
"#6#132!%354!3+0!&#0&#!3)!21,-#!30!'*#!&3-(,1!+#:8!C'!(&/!,)'#4!,11/!A5('#!-344#-'1%
'('1#"!"#$%&$'%()%*(+,-.%/$0,-%/-12$3,'4D!C!*(7*1%!4#-3$$#0"!'*(&!:33.8;

5?9E=%=E98*@%*(+,-.%/$0,-%*31-3$4,F3@%-'0%9A3#(1%()%*(+,-.
/$0,-%/-12$3,'4G%9'%:(A1%-%?-H

<?*,$,!:4#,.&!"3+0!'*#!D+*%B!,0"!D*3+B!+('*!#,&%E'3E50"#4&',0"!#>,$21#&!'*,'
-,0!7#'!%35!30!'*#!4(7*'!'4,-.!($$#"(,'#1%888!,0"!51'($,'#1%!743+!%354!:5&(0#&&8;

567=%IJ><&&<@%B(K9A3#(1%()%L$3%B('3$'3D%L$3%BAF3(M$1F@%-'0
;(A'0$1%()%6A'3-NO

<F(0,11%G!9!'45#!,5'*34('%!30!'*#!&5:H#-'!3)!&3-(,1!$#"(,!*,&!:43.#0!'*4357*!'*#!5''#4
03(&#!3)!7#'E4(-*EA5(-.E+('*E&3-(,1E$#"(,!*%&'#4(,8!?*,$,!',.#&!'*#!$%&'#4%!,0"
*%2#!35'!3)!&3-(,1!$#"(,!,0"!7(6#&!4#,"#4&!,!24,-'(-,1!&'#2E:%E&'#2!,-'(30!21,0!'3
&',4'/!743+/!$#,&54#/!#>2,0"/!,0"!32'($(I#!'*#(4!301(0#!24#&#0-#8!C'!(&!,!$5&'E4#,"

)34! ,0%! $,4.#'(07! 243)#&&(30,1/! JE1#6#1! #>#-5'(6#/! 34! #0'4#24#0#548! K#4

-306#4&,'(30,1! +4('(07! &'%1#/! 05$#435&! -,&#! &'5"(#&/! ,0"! D*3+E'3B! 75("#&! +('*
&-4##0!&*3'&! $,.#! 1#,40(07! ,0"! ($21#$#0'(07! ,1$3&'! #1#$#0',4%8! C'! +(11! :#
4#A5(4#"!4#,"(07!)34!,11!354!-1(#0'&8;

567=%9PC9:9/@%;(A'0$1%-'0%/-'-4,'4%?,1$+3(1%-3%='
B(1QAF%L1(AQ@%-'0%9A3#(1%()%PD7D*D<D%='31$Q1$'$A1F#,Q

<L#,"%! )34! ,! '45#! &3-(,1! $,4.#'(07! ,+,.#0(07M! C)! &3/! :#! &54#! ,0"! ',.#! ?*,$,
N,:,0(B&!"#$%&$'%()%*(+,-.%/$0,-%/-12$3,'4!30!%354!2,'*!'3!+#:!#01(7*'#0$#0'8;

5?=98%><8?*9R@%9A3#(1%()%"#$%I1(41$FF%B#-..$'4$%-'0
B1-+2,'4%3#$%8$3S(12,'4%B7?=

!"#$%&$'%()%*(+,-.%/$0,-%/-12$3,'4!(&!,!-3$24#*#0&(6#!75("#!)34!$,>($(I(07!'*#
$,4.#'(07!32234'50('(#&!)43$!301(0#!0#'+34.&8!?*,$,!N,:,0(!*#12&!%35!$,.#!'*#
$3&'!3)!%354!#))34'&!(0!$,4.#'(07!'*4357*!,!&'4307#4!.03+1#"7#!3)!&3-(,1!$#"(,8;

5I=8=>7I=%"CJ8T@%;(A'0$1%()%3#$%*(+,-.%8$3S(12%P1-U$'
B-1$$1,F3

<?*,$,!(&!*,0"&E"3+0!'*#!(0"5&'4%!1#,"#4!(0!&3-(,1!$#"(,!$,4.#'(07!,0"!-4#,'(07
:5II8! ?*#! *,&! ,! 4,4#! -3$:(0,'(30! 3)! &3-(,1! $#"(,! &,66%! ,0"! 1,+E3)E,''4,-'(30
$,&'#4%! '*,'! :5&(0#&&#&! -1,$34! '3! )(0"8! C'B&! #,&%! '3! &##! +*%! &*#B&! -,11#"! '*#
D?*,$,0!3)!&3-(,1!$#"(,8B!?*#!+(11!'4,0&)34$!%354!$,4.#'(07!,0"!(0-4#,&#!%354
&,1#&8!O(&'#0!'3!#6#4%'*(07!'*(&!15$(0,4%!&,%&8;

5*:9V8=%?JI=C78@%;,W$K",M$%=//RX%9S-10%V,''$1@
*#-S'$"E

!"#$%&$'%()%*(+,-.%/$0,-%/-12$3,'4!(&!)34!,0%30#!'*,'!*,&!#6#4!)#1'!36#4+*#1$#"!:%
,11!3)!'*#!301(0#!32'(30&!,6,(1,:1#!03+!)34!0#'+34.(07/!&3-(,1(I(07/!,0"!H5&'!21,(0
:#(07!301(0#!(0!7#0#4,1G!?*,$,!:4#,.&!('!"3+0!&3!'*,'!#6#0!'*#!$3&'!&3-(,1!$#"(,E
2*3:#&!+(11!:#!:4#,'*(07!&(7*&!3)!4#1(#)!,'!*3+!&($21#!&*#!$,.#&!('!,11!&350"G!P#'
'*(&!:33.!'3",%!,0"!:#!30!%354!+,%!'3!,!&'4#&&E)4##!301(0#!#>2#4(#0-#!'*,'!%35!+(11
74336#!,0"!,1(70!+('*/!'*4(6#/!,0"!#0H3%8;

5*9>>R%*:<=>?*@%9A3#(1%()%"#$%?<>%CA.$F

!"#$%&'()*+($,!"#$%&'()*)+%',-.'$/#*)+0123$)+4'.5/'65"')&7).#'0"8)-%+9'*%9'65"
-8:';'<5/&0+=>'05'7$)>';'05'7%>$5/>'.5/:';'&5?8'.5/:
@)?880')+0'A/")%.)'B.08"',-.'C)"8+>#123$)+4'.5/'65"'.5/"'<5+#>)+>
#/CC5">' )+0' &5?8:' ;' )-' >"/&.' *&8##80' >5' $)?8' .5/' )#' -.' C)"8+>#:' ;
<5/&0+=>'%-)9%+8'*8%+9'-5"8'&5?80:';')-'7$5';')-'>50).'*8<)/#8'56
.5/:
A56%.)'B.08"',-.'#%#>8"123$)+4'.5/'65"')&7).#'#>)+0%+9'*.'-.'#%08:
D5/"'98+8"5#%>.'%#'/+C)")&&8&80:
!E%E')+0'F)"9%#'()*)+%',-.'%+G&)7#123$)+4'.5/'65"'")%#%+9'!"#$%&'>$8
7).'.5/'0%0:'!+0'>$)+4'.5/'65"'>"8)>%+9'-8'&%48'>$8'0)/9$>8"'.5/'+8?8"
$)0:';'<5/&0+=>'05'>$%#'7%>$5/>'.5/"'#/CC5">:
H)7+)'I)&&)"0',C"568##5"123$)+4'.5/'65"'*8%+9'>$8'/&>%-)>8'8J)-C&8
56')'<&)##.'C"568##%5+)&'75-)+:';')#C%"8'>5'*8'-5"8'&%48'.5/'8?8".'0).:
K%<$)8&' A88&8.' ,>8)<$8"123$)+4' .5/' 65"' %9+%>%+9' -.' C)##%5+' 65"
>8<$+5&59.:'D5/"'C)>%8+<8')+0'<5-C)##%5+'$)?8')&7).#'-5?80'-8:
@)+8>'L5&0#>8%+',-.')98+>123$)+4'.5/'65"'*8&%8?%+9'%+'-8')+0'%+'>$%#
*554:';>'<5/&0'+5>'$)?8'*88+'-)08'C5##%*&8'7%>$5/>'.5/:'M8)$'N%&#5+
,80%>5"O'I8+I8&&)123$)+4'.5/'65"'.5/"'8+<5/")98-8+>')+0'488+'8.8:
D5/"'80%>%+9'$)#'-)08'>$%#'*554'7$)>'%>'%#'>50).:
L&8++' D8668>$' ,C/*&%#$8"O' I8+I8&&)123$)+4' .5/' 65"' .5/"' %--8+#8
#/CC5">:'K).')&&')/>$5"#'*8')#'&/<4.')#';')-'>5'$)?8')'C/*&%#$8"'&%48
.5/P
A>8C$)+%8' Q"5##' ,-.' "%9$>' $)+0P123$)+4' .5/' 65"' .5/"' /+7)?8"%+9
&5.)&>.' )+0' $)"0' 75"4:' 3$)+4' .5/' 65"' "8-%+0%+9' -8' >$)>' 78' )"8
*&8##80O'+5>'#>"8##80:
K.'<&%8+>#23$)+4'.5/'65"')&&57%+9'-8'>5'9/%08'.5/'5+&%+8:'3$)+4'.5/
65"'.5/"'>"/#>O'.5/"'"8#C8<>O')+0'.5/"'*8&%86'%+'-8:

R+>%"8'>8)-')>'3$8'K)"48>%+9'S8+'L"5/C',65"-8"&.'Q&%<4'35'Q&%8+>12
3$)+4' .5/' 65"' *8%+9' >$8' #>"8+9>$' *8$%+0' -.' 75"4:' D5/' 9/.#' )"8' #5
>)&8+>80')+0'$)"075"4%+9:';')-'<5+#>)+>&.'%-C"8##80:
A+55C.' )+0' K)/%' ,-.' 059' )+0' <)>123$)+4' .5/' 65"' *8%+9' >$8' 566%<8
-)#<5>#')+0'65"'&8>>%+9'-8'*5/+<8'%08)#'566'.5/28?8+'%6'%>'7)#'0/"%+9
)'9)-8'56'68><$:

!"#$%"#&
!"#$#% &#'#()% *+#,+*% -..% "/,% '--0% 1)+"% #% *2/(/% .,-$%!"#$ %&'()*+% 3
0(-1%+"/%*2/(/%1/445%3+6*%#%4)++4/%')+%-.%7")4-*-7"8%+",-1(%)(+-%9-4481--:
#(:%$#:/%*)$74/%+-%2-(*;$/5%!"#$#6*%,)<"+%.-,%<)=)(<%;*%+")*%</$>
!"#$ %&'()*% *//$*% +-% "#=/% $-+)=#+/:% #% 4-+% -.% ;*% +-% +")(0% :)../,/(+48
#'-;+%"-1%1/%4)=/%-(4)(/?%#(:%"-1%';*)(/**%1-,0*5
3% 0(-15% 3% 1,-+/% #'-;+%!"#$ %&'()*% #% ./1% :)../,/(+% +)$/*% )(%!(,-'
./#0'-+%@/%2-;4:%"#=/%A;*+%1,)++/(?%BC-%'/%#%+,;*+%#</(+%)*%+-%0(-1%"-1
+-%'/%D/-?E%#(:%)+%1-;4:6=/%'//(%#%*"-,+/,%'--05
C"/,/%)*%#%F/(%+-%*-2)#4%$/:)#5%C"/,/%)*%#%1#85%!"#$#6*%,)<"+%#'-;+
+"#+5% G(:% "/,% 1#8H"/,% +"-;<"+*?% "/,% /I7/,)$/(+*?% "/,
,/2-$$/(:#+)-(*% )(% +")*% '--0H)*% -(/% +"#+% 2#(% </+% #% 4-+% -.% 7/-74/
24-*/,%+-%+"/%7,)F/%+"#(%#(8+")(<%+"/8%$)<"+%)(+;)+%#(:%:-%-(%+"/),%-1(5
J;*)(/**% ,;4/*% #,/% :)../,/(+% (-15% K-(6+% '/4)/=/% $/L% 9-1% #,/% +"/
'#(0*%)(%+"/%M()+/:%!+#+/*%:-)(<L%9-1%#,/%+"/%+",//%')<%2#,%$#0/,*L
9-1%#,/%*$#44%';*)(/**/*%:-)(<L%N-;%1#(+%+-%0//7%$#,0/+)(<%+"/%1#8
2-$7#()/*% "#=/% '//(% .-,% +"/% 4#*+% .).+8% 8/#,*L% D-+% #% <--:% ):/#?% 36$
#.,#):5
@/6,/%1,)+)(<%(/1%2-:/?%#(:%!"#$#%0(-1*%)+5
C"/,/6*%";$#(%2-:/%-;+%+"/,/%#44%#'-;+%"-1%";$#(%8-;%2#(%'/?%"-1
8-;%2#(%2-((/2+%1)+"%7/-74/?%#(:%1"#+%+"#+%$/#(*%.-,%';*)(/**5%36$
.48)(<%#44%-=/,%+"/%74#(/+%,)<"+%(-1%1,)+)(<%(/1%=/,*)-(*%-.%+")*%2-:/%.-,
2-$7#()/*?% *"-1)(<% +"/$% "-1% +-% '/% ";$#(5% C"/% <-#4% )*% *)$74/O
/I74#)(%+-%7/-74/%+"#+?%1")4/%.#2/P+-P.#2/%)*%A;*+%#*%)$7-,+#(+%#*%)+%/=/,
1#*?%(-1%1/6=/%<-+%#44%0)(:*%-.%(/1%+--4*%+"#+%4/+%;*%+)<"+/(%'-(:*%)(
'/+1//(%+"-*/%)(P7/,*-(%$-$/(+*5
C"/*/% +--4*% 4/#=/% #% 1#0/% -.% :#+#% '/")(:% +"/$5% Q-44-1% +"/*/
)(=)*)'4/% +,#)4*% -.% :#+#% #(:% 8-;% 2#(% *$/44% (/1% 2;*+-$/,*?% (/1
-77-,+;()+)/*5%D/1%(/+1-,0*%:-(6+%.-,$%)(*):/%8-;,%)('-I5%D/1%7"-(/
(;$'/,*%:-(6+%*+#,+%.-44-1)(<%8-;%R.,#(048?%+"#+6*%7,-'#'48%#%<--:%+")(<S5

!-2)#4% $/:)#% 7,-=):/*% +"/% 4)(0*% #(:% 2-((/2+)-(*% +"#+% #44-1% +"/*/
(/+1-,0*%+-%.-,$5%36=/%+#0/(%+-%2#44)(<%C1)++/,%+"/%!/,/(:)7)+8%T(<)(/?
'/2#;*/% +"#+6*% 1"#+% )+% "#,(/**/*O% */,/(:)7)+85% G(:% 8-;?% +--?% 2#(
"#,(/**%)+%.-,%8-;,%';*)(/**5
!"#$#% "#*% #% 1#8% -.% +/#2")(<% +")*% (/1% 2-:/H"/,% ';*)(/***#18
U/(%#77,-#2"H+"#+%.)+*%+"/%';*)(/**%8-;6,/%)(?%+"/%7/,*-(%8-;%#,/?%#(:
+"/%,/*;4+*%8-;%1#(+5%3%$)<"+%:-%#%./1%+")(<*%:)../,/(+48?%';+%1/%#44%$)<"+5
RG.+/,%#44?%).%8-;%*//%J;::"#%-(%+"/%,-#:?%0)44%")$5%3*(6+%+"#+%+"/%V;-+/LS
G(:% 8-;% (//:% +-% 2-(*):/,% 1"#+% 7#,+*% -.% "/,% #77,-#2"% 8-;644% '/(/.)+
$-*+%.,-$%)$74/$/(+)(<5%J;+%)<(-,)(<%"/,%)*(6+%#%<--:%$-=/5
W/+% )(+-%!"#$1#0$23$425)&6$%#7)&$%&(8#')0/+%&//7%#%(-+/7#:%.)4/
"#(:5% @,)+/% :-1(% (-+/*5% !//0% -;+% /=/,8+")(<% +"#+% $#0/*% */(*/% .-,
8-;5% !+#,+% */++)(<% ;7% *-$/% (/I+% $-=/*% '#*/:% -(% 1"#+% 8-;% 4/#,(5
!"#$#%1)44%*"-1%8-;5
X/#(1")4/?%36$%1#)+)(<%.-,%+"/%1")+/%,#'')+5

%
HY",)*%J,-<#(?%
Y-P#;+"-,%-.%!"#$9#:$;2(8$!)<#-%
#(:%=&66$4'(##'$>2,(0&6%'/*+*/44/,%!(,-'$./#0'-

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

'
+,-%'.#/'0"'&,"'1-$%&'0223'21'-&%'3-4)5'&,"'1-$%&'211-6-#7'87-9-4:;'0223'24
%26-#7'.")-#<'=,#&'&,-%'."#4%'-%'&,#&'>?9"'@2%&")'#'.-$$2$'62@/'21'&,-%
0223'247-4"'#&'AAA<B"421C26-#7D")-#<62.<'EF2G'6#4'#66"%%'-&'G%-4:
&,"' @#%%@,$#%"' 8&,#43' /2G<;H' C26-#7' .")-#' -&%"71' -%' #' 7-9-4:*' "9279-4:
&,-4:*'#4)'&,"')-:-&#7'62@/'21'!"#$%#&$'($)'*+,-$.#/+,$.,01#2+&3'A-77
0"' G@)#&")' $":G7#$7/' &2' $"17"6&' 6,#4:"%' #%' &,"/' 266G$*' .#3-4:' -&' &,"
7#%&' %26-#7' .")-#' :G-)"' /2G?77' "9"$' 4"")<' +,"' 0223' /2G' ,27)' -4' /2G$
,#4)%'-%'/2G$'3"/'&2'#66"%%-4:'&,#&')-:-&#7'62@/'#4)'.2$"<
+,"$"'#$"'&A2'A#/%'&2'G%"'&,-%'0223*'#4)',2A'/2G'6,22%"')"@"4)%
24'/2G$'%&/7"'#4)'@"$%24#7'@$"1"$"46"<
I<'F2G'6#4'$"#)'-&'1$2.'629"$'&2'629"$'#4)'A#73'#A#/'A-&,'#'%27-)
G4)"$%&#4)-4:'21'%26-#7'.")-#'#4)',2A'&2'0"'#'B"4J7-3"'%26-#7
.")-#'.#$3"&"$<'2$
K<'F2G'6#4'G%"'-&'#%'#':G-)"'#4)'6$"#&"'/2G$'2A4'%26-#7'.")-#
%&$#&":/'#%'/2G'$"#)<'+,"$"'-%'#'A2$30223'&,#&'#662.@#4-"%
&,-%'0223*'#4)'/2G'6#4'1-4)'&,#&'#4)'.G6,'.2$"':G-)#46"'#&
AAA<B"421C26-#7D")-#<62.<
L-&,"$'A#/'/2G'6,22%"'&2'@$26"")*'./'%-46"$"%&'-4&"4&-24'-%'12$'/2G
&2'A#73'#A#/'A-&,'#'&,2$2G:,'G4)"$%&#4)-4:'21',2A'&2'%G66"")'G%-4:
%26-#7'.")-#<
+,#43'/2G'12$'@-63-4:'G@'&,-%'0223<'+,#43'/2G'12$'A#4&-4:'&2'7"#$4
.2$"' #02G&' &,-%' 4"A' 247-4"' A2$7)<' M4)*' .2%&' 21' #77*' &,#43' /2G' 12$
&$G%&-4:'."'&2'0"'/2G$':G-)"<

'
F2G$'NI'1#4*'

)",4,$56/#0$7,8,&+

!"#$%&'(#)%"
*+,-*$)#.-/+)01
!"#$%&#%'()"#&*+#*,#"-.#./.,*,01#%,2#!#-%2#$3%44.2#)4#56#$(37#8(3#"-.
2%6# %,2# $%&# -.%2*,0# ()"# "-.# 2((3# $-.,# 56# 4-(,.# 3%,09# !"# $%&# %
$(5%,1#%#')&*,.&&#:(,&);"%,"1#%,2#&-.#$%&#:;.%3;6#)4&."9#!"#&(),2.2
;*7.#&-.#$%&#(,#"-.#/.30.#(8#".%3&1#&(#!#4)"#2($,#56#"-*,0&#%,2#%&7.2
*8# !# :();2# -.;4# -.39# <.3# 3.&4(,&.# $%&# %,# .5("*(,%;;6# :-%30.2
5(,(;(0).# 8*;;.2# $*"-# 83)&"3%"*(,# %,2# 2*&%44(*,"5.,"9#!"#$%& '())$*

+%&(,,-.)/&01-+&2(,$'--3444&5&*-)6/&$7$)&3)-8&8#(/&5&*9*&81-):4&5&;.</
*-)6/&=>"&<-,9(?&+$*9(4&5&#$(1&('-./&@$-@?$&8#-&(1$&7$1%&<.,,$<<0.?
.<9):&9/A&'./&5&*-)6/&3)-8&8#$1$&/-&</(1/4&B-8&*-&5&$7$)&C>=5D&/-&,(/,#
.@E&5&#(7$&090/$$)&0-??-8$1<&-)&"89//$1444&-/#$1<&#(7$&/#-.<()*<F&5&(+
(&<.,,$<<0.?&,-)<.?/()/F&5&1.)&(&<$7$)G09:.1$&'.<9)$<<A&%$/&5&,()6/&#$?@
'./&0$$?&?93$&5&(+&+9<<9):&-./&-)&(&3$%&,-+@-)$)/&9)&+%&+(13$/9):FH
!#&654%"-*=.2#$*"-#-.31#')"#!#3.%;*=.2#"-%"#&-.#$%&,>"#%;(,.9#!>5#)&.2
"(# 0.""*,0# :%;;&# %,2# .5%*;&# 83(5# 83)&"3%".2# ')&*,.&&# ($,.3&# %,2
5%37.".3&#$-(#&"3)00;.#"(#5%7.#&.,&.#(8#&(:*%;#5.2*%9#?&#(,.#5%,
4)"#*"1#@!">&#;*7.#&$*55*,0#)4&"3.%5AB
C-%">&#-($#"-.#*2.%#8(3#"-*&#'((7#$%&#'(3,9
D,.# 2%61# *"# E)&"#,?9,3$*F# !# 3.%;*=.2# "-.# 5%*,# 3.%&(,# 4.(4;.# %3.
&"3)00;*,0# $*"-# &(:*%;# 5.2*%# 5%37."*,0F# "-.6# %3.# 0(*,0# %0%*,&"# "-.
,%")3%;# (32.3# (8# "-*,0&A# C-.# "3%2*"*(,%;# 5%37."*,0# 3);.&# :%,,("# '.
%44;*.2# "(# &(:*%;# 5.2*%# '.:%)&.# &(:*%;# 5.2*%# *&# ,("# %# 5%37.".3>&
4;%"8(359#!"#'.;(,0&#"(#:(,&)5.3&9
G(3#"-.#;(,0.&"#"*5.1#5%37."*,0#:(,&*&".2#(8#4)""*,0#()"#%#5.&&%0.
%'()"#%#')&*,.&&#(3#43(2):"#"-%"#$%&#:(,"3(;;.2#&"3*:";6#'6#"-.#')&*,.&&
*"&.;89# C-*,7# %'()"# %# &H)%3.# 4.09# C-.# &H)%3.#4.0# 3.43.&.,"&# "-.
"3%2*"*(,%;#5%37."*,0#5.&&%0.9#I($1#*5%0*,.#&H)%3.#-(;.&9#J%:-#-(;.
*&# %# "3%2*"*(,%;# 5%37."*,0# 5.2*)5K43*,"1# 3%2*(1# %,2# ".;./*&*(,9# C-.

&H)%3.#4.0#8*"&#"-.#&H)%3.#-(;.#4.38.:";69
<($./.31# -.3.# :(5.&# &(:*%;# 5.2*%F# 5);"*4;.# (,;*,.# 5.2*)5&# %;;
:(,"3(;;.2# '6# "-.# 4.(4;.# 4%3"*:*4%"*,0# $*"-*,# "-.5K4.(4;.# $-(# %3.
')&6#-%/*,0#:(,/.3&%"*(,&1#&-%3*,0#3.&()3:.&1#%,2#8(35*,0#"-.*3#($,
:(55),*"*.&9#L(:*%;#5.2*%#*&#8);;#(8#:(,&"%,"#%:"*/*"6#:(,"3(;;.2#'6#,(
(,.# *,2*/*2)%;# *,# 4%3"*:);%39# M,;*7.# 3%2*(1# ".;./*&*(,1# %,2# 43*,"1# *"# *&,>"
4%&&*/.F# M&.3&# 2(,>"# E)&"# 3.:.*/.# :(,".,"N# "-.6# :3.%".# *"1# "((9# L(:*%;
5.2*%#*&#%#:*3:);%3#-(;.9#O."#5(&"#5%37.".3&#%3.#&"*;;#)&*,0#%#&H)%3.
4.09# C-.6# %3.# $(37*,0# %0%*,&"# "-.# 03%*,9# ?,2# "-.6>3.# 8*,2*,0
"-.5&.;/.&#"-(3()0-;6#&")54.2#%,2#,(#'."".3#(88#"-%,#"-.6#$.3.#$-.,
"-.6#&"%3".2#(,#"-.*3#E()3,.6
!#$%,".2#&(5."-*,0#!#:();2#-%,2#"(#"-.&.#83)&"3%".2#8(;7&1#&(5."-*,0
"-%"#:();2#-.;4#&(:*%;#5.2*%#5%7.#<$)<$#"(#"-.59#!#$%,".2#&(5."-*,0
"-%"#$();2#8*,%;;6#-.;4#5%37.".3&#),2.3&"%,2#-($#"(#)"*;*=.#&(:*%;#5.2*%
5%37."*,0# :(,:.4"&# *,# %# 43%:"*:%;# %,2# .88*:*.,"# 5%,,.39# !# $%,".2# "(
-.;4#"-.5#8*,2#"-.#:*3:);%3#4.0#"(#8*"#"-.#:*3:);%3#-(;.9
!#$%,".2#"(#&-($#"-.5#"-.#I$)#(8#&(:*%;#5.2*%#5%37."*,09#D,:.#6()
"3);6# ),2.3&"%,2# -($# &(:*%;# 5.2*%# 8),:"*(,&1# 5%37."*,0# )&*,0# &(:*%;
5.2*%#:-%,,.;&#'.:(5.&#.88(3";.&&9

/+.-2."-%3-*+4#1
O.&1# !# 7,($9# L4.,2*,0# -()3&# (,# &(:*%;# 5.2*%# &*".&# (,;6# "(# '.
2*&%44(*,".2#'6#%#=.3(#3.")3,#(,#6()3#*,/.&"5.,"#2(.&,>"#4)"#6()#*,#%
P.,Q;*7.#&"%".9#R)"#"-%"#-%44.,&#-)?%#*8#6()#%3.#2(*,0#*"#$3(,0A#!8#6()#0(
$*"-#"-.#8;($1#6()#:%,#3%7.#*,#"-.#43(8*"&#()*#-%/.#8),9#!5%0*,.#"-%"A
C-.#P.,#(8#&(:*%;#5.2*%#5%37."*,0#*&#%'()"#),2.3&"%,2*,0#"-.#5*,2Q
&."# (8# 4.(4;.# $-(# %3.# )&*,0# &(:*%;# 5.2*%# %,2# "-.,# )&*,0# *"# "(# 6()3
%2/%,"%0.9
S(# 6()# 3.5.5'.3# "-.# 8%5()&# &:.,.# 83(5#"#$&J(/19K# $-.3.# I.(
'.,2&#"-.#&4((,T#!"#$.,"#;*7.#"-*&F
LUDDI# RDOF# S(# ,("# "36# %,2# '.,2# "-.# &4((,9# C-%">&

*54(&&*';.9#!,&".%2999#(,;6#"36#"(#3.%;*=.#"-.#"3)"-9
IJDF#V-%"#"3)"-T
LUDDI#RDOF#C-.3.#*&#,(#&4((,9
IJDF#C-.3.#*&#,(#&4((,T
LUDDI#RDOF#C-.,#6()>;;#&..#"-%"#*"#*&#,("#"-.#&4((,#"-%"#'.,2&N
*"#*&#(,;6#6()3&.;89
L(:*%;#5.2*%#*&#;*7.#"-%"#&4((,9#!8#6()#"36#"(#'.,2#*"1#*"#$(,>"#'.,29#!81
*,&".%21#6()#'.,2K*8#6()#%;".3#6()3#($,#%""*")2.#%,2#-($#6()#5%37."
K6()#$*,9#<%/.#6()#./.3#$(,2.3.2#-($#&(5.#4.(4;.#3%:7#)4#83*.,2&
%,2#8(;;($.3&1#:);"*/%".#8%,&1#%,2#E)&"#&..5#"(#'.#$7$1%8#$1$#%"#(,:.T
C-.&.# 4.(4;.# %3.# "3).# P.,# 5%37.".3&9# C-.6# 5%6# ,("# ./.,# 3.%;*=.
"-.6>3.#2(*,0#%,6"-*,0#&4.:*%;N#"-.6#E)&"#0(#$*"-#"-.#8;($9#C-.6#5%7.#*"
;((7#.88(3";.&&#'.:%)&.#&(#5):-#(8#*"#*&#.88(3";.&&9
I($1#*8#6()#%3.#"-*,7*,0#"-*&#'((7#*&#E)&"#0(*,0#"(#".;;#6()#"(#'3.%"-.
2..4;6#%,2#)&.#"-.#8(3:.1#"-*,7#%0%*,9#W*7.#./.36#0((2#P.,#5%&".31#6()
,..2#&(5.#"((;&#*,#6()3#%3&.,%;9#!,#"-.#8(;;($*,0#4%0.&1#!#$*;;#&-%3.#$*"6()#%;;#"-.#"((;&#%,2#".:-,*H).&#6()#,..2#"(#'.:(5.#"-.#*2.%;#&(:*%;
5.2*%# 5%37.".3K"-.# 0)6# (3# 0%;# 4.(4;.# $%,"# "(# '.# 83*.,2&# $*"-# %,2
$-(&.#')&*,.&&#0."&#"%;7.2#%'()"#:(,&"%,";69

5-6.$0%"47-8#%$,
!#;%),:-.2#56#(,;*,.#5%37."*,0#')&*,.&&#3*0-"#()"#(8#03%2)%".#&:-((;1
(,#56#($,#$*"-#,(#3.&()3:.&1#*,#?)0)&"#(8#XYYZ9#R6#?)0)&"#XYY[1#!
-%2#')*;"#*"#*,"(#%#8*35#$*"-#.54;(6..&#%,2#:;*.,"&#%3(),2#"-.#$(3;29#?,2
\YY#4.3:.,"#(8#()3#:;*.,"&#:%5.#"(#)&#83(5#()3#(,;*,.#5%37."*,0#.88(3"&1
&4.:*8*:%;;6# ()3# &(:*%;# 5.2*%# 5%37."*,0# .88(3"&9# ]6# '(("&"3%44.2
')&*,.&&#-%2#5%2.#&*+#8*0)3.&#*,#;.&&#"-%,#%#6.%39
!#:(,"*,).2#"(#-*3.#"-.#'.&"#4.(4;.#"(#-.;4#03($#()3#".%5#),"*;#$.
'.:%5.#%#"3);6#8);;Q&.3/*:.#$.'#%0.,:69#V-%"./.3#()3#:;*.,"&#,..2.2
(,;*,.1# $.# :();2# 43(/*2.9# L((,1# "-.# ')&*,.&&# 8).;.2# *"&#($,# 03($"-9

V(32# &43.%2# H)*:7;6N# "-%">&# "-.# ,%")3.# (8# (,;*,.# 5%37."*,0A# !# &"%3".2
3.:.*/*,0# *,/*"%"*(,&# "(# &4.%7# %"# "(4# *,2)&"36# :(,8.3.,:.&1# .%3,.2
*,".3/*.$&# $*"-# ".;./*&*(,# 5.2*%1# %,2# -%2# "(# &"%3"# ")3,*,0# %$%6# 5(3.
:;*.,"&#"-%,#!#$%&#"%7*,0#(,9#?&#"-.#')&*,.&&#03.$1#&(#2*2#56#4.3&(,%;
'3%,29#!#%5#-)5';.2#'6#%,2#03%".8);#8(3#()3#03($"-9
]6# :(54%,6# *&# ;*/*,0# 43((8# "-%"1# $-.,# 2(,.# 3*0-"1# &(:*%;# 5.2*%
5%37."*,0#8-13<#8(3#')&*,.&&.&9#?,2#*"#$(37&1#%;'.*"#&;*0-";6#2*88.3.,";61
8(3# ')&*,.&&.&# (8# %;;# &*=.&# %,2# "64.&9# !# 7,($# "-*&# '.:%)&.# $.# -%/.
$(37.2# $*"-# :;*.,"&# %"# %;;# &"%0.&K83(5# &"%3"Q)4&# "(# $.;;Q.&"%';*&-.2
8*35&K"(#;./.3%0.#&(:*%;#5.2*%9#!"#*&#56#&*,:.3.&"#*,".,"*(,#"(#&-%3.
$*"-#6()#"-.#&%5.#$*&2(5#"-%"#-.;4.2#56#:(54%,6#%,2#()3#:;*.,"&>
:(54%,*.&# 03($9# C-3()0-()"# "-*&# '((71# 6()# $*;;# 8*,2# "-.# &"(3*.&# (8
')&*,.&&.&#83(5#%#/%3*."6#(8#*,2)&"3*.&#"-%"#%3.#&)::.&&8);;6#5%37."*,0
"-3()0-#&(:*%;#4;%"8(35&9#!8#"-.6#:%,#2(#*"1#&(#:%,#6()A

*+%-!0-/+)0-9')&.-4-6.$3.(#-:)#-:%$1
!8#6()#%3.#3.&4(,&*';.#8(3#5%37."*,0#*,#%,6#&-%4.#(3#8(351#"-*&#0)*2.#*&
$3*"".,#8(3#6()9#U.3-%4&#6()#%3.#%#&5%;;#')&*,.&&#($,.3#3.&4(,&*';.
8(3# %""3%:"*,0# 6()3# ($,# :)&"(5.3&# (3# :;*.,".;.1# (3# 4.3-%4&# 6()>3.# %,
.54;(6..#%"#%#-)0.#8*35#$-(#*&#3.&4(,&*';.#8(3#6()3#:(54%,6>&#&(:*%;
5.2*%#.88(3"&9#]%6'.#6()#$%,"#"(#0."#"-.#$(32#()"#%'()"#6()3#,(,43(8*"9
!"#2(.&,>"#5%"".3N#"-.#43*,:*4;.&#%3.#%;;#"-.#&%5.9#C-*&#'((7#$*;;#&-($
6()#.+%:";6#-($#"(#;./.3%0.#&(:*%;#5.2*%#"(#%::(54;*&-#6()3#0(%;&9
V-%"#*-$<#5%"".3#*&#"-%"#6()#%3.
^# _(55*"".2# "(# 5%37."*,0# (3# 43(5("*,0# 6()3# &.3/*:.`43(2):"`
';(0`(30%,*=%"*(,#*,#%,#."-*:%;#%,2#),%&&)5*,0#5%,,.3
^#V*;;*,0#"(#;*&".,1#:(55),*:%".1#%,2#&-%3.#a"-.#')*;2*,0#';(:7&#(8
&(:*%;#5.2*%#5%37."*,0b
^#D7%6#$*"-#2(*,0#"-*,0&#"-.#.%&6#$%6#%,2#2(,>"#*,&*&"#(,#0(*,0
%0%*,&"#"-.#03%*,
L(:*%;#5.2*%#5%37."*,0#2(.&#,("#-%/.#"(#'.#%#&"3)00;.9

*+%-!0-/+)0-9')&.-;%#-4-9%%&-:)#-:%$1
C-*&#0)*2.#*&#)-/#8(3#"-(&.#$-(#$%,"#"(#'.:(5.#(/.3,*0-"#5*;;*(,%*3.&1
*,".3,."# 5%37.".3&# ;((7*,0# "(# ")3,# %# H)*:7# '):71# (3# "-(&.# ;((7*,0# "(
03($# "-.*3# G%:.'((7# 83*.,2# :(),"# &(# "-.6# :%,# &4%5# "-(&.# 83*.,2&9
L(336#"(#2*&%44(*,"#6()A#C-.#&"3%".0*.&#%,2#".:-,*H).&#!#;%6#()"#*,#"-*&
'((7# %3.# 8(3# ;.0*"*5%".# ')&*,.&&.&# "-%"# $*;;# %44;6# "-.5# $*":(,&*&".,:6# %,2# :(55*"5.,"K"$(# ,.:.&&%36# .;.5.,"&# 8(3# &(:*%;
5.2*%#&)::.&&9

*+4#-*)77-<%'-=.4$"1
!#V-.3.#&(:*%;#5.2*%#5%37."*,0#8*"&#*,#"-.#'*00.3#&:-.5.#(8

"-*,0&
!#<($#"(#5%7.#6()3#$.'&*".#(3#';(0#"-.#-)'#(8#6()3#(,;*,.

5%37."*,0#.88(3"&
!#<($#"(#)&.#G%:.'((71#C$*"".31#%,2#W*,7.2!,#8(3#(,;*,.

5%37."*,0#*,#%,#."-*:%;#5%,,.3
!#<($#"(#23*/.#"3%88*:#"(#6()3#&*".&
!#<($#"(#')*;2#:3.2*'*;*"6#%,2#.&"%';*&-#.+4.3"*&.
!#<($#"(#0.,.3%".#;.%2&
!#<($#"(#')*;2#6()3#($,#:(55),*"6#(8#8%,&
!#<($#"(#')*;2#6()3#.Q=*,.`,.$&;."".3#;*&"
!#<($#"(#5.%&)3.#6()3#&(:*%;#5.2*%#5%37."*,0#.88(3"&
!#<($#"(#8*,2#%,2#:3.%".#&"3%".0*:#E(*,"#/.,")3.#3.;%"*(,&-*4&

)&*,0#&(:*%;#5.2*%
!#<($#"(#;./.3%0.#6()3#4%&"#&)::.&&#"(#0%*,#8)")3.#:)&"(5.3&

%,2#:;*.,"&
!#<($#"(#0."#&4.%7*,0#.,0%0.5.,"&
!#V-%"#6()#+.</#-%/.#'$0-1$#6()#&"%3"#&(:*%;#5.2*%#5%37."*,0
!#C-.#,)5'.3#(,.#3.%&(,#4.(4;.#8%*;#%"#&(:*%;#5.2*%

5%37."*,0#%,2#-($#"(#%/(*2#"-%"#5*&"%7.

>40.-8#'&).0-4"&-6$%3)7.0
!,#%22*"*(,#"(#"-.#:%&.#&")2*.&#4.44.3.2#"-3()0-()"#"-.#'((71#6()#$*;;
%;&(# 8*,2# %# 03()4# (8# 43(8*;.&# %"# "-.# .,29# C-.&.# 43(8*;.&#43.&.,"#1$(?
4.(4;.#%,2#')&*,.&&.&#)&*,0#&(:*%;#5.2*%#5%37."*,0#"(#%:-*./.#"-.*3
0(%;&9#C-.6#%3.,>"#%;;#5%37.".3&#'6#43(8.&&*(,#')"#%3.#5%37."*,0#%,2
43(5("*,0#"-.*3#:%)&.&#&)::.&&8);;6#,(,."-.;.&&9
<.3.>&#"(#6()K%#8)")3.#P.,#5%&".3#(8#&(:*%;#5.2*%#5%37."*,0A#W."
"-.#E()3,.6#'.0*,9

!
"#$%#&'()*+&,%#-'.)/%0/
!"#$$%&&' (&' )%(*+%,' -./($.0' )1,' -2&*%,(1#&3' "#$$%&&' (&' *+%
).*#,.0' $1)&%4#%)$%' 15' $1)&(&*%)*02' .6602()/' *+%' 7.&($
5#)8.-%)*.0&39
!"#$%&'(

:;<=>;'?;'@==A'BC'=D@ED;'FB>A;CEDGH'0%*I&'011J'.*'*,.8(*(1).0
1,'1550()%'-.,J%*()/3'C+(&'K(00'+%06'&%*'*+%'51#)8.*(1)'51,'-.,J%*()/'1)
*+%'()*%,)%*3':%51,%'*+%'.8L%)*'15'*+%'()*%,)%*H'*+%,%'K%,%'6,%81-().)*02
*+,%%'-.()'K.2&'*1'-.,J%*3'C+%&%'*,.8(*(1).0'-.,J%*()/'.L%)#%&'K%,%
6,()*H' CMH' .)8' ,.8(13' N,()*' ()$0#8%8' )%K&6.6%,&H' -./.O()%&H' 2%001K
6./%&H' 61&*%,&H' 7(0071.,8&H' .)8' %L%)' 8(,%$*' -.(03' >.8(1' .)8' CM
()$0#8%8' $1--%,$(.0&' .)8' &61*&' 1,' &%/-%)*&3' C,.8(*(1).0' -.,J%*()/
K1,J%8'L%,2'K%00'51,'-.)2'2%.,&'51,'*+,%%'-.()',%.&1)&3
1234"5' !6' F.,J%*()/' K.&' .' 1)%PK.2' &*,%%*3' Q1-6.)(%&
*.0J%8'.*'*+%'$1)&#-%,&H'.)8'*+(&'K.&'%R6%$*%8'7%$.#&%'*+%,%
,%.002'K.&')1'L(.70%'K.2'51,'$#&*1-%,&'*1'*.0J'7.$J3'"#,%H'K1,8
15'-1#*+'%R(&*%83'S1K%L%,H'21#'K1#08',%.0(&*($.002'1)02'*%00'T1%H
".002H'.)8'-.27%'F.,2'U(5'&+%'K.&'()'*1K)V'7%51,%'-1L()/'1)3
F1,%1L%,H' (*' *11J' .' 01)/' *(-%' 51,' K1,8' *1' /%*' .,1#)83' "1H
7.&($.002H'(5'*+%')($%P011J()/'0.82'1)'*%0%L(&(1)'&.(8'*+%'0.#)8,2
8%*%,/%)*'K.&'.-.O()/H'K%'7%0(%L%8'(*3'C18.2H'K%'$.)'/1'1)'.
$1-6.)2I&' <.$%711J' 6./%H' 5()8' *+%-' 1)' CK(**%,H' 1,' %L%)
$1--%)*' 1)' *+%(,' 701/3' Q#&*1-%,&' $.)W.)8' .,%W*.0J()/
7.$JX
1234"5'76'?%'K%,%'.00'*+%'&.-%H'-1,%'1,'0%&&3'@%*I&'5.$%'(*X
?%'K1,%'*+%'&.-%'$01*+%&H'+.8'*+%'&.-%'+.7(*&H'.)8'%)Y12%8
*+%'&.-%'.$*(L(*(%&3'E*'K.&'%.&(%,'51,'-.,J%*%,&'*1'*.,/%*'7#2%,&
7%$.#&%'*+%2'J)%K'%R.$*02'K+1'.)8'K+%,%'*+%2'K%,%3'C.,/%*()/

.'K1-.)'()'+%,'*+(,*(%&Z'"+%'K.&'-1&*'0(J%02'.'-.,,(%8H'-1*+%,
15' *K1H' .)8' .' &*.2P.*P+1-%' -1-3' "+%' 6#*' +%,' 5.-(02' 5(,&*' .)8
-1&*'0(J%02'K%)*'*1'$+#,$+'1)'"#)8.2&3'C,2'*.,/%*()/'.'K1-.)'()
+%,'*+(,*(%&'*18.23'"+%'-.2'7%'.'&*.2P.*P+1-%'-1-'*1'*K1'J(8&
.)8'/1'*1'$+#,$+'1)'"#)8.2&3':#*'&+%'-.2'Y#&*'.&'0(J%02'7%'.
&()/0%'K1-.)'51$#&%8'1)'+%,'$.,%%,'K+1'%)Y12&'+(J()/'1)'*+%
K%%J%)8&3' C18.2H' 21#' )%%8' .' -#0*(6,1)/%8' .66,1.$+3' [1#
$.)I*' ,%.$+' .' 8%-1/,.6+($' *+,1#/+' 1)%' $+.))%03' [1#' +.L%' *1
,%.$+'6%160%'*+,1#/+'*+%'$+.))%0'15'*+%(,'$+1($%3
1234"5'86'9&':&*&'$&//',%*&;<)#;')'$%,,$&'$&//'=);&;>'B*
5(,&*H'K%'7%0(%L%8'*+%'-.)'1)'*%0%L(&(1)'K+%)'+%'&.(8'*+.*'+(&
6,18#$*' $1#08' %0(-().*%' .)2' &*.()3' ?%' 7%0(%L%8' (*' K+%)' *+%
K1-.)'K+1',%-()8%8'#&'15'G,.)8-.'&.(8'*+%'$11J(%&'*.&*%8
5,%&+02' 7.J%83' ?%' 7%0(%L%8' (*' .00W51,' .' K+(0%3' ?%' K%,%' &1
*,.)&5(R%8'72'*+%'K%00PK,(**%)'$162'()'*+%'-./.O()%'1,'*+%'50.&+2
.8'1)'CM'C18.2H'K%'.,%'.'01*'&.LL(%,3'?%'$+%$J',%L(%K&H'0%.L%
$1--%)*&H'.)8'8%-.)8'*,(.0'L%,&(1)&3
?@&/',A%/'B&)#',*);%,%@#)$'B)*+&,%#-'%/'@C&*D'D1*'.*'.003'E*'+.&H
+1K%L%,H'%L10L%83'C+%'()*%,)%*'+.&'K1L%)'(*&'K.2'*+,1#/+'%L%,2'51,-'15
*,.8(*(1).0'-.,J%*()/3'?+%)'K.&'*+%'0.&*'*(-%'21#'/1*'.'6(%$%'15'8(,%$*
-.(0'*+.*'8(8)I*'+.L%'.'K%7&(*%'.88,%&&'51,'21#'*1'L(&(*Z';L%,2'-1,)()/
E' 0(&*%)' *1' DN>' UD.*(1).0' N#70($' >.8(1VH' .)8' %L%,2' -1,)()/' *+%
7,1.8$.&*%,&' ()L(*%' -%' *1' *K%%*' *+%-' -2' 4#%&*(1)&' 1,' 5.)' *+%(,
<.$%711J'6./%3

9A),'%/'@#$%#&'B)*+&,%#-D'=)0()%'-.,J%*()/'(&'*+%'.,*'.)8'&$(%)$%
U8.,%'E'&.2'*+%'\%)ZV'15'0%L%,./()/'*+%'()*%,)%*'*1'/%*'21#,'-%&&./%
.$,1&&' &1' *+.*' 21#' $.)' -1L%' 6%160%' *1' *.J%' .$*(1)3' ?+%*+%,' *+.*
.$*(1)'(&'81).*()/'*+%(,'*(-%'*1'21#,'$.#&%'1,'7#2()/'21#,' 6,18#$*' 1,
&%,L($%H' *+%' /1.0' 15' -.,J%*()/' +.&' .0K.2&' 7%%)' *+%' &.-%W*1' /%*
6%160%'*1'*.J%'.$*(1)3'C+%'*110&'Y#&*'J%%6'$+.)/()/3
E5'1)0()%'-.,J%*()/'(&'*+%'.$*'15'0%L%,./()/'*+%'()*%,)%*'()'/%)%,.0'*1
/%*' 21#,' -%&&./%' .$,1&&H' &1$(.0' -%8(.' -.,J%*()/' (&' *+%' .$*' 15
0%L%,./()/' &6%$(5($.002' &1$(.0' -%8(.' 60.*51,-&' U60.$%&' K+%,%' 6%160%
$1))%$*' .)8' $1--#)($.*%V' *1' 6,1-1*%' .' 6,18#$*' 1,' .' &%,L($%' *1

()$,%.&%'&.0%&3
C+%' &1$(.0' -%8(.' -1L%-%)*' +.&' 6,1L(8%8' *+%' 7#&()%&&
1K)%,' 61K%,5#0' *110&' 51,' ,%.$+()/' *+1#&.)8&' 15' 6,1&6%$*&
.)8' $0(%)*&' .*' *+%' $0($J' 15' .' -1#&%3' S1K%L%,H' K(*+1#*' .
&*,1)/' 7#&()%&&' &*,.*%/2' .)8' J)1K0%8/%' 15' 1)0()%
-.,J%*()/H' *+%&%' *110&' .,%' 15*%)' #&%8' ()' L.()3' "#$$%&&' ()
*+(&')%K'-%8(.',%4#(,%&'21#'*1'0%.8'K(*+'.'&*,1)/'7#&()%&&
-()8P&%*3
C1'*+.*'%)8H'.&J'21#,&%05]
^' ?+.*' %R.$*02' .-' E' *,2()/' *1' .$$1-60(&+' K(*+' &1$(.0
-%8(.'.)8'K+2Z
^'?+.*'.,%'-2',%.8%,&I'-1&*'6,%&&()/'$+.00%)/%&H'.)8
+1K'$.)'E'+%06'*+%-'1L%,$1-%'*+%&%Z
^' ?+.*' .,%' *+%' -1&*' %55%$*(L%' 8%0(L%,2' *110&' 51,' -2
-%&&./%&Z
^' S1K' $.)' E' 7#(08' %)8#,()/' ,%0.*(1)&+(6&' .)8' *#,)
&*,.)/%,&'()*1'0(5%*(-%'$#&*1-%,&Z
F(*$+'F%2%,&1)H

)*+'&,'15'F.&*%,()/'=)0()%'F.,J%*()/')(-$."/'+$&+'.,
0&&12
344456"+7'6.8.,2&(57&#9
<(,&*' E' K.)*' *1' &+.,%' K(*+' 21#' .' &(-60%' 5,.-%K1,J' 51,' -.,J%*()/
1)0()%3'C+(&'5,.-%K1,J'(&')%$%&&.,2'7%$.#&%'&1$(.0'-%8(.'-.,J%*()/
(&' )1*' .' &*.)8P.01)%' 6,1$%&&' 1,' 1#*$1-%3' E*' (&' 6.,*' 15' *+%' 7(//%,
-.,J%*()/'6($*#,%3'"1H'7%51,%'K%'8%0L%'()*1'*+%'&6%$(5($&H'K%'+.L%'*1
*.J%'()'*+%'7(/'6($*#,%3
"#$$%&&5#0'1)0()%'-.,J%*()/'$.)'7%'7,1J%)'81K)'()*1'*+,%%'8(&*()$*
$1-61)%)*&3'E'0(J%'*1'#&%'*+%'.$,1)2-'!BQC9'*1'8%&$,(7%'*+%'6,1$%&&3

3' %/' E@*'3,,*)0,> ' C1' .**,.$*' -%.)&' *1' /%*' .**%)*(1)' 1,' &*.)8' 1#*3
N,.$*($.002H' *+(&' -%.)&' .**,.$*()/' *,.55($' *1' 21#,' K%7&(*%W21#,' -.()
1)0()%'-.,J%*()/'*1103
F' %/' E@*' F@#C&*,>' Q1)L%,&(1)' +.66%)&' K+%)' 21#' *#,)' .' &*,.)/%,
()*1'.'$1)&#-%,'1,'$#&*1-%,3'B)8'*+%,%'(&'.'8(55%,%)$%'7%*K%%)'*+%
*K1X'B' $1)&#-%,' -.2' *.J%' ()' 21#,' ()51,-.*(1)' 1,' %L%)' &.-60%' 21#,
6,18#$*H'7#*'+%'1,'&+%'-.2')1*'.0K.2&'7#2'C+.*I&'1J.2X'=L%,'*(-%H'*+.*
$1)&#-%,'-.2'7%$1-%'.'$#&*1-%,3'C+%'-1,%'%R6%)&(L%'.'6#,$+.&%H
*+%'01)/%,'(*'-.2'*.J%3'C+(&'-%.)&'*+.*'21#'$1)&*.)*02'+.L%'*1'K1,J'*1
$1)L%,*'6%160%'()*1'$1)&#-%,&')(-'$#&*1-%,&3
G'%/'E@*'G*)#/E@*B>'[1#'*,.)&51,-'K+%)'21#'*#,)'6.&*'.)8'6,%&%)*
&#$$%&&%&'()*1'-./)%*($'51,$%&'15'.**,.$*(1)3

'
@%*I&'#&%'"#%'.&'.)'%R.-60%3'"#%'&%00&'4#(0*&'1)'*+%'()*%,)%*3'"1'81
+#)8,%8&'15'1*+%,'6%160%3'S1K'$.)'"#%'7,()/'6%160%'*1'+%,'K%7&(*%Z'E5
&+%'#&%&'<.$%711JH'&+%'$1#08'$,%.*%'.)'.07#-'15'+%,'4#(0*&3'T.)%H'.
<.$%711J'5,(%)8'15'"#%I&H'011J&'.*'*+%'6($*#,%&'.)8'()&*.)*02'*+()J&'15
/%**()/'1)%'51,'+%,'/,.)88.#/+*%,3'"+%'&%%&'*+.*'"#%'+.&'60.$%8'.'0()J
*1'+%,'K%7&(*%',(/+*'7%01K'*+%'6($*#,%&H'&1'&+%'$0($J&'1L%,'*1'+%,'&(*%3
"#%'+.&'&#$$%&&5#002'BCC>BQC;_'T.)%'*1'+%,'K%7&(*%3
?(*+' &1$(.0' -%8(.H' 21#' .,%' *+%' 6#70(&+%,X' C+%' &11)%,' 21#
,%.0(O%' 21#' .,%' .' 6#70(&+%,H' *+%' -1,%' &#$$%&&5#0' 21#,
7#&()%&&'K(00'7%3'?1#08)I*'(*'7%'/,%.*'(5'6%160%',%0(%8'1)'21#
.)8' 21#,' 7#&()%&&' *1' +%06' *+%-' ()' *+%(,' $.,%%,&' .)8
6%,&1).0'0(L%&Z'E*I&'61&&(70%H'7#*'21#'+.L%'*1'&*.,*'*+()J()/
8(55%,%)*02' .71#*' *+%' K.2' 21#' -.,J%*3' N#70(&+()/' L.0#.70%H
,%0%L.)*H' .)8' $1-6%00()/' ()51,-.*(1)' *.,/%*%8' *1' 21#,
$#&*1-%,&' .)8' 6,1&6%$*&' (&' *+%' .)&K%,3' ?+.*I&' 21#,
%R6%,*(&%Z' S1K' 81%&' *+.*' %R6%,*(&%' ,%0.*%' *1' 21#,
$#&*1-%,&I' 6.()' 61()*&Z' C+%)' $,%.*%' *+%' &*1,2' .)8' ,%.$+
6%160%' K+%,%' *+%2' .,%' .*W*+,1#/+' %-.(0H' %711J&H' 701/&H
&1$(.0'-%8(.H'.)8'-1,%3'C+%)'K.*$+'*+%'-./($'+.66%)]'21#
7%$1-%'*+%'.#*+1,(*2'51,'*+.*')($+%3'[1#'.,%'*+%'%R6%,*H'.)8
21#'-.2')%L%,'+.L%'*1'.$*(L%02'&%00'./.()X
'
T1%'N#0(OO(H
$1P.#*+1,'15'G%*'Q1)*%)*3'G%*'Q#&*1-%,&
=)$%'T.)%'L(&(*&'"#%I&'K%7&(*%H'&+%'*.J%&'.'$01&%,'011J'.*'*+%'4#(0*&3
"+%' 5()8&' 1)%' *+.*' &+%' *+()J&' +%,' /,.)88.#/+*%,' K1#08' Y#&*' 01L%' 7#*
,%.0(O%&'*+.*'&+%'$.)I*'.551,8'(*'Y#&*'2%*3'"+%'-.J%&'.')1*%'*1'+%,&%05
*+.*'&+%'K(00'-.J%'&#,%'*1'$1-%'7.$J'$01&%,'*1'Q+,(&*-.&3'D1KH'K+.*
.,%'*+%'$+.)$%&'*+.*'T.)%'K(00'.$*#.002'7%'7.$JZ'M%,2'&0(-3'@#$J(02H'"#%

+.&' .' )%K&0%**%,' &(/)P#6' 71R' 1)' +%,' +1-%' 6./%3' "+%' 155%,&' T.)%
&1-%' *(6&' 1)' 4#(0*' -.J()/' ()' %R$+.)/%' 51,' +%,' %-.(0' .88,%&&3' T.)%
/0.802'/(L%&'(*`'&+%'(&'Q=DM;>C;_'5,1-'.'&*,.)/%,'*1'.'$1)&#-%,3
D1KH' "#%' $.)' %-.(0' T.)%' K+%)%L%,' &+%' +.&' &1-%*+()/' %R$(*()/' *1
&+.,%W.' )%K' &+(6-%)*H' &1-%' -1,%' *(6&H' 1,' %L%)' )%K&' 15' .' &.0%3
Q1-%'Q+,(&*-.&H'T.)%',%$%(L%&'.)'%-.(0'5,1-'"#%',%-()8()/'+%,'*1
/%*' +%,' Q+,(&*-.&' &+166()/' 81)%W.)8' T.)%' 7#2&3' "+%' (&
Q=DM;>C;_'5,1-'.'$1)&#-%,'()*1'.'$#&*1-%,3
T.)%'01L%&'*+%'4#(0*'&+%',%$%(L%&'5,1-'"#%X'E*'%L%)'+.&'.')($%')1*%3
T.)%I&'/,.)88.#/+*%,'01L%&'*+%'4#(0*'Y#&*'.&'-#$+3'E)'5.$*H'&+%'8,./&'(*
.,1#)8'*+%'+1#&%3'E*'+.&'7%$1-%'+%,'5.L1,(*%'70.)J(%3'T.)%'Y#&*'+.&'*1
*.J%'.'6($*#,%'.)8'&%)8'(*'*1'"#%3'"#%'*.J%&'*+(&'6($*#,%'.)8'&+.,%&'(*
1)' +%,' $1-6.)2' 701/3' "+%' C>BD"<=>F"' *+%' &#$$%&&' K(*+' .
$#&*1-%,'()*1'.)'.**,.$*(1)'*1103'"+%'%R60.()&'+1K'%.$+'4#(0*'0%.8&'*1
01)/P0.&*()/' -%-1,(%&' .)8' +1K' +.662' (*' -.J%&' +%,' *1' &%%' +%,
$#&*1-%,&'+.6623';)*%,'_1)3'_1)'+.&'7%%)'*+()J()/'.71#*'6#,$+.&()/
.'4#(0*'51,'+(&'1K)'8.#/+*%,'7#*'K.&)I*'&#,%'(5'&+%'K1#08',%.002'%)Y12'(*3
S%' Y#&*' &*#-70%8' .$,1&&' "#%I&' 701/' .5*%,' +(&' K(5%' 51,K.,8%8' +(-' .)
.,*($0%' ()' K+($+' "#%' K.&' 5%.*#,%83' "%%()/' T.)%I&' /,.)88.#/+*%,I&
&-(0()/'(-./%'K(*+'*+%'4#(0*'-.J%&'_1)'&-(0%3'S%'*+()J&H'!E5'*+.*'0(**0%
/(,0'01L%&'(*'&1'-#$+H'6%,+.6&'-()%'K(00'*1139'S%'.0&1')1*%&'+1K'-#$+
"#%'&%%-&'*1'$.,%'.71#*'+%,'$#&*1-%,&3'S%'7#2&'.'4#(0*'()&*.)*023

BSBX'\%)'F1-%)*
E)' *+(&' 711J' EI00' 7%' #&()/' *+%' K1,8&' !$#&*1-%,9' .)8' !$0(%)*9
()*%,$+.)/%.702'*1',%5%,'*1'71*+H'7%$.#&%'*+%,%'(&)I*'-#$+
8(55%,%)$%' 7%*K%%)' *+%-' K+%)' (*' $1-%&' *1' #&()/' &1$(.0
-%8(.' -.,J%*()/' *%$+)(4#%&]' 21#' $.)' BCC>BQCH
Q=DM;>CH' .)8' C>BD"<=>F' 71*+' K(*+' *+%' &.-%
-%*+18&X'

C+,1#/+'*+%'BQC'6,1$%&&H'"#%'%)&#,%&'*+.*'&+%'K(00')%L%,'7%'&+1,*
15'$#&*1-%,&3'E*'(&'.'&(-60%'2%*'%55%$*(L%'6,1$%&&3
"*.,*'*+()J()/'.71#*')::'21#,'1)0()%'-.,J%*()/'*.$*($&'.&'5.00()/'()*1')+
:.)2+$&(.'15'*+%&%'$.*%/1,(%&3'B)2*(-%'21#'*+()J'.71#*'-.,J%*()/H'.&J
21#,&%05'*+(&'4#%&*(1)]')#$;$*2"(/$+'"2$+.7'("<*.$+&$=++,)7+>$?&(@.,+>$&,
A,)(2B&,#C'A%%6'()'-()8'*+.*'*+%,%'.,%'60%)*2'15'()&*.)$%&'()'K+($+'.)
1)0()%' -.,J%*()/' *.$*($' $.)' 6%,51,-' -#0*(60%' 5#)$*(1)&3' ?%' K(00' $1L%,
*+%&%'()&*.)$%&'0.*%,3

3,,*)0,
D1K+%,%'(&'&1$(.0'-%8(.'-.,J%*()/'#&,.'&#$$%&&5#0'.)8'#&%5#0'*+.)'()
*+%'!.**,.$*()/9'6+.&%'15'1)0()%'-.,J%*()/3'_#,()/'*+%'.**,.$*(1)'6+.&%H
21#' .,%' *,2()/' *1' 8,(L%' *,.55($' *1' 21#,' &(*%' .)8' &*.)8' 1#*' 5,1-' *+%
-.&&%&3
?%'K(00'011J'.*'*+%'%R.$*''&4'15'8,(L()/'*,.55($'0.*%,'()'*+%'711J3'<1,
)1KH'0%*I&'51$#&'7,(%502'1)'K+.*'21#'(..-'()'1,8%,'*1'-.J%'21#,'6,18#$*
1,'&%,L($%'.**,.$*(L%'1)0()%3
C+(&'-.2'&%%-'0(J%'.'8%*1#,'5,1-'&1$(.0'-%8(.'-.,J%*()/H'7#*'(*'(&'()
5.$*'*+%'5,.-%K1,J'21#')02&:*+.:8'-#&*'+.L%'*1'.**,.$*'6%160%'*1'21#,
6,18#$*'1,'&%,L($%3
?+.*'81'21#')%%8'*1'.**,.$*'6,1&6%$*&'1)0()%Z'B'/,%.*':=_X
^'.*)#;6'E5'21#,'7,.)8'$1#08'7%'&#--%8'#6'()'1)%'K1,8H'K+.*
K1#08'(*'7%Z'E'K(00'#&%'-2'$1-6.)2H'C+%'F.,J%*()/'\%)'G,1#6H
.&'.)'%R.-60%3'=#,'$0(%)*&'#&%'-.)2'K1,8&'*1'8%&$,(7%'#&H'7#*
.*'*+%'%)8'15'*+%'8.2H'*+%'7%&*'6+,.&%'(&'!1)%P&*16'&+1639'?%
$1)&*.)*02'.(-'*1'6,1L(8%'.)2*+()/'1#,'$0(%)*&'-.2')%%8'.&'(*
,%0.*%&'*1'-.,J%*()/'1)0()%3
^'"H,0@B&6'?+.*I&'*+%'1#*$1-%'21#'+%06'$0(%)*&'.$+(%L%Z'D1*
*+%'6,1$%&&'21#'#&%'7#*'*+%'B"():',%&#0*3'"#-'(*'#6'()'1)%'0()%]

68$7&#D)(8$'.:D2$0*2"(.22.2$/,&4$08$:.@.,)/"(/$+'.
"(+.,(.+5'"(-60%3'?%'-.2'$,%.*%'K%7&(*%&'.)8'$1)8#$*'&1$(.0

-%8(.'*,.()()/&'.)8'&1'1)H'7#*'*+1&%'.,%'.00'6.,*'15'*+%'6,1$%&&3
?%'81'*+1&%'*+()/&'*1'.$$1-60(&+'.'/1.03'C+.*'/1.0'(&'*1'+%06
1#,'$0(%)*&'-.J%'-1,%'-1)%23'C+.*'/1.0'(&'1#,'1#*$1-%3
^'?%EE&*&#,%),@*6'?+.*'-.J%&'21#'"('.,.(+:8'8(55%,%)*'5,1-'21#,
$1-6%*(*1,&Z'<1,'%R.-60%H'*+%'1)0()%'-.,J%*()/'5(%08'(&'.
$1-6%*(*(L%'1)%3'S1K%L%,H'-1&*'1)0()%'-.,J%*%,&'.,%'*11'6#&+2
51,'6,15%&&(1).0'$1-6.)(%&3'C+%'01)/'&.0%&'6./%&H'*+%'&$.,$(*2
*.$*($&'U7#2')1K'1,'51,%L%,'+108'21#,'6%.$%VH'.)8'*+%'0(J%'.,%
Y#&*'*11'-#$+'51,'-.)2'$1-6.)(%&3'C+(&'(&'K+%,%'-2'$1-6.)2
UC+%'F.,J%*()/'\%)'G,1#6V'8%$(8%8'*1'&*.)8'1#*3'?%
,%$1/)(O%8'*+.*'*+%,%'(&'.')%%8'51,'&10(8'1)0()%'-.,J%*()/'51,
,%6#*.*(1)P7.&%8'6,15%&&(1).0'$1-6.)(%&3'E*'+.&'7%%)'.)
.-.O()/'8(55%,%)*(.*1,'51,'#&X'"1H'21#,'8(55%,%)*(.*1,H'()'1*+%,
K1,8&H'(&'&(-602'K+.*'-.J%&'21#'&*.)8'1#*3
E'$.)I*'&*,%&&'%)1#/+'+1K'(-61,*.)*'*+%&%'6,()$(60%&W*+%&%'7.&($
7#(08()/'701$J&W.,%'*1'1)0()%'-.,J%*()/'.)8'&1$(.0'-%8(.'-.,J%*()/
()'6.,*($#0.,3'C+%,%'(&')1'0.$J'15'()51,-.*(1)'.)8')1(&%'1#*'*+%,%3'B&
$1)&#-%,&H' K%' .,%' $1)&*.)*02' ()#)8.*%8' K(*+' 8.*.3' E*' (&' .' $1)*()#.0
N%,&(.)'7.O..,3'E5'21#'81)I*'+.L%'*+%',(/+*'%0%-%)*&H'21#'$.)I*'&*.)8
1#*'5,1-'*+%')1(&%3'E5'21#'81)I*'&*.)8'1#*H'21#'$.)I*'.**,.$*'6%160%'*1'81
7#&()%&&3
C+%'7,.)8()/'6,()$(60%'!%L%,2*+()/'$1--#)($.*%&9'+.&'1)02
7%%)'-./)(5(%8'72'*+%',(&%'15'&1$(.0'-%8(.3
C1'7%'%55%$*(L%'()'*+(&'&6.$%H'21#'+.L%'*1'7%'$0%.,'.71#*
K+.*'21#'K.)*'*1'7%'J)1K)'51,WK+.*'21#,'7,.)8'&*.)8&'51,3
B)8' *+%)H' 21#' +.L%' *1' 7%' L(/(0.)*' .71#*' 7#(08()/' .)
()*%/,.*%8' -.,J%*()/' 6,%&%)$%' *+.*' &#661,*&' 21#,' (8%)*(*2
$1)&(&*%)*023' _#%' ()' 6.,*' *1' *+%' 70#,,()/' 15' 6%,&1).0' .)8
6,15%&&(1).0'(8%)*(*(%&'1)0()%H'21#'$.)'!0%.J9'-%&&./%&'*+.*
.,%'()$1)/,#%)*'K(*+'21#,'7,.)83'<,#&*,.*%8'155%)8%,&'-(/+*
&.2H' !E' 8(8)I*' K.)*' *+.*' *1' $1--#)($.*%X9' :#*' (*I&' )1*' 1#,
$+1($%`' *+%' %R6%,(%)$%' 15' *+%' *.,/%*' .#8(%)$%' 8%*%,-()%&
1#,'(8%)*(*2H'.)8'*+%2'8%$(8%'K+.*'*1'()$0#8%'.&'.)'%0%-%)*

15'1#,'7,.)83
<,1-' (*&' %&&%)$%' *1' (*&' 011J' .)8' 5%%0H' 7#&()%&&' -18%0H
.55(0(.*(1)&H'.)8'&1'1)H'(*'+.&')%L%,'7%%)'-1,%'(-61,*.)*'*1
*+1,1#/+02'60.)'21#,'7,.)83
'
".-.)*+.'S.,*0%2H
;)0(/+*%)%8'F.,J%*()/'UKKK3;)0(/+*%)%8F.,J%*()/3$1-V
C+%' ab' ,%.&1)' 6%160%' 5.(0' .*' &1$(.0' -%8(.' -.,J%*()/' (&' *+.*' *+%2
81)I*' +.L%' .' &10(8' 51#)8.*(1)3' C+%2' 81)I*' +.L%' .' 7,.)8H' *+%2' 81)I*
#)8%,&*.)8'*+%'1#*$1-%'*+%2'6,1L(8%H'.)8'*+%2'+.L%'.7&10#*%02')1'K.2
15'8(55%,%)*(.*()/'*+%-&%0L%&'5,1-'*+%'$1-6%*(*(1)3
"1$(.0'-%8(.'(&'*+%'#0*(-.*%'.-60(5(%,3'E5'21#'+.L%'.'/118'6,18#$*'1,
&%,L($%H'(*'K(00'7%'.-60(5(%8'#)*(0'(*'(&'6%,$%(L%8'.&'/,%.*3'E5'21#'+.L%'.
&+1882'6,18#$*'*1'7%/()'K(*+H'*+.*'K(00'.0&1'7%'.-60(5(%83'C+()J'.71#*
K+%)'21#'&6%.J'*1'21#,'5,(%)8&3'_1'21#'*%00'*+%-'*+.*'.',%&*.#,.)*'21#
0(J%8'K.&'/118H'1,'81'21#'&.2'(*'K.&')#)E"(/C'E)&(8%'%.$+'15'#&'(&'.
&*1,2*%00%,3' ?%' 0(J%' *1' .-60(523' "1$(.0' 60.*51,-&' .)8' *+%' ()*%,)%*' ()
/%)%,.0'.001K'#&'*1'81'*+.*3'C+%2'.,%'.'-%/.6+1)%'51,'21#,'-%&&./%3
C+%'6%160%'K+1'$1)&(&*%)*02'81'K%00'#&()/'&1$(.0'-%8(.'.,%'*+%'1)%&
K+1' K%,%' .0,%.82' 81()/' K%00' *1' 7%/()' K(*+3' C+%' -%8(#-' &(-602
.-60(5(%&'*+%(,'&#$$%&&3

F@#C&*,
"1H'K+.*'+.66%)&'.5*%,'21#'.**,.$*'$0(%)*&'1,'$#&*1-%,&Z'E5'*+%2'.,%'.)
(8%.0'5(*H'*+%2'$1)L%,*3'E'&.2'"B'*+%2'.,%'.)'(8%.0'5(*'7%$.#&%')1*'%L%,21)%
21#'.**,.$*'K(00'7%3'E)'1#,'&*1,2'%.,0(%,H'"#%'.**,.$*%8'T.)%H'K+1'K.&'.)
(8%.0'5(*3'"+%'K.&'011J()/'51,'4#(0*&'*1'7#23'@%*I&'&.2'"#%'.0&1'.**,.$*&
;8/.,'*1'L(&(*'+%,'&(*%'7%$.#&%'+%'0(J%&'*+%'6($*#,%&'15'*+%'4#(0*&'1)'+%,
<.$%711J'6,15(0%3'S1K%L%,H'+%'81%&)I*'+.L%'.)2'#&%'51,'.'4#(0*`'+%'Y#&*

*+()J&'*+%2'.,%'6,%**23'S%'-.2')%L%,'7#23'B)8'*+.*I&'1J.23'[1#'K.)*'*1
$1)L%,*'*+%'T.)%&'1#*'*+%,%H')1*'*+%';8/.,&3
B&' E' -%)*(1)%8' 6,%L(1#&02H' $1)L%,&(1)' $.)' +.66%)' ()' 1)%' 15' *K1
K.2&]'UbV'.'&*,.)/%,'*#,)&'()*1'.'$1)&#-%,H'1,'UcV'.'&*,.)/%,'*#,)&'()*1'.
$0(%)*'1,'$#&*1-%,3
N%160%'7%$1-%'$1)&#-%,&'K+%)'*+%2'&#7&$,(7%'*1'21#,'701/H'/%*
1)'21#,')%K&0%**%,'0(&*H'1,'-%,%02'Y1()'21#,'<.$%711J'/,1#6'U-1,%'1)
*+(&' 0.*%,V3' C+%2' .,%'7&(2*#"(/' 21#,' ()51,-.*(1)3' B*' *+(&' 61()*H' *+%2
+.L%'$1)L%,*%83'C+%2'.,%')1'01)/%,'&*,.)/%,&3
?+2' (&' *+(&' (-61,*.)*Z' ;L%)' (5' *+%2' .,%)I*' 6.2()/' 51,' *+%' $1)*%)*
*+%2I,%'$1)&#-()/H'*+%2'.,%'&*(00'7%()/'%R61&%8'*1'21#,'$1-6.)2'.)8
21#,'7,.)83'C+%,%'(&'.)'108'-.,J%*()/'.8./%'*+.*'&.2&'.'6%,&1)'-#&*
$1-%'()*1'$1)*.$*'K(*+'21#,'7,.)8'&%L%)'*(-%&'7%51,%'+%'1,'&+%'K(00
-.J%'.'6#,$+.&%3'"%L%)'*(-%&X
C+()J'.71#*'*+%'0.&*'*(-%'21#'K%)*'/,1$%,2'&+166()/'.*'.'7(/'$+.()
&*1,%3'Q+.)$%&'.,%'*+.*'*+%,%'K.&'&1-%'*.70%'&%*#6'*+.*'.001K%8'21#
*1'&.-60%'.'6,18#$*WK+%*+%,'(*'K.&'.')%K'Y#($%'1,'108P5.&+(1)%8'Y.-3
"*#8(%&'&+1K'*+.*'K+%)'6%160%'&.-60%H'*+%2'.,%'-1,%'0(J%02'*1'7#2X
C+(&'&.-%'!&.-60%'*.70%9'$1)$%6*'.0&1'K1,J&'1)0()%3'=55%,()/'6%160%'.
&.-60%' 15' 21#,' K1,JWK+%*+%,'*+,1#/+' K,(**%)' $1)*%)*H' 6($*#,%&H' 1,
L(8%1&W$.)'.0&1'0%.8'*+%-'*1'7#2'5,1-'21#3
E8%.002H'*+%'51,-#0.'K1,J&'0(J%'*+(&]

F@#/HBI,%@#'@E'J)$H)K$&'F@#,&#,'L'G%B&'M'F$%&#,
C(-%'(&'.'L.,(.70%3'"1-%'6%160%'-.2'7#2',(/+*'.5*%,'&.-60()/'21#,
6,18#$*'1,'&%,L($%3'=*+%,&'-.2')%%8'-#$+'01)/%,3'"1-%'15'1#,'$0(%)*&
,%$%(L%8'1#,')%K&0%**%,'51,'1L%,'.'2%.,'7%51,%'*+%2'8%$(8%8'*1'7%$1-%
$0(%)*&3'B)8')1*'.@.,8&(.'&+1#08'*#,)'()*1'.'$0(%)*3'[1#'1)02'K.)*'*+1&%
K+1' .,%' .' 6%,5%$*' 5(*3' C+%' -1,%' 4#.0(5(%8' *+%' 7#2%,H' *+%' 5%K%,' *+%
,%*#,)&3
Q1)&#-%,&'.)8'7#&()%&&'7#2%,&'K.)*'*1'-.J%'#6'*+%(,'1K)
-()8&'.71#*'K+.*'*+%2')%%8'K(*+1#*'()*%,5%,%)$%'5,1-')1(&2

-.,J%*%,&3'E)'5.$*H'72'*+%'*(-%'*+%2'.,%',%.82'*1'*.0J'*1'21#H
*+%2'K(00'7%'.,-%8'K(*+'()51,-.*(1)'.71#*'21#,'$1-6.)2H'(*&
6%160%H'.)8'(*&'6,18#$*&3
:%)%5(*' 5,1-' *+(&' )%K' 7#2%,' 7%+.L(1,' 72' %)/./()/' K(*+
*+%-' .&' *+%2' &%.,$+' 51,' .)&K%,&3' _%0(L%,' $1)*%)*' *+.*' (&
,%0%L.)*' .)8' $1-6%00()/' ()' *+%(,' &%.,$+' 51,' &10#*(1)&3' [1#
$.)'81'*+(&'7%51,%'*+%2'%L%,'$.00'21#'1,'K.0J'*+,1#/+'21#,
5,1)*'811,3
[1#'7%$1-%'*+%'%R6%,*'21#,'5#*#,%'7#2%,&'$.)'$1#)*'1)3
[1#,'$1)*%)*'%)/%)8%,&'.'*,#&*%8',%0.*(1)&+(6'*+.*'-.J%&'(*
%.&2'*1'7#2'5,1-'21#3'C+.*I&'K+.*'$1)*%)*'-.,J%*()/'(&'.00
.71#*3
'
D%K*':.,,%**H

7&F)*+'&,$&B'G%*'Q1)*%)*3'G%*'Q#&*1-%,&

N@:'?@&/'4@0%)$'(&;%)'()*+&,%#-'O%,'9A&#'P,'F@B&/',@
F@#C&*/%@#D
@%*I&'7%'$1-60%*%02'+1)%&*'.71#*'K+.*'&1$(.0'-%8(.',.,%02'81%&]'0%.8
*1' ()&*.)*' $0(%)*&3' <1,' %R.-60%H' (5' 21#' .,%' 011J()/' *1' 6#*' #6' 21#,
@()J%8E)'6,15(0%'.)8'(--%8(.*%02'/%*'&K.-6%8'72'$0(%)*',%4#%&*&H'21#
-.2'7%'8(&.661()*%83'E'K1)I*'&.2'*+.*'&1$(.0'-%8(.'-.,J%*()/'81%&)I*
%L%,'0%.8'8(,%$*02'*1'$0(%)*&'7%$.#&%'(*'81%&'+.66%)H'7#*'*+(&'&+1#08')1*
7%'21#,'/1.03'E5'21#'K.)*'*1'/.()'$0(%)*&'4#($J02H'*+%,%'.,%'7%**%,'K.2&'15
.$+(%L()/'(*3
?+.*'&1$(.0'-%8(.'(&'/,%.*'.*'(&'*#,)()/'&*,.)/%,&'()*1'7&(2*#.,23
E*I&' *+%' 6%,5%$*' $+.))%0' 51,' .001K()/' 6%160%' *1' /%*' .' *.&*%' 15' 21#,
6,18#$*'1,'&%,L($%W(*I&'&.-60()/'-.8%'%.&23

BSBX'\%)'F1-%)*
"1$(.0'-%8(.'-.,J%*()/'K1,J&'7%&*'.&'.'*110'51,'.**,.$*()/
*,.55($' .)8' .**%)*(1)3' E*' 81%&)I*' K1,J' .&' K%00' 51,' $1)L%,*()/
&*,.)/%,&' ()*1' $0(%)*&3' E*I&' 7%**%,' &#(*%8' *1' $1)L%,*()/
&*,.)/%,&' ()*1' $1)&#-%,&' U(3%3H' 701/' ,%.8%,&' 1,' )%K&0%**%,
&#7&$,(7%,&VH'(5'&(-602'7%$.#&%'!5,%%9'(&'.)'%.&2'&%003'<,%%
K1,J&X'B)8'1L%,'*(-%H'(*'$.)'.)8'K(00'0%.8'*1'7#&()%&&3'

9A),Q/',A&'.&/,'F@#C&*/%@#'G@@$D
[1#,' K%7&(*%X' C+%,%' (&' )1' /%**()/' .,1#)8' *+(&' 1)%3' [1#' &+1#08)I*' 7%
%)/./()/'()'&1$(.0'-%8(.'-.,J%*()/'(5'21#'-&(G+'+.L%'.'K%7&(*%'5(,&*3
;L%,2'*(-%'E'&6%.J'1)'*+%'&#7Y%$*'15'&1$(.0'-%8(.'-.,J%*()/H'&1-%1)%
()%L(*.702'.&J&'-%H'!Q.)I*'E'&#7&*(*#*%'.'&1$(.0'-%8(.'6,15(0%'U&.2H'1)
<.$%711J'1,'@()J%8E)V'()'0(%#'15'.'K%7&(*%Z9'C+%'.)&K%,'(&'):4)82')13
?+2'&+1#08'21#'+.L%'21#,'1K)'K%7&(*%'.)8')1*'8%6%)8'1)'&1$(.0
-%8(.'6,15(0%&Z
^' R@H'!"#' S@H*' :&K/%,&>' [1#' 81)I*' 1K)' 21#,' &1$(.0' -%8(.
6,15(0%&3' [1#,' 6,15(0%' U.)8' 21#,' +.,8P%.,)%8' $1)*.$*' 0(&*V' (&
1K)%8'72'*+%'&1$(.0'-%8(.'&(*%'(*&%053'E5'(*'/1%&'!61159'*1-1,,1KH
*+%)'&1'81%&'21#,'1)0()%'6,%&%)$%3
^' 4@0%)$' B&;%)' I*@E%$&/' )*&' $%B%,%#->' [1#' $.)' $1)L%2' 1)02' &1
-#$+'()51,-.*(1)'1)'21#,'6,15(0%3'B0*+1#/+'(*'-.2'U.)8'&+1#08V
()*,(/#%'&1-%1)%H'(*'(&)I*'%)1#/+'*1'-.J%'.'&.0%3'>%-%-7%,H
&1$(.0'-%8(.'(&')1*'.'&%00()/'*110X'E*'(&'.)'.**,.$*()/'*1103

G*)#/E@*B
=)$%'21#'+.L%'-.&*%,%8'*+%'.,*'15'.**,.$*()/'.)8'$1)L%,*()/H'21#'-#&*

*,.)&51,-' 21#,' &#$$%&&%&' ()*1' .**,.$*(1)' -./)%*&3' C+(&' 7,()/&' *+%

%)*(,%'1)0()%'-.,J%*()/'6,1$%&&'5#00'$(,$0%3
N%160%H'%&6%$(.002'&*,.)/%,&H'$,.L%'&1$(.0'6,1153'"1$(.0'6,115'(&'*+%
*+%1,2' *+.*' K%' .,%' -1,%' 0(J%02' *1' 81' &1-%*+()/' K+%)' K%' &%%' 1*+%,&
81()/' (*3' C+(&' .660(%&' %L%)'#&,.' K+%)' *+%' 1*+%,&' ()' 4#%&*(1)' .,%
&(-(0.,'*1'#&3'?%'15*%)'8%$(8%'K+.*'*1'81'U()$0#8()/'K+%*+%,'*1'7#2V
7.&%8' 1)' K+.*' 1*+%,&' .,%' 81()/3' C+(&' (&)I*' *+%' 1)02' 5.$*1,' ()' 1#,
8%$(&(1)'-.J()/H'7#*'(*'(&'.'-.Y1,'1)%3
"1$(.0'-%8(.'(&'7#(0*'1)'&1$(.0'6,1153':%$.#&%'15'*+(&H'&1$(.0'-%8(.
(&'.'/,%.*'K.2'*1'*,.)&51,-'6.&*'&#$$%&&%&'()*1')%K'.**%)*(1)'51,'21#,
$1-6.)23
C+%,%'.,%'*K1'6.,*&'*1'*,.)&51,-()/]
b 3'R@H' A)C&' ,@' ;@' )' -@@;' =@K>' E5' 21#,' &%,L($%' 1,' 6,18#$*' Y#&*
81%&)I*'8%0(L%,H'21#'.,%'1#*'15'0#$J3'[1#'$.)I*'*,.)&51,-'.'7.8
%R6%,(%)$%'()*1'.)'.**,.$*(1)'*1103'@%*I&'&.2'21#'&%00'.'70%)8%,
.)8' (*' 7,%.J&3' C+%' $#&*1-%,' *,(%&' *1' ,%*#,)' (*H' 7#*' 21#,
1L%,K1,J%8' %-6012%%' &.2&' 21#' Y#&*' 81)I*' *.J%' ,%*#,)&3' "1,,23
B)8' /118' 8.2X' C+(&' (&' )1*' .)' %R6%,(%)$%' 21#' K.)*' .-60(5(%83
=)'*+%'1*+%,'+.)8H'(5'21#'81'.'/,%.*'Y17H'(*'-.J%&'51,'*+%'6%,5%$*
&*1,23'=)%'15'1#,'$0(%)*&'(&'AdQ#(&()%3'$1-3'C+%2'&%00'6,%-(#81/' 5118' 1)0()%3' D1*+()/' *11' /0.-1,1#&H' 7#*' *+%(,' $#&*1-%,
&%,L($%'(&'.-.O()/3'C+%2'/1'.71L%'.)8'7%21)8'Y#&*'8%0(L%,()/
.)'1,8%,3'E5'.'$0(%)*'1,8%,&',%/#0.,'&+(66()/H'*+%2'#6/,.8%'(*'51,
)1'%R*,.'$+.,/%3'E5'.'$#&*1-%,'&.2&'+(&'81/'8(8)I*'0(J%'.'&6%$(5($
7,.)8H'*+%2'&K.6'(*'1#*'.)8'+%06'+(-'5()8'&1-%*+()/'*+.*'+(&'81/
K(00'0(J%3'C+%2I,%'-1,%'*+.)'Y#&*'.'81/'5118'&%00%,`'*+%2'7%$1-%
*,#&*%8'81/')#*,(*(1)'.8L(&1,&'K+1'$.,%'.71#*'21#,'51#,P0%//%8
5,(%)83
c 3'R@H'A)C&',@'H/&'S@H*'/H00&//',@'),,*)0,'B@*&'/H00&//>
C+(&'/1%&'7%21)8'Y#&*',%/#0.,'*%&*(-1)(.0&3'C+(&'()L10L%&'*%00()/
21#,'$#&*1-%,&I'2+&,8W*+%'&*1,2'15'K+.*'*+%2'.$+(%L%8'*+,1#/+
21#,' &%,L($%' 1,' 6,18#$*3' ?+%)'AdQ#(&()%3$1-' ,%$%(L%&' .)
%-.(0'*+.)J()/'*+%-'51,'+%06()/'T.$JH'*+%'01L%8'/108%)',%*,(%L%,H
&*.,*'%.*()/'./.()'.5*%,'.'01)/'(00)%&&H'*+%2'.&J'*+%'$#&*1-%,'(5
*+%2'$.)'&+.,%'*+%(,'&*1,2'K(*+'1*+%,&3'C+%'&*1,2'*+%)'-.J%&'(*&

K.2'1)*1'*+%(,'<.$%711J'6./%'.)8'()*1'*+%(,'*K%%*&3'"11)H'01*&
15' 6%160%' J)1K' .71#*' +1K'AdQ#(&()%3$1-' +%06%8' T.$J3' D%R*
*(-%' *+%2' *+()J' .71#*' <(81' )%%8()/' 81/' 5118H' *+%2' K(00' *+()J
.71#*' AdQ#(&()%3' $1-3' E5' *+%2' +.L%' .' /,%.*' %R6%,(%)$%H' *+%2
-.2'*%00'*+%(,'5,(%)8&3'C+%'$2$0%'$1)*()#%&3
C,.8(*(1).0'-.,J%*%,&'8(8)I*'K1,,2'.71#*'K+1'$1)*,100%8'*+%
-%&&./%3'=)0()%'-.,J%*%,&'*18.2'%)/./%'.)'%-61K%,%8
$#&*1-%,3' <1,' *+(&' ,%.&1)' E' .&J' -2' ]' $0(%)*&' *1' J%%6' *K1
6,()$(60%&'()'-()8'.*'.00'*(-%&]
]'F.J%'(*'%.&2'*1'7#23'C+(&'()L10L%&'*%00()/'*+%',(/+*'&*1,2H
%R61&()/'*+%',%.0']'7%)%5(*&H'.)8'-.J()/'21#,'&+166()/'$.,*
.'1)%P$0($J'.55.(,3'E*'+%06&'J%%6'21#']'51$#&%8'K+%)'21#'.,%
$,%.*()/'21#,'1)0()%'6,%&%)$%'.)8'5(/#,()/'1#*'+1K'21#'K(00']
$1)&*,#$*'21#,'-.,J%*()/'-%&&./%3
]' N($J' *.$*($&' 0.&*3' C+(&' %)&#,%&' *+.*' 21#' K1)I*' /%*
8(&*,.$*%8' 72' *+%' 0.*%&*' &+()2P17Y%$*' 5.8' 7%51,%' 21#' +.L%
21#,' %&&%)*(.0&' ()' 60.$%3' =)$%' 21#' 81H' 21#' $.)' 51$#&' 1)
6($J()/'*+%',(/+*'*.$*($&'*1',%.002'+%.,'21#,'$#&*1-%,&3
'
]'"*%6+.)(%'_(.-1)8H

)*+'&,$&B'?%7'F.,J%*()/'51,'"-.00':#&()%&&%&

9A),'?@&/'4@0%)$'(&;%)'()*+&,%#-'N)C&',@'?@':%,A'GA%/'4,&ID
;L%,2*+()/X' ?+%,%.&' &1$(.0' -%8(.' -.2' )1*' 7%' (8%.0' 51,' $1)L%,*()/
&*,.)/%,&' ()*1' $0(%)*&H' (*I&' .)' %R$%00%)*' 60.*51,-' 51,' &+.,()/' &*1,(%&3
"*1,(%&' %&*.70(&+' 21#,' %R6%,*(&%H' .**,.$*' 5,%&+' $1)&#-%,&H' .)8' %L%)
+%06'$1)L%,*'5.&*%,3
C+%'51001K()/'.,%'61&&(70%'*110&'51,'*,.)&51,-.*(1)3

^'C%&*(-1)(.0&'5,1-'$#&*1-%,&'.)8'$0(%)*&
^'Q.&%'&*#8(%&'*+.*'&+1K$.&%'+1K'.'$#&*1-%,'51#)8'.'&10#*(1)'*1
+(&'1,'+%,'6,170%-'U(8%.002'*+%'&10#*(1)'(&'21#,'&%,L($%'1,
6,18#$*V
^'M(8%1'()*%,L(%K&'K(*+'$0(%)*&
^'B#8(1'()*%,L(%K&'K(*+'$#&*1-%,&
^'N($*#,%&'15'&-(0()/'$0(%)*&'K(*+'21#,'6,18#$*&

BSBX'\%)'F1-%)*
"1$(.0'-%8(.'60.*51,-&'.,%'.'/,%.*'K.2'*1'&+1K$.&%'6.&*
.)8' 6,%&%)*' &#$$%&&' &*1,(%&3' :2' 0%**()/' *+%' $#&*1-%,&
&6%.J' 51,' *+%-&%0L%&H' 21#' $.)' 0%L%,./%' &1$(.0' 6,115' *1
.**,.$*'-1,%'6,1&6%$*&3'

"C&*C%&:'@E'"#$%#&'()*+&,%#-'G)0,%0/')#;'N@:
GA&S'3FG'T3,,*)0,U'F@#C&*,U'G*)#/E@*BV
C+%' 51001K()/' *.70%' 6,%&%)*&' &%L%,.0' 1)0()%' -.,J%*()/' -%*+18&' .)8
+1K' K%00' *+%2' .$$1-60(&+' %.$+' &*%6' 15' *+%' BQC' 6,1$%&&3' UD1*%]
"%.,$+'%)/()%'16*(-(O.*(1)'U";=V'()L10L%&'()$,%.&()/'*+%'*,.55($'*1'.
K%7&(*%'5,1-'&%.,$+'%)/()%&'72'$.#&()/'*+%'K%7&(*%'*1'.66%.,'+(/+%,
()'.'0(&*'15'&%.,$+',%&#0*&3'";='(&'8(&$#&&%8'()'-1,%'8%*.(0'()'Q+.6*%,
c3V

C+%')%*'$1-6,(&%&'.'/.O(00(1)'&60()*%,&H'-1&*'15'K+($+'.,%
7#&()%&&%&' *,2()/' *1' $0.(-' *+%(,' &61*3' "1' &1$(.0' -%8(.
81%&)I*' .-1#)*' *1' .' +(00' 15' 7%.)&' #)0%&&' K+.*' 21#I,%
6,1-1*()/' &*.)8&' 1#*' ()' *+.*' $,1K8%8' -.,J%*60.$%3
_(55%,%)*(.*(1)'(&'J%2H'.)8'*+.*'(&'K+2'(&+'"(/'$.)'/%*'.01)/
()' *+%' 0.)8' 15' &1$(.0' -%8(.' -.,J%*()/' K(*+1#*' .' $0%.,02
8%5()%8H' #)(4#%H' !+11J29' 155%,3' C+(&' (&' .$*#.002' *+%' -1&*
(-61,*.)*'6.,*'15'7,.)8()/W)1*'*+%'$0%L%,').-%'1,'&).662
*./0()%H'.&'-1&*'*+()J3'E)'5.$*H'K+%)'E'7,.)8'510J&H'*+%'7,.)8
(&'.88%8'0.&*'.)8').*#,.002'*#-70%&'1#*'15'*+%'!+11J29'155%,3
F2' ()*%)*(1)' ()' 7,.)8()/' 510J&' (&' .0K.2&' *1' %R*,.$*' K+.*' (&
*,#02'#)(4#%H'4#(,J2H'()*%,%&*()/H'.)8',%0%L.)*'.71#*'*+%-'.)8

*+%(,' 7#&()%&&%&' .)8' *+%)' ,100' *+.*' ()*1' *+%' 155%,' .)8
$1)&%4#%)*02'*+%'7,.)83'?+.*I&'+11J2'.71#*'21#Z
'
]'"#O.))%'<.0*%,P:.,)&H
G%*'A)1K)'D1K'34445H.+I(&4(J&457&#9

"#&W(%#H,&'"#$%#&'()*+&,%#-'4&0*&,
S.L%'21#'%L%,'+%.,8'15'6#**()/'&*,.*%/2'7%51,%'*.$*($&Z'B'&*,.*%/2'(&
.)' 1L%,.00' 60.)3' E*' (&' *+%' 7(/' 6($*#,%]'4')+')%%8&'*1'7%'.$$1-60(&+%8
. )8'4'85' C.$*($&H' ()' $1)*,.&*H' .88,%&&' *+%' 4'.(>$ 4'.,.>' . )8''&45
C.$*($&'.,%'*+%'K.2'21#'(-60%-%)*'21#,'&*,.*%/23
"*,.*%/2'&+1#08'.0K.2&'$1-%'7%51,%'*.$*($&3'S1K%L%,H'-1&*'6%160%
81()/'7#&()%&&'1)0()%'/1'.71#*'*+(&'7.$JK.,8&3'E'$.00'*+(&'*+%'!&+()2'*12
&2)8,1-%39' C+%2' &%%' *+%' )%R*' $110' )%*K1,J()/' &(*%' .)8' Y1()H' 1,
&1-%1)%'*%00&'*+%-'*+%2'+.L%'*1'+.L%'.'701/H'&1'*+%2'&*.,*'1)%'1)02'*1
.7.)81)'(*'.5*%,'.'-1)*+3'E'&%%'6%160%'$1)&*.)*02'$+.&()/'*+%')%R*'$110
*+()/' 1)0()%' K(*+1#*' ,%.002' J)1K()/' &6%$(5($.002' K+.*' *+%2' K.)*' *1
.$$1-60(&+3' C+%2' -.2' *+()JH' !E' K.)*' *1' -.J%' -1)%2H9' 7#*' 81)I*' /1
5#,*+%,'*+.)'*+.*3'B)8'-1&*'(-61,*.)*02H'7%$.#&%'*+%2'81)I*'J)1K'K+.*
*+%2'K.)*'*1'.$$1-60(&+H'*+%2'81)I*'J)1K'+1K'*1'-%.&#,%'*+%'&#$$%&&
15'*+%(,'*.$*($&3
B,%' 21#' *,2()/' *1' .**,.$*Z' Q1)L%,*Z' C,.)&51,-Z' =)$%' 21#' 8%$(8%
K+.*'21#,'/1.0'(&H'011J'.*'*+%'*.70%'.71L%'*1'5()8'.'*.$*($'*+.*'K(00'+%06
21#' .$+(%L%' (*3' C+%)' 21#I00' .0&1' J)1K' +1K' *1' -%.&#,%' 21#,' &#$$%&&3
<1,'%R.-60%H'(5'21#'1(&4'*+.*'*+%'.8'21#'.,%'/1()/'*1'6#*'1)'G11/0%'(&
-%.)*'*1'.**,.$*H'*+%)'21#'K(00'-%.&#,%'*+%')#-7%,'15'L(&(*1,&'*1'21#,
&(*%' *1' /.#/%' +1K' &#$$%&&5#0' 21#,' ()L%&*-%)*' K.&3' [1#' K1)I*' K.&*%
21#,'*(-%'7%()/'5,#&*,.*%8'*+.*'(*'8(8)I*'0%.8'*1'-1,%'8(,%$*'&.0%&3'E5'21#
K%,%'#&()/'.'*.$*($'*1'$1)L%,*H'21#'K1#08'$+%$J'*+%')#-7%,'15'6%160%
K+1'&#7&$,(7%8'*1'21#,')%K&0%**%,3'US()*]'C+%&%'&#7&$,(7%,&'K1#08'7%

$1)&(8%,%8'$1)&#-%,&X'>%-%-7%,]'Q1)&#-6*(1)'15'M.0#.70%'Q1)*%)*
e'C(-%'f'Q0(%)*3V
D1K' *+.*' 21#' +.L%' .' &10(8' #)8%,&*.)8()/' 15' +1K' &1$(.0' -%8(.' 5(*&
()*1' *+%' 7(//%,' &$+%-%' 15' *+()/&H' 0%*I&' *.J%' .' 4#($J' 011J' .*' +1K' *1
-.J%'*+%'-1&*'15'21#,'#0*(-.*%'$1)L%,&(1)'*110W21#,'K%7&(*%X

!
"#$%&'#%()*+,-%()./0)123
!"#$%&'&())*&)++,-$.&)%/0&#,1#&$%$210&3#04,-,4(4&#56&$7$2&#$526&)+
8#5(&,4&-5//$6&(#$&")2/68,6$&"$9::::&;)8&$7$%&<0&-5(&#54&,(4&)8%
351$:=
!"##$%#"&'(&

>?@A& "BCD'EB& 'D&F& "';G?"& ,%()& 0)H2& -)<35%0:& '+& $0$4& 52$& (#$
8,%6)8&()&5&3$24)%I4&4)H/.&5&8$94,($&,4&(#$&8,%6)8&()&5&-)<35%0I4
4)H/:& ?*50.& )*50.& 4)& %)8& 0)H& *%)8& 8#0& '& 5<& 4(,-*,%1& ()& 82,(,%1
%)%+,-(,)%:&J0&3),%(&,4&0)H2&8$94,($&,4&-2H-,5/:
D)-,5/& <$6,5.& 9/)11,%1.& 4$52-#& $%1,%$& )3(,<,K5(,)%.& 5%6
$<5,/& <52*$(,%1& 52$& 3)8$2+H/& 8504& )+& 6$7$/)3,%1& )%/,%$
/$564& +)2& <)4(& 9H4,%$44:& L)8$7$2.& ,(I4& 0)H2& -)<35%0I4
8$94,($&8#$2$&0)H2&32)43$-(&<5*$4&5&9H0,%1&6$-,4,)%&5%6
(#$& 45/$& 5-(H5//0& (5*$4& 3/5-$:& B5-#& 8$9351$& %$$64& ()
32)7,6$&32)43$-(4&8,(#&5&-)<3$//,%1&2$54)%&()&6)&9H4,%$44
8,(#& 0)H.& ,%-/H6,%1& -5//4& ()& 5-(,)%& (#5(& 1$%(/0& 6,2$-(& (#$<
6)8%&(#$&45/$4&+H%%$/.&1$((,%1&(#$<&()&!9H0&%)8=&)2&-)%(5-(
0)H:& "#,/$& 5%& H%32)+$44,)%5/& 8$94,($& 8,//& 6$25,/& (#$& 9$4(
8$9& <52*$(,%1& -5<35,1%.& 5& 8$//M6$4,1%$6& 4,($& ,4& 5
3)8$2+H/& -)%7$24,)%& ())/& (#5(& 8,//& -)%(,%H5//0& 6$/,7$2& #,1#M
NH5/,(0&/$564:
&
A,-#&C2))*4.
)*+,"-+&'$(.$.#/'+$&+0$1+-"2&30004.#/'+45"67

E#$&+)//)8,%1&52$&(#2$$&2$54)%4&0)H&18,'&#57$&5&8$94,($:

425136)78& '(I4& $O3$-($6P& Q5%& 0)H& ,<51,%$& 5& 9H4,%$44& (#5(

6)$4%I(&#57$&5&3#)%$&%H<9$2R&;)&($/$3#)%$R&L)8&STUU4P&;)
8$94,($R&L)8&SVVU4P
F4& 4)-,5/& <$6,5& 12)84& 5%6& -)<35%,$4& 92$5*& %$8& 12)H%6.
$7$%&5&8$94,($&<50&%)(&9$&$%)H1#:&"#5(&4(52(4&)H(&54&!5//&(#$
-))/&-)<35%,$4&52$&6),%1&,(=&4))%&(H2%4&,%()&4(5%6526&325-(,-$:&'
8)H/6%I(& 9$& 4H232,4$6& ,+& +H(H2$& -)%4H<$24& 1$(& +2H4(25($6
9$-5H4$&(#$0&6)%I(&+,%6&(#$&-)<35%0&(#$0&52$&(20,%1&()&2$5-#&)%
E8,(($2:&F4&-)<<H%,-5(,)%&-#5%%$/4&,%-2$54$.&4)&6)$4&)H2&/$7$/
)+&$O3$-(5(,)%:

425136)!8&'(I4&$++,-,$%(:&F&8$94,($&-5%&<H/(,3/0&(#$&%H<9$2&)+
3$)3/$&0)H2&9H4,%$44&-5%&,%+/H$%-$&$O3)%$%(,5//0:
W$(I4&450&0)H&4$//&52(&4H33/,$4&5(&5&9$5H(,+H/&4()2$:&L)8&<5%0
-H4()<$24&-5%&0)H&4$27$&5(&)%$&(,<$R&E8)R&E#2$$R&J509$&0)H
52$& 2$5//0& 1))6& 5%6& 0)H& -5%& 4$27$& +)H2& 5(& 5& (,<$:& L)8& <5%0
3$)3/$& -5%& 7,4,(& 0)H2& 8$94,($& 5(& )%-$R& LH%62$64.& (#)H45%64.
<509$& $7$%& #H%62$64& )+& (#)H45%64:& E#$0& -5%& 4$$& 0)H2
32)6H-(4.& <5*$& 3H2-#54$4.& 5%6& 4#52$& 0)H& 8,(#& +2,$%64
X,"18#'2&+(8,#/4
?%$&)+&(#$&(#,%14&'&32,6$&<04$/+&,%&,4&(#5(&8$&#57$&<56$&)H2
7,2(H5/& )++,-$4& 353$2/$44:& "$& 6)%I(& #57$& 92)-#H2$4& )2& 5%0
32,%($6& <52*$(,%1& <5($2,5/4& Y54,6$& +2)<& 9H4,%$44& -5264Z:& ?H2
8$94,($& -)%(5,%4& $7$20(#,%1& 5& 32)43$-(& <,1#(& 85%(& ()& *%)8
59)H(& H4:& '(& ,%-/H6$4& -54$& 4(H6,$4.& 52(,-/$4.& 9,)4& )+& ($5<
<$<9$24.& 5%6& $7$%& 7,6$)4P&F%6& 5//& )+& (#5(& ,4& 575,/59/$& [\]^.
8#$%$7$2&)H2&3)($%(,5/&-/,$%(4&<,1#(&%$$6&,(:
425136)98&'(&-)%7$2(4P&_$2#534&(#$&9,11$4(&2$54)%&()&#57$&5
8$94,($&,4&(#5(&,(&(5*$4&-52$&)+&(#$&!Q=&,%&)H2&FQE&9/H$32,%(:&F
8$94,($& -5%& -)%7$2(& 7,4,()24& (#5(& 0)H& 5((25-(& YH4,%1& 4)-,5/
<$6,5Z&,%()&-)%4H<$24&5%6&-H4()<$24:&>)H&-5%&5((25-(&5//&(#$
3$)3/$&0)H&85%(&)%&`5-$9))*.&E8,(($2.&5%6&W,%*$6'%:&CH(&,+&(#$0
6)%I(&-)%7$2(.&8#5(I4&(#$&3),%(R

":;)<,=>)"#$%&'#)?./@')A=%')*#)B,,0CD')E.%
',)*#)B>#.'F
>)H2&8$94,($&,4&(#$&)%/,%$&$NH,75/$%(&)+&0)H2&)+%-$X(#$&3/5-$&3$)3/$
1)&8#$%&(#$0&85%(&()&6)&9H4,%$44&8,(#&0)H:&'(I4&%)(&$%)H1#&()&#57$&aH4(
5%0& 8$94,($:& _$)3/$& $O3$-(& (#5(& 0)H2& 8$94,($& 8,//& <5(-#& (#$,2
3$2-$3(,)%&)+&0)H2&9H4,%$44:
W$(I4&450&0)H&<$$(&5&1H0&5(&5&352(0.&5%6&#$&,4&62$44$6&()&(#$&%,%$4:
L$&($//4&0)H&(#5(&#$&#$/34&9H4,%$44&)8%$24&(2,3/$&(#$,2&,%-)<$:&>)H&5/4)
#$52&+2)<&4)<$)%$&$/4$&(#5(&#$&,4&5&4H--$44+H/&9H4,%$44&-)%4H/(5%(:
>)H&-#5(&8,(#&#,<&+)2&5&+$8&<,%H($4.&5%6&0)H&52$&,<32$44$6P&E#,4&1H0
/))*4&/,*$&(#$&$3,()<$&)+&4H--$44:&E#$%.&#$&3H//4&)H(&5&9H4,%$44&-526
Y5/4)&+5%-0Z&5%6&,%7,($4&0)H&()&#,4&)++,-$:&>)H&(#,%*.&!J0&9H4,%$44&-)H/6
5/8504&H4$&<)2$&#$/3:&'(&-)H/6%I(&#H2(&()&7,4,(&8,(#&(#,4&1H0:=&D)&0)H&1)&()
#,4&)++,-$:
BO-$3(&#,4&)++,-$&,4&#526&()&+,%6:&>)H&62,7$&52)H%6&+)2&(#,2(0&<,%H($4&,%
-,2-/$4&9$+)2$&0)H&/)-5($&(#$&9H,/6,%1.&5%6&8#$%&0)H&+,%5//0&+,%6&,(.&,(I4
<)2$&/,*$&5&92)*$%M6)8%&852$#)H4$:&>)H&352*&0)H2&-52.&6)H9/$M-#$-*
(#$&/)-*4.&5%6&4/)8/0&<5*$&0)H2&850&,%:&E#$&)++,-$&,4&6$-2$3,(:&'(&,4&5
-)%1$4($6&/,((/$&2))<&8,(#&353$24&4(2$8%&5//&52)H%6.&5%6&()&()3&,(&)++.&,(
4<$//4&/,*$&-5(&/,(($2:
",//&0)H&4(,//&6)&9H4,%$44&8,(#&(#$&1H0R&>)H&<,1#(:&CH(&0)H&<50&5/4)
4$$&5&<5a)2&6,4-)%%$-(&,%&#,4&3H9/,-&3$24)%5&5%6&#,4&5-(H5/&9H4,%$44:
'+&0)H2&8$94,($&,4%I(&H3&()&352X$54,/0&+,%659/$&5%6&32)+$44,)%5/X(#,4&,4
(#$&45<$&6,4-)%%$-(&3$)3/$&52$&/,*$/0&()&+$$/&59)H(&0)H:
?H2& 8$9& ,4& %)(& (#$& 8$9& )+& (#$& SVVU4:& A$<$<9$2& 8#$%& 3$)3/$
5-(H5//0&!4H2+$6&(#$&,%($2%$(=R&'(&854&-)<<)%&5%6&<5%0&(,<$4&,(&854
/,4($6&54&5&#)990:&!'&/,*$&()&2$56.&(5*$&/)%1&85/*4&)%&(#$&9$5-#.&5%6&4H2+
(#$&,%($2%$(:=&DH2+,%1&,4&)7$2:&'(&854&$540&95-*&(#$%&9$-5H4$&(#$2$&8$2$
+$8$2& 8$94,($4:& E)650.& (#$2$& 52$& (2,//,)%4& )+& 8$9& 4,($4.& 5%6& 3$)3/$
#57$&5&/)(&/$44&35(,$%-$&+)2&956&)%$4:&E#,%*&59)H(&,(b&#)8&/)%1&6)&0)H

/))*&5(&5&8$94,($&0)H&52$&H%4H2$&59)H(&9$+)2$&0)H&#,(&(#$&95-*&9H(()%R
F--)26,%1&()&Q5%56,5%&2$4$52-#$24.&8$9&H4$24&+)2<&+,24(&,<32$44,)%4
)+&8$9351$4&,%&54&/,((/$&54&+,+(0&<,//,4$-)%64&YS][U(#&)+&5&4$-)%6Z:&'%&(#$
9/,%*&)+&5%&$0$.&8$&6$-,6$&,+&8$&8,//&*$$3&/))*,%1&)2&1)&95-*:&E#,4&,4
8#0& 1))6& $%)H1#& ,4%I(& 1))6& $%)H1#& 5%0<)2$:& >)H& #57$& ()& #57$& 5
12$5(&8$94,($:

"#$%&'#)G77H2I1
E)&9$&12$5(.&0)H2&8$94,($&<H4(&6)&(#2$$&(#,%14&4,<H/(5%$)H4/0:&'(&<H4(
B6H-5($.& J52*$(.& 5%6& D$//& YBJDZ:& "#$%$7$2& '& #$52& (#5(& 4)<$)%$I4
8$94,($&,4%I(&6),%1&8#5(&,(&%$$64&().&'&5/8504&+,%6&,(&/5-*,%1&,%&)%$&)+
(#$4$&(#2$$&52$54:&F%6&BJD&,4&$44$%(,5/&8#$%&,(&-)<$4&()&-)%7$24,)%:
'<51,%$&(#5(&5//&(#$&7,4,()24&()&0)H2&8$94,($&52$&6)(4&)%&5&4-5/$&+2)<
S&()&SU:&F(&SU.&5&7,4,()2&9$-)<$4&5&-/,$%(&)2&-H4()<$2X(#$&H/(,<5($
1)5/:& ;)8.& ,<51,%$& 5& 8#)/$& 9H%-#& )+& 6)(4& 4-5(($2$6& )%& (#5(& 4-5/$:
D)<$&52$&5(&S.&4)<$&52$&5(&c.&5%6&4)<$&52$&5(&V:
E#$& )%$4& 5(& S& 52$& aH4(& 9$,%1& ,%(2)6H-$6& ()& 0)H2& 925%6:& E#$0& aH4(
#$526& 59)H(& 0)H& 5%6& #57$& /5%6$6& )%& 0)H2& 8$94,($& +)2& (#$& +,24(& (,<$:
E#$0&%$$6&()&9$&$6H-5($6&59)H(&#)8&0)H&8)2*&9$+)2$&(#$0&8,//&9H0:
Y;)($b&E#$&9,11$2&5&45/$.&(#$&/)%1$2&(#$&$6H-5(,)%&32)-$44&<50&%$$6
()&9$:&>)H&6)%I(&(#,%*&())&#526&9$+)2$&43$%6,%1&d[U&)%&5&9))*.&9H(&0)H
<50&%$$6&<)2$&(,<$&8#$%&0)HI2$&9H0,%1&5&d[U.UUU&-52:Z
E#$&3$)3/$&5(&c&5/2$560&*%)8&0)H:&E#$0&<50&$7$%&(2H4(&0)H:&E#$0
aH4(& %$$6& ()& 9$& %H2(H2$6& +)2& 5& 8#,/$& /)%1$2:& E#$0& <50& %$$6& <)2$
$6H-5(,)%.& )2& (#$0& <50& %$$6& <)2$& <52*$(,%1X)2& (#$0& <50& aH4(& 9$
85,(,%1&+)2&(#$&2,1#(&(,<$:&'+&0)H&52$&(#$2$&8#$%&(#$&(,<$&,4&2,1#(.&(#$&c4
52$&/,*$/0&()&9H0:&W$(I4&450&0)H&4$//&L5//)8$$%&-)4(H<$4:&'&<50&%)(&9H0
H%(,/&L5//)8$$%&-)<$4&52)H%6.&H%/$44&5%)(#$2&$7$%(&-)<$4&5/)%1&+)2
8#,-#&'&%$$6&5&-)4(H<$:&CH(&8#$%&'&6)&+$$/&(#$&%$$6.&,(I4&,<3)2(5%(&(#5(
0)H&52$&5/2$560&3)4,(,)%$6&54&5&4)/H(,)%:
E#$& V4& <50& 9$& 2$560& ()& 9H0& 9H(& aH4(& %$$6& (#$& 2,1#(& ,%-$%(,7$:

_$2#534& 5& +,%5/& 2$<,%6$2R& F& /54(& NH$4(,)%& 5%48$2$6R& F& 6,4-)H%(R
"#5($7$2&,(&,4.&0)H2&8$94,($&%$$64&()&32)7,6$&,(&()&<5*$&(#$&45/$:
J0&1)5/&#$2$&,4&()&4#)8&0)H&(#5(&$7$20)%$&8#)&7,4,(4&0)H2&8$94,($
8,//& 9$& 5(& 5& 6,++$2$%(& 3),%(& )%& (#5(& ,<51,%520& 4-5/$:& >)H2&8$94,($X
(#2)H1#&B6H-5(,%1.&J52*$(,%1.&5%6&D$//,%1X#54&()&<)7$&5//&(#$&7,4,()24
8#)&52$&5%&,6$5/&+,(&()&SU:
W$(I4&(5*$&5&/))*&5(&8#,-#&$/$<$%(4&5//)8&5&8$94,($&()&4$27$&54&(#$
H/(,<5($&<52*$(,%1&())/:

J&K#)2+#L#/'%),M).)B>#.')"#$%&'#
F& 12$5(& 8$94,($& #54& ,<3$--59/$& 6$4,1%.& 4(2H-(H2$.& -)%($%(.
)3(,<,K5(,)%.&5%6&<5,%($%5%-$:

N21DB68&W))*4&<5(($2:&D)&<H-#&4)&(#5(&4-,$%(,4(4&#57$&5&($2<
+)2& (#$& 850& /))*4& 5++$-(& H4b& (#$& #5/)& $++$-(:& E#$& #5/)& $++$-(
)--H24&8#$%&8$&(#,%*&4)<$(#,%1&/))*4&1))6&)%&(#$&4H2+5-$&5%6
4)&8$&92)56$%&(#$&4-)3$&)+&(#5(&3)4,(,7$&aH61<$%(&()&,%-/H6$
-#525-($2,4(,-4& )(#$2& (#5%& )H(8526& 533$525%-$:& '+& 4)<$)%$& ,4
1))6& /))*,%1.& 8$& ,%+$2& (#5(& #$& )2& 4#$& <H4(& 5/4)& #57$& 5& 1))6
6,43)4,(,)%:&E#$&45<$&-)%-$3(&533/,$4&()&8$94,($4:&'+&5&8$94,($
/))*4&1))6.&8$&544H<$&(#5(&(#$&-)<35%0&9$#,%6&,(&<H4(&5/4)
6)& 1))6& 8)2*:& `,24(& ,<32$44,)%4& -)H%(:& B43$-,5//0& )%/,%$.
8#$2$&5&7,4,()2&6)$4%I(&#57$&<H-#&()&1)&90&$O-$3(&0)H2&8$94,($:
1O4P?OP428& B7$2& 7,4,($6& 5& 8$94,($& 5%6& 8$2$& -)%+H4$6
59)H(& 8#$2$& 0)H& 4#)H/6& 1)R& E))& <5%0& -#),-$4& 9)11/$& (#$
<,%6:&F%6&8#$%&)H2&<,%6&,4&9)11/$6.&,(&,4&$54,$2&()&450&%)&(#5%
0$4:& E#$& 850& 0)H& 4(2H-(H2$& 0)H2& 8$94,($& %57,15(,)%& ,4& -2H-,5/:
E#$& 4(2H-(H2$& <H4(& 1H,6$& 7,4,()24& (#2)H1#& 0)H2& 8$94,($& 5%6
#5%6#)/6&(#$<&Y7,2(H5//0Z&,%()&(5*,%1&5-(,)%:&F%6&,(&<H4(&6)&(#,4
+)2&7,4,()24&5(&$7$20&/$7$/X(#)4$&8#)&<50&9$&2$560&()&9H0&%)8
5%6&(#)4$&8#)&52$&+,24(M(,<$&7,4,()24:

?36O26O8& Q)%($%(& ,4& *,%1:& '(& ,4& (#$& #$52(& )+& $7$20& 1))6
8$94,($&5%6&4$27$4&<H/(,3/$&3H23)4$4:&E#$&+,24(&3H23)4$&,4&()

$6H-5($&32)43$-(4&5%6&9H,/6&$O3$2(,4$:&E#,4&,4&8#0&9/)14&52$&4)
#$25/6$6:&F& 8$//M82,(($%& 9/)1& -5%& #$/3& 0)H& 4(5%6& )H(& +2)<& (#$
-)<3$(,(,)%& 5%6& $6H-5($& 0)H2& 32)43$-(4:& Y'& (5/*& <)2$& 59)H(
9/)14&/5($2&,%&(#$&-#53($2:Z
>)H&-5%&32)7,6$&-)%($%(&,%&4$7$25/&+)2<4b&82,(($%&Y9/)14&5%6
52(,-/$4Z.& 5H6,)& Y3)6-54(4Z.& 5%6& 7,4H5/& Y7,6$)Z:& "5%(& ()& 2$5//0
*,-*&,(&H3&5&%)(-#R&_2)7,6$&-)%($%(&,%&5//&(#2$$&+)2<4:&E#,4&,4&%)(
)7$2*,//e&,(I4&59)H(&533$5/,%1&()&(#$&752,)H4&/$52%,%1&32$+$2$%-$4
)+&5&3)($%(,5/&7,4,()2:&'%&(#,4&650&5%6&51$.&-#),-$4&2H/$:&f,7$&0)H2
7,4,()24&5&-#),-$.&5%6&(#$0&52$&<H-#&<)2$&/,*$/0&()&-#))4$&0)H:
Q)%($%(& 9$-)<$4& $43$-,5//0& ,<3)2(5%(& ,+& 0)H& 52$& ,%& (#$
32)+$44,)%5/&4$27,-$4&,%6H4(20&)2&5%0&9H4,%$44M()M9H4,%$44&+,$/6
,%&8#,-#&$O3$2(,4$&3/504&5&*$0&2)/$:&Q)%($%(&,4&5/4)&(#$&/,+$9/))6
)+&4$52-#&$%1,%$4:&E#,%*&59)H(&,(b&4$52-#&$%1,%$4&52$&/))*,%1&()
4$27$&(#$,2&-H4()<$24&8,(#&1))6&4$52-#&2$4H/(4:&E#$0&-)%4(5%(/0
#57$& ()& 4$3525($& (#$& 8#$5(& +2)<& (#$& -#5++:& E#$0& #57$& ()
6,++$2$%(,5($& 435<& 4,($4& Y8$94,($4& 4$(& H3& 43$-,+,-5//0& +)2& (#$
3H23)4$&)+&435<<,%1&3$)3/$X(#,%*&g,5125&$<5,/4Z&+2)<&2$5/.
8#)/$4)<$&8$94,($4&Y/,*$&0)H24PZ:&?%$&)+&(#$&8504&(#$0&6)&(#,4
,4& 90& /))*,%1& +)2& -)%($%(:& E#$& <)2$& +2$4#& -)%($%(& 0)H& 32)7,6$
4$52-#& $%1,%$4& /,*$& f))1/$& ()& 6$/,7$2& ()& (#$,2& -H4()<$24.& (#$
<)2$&(#$&4$52-#&$%1,%$4&2$8526&0)H:

3QODIDR5OD368& ?3(,<,K5(,)%& #54& (8)& <$5%,%14& #$2$:& ?%$.

0)H2&8$94,($&#54&()&9$&)3(,<,K$6&,%($2%5//0:&F&8$94,($&<50&/))*
9$5H(,+H/& +2)<& (#$& )H(4,6$.& 9H(& ,+& (#$& ,%4,6$& ,4& 3))2/0& 9H,/(.
-#5%-$4&52$&,(&8,//&4(52(&()&4#)8:&`)2&$O5<3/$.&,+&,(&,4%I(&-)6$6
-)22$-(/0.& ,(& -5%& /))*& )66& ,%& -$2(5,%& 92)84$24& $7$%& (#)H1#& ,(
/))*4& +,%$& ,%& )(#$24:& E#$& ")2/6& ",6$& "$9& Q)%4)2(,H<& #54& 5
())/&(#5(&5//)84&0)H&()&<5*$&4H2$&0)H2&8$94,($&,4&8$//&-)6$6:
E#$& ())/& -5%& 9$& +)H%6& 5(&a,14588h:)21]-44M75/,65()2:& >)H& aH4(
3H(&,%&0)H2&8$94,($&5662$44.&5%6&,(&8,//&($//&0)H&8#5(.&,+&5%0(#,%1.
%$$64&2$35,2:&E#$&4$-)%6&(03$&)+&)3(,<,K5(,)%&2$/5($4&()&4$52-#
$%1,%$4&5%6&<5*,%1&4H2$&(#5(&4$52-#&$%1,%$4&-5%&!2$56=&0)H2
8$94,($:& E#,4& ,4& -5//$6& 4$52-#& $%1,%$& )3(,<,K5(,)%.& 5%6& ,(& ,4
6,4-H44$6&,%&6$(5,/&/5($2&,%&(#$&-#53($2:

I5D6O2656?28& E#$& 8$94,($& )+& ()650& ,%& <5%0& 8504& ,4& 5

/,7,%1.&92$5(#,%1&(#,%1:&'%&(#$&354(.&0)H&-)H/6&-2$5($&5&8$94,($
5%6&4,(&95-*:&E)650.&0)H&-5%I(:&_544,7$/0&*$$3,%1&5&8$94,($&,4
5/<)4(&5*,%&()&)3$%,%1&5&4()2$.&4()-*,%1&(#$&4#$/7$4.&5%6&(#$%
6),%1&%)(#,%1:&>)H&6)%I(&#57$&()&2$M-2$5($&(#$&4()2$&$7$20&650
)2& $7$%& $7$20& 0$52.& 9H(& 0)H& 6)& %$$6& ()& (51& 32)6H-(4.& <)7$
,($<4&52)H%6.&-#5%1$&6,43/504.&5%6&4)&)%:&>)H2&8$94,($&,4&(#$
45<$& 850:& ?%-$& 0)H& #57$& (#$& 6$4,1%& 5%6& 4(2H-(H2$& ,%& 3/5-$.
0)H&6)%I(&#57$&()&*$$3&-#5%1,%1&,(:&L)8$7$2.&0)H&6)&%$$6&()
<5,%(5,%&,(&90&566,%1&-)%($%(:

FLFP&i$%&J)<$%(
C/)11,%1& -5%& 9$& 5& 12$5(& 5((25-(,%1&2&-& -)%7$2(,%1& ())/P
_$)3/$&-5%&+,%6&0)H2&3)4(4&5((25-(,7$&5%6&4H94-2,9$&()&0)H2
9/)1.&9$-)<,%1&,%4(5%(&-)%4H<$24:&?7$2&(,<$.&(#$0&-5%&9$
-)%7$2($6&,%()&-H4()<$24:&

F&9/)1&,4&5%&,%4(5%(/0&5%6&$54,/0&H365(59/$&8$94,($:&F&9/)1
,4& (#$& #H9& )+& 0)H2& 4)-,5/& <$6,5& 4(25($10.& $%59/,%1& 0)H& ()
12)8&0)H2&)%/,%$&32$4$%-$&54&4)-,5/&<$6,5&(2$%64&-#5%1$
5%6&$7)/7$:
&
F%60&",99$/4.

28'9(*$(.&C/)1",/6P&F&fH,6$&+)2&D<5//&CH4,%$44&C/)11,%1

*+,--&/-

F//&9/)14&52$&8$94,($4X(#$0&$O,4(&)%&(#$&8$9.&5%6&52$&2$5-#$6&H4,%1
5& 8$9& 5662$44X9H(& %)(& 5//& 8$94,($4& 52$& 9/)14:& C/)14& #57$& (#$4$
$/$<$%(4&,%&-)<<)%b
j&Q)%($%(&,4&2$1H/52/0&H365($6:&D$52-#&$%1,%$4&/)7$&(#,4P
j&Q)%($%(&,4&1$%$25//0&92)*$%&6)8%&,%()&!3)4(4=&Y5*,%&()&52(,-/$4Z:
j& _)4(4& 52$& 32$4$%($6& ,%& 5& 2$7$24$& -#2)%)/)1,-5/& )26$2& Y%$8$4(
+,24(Z:
j& A$56$24& -5%& /$57$& -)<<$%(4:& E#,4& ,4& $O-$//$%(& +)2& ,%($25-(,%1
5%6&9H,/6,%1&5&+5%&954$:
j&Q)%($%(&,4&40%6,-5($6&Y3H9/,4#$6&,%&<H/(,3/$&3/5-$4&5(&(#$&45<$
(,<$Z& 7,5& 5%& ADD& YA$5//0& D,<3/$& D0%6,-5(,)%Z& +$$6.& 5//)8,%1
3$)3/$&()&4H94-2,9$&()&0)H2&9/)1:&B7$20&9/)1&#54&,(4&)8%&H%,NH$
ADD&+$$6:&F%0)%$&-5%&4H94-2,9$&()&0)H2&9/)1I4&ADD&+$$6&5%6
2$56&,(&H4,%1&5&!+$$6&2$56$2=&)2&5&!+$$6&5112$15()2:=&E#$2$&52$
/)(4& )+& 6,++$2$%(& +$$6& 2$56$24& )H(& (#$2$:& J0& +57)2,($& ,4& f))1/$
A$56$2.&8#,-#&-5%&9$&+)H%6&5(&888:1))1/$:-)<]2$56$2:

FLFP&i$%&J)<$%(
ADD&+$$64&-5%&5//)8&0)H&()&6,4(2,9H($&(#$&45<$&-)%($%(&()
<)2$& (#5%& )%$& /)-5(,)%:& >)H& -5%& #57$& 8,6$& 7,4,9,/,(0& 5%6
15,%&$O3)4H2$&90&6,4(2,9H(,%1&(#$&45<$&-)%($%(&4(25($1,-5//0
()&<H/(,3/$&4)-,5/&%$(8)2*4:&

O:#)I&++&,/HN,++.>)S=#%'&,/8)N,)D)6##0).)*+,-T
>)H&6)%I(&%$$6&5&9/)1.&9H(&0)H&6)&%$$6&+2$4#&-)%($%(&)%&5%&)%1),%1
954,4:&E#$&9$4(&3/5-$&()&3H(&(#,4&-)%($%(&,4&,%&5&9/)1:&Q5%&0)H&-#))4$
()&aH4(&3)4(&(#,4&,%+)2<5(,)%&)%&5&8$9351$R&>$4.&9H(&,(&,4%I(&%$52/0&54

$++,-,$%(&9$-5H4$&2$56$24&-5%I(&4H94-2,9$.&5%6&0)H&-5%I(&*$$3&H3&8,(#
0)H2&-)%4H<$24&()&(H2%&(#$<&,%()&-/,$%(4:

*+,-%&'#%
>)H&-5%&566&5&9/)1&()&5%&$O,4(,%1&8$94,($.&9H(&0)H&-5%&5/4)&9H,/6&5
8$94,($& 52)H%6& 5& 9/)1:& '& 5<& 5& #H1$& +5%& )+& #092,6& 8$94,($4.& )2
9/)14,($4.& 8#$2$& (#$& $%(,2$& 8$94,($& ,4& 9H,/(& )%& 5& 9/)11,%1& 3/5(+)2<:
E#$2$&52$&<5%0&9/)1&3H9/,4#,%1&3/5(+)2<4&)H(&(#$2$.&9H(&(#$&)%$&'&H4$&,4
")26_2$44:& '(& ,4& (#$& <)4(& 2)9H4(& 3/5(+)2<.& 5%6& <5%0& 9H4,%$44
8$94,($4&52$&%)8&H4,%1&,(&54&5&-)%($%(&<5%51$<$%(&404($<&YQJDZ:&F
QJD&5//)84&0)H&()&<5%51$&0)H2&$%(,2$&8$94,($&/,*$&0)H&8)H/6&5&9/)1:
>)H&1$(&5%&56<,%&-)%4)/$&+2)<&8#,-#&0)H&-5%&$6,(&0)H2&4,($.&5//)8,%1
0)H&()&<5,%(5,%&0)H2&8$94,($&5%6&<5*$&2$1H/52&-#5%1$4&8,(#)H(&<H-#
($-#%,-5/& *%)8/$61$:& '+& 0)H& 6)%I(& #57$& 5& ($-#%,-5/& 95-*12)H%6& )2& 5
8$9<54($2&8#)&-5%&<5*$&0)H2&H365($4.&0)H&4#)H/6&-)%4,6$2&1$((,%1&5
-)%($%(&<5%51$<$%(&404($<:
'&4(52($6&<0&9/)1&+)H2&0$524&51)&5%6&5/8504&#56&,(&4$3525($
+2)<&<0&9H4,%$44&8$94,($:&A,1#(&9$+)2$&<0&9))*&/5H%-#$6
(#,4& 0$52.& '& 6$-,6$6& ()& <)7$& ()& 5%& ,%($125($6& !9/)14,($=
3/5(+)2<&)%&")26_2$44&+)2&(#$&+)//)8,%1&2$54)%4b
j&2MM,>')./0)>#%,=>U#%V&'(&854&(5*,%1&())&<H-#&(,<$&()
H365($& 9)(#& 5& 9/)1& 5%6& 8$94,($& 8,(#& 2$/$75%(
,%+)2<5(,)%:&F%6&8,(#)H(&-#5%1,%1&,%+)2<5(,)%&)%&(#$
8$94,($.&8#0&8)H/6&3$)3/$&-)<$&95-*&5+($2&5%&,%,(,5/
7,4,(R& C0& #57,%1& 5%& ,%($125($6& 4,($.& 3$)3/$& -)<$
95-*&)7$2&5%6&)7$2&()&2$56&%$8&-)%($%(:
j&123V&'&2$5/,K$6&(#5(&'&854&%)(&9$,%1&$++,-,$%(&90&62,7,%1
3$)3/$& ()& (8)& 4,($4:& b& '(& 9$-5<$& -)%+H4,%1& ()& *%)8
8#,-#& /,%*& ()& 32)7,6$& 8#$%& 4#52,%1& <0& 9,).& b& 5%6& '
854&6,/H(,%1&(#$&DB?&+)2&9)(#&4,($4:&;)8&$7$20&2)56

/$564& ()& )%$& 4,($.& 8#,-#& #54& ,%-2$54$6& (25++,-& 5%6

f))1/$&25%*,%1:
j&?+&#/')U,/K#>%&,/V&'&#56&<5%0&3$)3/$&7,4,(&<0&9/)1
8#)&/)7$6&<0&3)4(4&9H(&8#)&6,6&%)(&#57$&5&-)<3/$($
3,-(H2$&)+&8#5(&'&6,6&32)+$44,)%5//0:&J5%0&6,6&%)(&-/,-*
(#$&/,%*&,%&<0&!F9)H(=&4$-(,)%&()&<0&<5,%&8$94,($&()
+,%6& )H(& 59)H(& <0& 32)6H-(4& 5%6& 4$27,-$4:& D,%-$
-)%7$2(,%1&()&)%$&4,($.&'&#57$&#56&5&(8)+)/6&,%-2$54$
,%&,%6,7,6H5/&-)5-#,%1&-/,$%(4.&54&8$//&54&4(2)%1&45/$4
,%&<0&/,7$&8)2*4#)34&5%6&<$<9$24#,3&4,($:
_5<$/5&D/,<.&

:8'9(*$(.$;,<2)+$.*(1$%85"<#+$=2'"(&

1#.>U:)2/-&/#)3W'&L&X.'&,/)Y123Z
J0&1))6&9H660&5%6&-)//$51H$.&D($7$&"$4(.&+2)<&_2)+,(4&)%&(#$&"$9&,4
)%$&)+&(#$&4<52($4(&1H04&'&*%)8&8#$%&,(&-)<$4&()&DB?:&;)(&)%/0&(#5(.
#$&$O3/5,%4&,(&,%&4H-#&5&%$5(&850&(#5(&'&54*$6&#,<&()&85/*&H4&(#2)H1#&(#$
)3(,<,K5(,)%&32)-$44&H4,%1&5&+,-(,)%5/&4,($:
")26_2$44&,4&(#$&H/(,<5($&3H9/,4#,%1&3/5(+)2<&9$-5H4$&,(I4
$540& ()& H4$.& ,(I4& %)(& )7$2/0& -)<3/,-5($6.& 5%6& ,(I4& ,%+,%,($/0
+/$O,9/$:&DH2$.&,(I4&12$5(&+)2&9/)14.&5%6&(#5(&,4&,(4&+)2($.&9H(&,(I4
5/4)& 12$5(& +)2& %)%M9/)1& 8$94,($4& 5%6& $7$%& $-)<<$2-$
4,($4:& C$-5H4$& )+& 3/H1M,%4& 5%6& (#$<$4& Y$43$-,5//0
L$56850.& 8#,-#& ,%-/H6$4& 7,4H5/& 9/)1& 6$4,1%& ())/4Z.
")26_2$44&-5%&9$&$O($%6$6&,%()&5%0(#,%1&0)H&-5%&,<51,%$:
b& Q2$5(,%1& 5%6& 3H9/,4#,%1& -)%($%(& ,%& ")26_2$44& 2$5//0& ,4
59)H(&54&$540&54&82,(,%1&5%&$<5,/.&)%/0&,%4($56&)+&-/,-*,%1
!D$%6.=&0)H&-/,-*&!_H9/,4#:=&E#5(I4&4H-#&5&45(,4+0,%1&9H(()%&()
-/,-*& )%.& ()).& 9$-5H4$& 8#$%$7$2& 0)H& 6)& ,(.& 0)H& *%)8& (#5(

#H%62$64& )2& $7$%& (#)H45%64& )+& 3$)3/$& 52$& 1),%1& ()& 2$56
8#5(&0)H&82)($:
&
J,-#5$/&J52(,%$.

>+12*?25#(@@+*$3*+12*?25#(@@+*4<(17
D$52-#&$%1,%$4&3)4$&)%$&)+&(#$&9,11$4(&-#5//$%1$4&()&8$94,($&)8%$24
5%6& 8$9<54($24:& ?3(,<,K,%1& 0)H2& 8$94,($& 4)& (#5(& ,(& ,4& /)11$6& 90
4$52-#&$%1,%$4&,%&5&850&(#5(I4&<)4(&9$%$+,-,5/&()&0)H&,4&<H-#&<)2$
(#5%& 566,%1& 5& +$8& *$08)264& ,%& 5& <$(5& (51:& D$52-#& $%1,%$4& 6)& %)(
5-(H5//0&4$$&)2&2$56&8$9351$4:&E#$0&4$$&,%6,7,6H5/&-#525-($24&Y/$(($24.
%H<9$24.& $(-:Z& 5%6& -#525-($2& -)<9,%5(,)%4& Y8)264.& 3#254$4.& $(-:Z:
"#$%& 5& 4$52-#& ,4& 3$2+)2<$6.& (#$& 4$52-#& $%1,%$& -)<352$4& 5& NH$20
Y(#$& 4$52-#& 3#254$Z& ()& 752,)H4& 4$1<$%(4& )+& 5& 8$9351$.& ,%-/H6,%1
($O(H5/& -)%($%(.& ,<51$& 5/(& (514.& <$(5& (514.& 5%6& )(#$2& +5-()24:& _2)3$2
4$52-#& $%1,%$& )3(,<,K5(,)%.& )2& DB?.& 32$4$%(4& 5& 8$9351$& ()& (#$
4$52-#&$%1,%$&8,(#&$<3#54,4&)%&43$-,+,-&-)<9,%5(,)%4&)+&-#525-($24:
C$-5H4$&8$9351$4&%H<9$2&,%&(#$&9,//,)%4.&,(&(5*$4&5&/)(&)+&8)2*&5%6
5& 4)/,6& 4(25($10& ()& 1$(& 0)H2& #)<$& 351$& %$52& (#$& ()3& )+& ,(4& 2$/$75%(
4$52-#&2$4H/(4:&_/$54$&<5*$&%)($&(#5(&*+#+A2&</&,%&5//&(#,%14.&59)7$&5//
$/4$.&8,%4&(#$&4$52-#&$%1,%$&25%*,%1&15<$b&(#$&<)2$&2$/$75%(&5&4$52-#
$%1,%$&(#,%*4&(#$&-)%($%(&)+&0)H2&8$94,($&,4&()&5&7,4,()2I4&4$52-#.&(#$
-/)4$2&()&(#$&()3&)+&(#$&2$4H/(4&(#5(&4$52-#&$%1,%$&8,//&3/5-$&0)H2&4,($:
",(#&(#5(&,%&<,%6.&/$(&H4&9$1,%&(#$&32)-$44:&"$I//&H4$&5&8$94,($&+)2&5
+,-(,)%5/&6$%(,4(&54&5%&$O5<3/$:

1'#W)78)O.>-#')<,=>)D/'#/0#0)I.>[#'V
"#5(&6)$4&(#,4&#57$&()&6)&8,(#&DB?R&B7$20(#,%1P
"2,($&5&6$4-2,3(,)%&)+&(#$&*,%6&)+&3$24)%&0)H&8)H/6&<)4(&/,*$&()&7,4,(
0)H2&4,($:

BkFJ_WBb& _52$%(4& 8,(#& 4-#))/M51$& -#,/62$%:& E#$& +5<,/,$4

4#)H/6& 325-(,-$& 32)3$2& 6$%(5/& #01,$%$& 5%6& 9$/,$7$& 2$1H/52
6$%(5/&<5,%($%5%-$&5%6&-#$-*H34&52$&,<3)2(5%(:& E#$0& 4#)H/6
/,7$&,%&<,66/$M&()&H33$2M-/544&%$,1#9)2#))64&8,(#&5&#)H4$#)/6
,%-)<$&,%&(#$&d^U.UUU&()&dScU.UUU&25%1$:
E#,4& 92,$+& 6$4-2,3(,)%& 8,//& #$/3& 6$+,%$& #)8& 0)H2& 8$94,($& 4#)H/6
-)<<H%,-5($&()&0)H2&7,4,()2:&'(&4#)H/6&9$&)97,)H4&+2)<&(#$&6$%(,4(I4&4,($
(#5(&(#$&-/,$%($/$&#$&8,4#$4&()&5((25-(&-5%&5++)26.&5%6&,4&8,//,%1&()&350
+)2.&2$1H/52&6$%(5/&-52$:&E#,4&<,1#(&4$$<&4$/+M$7,6$%(&5%6&H%2$/5($6&()
DB?:&L)8$7$2.&,(&,4&5<5K,%1&#)8&<5%0&(,<$4&5&6$%(,4(&/))*,%1&+)2&(#,4
(03$& )+& -/,$%(& 8,//& 25%*& 8$//& ,%& 43$-,5/,K$6& 6$%(,4(20& 4$52-#$4& /,*$
!)2(#)6)%(,4(4=& )2& !)25/& 4H21$)%4=& 0$(& -5%%)(& 9$& +)H%6& 90& +5<,/,$4
4$52-#,%1&+)2&!+5<,/0&6$%(,4(4:=
F& 4$52-#& +)2& !+5<,/0& 6$%(,4(20=& +)H%6& SU:[& <,//,)%& 8$9351$4:& F
4$52-#&+)2&!+5<,/0&6$%(,4(4=&+)H%6&Sl:S&<,//,)%&8$9351$4:&D,1%,+,-5%(/0.
(#$& ()3& ($%& 4,($4& 8$2$& 6,++$2$%(& ,%& (#$4$& (8)& 4$52-#$4:& E#$& 57$251$
,%($2%$(&H4$2&8,//&-)%4,6$2&(#$4$&4$52-#$4&()&9$&(#$&45<$&5%6&8,//&5/4)
+,%6& (#5(& (#$& 8$94,($4& (#$0& 2$-$,7$& -)%(5,%& 7$20& 4,<,/52& -)%($%(:
L)8$7$2.&(#$&4$52-#&$%1,%$&-/$52/0&!458=&#H1$&6,++$2$%-$4&,%&(#$&(8)
4$52-#$4.&9$-5H4$&,(&2$(H2%$6&6,++$2$%(&2$4H/(4:
",(#&(#,4&*%)8/$61$.&5%6&5&6$4-2,3(,)%&)+&(#$&6$4,2$6&4,($&7,4,()2.&8$
52$&2$560&+)2&(#$&%$O(&4($3:

1'#W)!8)O.>-#')<,=>)1#.>U:)Q:>.%#%V
E#,4&4($3&4$$<4&4,<3/$&9H(&-5%&9$&7$20&6,++,-H/(:&'(&2$NH,2$4&(#,%*,%1&/,*$
(#$& 4,($& 7,4,()2& 0)H& (521$($6& ,%& 4($3& S:& >)H& <50& %$$6& ()& +)21$(& 0)H2
($-#%,-5/& *%)8/$61$& 6H2,%1& (#,4& 4($3:& `)2& ,%4(5%-$.& )H2& 6$%(,4(& +$$/4
!32)3#0/5O,4=&,4&5%&,<3)2(5%(&3#254$&+)2&#,4&9H4,%$44:&L)8$7$2.&$7$%&,+
#,4& +H(H2$& 35(,$%(& *%)84& (#$& ($-#%,-5/& ($2<& +)2& 32$7$%(5(,7$& #$5/(#
<$54H2$4&Y4H-#&54&($$(#&-/$5%,%1Z.&4#$&<50&%)(&*%)8&#)8&()&43$//&,(:
",(#& 4$52-#& 5-(,7,(0& 52)H%6& (#$& 8)2/6& aH<3,%1& \S& 3$2-$%(

9$(8$$%& mH/0& [UUT& 5%6& mH/0& [UUV.& 5%6& f))1/$& 2$<5,%,%1

(#$&<)4(&3)3H/52&4$52-#&$%1,%$&8,(#&5&l^:c&b&3$2-$%(&1/)95/
<52*$(&4#52$.&,(I4&$540&()&4$$&(#$&,<3)2(5%-$&)+&DB?:&mH4(
/,*$&5%0&92,-*M5%6M<)2(52&9H4,%$44.&)%/,%$&9H4,%$44&,4&59)H(
-H4()<$2& $O3$2,$%-$& 5%6& /)-5(,)%:& '+& 0)H& -5%I(& 9$& +)H%6.
0)H2& 9H4,%$44& 8,//& 4H++$2:&F%6& -)%(2520& ()& 8#5(& 0)H& 8)H/6
/,*$.&%)(&$7$20)%$&*%)84&0)H2&8$94,($&5662$44:
'+&0)HI2$&5&4<5//M&()&<$6,H<M4,K$6&9H4,%$44.&0)H&32)959/0
6)%I(& #57$& (#$& 925%6& 2$-)1%,(,)%& )+.& 450.& Q)*$:& >)H2
3)($%(,5/& -H4()<$24& 52$& /))*,%1& +)2& 4)/H(,)%4:& ?3(,<,K,%1
0)H2&4,($&,4&(#$&9$4(&850&()&#$/3&(#$<&+,%6&0)H&54&5&4)/H(,)%:
G)%I(&3H(&H3&5&9,//9)526&,%&(#$&8))64:&G)&8#5(&%$$64&()&9$
6)%$&()&)3(,<,K$&0)H2&8$94,($:
&
E2)0&D-#$$2.

)*+,"-+&'$(.$B>:=%;$C2*?+'"&@$D*(8)
30004B*2&<+C2*?+'"&@D*(8)4<(17
G$7$/)3& 5& /,4(& )+& 8)264& )2& 3#254$4& +)2& 8#,-#& 0)H2& (521$(& 7,4,()2& ,4
<)4(&/,*$/0&()&4$52-#:&n$$3&(#$&/,4(&4#)2(:&'(&,4&$54,$2&()&62,7$&(25++,-&8,(#
#5/+&5&6)K$%&-52$+H//0&-)%4,6$2$6&8)264&5%6&3#254$4&(#5%&#H%62$64&)+
(#$<:
E#$&/,4(&)+&8)264&5%6&3#254$4&0)H&6$7$/)3&,%&(#,4&4($3&8,//&32)7,6$
(#$&,%+)2<5(,)%&%$-$44520&()&-2$5($&2$/$75%-0&,%&(#$&4($34&(#5(&+)//)8:

1'#W)98)">&'#)./0)20&')Q.-#)?,/'#/'V
E#$&32,%-,3/$&9$#,%6&(#,4&%$O(&4($3&,4&4)&)97,)H4&5%6&4$/+M$7,6$%(&(#5(
<)4(&3$)3/$.&,%-/H6,%1&4,($&6$7$/)3$24&5%6&DB?&43$-,5/,4(4.&,1%)2$&,(b

<(&'+&'$",$?"&@4
E#,4&9$524&2$3$5(,%1:&%(&'+&'$",$?"&@4

C0& !-)%($%(=& '& 5<& 2$+$22,%1& ()& $7$20(#,%1& )%& (#$& 351$& (#5(& 0)H2
8$94,($I4&7,4,()2&4$$4:
!"5,(& 5& <,%H($.=& 0)H& 450:& !>)H& aH4(& 45,6& (#5(& 2$/$75%-0& 8,%4& (#$
25%*,%1&15<$:=&E#5(I4&4(,//&(2H$:&Q)%($%(&,4&*,%1e&2$/$75%-0&,4&(#$&3)8$2
9$#,%6&(#$&(#2)%$:
'+& (#$& (03,-5/& (521$(& 7,4,()2& 6)$4& %)(& 43$5*& !1$$*.=& (#$%& 6)%I(& H4$
1$$*& 43$5*:& F4& 5& 1$%$25/& 2H/$.& 8#$%& 82,(,%1& 0)H2& -)%($%(.& H4$& (#$
/5%1H51$&0)H2&(521$(&7,4,()2&8,//&H4$&8#$%&4$52-#,%1:&E#$&$O-$3(,)%&()
(#,4&2H/$&,4&8#$%&0)H&52$&$6H-5(,%1&(#$&4,($&7,4,()2:&CH(&2$<$<9$2.&0)H2
8$94,($&-5%&)%/0&$6H-5($&5&7,4,()2&8#)&#54&+)H%6&,(&()&9$1,%&8,(#:
'%-)23)25($& (#$& <)4(& ,<3)2(5%(& 8)264& ,%& 0)H2& -)%($%(:& >)H2& #,1#
4-#))/&B%1/,4#&($5-#$2&<,1#(&6,4512$$.&9H(&2$3$(,(,)%&,%&0)H2&-)%($%(&,4
5&3)8$2+H/&())/&+)2&4$52-#&$%1,%$&)3(,<,K5(,)%:&F4&/)%1&54&0)H2&-)%($%(
2$564& /)1,-5//0.& 0)H& 8,//& 2H%& /,((/$& 2,4*& )+& 1$((,%1& 9/)-*$6& 90& 4$52-#
$%1,%$4& +)2& )7$2H4,%1& 5& 8)26& Y)7$2H4,%1& 5& 8)26& )2& 3#254$& 8,(#)H(
2$1526&()&/)1,-&-5%&/$56&4$52-#&$%1,%$4&()&(#,%*&0)HI2$&5&435<<$2Z:
E#,4&4$-(,)%.&4($3&h.&,4&5&32,<$&$O5<3/$&)+&)3(,<,K$6&-)%($%(:&'(&#54
9$$%&82,(($%&()&5((25-(&4$52-#&3#254$4&(#5(&,%-/H6$&(#$&8)26&!-)%($%(:=
E#$&8)26&!-)%($%(=&533$524&SV&(,<$4&,%&hU[&8)264:
'%&566,(,)%&()&(#$&)97,)H4&($O(&-)%($%(&)%&5&351$.&$7$20&1253#,-&%)(
4$(& 54& 95-*12)H%6& ,4& 5%)(#$2& )33)2(H%,(0& ()& -)<<H%,-5($& 2$/$75%(
-)%($%(& ()& 5& 4$52-#& $%1,%$:& F/(#)H1#& 5& 4$52-#& $%1,%$& -5%%)(& 4$$
,<51$4.&,(&6)$4&2$56&(#$,2&5/(&(514&54&-)%($%(:&E#$&5/(&(514&5((5-#$6&()
9H(()%4.&/)1)4.&6,5125<4.&-#52(4.&$0$&-5%60.&5%6&(#$&/,*$&5//&2$32$4$%(
-)%($%(&(#5(&4$52-#&$%1,%$4&-5%&2$56:&'<51$4&52$&5%&$O-$//$%(&850&()
4H9(/0&2$3$5(&-)%($%(&0)H&85%(&()&$<3#54,K$:
?%-$&0)H2&-)%($%(&,4&82,(($%.&,(&,4&(,<$&()&(521$(&(#$&4$52-#&$%1,%$4:
?#.&0$5#.&6)%I(&+)21$(b&%(&'+&'$",$?"&@E

1'#W)\8)O.-)<,=>)"#$%&'#V
E#$2$&52$&+)H2&954,-&(514&()&<5*$&4H2$&0)H&-2$5($&+)2&$7$20&351$&)%

0)H2&8$94,($:

&
o(,(/$p>)H2&E,(/$&f)$4&L$2$o](,(/$p
E#$& 351$& (,(/$& (51& 6)$4& %)(& -5220& 5& /)(& )+& 8$,1#(& 8,(#& <)4(& <5a)2
4$52-#&$%1,%$4&9H(&,(&6)$4&2$,%+)2-$&)(#$2&-)%($%(&$/$<$%(4:&E#,4&(51
,4& -)%4,6$2$6& (#$& )++,-,5/& (,(/$& )+& (#$& 351$& 5%6& 533$524& 5(& (#$& ()3& )+
0)H2&92)84$2&8,%6)8.&59)7$&(#$&5662$44&952:&"2,($&(#$&(,(/$&()&2$+/$-(
(#$&<)4(&,<3)2(5%(&4$52-#&8)264&)2&3#254$&2$32$4$%($6&)%&(#5(&351$:
@4$&5&6,++$2$%(&(,(/$&)%&$7$20&351$&8,(#&2$/$75%(&-)%($%(:&D)<$&351$4.
4H-#& 54& 5& !Q)%(5-(& @4=& +)2<.& <50& %)(& -)%(5,%& 5%0& 2$5/& 2$/$75%-0& +)2
4$52-#& $%1,%$4:& E51& (#$<& 5%0850.& 9H(& H4$& 0)H2& -)<35%0& %5<$& )2
6)<5,%&%5<$&54&(#$&(,(/$&,%4($56:&@4$&(,(/$&-54$&,%&(#,4&(51:

&
o<$(5&%5<$q!(,(/$=&-)%($%(q!>)H2&_51$&E,(/$&f)$4&L$2$=&]p
E#,4&(51&,4&8#5(&5-(H5//0&($//4&(#$&4$52-#&$%1,%$4&8#5(&(#$&(,(/$&)+&0)H2
8$94,($&,4:&E03,-5//0&(#,4&,4&,6$%(,-5/&()&(#$&(,(/$&$%($2$6&,%&(#$&32$7,)H4
o(,(/$p&(51:&F/(#)H1#&9)(#&)+&(#$4$&+,24(&(8)&(514&52$&-5//$6&!(,(/$&(514.=
(#$0&4$27$&6,++$2$%(&3H23)4$4:&F/8504&,%-/H6$&(#$<&9)(#:&@4$&(,(/$&-54$
,%&(#,4&(51:

&
o<$(5&%5<$q!6$4-2,3(,)%=&-)%($%(q!G$4-2,9$&8#5(&(#,4&351$&,4&59)H(
,%&(#,4&52$5:=&]p
@4$&(#,4&(51&()&($//&(#$&4$52-#&$%1,%$4&8#5(&0)H2&8$9351$&,4&59)H(:
>)H2& 6$4-2,3(,)%& 4#)H/6& ,%-/H6$& (#$& 4$52-#& 8)26& )2& 3#254$& <)4(
-)<<)%/0&H4$6&,%&(#$&-)%($%(:&'+&3)44,9/$.&H4$&(#$&8)26&)2&752,5(,)%4&)+
,(& (8)& )2& (#2$$& (,<$4& ,%& (#$& 6$4-2,3(,)%:& J5%0.& 9H(& %)(& 5//.& 4$52-#
$%1,%$4&6,43/50&(#$&-)%($%(&)+&(#,4&(51&,%&(#$,2&4$52-#&2$4H/(4.&9H(&6)&%)(
<5*$&(#$&<,4(5*$&)+&82,(,%1&(#$&6$4-2,3(,)%&()&4$//&(#$&,%($2%$(&H4$2&)%
(#$&75/H$&)+&0)H2&32)6H-(&)2&4$27,-$:&E#$&1)5/&#$2$&,4&1$((,%1&0)H2&4,($
()&(#$&()3&)+&(#$&4$52-#&$%1,%$&2$4H/(&/,4(4:&@4$&4$%($%-$&-54$&,%&(#,4
(51:

&
o<$(5& %5<$q!*$08)264=& -)%($%(q!0)H2& *$08)264.& 0)H2& *$0& 3#254$4.
5%6&6)<,%5%(&2$/$75%(&8)264&1)&#$2$.&4$3525($6&90&-)<<54=&]p
@4$& (#,4& (51& ()& ($//& (#$& 4$52-#& $%1,%$4& (#$& *$08)264& 5%6& 3#254$4
(#5(&52$&2$/$75%(&()&0)H2&4,($:&E#$2$&,4&%)&<51,-&()&*$08)264:&n$08)264
52$& %)(& (#$& <51,-& 9H//$(& (#5(& 8,//& 62,7$& 0)H2& 4,($& ()& (#$& ()3& )+& 4$52-#
2$4H/(4:&E#5(&45,6.&*$08)264&-5%&32)7,6$&7$20&3)8$2+H/&5H1<$%(5(,)%&()
0)H2&8$94,($I4&-)%($%(:&"#$%&32)3$2/0&6$7$/)3$6.&(#$0&#$/3&$4(59/,4#
(#$& 5//M,<3)2(5%(& 2$/$75%-0b& (#$0& ($//& (#$& 4$52-#& $%1,%$4& 8#$(#$2& (#$
-)%($%(&,%&(#$&8$94,($&,4&2$/$75%(&()&(#$&4$52-#&3#254$&9$,%1&NH$2,$6:&'+
0)H&#57$&H4$6&(521$(&8)264&$++$-(,7$/0&,%&0)H2&-)%($%(.&(#$&*$08)264
5%6& 3#254$4& ()& H4$& ,%& (#,4& <$(5& (51& 52$& $540& ()& +,1H2$& )H(:& @4$& (#$
8)264& 5%6& 3#254$4& 0)H& -5<$& H3& 8,(#& ,%& 4($3& [.& 5%6& <5*$& 4H2$& ()
4$3525($&(#$<&8,(#&-)<<54:
'%&(#$&-54$&)+&)H2&6$%(,4(.&/$(I4&450&#,4&(521$($6&8)264&5%6&3#254$4
52$&!6$%(,4(4=&5%6&!($$(#&-/$5%,%1:=&L,4&(514&<,1#(&/))*&/,*$&(#,4b
o(,(/$pFCQ& `5<,/0& G$%(,4(4& E$$(#& Q/$5%,%1& 5%6& f$%$25/
G$%(,4(20&,%&F2/,%1()%o](,(/$p
o<$(5& %5<$q!(,(/$=& -)%($%(q!FCQ& `5<,/0& G$%(,4(4& E$$(#
Q/$5%,%1&5%6&f$%$25/&G$%(,4(20&,%&F2/,%1()%=&]p
o<$(5& %5<$q!6$4-2,3(,)%=& -)%($%(q!FCQ& `5<,/0& G$%(,4(4
1$%$25/& 6$%(,4(20& 5%6& ($$(#& -/$5%,%1& ,%& F2/,%1()%& 32)7,6$4
6$%(,4(20&4$27,-$4&()&+5<,/,$4:=&]p
o<$(5& %5<$q!*$08)264=& -)%($%(q!6$%(,4(.& 6$%(,4(20.& ($$(#
-/$5%,%1.&1$%$25/&6$%(,4(20.&52/,%1()%&6$%(,4(4.&1$%$25/&6$%(,4(20
,%&52/,%1()%.&($$(#&-/$5%,%1&,%&52/,%1()%=&]p
F/(#)H1#& (#$4$& (514& 2$32$4$%(& 3))2& 82,(,%1& 4*,//4& ,+& 0)HI2$& (20,%1& ()
-)<<H%,-5($& ()& 5& #H<5%& 2$56$2.& *$$3& ,%& <,%6& (#$0& 52$& 82,(($%& +)2
4$52-#&$%1,%$4.&%)(&3$)3/$:
'+&0)H&+)//)8&(#$&4($34&,%&)26$2X
S:&E521$(&0)H2&,%($%6$6&<52*$(
[:&E521$(&0)H2&4$52-#&3#254$4

h:&"2,($&5%6&$6,(&351$&-)%($%(
\:&E51&0)H2&8$94,($
X0)H&8,//&+,%6&(#$&32)-$44&2$/5(,7$/0&4,<3/$:&'(&,4&5&/)(&)+&8)2*.&9H(&(#$%.
0)H&52$&-)<3$(,%1&515,%4(&(#)H45%64&,+&%)(&<,//,)%4&)+&8$9351$4:
F%6& 5/8504& 2$<$<9$2b&<(&'+&'$ ",$ ?"&@F$ *+#+A2&</$ ",$ '9+$ )(0+*

5+9"&-$'9+$'9*(&+4

!
"#$%&'()*+%&!)&,-*.%/01!23&.(4#5(6**+(.#
7/#8(9*:#,*(4#5!".&,.
"#$%&'(!)*+&'!)',-*.&/0!&1!.2*!3,$%*11!$4!3,$)$.&/0!5$6,!1&.*!$,
761&/*11! .2,$602! 1$%&'(! )*+&'! %2'//*(18! '/+! &.! &1! '! 3$9*,46(
1.,'.*05!.2'.!9&((!0*.!5$6!(&/-18!'..*/.&$/8!'/+!)'11&:*!')$6/.1!$4
.,'44&%;<
!"#$%
&'()*&'()

;3*(6&.5,*(#:(.3*(<5/=>#?%/0(9*&@.
=$9!.2'.!5$6!2':*!'!1$(&+!6/+*,1.'/+&/0!$4!$/(&/*!)',-*.&/08!9*!%'/
)$:*! $/! .$! 1$%&'(! )*+&'! )',-*.&/0;! >*.?1! 7,*'-! +$9/! .2*! 32,'1*
"1$%&'(!)*+&'!)',-*.&/0;<
@!)&,-*.%/01!A,$)$.&/0!'!3,$+6%.!$,!'!1*,:&%*!.$!&/%,*'1*!1'(*1
@! "#$%&'( A*+%&1! B/(&/*! 3('.4$,)1! 92*,*! 3*$3(*! %$//*%.! '/+
%$))6/&%'.*
#$)*! *C')3(*1! $4! $/(&/*! 3('.4$,)1! ',*! 7($01D! 1$%&'(! /*.9$,-&/0
1&.*1!16%2!'1!E'%*7$$-8!F9&..*,8!'/+!>&/-*+G/D!'/+!H$6F67*;
I$1.!3*$3(*!'761*!1$%&'(!)*+&'!3('.4$,)1;!F2*5!61*!.2*)!.$!3612
.2*&,!)*11'0*!$/!3*$3(*!'/+!.,5!.$!+$)&/'.*!.2*!)',-*.;!J*)*)7*,
$6,!+&1%611&$/!'7$6.!.2*!)&1.'-*!$4!0$&/0!'0'&/1.!.2*!0,'&/K!F2&1!&1!'
0,*'.! *C')3(*;! I',-*.*,1! 92$! '761*! 1$%&'(! )*+&'!616'((5! +$! 1$
7*%'61*! .2*5! ',*! 61*+! .$! 61&/0! .,'+&.&$/'(! )',-*.&/0! )*.2$+1! (&-*
.*(*:&1&$/;!H$6!%'/?.!.'(-!7'%-!.$!.2*!FL!MN*((8!5$6!%'/8!76.!&.!+$*1/?.
0*.!5$6!:*,5!4',;O!N&.2!1$%&'(!)*+&'8!.'(-&/0!7'%-!&1!.2*!92$(*!3$&/.D!&.?1
'!%$/:*,1'.&$/8!/$.!'!)$/$($06*;

23&.("#$%&'()*+%&(B@(C''(CD#5.
G! %2$1*! .$! *C3($,*! .2*! 1$%&'(! 9*7! '1! '! 761&/*11
4,')*9$,-! '4.*,! ,*'+&/0! F&)! P*,/*,1Q>**?1! .'(-! 2$/$,&/0
L'//*:',!P612!'.!IGF!&/!RSST8!*C%*,3.*+!&/!3',.!2*,*U
G! V2':*W! '! +,*')! .2'.! .2*! 9*7! %$6(+! 7*! (*11! $4! '
.*(*:&1&$/!%2'//*(!'/+!)$,*!$4!'/!&/.*,'%.&:*!1*'!$4
12',*+! -/$9(*+0*! V'/+! .2'.W! 75! 9$,-&/0! $/! .2&1
-/$9(*+0*! .$0*.2*,! 9*! %'/! %$)*! .$! 7*..*,
6/+*,1.'/+&/01;
F2&1! %,51.'((&X*+! 4$,! )*! 92'.! 1$%&'(! )*+&'! &1! '((! '7$6.8
%$/:*5&/0! .2*! &)3$,.'/%*! $4! 3',.&%&3'.&/0! 9&.2! ,'.2*,
'..*)3.&/0!.$!&)3,*11!63$/!5$6,!%61.$)*,1;!F2*!1$%&'(!9*7
&1!'!3('%*!92*,*!3*$3(*!0'.2*,!'/+!12',*!.$!&)3,$:*!.2*&,
%$/+&.&$/;!Y1!)',-*.*,18!&.!&1!$6,!$7(&0'.&$/!.$!,*13*%.!.2&1
46/+')*/.'(!3,*)&1*;!G.!&1!$6,!0'&/!92*/!9*!+$!'/+!$6,!($11
92*/!9*!+$/?.;
!
Z':*![:'/18

"+,)'-!'.!#$%&'(!I*+&'!I',-*.&/0U!Y/!\$6,!'!Z'5
]2'3.*,!R!+&1%611*1!2$9!.,'+&.&$/'(!)',-*.&/0!2'1!*:$(:*+!$:*,!.2*
5*',1;! =$9! (*.?1! .'-*! '! ($$-! '.! '! .'7(*! $4! +*1%,&3.&:*! 9$,+1! '/+
32,'1*1! .2'.! %$)3',*1! .,'+&.&$/'(! )',-*.&/0! '/+! $/(&/*! )',-*.&/0^
13*%&4&%'((58!1$%&'(!)*+&'!)',-*.&/0;

23E("#$%&'()*+%&()&,-*.%/0F(23E(9#.3*,F
Y%%$,+&/0! .$! '! ,*%*/.! J'X$,4&12! ]$/16)*,! [C3*,&*/%*! J*3$,.8! _S
3*,%*/.! $4! 9*7! 61*,1! 2':*! )'+*! '! 36,%2'1*! 7'1*+! $/
,*%$))*/+'.&$/1!.2*5!,*%*&:*+!.2,$602!'!1$%&'(!)*+&'!1&.*;!H*.!$/(5
`T!3*,%*/.!$4!761&/*11*1!2':*!'!E'%*7$$-!3'0*8!'/+!)'/5!4*9*,!61*
'/5!$.2*,!1$%&'(!)*+&'!3('.4$,)1;!I',-*.*,1!',*!)&11&/0!$6.!$/!'!260*
$33$,.6/&.5! .$! %$//*%.! 9&.2! 3$.*/.&'(! %61.$)*,1;! #$%&'(! )*+&'
)',-*.&/0!&1!'!0$$+!&+*'!4$,!.2*!4$(($9&/0!.2,**!,*'1$/1;
R;!"#$%&'(A*+%&(@%.*@(&,*(83*,*(.3*(!"#!$"(&,*G!>*.?1!1'5!.2*,*
9'1! '/! *C3$! 2'33*/&/0! 9&.2!/01* 2$33$'4* ",,54655(%! '/+! G
$44*,*+! 5$6! '! 4,**! 7$$.2;! N$6(+! 5$6! .'-*! &.K! G! 16,*! 2$3*! 5$6
9$6(+;! F2'.?1! 2$9! )'/5! 3*$3(*! ',*! 61&/0! E'%*7$$-;! G4
E'%*7$$-!9'1!'!%$6/.,58!&.!9$6(+!7*!.2*!9$,(+?1!4$6,.2!(',0*1.8
1)'((*,!.2'/!.2*!a/&.*+!#.'.*1!76.!(',0*,!.2'/!G/+$/*1&';!Y/+!&.
%$1.1!/$.2&/0!.$!b$&/;

` ;!;,5@.(%/(&+?*,.%@%/0($#/.%/5*@(.#(*,#+*G!>*.?1!4'%*!&.;!N*
.,61.!$6,!4,&*/+1!)$,*!.2'/!9*!.,61.!92'.!.2*!/&%*!4$(-1!$/!FL!.*((
61;!H$6!%'/!*&.2*,!7*!.2'.!4,&*/+!$,!5$6!%'/!7*!.2*!:$&%*!$/!FL
.2'.! 0*.1! &0/$,*+;! F2*! %'((! &1! 5$6,1;! P6.! 5$6! %'/?.! 4'-*! &.;
P*%'61*! $4! .2*! .,'/13',*/.! /'.6,*! $4! 1$%&'(! )*+&'8! 5$6! %'/?.
,*'((5!2&+*!92$!5$6!',*!4$,!($/0;!>*.?1!1'5!'!%$)3'/5!3,*.*/+1
.2'.! .2*5! :'(6*! .2*&,! %61.$)*,1! )$,*! .2'/! '/5.2&/0;! F2*/! .2*5
.6,/! ',$6/+! '/+! .,*'.! '! %61.$)*,! 7'+(5;! F2'.! %61.$)*,! 2'1! '
:$&%*;! ]2'/%*1! ',*! 12*! 2'1! '! E'%*7$$-! 3,$4&(*! $,! F9&..*,
'%%$6/.;![:*/!&4!12*!+$*1/?.8!12*!)'5!.*((!'!4,&*/+!92$!+$*1;
c ;!H*#I'*( &,*( &',*&+E( .&'-%/0( &D#5.( E#5G! F2'.! ('1.! *C')3(*
.*((1! 61! 1$)*.2&/0! *(1*8! .$$U! 3*$3(*! ',*! '(,*'+5! .'(-&/0! '7$6.
5$6,!3,$+6%.18!5$6,!1*,:&%*8!'/+!5$6,!%$)3'/5;!G.?1!&/*:&.'7(*;
#$%&'(!%$))6/&.&*1!',*!7,**+&/0!0,$6/+1!4$,! &/.*,'%.&$/;! F2*
$/(5!%2$&%*!5$6!2':*!&1!92*.2*,!5$6!b$&/!.2*!%$/:*,1'.&$/;
F9$!$4!.2*!)$1.!3$9*,46(!7*/*4&.1!$4!1$%&'(!)*+&'!4$,!1)'((
761&/*11! ',*! '%%*11! '/+! 3,$)&/*/%*;! F'3! 5$6,! 7($0! .$
+*)$/1.,'.*! .2$602.! (*'+*,12&3! M'-'! 3,$)&/*/%*O! &/! 5$6,
/&%2*8!'/+!.2*/!(*:*,'0*!F9&..*,!'/+!E'%*7$$-!.$!*C3'/+
.2*! %$/:*,1'.&$/8! 4'%&(&.'.*! *:'/0*(&1)8! '/+! 0,$9! 5$6,
"4$(($9&/0;<! Y1! '/! *C')3(*8! F9&..*,! (*.1! 5$6! 4&/+! 2&02(5
,*(*:'/.! %$/:*,1'.&$/1! 9&.2! 3,$13*%.&:*! %(&*/.18! :*/+$,18
)*/.$,18! '/+! %$((*'06*1! &/! ,*'(! .&)*D! b$&/! &/8! +*)$/1.,'.*
:'(6*8! '/+! .2*/8! &4! '33,$3,&'.*8! $44*,! 1$(6.&$/1! .$! '/5
3,$7(*)1!7*&/0!+&1%611*+;!Z$!.2&1!$/!'!,*06(',!7'1&1!'/+
5$6?((! 0,$9! '! 1&X'7(*! .,&7*! 3,&)*+! 4$,! 5$6,! 3,$+6%.1! '/+
1*,:&%*1;
!
d$/'.2'/!E&*(+18

"+,)'-*'.*7"-55-*85459"65

"#$%&'()*+%&()&,-*.%/0(;*/*.@
P*4$,*!9*!+*(:*!&/.$!.2*!/&..5Q0,&..5!$4!13*%&4&%!1$%&'(!)*+&'!3('.4$,)1
'/+!2$9!.$!)'-*!.2*!)$1.!$4!.2*)8!(*.?1!($$-!'.!.2*!.*/*.1!$4!1$%&'(
)*+&'!)',-*.&/0;!F2*1*!3,&/%&3(*1!+$!/$.!%2'/0*8!,*0',+(*11!$4!.2*
.*%2/$($05!&/!e6*1.&$/;
@!J*@I*$.(#.3*,(I*#I'*(#/'%/*G!N2*.2*,!5$6?,*!61&/0!*)'&(!$,
&/1.'/.!)*11'0&/0!MGIO!$,!1$%&'(!)*+&'U!MRO!+$/?.!13')!3*$3(*8
M`O!+$/?.!7(&/+(5!'++!3*$3(*!.$!5$6,!*)'&(!(&1.8!'/+!McO!,*13*%.
3*$3(*?1!":&,.6'(!13'%*;<!P'1&%'((58!4$(($9!.2*!f$(+*/!J6(*D!&4!&.
9$6(+! '//$5! 5$68! &.! 9&((! +$67(5! '//$5! '/$.2*,;! F2*! 1')*
%$))$/! ,6(*1! $4! *.&e6*..*! .2'.! '33(5! $44(&/*! '33(5! $/(&/*8! .$$;
N$6(+! 5$6! *:*,! ,6/! 63! .$! 1$)*$/*8! 2'/+! 2&)! 5$6,! 761&/*11
%',+8!'/+!,6/!'9'5K!G!2$3*!/$.;!H*.!3*$3(*!$4.*/!+$!.2*!$/(&/*
*e6&:'(*/.U!3$1.!.2*&,!9*71&.*!(&/-^.2*&,!:&,.6'(!761&/*11!%',+^
7(&/+(5!$/!3*$3(*?1!$/(&/*!13'%*1;
@!K::#,.@(.#($#/.,#'(#,(A&/%I5'&.*(8%''(D&$-:%,*G!Z&+!5$6!2*',
.2*!1.$,5!$4!2$9!.2*!][B!$4!'!.$3!0,$%*,5!%2'&/!0$.!761.*+!4$,
3,*.*/+&/0! .$! 7*! '! %61.$)*,! '/+! 3,'&1&/0! .2*! %$)3'/5! &/
4$,6)1K! G.! 9'1! e6&.*! '! 1%'/+'(;! B/%*! 2&1! &+*/.&.5! 9'1!)'+*
367(&%8! &.! 9'1! '((! $:*,;! G.?1! /*C.! .$! &)3$11&7(*! .$! )'/&36('.*
3*$3(*!$/(&/*!9&.2$6.!0*..&/0!%'602.;!Y/+!7*%'61*!.2*,*!',*!1$
2"4:! 7*..*,! 9'51! .$! 0$! '7$6.! &/4(6*/%&/0! 3*$3(*! 3$1&.&:*(58
.2*,*!&1!/$!/**+!.$!%$/.,$(!.2*!%$/:*,1'.&$/;
@! L#/M.( $3&@*( *?*,E.3%/0( /*8( 5/+*,( .3*( @5/G! F2&1! &1! '
%$))$/! )&1.'-*! )'/5! 3*$3(*! )'-*! 92*/! 4&,1.! 1.',.&/0! $6.;
J*)*)7*,!"12&/5!.$5!15/+,$)*<K!J*1&1.!.2*!.*)3.'.&$/!.$!0,'7
'.!*:*,5.2&/0;!Z$!5$6,!,*1*',%28!3&%-!$/*!$,!.9$!)*.2$+18!'/+
9$,-!'.!.2*)!%$/1&1.*/.(5;!F2&1!&1!.2*!,*'1$/!G!')!/$.!%$:*,&/0
&/! .2&1! 7$$-! *:*,5! 1$%&'(! )*+&'! %2'//*(! .2'.?1! $6.! .2*,*;! G?:*
%2$1*/!&/1.*'+!.$!4$%61!$/!.2*!$/*1!.2'.!G!7*(&*:*!3,$:&+*!.2*
2&02*1.!,*.6,/!$/!&/:*1.)*/.;
@! ;,&::%$( %@( /%$*( D5.( @3#5'+( /#.( D*( .3*( #/'E( 0#&'( #:( @#$%&'
A*+%&(A&,-*.%/0G!#$)*!3*$3(*!$6.!.2*,*!($$-!'.!1$%&'(!)*+&'

)',-*.&/0!$/(5!'1!'!)*'/1!$4!'..,'%.&/0!.,'44&%!.$!.2*&,!9*71&.*1;
Y(.2$602! .,'44&%! &1! '! 0,*'.! 0$'(! '/+! *'1&(5! )*'16,'7(*! M&.! 4'((1
6/+*,!Y..,'%.O8!&.!12$6(+!/$.!7*!5$6,!$/(5!0$'(;!J*)*)7*,8!5$6
%'/! '/+! 12$6(+! 61*! 1$%&'(! )*+&'! .$! .,'/14$,)! '1! 9*((;! G.! &1! '
0,*'.!9'5!.$!12',*!5$6,!1.$,&*18!(&1.*/!.$!4**+7'%-8!'/+!%6(.&:'.*
,*('.&$/12&31!9&.2!3$.*/.&'(!%61.$)*,1!'/+!46.6,*! 3',./*,1! '/+
:*/+$,1;
@!B.M@(&(0##+(%+*&(.#(5@*(E#5,(%"&$(/&A*G!=&/*!$6.!$4!.*/!.&)*18
&.?1! 7*1.! .$! 61*! 5$6,! ,*'(! /')*^*:*/! &4! 5$6! ,*3,*1*/.! '
%$)3'/5;! N25K! A*$3(*! +$/?.! 9'/.! .$! 7*! 4,&*/+1! 9&.2
I%Z$/'(+?1!$,!Z*((;!F2*5!9'/.!.$!%$//*%.!9&.2!$.2*,1!(&-*!.2*);
N*!%$:*,!('.*,!92*/!&.!&1!'+:&1'7(*!.$!61*!5$6,!761&/*11!/')*;
@! 4#5( 3&?*( .#( D*( I,#&$.%?*G! F2&1! &1! /$.! .2*! 1')*! '1! 7*&/0
36125;! G! 2*',! .2*! 4$(($9&/0! '! ($.U! "G! ')! $/! E'%*7$$-! '/+
>&/-*+G/8! 76.! &.! +$*1/?.! 1**)! .$! +$! )6%2;<! I5! ,*13$/1*! &1
616'((58!"N2'.!*C'%.(5!+&+!5$6!*C3*%.!g&.?!.$!+$K<!G.?1!(&-*!1'5&/0
5$6!9*/.!.$!'!/*.9$,-&/0!*:*/.!.2'.!+&+/?.!+$!'/5.2&/0!4$,!5$6;
F2*! ,*'(! e6*1.&$/! 2*,*! &1! 92'.! +&+! 5$6! +$! '.! .2*! /*.9$,-&/0
*:*/.K! Z&+! 5$6! ,*'%2! $6.! .$! .9$! 3*$3(*! '/+! 2':*! '
%$/:*,1'.&$/K!#$%&'(!)*+&'!&1!$/(5!92'.!5$6!)'-*!$4!&.;

"#$%&'()*+%&()&,-*.%/0(N3*$-'%@.
F2*! 4$(($9&/0! &1! '! (&1.! $4! 92'.! 5$6!2+(,! 2':*! &/! 3('%*! M$,! 7*! &/! .2*
3,$%*11! $4! 36..&/0! &/! 3('%*O! 7*4$,*! 5$6! 1.',.! 9&.2! 1$%&'(! )*+&'
)',-*.&/0;! J*)*)7*,U! 1$%&'(! )*+&'! )',-*.&/0! &1! $/(5! 3',.! $4! .2*
7&00*,!3&%.6,*;
!!C(0##+(9OL1!H$6!)61.!2':*!'!-**/!6/+*,1.'/+&/0!$4!5$6,

7,'/+8!$6.%$)*8!'/+!+&44*,*/.&'.$,;
!!C(8*D@%.*1!J*)*)7*,![I#;!H$6,!9*71&.*!)61.!*+6%'.*8

)',-*.8!'/+!1*((h
!!N#/.*/.1!G+*'((58!5$6,!9*71&.*!9&((!&/%(6+*!'!7($08!7*%'61*!'

7($0!)'-*1!&.!*'15!.$!63+'.*!5$6,!1&.*!,*06(',(5!9&.2!4,*12

%$/.*/.8!76.!2$9*:*,!5$6!63+'.*8!b61.!)'-*!16,*!5$6!+$;!E,*12
%$/.*/.!&/%,*'1*1!.2*!(&-*(&2$$+!:&1&.$,1!9&((!1.&%-!',$6/+!'/+
.6,/!&/.$!%$/16)*,1;
!!C/(*A&%'($&I.5,*(A*$3&/%@A1!Z$/?.!1*/+!3*$3(*!.$!5$6,
9*71&.*!6/(*11!5$6!2':*!'!9'5!.$!4$(($9!63!9&.2!.2*);!G+*'((58
.2&1!)*'/1!%$((*%.&/0!.2*&,!*)'&(!'++,*11*1!1$!5$6!%'/!1*/+
.2*)!,*(*:'/.!%$/.*/.!&/!.2*!4$,)!$4!'!/*91(*..*,!$,!76((*.&/!&/!.2*
46.6,*;
\':*!'((!4$6,K!H$6?,*!,*'+5!.$!,$%-!'/+!,$((h

P%@%D%'%.E(Q(N,*+%D%'%.E(R(J*&'("#$%&'()*+%&
"5$$*@@
P5!61&/0!1$%&'(!)*+&'!.$!3$1&.&$/!5$6,1*(4!'1!'/!*C3*,.!&/
5$6,!4&*(+8!5$6?((!1.'/+!$6.!4,$)!%$)3*.&.$,18!0*/*,'.*!76XX8
'/+! &/%,*'1*! 5$6,! :'(6*;! F$! +$! .2&18! 5$6! )61.! )',-*.
5$6,1*(4! '1! '! 2&02(5! :&1&7(*8! &+*'((5! )'.%2*+! 1$6,%*! $4
&/4$,)'.&$/!4$,!5$6,!'6+&*/%*;
Y(9'51!4$%61!$/!3,$:&+&/0!:'(6'7(*!%$/.*/.8!7$$1.&/0!5$6,
%,*+&7&(&.58!'/+!76&(+&/0!.,61.;!N2*/!+$/*!%$,,*%.(58!5$6?((!.6,/
4$(($9*,1! &/.$! ($5'(! 4'/1! 92$! 3,'%.&%'((5! +$! 5$6,! )',-*.&/0
4$,!5$6;
L'(6*8! %,*+&7&(&.58! '/+! .,61.;!Y++! .2$1*! .2,**! .2&/01! .$! '
2&02!(*:*(!$4!:&1&7&(&.5!U!'/+!5$6!2':*!.2*!1$%&'(!)*+&'!,*%&3*
4$,!16%%*11;
!
='/%5!I',)$(*b$8

;$<"*;$($=$3$,:*>???@;$<";$($=$3$,:A3'9@B'2C

23%$3(;*$3/#'#0%*@(&/+(6*.8#,-@(L#(B(S@*F
Y(.2$602! .2*,*! ',*! .2$61'/+1! $4! 1$%&'(! /*.9$,-&/0! 1&.*1! '/+
.*%2/$($0&*1!$6.!.2*,*8!&/!.2&1!7$$-8!G!9&((!7*!4$%61&/0!2*,*!$/(5!$/!.2*
.2,**!.2'.!G!2':*!4$6/+!.$!7*!.2*!7*1.!4$,!)',-*.&/0!36,3$1*1U
@!E'%*7$$-!M999;4'%*7$$-;%$)O
@!F9&..*,!M999;.9&..*,;%$)O
@!>&/-*+G/!M999;(&/-*+&/;%$)O
G! '(1$! %$:*,! %*,.'&/! .*%2/$($0&*1! .2'.! %$)3(*)*/.! 1$%&'(! )*+&'
)',-*.&/08!&/%(6+&/0!$/(&/*!:&+*$;
F2*,*?1! ,*'((5! $/(5! $/*! 9'5! "1$%&'(<! '/+! ")',-*.&/0<! %'/
%$*C&1.!2'33&(5;!Y/+!.2'.?1!&4!5$6!.'-*!$44!5$6,!)',-*.&/0!2'.
92*/!.2&/-&/0!'7$6.!1$%&'(!)*+&'!)',-*.&/0! '/+8! &/1.*'+8
.2&/-!(&-*!'/!':*,'0*!61*,!$4!1$%&'(!)*+&';
Y(($9! 5$6,1*(4! .$! 7*%$)*! */0,$11*+! &/! .2*! 61*,
*C3*,&*/%*! $/! 1$%&'(! )*+&'! U! 1&.*1;! N'.%2! 4$,! .2&/01! (&-*
2$9!.2*!3',.&%6(',!"%6(.6,*<!$4!*'%2!1&.*!&1!%$/1.,6%.*+!'/+
)'&/.'&/*+;!N'.%2!4$,!.2&/01!3*$3(*!1'5!'/+!+$!.2'.!9$6(+
(*'+! /&%*(5! &/.$! ,*('.&$/12&3! 76&(+&/08! 92&%2! (*'+1! .$! /*9
%(&*/.18!7,'/+&/08!$,!3,$+6%.!1'(*1;
#&/%*! &.! &1! &)3$11&7(*! .$! %$)3(*.*(5! 4$,0*.! .2'.! 5$6
',*!'!)',-*.*,8!5$6!9&((!1.&((!3&%-!63!$/!0,*'.!9'51!.$
&/%,*'1*! 761&/*11! .2,$602! 1$%&'(! )*+&'8! 76.! 5$6
)61.!.2&/-!(&-*!'!61*,!4&,1.!'/+!'!)',-*.*,!1*%$/+;

#$%&'(! )*+&'! 61*,1! ',*! .2*,*! 4$,! '/5.2&/0! 76.

'+:*,.&1*)*/.1!'/+!36125!)',-*.&/0;!P6.!)'-*!/$!)&1.'-*
'7$6.!.2*!4'%.!.2'.!)',-*.&/0!&1!7*&/0!+$/*!16%%*1146((5!$/
.2*1*!1&.*1;!G.?1!%'((*+!1$%&'(!)',-*.&/0!4$,!'!,*'1$/8!'/+!&.?1
'!:*,5!+&44*,*/.!.2&/0!.2'.!5$6!%'/!$/(5!1**!92*/!5$6!2':*
5$6,!61*,!0$00(*1!$/;
B/%*!5$6!6/+*,1.'/+!.2*!)'&/!36,3$1*!$4!'/5!1$%&'(!1&.*8

5$6! %'/! +$! '! ($.! .$! &/%,*'1*! 5$6,! .,'44&%! '/+! 0,$9! 5$6,
761&/*11! 9&.2! 1$%&'(! )*+&'! &/! 9'51! .2'.! +$/?.! U! .6,/! $44
61*,18!76.!.2'.!*/0'0*8!&/.,&06*8!'/+!*C%&.*!.2*);
!

T&$-(U5AI3,*EV
D-$6":E-"..$B85F'-,@B'2
E$,!*'%2!$4!.2*!.2,**!/*.9$,-&/0!1&.*18!G?((!.*((!5$6U
R;!N25!.$!7$.2*,!9&.2!&.
`;!\$9!.$!61*!&.
c;!Z$?1!'/+!+$/?.1
_;!#3*%&4&%!)',-*.&/0!.'%.&%1
'"&()*+,"-./+0"-+/-&%-"(1

!
"#$%&''(!)*+,-.//-0*11*'2-34%54-#26-75'8*29:
;,*4-7*#2+-<#2=+->%-?92'5%6
"#$%&'(()! *+! $! ,-$./(012! $! 1&3*412! $53! $! )*--&0! $,,6! 7.8+
%(5.$9*(4+2!*5/&%.*(4+2!$53!:*0$-;'4.!*5!.<&!'&+.!1&$5*59!(/!.<(+&
=(03+6>
!""#$%&'()*+,-.
/+(-0$$12($3

),@->'+,%5-8*+,-"#$%&''(A
?!#$%&'(()!<$+!1(0&!.<$5!@AA!1*--*(5!$%.*:&!4+&0+2!$53!*.8+
90(=*59!&:&0B!3$B6
?!C(0&!.<$5!<$-/!-(9!(5!$.!-&$+.!(5%&!$!3$B6
?!C(0&!.<$5!<$-/!$0&!(4.!(/!%(--&9&6
?!7.+!/$+.&+.D90(=*59!3&1(90$,<*%!*+!.<(+&!.=&5.BD/*:&!B&$0+!(-3
$53!(-3&06
?!7.!(//&0+!/$5.$+.*%!(5-*5&!:*+*'*-*.B!/(0!B(40!'0$536
#$%&'(()!*+!-*)&!$!%(//&&!+<(,6!E:&0B(5&!*+!.<&0&!/(0!<*+!(0!<&0!(=5
0&$+(5+2!'4.!*.!*+!$!90&$.!,-$%&!.(!+.0*)&!4,!$!%(5:&0+$.*(56
F&(,-&!/0(1!$--!=$-)+!(/!-*/&!4+&!#$%&'(()6!G<&B!$0&58.!.<&0&!.(!'4B
+.4//6!G<&B!$0&!.<&0&2!/*0+.!$53!/(0&1(+.2!.(!&H,0&++!.<&1+&-:&+6!I/.&0
+&-/D&H,0&++*(5!%(1&+!.<&*0!5&&3!.(!%(55&%.!=*.<!(.<&0+6
J&+&$0%<!+<(=+!.<$.!,&(,-&!4+&!#$%&'(()!,0*1$0*-B!.(!+<(=%$+&
.<&*0! (=5! *3&5.*.B;5(.! K4+.! =<(! .<&B! $0&2! '4.! =<(! .<&B! =$5.!.(! '&
,&0%&*:&3!$+6!G<&!/0*&53+!=&!1$)&2!.<&!90(4,+!=&!K(*52!$53!.<&!,$9&+
=&!/$5!(5!#$%&'(()!$0&!$--!(//+<((.+!(/!.<*+!'$+*%!*3&5.*.B!%0&$.*(5!$53
0&D%0&$.*(56
G<*+!*+!=<B!B(4!%$5!5&:&0!,4+<!,0(34%.+!(0!+&0:*%&+!(5!#$%&'(()6!7/
B(4!.0B!.(!%(5:&0.!,&(,-&!3*0&%.-B!.(!%4+.(1&0+!(0!%-*&5.+2!B(4!=*--!/$*-6
L(=&:&02! */! B(4! $0&! -(()*59! .(! $..0$%.! %(5+41&0+! $53! '4*-3
0&-$.*(5+<*,+! (:&0! .*1&2! B(4! =*--! +4%%&&36! M(40! 9($-! (5! #$%&'(()
+<(4-3!$-=$B+!'&!.(!$..0$%.!,&(,-&!.(!B(40!=&'+*.&2!'4*-3!.04+.2!$53!9$*5
:*+*'*-*.B;$--!.<*59+!.<$.!*5&:*.$'-B!-&$3!.(!+$-&+6

ILIN!O&5!C(1&5.
G<*5)! $'(4.! <(=! B(4! %$5! '&! $! ,$0.! (/! ,&(,-&8+! *3&5.*.B6
J&1&1'&0!.<&!%((-!)*3!&:&0B(5&!=$5.&3!.(!'&!/0*&53+!=*.<
*5! +%<((-P! Q<B! 3*3! &:&0B(5&! =$5.! .(! '&! .<$.! ,&0+(58+

/0*&53P!R&%$4+&!*.!1&$5.!<&!(0!+<&!=$+!%((-2!.((N!M(4!=$5.
.(! ,(+*.*(5! B(40! '0$53! +(! ,&(,-&! =$5.! .(! 1$)&! *.! ,$0.! (/
.<&*0!*3&5.*.B6

B'8-+'-34%-"#$%&''(
#$%&'(()!%$5!'&!3*:*3&3!*5.(!/(40!1$*5!,$0.+S!,0(/*-&+2!90(4,+2!,$9&+2
$53!&:&5.+6!E$%<!,$0.!+&0:&+!$!%&0.$*5!/45%.*(52!$53!&$%<!<$+!.(!'&
4+&3!45*T4&-B6
F0(/*-&+!$0&!$!=$B!/(0!,&(,-&!.(!,0&+&5.!.<&1+&-:&+6!E$%<!,&0+(5
9&.+!<*+!(0!<&0!(=5!45*T4&!,0(/*-&6!M(4!%$55(.!+<$0&!$!,0(/*-&2!$53!B(4
%$55(.!%0&$.&!$!,0(/*-&!/(0!$!'4+*5&++!(0!$5B!(.<&0!&5.*.B6
U0(4,+! $--(=! ,&(,-&! .(! %0&$.&! +4'%(1145*.*&+! =*.<*5! #$%&'(()
$0(453! $! .(,*%! (/! *5.&0&+.6! G<&0&! $0&! +&0*(4+! 90(4,+! +4%<! $+! "V1$-R4+*5&++! W=5&0+>! $53! +*--B! (5&+! -*)&! "7! )5(=! =<$.! B(4! 3*3! -$+.
+411&06>
F$9&+2! (0! /$5! ,$9&+2! $0&! /(0! &++&5.*$--B! $5B.<*59! $53! $5B(5&! .<$.
+(1&(5&!=(4-3!%$0&!.(!/$56!E:&0B.<*59!/0(1!W0&(+!.(!0(%)!'$53+!%$5
<$:&!$!,$9&6
#$%&'(()!&:&5.+!%$5!'&!+&.!4,!.(!$..0$%.!,$0.*%*,$5.+!.(!$5B!-*:&!(0
:*0.4$-!&:&5.6
#$%&'(()! 0&%&5.-B! %<$59&3! *.+! -(()2! $53! .<&! -(()! (/! 1$5B! (/! *.+
%(1,(5&5.+!<$+!$-+(!%<$59&36!G<*+!*+!(/.&5!0&/&00&3!.(!$+!.<&!"5&=
#$%&'(()6>!#$%&'(()!<$+!9(5&!/0(1!'&*59!$!K4+.!$!+(%*$-!5&.=(0)!/(0
%(--&9&!+.43&5.+!.(!$!+(%*$-!%&5.&0!/(0!,&(,-&!$53!'4+*5&++&+!/0(1!$-=$-)+! (/! -*/&2! $53! *.! <$+! <$3! .(! &:(-:&! .(! )&&,! 4,6! R4.! $-.<(49<
#$%&'(()!*+!%(5+.$5.-B!%<$59*59!.(!)&&,!4,!=*.<!3&1$532!$!-(.!(/!.<&
'$+*%+!0&1$*5!.<&!+$1&6

C'D5-"#$%&''(-E5'F*1%
G<*+! *+! =<&0&! *.! $--! '&9*5+6! M(40! #$%&'(()! ,0(/*-&! *+! B(40! ,&0+(5$+,$%&2!B(40!'*--'($032!B(40!%$--*59!%$03N!I!,0(/*-&!*+!5(.!/(0!'4+*5&++&+6
I! #$%&'(()! ,0(/*-&! *+! /(0! *53*:*34$-+! (5-B6! M(40! ,0(/*-&! *+! %0&$.&3
$4.(1$.*%$--B!=<&5!B(4!+*95!4,!/(0!$!#$%&'(()!$%%(45.6!7/!B(4!3(58.
=$5.! .(! %(55&%.! B(40! ,&0+(5$-! 5$1&! =*.<! B(40! '4+*5&++2! /*53! $5
&1,-(B&&!=<(!*+!=*--*592!'&%$4+&!B(4!%$58.!3(!$5B.<*59;K(*5!90(4,+2
1$5$9&! ,$9&+2! $53! +(! (5;(5! #$%&'(()! =*.<(4.! /*0+.! <$:*59! $5
$%%(45.6
M(40!,0(/*-&!*+!<(=!B(4!IGGJIXG!,&(,-&!*5*.*$--B2!$+!=&--!$+!<(=!B(4
9&.!.<&1!*5.0*94&3!&5(49<!.(!:*+*.!B(40!=&'+*.&!Y(//!(/!#$%&'(()Z6!M(4
$..0$%.!.<&1!'B!+<(=%$+*59!B(40!&H,&0.*+&!$53!+<$0*59!:$-4&6
G(! 1$)&! +40&! B(4! 453&0+.$53! <(=! .(! 1$)&! .<&! 1(+.! (/! B(40
#$%&'(()!,0(/*-&2!7!4+&!1B!(=5!,0(/*-&!$+!$5!&H$1,-&6

G%F+-<'1DH2
[&.8+!-(()!$.!B(40!-&/.!%(-415!/*0+.6

I*9,+-<'1DH2
G<&!0*9<.!%(-415!*+!14%<!=*3&0!$53!*+!B(40!%0&$.*:&!+,$%&N

J+#+D4-3K6#+%4-LC'D5-)#11M
Q<&5!B(4!-(9!*5!.(!#$%&'(()2!B(4!$0&!$+)&3S!"Q<$.8+!(5!B(40!1*53P>
G<*+!*+!$!:&0B!.0*%)B!T4&+.*(52!'&%$4+&;-&.8+!/$%&!*.;-(.+!(/!.<(49<.+
045!.<0(49<!(40!1*53+2!$53!*/!=&!+<$0&3!$--!(/!.<&12!*.!=(4-3!%0&$.&!$!-(.
(/!5(*+&6!\(!(5&!0&$--B!%$0&+!*/!B(4!K4+.!<$3!'0&$)/$+.2!$0&!9&..*59!$5!(*%<$59&2!(0!K4+.!30(,,&3!(//!B(40!)*3+!$.!+%<((-6
]+&!.<&!+.$.4+!4,3$.&+!*5!$!+.0$.&9*%!=$B6!V<$0&!*1,(0.$5.!'4+*5&++
5&=+^! $55(45%&! &:&5.+2! 9*:&! $3:*%&2! $53! ,0(:*3&! :$-4&6! V.$.4+
4,3$.&+! $0&! 0&$--B! .<&! <&$0.! (/! #$%&'(()2! '&%$4+&! .<&B! %0&$.&! $5
(59(*59!*1,0&++*(5!(/!.<&!,&0+(5!,(+.*59!.<&16!"W<2!_(&;<&!*+!+4%<
$!,$0.*&06!_4+.!-(()!$.!<*+!#$%&'(()!4,3$.&+N>!"_$5&;+<&!*+!+4%<!$
9*:&0N!V<&!*+!%(5+.$5.-B!+<$0*59!.*,+!=*.<!4+6>!W5-B!+<$0&!=<&5!=<$.!B(4
$0&! 3(*59! 1$.%<&+! B(40! '0$53! $53! ,0(:*3&+! :$-4&6! 75! .<&! /(--(=*59
&H$1,-&2!7!1&5.*(5!.<$.!7!$1!/*5*+<*59!4,!1B!'(()6!G<*+!0&1*53+!,&(,-&
.<$.!7!$1!=0*.*59!$!'(()^!*.!'4*-3+!%40*(+*.BN!F-4+2!*.8+!9((3!*5/(01$.*(5
/(0!$5B(5&!$=$*.*59!*.+!0&-&$+&!.(!<$:&6

V.$.4+!4,3$.&+!$0&!$-+(!90&$.!/(0!+.$0.*59!%(5:&0+$.*(5+6!M(4!Y$53
B(40!/0*&53+Z!<$:&!.<&!$'*-*.B!.(!%(11&5.!(5!$5B!+.$.4+!B(4!,(+.6!7.8+!$
T4*%)!=$B!.(!'4*-3!.(!+.0(59&0!0&-$.*(5+<*,+6

G<&! /(--(=*59! $0&! .<0&&! +.(0*&+! .<$.! *--4+.0$.&! <(=! 7! <$:&! -&:&0$9&3
#$%&'(()!\(.&+!$53!+.$.4+!4,3$.&+!.(!/40.<&0!1B!'4+*5&++6
` 6!J2#99%6- #- 4K%#(*29- %29#9%H%2+N! 7! ,(+.&3! .<$.! 7! =$+
+,&$)*59! $.! $! -(%$-! a$--$+;#(0.! Q(0.<! &:&5.! (5! #$%&'(()
1$0)&.*596!I5(.<&0!-(%$-2!E-*b$'&.<!C$0+<$--2!%$49<.!.<&!4,3$.&
$53!$+)&3!*/!7!=$+!=*--*59!.(!+,&$)!.(!<&0!90(4,!(5!.<&!+$1&
.(,*%6!7!+$*3!B&+2!$53!=&!+((5!3*+%(:&0&3!.<$.!=&!=&0&!$-41+!(/
.<&!+$1&!<*9<!+%<((-;$53!&:&5!+<$0&3!$!/$:(0*.&!.&$%<&0N![*b
$53!7!<$:&!9(5&!(5!.(!'&%(1&!9((3!/0*&53+!$53!<$:&!,$0.5&0&3
(5!1$5B!(%%$+*(5+!+*5%&6

c 6!I%$%*O%6-#-K5%44-'KK'5+D2*+@N!W5&!3$B!7!9(.!$! ,<(5&! %$-/0(1! $! -(%$-! Gd! +.$.*(56! G<&B! =&0&! 3(*59! $! +&91&5.! (5
#$%&'(()! $53! =$5.&3! .(! *5.&0:*&=! 1&6! L(=! 3*3! .<&B! )5(=
$'(4.! 1&P! I! 0&,(0.&0! /0(1! I4+.*5! <$3! +&&5! 1B! 4,3$.&+! (5
#$%&'(()!$53!)5&=!7!+,()&!(5!.<&!.(,*%6!V<&83!9*:&5!.<&1!1B
5$1&6
@6!P4+#&1*4,%6-%QK%5+*4%N!V&$0%<!&59*5&!(,.*1*b$.*(5!YVEWZ!*+
$! ,$0.! (/! =<$.! 1B! %(1,$5B! 3(&+6! Q<&5! =&! +4%%&&3&3! *5
9&..*59! (5&! (/! (40! %-*&5.8+! )&B=(03+! *5! .<&! U((9-&! .(,! .&52! 7
,(+.&3!$5!4,3$.&!$'(4.!*.6!7.!=$+!$!90&$.!=$B!.(!+<(=%$+&!(40
=(0)! '&%$4+&! *.! &+.$'-*+<&3! (40! &H,&0.*+&! *5! .<&! $0&$! $53
0&1*53&3! ,&(,-&! (/! =<$.! =&! %$5! 3(6! 7.! $-+(! +<(=%$+&3! 1B
9&54*5&!&H%*.&1&5.!(:&0!(40!0&+4-.+6

?2F'5H#+*'2-J%$+*'2
G<&!*5/(01$.*(5!+&%.*(5!*+!=<&0&!B(4!=$5.!.(!+<(=%$+&!B(40+&-/!*5!.<&
'&+.!-*9<.6!Q<&0&$+!&:&0B.<*59!&-+&!(5!#$%&'(()!9&.+!4,3$.&3!/$*0-B
0&94-$0-B2! .<*+! $0&$! 0&1$*5+! 1(0&! (0! -&++! .<&! +$1&;45-&++! B(4
%<$59&!B(40!/$:(0*.&!1(:*&+!(5!$!0&94-$0!'$+*+N
#*--! (4.! B(40! *5/(01$.*(5! +&%.*(5! $+! ,0(/&++*(5$--B! $53! ,40,(+&/4--B
$+! ,(++*'-&6! 7! %$58.! +.0&++! .<*+! &5(49<6! E:&5! .<(49<! .<*+! *+! B(40
,&0+(5$-!,0(/*-&2!,&(,-&!=*--!K439&!B(4!,0(/&++*(5$--B!'B!*.6!G<*+!3(&+58.
1&$5! B(4! %$58.! <$:&! $! -*/&6! RB! $--! 1&$5+2! +<$0&! B(40! *5.&0&+.+! $53
<(''*&+;'4.! 3(58.! +<$0&! $5B.<*59! .<$.! B(4! =(4-358.! +<$0&! =*.<! $
+.0$59&0!(5!.<&!+.0&&.6
M(40!,0(/*-&!*5/(01$.*(5!+<(4-3!'&!&5.&0&3!=*.<!$!,40,(+&!*5!1*536
I0&! B(4! 9(*59! .(! 4+&! #$%&'(()! .(! $..0$%.! 1(0&! ,&(,-&! .(! B(40
'4+*5&++2!(0!$0&!B(4!9(*59!.(!4+&!*.!.(!$..0$%.!B(40!5&H.!K('P!Q<$.!3(
B(4!=$5.!+(1&(5&!.(!=$-)!$=$B!=*.<!$/.&0!-(()*59!$.!B(40!,0(/*-&P

R*6-@'D-(2'8-+,#+-1#8@%54-$#2-1''(-DK-@'D5-"#$%&''(-K5'F*1%
#26-D4%-*+-+'!!"#$%! 8,%+,%5-@'D-4,'D16-&%-'2-#-SD5@A-C%4:-+,%
*2F'5H#+*'2-@'D-KD+-DK-'2-"#$%&''(-$#2-&%-D4%6-#4-%O*6%2$%
*2-#-$'D5+-'F-1#8T
M(40!*5/(01$.*(5!+&%.*(5!*+!'0()&5!3(=5!*5.(!$!/&=!+&91&5.+S
?!G<&!/*0+.!+&91&5.!*+!B(40!'$+*%!*5/(01$.*(56
?!G<&!+&%(53!+&91&5.!*+!/(0!",&0+(5$-!*5/(01$.*(56>
?!G<&!/*5$-!+&91&5.!*+!=<&0&!B(4!%$5!+<$0&!B(40!&34%$.*(5!$53
=(0)!<*+.(0B6

"#$%&''(-U#2*+@-3IGJ
\(.!.((!-(59!$9(2!#$%&'(()!'&9$5!$--(=*59!,&(,-&!.(!%<((+&!$!:$5*.B
]J[!.<$.!=(4-3!&$+*-B!$--(=!.<&1!.(!+<$0&!.<&*0!,0(/*-&!$330&++6!75+.&$3
(/! <$:*59! .(! +&$0%<! /(0! /0*&53+! (0! 1&1(0*b&! $! -(59! #$%&'(()! ]J[
Y4+4$--B!/*--&3!=*.<!0$53(1!541'&0+!$53!-&..&0+Z2!B(4!%(4-3!%0&$.&!B(40
,&0+(5$-*b&3! ]J[! .(! 3*0&%.! /(-)+! .(6! C*5&2! /(0! &H$1,-&2! *+
===6/$%&'(()6%(1eV<$1$Gd6!M(4!%$5!%0&$.&!B(40+!'B!3(=5-($3*59
#$%&'(()8+! "C&1(0$'-&! Q&'! I330&++>! $,,-*%$.*(5! Y1(0&! $'(4.
$,,-*%$.*(5+!-$.&0!*5!.<&!%<$,.&0Z6!R&!+40&!.(!9&.!(5&!.<$.!1$.%<&+!B(40
5$1&!$53e(0!'0$536!V*5%&!1B!=&'!Gd!+<(=!*+!%$--&3!V<$1$6Gd2!$53
K4+.! V<$1$! =$+! .$)&52! 7! =&5.! =*.<! V<$1$Gd! M(4! =$5.! .(! $:(*3
$5B.<*59! :4-9$0! (0! 0$53(12! +4%<! $+! V.$0Q$0+[(:&0! (0! X4.*&F*&`c@6
#*0+.! .0B! B(40! /*0+.! $53! -$+.! 5$1&! (0! $! %(1'*5$.*(5! .<&0&(/6! a(58.! '&
3*+<&$0.&5&3! */! .<&! 5$1&! (/! B(40! %<(*%&! *+! .$)&5^! #$%&'(()! :$5*.B
]J[+! $0&! 5(.! .<&! '&D$--! $53! &53D$--! (/! B(40! +(%*$-! 5&.=(0)*59
&H,&0*&5%&6

"#$%&''(-E5*O#$@-J%++*294
75! 0&%&5.! 1(5.<+2! #$%&'(()! <$+! %0&$.&3! +(1&! :&0B! 0('4+.! ,0*:$%B
+&..*59+2! $--(=*59! B(4! .(! 3&%*3&! =<(! 9&.+! .(! :*&=! =<$.! ,$0.! (/! B(40
#$%&'(()! ,0&+&5%&6! #(0! &H$1,-&2! B(4! 1$B! $--(=! &:&0B(5&! .(! +&&
B(40!'$+*%!,0(/*-&!'4.!(5-B!$!+&-&%.!/&=!.(!+&&!B(40!,*%.40&+6!M(4!%$5
%(5.0(-! B(40! ,0*:$%B! +&..*59+! 'B! %<((+*59! V&..*59+! $53! .<&5! F0*:$%B
V&..*59+!/0(1!.<&!.(,!1&54!'$06
I! =(03! (/! %$4.*(5! <&0&S! $-.<(49<! B(4! %$5! %&0.$*5-B! 1$)&! .<*59+
,0*:$.&2! 5(.<*59! *+! `AA! ,&0%&5.! +&%40&6! #$%&'(()2! $/.&0! $--2! *+! K4+.! $
=&'+*.&6!7.!%$5!&H,&0*&5%&!9-*.%<&+6!7/!$!9-*.%<!(%%40+!$53!B(40!,0*:$.&
*5/(01$.*(5! *+! 1$3&! ,4'-*%2! 1$)&! +40&! *.! *+58.! $5B.<*59! .<$.! =(4-3
%$4+&! B(4! &1'$00$++1&5.6! I-+(! )&&,! *5! 1*53! .<$.! B(40! #$%&'(()
/0*&53+! 1$B! +<$0&! B(40! *5/(01$.*(5! =*.<! (.<&0+;*5.&5.*(5$--B! (0
45*5.&5.*(5$--B6!7!,&0+(5$--B!)5(=!1$5B!,&(,-&!=<(!-&.!(.<&0+2!+4%<!$+
'(++&+!(0!+,(4+&+2!4+&!.<&*0!$%%(45.!.(!'0(=+&!#$%&'(()6
I9$*52!5&:&0!+<$0&!$5B.<*59;,4'-*%-B!(0!,0*:$.&-B;.<$.!B(4!=(4-358.
'&!%(1/(0.$'-&!+<$0*59!=*.<!$!%(1,-&.&!+.0$59&06

B'8-+'->D*16-C'D5-"#$%&''(-"5*%264,*K->#4%
a(&+!.<&!541'&0!(/!/0*&53+!B(4!<$:&!1$..&0P!M&+2!.(!$!3&90&&6!a(&+
.<*+!1&$5!B(4!+<(4-3!('+&++!(:&0!'4*-3*59!B(40!541'&0+P!\(6!L$:*59
1(0&! /0*&53+! *+! 90&$.2! '&%$4+&! *.! 1&$5+! B(4! <$:&! $! '*99&0! ,((-! .(
5&.=(0)! =*.<6! M(4! %$5! 4+&! #$%&'(()! .(! )&&,! 4,! =*.<! %400&5.
%4+.(1&0+!$53!:&53(0+2!$53!B(4!%$5!$-+(!4+&!*.!.(!1&&.!5&=!,&(,-&6
R4.! $! -(.! (/! ,&(,-&! 9&.! +.4%)! (5! .<&! =(03! "/0*&53+>! $53! &T4$.&! .<&*0
/0*&53!541'&0!=*.<!.<&*0!=(0.<6!J&1&1'&0!.<$.!(5!#$%&'(()2!"/0*&53>
K4+.!1&$5+!+(1&(5&!B(4!)5(=6
M(4!3(!=$5.!.(!/(%4+!(5!<$:*59!$!<*9<DT4$-*.B!90(4,!.(!5&.=(0)!=*.<6
[&.8+! -(()! $.! .<0&&! =$B+! B(4! %$5! +.$0.! '4*-3*59! $! T4$-*.B! /0*&53+<*,
'$+&6
` 6!34%- +,%- +''14- +,#+! "#$%&''(- K5'O*6%4- 8,%2- @'D- F*54+
$5%#+%- #2- #$$'D2+T! W5&! .((-! =*--! -(()! .<0(49<! B(40! &1$*$330&++!'(()!.(!+&&!=<(!*5!*.!*+!$-0&$3B!4+*59!#$%&'(()6!G<*+
*+!$!T4*%)!=$B!.(!/*53!,&(,-&!B(4!$-0&$3B!)5(=6!M(4!%$5!+&53!$
/0*&53!0&T4&+.!.(!$5B(5&!B(4!=$5.2!'4.!+.$0.!=*.<!9((3!/0*&53+
$53!%(--&$94&+!+(!B(4!%$5!+.$0.!.(!'4*-3!B(40!5&.=(0)!/$+.6!I-+(2
3(58.! '&! +40,0*+&3! */! .<&! /*0+.! .*1&! B(4! -(9! (52! B(4! +&&! /0*&53
0&T4&+.+! =$*.*59! /(0! B(4! .(! $,,0(:&6! C(0&! ,&(,-&! .<$5! B(4
0&$-*b&!1$B!$-0&$3B!'&!(5!#$%&'(()!$53!-(()*59!/(0!B(4N
c 6!>5*29- 'FF1*2%- 2%+8'5(*29- '21*2%T! Q<&5! B(4! 9(! .(
%(5/&0&5%&+! (0! 1*H&0+! $53! '0*59! <(1&! $! +.$%)! (/! '4+*5&++
%$03+2!+&$0%<!/(0!.<(+&!,&(,-&!(5!#$%&'(()2!$53!$33!.<&1!$+
/0*&53+6! G<&5! .<0(=! $=$B! .<&*0! %$03+N! #$%&'(()! =*--! &:&5
0&1*53!B(4!(/!.<&*0!'*0.<3$B+6
@ 6!34%- #- F'58#56%6- 6'H#*2- 2#H%T! #$%&'(()! $--(=+! &$%<
,0(/*-&!$!:$5*.B!]J[!'4.2!.(!1$)&!*.!&:&5!&$+*&0!/(0!B(40!/0*&53+
.(!/*53!B(42!'4B!$!3(1$*5!5$1&!$53!<$:&!*.!/(0=$03&3!.(!B(40
#$%&'(()!
,0(/*-&6!
C*5&2!
/(0!
&H$1,-&2!
*+
===6V<$1$LB3&06%(16! G<$.! ]J[! .$)&+! B(4! 3*0&%.-B! .(! 1B
#$%&'(()!,0(/*-&6!M(4!%$5!$-+(!%0&$.&!45*T4&!3(1$*5!5$1&+

/(0! B(40! #$%&'(()! 90(4,+! $53! ,$9&+6! G<*+! .&%<5*T4&! *+

&+,&%*$--B!4+&/4-!*/!B(40!5$1&!*+!1(0&!%(11(56
C$0)&.*59! =*.<! +(%*$-! 1&3*$! <$+! %0&$.&3! $5! &T4$-2! -&:&,-$B*59! /*&-3! /(0! .<*+! 5&=! &0$! *5! '4+*5&++6! 7.! <$+! 9*:&5
,&0+(5$-!'0$53+!$5!(,,(0.45*.B!.(!%(1,&.&!=*.<!'*9!'0$53+6
E5.0&,0&5&40+!3(58.!<$:&!.(!<$:&!$!'*9!'439&.!(0!$!-(.!(/
%$,*.$-! .(! ,(+*.*(5! .<&1+&-:&+! $+! $! .<(49<.! -&$3&0! *5! .<&*0
*534+.0B6!I+! +(1&(5&! =<(! +.$0.&3! =*.<(4.! $! '*9! /(--(=*592
3$.$'$+&2!(0!'*9!'439&.2!1$0)&.*59!=*.<!+(%*$-!1&3*$!9$:&
1&! .<&! %<$5%&! .(! ,(+*.*(5! 1B+&-/! $+! $5! $4.<(0*.B! *5! .<&
1$0)&.*59! $0&5$6! \(=! $5B(5&! =*.<! $! ,$++*(5! $53! $
1&++$9&!%$5!3(!.<&!+$1&!.<*59!$53!'4*-3!$!-(B$-!.0*'&6!S
!
I-&K$530(!J&B&+2

'4((-556$$"2($3

<5%#+*29-#-V"5*%26*29W-E'1*$@
G<&!1(+.!%(11(5!3*-&11$!,&(,-&!&5%(45.&0!(5!#$%&'(()!*+!=<(!.(
"/0*&536>! Q<&5! "/0*&53+<*,>! *+! -((+&-B! 3&/*5&3! $+! $! 5&.=(0)! (/
$++(%*$.&3!%(5.$%.+2!<(=!3(!B(4!,0(%&&3P!G<&!'&+.!=$B!.(!9(!$'(4.
.<*+! *+! .(! <$:&! $! ,(-*%B! *5! ,-$%&! '&/(0&! B(4! +.$0.! 4+*59! #$%&'(()6
V(1&! ,&(,-&! (5-B! $%%&,.! ,&(,-&! $+! /0*&53+! $/.&0! <$:*59! 1&.! .<&1
(//-*5&6!W.<&0+!<$:&!$5!(,&5D3((0!,(-*%B6!M(4!<$:&!.(!%<((+&!=<$.!B(4
$0&!%(1/(0.$'-&!=*.<6!L(=&:&02!*/!B(4!$0&!4+*59!#$%&'(()!.(!1$0)&.
B(40!'4+*5&++!$53!$..0$%.!5&=!,&(,-&2!.<&5!B(4!3(58.!=$5.!.(!%-(+&!(//
B(40!5&.=(0)!.(!(5-B!.<(+&!B(4!)5(=6!CB!,(-*%B!*+!(,&5!3((0S!"/0*&53>
45-&++!,0(:&5!(.<&0=*+&6!7!0&$%<!1(0&!,&(,-&!.<0(49<!1B!=(0)!$53!1B
+,&$)*59! &59$9&1&5.+! .<$5! 7! )5(=6! G(! )&&,! .<&! 3((0+! (/

%(1145*%$.*(5! (,&52! 7! =&-%(1&! $--! 7! 1&&.! .(! %(55&%.! =*.<! 1&! (5

#$%&'(()6!7/!+(1&(5&!+,$1+!1&!(0!3(&+!+(1&.<*59!*5$,,0(,0*$.&2!7
0&1(:&! <*1! (0! <&06! YW5! .<&! '(..(1! -&/.! (/! &$%<! ,&0+(58+! ,0(/*-&! *+! $
"J&1(:&!/0(1!#0*&53+>!-*5)6!G<$.8+!$--!*.!.$)&+6Z!7!3*+%4++!<(=!.(!%0&$.&
$!+(%*$-!1&3*$!,(-*%B!/(0!B(40!(:&0$--!'4+*5&++!-$.&0!*5!.<&!'(()6

"#$%&''(-75'DK4
#$%&'(()!90(4,+!$0&!$!90&$.!=$B!.(!1&&.!Y$53!%(--&%.NZ!,&(,-&!=*.<
+*1*-$0!*5.&0&+.+!(0!,0('-&1+!Y.<$.!B(4!%$5!+(-:&NZ6!I!#$%&'(()!90(4,
%$5!'&!/(01&3!$0(453!$5B!.(,*%!(0!*3&$2!$53!B(4!%$5!3*0&%.-B!1&++$9&
4,!.(!f2AAA!1&1'&0+6!G<&!'&+.!,$0.!*+!.<$.!B(4!%$5!1&++$9&!$--!.<&
1&1'&0+! *5! B(40! 90(4,2! $53! .<&! 1&++$9&! 9(&+! 3*0&%.-B! *5.(! .<&*0
*5'(H&+!$+!*/!B(4!<$3!1&++$9&3!&$%<!(/!.<&1!*53*:*34$--B6!U0(4,+!$0&
:&0B! 14%<! -*)&! (5-*5&! /(041+6! #(041+! $0&! $! 1(3&05! &T4*:$-&5.! (/! $
.0$3*.*(5$-!'4--&.*5!'($03S!$!,-$%&!=<&0&!4+&0+!9&5&0$.&!%(5.&5.2!<(+.
3*+%4++*(5+2! $53! %0&$.&! $! %(1145*.B! (/! +(0.+6! W5! #$%&'(()2! .<&
(=5&0!(/!$!90(4,!+&0:&+!$+!*.+!1(3&0$.(06
Q<&5&:&0! (5&! (/! 1B! %-*&5.+! *+! %(5+*3&0*59! $! /(0412! 7! 0&%(11&53
.<$.!<&!(0!+<&!-(()!*5.(!#$%&'(()!90(4,+!/*0+.6!G<&B!$0&!$!/$'4-(4+!=$B
.(!%0&$.&!B(40!%(1145*.B!/(0!/0&&6!M(4!%$5!/*53!90(4,+!'B!%-*%)*59!(5
.<&!U0(4,+!*%(5!Y(5!.<&!-&/.!+*3&!(/!.<&!'(..(1!1&54!'$0Z6!#0(1!.<&
U0(4,+!,$9&2!B(4!%$5!4+&!.<&!R0(=+&!U0(4,+!-*5)!.(!+&$0%<!/(0!(5&+
.<$.!1$.%<!B(40!*5.&0&+.+2!(0!B(4!%$5!4+&!.<&!V&$0%<!/*&-3!.(!+&$0%<!/(0
+,&%*/*%! 90(4,+6! M(4! %$5! $-+(! *5:*.&! /0*&53+! .(! K(*5! B(40! 90(4,6! I
,&0+(5!3(&+58.!<$:&!.(!'&!B(40!#$%&'(()!/0*&53!.(!K(*5!B(40!90(4,2!'4.
B(4!%$5!Y$53!+<(4-3Z!*5:*.&!/0*&53+!B(4!.<*5)!=(4-3!'&!*5.&0&+.&3!.(!K(*56
M(4!3(58.!=$5.!.(!*5:*.&!,&(,-&!'-*53-B2!<(=&:&06![&.8+!+$B!B(40!90(4,!*+
$--! $'(4.! +.$BD$.D<(1&! 1(1+6! M(4! =$5.! .(! +,&%*/*%$--B! *5:*.&! .<(+&
/0*&53+!=<(!B(4!)5(=!$0&!1(1+6
7/! B(4! =$5.! .(! %0&$.&! $! %(1145*.B! $53! ,0(:*3&! :$-4&2! 7! <*9<-B
0&%(11&53!+.$0.*59!B(40!(=5!90(4,!Y=<*%<!B(4!%$5!$-+(!3(!/0(1!.<&
U0(4,+! ,$9&Z6! IXG! R-4&,0*5.! *+! 1B! #$%&'(()! 90(4,! /(0! ,&(,-&
*5.&0&+.&3! *5! (5-*5&! 1$0)&.*59! Y+&&! .<&! 90$,<*%! '&-(=Z6! 7! 4+&! *.! .(
,0(:*3&! :$-4&2! $..0$%.! 1(0&! ,&(,-&! .(! 1B! '0$532! $53! &34%$.&! $.! .<&
+$1&!.*1&6
J&1&1'&0S! M(4! %$55(.! 1&++$9&! $--! .<&! 1&1'&0+! *5! B(40! 90(4,
(5%&!B(4!<$:&!1(0&!.<$5!f2AAA!1&1'&0+6!L(=&:&02!3(58.!=(00B!$'(4.
.<*+! =<&5! B(4! $0&! 9&..*59! +.$0.&36! X<$5%&+! $0&! .<$.! #$%&'(()! =*--

*5%0&$+&!.<&+&!-*1*.+!(:&0!.*1&6
a(!5(.!%0&$.&!$!90(4,!$0(453!B(40!'0$53!(0!'4+*5&++6!G<*+!*+!=<$.
Y$+!=&!=*--!+((5!3*+%4++Z!,$9&+!$0&!/(06!U0(4,+!$0&!'&+.!'4*-.!$0(453
$5!*3&$2!$!.<(49<.2!(0!$!.(,*%6!W5-*5&!1$0)&.*59!*+!$!.(,*%!.<$.!7!$1!:&0B
,$++*(5$.&!$'(4.!$532!<&5%&2!7!<$:&!'4*-.!$!90(4,!$0(453!.<$.6

G<*5)!$'(4.!.<&!,0('-&1!B(40!%(1,$5B!+(-:&+6!G<&5!'4*-3!$!90(4,
$0(453! .<$.! .(,*%6! Q<$.! */! .<&0&! *+! $-0&$3B! $! 90(4,! =*.<! .<$.! .(,*%P
U0&$.N!U&.!*5:(-:&3!*5!*.2!'4.!/(--(=!.<&!04-&+6!7/!B(4!+&&!$!90(4,!B(4!-*)&2
B(4! %$5! +*1,-B! %-*%)! "_(*5! .<*+! U0(4,>! (5! .<&! 0*9<.D<$53! +*3&! (/! .<&
90(4,8+! ,$9&6! V(1&! $31*5*+.0$.(0+! $--(=! &:&0B(5&! .(! ,(+.^! (.<&0+
1(3&0$.&6!M(4!%$5!$-+(!/*53!$!3*//&0&5.!$59-&!(5!.<&!+$1&!.(,*%!$53
+.$0.! B(40! (=5! 90(4,6! G<&0&! *+58.! $5B.<*59! =0(59! =*.<! .<*+6! M(4! $0&
&5.*.-&3!.(!'4*-3!B(40!(=5!%(1145*.B6
Q<$.!$--!%$5!B(4!3(!=*.<!#$%&'(()!90(4,+P
?! C$++D1&++$9&! 90(4,! 1&1'&0+! Y4,! .(! f2AAAZ6! #$%&'(()
1&1'&0+!.&53!.(!<$:&!$!<*9<&0!0&+,(5+&!0$.&!.<$5!&1$*-!-*+.+6

G<*+!*+!90&$.!/(0!%(5:&0.*59!1&1'&0+!*5.(!%-*&5.+!(0!%4+.(1&0+
(:&0! .*1&6! Q<&5! .<*+! '(()! /*0+.! %$1&! (4.! *5! &'(()! /(012! .<&
1$K(0*.B!(/!'4B&0+!=&0&!1&1'&0+!(/!1B!IXG!90(4,6
?!F0(:*3&!:$-4&!$53!*5%0&$+&!:*+*'*-*.B6!G<*+!=$B2!1(0&!,&(,-&!+&&
B(4!$53!0&%(95*b&!B(4!$+!$5!&H,&0.6
?!F(+.!0&-&:$5.!,*%.40&+!$53!:*3&(+6!G<*+!,0(:*3&+!%(5.&5.!$+!=&-$+! <&-,+! B(40! 90(4,! 1&1'&0+! /&&-! -*)&! .<&B! $0&! ,$0.!(/! .<&
%(1145*.B6! [&.8+! +$B! B(4! 045! $! =&33*59! 30&++! '(4.*T4&2! $53
B(4! +.$0.! $! 90(4,! %$--&3! "R0*3&+D.(DR&! ]5*.&N>! =<&0&! B(4
,0(:*3&! .*,+! (5! <(=! .(! <$:&! $! 90&$.! =&33*596! M(4! %$5! ,(+.
,*%.40&+!(/!B(40!-$.&+.!30&++&+!$53!%0&$.&!+<(0.!:*3&(+!(5!<(=
.(!%<((+&!.<&!0*9<.!30&++2!<(=!-(59!+<(4-3!B(4!=$*.!'&/(0&!B(4
9(!+<(,,*59!/(0!*.2!$53!<(=!.(!/*H!-$+.D1*54.&!.&$0+6
?! ]+&! .<&! 3*+%4++*(5! '($03! .(! +.$0.! 1&$5*59/4-! 3*+%4++*(5+! $53
3*+%(:&0!,0('-&1+!.<$.!B(40!,(.&5.*$-!%-*&5.+!(0!%4+.(1&0+!1$B
'&!<$:*596
?! R4*-3! $! %(1145*.B! (/! ,&(,-&! =<(! .04+.! B(46! g&:*5! g&--B2
%(/(453&0!(/!Q*0&3!1$9$b*5&2!,(+.&3!(5!<*+!+*.&!$5!&H%&--&5.
$0.*%-&!%$--&3!"`2AAA!G04&!#$5+6>!7.!$094&+!.<$.!B(4!3(58.!5&&3
1*--*(5+!(/!/$5+!.(!3(!=&--6!M(4!K4+.!5&&3!`2AAA!,&(,-&!=<(!=*-'4B! &:&0B.<*59! B(4! +&--! $53! .04+.! B(4! .(! +&0:&! .<&16! L&! =$+
.$-)*59!$'(4.!'$53+2!'4.!.<&!%(5%&,.!$,,-*&+!.(!&:&0B(5&6!7/!B(4
$0&!$!%(5+4-.$5.2!/(0!&H$1,-&2!B(4!3(58.!5&&3!`AA!%(1,$5*&+!.(
<*0&!B(46!M(4!5&&3!1$B'&!.&5!(0!.=&5.B!.<$.!=*--!%(5+*+.&5.-B!<*0&
B(4!.(!,0(34%&!0&+4-.+6
G<&!/(--(=*59!$0&!+*H!=$B+!B(4!%$5!,0(1(.&!B(40!#$%&'(()!90(4,6
`6!C$)&!*.!&$+B!/(0!,&(,-&!.(!K(*5!B(40!90(4,N!R4B!$!3(1$*5!5$1&
/(0! B(40! #$%&'(()! 90(4,! $53! <$:&! *.! /(0=$03&3! .(! .<&
#$%&'(()!90(4,!$330&++!Y=<*%<!*+!$-=$B+!-(59!$53!3*//*%4-.!.(
0&1&1'&0Z6! #(0! &H$1,-&2!===6I%.R-4&,0*5.6%(1=*--! .$)&! B(4
3*0&%.-B!.(!1B!#$%&'(()!90(4,6!M(4!%$5!,4.!.<&!3(1$*5!5$1&
(5!B(40!'4+*5&++!%$03+6
c6!V<$0&!.<&!-*5)!.(!B(40!#$%&'(()!90(4,!(5!B(40!,0(/*-&6!75%-43&!$
5(.&! $'(4.! =<B! B(4! %0&$.&3! .<&! 90(4,! $53! =<$.! B(4! <(,&
1&1'&0+!=*--!9&.!(4.!(/!*.6
@6!F4.!.<&!]J[!/(0!B(40!#$%&'(()!90(4,!*5!B(40!&1$*-!+*95$.40&6

h6!75:*.&!/0*&53+!/0(1!(.<&0!+(%*$-!5&.=(0)+!.(!K(*56
f6!75:*.&!B(40!=&'+*.&!:*+*.(0+!.(!K(*5!'B!,-$%*59!$!90$,<*%!'4..(5!(5
B(40!+*.&6
i6!L(+.!9*:&$=$B+!$53!%(5.&+.+!/(0!B(40!%400&5.!1&1'&0+!+(!=(03
9&.+!$0(4536

ILIN!O&5!C(1&5.
M(4!3(58.!<$:&!.(!1$5$9&!B(40!90(4,Y+Z!B(40+&-/6!M(4!%$5
$++*95! 14-.*,-&! $31*5*+.0$.(0+! /(0! &$%<! 90(4,6! I+)! B(40
$++*+.$5.!.(!K(*5!$+!$5!$31*5*+.0$.(02!$53!-&.!<*1!(0!<&0!*5:*.&
5&=! 1&1'&0+! .(! .<&! 90(4,2! ,(+.! $0.*%-&+2! $53! $-&0.! B(4! */
.<&0&! *+! $! T4&+.*(5! +,&%*/*%$--B! /(0! B(46! W4.+(40%*59! 90(4,
4,)&&,2! =<*-&! +.*--! +.$B*59! %(55&%.&3! .(! .<&! ,&(,-&! *5! .<&
90(4,2!*+!$!90&$.!.*1&!+$:&06!

"#$%&''(-E#9%4
#$%&'(()!,$9&+2!(0!/$5!,$9&+2!$+!.<&B!$0&!+(1&.*1&+!%$--&32!=&0&
%0&$.&3!*5!-$.&!cAAj!'&%$4+&!#$%&'(()!=$5.&3!.(!9*:&!'4+*5&++&+!$
+,$%&! /(0! .<&*0! '0$53+! '4.! 3*358.! =$5.! '4+*5&++&+! .(! %0&$.&! ,0(/*-&+2
=<*%<! #$%&'(()! 0&+&0:&+! /(0! ,&(,-&6! 7/! #$%&'(()! /*53+! .<$.! $
'4+*5&++!<$+!%0&$.&3!$!,0(/*-&!*5+.&$3!(/!$!,$9&2!.<&B!=*--!%-(+&!.<&
$%%(45.6!G<*+!*+!=<B!B(4!+<(4-3!)&&,!B(40!,0(/*-&+!,&0+(5$-!$53!%0&$.&
$!7+,-!/(0!B(40!'4+*5&++6
F$9&+!$0&!14%<!1(0&!%4+.(1*b$'-&!.<$5!90(4,+2!$53!B(4!%$5!<$:&
$5!45-*1*.&3!541'&0!(/!/$5+6!G<&!'&+.!,$0.!*+!.<$.!,$9&+!$0&!*53&H&3
'B!U((9-&6!RB!3&/$4-.2!$--!/$5!,$9&+!$0&!,4'-*%6!G<$.!1&$5+!*/!+(1&(5&
+&$0%<&+! /(0! B(40! %(1,$5B! (0! /(0! )&B=(03+! .<$.! B(4! %(:&0! *5! B(40
,$9&2! B(40! ,$9&! =*--! +<(=! 4,! *5! U((9-&8+! +&$0%<! 0&+4-.+6! G<*+! *+! $5
&$+B! +.&,! .(=$03! +&$0%<! &59*5&! (,.*1*b$.*(56! L(=&:&02! B(4! %$55(.
1$++D1&++$9&!/$5+!.<&!+$1&!=$B!B(4!%$5!B(40!90(4,!1&1'&0+6!#$5
,$9&!4,3$.&+!+<(=!4,!*5!,&(,-&8+!+.$.4+!4,3$.&+!Y(5!.<&*0!Q$--+Z!'4.
5(.!*5!.<&*0!*5'(H&+6!G<*+!4+&3!.(!1$..&0!$!-(.2!'&%$4+&!4,3$.&+!=&0&
<$03! .(! -(%$.&! (5! ,&(,-&8+! <(1&! ,$9&+2! =<&0&! .<&B! 0$0&-B! %-*%)&36
\(=!4,3$.&+!$0&!-*+.&3!3*0&%.-B!'&-(=!1&++$9&+!*5!4+&0!*5'(H&+6

J,'D16-C'D-<5%#+%-#-"#2-E#9%-'5-#-75'DKA
R(.<!$0&!*1,(0.$5.!/(0!3*//&0&5.!0&$+(5+2!'4.!+.$0.!=*.<!$!/$5!,$9&6!7/!B(4
$0&! $5! &+.$'-*+<&3! %(1,$5B2! -*)&!gkX4*+*5&6%(1! Y=<(+&! ,$9&! *+
+<(=5!'&-(=Z2!.<&5!B(4!+<(4-3!$'+(-4.&-B!/(%4+!(5!B(40!,$9&!/*0+.6!M(4
=*--!5(.*%&!.<$.!.<&!/$5!,$9&!-(()+!$!-(.!-*)&!.<&!,0(/*-&!$53!<$+!1$5B
+*1*-$0! $..0*'4.&+6! I! ,$9&! $-+(! $--(=+! B(4! +.$.4+! 4,3$.&+2! $5
*5/(01$.*(5!+&%.*(52!$!.$'!/(0!1(0&!$,,-*%$.*(5+2!$53!1(0&6
I!90(4,!*+!$!90&$.!=$B!.(!'4*-3!$!%-(+&3!%(1145*.B!.<$.!B(4!540.40&
(:&0!.*1&2!=<&0&$+!$!/$5!,$9&!*+!$!,4'-*%!,-$./(01!/(0!0&$%<*59!1(0&
,&(,-&2!$53!*.!,0(:*3&+!1(0&!:*+*'*-*.B!/(0!B(40!'0$536!7.!*+!$-+(!90&$.!/(0

'4*-3*59! $! %(1145*.B! '4.! +$%0*/*%&+! $! "+1$--! 90(4,>! /&&-! /(0! ,4'-*%

:*+*'*-*.B6

B'8-+'-E5'H'+%-C'D5-"#$%&''(-E#9%
M(4! %$5! ,0(1(.&! B(40! #$%&'(()! ,$9&! .<&! +$1&! =$B! B(4! =(4-3! $
#$%&'(()!90(4,S!'B!+<$0*59!.<&!-*5)!(5!B(40!,0(/*-&!$53!$33*59!*.!.(
B(40! &1$*-! +*95$.40&2! -&..*59! B(40! =&'+*.&! :*+*.(0+! )5(=! $'(4.! *.2! $53
*5:*.*59!(.<&0!,&(,-&!.(!'&%(1&!/$5+6
M(4!%$5!$-+(!,40%<$+&!$!3(1$*5!5$1&!/(0!B(40!#$%&'(()!/$5!,$9&2
'4.!(5%&!B(4!<*.!`2AAA!/$5+2!#$%&'(()!=*--!$--(=!B(4!.(!<$:&!$!:$5*.B
]J[!/(0!B(40!,$9&6!M(4!%$5!4+&!.<*+!]J[!*5+.&$3!(/!.<&!-(59&0!]J[
.<$.!B(480&!*5*.*$--B!9*:&56

"#$%&''(-PO%2+4
#$%&'(()8+! &:&5.+! /&$.40&! $--(=+! B(4! .(! ,0(1(.&! $5B! &:&5.! (0
1*-&+.(5&6!7.!3(&+58.!&:&5!<$:&!.(!'&!$!,<B+*%$-!&:&5.6!d*0.4$-!&:&5.+2
-*)&!.&-&+&1*5$0+!$53!=&'*5$0+2!$-+(!T4$-*/B6
Q<&5! B(4! %0&$.&! $! #$%&'(()! &:&5.2! B(4! 9&.! $! /4--! ,$9&! /&$.40*59
B(40!&:&5.!Y=<*%<!-(()+!14%<!-*)&!$!90(4,!(0!,$9&Z6!I5!&H$1,-&!(/!$5
&:&5.+!,$9&!*+!+<(=5!'&-(=6

M(4!%$5!*5:*.&!/0*&53+!.(!B(40!&:&5.2!$+)!.<&1!.(!*5:*.&!.<&*0!/0*&53+2
$53!&:&5!%(--&%.!JVdF+6
I+!*.!3(&+!=*.<!,$9&+2!#$%&'(()!$--(=+!*53&H*59!(/!,4'-*%!&:&5.+6
G<*+!1&$5+!VEW!'&5&/*.+!/(0!B(4N
Q<$.!)*53+!(/!&:&5.+!%$5!B(4!,0(1(.&P

?![(%$-!-*:&!&:&5.+
?![*:&!&:&5.+!*5!(.<&0!%*.*&+
?!F&0/(01$5%&+
?!R(()!+*95*59+
?!G&-&+&1*5$0+
?!d*0.4$-!&:&5.+
?!F0(34%.!-$45%<&+
?!\&=!+.(0&!(,&5*59+
?!\(5,0(/*.!&:&5.+!Y=$-)+2!'&5&/*.+2!&.%6Z
?!F$0.*&+
?!E34%$.*(5$-!%-$++&+
?!C&&.*59+!Y/(01$-!(0!*5/(01$-Z

B'8-+'-<5%#+%-#2-PO%2+-'2-"#$%&''(
X-*%)!(5!I,,-*%$.*(5+!Y/(453!*5!.<&!-&/.!%(05&0!(/!.<&!'(..(1!1&54!'$0Z2
$53!%<((+&!E:&5.+!/0(1!.<&!,(,D4,!-*+.6!G<&5!%-*%)!"X0&$.&!$5!E:&5.>
Y-(%$.&3!$.!.<&!.(,!0*9<.!(5!.<&!$,,-*%$.*(5+!,$9&Z6!M(4!=*--!'&!9*:&5!$
+*1,-&!.<0&&D,$0.!/(012!-*)&!.<&!(5&!'&-(=2!.(!/*--!(4.6!\(.&!.<$.!B(4!%$5
<(+.!$5!&:&5.!,&0+(5$--B!(0!<(+.!.<0(49<!$!90(4,!B(4!1(3&0$.&6

X%@4-+'-E5'H'+*29-C'D5-PO%2+-'2-"#$%&''(
#(--(=!.<&+&!+*H!94*3&-*5&+S
`6!<,''4%-#-$#+$,@-+*+1%T!7!9&.!$.!-&$+.!/*:&!&:&5.!0&T4&+.+!$!3$B6!7
(5-B!-(()!$.!.<&!(5&+!.<$.!%$.%<!1B!&B&6
c 6!<5%#+%-#-$1%#5-#26-+,'5'D9,-6%4$5*K+*'2T! 7.8+! $55(B*59! .(
+&&! (5&D-*5&0+6! "_(*5! ]+>! *+58.! $! 3&+%0*,.*(56! V<(=! ,&(,-&
=<$.8+!*5!*.!/(0!.<&16
@6!?2$1D6%-+*H%-Y'2%4T!#$%&'(()!<$+!4+&0+!(5!&:&0B!%(5.*5&5.
;*5%-43*59! I5.$0%.*%$6! J&1&1'&0! .(! +&-&%.! .<&! $,,0(,0*$.&
.*1&!b(5&+!*5!.<&!3&+%0*,.*(5!$0&$6
h6!?2O*+%-@'D5-9D%4+4-+'-&5*29-+,%*5-F5*%264T!M(4!=$5.!.(!9&.!.<&
=(03!(4.2!0*9<.P!E5%(40$9&!B(40!/0*&53+!.(!*5:*.&!(.<&0!/0*&53+6
R4.666
f 6!R'2=+- *2O*+%- &1*261@T! V,&53! +(1&! .*1&! .<*5)*59! $'(4.! =<(
1*9<.! '&5&/*.! 'B! $..&53*596!I33! .<*+! .(! B(40! 3&+%0*,.*(5S! "M(4
$0&!'&*59!*5:*.&3!'&%$4+&6666>
i 6!E'4+-K*$+D5%4-#26-O*6%'T! a*3! B(4! <(+.! .<&! +$1&! &:&5.! -$+.
B&$0P! V<$0&! .<(+&! ,*%.40&+N! U*:&! ,&(,-&! +(1&.<*59! .<$.! =*-<&-,!.<&1!9&.!$!/&&-!/(0!.<&!&:&5.6

Z&'D+-"#$%&''(-ZKK1*$#+*'24
I,,-*%$.*(5+2!$-+(!)5(=5!$+!=*39&.+2!$0&!.<&!0&$+(5!B(4!9&.!+5(='$--+
".<0(=5>!$.!B(4!$53!:*0.4$-!9*/.+6!I,,-*%$.*(5+!$0&!$-+(!=<$.!$--(=!B(4!.(
.$)&! T4*bb&+! -*)&! "Q<*%<! #0*&53+! X<$0$%.&0! I0&! M(4P>! 75! .<&! (-3
#$%&'(()! 3&+*952! $,,-*%$.*(5+! =&0&! &$+*-B! 5(.*%&$'-&! (5! ,&(,-&8+
,0(/*-&+6! G<&! 5&=! #$%&'(()! 3(&+58.! &1,<$+*b&! $,,-*%$.*(5+6! C(+.
$,,-*%$.*(5+!$0&58.!3&:&-(,&3!'B!#$%&'(()!'4.!'B!(4.+*3&!%(1,$5*&+6

<#2-@'D-D4%-#KK1*$#+*'24-#4-#-H#5(%+*29-+''1A! 7! 3(58.! 4+4$--B

0&%(11&53! %0&$.*59! $,,-*%$.*(5+! $+! $! 1$0)&.*59! .((-! /(0! +1$--D.(
1&3*41D+*b&3!'4+*5&++&+!45-&++!.<&!$,,-*%$.*(5+!<$:&!$!:&0B!+,&%*/*%
.*&D*5!.(!.<&!,0(34%.6!#(0!&H$1,-&2!$!%(1,$5B!*+!%0&$.*59!$!#$%&'(()
9$1&6!G(!,0(1(.&!.<&*0!9$1&2!.<&B!1$B!*5.0(34%&!$5!$,,-*%$.*(5!.<$.
9(&+!=*.<!.<&!9$1&6!#(0!1(+.!%(1,$5*&+2!.<&0&!$0&!'&..&0!Y$53!1(0&
%(+.D&//&%.*:&Z!=$B+!.(!1$0)&.!(5!#$%&'(()6!G<$.!'&*59!+$*32!*/!B(4!3(
%<((+&!.(!%0&$.&!$5!$,,-*%$.*(52!1$)&!+40&!B(4!9*:&!4+&0+!$!%<$5%&!.(
+<(=%$+&!.<&*0!*3&5.*.B6!l4*bb&+!$53!(.<&0!$,,-*%$.*(5+!.<$.!$--(=!$5
*53*:*34$-! .(! +<(=%$+&! <*1+&-/! (0! <&0+&-/! =(0)! =&--6! W5&! ,(,4-$0
$,,-*%$.*(5!(5!#$%&'(()!*+![*:*59V(%*$-6!7.!$--(=+!,&(,-&!.(!+<$0&!/*:&
/$:(0*.&+! *5! $! 541'&0! (/! %$.&9(0*&+;/*:&! .<*59+! .<&B! =(4-358.! -&$:&
<(1&!=*.<(4.2!/*:&!'(()+!.<&B!-(:&2!.<&*0!.(,!/*:&!0&+.$40$5.+2!$53!+(
(56!7/!B(4!%0&$.&!$5!$,,-*%$.*(52!.<*5)!$'(4.!<(=!B(4!%$5!%$.&0!*.!.(!.<&
*53*:*34$-!0$.<&0!.<$5!1$)*59!*.!$--!$'(4.!B(40!%(1,$5B!(0!,0(34%.6
C$0)&.&0+!5&&3!.(!'&!=<&0&!.<&*0!%4+.(1&0+!$53!,(.&5.*$%4+.(1&0+! $0&! $532! *5%0&$+*59-B2! .<*+! *+! (5! +(%*$5&.=(0)*59! +*.&+6! V(%*$-! 5&.=(0)+! $0&! &1&09*59! $+! $
,(=&0/4-!$53!+(,<*+.*%$.&3!5&=!)*53!(/!1$0)&.*59!%<$55&-6
C$0)&.*59!*+!'&%(1*59!,0&%*+&2!,&0+(5$-2!$53!+(%*$-^!+(%*$5&.=(0)*59! +*.&+! $0&! 9*:*59! 1$0)&.&0+! 5&=! $'*-*.*&+! .(
<B,&0D.$09&.! %$1,$*95+! 4+*59! ,0(/*-&! *5/(01$.*(52! &59$9&
%(1145*.B! 1&1'&0+! 'B! .$,,*59! *5.(! +(%*$-! %$,*.$-! =*.<*5
/0*&53! 90(4,+2! $53! +B+.&1$.*%$--B! %4-.*:$.&! =(03D(/D1(4.<

1$0)&.*59! $%0(++! .<&*0! &H*+.*59! %4+.(1&0! '$+&6! #(0! 1$5B

,0(34%.+!$53!+&0:*%&+2!0&%(11&53$.*(5+!$53!0&/&00$-+!/0(1
.04+.&3! /0*&53+! $53! %(--&$94&+! $0&! *1,(0.$5.! /$%.(0+! *5
3&%*3*59!=<&.<&0!.(!'4B6!S
!

/*$3!G<&!#$%&'(()!E0$S!G$,,*59!W5-*5&!V(%*$-!\&.=(0)+
.(!R4*-3!R&..&0!F0(34%.+2!8-+()&9-:&;4<#-=(-5.&+=<&'-""
>$*-&'%466&0?&@"+*+&')#)&AB("+*+5)#)&$=&C:#%%-*D.!:)$
<-E-"$7-<&%)-&6#*5%&045#=-55&+77"#(+%#$=&$=&/+(-0$$1!+=<
#5&(4**-=%"?&@!F&$6&G-+*5+?&H+05
),#+- #&'D+- #66*29- #KK1*$#+*'24- '2- @'D5- K5'F*1%A! G<&! 5&=
3&+*95! 0&$--B! 3&D&1,<$+*b&+! $,,-*%$.*(5+2! +(! 7! 3(58.! 0&%(11&53
$33*59! 1$5B! /(0! 1$0)&.*59! 0&$+(5+6! I-+(2! /&&-! /0&&! .(! *95(0&
$,,-*%$.*(5!0&T4&+.+!+&5.!'B!B(40!/0*&53+6!G<*+!*+58.!,((0!&.*T4&..&2!$53
*.!=*--!)&&,!B(40!,0(/*-&!/0(1!-(()*59!%-4..&0&36!I,,-*%$.*(5+!3&:&-(,&3
'B! #$%&'(()! *.+&-/2! +4%<! $+! \(.&+! $53! d*3&(+2! %(1&! =*.<! B(40
#$%&'(()! $%%(45.2! $53! B(4! +<(4-3! 4+&! .<&16! I! 3*0&%.(0B! (/
$,,-*%$.*(5+!%$5!'&!/(453!$.!===6/$%&'(()6%(1e$,,+6

Z&'D+-"#$%&''(-Z64
R&%$4+&! #$%&'(()! *+! .&&1*59! =*.<! ,&(,-&2! *.! =(4-3! +&&1! .(! 1$)&
+&5+&! .<$.! #$%&'(()! $3+! +<(4-3! '&! $! 90&$.! *5:&+.1&5.^! <(=&:&02
#$%&'(()!$3+!+.*--!<$:&!$!-(59!=$B!.(!9(6!F&(,-&!(5!#$%&'(()!$0&58.
*5!+<(,,*59!1(3&!B&.6!G<&B!$0&58.!&:&5!+&$0%<*59!/(0!*5/(01$.*(5!Y$+
.<&B! 1*9<.! '&! =<*-&! +&$0%<*59! U((9-&Z6! G<&B! $0&! -(()*59! .(! %(55&%.
=*.<!.<&*0!/0*&53+2!4,3$.&!.<&*0!,0(/*-&+2!$53!K4+.!+.$B!%400&5.6!Q<$.!.<*+
1&$5+!*+!.<$.!.<&B!$0&!<$,,B!,-$B*59!*5!.<&!#$%&'(()!+$53'(H^!.<&B
3(58.!=$5.!.(!9(!(4.+*3&!#$%&'(()!.(!$5(.<&0!+*.&6!L(=&:&02!$3+!%$5
'&!4+&3!+4%%&++/4--B!.(!1$0)&.!#$%&'(()!90(4,+!$53!,$9&+6!E:&5!*/
,&(,-&!3(58.!%-*%)!(5!.<&!$3+2!B(4!+.*--!9&.!*5%0&$+&3!:*+*'*-*.B!=<&5!.<&B
$,,&$06
G<&!/(--(=*59!*5/(01$.*(5!Y,0(:*3&3!'B!_(5$.<$5![B(5+Z!$'(4.!$5!$3
,(+.&3! 'B! .<&! F&$'(3B! C&1,<*+2! $! <*+.(0*%! <(.&-! *5! C&1,<*+2
G&55&++&&2!*+!$5!&H%&--&5.!%$+&!+.43B!(5!#$%&'(()!$3+6

G<&!F&$'(3B!C&1,<*+!/(453!.0&1&53(4+!+4%%&++!*5!$3:&0.*+*59!=*.<
#$%&'(()! $3+! /(0! .<&*0! $554$-! 0((/.(,! ,$0.B! %(5%&0.! +&0*&+6! G<&
0((/.(,!,$0.*&+!$0&!-(%$-!%(5%&0.!,$0.*&+!-$+.*59!/0(1!I,0*-!.(!_4-B!$.(,
.<&! <(.&-6! G<&*0! 9($-! =$+! .(! *5%0&$+&! %(:&0! 0&:&54&! $53! '&:&0$9&
0&:&54&! 'B! $3:&0.*+*59! $! #$%&'(()! 90(4,6! G<*+! 90(4,! =$+! 9&$0&3
.(=$03!$!.$09&.!3&1(90$,<*%S!1$-&+!$53!/&1$-&+2!$9&+!.=&5.BD(5&!.(
/(0.B2!=<(!-*:&!*5!(0!5&$0!C&1,<*+!$53!-*)&!.(!,$0.B6

Z6-[#H%N!G<&!F&$'(3B!C&1,<*+!E:&5.+!$53!J((/.(,!F$0.B
;#59%+%6-95'DKN !c`;hA!B&$0D(-3+!=<(!-*:&!*5!C&1,<*+2!G\2
$53!=*.<*5!cf!1*-&+!(/!C&1,<*+2!G\

G<&! #$%&'(()! 90(4,! +&0:&3! $+! .<&! ,0*1$0B! +(40%&! (/! *5/(01$.*(5
$'(4.! .<&! 0((/.(,! ,$0.B! %(5%&0.! +&0*&+6! G<&! <(.&-! ,(+.&3! &:&5.
$55(45%&1&5.+2!,0*%&+2!30*5)!+,&%*$-+2!'$53!*5/(01$.*(52!,*%.40&+2!$53
:*3&(+6! C&1'&0+! (/! .<&! 90(4,! $-+(! ,(+.&3! .<&*0! (=5! ,<(.(+! $53
:*3&(+6
G<&*0!$3:&0.*+*59!'439&.!=$+!m`2AAA6!G<&!$3!<$3!.=(!-*/&.*1&+S!.<&
/*0+.!/0(1!I,0*-!c2!cAAk2!.(!I,0*-!`h2!cAAk2!$53!.<&!+&%(53!/0(1!C$B!h2
cAAk2! .(! C$B! c@2! cAAk6! 75! .(.$-2! *.! 1$3&! 1(0&! .<$5! h! 1*--*(5
*1,0&++*(5+;1&$5*59!*.!$,,&$0&3!(5!*.+!.$09&.&3!90(4,8+!#$%&'(()
,$9&+!h!1*--*(5!.*1&+;$53!@2jki!%-*%)+6!G<&*0!$:&0$9&!%(+.!,&0!%-*%)
=$+!mA6@A6!R&/(0&!.<&!$3!0$5!*5!I,0*-2!.<&!90(4,!<$3!`2AAA!1&1'&0+6
I/.&0!.<&!$3!0$52!.<&!90(4,!3(4'-&3!.(!c2AAA!1&1'&0+6
I+! $! 0&+4-.! (/! .<&! '((+.! *5! &H,(+40&2! .<&! 0((/.(,! ,$0.*&+! +$=! $
+*95*/*%$5.! *5%0&$+&! *5! $..&53$5%&2! %(:&0! 0&:&54&2! $53! '&:&0$9&
0&:&54&! /0(1! cAAn! .(! cAAk6! I:&0$9&! $..&53$5%&! *5%0&$+&3! ``@
,&0%&5.!/0(1!n2hnj!.(!`n2A`n6!I:&0$9&!%(:&0!0&:&54&!*5%0&$+&3!`ic
,&0%&5.! /0(1! mc@2cAf! .(! miA2jAc2! $53! $:&0$9&! '&:&0$9&! 0&:&54&
*5%0&$+&3!n@!,&0%&5.!/0(1!mn`2`kf!.(!mcAk2@f`6
G<&!/(--(=*59!$0&!.*,+!.<&!<(.&-!+<$0&3!=*.<!1&!/(0!$3:&0.*+*59!4+*59
#$%&'(()!$3+6
?!?6%2+*F@-@'D5-9'#1T!Q<$.!3(!B(4!+,&%*/*%$--B!=$5.!.(!3(P!#(0!4+2
*.!=$+!*5%0&$+&!%(:&0!0&:&54&!$53!'&:&0$9&!0&:&54&!.(!$
+&0*&+!(/!0((/.(,!,$0.*&+!-$+.*59!/0(1!I,0*-!.(!_4-B!cAAk6
?!>%-4K%$*F*$-*2-+#59%+*29T!Q&!.$09&.&3!-(%$.*(5+!0&-&:$5.!.(!(40
'4+*5&++6!V*5%&!.<&!,$0.*&+!(%%400&3!*5!C&1,<*+2!=&!.$09&.&3
.<$.!%*.B6!Q&!$-+(!.$09&.&3!$34-.+!.=&5.BD(5&!.(!/(0.B2!+*5%&!*.
=$+!$!.=&5.BD(5&D$53D4,!,$0.B6
?!34%-(%@8'56-+#59%+*29T!M(4!%$5!.$)&!.$09&.*59!$!+.&,!/40.<&0
'B!$--(=*59!B(40!$3!.(!$,,&$0!(5-B!.(!,&(,-&!=<(+&!,0(/*-&+!4+&
%&0.$*5!)&B=(03+6!#(0!&H$1,-&2!5&H.!.*1&!=&!1$B!.$09&.!(40!$3
.(!,&(,-&!=<(+&!,0(/*-&+!1&5.*(5!=(03+!(0!,<0$+&+!+4%<!$+
"'&&02>!",$0.B*592>!"9(*59!(4.2>!$53!"3(=5.(=5!C&1,<*+6>
?!0#(%-+,%-#6-$1%#5:-$'2$*4%:-#26-4*HK1%T!W40+!0&$3S

EPZ>\RC-I\\";\E-EZI;?PJ!
o,*%.40&!(/!(40!0((/.(,!,$0.B!-(9(p!
_(*5!4+!/(0!.<&!cAAk!F&$'(3B!J((/.(,!F$0.B!V&$+(56
E:&0B!
G<40+3$B2!I,0*-!k;_4-B!c@2!i;`A!F6C6!mf!%(:&06![$3*&+
9&.!*5!/0&&!
45.*-!n!,616
?!]+&!$!%$--!.(!$%.*(56!E5%(40$9&!.<&!:*&=&0!.(!%-*%)!.<&
$3:&0.*+&1&5.6!#(0!4+!*.!=$+!"_(*5!4+!/(0!.<&!cAAk!F&$'(3B
J((/.(,!F$0.B!V&$+(56>

Z&'D+-"#$%&''(-<'22%$+
#$%&'(()!X(55&%.!*+!#$%&'(()8+!-$.&+.!'0$*5%<*-36!7.!$--(=+!4+&0+!.(
"%(55&%.>!.<&*0!#$%&'(()!*3&5.*.B2!/0*&53+2!$53!+&..*59+!.(!$5B!=&'+*.&6
7/!B(4!<$:&!&:&0!%(11&5.&3!(5!$!'-(92!B(4!,0('$'-B!<$3!.(!,0(:*3&
B(40!5$1&2!&1$*-!$330&++2!$53!=&'+*.&!]J[6!\(=2!*/!$!=&'+*.&!<$+
#$%&'(()!X(55&%.!*5!,-$%&2!B(4!%$5!+*1,-B!-(9!*5!.(!.<&!=&'+*.&!4+*59
B(40! #$%&'(()! 7a6!I+! $! =&'+*.&! (=5&02! B(4! 3&/*5*.&-B! =$5.! .(! <$:&
#$%&'(()! X(55&%.! +&.! 4,! (5! B(40! =&'+*.&6! 7.! .$)&+! +(1&! .&%<5*%$+$::B2! '4.! B(4! %$5! /*53! $--! .<&! 3*0&%.*(5+! $.
3&:&-(,&0+6/$%&'(()6%(1e%(55&%.6,<,6! \(=2! 5(.!(5-B! %$5! :*+*.(0+! .(
B(40!=&'+*.&!-(9!*5!4+*59!.<&*0!#$%&'(()!7a2!B(4!%$5!+&&!&H$%.-B!=<(
*+!:*+*.*59!B(40!=&'+*.&6!I53!=<&5!.<&B!%(11&5.!(5!B(40!'-(92!*.!+<(=+
(5!.<&*0!,0(/*-&!/(0!$--!.<&*0!/0*&53+!.(!+&&!$+!=&--6!M(40!(5-*5&!:*+*'*-*.B!*+
$1,-*/*&36
7/!.<&0&!*+!(5&!.<*59!7!%$5!&1,<$+*b&!.<$.!&:&0B!'0$53!+<(4-3
)5(=!$'(4.!#$%&'(()!1$0)&.*592!*.8+!<(=!.(!$4.(1$.*%$--B
+<$0&!B(40!%4+.(1&0+8!$%.*:*.*&+!=*.<!.<&*0!#$%&'(()!/0*&53+
4+*59! #$%&'(()! X(55&%.6! #$%&'(()! X(55&%.! &5$'-&+
'0$53+! .(! *5.&90$.&! #$%&'(()! (5! .<&*0! (=5! =&'+*.&+2
-&:&0$9*59! &$%<! 4+&0q+! $-0&$3BD'4*-.! +(%*$-! 90$,<! (/! %-(+&
/0*&53+!$53!/$1*-B!.(!/40.<&0!,0(1(.&!$53!+<$0&!=<$.!B(4!$0&
+&--*596!R&*59!$'-&!.(!-&:&0$9&!.<&!#$%&'(()!+(%*$-!90$,<
(/! &$%<! 4+&0! &5$'-&+! B(4! .(! *5%0&$+&! ,$9&! :*&=+2! )&&,
4+&0+!(5!B(40!+*.&!-(59&02!$53!*5!.<&!&53!%(5:&0.!.<(+&!,$9&
:*&=+!*5.(!+$-&+N![&$05!#$%&'(()!X(55&%.6
!

]%44%-J+#@:
@!F&$6&'$(#+"C$$&A'$(#+"C$$2($3D

"#$%&''(-R'=4-#26-R'2=+4
R\N
!!V,&53!.*1&!%0&$.*59!$5!(4.+.$53*59!,0(/*-&6
!![&.!B(40!,&0+(5$-*.B!+<*5&!.<0(49<6
!!J&$%<!(4.!.(!,&(,-&!*5!$!,0(/&++*(5$-!$53!.<(49<./4-!1$55&06
!!R4*-3!$!-(B$-!#$%&'(()!/0*&53+<*,!'$+&6
!![&:&0$9&!\(.&+!$53!+.$.4+!4,3$.&+!'B!,0(:*3*59!:$-4&6
!! Q(0)! (5! $..0$%.*59! ,&(,-&! .(! B(40! +*.&! Y4+*59! 0&$-! :$-4&2! 5(.

,4+<B!-*5)+Z6
!!L$:&!$!/0*&53*59!,(-*%B!*5!,-$%&6
!!R4*-3!$!%(1145*.B!$0(453!B(40!.(,*%!(0!+,&%*$-.B6
!!R&!,0($%.*:&!*5!B(40!5&.=(0)*59!&//(0.+6
!!V<$0&!0&-&:$5.!,*%.40&+!$53!:*3&(+6
!!F$0.*%*,$.&!$%.*:&-B!*5!90(4,+6

R\[=;N
R&!,4+<B6
F(+.!B(40!=&'!-*5)!=<&5!=0*.*59!+(1&.<*59!(5!+(1&(5&8+!Q$-Y*.8+!'-$.$5.!+&-/D,0(1(.*(5!$53!=*--!4+4$--B!'&!3&-&.&3Z6
V&53!(0!$%%&,.!/0*:(-(4+!$,,-*%$.*(5+6
]+&!B(40!'4+*5&++!5$1&!$+!B(40!,0(/*-&!5$1&6
F4.!4,!%043&!(0!.<(49<.-&++!,*%.40&+!(0!%(11&5.+6
EH,&%.!+(%*$-!1&3*$!.(!"=(0)>!/(0!B(4!YB(4!<$:&!.(!=(0)!*.NZ6
R&!*1,$.*&5.!Y0&$-!0&-$.*(5+<*,+!.$)&!.*1&!.(!'4*-3Z6
#0*&53!'-*53-B!Y$-=$B+!-&.!,&(,-&!)5(=!=<B!B(4!$0&!0&T4&+.*59!$
%(55&%.*(5Z6

ILIN!O&5!C(1&5.
B'8-4,'D16-@'D-Z<;-'2-"#$%&''(A
Z++5#$+N! C$)&! B(40! =&'+*.&! $330&++! ,0(1*5&5.! (5! B(40

,0(/*-&6!Q0*.&!5(.&+!(0!$0.*%-&+!$'(4.!B(40!*534+.0B6![&:&0$9&
+.$.4+!4,3$.&+!.(!$..0$%.!1(0&!,&(,-&!.(!B(40!=&'+*.&6
<'2O%5+N! M(4! 1$B! 5(.! 9$*5! %-*&5.+! 3*0&%.-B! /0(1
#$%&'(()2! '4.! B(4! %$5! 9$*5! %(5+41&0+6! ]+&! 5(.&+! $53
+.$.4+!4,3$.&+!.(!&+.$'-*+<!B(40!&H,&0.*+&!$53!9*:&!,(.&5.*$%-*&5.+!$53!%4+.(1&0+!+$1,-&+!(/!B(40!=(0)6

;5#24F'5HN! F(+.! :*3&(+! $53! 4+&! +.$.4+! 4,3$.&+! .(! .&-+.(0*&+!$53!+<$0&!B(40!.0*41,<+!=*.<!/0*&53+6!#$%&'(()!*+!$

,(=&0/4-!,-$./(01!.(!+<(=%$+&!B(40!%400&5.!+4%%&++&+6!]+&
*.N!

B'8-+'->%-E5'#$+*O%-'2-"#$%&''(
G<&!/(--(=*59!$0&!$%.*(5+!B(4!+<(4-3!.$)&!3$*-B!(5!#$%&'(()6
?!I,,0(:&!$5B!/0*&53!0&T4&+.+!.<$.!B(4!1$B!<$:&!=$*.*59!/(0!B(46
?!Q*+<!/0*&53+!$!<$,,B!'*0.<3$B6!#$%&'(()!-*+.+!'*0.<3$B+!(/!.<&
,&(,-&! *5! B(40! 5&.=(0)! (5! .<&! 0*9<.D<$53! +*3&6! 7.! .$)&+! /*:&
1*54.&+! .(! =*+<! .=&5.B! ,&(,-&! $! <$,,B! '*0.<3$B2! '4.! *.! %(4-3
1$)&!+(1&(5&8+!3$B6
?! ],3$.&! B(40! +.$.4+! =*.<! +(1&.<*59! 1&$5*59/4-! $53! :$-4$'-&6
J&$3*59!$!90&$.!$0.*%-&!(5-*5&P!V<$0&!.<&!-*5)!*5!B(40!4,3$.&6
?!l4*%)-B!9-$5%&!$.!B(40!<(1&!/&&3!$53!+&&!*/!$5B!4+&/4-!4,3$.&+
%$.%<!B(40!&B&6!X(11&5.!(5!.<&1!$,,0(,0*$.&-B6
G$)&!.<&!/(--(=*59!$%.*(5+!:--1"?6
?!J&,-B!.(!$5B!0&-&:$5.!1&++$9&+!*5!B(40!*5'(H6!7/!B(4!0&%&*:&!$
90(4,!&1$*-!$53!=*+<!.(!0&,-B!.(!(5-B!.<&!+&53&02!%-*%)!"J&,-B>
$53!5(.!"J&,-B!I--2>!=<*%<!'(1'$03+!.<&!&5.*0&!90(4,6
?!a0(,!*5!.(!.<&!90(4,+!B(4!'&-(59!.(2!$53!+&&!*/!$5B.<*59!<$+
'&&5!,(+.&3!.<$.!+.0*)&+!B(4!$+!4+&/4-6!G<&0&!$0&!+(1&
,(=&0/4-!90(4,+!(4.!.<&0&2!$53!0&$--B!1$)*59!.<&!1(+.!(/!.<&1
%$5!<&-,!B(40!'4+*5&++!30$1$.*%$--B6!7!045!1B!IXG!R-4&,0*5.
90(4,!:&0B!14%<!-*)&!$!1$+.&01*53!+&0:*%&;$!6*--!1$+.&01*53
+&0:*%&6!M(4!%$5!$+)!T4&+.*(5+!$53!9&.!0&$-!$5+=&0+!.(!(5-*5&
1$0)&.*59!T4&+.*(5+6
?!7/!B(4!<$:&!$!90(4,2!*5:*.&!5&=!/0*&53+!.(!K(*56!I5+=&0!T4&+.*(5+
*5!.<&!3*+%4++*(5!/(0412!$53!,(+.!$5B!0&-&:$5.!:*3&(+!(0
$0.*%-&+6
?!F(+.!$!5(.&!(0!$!:*3&(6!G<&!*3&$!*+!.(!9(!'&B(53!$5!4,3$.&
.<$.8+!K4+.!$!/&=!=(03+!-(596!V<$0&!+(1&.<*59!1&$.B6
?!F*%)!.=(!,&(,-&!*5!B(40!5&.=(0)!=*.<!=<(1!B(4!=$5.!.(!+&.!4,!$
(5&D(5D(5&!1&&.*596!M(4!%$5!3(!.<*+!4+*59!V)B,&!(0!*5+.$5.
1&++$9*592!(0!B(4!%$5!+&.!4,!$!,<(5&!%(5:&0+$.*(56
?!G$)&!.<&!/(--(=*59!$%.*(5+!3$=%)"?2
?!G0$%)!<(=!1$5B!,&(,-&!:*+*.&3!B(40!=&'+*.&!/0(1!#$%&'(()2

$53!1&$+40&!=<*%<!$0.*%-&+!(0!,(+.&3!-*5)+!9(.!.<&!1(+.
/&&3'$%)6!G<&5!3(!1(0&!(/!=<$.!=(0)+N
?!X<((+&!(5&!,&0+(5!*5!B(40!5&.=(0)!=<(!+&0:&+!.<&!+$1&
$43*&5%&!$+!B(4!Y'4.!3(&+58.!%(1,&.&!3*0&%.-BZ2!$53!$,,0($%<
<*1!(0!<&0!$'(4.!$!K(*5.!:&5.40&6!I!K(*5.!:&5.40&!<$,,&5+!=<&5
.=(!(0!1(0&!,&(,-&!.&$1!4,!/(0!14.4$-!'&5&/*.6![&.8+!+$B!B(4
$0&!$!%<*0(,0$%.(06!M(4!1*9<.!$,,0($%<!$!1$++$9&!.<&0$,*+.
$53!+&&!*/!B(4!%$5!0&/&0!'4+*5&++!.(!&$%<!(.<&06!W0!B(4!1*9<.
K4+.!(//&0!.(!+<$0&!+(1&!4+&/4-!$0.*%-&+!(5!=&--5&++!/(0!<*+!(0!<&0
%-*&5.+6!C$)&!+40&!B(4!3(!B(40!<(1&=(0)!'&/(0&<$53!$53!<$:&
+(1&.<*59!(/!:$-4&!.(!+<$0&6!a(58.!=(00B!*/!.<$.!,&0+(5!3(&+58.
0&,-B6!L(5&!B(40!(//&0!$53!$,,0($%<!.<&!5&H.!,&0+(56!_(*5.
:&5.40&+!%$5!'&!:&0B!,(=&0/4-2!'4.!.<&B!14+.!'&!3(5&!%(00&%.-B6
M(4!<$:&!.(!'&!$'-&!.(!1$)&!$!:$-4$'-&!%(5.0*'4.*(52!$53!B(40
$43*&5%&!<$+!.(!'&!*5.&0&+.&36
#$%&'(()!/$5!,$9&+!=&0&!%0&$.&3!.(!'&!.<&!(//*%*$,0&+&5%&! (5! #$%&'(()! /(0! %(1,$5*&+2! 5(5,0(/*.+2
$53!%&-&'0*.*&+6!#$5!,$9&+!,0(:*3&!$5!*5%0&3*'-B!0*%<
(,,(0.45*.B!/(0!+1$--!$53!-$09&!'4+*5&++&+!.(!*5.&0$%.
=*.<! %4+.(1&0+! $53! /$5+2! $53! /*53! 5&=! %4+.(1&0+
$53!/$5+6!M(4!%$5!.<*5)!(/!/$5!,$9&+!$+!1*%0(+*.&+;
%&5.&0&3! $0(453! $! Q$--! .$'2! ,$9&+! %$5! $33! 1(0&
.$'+! .(! /&$.40&! #$%&'(()! $,,-*%$.*(5+! +4%<! $+
F<(.(+2! d*3&(+2! E:&5.+2! J&:*&=+2! $53! \(.&+2! $53
&:&5!$,,-*%$.*(5+!%4+.(1*b&3!K4+.!/(0!B(40!%(1,$5B6
L(=&:&02! .<&! 1$K(0! $3:$5.$9&! (/! #$%&'(()! /$5
,$9&+! (:&0! 1*%0(+*.&+! (0! B(40! (=5! %(1,$5B
=&'+*.&+! *+! .<$.! .<&B! $0&! '4*-.! (5! .<&! #$%&'(()
,-$./(01;=<&0&!$!-(.!(/!,&(,-&!$0&!+,&53*59!$!-(.!(/
.*1&! &$%<! 3$B6! G(! '&! ,0&%*+&2! $+! (/! V&,.&1'&0
cAAk2! @AA! 1*--*(5! 4+&0+! $0&! (5! #$%&'(()2! =*.<! `
1*--*(5! 5&=! 4+&0+! ,&0! 3$BN! #40.<&01(0&2! #$%&'(()
$3+! $--(=! B(4! .(! "<B,&0.$09&.>! '$+&3! (5

3&1(90$,<*%! *5/(01$.*(5! $53! )&B=(03! *5/(01$.*(5

/(453! *5! ,0(/*-&+;5(.! (5-B! .(! /*53! (4.! <(=! 1$5B
,&(,-&! *5! B(40! ,$0.*%4-$0! .$09&.! $43*&5%&! $0&! (5
#$%&'(()2!'4.!.(!0&$%<!.<&1!$53!30$=!.<&1!.(!B(40
/$5! ,$9&6! #(0! &H$1,-&2! $5! 7.$-*$5! 0&+.$40$5.! *5
X-&:&-$53!%$5!%<((+&!.(!$3:&0.*+&!(5-B!.(!1&5!$53
=(1&5!$9&+!.=&5.BD/*:&!.(!/(0.B!=<(!-*+.!"7.$-*$5!/((3>
$+! $5! *5.&0&+.6! I! a$--$+! /-(0*+.! %$5! %<((+&! .(
$3:&0.*+&! (5-B! .(! =(1&5! =*.<*5! $! .=&5.BD/*:&D1*-&
0$3*4+! (/! a$--$+! =<(! -*+.! .<&1+&-:&+! $+! "&59$9&36>
W5%&! ,&(,-&! '&%(1&! "/$5+>! (/! B(40! ,$9&2! B(4! %$5
*5.&0$%.! =*.<! .<&1! (5! $! 0&94-$0! '$+*+2! K4+.! $+! B(4
=(4-3!*5.&0$%.!=*.<!B(40!/0*&53+6
\(! 1$..&0! =<$.! B(40! '4+*5&++! (0! (09$5*b$.*(52
%<$5%&+!$0&!5(=!.<$.!B(40!%4+.(1&0+!$53!,(.&5.*$%4+.(1&0+!$0&!4+*59!#$%&'(()6!Q<B!5(.!'0*59!B(40
'4+*5&++!.(!.<&1P

R#O%-X%5K%2:
@)#-6&I4JJ&F66#(-*&$6&%)-K04JJ!Y===6.<&g'4bb6%(1Z
?!F(+.!:*3&(+!(0!,*%.40&+!/0(1!$5B!+,&$)*59!&59$9&1&5.+!B(4
<$:&!3(5&6!7/!B(40!%(1,$5B!<&-3!$5!&:&5.!(0!$5!(//*%&!,*%5*%2
.<$.8+!,&0/&%.!$+!=&--6!7!/*53!.<$.!,*%.40&+!(/!$!%4.&!(//*%&!1$+%(.
Y$!,4,,B!5$1&3!V5((,B2!*5!1B!%$+&Z!$-+(!=(0)!:&0B!=&--6
?!V%$5!B(40!%400&5.!5&.=(0)!$53!%<((+&!.<0&&!,&(,-&!.(
1&++$9&2!$53!$+)!*/!.<&0&!*+!$5B.<*59!0&-$.&3!.(!B(40!'4+*5&++
.<$.!B(4!%$5!3(!/(0!.<&16!R&!+*5%&0&2!$53!/(--(=!.<0(49<!(5!B(40
,0(1*+&+6!G<*+!*+!<(=!0&-$.*(5+<*,+!Y$53!-&$3+NZ!$0&!540.40&36

Z-<#D+*'2#5@-['+%
7!=(4-3!'&!0&1*++!*/!7!3*358.!$33!.<&!/(--(=*59!=$05*596!I+!B(4!'4*-3!B(40

%(1145*.B!(5!#$%&'(()2!'&!+40&!.(!30*:&!*.!(4.=$03;.(!B(40!=&'+*.&2
B(40!&1$*-!-*+.2!$53!+(!(56!Q<BP!R&%$4+&!$+!14%<!$+!B(4!/&&-!.<$.!B(4
(=5!B(40!*5/(01$.*(5!$53!%(5.$%.+!(5!$!+(%*$-!1&3*$!+*.&2!B(4!3(58.6!7/
#$%&'(()!&:&0!3&%*3&+!.(!'$5!B(40!$%%(45.!Y$53!7!<$:&!+&&5!*.!3(5&2
&:&5!.(!,&(,-&!=<(!$-=$B+!/(--(=&3!.<&!04-&+Z2!B(4!3(58.!=$5.!.(!'&
+.0$53&36
G<&0&!*+!$!5&=!+&0:*%&2!V(%*$-V$/&!Y===6V(%*$-V$/&65&.Z2!=<*%<!/(0
mc6kk!=*--!'$%)!4,!B(40!,0(/*-&2!,*%.40&+2!$53!$!-*+.!(/!B(40!/0*&53+6!G<*+
*+! $! :&0B! =(0.<=<*-&! *5:&+.1&5.6! R4.! &:&5! */! B(4! <$:&! .<*+! '$%)4,! *5
,-$%&2!7!0&*.&0$.&S!4+&!#$%&'(()!$+!$!.((-!.(!$..0$%.2!'4.!%(5+.$5.-B!-(()
.(!,4--!,&(,-&!.(!B(40!+*.&6

!
"#$%%&'(")&(*+,%&,%(-'.#$/0(1.2$+3(4&5$+(1$%&
!"#$%%&'($)(*(+'&&(),-$*.(/&%#,'0$/1(*/2(3$-',45.,11$/1()&'6$-&(%7*%
*..,#)($%)(8)&')(%,()&/2(*/2('&*2(,%7&'(8)&')9(8:2*%&)(;,%7&'#$)&
0/,#/( *)( %#&&%)<=( #7$-7( *'&( %&>%45*)&2( :,)%)( ,+( 8:( %,( ?@A
-7*'*-%&')($/(.&/1%7BC
!
"#$#%&'#(

6)7(8.%)&'(#$%)("#$%%&'9
D(E%(7*)(FA(3$..$,/(8)&')(*/2($)(1',#$/1B
D(E%9)(%7&(+*)%&)%41',#$/1(),-$*.(/&%#,'0$/1()$%&B
D(E%)(.*'1&)%(2&3,1'*:7$-($)(%7$'%G4+$6&4(%,(+,'%G4+,8'4G&*'4,.2)B
D(E%(:',6$2&)(&>-&..&/%(,/.$/&(6$)$5$.$%GB
D(E%9)(*(1'&*%(#*G(%,(*%%'*-%(%'*++$-B
D(E%(*..,#)(+,'($/)%*/%(-,338/$-*%$,/B
"#$%%&'($)(.$0&(*(1$*/%=(-,.,'+8.(5*H**'B
I$%7(,/.G(%7&(?@A(-7*'*-%&')(:&'(%#&&%(%7*%("#$%%&'(*..,#)=(G,8(-*/
*%%'*-%(*%%&/%$,/(*/2(-'&*%&(*/(&>:&'%(:.*%+,'3(.$0&(/&6&'(5&+,'&B(J/.$0&
#$%7(K*-&5,,0=(G,8(-*/(1&%(-.$&/%)(*/2(-8)%,3&')(2$'&-%.GB(L&,:.&(8)&
"#$%%&'(/,%(M8)%(%,(-,//&-%(#$%7(&*-7(,%7&'=(58%(%,()7*'&(#7*%(%7&G(/&&2=
),($%9)(38-7(&*)$&'(%,():,%(:&,:.&(#7,(3$17%(/&&2(G,8'(7&.:(,/("#$%%&'
%7*/($%($)(,/(K*-&5,,0B

"#$%%&'(8+,$2,

N&%9)()%*'%(#$%7(),3&(5*)$-("#$%%&'(0/,#.&21&B
O,8(1&%(?@A(-7*'*-%&')(%,(*/)#&'P(!I7*%(*'&(G,8(2,$/1QC("7$)($)(%7&
&/%$'&( :'&3$)&( ,+( "#$%%&'B( R,#&6&'=( %7&( #,')%( %7$/1( G,8( -*/( 2,( $)
()*+(,,-(*/)#&'(%7*%(S8&)%$,/B(;E(#$..(1&%(%,(%7*%($/(*(5$%T<
U&))*1&)( %7*%( :&,:.&( )&/2( ,8%( *'&( -*..&2( !%#&&%)BC( !"#&&%$/1C( $)
*/,%7&'( -,33,/( :7'*)&V( $%( 3&*/)( )&/2$/1( *( 3&))*1&( 6$*( "#$%%&'B
O,8'( %#&&%)( 3*0&( 8:( *( %$3&.$/&B( I7&/( :&,:.&( )85)-'$5&( %,( G,8'
%$3&.$/&=( G,8'( %#&&%)( )7,#( 8:( ,/( %7&$'( "#$%%&'( 7,3&( :*1&B( "7&)&
:&,:.&(*'&(-*..&2(+,..,#&')B(O,8(-*/(+,..,#(%7&3(5*-0($+(G,8(-7,,)&B
J/.$0&(K*-&5,,0=(+,..,#$/1(2,&)(/,%(7*6&(%,(5&(38%8*.B(O,8(-*/(+,..,#
*/G,/&(G,8(#*/%=(58%(%7&G(2,/9%(7*6&(%,(+,..,#(G,8(5*-0B
W6&'G,/&( 1&%)( *( "#$%%&'( /*3&B( X7,,)&( ,/&( %7*%9)( )7,'%( */2
3&3,'*5.&B( O,8( -*/( %7*/0( 3&( +,'( %7$)( .*%&'( #7&/( G,8'( +,..,#&')( *'&
*5.&(%,('&%#&&%(G,8'(3&))*1&)(3,'&(&*)$.GB
O,8( 2,/9%( 7*6&( %,( '&:.G( %,( *..( %#&&%)B( E+( G,8( #*/%( %,( '&:.G( %,
),3&,/&9)( %#&&%)( ,'( #*/%( %,( 1&%( ),3&,/&9)( *%%&/%$,/=( %G:&
Y8)&'/*3&(*/2(%7&/(G,8'(3&))*1&B(K,'(&>*3:.&=(.&%9)()*G(G,8(#*/%
%,( %#&&%( 3&B( X8''&/%.G( E( 7*6&( ,6&'( ?Z=AAA( +,..,#&')=( */2( ,/.G( ?A
3&))*1&)(,'(),()7,#(8:(,/(3G(7,3&(:*1&B(E+(G,8(#*/%(%,(1&%(,/(3G
'*2*'=(G,8(-*/(%#&&%P(!Y[7*3*\"7*/0)(),(38-7(+,'(%7&("#$%%&'(%$:TC
O,8'(7,3&(:*1&(#$..()7,#(*('*/2,3(*)),'%3&/%(;-7',/,.,1$-*..G<(,+
3&))*1&)(%#&&%&2(5G(%7&(:&,:.&(G,8(*'&(+,..,#$/1B("7&($3*1&(5&.,#
)7,#)(3G(7,3&(:*1&B(I7&/(),3&,/&()&/2)(G,8(*/(!YC('&:.G=($%(#$..
)7,#(8:(,/(G,8'(7,3&(:*1&(*/2(#$..(*.),(5&(+$.&2(8/2&'(G,8'('&:.$&)
%*5(;%7&(.$/&(8/2&'(!R,3&C(%7*%('&*2)(Y[7*3*=(5&.,#<B(]&:.$&)(*'&
:85.$-=(*/2(&6&'G,/&(-*/()&&(%7&3B
O,8(-*/(*.),()&/2(2$'&-%(3&))*1&)(%,(:&,:.&B("7&(?@A4-7*'*-%&'
.$3$%( )%$..( *::.$&)=( */2( G,8( -*/( )&/2( ,/.G( 2$'&-%( 3&))*1&)( %,( :&,:.&
#7,(*'&(+,..,#$/1(G,8B("7$)($)/9%(%7&()*3&(*)()&/2$/1('&:.$&)=(#7$-7
-*/(5&()&/%(%,(*/G,/&(8)$/1(%7&(Y()$1/B(^$'&-%(3&))*1&)(*'&(7$22&/
+',3(:85.$-(6$&#(*/2()7,#/(,/.G(%,(%7&('&-$:$&/%B(",()&/2(),3&,/&(*
3&))*1&( 2$'&-%.G=( -.$-0( %7&( ^$'&-%( U&))*1&)( .$/0( $/( %7&('$17%47*/2
-,.83/B( "7$)( #$..( ,:&/( *( #$/2,#( %7*%( *..,#)( G,8( %,( %G:&( $/( %7&

'&-$:$&/%9)(/*3&(*/2(G,8'(3&))*1&B

:%;,(<33(<=.>%(%)&(?$+3.0@
I7$.&( 3,)%( ,+( 3G( +'$&/2)( -,/)$2&'( 3&( */( &*'.G( *2,:%&'=
&6&'G%7$/1( E( 1&%( $/6,.6&2( #$%7( *.'&*2G( 7*)( *%( .&*)%( *
):'$/0.$/1(,+(8)&')=(),(E(%7$/0(E93(),3&#7&'&(-.,)&'(%,(%7&
3$22.&B( _,/&%7&.&))=( $/( %7&( -*)&( ,+( "#$%%&'=( E96&( 7*2( */
*--,8/%()$/-&($%(#*)(*(#&$'2=(8/0/,#/()&'6$-&(#$%7(*(+8//G
/*3&=(.,/1(5&+,'&(`:'*7(*/2(a)7%,/(b8%-7&'(-'&*%&2(%7&
'*-&(+,'(+,..,#&')(*/2(#*GGG(.,/1(5&+,'&("c()7,#)(2&-$2&2
%7*%( *( "#$%%&'( -'*#.( ,/( %7&( 5,%%,3( ,+( %7&( )-'&&/( ,++&'&2
:'&%&/)$,/)(,+($/%&'*-%$6$%GB
R&-0=( $/( %7&( ,.2( 2*G)=( 7*6$/1( 3,'&( %7*/( dAA( +,..,#&')
#*)( */( *3*H$/1( +&*%=( */2( %7,)&( :&,:.&( #7,( 1,%( $/%,( %7&
+,8'42$1$%(+,..,#&'(/835&')(#&'&(%7&(#$H&/&2(&.$%&=(%7&('&*..G
:,:8.*'( +,.0( ,/( %7&( )&'6$-&B( _,#( %7&'&( *'&( ),( 3*/G
;):*33G<( %,,.)( %,( 1*'/&'( +,..,#&')( ;/,/&( ,+( #7,3( *'&
*-%8*..G(:*G$/1(*/G(*%%&/%$,/(%,(G,8<(%7*%($%9)(-,33,/(%,()&&
/&#5$&)(#7,(7*6&(%7,8)*/2)(,+(+,..,#&')(*/2(/,(-.8&(7,#
"#$%%&'(#,'0)B
"#$%%&'( -&'%*$/.G( -*/( 5&( *( ,/&4#*G( -,338/$-*%$,/
-7*//&.=( *( ?@A4-7*'*-%&'( 3&1*:7,/&( %,( */( *82$&/-&( ,+
%7,8)*/2)=( 58%( %,( 2,( %7*%( $)( %,( 3$))( ,8%( ,/( #7*%
2$++&'&/%$*%&)( "#$%%&'( +',3( %7&( 3*/G( ,%7&'( ),-$*.( 3&2$*
)&'6$-&)( *6*$.*5.&P( $%9)( $/%&'*-%$6&( */2( .&%)( G,8( $/)%*/%.G
&)%*5.$)7(*(2$*.,1(#$%7(G,8'(-8)%,3&')(*/2(-,338/$%GB
E(0/,#([7*3*(1&%)(%7$)=(58%(E(#,''G(%7*%(G,8=(%7&('&*2&'=
3$17%(/,%B(L.&*)&=(%,('&*..G(8/2&')%*/2(%7&(6*.8&(,+("#$%%&'
*/2( %,( '&*..G( 1*$/( 5&/&+$%( +',3( G,8'( $/6,.6&3&/%=( 0&&:( $/
3$/2(%7*%(G,8(/&&2(%,(1$6&(3,'&(%7*/(G,8(&>:&-%(%,('&-&$6&B
^,/9%( *)0=( !R,#( 3*/G( +,..,#&')( -*/( E( 5.*)%( 3G( 3&))*1&
%,QC( 58%( $/)%&*2=( !R,#( 3*/G( :&,:.&( -*/( E( &/1*1&( $/( *

2$*.,1(#$%7QC
O,89..(5&()8':'$)&2(M8)%(7,#(38-7( 3,'&( &/M,G*5.&\*/2
6*.8*5.&\%7&(&>:&'$&/-&(#$..(5&B
(

?+A&("+73.'B
.(/&0(-,1234,#4&5)16
O,8(2,/9%(7*6&(%,(8)&(G,8'(5',#)&'(%,(1&%(,/("#$%%&'B(O,8(-*/(8)&(*
2&)0%,:(
*::.$-*%$,/B(
UG(
+*6,'$%&(
$)(
"#&&%^&-0
;###B"#&&%^&-0B-,3<B("7&'&(*'&(*.),(%,/)(,+(3,5$.&(*::.$-*%$,/)(+,'
"#$%%&'B(e8)%( )&*'-7( %7&( $/%&'/&%( +,'( !"#$%%&'( *::.$-*%$,/( f( g2&6$-&( ,+
G,8'(-7,$-&hC(;&B1B=(U*-=($L7,/&=(&%-B<B
U*/G( "#$%%&'( 8)&')( 8)&( 7*)7%*1)=( #,'2)( %7*%( $/-.82&( %7&( 7*)7
)G35,.( ;i<=( %,( 0&&:( '&.&6*/%( %#&&%)( ,'1*/$H&2B( R*)7%*1)( #&'&
2&6&.,:&2( 5G( %7&( "#$%%&'( -,338/$%G( %,( 3*0&( $%( &*)$&'( %,( )&*'-7( +,'
'&.&6*/%(%#&&%)B("7&G(*'&(6&'G(:,:8.*'(*%(-,/+&'&/-&)(*/2()&3$/*')=
#7&'&(3*/G(:&,:.&(3$17%(5&(%#$%%&'$/1=(5&-*8)&(%7&G(3*0&($%(&*)G(%,
%'*-0( #7*%( $)( 1,$/1( ,/( *%( */( &6&/%B( K,'( &>*3:.&=( 28'$/1( %7&( E'*/$*/
&.&-%$,/)=( *( .,%( ,+( %#$%%&'&')( #&'&( 8:2*%$/1( "#$%%&'( #$%7( /&#)B( "7&G
#,8.2( 8)&( %7&( 7*)7%*1( i$'*/( ,'( i$'*//&#)=( ),( $+( ),3&,/&( #*)
)&*'-7$/1(+,'(%#&&%)(,/(%7$)(%,:$-=(7&(,'()7&(-,8.2(+$/2(%7&3(&*)$.GB(O,8
-*/()&&(-8''&/%(7*)7%*1)(*%(7*)7%*1)B,'1(*/2(I7*%%7&"'&/2B-,3B
]&%#&&%$/1(;]"<($)('&:,)%$/1(*/,%7&'(:&'),/9)(%#&&%B("7$)(-*/(7*6&
*( S8$-0( 6$'*.( &++&-%( #7&/( %7&( S8*.$%G( ,+( %7&( $/+,'3*%$,/( $)( 1,,2B( K,'
&>*3:.&=(.&%9)()*G(G,8(:,)%(*(.$/0(+',3(G,8'(5.,1B(E+(E(*3(+,..,#$/1(G,8
*/2(E(.$0&(%7&(.$/0=(E(#$..('&%#&&%($%(%,(3G(+,..,#&')B("7&'&(*'&(%#,(#$2&.G
8)&2(+,'3*%)(+,'('&%#&&%$/1P
D("G:&(!]"(Y8)&'/*3&C(*/2(%7&/(-,:G(*/2(:*)%&(%7&$'(3&))*1&B
D(X,:G(*/2(:*)%&(%7&$'(3&))*1&(+,..,#&2(5G(!;6$*(Y8)&'/*3&<BC

C.>'(D&',./+3("#$%%&'(D+0&

O,8'( "#$%%&'( &>:&'$&/-&( )%*'%)( #$%7( G,8'( "#$%%&'( :*1&=( ,'( :&'),/*.
:',+$.&B( "7$)( $)( 2$++&'&/%( +',3( G,8'( :',+$.&( ,/( K*-&5,,0=( 5&-*8)&( $%
1$6&)(G,8(.&))(',,3(%,(:.*G(#$%7B(O,8(7*6&(%,(5&()8--$/-%(,/("#$%%&'B
"7&(+,..,#$/1(*'&(),3&(%$:)(,/(7,#(%,(3*0&(%7&(3,)%(,+(G,8'("#$%%&'
:',+$.&B
D( [%*'%( 5G( :$-0$/1( *( )7,'%( 8)&'/*3&B( E2&*..G=( 1,( #$%7( G,8'( +$')%
/*3&B(a.%7,817( "#$%%&'( *..,#)( G,8( %,( 8)&( 58)$/&))( /*3&)( *)
7*/2.&)=(E('&-,33&/2(G,8(1,(#$%7(G,8'(:&'),/*.(/*3&B(L&,:.&
#*/%(%,(5&(+'$&/2)(#$%7(:&,:.&B(E+(G,8(*'&(*(5$1(-,3:*/G(.,,0$/1
%,(+8'%7&'(G,8'(5'*/2(*/2(:',6$2&(-8)%,3&'()&'6$-&(,/("#$%%&'=
8)&(G,8'(-,3:*/G(/*3&B(E+(G,8(7*6&(38.%$:.&(&3:.,G&&)(8)$/1
"#$%%&'=(G,8(-*/(-'&*%&(*(-,47*/2.&\*(7*/2.&(%7*%($/-,':,'*%&)
5,%7( %7&( $/2$6$28*.9)( /*3&( */2( %7&( -,3:*/G9)B( K,'( &>*3:.&=
U$0&4_$0&(*/2([%&6&XW`4_$0&(*'&(-,47*/2.&)B
D(J)&(*(1,,2(7&*2)7,%B(O,8(2,/9%(1&%(38-7():*-&(+,'(*(:$-%8'&=
),(3*0&()8'&($%($)(.*'1&(*/2(-.&*'(*/2(-*:%8'&)(*%%&/%$,/B
D("7&()*3&(*::.$&)(%,(G,8'(5$,B(O,8(1&%(?jA(-7*'*-%&')(+,'($%=(),
5&(-,/-$)&(*/2(2$'&-%B("7$)($)/9%(%7&(:.*-&(%,(5&(6*18&(,'(#,'2GB
K,-8)( ,/( #7*%( G,8( 2,( */2k,'( #7,( G,8( 7&.:B( U$/&( )*G)P
!L'&)$2&/%( ,+(X.$-0",X.$&/%B-,3=( I&5( "c( [7,#( R,)%=( [,-$*.
U&2$*([:&*0&'k"'*$/&'BC(E(-,8.2(*.),()*GP(!R&.:$/1(58)$/&))&)
.&6&'*1&(%7&($/%&'/&%(*)(:'&)$2&/%(,+(X.$-0",X.$&/%B(-,3BC
D( O,8( 1&%( ,/&( #&5( *22'&))B( E+( G,8( 7*6&( 38.%$:.&( #&5)$%&)( ,'
38.%$:.&( 58)$/&))&)=( :$-0( ,/&( %,( )7,#-*)&( 7&'&B( E( -7,,)&( %,
)7,#-*)&([7*3*B"c(5&-*8)&($%(*..,#)(:&,:.&(%,(1&%(%,(0/,#
3&( *)( *( :&'),/( 5&%%&'=( */2( 5&-*8)&( E( :,$/%( ,8%( 3G( 58)$/&))
J]N($/(3G(5$,B
D(l&%(*/2(8)&(*(:&'),/*.$H&2("#$%%&'(5*-01',8/2B("7$)($)(*0$/(%,
G,8'( -,3:8%&'9)( 2&)0%,:( 5*-01',8/2=( &>-&:%( %7*%( ,/( "#$%%&'=
&6&'G,/&(#7,(6$)$%)(G,8'(:',+$.&(-*/()&&($%B(O,8(-*/()&&(3$/&(*%
###B%#$%%&'B-,3k[7*3*B(a/G(1'*:7$-(2&)$1/&'(-*/(-'&*%&(,/&
+,'(G,8B(I&(-'&*%&(%7&3(,/(,--*)$,/(*)(#&..B(I7GQ(E%9)(*(1'&*%
3*'0&%$/1(%,,.=(*/2($%(#$..()&%(G,8(*:*'%T(O,8(2,/9%(1&%(%,()*G(*
.,%( 8)$/1( G,8'( ?jA4-7*'*-%&'( 5$,=( 58%( G,8( -*/( 3*0&( *( 1'&*%
$3:'&))$,/( 8)$/1( G,8'( "#$%%&'( 5*-01',8/2B( U*0&( )8'&( $%

$/-.82&)(G,8'(/*3&=(*(#*G(%,('&*-7(G,8(;&3*$.=(:7,/&=(,'(5,%7<=
G,8'(3*M,'(#&5)$%&)=(*/2(*(5'$&+(5$,B(b&&:($%(-.8%%&'(+'&&=(8)&
G,8'(5'*/2(-,.,')=(*/2(*1*$/=(5&()8--$/-%T

6).(%.(*.33.#
`/( "#$%%&'=( G,8( -*/( -7,,)&( %,( +,..,#( &6&'G,/&( G,8( +$/2( */2( *3*))
2$6&')&(%#&&%)=(,'(G,8(-*/(-7,,)&(%,(+,..,#(*():&-$+$-(+&#(+',3(#7,3
G,8(2&'$6&(6*.8&B(E(+,..,#(*(6*'$&%G(,+(:&,:.&=(*/2($%(3*0&)(+,'(*(6&'G
',58)%("#$%%&'(&>:&'$&/-&B(E+(G,8(*'&($/%&'&)%&2($/(),3&,/&9)(%#&&%)=
+,..,#( 7$3( ,'( 7&'B( ^,/9%( #,''G( *5,8%( #7&%7&'( 7&( ,'( )7&( +,..,#)( G,8
5*-0B(O,8(#$..(*%%'*-%(G,8'(,#/(1',8:(,+(+,..,#&')B
R&'&(*'&(*(+&#(%$:)(%,(1&%()%*'%&2P

D(J:.,*2(G,8'(-,/%*-%(.$)%=(*/2()&&(#7,($)(*.'&*2G(,/("#$%%&'B(O,8
3*G(5&()8':'$)&2B
D(N,,0(+,'(3,'&(:&,:.&(G,8(0/,#("#$%%&'(7*)(*()&*'-7(%,,.(%7*%
*..,#)(G,8(%,()&*'-7(+,'(:&,:.&(8)$/1(0&G#,'2)(*/2(/*3&)B
D(K&&.(+'&&(%,(+,..,#(3&(;Y[7*3*<B(E(#$..(+,..,#(5*-0B(;UG(,:&/4
2,,'(:,.$-G(*::.$&)(,/("#$%%&'(*)(#&..T<
D(E+(G,8(5&.,/1(%,(*/,%7&'(),-$*.(3&2$*()$%&=(*//,8/-&(%7*%(G,8(*'&
/,#(,/("#$%%&'B(m&()8'&(%,(1$6&(G,8'(8)&'/*3&B([%*%8)(8:2*%&)
,/( K*-&5,,0( */2( N$/0&2E/( *'&( *( 1'&*%( #*G( %,( 3*0&
*//,8/-&3&/%)(.$0&(%7$)B
D(`/-&(G,8(7*6&(*%(.&*)%(+$6&(+,..,#&')=(.,,0(*%(#7,(%7&G(+,..,#B(E+
%7&G()&&3($/%&'&)%$/1=(+,..,#(%7&3B
D( J)&("#&..,#B-,3( */2(I&K,..,#B-,3=(2$'&-%,'$&)(,+(:&,:.&(,/
"#$%%&'( ,'1*/$H&2( 5G( $/28)%'G( */2( $/%&'&)%B( O,8( -*/( .,,0( +,'
:&,:.&(%,(+,..,#(*/2(.$)%(G,8')&.+(*)(#&..B(K,'(&>*3:.&=($+(G,8(*'&
*(L](:',=(G,892(#*/%(%,(.,,0(+,'('&:,'%&')(),(%7*%($+(%7&G(/&&2(*
),8'-&(+,'(*()%,'G=(G,8(*'&(%7&'&B(K,..,#(:&,:.&(#$%7$/(/$-7&)P
$/28)%'G=(-$%G=(,--8:*%$,/=(*/2(),(,/B(E%($)(*(1'&*%(#*G(%,(3&&%
.,-*.)B
D( X7&-0( %,( )&&( $+( G,8'( +*6,'$%&( 5.,11&')=( *-%,')=( ,'( 3&2$*
:&'),/*.$%$&)( *'&( ,/( "#$%%&'B( X7*/-&)( *'&( %7&G( *'&B( K,..,#
%7&3B( `+%&/( %7&G( *'&( &*)$&'( %,( 1&%( $/( %,8-7( #$%7( 6$*( "#$%%&'
5&-*8)&($%(,/.G(%*0&)(%7&3(*(+&#(-7*'*-%&')(%,('&):,/2B
D([&&(#7,(%7&(:&,:.&(G,8(+,..,#('&-,33&/2B(E(,+%&/('&-,33&/2
1,,2(:&,:.&(%,(+,..,#B("7&'&($)(*(-8''&/%(%'&/2(,/("#$%%&'(-*..&2
K,..,#( K'$2*GB( "#$%%&'&')( '&-,33&/2( #7,( %7&G( +,..,#( %,( %7&$'
+,..,#&')(+,..,#&2(5G(%7&(i+,..,#+'$2*G(,'(i++(7*)7%*1(,/(K'$2*G)B
;O,8(+,..,#Q<
U*'0&%$/1( 6$*( "#$%%&'( '&:'&)&/%)( *( 6&'G( 8/$S8&( */2
-,3:&..$/1( /&#( -7*//&.( +,'( 3*'0&%&')B( E%)( &*)&( ,+( 8)&=
%'*/)*-%$,/*.():&&2=(:8'&(%&>%(+,'3*%=(*/2(*5$.$%G(%,('&*-7(*
.*'1&( *82$&/-&( $/( ?@A( -7*'*-%&')( ,++&')( )$3:.$-$%G( */2( G&%
-,3:.&>$%GB( K,'( 5$1( 5'*/2)=( %7&( *5$.$%G( %,( -,//&-%( 2$'&-%.G
#$%7( -,/)83&')( ,++&')( *( +'&&( +*..( ,+( 5,%7( 1,,2( */2( 5*2

+&&25*-0=( */2( 3*/G( *'&( 8)$/1( "#$%%&'( *)( *( -8)%,3&'

)&'6$-&(-7*//&.B(K8'%7&'3,'&=(+,'(%'*/)*-%$,/*.(:',28-%)=(*
6&'G(-,3:&..$/1(:',3,%$,/(-*/(1&%(8/5&.$&6*5.&('&*-7(*/2
,++&'(*(:,%&/%$*.(6$'*.($3:*-%B(K,'($/2$6$28*.)=(),-$*.(3&2$*
$/+.8&/-&($)(2'$6&/(5G(-,/%&/%(*/2('&.*%$,/)7$:)B(U*/G(7*6&
58$.%( )%',/1( :&'),/*.( 5'*/2)( #$%7( "#$%%&'( 5G( )7*'$/1( */2
-'&*%$/1(-,/%&/%(*/2(&/1*1$/1($/2$6$28*.)(*/2(-,3:*/$&)B
(
U$0&(^B(U&''$..=

7#$&7&22#,,5)16

E.#(%.(4+F&(%)&(4.,%(.G("#$%%&'
"7$/0(,+("#$%%&'(*)(*(1.,5*.(783*/()&*'-7(&/1$/&B(E%($)(-,3:.&%&.G(#7*%
G,8(3*0&(,+($%B
N&%(3&(1$6&(G,8(*/(&>*3:.&B(E(#*)()-7&28.&2(%,():&*0(%,(*(1',8:(,+
XW`)(+,'(*(-,3:*/G(-*..&2(c$)%*1&(%7*%(E(7*2(/&6&'():,0&/(%,(5&+,'&B
"7&(1',8:9)(7,)%(7*2(+,'&#*'/&2(3&(%7*%(%7$)(-,8.2(5&(*(%,817(-',#2
5&-*8)&(%7&G(,+%&/('&*..G(1'$..&2(%7&$'():&*0&')B(R&*'$/1(%7$)=(E(2$2(*
S8$-0()&*'-7(,/("#$%%&'(+,'(!c$)%*1&([:&*0&')C(*/2(+,8/2(+$6&B(J)$/1
%7&(Y()$1/=(E(*)0&2(%7&3($+(%7&G(7*2(*/G('&-,33&/2*%$,/)B(I$%7$/(%#,
3$/8%&)=( E( 7*2( *( 6*'$&%G( ,+( '&):,/)&)( .$0&( !8)&( )%*%$)%$-)( */2( -*)&
)%82$&)C(*/2(!m&)%(,+(.8-0T(N&%(8)(0/,#(7,#($%(1,&)BC(K,.0)(E(7*2(/&6&'
3&%(5&+,'&\,/&($/(X7$/*\#&'&(#$)7$/1(3&(#&..B
"7&(3*$/(:8':,)&(,+(3*'0&%$/1($/(*/G($/)%$%8%$,/($)(%,(%&..(%7&
)%,'G(5&7$/2(%7&(5'*/2B(R,#(2,(G,8(-,//&-%(#&..(#$%7(G,8'
-8)%,3&')($/(,'2&'(%,()&..(G,8'(:',28-%(,'()&'6$-&Q("#$%%&'($)
*(1'&*%(%,,.(%,(8)&($/(,'2&'(%,()7,#(%7*%(!:&'),/*.$%GC(5&7$/2
*(-,3:*/G(,'(*(5'*/2B(J)&("#$%%&'(%,(2'$6&(:&,:.&(;%'*++$-<

%,( *( 5.,1( %7*%( %&..)( G,8'( )%,'GB( "*.0( *5,8%( G,8'( -8)%,3&')=
-.$&/%)=( */2( G,8'( P( 58)$/&))B( "#$%%&'( $)( *( 1'&*%( *6&/8&( %,
-,//&-%(#$%7(-8)%,3&')(,/(*(:&'),/*.(.&6&.=(*)(#&..(*)(,/(*
:',+&))$,/*.(.&6&.B(J)&($%(%,(G,8'(*26*/%*1&B
(

H73&(I+27B
(+*812!19("#$%%&'(U*'0&%$/1(+,'(^833$&)
"7$)()*3&(&>:&'$&/-&(7*)('&:&*%&2($%)&.+($/(6*'$,8)(*'&*)B(I7&/(E
+$')%( 1,%( 3G( 2,1=( [/,,:G=( E( 7*2( /,( $2&*( #7*%( $%( #*)( .$0&( %,( '*$)&( *
:8::GB(E92(+'&S8&/%.G(%8'/(%,(3G("#$%%&'(+,..,#&')(*/2(*)0=(!^,(:8::$&)
&*%(:&*/8%)QC(,'=(!UG(:8::G().&&:)(*(.,%T(E)(%7*%(/,'3*.QC(E(*.#*G)(1&%
&>-&..&/%(*/)#&')B
",3(U,''$)=(#'$%&'(*/2(:7$.,),:7&'=(#',%&(*/($/)$17%+8.(*'%$-.&(-*..&2
!"#$)2,3P(
"#$%%&'(
I$)2,3C(
+,'(
%7&( :+99#4;*14! <1=*
;###BR8++$/1%,/L,)%B-,3=([&:%B(n=(FAAn<B(U,''$)(#'$%&)P
"#$%%&'($)(/,%(3*$/.G(*5,8%(%&..$/1(%7&(#,'.2=(,'(G,8'(+,'%G4)&6&/
+,..,#&')=(#7*%(G,8(7*2(+,'(.8/-7B(a/2($%9)(/,%(M8)%(*5,8%(a)7%,/
*/2(`:'*7=(,'(#7,(-*/(*%%'*-%(%7&(3,)%(+,..,#&')(%7&(S8$-0&)%B
E%9)(*5,8%(58$.2$/1(*(/&#(+,'3(,+(-,338/$%GB(E%9)(*5,8%(.&*'/$/1B
E%9)(*5,8%()8::,'%=($/):$'*%$,/=(*/2(2*$.G(3,%$6*%$,/B(a/2($%9)(*.),
*5,8%(+8/B(m8%(%7&(3,)%($3:,'%*/%(*):&-%(,+("#$%%&'(3*G(5&(%7*%=
$+( G,8( 2,( %7$/1)( '$17%=( G,8( 5&1$/( %,( )8'',8/2( G,8')&.+( #$%7( */
$/-'&2$5.&(1',8:(,+(:&,:.&(&*1&'(%,()7*'&(%7&$'(5&)%(S8&)%$,/)
*/2($/)$17%)(*5,8%(.$+&B("7&G9'&(*..(.,,0$/1(+,'(/&#(#$)2,3(*/2
7,:&B("#$)2,3($)(%7&('&)8.%B
"7&'&9)( -,..*5,'*%$6&( %7$/0$/1( ,/( "#$%%&'( *%( *( .&6&.( */2( $/( *
+,'3(E96&(/&6&'()&&/(5&+,'&B(a.3,)%(&6&'G(2*G=(*/2(,+%&/(3*/G
%$3&)( *( 2*G=( *( %,:$-( -,3&)( 8:( %7*%( -*8)&)( 3&=( *)( *
:7$.,),:7&'(*/2()$3:.G(*(-8'$,8)($/2$6$28*.=(%,(:,/2&'(*(5$%=(*/2
%7&/( )7*'&( %7&( '&)8.%)( ,+( %7*%( :,/2&'$/1( $/( %7&( ?@A( -7*'*-%&'
$/-'&3&/%)=( ,'( !%#&&%)C( %7*%( "#$%%&'( *..,#)B( `/&( -,33&/%( #$..
):*'0( */,%7&'=( */2( 5&+,'&( .,/1=( :&,:.&( ,+( 2$++&'&/%( *1&)( */2

#*.0)(,+(.$+&(+',3(*',8/2(%7&(#,'.2(*'&(&/1*1&2(#$%7(3&(*/2
&*-7(,%7&'($/(*/(&>%&/2&2(-,/6&')*%$,/(,+(5'$&+(58')%)(%7*%(*22
8:(%,(/&#('&*.$H*%$,/)(+,'(&6&'G,/&($/6,.6&2B

4>3%$J3&("#$%%&'(<22.>/%,
X*/(G,8(7*6&(38.%$:.&("#$%%&'(*--,8/%)Q(O&)B([7,8.2(G,8(7*6&(38.%$:.&
*--,8/%)Q( E%( 2&:&/2)B( [,3&( :&,:.&( 7*6&( */( *--,8/%( +,'( 58)$/&))
%#$%%&'$/1( */2( */,%7&'( +,'( :&'),/*.( %#$%%&'$/1B( E( %7$/0( %7$)( $)( *( 2$++$-8.%
5*.*/-&(%,(3*$/%*$/=(5&-*8)&($%($)(%,817(&/,817(%,(1&%(%'*-%$,/(1,$/1
+,'( ,/&( "#$%%&'( *--,8/%B( R,#&6&'=( $%( -*/( 5&( 2,/&B( ^*6&( "*G.,'
;###Ba)0^*6&"*G.,'B-,3<( 2,&)( *( 1'&*%( M,5( #$%7( 7$)( 58)$/&))
*--,8/%=(###B%#$%%&'B-,3kK$.3m8HH=(*/2(3*$/%*$/)(*(:&'),/*.(*--,8/%
*)(#&..B(E(7*6&()&&/(,%7&')()8--&))+8..G(3*$/%*$/(58)$/&))(*--,8/%)=
,++&'$/1(-,8:,/)=(3,/&%*'G(2&*.)=(*/2(),(,/B("7&'&(*'&(*.),()&'6$-&4
,'$&/%&2( *--,8/%)( %7*%( %#&&%( -8''&/%( 2&*.)( ,'( '&):,/2( %,( -8)%,3&'
)&'6$-&($))8&)B("7&'&(*'&(/&#)()&'6$-&)(%7*%(%#&&%(,/.G(7&*2.$/&)B(O,8
-*/(-7,,)&(#7*%(%G:&(,+(*/(*--,8/%(G,8(#*/%B
m&(-*'&+8.=(%7,817P($%(/&&2)(%,(5&(),3&%7$/1(%7*%(:&,:.&(6*.8&(,'(&/M,GB
^*6&9)(58)$/&))(*--,8/%($)()8--&))+8.(*%(.&*)%(:*'%$*..G(5&-*8)&(+$.3
%'$6$*(*/2('&6$&#)(*'&(),3&%7$/1(%7*%(:&,:.&(&/M,G(3,'&(,+%&/(%7*/(/,%B

*.33.#$/0(+/5(K/G.33.#$/0
I&96&( 2$)-8))&2( #7,( G,8( )7,8.2( +,..,#=( 58%( -*/( G,8( 8/4+,..,#
),3&,/&(#7,($)/9%(:',6$2$/1(6*.8&Q(a5),.8%&.GB(E+(),3&,/&(G,8(+,..,#
2,&)/9%(*22(6*.8&(%,(G,8'(.$+&=(+&&.(+'&&(%,()%,:(+,..,#$/1(7$3(,'(7&'B("7$)
$)(/,%(*/(&%$S8&%%&($))8&B
R,#(2,(G,8(1&%(:&,:.&(%,(+,..,#(G,8Q("'G(%7&(+,..,#$/1B
D(^,/9%(*/)#&'("#$%%&'9)(S8&)%$,/(;!I7*%(*'&(G,8(2,$/1QC<(.$%&'*..GB
_,(,/&('&*..G(-*'&)(*5,8%(%7&(+*-%(%7*%(G,8(M8)%(5'8)7&2(G,8'
%&&%7(,'(7*6&(%,(1,(:$-0(8:(%7&(0$2)(+',3()-7,,.=(8/.&))(G,8(-*/

3*0&($%(6*.8*5.&B(a6,$2()*G$/1=(!l,$/1(%,(:$-0(8:(0$2)BC(E/)%&*2=
)*G=(!L$-0$/1(8:(0$2)(+',3()-7,,.B(E4od(*/2(m&.%.$/&(*'&(M*33&2B
K$/2(*/,%7&'(',8%&BC("7*%9)(7&.:+8.T
D(N&*6&(,8%(38/2*/&(2&%*$.)(8/.&))(%7&G(*22(6*.8&B(a6,$2(%7$/1)
.$0&=(!N,6$/1(%7$)(6&11$&(58'1&'BC(J)&=(!N,6$/1(%7$)(6&11$&
58'1&'(*%(%7&(/&#([*/(K'*/-$)-,(M,$/%(,/(@d%7(*/2(N&3,/BC
D([7*'&(6*.8*5.&(-,/%&/%B(E+(G,8(+$/2(*(1'&*%()$%&(,'(8)&+8.(%$25$%=
)7*'&B(E%9)(*.),(,0*G(%,()7*'&(-,/%&/%(%7*%(G,8(#',%&(G,8')&.+=(*)
.,/1(*)($%9)(8)&+8.B(UG(-,3:*/G(1&%)(FA(:&'-&/%(,+(,8'(#&5)$%&
%'*++$-(+',3("#$%%&'(8)$/1(%7$)(3&%7,2B
D(a)0(1&/8$/&(S8&)%$,/)=(*/2(#&.-,3&(+&&25*-0B(I7$.&(#'$%$/1
%7$)(5,,0=(E(,+%&/(%8'/&2(%,(3G("#$%%&'(+,..,#&')(*/2(*)0&2(#7*%
%7&G(#,8.2(.$0&(%,()&&(*22'&))&2B("7,817%+8.(S8&)%$,/)(-*/(*.),
.&*2(%,(&/1*1$/1(2$)-8))$,/)(%7*%(-*/(7&.:(G,8(5&%%&'
8/2&')%*/2(,%7&')9(:&'):&-%$6&)(*/2(,5%*$/(+&&25*-0B("7$)($)
0&G(%,(58$.2$/1('&.*%$,/)7$:)B
D(L8%(*(58%%,/(,/(G,8'(5.,1(,'(#&5)$%&($/6$%$/1(:&,:.&(%,(+,..,#(G,8B
a(781&(-,..&-%$,/(,+(58%%,/)(-*/(5&(+,8/2(*%
###B6$/-&/%*5'GB-,3ko?4.,1,)4&%45,8%,/)4:,8'4%#$%%&'4F@pA
;_,%&P("7$)(#&5)$%&($)(/,%($/(W/1.$)7<B
D(U*0&($%(*(:,$/%(%,(+,..,#(*%(.&*)%(%#,(/&#($/%&'&)%$/1(:&,:.&(:&'
2*GB("7&G(3*G(+,..,#(G,8(5*-0T
D(R,)%(*(-,/%&)%(,'(1$6&*#*GB(U*/G(7$174:',+$.&(5.,11&')(7*6&
2,/&(%7$)B("7&G(*)0(:&,:.&(%,(+,..,#(%7&3(*/2('&%#&&%(%7&$'
-,/%&)%(3&))*1&(%,(&/%&'(%7&(-,/%&)%=(),(%7&$'(/*3&($)():'&*2
S8$-0.GB("7$)(#,'0)($+(;?<(G,8(*.'&*2G(7*6&(*(1,,2(+,..,#$/1(;*%
.&*)%(*(+&#(78/2'&2<=(*/2(;F<(%7&(1$6&*#*G($)(),.$2B
D(^,/9%(*)0(:&,:.&(%,(7&.:(G,8(1&%(3,'&(+,..,#&')(%,('&*-7(*
-&'%*$/(/835&'B(E%(.,,0)(*#+8.B(E%($)(,0*G(%,(*)0($+(G,8(7*6&(*(1,*.
%7*%($)/9%(*5,8%(G,8'(+,..,#&'(/835&'B(a6,$2()*G$/1=(!L.&*)&
7&.:(3&(1&%(%,(dAA(+,..,#&')B(E(*3(),(-.,)&B("7*/0)BC(E/)%&*2=
%'G=(!E92(.,6&(%,(3&&%(3,'&(:&,:.&($/(%7&(^&%',$%(*'&*B(X*/(G,8
'&-,33&/2(*/GQC
D(I7&/(%#&&%$/1(.$/0)=()7,'%&/(%7&3(8)$/1(*(J]N4)7,'%&/$/1
)&'6$-&B("7$)(#*G(G,8(-*/(+$%(3,'&(-7*'*-%&')($/%,(*()$/1.&
%#&&%B(a.),=(3*/G(J]N4)7,'%&/$/1()&'6$-&)=(.$0&

###Bm82J]NB-,3=(###B[/$:J]NB-,3=(%'B$3=(*/2(5$%B.G=(*..,#
G,8(%,(%'*-0(7,#(3*/G(-.$-0)(*(.$/0('&-&$6&)B("7$)($)(*(1'&*%(#*G
%,(+$18'&(,8%(#7*%(*%%'*-%)(+,.0)(%,(G,8'(#&5)$%&\*/2(%7&/(2,
3,'&(,+($%T
^,(%7&(/835&')(3*%%&'Q(O&)B(E(#$)7(E(-,8.2()*G(%7*%(%7&G(2,/9%=(58%
%7&( /835&'( ,+( :&,:.&( #7,( +,..,#( G,8( 2,&)( 3*%%&'B( I7GQ( "7&( 3,'&
:&,:.&(#7,(+,..,#(G,8=(%7&(3,'&('&*-7(G,8(7*6&B(",2*G=(#7&/(E(*)0(*
S8&)%$,/(,'(/&&2(+&&25*-0(,/(*/($2&*=(E(1&%(%&/(%,(+$+%&&/('&:.$&)(6&'G
S8$-0.G\*/2(%7*%9)(#$%7(?Z=AAA(+,..,#&')B([,=(G&)=(/835&')(3*%%&'B
^,&)(%7$)(3&*/(%7*%(G,8()7,8.2(,5)&))(,6&'(%7&(/835&'(,+(:&,:.&
+,..,#$/1(G,8Q(_,B(E%9)()%$..(5&%%&'(%,(+,-8)(,/(*()3*..&'(:,,.(,+(:&,:.&
#$%7(#7,3(G,8(7*6&(-,//&-%&2('*%7&'(%7*/(%7,8)*/2)(#$%7(#7,3(G,8
7*6&/9%B(O,8(#*/%(%,(-*'&+8..G(3*/*1&(S8*.$%G(*)(G,8($/-'&*)&(S8*/%$%GB
a)(3,'&(*/2(3,'&(:&,:.&(+,..,#(G,8=(G,8(-*/(+$/2(%,,.)(%7*%(#$..(7&.:
G,8( -*%&1,'$H&( */2( ,'1*/$H&( %7&( %#&&%)B( E+( G,8( 8)&( "#&&%^&-0=( +,'
&>*3:.&=(G,8(-*/(,'1*/$H&(G,8'(+,..,#&')($/%,(-*%&1,'$&)B(E(7*6&(3$/&
)&%(8:($/%,(%#,(',#)B("7&(+$')%(-,/%*$/)(*..(3G(+,..,#&')=(*/2(%7&()&-,/2
$)(*(.$)%(,+(-,..&*18&)(*/2(:&'),/*.(+'$&/2)B

<(6.'5(./(<>%.L*.33.#$/0(+/5(<>%.M+%&5(?$'&2%(4&,,+0$/0
"7&'&(*'&(3*/G(*::.$-*%$,/)(,8%(%7&'&(%7*%(#$..(*..,#(G,8(%,(*8%,4+,..,#=
3&*/$/1( *8%,3*%$-*..G( +,..,#( 5*-0( %7,)&( #7,( +,..,#( G,8B( "7&'&( *'&
*.),(*::.$-*%$,/)(%7*%(.&%(G,8(2,(*8%,3*%&2(2$'&-%(3&))*1$/1=($/(#7$-7
G,8( )&/2( *( -*//&2( 2$'&-%( 3&))*1&( %,( *..( G,8'( +,..,#&')B( E( 2,/9%
'&-,33&/2(&$%7&'(%&-7/$S8&B
I7&/("#$%%&'(#*)(/&#=(*8%,3*%$-*..G(+,..,#$/1(:&,:.&(#*)(*(1,,2
#*G(%,(1$6&(082,)(;$+(G,8(+,..,#(3&=(E(#$..(+,..,#(G,8(5*-0<(*/2(%,(1',#
G,8'(/&%#,'0B(R,#&6&'=(5&-*8)&("#$%%&'(7*)(1',#/(),('*:$2.G=($%(7*)
*%%'*-%&2( $%)( )7*'&( ,+( ):*33&')B( J/.$0&( K*-&5,,0=( #7$-7( 3,/$%,')
*/2()8):&/2)(*--,8/%)(+,'(&6&/('&3,%&.G()8):$-$,8)(*-%$6$%G=("#$%%&'
%*0&)( *( 3,'&( .*$))&H4+*$'&( *::',*-7( $/( 1,6&'/$/1B( [:*33&')( *'&
/,%,'$,8)( +,'( +,..,#$/1( :&,:.&( #7,( *8%,4+,..,#( */2( %7&/( 8/4+,..,#$/1
%7&3B( "7$)( )0&#)( %7&$'( -,8/%( ),( $%( .,,0)( .$0&( ?A=AAA( :&,:.&( *'&

+,..,#$/1(%7&3(*/2(%7&G(*'&(,/.G(+,..,#$/1(*(7*/2+8.B(X*/(G,8(%7$/0(,+
*/G( '&*),/( #7G( ?A=AAA( :&,:.&( #,8.2( +,..,#( *( ):*33&'Q( `+( -,8')&
/,%B("7$)($)(%7&(#7,.&(:,$/%(,+(%7&$'(%'$-0B("7&G(3*0&($%()&&3(.$0&(%7&G
*'&(.&1$%$3*%&(5G(%*0$/1(*26*/%*1&(,+(%7,)&(#7,(*8%,4+,..,#B
a8%,3*%&2(2$'&-%(3&))*1$/1($)(*.),(*(781&("#$%%&'(2,/9%B("7&'&(#*)
*(%$3&(#7&/(E(5&.$&6&2(*8%,3*%&2(3&))*1&)(-,8.2(#,'0(#7&/(8)&2
:',:&'.G=( 58%( 5&-*8)&( ,+( "#$%%&'9)( 1',#%7( */2( 8)&')9( 3$)8)&( ,+( %7&
+8/-%$,/(5G():*33&')=(E('&-,33&/2(*1*$/)%($%B

K,$/0("#$%%&'(%.(<%%'+2%B(N./A&'%B(+/5("'+/,G.'M
"#$%%&'($)(,/&(,+(%7,)&('*'&(),-$*.(/&%#,'0$/1()$%&)(#7&'&(G,8(-*/(2,
*..(%7'&&T(O,8(-*/(*%%'*-%(:&,:.&(%,(G,8'(#&5)$%&=(-,/6&'%(+,..,#&')($/%,
-,/)83&')( */2( -8)%,3&')=( */2( %'*/)+,'3( G,8'( :*)%( )8--&))&)( 5G
)7*'$/1()%,'$&)(*/2(-*)&()%82$&)B
L,)%$/1(.$/0)($)(*(1'&*%(#*G(%,(*%%'*-%(:&,:.&(%,(G,8'(#&5)$%&B(E(,/-&
#',%&(*(:,)%(-*..&2(!?A("7$/1)(%,(^,(E33&2$*%&.G(a+%&'(*(_&%#,'0$/1
W6&/%C(%7*%($/-.82&2(*(.$/0(%,(,8'(-,3:*/G(5.,1B(E%(.&2(%,(?=?Fd(6$)$%)(%,
,8'(-,3:*/G(5.,1(#7&/(E(%#&&%&2($%(;*/2(,%7&')('&%#&&%&2($%<B("7*%(,/&
*'%$-.&(#$%7(*(.$/0(*%%'*-%&2(,6&'(*(%7,8)*/2(:&,:.&T(`+(%7*%(%7,8)*/2=
3*/G( -7,)&( %,( )85)-'$5&( %,( %7&( 5.,1=( 5&-,3$/1( :&'3*/&/%
-,/)83&')B([,3&(#$..(1,(,/(%,(-,/6&'%($/%,(-.$&/%)B
"7&'&( *'&( *.),( %$3&)( #7&/( #&( +$/2( :&,:.&( %#$%%&'$/1( %,( )&*'-7( +,'
),3&%7$/1\)8-7(*)(#&5(2&)$1/=([W`=(,'(),-$*.(3&2$*(7&.:\$/(.$&8
,+(*)0$/1(*(+'$&/2(,'(8)$/1(*()&*'-7(&/1$/&B(I7&/(#&(+$/2()8-7(+,.0)=
#&( ,++&'\#$%7,8%( 5&$/1( :8)7G\%,( 7&.:( %7&3B( E%9)( &6&/( 5&%%&'( #7&/
),3&,/&( #7,( $)( +,..,#$/1( 8)( %&..)( %7&3=( !R&G=( "7&( U*'0&%$/1( q&/
l',8:(2,&)(%7*%(0$/2(,+(#,'0(#&..B(X,//&-%(#$%7Y[7*3*BC(`+%&/(%7*%
%8'/)(%7&3($/%,(*/($/)%*/%(-.$&/%(+,'(8)T
"7&/=( #7&/( #&( 2,( %7&( #,'0=( #&( )7*'&( ,8'( '&)8.%)B( K,'( &>*3:.&=( E
3$17%()*G=(!e8)%(.*8/-7&2(*(5.,1(+,'(bnX8$)$/&B-,3T(X7&-0($%(,8%(7&'&P
5.,1B0n-8$)$/&B-,3B("7*%(#*)(*(1'&*%(:',M&-%TC(`'=(#&(3$17%()7*'&(*
-*)&()%82G(,'(*()%,'GB("7$)($)(2$++$-8.%(%,(2,($/(?@A(-7*'*-%&')=(58%($%(-*/

5&(*--,3:.$)7&2(#$%7(),3&(:'*-%$-&B(K,'(&>*3:.&P(!X.$&/%(/&&2&2(%,
'&*-7( *( 6&'G( %*'1&%&2( *82$&/-&B( [&%( 8:( *( K*-&5,,0( :*1&( */2
%*'1&%&2(1',8:(rOqB(l,%(pAA(-.$-0)(*/2(*(FAs($/-'&*)&($/()*.&)BC

"#$%%&'(<JJ3$2+%$./,
m&-*8)&("#$%%&'($)(1',#$/1(*%()8-7(*(+*)%(:*-&=(*::.$-*%$,/)(%,(5,.)%&'
$%(*'&(5&$/1(-'&*%&2(,/(*(2*$.G(5*)$)B(R&'&(*'&(*(+&#(,+(3G(+*6,'$%&)P
D( "#a$%%&'( ;###B%#*$%%&'B-,3<P( "#a$%%&'( *..,#)( G,8( %,( )-7&28.&
G,8'(%#&&%)=(-'&*%&(1',8:)=(3*/*1&(38.%$:.&(8)&')=(*/2(3,/$%,'
G,8'(5'*/2B
D( "#&&%^&-0( ;###B"#&&%^&-0B-,3<P( "#&&%^&-0( *..,#)( G,8( %,
3*/*1&( "#$%%&'( ,/( G,8'( 2&)0%,:B( E%( )7,#)( G,8( %7&( %#&&%)( ,+
:&,:.&(G,89'&(+,..,#$/1=('&:.$&)=(*/2(2$'&-%(3&))*1&)($/(%7'&&
-.&*/(-,.83/)B(_,(-.$-0$/1(5*-0(*/2(+,'%7(/&-&))*'GT
D( [,-$*.`,3:7( ;###[,-$*.`,3:7B-,3<P( [,-$*.`,3:7( *..,#)
G,8( %,( '&.&*)&( %#&&%)( $/( %7&( +8%8'&B( l,$/1( ,/( *( 6*-*%$,/( 58%
+,8/2( ),3&( 1,,2( -,/%&/%( %,( )7*'&Q( O,8( -*/( 8)&( %7$)
*::.$-*%$,/(%,(#'$%&(%#&&%)(*7&*2(,+(%$3&(%,(:,)%(*8%,3*%$-*..G
#7$.&(G,89'&(1,/&B
D( [,-$*.",,( ;###B[,-$*.",,B-,3<P( [$3$.*'( %,( [,-$*.`,3:7=
[,-$*.",,( *..,#)( G,8( %,( +$.%&'( %#&&%)( %,( *6,$2( ):*33&')( */2
)&%)( 8:( )8'6&G)( %7*%( G,8'( "#$%%&'( +,..,#&')( -*/( %*0&\*( 1'&*%
#*G(%,(1&%(+&&25*-0B
D( U'B( "#&&%( ;U'"#&&%B-,3<P( U'B( "#&&%( $)( *( %'8&( :&'),/*.
/&%#,'0$/1(*))$)%*/%B(E%('&-,33&/2)(:&,:.&(%,(+,..,#(*/2(*.),
%&..)(G,8(#7,($)(+,..,#$/1(G,8B(E%9)(*(1'&*%(%,,.(%,(7&.:(G,8(58$.2
G,8'("#$%%&'(.$)%B
D( R,,%[8$%&( ;R,,%[8$%&B-,3<P( R,,%[8$%&( *..,#)( G,8( %,( %'*-0
38.%$:.&( *--,8/%)( */2( )8::,'%)( 38.%$:.&( 8)&')B( E%( *.),( .&%)( G,8
%'*-0()%*%$)%$-)()8-7(*)(7,#(3*/G(:&,:.&(-.$-0&2(,/(G,8'(.*)%
.$/0B
D("#$%L$-(;###"#$%L$-B-,3<P("#$%L$-(*..,#)(G,8(%,()7*'&(:$-%8'&)
,/("#$%%&'B(E%9)(6&'G(&*)G(%,(8)&T
D("#&&%m&&:(;"#&&%m&&:B-,3<P("#&&%m&&:(*..,#)(G,8(%,()&%(8:

&3*$.(*.&'%)(+,'(0&G#,'2)(%7*%(G,8(#*/%(%,(+,..,#(,/("#$%%&'B
D("#$%%&'+&&2(;"#$%%&'+&&2B-,3<P("#$%%&'+&&2($)(*()&'6$-&(%7*%(+&&2)
G,8'(5.,1(%,("#$%%&'B(J)&($%($/(3,2&'*%$,/T(O,8(2,/9%(#*/%(G,8'
"#$%%&'()%'&*3(%,(5&(+8..(,+(G,8'(,#/(:,)%)B
D(m855.&"#&&%(;###Bm855.&"#&&%B-,3<P(m855.&"#&&%(*..,#)(G,8
%,( -,35$/&( 6$2&,( #$%7( "#$%%&'B( O,8( -*/( -'&*%&( *( S8$-0( 6$2&,
$/%',28-%$,/(,+(G,8')&.+(8)$/1(%7$)(*::.$-*%$,/(*/2(:8%($%(,/(G,8'
"#$%%&'( :',+$.&B( "7&( ,/&( 2,#/)$2&( %,( m855.&"#&&%( $)( %7*%( $%
1$6&)( G,8( */( *.%&'/*%$6&( J]NB( K,'( &>*3:.&=( 3$/&( $)
###B5855.&%#&&%B-,3k$2k31/>&B( E%( :.*G)( %7&( 6$2&,( */2( %7&/
%8'/)( $/%,( 3G( "#$%%&'( J]NB( R,#&6&'=( E( -*//,%( 1&%( $%( %,( :.*G
2$'&-%.G( ,/( 3G( "#$%%&'( :',+$.&( #$%7,8%( 8)$/1( *( 2$++&'&/%( J]NB
^&):$%&(%7$)(2'*#5*-0=(%7$)(*::.$-*%$,/($)()%$..(#,'%7($%T
O,8( -*/( )&&( *( -,/%$/8*..G( 8:2*%&2( .$)%( ,+( /&#.G( -'&*%&2( "#$%%&'
*::.$-*%$,/)(
*%
###B5$'2)*..),-$*.3&2$*B-,3kFAAnkA@kA@k5$'2)*..sWFspAsnn)4
3*))$6&4%#$%%&'4)$%&)4%,,.)42$'&-%,'GB

"#$%%&'(./(C.>'(D)./&9
"7&'&(*'&(*(/835&'(,+(*::.$-*%$,/)(%7*%(*.),(*..,#(G,8(%,(%#$%%&'(8)$/1
G,8'(:7,/&B(R&'&(*'&(*(+&#P
D( "#$%%&'$+$-( ;"#$%%&''$+$-B-,3<P( "#$%%&'$+$-( $)( *( %'$&24*/24%'8&
*::.$-*%$,/(+,'(%7&($L7,/&B
D(t5&'"#$%%&'(;###BJ5&'"#$%%&'B-,3<P(t5&'"#$%%&'($)(*(1,,2(%,,.
+,'(8)$/1("#$%%&'(,/(G,8'(m.*-0m&''G
D( "#$2',$2( ;"#$2',$2B-,3<P( "7$)( *::.$-*%$,/( $)( %7&( 5&)%( -7,$-&
;*/2(,/&(,+(%7&(+&#<(+,'(%7&(l,,1.&("4U,5$.&(a/2',$2B
D("#$%%&'(U,5$.&(;3B%#$%%&'B-,3<P("7$)($)("#$%%&'9)(,#/(3,5$.&()$%&B

1&+'2)$/0("#$%%&'(%.(O.$/(P&3&A+/%(N./A&',+%$./,
b/,#$/1(7,#(%,()&*'-7(,/("#$%%&'($)(-'8-$*.=(5&-*8)&(%7*%($)(7,#(G,8

0/,#(#7$-7(-,/6&')*%$,/)(%,(M,$/T(L'*-%$-$/1()*66G()&*'-7$/1()0$..)(,/
"#$%%&'( $)( .$0&( :'*-%$-$/1( 1,,2( .$)%&/$/1( )0$..)( $/( *( +*-&4%,4+*-&
-,/6&')*%$,/B(E+(G,8(2,/9%()&*'-7=(G,8(#,/9%(0/,#(#7,($)(.,,0$/1(+,'(G,8
\*/2=( :&'7*:)( 3,'&( $3:,'%*/%.G=( #7,( 3$17%( 7*6&( *( -,3:.*$/%( ,'
-,/-&'/B( X,3:.*$/%)( */2( -,/-&'/)( *'&( 5&)%( *22'&))&2( :85.$-.G( ),
,%7&')( -*/( )&&( %7*%( G,8( *'&( *( -,3:*/G( %7*%( -*'&)( */2( $)( %8/&2( $/B
U*/G(5$1(-,3:*/$&)()8-7(*)(X,3-*)%=(^&..=(*/2(e&%m.8&(8)&("#$%%&'
%,(,++&'(-8)%,3&'()&'6$-&B("7&G()&*'-7(+,'(3&/%$,/)(,+(%7&$'(/*3&(*/2
&/1*1&(%7,)&(8)&')($/(*(8)&+8.(-,/6&')*%$,/B
O,8( -*/( )&*'-7( "#$%%&'( -,/6&')*%$,/)( 2$'&-%.G( +',3( G,8'( "#$%%&'
7,3&( :*1&B( O,8( -*/( *.),( )&%( 8:( 0&G#,'2( *.&'%)( ;)$3$.*'( %,( l,,1.&
*.&'%)<(8)$/1(*()&'6$-&(.$0&("#&&%m&&:B(I7*%()7,8.2(G,8()&*'-7(+,'Q
O,8'( -,3:*/G( /*3&=( G,8'( :&'),/*.( /*3&=( */2( */G( $/28)%'G4'&.*%&2
%&'3)B(a.),=( 5&( )8'&( %,( )&*'-7( +,'( :7'*)&)( '&.*%&2( %,( %7&( )&'6$-&( ,'
:',28-%(G,8(,++&'B(K,'(&>*3:.&=($+(G,8(*'&(*(#&5(2&)$1/&'=(G,8()7,8.2
)&*'-7( +,'( !/&&2( #&5)$%&BC( "7$)( $)( ,/&( ,+( %7&( 5&*8%$+8.( %7$/1)( *5,8%
"#$%%&'B( L&,:.&( 19*&4( )&*'-7( +,'( #7*%( %7&G( /&&2( $/( *( 6&'G( :85.$3*//&'B( E%( $)( /,%( 8/-,33,/( %,( )&&( :&,:.&( *)0$/1( +,'( '&+&''*.)( */2
'&-,33&/2*%$,/)B(a/2($%($)(,0*G(%,(,++&'(8:(G,8'(:',28-%(,'(-,3:*/G
$/(*(/,/$/%'8)$6&(3*//&'B(]&-&/%.G=(E(#*)()&*'-7$/1(+,'(),3&(:',M&-%4
3*/*1&3&/%( ),+%#*'&=( */2( E( *)0&2( +,'( '&-,33&/2*%$,/)B( [7,'%.G
*+%&'#*'2=( %#,( ,#/&')( ,+( :',M&-%43*/*1&3&/%( ),+%#*'&( -,3:*/$&)
*)0&2(#7&%7&'(E(7*2()&&/(%7&$'()$%&(*/2($+(E(#,8.2(.$0&(*(2&3,B("7$)($)(*
1'&*%( &>*3:.&( ,+( )&..$/1( 3*2&( )$3:.&B( m&)%( ,+( *..=( 5&-*8)&( E( #*)
.,,0$/1(+,'(%7$)($/+,'3*%$,/=(E(#*)(1'*%&+8.(%,(7&*'(+',3(%7&3B
"7&(+,..,#$/1(*'&(%7'&&()%,'$&)(,/(7,#(E(7*6&(.&6&'*1&2("#$%%&'(%,
+8'%7&'(3G(,#/(58)$/&))B
?B(1/+00&5(+(,J&+F$/0(&/0+0&M&/%Q(E(+,..,#(%7&(+,8/2&'(,+(*
6&'G( :'&)%$1$,8)( 5.,11$/1( -,/+&'&/-&B( E( 7*2( M8)%( )853$%%&2( 3G
):&*0$/1(:',:,)*.(%7',817(7$)(#&5)$%&(#7&/(E()&/%(7$3(*(:85.$3&))*1&( 1$6$/1( 7$3( *( 7&*2)48:( ,/( %7&( :',:,)&2( %,:$-B( _,
),,/&'( 7*2( E( )&/%( ,8%( %7*%( %#&&%( %7*/( *( #&..40/,#/( 5.,11&'
'&%#&&%&2(%7&(3&))*1&(*/2(*22&2(),3&%7$/1(*.,/1(%7&(.$/&)
,+( !G,8( #,8.2( 5&( 3$))$/1( ,8%( $+( )7&( 2$2/9%( :'&)&/%BC( a.3,)%
$33&2$*%&.G=(E(1,%(*(2$'&-%(3&))*1&(+',3(%7&(+,8/2&'()*G$/1(7&

.$0&2(%7&(%,:$-(*/2(%7*%(E(#*)($/B(E%(*..(7*::&/&2(#$%7$/()&-,/2)T
^,/9%( 8/2&'&)%$3*%&( %7&( :,#&'( ,+( "#$%%&'B( [$/-&( %7&/=( :&,:.&
7*6&(,+%&/(/,%$-&2(3G():&*0$/1(%,:$-)(#7&/(E(%#&&%(*/2(*)0&2
3&(%,():&*0(*%(%7&$'(&6&/%)B
FB(*.>/5(5$'&2%(23$&/%,Q(I&(1&%(*%(.&*)%(%#,(.&*2)(*(#&&0(+',3
"#$%%&'B([,3&,/&($/&6$%*5.G()&&)(*(%#&&%(*5,8%(*(#&5)$%&(#&
M8)%(+$/$)7&2=(,'(*('*/0$/1(#&(*-7$&6&2(+,'(*(-.$&/%=(*/2(#*/%)(%,
0/,#(#7*%(#&(-*/(2,(+,'(7$3(,'(7&'B("7*%($)(),-$*.(3&2$*(*%($%)
5&)%=( 5&-*8)&( G,8( *'&( *%%'*-%$/1( /&#( -.$&/%)( 5G( %'*/)+,'3$/1
G,8'(,.2()8--&))&)($/%,()%,'$&)\,'=($/(%7$)(-*)&=(%#&&%)T
o B(R,%+=3$,)&5(&SJ&'%$,&Q( I&( ,/-&( 7*2( *( -.$&/%( #7,( 7$'&2( 8)
),.&.G(5G(.,,0$/1(*%(3G(%#&&%)B(R&()*$2(%7&G(#&'&(:',,+(%7*%(#&
0/&#( ,/.$/&( 3*'0&%$/1V( ,8'( %$:)( ,/( "#$%%&'( -,/6$/-&2( 7$3B
W)%*5.$)7$/1( 3G( &>:&'%$)&( 7*)( .&*2( %,( 38.%$:.&( ):&*0$/1
,::,'%8/$%$&)=(3,'&(-.$&/%)=(*/2(*'%$-.&)($/(6*'$,8)(:85.$-*%$,/)B
E%( 7*)( *.),( .&2( %,( ),3&( 1'&*%( M,$/%( 6&/%8'&( '&.*%$,/)7$:)B
X,..&*18&)(#7,(2,(-,3:.&3&/%*'G(#,'0(#$..(,+%&/()&&(#7*%(#&
2,(*/2('&+&'(%7&$'(-.$&/%)(%,(8)B(E%($)(*(#$/4#$/()$%8*%$,/(+,'(*..B

"#$%%&'("$J,(G.'(6'$%&',B(RSJ&'%,B
I&+5&',B(+/5(T./J'.G$%,
E+( G,8( #*/%( %,( 1&%( G,8'( 5,,0=( $2&*=( ,'( 3&))*1&( ,8%( %,( %7&
#$2&)%(:,))$5.&(*82$&/-&=(5&-,3&(*-%$6&(,/("#$%%&'B
U*/G(:&,:.&(-,/%$/8&(%,(%7$/0(%7*%(),-$*.(3&2$*(,8%'&*-7
\*/2( "#$%%&'( $/( :*'%$-8.*'\$)( */( ,:%$,/*.( :*'%( ,+( 58$.2$/1
6$)$5$.$%G=(:.*%+,'3=(*/2(*8%7,'$%GB(E/(%7&,'G=($%($)B(m8%($/('&*.$%G=
E96&(2$)-,6&'&2(+,'(3G)&.+(*/2(3G(-.$&/%)(%7*%(8)$/1("#$%%&'
$)( .$0&( %8'/$/1( ,/( *( .$17%( 58.5( +,'( -'&*%$6&( */2( $2&*42'$6&/
:&,:.&P( $%( M83:4)%*'%)( %7&( #7,.&( '&.*%$,/)7$:=( .$)%=( */2
/&%#,'0458$.2$/1(:',-&))B(E%9)(,/&(,+(%7&(+*)%&)%(*/2(&*)$&)%
#*G)(%,P
D(K$/2(.$0&43$/2&2($/2$6$28*.)=(/$-7&)=(*/2(&)%*5.$)7&2

-,338/$%$&)(%7*%(G,8(-*/($/%&'*-%(#$%7(*/2(.&*'/(+',3
D( e,$/( */2( -,/%'$58%&( %,( %7&( -,/6&')*%$,/)( G,89'&
:*))$,/*%&(*5,8%\'*%7&'(%7*/(#*$%$/1(*/2(#*$%$/1(%,
5&(2$)-,6&'&2
D( ^$)-,6&'( #7$-7( $2&*)=( -,/-&:%=( %&'3)=( */2( .$/0)
'&),/*%&(#$%7(G,8'(*82$&/-&(3,)%
D(m'$/1(:&,:.&(%,(G,8'(5.,1=(#'$%$/1=(#&5)$%&(*/2(,%7&'
*-%$6$%$&)( ),( G,8( -*/( %8'/( %7&3( $/%,( !-.$&/%)C\
3&*/$/1( *-%8*.( '&*2&')=( -8)%,3&')=( '&-&$6&')=
*/2k,'(58G&')
e*/&%(l,.2)%&$/=(

%+>,#=8#4;!(4'!=*2(*&;-!)14=+,*(4*!(4'!%2#4)#%(,!19!?(4&*
@1,'=*&#4!A4*&2%2#=&=

"#$%%&'(?.;,(+/5(?./;%,
^`P
!( J)&( G,8'( %#&&%)( )%'*%&1$-*..GB( b/,#( #7*%( G,8( *'&( %'G$/1( %,

*--,3:.$)7(#$%7(G,8'(%#&&%B
!(K,..,#(:&,:.&(G,8(*23$'&=(&6&/($+(%7&G(2,/9%(+,..,#(G,8(5*-0B
!( m&( ,/( %7&( .,,0,8%( +,'( 6*.8*5.&( -,/%&/%( %,( )7*'&( #$%7( G,8'

+,..,#&')B
!("'&*%(G,8'(+,..,#&')(#$%7('&):&-%B("7&'&(*'&(.,%)(,+(6$&#:,$/%)

,/( "#$%%&'=( */2( #$%7,8%( /,/6&'5*.( -8&)=( $%9)( &*)G( %,( ,++&/2
:&,:.&B(J)&()*'-*)3(#$%7(-*'&B
!(]&):,/2(%,(2$'&-%(3&))*1&)(*/2(Y('&:.$&)B
!(X'&*%&(*(-,338/$%G(,+(-,..&*18&)B
!(a)0(1&/8$/&(S8&)%$,/)\G,89..(1&%(1,,2(*/)#&')T
!(]&%#&&%(#7&/(),3&,/&()7*'&)(),3&%7$/1(6*.8*5.&B
!([7*'&('&.&6*/%(:$-%8'&)(*/2(6$2&,)B
!( I,'0( ,/( *%%'*-%$/1( :&,:.&( %,( G,8'( )$%&( ;8)$/1( '&*.( 6*.8&=( /,%
:8)7G(.$/0)<B
!([7*'&(3$/$4-*)&()%82$&)(*5,8%(G,8'()8--&))&)B

!(N&*'/(%,(%&..()%,'$&)($/(?@A(-7*'*-%&')B
!("'*-0(7,#(3*/G(:&,:.&(-.$-0(,/(G,8'(%#&&%&2(.$/0)

^`_9"P

(
(
(
(

( ( "'G( %,( +,'-&( */G,/&( %,( +,..,#( G,8B( E( 7*6&( )&&/( :&,:.&( 1&%
*/1'G(5&-*8)&(),3&,/&(#,/9%(+,..,#(%7&3(5*-0B(O,8(-*/(,/.G
2&-$2&(#7,(%,(+,..,#\/,%(#7,(+,..,#)(G,8B
( ( a)0( ),3&,/&( #7G( %7&G( 8/4+,..,#&2( G,8B( ]&):&-%( %7&$'
2&-$)$,/B
( ( U*))4+,..,#( :&,:.&B( ;]&*..G(,11$( *%( #7,( G,8( #*/%( %,( +,..,#B
"7$)($)(G,8'(-7*/-&(%,(-'&*%&(G,8'(,#/(783*/()&*'-7(&/1$/&B<
(L,)%(.$/0)(%,(,/.G(-1+2(#&5)$%&B(;_,(,/&(.$0&)(),3&,/&(#7,
-,/)%*/%.G()&.+4:',3,%&)B<
("#$%%&'(#7&/().&&:G(,'($/&5'$*%&2B
(a)0(+,..,#&')(%,(7&.:(G,8('&*-7(*(-&'%*$/(/835&'(,+(+,..,#&')B
(L',3,%&(),3&%7$/1(G,8(7*6&/9%(%'$&2(G,8')&.+=(M8)%(%,(3*0&(*
+&#(58-0)B
("#&&%(),3&%7$/1(G,8(#,8.2/9%(#*/%(),3&,/&(%,(+$/2B(;"#&&%)
*'&( $/2&>&2( 5G( l,,1.&( */2( -*/( -,3&( 8:( $/( :&,:.&9)( )&*'-7
'&)8.%)B<

aRaT(q&/(U,3&/%
E.#(,).>35(7.>(<N"(./("#$%%&'9
<%%'+2%Q( J)&( *( -8)%,342&)$1/&2( "#$%%&'( 5*-01',8/2( %,
)7,#-*)&( G,8'( #&5)$%&( *22'&))B( L,)%( .$/0)( %,( 7&.:+8.
-,/%&/%(,/(G,8'(#&5)$%&B

N./A&'%Q( J)&( G,8'( %#&&%)( )%'*%&1$-*..GB( "7&( 5&*8%G( ,+

"#$%%&'($)(%7*%(G,8(-*/(1*$/($/)%*/%(-,/)83&')(*/2(-.$&/%)B
$/6$%&( :&,:.&( %,( -,33&/%( ,/( G,8'( 5.,1( */2( )7*'&( G,8'
-,/%&/%B(N&%(%7&3(0/,#($+(G,8(*'&(7*6$/1(*()*.&(,'(7*6&(*/
,:&/$/1(+,'(*(-.$&/%B(e8)%(5&(-*'&+8.(/,%(%,(1,(,6&'5,*'2B

"'+/,G.'MQ("&..(S8$-0()%,'$&)=(*/2()7*'&(-*)&()%82$&)($/
*(/8%)7&..B(L',82(,+(*(:',M&-%(G,8(M8)%(-,3:.&%&2Q([7*'&($%T
^$2(*(-.$&/%(%&..(G,8(%7&G(.,6&(G,8Q([7*'&($%T(",,%(G,8'(,#/
7,'/=( 58%( 2,( $%( 1'*-&+8..G( */2( 1&/8$/&.GB( L&,:.&( *'&( )3*'%
*/2(-*/(8)8*..G()&/)&(#7&/(G,8(*'&/9%(5&$/1(1&/8$/&B

E.#(%.(8&(D'.+2%$A&(./("#$%%&'
"7&(+,..,#$/1(%$:)(#$..(7&.:(G,8(:',*-%$6&.G(8)&("#$%%&'B
D(-&%($/,%+/%(M+'F&%(G&&5=+2FU(I7&/(E(*)0&2(3G(+,..,#&')(,/
"#$%%&'(#7$-7(%7&G(#,8.2(:'&+&'\*/(&5,,0(,'(*(#7,.&(-,8')&
,/( ),-$*.( 3&2$*( 3*'0&%$/1\E( $33&2$*%&.G( 1,%( */)#&')( */2
'*%$,/*.&)B("#$%%&'($)(*(;2&(*(#*G(%,(%&)%(,8%(G,8'($2&*)(5&+,'&
%*0$/1( %7&3( */G( +8'%7&'B( O,8( 2,( /&&2( %,( 7*6&( *( +&#( 78/2'&2
+,..,#&')(+,'(%7$)(%,(5&(*()8--&))+8.(%&)%B
D(1).#(7.>'(G.33.#&',('&,J&2%U("7&'&(*'&(-,3:*/$&)(,8%(%7&'&
#7,(#$..(:*G(G,8(%,(%#&&%(*2)($/(%7&(+,'3(,+(.$/0)B("7&(5$11&'
G,8'(+,..,#&'(5*)&=(%7&(3,'&(G,8(1&%(:*$2B("7$)($)(*/(*#+8.(#*G
%,(3,/&%$H&(,/("#$%%&'B(E(7*6&()&&/(%7&(5*-0.*)7(+$')%7*/2(#7&/
E(%&)%&2(*()&'6$-&(-*..&2(U*1:$&B(E%(2,&)/9%(3*%%&'($+(G,8(*-%8*..G
7*6&(8)&2(%7&(:',28-%)(G,8(*'&(*26&'%$)$/1V(:&,:.&()&&($%(*)(*/
$/%'8)$,/B^,/9%(*26&'%$)&(,8%)$2&(:',28-%)(8)$/1("#$%%&'B
D( I&%( J&.J3&( ,+MJ3&( 7.>'( ,%73&( +/5( #.'FU( E+( 5.,1)( */2
#&5)$%&)(*'&(/,6&.)=(%#&&%)(*'&()7,'%()%,'$&)B("#$%%&'($)(*(1'&*%
#*G(%,(*..,#(:&,:.&(%,(%*)%&(*()*3:.&(,+(G,8'(#,'0B("#&&%(%$:)
'&.*%&2(%,(G,8'($/28)%'G=(*/2(.&%(G,8'(:&'),/*.$%G()7$/&(%7',817B(E+
G,8(*'&(#$%%G=(5&(#$%%GB(E+(G,8(*'&(0/,#/(+,'(G,8'(#*'3(/*%8'&=
)7,#(%7*%(%,(%7&(#,'.2T
D(-&/&'+%&(V>+3$%7(%'+GG$2U(O,8(-*/(1&/&'*%&(),3&(S8*.$%G(%'*++$+',3( "#$%%&'=( 5&-*8)&( +,..,#&')( 7*6&( *.'&*2G( )*3:.&2( G,8'
#,'0(,'()%G.&B("7&G(3*G(&6&/(+&&.(.$0&(%7&G(*.'&*2G(0/,#(G,8T
"7&(5&)%(%'*++$-($)(1&/&'*%&2(#7&/(G,8()7*'&(*(-,/%&/%(.$/0(+',3
G,8'(#&5)$%&(*/2(:&,:.&('&%#&&%($%B

D(8>$35(%'>,%U([,-$*.(3&2$*($)(6&'G(38-7(*5,8%(%'*/):*'&/-GB("7&
.$/&)(5&%#&&/(:&'),/*.(*/2(:',+&))$,/*.(*'&(5.8''&2B("#$%%&'($)
G,8'(-7*/-&(%,(58$.2(%'8)%(#$%7(+8%8'&(-.$&/%)(*/2(-8)%,3&')(M8)%
5G( 5&$/1( G,8')&.+T( I&( %'8)%( :&,:.&( #$%7( #7,3( #&( -,3&( $/%,
-,/%*-%(3,'&(%7*/(#&(%'8)%()%'*/1&')B
D(-&/&'+%&(2./%&/%U("#$%%&'($)(%7&(/835&'4,/&():,%(%,(+$/2(18&)%
5.,11&')(*/2($/%&'6$&#&&)B(R*6&(*(5.,1Q(a(:,2-*)%Q(I*/%(%,
$/%&'6$&#(),3&,/&Q("#$%%&'($)(*(1'&*%(#*G(%,('&*-7(,8%(%,(7$3
,'(7&'T
D( -&/&'+%&($5&+,U( E+( G,8( M8)%( !.$)%&/( $/C( ,/( "#$%%&'=( G,8( -*/( )&&
$33&2$*%&.G(%7*%($%($)(*(3*'0&%:.*-&(58HH$/1(#$%7($2&*)B(L&,:.&
*'&(*)0$/1(S8&)%$,/)(;%7*%(G,8(-*/(:,%&/%$*..G(:',6$2&(*/)#&')
%,<(*/2()7*'$/1(%7,817%)B("7&'&(*'&(3*/G(3,6&')(*/2()7*0&')
,/("#$%%&'T
D(-&%(./3$/&(DPU(a)(/,%&2(*5,6&=(5.,11&')(7*/1(,8%(,/("#$%%&'(*
.,%B( a/2( G,8( 0/,#( #7*%( 5.,11&')( 7*6&Q( X,338/$%$&)( ,+
+,..,#&')B("#$%%&'($)(*(1'&*%(#*G(%,(3*0&(+'$&/2)(#$%7(5.,11&')
*/2('&:,'%&')B(m&(1&/8$/&B("7&G(/&&2()%,'$&)(*)(38-7(*)(G,8
/&&2(%7&(:'&))B
D( *$/5( J&.J3&( %.( )$'&U( "7&'&( *'&( ),3&( 6&'G( %*.&/%&2( +,.0)( ,/
"#$%%&'B(I7&/&6&'(#&(*'&(7$'$/1=(#&(.,,0(%7&'&(+$')%(5G()&/2$/1
,8%( *( %#&&%( .&%%$/1( ,8'( +,..,#&')( 0/,#( #&( *'&( 7$'$/1=( */2( 5G
)&*'-7$/1():&-$+$-(:7'*)&)()8-7(*)(!#&5(2&6&.,:&'(f(^*..*)BC
I&(7*6&(7$'&2(%#,($/%&'/)(#&(+,8/2(,/("#$%%&'B
D(4+/+0&(7.>'('&J>%+%$./U(W6&'G(2*G(E()&&(*%(.&*)%(%7'&&(:&,:.&
,'( -,3:*/$&)( 5&$/1( %*.0&2( *5,8%( %7*%( *'&( /,%( ,/( "#$%%&'( */2
:',5*5.G(2,/9%(7*6&(*(-.8&(*)(%,(#7*%($)(5&$/1()*$2(*5,8%(%7&3B
^,/9%(5&(.$0&(%7&3B("#$%%&'($)(*(1'&*%(#*G(%,()&&(#7*%(:&,:.&
7*6&(%,()*G(*5,8%(G,8'()&'6$-&(*/2(:',28-%B(O,8(-*/(*.),(8)&
"#$%%&'( *)( *( -8)%,3&'( )&'6$-&( %,,.=( */)#&'$/1( S8&)%$,/)( */2
%*0$/1( S8&'$&)( .$6&B( a.'&*2G( 1$6&( 1'&*%( -8)%,3&'( )&'6$-&Q
L&'+&-%T(J)&("#$%%&'(%,(3*0&($%(%'*/):*'&/%B
D( 1&/5( .>%( 7.>'( /&#,3&%%&'U( U*/G( /&#).&%%&'( )&'6$-&)( %7&)&
2*G)(#$..()&/2(,8%(*(.$/0(%,(G,8'(/&#).&%%&'(%7',817(G,8'("#$%%&'
*--,8/%(#7&/(%7&G()&/2(,8%(G,8'(/&#).&%%&'(6$*(&3*$.B(aI&5&'
;###BaI&5&'B-,3<=( U*$.X7$3:( ;###BU*$.X7$3:B-,3<=( */2

m.8&( [0G( K*-%,'G( ;###Bm.8&[0GK*-%,'GB-,3<( *..( 7*6&( %7$)

+&*%8'&B

!
"#$%&'($!)*&+,(-.&+/*&0&!,012&33#1$-(3+41
"#$%&'()%!$*!+!,-*$%'**./0$'%1'(!*/2$+)!%'13/0&$%4!*$1'!5/-%('(!$%
6'2'7,'0!8998!+%(!7+$%):!-*'(!5/0!;0/5'**$/%+)!%'13/0&$%4<=
!
"#$#%&'#(

/*5+617*&0+8#7*+"#$%&'($9
>!?1!@+*!AB!7$))$/%!-*'0*!0';0'*'%1$%4!CD9!$%(-*10$'*<
>!?1E*!+!%'13/0&!4'+0'(!1/3+0(!;0/5'**$/%+)*!)//&$%4!1/!%'13/0&F
1@'!7'7,'0*!+0'!1@'0'!1/!1+)&!*@/;G
>!?1!$*!'H2'))'%1!5/0!/%)$%'!I$*$,$)$1:<
>!?1E*!+!40'+1!3+:!1/!*@/32+*'!'H;'01$*'<
>!?1!*'0I'*!+*!1@'!-)1$7+1'!/%)$%'!J/)/('H<
#$%&'(?%! $*! )$&'! +! ,-11/%'(.(/3%! /55$2'.%'13/0&$%4! 'I'%1<! ?5
K+2',//&!$*!@+;;:!@/-0L!#$%&'()%!$*!+))!,-*$%'**L!$%!+!*-$1!+%(!1$'<!?1!$*
%/1!7:!5+I/0$1'!%'13/0&$%4!*$1'L!,-1!?!(/!,')$'I'!$1!@+*!'%/-4@!,'%'5$1*
1@+1!:/-!*@/-)(%E1!($*7$**!$1!1//!M-$2&):!3@'%!7+0&'1$%4!:/-0!,-*$%'**<
?1E*! '*;'2$+)):! -*'5-)! 1/! 1@/*'! $%! 1@'! ,-*$%'**.1/.,-*$%'**! NO8OP
*;@'0'<

"#$%&'($+6-3#.3
#$%&'()%!$*!+!40'+1!3+:!1/!2/%%'21!3$1@!5/07'0!,/**'*L!2/))'+4-'*L!+%(
2)$'%1*<!Q@+%2'*!+0'!1@':!+0'!1@'0'G

#$%&'()%!/55'0*!,/1@!50''!+%(!;+$(!+22/-%1*<!R!;+$(!+22/-%1!+))/3*
:/-!1/!*'%(!?%S+$)*!N'7+$)!7'**+4'*!3$1@$%!#$%&'()%P!1/!1@/*'!3@/!+0'
+22';1$%4! 1@'7<! T@$*! $*! +! 4//(! 3+:! 1/! 0'+2@! ;'/;)'! 3@/! 7+:! %/1
2-00'%1):!,'!$%!:/-0!%'13/0&<!R!;+$(!+22/-%1!$*!%/1!%'2'**+0:L!@/3'I'0L
1/!7+&'!1@'!7/*1!/5!#$%&'()%<
#$%&'(?%! +))/3*! :/-! 1/! 4$I'! +%(! 0'2'$I'! ;0/5'**$/%+)
0'2/77'%(+1$/%*L! +%(! :/-! 2+%! 2@//*'! 1/! 5'+1-0'! 1@'*'! /%! :/-0
;0/5$)'<! T@$*! $*! +%! 'H2'))'%1! 5'+1-0'! 1/! *@/32+*'! :/-0! +;1$1-('! +%(
1+)'%1<! S-2@! /5! #$%&'()%! $*! +,/-1! 20'+1$%4! +%! $%1'0+21$I'! 0'*-7'! 5/0
:/-0*')5<
UI'0:1@$%4!:/-!%''(!1/!&%/3!+,/-1!#$%&'()%!2+%!,'!($I$('(!$%1/!5$I'
*'47'%1*V!:/-0!;0/5$)'L!7+%+4$%4!2/%1+21*L!#$%&'()%!+%*3'0*L!#$%&'()%
40/-;*L!+%(!#$%&'()%!'I'%1*<
#$%&'()%!$*!0'+)):!:/-0!0'*-7'!/%!*1'0/$(*<!T@'!*$1'!@+*!+
%-7,'0!/5!+(I+%2'(!+;;)$2+1$/%*!1@+1!+))/3!:/-!1/!;0/7/1'
:/-0!;0/(-21*L!*'0I$2'*L!'I'%1*L!,-*$%'**'*L!+%(!,0+%(L!+%(
(0$I'! 1+04'1'(! 10+55$2! 1/! :/-0! 3',*$1'*<! ?1! +)*/! 0+%&*
'H10'7'):!@$4@!$%!W//4)'E*!*'+02@!'%4$%'L!3@$2@!4$I'*!:/+%/1@'0! ;)+15/07! 1/! ;0/7/1'! :/-0! %+7'! 3@'%! */7'/%'
*'+02@'*!5/0!:/-<
?5! :/-! 3+%1! 1/! ,0$%4! :/-0! ,-*$%'**! /0! ,0+%(! 1/! 1@'! %'H1
)'I')L! 1@'%! $1! $*! 20$1$2+)! 1/! 1+&'! +21$/%! +%(! *1+01! /;1$7$X$%4
#$%&'()%!1/!+2@$'I'!:/-0!4/+)*<
!
#'3$*!Y/3'*L

)*+(,-.*/!*0!#$%&'(Z/0&$%4

:1;0+"#$%&'($+,012#(&

T@$%&! /5! :/-0! #$%&'()%! ;0/5$)'! +*! +%! $%1'0+21$I'! /%)$%'! 0'*-7'<! [/-0
2/))'+4-'*L!;0/*;'21*L!+%(!I'%(/0*!2+%!+))!*''!:/-0!;0/5'**$/%+)!)$5'!$%
%-1*@'))<!Y'0'!$*!+!*20''%*@/1!/5!1@'!5$0*1!;+01!/5!7:!;0/5$)'V

\*'!1@'!5/))/3$%4!1$;*!1/!20'+1'!1@'!,'*1!#$%&'()%!;0/5$)'!5/0!:/-0*')5<
>!\*'!+!4//(!@'+(*@/1L!$('+)):!/%'!1@+1!50+7'*!:/-0!5-))!5+2'!+%(
*@/3*!:/-!*7$)$%4G!N[/-!2+%!-*'!1@'!*+7'!/%'!+20/**!+))!*/2$+)
7'($+!*$1'*<P
>!Z@'%!:/-!0'2'$I'!0'2/77'%(+1$/%*!50/7!2/))'+4-'*!+%(
2)$'%1*L!*@/32+*'!1@'7!/%!:/-0!;0/5$)'<!Z@'%!*/7'/%'!;/*1*!+
0'2/77'%(+1$/%L!:/-!3$))!4'1!+!7'**+4'!+*&$%4!:/-!1/!+22';1<

>![/-0!*-77+0:!$*!&':<!Z0$1'!$1!1/!,'!0'+(<!\*'!+(]'21$I'*L!+%(
7+&'!$1!;+2&!+!;-%2@<!?1E*!/&+:!$5!:/-!@+I'!1/!0'30$1'!$1!+!5'3
1$7'*<!?1!2+%!N+%(!*@/-)(P!,'!+!3/0&!$%!;0/40'**<!Y'0'!$*!+
*20''%*@/1!/5!7:!2-00'%1!*-77+0:V

>!?%!:/-0!*-77+0:L!-*'!&':3/0(*!1@+1!7+&'!$1!'+*:!5/0!/1@'0
;'/;)'!1/!*'+02@!5/0!:/-<!?%2)-('!$%(-*10:!1'07*!+*!3'))!+*
)+:7+%E*!1'07*<!K/0!'H+7;)'L!1@'!+$0)$%'!$%(-*10:!5/0!1@'!)/%4'*1
1$7'!1@/-4@1!'I'0:/%'!3+*!*'+02@$%4!5/0!")/3!+$05+0'=!/%):!1/
($*2/I'0!1@+1!7/*1!3'0'!)//&$%4!5/0!"2@'+;!1$2&'1*<=
>!J'7'7,'0!1/!2@'2&!:/-0!*;'))$%4<!T@$*!$*!+!;0/5'**$/%+)
%'13/0&$%4!*$1'L!+%(!1@'!0-)'*!N1@/-4@!-%30$11'%P!+0'!+!,$1!7/0'
*10$%4'%1<!Z@'0'+*!*/7'/%'!7+:!5/04$I'!+!*;'))$%4!*)$;-;!/%
T3$11'0!/0!K+2',//&L!/%!#$%&'()%!7$**;'))$%4!+!3/0(!$*
2/7;+0+,)'!1/!7+&$%4!+!*;'))$%4!'00/0!/%!:/-0!0'*-7'<
>!T@'!"*;'2$+)1$'*=!+0'+!($0'21):!,'%'+1@!:/-0!*-77+0:!+))/3*!:/1/!"1+4=!:/-0*')5!+;;0/;0$+1'):<!T@$%&!+,/-1!@/3!/1@'0*!7+:
2+1'4/0$X'!:/-!/0!*'+02@!5/0!:/-<!Z@+1!&':3/0(*!3/-)(!:/3+%1!*/7'/%'!1/!-*'!1/!5$%(!:/-^!R)*/L!3@+1!*;'2$5$2+)):!(/!:/*;'2$+)$X'!$%^![/-!3$))!%/1$2'!1@+1!$%!7:!*;'2$+)1$'*!*'21$/%!?
$%2)-('!"/%)$%'!7+0&'1$%4=!N3@$2@!$*!I'0:!,0/+(!*/!;'/;)'!2+%
5$%(!7'!-%('0!1@+1!2+1'4/0:P!+%(!+)*/!"K+2',//&!7+0&'1$%4=
N3@$2@!$*!+!*;'2$+)1:P<
>!#$%&'()%!+))/3*!:/-!1/!7+&'!:/-0!;0/5$)'!;-,)$2<!?5!:/-!+0'
;)+%%$%4!1/!-*'!#$%&'()%!+*!+!7+0&'1$%4!1//)L!,:!+))!7'+%*
7+&'!$1!;-,)$2<!T@$*!+))/3*!*'+02@!'%4$%'*!1/!5$%(!:/-!+*!3'))L

7+&$%4!&':3/0(!-*+4'!'I'%!7/0'!$7;/01+%1<

"#$%&'($+)#<3
R**'**!3@'1@'0!:/-0!+-($'%2'!0'+)):!-*'*!#$%&'()%<!?1!$*!+
40'+1! 1//)! 5/0! ,-*$%'**.1/.,-*$%'**! */2$+)! %'13/0&$%4! ,-1
7+:! %/1! ,'! $('+)! $5! :/-! *'))! *'0I$2'*! +%(! ;0/(-21*! 1/
$%($I$(-+)*!+%(!0'1+$)'0*<
,137+-+<01=1.-7#=&+-$'+*1$&37+<012#(&>!O'!*-0'!:/-0
;0/5$)'!(/'*%E1!0'+(!)$&'!+!0'*-7'<!_/,/(:!2+0'*!@/3!7+%:
2'01$5$2+1'*!+%(!+3+0(*!:/-!@+I'!/%!:/-0!3+))<!T@':!(/!2+0'
3@+1!*;'2$5$2!0'*-)1*!:/-!@+I'!@');'(!20'+1'!5/0!:/-0!2)$'%1*<
`[/-!
2+%!
*''!
#$*+E*!
;0/5$)'!
+1
333<)$%&'($%<2/7a$%a'%'04$X'40/31@<b

,01.&&'+ <0-?@-7#.-((5>! 6/%E1! ,'! *'(-2'(! ,:! *@$%:

;'%%$'*! /%! 1@'! 5)//0c! ,'! ;0+21$2+)! +%(! 0'+)$*1$2! +,/-1! :/-0
*10+1'4:<! T@$%&! +,/-1! @/3! +! *;'2$5$2! +21$/%L! ;/*1$%4L! /0
2/77'%1!3$))!@-01!/0!@');!:/-0!2/7;+%:<!R*&!:/-0*')5L!"Z@/
3$))!7+%+4'!1@'!2/%1'%1^!Y/3!(/!3'!7+$%1+$%!2/%*$*1'%2:
+20/**!+))!*/2$+)!%'13/0&*^!Z/-)(!?!,'!/&+:!$5!1@$*!;/*1$%4
*@/3'(! -;! /%! 50/%1! ;+4'! /5! 1@'! _'3! [/0&! T$7'*L
O-*$%'**Z''&L!/0!1@'!U2/%/7$*1^=
A#3#7+ "#$%&'($+ 1$+ -+ 8&&%(5+ B-3#3>! R*&! 4'%-$%'! +%(
$%(-*10:.0')+1'(! M-'*1$/%*<! T@$*! $%20'+*'*! :/-0! 20'($,$)$1:<
J'20-$1'0*L! +-1@/0*L! +%(! ;/1'%1$+)! +))$+%2'! ;+01%'0*! 3$))
%/1$2'!:/-<!`#$*+!(/-,)'(!@'0!#$%&'()%!2/77-%$1:!3$1@$%!]-*1
+!5'3!7/%1@*!,:!/55'0$%4!I+)-+,)'!0'*/-02'*!+%(!&%/3)'(4'
$%! 1@'! #$%&'()%! +%*3'0*! *'21$/%<! _/3L! *@'! $*! +;;0/+2@'(
0'4-)+0):!3$1@!0'M-'*1*!1/!,'!5'+1-0'(!$%!+01$2)'*L!,//&*L!+%(
I$01-+)!7''1$%4*<b
!
#$*+!_$0'))L

(,-.*/!*0!U%'04$X'!W0/31@!_dZV!T@'!S+0&'1$%4!W-$('!1/!+
Z'+)1@:!Q/7;+%:

C-$-?#$?+D1$7-.73
Z@/!*@/-)(!:/-!2/%%'21!3$1@!/%!#$%&'()%^
>!e+*1!+%(!2-00'%1!,/**'*<!U*;'2$+)):!+((!1@/*'!3$1@!3@/7!:/@+I'! +! 4//(! 0')+1$/%*@$;c! 1@':! +0'! 40'+1! 5/)&*! 1/! 4'1
0'2/77'%(+1$/%*!50/7<
>![/-0!2)$'%1*!+%(!2-*1/7'0*<!?5!:/-!@+I'!+!@-4'!)$*1!/5!2-*1/7'0*L
/%):! +((! 1@/*'! 3$1@! 3@/7! :/-! @+I'! 2/%%'21'(! ;'0*/%+)):! I$+
'7+$)! /0! ;@/%'<! ?%! /1@'0! 3/0(*L! +((! /%):! 1@/*'! 3@/! 3/-)(
0'2/4%$X'!:/-0!%+7'G
>! ?%(-*10:! 2/%1+21*! *-2@! +*! I'%(/0*L! ($*10$,-1/0*L! +%(! 0'*'))'0*<
U**'%1$+)):L!+((!+))!,-*$%'**!2/%1+21*<
>!O)/44'0*!3@/!2/I'0!:/-0!$%(-*10:!/0!7$4@1!2/I'0!:/-0!;0/(-21<
_/1! +))! ,)/44'0*! 3$))! ,'! /;'%! 1/! 2/%%'21$%4! /%! #$%&'()%L! ,-1
*/7'!3$))<

"#$%&'($+E$38&03
#$%&'()%E*!"+%*3'0*=!*'21$/%!$*!+%!+0'+!3@'0'!:/-!2+%!+*&!+%(!+%*3'0
M-'*1$/%*<!T@$*!$*!+!40'+1!3+:!1/!*@/32+*'!:/-0!'H;'01$*'<!f/7'1$7'*
2/7;+%$'*!1@+1!-*'!1@$*!5'+1-0'!+0'!+)*/!)//&$%4!5/0!0'5'00+)*<!?5!:/-0
2/7;+%:!$*!+!5$1!/0!3@+1!1@':E0'!)//&$%4!5/0L!:/-!2+%!('5$%$1'):!+;;0/+2@
1@'7<! O-1! +,/I'! +))L! 1@'! #$%&'()%! +%*3'0*! 5'+1-0'! $*! ;'05'21! 5/0! 13/
1@$%4*V
C <!C-0%&7+0&3&-0.*F!?!/%2'!+*&'(!3@+1!;'/;)'!3$*@'(!1/!)'+0%
7/0'! +,/-1! 3$1@$%! 1@'! 5$')(! /5! /%)$%'! 7+0&'1$%4<! f/2$+)! 7'($+
7+0&'1$%4!3+*!/%!1/;!/5!1@'!)$*1G![/-!2+%!+)*/!+%*3'0!M-'*1$/%*
1@+1! /1@'0*! ;/*1<! O')/3! $*! +! *20''%*@/1! /5! */7'! M-'*1$/%*
+*&'(! -%('0! 1@'! $%1'0%'1! 7+0&'1$%4! 2+1'4/0:<! ?! 2+%! *''! 1@+1

*/7'/%'! $*! 2-0$/-*! 1/! &%/3! $5! $1! $*! /&+:! 1/! -*'! T3$11'0! 1/
4'%'0+1'!)'+(*<!O:!2)$2&$%4!/%!1@$*!M-'*1$/%L!?!2+%!4/!1/!+!;+4'
1@+1! *@/3*! 7'! 1@'! 5-))! M-'*1$/%! +%(! 4$I'*! 7'! 1@'! /;1$/%! 1/
+%*3'0!$1<!d0!?!2+%!+%*3'0!/%!7:!,)/4!+%(!;/*1!1@'!0';):!)$%&!1/
1@'!M-'*1$/%<!?!2+%!1@'%!*@+0'!1@+1!*+7'!;/*1!+20/**!7:!*/2$+)
%'13/0&*<

8 <!G*18.-3#$?+ &H<&07#3&F! Z@'%! +! #$%&'()%! 7'7,'0! +*&*! +

M-'*1$/%L! @'! /0! *@'! +)*/! 4'1*! 1/! 2@//*'! 1@'! ,'*1! +%*3'0<
#$%&'()%! -*'*! +! 0+1$%4! *:*1'7! 1/! +3+0(! ;/$%1*! 1/! 1@'! ;'0*/%
3@/*'! +%*3'0! $*! 2@/*'%<! T@$*! 2+%! ,'! *@/32+*'(! /%! :/-0
;0/5$)'!3$1@!+!,+(4'!1@+1!*+:*L!5/0!'H+7;)'L!"e-,)$2!J')+1$/%*!Ng
,'*1! +%*3'0*P<=! T@$*! $*! +! %$2'! ,//*1! $%! 20'($,$)$1:! 3@'%
*/7'/%'!$*!)//&$%4!+1!:/-0!;0/5$)'!5/0!1@'!5$0*1!1$7'<

6&+7*&+I$&+8#7*+7*&+E$38&03
R%*3'0$%4! M-'*1$/%*! /%! #$%&'()%! $*! +! ;0/I'%! *10+1'4:! 5/0
;/*$1$/%$%4! :/-! /0! :/-0! ,-*$%'**! +*! 1@'! 4/.1/! 0'*/-02'! $%
:/-0!%$2@'<!#$&'!7/*1!7+0&'1$%4!1+21$2*L!1@'!7/0'!*10+1'4$2
+%(!;'0*/%+)$X'(!:/-0!+%*3'0!$*L!1@'!,'11'0!:/-0!0'*-)1*<
f/L!@/3!(/'*!:/-0!0'*;/%*'!1/!+!M-'*1$/%!4'1!0+%&'(!+*
+!,'*1!+%*3'0^!T@'!;'0*/%!3@/!+*&*!1@'!M-'*1$/%!*')'21*
/%'! ,'*1! +%(! *'I'0+)! 4//(! +%*3'0*! 5/0! '+2@! M-'*1$/%<
J'2'$I$%4!+!#$%&'()%!,'*1!+%*3'0!0+%&$%4!7'+%*!:/-!*@/3
-;!$%!1@'!0'*-)1*!+%(!+((*!1/!:/-0!20'($,$)$1:<
Z@'%! :/-0! +%*3'0! $*! *')'21'(! +*! 1@'! ,'*1L! 1@+%&! 1@'
;'0*/%!3@/!+*&'(!1@'!M-'*1$/%<!T/!4$I'!:/-0!+%*3'0*!)$5'
,':/%(!#$%&'()%L!0';-0;/*'!:/-0!2/77'%1*!+*!+!,)/4!;/*1L
+%! +01$2)'L! /0! +! 5'+1-0'! $%! :/-0! /04+%$X+1$/%E*
2/77-%$2+1$/%*<
!
O+0,+0+!J/X4/%:$L

(,-.*/!*0!1.&!T/;!C9!Z+:*!1/!h-$2&):!O'2/7'
+!f-,]'21!S+11'0!UH;'01!\*$%4!#$%&'()%

"#$%&'($+401;<3
#$%&'()%!40/-;*!+0'!*$7$)+0!1/!K+2',//&!40/-;*<!T@':E0'!+!40'+1!3+:
1/!5$%(!;'/;)'!3$1@!*$7$)+0!$%1'0'*1*<!d%2'!:/-!@+I'!]/$%'(!+!40/-;L!$1
3$))!+;;'+0!/%!:/-0!)'51.*$('!%+I$4+1$/%!,+0!-%('0!"W0/-;*<=!Y'0'!+0'
*/7'!3+:*!#$%&'()%!40/-;*!2+%!,'!-*'5-)V
>! )*&5+ (&7+ 51;+ 3&$'+ J$C-#(+ 71+ @&@B&03+ 8#7*1;7+ *-=#$?+ 71
;<?0-'&>! T@$*! 5'+1-0'! $1*')5! 7+&'*! #$%&'($%! 40/-;*! -*'5-)<! ?5
:/-! 10:! 1/! 7'**+4'! */7'/%'! 3@/! $*%E1! 2/%%'21'(! 1/! :/-L

#$%&'()%!3$))!+*&!:/-!1/!-;40+('<!i/$%!+!40/-;!1@+1!1@+1!;'0*/%
$*! +! 7'7,'0! /5L! +%(! :/-! 2+%! *'%(! @$7! /0! @'0! +! 7'**+4'
3$1@/-1!-;40+($%4<!R4+$%L!1@$*!3/0&*!,'*1!$5!:/-!@+I'!+!4'%-$%'
$%1'0'*1! $%! 1@'! 40/-;! +%(! +0'%E1! -*$%4! 1@$*! 5'+1-0'! +*! +! *;+7
7'2@+%$*7<
>! )*&5K0&+-+?0&-7+8-5+71+.1@@;$#.-7&+8#7*+51;0+?01;<+10
10?-$#L-7#1$+1$(#$&>!#//&!-%('0!1@'!"6$*2-**$/%*=!1+,!/%!:/-0
40/-;!;+4'!1/!I$'3!2-00'%1!($*2-**$/%*!/0!*1+01!:/-0!/3%<

>! )*13&+ 3&-0.*#$?+ 210+ 51;+ .-$+ 2#$'+ 51;+ @10&+ &-3#(5>! ?5
*/7'/%'!$*!*'+02@$%4!5/0!+!*;'+&'0L!@'!/0!*@'!$*!)$&'):!1/!5$%(
:/-!7/0'!'+*$):!$5!:/-!+0'!+)0'+(:!;+01!/5!+!#$%&'()%!*;'+&'0E*
40/-;<
T/! 5$%(! 40/-;*! 1/! ]/$%L! )//&! 1@0/-4@! #$%&'()%E*! 40/-;! ($0'21/0:! +1
333<)$%&'($%<2/7a40/-;*6$0'21/0:<! N[/-! 2+%! +)*/! 5$%(! +! )$%&! 1/! 1@$*

($0'21/0:!-%('0!"W0/-;*=!$%!1@'!)'51!%+I$4+1$/%!,+0!/5!:/-0!;0/5$)'!;+4'<P
?%! 2'01+$%! 40/-;*L! :/-0! 7'7,'0*@$;! 7+:! @+I'! 1/! ,'! 0'I$'3'(! ,:! +
40/-;! 7+%+4'0! ,'5/0'! :/-! +0'! +22';1'(<! K/0! $%*1+%2'L! 2/))'4'.! /0
2/7;+%:.0')+1'(! 40/-;*! 7+:! 0'M-$0'! +%! '7+$)! +((0'**! +**/2$+1'(
3$1@!1@'!2/))'4'!/0!2/7;+%:<!?5!:/-!@+I'!M-'*1$/%*!+,/-1!+!40/-;L!:/2+%! *'%(! +! 7'**+4'! 1/! 1@'! /3%'0! )$*1'(! /%! 1@'! 40/-;! $%5/07+1$/%
;+4'<

"#$%&'($+M=&$73
T@'! #$%&'()%! 'I'%1*! 5'+1-0'! N*@/3%! /%! 1@'! 0$4@1.@+%(! *$('! /5! :/-0
@/7'!;+4'P!)'1*!:/-!&%/3!+,/-1!-;2/7$%4!2/%5'0'%2'*!+%(!$%(-*10:
'I'%1*<! ?1! ;-))*! 'I'%1*! 50/7! *$1'*! *-2@! +*!333<UI'%1.O0$1'<2/7! +%(
7+&'*! 0'2/77'%(+1$/%*! 5/0! :/-! ,+*'(! /%! :/-0! $%(-*10:! +%(! 1@'
2/%1'%1*!/5!:/-0!;0/5$)'<!?1!+)*/!+))/3*!:/-!1/!*'+02@!5/0!'I'%1*<!?1!$*!+
40'+1!3+:!1/!*''!3@+1!@/1!'I'%1*!+0'!/22-00$%4!$%!:/-0!$%(-*10:<![/2+%!+)*/!*''!3@$2@!/5!:/-0!2/%%'21$/%*!/%!#$%&'()%!3$))!,'!+11'%($%4<!?1
$*%E1!#$%&'()%E*!7/*1!'H2$1$%4!5'+1-0'L!,-1!$1!$*!/%'!7/0'!3+:!:/-!2+%
2/%%'21!3$1@!/1@'0*<

"#$%&'($+N1K3+-$'+N1$K73
K/0!1@'!-)1$7+1'!(/E*!+%(!(/%j1*!/%!#$%&'()%L!?!0'+2@'(!/-1!1/!i+*/%
R),+! NQUd! /5! ]$,,'0]/,,'0! +%(! +-1@/0! /5!234! *5! 6#5$&'2578*9
".(-:::;<!S$&'!dE_'$)!NQUd!/5!?%1'40+1'(!R))$+%2'*PL!+%(!k$I'&+!I/%
J/*'%! NR)3+:*! UH10+/0($%+0:P<! ?! +*&'(! +))! 1@0''! #$%&'()%! 'H;'01*! 1/
;0/I$('!7'!3$1@!-%$M-'!(/E*!+%(!(/%E1*!1@+1!+0'!/51'%!/I'0)//&'(<!T@'
5$0*1! 5$I'! 1$;*! $%! '+2@! )$*1! 3'0'! ;0/I$('(! ,:! i+*/%c! 1@'! 0'*1! 3'0'
;0/I$('(!,:!S$&'!+%(!k$I'&+<

!
6dV
!! O(&3*+ 1;7+ 51;0+ <012#(&>! T//! 7+%:! ;0/5$)'*! +0'! *;+0*'L! 3$1@

)$11)'!$%5/07+1$/%<!_/1!/%):!(/'*!1@$*!('20'+*'!:/-0!2@+%2'*!/5
,'$%4! 5/-%(! 3@'%! */7'/%'! $*! *'+02@$%4! 5/0! 1+)'%1L! ,-1! 3@'%
*/7'/%'!(/'*!5$%(!:/-0!;0/5$)'L!@'!/0!*@'!(/'*%E1!@+I'!7-2@!1/
4/!/%<
!!,-07#.#<-7&+#$+"#$%&'($+-$38&03>!T@$*!7$4@1!,'!1@'!,'*1!3+:

1/!2/77-%$2+1'!3$1@!:/-0!2/%1+21*L!3@$2@!$*!20$1$2+)!$%!%-01-0$%4
0')+1$/%*@$;*<! \*'! 1@'! +%*3'0*! 5'+1-0'! 1/! *1$7-)+1'
2/%I'0*+1$/%!+%(!4+1@'0!$%5/07+1$/%<
!!P1#$+?01;<3>!Z@'%!:/-!]/$%!40/-;*L!:/-!@+I'!'H10+!;0$I$)'4'*
3$1@!40/-;!7'7,'0*!1@+1!:/-!3/-)(!/%):!@+I'!$5!:/-!3'0'!5$0*1.
('40''!2/%1+21*<!T@$*!$*!+)*/!+!40'+1!3+:!1/!5$%(!;'/;)'!3@/
*@+0'!)$&'!$%1'0'*1*!3$1@/-1!@+I$%4!1/!5$%(!1@'7!$%!*'+02@!0'*-)1*<
!! Q3&+ 7*&+ -'=-$.&'+ 3&-0.*>! T@$*! $*! +! I'0:! ;/3'05-)! ;+01! /5
#$%&'()%!+%(!2+%!@');!:/-!5$%(!2/%1+21*!:/-!*@/-)(!4'1!$%!1/-2@
3$1@!/0!+((!1/!:/-0!%'13/0&<!W/!,':/%(!1@'!,+*$2!*'+02@!+%(
'H;)/0'!1@'!;/3'0!/5!1@'!+(I+%2'(!*'+02@<
!! MH<107+ 51;0+ .1$7-.73>! d%! 1@'! Q/%1+21*! ;+4'L! 1/3+0(! 1@'
,/11/7L!1@'0'!$*!+%!"UH;/01!Q/%%'21$/%*=!)$%&<!?!0'2/77'%(!:/(/!*/!1/!20'+1'!+!,+2&-;L!+%(!+)*/!1+&'!$1!+!*1';!5-01@'0V!$7;/01
1@'7! $%1/! +! QJS! N2-*1/7'0! 0')+1$/%*@$;! 7+%+4'7'%1P! 1//)<
T@+1! 3+:! :/-! 2+%! 7+%+4'! 1@'! 0')+1$/%*@$;*! 3$1@! 7/0'! ('1+$)
3$1@/-1!,'$%4!*-,]'21!1/!#$%&'()%E*!0'*10$21$/%*<
!! )0&-7+51;0+"#$%&'($+<012#(&+(#%&+-+8&B3#7&>!S+&'!*-0'!$1!$*
3')).5/07+11'(L! 2)'+%L! +%(L! 7/*1! $7;/01+%1):L! /5! $%1'0'*1! 1/
/1@'0*<!R*&!50$'%(*!1/!0'+(!$1L!+%(!+*&!1@'7!1/!,'!I'0:!20$1$2+)!$%
1@'$0!+**'**7'%1*<!T@$*!*@/-)(!%/1!,'!+%!"+11+,/:=!7/7'%1<
!! ,1<;(-7&+ 51;0+ "#$%&'($+ <012#(&+ 8#7*+ %&5810'3>! T@'
&':3/0(*!*@/-)(!0'5)'21!:/-0!,+2&40/-%(L!:/-0!$%(-*10:L!+%(!1@'
$%(-*10$'*!/5!:/-0!)=#&5->!1/!7+&'!$1!'+*$'0!5/0!;/1'%1$+)!2)$'%1*!1/
5$%(! :/-<! O'! *-0'! 1/! $%2)-('! 1@'! I+0$+%1*! /5! 1@'! 3/0(*! N1'+2@L
1'+2@'0L! 1+-4@1L! 1'+2@$%4PL! 1@'! *:%/%:7*! /5! 1@/*'! 3/0(*
N*;'+&'0L!'(-2+1/0PL!+%(!1@'!I+0$+%1*!/5!-.*>&!3/0(*!N*;'+&$%4L
'(-2+1$/%P<
!! C-%&+ 51;0+ <-?&+ =#3;-((5+ #$7&0&37#$?>! #//&! $%1/! -*$%4
*;'2$+)!*:7,/)*!N"P!1/!,0'+&!-;!:/-0!1'H1!+%(!+((!'7;@+*$*!1/
&':!')'7'%1*<
6d_ETV
!

! N1$K7+3<-@>! 6/%E1! 2/7'! 1/! #$%&'()%! @/;$%4! 1/! @+3&! :/-0

3+0'*<!T@$*!$*!+!;)+2'!1/!%'13/0&L!+%(!,-*$%'**!@+;;'%*!@'0'L
,-1!;'/;)'!3+%1!1/!5/2-*!/%!0')+1$/%*@$;*L!%/1!)$*1'%!1/!:/-0!%'H1

2//)! ;$12@<! S+&'! *-0'! :/-! +0'! +-1@'%1$2! +%(! 2+0'! +,/-1! 1@'7
,'5/0'! :/-! *1+01! 1+)&$%4! 1//! 7-2@! +,/-1! :/-0! 2/7;+%:! /0
;0/(-21<
! N1$K7+ 210?&7+ 8*1+ @#?*7+ 3&&+ 51;0+ <012#(&>! W'11$%4! 1//
2+*-+)! /0! 1//! *'0$/-*L! /0! %/1! ,'$%4! 2/7;'))$%4! '%/-4@L! 7$4@1
2/*1!:/-!$%!,-*$%'**!/0!/;;/01-%$1$'*<!Y+I'!:/-0!;0/5$)'!0'+(:
5/0!:/-0!1+04'1!+-($'%2'L!+%(!3@'%!1@':!5$%(!$1L!:/-E))!@+I'!1@'
20'($,$)$1:!:/-!%''(<
! N1$K7+ @#3;$'&037-$'+ 7*&+ .1$.&<7+ 12+ .1$$&.7#1$3>! Z$))
:/-!2/%%'21!3$1@!'I'0:/%'^!Z@+1!+,/-1!:/-0!2/7;'1$1$/%^!d0
3$))! :/-! 2/%%'21! 3$1@! /%):! ;'/;)'! :/-! @+I'! 7'1! $%! ;'0*/%^
UI'0:/%'!@+*!+!($55'0'%1!2/%%'21$/%!*10+1'4:!+;;0/;0$+1'!1/!@$7
/0!@'0<![/-!%''(!1/!5$4-0'!/-1!:/-0!/3%!2/%%'21$/%!*10+1'4:<
!N1$K7+3&$'+.-$$&'+#$=#7-7#1$3>!Z@'%!:/-!$%I$1'!*/7'/%'L
4/!$%1/!1@'!$%I$1+1$/%!7'**+4'!+%(!2-*1/7$X'!$1<!#'1!@$7!/0!@'0
&%/3!3@/!:/-!+0'!+%(!3@:!:/-!3+%1!1/!2/%%'21<
!N1$K7+<0&-.*>!?!4'1!$%I$1+1$/%*!/%!#$%&'()%!1'))$%4!7'!+))!1@'
I$01-'*! /5! #$%&'()%<! Z@'%! ?! *''! 1@'*'! $%I$1+1$/%*L! ?! &%/3! 1@'
*'%('0*! @+I'! %/1! 0'+(! 7:! ;0/5$)'L! +%(! ?! +**-7'! 1@':! +0'! ]-*1
+(($%4!7'!1/!$%20'+*'!1@'$0!%-7,'0*!N+*!/;;/*'(!1/!3+%1$%4!1/
('I')/;!+!0')+1$/%*@$;!3$1@!7'P<
! N1$K7+ ;3&+ -$57*#$?+ #$+ 51;0+ $-@&+ 2#&('+ 7*-7+ '1&3$K7
B&(1$?+-3+<-07+12+51;0+$-@&>!K/0!'H+7;)'L!(/%E1!-*'!"e+-)
R<! Ne+,)/l;+-)m:+@//<2/7PL! eRO#d! R<=! 3@'%! :/-! 2+%! -*'
"e+,)/!e+-)L=!/0!#$%&'()%!-*'0*!3$))!%/1!,'!+,)'!1/!5$%(!:/-!3@'%
*'+02@$%4! 5/0! :/-! ,:! %+7'<! T@$*! $*! +)*/! +! I$/)+1$/%! /5! 1@'
#$%&'()%! \*'0! R40''7'%1L! +%(! :/-! (/%E1! 3+%1! 1/! )/*'! :/-0
+22/-%1<
! N1$K7+<;7+-$57*#$?+#$+7*&+<#.7;0&+-0&-+B;7+-+*&-'3*17
<#.7;0&+12+51;03&(2>!_/!40/-;!;$21-0'*L!%/!&$(*L!%/!*;/-*'L!%/
)/4/<!R! ;0/5'**$/%+)! ;@/1/! $*! %/1! 0'M-$0'(c! ]-*1! -*'! +! *$7;)'
@'+(*@/1!;$21-0'!50/7!+%:!*1+%(+0(!($4$1+)!2+7'0+<!#$%&'()%!3$))
@');!:/-!20/;!$1!1/!1@'!0'M-$0'(!ng!H!ng!;$H')*<
!N1$K7+;3&+7*&+'&2-;(7+'&3.0#<7103+210+8&B3#7&3R+3;.*+-3

C5+D1@<-$5R+C5+/&B3#7&R+-$'+31+2107*>!e-1!+!2-*1/7!)+,')
$%!;)+2'!/5!1@$*!1'H1!,:!*')'21$%4!1@'!"d1@'0=!/;1$/%!50/7!1@'!;-)).
(/3%!7'%-!-*'(!1/!*')'21!1@'!('*20$;1/0<!?1!;/;*!-;!+!%'3!5$')(
*/! 1@+1! :/-! 2+%! ;-1! $%! +! 2-*1/7! )+,')<! ?1! $*! /&+:! 1/! ;/$%1! 1/
*;'2$5$2!*-,;+4'*!/%!+!3',*$1'<
! !N1$K7+#$.(;'&+1$(5+0&.&$7+S1B3R+-3+51;+@-5+B&+7&@<7&'
71+'1>!e-1!$%!+))!/5!:/-0!3/0&!@$*1/0:L!,+2&!1/!2/))'4'!(+:*<!T@$*
4$I'*! :/-! 7/0'! $%0/+(*! 1/! 20'+1'! 7/0'! 0')+1$/%*@$;*! 3$1@
/1@'0*<
! ! N1$K7+ ;3&+ <-0-?0-<*3+ (1$?&0+ 7*-$+ 2#=&+ (#$&3+ -3+ 7*&5
-<<&-0+#$+7*&+A#&8+C5+,012#(&+3&.7#1$>!O0'+&!-;!;+0+40+;@*
3$1@!*$H!/0!7/0'!)$%'*!$%1/!7-)1$;)'!;+0+40+;@*<

RYRG!o'%!S/7'%1
T18+3*1;('+51;+ED)+1$+"#$%&'($9
E770-.7F! Q0'+1'! +! 2/7;'))$%4! ;0/5$)'<! \*'! #$%&'()%
40/-;*! 1/! 2/%%'21! 3$1@! /1@'0*! 3@/! 7$4@1! ,'! 4//(! 0'5'00+)
*/-02'*!/0!;/1'%1$+)!]/$%1!I'%1-0'!;+01%'0*<

D1$=&07F! \*'! 1@'! #$%&'()%! +%*3'0*! 5'+1-0'! 1/! 4'1

*10+%4'0*! 1/! 2/%*-7'! :/-0! $%5/07+1$/%! +%(! ;'0@+;*! 'I'%
1-0%!$%1/!2)$'%1*G
)0-$3210@F!W'1!0'2/77'%(+1$/%*!50/7!:/-0!2/%1+21*!/%
#$%&'()%<!T@$*!$*!+!40'+1!3+:!1/!*@/32+*'!:/-0!'H;'01$*'G!

T18+71+6&+,01-.7#=&+1$+"#$%&'($
T@'!5/))/3$%4!1$;*!3$))!@');!:/-!;0/+21$I'):!-*'!#$%&'(!?%<

>!4-#$+@10&+=#3#B#(#75>!O:!+(($%4!2/%%'21$/%*L!:/-!5-01@'0!1@'
)$&')$@//(!1@+1!*/7'/%'!3$))!5$%(!:/-!3@'%!1@':!%''(!:/-<!Z0$1'
+!2/7;'))$%4!;0/5$)'L!+%(!&'';!:/-0!2/%1+21!(+1+,+*'!-;(+1'(
3$1@!:/-0!;0/5'**$/%+)!2/%1+21*<
>!J$.0&-3&+51;0+0-$%+8#7*+3&-0.*+&$?#$&3>!#$%&'()%!+))/3*!:/1@'!/;1$/%!/5!7+&$%4!:/-0!;0/5$)'!;-,)$2L!3@$2@!3$))!+))/3!*'+02@
'%4$%'*!1/!$%('H!$1<!T@$*!$*!+!I'0:!*7+01!7/I'L!,'2+-*'
#$%&'()%!$*!0+%&'(!I'0:!@$4@):!,:!*'+02@!'%4$%'*<!Z@'%!:/20'+1'!+!;-,)$2!;0/5$)'L!*')'21!"K-))!k$'3<=!?%*1'+(!/5!-*$%4!1@'
('5+-)1!\J#!#$%&'()%!;0/I$('*L!2-*1/7$X'!:/-0!;-,)$2!;0/5$)'E*
\J#!1/!$%2)-('!:/-0!+21-+)!%+7'<
>!4&7+B;3#$&33+-'=#.&>!#$%&'()%!+%*3'0*!+0'!+!40'+1!3+:!1/!4'1
+(I$2'!+%(!5$%(!+%*3'0*!1/!:/-0!7/*1!;0'**$%4!M-'*1$/%*<!T@$*
$*!+%!'*;'2$+)):!-*'5-)!1//)!$5!:/-!+0'!+!,-*$%'**.1/.,-*$%'**
2/7;+%:
>!D1$';.7+@-0%&7+0&3&-0.*>!?!@+I'!(/%'!*/7'!'H2'))'%1!7+0&'1
0'*'+02@!-*$%4!1@'!#$%&'()%!+%*3'0*!5'+1-0'<!_/1!*-0'!3@+1
:/-0!;/1'%1$+)!2)$'%1*!/0!2-*1/7'0*!5'')!1@'$0!40'+1'*1!%''(!$*^
i-*1!+*&<!_''(!1/!1'*1!/-1!1@'!7+0&'1!3$1@!+!%'3!$('+^!R*&!5/0
5''(,+2&<!#$%&'()%E*!+%*3'0*!5'+1-0'!7+&'*!$1!'+*:<

!
"#$%&'!()%*+%,-*./&0-#%/
"#$%&'(&)!*&!*&+(&%!,('%*!-',%./(0(&)!1(++!).*1!/*!2345!6(++(*&!(&
789:;!.%$.%0%&/(&)!-!<*.%!/=-&!0%,%&>*+'!(&?.%-0%!>.*<!/=%!2@AB
<(++(*&!0$%&/!*&!/=%!>*.<-/!(&!788A4C
!"#$%!&!$'()*

DEFGHIJG! KLMNH! '*%0&O/! P0P-++Q! >-++! 1(/=(&! /=%! ?-/%)*.Q! *>! 0*?(-+
&%/1*.R(&)! 0(/%0;! (/! (0! -&! (<$*./-&/! /**+! 1(/=(&! /=%! 6())%.! 0$=%.%! *>
*&+(&%!<-.R%/(&)4!S*P!?-&!/-R%!/=%!*&+(&%!,('%*!Q*P!?.%-/%!-&'!0=-.%!(/
-?.*00! /=%! 6*-.'! >.*<! Q*P.! *1&! 6+*)! /*! 0*?(-+! &%/1*.R(&)! 0(/%04! L>
?*&/%&/!(0!R(&);!,('%*!(0!/=%!R(&)!*>!/=%!6())%.!?*P&/.Q4
TQ! &P<6%.! *&%! 0*P.?%! >*.! *&+(&%! ,('%*! (&>*.<-/(*&! (0! M-,%
U-<(&0R(! *>! V%6! K('%*! I&(,%.0(/Q! W1114V%6K('%*I&(,%.0(/Q4?*<X4
M-,%! /%-?=%0! /=*P0-&'0! *>! $%*$+%! *&+(&%! =*1! /*! ?.%-/%! 0P??%00>P+
*&+(&%!,('%*0!/=.*P)=!=(0!/.-(&(&)!$.*).-<04!G%!(0!/=%!%Y$%./!1=%&!(/
?*<%0!/*!/=(0!-.%-;!0*!L!=-,%!-0R%'!=(<!/*!1.(/%!/=(0!)P%0/!?=-$/%.4

L&! Z%6.P-.Q! 788@;! /=.%%! <%&! +-P&?=%'! -! &%1! 1%60(/%4! L&! [*,%<6%.
7885;!J**)+%!6*P)=/!/=-/!1%60(/%!>*.!2945@!6(++(*&4!F=%!1%60(/%!1-0
?-++%'!S*PFP6%4!F=P0!6%)-&!/=%!$=%&*<%&*&!*>!1%6!,('%*4
V%6!,('%*!(0!/=%!>-0/%0/\).*1(&)!>*.<!*>!<%'(-!(&!=(0/*.Q4!#(Y/Q\/1*
$%.?%&/! *>! (&/%.&%/! P0%.0! W-&'! ).*1(&)X! 1-/?=! 1%6! ,('%*! .%)P+-.+Q4
D+<*0/! B! 6(++(*&! ,('%*0! -.%! ,(%1%'! %-?=! <*&/=! -?.*00! J**)+%O0

&%/1*.R4! H,%.! /1%&/Q! =*P.0! *>! ,('%*! -.%! P$+*-'%'! /*! S*PFP6%! %,%.Q
<(&P/%4!D&'! ](0?*! $.%'(?/0! /=-/! ,('%*! 1(++! '.(,%! A8! $%.?%&/! *>! 1%6
/.->>(?!1(/=(&!/=%!&%Y/!>*P.!Q%-.04
V=Q!(0!/=%.%!0P?=!-!+*,%!>*.!1%6!,('%*^!L&!+-.)%!$-./!(/O0!6%?-P0%
/=-/! ,-0/! <-_*.(/Q! *>! $%*$+%;! 1=%&! )(,%&! /=%! ?=*(?%;! $.%>%.! /*! 1-/?=
.-/=%.!/=-&!.%-'4!L&!>-?/;!-!788B!0/P'Q!6Q!/=%![-/(*&-+!N&'*1<%&/!>*.
/=%!D./0! .%$*./0! /=-/! "*&! -,%.-)%;!D<%.(?-&0! -)%'! 9@! /*! 73! 0$%&'
-+<*0/!/1*!=*P.0!-!'-Q!1-/?=(&)!FK;!-&'!*&+Q!0%,%&!<(&P/%0!*>!/=%(.
'-(+Q!+%(0P.%!/(<%!*&!.%-'(&)4C!D&'!Q*P!?-&!6%/!/=-/!1%6!,('%*!(0!*&+Q
>P./=%.! >P%+(&)! /=(0! '(>>%.%&?%! (&! /(<%! 0$%&/! 1-/?=(&)! ,%.0P0! .%-'(&)
-?.*00!-++!-)%!).*P$04
].->/%'! (&/%++()%&/+Q;! 1%6! ,('%*! (0! -! 6.(++(-&/! ,(.-+! /**+! /*
-//.-?/;! %&)-)%;! -&'! ?*&,%./! ,(%1%.0! /*! /-R%! -?/(*&! 6%//%.
/=-&!-&Q!*/=%.!<-.R%/(&)!<%'(P<!*&!/=%!1%64
!
#=%.<-&!GP;

+,!$*#-./0!'()*
`P/!1=-/!'*%0!-++!*>!/=(0!<%-&!>*.!Q*P;!/=%!1%60(/%!*1&%.;!6P0(&%00
*1&%.;!6+*))%.;!*.!*&+(&%!<-.R%/%.^!V=-/O0!/=%!<*0/!%>>%?/(,%!1-Q!/*
P0%!1%6!,('%*!>*.!Q*P.!6P0(&%00^!D&'!=*1!?-&!Q*P!)%/!0/-./%'!1(/=
1%6!,('%*!(>!/=%!/%?=&*+*)Q!?*&>*P&'0!Q*P^!L>!Q*PO,%!&%,%.!/*P?=%'!?-<%.-!(&!Q*P.!+(>%^!L!0=-.%!/=%!-&01%.0!1(/=!Q*P!=%.%4!D&01%.0!/=-/
-.%&O/!6-0%'!*&!/=%*.Q;!=%-.0-Q;!*.!0$%?P+-/(*&;!6P/!.-/=%.!*&!/=%!.%-+\
1*.+'!.%0P+/0!*>!$%*$+%!1=*!-.%!%-.&(&)!/=%(.!(&?*<%0;!(&!>P++!*.!(&!$-./;
/=.*P)=!1%6!,('%*4
H>!?*P.0%;!/=%.%!-.%!+*/0!*>!1-Q0!Q*P!?-&!<-R%!1%6!,('%*0a!Q*P!?-&
.%?*.'!1=-/!Q*PO.%!'*(&)!*&!Q*P.!0?.%%&;!$(%?%!/*)%/=%.!,('%*0!P0(&)
&*/=(&)!6P/!$=*/*0!-&'!0/*?R!>**/-)%;!*.!/P.&!/=%!?-<%.-!*&!Q*P.0%+>
-&'!0/-.!(&!Q*P.!*1&!,('%*04!`P/!1=-/%,%.!Q*P!'*;!Q*PO.%!)*(&)!/*!&%%'
0*<%!/**+0!/*!?.%-/%!/=*0%!,('%*04! #*! /*!0/-./;!1%O.%!)*(&)!/*!?*,%.

%bP($<%&/! -&'! 0*>/1-.%! >*.! 1%6! ,('%*! ?.%-/(*&4! F=%&! 1%O++! '(0?P00
0%?.%/0!>*.!<-R(&)!$%*$+%!1-/?=!Q*P.!%&/(.%!,('%*;!,('%*!0=-.(&)!0(/%0;
,('%*!$*'?-0/(&);!<-R(&)!<*&%Q!1(/=!1%6!,('%*;!-&'!/=%!>P/P.%!*>!1%6
,('%*4

()%*123#45%0-*6&3*+%%$*-&*7/%8-%*9%:*"#$%&;
F=(0!(0!*>/%&!/=%!<*0/!6*.(&)!$-./!*>!1%6!,('%*4!G*1%,%.;!(/O0!-+0*!/=%
$-./!1=%.%!$%*$+%!/%&'!/*!=-,%!/=%!<*0/!bP%0/(*&04!#$%?(>(?-++Q;!/=%Q
1-&/!/*!R&*1!1=-/!%bP($<%&/!(0!/=%!6%0/4
TQ! -&01%.! <-Q! 0P.$.(0%! Q*P4! F=-/O0! 6%?-P0%! 1=%&! (/! ?*<%0! /*
,('%*! %bP($<%&/;! /=%.%! (0! &*! "6%0/Cc&*! 6%0/! ?-<%.-;! &*! 6%0/
<(?.*$=*&%;!-&'!&*!6%0/!0*>/1-.%4!L&!/=%!1*.+'!*>!,('%*;!6%0/!(0!.%-++Q!<-//%.!*>!*$(&(*&4
F=%.%!-.%;!=*1%,%.;!?%./-(&!)P('%+(&%0!Q*P!?-&!-&'!0=*P+'!>*++*1c
)P('%+(&%0! /=-/! 1(++! 0-,%! Q*P! $+%&/Q! *>! /(<%;! <*&%Q;! -&'! =%-'-?=%04
V%O++!0/-./!1(/=!,('%*!?-<%.-0!>(.0/4
K(./P-++Q! -&Q! ,('%*! ?-<%.-! Q*P! 6PQ! /=%0%! '-Q0! 1(++! $.*'P?%! ,('%*
/=-/O0!*>!=()=!%&*P)=!bP-+(/Q!>*.!/=%!1%6c%,%&!-!29@8!Z+($!?-<%.-4
F=-/!'*%0&O/!<%-&!Q*PO.%!)*(&)!/*!)%/!)*.)%*P0;!,(6.-&/;!6.*-'?-0/\
bP-+(/Q!,('%*c&*/!%,%&!?+*0%4!`P/!Q*P.!>**/-)%!1(++!6%!)**'!%&*P)=
>*.!/=%!1%64
L>!Q*P!1-&/!=()=%.!bP-+(/Q;!Q*PO.%!)*(&)!/*!=-,%!/*!0$%&'!<*.%!*&!?-<%.-4!V(/=!,('%*!?-<%.-0;!Q*P!/.P+Q!)%/!1=-/!Q*P!$-Q!>*.4
d%.0*&-++Q;!L!P0%!?-<%.-0!>.*<!]-&*&O0!KLeLD!+(&%4!#*&Q!?-<%.-0
-.%!_P0/!-0!)**'4!L&!>-?/;!(>!Q*P!1%.%!/*!)*!*P/!-&'!6PQ!-!?-<%.-!/*'-Q;
LO'!.%?*<<%&'!Q*P!)%/!-!<*'%+!>.*<!%(/=%.!#*&Q!*.!]-&*&4!D0!-!.P+%;
?-<%.-0!>.*<!%(/=%.!*>!/=%0%!/1*!<-&P>-?/P.%.0!1(++!)(,%!Q*P!/=%!6%0/
bP-+(/Q!1(/=!/=%!>%1%0/!=%-'-?=%04
[*! <-//%.! 1=-/! ?-<%.-! Q*P! ?=**0%;! Q*PO++! 1-&/! /*! <-R%! 0P.%! (/
?*<%0! 1(/=! -&! %Y/%.&-+! <(?.*$=*&%! _-?R4! F=(0! _-?R! 1(++! -++*1! Q*P! /*

$+P)! -! <(?.*$=*&%! (&/*! Q*P.! ?-<%.-c>*.! %Y-<$+%;! -! +-,-+(%.

<(?.*$=*&%c1=(?=!Q*P!?-&!/=%&!-//-?=!/*!/=%!>.*&/!*>!Q*P.!0=(./4!L>!Q*P
P0%!-&!%Y/%.&-+!<(?.*$=*&%!+(R%!/=(0;!/=%!-P'(*!$*./(*&!*>!Q*P.!,('%*
1(++!0*P&'!'.-<-/(?-++Q!6%//%.!/=-&!(>!Q*P!=-'!P0%'!Q*P.!?-<%.-O0!6P(+/\
(&!<(?.*$=*&%4!L&!>-?/;!/=(0!0(<$+%!/($!-+*&%!?-&!'.-<-/(?-++Q!(&?.%-0%
/=%!%&/(.%!$.*'P?/(*&!,-+P%!*>!Q*P.!,('%*4

<)&3=$*6&3*>;%*?#@)AB%C#0#-#&0*&/*<-80$8/$AB%C#0#-#&0*"#$%&D
Z(.0/;!P&'%.0/-&'!/=-/;!1=%/=%.!Q*P!P0%!GM!*.!#M!,('%*;!(/O0!0/(++!_P0/
,('%*4!F=%!'(>>%.%&?%!(0!/=-/!GM!P0%0!-!+*/!<*.%!$(Y%+0;!1=(?=!<%-&0!0=-.$%.!-&'!<*.%!'%/-(+%'!(<-)%4
F=-/!6%//%.!(<-)%!?*<%0!-/!-!$.(?%;!/=*P)=4!F*!%'(/!<*0/!GM!,('%*
-&'!)%/!(/!.%-'Q!/*!)*!*&!/=%!1%6;!Q*PO++!&%%'!-!$*1%.>P+!?*<$P/%.c
*&%!1(/=!-!<P+/(?*.%!$.*?%00*.!-&'!-/!+%-0/!3!J`!*>!<%<*.Q4
F=-/O0! 1=Q;! >*.! $%*$+%! _P0/! 0/-./(&)! *P/;! L! .%?*<<%&'! 0/(?R(&)! 1(/=
0/-&'-.'\'%>(&(/(*&! ,('%*4! L/O0! >-0/%.! -&'! %-0(%.! /*! +*-'! *&+(&%! -&'! /*
1*.R! 1(/=;! -&'! Q*P! '*&O/! &%%'! /=%! +-/%0/! -&'! ).%-/%0/! ?*<$P/%.
=-.'1-.%!/*!)%/!/=(&)0!'*&%4
L>!Q*P!=-,%!/=%!.%0*P.?%0!/*!1*.R!1(/=!GM!,('%*;!6Q!-++!<%-&0!'*!(/4
I+/(<-/%+Q;! /=-/O0! 1=%.%! -++! ,('%*! (0! =%-'%';! (&?+P'(&)! ,('%*! *&! /=%
1%64! fP0/! P&'%.0/-&'! /=-/! >.*<! -! 6P0(&%00! 0/-&'$*(&/;! /=%.%! (0! &*
-',-&/-)%!*.!'(0-',-&/-)%!/*!P0(&)!GM!.-/=%.!/=-&!#M!,('%*4!L/O0!0/(++
_P0/!,('%*4!D&'!/=%!*&+Q!/=(&)!Q*P!)-(&!1(/=!GM!(0!-!&(?%.+**R(&)!(<-)%4
[*!<-//%.!1=-/!/Q$%!*>!>*.<-/!Q*P!0=**/!Q*P.!,('%*0!(&;!Q*P!-.%!0/(++
)*(&)! /*! =-,%! /*! ?P/! *P/! $*./(*&0! *>! /=%! ,('%*! 1=%.%! Q*P! <-R%
<(0/-R%0;! *.! <-Q6%! Q*PO++! 1-&/! /*! -''! /%Y/;! ).-$=(?0;! *.! 6-?R).*P&'
<P0(?!/*!Q*P.!,('%*04!F*!'*!-++!*>!/=(0;!Q*P!<P0/!%'(/!Q*P.!,('%*0!P0(&)
,('%*!%'(/(&)!0*>/1-.%4

9)8-*6&3*+%%$*-&*E0&F*G:&3-*"#$%&*1$#-#0@
<&C-F8/%

F=%.%! -.%! $+%&/Q! *>! ,('%*! %'(/(&)! 0*>/1-.%! $-?R-)%0! -,-(+-6+%4

V(&'*10! ?*<%0! 1(/=! -! >.%%! $-?R-)%! ?-++%'! T*,(%! T-R%.4! D$$+%
?*<%0! 1(/=! (T*,(%4! F=%.%! -.%! -+0*! (&%Y$%&0(,%! 0*+P/(*&0! -,-(+-6+%
>.*<! d(&&-?+%;! I+%-';! D'*6%;! -&'! */=%.04! `P/! /=%.%! -.%! *&+Q! /1*
0*>/1-.%!$-?R-)%0!/=-/!L!.%?*<<%&'!/*!$%*$+%a!>*.!d];!#*&QO0!K%)-0
W1114#*&Q].%-/(,%#*>/1-.%4?*<X;! -&'! >*.! T-?;! D$$+%O0! Z(&-+! ]P/
W1114D$$+%4?*<gZ(&-+]P/NY$.%00X4
V=Q!/=%0%!/1*!*P/!*>!-++!/=%!*$/(*&0!-,-(+-6+%^!F1*!1*.'0a!P$).-'%
$-/=4
`*/=!K%)-0!-&'!Z(&-+!]P/!*>>%.!6%)(&&%.!,%.0(*&0!*&!1=(?=!Q*P!?-&
?P/!Q*P.!/%%/=!%'(/(&)!,('%*!>*.!-!+*1!?*0/4!F=%&;!-0!Q*P.!0R(++0!$.*).%00
-&'!Q*P!0/-./!1-&/(&)!/*!'*!<*.%!1(/=!Q*P.!,('%*;!Q*P!?-&!P$).-'%!/*
<*.%! -',-&?%'! ,%.0(*&0! *>! /=%0%! $.*).-<0! W-++! /=%! 1-Q! P$! /*
$.*>%00(*&-+! ,%.0(*&0! P0%'! /*! ?.%-/%! G*++Q1**'! <*,(%0! -&'! FK
0=*10X4! D&'! 1=%&! Q*P! '*! P$).-'%;! Q*P! 1*&O/! &%%'! /*! .%+%-.&! /=%
0*>/1-.%4!L/O0!/=%!0-<%!0*>/1-.%!1(/=!-''(/(*&-+!>%-/P.%04
V(/=! ,(./P-++Q! -++! */=%.! ,('%*! %'(/(&)! $.*).-<0! -,-(+-6+%;! (/O0! /=%
*$$*0(/%4!F=%Q!%(/=%.!'*&O/!*>>%.!-&!P$).-'%!$-/=!*.;!(>!/=%Q!'*;!/=%Q
.%bP(.%! Q*P! /*! +%-.&! -! ?*<$+%/%+Q! &%1! W-&'! ?*&>P0(&)X! 0*>/1-.%
(&/%.>-?%4
`P/!1=-/!(>!Q*P!'*&O/!1-&/!/*!0=**/!+(,%!,('%*^!V=-/!(>!(&0/%-'!Q*P
1-&/!/*!.%?*.'!d*1%.d*(&/!$.%0%&/-/(*&0!*.!0*<%/=(&)!Q*PO.%!'*(&)!*&
Q*P.! ?*<$P/%.! 0?.%%&^! Z*.! /=(0! Q*P! 1(++! &%%'! 0?.%%&! .%?*.'(&)
0*>/1-.%4

HI*J%K&55%0$8-#&0;*C&/*<K/%%0*J%K&/$#0@
<&C-F8/%
Z(.0/;!+%/O0!%Y$+*.%!/=%!'(>>%.%&?%!6%/1%%&!0?.%%&!.%?*.'(&)!0*>/1-.%
-&'!,('%*!%'(/(&)!0*>/1-.%4!#?.%%&!.%?*.'(&)!0*>/1-.%!-++*10!Q*P!/*

.%?*.'! <*,%<%&/! *&! Q*P.! ?*<$P/%.! 0?.%%&;! >.*<! '%<*&0/.-/(*&0! *.

/P/*.(-+0! *&! 0*>/1-.%! /*! 0+('%\6-0%'! $.%0%&/-/(*&04! K('%*! %'(/(&)
0*>/1-.%!-++*10!Q*P!/*!/-R%!>**/-)%!>.*<!-!,('%*!?-<%.-;!0/*?R!,('%*
?+($0;! *.! %,%&! $=*/*0! -&'! %'(/! %,%.Q/=(&)! (&! -&! P&+(<(/%'! &P<6%.! *>
1-Q0cQ*PO.%!+(<(/%'!*&+Q!6Q!Q*P.!(<-)(&-/(*&4!K('%*!%'(/(&)!0*>/1-.%
?-&&*/!.%?*.'!Q*P.!?*<$P/%.!0?.%%&4!D&'!0?.%%&!.%?*.'(&)!0*>/1-.%!(0
&*/!'%0()&%'!/*!%'(/!+(,%!>**/-)%!>.*<!-!?-<%.-4
V=%&!(/!?*<%0!/*!1=-/!0*>/1-.%!0=*P+'!Q*P!P0%!(>!Q*P!1-&/!/*!.%?*.'
0*<%/=(&)! *&! Q*P.! 0?.%%&;! -)-(&;! L! =-,%! /1*! .%?*<<%&'-/(*&04! Z*.
d];! L! .%?*<<%&'! ]-</-0(-! >.*<! F%?=#<(/=! W1114F%?=#<(/=4?*<X4
Z*.! T-?;! L! .%?*<<%&'! #?.%%&Z+*1! >.*<! F%+%0/.%-<
W1114F%+%0/.%-<4&%/X4
D+/=*P)=!/=%.%!-.%!<P+/($+%!?*<$%/(&)!$.*).-<0!-,-(+-6+%!>*.!%-?=
$+-/>*.<;!/=%0%!/1*!-.%!/=%!.P&-1-Q!1(&&%.04!S*P!?-&&*/!)*!1.*&)!1(/=
%(/=%.!*>!/=%<4
F=%.%! -.%! -+0*! >.%%! -&'! (&%Y$%&0(,%! 1%6\6-0%'! 0?.%%&! .%?*.'(&)
0*+P/(*&0!-,-(+-6+%4!F=%!<*0/!$*$P+-.!-.%!f(&)!Wf(&)d.*_%?/4?*<X!-&'
#?.%%&F*-0/%.!W1114#?.%%&F*-0/%.4?*<X4!F=%0%!-.%!6*/=!>.%%4
[*1!Q*P!R&*1;!-/!+%-0/!*&!-!6-0(?!+%,%+;!/=%!%bP($<%&/!Q*P!0=*P+'
P0%! /*! ?.%-/%! Q*P.! ,('%*04! `P/! /=-/O0! *&+Q! $-./! *>! /=%! 6-//+%4! S*P! 0/(++
&%%'!/*!?.%-/%!Q*P.!,('%*0!(&!0P?=!-!1-Q!/=-/!,(%1%.0!1*&O/!)%/!6*.%'
-&'!6*+/!->/%.!-!>%1!0%?*&'04

()/%%*<%K/%-;*C&/*H8L#0@*<3/%*M%&4=%*98-K)
6&3/*"#$%&;*C/&5*N%@#00#0@*-&*10$
T-&Q!$%*$+%!<(0/-R%&+Q!/=(&R!/=-/!0(<$+Q!?.%-/(&)!-!,('%*!-&'!$P//(&)
(/!*&+(&%!<%-&0!/=-/!%,%.Q*&%!1=*!?*<%0!-?.*00!/=-/!,('%*!1(++!1-/?=
(/! >.*<! 0/-./! /*! >(&(0=4! I&>*./P&-/%+Q;! 0/-/(0/(?0! $-(&/! -! >-.! '(>>%.%&/
$(?/P.%4! G%.%O0! -! +**R! -/! ,(%1%.! =-6(/0;! -0! .%$*./%'! 6Q! /=%! ,('%*
'(0/.(6P/(*&!0%.,(?%!FP6%T*)P+a

h!V(/=(&!/=%!>(.0/!/%&!0%?*&'0!*>!-!,('%*;!984:i!$%.?%&/!*>!,(%1%.0
-.%!)*&%4
h! V(/=(&! /=%! >(.0/! /=(./Q! 0%?*&'0! *>! -! ,('%*;! ::4A3! $%.?%&/! *>
,(%1%.0!-.%!)*&%4
h!`Q!/=%!*&%\<(&P/%!<-.R!*>!-!,('%*;!@:4@5!$%.?%&/!*>!,(%1%.0!-.%
)*&%4
h!`Q!/=%!/1*\<(&P/%!<-.R!*>!-!,('%*;!B547i!$%.?%&/!*>!,(%1%.0!-.%
)*&%4
L&!*/=%.!1*.'0;!/=%!1%6!,('%*!,(%1(&)!?*<<P&(/Q!=-0!-!0%.(*P0!?-0%
*>!-//%&/(*&!'%>(?(/!'(0*.'%.4!F*!?*<6-/!/=-/!-&'!=%+$!=*+'!/=%!,(%1%.O0
(&/%.%0/!>.*<!6%)(&&(&)!/*!%&';!/=%.%!-.%!/=.%%!/=(&)0!1%!?-&!'*4
Z(.0/!(0!/*!.%)P+-/%!,('%*!+%&)/=4!L'%-++Q;!Q*P!1-&/!Q*P.!1%6!,('%*0!/*
6%!&*!<*.%!/=-&!/1*!<(&P/%0!(&!+%&)/=4!V=%&!Q*P!)*!6%Q*&'!/=-/;!/=%
&P<6%.!*>!,(%1%.0!1=*!?+(?R!-1-Q!(&?.%-0%0!'.-<-/(?-++Q4!F=(0!'*%0&O/
<%-&!Q*P.!,('%*!=-0!/*!6%!%Y-?/+Q!/1*!<(&P/%0!+*&)4!G*1%,%.;!Q*P!'*
1-&/!/*!R%%$!/=-/!/1*\<(&P/%!)*-+!(&!Q*P.!=%-'4!Z*++*1!/=(0!.P+%;!-&'
/=%! *''0! *>! )%//(&)! Q*P.! ?*<$+%/%! <%00-)%! -?.*00! /*! $%*$+%! 1(++
(&?.%-0%!'.-<-/(?-++Q4
#%?*&'! (0! /*! R%%$! /=(&)0! <*,(&)4! V-/?=! -&Q! FK! ?*<<%.?(-+;! FK
0=*1;! *.! <*,(%4! S*PO++! &*/(?%! /=-/! -6*P/! %,%.Q! /1*! /*! /=.%%! 0%?*&'0
1=-/! Q*PO.%! 0%%(&)! *&! /=%! 0?.%%&! ?=-&)%04! F=%.%! 1(++! 6%! -! '(>>%.%&/
?-<%.-!-&)+%;!-!'(>>%.%&/!0?%&%;!*.!-!'(>>%.%&/!(<-)%!0=*1&4!D&'!/=(0
=-$$%&0! .%$%-/%'+Q! /=.*P)=*P/! /=%! %&/(.%! $.*).-<4! V=-/! Q*P! 0%%! (0
?*&0/-&/+Q!<*,(&)!-&'!?=-&)(&)4!V%O,%!-++!1-/?=%'!%&*P)=!/%+%,(0(*&
/*!=-,%!*P.!6.-(&0!$.*).-<<%'!6Q!/=(04!L>!-!0?%&%!.%<-(&0!0/-/(?!*&
/=%!0?.%%&!>*.!/**!+*&)c%,%&!_P0/!/%&!0%?*&'0c1%!0/-./!/*!)%/!6*.%'
-&'!-&Y(*P04
L&! /=%! 1*.+'! *>! 1%6! ,('%*;! /=-/O0! 1=%&! $%*$+%! 0/-./! ?+(?R(&)! -1-Q
>.*<! Q*P.! ,('%*! -&'! *&/*! 0*<%/=(&)! %+0%4! `P/! 6Q! R%%$(&)! /=(&)0
<*,(&)!W1=(?=!<%-&0!-,*('(&)!0/-/(?!0?%&%0!*>!/%&!0%?*&'0!*.!<*.%X;
Q*P!=%+$!R%%$!,(%1%.0!(&/%.%0/%'4!L/O0!-!0P6/+%!6P/!%>>%?/(,%!/.(?R4
F=%!/=(.'!W-&'!$%.=-$0!<*0/!(<$*./-&/X!/%?=&(bP%!(0!/.-&0$-.%&?Qc
)(,(&)!Q*P.!,(%1%.!-!6%=(&'\/=%\0?%&%0!+**R!-/!Q*P.!+(>%!*.!6P0(&%004
Z*.! %Y-<$+%;! 1=%&! 1%6! ,('%*! >(.0/! 0/-./%'! =%-/(&)! P$;! -',%./(0%.0

.%$P.$*0%'!/=%(.!/%+%,(0(*&!?*<<%.?(-+0!>*.!/=%!1%64!F=-/!<%-&0!/=%Q
/**R!?*<<%.?(-+0!/=-/!=-'!6%%&!.P&&(&)!*&!FK!-&'!0/P?R!/=%<!-0\(0
*&!/=%!1%64!F=%!.%0P+/0!1%.%!'(0-0/.*P04!FP.&0!*P/!$%*$+%!*&!/=%!1%6
'*&O/!1-&/!/*!0%%!FK\0/Q+%!,('%*04!V=Q^!`%?-P0%!/=%!1%6!(0!-!0*?(-+
/**+4!d%*$+%!P0%!(/!/*!?*&&%?/!1(/=!*/=%.04!F=%Q!'*&O/!1-&/!/*!0%%!0/(>>;
?*&/.(,%';!?*.$*.-/%\0/Q+%!$.%0%&/-/(*&0j!/=%Q!1-&/!/*!0%%!.%-+!$%*$+%4
V=(?=!(0!%Y-?/+Q!1=-/!/.-&0$-.%&?Q!)(,%0!/=%<4
V=-/! #=-<-! '*%0! 1(/=! =%.! ,('%*0! *&! #=-<-4FK! (0! -! $%.>%?/
%Y-<$+%!*>!/.-&0$-.%&?Q!(&!-?/(*&4!V-/?=!=%.!,('%*0;!-&'!Q*P!1(++!0%%
/=-/!0=%O0!&*/!*&!-!>-R%!0%/!*.!(&!>.*&/!*>!-!).%%&!0?.%%&!1(/=!-!>-R%
6-?R).*P&'! 0P$%.(<$*0%'4! L&0/%-';! 0=%O0! -/! =%.! '%0R4! H.! *&! =%.
?*P?=4!H.!1-+R(&)!-.*P&'!=%.!&%()=6*.=**'4!H.!1(/=!=%.!'*);!#&**$Q4
#=%! 0=-.%0! 1=-/! 0=%O0! .%-'(&);! 1=-/! 0=%! +%-.&%'! -/! -! 0%<(&-.;! *.
%,%&!1=-/!0*<%*&%!<-Q!=-,%!0%&/!=%.!(&!/=%!<-(+4!F=%!%&'!.%0P+/!(0
/=-/! 0=%! ?*<%0! -?.*00! &*/! *&+Q! -0! -! /.P0/1*./=Q! -P/=*.(/Q;! 6P/! -0
0*<%*&%!1=*!(0!)%&P(&%;!-$$.*-?=-6+%;!-&'!.%-+4!D&'!/=-/O0!/=%!('%6%=(&'! /.-&0$-.%&?Q4! I0%! (/! 1(/=! ,('%*;! -&'! 6*/=! Q*P.! -P'(%&?%! -&'
6P0(&%00!1(++!).*14
`P/;!*>!?*P.0%;!$%*$+%!=-,%!/*!0%%!Q*P.!,('%*0!>(.0/4!#*!Q*P!&%%'!/*
R&*1!=*1!/*!)%/!/.->>(?!-&'!6P(+'!-&!-P'(%&?%!1(/=!1%6!,('%*4

9)8-*6&3*+%%$*-&*E0&F*G:&3-*"#$%&*<)8/#0@
<#-%;
V=%&!<*0/!$%*$+%!=%-.!/=%!1*.'0!"1%6!,('%*;C!/=%Q!(&0/-&/+Q!/=(&R!*>
S*PFP6%4! S*PFP6%;! -+*&)! 1(/=! K(''+%.;! K(<%*;! K%*=;! `+($4FK;
M-(+Q<*/(*&;!T%/-?->%;!k%,,%.;!-&'!-!=*0/!*>!*/=%.0;!-.%!,('%*!0=-.(&)
0(/%04
T*0/! $%*$+%! -.%! +%'! /*! 6%+(%,%! /=-/! 6Q! P0(&)! ,('%*! 0=-.(&)! 0(/%0;
/=%QO++!)-(&!-!>+**'!*>!/.->>(?;!0P''%&!0P??%00;!-&'!<-Q6%!%,%&!(&0/-&/
0/-.'*<4!I&>*./P&-/%+Q;!/=-/!?*P+'&O/!6%!>P./=%.!>.*<!/=%!/.P/=4!L&!>-?/;!@:
$%.?%&/!*>!/=%!,('%*0!*&!S*PFP6%!-?=(%,%!>%1%.!/=-&!@88!,(%10;!-&'

:8!$%.?%&/!)%/!+%00!/=-&!988!,(%104!#*!LO++!/%++!(/!/*!Q*P!0/.-()=/!1(/=*P/
<(&?(&)!-&Q!1*.'0a!$*0/(&)!Q*P.!,('%*0!*&!,('%*!0=-.(&)!0(/%0!0=*P+'
*&+Q!6%!P0%'!/*!)%/!-&?(++-.Q!/.->>(?;!&*/!$.(<-.Q!/.->>(?4!F=%.%O0!-?/P-++Q
-!>-.;!>-.!6%//%.!1-Q!/*!)%/!/.->>(?!1(/=!1%6!,('%*;!1=(?=!L!'(0?P00!+-/%.!(&
/=(0!0%?/(*&4
Z(.0/;! +%/O0! ?*,%.! =*1! 0%-.?=! %&)(&%0! +(R%! J**)+%! ,(%1! -&'! (&'%Y
,('%*04!D?/P-++Q;!0%-.?=!%&)(&%0!W>*.!/=%!<*0/!$-./X!'*&O/!,(%1!,('%*0
-/!-++4![%-.+Q!-++!1%6!,('%*0!-.%!Z+-0=!>(+%0;!-&'!Z+-0=!>(+%0!-.%!<*.%!*.
+%00! (&,(0(6+%! /*! 0%-.?=! %&)(&%04! F=(0! <%-&0! /=%! ?*&/%&/! *>! -! ,('%*
(0&O/!6%(&)!,(%1%';!(&'%Y%';!-&'!.-&R%'!6Q!-!0%-.?=!%&)(&%;!6P/!.-/=%.
/=%!1%6!$-)%!-!,('%*!(0!*&!(0!,(%1%';!(&'%Y%';!-&'!.-&R%'4!H.;!/*!$P/
(/!-&*/=%.!1-Q;!1=%&!Q*P!P$+*-'!-!,('%*!/*!-!0=-.(&)!0(/%!*.!$+-?%!,('%*!*&!Q*P.!*1&!1%6$-)%;!0%-.?=!%&)(&%0!R&*1!-!,('%*!(0!/=%.%;
6P/!/=%Q!'*&O/!=-,%!-&Q!('%-!1=-/!/=-/!,('%*!?*&/-(&04!W[*/%a!F=(0!(0
0+*1+Q!?=-&)(&)!-0!0%-.?=!%&)(&%0!+%-.&!/*!-'-$/4X
#%-.?=! %&)(&%0! '*! +**R! -/! /=%! */=%.! (/%<0! *&! -! 1%6$-)%c6+*)
$*0/! /(/+%0;! $-)%! /(/+%0;! /%Y/! *&! /=%! $-)%;! (&?*<(&)! +(&R0;! GFTE! /-)0;
-&'!0*!*&c-&'!/=-/O0!=*1!/=%Q!>()P.%!*P/!1=-/!-!$-)%!(0!-6*P/4!D)-(&;
/=%!-?/P-+!?*&/%&/!(&!/=%!,('%*!(0!()&*.%'4
#*!=*1!'*!Q*P!)%/!$%*$+%!/*!>(&'!Q*P.!,('%*0;!-&'!=*1!'*!Q*P!)%/
/=%<!/*!-$$%-.!(&!0%-.?=!%&)(&%0^!L&!/=%!?-0%!*>!,('%*!0=-.(&)!0(/%0;
Q*P!=-,%!/*!>*?P0!*&!<%/-'-/-4!L!R&*1!/=-/!0*P&'0!+(R%!-!"/%?=(%C!1*.';
6P/!-++!(/!.%-++Q!<%-&0!(0!/=%!/(/+%;!'%0?.($/(*&;!-&'!/-)0!Q*P!%&/%.!1=%&
P$+*-'(&)!-!,('%*4
Z*.!%Y-<$+%;!1=%&!Q*P!P$+*-'!-!,('%*!/*!S*PFP6%;!Q*P!-.%!-0R%'
/*!)(,%!/=%!,('%*!-!/(/+%;!1.(/%!-!'%0?.($/(*&!-6*P/!(/;!-&'!%&/%.!-!>%1
/-)0!W1*.'0!/=-/!.%+-/%!/*!/=%!,('%*O0!?*&/%&/X4!F=(0!(0!Q*P.!<%/-'-/-4
D&'! 1=-/! Q*P! %&/%.! =%.%! 1(++! '%/%.<(&%! =*1! Q*P.! ,('%*! 0=*10! P$! (&
0%-.?=!%&)(&%!.%0P+/0!-&'!1(/=(&!/=%!S*PFP6%!0%-.?=!.%0P+/04!#*!1=%&
1.(/(&)!Q*P.!,('%*!/(/+%;!'%0?.($/(*&;!-&'!/-)0;!Q*PO++!1-&/!/*!/-.)%/!/=%
0$%?(>(?!R%Q1*.'0!/=-/!.%+-/%!/*!Q*P.!,('%*4!F=%!(<-)%!6%+*1!0=*10!-&
%Y-<$+%!*>!-!,('%*!P$+*-'!>*.<!1(/=!>(%+'0!>*.!<%/-'-/-4

F=%.%!-.%!-+0*!-!>%1!0%.,(?%0!-,-(+-6+%!/=-/!1(++!-++*1!Q*P!/*!P$+*-'
Q*P.! ,('%*0! /*! <P+/($+%! ,('%*! 0=-.(&)! 0(/%0! -/! *&?%4! F=(0! <%-&0! /=-/
(&0/%-'!*>!)*(&)!/*!%-?=!,('%*!0=-.(&)!0(/%!(&'(,('P-++Q!-&'!P$+*-'(&)
Q*P.! ,('%*;! Q*P! *&+Q! =-,%! /*! P$+*-'! Q*P.! ,('%*! *&?%;! -&'! (/! (0
-P/*<-/(?-++Q! '(0/.(6P/%'! -?.*00! <P+/($+%! 0=-.(&)! 0(/%0! >*.! Q*P4! F=%
<*0/!$*$P+-.!*>!/=%0%!0%.,(?%0!(0!FP6%T*)P+!WFP6%T*)P+4?*<X4!L/!-+0*
=-$$%&0!/*!6%!>.%%4!V=%&!P0(&)!-!0%.,(?%!+(R%!FP6%T*)P+;!Q*P!1(++!6%
-0R%'!/*!%&/%.!<%/-'-/-!>*.!Q*P.!,('%*;!-&'!/=-/!<%/-'-/-!1(++!6%!P0%'
>*.!%,%.Q!0=-.(&)!0(/%!FP6%T*)P+!'(0/.(6P/%0!Q*P.!,('%*!/*4
#*P&'0! $.%//Q! )**';! '*%0&O/! (/^! S*PO,%! )*/! -++! /=%0%! >.%%! ,('%*
0=-.(&)!0(/%0!-&'!-!>.%%!'(0/.(6P/(*&!0%.,(?%!+(R%!FP6%T*)P+4!#*!1=Q!(&
/=%!1*.+'!1*P+'!L!/%++!Q*P!/*!P0%!,('%*!0=-.(&)!0(/%0!*&+Q!>*.!-&?(++-.Q
/.->>(?^! F=%.%! -.%! -! &P<6%.! *>! .%-0*&0;! 6P/! LO++! =()=+()=/! /=%! <*0/

(<$*./-&/4
Z(.0/;! .%<%<6%.! /=-/! 1(/=! ,('%*;! (/! (0! /=%! 1%6$-)%! (/O0! *&! /=-/! (0
6%(&)! .-&R%'! -&'! (&'%Y%';! &*/! /=%! -?/P-+! ,('%*4!D&'! /=-/! 1%6$-)%
'*%0&O/!6%+*&)!/*!Q*Pj!(/!6%+*&)0!/*!/=%!0=-.(&)!0(/%4!F=(0!<%-&0!Q*P.
,('%*0! -.%! '.(,(&)! /.->>(?! /*! /=%! ,('%*! 0=-.(&)! 0(/%;! &*/! Q*P.! *1&
1%60(/%4!F*!)%/!/*!Q*P.!0(/%;!,(%1%.0!<P0/!1-/?=!Q*P.!,('%*!-&'!6%!0*
?*<$%++%'!6Q!1=-/!(/!?*&/-(&0!/=-/!/=%Q!0/*$!%,%.Q/=(&)!/=%Q!-.%!'*(&)
-&'!)*!/*!Q*P.!0(/%!(&0/%-'4!F=%!,-0/!<-_*.(/Q!*>!,(%1%.0!1(++!&*/!'*!/=(04
#%?*&';! -++! ,('%*! 0=-.(&)! 0(/%0! -.%! +*0(&)! <*&%Q4! [*! *&%! =-0
>()P.%'! *P/! -! 1-Q! /*! <-R%! <*&%Q! >.*<! P0%.\)%&%.-/%'! ,('%*4! N,%&
S*PFP6%;! 1=(?=! '1-.>0! -++! */=%.! ,('%*! 0=-.(&)! 0(/%0;! =-0! 6%%&
$.*_%?/%'!/*!+*0%!2388!<(++(*&!*.!<*.%!(&!788i4!WJ**)+%!-?R&*1+%')%0
S*PFP6%!(0!+*0(&)!<*&%Q!6P/!'(0$P/%0!/=*0%!&P<6%.04X
V=-/!/=(0!<%-&0!>*.!Q*P!(0!/=-/!-/!-&Q!<*<%&/;!-!,('%*!0=-.(&)!0(/%
?-&!)*!*P/!*>!6P0(&%00!-&'!?+*0%!(/0!'**.04!D&'!(>!/=-/!=-$$%&0;!Q*P.
,('%*0!W-&'!-&Q!/.->>(?!/=%Q!<-Q!)%&%.-/%X!1(++!'(0-$$%-.;!/**4!fP0/!(&
?-0%!Q*P!/=(&R!0*<%/=(&)!+(R%!/=(0!?-&O/!=-$$%&;!(/!-+.%-'Q!=-04!TP+/($+%
0<-++%.! ,('%*! 0=-.(&)! 0(/%0! =-,%! )*&%! *P/! *>! 6P0(&%00! ?*<$+%/%+Q! (&
/=%! $-0/! Q%-.4! N,%&! J**)+%!=-0! -&&*P&?%'! /=-/! /=%Q! 1(++! 0/*$
-??%$/(&)!&%1!,('%*!P$+*-'0!/*!J**)+%!K('%*0;!-&'!DHE!-&'!T#[
=-,%! -+.%-'Q! 0/*$$%'! -??%$/(&)! &%1! ,('%*0! W/=*P)=! %Y(0/(&)! ,('%*0
.%<-(&!-,-(+-6+%X4
D&'! /=(.';! /=%.%O0! -! >-.! 6%//%.! 1-Q! /*! )%&%.-/%! /.->>(?! -&'! 6P(+'! -&
-P'(%&?%!/=.*P)=!1%6!,('%*4!D!1-Q!/=-/!+%/0!Q*P!.%/-(&!/*/-+!?*&/.*+!-&'
*1&%.0=($! *>! Q*P.! ,('%*04! D! 1-Q! /=-/! +%/0! Q*P! %-0(+Q! )%&%.-/%! /*$
J**)+%!.-&R(&)0!>*.!Q*P.!,('%*04!D&'!-!1-Q!/=-/!-++*10!-++!/=%!/.->>(?
Q*P!)%&%.-/%!/*!)*!'(.%?/+Q!/*!Q*P.!*1&!0(/%4!d*'?-0/(&)4

()%*M&F%/*&C*"#$%&*M&$K8;-#0@
V=%&! Q*P! /=.*1! -.*P&'! /=%! 1*.'! "$*'?-0/;C! <*0/! $%*$+%! R&*1(&)+Q
&*'!/=%(.!=%-'0!6P/!-.%!0%?.%/+Q!6->>+%'!6Q!/=%!/%.<4!D&'!1=%&!Q*P!-''

/=%!1*.'!",('%*;C!/=(&)0!)%/!%,%&!<*.%!?*&>P0(&)4
#*!>(.0/!+%/!<%!'%>(&%!1=-/!-!,('%*!$*'?-0/!(04!L&!/%?=&(?-+!/%.<0;!(/O0
-!0%.(%0!*>!,('%*0!.%+%-0%'!%$(0*'(?-++Q!-&'!'(0/.(6P/%'!/=.*P)=!k##4
L&! 0(<$+%.! /%.<0;! (/O0! P0P-++Q! -! 6+*)! /=-/! ?*&/-(&0! -++! ,('%*4! F=%0%
,('%*0!>*?P0!*&!-!$-./(?P+-.!/*$(?!-&'!?*&/-(&!$P.%!?*&/%&/!W&*!0-+%0
$(/?=%0X4! F=%Q! -.%! '%+(,%.%'! *&?%! -! '-Q;! %,%.Q! */=%.! '-Q;! *.! *&?%! 1%%R4! D&'! /=%! 6P(+/\(&! k##! >%%'! >*.! /=%! 6+*)! ?-&! '(0/.(6P/%! /=%0%
,('%*0!'(.%?/+Q!/*!$%*$+%O0!%<-(+!6*Y%0;!*/=%.!1%60(/%0;!-&'!0%.,(?%0
0P?=!-0!(FP&%04
Z*.!%Y-<$+%;!+%/O0!0-Q!Q*P!+*,%!/*!6-R%;!0*!Q*P!0/-./!-!,('%*!$*'?-0/
*&!=*1!/*!6-R%!?**R(%0;!?-R%0;!-&'!*/=%.!/.%-/04!H&%!1%%R!Q*P!?.%-/%
-! ,('%*! *&! 6-R(&)! -$$+%! $(%4! F=%! &%Y/! 1%%R! Q*P! ?.%-/%! -! ,('%*! *&
6-R(&)!?=*?*+-/%!?=($!?**R(%04!F=%!&%Y/!1%%R!(/O0!?P$\?-R%04!D&'!Q*P
?*&/(&P%!*&!$.*'P?(&)!%$(0*'(?!,('%*0!+(R%!/=%0%!%-?=!1%%R4
`%?-P0%! Q*P.! ,('%*0! -.%! *&! -! 1%60(/%! Q*P! *1&! W-)-(&;! P0P-++Q! 6+*)X;! -++! /=%! /.->>(?! Q*P.! ,('%*0! )%&%.-/%! )*%0! '(.%?/+Q! /*! Q*P4! L&
-''(/(*&;! Q*P.! ,('%*! $*'?-0/! ?-&! 6%! $(?R%'! P$;! ,(-! k##! >%%';! 6Q
<P+/($+%! $*'?-0/! '(.%?/*.(%0;! 1=(?=! 0%-.?=! %&)(&%0! +*,%4! V=Q! '*
0%-.?=!%&)(&%0!+*,%!$*'?-0/!'(.%?/*.(%0^!`%?-P0%!/=%Q!-.%!#1&,)$/&2
3/&!3! *&! /=%! (&/%.&%/4! F=%Q! .%?%(,%! +-.)%! -<*P&/0! *>! /.->>(?j!?*&/-(&
.%+%,-&/;! =P<-&\.%,(%1%'! ?*&/%&/j! -&'! -.%! -1-.'%'! =()=! d-)%k-&R
6Q!J**)+%4!Z*.!Q*P;!/=(0!<%-&0!-!,('%*!+(0/%'!(&!-!$*'?-0/!'(.%?/*.Q
?-&! .-&R! =()=%.! (&! /=%! 0%-.?=! %&)(&%0! /=-&! /=%! 0-<%! ,('%*! *&! 0=-.(&)!0(/%4
`P/! (/! )%/0! 6%//%.4! S*P.! ,('%*! $*'?-0/! ?-&! -+0*! 6%! '(0/.(6P/%'! /*
=P)%!&%/1*.R0!+(R%!(FP&%0;!lP&%;!-&'!T(.*4!D&'!(>!/=-/!(0&O/!%&*P)=;!Q*P
?-&!3&/44!/-R%!%-?=!*>!Q*P.!$*'?-0/!,('%*0!-&'!P$+*-'!/=%<!/*!0=-.(&)
0(/%0;!/**;!>*.!-&?(++-.Q!/.->>(?4
F=*P)=!-++!/=(0!P0P-++Q!0*P&'0!(&/.()P(&)!/*!$%*$+%;!/=%Q!-.%!*>/%&!0/(++
&*/!?*&,(&?%'!-6*P/!/=(0!1=*+%!$*'?-0/(&)!/=(&)4!#*!+%/!<%!)(,%!Q*P
0*<%!$.**>4!L!?*&'P?/%'!-!=%-'\/*\=%-'!?*<$-.(0*&!*>!-!$*'?-0/%'
,('%*!-&'!/=%!0-<%!,('%*!P$+*-'%'!/*!S*PFP6%4!Z*.!/=(0!?*<$-.(0*&!L
?.%-/%'! -! ,('%*! (&! 1=(?=! L! .%,(%1%'! /=%! $%.>*.<-&?%! *>! -! $-./(?P+-.
$(%?%! *>! 0*>/1-.%4! F=(0! ,('%*! 1-0! $*0/%'! *&! <Q! $*'?-0/! 0(/%4! F=%

0-<%!,('%*!1-0!P$+*-'%'!/*!S*PFP6%4!L!P0%'!('%&/(?-+!<%/-'-/-!>*.
6*/=!<Q!$*'?-0/!0(/%!-&'!S*PFP6%4!D!>%1!'-Q0!+-/%.;!L!J**)+%'!/=%!/(/+%
*>!<Q!,('%*4!F=%!(<-)%!6%+*1!0=*10!/=%!.%0P+/04
D0!Q*P!?-&!0%%;!6*/=!/=%!S*PFP6%!,('%*!-&'!<Q!$*'?-0/!0(/%!,('%*
1%.%!+(0/%'!(&!/=%!<(''+%!*>!/=%!>(.0/!$-)%!*>!.%0P+/0;!0('%!6Q!0('%4!#*
1%O.%!-++!%,%&!-/!/=(0!$*(&/;!.()=/^![*/!%Y-?/+Q4
Z(.0/;!Q*P!=-,%!/*!-0R!Q*P.0%+>!(>!Q*PO'!.-/=%.!=-,%!0*<%*&%!?+(?R!*&
-!+(&R!/=-/!/-R%0!=(<!/*!S*PFP6%!*.!-!+(&R!/=-/!/-R%0!=(<!/*!Q*P.!*1&
0(/%4!D&'!L!/=(&R!-++!*>!P0!1*P+'!.-/=%.!=-,%!/=-/!/.->>(?!)*!/*!*P.!*1&
0(/%4
`P/! (/! )%/0! 6%//%.4! L&! /=%! &%Y/! (<-)%;! Q*PO++! 0%%! /=-/! -! $*'?-0/
'(.%?/*.Q!WH'%*4?*<X!=-0!$(?R%'!P$!<Q!,('%*;!-&'!(/O0!&(&/=!*&!/=%!>(.0/
$-)%!*>!/=%!.%0P+/04
D&'!(>!1%!_P<$!>*.1-.'!/*!/=%!%+%,%&/=!%&/.Q!(&!/=%!J**)+%!.%0P+/0;
Q*PO++!0%%!<Q!*1&!$*'?-0/!0(/%!+(0/%'!-)-(&4
#*!)*(&)!6-?R!/*!*P.!0?*.%?-.';!(>!L!=-'!P$+*-'%'!/=-/!,('%*!*&+Q!/*
S*PFP6%;! L! 1*P+'! =-,%! *&%! +(0/(&)! >*.! /=%! ,('%*! *&! /=%! >(.0/! $-)%! *>
J**)+%!.%0P+/0;!-&'!-&Q!/.->>(?!/=-/!+(0/(&)!)%&%.-/%'!1*P+'!=-,%!)*&%
'(.%?/+Q!/*!S*PFP6%4!L>!L!=-'!$*0/%'!/=%!,('%*!*&+Q!*&!<Q!$*'?-0/!0(/%;!L
1*P+'!=-,%!/1*!+(0/(&)0!*&!/=%!>(.0/!$-)%!*>!/=%!J**)+%!.%0P+/0!-&'!/=(.'!*&!/=%!0%?*&'!$-)%!*>!/=%!J**)+%!.%0P+/04!D&'!/1*!*P/!*>!/=*0%
/=.%%!+(0/(&)0!1(++!6.(&)!/.->>(?!'(.%?/+Q!/*!<Q!*1&!0(/%4

V=Q! '*! /=%0%! $*'?-0/! ,('%*0! $%.>*.<! 0*! 1%++! (&! /=%! 0%-.?=
%&)(&%0^![*!*&%!R&*10!>*.!0P.%!-6*P/!/=%!(&&%.!1*.R(&)0!*>!0%-.?=
%&)(&%0!-&'!/=%!?*<$+%Y!-+)*.(/=<0!/=%Q!P0%4!G*1%,%.;!(/O0!0P0$%?/%'
/=-/! J**)+%! >-,*.0! 6*/=! 6+*)0! -&'! ,('%*! ?*&/%&/4! D&'! 1(/=! ,('%*
$*'?-0/(&);! 1%O.%! P0(&)! 6*/=4! L&! -''(/(*&;! 6%?-P0%! ,('%*0! -.%
'(0/.(6P/%'! ,(-! k##! >%%'0;! /=%Q! ?-&! (&0/-&/+Q! -$$%-.! *&! <P+/($+%
1%60(/%0;!1=(?=!*>/%&!+(&R!6-?R!/*!Q*P.!1%60(/%4!D&'!/=%!<*.%!.%+%,-&/
+(&R0!Q*P!=-,%!$*(&/(&)!/*!Q*P.!1%60(/%;!/=%!=()=%.!Q*P.!0(/%!?-&!.-&R
1(/=!/=%!0%-.?=!%&)(&%04!F=(0!<%-&0!/=-/!/=.*P)=!,('%*!$*'?-0/(&);!1%
-.%!-6+%!/*!/-.)%/!0$%?(>(?!R%Q1*.'0!>*.!-!<-.R%/!-&'!?-&!*>/%&!.-&R
=()=%.! >*.! /=*0%! R%Q1*.'0! /=-&! 1%! 1*P+'! /=.*P)=! /.-'(/(*&-+! #NH
/%?=&(bP%04
`P/! +%/O0! +**R! -/! -! >%1! <*.%! %Y-<$+%0! *>! /=%! $*1%.! *>! ,('%*
$*'?-0/(&)4! Z*.! /=%0%! %Y-<$+%0;! L! 1%&/! /*! <Q! *1&! $*'?-0/! 0(/%
WV%6K('%*I&(,%.0(/Q4?*<g$*'?-0/X! -&'! #=-<-O0! $*'?-0/! 0(/%
W#=-<-4FKX4!L!&*/%'!-!>%1!*>!/=%!,('%*!/(/+%0!>.*<!%-?=!-&'!J**)+%'

/=%<4!G%.%!-.%!/=%!.%0P+/0a

<%8/K)*4)/8;%'!=*1!/*!?.%-/%!/=%!P+/(<-/%!6P0(&%00!?-.'
J%;3=-;'!73;i88;888
J80L'*O

<%8/K)*4)/8;%'!<-R(&)!Td3!,('%*0!$+-Q!*&!/=%!1%6
J%;3=-;'!9;i78;888
J80L'!9;!7;!-&'!:

<%8/K)*4)/8;%'!=*1!/*!<-R%!-!/1(&!,('%*!*>!Q*P.0%+>
J%;3=-;'!:3;888;888
J80L'!9!-&'!7
N3-*G/%*()%/%*G0I*B/8F:8KL;*-&*B&#0@*8*"#$%&*M&$K8;-D
S%04! kP&&(&)! -! ,('%*! $*'?-0/! /-R%0! $-00(*&;! ?*<<(/<%&/;! -&'
'%'(?-/(*&4!S*P!=-,%!/*!?*&/(&P-++Q!$.*'P?%!,('%*0!*&!-!0%/!0?=%'P+%
W'-(+Q;!1%%R+Q;!%/?4X;!-&'!Q*P!=-,%!/*!<-R%!0P.%!/=%!?*&/%&/!(0!-+1-Q0
>.%0=;! .%+%,-&/;! -&'! P0%>P+4! M*! /=-/;! -&'! Q*P! ?-&! -?=(%,%! /=%! 0-<%
.%0P+/0!/=-/!#=-<-!-&'!L!-&'!<-&Q;!<-&Q!*/=%.0!=-,%4
G*1%,%.;! (>! Q*P! .*-.! *P/! *>! /=%! )-/%! *&+Q! /*! )(,%! P$! -! <*&/=! +-/%.
W1=(?=!-!+*/!*>!$%*$+%!'*X;!Q*P!*6,(*P0+Q!1*&O/!)%/!/=%!0-<%!.%0P+/0;!(>
-&Q4!S*P!?-&!0/(++!$*0/!,('%*0!&*1!-&'!/=%&!/*!Q*P.!0(/%;!-&'!Q*P!<-Q

$(?R! P$! 0*<%! .-&R(&)0! >*.! /=%<;! 6P/! Q*P! 1*&O/! 6P(+'! /.->>(?! *.! -&
-P'(%&?%!&%-.+Q!-0!%>>%?/(,%+Q!-0!Q*P!?-&!1(/=!-!,('%*!$*'?-0/4
H>!?*P.0%;!-0!1%!'(0?P00!(&!/=%!&%Y/!0%?/(*&;!/=%.%!-.%!<-&Q!/=(&)0
Q*P!?-&!'*!1(/=!1%6!,('%*!6%Q*&'!_P0/!$*'?-0/04

(F&*&C*-)%*H&;-*P3K/8-#Q%*98I;*-&*>;%*9%:
"#$%&
H&%! +P?.-/(,%! 1-Q! /*! P0%! 1%6! ,('%*! (0! $.*'P?/! ?.%-/(*&;! -0! (&! P0(&)
1%6!,('%*!/*!?.%-/%!$.*'P?/04!F=%.%!-.%!-!&P<6%.!*>!1-Q0!Q*P!?-&!'*
/=(0;! >.*<! 0?.%%&! .%?*.'(&)0! /=-/! '%<*&0/.-/%! 0*>/1-.%! /*! 0?.%%&
.%?*.'(&)0! /=-/! /%-?=! -! $-./(?P+-.! /*$(?! /*! +(,%! ,('%*0! /=-/! /%-?=! *.
'%<*&0/.-/%!-!/*$(?!/*!?*<6(&-/(*&0!*>!6*/=4!K('%*!=-0!-!<P?=!=()=%.
$%.?%(,%'! ,-+P%! /=-&! $.(&/%'! <-/%.(-+4! Z*.! %Y-<$+%;! -&! %6**R! /=-/
0%++0!>*.!27i!?-&!?-..Q!-!$.(?%!*>!23i!*.!=()=%.!(&!,('%*!>*.<4
K('%*! $.*'P?/0! ?-&! -+0*! 6%! -! +*/! >-0/%.! /*! ?.%-/%! /=-&! $.(&/%'
<-/%.(-+4! V=%.%-0! (/! <-Q! /-R%! 0%,%.-+! 1%%R0! *.! <*&/=0! /*! ?.%-/%
$.(&/%'!/.-(&(&)!<-/%.(-+0;!/=-/!0-<%!/.-(&(&)!(&!,('%*!>*.<!*>/%&!/-R%0
_P0/!0%,%.-+!'-Q04!L&!>-?/;!LO,%!?.%-/%'!&P<%.*P0!,('%*!$.*'P?/0!>*.!6*/=
<Q0%+>! -&'! ?+(%&/0! *,%.! -! 0(&)+%! 1%%R%&'4! L&! /=%! *+'! '-Q0;! 1=%&
%,%.Q/=(&)!1-0!988!$%.?%&/!1.(//%&;!(/!1*P+'!=-,%!/-R%&!<%!<*&/=04
`P/!/=%.%O0!-&*/=%.!-&?(++-.Q!6%&%>(/!*>!'%,%+*$(&)!1%6!,('%*!0R(++04
D&'! (/! -''.%00%0! -! <-.R%/! /=-/! ?*P+'! &*/! 6%! -&Q<*.%! 1('%! *$%&4
V=-/O0!/=%!<-.R%/^!].%-/(&)!,('%*0!>*.!*/=%.!1%60(/%!*1&%.04!L!?-++!(/

5!670/8!)7()-314&/-9'
F=%.%!-.%!6(++(*&0!*>!1%60(/%0!*&!/=%!(&/%.&%/4!H6,(*P0+Q;!&*/!-++!*>!/=%
0(/%0! -.%! 6P0(&%00\.%+-/%';! -&'! &*/! -++! *>! /=%! 1%60(/%! *1&%.0! 1-&/
,('%*4!`P/!/=%.%!(0!-!,-0/!<-.R%/!(&!1=(?=!0(/%0!-.%!6P0(&%00\.%+-/%';
/=%!*1&%.0!1-&/!,('%*;!-&'!/=%Q!1-&/!0*<%*&%!/*!'*!(/!>*.!/=%<4!F=%
$.*6+%<!(0!/=-/!/=%.%!-.%!&*/!%&*P)=!$%*$+%!*P/!/=%.%!1=*!?-&!$.*,('%
/=%0%! 0%.,(?%0! >*.! /=%<4! `P/! >*.! /=*0%! 1=*! ?-&;! (/! ?-&! 6%! -! ,%.Q
+P?.-/(,%!$.*$*0(/(*&4

Z*.!%Y-<$+%;!/=%!-,%.-)%!?*0/!/*!=-,%!-!1%6!,('%*!$.*>%00(*&-++Q
0=*/;!%'(/%';!-&'!$.*'P?%'!(0!2:;8884!F=-/O0!_P0/!>*.!/=%!,('%*4!V=-/!(>
/=%!?+(%&/!1-&/0!=%+$!1(/=!,('%*!#NH;!1%60(/%!'%0()&;!*.!<-.R%/(&)^
F=*0%!-.%!-++!,-+P%\-''%'!0%.,(?%0!/=-/!Q*P!?-&!$.*,('%!>*.!-''(/(*&-+
>%%04
F=%!<-.R%/!(0!'%>(&(/%+Q!*P/!/=%.%!-&'!1-(/(&)!(>!Q*PO.%!1(++(&)!/*!)*
->/%.! (/4! L! =-,%! 0/P'%&/0! 1=*! .()=/! &*1! -.%! -?/(,%+Q! %-.&(&)! /=%! >%%0! L
'%0?.(6%4!D&'!0*<%!%,%&!=-,%!/*!/P.&!-1-Q!1*.R!6%?-P0%!/=%Q!-.%!0*
6**R%'4

()%*.3-3/%*&C*9%:*"#$%&
F=%.%! (0! $%.=-$0! -&! %,%&! <*.%! ?*<$%++(&)! .%-0*&! >*.! '%,%+*$(&)
,('%*! 0R(++04! k()=/! &*1! 1=%&! 1%! 1-/?=! 1%6! ,('%*! %(/=%.! >*.
%&/%./-(&<%&/!*.!%'P?-/(*&;!1%!0(/!'*1&!-/!*P.!?*<$P/%.0!/*!'*!(/4!`P/
(&!/=%!&*/\0*\'(0/-&/!>P/P.%;!1%!1(++!6%!1-/?=(&)!(/!'(.%?/+Q!>.*<!*P.!FK0;
/**4!L&!>-?/;!(/!-+.%-'Q!=-0!-!&-<%a!:;<=4
D?/P-++Q;!Q*P!?-&!-+.%-'Q!1-/?=!1%6!,('%*!*&!Q*P.!FKj!(/O0!_P0/!/=-/
/=%! /%?=&*+*)Q! (0! -! 6(/! +(<(/%';! ?*&>P0(&);! -&'! 6P+RQ4! `P/! /=(0! (0
?=-&)(&)!>-0/4![%1!/%+%,(0(*&0!-.%!-+.%-'Q!6%(&)!<-&P>-?/P.%'!/=-/!1(++
-P/*<-/(?-++Q!$+-Q!1%6!,('%*4
F=(0!<%-&0!Q*P.!-P'(%&?%cQ*P.!?+(%&/0!-&'! $.*0$%?/(,%! ?+(%&/0c
1(++!%,%&/P-++Q!6%!-6+%!/*!0(/!*&!/=%(.!?*P?=%0;!>+($!/=.*P)=!/=%!1%6!1(/=
/=%(.!.%<*/%0;!-&'!$P++!P$!Q*P.!,('%*04!D&'!(>!Q*P!'*!-&Q!/Q$%!*>!$-('\
>*.!,('%*0;!/=%QO++!6%!-6+%!/*!*.'%.!/=*0%;!/**;!*&!'%<-&'4
L/! ?%./-(&+Q! 1*&O/! =-$$%&! *,%.&()=/;! 6P/! (/! 1(++! =-$$%&4! D&'! (/O0
%Y$%?/%'!/=-/!/=(0!?*&,%.)%&?%!*>!1%6!,('%*!-&'!/%+%,(0(*&!1(++!?=-&)%
/=%!1-Q!1%!/=(&R!*>!/%+%,(0(*&4

9%:*"#$%&*P%Q%=;*-)%*M=8I#0@*.#%=$*C&/*-)%*P#--=%

R3I
V%6!,('%*!)(,%0!-&Q!-,%.-)%!$%.0*&!/=%!0-<%!.%-?=;!(&>+P%&?%;!-&'
*$$*./P&(/(%0!$.%,(*P0+Q!%&_*Q%'!6Q!*&+Q!+-.)%!?*.$*.-/(*&0!-&'!<%'(?*<$-&(%04!Z*.!%Y-<$+%;!1=%&!(&!0$.(&)!788A!I&(/%'!D(.+(&%0!6.*R%
/=%!6%+*,%'!)P(/-.!*>!-!)%&/+%<-&!&-<%'!M-,%!]-..*++;!=%!/.(%'!(&!,-(&
>*.!&%-.+Q!-!Q%-.!/*!)%/!/=%<!/*!<-R%!)**'!*&!=(0!'-<-)%!?+-(<4!G%
>(&-++Q! 6%?-<%! 0*! >%'! P$! /=-/! =%! <-'%! -! <P0(?! ,('%*! '%/-(+(&)! =(0
%Y$%.(%&?%! 1(/=! I&(/%'! D(.+(&%04! L/! 6%?-<%! -&! *,%.&()=/! 0%&0-/(*&;
'.-1(&)! /=%! -//%&/(*&! *>! <-_*.! &%10! *P/+%/0;! &%10$-$%.0;! -&'! %,%&
][[4!I&(/%'!D(.+(&%0!&*/!*&+Q!%&'%'!P$!1(/=!%))!*&!/=%(.!>-?%;!6P/!)*/
<(++(*&0! (&! >.%%! -',%./(0(&)c#447 -!9#&/0!'! F=(0! 1*P+'! &*/! =-,%! 6%%&
$*00(6+%!_P0/!/=.%%!Q%-.0!-)*4!E(R%!L!0-(';!1%6!,('%*!=-0!+%,%+%'!/=%
$+-Q(&)!>(%+'!>*.!/=%!+(//+%!)PQ4
H.!+%/O0!+**R!-/!/%+%,(0(*&!-',%./(0(&);!/=%!=*+Q!).-(+!*>!/=%!-',%./(0(&)
1*.+'4! L/O0! &*/! ?=%-$c1%++! *P/! *>! /=%! .%-?=! *>! <*0/! 0<-++\6P0(&%00
*1&%.0;! %0$%?(-++Q! >*.! &-/(*&-+! 0$*/04! D&'! P&+%00! Q*PO.%! 0%++(&)! $.*'P?/! /=.*P)=! '(.%?/! .%0$*&0%;! Q*P! =-,%! &*! ('%-! =*1! 1%++! Q*P.
?-<$-()&!-?/P-++Q!$%.>*.<%'4!V(/=!1%6!,('%*;!(/O0!-&!%&/(.%+Q!'(>>%.%&/
0/*.Q4!S*P!?-&!.%-?=!-!)+*6-+!-P'(%&?%!-/!+(//+%!*.!&*!?*0/4!L&!>-?/;!/*$
,('%*! $*'?-0/%.0! =-,%! =P&'.%'0! *>! /=*P0-&'0! *>! $%*$+%! ,(%1! /=%(.
,('%*0!!0!$27 8#2'!D&'! /=%Q! R&*1! <P?=! <*.%! -6*P/! /=*0%! ,(%1%.0;
>.*<!1=%.%!/=%Q!?-<%!>.*<!/*!1=-/!6.*10%.!/=%Q!1%.%!P0(&)4
`P/! =%.%O0! /=%! 6*//*<! +(&%a! (/O0! &*/! *>/%&! /=-/! -! /%?=&*+*)Q! ?*<%0
-+*&)!/=-/!(0!-??%00(6+%!/*!%,%.Q*&%;!'*-6+%!6Q!%,%.Q*&%;!-&'!'%0(.%'
6Q! %,%.Q*&%4! V%6! ,('%*! =-$$%&0! /*! 6%! -++! *>! /=*0%! /=(&)04! d%*$+%
1-&/!(/4!F=%Q!=-,%!-&!(&0-/(-6+%!-$$%/(/%!>*.!(/4!D&'!%,%&!0*<%*&%!1=*
=-0!&%,%.!/*P?=%'!-!?-<%.-!(&!=(0!*.!=%.!+(>%!=-0!/=%!-6(+(/Q!/*!$.*,('%
(/4!F=%!*&+Q!/=(&)!Q*P!=-,%!/*!'*!(0!$(?R!P$!-!?-<%.-!-&'!0/-./4!F=%&
&%,%.!bP(/4
D>/%.! /.-(&(&)! /=*P0-&'0! *>! $%*$+%! -?.*00! /=%! 1*.+'! *&! =*1! /*
?.%-/%;!)%/!/.->>(?!>.*<;!-&'!$.*>(/!>.*<!1%6!,('%*;!L!?-++!/%++!Q*P!1(/=*P/
-! '*P6/! /=-/! /=*0%! 1=*! >(&'! 0P??%00! -+1-Q0! >*++*1! /=%0%! $.(&?($+%0a
/=%Q!0/*$!/=(&R(&)!-6*P/!(/;!/=%Q!0/-./!'*(&)!(/;!-&'!/=%Q!&%,%.!bP(/4

#*!&*1!(/O0!Q*P.!/P.&4!D&'!/=%!bP%0/(*&!Q*P!&%%'!/*!-0R!Q*P.0%+>!(0
/=(0a!1*P+'!Q*P!.-/=%.!+**R!6-?R!-!Q%-.!>.*<!&*1!-&'!0-Q;!"L!1(0=!L!=-';C
*.;!"LO<!)+-'!L!'('C^

!
"#$%&'()*%*+,-'%.*/$0'%*1,.'-2*3,#*4,5#
6#)%('7%&',(
!"#$%& '()*$+,-& ./"& 01& '2,*$#3-& $45+2(%,& 6*26& 75$05+$& 6$%8& 60
(%6$#5#$6& *29(%:& 6*$& !#(:*6;& 60& $45#$,,& 6*$<,$+9$,& 0%+(%$& 2,
(<5+3(%:& 2& +2)=& 01& )0%,$>?$%)$,& @*$%& 6*$3& ,23& ,6?5(8& 6*(%:,AB
C*26B,&%06&6*$&)2,$A;
!
"#$%&'(!)$*+',
-%./01.(2!34!5(2.%($&!6$&.(2!7$($8.9.(2

D"& EFG& H/& IFJ/& K//L& E".MDNLO& 0%& *0@& 30?& )2%& 5$#,0%2++3
*29$& 2& P$%Q+(=$& $45$#($%)$& ?,(%:& ,0)(2+& <$8(2A& K?6& @*26& *255$%,
@*$%&30?#&$<5+03$$,&,62#6&6@$$6(%:&2%8&)#$26(%:&E2)$R00=&52:$,S
H*26& *255$%,& (1& 6*$3& ,5(++& )0<52%3& ,$)#$6,S& H*26& *255$%,& (1& 6*$3
+$29$T2%8&<23R$&%06&0%&6*$&R$,6&01&6$#<,S&C*$&R$,6&2)6(0%&(,&60&62=$
5#$)2?6(0%A& I29(%:& 2& ,0)(2+& <$8(2& 50+()3& (%& 5+2)$& (,& 2=(%& 60& ,$66(%:
$45$)626(0%,A& N1& N& )0?+8& ,?<& ?5& 6*(,& @*0+$& )*256$#-& NB8& ,23& 2& ,0)(2+
<$8(2& 50+()3& (,& 2R0?6& R$(%:& ,<2#6& 2%8& ?,(%:& )0<<0%& ,$%,$A& F%8
,0<$&)0<52%($,&*29$&U?,6&6*26&50+()3V&D0-&30?&*29$&6@0&)*0()$,&*$#$A
"%$-&30?&)2%&8$)(8$&6*26&30?&@(++&U?,6&6#?,6&30?#&6$2<&60&?,$&)0<<0%
,$%,$&2%8&R$&,<2#6&2R0?6&@*26&6*$3&5?6&0%+(%$A&N6&(,&,(<5+$-&2%8&+06,&01
)0<52%($,&80&?,$&6*26&<$6*08A&C@0-&30?&)2%&)#$26$&2%8&(<5+$<$%6&2
<0#$&5#$)(,$&50+()3&,0&$9$#30%$&=%0@,&@*26&6*$&#?+$,&2#$A&N&?,$&@0#8,
+(=$&50+()3&2%8&#?+$,&9$#3&+00,$+3A&N&6*(%=&6*$3&)2%&016$%&)0%%06$&2&9$#3
,6#()6& (%6$#5#$626(0%-& R?6& 6*26& (,& %06& @*26& N& 2<& 6#3(%:& 60& (<5#$,,& *$#$A
C*(%=& 01& 50+()3& 2,& ,?::$,6$8& :?(8$+(%$,& 2%8& #?+$,& 2,& !*0@& 60& 5+23
,<2#6A;
G$<$<R$#-&#$:0(8!$!/3;0$&!9.10$!-3&0;'!0(!-&$;.!13./!(32!9.$(

2#$2! '3*! 8.2! 23! 10;2$2.! '3*%! 09$8.<! =*2! '3*! 13! 8.2! 23! 0(2.%$;2
%./-3(/0+&'!0(!2#.!;3(:.%/$203(!2#$2!10;2$2./!'3*%!09$8.<&F%8-& 30?
:$6&60&*$+5&30?#&$<5+03$$,&80&6*$&,2<$A&C*$#$&2#$&:#$26&R$%$1(6,&60
60823B,&6$)*%0+0:3&2%8&(6,&@(8$,5#$28&?,$-&R?6&6*$#$&2#$&2+,0&,0<$
#(,=,-& 2,& 8()626$8& R3& G2U& '2+(=& 01& L$6@0#=& D0+?6(0%,
WR+0:A%$6@0#=,0+?6(0%,A)0<XYZZ[X,4,@Q10++0@Q?5Q)0#50#26$Q,0)(2+Q

<$8(2Q:?(8$+(%$,\A& F,& '2+(=& ,23,-& ?%2?6*0#(]$8& 0#& (%255#05#(26$

)0<<$%62#3&0#&50,6,&0%+(%$&)2%^
_& O$6& 6*$& )0<52%3-& 2%8& 30?-& (%60& +$:2+& 6#0?R+$& @(6*& 6*$& M%(6$8
D626$,& 2%8& 06*$#& :09$#%<$%6& 2:$%)($,-& 06*$#& )0<52%($,)?,60<$#,-&0#&6*$&:$%$#2+&5?R+()
_& `(<(%(,*& 6*$& )0<52%3B,& R#2%8& %2<$& R3& )#$26(%:& %$:26(9$
5?R+()(63& 10#& 6*$& )0<52%3-& 0@%$#,-& 2%8& 52#6%$#,& 2,& @$++& 2,
30?#,$+1&0#&30?#&6$2<
_& .2?,$& 82<2:$& 60& 6*$& )0<52%3& R3& #$+$2,(%:& %0%5?R+()
(%10#<26(0%&0#&5#05#($62#3&(%10#<26(0%
_& .0,6& 6*$& )0<52%3& 6*$& 2R(+(63& 60& :$6& 526$%6,& 0#& ?%8$#<(%$& (6,
)0<5$6(6(9$&2892%62:$
_&.0,6&30?&30?#&U0R&26&6*$&)0<52%3
C*$&10++0@(%:&2#$&6$%&,6$5,&60&)#$26(%:&30?#&0@%&,0)(2+&<$8(2&50+()3A
aA&8$-'0$*9:$#$*2,5*;&%(0<&F&50+()3&(,&0%+3&2,&:008&2,&6*$
)0<52%3&6*26&(<5+$<$%6,&(6A&/,,$%6(2++3-&6*$&+(%$,&2#$&8#2@%2%8&30?&*29$&60&62=$&2&,62%8A&I0@&12#&(,&30?#&)0<52%3&@(++(%:&60
:0&(%&6*$&,0)(2+&<$8(2&,5*$#$S&H(++&30?&)*00,$&60
)0<<?%()26$&0%+3&(%&#$2)6(0%&60&@*26&,0<$0%$&$+,$&,23,S&H(++
30?&R$&5#02)6(9$&(%&$%:2:(%:&6*$&)0<<?%(63&W)0%,?<$#,&2%8
R+0::$#,\S&H(6*0?6&2%&09$#2++&266(6?8$&2R0?6&,0)(2+&<$8(2-&(6&)2%
R$&9$#3&*2#8&60&)#$26$&2&50+()3A&C*(,&80$,%B6&*29$&60&R$&2&9$#R2+
,62%)$-&R?6&(6&,*0?+8&R$&2&52#6&01&30?#&)0<52%3B,&)?+6?#$A&E0#
$42<5+$-&P2550,-&2&9$#3&,?))$,,1?+&0%+(%$&,*0$&,60#$$%)0?#2:$,&2++&6*$(#&$<5+03$$,&60&52#62=$&(%&,0)(2+&<$8(2A&N%
12)6-&bZZ&0?6&01&6*$(#&cZZ&$<5+03$$,&2#$&0%&C@(66$#A&C*$(#
,62%)$&(,&6*26&$9$#30%$&U?<5,&(%T2%8&6*$%&?,$,&*(,&0#&*$#&0@%
)0<<0%&,$%,$A&N6&,$$<,&60&R$&@0#=(%:&10#&6*$<&,0&12#V
YA&8$&$#='($*9:%&*-,(;&'&5&$;*;,-'%.*=$0'%<&F&R+0:&2%8
d(%=$8+%&<23&$2,(+3&R$&)26$:0#(]$8&2,&,0)(2+&<$8(2-&R?6&@*26
2R0?6&0%+(%$&9(8$0S&H*26&2R0?6&C@(66$#S&H*26&#$2++3&)0%,6(6?6$,
,0)(2+&<$8(2S&e0?&<?,6&*29$&30?#&0@%&W5#$1$#2R+3&@#(66$%\
8$1(%(6(0%A&C*(,&(,&$,5$)(2++3&6#?$&R$)2?,$&%$@&@$R,(6$,&2%8
600+,&$<$#:$&2++&6*$&6(<$A&'3&5$#,0%2+&8$1(%(6(0%&01&,0)(2+
<$8(2&(,&2%3&@$R,(6$&0#&<$8(?<&W(%)+?8(%:&9(8$0\&6*26&2++0@,
10#&)0<<?%()26(0%&(%&6*$&05$%A&d$6B,&,23&6*26&30?&6$++&30?#
$<5+03$$,&60&%06&<$%6(0%&2%&?5)0<(%:&<$#:$#&?%6(+&30?&2#$
#$283&60&2%%0?%)$&(6A&I0@$9$#-&6@0&$<5+03$$,&)*26&2R0?6&(6
@(6*&$2)*&06*$#&9(2&8(#$)6&<$,,2:(%:&0%&C@(66$#-&2%8&R$)2?,$

01&2&:+(6)*-&6*$&<$,,2:$&(,&<28$&5?R+()A&`(8&6*$3&R#$2=&2&#?+$0#&80&8(#$)6&<$,,2:$,&0%&,0)(2+&<$8(2&)0%,6(6?6$&2&5#(926$
10#?<S
fA&".%#'32*9:,*,9(;*9:%&<&`0$,&30?#&)0<52%3&*29$&2
E2)$R00=&52:$&6*26&(,&*2%8+$8&R3&6*$&*$28&01&IGS&H*26
*255$%,&@*$%&6*26&5$#,0%&+$29$,S&H*0&0@%,&6*26&52:$S&C*26
)0%6$%6S&g2<$,&.A&G0R$#6,&NNN&01&O+0R2+&.25(62+&O#0?5&d2@
011$#,&6*(,^&!N1&6*$#$&(,&2%&011$#&+$66$#&0#&$<5+03<$%6&)0%6#2)6-&(6
@0?+8&%0#<2++3&,626$&@*0&0@%,&@*26&W?,?2++3&6*$&)0<52%3\A
FR,$%6&6*26-&6*$&+2@&)0?+8&8$12?+6&60&0@%$#,*(5&R3&6*$&)0<52%3
WR?6&8$5$%8(%:&?50%&6*$&,626$\A&"%&6*$&06*$#&*2%8-&(1&6*$
)0<52%3&*2,&6?#%$8&2&R+(%8&$3$&60&5$#,0%2+&?,$&8?#(%:&@0#=
*0?#,&6*$%&(6&)0?+8&R$&2662)=$8A&F%8-&(6&@(++&8$5$%8&?50%&6*$
$46$%6&60&@*()*&@*26&(,&)#$26$8&(,&R2,$8&0%&)0<52%3&5#05$#63
WNh\A;&WL06$^&C*(,&(,&%06&60&R$&)0%,6#?$8&2,&+$:2+&289()$A&h+$2,$
)0%,?+6&@(6*&30?#&0@%&2660#%$3&10#&289()$&,5$)(1()&60&30?#
)0<52%3A\&C0&=$$5&6*(%:,&,(<5+$-&<2=$&,?#$&30?#&$<5+03$$,
=%0@&@*26&(,&6*$(#,&2%8&@*26&R$+0%:,&60&6*$&)0<52%3A
bA&>$$?*-,(3'0$(&'%.*'(3,#=%&',(*?#'@%&$<&F+6*0?:*&06*$#
)0<52%3&50+()($,&<23&288#$,,&6*$&(,,?$&01&=$$5(%:&5#05#($62#3
2%8&5$#,0%2+&(%10#<26(0%&)0%1(8$%6(2+-&(6&%$9$#&*?#6,&60
#$288#$,,&(6&(%&6$#<,&01&,0)(2+&%$6@0#=(%:A&K$)2?,$&01&6*$
)2,?2+&%26?#$&01&6*$,$&,(6$,-&(6&(,&$2,($#&60&:(9$&2@23&=$3
(%10#<26(0%&@(6*0?6&#$2+(](%:&(6A&/9$%&5#(926$&<$,,2:$,&2#$%B6
2+@23,&,$)?#$A&/2)*&,(6$&(,&*2,&(6,&0@%&12++(R(+(6($,A&N6&(,&R$,6&60
%$9$#&,*2#$&2%3&)0%1(8$%6(2+&0#&5#05#($62#3&(%10#<26(0%&?,(%:
,0)(2+&<$8(2T5?R+()+3&0#&5#(926$+3A
iA&8$-'0$*9:,*';*#$;?,(;'A.$<&F+6*0?:*&(6&(,&(<50#62%6&6*26
$9$#30%$&?%8$#,62%8,&6*$&)0<52%3B,&,0)(2+&<$8(2&50+()3-&(6&(,
2+,0&(<50#62%6&6*26&0%$&5$#,0%&0#&2&6$2<&01&5$05+$&R$
#$,50%,(R+$&10#&<2%2:(%:&,0)(2+&<$8(2&$110#6,A&N1&2&)?,60<$#
80$,&<2=$&2&5?R+()&)0<5+2(%6-&@*0&@(++&2%,@$#&(6S&`0&6*$3
%$$8&60&10#@2#8&6*26&60&2%06*$#&8$52#6<$%6S&D0)(2+&<$8(2
<2%2:$<$%6&80$,%B6&2?60<26()2++3&12++&?%8$#&6*$&U0R&8$,)#(56(0%
01&6*$&@$R&8$9$+05$#-&hG&5$#,0%-&0#&IG&<2%2:$#A&F++
$<5+03$$,&,*0?+8&R$&$%)0?#2:$8&60&(%6$#2)6&2%8&#$5#$,$%6&6*$
R#2%8-&R?6&6*$#$&,*0?+8&R$&0%$&0#&2&1$@&@*0&2#$&5#02)6(9$+3
*2%8+(%:&>?$#($,A&C*$&R$,6&@23&60&1(%8&2&,0)(2+&<$8(2&2890)26$
@(6*(%&6*$&)0<52%3&(,&60&,$$=&0?6&6*$&0%$&5$#,0%&0#&6$2<&01
5$05+$&@*0&2#$&<0,6&52,,(0%26$&2R0?6&)0<<?%()26(%:&@(6*

)?,60<$#,&(%&,?)*&2&<2%%$#A&C*$3&<23&2+#$283&R$&80(%:&,0
@(6*0?6&30?#&=%0@(%:&(6A&D$$=&0?6&6*0,$&5$05+$-&2%8&6#2(%&6*$<
@$++A
jA&8'-&%&$*&:$*#5.$;*,3*$()%)$=$(&*9'&:,5&*A$'()*%*0'-&%&,#<
N6&(,&2&1(%$&+(%$&60&@2+=T2++0@(%:&$<5+03$$,&6*$&1#$$80<&60
$%:2:$&2%8&5#06$)6(%:&6*$&)0<52%3&26&6*$&,2<$&6(<$A
I0@$9$#-&(6&)2%&R$&80%$A&e0?&)2%B6&,605&$<5+03$$,&1#0<
)0<<?%()26(%:&?,(%:&6*$&%$@&<$8(?<,-&R?6&30?&)2%&,$6&,0<$
:#0?%8&#?+$,&6*26&@0#=&10#&$9$#3R083B,&R$%$1(6A&C2=$&2&+00=&26
N%6$+B,&,0)(2+&<$8(2&50+()3&26
@@@A(%6$+A)0<X,(6$,X,(6$@(8$X$%kMDX,0)(2+Q<$8(2A*6<A&C*$
/<$#:(%:&C$)*%0+0:3&`$52#6<$%6&26&6*$&F(#&E0#)$&*2,&)#$26$8
2&1+0@)*2#6&01&6*$(#&0@%&:?(8$+(%$,-&@*()*&30?&)2%&9($@&26
*665^XX1#$,*,506A635$528A)0<XA2Xj2ZZ8lfbia1Yf2j[$YZaZifji1"8jY[cZRQ
505?5A&e0?&)2%&2)6?2++3&2))$,,&2&8262R2,$&1?++&01&,0)(2+&<$8(2
50+()($,&*$#$^&*665^XX,0)(2+<$8(2:09$#%2%)$A)0<X50+()($,A5*5A
cA&B00#$;;*&%A,,*&,?'-;<&F+6*0?:*&30?#&$<5+03$$,&5#0R2R+3
2+#$283&$4$#)(,$&:008&)0<<0%&,$%,$&@*(+$&52#6()(526(%:
0%+(%$-&(6&%$9$#&*?#6,&60&)+2#(13&,5$)(1()2++3&@*26&(,&011&+(<(6,A&G2U
'2+(=&01&L$6@0#=&D0+?6(0%,&011$#,&6*(,&52#6(2+&+(,6^
_&C05(),&2R0?6&@*()*&6*$&)0<52%3&(,&(%90+9$8&(%&+(6(:26(0%
0#&)0?+8&R$&(%&6*$&1?6?#$&W$A:A-&50+()3-&)?,60<$#
8(,5?6$,-&$6)A\
_&L0%5?R+()&(%10#<26(0%&01&2%3&=(%8&2R0?6&6*$&)0<52%3(%)+?8(%:-&R?6&%06&+(<(6$8&60-&50+()($,&2%8&,6#26$:3
_&N++$:2+&0#&R2%%$8&,?R,62%)$,&2%8&%2#)06(),
_&h0#%0:#25*3&0#&06*$#&011$%,(9$&(++$:2+&<26$#(2+,
_&`$12<260#3-&+(R$+0?,-&011$%,(9$-&0#&8$<$2%(%:&<26$#(2+
_&h#(926$X5$#,0%2+&<266$#,&01&30?#,$+1&0#&06*$#,
_&`(,52#2:(%:X6*#$26$%(%:&)0<<$%6,&2R0?6&0#&#$+26$8&60
2%30%$
_&h$#,0%2+-&,$%,(6(9$-&0#&)0%1(8$%6(2+&(%10#<26(0%&01&2%3
=(%8
lA&C%@$*%*;2;&$=*3,#*=,('&,#'()*&:$*;,-'%.*;?:$#$<&F&,0)(2+
<$8(2&50+()3&80$,%B6&80&<?)*&:008&(1&30?&80%B6&2)6?2++3&<0%(60#
6*$&,52)$&@*$#$&6*$&)0%9$#,26(0%&(,&*255$%(%:A&C*$#$&2#$
5+$%63&01&1#$$&2%8&52(8&600+,&60&<0%(60#&6*$&0%+(%$&,52)$A&C*$#$
2#$&2+,0&1(#<,&+(=$&0?#,&6*26&011$#&#$5?626(0%&<2%2:$<$%6
,$#9()$,A

[A&/%D$*&#%'('()*$%;'.2*%@%'.%A.$<&C*(%=&@(%Q@(%A&L0R083&+(=$,&60
R$&R0,,$8&2#0?%8-&$,5$)(2++3&@*$%&(6&)0<$,&60&*(,&0#&*$#&0@%
,0)(2+&%$6@0#=(%:A&I0@$9$#-&<0,6&5$05+$&2#$&9$#3&05$%&60
+$2#%(%:&2R0?6&*0@&60&R$66$#&+$9$#2:$&,0)(2+&<$8(2&,(6$,&60
1?#6*$#&6*$(#&0@%&)2#$$#,&2%8&R#2%8,A&'0,6&5$05+$&@*0&<2=$
<(,62=$,&0%+(%$&U?,6&80%B6&=%0@&2%3&R$66$#A&N1&30?&$45$)6&30?#
$<5+03$$,&60&?6(+(]$&6*$&,0)(2+&%$6@0#=(%:&600+,&5#05$#+3-&30?
<?,6&5#09(8$&6#2(%(%:A&H*26&6*$3&5?6&0?6&6*$#$&(,%B6&U?,6&2
#$1+$)6(0%&01&6*$&)0<52%3m&(6&(,&2+,0&2&#$1+$)6(0%&01&6*$<A&'2=$&(6
2&@(%Q@(%&10#&$9$#3R083A
aZA&C%@$*%*-#';';*?.%(<&d$6B,&,23&30?&*29$&2&5$#1$)6&,0)(2+&<$8(2
50+()3&(%&5+2)$A&H*26&*255$%,&(1&2%&$<5+03$$&R#$2)*$,&(6S
H*26&*255$%,&(1&6*$&5$05+$&30?&+2(8&011&8$)(8$&60&,62#6&2
E2)$R00=&*26$&:#0?5S&"#&(1&2&8(,:#?%6+$8&)?,60<$#&)#$26$,&2
e0?C?R$&9(8$0&W*$3-&(6&*255$%$8&60&M%(6$8&F(#+(%$,V\S&C*$
@0#,6&2)6(0%&(,&(%2)6(0%A&e0?&<?,6&2)6&(<<$8(26$+3&(1&2&)#(,(,
0))?#,A&N:%0#(%:&(6T0#-&@0#,$-&6#3(%:&60&R?#3&(6T@(++&0%+3
(%)#$2,$&6*$&R2)=+2,*A&N8$2++3-&30?&*29$&2+#$283&R$$%&5#02)6(9$
(%&30?#&$110#6,A&e0?&*29$&2&)0<52%3&R+0:-&30?&*29$&2&C@(66$#
2))0?%6-&2%8&30?&*29$&,0<$&(%1+?$%)$#,&2,&1#($%8,&@*0&@(++
90?)*&10#&30?#&)0<52%3A&/(6*$#&@23-&30?&@(++&%$$8&60&62=$
)0##$)6(9$&2)6(0%&#(:*6&2@23A&E(#,6-&)0%62)6&6*$&5$#,0%
#$,50%,(R+$A&F50+0:(]$-&)+2#(13-&2%8&80&@*26&30?&%$$8&60&80&60
#$)6(13&6*$&<(,62=$A&D$)0%8-&<2=$&2&5?R+()&2%%0?%)$<$%6
250+0:(](%:&2%8&)+2#(13(%:A&F+,0-&288#$,,&,6$5,&5?6&(%60&5+2)$
6*26&@(++&=$$5&,?)*&2&8$R2)+$&1#0<&0))?##(%:&2:2(%A&N%&,0)(2+
<$8(2-&6#2%,52#$%)3&(,&)#?)(2+A&C*(,&(,&@*3&,6$5&a&(,-&@$++-&,6$5
a^&8$)(8$&@*$#$&30?&,62%8A

!
"#$%&'(#)*+,#*&#-*.%'(#/0,%'1!2**(3#4*+
"55+'.5%&6!780&!!"#$!9:3%&033
"#$%!&'(!)*!+,(!-)*.&/)0)+1!.(2&'+3(*+4!5,(!3&'6(+)*7!.(2&'+3(*+!)8
.(&.49
!
"#$$!%&'(&)*
+(,)-,+./!'#(!0123"!4#556),-.7,#)8

:;<=>;! ?;! <@A@BC! DEF! @! G&*+! +$! 7)H(! 1$%! &! -(G! 3$'(! +$$08! -$'
3&6)*7!+,(!3$8+!$-!8$I)&0!3(.)&!3&'6(+)*74

;&506+'5%&6#<*:+#-*.%'(#/0,%'#744*+53
=*(! $-! +,(! /)77(8+! 8+'%770(8! 2($20(! -&I(! )*! 3&'6(+)*7! G)+,! 8$I)&0
3(.)&!)8!-)7%')*7!$%+!,$G!)+!&00!+)(8!+$7(+,('4!C$G!.$(8!8$I)&0!3(.)&!-)+
)*! G)+,! $*0)*(! 3&'6(+)*7J! ?,&+! .$(8! +,(! /)7! 2)I+%'(! 0$$6! 0)6(J! #$%
G&*+!+$!)*+(7'&+(!1$%'!8$I)&0!3(.)&!(--$'+8!*$+!$*01!+$!8&H(!+)3(F!/%+!+$
'(&I,!(H(*!3$'(!2($20(!+,&*!1$%!+,$%7,+!2$88)/0(4!K(+L8!+&6(!&!0$$6!&+
8$3(!G&18!1$%!I&*!+)(!)*!1$%'!8$I)&0!3(.)&!(--$'+84

=08*(80#<*:+#744*+53#"+*:&,#<*:+#)0>3%50
5,)8! )8! 1$%'! ,$3(! /&8(MG,('(! &00! +,(! &I+)$*! 8,$%0.! $II%'4!N8! @LH(
3(*+)$*(.F!1$%!8,$%0.!.$!(H('1+,)*7!1$%!I&*!+$!$'7&*)O(!1$%'!8$I)&0
3(.)&!3&'6(+)*7!(--$'+8!&'$%*.!.)'(I+)*7!+'&--)I!+$!1$%'!G(/8)+(4
C$G(H('F!1$%!I&*!&08$!%8(!1$%'!G(/8)+(!+$!0(+!H)8)+$'8!6*$G!&/$%+

G,&+!8$I)&0!3(.)&!8)+(8!1$%L'(!)*H$0H(.!G)+,F!7)H)*7!+,(3!+,(!I,&*I(!+$
6((2!)*!+$%I,!G)+,!1$%!)*!$+,('!G&184!<&I(/$$6F!5G)++('F!&*.!K)*6(.0*
&00! 2'$H).(! /&.7(8! $'! /%++$*8! 1$%! I&*! 20&I(! $*! 1$%'! G(/8)+(F! G,)I,
&00$G! H)8)+$'8! +$! I$**(I+! G)+,! 1$%! $*! +,(8(! $+,('! 8)+(84! @-! 1$%! ,&H(! &
7'&2,)I!.(8)7*('!$'!&'(!$*(!1$%'8(0-F!1$%!I&*!I'(&+(!1$%'!$G*4

/'?0#;5#7'3@#5*#-A'+0#<*:+#B*&50&5
@-!1$%!,&H(!&!/0$7!$'!2$8+!&'+)I0(8!$*!1$%'!G(/8)+(F!-)*.!&!G&1!+$!(*&/0(
$*(PI0)I6!8,&')*74!5,(!(&8)('!)+!)8!+$!8,&'(!1$%'!I$*+(*+F!+,(!3$'(!0)6(01
2($20(!G)00!8,&'(4!#$%!G)00!'(&I,!8$!3&*1!3$'(!2($20(!)*!+,)8!3&**('
/1!Q%8+!0(H('&7)*7!1$%'!I%''(*+!H)8)+$'84!R)H(!1$%'!H)8)+$'8!&*!(&81!G&1
-$'!2($20(!+$!+(00!+,()'!-')(*.84!5,)8!)8!G,1!@!'(&001!0)6(!+,(!-%*I+)$*&0)+1
?$'.E'(88!2'$H).(84!@+!)8!&!/0$77)*7!20&+-$'3!+,&+!1$%!I&*!/%)0.!1$%'
(*+)'(!G(/8)+(!$*4!@-!1$%!%8(!?$'.E'(88F!1$%!I&*!&08$!.$G*0$&.!+,(
B,&'(P5,)8!20%7P)*F!G,)I,!&00$G8!H)8)+$'8!+$!(&8)01!8,&'(!1$%'!I$*+(*+!$*
+,()'!8$I)&0!3(.)&!8)+(84!@+!I&*!/(!-$%*.!&+!GGG4B,&'(5,)84!I$34
B$I)&0! /$$63&'6)*7! )8! &*$+,('! G&1! +$! -&I)0)+&+(! 8,&')*74! B$I)&0
/$$63&'6)*7F! )*! &! *%+8,(00F! &00$G8! H)8)+$'8! +$! 8,&'(! +,()'! /$$63&'68
G)+,! (&I,! $+,('4! 5,('(! &'(! G(/8)+(8! .(.)I&+(.! +$! -&I)0)+&+)*7! +,(
I$00(I+)$*!&*.!8,&')*7!$-!/$$63&'684!5,)8!)8!&!7'(&+!G&1!+$!&++'&I+!*(G
H)8)+$'8!+$!1$%'!G(/8)+(4!N0+,$%7,!+,('(!&'(!3&*1!8%I,!8)+(8!$%+!+,('(F
,('(!@!G)00!-$I%8!$*!+,(!+,'((!+,&+!@!/(0)(H(!,&H(!+,(!3$8+!2$+(*+)&0!+$
.')H(!+'&--)I!+$!1$%'!G(/8)+(4
S! -5:C>(0DE*&1! B+%3/0(D2$*! TGGG4B+%3/0(D2$*4I$3U! )8! &
7'(&+! +$$0! -$'! .')H)*7! 0$*7P+('3! +'&--)I! +$! 1$%'! G(/8)+(4! @+! )8! 31
-&H$')+(!8$I)&0!/$$63&'6)*7!8)+(F!/(I&%8(!)+!.')H(8!V%&0)+1!+'&--)I
&*.!)+!,(028!1$%!.)8I$H('!V%&0)+1!G(/8)+(84!@+!&08$!+(*.8!+$!/')*7
&!7$$.!3)W!$-!H)8)+$'84
S!F%661!X)77!TX)774I$3U!)8!&!'&+,('!-&3$%8!8$I)&0!/$$63&'6)*7
G(/8)+(F! /%+! +,(! +'&--)I! 1$%! 7(+! -'$3! )+! +(*.8! +$! /(! 8,$'+P0)H(.4
5,)*6! 8,&'2! 82)6(8! $-! V%)I6! +'&--)I4! 5,(! &%.)(*I(! $*! X)77! )8
&08$!2&'+)&0!+$!+(I,*$0$71!2)(I(84
S!X(0)I)$%8Y!X(0)I)$%8!TX(0)I)$%84I$3U!)8!8)320(!+$!%8(!&*.!,&8!&

/'$&.!&%.)(*I(4!@-!1$%!&'(*L+!-&3)0)&'!G)+,!8$I)&0!/$$63&'6)*7
8)+(8!&*.!*((.!&!8)320(!G&1!+$!7(+!8+&'+(.F!+,)8!)8!&!7'(&+!8)+(
+$!7(+!8+&'+(.!G)+,4

-@&.A+*&%G0#<*:+#-5'5:3#DE,'503#H%5A#I%&6J4C
B+&+%8!%2.&+(8F!&I'$88!&00!8$I)&0!3(.)&!8)+(8F!&'(!I'%I)&0!+$!2'(8(*+)*7
&*.!8I%02+)*7!1$%'!/'&*.4!C$G(H('F!%2.&+)*7!&00!$-!+,(3!I&*!/(!+)3(
I$*8%3)*74!5,(!/(8+!+$$0!@!,&H(!-$%*.!8$!-&'!-$'!%2.&+)*7!&00!1$%'!8+&+%8
%2.&+(8!&+!$*I(!)8!E)*74-34
@*)+)&001F! 1$%! ,&H(! +$! )*2%+! 1$%'! 0$7)*! )*-$'3&+)$*! -'$3! (&I,! $-! 1$%'
8$I)&0!3(.)&!8)+(84!5,)8!+&6(8!&! -(G! 3)*%+(84!E)*74-3!+,(*! 8&H(8! &00
+,(! 0$7)*! )*-$'3&+)$*F! &*.! +,(! *(W+! +)3(! 1$%! ,&H(! &*! )32$'+&*+
3(88&7(!+$!8(*.!$%+F!1$%!I&*!.$!8$!G)+,!Q%8+!$*(!I0)I64!#$%!0$7)*!&*.
2$8+!$*(!8)*70(!%2.&+(!)*!E)*74-34!5,(*F!+,&+!%2.&+(!)8!&%+$3&+)I&001
8(*+!&I'$88!+,(!/$&'.!+$!&00!+,(!8)+(8!+,&+!1$%!7&H(!E)*74-3!+,(!0$7)*
)*-$'3&+)$*!-$'4
5,('(! 3&1! &08$! /(! 8(&'I,! (*7)*(P'(0&+(.! /(*(-)+8! +$! 8(++)*7! %2
E)*74-3!+,&+!,&H(!1(+!+$!/(!-%001!%*(&'+,(.4!>(I(*+01F!>%+,!E(''13&*!$+,(! Z:! B2(I)&0)8+8! TGGG45,(Z:B2(I)&0)8+84I$3U! 8(*+! 3(! &*! (3&)0
.(8I')/)*7! +,(! G&1! ,('! /%8)*(88L8! R$$70(! '&*6! 8,$+! %2! &-+('! 8,(
8)7*(.!%2!-$'!E)*74-34!@!G&8!.(-)*)+(01!)*+')7%(.F!8$!@!)*+('H)(G(.!>%+,4

!
%"&'()('*"+'+,$'-)./012'3"'/$3'#4.5$(').'6""/7$'1"#'*"+#',$4#89
3$#2:
A$/$.1! '(&001! 6*$G8! G,&+! R$$70(! %8(8! +$! '&*6! 2&7(8F! &*.F
G$'8(F! )+L8! +,$%7,+! +,&+! +,()'! &07$')+,3! I,&*7(8! $-+(*4! :%+! 31
6(1!8(&'I,!+('3!"Z%)I6:$$68!(*+('2')8(9!8,$+!-'$3!,)7,('!+,&*
+G(*+1!2&7(8!T@!7&H(!%2!0$$6)*7!&-+('!+,&+U!+$!2&7(!+,'((!G)+,)*
&/$%+!&!G((6!$-!3(!8)7*)*7! %2! -$'!E)*74-3!&*.!Q$)*)*7!&00!+,(
*(+G$'6!8)+(8!+,(1!0)*6!+$4!@!/(0)(H(!+,(!0)*68!+$!31!G(/8)+(!-'$3
+,$8(! 8$I)&0! *(+G$'6)*7! 8)+(8! )8! +,(! '(&8$*! -$'! +,(! ,%7(
)*I'(&8(F!/(I&%8(!@!.).*L+!3&6(!&*1!$+,('!I,&*7(8!.%')*7!+,&+

2(')$.4!?(L'(!&08$!$*!+,(!8(I$*.!2&7(!$-!#&,$$F!&*.!$*!+,(
-)-+,!2&7(!$-![BA\K)H(!*$GF!/%+!@!I&*L+!,$*(8+01!8&1!@!6*(G!G,&+
+,(!'&*6)*7!G&8!/(-$'(F!/(I&%8(!@!*(H('!I,(I6(.4!:%+!@!/(0)(H(
)+L8!H('1!0)6(01!+,(1!G('(!&08$!+G(*+1!$'!3$'(!2&7(8!)*4!?(L'(
+)*6(')*7!G)+,!+,(!G(/8)+(!3$'(!*$G!+$!8((!)-!G(!I&*!'(20)I&+(!)+4
<$'! )*8+&*I(F! 31! 8+&--! )8! &08$! 8)7*)*7! %2! -$'!E)*74-34! @-! G(
I$*+)*%(!+$!I0)3/!%2!+,(!2&7(!'&*68F!)+L00!/(!&03$8+!I('+&)*!+,&+
+,)8!)8!+,(!I&%8(4
;943'),'*"+#'-)./012',3#43$/*:
=*(! $-! 31! -')(*.8! +$0.! 3(! &/$%+!E)*74-3! &! -(G! G((68! /&I6F
&*.! )+! 8$%*.(.! 0)6(! &! 7'(&+! G&1! +$! 3&*&7(! 5G)++('P+12(
3(88&7(8!&*.!8+&+%8!%2.&+(84!:%+!@L3!+,(!&*&0!8$'+!T7$$.!+$!/(
G,(*!1$%L'(!&*!&II$%*+&*+UF!8$!$*(!'&)*1!B%*.&1!@!G(*+!)*!&*.
&..(.!&00!+,()'!*(+G$'6)*7!8)+(8!+,&+!@!.).*L+!/(0$*7!+$4!@!2$8+(.
31!2)I+%'(F!&..(.!31!G(/8)+(F!&*.!(*+('(.!0)++0(!/)$84!@+!*(H('
(*+('(.!31!3)*.!+,&+!)+!3)7,+!)*I'(&8(!31!'&*6)*74!:%+!-$'!+,(
0&8+!8)W!3$*+,8F!@LH(!/((*!Q%8+!I,(I6)*7!R$$70(!+$!8((!)-!@!G&8!)*
+,(!+$2!+G(*+1!1(+F!$*01!+$!/(!.(*)(.!G((6!&-+('!G((6F!&*.!+,(*F
0$! &*.! /(,$0.F! 0(88! +,&*! &! G((6! &-+('! @! Q$)*(.! &00! +,$8(
*(+G$'6)*7!8)+(8F!@!G&8!8%..(*01!$*!+,(!+,)'.!2&7(4!#$%!I$%0.LH(
6*$I6(.!3(!$H('!G)+,!&!-(&+,(']!@*!-&I+F!G,(*!@!8&G!@!G&8!&08$
$*!+,(!+,)'.!2&7(!-$'!#&,$$F!@!I$%0.*L+!,(02!/%+!1(00MG&)+!-$'!)+
M"#&,$$]9!R'(&+!*&3(F!/1!+,(!G&1^!H('1!&22'$2')&+(4
<1'*"+'8"+7(',94#$'".$'3)='"#',3#43$/*'&)39'"39$#,'7""5)./'3"'("
39$',42$>'&943'&"+7(')3'?$:
_&'H(!$%+!&!.&1M&!I$0.F!'&)*1!.&1!$H('!&!G((6(*.!)8!2('-(I+^
&-+('!&00F!G,&+!(08(!&'(!1$%!7$)*7!+$!.$JM&*.!Q%8+!8+&'+!&+!+,(
+$2! $-! E)*74-3L8! 0)8+! $-! *(+G$'6)*7! 8)+(84! `$)*! +,(3F! &*.
I$320(+(! 1$%'! 2'$-)0(84!N+! +,(! H('1! 0(&8+F! 2%+! )*! 1$%'! /%8)*(88
*&3(!&*.!G(/8)+(4!@+L8!&I+%&001!&!*)-+1!0)++0(!+$$0M1$%!(*+('!$*(
abcPI,&'&I+('! 2$8+F! &*.! )+L00! 8(*.! 1$%'! 2$8+! +$! &00! +,(
3)I'$/0$77)*7! &*.! 8+&+%8! %2.&+(! 8)+(8! &%+$3&+)I&001! T1$%! I&*
I,&*7(!1$%'!.(-&%0+8!8$!)+!$*01!7$(8!+$!+,(!$*(8!1$%!I,$$8(U4
5,&+L8!&I+%&001!G,&+!@!$')7)*&001!3(&*+!+$!%8(!)+!-$'^!+,(!8%'7(!)*

2&7(!'&*6)*7!G&8!&*!%*(W2(I+(.!1(+!.(0)7,+-%0!8%'2')8(4
5,(! (&8)(8+! 2&'+! $-! 8$I)&0! 3(.)&! 3(&8%'(3(*+! )8
8)3201!I$%*+)*7!+,(!*%3/('84!?(/8)+(!H)8)+$'8F!/0$7
0)*68F! 5G)++('! 3(*+)$*8F! &*.! <&I(/$$6! -&*8! &'(! &00
*%3/('8!G$'+,!3(&8%')*74
D*-$'+%*&+(01F! +,(! *%3/('8! $*01! +(00! %8! ,&0-! $-! +,(
8+$'14! A(W+! 1$%! *((.! +$! 3(&8%'(! +,(! 8(*+)3(*+! $(&I,! $-! +,(8(! 8$I)&0! 3(.)&! I,&**(084! ?,&+
2('I(*+&7(! )8! 2$8)+)H(! H('8%8! *(7&+)H(J! N'(! 1$%'
(--$'+8! 2%8,)*7! +,&+! 8(*+)3(*+! *((.0(! )*! &! 2$8)+)H(
.)'(I+)$*J
K&8+01F!1$%!*((.!+$!I$**(I+!+,)8!&00!+$!1$%'!/$++$3
0)*(4! #$%! 6*$G! 1$%! )*I'(&8(.! +,(! *%3/('! $3(*+)$*8!$*!5G)++('F!&*.!1$%!6*$G!+,&+!+,(!3&Q$')+1
$-!+G((+8!G('(!2$8)+)H(F!/%+!.$!1$%!6*$G!,$G!3&*1
*(G!8&0(8!G('(!7(*('&+(.!&8!&!'(8%0+J
D*.('8+&*.! +,)8! +')-(I+&! $-! 8$I)&0! 3(.)&
3(&8%'(3(*+!&*.!1$%L00!8((!8%II(884

!
N*.1!:(&0F

'#6)$&(!#'!"(.-96(!:;;;<"(.-96(<-#5=!.)$!-#>
.67?#(!#'!>&.)I&001!5'&*82&'(*+
B)*I(!31!I$32&*1F!5,(![&'6(+)*7!d(*!R'$%2F!&0'(&.1!'&*68!,)7,
-$'! 3&*1! $-! $%'! +$2! 6(1G$'.8F! @! ,&H(! *$+! 1(+! +(8+(.! +,)8! 8+'&+(714
C$G(H('F!Q%8+!I0&)3)*7!1$%'!2('8$*&0!*&3(!&*.!1$%'!/%8)*(88!*&3(
$*!H&')$%8!8$I)&0!3(.)&!8)+(8!)8!&!7$$.!8+'&+(71!)*!)+8(0-4!N*.!)-!)+!.$(8
'(8%0+!)*!(W+'&!/(*(-)+8F!&8!)*!>%+,L8!I&8(F!(H(*!/(++(']

K*H#5*#/0'3:+0#<*:+#744*+53
B$I)&0!3(.)&!3(+')I8!)8!+,(!+(I,*)I&0!+('3!-$'!3(&8%')*7!1$%'!8$I)&0
3(.)&!3&'6(+)*7!(--$'+84!N*.F!1(8F!+,)8!I$%0.!&08$!/(!&!/$$6!)*!)+8(0-4
N0/('+! ;)*8+()*! $*I(! 8&).F! ";H('1+,)*7! +,&+! I&*! /(! I$%*+(.! .$(8! *$+
*(I(88&')01! I$%*+^! (H('1+,)*7! +,&+! I$%*+8! I&**$+! *(I(88&')01! /(
I$%*+(.49!B$!3%I,!$-!8$I)&0!3(.)&!)8!&/$%+!/%)0.)*7!'(0&+)$*8,)28!&*.
0(H('&7)*7!G$'.!$-!3$%+,4!C$G!.$!1$%!3(&8%'(!7$$.!G)00J!B$3(+)3(8
&!I$*8%3('!,&8!+$!,(&'!&/$%+!1$%!+(*!+)3(8!/(-$'(!,(!$'!8,(!G)00!/%14
#$%!(*7&7(!I$*8%3('8!%8)*7!3%0+)20(!I,&**(08F!8$!,$G!1$%!.$!6*$G
G,)I,!8+'&G!/'$6(!+,(!I&3(0L8!/&I6J
5,('(! &'(! 8$3(! +,)*78! 1$%! I&*! 3(&8%'(M&*.! 1$%! 8,$%0.]! 5,(
-$00$G)*7! &'(! 8$3(! 8+'&)7,+-$'G&'.! 3(+')I8! +,&+! 1$%! I&*! %8(! +$! 8+&'+
3(&8%')*7!')7,+!&G&14
S!<*:+#>*55*C#(%&01!@!&3!&0G&18!8%'2')8(.!/1!,$G!3&*1!2($20(
.$*L+!&+!0(&8+!3(&8%'(!+,()'!/$++$3!0)*(4!:1!/$++$3!0)*(!@!3(&*
,$G!3%I,!3$*(1!1$%L'(!3&6)*74!C$G!3%I,!'(H(*%(!)8!I$3)*7
)*!I$32&'(.!+$!,$G!3%I,!G&8!I$3)*7!)*!/(-$'(!1$%!8+&'+(.
%8)*7!8$I)&0!3(.)&J
B$I)&0! 3(.)&! 3&'6(+)*7! )8! I$320(WF! &*.! )+! )8! 8$3(+)3(8
&03$8+!)32$88)/0(!+$!+'&I6!(W&I+01!,$G!&*.!G,1!8$3($*(!I&3(
+$!/%1!-'$3!1$%4!5,)8!)8!/(I&%8(F!)-!.$*(!I$''(I+01F!8$I)&0!3(.)&
3&'6(+)*7!)8!0)6(!-)00)*7!&!2)771!/&*6F!(&I,!I$)*!/')*7)*7!1$%!&
/)+!I0$8('!+$!1$%'!7$&04!;H(*+%&001F!$*(!0&8+!I$)*!G)00!-)00!+,(!Q&'^
,$G(H('F!(&I,!I$)*!7$+!1$%!&!0)++0(!/)+!I0$8('4
?,(*! G(! &86! ,$G! *(G! I0)(*+8! ,(&'.! $-! %8F! G(! $-+(*! 7(+
&*8G('8! 0)6(F! "@! 8&G! 1$%! 82(&6! $*I(! &*.! 8%/8I')/(.! +$! 1$%'
*(G80(++('4!5,(*!@!/(-')(*.(.!1$%!$*!<&I(/$$64!C$G(H('F!@!,&.
+$!%*8%/8I')/(!-$'!&!G,)0(F!/(I&%8(!@!G&8!/%81!G)+,!$+,('!+,)*784
5,(*!@!8&G!&!8+&+%8!%2.&+(!1$%!3&.(!$*!<&I(/$$6!+$!&!2$8+
1$%!G'$+(F!&*.!)+!G&8!(W&I+01!+,(!,(02!@!*((.(.49!X$!1$%!7(+!+,(
2)I+%'(J! [&*1! I$)*8F! $*(! 2)771! /&*64! [(&8%'(! 1$%'! /$++$3
0)*(]

S!L:C>0+#*4#(0',31!5,)8!)8!&*$+,('!H('1!8+'&)7,+-$'G&'.!3(+')I4
C$G!3&*1!0(&.8!.).!1$%!7(+!/(-$'(!1$%!)320(3(*+(.!8$I)&0
3(.)&!3&'6(+)*7F!&*.!,$G!3&*1!0(&.8!.$!1$%!7(+!&-+('J
S!)0>3%50#8%3%531!_%''(*+01F!5G)++('!)8!'(82$*8)/0(!-$'!ec!2('I(*+
$-!$%'!I$32&*1L8!G(/8)+(!+'&--)I4!?(!%8(!R$$70(!N*&01+)I8!T&
-'((!+$$0!2'$H).(.!/1!R$$70(U!+$!3(&8%'(!,$G!3&*1!2($20(
H)8)+(.!$%'!G(/8)+(!&*.!G,('(!+,(1!I&3(!-'$34
S!-'(03#.@.(01![(&8%'(!,$G!0$*7!)+!+&6(8!+$!3&6(!&!8&0(!+$!&
*(G!I0)(*+4!@-!1$%'!/(8+!-')(*.!G&8!8(00)*7!1$%!&!I&'!+,&+!1$%
*((.(.F!,$G!0$*7!G$%0.!1$%!,(8)+&+(!/(-$'(!/%1)*7J!R)H(*!+,&+
1$%!,&.!+,(!3$*(1!&*.!+'%8+(.!1$%'!-')(*.F!*$+!0$*7]!_$32&'(
+,&+!+$!/%1)*7!&!I&'!-'$3!&!.(&0('4!C$G!3&*1!.(&0('8!G$%0.!1$%
H)8)+J!C$G!3%I,!'(8(&'I,!G$%0.!1$%!.$J!B$I)&0!3(.)&
3&'6(+)*7!&00$G8!1$%!+$!/(!+,&+!-')(*.M+,(!2('8$*!$'!I$32&*1
+,&+!2($20(!+'%8+4
<$'!)*8+&*I(F!G,(*!2'$82(I+)H(!I0)(*+8!I$3(!+$!$%'!I$32&*1F
+,(1! &'(! $-+(*! &0'(&.1! '(&.1! +$! /%14! N*.! +,(8(! &'(*L+! 83&00
2%'I,&8(84!=*!&H('&7(F!&!8)*70(!&II$%*+!)8!G$'+,!fgcFccc!+$
fbcFccc4!5,(1!Q%8+!,&H(!&!-(G!V%(8+)$*84!?(!.$*L+!8%/3)+!0$*7
.'&G*P$%+!2'$2$8&08!$'!7$!/&I6!&*.!-$'+,!2'$H)*7!+,&+!G(!I&*
.$!+,(!Q$/4!5,(1!&0'(&.1!6*$G!G(!I&*F!/(I&%8(!+,(1!,&H(!8((*
%8! $*0)*(4! 5,(1! ,&H(! H)8)+(.! $%'! G(/8)+(F! 8((*! %8! $*! 5G)++('F
&*.!2(',&28!(H(*!8((*!8$3(!$-!31!H).($8!$*!B,&3&4!5h4!@1$%!I&*!(8+&/0)8,!1$%'!(W2('+)8(!$*0)*(F!1$%!G)00!-)*.!+,&+!2($20(
&'(!3$'(!+,&*!(&7('!+$!.$!/%8)*(88!G)+,!1$%4
S!B*&80+3%*&#+'501!K(+L8!8&1!+,&+!/(-$'(!.$)*7!&*1!8$I)&0!3(.)&
3&'6(+)*7F!$*(!$%+!$-!+(*!2($20(!G,$!I&3(!+$!1$%'!G(/8)+(
/$%7,+!8$3(+,)*74!N-+('!1$%!-$00$G!&00!+,(!.)'(I+)$*8!)*!+,)8
/$$6F!+G$!$%+!$-!+(*!2($20(!&'(!/%1)*74!#$%'!I$*H('8)$*!'&+(
Q%8+!G(*+!%2]!?,1!3)7,+!+,)8!/(J!E($20(!&'(!3$'(!I$3-$'+&/0(
/%1)*7!-'$3!/'&*.8!+,(1!+'%8+4!?,)0(!1$%!3&1!*$+!/(!_$I&P_$0&F
1$%!I&*!I('+&)*01!(8+&/0)8,!+'%8+!+,'$%7,!$2(*!I$33%*)I&+)$*
&*.!+'&*82&'(*I14!@!&3!3$'(!G)00)*7!+$!/%1!-'$3!8$3($*(!@
6*$G!@!I&*!7(+!)*!+$%I,!G)+,!(&8)01!+,&*!-'$3!&!*$P*&3(!$*0)*(4
?,&+!&/$%+!1$%J

)+'EMDE
5$!G'&2!%2F!@!G&*+!+$!0(&H(!1$%!G)+,!+,'((!3&)*!2$)*+8!+$!+&6(!&G&1Y
a4!-5+'506%G0#4%+35J!:(-$'(!1$%!I'(&+(!&!8)*70(!2'$-)0(!$'!2&'+&6(
)*! &! 8)*70(! $*0)*(! I$*H('8&+)$*F! 3&2! $%+! 1$%'! $H('&00! $*0)*(
8+'&+(714! ?,&+! G)00! 1$%! %8(! +$! &++'&I+J! ?,&+! G)00! 1$%! %8(! +$
I$*H('+J!?,&+!G)00!1$%!%8(!+$!+'&*8-$'3J!5,(!+$$08!1$%!%8(!+$
.$!+,(8(!+,)*78!G)00!/(!1$%'!+&I+)I84
e 4!90# A:C'&J! >(3(3/('! +,&+! /(,)*.! (H('1! 5G)++('! *&3(! $'
<&I(/$$6!2'$-)0(!)8!&!'(&0!0)H(!,%3&*!/()*74!5,(!%0+)3&+(!7$&0
)8!+$!&0G&18!I$**(I+!G)+,!+,&+!2('8$*4!;H(*!)-!1$%L'(!+&06)*7!+$!&
7'$%2F! +,&+! 7'$%2! I$32')8(8! )*.)H).%&08! G,$! I'&H(! 2('8$*&0
I$**(I+)$*!&*.!&++(*+)$*4
g 4!K'80#E'5%0&.0J! [(&8%'(! 1$%'! 8$I)&0! 3(.)&! (--$'+8F! /%+! &08$
,&H(!2&+)(*I(4!B$I)&0!3(.)&!3&'6(+)*7!)8!&!0$*7P+('3!8+'&+(71^
2&1!&++(*+)$*!+$!+,(!'(8%0+8!1$%L'(!7(++)*7!&8!1$%!7$F!/%+!&0G&18
6((2!1$%'!(1(!$*!+,(!,$')O$*4
:1! *$GF! @! ,$2(! 1$%! ,&H(! &! 3%I,! /(++('! 7'&82! $-! 8$I)&0! 3(.)&
3&'6(+)*7! &*.! G,&+! )+! (*+&)084! @! -%'+,('! ,$2(! 1$%! ,&H(! '(&0)O(.! +,&+
0(H('&7)*7!8$I)&0!3(.)&!)8*L+!,&'.^!1$%!Q%8+!,&H(!+$!6*$G!,$G!+$!%8(!)+F
&*.! )+! I&*! /(! &*! )*I'(.)/01! 2$G('-%0! +$$04! @+! )8! +'%01! +,(! d(*! G&1! $&I,)(H)*7!8%II(88]

!"#$%$&'(")*+%,$*'-$.'/$*0)#*1'2-3%$&
(")*+%,$*'-$.'4%*5%$&'6"+'/$*0)#*'-$.'/.7%8)
!"#$%&'$%()&*%)+,%(&'#-()./%)0#$12'0.&%3).-3)&*%).-(4%/()./%)('$12%56

!
"#$!%&'((
789:);)7<=>9)>8;"?);)4.-&%3)&#)$.@%)(,/%);)0#A%/%3)&*%)&#1'0)#B
(#0'.2)$%3'.)$./@%&'-C)'-)&*%)$#(&)0#$1/%*%-('A%).-3),(%B,2)$.--%/
;) 0#,235) >#) &*.&) %-3?) ;) .(@%3) $D) E2#C) /%.3%/() &#) .(@) $%) &*%'/) $#(&
1/%(('-C) +,%(&'#-(5) F2&*#,C*) $#(&) #B) &*%'/) +,%(&'#-() *.A%) .2/%.3D
E%%-)0#A%/%3)'-).)C%-%/.2)4.D)'-)&*%)1/%A'#,()0*.1&%/(?);)4.-&%3)&#
'-02,3%) (#$%) 3'/%0&?) (1%0'B'0) .-(4%/() .() 4%225) G%0.,(%) &*%(%
+,%(&'#-()0#$%),1)#B&%-?);)*#1%)&*%).-(4%/()4'22)E%-%B'&)D#,?)&##H
(91)!"#$"%&#$'&()*#&+',)+'-&.'/0'&*''%&1)%2&#',$%3(342
#5'%+*&,31'&)%+&436&7%&2385&39"%"3%-&.$2&."((&*3,")(&1'+")
1)5:'#"%4& *#)%+& #$'& #'*#& 3;& #"1'-& 38#*"+'& 3;& "#*& <'"%4& )%
'=,"#"%4-&+2%)1",-&)%+&'0'5>'03(0"%4&.)2&#3&1)5:'#?
)
/91) ;) 3#-I&) @-#4) 4*.&) (#0'.2) $%3'.) 4'22) 2##@) 2'@%) '-) .-#&*%/
*,-3/%3) D%./(5) ;) 0.-) (.D) 4'&*) $,0*) 0#-B'3%-0%) &*.&) '&) 4'22) E%
*%/%)B#/)$.-D)D%./()&#)0#$%5);&)$.D)&.@%)#-).)3'BB%/%-&)B#/$?)E,&
'&()%((%-0%)4'22)-#&)0*.-C%5)GD)%((%-0%);)$%.-)&*.&)1%#12%)-#4
@-#4)4*.&)'&)'()2'@%)&#)*.A%)&*%'/)#4-)$'0/#1*#-%J&#)*.A%)&*%'/
#1'-'#-()*%./35)K#,)0.-I&)0*.-C%)&*.&5)K#,)0.-I&)1,(*).-3)E,22D
1%#12%) .-D$#/%5) L%#12%))*++) &.2@?) .-3) &#3.D) &*%'/) $%((.C%(
0.-)/%.0*)&*#,(.-3(5)K#,)4.-&)&#)2%A%/.C%)&*'()1#4%/)B#/)&*%
E%&&%/?).-3)&*.&)'(-I&)C#'-C).4.D).-D&'$%)(##-H
)

(:1)7*&*3,")(&1'+")&1)5:'#"%4&1')%#&;35&)((&)8+"'%,'*?&7*

#$'5'&)&45389&;35&.$",$&"#&"*%/#&)&433+&;"#?

/:1)>*%)0*.-0%()&*.&)D#,/)E,D%/()./%-I&)#-2'-%)./%)(2'$5)9A%-)'B
D#,)(%/A%)C%/'.&/'0)1.&'%-&(?);)0.-)E%&)&*%'/)0./%C'A%/()(&'22)2##@
B#/)'-B#/$.&'#-)#-)&*%)'-&%/-%&5)8#4)&*%D),(%)(#0'.2)$%3'.)0.3'BB%/)C/%.&2D5)M#)&*%D)N,(&)/%.3)./&'02%()E,&)-#&)'-&%/.0&O)=/)3#
&*%D)2'@%)*.A'-C)&*%'/)#4-)(.DO)7*'0*)('&%()&*%D),(%)0.-).2(#
A./D5) P#/) &*'(?) D#,) 4'22) *.A%) &#) /%(%./0*) D#,/) .,3'%-0%5) >4#
E##@();),*-,+.)/%0#$$%-3)/%.3'-C)#-)&*'()(,EN%0&)./%)/&0120++
%'340&) ED) "%&*) Q#3'-) .-3)5#6'347(4%22)ED)R*./2%-%)S').-3
T#(*)G%/-#BB5);B)D#,)./%)$./@%&'-C)&#)E.ED)E##$%/(?)M#&)G##$
ED) M.A'3) 7%'C%2&) .-3) T#-.&*.-) G#%*$.-) '() .2(#) .) B.-&.(&'0
/%.35
)
(;1)7*&"#&<'##'5&#3&;3,8*&3%&#5)+"#"3%)(&35&*3,")(&1'+")?

/;1);&)3%1%-3(?)E%0.,(%)&*%)$%.-'-C)#B)!&/.3'&'#-.2)$%3'.6)'(
0*.-C'-C5)P#/)%U.$12%?)'&)'()+,'&%)0#$$#-)-#4)B#/)-%4(1.1%/(
&#) *.A%) .-) #-2'-%) %3'&'#-5) "#$%) ./%) %A%-) B#0,('-C) $#/%) #&*%'/) #-2'-%) A%/('#-(?) .-3) (&'22) #&*%/() 1/#A'3%) #-2D) #-2'-%
A%/('#-(5) ;) /%0%-&2D) *%./3) &*.&) %$.'2) $./@%&'-C) '() -#4
0#-('3%/%3)&/.3'&'#-.25)>/.3'&'#-.2)$./@%&'-C)'&(%2B)'()%A#2A'-C)&#
%-0#$1.(()$#/%).-3)$#/%5);-)&*%)%-3?)D#,/)B#0,()(*#,23)E%)#4*.&%A%/)$%3',$).22#4()D#,)&#)/%.0*)D#,/).,3'%-0%5
)

(<1)@3.&+3&7&;"%+&#58(2&A8)(";"'+&953*9',#*&3%("%'?&7&*''1
#3&)(.)2*&58%&)538%+&."#$&,"5,('*&3;&;5"'%+*&35&9''5*6&7&;"%+
12&,3((')48'*&135'&#$)%&953*9',#*6
/<1)>*'()'()-#&).-),-0#$$#-)('&,.&'#-5);&)'()%.(D)&#)%-3),1)'&*%) (.$%) 0'/02%(?) %(1%0'.22D) 4*%-) D#,/) 0#22%.C,%() V.-3
0#$1%&'&#/(W)./%).2(#)%./2D).3#1&%/().-3),(%)(#0'.2)$%3'.5)>*%
E%(&)4.D)&#)%U1.-3)D#,/)0'/02%)'()&#),(%)P.0%E##@)C/#,1()&#
$%%&) -%4) 1%#12%5) K#,) 0.-) %A%-) 0/%.&%) D#,/) #4-) P.0%E##@
C/#,15);B)D#,),(%)>4'&&%/?)D#,)0.-)(%./0*)B#/)1%#12%)4'&*)('$'2./
'-&%/%(&()#/)1/#E2%$()V&*.&)D#,)0.-)(#2A%HW5)>*'()'().2(#)4*D)'&)'(

'$1#/&.-&) &#) 3/'A%) 1%#12%) &#) D#,/) 4%E('&%) .-3) 0#22%0&) &*%'/
'-B#/$.&'#-)&*%/%5)>*%D)$.D)-#&)E%2#-C)&#)D#,/)0'/02%?)E,&)&*%D
$.D)/,-)'-&#)D#,/)4%E('&%5)P'-3).)4.D)&#)(&.D)'-)&#,0*)4'&*)&*%$5
)

(=1) 7& 4'#& *3& 1)%2& "%0"#'*& ;35& B),'<33:& )99(",)#"3%*C& 7#

*9"%*&12&$')+6&D3&7&*)2&2'*&#3&)((?

/=1)=-)&*%)0#-&/./D?)B%%2)B/%%)&#)(.D)-#J2'E%/.22DH)=-2D)(.D)D%(
&#).112'0.&'#-().-3)C/#,1()&*.&)/%(#-.&%)4'&*)D#,/)1/#B%(('#-.2
$'(('#-5) X.-D) .112'0.&'#-() B#/0%) D#,) &#) (%2%0&) .&) 2%.(&) (%A%B/'%-3()&#),(%)&*%).112'0.&'#-)D#,/(%2BY)'&I()#-%)#B)&*%)/%.(#-(
D#,)C%&)(#)$.-D).112'0.&'#-)'-A'&%(5)T,(&)(.D)-#H);B)D#,)0*##(%
&#)N,(&)(&'0@)&#)&*%)P.0%E##@)E.('0()#,&2'-%3)'-)R*.1&%/)Z?)D#,
4'22)E%)3#'-C)$#/%)&*.-)B'-%H
)

(>1)7;& 238& $)0'& )& %'.& ;3((3.'5& 3%& E."##'5-& "*& "#& 3:)2& #3
"%0"#'&$"1&35&$'5&#3&F3"%&238&3%&3#$'5&%'#.35:*?&!$)#&"*
#$'&9539'5&'#"A8'##'&$'5'?

/>1)K%(?)'&)'()#@.D)&#)'-A'&%)1%#12%)&#)N#'-)D#,/)#&*%/)-%&4#/@(5
G,&)D#,)(*#,23-I&)E#$E./3)&*%$)4'&*)/%+,%(&()#/)2%&)&*'()E%)D#,/
#-2D)0#$$,-'0.&'#-)4'&*)&*%$5);&I().)C##3)'3%.)&#)C%&)&#)@-#4
&*%$)B'/(&5)F(@)&*%$)4*.&)&*%D)3#?).-3)(*./%)'-B#/$.&'#-).E#,&
D#,/(%2BY)E,'23).&)+&0(1).-).0+,.'-&.-0%)/%2.&'#-(*'15)=&*%/4'(%?
'&)2##@()2'@%)D#,)./%)N,(&)&/D'-C)&#)/.0@),1)D#,/)-,$E%/(?).-3)-#
#-%)2'@%()E%'-C)N,(&).)-,$E%/5
)

(?1)@3.&+3&7&;"%+&#$'&#"1'&#3&"%#'5),#&."#$&*3,")(&1'+")&#3
5')((2& ,3%%',#& ."#$& 9'39('& ."#$38#& *9'%+"%4& )((& 12& #"1'
+3"%4&"#?

/?1) P'/(&?) B'-3) &4#) (#0'.2) $%3'.) -%&4#/@() &#) B#0,() #-5) >*%-?
0#$%),1)4'&*).-)#-2'-%)-%&4#/@'-C)(&/.&%CD)&*.&)4#/@()B#/)D#,5
>*'()3#%(-I&)*.A%)&#)E%)0#$12%UY)'&)0.-)0#-('(&)#B)('$12%)&.(@(5
S%&I() 2##@) .&) .)(*89+&) P.0%E##@) -%&4#/@'-C) (&/.&%CD[) 2#C) #-?

,13.&%)D#,/)(&.&,(?)4'(*)D#,/)B/'%-3().)*.11D)E'/&*3.D?)/%(1#-3
&#)D#,/)$%((.C%(?)1'0@)#-%)1%/(#-)B/#$)D#,/)-%&4#/@)&#)C%&)&#
@-#4) E%&&%/?) .-3) (%&) ,1) .) 0.22) 4'&*) *'$) #/) *%/) B#/) &*%) 4%%@5
P.'/2D) ('$12%?) /'C*&O) ;&) 0.-) E%) %.(D) &#) 2#(%) &/.0@) #B) &'$%) #(#0'.2)$%3'.)('&%(?)(#)D#,)0.-)%A%-)&/D)(%&&'-C),1).)&'$%/5)=-0%
D#,/) &*'/&D) $'-,&%() ./%) ,1?) D#,) ./%) 3#-%H) >*'() 3#%() /%+,'/%
(#$%)3'(0'12'-%)#-)D#,/)1./&5
)

(@1) !$)#& *$38(+& 238& +3& ";& *31'3%'& .)%#*& #3& <'& 2385
;5"'%+& 3%& B),'<33:-& <8#& $'& +3'*& %3#& #'((& 238& $3.& $'
:%3.*&238&35&.$2&$'&.)%#*&#3&<'&2385&;5"'%+?&7*&#$'5'&)
+3.%*"+'& #3& ),,'9#"%4& $"1& )*& 2385& ;5"'%+& ";& 238& +3%/#
:%3.&$"1?
/@1)>*'()3%1%-3()#-)D#,/)B/'%-3'-C)1#2'0D5);)@-#4)(#$%)1%#12%
4*#) 4'22) #-2D) E%B/'%-3) &*#(%) &*%D) @-#4) #BB2'-%5) =&*%/() 4'22
E%B/'%-3) .-D#-%) .-3) %A%/D#-%5) K#,) *.A%) &#) B'-3) &*%) (&/.&%CD
&*.&) 4#/@() B#/) D#,5) ;B) D#,) ./%) 12.--'-C) &#) ,(%) P.0%E##@) .() .
4.D) &#) $%%&) -%4) 1%#12%?) &*%-) D#,) $.D) 4.-&) &#) 0#-('3%/
.00%1&'-C) B/'%-3(*'1) /%+,%(&() B/#$) (&/.-C%/(5) ;-) $D) 0.(%?) ;
/%.0*) $#/%) 1%#12%) &*/#,C*) $D) E2#C) .-3) 4#/@) &*.-) ;) $%%&
1%/(#-.22D5) ;) *.A%) .) 4'3%) .,3'%-0%?) (#) ;) *.A%) .-) #1%-\3##/
P.0%E##@)1#2'0D5)F-D#-%)0.-)E%B/'%-3)$%5)8#4%A%/?);).$) :'(1
.() +,'0@) 4'&*) $D) !<%$#A%) B/#$) P/'%-3(6) 2'-@) V4*'0*) 0.-) E%
B#,-3) .&) &*%) E#&&#$) 2%B&) #B) .) P.0%E##@) 1/#B'2%W5) ;B) .) !B/'%-36
(1.$()$%)#/)(%-3()$%)&##)$.-D)'-.-%)/%+,%(&(?);)/%$#A%)*'$
#/) *%/5) "#?) '-) .) -,&(*%22?) $D) P.0%E##@) B/'%-3'-C) 1#2'0D) V$,0*
2'@%)$D)1#2'0D)'-)2'B%W)'()B/'%-3),-&'2)1/#A%-)#&*%/4'(%5
)

(A1)D3'*&*3,")(&1'+")&1)5:'#"%4&.35:&.'((&;35&18(#"('0'(
1)5:'#"%4&<8*"%'**'*?&7&;''(&(":'&12&"%+8*#52&"*%/#&#58*#'+6

/A1)XD)%U1%/'%-0%)'()&*.&)(#0'.2)$%3'.)$./@%&'-C)4#/@()B#/).-D
&D1%)#B)E,('-%((?)E,&)D#,)*.A%)&#)B'C,/%)#,&).)4.D)&#).33)A.2,%
&#)D#,/)-%&4#/@5)X,2&'2%A%2)$./@%&'-C)(0*%$%()./%).-)%U&/%$%2D

$'(,-3%/(&##3) E,('-%(() $#3%2) E%0.,(%) #B) 0#$1.-'%() &*.&

/,'-%3)&*%)'-3,(&/DI()/%1,&.&'#-5)"#0'.2)$%3'.)'().)C/%.&)4.D)&#
%3,0.&%) 1%#12%?) .-3) D#,) 0.-) ,(%) &*.&) &#) '$1/#A%) &*%) 4.D
1%#12%) &*'-@) .E#,&) $,2&'2%A%2) $./@%&'-C5) M#%() &*'() &.@%) &'$%O
K%(5)M#%()'&)4#/@)%A%-&,.22DO)FE(#2,&%2D5
)

(9B1) @3.& +3& 238& .')0'& *3,")(& 1'+")& 1)5:'#"%4& ."#$

3;;("%'&1)5:'#"%4?

/9B1)F-D&'$%) ;) (1%.@) #/) .&&%-3) .-) #BB2'-%) -%&4#/@'-C) %A%-&?) ;

0#$%) E.0@) 4'&*) 2#.3() #B) E,('-%(() 0./3(5) ;-(&%.3) #B) (&'0@'-C
&*%$)'-&#).)<#2#3%U?);)(%./0*)B#/)&*%)1%#12%)#-)P.0%E##@).-3
S'-@%3;-5);).33)&*%$)&*%/%).-3)&*/#4).4.D)&*%)0./3(5)>*'()4.D);
%A%-) @-#4) &*%'/) E'/&*3.D(H) >*.&I() #-%) (&/.&%CD5) F('3%) B/#$
(1%.@'-C).-3)-%&4#/@'-C?);)3#-I&)3#)$,0*)$./@%&'-C)#BB2'-%5
)

(991)!$)#&+3&238&+3&.$'%&*31'3%'&238&:%3.&#$5384$
2385& 9'5*3%)(& (";'& 93*#*& 1'**)4'*& 3%& 2385& <8*"%'**
*3,")(& 1'+")& 953;"('& #$)#& +3%/#& 1)#,$& 89& ."#$& 2385
<8*"%'**&(";'?

/991)Q/%.&)+,%(&'#-H);&)3%1%-3(5);B)&*%)$%((.C%)'()C%-%/'0)#/
(1%.@()&#)$%).().-)'-3'A'3,.2?);)3#-I&)$'-3)'&5)P#/)%U.$12%?)$D
0#,('-()#B&%-)2%.A%)!4%)$'(()D#,6)$%((.C%()#-)$D)7.225);).$
#@.D)4'&*)&*'(5)>*'()3#%(-I&)$.@%)$%)2%(()1/#B%(('#-.2)'-)#&*%/
1%#12%I()%D%(5);-)B.0&?)'&)*,$.-']%()$%)%A%-)$#/%5)=-)&*%)#&*%/
*.-3?) 'B) ;) /%0%'A%) .-) '-.11/#1/'.&%) $%((.C%) B/#$) .) 1%/(#-.2
B/'%-3?) ;) +,'0@2D) 3%2%&%) '&5) ;B) '&) 4.() N,(&) .) ('22D) 2'-@?) ;) 3#-I&) (.D
.-D&*'-C)&#)*%/5);)N,(&)3%2%&%5);B);)B%%2)2'@%)(*%)$.D)-#&)E%),1\&#\
3.&%) #-) P.0%E##@) %&'+,%&&%?) ;) 3%2%&%) *%/) 1#(&) .-3) &*%$%((.C%)*%/)1/'A.&%2D?).(@'-C)&*.&)'-)&*%)B,&,/%)(*%)0#-&.0&)$%
1/'A.&%2D)'-(&%.35
)

(9:1) !$2& +3& .'& 8*'& .)5& #'51"%3(342& GH,)19)"4%-I

H#),#",*-I&H*#5)#'42-I&H#)54'#IJ&#3&5';'5&#3&*3,")(&1'+")&)*&";
#$'& 9'39('& .'/5'& 5'),$"%4& 38#& #3& )5'& 385& '%'1"'*-& #3& <'
)##),:'+-&9"(()4'+-&)%+&9(8%+'5'+?

/9:1) Q##3) 1#'-&5) ;) .$) -#&) .) B.-) #B) &*%) A'#2%-&) 0#--#&.&'#-(
%'&*%/5) >*'() (&./&%3) E%0.,(%) &/.3'&'#-.2) $./@%&'-CI() A'%4) #B
0#-(,$%/()4.()$,0*)*./(*%/)&*.-)&#3.DI()A'%45);-)&*%)%./2'%/
3.D(?)D#,)*.3)&#)80;&)(#$%#-%)C%&)D#,/)$%((.C%5)K#,)*.3)&#
0#-A'-0%) .-3) 0#-A%/&5) >#3.D?) &*%) E%(&) (&/.&%CD) '() &#) 1/%(%-&
1#&%-&'.2) 0,(&#$%/() 4'&*) A.2,%) .-3) 0*#'0%(5) ;&I() .) C.$%
0*.-C%/5)^-B#/&,-.&%2D?)&*%)A#0.E,2./D)*.()(&,0@?) E%0.,(%) '&I(
4*.&) 4%) ./%) B.$'2'./) 4'&*5) ;B) ;) ,(%3) !.11/#.0*6) '-(&%.3) #B
!(&/.&%CD?6)'&)$'C*&)0#-B,(%)(#$%)/%.3%/(5):#&).22?)E,&)(#$%5)XD
C#.2)'()&#)0#$$,-'0.&%)&#)E%),-3%/(&##35)P#/)-#4?)&*.&)'-A#2A%(
,('-C)B.$'2'./)V.2E%'&)-#&)&*%)B/'%-32'%(&W)A#0.E,2./D5
)

(9;1)@3.&+3&1)5:'#'5*&5'),$&<8*"%'**&3.%'5*&.$3&*)2
#$)#&#$'2&$)0'&%3&#"1'&;35&*3,")(&1'+")?&K5&#$3*'&#$)#&;''(
*3,")(&1'+")&"%&4'%'5)(&"*&)&#"1'&0)19"5'?

/9;1)Q'A%)&*%$).)0#1D)#B)&*'()E##@5)G%&&%/)D%&?)&%22)&*%$)&*.&
1%#12%) ./%) (#0'.2) 0/%.&,/%() V-%4() B2.(*W) .-3) &*.&) 1%#12%) ./%
0+#&04.)&.2@'-C).E#,&)&*%'/)E,('-%((%()#-2'-%5)>*%D)0.-)%'&*%/
E%) 1./&) #B) &*%) 0#-A%/(.&'#-) #/) -#&5) >*'() '() .) 0*#'0%) %A%/D
E,('-%(() *.() &#) $.@%5) F() .) $./@%&%/?) D#,) 0.-) *%21) &*%$
(&/.&%C']%?) C'A%) &*%$) &##2(?) .-3) (*#4) &*%$) *#4) &#) $%.(,/%5
>*%)/%(,2&()(*#,23)(1%.@)B#/)&*%$(%2A%(5
)

(9<1) @3.& 1)%2& *3,")(& %'#.35:"%4& 45389*& *$38(+

*31'3%'&<'&"%?

/9<1)P#0,()D#,/)(&/.&%CD).-3)-%&4#/@'-C)%BB#/&()#-).)B%4)('&%(
.&) .) &'$%5) ;3%.22D?) D#,) (*#,23) B#0,() #-) &4#) (#0'.2) -%&4#/@'-C
('&%().-3)C#)3%%15)^-3%/(&.-3)&*%)/,2%(?)0,2&'A.&%)/%2.&'#-(*'1(?
.-3)C%&)0#$B#/&.E2%),('-C)&*%$)B#/)E,('-%((5)XD)%U1%/'%-0%)'(
&*.&) $#(&) 1%#12%) 4*#) N#'-) ($.22%/) #/) -'0*%) (#0'.2) ('&%() ./%

.2/%.3D) 1./&) #B) &*%) E'CC%/) #-%(5) ;&) '() /./%) &#) B'-3)(#$%#-%
N#'-'-C) .) -%4) (#0'.2) -%&4#/@) .() .-) %./2D) .3#1&%/) 4*#) '(-I&
.2/%.3D)1./&)#B).)E'CC%/)#-%)2'@%)P.0%E##@)#/)S'-@%3;-5
)
)

(9=1)!$'%&*899(2"%4&,3%#'%#&#3&2385&*3,")(&*"#'*-&*$38(+
238&5'9')#&#$'&*)1'&)5#",('*&)%+&<(34*-&35&+3&5'.5"#'*&."#$
,319('#'(2&;5'*$&1)#'5")(?

/9=1) "*./%) 4*.&) D#,) 0,//%-&2D) *.A%5) >*%/%) '() -#) 1%-.2&D) '/%1%.&'-C) '-B#/$.&'#-Y) D#,) 3#-I&) -%%3) B/%(*) 0#-&%-&) B#/) %.0*
(#0'.2) -%&4#/@'-C) ('&%5) P#/) %U.$12%?) P.0%E##@) .22#4() D#,) &#
'$1#/&)D#,/)E2#C)1#(&().-3)&,/-)&*%$)'-&#):#&%(5)>*'()'().)C/%.&
4.D) &#) 1/#1.C.&%) D#,/) '-B#/$.&'#-5) >*.&) E%'-C) (.'3?) ;) 3#-I&
/%0#$$%-3) /%1%.&'-C) D#,/(%2B) &##) $,0*5) K#,) 4.-&) &#) (*./%
D#,/) '-B#/$.&'#-) 4'&*#,&) (%%$'-C) 2'@%) .-) .,&#$.&%3) $.0*'-%5
K#,) 4.-&) &#) B#0,() #-) (*./'-C) &*%) (.$%) '-B#/$.&'#-) .0/#((
(%A%/.2)$%3'.)0*.--%2(?)-#&)/%1%.&'-C)&*%)(.$%)$%((.C%)##-%)2'@%).)/#E#&5
)

(9>1)@3.&+3&238&:%3.&.$",$&*3,")(&1'+")&*"#'&4"0'*&#$'
<'*#&LK7&3%&2385&#"1'&)%+&';;35#?&D3&7&F3"%&'),$&%'.&3%'
#$)#&939*&89-&35&+3&7&(85:-&("*#'%-&)%+&#):'&12&#"1'?

/9>1)S,/@?)2'(&%-?).-3)&.@%)D#,/)&'$%5)M#-I&)N#'-)%A%/D)-%&4#/@
&*.&) 0#$%() D#,/) 4.D5) XD) /%0#$$%-3.&'#-() ./%) P.0%E##@?
>4'&&%/?) .-3) S'-@%3;-5) K#,) 0.-) .2(#) (%./0*) B#/) (1%0'.2']%3
(#0'.2)-%&4#/@'-C)('&%()&*.&)D#,/)(1%0'B'0).,3'%-0%),(%(5
)

(9?1) M%2& *9',";",& 1)5:'#"%4& #"9*& ;35& #$'& ,855'%#& #384$

',3%31",&#"1'*?

/9?1)F()(#$%#-%)4*#)E##&(&/.11%3)$D)0#$1.-D)&#)(,00%((?
$D) /%0#$$%-3.&'#-) 4'22) .24.D() E%) &*%) (.$%5) P#0,() #$./@%&'-C)&%0*-'+,%()&*.&)1/#A'3%).)*'C*)/%&,/-)#-)'-A%(&$%-&J

2'@%)#-2'-%)$./@%&'-C?)4*'0*)0#(&()2'&&2%).-3)3#%().)2#&5)S%&)D#,/
0,//%-&) 02'%-&() .-3) 4%22\4'(*%/() E%) D#,/) .3A%/&'('-C) &%.$5
9-0#,/.C%).-3)/%4./3)&*%$)B#/)(*./'-C)4'&*)&*%'/)B/'%-3(5)X#(&
'$1#/&.-&2D?) (&.D) #1&'$'(&'05) >*%) %0#-#$'0) &'3%) '() .24.D(
0*.-C'-C?) E,&) 1%#12%) 4'22) .2(#) .24.D() *.A%)-%%3() .-3) 4.-&(5
>*%) #-2D) 3'BB%/%-0%) '-) .) 3#4-&,/-) '() &*.&) &*%D) C%&) %U&/.) 1'0@D5
K#,) *.A%) &#) %3,0.&%) .-3) %-0#,/.C%) $#/%) &*.-) D#,) 1,(*5) XD
B/'%-3() .24.D() &%.(%) $%) &*.&) $D) B.A#/'&%) 4#/3) &#) ,(%) '(
!2%A%/.C%56)G,&)'&)'()%U.0&2D)4*.&)D#,)*.A%)&#)3#)'-)&*'()%0#-#$D
&#) (,00%%3J.-3) 4*.&) (#0'.2) $%3'.) .22#4() D#,) &#) 3#) 4'&*) (#
$,0*) %.(%5) S%A%/.C%) D#,/) 1.(&) (,00%((?) 2%A%/.C%) D#,/) 4%22\
4'(*%/(?).-3)2%A%/.C%)D#,/)0#22%.C,%()ED)1./&-%/'-C)4'&*)&*%$5
S%A%/.C%) (#0'.2) $%3'.) #A%/.22) &#) .$12'BD) D#,/) $%((.C%) .-3
0/%3'E'2'&D5

!"#$%&'()*$%'(%+,)-$./'0%1)'!-2*$)13'4)/2&%+
5"&,16'7+)%-'!-"+$)1
!"#$%&'$()%&*+&,-(+&*.&$,/0'+&'$(&-1%+(&*+&,-(+&*.&+2$345+67

!
"#$#%&#

!809:;'(<=9:'>4859;<'?3'@A"..)'=$B$-%6';$CD
1-$#,$./
EFFFG;$C1-$#,$./G#"HI

&
!"# $%&'# $&()# %&*+# (,-# -'./.0+1# ),2.&/# 3+1.&# ).'+)4# !5# (,-# 5++/
6/,77."7# .)# '%+# 2,8"+8)',"+# ,5# '%+)+# +55,8')9# 1,# (,-# '%.":
),3+,"+#2&"#-'./.0+#'%+)+#).'+)#$.'%,-'#%&*."7#&#6/,74
8.& 1-9$.& 0(%-& :-'0$5& 3+,0$& ;$:& /0$& 3.& *5-<& -(& 3$9=+%0(<& %;-3+(6&>%&-4+(+,&%#+&,--9&%-&(+;&$(,&+2'0%0(<&9+5$%0-(:#04:6&>
3+%& *?:0(+::& 49-1+::0-($5:& 19-3& $55& -/+9& %#+& ;-95,& $(,& +/+(
19-3&3.&-;(&*$'=.$9,6&>&;$:&$*5+&@$(,&:%055&$3&$*5+A&%-&49-3-%+
3.:+51B& $(,& 3.& *?:0(+::B& *.& :#$90(<& +24+9%0:+& $(,& 0(:0<#%B
0(:%+$,& -1& :+550(<6&C1%+9& %#+& 4-4?5$90%.& -1& %#+& *5-<& *9-?<#%& 3+
:4+$=0(<&+(<$<+3+(%:&$(,&+/+(&'50+(%&9+1+99$5:B&>&*9$('#+,&-?%
0(%-& D$'+*--=& $(,& E;0%%+9& $(,& :-3+& -%#+9& :-'0$5& (+%;-9=0(<
:0%+:&%#$%&>&#$/+&*++(&0(/0%+,&%-&F-0(B&:?'#&$:&G"H8&@G-'0+%.
1-9&"-9,&-1&8-?%#A&$(,&E;0%%+98-3:B&$:&;+55&$:&G$//.&C?(%0+6&>
10(,&%#+3&?:+1?5&0(&*?05,0(<&$(,&3$0(%$0(0(<&<9+$%&9+5$%0-(:#04:6
C(,& >)3& $*5+& %-& #+54& -%#+9& ;-3+(& 5+$9(& #-;& %-& 3$9=+%
%#+3:+5/+:&-(&%#+&;+*6&E#0:&*90(<:&3+&9+'-<(0%0-(&$:&$(&+24+9%
0(&3.&10+5,6

>&9+'-33+(,&$&*5-<6&I$(&.-?&3$=+&$&<-&-1&0%&;0%#-?%&$&*5-<J
>&,-()%&%#0(=&:-6&C&*5-<&0:&%#+&:0('+9+B&4+9:-($5&:0,+&-1&.-?9:+51
$(,& .-?9& *?:0(+::6& E#+& *5-<& <0/+:& %#+& ;90%+9& $(& -?%:%$(,0(<
-44-9%?(0%.& %-& '-33?(0'$%+& /$5?+& $(,& $,/0'+& ;0%#-?%& *+0(<
49+$'#.& -9& :$5+:K.6& H(& %#+& *5-<B& 0%):& 4-::0*5+& %-& +(<$<+
(?3+9-?:& 4+-45+& 0(& 3$(.& ,011+9+(%& '-(/+9:$%0-(:B& %#+9+*.
<9-;0(<& .-?9& 9+$'#& $(,& '-((+'%0-(& %#9-?<#-?%& %#+& ($%0-(& $(,
%#+& ;-95,6& "0%#& -%#+9& (+%;-9=0(<& :0%+:& $(,& E;0%%+9B& .-?& '$(
0(0%0$%+&%#+&'-(/+9:$%0-(&$(,&+/+(&:#$9+&:+5+'%&4$9%:&-1&0%6&L?%&0%
$55& <-+:& *$'=& %-& %#+& *5-<B& ;#+9+& %#+& 9+$5& -44-9%?(0%.& %-& *+
.-?9:+51&+20:%:6&L?:0(+::&*5-<<0(<&0:&+2%9+3+5.&#+541?5&1-9&(+;
*?:0(+::+:B& $:& 5-(<& $:& %#+& ;90%+9& 9+3+3*+9:& %-& 1-'?:& -(& %#+
*?:0(+::& $(,& (-%& -(& %--& 3?'#& 1$305.& :%?116& L+& 49-1+::0-($56& >1
.-?& ;$(%& %-& #$/+& $& *5-<& 1-9& 1$305.& (+;:5+%%+9& '-(%+(%B& :%$9%& $
1$305.&*5-<6
;%.2%#%&)#6++"#(,-8#5&*,8.'+#),2.&/#3+1.&#).'+#),#5&8#&"1#$%(4
>)3&:%055&$&*5-<<+9&$%&#+$9%6&>&5-/+&E;0%%+96&>%&9+$55.&#$:&+2%+(,+,
3.&9+$'#&$(,&0(%9-,?'+,&3+&%-&#?(,9+,:&-1&(+;&4+-45+&;#-&>
'$(&%$4&0(%-&01&>&(++,&$(&$(:;+9&%-&$&:0345+&*?:0(+::&M?+:%0-(
-9&01&>&(++,&'-(%+(%&%-&:?*:%$(%0$%+&:-3+%#0(<&>&$3&;90%0(<&$*-?%
0(&3.&*5-<6&L?%&0(&%#+&+(,B&>&49+1+9&*5-<:&%-&$(.%#0(<&+5:+6
<,#(,-#%&*+#&#),2.&/#3+1.&#3&8:+'."7#)'8&'+7(4
C*:-5?%+5.N& >1& .-?)9+& 0(& *?:0(+::B& .-?& :#-?5,& (+/+9& +(<$<+& 0(
:-'0$5& 3+,0$& ;0%#-?%& $& :%9$%+<.N& 80(+& 0:& %-& <0/+& %#-?<#%1?5
'-(%+(%&$(,&$,/0'+B&$(,&9+'+0/+&:-3+&0(&9+%?9(6&>%):&$&4+-45+K
4-50'.& =0(,& -1& :%9$%+<.O>& $3& #+9+& %-& :?44-9%& 4+-45+& 0(& %#+09
*?:0(+::&+(,+$/-9:6&>%):&(-%&$*-?%&%#+&%--5:&+/+9N&>%):&$*-?%&%#+
4+-45+6
C(.%#0(<&>&'$(&,-&%-&*+&3-9+&4+9:-($5&$(,&1-'?:+,&-(&9+:?5%:
1-9&-%#+9:&3$=+:&3.&;-9=&;-9%#;#05+&$(,&:?''+::1?56
!5#(,-#2,-/1#)%&8+#,"+#'.=#,8#)'8&'+7(#$.'%#,'%+8)#/,,:."7#',#1,
'%+#)&3+9#$%&'#$,-/1#.'#6+4
8.& %04& ;-?5,& *+& %-& $5;$.:& 9+3+3*+9& .-?9& *+<0((0(<:6& >(& %#+

*+<0((0(<&-1&-?9&*?:0(+::&/+(%?9+:B&;+&$9+&$55&+$<+9&%-&%$5=&%+24+9%:&$(,&%$=+&0(&%#+09&$,/0'+6&E#-:+&+24+9%:&;#-&<0/+&19++5.
@$5;$.:& 3$0(%$0(0(<& $& 5+/+5& -1& 19++& $,/0'+& *?%& <+(%5.& 5+%%0(<
-%#+9:& =(-;& %#$%& *+.-(,& %#$%& 50(+& 0:& 4$0,& '-(:?5%0(<A& <+%& %#+
*+:%&9+:?5%:6&L+&:+5+'%0/+&-1&%#-:+&.-?&30<#%&*+'-3+&$&3+(%-9
%-O0%):&$&;-(,+91?5&;$.&%-&<0/+&*$'=B&*?%&,+4+(,0(<&-(&;#-3
.-?& '#--:+& %-& 3+(%-9B& %#+& %03+& 0(/-5/+3+(%& '-?5,& <+%& $;$.
19-3&.-?6
>),& 50=+& %-& 9+30(,& +/+9.-(+& %#$%& :-'0$5& 3+,0$& 0:& F?:%& %#$%P& $
%.4+&-1&'-((+'%0-(&%#$%):&:-'0$56&L+&:-'0$*5+6&L+&$449-$'#$*5+6
Q+$9(& <--,& %03+K3$($<+3+(%& :=055:B& $(,& ?(,+9:%$(,& %#$%& (-(+&+24+'%:&%#+&;-95,&19-3&.-?6&R?:%&*+&%#+&4+9:-(&.-?&;0:#+,
:-3+-(+&#$,&*++(&1-9&.-?&*$'=&;#+(&.-?&;+9+&<+%%0(<&:%$9%+,6
S-&%#0:&-(50(+B&/0$&:-'0$5&3+,0$&%--5:&$(,&(+%;-9=:B&$(,&,-&0%
-1150(+&0(&$&%9?+&1$'+K%-K1$'+&3$((+96&L?05,0(<&.-?9&*?:0(+::&*.
5+$9(0(<&#-;&%-&?%050T+&:-'0$5&3+,0$B&$(,&#-;&%-&*90(<&0%&-1150(+&0(
$&1$'+K%-K1$'+&<9-?4&<$%#+90(<B&;055&*90(<&.-?&%#+&:?''+::&.-?
+(,+$/-9& %-& $'#0+/+6& >& 9+'+(%5.& ;9-%+& $& *5-<& 4-:%& %#$%& M?-%+,
G#095+.&I#0:#-53B&%#+&109:%&C190'$(&C3+90'$(&;-3$(&+5+'%+,&%I-(<9+::& @M?-%0(<&C9%#?9&C:#+AP& !D9-3& ;#$%& ;+& <+%B& ;+& '$(
3$=+&$&50/0(<6&"#$%&;+&<0/+B&#-;+/+9B&3$=+:&$&501+67

!809:;'(<=9:'>4859;<'J3'!%.*+%'=)'5+)$-%16
K"+*>+)11'L&"/1$-)1
EK"+*>+)11L&"/1$-)1G#"HI

&
!"#$%&'#$&()#%&*+#(,-#-'./.0+1#),2.&/#3+1.&#).'+)4
>&?:+&:-'0$5&3+,0$&:0%+:&%-&$?%-3$%+&$&5-%&-1&3.&3$9=+%0(<6&G-B
1-9& 0(:%$('+B& >& +(%+9& 3.& 3$9=+%0(<& 3+::$<+& 0(& E;0%%+9B& ;#0'#
%#+(& ?4,$%+:& 3.& D$'+*--=& :%$%?:6& E-& ?4,$%+& 3.& D$'+*--=
:%$%?:&;0%#&3.&E;0%%+9&!%;++%B7&>&0(:%$55+,&%#+&!E;0%%+97&$4450'$%0-(

0(& D$'+*--=6& E-& 0(:%$55& 0%& .-?& F?:%& 5-<& 0(& %-& .-?9& D$'+*--=
$''-?(%B& $(,& %#+(& <-& %-&$44:61$'+*--=6'-3U%;0%%+9& $(,& '50'=
!C55-;67&V-?&%#+(&+(%+9&.-?9&E;0%%+9&>S&$(,&4$::;-9,&$(,&'50'=
%#+& !C55-;& E;0%%+9& %-& W4,$%+& V-?9& D$'+*--=& G%$%?:B7& $(,& .-?
$9+&,-(+N
8.& %;++%:& $9+& ,0:45$.+,& -(& %#+& :0,+*$9& -1& 3.& *5-<& :0%+:
@;+*:0%+:&*?05%&-(&$&*5-<<0(<&45$%1-93AB&$(,&$(.%03+&>&4?*50:#&$
(+;& *5-<& 4-:%B& $& (+;& %;++%& 0:& '9+$%+,B& 5+%%0(<& 4+-45+& =(-;& >
4-:%+,&$&(+;&*5-<&4-:%6&E-&,-&%#0:B&>&?:+&$&1$*?5-?:&45?<K0(&*.
C5+2& X0(<6& >%):& '$55+,& !E;0%%+9& E--5:B7& $(,& 0%):& $/$05$*5+& $%
$5+2=0(<6-9<U49-F+'%:U;-9,49+::U9+$,3+J49-F+'%Y%;0%%+9K%--5:6& >
0(:%$55+,&%#0:&45?<K0(&-(&3.&:0%+:&$(,&3.&'50+(%:)&:0%+:6&C55&>&,-&0:
+(%+9& 3.& E;0%%+9& >S& $(,& 4$::;-9,& $(,& '#$(<+& $& 1+;& -1& %#+
,+1$?5%&:+%%0(<:B&$(,&>)3&,-(+6
C5:-B& ;#+(& >& 4?*50:#& $& (+;:5+%%+9B& E;0%%+9& 0:& (-%010+,B& $(,& $
(+;& %;++%& 0:& '9+$%+,& 0(& E;0%%+96& E#0:& 0:& $& 1$*?5-?:& :+9/0'+
-11+9+,&*.&C"+*+96&G-&01&.-?&$9+&?:0(<&C"+*+9&1-9&.-?9&+3$05
3$9=+%0(<B& $55& .-?& (++,& %-& ,-& 0:& +($*5+& %#+& ZGG& 1++,& ;#+(
'9+$%0(<&$&(+;&(+;:5+%%+9&$(,&-('+&$<$0(&+(%+9&.-?9&E;0%%+9&>S
$(,& 4$::;-9,6& "#+(& .-?& 4?*50:#& $& (+;:5+%%+9B& $& %;++%& 0:
'9+$%+,6&[2$345+P&!8.&\+;:5+%%+9&#%%4PUU$;+*+96'-3U*U1]Z^67
>& #$/+& $5:-& ?:+,& :-'0$5& 3+,0$& %-& 3$=+& '-((+'%0-(:& ;0%#
!'+5+*90%0+:7&0(&%#+&0(,?:%9.&;#-&-%#+9;0:+&1+5%&-?%&-1&9+$'#6&>&:%$9%
*.& 1-55-;0(<& %#+3& $(,& 9+45.0(<& %-& :-3+& -1& %#+09& %;++%:6& E#+.
3$.&(-%&1-55-;&3+&90<#%&$;$.B&-9&$%&$55B&*?%&'-((+'%0(<&;0%#&%#+3
0(&%#0:&;$.&<0/+:&3+&/0:0*050%.&$(,&%#+&-44-9%?(0%.&%-&:#-;&%#+3
;#-& >& $3& $(,& ;#$%& >& ,-& $(,& <0/+& %#+3& $& *0%& -1& 3.& #05$90-?:
4+9:-($50%.N
;%.2%#%&)#6++"#(,-8#5&*,8.'+#),2.&/#3+1.&#).'+#),#5&8#&"1#$%(4
E;0%%+9&*.&1$9N&>%):&3.&1$/-90%+&-(&$&*?:0(+::&5+/+5B&*+'$?:+&>&'$(
M?0'=5.& '-((+'%& $(,& :-'0$50T+& ;0%#& 4-%+(%0$5& '50+(%:& $(,& F-0(%
/+(%?9+& 4$9%(+9:6& >%):& M?0%+& +$:.& %-& :++& -(+):& 4+9:-($50%.& $(,
$?%#+(%0'0%.& %#9-?<#& %;++%:B& :-& 0%& #+54:& 3+& 105%+9& ;#-& >& ;$(%& %;-9=&;0%#&$(,&;#-&>&,-&(-%&;$(%&%-&;-9=&;0%#6&H(&$&:-'0$5&5+/+5B&>
5-/+&E;0%%+9&*+'$?:+&0%&$55-;:&3+&%-&*+&:-'0$5&;0%#&-%#+9:&$%&$(.

%03+&-1&%#+&,$.&-9&(0<#%6&>&?:+,&%-&5-/+&%#+&:-'0$5&'-(/+9:$%0-(:
3.&'-;-9=+9:&;-?5,&#$/+&$%&%#+&'-11++3$=+9B&$(,&(-;&E;0%%+9
<0/+:&3+&%#+&$*050%.&%-&#$/+&%#$%&:-'0$5&!'-11++&%$5=7&/09%?$55.6
<,#(,-#%&*+#&#),2.&/#3+1.&#3&8:+'."7#)'8&'+7(4
V+:6&Q+%&.-?9&4+9:-($50%.&:#0(+&%#9-?<#B&$(,&01&.-?&,-()%&#$/+&$
4+9:-($50%.B& *-99-;& -(+OF?:%& =0,,0(<N& \-& -(+& ;$(%:& %-& *+
190+(,:& ;0%#& :-3+-(+& -(& D$'+*--=& ;#-& -/+9;#+53:& %#+09
D$'+*--=&0(*-2&;0%#&0(/0%$%0-(:&%-&+/+(%:&%#$%&$9+&(-%&9+5+/$(%
%-&%#+36&\-&-(+&;$(%:&%-&1-55-;&:-3+-(+&-(&E;0%%+9&;#-&%;++%:
$*-?%& <9-::& -9& *-90(<& :%?116& >& ,-()%& ;$(%& %-& =(-;& %#$%& .-?& F?:%
'5+$(+,&?4&$1%+9&.-?9&,-<_&0(:%+$,&%+55&3+&:-3+%#0(<&1?((.&50=+
.-?9& ,-<& 0:& .-?9& +345-.++& -1& %#+& 3-(%#& *+'$?:+& #+
+('-?9$<+:& .-?& %-& #$/+& *9+$=:& $(,& 9+30(,:& .-?& %-& 5$?<#& $%
.-?9:+51& ;#+(& .-?& :+(,& $(& +3$05& $(,& 1-9<+%& %-& $,,& %#+
$%%$'#3+(%6&E+55&3+&$*-?%&%#+&<9+$%&(+;&<$,<+%&.-?&$9+&?:0(<
%#$%&#$:&3$,+&.-?&%-(:&-1&'$:#-5$&%#$%&3-(%#6
W:0(<& :-'0$5& 3+,0$& 0:& 50=+& 4?*50:#0(<& $& (+/+9K+(,0(<
(+;:5+%%+96& S-()%& -(5.& :+(,& 3+& 49-3-& :%?11B& *?%& <0/+& 3+
/$5?$*5+B& ?:+1?5& 0(1-93$%0-(& :-& >& '$(& :++& .-?& $:& %#+& +24+9%& 0(
.-?9&10+5,&$(,&>&#$/+&$&9+$:-(&%-&9+1+9&-%#+9:&%-&.-?6&E#+&*-%%-3
50(+& 0:& %-& <0/+&/$5?$*5+B& 9+5+/$(%B& $(,& ?:+1?5& 0(1-93$%0-(& %+:%$*50:#&.-?9:+51&$:&%#+&+24+9%6
!5#(,-#2,-/1#)%&8+#,"+#'.=#,8#)'8&'+7(#$.'%#,'%+8)#/,,:."7#',#1,
'%+#)&3+9#$%&'#$,-/1#.'#6+4
C?%-3$%+& .-?9& :-'0$5& 3+,0$& %$:=:6& E;0%%+9& '$(& ?4,$%+& .-?9
D$'+*--=&:%$%?:6&E;0%%+9&'$(&?4,$%+&%#+&:0,+*$9&-(&.-?9&:0%+6
"-9,`9+::&*5-<&4-:%:&'$(&*+&%;++%+,&;0%#&$&50(=&*$'=&%-&.-?9
4-:%6&V-?9&;#-5+&*5-<&4-:%:&'$(&*+&$?%-3$%+,&0(%-&$&D$'+*--=
\-%+6&>1&.-?&?:+&C"+*+9B&%#+(&.-?9&(+;:5+%%+9:&'$(&*+&%;++%+,
-(&E;0%%+9&$?%-3$%0'$55.&1-9&.-?6&E#+&50:%&<-+:&-(&$(,&-(N

!809:;'(<=9:'>4859;<'M3'L%+N%+%'!%O%.$6

0%+))+'!"&A)+1
E0%+))+!"&A)+1G#"HI

&
&
!"#$%&'#$&()#%&*+#(,-#-'./.0+1#),2.&/#3+1.&#).'+)4
>& ?:+,& D$'+*--=& %-& 9+$'#& -?%& %-& 3.& #0<#& :'#--5& '5$::3$%+:6
E#+&0,+$&'$?<#%&-(B&$(,&-%#+9&3+3*+9:&-1&%#+&:'#--5&:%$9%+,
9+$'#0(<&-?%&%-&'5$::3$%+:&$:&;+556&E#+&<9-?4&'?99+(%5.&*-$:%:
:+/+9$5&#?(,9+,&3+3*+9:6&H(+&1-93+9&'5$::3$%+&9+$'#+,&-?%
%-&3+&%-&'9+$%+&#+9&*0-&1-9&$&(+;&;+*:0%+&:#+&;$:&5$?('#0(<B
$(,& $(-%#+9& '-(%$'%+,& 3+& %-& ;90%+& #+9& 9+:?3+6& L-%#& 49-F+'%:
9+:?5%+,&0(&+(,-9:+3+(%:&-(&Q0(=+,>(&$(,&8+9'#$(%I09'5+&$(,
$,,0%0-($5& 9+1+99$5:6& >& #$/+& ?:+,& E;0%%+9& %-& '-((+'%& ;0%#& %#+
3+,0$B& $(,& $:& $& 9+:?5%B& >& #$/+& *++(& M?-%+,& 0(& $& :.(,0'$%+,
'-5?3(6&>&$3&$5:-&?:0(<&E;0%%+9&%-&,90/+&9+$,+9:&%-&3.&*5-<&$(,
3.& ;+*:0%+6& H(& Q0(=+,>(& >& #$/+& ?:+,& %#+& $(:;+9:& 1+$%?9+& %4-:0%0-(& 3.:+51& $:& $(& +24+9%& $(,& %-& $:=& 9+'9?0%+9:& :4+'010'
M?+:%0-(:&%#$%&F-*&:++=+9:&;$(%&%-&=(-;&%#+&$(:;+9:&%-6&>&?:+,
%#+09&9+:4-(:+:&$:&%#+&*$:0:&1-9&:+/+9$5&*5-<&4-:%:6&>&$5:-&?:+
Q0(=+,>(&1-9&'50+(%:&;#-&$:=&1-9&9+1+9+('+:6&E#0:&#$:&:4++,+,
?4&%#+&:$5+:&49-'+::&:0<(010'$(%5.6
;%.2%#%&)#6++"#(,-8#5&*,8.'+#),2.&/#3+1.&#).'+#),#5&8#&"1#$%(4
D$'+*--=6& >%& 1++5:& 50=+& .-?& $9+& :0%%0(<& $9-?(,& %#+& 50/0(<& 9--3
'#$%%0(<&0%&?4&;0%#&.-?9&190+(,:B&'-55+$<?+:B&$(,&'50+(%:6&>%&1++5:
50=+&%#+&3-:%&($%?9$5&3+,0?3&%-&3+&$(,&%#+&45$%1-93&%#$%&0:&%#+
3-:%&1?(6
<,#(,-#%&*+#&#),2.&/#3+1.&#3&8:+'."7#)'8&'+7(4
>& ?:+& Q0(=+,>(& %-& +:%$*50:#& 0(,?:%9.& 9+5+/$('+B& 49-3-%+& 3.
*9$(,B& $(,& 4-:0%0-(& 3.:+51& $:& $(& +24+9%& 0(& 3.& 10+5,6& >& ?:+
D$'+*--=& %-& :#$9+& '$9++9& 0(1-93$%0-(& $(,& 4-:%& +/+(%:6& >& ?:+
E;0%%+9& %-& :#$9+& 034-9%$(%& %04:& $(,& 50(=:& %-& $9%0'5+:& $(,& 4-:%:

;0%#& 3.&$?,0+('+6& >& $5:-& ?:+& 0%& %-& 1-55-;& 3.& '-34+%0%-9:& $(,
%#-?<#%&5+$,+9:&0(&%#+&'$9++9:&$(,&:-'0$5&3+,0$&:4$'+6
!5#(,-#2,-/1#)%&8+#,"+#'.=#,8#)'8&'+7(#$.'%#,'%+8)#/,,:."7#',#1,
'%+#)&3+9#$%&'#$,-/1#.'#6+4
W(,+9:%$(,& %#$%& *+0(<& -(& $& :-'0$5& 3+,0$& 45$%1-93& 9+M?09+:& $
'+9%$0(& $3-?(%& -1& %9$(:4$9+('.B& $(,& %#$%):& (-%& $& *$,& %#0(<6
G-3+%03+:&0%&3$=+:&:+(:+&%-&*90,<+&%#+&,0/0,+&*+%;++(&.-?9
4+9:-($5& $(,& 49-1+::0-($5& 501+6& "#+(& 4+-45+& '$(& :++& $(-%#+9
:0,+&-1&.-?B&.-?&*+'-3+&3-9+&9+$5B&3-9+&%9?:%;-9%#.B&$(,&3-9+
'9+,0*5+6&Q+%%0(<&4+-45+&0(&%-&.-?9&4+9:-($5&501+&@;0%#0(&9+$:-(A
'$(& #+54& *?05,& .-?9& *9$(,& $(,& #+54& .-?& '5-:+& 3-9+& :$5+:& -9
1-:%+9&3-9+&3+$(0(<1?5&9+5$%0-(:#04:6&G-'0$5&3+,0$&0:&(-%&F?:%&$
1$,6& [/+9.-(+& :#-?5,& %$=+& -;(+9:#04& -1& #0:& -9& #+9& -(50(+
0,+(%0%.B&*+'$?:+&+/+(%?$55.&:-3+-(+&0:&<-0(<&%-&^--<5+&.-?6
`?%&.-?9&*+:%&1--%&1-9;$9,B&$(,&3$($<+&.-?9&-(50(+&49+:+('+
*.& '9+$%0(<& %$:%+1?5& $(,& *9$(,+,& 49-105+:& -(& %#+& =+.& :-'0$5
3+,0$&:0%+:6

!809:;'(<=9:'>4859;<'P3'0+%$/'=+"&&)--6'L$.
<.*1
EFFFGL$.<.*1K$.)G#"HI

&
&
!"#$%&'#$&()#%&*+#(,-#-'./.0+1#),2.&/#3+1.&#).'+)4
"+)9+&'-(:%$(%5.&'#$(<0(<&$(,&?4<9$,0(<&;#$%&;+&1-'?:&-(&1-9
:-'0$5&%--5:6&"+&?:+&E;0%%+9&1-9&-?9&3-(%#5.&-(50(+&%$:%0(<:&$(,
#$/+& ,+/+5-4+,& -?9& -;(& :0%+B&;;;6E;0%%+9E$:%+Q0/+6'-3B& $:
,09+'%&$''+::&%-&-?9&49-<9$36&"+&$9+&$'%0/+&-(&D$'+*--=&$:
;+55&$(,&#$/+&9+'+(%5.&*+<?(&/0,+-&4-:%0(<:&?:0(<&%#+&$54#$&-1
a]:+'-(,:6%/_& ;+)9+& '?99+(%5.& +245-90(<& $,,0%0-($5

+(#$('+3+(%:& %-& *-%#& :0%+:& @;;;6*0(+(,:;0(+6'-3& $(,

;;;6%;0%%+9%$:%+50/+6'-3A& %#$%& ;055& '9+$%+& $& 3?'#& 3-9+
0(%+9$'%0/+&+24+90+('+&1-9&-?9&?:+9:6
;%.2%#%&)#6++"#(,-8#5&*,8.'+#),2.&/#3+1.&#).'+#),#5&8#&"1#$%(4
"+& #$/+& *?05%& %#+& 1-?(,$%0-(& -1& -?9& (+%;-9=:& -(& E;0%%+9
*+'$?:+&;+&10(,&%#$%&;+&$9+&$*5+&%-&9+$'#&-?%&%-&3-9+&4+-45+
%#$(&;0%#&$(.&-%#+9&45$%1-936&"0%#&$&M?0'=&abcK'#$9$'%+9&4-:%B
;+&$9+&$*5+&%-&9+$'#&%#-?:$(,:&-1&4+-45+B&50%+9$55.B&$55&-/+9&%#+
;-95,6& E;0%%+9& $(,&;;;6E;0%%+9E$:%+Q0/+6'-3& @-?9& -(50(+& ;0(+
%$:%0(<U:-'0$5& 3+,0$& 3-(%#5.& :+90+:A& $9+& $5;$.:& %#+& %-4& %;9+1+99+9:&%-&;;;6L0([(,:"0(+6'-36
<,#(,-#%&*+#&#),2.&/#3+1.&#3&8:+'."7#)'8&'+7(4
E#+&0::?+&$&5-%&-1&4+-45+&#$/+&;0%#&;+*&]6c&0:&(-%&;0%#&*$:0'
?:+&$(,&0(%+<9$%0-(&*?%&;0%#&1?55.&?(,+9:%$(,0(<&#-;&%-&?:+&0%&%,0::+30($%+& $& :4+'010'& 3+::$<+6& V-?& #$/+& %-& $,-4%& %#+
501+:%.5+B& ?(,+9:%$(,& ;#.& %#+& 4+-45+& 1-55-;0(<& .-?& $9+& $'%?$55.
1-55-;0(<&.-?B&$(,&?(,+9:%$(,&;#$%&+2$'%5.&%#+.)9+&#-40(<&%-&<+%
19-3& %#+09& 0(%+9$'%0-(& ;0%#& .-?6& >1& .-?)9+& '-(:%$(%5.& :+550(<& -9
*9-$,'$:%0(<& *?%& (-%& 50:%+(0(<& -9& 0(%+9$'%0(<& 0(%+550<+(%5.B& %#+(
.-?& ;055& <+%& %?(+,& -?%6& G+%%0(<& ?4& %#+& :-'0$5& (+%;-9=:& $(,
0(%+<9$%0(<&%#+3&0(%-&.-?9&-;(&(+%;-9=&0:&(-%&$&#$9,&%#0(<&%-&,-6
E#+&/$:%&3$F-90%.&-1&;#$%&;+&?:+&0:&-4+(&:-?9'+&$(,&:0345+&%0(%+<9$%+&$(,&?4<9$,+6&"+&*?05%&E;0%%+9&E$:%+&Q0/+&*$:+,&-11&-1
%#+&\0(<6'-3& :-'0$5& 45$%1-936& d-;+/+9B& %#+& -(<-0(<& 49-F+'%
%--=&-?9&;+*&,+:0<(&%+$3&$%&G$5%50(+&G%?,0-&-(5.&%;-&,$.:&%5$?('#6
!5#(,-#2,-/1#)%&8+#,"+#'.=#,8#)'8&'+7(#$.'%#,'%+8)#/,,:."7#',#1,
'%+#)&3+9#$%&'#$,-/1#.'#6+4
L+& 4$%0+(%B& $(,& *+& ;0550(<& %-& $,$4%& %-& ;#$%& .-?9& ?:+9:& ;$(%6
S-()%&:+55B&:+55B&:+55_&F?:%&<+%&.-?9&3+::$<+&-?%B&$(,&-/+9&%03+
.-?&;055&*+&1-?(,6

!809:;'(<=9:'>4859;<'Q3'!R)&'S"+"F$-T6
>+$.#$C&)*'>+"O$EFFFG>+$.#$C&)*>+"O$-G#"HI

&
!"#$%&'#$&()#%&*+#(,-#-'./.0+1#),2.&/#3+1.&#).'+)4
E-&,-&%#+&1-55-;0(<P
e&L?05,&3.&9+4?%$%0-(
e&L?05,&3.&(+%;-9=&$(,&,+/+5-4&190+(,:#04:&;0%#&4+-45+
e& E?9(& :-3+& -1& %#-:+& 190+(,:#04:& 0(%-& (+;& 0('-3+& :%9+$3:B
:4+$=0(<&-44-9%?(0%0+:B&+%'6
e&G#$9+&9+:-?9'+:&>)/+&1-?(,&@:-&3?'#&+$:0+9&%-&4-:%&$&%;++%&%#$(
<-&%#9-?<#&%#+&S0<<&-9&G%?3*5+W4-(&49-'+::A
e&[245-9+&9+:-?9'+:&-%#+9:&#$/+&1-?(,
e&D0(,&-44-9%?(0%0+:&%-&<+%&'-/+9+,&0(&%#+&3+,0$B&%-&:4+$=B&$(,&%40%'#&1-9&;-9=
e&f$:%5.&0('9+$:+&%#+&9+$'#&-1&3.&*5-<&*.&1++,0(<&0%&0(%-&D$'+*--=
$(,&`5$2e&8++%&-%#+9:&;-9=0(<&$%&%#+&0(%+9:+'%0-(:&*+%;++(&:-'0$5&'#$(<+
$(,&3$9=+%0(<
;%.2%#%&)#6++"#(,-8#5&*,8.'+#),2.&/#3+1.&#).'+#),#5&8#&"1#$%(4
E;0%%+9N&>)3&$&9+'+(%&'-(/+9%B&$(,&>)3&F?:%&$3$T+,&#-;&+$:.&0%&0:
%-& '-((+'%& ;0%#& 4+-45+B& #-;& 3?'#& ?:+1?5& 0(1-93$%0-(& 0:
+2'#$(<+,B& #-;& 1$:%& 3.& (+%;-9=& 0:& <9-;0(<B& $(,& #-;& #+541?5
4+-45+&$9+6&L?%&>&10(,&$:&3.&(+%;-9=&<9-;:B&>&30::&1$9&3-9+&%#$(
>&:++6&>&%.40'$55.&'#+'=&%#9++&-9&1-?9&%03+:&$&,$.&$(,&5--=&%;-&-9
%#9++&:'9++(:&*$'=6&L?%&(-;B&$&:'9++(&1055:&?4&0(&%#9++&%-&10/+
30(?%+:6
<,#(,-#%&*+#&#),2.&/#3+1.&#3&8:+'."7#)'8&'+7(4
8-9+&-/+9$55&<?0,0(<&490('045+:P&%-&*+&#+541?5_&%-&4?%&?4&:%9-(<
'-(%+(%_&%-&$/-0,&'$%10<#%:_&%-&=++4&$&<--,&*$5$('+&-1&4+9:-($5B
*?:0(+::B& 4-50%0'$5B& $(,& :+51K49-3-%0-($5& $(,& %-& (-%& ;$:%+& 3.

%03+&1-55-;0(<&4+-45+&;#-&<+%&;$.&-11&-(&%#0:&*$5$('+_&%-&=++4
%90/0$&%-&$&30(03?3_&$(,&%-&0('5?,+&:-3+&9+1+9+('+&1-9&'-(%+2%
;#+(&(+'+::$9.6
!5#(,-#2,-/1#)%&8+#,"+#'.=#,8#)'8&'+7(#$.'%#,'%+8)#/,,:."7#',#1,
'%+#)&3+9#$%&'#$,-/1#.'#6+4

&
L+&$?%#+(%0'&$(,&#+541?5N

!809:;'(<=9:'>4859;<'U3'V$.%'!26'VR$.,
!$HC&)'W"F
EVR$.,!$HC&)W"FG#"HI

&
!"#$%&'#$&()#%&*+#(,-#-'./.0+1#),2.&/#3+1.&#).'+)4
>)/+& ?:+,& :-'0$5& 3+,0$& :0%+:& %-& +24-:+& 3.& ;+*& '-(%+(%& %-& (+;& $(,
+20:%0(<&9+$,+9:6&G-3+&%04:&>)/+&1-?(,&?:+1?5&;#+(&?%050T0(<&%#+:+&:0%+:P
e&(%,)'H%.X'H2-2%&'O+$).*1G&[:4+'0$55.&-(+:&;#-&:#$9+&:0305$9
0(%+9+:%:& %-& %#-:+& +249+::+,& -(& .-?9& :0%+6& ^+%& %#+09& +3$05
$,,9+::+:B& $(,& '-33?(0'$%+& ;0%#& %#+3& -?%:0,+& -1& :-'0$5
3+,0$&:0%+:6
e&0".-+$N2-)'1"H)-R$./'21)O2&'-"'-R)'#"HH2.$-XG&C(,&(-%&F?:%
:4$330(<& %#+& :0%+& ;0%#& 50(=:& 19-3& .-?9& ,-3$0(6& G#$9+
9+:-?9'+:&$(,&'-(%+(%&%#$%&.-?)/+&1-?(,&0(%+9+:%0(<B&0(:4090(<B&-9
?:+1?56
e& L)' C)+1".%N&)' %.*' %#-$A)&X' C%+-$#$C%-)G& C(:;+9& +3$05:B
M?+:%0-(:B&$(,&9+M?+:%:6
e& S)&C'"-R)+1G& H(+& -1& 3.& 1$/-90%+& :$.0(<:& 0:B& !E-& <+%& ;#$%& .-?
;$(%B& #+54& -%#+9:& <+%& ;#$%& %#+.& ;$(%& 109:%67& >%):& %9?+6& ^+(?0(+5.
$(,&$'%0/+5.&#+54&-%#+9&*5-<<+9:&49-3-%+&%#+09&:%?11_&;#+(&.-?
#$/+&:-3+%#0(<&<9+$%&4?*50:#+,B&%#+.)55&50=+5.&;$(%&%-&#+54&.-?B
%--6

>)/+& #$,& <9+$%& 9+:?5%:& :-& 1$96& >)/+& :4+(%& T+9-& ,-55$9:& -(& $,/+9%0:0(<
$(,& :-5+5.& 49-3-%+& 3.& :0%+B&E#0(=G0345+\-;6'-3B& %#9-?<#& :-'0$5
3+,0$&'#$((+5:6&"0%#0(&%#+&109:%&%#9++&3-(%#:B&%#+&:0%+&+2'++,+,&]Bccc
:?*:'90*+9:6& "0%#0(& $& .+$9B& %#+& :0%+& <9+;& %-& acBccc& :?*:'90*+9:& $(,
gccBccc&3-(%#5.&4$<+&/0+;:6&>&$3&$5:-&$*5+&%-&+$9(&$&1?55K%03+&0('-3+
%#9-?<#&%#+&;+*:0%+6
;%.2%#%&)#6++"#(,-8#5&*,8.'+#),2.&/#3+1.&#).'+#),#5&8#&"1#$%(4
>(&%#+&1-55-;0(<&-9,+9P
a 6&!-2HN&)YC".3& V-?& '$(& M?0'=5.& <$0(& %9$110'& 19-3& F?:%& $& 1+;
4+-45+&:#$90(<&$&50(=&1-9&.-?9&:0%+6&>&$5:-&5-/+&%#+&'-33?(0%.&-(
GW_&4+-45+&$9+&4$::0-($%+&$*-?%&%#+09&1$/-90%+&'$%+<-90+:6&V-?
'$(&$5:-&'-(:0:%+(%5.&10(,&?:+1?5&$(,&-90<0($5&'-(%+(%6
]6&=$//3&H(&%#+&9$9+&-''$:0-(&%#$%&-(+&-1&3.&$9%0'5+:&#0%:&%#+&19-(%
4$<+B&%#+&:?9<+&0(&%9$110'&0:&4#+(-3+($56&>%):&(-%&%#+&%9$110'&%#$%&>
:++=&*?%&%#+&+24-:?9+&%#$%&5+$,:&%-&(+;&4-%+(%0$5&9+$,+9:&%#$%
3$=+:&S0<<&:4+'0$56
g6&5%#)N"",3&>%&<0/+:&.-?&%#+&-44-9%?(0%.&%-&'-((+'%&;0%#&4+-45+
-(&$&3-9+&4+9:-($5&5+/+5&$(,&1-55-;&;#$%&%#+.)9+&?4&%-6
b6&VF$--)+3&V-?&'$(&+$:05.&:49+$,&?:+1?5&50(=:&%-&3$(.&4+-45+6&>%):
$& '$:?$5& $(,& 5-;K190'%0-(& ;$.& %-& '-((+'%& ;0%#& 4+-45+O+/+(
0(%+9(+%&!'+5+*90%0+:67
<,#(,-#%&*+#&#),2.&/#3+1.&#3&8:+'."7#)'8&'+7(4
8++%& $(,& '-((+'%& ;0%#& $:& 3$(.& *5-<<+9:& $(,& :-'0$5& 3+,0$
+(%#?:0$:%:&$:&4-::0*5+6
!5#(,-#2,-/1#)%&8+#,"+#'.=#,8#)'8&'+7(#$.'%#,'%+8)#/,,:."7#',#1,
'%+#)&3+9#$%&'#$,-/1#.'#6+4
`9-,?'+& 0(%+9+:%0(<B& /$5?+K4$'=+,B& $(,& +$:.K%-K?(,+9:%$(,
'-(%+(%& -9& :+9/0'+:6& 8$=+& 0%& ;-9%#& :-3+-(+):& %03+& $(,
$%%+(%0-(6&C55&%#+:+&:-'0$5&3+,0$&:%9$%+<0+:&'$(&<+%&.-?&:-3+
%9$110'&%+34-9$905.B&*?%&01&.-?&,-()%&#$/+&%#+&'-(%+(%&-9&49-,?'%&%'$4%?9+&%#+09&$%%+(%0-(B&0%):&$&;$:%+&-1&.-?9&+11-9%:6

!809:;'(<=9:'>4859;<'Z3'0&%$+)'0%+-".6
0%+-".'0".12&-$./
!"#$%&'#$&()#%&*+#(,-#-'./.0+1#),2.&/#3+1.&#).'+)4
8.&1093&0:&I$9%-(&I-(:?5%0(<_&%#+&'50+(%&0:&^-?'#+9&I-55+<+6&E#+
:4+'010'& 49-<9$3& >& 49-3-%+,& 1-9& %#+3& ;$:& %#+& 3$:%+9):& 0(
'?5%?9$5& :?:%$0($*050%.O$& %-%$55.& (+;& 49-<9$3& -(& $& %-%$55.& (+;
%-40'&$(,&%#+&-(5.&-(+&-1&0%:&=0(,&0(&%#+&W(0%+,&G%$%+:6
H(& D$'+*--=B& >& '9+$%+,& $& <9-?4& 1-9& %#+& 49-<9$3& $(,
(+%;-9=+,& ;0%#& 4+-45+& 0(%+9+:%+,& 0(& %#+& %-40'_& >& $5:-& ,0,& 4$0,
$,:&@;#0'#&;+9+&/+9.&:?''+::1?5A6
>&'9+$%+,&$&*5-<&1-9&%#+&49-<9$3&*.&%#+&49-<9$3&,09+'%-96&E#0:
0(0%0$%+,& $& (?3*+9& -1& '-(/+9:$%0-(:& $(,& :#-;+,& $(& ?4;$9,
%9+(,& -(& L5-<`?5:+B& $:& 0%& ,9-/+& %9$110'& %-& %#+09& #-3+& 4$<+6
8+(%0-(:&*.&-%#+9&*5-<<+9:&#+54+,&$5:-6
>&,+10(+&:-'0$5&3+,0$&9$%#+9&*9-$,5._&>&,-()%&%#0(=&%#+9+):&/$5?+
0(&:+4$9$%0(<&?(4$0,&-(50(+&`Z&19-3&!:-'0$5&3$9=+%0(<67&"+&,0,
$& 5-%& -1& ,09+'%-9.& 50:%0(<:& -(50(+B& $(,& %#+.& ,9-/+& %9$110'_& $5:0,+$50:%6-9<& ;$:& $& #?<+& #+54& 1-9& ?:B& *-%#& 0(& %#+& ?(4$0,& 50:%0(<
$(,&%#+09&1$09:6
;%.2%#%&)#6++"#(,-8#5&*,8.'+#),2.&/#3+1.&#).'+#),#5&8#&"1#$%(4
>& ;-?5,& :$.& D$'+*--=& #$:& ,90/+(& %#+& 3-:%& $;$9+(+::& $(,
9+:4-(:+6& L?%& %#+& '$34$0<(& #$:& *++(& :-& 0(%+<9$%+,O%9$110'
9+$55.& ,0,& !$<<9+<$%+7& 19-3& $& #?<+& (?3*+9& -1& 45$'+:6& E+(
4+-45+&#+9+B&%+(&4+-45+&%#+9+&'$(&$,,&?4&1$:%&01&.-?&#$/+&#0%&%#+
%$9<+%:&+/+9.;#+9+&%#+.&50/+6
<,#(,-#%&*+#&#),2.&/#3+1.&#3&8:+'."7#)'8&'+7(4
V+:6& >%& *+<0(:& ;0%#& ?(,+9:%$(,0(<& %#+& %$9<+%& 3$9=+%& %-& $& EP
,+10(0(<& %#+& /+9.& :4+'010'& (0'#+& .-?)9+& <-0(<& $1%+96& E#+(B
9+:+$9'#B& 9+:+$9'#B& 9+:+$9'#P& "#+9+& 0:& %#0:& $?,0+('+& -(50(+J
"#$%&0:&%#+09&*+#$/0-9J&H(5.&%#+(&'$(&.-?&'-3+&?4&;0%#&$&:-'0$5
3$9=+%0(<&45$(6&V-?&$5:-&#$/+&%-&=++4&$(&-4+(&30(,6&`+-45+
,+10(0(<& !:-'0$5& 3$9=+%0(<7& :-& ($99-;5.& $(,& *$,5.O%#+.& ,-()%

?(,+9:%$(,&;#$%&0%&0:6&[::+(%0$55.B&0%):&$&4?*50'&9+5$%0-(:&$'%0/0%.
%#$%& 9+M?09+:& $& 5-%& -1& 3$(?$5& 5$*-9& $(,& '-(%+(%& ,+/+5-43+(%6
D-'?:0(<& %#$%& +11-9%& -(& %#+& 45$'+:& ;#+9+& 4+-45+& :4+(,& %#+09
%03+&@$(,&0%&3$.&(-%&*+&$&:-'0$5&!(+%;-9=0(<7&:0%+A&0:&:%055&:-'0$5
3$9=+%0(<6&!G3$9%&%$9<+%0(<7&0:&%#+&-(5.&;$.&%-&<-6
!5#(,-#2,-/1#)%&8+#,"+#'.=#,8#)'8&'+7(#$.'%#,'%+8)#/,,:."7#',#1,
'%+#)&3+9#$%&'#$,-/1#.'#6+4
S-()%&$445.&%#+&:$3+&:+%&-1&:0%+:&-9&3+,0$&%-&+/+9.&:0(<5.&'50+(%
-9& 49-<9$3& -9& 49-,?'%6& V-?& 9+$55.& #$/+& %-& *+& :3$9%& $(,
%$9<+%+,6&>1&.-?&,-()%&?(,+9:%$(,&.-?9&$?,0+('+B&.-?&;055&1$056
`#05-:-4#0'$55.B&>&%#0(=&4+-45+&$9+&:#-9%K:0<#%+,&$*-?%&:-'0$5
3$9=+%0(<6&E#+&49-<9$3&>&-?%50(+,&#+9+O;#0'#&0(/-5/+,&(-%&-(5.
D$'+*--=& $(,& %#+& 50=+& *?%& $5:-& 0('5?,+,& *5-<:B& ,09+'%-90+:B
1-9?3:B& 49+::& 9+5+$:+:B& 9$,0-B& 3$9=+%0(<& -?9& +24+9%:B& 9+$5
'-(%+(%& ,+/+5-43+(%B& -1150(+& $'%0/0%0+:B& $(,& :-& -(O;$:
%9+3+(,-?:5.& :?''+::1?56& "+& :$;& 0('9+3+(%$5& 0('9+$:+:& 0(
%9$110'&%-&-?9&#-3+&$(,&$445.&4$<+:&-1&gcc&%-&hcc&4+9'+(%&'()
*%#+,-&!>(%+<9$%+,7&3$.&*+&$&4$::+&'-('+4%&(-;B&*?%&0%):&:%055
%9?+6&V-?&'$()%&+24+'%&3$<0'&;0%#&!:-'0$5&(+%;-9=0(<7O%#+9+):
%--&3?'#&(-0:+6&C&9+$55.&<9+$%&'$34$0<(&50=+&%#0:&$449-$'#+:
%#+& 49-*5+3& %#+& :$3+& ;$.& %9$,0%0-($5& 3+,0$& 45$((0(<& $5;$.:
#$:P&*.&#0%%0(<&%#+&%$9<+%&;0%#&1-'?:+,&3+::$<+:&0(&$&(?3*+9&-1
3+,0$& $(,& *?05,0(<& 19+M?+('.& $(,& 9+$'#& -/+9& %03+B& $(,& (-%
*+0(<&'5-:+,K30(,+,&-9&%9.0(<&%-&#0%&%#+&!(+2%&*0<&%#0(<67

!809:;'(<=9:'>4859;<'[3'0R+$1'7)$)+6'\J
EFFFG\JG#"HI

&
!"#$%&'#$&()#%&*+#(,-#-'./.0+1#),2.&/#3+1.&#).'+)4
"+&:%$9%+,&-?9&+(%9.&0(%-&:-'0$5&3+,0$&;0%#&$&*$:0'&!1-9?3:&$(,
*5-<:7& :0%+6& "+& #$,& %-& :%$9%& :-3+;#+9+B& $(,& %#0:& :++3+,& $

5-<0'$5&:%+46&E#+&<-$5&;$:&%-&:0345.&<0/+&4+-45+&$&45$'+&%-&<$(,& $:=& M?+:%0-(:B& $(,& #-4+1?55.& <+%& $(:;+9:6& H?9& #-4+& ;$:
%#$%&;+&'-?5,&%$=+&%#0:&:0345+&$'%&-1&:-'0$50T0(<&$&49-*5+3&$(,
<9-;&0%&0(%-&$&/0*9$(%&0(%+9$'%0/+&'-33?(0%.&?%050T0(<&$&*9-$,+9
+11-9%&%#9-?<#&/$90-?:&1-93:6
H('+& ;+& 1055+,& $& :-50,& (++,& ;0%#& %#+& '-33?(0%.& :0%+B& ;+
;$(%+,&%-&45$(&-?%&-?9&(+2%&:%+46&H?9&(+2%&+11-9%&;$:&%-&+:%$*50:#
$& 49+:+('+& 0(& ;#$%& ;+& :$;& ;+9+& %#+& %#9++& 4055$9:& -1& :-'0$5
3+,0$6&L$:+,&-(&$,,0%0-($5&9+:+$9'#B&;+&$5:-&1-?(,&%#0:&%-&*+
;#+9+&$&1$09&(?3*+9&-1&-?9&!'-33?(0%.7&:4+(%&%03+&$:&;+556
a6&Q0(=+,>(
]6&D$'+*--=
g6&E;0%%+9
Q0(=+,>(& #$:& $& <--,& (+%;-9=& -1& 4+-45+& $:& ;+55& $:& $'%0/+
<9-?4:& $(,& ,0:'?::0-(:6& "+& ?%050T+& Q0(=+,>(& $:& $& ;$.& %+(<$<+& 0(& %#+& '-(/+9:$%0-(& -''?990(<& $*-?%& -?9& 10+5,& -1
+24+9%0:+&@"-9=15-;&$(,&L`8A6&"+&$5:-&3$0(%$0(&$&'-94-9$%+
49-105+& %-& *+%%+9& $55-;& 4+-45+& %-& 10(,& ?:& $(,& <+%& *$:0'
0(1-93$%0-(& -(& ;#-& ;+& $9+& (-& 3$%%+9& ;#+9+& %#+.& 5--=& @+6<6B
D$'+*--=B&Q0(=+,>(B&E;0%%+9B&^--<5+B&+%'6A6
D$'+*--=&;+&$9+&:%055&+24+903+(%0(<&;0%#B&;-9=0(<&%-&10<?9+
-?%&;#$%&;-9=:&*+:%6&"+&0(0%0$55.&:$;&$&<--,&,+$5&-1&0(%+9$'%0-(
$(,&%9$110'&-(&D$'+*--=&;#+(&;+&:%$9%+,&+(<$<0(<&%#+9+6&"+
#$/+&4$<+:&$(,&<9-?4:&'9+$%+,&1-9&%;-&-1&-?9&%#9++&49-,?'%:
$(,&?:+&%#+3&%-&4-:%&*$:0'&0(1-93$%0-(&$(,&(+;:6&"+&$5:-&?:+
%#+3&%-&:#$9+&+/+(%&0(1-93$%0-(&$(,&5+%&4+-45+&=(-;&;#$%&;+
$9+&?4&%-&$(,&#-;&%-&<+%&0(/-5/+,&;0%#&?:&0(&:-3+&;$.6
E;0%%+9&#$:&*++(&%#+&3-:%&/+9:$%05+&%--5&1-9&?:6&"+&#$/+&?:+,
0%&+2%+(:0/+5.6&G+/+9$5&-1&?:&#$/+&F-0(+,&?4&$(,&9+<?5$95.&0(%+9$'%
;0%#& %#+& '-33?(0%.6& >& 4+9:-($55.& $5:-& $3& '-(:%$(%5.& :+$9'#0(<
-?%& 4+-45+& ;#-& #$/+& M?+:%0-(:& $*-?%& X]& $(,U-9& M?+:%0-(:
$*-?%&9+5$%+,&%-40':&:?'#&$:&G#$9+`-0(%B&"-9=15-;B&L`8B&$(,
:-& -(6& >1& >& :++& 4+-45+& $:=0(<& M?+:%0-(:& $*-?%& -(+& -1& -?9
49-,?'%:&-9&:%9?<<50(<B&>&%9.&%-&#+54B&$(,&>&$5:-&5+%&%#+3&=(-;&;+
$9+& #+9+& 01& %#+.& #$/+& 1++,*$'=& $(,U-9& $(.& 0::?+:6& E#+& 3$0(

<-$5&#+9+&0:&F?:%&%-&<0/+&4+-45+&$(-%#+9&$/+(?+&%-&0(%+9$'%&;0%#
?:6&>%&0:&/+9.&034-9%$(%&%-&?:&%#$%&;+&+(:?9+&01&:-3+-(+&#$:&$
M?+:%0-(&-9&#$:&1++,*$'=&%#$%&#+&-9&:#+&#$:&$&'#$((+5&%-&/-0'+
%#$%B&9+<$9,5+::&-1&%03+B&45$'+B&1-93$%B&-9&3+,0?36
;%.2%#%&)#6++"#(,-8#5&*,8.'+#),2.&/#3+1.&#).'+#),#5&8#&"1#$%(4
8.&1$/-90%+&:-'0$5&3+,0$&:0%+&%#?:&1$9&#$:&*++(&E;0%%+96&>&#$/+
1-?(,&0%&%-&*+&%#+&3-:%&/+9:$%05+&$(,&0(%+9$'%0/+6&>&$3&9+<?5$95.
$*5+&%-&0(%+9$'%&;0%#&X]&'?:%-3+9:&$(,&4$9%(+9:6&"+&#$/+&$5:*++(&/+9.&:?''+::1?5&0(&+24$(,0(<&-?9&'-33?(0%.&0(&-%#+9&;$.:6
"+& $9+& 9+<?5$95.& $*5+& %-& (-%& -(5.& <+%& 1++,*$'=& 19-3& -?9
'-33?(0%.B&*?%&$5:-&=++4&%#+3&0(1-93+,&$(,&#+54&50(=U(+%;-9=
%#+3&%-<+%#+96&E#0:&#+54:&%-&<9-;&-?9&'-33?(0%.&$(,&3$=+&0%
3-9+&0(%+9$'%0/+6
<,#(,-#%&*+#&#),2.&/#3+1.&#3&8:+'."7#)'8&'+7(4
"+&#$/+&$&1+;&<?0,0(<&490('045+:&0(&:-'0$5&3+,0$6
a6&8C).'%1'H%.X'#R%..)&1'-"'"2+'#"HH2.$-X'%1'C"11$N&)G
E#0:&;055&+($*5+&$:&3$(.&4+-45+&0(&-?9&'-33?(0%.&%-&0(%+9$'%
;0%#&?:&0(&$&;$.&%#$%&0:&3-:%&'-31-9%$*5+&$(,&+$:.&1-9&%#+36
]6&L)'C%+-'"O'-R)'#".A)+1%-$".G&"+&(++,&%-&<+%&-?%&%#+9+&$(,
F-0(&0(%-&%#+&,0:'?::0-(:&%#$%&$9+&<-0(<&-(&$*-?%&(-%&-(5.&-?9
49-,?'%&*?%&$5:-&-?9&0(,?:%9.&$(,&9+5$%+,&<+(9+:6&S-0(<&:-&(-%
-(5.&#+54:&3$=+&4+-45+&$;$9+&-1&?:B&*?%&$5:-&$55-;:&?:&%+24$(,&-?9&'-33?(0%.&$(,&#+54&9$0:+&%#+&0(%+9$'%0-(&5+/+5:6
g6&(%,)'%&&'#".A)+1%-$".1'"C).'%.*'N$*$+)#-$".%&G&E9?5.&5--=
1-9&%#+&0(%+9$'%0-(&$(,&(-%&F?:%&%$=+&-44-9%?(0%0+:&%-&*9-$,'$:%6
b6&L)'%2-R).-$#G&S-&(-%&%9.&%-&#0,+&(+<$%0/+&0(1-93$%0-(B&*?%
9$%#+9&5+%&4+-45+&:++&0%B&$(,&%#+(&5+%&%#+3&:++&#-;&.-?&102&0%6
h6&(%.%/)'-R)'$.-).-G&H?9&0(%+(%&0(&:-'0$5&3+,0$&0:&%-&0(%+9$'%&$(,
*+&%#+9+&1-9&4+-45+6&[(:?9+&%#$%&$55&,+'0:0-(:&3$,+&3$4&%-&%#$%6
!5#(,-#2,-/1#)%&8+#,"+#'.=#,8#)'8&'+7(#$.'%#,'%+8)#/,,:."7#',#1,
'%+#)&3+9#$%&'#$,-/1#.'#6+4
E#+& 4903$9.& '-34-(+(%& -1& $(.& :-'0$5& 3+,0$& +11-9%& :?99-?(,:
0(%+(%&$(,&$?%#+(%0'0%.6&E-&*+&%9?5.&:?''+::1?5B&$&'-34$(.&3?:%

%$=+&$&:%+4&*$'=&$(,&?(,+9:%$(,&;#.&%#+.&$9+&+(<$<0(<&0(&$
:-'0$5&3+,0$&+11-9%&$(,&%#+(&3?:%&$?%#+(%0'$55.&1-55-;&%#$%&0(%+(%6
\-%&*+0(<&%9?+&0(&%#0:&+11-9%&;055&+/+(%?$55.&*+&:++(&$:&19$?,?5+(%
$(,& <9+$%5.& ,$3$<+& .-?9& 9+4?%$%0-(& $(,& #0(,+9& .-?9& $*050%.& %-4+(5.&0(%+9$'%&;0%#&%#-:+&.-?&:++=&-?%6&>&*+50+/+&%#$%&%-&*+&3-:%
+11+'%0/+&0(&%#0:&<+(9+B&.-?&3?:%&*+&0(&0%&1-9&%#+&90<#%&9+$:-(:6
V-?& 3?:%& *+& 0(& 0%& 1-9& %#+& '?:%-3+9& $(,& %-& #+54& #03& -9& #+9& 0(
:-3+& ;$.6& E#+& 9+5$%0-(:#04& %#$%& +20:%:& *+%;++(& $& 4+9:-(& -9
+(%0%.& $(,& -%#+9:& 0(& %#+& :-'0$5& (+%;-9=& 3?:%& *+& *0,09+'%0-($5_
*-%#&4$9%0+:&3?:%&*+(+10%&1-9&0%&%-&*+&+11+'%0/+6&>&:++&%--&3$(.
'-34$(0+:& -?%& %#+9+& 5--=0(<& %-& *9-$,'$:%& $(,& F?:%& 4?:#
0(1-93$%0-(& -?%& 9$%#+9& %#$(& 5--=0(<& %-& %9?5.& 0(%+9$'%& $(,& 50:%+(6
E#+.& -1%+(& :$.& %#+.& $9+& %#+9+& %-& 50:%+(B& *?%& %#+09& %9?+& 0(%+(%& 0:
-1%+(&?(/+05+,&$%&:-3+&4-0(%6
>& #0<#5.& 9+'-33+(,& *+1-9+& $(.-(+& /+(%?9+:& -?%& %#+9+& $(,
:%$9%:& %$5=0(<& %-& 4+-45+& %#9-?<#& :-'0$5& 3+,0$& %#$%& #+& -9& :#+
50:%+(& 109:%6& ^+%& $& *+%%+9& ?(,+9:%$(,0(<& 1-9& ;#-& 4+-45+& $9+B
;#+9+&%#+.&$9+B&$(,&;#$%&%#+.&$9+&:$.0(<6&E#+(&:++=&%-&*+&4$9%
-1&%#+&'-(/+9:$%0-(6

!809:;'(<=9:'>4859;<']3'S)%-R)+'KR%&$./6
0"1-%'=)A%2&E0"1-%=)B%2&-G#"HI

&
!"#$%&'#$&()#%&*+#(,-#-'./.0+1#),2.&/#3+1.&#).'+)4
>(&S+'+3*+9&]cciB&I-:%$&S+f$?5%&4$9%(+9+,&;0%#&%#+&I-$50%0-(
1-9&%#+&d-3+5+::&-1&I+(%9$5&D5-90,$&%-&$,,&:-'0$5&3+,0$&%-&0%:
$59+$,.& :%9-(<& 4?*50'& 9+5$%0-(:& $(,& 3$9=+%0(<& +11-9%:6& I-:%$
S+f$?5%& $::0:%+,& ;0%#& 0(0%0$5& 9+:+$9'#B& 50:%+(0(<B& $(,& :%9$%+<.
,+/+5-43+(%6&E#+&I-$50%0-(&1-'?:+,&-(&10/+&4903$9.&<-$5:P
a6&>('9+$:+&-(50(+&*9$(,&9+'-<(0%0-(6

]6&Z+$'#&$&(+;&,+3-<9$4#0'6
g6& >('9+$:+& '-33?(0'$%0-(B& $(,& '9+$%+& $& ,0$5-<& ;0%#
,-(-9:B&/-5?(%++9:B&$,/-'$%+:B&$(,&:%$=+#-5,+9:6
b6&`-:0%0-(&%#+&I-$50%0-(&$:&$(&$?%#-90%.&-(&#-3+5+::(+::6
h6&[('-?9$<+&$'%0/+&0(/-5/+3+(%&;0%#&%#+&I-$50%0-(6
`+9&%#+&9+'-33+(,$%0-(:&0(&%#+&45$(B&%#+&I-$50%0-(&'9+$%+,&$
*5-<B& $:& ;+55& $:& D$'+*--=& $(,& E;0%%+9& $''-?(%:6& @E#+.& $5:+:%$*50:#+,&V-?E?*+&$(,&D50'=9&$''-?(%:B&;#0'#&$9+&0(&?:+&*?%
$9+& (-%& $:& $'%0/+6A& \+2%B& %#+& -9<$(0T$%0-(& 0,+(%010+,& $& :%$11
4+9:-(& ;#-& ;-?5,& *+& 9+:4-(:0*5+& 1-9& 3-(0%-90(<& $(,
4$9%0'04$%0(<&0(&:-'0$5&(+%;-9=:O0(&$,,0%0-(&%-&#+9&+20:%0(<&`Z
$(,&3$9=+%0(<&9+:4-(:0*050%0+:6&G4+'010'$55.B&#+9&30::0-(&;$:&%4$9%0'04$%+& 0(& :-'0$5& (+%;-9=:& %-& '-((+'%& ;0%#& 5-'$5& 9+:0,+(%:
$(,&*?:0(+::+:6
;%.2%#%&)#6++"#(,-8#5&*,8.'+#),2.&/#3+1.&#).'+#),#5&8#&"1#$%(4
E#+& '-3*0($%0-(& -1& D$'+*--=B& E;0%%+9B& $(,& %#+& *5-<& #$/+
;-9=+,&;+55&1-9&%#+&I-$50%0-(6&H(+&*.&0%:+51&;-?5,()%&*+&(+$95.&$:
+11+'%0/+6&E#+&I-$50%0-(&#$:&*++(&$*5+&%-&5+/+9$<+&%#+&0(%+945$.
*+%;++(& %#+& %#9++& (+%;-9=:& $(,& %#+& I-$50%0-():& +20:%0(<
;+*:0%+B&+$'#&-1&;#0'#&9+$'#+:&$&,011+9+(%&$?,0+('+B&49-/0,0(<
-44-9%?(0%0+:& %-& 9+4?94-:+& '-(%+(%6& >(:%+$,& -1& 9+0(/+(%0(<& %#+
;#++5B& $& *5-<& 4-:%& '$(& *+& :#$9+,& -(& E;0%%+9& $(,& D$'+*--=6
Q0=+;0:+B&$&D50'=9&$5*?3&'$(&*+&4-:%+,&%-&$55&%#9++&(+%;-9=:6&L.
?(,+9:%$(,0(<& #-;& %#+& :0%+:& '-345+3+(%& +$'#& -%#+9B& %#+
I-$50%0-(&#$:&*++(&$*5+&%-&+2%+(,&%#+09&:-'0$5&3+,0$&+11-9%:&%%#9++&(+%;-9=:&;0%#-?%&<+(+9$%0(<&%#9++&%03+:&%#+&;-9=6
<,#(,-#%&*+#&#),2.&/#3+1.&#3&8:+'."7#)'8&'+7(4
V+:N& I-:%$& S+f$?5%& $(,& %#+& I-$50%0-(& $9+& 1093& *+50+/+9:& 0(
%$=0(<&$&:%9$%+<0'&$449-$'#&%-&:-'0$5&3+,0$6&C1%+9&$55B&.-?&(++,
%-&*+&$*5+&%-&F?:%01.&%#$%&%03+&:4+(%&-(&E;0%%+9&-9&*5-<<0(<&0:&$
<--,& ?:+& -1& 9+:-?9'+:6& D-9& %#+& I-$50%0-(B& %#$%& 3+$(%
+:%$*50:#0(<& 3+$:?9$*5+& -*F+'%0/+:B& :?'#& $:& !0('9+$:+& ;+*
%9$110'&*.&ac&4+9'+(%B7&!*+&3+(%0-(+,&-(&-?%:0,+&*5-<&4-:%:&$%
5+$:%& %;+5/+& %03+:& 4+9& .+$9B7& $(,& !-*%$0(& *?5=& ,-($%0-(:& -1

:4+'010'& 0(K=0(,& 0%+3:& $%& 5+$:%& %#9++& %03+:& $& .+$9& 19-3& :-'0$5
3+,0$&j$:=:6)7
E-& +(:?9+& %#+09& +11-9%:& $50<(+,& ;0%#& %#+09& -*F+'%0/+:B& %#+
I-$50%0-(&*+<$(&%#+&49-'+::&;0%#&9+:+$9'#6&L+1-9+&4$9%0'04$%0(<
0(& $(.& -(50(+& '-(/+9:$%0-(:B& %#+& I-$50%0-(& %--=& %#+& %03+& %?(,+9:%$(,&;#0'#&(+%;-9=:&$9+&3-:%&?:+,&*.&%#+&4+-45+&%#+.)9+
%9.0(<& %-& 9+$'#6& >(& $,,0%0-(B& %#+& I-$50%0-(& 50:%+(+,& %'-(/+9:$%0-(:& $59+$,.& %$=0(<& 45$'+& %-& 1$3050$90T+& %#+3:+5/+:
;0%#& +$'#& (+%;-9=):& :?*'?5%?9+O$& =+.& 4$9%& %-& :-'0$5& 3+,0$
:?''+::6
C1%+9&%#+&9+:+$9'#&4#$:+B&%#+&I-$50%0-(&5$0,&%#+&<9-?(,;-9=
1-9&%#+09&-;(&:-'0$5&3+,0$&+11-9%:B&'9+$%+,&+345-.++&<?0,+50(+:
1-9& :-'0$5& 3+,0$& 4$9%0'04$%0-(B& '9+$%+,& 49-105+:& -(& %$9<+%+,
:0%+:B&$(,&*+<$(&%-&$,,&'-(%+(%&$(,&4$9%0'04$%+&0(&,0:'?::0-(:6
[/$5?$%0-(& 0:& $& =+.& '-34-(+(%& %-& %#+09& :-'0$5& 3+,0$
+(<$<+3+(%6& >:& %#+09& (+%;-9=& <9-;0(<J&C9+& 4+-45+& +(<$<0(<
$(,& 0(%+9$'%0(<& ;0%#& %#+& '-(%+(%& %#+.& '9+$%+J& >:& %9$110'& %-& %#+09
;+*:0%+&0('9+$:0(<J&>:&%#+&(+%;-9=&:%9-(<&+(-?<#&%-&3$=+&0(K
=0(,&,-($%0-(:J
!5#(,-#2,-/1#)%&8+#,"+#'.=#,8#)'8&'+7(#$.'%#,'%+8)#/,,:."7#',#1,
'%+#)&3+9#$%&'#$,-/1#.'#6+4
8$(.& (-(49-10%:& $(,& *?:0(+::+:& ,-()%& #$/+& %#+& 9+:-?9'+:& %'9+$%+&$(&+(%09+&!:-'0$5&3+,0$&,+4$9%3+(%67&>(:%+$,B&%#+.&(++,
%-&0(%+<9$%+&:-'0$5&3+,0$&0(%-&%#+09&'?99+(%&9+:4-(:0*050%0+:6&C&%04
%-&3$=+&%#$%&3-9+&3$($<+$*5+P&>(:%+$,&-1&'9+$%0(<&$&49-105+&-(
+/+9.&(+%;-9=B&*+<0(&*.&+(<$<0(<&F?:%&$&1+;6&^+%&%#+&#$(<&-1
%#-:+B&*+'-3+&$&/$5?+,&3+3*+9&-1&%#+&(+%;-9=B&$(,&%#+(&%#0(=
$*-?%& +24$(,0(<& .-?9& 49+:+('+6& E#+& I-$50%0-(& '#-:+
D$'+*--=B&E;0%%+9B&$(,&*5-<<0(<&*+'$?:+&%#+.&$50<(&;0%#&%#+09
-/+9$55& <-$5:6& V+:B& .-?& (++,& %-& 3-(0%-9& =+.;-9,:& -(& -%#+9
(+%;-9=:B&*?%&%#$%&,-+:()%&3+$(&.-?&(++,&%-&3$0(%$0(&$(&$'%0/+
49+:+('+& +/+9.;#+9+6& D-9& 3-:%& -9<$(0T$%0-(:B& %#$%):& F?:%& (-%
9+$50:%0'6
E#+&I-$50%0-(&'$(&49-/0,+&$&50%$(.&-1&:%$%0:%0':&%-&055?:%9$%+&%#+

/$5?+&-1&%#+09&:-'0$5&3+,0$&+11-9%:O0('5?,0(<&E;0%%+9&1-55-;+9:_
D$'+*--=&1$(:_&*5-<&%9$110'B&;#0'#&'-(%0(?+:&%-&0('9+$:+&+/+9.
3-(%#_& $(,& 0(*-?(,& 50(=:6& L?%& %#+& 3-:%& +11+'%0/+& ;$.& %,+3-(:%9$%+& %#+& /$5?+& -1& :-'0$5& 3+,0$& 0:()%& 0(& %#+:+& 3+%90':6
G-'0$5& 3+,0$& 3$%%+9:& %-& %#+& I-$50%0-(& *+'$?:+& ;#+(& %#+.
(++,+,& +2%9$& #+54B& %#+09& -(50(+& (+%;-9=O4+-45+& ;#-& ;+9+
:%9$(<+9:&F?:%&3-(%#:&$<-O:%+44+,&?4&%-&%#+&45$%+6
E#+& +'-(-30'& %?9*?5+('+& 5+,& %-& $& ,9$:%0'& ,9-4& 0(& 1--,
,-($%0-(:& 19-3& 0(,0/0,?$5:& $(,& 0(& %#+& 1--,& :?4450+:& $/$05$*5+
19-3& 5-'$5& 1--,& *$(=:6& E-& #+54& 3++%& %#+& :#-9%$<+& 1$'0(<& %#+
I-$50%0-(B& %#+.& ,+'0,+,& %-& %+:%& %#+& :%9+(<%#& -1& %#+09& -(50(+
(+%;-9=&*.&5$?('#0(<&$&*-5,&'#$55+(<+&%-&%#+&5-'$5&'-33?(0%.P
%#+& !H95$(,-& jI$()& I$9+& I#$55+(<+67& E#0:& :-'0$5K3+,0$K,90/+(
1--,& ,90/+& ;$:& 49-3-%+,& /0$& E;0%%+9B& D$'+*--=B& $(,& %#+
-9<$(0T$%0-():&*5-<6
S?90(<& %#+& ;++=K5-(<& '#$55+(<+B& %#+& I-$50%0-(& %;++%+,& $(,
D$'+*--=+,& ?4,$%+:& $:& (+;& ,-($%0-(:& ;+9+& *9-?<#%& 0(& $(,
4-:%+,&4#-%-:&%-&D50'=9&-1&+$'#&,-($%0-(&-9&<9-?46&L.&%#+&+(,&-1
%#+& ;++=B& ;0%#& -(5.& $& 1+;& #-?9:& -1& :%$11& %03+& 0(/+:%+,& 0(& %#+
49-F+'%B&%#+&I-$50%0-(&;$:&:?9490:+,&%-&5+$9(&%#$%&%#+09&(+%;-9=
49-,?'+,&aBccc&4-?(,:&-1&1--,6
E#$%):& F?:%& -(+& +2$345+& %#$%& 055?:%9$%+:& ;#.& %#+& %03+& :4+(%
*?05,0(<&$(,&'?5%0/$%0(<&$(&-(50(+&(+%;-9=&0:&%03+&;+55&:4+(%&1-9
%#+&I-$50%0-(&1-9&%#+&d-3+5+::6

!809:;'(<=9:'>4859;<'?^3'5%-R)+'0R+$1
V)+R)16'4"H%.$%.'7+)),D0%-R"&$#':11"#$%-$".
E4"7#%G"+/I

&
!"#$%&'#$&()#%&*+#(,-#-'./.0+1#),2.&/#3+1.&#).'+)4
"+&?:+,&%#+&:-'0$5&3+,0$&;+*:0%+:&%-&10(,&$(,&<+%&0(&%-?'#&;0%#
%#+&49-4+9&4+-45+&;#-&'-?5,&*+'-3+&:.34$%#+%0'&%-&-?9&'$?:+

$(,& #+54& ?:& *90(<0(<& $;$9+(+::& $*-?%& %#+& ,0:'9030($%0-(& $(,

4+9:+'?%0-(&-1&%#+&^9++=KI$%#-50'&30(-90%.&0(&Z-3$(0$6
H?9& $'%0/0%.& 0:& $& 50%%5+& *0%& ,011+9+(%& 19-3& %#$%& -1& 3-:%& -1& %#+
(-(49-10%& -9<$(0T$%0-(:& 0(& %#+& W(0%+,& G%$%+:_& %#+9+1-9+& >& ;-?5,
50=+& %-& *90+15.& ,+:'90*+& ;#$%& ;+& ,-& :-& %#$%& .-?& '$(& *+%%+9
?(,+9:%$(,&;#.&$(,&#-;&;+&?:+,&%#+&:-'0$5&3+,0$&;+*:0%+:6
E#+& Z-3$(0$(& ^9++=KI$%#-50'& C::-'0$%0-(B& -1& ;#0'#& >& $3
49+:0,+(%B& :?44-9%:& %#+& ^9++=KI$%#-50'& 30(-90%.& 0(& Z-3$(0$B
;#0'#& 0:& '?99+(%5.& 1$'0(<& $& '?5%?9$5& $(,& 9+50<0-?:& '5+$(:0(<6& >(
akbi& %#+& I-33?(0:%& 9+<03+& $*-50:#+,& %#+& ^9++=KI$%#-50'
I#?9'#& 0(& Z-3$(0$& $(,& 4+9:+'?%+,& 0%:& *0:#-4:B& 490+:%:B& $(,
*+50+/+9:&1-9&%#+09&9+50<0-?:&/0+;:6&C1%+9&%#+&1$55&-1&'-33?(0:3&0(
Z-3$(0$& 0(& akikB& ,+:40%+& %#+& 1$'%& %#$%& -?9& I#?9'#& ;$:
9+'-<(0T+,& $<$0(& *.& %#+& <-/+9(3+(%B& %#+& ,0:'9030($%0-(& $(,
4+9:+'?%0-(& '-(%0(?+,B& #?(,9+,:& -1& %#-?:$(,:& -1& ^9++=K
I$%#-50'&*+50+/+9:&'-(%0(?0(<&%-&#$/+&%#+09&90<#%:&/0-5$%+,6&C5-(<
;0%#& %#+& 49+::?9+& -(& -?9& 4+-45+B& %#+& Z-3$(0$(& <-/+9(3+(%
:%$9%+,& $& ($%0-($5& '$34$0<(& %-& ,+:%9-.& %#+& ^9++=KI$%#-50'
#+90%$<+B&%+(:&-1&-?9&'#?9'#+:&*+0(<&,+3-50:#+,&-9&,+:%9-.+,
0(&%#+&5$:%&%;-&,+'$,+:6&E#+&W6G6&S+4$9%3+(%&-1&G%$%+&9+4-9%+,
%#+:+& /0-5$%0-(:& $(,& $*?:+:& $<$0(:%& -?9& '-33?(0%.& 0(& 3$(.
9+4-9%:&,?90(<&%#+&.+$9:6
E#+& 3$0(& '#$55+(<+& %#$%& ;+& #$,& ;$:& %#+& 1$'%& %#$%& 3-:%
C3+90'$(:& ,0,()%& =(-;& $(.%#0(<& $*-?%& %#+:+& $*?:+:& %$=0(<
45$'+&0(&Z-3$(0$_&%#+9+1-9+B&%#+&109:%&%#0(<&%#$%&;+&,0,&;$:&%*?05,& $&;+*:0%+& %-& +24-:+& %#0:& :0%?$%0-(6& E#+& ;+*:0%+& ;$:
-4%030T+,& 1-9& :+$9'#& +(<0(+:B& $(,& ;+& ?:+,& 3$(.& -1& %#+
%+'#(0M?+:&9+5$%+,&%-&:+$9'#&+(<0(+&3$9=+%0(<&0(&-9,+9&%-&<+%
3-9+& +24-:?9+& %-& -?9& ;+*:0%+& $(,& #$/+& 0%& ;+55& 9$(=+,& 1-9
'+9%$0(&=+.;-9,:&%#$%&;+9+&9+5$%+,&%-&-?9&'$?:+6
H?9&109:%&$449-$'#&$1%+9&%#+&5$?('#&-1&%#+&;+*:0%+&;$:&%-&?:+
%#+&9+<?5$9&3+,0$&%-&+24-:+&%#+&:0%?$%0-(&0(&Z-3$(0$6&"+&:+(%
$&49+::&9+5+$:+&-?%&?:0(<&-(+&-1&%#+&3+,0$&;09+&;+*:0%+:6&"+
$5:-&:+(%&%#+&49+::&9+5+$:+&,09+'%5.&%-&%#+&3$0(&(+;:4$4+9:&0(
%#+&W(0%+,&G%$%+:B&*?%&%#+&+24-:?9+&;$:&/+9.&5030%+,6

I-(:0,+90(<&%#+&$3-?(%&%#$%&;+&4$0,&%-&,0:%90*?%+&%#+&49+::
9+5+$:+&/+9:?:&%#+&9+%?9(&0(&'-/+9$<+B&;+&:--(&9+$50T+,&%#$%&%#0:
0:& (-%& %#+& 4$%#& %-& <-& 01& ;+& ;$(%& %-& #+54& -?9& '-33?(0%.& 0(
Z-3$(0$6& "+& 5+$9(+,& 19-3& +24+90+('+& @$(,& -?%& -1& -?9& -;(
4-'=+%A&%#$%&0(&%#+&5-(<&%+93B&0%&0:&*+%%+9&%-&*?05,&$&9+5$%0-(:#04
;0%#&:-3+*-,.&;#-&;90%+:&$*-?%&$&:?*F+'%&9+5$%+,&%-&-?9&'$?:+
$(,& 3$=+& %#$%& 4+9:-(& $;$9+& %#0:& ;$.& $*-?%& %#+& :0%?$%0-(& 0(
Z-3$(0$&%#$(&%-&F?:%&:4$3&#03&-9&#+9&;0%#&49+::&9+5+$:+:6&E#0:
0:&%#+&3-3+(%&;#+(&;+&:;0%'#+,&%#+&:%9$%+<.&$(,&;+&:%$9%+,
?:0(<& %#+& :-'0$5& 3+,0$& ;+*:0%+:& %-& 10(,& $(,& <+%& 0(& %-?'#& ;0%#
4+-45+&;#-&'-?5,&*+'-3+&:?44-9%0/+&-1&-?9&'$?:+6
"+& :%$9%+,& ?:0(<& Q0(=+,>(B& D$'+*--=B& $(,& E;0%%+9& %-& 10(,
F-?9($50:%:B& *5-<<+9:B& -9& $(.& -%#+9& %.4+& -1& ;90%+9:& ;#-& ;+9+
;90%0(<&$*-?%&9+50<0-?:&$11$09:B&1-9+0<(&$11$09:B&#?3$(&90<#%:B&-9
$(.&-%#+9&,-3$0(&%#$%&;$:&'-((+'%+,&:-3+#-;&%-&-?9&'$?:+6
W:0(<&%#0:&$449-$'#B&;+&;+9+&$*5+&%-&10(,&$(,&<+%&0(&%-?'#
;0%#&$&5-%&-1&;90%+9:_&3$(.&-1&%#+3&$:=+,&1-9&3-9+&,+%$05:&$*-?%
%#+&:0%?$%0-(&0(&Z-3$(0$B&$(,&:-3+&-1&%#+3&+/+(&;9-%+&$&40+'+
-9&9+4?*50:#+,&-?9&49+::&9+5+$:+:6&E#0:&;$:&$&<9+$%&'#$('+&1-9
3+&%-&+:%$*50:#&$&4+9:-($5&9+5$%0-(:#04&;0%#&3$(.&-1&%#+36&"+
#$,&3$(.&-1&%#+3&$::0:%0(<&?:&;0%#&$,/0'+&-9&+/+(&#+540(<&?:
;90%0(<& 49+::& 9+5+$:+:6& H(+& -1& %#+3& 9+'+(%5.& :%$9%+,& #+9& -;(
9$,0-& %$5=& :#-;& $(,& 0(/0%+,& 3+& 1-9& $(& 0(%+9/0+;& *.& %#+& +(,& -1
G+4%+3*+96&"0%#-?%&%#+&:-'0$5&3+,0$&;+*:0%+:B&>&,-()%&%#0(=&;+
;-?5,)/+& *++(& $*5+& %-& 10(,& :-& 3$(.& 4+-45+& :?44-9%0/+& -1& -?9
'$?:+6
;%.2%#%&)#6++"#(,-8#5&*,8.'+#),2.&/#3+1.&#).'+#),#5&8#&"1#$%(4
>(&-?9&'$:+B&%#+&:-'0$5&3+,0$&;+*:0%+&%#$%&#+54+,&?:&%#+&3-:%
;$:&Q0(=+,>(6
"+& ;+9+& ?:0(<& D$'+*--=& $(,& E;0%%+9& $:& ;+55B& *?%& Q0(=+,>(
;$:&*.&1$9&%#+&*+:%&;+*:0%+&%-&10(,&$(,&<+%&0(&%-?'#&;0%#&4+-45+
;#-&'-?5,&#+54&-?9&'$?:+6
"+& #$,& $& /+9.& :4+'010'& <9-?4& -1& 4+-45+& %#$%& ;+& 0(0%0$55.
%$9<+%+,B&$(,&Q0(=+,5(&-11+9+,&?:&%#+&*+:%&:-5?%0-(&%-&10(,&%#+36
>&;$:&$3$T+,&*.&%#+&:+$9'#&-4%0-(:&49-/0,+,&*.&Q0(=+,>(&$:

;+55& $:& *.& %#+& :+$9'#& 9+:?5%:6& L+'$?:+& %#+9+& $9+& :-& 3$(.
:+$9'#&-4%0-(:B&.-?&'$(&%$9<+%&.-?9&:+$9'#&/+9.&;+556&C5:-B&%#+
<9-?4:& -(& Q0(=+,5(& -11+9& .-?& $& /+9.& <--,& '#$('+& %-& =(-;
+24+9%:&$(,&%-&1-55-;&,0:'?::0-(:&19-3&'+9%$0(&10+5,:6&E#+&lmC
-4%0-(& -(& Q0(=+,5(& -11+9:& .-?& %#+& '#$('+& %-& <+%& $,/0'+& 19-3
:-3+& -1& %#+& *+:%& +24+9%:& -?%& %#+9+6& >& 3.:+51& 4-:%+,& 1+;
M?+:%0-(:&-(&Q0(=+,>(B&$(,&>&;$:&$3$T+,&*.&#-;&3$(.&4+-45+
-11+9+,&%#+09&+24+9%0:+&-(&%#+&0::?+&%#$%&>&$,,9+::+,6
>1&.-?&9+$55.&;$(%&%-&<+%&0(&%-?'#&;0%#&49-1+::0-($5:&$(,&5+$9(
19-3&%#+3B&>&;-?5,&:%9-(<5.&9+'-33+(,&Q0(=+,>(6
<,#(,-#%&*+#&#),2.&/#3+1.&#3&8:+'."7#)'8&'+7(4
>&;-?5,&9$%#+9&:$.&%#$%&>&#$/+&'+9%$0(&9?5+:&%#$%&>&1-55-;&0(:%+$,&-1
$& ,+10(+,& :-'0$5& 3+,0$& 3$9=+%0(<& :%9$%+<.6& L+'$?:+& -1& %#+
9$40,& '#$(<+:& 0(& %#+& %+'#(-5-<.B& ;+*& $4450'$%0-(:B& $(,& (+;
%$'%0':& %#$%& $9+& ,0:'-/+9+,& 1-9& #-;& %-& ?:+& %#+:+& (+;& ;+*
$4450'$%0-(:B&0%&0:&/+9.&#$9,&%-&;90%+&$&:%9$%+<.&0(&:%-(+6&d+9+&$9+
$&1+;&-1&%#+&9?5+:&%#$%&>&1-55-;P
e&8N_)#-$A)G&L+1-9+&.-?&:%$9%&45$((0(<&$(.%#0(<B&.-?&#$/+
%-& ,+'0,+& +2$'%5.& ;#$%& .-?9& <-$5& -9& -*F+'%0/+& %#$%& .-?
;$(%&%-&$'#0+/+&0:6
e& \."F' -R)' %CC+"C+$%-)' -%#-$#1' -R%-' X"2' #%.' 21)' "+
%OO"+*'-"'%#R$)A)'X"2+'"N_)#-$A)G&>1&.-?&#$/+&+(-?<#
3-(+.B&.-?&'$(&#09+&$&`Z&1093&%-&%$=+&'$9+&-1&+/+9.%#0(<
1-9& .-?6& >1& .-?&,-()%B& %#+(& .-?& #$/+& %-& 0,+(%01.& 19-3& %#+
%$'%0':& $/$05$*5+& -?%& %#+9+& %#-:+& %#$%& .-?& '$(& ?:+& -9
$11-9,& %-& $''-3450:#& .-?9& -*F+'%0/+6& D-9& +2$345+B& .-?
'$(& :+(,& $& 49+::& 9+5+$:+& %-& $55& %#+& F-?9($50:%:& 0(& %#+
W(0%+,& G%$%+:& ?:0(<& -(+& -1& %#+& (+;:;09+& :+9/0'+:
$/$05$*5+& -(50(+B& *?%& 0%& ;055& '-:%& .-?& $& 1+;& %#-?:$(,
,-55$9:6&E#0:&%$'%0'&30<#%&*+&/+9.&+11+'%0/+&1-9&.-?9&'$?:+B
*?%&'$(&.-?&$11-9,&0%J
e& >&%..$./G& H('+& .-?)/+& ,+10(+,& %#+& '5+$9& -*F+'%0/+& $(,
0,+(%010+,&%#+&%$'%0':&%#$%&.-?&'$(&?:+B&.-?&#$/+&%-&'9+$%+
$& 45$(& -9& $& :%9$%+<.& 1-9& #-;& %-& ?:+& %#+:+& %$'%0':& %-

$'#0+/+&.-?9&<-$56
e&<`)#2-$".G&`?%&.-?9&45$(&0(&$'%0-(6
e&!-%X'$.O"+H)*G&E9.&%-&:%$.&?4K%-K,$%+&;0%#&(+;:&9+5$%+,
%-& :-'0$5& 3+,0$& 3$9=+%0(<6& \+;& %$'%0':& '$(& *+
,+/+5-4+,&0(&%#0:&10+5,&%#$%&.-?&;+9+&(-%&$;$9+&-1&;#+(
.-?&:%$9%+,&.-?9&'$34$0<(6
e& L)'O&)`$N&)G& Q+$9(& 19-3& .-?9& -;(& 30:%$=+:B& $(,& $,F?:%
.-?9& 45$(6& E#0:& 30<#%& 0('5?,+& $,F?:%0(<& %#+& %$'%0':& %#$%
.-?&?:+B&+0%#+9&*+'$?:+&.-?&9+$50T+,&%#$%&-(+&-1&%#+3&0:
(-%& ;-9=0(<& -9& *+'$?:+& $& (+;& -(+& ;$:& ,+/+5-4+,B& -9
'#$(<0(<& .-?9& -*F+'%0/+& *+'$?:+& .-?& 9+$50T+,& %#$%& 0%& 0:
?($'#0+/$*5+6
!5#(,-#2,-/1#)%&8+#,"+#'.=#,8#)'8&'+7(#$.'%#,'%+8)#/,,:."7#',#1,
'%+#)&3+9#$%&'#$,-/1#.'#6+4
L+1-9+& .-?& :%$9%& .-?9& '$34$0<(B& 10(,& -?%& %#+& :%-9.& *+#0(,& %#+
'$34$0<(:&%#$%&;+9+&:?''+::1?5&$:&;+55&$:&%#-:+&%#$%&1$05+,6&>%&0:
*+%%+9&%-&5+$9(&19-3&:-3+*-,.&+5:+):&30:%$=+&%#$(&19-3&.-?9:6
G-'0$5&(+%;-9=0(<&3+$(:&0(%+9$'%0(<&;0%#&4+-45+&/09%?$55.6&L?%
50=+&;#+(&.-?&0(%+9$'%&;0%#&4+-45+&1$'+K%-K1$'+B&%#+&-%#+9&4+9:-(
'$(&9+$'%&0(&$&,011+9+(%&;$.&19-3&;#$%&.-?&+24+'%+,6&X++4&.-?9
<--,&3$((+9:B&$(,&,-()%&%$=+&0%&4+9:-($55._&F?:%&3-/+&1-9;$9,6

!809:;'(<=9:'>4859;<'??3'\%+).'(%2.26
;"A)'K$-R"2-'L"2.*%+$)1
EFFFG;"A)K$-R"2-L"2.*%+$)1G#"HI

&
!"#$%&'#$&()#%&*+#(,-#-'./.0+1#),2.&/#3+1.&#).'+)4
"+&:%$9%+,&*.&?:0(<&$&*5-<&%-&%+55&%#+&:%-90+:&-1&%#+&=0,:6&E+550(<
%#+&:%-90+:&-1&%#+&'#05,9+(&0:&:-&034-9%$(%B&*+'$?:+&0%&:#-;:&%#+
%9?+& ,011+9+('+& %#$%& 0:& *+0(<& 3$,+6& >(& S+'+3*+9& ]cciB& -?9

;+*:0%+& ;$:& #$'=+,& 0(%-B& $(,& 1-9& $& ;#05+& ;+& ;+9+& ;0%#-?%& $
;+*:0%+6& "+& ;+9+& :%055& 9+'+0/0(<& '#05,9+(& ;#-& (++,+,& '$9+O
:-3+& ;#-& (++,+,& +3+9<+('.& :?9<+9.O%#$%& ;+& '-?5,& (5-(<+9& 9$0:+& 1?(,:& 1-96& G-3+-(+& %-5,& ?:& $*-?%& %#+& D$'+*--=
^0/0(<&I#$55+(<+&:4-(:-9+,&*.&%#+&I$:+&D-?(,$%0-(&%#$%&;$:
%#9-?<#&D$'+*--=&I$?:+:6&"+&$9+&$55&3-3:B&$(,&(-(+&-1&?:
#$,&$&D$'+*--=&4$<+&$%&%#$%&%03+B&*?%&-?9&=0,:&,0,6&"+&*9$/+,
%#0:&*9$(,&(+;&;-95,&-1&:-'0$5&3+,0$&%-&:++&01&%#+9+&;-?5,&*+
$(.& ;$.& ;+& '-?5,& '-34+%+& 0(& %#0:& '-(%+:%6& >%& ,0,()%& %$=+& 5-(<
*+1-9+&;+&;+9+&#+540(<&%-&:0<(&?4&$55&-1&-?9&190+(,:B&1$305.B&$(,
$(.-(+& +5:+& ;#-& ;-?5,& #+546& E-& ;0(& %#+& '-(%+:%B& .-?& #$,& %3$=+&$%&5+$:%&$&nac&,-($%0-(&1-9&.-?9&/-%+&%-&*+&'-?(%+,6&E#+9+
;$:&$&,$05.&'-(%+:%&-1&%#+&3-:%&?(0M?+&,-($%0-(:B&$(,&+$'#&,$.
.-?&'-?5,&;0(&naBccc&@;+&;-(&%#09%++(&%03+:AB&$(,&%#+(&-/+9&%#+
;#-5+&'-(%+:%&4+90-,&@101%.&,$.:AB&%#+&3-:%&?(0M?+&/-%+9:&;-?5,
;0(&nhcBcccO$(,&;+&;-(N&"+&#$,&:-&3$(.&4+-45+&#+540(<O
'-55+<+& :%?,+(%:& <-0(<& ?4& $(,& ,-;(& ,-93& 15--9:B& (?9:+:& ;#*9-?<#%&%#+09&'-34?%+9:&%-&;-9=B&4+-45+&;#-&:$%&0(&G%$9*?'=:
%9.0(<&%-&<+%&/-%+9:6&"+&#$,&$&:5-<$(P&1-9&nac&.-?&'$(&:$/+&ac
50/+:6&>(&I#0($B&$&#+$9%&:?9<+9.&0:&nhBcccB&:-&;0((0(<&nhcBccc
3+$(%&;+&'-?5,&#+$5&%+(&'#05,9+(O$(,&;+&,0,6
E#0:&;$:&%#+&:%$9%&-1&-?9&:-'0$5&3+,0$&:?''+::6&"+&$9+&(-;
?:0(<&-?9&I$?:+&4$<+&%-&?4,$%+&4+-45+&-(&%#+&'#05,9+(&;+&$9+
#+540(<B&$(,&;+&<+%&,-($%0-(:&$53-:%&-(&$&,$05.&*$:0:6&"+&$5:#$/+& -/+9& abBccc& 4+-45+& 1-55-;0(<& ?:6& "+& 1++5& %#$%& :0('+& ;+
;+9+&$59+$,.&$(&-(50(+&/09%?$5&1-?(,$%0-(B&0%&9+$55.&#+54+,&?:&%3-*050T+&4+-45+&%-&*+&$*5+&%-&#+54&;0%#&<+%%0(<&4+-45+&%-&#+546
"+& 4-:%& :%-90+:& -1& %#+& =0,:& -(& -?9& D$'+*--=& I$?:+& 4$<+
$(,&$5:-&-(&-?9&-;(&DL&4$<+:6&H?9&:%-90+:&*+'-3+&/09$5&0(&%#$%
-('+& $& :%-9.& -9& $& 4#-%-& 0:& 4-:%+,B& 3$(.& -%#+9& /-5?(%++9:& -9
:?44-9%+9:& ;055& 4-:%& 0%& -(& %#+09& 4$<+:B& %--6& G-'0$5& 3+,0$& #$:
*+'-3+&5$9<+9&%#$(&F?:%&-(+&4+9:-(&4-:%0(<_&0%&#$:&*+'-3+&$
'-33?(0%.&-1&4+-45+&:49+$,0(<&-?9&:%-90+:6
E#+&:?''+::&-(&D$'+*--=&#$:&#+54+,&?:&%-&5$?('#&0(%-&-%#+9
:0%+:B&%--6&"+&$9+&$5:-&?:0(<&E;0%%+9&$(,&Q0(=+,>(6&E;0%%+9&#$:
$5:-& *++(& /+9.& :?''+::1?5& 1-9& ?:B& $55-;0(<& ?:& %-& 4+9:-($55.

'-((+'%&;0%#&4+-45+&$(,&%+55&-?9&:%-9.6
;%.2%#%&)#6++"#(,-8#5&*,8.'+#),2.&/#3+1.&#).'+#),#5&8#&"1#$%(4
D$'+*--=B&*+'$?:+&;+&$9+&$*5+&%-&$'%0/+5.&<+%&,-($%0-(:&19-3
-?9&:?44-9%+9:&$(,&:#$9+&%#+&:%-90+:&-1&-?9&=0,:6&D9-3&%#0:B&-?9
:%-90+:&$9+&:49+$,&$55&-/+9O:-&3$(.&3-9+&4+-45+&$9+&5+$9(0(<
$*-?%&;#$%&Q"L&,-+:&*.&+$'#&-1&?:&4-:%0(<&0(&$,,0%0-(&%-&-?9
I$?:+&4$<+6&>%&0:&$&<9+$%&45$'+&1-9&4+-45+&%-&:%$.&?4,$%+,&-(
;#$%&;+&$9+&,-0(<6
<,#(,-#%&*+#&#),2.&/#3+1.&#3&8:+'."7#)'8&'+7(4
Q-/+&"0%#-?%&L-?(,$90+:&#$:&*++(&;+55&=(-;(&0(&%#+&I#0(+:+
$,-4%0-(&'-33?(0%.B&$(,&-?9&<-$5&1-9&:-'0$5&3+,0$&#$:&*++(&%*9+$=& -?%:0,+& -1& %#0:& <9-?4& $(,& %-& #$/+& 3-9+& 4+-45+& =(-;
$*-?%& -?9& ;-9=6& "#+(& ;+& :%$9%+,& *9$('#0(<& -?%:0,+& %#+
$,-4%0-(& ;-95,B& -?9& <-$5& ;$:& %9.& %-& <+%& $:& 3$(.& 4+-45+& $:
4-::0*5+&%-&5+$9(&$*-?%&-?9&;-9=6&"+&;$(%+,&4+-45+&%-&:++&#-;
#$9,& ;+& ;-9=& $(,& %-& 5+$9(& $*-?%& #-;& %#0:& /09%?$5& ;-95,;0,+
1-?(,$%0-(& -1& -/+9& ahc& /-5?(%++9:& 19-3& a]& '-?(%90+:& $(,& go
:%$%+:&0:&$*5+&%-&#+54&3-9+&%#$(&aBhcc&'#05,9+(&$&.+$96&"+&=(+;
%#$%&01&4+-45+&'-?5,&F?:%&#+$9&$*-?%&?:B&%#+.&;-?5,&;$(%&%-&5+$9(
3-9+&$(,&#+546&>%&0:&;-9=0(<N&"+&$5:-&;$(%&%-&+,?'$%+&4+-45+
-(&$,-4%0-(&$(,&5+%&4+-45+&=(-;&#-;&%-&$,-4%6&G-&1$9B&$%&5+$:%
-(+&1$305.&>&%$5=+,&%-&-(&E;0%%+9&0:&0(&%#+&49-'+::&-1&$,-4%0(<6
Q-/+& "0%#-?%& L-?(,$90+:& 0:& $(& $53-:%& $55K/-5?(%++9
1-?(,$%0-(6&E-&=++4&-?9&-/+9#+$,&%#+&/+9.&5-;+:%&4-::0*5+B&;+
,-()%& #$/+& $(& -110'+6& "+& $55& ;-9=& -?%& -1& -?9& #-3+:6& G-'0$5
3+,0$& #$:& *+'-3+& $(& +2%+(:0-(& -1& #-;& ;+& ;+9+& $59+$,.
;-9=0(<O-(50(+6&E#+&D$'+*--=&:%$11&$(,&%#+&I$:+&D-?(,$%0-(
;+9+& :#-'=+,& %#$%& $& :3$55& '#$90%.& -1& 3-3:& ;$:& $*5+& %-& ;0(
$<$0(:%&%#+&!*0<7&'#$90%0+:6&E#+&9+$:-(&%#$%&;+&;+9+&$*5+&%-&;$:
*+'$?:+&;+&$59+$,.&,0,&:-&3?'#&;-9=&-(50(+6
!5#(,-#2,-/1#)%&8+#,"+#'.=#,8#)'8&'+7(#$.'%#,'%+8)#/,,:."7#',#1,
'%+#)&3+9#$%&'#$,-/1#.'#6+4
E#+&-(+&%04&%#$%&;+&;-?5,&-11+9&0:&%-&*+&<+(?0(+B&#-(+:%B&$(,

%9$(:4$9+(%6&"#+(&4+-45+&'$(&:++&;#-&.-?&9+$55.&$9+B&%#+.&;055
F-0(&0(&$(,&:%$9%&%-&:49+$,&.-?9&3+::$<+B&%--6&>%&0:&50=+&$&5$9<+
*$(,;$<-(& %#$%& -%#+9:& :%$9%& #-440(<& -(B& $(,& ;0%#& %#0:B& .-?9
3+::$<+&:%$9%:&:49+$,0(<&1$9&$(,&;0,+6

!809:;'(<=9:'>4859;<'?J3';%2+).'5$1#R)+6
W<<='(%/%T$.)
EW<<=(%/%T$.)G#"HI

&
!"#$%&'#$&()#%&*+#(,-#-'./.0+1#),2.&/#3+1.&#).'+)4
"#+(&>&109:%&'$3+&%-&.//0&3$<$T0(+B&$&50%%5+&-/+9&$&.+$9&$<-B
%#+& 4?*50'$%0-(& ,0,()%& 9+$55.& #$/+& $& :-'0$5& 3+,0$& 49+:+('+6
.//012&*5-<&$(,&;+*:0%+&;+9+&?4,$%+,&,$05.B&*?%&%#+9+&;+9+
(-&:-'0$5&3+,0$&45$%1-93:&%-&49-3-%+&%#+&:%-90+:6&"+&,+'0,+,
%-&:%$9%&$&E;0%%+9&$''-?(%&@p(++,3$<$T0(+A&$(,&$&D$'+*--=
4$<+6& "+)9+& '?99+(%5.& '9+$%0(<& $& 3-9+& 1-93$5& :-'0$5& 3+,0$
45$%1-93&;0%#&R?:%3+$(:&%-&9+$'#&:-'0$55.&30(,+,&*?:0(+::+:6
L+0(<&$&4#-%-<9$4#.K*$:+,&3$<$T0(+B&;+&$5:-&#$/+&$''-?(%:
;0%#&(?3+9-?:&4#-%-&:0%+:&@D50'=9B&`L$:+B&+%'6A6&"+&?:+&$55&-1
%#+:+& :0%+:& %-& 1?9%#+9& $(,& 49-3-%+& '-(/+9:$%0-(& ;0%#& -?9
9+$,+9:6& "+& $5:-& '9-::K4-:%&.//0&*5-<:B&-%#+9&#?3$(0%$90$(
:%-90+:B&$(,&-110'+&(+;:6
;%.2%#%&)#6++"#(,-8#5&*,8.'+#),2.&/#3+1.&#).'+#),#5&8#&"1#$%(4
>& 9+$55.& 50=+& ?:0(<& D$'+*--=& *+'$?:+& >& $3& $*5+& %-& %9$'=& ;#$%
!1$(:7& 50=+& $(,& ,0:50=+& $(,& +/+(& 9+:4-(,& %-& %#+& 1$(:& ;#'-33+(%&-(&-?9&4$<+6&>(&$,,0%0-(&%-&%#+&'-(%+(%&%#$%&>&4-:%B&-?9
1$(:&$9+&$5:-&$*5+&%-&?45-$,&%#+09&-;(&4#-%-:B&/0,+-:B&$(,&50(=:6
E#0:&5+/+5&-1&0(%+9$'%0-(&3$=+:&D$'+*--=&3-9+&/$5?$*5+&%-&3+
$(,&.//0<,#(,-#%&*+#&#),2.&/#3+1.&#3&8:+'."7#)'8&'+7(4

.//012& :%9$%+<.& 0:& %-& =++4& %#+& '-(/+9:$%0-(& $50/+& +/+9.& ,$.B
;#05+&:%$.0(<&%9?+&%-&.//012&:%.5+&$(,&/-0'+6&"+&,-()%&;$(%&-?9
:-'0$5& 3+,0$& 45$%1-93:& %-& *+'-3+& :%$%0'6& E#+& 9+$:-(& ;#.& ;+
<$0(& 1$(:U1-55-;+9:UZE:& +/+9.& ,$.& 0:& *+'$?:+& ;+)9+& $'%0/+5.
?4,$%0(<& '-(%+(%6& C(-%#+9& $:4+'%& -1& -?9& :%9$%+<.& 0:& %-& *+
<+(?0(+&$(,&#$/+&$&:+(:+&-1&4+9:-($50%.6&"+&,-()%&;$(%&%-&-(5.
%;0%%+9&.//0&*5-<:&$(,&(+;:6&[/+9.&:-&-1%+(&>&;055&'-33+(%&-(
$&'?99+(%&+/+(%B&+245$0(&$(&-110'+&3++%0(<B&-9&$:=&-%#+9:&;#$%
%#+.&%#0(=&-1&$&9+'+(%&#?3$(0%$90$(&,+/+5-43+(%6
"+)9+& $& :3$55& '-34$(.B& *?%& >)3& 49-?,& -1& %#+& :-'0$5& 3+,0$
;-9=&>)/+&$''-3450:#+,&$%&.//0-&C%&%03+:&>&1++5&:055.&*+'$?:+&0%
'$(&1++5&50=+&(-&-(+&0:&9+$55.&4$.0(<&$%%+(%0-(B&*?%&%#+(&>)55&*+&$%&$
.//0&+/+(%&$(,&>)55&$:=&:-3+-(+&#-;&#+&-9&:#+&#+$9,&$*-?%&0%B
$(,&3-:%&-1&%#+&%03+B&#+&-9&:#+&;055&:$.&D$'+*--=&-9&E;0%%+96
L+0(<&$*5+&%-&*90(<&4+-45+&%-<+%#+9&%-&:?44-9%&$(&+/+(&<9+$%+9
'$?:+&@#?3$(0%$90$(&+11-9%:A&3$=+:&:-'0$5&3+,0$&acc&4+9'+(%
;-9%#&0%6
!5#(,-#2,-/1#)%&8+#,"+#'.=#,8#)'8&'+7(#$.'%#,'%+8)#/,,:."7#',#1,
'%+#)&3+9#$%&'#$,-/1#.'#6+4
L+& <+(?0(+B& $(,& ,-()%& 1-9<+%& %-& 0(%+9$'%& ;0%#& .-?9
9+$,+9:U'?:%-3+9:& U'50+(%:6& G-'0$5& 3+,0$& 0:& (-%& F?:%& 1-9
49-3-%0(<& .-?9:+51_& 0%):& $*-?%& '-33?(0'$%0-(& ;0%#& .-?9
$?,0+('+6&E#+&9+$:-(&4+-45+&$9+&1-55-;0(<&.-?&0:&*+'$?:+&%#+.
$449+'0$%+& ;#$%& .-?& ,-6& >1& .-?& 9+%?9(& %#+& $449+'0$%0-(B& %#+.)55
1++5&+/+(&3-9+&'-((+'%+,&%-&.-?&$(,&.-?9&'-34$(.6

!"#$%&%'(&!$%'#)
*+!,!& +-./0& 1!2!34! "#! $%&! '(&#")&*$! +,! -%&! ./(0&$"*1! 2&*
3(+4'! 5'(&6"+4#78! 0*+9*! /#! :7";0! -+! :7"&*$<=! /! ,477>#&(6";&! 9&?
@/(0&$"*1!/1&*;8!$%/$!#&(6&#!;7"&*$#!/(+4*)!$%&!9+(7)A!B%&!%/#!?&&*
)4??&)!C/*!+*7"*&!@/(0&$"*1!#%/@/*D!/*)!C/!@"77&**"/7!@/#$&(!+,!$%&

4*"6&(#&D! ?8! E/#$!:+@'/*8A;+@A! F&(! 7/$&#$! %+*+(! ;+@&#! ,(+@

!"#$%&##'&&()!9%";%!$/11&)!%&(!/#!+*&!+,!G+($%!H@&(";/I#!-+'!JK
L*)&(!JK!&*$(&'(&*&4(#A
B%&!%+7)#!/!@/#$&(I#!)&1(&&!"*!+(1/*"M/$"+*/7!;+@@4*";/$"+*!,(+@
$%&!L*"6&(#"$8!+,!-&N/#!/$!H4#$"*A
F&(! 9&?#"$&#=!./(0&$"*12&*A;+@! /*)! B%/@/A-O=! %/6&! ?&;+@&
%"1%>$(/,,";! )&#$"*/$"+*#! ,+(! '&+'7&! 7++0"*1! $+! #4;;&&)! +*7"*&A
:+@'/*"&#!+,!/77!#"M&#!/*)!$%&!@&)"/!+,$&*!7++0!$+!B%/@/!$+!14")&
$%&@!9%&*!"$!;+@&#!$+!$%&!6/#$!9+(7)!+,!#+;"/7!@&)"/!@/(0&$"*1A!B%&
"#! /*! "*>)&@/*)! #'&/0&(! /*)! %/#! ?&&*! */@&)! +*&! +,! $%&! PQ! .+#$
R*,74&*$"/7! /*)! S+9&(,47! T+@&*! "*! B+;"/7! .&)"/! ?8! U+*! F4)#+*I#
R@@&)"/$&!R*,74&*;&!?7+1!5?/#&)!+*!H7&N/!U/*0"*1#<A
B%/@/! (&#")&#! "*! V/77/#! 9"$%! %&(! ,/@"78=! 9%";%! "*;74)&#! %&(
%4#?/*)=! H(#%"7=! %&(! )+1=! B*++'8=! /*)! %&(! ;/$=! ./4"A! *+&, -&%, ./
0.1$23,4&5$2,426(&7$%8!"#!B%/@/I#!,"(#$!?++0A

!
W+4!;/*!(&/;%!B%/@/X
Y8!&@/"7X!B%/@/Z./(0&$"*12&*A;+@!
[*!E/;&?++0X!999AE/;&?++0A;+@\B%/@/]/?/*"!
[*!-9"$$&(X!999A-9"$$&(A;+@\B%/@/!
[*!^"*0&)R*X!999A^"*0&)R*A;+@\"*\B%/@/F8)&(

!"#$%%&''#()&#*+,+-.#,&/'+"-#"0#

!"#$%#&$'($)'*+,-$.#/+,$.,01#2+&3#
"-*+-&12+()#%"-(+-3"3'*4#356$(&6#
%"-(&-(7#,+6&"#&8(/$'7#9:;'7#
$-6#<"/&1."#("=

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

#
$-6#&-(&/#()&#5$''5)/$'&=#

01+%234&5

!"#$%&'()*+*,-.-*/$*0(121*31/14&

*
566*%&'()7*%878%98:;*<"*#1%)*"=*)(&7*/"">*21$*/8*?78:*"%*%8#%":?@8:*&4*14$*21448%
A(1)7"898%*A&)("?)*A%&))84*#8%2&77&"4*8B@8#)*&4*)(8*@178*"=*/%&8=*C?")1)&"47*82/":&8:*&4
@%&)&@16*1%)&@687*"%*%89&8A7;

D84D8661*D"">7E*F4@;*
GHH-*<;*!84)%16*IB#%877A1$E*0?&)8*J-K*
L16617E*MN*OJ,-G*
AAA;/84/8661/"">7;@"2*
084:*=88:/1@>*)"*=88:/1@>P/84/8661/"">7;@"2

*
.-QROGJHK,.

*
S&/%1%$*"=*!"4'%877*!1)16"'&4'T&4TU?/6&@1)&"4*:1)1*&7*191&61/68*="%*)(&7*)&)68;
8F0D<*V*QORT.TQKJTG.R,,TJ

*
*
L&7)%&/?)8:*/$*U8%78?7*L&7)%&/?)&"4*
())#VWWAAA;#8%78?7:&7)%&/?)&"4;@"2W

*
M"*#61@8*"%:8%7*)(%"?'(*U8%78?7*L&7)%&/?)&"4V*
M86V*XR--Y*KHKTHHQQ*
Z1BV*XR--Y*KJ.TJ-OK*
IT21&6V*"%:8%84)%$P#8%78?7/"">7;@"2
0&'4&=&@14)*:&7@"?4)7*="%*/?6>*71687*1%8*191&61/68;
U68178*@"4)1@)*[6844*\8==8)(*1)*'6844P/84/8661/"">7;@"2*"%*X,.HY*OJ-T
KG,R;