TM

Axxis Electric Dryer

Use and Care Manual Models: WTA 4400 US, WTA 4400 CN
Operating, Care and Installation Instructions
Notice d’utilsation, de maintenance et d’installation
Operacíon, cuidado e instrucciones para la instalación
(/0:3 =4 =<B3<BA
347<7B7=<A                                                                                 
!$#&("( '(- "'(&)(#"'                                                         
)&,% % %*+),+ &%* 
"'( (#" "'(&)(#"'                                                               
@FDA6G5F;A@ 
@8AD?3F;A@ 5A@57D@;@9 I3EF7 6;EBAE3> 
78AD7 ;@EF3>>;@9 F:7
6DK7D 
@EF3>>3F;A@ >A53F;A@ 
>75FD;53> 5A@@75F;A@ 
J:3GEF 3;D 5A@@75F;A@ 
@EF3>>3F;A@ k EF7B
4K
EF7B 
:75= >;EF 478AD7 GE;@9 F:7 6DK7D 
'D7B3D;@9 FA FD3@EBADF F:7 6DK7D k EF7B 4K
EF7B 
#$&(" "'(&)(#"'                                                                 
0AGD @7I 6DK7D 
'3@7> 
'C;;/@G =4 7<AB@C1B7=<A                                                                      
'/43BG 7<4=@;/B7=<                                                                           
@F7@676 ,E7 
78AD7 EI;F5:;@9 A@
F:7 6DK7D 
,E;@9 F:7 6DK7D 
'DAF75F;@9 F:7 6DK7D 
$@=B31B7=< =4
B63 3<D7@=<;3<B                                                                 
34=@3 CA7<5 B63 2@G3@ 4=@ B63 47@AB B7;3                                                        
(3;>=@/@G 27A1=<<31B7=< =4 B63 2@G3@                                                         
/C<2@G                                                                                     
67@F;8;53F;A@ A8
834D;5E 
DK;@9 F;BE 
$@=5@/; A3:31B7=<                                                                           
GFA?3F;5 BDA9D3?E 
+;?7 BDA9D3?E 
&BF;A@E 
@6;53FAD A8 BDA9D3? E7CG7@57 
+;?7D BDA9D3??;@9 8G@5F;A@ 
$@=5@/; A3:31B7=< B/0:3                                                                      
#>3@/B7=<                                                                                   
,E;@9 F:7 6DK7D 
66;@9 >3G@6DK 
'DA9D3??;@9 F:7 F;?7D 
:3/<7<5 /<2 1/@3                                                                           
>73@;@9 F:7 6DK7D 
>73@;@9 F:7 >;@F 8;>F7D 
>73@;@9 F:7 7J:3GEF 6G5F 
>73@;@9 F:7 ?A;EFGD7 E7@EAD 
(@=C0:3A6==B7<5                                                                             
*)-  3@6 )' ) 
'((!"( # +&&"(' #'  #(' &-&'                                     
J5>GE;A@E 


A@9D3FG>3F;A@E A@ :3H;@9 E7>75F76 35: 6DK7D I:;5: >73H7E AGD 835FADK
3 AE5: 5>AF:7E 6DK7D F:7 5:A;57 A8 :3E G@67D9A@7 3 F:ADAG9:
F:AE7 67?3@6 7J57BF;A@3> 6DK;@9
B7D8AD?3@57 3@6 53D7 8DA? F:7;D
B7D8AD?3@57 F7EF 3@6 ;E ;@ 8G>>
IAD=;@9 5A@6;F;A@ 8 KAG :3H7 3@K 347<7B7=<A
5>AF:7E 6DK7D CG7EF;A@E 7EB75;3>>K 5A@57D@;@9
+:;E 6DK7D 5A?B>;7E I;F:
;@EF3>>3F;A@ A8 F:7 6DK7D AGD
5GEFA?7D E7DH;57 F73? I;>> 47
d "& d
,#

>AF:7E DK7DE
:3BBK FA 3EE;EF KAG "&  +:;E ;@6;53F7E F:3F
 6;EF;@5F;H7 873FGD7 A8 KAGD 6DK7D ;E 673F: AD E7D;AGE ;@<GD;7E ?3K
GDF:7D ;@8AD?3F;A@ 3@6 3 E7>75F;A@
>AI 7@7D9K 5A@EG?BF;A@ A55GD 3E 3 D7EG>F A8 @AF
A8 AGD BDA6G5FE 53@ 47 8AG@6 A@
@ 73EK AB7D3F;A@ B:;>AEAB:K AGD I74 E;F7 A4E7DH;@9 F:;E I3D@;@9
3
H3D;7FK A8 5GEFA?;L76 6DK;@9 III 4AE5:3BB>;3@57E 5A?
BDA9D3?E 3@6 3 EA>;6 FAG5: 3@6 877>
<4=@;/B7=<
?3=7 F:;E 3BB>;3@57 3 GE7Dj8D;7@6>K
G@;F ;@ KAGD :AGE7:A>6 '>73E7 D736 3@6 8A>>AI F:7E7
d +&"" d
AB7D3F;@9 3@6 ;@EF3>>3F;A@ +&"" +:;E ;@6;53F7E F:3F
+:7 AE5: 6DK7D A887DE F:7 8A>>AI;@9
;@EFDG5F;A@E 3@6 3>> AF:7D ;@<GD;7E AD E;9@;8;53@F 63?397
EF3@63D6 873FGD7E
;@8AD?3F;A@ 7@5>AE76 I;F: F:7 6DK7D ?3K A55GD 3E 3 D7EG>F A8 @AF
 ;9: 788;5;7@5K BD75;E;A@ 6DK;@9 A4E7DH;@9 F:;E I3D@;@9
EKEF7?
 *F3;@>7EE EF77> 6DG? I;F: 3
53B35;FK GB FA  >4E  =9 d )(#" d
 AAD >A5= I;F: 3GFA?3F;5 6DG? )(#"  +:;E ;@6;53F7E F:3F
EFAB 8G@5F;A@ ?;@AD ;@<GD;7E AD 63?397 ?3K
 J57BF;A@3>>K CG;7F AB7D3F;A@ A55GD 3E 3 D7EG>F A8 @AF
A4E7DH;@9 F:;E I3D@;@9
 *7@EAD 5A@FDA>>76 3GFA 5K5>7E
 +;?76 5K5>7E GB FA  ?;@GF7E i +:;E EK?4A> ;E GE76 FA 6D3I F:7
 .D;@=>7 4>A5= 8G@5F;A@ GE7DE 3FF7@F;A@ FA ;?BADF3@F
?3FF7DE

!$#&("( '(- "'(&)(#"'
 A @AF D7B3;D AD D7B>357 3@K  +A D76G57 F:7 D;E= A8 8;D7
d +&"" d B3DF A8 F:7 3BB>;3@57 AD 3FF7?BF 5>AF:7E 5>73@;@9 D39E ?AB
3@K E7DH;57 G@>7EE EB75;8;53>>K :736E 3@6 F:7 >;=7 I:;5: :3H7
+A D76G57 F:7 D;E= A8 8;D7 7>75FD;5
D75A??7@676 ;@ F:7 FD357E A8 3@K 8>3??34>7
E:A5= E7D;AGE ;@<GDK AD 673F: FA GE7Dj?3;@F7@3@57 ;@EFDG5F;A@E EG4EF3@57 EG5: 3E H797F34>7
B7DEA@E 3@6
AD 63?397 I:7@ AD ;@ BG4>;E:76 GE7D D7B3;D A;> 5AA=;@9 A;> B7FDA>7G?
GE;@9 KAGD 6DK7D 8A>>AI 43E;5 ;@EFDG5F;A@E F:3F KAG 43E76 A;>E AD 6;EF;>>3F7E I3J7E
BD753GF;A@E ;@5>G6;@9 F:7 G@67DEF3@6 3@6 :3H7 F:7 E=;>>E 83FE 7F5  ?GEF @AF 47 B>3576 ;@
8A>>AI;@9 FA 53DDK AGF F:7 6DK7D +:7E7 ;F7?E ?3K
 A @AF GE7 834D;5 EA8F7@7DE AD 5A@F3;@ EA?7 8>3??34>7
 )736 3>> ;@EFDG5F;A@E 478AD7 BDA6G5FE FA 7>;?;@3F7 EF3F;5 EG4EF3@57E 7H7@ 38F7D
GE;@9 F:7 6DK7D AE5: 6DK7DE G@>7EE D75A??7@676 4K F:7 I3E:;@9 I:;5: ?3K E?A=7 AD
3D7 BDAH;676 I;F: &B7D3F;@9 834D;5 ?3@G835FGD7D 53F5: 8;D7 4K ;FE7>8
3D7 3@6 @EF3>>3F;A@ 
 A @AF GE7 :73F FA 6DK 3DF;5>7E  A @AF B>357 ;F7?E 7JBAE76 FA
@EFDG5F;A@E 5A@F3;@;@9 8A3? DG447D ?3K 47 5AA=;@9 A;>E ;@ KAGD 6DK7D F7?E
 A @AF 6DK 3DF;5>7E F:3F :3H7
477@ BD7H;AGE>K 5>73@76
I3E:76 EA3=76 AD EBAFF76
I;F: 93EA>;@7 6DK 5>73@;@9
EA>H7@FE AF:7D 8>3??34>7 AD
7JB>AE;H7 EG4EF3@57E 3E F:7K 
9;H7 A88 H3BADE F:3F 5AG>6 ;9@;F7
>347>76 >3F7J 8A3? AD E;?;>3D>K 5A@F3?;@3F76 I;F: 5AA=;@9 A;>E
F7JFGD76 DG447Dj>;=7 ?3F7D;3>E ?3K 5A@FD;4GF7 FA 3 5:7?;53>
A3? DG447D ?3F7D;3>E 53@ D735F;A@ F:3F 5AG>6 53GE7 3
;9@;F7 4K EBA@F3@7AGE >A36 FA 53F5: 8;D7
5A?4GEF;A@  A @AF E;F A@ FAB A8 F:7 6DK7D
 >73@ >;@F E5D77@ 478AD7 AD 38F7D  +A D76G57 F:7 D;E= A8 8;D7 AD
735: >A36 7>75FD;53> E:A5= & %&+ GE7
AD 7JB>A67  "77B 3D73 3DAG@6 F:7 7J:3GEF 3@ 7JF7@E;A@ 5AD6 AD 3@

 A @AF 3>>AI 5:;>6D7@ FA B>3K A@ AB7@;@9 3@6 36<357@F 363BF7D FA 5A@@75F F:7 6DK7D FA
AD I;F: F:7 3BB>;3@57 >AE7 EGDDAG@6;@9 3D73E 8D77 8DA? F:7 F:7 7>75FD;53> BAI7D EGBB>K
EGB7DH;E;A@ A8 5:;>6D7@ ;E 355G?G>3F;A@ A8 >;@F 6GEF 3@6 
 +:7 6DK7D ?GEF A@>K 47 GE76 8AD
@757EE3DK I:7@ F:7 3BB>;3@57 6;DF @ A4EFDG5F76 BADF ?;9:F ;FE ;@F7@676 BGDBAE7
;E GE76 @73D 5:;>6D7@ D76G57 F:7 3;D8>AI  >I3KE 5:75= BA5=7FE 3@6
 78AD7 F:7 3BB>;3@57 ;E 
 +:7 ;@F7D;AD A8 F:7 ?35:;@7 3@6 D7?AH7 3@K A4<75FE ;93D7FF7
D7?AH76 8DA? E7DH;57 AD 7J:3GEF 6G5F E:AG>6 47 >;9:F7DE 3D7 B3DF;5G>3D>K
6;E53D676 D7?AH7 F:7 6AAD FA 5>73@76 B7D;A6;53>>K 4K CG3>;8;76 :3L3D6AGE
F:7 6DK;@9 5A?B3DF?7@F E7DH;57 B7DEA@@7>  )7B>357 IAD@ AGF BAI7D 5AD6E
 A @AF D735: ;@FA F:7 3BB>;3@57  >I3KE 47 EGD7 FA G@B>G9 F:7 3@6
AD >AAE7 B>G9E
;8 F:7 6DG? ;E DAF3F;@9 6DK7D 8DA? F:7 7>75FD;53> EGBB>K 
 A @AF AB7D3F7 F:7 6DK7D ;8 3@K
 A @AF ;@EF3>> AD EFAD7 F:;E 478AD7 3FF7?BF;@9 3@K E7DH;57 9G3D6E 3@6
AD B3@7>E :3H7
3BB>;3@57 I:7D7 ;F I;>> 47 ;E5A@@75F F:7 BAI7D 5AD6 4K 477@ D7?AH76
7JBAE76 FA F:7 I73F:7D 9D3EB;@9 F:7 B>G9 @AF F:7 5AD6
 A @AF AB7D3F7 F:7 6DK7D ;8 3@K
 A @AF F3?B7D I;F: F:7  *FAD7 3>> >3G@6DK 5:7?;53>E 3@6 B3DFE 3D7 ?;EE;@9 AD 4DA=7@
5A@FDA>E 3;6E ;@ 3 5AA> 6DK B>357
 A @AF 4KB3EE 3@K E387FK
355AD6;@9 FA F:7 ?3@G835j
67H;57E
FGD7DE ;@EFDG5F;A@E ;@ 3@ 3D73
I:7D7 5:;>6D7@ 53@@AF D735:  A @AF GE7 3 B>3EF;5 AD
F:7? @A@j?7F3> 8>7J;4>7 6G5F I;F: F:;E
6DK7D '>3EF;5 AD @A@j?7F3>
8>7J;4>7 6G5F 3D7 3 BAF7@F;3> 8;D7
:3L3D6


 A @AF AB7D3F7 F:;E 6DK7D G@F;> &#)"" d +&"" d
KAG 3D7 EGD7 F:3F F:7 6DK7D
:3E
477@ ;@EF3>>76 355AD6;@9
"'(&)(#"'
+:;E 3BB>;3@57 ?GEF 47 9DAG@676 ?BDAB7D 5A@@75F;A@ A8 F:7
FA
F:7 %*+##+ &%
%*+),+ &%* 3@6 F:3F @ F:7 7H7@F A8 ?3>8G@5F;A@ AD 7CG;B?7@F 9DAG@6;@9 5A@6G5FAD
;@EF3>>3F;A@ 3@6 9DAG@6;@9 3D7 4D73=6AI@ 9DAG@6;@9 I;>> D76G57 53@ D7EG>F ;@ 3 D;E= A8 7>75FD;5
;@ 5A?B>;3@57 I;F: 3>> >A53> F:7 D;E= A8 7>75FD;5 E:A5= 4K E:A5=
D79G>3F;A@E 3@6
AD AF:7D BDAH;6;@9 3 B3F: A8 >73EF D7E;EF3@57 :75= I;F: 3 CG3>;8;76 7>75FD;5;3@
3BB>;534>7 D79G>3F;A@E 3@6 8AD F:7 7>75FD;5 5GDD7@F
AD E7DH;57?3@ ;8 KAG 3D7 ;@ 6AG4F
D7CG;D7?7@FE =@ " 3E FA I:7F:7D F:7 6DK7D ;E
 3;>GD7 FA ;@EF3>> ?3;@F3;@ +:;E 3BB>;3@57 ;E 7CG;BB76 I;F: 3 BDAB7D>K 9DAG@676
3@6
AD AB7D3F7 F:7 6DK7D 5AD6 :3H;@9 3@ 7CG;B?7@Fj
355AD6;@9 FA F:7
?3@G835j 9DAG@6;@9 5A@6G5FAD 3@6 & %&+ ?A6;8K F:7 B>G9
FGD7DE ;@EFDG5F;A@E ?3K D7EG>F ;@ 3
9DAG@6;@9 B>G9 +:7 B>G9 ?GEF 47 BDAH;676 I;F: F:7 3BB>;3@57
;@<GDK 3@6
AD 63?397 B>G9976 ;@FA 3@ 3BBDABD;3F7 AGF>7F 8
;F
I;>> @AF 8;F F:7 AGF>7F :3H7
 +A 3HA;6 8>AAD 63?397 3@6 F:3F ;E BDAB7D>K ;@EF3>>76 3@6 3
BDAB7D AGF>7F ;@EF3>>76 4K
?A>6 9DAIF: 6A @AF >7F EB;>>E AD 9DAG@676 ;@ 355AD63@57 I;F: 3>> 3
CG3>;8;76 7>75FD;5;3@
EB>3E:AGF 53GE7 EF3@6;@9 >A53> 5A67E 3@6 AD6;@3@57E
I3F7D 3DAG@6 AD G@67D F:7 $ ('
3BB>;3@57 "'(&)(#"' #&
"=B3A )()& &&"
 +:7 $'&)+%+
*,)* 3@6 @ 53E7 A8 5:3@97 A8 AI@7DE:;B
.)% %* BD7E7@F76 ;@ ?3@G3> E:AG>6 47 5A@H7K76 I;F:
F:;E ?3@G3> 6A @AF 5AH7D 3>> F:7 6DK7D
BAEE;4>7 5A@6;F;A@E F:3F
?3K A55GD
A??A@ E7@E7 53GF;A@
3@6 53D7 ?GEF 47
7J7D5;E76 I:7@ ;@EF3>>;@9
?3;@F3;@;@9 AD AB7D3F;@9
F:7 6DK7D
 >I3KE 5A@F35F KAGD
673>7D 6;EFD;4GFAD E7DH;57
397@F AD F:7 ?3@G835FGD7D
34AGF 3@K BDA4>7?E AD
5A@6;F;A@E F:3F KAG 6A @AF
G@67DEF3@6
 A>>AI 3>EA F:7 *387FK
@8AD?3F;A@ ;@ F:7
%*+##+ &%
%*+),+ &%* 3@6 F:7
&')+ %
%*+),+ &%*

'* (' "'(&)(#"'


"'( (#" "'(&)(#"'
<B@=2C1B7=< <4=@;/B7=< 34=@3 7<AB/::7<5
)736 F:7E7 ;@EF3>>3F;A@ ;@EFDG5F;A@E 1=<13@<7<5 E/AB3 B63
2@G3@
5A?B>7F7>K 3@6 53D78G>>K +:7K I;>> 27A>=A/: )<>/197<5 B63 />>:7/<13
E3H7 KAG F;?7 3@6 788ADF 3@6 :7>B FA
7A>=A/: =4 B63 >/19/57<5
7@EGD7 ABF;?G? 6DK7D B7D8AD?3@57
7 EGD7 FA A4E7DH7 3>> >;EF76 d +&"" d
I3D@;@9E 3@6 53GF;A@E d "& d +:7 6DK7D ;E H7DK :73HK A @AF
+:7E7 ;@EF3>>3F;A@ ;@EFDG5F;A@E 3D7 "77B 5:;>6D7@ 3I3K 8DA? >;8F ;F 4K KAGDE7>8 A @AF >;8F F:7
;@F7@676 8AD GE7 4K CG3>;8;76 E:;BB;@9 53DFA@ 3@6 B35=39;@9 3BB>;3@57 4K BDA<75F;@9
;@EF3>>7DE @ 366;F;A@ FA F:7E7 5A?BA@7@FE 7 9 6AAD k 6G7 FA
5A?BA@7@FE 3@97D A8
;@EFDG5F;A@E F:7 6DK7D ?GEF 47 D;E= A8 4D73=397
EG88A53F;A@ 8DA? B>3EF;5 8A;> 3@6
;@EF3>>76 ;@ 355AD63@57 I;F: 3>> >A53>
5A67E AD ;@ F:7 34E7@57 A8 3 >A53> 8A>6;@9 53DFA@E
5A67
 @ F:7 )' ;@ 355AD63@57
>> B35=39;@9 ?3F7D;3>E 3D7
7@H;DA@?7@F3>>K 8D;7@6>K 3@6 53@ 47
d )(#" d
I;F: F:7 %3F;A@3> >75FD;5 A67 D7GE76 '>73E7 6;EBAE7 A8 )7?AH7 F:7 3BB>;3@57 B35=39j
%*
%' k >3F7EF B35=39;@9 ;@ 3@ 7@H;DA@?7@F3>>K ;@9 53D78G>>K FA BD7H7@F 63?397
76;F;A@
*F3F7 3@6 $G@;5;B3> 8D;7@6>K ?3@@7D FA F:7 EGD8357E
5A67E 3@6
AD >A53> 5A67E '>73E7 3E= KAGD 673>7D AD ;@CG;D7 3F
 @ /</2/ ;@ 355AD63@57 I;F: KAGD >A53> 3GF:AD;FK 34AGF F:7 :75= F:7 6DK7D 8AD FD3@EBADF3F;A@
F:7 3@36;3@ >75FD;5 A67 5GDD7@F ?73@E A8 6;EBAE3> 63?397 A @AF 5A@@75F 3 6DK7D
  k >3F7EF 76;F;A@
'DAH;@5;3> 7A>=A/: =4 B63 =:2 />>:7/<13 I:;5: ;E H;E;4>K 63?3976 8 ;@
3@6 $G@;5;B3> 5A67E 3@6
AD 6AG4F 5A@F35F KAGD 673>7D
>A53> 5A67E
d "& d 'C>>:732 1=;>=<3<BA

8 3BB>;3@57 ;E @A >A@97D GE34>7 =@ )'

BG>> AGF ?3;@E B>G9 5GF A88
BAI7D 5AD6 3@6 6;E53D6 I;F: d )(#" d
?3;@E B>G9 +:7 6DK7D ;E EGBB>;76 I;F:AGF
+A BD7H7@F 5:;>6D7@ 8DA? >A5=;@9 3
BAI7D 5AD6 +:7 BAI7D 5AD6
F:7?E7>H7E ;@ F:7 3BB>;3@57 ?GEF 47 5A@@75F76 4K CG3>;8;76
D7?AH7 F:7 6AAD B7DEA@E A@>K
&>6 3BB>;3@57E 3D7 @AF IADF:>7EE
DG44;E: -3>G34>7 D3I ?3F7D;3>E 53@
47 D75>3;?76 8DA? 7@H;DA@?7@F3>>K
d )(#" d
8D;7@6>K D75K5>;@9 8F7D D7?AH;@9 F:7 B35=39;@9
'>73E7 3E= KAGD 673>7D AD ;@CG;D7 3F ;??76;3F7>K D7?AH7 3@K A4<75FE
KAGD >A53> 3GF:AD;FK 34AGF F:7 8DA? F:7 6DG?
5GDD7@F ?73@E A8 6;EBAE3> +:7 6DK7D ;E 67>;H7D76 3E 3 5A?B>7F7
G@;F +:7 AB7D3F;@9 ;@EFDG5F;A@E 53@
47 8AG@6 ;@ F:7 6DG?


<AB/::/B7=< :=1/B7=< ;>=@B/<B 7<4=@;/B7=< 1=<13@<7<5
;7<7;C; 27AB/<13A
E77 B397  FAA
d +&"" d  ;EF3@57E 34AH7 F:7 ;@6;53F76
?;@;?G? 6;?7@E;A@E D76G57
A @AF ;@EF3>> F:7 6DK7D F:7 D;E= A8 ?A>6 8AD?3F;A@
 AGF6AADE 47:;@6 F:7 3BB>;3@57
 ;@ 3@ 7@H;DA@?7@F I;F: 6D;BB;@9  66;F;A@3> 6;EF3@57E D76G57
I3F7D @A;E7 FD3@E?;EE;A@
 @73D 8>3??34>7 ?3F7D;3>E
 66;F;A@3> 6;EF3@57E 835;>;F3F7
 ;@ DAA?E I:;5: 3D7 3F D;E= A8
;@EF3>>3F;A@ 3@6 E7DH;57
8DAEF
 ;@ DAA?E I:;5: ?3K 5A@F3;@  8 F:7 6DK7D ;E ;@EF3>>76 ;@ 3 E?3>>
93E AD AF:7D 8G7>E %'!(-%)( !%#$. DAA? F:7 6AADE A8 F:7 DAA?
 ;@ 5GB4A3D6E I;F: >A5=34>7 +    -7  6,= ?GEF 47 8;FF76 I;F: H7@FE A8 3
6AADE AD ;@ 3>5AH7E  51 EB75;8;76 ?;@;?G? E;L7
,    -7
+:7 DAA? I:7D7 F:7 G@;F I;>> 47 A3>2 +/A63@X2@G3@ 1=<<31B7=< A3B
-    -7
;@EF3>>76 ?GEF 47 I7>> H7@F;>3F76
:+-5+1381 +:7 6DK7D 53@ 47 B>3576 A@ FAB A8
.    -7
 6,= 3
AE5: I3E:7D A8 F:7 E3?7
AF:7DI;E7 F:7 6DK7D I;>> AB7D3F7 +816/    G  51
47>AI ABF;?G? B7D8AD?3@57 6;?7@E;A@E FA E3H7 EB357

A @AF AB7D3F7 F:7 6DK7D 3F 8 ;@EF3>>;@9 F:7 6DK7D ;@ 3 5>AE7F ,E7 F:7 EB75;3> I3E:7Dj6DK7D
F7?B7D3FGD7E 34AH7 ° ° A4E7DH7 F:7 ?;@;?G? 6;EF3@57E 5A@@75F;A@ E7F I:;5: 53@ 47
3@6 47>AI ° ° 355AD6;@9 FA F:7 8A>>AI;@9 8;9GD7 A4F3;@76 8DA? 5GEFA?7D E7DH;57
#AI
F7?B7D3FGD7E 38875F F:7 AD
KAGD >A53> 673>7D
3GFA?3F;5 BDA9D3? E7CG7@57 3@6
?3K BDA>A@9 F:7 6DK;@9 F;?7E d +&"" d
+:7 ;@EF3>>3F;A@ EGD8357 8AD F:7 6DK7D AD D73EA@E A8 E387FK F:7 6DK7D
?GEF 47 5>73@ >7H7> 3@6 8;D? ?GEF 47 ;@EF3>>76 4K 3@ 7JB7DF
A
@AF ;@EF3>> F:7 3BB>;3@57 A@ 53Dj >I3KE GE7 F:7 5A@@75F;A@ E7F FA
B7FE A?B7@E3F7 8AD G@7H7@ 8>AADE E75GD7 F:7 6DK7D FA F:7 I3E:7D 
I;F: F:7 :7;9:Fj36<GEF34>7 877F D;E= A8 ;@<GDK
@EF3>> F:7 6DK7D 3@6 >7H7> E;67 FA
E;67 3@6 8DA@F FA 435= ,E7 3
4G44>7 >7H7> %7H7D D7?AH7 F:7
:7;9:Fj36<GEF34>7 877F
+:7 E;L7 A8 F:7 ;@EF3>>3F;A@ 3D73
67B7@6E A@ F:7 6;?7@E;A@E A8 F:7
6DK7D @EGD7 F:3F F:7D7 ;E 367CG3F7
DAA? 8AD F:7 EI;H7> D3@97 A8 F:7
6AAD

$;@;?G? @EF3>>3F;A@ >73D3@57E

&)-!.
9>2 =3./=  " 77
&9:   " 77
$/+<  " 77
<98>  " 77
9>>97    77


:31B@71/: 1=<<31B7=< =<<31B7<5 XE7@3
>=E3@ AC>>:G 1=@2
+A 5A@@75F BAI7D 5AD6
 )7?AH7 F:7 E5D7IE 8DA? F:7
5AH7D A8 F:7 <G@5F;A@ 4AJ
d +&"" d d +&"" d >A53F76 3F F:7 FAB D73D A8 F:7
6DK7D
'AI7D 5AD6 ?GEF 47 5A@@75F76 'AI7D 5AD6 ?GEF 47 5A@@75F76
 #AAE7@
D7?AH7 F:7 FIA E5D7IE
4K 3 CG3>;8;76 B7DEA@ A@>K 4K 3 >;57@E76 7>75FD;5;3@ A@>K
A@ F:7 EFD3;@ D7>;78 5>3?B 3@6
A@@75F FA ;@6;H;6G3> D3@5: ,E7 A@>K 3 , # 3BBDAH76 D7?AH7 8DA? jI;D7 EGBB>K
;D5G;F 
3?B BAI7D 5AD6 I;F: EFD3;@ 5AD6 +:7 EFD3;@ D7>;78 EB>;FE ;@FA
A @AF GE7 3@ 363BF7D D7>;78 5>3?B  FIA ;67@F;53> B3DFE
@AF7 ?3@G835FGD7DE ;@EFDG5F;A@E  @E7DF F:7 >3D97 8>3@97 A8 4AF:
A @AF GE7 3@ 7JF7@E;A@ 5AD6 E75F;A@E ;@FA F:7 :A>7 >A53F76
A @AF B>G9 7@6 A8 BAI7D 5AD6
A @AF D7?AH7 9DAG@6 BDA@9 ;@FA 3 >;H7 D757BF35>7 478AD7 5A@j A@ F:7 E;67 A8 F:7 <G@5F;A@ 4AJ
@75F;@9 BAI7D 5AD6 FA 3BB>;3@57 :AGE;@9 3@6 8;J76 4K 5AGB>;@9
=@ " @GF 8DA? ;@E;67 F:7 4AJ +:7
F7D?;@3>E 3@6 5>AE;@9 <G@5F;A@

0AGD 6DK7D 5A?7E I;F: 3 jI;D7 E:ADF 8>3@97 A8 4AF: E75F;A@E

BAI7D EGBB>K 5AD6 * >;EF76 ;@
3@363
+:7 AE5: 6DK7D D7CG;D7E 3 jI;D7
D757BF35>7 5A@@75FADE F:DAG9: 4AF: E75F;A@E A8 F:7
5A@6G5FAD 3F 5A@j
.:7@ ;@EF3>>;@9 F:7 D757BF35>7 8AD
F:7 6DK7D 5AD6 7@EGD7 F:3F F:7
BAI7D EGBB>K 5AD6 ;E 3557EE;4>7
I:7@ F:7 6DK7D ;E ;@ F:7 ;@EF3>>76
BAE;F;A@ AGDjI;D7 BAI7D EGBB>K 5AD6 ?GEF
EB>;FF7D 4AJ 3E 67E5D;476 47>AI
3@6 E5D7IE ?GEF D7?3;@
A @AF D7GE7 A>6 BAI7D 5AD6 BAE;F;A@76 A@ F:7 7JF7D@3> E;67
AD6 ?GEF :3H7 5>AE76 >AAB AD A8 F:7 <G@5F;A@ 4AJ :AGE;@9
GBFGD@76 7@6 I;D7 F7D?;@3F;@9  @E7DF F:7 jI;D7 EGBB>K 5AD6
A @AF ?3=7 3 E:3DB 47@6 AD EFD3;@ D7>;78 3@6 D7j;@EF3>> EFD3;@
5D;?B I;D;@9
D7>;78 E5D7IE 6A @AF 8G>>K
@75F;A@E F;9:F7@ G@F;> 7>75FD;53>
5A@@75F;A@E 3D7 5A?B>7F7
&@>K 3 j5A@6G5FAD 5AD6 E:3>>
47
GE76 I:7@ F:7 3BB>;3@57 ;E
;@EF3>>76 ;@ 3 ?A4;>7 :A?7 AD 3@
3D73 I:7D7 F:7 >A53> 5A67E 6A
@AF B7D?;F 9DAG@6;@9 F:DAG9:
F:7 @7GFD3>
"=B3
+:7 BAI7D 5AD6 E:AG>6 A@>K 47 :3H7 8AGD . %A j 5ABB7D I;D7E
D7B>3576 4K 3 CG3>;8;76 B7DEA@ 3@6 ?3F5: 3 8AGDjI;D7 D757BF35>7 A8  FF35: F:7 BAI7D 5AD6 9DAG@6
,E7
3 jI;D7 BAI7D EGBB>K 5AD6
E77 7>75FD;53> 5A@@75F;A@ , *  9DAG@6 5A@6G5FAD ?GEF 47 ;67@F;8;76
47>AI I;F: 3 9D77@ 5AH7D 3@6 F:7 @7GFD3>
=@ )'
0AGD 6DK7D 5A?7E I;F:AGF 3 BAI7D
EGBB>K 5AD6 +:7 BAI7D 5AD6 ?GEF
?77F F:7 8A>>AI;@9 D7CG;D7?7@FE
 ,# >;EF76 ;@ F:7 ,*
 '  W63=>/. !/?><+6

 - ?;@;?G? D3F76
   D3F76
 +KB7 *)+
 ;H7 877F >A@9 ?;@;?G?
 5>AE76j>AAB F7D?;@3>E AD
 +;9:F7@ E5D7I G@F;>
AB7@j7@6 EB367 >G9E I;F:
GBFGD@76 7@6E

%$ +KB7 j) +:7 8AGDF: I;D7 5A@6G5FAD 9D77@ I;D7 FA F:7
9DAG@6 F7D?;@3> :A>7 ?3D=76 ;@
F:7 8;9GD7 I;F: $ +;9:F7@ F:7
5A@6G5FAD 4K 3 I:;F7 5AH7D E5D7I G@F;> 9DAG@6 5A@6G5FAD
;E
E75GD7
=:+./ >/<738+6= A3>2
 FF35: F:7 BAI7D 5AD6 @7GFD3>
?:>?<8/. /8.=
5A@6G5FAD I:;F7 I;D7 FA F:7
@7GFD3> F7D?;@3> ?3D=76 %

+;9:F7@ E5D7I G@F;> @7GFD3>
!/?><+6 5A@6G5FAD ;E E75GD7
=><+38 </63/0 A23>/
 FF35: F:7 BAI7D 5AD6 B:3E7
5A@6G5FAD 4>35= I;D7 FA A@7
1<9?8. A3</
1<9?8. 1<//8 A8
F:7 B:3E7 F7D?;@3>E
:<981 <381 >/<738+6= ?3D=76
#
BAI7D 5A@6G5FAD ;E E75GD7
  FF35: F:7 BAI7D 5AD6 B:3E7
5A@6G5FAD D76 I;D7 FA F:7
AF:7D B:3E7 F7D?;@3>
+A 5A@@75F BAI7D 5AD6
 )7?AH7 F:7 E5D7IE 8DA? F:7
5AH7D A8 F:7 <G@5F;A@ 4AJ
 )7j;@EF3>> F:7 5AH7D A8 F:7
<G@5F;A@ 4AJ 3@6 E75GD7 I;F:
8AGD E5D7IE D7?AH76 73D>;7D
?3D=76
#  +;9:F7@ E5D7I G@F;> +:7 6DK7D ;E @AI D736K FA 47
>A53F76 3F F:7 FAB D73D A8 F:7
BAI7D 5A@6G5FAD ;E E75GD7 B>G9976 ;@FA F:7 jI;D7 D757BF35>7
6DK7D
 +;9:F7@ F:7 E5D7IE A@ F:7 A8 F:7 BDAB7D D3F;@9
D7?AH7 F:7 FIA E5D7IE
EFD3;@ D7>;78 EA F:3F F:7 BAI7D
5AD6 53@@AF 47 ?AH76
 )7j;@EF3>> F:7 5AH7D A8 F:7
<G@5F;A@ 4AJ 3@6 E75GD7 I;F:
8AGD E5D7IE D7?AH76 73D>;7D @
EG5: 53E7E F:7 D7CG;D76
 @E7DF F:7 >3D97 8>3@97 A8 4AF:
+:7 3BB>;3@57 ;E @AI D736K FA 47
B>G9976 ;@FA F:7 jI;D7 D757BF35>7
A8 F:7 BAI7D D3F;@9 E7B3D3F7>K
=<<31B7<5
XE7@3
>=E3@ AC>>:G 1=@2
8 KAGD D757BF35>7 ;E 3 jI;D7
D757BF35>7 3E E:AI@ 47>AI
KAG
?GEF A4F3;@ 3 jI;D7 6DK7D
5AD6 DK7D 5AD6 53@ GEG3>>K 47
8AG@6 3F KAGD >A53> :3D6I3D7
EGBB>K 7>75FD;53> EGBB>K AD :A?7
57@F7D AD6 E:AG>6 :3H7 5>AE76
>AAB AD GBFGD@76 7@6 I;D7
F7D?;@3F;@9 5A@@75FADE 5A@@75F;A@E 3D7 5A?B>7F7
"=B3
+:D77jI;D7 BAI7D EGBB>K 5AD6 ?GEF
 #AAE7@
A@ F:7 EFD3;@ D7>;78 5>3?B 3@6
D7?AH7 8DA? jI;D7 EGBB>K
5AD6 +:7 EFD3;@ D7>;78 EB>;FE ;@FA
FIA ;67@F;53> B3DFE D7CG;D7 3 E7B3D3F7 9DAG@6
E75F;A@E ;@FA F:7 :A>7 >A53F76
A@ F:7 E;67 A8 F:7 <G@5F;A@ 4AJ
:AGE;@9 3@6 8;J76 4K 5AGB>;@9
@GF 8DA? ;@E;67 F:7 4AJ +:7  %7H7D 9DAG@6 F:7 6DK7D FA
E:ADF 8>3@97 A8 4AF: E75F;A@E
3@6 E5D7IE ?GEF D7?3;@
BAE;F;A@76 A@ F:7 7JF7D@3> E;67
A8 F:7 <G@5F;A@ 4AJ :AGE;@9 @=C<27<5 7<AB@C1B7=<
 @E7DF F:7 jI;D7 EGBB>K 5AD6
F:DAG9: 4AF: E75F;A@E A8 F:7
EFD3;@ D7>;78 3@6 D7j;@EF3>> F:7
EFD3;@ D7>;78 E5D7IE 6A @AF 8G>>K
F;9:F7@ G@F;> 7>75FD;53>
227B7=</: 5@=C<27<5 >@=132C@3
 *A?7 >A53> D79G>3F;A@E ?3K
3557EEADK 9DAG@6 I;D7 5>3?B
3@6 E5D7I ?GEF 47 BGD5:3E76
B>3EF;5 B>G?4;@9 >;@7E 93E >;@7E
AD I3F7D B;B7E
+:;E 3BB>;3@57 ?GEF 47 9DAG@676
@ F:7 7H7@F A8 3 ?3>8G@5F;A@ AD
4D73=6AI@ 9DAG@6;@9 I;>> D76G57
F:7 D;E= A8 7>75FD;5 E:A5= 4K
BDAH;6;@9 3 B3F: A8 >73EF D7E;EF3@57
8AD F:7 7>75FD;5 5GDD7@F
=@ "
+:;E 3BB>;3@57 ;E 7CG;BB76 I;F: 3
5AD6 :3H;@9 3@ 7CG;B?7@Fj
9DAG@6;@9 5A@6G5FAD 3@6
3
9DAG@6;@9 B>G9 +:7 B>G9 ?GEF 47
B>G9976 ;@FA 3@ 3BBDABD;3F7 AGF>7F
F:3F ;E BDAB7D>K ;@EF3>>76 3@6
9DAG@676 ;@ 355AD63@57 I;F: 3>>
>A53> 5A67E 3@6 AD6;@3@57E
:3H7 F:D77 . %A j 5ABB7D  FF35: F:7 BAI7D 5AD6 9DAG@6
I;D7E 3@6 ?3F5: 3 F:D77jI;D7 5A@6G5FAD 9D77@ I;D7 FA F:7
D757BF35>7 A8 %$ +KB7 j) 9DAG@6 F7D?;@3> :A>7 ?3D=76 ;@
F:7 8;9GD7 I;F: $ +;9:F7@
d +&"" d
=:+./ >/<738+6= A3>2
?:>?<8/. /8.=
E5D7I G@F;> 9DAG@6 5A@6G5FAD ;E ?BDAB7D 5A@@75F;A@ A8 F:7
E75GD7 7CG;B?7@F 9DAG@6;@9 5A@6G5FAD
<381  FF35: F:7 FIA D7?3;@;@9 ?3K D7EG>F ;@ 7>75FD;5 E:A5=
>/<738+6= BAI7D 5AD6 B:3E7 5A@6G5FADE 3H7 F:7 3BB>;3@57 5:75=76 4K
&23= ,6+./ -988/->/.
FA F:7 B:3E7 F7D?;@3>E 3
CG3>;8;76 7>75FD;5;3@ AD E7DH;57
>9 >23= -98.?->9<
#


4>35= I;D7 3@6 #  D76 F75:@;5;3@ ;8 KAG 3D7 ;@ 6AG4F 3E
I;D7 +;9:F7@ E5D7IE EA F:3F FA I:7F:7D F:7 6DK7D :3E 477@
F:7 BAI7D 5A@6G5FADE 3D7 BDAB7D>K 9DAG@676
!/?><+6 
 '  W63=>/. !/?><+6 A23>/ E75GD7
=><+38 </63/0 9< -/8>/<
 +;9:F7@ F:7 E5D7IE A@ F:7
EFD3;@ D7>;78 EA F:3F F:7 BAI7D
5AD6 53@@AF 47 ?AH76


F6/CAB /7@ 1=<<31B7=< +:7D7 ;E 3@ 7J:3GEF 3;D AGF>7F ;@ F:7 +:7 ?3J;?G? B7D?;FF76 >7@9F: 8AD
D73D B3@7> A8 F:7 6DK7D 4AF: D;9;6 3@6 8>7J;4>7 ?7F3> 6G5F ;E
E:AI@ ;@ F:7 F34>7 47>AI 
d +&"" d /'!, )" %#% /. &!2%&! /.
 +A D76G57 F:7 D;E= A8 8;D7 F:;E 7 /,(-
6DK7D $,*+  /,*+ ),
&)1-
&,+&&)*   0>
 0>
 +A D76G57 F:7 D;E= A8 8;D7 6A  -7  -7
@AF GE7 6G5F;@9 >A@97D F:3@ 

0>  0>
D75A??7@676  -7  -7

 +A D76G57 F:7 D;E= A8 8;D7 A@>K
 0>  0>
GE7 D;9;6 AD 8>7J;4>7 ?7F3> 6G5F '>357 F:7 7@6 A8 F:7 7J:3GEF 3;D 
 -7 
 -7
 & %&+ GE7 3 6G5F E?3>>7D 6G5F ;@ F:7 3;D AGF>7F I;F:AGF   0>  0>
F:3@  ;@5:7E ;@ 6;3?7F7D 47@6;@9 F:7 6G5F ,E7 6G5F 5>3?B  -7 

-7
 & %&+ GE7 7J:3GEF :AA6E FA E75GD7 F:7 3;D 6G5F +:7
7J:3GEF
I;F: ?39@7F;5 >3F5:7E
 & %&+ 7J:3GEF F:7 6DK7D ;@FA
3 5:;?@7K 8GD@357 5A>6 3;D
6G5F 3FF;5 5D3I> EB357 AD 3@K
AF:7D 6G5FIAD= GE76 8AD
H7@F;@9
 & %&+ ;@EF3>> 3 8>7J;4>7 6G5F
;@ 3@ 7@5>AE76 I3>> 57;>;@9 AD
8>AAD
 & %&+ 5DGE: AD =;@= F:7
6G5F F3B7
 A 5>73@ 3@6 ;@EB75F F:7
7J:3GEF EKEF7? A@ 3 D79G>3D
43E;E 3F >73EF A@57 3 K73D +A 7@EGD7 ABF;?G? B7D8AD?3@57
 +:7 7J:3GEF 6G5F ?GEF
F7D?;@3F7 ;@ 3 ?3@@7D FA
BD7H7@F 435= 6D38FE AD 7@FDK
A8
3@;?3>E 0AGD
6DK7D I;>> IAD= 47EF I:7@ F:7
+A BD7H7@F 4G;>6jGB A8 ?A;EFGD7 3@6
355G?G>3F;A@ A8 >;@F ;@6AADE 3E I7>>
3E FA ?3;@F3;@ ?3J;?G? 6DK;@9
788;5;7@5K F:;E 6DK7D ?GEF 47
7J:3GEF76 AGF6AADE
i 'AE;F;A@ F:7 7J:3GEF 3;D 6G5F EA
F:3F F:7D7 ;E @A 5AG@F7Dj
BD7EEGD7 7 9 8DA? I;@6 A@ F:7
7J:3GEF AGF>7F EKEF7? ?3=7 EGD7 F:3F 3>> 6G5F;@9
3;D 6G5F E:AG>6 A@>K 47 BAE;F;A@76
:AD;LA@F3>>K AD H7DF;53>>K 3@6 @7H7D
>78F FA E39
C1BE=@9
F:7 6G5F;@9 EKEF7? A8 F:7 6DK7D
E:AG>6 47 3E E:ADF 3E BAEE;4>7 I;F:
3 ?;@;?G? @G?47D A8 7>4AIE
H7@F;@9 EKEF7? :3E 3E 87I 3;D 8>AI
D7EFD;5F;A@E 3E BAEE;4>7 J:3GEF
6G5F;@9 I:;5: ;E >A@97D F:3@
D75A??7@676 ?3K 7JF7@6 6DK;@9
F;?7 53GE7 >;@F FA 355G?G>3F7 3@6
38875F 6DK7D B7D8AD?3@57 3@6 6DK7D
>;87jF;?7 6DK7D
.:7F:7D 5A@@75F;@9 FA 3@ 7J;EF;@9
H7@F;@9 EKEF7? AD 3 @7I H7@F;@9
;E 5>73@ 3@6 8D77 A8 >;@F EI;@9 AGF 63?B7DE & %&+ GE7
AGDj;@5: 3BBDAJ  ??
6;3?7F7D 6G5F;@9 E:AG>6 47 GE76
,E7 7;F:7D D;9;6 ?7F3> AD 8>7J;4>7
?7F3> 6G5F;@9 ?3F7D;3>
& %&+ GE7 B>3EF;5 AD @A@j?7F3>
6G5F I;F: F:;E 6DK7D
& %&+ 3EE7?4>7 F:7 6G5FIAD=
I;F: E5D7IE AD 83EF7@7DE F:3F
7JF7@6 ;@FA F:7 6G5F +:7K I;>> E7DH7
3E 3@ 355G?G>3F;A@ BA;@F 8AD >;@F
!A;@FE E:AG>6 47 E75GD76 I;F: 6G5F
>> <A;@FE E:AG>6 47 F;9:F FA 3HA;6
>73=E +:7 ?3>7 7@6 A8 735: 6G5F
E75F;A@ ?GEF BA;@F 3I3K 8DA? F:7
F6/CAB D3<B 6==2
+:7 7J:3GEF 6G5F ?GEF 7@6 I;F: 3@
3BBDAH76 7J:3GEF H7@F :AA6 I;F:
3@ 7J:3GEF H7@F :AA6 I;F:
?39@7F;5 >3F5:7E

+A 3HA;6 7J:3GEF D7EFD;5F;A@ F:7  'AE;F;A@ 3@6 F:7@ >7H7> F:7 6319 :7AB 034=@3
AGF>7F ?GEF 47 3 ?;@;?G? A8 6DK7D

;@5:7E  5? 34AH7 9DAG@6
CA7<5 B63 2@G3@
>7H7> AD 3@K AF:7D A4EFDG5F;@9  :75= F:3F EF7BE  :3H7
EGD8357 477@ ;?B>7?7@F76 BDAB7D>K
 @EGD7 F:3F F:7 6DK7D ;E
5A@@75F76 FA F:7 BAI7D EGBB>K
 )736 F:7 AB7D3F;@9 ;@EFDG5F;A@E
FA G@67DEF3@6 :AI KAGD 6DK7D
AB7D3F7E
 A@6G5F 3@ 3BB>;3@57 F7EF
q :75= F:3F F:7 6DG? ;E
7?BFK
q >AE7 F:7 6DK7D 6AAD
q *I;F5: F:7 6DK7D FA JFD3
<AB/::/B7=< Y DK 3@6 F:7@ BD7EE F:7
AB3>
0G
AB3> *F3DF 4GFFA@
 ,@B35= F:7 6DK7D q 8F7D  ?;@GF7E EI;F5: F:7
 )7?AH7 3>> A4<75FE 8DA? F:7 6DK7D FA &88 3@6 AB7@ F:7
6DG? 6AAD
 :75= F:7 6DK7D 8AD H;E;4>7  8 F:7 ;@F7D;AD A8 F:7 6DK7D 877>E
63?397 +:7 6DK7D E:AG>6 47 >7H7> I;F: I3D? F:7 6DK7D :3E 477@
 'AE;F;A@ F:7 6DK7D @73D F:7 3>> 8AGD 877F 8;D?>K A@ F:7 5A@@75F76 BDAB7D>K
;@EF3>>3F;A@ >A53F;A@ 9DAG@6 +:7 6DK7D ?GEF @AF
 8 F:7 6DK7D 6A7E @AF IAD=
 8 D7CG;D76 :3H7 F:7 BAI7D IA44>7 8
F:7 6DK7D ;E @AF >7H7>
EI;F5: F:7 6DK7D FA &88
EGBB>K 5AD6 8;FF76 4K 3@ AD ;8 ;F 6A7E IA44>7 F:7 877F
#AA= ;@ F:7 FDAG4>7E:AAF;@9
7>75FD;5;3@ E77 B397  ?GEF 47 36<GEF76 6<GEF F:7
E75F;A@ B397  A8 F:7
:7;9:Fj36<GEF34>7 877F G@F;> F:7
&')+ % %*+),+ &%*
6DK7D 6A7E @AF DA5= 3@6 ;E >7H7>
i 8 EB357 ;E H7DK D7EFD;5F76 ;F ;E 3@6 8;@6 F:7 BDA4>7?
4AF: 8DA@FjFAj435= 3@6
D75A??7@676 FA 8;F F:7 E;67jFAjE;67
7J:3GEF 3;D 6G5F FA F:7 6DK7D
 @E7DF B>G9 ;@FA F:7 I3>>
$@3>/@7<5 B= B@/<A>=@B
478AD7 F:7 6DK7D ;E ?AH76 FA ;FE
D757BF35>7 B63 2@G3@ Y AB3>
8;@3> ;@EF3>>3F;A@ >A53F;A@
0G
AB3>
 A@@75F F:7 7J:3GEF 3;D 6G5F FA
 )AF3F7 F:7 BDA9D3? E7>75FAD
F:7 7J:3GEF 3;D AGF>7F A@ F:7
FA
&88
6DK7D ;J F:7 3;D 6G5F I;F: 6G5F
5>3?B  'G>> AGF F:7 BAI7D EGBB>K B>G9
 $AH7 F:7 6DK7D FA ;FE 8;@3>  ;E5A@@75F F:7 7J:3GEF 3;D 6G5F
>A53F;A@ 3@6 3>;9@ 8DA? F:7 7J:3GEF 3;D AGF>7F A@
F:7 6DK7D
 '>357 3@K 3557EEAD;7E ;@ F:7
d )(#" d 6DG?
 >AE7 F:7 6AAD 3@6 E75GD7 I;F:
A @AF E>;67 6DK7D 35DAEE F:7
36:7E;H7 F3B7
8>AAD ;8 :7;9:Fj36<GEF34>7 877F
:3H7 477@ 7JF7@676 77F 3@6
AD  *5D7I F:7 :7;9:Fj36<GEF34>7
877F A8 F:7 6DK7D ;@FA F:7
6DK7D 43E7 ?3K 47 63?3976 ;8
:AGE;@9 FA BD7H7@F F:7? 8DA?
6DK7D ;E E>;6 35DAEE 8>AAD I;F:
47;@9 63?3976 6GD;@9
:7;9:Fj36<GEF34>7 877F 7JF7@676 FD3@EBADF3F;A@


#$&(" "'(&)(#"'
-=C@ <3E 2@G3@
0AGD @7I 6DK7D :3E 3 BGE: BD7EEGD7 EI;F5:
&B7@ F:7 6AAD I;F: 3 E>;9:F BGE:

3@6
5>AE7
F:7
6AAD

d +&"" d
= "#( :3B 167:2@3< >:/G E7B6
B63 2==@

#;@F
8;>F7D


$/<3:
'B/@B 0CBB=< CBB=<A 4=@ #>B7=<A ;@ 366;F;A@ FA F:7
*F3DFE F:7 6DK;@9 BDA57EE BDA9D3? ;8 D7CG;D76 *77 B397 
3:71/B3A
'D7EE 8AD F7?B7D3FGD7jE7@E;F;H7 F7JF;>7E
7 9
35DK>;5 8;47DE +:7 F7?B7D3FGD7 A8 F:7
6DK;@9 BDA57EE ;E D76G576 F:7 6DK;@9 F;?7 ;E
7JF7@676 5ADD7EBA@6;@9>K
'75</:
@ 35AGEF;5 E;9@3> ;@6;53F7E F:7 EF3DF 3@6
F:7
7@6 A8 F:7 6DK;@9 BDA9D3?

7A>:/G
*:AIE F:7 M*F3DF ;@ F;?7 +;?7D BDA9D3??;@9 8G@5F;A@

<271/B=@ :756B  

#;9:FE GB I:7@ F:7 6DK7D
;E EI;F5:76 A@

<271/B=@ :756BA   $@=5@/; A3:31B=@

@6;53F7 F:7 5GDD7@F EF3F7 *7>75FE 3 BDA9D3? *77 B397 
A8 F:7 6DK;@9 BDA57EE 3@ 47 DAF3F76 ;@ 4AF: 6;D75F;A@E

+A EI;F5: A88 F:7 6DK7D DAF3F7 F:7

BDA9D3? E7>75FAD FA &88


 '3:31B7<5 / >@=5@/; :3/< B63 :7<B 47:B3@
'C;;/@G =4
7<AB@C1B7=<A

d +&"" d
78AD7 GE;@9 KAGD 6DK7D D736 3@6 '3BB7<5 B63 AB/@B 23:/G
8A>>AI 3>> ;@EF3>>3F;A@ 3@6 AB7D3Fj 74 @3?C7@32
;@9 ;@EFDG5F;A@E

$@3>/@7<5 B63 2@G3@

i :75= F:7 >;@F 8;>F7D +:7 8;>F7D
E:AG>6 47 5>73@76 478AD7 3@6
38F7D 7H7DK 6DK;@9 BDA57EE

6==A3 /< =>B7=<

/<2 AB/@B B63 2@G3@

'E7B16 =44 B63 2@G3@


 <B3<232 )A3
'/43BG ,E7 F:7 6DK7D A@>K ;@ F:7 :AGE7 3@6
8AD 6DK;@9 @AD?3> 3?AG@FE A8 $@=B31B7=<
7<4=@;/B7=< >3G@6DK 8AD F:7 :AGE7:A>6
,E7 A@>K 8AD 6DK;@9 F7JF;>7E I:;5:
=4
B63
I7D7 I3E:76 I;F: I3F7D 3<D7@=<;3<B
d "& d 34=@3 AE7B167<5 (7>A =< A/D7<5 3<3@5G
>I3KE 8A>>AI F:7 $'&)+%+ =<
B63 2@G3@ +A E3H7 7@7D9K ?A@7K 3@6 F;?7
*+0 %*+),+ &%* @EF3>> F:7 6DK7D ;@ 355AD63@57 AE5: D75A??7@6E F:7 8A>>AI;@9
E77 B397  I;F:
F:7 ;@EF3>>3F;A@ ;@EFDG5F;A@E  @/7< B63 :/C<2@G B6=@=C56:G
8DA? B397  78AD7 6DK;@9 EB;@ F:7 >3G@6DK
d "& d A @AF GE7 3 6DK7D I:;5: ;E H;E;4>K F:ADAG9:>K ;@ F:7 I3E:;@9
63?3976 8 ;@ 6AG4F 5A@F35F KAGD ?35:;@7 ,E7 F:7 :;9:7EF
,$ #'#" .& 673>7D BAEE;4>7 EB;@ EB776 8AD F:7 FKB7
A8 >3G@6DK ;9:7D EB;@ EB776E
"77B 8>3??34>7 ?3F7D;3>E 3@6
D76G57 F:7 6DK;@9 F;?7 3@6 F:7
H3BADE EG5: 3E 93EA>;@7 3I3K )A7<5 B63 2@G3@ 7@7D9K 5A@EG?BF;A@
8DA? F:7 6DK7D
A @AF >73H7 5:;>6D7@ G@EGB7DH;E76  )A3 =>B7;C; :=/2
A @AF 6DK 3@KF:;@9 F:3F :3E 7H7D @73D F:7 6DK7D ,E7 ?3J;?G? D75A??7@676
:36 3@KF:;@9 8>3??34>7 A@ ;F "77B B7FE 3I3K 8DA? F:7 6DK7D >A36E AI7H7D 6A @AF 7J5776
7H7@ 38F7D I3E:;@9 78AD7 5>AE;@9 F:7 6AAD 5:75= F:7 >A36E
A @AF 6DK 3@KF:;@9 F:3F :3E 7H7D 5A@F7@FE A8 F:7 6DG?  :3/< 47:B3@
:36 3@K FKB7 A8 A;> A@ ;F ;@5>G6;@9 )7?AH7 3>> A4<75FE 8DA? BA5=7FE >73@ F:7 8;>F7D 478AD7 3@6 38F7D
5AA=;@9 A;>E #;9:F7DE 3D7 B3DF;5G>3D>K :3L3D6AGE 735: 6DK;@9 BDA57EE
&7A9 =4 3F>:=A7=< E77
B397


F7?E 5A@F3;@;@9 8A3? DG447D AD
B>3EF;5 ?GEF 47 6D;76 A@
3
5>AF:7Ej>;@7 AD 4K GE;@9 3@
;D
8>G88j5K5>7
A @AF 3>>AI ;F7?E 5A@F3;@;@9
8>3??34>7 ?3F7D;3>E EG5: 3E
>;9:F7DE FA D7?3;@ ;@ 5>AF:7E
I:;>7 6DK;@9 &7A9 =4 2@G3@ B7>>7<5 =D3@
3;>GD7 FA 8A>>AI F:7E7
;@EFDG5F;A@E ?3K D7EG>F ;@
7JB>AE;A@ AD 8;D7 ;@ F:7 H;5;@;FK A8 F:7 6DK7D 0/A7A
&7A9 =4 23/B6 =@ 7<8C@G
*I;F5: A88 F:7 6DK7D 3F F:7 7@6 A8  *3<B7:/B3 B63 @==;
F:7 BDA9D3? GD;@9 F:7 6DK;@9 BDA57EE
BDAH;67 3@ 367CG3F7 EGBB>K
A8
8D7E: 3;D
$@=B31B7<5 B63 2@G3@
 = <=B 2@G C<AC7B/0:3
A @AF 5>;?4 A@ F:7 6DK7D
;/B3@7/:A
A @AF >73@ AD E;F A@ F:7 6AAD A @AF 6DK DG447D;L76 AD
3;DjF;9:F ;F7?E
A @AF EFAD7 AD GE7 EA>H7@F  = 1:3/< /<2 7<A>31B B63
67F7D97@F 4AAEF7DE AD EF3;@ D7?AH7D 3F6/CAB AGAB3; =< / @35C:/@
+:7 6DK7D 5AG>6 47 63?3976 >A5=397E ?3K 7JF7@6 6DK;@9
A @AF >;8F F:7 6DK7D 4K BDA<75F;@9 F;?7
5A?BA@7@FE 7 9 6AAD
&7A9 =4 0@3/9/53 /<2 7<8C@G

34=@3 CA7<5 (3;>=@/@G /C<2@G
B63 2@G3@ 4=@ 27A1=<<31B7=< 23<B7471/B7=<
B63 47@AB B7;3 =4 B63 2@G3@ =4
4/0@71A
&4E7DH7 F:7 FD73F?7@F EK?4A>E A@
78AD7 KAG GE7 F:7 6DK7D 8AD F:7 8;DEF &B7D3F7 KAGD 6DK7D A@>K I:7@ KAG F:7 F7JF;>7 >347>E +:7K BDAH;67
F;?7 3D7 3F :A?7 8 KAG 9A A@ H353F;A@ H3>G34>7 ;@8AD?3F;A@ 3E I7>> 3E
AD 3D7 @AF GE;@9 KAGD 6DK7D 8AD 3@ >;?;F3F;A@E 34AGF F:7 6DK;@9
 )736 F:7E7 AB7D3F;@9
7JF7@676 B7D;A6 A8 F;?7 KAG BDA57EE
;@EFDG5F;A@E 53D78G>>K
E:AG>6
 :75= F:3F F:7 EGBB>K HA>F397 A @AF 6DK F:7 8A>>AI;@9 F7JF;>7E ;@
5ADD7EBA@6E I;F: F:7 HA>F397  +GD@ A88 F:7 5;D5G;F 4D73=7D F:7 6DK7D
EB75;8;53F;A@E A@ F:7 D3F;@9  ,@B>G9 F:7 6DK7D
 ;DjF;9:F F7JF;>7E
B>3F7 A8 F:7 6DK7D E77 B;5FGD7
 >73@ F:7 >;@F 8;>F7D 7 9
DG447D;L76
B397


 )7?AH7 3>> A4<75FE 8DA? F:7  7>;53F7 834D;5E E;>= EK@F:7F;5
6DG? 5GDF3;@E
 :75= F:7 6DK7D 8AD H;E;4>7 i ,E7 F:7 F;?7 BDA9D3? M;D 8>G88
63?397 8 63?397E 3D7 8AG@6 FA 6DK 3DF;5>7E 5A@F3;@;@9 8A3?
5A@F35F KAGD 673>7D DG447D AD E;?;>3D>K F7JFGD76
 .;B7 F:7 ;@E;67 A8 F:7 6DG? DG447Dj>;=7 ?3F7D;3>E
I;F: 3 63?B 5>AF:
 A@6G5F 3@ 3BB>;3@57 F7EF E77 @G7<5 B7>A
B397 
@ BD;@5;B>7 F:7 8A>>AI;@9 3BB>;7E FA
 8 F:7 6DK7D 6A7E @AF IAD=
3>> 6DK;@9 BDA9D3?E
EI;F5: F:7 6DK7D FA &88
#AA= ;@ F:7 FDAG4>7E:AAF;@9  +A 7@EGD7 3 G@;8AD? 6DK;@9
E75F;A@ B397

 A8 F:7 D7EG>F EADF F:7 >3G@6DK
AB7D3F;@9 ;@EFDG5F;A@E 3@6 8;@6 355AD6;@9 FA 834D;5 FKB7 3@6
F:7 BDA4>7? 6DK;@9 BDA9D3?
 3EF7@ L;BB7DE :AA=E 3@6
7K7E 3EF7@ >AAE7 47>FE
3BDA@
EFD;@9E 7F5
 A @AF AH7D6DK 73EKj53D7
>3G@6DK k D;E= A8 ID;@=>;@9
#73H7 >3G@6DK FA 6DK ;@ F:7 3;D
 A @AF ;DA@ >3G@6DK ;??76;3F7>K
38F7D 6DK;@9 '>357 F:7 >3G@6DK
;@ 3 B;>7 8AD 3 E:ADF I:;>7
)7E;6G3> ?A;EFGD7 I;>> F:7@ 47
6;EFD;4GF76 G@;8AD?>K
 "@;FF76 F7JF;>7E 7 9 +jE:;DFE
5AFFA@ <7DE7K >3G@6DK A8F7@
E:D;@= I:7@ 6D;76 8AD F:7 8;DEF
F;?7 A @AF GE7 F:7 -7DK
6DK
JFD3 6DK BDA9D3?


$@=5@/; A3:31B7=<
AD ABF;?G? 6DK;@9 D7EG>FE KAGD (7;3 >@=5@/;A <271/B=@ =4 >@=5@/;
6DK7D A887DE E7H7D3> BDA9D3? 9DAGBE
3@6 366;F;A@3> ABF;A@E
A3?C3<13
+:7 6DK7D GE7E 3@ 7>75FDA@;5
*7>75F F:7 D7CG;D76 6DK;@9 BDA9D3?
E53@@;@9 EKEF7? 8AD 3>> BDA9D3?E
8DA? F:7 BDA9D3? F34>7 355AD6;@9
7J57BF F:7 F;?7 BDA9D3?E
FA F:7 7J3?B>7E E77 B397 

?A;EFGD7 E7@EAD 5A@F;@GAGE>K
5:75=E F:7 ?A;EFGD7 ;@ F:7 >3G@6DK
CB=;/B71 >@=5@/;A DK;@9 7@6E 3GFA?3F;53>>K 3E EAA@
+:7D7 3D7 3GFA?3F;5 BDA9D3?E 8AD +;?7 BDA9D3?E DG@ 8AD 3 EB75;8;5 3E F:7 E7>75F76 679D77 A8 6DK@7EE
6;887D7@F FKB7E A8 F7JF;>7E F;?7       ?;@GF7E :3E 477@ D735:76
)79G>3D
AFFA@ AD '7D?3@7@F @ F:7 ;D 8>G88 EF397 F:7 6DK7D DG@E
'D7EE A@ 3?4;7@F 3;D I;F:AGF 3 :73F
EGBB>K 8AD  ?;@GF7E
&35C:/@ =BB=<
#>B7=<A

+:7 5GDD7@F 679D77 A8 6DK;@9 3@6

F:7 >7H7> D735:76 6GD;@9 F:7
BDA9D3? E7CG7@57 ;E ;@6;53F76
H;3
;@6;53FAD >;9:FE 6DK;@9 63?B
$3@;/<3<B $@3AA 6DK D79G>3D 6DK ID;@=>7 4>A5=
7@6
3:71/B3A
'D7EE F:7 3:71/B3A 4GFFA@ 8AD
F7?B7D3FGD7 E7@E;F;H7 F7JF;>7E
(7;3@ >@=5@/;;7<5
&4E7DH7 F:7 53D7 ;@8AD?3F;A@ AD 4C<1B7=<
EK?4A>E A@ F:7 F7JF;>7E +:7 BDA9D3? 53@ 47 E7F FA EF3DF GB
+:7
F7?B7D3FGD7 A8 F:7 6DK;@9 FA  :AGDE >3F7D +:;E F;?7 ;E
+:7 BDA9D3? E7CG7@57 A8
3GFA?3F;5 BDA9D3?E ;E 5A@FDA>>76
H;3 E7@EADE +:7 6GD3F;A@ A8 F:7
BDA9D3? 67B7@6E A@ F:7 ?73EGD76
679D77 A8 ?A;EFGD7 ;@ F:7 >3G@6DK
3@6 A@ F:7 E7>75F76 679D77 A8
6DK@7EE 7 9
63?B 6DK AD 7JFD3 6DK
 M'DA9D3??;@9
BDA57EE ;E
D76G576 F:7 6DK;@9 F;?7 36<GEF34>7 ;@  :AGD ;@5D7?7@FE
;E 7JF7@676
'75</:
0AGD 6DK7D E;9@3>E F:7 EF3DF 3@6
F:7
7@6 A8 6DK;@9 BDA9D3?E
;8
F:7
'75</: 4GFFA@ ;E
BD7EE76
*77 3>EA B397
F:7 F;?7D

$@=5@/; A3:31B7=< B/0:3 

/.)'.% *,)#,'-
9< 9>>98= +8. -969</.= 7+./ 90 -9>>98 9< 638/8 5!#/&,)..)(-
#</== E/63-+>/= ,?>>98 09< >/7:/<+>?</W=/8=3>3@/ >/B>36/= ?>97+>3- :<91<+7
), &/( ,3

/. 638/8 >+,6/ 638/8 >9A/6=

A23-2 3= >9 ,/ 3<98/. +7: .<C
/. 638/8 +8. >+,6/ 638/8 >9A/6= &W=23<>= =:9<>= =23<>= 9@/<+66=
&W=23<>= =:9<>= =23<>= .</==/= ><9?=/<= 9@/<+66= ?8./<A/+<
&/<<C >9A/6= 53>-2/8 >9A/6= 2+8. >9A/6= ,/. 638/8 ?8./<A/+< -9>>98 A23-2 3= 89> >9 ,/ 3<98/. $/1?6+< .<C
=9-5=
&/<<C >9A/6= 53>-2/8 >9A/6= 2+8. >9A/6= ,/. 638/8 ?8./<A/+< -9>>98 A23-2 3= 89> >9 ,/ 3<98/. >23-5 (/<C .<C
=9-5= 7?6>3W:6C
&/<<C ,+>2<9,/= +8. >/<<C ,/. 638/8 A23-2 3= :+<>3-?6+<6C >23-5 9< B><+ .<C
7?6>3W:6C
+=CW-+</ .<3:W.<C 6+?8.<C 7+./ 90 =C8>2/>3- +8. ,6/8./. 0+,<3- -9>>98 / 1 :96C/=>/< 5!,'(!(. ,!--
#</== >2/ E/63-+>/= ,?>>98 09< @/<C >/7:/<+>?</W=/8=3>3@/ >/B>36/= ?>97+>3- :<91<+7
), &/( ,3

&<9?=/<= .</==/= =53<>= =23<>= A23-2 8//.= >9 ,/ 3<98/. +7: .<C
&<9?=/<= .</==/= =53<>= +8. =23<>= ,69?=/= 6/11381= =:9<>=A/+< A3>2 A23-2 =29?6. 986C ,/ 6312>6C 3<98/. 312> .<C
+
2312 =C8>2/>3- -98>/8> 9< 89> +> +66
%23<>= ,69?=/= =:9<>= -69>2381 A23-2 3= 89> >9 ,/ 3<98/. $/1?6+< .<C
/. 638/8 +8. >+,6/ 638/8 ><+-5 =?3>= -9709<>/<= ,6+85/>= A23-2 3= 89> >9 ,/ 3<98/. >23-5 (/<C .<C
7?6>3W:6C
%'! *,)#,'- 5%'! ,3
#</W.<3/. >/B>36/= A3>2 69A 793=>?</ -98>/8> 38.3@3.?+6 =7+66 3>/7= / 1 ,+>2 >9A/6= ,+>2381 A/+< .3=2 -69>2=
9< >2/ =7+66/=> 69+. -98.3>398 0<97  6, X   6,   51   51 3 / 98/ =7+66 >9A/6 + >37/ .<C :<91<+7
=29?6. ,/ =/6/->/.
#</== >2/ E/63-+>/= ,?>>98 09< >/7:/<+>?</W=/8=3>3@/ >/B>36/=
 9>>98= +8. -969</.= 7+./ 90 -9>>98 9< 638/8      738
 &/7:/<+>?</W=/8=3>3@/ >/B>36/=      738
</=2/8381 9< +3<381 63>>6/ A9<8 3>/7= 90 -69>2381 +8. .<C381 90 /B></7 =/8=3>3@/ >/B>36/= 3< 06?00  738
9< +66 >/B>36/ >C:/= 38-6?=3@/ 09+7 <?,,/< / 1 :3669A= =>?00/. >9C= :6+=>3- / 1 =29A/< -?<>+38= >+,6/ -69>2/=
<?,,/< =2//< 8C698 :96C:<9:C6/8/


#>3@/B7=<
)A7<5 B63 2@G3@  >AE7 F:7 6AAD
i 8 F:7 6AAD :3E @AF 477@ 5>AE76
BDAB7D>K F:7 6DK7D I;>> @AF EF3DF

0 )AF3F7 BDA9D3? E7>75FAD FA

M+;?7 6DK
?;@ 

 &B7@ F:7 6AAD

 'D7EE F:7 'B/@B 4GFFA@ +:7 #<

;@6;53FAD >;9:F ;>>G?;@3F7E
i +:7 BDA9D3? EF3DFE I;F: 3@
35AGEF;5 E;9@3> ;8 E7F
 8 D7CG;D76 E7>75F M&BF;A@ 4K
8 3 EF3@63D6 BDA9D3? :3E 477@
BD7EE;@9 F:7 4GFFA@
E7>75F76 F:7 ;@6;53FAD >;9:FE I;>>
+:7 &BF;A@E 3D7 7JB>3;@76 A@
>;9:F GB FA ;@6;53F7 F:7 BDA9D7EE
B397 
A8
F:7 BDA9D3? E7CG7@57
 :75= >;@F 8;>F7D
+:7 8;>F7D E:AG>6 47 5>73@76
38F7D 3@6 478AD7 7H7DK 6DK;@9
BDA57EE >73@;@9 F:7 8;>F7D
D76G57E F:7 6DK;@9 F;?7 3@6
E3H7E 7@7D9K

i F BDA9D3? 7@6 3@ 35AGEF;5

 '>357 >3G@6DK ;@ F:7 7?BFK E;9@3> ;E 7?;FF76 ;8 E7F 3@6 F:7
6DG? 'GF 735: B;757 A8 >3G@6DK # MID;@=>7 4>A5=
7@6
;@FA F:7 ?35:;@7 E7B3D3F7>K ;>>G?;@3F7E
AD 47EF D7EG>FE F:7 >3G@6DK FA i <B7X1@3/A3 4C<1B7=<
 / )AF3F7 BDA9D3? E7>75FAD FA 47 6D;76 ?GEF 47 EADF76
F:7 67E;D76 BDA9D3? .:7@ F:7 6DK;@9 BDA57EE ;E
355AD6;@9 FA FKB7 A8 >3G@6DK 5A?B>7F7 BDA9D3? AD E7>75F76
*7>75F F:7 BDA9D3? I:;5: 3@6 67E;D76 679D77 A8 6DK;@9
5ADD7EBA@6E FA F:7 >3G@6DK ;@ F;?7 BDA9D3? 7@676 F:7 6DG?
AD 8GDF:7D ;@8AD?3F;A@ E77 DAF3F7E 3F EB75;8;5 ;@F7DH3>E 8AD
F:7 6DK7D 8DA? F:7 BDA9D3? B397

E7>75F;A@ F34>7 E77 B397  
:AGD +:;E BD7H7@FE F:7
i &4E7DH7 6DK;@9 EK?4A>E A8 F:7 >3G@6DK 8DA? 5D73E;@9 +:7
=@ >3G@6DK D7?3;@E >AAE7 3@6 8>G88K
>3G@6DK ?3@G835FGD7D
G@F;> ;F ;E D7?AH76
@EGD7 F:3F F:7D7 ;E A@>K +:7 >3G@6DK E:AG>6 47 D7?AH76
>3G@6DK ;@ F:7 6DG? :75= F:3F 478AD7 F:;E F;?7 :3E 7>3BE76
3>> ;F7?E 3D7 5A?B>7F7>K ;@ F:7
6DG?


 227<5 :/C<2@G  'D7EE F:7 'B/@B 4GFFA@ FA E3H7
F:7 F;?7 3@6 FA EF3DF 5AG@F;@9
 &B7@ F:7 6AAD 6AI@
+:7 6DK;@9 5K5>7 ;E :3>F76 +:7 F;?7 KAG :3H7 E7>75F76
 66 AD D7?AH7 >3G@6DK 5AG@FE 6AI@ +:7 6AF 8>3E:7E

 >AE7 F:7 6AAD ;@ F:7 6;EB>3K +:7 F;?7 5AG@FE
 *7>75F 3@AF:7D BDA9D3? ;8
@757EE3DK GE;@9 F:7 BDA9D3?
 )AF3F7 F:7 BDA9D3? E7>75FAD
E7>75FAD E77 F:7 F34>7 A8
FA
M&88
6AI@ ;@ ;@5D7?7@FE A8  :AGD
+:7 6AAD ?3K 47 AB7@76 3F 3@K
F;?7 +:;E 6A7E @AF 38875F F:7 67>3K
BDA9D3?E 8DA? B397  E7>75F76 +:7 6;EB>3K 8>3E:7E +:7
+:7 ;@6;53FAD >;9:F 9A7E AGF
A@I3D6E BDA9D3? 5A@F;@G7E I:7@ KAG 5>AE7
 'D7EE F:7 'B/@B 4GFFA@ F:7 6AAD 3@6 BD7EE F:7 'B/@B
+:7 #< ;@6;53FAD >;9:F 4GFFA@
;>>G?;@3F7E +:7 67>3K ?3K 47 5>73D76 AD
5:3@976 3F 3@K F;?7
$@=5@/;;7<5 B63  +GD@ >@=5@/; A3:31B=@ FA M&88
B7;3@ 53@57>E F:7 F;?7D
BDA9D3??;@9
+:7 BDA9D3? 53@ 47 67>3K76 GB
FA
 :AGDE >3F7D  *7>75F F:7 BDA9D3? KAG D7CG;D7
GE;@9 F:7 >@=5@/; A3:31B=@
 &B7@ F:7 6AAD *7F F:7 F;?7D 3E 8A>>AIE

 'D7EE F:7 'B/@B 4GFFA@ 3@6 E7F

 +3=7 F:7 >3G@6DK AGF A8 F:7  *7>75F F:7 BDA9D3? KAG D7CG;D7 3 @7I F;?7 ;8 @757EE3DK E77
6DK7D GE;@9 F:7 >@=5@/; A3:31B=@ 34AH7
 >73@ F:7 8;>F7D  'D7EE F:7 'B/@B 7< 4GFFA@
+:7 8;>F7D E:AG>6 47 5>73@76
6 8>3E:7E ;@ F:7 6;EB>3K
38F7D 735: 6DK;@9 BDA57EE
>73@;@9 F:7 8;>F7D D76G57E F:7
6DK;@9 F;?7 3@6 E3H7E 7@7D9K

i +:7 6;EB>3K 8>3E:7E G@F;> KAG

BD7EE 'B/@B AD KAG FGD@ F:7
>@=5@/; A3:31B=@ FA M&88

 >AE7 F:7 6AAD

i 8 F:7 ;F7? A8 5>AF:;@9 EF;>>
5A@F3;@E D7E;6G3> ?A;EFGD7 38F7D
F:7 ;@6;53F76 6DK;@9 F;?7
 D7EF3DF F:7 BDA9D3? 3@6
 'D7EE 'B/@B 7< D7B73F76>K G@F;>
 D76G57 F:7 6DK;@9 6GD3F;A@ F:7 H3>G7 KAG D7CG;D7 ;E
67B7@6;@9 A@ F:7 679D77 A8 6;EB>3K76
D7E;6G3> ?A;EFGD7

:3/<7<5 /<2 1/@3

:3/<7<5 B63 2@G3@ :3/<7<5 B63 ;=7ABC@3
A3<A=@
d "& d +:7 4AF: ?A;EFGD7 E7@EADE :3H7 FA
&' # ,$ #'#" 47 5>73@76 4753GE7 3 8;@7 >3K7D A8
%7H7D GE7 EA>H7@FE AD :;9:>K FD3@EB3D7@F 4G;>6GB ;E 67BAE;F76
A@
F:7 E7@EADE
8>3??34>7 >;CG;6E 8AD 5>73@;@9
+:;E 67BAE;F 53@ 73E;>K 47 D7?AH76
4K I;B;@9 F:7 E7@EADE I;F: 3 5>AF:
3@6 3
>;FF>7 I:;F7 H;@793D
d )(#" d  )7?AH7 >;@F 4K EFDA=;@9 KAGD
,E7 I:;F7 H;@793D A@>K
:3@6 AH7D F:7 8;>F7D
@5ADD75F 5>73@;@9 ?3K 63?397 >73@ F:7 4AF: ?A;EFGD7 E7@EADE
+:7 8;>F7D E:AG>6 47 D;@E76 A@57 3 A@57 3 ?A@F:
F:7 6DK7D A @AF EBD3K I;F: 3 K73D G@67D I3D? DG@@;@9 I3F7D
I3F7D <7F A @AF GE7 E5AGD;@9 +:7 ?A;EFGD7 E7@EADE 3D7 >A53F76
+:7 8;>F7D ?GEF 47 6D;76 F:ADAG9:>K
397@FE AD 3>>jBGDBAE7 5>73@7DE A@ F:7 B366>7E ;@ F:7 6DG?
478AD7 47;@9 D7B>3576
A @AF GE7 EF73? 5>73@7DE
 @E7DF F:7 8;>F7D
.;B7 F:7 :AGE;@9 3@6 83E5;3 I;F:  >AE7 F:7 6AAD
3
EA8F 5>AF: 3@6 EA3BK I3F7D A@>K
.;B7 F:7 6DG? 6AAD E73> 3@6 ;@E;67 :3/<7<5 B63 3F6/CAB
A8 F:7 6AAD I;F: 3 63?B 5>AF: A@>K 2C1B
@EB75F 3@6 5>73@ F:7 7J:3GEF
:3/<7<5 B63 :7<B 47:B3@ 6G5F;@9 3F >73EF A@57 3 K73D FA
 6;DFK 8;>F7D 7JF7@6E F:7 6DK;@9 F;?7 BD7H7@F 5>A99;@9  B3DF;3>>K
3@6 ;@5D73E7E 7@7D9K 5A@EG?BF;A@ 5>A9976 7J:3GEF 53@ >7@9F:7@ F:7
6DK;@9 F;?7
+:7 8;>F7D E:AG>6 47 5>73@76 478AD7
3@6 38F7D 735: 6DK;@9 BDA57EE q +GD@ A88 F:7 5;D5G;F 4D73=7D
 *I;F5: A88 F:7 6DK7D 'DA9D3? q 'G>> AGF BAI7D EGBB>K B>G9
E7>75FAD FA M&88 q ;E5A@@75F F:7 6G5F 8DA? F:7
6DK7D
d )(#" d q -35GG? 3@6 D75A@@75F F:7
+:7 ;@E;67 A8 F:7 6AAD :73FE GB 6G5F
6GD;@9 F:7 6DK;@9 BDA57EE
 &B7@ F:7 6AAD

 )7?AH7 F:7 >;@F 8;>F7D


(@=C0:3A6==B7<5
78AD7 53>>;@9 5GEFA?7D E7DH;57  *7F BDA9D3? E7>75FAD FA M&88
d "& d 5:75= F:7 8A>>AI;@9 F34>7
 +GD@ A88 F:7 5;D5G;F 4D73=7D
) *" & #+) # *&" 8 3 83G>F 53@@AF 47 D75F;8;76 AD
 ,@B>G9 F:7 G@;F
)7B3;DE AD D7B>357?7@F A8 B3DFE 3
D7B3;D ;E D7CG;D76
?3K 47 53DD;76 AGF 4K 3GF:AD;L76  3>> 5GEFA?7D E7DH;57
E77
B397

F75:@;5;3@E A@>K
,)&!' )--%&! /-! !'! %& .%)(
<C/< .9/= 89> =>+<> +38 :6?1 89> 38=/<>/. +> +66 9< 89> 38=/<>/. -9<</->6C 8=/<> 7+38 :6?1 -9<</->6C
( 38.3-+>9< 6312> .9/= 89> 366?738+>/  0?=/ 90 :9A/< =?::6C 2+= ><3::/. $/:6+-/
=A3>-2 98 0?=/
.,. ,?>>98 89> :</==/. #</== .,. ,?>>98
!9 :<91<+7 =/6/->/. %/6/-> :<91<+7
99< 89> -69=/. 69=/ .99<
7,3/8> >/7:/<+>?</ ,/69A  °
 ° 8-</+=/ <997 >/7:/<+>?</
<C/< .9/= 89> =>+<> &2/ =/6/->/. .,. &2/ =/6/->/. >37/ 3= 89> =+@/. #</== >2/ .,. ,?>>98 >9 =+@/ >2/ >37/ +8. >9 =>+<>
%( >37/ 06+=2/= 38 >2/ .3=:6+C -9?8>381 .9A8
&2/ .99< 9:/8= ,C 3>=/60 &2/ 69-5/. :38 3= 89> /81+1/. #?=2 >2/ .99< -69=/. ?8>36 C9? 2/+< >2/ 69-5381 :38
-63-5 38>9 :6+-/
#<91<+7 2+= ,//8 38>/<<?:>/. 38> 036>/< .3<>C 6/+8 036>/< += ./=-<3,/. 98 :+1/ 
%A3>-2 900
=A3>-2 98 +1+38
B2+?=> +3< .?-> 3= ,69-5/. 9< >99 6981 6/+8 /B2+?=> +3< .?-> $/.?-/ /B2+?=> +3< .?-> >9
7+B37?7 6/81>2 =// >+,6/ 98 :+1/ 
%A3>-2 900
=A3>-2 98 +1+38
+?6> 38 :<91<+7 =/;?/8-/ 9< 7+60?8->398 %A3>-2 900 .<C/< 6/+@/ >9 -996 .9A8 09<  738
=A3>-2 98 +1+38
$/=>+<> :<91<+7
&2/ <997
-+,38/> 3= 89> +./;?+>/6C @/8>36+>/. #<9@3./ +8 +./;?+>/ =?::6C 90 0</=2 +3<
%A3>-2 900
=A3>-2 98 +1+38
/1<// 90 .<C381 2+= 89> ,//8 </+-2/. 93=>?</ =/8=9< .3<>C 6/+8 793=>?</ =/8=9< += ./=-<3,/. 98 :+1/ 
9< >2/ .<C381 >37/ 3= >99 6981 %A3>-2 900
=A3>-2 98 +1+38
B2+?=> +3< .?-> 3= ,69-5/. 9< >99 6981 6/+8 /B2+?=> +3< .?-> $/.?-/ /B2+?=> +3< .?-> >9
7+B37?7 6/81>2 =// >+,6/ 98 :+1/ 
%A3>-2 900
=A3>-2 98 +1+38
38> 036>/< .3<>C 6/+8 036>/< += ./=-<3,/. 98 :+1/ 
%A3>-2 900
=A3>-2 98 +1+38
+?8.<C A+= >99 A/> %:38 6+?8.<C +> 2312/< =://. 38 >2/ A+=2381
7+-238/ %A3>-2 900
=A3>-2 98 +1+38
'8=?3>+,6/ :<91<+7 =/6/->/. %/6/-> :<91<+7 A3>2 +3. 90 >2/ :<91<+7 =/6/->398
>+,6/ =// :+1/  %A3>-2 900
=A3>-2 98 +1+38
+B37?7 .<C381 >37/ A+= /B-//./. 6/+8 638> 036>/< =// :+1/ 
2/-5 /B2+?=> +3< /B><+->398
%:38 6+?8.<C +> + 2312/< =://. 38 C9?< A+=2/<
9>9< 6373> >/7:/<+>?</ A+= /B-//./. %A3>-2 900 .<C/< 6/+@/ >9 -996 .9A8 09<  738
%A3>-2 98 +1+38 %>+<> :<91<+7


'&* /<2 &$& 8 KAG 3D7 :3H;@9 3 BDA4>7? I;F: '>73E7 47 EGD7 FA ;@5>G67 ;8 ID;F;@9
KAGD AE5: 6DK7D 3@6 3D7 @AF AD :3H7 3H3;>34>7 ;8 53>>;@9 F:7
d )(#" d B>73E76 I;F: F:7 E7DH;57 KAG :3H7
D757;H76
8A>>AI;@9 ;@8AD?3F;A@
 $A67> %G?47D
)(#"  #347> 3>> I;D7E BD;AD  ;DEF B>73E7 5A@F35F KAGD
FA 6;E5A@@75F;A@ I:7@ E7DH;5;@9  *7D;3> %G?47D
;@EF3>>7D AD F:7 AE5:
5A@FDA>E .;D;@9 7DDADE 53@ 53GE7 GF:AD;L76 *7DH;57 A@FD35FAD  3F7 A8 &D;9;@3> 'GD5:3E7
;?BDAB7D 3@6 63@97DAGE ;@ KAGD 3D73 3@6 7JB>3;@ FA  3F7 'DA4>7? &D;9;@3F76
AB7D3F;A@ -7D;8K BDAB7D F:7? I:K KAG 3D7 @AF E3F;E8;76
AB7D3F;A@ 38F7D E7DH;5;@9 +:;E I;>> GEG3>>K 5ADD75F F:7  JB>3@3F;A@ A8 'DA4>7?
BDA4>7? >EA ;8 ID;F;@9 B>73E7 47 EGD7 FA
+:7 AE5: 6DK7DE D7CG;D7 @A EB75;3> ;@5>G67 3 63KF;?7 F7>7B:A@7
 8 38F7D IAD=;@9 I;F: KAGD
53D7 AF:7D F:3@ F:7 53D7 3@6 @G?47D 3@6 3 5ABK A8 F:7 E3>7E
;@EF3>>7D AD E7DH;57 B7DEA@ F:7
5>73@;@9 @AF76 34AH7 ;@HA;57
BDA4>7? EF;>> :3E @AF 477@
i 8 KAG 3D7 :3H;@9 3 BDA4>7? I;F: D7EA>H76 FA KAGD E3F;E835F;A@ 0AG I;>> 8;@6 F:7 ?A67> @G?47D 3@6
KAGD 6DK7D 478AD7 53>>;@9 8AD B>73E7 >7F GE =@AI 4K 7;F:7D E7D;3> @G?47D ;@8AD?3F;A@ A@ F:7
E7DH;57 B>73E7 D787D FA +34>7 A@ ID;F;@9 FA GE 3F D3F;@9 B>3F7 >A53F76 A@ F:7 ;@E;67 A8
B397 * A?7 BB>;3@57E F:7 8DA@F B3@7>
8 E7DH;57 475A?7E @757EE3DK  $5 3667@ H7@G7
5A@F35F KAGD 673>7D AD ;@EF3>>7D AD 3@ G@F;@9FA@ 735:   
3GF:AD;L76 E7DH;57 57@F7D A @AF
3FF7?BF FA D7B3;D F:7 3BB>;3@57 AD 53>>;@9 GE 3F
KAGDE7>8 @K IAD= B7D8AD?76 4K X

XX

G@3GF:AD;L76 B7DEA@@7> ?3K HA;6
F:7 I3DD3@FK


'((!"( # +&&"(' #'
 #(' &-&'
+:7 I3DD3@F;7E BDAH;676 4K * 8;DEF GE;@9 BGD5:3E7D 4K AE5: AD ;FE AD 3@363 +:7 .3DD3@F;7E
A?7 BB>;3@57E 22AE5: ;@ F:;E 3GF:AD;L76 673>7DE D7F3;>7DE AD BDAH;676 :7D7;@ 3D7 @AF
*F3F7?7@F A8 .3DD3@F;7E 3BB>K A@>K E7DH;57 57@F7DE ;@ F:7 ,@;F76 *F3F7E FD3@E87D34>7
FA AE5: >AF:7E 6DK7DE EA>6 FA F:7
   

   


 */+< ?66 373>/. )+<<+8>C 9=-2 A366 </:+3< 9< </:6+-/ 0<// 90 -2+<1/ +8C -97:98/8> :+<> >2+> 3=
<97 +>/ 90 8=>+66+>398 :<9@/8 ./0/->3@/ ?8./< -98.3>398= 90 89<7+6 297/ ?=/ 6+,9< +8.
=23::381 -9=>= 38-6?./. )+<<+8>C </:+3< =/<@3-/ 7?=> ,/ :/<09<7/. ,C
+8 +?>29<3D/. 9=-2 %/<@3-/ /8>/<
*/+< 373>/. )+<<+8>C 9=-2 A366 :<9@3./ </:6+-/7/8> :+<>= 0<// 90 -2+<1/ 09< +8C -97:98/8>
<97 +>/ 90 8=>+66+>398 :+<> >2+> 3= :<9@/8 ./0/->3@/ ?8./< -98.3>398= 90 89<7+6 297/ ?=/
=23::381 -9=>= 38-6?./. 6+,9< -2+<1/= /B-6?./.
*/+< 373>/. )+<<+8>C 98 6/-><983-= 9=-2 A366 </:+3< 9< </:6+-/ 0<// 90 -2+<1/ +8C 73-<9:<9-/==9< 9< :<38>/.
<97 +>/ 90 8=>+66+>398 -3<-?3> ,9+<. >2+> 3= :<9@/8 ./0/->3@/ ?8./< -98.3>398= 90 89<7+6 297/
?=/ 0<97 >2/ .+>/ 90 9<3138+6 38=>+66+>398 6+,9< -2+<1/= /B-6?./.
*/+< 373>/. )+<<+8>C 98 9>9< 9=-2 A366 </:+3< 9< </:6+-/ 0<// 90 -2+<1/ +8C 79>9< 9< -97:98/8> :+<>
<97 +>/ 90 8=>+66+>398 90 >2/ 79>9< >2+> 3= :<9@/8 ./0/->3@/ ?8./< -98.3>398= 90 89<7+6 297/
?=/ 0<97 >2/ .+>/ 90 9<3138+6 38=>+66+>398 6+,9< -2+<1/= /B-6?./.
 +>/ 90 38=>+66+>398 =2+66 </0/< >9 >2/ /+<63/< 90 >2/ .+>/ >2/ -69>2/= .<C/< 3= 38=>+66/. 9< >/8 ,?=38/== .+C= +0>/< >2/ ./63@/<C .+>/

F1:CA7=<A 3EEG?7 F:7 ;67@F;FK A8 F:7 AD;9;@3>  *,) +& ')&-  0&,)
8AD BGDBAE7E A8 F:7 3BB>;534>7 #&+* )0)* $&#
+:;E I3DD3@FK 6A7E @AF 5AH7D I3DD3@FK B7D;A6 +& + /+%+ *) # %,$) ',)*
E7DH;57 53>>E AD D7B3;DE FA 5ADD75F F:7 ')$ ++ 0 #. + * + % + *##)* %$
;@EF3>>3F;A@ A8 F:7 5>AF:7E 6DK7D FA .))%+0 * % # , & ## )** %  &'0 & +
BDAH;67 ;@EFDG5F;A@E A@ F:7 GE7 A8 &+) /')** % $'#  *#* %-& 
KAGD 5>AF:7E 6DK7D FA D7B>357 :AGE7 .))%+ * %#,j
8GE7E AD 5ADD75F B>G?4;@9 AD F:7  % + $'#  .))%+ *
7>75FD;5 I;D;@9 ;@ KAGD :A?7 AD FA & $)%+ # +0 %
D7B3;D 3@K 5>AF:7E 6DK7D F:3FE GE7  +%** &)  ')+ ,#)
I3E ;@ 3 ?3@@7D AF:7D F:3@ I:3F ;E ',)'&* &* &* %&+
@AD?3> 3@6 5GEFA?3DK 8AD :A?7 **,$ %0 )*'&%*  # +0
GE7 @ 366;F;A@ F:7 I3DD3@F;7E &) % %+# &)
BDAH;676 ;@ F:;E *F3F7?7@F 7J5>G67 &%*(,%+ # $* +&
3@K 67875FE AD 63?397 3D;E;@9 8DA? &+ % .))%+0 *)- 
355;67@F 3>F7D3F;A@ ?;EGE7 34GE7 &%++ + %)*+ &*
;?BDAB7D ;@EF3>>3F;A@ G@3GF:AD;L76 ,+&) 1 *)-  %+)
E7DH;57 IAD= 7JF7D@3> 8AD57E &) ## jjj  &)
47KA@6 AE5:E 5A@FDA> EG5: 3E .) + +&
8;D7 8>AA6 3@6 AF:7D 35FE A8 A6 AD * &$ ''# %* &)' 
;@EF3>>3F;A@ @AF ;@ 355AD63@57 I;F:  $ % -%,
>A53> 7>75FD;53> 3@6 B>G?4;@9 5A67E ,%+ %+&% 
#34AD 5:3D97E ;@5GDD76 ;@ F:7 D7B3;D   
AD D7B>357?7@F A8 3@K 5>AF:7E 6DK7D
38F7D 3 B7D;A6 A8 A@7 K73D 8DA? 63F7
A8 ;@EF3>>3F;A@ E:3>> @AF 47 5AH7D76
4K F:;E I3DD3@FK @K 3@6 3>>
D7B>3576 3@6
AD D7B3;D76 B3DFE E:3>>



(/0:3 23A ;/B7Q@3A
R47<7B7=<A                                                                                  
"'(&)(#"'  'K)&(K !$#&("('                                                 
@EFDG5F;A@E  $ * Z # +)) 
"'(&)(#"' "'( (#"                                                            

@FDA6G5F;A@ 
@8AD?3F;A@E EGD >3i?;E7 3G D74GF 
H3@F 6;@EF3>>7D >7iE^5:7j>;@97 
#;7G 6;@EF3>>3F;A@ 
D3@5:7?7@F _>75FD;CG7 
@EFDG5F;A@E 67 D355AD67?7@F Zi>3iF7DD7 
)355AD67?7@F 6Gi5A@6G;F 6_5:3BB7?7@F 
@EF3>>3F;A@ B3E Z B3E 
:75=j>;EF BD_3>34>7 Zi>7?B>A; 6G E^5:7j>;@97 
'D_B3D3F;A@ B3E ZiB3Ei3G FD3@EBADF 6GiE^5:7j>;@97 
"'(&)(#"' )( '(#"                                                              
'D_E7@F3F;A@ 67 HAFD7 @AGH73G E^5:7j>;@97 
#7 43@673G 67 5A??3@67 
&RAC;R 23A 7<AB@C1B7=<A                                                                     
<4=@;/B7=<A 23 AR1C@7BR                                                                      

,F;>;E3F;A@ BD_HG7 
H3@F 63>>G?7D >7iE^5:7j>;@97 
,F;>;E3F;A@ 6G E^5:7j>;@97 
'DAF75F;A@ 6G E^5:7j>;@97 
$@=B31B7=< 23 :3<D7@=<<3;3<B                                                                

D/<B 2CB7:7A3@ :3 AQ163X:7<53 >=C@ :/ >@3;7Q@3 4=7A                                             

R0@/<163;3<B B3;>=@/7@3 2CWAQ163X:7<53                                                    
7<53                                                                                       
_F7D?;@3F;A@ 67 >3i@3FGD7 6G F;EEG 
A@E7;>E BAGD >7iE_5:397 
'R:31B7=< 2C >@=5@/;;3                                                                     
'DA9D3??7E 3GFA?3F;CG7E 
'DA9D3??7E 3EEADF;E 6G@7 6GD_7 
&BF;A@E 
@6;53F7GD 67 6_DAG>7?7@F 6G BDA9D3??7 
A@5F;A@ 67 BDA9D3??3F;A@ 6Gi?;@GF7GD 
(/0:3/C 23 AR:31B7=< 23A >@=5@/;;3A                                                         
)B7:7A/B7=<                                                                                   
,F;>;E3F;A@ 6G E^5:7j>;@97 
<AGF 67 >;@97 
'DA9D3??3F;A@ 6Gi?;@GF7GD 

"3BB=G/53 3B 3<B@3B73<                                                                       
%7FFAK397 6G E^5:7j>;@97 
%7FFAK397 6G 8;>FD7 ZiB7>G5:7E 
%7FFAK397 6G 5A@6G;F 6_5:3BB7?7@F 
%7FFAK397 67E 53BF7GDE 6:G?;6;F_ 
R@/<53;3<B 3B @3;Q23A                                                                     
*)-  + )T')+ &%* 
 &(#" ' &"(' 'Q163X " #'                                         
J5>GE;A@E 67 93D3@F;7 


-AGE H7@7L 6ABF7D BAGD G@
E^5:7j>;@97 AE5: 7F @AGE HAGE 7@
8_>;5;FA@E -AGE 83;F7E 3;@E; B3DF;7
67E 5A@EA??3F7GDE 7J;973@F 67E
B7D8AD?3@57E 67 E_5:397
7J57BF;A@@7>>7E 67 >7GD E^5:7j>;@97
FAGF 7@ ?_@3973@F >7E F7JF;>7E
7 E^5:7j>;@97 E7 5A@8AD?7 Z >3
@AD?7 ,#

:3CG7 E^5:7j>;@97 CG;FF3@F @AFD7
GE;@7 3 EG4; 67E F7EFE 5A?B>7FE 67
B7D8AD?3@57E 7F E7 FDAGH7 7@ B3D83;F
_F3F 67 ?3D5:7 *; HAGE EAG:3;F7L R47<7B7=<A
67?3@67D 67E BD_5;E;A@E
@AF3??7@F EGD >;@EF3>>3F;A@ 6G
E^5:7j>;@97 @AFD7 _CG;B7 6G
d "& d
E7DH;57 3BD^EjH7@F7 E7 87D3 G@ "&  7FF7 ?7@F;A@ 7F
B>3;E;D 67 HAGE D_BA@6D7 >7iEK?4A>7 ;@6;CG7@F CG7 >7

BB3D7;>E 67
E_5:397 67E H`F7?7@FE
7 E^5:7j>;@97 A88D7 G@7
53D35F_D;EF;CG7 B3DF;5G>;^D7?7@F
;@F_D7EE3@F7  ;> 5A@EA??7 B7G
6_@7D9;7
,@7 B:;>AEAB:;7 67 8A@5F;A@@7?7@F
E;?B>7 FAGF7 G@7 93??7 67
BDA9D3??7E 5GEFA?;E_E 67
E_5:397 G@ D7FAGD :3BF;CG7 83;E3@F
4;7@ E7@F;D >3 DA4GEF7EE7 6G BDA6G;F
7@ 8A@F >3EE;EF3@F GF;>7 7F 5A??A67
67 HAFD7 8AK7D D;ECG7 67 4>7EEGD7E AG 67
7 E^5:7j>;@97 AE5: A88D7
>7Ei53D35F_D;EF;CG7E EF3@63D6
EG;H3@F7Ei
 *KEF^?7 67 E_5:397
:3GF7?7@F 788;5357 7F BD_5;E d $&)" d
 +3?4AGD 7@ 35;7D ;@AJK634>7
6G@7 53B35;F_ 3FF7;9@3@F
-AGE FDAGH7D7L 63GFD7E
;@8AD?3F;A@E 7F FAGF G@ 5:A;J 67
@AEiBDA6G;FE EGD >7 E;F7 .74
EG;H3@Fi
III 4AE5:3BB>;3@57E 5A?
<4=@;/B7=<
-7G;>>7L E H B >;D7 7F D7EB75F7D
>;@F_9D3>;F_ 67 57FF7 @AF;57
6;@EF3>>3F;A@ 7F 6GF;>;E3F;A@ 3;@E;
CG7 FAGF7E >7E ;@8AD?3F;A@E CG; A@F
_F_ 8AGD@;7E 3H75 57 E^5:7j>;@97 ?7@F;A@ HAGE BD_H;7@F 6G@
@A@jD7EB75F 67 >3H7DF;EE7?7@F
CG; >7E 355A?B39@7@F 7@97@6D7
G@ 63@97D 67 ?ADF AG G@ D;ECG7
67 4>7EEGD7E 9D3H7E
D3@B7AA3X
d ;3<B
d
*&(''!"(  7FF7
6_9\FEi5A@E;6_D34>7E E; HAGE
@7iD7EB75F7L B3E >3H7DF;EE7?7@F
5ADD7EBA@63@F
$&)"  7FF7 ?7@F;A@
7Fi57 EK?4A>7 ;@6;CG7@F CG7 >7
i>4E  =9 @A@D7EB75F 67 >3H7DF;EE7?7@F
 -7DDAG;>>397 67 >3 BADF7 3H75 CG; >7E 355A?B39@7 7@97@6D7
8A@5F;A@ 63DD`F 3GFA?3F;CG7 G@ D;ECG7 67 4>7EEGD7E AG 6_9\FE
6GiF3?4AGD >_97DE
 A@5F;A@@7?7@F 7JFD`?7?7@F
E;>7@5;7GJ i 7 EK?4A>7 E7DF Z 3FF;D7D HAFD7
 K5>7E 3GFA?3F;CG7E 5A@FDe>_E 3FF7@F;A@ EGD 67E BA;@FE
B3D 67E 53BF7GDE ;?BADF3@FE

 K5>7E ?;@GF_E BAGH3@F

3FF7;@6D7  ?;@GF7E
 A@5F;A@ 3@F;j8DA;EE397


"'(&)(#"'  'K)&(K !$#&("('
 %7 5:7D5:7L B3E Z ?A6;8;7D  H3@F 67 EAG?7FFD7 >3BB3D7;>
D3@B7AA3X >7Ei5A??3@67E 67 >3BB3D7;> ZiFAGF7 ?3;@F7@3@57
d ;3<B
d  %7 F7@F7L B3E 67 D_B3D7D @; 6_4D3@5:7L FAG<AGDE E3 8;5:7
D7?B>357D CG7>CG7 B;^57 CG7 ?\>7 67 >3 BD;E7 67 5AGD3@F
'AGD D_6G;D7 >7 D;ECG7 6;@57@6;7 57 EA;F 67 >3BB3D7;> @7 >7 'AGD 6_4D3@5:7D E3;E;EE7L >3
67 5:A5 _>75FD;CG7 67 4>7EEGD7 EAG?7FF7L B3E Z 67E 8;5:7 ?\>7 7F @A@ B3E >7 5AD6A@
9D3H7 AG _53DF7D FAGF 63@97D 67 AB_D3F;A@E 67 ?3;@F7@3@57 67 57>>7j5;
?ADF 7F
AG D;ECG7 67 6_9\FE 3GFD7E CG7 57>>7E EB_5;8;CG7j  )3@97L FAGE >7E BDA6G;FE
?3F_D;7>E B7@63@F >GF;>;E3F;A@ 67 ?7@F ;@6;CG_7E 63@E >7E 5:;?;CG7E 7F 3557EEA;D7E 67
HAFD7 E^5:7j>;@97 H7G;>>7L E H B ;@EFDG5F;A@E 67 ?3;@F7@3@57 FD3;F7?7@F 6G >;@97 63@E G@
BD7@6D7 67E BD_53GF;A@E AGi67 D_B3D3F;A@ 7F B7D?;E7E 7@6DA;F E75 7F 8D3;E 7@
8A@63?7@F3>7E 5A?BD7@3@F Zi>GF;>;E3F7GD 575; Z 5A@6;F;A@ D7EB75F3@F >7E ;@EFDG5F;A@E
57>>7E _@A@5_7E 5;j3BD^E CG7 HAGE 7@ 5A?BD7@;7L >7 BG4>;_7E B3D >7GDE 834D;53@FE
5A@F7@G 7F 3K7L >:34;>;F_ 7F 7@6DA;F 6A;F E7 FDAGH7D :ADE
D7CG;E7 BAGD D_3>;E7D 57E 67 BADF_7 67E 7@83@FE
 -7G;>>7L >;D7 FAGF7E >7E AB_D3F;A@E  'AGD D_6G;D7 >7 D;ECG7
;@EFDG5F;A@E 8;9GD3@F 63@E 57FF7
 %GF;>;E7L B3E 67 BDA6G;FE 6;@57@6;7 @7 ?7FF7L <3?3;E
@AF;57 3H3@F 6GF;>;E7D >7
36AG5;EE7GDE AG 57GJ 67EF;@_E 63@E >7 E^5:7j>;@97 67E
E^5:7j>;@97  >3 >;HD3;EA@
Z _>;?;@7D >_>75FD;5;F_ EF3F;CG7 H`F7?7@FE 5:;88A@E 67
>7EiE^5:7j>;@97 AE5: EA@F
E3G8 E;>E EA@F _F_ D75A??3@j @7FFAK397 3557EEA;D7E
355A?B39@_7E 6G@7 @AF;57
6_E B3D >7 834D;53@F 6G F7JF;>7 67i@7FFAK397E Z 8D3@97E
6GF;>;E3F;A@ 67 ?3;@F7@3@57

 %7 HAGE E7DH7L B3E 67 >3 5A?BADF3@F 67E FD357E 67 FAGF7
7Fi6;@EF3>>3F;A@
5:3>7GD BAGD E_5:7D 67E 3DF;5>7E EG4EF3@57 ;@8>3??34>7 5A??7
 %7 83;F7E B3E E_5:7D 67 B;^57E
67 >;@97 CG; A@F _F_
BD_3>34>7?7@F @7FFAK_7E
>3H_7E 7F F35:_7E 3H75 AG
FD7?B_7E 63@E 67 >7EE7@57
67E EA>H3@FE 67 6_9D3;EE397
ZiE75 AG 63GFD7E EG4EF3@57E
7JB>AE;H7E 53D FAGF7E 57E
EG4EF3@57E 6_9397@F 67E
H3B7GDE EGE57BF;4>7E 67 
E7@8>3??7D AG 67JB>AE7D @7FFAK7L >7E B7>G5:7E
 %7 B7D?7FF7L <3?3;E 3GJ
>:G;>7 H_9_F3>7 >:G;>7 67
5A@F7@3@F 6G 53AGF5:AG5
5G;E;@7 >7E :G;>7E AG BDA6G;FE
?AGEE7 G@7 _F;CG7FF7 B7GF
6;EF;>>_E Z 43E7 67 B_FDA>7 >7E
;@6;CG7D >3 BD_E7@57 67 ?AGEE7
5;D7E 9D3;EE7E 7F5 ,@7 AG
67 >3F7J AG 67E ?3F_D;3GJ 7@
B>GE;7GDE EG4EF3@57E
53AGF5:AG5 F7JFGD_E 67 83]A@
;@8>3??34>7E B7GH7@F `FD7
E;?;>3;D7 #7E ?3F_D;3GJ
D7EF_7E EGD 57E B;^57E 67 >;@97
?AGEE7 B7GH7@F E7@8>3??7D
?`?7 3BD^E >7 >3H397
EBA@F3@_?7@F
>>7EiD;ECG7@F 67 E7 ?7FFD7
 H3@F 7F 3BD^E >7 B3EE397
Zi8G?7D AG 67 BD7@6D7 87G
EBA@F3@_?7@F
6_BAE_7E EGD >7 8;>FD7
 %7 ?7FF7L B3E Z E_5:7D 63@E
7@83@FE 67 <AG7D EGD AG 3H75 
>3BB3D7;> *GDH7;>>7L >7E 7@83@FE
67 BD^E >ADECG7 HAGE HAGE
E7DH7L 67 >3BB3D7;> Z BDAJ;?;F_
67E 7@83@FE B7>G5:7E BAGEE;^D7E
 H3@F 67 ?7FFD7 >3BB3D7;> :ADE
E7DH;57 AG 3G D74GF D7F;D7L >3
BADF7 6G 5A?B3DF;?7@F 67 
 > 83G6D3;F CG7 >7 B7DEA@@7> 67
E_5:397 E7DH;57 3BD^EjH7@F7 CG3>;8;_
 %;@FDA6G;E7L B3E >7E ?3;@E
63@E >3BB3D7;> F3@6;E CG7 >7
F3?4AGD FAGD@7
 %;@EF3>>7L @; @7 EFA5=7L B3E
>3BB3D7;> 63@E G@ 7@6DA;F
7JBAE_ 3GJ ;@F7?B_D;7E
 -7;>>7L Z 57 CG7 >3 LA@7 E;FG_7
>3BB3D7;> 67E B;^57E 67 >;@97
3GFAGD 67 >AD;8;57 67 EADF;7 7F
7JBAE_7E 3GJ :G;>7E 67
>7E LA@7E HA;E;@7E EA;7@F
5G;EEA@ 7E B;^57E 67 >;@97
7J7?BF7E 67 4AGDD7E
5A@F3?;@_7E B3D >7E :G;>7E 67
5G;EEA@ B7GH7@F 5A@FD;4G7D
355G?G>_7E ,@ AD;8;57 A4EFDG_
ZiG@7 D_35F;A@ 5:;?;CG7 CG;
D;ECG7 67 D_6G;D7 >7 8>GJ 63;D
87D3;F BD7@6D7 87G Z >3 5:3D97
67i>;@97
 %7 HAGE 3EE7K7L B3E EGD >7
@7FFA;7 D_9G>;^D7?7@F >;@F_D;7GD
E^5:7j>;@97
67 >3 ?35:;@7 7F >7 5A@6G;F
6_5:3BB7?7@F 63;D


 'AGD D_6G;D7 >7 D;ECG7  +AGF ?3@CG7?7@F Z ;@EF3>>7D <AB@C1B7=<A  !'
6;@57@6;7 AG 67 5:A5 7@FD7F7@;D 7F
AG 83;D7 ?3D5:7D >7
_>75FD;CG7 %,+ # *1 '* E^5:7j>;@97 7@ 5A@8AD?;F_ 3H75
N  (&&
67iBDA>A@93F7GD @; 6363BF3j >7E ;@EFDG5F;A@E 6G 834D;53@F > 83GF ;?B_D3F;H7?7@F D355AD67D 57
F7GD BAGD D355AD67D >7 B7GF BDAHACG7D 67E 6A??397E E^5:7j>;@97 Z >3 F7DD7 @ 53E 67
E^5:7j>;@97 Z G@7 BD;E7 5ADBAD7>E 7F
AG 67E 6_9\FE 6KE8A@5F;A@@7?7@F AG 67 B3@@7
6GiE75F7GD _>75FD;CG7 ?3F_D;7>E E3i>;3;EA@ 3H75 >3 F7DD7 D_6G;D3 >7

 %GF;>;E7L 57 E^5:7j>;@97 CG7  'AGD _H;F7D 67@6A??397D D;ECG7 67 5:A5 _>75FD;CG7 7@
5A@8AD?_?7@F Z E3 67EF;@3F;A@ >7iEA> AG >3 BDA>;8_D3F;A@ 67 8AGD@;EE3@F 3G 5AGD3@F _>75FD;CG7
?A;E;EEGD7E @7 >3;EE7L B3E G@i5:7?;@ 67 B3EE397 Z D_E;EF3@57
 -_D;8;7L FAG<AGDE >7 5A@F7@G
>73G D_B3@6G7 AG >7E _>75FD;CG7 FD^E D_6G;F7
67EiBA5:7E 7F D7F;D7L FAGE >7E
A4<7FE FDAGH_E #7E 4D;CG7FE _5>34AGEEGD7E 7@ B7D?3@7@57 $=C@ :3 "
3GFAGD 67 >3BB3D7;> AG EAGE 7F 3BB3D7;> 7EF _CG;B_ 6G@ 5AD6A@
Zi5;93D7FF7E EA@F B3DF;5G>;^D7j
57>G;j5; 63>;?7@F3F;A@ 3H75 8;> ;@F_9D_ 67
?7@F 63@97D7GJ
D355AD67?7@F 67 >3BB3D7;> Z >3
 )7?B>357L >7E 5AD6A@E
63>;?7@F3FA@ _>75FD;CG7E
GE_Ei7F
AG >7E 8;5:7E ?\>7E
5A?BADF3@F 67E 83GJ 5A@F35FE $'&)+%+* 8;9GD3@F
&3;/@?C3A 
F7DD7 7F 6G@7 8;5:7 67
 #7E $ ** % )
D355AD67?7@F Z >3 F7DD7 > 83G6D3
7Fi-)+ **$%+*
4D3@5:7D >3 8;5:7 63@E G@7 BD;E7
87?7>>7 3BBDABD;_7 D7>;_7 Z >3 F7DD7
63@E >7 BD_E7@F ?3@G7> @7

 %7 83;F7E B3E ?3D5:7D >7 5A@8AD?_?7@F Z >3 D_9>7?7@F3F;A@
E3GD3;7@F 7@H;E397D FAGF7E
E^5:7j>;@97 F3@F CG7 FAGF 7F 3GJ 6_5D7FE >A53GJ
>7E E;FG3F;A@E BAEE;4>7E 7F
5AGH7D5>7 7F
AG B3@@73G
7@>7H_ @3 B3E _F_ D7?;E 7@
;?39;@34>7E
D3@B7AA3X
B>357
3;F7E BD7GH7 67 4A@ E7@E
67 BDG67@57 7F 67 EA;@
d ;3<B
d
 %7 83;F7E B3E ?3D5:7D >7 B7@63@F >;@EF3>>3F;A@
E^5:7j>;@97 E;> >G; ?3@CG7 67E >7@FD7F;7@ 7F >GF;>;E3F;A@ #7 4D3@5:7?7@F ;@7JB7DF 6G 8;>
B;^57E AG E; 7>>7E EA@F 53EE_7E 67i57 E^5:7j>;@97 5:3D9_ 67 D355AD67D >3BB3D7;>
 %7 F7@F7L B3E 67 5A@FAGD@7D Zi>3 F7DD7 B7GF 7@97@6D7D G@
 A@F35F7L FAG<AGDE HAFD7
G@i6;EBAE;F;8 67 E_5GD;F_ D7H7@67GD 6;EFD;4GF7GD D;ECG7 67 5:A5 _>75FD;CG7
CG7>5A@CG7 397@F 6G E7DH;57 H75 >3;67 6G@ _>75FD;5;7@ 39D__
 H75 57 E^5:7j>;@97 @GF;>;E7L 3BD^EjH7@F7 *- AG >7 AG 6G@ F75:@;5;7@ 6G E7DH;57
B3E 67 5A@6G;F 8>7J;4>7 7@ 834D;53@F 7@ BD_E7@57 67 3BD^EjH7@F7 *- H_D;8;7L 7@ 53E
B>3EF;CG7 AG 63@E G@ ?3F_D;3G BDA4>^?7E AG E;FG3F;A@E 67 6AGF7 CG7 >7 E^5:7j>;@97 7EF
@A@ ?_F3>>;CG7 #7E 5A@6G;F7E HAGE B3D3;EE3@F
8>7J;4>7E 7@ B>3EF;CG7 AG 63@E ;@5A?BD_:7@E;4>7E
FAGF ?3F_D;3G @A@ ?_F3>>;CG7  )7EB75F7L _93>7?7@F >7E
7@97@6D7@F G@ D;ECG7 BAF7@F;7> ;@8AD?3F;A@E 67 E_5GD;F_
6;@57@6;7 ;@5>GE7E 63@E >7E
 %7 83;F7E B3E ?3D5:7D >7 %*+),+ &%*
E^5:7j>;@97 F3@F CG7 HAGE  %*+##+ &% 7F
@`F7E B3E EhD E; >7 E^5:7j>;@97 >7Ei %*+),+ &%*
3 _F_ ;@EF3>>_ 5A@8AD?_?7@F ,+ # *+ &%
3GJ ;@EFDG5F;A@E ;@EF3>>3F;A@
7F CG7 >;@EF3>>3F;A@ 3;@E; CG7 >7
D355AD67?7@F Z >3 F7DD7 E7
5A@8AD?7 Z FAGE >7E 3DD`F_E
?G@;5;B3GJ 7F
AG >7E 3GFD7E
D^9>7?7@FE 7F 7J;97@57E
3BB>;534>7E


"'(&)(#"' "'(
<B@=2C1B7=<
-7G;>>7L >;D7 57E ;@EFDG5F;A@E
6;@EF3>>3F;A@ 7@F;^D7?7@F 7F
EA;9@7GE7?7@F >>7E HAGE 87DA@F
_5A@A?;E7D 6G F7?BE 7F 67E 788ADFE
7F HAGE 3;67DA@F Z A4F7@;D 67E
B7D8AD?3@57E ABF;?3>7E 67 HAFD7
E^5:7j>;@97 -7;>>7L Z 4;7@ D7EB75F7D
FAGE >7E 3H7DF;EE7?7@FE 7F ?;E7E 7@
93D67 _@A@5_E 5A?BAE3@FE 67?43>>397 %7iF7@F7L B3E 67 >7 EAG>7H7D
#7E BD_E7@F7E ;@EFDG5F;A@E
6GF;>;E3F;A@ EA@F 67EF;@_7E
Zi67Ei;@EF3>>3F7GDE CG3>;8;_E
#7iE^5:7j>;@97 67HD3 `FD7 ;@EF3>>_ 7@
5A@8AD?;F_ @A@ E7G>7?7@F 3H75 >7E
BD_E7@F7E ;@EFDG5F;A@E ?3;E 3GEE;
3H75 FAGE >7E D^9>7?7@FE >A53GJ AG
7@ >34E7@57 67 F7>E D^9>7?7@FE 
 GJ B/BAX)<7A 
5A@8AD?7LjHAGE 3G %3F;A@3>
>75FD;5 A67 %*
%'  'AGD 5A@@3bFD7 >7E 5;D5G;FE 67 ?;E7
7@ EA@ _6;F;A@ >3 B>GE D_57@F7
7@ 5A@8AD?;F_ 3H75 >3
D_9>7?7@F3F;A@ _6;5F_7 B3D
>F3F 67 D_E;67@57 >3
D_9>7?7@F3F;A@ ?G@;5;B3>7
7F
AG >A53>7 H;E;4>7?7@F 7@6A??39_ @ 53E 67
 G /</2/  5A@8AD?7LjHAGE
3G A67 >75FD;CG7 3@36;7@

(#"
<4=@;/B7=<A AC@ D/<B 27<AB/::3@
:/W;7A3 /C @30CB :3WAQ163X:7<53
!7A3 /C @30CB 23 :3;0/::/53 R0/::/53 23 :/>>/@37:
d "& d *&('X
d '!"(
d
>A;9@7L >7E 7@83@FE 67 FAGF
53DFA@ 67?43>>397 7F 7 E^5:7j>;@97 7EF FD^E >AGD6
#7Ei87G;>>7E 7@ B>3EF;CG7 7F >7E %7iF7@F7L B3E 67 EAG>7H7D
53DFA@E B>;3@FE 5A?BADF7@F G@
>3BB3D7;> B3D 57DF3;@7E B3DF;7E
D;ECG7 6_FAG887?7@F E3;>>3@F7E E3 BADF7 B3D 7J 
+AGE >7E ?3F_D;3GJ 5A?BAE3@F -AGEiD;ECG7D;7L 67 >7E 53EE7D
>7?43>>397 EA@F _5A>A9;CG7E 7F
D75K5>34>7E 'AGD 5A@FD;4G7D HAGE
3GEE; Z >3 BDAF75F;A@ 67 >3 @3FGD7 d $&)" d
?7FF7L >7E ?3F_D;3GJ 67?43>>397
3G D74GF 67 83]A@ D7EB75FG7GE7 )7F;D7L EA;9@7GE7?7@F FAGF
67i>7@H;DA@@7?7@F >7?43>>397 67 >3BB3D7;> 575;
BAGD 7?B`5:7D 67@6A??397D
3G D74GF H7G;>>7L 5A@EG>F7D HAFD7 67E EGD8357E
D7H7@67GD AG >7E E7DH;57E
5A?B_F7@FE 67 HAFD7 ?3;D;7 -_D;8;7L E; >7 E^5:7j>;@97 3 EG4; 67E
!7A3 /C @30CB 23 :/<173< 6_9\FE 7@ 5AGDE 67 FD3@EBADF
/>>/@37: %7i4D3@5:7L B3E G@ E^5:7j>;@97
6AGF7 5A@F35F7L HAFD7 D7H7@67GD
d "& d
113AA=7@3A 4=C@<7A
*; >3BB3D7;> @7 6A;F B>GE <3?3;E
  7@ EA@ _6;F;A@ >3 B>GE $=C@ :3A B/BAX)<7A
E7DH;D 6_4D3@5:7L E3 8;5:7 ?\>7
D_57@F7
7@ 5A@8AD?;F_ 3H75
67 >3 BD;E7 67 5AGD3@F 5AGB7L
>3iD_9>7?7@F3F;A@ _6;5F_7 B3D
>3iBDAH;@57 67 D_E;67@57 EA@ 5AD6A@ 63>;?7@F3F;A@ 7F
d $&)" d
>3iD_9>7?7@F3F;A@ ?G@;5;B3>7 <7F7Lj>7 3H75 >3 8;5:7 ?\>7 #3BB3D7;> 7EF 8AGD@; E3@E 5AD6A@
7F
AG >A53>7 'AGD 7?B`5:7D CG7 67E 7@83@FE @7 63>;?7@F3F;A@ #7 4D3@5:7?7@F
E7@87D?7@F 63@E >3@5;7@ 3BB3D7;> 6G 5AD6A@ 63>;?7@F3F;A@ 7EF
7F D;ECG7@F >7GD H;7 6_FDG;E7L >7 D_E7DH_ G@;CG7?7@F Z 67E B7Dj
EKEF^?7 67 87D?7FGD7 6G :G4>AF EA@@7E CG3>;8;_7E
AGiD7F;D7L 57 67D@;7D
#7E 3BB3D7;>E 3@5;7@E @7 EA@F d $&)" d
B3Ei67E 6_5:7FE E3@E H3>7GD
,@iD75K5>397 D7EB75FG7GJ 67 BD^E 3HA;D D7F;D_ >7?43>>397
>7@H;DA@@7?7@F B7D?7F 67 EADF7L FAGE >7E A4<7FE _H7@FG7>>7j
D_5GB_D7D 67E ?3F;^D7E BD7?;^D7E ?7@F BD_E7@FE 63@E >7 F3?4AGD
@A@ 6_@G_7E 67 H3>7GD 7 E^5:7j>;@97 3 _F_ >;HD_ 7@ F3@F
'AGD 5A@@3bFD7 >7E 5;D5G;FE 67 ?;E7 CG3BB3D7;> 5A?B>7F -AGE
3G D74GF H7G;>>7L 5A@EG>F7D HAFD7 FDAGH7D7L >3 @AF;57 6GF;>;E3F;A@
D7H7@67GD AG >7E E7DH;57E 63@E
>7 F3?4AGD
5A?B_F7@FE 67 HAFD7 ?3;D;7

 73C 27<AB/::/B7=< ;EF3@57 ?;@;?G? Z D7EB75F7D >ADE

67 >;@EF3>>3F;A@

*&('X &,
d '!"( d /= ./?B -T>N=   77
/==?=    77
%;@EF3>>7L B3E 57 E^5:7j>;@97  <<3M</   77
 7@ B>7;@ 3;D @+8>   77
 3@E G@ 7@H;DA@@7?7@F Af
<<3M</   77
67i>73G 9AGFF7
 'D^E 67 ?3F_D;3GJ
<4=@;/B7=<A 7;>=@B/<B3A AC@ :3A
;@8>3??34>7E 27AB/<13A ;7<7;C;A
 3@E 67E >A53GJ 5A?BADF3@F -A;D 3GEE; >3 B397  
%'!(-%)(- )% -
G@ D;ECG7 67 97>  7E 6;EF3@57E EGB_D;7GD7E 3GJ
 3@E 67E >A53GJ BAGH3@F +   -7  6,= 6;EF3@57E ?;@;?G?E ;@6;CG_7E
5A@F7@;D 6G 93L 67 >7EE7@57  51 D_6G;E7@F >7 D;ECG7 63BB3D;F;A@
,   -7
AG 63GFD7E 5A?4GEF;4>7E +@/- 67 ?A;E;EEGD7E Z >3DD;^D7 67
 3@E 67E B>353D6E Z BADF7E -   -7 6/7,+6W >3BB3D7;>
87D?3@F Z 5>_ 7F 63@E 67E 6+1/
.   -7 V6,=  7E 6;EF3@57E EGB_D;7GD7E
3>5eH7E +816/  G D_6G;E7@F >3 BDAB393F;A@ 6G
 51
#3 B;^57 Af >3BB3D7;> 8A@5F;A@@7D3 4DG;F
6A;F `FD7 4;7@ 3_D_7 E;@A@ E7E *; HAGE ;@EF3>>7L >7 E^5:7j>;@97 63@E
 7E 6;EF3@57E EGB_D;7GD7E
B7D8AD?3@57E D7EF7DA@F G@ ?7G4>7 H7G;>>7L D7EB75F7D >7E
835;>;F7@F >;@EF3>>3F;A@ 7F >7E
EG4jABF;?3>7E 7EB357?7@FE ?;@;?G?E ;@6;CG_E
AB_D3F;A@E 67 ?3;@F7@3@57
63@E >3 8;9GD7 5;j67EEAGE 
%7 83;F7E B3E ?3D5:7D >7  *; >7 E^5:7j>;@97 3 _F_ ;@EF3>>_
E^5:7j>;@97 Z 67E F7?B_D3FGD7E 63@E G@ >A53> 7J;9G ;> 83G6D3
EGB_D;7GD7E Z  °  ° 7F BD_HA;D EGD >3 BADF7 67E AD;8;57E
;@8_D;7GD7E Z  °  ° 63_D3F;A@ 3K3@F >3 F3;>>7
#7Ei43EE7E F7?B_D3FGD7E 38875F7@F ?;@;?G? EB_5;8;_7
>7 E_CG7@57?7@F 3GFA?3F;CG7 67E
BDA9D3??7E 7F B7GH7@F 3>>A@97D 7B 23 47F/B7=< :/D3X:7<53
>3i6GD_7 67 E_5:397 AQ163X:7<53
'AGD _5A@A?;E7D 67 >3 B>357 HAGE
#3 EGD8357 EGD >3CG7>>7 E7 FDAGH7 BAGH7L B>357D >7 E^5:7j>;@97 EGD G@
>7iE^5:7j>;@97 6A;F `FD7 BDABD7 >3H7j>;@97 AE5: BD_E7@F3@F >7E
:AD;LA@F3>7 7F 6GD7 %;@EF3>>7L ?`?7E 6;?7@E;A@E
<3?3;E >3BB3D7;> EGD 67E F3B;E
7Fi?ACG7FF7E A?B7@E7L >7E ,F;>;E7L >7 =;F 67 8;J3F;A@ EB_5;3>
;DD_9G>3D;F_E 6G EA> B3D E7E B;76E 'DA5GD7LjHAGE >7 3GBD^E 67 @AFD7
D_9>34>7E 7@ :3GF7GD E7DH;57 3BD^EjH7@F7 AG 67 HAFD7
D7H7@67GD >A53>
@EF3>>7L >7 E^5:7j>;@97 7F 3<GEF7L
EA@ :AD;LA@F3>;F_ 3H3@F k 3DD;^D7 7F *&('X
5eF_E ,F;>;E7L G@ @;H73G Z 4G>>7 d '!"(
d
%7@>7H7L <3?3;E >7E B;76E D_9>34>7E
7@ :3GF7GD 'AGD 67E D3;EA@E 67 E_5GD;F_
#7E 6;?7@E;A@E 67 >3 EGD8357 >;@EF3>>3F;A@ 6G E^5:7j>;@97 7EF
6;@EF3>>3F;A@ 6_B7@67@F 67 57>>7E G@7 AB_D3F;A@ ;@5A?43@F Z G@
6G E^5:7j>;@97 -_D;8;7L CG;> D7EF7 7JB7DF *7DH7LjHAGE FAG<AGDE 6G
EG88;E3??7@F 67 B>357 BAGD CG7 =;F 67 8;J3F;A@ BAGD 8;J7D >7
E3iBADF7 BG;EE7 FAGD@7D E^5:7j>;@97 5A@FD7 >7 >3H7j>;@97
);ECG7 67 4>7EEGD7E 63@E >7 53E
5A@FD3;D7


@/<163;3<B  +7@E;A@ @A?;@3>7 ?;@;?G?  &3;/@?C3 
 - ,@ 5AD6A@ 63>;?7@F3F;A@ _>75FD;CG7
R:31B@7?C3  @F7@E;F_ @A?;@3>7    CG36D;8;>3;D7 6A;F 5A?BADF7D CG3FD7 8;>E
 +KB7 *)+ 7@ 5G;HD7 . @P  7F 5ADD7EBA@6D7
*&('X  > 6A;F ?7EGD7D 3G ?;@;?G? Z G@7 BD;E7 Z  8;>E 6G FKB7 %$
d '!"(
d iB;76E 67 >A@9 ) #7 7 8;> 5A@6G5F7GD 67
F7DD7 6A;F `FD7 D7B_D_ B3D G@7 93;@7
 AD@7E 3@@G>3;D7E AG 4AD@7E
H7DF7 7F >7 8;> 67 @7GFD7 B3D G@7 93;@7
#7 D355AD67?7@F 6G 5AD6A@ ZiB3FF7E Z 4AD6E D7>7H_E
4>3@5:7
63>;?7@F3F;A@ _>75FD;CG7 7EF @/<163;3<B 2C< 1=@2=<
D_E7DH_ G@;CG7?7@F Z G@7 2/:7;3<B/B7=< R:31B@7?C3 N  47:A <9-2/= 9?@/<>/=
J ,9<.= </6/@N=
B7DEA@@7 CG3>;8;_7
A@@75F7Lj>7 Z G@ 5;D5G;F *&('X
;@6;H;6G7> 67 6_D;H3F;A@ d '!"(
d </38 J -9<.98 !/?></
!/?></ 2979691?N ' ,6+8-
%GF;>;E7L B3E 6363BF3F7GD 

#7 D355AD67?7@F 6G 5AD6A@ 7EF
%GF;>;E7L B3E 67 BDA>A@93F7GD 7J5>GE;H7?7@F D_E7DH_ Z G@
36 ./ >/<</ @/<>
%7 D7F;D7L B3E >3 4DA5:7 67 _>75FD;5;7@ 39D__ <9-2/
5A@@7J;A@ Z >3 F7DD7 ./ >/<</
%GF;>;E7L CGG@ 5AD6A@ 9<8/= +88?6+3</=
63>;?7@F3F;A@ :A?A>A9G_ ,# 'AGD 4D3@5:7D >7 5AD6A@
$=C@ :3 " EGBBADF3@F G@ 3?B_D397 67   63>;?7@F3F;A@ _>75FD;CG7 
-AFD7 E^5:7j>;@97 7EF >;HD_ _CG;B_ 7F 5A?BADF3@F G@ 8D7;@ 67EF;@_
6G@ 5AD6A@ 63>;?7@F3F;A@ Z  8;>E Zi34EAD47D >3 F7@E;A@  )7F;D7L >7E H;E 6G 5AGH7D5>7
:A?A>A9G_ * 3G 3@363 _CG;B3@F >7 4AbF;7D 67 <A@5F;A@
?_53@;CG7 )7EB75F7L >7E
7 4AbF;7D E7 FDAGH7 7@ :3GF
7 E^5:7j>;@97 D7CG;7DF G@7 BD;E7 ;@EFDG5F;A@E BG4>;_7E B3D EA@
Zi>3DD;^D7 6G E^5:7j>;@97
87?7>>7 Z  8;>E 834D;53@F
 7EE7DD7L BG;E D7F;D7L >7E 67GJ
%7 4D3@5:7L B3E >7JFD_?;F_ 6G H;E 6G 8D7;@ Z 5AD6A@ BG;E D7F;D7L
5AD6A@ 63>;?7@F3F;A@ 63@E G@7 >7 5AD6A@ #7 8D7;@ Z 5AD6A@ E7
BD;E7 87?7>>7 EAGE F7@E;A@ 3H3@F B3DF397 7@ 67GJ B;^57E
63HA;D D355AD6_ >7E 8;>E 6G ;67@F;CG7E
5AD6A@ 3GJ 4AD@7E 67 >3BB3D7;>  @E_D7L >3 4D;67 >3D97 67E 67GJ
7F 63HA;D D787D?_ >7 4AbF;7D 67 E75F;A@E 63@E >7 FDAG E;FG_ EGD
<A@5F;A@
67 6;EFD;4GF;A@ 5A??7 >7 5eF_ 6G 4AbF;7D 67 <A@5F;A@ 7F
#ADECG7 HAGE ;@EF3>>7L >3 BD;E7 ;??A4;>;E_ B3D >_5DAG 67
6_5D;F 5;j67EEAGE
87?7>>7 D757H3@F >7 5AD6A@ 5AGB>397 67BG;E >;@F_D;7GD 6G
63>;?7@F3F;A@ H7;>>7L 4;7@ Z 57 %7 D_GF;>;E7L B3E G@ 5AD6A@
63>;?7@F3F;A@ 7@6A??39_ 4AbF;7D #3 4D;67 5AGDF7 67E
CG;>iD7EF7 3557EE;4>7 G@7 8A;E >7 67GJ E75F;A@E 7F >7E H;E 6A;H7@F
E^5:7j>;@97 7@ BAE;F;A@ #7i5AD6A@ 6A;F BD_E7@F7D G@7
D7EF7D BAE;F;A@@_7E EGD >7 5eF_
4AG5>7 87D?_7 AG 67E
#7 D7?B>357?7@F 6G 5AD6A@ 7JF_D;7GD 6G 5ADBE 6G 4AbF;7D
63>;?7@F3F;A@ 7EF G@7 AB_D3F;A@ 5A@@75F7GDE F7D?;@3GJ Z 67i<A@5F;A@
D_E7DH_7 Z G@7 B7DEA@@7 CG3>;8;_7 7JFD_?;F_ 67 8;> D7FAGD@_7
 @8;>7L >7 5AD6A@ 63>;?7@F3F;A@
,F;>;E7L G@ 5AD6A@ 63>;?7@F3F;A@ G @;H73G 67E 5A@@7J;A@E @7 Z  8;>E B3D >7E 67GJ E75F;A@E 6G
Zi 8;>E HA;D >3 BDA5_6GD7 67 5AG67L B3E 4DGF3>7?7@F >7E 8;>E 8D7;@ Z 5AD6A@ BG;E D7?7FF7L >7E
4D3@5:7?7@F _>75FD;CG7 6_5D;F7 7F @7 E7DF;EE7L B3E >7 5\4>397
H;E 6G 8D7;@ 7@ B>357 %7 >7E
5;j67EEAGE BAGD >7E F3FEj,@;E >7E 8;>E E7DD7L B3E Z 8A@6 F3@F CG7 >7E
$=C@ :3A B/BAX)<7A %GF;>;E7L CGG@ 5AD6A@ Z  8;>E E; 4D3@5:7?7@FE _>75FD;CG7E @7
>3BB3D7;> E7DF 63@E G@ ?A4;>7 EA@F B3E 35:7H_E
-AFD7 E^5:7j>;@97 3 _F_ >;HD_ E3@E
5AD6A@ 63>;?7@F3F;A@ 7 5AD6A@ :A?7 AG Z G@ 7@6DA;F Af >3
6A;F E7 5A@8AD?7D 3GJ 7J;97@57E D_9>7?7@F3F;A@ >A53>7 ;@F7D6;F 67
EG;H3@F7E  83;D7 FD3@E;F7D >3 F7DD7 B3D >7 8;> 67
@7GFD7
 > 6A;F 8;9GD7D 63@E >3 >;EF7 ,#
3?_D;53;@7


 @/<163;3<B 2C< 1=@2=<  @E_D7L >3 4D;67 >3D97 67E 67GJ
2/:7;3<B/B7=< R:31B@7?C3 N 47:A E75F;A@E 63@E >7 FDAG E;FG_ EGD
*; HAFD7 BD;E7 87?7>>7 7EF G@7 BD;E7 >7 5eF_ 6G 4AbF;7D 67 <A@5F;A@ 7F
Zi 8;>E 5A??7 5;j67EEAGE HAGE ;??A4;>;E_ B3D >_5DAG 67
67HD7L HAGE BDA5GD7D G@ 5AD6A@ 5AGB>397 67BG;E >;@F_D;7GD 6G
63>;?7@F3F;A@ Z  8;>E BAGD 4AbF;7D #3 4D;67 5AGDF7 67E
E^5:7j>;@97 A@F35F7L HAFD7 67GJ E75F;A@E 7F >7E H;E 6A;H7@F
D7H7@67GD >A53> G@ _>75FD;5;7@ AG D7EF7D BAE;F;A@@_7E EGD >7 5eF_
G@i?393E;@ 67 4D;5A>397 > 83G6D3;F 7JF_D;7GD 6G 5ADBE 6G 4AbF;7D
 ;J7L >7 8;> 67 F7DD7 6G 5AD6A@ CG7 >7E 8;>E 6G 5AD6A@E EA;7@F 67i<A@5F;A@
8;>iH7DF 5A@FD7 >7 FDAG Z 4AD@7 F7D?;@_E B3D 67E 4AD@7E 3@@G>3;D7E  @8;>7L >7 5AD6A@ 63>;?7@F3F;A@
67 F7DD7 D7B_D_ 63@E >3 8;9GD7 AG 67E B3FF7E Z 4AD6E D7>7H_E Z  8;>E B3D >7E 67GJ E75F;A@E 6G
B3D >3 ?7@F;A@ $ *7DD7L >3 H;E 8D7;@ Z 5AD6A@ BG;E D7?7FF7L >7E
<GECGZ 57 CG7 >7 8;> 67 F7DD7 EA;F H;E 6G 8D7;@ 7@ B>357 %7 >7E
87D?7?7@F D7F7@G E7DD7L B3E Z 8A@6 F3@F CG7 >7E
 ;J7L >7 8;> 67 @7GFD7 6G 5AD6A@ 4D3@5:7?7@FE _>75FD;CG7E @7
8;> 4>3@5 5A@FD7 >3 4AD@7 67 EA@F B3E 35:7H_E
@7GFD7 D7B_D_7 B3D >3 ?7@F;A@
% *7DD7L >3 H;E <GECGZ 57 CG7
>7 8;> 67 @7GFD7 EA;F 87D?7?7@F &3;/@?C3 
D7F7@G ,@ 5AD6A@ 63>;?7@F3F;A@ _>75FD;CG7
 ;J7L >7 8;> 67 B:3E7 6G 5AD6A@ FD;8;>3;D7 6A;F 5A?BADF7D FDA;E 8;>E 7@
8;> @A;D 5A@FD7 >G@7 67E 4AD@7E 5G;HD7 5A@8AD?7E Z . @P  7F
67 B:3E7 D7B_D_7 B3D >3 5ADD7EBA@6D7 Z >3 BD;E7 87?7>>7
?7@F;A@
#  *7DD7L >3 H;E FD;8;>3;D7 6G FKB7 %$ )
<GECGZ 57 CG7 >7 8;> 67 B:3E7
EA;F 87D?7?7@F D7F7@G <9-2/= 9?@/<>/=
 ;J7L >7 8;> 67 F7DD7 6G 5AD6A@
J ,9<.= </6/@N=
 ;J7L >7 8;> 67 B:3E7 6G 5AD6A@ 8;>iH7DF 5A@FD7 >7 FDAG Z 4AD@7
8;> DAG97 5A@FD7 >3GFD7 4AD@7 67 F7DD7 D7B_D_ 63@E >3 8;9GD7
9<8/=
67 B:3E7 D7B_D_7 B3D >3 +88?6+3</= B3D >3 ?7@F;A@ $ *7DD7L >3 H;E
?7@F;A@
#  *7DD7L >3 H;E />>/ 6+7/ /=> -988/->N/ <GECGZ 57 CG7 >7 8;> 67 F7DD7 EA;F
<GECGZ 57 CG7 >7 8;> 67 B:3E7 J -/ -98.?->/?<
87D?7?7@F D7F7@G
EA;F 87D?7?7@F D7F7@G  ;J7L >7E 67GJ 5A@6G5F7GDE 67
 *7DD7L >7E H;E _CG;B3@F >7 8D7;@ B:3E7 D7EF3@FE _CG;B3@F >7
38;@ CG7 >7 5AD6A@ 63>;?7@j !/?></ </38 J -9<.98 !/?></ ,6+8- 5AD6A@ 63>;?7@F3F;A@ 3GJ
F3F;A@ @7 BG;EE7 B>GE 4AG97D 2979691?N ' 
 9? -/8></ 4AD@7E 67 B:3E7 8;> @A;D Zi# 7F

 )7?7FF7L >7 5AGH7D5>7 7@ B>357 8;> DAG97 Z # *7DD7L >7E H;E
'AGD 4D3@5:7D >7 5AD6A@ BAGD CG7>>7E D7F;7@@7@F
EGD >7 4AbF;7D 67 <A@5F;A@ BG;E
63>;?7@F3F;A@ _>75FD;CG7  87D?7?7@F >7E 5A@6G5F7GDE
D_;??A4;>;E7Lj>7 Z >3;67 67E
CG3FD7 H;E CG7 HAGE 3H;7L D7F;D_  )7F;D7L >7E H;E 6G 5AGH7D5>7  *7DD7L >7E H;E _CG;B3@F >7 8D7;@
3H3@F _CG;B3@F >7 4AbF;7D 67 <A@5F;A@ 38;@ CG7 >7 5AD6A@ 63>;?7@j
#3BB3D7;> 7EF ?3;@F7@3@F BD`F Z 57 7 4AbF;7D E7 FDAGH7 7@ :3GF F3F;A@ @7 BG;EE7 B>GE 4AG97D
CG7 HAGE 4D3@5:;7L E3 8;5:7 ?\>7 Zi>3DD;^D7 6G E^5:7j>;@97  )7?7FF7L >7 5AGH7D5>7 7@ B>357
63@E G@7 BD;E7 67 5AGD3@F Z CG3FD7  7EE7DD7L BG;E D7F;D7L >7E 67GJ EGD >7 4AbF;7D 67 <A@5F;A@ BG;E
8;> 6_4;F3@F >3 F7@E;A@ 36_CG3F7 H;E 6G 8D7;@ Z 5AD6A@ BG;E D7F;D7L D_;??A4;>;E7Lj>7 Z >3;67 67E
>7 5AD6A@ #7 8D7;@ Z 5AD6A@ E7 CG3FD7 H;E CG7 HAGE 3H;7L D7F;D_
B3DF397 7@ 67GJ B;^57E 3H3@F
;67@F;CG7E $3;@F7@3@F >7 E^5:7j>;@97 E7
FDAGH7 BD`F Z D355AD67D Z G@7 BD;E7
87?7>>7 Z FDA;E 8;>E 6_4;F3@F 6G
5AGD3@F Z G@7 F7@E;A@ 7F ;@F7@E;F_
3BBDABD;_7E

$@=1R2C@3 /227B7=<<3::3 23
@/11=@23;3<B N :/ B3@@3
 7DF3;@E D^9>7?7@FE >A53GJ
B7GH7@F 7J;97D G@ D355AD67j
?7@F E_B3D_ Z >3 F7DD7
@iB3D7;>E 53E HAGE 67HD7L
35:7F7D E_B3D_?7@F 5A??7
3557EEA;D7E >7 8;> 67 F7DD7
>3i4D;67 7F >3 H;E  'AGD D_6G;D7 >7 D;ECG7 6;@57@j
 %7 D355AD67L <3?3;E >7 8;> 67
F7DD7 Z 67E 5A@6G;F7E 67
B>A?47D;7 7@ B>3EF;CG7 Z 67E
&/11=@23;3<B 'AGD 7?B`5:7D G@7 355G?G>3F;A@
6:G?;6;F_ 7F >355G?G>3F;A@ 67
2CW1=<2C7B B7>G5:7E 63@E >3 B;^57 ?3;E 3GEE;
2R16/>>3;3<B BAGD ?3;@F7@;D >788;535;F_ 6G
E^5:7j>;@97 3G ?3J;?G? ;> 83GF CG7
*&('X >3;D EADF3@F 67 >3BB3D7;> EA;F D78AG>_
d '!"(
d 67:ADE 7@ B>7;@ 3;D
i 'AE;F;A@@7L >7 5A@6G;F
6_H35G3F;A@ 67 F7>>7 EADF7
6;7 ;> 83GF CG7 >7 5A@6G;F CG3G5G@7 5A@FD7jBD7EE;A@
6_5:3BB7?7@F 67 57 E^5:7j BDAHACG_7 B3D >7 H7@F B3D
>;@97 34AGF;EE7 7@ B>7;@ 3;D 7J7?B>7 @7 E7J7D57 3G @;H73G
5A@6G;F7E 67 93L AG Z 67E
5A@6G;F7E 673G 6;@57@6;7 @GF;>;E7L B3E 67
<AB@C1B7=<A 23
@/11=@23;3<B
 'AGD D_6G;D7 >7 D;ECG7
NW:/WB3@@3
> 83GF ;?B_D3F;H7?7@F D355AD67D
57iE^5:7j>;@97 Z >3 F7DD7 *; G@
6_D3@97?7@F AG G@7 B3@@7 E7
BDA6G;F >7 D355AD67?7@F Z >3 F7DD7
D_6G;D3 >7 D;ECG7 67 5:A5 _>75FD;CG7
HG CG7 >7 5AGD3@F BAGDD3
E_5:3BB7D B3D G@ 8;> A88D3@F G@7
83;4>7 D_E;EF3@57 _>75FD;CG7
$=C@ :3 "
7F 3BB3D7;> 7EF _CG;B_ 6G@ 5AD6A@
63>;?7@F3F;A@ 3H75 8;> ;@F_9D_ 67
D355AD67?7@F 67 >3BB3D7;> Z >3
F7DD7 7F 6G@7 8;5:7 67 D355AD67j
?7@F Z >3 F7DD7 > 83G6D3 4D3@5:7D
>3i8;5:7 63@E G@7 BD;E7 87?7>>7
3BBDABD;_7 D7>;_7 Z >3 F7DD7
5A@8AD?_?7@F Z >3 D_9>7?7@F3F;A@
7F 3GJ 6_5D7FE >A53GJ
*&('X
d '!"(
d  %T)*1 + % HD;>>7L B3E
,@ D355AD67?7@F ;@5ADD75F 67
>3BB3D7;> Z >3 F7DD7 7@97@6D7 G@
D;ECG7 67 5:A5 _>75FD;CG7 B3D 3@
*;iHAGE 3H7L 67E 6AGF7E CG3@F 
 #7 5A@6G;F 6_H35G3F;A@
ZiEA@ D355AD67?7@F Z >3 F7DD7
5A@8;7L >3 H_D;8;53F;A@ Z G@
_>75FD;5;7@ 39D__ AG Z G@
F75:@;5;7@ 6G *- B_@_FD3F;A@ 63@;?3GJ

 'AGD D_6G;D7 >7 D;ECG7 67 >AD;8;57 67 EADF;7
5A@6G;F 6G@7 >A@9G7GD 'D_E7@57 6G@ AD;8;57 6_H35G3F;A@
63;D 5A@FD7 >3 B3@@73G 3DD;^D7 6G
EGB_D;7GD7 Z 57>>7
E^5:7j>;@97
D75A??3@6_7
6;@57@6;7 @GF;>;E7L CGG@
5A@6G;F D;9;67 AG 8>7J;4>7
?_F3>>;CG7
 #7 6;3?^FD7 6G 5A@6G;F
6_5:3BB7?7@F % & + '*
U+) %T) ,) Z  BAG57E
 %,+ # *1 '* 67 :AFF7E
3EB;D3@F7E _CG;B_7E 67
87D?7FGD7E ?39@_F;CG7E
'>357L >7JFD_?;F_ 6G 5A@6G;F
 %  +* '* &,+ ) >7
6_H35G3F;A@ 63;D 63@E >AD;8;57 7@
5A@6G;F 6_5:3BB7?7@F 63@E
H7;>>3@F Z @7 B3E B>;7D >7 5A@6G;F
G@7 5:7?;@_7 63@E >7 5A@6G;F
63;D 8DA;6 6G@7 5:3G6;^D7 ,F;>;E7L G@7 4D;67 Z 5A@6G;F BAGD
B3DiG@7 >G53D@7 G@ 7EB357 E_5GD;E7D 57 67D@;7D > 83G6D3;F
3557EE;4>7 G@;CG7?7@F 7@ FAG<AGDE BAE;F;A@@7D >7 5A@6G;F Z
D3?B3@F AG FAGF 3GFD7 5A@6G;F >:AD;LA@F3>7 AG Z >3 H7DF;53>7 7@
GF;>;E_ BAGD 3_D_ H7;>>3@F Z 57 CG;> @7 BD_E7@F7 3G5G@
3883;EE7?7@F EGD EA@ B3D5AGDE
 % %*+##1 '* G@ 5A@6G;F
8>7J;4>7 63@E G@ ?GD B>38A@6
AG B>3@5:7D E;FG_ 63@E G@7
7@57;@F7
>7 5A@6G;F
 %7FFAK7L 7F H_D;8;7L >7 5;D5G;F
6_5:3BB7?7@F 67 83]A@
D_9G>;^D7 3G ?;@;?G? G@7 8A;E
6A;FiE7 F7D?;@7D 67 83]A@
Zi7?B`5:7D >7 D78>GJ 63;D H7DE
>;@F_D;7GD 67 >3BB3D7;> AG >3
=<2C7B 2R16/>>3;3<B
'AGD CG7 >3BB3D7;> A88D7 67E
B7D8AD?3@57E ABF;?3>7E ;> 83G6D3;F
CG7 >7 5A@6G;F 6_5:3BB7?7@F EA;F
>7 B>GE 5AGDF BAEE;4>7 7F 5A?BADF7D
3GEE; B7G 67 5AG67E CG7 BAEE;4>7 8;J3F;A@E EGE57BF;4>7E 67 83;D7 E3;>>;7
-AFD7 E^5:7j>;@97 8A@5F;A@@7D3 67
?3@;^D7 ABF;?3>7 E; >7 8>GJ 63;D
D7@5A@FD7 >7 ?A;@E 6A4EF35>7E
BAEE;4>7 ,@ 5A@6G;F 6_5:3BB7j
?7@F 6G@7 >A@9G7GD EGB_D;7GD7
Zi57>>7 D75A??3@6_7 D;ECG7
63>>A@97D >3 6GD_7 67 E_5:397
H75 57 E^5:7j>;@97 %,+ # *1
'* 67 5A@6G;F 7@ B>3EF;CG7 AG
63@E G@ ?3F_D;3G @A@ ?_F3>>;CG7
%**$#1 '* >7 5A@6G;F
6_5:3BB7?7@F 3H75 67E H;E AG 67E
Z >;@F_D;7GD 6G 5A@6G;F
7EiA4EF35>7E E7D3;7@F 3GF3@F 67
BA;@F 6355G?G>3F;A@ 67E B7>G5:7E
??A4;>;E7L >7E <A@5F;A@E 3H75 6G
DG43@ 36:_E;8 BAGD 5A@6G;F
<AB/::/B7=< >/A N >/A
 _43>>7L >7 E^5:7j>;@97
BDAHACG7D G@7 355G?G>3F;A@ 67
B7>G5:7E B_@3>;E7D >7E B7D8ADj
?3@57E 6G E^5:7j>;@97 7F E3 6GD_7
 -_D;8;7L >34E7@57 67 6_9\FE
67 H;7
(G7 HAGE D355AD6;7L >7 5A@6G;F Z G@
EKEF^?7 63_D3F;A@ BD_7J;EF3@F AG
ZiG@ @AGH73G EKEF^?7
3EEGD7LjHAGE CG7 >;@F_D;7GD 6G
5A@6G;F 7EF ;@F_9D3>7?7@F BDABD7
7Fi7J7?BF 67 B7>G5:7E EA;F _F3@5:7E BAGD _H;F7D >7E 8G;F7E _>75FD;5;7@ HA;D B397 

#3 >A@9G7GD ?3J;?3>7 B7D?;E7
67Ei5A@6G;FE D;9;67E 7F 8>7J;4>7E
7@i?_F3> 8;9GD7 63@E >7 F34>73G
> 83G6D3;F CG7 FAGF7E >7E <A@5F;A@E
#3 B3DF;7 ?\>7 67 5:3CG7 E79?7@F
67 5A@6G;F 6A;F D793D67D 7@
6;D75F;A@ ABBAE_7 Z 57>>7 6G
 )7F;D7L FAGE >7E A4<7FE BD_E7@FE
63@E >7 F3?4AGD
3BB3D7@FE EGD >7 E^5:7j>;@97
 '>357L >7 E^5:7j>;@97
ZiBDAJ;?;F_ 67 EA@
7?B>357?7@F 6_8;@;F;8
 *; @_57EE3;D7 83;F 363BF7D >7
5AD6A@ 63>;?7@F3F;A@ B3D G@
i *; >7EB357 6;EBA@;4>7 7EF FD^E
7J;9G @AGE D75A??3@6A@E
5;j67EEAGE  E^5:7j>;@97
67i8;J7D >7 5A@6G;F 63;D
=BB3 2R16/>>3;3<B 6_H35G3F;A@ 3G E^5:7j>;@97
)',! ! )( /%. ,%#% ! )( /%.
0%,#!- )/ "&!2%&! #7 5A@6G;F 6A;F E7 F7D?;@7D B3D G@7 3H3@F 63?7@7D 57 67D@;7D EGD
)/ !- :AFF7 6_5:3BB7?7@F :A?A>A9G_7 EA@ 7?B>357?7@F 6_8;@;F;8
;A 7 BD_E7@F3@F G@ AG B>GE;7GDE HA>7FE  A@@75F7L >7 5A@6G;F 63;D
  0>
 0> B;HAF3@F %,+ # *1 '* 67 :AFF7 6_H35G3F;A@ Z >AD;8;57 Z 57F
 -7  -7 6_5:3BB7?7@F Z 87D?7FGD7E 7887F EGD >7 E^5:7j>;@97 ,F;>;E7L


0>  0> ?39@_F;CG7E G@7 4D;67 Z 5A@6G;F BAGD
 -7  -7 'AGD _H;F7D FAGF 8D7;@397 67 >3;D E_5GD;E7D 57 67D@;7D

 0>  0> EADF3@F ;> 83G6D3;F CG7 >3 4AG5:7 67  ?7@7L >7 E^5:7j>;@97 EGD

 -7 
 -7 EADF;7 E7 FDAGH7 3G ?;@;?G? EA@i7?B>357?7@F 6_8;@;F;8


BAG57E  5? 3Gj67EEGE 6G BG;Ei3<GEF7L EA@ :AD;LA@F3>;F_
  0>  0>
 -7 

-7 @;H73G 6G EA> AG 67 FAGF7 EGD8357
83;E3@F A4EFDG5F;A@
> 83G6D3;F GF;>;E7D G@ 5A@6G;F 83;E3@F
CG3FD7 BAG57E 67 6;3?^FD7
7@H i ?? ,F;>;E7L EA;F G@
5A@6G;F 7@ ?_F3> D;9;67 EA;F G@
8>7J;4>7 EAGB>7 7@ ?_F3>


 d $&)" d 6319X:7AB >@R/:/0:3 $@R>/@/B7=< >/A
NW:3;>:=7 2C NW>/AW/C B@/<A>=@B
%7 83;F7E B3E 9>;EE7D >7 AQ163X:7<53 2CWAQ163X:7<53
E^5:7j>;@97 EGD >7 EA> E; E7E B;76E
 -_D;8;7L CG7 >7E _F3B7E  Z   ?7@7L >7 BDA9D3??3F7GD
D_9>34>7E 7@ :3GF7GD E7 FDAGH7@F
A@Fi_F_ 5ADD75F7?7@F D_3>;E_7E EGDiO&Q
7@ BAE;F;A@ EADF;7 -AGE D;ECG7L
 EEGD7LjHAGE CG7 >7  _4D3@5:7L >3 8;5:7 ?\>7
67@6A??397D >7E B;76E 7F
AG >3
E^5:7j>;@97 7EF D355AD6_ 67i>3iBD;E7 67 5AGD3@F
43E7 6G E^5:7j>;@97 E; HAGE >7
Zi>3>;?7@F3F;A@ _>75FD;CG7  _4D3@5:7L >7 5A@6G;F 63;D
83;F7E 9>;EE7D EGD >7 EA> 3H75 >7E
 -7G;>>7L >;D7 >7E ;@EFDG5F;A@E 6_H35G3F;A@ 67 EA@ AD;8;57 EGD
B;76E 7@ BAE;F;A@ EADF;7
6GF;>;E3F;A@ BAGD 5A?BD7@6D7 >7 E^5:7j>;@97
 'AE;F;A@@7L >7 E^5:7j>;@97 BG;E 5A??7 HAFD7 E^5:7j>;@97  '>357L >7E 3557EEA;D7E
3<GEF7L EA@ :AD;LA@F3>;F_ 8A@5F;A@@7 E;iBD_E7@FE 63@E >7 F3?4AGD
 *AG?7FF7L >3BB3D7;> Z G@ F7EF   7D?7L >3 BADF7 7F ?3;@F7@7Lj>3
q -_D;8;7L CG7 >7 F3?4AGD 7EF 87D?_7 3H75 6G DG43@ 36:_E;8
H;67  )7H;EE7L >7E B;76E D_9>34>7E
q 7D?7L >3 BADF7 6G 7@i:3GF7GD 63@E >7 5ADBE 67
E^5:7j>;@97 >3BB3D7;> BAGD 7?B`5:7D CG;>E
EA;7@F 7@6A??39_E B7@63@F >7
q A??GF7L >7 E^5:7j>;@97 FD3@EBADF
EGD OJFD3 DKQ +D^E E75
BG;E 3BBGK7L EGD >7 4AGFA@
*F3DF
q BD^E  Z  ?;@GF7E
5A??GF7L >7 E^5:7j>;@97 EGD
& 7F AGHD7L >3 BADF7
 *; >;@F_D;7GD 6G F3?4AGD B3D3bF
5:3G6 575; E;9@;8;7 CG7 HAGE
3H7L 5A@@75F_ >7 E^5:7j>;@97
5ADD75F7?7@F
 *; >7 E^5:7j>;@97 @7 8A@5F;A@@7
B3E D3?7@7L >7
BDA9D3??3F7GD EGD O&Q
> 83G6D3;F CG7 >7 E^5:7j>;@97 E7 )7BADF7LjHAGE Z >3 E75F;A@
D7FDAGH7 4;7@ Z >:AD;LA@F3>7 67i6_B3@@397 B397  67E
3H75 E7E CG3FD7 B;76E BD_E7@F7E %*+),+ &%*
87D?7?7@F 7@ 3BBG; EGD >7 EA> ,+ # *+ &% 7F 6_F7D?;@7L
#7 E^5:7j>;@97 @7 6A;F B3E >7 BDA4>^?7
AE5;>>7D *;> @7EF B3E
B3D83;F7?7@F Z >:AD;LA@F3>7 AG
E;> AE5;>>7 ;> 83G6D3 5ADD;97D >7
D_9>397 67E B;76E -;EE7L AG
6_H;EE7L >7E B;76E D_9>34>7E 7@
:3GF7GD <GECGZ 57 CG7 >7
E^5:7j>;@97 57EE7 67 E39;F7D
7FiE7 FDAGH7 B3D83;F7?7@F
Zi>:AD;LA@F3>7 F3@F 67 >3H3@F
H7DE >3DD;^D7 CG7 6G@ 5eF_
Zi>3GFD7
 D3@5:7L >3 8;5:7 ?\>7 63@E
>3iBD;E7 67 5AGD3@F ?GD3>7


"'(&)(#"' )( '(#"
$@RA3<B/B7=< 23 D=B@3
<=CD3/C AQ163X:7<53
-AFD7 @AGH73G E^5:7j>;@97 7EF _CG;B_ 6G@ 4AGFA@jBAGEEA;D
BBGK7L >_9^D7?7@F 67EEGE BAGD AGHD;D >3 BADF7

BG;E
87D?7Lj>3
d *&(''!"( d
" $&!((. !' /CF
3<4/<BA 23 8=C3@ /D31 :/ >=@B3
;>FD7
Z
B7>G5:7E


 3 0/<23/C 23
1=;;/<23
=CB=< 'B/@B =CB=<A 23A =>B7=<A 57E ABF;A@E H;7@@7@F
'AGD >3@57D >7 BDA57EEGE 67 E_5:397 5A?B>_F7D G@ BDA9D3??7 E; HAGE >7
EAG:3;F7L -A;D B397 
R:71/BA
BBGK7L EGD 57 4AGFA@ E; HAGE HAG>7L E_5:7D
67E F7JF;>7E 6_>;53FE E7@E;4>7E Z >3 5:3>7GD
B3D 7J >7E 8;4D7E 35DK>;CG7E #3 F7?B_D3FGD7
6G BDA57EEGE 67 E_5:397 6;?;@G7 >3 6GD_7
67 E_5:397 3G9?7@F7 7@ 5A@E_CG7@57
'75</:
,@ E;9@3> EA@AD7 BD_H;7@F 6G 5A??7@57?7@F
7F 67 >3 8;@ 6G BDA9D3??7 67 E_5:397
1@/<
@6;CG7 >7 O_B3DF 63@EQ 8A@5F;A@ 67 BDA9D3??3F;A@ 6G ?;@GF7GD

*=G/<B 7<271/B3C@  

7 HAK3@F 7EF 3>>G?_
>ADECG7 >7 E^5:7j>;@97 E7
FDAGH7 EAGE F7@E;A@

*=G/<B 7<271/B3C@   $@=5@/;;/B3C@

>E ;@6;CG7@F >7 EF367 *_>75F;A@@7L G@ BDA9D3??7
35FG7> 63H3@57?7@F -A;D B397 
6GiE_5:397 -AGE BAGH7L >7 83;D7 FAGD@7D
63@E >7E 67GJ 6;D75F;A@E

'AGD _F7;@6D7 >7 E^5:7j>;@97

D3?7@7L >7 BDA9D3??3F7GD EGD
>3 BAE;F;A@ O&88Q


 'R:31B7=< 2C< "3BB=G3@ :3 47:B@3
>@=5@/;;3 NW>3:C163A
&RAC;R 23A
7<AB@C1B7=<A
*&('X
d '!"(
d
H3@F 6GF;>;E7D HAFD7 E^5:7j>;@97 &R5:/53 2C 2R>/@B
H7G;>>7L >;D7 7F D7EB75F7D FAGF7E 2744R@R A7 <R13AA/7@3
>7E ;@EFDG5F;A@E 6;@EF3>>3F;A@ 7F
6GF;>;E3F;A@

$@R>/@/B7=< 2C
AQ163X:7<53
i -_D;8;7L >7 8;>FD7 Z B7>G5:7E
>i83G6D3;F @7FFAK7D >7 8;>FD7 3H3@F
7F 3BD^E 5:3CG7 E_3@57 67 6=7A7@ C<3 =>B7=<
E_5:397

3B 4/7@3 2R;/@@3@

:3WAQ163X:7<53
B37<2@3 :3
AQ163X:7<53


 )B7:7A/B7=< >@RDC3
<4=@;/B7=<A %GF;>;E7L 57 E^5:7j>;@97 CG7 63@E
>3 ?3;EA@ 7F BAGD E_5:7D 67E $@=B31B7=< 23
23 AR1C@7BR CG3@F;F_E @AD?3>7E 67 >;@97 63@E
HAFD7 ?_@397 :3<D7@=<<3X
%7 HAGE 7@ E7DH7L CG7 BAGD E_5:7D
6G >;@97 CG; 3 _F_ >3H_ Z >73G
;3<B
d "& d =<A37:A >=C@ R1=<=;7A3@
D/<B 2/::C;3@ 23W:R<3@573
)7EB75F7L FAG<AGDE >7E :3WAQ163X:7<53
%*+),+ &%*  *T,) +T 'AGD _5A@A?;E7D 67 >_@7D9;7 67
@EF3>>7L >7 E^5:7j>;@97 >3D97@F 7F 6G F7?BE AE5: HAGE
$'&)+%+* HA;D B397 
5A@8AD?_?7@F 3GJ ;@EFDG5F;A@E D75A??3@67 575; 
6;@EF3>>3F;A@ Z B3DF;D 67 >3
d "& d B397i  AA=@3H AC447A/;;3<B :3
:7<53
%GF;>;E7L B3E >7 E^5:7j>;@97 E;> 7EF
&'%) ,$ #'#"  H3@F >7 E_5:397 83;F7E 4;7@
H;E;4>7?7@F 7@6A??39_ @ 53E 67
7EEAD7D >7 >;@97 63@E >7
G E^5:7j>;@97 _>A;9@7L >7E 6AGF7 5A@F35F7L HAFD7 D7H7@67GD
>3H7j>;@97 *7DH7LjHAGE 67 >3
?3F_D;3GJ ;@8>3??34>7E 5A??7 B>GE :3GF7 H;F7EE7 67EEAD397
>7EE7@57 7F >7E H3B7GDE CG;>E )B7:7A/B7=< 2C BAEE;4>7 363BF_7 3G FKB7 67
6_9397@F AQ163X:7<53 >;@97 ,@7 H;F7EE7 67EEAD397
>A;9@7L FAGF7E >7E ?3F;^D7E %7 >3;EE7L B3E >7E 7@83@FE <AG7D 3EE7L _>7H_7 D_6G;F >3 6GD_7 6G
7FiH3B7GDE ;@8>3??34>7E 6G E3@E EGDH7;>>3@57 BD^E 67 >3BB3D7;> E_5:397 7F >3 5A@EA??3F;A@
>A;9@7L >7E 3@;?3GJ 67 5A?B39@;7 6_@7D9;7
E^5:7j>;@97 5A??7 >7EE7@57
B3D 7J7?B>7 67 >3BB3D7;> H3@F 67 D787D?7D >3  !3BB3H :/ 16/@53 ;/F7;/:3
BADF7 H_D;8;7L >7 5A@F7@G 6G 23 :7<53
%7 E_5:7L <3?3;E 63@E >3BB3D7;> F3?4AGD $7FF7L G@7 5:3D97 67 >;@97
67E A4<7FE CG; Z G@ ?A?7@F AG 5ADD7EBA@63@F 3G ?3J;?G?
@>7H7L FAGE >7E A4<7FE BD_E7@FE
ZiG@ 3GFD7 A@F _F_ 7@ 5A@F35F 63@E >7E BA5:7E D75A??3@6_ %7 5:3D97L
3H75 G@7 ?3F;^D7 ;@8>3??34>7 #7E 4D;CG7FE D7EF_E 6763@E EA@F FAGF78A;E B3E 67 CG3@F;F_E
:G;>7 67 5G;E;@7 5A?BD;E7 B3DF;5G>;^D7?7@F 63@97D7GJ 7J57EE;H7E 67 >;@97
7Fi?`?7 3BD^E >7E 3HA;D >3H_E &7A?C3 23F>:=A7=<   "3BB=G3H :3 47:B@3
> 83G6D3 83;D7 E_5:7D >7E B;^57E F7;9@7L >7 E^5:7j>;@97 Z >3 8;@ 6G %7FFAK7L >7 8;>FD7 3H3@F 7F 3BD^E
67 >;@97 5A@F7@3@F 67 >3 ?AGEE7 BDA9D3??7 5:3CG7 E_3@57 67 E_5:397
6G 53AGF5:AG5 AG 6G B>3EF;CG7 HA;D
B397

EGD G@ 8;> Z >;@97 AG 7@ HAGE
$@=B31B7=< 2C
 R@3H :/ >7Q13
E7DH3@F 6G@ 5K5>7 67 6_8AG>397 AQ163X:7<53 '7@63@F >3 E_3@57 67 E_5:397
6G >;@97 %7 ?A@F7L B3E EGD >7 E^5:7j>;@97 H7;>>7L Z 57 CG;> 3DD;H7
%7 HAGE 3BBGK7L B3E EGD >3 BADF7 EG88;E3??7@F 63;D 8D3;E 63@E
-_D;8;7L 34EA>G?7@F CG7 >7 >;@97
7Fi@7 HAGE 3EE7K7L B3E 67EEGE >3iB;^57
CG7 HAGE 3>>7L ?7FFD7 ZiE_5:7D
3 AQ163X:7<53 @7A?C3 23 A3  "3 AR163H >/A 23 ;/BR@7/CF
@7 5A@F;7@F B3E 6A4<7FE
@3<D3@A3@  7</2/>BRA
;@8>3??34>7E F7>E CG7i67E
4D;CG7FE %7 D3@97L B3E Z BDAJ;?;F_ 67 %7 83;F7E B3E E_5:7D 67 B;^57E
>3BB3D7;> 67E 3GJ;>;3;D7E 67 67 >;@97 7@DA4_7E 67
#7 @A@jD7EB75F 67 57E @7FFAK397 5A@F7@3@F 67E EA>H3@FE 53AGF5:AG5 AG :7D?_F;CG7E
;@EFDG5F;A@E B7GF 7@97@6D7D G@ AG 67E BDA6G;FE 6_F35:3@FE
 "3BB=G3H 3B DR@7473H :3
D;ECG7 67JB>AE;A@ AG 6;@57@6;7 -AGE D;ECG7D;7L 67@6A??397D
1=<2C7B 2R16/>>3;3<B 2/7@
>7iE^5:7j>;@97
/<53@ 23 ;=@B =C 23 23 4/P=< @R5C:7Q@3
%7 F7@F7L B3E 67 >7 EAG>7H7D B3D E7E #7E A4EFDG5F;A@E BAGDD3;7@F
0:3AAC@3A 
B3DF;7E E3;>>3@F7E >7 :G4>AF B3D 7J  7@i7887F 3>>A@97D >3 6GD_7 67
&7A?C3 23 @C>BC@3 3B 23 E_5:397
0:3AAC@3A 


D/<B 2CB7:7A3@
:3 AQ163X:7<53
>=C@ :/
>@3;7Q@3 4=7A
H3@F 67 HAGE E7DH;D 6G E^5:7j>;@97
BAGD >3 BD7?;^D7 8A;E 
 -7G;>>7L >;D7 3FF7@F;H7?7@F
>7EiBD_E7@F7E ;@EFDG5F;A@E
6GF;>;E3F;A@ 
R0@/<163X
;3<B
B3;>=@/7@3
2CWAQ163X:7<53
%7 83;F7E ?3D5:7D HAFD7 E^5:7j>;@97
CG7 B7@63@F CG7 HAGE HAGE FDAGH7L
Z HAFD7 6A?;5;>7 *; HAGE B3DF7L 7@
H353@57E AG E; >3BB3D7;> 6A;F D7EF7D
3EE7L >A@9F7?BE E3@E E7DH;D
;>i83G6D3;F 
i *7DH7LjHAGE 6G BDA9D3??7
Zi6GD_7 >;?;F_7 O;D 8>G88Q
6_8AG>397 Z >3;D BAGD E_5:7D
>7E 3DF;5>7E 5A@F7@3@F 6G
53AGF5:AG5 ?AGEE7 AG 67E
3DF;5>7E Z F7JFGD7 E;?;>3;D7
Zi57>>7 6G 53AGF5:AG5
=<A37:A >=C@
:3WAR16/53
@ BD;@5;B7 >7E ;@EFDG5F;A@E
EG;H3@F7E E3BB>;CG7@F Z FAGE
>7EiBDA9D3??7E 67 E_5:397 
'AGD 3EEGD7D G@ D_EG>F3F 67
 -_D;8;7L CG7 >3 F7@E;A@ 6G E_5:397 G@;8AD?7 FD;7L >7 >;@97
E75F7GD 67 HAFD7 6A?;5;>7  )3?7@7D >7 6;E<A@5F7GD 7@ 5A@8AD?_?7@F 3GJ FKB7E 67
5ADD7EBA@6 3H75 >3 F7@E;A@ BAE;F;A@ _F7;@F7 F;EEG 7F 3G BDA9D3??7 HAG>G
EB_5;8;_7 EGD >3 B>3CG7  _4D3@5:7D >3 8;5:7 ?\>7  7D?7L >7E 87D?7FGD7E
E;9@3>_F;CG7 6G E^5:7j>;@97 67i>3iBD;E7 67 5AGD3@F Zi9>;EE;^D7E Z 5DA5:7FE 7F
-A;D >3 8;9GD7 B397 
 %7FFAK7D >7 8;>FD7 Z B7>G5:7E Zi4AGFA@E ;J7L >7E 57;@FGD7E

 )7F;D7L FAGE >7E A4<7FE BD_E7@FE 6_F35:_7E >7E >3@;^D7E 67E
63@E >7 F3?4AGD F34>;7DE 7F5
 -_D;8;7L >34E7@57 67 6_9\FE  %7 E_5:7L B3E Z >7J5^E >7 >;@97
3BB3D7@FE EGD >7 E^5:7j>;@97 EK@F:_F;CG7  D;ECG7 67 >7
*;iHAGE 7@ FDAGH7L BD_H7@7L
HAFD7 D7H7@67GD
7<53 8DA;EE7D  #3;EE7L 57 >;@97 8;@;D
67 E_5:7D Z >3;D
 EEGK7L >;@F_D;7GD 6G F3?4AGD  %7 D7B3EE7L B3E >7 >;@97
Z >3;67 6G@ 5:;88A@ :G?;67 RB3@;7</B7=< 23 ;??_6;3F7?7@F 3BD^E >7
 *AG?7FF7L >3BB3D7;> Z G@ F7EF :/W</BC@3 2C B7AAC E_5:397 #3;EE7L >7 >;@97
-A;D B397  -7G;>>7L D7EB75F7D >7E EK?4A>7E 67 D7BAE7D 7@ B;>7 B7@63@F G@
 *; >7 E^5:7>;@97 @7 8A@5F;A@@7 FD3;F7?7@F 8;9GD3@F EGD >7E _F;CG7FF7E B7F;Fi?A?7@F 75; B7D?7FFD3
B3E D3?7@7L >7 67E B;^57E 67 >;@97 Zi>:G?;6;F_ D_E;6G7>>7 67 E7
BDA9D3??3F7GD EGD O&Q >>7Ei5A@F;7@@7@F 67E ;@8AD?3F;A@E D_B3DF;D G@;8AD?_?7@F
)7BADF7LjHAGE Z >3 E75F;A@ BD_5;7GE7E 3;@E; CG7 67E  #7E F7JF;>7E Z ?3;>>7E B3D 7J
67i6_B3@@397 B397  D7EFD;5F;A@E CG3@F 3G BDA57EEGE >7EiFjE:;DFE >7 >;@97 7@ 5AFA@
67EiBD_E7@F7E ;@EFDG5F;A@E 67iE_5:397 FD;5AF_ 7@ <7DE7K D_FD_5;F
6GF;>;E3F;A@ 7F 6_F7D?;@7L H75 57F 3BB3D7;> @7 E_5:7L B3E EAGH7@F >ADE 6G BD7?;7D
>7iBDA4>^?7 >7E F7JF;>7E EG;H3@FE  E_5:397 3G E^5:7j>;@97
%GF;>;E7L B3E >7 BDA9D3??7
 +7JF;>7E _F3@5:7E B3D 7J O-7DK 6DK
JFD3 6DKQ
7@DA4_E 67 53AGF5:AG5
 #7E F7JF;>7E 6_>;53FE EA;7
HA;>397E EK@F:_F;CG7E


'R:31B7=< 2C >@=5@/;;3
'AGD A4F7@;D 67E D_EG>F3FE 67 $@=5@/;;3A /AA=@B7A <271/B3C@ 23
E_5:397 ABF;?3GJ HAFD7
E^5:7j>;@97 A88D7 6;88_D7@FE 9DAGB7E
2C<3 2C@R3 2R@=C:3;3<B 2C
67 BDA9D3??7E 7F ABF;A@E >@=5@/;;3
366;F;A@@7>>7E #7 E^5:7j>;@97 GF;>;E7 G@ EKEF^?7
*_>75F;A@@7L >7 BDA9D3??7 67 67 E53@@_D;E3F;A@ _>75FDA@;CG7
E_5:397 D7CG;E 63@E >7 F34>73G 63@E FAGE >7E BDA9D3??7E 7J57BF_
67EiBDA9D3??7E 7@ 8A@5F;A@ 67E >7E BDA9D3??7E Z 6GD_7 D_9>34>7
7J7?B>7E HA;D B397  ,@ 53BF7GD 6:G?;6;F_ H_D;8;7
5A@EF3??7@F >:G?;6;F_ BD_E7@F7
#7E BDA9D3??7E Z 6GD_7 D_9>34>7 63@E >7 >;@97 #7 E_5:397 BD7@6 8;@
$@=5@/;;3A ?3D5:7@F B7@63@F >3 6GD_7 3GFA?3F;CG7?7@F 6^E CG7 >7 679D_
/CB=;/B7?C3A EB_5;8;_7 
     67 E_5:397 E_>75F;A@@_ 3 _F_
> 7J;EF7 67E BDA9D3??7E ?;@GF7E 3FF7;@F
3GFA?3F;CG7E 363BF_E 3GJ *GD >3 BAE;F;A@ O;D >G88Q >7
6;88_D7@FE FKB7E 67 F7JF;>7E E^5:7j>;@97 83;F B_@_FD7D >3;D
>3@5
AFA@ AG @8DA;EE34>7 3?4;3@F 63@E >7 F3?4AGD E3@E 3<AGF
67 5:3>7GD B7@63@F  ?;@GF7E
7<53 <=@;/: =B=<
#>B7=<A
7<53 7<4@=7AA/0:3
8;@
R:71/BA
BBGK7L EGD >7 4AGFA@ 3:71/B3A
BAGD E_5:7D >7E F7JF;>7E 5D3;9@3@F >3
5:3>7GD )7EB75F7L >7E 5A@E7;>E AG
EK?4A>7E 67@FD7F;7@ 8;9GD3@F EGD
57E F7JF;>7E #3 F7?B_D3FGD7 6G
BDA57EEGE 67 E_5:397 6;?;@G7
#7 679D_ 35FG7> 67 E_5:397 7F >7
@;H73G 3FF7;@F B7@63@F >3 E_CG7@57
6G BDA9D3??7 EA@F ;@6;CG_E B3D
67E HAK3@FE E_5:397 :G?;67
@AD?3>7?7@F E75
=<1B7=< 23
>@=5@/;;/B7=<
2CW;7<CB3C@
-AGE BAGH7L D_9>7D >7 BDA9D3??7
67 EADF7 CG7 >3BB3D7;> 6_?3DD7
#7 6_DAG>7?7@F 67E BDA9D3??7E
3GFA?3F;CG7E 7EF EGDH7;>>_ B3D 67E
53BF7GDE #3 6GD_7 6G BDA9D3??7
6_B7@6 6G 679D_ 6:G?;6;F_
?7EGD_ 63@E >7 >;@97 7F 6G 679D_ 67
E_5:397 E_>75F;A@@_ B3D 7J 3?B
6DK AG JFD3 6DK :G?;67 AG 7JFD3
E75
>3i6GD_7 67 E_5:397 3G9?7@F7 <GECGZ  :7GD7E B>GE F3D6
-AGEiBAGH7L 355DAbFD7 57FF7
'75</: A=<=@3 6GD_7iB3D FD3@5:7E 6G@7 :7GD7
 5A@6;F;A@ 63HA;D 3BBGK_ EGD >7
4AGFA@ '75</: HAFD7 E^5:7j>;@97
E;9@3>7 >7 5A??7@57?7@F 7F >3 8;@
67E BDA9D3??7E 67 E_5:397
-A;D _93>7?7@F B397 
'DA9D3??3F;A@ 6G ?;@GF7GD


(/0:3/C 23 AR:31B7=< 23A >@=5@/;;3A 
,)#,''!- /.)'.%+/!-
#9?< 6/ -9>98= /> 6/ 6381/ ./ -9?6/?< /8 -9>98 9? /8 638 6!#/&,)..)(-8
::?C/D =?< 6/ ,9?>98 F/63-+>/=H ./=>38N +?B >/B>36/= =/8=3,6/= J 6+ -2+6/?< #<91<+77/ +?>97+>3;?/
)/, &! &%(#!

381/<3/ ./ 63> /> ./ >+,6/

;?36 0+?> </:+==/< ?73./ .+7: .<C
381/<3/ ./ 63> /> ./ >+,6/ =/<@3/>>/= &W=23<>= 7+3669>= ./ =:9<> >+,63/<=
&W=23<>= 7+3669>= ./ =:9<> >/8?/= :+8>+698= >+,63/<= 6381/<3/ ./ -9<:=
%/<@3/>>/= /8 >3==? N:981/ =/<@3/>>/= ./ -?3=38/ /> J 7+38= 6381/<3/ ./ 63> ;?36 8/ 0+?> :+= </:+==/< $/1?6+< .<C 89<7+6/7/8> =/-
6381/<3/ ./ -9<:= -2+?==/>>/= /8 -9>98
%/<@3/>>/= /8 >3==? N:981/ =/<@3/>>/= ./ -?3=38/ /> J 7+38= 6381/<3/ ./ 63> ;?36 8/ 0+?> :+= </:+==/< (/<C .<C ><M= =/-
6381/<3/ ./ -9<:= -2+?==/>>/= /8 -9>98 JV:6?=3/?<= -9?-2/= N:+3==/=
#/31893<= ./ ,+38 /8 >3==? N:981/ 6381/ ./ 63> /8 >3==? N:981/ :+<>3-?63M</7/8> N:+3= 9? B><+ .<C /B><+ =/-
-97:9<>+8> :6?=3/?<= -9?-2/=
381/ 0+-36/ J /8></>/83< /8-9</ 19?>>+8> J ,+=/ ./ >3==?= =C8>2N>3;?/= /> 73B>/= ./ -9>98 /8 :96C/=>/< :+< /B 6!,'(!(. *,!--8 (",)%--&!
::?C/D =?< 6/ ,9?>98 F/63-+>/=H :9?< =N-2/< 6/= >/B>36/= ><M= =/8=3,6/= J 6+ -2+6/?< #<91<+77/ +?>97+>3;?/
)/, &! &%(#!

#+8>+698= >/8?/= 4?:/= -2/73=/= ;?3 98> ,/=938 ./ </:+==+1/ ?73./ .+7: .<C
#+8>+698= :<O>WJW:9<>/< <9,/= /> -2/73=/= -2/73=3/<= 6/11381=
>/8?/=V./ =:9<> J 09<>/ >/8/?< /8 7+>3M</= =C8>2N>3;?/=


)B7:7A/B7=<
)B7:7A/B7=< 2C EEGD7LjHAGE CG;> @K 3 CG7
6Gi>;@97 63@E >7 F3?4AGD
AQ163X:7<53 -_D;8;7LiCG7 FAGF7E >7E B;^57E
67 >;@97 E7 FDAGH7@F
7@F;^D7?7@F 63@E >7 F3?4AGD
 )787D?7L >3 BADF7
i *; HAGE @3H7L B3E 87D?_
0 ?7@7L >7 BDA9D3??3F7GD >3iBADF7 5ADD75F7?7@F >7
EGD O+;?7 6DK
?;@ Q E^5:7j>;@97 @7 6_?3DD7D3 B3E

 &GHD7L >3 BADF7

 *; @_57EE3;D7 E_>75F;A@@7L
O&BF;A@Q 7@ 3BBGK3@F EGD >7
4AGFA@  BBGK7L EGD >7 4AGFA@ 'B/@B
#7JB>;53F;A@ 67E ABF;A@E 8;9GD7 #7 HAK3@F ;@6;53F7GD #<
Z >3 B397  E3>>G?7
 -_D;8;7L >7 8;>FD7 Z B7>G5:7E i #7 BDA9D3??7 6_?3DD7 3H75
> 83GF @7FFAK7D >7 8;>FD7 3BD^E _?;EE;A@ 6G@ E;9@3> EA@AD7
7Fi3H3@F 5:3CG7 E_5:397 E;iHAGE >3H7L D_9>_
#7i@7FFAK397 6G 8;>FD7 D_6G;F >3 *; HAGE 3H7L E_>75F;A@@_ G@
6GD_7 67 E_5:397 7F B7D?7F BDA9D3??7 EF3@63D6 >7E HAK3@FE
6_5A@A?;E7D 67 >_@7D9;7 E3>>G?7@F BAGD ;@6;CG7D >7
6_DAG>7?7@F 67 >3 E_CG7@57
6GiBDA9D3??7

 @FDA6G;E7L >7 >;@97 63@E

>7iF3?4AGD H;67
'>357Li;@6;H;6G7>>7?7@F 5:3CG7
B;^57 67 >;@97 63@E >3 ?35:;@7
 / ?7@7L >7 BDA9D3??3F7GD 'AGD A4F7@;D >7E ?7;>>7GDE
EGD >7 BDA9D3??7 HAG>G D_EG>F3FE FD;7L 634AD6 >7 >;@97
 >3;67 6G F34>73G 67 7@ 8A@5F;A@ 6G FKB7 67 >;@97 7F
E_>75F;A@ 5:A;E;EE7L G@ 6G 679D_ 67 E_5:397 D7CG;E i @ 8;@ 67 BDA9D3??7 G@ E;9@3>
BDA9D3??7 363BF_ 3G >;@97 #3iB397
 5A@F;7@F 67E EA@AD7 D7F7@F;F E;> 3 _F_
BD_E7@F 63@E >7 F3?4AGD ;@8AD?3F;A@E B>GE 6_F3;>>_7E BDA9D3??_ 7F >3 #
HA;DiB397  O@F;j8DA;EE397
8;@Q E3>>G?7
i )7EB75F7L >7E EK?4A>7E 67
=C E_5:397 GF;>;E_E B3D >7 834D;53@F
6G >;@97


i =<1B7=< /<B7X4@=7AA/53
,@7 8A;E >7 BDA57EEGE 67
E_5:397 F7D?;@_ >7 BDA9D3??7
AG >7 BDA9D3??7 Z 6GD_7
D_9>34>7 3 BD;E 8;@ >7 F3?4AGD
5A@F;@G7 67 FAGD@7D B3D
i *; >3 B;^57 67 >;@97 5A@57D@_7
5A@F;7@F 7@5AD7 G@7 :G?;6;F_
D_E;6G7>>7 G@7 8A;E _5AG>_7 >3
6GD_7 67 E_5:397 ;@6;CG_7
 3;F7E D76_?3DD7D
>7iBDA9D3??7 7F
;@F7D?;FF7@57 B7@63@F  :7GD7  )_6G;E7L >3 6GD_7 6G
75; 7?B`5:7 >7 >;@97 67 E7 E_5:397 7@ 8A@5F;A@ 6G
 BBGK7L EGD 'B/@B 67 83]A@
8DA;EE7D #7 >;@97 D7BAE7 7@ HD35 679D_ 6:G?;6;F_ D_E;6G7>>7 D_B_F;F;H7 <GECGZ 57 CG7
7F 4;7@ 6_8AG>_ 63@E >7 F3?4AGD HAG>G E388;5:7 >3 H3>7GD D7CG;E7
<GECGZ 57 CG7 HAGE >7@  BBGK7L EGD >7 4AGFA@ 'B/@B
D7F;D;7L > 83G6D3;F D7F;D7D >7 >;@97 8=CB 23 :7<53 BAGD ?_?AD;E7D >7 @A?4D7
3H3@F CG7 57 6_>3; 3;F 7JB;D_  &GHD7L >3 BADF7 #7 5K5>7 67 6:7GD7E 7F BAGD CG7 >7
E_5:397 E;@F7DDA?BF 5A?BF7iZ D74AGDE 5A??7@57
#7 5A?BF7 Z D74AGDE 67E
 <AGF7L AG 7@>7H7L 6G >;@97
:7GD7E 5A??7@57 #7 BA;@F

 )787D?7L >3 BADF7 5>;9@AF7 #7 5A?BF7 Z D74AGDE
 *_>75F;A@@7L G@ 3GFD7 3i>;7G B3D B3E 6G@7 :7GD7
BDA9D3??7 E; @_57EE3;D7 -AGE BAGH7L AGHD;D >3 BADF7 Z FAGF
Zi>3;67 6G E_>75F7GD 67 ?A?7@F 75; @38875F7 B3E >7
BDA9D3??7 HA;D >7 F34>73G 6;88_D_ CG7 HAGE H7@7L 67 D_9>7D
 ?7@7L >7 BDA9D3??3F7GD 67EiBDA9D3??7E Z B3DF;D 67E #7E ?7@F;A@E 388;5:_7E 5>;9@AF7@F
EGDiO&88Q #7 HAK3@F ;@6;53F7GD B397E  7F EG;H3@F7E #7 BDA9D3??7 D7BD7@6 >ADECG7
E_F7;@F  BBGK7L EGD >7 4AGFA@ 'B/@B HAGE D787D?7L >3 BADF7 BG;E 3BBGK7L
#7 HAK3@F ;@6;53F7GD #< EGD >7 4AGFA@ 'B/@B
E3>>G?7 -AGE BAGH7L 788357D AG ?A6;8;7D
>7i6;88_D_ Z FAGF ?A?7@F
$@=5@/;;/B7=<  )3?7@7L >7 AR:31B3C@ 23
2CW;7<CB3C@ >@=5@/;;3 EGD >3 BAE;F;A@ &88
-AGE BAGH7L D7F3D67D >7 6_?3DD397 7 97EF7 3@@G>7 >3 BDA9D3??3j
6G BDA9D3??7 67 <GECGZ F;A@ 6G ?;@GF7GD
i:7GD7E
 *7DH7LjHAGE 6G AR:31B3C@ 23
)_9>7L >7 ?;@GF7GD 5A??7 EG;F  >@=5@/;;3 BAGD E_>75F;A@@7D
 &GHD7L >3 BADF7  *_>75F;A@@7L >7 BDA9D3??7 >7 BDA9D3??7 6A@F HAGE 3H7L

 *ADF7L >7 >;@97 6G E^5:7j>;@97 6A@F HAGE 3H7L 47EA;@ Z >3;67 47EA;@
6G AR:31B3C@ 23 >@=5@/;;3
 BBGK7L EGD >7 4AGFA@ 'B/@B
 %7FFAK7L >7 8;>FD7
> 83G6D3;F @7FFAK7D >7 8;>FD7 3BD^E  BBGK7L EGD >7 4AGFA@ R>/@B BG;E D_9>7L G@ @AGH73G 6;88_D_
5:3CG7 E_3@57 67 E_5:397 2/<A / ;3<B7=<
6 5>;9@AF7 HA;D 5;j67EEGE
#7i@7FFAK397 6G 8;>FD7 D_6G;F >3
6GD_7 67 E_5:397 7F B7D?7F
6_5A@A?;E7D 67 >_@7D9;7

i #3 ?7@F;A@ 5>;9@AF7 <GECGZ 57

CG7 HAGE 3BBGK;7L EGD 'B/@B AG
CG7 HAGE D3?7@;7L >7 AR:31B3C@
23 >@=5@/;;3A EGD >3 BAE;F;A@
&88
 )787D?7L >3 BADF7


"3BB=G/53 3B 3<B@3B73<
"3BB=G/53 2C "3BB=G/53 23A
AQ163X:7<53 1/>B3C@A 26C;727BR
> 83GF @7FFAK7D >7E 67GJ EA@67E
d "& d 6:G?;6;F_ 53D G@7 8;@7 5AG5:7 67
&'%) ,$ #'#"  ?3F;^D7 FD3@EB3D7@F7 E7EF 6_BAE_7
67EEGE
'AGD @7FFAK7D @GF;>;E7L <3?3;E
7 6_BeF E7@>^H7 835;>7?7@F 7@
67 EA>H3@FE AG 67 >;CG;67E 7EEGK3@F >7E 53BF7GDE 3G ?AK7@
;@8>3??34>7E 6G@ 5:;88A@ 7F 6G@ B7G 67 H;@3;9D7
 )7F;D7L >7 8;>FD7 Z B7>G5:7E
4>3@5
%GF;>;E7L CG7 6G H;@3;9D7 4>3@5
d $&)" d %7FFAK7L >7E 67GJ EA@67E
6:G?;6;F_ G@7 8A;E B3D ?A;E
,@ @7FFAK397 ;@5ADD75F B7GF
#7E EA@67E 6:G?;6;F_ EA@F E;FG_7E
7@6A??397D >7 E^5:7j>;@97
EGD >7E 3G47E 6G F3?4AGD
%7i>7 @7FFAK7L B3E 3H75 G@ <7F
673G %GF;>;E7L B3E 67 BDA6G;FE
D_5GD3@FE AG 67 6_F7D97@FE
?G>F;jGE397 %GF;>;E7L B3E @A@
B>GE 67 @7FFAK7GDE Z H3B7GD
 )7F;D7L >7E B7>G5:7E 7@ B3EE3@F
EEGK7L >7 5ADBE 67 >3BB3D7;> 7F >3 ?3;@ EGD >7 8;>FD7
>7i43@673G G@;CG7?7@F 3H75 G@ > 83G6D3;F D;@57D >7 8;>FD7 G@7 8A;E B3D
5:;88A@ 6AGJ 366;F;A@@_ 6G@ B7G 3@ EAGE >73G 6G DA4;@7F 5:3G67
673G E3HA@@7GE7 *_5:7L 4;7@ >7 8;>FD7 3H3@F 67 >7
EEGK7L >7 F3?4AGD >7 <A;@F 67 D7?7FFD7 7@ B>357
>3iBADF7 7F >;@F_D;7GD 67 >3 BADF7  )7?7FF7L >7 8;>FD7 7@ B>357
G@;CG7?7@F 3H75 G@ 5:;88A@  )787D?7L >3 BADF7
:G?;67
"3BB=G/53 2C 1=<2C7B
"3BB=G/53 2C 47:B@3 2R16/>>3;3<B
NW>3:C163A @EB75F7L 7F @7FFAK7L >7 5A@6G;F
,@ 8;>FD7 E3>7 355DAbF >3 6GD_7 67 6_5:3BB7?7@F 3G ?A;@E G@7 8A;E
E_5:397 3;@E; CG7 >3 5A@EA??3F;A@ B3D 3@ BAGD 7?B`5:7D CG;> @7 E7
6_@7D9;7 4AG5:7 ,@ 5A@6G;F 6_5:3Bj
> 83G6D3;F @7FFAK7D >7 8;>FD7 3H3@F 7F B7?7@F B3DF;7>>7?7@F A4EFDG_
3BD^E 5:3CG7 E_3@57 67 E_5:397 3>>A@97 >3 6GD_7 67 E_5:397

 F7;9@7L >7 E^5:7j>;@97  )3?7@7D >7 6;E<A@5F7GD 7@

)3?7@7L >7 BDA9D3??3F7GD BAE;F;A@ _F7;@F7
EGDiO&88Q  _4D3@5:7L >3 8;5:7 ?\>7 67 >3
BD;E7 67 5AGD3@F
d $&)" d  _4D3@5:7L >7 5A@6G;F 6G
E^5:7j>;@97
#;@F_D;7GD 67 >3 BADF7 E_5:3G887
 '3EE7L >7 5A@6G;F Z >3EB;D3F7GD
B7@63@F >7 E_5:397
BG;E D74D3@5:7Lj>7
 &GHD7L >3 BADF7


R@/<53;3<B 3B @3;Q23A
H3@F 63BB7>7D >7 E7DH;57  )_9>7L >7 E_>75F7GD 67
d "& d 3BD^EjH7@F7 H7G;>>7L H_D;8;7D E; >7 BDA9D3??7 EGD O&Q
6_D3@97?7@F @7 E7 >3;EE7 B3E
) *(,  &  )3?7@7D >7 6;E<A@5F7GD 7@
EGBBD;?7D Z >3;67 6G F34>73G
#+) (,  #7E D_B3D3F;A@E BAE;F;A@ _F7;@F7
5;j67EEAGE
7F >7 D7?B>357@F 67 B;^57E EA@F  _4D3@5:7L >3BB3D7;>
67E AB_D3F;A@E D_E7DH_7E *; HAGE @7 B3DH7@7L B3E Z >3
EGBBD;?7D AG E; G@7 D_B3D3F;A@  BB7>7L >7 E7DH;57 3BD^EjH7@F7
G@;CG7?7@F Z 67E F75:@;5;7@E
E;?BAE7  HA;D B397

39D__E
,)&='! /-! *)--%&! !'= !
/ =M-2/W6381/ 8/ .N7+<</ :+= 3-2/ 7L6/ :+= ,<+8-2N/ .? >9?> 9? +69<= <+8-2/D 6+ 03-2/ 7L6/ -9<</->/7/8> .+8= 6+ :<3=/
/ @9C+8> 38.3-+>/?< ( </=>/ N>/38> 38-9<</->/7/8> .+8= 6+ :<3=/ ./ -9?<+8> ./V-9?<+8>
'8 0?=3,6/
.3=498->/?< :<9>N1/+8> 6/ =/->/?< ./ 6+ $/7:6+-/D 6/ 0?=3,6/
$N+<7/D 6/ .3=498->/?<
7+3=98 + 1<366N
.3=498->N
(9?= 8+@/D :+= +::?CN =?< 6/ ,9?>98 .,. ::?C/D =?< 6/ ,9?>98 .,.
(9?= 8+@/D :+= =N6/->3988N ./ :<91<+77/ %N6/->3988/D ?8 :<91<+77/
#9<>/ :+= 0/<7N/ $/0/<7/D 6+ :9<>/
&/7:N<+>?</ +7,3+8>/ 380N<3/?</ J  °
 ° --<93==/D 6+ >/7:N<+>?</ ./ 6+ :3M-/
/ =M-2/W6381/ 8/ .N7+<</ :+= (9?= 8+@/D :+= 7N79<3=N 6/ 897,</ .2/?</ -293=3 ::?C/D =?< 6/ ,9?>98 .,. :9?< 7N79<3=/< 6/
/V897,</ +003-2N .2/?</= ./ .300N<N 897,</ .2/?</= /> :9?< ;?/ 6/ -97:>/ J </,9?<=
>*,. (- -63189>/ -977/8-/
+ :9<>/ =9?@</ ./66/W7O7/ + ,<9-2/ @/<<9?366N/ 8+ :+= /8-<+8>N #9?==/D 6+ :9<>/ :9?< 6+ 0/<7/< 4?=;?J -/ ;?/ @9?=
/8>/8.3/D 6+ ,<9-2/ /8-<+8>/< /8 :6+-/
/ :<91<+77/ + N>N 38>/<<97:? / 036></ J :/6?-2/= /=> =+6/ !/>>9C/D 6/ 036></ -977/ .N-<3> J 6+ :+1/ 
>/318/DV6+::+</36 :?3= <+66?7/DW6/ /8=?3>/
98.?3> .N-2+::/7/8> .+3< 9,=><?N 9? ><9: 6981 !/>>9C/D 6/ -98.?3> .N-2+::/7/8> $+7/8/D 6/
-98.?3> .N@+-?+>398 .+3< J =+ 6981?/?< 7+B37+6/
@93< :+1/ 
>/318/D 6+::+</36 :?3= <+66?7/DW6/ /8=?3>/
N0+?> .+8= 6/ .N<9?6/7/8> .? :<91<+77/ 9? >/318/D 6/ =M-2/W6381/ 6+3==/DW6/ </0<93.3< :/8.+8>
.C=098->3988/7/8>  738?>/= :?3= <+66?7/DW6/
$/6+8-/D /8=?3>/ 6/ :<91<+77/
+ :3M-/
6/ <N.?3> 8/=> :+= -9<</->/7/8> +N<N #<N@9C/D ?8 +::9<> =?003=+8> .+3< 0<+3=
>/318/D 6+::+</36 :?3= <+66?7/DW6/ /8=?3>/
/1<N ./ =N-2+1/ :+= +>>/38> 9? .?<N/ +:>/?< .2?73.3>N =+6/ !/>>9C/D 6/ -+:>/?< .2?73.3>N -977/ .N-<3> J 6+
./ =N-2+1/ ><9: 6981?/ :+1/  >/318/D 6+::+</36 :?3= <+66?7/DW6/ /8=?3>/
98.?3> .N-2+::/7/8> .+3< 9,=><?N 9? ><9: 6981 !/>>9C/D 6/ -98.?3> .N-2+::/7/8> $+7/8/D 6/
-98.?3> .N@+-?+>398 .+3< J =+ 6981?/?< 7+B37+6/
@93< :+1/ 
>/318/D 6+::+</36 :?3= <+66?7/DW6/ /8=?3>/
/ 036></ J :/6?-2/= /=> =+6/ !/>>9C/D 6/ 036></ -977/ .N-<3> J 6+ :+1/ 
>/318/D 6+::+</36 :?3= <+66?7/DW6/ /8=?3>/
381/ ><9: 2?73./ +8= 6/ 6+@/W6381/ /==9</D 6/ 6381/ J ?8/ @3>/==/ :6?=
N6/@N/ >/318/D 6+::+</36 :?3= <+66?7/DW6/ /8=?3>/


,)&='!
/1<N ./ =N-2+1/ :+= +>>/38> 9? .?<N/
./ =N-2+1/ ><9: 6981?/ >+,6/+? ./ =N6/->398 ./= :<91<+77/= @93< :+1/ 
'&* (
*; HAGE @AGE 3BB7>7L
&K$&(#"'
d $&)" d
$&)"  F;CG7F7L FAGE
>7E 8;>E 3H3@F 67 >7E 6_4D3@5:7D
>ADECG7 HAGE 78875FG7L 67E
5A@FDe>7E 67 E7DH;57 7E 7DD7GDE
67 5\4>397 B7GH7@F 7@97@6D7D
G@ 8A@5F;A@@7?7@F ;@36_CG3F 7F
67E E;FG3F;A@E 63@97D7GE7E
BD^E 3HA;D EAG?;E >3BB3D7;>
ZiG@7 AB_D3F;A@ 67 E7DH;57
H_D;8;7L CG;> 8A@5F;A@@7
5ADD75F7?7@F HAGE <A;@6D7 63@E >3 <AGD@_7
7 E^5:7j>;@97 @7 67?3@67 3G5G@
7@FD7F;7@ B3DF;5G>;7D 3GFD7 CG7 >7E
/-! *)--%&!
%N6/->398 .?8 :<91<+77/ 38+.+:>N %N6/->3988/D 6/ :<91<+77/ /8 @9?= =/<@+8> .?
N:+==/7/8> ./ 6+ .?<N/ 7+B37+6/ ./ =N-2+1/
N:+==/7/8> ./ 6+ >/7:N<+>?</ 6373>/ .? 79>/?< >/318/D 6/ =M-2/W6381/ 6+3==/DW6/ </0<93.3< :/8.+8>
*; >7 E^5:7j>;@97 HAGE 53GE7 G@
BDA4>^?7 CG7>5A@CG7 7F E; >7E
BD7EF3F;A@E D7]G7E @7 HAGE A@F
B3EiE3F;E83;F
 A??7@57L E H B B3D
5A@F35F7D HAFD7 ;@EF3>>3F7GD
AGi>7@FD7BD;E7 67 *- AE5:
39D__7 E;FG_7 63@E HAFD7
D_9;A@ 7F 7JB>;CG7Lj>G; >7E
D3;EA@E 67 HAFD7 ?_5A@F7@F7j
?7@F 75; EG88;D3 @AD?3>7?7@F
Z D_EAG6D7 >7 BDA4>^?7 
 *; >7 BDA4>^?7 B7DE;EF7 3BD^E
3HA;D 5A>>34AD_ 3H75 HAFD7
;@EF3>>3F7GD AG 3H75 >7
F75:@;5;7@ 6G *- 83;F7Ej@AGE
>7 E3HA;D EA;F 7@ @AGE _5D;H3@F
Zi>36D7EE7 EG;H3@F7
* A?7 BB>;3@57E
!'= !
>/318/D 6+::+</36 :?3= <+66?7/DW6/ /8=?3>/
!/>>9C/D 6/ 036></ @93< :+1/ 
(N<303/D 69<303-/ ./ =9<>3/ .? -98.?3> .N-2+::/7/8>
+8= 6/ 6+@/W6381/ /==9</D 6/ 6381/ J ?8/ @3>/==/ :6?=
N6/@N/
 738?>/= $+66?7/DW6/ /8=?3>/ +3>/= .N7+<</< ?8
:<91<+77/
*; HAGE @AGE _5D;H7L @AG4>;7L B3E
67 <A;@6D7
@AG4>;7L B3E 67 BD_B3D7D >7E
;@8AD?3F;A@E EG;H3@F7E 
 #7 @G?_DA 6G ?A6^>7
 #7 @G?_DA 67 E_D;7
 #3 63F7 635:3F 6AD;9;@7
 #3 63F7 63BB3D;F;A@ 6G
BDA4>^?7
,@7 67E5D;BF;A@ 6G BDA4>^?7
7 ?`?7 E; HAGE @AGE _5D;H7L
H7G;>>7L <A;@6D7 G@7 5AB;7 67 >3
835FGD7 7F @AGE ;@6;CG7D G@ @G?_DA
67 F_>_B:A@7 Af @AGE BAGHA@E
-AGE FDAGH7D7L >7 @G?_DA 6G
?A6^>7 7F >7 @G?_DA 67 E_D;7 EGD
AB_D3F;A@E 67 @7FFAK397 7F  $5 3667@ H7 >3iB>3CG7 E;9@3>_F;CG7 E;FG_7 EGD >3
7@FD7F;7@ BD_5_67??7@F G@F;@9FA@ 735: # 
 8357 ;@F_D;7GD7 6G B3@@73G 3H3@F
?7@F;A@@_7E ,*
i *; HAFD7 E^5:7j>;@97 53GE7
EA;F 7@ @AGE 3BB7>3@F 3G @G?_DA
BDA4>^?7 5A@EG>F7L >7 F34>73G EG;H3@F 
67 >3 B397  3H3@F 63BB7>7D
>7 E7DH;57 3BD^EjH7@F7 X

XX

*; 67E AB_D3F;A@E 67 *- E3H^D7@F
@_57EE3;D7E H7G;>>7L 5A@F35F7D
HAFD7 ;@EF3>>3F7GD AG G@ BA;@F 67
*- 39D__ %7 F7@F7L B3E 67
D_B3D7D >3BB3D7;> B3D HAE BDABD7E
?AK7@E +AGF7 D_B3D3F;A@
355A?B>;7 B3D 67E B7DEA@@7E @A@
3GFAD;E_7E D;ECG7 67 HAGE 83;D7
B7D6D7 >7 4_@_8;57 67 >3 93D3@F;7


 &(#" ' &"(' 'Q163X " #'
#7E 93D3@F;7E 8AGD@;7E B3D * AE5: H7@6GE B3D AE5: 3G 3@363 #7E 93D3@F;7E 8;9GD3@F
A?7 BB>;3@57E 5;j3BD^E BD7?;7D 35:7F7GD B3D AE5: AG 63@E 57FF7 6_5>3D3F;A@ @7 EA@F B3E
6_@A??_ OAE5:Q 63@E >3 B3DiE7E D7H7@67GDE 39D__E E7E FD3@E8_D34>7E #7E 93D3@F;7E 8;9GD3@F
BD_E7@F7 6_5>3D3F;A@ E3BB>;CG7@F 6_F3;>>3@FE AG 57@FD7E 67 E7DH;57 63@E 57FF7 6_5>3D3F;A@ @7 EA@F B3E
7J5>GE;H7?7@F 3GJ E^5:7j>;@97 3BD^EjH7@F7 3GJ F3FEj,@;E AG 3G FD3@E8_D34>7E
















 +8 ./ 1+<+8>3/ 6373>N/ -97:6M>/
J -97:>/< ./ 6+ .+>/ .38=>+66+>398
+8= ./ 1+<+8>3/ 6373>N/
J -97:>/< ./ 6+ .+>/ .38=>+66+>398
+8= ./ 1+<+8>3/ 6373>N/ =?< 6N6/-><983;?/
J -97:>/< ./ 6+ .+>/ .38=>+66+>398
+8= ./ 1+<+8>3/ 6373>N/ =?< 6/ 79>/?<
J -97:>/< ./ 6+ .+>/ .38=>+66+>398
+ .+>/ .38=>+66+>398 =/<+ <N:?>N/ 6+ :6?= :<N-9-/ ./= ./?B .+>/= =?3@+8>/=  =93> 6+ .+>/ J 6+;?/66/ 6/ =M-2/W6381/ + N>N 38=>+66N =93> .3B 49?<=
9?@<+,6/= +:<M= 6+ .+>/ ./ 63@<+3=98
F1:CA7=<A 23 5/@/<B73
#3 BD_E7@F7 93D3@F;7 @7 5AGHD7
B3Ei>7E ;@F7DH7@F;A@E 7F D_B3D3F;A@E
78875FG_7E B3D >7 E7DH;57
3BD^EjH7@F7 63@E >7 4GF 67 5ADD;97D
>;@EF3>>3F;A@ 6G E^5:7j>;@97
67i8AGD@;D 67E ;@EFDG5F;A@E EGD
9=-2 <N:+</<+ 9? </7:6+-/<+ 1<+>?3>/7/8> >9?>/ :3M-/ =+@N<+8>
.N0+366+8>/ .+8= 6/= -98.3>398= 89<7+6/= .?>363=+>398 .97/=>3;?/ 0<+3=
./V7+38 .Y?@</ /> ./B:N.3>398 38-6?= /= <N:+<+>398= =9?= 1+<+8>3/
./@<98> O></ /00/->?N/= :+< ?8 /8></ 9=-2 .? %/<@3-/ :<M=W(/8>/
%(
9=-2 09?<83<+ 1<+>?3>/7/8> 6/= :3M-/= ./ </-2+81/ ./ >9?>/ :3M-/
=+@N<+8> .N0+366+8>/ .+8= 6/= -98.3>398= 89<7+6/= .?>363=+>398
.97/=>3;?/ 0<+3= ./B:N.3>398= 38-6?=
9=-2 <N:+</<+ 9? </7:6+-/<+ 1<+>?3>/7/8> >9?> 73-<9:<9-/==/?<
9?V-3<-?3> 37:<37N ;?3 =/=> +@N<N .N0/->?/?B .+8= ./= -98.3>398=
.?>363=+>398 .97/=>3;?/ 89<7+6/ J :+<>3< ./ 6+ .+>/ .38=>+66+>398
9<3138+6/ =+-2+8> ;?/ 6/= 0<+3= ./ 7+38W.Y?@</ =/<98> 0+->?<N=
9=-2 <N:+</<+ 9? </7:6+-/<+ 1<+>?3>/7/8> >9?> 79>/?< 9? -97:9=+8>
./ 79>/?< ;?3 =/=> +@N<N .N0/->?/?B .+8= ./= -98.3>398= .?>363=+>398
.97/=>3;?/ 89<7+6/ J :+<>3< ./ 6+ .+>/ .38=>+66+>398 9<3138+6/ =+-2+8>
;?/ 6/= 0<+3= ./ 7+38W.Y?@</ =/<98> 0+->?<N=
53E 67 8AD57 ?3<7GD7 AG E; &$$* **& )*
>;@EF3>>3F;A@ @7 E7 5A@8AD?7 B3E +i&%*,+ *
3GJ D^9>7?7@FE >A53GJ H;E3@F >7 '&,)i%  ) *
E75F7GD _>75FD;CG7 >7E 8GE;4>7E ')*++ &%*  *)- 
7Fi6;E<A@5F7GDE #7E 8D3;E 67 *&,*i)%+  -, ##1
?3;@j6lGHD7 7@97@6D_E B3D >7E &%++) # %+) 
D_B3D3F;A@E AG >7 D7?B>357?7@F 67 *)-  &* ) # '#,*
FAGF E^5:7j>;@97 3BD^E G@7 B_D;A67 ')& &, +#'&%1 ,
>GF;>;E3F;A@ 67 HAFD7 E^5:7j>;@97
 &, %&)
67iD7?B>357D >7E 6;E<A@5F7GDE AG
8GE;4>7E _>75FD;CG7E AG >;@EF3>>3F;A@
_>75FD;CG7 67 HAFD7 8AK7D AG 67
AG * &$ ''# %* &)'
6G@ 3@ 5AGD3@F 67BG;E >3 63F7 
6;@EF3>>3F;A@ @7 E7DA@F B>GE ) -1  
5AGH7DFE B3D >3 BD_E7@F7 93D3@F;7
+AGF7E B;^57E D7?B>35_7E 7F
D_B3D7D FAGF E^5:7j>;@97 CG; 3 _F_ D_B3D_7E 35CG7DDA@F >7 EF3FGF 67E  $ % -%,
GF;>;E_ 63@E 67E 5A@6;F;A@E 3GFD7E B;^57E 6AD;9;@7 3GJ 8;@E 67 >3 ,%+ %+&% 
CG7 @AD?3>7E 7F :34;FG7>>7E 63@E B_D;A67 67 93D3@F;7 3BB>;534>7   

G@i>A97?7@F @ AGFD7 >7E 7>>7E @7@97@6D7DA@F 3G5G@7
93D3@F;7E 8AGD@;7E 63@E >3 BD_E7@F7 BDA>A@93F;A@ 67 >3 B_D;A67 67
6_5>3D3F;A@ 7J5>G7@F FAGF 6_83GF AG - ##1 R  % % (,)
93D3@F;7 *, /'+ &%
6A??397 BDAHACG_ B3D G@ ## # ')*%+ #i%,$T)& , $&S# 
355;67@F G@7 ?A6;8;53F;A@ G@ )%+  )$'# +&,+* *S# % *&% %,$T)&
GE397 ;@7JB7DF AG 34GE;8 G@7 ,+)* )%+ * /'#  +* i*T)  # + +
;@EF3>>3F;A@ ;@5ADDD75F7 67E FD3H3GJ &, $'#  +* 0 &$') * #* #i%&$ + #)** ,
67 E7DH;57 3BD^EjH7@F7 B3D 67E )%+ * $'#  +*  )-%,)  %* (,,%
B7DEA@@7E @A@ 3GFAD;E_7E 67E &$$) # * # + + &'   # +,)
835F7GDE 7JF_D;7GDE _5:3BB3@F (,+ &%  ,% ,+
3Gi5A@FDe>7 67 AE5: F7>E CGG@ ') * &* # %
;@57@6;7 G@7 ;@A@63F;A@ 7F 3GFD7E +&,+i)*'&%* # + *





L<2713
347<717=<3A                                                                                 
"'(&)#"' !$#&("(' 
')&                                             
%*+), &%* ') # ',*+ 
+ )) 
"'(&)#"' $&  "'( M"                                                     
@FDA6G55;d@ 
@8AD?35;d@ EA4D7 7>;?;@35;d@ 67
D7E;6GAE 
@F7E 67 ;@EF3>3D 7>
E7536AD 
?B>3L3?;7@FA 
A@7J;d@ 7>_5FD;53 
@EFDG55;A@7E B3D3 >3
5A@7J;d@ 3 F;7DD3 
A@7J;d@ 67> FG4A 67
3;D7 67 E3>;63 
#3 ;@EF3>35;d@ B3EA 3
B3EA 
#;EF3 3 5A@FDA>3D 3@F7E 67 GE3D 7> E7536AD 
'D7B3D3D 7> E7536AD B3D3 7> FD3@EBADF7 B3EA 3 B3EA 
"'(&)#"'  )"#"!"(#                                                      
*G @G7HA E7536AD 
'3@7> 67 ?3@7<A 
&3AC;3< 23 7<AB@C117=<3A                                                                   
<4=@;/17=<3A >/@/ AC A35C@72/2                                                              
,EA BD7H;EFA 
@F7E 67 7@57@67D EG
E7536AD 
,EA 67> E7536AD 
'DAF755;d@ 67> E7536AD 
$@=B3117U< 23:
;327= /;073<B3                                                               
<B3A 23 CA/@ 3: A31/2=@ >=@ >@7;3@/ D3H                                                      
3A1=<3F7U< B3;>=@/: 23:
A31/2=@                                                            
&=>/                                                                                       
67@F;8;535;d@ 67
BD7@63E 
A@E7<AE B3D3 7>
E7536A 
'3:3117U< 23: >@=5@/;/                                                                      
'DA9D3?3E 3GFA?[F;5AE 
'DA9D3?3E F7?BAD;L36AE 
&B5;A@7E 
@6;536AD 67 7EF36A 67> BDA9D3?3 
G@5;d@ 67 F;7?BA BDA9D3?36A 
(/0:/ 23 A3:3117U< 23 >@=5@/;/A                                                             
C<17=</;73<B=                                                                             

,EA 67> E7536AD 

9D793D DAB3 
'DA9D3?36A 67>
F7?BAD;L36AD 
7;>73H/ G 1C72/2=                                                                          
#;?B;7L3 67> E7536AD 
#;?B;3D 7> 8;>FDA B3D3 B7>GE3E 
#;?B;3D 7> FG4A 67 3;D7 67 E3>;63 
#;?B;3D 7> E7@EAD 67
:G?7636 
=1/:7H/17U< 23 4/::=A                                                                        
*)-  & K
)') &%* 
 &M"  &"(L $& '#&' $& &#$ #'                         
J5>GE;A@7E 


#A 87>;5;F3?AE BAD :347D 7>79;6A +A6A E7536AD CG7 67<3 @G7EFD3
7>
E7536AD 67 BD7@63E AE5: B>3@F3 :3 3BDA436A G@ 5A@FDA>
,@3
7>755;d@ CG7 >7 A8D757 G@3
D7@6;?;7@FA 67 E7536A 7J57B5;A@3>
67
D7@6;?;7@FA D73>aEF;5A K 7EF[
7@
B7D875F3E 5A@6;5;A@7E 67 347<717=<3A
K G@ 5G;636A 7EB75;3> 67 EGE 8G@5;A@3?;7@FA *; F;7@7 5G3>CG;7D
BD7@63E BD79G@F3 D7EB75FA 67 >3 ;@EF3>35;d@
67 @G7EFDAE E7536AD7E @G7EFDA
d $ &# d
> E7536AD 5G?B>7 5A@ >3 @AD?3
9DGBA 67 E7DH;5;A 3 5>;7@F7E $ &# k EFA ;@6;53 CG7
,#

 *7536AD7E 67 DAB3
,@A 67 >3E 53D35F7DaEF;53E
8G@63?7@F3>7E 67 EG E7536AD 7E
7>
43<A 5A@EG?A 67 7@7D9a3
,@3 8;>AEA8a3 8[5;> 7@ 7> ?3@7<A
G@3
9D3@ H3D;7636 67 BDA9D3?3E
67
E7536A K G@3 E7@E35;d@ 67
EA>;67L :357@ 67 7EF7 E7536AD
G@
3E;EF7@F7 EG?3?7@F7 gF;> 7@
EG
:A93D ;@EFDG55;A@7E 67 8G@5;A@3?;7@FA
> E7536AD AE5: BD7E7@F3 >3E
E;9G;7@F7E 53D35F7DaEF;53E 7EF[@63D
 G@ E;EF7?3 67 E7536A 67 3>FA
D7@6;?;7@FA
 +3?4AD 67 357DA ;@AJ;634>7
9GEFAE3?7@F7 >7 D7EBA@67D[ 7>
;@5G?B>;?;7@FA 67 7EF3
36H7DF7@5;3 BG767 E7D 53GE3 67
@ @G7EFD3 B[9;@3 67 I74
7@5A@FD3D[ ?[E ;@8AD?35;d@ >3 ?G7DF7 A 67 >7E;A@7E 9D3H7E
D787D;63 3 @G7EFDAE BDA6G5FAE
K
EG
E7>755;d@
III 4AE5:3BB>;3@57E 5A? *&X
<4=@;/17U<
d ("
d
)A93?AE >77D K E79G;D 7EF3E *&(" k EFA E;9@;8;53
CG7 7> ;@5G?B>;?;7@FA 67
7
;@EF3>35;d@ 5A@<G@F3?7@F7 5A@
7EF3
36H7DF7@5;3 BG767 E7D
FA63E 3CG7>>3E ;@8AD?35;A@7E
53GE3 67
>7E;A@7E A 63cAE
7@FD79363E 5A@ @G7EFDA E7536AD
67
5A@E;67D35;d@
5A@ G@3 53B35;636 67  >4E
d )# d

=9 )# k EFA E;9@;8;53 CG7
 *79GDA 67 BG7DF3 5A@ 8G@5;d@ 7>
;@5G?B>;?;7@FA 67 >3
67 B3DA 3GFA?[F;5A 67> F3?4AD 36H7DF7@5;3 BG767 E7D 53GE3
67
>7E;A@7E A 63cAE ?7@AD7E
 8G@5;A@3?;7@FA
7J57B5;A@3>?7@F7 E7D7@A
i EF7 Ea?4A>A E7 GF;>;L3 B3D3
 5;5>AE 3GFA?[F;5AE 5A@FDA>36AE >>3?3D >3 3F7@5;d@ 67>
BAD E7@EAD GEG3D;A
D7EB75FA 67 F7?3E
 ;5>AE F7?BAD;L36AE 67 :3EF3 ;?BADF3@F7E
 ?;@GFAE
 G@5;d@ B>;9G7E


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

')&
 %A D7B3D3D A D77?B>3L3D  >?357@7 FA6AE >AE BDA6G5FAE
*&X @;@9G@3 B3DF7 67> E7536AD CGa?;5AE B3D3 >3 DAB3 7@ G@
d ("
d @;
;@F7@F3D 5G3>CG;7D F;BA E;F;A E75A 8D7E5A K 67 35G7D6A
67
E7DH;5;A 3 ?7@AE CG7 5A@ >3E D75A?7@635;A@7E
'3D3 D76G5;D 7> B7>;9DA 67 :3K3
E;6A
D75A?7@636A 67>
834D;53@F7 K CG7 367?[E
;@57@6;A 67E53D93E 7>_5FD;53E 7@
>3E
;@EFDG55;A@7E 67 d
()Tj04.44A9
()Tj04.3
>3EF;?36GD3E 67 9D3H7636 ?3@F7@;?;7@FA A 7@
A
?G7DF7 3> 7?B>73D EG ;@EFDG55;A@7E 67 D7B3D35;d@
E7536AD
FA?7 >3E E;9G;7@F7E B3D3 GEG3D;AE CG7 E7 :3K3@
BD753G5;A@7E 5A?BD7@6;6A B>7@3?7@F7
K
B3D3 >3E CG7 E7 6;EBA@93
67
:34;>;636
 #73 FA63E >3E ;@EFDG55;A@7E
3@F7E 67 GF;>;L3D 7> E7536AD  %A GF;>;57 EG3H;L36AD7E 67
#AE
E7536AD7E AE5: E7 F7JF;>7E G AFDAE BDA6G5FAE
7@FD793@ 5A@ ;@EFDG55;A@7E 67 3@F;7EF[F;5AE E; _EFAE
?3@7<A 5G;636A 7 ;@EF3>35;d@ @A
EA@
D75A?7@636AE BAD
7>
834D;53@F7
 %A E7CG7 BD7@63E CG7
3@F7D;AD?7@F7 :3K3@ E;6A 
 %A E7CG7 5A@ 53>AD 3DFa5G>AE
>;?B;363E >3H363E D7?A<363E CG7 5A@F7@93@ 7EBG?3
A E7 >7 :3K3@ CG;F36A >3E 67
9A?3 BG767 67@A?;@3DE7
?3@5:3E 5A@ 93EA>;@3 7EBG?3 67 >3F7J G AFDAE
>;?B;36AD7E 7@ E75A EA>H7@F7E ?3F7D;3>7E CG7 E7 B3D7L53@
AFDAE BDA6G5FAE ;@8>3?34>7E 3
>AE ?7@5;A@36AE $3F7D;3>7E
A
7JB>AE;H3E 67 >3E 5G3>7E 67 9A?3 7EBG?3 BG767@
BG763@ 67EBD7@67DE7 H3BAD7E ;@57@6;3DE7 BAD ;9@;5;d@
7EBA@F[@73
CG7 BG763@ 7@57@67DE7
A
7JB>AF3D  #;?B;7 7> 8;>FDA B3D3 B7>GE3E
3@F7E A 67EBG_E 67 5363
 %A B7D?;F3 CG7 >AE @;cAE
<G79G7@ 7@ A 5A@ 7> E7536AD 53D93
747 7<7D57DE7 G@3 EGB7DH;E;d@  $3@F7@93 7> [D73 3>D7676AD
7EFD;5F3 5G3@6A _EFAE E7 67
>3 E3>;63 67 3;D7 67EB7<363
7@5G7@FD3@ 57D53 67> E7536AD K
>3E LA@3E 36K357@F7E >;4D7E
 @F7E 67 E353D 7> 67 B7>GE3E EG5;7636 K BA>HA
7>75FDA6A?_EF;5A 67 E7DH;5;A ,@3 E3>;63 A4EFDG;63 BG767
CG;F7 >3 BG7DF3 67 3557EA 3> ;?B76;D >3 5;D5G>35;d@ 67 3;D7
5A?B3DF;?;7@FA 67 E7536A   > ;@F7D;AD 67 >3 ?[CG;@3 K 67
 %A ;@FDA6GL53 >3E ?3@AE 7@ >3
E3>;63 67 3;D7 6747 >;?B;3DE7
B7D;d6;53?7@F7 BAD B7DEA@3>
7>
7>75FDA6A?_EF;5A ?;7@FD3E
53>;8;536A
7>
F3?4AD 7EF[ 9;D3@6A
 E79gD7E7 E;7?BD7 CG7 7>
 %A ;@EF3>7 A 3>?357@7
E7536AD :3 E;6A 67E5A@75F36A
7EF7
7>75FDA6A?_EF;5A 3 >3
;@F7?B7D;7 67 >3 3>;?7@F35;d@ 7>_5FD;53
3@F7E 67 ;@F7@F3D 5G3>CG;7D
 %A <G79G7 5A@ >AE 5A@FDA>7E FD343<A 67 ?3@F7@;?;7@FA
7E5A@75F7 7> 534>7 67
3>;?7@F35;d@ FA?[@6A>A 67>
FA?35ADD;7@F7 K @A 67> 534>7


 %A GF;>;57 7> E7536AD E; 83>F3@  A@EG>F3D E;7?BD7 5A@
B;7L3E A 7EF[@ DAF3E 7>
5A?7D5;3@F7 *&X
 %A 7>;?;@7 >3 8G@5;d@ 67 >AE 6;EFD;4G;6AD 397@F7 67
d ("
d
6;EBAE;F;HAE 67 E79GD;636 E7DH;5;A A 834D;53@F7
5G3>CG;7D BDA4>7?3 #3 5A@7J;d@ ;@3675G363 67 >3
 %A GF;>;57 5A@6G5FAE 67
A
4;7@
5A@6;5;A@7E CG7 BG7EF3 3 F;7DD3 67 7EF7 7CG;BA
?3F7D;3> B>[EF;5A A ?3F7D;3>7E
@A
E7 :3@ 5A?BD7@6;6A BG767 5A@6G5;D 3 G@ D;7E9A
8>7J;4>7E @A ?7F[>;5AE EFAE
5A?B>7F3?7@F7 7>7H36A 67 67E53D93E 7>_5FD;53E
?3F7D;3>7E BG767@ BD7E7@F3D
B7>;9DAE 67 ;@57@6;AE  +7@93 7@ 5G7@F3 F3?4;_@
>3E ;@8AD?35;A@7E
 %A :393 8G@5;A@3D 7> E7536AD 393 5A@FDA>3D >3 ;@EF3>35;d@ BAD
67
E79GD;636 7@ >3E
3@F7E 67 3E79GD3DE7 CG7 G@ 7>75FD;5;EF3 53>;8;536A E; F;7@7
%*+), &%*
8G7
;@EF3>36A 67 35G7D6A
5A@ 6G63E 3 8;@ 67 67F7D?;@3D CG7 7>

%*+# X% K >3E
>3E %*+), &%*  E7536AD 7EF_ 5ADD75F3?7@F7
%*+), &%*
,% &%$ %+& K CG7 >3 5A@75F363 3 F;7DD3

,% &%$ %+&
;@EF3>35;d@ K BG7EF3 3 F;7DD3
5G?B>7@ 5A@ FA6AE >AE %A ?A6;8;CG7 7> 7@5:G87 BDAH;EFA
D79>3?7@FAE >A53>7E K
G AFD3E "'(&)#"' 5A@ 7> 7>75FDA6A?_EF;5A
D79>3E K D7CG7D;?;7@FAE 67 $&  $)'( @
53EA CG7 @A BG763
3B>;535;d@ 
(&& 5A@75F3D>A 3>
FA?35ADD;7@F7E
 3>>AE 7@ >3 ;@EF3>35;d@ 7> :393 5A>A53D G@ FA?35ADD;7@F7E
EF7 7>75FDA6A?_EF;5A 6747
?3@F7@;?;7@FA K
A AB7D35;d@ 3BDAB;36A BAD
G@ 7>75FD;5;EF3
5A@75F[DE7>A 3 F;7DD3 @ 53EA
67> E7536AD D7EB75FA 67 >3 53>;8;536A
67
83>>AE 7@ 7> 8G@5;A@3?;7@FA
;@EFDG55;A@7E 67> 834D;53@F7
A
DAFGD3E >3 5A@7J;d@ 3 F;7DD3
BG767@ E7D 53GE3 67 >7E;A@7E
D76G57 7> D;7E9A 67 67E53D93E
#"'&* '('
A
63cAE
7>_5FD;53E BD7E7@F3@6A G@3 Ha3 "'(&)#"'
 '3D3 7H;F3D 63cAE 7@ 7> B;EA
K
F3?4;_@ 7@ 7> 5D75;?;7@FA
67
43<3 D7E;EF7@5;3 BAD >3 CG7 $&
#"') ('
BG767 8>G;D >3 5ADD;7@F7
67
?A:A @A B7D?;F3 CG7 $#'(&#&'
E3>B;536GD3E A 67DD3?3?;7@FAE $/@/ " @ 53EA 67 G@ 53?4;A 67
67 39G3 E7 35G?G>7@ 3>D7676AD EF7 7>75FDA6A?_EF;5A 7EF[
BDAB;7F3D;A 7EF7 ?3@G3> 6747
A 6743<A 67> E7536AD BDAH;EFA
67 G@ 534>7 67 5A@7J;d@
7@FD793DE7 5A@<G@F3?7@F7 5A@
5A@ G@
5A@6G5FAD 67 F;7DD3 K 7>
"=B/A 7>
E7536AD
FA?35ADD;7@F7 5A@ >3 FA?3 67 F;7DD3
 #3E %*+), &%*
5ADD7EBA@6;7@F7 > FA?35ADD;7@F7
$'&)+%+* 
6747 5A@75F3DE7 7@ G@ 7@5:G87
*,)  K >AE
3675G36A CG7 7EF_ 67 35G7D6A
##$&* 
5A@
FA6AE >AE D79>3?7@FAE
+% X% CG7 E7
K
AD67@3@L3E >A53>7E
BD7E7@F3@ 7@ 7EF7 ?3@G3>
@A 5G4D7@ FA63E >3E
E;FG35;A@7E BAE;4>7E CG7
BG767@ F7@7D >G93D
747@ 3B>;53DE7 7> E7@F;6A
5A?g@ BD753G5;d@
K
5G;636A 3> ;@EF3>3D
?3@F7@7D A :357D 8G@5;A@3D
7> E7536AD

#"'&* '(' "'(&)#"'


"'(&)#"' $&  "'( M"
<B@=2C117U< <4=@;/17U< A=0@3 <B3A 23 7<AB/:/@
#73 7EF3E ;@EFDG55;A@7E 3:7;7</17U< 3:
A31/2=@
5A?B>7F3?7@F7 K 5A@ 5G;636A 23
@3A72C=A 3A3;0/:/83 23:
EFA H3 3 7H;F3D CG7 B;7D63 F;7?BA 3:31B@=2=;RAB71=
:7;7</17U< 23: 3;0/:/83
K
7E8G7DLA B7D?;F;7@6A >A9D3D
G@
8G@5;A@3?;7@FA dBF;?A 67>
d $ &# d *&X
E7536AD E79gD7E7 67 F7@7D
7@
5G7@F3 FA63E >3E 36H7DF7@5;3E
d ("
d
K
BD753G5;A@7E $3@F7@93 3>7<36AE 3 >AE @;cAE
F3@FA 67> 53DFd@ 5A?A 67 > E7536AD 7E EG?3?7@F7
EF3E ;@EFDG55;A@7E B3D3 >3 B7E36A %A >7H3@F7 7>
7>75FDA6Aj
>AE
67?[E 5A?BA@7@F7E
;@EF3>35;d@ 7EF[@ 67EF;@363E B3D3 ?_EF;5A B7DEA@3>?7@F7
67>
7?43>3<7 J;EF7 B7>;9DA 67
E7D GE363E BAD B7DEA@3> 53>;8;536A
3E8;J;3 5A@ >3 >[?;@3 B>[EF;53 +3?BA5A 6747
>7H3@F[DE7>A
6;5;A@3>?7@F7 3 7EF3E
K
5A@ >AE 53DFA@7E B>7936AE 67
B3DF7E BDAFG47D3@F7E
;@EFDG55;A@7E 7> E7536AD 6747
;@EF3>3DE7 67 35G7D63 5A@ 674;6A
3>
D;7E9A
67 CG74D36GD3E
%;@9G@A 67 >AE ?3F7D;3>7E 67>
>3E
D79>3?7@F35;A@7E >A53>7E 7?43>3<7 7E 63c;@A B3D3 7> ?76;A
@
3GE7@5;3 67 _EF3E 3?4;7@F7 K BG767@ D75;5>3DE7
 7@ >AE AB/2=A )<72=A )A93?AE 7>;?;@3D>AE E79g@ >3E d )# d
7>
%3F;A@3> >75FD;5 A67 @AD?3E 67 BDAF755;d@ 67> ?;E?A
(G;F7 7> 7?43>3<7 5G;636AE3j
%*
%' 7@ EG g>F;?3 )A93?AE BA@7DE7 7@ 5A@F35FA ?7@F7 B3D3 7H;F3D 63cAE 7@
76;5;d@ K >3E D79>3E ?G@;5;B3>7E 5A@
EG H7@676AD A >3 3GFAD;636 >3E
EGB7D8;5;7E
K
A >A53>7E H;97@F7E 5A?B7F7@F7 D7EB75FA 67
 @ /</2O 7> 3@36;3@ >3E
6;EBAE;5;A@7E H;97@F7E
A@FDA>7 E; 7> E7536AD E7 :3 63c36A
>75FD;53> A67   7@ 3A316= 23 3:31B@=2=;RAB71=A 6GD3@F7 7> FD3@EBADF7 %A 5A@75F7
EG
g>F;?3 76;5;d@ K >3E D79>3E D738=A
G@ E7536AD H;E;4>7?7@F7 63c36A
?G@;5;B3>7E K
A >A53>7E @ 53EAE 67 6G63 5A@EG>F7 5A@ EG
H;97@F7E
d $ &# d H7@676AD

@ >AE 3DF7835FAE CG7 E7 H3@ *=:C;3< 23 3<B@35/

3
BA@7D 8G7D3 67 E7DH;5;A < AB/2=A )<72=A
67E5A@75F7 7> 7@5:G87 BD;@5;B3>
5ADF7 7> 534>7 67 D76 K 7>;?;@7 d )# d
7>
534>7 <G@FA 5A@ 7> 7@5:G87
> E7536AD E7 BDAH77 E;@ 7> 534>7
'3D3 7H;F3D CG7 >AE @;cAE 3> <G93D 67 3>;?7@F35;d@ TEF7 6747
E7
BA@93@ 7@ B7>;9DA 3> CG763D 5A@75F3D>A B7DEA@3> 53>;8;536A
3FD3B36AE 3E79GD3DE7 67 CG7 7>
?753@;E?A 67 5;7DD7 67 >3 BG7DF3
7EF_ 67E35F;H36A A 67E?A@F7 d )# d
>3
BG7DF3
,@3 H7L 7>;?;@36A 7> 7?43>3<7
N#AE 7>75FDA6A?_EF;5AE H;7<AE @A
CG;F7 ;@?76;3F3?7@F7 FA6AE >AE
EA@ 43EGD3 'G767@ A4F7@7DE7
?3F7D;3E BD;?3E H3>;AE3E 3 FD3H_E A4<7FAE 5A@F7@;6AE 7@ 7> F3?4AD
67
G@ D75;5>36A CG7 BDAF797 7> > E7536AD E7 7@FD793 5A?A G@;636
?76;A 3?4;7@F7 5A?B>7F3 #3E ;@EFDG55;A@7E
)A93?AE BA@7DE7 7@ 5A@F35FA 67
8G@5;A@3?;7@FA E7 7@5G7@FD3@
5A@
EG H7@676AD A >3 3GFAD;636 7@ 7> F3?4AD
5A?B7F7@F7 D7EB75FA 67 >3E
6;EBAE;5;A@7E H;97@F7E


;>:/H/;73<B= <4=@;/17U< 7;>=@B/<B3 @3A>31B=
23 :/A 27AB/<17/A ;S<7;/A
-7D B[9;@3 
*&X  ;EF3@5;3E EGB7D;AD7E 3 >3E
d ("
d ;@6;5363E D76G57@ >3
BDA434;>;636 CG7 E7 BDA6GL53
%A ;@EF3>7 7> E7536AD ?A:A 67FD[E 67> E7536AD
 3 >3 ;@F7?B7D;7  ;EF3@5;3E 36;5;A@3>7E D76G57@
 7@ 3?4;7@F7E 6A@67 9AF73 >3 FD3@E?;E;d@ 67> DG;6A
7>
39G3  ;EF3@5;3E 36;5;A@3>7E
 5753 67 ?3F7D;3>7E ;@8>3?34>7E 835;>;F3@
>3 ;@EF3>35;d@ K 7>
 7@ 3?4;7@F7E 5A@ D;7E9A 67 ?3@F7@;?;7@FA
5A@97>3?;7@FA
! % - !-)  *; E7 ;@EF3>3 7> E7536AD 7@
 7@ 3?4;7@F7E 6A@67 BG767
+   -7  6,= 3?4;7@F7E D76G5;6AE
:347D 93E G AFDAE
 51 >3E
BG7DF3E 67> 3?4;7@F7
5A?4GEF;4>7E ,   -7 6747D[@ 7EF3D 7CG;B363E 5A@
 7@ 3D?3D;AE 5A@ BG7DF3E CG7 -98
-   -7 H7@F;>35;A@7E 67 6;?7@E;A@7E
E7 BG763@ FD343D A 7@ @;5:AE /7,+6+4/
.   -7
 6,= ?a@;?3E 7EF34>75;63E
> 3?4;7@F7 67 7?B>3L3?;7@FA K81?69    G  51 C35= 23 7<B3@1=<3F7U<
6747 BAE77D G@3 4G7@3 H7@F;>35;d@ :/D/2=@/XA31/2=@
67 AFDA ?A6A 7> E7536AD FD343<3D[ *; ;@EF3>3 7> E7536AD 7@ G@ 43cA 'G767 5A>A53DE7 7> E7536AD 7@5;?3
5A@ D7@6;?;7@FA D76G5;6A A4E7DH7 >3E 6;EF3@5;3E ?a@;?3E 67 G@3 >3H36AD3 67 6;?7@E;A@7E
67
35G7D6A 3 >3 8;9GD3 E;9G;7@F7 ;9G3>7E 3 8;@ 67 3:ADD3D 7EB35;A
%A AB7D7 7> E7536AD 3 F7?B7D3FGD3E
EGB7D;AD7E 3 >AE ° ° ,F;>;57 7> <G79A 67 ;@F7D5A@7J;d@
A
6743<A 67 ° ° >3H36AD3jE7536AD 3675G36A CG7
#3E
F7?B7D3FGD3E 43<3E BG767@ >7
BDAH77D[ EG E7DH;5;A 3 5>;7@F7E
3875F3D >3 E75G7@5;3 7> BDA9D3?3 A
H7@676AD >A53>
3GFA?[F;5A K BG767@ BDA>A@93D
>AE
F;7?BAE 67> E7536A *&X
#3 EGB7D8;5;7 6A@67 E7 H3K3
d ("
d
3
;@EF3>3D 7> E7536AD 6747@ 7EF3D
>;?B;3E B3D7<3E K 8;D?7E 'AD D3LA@7E 67 E79GD;636
N%A
;@EF3>7
7> E7536AD EA4D7 >3
;@EF3>35;d@ 67> E7536AD
3>8A?4D3E A?B7@E7 >3E 6747
D73>;L3D>3 G@ 7EB75;3>;EF3
;DD79G>3D;6367E 7@ 7> B;EA ?76;3@F7 ,F;>;57 E;7?BD7 7> <G79A
>AE B;7E 3<GEF34>7E 7@ 3>FGD3 67
;@EF3>35;d@ B3D3 3E79GD3D
@EF3>7 7> E7536AD @;H7>[@6A>A 7>
E7536AD 5A@ >3 >3H36AD3 k
>3F7D3> K 8DA@F3>?7@F7 ,F;>;57 :3K
B7>;9DA 67 >7E;A@7E
G@
@;H7> 67 4GD4G<3 N%G@53
67E7@DAECG7 FAF3>?7@F7 >AE B;7E
3<GEF34>7E
> F3?3cA 67> [D73 67 ;@EF3>35;d@
67B7@67 67 >3E ?76;63E 67> ;EF3@5;3E 67 ;@EF3>35;d@ ?a@;?3E
E7536AD NE79gD7E7 CG7 7J;EF3
7EB35;A EG8;5;7@F7 B3D3 7> [D73 !.,!.!
67
9;DA 67 >3 BG7DF3 7,9= 6+.9=   77
<<3,+    77
/><K=   77
#+<>/ +8>/<39<   77
#+<>/ :9=>/<39<    77


=<3F7U< 3:R1B@71/ < AB/2=A )<72=A "=B/
*G E7536AD E7 BDAH77 E;@ 7> 534>7 > 534>7 67 5G3FDA 5A@6G5FAD7E
67 3>;?7@F35;d@ > 534>7 6747
BAE77D 5G3FDA 5A@6G5FAD7E
*&X 3
5A@75F3D 6747 BD7E7@F3D >3E 67
5A4D7 . @P  F7D?;@3@6A
d ("
d E;9G;7@F7E 53D35F7DaEF;53E 7@
G@ FA?35ADD;7@F7E F;BA %$
) > 5G3DFA 5A@6G5FAD
 BDA435;d@ ,# 7@ ,*
5A@6G5FAD 67
BG7EF3 3 F;7DD3 6747
> 534>7 67 3>;?7@F35;d@ 6747 
 HA>FE 67 H3>AD 78;53L 7EF3D ;67@F;8;536A 3 FD3H_E 67 G@3
;@EF3>3D>A g@;53?7@F7 B7DEA@3> ?a@;?A 3;E>3?;7@FA H7D67 ?;7@FD3E CG7
53>;8;536A  EB75;8;536A B3D3  7>
@7GFDA 6747 E7D 4>3@5A
A@75F3D 3 G@3 D3?3 67> 5;D5G;FA  +;BA *)+
&/<738+6/= >3:9 29<;?366+
;@6;H;6G3>  ;@5A B;7 67 >A@9;FG6 ?a@;?A -98 69= /B></79=
 +7D?;@3>7E 57DD36AE A 4;7@ .9,6+.9= 2+-3+ +<<3,+
%A GF;>;57 363BF36AD7E
F;BA
:ADCG;>>3 5A@ >AE 7JFD7?AE 3=:9=3>3@9 ./
%A GF;>;57 534>7E BDA>A@936AD7E 6A4>36AE :35;3 3DD;43 -98><+><+--3S8
./ I +:<9,+.9 !/?><9 ,6+8-9
%A CG;F7 >3 5>3H;<3 67 BG7EF3 =<3F7U< / B@/DRA 23 C< 1/0:3 !/?><9
=/1U8 '
3
F;7DD3 23  1=<2C1B=@3A
98.?->9< ./
$/@/ "
*&X 98>+->9 ./ :?/=>+
+ >3/<<+ @/<./
*G E7536AD H;7@7 7CG;B36A 5A@ d ("
d :?/=>+ + >3/<<+
&/<738+6/= >3:9 +83669
G@
534>7 67 3>;?7@F35;d@ 67

5A@6G5FAD7E E79g@ * 7@ '3D3 5A@75F3D 7> 534>7 67
> 534>7 67 3>;?7@F35;d@ 3>;?7@F35;d@
3@36[ 6747
5A@75F3D>A G@ 7>75FD;5;EF3
> E7536AD AE5: @757E;F3 G@ D79;EFD36A g@;53?7@F7  (G;F7 >AE FAD@;>>AE 67 >3 F3B3
FA?35ADD;7@F7E 67  5A@6G5FAD7E 67
>3 53<3 67 5A@7J;d@ G4;5363
,F;>;57 g@;53?7@F7 534>7E ,# 7@ >3 B3DF7 EGB7D;AD FD3E7D3
67
 ?BE 5A@ 67E53D93 67>
E7536AD
67
FD355;d@ +7@93 7@ 5G7@F3
G3@6A ;@EF3>7 7> 7@5:G87 B3D3 7>
534>7 67 3>;?7@F35;d@ 3E79gD7E7
CG7 7> 534>7 67 3>;?7@F35;d@ E73
3557E;4>7 5G3@6A 7> E7536AD 7EF[
 @FDA6GL53 >AE 35AB>3?;7@FAE
;@EF3>36A >3D9AE 67 3?43E E755;A@7E 7@
> 534>7 67 5A@7J;d@ 6747
53?4;3D>A B7DEA@3> 7EB75;3>;L36A BDAH;EFA 67 F7D?;@3>7E 57DD36AE
,F;>;57 G@ 534>7 67 3>;?7@F35;d@ 67
 5A@6G5FAD7E 5A@EG>F7 343<A BAD
>3 5A@7J;d@ 7@ >AE EF36AE ,@;6AE 57DD36A 7@ >3E 5A@7J;A@7E ?;7@FAE 5ADFAE 67 3?43E

 8>A<7 A CG;F7 >AE 6AE FAD@;>>AE
>3E
;@EFDG55;A@7E 67> 834D;53@F7 CG7 E7 7@5G7@FD3@ 7@ 7>
%A 5A@75F7 7> 534>7 67 3>;?7@F3j 6;EBAE;F;HA 67 5A@FD3FD355;d@
5;d@ 3 G@ 7@5:G87 43<A F7@E;d@ CG;F[@6A>A 67> 534>7 67
3@F7E 67 5A@75F3D>A 3 >AE F7D?;j 3>;?7@F35;d@ 67  5A@6G5FAD7E
@3>7E 67> 7>75FDA6A?_EF;5A K CG7 > 6;EBAE;F;HA 67 5A@FD3FD355;d@
7EF_ 57DD363 >3 53<3 67 5A@7J;d@ E7 5A?BA@7 67 6AE B3DF7E
A 67D;H35;d@ E79g@ E7 67E5D;47 ;6_@F;53E
343<A
%A GF;>;57 534>7E 67 3>;?7@F35;d@
>AE AD;8;5;AE CG7 E7 7@5G7@FD3@
GE36AE > 534>7 6747D[ 7EF3D
EA4D7 >3 B3DF7 >3F7D3> 67 >3 53<3
67 5A@7J;A@7E EG<7F36A BAD 7>
A 4;7@ 6A4>36AE :35;3 3DD;43 6;EBAE;F;HA 67 35AB>3?;7@FA
%A FG7DL3 >AE 534>7 7@ G@ [@9G>A 67@FDA 67 >3 53<3 #AE 35AB>3j
747 GF;>;L3DE7 G@ 534>7 67 E755;A@7E K >AE FAD@;>>AE

5A@6G5FAD7E 5G3@6A E7 6747@
B7D?3@757D G4;536AE
;@EF3>3 7> 7>75FDA6A?_EF;5A 7@ 67> >36A 7JF7D@A 67 >3 53<3
G@3 53E;>>3 DA63@F7 A 6A@67 >3E 67
5A@7J;A@7E
D79>3?7@F35;A@7E >A53>7E @A  @FDA6GL53 7> 534>7 67
B7D?;F7@ G@3 5A@7J;d@ 3 F;7DD3 3>;?7@F35;d@ 67  5A@6G5FAD7E
3
FD3H_E 67> 5A@6G5FAD @7GFDA 3 FD3H_E 67 >3E 6AE
E755;A@7E
67> 6;EBAE;F;HA
67
5A@FD3FD355;d@ HA>H;7@6A
3
5A>A53D >AE FAD@;>>AE
%A
>AE
3<GEF7 5A?B>7F3?7@F7
 :3EF3 F3@FA @A E7 :3K3 =<3F7U< ;327/<B3 C<  8>A<7 A CG;F7 >AE 6AE FAD@;>>AE
5A@5>G;6A 5A@
>3 5A@7J;d@ 1/0:3
23
/:7;3<B/17U< 23 B@3A 67> 6;EBAE;F;HA 67 5A@FD3FD35j
1=<2C1B=@3A 5;d@ CG;F3@6A >G79A 3 _EF7 67>
*; EG FA?35ADD;7@F7E 7E 67> F;BA 534>7 67 3>;?7@F35;d@ 67 FD7E
67
 5A@6G5FAD7E 5A?A 7> CG7 E7 5A@6G5FAD7E > 6;EBAE;F;HA
?G7EFD3 343<A 6747D[ 5A@E79G;D 67
5A@FD3FD355;d@ E7 5A?BA@7
G@ 534>7 67 3>;?7@F35;d@ B3D3 67
6AE B3DF7E ;6_@F;53E
7>
E7536AD CG7 F3?4;_@ E73
 @FDA6GL53 >AE 35AB>3?;7@FAE
67

5A@6G5FAD7E EFAE 534>7E >3D9AE 67 3?43E E755;A@7E 7@
>AE
5A@E79G;D[ @AD?3>?7@F7 >AE AD;8;5;AE CG7 E7 7@5G7@FD3@
7@
7>
5A?7D5;A 67> D3?A 53E3E EA4D7 >3 B3DF7 >3F7D3> 67 >3 53<3
 A@75F7 7> 5A@6G5FAD 67 67
3DFa5G>AE 7>_5FD;5AE A 53E3E 67 5A@7J;A@7E EG<7F36A BAD 7>
BG7EF3 3 F;7DD3 H7D67 7@ 7> 67
3DFa5G>AE 6A?_EF;5AE > 534>7 6;EBAE;F;HA 67 35AB>3?;7@FA
AD;8;5;A 5ADD7EBA@6;7@F7 6747D[ F7@7D F7D?;@3>7E 57DD36AE 67@FDA 67 >3 53<3 #AE 35AB>3j
?3D536A 7@ >3 8;9GD3 5A@ $ A
4;7@ F7D?;@3>7E 34;7DFAE 5A@ >AE ?;7@FAE 5ADFAE 67 3?43E
<GEF7 7> FAD@;>>A :3EF3 CG7 7JFD7?AE 6A4>36AE :35;3 3DD;43 E755;A@7E K >AE FAD@;>>AE
7>
5A@6G5FAD 7EF_ 3E79GD36A 6747@
B7D?3@757D G4;536AE
 A@75F7 7> 5A@6G5FAD @7GFDA 67> >36A 7JF7D@A 67 >3 53<3
67> 534>7 67 3>;?7@F35;d@ 67
5A@7J;A@7E
4>3@5A 7@ 7> F7D?;@3>  393 B3E3D 7> 534>7 67
5ADD7EBA@6;7@F7 ?3D536A 
5A@6G5FAD7E 3 FD3H_E 67
5A@
G@3 % <GEF7 7> FAD@;>>A 3?43E B3DF7E 67> 6;EBAE;F;HA
:3EF3 CG7 7> 5A@6G5FAD 67
5A@FD3FD355;d@ HA>H;7@6A
7EF_
3E79GD36A "=B/ 3
5A>A53D >G79A >AE 6AE FAD@;>>AE
 A@75F7 7> 534>7 @ 7> 53EA 67 G@ 534>7 67 FD7E 67 _EF7 g>F;?A %A >AE 3<GEF7
5ADD7EBA@6;7@F7 3 G@3 67 >3E 5A@6G5FAD7E _EFAE 6747@ E7D 67 5A?B>7F3?7@F7 :3EF3 F3@FA
83E7E @79DA 3 G@A 67 >AE 5A4D7 E79g@ . @P  ?;7@FD3E 5A?B>7F7 >3 5A@7J;d@ 7>_5FD;53
F7D?;@3>7E 67 83E7 ?3D536A CG7 7> FA?35ADD;7@F7 FD;BA>3D
5A@ #
 <GEF7 7> FAD@;>>A 6747
E7D 67> F;BA %$ j)
:3EF3
CG7 7> 5A@6G5FAD 7EF_
&/<738+6/= >3:9 29<;?366+ -98 69=
3E79GD36A /B></79= .9,6+.9= 2+-3+ +<<3,+
 A@75F7 7> 5A@6G5FAD
B7DF7@75;7@F7 3 G@3 67 >3E
=>/ :969 ./,/ &/<738+6/= >3:9
83E7E DA<A 3> AFDA F7D?;@3> +83669
-98/->+<=/ -98
67
83E7 ?3D536A 5A@ # /=>/ -98.?->9<
<GEF7 7> FAD@;>>A :3EF3 CG7 7>
5A@6G5FAD 7EF_ 3E79GD36A  A@75F7 7> 5A@6G5FAD 67
 <GEF7 >AE FAD@;>>AE 67> 3=:9=3>3@9 ./ BG7EF3 3 F;7DD3 H7D67 7@
!/?><9 -98><+><+--3S8 !/?><9 ,6+8-9
6;EBAE;F;HA 67 5A@FD3FD355;d@ ./
I +:<9,+.9 7>
AD;8;5;A 5ADD7EBA@6;7@F7
9 -/8><9
67 ?A6A CG7 7> 534>7 67 =/1U8 ' ?3D536A 7@ >3 8;9GD3 5A@ $
5A@7J;d@ @A BG763 ?AH7DE7 <GEF7 7> FAD@;>>A :3EF3 CG7
'3D3 5A@75F3D 7> 534>7 67

 -G7>H3 3 5A>A53D >3 F3B3 7>
5A@6G5FAD 7EF_ 3E79GD36A
3>;?7@F35;d@
67
>3
53<3 67 5A@7J;d@  A@75F7 >AE 6AE 5A@6G5FAD7E
 (G;F7 >AE FAD@;>>AE 67 >3 F3B3
3E79GD[@6A>3 5A@ >AE 67 83E7 D7EF3@F7E 3 >AE
67
>3 53<3 67 5A@7J;d@ G4;5363
5G3FDA
FAD@;>>AE CG;F36AE F7D?;@3>7E 67 83E7 7> 4>3@5A
7@ >3 B3DF7 EGB7D;AD FD3E7D3
3@F7D;AD?7@F7 3
>3
#
K 7> DA<A 3 >3 # <GEF7
67>
E7536AD
> 7>75FDA6A?_EF;5A 7EF[ 3:AD3 3:AD3 >AE FAD@;>>AE 67
?A6A
>;EF3
B3D3 5A@75F3D>A 3> 7@5:G87 CG7 >AE 5A@6G5FAD7E CG767@
67
 BA>AE 67 >3 3>;?7@F35;d@ B7D875F3?7@F7 3E79GD36AE


  <GEF7 >AE FAD@;>>AE 67> <AB@C117=<3A >/@/ =<3F7U< 23: BC0=
6;EBAE;F;HA 67 5A@FD3FD355;d@
67 ?A6A CG7 7> 534>7 67
:/
1=<3F7U< / B73@@/ 23
/7@3 23 A/:72/
5A@7J;d@ @A BG763 ?AH7DE7 EF7 7>75FDA6A?_EF;5A 6747
 -G7>H3 3 5A>A53D >3 F3B3 5A@75F[DE7>A 3 F;7DD3 @ 53EA *&X
67
>3
53<3 67 5A@7J;d@ 67
83>>AE 7@ 7> 8G@5;A@3?;7@FA d ("
d
3E79GD[@6A>3 5A@ >AE A
DAFGD3E >3 5A@7J;d@ 3 F;7DD3
5G3FDA
FAD@;>>AE CG;F36AE D76G57 7> D;7E9A 67 67E53D93E   8;@ 67 D76G5;D 7> B7>;9DA 67
3@F7D;AD?7@F7 7>_5FD;53E BD7E7@F3@6A G@3 ;@57@6;A 7> 3;D7 67 E3>;63 67
Ha3
67
43<3 D7E;EF7@5;3 BAD >3 CG7 7EF7 7>75FDA6A?_EF;5A 
> E7536AD 7EF[ 3:AD3 BD7B3D36A
BG767 8>G;D >3 5ADD;7@F7 &%, )* # /+) &)
B3D3 E7D 5A@75F36A 3>
FA?35ADD;7@F7 67 FD;BA>3D
5A@
>3
F7@E;d@ 3675G363 EF7 7>75FDA6A?_EF;5A 7EF[
$@=1327;73<B=A 23 >C3AB/
/
B73@@/ /2717=</:3A
  8;@ 67 D76G5;D 7> B7>;9DA
 >9G@3E D79>3?7@F35;A@7E
>A53>7E BG767@ 7J;9;D G@3
5A@7J;d@ 3 F;7DD3 36;5;A@3> 3675G36A CG7 7EF_ 67 35G7D6A
@
7EF7 53EA 6747@ 36CG;D;DE7
BAD E7B3D36A >AE 3557EAD;AE
D7CG7D;6AE 5A?A 7> 534>7
67
5A@7J;d@ 34D3L367D3E
K
FAD@;>>AE *&X
 %G@53 5A@75F7 7> 7>75FDAj
6A?_EF;5A 3 FG47Da3E 67 39G3
67
?3F7D;3> B>[EF;5A FG47Da3E
67
93E A 67 39G3 5A@6G5FAD 67 BG7EF3 3 F;7DD3
 > FG4A 67 H7@F;>35;d@ 6747 F7Dj
$/@/ "   8;@ 67 D76G5;D 7> B7>;9DA 67
;@57@6;A @A GF;>;57 >3E FG47Da3E
BDAH;EFA
67 G@ 534>7 67 5A@7J;d@ ?[E >3D93E CG7 >A D75A?7@j
5A@ G@ 5A@6G5FAD 67 F;7DD3 K 7>
636A
FA?35ADD;7@F7 5A@ >3 FA?3 67 F;7DD3
5ADD7EBA@6;7@F7 > FA?35ADD;7@F7
67
;@57@6;A GF;>;57 g@;53?7@F7
6747 5A@75F3DE7 7@ G@ 7@5:G87
FG4AE Da9;6AE A 8>7J;4>7E 67
?7F3>
5A@
FA6AE >AE D79>3?7@FAE
K
AD67@3@L3E >A53>7E  %& GF;>;57 G@ FG4A 67 G@
6;[?7FDA ;@87D;AD 3  BG>9363E
 '3E7 7> 534>7 67  5A@6G5j
FAD7E 3 FD3H_E 67 >3 34D3L367D3
d ("
d 67 67E53D93 67 FD355;d@ ,#
 %& 5A@6GL53 7> 3;D7 67 E3>;63
3> ;@F7D;AD 67 G@3 5:;?7@73
,@3 5A@7J;d@ ;@3675G363 67>
5A@6G5FA 67 H7@F;>35;d@
67>
7CG;BA BG767 53GE3D 3>F;>>A
G AFD3 FG47Da3 GF;>;L363
67E53D93E 7>_5FD;53E 393 B3D3 8;@7E 67 H7@F;>35;d@
5A@FDA>3D 7> 7>75FDA6A?_EF;5A BAD  %A ;@EF3>7 G@ FG4A 8>7J;4>7
G@ 7>75FD;5;EF3 53>;8;536A A 67> 7?BAFD36A 7@ >3 B3D76
E7DH;5;A F_5@;5A E; F;7@7 6G63E G@
5;7>ADD3EA A B;EA
D7EB75FA 67 >3 5ADD75F3 5A@7J;d@  %& D7FG7DL3 @; 6A4>7 7> FG4A
3 F;7DD3 67 EG E7536AD  A@FDA>7 K >;?B;7 >3 FG47Da3
D79G>3D?7@F7 A?A ?a@;?A
G@3 H7L 3> 3cA
?;@3D 67 ?A6A CG7 @A
BG763
B7@7FD3D 7> H;7@FA A
3@;?3>7E
 8;@ 67 BD7H7@;D >3 8AD?35;d@ 67
:G?7636 K 67 :;>35:3E 7@ 7> ;@F7D;AD
K B3D3 ?3@F7@7D G@ ?[J;?A 67
78;5;7@5;3 7@ 7> E7536A 7EF7
E7536AD 6747 BAE77D G@3
H7@F;>35;d@ :35;3 7> 7JF7D;AD
i ,4;CG7 7> FG4A 67 3;D7 67
H7@F;>35;d@ 67 ?A6A CG7
@A
E7
97@7D7@ 5A@FD3BD7E;A@7E
B
7< 674;6A 3> H;7@FA 7@
EG
E3>;63

> 7CG;BA BD7E7@F3 G@3 E3>;63 @ >3 F34>3 E;9G;7@F7 E7 ;@6;53@ '=;0@3@3B3 23 D3<B7:/17U<
67
3;D7 67 H7@F;>35;d@ 7@ EG B3DF7 >3E
>A@9;FG67E ?[J;?3E B7D?;F;63E > FG4A 67 H7@F;>35;d@ 6747 F7D?;@3D
BAEF7D;AD F3@FA B3D3 FG47Da3E Da9;63E 5A?A 7@ G@ EA?4D7D7F7 67 H7@F;>35;d@
B3D3 3CG7>>3E 8>7J;4>7E  3BDA436A 5A@ >3?;@;>>3E 67 5;7DD7
@'!,) 3?ADF;9G36A %& GF;>;57 G@
/) ,?#% ) /) "&!2%&!
!
) )- EA?4D7D7F7 5A@ E79GDAE
!  7 ?39@_F;5AE
  0>
 0> '3D3 7H;F3D D7EFD;55;A@7E 7@ >3
 -7  -7 H7@F;>35;d@ >3 E3>;63 6747 BD7E7@F3D


0>  0> G@ 6;EF3@5;3 ?a@;?3 67
 -7  -7 

BG>9363E  5? EA4D7 7> EG7>A
G
AFD3 EGB7D8;5;7 67 A4EFDG55;d@

 0>  0>
A>ACG7 7> 7JFD7?A 67> FG4A 67
3;D7 
 -7 
 -7
67 H7@F;>35;d@ E;@ 6A4>3D>A ,F;>;57   0>  0>
34D3L367D3E B3D3 FG4A 3 8;@ 67  -7 

-7
3E79GD3D 7> FG4A 67 3;D7 >
FG4A 67
H7@F;>35;d@ E;7?BD7 6747 ?A@F3DE7 747 GF;>;L3DE7 G@ FG4A 67 5G3FDA
7@ BAE;5;d@ D75F3 H7DF;53> G
:AD;LA@F3> E;@ CG7 E7 BDA6GL53@
;@8>7J;A@7E BDA@G@5;363E 8>7J;4>7E
BG>9363E 3BDAJ  ??
,F;>;57
FG4AE 67 ?7F3> Da9;6AE A 4;7@
%& GF;>;57 FG4AE 67 ?3F7D;3>
B>[EF;5A A ?3F7D;3>7E @A ?7F[>;5AE
5A@ 7EF7 E7536AD
%& GF;>;57 FAD@;>>AE A EG<7F36AD7E / 7<AB/:/17U< >/A=
7@
7> 7@E3?4>7 67 >3 FG47Da3 CG7 E7 /
>/A=
BDA>A@9G7@ :35;3 7> ;@F7D;AD 67 >3  (G;F7 7> E7536AD 67 EG
?;E?3 G@5;A@3D[@ 5A?A BG@FAE 7?43>3<7
67 5A@57@FD35;d@ 67 B7>GE3E
(C03@S/
 A@FDA>7 E; 7> E7536AD BD7E7@F3
'3D3 3E79GD3D G@ D7@6;?;7@FA
?[J;?A >3 FG47Da3 67> E7536AD
6747 E7D F3@ 5ADF3 5A?A BAE;4>7
K
5A@ >3 ?7@AD 53@F;636 67 5A6AE  *; :357 83>F3 :393 5A@75F3D
*G E7536AD FD343<3D[ 7@ >3E ?7<AD7E
5A@6;5;A@7E E; >3 FG47Da3 BD7E7@F3
>3 ?7@AD 53@F;636 67 7EFAD4AE
B3D3
>3 5;D5G>35;d@ BAE;4>7 +G47Da3E
?[E >3D93E CG7 >3E D75A?7@6363E
BDA>A@93@ 7> F;7?BA 67 E7536A
53GE3@ >3 35G?G>35;d@ 67 B7>GE3E
K
35ADF3@ >3 H;63 gF;> 67> E7536AD 6747@ E7>>3DE7 B3D3 CG7 @A
@67B7@6;7@F7?7@F7 67 5A@75F3D
>3
FG47Da3 3 G@ E;EF7?3 7J;EF7@F7
A
@G7HA 3E79GD7 CG7 7EF_ >;4D7 67
B7>GE3E 3
8;@ 67 3E79GD3D 7> FG4A 67
#3E <G@FGD3E 67 >AE FG4AE 6747D[@
3E79GD3DE7 5A@ G@3 5;@F3
3675G363
+A63E >3E <G@FGD3E 67 >AE FG4AE
BD7E7@F7@ B_D6;63E > 7JFD7?A 67>
FG4A 67 ?7@AD 6;[?7FDA 6747D[
E7c3>3D 7@ 7> E7@F;6A 67 5;D5G>35;d@
67> 3;D7
 (G;F7 FA6AE >AE A4<7FAE 67>
F3?4AD
63cAE H;E;4>7E
 ,4;CG7 7> E7536AD 57D53 67>
E;F;A 67 7?B>3L3?;7@FA
7>
534>7 67 3>;?7@F35;d@ BAD G@
7>75FD;5;EF3 H7D B[9;@3 
i *; 7> 7EB35;A 7E ?GK D76G5;6A
E7 D75A?;7@63 5A@75F3D 7> FG4A
67 H7@F;>35;d@ 3> E7536AD 3@F7E
67 G4;53D 3 _EF7 7@ EG E;F;A
 A@75F7 7> FG4A 67 H7@F;>35;d@
3 >3 E3>;63 5ADD7EBA@6;7@F7
67>
E7536AD
,F;>;57 34D3L367D3E B3D3 FG4A
3;D7
 ,4;CG7 7> E7536AD 7@ EG E;F;A
67 7?B>3L3?;7@FA 678;@;F;HA

 d )# d 7AB/ / 1=<B@=:/@ /<B3A $@3>/@/@ 3: A31/2=@
23 CA/@ 3: A31/2=@ >/@/ 3: B@/<A>=@B3
%A 3DD3EFD7 7> E7536AD BAD  A@FDA>7 CG7 >AE B3EAE >/A= / >/A=
7>
EG7>A E; >AE B;7E 3<GEF34>7E 
3

:3K3@ E;6A 7875FG36AE  ;D7 7> E7>75FAD 67 BDA9D3?3E
8G7DA@ 7JF7@6;6AE @ 7EF7 5ADD75F3?7@F7 3
>3 BAE;5;d@ O&88Q
53EA
E7 63c3Da3@ F3@FA >AE  E79GD7 CG7 7> E7536AD 7EF[  7E5A@75F7 7> 7@5:G87 67
B;7E
3<GEF34>7E 5A?A >3 B3DF7 5A@75F36A 3 >3 3>;?7@F35;d@ 3>;?7@F35;d@
;@87D;AD
67> E7536AD

 #73 >E ;@EFDG55;A@7E 67
 7E5A@75F7 7> FG4A 67
 'AE;5;A@7 K @;H7>7 >G79A 8G@5;A@3?;7@FA B3D3 7@F7D3DE7 H7@F;>35;d@ 67 >3 E3>;63
7>
E7536AD 5A?A 8G@5;A@3 EG E7536AD 5ADD7EBA@6;7@F7 7@ 7> E7536AD
 875Fg7 G@ 5A@FDA> 67>  A>ACG7 FA6AE >AE 3557EAD;AE
7>75FDA6A?_EF;5A 7@ 7> F3?4AD
q A@FDA>7 CG7 7> F3?4AD 7EF_  ;7DD7 >3 BG7DF3 K 3E79gD7>3
H35aA 5A@
5;@F3 36:7E;H3
q ;7DD7 >3 BG7DF3 67> E7536AD  FAD@;>>7 >AE B;7E 3<GEF34>7E 7@
3>FGD3 :3EF3 CG7 CG767@ 67@FDA
q A@?GF7 7> E7536AD
67 >3 53D53E3 B3D3 7H;F3D CG7
3
OJFD3
DKQ K 7@5;_@63>A
E7
63c7@ 6GD3@F7 7> FD3@EBADF7
q B39G7 O&88Q 7> E7536AD
67EBG_E 67 FD3@E5GDD;6AE 
3  ?;@GFAE K [4D3>A
 *; 7> ;@F7D;AD 67> E7536AD 7EF[
F;4;A E;9@;8;53 CG7 7EF[
5ADD75F3?7@F7 5A@75F36A
 *; 7> E7536AD @A 8G@5;A@3
5A@?gF7>A 3 O&88Q
A@EG>F7 7@ >3 >A53>;L35;d@
67
83>>AE H7D B[9;@3 
67
>3E
%*+), &%*

,% &%$ %+&
> E7536AD 6747 @;H7>3DE7 K
67F7D?;@7 7> 83>>A
5A@
FA6AE >AE B;7E 3<GEF34>7E
8;D?7?7@F7 3E7@F36AE 7@ 7>
B;EA %A 6747 F3?43>73DE7
*;
7> E7536AD @A 7EF[ @;H7>36A
A
E; E7 F3?43>73 6747@
D79G>3DE7 >AE B;7E 3<GEF34>7E
#AE B;7E 6747@ 3<GEF3DE7 :3EF3
CG7 7> E7536AD @A E7 43?4A>73
K 7EF[ @;H7>36A F3@FA 67 G@
>36A
D7EB75FA 67> AFDA 5A?A
67 3FD[E D7EB75FA 67 367>3@F7
 A@75F7 7> FA?35ADD;7@F7 7@
7>
7@5:G87 5ADD7EBA@6;7@F7


"'(&)#"'  )"#"!"(#
'C <C3D= A31/2=@
*G @G7HA E7536AD BAE77 G@ 5A@?GF36AD 3 BD7E;d@
4D3 >3 BG7DF3 ?76;3@F7 G@3 BD7E;d@ >7H7

K
5;7DD7
>3
BG7DF3
d *&(" d
I"= 2383 ?C3 :=A <7T=A 8C35C3<
1=< :/ >C3@B/

;>FDA
67
B7>GE3E


$/<3: 23 ;/<38=
$C:A/2=@ 23 /@@/<?C3 =B=<3A >/@/ A3:3117=</@ :/A =>17=<3A
@;5;3 7> BDA57EA 67 E7536A 36;5;A@3>7E 3 >AE BDA9D3?3E E; 3Ea E7 >A D7CG;7D7
-7D B[9;@3 
3:71/B3A &=>/ 47</
55;A@7 7EF7 4AFd@ 5G3@6A E7 FD3F3 67 DAB3
E7@E;4>7 3 >3 F7?B7D3FGD3 B 7< 8;4D3 35Da>;53E
#3
F7?B7D3FGD3 67> BDA57EA 67 E7536A E7 D76G57
K
7> F;7?BA E7 BDA>A@93 5ADD7EBA@6;7@F7?7@F7
'3T/:
,@3 E7c3> 35gEF;53 >7 5A?G@;53@ 7> 5A?;7@LA K >3
5A@5>GE;d@ 67> BDA9D3?3 67 E7536A
7A>:/G
-;EG3>;L3 7> F;7?BA B3D3 7> 3DD3@CG7
8G@5;d@ 67 F7?BAD;L35;d@ BDA9D3?34>7
CH 7<271/2=@/  
*7 7@5;7@67 5G3@6A 7>
E7536AD 7EF[ 7@57@6;6A

C13A 7<271/2=@/A '3:31B=@ 23 >@=5@/;/

@6;53 7> 7EF36A H;97@F7 *7>755;A@3 7> BDA9D3?3
67> BDA57EA 67 E7536A -7D
B[9;@3 
'G767 9;D[DE7>A 7@ 3?43E
6;D755;A@7E

'3D3 3B393D 7> E7536AD

5A@?GF3D 7> E7>75FAD 67
BDA9D3?3 3 O&88Q


 '3:3117U< 23
C< 7;>73 3: 47:B@=
>@=5@/;/ 23
>3:CA/A
&3AC;3< 23
7<AB@C117=<3A
*&X
d ("
d
@F7E 67 GE3D EG E7536AD >73 8CAB3 23: @3B@/H=
K
F7@93 7@ 5G7@F3 FA63E >3E >/@/
3: /@@/<?C3
;@EFDG55;A@7E 67 ;@EF3>35;d@ A7
3A
<313A/@7=
K
8G@5;A@3?;7@FA

$@3>/@/17U< 23:
A31/2=@
i A@FDA>7 7> 8;>FDA 67 B7>GE3E
747 >;?B;[DE7>A 3@F7E
K
67EBG_E 67 5363 BDA57EA
67
E7536A '3:3117=</@ C</
=>17U<

/ >=<3@ 3<

4C<17=</;73<B=
3:
A31/2=@
>/5/@ 3: A31/2=@


 )A= >@3D7AB=
<4=@;/17=<3A ,F;>;57 7> E7536AD g@;53?7@F7
3
@;H7> 6A?_EF;5A K 5A@ 53@F;6367E $@=B3117U<
>/@/ AC 67 DAB3 6A?;5;>;3D;3E
747 GE3DE7 7EF7 E7536AD
23:
;327=
A35C@72/2 g@;53?7@F7 5A@ F7JF;>7E >3H36AE
5A@ 39G3
/;073<B3
=<A38=A >/@/ :/ @/17=</:7H/17U<
<B3A 23 3<13<23@ 23 3<3@5S/
d $ &# d AC
A31/2=@
AE5: D75A?;7@6A >A E;9G;7@F7
+7@93 E;7?BD7 7@ 5G7@F3 @EF3>7 7> E7536AD 67 35G7D6A B3D3 D35;A@3>;L3D 7@7D9a3 6;@7DA
>3E
%*+), &%*  5A@
>3E ;@EFDG55;A@7E 67 ;@EF3>35;d@ K
F;7?BA
*,)  $'&)+%+* H7D B[9;@3 
 IA1C@@/ :/ @=>/ >@=:78/;3<B3
-7D B[9;@3  %A GF;>;57 G@ E7536AD E; _EF7
@F7E 67> E7536A 57@FD;8G9G7
BD7E7@F3 63cAE H;E;4>7E
>3 DAB3 BDA>;<3?7@F7 7@ >3
@
53EAE
67 6G63 5A@EG>F7 5A@
d $ &# d EG
H7@676AD
?[CG;@3 67 >3H3D N,F;>;57
>3
H7>A5;636 67 57@FD;8G936A
I$ &#  ,$ #'#"' ?[J;?3 36?;E;4>7 B3D3 7> F;BA
)A= 23: A31/2=@ 67 DAB3 7@ 5G7EF;d@
$3@F7@93 3>7<363E 67> E7536AD
%A 67<7 CG7 @;cAE <G79G7@ E;@ -7>A5;6367E 67 57@FD;8G936A
?3F7D;3>7E ;@8>3?34>7E K H3BAD7E H;9;>3@5;3 7@ >3E 57D53@a3E 67> 7>7H363E D76G57@ 7> F;7?BA
5A?A >3 93EA>;@3 E7536AD 67
E7536A K 7> 5A@EG?A 67
%G@53 E7CG7 BD7@63E CG7 $3@F7@93 3>7<36AE 67> E7536AD 7@7D9a3
7EFGH;7DA@ 7@ 5A@F35FA 3>9G@3 3
>AE 3@;?3>7E 53E7DAE  I)B7:713 :/ 1/@5/ U>B7;/
H7L 5A@ ?3F7D;3>7E ;@8>3?34>7E @F7E
67
57DD3D >3 BG7DF3 5A@FDA>7 ,E7 >3 53D93 ?[J;?3
3g@ 67EBG_E 67 >3H3D>3E 7> 5A@F7@;6A 67> F3?4AD D75A?7@6363 *;@ 7?43D9A
(G;F7 FA6AE >AE A4<7FAE 67 >AE @A
6747 7J576_DE7>3
%G@53 E7CG7 A4<7FAE CG7 :3K3@
4A>E;>>AE
7EF36A 7@ 5A@F35FA 5A@ 357;F7E  I 7;>73 3: 47:B@=
#AE 7@57@676AD7E B3D3 5;93DD;>>AE
67 @;@9g@ F;BA ;@5>GK7@6A 357;F7 #;?B;7 7> 8;>FDA 3@F7E K 67EBG_E
EA@ 7EB75;3>?7@F7 B7>;9DAEAE
B3D3 5A5;@3D 67 5363 BDA57EA 67 E7536A
I$3:75@= 23 3F>:=A7U<
H7D B[9;@3
 
'D7@63E CG7 5A@F7@93@ 7EBGj B39G7 7> E7536AD 5G3@6A F7D?;@3
?3E 9A?3 A B>[EF;5A 6747@ 7> BDA9D3?3  I*3<B7:3 3: /;073<B3
E753DE7 EA4D7 >3 EA93 A 4;7@ 5A@ 23
3;>:/H/;73<B=
G@ 5;5>A 67 EG3H;L36A 5A@ 3;D7 $@=B3117U< 23: 'DAH73 G@3 EG?;@;EFDA
A31/2=@ 3675G36A 67 3;D7 8D7E5A
%A B7D?;F3 CG7 E7 B7D?3@7L53@ 6GD3@F7 7> BDA57EA 67 E7536A
A4<7FAE CG7 5A@F7@93@ %A E7 EG43 3> E7536AD
 I"= A3?C3 ;/B3@7/:3A
EGEF3@5;3E ;@8>3?34>7E 5A?A %A E7 3BAK7 @; E;7@F7 EA4D7 >3
7</231C/2=A
7@57@676AD7E 7@ >3 DAB3 BG7DF3
%A E7CG7 BD7@63E 7@9A?363E
6GD3@F7
7> E7536A IF7AB3 >3:75@= 23 DC3:1= >/@/
A ;?B7D?734>7E
3:
A31/2=@
> ;@5G?B>;?;7@FA 67 7EF3E %A GE7 @; 3>?357@7 EA>H7@F7E  I 7;>73 3 7<A>3117=<3 3:
;@EFDG55;A@7E BG767 E7D 53GE3 BAF7@5;36AD7E B3D3 67F7D97@F7E A7AB3;/ 23 A/:72/ 23 /7@3
67 7JB>AE;A@7E A ;@57@6;AE A
CG;F3?3@5:3E 7@ >3E 57D53@a3E @35C:/@;3<B3
67> E7536AD &4EFDG55;A@7E 7@ 7EF7 E;EF7?3
I$3:75@= 23 ;C3@B= = :3A7=<3A BDA>A@93@ 7> F;7?BA 67 E7536A
'G767 63c3DE7 7> E7536AD
%A >7H3@F7 7> E7536AD EG<7F[@6A>A
67 B3DF7E EA4D7E3>;7@F7E 67> ?;E?A
B 7< >3 BG7DF3
I$3:75@= 23 ?C30@/2C@/A
G
:3A7=<3A


<B3A 23 CA/@ 3A1=<3F7U<
3: A31/2=@ >=@ B3;>=@/:
>@7;3@/ D3H 23:
A31/2=@
@F7E 67 GE3D EG E7536AD BAD 393 8G@5;A@3D EG E7536AD
BD;?7D3 H7L g@;53?7@F7 5G3@6A 7EF[ 7@ EG
53E3 *; E7 H3 67 H3535;A@7E
 #73 7EF7 ?3@G3> 67
A
@A
GF;>;L3 7> E7536AD BAD G@
;@EFDG55;A@7E 5G;636AE3?7@F7
F;7?BA BDA>A@936A GEF76 6747
&=>/
23<B7471/17U<
23
>@3<2/A
&4E7DH7 7> Ea?4A>A CG7 67F7D?;@3
7> FD3F3?;7@FA 7@ >3E 7F;CG7F3E
67
>3E BD7@63E TEF3E BDAH77@
;@8AD?35;d@ ;?BADF3@F7 D7EB75FA
67
7H7@FG3>7E >;?;F35;A@7E 5A@57Dj
@;7@F7E 3> BDA57EA 67 E7536A
 A@FDA>7 CG7 7> HA>F3<7 67
3>;?7@F35;d@ 7EF_ 67 35G7D6A  ADF7 7> 5A@?GF36AD 67 %A E7CG7 F7JF;>7E 67 >AE E;9G;7@F7E
5A@ 3CG_> ;@6;536A 7@ >3 5:3B3 3>;?7@F35;d@ F;BAE
67 53D35F7DaEF;53E -7D >3 8;9GD3  7E7@5:G83D 7> E7536AD  ?B7D?734>7E
7@ B[9;@3 
 #;?B;7 7> 8;>FDA 67 B7>GE3E B 7< 7@9A?363E

 (G;F7 FA6AE >AE A4<7FAE 67>  )AB3 8;@3
F3?4AD E763 5ADF;@3E E;@F_F;53E
 A@FDA>7 E; 7> E7536AD BD7E7@F3
63cAE H;E;4>7E *; 7@5A@FD3D3 i ,F;>;57 >7 BDA9D3?3 O;D 8>G88Q
3>9G@A Bd@93E7 7@ 5A@F35FA B3D3 E753D ?3F7D;3>7E 67
5A@ EG H7@676AD 7EBG?3 67 9A?3 A E;?;>3D7E
 D;79G7 7> ;@F7D;AD 67> F3?4AD
5A@ G@ B3cA :g?76A =<A38=A >/@/
 875Fg7 G@ 5A@FDA> 67> 7>75FDAj 3:
A31/2=
6A?_EF;5A -7D B[9;@3


@ BD;@5;B;A >A E;9G;7@F7 7@5G7@FD3
 *; 7> E7536AD @A 8G@5;A@3 3B>;535;d@ 7@ FA6AE >AE BDA9D3?3E
5A@?gF7>A 3 O&88Q
A@EG>F7 >3 E755;d@ 67  '3D3 >A9D3D G@ E7536A
>A53>;L35;d@ 67 83>>AE ?7@AD7E G@;8AD?7 E7>755;A@7 >3 DAB3
B[9;@3  7@ 7> ?3@G3> 67
35G7D6A 3> F;BA 67 BD7@63
K
3> BDA9D3?3 3 GF;>;L3D
67
;@EFDG55;A@7E K 67F7D?;@7
>3
53GE3  ;7DD7 5;7DD7E 93@5:AE K
4AFA@7E *G<7F7 5;@F3E EG7>F3E
67>3@F3>7E 5AD67>7E 7F5
 %A E7CG7 67?3E;36A BD7@63E
67 8[5;> 5G;636A NJ;EF7 7>
B7>;9DA CG7 E7 3DDG9G7@ 7<7
CG7 7EF3E BD7@63E E7 E7CG7@
3>
3;D7 >;4D7
 %A B>3@5:7 >3 DAB3
;@?76;3F3?7@F7 67EBG_E 67
E753D>3 7<7 >3 DAB3 3B;>363
BAD G@ ?A?7@FA 7 7EF3
?3@7D3 E7 6;EFD;4GK7 67 ?A6A
B3D7<A >3 :G?7636
 +D343<AE 67 BG@FA B 7<
53?;E3E BD7@63E 67 <7DE7K
?G5:3E H757E 7@5A97@
5G3@6A E7 >3E E753 BAD BD;?7D3
H7L %A GF;>;57 7> BDA9D3?3
O-7DK 6DK
JFD3 6DKQ ?GK
E75A
7JFD3 E75A


'3:3117U< 23: >@=5@/;/
'3D3 G@ E7536A dBF;?A EG E7536AD $@=5@/;/A <271/2=@ 23 3AB/2=
A8D757 6;H7DEAE 9DGBAE 67
BDA9D3?3E K AB5;A@7E 36;5;A@3>7E
B3;>=@7H/2=A 23: >@=5@/;/
> E7536AD GF;>;L3 G@ E;EF7?3
*7>755;A@7 7> BDA9D3?3 67 E7536A
67
E79G;?;7@FA B3D3 FA6AE >AE
@757E3D;A 67 >3 F34>3 67 35G7D6A
BDA9D3?3E 7J57BFA >AE BDA9D3?3E
5A@ >AE 7<7?B>AE H7D B[9;@3 
67 F;7?BA ,@ E7@EAD 67 :G?7636
5A@FDA>3 B7D?3@7@F7?7@F7 7>
$@=5@/;/A 9D36A
67 :G?7636 67 >3 DAB3
/CB=;OB71=A >
E7536A
5A@5>GK7 ;@?76;3F3j
?7@F7 7@ 5G3@FA E7 >A9D3 7> 9D36A
3K 6;H7DEAE BDA9D3?3E #AE BDA9D3?3E 67 F;7?BA F;7@7@
67 :G?7636 3<GEF36A
3GFA?[F;5AE B3D3 >AE 6;87D7@F7E G@3 6GD35;d@ 7EB75a8;53    
F;BAE 67 F7JF;>7E )79G>3D
AFFA@  A  ?;@GFAE
%AD?3>
3>9A6d@ A '7D?3@7@F @ >3 7F3B3 67 O;D 8>G88Q EG3H;L36A
BD7EE 7EF3?B36AE 3 3;D7 7> E7536AD 8G@5;A@3 BAD

?;@GFAE 5A@ 3;D7 67> ?76;A
&35C:/@ =BB=< "=@;/: /:5=2U<
3?4;7@F7 K E;@ EG?;@;EFDA 67 53>AD
#>17=<3A
> 7EF36A 35FG3> 67 E7536A K 7>
@;H7>
>A9D36A E7 H;EG3>;L3@ 3 FD3H_E
67 G@ ;@6;536AD >G?;@AEA 6DK;@9
E7536A 63?B 6DK :g?76A
D79G>3D 6DK E7536A ?76;A ID;@=>7
$3@;/<3<B $@3AA AB/;>/2=A 4>A5=
7@6 3@F;3DDG93
8;@

3:71/B3A &=>/ 47</

'D7E;A@7 7> 4AFd@ 3:71/B3A DAB3
8;@3 B3D3 FD3F3D BD7@63E E7@E;4>7E
3
>3 F7?B7D3FGD3 +7@93 7@ 5G7@F3
>3E ;@8AD?35;A@7E 67 5G;636A
C<17U< 23 B73;>=
>@=5@/;/2=
'G767 BDA9D3?3DE7 G@ D7FD3LA B3D3
7> 5A?;7@LA 67> BDA57EA 67 E7536A
> 3H3@57 67 >AE BDA9D3?3E
3GFA?[F;5AE E7 5A@FDA>3 3 FD3H_E
67
E7@EAD7E #3 6GD35;d@ 67
>AE
BDA9D3?3E 67B7@67 67> 9D36A
67
:G?7636 ?76;6A 7@ >3 DAB3
K
67> 9D36A 67 :G?7636
E7>755;A@36A B 7< :g?76A
E75A
A 7JFD3 E75A
A
>AE
Ea?4A>AE EA4D7 >3E BD7@63E 67 :3EF3  :AD3E EF7 F;7?BA
*7 D76G57 >3 F7?B7D3FGD3 K E7 BG767 3<GEF3DE7 7@ B3EAE 67 G@3
BDA>A@93 7> F;7?BA CG7 6GD3 7> :AD3
BDA57EA 67 E7536A
'75</: '3T/:
*G E7536AD >7 E7c3>;L3 7> 5A?;7@LA
K >3 8;@3>;L35;d@ 67> BDA9D3?3
67
E7536A E; 7EF[ 355;A@36A 7>
BG>E36AD 67 '75</:
-7D M'DA9D3?3D 7> F7?BAD;L36AD 7@
>3 B[9;@3 


(/0:/ 23 A3:3117U< 23 >@=5@/;/A 
,)#,'- /.)'<.%)-
#+<+ +619.S8 C <9:+ ./ -969< 2/-2+ ./ +619.S8 9 6389 6!#/&,)..)(8
#</=398/ F/63-+>/=H <9:+ 038+ :+<+ <9:+ =/8=3,6/ + +6>+= >/7:/<+>?<+= #<91<+7+ +?>97K>3-9
, ,)* +/!

%K,+8+= 7+8>/6/= C >9+66+=

./,/ :6+8-2+<=/ +7: .<C
%K,+8+= 7+8>/6/= C >9+66+= -+73=+= -+73=+= ./:9<>3@+= <9:+ ./ ><+,+49
+73=+= -+73=+= ./:9<>3@+= ><+4/= :+8>+698/= <9:+ ./ ><+,+49 / 38>/<39<
&9+66+= ./ <3D9 </:+=+.9</= C >9+66+= ./ 7+89 =K,+8+= <9:+ 38>/<39< ;?/ 89 ./,/ :6+8-2+<=/ $/1?6+< .<C
=9;?/>/= ./ +619.S8
&9+66+= ./ <3D9 </:+=+.9</= C >9+66+= ./ 7+89 =K,+8+= <9:+ 38>/<39< ;?/ 89 ./,/ :6+8-2+<=/ 1<?/=9= (/<C .<C
=9;?/>/= ./ +619.S8 7?6>3-+:+
%+63.+= ./ ,+R9 ./ <3D9 C =K,+8+= ./ <3D9 :+<>3-?6+<7/8>/ 1<?/=+= B><+ .<C
9
7?6>3-+:+
$9:+ ./ 0K-36 -?3.+.9 =38 -/8><30?1+< ./ 03,<+ =38>N>3-+ 9 7/D-6+ +619.S8 -98 :963N=>/< 6!,'(!(. ,!--8  -.'* )-
#</=398/ /6 ,9>S8 F/63-+>/=H :+<+ :</8.+= /B></7+.+7/8>/ =/8=3,6/= + +6>+= >/7:/<+>?<+= #<91<+7+ +?>97K>3-9
, ,)* +/!

#+8>+698/= @/=>3.9= 0+6.+= -+73=+= ;?/ ./,/ :6+8-2+<=/ +7: .<C

#+8>+698/= @/=>3.9= 0+6.+= C -+73=+= ,6?=+= @+;?/<9= <9:+ ./:9<>3@+ ;?/ 89 8/-/=3>+ :6+8-2+.9 9 =969 31/<+7/8>/ =/-9
-98 ?8 -98>/83.9 -98=3./<+,6/ ./ 03,<+ =38>N>3-+ :6+8-2+.9 631/<9
+73=+= ,6?=+= <9:+ ./:9<>3@+ ;?/ 89 ./,/ :6+8-2+<=/ $/1?6+< .<C
%K,+8+= C 7+8>/6/= ./ 6389 -96-2+= 0<+D+.+= ;?/ 89 ./,/ :6+8-2+<=/ 1<?/=9= (/<C .<C
7?6>3-+:+
,)#,'- .!'*),%4 )- 6%!'*) ! -! )8
#</8.+= -/8><30?1+.+= -98 ,+49 -98>/83.9 ./ 2?7/.+. :</8.+= :/;?/R+= -979 >9+66+= ./ ,+R9 <9:+ ./ ,+R9
</:+=+.9</=
#+<+ /6 -+=9 ./ ?8+ -+<1+ 7P837+ ./  6,= +   6,=   51 +  51 /=>9 /= ?8+ >9+66+ :/;?/R+ ./,/
=/6/--398+<=/ ?8 :<91<+7+ ./ =/-+.9 >/7:9<3D+.9
#</=398/ /6 ,9>S8 F/63-+>/=H <9:+ 038+ :+<+ ><+>+< :</8.+= =/8=3,6/= + 6+ >/7:/<+>?<+
 #+<+ +619.S8 C <9:+ ./ -969< 2/-2+ ./ +619.S8 9 6389      738
 &/B>36/= =/8=3,6/= + +6>+= >/7:/<+>?<+=      738
$/0</=-+.9 9 @/8>36+-3S8 ./ :</8.+= -98 :9-9 ?=9 C =/-+.9 ./ >/B>36/= 7?C ./63-+.9= 3< 06?00 =?+@3D+< + +3</
#+<+ >9.9= 69= >3:9= ./ :</8.+= 38-6?C/8.9 197+ /=:?7+ : /4 +6792+.+= +837+6/= ./ :/6?-2/
:6K=>3-9
:
/4
-9<>38+= ./ ,+R9 7+8>/6/= 197+ 8C698 :?<9 :963:<9:36/89


C<17=</;73<B=
)A= 23: A31/2=@ E79gD7E7 CG7 :3K3 EA>3?7@F7
DAB3 7@ 7> F3?4AD A@FDA>7
CG7 FA63E >3E BD7@63E 7EF_@
5A?B>7F3?7@F7 67@FDA 67>
F3?4AD
 ;7DD7 >3 BG7DF3
i *; >3 BG7DF3 @A 8G7 57DD363
0 ;D7 7> E7>75FAD 67 5ADD75F3?7@F7 7> E7536AD @A
BDA9D3?3E 3 O+;?7 6DK
?;@Q 3DD3@53D[

 4D3 >3 BG7DF3

 *; :357 83>F3 E7>755;A@7

O&BF;A@Q BD7E;A@3@6A 7>
4AFd@  'D7E;A@7 7> 4AFd@ 'B/@B *7
#3E O&B5;A@7EQ E7 7JB>;53@ 7@5;7@67 >3 >GL ;@6;536AD3 #<
7>
>3 B[9;@3  i > BDA9D3?3 5A?;7@L3 5A@
 A@FDA>7 7> 8;>FDA
> 8;>FDA 6747 >;?B;3DE7 3@F7E G@3
E7c3> 35gEF;53 E; 3Ea 8G7
K
67EBG_E 67 5363 BDA57EA 67 3<GEF36A
E7536A ,@ 8;>FDA >;?B;A D76G57 *; E7 :3 E7>755;A@36A G@ BDA9D3?3
7> F;7?BA 67 E7536A K 3:ADD3 7EF[@63D E7 7@5;7@67 >3 >GL
7@7D9a3 ;@6;536AD3 H;EG3>;L3@6A 7> BDA9D7EA
67> BDA9D3?3

 A>ACG7 >3 DAB3 7@ 7> F3?4AD

H35aA A>ACG7 5363 BD7@63
BAD E7B3D36A 7@ 7> ;@F7D;AD 67
 / ;D7 7> E7>75FAD 67 >3
?[CG;@3
BDA9D3?3E 3> BDA9D3?3
'3D3 G@ D7EG>F36A dBF;?A
67E736A
6747
E7B3D3DE7 >3 DAB3 7@ i > 8;@3>;L3D 7> BDA9D3?3 EG7@3
*7>755;A@7E 7> BDA9D3?3
8G@5;d@ 67
EG F;BA K 7> 9D36A 67 G@3 E7c3> 35gEF;53 E; 3Ea
CG7
5ADD7EBA@63 3 >3 DAB3
:G?7636 D7E;6G3> 67E736A 7EFGH;7D7 3<GEF36A K E7
5A>A5363 7@ 7> E7536AD
'3D3 ?[E ;@8AD?35;d@ 5A@EG>F7 7@5;7@67 7> # OID;@=>7
67
>3
F34>3 5ADD7EBA@6;7@F7
>3 B[9;@3
 4A5=
7@6Q 3@F;B>79G7E
8;@
H7D
B[9@3 
i +7@93 7@ 5G7@F3 >AE Ea?4A>AE
= B3D3 7> E7536A 67 >3 DAB3
5A>A536AE BAD 7> 834D;53@F7

i C<17U< /<B7>:735C3A i *; >3 BD7@63 3g@ BD7E7@F3 G@3

,@3 H7L CG7 7> BDA57EA :G?7636 D7E;6G3> 67EBG_E 67>
67
E7536A :3 8;@3>;L36A E7536A
7>
BDA9D3?3 A 7> BDA9D3?3
 3DD3@CG7 @G7H3?7@F7 7>
67
F;7?BA :3@ 5A@5>G;6A
BDA9D3?3 K
7>
F3?4AD 9;D3 7@ ;@F7DH3>AE
7EB75a8;5AE 6GD3@F7  :AD3  D76GL53 >3 6GD35;d@ 67>
EFA 7H;F3 CG7 >3 DAB3 E7 E7536A 67B7@6;7@6A 67>  'D7E;A@7 'B/@B 7< D7B7F;63E
3DDG9G7 #3 DAB3 B7D?3@757 9D36A 67 :G?7636 D7E;6G3> H757E :3EF3 CG7 E7 H;EG3>;L3
8>A<3 K ?G>>;63 :3EF3 CG7 E7 7>
H3>AD CG7 67E73
>3
D7F;D3 67> E7536AD 5@35/@ @=>/  'D7E;A@7 7> BG>E36AD 'B/@B
747 CG;F3DE7 >3 DAB3 3@F7E  4D3 >3 BG7DF3 B3D3
?7?AD;L3D 7> F;7?BA
CG7 7EF7 F;7?BA 8;@3>;57 > 5;5>A 67 E7536A E7 B3D3 K
5A?7@L3D 5A@ >3 5G7@F3
D79D7E;H3
 9D79G7 A CG;F7 >3 DAB3 A?;7@L3 3:AD3 >3 5G7@F3
 ;7DD7 >3 BG7DF3 675D75;7@F7 67> F;7?BA
 *7>755;A@7 AFDA BDA9D3?3 E; 3<GEF36A > BG@FA CG7 E7
:357 83>F3 GF;>;L3@6A 7> E7>75FAD 7@5G7@FD3 7@ 7> 6;EB>3K
5ADD7EBA@6;7@F7 H7D >3 F34>3 57@F7>>73 #3 ;@6;535;d@ 67>
67
BDA9D3?3E 7@ >3 B[9;@3  F;7?BA 675D757 7@ B3EAE
:35;3 367>3@F7 67

:
 ;D7 7> E7>75FAD 67 BDA9D3?3E  'D7E;A@7 7> 4AFd@ 'B/@B #3 BG7DF3 BG767 34D;DE7 7@
3
>3 BAE;5;d@ O&88Q *7 7@5;7@67 7> ;@6;536AD 5G3>CG;7D ?A?7@FA EFA @A
#3 >GL ;@6;536AD3 E7 3B393 >G?;@AEA #< 3875F3D[ 7> D7FD3LA 3<GEF36A
>
6;EB>3K 57@F7>>73 > BDA9D3?3
5A@F;@G3 5G3@6A 5;7DD7 >3 BG7DF3
$@=5@/;/2= K
355;A@7 7> BG>E36AD 'B/@B
23:
B3;>=@7H/2=@
'G767 4ADD3DE7 A ?A6;8;53DE7
'G767 D7FD3L3DE7 7> BDA9D3?3 :3EF3 7>
D7FD3LA 7@ 5G3>CG;7D ?A?7@FA
7@  :AD3E
 ;D7 3: A3:31B=@ 23 >@=5@/;/A
<GEF7 7> F7?BAD;L36AD 5A?A E;9G7 3 O&88Q 53@57>3 7> F;7?BA
 *7>755;A@7 7> BDA9D3?3 BDA9D3?36A
67E736A GF;>;L3@6A 7> A3:31B=@  *7>755;A@7 7> BDA9D3?3 CG7
 4D3 >3 BG7DF3 23 >@=5@/;/A @757E;F3 GF;>;L3@6A 7> A3:31B=@

 *3CG7 >3 DAB3 67> E7536AD  'D7E;A@7 7> 4AFd@ 'B/@B 7< 23 >@=5@/;/A
< 3: 27A>:/G A3 D7AC/:7H/
6  'D7E;A@7 7> BG>E36AD 'B/@B
 #;?B;7 7> 8;>FDA
> 8;>FDA 6747 >;?B;3DE7 67EBG_E K
3<GEF7 AFDA F;7?BA E; 8G7D3
67 5363 BDA57EA 67 E7536A @757E3D;A H7D 3DD;43
,@ 8;>FDA >;?B;A D76G57 7> F;7?BA
67 E7536A K 3:ADD3 7@7D9a3

i > 6;EB>3K 57@F7>>73 :3EF3 CG7

E7 BD7E;A@3 'B/@B A E7 9;D3 7>
A3:31B=@ 23 >@=5@/;/A 3
O&88Q

 ;7DD7 >3 BG7DF3


 7;>73H/ G 1C72/2=
7;>73H/ 23: A31/2=@ 7;>7/@ 3: A3<A=@
23
6C;32/2
d $ &# d ?4AE E7@EAD7E 67 :G?7636
I$ &# 
,$ #'#"' 6747@ >;?B;3DE7 BADCG7 E7 :3
%G@53 GF;>;57 EA>H7@F7E A >aCG;j 8AD?36A G@ 67BdE;FA 67>936A
K
FD3@EB3D7@F7 EA4D7 >AE E7@EAD7E
6AE 3>F3?7@F7 ;@8>3?34>7E B3D3
> 67BdE;FA BG767 7>;?;@3DE7
>3 >;?B;7L3
8[5;>?7@F7 8D793@6A 7> E7@EAD
?76;3@F7 G@ B3cA K G@
BA5A
 (G;F7 7> 8;>FDA 67
H;@39D7 4>3@5A
d )# d N,F;>;57 EA>3?7@F7 H;@39D7 4>3@5A
#;?B;7 >AE E7@EAD7E G@3 H7L 3> ?7E
,@3 >;?B;7L3 ;@5ADD75F3 BG767
63c3D 7> E7536AD %A >;?B;7 #AE E7@EAD7E 67 :G?7636 E7
5A@
5:ADDA 67 39G3 3 BD7E;d@ 7@5G7@FD3@ EA4D7 >AE 43F;6AD7E
67@FDA 67> F3?4AD
%A
GF;>;57 397@F7E 39D7E;HAE
A
>;?B;36AD7E ?G>F;GEA
%A
GF;>;57
>;?B;36AD7E 3 H3BAD
D;79G7 >3 53D53E3 K 7> 8D7@F7
5A@
G@
B3cA EG3H7 K 39G3 5A@  (G;F7 >3E B7>GE3E B3E3@6A
<34d@ >3
?3@A EA4D7 7> 8;>FDA
D;79G7 7> F3?4AD >3 <G@F3 67 >3 > 8;>FDA 6747 35>3D3DE7 G@3 H7L 3>
BG7DF3 K 7> ;@F7D;AD 67> ?;E?A 3cA 43<A G@ 5:ADDA 67 39G3 F;4;3
EA>3?7@F7 5A@ G@ B3cA :g?76A 747D[ E75[DE7>A 5ADD75F3?7@F7
3@F7E 67 HA>H7D 3 5A>A53D>A 7@ EG
7;>7/@ 3: 47:B@= >/@/ >G93D
>3:CA/A  A>ACG7 7> 8;>FDA
,@ 8;>FDA EG5;A ;@5D7?7@F3 7> F;7?BA  ;7DD7 >3 BG7DF3
67 E7536A K 3G?7@F3 7> 5A@EG?A
67 7@7D9a3 7;>7/@ 3: BC0= 23 /7@3
747 >;?B;[DE7>A 3@F7E K 67EBG_E 23 A/:72/
67 5363 BDA57EA 67 E7536A @EB755;A@7 K >;?B;7 >3 FG47Da3 67
 B39G7 7> E7536AD A>ACG7 7> 3;D7 67 E3>;63 5A?A ?a@;?A G@3 H7L
E7>75FAD 67 BDA9D3?3E 7@ O&88Q 3> 3cA B3D3 7H;F3D A4FGD35;A@7E
,@
FG4A 67 3;D7 67 E3>;63
B3D5;3>?7@F7 A4FGD36A BG767
d )# d BDA>A@93D >AE F;7?BAE 67 E7536A
#3 B3DF7 ;@F7D;AD 67 >3 BG7DF3 E7  ADF7 7> 5A@?GF36AD 67
53>;7@F3 6GD3@F7 7> BDA57EA 3>;?7@F35;d@
 4D3 >3 BG7DF3  7E5A@75F7 7> 7@5:G87 67
3>;?7@F35;d@
 7E5A@75F7 7> FG4A 67>
E7536AD
 -35a7 7> FG4A K HG_>H3>A
3
5A@75F3D


 =1/:7H/17U< 23 4/::=A
@F7E 67 >>3?3D 7> E7DH;5;A  ;D7 7> E7>75FAD 67 BDA9D3?3E
d $ &# d 3
5>;7@F7E 5A@FDA>7 >3 E;9G;7@F7 3
O&88Q
F34>3
NJ;EF7 D;7E9A 67 67E53D93E 7>_5j  ADF7 7> 5A@?GF36AD 67
FD;53E H7@FG3>7E D7B3D35;A@7E *; 7E @757E3D;A 7875FG3D 3>;?7@F35;d@
6747 7875FG3D>3E 7J5>GE;H3?7@F7 D7B3D35;A@7E K GEF76 @A BG767
 7E7@5:G87 >3 G@;636
G@ F_5@;5A 3GFAD;L36A 7>;?;@3D 7> 83>>A ?76;3@F7 >3 F34>3
E;9G;7@F7  #>3?7 3> E7DH;5;A B3D3 5>;7@F7E
5A@EG>F7 >3 B[9;@3

,)&!' /- *)-%&! !'! %)
6 =/-+.9< 89 +<<+8-+ 6 /8-2?0/ 89 /=>K -98/->+.9 9 38-9<</->+7/8>/ 98/->/ /6 /8-2?0/ -9<</->+7/8>/
!9 =/ /8-3/8./ /6 38.3-+.9< 6?7389=9 -98/->+.9
( %/ 2+ ;?/7+.9 ?8 0?=3,6/ ./ 6+ +637/8>+-3S8 +7,3/ 9 </:981+ /6 0?=3,6/
!9 /=>K :</=398+.9 /6 ,9>S8 .,. #</=398/ /6 ,9>S8 .,.
!9 0?/ =/6/--398+.9 :<91<+7+ +61?89 %/6/--398/ ?8 :<91<+7+
+ :?/<>+ 89 /=>K -/<<+.+ 3/<</ 6+ :?/<>+
+ >/7:/<+>?<+ +7,3/8>/ /=>K ./,+49 ./ ?7/8>/ 6+ >/7:/<+>?<+ ./6 +7,3/8>/
69=

°

°
6 =/-+.9< 89 +<<+8-+ 6 >3/7:9 6 >3/7:9 =/6/--398+.9 89 0?/ +67+-/8+.9 #</=398/ /6 :?6=+.9< .,. :+<+ 7/79<3D+< /6 >3/7:9
=/6/--398+.9 7/.3+8>/ .,. %( C -97/8D+< -98 6+ -?/8>+ </1</=3@+
-/8>/66/+ /8 /6 .3=:6+C
+ :?/<>+ =/ +,</ =96+ 6 :/<89 ./ ><+,+ 89 =/ 2+ /81+8-2+.9 #</=398/ 6+ :?/<>+ 2+=>+ ;?/ /=-?-2/ ;?/ /6 :/<89
./ ><+,+ ;?/./ /8 =?= 6?1+< 7/.3+8>/ ?8 -63-
?/ 38>/<<?7:3.9 /6 :<91<+7+ 6 036><9 :+<+ :/6?=+= /=>K =?-39 37:3/ /6 036><9 :+<+ :/6?=+= =/1U8 =/ ./=-<3,/
/8
:K138+ 
:+1?/ C @?/6@+ + /8-/8./< /;?3:9
6 >?,9 ./ +3</ ./ =+63.+ /=>K 9,=><?3.9 37:3/ /6 >?,9 ./ +3</ ./ =+63.+ $/.?D-+ 6+ 69813>?.
9
/=
./7+=3+.9 6+<19 ./6 >?,9 ./ =+63.+ ./ +3</ + ?8 6+<19 7KB379 @/<
:K138+ 
:+1?/ C @?/6@+ + /8-/8./< /;?3:9
<<9< /8 /6 ./=+<<9669 ./6 :<91<+7+ 9 0+669 /8 :+1?/ /6 =/-+.9< .N4/69 /80<3+< :9<  738?>9=
6+
7K;?38+ C
@?/6@+ + /8-/8./<69
+1+ +<<+8-+< 8?/@+7/8>/ /6 :<91<+7+
6 +7,3/8>/ 9 1+,38/>/ 89 :9=// 6+ @/8>36+-3S8 #<9@/+ ?8 +--/=9 ./ +3</ 0</=-9 =?03-3/8>/
=?03-3/8>/ :+1?/ C @?/6@+ + /8-/8./< /;?3:9


,)&!' /- *)-%&! !'! %)
!9 =/ 2+ 691<+.9 /6 1<+.9 ./ 2?7/.+. =>K =?-39 /6 =/8=9< ./ 2?7/.+. 37:3/ /6 =/8=9< ./ 2?7/.+. =/1U8 =/ ./=-<3,/ /8
./=/+.9 9 /6 >3/7:9 ./ =/-+.9 /= 6+ :K138+  :+1?/ C @?/6@+ + /8-/8./< /6 /;?3:9
./7+=3+.9 6+<19
6 >?,9 ./ +3</ ./ =+63.+ /=>K 9,=><?3.9 37:3/ /6 >?,9 ./ +3</ ./ =+63.+ $/.?D-+ 6+ 69813>?.
9
/=
./7+=3+.9 6+<19 ./6 >?,9 ./ =+63.+ ./ +3</ + ?8 6+<19 7KB379 @/<
:K138+ 
:+1?/ C @?/6@+ + /8-/8./< /;?3:9
6 036><9 :+<+ :/6?=+= /=>K =?-39 37:3/ /6 036><9 :+<+ :/6?=+= =/1U8 =/ ./=-<3,/
/8
:K138+ 
:+1?/ C @?/6@+ + /8-/8./< /;?3:9
+ <9:+ /=>K ./7+=3+.9 794+.+ /8><30?1?/ 6+ <9:+ + 7+C9< @/69-3.+. /8 6+ 7K;?38+
./ 6+@+< :+1?/ C @?/6@+ + /8-/8./< /6 /;?3:9
%/ 2+ =/6/--398+.9 ?8 :<91<+7+ 89 +.73=3,6/ %/6/--398/ /6 :<91<+7+ -98 +C?.+ ./ 6+ >+,6+
-9<</=:98.3/8>/ @/< :K138+  :+1?/ C @?/6@+
+
/8-/8./< /6 /;?3:9
%/ /B-/./ /6 >3/7:9 ./ =/-+.9 7KB379 37:3/ /6 036><9 :+<+ :/6?=+= @/< :K138+  
98><96/ 6+ =+63.+ ./ +3</
/8><30?1?/ 6+ <9:+ + 7+C9< @/69-3.+. /8 =?
6+@+.9<+
6 79>9< 2+ /B-/.3.9 6+ >/7:/<+>?<+ 7KB37+ :+1?/ /6 =/-+.9< .N4/69 /80<3+< :9<  738?>9=
C
@?/6@+ + /8-/8./<69 +1+ +<<+8-+< /6 :<91<+7+

'&*# *; F;7@7 BDA4>7?3E K @A 7EF[ +3@FA 7@ 53EA 67 7E5D;4;D A 67

G
&$&#"'
d )# d
)# k 67@F;8;CG7 FA6AE
>AE 534>7E 3@F7E 67 67E5A@75j
F3D>AE 5G3@6A E7 7875Fg3@
FD343<AE 67 E7DH;5;A DDAD7E 7@
7>
534>736A BG767@ 53GE3D
G@
8G@5;A@3?;7@FA ;@5ADD75FA
K
B7>;9DAEA A@FDA>7 7> 5ADD75FA
8G@5;A@3?;7@FA 67EBG_E 67
G@
E7DH;57 EA>G5;A@36A 3 EG E3F;E8355;d@
> E7536AD @A D7CG;7D7 67 AFDAE
5G;636AE 7EB75;3>7E 3B3DF7 67
3CG7>>AE 7EB75;8;536AE ?[E 3DD;43 * A?7 BB>;3@57E
5A@8AD?3 5A@ 7> E7DH;5;A D75;4;6A
 'D;?7DA DA93?AE BA@7DE7
7@
5A@F35FA 5A@ EG ;@EF3>36AD
A
4;7@ 7> E7DH;5;A 3GFAD;L36A K
5A@FD3F36A AE5: 67 EG LA@3
7JB>;53@6A 3 CG7 E7
6747 EG
6;E5A@8AD?;636 EFA
@AD?3>?7@F7 EA>G5;A@3
7>
BDA4>7?3 
 *; 67EBG_E 67> FD343<A D73>;L36A
BAD EG ;@EF3>36AD A F_5@;5A 67
E7DH;5;A 7> BDA4>7?3 @A :3 E;6A
:[93@AE>A E347D A 4;7@
7E5D;4;7@6A 3
>>3?3D 3E79gD7E7 67 ;@5>G;D A F7@7D
3 ?3@A >3 E;9G;7@F7 ;@8AD?35;d@
 %g?7DA 67 ?A67>A
 %g?7DA 67 E7D;7
 75:3 67 5A?BD3 AD;9;@3>
 75:3 7@ >3 5G3> :3 A5GDD;6A 7>
BDA4>7?3
JB>;535;d@ 67> BDA4>7?3
@ 53EA CG7 @AE 7E5D;43 DA93?AE
;@5>G;D F3?4;_@ G@ @g?7DA
F7>78d@;5A 6;GD@A K G@3 5AB;3 67 >3
835FGD3 67 5A?BD3
@5A@FD3D[ >3 ;@8AD?35;d@ D7EB75FA
67> @g?7DA 67 ?A67>A K 67 E7D;7
EA4D7 >3 5:3B3 67 53D35F7DaEF;53E
 $5 3667@ H7 G4;5363 7@ 7> ;@F7D;AD 67> B3@7>
i *; F;7@7 G@ BDA4>7?3 5A@ EG G@F;@9FA@ 735:  
 8DA@F3>
E7536AD 3@F7E 67 >>3?3D 7>
E7DH;5;A 3 5>;7@F7E 5A@EG>F7 >3 & 4;7@ >>[?7@AE 3
F34>3 7@ B[9;@3  X

XX

*; E7 :357 @757E3D;A G@ E7DH;5;A
Bd@93E7 7@ 5A@F35FA 5A@ EG
H7@676AD ;@EF3>36AD G AFDA 57@FDA
67 E7DH;5;AE 3GFAD;L36A %A ;@F7@F7
D7B3D3 7> 7>75FDA6A?_EF;5A GEF76
?;E?A G3>CG;7D FD343<A D73>;L36A
BAD B7DEA@3> @A 3GFAD;L36A :3D[
536G53D >3 93D3@Fa3


 &M"  &"(L $&
'#&' $& &#$ #'
#3E 93D3@Fa3E 4D;@6363E BAD * H7@6;6AE 3> 5A@EG?;6AD 8;@3> ,@;6AE A 3@36[
A?7 BB>;3@57E OAE5:Q BAD
AE5: A EGE 5A?7D5;3@F7E #3E
93D3@Fa3E
3CGa 67E5D;BF3E
7@
7EF3
675>3D35;d@ EA@ 3B>;534>7E 3GFAD;L36AE D7H7@676AD7E A @A
EA@ FD3@E87D;4>7E
g@;53?7@F7 3 E7536AD7E AE5: 57@FDAE 67 E7DH;5;A 7@ >AE EF36AE

:  


9

&(!- ! & #,(.?
7:63+ 1+<+8>P+ 6373>+.+ + ?8 +R9 9=-2 =/ 2+<K -+<19 63,</ ./ -9=>9= ./ 6+ </:+<+-3S8 9 <//7:6+D9 ./
+ :+<>3< ./ 6+ 0/-2+ ./ 38=>+6+-3S8  -?+6;?3/< -97:98/8>/ ;?/ :</=/8>/ ./0/->9= /8 -98.3-398/= ./ ?=9
.973-363+<39 89<7+6 38-6?C/8.9 69= -9=>9= ./ 7+89 ./ 9,<+ C ><+8=:9<>/
+ </:+<+-3S8 -?,3/<>+ :9< 6+ 1+<+8>P+ ./,/<K /0/->?+<=/ /8 ?8 /8><9
./
%/<@3-39 ?>9<3D+.9 9=-2
+<+8>P+ 6373>+.+ + +R9= 9=-2 :<9@//<K :3/D+= ./ </-+7,39 63,</ ./ -9=>9= :+<+ -?+6;?3/<
+ :+<>3< ./ 6+ 0/-2+ ./ 38=>+6+-3S8  -97:98/8>/ ;?/ :</=/8>/ ./0/->9= /8 -98.3-398/= ./ ?=9 .973-363+<39
89<7+6 /B-6?C/8.9 69= -9=>9= 7+89 ./ 9,<+
+<+8>P+ 6373>+.+ + -97:98/8>/= /6/-><S83-9= :9< +R9= 9=-2 =/ 2+<K -+<19 63,</ ./ -9=>9= ./ 6+ </:+<+-3S8 9 <//7:6+D9
+ :+<>3< ./ 6+ 0/-2+ ./ 38=>+6+-3S8  ./
:6+-+= ./ 73-<9:<9-/=+.9</= 9 37:</=+= ;?/ :</=/8>/8 ./0/->9=
/8
-98.3-398/= ./ ?=9 .973-363+<39 89<7+6 -97/8D+8.9 /8 6+ 0/-2+
./
=?
:<37/<+ 38=>+6+-3S8 /B-6?C/8.9 -9=>9= ./ 7+89 ./ 9,<+
+<+8>P+ 6373>+.+ :9< +R9= +6 79>9< 9=-2 =/ 2+<K -+<19 63,</ ./ -9=>9= ./ 6+ </:+<+-3S8 9 <//7:6+D9
+ :+<>3< ./ 6+ 0/-2+ ./ 38=>+6+-3S8  ./
>9.9 79>9< 9 -97:98/8>/ ./6 73=79 ;?/ :</=/8>/ ./0/->9= /8
-98.3-398/= ./ ?=9 .973-363+<39 89<7+6 + :+<>3< ./ 6+ 0/-2+ ./ =? :<37/<+
38=>+6+-3S8 /B-6?C/8.9 -9=>9= ./ 7+89 ./ 9,<+
 + 0/-2+ ./ 38=>+6+-3S8 =/ </03/</ 9 ,3/8 + 6+ 0/-2+ ./ 38=>+6+-3S8 ./6 =/-+.9< :<9:3+7/8>/ .3-2+ 9 + .3/D .P+= 2K,36/= + :+<>3< ./ 6+ 0/-2+ ./
/8></1+

F1:CA7=<3A K
7>75FD;5;636 AEFAE 67 ?3@A %+)&  *)-  & &*

67
A4D3 BDA6G5;6AE BAD >3 $* )%& & ##$) #
EF3 93D3@Fa3 @A 5G4D7 >>3?363E D7B3D35;d@ A D77?B>3LA 67 >AE   & *)  ) 
67
E7DH;5;A A D7B3D35;A@7E B3D3 E7536AD7E 67EBG_E 67 G@ B7DaA6A
5ADD79;D >3 ;@EF3>35;d@ 67> E7536AD 67 G@ 3cA 3 B3DF;D 67 >3 875:3 67 * &$ ''# %*
EG?;@;EFD3D ;@EFDG55;A@7E ;@EF3>35;d@ BG767@ @A 7EF3D &)' 
 $ %
D787D7@F7E
3> GEA 67> ?;E?A 5G4;7DF3E BAD 7EF3 93D3@Fa3 +A63E -%, ,%+ %+&% 
D77?B>3L3D 8GE;4>7E 6A?;5;>;3D;AE K
5363 G@3 67 >3 B;7L3E D7B3D363E   
A
D7B3D35;A@7E 67 B>A?7Da3 K
A 53?4;363E 6747D[@ E7D
A
534>736A 7@ 7> 6A?;5;>;A 67> AD;9;@3>7E A 3GFAD;L363E 3 >AE 8;@7E
GEG3D;A A B3D3 D7B3D3D 5G3>CG;7D *Y)*  % ) #
67 3B>;535;d@ 67> B7DaA6A 67
E7536AD CG7 8G7 GE363 7@ 8AD?3 $&#&  *, *&)
93D3@Fa3 %+)& # $)&
6;87D7@F7 3 >3 @AD?3> A GEG3> #
%,$)&  *)  

# #0 *+ )%+V
3
>3
6A?;5;>;3D;3 6;5;A@3>?7@F7 
(, *  X% %&$)
-#
% #,)  +&
>3E 93D3@Fa3E BDAH;EF3E 7@ 7EF3 0
 ) X% # -%&)
&+)
)%+V $'#V +
675>3D35;d@ 7J5>GK7@ FA6A 67875FA &
/'#V + %#,0%&
A 63cA BDAH7@;7@F7 67 355;67@F7 #*
)%+V* $'#V +*
3>F7D35;d@ GEA ;@3675G36A 34GEA 
&$) # 1 X%
;@EF3>35;d@ ;@3675G363 FD343<AE 0
'+ +, ') ,*&*
67
E7DH;5;A @A 3GFAD;L36A ')+ ,#)* &* %&
;@8>G7@5;3E 7JF7D@3E ?[E 3>>[ 67 *,$ )R )*'&%* # 
>AE
3>53@57E 67 AE5: 5A?A #,% '&) W&*
8G79A ;@G@635;A@7E 8G7DL3 ?3KAD % %+#* & ) -&*
A ;@EF3>35;d@ 7@ 67E35G7D6A ') *&#  +) *)-  &*
5A@
D79>3E >A53>7E 67 B>A?7Da3 
)%+V  )  )* #



/80</=