!6 7.< B8 >..5 <. 0.72.<.7 >*7 1.< 484.7 *5; >*7 -. 6**5<23- ?.12; D67 B ..; 12 42/?B68@..;D67G6;4 A2 92G2; .; 8B;A B .992 A205;6@052 C<1292; C.; BD :.4;2A?<;R0<:=.0A
718=-;890*>. 2.:89 68.< = 5.<<.7 +< 52A 6;/
718=-;890*>. 2 88:>.:?*:6.7 -< @A29A B 6; !>.7 .7 6*07.<:87 0.,86+27..:- 27;<.55.7 -< @A29A B 6; =<86*<2;,1. 9:80:*66* ; -< @A29A B 6; )6=@ C< .BA<:.A6@052 =?<4?.::. @ %?<4?.::.A./29 .68:A 252B42; <=@9..; "2:
718=-;890*>. 31605A6;4 )<2/252; (*< <. -8.7 +23 ;<8:270.7 $C2;9.:= C2?C.;42; 2B?1605A6;4 C2?C.;42; 5*7<.7;.:>2,. R;B::2? 2; R;B::2? %*+.55.7 .7 <29; $;A1<<62; C2?D.?:2; 2; 4.?2; :2A 12 :.4;2A?<; )6=@ C< 12 :.4;2A?<; +922@ 42C<429A2 C6@ )6=@ C< 52A /?.12; 2; 4?6992; )..?A 0.82 2; 42/.
2.:89 68.< = 5.<<.7 !22@ 12G2 42/?B68@..;D67G6;4 G4CB9164 1< 9922; 1.; 8B;A B BD .==.?..A 4<21 2; C26964 /2162;2; 2D..? 12 42/?B68@..;D67G6;4 2; 52A 6;@A.99.A62R C<@05?63A 4<21 223A B 52A .==.?..A 1< ..; .;12?2; 1<2 12 42/?B68@..;D67G6;42; 2? 1.; /67 '88: 1.< 27+8=?.7 252.=>:2.7-.5234 */>8.:.7 %.8 52A .==.?..A B6A 2; C<2? 12 C2?=.886;4 <= 22; :6962BC?62;1296782 :.;62? .3 6A .==.?..A 6@ 4282;:2?8A 6;
'.25201.2-;H >88:;,1:2/<.7 27-.:.7 .7 -. 6*07.<:87 .<. 8>.7 6A .==.?..A 6@ .9922; C< 5B6@5
.;,1*-20. 8>.7-.=: 8/ -.=:-2,1<270 #<<6A 12 :.4;2A?<; 42/?B682; D.;;22? 12 270 (A29 52A .==.?..A ;<<6A /9<85-8.7-. :.2720270 2A .==.?..A ?2429:.A64 ?26;642; 67 22; <;C<91<2;12 ?26;646;4 8.; 52A <==2?C9.8 D12; ..;42A.@A 2; 52A .==.?..A <= 12; 1BB? 1<?<2@A2; ? 8<:A 2;2?462 C?67 C.
'.25201.2-;27H ;<:=,<2.; >88: 1.< 0.+:=24 >*7 -. 6*07.<:87 .:.2-270 >*7 5.>.7;62--.5.7 *07.<:87>.:680.7 .7 H<23- $.:>2.; 2 :.4;2A?<; B6A@9B6A2;1 42/?B682; C< 12 /2?2616;4 C.; 92C2;@:611292; ;12?2 A<2=.@@6;42; 8B;;2; 42C..?9678 G67; 2; @05.12 C2?<
:*74.7 67 52A C2?D.?:2; C.; C9<26@A<3 8.; 2? 8<<8C2?A?.46;4 <;A@A..; 6A 5
!8:B*4.7 >*7 ;,1*-. *495**< 8/ *5=6272=6/852. 89 -. +8-.6 >*7 -. 8>.7 (05B63 422; /.8=9..A <= 12 /<12: C.; 12 .7 62A ;<<6A D.A2? 6; 12 52A2
&? 72.=?. *99*:**< 62? 922?A B BD ;62BD2 .==.?..A 82;;2; ,2 92442; B 12 D2?86;4 C.; 52A /2162;6;4@=.;229 :2A 12 @05.829..?@ 2; 6;160.A62@ B6A * 8?674A 6;388: 1.< 6*07.<:87H >.:680.7 6@=9.F 2; /2162;6;4@A<2A@2; ?..68;<= )<2A@2; C< 52A :.4;2A?<;C2?:<42; "2A 12 A<2A@2; @A29A B 52A 42D2;@A2 :.4;2A?<;R C2?:<42; 6; . E>>A 74C >=C3>>84= E0= 64E>4;864 64A427C4= .
=7,<2.4.=B.4789 "2A 12 3B;0A6282BG28;<= @A29A B 12 3B;0A62 2; 12 A2:=2?.ABB? 6; ,.;;22? B 12 3B;0A6282BG28;<= ;..? ?205A@ 1?..6A C2?@0567;2; 12 C2?D.?:6;4@:2A5<12; ;..? 96;8@ 12 =?<4?.::. @ $= 52A 16@=9.F G62A B 12 428
.-2.7270;<8.<;.7 .7 -2;95*A +>4CB 84A<44 E4A0=34AC D E0= A464; >? 74C C4:BCT38B?;0H +>4CB *=4;E>>AE4AT F0A<8=6S 84A<44 :D=C D 34 >E4= B=4; E>>AE4AF0A<4= +>4CB +893 84A<44 A>4?C D 34 306C893 >5 34 48=3C893 >? +>4CB $ 84A<44 :84BC D 44= <4<>AHT5D=2C84 +>4CB .4::4A 84A<44 :84BC D 34 5D=2C84 :4D:4=F4::4A T >=0570=:4;89: E0= 34 >E4= *C>?C>4CB 84A<44 ;00C D 34 >E4=5D=2C84 3>>A600= A4B? F8BC D 34 8=BC4;;8=6 *C0ACC>4CB 84A<44 BC0AC D 34 >E4=5D=2C84 $= 52A 16@=9.F 8B;A B 12 6;42@A2912 D..
'.:?*:6270;H 6.<18-.7 ? @A..; B C< 12 .7H .7 87-.:?*:6<. 62?/67 C2?@=?261A 12 D.?:A2 G605 C.; <;12? 2; /
.<.5=,1< 2; C2;6A9.A ..; 12 .05A2?8.;A C2?1229A 12 /
:255 45.27 62?/67 D1A .9922; 52A :61129@A2 1229 C.; 52A 4?699292:2;A 6;42@05.8291 2G2 C2?D.?:6;4@:2A5<12 6@ 42@0568A C< 8926;2 5<2C2295212; -< /2@=..?A B 2;2?462 %9..A@ 12 4?699@AB882; 6; 52A :6112; C.; 52A ?<<@A2? :255 0:88< 2A 425292 <==2?C9.8 <;12? 52A 4?699292:2;A D1A 522A * 8B;A :22?12?2 @A2.8@ D@A72@ C6@@2; <3 @;22A72@ /?<<1 4?6992; *70B**6 0*:.7 "2A !.;4G..: 4.?2; 6; 52A A2:=2?.ABB?/2?268 C.; I A.:?*:6.7 ; 52A /2?268 C.
(*:618=-.7 ; 52A /2?268 C.; I A.7 .7 <8.+.18:.7 2 A<2/252; 8B;;2; 6; C2?@056992;12 5<<4A2@ 6; 12
5*B.7 ;,1**5 ) +< 4?
'88: 1.< ..:;<. 0.+:=24 ; 16A 5<<31@AB8 C6;1A B .992@ D.A B :<2A 1<2; C<1.A B C< 52A 22?@A 4..A 8<82; !..A 12 88: 1.< <.4;<-2;95*A 42.B.
. 8>.7 89?*:6.7 & 0**< 12.:+23 *5; >850< <. ?.:4 $: 12 42B? C.; 52A ;62BD2 A2 C2?D6712?2; D.?:A B 12 9242 42@9
$.:>2.; .;,124< ;.:>2.; 2@0568A 6@ 56AA2/2@A2;164 @2?C62@ C.; 49.@ 49.@82?.:628 =@2926; 82?.:628 <3 A2:=2?.ABB?C.@A2 8B;@A@A<3 2G2 :.A2?6.92; 9.A2; :60?<4<9C2; 1< * 8B;A <<8 @2?C62@ C< 52A <=162;2; 42/?B682; -< 5<23A B 12 42?205A2; ;62A 2.; (2?C62@ C.; :2A..9 6@ ;62A 42@0568A "2A..9 9..
)8 ;<.5< = 27 2A :.4;2A?<;C2?:<42; C.; D.AA 8B;A B C< :.E6:..9 :6;BA2; 6;@A2992; 67 .992 .;12?2 C2?:<42;@ 6@ 22; A671@1BB? A
$<899.7 $C2;12B? <=2;2; 2 :.4;2A?<; D1A <;12?/?<82; 2 8<29C2;A69.A 8.; C2?12? 9<=2; ?B8 ;. 52A @9B6A2; C.; 12 12B? <=;62BD <= 12 @A.?AA<2A@ 2 3B;0A62 D1A C<
!>.7 27;<.55.7 * 5223A C2?@056992;12 :<4296785212; <: BD .7 6.< -. 1*7=2<;,1*4.5.7 9@ 52A 42?205A 89..? 6@ @05.829A B 12 .7 ;,1*4.5< *=<86*<2;,1 =2< * 8B;A 12 82B82; <<8 421B?2;12 9.;42?2 A671 C2?9.A2; . 8>.7 ?8:-< *=<86*<2;,1 27H .7 =2<0.;,1*4.5- * 8B;A 52A 42?205A /67C @ :42;@ 6; 12
"2A 12 3B;0A6282BG28;<= 12 42D2;@A2 A2:=2?.ABB? <3 @A.;1 6;@A2992; +1!*7 +* !-2 2 @A.?AA<2A@ 6;1?B882; +1!*7 +* !-2 -) &2<;,1*4.5.7 ,.;;22? 52A 42?205A 89..? 6@ AD22:..9 <= 12 @A<=A<2A@ 1?B882; <3 12 <=2;12B? <=2;2; 2; 22;:..9 <= 12 @A<=A<2A@ 1?B882; 2 A28@A <= 52A 16@=9.F D1A 42D6@A 7;<.55270 ?23B20.7 * 8B;A 12 A2:=2?.ABB? <3 12 4?699@A.;1 <= 298 42D2;@A :<:2;A C2?.;12?2; $<899.7 $C2;12B? <=2;2; 2 8<29C2;A69.A 8.; C2?12? 9<=2; ?B8 ;. 52A @9B6A2; C.; 12 12B? <=;62BD <= 12 @A.
. 8>.7 68.< *=<86*<2;,1 =2<;,1*4.5.7 (A29 6; C<942;@ 12 /2@05?67C6;4 /67 =B;A A
. 8>.7 ;,1*4.5< *=<86*<2;,1 27 .7 =2< * 8B;A <<8 22?@A 12 A671@1BB? 2; C2?C<942;@ 12 C2?D.?:6;4@:2A5<12 2; A2:=2?.ABB? 6;@A2992; (A29 :2A 12 1?..68;<= 12 A671@1BB? 6; 2; 1..?;. :2A 12 3B;0A6282BG28;<= 12 C2?D.?:6;4@:2A5<12 ?B8 <= 12 A<2A@ 2; D67G64 12 A2:=2?.ABB? (A.?A 12
2 @A.?AA<2A@ 6;1?B882; 2 6;@A2996;4 D1A .:*7-.:.7 2
$7.5 >88:>.:?*:6.7 62?:22 8B;A B 12 .:?*:6270;6.<18-.7
!>.7 .7 6*07.<:87 0.,86+27..:27;<.55.7 62?/67 D1A A24296782?A671 42/?B68 42:..8A C.; 22; C2?D.?:6;4@:2A5<12 2; 12 :.4;2A?<; * 8B;A 52A C2?:<42; C.; , ;62A 0<:/6;2?2; :2A 22; C2?D.?:6;4@:2A5<12 $= 52A 16@=9.F C2?@0567;A H#62A :<429678 * 8B;A :.E6:..9 16?2 :.4;2A?<;C2?:<42;@ 2; RA6712; 6;@A2992; :..? @9205A@ MM; C2?D.?:6;4@:2A5<12 2; A2:=2?.ABB? * 8B;A 22; A671@1BB? A.:?*:6270;6.<18-.7 )8 ;<.5< = 27 2 A<2A@ C< 52A 42D2;@A2 :.
(A29 :2A 12 1?..68;<= 12 42D2;@A2 A671@1BB? 6; 2 3B;0A6282BG28;<= ;..? ?205A@ 1?..62; A
2 @A.?AA<2A@ 6;1?B882; $= 52A 16@=9.F 8B;A B 52A C2?9<<= C.; 12 A671@1BB? .392G2; %- 0( /%!#-%((!* . <23-;-==: 2; */0.589.7 ? 896;8A 22; @64;..9 2
=<86*<2;,1. 9:80:*66* ; )8 ;<.5< = 27 "2A 12 .BA<:.A6@052 =?<4?.::. @ 8B;A B 5229 22;C
"2A 12 1?..68;<= 52A 42D2;@A2 42D605A 6;@A2992; 2 @A.?AA<2A@ 6;1?B882; $= 52A 16@=9.F 8B;A B 52A C2?9<<= C.; 12 A671@1BB? .392G2; !$ '/ %!,1-%!. !$ '/ %!,1-%!. . <23-;-==: 2; */0.589.7 ? 896;8A 22; @64;..9 2 2-=..5 **79*;;.7 ,.;;22? 52A /2?2616;4@?2@B9A..A ;62A C<942;@ B @:..
$<899.7 $C2;12B? <=2;2; 2 8<29C2;A69.A 8.; C2?12? 9<=2; ?B8 ;. 52A @9B6A2; C.; 12 12B? <=;62BD <= 12 @A.?AA<2A@ 2 3B;0A62 D1A C<
!7<-882.7 !2C2;@:611292; G< C9.8 :<429678 2; C2?12291 6; =
*:-*99.5; 2@056912 ..?1.==29@ ; @AB882; C.; 12G29312 4?<
'5..; '<@/623 22?@A /2?2612; :2A 12 8.;A C.; 52A C2A ;..? <;12?2; 2/?.12; ?B;1C922@ 8.93@C922@ 9.:@/.7;,18<.5; -2.9>:2.; %9..A@ 52A 42?205A 6; 22; C< 12 :.4;2A?<; 42@0568A2 C:2.; %.A.
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-+#- )) #-+!, -+#- )) !. $%'/! (!1!*.)% !(!* !2% $/. !!%' %* '# !-1%!. /+! !$+-!* %*. $0%"$++#/! T >64 B2700; <4C 34:B4; ABC 7>>6C4 !1+#!(/! 4;4 :8??4= E4AB *CD::4= :8? E4AB "8??4=?>C4= 70;E4 :8??4= T >64 B2700; <4C 34:B4; ABC 7>>6C4 "0;:>4=58;4C E4AB "0;:>4=58;4C I>=34A E4; T *2700; <4C 34:B4; ABC 7>>6C4 *86=00; E>>A 74C :4A4= 189 74;4 :8? =0 E0= 34 C893 *86=00; E>>A 74C :4A4= =0 34 L E0= 34 C893 (!!.
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.68:A "2A "2:
(A29 :2A 12 1?..68;<= 12 42D2;@A2 A671@1BB? 6; "2A 12 3B;0A6282BG28;<= 12 C2?D.?:6;4@:2A5<12 862G2; "2A 12 A<2A@ <8
2 A<2A@ "2:
2 @A.?AA<2A@ 6;1?B882; $= 52A 16@=9.F 8B;A B 52A C2?9<<= C.; 12 A671@1BB? .392G2; !/!(0 $/ . <23-;-==: 2; */0.589.7 ? 896;8A 22; @64;..9 2
*0<23#.1.A 52A .==.?..A C< 12 22?@A2 822? 6@ ..;42@9*7 +23> >*7 B86.:H 27 ?27<.
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)8 ;<.5< = 27 * 8B;A C2?@056992;12 A.92; 862G2; +</2291 )..9 D67G642; 6; #212?9.;1@ ;8292 @20<;12; <= 12 A<2A@ "2:.:*7-.:.
27-.:;58< $: A2 C<8<:2; 1.A 86;12?2; =2? <;429B8 12 .7 +5844.:.7 2 @A<=A<2A@ 2;8292 @20<;12; 6;1?B882; $= 52A 16@=9.F C2?@0567;A H 6;12?@9
(A29 :2A 12 1?..68;<= 12 42D2;@A2 D2882?A671 6; !''!- %*./!((!* 2 A<2A@ ,2882? 6;1?B882; $= 52A 16@=9.F 8B;A B 52A C2?9<<= C.; 12 A671@1BB? .392G2; . <23- 2; */0.589.7 ? 896;8A 22; @64;..9 2 A<2A@ ,2882? 6;1?B882; 2 A671 D1A <=;62BD D22?4242C2; (.44.:<23- >.:*7-.:.7 2 A<2A@ ,2882? 6;1?B882; "2A 12 1?..68;<= 12 A671 C2?.;12?2; 2; D22? <= 12 A<2A@ ,2882? 1?B882; 7;<.55270 ?2;;.7 2 A<2A@ ,2882? 6;1?B882; 2; C2?C<942;@ <= 12 @A<=A<2A@ 1?B882; ,.
'.25201.2-;=2<;,1*4.5270 "<05A B 22; 822? C2?42A2; G67; 12
99*:*<.7 6.< *5=6272=6 /:87< 2/?B68 22; :691 ?26;646;4@:61129 C< ?.:2; ,?673 :2A 22; G.05A2 G22: <3 22; ;62AR=9B6G2;12 :60?.7 ).5/:.2720.7-. 899.:>5*44.7 27 -. 8>.7 :.2720.7 2/?B68 422; 5.?12 @05BB?@=<;@72@ <3 .3D.@@=<;@72@ $C2;?26;646;4@=?<1B0A2; :.4 B .9922; <= 12 2:.69C9.882; C.; 12
#.2720270 >*7 -. 05*B.7 */;,1.:6270 **7 1.< 95*/87- >*7 -. 8>.7 .687<*0. * 8B;A 12 49.G2; .3@052?:6;4 ..; 52A =9.3<;1 C.; 12
882< -. 6*07.<:87H*7<.77. **7:*4.7 8/ :.2720.7 67 9605A2 C2?CB696;4 12 49.G2; .3@052?:6;4 .3D.@@2; :2A D.?: G22=@<= 67 @A2?82 C2?CB696;4 12 49.G2; .3@052?:6;4 2; 12 2:.6992; <==2?C9.882; 6; 12
#.2720270 >*7 -. 8>.7:=2<.7 * 8B;A 12
2 ?B6A 62A@ <=A6992; 2; C.; /.7 9*; 0.+:=24.7 ?*77..: -. :=2<.7 ?..: 7**: +.18:.7 B237 **70.+:*,1< /-2,1<270 %8.+.18:.7 2 1605A6;4 <= 12
(*< <. -8.7 +23 ;<8:270.7 (A6;42; D12; C..8 C2?<
/+-%*# +#!(%&'! ++-4 ' *2%&4%*# +,(+..
!>.75*69 >.:>*70.7 * 8B;A 12 850< <. ?.:4 A -282?6;4 6; 12 :2A2?8.@A B6A@05.8292; <3 12 ;2A@A2882? B6A 52A @A<=0<;A.0A 5.92; 2; A5221<28 6; 12 <;C2?D.?:12
.=:-2,1<270 >.:>*70.7 9@ 12 12B?1605A6;4 12320A 6@ :<2A 12G2 D12; C2?C.;42; +2?C.;42;12 .31605A6;42; G67; C2?8?674/..? /67 12 89.;A2;@2?C602 +2?:291 . B / 52A R;B::2? 2; 52A R;B::2? C.; BD .==.?..A $C2;12B? <=2;2; $B12 12B?1605A6;4 9<@A?2882; 2; C2?D6712?2; $= 12 12B?1605A6;4 G67; 5.82; /2C2@A641 "2A 12G2 5.82; 12 ;62BD2 1605A6;4 ..; 12 12B? C.; 12
5*7<.7;.:>2,. ,.;;22? BD .==.?..A 42?2=.?22?1 :<2A D12; @A..A <;G2 89.;A2;@2?C602 C< B 89..? 2A .1?2@ 2; A2923<<;;B::2? C.; 12 1605A@A/67G67;12 @2?C602162;@A C6;1A B 6; 52A A2923<<;/<28 $<8 12 ..;4242C2; @2?C602162;@A2; 8B;;2; B 529=2; ..; 22; @2?C602R.1?2@ /67 B 6; 12 /BB?A H7=66.: .7 H7=66.: 223 D.;;22? B 0<;A.0A <=;22:A :2A 12 89.;A2;@2?C602 .9A671 52A =?<1B0A;B::2? R;? 2; 52A 3./?60.42;B::2? R;? C.; 52A .==.?..A <= * C6;1A 52A AF=2=9..A72 :2A 12 ;B::2?@ 6; 12
%*+.55.7 .7 <29; 62? C6;1A B 22; 82B? ..; 42?205A2; 2; 12 1..?/67 /252;12 <=A6:.92 6;@A2996;42; * 8B;A ;.92G2; D298 :.4;2A?<;C2?:<42; D2982 C2?D.:6;4@:2A5<12 2; A2:=2?.ABB? 52A :22@A 42@0568A G67; C< BD 42?205A D2982 A<2/252; 2?/67 A2 42/?B682; G67; 2; <= D2982 5<<4A2 52A 162;A A2 D12; 6;42@05.:?*:6.7 .7 0*:.7 6.< -. 6*07.<:87 ; 12 C<942;12 A.
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