!




!


!
!
!


!!
!

!

 !
!


!

+BL DA+E;L %8++A1D3AL '+H3BL ++<L '+9&<0?367+L F+?H&;+I

93<0L 2D4A?&&*L +<L 7+?7F==?G+?>+<L 4<L 7=>+?
L +BL 0+2++8L
0++.BL 3<L H36<L F+?A(2+5*+<2+3*L +<L 7G&93B+3BL ++<L '+7<=>BL
=F+?H3(2BL F&<L *+H+L B=BL =>L 2+*+<L ;3<*+?L 0+&>>?+(3++?*+L
G+?7+<L*+?L 7D<AB<36F+?2+3*L &<L*+LF+?H&;+94<0LG+?*LB=BL
<=0L B=+L G+3<40L &&<*&)2BL 0+A(2=<7+<L '+2&8F+L F==?L *+L 3<L
LF+?A,2+<+<L (&B&8=0DA

 46<L *&<7L0&&BL*&<L==7L2++8L
3<L2+BL'36H=<*+?L<&&?L !G
L ?
L L &;'?+(2BA=D389+HL*3+L
;36L4<L*+L ;=0+94672+3*LAB+9*+L*+H+LF==?G+?>+<LB+L'+ABD*+I
?+<L +F+<&9AL F==?L *+L F@4+<*+8367+L D3B<=*303<0L =;L 4<L *+L
"+D?+<'+?0A+L G+?7>9&&BA+<L =<BAB&<+L ABD77+<L B+L '+A>?+I
7+<
L
+BL F+?F&&?*30+<L F&<L;+AA3<0LD3BL7=>+?L+<LH4<7+?BA+<L
+<L *+L '+G+?73<0L F&<L *+H+L 9+0+?3<0+<L B=BL 0+*++9B+8367 +<L
F=99+*30L&.0+G+?7B+L>?=*D7B+<L'9++.L8&<0+LB36*L'+>+?7BLB=BL
+<7+9+L>9&&BA+<L3<LD?=>&
L==?L*+L&&<G+H402+3*LF&<L?467+L
0&9;+3
 0?=<*9&0+<LBDAA+<L3F+BL+<L 3-0+L +<LF&<L*&&?LD3BL
<&&?L2+BL==AB+<L G&AL3<L*+L;3**+8++DG+<L*+LAB?++7LBDAA+<L
&&AL +<L #36<L 2+BL (+<B?D;L F&<L *+L D?=>+A+L 7=>+?4<*DAI
B?3+
L+LB?&*3B4+L0&&BL24+?LB+?D0LB=BL*+LB36*LF&<L*+L#=;+3<A+L
=F+?2++?A3<0
L"&&ABL&<*+?+LAB+*+<LG&ALF==?&8L3<&<BL*&BL
B=BL *+L &<A&L '+2==?*+LF+?;&&?*L F==?L *+L >?=*D7B3+L F&<L
H36<L
'&BB+D?AL 3<&<*+?3+L G+?*L 3<L *+L.?&<AA>?+7+<*+L0+I
'3+*+<L &:AL *+L 0&<0'&?+L D3B*?D773<0L 0+'?D37BL F==?L ;+AJ
A3<0F==?G+?>+<LH=G+8LF==?L03+B &9AL*?46.G+?7L

"&L *+L F+?<4+B303<0L F&<L 3<&<BL 3<L L *==?L &?+L *+L
$B=DB+L G&BL*+H+LAB&*L<==3BL;++?LB+L'=F+<L7G&;LK<BAB=<J
*+<L<3+DG+LG+?7>8&&BA+<L3<L%9&&<*+?+<L+<L?&'&<CL ;+*+L
*&<7L H36L D3C0+G+7+<L G+?793+*+<L D4BL 3<&<BL +L +(=<=;3I
A(2+L'+B+7+<3ALF&<L*+H+LF&&7L7=?BAB=<*30+L=<*+?<+;3<0+<L
7=<L*+H+LF&<L3<&<BL<3+BL+F+<&?+<L+L'+8&<0?3672+4*LF&<L
*+L &&A8&<*A+L ;+AA3<03<*DAB?3+L G+?*L =F+?0+*?&0+<L =>L
7+<L +<L $B=8'+?0L*3+L7=>+?>9&&BL;+(2&<4A(2LAB&;>G+?7L
+<L*?&&*L&&<L&99+L*+9+<LF&<LD?=>&L9+F+?*+<L
+L >?=*D7B+<L F&<L *+L "+D?+<'+?0A+L 7=>+?3<*DAB?3+L
G&?+<L F&<L ++<L &<*+?L A==?BL "3+BL 2+BL /&'?3(+?+<L F&<L 2&8/L
&.0+G+?7B+L >?=*D7B+<L +<L ;&AA&0=+*L AB=<*L =>L *+L F==?I
0?=<*L ;&&?L G+8L *+L F+?F&&?*304<0L F&<L H++?L G&&?*+F=98+L
2&<*+9A&?B37+9+<L"+D?+<'+?0LF+?G4+?/LF==?LB&9?467+L='6+(J
B+<L ++<L D?=>++AL ;=<=>=84+ L +L =F+?L 2+BL 0+'3+*L *+?L
"+*+?9&<*+<L F+?A>?+3*+L G+?7>8&&BA+<L *3+L A==?B0+8467+L
>?=*D7B+<LF+?F&&?*30*+<L 7=<*+<L H4,2L<=(2L3<L7G&<B3B+4BL

 '5EP 40FPG5EDPJ0AF,,:/P/>>BPP ",<-B0.4FD>H5;;0LP,/8G=.F .>=D0BN

J,F>BP#GD0G<P(:00D4G5DP
P &I/406/9G=/520P $GD0,P (;00D4G5DP ,F,;>2GDP )P !>?0BP 0=P B>=D
=FK0B@0=P P(0C<07/P * PPP
P 0P ,GF0GBP K0B9FP ,,=P 00=P G5E20-B05/0P ?G-:59,F50P >J0BP
%OB=-0B20BP
$0DD5=3,A-05F0=P
 ,;<05
P00=PM5=90CFDP-0J,FP4>>1/M,90;589P+=& 

L

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

#- -! $' %)- +) ' )"

- - +,---&---

79$+M -7M &$9795->$+&M #&?&1&7->M 5&?M %-&M C!7M &@;&7#&;*M

5&?&7M !7M%&M M%&M&&@DM!(MD&;%&7M@-?M&@;&7#&;*M5&>I
>-7*C99;D&;:&7M -7M %&M &%&;2!7%&7M *&,5:9;?&&;%M &?M
D!;&7M+99(%G!1&2./1M*;9?&M C&;3-$+?-7*>9#/&$?&7M G9!2>M*;9J
?&M 1;9973A$+?&;>M &C&7!2>M 1!7%&2!!;>M 92-&3!5:&7M 2!7I
?!!;7>M &7M 1!!;>&>7A-?&;>M 1&;1&2-/1&M C99;D&;:&7M G9!3>M
*9%>3!5:&7M D-&;991C!?&7M D-/D!?&;C!?&7M $-#9;-&>M &7M
+@->;!!%M 195)9;&7M 195)99;;-7*&7M >?;-01-/G&;>M C-/G&2>M
>:;9&-&;>M 1;!7&7M >$+&32&7M $-;1&2>M #&11&7>M >$+9?&2>M
1!77&7M D&&*>$+!3&7M&7M*&D-$+?&7M &7GM &2)>M 9:M%&M-7?&J
;-&A;>M &7M >?-23&C&7>M C!7M &%&;4!7%>&M 5&&>?&;>M 1@77&7M
7!!>?M %&M ?F:->$+&M -7+&&5>&M :;9%A1?&7M 97?&*&7>:;&1&2-/1M
&@;&7#&;*>&M C99;D&;:&7M +&;1&7%M D9;%&7M 7M %&M &2*-J
>$+&M &7M&%&;2!7%>&MC&;G!5&2-7*&7M1@77&7M %&G&M:;9%@1I
?&7M!!7*&?;9((&7MD9;%&7M
7M &@;&7#&;*M D!;&7M ?!2;-01&M D&;12-&%&7M -7M %-?M #&%;-0)M
D&;1G!!5M *&&2*-&?&;>M
"?>$+M5-&%&
M 19:&;>2!*&;>M

&11&7>$+3L*&;
M&7M>5&%&7M
-;1&2>$+5-&%&
M %-&M+99(%I
G!1&3-/1M D&;1?A-*&7M C&;C!!;%-*%&7M ?&3%&7M *&%@;&7%&M
&&@D&7M97%&;M%&M#&2!7*;-/1>?&M#&;9&:&7MC!7M%&M>?!%M99;M

%&M :&;-9%&M C!7M M ?9?M  M G-/7M 97>M !23&&7M !3M #-0M %&M
*&&2*-&?&;>M %&M 7!5&7MC!7M97*&C&&;M
M 5&&>?&;>M*&1&7%M
M D&;1:2!!?>&7M #2&C&7M 5!E-5!!2M *&3-/1?-0%-*M !$?-&(M
&%&;?M %&M M%&M &&@DM 2&*%&7M %&M *&&2*-&?&;>M G-'+M -7M +&?M
#-/G97%&;M ?9&M 9:M >:&$-!2&M ?&$+7-&1&7M -?M ->M -22@>?;!?-&)M
C99;M %&M +9*&M >?!7%-7*M C!7M %&M &@;&7#&;*>&M 5&?!!3C&;K
D&;1&7%&M -7%A>?;-&M ;M D!;&7M >:&$-!2->?&7M C99;M +&?M C9;I
5&7M *-&?&7M %;!!-&7M &7M :92-&;&7M C!7M %&M C99;D&;:&7M &;M
#&>?"7%&7M 991M D&;12-&%&7M *&>:&$-!3->&&;%M C99;M 2@$+?&;>M
1;!7&7M D&&*?9&>?&22&7M*&D-$+?&7M ;-7*&7M&7M>$+&32&7M 2!I
?&;MD!;&7M&;MG&3)>M>?;-/1-/G&;5!1&;>M
&M +9*&M 1D!2-?&-?M &7M %&M C99;%&3-*&M :;-/G&7M D!;&7M %&M
#!>->M C!7M %&M >A:&;-9;-?&-?M C!7M %&M &@;&7#&;*>&M D!;&7M 9:M
%&M -7?&;7!?97!3&M 5!;1?&7M 7M %&M 95*&C-7*M C!7M %&M >?!%M
D!;&7M &<M 2&&5M &7M C9;6H!7%M C99;+!7%&7M %-&M C99;M %&M
!!5>&M!!;%&MC!7M+&?M!!>2!7%M7-&?M59&>?&7M97%&;%9&7M
!7M*;9?&;&M#&?&1&8->MD!>M%&MC&;#&?&;-7*MC!7M%&M*-&??&$+J
7-&1&7M&7M+&?M!!75!1&7MC!7M#-/G97%&;&MD&=1?A-*&7M97%&;M
5&&;M&&7M7-&@D&M>99;?M%;!!-#!71M&?M9:%;!!-&7MC!7M;BD&M
*&@?M-7M%&M>?&%&2-/1&M%;!!-593&7>M#3&&(M?9?M9:M+&?M&-7%MC!7M




'"
: : &%,+ /$%, 1:%41%/!%1(:9:
$%:%%47:
::#.:::

'":: /$%, 2:.%3:+,0+501.*(%:60%3:%41%/!%1(:$%:)%-3:
$%:%%48 : :

:#.:::

/1Y ;Y/1Y 11KMY 11@Y 5B1/Y -1M,,D/Y 51617> Y 1HY 51/151@Y

L,:>,@G.6,CYL,@Y/1Y511;571I1DGYM1D:I1Y/1YG71D;79:1YLBD>R
51L7@5Y1L1@,;GY/1Y/K@@1YM,@/1@Y7@Y01Y6,@/
Y@Y/81YI79/Y/,IY
/1YCD79GYL,,:Y-1D1:1@/YM1D/Y7@YL1D6BK/7@5YIBIY61IY51M7.6IY
/1DY CDB/K:I1@Y -;113Y /1Y $1KD1@-1D5G1Y CDB/K:I71Y -K7I1@Y
.B@.KDD1@I71Y 1Y 51C1D31.I7B@@11D/1Y I1.6@71:1@Y 6,//1@Y
7AYL1D6BK/7@5YIBIY61IY,,@I,;Y,I1;81DGY11@Y>1D:M,,D/75Y6B51Y
CDB/K:I71Y IBIY 51LB;5
Y
(,;D79:1Y6,@/1<G-1ID1::7@51@YM1D/1@Y@BB/P,:1;79:Y/BBDY
/1Y BC:B>GIYL,@Y/1P1YCDB/K:I81Y %@/1DYGI7>K;1D1@/1Y M1DS
:8@5YL,@Y/1YGI,/G>,57GID,,IYB@IGIB@/Y671DY61IY1@851Y KDBT
C1G1Y .1@IFK>Y LBBDY :BC1D-1M1D:7@5Y /,IY @81IY 7@Y11@Y -1D5R
GID11:Y;,5 Y B61>1@Y ',:G1@Y(ODB;Y1@YB@5,D791Y;1L1D/1@Y
:BC1DY K7IY :1@Y 1@Y /1Y $1/1D;,@/1@Y M1D/Y 5,;>17Y -1IDB:T
:1@Y DKM1Y >1GG7@5Y 1@Y B@,351M1D:IY >,I1D7,,;
Y #1IY 61IY
51;79:I79/75Y BL1DGCB1;1@Y L,@Y /1Y $1/1D;,@/G1Y >,D:I1@Y >1IY
B@,351M1D:I1YCDB/K:I1@YM1D/YIBIY@B5YIB1YM17@75YD1:1@7@5Y
516BK/1@ Y
@IM1DC1AY,<GY1.B@B>7G.61Y>1IDBCBB<Y@,,GIY!OB@YM1D/Y
22@Y L,@Y /1Y LBBD@,,>GJ1Y ID,@G8I>,D:I1@Y LBBDY /1Y +K8/

K7IG1Y 6,A/1;Y @,,DY *1GIKDBC, Y BBC;71/1@Y K7IY /1Y

B-1D/1KIG.61@
Y GI1/1@Y /1Y Q5@Y D171@Y &17.6GGIW/I1Y K7IY
+K7/K7IG;,@/Y 1@Y ,,@5D1@P1@/1Y 51-81/1@Y 51@BI1@Y D11/GY
LDB15Y L,@YP1:1D1YCD7L7<151G Y$1KD1@-1D5Y:1@/1YD151;>,I8T
51Y 6,@/1<GK7IM8GG1=8@51@Y >1IY );,,@/1D1@Y &11/GY 7@Y /1Y
/1Y11KMYMBD/1@Y$1KD1@-1D5G1Y6,@/1;,,DGY>1IY6K@YM,R
D1@Y,,@51IDB341@YBCY>,D:I1@YI1YDK551
Y1Y$1KD1@-1D5G1Y
6,@/1<Y >1IY $BBD//K7IG1Y GI1/1@Y B >Y >1IY !X-1.:Y 51U
G.671//1Y B?GID11:GY Y <,@5GY 11@Y B>M15Y BL1DY);,,@/1V
D1@
Y @Y AIM1DC1@Y ID,@G8I1D1@Y :BC1D1@Y LBBEM1DC1@Y K8IY
.1@ID,Y ;,@5G611@Y /1Y#,,GY1@Y :1@Y P1YM,D1@Y6BB4/P,:1U
;89:Y -1GI1>/Y LBBDY &BK1@Y ',7@I#,;BY ",Y &B.61<;1Y 1@Y
BD/1,KNY ,,D@,,GIY :,@Y 1.6I1DY P11DY LDB15Y 6,@/1;Y >1IY
6K7GD,,/Y K7IY $1KD1@-1D5Y ,,@51M1P1@Y MBD/1@

 7IY MBD/IY
 "J !*3?F*=J*>(,.(,@*J)*=J *>>/8+09)B>@=/*J/8J%(,*9J B9)J)*8
H9)*=8JGE1>(,*8J %%>J C9)J#,*.9J%(,*9J J

J$/45*J/8J AJ *>(-J '44J J
J
  J ;<=9%*=@J *>J =%:I%/>J*@J 4*J(<67*=(*J.9?*=9%@2<8%4J&J8D*=>
!%=/>JJ

Y

GGwaSzzwN Nzz SSw GGNKSrg Gw  GGKgj SSw

3SSwKSaS aSSragSS {SrGgwa ngkb zt SSw Kgjnz
tSwN SntGw GGw S SSw{tgrrSGwSSw azS {|
NHMdg!wS|Sw

@Hw g !wS|Sw Sw 1zw |SgNNSw OS bw zKS
NSMdSw SNSw dw eHwNSrKSSnnhwbSw g {S
&Hwngkn *w NS &HwS SzNSwgwbSw zS NzGwSgk
SrrgwaSw Sw |ghrSbS zz ozz|rgSNSw g 3SSwKSa
!bKa<IIKb?rugSSNKhkNSIIwHwaHwNS
NSSS|GGpGwnz|SGSwGrTTwNSzzwGGu
SgwzSazSNSSw
#GdSwgSHrrSSwNS@rIGuSSw&HwSdHwNSrHNhS
zS !wS|Sw SrgS| SwStSw gkgSSw !wS|S
wzHhHnSgNhSdHwNSr{SrSSgwaSwGw#hS
n{|SGSw N{{ 8{bSSdHwPSrGH HHw 'gwSH (S
|ggrSaS Hw .{wgwc 2GwSr g  HIw NS #gS
SrSSwN |Gn SSN zS n{|S|zNnSw zz gw{S
#S9GUwKaS(GwNSrbSSrrMdGZzSNSSSNgwOS
sNS SS 4SSwKSaS nz|SGSw wHI dS *KSgMd
MdgSSgrHwN 

 Sw SSw Kzw g  tHGn tSrNgwa Hw
#gSnz|S|zNnSw NhSzS8zbHrwHGBS!^g
nH SNSw SzSN 
 @Gw Kgk NS HHwHwb Hw NS NS
SSaSKSNSwNSrSSgwaSwHwtShwa|{NnSwzS
dS dHwNSrdh =MdS NHOS dGwOSrb{SQSSw {|KGg
HwSSwzwNSHGwwStgwahw!nSwSwgw"SragVSrZKSdHw
NSrNS <SNS NSSgjN SgSWwNSDgNNgSnzz|rgS
NSw azS HHwNSrSw z| NS tGn #S 4SSwKSaS {w
NSnngwaSggaS 2Ggw "SdGgt wGt SSN gw  NSSr
IHw SSw 8zbSS S|SNghSgw /{wb{ 5SSwKSb SO
SSNzSa KSGwNSHrgknStzbSrglndSNSwgwNSS
whSS H`SbSKhSNSw *w Ng SKGwN NgSw StSiN NH
!rKSMd#SgjNSwgkwSKrglZS!wS|Swgw  
NS KSS MzwGMSw zwNSehSrN uS NS 8{aSS bSHw
9zNgbz &SwHwNSP!ruHNSH HGwhSdhkdSMdhrRXgk
tSNS ( (gSzwtGGwKzzN
4HH NS 8{bSSw {SNSw z{n SrNI $waSrSw Sw
3SNSrHwNS eGwNSr uS NS !_hnGGwS BSn *w NS
sNSSSnHwSSwzSrzSNHHw#gSuShwbS|{
HgnSrSw wHH $wbSrGwN HHwaSSSw zNSw

 !r ){r
rHwNSS|{b{SNSSwwHGCS!^gnG{NSw3SSw
KSaS|zNnSwStSrN
>GrglnSHwNSSHnSwS
NSw{S!wS|SwSfHwNSrN7|dSShwNSIwNS OS
SS SdHwNSrNSw (zrrGwNSnzz|rhSNSwwzb SSN nz
|SGSw g 3SSwKSa E{ SNSw zwN  bzS
KSSrrgwbSw h :rHwO whS SMdSSngw4SSwKSb
NzMdzS({rrHwNGGwaSaHHw$g|GHnIwSSaMdG
rSwaSgMdSwSwgkSr

#S KSSnngwaSw uS 3SSwKSb HSw SSVrSg D{
S\SwS{|eSShwOSHwOSugOOSrSSSw{{nIrhmqS
n{z|rhSOSw gNS3zzNZIw3SNSrHwOSSnSwGGwgw
FhO#grHwN +wzwS h #zzwhn IH gYe IrhknS
bSSrbhSShmSx  KS{wNSwh!SMe0IuShmn ;hkSrSw
AIrSwMhSwwS OSSw hH !wS|Sw eHwOSr tS 4SSw
LSb
>hkQSwOSHHwHwb}Sh{OS{whwbOSn{|SgwN


hS SSw z{wGtSgu|r gNS DgNSrglnS3SNSrGwPSw

(SSrZNSNSSNhYd{{IrhwNS3SSwKSbSMdgrNS
nw GHwH gwdSISrgSHw )Hw8rSNSw]
SnSwhwbSw wHH 5SNSrHwNS MdgrNShkSw Hr z{KSSrN
SNSwGIwbSSwN
 7| NSSrZNS hkSSNNS4SSw
KSbS n{}ShwOgS {| NS INghS Hw NSS nwhMd
gwa z|cSK{N 7zn rHS nwwSw w{a SrStSwSw gw Ng
SKHwP {NSw HHwaSNgN Dz SN hw  Gw NS n{
|SdHwOSrHG 'S{b 1J bSSbN NH egk OSSMdwgSnIw
dS SHGNgaSw Iw tSgwa z| 4SNSrHwNSgjS wGH
3SSwKSbKIMd 
7wSMdSSnS KSgkSw Hw NS tHn~StGgS Hw
3SSwKSb nwwSw bSzwNSw zNSw gwNS IrgknS S
bSSZS|{ahwaSw{vNht{wz|zrgSSN{zKSnSw FzKS
nHt OS !uSNHuS aSSrbgSS BgrrSt NS 3SS gw
z{GHrZkIHdS |ggrSaS zt aSgMdSw S S
HHNgaSw

%Sw^GGgSgSNnGwNSStSSSnGw
KSzwNSN {NSw gw dS 9gkntSt S !tSNHu
dSnwzz|GGwKgkNS3SSwKSaSzzKSSrNSwSwHH
rz Gw H wztIGr g NS FgN Sw 5{zNwSNSrGwNS
|{NngSaSnSwNg*wdSGrbStSSwgjwSwGGSMdgr
rSw {zn zu SHwSSnnSw Sw3SSwKSaSwNS
6SNSrHwNSw tSnKHH gw NS zSaSKrSSwowSnSw
?gSSwN{ntSwHwNS sNSSSSwSuSwgkNHNS
4SSwKSbS nrznnSwagSS )Hw &HrMo NhS zwN 
gkOSrglngw2{nJKSNhkgaHNzzSMdwgMdSSKSS
gwbSwzzHrhw(zrrHwNKSnSwNdSgNSgS[
,w Ng SKHwNnwwSwSrrgMd SaSSZS|zagwaSwzt
OS 5SSwLSbS SnSw|SywhwbSw N{{ SgbSw |{OnSw
HwNSvGnSSNgwaSwStSiNzNSw DzSzMd
SSw !vSNIt KbS DHMdHgG -GwSw hw  NS
INtGagHI{t{SrGgwbSKSnztSwzdSrGGwGw
SnSw|SwwgwbSw wHH 4SSwKSb {{KSSrN <rSMd
 0b $4HL8b ,aMI58M>8Mb .4POV8MG^OO8b a58Mb (TIOQb TI7b (aIOPG8Mb 
b3A8I)8BLZA>bb
 ( b 8QQGAI>bBIb*ASPb7b28M8BIOb;
b#8O6?B6?P8b7b/P47Pb,aMI58M>b
 b
 'b/SMA878MbBIb 4ObM8B6?8bT>O5TM>b*aI6?8Ib
  b/6?TGP8b A8b .4V8IO5TM>8Mb $4I78GO>8O8GGO6?4=Rb)8AL[B>b
 .b %_LF8b -B978NG_I7AO6@8b FQ8IbTI7b 1MFTI78IbZTMb #8O6?B6?Q8
78Mb 8TQO6?8Ib%4IO4b)8ALZB>*aI6?8Ibb8IbbbLb b
 $b )8VYb A8b #MUI7G4>8Ib78Ob `FKIKHAO6?8Ib)B58M4GBOHTObBIb78M
#8O6?A6?S8b78Mb8I>GAO6?8Ib2KGFOWAMPO6?4;Pb '8I4bb
 -b $478G8Mb#8O6?A6?P8b78Mb?KGG^I7BO6?8Ib(KGKIB8Ib4T;b78Mb#KG7\
FaOQ8b KJIbb
 ,44Mb88Ib>8GACFQAD7A>8b5MKI
 !'b /KAGb78b +KMA4H:b )8Ob4I6B8II8ObAI7TOQMA8Ob7
4MQb0KTMI4AOB8I
I8Ob
G
8XLKOAPAKIb78bb0KTMI4Bbb
 !b KKMI48MQbK 6
 G5M86?Qb aM8Mb (4Q4GK>b7bTOOQb,aMI58M>b
 & #b KLL8GH4YMb,46?MB6?P8IbVKIb,aMI58M>AO6?8Ib*86?4IAF8MI
TI7b (aIOSG8MIb,aMI58M>b b
 2AE<b88TW8IbFKL8Mb 8Ib5MKIOb .AEFOHTO8THbHOP8M74Hb b "4]
68QQ8Ib78MbV8M[4H8GBI>bb
 0b$4HL8bBIb *AQQ b7 b#8MH4IAO6?8Ib-4PAKI4GHTO8THOb,aMI58M>
bb

.Op(p 9=]GX>]GL[<<bpp`]GIbGII[pm<]pXb``]YlEQiIbp,
p7IldI]?IdP
pb`]Gp'p
4p pE\pp:)p

.WCp 
 9SYGJp6=]pQKbXa\ejSPpn<]pXb``]YkEQjKb

p7IkbI_@KbP
p%GIpIKkop
1*D\;!&

-NBp#p8<MIYX<]GJY<<b p7KkbI]?IcP
pZpeRKpKUp
p/GIpIIlop0 ppD\pp:%*ppp



-VAp%p2<<ceK]f^lShIcp7IkbI^?JbPpb`_Hp%(p5
p IIeiKbp7TX`Y<lgp0<kjgEQp
3p$pF\p:"+



J554LW ;FW W P5J5;LMW Q5J4W 25I5;@MW :5MW 00FM0AW 95E5J@M5W

G2>53M5FW F;5MW 55FLW 
W P0FW 45W GP5I952A5P5FW Q5I@5F
W
.;I@5BL3:E;545W  B0L3:F5JW 4;5W :O;LJ004W O;MW P5JM;F4W
HB00M;?T5IW 5FW E5LL;F9W P5IP00I4;945FW !5L3:E5;4E03:5IW
4;5W F00LMW :O;LI004W GG@W 25LA09W A5P5J45FW 5FW T0F4AGH5JE0V
@5ILW :0445FW LGELW:OFW5;95FWE5I@M5@5FL
W 5W M53:F;5@W5FW
PGIE5FW 45IW %5OI5F25I9L5W HJG4O@M5FW T;>FW TGW MSH;L3:W 40MW
:5MWEG95A;>@W;LW GHW9JGF4W P0FWMG5L3:I;?P;F9WQ5J@5FW00FW45W
95E5J@M5WLMO@@5FWMG5WM5WPG595F
W
#FW 45W P5JT0E5A;F95FW P0FW :5MW +B55L:O;LW @GE5FW Q5J@5FW
O;MW45W%545IB1F45FW:5MWE55LMWPGGJW4G3:WQ5J@WO;MW&5OI5FU
25I9W;LW:;5IW5P5F55FLW9G54WP5JM595FQGGI4<94 W
5W E55LM5W L3:;?8@0F45A00ILW :GG84T0@5B;?@W/9GM;L3:W P0FW
PGJEW LM0EE5FW E55LM0BW O;MW &5OJ5F25I9L5W Q5J@HA00ML5F
W
5W 25;45W 5R5EHA0J5FW O;MW :5MW EOL5OEW Q5J45FW GELMJ55@LW
 W G8W @GJMW F04;5FW P5IP00J4;94W -WW "5MW MSH5W E5MW
95HIG8;B55I45W PG5MW E5MW ;FW LH;595A255B4W GH95LM5A45W 4JO;HV
L3:0B5FW 5FW Q00J2;>W 45W L3:03:MW 4GGJW 4J;5W FG4;W GF45JP5IV
455B4WQGJ4MW;LWI554LW95@5F4WGHW:5MW5;F4WP0FW45WAW45W55OQ
W
5FW @0F45B00IW PGGJT;5FW P0FW :5MW Q0H5FW 45JW I0F@;L3:5W
"G8E55LM5ILWP0FW'GEE5JL85A45FW;LW9540M55I4W 
 MQ55W
5R5EHB0I5FWLM0EE5FWO;MW  *GMW;FW45W AW45W55OQW:52V
25FW 45W 955B9;5M5JLW O;MW %5OI5F25J9W 45J95B;>@5W L3:;>8@0F45V
B00ILWP5IP00J4;94WQ0MW55FW>O;LM5W40M5I;F9WP5JEG5;B;?@M W
;>W 0BM00I@0F45B00JLW O;MW 45W I5F0;LL0F35W ;LW 45W 8GIL;95W
L3:03:MW O;MW L3:;?P5FW 5FW 20AOLM5ILW L0E5F95LM5B4
W #FW :5MW
EOL5OEW+B55L:O;LWMI58MWE5FW5F@5B5WEGG;5W5R5EHA0J5FWP0FW
4;MWMSH5W00FW-W- W 082 DW- W.G0ALW2;?W45WE55LM5W
;FW :5MW (;>FB0F4W ;FW 5A9;6W 5FW "GAB0F4W PGGJ@GE5F45W LMO@V
@5FW LM00MW 45W 20L;LW GHW 4J;5W @G95AW G8W H55JPGJE;95W PG5M5FW
4;5W LGELW E5MW 5;@5ALW G8W 95200J45W :GG845FW P5IL;5I4W T;>F W
(554LW M;>45FLW 45W 9GM;5@W Q5J45FW ;FW 45W %545IB0F45FW 45W
@0F45B00JLW P00@W 4GGIW A55OQ5FW 954I095F
W 5W 5R5EHA0I5FW
P0FW :5MWJ5F0;LL0F35MSH5WT;?FW E55LM0AW ;FW PGIEW5FWM53:F;5@W
TGW 95A;>@5F4W GHW 45W %5OJ5F25J9L5W @0F45A00JLW 40MW P0FW55FW
MSH;L3:5W HB00ML5B;?@5W HIG4O@M;5W EG5;A;>@W LHJ00@W @0FW T;>FW
,5BB;3:MW :558MW E5FW 45I95A;?@5W @0F45B00ILW O;MW %5OJ5F25J9W
;FW45W%545IB0F45FW=F95PG5I4W5FWQ5I45FWT5 M5JWHA00ML5WF00IW
"//+$- +)/-)')/
/-./ //&// /
45W AG@0A5W EG45W P0FW PG5M5FW PGGJT;5FW EG95A;?@W Q5J45FW
/%(!!'**,)(#'/('+)#'
/
45I95B;>@5W LMO@@5FW 4GGIW LGEE;95W 0M5B;5ILW LH53;00AW PGGIW
5RHGIMW P5JP00I4;94
W 5I95B;>@5W MG5PG59;F95FW 00FW %5OI5FV
MQ55W LMO@@5FW T;>FW 95@5F4W M595FGP5IW 4O;T5F45FW %5OJ5FU 25I9L5W Q5J@5FW @GE5FW 5P5F55FLW ;FW 0F45I5W 08T5M952;545FW
25J9L5W5R5EHA0I5FWTG40MWEG5;A;?@WP0FW55FW9JGM5WHJG4O@M;5W PGGIW TGW 2P2W ;FW $M0B;6W 0MW 45W %5OI5F25I9L5W 955A9;5N5JLW
LHJ00@W@0FWT;>FW #FWELM5J40EW0AB55FWI554LWQ0I5FW5IWE;FLU T;7:WP00@WF00IW45WEG45W;FW45W08T5M952;545FWI;3:MM5FW;LW55FW
M5FLWT5P5FW:0F45ALT0@5FW4;5WE5MW%5OJ5F25J9L5WI5@5FH5FU P0LMLM00F4W 85;M W +GGILM5BB;F95FW 25Q;?T5FW 40MW J554LW ;FW 45W
55JLM5W:5A8MW P0FW45W AW45W55OQW@0F45A00JLWE5MW@A0OQHGM5FW
F;F95FWQ5I@M5F


)B53:MLW Q5;F;9W LMO@@5FW Q5J45FW P0FW E5I@M5@5FLW PGGKV 25@5F4W Q0I5FW ;FW &5OI5F25I9 W 5FW 45I95B;?@W PGGI255A4W
T;5F W *595FGP5JW 45W M0BI;?@5W P5JE5A4;F95FW ;FWP5J20F4W E5MW
PGGIL3:I;8M5FW 2O;M5FW &5OI5F25J9W E55LM0BW E5MW 25MI5@@;F9W
 Q  Q #B1?64Q 7?Q 1HED.51DQ "+5C-I.5Q 3PCQ %H=8D=+E9;QQ
Q
MGMW E5I@M5@5FLW GHW @GH5JHB00MW 5FW:0B8W0895Q5I@M5WHJG4O@U
 Q
M5FW LM00FWLA53:MLW5F@5B5W 95E5I@M5WLMO@@5F W+GGJW45W955BV

Q J
Q +<;1Q /91Q '+=><H?4Q Q 940BCQ *91?Q )Q Q *91? 1C<9?Q
9;5M5JLW ;FW &5OJ5F25J9W 25LMGF45FW P5JGI45F;F95FW O;MW W  Q
5FW W T5W Q5J45FW LA53:MLW T55JWGFI595AE0M;9W GH95PGA94 W
Q 91Q #H?DF01?;=O<1CQKB?Q+L1C@Q %9101C-+L1CAQ 12EQ !)Q1M:C;DN
5:0CP5W PGGJW 45W 95Q;3:M5FW Q00JPGGJW 55FW E5J@M5@5FW +=GQ &+DD,HQ(9121?-+.5Q $P?.51?QQ
W

$22!&+),+-/% 2 0- * -"2 2# '.2
 2 01

2 2 2(2
2 (22

TP=?Ua K=La 88La NOa A=Ta 3X:A=R8HT88Qa RNL;a a CLa ;=a 0 +a
5QNX[=G=QGaT=a.=XQ=L9=R@a[88R9DFa==LaZCSDN=LaZ8La;=a 'a
"X@XSTCLXSa[NQ;UaXCT@=9==H;

a 2:ADF?G8L;=I88QSa;NNRaGI=C`
L=a ;D=Q=LGNOO=La N?a =L@=I=La @=;R8@=La GXLL=La NNGa 8ISa
.=XQ=L9=Q@Sa [=RGa 88L@=[=^=La [NQ;=La
4CTa;=a9=TQ=??=L;=aO=QCN;=a^DFLa9=[DF^=LaZNNRaCLZN=QaZ8La
.=XR=L9=Q@S=aG8L;=I88QSa CLa ;=a.=;=RI8L;=La ZNNQB8L;=L a
3CF;=LSa ;=a Ja;=a =La Ia;=a ==X[a [=R;=La ^=a ;NNRa &=LTS=a
[=QGHC=;=La9=[=QGU a7Na[=Q;=LaNL;=QaK==Qa==LaO88QaG8L_
<=H88QSaXDUa/=XR=L9=Q@a9DFa -C:BD=IaZ8La+8Q=9=G=aXCTa&=LUa
88L@=GN:ATaZNNQa;=a2U$NQL=HCSG=QGaDLa"8IU=Qa)La;=aG=QG`
R=G=LCL@=La V=a #=II=Ka SW88Ta B=Ta ZNH@=L;=a Z=QK=E;a (T=Ka
;=La a Z8La %=:=K9=Qa a @B=:N:BTa UNUa &B=L;Ua NOa ;=a
5QCF;8:BK=Q:GTaCLa;=La '=]L@=IaU[==a.XQ=L9=Q@S:A=aG8L_
;=H8=QSa ZNNQa ;=La ANN@A=La NXT8=Raa 666(((a SBa (())a @R



0NGaT=a *8K=QCFGaZCM;TaK=LaCLa a1NXRaa:A8L;=HD=QSa=La
:X]ZR=a ;=a.YR=K9=P@a ONXQa :A8L;=HH=Sa;=aSXC?a8X\a:B8O=I_
H=Sa ;=a .NTQ=a %8K=a H8a @R8L;=a =Ua;=Sa TQ>O8SS>Sa a ,CZQ aa
S  a (LZ=LT8RCSS=La Z=QK=I;=La Z88Ga .=XQ=L9=Q@S=a G8L;=`
I88QSa DLa ;=a.=;=QH8M;=La

%=a8IU88PG8L;=H88Qa6 aNOa;QD=^CF;D@=aSNGG=IaZ=QSC=Q;a
K=Ta@=ZH=X@=I;=a=L@=IGNOO=L
aNOaGH8X[=LONT=LaCSa[=HHC:AUa
NNGa XCTa .=XQ=L9=Q@a B=QGNKSUC@
a 8HBN=[=Ha Z8La @=RCL@=R=a
G[8HDT=CU a A=Ta STXGa G8La Z=R@=H=G=La [NR;=La K=Ta @=K=RGU=a
SUXGG=La '=UaGI=CL=Ra@=OQN?CH==Q;=a@=;==IT=aZ8La;=aS:B8:BTa
[CFSTa L88Qa a #CFa 5H88KS=a ZNNQ9==H;=La CSa ;=a SNGG=Ha CLa
Z=QANX;DL@a UNUa ;=a 9R==;T=a NLQ=@=HK8TD@a AN@=Q!a NNGa ;=a
S:A8:AUa HDFGUa BN@=Qa %=a 88L^=Ta Z8La ;=a ANN@SU=a K==ST8Ia
@=;Q88C;=a 98HXST=Q@=H=;CL@a CSaK==ST8IaK=Ta8:8LUAXS9I8;=`
Q=LaZ=QSD=Q; a
 V 'OMS9V # V 2=FF9KF3GGV )UKG59K;9KV (3D9K9>VV .:D

V)UKG69K;V V
V 1IIKV 89S9V9GVQID;9G89VIJ;3Q9V 83GBV>BV (9QKIORV#IDD95IL7<Q3G
,97CV "9GNV 2>9V IICV "9GNV  8O>S9G8VA33KVBOGLNV 9GV 7ODNOOKV "9GNVV

$$V J V
 ! V 9V +IMN9KV % V KI97C39KNV "9L7<>989G?LVQ3GV89V"9F99GN9GV89KV
JKIQ>G7@9LV Q4GV *ILN/D33G89K9GV "9GNV V L9K@9V V 8D V V JV V
K9LJ97N>9Q9D>ACV V
V 0V -M9G;9EV >GV &PGLMV OG8V &OGLN<3H8R9KBVV V J
V  V /9KT
B99K89D@ABV3DLVBKIIGDO7<N9KV33G;9;9Q9G V

a

!11#), 1 .* ( +"1 1# %,1 1 ./111'1
1

$1 1#),
1 .* ( *"1 1# &-1 1 .0111'1
111

!I`45`V5M[.G5E>I<`D.I`G5I`55I`D.M.DP5M>OP>5D`VKKM155E4`
V.I`55I`*E..GO5`V.M>.IP5`15XKI45M5I`
, `
5I` %5SM5I15M<O5` OL53>.E>P5>P` X.M5I` D.I45E..NO` V.I`
<5M>I<5` =KK<P5` X..MV.I` 45` VKMG5I` V..D` 1>B` 45[5` 45M`
.EP..MD.I45E..MO` ..IE5SI5I` 5I` L..M` D.I45E..MO` T>P` =5P`
*E55O=S>O` 15[>P` 45[5E945` 1.ESOP5MDEKOO5I` [K.EO` [5` >I`
%5SM5J15M<` P>B45IO` 45` E`45` 5I` E`45` 55SX` KKD` 1>B` 45`
O3=.3=P5I` V.I` DE5>I5`M5>OD5ED5I`K9` [5E9O` X.I4=.D5I` VKKM]
DKG5I`
>B`45`VMK5<5`=S>OD.I45E..MO`4>5`X5`.9<5155E4`V>I45I`1>B`
45` *E..GO5` O3=>E45MO` 4K3=` 5V5I55IO` 1>B` 45` E..P<KP>O3=5`
L.I5E5I` S>P` -S>44S>POE.I4` 5I` (ZMKE` >O` =5P` GK5>E>BD5M` 55I`
KI45MO3=5>4` PSOO5I` >I.I45M>5` 5I` %5SM5I15M<O` DKL5M]
X5MD`4KKM`P5` VK5M5I` )KP`VKKM`DKMP`IK<`KI<5D5I45`4K3S]
G5IP5I`15X>B[5I`45`G.OO.LMK4SDP>5`V.I`45M<5E>BD5`D.I45]
E..MO` KKD` >I` %5SM5I15M<` 5` >IP5IO>5V5` 53KIKG>O3=5` S>P]
X>OO5E>I<` G5P` %KKM4;M.IO5` 5I` %545ME.I4O5` <51>545I` =.4`
45[5` VKMG5I` KKD` 4..M` V5MOLM5>4` *KKM` 45` OQSDD5I` >I` =5P`
GSO5UH`*E55O=S>O`>O`=5P`EK<>O3=5M`45`*E..GO5`=5MD/GOP`P5`
V5MD>5[5I` 1KV5I` 45[5` V.I` %5SM5I15M<`
, ` PKP`,`
5` OPM5I<5` VKMG<5V>I<` V.I` 55I` .I45M5` P.:5ED.I45E..M`

,` .91` ` 4K5P` 55M45M` 45ID5I` ..I` 55I` M.IO` .P5E>5M`
$5P55I` =5115I` X5` =>5M` GK<5E>BD` 55I` VKKM155E4` W.I` >I]
.3=PI.G5` V.I` EKD.E5` GK45` >I` =5P` .:[5P<51>54` )5` G55M`
4..M` X5` G5P` [5D5M=5>4` X5P5I` 4.P` P.EM>BD5` D.I45E..MO` G5P`
\S>E5IO3=.3=P5I` 4KKM` %5SM5I15M<O5` <55E<>5P5MO` VKKM` 5Y^
LKMP`I..M`M.IDM>BD`X5M45I`V5MV..M4><4`5`OKDD5E`V.I`4>P`
ORSD` 4.P` 55M45M` 1?B` 45` ..IV.I<` V.I` 45` F`45` 55SX` GK5P`
<54.P55M4`XKM45I`V5MPKKIP`<MKP5`<5E>BD5I>O`G5P`45M<5E>BD5`
VKMG5I` 1>B` OKKMP<5E>CD5` D.I45E..MO` S>P` %5SM5I15M<` 5I`

.I45M5`=S>OD.I45E..M`G5P`55I`I..M`V5M=KS4>I<`1M545`VK5P`
5I` [55M` DKMP5` OE53=PO` 4KKM` 66I` O3=>B9` <5E545` O3=.3=P` >O`
X..MO3=>BIE>BD` 5V5I55IO` S>P`%5SM5I15M<`=5MDKGOP><`
,`
.92` `
5` %7SM5I15M<O5` D.I45E..MO` G5P` DEKDWKMG?<5` VK7P`
X5M45I` X>B4` V5MOLM5>4` 5I` 1E5V5I` P.EM>BD` 15X..M4` 5P`
*E55O=S>O`15[>P` 55I` GKK>`5Y5GLE..M`G5P` >I55I<5OPM5I<5E^
45` 0` BKSM` KMI.G5IP5I` KL` 45` X5EV>I<` 45M` 1.O>O` 5I` ..I` 45`
O3=.3=P`
,`.92` ` 5[5`V5MO>5M>I<`DKGP` V..D` VKKM`1>B`
LMK4SDP5I` S>P` %5SM5I15M<` 5M<5E@BD5` VKKM155E45I` DSI]
I5I` 5V5I55IO` ..I<5PMK::5I` XKM45I` >I` 45` "KI>IDE>BD5`
$SO5.` VKKM` "SIOP`5I`5O3=>545I>O`P5` MSOO5E` PX55`D.I]
45E..MO`G5P`4KKM55I<5OPM5I<5E45`KMI.G5IP5I`[>BI`X5EE@3=P`
=5P` X5MD`V.I`'P5L=.I`'3=>MG5M`
$5MDP5D5I` '3=..M`'`'`
4>5` >I``G55OP5N` X5M4`PX55` 0BKSM` 15X5MDP5` DEKDVKM^
G`><5` D.I45E..MO` 15[>PP5I` 58I` G5MDP5D5I` 4.P` X5EE>3=P` <5
45IP>9>355M4` D.I` XKM45I` G5P` 55I` E>4` V.I` 45` 15E.I<M@BD5`
<55E<>5P5MO:.G>E>5` +5>IG.II`
MSAV5I` ` +` *5MO3=>E]
E5I45` I.` ` V5MV..M4><45` D.I45E..MO` G5P` DEKDVKMG><5`
VK5P` V.I` .IO` #SD.O` +5>IG.II` SAP` S>PO5`GSO5.` V5MPK^
I5I` V5MX.IPO3=.L`G5P` =5P`OPSD`>I`=5P` $SO5SG`*E55O=S>O`
>B` 45` 4>DX.I4><5` *E..GO5` V.M>.IP5` 4>5` X5` 1>BVKKM155E4`
1>B` 5M.M4` KS`
'P>EE5V5I` P5` M5O45I` X55MV>I45I` KIP_
1M55DP` 45` V5M4>DD>I<` KI45M` 45`O3=..E` &KD`V.I`4>P`PZL5`>O`
55I` VKKM155E4` VKKM=.I45I`
,`` 5I` 55I` <5E>BDOKKMP><5`
D.I45E..M` >I` G>I>.PSSM` =55:P` X5EE>3=P` KKD` 45[5E945` =5M^
DKGOP`
,` 5` >I=55GO5` DM..<D.I45E..MO` [>BI` >I` 45`
%545ME.I45I` G55M` V5MOLM5?4`4.I` 45`%5SM5I15M<O5`D.I45^
E..MO`G5P`DEKDVKMG><5`VK5P`
,`PKP`,`,`PKP`,`
..M5IP5<5I` OP.GG5I` PX55` 1.MKDD5` P.95ED.I45E..MO`


`

&00%*-"0".+")"+#0!"0""./0 00(0
00
0

&00%*,"'0".+")"+$0!"0""./000 (0
0 0

>8HNJ@L88L7\ IJ\ W@FR8LNG887S8LD\ Q@O\ 78W8F<78\ J8L@I78\ Q@O\

)8QL8H48L>\ 0\ 0\2P5\  \ !8H\NOQD\G8O\>8F@BD22L7@X
>8\ RI8O\ R2H\ &IHL27\ *[NNH8L\ H2\\48RIH7\WA9?\AH\88H\
JL@R:R8LW2G8FAH>

 &2H78F22LN\ Q@O\ 78\ )878LF2H78H\ 8H\
)IIL7 Q@ONF2H7\ WACH\ G88NO2F\ G@H78L\ 8F8>2HO\ 8H\ DQHH8H\
R8L78L\ 22H\ 78\ 48J8LDO8\ O86?HAN6?8\GI>8F@BD?878H\ 8H\ ?8O\
722L22H\>8DIJJ8F7\?I>8M\>8S@6?O\?8LD8H7\SIL78H\
8\D22LN8HNHQAO8L\G8O\4FI8G8HR22NGIOA8=\IJ\?8O\?2LOY
RILGA>\ D2NOC8\ 8H\ G8O\ GIIA\ >8JLI=AF88L78\ >L88K\ 72O88LO\
R2H\ LIH7\ \ 8H\ @N\ ?8LDIGNOA>\ Q@O\ ?8O\ JLI7QDO@8<\ 2O8F@8L\
R2H\ 78\
1@LD8FN6?G@87\ )@DIF2QN\ #2QON6?\ 0\ 2=4\ \
G8LDO8D8H\ \ N6?8FF8H\ 8\ ?2LORILG\ SIL7O\ L887N\ @H\ 78\
F\78\ 88QS\ @H\ )8QL8H48L>\ 22H>8OLI<<8H\ #8O\ R88FRQF7A>\
RIILDIG8H\@H\78\)878LF2H78H\WIS8F\AH\78\GQN82\O8\LQNX
N8F\"8HO\8H\ 'Q@D\OIIHO\22H\ 72O\78\)8QL8H48L>N8\D22LN8HY
NHQ@O8LN\IID\ ?@8L\ 78\6IH6QLL8HO@8\R2H\ (86?8FN\S8LD\DIHY
78H\7IILNO22H 

8\ .@F78\ (2H\ @N\?8LDIGNOA>\ R2H\ 88H\ DLIIHFQ6?O8L\ Q@O\
78\ F\78\ 88QS\ 0\ 2P5\ \ ?8O\NVG4IIF\78L\ R8LSILR8H\
L86?O8H\ 8H\ 88H\ S2J8HN6?@F7\IHO4L8D8H\ #8O\F@BH8HNJ8F\78L\
NO8LD\ >IFR8H78\ 48?2L@H>\ R2H\ ?8O\ F@6?22G\?8O\ OVJAN6?\ >8X
422L7\ 22H>8W@6?O\ 8H\ 78\ JFII@8H\ 4AB\ 78\ F8H78HN6?ILO\ W@BH\
D8HG8LD8H7\ RIIL\ 7;W8\ 2G426?O8F@CD8\ )8QL8H48L>N8\ G8Y
O22FJF2NO@8D\ @O\ GIOA8=\ 4F88=\48?IQ78H\ OIO\ H2\ \ WI2FN\
>872O88L78\DLIIHFQ6?O8LN\22H7QA78H\
!8H\+
RILG@>8\>84I>8H\FQ6?O8L2LG\G8O\>8NOVF88L78\7IFZ
=@CH8H\ 8H\ 4FI8GDHIKJ8HGIOA8=\ @N\ 88L78L\ 2FN\ 2=WIH78LFABD\
I4C86O\ O8\ 48N6?IQS8H\ 72H\ 2FN\ IH78L788F\ R2H\ 88H\ DLIIHX
E2H78F22L\ 0\\ 2P4 \ \ +IILO>8F@BD8\ NOQDD8H\ QAO\ ?8O\
8@H78\ R2H\ 78\ F\78\ 88QS\ WABH\ @H\ 1Q@7 Q@ONF2H7\ W88L\ R8L

NJL8@7\ 8H\ NIGG@>8\ RIIL488F78H\ W@CH\ RIILWA8H\ R2H\ 88H\

G8LDO8D8H\
)8QL8H48L>N8\ 2O8FA8LN\ F8R8L78H\ 8R8H88HN\ RIILS8LJ8H\
RIIL\ 78\ %I78H6QFOQN\ ,@O\ 78\ F\78\ 88QS\ 72O8L8H\ O2FL@CD8\
N2442OFQ6?O8LN\ 88H\ 8T8GJF22L\ AH\ ?8O\ -F88N?QAN\ 48WAO\ 78\
RIIL\)8QL8H48L>\WI\ OVJ@N6?8\N6?26?O\G8O\7LA8\R8L7@DD@HZ
>8H\ 0\\ 2<4\ \ 8\ 4F@DD8H\ 42H78H\ IHO4L8D8H\ S22LX
F2H>N\ 78\ IF@8\ QAO\ ?8O\ NO8LRILGA>8\ L8N8LRI@L\ H22L\ 78\ 7LQAJX
N6?22F\2=FIJ8H\DIH \
-IIL\ 88H\ 2H78L\ IHRIFF87@>\ NOQD\ D2H\ 78\ )8QL8H48L>N8\
?8LD3GNO\ RIILIJ>8W8O\ SIL78H\ 0\ $8O\ 78L78\ 8U8GX
JF22L\G8O\>8F@CDO@C7@>8\AHL@6?OAH>\RIIL\D22LN8H\@N\88L78L\2FN\
88H\ @H?88GN\NOQD\O8\48N6?IQS8H\H22L\ )8QL8H48L>N\ RIILY
488F7\ 0 \ -8L78L\ @N\ 8L\ HI>\ 88H\ R8LNO8F42L8\ ?22D\S8FX
F@6?O\R2H\88H\N2442OFQ6?O8L\?8LDIGNOA>\0\ !8H\NIILOY
>8F@CD\ NOQD\ @H\ LQ>>8\ AN\ S8LD\ R2H\ IHL27\ +6?QG2HH\ H2\
\G8LDO8D8H\ F2QL@8LOS@C>\ \ +

"8SA6?O8H\G8O\=A>QL2OA8R8\786IL2OA8\WACH\@H\?8O\GQN8QG\
HA8O\ RIIL?2H78H\ (8LDS22L7@>8\ RIIL488F78H\ R2H\ 78W8\
)8QL8H48L>N8\ NJ86A2F@O8@O\ DQHH8H\ S8F\ 22H>8OLI<<8H\ SILX
78H\ O8\ LQ>>8
 G8O\ S8LD\ R2H\ F4L86?O\ /8@HG2HH\ \
JIH7\ S8LDW22G\ OQNN8H\ \ 8H\ \ 8H\ O8\ LQNN8F\ G8O\
S8LD\ R2H\ IHL27\ (INO\ \ JIH7 \ "88F>@8O8LN\ G8O\ 78W8\
H22G\S8L78H\ L8NJ86OA8R8FACD\ @H\ \8H\ \G88NO8L \
C & C $<+5-+3C 7 )C ',(C

C +C "+).+3;+C 2''9;+5;5?0=+:;C B+:*+5C (+/'5*+4*C C @((+C 05
5=1+2CC
CC
 ! !#C :A;;+4C 7>7C5:CC 
C %+5<775;>+3405-C !78+:C+5C :75;C6<B+:8+5CC5:C C

\

# - -"(* - +) ' )!-  - +,---&-
---

$-- %% '- +) ' )!-  - +,- --&-
--

-

3A^YAQ=AYEZAq EAaH>G[AQq OA[q&Q[aAYXZAqHIKOAYKAQqeVg

<MZqAYqAQKAMAqHQqGA[q8MAAZG^HZq<<QaAeHEqeHIQqO<KAQq?AAMq^H[q
`<QqAAQqOAAYqVO`<QEYHJKAqYAAKZqeV<MZq?AeAqOA[qXYVADOAYg
KAQq ^H[q 0A^MAQq &^EZ=^YEq VDq 9AQAQ q )AqGVVD?VVYe<<KqHZq
aAMMH>G[q[AqfWAKAQqHQq?Aq=AM<QEYHJKAqYVMq`<Qq&Q[aAYXAQqVXq
A>VQVOHZ>GqEA=HA?q

`VYOHEAq KY<<Qq `AYaHIZ[q Q<<Yq 3A^YAQ=AYEq <MZq GAYKVOZ\q

: q
-A[q OVVHAq [<DAMKVODVVY[IAq ?VVYq 1AaHZq EAX^=MH>AAY?q
eVQ?AYq AAQq GAYKVOZ[q `VVYVXq [Aq eA[[AQ

qHZq AAQq`VVY=AAM@q
`VVYq GA[q `<KO<QZ>G<Xq ?AYq eEQ q 5V[Z>GOHA??YA>GZMAYq
EAAMEHA]AYZq ?HAq Z[^KKAQq OVAZ[AQq <D?Y<<HAQq :$q <D=q
q ,AMHIK<<Y?HEAq Z[oKKAQq aVY?AQq =Aa<<Y?q HQq 1VQ?AQq
1p=A>Kq 0VXAQG<EAQq AQq 6[V>KGVMO%q GHAY=HIq K^QQAQqQVFq
OAAY?AYAq ?AAMZq EAOAYK[Aq Z[^KKAQq <<QZM^H[AQ q -A[q KVOj
DVVY[JAq[Aq 1p=A>KqHZqEAOAYK[q-<QZq(GYHZ[VXGq-<^=AQ[<MAYq
Q<qq7dXHZ>Gq`VVYq?AqXYV?^K[ARqeHJQq=^H[AQq?AqEA?Y^Kk
[Aq`VYOq?Aq^H[EAZQA?AQq>HYKAMZ q ?YHA AQq`HAYMV==HEAqYVZA[l
[AQqVXq?Aqa<Q?qVQ?AY<<QqZ[AY`VYOHEq`AYaAYK[qA`AQ<MZqGA\q
`M<Kq G<Q?`<[q OA[q EAZ[dMAAY?Aq ?VMDHJQAQq )AYEAMHJKAq Z[^Km
KAQq K_QQAQq <<QEA[YVDDAQq aVY?AQq VXq Z>GHM?AYHJAQq `<Sq
,AVYEq +MAEAMq ^H[q +Y<QKD^Y[q 4Q[=HI[Z[HMMA`AQq q )Vn
Q<^AZ>GHQEAQq A`AQ<MZq VXq GA[q aAYKq `<Qq ?Aq -VMM<Q?ZCq
OAAZ[AYZq9HMMAOq '^d[AaA>GqAQq9HNMAOq(M<AZeq-A?<q8YVn
MHIKq EAeAMZ>G<X$q '^?<XAZ[q 6[HMMA`ATq q 2^ZA^Oq 'YAn
?H^Zq )AQq -<<Eq a<[q GA[q AcXVY[q `<Qq 3A^YAQ=AYEZq aAYLq
<<QaHJZ[q *AQq 3A^YAQ=AYEZq KVODVVY[IAq ^H[q GA[q 2^ZA^Pq
(^Y[H^Zq [Aq 1^HK
 HZq ^H[q GA[q YAA?Zq `AYOAM?Aq <[AMHAYq `<Uq
;HAEAQEAHZ[q GAYKVOZ[HE$q VVKq ?H[q [dXAq KVO[q VXq -VMM<Q?ZCq

-A[q aAYKq `<Qq GA[q <[AMHAYq `<Qq /VG<QQq 5AHQG<Y?q 1AQeq

q
qAQq(GYHZ[VXGq 1AQeq`<Qq<DqqHZqA`AQ<MZq[Aq
2qA>GAMAQ

 EVA?q`AY[AEAQaVVY?HE?q:$q:$q:$q
:$q :$q :$q OAYK[AKAQ q KAMK$q G^Qq aAYKq HZq OA[q
GVQ?AY?AQq V`AYq GAAMq *^YVX<q `AYZXYAH? q &<Qq GA[q KVYX^Zq
`<QqGA[qea<<YZ[AqZ[^KqqXVQ?qHZqeV<MZq[YV^aAQZq=HIqAQKAMAq
KMAHQAq Z[^KKAQq ?Aq a<Q?q `AYZHAY?q OA[q =<Q?AQq AQq Z[HXXAMh
OV[HA`AQq4XqGA[q?AKZAMqHZqAAQqKMAHQAq=A^EA
qOA[q=<M^Z[AYi
e^HMAQq <<QEA=Y<>G[q *AQq EAMHJKZVVY[HEq AcAOXM<<Yq a<<Y=HIq
?AeAqEYAAXqVQ[=YAAK[q:qA`AQ<MZqAAQqHA[b<[qea<<Y?AYq
Z[^Kq [Aq 'Y^ZZAMq ?<[q A`AQAAQZq `VVYeHAQq HZq `<Qq &Q[aAYXZAq
HJKOAYKAQqaAY?AQqQ<qq?VVYq&Q?YA<Zq;HAEAQEAHZ[q`AYg
`<<Y?HE?q OAYK[AKAQ!q ZMA^[AMq AQq XHIMq &q ;q .Qq &Q[aAYXAQq
EAHIK[Aq EAaH>G[AQq `<Qq eHJQq `VVYE<QEAYq ,AVYEq 6>GHNMAYq =Ag
`HQ?AQqeHBGqHQqGA[q5HIKZO^ZA^Oq[Aq&OZ[AY?<OqA`AQ<MZq[Aq
2A>GAMAQ

 eAMD?Aq OAYK[AKAQq ,q 6 q *AQq KMAHQq`VVY=AAM?q
HQq GA[q 8MAAZG^HZq HZq `<Qq AAQq M<[AYAq OAAZ[AYq `<Qq ?H[q <[AMHAYq
GAYKVOZ[HEq :q eAMD?Aq OAYK[AKAQq eVQ?AYq HQH[H<MAQq
-A[q HZq EAaA[AQq ?<[q =AX<<M?Aq <[AMHAYZq `VVYKA^Yq G<??AQq
`VVYq =AX<<M?Aq <DeA[EA=HA?AQq 4Xq <Q?AYAq EAaH>G[AQq K^Qh
QAQq A`AQAAQZq 3A^YAQ=AYEZAq OAYK[AKAQZq <<QEA[YVDDAQq
aVY?AQq : q KMVK$q :"q eAAOAAYOHQ$q :#q MAMHA q
*AQq <DEAZMA[AQq OAYK[AKAQq VXq AAQq `<<[KY<<Qq OA[q KYVVQ
q

  !(7*0
7 
 ")7 +07
 7 7 6"27 #*7  7*3"/50$27,50+&7 7
7  71%4
%+2760*7+"37 -.'-237
  7 6"27, 7

prU``EuEfp uggn Ef ryEECE EzEdk`;;n tUr )=EA] Up QE~

eEn]r dErSErdEn]rE]Efu;f 3rEkS;f gnprEn f; 
v;f SEd ygnCr EEf^`g_ugndUQE ];fCE`;;n UfCE ]En] rE
7gddE`QEe =Ey;;nC

 6;;pugndUQE yUZy;rEnu;rEf CUE
vEE` Uf:tUCtUrp`;fCEf 4{ng`uggn]gdEfyEnCEf |EEn
Ctf QECn;;UC 8  8   >EtQE
uEnu;fQEf Ef u;~
oU;frEdEr|EEndggUkngKUE`|gt]tffEftUr,EtnEf>EnQgK
*EASE`EfSEn]gdprUQ|UZf8 
4EfdUfprE];fUfu`gEC
tUr,EtnEf=EnQ;;fQErggfCygnCEf
'gkEnp`;QEnp ]tffEf Uf ,EtnEf=EnQ ;;fQEyE|Ef ygn~
CEfu;f ;KE|gvEnpknEUCE-EtnEf=EnQpESEn]gdpr
v;f CE CEAgn;rUEuE Uf CUE ugnd QEp`;QEf pASgrE`p tUr CE
aCEEfbCEEEty];fegEU`U[]=EyE|EfygnCEfgdC;r|E
}E`CEf QEdEn]r |UZf #Er Up EATrEo QEyErEf C;r |E dEr
CtU|EfCEf tUr ,EtnEf=EnQ f;;n ;``E CE`Ef u;f tngk;
yEnCEftUrQEugEnC gAtdEfrEftUr;fCEnEprECEfCUECE
<;fyE|UQSEUC u;f ]gkEnp`;QEnp =EyUZ|Ef pknE^Ef |E`CEf
guEn SEr tUr|UASr CEn pst_]Ef CE Ef]E`E dEr |E]EnTEUC
sgEQEyE|EfEzEdk`;nEf|UZfEASrEnu;fEEfrgr;;`uEnpASU`~
`EfCE ;;nC 2tCgcK nrStn 1E`r|En pkEAU;`Upr uggn dUC~
CEftngkFqE dEppVfQyEn]Ef =Ef;Cnt]r SEr MUr C;r SEr
wEnu;;nCUQEf u;f QECnEuEf pUEnpATgrE`p rgr SErEUfCE u;f
CECEEEty>EkEn]r=`EEKrgr,EtnEf=EnQ
  EkngCt]~
rUE tUr CE ,ECEn`;fCpE QE=UECEf uggn;` tUr Uf;fr gt~
uUQfEp +EASE`Ef Ef fryEnkEf Ef Stf ,ggnCCtUrpE ]g~
lUEGf u;fQrEEnprngfC

<;fEfugndEff;;nrEATfUE]
Ef prUZ` EEf ;PgfCEn`UZ]E QngEk 0g] CE dEEn nEAEfrE
.ECEn`;fCpEu;^`UrEn;rttn=EuEprUQrCErgrC;ftUrp`tUrEfCE
UfugEnCEntUrpEpASgrE`p
 
E >Epr RE]EfCE uggn=EE`CEf |UZf CE|E eEr EEf=nECE
n;fCEf nUZ^E uEnpUEnUfQ `puEE`uggn]gdEfCdgrUEK];f
SEr dEr =`gEpEd gK rE]pr=;fCEf gdQEuEf n;C u;f uUp~
=`;;pdgrUEwEfuEndEWCygnCEf8 ;K=E`ErrEnp
>ggrpEf |g;`p yE tUr CE dUCCE`EEtypE r;KJnE`Ef ]tffEf
gkd<]Ef ggprEnpE QEpBSnUKrEff; !EprEdkE`CEdgrUEuEf
gkCEpASgrE`n;fCEuEf;`pgkCEgkpr;fCngfCSErAEfrn;;`
dgrUEK uEnug``ECUQEf SEr CEAgn Ef ;fCEn uggn>EE`C
=nEfQr gnf<dEfr Ef pASnUO=;fCEf f;;pr E`]<;n 8 

=`gEdngpErrEf ]gdEf u;;] uggn 8  ;K@   E
EzEdk`;nEf tUr SEr 6`EEpStUpC;rEoEfnEECp tUr CEQEugn~
CEnCE CE EEty E wEnprEn]rE gdQEp`;QEf o;fC Up EEf
r{kUpAS]EfdE]uhgnCE|EkEnUgCE

;;nf;<pr]gdEf=gnCEfdErdgrUEuEftUrSEr0tCEEf
,UEtyE 4Epr;dEfr uggn f;;pr TEU`UQEf |E`CEf kngLfE
KUQtnEf E pATgrE` eEr CE |gfCEx;` ^gdr u;;] xggn
8 ;K=+ggUEEzEdk`;nEf|YfCE|EdErDE=ggC~
pAS;k 8  ;K=  Ef 3r&gnUp dEr CE Cn;;] 9 
;K=E;frUmtUpEnEfCEyUZ|Eu;ftUr=EE`CEfrggfr;;f
SgE prEn] rn<CUrUEp yEn]rEf Uf CE dEr;;`vEnyEn]EfCE
]tfpr<d=<ASrEf0i]CE|EpASgrE`ppr;ddEftUrCEryEE~
CETE`OCEnCEEEty
4yEE CUEkE pBSgrE`p yUEn ugnd ;;fp`tUr =UZ CE Q`;CCE
y;p>E^]EfpgfCEnCEQgrUpASEu;rEf|YfUErpungEQEngfr~
pr;;f E tUr|gfCEn`UZ^E pASgrE` dEr &gpt; Ef (;`E> CUE
dErCECntUuEfrngptUrSEr=E`ggKCE`;fCrStUp]gdEfU``tp~
rnEEnrHHfCEndEEprQE>E|UQCErSEd;ptUrSEr 0tD5Epr;~
dEfrEfyEnC UfCE A<r;`gQtpu;fSErdtpEtd;KQE>EE`C
8 kW6%% +En]y;;nCUQ UpExEfEEfpEEf>E]]EfdEr
SEr );d"gCp8 ;K=
$Er gxEn`gkEf u;f SEr dtpEtd>E|Ur rggfr;;f C;r Cj~
AtdEfrEf=ErnENEfCECEUfugEnu;f/EtnEf>EnQpE]gkEn~
kngCt]rEfUfCE,ECEn`;fCEfCggnEEffUErQEnUfQ;;fr;`
uggnyEnkEf>EuEprUQCygnCEf ggnEEfp{prEd;rXpATgf~
CEn|gE]|gtCEffgQ,EtnEf>EnQpEyEn]EfUfgkEf>;nEEf
knUuH uEn|;dE`UfQEf ]tffEf QEugfCEf ygnCEf 0g] >E~
u;rrEf CE ;nASUEuEf yE``UASr rgrfgQrgEgfQE]EfC>EyUZp~
d;rEnU;;`uggnCEuEnpknEUCUfQu;fCE,EtnEf=EnQpEdEp~
pUfQUfCtproUE 7UZ SgtCEf gfp uggn uEnCEnE ;;fyXZ|UfQEf
;;f>Eug`Ef Ef |UZf prEECp >EnEUC dECE rE yEn]Ef gd
=ngffEfd;rEnU;;` Efg?ZEArEfrEuEnyEn]EfEfuEnCEnE
uEnCtUCE`U\]UfQ CEn Agfr;ArEf rtppEf DE ,ECEn`;fCEf Ef
,EtnEf=EoQ Up gfQEryUZKI`C yEfpE`UZ] CUr |gt fUEr ;``EEf
uEnTE`CEnEfC |UZf uggn CE EAgfgdUpASE tUryUppE`UfQEf
CgAS|gtrEuEfpEEfZtUprEn>EE`C=nEfQEfuggnCEXfTEEd~
pE]En]E`UZ]EuggnyEnkEfEfStUpo;;C
55/<"; !<
(!!)

 !&.5//.45&,,).'</0&2<&.<2/.4<.57&30&.<
<.2< <&2+:
5&+&.4<7&2%&.<.)&5</0'&,/45<
 < &,59&2<).< #8&2< &)-#54$(659<
<

< 
 &.5< %6)9&.%<*##2<+6.45<&.<$6,5662<<1< 

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