Como Preparar Un Bosquejo para Predicar

!
"#$%#&'"
()%'&*+*&,#
-./"0&$&1+
2#34+#5+63()7*$&*"
'%3()%'&*+*&,#389:6&*+
;+<%0=3 ;&*=+)'
>)+'5**&,#3 /")
?")<+3 @A3 !+6+B+$%3 '%3 C%&)"0
!
!"#$%#&'"
#$%&&"$'($)*+,-.$)/0.*12
345678$ 81/9/:*7;
!"#$%&'#() *"'+%&'#(,) -) ./0$&01/'#*(+2) 3-4'-+) 2/#) 5$5+$"-+) %#(-"6$47
<2/5*28$,:$/:97=-$>81;
?*@,1$ ?88@-A$ *$ 2/B/-/8:$ 8C$ ?*@,1$ ?88@-$ D86-,$ E8+>*:(A$ FGHG$ ?8I$ JKLMA$ N1*:2
)*>/2-A$ OP$ !&"%JQJKLM
.55>;RRSSSG'*@,1'88@-G08+R
31*260/28$*7$,->*T87A$2,7$81/9/:*7$/:97=-$-,9U:$7*$06*15*$/+>1,-/V:;
8/#3-)9:);-+-2-&().()<($#/*
#$KWWK$>*1*$7*$>6'7/0*0/V:$,:$,->*T87$>81$XGYGZG<GYGEG$R$XGPG<G3G$[X6:2*0/V:$Y19,:5/:*
2,$ <260*0/V:$ ($ Y00/V:$ E8+6:/5*1/*\
YBG$<B*$F,1V:$"%MWA$E%!]&?^FA$E/62*2$Y65V:8+*$2,$?6,:8-$Y/1,-A$Y19,:5/:*G
.55>;RRSSSGC/,5G08+G*1R
C/,5_-/8:G08+
P+>1,-8$,:$7*$Y19,:5/:*$Q$`6:/8$2,$KWWK
3828-$78-$2,1,0.8-$1,-,1B*28-G$a/:96:*$>*15,$2,$,-5*$>6'7/0*0/V:$>6,2,$-,1$1,>18260/2*A
*7+*0,:*2*A$ 8$ 51*:-+/5/2*$ >81$ 06*7b6/,1$ +,2/8$ [91cC/08A$ ,7,051V:/08A$ +,0c:/08A$ 8
06*7b6/,1$8518\$,:$,->*T87A$-/:$7*$*6581/d*0/V:$,-01/5*$2,$XYZ<YEG
P^?a$ &LMQ&JJMKQeQe
f6,2*$.,0.8$,7$2,>V-/58$b6,$+*10*$7*$7,($%%GMK]
Z/-,T8$2,$06'/,15*;$g6/-$Y28:/-
Z/-,T8$2,$/:5,1/81;$Z*B/2$YG$)872c:
333333333D&:)+)E3"B3!"#F)%003!+$+6"F&#G&#G(5:6&*+$&"#3C+$+
)/0.*12A$ )*+,-.A$ %&"]Q
^01/>561,$ -067>561,;$ *$ 28Q/5Q(861-,7C$ +*:6*7$ C81$ '/'7/0*7$ >1,*0./:9
R$ )*+,-.$ )/0.*12G
>G$+G
P:0762,-$ '/'7/891*>./0*7$ 1,C,1,:0,-G
P^?a$ WQLW%WQMMM!Q"
%G$F1,*0./:9G$KG$?/'7,hD8+/7,5/0*7$6-,G$PG$3/57,G
?i!K%%GKG)"K$ %&&"
K"%Q20KW &!Q]!J%"
E7*-/C/0*0/V:$ Z,0/+*7$ Z,S,(; K"%

%G$ F1,2/0*0/V:$ KG$ ?/'7/*hD8+/7=5/0*
P+>1,-8$ >81$ )8',158$ N1*:0.*18CC$ ,$ ./j8-

3*>*7b6=$"LJLA$?6,:8-$Y/1,-A$Y19,:5/:*A$,:$j6:/8$2,$KWWKG
"
!"#$%#&'"
<(.$"-"$=4
Y$+/$>*21,A
,7$),BG$Z1G$ZG$`8.:$)/0.*12A
b6/,:$51*'*j*$2618
,:$7*$>1,2/0*0/V:$($7*$,:-,T*:d*
2,$7*$F*7*'1*$2,$Z/8-
08:$.c'/7,-$>*7*'1*-
<7$,-$2/9:8$2,$28'7,$.8:81G
[%$3/+85,8$"G%M\
>("/4/"$3$(4&/*
<:$ 1*dV:$ 2,$ b6,$ ,7$ *0,18$ *C/7*$ *7$ *0,18A$ B*(*$ 6:*
91*5/562$,->,0/*7$*$+/-$087,9*-$,:$,7$2,>*15*+,:58
2,$ O/:/-5,1/8-$ F*-581*7,-$ 2,7$ ^,+/:*1/8$ 3,87V9/08
2,$ Z*77*-$ ($ *$ +/-$ ,-562/*:5,-$ ,:$ -,+/:*1/8-$ 2,
>1,2/0*0/V:$ ,:$ B*1/8-$ >*4-,-G$ g8-$ >1/+,18-
08:-5/56(,:$ ,7$ 7*'81*581/8$ *0*2=+/08$ >*1*$ ,-5,
-/-5,+*$ .8+/7=5/08k$ 78-$ -,96:28-$ 1,U:,:$ *
>1,2/0*281,-$ >*1*$ >18'*1$ ,7$ +=5828$ ,:$ 7*-
1,*7/2*2,-$>1c05/0*-$2,7$+/:/-5,1/8$2,$>1,2/0*0/V:G
J J
!"#$%#&'"
!"#$%#&'"
F1,C*0/8
H#$)"'5**&,#I3 4"$&1+*&,#J3 '%B&#&*&,#J3 E3 1&0&,#3 '%
*"#K5#$"3 '%63 /)"*%0"
-63/)"*%0"3'%36+3%./"0&*&,#3:9:6&*+
%G <-562/,$,7$5,I58
?-)@"-#4(A).(+)%-*-B(
KG <-5160561,$,7$5,I58
C+)@(*D'(+(&/A.(+)%-*-B(
]G g*$>18>8-/0/V:$0,:51*7$2,7$5,I58
C+)@"/#-E=4A).(+)%-*-B(
!G <7$>18>V-/58$>6,:5,
C+)@"(#(5#/A).(+)%-*-B(
"G g*$>18>8-/0/V:$0,:51*7$2,7$-,1+V:
C+)@"/#-E=4A).(+)*(#3=4
JG <-5160561,$,7$-,1+V:
C+)@(*D'(+(&/A).(+)*(#3=4
MG F1,2/b6,$,7$-,1+V:
?-)@"-#4(A).(+)*(#3=4
<>47898
M
!"#$%#&'"
L/M#'&*%0
%G g8-$',:,C/0/8-$2,$7*-$7,:96*-$81/9/:*7,-$>*1*$>1,2/0*281,-
KG <7/9/,:28$6:$5,I58$>*1*$-6$-,1+V:
]G a85*-$ /:518260581/*-$ -8'1,$ 91*+c5/0*
!G g8-$>,7/918-$2,$7*$>1/:0/>*7/d*0/V:
"G Y:c7/-/-$ .,1+,:=65/08$ ($ *>7/0*0/V:$ .8+/7=5/0*$ 2,$ 5,I58-
:*11*5/B8-
JG F18>8-/0/8:,-$0,:51*7,-;$6:$>180,2/+/,:58$*B*:d*28
MG E8+>1,:2/,:28$*$-6$*62/,:0/*;$,I=9,-/-$2,$7*$067561*
LG g8-$,7,+,:58-$2,7$'8-b6,j8$2,$6:$-,1+V:$08+>,5,:5,
&G l:$,j,+>78$2,$/:5182600/V:$*7$-,1+V:
%WG X81+*-$>*1*$7*$/:5182600/V:$*7$-,1+V:
%%G E6,-5/8:*1/8$2,$,B*76*0/V:$2,7$-,1+V:
a85*-
?/'7/891*C4*
L
!"#$%&'(
!"#$%$&'()&'(*+$,*&'-*.&/()*.0$&'1/.'&)%$',$2/%$&
-$,' 3$&' /.0)45$&67' &*' 85*+/2/' 9(*,&$.:' ;*
*.<$.0,/%$'85*'*&0*'0)-$'%*'-3/4)$'*&'(=&'<)*,0$'/3
-,*&*.0/,'5./'&*<5*.<)/'-/,/'3/'-,*-/,/<)>.'%*'5.
&*,(>.'85*'*.',*3/<)>.'<$.'<5/385)*,'$0,$'0>-)<$'*.
*3'85*'1/?/'*&0/%$'(*0)%$:'9&0*',$2$'/.0)45$'$<5,,)>
*.'3/'/50$-)&0/'%*3'0,=@)<$').0*3*<05/3').<35&$'/.0*&'%*
85*' ?$' ./<)*,/:' AB*' 85C' $0,/' (/.*,/' &*' -5*%*
*D-3)</,'3/'-,=<0)</',*0>,)</'?'*3')(-/<0$'1$()3C0)<$
%*' 5.' E,)&>&0$($F' 5.' G45&0H.F' 5.' G85).$F' 5.
IJ).43)$F'5.'E/3K).$F'5.'L.$DF'5.'M/D0*,F'5.'N*&3*?F
5.'M,$$O&F'$'5.'P-5,4*$.F'85*'.$'&*/'-$,85*'*33$&
(*'1/.',$2/%$:Q'9&'(=&F'.)'&)85)*,/',*<$.$<)*,$.'3/
@5*.0*' *K*.05/3' %*' &5&' -*.&/()*.0$&' &$2,*' 3/
-,*%)</<)>.:'G3'@)./3F'3/&'KH<0)(/&'%*3',$2$'&/2*.'85*
1/.'&)%$',$2/%/&:'R$'.$'&/2H/'85*'*&0$'(*'*&0/2/
$<5,,)*.%$:'S/'K)%/'*&').+5&0/:
B*&-5C&'%*'<$.%*./,'/'3$&'/.0)45$&'-$,',$2/,
()&'-*.&/()*.0$&F'(),$'/'()&'<$.0*(-$,=.*$&'?'3$&
/<5&$'%*'/-,$K*<1/()*.0$'0*3*-=0)<$:'9.'5.'(*%)$
/(2)*.0*' /</%C()<$' ?' -523)<)&0/' *D<*&)K/(*.0*
<$(-*0)0)K$F' ()&' K)*+$&' -,$@*&$,*&' ?' <$3*4/&' (=&
&/2)$&' 1/.' 3*H%$' ()&' -*.&/()*.0$&F' 3$&' 1/.
*(-/85*0/%$F' ?' -,$($K)%$' /.0*&' %*' 85*' ?$' 1/?/
T
!"#$%&'(
0*.)%$'$-$,05.)%/%'%*'-523)</,3$&:'P*'1/.'/-$%*,/%$'%*'3$'85*
?$'85*,H/'%*<),'?'3$'1/.'-,*&*.0/%$'*.'5./'@$,(/'(5<1$'(*+$,:
R'/1$,/'1*'85*%/%$'<$($'85*'?$'3$'0$(C'%*'*33$&:'AB*'85C'$0,/
(/.*,/' -5*%*' 5.$' *D-3)</,' 3$&' *&<,)0$&' 1$()3C0)<$&
*D0,/$,%)./,)$&' $' 3/' *.*,4H/' *.' *3' -V3-)0$' %*' 5./' 15*&0*' %*
-/&0$,*&'?'-,*%)</%$,*&'<$.0*(-$,=.*$&W'X5*K/(*.0*F'?$'&$?
*3'85*'-)*,%*:'S/'K)%/'*&').+5&0/:
"93'&>3$'1*<1$'%*'K*.0)3/,'()&'85*+/&'@,*.0*'/'5&0*%'()'3*<0$,
(*'0,/*'/3)K)$6'Y*,$'.$'(*'/2&5*3K*'%*',*&-$.&/2)3)%/%'-$,'3/&
-=4)./&'85*'&)45*.:
Z=&' %*' [UU' 0H053$&' &$2,*' 3/' -,*%)</<)>.' $<5-/.' *3' =,*/
M\]^QQ'%*'3/'M)23)$0*</'#5,-).'%*3'P*()./,)$'%*'B/33/&:'E5/.%$
/4,*4/($&' 3/&' ,*K)&0/&' ?' /,0H<53$&' 85*' *&0=.' %*%)</%$&' /' 3/
%).=()</'?'(*<=.)</'%*'3/'-,*%)</<)>.F'*3'0$0/3'*D<*%*'3/&'Q:UUU
-,$%5<<)$.*&'*.'3/'1)&0$,)/',*<)*.0*'_à]'/:'%*'E:'bG,)&0>0*3*&cd
QTTe'%:'%*'E:f:';*'*D/()./%$'3/'(/?$,'-/,0*'%*'*33$&'?'&C'85*
*&0*'3)2,$'.$'*&'5./'<$.0,)25<)>.'/'3/'*(-,*&/'1$()3C0)</'85*'.$
1/?/' &)%$' /@*<0/%/:' g*/3(*.0*' -5*%*' <$(*.h/,' *3' <$.0*$
,*4,*&)K$'%*'3/'0*$,H/'?'-,=<0)</'1$()3C0)</:'P).'*(2/,4$F'*.',/h>.
%*'85*'3/'K)%/'*&').+5&0/'*').+5&0/'-/,/'0$%$&F'3$&'(/*&0,$&'0)*.*.
85*'/<$($%/,&*'/'()&'-*85*i/&'/@),(/<)$.*&'&$2,*'3/'(/0*,)/:
S/'@)3$&$@H/'?'-,/D)&'%*'*&0*'!*(-/,<1*'%*'-3/4)$&7^'*&0=
<$.@)45,/%/' -$,' 5./' <,$.$3$4H/' ' %*' K*).0)<).<$' /i$&' %*
)(-*,@*<<)$.*&' -*,&$./3*&:' 93' 3)2,$' <$(*.h>' ,*/3(*.0*' *.
*D-*,)*.<)/&' /%$3*&<*.0*&' %*' -,*%)</<)>.' !/3' /),*' 3)2,*7' *.' 3/&
</33*&'%*3'(*,</%$'%*'Z/%,=&F'*.'*3'&5,'%*'3/'j.%)/:'9.'*&0*'0)*(-$
@$,(/0)K$'%*'()'K)%/F'*&05K*'*D-5*&0$'/'3/'-,*%)</<)>.'*@*<0)K/
%*' ()' -/&0$,F' P/(5*3' L/(/3*&$.F' *.' 3/' j43*&)/' Z*0$%)&0/
9((/.5*3:' 93' *&0H(53$' %*' <$(-/i*,$&' /%$3*&<*.0*&' <5/.%$
-,*%)<=2/($&' *.' 3/' /,*./' %*' 3/&' -3/?/&' ?' *.' 0,*.*&' *3C<0,)<$&
<$.0,)25?>'/'*&0*'3)2,$:'93'*&0)3$'%*'K)%/'<$.&)&0*.0*'%*'()'-/%,*F
k5/.'g)<1/,%'d85)*.'/(/'/'E,)&0$F'*3'().)&0*,)$'?'3$&'3)2,$&d
(*'%)$'5./'1*,*.<)/'K*.0/+$&/:
9.'*3'P*()./,)$'%*'B/33/&'@5)'@$,h/%$'/'(*+$,/,'*3'%$.'%*
-,*%)</<)>.:' M5*.$&' -,$@*&$,*&' ,*453/,$.' ?' /@),(/,$.' ()&
*D-*,)*.<)/&' %*' -,*%)</<)>.:' k/(=&' $3K)%/,C' *3' <$(*.0/,)$' %*
;/%%$.'g$2).&$.'%*&-5C&'%*'5.'(=&'2)*.'%)@H<)3'*K*.0$'*&-/<)$l
0*(-$,/3'33/(/%$'!j.0,$%5<<)>.'/'3/'Y,*%)</<)>.'9D-$&)0)K/'[U`:7
QU
!"#$%&'(
B)+$m' !"P,:' g)</,%$F' .$' &)*.0$' *3' (*.$,' %*&*$' %*' *&<5<1/,3$67
An5*'*&0$'-$&)23*(*.0*'5.'*&0H(53$'-/,/'(*+$,/,'()'-,*-/,/<)>.
?' -,*%)</<)>.W
S/&',*&-5*&0/&'%*'()'<$.4,*4/<)>.'/'()'-/&0$,/%$'<*.0,/%$
*.'*3'-V3-)0$'*.'3/'E$(5.)%/%'MH23)</'%*'B*31)F'*.'*3'.$,0*'%*
j.%)/F' ,*@$,h/,$.' *3' 33/(/%$' /' *D/30/,' 3/' -,*%)</<)>.' <$($' *3
*K*.0$'&*(/./3'<*.0,/3'%*'3/'K)%/'%*'3/')43*&)/:'o./'@/()3)/'85*
05K$' 85*' (5%/,&*' /' M$(2/?' *&<,)2)>m' !M$(2/?' *&' %*' <3)(/
(=&'0*(-3/%$F'(=&'%*.&/(*.0*'-$23/%/'?'(=&'$,%*./%/'*.'*3
0,=.&)0$:' Y*,$' K$?' /' *D0,/i/,' 3/' </(/,/%*,H/' ?' 3$&' KHK)%$&
&*,($.*&'&*(/./3*&:';*'/&)&0)%$'/'5.'-/,'%*'<530$&'/85HF'-*,$
&)' (*' -*,()0*' %*<),3$' /&HF' 3/' -,*%)</<)>.' /85H' *&' <$($' 0$(/,
5./'<*,K*h/'%*&-5C&'%*'5.'25*.'J1)&O*?'*&<$<C&:'Y:B:'Y*,%$.*
-$,'5&/,'5./'<$(-/,/<)>.'85*'5&0*%'.$'1/'0*.)%$'*3'45&0$'%*
1/2*,'*D-*,)(*.0/%$:7`
93'().)&0*,)$'@3$,*<)>'?'3/'.*<*&)%/%'<,*<)*.0*'%*'3H%*,*&'%*
*&05%)$'2H23)<$'(*'@$,h>'/'*.&*i/,'*3'-,$<*&$'%*'3/'-,*%)</<)>.
/'+>K*.*&'<$(-/i*,$&'</%/'&*(/./:'G345.$&'%*'*&0$&'&*'1/.
%*&/,,$33/%$'<$($'*D<*3*.0*&'-,*%)</%$,*&:
ZV30)-3*&' $-$,05.)%/%*&' %*' -,*%)</<)>.' /' 5.' .)K*3
).0*,./<)$./3'(*'*D-5&)*,$.'/'4,/.%*&'/5%)*.<)/&'%*'-/&0$,*&'?
3H%*,*&' *<3*&)=&0)<$&' 85*' 0*.H/.' 85*' ().)&0,/,' &*(/./3(*.0*' ?
(5<1/&'K*<*&'/'<$.4,*4/<)$.*&'.5(*,$&/&:'9&0$&'1/2H/.'0*.)%$
-$</'$'.).45./'</-/<)0/<)>.'@$,(/3'*.'-,*%)</<)>.F'-*,$'%*2H/.
-,*%)</,:'P$.'33/(/%$&F'*&0=.'%$0/%$&'?'&$.'.$(2,/%$&'-/,/'3/
0/,*/:'A;/2H/'/345./'(/.*,/'*.'85*'?$'-5%)*,/'<$(-/,0),3*&'*3
-,$<*&$W' A;/2H/' /34V.' -,$<*&$' %*' -,*-/,/<)>.' %*' &*,($.*&
&)(-3)@)</%$'?'/%/-0/23*'0,/.&<5305,/3(*.0*'85*'3*&'-5%)*,/'&*,
)(-/,0)%$W
93'P*()./,)$'%*'B/33/&'(*'%)$'$0,/'$-$,05.)%/%:'E$($
).&0)05<)>.').<3)./%/'/'3/'1$()3C0)</F'(*'-,$K*?>'%*'5.'3/2$,/0$,)$
*.'*3'85*'-5*%$'(/.0*.*,'3/&'<5*&0)$.*&'%*@).)%/&'?'/-3)</%/&
<$.' 3$&' -/&0$,*&' ?' -,*%)</%$,*&' 85*' K)*.*.:' !!"#$%
&'()*'+(,-'+.' -,$K**' 3$&' ,*<5,&$&' -/,/' *85)-/,' /' -/&0$,*&F
-,*%)</%$,*&' ?' -*.&/%$,*&' *.' ,*4)$.*&' *<$.>()</(*.0*
</,*.<)/%/&'%*'-*,)<)/&'-/,/'*3'-V3-)0$F'1*,,/()*.0/&'%*'*&05%)$
?',*<5,&$&'().)&0*,)/3*&:
QQ
!"#$%&'(
P$2,*'*&0/'-3/0/@$,(/'$,4/.)h/<)$./3(*.0*'&)(2)>0)</F'1*
/,(/%$' 5.' -,$<*&$' %*' &)*0*' -/&$&' -/,/' 3/' <$.@)45,/<)>.' %*3
&*,(>.F' -/,/' -/&0$,*&' ?' 3H%*,*&' *.' 3$&' -/H&*&' .*<*&)0/%$&' %*3
(5.%$:'9.',/h>.'%*'85*'1/'&)%$'@$,+/%$'/'-/,0),'%*'3/&'@3/85*h/&
%*' <)*.0$&' %*' &*()./,)&0/&' ?' ()3*&' %*' -/&0$,*&' *.' &*()./,)$&
&$2,*'-,*%)</<)>.'*D-$&)0)K/'*.'0$%$'*3'(5.%$F'"?$'&C'85C'*&'3$
85*'.$'%*2*'1/<*,&*'<$.'*3'0*D0$'$'*.'*3'-V3-)0$6'9&-*,$'1/2*,
-$%)%$'<$.K*,0),'3/&')(-*,@*<<)$.*&'-*,&$./3*&'?'3$&'*,,$,*&'%*
3$&'*&05%)/.0*&'*.'5.'@$,(/0$'-$&)0)K$:'Z*'1*'&*.0)%$'4,/0)@)</%$
<$.' 3/' ,*&-5*&0/' %*' -,*%)</%$,*&' *.' %)@*,*.0*&' <5305,/&' 85*
-)*.&/.' 85*' 1/.' ,*<)2)%$' 5.' -,$<*&$' 85*' -5*%*' &*,' 5&/%$
<$.&)&0*.0*(*.0*'*.'&5'().)&0*,)$'%*'-,*%)</<)>.',*453/,:
S$' 85*' 0/(2)C.' *&' 4,/0)@)</.0*' *&' 3/' ,*&-5*&0/' %*' 3$&
&*()./,)&0/&'%*'<5/,0$'/i$'85*'&)*.0*.'85*'*.'*&0*'@$,(/0$'&*
&).0*0)h/.' ?' 5.)@)</.' 0,*&' /i$&' %*' *D<*3*.0*' -,*-/,/<)>.
1$()3C0)</'-/,/'*3'().)&0*,)$'&*(/./3:]'9&0*'(/.5/3'.$'@5*'*&<,)0$
*&-*<H@)</(*.0*'-/,/'5&0*%F'*3'-,*%)</%$,'*D-*,)(*.0/%$F'-*,$
<,*$'85*').<35&$'5&0*%'3$'K/'/'*.<$.0,/,'V0)3:
S/' $2,/' *&0=' %)K)%)%/' *.' 0,*&' -/,0*&:' S/' ).0,$%5<<)>.
-,*&*.0/'3/'($0)K/<)>.'-/,/'3/'-,*%)</<)>.'*D-$&)0)K/'/&H'<$($
5./' %*@).)<)>.' ?' 5./' K)&)>.' %*' <$.+5.0$' %*3' -,$<*&$' %*' 3/
-,*%)</<)>.'*D-$&)0)K/:'9&0*'-,$<*&$'*&'%*3).*/%$'*.'&)*0*'-/&$&:
Y5*%*.' *&0/,' &*-/,/%$&' <$($' 5.' (/.5/3' -,=<0)<$' &$2,*
-,*%)</<)>.'*D-$&)0)K/:'9&0$&'</-H053$&'&54)*,*.'0/(2)C.'!-/&$&
%*'/<<)>.7'-/,/'85*'5&0*%'0$(*:'Y/,/'3/'(*+$,'<$(-,*.&)>.'%*3
(C0$%$'-,$-5*&0$F'*&'.*<*&/,)$'&*45),',*/3(*.0*'3$&'-/&$&'%*
/<<)>.:' Z/.0*.4/' &5' 3=-)h' /' (/.$:' S*/' 3*.0/(*.0*' ?' <$.
/0*.<)>.:'9&<,)2/'*.'3$&'(=,4*.*&'%*'*&0*'(/.5/3'$'1/4/'&5&
.$0/&'*.'5.'<5/%*,.$'%*&)4./%$'-/,/'*&0*'*&05%)$:'S/'0*,<*,/
-/,0*'%*'*&0*'3)2,$F'3$&'/-C.%)<*&F'0,/0/.'<$.'<5*&0)$.*&'*&-*<H@)</&
_).0,$%5<0$,)/&'?'0C<.)</&f'?'-5*%*.'&*,'<$.&530/%$&'/'(*%)%/
85*'0*.4/'.*<*&)%/%'%*'*33$&'()*.0,/&'0,/2/+/'<$.'3$&'-/&$&'Qpq:
G3' )45/3' 85*' <5/385)*,' $0,/' -*,)<)/F' /-,*.%*,' /' -,*%)</,
-,*&5-$.*'*&@5*,h$F'<$.<*.0,/<)>.'?'5&$:'R$'%*&*$'85*'*3'-,$<*&$
%*'-,*%)</<)>.'*D-$&)0)K/'&*'0,/.&@$,(*'*.'5./'-/,0*'%*'&5'K)%/:
r5)*,$'85*'5&0*%'&*/'</-/h'%*'/-3)</,3$'&).'&)85)*,/'-*.&/,3$:
Y*,(H0/(*'&54*,),3*'5./'*&0,/0*4)/'-/,/'*.&*i/,&*'5&0*%'()&($
Q^
!"#$%&'(
*&0*'&)&0*(/:
9&<$+/'5.'0*D0$'2H23)<$'85*'85)&)*,/'-,*%)</,'*.'%$&'(*&*&:
B*%)85*' 5./&' -$</&' 1$,/&' 5.' %H/' /' 3/' &*(/./' %5,/.0*' 3/&
&)45)*.0*&'&)*0*'&*(/./&'/'/-3)</,'*&0*'(C0$%$'%*'-,*-/,/<)>.
%*' &*,($.*&:' ;/4/' 5.' -/&$' </%/' &*(/./:' S5*4$' *&<$+/' $0,$
0*D0$:'E$(-,)(/'*3'-,$<*&$'%*'&)*0*'-/&$&'/'0,*&'&*(/./&'?'(*%)/:
n)./3(*.0*F'1/4/'*3'-,$<*&$'*.'5./'&*(/./:'o./'K*h'85*'1/?/
/-3)</%$' *3' (C0$%$' 5./&' 0,*&' K*<*&F' *.<$.0,/,=' 85*' &*' 1/
0,/.&@$,(/%$'*.'-/,0*'%*'&5'K)%/:
AY5*%$' ).0,$%5<),3$' /3' -,$<*&$' %*' 3/' -,*%)</<)>.
*D-$&)0)K/W
Q`
!"#$%&'(()*"
!"#$%&'$()*+,-.$)$'$()+/
%$0$()+,-+'")12)#"+,-3+45"'-0"
#$%&$'%()*$+'%+*%,&-)./)+'+*/%'0&*-'%+*1%2.(*1%34'-'
*$% 51.-)$6% */('+.% +*% 34'-'6% 7)8*-)'6% &/(*+% 9'% '
*$,.$(-'-% 1'/% *:;&)/)('/% */,&1(&-'/% *$% <'+*-'% +*
='$)*16%&$%*/,&1(.-%*:,*1*$(*>%#1%*/,.8*%1'%,'.?'%<@/
0)$'%A%1'%(-'$/0.-<'%*$%B'18.%?*11.%CA%+*%D1',*-%D'-'
'18&$./E%D'-'%/)*<D-*>F
G&9*% 1'% .D.-(&$)+'+% +*% .?/*-9'-% '% ='$)*1
<)*$(-'/%('11'?'%&$'%D)*H'%+*%<'+*-'>%I'%D)*H'%*-'
(.+'%&$'%D-.<*/'%*$%/&/%<'$./>%#1%('11'+.%*$%<'+*-'
*/% &$% '-(*% A% &$'% ,)*$,)'>% I'% D'-(*% ,)*$(J0),'% +*% 1'
(K,$),'% */,&1(L-),'% */% ,.<D'-()+'% D.-% (.+./% 1./
?&*$./%*/,&1(.-*/>%M*-.%1'%D'-(*%'-(J/(),'%*/%$*,*/'-)'
D'-'%,-*'-%&$'%D)*H'%9*-+'+*-'<*$(*%N*-<./'>%O'+'
&$'% +*% 1'/% */,&1(&-'/% +*% ='$)*1% */% &$% '&(L8-'0.
*:,*1*$(*% +*% /&/% ('1*$(./% '-(J/(),./6% D-*D'-',)L$% A
+*+),',)L$%'1%(-'?'P.>
O)*-(.% +J'% $./% D&/)<./% '% ,.$9*-/'->% #1
+*/,-)?)L%?-)11'$(*<*$(*%*1%D-.,*/.Q%B#1%@-?.1%*/%1.
;&*%=)./%N',*R%1'%*/,&1(&-'%*/%1.%;&*%='$)*1%N',*%,.$
1.%;&*%=)./%N'%N*,N.>F
#$% */(*% ,.<*$('-).% D*-,*D()9.% *$,&*$(-.
<&,N./%D'-'1*1./%,.$%1'%D-*D'-',)L$%A%,.<&$),',)L$
+*%&$%/*-<L$%*:D./)()9.>%I'%S)?1)'%*/%1.%;&*%=)./%N'
N*,N.R%1./%/*-<.$*/%/.$%1.%;&*%$./.(-./%N',*<./
!"
+$,&)(-()*"./01%2)#)3-
,.$%1.%;&*%=)./%N'%N*,N.>%U&,N./%D&*+*$%+&D1),'-%*1%<K(.+.>
I./%?&*$./%D-*+),'+.-*/%,.<D'-(*$%,'-',(*-J/(),'/%,.<&$*/%+*
*/(&+).%A%,.<&$),',)L$>%V)$%*<?'-8.6%,.<.%'-(*6%/&%/*-<L$%*/
D*,&1)'-<*$(*%/&A.>%W$'%,.<?)$',)L$%+*%('1*$(./6%D-*D'-',)L$
A%(-'?'P.%+&-.%9'%'%D*-/.$'1)H'-%/&%.?-'>
M.-%/&D&*/(.6%N'A%&$'%+)0*-*$,)'%*$(-*%&$'%*/,&1(&-'%+*
<'+*-'% A% /&% /*-<L$>% XI'% 9)+'% <)/<'Y% W$% @-?.1% 9)9.% */
(-'$/0.-<'+.% *$% &$'% ?*11'% D)*H'% )$*-(*>% V&% /*-<L$6% ?'P.% 1'
/&D*-9)/)L$%+*1%=)./%9)9)*$(*6%(-'$/0.-<'%'%1'%M'1'?-'%9)9)*$(*%+*
=)./%*$%&$%/*-<L$%;&*%*$,)*--'6%,.<&$),'%A%,-*'%9)+'%*$%/&/
.A*$(*/>%V&%/*-<L$%*/%<@/%;&*%&$'%,./'%?*11'%A%+*%/'()/0',,)L$
D*-<'$*$(*>%#/%'18.%;&*%()*$*%;&*%9*-%,.$%1'%9)+'%*(*-$'>
I'%S)?1)'%*/%1.%;&*%=)./%N'%N*,N.>%I./%/*-<.$*/
/.$%1.%;&*%$./.(-./%N',*<./%,.$%1.%;&*%=)./%N'
N*,N.>
4-.",(,2)&-&.&,.5-.1$,&)(-()*".,01%2)#)3-
=*/'0.-(&$'+'<*$(*6% N'A% '18&$./% D-*+),'+.-*/% ;&*% $.

,-**$%;&*%1'%S)?1)'%*/%1.%;&*%=)./%N'%N*,N.>%2'A%D-*+),'+.-*/
)$,-K+&1./%;&*%.,&D'$%DZ1D)(./%'%1.%1'-8.%+*%$&*/(-'/%()*--'/>
#11./%$.%,-**$%*$%1'%M'1'?-'%+*1%V*[.-%$)%*$%*1%V*[.-%+*%1'%M'1'?-'>
U'$(*$8.%&$'%,.--*/D.$+*$,)'%,.$/('$(*%,.$%,)*-(.%.?)/D.6%&$
;&*-)+.% N.<?-*% +*% =)./6% ;&*% */(@% -.+*'+.% +*% /',*-+.(*/
)$,.$9*-/./>%2'$%'<*$'H'+.%,.$%+*/N',*-/*%+*%K1%*$%-'HL$%+*
/&%D./),)L$%*9'$8K1),'>%#11./%$.%,-**$%;&*%1'%S)?1)'%*/%1.%;&*
=)./%N'%N*,N.>
2'A% .(-./% D-*+),'+.-*/% ;&*% ,-**$% ;&*% 1./% /*-<.$*/
D&*+*$% N',*-/*% /)$% 1'% S)?1)'>% #/(@$% .,&D'+./% *$% ,.<D'-()-
D'-@?.1'/%,.$(*<D.-@$*'/%.%)$0.-<',).$*/%;&*%,.$/)+*-'$%/.$
+)8$'/%+*1%DZ1D)(.>%\*$*-'1<*$(*%*/(./%/*-<.$*/%/*%*$,&*$(-'$
*$%DZ1D)(./%*-&+)(./6%,.$%)1&/(-',).$*/%*:(-'J+'/%+*%1./%+*D.-(*/6
1'%<Z/),'6%1'%D.1J(),'%A%1'%,&1(&-'6%D*-.%/&%,.$(*$)+.%?J?1),.%*/
<J$)<.>%#$%&$'%8-'$%,)&+'+%'/)@(),'6%&$%1'),.%'/(&(.%/*%1'<*$('?'
!T
!"#$%&'(()*"
+*%1'%'&/*$,)'%+*%1'%S)?1)'%*$%1./%/*-<.$*/%+*%/&%D'/(.->%BU)
D'/(.-%$.%,-**%;&*%1'%S)?1)'%/*'%1.%/&0),)*$(*<*$(*%/.0)/(),'+'
D'-'%/&%'&+)*$,)'6F%<*%+*,J'>%BU)%D'/(.-%$.%'1)<*$('%'%.9*P'/>
X#1%1*%N'?1'%'%P)-'0'/YF
2'A%.(-./%D-*+),'+.-*/%;&*%$.%,-**$%;&*%1./%D-*+),'+.-*/
+*?*$% D-*D'-'-% *1% /*-<L$>% 7.% (-'?'P'$% ,.$% */0&*-H.% *$% *1
<)$)/(*-).%+*%1'%D-*+),',)L$>%=*%<'$*-'%(JD),'%A%D.,.%D-@,(),'6
*/D*-'$% /*-% 11*$./% +)9)$'<*$(*% *$% 1'% <.1)*$+'% +*1% <.<*$(.
/*-<.$J/(),.>% W$% '<)8.% D'/(.-6% ;&*% (*$J'% */('% 0)1./.0J'% +*
D-*D'-',)L$%+*1%/*-<L$6%*/('?'%1)/(.%D'-'%-*,)?)-%&$%8.1D*%+&-.6
<)*$(-'/%*/D*-'?'%*$%*1%DZ1D)(.%D.-%&$'%D'1'?-'%+*1%,)*1.%*$%*1
Z1()<.%<)$&(.>%2'?J'%/)1*$,).>%#1%+)'1.8'?'%,.$%=)./%*$%,&'$(.
'%1'%D-.<*/'%+)9)$'%+*%11*$'-%'%/&/%/)*-9./%,.$%<*$/'P*/%+)9)$./>
^% N'?J'% /)1*$,).>% _)$'1<*$(*6% *$% (.('1% +*/*/D*-',)L$% ,1'<LQ
B=)./6%+)<*%'18.%/.?-*%*1%<*$/'P*%+*%*/('%<'['$'>F%^%=)./%1*
+)P.Q%B2)P.6%X$.%(*%D-*D'-'/(*Y
_)$'1<*$(*6% N'A% D-*+),'+.-*/% ;&*% N'$% '?'$+.$'+.% 1'
D-*+),',)L$%,.<.%*1%K$0'/)/%,*$(-'1%+*%/&%<)$)/(*-).>%=*P'$%+*
1'+.%'%1'%D-*+),',)L$%,.<.%&$%<)$)/(*-).%D-).-)('-).%A%D-*/*$('$
1'/%$*,*/)+'+*/%+*%1'%,.<&$)+'+%.%1./%<)$)/(*-)./%+*%,.$/*P*-J'
.% ,&'1;&)*-% .(-'% '8*$+'% )<D*-)./'% ,.<.% 1'% % D-).-)+'+% <@/
)<D.-('$(*>%I'%D-*+),',)L$%+*%1'%S)?1)'%/*%N'%(.-$'+.%*$%'18.
/*,&$+'-).% *$% 1'% P*-'-;&J'% +*% 1'/% ('-*'/% <)$)/(*-)'1*/6% A% 1'/
$*,*/)+'+*/% &-8*$(*/% +*% 1'% /.,)*+'+% ,.$/&<*$% 1'/% *$*-8J'/
D-)<'-)'/%+*1%D-*+),'+.->
W$'%<'['$'6%,&'$+.%&$%'<)8.%-*8-*/L%+*%1'%)81*/)'6%1*
D-*8&$(K%+*%;&K%N'?J'%N'?1'+.%*1%D-*+),'+.->%#1%-*/D.$+)L%;&*
*1%(*<'%+*1%,&1(.%+.<)$),'1%0&*%BG-*/%D'1'?-'/%;&*%,'+'%,-)/()'$.
+*?*%&/'->F%B`^%,&@1*/%*-'$aF%D-*8&$(K>%#1%-*/D.$+)LQ%B\-',)'/6
D.-%0'9.-6%A%1.%/)*$(.>F
bN.-'6%&$.%$.%()*$*%;&*%)-%'%1'%)81*/)'%D'-'%'D-*$+*-%1'/
-*81'/%+*%1'%*();&*('%/.,)'16%/)%?)*$%$.%*/(@%<'1%'D-*$+*-1'/>%Xc&K
D-*+),'+.-% $.% N'% +*/*'+.% ;&*% 1'% ,.-(*/J'% /.,)'1% -*8&1*% 1'/
-*&$).$*/%+*%P&$('/%.%,.<)/).$*/Y%V)$%*<?'-8.6%/)%*/('/%/.$%1'/
,&*/().$*/%D-)$,)D'1*/%+*%&$%<*$Z%+.<)$),'1%-*8&1'-6%1'%)81*/)'6
*1% D'/(.-6% A% 1'% ,.$8-*8',)L$% /*% 9'$% '% <.-)-% +*% N'<?-*
*/D)-)(&'1<*$(*>
#/(*% 1)?-.% */(@% D*$/'+.% D'-'% 'A&+'-1*% '% 9*$,*-% 1'/
!]
+$,&)(-()*"./01%2)#)3-
+*0),)*$,)'/%*$%*1%DZ1D)(.%;&*%/*%N'$%*$&<*-'+.%'--)?'6%A%D'-'
)$9)('-1*% '% /*8&)-% 1'% D-*+),',)L$% *:D./)()9'% ,.<.% &$% */()1.% +*
9)+'%A%<)$)/(*-).>
/5.)61-(#%.&,.5-.1$,&)(-()*".,01%2)#)3-
I'%D-*+),',)L$%*:D./)()9'%9'%'%)<D',('-%/&%9)+'>%#11'%D&*+*
'A&+'-1*
• '%,-*,*-%D*-/.$'1<*$(*%*$%*1%,.$.,)<)*$(.%A%1'%.?*+)*$,)'6
D.-%1'%*:D./),)L$%+)/,)D1)$'+'%'%1'%M'1'?-'%+*%=)./
• '%'N.--'-%*1%()*<D.%A%1'%*$*-8J'%;&*%/*%*<D1*'%*$%*/,.8*-%&$
/*-<L$%D'-'%,'+'%/*<'$'
• '%?'1'$,*'-%/&%@-*'%+*%BD*-),)'F%A%(*<'/%D-*0*-)+./%,.$%*1
'1)*$(.%+*%1./%D*$/'<)*$(./%+*%=)./%*$%1'%S)?1)'
I'%D-*+),',)L$%*:D./)()9'%)<D',('-@%'%/&%,.$8-*8',)L$%D.-;&*
1.%'A&+'-@%'%&/(*+
• '%/*-%0)*1%'1%(*:(.%A%'%/*-%-*1*9'$(*%'%/&%,.$(*:(.%*$%*1%<)$)/(*-).
-*8&1'-
• '% )<D1*<*$('-% &$'% */(-'(*8)'% D'-'% *1% *;&)D'<)*$(.% A
<.()9',)L$%+*%/&%8*$(*6%D'-'%&$'%0)+*1)+'+%+*%1'-8.%'1)*$(.%'
=)./%A%'1%<)$)/(*-).
• '%9*$,*-%/&%(*$+*$,)'%'%'D&$('-%/&%/*-<L$%'%&$'%D*-/.$'%.
8-&D.%*$%D'-(),&1'-6%A%'%D-.(*8*-/*%+*%*/'%',&/',)L$
• '%*9)('-%/'1(*'-%1.%;&*%$.%*$,'P'%*$%/&%8&/(.%.%(*<D*-'<*$(.
*$%'18Z$%<.<*$(.
• '% 11*9'-% '% ,'?.% &$% <)$)/(*-).% ,.N*-*$(*% *$% <*+).% +*
+)<*$/).$*/%A%+*<'$+'/%<Z1()D1*/%/.?-*%&/(*+%,.<.%D'/(.-
• '%<*P.-'-%1'%+)8$)+'+%+*1%(-'?'P.%D'/(.-'1%*$%-'HL$%+*%;&*
&/(*+% */(@% ?'P.% 1'% '&(.-)+'+% +*% 1'% M'1'?-'% +*% =)./% ,&'$+.
D-*+),'
• '%)$(*8-'-%1'%,.$9*-/',)L$%+*%1'%)81*/)'%*$%(.-$.%'1%<*$/'P*
D'-'%1'%/*<'$'
• '%,.<&$),'-%1'/%)$(*$,).$*/%+*%=)./%D'-'%/&%,.$8-*8',)L$6
!d
!"#$%&'(()*"
/*8Z$%/.$%9)/('/%D.-%/&/%1J+*-*/%N&<'$./
• '% .-)*$('-% '% 1'% 8*$(*% '1-*+*+.-% +*% &$'% 9)/)L$% ,.<Z$6
'A&+@$+.1*%'/J%'%+*/,&?-)-%1'%0&*-H'%+*%(-'?'P.%9.1&$('-).6%;&*
*/%$*,*/'-)'%D'-'%'1,'$H'-%1'%9)/)L$
• '%<.()9'-%'%1'/%D*-/.$'/%'%1'%',,)L$%'1%)<D1*<*$('-%*1%D-.8-'<'
+*%1'%)81*/)'%,.$%1'%/'$,)L$%+*%=)./
• '%)$,-*<*$('-%1'%,-*+)?)1)+'+%$*,*/'-)'%D'-'%,.$+&,)-%'%1'%)81*/)'
'1%,'<?).
• '%<.+*1'-%&$%<)$)/(*-).%*0*,()9.%D'-'%<'*/(-./%A%D-*+),'+.-*/
D-*/*$(*/%A%0&(&-./
• '%N',*-%;&*%/&%,.$8-*8',)L$%*/(K%?J?1),'<*$(*%*+&,'+'
S@/),'<*$(*6%1'%D-*+),',)L$%*:D./)()9'%'A&+'%'1%D-*+),'+.-
'%D-.<.9*-%1'%'8*$+'%+*%=)./%D'-'%/&%D&*?1.>
M-*D'-'-%&$%/*-<L$6%*$(.$,*/6%*/%&$%'-(*6%&$'%,)*$,)'6%&$'
+)/,)D1)$'6%A%&$'%-*1',)L$>%W$%/*-<L$%*0*,()9.%*/%N)P.%+*%1'%&$)L$
+*% 1'% +)$@<),'% */D)-)(&'1% ,.$% 1'% <*,@$),'% +*1% */(&+).>% I'
+)$@<),'%+*%1'%D-*D'-',)L$%+*1%/*-<L$%/&-8*%+*%1'%-*1',)L$%+*1
D-*+),'+.-%,.$%*1%V*[.-%+*1%(*:(.>%#/%&$%*P*-,),).%/*-).%;&*%+*?*
/*-%/'(&-'+.%*$%.-',)L$%A%*$*-8)H'+.%D.-%*1%#/DJ-)(&%V'$(.6%+*/+*
*1%D-)<*-%*$,&*$(-.%<)/<.%+*1%D-*+),'+.-%,.$%&$%(*:(.>
V)$%*<?'-8.6%*1%D-.DL/)(.%+*%*/(*%1)?-.%*/%(-'('-%,.$%1'
<*,@$),'%+*%1'%D-*D'-',)L$%+*1%/*-<L$f*1%'-(*%A%1'%,)*$,)'%+*
*/,&1D)-%&$%/*-<L$%'%D'-()-%+*%1'%#/,-)(&-'>
7,8)")()*"
I'%D-*+),',)L$%*:D./)()9'%()*$*%;&*%9*-%,.$%1'%S)?1)'%A%,.$
/&% 8*$(*>% 2'A% <&,N'/% +*0)$),).$*/% ?&*$'/% +*% D-*+),',)L$
*:D./)()9'>!% #/('% */% <)% +*0)$),)L$% +*% (-'?'P.Q% !"# $%&'()")(*+
&,$-.(/(0"#&.#1"#)-+/&2$-%(3")(*+#'&#1"#$%-$-.()(*+#)&+/%"1#'&
4+#/&,/-#5651()-7#84&#.&#'&%(0"#'&#1"#"$1()")(*+#'&#29/-'-.#'&
(+/&%$%&/")(*+#"'&)4"'-.7#:#84&#.&#'&)1"%"#"#/%"09.#'&#2&'(-.#'&
)-24+()")(*+#&;&)/(0-.7#$"%"#(+;-%2"%#1".#2&+/&.7#(+./%4(%#1-.
)-%"3-+&.7#&#(+;14(%#1"#)-+'4)/"#$"%"#1"#$(&'"'<%I./%,.<D.$*$(*/
+*%*/('%+*0)$),)L$%$./%'A&+'$%'%*$(*$+*-%1'%('-*'%*:D./)()9'%+*/+*
<&,N'/%+)<*$/).$*/%A%*$%<&,N./%$)9*1*/>
!e
+$,&)(-()*"./01%2)#)3-
/5.9:';<.&,.5-.1$,&)(-()*".,01%2)#)3-
#1%B;&KF%+*%1'%D-*+),',)L$%*:D./)()9'%/*%-*1',).$'%,.$%*1
,.$(*$)+.>% i.19'<./% '(-@/% '% 1'% +*0)$),)L$% D'-'% /&?-'A'-% *1
,.$(*$)+.% D-)<'-).% +*% 1'% *:D./),)L$% (*:(&'1Q% I'% D-*+),',)L$
*:D./)()9'%&.#1"#)-+/&2$-%(3")(*+#'&#1"#$%-$-.()(*+#)&+/%"1#'&
4+#/&,/-#5651()-7%;&*%/*%+*-)9'%+*%1'%'D1),',)L$%+*%<K(.+./%+*
)$(*-D-*(',)L$%'+*,&'+./6%A%;&*%/*%+*,1'-'%'%(-'9K/%+*%<*+)./%+*
,.<&$),',)L$%*0*,()9./6%D'-'%)$0.-<'-%1'/%<*$(*/6%)$/(-&)-%1./
,.-'H.$*/6%*%)$01&)-%1'%,.$+&,('%D'-'%1'%D)*+'+>
O.$(*<D.-)H',)L$
O.$(*<D.-)H',)L$% */% 1'% ('-*'% D-)$,)D'1% +*1% D-*+),'+.-

*:D./)()9.>% #1% (.<'% 1.% ;&*% 0&*% */,-)(.% N',*% /)81./% A% 1.% N',*
,.$(*<D.-@$*.%'%1'/%'&+)*$,)'/%+*1%+J'%D-*/*$(*>%#1%$.%1*9'$('%*1
$)9*1%+*%1'%#/,-)(&-'>%I'%S)?1)'%A'%*/%-*1*9'$(*%'%1'/%,&*/().$*/
N&<'$'/>%V)$%*<?'-8.6%*1%D-*+),'+.-%N',*%;&*%1'/%+*<'$+'/
+*% =)./% /*'$% /)8$)0),'()9'/% D'-'% 1'% ,.$8-*8',)L$% 1.,'1>% I'
D-*+),',)L$%*:D./)()9'%,.$(*<D.-)H'%1'/%*:D*,('()9'/%;&*%=)./
()*$*%D&*/('/%*$%$./.(-./>
#1% D-*+),'+.-% ,.$0-.$('% +./% -*'1)+'+*/% ?@/),'/Q% *1% (*:(.
?J?1),.%+*%/)81./%'$(*-).-*/%A%/&%,.$(*:(.%*$%*1%D-*/*$(*%/)81.>
b18&$./%D-*+),'+.-*/%*$0'()H'$%*1%(*:(.6%D*-.%1.%(.-$'$%)--*1*9'$(*
D'-'%*1%,.$(*:(.%<.+*-$.>%j(-./%*$0'()H'$%*1%,.$(*:(.%<.+*-$.
A%/.$%)$0)*1*/%'1%(*:(.>%#1%*:*8*('%*/(&+)'%*1%/)8$)0),'+.%+*1%(*:(.
+*%1'%#/,-)(&-'%D'-'%+*/,&?-)-%;&K%*/%1.%;&*%=)./%+)P.%*$(.$,*/>
#1%D-*+),'+.-%?J?1),.%,.$+&,*%&$%+)@1.8.%,-*'()9.%A%?'1'$,*'%1'/
+*<'$+'/%+*1%(*:(.%A%+*1%,.$(*:(.6%D'-'%D-.,1'<'-%*1%/)8$)0),'+.
+*%1'%#/,-)(&-'%D'-'%$./.(-./%'N.-'>%#1%$.%$)*8'%$)%$*8.,)'%1'/
-*'1)+'+*/%+*1%(*:(.%'$()8&.%-%+*1%,.$(*:(.%<.+*-$.>%#1%/)8&)*$(*
*/%&$%+)'8-'<'%+*1%D-.,*/.%+*%,.$(*<D.-)H',)L$>
gh
!"#$%&'(()*"
M'1'?-' U&$+.
#/,-)(&-' O&1(&-'
G*:(. O.$(*<D.-)H',)L$ b&+)*$,)'
V)8$)0),'+. V)8$)0),'$,)'
=>.6#'()& =BC#&%&.
&1#?&@-%A &.&#D-25%&A
I'%D-.D./),)L$%,*$(-'1%+*%&$%(*:(.%?J?1),.
b%1.%1'-8.%+*%1'%N)/(.-)'%+*%1'%D-*+),',)L$%*:D./)()9'%CA%+*
1'%(*.-J'%+*%1'%,.<&$),',)L$E6%1'%<'A.-%D'-(*%+*%1./%N.<)1K(),./
/*%N'$%,.$9*$,)+.%+*%;&*%&$'%/.1'%D-.D./),)L$%+*?*%D*-<*'-%'
(.+.%*1%/*-<L$>%#:)/(*$%+)0*-*$,)'/%*$%,&'$(.%'%+L$+*%A%,L<.
&$.%.?()*$*%*/('%D-.D./),)L$%,*$(-'1>
b1%*:D.$*-%1'%S)?1)'6%N'A%+./%0&*$(*/%D./)?1*/%+*1%*/;&)9.
(*<'%,*$(-'1>%#1%D-*+),'+.-%D&*+*%/&D1)-1.6%.%*1%(*:(.%?J?1),.%D&*+*
/&D1)-1.>%#$%1'%*:D./),)L$%(*<@(),'6%*1%D-*+),'+.-%*/,.8*%*1%(*<'
A%9'%'%1'%S)?1)'%*$%D-.,&-'%+*%'D.A.>%#$%1'%D-*+),',)L$%(*:(&'1%C.
*:D./)()9'E6%*1%(*:(.%D-.9**%*1%(*<'>%#1%,&'+-.%'?'P.%<&*/(-'%1'/
,'-',(*-J/(),'/%-*1',).$'+'/6%1'/%9*$('P'/%A%1'/%+*?)1)+'+*/%+*%1'
*:D./),)L$%(*<@(),'%A%1'%*:D./),)L$%(*:(&'1>
g!
+$,&)(-()*"./01%2)#)3-
=)1%2.&,.,01%2)()*".>?>5)(-
O&*/().$*/%%%%%%%%%%#:D./),)L$%(*<@(),'%%%%%#:D./),)L$%(*:(&'1
O'-',(*-J/(),'/ #1%D-*+),'+.-%*/,.8*%*1 #1%(*:(.%D-.9**%*1
(*<'%A%8.?)*-$'%*1 (*<'%A%8.?)*-$'%*1
+*/'--.11.%+*1%/*-<L$ D-.DL/)(.6%D'-@<*(-./6%A
D-*D'-',)L$%+*1%/*-<L$
_.-('1*H'/ !k*1*9'$,)'%)$<*+)'(' !k*1*9'$,)'%'%1'-8.

!W$%D.,.%<@/%0@,)1%+* D1'H.
N',*- !k*;&)*-*%+)/,)D1)$'%+*
D'-(*%+*1%D-*+),'+.-
!#1%D-L:)<.%/*-<L$
9)*$*%+*%&$%D'/'P*%;&*
/)8&*%'1%(*:(.%+*%N.A
=*?)1)+'+*/ !#1%(*:(.%*/(@%' !#1%D-*+),'+.-%*/(@%'

<*-,*+%+*1 <*-,*+%+*1%(*:(.
D-*+),'+.- !k*;&)*-*%+)/,)D1)$'%+*
!V*%8'/('%*$*-8J'%*$ D'-(*%+*1%D-*+),'+.-
*/,.8*-%*1%(*<'%+* !#1%D-*+),'+.-%D&*+*
,'+'%/*-<L$ ;&*+'-%*/('$,'+.%*$
(-)9)'1)+'+*/%*:*8K(),'/
#:D./),)L$% */% &$'% D'1'?-'% <&1()+)<*$/).$'16% ;&*% /&-8*

+*%&$'%-'JH%1'()$'6%&,$-.(/(-%Cl-+(.E6%D.$*-/*%*$%<'-,N'6%/'1)->%I'
*:D./),)L$% ?J?1),'% *:D1),'6% *:D-*/'% A% *:D.$*% 1'% S)?1)'% '% &$'
'&+)*$,)'6%A%1'%'&+)*$,)'%'%1'%S)?1)'>%I'%*:D./),)L$%(*:(&'1%*:D1),'
*1%/)8$)0),'+.%+*%&$%(*:(.%?J?1),.%A%/&%)<D.-('$,)'%D'-'%*1%,.$(*:(.
D-*/*$(*>%#11'%*:D-*/'%&$'%D-.D./),)L$%/)$8&1'-%;&*%*/(@%(*P)+'
*$%*1%/*-<L$>%#11'%('<?)K$%*:D.$*%'%1'%'&+)*$,)'%,.$(*<D.-@$*'
'%1'/%9*-+'+*/%A%+*<'$+'/%+*%=)./6%/*8Z$%/*%*$,&*$(-'$%*$%&$
(*:(.%D'-(),&1'->
gg
!"#$%&'(()*"
=$,2.1$,@'"#-2.,".('-"#%.-5
(%"#,")&%.&,.5-.,01%2)()*".#,0#'-5
`2*%*:D1),'+.%*1%/)8$)0),'+.%+*1%(*:(.a
`2*%*:D-*/'+.%/&%D-.D./),)L$%,*$(-'1%*$%(K-<)$./
,1'-./%A%,.$(*<D.-@$*./a
`2*%*:D&*/(.%'%1'%'&+)*$,)'%'%1'%9*-+'+%A%+*<'$+'/
+*%=)./%D'-'%*1%'D-*$+)H'P*%A%1'%.?*+)*$,)'a
/5.9(*6%<.&,.5-.1$,&)(-()*".,01%2)#)3-
#1%B,L<.F%+*%1'%D-*+),',)L$%*:D./)()9'%/*%-*1',).$'%,.$%*1
D-.,*/.>%U)-*<./%'%1'%+*0)$),)L$%+*%D-*+),',)L$%*:D./)()9'%*$
(K-<)$./%+*1%D-.,*/.%+*%$&*/(-'%D-*D'-',)L$%A%,.<&$),',)L$
+*%1'%D-.D./),)L$%,*$(-'1%+*1%(*:(.>%I'%D-*+),',)L$%*:D./)()9'%*/
1'%,.$(*<D.-)H',)L$%+*%1'%D-.D./),)L$%,*$(-'1%+*%&$%(*:(.%?J?1),.6
;&*% .&# '&%(0"# '&# 1"# "$1()")(*+# '&# 29/-'-.# '&# (+/&%$%&/")(*+
"'&)4"'-.7#:#84&#.&#'&)1"%"#"#/%"09.#'&#2&'(-.#'&#)-24+()")(*+
&;&)/(0-.7%D'-'%)$0.-<'-%1'/%<*$(*/6%)$/(-&)-%1./%,.-'H.$*/6%*%)$01&)-
1'%,.$+&,('%D'-'%1'%D)*+'+>
5$(*-D-*(',)L$
#1% ,-)(*-).% D-)$,)D'1% D'-'% &$% <K(.+.% +*% )$(*-D-*(',)L$

'+*,&'+.6% */% ;&*% N'A'% &$'% ,.$*:)L$% ,.$0)'?1*% *$(-*% 1'
,.<D-*$/)L$%+*1%'&(.-%A%1'%'&+)*$,)'%.-)8)$'1*/6%/.?-*%&$%(*:(.
+'+.%A%$&*/(-'%)$(*-D-*(',)L$>%#1%M'/.%!%+*1%D-.,*/.%+*%*:D./),)L$
?J?1),'%+*1)$*'-@%*/(*%D-.,*/.%,.$%<@/%+*('11*>
k*'1<*$(*6%/*%1*%D&*+*%N',*-%+*,)-%'%1'%S)?1)'%,'/)%,&'1;&)*-
,./'%;&*%&/(*+%;&)*-*%;&*%+)8'>%#/('%*/%1'%,&*/()L$%,-J(),'>%`#/(@
&/(*+%+),)*$+.%1.%;&*%1'%S)?1)'%;&*-J'%+*,)-a%M.-%*P*<D1.6%*/,&,NK
&$%?&*$%<*$/'P*%/.?-*%I&,'/%!e>gelnh%.0-*,*-%1'/%/)8&)*$(*/
9*-+'+*/Q
gm
+$,&)(-()*"./01%2)#)3-
E&.C.#:#&1#54%%-
5>%%W/(*+%*/%,.<.%&$%?&--.%C99>%gelmhE
b> W/(*+%*/(@%'('+.%'%'18&)*$%;&*%$.%*/%*1%+&*[.%'%;&)*$
-*'1<*$(*%D*-(*$*,*%C9>%mh'E
S> W/(*+%*/%(.+'9J'%P.9*$%f$'+)*%/*%N'%/*$('+.%/.?-*%&/(*+
C9>%mh?E
55>%o*/Z/%.-+*$'%;&*%&/(*+%/*'%1)?*-'+.%C9>%mh,E
b> #1%1.%1)?*-'%'%(-'9K/%+*%/&/%+)/,JD&1./%C99>%m!lmgE
S> 2'?-@%.?P*,).$*/%,&'$+.%&/(*+%/*'%1)?*-'+.%D'-'%/*-9)-
'%O-)/(.%C9>%mmE
O> M*-.%K1%()*$*%$*,*/)+'+%+*%&/(*+%C9>%mnE
555>%`#/%&/(*+%*1%?&--.%+*%O-)/(.a%C99>%m"lnhE
b> `#/(@%K1%,'?'18'$+.%/.?-*%&/(*+a
S> `#/(@%&/(*+%(-'AK$+.1*%'1'?'$H'%'%K1a
`M&*+*%*/(*%/*-<L$%/*-%D-*+),'+.a%X=*%N*,N.%1.%N'%/)+.Y
`#/%(*:(&'1<*$(*%0)*1a%X7.Y%`M.-%;&Ka%I*9'$(*%*/('/%D-*8&$('/
,-J(),'/Q%`V.$%*/(./%D&$(./%1.%;&*%*1%'&(.-%;&*-J'%+*,)-%.%1.%;&*%1'
'&+)*$,)'%.-)8)$'1%*$(*$+)L%'%(-'9K/%+*%*/('%$'--',)L$a
#/(*% ()D.% +*% D-*+),',)L$% */% -*'1<*$(*% D-*+),',)L$
B<.-'1)/('>F% #/(./% /.$% '18&$./% +*% 1./% D-.?1*<'/% ,.$% 1'
D-*+),',)L$%<.-'1)/('Q
F&"12&+/&#4./&'#+-#+&)&.(/"#'&#1"#G.)%(/4%"#$"%"#."1(%#)-+
4+"#(+./%4))(*+#".6>%O&'1;&)*-%N)/(.-)'%+*%)$(*-K/%N&<'$.%9'%'
(*$*-% 9'1.-*/% <.-'1*/>% O&'1;&)*-% ,&1(&-'% ()*$*% D'-@?.1'/% A% &$
0.1p1.-*%',&<&1'+.%D'-'%8&)'-%1'%,.$+&,('%A%*1%,.<D.-('<)*$(.>
I.%;&*%+)/()$8&*%'%1'%$'--'()9'%?J?1),'%+*%1'%$'--'()9'%,&1(&-'1%*/%1'
)$(*$,)L$%+*1%#/DJ-)(&%V'$(.6%/*8Z$%*/%,.<&$),'+'%D.-%*1%'&(.-
N&<'$.%*$%&$%(*:(.%A%/*8Z$%*/%*$(*$+)+'%D.-%1'%'&+)*$,)'%.-)8)$'1>
#1%<.-'1)/<.%-*+&,*%1'%S)?1)'%'%?&*$'/%N)/(.-)'/>
B-'-#/&,/-#.&#/%"+.;-%2"#&+#4+"#(14./%")(*+#'&#4+#$%(+)($(-
2-%"1#2H.#"1/-<%V*%&/'%*1%(*:(.%,.<.%&$'%)1&/(-',)L$%A%$.%,.<.
1'%0&*$(*%+*1%D&$(.%;&*%/*%*/(@%N',)*$+.>%#$%1'%N)/(.-)'%+*1%B?&--.6F
*1%D-*+),'+.-%N'%+*,)+)+.%;&*%*1%?&--.%*/%&$'%)1&/(-',)L$%+*%1./
/*-*/%N&<'$./>
?4#$%&'()")(*+#)"%&)&#'&#"4/-%('"'#/&,/4"1<%`=*%;&K%1&8'-
*$%*1%(*:(.%*1%D-*+),'+.-%*:(-'*%1'%'&(.-)+'+%D'-'%)8&'1'-%'%1./
gn
!"#$%&'(()*"
?&--./%,.$%1./%/*-*/%N&<'$./a%j%*$%*1%,'/.%+*%='9)+%A%\.1)'(6%*1
D-*+),'+.-%+*,)+*%;&*%1./%,-*A*$(*/%+*?*$%A%9'$%'%,.$0-.$('-
D-.?1*<'/%8)8'$(*/,./>%V)$%*<?'-8.6%*1%<K(.+.%)1&/(-'()9.%/*
N',*% D.19.% D.-;&*% \.1)'(% $.% 9&*19*% '% 1*9'$('-/*>% XM*-.% 1./
D-.?1*<'/% 8)8'$(*/,./% ()*$*$% &$% D.+*-% +*% -*/&--*,,)L$
'/.<?-./.Y%#/(.%<&*/(-'%;&*%1'%)1&/(-',)L$%,'-*,*%+*%'&(.-)+'+
(*:(&'1>%b%<*$./%;&*%*1%/*-<L$%+*<&*/(-*%;&*%*1%'&(.-%?J?1),.
(*$J'%1'%)$(*$,)L$%+*%;&*%*1%(*:(.%0&*/*%&/'+.%*$%*/('%<'$*-'6%$.
N'?-@%'&(.-)+'+%D'-'%K1>
B"1#(+/&%$%&/")(*+#)"%&)&#'&#)-+/%-1&.#-5I&/(0-.<%O&'1;&)*-
D-*+),'+.-%D&*+*%*:(-'*-%,&'1;&)*-%,'$()+'+%+*%)1&/(-',).$*/%+*
&$%(*:(.%+'+.>%7.%N'A%$'+'%;&*%,.$(-.1*%1'/%,.$,1&/).$*/%;&*
*:(-'*>%`M.-%;&K%,)$,.%D&$(./%*$%1&8'-%+*%(-*/%.%+./%D&$(./%*$
1&8'-%+*%/)*(*a
!"#$%-$-.()(*+#)&+/%"1#'&#.4#.&%2*+#+-#.&#'&%(0"#'&#1"
$%-$-.()(*+#)&+/%"1#'&1#/&,/-<%I'%)$(*-D-*(',)L$%+*1%D-*+),'+.-%CA
*$%,.$/*,&*$,)'%1'%0&*-H'%+*1%/*-<L$E%/*%(.-$'%'-?)(-'-)'>%I'%8*$(*
,.<*$H'-@%'%9*-%1./%/*-<.$*/%,.<.%*1%&/.%,'D-),N./.%;&*%*1
D-*+),'+.-%N',*%+*%&$%(*:(.%+'+.>
I./%<K(.+./%+*%)$(*-D-*(',)L$%'+*,&'+./%+*?*$%,.$/()(&)-
1'%,.1&<$'%9*-(*?-'1%+*1%/*-<L$>%#1%D-*+),'+.-%*/%D-)<*-.%&$
*:*8*('%+*%1'%#/,-)(&-'6%'$(*/%+*%/*-%&$%*:D./)(.-%+*%1'%#/,-)(&-'>
O.<&$),',)L$
V)%1./%<K(.+./%'+*,&'+./%+*%)$(*-D-*(',)L$%/*%-*1',).$'$
,.$%1'%,.<D-*$/)L$%+*1%(*:(.%D.-%D'-(*%+*1%'&(.-%A%+*%1'%'&+)*$,)'
.-)8)$'16%*$(.$,*/%1'%,.<&$),',)L$%*0*,()9'%*/(@%-*1',).$'+'%,.$
1'% ,.$*:)L$% *$(-*% 1'% ,.<D-*$/)L$% +*% &$% (*:(.% D.-% D'-(*% +*1
D-*+),'+.-%A%+*%1'%'&+)*$,)'%D-*/*$(*>
M.-%*P*<D1.6%&$%'<)8.%A%A.%N),)<./%&$%/*<)$'-).%/.?-*
D1'$*'<)*$(.%D'-'%1./%1J+*-*/%+*%&$'%)81*/)'%1.,'1%*$%*1%I*P'$.
j-)*$(*>% U)% '<)8.% (*$J'% 1'% D-)<*-'% /*/)L$% /.?-*% D.-% ;&K
+*?J'<./%D1'$)0),'->%V&%D-)<*-%D&$(.%D-)$,)D'1%*-'Q%=*?*<./
D1'$)0),'-%D.-;&*%=)./%D1'$)0),'>%=)./%D1'$)0),L%1'%,-*',)L$6%1'
-*+*$,)L$6% A% *1% -*)$.>% #$% ,.$/*,&*$,)'6% $./.(-./% ('<?)K$
+*?*<./%D1'$)0),'->
g"
+$,&)(-()*"./01%2)#)3-
#1%D-.?1*<'%,.$%*/'%D-*/*$(',)L$%*-'%;&*%$.%(&9.%*$%,&*$('
1'% ,.<D-*$/)L$% +*% 1'% 9*-+'+% D.-% D'-(*% +*% 1'% '&+)*$,)'>% I'
,.$,*D,)L$%+*1%<&$+.6%D-*<)/'/6%9'1.-*/%A%,-**$,)'/%;&*%*11./
(*$J'$6%(.+./%*11./%)$(*-0*-J'$%,.$%/&%,.<D-*$/)L$%+*1%'-8&<*$(.
+*% <)% '<)8.>% =*/'0.-(&$'+'<*$(*6% 1'% ,.$,1&/)L$% ;&*% *11./
*:(-'P*-.$%+*/D&K/%+*%,.$/)+*-'-%1'%D1'$)0),',)L$%+)9)$'%0&*%1.
.D&*/(.% '1% '-8&<*$(.% +*% <)% '<)8.>% #11./% /*% D-*8&$('?'$Q% V)
=)./%*/%;&)*$%D1'$)0),'6%`D'-'%;&K%+*?*<./%D1'$)0),'-%$./.(-./a
M'-'% ;&*% $&*/(-'% ,.<&$),',)L$% /*'% *0*,()9'6% +*?*<./
*$(*$+*-%1'%,.$,*D,)L$%+*1%<&$+.6%*1%D-.,*/.%+*%-'H.$'<)*$(.6
A% 1'% ,&1(&-'% +*% 1'% '&+)*$,)'>% ^% 1&*8.6% &/'$+.% '$'1.8J'/% *
)1&/(-',).$*/6% &$% */()1.% A% ,.<&$),',)L$% '+*,&'+./6% A% &$'
'D1),',)L$% -*1*9'$(*6% +*<'$+'-*<./% /&% .?*+)*$,)'>
O.$/)+*-'-*<./% '18&$./% +*% */(./% '/D*,(./% *$% *1% M'/.% T% +*1
D-.,*/.%+*%1'%*:D./),)L$%?J?1),'>
/5.91%$.:';<.&,.5-.1$,&)(-()*".,01%2)#)3-
#1%BD.-%;&KF%+*%1'%D-*+),',)L$%*:D./)()9'%/*%-*1',).$'%,.$
*1% D-.DL/)(.>% Ò&@1% */% *1% D-.DL/)(.% +*% $&*/(-'% D-*D'-',)L$% A
,.<&$),',)L$% +*% &$% /*-<L$% *:D./)()9.a% i.19'<./% '(-@/% '
$&*/(-'% +*0)$),)L$% +*% (-'?'P.Q% 1'% D-*+),',)L$% *:D./)()9'% */% 1'
,.$(*<D.-)H',)L$%+*%1'%D-.D./),)L$%,*$(-'1%+*%&$%(*:(.%?J?1),.6
;&*% /*% +*-)9'% +*% 1'% 'D1),',)L$% +*% <K(.+./% +*% )$(*-D-*(',)L$
'+*,&'+./6%A%;&*%/*%+*,1'-'%'%(-'9K/%+*%<*+)./%+*%,.<&$),',)L$
*0*,()9./6#$"%"#(+;-%2"%#1".#2&+/&.7#(+./%4(%#1-.#)-%"3-+&.7#&#(+;14(%
1"#)-+'4)/"#$"%"#1"#$(&'"'<%#1%D.-%;&K%+*%1'%D-*+),',)L$%*:D./)()9'
D-)<'-)'<*$(*%()*$*%;&*%9*-%,.$%1./%,.<D.$*$(*/%)$(*1*,(&'1*/6
'0*,()9./%A%9.1)()9./%+*%1'%*:D*-)*$,)'%,-)/()'$'>
5$0.-<'-%1'%<*$(*
O.<.%-*/&1('+.%+*%*/('-%*:D&*/(./%'1%/*-<L$6%$&*/(-./
.A*$(*/% +*?*$% )-+-)&%% A% &+/&+'&%% '18.% f1'% 9*-+'+% +*% =)./>
7.-<'1<*$(*6% */(*% ,.$.,)<)*$(.% */(@% -*1',).$'+.% '% 1'
D-.D./),)L$%,*$(-'1%+*1%/*-<L$>%V)%$.%,.$.,*$%<@/%+*%1.%;&*
=)./%+),*%A%*/D*-'%+*%*11./6%,.<.%-*/&1('+.%+*%$&*/(-'%D-*+),',)L$6
*$(.$,*/%$.%/.<./%$*,*/'-)./>%#1%V*[.-%o*/Z/%'8-*8L%'<'-%'
gT
!"#$%&'(()*"
=)./%,.$%$&*/(-'/%<*$(*/%'%/&%9*-/)L$%+*1%<@/%8-'$+*%+*%1./
<'$+'<)*$(./%C9*-%U(>%gg>mTlm]E>
5$/(-&)-%*1%,.-'HL$
7.%(.+'/%1'/%+*,)/).$*/%N&<'$'/%/*%N',*$%-',).$'1<*$(*>
I./%0',(.-*/%*<.,).$'1*/%('<?)K$%P&*8'$%&$'%D'-(*%)<D.-('$(*
*$% 1'/% +*,)/).$*/% /*-)'/>% V)$% *<?'-8.6% $.% +*?*<./% 'D*1'-
/.1'<*$(*%'%1'/%*<.,).$*/>%#1%,.-'HL$%+*?*%/*-%)$/(-&)+.%<)*$(-'/
;&*%1'%<*$(*%*/%)$0.-<'+'>%#/%D./)?1*%A%$*,*/'-).%+)-)8)-/*%'1
'/)*$(.%+*%(.+'/%1'/%*<.,).$*/%f*1%,.-'HL$f%'%(-'9K/%+*%1'
D-*+),',)L$%*:D./)()9'>%#1%D-*+),'+.-%+*?*%+*P'-%'%/&%'&+)*$,)'
,.$%*$(&/)'/<.%*$%,&'$(.%'%.?*+*,*-%'%=)./>%V)%1'%M'1'?-'%N'
)$/(-&)+.% 1./% ,.-'H.$*/% +*% $&*/(-'% '&+)*$,)'6% D.+*<./% */('-
,.$0)'+./% *$% ;&*% */(./% /*$()<)*$(./% $.% /*-@$% /&D*-0),)'1*/% $)
'-()0),)'1*/>% O.<.% -*/&1('+.% +*% $&*/(-'% D-*+),',)L$6% $&*/(-'
'&+)*$,)'% 9'% '% /*$()-% A% +*/*'-% '18.% f1'% $*,*/)+'+% +*% &$'
.?*+)*$,)'%D*-/.$'1%'%1'%9*-+'+%+*%=)./>
5$01&)-%1'%,.$+&,('
I'%D-&*?'%D-@,(),'%+*%&$'%?&*$'%D-*+),',)L$%*/%*1%0-&(.
;&*%11*9'%*$%1'%9)+'>%I'%S)?1)'%0&*%*$(-*8'+'%D'-'%D-.+&,)-%,'<?).
*$%1'%,.$+&,('%Cg%G)>%m>!Tl!]E>%I'/%.?-'/%+*?*$%/*8&)-%'%1'%0*%C,0>
1'%,'-('%+*%V'$()'8.E>%O.<.%-*/&1('+.%+*%$&*/(-'%D-*+),',)L$6
$&*/(-'%'&+)*$,)'%N'-@%'18.>%#11./%.?*+*,*-@$>%I'%D)*+'+%+*?*
-*/&1('-% *$% /&/% 9)+'/>% #/(.% */6% *1% DZ1D)(.% $.% */% ('$% /L1.% D'-'
+)/*<)$'-%<@/%)$0.-<',)L$6%/)$.%;&*%*/%&$'%D1'('0.-<'%+*/+*%1'
,&'1%$&*/(-./%.A*$(*/%/.$%<.()9'+./%'%1'%D)*+'+6%<*+)'$(*%*1
*P*<D1.%A%1'%*:D./),)L$>%#11./%+*?*$%/'?*-%;&K%*/%1.%;&*%=)./
*/D*-'%A%+*%;&K%<'$*-'%D&*+*$%.?*+*,*-%1./%<'$+'(./%+*%=)./
'%D'-()-%+*%,&'1;&)*-%(*:(.%+*%1'%#/,-)(&-'>%I'%D-*+),',)L$%+*?*
-*/&1('-%*$%D)*+'+>
2),*%&$%,.<D-.<)/.%,.$%<)%8*$(*%*$%7&*9'%=*1N)>%I*/
+)P*Q%BO&'$+.%+*P*%+*%+'-1*/%'18.%<@/%D'-'%,.$.,*-6%'18.%<@/
D'-'%/*$()-6%A%'18.%<@/%D'-'%N',*-%,.<.%-*/&1('+.%+*%$&*/(-.
()*<D.%P&$(./%'1-*+*+.-%+*%1'%M'1'?-'%+*%=)./6%*$(.$,*/%/*-@
()*<D.%+*%'D'8'-%1'/%1&,*/%+*%1'%)81*/)'>F
g]
+$,&)(-()*"./01%2)#)3-
7,2&,.,5.#,0#%.-5.2,$6*"
b;&J%N'A%/)*(*%D'/./%+*/+*%*1%(*:(.%'1%/*-<L$%*$%*1%D-.,*/.
+*%*:D./),)L$%?J?1),'>%=*?*%<*<.-)H'-%*/(./%D'/./>
4%2.2),#,.1-2%2.&,5.1$%(,2%.&,.,01%2)()*".>?>5)(-
]%M-*+);&*
%%%*1%/*-<L$ B,'-$*F
T%#/(-&,(&-*
%%%*1%/*-<L$ B*/;&*1*(.F
">%I'%D-.D./),)L$%,*$(-'1
%%%%+*1%/*-<L$ B,.-'HL$F
n>%#1%D-.DL/)(.
%%%%D&*$(* B,*-*?-.F
m>%I'%D-.D./),)L$%,*$(-'1
%%%%+*1%(*:(. B,.-'HL$F
g>%#/(-&,(&-*
%%%%*1%(*:(. B*/;&*1*(.F
!>%#/(&+)*
%%%%*1%(*:(. B,'-$*F
b%1'%+*-*,N'%+*1%,&'+-.6%N*%*$&<*-'+.%1'/%D'-(*/%+*%1'
*/,&1(&-'%9)9)*$(*%;&*%D-.,&-'<./%,-*'-%,.$%,'+'%/*-<L$>
!> #/(&+)*% *1% (*:(.J# &./4'("+'-# 1-.# '&/"11&.# '&# 4+# /&,/-7
"'84(%(2-.#1"#=)"%+&A#'&1#/&,/-<
g> #/(-&,(&-*% *1% (*:(.J# "1# &./%4)/4%"%# &1# /&,/-7# /&+&2-.# 1"
)-+;(K4%")(*+#&.84&19/()"#'&#&./&#/&,/-<#!"#)"%+&#:#&1#&.84&1&/-
;-%2"+# 1"# 2"/&%("# $%(2"# /&,/4"1# $"%"# &1# $%-)&.-# '&
&,$-.()(*+<
m> I'% D-.D./),)L$% ,*$(-'1% +*1% (*:(.J# "# $"%/(%# '&1# &.84&1&/-7
'(.)&%+(2-.#1"#$%-$-.()(*+#)&+/%"1#'&1#/&,/-7#&1#=)-%"3*+A
'&#.4#.(K+(;()"'-<
n> #1% D-.DL/)(.% D&*$(*J# "# $"%/(%# '&# &./&# )-%"3*+# '&1# /&,/-
'&."%%-11"2-.# 4+# $%-$*.(/-# $"%"# +4&./%"# "4'(&+)("<# G./&
$%-$*.(/-#'&1#.&%2*+#&.#&1#=)&%&5%-A#$-%#&1#)4"1#&1#.&%2*+
;(+"12&+/&#&.#'(.&@"'-#:#$%&'()"'-<
gd
!"#$%&'(()*"
"> I'%D-.D./),)L$%,*$(-'1%+*1%/*-<L$J#&1#)&%&5%-#-;%&)&%H#1"
'(%&))(*+#:#1"#;-%2"#'&1#)-%"3*+#'&1#.&%2*+<
T> #/(-&,(&-*%*1%/*-<L$J#&1#.&%2*+#"D-%"#;-%2"%H#.4#$%-$("
(2"K&+#:#5-.84&I-<#G1#&.84&1&/-#'&1#2&+."I&#.&%H#&0('&+/&<
]> M-*+);&*%*1%/*-<L$J#;(+"12&+/&#11&+"%&2-.#1-.#'&/"11&.#'&#1"
)"%+&# "# 2&'('"# 84&# /&%2(+"2-.# '&# &.)41$(%# 4+# .&%2*+
&.$&)("1(3"'-7# D&)D-# "# 2&'('"# $"%"# +4&./%"# "4'(&+)("
$"%/()41"%<
b;&J%N'A%&$%+)'8-'<'%+*%1./%/)*(*%D'/./>
7,5.#,0#%.-5.2,$6*"
]>%M-*+);&*%*1%/*-<L$
T>%#/(-&,(&-*%*1%/*-<L$
">%I'%D-.D./),)L$%,*$(-'1%+*1%/*-<L$
n>%#1%D-.DL/)(.%D&*$(*
m>%I'%D-.D./),)L$%,*$(-'1%+*1%(*:(.
g>%#/(-&,(&-*%*1%(*:(.
!>%#/(&+)*%*1%(*:(.
b;&J%N'A%&$%D'-%+*%,1'9*/%$*<.(K,$),'/%D'-'%'A&+'-1*%'
-*,.-+'-% */('% /*,&*$,)'>% =*/D&K/% *1'?.-'-% */(*% /)/(*<'% +*
D-*D'-',)L$%+*1%/*-<L$6%+*/,&?-J%&$'%<'$*-'%0@,)1%+*%-*,.-+'-
1./%/)*(*%D'/./>
• M'/.%m%C1'+.%+*1%(*:(.E%A%M'/.%"%C1'+.%+*1%/*-<L$E%/.$%D'-'1*1./6
A%(-'('$%,.$%*1%,.-'HL$%.%1'%D-.D./),)L$%,*$(-'1>
• M'/.%g%C1'+.%+*1%(*:(.E%A%M'/.%T%C1'+.%+*1%/*-<L$E%'<?./%(-'('$
,.$%*1%*/;&*1*(.%.%1'%*/(-&,(&-'>
• M'/.%!%C1'+.%+*1%(*:(.E%A%M'/.%]%C1'+.%+*1%/*-<L$E%(-'('$%,.$%1'
,'-$*%.%1./%?1.;&*/%?@/),./>
• M'/.% n% */% *1% D&*$(*% .% ,*-*?-.% ;&*% $./% 'A&+'% '% N',*-% 1'
(-'$/),)L$%+*1%(*:(.%'1%/*-<L$>
ge
+$,&)(-()*"./01%2)#)3-
7&<*-'-%.%'/)8$'-%1*(-'/%'%1./%D'/./%$./%+'%&$%D'(-L$%0@,)1
+*%-*,.-+'-Q%!%g%m%n%m%g%!%.%b%S%O%=%O%S%b>%C=),N.%/*'%+*%D'/.6
*/(*%()D.%+*%D'-'1*1)/<.%/*%*$,&*$(-'%('<?)K$%*$%1'%S)?1)'%N*?-*'
A% */% ,.$.,)+.% ,.<.% ,.$/(-&,,)L$% ;&)@/(),'% .% ;&)'/<.>% XI'
/)<)1)(&+% *:(*-$'% ,.$% 1'% S)?1)'% $.% N',*% ;&*% */(*% /)/(*<'% +*
D-*D'-',)L$%+*1%/*-<L$%/*'%)$/D)-'+.%*%)$*--'$(*Y%XV)$%*<?'-8.6
;&)*-.%;&*%&/(*+%*1'?.-*%&$%/*-<L$%)$/D)-'+.-6%N*,N.%D.-%&$
/*-%N&<'$.%*--'$(*%D*-.%;&*%&/'%*/(*%/)/(*<'YE
b;&J%N'A%&$'%+*/,-)D,)L$%-*/&<)+'%+*%,'+'%&$.%+*%1./%D'/./
+*%1'%*:D./),)L$%?J?1),'>%#/(.%*/%&$%-*D'/.%+*%N',)'%+L$+*%9'%'%)-
*$%*1%-*/(.%+*%*/(*%<'$&'1>
+-2%.AB./2#'&),.,5.#,0#%C
4-.(-$",.&,5.1-2-D,
#1%M'/.%!%)$(-.+&,*%'1%*/(&+)'$(*%'1%D-.,*/.%0&$+'<*$('1
+*%*/(&+)'-%&$%(*:(.>%#/(.%D-.9**%+*%9'-)'/%,1'9*/%D'-'%*$,.$(-'-
*1%/)8$)0),'+.%+*1%(*:(.>%#/(.%*,N'%*1%0&$+'<*$(.%D'-'%&$%*/(&+).
/*-).%D'-'%B9*-F%A%B?&/,'-F%,.$%D-*,)/)L$%1.%;&*%1'%S)?1)'%+*/*'
,.<&$),'-%'%(.+'/%1'/%D*-/.$'/>
+-2%.EB./2#$'(#'$,.,5.#,0#%C
/5.,2:',5,#%.&,5.1-2-D,
W$%D'/.%*/*$,)'1%*$%*1%D-.,*/.%*/,&1(L-),.%*/%,.<D-*$+*-
+*%;&K%<'$*-'%*1%'&(.-%?J?1),.%'-<L%*1%(*:(.>%=*%*/('%<'$*-'6
D.+*<./% $.% /L1.% D-*+),'-% 1.% ;&*% *1% '&(.-% +)P.6% /)$.% )$,1&/.
*$0'()H'-%,L<.%1.%+)P.>%#1%M'/.%g%.0-*,*%1'/%,1'9*/%/.?-*%,L<.
*$,.$(-'-%1'%*/(-&,(&-'%+*%&$%(*:(.6%+*%<.+.%;&*%D&*+'%-*/&<)-
1'%*$/*['$H'%+*%,'+'%/*,,)L$%+*1%(*:(.>
+-2%.FB.4-.1$%1%2)()*".(,"#$-5.&,5.#,0#%C
/5.(%$-G*".&,5.1-2-D,
I.%;&*%*1%,.-'HL$%*/%'1%,&*-D.%N&<'$.6%1.%*/%1'%D-.D./),)L$
,*$(-'1%'1%(*:(.%CA%'1%/*-<L$E>%#1%M'/.%m%1.%'A&+'-@%'%+*/,&?-)-%1'
*$/*['$H'%+.<)$'$(*%+*1%(*:(.%?'P.%+./%*$,'?*H'<)*$(./Q
mh
!"#$%&'(()*"
#1%(*<'Q%`=*%;&K%*/(@%N'?1'$+.%*1%'&(.-a
#1%K$0'/)/Q%`c&K%*/%1.%;&*%*1%'&(.-%*/(@%+),)*$+.%',*-,'%+*%1.
;&*%K1%*/(@%N'?1'$+.a
G.+.%*$%*1%(*:(.%*/(@%(*P)+.%*$%(.-$.%'%&$%/.1.%(*<'%D-)$,)D'1>
O&'$+.% /*% +'% ,.$% *1% (*<'qK$0'/)/6% *$(.$,*/% D.+*<./
,.$0)'+'<*$(*%*:D.$*-%*1%(*:(.%?'P.%1'%'&(.-)+'+%+*1%,)*1.>
+-2%.HB./5.1$%1*2)#%.&,5.2,$6*"C
/5.(,$,>$%.&,5.2,$6*"
#1%M'/.%n%*/%,-J(),.%D'-'%N',*-%;&*%1'%D-*+),',)L$%*:D./)()9'
/*'%-*1*9'$(*%D'-'%1'%'&+)*$,)'>%#1%D-.DL/)(.%*/%*1%,*-*?-.%+*1
/*-<L$6%*1%*/1'?L$%,1'9*%+*1%(*:(.%'1%/*-<L$>%W/(*+%9'%'%'D-*$+*-
'%'-(),&1'-%,1'-'<*$(*%*1%D-.DL/)(.%+*1%/*-<L$%*$%-*1',)L$%,.$%/&
'&+)*$,)'>
+-2%.IB.4-.1$%1%2)()*".(,"#$-5.&,5.2,$6*"C
/5.(%$-G*".&,5.2,$6*"
b/J%,.<.%*1%(*:(.%()*$*%&$%(*<'qK$0'/)/%/)$8&1'-6%/&%/*-<L$
('<?)K$% +*?*% (*$*-% &$% (*<'qK$0'/)/% /)$8&1'->% I'% D-.D./),)L$
,*$(-'1%+*%/&%/*-<L$%,.$(*$+-@%*1%+.?1*%*$0.;&*%+*%(*<'qK$0'/)/>
b;&J% 1'% D-.D./),)L$% ?J?1),'% CM'/.% mE% /*% ,'$'1)H'% '% (-'9K/% +*1
D-.DL/)(.% CM'/.% nE6% A% /*% ',(&'1)H'% D'-'% ;&*% /*'% *$(*$+)+'% A
.?*+*,)+'%D.-%1'%'&+)*$,)'>
+-2%.JB./2#$'(#'$,.,5.2,$6*"C
/5.,2:',5,#%.&,5.2,$6*"
#$% */(*% D'/.% &/(*+% ,.$/)+*-'-@% 1'/% <'$*-'/% ?@/),'/% +*

+*/'--.11'-%&$%/*-<L$%,.$%&$)+'+6%.-+*$%A%D-.8-*/.>%V*%9'$%'
D-.D.$*-%*P*<D1./%+*%+*/'--.11.%;&*%9'$%'%'0*,('-%1'%,.<D-*$/)L$
A%*/()<&1'-%'%1'%.?*+)*$,)'>
m!
+$,&)(-()*"./01%2)#)3-
+-2%KB.+$,&):',.,5.2,$6*"C
4-.(-$",.&,5.2,$6*"
W/(*+%D&*+*%)$,-*<*$('-%*1%)<D',(.%+*%/&%/*-<L$%'%(-'9K/
+*%)1&/(-',).$*/6%*1%&/.%'+*,&'+.%+*%D'1'?-'/%A%/&%,.<&$),',)L$
0J/),'>%#$%*1%bDK$+),*%!!%/*%)$,1&A*%&$%,&*/().$'-).%'<D1).%D'-'
*9'1&'-%/&/%<*$/'P*/%A%1./%+*%.(-./>%G'<?)K$%/*%1*%',.$/*P'-@
*/,-)?)-%*1%/*-<L$%+*%<'$*-'%,.<D1*('%'$(*/%+*%D-*+),'-1.>
L2#,&.,2#M.,".,5.5'@-$.(%$$,(#%.,".,2#,.6-"'-5.2)B
❏ #/(@%1)/(.%D'-'%)$9.1&,-'-/*%*$%1'%D-*+),',)L$%*:D./)()9'
❏ c&)*-*%(*$*-%*$%,1'-.%,L<.%*:(-'*-%<'(*-)'1%+*%&$%(*:(.%D'-'
/&/%/*-<.$*/
mg
!"#$%&'(()*"
/5.1$%(,2%.&,.5-
,01%2)()*".>?>5)(-
mm
!"#$%&'(')(#'*#+
!"#$%&'(')(#'*#+
,-(./-01'2%')(3-"-4'
1
3)$/+LM+3*,'(<&,+,-+$,*875
3)$/+NM+#$%*&2%&*,+,-+$,*875
3)$/+"M+O)+6*/6/$(2(75+2,5%*)-+',-+$,*875
3)$/+PM+#-+6*/67$(%/+6&,5%,
3)$/+!M+O)+6*/6/$(2(75+2,5%*)-+',-+%,.%/
3)$/+FM+#$%*&2%&*,+,-+%,.%/
3)$/+4M+#$%&'(,+,-+%,.%/
#$%&'()*+,-+%,.%/+010-(2/+,$+,-+3)$/+4+,5+,-+6*/2,$/+',
6*,6)*)2(75+ ',-+ $,*8759 :+ ;/*8)-8,5%,+ ,5+ &5
8(5($%,*(/+ ',+ 6*,'(2)2(75+ <&,+ 6*/2&*)+ &5)
6*,'(2)2(75+,.6/$(%(=)>+5/+$,+6(,*',+,5,*?1)+/+%(,86/
,5+ ,$2/?,*+ &5+ 6)$)@,+ 6)*)+ 6*,'(2)*9+ A$%,'
$(86-,8,5%,+ 6*,'(2)+ ,-+ $(?&(,5%,+ $,?8,5%/+ ',+ -)
6/*2(75+010-(2)+<&,+,$%B+6*,'(2)5'/+)2%&)-8,5%,9+C#5
,-+D6E5'(2,+F+$,+,52&,5%*)5+)-?&5)$+2/5$(',*)2(/5,$
6)*)+,$2/?,*+%,.%/$+*,-,=)5%,$9G
:+ H(+ ,$%B+ I)8(-()*(J)'/+ 2/5+ ,-+ ,$%&'(/+ $($%,8B%(2/+ K+ 8,%7'(2/

',+&5+%,.%/+010-(2/>+6&,',+2/5%(5&)*+2/5+,-+3)$/+F9+H(5+,80)*?/>
-,+*,2/8(,5'/+<&,+*,=($,+,-+3)$/+4+2/8/+&5+2&*$/+',+*,6)$/
,5+-/$+8E%/'/$+0B$(2/$+',+,$%&'(/+010-(2/9
!"
50'%&/-/&61(!*3+"&#&7-
O)+ 6*,'(2)2(75+ ,.6/$(%(=)+ ',+ &5+ %,.%/+ )$&8,+ <&,+ &$%,'

,$%&'()*B+,-+6)$)@,+2/5+(5%,-(?,52()>+(5%,52(75+,+(5%,*)2%(=)8,5%,9
A$%,'+,$%&'()+&5+%,.%/+2/5+(5%,-(?,52()+6/*<&,+)8)+)+Q(/$+2/5
%/'/+$&+$,*>+-/+2&)-+(52-&K,+$&+8,5%,9+A$%,'+,$%&'()+&5+%,.%/+2/5
(5%,52(75+')'/+<&,+<&(,*,+*,2&6,*)*+,-+6*/67$(%/+,.6*,$/+',+-/
<&,+Q(/$+%(,5,+6)*)+&$%,'+K+6)*)+$&+6&,0-/+,5+,$,+%,.%/9+R+&$%,'
',$2&0*(*B+)+Q(/$+',8)5')5'/+$&+6*/6()+$&8($(75+K+2)80(/+)-
(5%,*)2%&)*+2/5+,-+%,.%/9
S)K+'/$+I)2,%)$+,5+,$%,+,$%&'(/94
5-"+(9
V,*+-/$+',%)--,$+',+&5+%,.%/
#$%&'()5'/+&5+%,.%/
\&$2)*+,-+$(?5(I(2)'/+,5+-/$+',%)--,$
!"#M+$&+,$%&'(/+',-+%,.%/+%*)%)*B+2/5+%/'/$+-/$+',%)--,$+<&,+6&,')
T=,*U+,5+,-+%,.%/9
$%&'(#M+$&$+2/52-&$(/5,$+)+6)*%(*+',-+,$%&'(/+',-+%,.%/+*,$&-%)*B5
',+-)$+6*,?&5%)$+<&,+I/*8&-,+,5+2&)5%/+)+-/$+',%)--,$+',+&5
6)$)@,+')'/+K+$&$+*,$6&,$%)$+)+,$%)$+6*,?&5%)$9
8'0()+"(%'#-))'"(%'($1(#'*#+
V,*+,-+%,.%/+,$+/0$,*=)*+<&E+(5I/*8)2(75+W)+2/-/2)'/+Q(/$
,5+ &5+ 6)$)@,+ 010-(2/9+ )*+*&+ -/$+ ',%)--,$+ ',+ &5+ %,.%/+ $/5
(86/*%)5%,$>+ 6/*<&,+ 2*,,8/$+ ,5+ -)+ (5$6(*)2(75+ 6-,5)+ ',+ -)
#$2*(%&*)9+S)?)+%/')$+-)$+/0$,*=)2(/5,$+6/$(0-,$+$/0*,+&5+%,.%/9
A$%,'+6&,',+K+=)+)+',$2)*%)*+/0$,*=)2(/5,$+(5)6*/6()')$+8B$
%)*',9
XY&E+ ,$+ -/+ <&,+ %(,5,+ <&,+ /0$,*=)*Z+ Q,0,+ /0$,*=)*+ -)$
6)-)0*)$+K+-)$+*,-)2(/5,$+,5%*,+-)$+6)-)0*)$9
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++3)-)0*)$
V,*+-/$+',%)--,$
[,-)2(/5,$
!N
!"#$%&'(')(#'*#+
:;"'07'()-"(3-)-;0-"
]/8,+5/%)+',+-)$+6)-)0*)$+',(-"&+,5+,-+%,.%/9+O)$+6)-)0*)$
',%,*8(5)5+,-+2/5%,5('/+',+$&+%,.%/+,+(5I-&K,5+,5+-)+8)5,*)+,5
<&,+&$%,'+2/5$%*&K,+$&+$(?5(I(2)'/9+#52&,5%*/+',+)K&')+%*)%)*
2/5+&5+=,*$12&-/+,5+&5)+W/@)+',+6)6,-9+D5/%,+%/'/+,-+=,*$12&-/
,5+,-+,52)0,J)8(,5%/+',+-)+6B?(5)+K+$&0*)K,+-)$+6)-)0*)$+2-)=,$9
O)$+6)-)0*)$+2-)=,$+<&,+',0,+,$%&'()*+$/5+6)-)0*)$+-)*?)$>+6)-)0*)$
(5&$&)-,$+K+6)-)0*)$+*,6,%(')$9
5-)-;0-"(3-0-(+;"'07-0
• 3)-)0*)$+-)*?)$
• 3)-)0*)$+(5&$&)-,$
• 3)-)0*)$+*,6,%(')$
</#&7&%-%=
++++++D0*)+$&+\(0-()+,5+,-+H)-8/+44L9+D5/%,+,-+=,*$12&-/
&5/+,5+,-+,52)0,J)8(,5%/+',+-)+W/@)+',+6)6,-+K+$&0*)K,+-)$
6)-)0*)$+2-)=,$9+S)?)+-/+8($8/+2/5+,-+=,*$12&-/+'/$+,5+&5)
$,?&5')+6B?(5)9+V)+)+,$%&'()*+6)-)0*)$+%)-,$+2/8/M+(,(."/0
/('1*/"&02(3*#0241+",1+(+02"5"#/(6
:;"'07'()-"(0')-/&+1'"
D-?&5/$+',+-/$+%(6/$+',+*,-)2(/5,$+<&,+=)+)+/0$,*=)*+$/5M
• [,-)2(/5,$+?*)8)%(2)-,$M+XQ,+<&E+8)5,*)+,$%B5+2/-/2)')$+-)$
6)-)0*)$+,5+,-+%,.%/Z+O)$+/0$,*=)2(/5,$+0B$(2)$+=)5+)+(52-&(*
-)$+*,-)2(/5,$+,5%*,+51"37*&+C6)$)'/>+6*,$,5%,>+I&%&*/G>+/83"#*
C$(5?&-)*>+6-&*)-G>+K+9:/"#*+C8)$2&-(5/>+I,8,5(5/>+5,&%*/G9
• [,-)2(/5,$+-7?(2)$M+XQ,+<&E+8)5,*)+-/$+6,5$)8(,5%/$+,$%B5
2/-/2)'/$+,5+,-+%,.%/Z+X^78/+2/5$%*&K,+,-+)&%/*+&5+2)$/+/
)*?&8,5%/+6)*)+$&+6&5%/Z
• [,-)2(/5,$+ 2*/5/-7?(2)$+ K_/+ ?,/?*BI(2)$M+ X^&B-,$+ $/5+ -/$
%(,86/$+/+-&?)*,$+<&,+,$%B5+(5=/-&2*)'/$+,5+,-+%,.%/Z
!L
50'%&/-/&61(!*3+"&#&7-
• [,-)2(/5,$+6$(2/-7?(2)$M+XS)K+)-?&5/$+)$6,2%/$+6$(2/-7?(2/$
,5+,$%,+%,.%/+<&,+,$%B5+,.6-12(%/$+/+(86-12(%/$+,5+-)$+6)-)0*)$Z
• [,-)2(/5,$+2/5%,.%&)-,$M+X#5+<&E+2/5%,.%/+/2&**,+,$%,+%,.%/Z
;,2,$(%)*B+ %,5,*+ ,5+ 2&,5%)+ -/$+ 2/5%,.%/$+ (58,'()%/+ K+ 8B$
)86-(/M
a+#-+2/5%,.%/+',+-)+\(0-()
a+#-+2/5%,.%/+',-+-(0*/
a+#-+2/5%,.%/+',-+%,.%/
• [,-)2(/5,$+',+?E5,*/M+O)$+*,-)2(/5,$+',+?E5,*/+%(,5,5+<&,
=,*+2/5+,-+%(6/+',+-(%,*)%&*)+010-(2)+,5+,-+<&,+$,+,52&,5%*)+,-
6)$)@,9+ D<&1+ W)K+ )-?&5/$+ ',+ -/$+ %(6/$+ ',+ -(%,*)%&*)+ <&,+ $,
,52&,5%*)5+,5+-)+\(0-()9
a #5$,b)5J)M+8)%,*()-,$+'('B2%(2/$+/+'($2&*$(=/$+2/8/+-/$
$,*8/5,$+',+c,$d$+/+-)$+,61$%/-)$9
a ;)**)2(/5,$M+5)**)2(75+',+W,2W/$+W($%7*(2/$9
a 3/,$1)M+H)-8/$>+3*/=,*0(/$>+^)5%)*,$>+K+/%*/$9
a 3)*B0/-)$M+6*(8)*()8,5%,+,5+-)$+6)*B0/-)$+',+c,$d$9
a e(-)?*/$M+6*(8)*()8,5%,+,52/5%*)'/$+,5+%*,$+6,*1/'/$+',
-)+W($%/*()+010-(2)ae/($E$+)+D)*75>+#-1)$+K+#-($,/>+,-+H,b/*
K+-/$+)67$%/-,$9
a 3*/I,21)M+ -(0*/$+ <&,+ %(,5,5+ <&,+ =,*+ 2/5+ ,-+ I&%&*/+ 2/8/
$,22(/5,$+',+Q)5(,->+#J,<&(,->+D6/2)-(6$($>+K+%)80(E5+-/$
6*/I,%)$+8)K/*,$+K+8,5/*,$+',-+D5%(?&/+],$%)8,5%/9
>$"/-0("&?1&@&/-%+('1()+"(%'#-))'"(%'($1(3-"-4'
e(,5%*)$+<&,+,-+=,*+,$%B+*,-)2(/5)'/+2/5+-/$+',%)--,$+',+&5
6)$)@,>+,-+0&$2)*+%(,5,+<&,+=,*+2/5+,-+$(?5(I(2)'/+',+,$/$+',%)--,$9
;/+%(,5,+$,5%('/+=,*+6)*%,$+K+5/+0&$2)*+,-+%/'/9+\&$2)*+$(?5(I(2)'/
%(,5,+<&,+=,*+2/5+(5%,*6*,%)*+-)$+/0$,*=)2(/5,$>+K+=,*+K+0&$2)*
?,5,*)-8,5%,+ $,+ W)2,5+ $(8&-%B5,)8,5%,>+ K+ ,$+ -/+ 8,@/*9+ O)
(5%,*6*,%)2(75+,$+0B$(2)8,5%,+I/*8&-)*+6*,?&5%)$+',+5&,$%*)$
/0$,*=)2(/5,$+K+*,$6/5',*-)$9
f/*8&-)*+6*,?&5%)$
\&$2)*+$(?5(I(2)'/ [,$6/5',*+6*,?&5%)$
,5+-/$+',%)--,$ D5)-(J)*+*,$6&,$%)$
D6-(2)*+*,$6&,$%)$
!`
!"#$%&'(')(#'*#+
A+0B$)-0(30'?$1#-"
Q,0,+I/*8&-)*+6*,?&5%)$9+#5+W)2,*+6*,?&5%)$+$,+,52&,5%*)
,-+)*%,+',+',$2&0*(*+,5+2&)-<&(,*+'($2(6-(5)9+A5)+'(I,*,52()+$(86-,
,5%*,+,$%&'()5%,$+)=)5J)'/$+K+6*(52(6()5%,$+,$+-)+W)0(-(')'+',
6-)5%,)*+8&2W)$+6*,?&5%)$+0&,5)$9+f/*8&-,+6*,?&5%)$+$/0*,+-)$
6)-)0*)$9+f/*8&-,+6*,?&5%)$+$/0*,+-)$+*,-)2(/5,$+,5%*,+-)$+6)-)0*)$
<&,+W)+8)*2)'/+2/8/+(86/*%)5%,$+6)*)+-)+2/86*,5$(75+',+&5
%,.%/9
!"#2,*&2+"5(,,"& $%&'(#2",2&19/141'(+*
•+3)-)0*)$ •+3*,?&5%)$+$/0*,+6)-)0*)$
•+[,-)2(/5,$ •+3*,?&5%)$+$/0*,+*,-)2(/5,$
3*,?&5%)$+$/0*,+6)-)0*)$
3*,?&5%,+<&E+$(?5(I(2)5+-)$+6)-)0*)$+W/K9+\d$<&,-)$+,5+&5
'(22(/5)*(/+2)$%,--)5/+/+,5+-,5?&)+=,*5B2&-)9+A5+0&,5+'(22(/5)*(/
5/+$7-/+-,+'(*B+-/+<&,+$(?5(I(2)+&5)+6)-)0*)+)W/*)>+$(5/+%)80(E5
<&E+$(?5(I(2)0)+,5+,-+%(,86/+',+$&+%*)'&22(75+C,9?9+4gNh>+V,*$(75
[,(5)iV)-,*)+ [,=($)')G9+ #-+ $(?5(I(2)'/+ ',+ 8&2W)$+ 6)-)0*)$+ W)
2)80()'/+)+-/+-)*?/+',+-/$+)b/$9+3,*81%)8,+(-&$%*)*-/+,5+,-+2)$/
',-+(5?-E$9+#5+-)$+5&,=)$+=,*$(/5,$+(5?-,$)$+',+-)+\(0-()>+-)+%,*2,*)
6,*$/5)+ ',+ -)+ ]*(5(')'+ ,$+ ,-+;&7<#15%+ H)5%/+ Cj*9+ 7/"%3(>+ e%9
F`94gG>+K+-/$+'($216&-/$+$,+)$&$%)*/5+',+&5+4(/5(&3(+Cj*9+4(/5(&3(>
e%9+4P9FNG9+k#5+-)$+=,*$(/5,$+(5?-,$)$+)5%(?&)$>+-)+%,*2,*)+6,*$/5)
',+ -)+ ]*(5(')'+ ,*)+ --)8)')+ 2/5$($%,5%,8,5%,+ =*,>2 ?@*&5
Cf)5%)$8)+H)5%/G+8(,5%*)$+<&,+-/$+'($216&-/$+$,+)$&$%)*/5+',+&5
"&7<#15%+C&71#15+,5+(5?-E$Gl+j*)2()$+)+Q(/$>+,5+2)$%,--)5/+5/+%,5,8/$
,$%,+6*/0-,8)>+999+)-+8,5/$+,5+,$%,+2)$/9
3*,?&5%,+<&E+$(?5(I(2)0)5+-)$+6)-)0*)$+,5+,-+%(,86/+,5+<&,
I&,*/5+ ,$2*(%)$+ 6/*+ 6*(8,*)+ =,J9+ \&$<&,+ -)$+ 6)-)0*)$+ ,5+ &5
'(22(/5)*(/+010-(2/+/+&5)+,52(2-/6,'()+',+-)+\(0-()9
3*,?&5%,+',+<&E+8)5,*)+-)+\(0-()+/+,-+)&%/*+&$)5+,$%)$
6)-)0*)$+,5+/%*)$+6)*%,$+K+278/+-)$+&$)5+/%*/$+)&%/*,$+010-(2/$9
!g
50'%&/-/&61(!*3+"&#&7-
S)K+=)*()$+8)5,*)$+',+,52/5%*)*+,$%)$+*,$6&,$%)$9+O)$+*,I,*,52()$
)-+8)*?,5+,5+$&+\(0-()+6&,',5+?&()*-/+)+-/$+&$/$+2-)=,$+',+-)
6)-)0*)+,5+/%*)$+6)*%,$9+])80(E5>+&5)+2/52/*')52()+-/+)K&')*B
(58,5$)8,5%,9+ Q,0,+ 6*,?&5%)*+ ,$%)$+ 8($8)$+ 6*,?&5%)$+ ,5
2&)5%/+)+I*)$,$+2-)=,$+K+',2-)*)2(/5,$+*,6,%(')$+,5+$&+%,.%/9
3*,?&5%)$+$/0*,+*,-)2(/5,$
O)+ -,5?&)+ 2)$%,--)5)+ I*,2&,5%,8,5%,+ ,$+ 6,2&-()*9+ 3/*

,@,86-/>+-/$+-"9"5(#1(/*&+2/8,5+=,?,%)-,$>+k6,*/+-/$+@%3(/15(#1*&
5/+2/8,5+W&8)5/$l+H(+&$%,'+,$+2)6)J+',+8)5,@)*+,-+=/2)0&-)*(/
K+-)$+(52/5$($%,52()$+',-+2)$%,--)5/>+,5%/52,$+5(5?d5+('(/8)+=)+)
$,*+&5+6*/0-,8)+6)*)+&$%,'9
O)$+*,-)2(/5,$+,5%*,+6)-)0*)$>+,5+$&+8)K/*+6)*%,>+%(,5,5
<&,+=,*+2/5+-)+?*)8B%(2)9+O)+?*)8B%(2)+5/$+)K&')+)+'($2,*5(*+,-
6&5%/+ ',+ &5)+ /*)2(75+ K+ ,=,5%&)-8,5%,+ ?*&6/$+ ',+ /*)2(/5,$
*,-)2(/5)')$9+ Q&*)5%,+ 8(+ (5I)52()>+ )6*,5'1+ 278/+ &$)*+ -)
?*)8B%(2)+ $(5+ $)0,*+ 278/+ T/6,*)0)9U+ S,+ ,52/5%*)'/+ <&,+ -)
?*)8B%(2)+,$+2/8/+-)+8,2B5(2)+',+&5+)&%/87=(-9+^/5'&J2/+&5
)&%/+$(5+$)0,*+278/+/6,*)9+kR+8,+<&,'/+6)*)'/+2&)5'/+,-+)&%/
$,+',$2/86/5,l+#$%/+,$+-/+<&,+/2&**(7+2&)5'/+8(+-,5?&)+8)'*,
$,+W(J/+6,')J/$+K+K/+5/++$)01)+278/+*,6)*)*-)9+#=,5%&)-8,5%,>
-)+?*)8B%(2)+',+8(+-,5?&)+$,+I&,+W)2(,5'/+8B$+2-)*)+6)*)+819
3)*)+)<&,--/$+<&,+$/5+2/8/+K/>+W,+(52-&('/+&5)+(5%*/'&22(75+)
-)+ ?*)8B%(2)+ 2)$%,--)5)+ ,5+ ,-+ D6E5'(2,+ !+ ',+ ,$%,+ 8)5&)-9+ O)
2/86*,5$(75+',+-)+?*)8B%(2)+2)$%,--)5)+%)80(E5+-/+)K&')*B+)
)5)-(J)*+&5+%,.%/+010-(2/+,5+/%*/$+('(/8)$a,$6,2()-8,5%,+$(+,$%B
)6*,5'(,5'/+/%*/$+('(/8)$+)+%*)=E$+',-+2)$%,--)5/9
f/*8&-)8/$+6*,?&5%)$+)2,*2)+',+-)$+8($8)$+*,-)2(/5,$
<&,+/0$,*=)8/$+0)@/+=,*+-/$+',%)--,$+',+&5+%,.%/M+?*)8)%(2)-,$>
-7?(2)$>+2*/5/-7?(2)$+K+/%*)$+*,-)2(/5,$9
[,-)2(/5,$+?*)8)%(2)-,$
H(+/0$,*=)+-/$+',%)--,$+',+e)%,/+4N94`+=,*B+<&,+,-+H,b/*
c,$d$+&$)+,-+51"37*+I&%&*/M+T;+141'(#:+8(+(?-,$()U+CE5I)$($+81/G9
#5+e)%,/+F`94g+E-+&$)+-)+6)-)0*)+/*3.#"+,5+,-+$(5?&-)*+2&)5'/
$,+*,I(,*,+)+-)$+%*,$+6,*$/5)$+',+-)+]*(5(')'9+;/%,+,-+&$/+',-+)*%12&-/
Ph
!"#$%&'(')(#'*#+
',I(5('/+,5+#I,$(/$+P94!M+T-)+&5(')'+',+,(+I,U+CE5I)$($+81/G9+H(
&$%,'+&$)+,-+?*(,?/+,5+$&+,$%&'(/>+5/%)*B+,-+?E5,*/+5,&%*/>+2/8/
,5+c&)5+4h9!hM+TR/+K+,-+3)'*,+%/*+$/8/$U+CE5I)$($+81/G9
V)K)+)-+D6E5'(2,+4+6)*)+&5)+*,$6&,$%)+)+&5)+(86/*%)5%,
6*,?&5%)+<&,+$,+8,+6-)5%,)+,5+$,8(5)*(/$+$/0*,+6*,'(2)2(75M
TX#$+6/$(0-,+6*,'(2)*>+K+6*,'(2)*+2/5+,I,2%(=(')'>+$(5+2/5/2,*+-)$
-,5?&)$+/*(?(5)-,$+',+-)+\(0-()ZU
[,-)2(/5,$+-7?(2)$
O)$+*,-)2(/5,$+-7?(2)$+5/$+)K&')5+)+,5%,5',*+,-+2)$/>+,-
6&5%/>+/+,-+)*?&8,5%/+<&,+,-+)&%/*+,$%B+,-)0/*)5'/9+#5+-)+-($%)
<&,+$(?&,+',+(-&$%*)2(/5,$+',+-)+\(0-()>+5/%,+-)$+6)-)0*)$+<&,+W,
6&,$%/+ ,5+ 0)$%)*'(--)9+ 3)-)0*)$+ 2/8/+ ,$%)$+ 5/$+ )K&')5+ )
',%,*8(5)*+-)$+*,-)2(/5,$+,5%*,+2/5@&5%/$+',+6)-)0*)$9+Y&(JB$
&$%,'+5/+,$%&'()*1)+,$%)$+6)-)0*)$+2/8/+6)-)0*)$+2-)=,$9+3,*/
?,5,*)-8,5%,+$/5+6)-)0*)$+2/*%)$+<&,+(5I-&K,5+$(?5(I(2)%(=)8,5%,
$/0*,+,-+$(?5(I(2)'/+',+-/$+',%)--,$9
• ^)&$)+K+,I,2%/M+T;/$/%*/$+-,+)8)8/$+)+E->+7*#A%"+E-+5/$+)87
6*(8,*/U+C4+c&)5+P94gG9
• [)J75M+ TB102 7%"&0+ C$(?5(I(2)+ T,5+ *)J75+ ',+ <&,UG+ W)0E($
*,$&2(%)'/+2/5+^*($%/>+0&$2)'+-)$+2/$)$+',+)**(0)U+C^/-9+!94G9
• [,$&-%)'/M+ S)0-)5'/+ $/0*,+ -/$+ )52()5/$+ <&,+ I(,-8,5%,
6)$%/*,)*/5+ ,-+ *,0)b/+ ',+ Q(/$>+ 3,'*/+ ,$2*(0,M+ TR+ '%(/+*
)6)*,J2)+ ,-+ 3*152(6,+ ',+ -/$+ 6)$%/*,$>+ =/$/%*/$+ *,2(0(*E($+ -)
2/*/5)+(52/**&6%(0-,+',+?-/*()U+C4+3,'*/+"9PG9+#-+#"&%,5(+*+',-
6)$%/*,/+ I(,-+ ,$+ -)+ *,2/86,5$)+ <&,+ %*),+ ,-+3*152(6,+ ',+ -/$
6)$%/*,$9
m>+-)+(86/*%)52()+6*B2%(2)+',+-)+'/2%*(5)+',-+*)6%/+6)*)+,-
2/5$&,-/+ 6*,$,5%,+ $,+ 2/5$%*&K,+ $/0*,+ -)+ *)J75+ /+*,$&-%)'/
,.6*,$)'/+6/*+-)+,.6*,$(75+7*#25(/5*+,5+4+],$)-/5(2,5$,$
P94`+C2I9+4+]$9+P94!i4`G9
• ^/5%*)$%,M+ #I,$(/$+ F+ W)0-)+ ',+ 5&,$%*)+ )5%,*(/*+ ,.($%,52()
,$6(*(%&)-+ C==9+ 4i!GM+ TC"#*+ Q(/$999U+ C=9+ PG+ '*/5#(&5(+ 5&,$%*)
,.($%,52()+,$6(*(%&)-+6*,$,5%,+2/5+-)+)5%,*(/*>+',6,5'(,5'/+',
-)+6)-)0*)+7"#*9
P4
50'%&/-/&61(!*3+"&#&7-
• ^/86)*)2(/5,$M+Te)K/*+,$+,-+<&,+,$%B+,5+=/$/%*/$>+A%"+,-
<&,+,$%B+,5+,-+8&5'/U+C4+c&)5+P9PG9+O/$+'/$+<&,+2/86(%,5
6/*+-)+)-()5J)+W&8)5)+$/5+'*37(#(+*&9
• ^/5'(2(75M+F+^*75(2)$+L94PM+TB1+$,+W&8(--)*,+8(+6&,0-/>+999
,5%/52,$+K/+/(*E9U+O)+'*/+1'1D/+',+-)+*,$6&,$%)+',+Q(/$+,$
5&,$%*)+(5=/2)2(75+',+$&+5/80*,9
• 3*/67$(%/M+#I,$(/$+P94F+6*,$,5%)+,-+6*/67$(%/+6/*+,-+2&)-+Q(/$
'(/+-1',*,$+,$6,2()-,$+)+-)+(?-,$()M+T(241/+',+6,*I,22(/5)*+999U
;&,=)8,5%,>+%/')$+,$%)$+*,-)2(/5,$+-7?(2)$+$,+,$%)0-,2,5
)+%*)=E$+',+6)-)0*)$+K+6*/?*,$(/5,$+',+6)-)0*)$9
[,-)2(/5,$+2*/5/-7?(2)$+K_/+?,/?*BI(2)$
#$%)$+ *,-)2(/5,$+ $/5+ ',+ )K&')+ ,$6,2()-+ ,5+ ,$%*&2%&*)*

C0/$<&,@/+ ',$2*(6%(=/G+ -)+ -(%,*)%&*)+ 5)**)%(=)>+ 2/8/+ 8)%,*()-,$
W($%7*(2/$+K+W,2W/$+8(-)?*/$/$9+3,*81%)8,+8/$%*)*-,+&5+6)*+',
,@,86-/$9
#-+ O(0*/+ ',+ -/$+ S,2W/$+ $,+ 6*,$,5%)+ ,5+ &5)+ $,2&,52()
2*/5/-7?(2)+K+?,/?*BI(2)9+#$%)+$,2&,52()+$,+(5%*/'&2,+,5+S,2W/$
49`9
• c,*&$)-E5+ C494a`9!G9+ O)+ ,.6)5$(75+ ',+ -)+ I,+ 2*($%()5)+ ,5

c,*&$)-E59
• H)8)*()+ C`9Pa4F9F"G9+ ;/%,+ %)80(E5+ )<&1+ ,-+ "4"'5*+ ',
'($6,*$(75+ ',+ -/$+ 2*($%()5/$>+ <&,+ I&,+ *'(&1*/(+*+ 6/*+ -)
6,*$,2&2(759+^&)5'/+&$%,'+(5%,*6*,%)+,-+%,.%/>+=,+,$%/+2/8/
&5+*,2&*$/+-(%,*)*(/+&%(-(J)'/+6/*+O&2)$+6)*)+2/5%)*5/$+)2,*2)
',+-)+8)5/+$/0,*)5)+',+Q(/$+,5+-)+,=)5?,-(J)2(759
• O)$+6)*%,$+8B$+*,8/%)$+',+-)+%(,**)+C4!94aF`9!4G9
#5+O&2)$+4L944i4g+,-+8(-)?*/+',+-/$+'(,J+-,6*/$/$+6&,',
$,*+)5)-(J)'/+',+8)5,*)+$(8(-)*9
• c,$d$+%*)%)+2/5+-/$++1"E+<&,+,$%)0)5+,5+5,2,$(')'+K+I&,*/5
$)5)'/$+C==9+44i4PG9
• O)+5)**)2(75+-&,?/+$,+,5I/2)+,5+%/*+<&,+=/-=(7+)+',2(*+?*)2()$
C==9+4"i4gG9
PF
!"#$%&'(')(#'*#+
#-+ -(0*/+ ',+ c/5B$+ $,+ 6*,$%)+ IB2(-8,5%,+ )+ &5+ ,$%&'(/

2*/5/-7?(2/+K+?,/?*BI(2/9
• c/5B$+,5+n$*),-+8(5($%*)5'/+C494iFG
• c/5B$+,5+,-+0)*2/+W&K,5'/+)+])*$($+C49!i4PG
• c/5B$+,5+,-+6,J+/*)5'/+C494"aF94hG
• c/5B$+,5+;15(=,+6*,'(2)5'/+C!94i4hG
• c/5B$+,5+&5+*,I&?(/+CI&,*)+',+;15(=,G+,5I&**&bB5'/$,+CP94i
44G
[,-)2(/5,$+ 6$(2/-7?(2)$
O)+ /0$,*=)2(75+ ',+ -)$+ *,-)2(/5,$+ 6$(2/-7?(2)$+ 6&,',

6)*,2,*+2/8/+&5)+8)5,*)+6,-(?*/$)+',+(5%,*6*,%)*+%,.%/$>+')'/
<&,+ ,-+ %E*8(5/+ 7&1'*,D91'*+ 6&,',+ (86-(2)*+ &5)+ $&0@,%(=(')'
)*0(%*)*()9+3,*/+&5+(5%,5%/+',+,5%,5',*+-)$+2&,$%(/5,$+6$(2/-7?(2)$
,$+ 5,2,$)*(/+ 6)*)+ '($2,*5(*+ ,-+ $(?5(I(2)'/+ ',+ &5)+ -(%,*)%&*)
'($%(5%(=)+2/8/+$/5+-)$+6)*B0/-)$>+-/$+8(-)?*/$+&+/%*/$+8)%,*()-,$
<&,+%(,5,5+<&,+=,*+2/5+-)$+*,-)2(/5,$+W&8)5)$9+3/*+,@,86-/>
*,2/5/2,8/$+-)+*,-)2(75+%(,*5)+',-+6)$%/*+K+-)+/=,@)+CH)-9+F!o+c&)5
4hG9+V(,5'/+',+<&E+8)5,*)+&5+6)$%/*+$,+$(,5%,+,5+2&)5%/+)+$&
/=,@)>+5/$+)K&')*B+)+,5%,5',*+,-+$,5%(8(,5%/+',-+6)$%/*+'(=(5/
W)2()+$&$+/=,@)$9
])80(E5>+6)*)+,5%,5',*+*,)-8,5%,+,-+8(-)?*/+',+-)+$)5(')'
',+-/$+'(,J+-,6*/$/$>+5,2,$(%)8/$+'($2,*5(*+)-?/+',+-)$+%,5$(/5,$
,5%*,+-/$+@&'1/$+K+-/$+$)8)*(%)5/$>+K+6/*+<&E+,*)+(86/*%)5%,+<&,
&5+,.%*)5@,*/+-,+'(,*)+?*)2()$+)+c,$d$>+2&)5'/+-/$+',+$&+6*/6(/
6&,0-/+5/+-/+W(2(,*/59+O&2)$+2-)*)8,5%,+2/5%*)$%)+,$%/$+'/$+%(6/$
',+6,*$/5)$+',+&5)+8)5,*)+$(?5(I(2)%(=)+7&1'*,D91'(3"/5"0+2/5
*,$6,2%/+)+$&+?*)%(%&'+6)*)+2/5+c,$d$9+c,$d$+%*)%7+2/5+-/$+'(,J
<&,+5,2,$(%)0)5+$)5(')'+CO&2)$+4L944i4PG>+6,*/+5&,=,+%/8)*/5
6/*+$,5%)')+-)+$)5(')'9+O)+5)**)2(75+$,b)-)+)-+<&,+-,+'(/+?*)2()$>
)+6,$)*+',+<&,+,*)+,.%*)5@,*/+CO&2)$+4L94"i4gG9
D-+/0$,*=)*+-/$+',%)--,$+<&,+-/$+,$2*(%/*,$+')5+,5+2&)5%/+)
-/$+)$6,2%/$+6$(2/-7?(2/$+',+-)$+*,-)2(/5,$+W&8)5)$+*,%*)%)')$
,5+-/$+8(-)?*/$>+/0%,5,8/$+&5)+2/86*,5$(75+8B$+6*/I&5')+',
-)+#$2*(%&*)9+#$%/+5/+,$+&5+,@,*2(2(/+',+6$(2/-/?(J)2(75+',+-)+\(0-()>
P!
50'%&/-/&61(!*3+"&#&7-
$(5/+',+6*,?&5%)*+$(+,-+%,.%/+5/$+/I*,2,+8)%,*()-+6$(2/-7?(2/+<&,
%,5,8/$+<&,+%,5,*+,5+2&,5%)>+6)*)+--,?)*+)-+$(?5(I(2)'/+',-+)&%/*9
[,-)2(/5,$+2/5%,.%&)-,$
^&)-<&(,*+6)$)@,+,$%B+*/',)'/+6/*+,-+2/5%,.%/+-(%,*)*(/+',-
%/%)-+/+',+6)*%,$+',+-)+#$2*(%&*)9
;,2'*/5"F5*2+"2,(2$1.,1(9+]/')+-)+\(0-()+,$+&5+?*)5+*,-)%/9+#$
,-+2/52,6%/+',+Q(/$+$/0*,+-)+W($%/*()+a&%2@1&5*#1(9+#-+/*(?,5+',-
&5(=,*$/+K+,-+$,*+W&8)5/>+-)+2/5$%(%&2(75+',-+6&,0-/+,-,?('/+',
Q(/$+ ,5+ ,-+ D5%(?&/+ %,$%)8,5%/>+ -)+ 6*(8,*)+ =,5(')+ ',-+ H,b/*
c,$&2*($%/>+-)+*,=,-)2(75+',-+8($%,*(/+',+<&,+%/'/$+-/$+6&,0-/$
6&,',5+$,*+W,*,',*/$+6/*+(?&)-+',+-)+$)-=)2(75+',+Q(/$+,5+^*($%/
c,$d$>+K+-/$+,=,5%/$+I(5)-,$+',+5&,$%*/+8&5'/+,$6)2(/i%,86/*)->
?(*)5+)-*,','/*+',+^*($%/+c,$d$+2/8/+,-+*,',5%/*+'(=(5/+',+-)
W&8)5(')'9+#-+2/5%,5('/+',+%/')+-)+\(0-()+,52)@)+,5+,$%,+*,-)%/>
<&,+=)+',+-)+2*,)2(75+',+-)+%(,**)+W)$%)+-)+2*,)2(75+',+&5)+%(,**)
5&,=)9
DW/*)>+8&2W/$+$(,*=/$+',+Q(/$+5/+W)5+=($%/+%/'/+,-+2&)'*/9
R+$(5+=,*+,-+2&)'*/+%/%)->+,$2/?,5+&5+=,*$12&-/+',+jE5,$($+/+',
n$)1)$+/+',+e)%,/+,+(**)'()5+0&,5/$+6,5$)8(,5%/$+$/0*,+,-+8($8/9
3*/0)0-,8,5%,+5/+,$%B5+$(,5'/+5/+010-(2/$>+6,*/+,$+(86/*%)5%,
6*,?&5%)*+$(+,$%B5+'(2(,5'/+-/+<&,+,-+%,.%/+,$%B+'(2(,5'/9+Q,0,5
%/8)*+,5+2&,5%)+,-+2/5%,.%/+%/%)-+',+-)+#$2*(%&*)M+,-+2/5%,.%/
W($%7*(2/+,5+-)+6*/?*,$(75+010-(2)+',+-)+W($%/*()>+,-+2/5%,.%/+010-(2/>
,-+2/5%,.%/+2&-%&*)->+K+,-+2/5%,.%/+%,/-7?(2/9
^&)5'/+ $,+ 2/5$(',*)+ ,-+ 2/5%,.%/+ 010-(2/+ /+ -(%,*)*(/>+ &5
=,*$12&-/+',+-)$+5)**)2(/5,$+',-+3,5%)%,&2/+$,*B+(5%,*6*,%)'/+8,@/*
2/5+-)$+2)*)2%,*1$%(2)$+',+-)+5)**)2(75+,5+8,5%,>+K+-/$+H)-8/$
$,*B5+ 8,@/*+ ,5%,5'('/$+ 2/5+ -)+ 6/,$1)+ ,5+ 8,5%,9+ 3)*)+ -/$
,$%&'()5%,$+8B$+)=)5J)'/$>+,5+,-+D6E5'(2,+"+$,+$(5%,%(J)5+/%*)$
2&,$%(/5,$+<&,+',0,5+$,*+%/8)')$+,5+2&,5%)+,5+-)+6*,'(2)2(75
',+5)**)2(/5,$9+#$+$&I(2(,5%,+5/%)*+)<&1+<&,+-)+\(0-()+,$%B+,$2*(%)
,5+8&2W/$+,$%(-/$+-(%,*)*(/$>+K+5/$/%*/$+',0,8/$+(5%,*6*,%)*+-/$
6)$)@,$+,5+2/5$/5)52()+2/5+-)+(5%,52(75>+I/*8)+K+,$%(-/+',+-/$
)&%/*,$9
#-+ 2/5%,.%/+ 2&-%&*)-+ %)80(E5+ ',0,+ $,*+ 2/5$(',*)'/9+ 3/*
,@,86-/>+-)+)&'(,52()+',+D87$+,*)+'(I,*,5%,+',+-)+)&'(,52()+',
PP
!"#$%&'(')(#'*#+
3)0-/>+5/+$7-/+%,/-7?(2)8,5%,+$(5/+%)80(E5+2&-%&*)-8,5%,9
^&)5'/+ $,+ -/+ /0$,*=)+ ',$',+ &5+ 2/5%,.%/+ %,/-7?(2/>+ &5
6)$)@,+<&,+,$%B+2/5%,5('/+,5+-/$+%,.%/$+-,?)-,$+6*,=(/$+)+-)+2*&J
,5+ ,-+ D5%(?&/+ ],$%)8,5%/+ 5/+ 6&,',+ $,*+ %*)%)'/+ ',+ -)+ 8($8)
8)5,*)+(5%,*6*,%)%(=)+<&,+-)$+-($%)$+',+(5$%*&22(/5,$+E%(2)$+C)+=,2,$
--)8)')$+ %,.%/$+ 6*B2%(2/$G+ <&,+ $,+ ,52&,5%*)5+ ,5+ -)$+ ,61$%/-)$
6)&-(5)$9
#$+5,2,$)*(/>+6/*+%)5%/>+%,5,*+&5)+=($(75+6)5/*B8(2)+',
%/'/+ ,-+ *,-)%/+ 010-(2/+ ',$',+ jE5,$($+ W)$%)+ D6/2)-(6$($9
B%9"#"/'1(M+H(+&$%,'+5/+6&,',+6,5$)*+%/%)-8,5%,+,-+*,-)%/+',+-)
\(0-()>+-,)+&5+,$%&'(/+',+-)+\(0-()9+m0*)$+(5%*/'&2%/*()$+2/8/+-/$
8)5&)-,$+010-(2/$+6&,',5+$,*+',+8&2W)+)K&')9
;,2'*/5"F5*2+",2,1.#*9+^)')+-(0*/+,5+-)+\(0-()+I&,+,$2*(%/+6/*
&5+)&%/*+(5%,-(?,5%,+0)@/+-)+$&6,*=($(75+',-+#$61*(%&+H)5%/9+^)')
-(0*/+I&,+,$2*(%/+)'*,',+,5+&5)+8)5,*)+6)*%(2&-)*9+H&+6*/67$(%/
(5I-&K7+$/0*,+$&+2/5%,5('/9+D$1+<&,+/0$,*=,+,-+2/5%,5('/+',-+-(0*/
6)*)+,5%,5',*+$&+6*/67$(%/9+#$%,+6*/67$(%/>+)+$&+=,J>+-/+)K&')*B
)+(5%,*6*,%)*-/+)5%,$+',+<&,+-/+,.6/5?)9
D+8/'/+',+(-&$%*)2(75>+%/8,+&5+-(0*/+2/8/+c/09+O,)+,-
-(0*/+'/$+/+%*,$+=,2,$9+Q(2W/+$(86-,8,5%,>+,$+,-+*,-)%/+',+&5
W/80*,+ *(2/+ K+ @&$%/+ --)8)'/+ c/0>+ <&,+ 6)$7+ 6/*+ &5+ %*,8,5'/
$&I*(8(,5%/9+]*,$+)8(?/$>+,5+%*,$+2/5I,*,52()$+2/5+c/0>+%*)%)5
',+)K&')*-/+)+2/86*,5',*+$&+$&I*(8(,5%/>+6,*/+2)')+=,J+,--/$
$,b)-)5+2)&$)$+8)-)$9+A5+2&)*%/+)8(?/+$,+)2,*2)+&5+6/2/+8B$+)
-)+=,*')'>+6,*/+-)+*,$6&,$%)+I(5)-+)-+6*/0-,8)+,.($%,52()-+K+%,/-7?(2/
',+c/0+=(,5,+)+%*)=E$+',+&5)+*,=,-)2(75+'(5B8(2)+',+-)+6)-)0*)$
K+/0*)$+',-+Q(/$+]/'/6/',*/$/9
D+8,'(')+<&,+,$%&'()+,-+-(0*/>+&$%,'+5/%)*B+-)$+$(?&(,5%,$
'(=($(/5,$+ ',5%*/+ ',+ -)+ 5)**)2(75+ C-/$+ 5d8,*/$+ $,+ *,I(,*,5+ )
2)61%&-/$GM
n5%*/'&22(75M+-)+)5?&$%()+',+c/0+4iF
3*(8,*+2/5I,*,52()+!i4P
H,?&5')+2/5I,*,52()+4"iF4
],*2,*)+2/5I,*,52()+FFi!4
O/$+'($2&*$/$+',+#-(d+!Fi!L
O)+*,$6&,$%)+',+Q(/$+!ìP4
^/52-&$(75M+-)+-(0,*)2(75+',+c/0+PF
P"
50'%&/-/&61(!*3+"&#&7-
Q,$6&E$+',+,$%&'()*+,-+-(0*/+2/5+,$%)$+'(=($(/5,$+,5+8,5%,>
2&)5'/+&$%,'+--,?)+)+&5+=,*$12&-/+I)=/*(%/+2/8/M+TR/+$E+<&,+8(
[,',5%/*+=(=,>U+6&,',+2/-/2)*+(58,'()%)8,5%,+,-+=,*$12&-/+,5+-)
*,$6&,$%)+',+c/0+,5+-)+$,?&5')+=&,-%)+',+'($2&*$/$+C4g9F"G9+#-
=,*$12&-/+,$+&5)+,.6*,$(75+',+,$6,*)5J)+=(%)-+,5+&5+2/5%,.%/+',
',$,$6,*)2(75+K+5/+,$+6*(8)*()8,5%,+&5+%,.%/+6)*)+,-+Q/8(5?/
',+ [,$&**,22(759+ #$+ &5)+ *,$6&,$%)+ )+ 2/8,5%)*(/$+ ,$6,21I(2/$
W,2W/$+ 6/*+ \(-')'+ ,5+ 2&)5%/+ )-+ ',$%(5/+ ',+ -/$+ (861/$+ 2/5
6/$%,*(/*(')'+)+-)+8&,*%,9+Q,+6*/5%/>+,5%/52,$>+-)+,$6,*)5J)+K+-)
2/5I()5J)+,5+,-+Q(/$+=(=(,5%,+$,+%/*5)5+,=(',5%,$+,5+8,'(/+',-
$&I*(8(,5%/+8B$+$,*(/9
^/5/2,*+%/'/+,-+-(0*/+-/+)K&')*B+)+,52)*)*+-)+2&,$%(75+$,*()
',+<&E+,$+-/+<&,+,-+)&%/*+%,51)+,5+8,5%,+,5+$&$+,$2*(%/$9+[,2&6,*)*
-)+(5%,52(75+',-+)&%/*+,$+-)+8,%)+',+%/')+(5%,*6*,%)2(759
B%9"#"/'1(M+D-?&5/$+',+-/$+8,@/*,$+*,2&*$/$+6)*)+,$%&'()*
-/$+2/5%,5('/$+K+6*/67$(%/+',+&5+-(0*/+')'/+$/5+-)$+\(0-()$+',
,$%&'(/+ K+ ',+ *,I,*,52()9+ e&2W)$+ =,2,$+ %(,5,5+ 2/8,5%)*(/$+ ',
)K&')+)-+2/8(,5J/+',+2)')+-(0*/9+O)$+(',)$+',+-/$+2/8,5%)*($%)$
6&,',5+ '(I,*(*+ &5+ 6/2/+ ,5+ $&$+ 6,*2,62(/5,$+ ',-+ 6*/67$(%/+ K
0/$<&,@/+',-+)&%/*9+D$1+<&,+$,*=(*B5+2/8/+8)%,*()-+)'(2(/5)-+6)*)
$&+2/5$(',*)2(75+',+<&,*,*+)**(0)*+)-+6*/67$(%/+K+,$%*&2%&*)+',-
)&%/*9+;/+/0$%)5%,>+,$+8,@/*+,$%&'()*+,-+-(0*/+6/*+&$%,'+8($8/
6*(8,*/>+K+-&,?/+2/86)*)*+$&$+(',)$+2/5+-)$+',+/%*/$+,*&'(%/$9
#$%,+6*/2,$/+$,*B+8B$+IB2(-+2/5+)-?&5/$+-(0*/$+010-(2/$+<&,+2/5
/%*/$9+ 3,*/+ 5/+ )I-/@,9+ #-+ 6*,'(2)'/*+ 010-(2/+ ',0,+ %,5,*+ &5
2/5/2(8(,5%/+/6,*)%(=/+',-+-(0*/+,5+,-+<&,+)6)*,2,+$&+%,.%/9
;,2'*/5"F5*2+",25"F5*9+O)+&5(')'+0B$(2)+',-+,$%&'(/+',+-)
\(0-()+5/+,$+,-+=,*$12&-/+/+-)+/*)2(75>+$(5/+,-+6B**)I/9+R)+W,8/$
8,52(/5)'/+<&,+,-+0,5,I(2(/+',+-)+6*,'(2)2(75+,.6/$(%(=)+,$+<&,
5/+5,2,$(%)+6,*',*+%(,86/+/+,5,*?1)+,5+',2('(*+<&E+6*,'(2)*+2)')
'/8(5?/9+D+8,'(')+<&,+&$%,'+W)2,+$&+,$%&'(/+',-+-(0*/>+5/%)*B
<&,+,-+%,.%/+,$%B+'(=('('/+,5+6B**)I/$9+;/*8)-8,5%,>+&$%,'+6&,',
6*,'(2)*+&5+6B**)I/+2)')+=,J9
#-+2/5%,.%/+',-+%,.%/+$,+%/*5)+2*&2()-+2&)5'/+&5+)&%/*+,$%B
,-)0/*)5'/+6&5%/$+$/0*,+-/$+6&5%/$+',+&5+6)$)@,+6*,=(/9+D',8B$>
6&,',+5/+$,*+6/$(0-,+%,*8(5)*+&5+6B**)I/+,5%,*/+,5+&5+$,*8759
A$%,'+6&,',+6*,'(2)*+$7-/+,-+6*(8,*+K+$,?&5'/+6&5%/+',-+%,.%/9
#5+,$%,+2)$/>+',0,+,$%&'()*+-/$+=,*$12&-/$+)5%,*(/*,$+K+)+=,2,$+-/$
PN
!"#$%&'(')(#'*#+
2/5%,.%/$+<&,+$(?&,5>+,5+6*,6)*)2(75+6)*)+&5+$,*8759
3)*)+(-&$%*)*+-)+(86/*%)52()+',-+2/5%,.%/+',-+%,.%/+,5+)K&')*-,
)+,5%,5',*+$&+$(?5(I(2)'/>+=)K)+)-+-(0*/+',+4+3,'*/9+#5+F94!+-)
2&,$%(75+6*(52(6)-+,$+-)+$&8($(759+H(+W&0(E$,8/$+('/+'(*,2%)8,5%,
)+-)$+*,$6/5$)0(-(')',$+',-+,$6/$/+,5+!9L>+6*/0)0-,8,5%,+5/
W&0(E$,8/$+ ,5%,5'('/+ -)+ I&,*J)+ ,5+ ,$,+ %,.%/+ ',+ -)+ 6)-)0*)
19%(,3"/5"+ 6)*)+ -/$+ ,$6/$/$9+ 3,'*/+ K)+ W)+ W)0-)'/+ )2,*2)+ ',
$&8($(75+)+-)$+)&%/*(')',$+',-+?/0(,*5/+K+)+/%*/$+$,b/*,$>+(52-&$/
2&)5'/+$,+,$+%*)%)'/+2/5+(5@&$%(2()9+H(+',@)8/$+',+-)'/+-)+I&,*J)
',-+2/5%,.%/+%/%)-+$/0*,+$&8($(75>+,5%/52,$+,5+5&,$%*)+6*,'(2)2(75
)+-/$+,$6/$/$+5/+=)8/$+)+%/2)*+&5)+',+-)$+2&,$%(/5,$+2-)=,$+,5
-)$+*,-)2(/5,$+'/8E$%(2)$a-)+8&%&)+$&8($(75>+*,$6,%/+K+-,)-%)'
,5%*,+,$6/$/+K+,$6/$)9+kY&(JB$+T,$6/$/$+<&,+$/5+6*,'(2)'/*,$U
<&($(,*)5+5/+2/5$(',*)*+,$)+6)-)0*)l
[,-)2(/5,$+',+?E5,*/
D<&1+,5I)%(J)8/$+-/+<&,+K)+W)+$('/+$&?,*('/+,5+2&)5%/+)
-/$+'(I,*,5%,$+%(6/$+',+-(%,*)%&*)+<&,+$,+,52&,5%*)5+,5+-)+\(0-()9
;&,$%*)+)6*/.(8)2(75+(5%,*6*,%)%(=)+)-+%,.%/+$,*B+(5I-&(')+6/*+,-
,$%(-/+,5+<&,+,$%B+,$2*(%/9+3/*+,@,86-/>+8(*)8/$+)+&5+%,.%/+,$2*(%/
,5+,$%(-/+5)**)%(=/+',+8)5,*)+'(I,*,5%,+<&,+-/+W)*1)8/$+2/5+&5)
,61$%/-)9
;/+W)?)+<&,+%/'/$+-/$+',%)--,$+',+&5+%,.%/+5)**)%(=/+%,5?)5
&5+=)-/*+',+)6-(2)2(75+6)*)+$&+)&'(,52()9+O/$+',%)--,$+W($%7*(2/$
6&,',5+$,*+8,52(/5)'/$+K+)?*,?)*B5+(5%,*E$+)+-)+6*,$,5%)2(75>
6,*/+5/+%/'/$+,--/$+6&,',5+$,*+)6-(2)'/$+'(*,2%)8,5%,+)+5&,$%*)$
=(')$+W/K9+3)*)+(-&$%*)*>+=/-=)8/$+)-+-(0*/+',+c/5B$+a&5)+%16(2)
5)**)2(75+',+&5+,=,5%/+W($%7*(2/9+^&)5'/+--,?)+,-+8/8,5%/+',
6*,'(2)*+-)+W($%/*()+',+c/5B$>+5/+6*,$&6/5,8/$+<&,+,-+6&5%/+,$
<&,+5/+',0,8/$+8,%,*5/$+,5+0)*2/$9+3/*+,-+2/5%*)*(/>+6/',8/$
6*,$&6/5,*+&5)+=,*')'+2/8/+<&,+5(5?d5+-&?)*+,$%B+I&,*)+',-
)-2)52,+',+Q(/$+2&)5'/+,$%)8/$+W&K,5'/+',+E-9+#-+6&5%/+',+-)
=(,@)+5)**)2(75+',+c/5B$+5/+,$+2&B-+,$+,-+8,'(/+',+%*)5$6/*%,
8B$+)',2&)'/>+$(5/+-)+5,2,$(')'+',+/0,',2,*+-)+=/-&5%)'+2/5/2(')
',+Q(/$9+O/$+',%)--,$+',+-)+5)**)2(75+',$2*(0,5+,-+,=,5%/+W($%7*(2/
K+ -/+ )K&')5+ )+ &$%,'+ )+ )**(0)*+ )+ -)+ =,*')'+ %,/-7?(2)+ <&,+ ,$%B
*,6*,$,5%)')+',+8)5,*)+d5(2)+,5+,-+6)$)@,9
PL
50'%&/-/&61(!*3+"&#&7-
m%*/+,@,86-/+,$+,-+',+3)0-/9+D&5+2&)5'/+E-+2)8(5)0)+6/*
)W1+,5+$)5')-()$+,5+D$()+e,5/*+K+I&,+8/*'('/+6/*+=10/*)$>+5/
6/',8/$+6*,'(2)*+<&,+-/$+2*($%()5/$+',0,5+W)2,*+-/+8($8/9+H(5
,80)*?/>+ 6/',8/$+ 6*,'(2)*+ <&,+ =)5+ )+ 2/5I*/5%)*$,+ 6,-(?*/$
2&)5'/+$,+W)2,+,=)5?,-(J)2(75+6(/5,*)+,5+B*,)$+'(I(2&-%/$)$9
#$%/$+%(6/$+',+)@&$%,$+W,*8,5E&%(2/$+6)*)+&5)+)6-(2)2(75
W/8(-E%(2)+$/5+2)$(+(5%&('/$+6/*+,-+(5%E*6*,%,_6*,'(2)'/*9
D+ =,2,$+ ,$%/$+ )@&$%,$+ W/8(-E%(2/$+ K+ ',+ )6-(2)2(75+ $,
',5/8(5)5+ 2/8/+ T6*(52(6)-(J)2(75Ua-)+ )0$%*)22(75+ ',+ &5
6*(52(6(/+%,/-7?(2/+',+&5+%,.%/+6)*)+&5+(86)2%/+',+)6-(2)2(759
#5+ -/$+ 3)$/$+ !+ )+ "+ ',-+ 6*/2,$/+ ',+ ,.6/$(2(75+ 010-(2)+ =/K+ )
8/$%*)*-,+278/+$,+6&,',+W)2,*+,$%/+2/5+$,?&*(')'+K+6*,2($(759
Q,0/+)-,*%)*-,>+$(5+,80)*?/>+',+)-?&5/$+6,-(?*/$+,5+,$%,+6*/2,$/
',+6*(52(6)-(J)2(759+H&+6*(52(6(/+',0,+$,*+,.%*)1'/+',-+%,.%/>+8B$
<&,+ (86&,$%/+ $/0*,+ ,-+ %,.%/9+ Q,0,+ ,$%)*+ *,-)2(/5)'/+ 2/5+ -)
,$%*&2%&*)+K+',%)--,$+',-+%,.%/9+]*)%)*E+2/5+,$%)+6)*%,+',-+6*/2,$/
8B$+%)*',9+CA5+%*)%)8(,5%/+8B$+%E25(2/+$/0*,+6*(52(6)-(J)2(75
$,+,52&,5%*)+,5+,-+D6E5'(2,+P9G
#-+?E5,*/+,$+%)80(E5+&5+I)2%/*+2&)5'/+$,+(5%,*6*,%)5+K
6*,'(2)5+-)$+6)*B0/-)$9+O)$+6)*B0/-)$+?,5,*)-8,5%,+%(,5,5+&5
E5I)$($+ 6*(52(6)->+ <&,+ 5/+ 6&,',+ $,*+ (?5/*)'/9+ A5/+ 5/+ 6&,',
6*,'(2)*+ &5)+ 6)*B0/-)+ 0&$2)5'/+ &5)+ )6-(2)2(75+ ,5+ %/'/$+ $&$
',%)--,$9+O/+8($8/+,$+=,*')'+',+-/$+8(-)?*/$+',+5&,$%*/+H,b/*9
n52-&$/+/%*/+%(6/+',+-(%,*)%&*)+,$+-)+6/,$1)+',+H)-8/$+K+c/09+Q,0/
8,52(/5)*+%)80(E5+,-+2)*B2%,*+d5(2/+',+-)+-(%,*)%&*)+6*/IE%(2)9
^&)5'/+(5%,*6*,%)8/$+,$%,+?E5,*/>+',0,8/$+%,5,*+,5+2&,5%)+$&
5)%&*)-,J)+6*/IE%(2)9+3/*+,@,86-/>+2&)5'/+2/86)*)8/$+-)+6)-)0*)
&"3(/(&+,5+Q)5(,-+g9FP+K+Q)5(,-+4h9F>+2/52-&(8/$+<&,+,$%)$
T$,8)5)$U+$/5+',+'&*)2(75+'(I,*,5%,9+^&)%*/2(,5%/$+5/=,5%)+'1)$
,$+&5+%(,86/+8&K+2/*%/+6)*)+<&,+$,+2&86-)+-)+6*/I,21)+',+Q)5(,-
g9FPiFL+K+=,(5%(d5+)b/$+,$+&5+6,*1/'/+',8)$()'/+-)*?/+6)*)
<&,+Q)5(,-+)K&5)*)+/+$/0*,=(=(,*)+C4h9!G9
[,$&8,5+',+6*,?&5%)$+)+I/*8&-)*
3,*81%)8,+*,$&8(*+,-+6*/2,$/+',+I/*8&-)*+6*,?&5%)$9+A5)
8)5,*)+IB2(-+',+*,2/*')*+-/$+%(6/$+',+6*,?&5%)$+<&,+,-+6*,'(2)'/*
5,2,$(%)+6-)5%,)*+)-+%,.%/+,$+'(=('(*-)$+,5+2&)%*/+2)%,?/*1)$M
P`
!"#$%&'(')(#'*#+
3*,?&5%)$+',+%*)$I/5'/
3*,?&5%)$+',+W,2W/$
3*,?&5%)$+',+$(?5(I(2)'/
3*,?&5%)$+',+)6-(2)2(75
• C#"9%/5(&2 +"2 5#(&4*/+*M+ 3/*+ ,@,86-/>+ X',+ <&E+ 8)5,*)+ ,-

%*)$I/5'/+W($%7*(2/+',+^/-/$,5$,$+)I,2%)+,-+2/5%,5('/+',-+,$2*(%/
',+3)0-/Z
• C#"9%/5(&2+"2@"'@*&M+X^78/+$,+',$2*(0,+3)0-/+,5+^/-/$,5$,$
494iFZ
• C#"9%/5(&2+"2&19/141'(+*M+X3/*+<&E+3)0-/+$,+',$2*(0,+',+,$%)
8)5,*)Z+XY&E+$(?5(I(2)+$,*+*,$&2(%)'/$+)+&5)+5&,=)+=(')+,5
E-+C^/-9+F94FGZ
• C#"9%/5(&2 +"2 (7,1'('1D/M+ XQ,+ <&E+ 8)5,*)+ 6/',8/$
2/52,5%*)*+5&,$%*)+)%,52(75+,5+-)$+2/$)$+',+)**(0)+C^/-9+!9FGZ
C'"3+1%'0(30'?$1#-"
D<&1+=,5(8/$+)-+%*)0)@/+*,)-+K+'&*/+',+-)+(5%,*6*,%)2(759+D-
*,$6/5',*+ 6*,?&5%)$+ ',0,8/$+ $,*+ 2&(')'/$/$+ ',+ <&,+ 5/
8)5(6&-)8/$+ ,-+ %,.%/+ ,5+ 5&,$%*/$+ (5%,5%/$+ ',+ '/8(5)*-/9+ O)
(5%,*6*,%)2(75+$,52(--)+K+5)%&*)-+',+-)+#$2*(%&*)+C)-?&5/$+-)+--)8)5
T-(%,*)->U+K+/%*/$+-)+--)8)5+T(5%,*6*,%)2(75+W($%7*(2/i?*)8)%(2)-UG
,$+-/+<&,+',0,+0&$2)*+,-+,.6/$(%/*9+\B$(2)8,5%,>+,$%/+,$+(5%,*6*,%)*
-)+#$2*(%&*)+,5+$&$+6*/6(/$+%E*8(5/$o+,$%/+,$+-/+8B$+(86/*%)5%,
6)*)+-)+2/86*,5$(75+',+$&+$(?5(I(2)'/9
#5+ ,$%)+ 2/K&5%&*)+ ',+ -)+ 6*,6)*)2(75+ &$%,'+ 6&,',
(52/*6/*)*+%/'/$+-/$+*,2&*$/$+',+,$%&'(/+',+-)+\(0-()+)+-/$+<&,
%,5?)+)22,$/9+H(+5/+2/5/2,+-)$+-,5?&)$+/*(?(5)-,$>+-,+$&?(,*/+<&,
2/5$(',*,+/0%,5,*+&5)+0&,5)+\(0-()+',+,$%&'(/>+&5)+2/52/*')52()
6)*)+-)+=,*$(75+<&,+,$%B+&%(-(J)5'/>+&5)+$,*(,+',+2/8,5%)*(/$+C&5
2/8,5%)*(/+ 2/5/2('/+ ,5+ &5+ =/-&8,5+ 6&,',+ $,*+ &5+ 0&,5
2/8(,5J/G>+ K+ &5+ 0&,5+ '(22(/5)*(/+ ',+ -)+ \(0-()9+ #$%)$+ $/5
5,2,$(')',$+,$,52()-,$9+O,)+,$%/$+8)%,*()-,$+6/*+$&+(5I/*8)2(75
6)*)+$&$+6*,?&5%)$+K+*,$6&,$%)$9+[,2&,*',+<&,+E$%)$+$/5+$7-/
Pg
50'%&/-/&61(!*3+"&#&7-
)K&')$+6)*)+$&+6*,6)*)2(759+;/+-/$+%/<&,+W)$%)+<&,+&$%,'+W)K)
--,?)'/+)+,$%)+,%)6)+,5+-)+6*,6)*)2(75+',+$&+$,*8759+#--/$+=)5+)
(5I-&(*+$&$+6*,?&5%)$+K+2/52-&$(/5,$+$(+&$%,'+-/$+2/5$&-%)+)5%,$+',
,$%,+8/8,5%/>+K+,$%/+(86,'(*B+,-+6*/2,$/+',+6*,6)*)2(75+6/*+,-
2&)-+,-+%,.%/+$,+%*)5$I/*8)+,5+&5)+6)*%,+',+$&+$,*+8($8/9
<1-)&D-0(0'"3$'"#-"
[/0,*%/+]*)(5)+,5+$&+-(0*/+G"5@*+1'(,2$1.,"2B5%+>+C69+4`4G
W)0-)+',+%*,$+6,-(?*/$+,5+-)+(5%,*6*,%)2(75+',+-)+#$2*(%&*)M
• H"&1/5"#7#"5('1D/M+)$(?5)*+,-+$(?5(I(2)'/+,**75,/+)+&5+6)$)@,
• B%.I1/5"#7#"5('1D/M+,-+I*)2)$/+,5+)I(*8)*+,-+$(?5(I(2)'/+%/%)-
',+&5+6)$)@,
• B*.#"I1/5"#7#"5('1D/M+)%*(0&(*+8B$+$(?5(I(2)'/+)+&5+6)$)@,+<&,
,-+<&,+*,)-8,5%,+,$%B+(86-12(%/+,5+E-
S)+2/**('/+8&2W)+%(5%)+$/0*,+278/+(5%,*6*,%)*+&5+6)$)@,9
3,*/+,5+,-+5(=,-+6/6&-)*>+&$%,'+)5)-(J)*B+$&$+*,$6&,$%)$+2/5+-)$
6*&,0)$+$(?&(,5%,$M
• J(2 7#%".(2 +"2 ,(2 (%5"/51'1+(+M+ X3&,',+ &$%,'+ 6*/0)*+ <&,+ $&
(5%,*6*,%)2(75+,$+)&%E5%(2)Z+#$%/+,$>+-/+<&,+,-+)&%/*+<&,*1)
$(?5(I(2)*+2&)5'/+,$2*(0(7+,$%)$+6)-)0*)$9
• J(27#%".(2+"2,(2%/1+(+M+XS)K+&5(')'+',+$(?5(I(2)'/+,5%*,+-/$
%E*8(5/$>+ )I(*8)2(/5,$+ K+ -)+ (5%,*6*,%)2(75+ ',-+ %,.%/Z+ XS)K
)-?&5)+ 2/5%*)'(22(75+ /+ '($2*,6)52()+ ,5+ 8(+ (5%,*6*,%)2(75Z
3/*+,@,86-/>+&5)+=,J+,$2&2WE+&5+$,*875+$/0*,+4+c&)5+'/5',
@"#3(/*+$(?5(I(2)0)+2*($%()5/+,5+-)+6*(8,*)+8(%)'+',-+$,*875
K+5/+2*($%()5/+,5+-)+$,?&5')+8(%)'9
• J(27#%".(2+"2,(2'*/&1&5"/'1(M+X#$+$&+(5%,*6*,%)2(75+2/5$($%,5%,
2/5+,-+*,$%/+',-+2)61%&-/>+-(0*/>+K+-)+\(0-()Z+X3&,',+&$%,'+,.6-(2)*
)-?&5)+ '(I(2&-%)'+ ,=(',5%,Z+ 3/*+ ,@,86-/>+ X278/+ ,.6-(2)+ ,-
6,*8($/+',+3)0-/+)+](8/%,/+',+2/8,*+%/'/+%(6/+',+2)*5,$+,5
2/86)*)2(75+2/5+-)$+6*/W(0(2(/5,$+',-+D5%(?&/+],$%)8,5%/Z
• J(27#%".(2+"2,(2&137,1'1+(+M+X#$+$&+(5%,*6*,%)2(75+$(86-,+/
)*%(I(2()-Z+XH,52(--)+/+81$%(2)Z+XQ(2W)+K+,5%,5'(')+2/5+I)2(-(')'
"h
!"#$%&'(')(#'*#+
/+ 6,$)')8,5%,+ )6/K)')+ 6/*+ )-&$(/5,$+ K+ 8,J2/-)5J)$+ ',

)*?&8,5%/$Z
• J(27#%".(2+"2,(2@*/"&51+(+M+XS)+$('/+&$%,'+2&(')'/$/+,5+5/
-,,*+,5+,-+%,.%/+-/$+6*,@&(2(/$+K+6*,$&6/$(2(/5,$+$&K/$+/+',
/%*/$+C,9?9+$&+8),$%*/+',+\(0-()+/+-/$+',+$&+',5/8(5)2(75GZ
C*#24(-*#2/*5"M+#5+*)J75+',+<&,+5&,$%*)$+(5%,*6*,%)2(/5,$
5/+$/5+(5I)-(0-,$>+',0,8/$+$(,86*,+',@)*+)0(,*%)+-)+6/$(0(-(')'
',+2)80()*>+)+8,'(')+<&,+5&,=)$+,=(',52()$+K_/+2&,$%(/5,$+$,
)6-(<&,5+)+-)+(5%,*6*,%)2(759
50+;-1%+("$(&1#'030'#-/&61
%'($1(3-"-4'(;E;)&/+
49+D&%,5%(2(')'
F9+A5(')'9
!9+^/5$($%,52()
P9+ H(86-(2(')'
"9+S/5,$%(')'
<3)&/-0(0'"3$'"#-"
O)+6*,'(2)2(75+5/+$7-/+%(,5,+<&,+=,*+2/5+-)+%*)5$I,*,52()
',+(5I/*8)2(759+](,5,+<&,+=,*+2/5+%*)5$I,*(*+(5I/*8)2(75+<&,
%*)5$I/*8)+ )+ -)$+ 6,*$/5)$9+ O/+ <&,+ 6*,'(2)8/$+ ',0,+ 2)80()*
=(')$9+Q,0,+',$)I()*+)+W/80*,$+K+8&@,*,$+)+)6-(2)*+-)+=,*')'+',
-)+\(0-()+)+-)+,$%*&2%&*)+8($8)+',+$&$+=(')$9+O)+*,$6/5$)0(-(')'
',-+6*,'(2)'/*+,$+',-(5,)*+5/+$7-/+6*(52(6(/$+6)*)+$&+)6-(2)2(75>
$(5/+%)80(E5+')%/$+6)*)+$&+)6-(2)2(759+;/+6/',8/$+',@)*+,5
8)5/$+',+-)+)&'(,52()+,-+,52/5%*)*+2)8(5/$+K+8,'(/$+6)*)+)6-(2)*
2*,)%(=)8,5%,+-)+#$2*(%&*)9
3*(8,*/+ ',0,8/$+ K+ )6-(2)*,8/$+ -)+ #$2*(%&*)+ )+ 5&,$%*)$
6*/6()$+=(')$9+O&,?/>+8/$%*)*,8/$+)+-)$+6,*$/5)$+278/+(5%,?*)*
-)+=,*')'+010-(2)+,5+$&$+=(')$9+#5+,$%)+,%)6)+',-+6*/2,$/+',+-)
6*,6)*)2(75+',-+$,*875+K)+,$%)8/$+6,5$)5'/+,5+<&E+,$+-/+<&,
"4
50'%&/-/&61(!*3+"&#&7-
-)+\(0-()+,$%B+'(2(,5'/+)+5&,$%*)+?,5%,>+0)$)'/$+,5+-/+<&,+-)+\(0-()
$(?5(I(2)9+X^&B-+,$+-)+(86/*%)52()+',-+%,.%/+0)@/+,$%&'(/+6)*)+-)
=(')+'()*()+K+8/',*5)Z
D5%,$+',+(*+)+&5)+8,%/'/-/?1)+6)*)+-)+)6-(2)2(75>+)<&1+W)K
&5)+0&,5)+',I(5(2(75+',+)6-(2)2(75+',+[/K+\9+p&2q9
H,+6&,',+',I(5(*+-)+)6-(2)2(75+,5+-)+,.6/$(2(75+010-(2)+C6*,'(2)2(75
/+,5$,b)5J)G+2/8/+,-+6*/2,$/+',+2/8&5(2)2(75+',+-)+(86/*%)52()
6*,$,5%,+',+&5+%,.%/+010-(2/>+,$6,2(I(2)5'/+',+<&E+8)5,*)+,$)
*,-,=)52()+6&,',+$,*+%*)'&2(')+,5+)22(75>+,+(5=(%)5'/+K+&*?(,5'/+)
-/$+/K,5%,$+)+W)2,*+,$)+%*)5$I,*,52()9F
O)+)6-(2)2(75+6&,',+,$%)*+/*(,5%)')+W)2()+,-+'*/5"/1+*>
*,-)2(/5)')+)+-/+<&,+-/$+/K,5%,$+',0,5+2*,,*+/+=)-/*)*o+/+6&,',
,$%)*+/*(,5%)')+W)2()+-)+'*/+%'5(>+*,-)2(/5)')+)+-/+<&,+',0,5
W)2,*+&+/0,',2,*9++f*,2&,5%,8,5%,>+,$%)$+'/$+/*(,5%)2(/5,$+,5+-)
)6-(2)2(75+ ,$%B5+ 2/80(5)')$>+ $(86-,8,5%,+ 6/*<&,+ -)+ ?,5%,
?,5,*)-8,5%,+=)+)+W)2,*+-/+<&,+=)-/*)9
3)*)+W)2,*+&5)+)6-(2)2(75+)',2&)')+&$%,'+',0,+I/*8&-)*
-)$+$(?&(,5%,$+6*,?&5%)$+*(?&*/$)$9
• X^&B-+,$+-)+)6-(2)2(75+C*,-,=)52()+)2%&)-G+',-+%,.%/Z
• XY&E+%(6/+',+)6-(2)2(75+',0,*1)+,.%*),*+',-+%,.%/Z+X^/5%,5('/>
• ++2/5'&2%)>+/+2/5'&2%)+0)$)')+,5+2/5%,5('/Z
• X#$%B+8(+)6-(2)2(75+0)$)')+*,)-8,5%,+,5+,$%,+%,.%/Z+X](,5,+-)
• ++)&%,5%(2(')'+',-+%,.%/+',%*B$+',+,--)Z
• XY&E+ =)+ )+ 2/5=,52,*+ )+ 8(+ )&'(,52()+ ',+ <&,+ E$%)+ ,$+ -)
)6-(2)2(75+',-+%,.%/Z
• XQ,+<&E+8)5,*)+6&,'/+,$%)*+$,?&*/+',+<&,+-)$+6,*$/5)$+=)5
)+,5%,5',*+-)+)6-(2)2(75+',-+%,.%/Z+#$%/+,$>+5/+6/',8/$+')*
6/*+$,5%)'/+<&,+W)5+2)6%)'/+-)+)6-(2)2(759+O)+)6-(2)2(75+5/
,$+)&%/8B%(2)9+#5+*,)-(')'>+-)$+6,*$/5)$+5/+,$%B5+(52-(5)')$+)
)6-(2)*+=,*')',$+)+$1+8($8)$9+keB$+0(,5+-)$+=)5+)+)6-(2)*+)+-/$
',8B$l
D$1+ <&,>+ )+ 8,'(')+ <&,+ ,$%&'(,+ ,-+ %,.%/>+ &$%,'+ ,$%)*B

0&$2)5'/+6&5%/$+',+)6-(2)2(75+6,*$/5)-+K+6)*)+-)+6*,'(2)2(759
R>+I*,2&,5%,8,5%,>+2/8,5J)*B+)+)6-(2)*+,$%/$+6&5%/$+(52-&$/+)5%,$
"F
!"#$%&'(')(#'*#+
',+<&,+$&+$,*875+%/8,+2&,*6/+K+I/*8)9+[,?($%*,+-)$+)6-(2)2(/5,$
<&,+&$%,'+6(,5$)+$&*?,5+',+&5+%,.%/9+eB$+%)*',+6/'*B+6/5,*+)
&5+-)'/+-)$+)6-(2)2(/5,$+<&,+5/+%(,5,5+)&%/*(')'+%,.%&)-+/+2)*,2,5
',+0)$,+%,.%&)-+C3)$/+!G+K+<&,+5/+=)5+)+)@&$%)*$,+)+$&+6*/67$(%/
C3)$/+ PG9+ #&?,5(/+ O/r*K+ $&?(,*,+ &5)+ (5%,?*)2(75+ (5%,*,$)5%,9
TV($%)+-/$+$/80*,*/$+',-+,*&'(%/+K+,-+W/8(-E%(2/+(2,*2,(#9*+',-
6*/2,$/+',+6*,6)*)2(75+',-+$,*8759U!
!"#$%$&'&(
++D6-(<&,8/$+,-+6*(8,*+6)$/+',-+6*/2,$/+',+,.6/$(2(75
010-(2)>+T#$%&'(,+,-+%,.%/>U+)+&5+%,.%/+8&,$%*)+%/8)'/+',+-)$
,61$%/-)$>+#I,$(/$+N94hi4F9+^/5%*/-,+,-+6*/?*,$/+',+2)')+I)$,
',+,$%,+6*(8,*+6)$/+)+8,'(')+<&,+%*)0)@,+2/5+,$%,+%,.%/9
A$,+ &5)+ W/@)+ ',+ 6)6,-+ 6/*+ =,*$12&-/9+ #$2*10)-/+ ,5+ $&
%/%)-(')'M
4h 3/*+-/+',8B$>+W,*8)5/$+81/$>+I/*%)-,2,/$+,5+,-+H,b/*>+K+,5+,-
?*)5+6/',*+',+$&+I&,*J)9
44 V,$%1/$+',+%/')+-)+)*8)'&*)+',+Q(/$>+6)*)+<&,+6/'B($+,$%)*
I(*8,$+2/5%*)+-)$+)$,2W)5J)$+',-+'()0-/9
4F 3/*<&,+5/+%,5,8/$+-&2W)+2/5%*)+$)5?*,+K+2)*5,>+$(5/+2/5%*)
6*(52(6)'/$>+2/5%*)+6/%,$%)',$>+2/5%*)+-/$+?/0,*5)'/*,$+',+-)$
%(5(,0-)$+',+,$%,+$(?-/>+2/5%*)+W&,$%,$+,$6(*(%&)-,$+',+8)-')'+,5
-)$+*,?(/5,$+2,-,$%,$9
8'0()+"(%'#-))'"
K.&"#-"2,(&27(,(.#(&
#$%&'(,+ $&$+ $(?5(I(2)'/$+ ,5+ '(22(/5)*(/$>+ '(22(/5)*(/$
010-(2/$+/+,52(2-/6,'()$>+K+,$%&'(,+$&+&$/+)+6)*%(*+',+-)$
,5%*)')$+,5+2/52/*')52()$+K+-)$+*,I,*,52()$+)-+8)*?,59
#5+,$%,+%,.%/+/0$,*=)*B+6)-)0*)$+%)-,$+2/8/M+4*#5(,"'"*&0
(#3(+%#(02 (&"'@(/E(&02 ,%'@(02 7#1/'17(+*&02 7*5"&5(+"&0
9*."#/(+*#"&9
K.&"#-"2,(&2#",('1*/"&
D<&1+ &$%,'+ /0$,*=)*B+ *,-)2(/5,$+ %)-,$+ 2/8/+ T6/*+ -/
',8B$U>+T,5+,-+H,b/*>U+T6/',*+',+$&+I&,*J)>U+T)$,2W)5J)$
"!
50'%&/-/&61(!*3+"&#&7-
',-+ '()0-/>U+ T$)5?*,+ K+ 2)*5,U+ K+ '(I,*,5%,$+ )$6,2%/$+ ',

,5,8(?/$+5/+W&8)5/$+,5+,-+=,*$12&-/+4F9
>$"/-0("&?1&@&/-%+
L*#3%,(#27#"9%/5(&
X3/*+<&E+3)0-/+'(2,+7*#2,*2+"3M&+,5+,-+=,*$12&-/+4hZ+X#$
6/$(0-,+$,*+I/*%)-,2('/+$(5+,-+H,b/*Z+Xm+5,2,$(%)8/$+',
I/*%)-,J)+ $/0*,5)%&*)-+ ,5+ *)J75+ ',-+ %(6/+ ',+ /6/$(2(75
$/0*,5)%&*)-+<&,+E-+',$2*(0,+,5+,-+=,*$12&-/+4FZ+])80(E5>
X6/*+<&E+5*+(+-)+)*8)'&*)+',+Q(/$Z
N"&7*/+"#27#"9%/5(&
C*#2,*2+"3M&2+6&,',+$(?5(I(2)*+T',+$&8)+(86/*%)52()U+K
6&,',+*,I,*(*$,+)+%/')+-)+,61$%/-)o+/+6&,',+*,I,*(*$,+W)2()
)%*B$+)+-/$+2/5%,5('/$+',+-/$+2)61%&-/$+PiN9+H,+*,2/8(,5')
5*+(+-)+)*8)'&*)+',+Q(/$+,5+*)J75+',+<&,+,$+5,2,$)*(/
6*/%,?,*+5&,$%*)$+B*,)$+',+=(')+8B$+=&-5,*)0-,$+',-+)%)<&,
%/%)-+',+H)%)5B$9
O/(,1E(#2#"&7%"&5(&
A%(-(J)5'/+ -)$+ 6*&,0)$+ ',%)--)')$+ )**(0)>+ )5)-(2,+ $&$
*,$6&,$%)$9+])80(E5+=,)+2/8,5%)*(/$+$/0*,+-/+<&,+/%*)$
6,*$/5)$+',+Q(/$+W)5+'(2W/+$/0*,+,$%,+%,.%/9+3/*+,@,86-/>
&5+2/8,5%)*($%)+,$2*(0,M+TO)+I/*8)+',-+(86,*)%(=/+?*(,?/
-"&5<*&+(5'(2)+<&,+-/$+2*,K,5%,$+$/5+*,$6/5$)0-,$+',+=,$%(*$,
%/')+ -)+ )*8)'&*)+ ',+ Q(/$+ C5/+ -)+ ',+ ,--/$G+ 999+ 2/5+ %/')
&*?,52()9UP
O7,1'(#2#"&7%"&5(&
XQ75',+,$%B5+-)$+B*,)$+T&*?,5%,$U+',-+)%)<&,+',+H)%)5B$+K
5&,$%*)+ *,$6&,$%)+ )+ E-Z+ 3(,5$,+ ,5+ )-?&5)$+ 8)5,*)$
2/5%,86/*B5,)$+ ,5+ -)$+ <&,+ -)+ -&2W)+ 2/5%*)+ H)%)5B$
2/5%(5d)9+])80(E5>+,$2*(0)+8)5,*)$+,5+-)$+<&,+6/',8/$
6,*8)5,2,*+I(*8,$+,5+,-+H,b/*+K+278/+&$%,'+K+$&+?,5%,
-)$+6&,',5+)6-(2)*9
"P
!"#$%&'(')(#'*#+
)'*+,-(,.*#/&$0,01,#02#+
FG1(;+"H$'4+(%')(5-"+(9I
n9+V,*
+++D9+m0$,*=,+-)$+6)-)0*)$
++++++49+3)-)0*)$+-)*?)$
++++++F9+3)-)0*)$+(5&$&)-,$
++++++!9+3)-)0*)$+*,6,%(')$
+++\9+m0$,*=,+-)$+*,-)2(/5,$
++++++49+[,-)2(/5,$+?*)8)%(2)-,$
++++++F9+[,-)2(/5,$+-7?(2)$
++++++!9+[,-)2(/5,$+2*/5/-7?(2)$_?,/?*BI(2)$
++++++P9+[,-)2(/5,$+6$(2/-7?(2)$
++++++"9+[,-)2(/5,$+2/5%,.%&)-,$
)9+#-+2/5%,.%/+',+-)+\(0-()
09+#-+2/5%,.%/+',-+-(0*/
29+#-+2/5%,.%/+',-+%,.%/
+++++N9+[,-)2(/5,$+',+?E5,*/
)9+#5$,b)5J)
09+;)**)2(/5,$
29+3/,$1)
'9+3)*B0/-)$
,9+e(-)?*/$
I9+3*/I,21)
nn9+\&$2)*
+++D9+f/*8&-,+6*,?&5%)$
++++++49+3*,?&5%)$+$/0*,+6)-)0*)$
+++++++++)9+XY&E+$(?5(I(2)5+,$%)$+6)-)0*)$+)W/*)Z
+++++++09+XY&E+$(?5(I(2)0)5+,$%)$+6)-)0*)$+,5+,-+%(,86/+,5+<&,
I&,*/5+,$2*(%)$Z
+++++++++29 XQ,+<&E+8)5,*)+-)+\(0-()>+,-+)&%/*+/+-/$+)&%/*,$+&%(-(J)*/5
,$%)$+6)-)0*)$+,5+/%*)$+6)*%,$Z
++++++F9+3*,?&5%)$+$/0*,+*,-)2(/5,$
)9+[,-)2(/5,$+?*)8)%(2)-,$
++++++++++++C4G+](,86/
++++++++++++CFG+;d8,*/
++++++++++++C!G+jE5,*/
""
50'%&/-/&61(!*3+"&#&7-
+++++++++09+[,-)2(/5,$+-7?(2)$
++++++++++++C4G+^)&$)+K+,I,2%/
++++++++++++CFG+[)J75
++++++++++++C!G+[,$&-%)'/
++++++++++++CPG+^/5%*)$%,
++++++++++++C"G+^/86)*)2(/5,$
++++++++++++CNG+^/5'(2(/5,$
++++++++++++CLG+3*/67$(%/
+++++++++29+[,-)2(/5,$+2*/5/-7?(2)$_?,/?*BI(2)$
+++++++++'9+[,-)2(/5,$+6$(2/-7?(2)$
+++++++++,9+[,-)2(/5,$+2/5%,.%&)-,$
++++++++++++C4G+#-+2/5%,.%/+',+-)+\(0-()
++++++++++++++++C)G+#-+2/5%,.%/+W($%7*(2/
++++++++++++++++C0G+#-+2/5%,.%/+010-(2/+/+-(%,*)*(/
++++++++++++++++C2G+#-+2/5%,.%/+2&-%&*)-
++++++++++++++++C'G+#-+2/5%,.%/+%,/-7?(2/
++++++++++++CFG+#-+2/5%,.%/+',-+-(0*/
++++++++++++C!G+#-+2/5%,.%/+',-+%,.%/
+++++++++I9+[,-)2(/5,$+',+?E5,*/
++++++!9+[,$&8,5M+%(6/$+',+6*,?&5%)$
+++++++++)9+3*,?&5%)$+',+%*)$I/5'/
+++++++++09+3*,?&5%)$+',+W,2W/$
+++++++++29+3*,?&5%)$+',+$(?5(I(2)'/
+++++++++'9+3*,?&5%)$+',+)6-(2)2(75
+++\9+[,$6/5',*+6*,?&5%)$
+++^9+D5)-(J)*+*,$6&,$%)$M+T^(52/+6*&,0)$U
++++++49+D&%,5%(2(')'
++++++F9+A5(')'
++++++!9+^/5$($%,52()
++++++P9+H(86-(2(')'
++++++"9+S/5,$%(')'
+++Q9+D6-(2)*+*,$6&,$%)$
++++++49 XY&E+%(6/+',+)6-(2)2(75Z
++++++F9 XY&E+,$+-)+)6-(2)2(75Z
++++++!9 X^&B-+,$+-)+0)$,+-,?1%(8)+',+-)+)6-(2)2(75Z
++++++P9 X^78/+6&,'/+',@)*+)+-)+)&'(,52()+2/5+-)+$,?&*(')'+',
<&,+-)+)&%/*(')'+',-+%,.%/+,$+-)+0)$,+6)*)+,$%)+)6-(2)2(75Z
"N
!"#$%&#%$'(')(#'*#+
!"#$%&#%$'(')(#'*#+
!)(,'"-%')'#+./')(01"12'
2
#$%&'"('#)*+,-.*'*/'%*)012
#$%&'3('4%5).65.)*'*/'%*)012
#$%&'!('7$'8)&8&%,6,12'6*25)$/'+*/'%*)012
#$%&'9('4/'8)&81%,5&'8.*25*
#$%&':('7$'8)&8&%,6,12'6*25)$/'+*/'5*;5&
#$%&'<('4%5).65.)*'*/'5*;5&
#$%&'=('4%5.+,*'*/'5*;5&
4/'#$%&'<'%*'6&2%5).>*'%&?)*'%.'*%5.+,&'+*/'5*;5&'@#$%&
=AB'C2'8$%&'*%*26,$/'*2'*/'8)&6*%&'+*'/$'*;8&%,6,12
?D?/,6$' *%' 6&08)*2+*)' !"#$' */' $.5&)' ?D?/,6&
6&08.%&'*/'5*;5&B'E*'*%5$'0$2*)$F'2&'%1/&'8&+*0&%
8)*+,6$)'/&'-.*'+,6*'*/'$.5&)F'%,2&',26/.%&'*2G$5,H$)'/$
0$2*)$'*2'-.*'/&'+,I&B'4/'#$%&'<'&G)*6*'6/$J*%'%&?)*
610&'*26&25)$)'/$'*%5).65.)$'+*'.2'5*;5&'6&2'0,)$%'$
)*%.0,)'/$'*2%*K$2H$'+*'6$+$'%*66,12'+*'.2'8$%$I*B
4/'#$%&'<'%*')*6&))*'0*+,$25*'/$'*%5).65.)$6,12'>
)*%.0*2'+*'/$%'%*66,&2*%'+*/'5*;5&B
!"
3$'/4&1&456(!*0+"4#471
31"+(8
%&'()!')(*'/$%'%*66,&2*%'+*/'5*;5&
+*&)#,'/$%'%*66,&2*%'+*/'5*;5&
!"#$%&#%$'()1"("'&&4+6'"(/')(#'*#+
426&25)$0&%'/$'*%5).65.)$'+*'.2'5*;5&'6&2'/$'$>.+$'+*'+&%
5,8&%'+*',2+,6$+&)*%'+*'*%5).65.)$('6/$J*%'M)$0$5,6$/*%'>'6/$J*%
+*'6&25*2,+&N5*0$B
!"#$%&' ()#*#+,-#"%&
7$%'6/$J*%'M)$0$5,6$/*%'M*2*)$/0*25*'%&2'8*-.*K$%'8$/$?)$%
-.*'*I*)6*2'.2$',2G/.*26,$'+*%8)&8&)6,&2$+$0*25*'M)$2+*'%&?)*
/$' 6&08&%,6,12' +*' .2' 5*;5&B' 4%5$%' 8$/$?)$%' 8*-.*K$%' 0.>
G)*6.*25*0*25*'%&2'%$/5*$+$%F'8*)&'6&2%5,5.>*2'/$'?$%*'0,%0$
+*/'$)M.0*25&'>'*/'O2G$%,%'+*/'$.5&)B'C%5*+')*6&)+$)P'2.*%5)&%
6&0*25$),&%' *2' */' #$%&' =' %&?)*' Q)*/$6,&2*%' /1M,6$%R' *25)*
8$/$?)$%'>'G)$%*%'@J*)'8PM,2$''SSSSAB
T-.D' U$>' .2' *I*08/&' +*' .2$' 8*-.*K$' 8$/$?)$' 6)D5,6$' *2
&8*)$6,12B'V&0*'/$'%*25*26,$'6&)5$('QW.$2'J,2&'$-.D'8&)-.*'*%5$?$
U$0?),*25&BR'7$'8$/$?)$'-$(.)*'5,*2*'$8*2$%'%*,%'/*5)$%'8*)&'*%
6).6,$/'8$)$'*25*2+*)'*/'$)M.0*25&'+*'/$'&)$6,12B'/$(.)*'+$'/$
)$H12' 8&)' /$' J*2,+$' +*' W.$2B' 4/' 0,%0&' 8*2%$0,*25&' 8.*+*
*;8)*%$)%*'0*+,$25*'&5)$'8*-.*K$'8$/$?)$('QX,2*'$-.D',0'*%5$)
U$0?),*25&BR'10'$-.D'&G)*6*'2.*J$0*25*'/$')$H12'8$)$'0,'J*2,+$B
7$'/,5*)$5.)$'?D?/,6$'5,*2*'0.6U$%'+*'*%5$%'8*-.*K$%'8$/$?)$%
-.*' *%5P2' 6$)M$+$%' 6&2' 8&+*)B' T/M.2$%' +*' *%5$%' 8*-.*K$%
8$/$?)$%'+,2P0,6$%F'6&2'/&%'%,M2,G,6$+&%'M*2*)$/*%'-.*'*26,*))$2F
%*'&G)*6*2'*2'*/'6.$+)&'0P%'$?$I&B
!L
!"#$%&#%$'(')(#'*#+
.-+,$,/#/0
''X$>$'$'4%+)$%'"B=ZB'4/'5*;5&'+,6*(
#&)-.*'4%+)$%'U$?D$'8)*8$)$+&'%.'6&)$H12'8$)$',2-.,),)
/$'/*>'+*'W*U&JP'>'8$)$'6.08/,)/$F'>'8$)$'*2%*K$)'*2'[%)$*/
%.%'*%5$5.5&%'>'+*6)*5&%B
X$>$'$'5)$JO%'+*/'#$%&'='6&2'*%5*'5*;5&F'0$)6$2+&'/$%
8$/$?)$%'0P%'/$)M$%F',2.%.$/*%'>')*8*5,+$%'8$)$'%.'*%5.+,&
>'0*+,5$6,12B
42' */' #$%&' <F' +*%6.?),)P' /$' *%5).65.)$' +*/' 5*;5&B
[+*25,G,6$)P'*/'8.25&'&'/&%'8.25&%'>'%.?\8.25&%'8),26,8$/*%
+*/'$.5&)B
42'4%+)$%'"B=Z'2&5*'/$'+&?/*')*8*5,6,12'+*'/$'8$/$?)$
6&2*65,J$
2')*/$6,&2$2+&'5)*%'G)$%*%(
Q4%+)$%'U$?D$'8)*8$)$+&'%.'6&)$H12
8$)$',2-.,),)'/$'/*>'+*'W*U&JP
2
8$)$'6.08/,)/$F
2
8$)$'*2%*K$)'*2'[%)$*/R
4/' J*)%D6./&' *25&26*%' %*' +,J,+*' 2$5.)$/0*25*' *2' 5)*%
8$)5*%B']&2'6&2G,$2H$'8.*+*'$G,)0$)'*%5$'+,J,%,12'5),8/*
6&0&'$/M&'-.*'%.)M*'+*/'5*;5&F'0P%'-.*'6&0&'.2$'+,J,%,12
,08.*%5$' %&?)*' */' J*)%D6./&B' ^$>' .2$' 5*)6*)$' 2' *25)*
-(*!*-'$&'>'3$(#,&B'C%5*+'5*2+)P'-.*'+*6,+,)'%,'/*'J$'$'+$)
$'*%5$'2'*/'0,%0&'8*%&'-.*'$'/$%'2'$25*),&)*%B'_*M.)$0*25*F
2&'/&'J$'$'U$6*)'$%D'8&)-.*'/$'5*)6*)$'2'%,08/*0*25*'6&2*65$
+&%'8$/$?)$%B'7$%'2'$25*),&)*%'6&2*65$2'G)$%*%'+*25)&'+*/
J*)%D6./&'>'6$+$'.2$'*%'%*M.,+$'8&)'.2',2G,2,5,J&B'X&>'$
0&%5)$)/*'$%8*65&%'+*'*%5$'*%5).65.)$'0P%'$?$I&B
T%D'-.*F'%,'.%5*+'*J*25.$/0*25*'*%5).65.)$'*%5*'J*)%D6./&
8$)$'/$'8)*+,6$6,12F'*/'6.*)8&'+*/'%*)012'2&'J$'$'6&25*2*)
M*2*)$/0*25*'0P%'-.*'*%5&%'5)*%'8.25&%'@.2'%*)012'8.*+*
5*2*)' 0*2&%' &' 0P%' 8.25&%' `J*)*0&%' *%5&' 0P%' 5$)+*AB
4%5&'*%F'/$'8&)6,12'+*'%.'%*)012'-.*'+,)*65$0*25*'5)$5$
6&2'*%5*'J*)%D6./&'5*2+)P'%1/&'5)*%'8.25&%B
!Y
3$'/4&1&456(!*0+"4#471
42'/$'8PM,2$'%,M.,*25*'U$>'.2'6.$+)&'%,08/*'8*)&',08&)5$25*
8$)$'.%$)'6&0&')*G*)*26,$'G.5.)$B'T'0*+,+$'-.*'%*'*26.*25)*
6&2'*%5$%'8*-.*K$%'8$/$?)$%F'6&2%./5*'*%5*'6.$+)&'8$)$'*/'8&%,?/*
0$)M*2'+*',25*)8)*5$6,&2*%'+*'*%$%'8$/$?)$%B'#&)'*I*08/&F'%,'%*
*26.*25)$'6&2'/$'8$/$?)$'-$(F'%.',25*)8)*5$6,12'+*'*%$'8&)6,12
J$'$'M,)$)'*2'5&)2&'$'6$.%$'&')$H12F')*%./5$+&'&'8)&81%,5&B
T-.D' U$>' .2$' 6/$J*' 8$)$' $-.*//&%' -.*' 2&' 8.*+*2' .%$)' /&%
,+,&0$%'&),M,2$/*%'+*'/$'a,?/,$B'C2'0$)6$+&)'*%5).65.)$/'?$%5$25*
6&2G,$?/*'%&2'/$%'+,J,%,&2*%'+*'J*)%D6./&%'*2'.2'5*;5&B'_,'?,*2'/$%
+,J,%,&2*%'+*'J*)%D6./&%F'8P))$G&%'>'6$8D5./&%'2&'*%5P2',2%8,)$+$%F
%&2',2+,6$+&)*%'6&2G,$?/*%'+*/'8*2%$0,*25&'>'/$'*%5).65.)$'-.*
/&%'5)$+.65&)*%'*).+,5&%'U$2'+*5*)0,2$+&'$/'U$?*)'*%5.+,$+&'6$+$
5*;5&B' [26/.%&' /&%' %,M2&%' +*' 8.25.$6,12' *2' /&%' J*)%D6./&%' %&2
,2+,6$+&)*%'+*'*%5).65.)$B'T%D'-.*'$%*Mb)*%*'+*'5&0$)'2&5$'+*
8.25&%'@8.25&%'G,2$/*%AF'6&0$%F'%*0,\6&0$%F'M.,&2*%F'%,M2&%'+*
*;6/$0$6,12'>'6.$/-.,*)'&5)$'8.25.$6,12B
9)17'"(:$1;1#4&1)'"(-%'(46/4&16('"#$%&#%$1
4563575!,8$ /,0,9(,&:-*.)*;,&:!$#$
5385!,8$(*&:8*:*&'()!')(,
]$.%$ 8&)F'8&)-.*F'+$+&'-.*F'%*Mb2
c$H12 8&)F'8&)-.*F'+$+&'-.*F'%*Mb2F
-.*F'$'G,2'+*
c*%./5$+& -.*F'$%D'-.*F'$%DF'/&'-.*F'8&)
#)&81%,5& *2'&)+*2'$F'-.*F'$F'U$6,$F'U$%5$F
8$)$F'$'G,2'+*
d*+,&% 8&)F'+*F'$'5)$JO%F'G.*)$'+*F'*2
V,*08& U$%5$F' U$%5$' -.*F' $F' 6.$2+&F
6.$2+&'%*$'-.*F'+*%+*F'$'5)$JO%F
+*F'*2F'8&)F'%*Mb2F'6&25)$F'6&2F'*2
6.$25&F'$F'G.*)$'+*
7.M$) +&2+*F'+&2+*'-.,*)$'-.*F'+*%+*F
*2F' $' 5)$JO%F' *2' %&?)*F' 6&2F
6&26*)2,*25*'$F'U$%5$
d$2*)$ $%D'6&0&F'6&0&F'6&2F'$F'$%D
3Z
!"#$%&#%$'(')(#'*#+
<$',=:^$>'&5)$%'Q8$/$?)$%'8*-.*K$%R'-.*'J$2'$'%.)M,)'*2'%.'*%5.+,&F
>'-.*'2&'*%5P2',26/.,+$%'$-.DB'C%5*+'8.*+*'6/$%,G,6$)'%.%'%,M2,G,6$+&%
%*Mb2'*/'6&25*;5&'>'%*25,+&'6&0b2B'X*$'5$0?,O2'/$',/.%5)$6,12
%&?)*'/$'*%5).65.)$6,12'+*/'5*;5&'+*'4G*%,&%'3B=Z\=<'$/'G,2$/'+*'*%*
6$8D5./&B
9)17'"(/'(&+6#'64/+<#';1
T'J*6*%'/$'*%5).65.)$'2&'*%5P',2+,6$+$'8&)'/$'M)$0P5,6$B'#&)'*/
6&25)$),&F'/$'*%5).65.)$'+*'.2'5*;5&'8.*+*'+,%6*)2,)%*'0*+,$25*(
• 6$0?,&%'*2'*/'6&25*2,+&
• ,25)&+.66,12'+*'.2'2.*J&'5*0$
• )*8*5,6,12
• 6$0?,&'*2'/$'G&)0$'+*'+*6/$)$6,12F'*56O5*)$B
C2'*I*08/&'+*'.2'6$0?,&'*2'/$'G&)0$'+*'+*6/$)$6,12'*%'6.$2+&
*/'$.5&)'*%5P'U$6,*2+&'+*6/$)$6,&2*%'>'+*'8)&25&'6$0?,$'$'.2
0$2+$5&'&'.2'0&+&',08*)$5,J&B'C%5*+'+*?*'5&0$)'*2'6.*25$
*%5*'6$0?,&'$/'+,%6*)2,)'/$'*%5).65.)$'+*/'5*;5&B
9%1#$+(01"+"(01$1('"#$%&#%$1$(')(#'*#+
7&%' 6.$5)&' 8$%&%' %,M.,*25*%' /&' $>.+$)P2' $' *%5).65.)$)' /$%

%*66,&2*%'+*/'5*;5&(
• [+*25,G,-.*' 5&+&%' /&%' 0$)6$+&)*%' M)$0$5,6$/*%' &' +*

6&25*2,+&'+*'/$'*%5).65.)$B
• _*8$)*' /&%' 0$)6$+&)*%' 8),26,8$/*%' +*' /&%' 0$)6$+&)*%
0*2&)*%B'7&%'0$)6$+&)*%'8),26,8$/*%'5,*2*2'0P%'8*%&'*2
/$'*%5).65.)$6,12'+*/'5*;5&'-.*'/&%'0$)6$+&)*%'0*2&)*%B
• 425,*2+$'*/'%,M2,G,6$+&'&'/$'G.*)H$'+*'/&%'0$)6$+&)*%'0P%
,08&)5$25*%B
• a&%-.*I*'*/'5*;5&'+*'$6.*)+&'$'/$',08&)5$26,$')*/$5,J$'+*
/&%'0$)6$+&)*%B
4%5$'G$%*'+*'/$'*%5).65.)$6,12',25*25$'%*8$)$)'/&%'0$)6$+&)*%
0P%' ,08&)5$25*%' +*' /&%' 0$)6$+&)*%' 0*2&%' ,08&)5$25*%B' T%D
3=
3$'/4&1&456(!*0+"4#471
6&0&'/&%'6.*)8&%'5,*2*2'U.*%&%'M)$2+*%'>'U.*%&%'8*-.*K&%'8$)$
6&2*65$)'>'%*8$)$)'/$%'J$),$%'8$)5*%'.2$%'+*'&5)$%F'$%D'/&%'5*;5&%
?D?/,6&%'@>'5&+$'?.*2$'/,5*)$5.)$A'5,*2*'U.*%&%'M)$2+*%'>'U.*%&%
8*-.*K&%B'C%5*+'.%$)P'%.'I.,6,&',25*)8)*5$5,J&F'I.25&'6&2'*/'+*
&5)&%F'8$)$'*25*2+*)'/$%'+,J,%,&2*%'0$>&)*%'>'0*2&)*%'+*'%.'5*;5&B
_,' 8*2%$0&%' +*' 2.*%5)&' 5*;5&' 6&0&' 6&08.*%5&' +*' U.*%&%
M)$2+*%'>'U.*%&%'8*-.*K&%F'O%5$'*%'/$'0$2*)$'*2'-.*'$8$)*6*)P2
2.*%5)&%'6.$5)&'8$%&%(
=%'"+"(:$16/'"(7">(=%'"+"(0'-%'?+"
@'6#'6/4'6/+()1('"#$%&#%$1A
• [+*25,G,-.*'5&+&%'/&%'U.*%&%
• _*8$)*'/&%'U.*%&%'M)$2+*%'+*'/&%'U.*%&%'8*-.*K&%
• 425,*2+$'*/'%,M2,G,6$+&'&'/$'G.*)H$'+*'/&%'U.*%&%'M)$2+*%
• e)M$2,6*'/&%'U.*%&%'%*Mb2'%.',08&)5$26,$
f]10&' $8/,6$0&%' *%5&%' 6.$5)&' 8$%&%' $/' 5*;5&g' #*)0D5$0*

+*%6),?,)/&%'>'/.*M&',/.%5)$)/&%'6&2'/$'4%6),5.)$B
/(5#*($>: 58*3'575.)*: '$8$&: 0$&: #,(!,8$(*&: 8*: *&'()!')(,
-$&590*&B'C%5*+'U$'$2&5$+&'.2'J*)%D6./&'*2'.2$'U&I$'+*'8$8*/B
E*%8.O%' -.*' U$' ,+*25,G,6$+&' >' *%5.+,$+&' /$%' 8$/$?)$%' >' G)$%*%
0P%'/$)M$%F'8&6&'.%.$/*%'>')*8*5,+$%'@#$%&'=AF'8.*+*'*26*))$)'*2
.2'6D)6./&F'%.?)$>$)'&',/.0,2$)'/$%'8$/$?)$%'8*-.*K$%F'-.*'+$2
G.*)H$'$'/$%'8$/$?)$%'M)$2+*%B'#*)0D5$0*'-.*'/*'+*'.2$'&)$6,12
&)+,2$),$'*2'6$%5*//$2&'8$)$'8)$65,6$)'*%5&%'8$%&%('Qc$0*%U'J,2&
$'6$%$'+*'/$'*%6.*/$'8$)$'6&0*)'8&)-.*'5*2D$'U$0?)*BR'7$'&)$6,12
5,*2*'5)*%'8$/$?)$%'8*-.*K$%'6&0&'0$)6$+&)*%'+*'*%5).65.)$(
8*F'-,(,F'>'-$(.)*B
?)*6$>:&*-,(*:0$&:#,(!,8$(*&:8*:*&'()!')(,:#,2$(*&:8*:0$&
#,(!,8$(*&:8*:*&'()!')(,:#*3$(*&B'e?%*)J*'/&%'5)*%'0$)6$+&)*%
+*'*%5).65.)$'*2'*/'*I*08/&'+*'$)),?$B'V&+$%'*%5$%'8$/$?)$%F'8*F
-,(,'>'-$(.)*'2&'+*?*2')*6,?,)'*/'0,%0&'8*%&'*2'/$'6&08)*2%,12
+*'/$'&)$6,12F'%,'?,*2'5&+$%'*//$%'%&2'2*6*%$),$%'8$)$'*/'%,M2,G,6$+&B
/$(.)*'*%'0P%',08&)5$25*'6&0&'.2'6&2*65&)'+*'U.*%&%'-.*'8*
3<
!"#$%&#%$'(')(#'*#+
>'-,(,B'/$(.)*'6&2*65$'+&%'8$)5*%'+*'/$'&)$6,12B'@*'6&2*65$'%1/&
+&%'8$/$?)$%('6$%$'>'*%6.*/$B'/,(,'6&2*65$'*%6.*/$'>'6&0*)B'T%D
-.*' %*8$)*' /&%' Q6&2*65&)*%' +*' U.*%&%R' 0P%' ,08&)5$25*%' +*
$-.*//&%'-.*'%&2'0*2&%',08&)5$25*%B
A*(!*($>:*3'5*38,:*0::&563575!,8$:$:0,:7)*(B,:8*:0$&:#,(!,8$(*&
#C&: 5#-$(',3'*&B' #$)$' *%5*' 8$%&F' .%5*+' 6&2%./5$)P' */' 6.$+)&
Q]/$J*%'M)$0$5,6$/*%',2+,6$+&)$%'+*'*%5).65.)$BR'T'J*6*%'5*2+)P
-.*'%*8$)$)'/&%'U.*%&%'$/',25*25$)'*25*2+*)/&%'>'*2'&5)$%'&6$%,&2*%
%1/&'*25*2+*)P'%.'G.*)H$F'G.26,12'>'.%&'$/'%*8$)$)/&%B
42'2.*%5)$'&)$6,12'+*'*I*08/&F'-.*'U$?/$'+*'/$%'8),&),+$+*%
+*'6&2%.0&'+*'c$0*%UF'/$'8$/$?)$'-$(.)*'//*J$'*/'%,M2,G,6$+&
+*'/$')$H12'+*'%.'$66,12B'7$'8$/$?)$'0*2&%',08&)5$25*'8*'%*
)*G,*)*'$/'/.M$)'*2'*%5*'6&25*;5&B'/,(,'0.*%5)$'8)&81%,5&B
D53,0#*3'*>:9$&.)*E*:*0:'*F'$:8*:,!)*(8$:,:0,:5#-$(',3!5,
(*0,'5G,: 8*: 0$&: #,(!,8$(*&B' 4%5).65.)$)' .2' 5*;5&' /&' $>.+$)P' $
?&%-.*I$)'*/'5*;5&'%*Mb2'*/'O2G$%,%'+*/'$.5&)B'7$'2*6*%,+$+'+*
%*8$)$)'6/$J*%'*%5).65.)$/*%'0$>&)*%'+*'/$%'6/$J*%'*%5).65.)$/*%
0*2&)*%'/&'$>.+$)P'$'*25*2+*)'*/'0$)6&'&'*%-.*/*5&'-.*'0$25,*2*
I.25&%'$'/&%'+*5$//*%B
].$2+&'.%5*+'*%5).65.)$'*/'5*;5&'%*Mb2'*/'O2G$%,%'+*/'*%6),5&)
8)&6.)$)P' 6$85$)' *%*' O2G$%,%' *2' .2' ?&%-.*I&B' 7&' -.*' .%5*+
+,%6,*)2*'6&0&'U.*%&%'M)$2+*%'%*'.?,6$)P'U$6,$'*/'/$+&',H-.,*)+&
+*/' ?&%-.*I&B' 7&%' U.*%&%' 0P%' 8*-.*K&%' %*' .?,6$)P2' U$6,$' */
/$+&'+*)*6U&'+*/'?&%-.*I&B'7$'%*6.*26,$'+*'%.'?&%-.*I&'+*?*
/.6,)'6&0&'%,M.*(
[B
TB
=B
$B
@=A
@$A
[[B
TB
=B @*56BA
7&%'0$)6$+&)*%'*%5).65.)$/*%'&'6&2*65&)*%'+*'U.*%&%'0.*%5)$2
/$',08&)5$26,$')*/$5,J$'+*'/$%'8$/$?)$%'-.*'6&2*65$2B'T-.*//$%'+*
,08&)5$26,$'0*2&)'%*'J$2'$'0&J*)'*2'*/'?&%-.*I&'U$6,$'*/'/$+&
3:
3$'/4&1&456(!*0+"4#471
+*)*6U&'+*'/$'8PM,2$B
d$)6$+&)*%'0$>&)*%('2b0*)&%')&0$2&%`[F'[[F'[[[
h,J*/'%,M.,*25*('/*5)$%'0$>b%6./$%`TF'aF']
h,J*/'%,M.,*25*('2b0*)&%'$)P?,M&%`=F'<F':
h,J*/'%,M.,*25*('/*5)$%'0,2b%6./$%`$F'?F'6
h,J*/'%,M.,*25*('2b0*)&%'*25)*'8$)O25*%,%`@=AF'@<AF'@:A
h,J*/'%,M.,*25*('/*5)$%'*25)*'8$)O25*%,%`@$AF'@?AF'@6A
h.*%5)$'&)$6,12'+*'*I*08/&('Qc$0*%U'J,2&'$'6$%$'+*'/$'*%6.*/$
8$)$'6&0*)'8&)-.*'5*2D$'U$0?)*FR'*%5P'+,J,+,+$'*2'+&%'8$)5*%F
8&)-.*'U$>'.2'M)$2'U.*%&'6&2*65&)('-$(.)*B
'[B'c$0*%U'J,2&'$'6$%$
[[B'7$')$H12'@-$(.)*A('5*2D$'U$0?)*
^$>' +&%' U.*%&%' 8*-.*K&%F' 8*' >'-,(,F' )*/$6,&2$+&%' 6&2' /$

8),0*)$' 8$)5*' +*' /$' &)$6,12B' T%D' -.*' 5,*2*' +&%' 8.25&%' *2' */
%,M.,*25*'2,J*/'+*/'?&%-.*I&'*2'/$'8),0*)$'8$)5*'+*'/$'&)$6,12B
'[B c$0*%U'J,2&'$'6$%$
TB'c$0*%U'J,2&'$'6$%$'8*'/$'*%6.*/$
aB'c$0*%U'J,2&'$'6$%$'-,(,'6&0*)
[[B 7$')$H12'8&)'/$'-.*'c$0*%U'J,2&'$'6$%$'G.*'-$(.)*'5*2D$
U$0?)*
E$+&'-.*'2&'U$>'0$)6$+&)*%'*%5).65.)$/*%'*J,+*25*%'*2'/$
%*M.2+$'8$)5*'+*'/$'&)$6,12F'2&'U$>'.2'%*M.2+&'&'5*)6*)'2,J*/'*2
*/'?&%-.*I&'?$I&'*/'8.25&'[[B'T/'?&%-.*I$)F'2&'8.*+*'5*2*)'.2
5*)6*)'2,J*/'%,2'.2'%*M.2+&'2,J*/F'.2'6.$)5&'2,J*/'%,2'.2'5*)6*)
2,J*/F'>'$%D'%.6*%,J$0*25*B'T/'?&%-.*I$)'.2'5*;5&F'.%5*+'*+,G,6$
%&?)*'*/'2,J*/'8)*J,&B
#*)0D5$0*',/.%5)$)'/$'*%5).65.)$6,12'$'8$)5,)'+*/'5*;5&'+*'4%+)$%
"B=ZB
#&)-.*'4%+)$%'U$?D$'8)*8$)$+&'%.'6&)$H12'8$)$',2-.,),)'/$'/*>'+*
W*U&JP'>'8$)$'6.08/,)/$F'>'8$)$'*2%*K$)'*2'[%)$*/'%.%'*%5$5.5&%'>
+*6)*5&%B
39
!"#$%&#%$'(')(#'*#+
#),0*)&F',+*25,G,-.*'5&+&%'/&%'0$)6$+&)*%'+*'*%5).65.)$'@8$/$?)$%
8*-.*K$%'-.*',2G/.>*2'%&?)*'*/'%,M2,G,6$+&AB'T-.D'%&2('-$(.)*F
-,(,F' 8*F' 2F' -,(,F' 2F' -,(,F' 2B' 7.*M&F' %*8$)*' /&%' 0$)6$+&)*%
0$>&)*%' +*' /&%' 0*2&)*%B' 7&%' 0$)6$+&)*%' 0$>&)*%' *2' *%5*
J*)%D6./&'%&2('-$(.)*F'-,(,F'2F'-,(,F'2F'-,(,B'7&%'0$)6$+&)*%
0*2&)*%'%&2'6.$/-.,*)'&5)&'0$)6$+&)'-.*'U$>$'%,+&',+*25,G,6$+&B
#&)'*I*08/&F'/$'5*)6*)$'2B
425,*2+$'*/'%,M2,G,6$+&'&'/$'G.*)H$'+*'/&%'0$)6$+&)*%'0$>&)*%
8),26,8$/*%B
• /$(.)*')*/$6,&2$'$'*%5*'J*)%D6./&'6&2'*/'J*)%D6./&'$25*),&)
>'2&'5,*2*'0.6U&'8$)$'+*6,)'$6*)6$'+*'/$'*%5).65.)$'+*'*%5*
J*)%D6./&'8$)5,6./$)B
• 7$'8$/$?)$'-,(,'%*'.%$'5)*%'J*6*%'>'0.*%5)$'+*'-.O'0$2*)$
*/'J*)%D6./&'+*?*'%*)'+,J,+,+&'*2'5)*%B
• 4/'0$)6$+&)'0$>&)'2'*%'.%$+&'+&%'J*6*%B'C2$'J*H'*25)*'*/
8),0*)'>'%*M.2+&'-,(,'>'*25)*'*/'%*M.2+&'>'5*)6*)'-,(,B
4%5&'0.*%5)$'5$0?,O2'610&'*/'J*)%D6./&'*%',25*M)$+&B
a&%-.*I*'*/'5*;5&B'^$>'5)*%'8.25&%'8),26,8$/*%'-.*'%*'+*),J$2
+*'/$'M)$0P5,6$'>'/&%'6$0?,&%'+*'6&25*2,+&B
4%+)$%'U$?D$'8)*8$)$+&'%.'6&)$H12(
''[B'8$)$',2-.,),)'/$'/*>'+*'W*U&JP
'''''>
'[[B'8$)$'6.08/,)/$
'''''>
[[[B'8$)$'*2%*K$)'*2'[%)$*/
$B'%.%'*%5$5.5&%
''''>
?B'+*6)*5&%
h&5*'610&'*/'8$%$I*'+*'4%+)$%'%*'+,J,+*'$+*6.$+$0*25*'*2
5)*%'8.25&%B'4/'5*)6*)'8.25&'5,*2*'+&%'%.?\8.25&%'*2')$H12'+*/
0$)6$+&)'+*'*%5).65.)$'0*2&)'2'@/$'5*)6*)$'2AB'4/'6.*)8&'+*'2.*%5)&
%*)012'%&?)*'*%5*'8$%$I*'>$'*%5P'*0*)M,*2+&B
3!
3$'/4&1&456(!*0+"4#471
B'"%;1()1"("'&&4+6'"(0$46&401)'"(/')(#'*#+
c*%.0,)'*%'.2'*I*)6,6,&'+*'0.6U$'$>.+$B'aP%,6$0*25*'*%'.2$
%,2&8%,%'+*/'5*;5&'-.*'/&'$>.+$'$'*25*2+*)'/$'%*66,12'8*-.*K$
-.*'*%5P'*%5.+,$2+&'*2'*/'6&25*;5&'+*'/$'a,?/,$F'+*/'6$8D5./&F'+*'/$
%*66,12F'&'+*/'/,?)&B'#&)'*I*08/&F'U$>'0.6U&%'+*5$//*%'-.*'.2
*%6),5&)'?D?/,6&'8.*+*'+$)'*2'$8&>&'+*'.2'8.25&B'T'0*+,+$'-.*
.%5*+'+,%6,*)2*'*/'0&J,0,*25&'+*/'5*;5&F'2&5$)P'/$'G.*)H$'0$>&)
+*/'5*;5&B'c*%.0$'6$+$'G.*)H$'0$>&)'@*//$%'%*)P2'/&%'2b0*)&%
)&0$2&%'*2'%.'?&%-.*I&A'+*/'5*;5&F'+*'0&+&'-.*'*J*25.$/0*25*
8.*+$'*25*2+*)'*/'5*0$'8),26,8$/'>'*/'O2G$%,%'+*/'$.5&)B
c*%.0,)'*/'8$%$I*'/&'$>.+$)P'$'+*5*)0,2$)'/$'G.*)H$'+&0,2$25*
+*'*%5*'5*;5&B'V$0?,O2'/&'$>.+$)P'6&2'*/'8$%&'%,M.,*25*'*2'*/
8)&6*%&'+*'6&2G*66,12'+*/'%*)012F'-.*'*%'*/'+*'*%5).65.)$)'*/
5*;5&'*2'5&)2&'$'.2'%&/&'5*0$NO2G$%,%'&'8)&8&%,6,12'6*25)$/'@#$%&
:AB
#$)$')*%.0,)'*/'5*;5&F'J$>$'+*'2.*J&'$/'?&%-.*I&'-.*'*/$?&)1
6.$2+&'$2$/,H1'/$'*%5).65.)$'+*/'5*;5&B'c*%.0$'*/'8*2%$0,*25&
6&25*2,+&'*2'/&%'2,J*/*%'0$>&)*%'+*/'?&%-.*I&'8&2,O2+&/&'*2
.2$'&)$6,12'6&08/*5$B
7$%'%*66,&2*%'0$>&)*%'+*'4%+)$%'"B=Z'8.*+*2'%*)')*%.0,+$%
+*'/$'%,M.,*25*'0$2*)$(
[B 4%+)$%'U$?D$'8)*8$)$+&'%.'6&)$H12'8$)$',2-.,),)'/$'/*>'+*/
_*K&)'@JB'=Z$A
[[B 4%+)$%'U$?D$'8)*8$)$+&'%.'6&)$H12'8$)$'6.08/,)'/$'/*>'@JB
=Z?A
[[[B 4%+)$%'U$?D$'8)*8$)$+&'%.'6&)$H12'8$)$'*2%*K$)'/$'/*>'*2
[%)$*/'@JB'=Z6A
TB'4/',?$'$'*2%*K$)'/&%'*%5$5.5&%'+*/'_*K&)
aB'4/',?$'$'*2%*K$)'/&%'+*6)*5&%'+*/'_*K&)
.-+,$,/#/0
X&/J$0&%'$'4G*%,&%'3B=Z\=<'>'$8/,-.*0&%'*/'#$%&'<`
*%5).65.)$)'>')*%.0,)`$/'8$%$I*B'C%5*+'>$'U$'U*6U&'*/'#$%&
=('*%5.+,$)'*/'5*;5&F'%.%'8$/$?)$%'>')*/$6,&2*%B'T'0*+,+$
-.*'.%5*+'*%5.+,$'*%5$'%*66,12'6&2'6.,+$+&F'*%5&'/&'$>.+$)P
33
!"#$%&#%$'(')(#'*#+
$'5)$2%G&)0$)%*'*2'.2'8)*+,6$+&)'*;8&%,5,J&'-.*'?$%$'%.
$.5&),+$+'*2'/$%'4%6),5.)$%F'0P%'?,*2'-.*'*2'%.%'8)&8,&%
8*2%$0,*25&%B
=Z' /$(: 0$: 8*#C&F' U*)0$2&%' 0D&%F' G&)5$/*6*&%' *3' */
_*K&)F'2:*3'*/'8&+*)'8*:%.'G.*)H$B
=='X*%5D&%'+*'5&+$'/$'$)0$+.)$'8*'E,&%F''-,(,:.)*'8&+P,%
*&',('G,)0*%'!$3'(,'/$%'$%*6U$2H$%'8*0'+,$?/&B
=<'/$(.)*'2&'5*2*0&%'/.6U$'!$3'(,'%$2M)*'2'6$)2*F
&53$' !$3'(,: 8),26,8$+&%F' !$3'(,' 8&5*%5$+*%F' !$3'(,' /&%
M&?*)2$+&)*%'+*'/$%'5,2,*?/$%'+*'*%5*'%,M/&F'!$3'(,'U.*%5*%
*%8,),5.$/*%'+*'0$/+$+'*2'/$%')*M,&2*%'6*/*%5*%B
!"#$%&#%$1$
C%5*+'J$'$'U$6*)'/&%'6.$5)&'8$%&%'+*'*%5).65.)$)'.2'8$%$I*(
,+*25,G,6$)'@/$%'8$/$?)$%'*2',5P/,6$'*2'*/'5*;5&'$)),?$AF'%*8$)$)F
*25*2+*)' >' ?&%-.*I$)B' 7*$' 8&)' G$J&)' *%5$%' 2&5$%
6.,+$+&%$0*25*'6&2'%.'a,?/,$'$?,*)5$'*2'4G*%,&%'3B=Z\=<B
106)3,&:!0,G*&:,:0$&:G*(&H!)0$&
JB' =Z' /$(: 0$: 8*#C&' )*/$6,&2$' *%5&%' J*)%D6./&%' 6&2' */
J*)%D6./&'$25*),&)B'[2+,6$'-.*'*/'$.5&)'*%5P'6&0*2H$2+&'.2
2.*J&' 8*2%$0,*25&F' +*' 0&+&' -.*' *%' .2' 0$)6$+&)
,08&)5$25*B'%3'$8$)*6*'+&%'J*6*%'>'*%'+*',M.$/',08&)5$26,$
6$+$'J*H'8&)-.*'/$%'+&%'&6.))*26,$%'+*'*3'*%5P2'/,M$+$%
8&)'/$'8$/$?)$'6&2*65&)$'6&0b2'2B'7$%'+&%'*;8)*%,&2*%'*3
*0:4*;$('>'*3:*0:-$8*(:)*6,?,)P2',M.$/',08&)5$26,$'*2'*/
?&%-.*I&B' V*2*0&%' -.*' +*6,+,)' 6.P/' *%' /$' G.*)H$' &' */
%,M2,G,6$+&'+*'/$'8*-.*K$'8$/$?)$'*3B'X$>$'$/'6.$+)&'+*
/$%'6/$J*%'M)$0$5,6$/*%'*2'/$'8PM,2$';;;''''''''''8$)$'*26&25)$)
-.*' *3' +*2&5$' Q0*+,&FR`*%5&' *%F' */' 0*+,&' 8$)$' %*)
G&)5$/*6,+&%'*%5P'*2'*/'_*K&)B'@*'*%'.2'0$)6$+&)'0.>'0*2&)
8&)-.*',2G/.>*'%&?)*'.2$'G)$%*'@%.'G.*)H$A'0P%'?,*2'-.*
%&?)*'5&+$'/$'&)$6,12B
]&2'*%5$%'6/$J*%F',25*25*'$U&)$'*%5).65.)$)'*/'J*)%D6./&'=ZB
JB'=='7$'8),0*)$'8*'*%'0.>'0*2&)'8$)$',2G/.,)'%&?)*
3"
3$'/4&1&456(!*0+"4#471
5&+$'/$'&)$6,12`*%'8$)5*'+*'/$'G)$%*'Q$)0$+.)$'+*'E,&%BR
/,(,: .)*' *%' .2$' *;8)*%,12' ,08&)5$25*B' h.*%5)&' 6.$+)&
M)$0$5,6$/'2&%'+,6*'-.*'-,(,:.)*'8.*+*')*G*),)%*'$')$H12F
)*%./5$+&'&'8)&81%,5&B'T'J*6*%')$H12F')*%./5$+&'>'8)&81%,5&
8.*+*2' %.8*)8&2*)%*B' T-.D' 8&+*0&%' *%6&M*)' )$H12
8&)-.*'*2'*/'J*)%D6./&'=<'*/'$.5&)'+$'.2$'6/$)$')$H12'8$)$
8&2*)%*'/$'$)0$+.)$'+*'E,&%B'%&',('*%'.2'0$)6$+&)'0*2&%
,08&)5$25*'8&)-.*'6&2*65$'-$8C5&'6&2'75(#*&B'I$3'(,'*%
.2$'8$/$?)$'-.*'%*')*8,5*'J$),$%'J*6*%'*2'/&%'J*)%D6./&%'==
>'=<B'h&'%*'*26.*25)$'*2'*/'6.$+)&'+*'6/$J*%'M)$0$5,6$/*%F
8&)-.*'*/'6.$+)&'2&'*%5P'6&08/*5&B'])**'*/'%,M2,G,6$+&'+*
*%5$'8$/$?)$'*2'%.'?&%-.*I&B'426&25)$)P'0.6U$%'8$/$?)$%
$%D' $' /$%' -.*' .%5*+' +*?*' $+%6),?,)/*%' .2' %,M2,G,6$+&B
h.*J$0*25*F'/$'8$/$?)$'8*0'*%'0.>'0*2&)B'4%'8$)5*'+*'/$
G)$%*'Q$%*6U$2H$%'+*/'+,$?/&BR
]&2'*%5$%'6/$J*%F',25*25*'$U&)$'*%5).65.)$)'*/'J*)%D6./&'==B
XB'=<'7$'8),0*)$'8$/$?)$F'-$(.)*F'*%'6).6,$/B'h&5*'-.*
/&%' 5)$+.65&)*%' +*6,+,*)&2' +,J,+,)' */' 8*2%$0,*25&' $/
6&0*2H$)' $-.D' .2' 2.*J&' J*)%D6./&B' 4%5$' +,J,%,12
G)*6.*25*0*25*' ,2+,6$' .2' $M)*M$+&' &' 6$0?,&' *2' /$
*%5).65.)$B'TU&)$F'.%5*+'5,*2*'-.*'+*6,+,)'%,'/$').85.)$'*25)*
/&%'J*)%D6./&%'=='>'=<'*%'5$2',08&)5$25*'6&0&'/$').85.)$
*25)*'/&%'J*)%D6./&%'=='>'=ZB'_,'O%5$'*%'.2$').85.)$'0$>&)
*25&26*%'J$0&%'$'5*2*)'5)*%'8.25&%(
[B JB'=Z
[[B JB'==
[[[B JB'=<
_,'/$').85.)$'*%'+*'0*2&)'8*%&F'*25&26*%'J$0&%'$'5*2*)
+&%'8.25&%(
[B'JB'=Z
[[B'JJB'==\=<
/$(.)*'6/$)$0*25*'*%'/$')$H12'+*/'J*)%D6./&'=='>'*%'8$)5*
+*'/$'.2,+$+'+*'8*2%$0,*25&'-.*'6&0*2H1'*2'*/'J*)%D6./&
3L
!"#$%&#%$'(')(#'*#+
==B'453$'%*8$)$'Q%$2M)*'>'6$)2*R'+*/')*%5&'+*'/&%'8&+*)*%
-.*'%*'2&%'&8&2*2B'i&'*%5&>'*%6&M,*2+&'/$'G)$%*'Q%,%5*0$
+*'_$5$2P%R'8$)$'+*2&5$)'5&+&%'/&%'5O)0,2&%'-.*'%,M.*2B
I$3'(,'%*')*8,5*'J$),$%'J*6*%'>'6/$)$0*25*'%*')*G,*)*'$'/&%
5,8&%'+*'&8&%,6,12'-.*'8&+*0&%'*;8*),0*25$)B'E$+&'-.*
!$3'(,'%*')*8,5*'>'-.*'%*'*26.*25)$'*2'6&2*;,12'6&2'/$
8$/$?)$' &53$F' J$' $' ,2G/.,)' 2.*%5)$' 6&08)*2%,12' +*' /&%
+,G*)*25*%'5,8&%'+*'8&+*)*%B']$+$'.2&'+*'*%5&%'5,8&%'+*
&8&%,6,12')*6,?,)P'.2'8*%&',M.$/'*2'*/'?&%-.*I&B
]&2'*%5$%'6/$J*%F',25*25*'$U&)$'*%5).65.)$)'*/'J*)%D6./&'=<B
%&'()!')(,:8*:0$&:G*(&H!)0$&
T-.D'*%5P'0,'*%5).65.)$'+*'4G*%,&%'3B=Z\=<B']&08P)*/$
6&2'/$'%.>$B'c*G/*;,&2*'8&)'-.O'/$'0D$'/.6*'+*'*%5$'0$2*)$B
f#&)'-.O'/$'%.>$'/.6*'+*'*%$'0$2*)$g
7&%'0$)6$+&)*%'0$>&)*%'8)&J**2'+*'/&%'8.25&%'0$>&)*%B
[B'/$(:0$:8*#C&'@JB'=ZA
[[B'4/'0$2+$0,*25&'$'G*&'5(&*'@JJB'==\=<A
4/'2,J*/'%,M.,*25*'+*'0$)6$+&)*%'8)&J**'/&%'%.?\8.25&%B
[B'/$(:0$:8*#C&'@JB'=ZA
TB'7&%'0*+,&%('*3'*/'_*K&)'@JB'=ZjA'>
aB'7&%'0*+,&%('*3'*/'8&+*)'+*'%.'G.*)H$'@JB'=Z?A
[[B'4/'0$2+$0,*25&'$'G*&'5(&*'@JJB'==\=<A
TB'7$'8),0*)$')$H12('-,(,:.)*:@JB'==A
aB'7$'%*M.2+$')$H12('-$(.)*'@JB'=<A
B'"%;4'6/+
TU&)$' )*%.0$' /$%' %*66,&2*%' 8),26,8$/*%' +*' *%5*' 5*;5&B

[25*25*' $U&)$' 8&)' %.' 6.*25$' .2' )*%.0*2' +*' %.%' 8.25&%
8),26,8$/*%B' i' /.*M&' 8,*2%*' +*5*2,+$0*25*' 8&)-.*' >&
)*%.0D'/&%'8.25&%'8),26,8$/*%'+*'/$'0$2*)$'*2'-.*'/&'U,6*B
T-.D'*%5P'0,')*%.0*2B
3Y
3$'/4&1&456(!*0+"4#471
[B 7&%'0*+,&%'8$)$'%*)'G&)5$/*6,+&%'*%5P2'*2'*/'_*K&)'>'*2
*/'8&+*)'+*'%.'G.*)H$'@JB'=ZA
[[B 7$%')$H&2*%'8$)$'J*%5,)2&%'+*'5&+$'/$'$)0$+.)$'+*'E,&%
%&2'*%5$)'G,)0*%'6&25)$'/$%'$%*6U$2H$%'+*'_$5$2P%'>'/.6U$)
6&25)$'*/'%,%5*0$'+*'_$5$2P%'@JJB'==\=<A
h&5*'-.*'*%5*')*%.0*2'%,M.*'/$'G.*)H$'+*'/&%'0$)6$+&)*%
+*'*%5).65.)$'0$>&)*%B
d,'*%5).65.)$'>'?&%-.*I&'6&08/*5&%'+*'4G*%,&%'3B=Z\=<'*%
6&0&'%,M.*B'_,'.%5*+'U$'*25*2+,+&'*/'8)&6*%&'+*'*%5*'8.25&F'J$
$'*25*2+*)'/$'/1M,6$'+*'0,'*%5).65.)$B
[B 7&%'0*+,&%'8$)$'%*)'G&)5$/*6,+&%'*%5P2'*2'*/'_*K&)'>'*2'*/
8&+*)'+*'%.'G.*)H$'@JB'=ZA
TB'E*?*0&%'G&)5$/*6*)2&%'*2'*/'_*K&)'@JB'=ZjA
aB'E*?*0&%'G&)5$/*6*)2&%'*2'*/'8&+*)'+*'%.'G.*)H$'@JB'=Z?A
[[B'7$%')$H&2*%'8$)$'J*%5,)2&%'+*'5&+$'/$'$)0$+.)$'+*'E,&%
%&2'*%5$)'G,)0*%'6&25)$'/$%'$%*6U$2H$%'+*'_$5$2P%'>'/.6U$)
6&25)$'*/'%,%5*0$'+*'_$5$2P%'@JJB'==\=<A
TB 7$'8),0*)$')$H12'8$)$'J*%5,)2&%'5&+$'/$'$)0$+.)$'+*
E,&%'*%'*%5$)'G,)0*%'6&25)$'/$%'$%*6U$2H$%'+*'_$5$2P%
@JB'==A
aB'7$'%*M.2+$')$H12'8$)$'J*%5,)2&%'5&+$'/$'$)0$+.)$'+*
E,&%'*%'/.6U$)'6&25)$'*/'%,%5*0$'+*'_$5$2P%'@JB'==A
=B h.*%5)$'/.6U$'2&'*%'6&25)$'%$2M)*'>'6$)2*'@JB'=<jA
<B h.*%5)$'/.6U$'*%'6&25)$'*/'%,%5*0$'+*'_$5$2P%'@JB'=<?A
$B 4/'%,%5*0$'+*'_$5$2P%'%*'6&08&2*'+*'8),26,8$+&%
?B 4/'%,%5*0$'+*'_$5$2P%'%*'6&08&2*'+*'8&5*%5$+*%
6B' 4/' %,%5*0$' +*' _$5$2P%' %*' 6&08&2*' +*
M&?*)2$+&)*%'+*'/$%'5,2,*?/$%'+*'*%5*'%,M/&
+B' 4/' %,%5*0$' +*' _$5$2P%' %*' 6&08&2*' +*' U.*%5*%
*%8,),5.$/*%'+*'0$/+$+'*2'/$%')*M,&2*%'6*/*%5*%
C%5*+'5,*2*'$U&)$'.2'?&%-.*I&'0P%'?,*2'6&08/*5&'+*/'5*;5&
-.*'-.,*)*'8)*+,6$)B'4%5*'*%'.2'0*+,&'0.>'b5,/'>'$.5&),5$5,J&'8&)
*/'6.$/'.%5*+'8.*+*'8)*+,6$)'%.'a,?/,$B'[26/.%&'%,'.%5*+'2&'$J$2H$
"Z
!"#$%&#%$'(')(#'*#+
0P%'$//P'+*/'#$%&'<'*2'*/'8)&6*%&'+*'8)*8$)$6,12'+*/'%*)012'>
%,08/*0*25*'8)*+,6$'+*%+*'*%5*'?&%-.*I&F'8.*+*'*%5$)'6&2G,$+&
*2'-.*'J$'$'%*)'G,*/'$'/$%'4%6),5.)$%B'_,2'*0?$)M&F'%,'.%5*+'%1/&
//*J$'$'6$?&'5&+$'*%5$'6$25,+$+'+*'5)$?$I&'$25*%'+*',)'$/'8b/8,5&F'%.
8)*+,6$6,12'%*)P'.2'+,%6.)%&'0P%'-.*'.2'%*)012B'V&+$JD$'J$0&%
$' J*)' $/M.2&%' $%8*65&%' 0.>' ,25*)*%$25*%' +*' /$' 8)*+,6$6,12
*;8&%,5,J$B'C%5*+'+*?*'U$6*)'*/'5)$?$I&'G.2+$6,&2$/'@#$%&%'='>'<A
$25*%'+*'$%6*2+*)'$/'#$%&':B
"=
!"#$%&$&'()(*+#),+-%".#/,.#-,0-&
!"#$%&$&'()(*+
),+-%".#/,.#-,0-&
1.#2)&%"3*+4#/,.#$"'"5, 3
#$%&'!('#)*+,-.*'*/'%*)012
#$%&'3('4%5).65.)*'*/'%*)012
#$%&'7('8$'9)&9&%,6,12'6*25)$/'+*/'%*)012
#$%&':('4/'9)&91%,5&'9.*25*
#$%&'"('8$'9)&9&%,6,12'6*25)$/'+*/'5*;5&
#$%&'<('4%5).65.)*'*/'5*;5&
#$%&'=('4%5.+,*'*/'5*;5&
8&%'5)$+.65&)*%'>$2'+,?,+,+&'$'/&%'5*;5&%'@A@/,6&%'*2'9B))$C&%D
6$+$'.2&'+*'/&%'6.$/*%'5,*2*'.2'9*2%$0,*25&'0$E&)D'+&0,2$25*
*',+*25,C,6$@/*F'G*'>*6>&D'/$'+*C,2,6,12'0,%0$'+*'.2'9B))$C&'*%
-.*'9)&9&2*'.2'9*2%$0,*25&'6$)+,2$/F'4%5*'9*2%$0,*25&'0$E&)
*%'/&'-.*'E&'//$0&'H/$'9)&9&%,6,12'6*25)$/'+*/'5*;5&I'J#KLMF'K$+$
9)&9&%,6,12'6*25)$/'*%5B',25*N)$+$'9&)'+&%'6&09&2*25*%('*/'5*0$
E'*/'O2C$%,%F
P.*%5)$' +*C,2,6,12' +*' 5)$@$Q&' +*' /$' 9)*+,6$6,12' *;9&%,5,?$
*26.*25)$'%.'6$)B65*)'+,%5,25,?&'*2'H/$'6&25*09&),R$6,12'+*'/$
9)&9&%,6,12'6*25)$/'+*'.2'5*;5&'@A@/,6&FI'!"#$%&$&'()(*+#),+-%".
*%' */' 6&)$R12' +*/' 5*;5&D' -.*' */' 9)*+,6$+&)' +*@*' +*%6.@),)F' 8$
9)&9&%,6,12' 6*25)$/' %*' +*%,N2$' $' ?*6*%' 6&2' &5)&%' 2&0@)*%(
HO2C$%,%'5*;5.$/DI'HO2C$%,%'*;6/.%,?&DI'H5&)2,//&'+*/'%*)012DI'&'/$
HN)$2',+*$FI=
!"
6%,/()")(*+#10$&'(-(7"
8&9$&+,+-,'#/,#."#$%&$&'()(*+#),+-%".
L*0$'J6.*%5,12'&'519,6&M
S2C$%,%'J6&09/*0*25&'&'$C,)0$6,&2*%M
8$'9)&9&%,6,12'6*25)$/'*%'*/'5*0$TO2C$%,%'%,2N./$)'*2'5&)2&'$/
6.$/'%*'5*Q*2'/&%'+*5$//*%'+*/'5*;5&F'42')$R12'+*'-.*'-.*)*0&%
6&0.2,6$)'.2'9.25&'9),26,9$/'9$)$'-.*'/$'N*25*'&,N$D'*25,*2+$'E
&@*+*R6$D'9)&6.)$0&%'6&0.2,6$)'/$'9)&9&%,6,12'0$E&)'+*'6$+$
5*;5&'*%6),5.)$),&'*2'5O)0,2&%'6&25*09&)B2*&%F'U,'+*Q$0&%'$
2.*%5)&'5*;5&'J&'%*)012M'/,@)$+&'$'.2$'9*)6*96,12'6$9),6>&%$'+*
/&'-.*'*%'*%5$'9)&9&%,6,12'6*25)$/D'2&'%&0&%')*$/0*25*'2*6*%$),&%
*2'+,%9*2%$)'E')*6,@,)'/$'?*)+$+'+*'G,&%F
4%6.6>*' $' *%5&%' 0$*%5)&%' %&@)*' */' 5*0$' +*' /$' 9)&9&%,6,12
6*25)$/F
V*+.R6$'%.'5*;5&'$'.2$'9)&9&%,6,12'%,09/*D'E'*%5$@/OR6$/$'6&0&'/$
.)+,*0@)*W'E'/.*N&'>$N$'.%&'+*/'5*;5&'0,%0&'6&0&'/$'/$2$W',/.%5)*'/$
,+*$'9),26,9$/'0*+,$25*'/&%'?$),&%'5O)0,2&%'*2'/&%'-.*'*%5B'6&25*2,+$F
X5&)2,//*'/$'9$/$@)$'*2'/$%'0*25*%'+*'%.%'&E*25*%F'Y2'5&)2,//&'*%'/$'0B%
C.*)5*'+*'5&+$%'/$%'C.*)R$%'0*6B2,6$%'FFF'6.$2+&'>$'N,)$+&'.2$'9&6$%
?*6*%D'+,CA6,/0*25*'6.$/-.,*)'&5)$'C.*)R$'/&'9.*+*'%$6$)F
'''''K>$)/*%'U,0*&2
''''''*2'Z&>2'VF[F'U5&55D'/#0,.(,1,#(+#2%,")3(+4D'<<7
Y2$' $C,)0$6,12' 0$E&)' +*' 2.*%5)$' +*C,2,6,12' +*' /$' 9)*+,6$6,12

*;9&%,5,?$D'9&)'/&'5$25&D'%&%5,*2*'-.*'H/$'9)*+,6$6,12'*;9&%,5,?$'*%'/$
6&0.2,6$6,12' +*' .2' 6&26*95&' @A@/,6&FI' 4%&' $C,)0$' /&' &@?,&FFFF
\+*$/0*25*'6$+$'%*)012'*%'/$'*;9/,6$6,12D',25*)9)*5$6,12'&'$9/,6$6,12
+*'.2$'%&/$',+*$'+&0,2$25*'$9&E$+$'9&)'&5)$%',+*$%D'5&+$%'*;5)$A+$%
+*'.2'9$%$Q*'&'?$),&%'9$%$Q*%'+*'/$'4%6),5.)$F<
''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''']$++&2'V&@,2%&2
''''0(5.()".#2%,")3(+4D'""
!:
!"#$%&$&'()(*+#),+-%".#/,.#-,0-&
:/,+-(;()"+/&#."#$%&$&'()(*+#),+-%".#/,.#-,0-&
8$' 9)&9&%,6,12' 6*25)$/' +*/' 5*;5&' *%' /$' .2,+$+' %,2N./$)' +*

9*2%$0,*25&' -.*' .2*' E' +$' %,N2,C,6$+&' $' 5&+&%' /&%' $%9*65&%
9$)5,6./$)*%'+*'.2'5*;5&F'P&5*'-.*'*2'*/'#$%&':D'H8$'9)&9&%,6,12
6*25)$/'+*/'%*)012DI'%*'+$'/$'0,%0$'+*C,2,6,12D'*;6*95&'-.*'/$
^/5,0$'9$/$@)$'*%'',%6*+'*2'/.N$)'+*'-,7-&F
!"#$%&'(&)*&+",-
8(,6$%,'%*'+$'*2'/$'C&)0$'+*'.2$'&)$6,12'N)$0$5,6$/'6&09/*5$F
U,' *%' 0*2&%' -.*' .2$' &)$6,12' 2&' *%' .2$' 9)&9&%,6,12D' 9&)
+*C,2,6,12F
!./0&'(&)%&1/'&2%345'3'&)*&+",-
L,*2*'+&%'6&09&2*25*%(
• 4/'-,6"'+*/'5*;5&('*/'5*0$'+*/'5*;5&')*%9&2+*'$'/$'9)*N.25$D
_+*'-.O'*%5B'>$@/$2+&'*/'$.5&)'*2'*/'5*;5&`
• 4/' 9+:"'('' +*/' 5*;5&(' */' O2C$%,%' +*/' 5*;5&' )*%9&2+*' $' /$
9)*N.25$D'_-.O'*%'/&'-.*'*/'$.5&)'*%5B'+,6,*2+&'$6*)6$'+*
/&'-.*'*%5B'>$@/$2+&'*2'*/'5*;5&`
;,6"( _+*'-.O'*%5B'>$@/$2+&'*/'$.5&)'*2'*/'5*;5&`
<+:"'('( _-.O'*%'/&'-.*'*/'$.5&)'*%5B'+,6,*2+&'$6*)6$
+*'/&'-.*'*%5B'>$@/$2+&'*2'*/'5*;5&`
!6'&7#37'&4%$*&/3%&)*&+",-
8$'#KL'%*'+*),?$'+*/'#$%&'<'6.$2+&'.%5*+'*%5).65.)$'*/'5*;5&F
42'6$+$'6/$?*'N)$0$5,6$/'&'+*'6&25*2,+&'.%5*+'>$6*'.2$'+,?,%,12
9$)$'.2$'%*66,12F'8$%'6/$?*%'N)$0$5,6$/*%'&'+*'6&25*2,+&'0*2&)*%
+*5*)0,2$2'%.@a%*66,&2*%F'8$%'6/$?*%'+*'6&25*2,+&'&'N)$0$5,6$/*%
0$E&)*%'+*5*)0,2$2'/$%'%*66,&2*%'0$E&)*%F'K$+$'%*66,12'0$E&)
!7
6%,/()")(*+#10$&'(-(7"
5,*2*' .2' $%.25&' &' 5*0$' %,2N./$)F' 8$' 0$2*)$' *2' -.*' */' $.5&)
)*/$6,&2$' *%5&%' 5*0$%' %,2N./$)*%' /&' $E.+$)B' $' +*%6.@),)' /$
9)&9&%,6,12'6*25)$/'+*'.2'5*;5&'0B%'*;5*2%&F
#*)0A5$0*',/.%5)$)'*%5&'.%$2+&'4C*%,&%':F!a=3D'E'/.*N&'.%5*+
/&'9.*+*'$9/,6$)'$/'9$%$Q*'0B%'6&)5&'+*'4C*%,&%'3F=ba=<F'8*$
4C*%,&%':F!a=3'5)*%'?*6*%'$25*%'+*',)'6&20,N&'$'5)$?O%'+*/'5*;5&F
8*$'/*25$0*25*'E'6&2'6.,+$+&F
!'#*)&'$'6$+$'.2&'+*'2&%&5)&%'C.*'+$+$'/$'N)$6,$'6&2C&)0*'$
/$'0*+,+$'+*/'+&2'+*'K),%5&F
'c'#&)'/&'6.$/'+,6*(
HU.@,*2+&'$'/&'$/5&D'//*?1'6$.5,?$'/$'6$.5,?,+$+D
E'+,&'+&2*%'$'/&%'>&0@)*%FI
'd'e'*%&'+*'-.*'%.@,1D'_-.O'*%D'%,2&'-.*'5$0@,O2'>$@A$
+*%6*2+,+&'9),0*)&'$'/$%'9$)5*%'0B%'@$Q$%'+*'/$'5,*))$`
=b'4/'-.*'+*%6*2+,1D'*%'*/'0,%0&'-.*'5$0@,O2'%.@,1'9&)
*26,0$'+*'5&+&%'/&%'6,*/&%'9$)$'//*2$)/&'5&+&F
==' e' O/' 0,%0&' 6&2%5,5.E1' $' .2&%D' $91%5&/*%W' $' &5)&%D
9)&C*5$%W'$'&5)&%D'*?$2N*/,%5$%W'$'&5)&%D'9$%5&)*%'E'0$*%5)&%D
=<' $' C,2' +*' 9*)C*66,&2$)' $' /&%' %$25&%' 9$)$' /$' &@)$' +*/
0,2,%5*),&D'9$)$'/$'*+,C,6$6,12'+*/'6.*)9&'+*'K),%5&D
="'>$%5$'-.*'5&+&%'//*N.*0&%'$'/$'.2,+$+'+*'/$'C*'E'+*/
6&2&6,0,*25&'+*/'],Q&'+*'G,&%D'$'.2'?$)12'9*)C*65&D'$'/$'0*+,+$
+*'/$'*%5$5.)$'+*'/$'9/*2,5.+'+*'K),%5&W
=:'9$)$'-.*'E$'2&'%*$0&%'2,f&%'C/.65.$25*%D'//*?$+&%'9&)
+&-.,*)$' +*' 5&+&' ?,*25&' +*' +&65),2$D' 9&)' *%5)$5$N*0$' +*
>&0@)*%'-.*'9$)$'*2N$f$)'*09/*$2'6&2'$%5.6,$'/$%'$)5,0$f$%
+*/'*))&)D
=7'%,2&'-.*'%,N.,*2+&'/$'?*)+$+'*2'$0&)D'6)*R6$0&%'*2
5&+&'*2'$-.*/'-.*'*%'/$'6$@*R$D'*%5&'*%D'K),%5&D
=3'+*'-.,*2'5&+&'*/'6.*)9&D'@,*2'6&26*)5$+&'E'.2,+&'*25)*
%A'9&)'5&+$%'/$%'6&E.25.)$%'-.*'%*'$E.+$2'0.5.$0*25*D'%*N^2
/$'$65,?,+$+'9)&9,$'+*'6$+$'0,*0@)&D')*6,@*'%.'6)*6,0,*25&
9$)$',)'*+,C,6B2+&%*'*2'$0&)F
=F'g*)%A6./&%'!a=='>$@/$2'+*'.2$'6&%$'h*/'i*%A$%'$%6*2+,+&
+,&' +&2*%F'JV*6.*)+*' -.*' */' 6$0@,&' *2' */' 6&25*2,+&' *%
.2$'+*'/$%'6/$?*%'9$)$'*%5).65.)$)'.2'5*;5&FM'8&%'?*)%A6./&%
!a=='5,*2*2'*/'0,%0&'5*0$'&'.2'5*0$'%,2N./$)F
!3
!"#$%&$&'()(*+#),+-%".#/,.#-,0-&
42')*$/,+$+D'.%5*+'5,*2*'-.*'+*6,+,)'%,'?$'$'+,?,+,)'*/'5*;5&
*2'*/'?*)%A6./&'=='&'*2'*/'?*)%A6./&'=<F'e&'>*'+*6,+,+&
+,?,+,)/&' *2' */' ?*)%A6./&' =<' *2' )$R12' +*' -.*' *%5&E
9)*+,6$2+&' .2' 5*;5&' *;5*2%&' J??F' !a' =3MF' U,' *%5.?,*)$
9)*+,6$2+&'+*/'5*;5&'+&%'?*6*%D'9)*+,6$)A$'/&%'?*)%A6./&%
!a=b'E'/&%'?*)%A6./&%'==a=3D'*2C$5,R$2+&''/$'6/$?*'N)$0$5,6$/
$/'6&0,*2R&'+*/'?*)%A6./&'==F
<F'g*)%A6./&%'=<a="'2&%'+,6*2'-.*'*/'9)&91%,5&'&')$R12'9&)'/$
-.*'O/'+,&'/&%'+&2*%F'P&5*'/$'*;9)*%,12'6/$?*'"#:(+#=,'$/
6&0,*2R&' +*/' ?*)%A6./&' =<F' U.' 6.$+)&' +*' 6/$?*%
N)$0$5,6$/*%'J?*)'9BN,2$';;;M'/*'+,6*'-.*'"#:(+#=,''6&0.2,6$
)$R12'&'9)&91%,5&F'X-.A'/&%'?*)%A6./&%'=<a="'2&%'+$2'/$
)$R12' &' 9)&91%,5&' 9&)' /$' -.*' */' i*%A$%' +$' /&%' +&2*%F
P.*?$0*25*D'*%5&%'?*)%A6./&%'%*')*C,*)*2'$/'0,%0&'5*0$'&
$'.2'5*0$'%,2N./$)F'8&%'+&2*%'%&2'+$+&%'9$)$'/$'*+,C,6$6,12
+*'/$',N/*%,$'>$%5$'-.*'*//$'$/6$26*'0$+.)*RF
"F'g*)%A6./&%'=:a=3'2&%'>$@/$2'+*/')*%./5$+&'+*'*%5*'9)&6*%&
+*' +$6,12' +*' +&2*%' J??F' !a="MD' *;9/,6$2+&' /$%
,09/,6$6,&2*%' +*' /$' 0$+.)*R' 6&)9&)$5,?$' 9&)' /$' -.*' */
i*%A$%'+,&'/&%'+&2*%F'P&5*'/$'9),0*)$'C)$%*'+*/'?*)%A6./&
=:D'H9$)$'-.*FI'8$'C)$%*'6&25)&/$'/&%'?*)%A6./&%'=:a=3'E
0.*%5)$'*/')*%./5$+&'+*'/&%'?*)%A6./&%'!a="F'4%5&%'?*)%A6./&%
5,*2*2'5$0@,O2'*/'0,%0&'5*0$'&'5*0$'%,2N./$)F
42'&)+*2'$'&@5*2*)'/$'9)&9&%,6,12'6*25)$/'+*/'5*;5&'9&2*0&%
Q.25&%' */' 6&25*2,+&' +*' *%5&%' 5)*%' 5*0$%D' 6.*%5,&2*%D' 9.25&%
9),26,9$/*%D'&')*%^0*2*%F'X/'//*N$)'$'/$'#KL'.%5*+'*%5B'@.%6$2+&
$%,)('(*+'E'$,%-(+,+)("F'8$'#KL'+*@*')*C/*Q$)'6&2'9)*6,%,12'%.
5*;5&'9$)5,6./$)'E'+*@*'6.@),)'/$%'$C,)0$6,&2*%'+*/'5*;5&F'4%'*%*26,$/
6&09/*5$)'/&%'#$%&%'='E'<'%&@)*'.2'5*;5&'$25*%'+*'$@&)+$)'*/
#$%&'"F
X-.A'*%5B'0,'#KL'9$)$'4C*%,&%':F!a=3('*/'9)&91%,5&'9&)'*/
6.$/'*/'K),%5&'$%6*2+,+&'+,&'+&2*%'$'/$',N/*%,$'*%'*+,C,6$)/$'*2
0$+.)*R'+&65),2$/'E'*%5$@,/,+$+'C.26,&2$/'0*+,$25*'/$'&9*)$6,12
6&2Q.25$'+*'6)*E*25*%'*-.,9$+&%F
g$0&%'$'+,%*66,&2$)'*%5$'+*6/$)$6,12F'_K&25,*2*'*//$'*/'5*0$
J/&'-.*'*/'$.5&)'*%5B'>$@/$2+&M'E'*/'O2C$%,%'J/&'-.*'*/'$.5&)'*%5B
+,6,*2+&'$6*)6$'+*'/&'-.*'O/'*%5B'>$@/$2+&M`
!!
6%,/()")(*+#10$&'(-(7"
>.#-,6"
4/'5*0$'+*'.2'9B))$C&'+*@*'%*)'*%9*6AC,6&F'U,'/*'9)*N.25&'9&)
*/'5*0$'+*'.2'9B))$C&'J_-.O'*%'/&'-.*'*/'$.5&)'*%5B'>$@/$2+&'*2
4C*%,&%':F!a=3`M'E'.%5*+')*%9&2+*('H+&2*%'*%9,),5.$/*%DI'9.*+*
-.*' *%5O' *2' /&' 6&))*65&D' 9*)&' 2&' *%' $%,)('&F' U.' 5*0$' 9.*+*
$Q.%5$)%*'$'V&0$2&%'=<W'='K&),25,&%'=<W'&'='#*+)&':F!F'Y%5*+
9.*+*'+*6,)'-.*'*/'5*0$'*%'H*+,C,6$2+&'*/'6.*)9&FI'4%5$'?*R'%.
5*0$'*%5B'6&))*65&D'9*)&'2&'*%'9*)5,2*25*'9$)$'6$95$)'/$'5&5$/,+$+
+*/'9B))$C&F
#$)$' 5*2*)' .2' 5*0$' 6*25)$/' -.*' %*$' 5$25&' 9)*6,%&' 6&0&
9*)5,2*25*D' .%5*+' +*@*' *26*))$)' *2' O/' /&%' 5*0$%' &' $%.25&%
%,2N./$)*%' +*' 5&+&%' %.%' 9.25&%' 9),26,9$/*%' &' +*6/$)$6,&2*%
)*%.0*2F'8$%'6/$?*%'N)$0$5,6$/*%'&'+*'6&25*2,+&'/*'+,)B2'6.B/'*%
*/'5*0$'6&25)&/$+&)h-.O'*%'/&'-.*'*/'$.5&)'*%5B'>$@/$2+&F'42
*%5*'6$%&'*/'$.5&)'*%5B'>$@/$2+&'$6*)6$'+*/'9)&91%,5&'+*'/$'+$6,12
+*'/&%'+&2*%'*%9,),5.$/*%'9&)'*/'i*%A$%'$%6*2+,+&F'U,'.%5*+'2&
,26/.E1'/$%'9$/$@)$%'&'*/'6&26*95&'+*/'H9)&91%,5&I'*2'/$'#KLD'2&
*%5B'%,*2+&'6/$)&'&'9)*6,%&'6&2'*%5*'9$%$Q*F
>.#9+:"'('
X>&)$D'_6.B/'*%'*/'O2C$%,%'+*/'5*0$`'_j.O'*%'/&'-.*'*/'$.5&)
*%5B'+,6,*2+&'$6*)6$'+*/'5*0$`'4/'*%5B'+,6,*2+&'-.*'*/'9)&91%,5&
+*'/$'+$6,12'+*'+&2*%'*%'/$'*+,C,6$6,12'+*'/$',N/*%,$'*2'/$'0$+.)*R
+&65),2$/'E'/$'*%5$@,/,+$+'C.26,&2$/'$'5)$?O%'+*'/$'&9*)$6,12'6&2Q.25$
+*'6)*E*25*%'*-.,9$+&%F'#&)'/&'5$25&D'/$'+*6/$)$6,12'5&5$/'+*'/$
9)&9&%,6,12'6*25)$/'+*'*%5*'5*;5&'*%('*/'9)&91%,5&'9&)'*/'6.$/'*/
K),%5&'$%6*2+,+&'+,&'+&2*%'$'/$',N/*%,$'*%'9$)$'*+,C,6$)/$'*2'/$
0$+.)*R'+&65),2$/'E'/$'*%5$@,/,+$+'C.26,&2$/'0*+,$25*'/$'&9*)$6,12
6&2Q.25$'+*'6)*E*25*%'*-.,9$+&%F
8245957*7?
X>&)$'>$N$'*/'*Q*)6,6,&'$25*),&)'6&2'4C*%,&%'3F=ba=<F
4/$@&)*'/$'9)&9&%,6,12'6*25)$/'+*'*%*'9$%$Q*'6&)5&h%.
5*0$'E'O2C$%,%F
!c
!"#$%&$&'()(*+#),+-%".#/,.#-,0-&
<%="+(3"+/&#'>#-%"?"5&#-,0->".
42' *%5*' 9.25&' +*/' 9)&6*%&' +*' /$' *;9&%,6,12' @A@/,6$D' .%5*+
2*6*%,5$')*.2,)'/&%'+*5$//*%'+*'%.'5)$@$Q&'5*;5.$/'J#$%&%'=a"M'*2
.2$'&'+&%'9BN,2$%F'X'9$)5,)'+*'$-.AD'.%5*+'6&0*2R$)B'.2'$%6*2%&
%*)0&2A%5,6&'J#$%&%':a!MF'k,*2'?$/*'/$'9*2$'-.*',2?,*)5$'5,*09&
*2'&)N$2,R$)'%.'5)$@$Q&'5*;5.$/'%,N.,*2+&'*/'%,N.,*25*'C&)0$5&'J?*$
C&)0$%'+*'0.*%5)$'$@$Q&M(
• G*/*'.2'5A5./&'5*25$5,?&'$/'5*;5&F'4%5*'@,*2'9.*+*'%*)'*/
H5*0$I'+*'/$'#KLF
• U,'*%'9&%,@/*'*%6),@$'.2$'5)$+.66,12'9*)%&2$/'&'9$)BC)$%,%'+*/
5*;5&'-.*')*C/*Q*'*/'C/.Q&'&'$)N.0*25&'+*/'5*;5&F'K.$2+&'.%5*+
9$)$C)$%*$'*/'5*;5&'+*@*'*%5$)'%*N.)&'+*'*25*2+*)'/$'0$2*)$
*2'-.*'*/'$.5&)'*/$@&)$'*/'$)N.0*25&F'U,N.*'.2'*Q*09/&'+*
4C*%,&%':F==a="F
• X2&5*'/$'9)&9&%,6,12'6*25)$/'+*/'5*;5&F'J#&2N$'*/'5*0$'E'*/
O2C$%,%'*2'C&)0$'+*'.2$'&)$6,12'6&09/*5$F'8$'+*6/$)$6,12
6&09/*5$'2&''2*6*%,5$'%*)'/$)N$D'9*)&'>BN$/$'9*)5,2*25*F'Y%5*+
?$'$'9./,)/$'E'$6&)5$)/$'$'0*+,+$'-.*'5)$@$Q*'6&2'*//$FM
• X2&5*'*/'@&%-.*Q&F'JL&+&%'/&%'9.25&%'E'%.@a9.25&%'+*@*2'*%5$)
*2'/$'C&)0$'+*'.2$'&)$6,12'6&09/*5$FM
X-.A'.%5*+'*%5$)B'6./0,2$2+&'*/'9)&6*%&'+*'/$'9)*9$)$6,12'+*/
%*)012'*2'5&+&'/&'-.*'5,*2*'-.*'?*)'6&2'*/'5*;5&'0,%0&F
!d
6%,/()")(*+#10$&'(-(7"
:%;$*4%&$%7')%&<*;*&%;=*35>*;&(/&4;*?*@%&4'A4/*)
@A->.&#/,.#$"'"5,
JL*;5&'+*'/$'k,@/,$M
6"%B;%"'('#&#-%"/>))(*+
?F'=(
?F'<(
?F'"(
6%&$&'()(*+#),+-%".#/,.#-,0-&
L*0$(
S2C$%,%(
C,)."%")(*+# )&9$.,-"D# 8$' +*6/$)$6,12' 6&09/*5$' +*' /$' #KL

9&2*'*/'5*0$'E'*/'O2C$%,%'*2'.2$'%&/$'&)$6,12F
k&%-.*Q&
\F
XF
=F
<F
kF
=F
<F
\\F
XF
kF
=F
<F
"F
KF
''''''''\\\F
cb
!"#$%&$&'()(*+#),+-%".#/,.#-,0-&
:%;$*4%& $%7')%& *<)52*7%& *& BC'(5%(& DEFFGFH
1.#$%&$*'(-&#/,#."#/")(*+#/(7(+"#/,#/&+,'
4C*%,&%':F==a="
6"%B;%"'('
== e'O/'J*/'K),%5&'$%6*2+,+&M'+,&'$/N.2&%'6&0&'$91%5&/*%D
E'$/N.2&%'6&0&'9)&C*5$%D'E'$/N.2&%'6&0&'*?$2N*/,%5$%D
E'$/N.2&%'6&0&'9$%5&)*%'E'0$*%5)&%D
=< 9$)$'J6&2'*/'9)&91%,5&'+*M'*-.,9$)' J9)*9$)$)M' $' /&%
%$25&%'9$)$'/$'&@)$'+*'%*)?,6,&D'$'C,2'+*'J6&2'*/')*%./5$+&
+*M'/&N)$)'/$'*+,C,6$6,12'+*/'6.*)9&'+*'K),%5&W
=" >$%5$'-.*'5&+&%'//*N.*0&%'$'/$'.2,+$+'+*'/$'C*D'E'+*/
6&2&6,0,*25&'+*/'],Q&'+*'G,&%D'$'.2'>&0@)*'0$+.)&D
$'/$'0*+,+$'+*'/$'*%5$5.)$'-.*'9*)5*2*6*'$'/$'9/*2,5.+
+*'K),%5&F
6%&$&'()(*+#),+-%".#/,.#-,0-&
L*0$(' */' 9)&91%,5&' 9&)' */' 6.$/' */' K),%5&' $%6*2+,+&' +,&
>&0@)*%'6&0&'+&2*%'$'/$',N/*%,$
S2C$%,%('*%'9$)$'-.*'/$',N/*%,$'%*$'*+,C,6$+$'>$%5$'-.*'$/6$26*
.2$'0$+.)*R'6&0&'/$'+*'K),%5&
G*6/$)$6,12'6&09/*5$'+*'/$'#KL('*/'9)&91%,5&'9&)'*/'6.$/
*/'K),%5&'$%6*2+,+&'+,&'*%5&%'>&0@)*%'6&0&'+&2*%'*%
9$)$' *+,C,6$)' $' /$' ,N/*%,$' >$%5$' -.*' *//$' $/6$26*' .2$
0$+.)*R'6&0&'/$'+*'K),%5&F
E&'F>,5&
\F 4/' K),%5&' $%6*2+,+&' +,&' 6.$5)&' 6/$%*%' +*' >&0@)*%

6&0&'+&2*%'$'/$',N/*%,$'J?F'==M
XF'4/'+,&'$/N.2&%'6&0&'$91%5&/*%
kF'4/'+,&'$/N.2&%'6&0&'9)&C*5$%
KF'4/'+,&'$/N.2&%'6&0&'*?$2N*/,%5$%
GF'4/'+,&'$/N.2&%'6&0&'9$%5&)*%'E'0$*%5)&%
c=
6%,/()")(*+#10$&'(-(7"
\\F 4/'9)&91%,5&'9&)'*/'6.$/'O/'+,&'*%5&%'>&0@)*%'C.*'9$)$
-.*'/$',N/*%,$'%*$'*+,C,6$+$'J?F'=<M
XF 4%5&%' >&0@)*%' C.*)&2' +$+&%' 6&2' */' 9)&91%,5&' +*
*-.,9$)'$'/&%'%$25&%'9$)$'/$'&@)$'+*'%*)?,6,&'J?F'=<lM
kF 4/' *-.,9$0,*25&' +*' /&%' %$25&%' )*%./5$)B' *2' -.*' */
6.*)9&'%*)B'*+,C,6$+&'J?F'=<@M
\\\F'4%5&%'>&0@)*%'+*@*2'*-.,9$)'$'/&%'%$25&%'>$%5$'-.*'/$
,N/*%,$'$/6$26*'6&)9&)$5,?$0*25*'/$'%*0*Q$2R$'$'K),%5&
J?F'="M
XF G*@*2' *-.,9$)' $' /&%' %$25&%' >$%5$' -.*' 5&+&%
//*N.*0&%' $' /$' .2,+$+' +*' /$' C*' @$%$+$' *2' */
6&2&6,0,*25&'+*/'],Q&'+*'G,&%'J?F'="$M
kF G*@*2' *-.,9$)' $' /&%' %$25&%' >$%5$' -.*' 5&+&%
//*N.*0&%'$'%*)'.2'>&0@)*'9*)C*65&'J?F'="@M
KF G*@*2' *-.,9$)' $' /&%' %$25&%' >$%5$' -.*' 5&+&%
//*N.*0&%'$'/$'0*+,+$'9/*2$'+*'/$'%*0*Q$2R$'$'K),%5&
J?F'="6M
8245957*7I
''g$0&%'$>&)$'$')*?,%$)'/&%'#$%&%'=a"D'.%$2+&'*/'U$/0&
==!F'4/'U$/0&'==!D'*/'0B%'6&)5&'E'%,09/*'+*'/&%'U$/0&%D
*%'.2'5*;5&'C$?&),5&'6&2'*/'-.*'5)$@$Q$0&%'*2'2.*%5)$%'6/$%*%
+*' %*0,2$),&F' 8*$' */' U$/0&' .2' 9$)' +*' ?*6*%' $25*%' +*
*%5.+,$)'*%5$%'9)1;,0$%'9BN,2$%F
=F X/$@$+'$'Z*>&?BD'2$6,&2*%'5&+$%W
#.*@/&%'5&+&%D'$/$@$+/*F
<F #&)-.*'>$'*2N)$2+*6,+&'%&@)*'2&%&5)&%
%.'0,%*),6&)+,$D
e'/$'C,+*/,+$+'+*'Z*>&?B'*%'9$)$'%,*09)*F
X/*/.E$F
6"'&#GH#,'->/(,#,.#-,0-&
K.$2+&'.%5*+'*%5.+,$'*/'U$/0&D'&@%*)?$)B'9$/$@)$%'6&0&
"."5"=D'-&="'D'+")(&+,'D'$@,5.&'D'6(',%()&%=("'E':(=,.(="=#=,
A,3&1BF' 4%5.+,$)' *%5$%' 9$/$@)$%' /*' +$)B' /$' 6$)2*' 9$)$' %.
0*2%$Q*F
c<
!"#$%&$&'()(*+#),+-%".#/,.#-,0-&
6"'&# IH# ,'-%>)->%,# ,.# -,0-&
P&5$)B'-.*'/$'9$/$@)$'6).6,$/'9$)$'+,%6*)2,)'/$'*%5).65.)$
+*/'U$/0&'*%'$&%C@,D'/$'9),0*)$'9$/$@)$'+*/'?*)%A6./&'<'J.2$
6/$?*' N)$0$5,6$/MF' 4/' *%-.*/*5&' +*' %.' 5*;5&' 9.*+*' %*)' *%5*
@&%-.*Q&(
\F 4/'%$/0,%5$'//$0$'$'5&+&'*/'9.*@/&'$'$/$@$)'$/'U*f&)'J?F'=M
\\F 8$'0,%*),6&)+,$'E'/$'C,+*/,+$+'+*/'U*f&)'+*@*2'%*)'$/$@$+$%
J?F'<M
6"'&#JH#."#$%&$&'()(*+#),+-%".#/,.#-,0-&
_K.B/'*%'*/'5*0$'+*'*%5*'U$/0&`'#,O2%*/&'@,*2'E'/.*N&
5*)0,2*'*%5$'&)$6,12('42'*/'U$/0&'==!D'*/'$.5&)'*%5B'>$@/$2+&
+*'mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmF
U,'.%5*+'+,6*'-.*'*/'$.5&)'*%5B'>$@/$2+&'$6*)6$'+*'H$/$@$)
$/'U*f&)I'%1/&'*%5B'$6*)5$+&'9$)6,$/0*25*D'9&)-.*'2&'/*'>$
+$+&'.2'O2C$%,%'$+*6.$+&'$'/$',09&)5$25*'6/$?*'N)$0$5,6$/
$&%C@,F'4/'$.5&)'2&'*%5B'>$@/$2+&'%&/$0*25*'$6*)6$'+*'H$/$@$)
$/'U*f&)I'J*%5&'*%'6,*)5&'+*'/$'0$E&)'9$)5*'+*'/&%'%$/0&%'+*
$66,12'+*'N)$6,$%MF'4/'*%5B'>$@/$2+&'$6*)6$'+*'H/$')$R12'9&)
/$'-.*'5&+&%'/&%'9.*@/&%'+*@*2'$/$@$)'$/'U*f&)FI'Y%5*+'6$95$
*%5*'O2C$%,%'+*'/$'9),0*)$'9$/$@)$'*2'*/'?*)%A6./&'<D'$&%C@,F
J_]$'?,%5&'*/'6.$+)&'+*'6/$?*%'N)$0$5,6$/*%`M
X>&)$D' _6.B/' *%' */' O2C$%,%' +*/' 5*;5&`' _j.O' *%' /&' -.*' */
$.5&)'*%5B'+,6,*2+&'$6*)6$'+*'/&'-.*'*%5B'>$@/$2+&`'L*)0,2*
*%5$'&)$6,12('8$')$R12'9&)'/$'-.*'5&+&%'/&%'9.*@/&%'+*@*2
$/$@$)'$/'U*f&)'*%'mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmF
U,' E$' >,R&' */' 5)$@$Q&D' ?$' $' 5*)0,2$)' 6&2' $/N&' 6&0&' /&
%,N.,*25*'9$)$'/$'+*6/$)$6,12'6&09/*5$'+*'/$'#KL'+*/'U$/0&
==!('8$')$R12'9&)'/$'-.*'+*@*'>$@*)'.2$'$/$@$2R$'.2,?*)%$/
$/'U*f&)'*%'9&)'%.'0,%*),6&)+,$'E'C,+*/,+$+F
c"
6%,/()")(*+#10$&'(-(7"
#,*2%*'+*5*2,+$0*25*'*2'/$'+*6/$)$6,12'$)),@$F'_#.*+*'?*)'/$
0$2*)$'*2'-.*'//*N.O'$'*//$`'4%9*)&'-.*'>$E$'*25*2+,+&'*/'9)&6*%&
>$%5$'*%5*'9.25&F'_#.*+&',09),0,)'%&@)*'.%5*+'/$'.5,/,+$+'+*'*%5*
*Q*)6,6,&`'U,'.%5*+')*$/0*25*'+*%*$'%*)'.2'*;9&%,5&)'+*'/$'#$/$@)$
+*'G,&%D'@.%6$)B',09),0,)'%&@)*'%.'N*25*'/&'-.*'*/'$.5&)'*2C$5,R$h
/$' ?*)+$+' +*' %.' 5*;5&F' 42' &)+*2' $' *26&25)$)' *%$' 9)&9&%,6,12
6*25)$/D'5,*2*'-.*'.5,/,R$)%*'*%5*'*Q*)6,6,&'9)&@$+&'E'-.,RB%'5*+,&%&F
P&'&@%5$25*D'*%5$'*%'.2$'0$2*)$'0$)$?,//&%$'+*'>$6*)'+*/'5*;5&
.2$'9$)5*'+*'2.*%5)&'9)&9,&'%*)F'Y%5*+'2,'%,-.,*)$'5*2+)B'-.*
0*0&),R$)'*/'5*;5&F'Y%5*+'/&'6&2&6*)B'0.E'@,*2'9$)$'*/'0&0*25&
*2'-.*'*%5O'/,%5&'9$)$'9)*+,6$)/&F
8245957*7I
' ' #).*@*' .2$' 9)&9&%,6,12' 6*25)$/' +*/' 5*;5&' 9$)$' /&%
%,N.,*25*%'9$%$Q*%'@A@/,6&%F
>:,'(&'#DEFGH
=F ],Q&%D'&@*+*6*+'*2'*/'U*f&)'$'?.*%5)&%'9$+)*%D'9&)-.*
*%5&'*%'Q.%5&F
<F ]&2)$' $' 5.' 9$+)*' E' $' 5.' 0$+)*D' -.*' *%' */' 9),0*)
0$2+$0,*25&'6&2'9)&0*%$W
"F 9$)$'-.*'5*'?$E$'@,*2D'E'%*$%'+*'/$)N$'?,+$'%&@)*'/$
5,*))$F
:F e'?&%&5)&%D'9$+)*%D'2&'9)&?&-.O,%'$',)$'$'?.*%5)&%'>,Q&%D
%,2&'6),$+/&%'*2'+,%6,9/,2$'E'$0&2*%5$6,12'+*/'U*f&)F
;,6"?#IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
<+:"'('?#IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
2J;?#mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
_K.B/'%*)A$'/$'9)&9&%,6,12'6*25)$/'+*/'5*;5&'%1/&'9$)$
/&%'?*)%A6./&%'=a"`
>:,'(&'#DEFGK
c:
!"#$%&$&'()(*+#),+-%".#/,.#-,0-&
';,6"?#mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
<+:"'('?#IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII
2J;?#IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII
_j.O'*2'6.$25&'$'/$'9)&9&%,6,12'6*25)$/'+*/'5*;5&'*2'*/
6$%&'+*/'?*)%A6./&':`
>:,'(&'#DEH
;,6"?#mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
<+:"'('?#IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII
2J;?#IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII
Y%5*+'E$'>$'5)$@$Q$+&'%&@)*'/$'#KL'9$)$'4C*%,&%'3F=ba
=<F'4%6),@$'$-.A(
>:,'(&'#DEFLGFM
;,6"?#IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
<+:"'('?#IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
#KL('mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
c7
!"#$%&$'()*&#$+,-*,
!"#$%&$'()*&#$+,-*,
!"#./,%,0%&1#2,"#(,%3'-
4
#$%&'"('#)*+,-.*'*/'%*)012
#$%&'3('4%5).65.)*'*/'%*)012
#$%&'7('8$'9)&9&%,6,12'6*25)$/'+*/'%*)012
#$%&':('4/'9)&91%,5&'9.*25*
#$%&';('8$'9)&9&%,6,12'6*25)$/'+*/'5*<5&
#$%&'=('4%5).65.)*'*/'5*<5&
#$%&'>('4%5.+,*'*/'5*<5&
8/*?$0&%' $@&)$' $' /$' 9$)5*' 0A%' 6)B5,6$' +*' 5&+&' */

9)&6*%&'+*'9)*9$)$6,12'+*/'%*)012C'D.$2+&'.%5*+
6).E$'*%5*'9.*25*F'@$G)A',+&'+*%+*'*/'*%5.+,&'+*'/$%
4%6),5.)$%' H.2' *I*)6,6,&' @*)0*2J.5,6&H' @$%5$' /$
9)*+,6$6,12' +*' /$%' 4%6),5.)$%' H.2' *I*)6,6,&
@&0,/J5,6&C'4/'#$%&':'*%'6.$2+&'.%5*+'6&2%5).K*'K
6).E$'*/'#)&91%,5&'#.*25*C>'4/'#$%&':'*%'6)B5,6&'9$)$
@$6*)'-.*'/$'9)*+,6$6,12'*<9&%,5,L$'%*$')*/*L$25*'9$)$
/$'$.+,*26,$C'#$)$'*%5*'0&0*25&F'G.*2$'9$)5*'+*/
5)$G$I&'9)*9$)$5&),&'9$)$'*/'%*)012'K$'@$'%,+&'@*6@&C
8$'6$)2*'M#$%&'>NF'*/'*%-.*/*5&'M#$%&'=NF'K'*/'6&)$E12
M#$%&';N'+*/'5*<5&'K$'%*'@$2'+,%6*)2,+&C'4/'*%-.*/*5&
+*/'6.*)9&'+*/'%*)012'%*'@$'O&)0$+&'6&2'/&%'9.25&%
9),26,9$/*%F'%.GP9.25&%F'K'%.GP%.GP9.25&%F'%,?.,*2+&
!"
4%,2)/5/)'-#!6$&()*)75
/$%'6/$L*%'?)$0$5,6$/*%'K'+*'6&25*2,+&'-.*'%*'*26.*25)$2'*2'*/
9$%$I*C
Q%B'-.*F'//*?$0&%'$/'6*)*G)&'&'*/'!"#!$%&'#'+*/'%*)012C=
!"#$%&$'()*&#2,"#$%&$'()*&
D&0&'*/'6*)*G)&'+*/'%*)012F'*/'9)&91%,5&'6&25)&/$'0.6@&%
$%9*65&%'+*'/$'9)*9$)$6,12'K'9)*+,6$6,12'+*/'%*)012C'Q-.B'@$K
$/?.2&%'9&6&%C'R2'9)&91%,5&'+*/'%*)012'LA/,+&'K'6/$)&(
>C *2O&6$'/$',25)&+.66,12'+*/'%*)012'%&G)*'/$'2*6*%,+$+'-.*
%*)A'9/$25*$+$'*2'*/'%*)012
=C +*5*)0,2$'-.J'+*G*',26/.,)%*'KS&'*<6/.,)%*'*2'*/'6.*)9&'+*/
%*)012
;C ,2O/.K*' %&G)*' /$' 6&26/.%,12' +*/' %*)012' K' 6.$/-.,*)' &5)$
$9/,6$6,12
:C $K.+$'$'*%6&?*)'/$%',/.%5)$6,&2*%'-.*'$K.+$)A2'$'/&?)$)'*/
9)&91%,5&'+*/'%*)012
7C 9)&L**'+*'.2$'0$2*)$'0A%'&GI*5,L$'+*'0*+,)'/$'*O*65,L,+$+
&'J<,5&'+*/'%*)012
3C 9*)&'/&'0A%',09&)5$25*F'*/'9)&91%,5&'+*/'%*)012'6&25),G.K*
+,)*65$0*25*'$'/$'O&)0./$6,12'+*/'5*0$'+*'/$'9)&9&%,6,12
6*25)$/'+*/'%*)012'M#DTNC
U&'9.*+&'*<$?*)$)'/$',09&)5$26,$'+*/'9)&91%,5&'+*/'%*)012
6&0&'*/'*%/$G12'6/$L*'-.*'.2*'$/'5*<5&'6&2'*/'%*)012C;
8,*,%3)-,#,"#$%&$'()*&#2,"#(,%3'-
VW*'-.J'0$2*)$'.2&'9.*+*'*26&25)$)'K'$)5,6./$)'*/'9)&91%,5&
+*/'%*)012X:'426&25)$0&%'*/'9)&91%,5&'+*/'%*)012'M6&2%5).,0&%
*/'9)&91%,5&'9.*25*N'9)*?.25$2+&'K')*%9&2+,*2+&'/$'%,?.,*25*
9)*?.25$('%#(")*+,*(,%)*-)*+,*!"#!#%&.&$/*.)/'",+*-)*)%')*')0'#1
2345*)%*+#*34)*6&#%*34&)")*34)*7&*8)/')*)/'&)/-,*9*#()-):.,;
U&5*' -.*' */' 9)&91%,5&' +*/' ')0'#' 2&' *%' /$' 6&2%,+*)$6,12
O.2+$0*25$/'$-.BC'4%*'9)&91%,5&'K$'@$',2O/.,+&'%&G)*'*/'9)&6*%&
+*'*%5.+,&F'$/'+*5*)0,2$)'/$'9)&9&%,6,12'6*25)$/'+*/'5*<5&C'#&)
!!
!"#$%&$'()*&#$+,-*,
%.9.*%5&F' */' 9)&91%,5&' +*/' %*)012' %*)A' 6&09$5,G/*' 6&2' /$%

*<9*65$5,L$%'+*/'$.5&)'&'$.5&)*%'GBG/,6&S%'*2')*/$6,12'6&2'%.%
$.+,*26,$%'&),?,2$/*%C'4%5$0&%'9)&5*?,+&%'+*/'6$9),6@&'K'*/'*))&)
*2'*/'9)&91%,5&'9.*25*F'*2')$E12'+*'-.*'@*0&%'%*?.,+&'*/'9)&6*%&
+*'*%5.+,&'*2'/&%'#$%&%'>'$';C
9&-,/*,#,"#$%&$'()*&#2,#(+#*,6*&
5"#$%&$'()*&#2,#(+#(,%3'-
D.$2+&'.%5*+'*%6),G*'*/'9)&91%,5&'+*'%.'%*)012'%&G)*'/$'G$%*
+*'/$'9)&9&%,6,12'6*25)$/'+*/'5*<5&F'.%5*+'2*6*%,5$')*%9&2+*)'$
+&%'!")84/',%*-)*.#7!,'&(&+&-,-<
>C V#.*+&'%&%5*2*)'*<*?J5,6$'K'5*&/1?,6$0*25*'-.*'*/'9)&91%,5&
+*'0,'%*)012'*%'6&09$5,G/*'6&2'*/'!"#!$%&'#'+*/'5*<5&X'4%5$
9)*?.25$'/&'$K.+$'$'.2&'$'%*)'O,*/'$/'5*<5&C
=C V#.*+&' %&%5*2*)' %&6,&/1?,6$' K' 9%,6&/1?,6$0*25*' -.*' */
9)&91%,5&'+*'0,'%*)012'*%'6&09$5,G/*'6&2'/$%'/).)%&-,-)%
+*'0,'$.+,*26,$X'4%5$'9)*?.25$'/&'$K.+$'$'.2&'$'%*)')*/*L$25*
6&2'/$'$.+,*26,$C
8$'9)&9&%,6,12'6*25)$/'+*/'5*<5&'*%5A'%1/,+$0*25*'G$%$+$'%&G)*
*/'9$%$I*'$'%*)'9)*+,6$+&C'Q@&)$F'G$%$+&'%&G)*'/$'9)&9&%,6,12
6*25)$/'+*/'5*<5&F'V-.J'9.*+&'*%9*)$)'/&?)$)'*2'*/'%*)012'*2
6.$25&'$'/$'6&09)*2%,12'K'&G*+,*26,$'+*'/$'?*25*X
4%'*%*26,$/'6&2&6*)'G,*2'$'/$'$.+,*26,$C'Q'0*+,+$'-.*'.%5*+
6&2%5).K*' %.' 9)&91%,5&' 9.*25*F' O&)0./*' *%5$' 9)*?.25$' 6)B5,6$(
V6.A/*%'%&2'/$%'2*6*%,+$+*%'K'6&2+,6,&2*%'+*'0,'$.+,*26,$'*2
)*O*)*26,$'$'/$'9)&9&%,6,12'6*25)$/'+*'*%5*'5*<5&X7
R%5*+'%1/&'9.*+*'6&2&6*)'$'%.'$.+,*26,$'+*+,6A2+&/*'5,*09&C
U&' @$K' %*)0&2*%' G.*2&%' -.*' %*$2' ?*2J),6&%' 9$)$' 6.$/-.,*)
$.+,*26,$C' 4/' 9$%5&)*&' +*' Z/$)?$' +,%5$26,$[' 2&' *%5A' $9)&G$+&
GBG/,6$0*25*'2,'*%'$9)*6,$+&'6&2?)*?$6,&2$/0*25*C
!Y
4%,2)/5/)'-#!6$&()*)75
!"#$%&$'()*&#$+,-*,
D.*%5,12'2]0*)&'>('VD.A/*%'%&2'/$%'2*6*%,+$+*%'K'6&2+,6,12
+*'0,'$.+,*26,$X
#*)0B5$0*',/.%5)$)'*/'#$%&':'6&2'+&%'5*<5&%'GBG/,6&%F'^%$B$%
>YC>!P=7'K'4O*%,&%':C"P>3C'8.*?&'.%5*+'9.*+*'$9/,6$)'*%5&'$
4O*%,&%'3C>\P>=C
!"#$#"% &'(&)*+,
>!'42'$-.*/'5,*09&'@$G)A'6,26&'6,.+$+*%'*2'/$'5,*))$
+*'4?,95&'-.*'@$G/*2'/$'/*2?.$'+*'D$2$A2F'K'-.*'I.)*2'9&)
_*@&LA'+*'/&%'*IJ)6,5&%`'.2$'%*)A'//$0$+$'/$'6,.+$+'+*'a*)*EC
>Y'42'$-.*/'5,*09&'@$G)A'$/5$)'9$)$'_*@&LA'*2'0*+,&
+*'/$'5,*))$'+*'4?,95&F'K'0&2.0*25&'$'_*@&LA'I.25&'$'%.
O)&25*)$C
=\'b'%*)A'9&)'%*c$/'K'9&)'5*%5,0&2,&'$'_*@&LA'+*'/&%
*IJ)6,5&%'*2'/$'5,*))$'+*'4?,95&`'9&)-.*'6/$0$)A2'$'_*@&LA
$'6$.%$'+*'%.%'&9)*%&)*%F'K'J/'/*%'*2L,$)A'%$/L$+&)'K'9)B26,9*
-.*'/&%'/,G)*C
=>'b'_*@&LA'%*)A'6&2&6,+&'+*'4?,95&F'K'/&%'+*'4?,95&
6&2&6*)A2' $' _*@&LA' *2' $-.*/' +B$F' K' @$)A2' %$6),O,6,&' K
&G/$6,12`'K'@$)A2'L&5&%'$'_*@&LAF'K'/&%'6.09/,)A2C
==' b' @*),)A' _*@&LA' $' 4?,95&`' @*),)A' K' %$2$)AF' K' %*
6&2L*)5,)A2'$'_*@&LAF'K'/*%'%*)A'6/*0*25*'K'/&%'%$2$)AC
=;' 42' $-.*/' 5,*09&' @$G)A' .2$' 6$/E$+$' +*' 4?,95&' $
Q%,),$F'K'$%,),&%'*25)$)A2'*2'4?,95&F'K'*?,96,&%'*2'Q%,),$`'K
/&%'*?,96,&%'%*)L,)A2'6&2'/&%'$%,),&%'$'_*@&LAC
=:'42'$-.*/'5,*09&'^%)$*/'%*)A'5*)6*)&'6&2'4?,95&'K
6&2'Q%,),$'9$)$'G*2+,6,12'*2'0*+,&'+*'/$'5,*))$`
=7' 9&)-.*' _*@&LA' +*' /&%' *IJ)6,5&%' /&%' G*2+*6,)A
+,6,*2+&('d*2+,5&'*/'9.*G/&'0B&'4?,95&F'K'*/'$%,),&'&G)$'+*
0,%'0$2&%F'*'^%)$*/'0,'@*)*+$+C
Y\
!"#$%&$'()*&#$+,-*,
R2$' 6),%,%' *2' */' e*+,&' f),*25*' 6$.5,L1' $/' 0.2+&' *25*)&' $
9),26,9,&%'+*'>YY>C'T*25,0,*25&%'0*E6/$+&%'+*',09&5*26,$'K
6&2-.,%5$F' /A%5,0$' K' 9&+*)F' +&/&)' K' +*%+J2' %*' @,6,*)&2' G,*2
*L,+*25*%'9&)'5&+&%'/&%'4%5$+&%'R2,+&%C'b&'5*2B$'-.*'9)*+,6$)
*2'/&%'6./5&%'+*'/$'6$9,//$'*2'*/'T*0,2$),&'+*'W$//$%'K'+*/'g@*$5&2
D&//*?*'I.%5&'*2'*%5*'5,*09&'6)B5,6&C'Q0G$%'*%6.*/$%'5*2B$2'?*25*
-.*'*%5$G$'*2'9)&'K'*2'6&25)$'+*'/$'?.*))$'*2'*/'h&/O&C
4/'5*<5&'-.*'*%6&?B'O.*'^%$B$%'>YC>!P=7C'W*%9.J%'+*'9$%$)
9&)'/&%'#$%&%'>'K'=F'//*?.J'$/'#$%&';C
8$' 9)&9&%,6,12' 6*25)$/' +*' *%5*' 5*<5&' *)$' 6&0&' %,?.*(' /&%
*2*0,?&%' +*' ^%)$*/' *2' */' e*+,&' f),*25*' %*' 6&2L*)5,)A2' $' .2$
%,5.$6,12'+*'9$65&'6&2'baga'*2'.2')*,2&'O.5.)&C
8$'9)&9&%,6,12'6*25)$/'+*'*%5*'5*<5&'9)&OJ5,6&F'5$/'6&0&'*%5AF
*%'+,%5$25*'Mi9$%$+&'K'O.5.)&jN'9*)&'5&+$LB$'O,?.)$'*2'/$'4%6),5.)$C
425&26*%F' +*G*' %*)' 9)*+,6$+&F' 9&)-.*' 5&+$' /$' 4%6),5.)$' *%
,2%9,)$+$'K'+*'G*2*O,6,&C
4/'9)&91%,5&'9.*25*'M#$%&':N'0*'$K.+1'$'+,%6*)2,)'*/'O&6&'K
O.*)E$'+*'0,'*L*25.$/'%*)012C'Q@&)$F'@$K'0.6@&%'9)&91%,5&%
-.*'%*'9.*+*2'9)*+,6$)'+*%+*'*%5*'5*<5&C'W*%9.J%'+*'9)*?.25$)
/$%'9)*?.25$%'+*'6&09$5,G,/,+$+F'$2&5J'.2&%'9&6&%'9)&91%,5&%'$
9$)5,)'+*'*%5*'5*<5&(
>C #)&G$)'-.*'/$'?)$6,$'%$/L$+&)$'+*'W,&%'$/6$2E$)A'$/?]2'+B$'$
/&%'*2*0,?&%'+*'^%)$*/
=C #)&L**)'+*'*%9*)$2E$'+*'-.*'*/'9)&G/*0$'9&/B5,6&'*2'*/'e*+,&
f),*25*'$/?]2'+B$'%*'L$'$')*%&/L*)
4%5&%'9)&91%,5&%'*)$2'6&09$5,G/*%'K'$9)&9,$+&%C'T,'$/6$2E$G$
*%5&%' 9)&91%,5&%F' @$G)B$' *2%*c$+&' /$' d,G/,$' K' &O)*6,+&' $/?.2$
*%9*)$2E$'$'/$'$.+,*26,$C
e*' @.G,*)$' ?.%5$+&' 9)*+,6$)' */' 9),0*)' 9)&91%,5&' $' .2$
$.+,*26,$'+*'6)*K*25*%'I.+B&%'$'9$)5,)'+*'%.'Q25,?.&'k*%5$0*25&C
a*'*2%*c$+&'*/'%*?.2+&'9)&91%,5&'$'.2$'$.+,*26,$'+*'6)*K*25*%
A)$G*%'*2'*/'e*+,&'f),*25*C'#*)&'*2'4%5$+&%'R2,+&%'+*6,+B'%*?.,)
.2'5*)6*)'9)&91%,5&C'4%5*'9)&91%,5&'5$0G,J2'+*GB$'%*)'6&09$5,G/*
6&2'*/'5*<5&'M/$'d,G/,$N'K'/$'$.+,*26,$'M.2$'$.+,*26,$'*%5$+&.2,+*2%*
+&/&),+$'K'+,L,+,+$NC'Q%B'-.*'*/$G&)J'/&'%,?.,*25*(';C'QK.+$)'$'0,
$.+,*26,$'$'5)$%6*2+*)'*/'9)*%*25*'5)$.0$'@,%51),6&'+*'?.*))$
Y>
4%,2)/5/)'-#!6$&()*)75
@$6,*2+&'9)&9,&%'/&%'9/$2*%'+*'W,&%'9$)$'*/'e*+,&'f),*25*'*2
.2')*,2&'O.5.)&C
U&5*'-.*'.%5*+'9.*+*'5*2*)'0A%'+*'.2'9)&91%,5&'9&)'5*<5&F'K
*2'6&2%*6.*26,$F'0A%'+*'.2'%*)012C'#*)&'2&'9.*+*'5*2*)'.2
2]0*)&',/,0,5$+&C'R%5*+'*%'/,G)*'9*)&'5$0G,J2'*%5A'/,0,5$+&'9&)
/$'9)&9&%,6,12'6*25)$/'+*/'5*<5&C'#.*+*'5*2*)'5$25&%'%*)0&2*%
6&0&'*/'2]0*)&'+*'9)&91%,5&%'-.*'/$'9)&9&%,6,12'6*25)$/'+*/
5*<5&'9*)0,5$C'W*G*'*%6&?*)'*/'9)&91%,5&'+*/'%*)012'K'%,25&2,E$)/&
6&2'/$'$.+,*26,$'$'/$'-.*'L$'$'0,2,%5)$)C3
-./"01"% 2(3*&4
a$K'9&)'/&'0*2&%'5)*%'9)&91%,5&%'-.*'.2&'9.*+*'9)*+,6$)'$
9$)5,)'+*'/$'9)&9&%,6,12'6*25)$/'+*'4O*%,&%':C"P>3'M)*L,%*'%.%'2&5$%
+*/'#$%&';'9$)$'*%5$'#DkNC'Q-.B'*%5A2'/&%'9)&91%,5&%(
>C ^2O&)0$)'$'/$'?*25*'+*'/&%'+&2*%'+*'5&+&'6)*K*25*'*2'*/'6.*)9&
+*'D),%5&
=C W*%$O,$)'$'/&%'/B+*)*%'+*'/$',?/*%,$'$'*-.,9$)'$'/&%'6)*K*25*%
9$)$'%*)L,)
;C W*%$O,$)'$'/&%'6)*K*25*%'$'*25*2+*)'K'$9/,6$)'*/'9/$2'+*'W,&%
9$)$'6$+$'0,*0G)&'9$)$'/$'*+,O,6$6,12'+*/'6.*)9&'*2'%.%
,?/*%,$%
b&' *%6&?B' */' 9)&91%,5&' 2]0*)&' 5)*%' G$%$+&' *2' .2' O$65&)
?*2*)$/'K'*2'.2'O$65&)'*%9*6BO,6&C'42'?*2*)$/F'9)*O*),)B$'9)*+,6$)
.2'9)&91%,5&')*/$6,&2$+&'6&2'*/'6&09&)5$0,*25&'-.*'.2'0*)&
9)&91%,5&' 6&?2,5,L&C' h*2*)$/0*25*F' */' 9)&91%,5&' +*
6&09&)5$0,*25&' %*' 6&2%5).K*' %&G)*' /$' ,2O&)0$6,12' GBG/,6$' +*
0&+&' -.*' 9.*+&' /&?)$)' O,+*/,+$+' $/' 9)&91%,5&' 6&?2,5,L&' &' +*
6&25*2,+&'$%B'6&0&'9*+,)'6$0G,&%'*2'/$'L,+$'+*/'&K*25*C
4%9*6BO,6$0*25*F'2*6*%,5$G$'5*2*)'*2'6.*25$'/$'$.+,*26,$'+*
0,',?/*%,$'K'%.%'2*6*%,+$+*%C'4/'9)&91%,5&';'*26$I$G$'G,*2'*2'/$
%,5.$6,12' +*' 0,' ,?/*%,$C' 42' &5)&%' /.?$)*%' 6.$2+&' 0*' +,),I&
%&/$0*25*'$'/B+*)*%'*6/*%,A%5,6&%F'%,?&'*/'9)&91%,5&'=C'4%5&'*%F
9.*+&'9)*+,6$)'*/'0,%0&'5*<5&'+*'+&%'0$2*)$%'$'+&%'$.+,*26,$%
+,O*)*25*%F' %,' G,*2' /$%' 9$)5*%' %.G%5$26,$/*%' +*/' %*)012' %*)A2
%,0,/$)*%C
Y=
!"#$%&$'()*&#$+,-*,
5670809#9:
Q25*%'+*'%*?.,)'/*K*2+&F'*/$G&)*'.2'9)&91%,5&'9.*25*
G$%$+&' *2' %.' 9)&9&%,6,12' 6*25)$/' +*' 4O*%,&%' 3C>\P>=C
k*2?$' *2' 6.*25$' /$%' 2*6*%,+$+*%' K' 6&2+,6,12' +*' %.
$.+,*26,$C'D&2%5).K$'.2'9)&91%,5&'9.*25*'6&0*2E$2+&
6&2'/$'9$/$G)$'Z9$)$CCC['8$%'+*6/$)$6,&2*%'+*'9)&91%,5&
%,*09)*'L$2'$'6&25*2*)'/$'9$/$G)$'!,",C'R%5*+'9.*+*'5*2*)
L$),&%' 9)&91%,5&%' 9&%,G/*%' 9$)$' %.' #DkC' Q@&)$' %,?$
/*K*2+&C
8$'9)&9&%,6,12'6*25)$/'+*'*%5*'5*<5&'M#$%&';N'%*)A'0A%
&'0*2&%'$%B(
=)7,('/$%')$E&2*%'9$)$'L*%5,)%*'5&+$'/$'$)0$+.)$'+*/
9&+*)'+*'/$'O.*)E$'+*'W,&%
>/?,%&%(' CCC' 2&%' $K.+$2' 9$)$' *%5$)' O,)0*%' 6&25)$' /$%
$%*6@$2E$%'+*/'+,$G/&'K'$'/.6@$)'6&25)$'*/'%,%5*0$'+*/'+,$G/&
6).+,",.&$/*.#7!+)',('L*%5,)2&%'+*'5&+$'/$'$)0$+.)$
+*/'9&+*)'+*'/$'O.*)E$'+*'W,&%'2&%'$K.+$'$'*%5$)'O,)0*%
6&25)$'/$%'$%*6@$2E$%'+*/'+,$G/&'K'$'9*/*$)'6&25)$'*/'%,%5*0$
+*/'+,$G/&
VD.A/*%'%&2'$/?.2&%'+*'/&%'9)&91%,5&%'-.*'.%5*+'9.*+*
9)*+,6$)'$'9$)5,)'+*'*%5$'9)&9&%,6,12'6*25)$/'M#$%&':NX'Q-.B
@$K'.2'9$)(
>C ^2O&)0$)'$'/$%'9*)%&2$%'$6*)6$'+*'/$%'&G)$%'K'6$0,2&%
+*/'+,$G/&
=C e&5,L$)' $' /$%' 9*)%&2$%' $' L*%5,)%*' /$' $)0$+.)$' +*/
9&+*)'+*/'T*c&)'*2'%.'/.6@$'6&25)$'*/'+,$G/&
Q0G&%'9)&91%,5&%'*%5A2'*<5)$B+&%'/*?B5,0$0*25*'+*'*%5*
5*<5&C'4/'9),0*)&'*%5A'&),*25$+&'$/'6&25*2,+&`'*/'%*?.2+&
*%5A' &),*25$+&' $' /$' 6&2+.65$C' b&' *%6&?*)B$' */' %*?.2+&
9)&91%,5&'9&)'+&%')$E&2*%C'R2&F'0,*25)$%'-.*'9)&6.)&'*/
9)&91%,5&' +*' 6&2+.65$F' 9.*+&' 6.G),)' */' 9)&91%,5&' +*
6&25*2,+&C' k$0G,J2F' */' 9)&91%,5&' +*' *%5*' 5*<5&' *%' 0A%
$09/,&' -.*' /$' %,09/*' +,%*0,2$6,12' +*/' 6&25*2,+&C' W&%F
Y;
4%,2)/5/)'-#!6$&()*)75
/$%'2*6*%,+$+*%'+*'0,'$.+,*26,$'*%5A2'0A%'*2'/B2*$'6&2
610&'/.6@$)'6&25)$'T$5$2A%'-.*'6&2'%,09/*0*25*'%$G*)
$/?&'0A%'$6*)6$'+*'J/C'eA%'9)*6,%$0*25*F'*/'9)&91%,5&'2&
*%'0&%5)$)/*%'*/'-.J'K'610&'+*'L*%5,)%*'5&+$'/$'$)0$+.)$
+*' W,&%' H*%&' L,*2*' *2' /&%' L*)%B6./&%' >;P>"C' U&%
-.*+$0&%' *%5),65$0*25*' 6&2' */' 9)&91%,5&' -.*' &O)*6*' /$
9)&9&%,6,12'6*25)$/'+*/'5*<5&H'9&)'-.J'+*G*2'L*%5,)%*'/$
$)0$+.)$'+*/'9&+*)'+*'W,&%C
@/* A&%',:#* ,+* %&84&)/')* !,%#* BC,%#* DE(' T.' +*6/$)$6,12' +*

9)&91%,5&'6$%,'%,*09)*'9)&L**)AF'*2'O&)0$'*/*0*25$/F'+*/'5*0$
+*'/$'9)&9&%,6,12'6*25)$/'+*/'%*)012C
Y:
!"#$%&$&'()(*+#),+-%".#/,.#',%0*+
!"#$%&$&'()(*+
),+-%".#/,.#',%0*+
1.#2)&%"3*+4#/,.#',%0*+ 5
#$%&'()'#*+,-./+'+0'%+*123
#$%&'4)'5%6*/76/*+'+0'%+*123
#$%&'")'8$'9*&9&%-7-23'7+36*$0',+0'%+*123
#$%&':)'50'9*&92%-6&'9/+36+
#$%&';)'8$'9*&9&%-7-23'7+36*$0',+0'6+<6&
#$%&'=)'5%6*/76/*+'+0'6+<6&
#$%&'>)'5%6/,-+'+0'6+<6&
53'0&%'#$%&%'>?;'+37&36*$1&%'0$%'1$6+*-$%'9*-1$%'@
0$'9*&9&%-7-23'7+36*$0',+0'6+<6&A'B+1&%'C&*1/0$,&'0$
,-*+77-23' +3' 0$' ./+' +%$' 9*&9&%-7-23' 3+7+%-6$' %+*
7&3C&*1$,$' +3' &*,+3' $' -19$76$*' $' 3/+%6*$' D+36+
E#$%&' :FA' 8&%' %-D/-+36+%' 6*+%' 9$%&%' 9*+%+36$3' $0
9*&,/76&'6+*1-3$,&'./+'/%6+,'G$'$'9*+,-7$*A
8&%'#$%&%'"?('%&3'9$%&%'C/3,$1+36$0+%'6$1H-I3A
J%6+,'9/+,+'K$7+*'0&%'9$%&%'>?;'@'+3%+L$*'0$'G+*,$,
HMH0-7$A'J%6+,'9/+,+'$D*+D$*'+0'#$%&':'@'9*&70$1$*
0$%',+1$3,$%'HMH0-7$%A'#+*&'0&%'#$%&%'"?('0&'$@/,$*N3
$'9*&70$1$*'0$'G+*,$,'@'0$'$90-7$7-23'HMH0-7$%',+'/3$
1$3+*$'9+*6-3+36+'@'9+*%/$%-G$A
!"
5%,/()")(*+#16$&'(-(7"
53'+0'#$%&'"O'6*$6$1&%'7&3'0$'!"#!#$%&%'()&*(+",-).*-)$*"/'(
E#PQFA'R./M'0$'9*&9&%-7-23'7+36*$0',+0'6+<6&'E#$%&';F'+%'7$3$0-S$,$
$'6*$GI%',+0'9*&92%-6&'E#$%&':FA'8/+D&'+%'7&36+19&*-S$,$'9&*'0$
9*&9&%-7-23'7+36*$0',+0'%+*123O'9$*$'9*&,/7-*'&H+,-+37-$'$'0$%
,+1$3,$%',+'T-&%A'8$'#PQ'0&'00+G$'$'0&%'$%9+76&%'K&1-0I6-7&%
,+0'9*&7+%&',+'9*+9$*$7-23',+0'%+*123A
T-%C*/6+' ,+' $0D/3&%' 9*+,-7$,&*+%' H-+3' 7&3&7-,&%' K$H0$3,&
,+'0$'-19&*6$37-$',+'0$'9*&9&%-7-23'7+36*$0',+0'%+*123)
50'%+*123O'7&1&'9$0$H*$'G-G-+36+',+'T-&%'$'%/'9/+H0&O',+H+
K$7+*'%/'-19$76&'%&H*+'+00&%'$./M'@'$K&*$A'500&%'3&'*+7&*,$*N3
0&%',+6$00+%A'U&',+H+1&%'+%9+*$*'./+'0&'K$D$3A'#+*&'+00&%
*+7&*,$*N3' +0' 9+3%$1-+36&' ,&1-3$36+O' 9&*./+' 6&,&%' 0&%
,+6$00+%',+0'%+*123'%+'K$3'&*,+3$,&'9$*$'$@/,$*0&%'$'7$96$*
%/'1+3%$V+'@'%+36-*'%/'9&,+*A
W&K3'XAYA'Q6&66O
''''''0)1*-%*2*)%()3"*,&4%(56)=="
50'6+1$'*+%9&3,+'$'0$'9*+D/36$)'Z,+'./I'%+'6*$6$'+0'%+*123[AAA
\$'%+$'./+'+0'%+*123'6+3D$',&%'9/36&%'&',-+S'9/36&%O',+H+
6+3+*'/3'9/36&]'6-+3+'./+'%+*'$7+*7$',+'$0D&A
W&K3'RA'^*&$,/%O
7()+4*)3"*!,",+%#(),(.)8*-%2*"9)#:),);*"/#(O';_
8$'9*-1+*$'7&%$'$0'7&3C+77-&3$*'/3'%+*123O'+0'%-3+'./$'3&3O
+%' 0$' -,+$A' U&' 9/+,+' K$H+*' /3' ' %+*123' ./+' 3&' K$@$' %-,&
9*+7+,-,&'9*-1+*&'9&*'/3$'-,+$'&'/3'6+1$A'50'3&G+0-%6$'B+3*@
W$1+%' 00$12' $' 0$' -,+$O' +3' 0$' 7&19&%-7-23' ,+' *+0$6&%O' +0
`D+*1+3Aa'5%'+0'7&1-+3S&'D+*1-3$0O'+0'9/36&',+'7&37+97-23O
,-7+O'9$*$'6&,$'&H*$',+'$*6+'&'7*+$7-23A'8&'1-%1&'+%'G+*,$,
+3' 7/$36&' $' 0$' -,+$' ,+0' %+*123]' +%' +0' D+*1+3O' +0
,-%7+*3-1-+36&O',+0'./+'+G+36/$01+36+'%+',+%$**&00$*N'6&,&
+0'%+*123A
'''''W&K3'b-00-3D+*O>
<=(.,/*(+,-$)#:)3"*,&4%(5O'::
8$%'0M3+$%',+'WABA'W&c+66'%&H*+'+%6+'6+1$'+3'%/%'`P&3C+*+37-$%
\$0+'%&H*+'#*+,-7$7-23a'%&3'C$1&%$%'E7-6$,$%'9&*'Q6&66O'X&H-3%&3
!4
!"#$%&$&'()(*+#),+-%".#/,.#',%0*+
@'&6*&%F)
d+3D&'0$'7&3G-77-23',+'./+'3-3De3'%+*123'+%6N'0-%6&'9$*$'%+*
9*+,-7$,&O' 3-' 0-%6&' 9$*$' %+*' +%7*-6&O' K$%6$' ./+' 9&,$1&%
+<9*+%$*' %/' 6+1$' +3' /3$' &*$7-23' 7&*6$' @' ,+3%$O' 6$3' 70$*$
7&1&'/3'7*-%6$0A
537/+36*&'./+'0$'&H6+37-23',+'+%$'&*$7-23'+%'0$'0$H&*'1N%
,/*$O' 1N%' ,+1$3,$36+' @' 1N%' C*/76MC+*$' +3' 1-' +%6/,-&A
f&6-G$*%+'/3&'$'7&3C+77-&3$*'+%$'&*$7-23O'$',+V$*',+'0$,&
6&,$'9$0$H*$'./+'%+$'G$D$O'6&%7$'@'$1H-D/$]'-1$D-3$*'/3&
1-%1&'/3$'C&*1$',+'9$0$H*$%'./+',+C-3$'+0'6+1$'7&3'+<$76-6/,
+%7*/9/0&%$'g+%6&'+%'%+D/*$1+36+'/3&',+'0&%'C$76&*+%'1N%
G-6$0+%'@'+%+37-$0+%'+3'0$'7&3C+77-23',+'/3'%+*123)'@'9-+3%&
./+'3-3De3'%+*123',+H+*M$'%+*'9*+,-7$,&'&'-370/%&'+%7*-6&O
K$%6$'./+'+%$'&*$7-23'K$@$'+1+*D-,&O'70$*$'@'0e7-,$'7&1&
/3$'0/3$'%-3'3/H+%A
'WABA'W&c+66O
>4*)3"*,&4*"?)@%$)A%:*),(.)B#"CO'>;;
5%&/8)(,+/&#."#59:
5%'CN7-0'+3C$6-S$*'0$'3+7+%-,$,'+'-19&*6$37-$',+'0$'9*&9&%-7-23
7+36*$0' ,+0' %+*123A' h50' 9*&H0+1$O' 9&*' %/9/+%6&O' +%6N' +3
9*&,/7-*0$i'8$'%+*-+',+'9$%&%'+3'+0'9*&7+%&',+'0$'+<9&%-7-23'HMH0-7$
,+H+*M$',$*0+'$'/%6+,'/3'1+7$3-%1&'9&*'+0'7/$0'9/+,$'$**-H$*'$
0$' 9*&9&%-7-23' 7+36*$0' ,+0' %+*123A' 5%6&%' 9$%&%' %+' 7&3%6*/@+3
/3&'$**-H$',+0'&6*&'@'%&3'%+7/+37-$0+%A
50'9*&7+%&'+%6N'7&190+6$1+36+'-36+D*$,&A'U/+%6*&'+%6/,-&
E#$%&'>F'@'+%6*/76/*$'E#$%&'=F'-3C0/@+3'%&H*+'0$'9*&9&%-7-23'7+36*$0
,+0'6+<6&'E#$%&';FA'8$'#Pd'-3C0/@+'%&H*+'+0'9*&92%-6&',+0'%+*123
E#$%&':FA'R'9$*6-*',+0'9*&92%-6&',+0'%+*123O'6+3+1&%'./+'$*6-7/0$*
0$'9*&9&%-7-23'7+36*$0',+0'%+*123'E#$%&'"FA
J%6+,'@$'7&3&7+'0$'1+7N3-7$'9$*$'+37&36*$*'0$'9*&9&%-7-23
7+36*$0'EG+*'#$%&';FA'R%M'7&1&'+0'6+<6&'6-+3+'/3'6+1$jI3C$%-%
%-3D/0$*O'%/'%+*123',+H+'6+3+*'/3'6+1$jI3C$%-%'%-3D/0$*'6$1H-I3A=
#$*$'0$'#PQO'/%6+,'9*+D/36$'%/%'9*&9-$%'9*+D/36$%'70$G+%'1N%
H-+3'./+'0$%',+0'$/6&*'HMH0-7&A
!(
5%,/()")(*+#16$&'(-(7"
!"#$%&$&'()(*+#),+-%".#/,.#',%0*+
>*/,)'Z,+'./I'+%6&@'K$H0$3,&[
D(:,$%$)'Z./I'+%'0&'./+'+%6&@',-7-+3,&'$7+*7$',+'0&'./+'+%6&@
K$H0$3,&[
R./M'K$@'/3$'9-%6$'-19&*6$36+'9$*$'+0',+%$**&00&',+'%/'6+1$)
$%*/!"*)*$)!#$%E-*)+",($:#"/,")*-)!"#!'$%+#).*-)$*"/'()*()*-
+*/,).*-)$*"/'(A
k&@'$'-0/%6*$*'+%6&'/%$3,&'+0'#Pd',+'5C+%-&%':A>>?>4A'EU&6+
./+'+%6&@'K$7-+3,&'+%6+'9$%&'%20&'9$*$'0&%'G+*%M7/0&%'>>?>4O'$
C-3',+'-0/%6*$*'./+'9&,+1&%'+%6/,-$*'%+D1+36&%',+'/3'9N**$C&
,-D3&%',+'6&,&'/3'%+*123A'5%'1N%O'h3&'./-+*&',$*0+'6&,$%'0$%
*+%9/+%6$%',+'/3$'G+Si'Z#/+,+'/%6+,',-%6-3D/-*'+36*+'0$'#Pd',+
0&%'G+*%M7/0&%'(?>4'@',+'0&%'G+*%M7/0&%'>>?>4[
#$%&'; >*/,)'+0'90$3',+'P*-%6&'9$*$'+,-C-7$*'0$'-D0+%-$
+3'1$,/*+S
D(:,$%$)' +./-9$*' $' 6&,&%' 0&%' 7*+@+36+%' 9$*$
7*+7+*'@'C/37-&3$*'+3'+0'7/+*9&
#$%&': 50'9*&92%-6&',+0'%+*123'E+0'9*&92%-6&'9/+,+
$%/1-*'7/$0./-+*'3e1+*&',+'D-*&%',+36*&',+
0&%' 9$*N1+6*&%' ,+' 0$' #PdF)' ,+%$C-$*' $' 0&%
7*+@+36+%'$'$90-7$*'+0'90$3',+'P*-%6&'9$*$'7$,$
1-+1H*&O'7&3'1-*$%'$'0$'+,-C-7$7-23'+%9-*-6/$0
,+'%/'7&3D*+D$7-23
#$%&'" 8$'9*&9&%-7-23'7+36*$0',+0'%+*123'E+3'C&*1$
+0+1+36$0O'9&,+1&%'6*$3%C&*1$*'+0'9*&92%-6&
+3' +0' 6+1$' ,+' 0$' #PQ' +3' 0$' C&*1$' ,+' /3$
9*+D/36$F)'ZP/N0'+%'+0'90$3',+'P*-%6&'9$*$'7$,$
1-+1H*&' +3' 7/$36&' $' 0$' +,-C-7$7-23' ,+0
7/+*9&[
5%'$./M'./+'7&1+3S$1&%'$'`7&36+19&*-S$*a
0$'+0+1+36$0'9*&9&%-7-23'7+36*$0',+0'%+*123
!_
!"#$%&$&'()(*+#),+-%".#/,.#',%0*+
+3'/3'+%6-0&'1/7K&'1N%'$9+0$,&*'@'K&1-0I6-7&A
#+*&' 0$' G+*,$,' D+*1-3$0' $7+*7$' ,+' 0$' ./+
+%6$*+1&%'9*+,-7$3,&'+%'`50'90$3'./+'P*-%6&
6-+3+' 9$*$' 7$,$' 1-+1H*&O' 7&3' 1-*$%' $' 0$
+,-C-7$7-23',+0'7/+*9&',+'P*-%6&Aa
U&6+'./+'+0'I3C$%-%',+'0$'#PQ'9/+,+'$%/1-*'/3'3e1+*&',+
C&*1$%)
>A 50'6+1$'9/+,+'6+3+*'./+'%+*'!"#E,.#'0+G$36$3,&'0$'9*+D/36$)
Z5%6+' 90$3' ,-G-3&' *+%/06$' *+$01+36+' +3' 0$' +,-C-7$7-23' ,+0
7/+*9&['Q+D/*$1+36+'0$'9*/+H$'%+*N'+0'I3C$%-%'9*-37-9$0'%-
/3&'+%6N'9*+,-7$3,&'%20&'0&%'G+*%M7/0&%'>>'$0'>4A
=A 50'6+1$'9/+,+'6+3+*'./+'%+*'*F!-%&,.#'7&1&'+3'+0'7$%&',+0
6+1$' @' I3C$%-%' ,$,&' $**-H$A' 8&%' 9/36&%' +3' +0' %+*123
+<90-7$*N3'+%6+'6+1$'&'-370/%&'6&,$'0$'9*&9&%-7-23A
;A 8$'#PQ'9/+,+'6+3+*'/3'G(:,$%$)/H-+%!-*'+3'7/$36&'$0'6+1$A
#&*'+V+190&O'9$*$'5C+%-&%':A(?>4'+0'6+1$'`50'90$3',+'P*-%6&
9$*$'0$'1$,/*+S',+'0$'-D0+%-$a'6-+3+'6*+%',-1+3%-&3+%)
l3C$%-%) >'AAA'EGGA'(?>>F
='AAA'EGGA'>=?>;F
;'AAA'EGGA'>:?>4F
\&'+%7&DM'+0'e06-1&'Ì3C$%-%'1e06-90+a'7&1&'0$'C&*1$',+'1-
#PQ',$,&'./+'+0'9$%$V+'CN7-01+36+'%+',-G-,+'+3'6*+%A'T-%7+*3-1&%
+%6$',-G-%-23'CN7-0'$'9$*6-*',+'0$'+%6*/76/*$',+0'9$%$V+'EG+*'#$%&'=O
9ND-3$%'mmmFA
R%M'./+'9*+%+36&'0&'%-D/-+36+'7&1&'0$'9*&9&%-7-23'7+36*$0',+0
%+*123'9$*$'5C+%-&%':A(?>4)
>*/,) 50'90$3',-G-3&'9$*$'0$'+,-C-7$7-23',+0'7/+*9&
D(:,$%$) >A'8$'*+%9&3%$H-0-,$,',+0'Q+L&*'+%',&6$*'$'0$
-D0+%-$'E:A(?>>F
!!
5%,/()")(*+#16$&'(-(7"
=A'8$'*+%9&3%$H-0-,$,',+0'0M,+*'+%'+./-9$*'$'0$
-D0+%-$'E:A>=?>;F
;A'8$'*+%9&3%$H-0-,$,',+0'7*+@+36+'+%'K$H-0-6$*
$'0$'-D0+%-$'E:A>:?>4F
J%6+,'9/+,+'./+*+*'7&19$*$*'+%6$'9*&9&%-7-23'7+36*$0'7&3'+0
#$%&';'%&H*+'+0'1-%1&'6+<6&',$,&'7&3'$36+*-&*-,$,'E9ND-3$'mmmFA
9&+-,0$&%(3")(*+
B$@'G$*-&%'N3D/0&%'./+',+H+3'%+*'6+3-,&%'+3'7/+36$'+3'0$
7&36+19&*-S$7-23A;
!"#$%&'"()*+,)-#./%.0+.'("'"1),)-#
U&6$*N'./+'+3'0$'#PQ'./+',+%$**&00I'$**-H$'g50'90$3',-G-3&
9$*$' 0$' +,-C-7$7-23' ,+0' 7/+*9&g' 6*$6I' ,+' `7&36+19&*-S$*a' 0$
,+70$*$7-23' 7&3' $0D/3$%' 9$0$H*$%' $6*$9$36+%O' 7&1&' !-,(' @
*.%:%&,&%'().*-)&=*"!#O'./+'9/+,+3'7&1/3-7$*'1N%'GMG-,$1+36+
1-' 9*&9&%-7-23A' P&36+19&*-S$*' +%' `K$7+*' 7&36+19&*N3+&Aa
5%6$%'`7&36+19&*-S$7-&3+%a'%+'9+D$3'+3'0$'1+36+',+'0&%'./+
+%7/7K$3A'T-7K&'%+$',+'9$%&O'+0'6+1$',+'0$'#PQ'%+',/90-7$'7&1&
+0'6M6/0&',+'1-'%+*123A
!"#$%&'"()*+,)-#./%.0+1.'+0+2(+1
5%6&'+%'HN%-7$1+36+'/3$'$76/$0-S$7-23',+0'G&7$H/0$*-&'9$*$
+C+76&'+'-19$76&A'J6-0-S$1&%'$0D/3$%'9&7$%'9$0$H*$%'`$6*$9$36+%Aa
U&'K$@'0M1-6+%'+3'7/$36&'K$%6$',23,+'9/+,+'+0'9*+,-7$,&*'/%$*
%/' -1$D-3$7-23' @' 0$' ,+' %/' $/,-+37-$' 9$*$' +37&36*$*' 9$0$H*$%
-19$76$36+%'9$*$'0$'9*&9&%-7-23'7+36*$0',+0'%+*123A
!"#$%&'"()*+,)-#./%.0+.+3/)%#,)+
J%6+,'3&'+%6N'K$H0$3,&'$'0&%'+C+%-&%'&'$'0$'$/,-+37-$',+'f&-%I%A
J%6+,'+%6N'K$H0$3,&'$'%/'9*&9-$'7&3D*+D$7-23A'Q/'#PQ'@'9/36&%
9*-37-9$0+%'6-+3+3'./+'%+*'9+*%&3$0-S$,&%A'#&*'+V+190&O'+3'0/D$*
>nn
!"#$%&$&'()(*+#),+-%".#/,.#',%0*+
,+',+7-*)'`8&%'+C+%-&%'C/+*&3',+%$C-$,&%'AAAOa'/%6+,',-*N)'Ù&%&6*&%
%&1&%' ,+%$C-$,&%Aa' 8$' 9*&9&%-7-23' 7+36*$0' ,+' %/' %+*123' 0+
9+*1-6+'$'%/'%+*123'%+*'/3'*$@&'0N%+*',-*-D-,&'$'+%6$'$/,-+37-$
+%9+7MC-7$O' 1N%' ./+' /3$' 0/S' ,+' C$*&' ,-*-D-,$' $' /3$' $/,-+37-$
D+3I*-7$A'8$'#PQ'%-+19*+'+%6N'H$%$,$'%&H*+'+0'6+<6&'7&1&'/3$
C/+36+',+'0/S'$/6&*-6$6-G$A
X+9$%+'+0'R9I3,-7+':O'`8&%'9+0-D*&%',+'0$'9*-37-9$0-S$7-23Oa
9$*$'+%6$*'%+D/*&',+'./+'3&'+%6N'%-190+1+36+'/3-G+*%$0-S$3,&'0$
9*&9&%-7-23'7+36*$0'$'0$'$H%6*$77-23'1N%'$190-$'9&%-H0+'9$*$'%+*
*+0+G$36+A'U/+G$1+36+O'/%6+,'9/+,+'9+*,+*'+0'7&36+<6&',+0'6+<6&
%-' +%6N' -36+36$3,&' %-+19*+' /3-G+*%$0-S$*' /3$' 9*&9&%-7-23' &
9*-37-9$0-S$*0$'+3'/3$'G+*,$,'+6+*3$A'5%7/7KI'/3'%+*123'%&H*+
RH*$K$1'$'9$*6-*',+'B+H*+&%'>>O'./+'K$H0$H$',+'721&'%+*'/3
H/+3'9$,*+A'U&'+%6&@'+3'7&36*$',+'%+*'/3'H/+3'9$,*+A'd$19&7&
7/+%6-&3&'0$'*+0+G$37-$',+0'6+1$'9$*$'0$'$/,-+37-$A'8$'7/+%6-23
+%O'ZD$*$36-S$'+0'6+<6&'+0'6+1$['U&A'P&3%-D/-+36+1+36+O'C/+'/3
H/+3'%+*123'%&H*+'/3'629-7&'`7$0-+36+Oa'9+*&'%-3'$/6&*-,$,'$
9$*6-*',+0'6+<6&'./+'%/9/+%6$1+36+'+*$'%/'H$%+A
J%6+,'6$1H-I3'7&36+19&*-S$*N'%/'$90-7$7-23'$'9$*6-*',+'+%6$
9*&9&%-7-23'7+36*$0A'5%6&'%+'7/H*-*N'+3'+0'#$%&'4O'`5%6*/76/*+'+0
%+*123Aa
40)$%(+,)-#
53'+0'6*-90+'I3C$%-%',+'1-'9*&9&%-7-23'7+36*$0',+'5C+%-&%':A(?
>4O'K+'9*&7/*$,&'$0-6+*$*'9$0$H*$%'-19&*6$36+%',+'1&,&'./+'0$
D+36+'9/+,$'*+7&*,$*'0&%'9/36&%'9*-37-9$0+%)'.*-);*I#"6).*-)-J.*"6
.*-)&"*9*(+*K).#+,"6)*L=%!,"6)4,E%-%+,"A'Q-'H-+3'0$'7&36+19&*-S$7-23
+%'%-+19*+'H/+3$'@'3+7+%$*-$O'0$'$0-6+*$7-23'9/+,+'3&'%+*0&A'R
G+7+%' 0&%' 9*+,-7$,&*+%' 9-+3%$3' ./+' ,+H+' $0-6+*$*0&' 6&,&A' h8$
$0-6+*$7-23'+%'9$*$'$@/,$*'$0'%+*123'@'3&'9$*$'$H/%$*',+0'6+<6&i
8$'$0-6+*$7-23'+%'H/+3$'%-'K$7+'./+'0$'9*&9&%-7-23'7+36*$0'@'0&%
9/36&%'9*-37-9$0+%'%+$3'1+3&%'&%7/*&%'@'1N%'*+7&*,$H0+%A
;+"#(.8'-%")(*+#/,#)&+-,0$&%(3")(*+
Q-D$'9*&7/*$3,&'0$'7&36+19&*-S$7-23',+'0$%'9$0$H*$%'9$*$'%/
$/,-+37-$O' ,+' 1&,&' ./+' 0$' #PQ' 9/+,$' %+*' *+7&*,$,$' @' %+$
>n>
5%,/()")(*+#16$&'(-(7"
9+*6-3+36+' 9$*$' %/' D+36+A' 5%6$' +%' /3$' 7/+%6-23' ,+' `+%6-0&Aa' R
1+,-,$' ./+' /%6+,' &H6-+3+' /3$' 1$@&*' 7&19*+3%-23' ,+' %/
$/,-+37-$O' %$H*N' 721&' +<9*+%$*' %/' 9*&9&%-7-23' 7+36*$0' +3' %/
0+3D/$V+A'#+*1-6$'-0/%6*$*'+0'9*&7+%&O'/%$3,&'R9&7$0-9%-%':A>?
>>A'8+$'+0'9$%$V+'9$*$'+36+3,+*'1-'#PQA
>'T+%9/I%',+'+%6&'1-*IO'@'K+'$./M'/3$'9/+*6$'$H-+*6$'+3'+0
7-+0&]'@'0$'9*-1+*$'G&S'./+'&MO'7&1&',+'6*&19+6$O'K$H0$3,&
7&31-D&O' ,-V&)' Q/H+' $7NO' @' @&' 6+' 1&%6*$*I' 0$%' 7&%$%' ./+
%/7+,+*N3',+%9/I%',+'+%6$%A
=' \' $0' -3%6$36+' @&' +%6$H$' +3' +0' 5%9M*-6/]' @' K+' $./MO' /3
6*&3&'+%6$H0+7-,&'+3'+0'7-+0&O'@'+3'+0'6*&3&O'/3&'%+36$,&A
;'\'+0'$%9+76&',+0'./+'+%6$H$'%+36$,&O'+*$'%+1+V$36+'$
9-+,*$',+'V$%9+'@',+'7&*3$0-3$]'@'K$HM$'$0*+,+,&*',+0'6*&3&'/3
$*7&'-*-%O'%+1+V$36+'+3'$%9+76&'$'0$'+%1+*$0,$A
:' \' $0*+,+,&*' ,+0' 6*&3&' K$HM$' G+-36-7/$6*&' 6*&3&%]' @' G-
%+36$,&%'+3'0&%'6*&3&%'$'G+-36-7/$6*&'$37-$3&%O'G+%6-,&%',+
*&9$%'H0$37$%O'7&3'7&*&3$%',+'&*&'+3'%/%'7$H+S$%A
"' \' ,+0' 6*&3&' %$0M$3' *+0N19$D&%' @' 6*/+3&%' @' G&7+%]' @
,+0$36+',+0'6*&3&'$*,M$3'%-+6+'0N19$*$%',+'C/+D&O'0$%'7/$0+%
%&3'0&%'%-+6+'+%9M*-6/%',+'T-&%A
4' \' ,+0$36+' ,+0' 6*&3&' K$HM$' 7&1&' /3' 1$*' ,+' G-,*-&
%+1+V$36+'$0'7*-%6$0]'@'V/36&'$0'6*&3&O'@'$0*+,+,&*',+0'6*&3&O
7/$6*&'%+*+%'G-G-+36+%'00+3&%',+'&V&%',+0$36+'@',+6*N%A
('50'9*-1+*'%+*'G-G-+36+'+*$'%+1+V$36+'$'/3'0+23]'+0'%+D/3,&
+*$'%+1+V$36+'$'/3'H+7+**&]'+0'6+*7+*&'6+3M$'*&%6*&'7&1&',+
K&1H*+]'@'+0'7/$*6&'+*$'%+1+V$36+'$'/3'ND/-0$'G&0$3,&A
_'\'0&%'7/$6*&'%+*+%'G-G-+36+%'6+3M$3'7$,$'/3&'%+-%'$0$%O'@
$0*+,+,&*'@'9&*',+36*&'+%6$H$3'00+3&%',+'&V&%]'@'3&'7+%$H$3
,M$'@'3&7K+',+',+7-*)
Q$36&O'%$36&O'%$36&'+%'+0'Q+L&*'T-&%'d&,&9&,+*&%&O'+0'./+
+*$O'+0'./+'+%O'@'+0'./+'K$',+'G+3-*A
!'\'%-+19*+'./+'$./+00&%'%+*+%'G-G-+36+%',$3'D0&*-$'@'K&3*$
@'$77-23',+'D*$7-$%'$0'./+'+%6N'%+36$,&'+3'+0'6*&3&O'$0'./+
G-G+'9&*'0&%'%-D0&%',+'0&%'%-D0&%O
>n'0&%'G+-36-7/$6*&'$37-$3&%'%+'9&%6*$3',+0$36+',+0'./+
+%6N'%+36$,&'+3'+0'6*&3&O'@'$,&*$3'$0'./+'G-G+'9&*'0&%'%-D0&%
,+'0&%'%-D0&%O'@'+7K$3'%/%'7&*&3$%',+0$36+',+0'6*&3&O',-7-+3,&)
>>'Q+L&*O',-D3&'+*+%',+'*+7-H-*'0$'D0&*-$'@'0$'K&3*$'@'+0
>n=
!"#$%&$&'()(*+#),+-%".#/,.#',%0*+
9&,+*]'9&*./+'6e'7*+$%6+'6&,$%'0$%'7&%$%O'@'9&*'6/'G&0/36$,
+<-%6+3'@'C/+*&3'7*+$,$%A
#$%&' ;g0$' #Pd)' 0$' +<70/%-G$' %&H+*$3M$' *+$0' ,+' T-&%' 9$*$
D&H+*3$*'%&H*+'0$%'7/+%6-&3+%',+'0$'K-%6&*-$'+%'*+7&3&7-,$'9&*'0&%
*+%-,+36+%',+0'7-+0&A
#$%&' :g+0' 9*&92%-6&)' 9/+,&' %+D/-*' G$*-$%' GM$%' 7&3' +%6$
9*&9&%-7-23O' +%9+7-$01+36+' %-' 6&1&' +3' 7&3%-,+*$7-23' $' 0$
$/,-+37-$'9*-1-6-G$'$'0$'./+'W/$3'+%7*-H-2A'ZQ+'$7/+*,$',+'0$%
9*+D/36$%',+'7&19$6-H-0-,$,',+0'#$%&':'EG+*'9A'mmmF['R./M'K$@
,&%'9*&92%-6&%'9&%-H0+%O'./+',$*N3'C&*1$'$'%+*1&3+%',-C+*+36+%)
>A R0+36$*' $' 0&%' 7*+@+36+%' ./+' $76/$01+36+' +%6N3' %-+3,&

9+*%+D/-,&%O'$%M'7&1&'+0'9$%$V+'$0+362'$'$./+00&%'./+'+*$3
9+*%+D/-,&%',/*$36+'0&%',M$%',+'W/$3'&'$0+36$*N'$'./-+3+%
%/C*$3'7/$0./-+*'6*-H/0$7-23'C/6/*$A
=A T+%$C-$*'$'0&%'7*+@+36+%'$'*+3/37-$*'$'0&%',+*+7K&%',+'D&H-+*3&
%&H*+'%/%'9*&9-$%'G-,$%A'U/+G$1+36+O',+H+1&%'90$36+$*'0$%
9*+D/36$%' ,+' 7&19$6-H-0-,$,A' #/+,&' $*D/1+36$*' ./+' +0
R9&7$0-9%-%' ,+' W/$3' C/+' 9$*$' 7&3C*&36$*' $' $./+00&%' ./+
9+3%$H$3'./+'7&36*&0$H$3'6&,$%'0$%'7/+%6-&3+%',+'0$'G-,$O
7&1&'PI%$*'+36&37+%'&'+0'R36-7*-%6&'+3'+0'C/6/*&A
\&'+%7&V&'+0'%+D/3,&'9*&92%-6&A'f-'$/,-+37-$'+%6N'C/+*6+1+36+
6+36$,$'$'V/D$*'+0'9$9+0',+'T-&%'+3'%/%'9*&9-$%'G-,$%A
#$%&'"g+0'#PQ)'+0$H&*I'/3'#PQ'-3-7-$0A'U&6+',+'./I'1$3+*$
+0'9*&92%-6&'%+'6&*32'+3'+0'6+1$',+'0$'#*&9&%-7-23'P+36*$0',+0
Q+*123'+3'0$'C&*1$',+'/3$'9*+D/36$A
d+1$) Z#&*'./I'/%6+,'3&',+H+'-36+36$*'&7/9$*'+0
6*&3&'7+0+%6-$0]'&O'9&*'./I'3&',+H+'V/D$*'+0
9$9+0',+'T-&%[
l3C$%-%) #&*./+'0$%'7*-$6/*$%'+3'+0'7-+0&'*+7&3&7+3'./+
%20&'T-&%'&7/9$'+%$'9&%-7-23'*+$0'%&H+*$3$A
>n;
5%,/()")(*+#16$&'(-(7"
5%6+' 6+1$' @' I3C$%-%' *+C0+V$' $7+*6$,$1+36+' +0' 6+<6&' @' +%

$,+7/$,$1+36+' *+0+G$36+' 9$*$' 1-' $/,-+37-$O' 9+*&' @&' ./-+*&
C&*1/0$*'0$'#PQ',+'/3$'1$3+*$'1N%'$6*$9$36+'@'1+1&*$H0+A
E5%6&' 3&' 1+' -19-,+' +%9$*7-*' 0$' #PQ' 1N%' C&*1$0' 9&*' 6&,$' 1-
9*+%+36$7-23AF
T+%9/I%',+'$0D/3$',+0-H+*$7-23O'7&36+19&*-7I'1-'6+1$'$%M)
`hQ$0',+'0$'%-00$ia'53'*$S23',+'./+'/%&'+%6$'C*$%+'$'0&'0$*D&',+0
%+*123'g+3'0$'-36*&,/77-23O'+3'+0'7/+*9&O'@'+3'0$'7&370/%-23g
0$'$/,-+37-$'0$'G$'$'*+7&*,$*A'8$'C*$%+'6$1H-I3'6-+3+'C/+*S$',+
$90-7$7-23A'T+'K+7K&O'0$'$90-./I'$'1M'1-%1&O'*+7&*,N3,&1+',+
`%$0-*1+',+'0$'%-00$a'7/$3,&'&7$%-&3$01+36+'+%6/G+'7&./+6+$3,&
7&3'0$%'6+36$7-&3+%'$'0$'$/6&?,+-C-7$7-23A
4,$)5)/+/6
' ' d*$H$V+' 7&3' 5C+%-&%' 4A>n?>=' 7&1&' 0&' K$*M$' /3' $*6-%6$g
9-+3%+O' *+C0+<-&3+O' 1+,-6+O' K$D$O' @' *+K$D$' /3$' 9*&9&%-7-23
$,+7/$,$' 9$*$' +0' %+*123A' 8+' %/D-+*&' ./+' 0$' K$D$' $36+%' ,+
7&36-3/$*' +3' +%6+' 1$3/$0A' R./M' +%6N' 1-' -36+36&' ,+' $90-7$*' +0
9*&7+%&'9*&9/+%6&'+3'+%6+'1I6&,&',+'9*+9$*$7-23',+0'%+*123A
#$%&';g#Pd) 8$%' *$S&3+%' 9$*$' G+%6-*%+' 6&,$' 0$

$*1$,/*$',+0'9&,+*',+'0$'C/+*S$',+0
Q+L&*' %&3' +%6$*' C-*1+%' 7&36*$' 0$%
$%+7K$3S$%' ,+0' ,-$H0&' @' 0/7K$*
7&36*$'+0'%-%6+1$',+0',-$H0&A
#$%&':g#*&92%-6&) f&6-G$*'$'0$%'9+*%&3$%'$'G+%6-*%+'0$
$*1$,/*$',+0'9&,+*',+0'Q+L&*'+3
%/'0/7K$'7&36*$'+0',-$H0&A
#$%&'"g#PQ) d*$3%C&*1$*' +0' 9*&92%-6&' +3' +0
6+1$',+'0$'#PQA
d+1$)'Z#&*'./I',+H+3'0&%'7*-%6-$3&%
G+%6-*%+'6&,$'0$'$*1$,/*$',+0'9&,+*
,+0'Q+L&*[
l3C$%-%)' 9$*$' 9&,+*' +%6$*' C-*1+%
7&36*$'0$%'$%+7K$3S$%',+0',-$H0&'@
9$*$' 0/7K$*' 7&36*$' +0' %-%6+1$' ,+0
,-$H0&A
>n:
!"#$%&$&'()(*+#),+-%".#/,.#',%0*+
53'+%6+'9/36&O'H-+3'9/+,+'G$0+*'0$'9+3$'7&36+19&*-S$*'+0
6+1$'+3'/3$'C*$%+'K&1-0I6-7$1+36+'*+7&*,$H0+A'J%6+,'9/+,+
*+C&*1/0$*'+0'6+1$'@'+0'I3C$%-%'7&1&'%-D/+)
d+1$) Z#&*'./I'+0'9&,+*',+'%/'C/+*S$'+%'%/C-7-+36+
9$*$'3/+%6*$'+%6*$6+D-$'7&36*$'Q$6$3N%[
l3C$%-%) 9&*./+'3&%'$@/,$'$'+%6$*'C-*1+%'+3'7&36*$
,+' %/%' $%+7K$3S$%' @' $' 0/7K$*' 7&36*$' %/
%-%6+1$A
>n"
!"#$%&#%$'(')("'$*+,
!"#$%&#%$'(')("'$*+,
!)(-'".%')'#/0(1')("'$*+,
6
$%&'(#)($*+,-./+(+0(&+*123
$%&'(4)(5&6*/76/*+(+0(&+*123
$%&'(8)(9%(:*':'&-7-23(7+36*%0(,+0(&+*123
$%&'(;)(50(:*':2&-6'(:/+36+
$%&'(<)(9%(:*':'&-7-23(7+36*%0(,+0(6+=6'
$%&'(>)(5&6*/76/*+(+0(6+=6'
$%&'(!)(5&6/,-+(+0(6+=6'
?','&(0'&(&+*1'3+&@(A%B0%3,'(+3(C+3+*%0@(&+(,-D-,+3
+3( 6*+&( 1'D-1-+36'&E( -36*',/77-23@( 7/+*:'( F
7'370/&-23G(H5&6*/76/*%*I(+0(&+*123(+&6J(*+0%7-'3%,'
7'3(6','&(+&6'&(6*+&(1'D-1-+36'&(F(7'3(7%,%(/3'(,+
+00'&G( 50( :*'7+&'( ,+( ,+&%**'00'( ,+( +&6'&( 6*+&
1'D-1-+36'&( :'*( &+:%*%,'( F( +3( 7'3K/36'( +&( 0%
+&6*/76/*%7-23(,+0(&+*123G
L%F( D%*-%&( 1%3+*%&( ,+( ,+&%**'00%*( 0'&( 6*+&
1'D-1-+36'&(,+(/3(&+*123G($+*'(7/%0./-+*%(,+(0%&
1%3+*%&(+3(0%&(./+(/3'(+&6*/76/*%(/3(&+*123(,+B+
+=A-B-*( /3-,%,@( '*,+3( F( :*'C*+&'G( 9%( /3-,%,( &+
+37/+36*%(+3(0%('*-+36%7-23(,+(6','(+0(:*'7+&'(,+0
&+*123(+3(6'*3'(%(0%(:*':'&-7-23(7+36*%0(,+0(6+=6'G!
50('*,+3(F(+0(:*'C*+&'(3+7+&-6%3(,+1'&6*%*&+(%(6*%DM&
!"#
2$'13&4&3+,(!56/"3#374
,+(0%(+&6*/76/*%(,+(,-&+O'(F(,+(0%(+&6*/76/*%(,+0(7/+*:'(,+0(&+*123G
9%( +&6*/76/*%( ,+( ,-&+O'( ,+0( &+*123( &+( *+0%7-'3%( 7'3( +0
7/1:0-1-+36'(,+0(:*':2&-6'(./+(/&6+,(A%(+&6%B0+7-,'(+3(+0($%&'
;G(9%(+&6*/76/*%(,+0(7/+*:'(,+0(&+*123(&+(*+0%7-'3%(7'3(+0(%**+C0'
,+(0%&(:%*6+&(,+36*'(,+0(7/+*:'(,+0(&+*123(:%*%(*+P0+K%*(+0(6+=6'
./+(/&6+,(+&6J(:*+,-7%3,'G
Q*+7/+36+1+36+(+0(B'&./+K'(,+0(7/+*:'(,+0(&+*123(&+C/-*J
0%&( ,-D-&-'3+&( 1%F'*+&( R:+*'( 3'( 0%&( :%0%B*%&( +=%76%&( '
3+7+&%*-%1+36+(0%(&+7/+37-%S(,+0(B'&./+K'(,+0(6+=6'(+3(+0($%&'(>G
T+*J(3+7+&%*-'(7'36+1:'*-U%*(+0(B'&./+K'(,+0(7/+*:'(,+0(&+*123
:%*%(/3%(%/,-+37-%(7'36+1:'*J3+%G(?*%B%K+(,/*'(:%*%(A%7+*(./+
0%&(:%0%B*%&(,+0(6+=6'(*+D-D%3(%(0'&('V,'&(1',+*3'&G
WJ&-7%1+36+@(0'&(&+*1'3+&(&'3(,+&%**'00%,'&(,+(/3%('(,'&
1%3+*%&)(,+,/76-D%1+36+('(-3,/76-D%1+36+G(X3%(1%3+*%(&-1:0+
,+( ,-&6-3C/-*( +36*+( +&6%&( ,'&( P'*1%&( +&( 1+,-%36+( D+*( ,23,+
%:%*+7+( 0%( :*':'&-7-23( 7+36*%0( ,+0( &+*123G( 53( /3( &+*123
,+,/76-D'@(0%($YT(+&(,+70%*%,%(7'1:0+6%1+36+(!"#$%(./+(/&6+,
*+%01+36+(&+(-36*',/U7%(+3(+0(7/+*:'(,+0(&+*123G(53(/3(&+*123
-3,/76-D'(0%($YT(+&(,+70%*%,%(7'1:0+6%1+36+(%0(&'"!(@(7'1'(/3
*+&/1+3( '( :*/+B%( ,+( &/( &+*123G( L%F( /3%( C*%3( 7%36-,%,( ,+
D%*-+,%,(F(D+*&%6-0-,%,(+3(+0(%**+C0'@(+3(6%36'(/&6+,(&+%(7%:%U(,+
7'1/3-7%*(0%(:*':'&-7-23(7+36*%0(,+0(&+*123(F(+=:0-7%*0%(%(:%*6-*
,+0(6+=6'G
8%'"/"(9$4,1'"(:(;%'"/"(6'.%'</"
X&6+,(*+7'*,%*J(0%(%3%0'CV%(,+(0'&(A/+&'&(C*%3,+&(F(0'&(A/+&'&
:+./+O'&(+3(+0($%&'(>G(53(+0($%&'(4(,+B+1'&(6%1B-M3(A%7+*
%0C'(,+(H7'0'7%7-23(,+(A/+&'&I(:%*%(+&6*/76/*%*(+0(&+*123G
9'&( A/+&'&( C*%3,+&( ,+( &/( &+*123( &'3( 0%( -36*',/77-23@( +0
7/+*:'(F(0%(7'370/&-23G(9'&(A/+&'&(1+,-%3'&(,+(&/(&+*123(&'3
0%( &/BZ-36*',/77-23( F( 0'&( :/36'&( :*-37-:%0+&( ,+0( 7/+*:'G( 9'&
A/+&'&( 1J&( :+./+O'&( &'3( 0'&( &/BZ:/36'&( +36*+( 0'&( :/36'&
:*-37-:%0+&G(9'&(:/36'&(:*-37-:%0+&(:/+,+3(6+3+*(&/BZ:/36'&(F
&/BZ&/BZ:/36'&@(F(1J&(%(1+,-,%(./+(/&6+,(6*%B%K%(7'3(+0(,-&+O'
,+0(&+*123G(5&6%*+1'&(00+3%3,'(,+(7%*3+(+&6+(+&./+0+6'(7/%3,'
+&7*-B%1'&(+0(&+*123(R$%&'(#SG
!"N
!"#$%&#%$'(')("'$*+,
=/"( ;%'"/"( ',( )/"( "'$*/,'"
)*$%+%,-.!"/$% )*$%+%,0$/'!"+% )*$%+%,1$2*$3+%
\36*',/77-23 T/BZ-36*',/77-23
Y/+*:' $/36'&(:*-37-:%0+& ?*%3&-7-'3+&
T/BZ:/36'&
(((((T/BZ&/BZ:/36'&
Y'370/&-23
X3(&+*123(C+3+*%01+36+(&-C/+(/3(%**+C0'(&-1-0%*(%0(,+0(7/%,*'
&-C/-+36+G(\36+36+(+36+3,+*(+0(%**+C0'(%36+&(,+(:*'7+,+*(%0(*+&6'
,+(+&6+(7%:V6/0'G
!"#$%&#%$4( 1')( "'$*+,
?V6/0'(,+0(&+*123
]+*&V7/0'(BVB0-7'
\G(\36*',/77-23(%0(&+*123
^G(T/BZ-36*',/77-23
\\G(Y/+*:'(,+0(&+*123
^G($*-1+*%(&+77-23(:*-37-:%0
!G($*-1+*%(&/B&+77-23
%G($*-1+*%(&/BZ&/B&+77-23
BG(T+C/3,%(&/BZ&/B&+77-23
>G(T+C/3,%(&/B&+77-23
WG(T+C/3,%(&+77-23(:*-37-:%0
!G($*-1+*%(&/B&+77-23
>G(T+C/3,%(&/B&+77-23
YG(?+*7+*%(&+77-23(:*-37-:%0
\\\G(Y'370/&-23
!"[
2$'13&4&3+,(!56/"3#374
_+7/+*,+(./+(0'&(6*+&(A/+&'&(C*%3,+&(&'3(0'&(1'D-1-+36'&
7*V6-7'&(,+0(&+*123E0%(-36*',/77-23@(+0(7/+*:'(F(0%(7'370/&-23G
`+36*'(,+(+&6'&(1'D-1-+36'&(A%F(1'D-1-+36'&(&+7/3,%*-'&G(50
3a1+*'(,+(+&6'&(1'D-1-+36'&(&+7/3,%*-'&(D%*-%*JG(9'&(A/+&'&
C*%3,+&E0%( -36*',/77-23@( +0( 7/+*:'( F( 0%( 7'370/&-23E&'3( 0%
+&6*/76/*%( ,+( ,-&+O'G( 9%&( :%*6+&( ,+0( 7/+*:'( ,+0( &+*123E
&+77-'3+&@(&/B&+77-'3+&(F(&/BZ&/B&+77-'3+&E&'3(0%(+&6*/76/*%
,+0(7/+*:'@(0%(:%*6+(,+0(&+*123(./+(6*%6%(7'3(+0(6+=6'(BVB0-7'G
`+(:%&'@(+&6%(,-&6-37-23(+36*+(0%(+&6*/76/*%(,+0(7/+*:'(F(0%
+&6*/76/*%(,+0(,-&+O'(3'&(%F/,%(%(*+&:'3,+*('6*%(7/+&6-23(./+(&+
0+D%36%(%7+*7%(,+(0%(:*+,-7%7-23(BVB0-7%G(b`+B+(/3(&+*123(+&6%*
'*-+36%,'(%0(6+=6'('(,+B+(+&6%*('*-+36%,'(%(0%(%/,-+37-%c(53(7-+*6%
1+,-,%@(0%(:*+C/36%(+&(-3,-P+*+36+(7'3(*+0%7-23(%0(1M6','(,+
:*+:%*%7-23(,+0(&+*123(./+(&+(:*':'3+(%./VG(9%($Y?(:*+&+*D%
%0(6+=6'(,+0(7%:*-7A'(,+0(:*+,-7%,'*G(T-3(+1B%*C'@(+3(%6+37-23(%
0%(:*+C/36%@(./-&-+*%(&/C+*-*(./+(0%(P'*1%(,+(0'&(1'D-1-+36'&
,+0(&+*123(R0%(+&6*/76/*%(,+(,-&+O'S(+&6M('*-+36%,%(%(0%(%/,-+37-%
R+&6'(K/36'(7'3(0%(*+,%77-23(,+(0%($YT(F(0'&(:/36'&(:*-37-:%0+&SG
50(7'36+3-,'(,+(0%(+&6*/76/*%(,+0(7/+*:'(,+B+(+&6%*('*-+36%,'(%0
6+=6'G( 9%( '*-+36%7-23( A%7-%( 0%( %/,-+37-%( %P+76%( 0'&( %&:+76'&
P'*1%0+&(Fd'(+=6+*3'&(,+0(&+*123G(9%('*-+36%7-23(A%7-%(+0(6+=6'
%P+76%(+0(7'36+3-,'(F(0'&(%&:+76'&(-36+*3'&(,+0(&+*123G(e53(3-3Ca3
7%&'(+0(&+*123(,+B+(+&6%*('*-+36%,'(A%7-%(+0(:*+,-7%,'*f
>$3',#4&3+,(4)(#'5#/(((((((((((>$3',#4&3+,(4()4(4%13',&34
4$-5",$(,%$.06",%$,.$(!7'+"! 4$-5",$(,%$.06",%$,.$(!7'+"!
!(,#$8#+ !,(!,!*/'$"7'!
•(`+70%*%7-23(,+(0%($Y? •($*':2&-6'(,+0(&+*123
•(`+70%*%7-23(,+(0%($YT
•(5&6*/76/*%(,+(6','(+0
(((&+*123
•(T/BZ-36*',/77-23 •(\36*',/77-23
5&6*/76/*%(,+0(7/+*:'(,+0(&+*123 •(^:0-7%7-23
•(Y'370/&-23
!!"
!"#$%&#%$'(')("'$*+,
!"#$%$&'&(
((Â'*%(:',+1'&(00+3%*(%0C/3'&(,+6%00+&(,+(0%(+&6*/76/*%
,+0(&+*123@(&+Ca3(P/+(B'&./+K%,'(+3(+0(7/%,*'(,+(0%(:JC-3%
===G($'*(P%D'*@(+&6/,-+(+&6%(&+77-23(7/-,%,'&%1+36+G
?V6/0'(,+0(&+*123
?+=6'(BVB0-7'
\36*',/77-23(:*-37-:%0(%0(&+*123
9%($YT(&+(7'0'7%(%0(P-3%0(,+(0%(-36*',/77-23(&-(+&(/3
&+*123( ,+,/76-D'G( 53( /3( &+*123( -3,/76-D'@( &20'( &/
6+1%(,+B+(&+*(,+70%*%,'(%./VG
T/BZ-36*',/77-23
g/7A'&(%&:+76'&(:/+,+3(&+*(7/B-+*6'&(%./VG($*+&+36+
+0(6*%&P'3,'@(:*'D+%(,+0(7'36+=6'@(A%C%(/3%(6*%3&-7-23
%0(7/+*:'h(-36*',/U7%(0%&(&+77-'3+&(:*-37-:%0+&h(*+:-6%
0%($YT('(+0(6+1%h(,-C%(,+(./M(1%3+*%(&+(D%(%(,-D-,-*(+0
6+=6'h(,+70%*+(0%(:*':'&-7-23(7+36*%0(,+0(6+=6'('(A%C%
1+37-23( ,+0( :*-1+*( :/36'( :*-37-:%0( '( &+77-23( ,+0
&+*123G
Y/+*:'(,+0(&+*123
\G $*-1+*%(&+77-23(:*-37-:%0(R+0(3a1+*'(,+(0%&(&+77-'3+&
:*-37-:%0+&(+3(+0(7/+*:'(,+0(&+*123(3'*1%01+36+
,+:+3,+( ,+0( 3a1+*'( ,+( :/36'&( :*-37-:%0+&( ./+
'P*+U7%(&/(6+=6'(7/%3,'(/&6+,(0'(+&6*/76/*+(+3(+0($%&'
>GS(^&+Ca*+&+(,+(-36*',/7-*(0%&(&/B&+77-'3+&(,+(+&6%
&+77-23( :*-37-:%0G
^G $*-1+*%( &/B&+77-23
i:7-'3%0)(-36*',/U7%(0%&(&/BZ&/B&+77-'3+&(,+(+&6%
&/B&+77-23@( &-( 3'( *+&/06%( 6+,-'&'( F( /&6+,( %&V( 0'
,+&+%G
!G $*-1+*%( &/BZ&/B&+77-23
>G T+C/3,%( &/BZ&/B&+77-23
i:7-'3%0)(*+D-&+(0%&(&/BZ&/B&+77-'3+&(!(F(>G
WG T+C/3,%( &/B&+77-23
53(+&6+(:/36'@(%&+Ca*+&+(,+(*+:%&%*(0%($YT(R+3
/3(&+*123(((,+,/76-D'S('(+0(6+1%(R+3(/3(&+*123
-3,/76-D'S('(0%&(&/B&+77-'3+&(:*+7+,+36+&(Fd'(0%
:*-1+*(&+77-23(:*-37-:%0G(9/+C'(A%C%(0%(6*%3&-7-23
!!!
2$'13&4&3+,(!56/"3#374
%(0%(&+C/3,%(&+77-23(:*-37-:%0G
\\G T+C/3,%(&+77-23(:*-37-:%0(RA%C%(0'(1-&1'(./+(A-U'
7'3(0%(:*-1+*%(&+77-23(:*-37-:%0GS
^&+Ca*+&+( ,+( -36*',/7-*( 0%&( &/B&+77-'3+&( ,+( +&6%
&+77-23(:*-37-:%0G
^G($*-1+*%(&/B&+77-23
WG(T+C/3,%(&/B&+77-23
53(+&6+(:/36'@(%&+Ca*+&+(,+(*+:%&%*(0%($YT(R+3
/3(&+*123(,+,/76-D'S('(+0(6+1%(R+3(/3(&+*123
-3,/76-D'S('(0%&(&/B&+77-'3+&(:*+7+,+36+&(Fd'(0%&
&+77-'3+&(:*-37-:%0+&(:*+7+,+36+&G(9/+C'(A%C%
0%(6*%3&-7-23(%(0%(&-C/-+36+(&+77-23(:*-37-:%0G
\\\G ?+*7+*%(&+77-23(:*-37-:%0(RA%C%(0'(1-&1'(./+(A-U'
7'3(0%&(:*-1+*%&(,'&(&+77-'3+&S
9%( :*':'&-7-23( 7+36*%0( ,+0( &+*123( +&( ,+70%*%,%
7'1:0+6%1+36+( %./V( +3( /3( &+*123( -3,/76-D'G( 9%
$YT0( &+( *+:-6+( %./V( :%*%( M3P%&-&( F( *+:%&'( +3( /3
&+*123( ,+,/76-D'G( 9/+C'( /&6+,( &+( 1/+D+( %( 0%
7'370/&-23G
Y'370/&-23
!"#$%$&'&(
(($+*1V6%1+(,%*0+(/3(+K+1:0'(,+(/3%(+&6*/76/*%(,+(&+*123
%(:%*6-*(,+(/3(6+=6'(./+(/&%1'&(+3(+0($%&'(8G(g-&(3'6%&(+3
:%*M36+&-&( &'3( :%*%( &/( 7'1:*+3&-23( ,+0( :*'7+&'G( 5&6/,-+
7/-,%,'&%1+36+(+&6%(&+77-23(7'3(&/(W-B0-%(%B-+*6%(F(1-+36*%&
&+(*+P-+*+(%(0'&($%&'&(!Z8(+3(+&6+(0-B*'G
QV&-7'7/06/*-&1'
5P+&-'&(;G#Z!4
\36*',/77-23
R\36*',/7+(0%(3+7+&-,%,(,+(7*+7+*(F(P/37-'3%*(+3(3/+&6*'
7/+*:'( +70+&-%0E'( HPV&-7'7/06/*-&1'GIS
?+1%( ,+( 0%( $YT)( bY/J0( +&( +0( :0%3( ,-D-3'( :%*%( +0
7*+7-1-+36'(F(P/37-'3%1-+36'(,+0(7/+*:'c
T/BZ-36*',/77-23
!!>
!"#$%&#%$'(')("'$*+,
j3P%&-&(,+(0%($YT)(R-36*',/7+(0'&(6*+&(%&:+76'&(,+0(:0%3
,-D-3'GS(_+:-6%(+0(:*-1+*(%&:+76'(,+0(:0%3(,-D-3'(F(0/+C'
:*'7+,%(%0(:*-1+*(:/36'(+3(+0(7/+*:'(,+0(&+*123G
Y/+*:'
\G 9%( *+&:'3&%B-0-,%,( ,+0( T+O'*( +&( ,'6%*( %( 0%( -C0+&-%
RDDG(#Z!!S
R\36*',/U7%( 0'&( ,'&( 6-:'&( ,+( ,%7-23( ./+( +0( T+O'*
%&/1+GS
^G(Y*-&6'(,-'(,'3+&(%(0'&(A'1B*+&(RDDG(#Z!"S
WG(Y*-&6'(,-'(,'3+&(,+(A'1B*+&(RDG(!!S
R\36*',/U7%(0%&(7/%6*'(70%&+&(,+(,'3+&(,+(A'1B*+&
./+(+0(T+O'*(,%GS
!G(50(,-'(%:2&6'0+&(RDG(!!%S
>G(50(,-'(:*'P+6%&(RDG(!!BS
<G(50(,-'(+D%3C+0-&6%&(RDG(!!7S
;G(50(,-'(:%&6'*+&Z1%+&6*'&(RDG(!!,S
\\G 9%(*+&:'3&%B-0-,%,(,+0(0V,+*(+&(+./-:%*(%(0%(-C0+&-%
RDDG(!>Z!<S
R\36*',/U7%(0%(*+&:'3&%B-0-,%,(,+(0'&(0V,+*+&(+3(/3%
-C0+&-%)( 2*9, &+( &/:'3+( ./+( ,+B+1'&( A%7+*( F( 1+.
7*:"#+,#'$01+(,+B+1'&(A%7+*0'GS
^G(bY/J0(+&(0%(*+&:'3&%B-0-,%,(,+(0'&(0V,+*+&c(5./-:%*
%(0%(-C0+&-%(RDG(!>S
!G(5./-:%*(%(0'&(&%36'&(RDG(!>%S
>G($%*%(0%('B*%(,+(&+*D-7-'(RDG(!>BS
<G($%*%(0%(+,-P-7%7-23(,+0(7/+*:'(RDG(!>7S
WG(b$'*(7/J36'(6-+1:'(,+B+3(A%7+*0'c(L%&6%(./+(0%
-C0+&-%(&+(:%*+U7%(%(k+&a&(RDG(!<S
!G(X3-,%,(7'*:'*%6-D%(RDG(!<%S
>G(g%,/*+U(7'*:'*%6-D%(RDG(!<BS
<G(T+1+K%3U%(%(Y*-&6'(7'*:'*%6-D%(RDG(!<7S
\\\G 9%(*+&:'3&%B-0-,%,(,+0(7*+F+36+(+&(A%B-0-6%*(%(0%(-C0+&-%
RDDG(!;Z!4S
R\36*',/U7%(0'&(,'&(%&:+76'&(,+(0%(*+&:'3&%B-0-,%,
,+0(:/+B0'GS
^G l%(3'(,+B+3(&+*(3-O'&(+&:-*-6/%0+&(RDG(!;S
!G(9'&(3-O'&(+&:-*-6/%0+&(&'3(-3+&6%B0+&
!!<
2$'13&4&3+,(!56/"3#374
>G(9'&(3-O'&(+&:-*-6/%0+&(&'3(7*M,/0'&
WG(`+B+3(7*+7+*(%(0%(%,/06+U(+&:-*-6/%0(RDDG(!8Z!4S
!G(Y*+7+*(+3(7'3'7-1-+36'(RDG(!8S
>G(Y*+7+*(+3(&+*D-7-'(RDG(!4S
Y'370/&-23
5&(3+7+&%*-'(A%7+*(%0C/3'&(:'7'&(7'1+36%*-'&(&'B*+(0%
+&6*/76/*%(,+0(7/+*:'(,+0(&+*123G
!G ?','&(0'&(:/36'&(:*-37-:%0+&(+&6J3(+3('*%7-'3+&(7'1:0+6%&G
m'( &'3( 1+*%1+36+( :%0%B*%&( &/+06%&( '( 62:-7'&( 7'0C%,'&
&-3(+0(7'36+=6'(,+(/3%('*%7-23G(?%36'(7'1'(&+%(:'&-B0+
:'3C%(6%1B-M3(0'&(&/BZ:/36'&(+3('*%7-'3+&(7'1:0+6%&G
>G L%F(/3(C*%,'(,+(&-1+6*V%(+3(0'&(:/36'&(:*-37-:%0+&G(5&6%
&-1+6*V%(,+B+*V%(&/*C-*(,+0(6+=6'(F(,+B+(&+*(B/&7%,%(+3(0%
:*+&+36%7-23G
<G ?','&( 0'&( &+*1'3+&( 3'( 6-+3+3( 6*+&( :/36'&( :*-37-:%0+&G
537'36*%1'&( ./+( 1/7A'&( &+*1'3+&( &VG( 50( 3a1+*'( ,+
:/36'&( :*-37-:%0+&( ,+:+3,+( ,+0( 3a1+*'( ,+( :/36'&
:*-37-:%0+&(+3(+0 (6+=6'G
]%1'&(%0(:%&%K+(7'3(+0(./+(A+1'&(+&6%,'(6*%B%K%3,')(5P+&-'&
4G!"Z!>G( ^./V( A%F( /3%( +&6*/76/*%( :'&-B0+( :%*%( +0( 7/+*:'( ,+0
&+*123(&'B*+(+&6+(:%&%K+G
\G 50(:',+*(+=6*%'*,-3%*-'(,+(`-'&(+&(%77+&-B0+(:%*%(+0(7*+F+36+
7'1a3(RDDG(!"Z!!%S
^G(X&6+,(,+B+(&+*(P/+*6+(RDG(!"S
!G(X&6+,(,+B+(&+*(P/+*6+(+3(+0(T+O'*(RDG(!"%S
>G(X&6+,(,+B+(&+*(P/+*6+(+3(+0(:',+*(,+(&/(P/+*U%(RDG
!"BS
WG(X&6+,(,+B+(D+&6-*&+(6',%(0%(%*1%,/*%(,+(`-'&(RDG(!!%S
\\G 50( :',+*( +=6*%'*,-3%*-'( ,+( `-'&( +&( &/P-7-+36+( :%*%( 3/+&6*%
+&6*%6+C-%(7'36*%(T%6%3J&(RDDG(!!BZ!>S
^G(]+&6-*3'&(7'3(0%(%*1%,/*%(:',+*'&%(,+(`-'&(3'&(%F/,%
%(+&6%*(P-*1+&(7'36*%(0%&(%&+7A%3U%&(,+(T%6%3J&(RDG(!!B
WG(]+&6-*3'&(7'3(0%(%*1%,/*%(:',+*'&%(,+(`-'&(3'&(%F/,%
!!;
!"#$%&#%$'(')("'$*+,
%(0/7A%*(7'36*%(+0(&-&6+1%(,+(T%6%3J&(RDG(!>S
!G(50(&-&6+1%(,+(T%6%3J&(3'(+&(&%3C*+(F(7%*3+
>G(50(&-&6+1%(,+(T%6%3J&(+&(/3%(K+*%*./V%(&'B*+3%6/*%0
%G(L%F(:*-37-:%,'&
BG(L%F(:'6+&6%,+&
7G(L%F(C'B+*3%,'*+&(,+(0%&(6-3-+B0%&
,G(L%F(A/+&6+&(+&:-*-6/%0+&
=4"(64$#'"(1'(%,("'$*+,
Â'*%( ./+( A+1'&( 'B&+*D%,'( 0%( +&6*/76/*%( ,+0( 7/+*:'( ,+0

&+*123@(1+(C/&6%*V%(./+(1-*J&+1'&(%(0%(+&6*/76/*%(,+(,-&+O'
,+0(&+*123G(Â'*%(3'&(+&6%1'&(1+6-+3,'(+3(0'&(%&:+76'&(1J&
:*'P/3,'&(,+0(6*%B%K'(A'1-0M6-7'G
)*#+,-
T/(&+*123(3+7+&-6%(/3(6V6/0'G(T/(6V6/0'(+1+*C+*J(+3(+0(&+*123
+3(D%*-'&(1'1+36'&G(T-(/&6+,(A%(6*%B%K%,'(,/*'(+3(7'36+1:'*-U%*
0%(:*':'&-7-23(7+36*%0(,+(&/(&+*123@(:/+,+(/6-0-U%*(+0(6+1%(1-&1'
R,+(+&%(:*':'&-7-23(7+36*%0S(7'1'(+0(6V6/0'G(53(1-(+K+1:0'(,+
^:'7%0-:&-&(;@(F'(/&M(HeT%0(,+(0%(&-00%fI(7'1'(1-(6V6/0'(%0(-C/%0
./+(1-(6+1%G
T/(6V6/0'(,+B+(&+*(/3(%3/37-'(7'3(/3(-1:%76'(./+(7%:6+(0%
%6+37-23G(^&V(7'1'(0'&(%*6-&6%&(,%3(6V6/0'&(%(&/&('B*%&@(+0(6V6/0'(+&
0%( -,+36-,%,( ./+( /&6+,( 0+( ,%( %0( &+*123G( `+B+( &+*( +=%76'E3'
:*'1+6%(1J&(,+(0'(./+(:/+,%(+36*+C%*G(53(7-+*6%(':'*6/3-,%,
A%B0M(,+(HY21'(D+*(%(`-'&I(F(0%(7'1/3-,%,(3'(7*-&6-%3%(D-3'(+3
:*'7/*%(,+(/3%(*+&:/+&6%G(en/-UJ&(:*'1+6V(,+1%&-%,'(7'3(+&+
6V6/0'f(T/(6V6/0'(,+B+(&+*(-36+*+&%36+G(X3%(:*+C/36%(C+3+*%01+36+
:*'D'7%(-36*-C%G(50(6V6/0'(,+B+(6%1B-M3(&+*(70%*'(F(7'*6'G(^0C/3'&
,+(0'&(1'1+36'&(3%6/*%0+&(:%*%(-0/1-3%*(&/(6V6/0'(:/+,+3(&+*
,/*%36+(0%(-36*',/77-23@(0%(,+70%*%7-23(,+0(6+1%(,+(0%($YT@('(+3
+0(1'D-1-+36'(,+(0%(7'370/&-23G
.'/,0"#+1'/&0,/#02#-/3*3,$"-
!!8
2$'13&4&3+,(!56/"3#374
5&(B/+3'(%3/37-%*(+0(6+=6'(%76/%0(,+0(./+(+&6J(:*+,-7%3,'(,+
1','( ./+( %./+00'&( ./+( ,+&+%3( &+C/-*0'( +3( 0%( W-B0-%( :/+,%3
A%7+*0'(%&VG(L%F(D%*-%&(':7-'3+&(:%*%(7/J3,'(%3/37-%*(F(0++*(+0
6+=6'G
• $/+,+(%3/37-%*(+0(6+=6'(+3(&/(B'0+6V3(&+1%3%0G(T-(/&6+,(%3/37-%
+0(6+=6'(:%*%(0%(&+1%3%(&-C/-+36+@(0%(C+36+(:/+,+(0++*0'(%36+&
,+(D+3-*(%(0%(-C0+&-%G(i(/&6+,(:/+,+(%3-1%*(%(0%(0+76/*%(,+0
6+=6'(+36*+(./-+3+&(A%B-6/%01+36+(D-+3+3(1J&(6+1:*%3'(%(&/&
7/06'&G
• ^0C/-+3(:/+,+(0++*(0%(5&7*-6/*%(+3(0%(:*-1+*%(:%*6+(,+0(7/06'
%36+&(,+(./+(/&6+,(:*+,-./+G(i7%&-'3%01+36+@(+0(6+=6'(-370/&'
:/+,+(&+*(0+V,'(,+(1%3+*%(%36-P'3%0G
• X&6+,(:/+,+(6+3+*(%0C/3'&(7'1+36%*-'&(:*+0-1-3%*+&(%36+&
,+(./+(7'1-+37+(%(:*+,-7%*(+0(&+*123G(^3/37-%*(+0(6+=6'(R&-
F%(A%(&-,'(0+V,'(%36+&S('(0++*(+0(6+=6'(+3(+&6+(1'1+36'(:*'D++
,+(/3%(B/+3%(6*%3&-7-23(%0(&+*123G(`+(:%&'@(%3/37-+(+0(6+=6'
,'&(D+7+&(:'*(0'(1+3'&G(`+0+(%(0%(7'3C*+C%7-23(/3(1'1+36'
:%*%(+37'36*%*(+0(6+=6'(F(%3a37-+0'(/3%(6+*7+*%(D+U(,/*%36+(+0
1'D-1-+36'(,+(&/(-36*',/77-23(%(&/(&/BZ-36*',/77-23G
• X&6+,( :/+,+( %3/37-%*( +0( 6+=6'( %0( P-3%0( ,+( &/&( 7'1+36%*-'&
:*+0-1-3%*+&(RF'(00%1'(+&6'(0%(H:*+Z-36*',/77-23IED+*(1J&
%B%K'S@(:+*'(0+%(0'&(D+*&V7/0'&(:+*6-3+36+&(&20'(7/%3,'(0'&(+&6M
+=:'3-+3,'G
45#1-&+""$65
T/( -36*',/77-23( 6-+3+( 6*+&( ,-1+3&-'3+&( +3( +00%)( 0%( :*+Z

-36*',/77-23@(0%(-36*',/77-23(:*-37-:%0@(F(0%(&/BZ-36*',/77-23G
;.$<'"#.+/*77'6"
o+3+*%01+36+@( 0'&( 7'1+36%*-'&( :*+Z-36*',/76'*-'&( &'3

3+7+&%*-'&G(n/-UJ&(%0C/-+3(A%(7%36%,'(/3%(7%37-23(F(3+7+&-6%
/3%(P+0-7-6%7-23(R'(:'*(0'(1+3'&(/3(*+7'3'7-1-+36'@(e&-(3'(0'
A-U'(1/F(B-+3fSG(i(A%F(%0Ca3(%3/37-'(:aB0-7'(./+(/&6+,(3+7+&-6%
!!4
!"#$%&#%$'(')("'$*+,
%P-*1%*G(i(/&6+,(+&(/3(:*+,-7%,'*(-3D-6%,'(F(./-+*+(A%7+*(%0C/3'&
7'1+36%*-'&(:*+0-1-3%*+&(,+(C*%6-6/,(%7+*7%(,+(+&6%*(+3(+&+(0/C%*G
5&6+(6-:'(,+(7'1+36%*-'&(:/+,+3(A%7+*&+(+3(0%(&+77-23(:*+Z
-36*',/76'*-%(,+(&/(-36*',/77-23G(m'(6-+3+3(3%,%(./+(D+*(7'3(&/
&+*123(:+*'(&'3(-3,-&:+3&%B0+&(:%*%(7*+%*(/3%(%612&P+*%(,+
%7+:6%7-23( F( :%*%( ,+1'&6*%*( ./+( /&6+,( A%( +&6%,'( :*+&6%3,'
%6+37-23(%(0%&(7/+&6-'3+&(C+3+*%0+&(,+(+&+(7/06'(F(,+(0%(-C0+&-%G
`+B+(+=:*+&%*(7%0-,+U(F(%1-&6%,(%(0%(%/,-+37-%G($/+,+(:+,-*0+&
./+(%B*%3(&/&(W-B0-%&@(0++*(&/(:%&%K+@(F('*%*(%0(P-3%0(,+(0%(:*+Z
-36*',/77-23G
53(6','&(0'&(7%&'&@(6+*1-3+(&/(:*+Z-36*',/77-23(A%7-+3,'(/3
1'1+36'(,+(:%/&%(/('*%3,'G(5&6%(:%/&%(/('*%7-23(0+(-3,-7%(%(0%
%/,-+37-%(./+(/&6+,(+&6J(%(:/36'(,+(7'1+3U%*(+0(&+*123G(`+0+&
/3%(-3,-7%7-23(,+(./+(%A'*%(&+(+&6J(1'D-+3,'(%(0%(-36*',/77-23G
="#.+/*77'6", 1.'"7'1!(
m'( :/+,'( +3P%6-U%*( 0'( &/P-7-+36+( +0( :%:+0( ./+( /3%( P/+*6+
-36*',/77-23( :*-37-:%0( 6-+3+( +3( *+0%7-23( 7'3( 0%( +P+76-D-,%,( ,+0
&+*123G(T-(/&6+,(3'(6-+3+(%(&/(%/,-+37-%(%3A+0%36+(R,+36*'(,+(0'&
:*-1+*'&(:'7'&(1-3/6'&S(:'*(+0(*+&6'(,+0(&+*123@(PJ7-01+36+(D%3
%(./+*+*(-*&+(%(7%&%G(L%F(7/%6*'(-3C*+,-+36+&(:%*%(/3%(P/+*6+
-36*',/77-23(:*-37-:%0G(500'&(7'3P-C/*%3(/3(:%./+6+(-36+C*%,'(F
3'(&+(:*+&+36%3(%./V(+3(%0Ca3('*,+3(+&:+7-%0G(X3%(-36*',/77-23
:*-37-:%0(+P+76-D%(,+B+(0'C*%*(+&6%&(7/%6*'(1+6%&G
>?#$"-!,(!,!#$"7'6"@,+3(/3(&+36-,'@('B6+3+*(0%(%6+37-23(,+(0%
%/,-+37-%(+&(+0(1J&(PJ7-0(,+(0'C*%*(,+(0'&(7/%6*'(-3C*+,-+36+&G(l%
&+(+&6J(:*+&6%3,'(%6+37-23(%0('*%,'*(7/%3,'(M&6+(&/B+(%0(:a0:-6'
%(:*+,-7%*G(T-3(+1B%*C'@(:%*%(1%36+3+*(0%(%6+37-23(,+(0%(%/,-+37-%
+0('*%,'*(,+B+(:*+&+36%*(/3%(3+7+&-,%,(*+0+D%36+G
;.$%$"#$, *"!, "$7$%'/!/@, 0%( :%*6+( 1J&( -1:'*6%36+( ,+( 0%
-36*',/77-23( :*-37-:%0( +&( %F/,%*( %( 0%( %/,-+37-%( %( &+36-*( 0%
3+7+&-,%,(,+('V*(0%&(7/+&6-'3+&(./+(/&6+,(6*%6%*J(+3(+0(&+*123G
$*+&+36%*( 0%( 3+7+&-,%,( +&( /3%( +&6*%6+C-%( 7*V6-7%( ,+
7'36+1:'*-U%7-23G(\3D-+*6%(/3%(B/+3%(7%36-,%,(,+(:*+:%*%7-23
F(,+(6-+1:'(,+(:*+,-7%7-23(%*6-7/0%3,'(0%(3+7+&-,%,(./+(+0(&+*123
&%6-&P%7+G(X3%(1%3+*%(,+(1+,-*(/3(B/+3(&+*123(+&(+&6-1%*(7/J3
*+0+D%36+( +&( 0%( 3+7+&-,%,( F( 7/J3( B-+3( +0( &+*123( &%6-&P%7+( +&%
!!#
2$'13&4&3+,(!56/"3#374
3+7+&-,%,G
bn/M(3+7+&-,%,(,+B+(/3'(:*+&+36%*c(bl(,+(,23,+(&%7%(+0
:*+,-7%,'*(0%&(-,+%&(,+(+&6%(3+7+&-,%,c(53(+0(+&./+1%(./+(A+1'&
+&6%B0+7-,'(:%*%(0%(:*+:%*%7-23(,+0(&+*123@(+0(:*+,-7%,'*('B6-+3+
0%(3+7+&-,%,(,+0(:*':2&-6'(./+(A%(,+70%*%,'(+3(+0($%&'(;G(5&6%(+&
'6*%( *%U23( :'*( 0%( 7/%0( 3'( :/+,+( +=%C+*%*&+( ,+1%&-%,'( 0%
-1:'*6%37-%(,+0(:*':2&-6'(:/+36+G(50(:*':2&-6'(3'(&20'(:*'D++
,+0( 6+1%( ,+( 0%( :*':'&-7-23( 7+36*%0( ,+0( &+*123@( &-3'( 6%1B-M3
:*'D++( 0%( 3+7+&-,%,( ./+( &+*J( :*+&+36%,%( +3( 0%( -36*',/77-23
:*-37-:%0G( 537/+36*'( ./+( 0%( 1+K'*( 1%3+*%( ,+( %F/,%*( %( /3%
%/,-+37-%(%(&+36-*(/3%(3+7+&-,%,(+&(1+,-%36+(0%(P'*1/0%7-23(,+
:*+C/36%&(+3(6'*3'(%0(6+1%(,+(0%(:*':'&-7-23(7+36*%0(+3(*+0%7-23
7'3(+0(:*':2&-6'(,+0(&+*123G
$'*( +K+1:0'@( &/( &+*123( &'B*+( 5P+&-'&( ;( :/+,+( 6+3+*( 0%&
&-C/-+36+&(:*+C/36%&(*+0%7-'3%,%&(7'3(0%(3+7+&-,%,G
• b^(7/J36'&(,+(/&6+,+&(0+&(C/&6%*V%(,+&7/B*-*(./M(+&(0'(./+
%3,%(1%0(+3(3/+&6*%(-C0+&-%c
• b`+(./M(1%3+*%(0+(C/&6%*V%(./+(3/+&6*%(-C0+&-%('B+,+U7%(0%
D'0/36%,(,+(`-'&c
• bY/J36'&(,+(/&6+,+&(./-+*+3(&%B+*(,+(./M(1%3+*%(3/+&6*%
-C0+&-%(:/+,+(7*+7+*(%0(1J=-1'c
• bn/-&-+*%( ,+&7/B*-*( +0( :0%3( ,+( `-'&( :%*%( +,-P-7%*( 3/+&6*%
7'3C*+C%7-23c
9%(1%F'*(:%*6+(,+(0%&(:+*&'3%&(*+&:'3,+*V%(%(+&6%&(:*+C/36%&
%P-*1%6-D%1+36+G(500'&(D+*,%,+*%1+36+(./-&-+*%3(,+&7/B*-*(0'(./+
%3,%(1%0(7'3(&/(-C0+&-%(F(721'(7'**+C-*0'G
T-(/&6+,(+&6J(A%B0%3,'(&'B*+(+0(:%&%K+(,+(5P+&-'&(4G!"Z!>@(0%
3+7+&-,%,(:/+,+(,+70%*%*&+(,+(+&6%(1%3+*%)(HL'F(D'F(%(A%B0%*
&'B*+(721'(/&6+,(:/+,+(D+37+*(%(T%6%3J&(+3(&/(:*':-'(K/+C'(F
+3( &/( :*':-'( 7%1:'GI( 9%( 3+7+&-,%,( ./+( /&6+,( :*+&+36%( +&6J
*+0%7-'3%( 7'3( 721'( 0'&( 7*+F+36+&( :/+,+3( 6+3+*( /3%( D-76'*-%
7'3&-&6+36+( &'B*+( +0( ,-%B0'( +3( &/( -36+36'( ,+( ,+&7%**-0%*3'&
+&:-*-6/%01+36+G(^0(&/B*%F%*(0%(3+7+&-,%,@(/&6+,(+&6J(:*'D+F+3,'
,+(/3%(*%U23(:%*%(./+(&/(%/,-+37-%(+&7/7A+(&/(1+3&%K+G
>.'$"#$, $(, #$0!@, 0'&( -3C*+,-+36+&( :%*%( 'B6+3+*( 0%( %6+37-23( F
!!N
!"#$%&#%$'(')("'$*+,
:*+&+36%*(0%(3+7+&-,%,(+3(0%(-36*',/77-23(:*-37-:%0(&+(*+0%7-'3%*J3
3%6/*%01+36+(7'3(+0(6+1%(,+(0%($YTG(5&6'(+&@(3'(,+B+(:*+&+36%*
/3%(3+7+&-,%,(+3(7/%36'(%(0%(A/1-0,%,(:+*&'3%0(F(0/+C'(A%B0%*
%7+*7%(,+(0%(:'B0%7-23(,+0(7-+0'G(53(&/(-36*',/77-23(:*-37-:%0
,+B+('*-+36%*(%(0%(%/,-+37-%(%0(6+1%(./+(/&6+,(D%(%(,+&%**'00%*G
\370/&'(:/+,+(+=:*+&%*(6',%(0%(:*':'&-7-23(7+36*%0(,+0(&+*123
%./V@(&-(/&6+,(+&6J(&-C/-+3,'(/3%(P'*1%(,+,/76-D%(,+(&+*123G
T'B*+(5P+&-'&(4G!"Z!>(,VC%0+(%(&/(%/,-+37-%(./+(/&6+,(D%(%(A%B0%*
&'B*+(+0(6+1%(H$'*(./M(+0(:',+*(&'B+*%3'(,+(`-'&(+&(&/P-7-+36+
:%*%(&/(+&6*%6+C-%(+3(7'36*%(,+(T%6%3J&GI
A$7(!.$,$(,1.+16%'#+@(+3(*%U23(,+(./+(/&6+,(F%(A%(+&7*-6'(+0
:*':2&-6'(:/+36+@(,+70%*+(+0(:*':2&-6'(+3(+0(&+*123G(`VC%0+(%(0%
%/,-+37-%)(HL'F(F'(./-+*'GGGI(53(+0(7%&'(,+(5P+&-'&(;(/&6+,(:/+,+
,+7-*)(HL'F(./-+*'(,+&%P-%*(%(7%,%(1-+1B*'(,+(3/+&6*%(-C0+&-%(%
-3D'0/7*%*&+(%76-D%1+36+(+3(:'3+*(+3(%77-23(+0(:0%3(,+(`-'&GI
5&6%(,+70%*%7-23(,+(:*':2&-6'(1/+&6*%(+0(,+&6-3'(,+0(&+*123G(9%
,+70%*%7-23(,+(:*':2&-6'(-3D-6%(%(0%(%/,-+37-%(%(D-%K%*(K/36'&(6','
+0(D-%K+G(e9%(C+36+(3'(./-+*+(&/B-*&+(%(/3(213-B/&(./+(3'(D%
3-3C/3%(:%*6+f(T-1:0+1+36+(*+7/+*,+(,+(6'1%*(+&6%(,+70%*%7-23
,+(:*':2&-6'(,+0($%&'(;E+0(:*':2&-6'(:/+36+G
^&V( ./+( M&6'&( &'3( 0'&( 7/%6*'( -3C*+,-+36+&( '( 1+6%&( ,+( 0%
-36*',/77-23(:*-37-:%0G(9%(-370/&-23(,+(0'&(7/%6*'(0'(%F/,%*J(%
'B6+3+*(F(&'&6+3+*(0%(%6+37-23(,+(&/(%/,-+37-%G
?'#4"(1'(%,4(3,#$/1%&&3+,('@'&#374
•(iB6+3+*(0%(%6+37-23(,+(0%(%/,-+37-%
•($*+&+36%*(/3%(3+7+&-,%,(:+*6-3+36+
•(i*-+36%*(%(0%(%/,-+37-%(%0(6+1%
•(`+70%*%*(+0(:*':2&-6'(,+0(&+*123
9%(-36*',/77-23(:*-37-:%0(3+7+&-6%(&+*(0'(&/P-7-+36+1+36+(0%*C%
7'1'(:%*%(:*+&+36%*(0%(3+7+&-,%,@('*-+36%*(%(0%(%/,-+37-%(%0(6+1%
F(,+70%*%*(+0(:*':2&-6'G(9%(7%36-,%,(,+(6-+1:'(D%*-%*J(,+(&+*123
+3(&+*123G($+*1-6%(+0(6-+1:'(&/P-7-+36+(7'1'(:%*%(-370/-*(0'&
!![
2$'13&4&3+,(!56/"3#374
-3C*+,-+36+&(,+(/3%(P/+*6+(-36*',/77-23(:*-37-:%0@(:+*'(3'(0%(A%C%
6%3( 0%*C%( ./+( &/( %/,-+37-%( ,+&++( ./+( 0%( 7'370/&-23( ,+( &/
-36*',/77-23( :*-37-:%0( &+%( *+%01+36+( 0%( 7'370/&-23( ,+( 6','( +0
&+*123G
n/-&-+*%(A%7+*(/3%(%:%&-'3%,%(%:+0%7-23(P-3%0(+3(7/%36'(%(0%
-36*',/77-23(:*-37-:%0G(k%1J&(0%(7'1-+37+(,-7-+3,')(H9%(&+1%3%
:%&%,%(7'3&-,+*%1'&(+0(6+=6'('(+0(6+1%(R,+0(:%&%K+(:*+D-'Sh(+&6%
&+1%3%(7'3&-,+*%*+1'&(+0(:%&%K+(&-C/-+36+GGGI(5&6+(6-:'(,+(*+:%&'
7'**+&:'3,+(+3(+0(1+K'*(,+(0'&(7%&'&(%(0%(:*+Z-36*',/77-23(R:+*'
+&%( &+77-23( ,+B+( 7+**%*&+( ,+( 1%3+*%( 70%*%( %36+&( ./+( /&6+,
7'1-+37+(7'3(0%(-36*',/77-23(:*-37-:%0SG(5&(1+K'*(-370/-*(+0(*+:%&'
+3(0%(&/BZ-36*',/77-23@(7/%3,'(/&6+,(+&6%B0+7+(+0(+&7+3%*-'(,+
&/(&+*123G(T/(-36*',/77-23(:*-37-:%0(,+B+(*+P+*-*&+(&20'(%0(:%&%K+
,+(+&6%(&+1%3%G
4*?<'"#.+/*77'6"
50(0/C%*(3%6/*%0(:%*%(+&6%B0+7+*(+0(6*%&P'3,'(,+0(6+=6'(+&(K/&6'
,+&:/M&( ,+( /3%( -36*',/77-23( +P+76-D%G( 90%1'( %( +&6'( 0%( H&/BZ
-36*',/77-23GI(53(*%U23(,+(./+(/&6+,(6',%DV%(3'(+&6J(+3(+0(7/+*:'
,+0(&+*123@(+&6+(+&(/3(B/+3(1'1+36'(:%*%(+&6%B0+7+*(+0(6*%&P'3,'
A-&62*-7'('(7'36+=6/%0(,+0(6+=6'G(L%C%(+&6'(&20'(&-(0'(%F/,%(%(0'C*%*
+0(:*':2&-6'(,+0(&+*123(&+Ca3(+0($%&'(;G
53(0%(&/BZ-36*',/77-23(/&6+,(:/+,+(-370/-*(7/+&6-'3+&(7'1')
• ^3/37-%*('(*+7'*,%*(%(0%(%/,-+37-%(./M(6+=6'(+&6J(7'3&-,+*%3,'@
+GCG(H$%B0'(A%B0%(%7+*7%(,+(0%(7/+&6-23(,+0(7%&%1-+36'(7'3(3'
7*+F+36+&(+3(!(Y'*-36-'&(#G(T-(6',%DV%(3'(A%(+37'36*%,'(+0
:%&%K+@(./-&-+*%(:'*(P%D'*(B/&7%*0'(1-+36*%&(*+&:'3,+1'&(%
0%( :*+C/36%)( bT'3( 0'&( 3'( 7*+F+36+&( 7%3,-,%6'&( :'6+37-%0+&
7'1'(723F/C+&(+3(+0(7%&'(,+(./+(3'(&+(+37/+36*+3(7*+F+36+&cI
• _+:%&%*(/3%(&+*-+(:%*6-7/0%*(,+(&+*1'3+&@(+GCG@(H5&6%1'&(+3
/3%(&+*-+(./+(1-*%(%(721'(0'&(7*-&6-%3'&(,+B+1'&(*+0%7-'3%*3'&
7'3(0%(&'7-+,%,G(L'F@(./+*+1'&(7'3&-,+*%*(oJ0%6%&(4G!"GI
• ?*%&P'3,'(,+0(6+=6')
E#.!%&+"/+,B'%#6.'7+,/$(,#$8#+@(+GCG@(H`%D-,(+&7*-B-2(+0(T%01'
8!@(,+&:/M&(./+(:+72(7'36*%(`-'&GI
E#.!%&+"/+,#$8#*!(,/$(,#$8#+@(+GCG@(H^:'7%0-:&-&(>(%0(<(7'36-+3+
!>"
!"#$%&#%$'(')("'$*+,
&-+6+(7%*6%&(%(0%&(-C0+&-%&(,+(^&-%G(m'&(+37'36*%1'&(+3(0%
&M:6-1%(7%*6%@(0%(7%*6%(%(0%(-C0+&-%(,+(9%',-7+%GI
E#.!%&+"/+,('#$.!.'+,/$(,#$8#+@(+GCG@(T%01'(!![(+&(/3(%7*2&6-7'G
E#.!%&+"/+,/$,(!,%$.'$,/$,%$.0+"$%,/$(,#$8#+@(+GCG(H9%(&+1%3%
:%&%,%(+&6/,-%,'&(%7+*7%(,+(0%(/3-,%,(,+0(7/+*:'(,+(Y*-&6'
+3( 5P+&-'&( ;G!Z4G( 5&6%( &+1%3%( +&6%1'&( 7'36-3/%3,'
3/+&6*'&( +&6/,-'&( &'B*+( +0( 7/+*:'( ,+( Y*-&6'E,+( ./M
1%3+*%(:/+,+(7*+7+*(F(P/37-'3%*(7'3P'*1+(+0(:0%3(,-D-3'GI
• ^36-7-:%*( 0%( +&6*/76/*%( ,+0( 7/+*:'@( +GCG@( Hm/+&6*'( 6+=6'@( +0
T%01'(!<<@(&+(,-D-,+(+3(/3%(,+70%*%7-23(F(,'&(7/%,*'&G(50
D+*&V7/0'(/3'(:*+&+36%(0%(6+&-&h(0'&(D+*&V7/0'&(,'&(F(6*+&(6-+3+3
0'&(7/%,*'&(,+(0%(6+&-&GI
Q-3%01+36+@(*+:-6%(+0(6+1%('(0%(:*':'&-7-23(7+36*%0(,+0(&+*123G
m/+D%1+36+(*+:-6'@(:'*(P%D'*(3'(7'1-+37+(7'3(7'36+3-,'&
,+(0%(&/BZ-36*',/77-23(+3(0%(-36*',/77-23G
53(+0(^:M3,-7+([(:*+&+36'(/3%(-0/&6*%7-23(,+(/3%(-36*',/77-23
F(&/BZ-36*',/77-23(B%&6%36+(7'1:0+6%&(./+(/6-0-7M(:%*%(+0(&+*123
&'B*+( ^:'7%0-:&-&( ;G( ^00V( /&6+,( D+*J( 0'&( -3C*+,-+36+&( ,+( /3%
-36*',/77-23(+P+76-D%(Re3'(:+*P+76%fSG
A%'$6/(1')("'$*+,
C%#.*7#*.!,/$(,/'%$3+
m/+D%1+36+@(7/%3,'(A%B0%1'&(%7+*7%(,+(0%(+&6*/76/*%(,+0
,-&+O'(R*+0%7-'3%,%(%(6','(+0(&+*123E-36*',/77-23@(7/+*:'(F
7'370/&-23S@(+&6%1'&(6'1%3,'(+3(7/+36%(0%(-37%:%7-,%,(,+(0%
%/,-+37-%(,+(+&6%*(,+(%7/+*,'@(%7+:6%*('(%:0-7%*(+0(&+*123G(`+B+
:+3&%*( F( +0%B'*%*( 0%&( &-C/-+36+&( :*+C/36%&)( b$'*( ./M( 6+3,*J3
,-P-7/06%,(+3(&+*(:+*&/%,-,'&(+3(7/%36'(%(0%(D+*,%,(,+(`-'&(+3
+&6%( $YTc( bY21'( ,+B'( ,-&+O%*( +&6+( &+*123( :%*%( 0'C*%*( +0
:*':2&-6'(,+0(&+*123(F(0%(:*':'&-7-23(7+36*%0(,+0(&+*123(:%*%
A%7+*(/3(-1:%76'(+3(0%&(D-,%&(,+(0%(C+36+c
L%F(/3(%1:0-'(+&:+76*'(,+(:+*&'3%&(+3(&/(%/,-+37-%@(F(0%&
,-P+*+36+&(:%*6+&(,+(&/(:*+&+36%7-23(,+B+3(+&6%*(,-*-C-,%&(%(+&6+
:/+B0'(D%*-%,'G(^,+1J&@(+3(,-P+*+36+&(1'1+36'&(,+(&/&(D-,%&
R+(-370/&'(,+36*'(,+(/3(1-&1'(&+*123S(0%(C+36+(:/+,+(%&/1-*
,-P+*+36+&(:'&6/*%&(A%7-%(/&6+,G(^(D+7+&(&/(%/,-+37-%(7'3&-&6-*J
!>!
2$'13&4&3+,(!56/"3#374
,+(0%(1%F'*V%(,+(/3(6-:'(,+(:+*&'3%&G(Y%,%(/3'(,+(+&6'&(C*/:'&
,+B+( &+*( 7'3&-,+*%,'( 7/%3,'( /&6+,( ,-&+O%( &/( &+*123G( Y'3
*+0%7-23(%(`-'&@(&/($%0%B*%@(&/(:/+B0'@(F(/&6+,@(A%F(%0(1+3'&(6*+&
-3&6%37-%&(:'&-B0+&(./+(0%(C+36+(1%36-+3+(+3(7/%36'(%0(+D+36'(,+
:*+,-7%7-23G
• 9'&( DE+, 0$, '01+.#!F)( A%F( %0C/3'&( ./+( &-+36+3( ./+@( :%*%
+1:+U%*@(3'(,+B+*V%3(A%B+*(+&6%,'(+3(+0(7/06'G(m'(&'3(A'&6-0+&@
:+*'(*+%01+36+(3'(0+&(-1:'*6%(%7+*7%(,+(`-'&(F(&/($%0%B*%G
5&6J3(%00V(:'*./+(&/&(:%,*+&('(%1-C'&(./+*V%3(./+(D-3-+*%3G
i( +&6J3( %00V( :'*./+( -*( %( 0%( -C0+&-%( +&( 0'( ./+( A%7+3( +3( +&6+
1'1+36'(,+(0%(&+1%3%G(9%(3+7+&-,%,(./+(/&6+,(:*+&+36%(,+B+
&+*(+=6*+1%,%1+36+(+P+76-D%(+3(+&6+(:/36'('(:+*,+*J(+0(:'7'
-36+*M&(./+('B6/D'(%0(&/B-*(%0(:a0:-6'G
• 9'&( DE+, %9F)( A%F( '6*'&( +3( &/( %/,-+37-%( ./+( 3'( &%B+3( 0'
&/P-7-+36+(%7+*7%(,+(`-'&@(&/($%0%B*%@(&/(:/+B0'(F(/&6+,G(5&6%
+&( 0%( *%U23( :'*( 0%( ./+( &/( &+*123( 3+7+&-6%( 6+3+*( /3( B/+3
7'36+3-,'(BVB0-7'G
• 9'&(DE+,7.$+F)(+&6%(C+36+(+&6J(%0C'(,/B-6%36+(+3(7/%36'(%(0%
D+*,+%,( ,+( 0'( ./+( /&6+,( ,-7+( '( &/( %:0-7%B-0-,%,( +3( 0%( D-,%
,-%*-%G(5&6'&(:/+,+3( %:0-7%*(/3%(:*/+B%(P-0'&2P-7%(%(0'(./+
/&6+,(6-+3+(:%*%(,+7-*)(b5&(0%(D+*,%,(7'A+*+36+c(b5&(+0(&+*123
7'3&-&6+36+c(o+3+*%01+36+(/6-0-U%3(/3%(:*/+B%(:*%C1J6-7%
&'B*+(+0(&+*123)(b5&(0%(D+*,%,(:*J76-7%c(bQ/37-'3%c($/+,+3
,+7-*)(H$%&6'*@(0'(./+(/&6+,(,-7+(&/+3%(B/+3'(,+&,+(+0(:a0:-6'@
:+*'(3'(P/37-'3%(+3(0%(D-,%(*+%0GI
X&6+,(:/+,+(7'3P*'36%*(7'1B-3%7-'3+&(,+(+&6%&(%76-6/,+&(+3
,-P+*+36+&(1'1+36'&(,/*%36+(&/(1+3&%K+@(F(%(D+7+&(,+(:%*6+(,+
0%(1-&1%(:+*&'3%G(Y'3&-,+*+(,+(./M(1%3+*%(,+B+(/&6+,(,-&+O%*
+0(&+*123(:%*%(+37'36*%*&+(7'3(+00'&(+3(+0(3-D+0(,+(&/&(%76-6/,+&
:%*%(00+D%*0'&(%0(3-D+0(./+(`-'&(,+&+%(:%*%(+00'&G(X3(1-3-&6+*-'
+=:'&-6-D'( 0+( :+*1-6-*J( A%7+*( /3%( -1:*+&-23( &+1%3%0( +3( &/
:%&-D-,%,@(-C3'*%37-%(/(A'&6-0-,%,(:%*%(+./-:%*0'&(:%*%(0%(:-+,%,
F(+0(&+*D-7-'G
L%F(/3(7/%*6'(C*/:'(,+(:+*&'3%&G(5&6'&(&'3(0'&(1J&(PJ7-0+&
:%*%(:*+,-7%*G(5&6J3(%3&-'&'&(F(1'6-D%,'&(:%*%('V*(F(A%7+*(0%
!>>
!"#$%&#%$'(')("'$*+,
$%0%B*%( ,+( `-'&G( eT+( :*+'7/:%3@( 7'3'7+3( F( 7*++3f( 5&6'&( 0'

,+&%PV%3( %( -1:%76%*0'&( 7'3( 0%( D+*,%,( ,+( `-'&( ,+( 1','( ./+
:/+,%3(00+C%*(%(&+*(1J&(:-%,'&'&G
X3%(D%*-+,%,(,+(%/,-+37-%&(:%*%(0%(:*+,-7%7-23(3+7+&-6%(,+
/3%( D%*-+,%,( ,+( %:*'=-1%7-'3+&( %( 0%( :*+,-7%7-23G >( 53( +0
^:M3,-7+( #( A%F( -3P'*1%7-23( &'B*+( 0%( 7'1:*+3&-23( ,+( &/
%/,-+37-%G(X&+(0'&(-3,-7%,'*+&(&'7-'02C-7'&(F(:&-7'02C-7'&(./+
%00V(&+('P*+7+3(:%*%(,-&+O%*(&/(&+*123(,+(1','(./+(&/(%/,-+37-%
%7+:6+(F('B+,+U7%(&/(:*':'&-7-23(7+36*%0G
C%#.*7#*.!,/$(,7*$.1+
9%(+&6*/76/*%(,+0(7/+*:'(,+0(&+*123(&+*J(&-1-0%*(R3'(-,M36-7%S
%(0%(+&6*/76/*%(,+0(6+=6'G(T-(&/(6+=6'(6-+3+(6*+&(:/36'&(:*-37-:%0+&@
+0(7/+*:'(,+(&/(&+*123(C+3+*%01+36+(*+P0+K%*J(+&+(3a1+*'E+3
6+*1-3'0'CV%(7'36+1:'*-U%,%(F(7'37*+6%G(T-(&/(+&6*/76/*%(6+3V%
,'&(&/BZ:/36'&(B%K'(&/(:*-1+*(:/36'(:*-37-:%0@(0'(1-&1'('7/**-*J
7'3(+0(7/+*:'(,+(&/(&+*123G
g-*+1'&(/3(,-%C*%1%(,+(+&6%(*+0%7-23G
24"/(B(CD'5#/E 24"/( F( CG'$*+,E

(((!G(]+*&V7/0'&(!Z< ="#.+/*77'6"
(((>G(]+*&V7/0'&(;Z4 G*$.1+
(((<G(]+*&V7/0'(#ZN !G(]+*&V7/0'&(!Z<
>G(]+*&V7/0'&(;Z4
<G(]+*&V7/0'&(#ZN
G+"7(*%'6"
^&V( ./+@( 0%( +&6*/76/*%( ,+0( 7/+*:'( ,+0( &+*123( ,+:+3,+( ,+( 0%
+&6*/76/*%(,+0(6+=6'G
^0C/3%&(D+7+&(0'&(+&6/,-%36+&(:*+C/36%3(&-(0%(&+7/+37-%(,+0
7/+*:'(,+0(&+*123(&+*J(0%(1-&1%(./+(0%(,+0(6+=6'G(o+3+*%01+36+
+&(%&V@(:+*'(,+:+3,+(,+0(,-&+O'(,+0(&+*123G(T-(+0(:*':2&-6'(R$%&'
;S(,+0(&+*123(&+(7/1:0+(1+K'*(1+,-%36+(/3(*+'*,+3%1-+36'(,+
0'&( :/36'&( :*-37-:%0+&( :%*%( A%7+*( 70%*'( &/( 'BK+6-D'@( :/+,+
!><
2$'13&4&3+,(!56/"3#374
:*+,-7%*(:*-1+*'(&'B*+(0'&(D+*&V7/0'&(;(%0(4@(&-C/-+3,'(7'3(0'&
D+*&V7/0'&(#(F(N@(F(7'36-3/%3,'(7'3(0'&(D+*&V7/0'&(!(%0(<G(QVK+&+@
3'('B&6%36+@(./+(0'&(%$-0$"#+%,,+0(:%&%K+(&+(1%36+3C%3(/3-,'&G
5&6'(+&@(3'(,+B+*V%(:*+,-7%*(&'B*+(0'&(D+*&'&(;(F(8(7'1'(/3%
&'0%(/3-,%,@(,%3,'(%(0'&(D+*&'&(;(F(8(+0(1-&1'(:+&'(./+(%0(D+*&'
4@(&-(0'&(D+*&'&(;(%0(4(7'3P'*1%3(/3%(&'0%(/3-,%,G(`+B+(*+&:+6%*
0%&(,-D-&-'3+&(,+0(6+=6'G(l(7'3(1/7A%(P*+7/+37-%(&/(&+*123(*+P0+K%*J
6%1B-M3(0%(&+7/+37-%(,+0(6+=6'G
$'*(P%D'*@(7'3&/06+(+0(^:M3,-7+(N(&'B*+(0'&(+0+1+36'&(,+(/3
B'&./+K'( 7'1:+6+36+G( W*+D+1+36+@( &/( B'&./+K'( +=A-B-*J( 0%&
&-C/-+36+&(7%*%76+*V&6-7%&G<
H"'/!/I+0(&+*123(7'1'(/3(6','
>./$"I0%&(:%*6+&(,+0(&+*123(6%0(7'1'(&+(*+0%7-'3%3(7'3(6','(+0
&+*123
;.+1+.7'6"I0%*C'(%:*':-%,'(,+(0%&(:%*6+&
;.+-.$%+I721'((7%,%(:/36'(:*-37-:%0(-1:/0&%(%0(&+*123(A%7-%
%,+0%36+
Y%,%(:/36'(,+0(B'&./+K'@(+&:+7-%01+36+(0'&(:/36'&(:*-37-:%0+&
F( +0( :*-1+*( 3-D+0( ,+( &/B:/36'&@( +=A-B-*J( 0%&( &-C/-+36+&
7%*%76+*V&6-7%&)
;(!"#$!.,$(,!.-*0$"#+G(9%(%/,-+37-%(,+B+('V*(+0(%*C/1+36'
./+(/&6+,(+&6J(:0%36+%3,'G(5&6'(:/+,+(A%7+*&+(70%*%1+36+
7/%3,'(/&6+,(/&%(/3(0+3C/%K+(7'36+1:'*J3+'(F(7'37*+6'G
J&'.0!.,$(,!.-*0$"#+G(b`23,+(&+(+37/+36*%(+0(%*C/1+36'(+3
+0(6+=6'c(X&6+,(0+(,%(%/6'*-,%,(%0(%*C/1+36'(%P-*1J3,'0'
+3(+0(6+=6'G
K!('/!., $(, !.-*0$"#+G( 5=:0-./+( :'*( ./M( A%( +=6*%V,'( +&6+
%*C/1+36'(:%*6-7/0%*(,+0(6+=6'G
C81('7!., $(, !.-*0$"#+G( ^./V( /&6+,( +&7/,*-O%( +0( &-C3-P-7%,'
,+0(%*C/1+36'G(X&+(&/(+&6/,-'(R$%&'(!S(:%*%((%F/,%*(+3(0%
+=:0-7%7-23G(X&+(/3%(-0/&6*%7-23(:%*%(%F/,%*(%(0%(C+36+(%
+36+3,+*( +&6+( %*C/1+36'( 7'1'( +=6*%V,'( ,+( 0%( W-B0-%( F
*+P+*+36+(%(+00'&G(X&6+,(6%0(D+U('F2(%7+*7%(,+0(:*-37-:-'(,+
7'1/3-7%7-23(,+0(H1%*7'(,+(*+P+*+37-%GI(X3('*%,'*(,+B+
/6-0-U%*(+0(1%*7'(,+(*+P+*+37-%(,+(0%(%/,-+37-%(:%*%(+=:0-7%*
!>;
!"#$%&#%$'(')("'$*+,
/3(%*C/1+36'G(]%F%(,+(0'(7'3'7-,'(%(0'(,+&7'3'7-,'@(,+
0'( ./+( &/( %/,-+37-%( +36-+3,+( %( 0'( ./+( /&6+,( ./-+*+( ./+
+00'&(7'1:*+3,%3G
J1('2*$,$(,!.-*0$"#+G(^0C/3%&(D+7+&(+0(%*C/1+36'(3+7+&-6%
&+*(%:0-7%,'(+3(+&+(1'1+36'(F(0/C%*G(53('6*%&('7%&-'3+&@
3+7+&-6%(&+*(+=:0-7%,'(F(%:0-7%,'(0/+C'G(9%(%:0-7%7-23(,+
/3( %*C/1+36'( ,+:+3,+( ,+( 0%( +&6*/76/*%( ,+( ,-&+O'( ,+0
&+*123(F(,+(721'(:-+3&%(/&6+,(./+(+0(:*':2&-6'(,+0(&+*123
&+(7/1:0-*J(1+K'*G(gJ&(%,+0%36+(+3(+&6+(7%:V6/0'(6*%6%*+1'&
1J&(&'B*+(721'(A%7+*(%:0-7%7-'3+&(%:*':-%,%&G
o+3+*%01+36+@(+3(/3(&+*123(,+,/76-D'('(,'3,+(7%,%(:/36'
:*-37-:%0(+&(/3%(/3-,%,(+3(&V(1-&1'@(0%(%:0-7%7-23(&+(A%7+(+3
7%,%(:/36'G($*+,-7%1'&(+0(:*-1+*(:/36'(F(0/+C'(0%(%:0-7%7-23@(+0
&+C/3,'(:/36'(F(0/+C'(0%(%:0-7%7-23@(F(%&V(&/7+&-D%1+36+G(53
/3%(+&6*/76/*%(-3,/76-D%('(,'3,+(7%,%(:/36'(:*-37-:%0(00+C%(%(/3
70V1%=('(%(0%(:*':'&-7-23(7+36*%0(,+0(&+*123@(0%(%:0-7%7-23(:/+,+
/B-7%*&+(A%7-%(+0(P-3%0G
50(,-&+O'(,+,/76-D'(+&(/3(,-&+O'(1J&(&-1:0+(:%*%(&+C/-*(F
1/7A'&(&+*1'3+&(6-+3+3(+&6+(,-&+O'G(Y%,%(:/36'(:*-37-:%0(RF@
./-UJ&@( +0( :*-1+*( 3-D+0( ,+( &/B:/36'&S( &-C/+( 0%&( 7%*%76+*V&6-7%&
%36+*-'*1+36+( 1+37-'3%,%&G( X3( ,-&+O'( -3,/76-D'( &-C/+( +&+
P'*1%6'@(:+*'(0%(%:0-7%7-23(D-+3+(,+&:/M&G
9%(6%B0%(&-C/-+36+(1/+&6*%(0'&(,-&+O'&(,+,/76-D'(+(-3,/76-D'G
5&6'F(/&%3,'(/3%(+&6*/76/*%(6+=6/%0(,+(,'&(:/36'&(R,+0($%&'(>S@
6*%,/7-,%(+3(0%(+&6*/76/*%(,+(,-&+O'(R$%&'(4SG
((((((((((H'1%&#37/(((((((((((((((((((((((((((((((I,1%&#37/
\G(\36*',/77-23 \G(\36*',/77-23
((((((($YT(+=:*+&%,%(7'1:0+6%1+36+ ((($YT(+=:*+&%,%(:%*7-%01+36+
\\G(Y/+*:' \\G(Y/+*:'
^G(Y%*%76+*V&6-7%& ^G(Y%*%76+*V&6-7%&
((((((((((((^:0-7%7-23 WG(Y%*%76+*V&6-7%&
(((((((WG(Y%*%76+*V&6-7%& ^:0-7%7-23
((((((((((((^:0-7%7-23 R:/+,+(/B-7%*&+(%./VS
\\\G(Y'370/&-23 \\\G(Y'370/&-23
((((R:/+,+(-370/-*(%:0-7%7-23S
!>8
2$'13&4&3+,(!56/"3#374
L.!"%'7'+"$%
^(1+,-,%(./+(/&6+,(:-+3&%(+0(B'&./+K'(,+0(7/+*:'(,+0(&+*123(F
0'&(:/36'&(:*-37-:%0+&@(3+7+&-6%*J(6*%3&-7-'3+&(%:*':-%,%&(:%*%
*+0%7-'3%*(7%,%(:%*6+(,+0(B'&./+K'(7'3(+0(6+1%('(7'3(0%(&+77-23
:*+D-%G( 9%&( 6*%3&-7-'3+&( 0'C*%3( P0/-,+U( ,+( :+3&%1-+36'( F
7'1:*+3&-23G( ( T-*D+3( 7'1'( :/+36+&( +36*+( 0%&( :%*6+&( '
1'D-1-+36'&( ,+0( &+*123( ,+( 1','( ./+( 0%( %/,-+37-%( 3'( 6+3C%
./+(&%06%*(*V'&(-36+0+76/%0+&('(:&-7'02C-7'&G(9%&(,+70%*%7-'3+&(,+
6*%3&-7-23( C%*%36-U%3( ./+( 0%( %/,-+37-%( &+C/-*J( +0( :*'C*+&'( ,+0
&+*123G
9%&(6*%3&-7-'3+&(&20-,%&(0+(:+*1-6+3(%0(:*+,-7%,'*)
•(*+:%&%*(+0(6+1%(,+0(&+*123(&-3(1'3'6'3V%
•(:*'C*+&%*(&-3('B&6J7/0'&
•(7'3+76%*(0%&(:%*6+&(&-3(7'3P/&-23
•(*+7'*,%*(+0(&+*123(&-3(1+1'*-U%7-23(1+7J3-7%
•(:*+&+*D%*(0%(+&6*/76/*%(:0%3+%,%(,+0(&+*123
X3%(,+70%*%7-23(,+(6*%3&-7-23(%:*':-%,%@(+36'37+&@(7'36*'0%
F(C%*%36-U%(0%(/3-,%,@(+0('*,+3(F(+0(:*'C*+&'(,+0(&+*123G
=4"( #$4,"3&3/,'"( 94$4,#3J4,
X3-,%,
i*,+3
$*'C*+&'
X&%3,'(0%(1+6JP'*%(,+(3/+&6*'&(A/+&'&@(0%&(6*%3&-7-'3+&(1/+&6*%3
0%&( 7'3+=-'3+&( +36*+( 0'&( A/+&'&( C*%3,+&@( +36*+( 0'&( A/+&'&
:+./+O'&@(F(+36*+(0'&(C*%3,+&(F(0'&(:+./+O'&G
^./V(A%F(%0C/3%&(70%&+&(,+(6*%3&-7-'3+&(7'3(+K+1:0'&G(X&6+,(7*+%*J
+&6%&('*%7-'3+&(,+(%7/+*,'(%(&/(+&6*/76/*%(,+0(7/+*:'(R+&6*/76/*%
,+(,-&+O'(F(+&6*/76/*%(,+0(7/+*:'SG
!>4
!"#$%&#%$'(')("'$*+,
• L.!"%'7'+"$%, $", &+.0!, /$, &.!%$%)( 7'3K/37-'3+&( F( P*%&+&

7''*,-3%,%&(6%0+&(7'1'("+,%6(+,$%#+,%'"+@(!,7+"#'"*!7'6"@
1+.,7*!"#+@(!/$0:%@(1+.,$(,7+"#.!.'+G
• L.!"%'7'+"$%, $"#.$, 1*"#+%)( *+:%&%*( /3( :/36'( %36+&( ,+
:*'&+C/-*(7'3(+0('6*'G(L%F(1/7A%&(1%3+*%&(,+(A%7+*(+&6')
L.!"%'7'+"$%,7.+"+(6-'7!%)(H`+(1','(./+@(+0(:*-1+*(:/36'
7'3&-,+*%,'(P/+(GGGI(HÂ'*%(:%&%1'&(%0(&+C/3,'(:/36'GI
E,L.!"%'7'+"$%,(6-'7!%)(/&%,%&(:%*%(7'3&6*/-*(/3(%*C/1+36'
F(&+,+37/+36*%3(7'3(P*+7/+37-%(+3(,-&+O'&(-3,/76-D'&G
E,L.!"%'7'+"$%,0$#!&6.'7!%)(/&+(1+6JP'*%&(:%*%(*+:*+&+36%*
0'&,:/36'&G($',*V%(/&%*(0%(1+6JP'*%(,+(0%(7'3&6*/77-23E
H50(((P/3,%1+36'(,+(3/+&6*%(P+(+&(GGGh(9%(&/:+*+&6*/76/*%(+&
GGGI($/+,+(/&%*(0%(1+6JP'*%(,+(0'&(*%F'&(,+(/3%(*/+,%EH50
:*-1+*(*%F'(+*%(GGGh(+0(&+C/3,'(*%F'(+*%(GGGI
E,L.!"%'7'+"$%,1%'7+(6-'7!%)(/&+(%&'7-%7-'3+&(F%(+3(0%(1+36+
,+( 0%( %/,-+37-%@( +3( 0/C%*( ,+( 6M*1-3'&( 7*'3'02C-7'&( '
02C-7'&EHL+1'&(D-&6'(./+(GGGh(%A'*%(6+3+1'&(./+(D+*(GGGI
• L.!"%'7'+"$%,&M%'7!%)(/&6+,(6%1B-M3(:/+,+(-3,-7%*(6*%3&-7-'3+&
+36*+( :/36'&( F( &/B:/36'&( %( 6*%DM&( ,+( C+&6'&@( :'&6/*%( '
:'&-7-23G(53(7-+*6'&(&+C1+36'&(,+0(&+*123(/&6+,(:/+,+(/&%*
&/&(,+,'&('(-370/&'(+0(0/C%*(,'3,+(+&6J(:%*%,'(:%*%(1'&6*%*
/3%( 6*%3&-7-23G( ?*%6%*+1'&( 1J&( &'B*+( %&/36'&( ,+( 0%
:*+&+36%7-23(PV&-7%(+3(+0($%&'(#G
J1('7!7'6"
9%( +=:'&-7-23( BVB0-7%( &-3( %:0-7%7-23( 7'3,/7+( %( /3%

7'3&6-:%7-23( +&:-*-6/%0G( m'( A%F( 3-3Ca3( &+36-,'( +3( &+*
%7%,M1-7%1+36+(+=%76'(&-(0%(-3P'*1%7-23(3'(6*%3&P'*1%(%(0'&
'F+36+&G(9%(%:0-7%7-23(+&(+0(1'1+36'(7/%3,'(/&6+,(1/+D+(%(&/
%/,-+37-%(,+(&-1:0+1+36+(*+7-B-*(*+D+0%7-23@(%(0%(+=A'*6%7-23(+
-1:0+1+36%7-23( ,+( 0%( D+*,%,( ,+( `-'&G( 50( %:2&6'0( $%B0'@( 7'3
P*+7/+37-%(+3(&/&(+:V&6'0%&@(*+7/**+(%(/3%(%:0-7%7-23(7/%3,'(:%&%
,+(A%7+*(%&+D+*%7-'3+&(R+3(C*-+C'@(1','(-3,-7%6-D'S(%(2*,+3+&
R+3(C*-+C'@(1','(-1:+*%6-D'SG(X3%(%:0-7%7-23(%:*':-%,%(,+B+
&+*(7'3&6*/-,%(F(7'37*+6%(:%*%(&/(%/,-+37-%G
!>#
2$'13&4&3+,(!56/"3#374
• G+"%#.*'/!G( L+1'&( 3'6%,'( %36+&( 721'( 0%( 1-&1%( $YT( &+

%:0-7%(%(,-P+*+36+&(%/,-+37-%&(+3(,-D+*&%&(1%3+*%&G(9%(D%*-%B0+
+&( 0%( %/,-+37-%G( L%F( D%*-%B0+&( 7/06/*%0+&@( +7'321-7%&( F
%1B-+36%0+&G(`+B+1'&(7'3&6*/-*(F(%,%:6%*(0%(%:0-7%7-23(:%*%
0%(%/,-+37-%G(50(:*'7+&'(A%B*J(7'1+3U%,'(F%(+3(+0($%&'(!
RD+*(:JC&G(G(G(GS(F(&+(7*-&6%0-U%(+3(+0($%&'(;(7/%3,'(/&6+,(+0%B'*%
+0(:*':2&-6'(,+0(&+*123G(Â'*%(+3(0%(%:0-7%7-23(/&6+,(7*/U%
'6*'(/1B*%0G(X&6+,(+=:*+&%(0%(,+1%3,%(,+(`-'&(+3(6-+1:'
:*+&+36+G( m'( +&( &/P-7-+36+( ,+7-*0+( %( &/( %/,-+37-%( ./+( `-'&
./-+*+(./+(&+%3(&%36'&G(X&6+,(,+B+(7'1/3-7%*(721'(+&(&+*
&%36'&(+3(&/&(D-,%&(A'FG
• G+"7.$#!G( 9%( %:0-7%7-23( ,+B+( &+*( 7'37*+6%G( T-( /&6+,( +&
%B&6*%76'(7'3(&/(%:0-7%7-23@(&/(%/,-+37-%(6+3,+*J(%(:+3&%*
1J&(B-+3(+3(0%&(:%0%B*%&(./+(,-K'@(./+(+3(721'(+&%&(:%0%B*%&
,+B-+*%3( %P+76%*( &/&( D-,%&G( T+%( +&:+7VP-7'( %7+*7%( ,+( 0%&
+=:+76%6-D%&(,+(`-'&(:%*%(&/(:/+B0'G(m'(+&(&/P-7-+36+(,+7-*0+&
./+(`-'&(./-+*+(./+(&+%3(&%36'&G(X&6+,(,+B+(,%*(+K+1:0'&
+&:+7VP-7'&(,+(&%36-,%,(./+(&+%3(*+0+D%36+&(:%*%(&/(&-6/%7-23
A'FG
$%*%(7'3&6*/-*(&/(%:0-7%7-23(F(A%7+*0%(7'37*+6%@(3+7+&-6%(B/&7%*
7'**+0%7-23('(DV37/0'&(A'1-0M6-7'&(+36*+(0%(:*':'&-7-23(7+36*%0
,+0(6+=6'(R3'(&20'(,+0(&+*123S(F(&/(%/,-+37-%G(RY'1'(C/V%(&'B*+
/3%(7/-,%,'&%(%:0-7%7-23(,+(6+=6'&(3%**%6-D'&@(D+%(+0(^:M3,-7+
8GS(5&6'&(DV37/0'&(&'3(6+'02C-7'&(F(+&:-*-6/%0+&G($+*1V6%1+(A%7+*
/3%(0-&6%(,+(0%(70%&+(,+(7'**+0%7-'3+&(%(0%&(./+(%&:-*'(6+'02C-7%(F
+&:-*-6/%01+36+(+3(0%(Ba&./+,%(,+((7'36+1:'*-U%7-23@(/&%3,'
-0/&6*%7-'3+&( ,+0( :%&%K+( ,+( ^:'7%0-:&-&( ;( ./+( /6-0-U%1'&
%36+*-'*1+36+G
9%($Y?(./+(,+&%**'00M(+3(+0($%&'(<(:%*%(^:'7%0-:&-&(;G!Z!!
+*%(H0%(+=70/&-D%(&'B+*%3V%(*+%0(,+(`-'&(:%*%(C'B+*3%*(&'B*+(0%&
7/+&6-'3+&(,+(0%(A-&6'*-%(+&(*+7'3'7-,%(:'*(0'&(*+&-,+36+&(,+0(7-+0'GI
L%F(DV37/0'&(6+'02C-7'&(F(+&:-*-6/%0+&(./+(:/+,+3(7'3+76%*(%(1-
%/,-+37-%(7'3(0%($Y?G
•(KM"7*(+%,#$+(6-'7+%@
E(9%(3%6/*%0+U%(,+(`-'&(F(&/&('B*%&G(_+7'3'7+1'&(./+(`-'&
*+-3%(F(./+(,+B+(&+*(`-'&G
!>N
!"#$%&#%$'(')("'$*+,
E( 9%( 3%6/*%0+U%( ,+0( :/+B0'( ,+( `-'&G( L%F( DV37/0'&

7'1/3-6%*-'&( '( +70+&-'02C-7'&)( +GCG@( 0'&( D+-36-7/%6*'
%37-%3'&(F(+0(:/+B0'(*+,-1-,'G
E( 9%( 3%6/*%0+U%( ,+( 0%( 7*+%7-23d0%&( 7*-%6/*%&G( 9'&( J3C+0+&
%,'*%3(%(`-'&h(3'&'6*'&(6%1B-M3(,+B+1'&(A%7+*0'G
• KM"7*(+%, $%1'.'#*!($%@( %&:+76'&( +=-&6+37-%0+&@( ,-3J1-7'&( F

:+*&'3%0+&(,+(0%&(*+0%7-'3+&(7'3(`-'&G($*+C/36')(bn/M(:%&%B%
7'3( 0%( :*-1+*%( %/,-+37-%c( b5=:+*-1+36%B%( %0C/-+3( +3( +&+
1'1+36'(+0(+&:V*-6/(,+0(%36-7*-&6'(,+(/3%(&'B+*%3V%(7+36*%,%
+3(&V(1-&1'c(b`+(./M(%&/36'(+&6%B%(A%B0%3,'(k/%3c(bn/M
&%7%*'3( ,+( +&6+( :%&%K+c( Q'*1/0+( 0%&( :*+C/36%&( &-C/-+36+&
%7+*7%(,+(0%(3%6/*%0+U%(,+(0%&(:+*&'3%&(+36'37+&(F(%A'*%G
E(b53(./M(3'&(:%*+7+1'&c(m'&'6*'&(6%1B-M3(:+*6+3+7+1'&
%(`-'&(F(,+B+1'&(%,'*%*G
E(b53(./M(3'&(,-P+*+37-%1'&c(m'(&'1'&(*+&-,+36+&(,+0(7-+0'G
R?+3,*V%(./+(1'&6*%*(:'*(./M(3'(&+*(7'1'(0'&(*+&-,+36+&
,+0(7-+0'(3'(3'&(+=7/&%(,+(0%(70%&+(,+(%,'*%7-23(./+(+00'&
,%3(%(`-'&GS
E(b53(./M(,+B+*V%1'&(&+*(7'1'(+00'&c(53(0%(%,'*%7-23G
E(b53(./M(,+B+*V%1'&(&+*(,-P+*+36+&(%(+00'&c(^0C/3'&(P/+*'3
6+36%,'&( %( %B%3,'3%*( %0( `-'&( ./+( C'B-+*3%( 0%( A-&6'*-%
7/%3,'( 0%( D-,%( &+( A-U'( ,-PV7-0( B%K'( +0( ^36-7*-&6'G( RX&6+,
:',*V%( A%B+*( 6*%6%,'( +&6+( %&:+76'( ,+0( 6+=6'( F( A%B+*
:0%36+%,'(/3(:*':2&-6'(6'6%01+36+(,-P+*+36+(,+0(./+(F'
:0%36+MG(l'(./-&+(,+&%P-%*(%(7%,%(7*+F+36+(%(*+3/37-%*(%(0'&
,+*+7A'&(%0(6*'3'(,+(&/(D-,%GS
`+&,+( /3( :%3'*%1%( ,+( :'&-B-0-,%,+&( ,+( %:0-7%7-23( ,+

7'**+0%7-'3+&(A'1-0M6-7%&@(&+0+77-'3M(0%(%:0-7%7-23(:%*6-7/0%*(./+
:/+,+(7'3&6*/-*&+(F(A%7+*&+(7'37*+6%(,+(%7/+*,'(%0(:*':2&-6'
,+0(&+*123G(^36+&(,+(+0+C-*(0%(%:0-7%7-23@(D'0DV(%(0%($Y?(,+(1','
,+( &+*( P-+0( %0( 6+=6'( 1J&( B-+3( ./+( -1:'3+*( 1-&( 7%:*-7A'&( ,+
%:0-7%7-23(&'B*+(1-(%/,-+37-%G
!>[
2$'13&4&3+,(!56/"3#374
XB-7%3,'(0%(%:0-7%7-23
i6*%(D+U@(/&6+,(:/+,+(A%7+*(%:0-7%7-'3+&(+3(+0(7/+*:'(,+0(&+*123
R+3(/3%(+&6*/76/*%(,+(,-&+O'(,+,/76-D%S('(A%7-%(+0(P-3%0(,+0(&+*123
R+3(/3%(+&6*/76/*%(,+(,-&+O'(-3,/76-D%SG(X&6+,(:/+,+(/B-7%*(0%
%:0-7%7-23( 7/%3,'( F( ,'3,+( &+%( 3+7+&%*-%@( 6+3-+3,'( +3
7'3&-,+*%7-23(0'&(P%76'*+&(&-C/-+36+&)(0%(+&6*/76/*%(,+(,-&+O'(,+0
&+*123@(0%(+&6*/76/*%(,+0(7/+*:'(,+0(&+*123@(+0(:*':2&-6'(,+0
&+*123@(F(0%(:*':'&-7-23(7+36*%0(,+0(&+*123G(n/-UJ&(/&6+,(+&6M
+=:0'*%3,'(/3%(:%*6+(,+(0%(:*':'&-7-23(7+36*%0(,+0(&+*123(+3(/3
&+C1+36'( :%*6-7/0%*( ,+0( &+*123G( Y%:6+( +0( +&:%7-'( :%*%( 0%
%:0-7%7-23( +3( +&+( 1'1+36'G( T-( &/( %:0-7%7-23( ,+B-+*%( D+3-*( %0
P-3%0( ,+0( &+*123@( 3'( 0%( D+%( 7'1'( /3%( 1+*%( 3'6%( %0( :-+( ,+0
HD+*,%,+*'( 1%6+*-%0I( ./+( F%( A%( +36*+C%,'G( 9%( %:0-7%7-23( 3'
,+B+*V%(&+*(/3(%:M3,-7+(,+0(&+*123G(`+B+(&+*(,%,%(+3(+0(6-+1:'
F(0/C%*(%,+7/%,'&G
`+&%**'00%3,'(0%(%:0-7%7-23
$%*%(+0(P-3%0(,+0(&+*123(0%(%/,-+37-%(,+B+(6+3+*(0%&(*+&:/+&6%&(%
6*+&(:*+C/36%&(-1:'*6%36+&)
bA$,2*9(A%B02(+0(:*+,-7%,'*c
bC"#+"7$%,2*9(,-P+*+37-%(A%7+('(,+B-+*%(A%7+*c
bJB+.!,2*9(A%C'(7'3(0%&(,+1%3,%&(,+(`-'&(+3(+&6+(&+*123c
9%(:*':'&-7-23(7+36*%0(,+0(&+*123(F(+0(7/+*:'(,+0(&+*123
,+B+*V%3( *+&:'3,+*( 0%( :*-1+*%( :*+C/36%( Rb,+( ./M( A%B02( +0
:*+,-7%,'*cSG(9%(%:0-7%7-23(F(0%($YT(+&6-0-U%,%((6*%6%(0%(&+C/3,%
Rb+36'37+&( ./M( ,-P+*+37-%( A%7+cSG( 9%( %:0-7%7-23( 6%1B-M3( &+
7+36*%*J(&'B*+(0%(6+*7+*%(:*+C/36%(Rb%A'*%(./M(A%C'cSG
50(:*':2&-6'(./+(/&6+,(,+&%**'002(+3(+0($%&'(;(0'(%F/,%*J(%
D+*(./M(%:0-7%7-23(,+B+*V%(A%7+*G(T/(:*':2&-6'(:/+36+(6*%62(0%&
:*+C/36%&)(&'B*+(0%(B%&+(,+(0%(:*':'&-7-23(7+36*%0(,+0(6+=6'@(b./M
./-+*+(`-'&(./+(1-(%/,-+37-%(+36-+3,%(F('B+,+U7%c(bn/M(./-+*+
`-'&(./+(F'(0'C*+(7'3(+0(&+*123c(50(:*':2&-6'(./+(/&6+,(+&7*-B-2
A%B*J(7'36+3-,'(0%(:%0%B*%(1!.!@(&+C/-,%(:'*(/3(D+*B'(,+(%77-23
+=:0V7-6'(F(%:*+1-%36+G(R53(C*%1J6-7%(+&6'(&+(00%1%(-3P-3-6-D'GS
!<"
!"#$%&#%$'(')("'$*+,
g+,-'( &+*-%1+36+@( :+*1V6%1+( A%7+*( /3%( 0-&6%( ,+( %0C/3'&

D+*B'&(,+(:*':2&-6'(./+(7'1-+3U%3(7'3(0%(0+6*%(Y)(7'3&+C/-*@
7'3P*'36%*@(7'3D+37+*@(7'3,+3%*@(7'**+C-*@(7'3P'*6%*G(Re$+*'(3'
-36+36+(7'3D+*6-*@(:'*./+(+&6%(+&(0%(*+&:'3&%B-0-,%,(,+0(5&:V*-6/
T%36'h(3-(7'+*7+*@(:'*./+(3-(`-'&(A%7+(+&'fS
^(:%*6-*(,+(0%(,+70%*%7-23(,+0(:*':2&-6'@(./+(7'1-+3U%(7'3(+0
-3P-3-6-D'(F(+&6J(B%&%,%(+3(0%($Y?@(+&7*-B%(*+&:/+&6%&(:%*%(0%&
:*+C/36%&( ./+( 7'1-+3U%3( 7'3( H+36'37+&( ./MI( F( H%A'*%( ./MI
7'1'(*+7/*&'&(:%*%(0%(%:0-7%7-23G(`+(A+7A'@(/&+(/3%(A'K%(,+
:%:+0(&+:%*%,%(:%*%(0%&(*+&:/+&6%&(%(7%,%(/3%(,+(+&6%&(:*+C/36%&G
9/+C'( :/+,+( ,+&A%7+*&+( ,+( 0%&( %:0-7%7-'3+&( -3%:*':-%,%&( F
+=6*%O%&G
X3(&+*123(6-+3+(,'&(6-:'&(,+(%:0-7%7-'3+&);
!G ?+3&-23(F(7'1:0-7%7-23(:%*%(00+C%*(%(&+*('(&+*(/3(7*-&6-%3'
•(?+3&-'3+&(+&:-*-6/%0+&('(3+7+&-,%,+&(+&:-*-6/%0+&
•(?+3&-'3+&(-36+0+76/%0+&('(3+7+&-,%,+&(6+'02C-7'dP-0'&2P-7%&
•( ?+3&-'3+&( +1'7-'3%0+&( '( 3+7+&-,%,+&( *+0%7-'3%0+&d
:&-7'02C-7%&
•( ?+3&-'3+&( PV&-7%&( F( '6*%&( 6+3&-'3+&( +=-&6+37-%0+&( '
3+7+&-,%,+&(,+(&/:+*D-D+37-%
>G T'0/7-23(F(*+&'0/7-23(,+(0%(6+3&-23
bn/M(6+3&-23(,+B-+*%(+D'7%*(+3(&/(3+7+&-,%,(-36*',/76'*-%(F
+&:+*%*(./+(+0(&+*123(*+&:'3,%c(W/+3'@(+3(0%(+=:'&-7-23(6+=6/%0@
+0(1%*7'(,+(0%&(6+3&-'3+&(D-+3+(,+(0%($Y?G(9%&(*+&:/+&6%&(F(0%
%:0-7%7-23( ,+( 0%( &'0/7-23( D-+3+3( ,+( 0%( 7'**+0%7-23( +36*+( 0%
:*':'&-7-23(7+36*%0(,+0(&+*123(F(0%(D-,%@(%(6*%DM&(,+0(:*':2&-6'
:/+36+G(i(:%*%(:'3+*0'(,+('6*%(P'*1%)
• 50(H./MI(D-+3+(,+(0%(%/6'*-,%,(,+(0%&(5&7*-6/*%&(./+(7/01-3%
+3(0%(:*':'&-7-23(7+36*%0(,+0(6+=6'G
• 50( H+36'37+&( ./MI( D-+3+( ,+( 0%( %/6'*-,%,( ,+( 0%( D-,%@( 7'3( +0
:*':2&-6'(:/+36+(B%&%,'(+3(0%(:*':'&-7-23(7+36*%0(,+0(6+=6'@
./+(,%(7'1'(*+&/06%,'(0%(:*':'&-7-23(7+36*%0(,+0(&+*123G50
H%A'*%(./MI(D-+3+(,+(0%(%/6'*-,%,(,+0(:*+,-7%,'*(+3(7/%36'
!<!
2$'13&4&3+,(!56/"3#374
+37%*3%( F( 7'36+=6/%0-U%( 0%&( +=:+76%6-D%&( ,+( `-'&( +3( /3

+&7+3%*-'(7'36+1:'*J3+'G8
L%F(7-37'(%*+3%&(,+(0%(D-,%(,'3,+(0%(D+*,%,(,+B+(%:0-7%*&+
Rb+36'37+&(./McS(F(&+*(+&:+7-P-7%,%(Rb%A'*%(./McSG($-+3&+(+3(+&6%&
7-37'(%*+3%&(%0(,+&%**'00%*(&/&(%:0-7%7-'3+&(:%*%(,+&7/B*-*(721'
0%(D+*,%,(,+(`-'&(A%*J(0%(,-P+*+37-%(F(721'(00%1%*J(%(&/(:/+B0'
%(0%('B+,-+37-%G
K$',4"(1'(46)3&4&3+,(1'()4(7314
n/M(70%&+(,+(:+*&'3%(./-+*+(`-'&(./+(00+C/+1'&(%(&+*(+3)
!G(9%(D-,%(:+*&'3%0
>G(9%(D-,%(+3(+0(A'C%*
<G(9%(D-,%(+3(+0(6*%B%K'('(+&6/,-'G
;G(9%(D-,%(+3(0%(-C0+&-%G
8G(9%(D-,%(+3(0%(7'1/3-,%,
^36+&(,+(A%B0%*(+3(/3%(-C0+&-%(+3(T%3(^36'3-'@(?+=%&@(+0(:%&6'*
1+( 7'3,/K'( %( &/( +&6/,-'G( T'B*+( 0%( :%*+,( %**-B%( ,+0( +&7*-6'*-'
6+3V%(/3%(7/%36%&(:*+C/36%&(./+(A%7V%(&'B*+(7%,%(&+*123(./+(M0
:*+,-7%B%G(9%&(7'1:%*6'(7'3(/&6+,)
!%05$&'7/&0/'8,$"'"$65/05/,'/%$&'
Y21'(,+B-+*%(%P+76%*(+&6%(D+*,%,
!G m/+&6*%&(%76-6/,+&(A%7-%(`-'&@(0'&('6*'&@(0%&(7-*7/3&6%37-%&
>G m/+&6*'(7'3'7-1-+36'(,+(`-'&
<G m/+&6*%(7'3,/76%EAJB-6'&(%(,+&%**'00%*@(AJB-6'&(./+(7%1B-%*@
AJB-6'&(%(7'3P-*1%*
;G m/+&6*%&(*+0%7-'3+&Eb,23,+(3+7+&-6'(:+*,'3%*@(B/&7%*(:+*,23@
%0+36%*@(*+:*+3,+*@(&'1+6+*1+@(0-,+*%*c
8G m/+&6*%&( 1'6-D%7-'3+&Eb+&6'F( A%7-+3,'( +0( B-+3( :'*( *%U'3+&
+./-D'7%,%&c
4G m/+&6*'&(D%0'*+&(F(:*-'*-,%,+&Eb./-M3('(./M(D-+3+(:*-1+*'c(bn/-M3
'(./M(,+B+*V%(D+3-*(:*-1+*'c
#G m/+&6*'(7%*J76+*
!<>
!"#$%&#%$'(')("'$*+,
g+U70+(+&6%&(%D+3-,%&(,+(%:0-7%7-23(7'3(0%&(%*+3%&(,+(%:0-7%7-23
F( +0%B'*+( :0%3+&( ,+( *+&:/+&6%( F( %77-23( :%*%( /&6+,( F( &/
7'3C*+C%7-23G
`+&%**'00'(,+0(&+*123(7'3(%:0-7%7-23
Â'*%(-0/&6*%*M(0'&(1'D-1-+36'&(,+0(&+*123(A%7-%(0%(%:0-7%7-23@
/&%3,'(/3(6+=6'(,+(g%6+'G(^(7'36-3/%7-23(%:%*+7+(+0(6+=6'G
e50(:+*,23(0-B+*%f
g%6+'(!NG>!Z<8
>!(536'37+&($+,*'(&+(0+(%7+*72(F(0+(,-K')(T+O'*@(b7/J36%&(D+7+&
:+*,'3%*M(%(1-(A+*1%3'(./+(:+./+c(bL%&6%(&-+6+c
>>(k+&a&(0+(,-K')(m'(6+(,-C'(A%&6%(&-+6+@(&-3'(%/3(A%&6%(&+6+36%
D+7+&(&-+6+G
><($'*(0'(7/%0(+0(*+-3'(,+(0'&(7-+0'&(+&(&+1+K%36+(%(/3(*+F(./+
./-&'(A%7+*(7/+36%&(7'3(&/&(&-+*D'&G
>;(l(7'1+3U%3,'(%(A%7+*(7/+36%&@(0+(P/+(:*+&+36%,'(/3'
./+(0+(,+BV%(,-+U(1-0(6%0+36'&G
>8(^(M&+@(7'1'(3'(:/,'(:%C%*@('*,+32(&/(&+O'*(D+3,+*0+@(F
%(&/(1/K+*(+(A-K'&@(F(6','(0'(./+(6+3V%@(:%*%(./+(&+(0+(:%C%&+(0%
,+/,%G
>4( 536'37+&( %./+0( &-+*D'@( :'&6*%,'( 0+( &/:0-7%B%@( ,-7-+3,')
T+O'*@(6+3(:%7-+37-%(7'31-C'@(F(F'(6+(0'(:%C%*M(6','G
>#(50(&+O'*(,+(%./+0(&-+*D'@(1'D-,'(%(1-&+*-7'*,-%@(0+(&'062(F
0+(:+*,'32(0%(,+/,%G
>N($+*'(&%0-+3,'(%./+0(&-+*D'@(A%002(%(/3'(,+(&/&(7'3&-+*D'&@
./+(0+(,+BV%(7-+3(,+3%*-'&h(F(%&-+3,'(,+(M0@(0+(%A'C%B%@(,-7-+3,')
$JC%1+(0'(./+(1+(,+B+&G
>[(536'37+&(&/(7'3&-+*D'@(:'&6*J3,'&+(%(&/&(:-+&@(0+(*'C%B%
,-7-+3,')(?+3(:%7-+37-%(7'31-C'@(F(F'(6+(0'(:%C%*M(6','G
<"(g%&(M0(3'(./-&'@(&-3'(P/+(F(0+(+7A2(+3(0%(7J*7+0@(A%&6%(./+
:%C%&+(0%(,+/,%G
<!( ]-+3,'( &/&( 7'3&-+*D'&( 0'( ./+( :%&%B%@( &+( +36*-&6+7-+*'3
1/7A'@(F(P/+*'3(F(*+P-*-+*'3(%(&/(&+O'*(6','(0'(./+(A%BV%(:%&%,'G
<>(536'37+&(00%1J3,'0'(&/(&+O'*@(0+(,-K')(T-+*D'(1%0D%,'@
6',%(%./+00%(,+/,%(6+(:+*,'3M@(:'*./+(1+(*'C%&6+G
!<<
2$'13&4&3+,(!56/"3#374
<<(bm'(,+BV%&(6a(6%1B-M3(6+3+*(1-&+*-7'*,-%(,+(6/(7'3&-+*D'@
7'1'(F'(6/D+(1-&+*-7'*,-%(,+(6-c
<;(536'37+&(&/(&+O'*@(+3'K%,'@(0+(+36*+C2(%(0'&(D+*,/C'&@
A%&6%(./+(:%C%&+(6','(0'(./+(,+BV%G
<8(^&V(6%1B-M3(1-($%,*+(7+0+&6-%0(A%*J(7'3(D'&'6*'&(&-(3'
:+*,'3J-&(,+(6','(7'*%U23(7%,%(/3'(%(&/(A+*1%3'(&/&('P+3&%&G
$%&'(<)($Y?p9%(P%06%(,+(D'0/36%,(,+0(&-+*D'(:+*,'3%,'(:%*%
:+*,'3%*(%(&/(,+/,'*(*+&/062(+3(+37%*7+0%1-+36'G
$%&'(;)(g-(:*':2&-6'(+&(7'3P*'36%*(0%(P%06%(,+(:+*,23(+3(0%&
D-,%&(,+(0%(C+36+(:+*,'3%,%G
$%&'(8)(X3%($YT(-3-7-%0(:',*V%(&+*(%&V)
L$0!)(bn/M('7/**+(&-(/&6+,+&(3'(:+*,'3%3c
N"&!%'%)(X&6+,+&(3'(,-&P*/6%*J3(,+(&/(:+*,23(F(&+*J3(%:*+&%,'&
:'*(0%(P%06%(,+(:+*,23G
`+&:/M&(,+(:+3&%*(F(6*%B%K%*(/3(:'7'(7'3(0%(7'36+1:'*-U%7-23@
+0%B'*M(/3%($YT(B%&%,%(+3(0%($Y?(F(:*'7+&%,%(%(6*%DM&(,+(1-
:*':2&-6'G(n/+*V%(%0C'(./+(1-(%/,-+37-%(*+7'*,%*%(7%,%(D+U(./+
3'(:+*,'3%*%3G(5&6%(+&(1-($YT)(OC(,1$./6",(+%,('?$.!P,(!,&!(#!,/$
1$./6",(+%,$"7'$..!QR
$%&'(4)(L%&6%(+&6+(1'1+36'@(+3(+&6+(7%:V6/0'(A+1'&(6*%B%K%,'
&'B*+(0%(+&6*/76/*%(,+(,-&+O'@(0%(-36*',/77-23@((F(0%(+&6*/76/*%(,+0
7/+*:'@(-370/F+3,'(0%&(6*%3&-7-'3+&(F(0%&(%:0-7%7-'3+&(,+0(&+*123G
="#.+/*77'6")(^./V(A%B0%*M(,+(0%(P%06%(,+(:+*,23(+3(0%&(D-,%&(,+
1-&('F+36+&G(b`23,+(:',*V%(&+*(./+(*+6%7+%*%3(+0(:+*,23(F(&+
%P+**%*%3(%(0%(-*%c(b53(7'36*%(,+(%1-C'&@(K+P+&@(1-+1B*'&(,+(0%
P%1-0-%@(723F/C+&@(:%,*+&c
$%*%(7/%3,'(6+*1-3+(0%(-36*',/77-23(1-(%/,-+37-%(&+36-*J(0%
6+3&-23(,+(0%(P%06%(,+(:+*,23G(?*%6%*M(,+(%F/,%*0'&(%(:+3&%*(+3
J*+%&(,+(%1%*C/*%G(9+&(:*+C/36%*M@(HbY/J36%&(D+7+&(6+3C'(./+
:+*,'3%*(%(%0C/-+3(./+(1+(A%7+(0'(1-&1'(/3%(F('6*%(D+UcI
4$"#$"7'!, /$, #.!"%'7'6")( $+,*'( 0+( A-U'( %( k+&a&( 0%( 1-&1%
:*+C/36%(RDG(>!SG
4*?<'"#.+/*77'6")(X&'(+0(6+=6'(:%*%(+&6%B0+7+*(+0(7'36+=6'(RDDG
>!Z>>SG
C%#.*7#*.!,/$(,7*$.1+)(R%A'*%(3'(0%(+&6*/76/*%(,+(,-&+O'SG
!<;
!"#$%&#%$'(')("'$*+,
((\G(50(:+*,23(0'&(0-B+*%(RDDG(>!Z>#SG
(\\G(9%(P%06%(,+(:+*,23(0'&(+37-+**%(RDDG(>NZ<8SG
J1('7!7'6"@(`%,'(./+(1-(:*':2&-6'(+&(7'3P*'36%*(0%(P%06%(,+
:+*,23(+3(0%&(D-,%(,+(1-(%/,-+37-%@(1-(M3P%&-&(:*-37-:%0(3'(&+*J
H50(:+*,23(0'&(0-B+*%GI(]'F(%(1+37-'3%*(+0(A+7A'(,+(./+(+00'&
+&6J3( &+36%,'&( +3( 0%( %/,-+37-%( 7'1'( :+*&'3%&( :+*,'3%,%&G
L%B0%*M( %7+*7%( ,+( 0%( ,+/,%( +3'*1+@( -1:%C%B0+( ,+/,%( ./+
,+BV%1'&( %( `-'&( F( 721'( P/-1'&( :+*,'3%,'&@( %0( -C/%0( ./+( +0
&-+*D'( %./+0( ,V%G( Â'*%@( &-( 1-( :*':2&-6'( +&( *+7'*,%*0+&( %( 0'&
7*+F+36+&(+0(C*%3(:+*,23(,+(`-'&@(,+B+*V%(6*%6%*(+0(H+36'37+&(./MI
F(+0(H%A'*%(./MI(7'3(*+P+*+37-%(%0(C*%3(:+*,23(,+(`-'&G
g-(:*':2&-6'@(&-3(+1B%*C'@(+&(7'3P*'36%*(0%(P%06%(,+(:+*,23
+3(1-(%/,-+37-%G($'*(0'(6%36'@(D'F(%(:%&%*(1/7A'(1J&(6-+1:'(+3
0%(%:0-7%7-23(,+0(:/36'(\\G(53(+&6+(7%&'@(+0(6+=6'(1-&1'(6-+3+(+0
H+36'37+&(./MI(*+&:'3,-,'G(T-(`-'&(0'&(A%(:+*,'3%,'@(+0(6+=6'
0'&(-3D-6%(%(6*%3&P'*1%*&+(+3(:+*&'3%&(:+*,'3%,'*%&G
Y/%3,'( 7'3&-,+*M( 0%&( 6*+&( :*+C/36%&( ./+( /3( &+*123( ,+B+
*+&:'3,+*(+3(*+0%7-23(%(+&6+(6+=6'@(+37'36*M(0'(&-C/-+36+G
• ST*9U(Rb`+(./M(D+*,%,(D'F(%(A%B0%*cS(e50(:+*,23(0-B+*%h(0%
P%06%(,+(:+*,23(7'3C+0%f
• SC"#+"7$%,2*9U(Rbn/M(,-P+*+37-%(,+B-+*%(A%7+*(0%(D+*,%,cS
X&6+,(,+B+(:+*,'3%*(%(&/(,+/,'*G(n/-UJ&(&+(6*%6%(,+(&/(+&:'&'
./+(A%(&-,'(3+C0-C+36+('(-3P-+0(:%*%(7'3(/&6+,G(?%0(D+U(+&(&/
+&:'&%(./+(3'(A%(&-,'(&/1-&%(+3(+0(A'C%*G(n/-UJ&(+&(/3(%1-C'
./+( 0'( A%( 6*%-7-'3%,'G( _+:%&%*M( 6%0+&( 7%6+C'*V%&( +3( 0%
-36*',/77-23(%0(&+*123G
• SJB+.!, 2*9U( RbY21'( ,+B-+*%( /&6+,( 'B+,+7+*( 0%( D+*,%,cS
bY21'(A%*J(:%*%(:+*,'3%*c(?+3,*M(D%*-%&(&/C+*+37-%&(:%*%
1-(C+36+G($*-1+*'@(D'0D+*(%(+3P'7%*&+(+3(+0(:+*,23(,+(`-'&(F
7'1:%*%*0'(7'3(0'(./+(&/('P+3&'*(A%(A+7A'(+3(7'36*%(&/F%G
bn/-M3(A%(7'1+6-,'(0%(P%06%(1J&(C*%3,+c(T-(%(/&6+,(&+(0+(A%
:+*,'3%,'(/3%(,+/,%(-1:%C%B0+@(b./M(,+B+(A%7+*(7'3(/3%
,+/,%(:%C%B0+c(T+C/3,'@(*+3/37-%*(%(7/%0./-+*(:+3&%1-+36'
&'B*+(+0(,+*+7A'(%(6'1%*(D+3C%3U%G(?+*7+*'@(*+,-&6*-B/-*(0%
7/0:%B-0-,%,(+3(0%('P+3&%G(m'(&+(:/+,+(7%*C%*(6',%(0%(7/0:%
&'B*+( &/( ,+/,'*G( Y/%*6'@( B/&./+( 1%3+*%&( +D-,+36+&( :%*%
!<8
2$'13&4&3+,(!56/"3#374
,+1'&6*%*(:+*,23G
5&:+*+(%0C/3%&(+=7/&%&('(:'*(0'(1+3'&(:*+C/36%&(&'B*+(&/
%:0-7%7-23G(^(0%(C+36+(R-370/-,'(F'S(0+(C/&6%(%:0-7%*(0%(D+*,%,(%
'6*'&(1J&(./+(%(&V(1-&1'&G(`+(1','(./+(/&6+,(6-+3+(./+(%36-7-:%*
%0C/3%&('BK+7-'3+&(./+(0%(C+36+(:/+,%(6+3+*(A%7-%(&/(&+*123G
X3%(,+(1-&(,+P-3-7-'3+&(,+(/3(&+*123(+P+76-D'(-370/F+(0%(:*'D-&-23
,+(*+&:/+&6%&(%(0%(:*+C/36%&(./+(0%(C+36+(6+3C%G
^./V(A%F(%0C/3%&(:*+C/36%&(%7+*7%(,+(0%(P%06%(,+(:+*,23(./+
F'(+&:+*'(./+(1-(%/,-+37-%(6+3C%G(9%(1%F'*V%(+&6%*J(,+36*'(,+
0%(-,+%(,+(0'&(Hl'(3'(7*+'I(RD+*(:JCG(G(G(GS(F(./+**J3(&%B+*(721'
':+*%(+3(&/&(D-,%&(0%(D+*,%,(,+(1-(&+*123(R0%(:*/+B%(:*%C1J6-7%SG
\36+36'(:*+:%*%*(*+&:/+&6%&(:%*%(&/&(:*+C/36%&G
bn/M(:%&%(&-(3'(&%B+(./+(1+(A%('P+3,-,'c
bm'( &+*J( 1-( :+*,23( 7'3&6%36+( ,+1%&-%,'( -3,/0C+36+c( $'*
+K+1:0'@( b3'( +&( :'7'( &%B-'( :+*1-6-*( ./+( /3( ,+/,'*( 7'36-3a+
:-,-M3,'1+(,-3+*'(:*+&6%,'c
bn/M(:%&%(&-(0%(*+0%7-23(+&(-**+7/:+*%B0+(E/3((723F/C+(%36+*-'*
./+(A%(D/+06'(%(7%&%*&+c
bn/M(:%&%(&-(+0('P+3&'*(+&6J(1/+*6'c
_+7/+*,+@( :%*%( 0%( C+36+@( &/( &+*123( +&( 7'1'( +0( D-&'*( +3( /3%
7J1%*%G(9%(C+36+(:/+,+(7'1+3U%*(%(6+3+*(/3%(-,+%(C+3+*%0(,+(0%
,+1%3,%( ,+( `-'&( %( :%*6-*( ,+0( 7/+*:'( ,+0( &+*123@( :+*'( 0%
%:0-7%7-23(./-6%(0'(B'**'&'(,+(0%(-1%C+3(F(0%(:'3+(%(P'7'(+3
P'*1%(,+P-3-,%(F(70%*%(:%*%(./+(:/+,%(&+*('B+,+7-,%G
=(*%#.!7'+"$%
50( ( -1:%76'( ,+( /3( &+*123( &-+1:*+( +&6J( 7'3+76%,'( %( 0%

-0/&6*%7-'3+&(./+(6-+3+G(5&6'(+&(%&V(+3(6','(+0(1/3,'G(9'&(B/+3'&
7'1/3-7%,'*+&(/&%3(1/7A%&(-0/&6*%7-'3+&(+P+76-D%&G($-+3&+(+3
6','&( 0'&( B/+3'&( :*+,-7%,'*+&( ./+( /&6+,( A%( +&7/7A%,'@
7'1+3U%3,'(7'3(+0(T+O'*(k+&a&G(T-3(+=7+:7-23@(&'3(+=7+0+36+&
3%**%,'*+&G(b$'*(./Mc($'*./+(0%&(A-&6'*-%&@('(0%&(-0/&6*%7-'3+&@
7/1:0+3(7'3(+0(:*-37-:-'(1J&(BJ&-7'(,+(0%(7'1/3-7%7-23G(90+D%3
%0('F+36+(,+(0'(7'3'7-,'(%(0'(,+&7'3'7-,'G
!<4
!"#$%&#%$'(')("'$*+,
50(D%0'*(,+(0%&(-0/&6*%7-'3+&
50( :*':2&-6'( ,+( 0%&( -0/&6*%7-'3+&( +&( -0/&6*%*G( 5&6J( 1%0( /&%*
-0/&6*%7-'3+&( 7'3( +0( :*':2&-6'( ,+( %0%*C%*( +0( &+*123G( 9%&
-0/&6*%7-'3+&(&+(/&%3(:%*%(%C*+C%*(70%*-,%,@(3'(0'3C-6/,G(L%7+3
+0(1%6+*-%0(+36+3,-B0+@(:+*'(3'(,+B-+*%3(&+*(+0(P'7'(7+36*%0(,+0
&+*123G(9%&(-0/&6*%7-'3+&(3'(&+(/&%3(:%*%(+36*+6+3+*(R%/3./+
:/+,%3(6+3+*(%0Ca3(D%0'*(,+(+36*+6+3-1-+36'S@(&-3'(./+(,+B+3
%F/,%*(%(0%(%/,-+37-%(%(+36+3,+*(+0(7'36+3-,'('(0%&(,+1%3,%&(,+
0'(./+(&+(+&6J(-0/&6*%3,'G(Y/%3,'(+37'36*%1'&(/3%(-0/&6*%7-23
:',+*'&%@( %0C/3%&( D+7+&( 3'&( &+36-1'&( 6+36%,'&( %( %,%:6%*( +0
&+*123( %( +00%G( 50( &+*123( +36'37+&( 6'1%( 0%( ,-*+77-23( ,+( 0%
-0/&6*%7-23@(F(0%(%/,-+37-%(&+(D%(*+7'*,%3,'(0%(-0/&6*%7-23(1J&
./+(+0(:/36'(./+(0%(-0/&6*%7-23(+&6%B%(*+&%06%3,'G(5&6%(+&('6*%
*%U23(:'*(0%(./+(+0(:*':2&-6'(:/+36+(+&(+=6*+1%,%1+36+(7*V6-7'G
50( :*':2&-6'( :/+36+( %F/,%*J( %( &+0+77-'3%*( 0%&( -0/&6*%7-'3+&
7'**+76%&G( 9%&( -0/&6*%7-'3+&( 3'( ,+B+*V%3( &+*( +0( 7+36*'( ,+( &/&
&+*1'3+&G(^/3./+(&+%3(+1-3+36+1+36+(:*+,-7%B0+&@(/&6+,(3'
+&6J(+3(/3(:a0:-6'(:%*%(:*+,-7%*(/3%(-0/&6*%7-23G(X&6+,(+&6J(%00V
:%*%( :*+,-7%*( 0%( W-B0-%( %( 6*%DM&( ,+( 1/7A'&( 1+,-'&( +P+76-D'&@
-370/F+3,'(-0/&6*%7-'3+&G
X3(B/+3(7'1/3-7%,'*(/&%*J(-0/&6*%7-'3+&@(:+*'(,+B+(/&%*0%&
+3(0'&(0/C%*+&(7'**+76'&@(+3(0'&(1'1+36'&(7'**+76'&(F(7'3(/3
:*':2&-6'(7'**+76'G
$+*1V6%1+(&/C+*-*(D%*-'&(B+3+P-7-'&(,+0(/&'(,+(-0/&6*%7-'3+&G
=4"(3)%"#$4&3/,'"(4:%14,(4('73#4$L
•(g%0+36+3,-,'
•(`-&6*%77-23
•(m+C0-C+37-%
•(g'3'6'3V%
•(^:%6V%
<, CV'#!., 0!($"#$"/'/+G( 9%&( -0/&6*%7-'3+&( -0/1-3%3G( ^**'K%3( 0/U

&'B*+(0'&(7'37+:6'&(F(0%(,-*+77-23(,+0(&+*123G(^F/,%3(%(0%(C+36+
%(+36+3,+*(F(%F/,%3(%0(:*+,-7%,'*(%(+=:0-7%*&+(%(&V(1-&1'G(53
!<#
2$'13&4&3+,(!56/"3#374
/3%( :*',/77-23( ,+( D-,+'@( &+( +37-+3,+3( 0/7+&( B*-00%36+&( :%*%

-0/1-3%*(0'&(,+6%00+&(,+(0'(./+(,+B+(7%:6%*&+(+3(+0(P-01G(`+(1%3+*%
&-1-0%*@(0%&(-0/&6*%7-'3+&(,%3(0/U(%(0'&(,+6%00+&(,+0(&+*123(+3(0%
1+36+(,+(0'&('F+36+&G(m'(&+(:/+,+3(A%7+*(B/+3'&(D-,+'&(+3(0%
'&7/*-,%,G
•,CV'#!.,#$/'+,W,/'%#.!77'6"G(T-(/&6+,(*+7'**+(+0(&-&6+1%(,+0(&+*123
6%0(7'1'(A%(&-,'(B'&./+K%,'(+3(+&6+(0-B*'@(/&6+,(6+3,*J(1/7A%&
7/+&6-'3+&(:%*6-7/0%*+&(:%*%(,%*(%(&/(C+36+G(`+&:/M&(,+0(+&6/,-'
+=+CM6-7'( ,+( 0%&( 5&7*-6/*%&@( /&6+,( :/+,+( 6+36%*&+( %( ,+&7%*C%*
1-3/7-%&(00+3%&(,+(D+*,%,(F(6*-D-%0-,%,+&(+=+CM6-7%&(&'B*+(/3%
%/,-+37-%( ./+( 1J&( B-+3( 7%*+7+( ,+( :*+:%*%7-23G
`+&%P'*6/3%,%1+36+@(0%(C+36+(:/+,+(%B/**-*&+(7'3(0%(D+*,%,@
+&:+7-%01+36+(&-(&'3(1-3/7-%&(7'3(:'7%(*+0+D%37-%(70%*%(:%*%
0'&( :/36'&( :*-37-:%0+&( ,+( &/( &+*123G( 5&( &/( *+&:'3&%B-0-,%,
%0-C+*%*( 0'( ./+( :/+,+( &+*( /3( :+&'( %C'B-%36+( +3( &/( &+*123@
-0/&6*%3,'(6','&(0'&(,+6%00+&(./+(&+%3(3+7+&%*-'&G(T/&(-0/&6*%7-'3+&
:/+,+3(-37+36-D%*(F(1%36+3+*(+0(-36+*M&(,/*%36+(+0(&+*123G
•,CV'#!.,"$-('-$"7'!Q,9%&(B/+3%&(-0/&6*%7-'3+&(3'(&20'(-37+36-D%3
+0( -36+*M&( &-3'( ./+( %0-+36%3( /3%( *+6+37-23( %( 0%*C'( :0%U'G( 9%&
-0/&6*%7-'3+&( &'3( 7'1'( P'6'C*%PV%&@( ./+( +D'7%3( 1+1'*-%&( ,+
+D+36'&( ,+( 1/7A'( 6-+1:'( %6*J&G( 9%&( -0/&6*%7-'3+&( 6%1B-M3
+&6-1/0%3(0%(-1%C-3%7-23(%(1+,-,%(./+(0%(C+36+(A%7+(%&'7-%7-'3+&
-36+0+76/%0+&( 7'3( 0'( ./+( F%( &%B+G( `+( +&6%( 1%3+*%@( 7'36-3a%3
'F+3,'(+0(&+*123(+3(&/&(1+36+&@(%a3(,+&:/M&(./+(+0(7/06'(A%
6+*1-3%,'G(9%&(-0/&6*%7-'3+&(%F/,%3(%(./+(0%(D+*,%,(1%*7A+(7'3
:-0'6'(%/6'1J6-7'(1-+36*%&(0%(C+36+(6*%3&-6%(&/&(D-%K+&(+&:-*-6/%0+&G
• , CV'#!., 7+"#$"'/+, W, !.-*0$"#+, 0+"6#+"+Q, ?','&( 0'&

:*+,-7%,'*+&(&+(+&6%37%3(+3(1','&(,+(:+3&%*(F(:*+,-7%*(./+
A%3(+37'36*%,'(+=-6'&'&G(^(1+3'&(./+(/&6+,(&+%(7*+%6-D'(:'*
3%6/*%0+U%@( 3+7+&-6%*J( 6*%B%K%*( :%*%( 0'C*%*( /3%( P'*1%( ,+
7'1/3-7%7-23( -36+*+&%36+G( X3%( 1%3+*%( ,+( 0-B+*%*&+( ,+( 0%
&+C/*-,%,(,+(0'(P%1-0-%*(+&(*'7-%*(&/&(&+*1'3+&(7'3(/3%(D%*-+,%,
,+( -0/&6*%7-'3+&G( 5&6'( ,+1%3,%( ./+( /&6+,( %1:0V+( &/( +&6-0'( ,+
:+3&%*(F(,+(A%B0%*G(X3%(D%*-+,%,(,+(-0/&6*%7-'3+&(%:+0%*J(%(/3%
!<N
!"#$%&#%$'(')("'$*+,
D%*-+,%,(,+('F+36+&G(9%(C+36+(K'D+3(%:*+7-%*J(+&:+7-%01+36+(0%&
B/+3%&(-0/&6*%7-'3+&G(Y/%3,'(0'&(3-O'&(Re3'(0'&(1V'&fS(A%0%C%3
1-(&+*123@(C+3+*%01+36+(&+(*+P-+*+3(%(1-&(A-&6'*-%&G(Q/+*'3(0%&
A-&6'*-%&(0%&(./+(0'&(A-7-+*'3(7'36-3/%*(+&7/7A%3,'G
•,CV'#!.,!1!#M!Q(X&M(0%(-0/&6*%7-23(,+(0%(7J1%*%(:%*%(1'&6*%*(7'1'
0%( %:0-7%7-23( :'3+( %( P'7'( +0( &+*123G( Y'3( P*+7/+37-%( +3( 0%
%:0-7%7-23@(/&6+,(+1:0+%*J(-0/&6*%7-'3+&(:%*%(,+&%P-%*(%(0%(C+36+
%( 0%( %77-23G( 9%&( -0/&6*%7-'3+&( ,/*%36+( 0%( %:0-7%7-23( '( +3( 0%
7'370/&-23( +3( *+%0-,%,( ,+1/+&6*%3( 0%( :'&-B-0-,%,( ,+
P/37-'3%1-+36'(,+0(&+*123(+3(0%(D-,%(*+%0G
9%(Ba&./+,%(,+(-0/&6*%7-'3+&
L+( 00+C%,'( %( 7'3D+37+*1+( ,+( ./+( +37'36*%*( -0/&6*%7-'3+&

%:*':-%,%&(+&(:%*6+(,+(0%(&/:+*D-&-23(,-D-3%(&'B*+(0%(:*+:%*%7-23
,+0(&+*123@(&-(+&(./+(/&6+,(0%&(A%(+&6%,'(B/&7%3,'(F('*%3,'(:'*
+00%&G(9%&(1+K'*+&(-0/&6*%7-'3+&(&+(+37/+36*%3(7/%3,'(/&6+,(+&6J
:+3&%3,'(&'B*+(0'(./+(./-+*+(-0/&6*%*G(T/(1+36+(+&6J(%P-3%,%(7'3
+0(:/36'(+&:+7VP-7'(F(&/&('K'&(+&6J3(7'1:*'1+6-,'&(%(+37'36*%*
-0/&6*%7-'3+&(:%*%(+&+(:/36'G
L%F(/3%(&'0%(1%3+*%(,+(7'3&+C/-*(-0/&6*%7-'3+&G(?-+3+(./+
'B&+*D%*(0%(D-,%G(W++7A+*(/&%(:%0%B*%&(BVB0-7%&(:%*%(,+7-*0+&(%(0'&
:*+,-7%,'*+&( 721'( +37'36*%*( -0/&6*%7-'3+&@( H?+3-+3,'( 'K'&@
,+B+3(D+*h(6+3-+3,'('V,'&@(,+B+3('V*@(F(6+3-+3,'(7'*%U23(,+B+3
+36+3,+*GI4( l( 0/+C'@( /&6+,( -3D+36%( +( -33'D%G( `+B+( /&%*( &/
-1%C-3%7-23(:%*%(6*%,/7-*(/3(+D+36'(,+(1','(./+(&+(%,%:6+(%(0'
./+(/&6+,(./-+*+G(e`+B+('B&+*D%*@('B&+*D%*@('B&+*D%*f
L%F(7/%6*'(P/+36+&(,+(-0/&6*%7-'3+&G
M%',#'"( 1'( 3)%"#$4&3/,'"L

T/(D-,%
9%(D-,%(,+('6*'
9%(D-,%(,+(6','&
9%(D-,%(,+(3%,-+
!<[
2$'13&4&3+,(!56/"3#374
T/(D-,%(:+*&'3%0(+&(/3%(P/+36+(+&:0M3,-,%(,+(-0/&6*%7-'3+&@(F
7'3(P*+7/+37-%(&'3(&/&(1+K'*+&(-0/&6*%7-'3+&@(:'*./+(/&6+,(0%&
7'3'7+(B-+3G(m/37%(:-,%(,-&7/0:%&(:'*(-0/&6*%7-'3+&(:+*&'3%0+&@
:+*'(6*%6+(,+(3'(&+*(+0(AM*'+(,+(0%(A-&6'*-%(6','(+0(6-+1:'G
X&6+,(:/+,+(-0/&6*%*(%(:%*6-*(,+(0%(+=:+*-+37-%(,+('6*'E%0C/-+3
+3(0%(%/,-+37-%@(+3(0%&(5&7*-6/*%&@(+3(0%(A-&6'*-%@('(+3(0%(0-6+*%6/*%G
?+3C%(7/-,%,'(,+(3'(,%*(-3P'*1%7-23(7'3P-,+37-%0G(T-(/&6+,(+&6J
/&%3,'(0%(A-&6'*-%(:%*%(-0/&6*%*@(%&+Ca*+&+(,+(./+(&/(C+36+(7'3'7+
+0( 7'36+=6'( ,+( 0'( ./+( *+0%6%G( 5&6'( +&@( 3'( /&+( +3( 0%( \3,-%( /3%
-0/&6*%7-23( ,+( 0%( o/+**%( Y-D-0( ^1+*-7%3%( &-3( /3%( %,+7/%,%
+=:0-7%7-23G( T-( /&6+,( +&( /3( +*/,-6'( F( ./-+*+( 7-6%*( %( 0-6+*%6'&
70J&-7'&@(*+7/+*,+(./+(&/(%/,-+37-%(:/+,+(3'(+&6%*(P%1-0-%*-U%,%
7'3(+00'&G(9'&(70J&-7'&(C*-+C'&(7'1'(L'1+*'('(^*-&626+0+&@(F(0'&
70J&-7'&(,+(0%(_+P'*1%(7'1'(0'&(+&7*-6'&(,+(Y%0D-3'(F(9/6+*'@
:/+,+3(&+*(%B/**-,'&(:%*%(%./+00'&(./+(3'(6-+3+3(3-3Ca3(6*%&P'3,'
,+(0%(7/06/*%('77-,+36%0G
?%1B-M3(:/+,+(-0/&6*%*(%(:%*6-*(,+(0%(+=:+*-+37-%(,+(6','&G
$'*(+K+1:0'@(:',*V%(-0/&6*%*(%(:%*6-*(,+(/3(6*-/3P'('(/3%(6*%C+,-%
./+(A%(%P+76%,'(%(6','&(+3(&/(%/,-+37-%G(n/-UJ&(6','&(:/+,+3
*+0%7-'3%*&+( 7'3( /3( 6+**+1'6'( '( /3( %D-23( +&6*+00%,'( '( /3%&
+0+77-'3+&(./+(%7%B%3(,+('7/**-*G
T-( /&6+,( +&( -33'D%,'*( F( 6-+3+( 0%( B+3,-7-23( ,+( 6+3+*( /3%
-1%C-3%7-23( %76-D%@( :/+,+( 7*+%*( A-&6'*-%&( ./+( 3%,-+( A%
+=:+*-1+36%,'@(:+*'(./+(-0/1-3%3(+0(:/36'G(5&6%&(3'(&'3(A-&6'*-%&
P%0&%&@(&-3'(P-77-23(R./+(3'(6-+3+3(*+0%7-23(7'3(0%(7/+&6-23(,+(0%
D+*,%,SG($'*(+K+1:0'@(:',*V%(-3D+36%*(/3%(7'3D+*&%7-23(+36*+(+0
J3C+0(./+(%3/37-2(+0(3%7-1-+36'(,+(k+&a&(F(0'&(:%&6'*+&G
50(/&'(,+(0%&(-0/&6*%7-'3+&
L%F(/3%(P'*1%(7'**+76%(,+(/&%*(0%&(-0/&6*%7-'3+&G(50(:/36'
./+(/&6+,(+&6J(-0/&6*%3,'(,+B+(:*+7+,+*(F(&/7+,+*(%(0%(-0/&6*%7-23G
5&6'( :+*1-6+( %( 0%( C+36+( 7'1:*+3,+*( F( *+7'*,%*( R+36'37+&( F
,+&:/M&S(+0(%*C/1+36'(./+(/&6+,(+&6J(+0%B'*%3,'G(^&V(+&(721'
,+B+(&+*(0%(&+7/+37-%(,+(/3%(-0/&6*%7-23
!;"
!"#$%&#%$'(')("'$*+,
A+*/(%"4$(%,4(3)%"#$4&3+,
!G 50%B'*+( +0( %*C/1+36'( R6%0( D+U( 3+7+&-6+( /3%

6*%3&-7-23(%(0%(-0/&6*%7-23S
>G \0/&6*%7-23(,+0(:/36'('(%*C/1+36'
<G _+0%7-23(7'3(0%(%/,-+37-%
;G _+%P-*1%*d*+:%&%*(+0(:/36'('(%*C/1+36'
5&6%(+&(0%(&+7/+37-%(,+(0%(-0/&6*%7-23(,+(/3(%*C/1+36'(./+(F'
+0%B'*'(+3(+0(T%01'(!<<G
!G C(, 1*"#+, +, !.-*0$"#+)( Y/%3,'( +&6%1'&( 7+36*%,'&( +3( /3

:*':2&-6'(7'1a3(P/+*%(,+(3'&'6*'&@(A%F(/3-,%,G(R?*%3&-7-23)
+37'36*%1'&(+&6'(-0/&6*%,'(+3(0%(1%3+*%(+3(./+qS
>G =(*%#.!7'6")(9'&(7%B%00'&(F(B/**'&(,+(^0%&r%(&+(+3P*+36%3(7'3
0%( A'&6-0-,%,( ,+( 0%&( A-+3%&( &%0D%K+&( ,+( 1%3+*%&( &-1-0%*+&G
Y/%3,'(&'3(%6%7%,'&@(0'&(7%B%00'&(P'*1%3(/3(7V*7/0'(7'3(0%&
7%B+U%&(A%7-%(%,+36*'@(0%&(:%6%&(A%7-%(P/+*%@(F(%&V(+7A%3(%(&/&
+3+1-C'&(%(:%6%,%&G(9'&(B/**'&(6%1B-M3(P'*1%3(/3(7V*7/0'@
:+*'(7'3(0%&(:%6%&(A%7-%(%,+36*'@(0%&(7%B+U%&(A%7-%(P/+*%@(F(&+
:%6+%3(+36*+(+00'&(A%&6%(1%6%*&+G
<G X$(!7'6",7+",(!,!*/'$"7'!)#(`+B+1'&(&+*(7'1'(0'&(7%B%00'&
,+(^0%&r%(./+(&+(7'37+36*%3(+3(,+**'6%*(%0(+3+1-C'@(1J&(./+
7'1'(%./+00'&(B/**'&(./+(&+(:%6+%3(A%&6%(1%6%*&+G
;G X$!&'.0!., +, .$1!%!., $(, 1*"#+, +, !.-*0$"#+)( 9%( /3-,%,@
+36'37+&@( &+( +37/+36*%( 7/%3,'( 3'&( 7'37+36*%1'&( +3( /3
:*':2&-6'(7'1a3(P/+*%(,+(3'&'6*'&(1-&1'&G
Â'*%( 00+C%1'&( %0( 6+1%( ,+( 0%( P*+7/+37-%( F( 0%( 7%36-,%,( ,+

-0/&6*%7-'3+&(./+(&+(3+7+&-6%3G(50(,+&%PV'(BJ&-7'(+&(/&%*(6%36%&
-0/&6*%7-'3+&(7'1'(&+%3(3+7+&%*-%&(:%*%(0'C*%*(+0(:*':2&-6'(,+0
&+*123G(T-3(+1B%*C'@(3/37%(A%F(6-+1:'(&/P-7-+36+(:%*%(6',%&
0%&( -0/&6*%7-'3+&( R'( -370/&'( +0( P*/6'( ,+( 3/+&6*'( +&6/,-'S@( ./+
./-&-M*%1'&( -370/-*G( `+( 1','( ./+( +&( 3+7+&%*-'( A%7+*( %0C/3'&
%K/&6+&G( b`23,+( ,+B+*V%( /&6+,( /&%*( -0/&6*%7-'3+&c( ?',%&( 0%&
!;!
2$'13&4&3+,(!56/"3#374
*+C-'3+&( ,+&3/,%&( F( %B/**-,%&( ,+( &/&( &+*1'3+&( 3+7+&-6%3

-0/&6*%7-'3+&G($+*'(%./V(A%F(%0C/3%&(*+C-'3+&(,+(&/&(&+*1'3+&
./+(&-+1:*+(3+7+&-6%3(-0/&6*%7-'3+&G
• 53(0%(-36*',/77-23@(1-+36*%&(/&6+,(7%:6%(0%(%6+37-23(,+(&/
%/,-+37-%(F(0+D%36%(0%(3+7+&-,%,G
• ^0*+,+,'*(,+(0%(7'370/&-23@(%(1+,-,%(./+(0+(,%(/3(7-+**+(%0
&+*123G
• `/*%36+(+0(&+*123@(&/C-+*'(./+(/&6+,(-370/F%(:'*(0'(1+3'&
/3%( -0/&6*%7-23( &20-,%( :%*%( 7%,%( :/36'( :*-37-:%0G( Y'3
P*+7/+37-%@(F'(6*%6'(,+(-3&+*6%*(1-3-(-0/&6*%7-'3+&(%(3-D+0(,+
0'&(&/B:/36'&(6%1B-M3G
$-+3&+( +3( +0( 7/+*:'( ,+( &/( &+*123( F( AJC%&+( 0%&( :*+C/36%&
&-C/-+36+&(:%*%(D+*(,23,+(3+7+&-6%(-0/&6*%7-'3+&GN
• Y!,7*$%#'6",/$,(!,7+..$(!7'6")(bn/M(-0/&6*%7-23(*+&:'3,+*J(%
0%( 3+7+&-,%,( ,+( +=:0-7%7-23( %,-7-'3%0( ,+( /3%( &+77-23
:%*6-7/0%*c(T-(1-(%*C/1+36'(+&(H50(T+O'*(k+&a&(+&6J(&-+1:*+
7'3(/&6+,+&@I(+&6'(3+7+&-6%(+=:0-7%7-23G(9%(C+36+(:/+,+(A%7+*
0%(:*+C/36%(&-C/-+36+)(HT-(3'(0'(:',+1'&(D+*@(b721'(&%B+1'&
./+( +&6J( 7'3( 3'&'6*'&cI( 9%( :*+C/36%( *+./-+*+( ,+( /3%
-0/&6*%7-23G($',+1'&(/&%*(/3%(,+(0%(D-,%(1',+*3%G(k+&a&(+&6J
&-+1:*+(7'3(3'&'6*'&(7'1'(+0(7%:-6J3(,+(/3(B%*7'('(,+(/3
%D-23(%(./-M3(3'(D+1'&(F(./+(+&6J(7'3(3'&'6*'&(,/*%36+(6','
+0(D-%K+G
• Y!,7*$%#'6",/$,(!,7.$/'?'('/!/)(bn/M(-0/&6*%7-23(R'(:%*6+(,+
+00%S(D%(%(%F/,%*(%(0%(%/,-+37-%(%(D+*@(7*++*(F(%7+:6%*(0%(D+*,%,
,+(1-(%*C/1+36'c($'*(+K+1:0'@(F'(:',*V%(/&%*(0%(-0/&6*%7-23
,+( 721'( +&6/D+( /3%( D+U( +3( /3( B%*7'( %U'6%,'( :'*( /3%
6'*1+36%@(./+(P/+(1%3-'B*%,'(7'3(&+C/*-,%,(:'*(/3(7%:-6J3
-3D-&-B0+G
• Y!, 7*$%#'6", /$, (!, /$0!"/!)( bn/M( -0/&6*%7-23( %F/,%*J( %( 0%
%/,-+37-%(%(+=:0'*%*(0%(-1:0-7%7-23(F(%:0-7%7-23(,+0(%*C/1+36'
%(&/&(D-,%&c($'*(+K+1:0'@(1-(:*+'7/:%7-23(1-+36*%&(+&6%B%
+3(+0(B%*7'(P/+(-3a6-0(F%(./+(3'(%F/,2('(+&6'*B2(0%(A%B-0-,%,
,+0(7%:-6J3('(0%(&+C/*-,%,(,+0(B%*7'G
!;>
!"#$%&#%$'(')("'$*+,
L%F( 1/7A%&( 70%&+&( ,+( -0/&6*%7-'3+&@( F( ,-P+*+36+&( 7/06/*%&

:*+P+*-*J3(%0C/3'&(6-:'&(:'*(&'B*+('6*'&G(9%&(,+(H/3%(&'0%(0V3+%I
&-3(7'36+=6'(3'(,%*J3(*+&/06%,'(+3(%0C/3%&(7/06/*%&G(9'(./+(+&
C*%7-'&'(:%*%(/3%(%/,-+37-%(:/+,+(3'(&+*0'(:%*%('6*%G(?%1B-M3@
%0C/3%&( 7/06/*%&( :/+,+3( 1%3+K%*( 0%*C'&( :+*V','&( ,+( ,-&7/*&'
%B&6*%76'@( 1-+36*%&( ./+( '6*%&( 3'G( 9%&( %3M7,'6%&( :%*+7+3( &+*
:*+P+*-,%&(/3-D+*&%01+36+@(:+*'(/&6+,(,+B+(%,%:6%*(&/&(A-&6'*-%&
:%*%(./+(:/+,%3(*+&:'3,+*(%(0%&(3+7+&-,%,+&(,+(&/(%/,-+37-%
:%*6-7/0%*G
53(6','(+&6'@(&+%(&+3&-B0+(%(0%(3+7+&-,%,(,+(-0/&6*%7-'3+&(./+
6-+3+(0%(%/,-+37-%@(&/&(AJB-6'&(,+(%:*+3,-U%K+@(F(721'(0%(7/06/*%
0'7%0( 3%**%( +D+36'&( 1-+36*%&( 7'1/3-7%( 0%( D+*,%,G( ?%1B-M3@
7/%3,'(:-+3&+(+3(0%(3+7+&-,%,(F(0%(70%&+(,+(-0/&6*%7-23(./+(/&6+,
,+B+(-37'*:'*%*(%(&/(&+*123@(AJC%&+(+&6%(:*+C/36%)(bn/M(,+B+
-0/&6*%*&+(+3(+0(6+=6'(:%*%(0'C*%*(1-(:*':2&-6'@(%(:%*6-*(,+0(1%*7'
,+(*+P+*+37-%(,+(1-(C+36+c(bn/M(-0/&6*%7-23(0'&(D%(%(00+D%*(,+(0%
D+*,%,(7'3'7-,%(%(0%(D+*,%,(,+&7'3'7-,%c
.'/ "-5",+7$659
9%(7'370/&-23(7'1:0+6%(+0(&+*123G(\36+C*%(D%*-%&(0V3+%&@(*+:%&%
0%(:*':'&-7-23(7+36*%0(,+0(&+*123@(*+&/+0D+(0%(-**+&'0/7-23(%36+*-'*@
+(-3D-6%(%(0%(%/,-+37-%(%(0%('B+,-+37-%G
9%(7'370/&-23(7'36+3,*J(0%(%:0-7%7-23G(T-(0%(%:0-7%7-23(3'(P/+
*'7-%,%( %( 0'( 0%*C'( ,+0( 7/+*:'( ,+0( &+*123@( 0%( 7'370/&-23( ,+B+
:*'D++*(,+(/3(6-+1:'(,+(%:0-7%7-23G
9%(7'370/&-23(+&(+0(1'D-1-+36'(P-3%0(,+0(&+*123@(,+(1','
./+( M&6+( %07%37+( +0( 70V1%=G( 50( :*+,-7%,'*( *+:-6+( '( *+%P-*1%( 0%
:*':'&-7-23(7+36*%0(:%*%(D'0D+*(%(+3P'7%*(0'&(:+3&%1-+36'&(,+(0%
%/,-+37-%(&'B*+(0'(./+(`-'&(+&:+*%(,+(+00'&G(9%(7'370/&-23(D%(%
+D-,+37-%*(,'&(7%*%76+*V&6-7%&)(7'A+&-23(F(*+&'0/7-23G(G+B$%'6")
9%(%/,-+37-%(%A'*%('F+(+3(,+70%*%7-'3+&(7'37-&%&(6','&(0'&(:/36'&
-1:'*6%36+&(,+0(&+*123G(X$%+(*7'6")(9%(%/,-+37-%(%A'*%(6-+3+(0%
&+3&%7-23(,+(./+(+0(,+&6-3'(:*':/+&6'(+3(+0(:*':2&-6'(,/*%36+(0%
-36*',/77-23(A%(&-,'(%07%3U%,'G!"
!;<
2$'13&4&3+,(!56/"3#374
G+"7(*%'+"$%,/$&$7#*+%!%
9%&( 7'370/&-'3+&( ,+P+76/'&%&( &'3( 3'6'*-%1+36+

,+&%0+36%,'*%&G(5&6%&(&'3(%0C/3%&(1%3+*%&(,+(+D-6%*0%&G
• m'(6+*1-3+(F(:/36'G(bY21'(&+(&+36-*V%(&-(&20'(&+(6'7%*%3(0%&
:*-1+*%&( 6*+&( 0V3+%&( ,+( /3%( 7%37-23( P%D'*-6%( F( +0( 1a&-7'
%B%3,'3%*%c
• m'(,M(:-&6%&(P%0&%&G(^0C/3'&(:*+,-7%,'*+&(7-+**%3(&/&(W-B0-%&
%36+&(,+(6+*1-3%*G(9%(%/,-+37-%(D+(+&6+(C+&6'(1-&+*-7'*,-'&'
F(&+(:*+C/36%(:'*(./M(7-37'(1-3/6'&(,+&:/M&(+0(:*+,-7%,'*
6',%DV%( &-C/+( A%B0%3,'G( ^0C/3'&( :*+,-7%,'*+&( ,-7+3@
HP-3%01+36+I(F(7'36-3a%3(:'*(/3(6-+1:'(0%*C'G(5&%(:%0%B*%
P/+(/3%(:-&6%(P%0&%G
• m'(6*%6+(,+(1/06-:0-7%*(7'370/&-'3+&G(bn/M(':-3%*V%(&'B*+(/3
:-0'6'(./+(3'(,+K%(,+(%6+**-U%*(F(,+(,+&:+C%*(@(&-3(,+6+3+*&+
+3(&/(,+&6-3'c
• m'(-36*',/U7%(:+3&%1-+36'&(3/+D'&(+3(0%(7'370/&-23G
• m'(+0%B'*+(/3%(7'370/&-23(1J&(0%*C%(./+(+0(&+*123G
• m'(:*+&+36+(&/(7'370/&-23(%36+&(,+(00+C%*(%(0%(7'370/&-23G(T-
A%7+(+&6'@(0%(%/,-+37-%(+1'7-'3%01+36+(:/+,+(,+K%*(+0(&%023
%36+&(,+(./+(/&6+,(6+*1-3+G
• m'( ,+&%**'00+( /3%( H:*+&+36%7-23( :'*( C'6+'I( ,/*%36+( 0%
7'370/&-23G(9%(7'370/&-23(3'(+&(%/=-0-%*@(/3%(3'6%(%0(:-+(,+0
&+*123G(5&(/3%(:%*6+(-36+C*%0(,+0(&+*123G(T-(&/(7'370/&-23
&/+3%(7'1'(3'(-1:'*6%36+@(&/(%/,-+37-%(3'(0+(D%(%(:*+&6%*(0%
%6+37-23(3+7+&%*-%G
G+"7(*%'+"$%, B!?'('/+%!%
5&6%&( &'3( %0C/3%&( -,+%&( &'B*+( 721'( 7'370/-*( AJB-01+36+( /3

&+*123G
• X3%(,+70%*%7-23(70%*%(,+(0%(:*':'&-7-23(7+36*%0(K/36'(7'3(/3
*+&/1+3(,+(0'&(:/36'&(:*-37-:%0+&(&+*V%(%7+:6%B0+G
• ^:0-7%7-'3+&( +( -1:0-7%7-'3+&( +36*+6+K-,%&( 7'3( +&6*%6+C-%&
:+*&'3%0+&(:%*%(0%('B+,-+37-%(&+*V%(%/3(1J&(+P+76-D'G
!;;
!"#$%&#%$'(')("'$*+,
• X3%(%P-*1%7-23(,+(0%(D+*,%,(+3(/3%(&'0%('*%7-23@(/3%(D+*&-23
7'36+1:'*J3+%( F( PJ7-01+36+( *+7'*,%B0+( ,+( 0%( :*':'&-7-23
7+36*%0(&+*V%(1/F(B/+3%G
• X3%(A-&6'*-%(P-3%0@(./+(:/+,%(-0/&6*%*(0%(:*':'&-7-23(7+36*%0
,+0(1+3&%K+(R'(+0(a06-1'(:/36'(,+0(7/+*:'S@(&+*V%(a6-0(&-(7/1:0+
7'3( 0'&( 6*+&( 7*-6+*-'&( :%*%( 0%&( -0/&6*%7-'3+&)( 7'**+0%7-23@
7*+,-B-0-,%,(F(,+1%3,%G
T-( /&6+,( A%( ,-&+O%,'( &/( %:0-7%7-23( :%*%( &+*( -370/-,%( +3( 0%
a06-1%(:%*6+(,+0(&+*123@(:-+3&+(+3(0'&(6+1%&(&'B*+(0%(%:0-7%7-23
1+37-'3%,'&(%36+*-'*1+36+(R:'*(+K+1:0'@(+0(Hb+36'37+&(./McI
F(+0(Hb%A'*%(./McIS(:%*%(./+(&/(7'370/&-23(6+3C%(-1:%76'G
bn/M(,+B+*V%(+&:+*%*(,+(&/(%/,-+37-%(%0(00+C%*(%(0%(7'370/&-23c
50(1+K'*(*+&/06%,'(&+*V%(/3%(,+7-&-23(,+(:'3+*(&/(%:+0%7-23(P-3%0
+3( :*J76-7%@( 7'1B-3%,'( 7'3( 1%3+*%&( 7*+%6-D%&( :%*%( 0'C*%*( +0
7%1B-'(,+(7%*J76+*d7'3,/76%(./+(/&6+,(&'0-7-62G($%*%(/&%*(0%(P*%&+
,+(oG(Y%1:B+00(g'*C%3@(/3%(7'370/&-23(-1:%76%36+(H%&%06%(0%
7-/,%,+0%(,+(0%(D'0/36%,GI(e]%F%(F(%&%06+(&/&(D'0/36%,+&f
!;8
!"#$%&'#(#)(*#"+,-
!"#$%&'#(#)(*#"+,-
./(01/"-#2($#)(*#"+,-
7
$%&'(#)($*+,-./+(+0(&+*123
$%&'(4)(5&6*/76/*+(+0(&+*123
$%&'(8)(9%(:*':'&-7-23(7+36*%0(,+0(&+*123
$%&'(")(50(:*':2&-6'(:/+36+
$%&'(;)(9%(:*':'&-7-23(7+36*%0(,+0(6+<6'
$%&'(=)(5&6*/76/*+(+0(6+<6'
$%&'(!)(5&6/,-+(+0(6+<6'
>?'*%(00+@%1'&(%0(:/36'(,+(,%*(0'&(6'./+&(A-3%0+&(%0
&+*123(./+(/&6+,(?%(7*+%,'(%(:%*6-*(,+(0%&(5&7*-6/*%&B
5&7*-C-*(D(:*+,-7%*(+0(&+*123(7/01-3%(+0(:*'7+&'(,+
0%(+<:'&-7-23(CEC0-7%B($%*%(:*+,-7%*(C-+3(+0(&+*123F
0+( *+7'1-+3,'( ./+( :*-1+*'( +&7*-C%( +0( &+*123B
5&7*-C-*(+0(&+*123(%D/,%(%(,%*0+(0'&(6'./+&(A-3%0+&B
>36+&(,+(:*+,-7%*(+0(&+*123F(3'('C&6%36+F(,+C+(?%C+*
6%1C-G3(%0@/3'&(6'./+(A-3%0+&(&'C*+(+0(:*+,-7%,'*B
!"#
!"#$%1/1%,-(3456*%7%8/
3*1"%9%"(#)(*#"+,-(((((((((((((((!"#$%1/"(#)(*#"+,-
!"#$%#&#$
I'36+3-,'(,+0(&+*123((((((((((((((((((((((((((((((((((5&6-0'(,+0(:*+,-7%,'*
J-&+K'(,+0(&+*123(((((((((((((((((((((((((((($*+&+36%7-23(,+0(:*+,-7%,'*
3*1"%9%"(#)(:#"+,-
I%&-(6','(+0(6*%C%L'(,+0(&+*123(D%(+&6M(?+7?'B(>?'*%(/&6+,(0'
:'3,*M(:'*(+&7*-6'B
53(+0(&+1-3%*-'F(7/%3,'(1+(:-,-+*'3(:'*(:*-1+*%(N+O(./+
+&7*-C-+*%( ( 1-( &+*123F( +<:+*-1+36G( /3%( +&:+7-+( ,+( *+%77-23
-36+*3%(PQD(3'(,+(0%(1+L'*(+&:+7-+RSB(T%CE%(+&6%,'(:*+,-7%3,'
:'*( 1/7?'&( %K'&( D( 3'( :+3&%C%( ./+( 3+7+&-6%C%( +&7*-C-*( 1-
&+*123B(U/G(:*'7+,-1-+36'(1/3,%3'F('(%0@'(%&E(:+3&GF((+*%
*'C%*(0%(+&:'36%3+-,%,(,+(1-&(&+*1'3+&B(VM&(%W3F(1-&(:*'A+&'*+&
,-76%1-3%*'3(./+(,+CE%(:*+,-7%*(&-3(3'6%&B(X%1C-G3(7'3&-,+*G
%(+&6'(7'1'(/3%(-36*/&-23(+3(/3(+&6-0'(,+(:*+,-7%7-23(,+&%**'00%,'
%(6*%NG&(,+(0'&(%K'&B($+*'(,+7-,E(&'1+6+*1+(%(0%(%/6'*-,%,(,+(0'&
:*'A+&'*+&(7'3(/3%(%36-7-:%7-23(+<:0E7-6%(,+(./+(,+&:/G&(,+(1-
@*%,/%7-23( N'0N+*E%( %( 0%( :*+,-7%7-23( +&:'36M3+%( 7'3( +&7%&%&
3'6%&B(J+&:/G&(,+(6','F(Y,+(./G(&-*N+(:*+,-7%*(&-3(3'6%&(&-(/&6+,
?%(:*+:%*%,'(+0(&+*123(6%3(+<?%/&6-N%1+36+Z(Y[(,+(./G(&-*N+
+&7*-C-*(1%3/&7*-6'&(7'1:0+6'&(&-(3'(0'&(00+N%(%0(:W0:-6'Z
J+&:/G&(,+(+&+(7/*&'(,+(:*+,-7%7-23(6/N+(./+(%,1-6-*F(1M&
C-+3( 1%3&%1+36+F( ./+( ?%CE%( 6+3-,'( /3( 7%1C-'( 1%&-N'( ,+
:+*&:+76-N%( ( D( :*M76-7%( &'C*+( +0( /&'( ,+( 0%&( 3'6%&( ,/*%36+( 0%
:*+,-7%7-23B(>?'*%(+&6'D(A+0-O(,+(%,1-6-*F(+3(A'*1%(%0@'(%6*+N-,%F
./+( 3'( ?+( /&%,'( 3'6%&( +3( +0( :W0:-6'( ,+&,+( +&+( 7/*&'B( \'( 0%&
3+7+&-6'( ,+&:/G&( ,+( %6*%N+&%*( :'*( +0( *-@'*( ,+0( *G@-1+3( ,+( 0%
:*+,-7%7-23B( 5&6'( 3'( &-@3-A-7%( ./+( 3'( 6+3@'( 3'6%&B( X+3@'( /3
1%3/&7*-6'( 7'1:0+6'( ,+( 6','&( 0'&( &+*1'3+&( &+*-'&( ./+( ?+
:*+,-7%,'B(53(*+%0-,%,F(7/%36'(1M&(1+(%0+L'(,+(0%(:*+,-7%7-23
6+<6/%0F(1M&(,+:+3,-+36+(1+(:'3@'(,+(0%&(3'6%&B
$'*(0'(6%36'F(+&7*-C%(7%,%(:%0%C*%(./+(-36+36%(:*+,-7%*(,+(0%
1%3+*%( ./+( -36+36%( :*+,-7%*0%B( \'6+( ./+( ,-L+F( ]5&7*-C%( 7%,%
!"H
!"#$%&'#(#)(*#"+,-
:%0%C*%(./+("$'#$'((:*+,-7%*B_(X%0(N+O(+&6'(3'(&+%(0'(./+(*+%01+36+
'7/**%( +3( +0( :W0:-6'B( 50( 5&:E*-6/( `%36'( :/+,+( 7%1C-%*( 0'( ./+
/&6+,(,-@%B(X-+3+(+0(,+*+7?'(,+(-3N%,-*(+&:'36M3+%1+36+(+0(+N+36'
,+0(&+*123B(T%(+&6%,'(%76-N'(+3(6','(+0(:*'7+&'(,+(7'3A+77-23
,+0(&+*123a,+&,+(+0(7'1-+3O'(7/%3,'(/&6+,(0+(,+,-72(&/(6-+1:'
,+(+&6/,-'F(?%&6%(+0(A-3%0(7/%3,'(/&6+,(-3N-6+(%(0%(@+36+(%('C+,+7+*
0%($%0%C*%(,+(J-'&B
5&7*-C-*(+0(1%3/&7*-6'(6-+3+(N%*-%&(N+36%L%&)
• b&6+,(*+%01+36+(:/+,+(N+*(+0(,+&%**'00'(,+0(&+*123F(0'(7/%0
:/+,+(%D/,%*(:%*%(./+(0'(1+L'*+B
• $/+,+( -36+*3%0-O%*( P3'( 1+1'*-O%*S( +0( &+*123( %36+&( ,+
:*+,-7%*0'F(&-(+&6M(:/+&6'(:'*(+&7*-6'B
• $/+,+(1+L'*%*(+0(&+*123(%(1+,-,%(./+(%,./-+*+(-3A'*1%7-23
3/+N%('(1+L'*B
• 50( 1%3/&7*-6'( ,+( &/( &+*123( *+N+0%*M( M*+%&( ./+( 3+7+&-6%3
*+A'*O%*&+( 7'3( -0/&6*%7-'3+&F( 6*%3&-7-'3+&( D( %:0-7%7-'3+&B
X%1C-G3(:/+,+(./-6%*(7/%0./-+*(1%6+*-%0(-**+0+N%36+('(:'7'
70%*'B
• X+3,*M(%0@/3%(-,+%(,+(0'(0%*@'(./+(&+*M(+0(&+*123(D(:',*M
7'36*'0%*(&/(+<6+3&-23B(9%(+<:+*-+37-%(0+(+3&+K%*M(7/M36'(00+N%
:*+,-7%*( /3%( :M@-3%( ,+( 1%6+*-%0B( `-( 0+( 00+N%( 7-37'( 1-3/6'&
:*+,-7%*(/3%(:M@-3%F(/3(1%3/&7*-6'(,+('7?'(:M@-3%&(0+(00+N%*M
%0*+,+,'*(,+(7/%*+36%(1-3/6'&(:%*%(:*+,-7%*0'B
• 9%(+<:'&-7-23(%0(1%3/&7*-6'(+&6-1/0%*M(&/(1+1'*-%(7/%3,'
/&6+,(+&6G(+3(+0(:W0:-6'B(\'(3+7+&-6%*M(00+N%*(%0(:W0:-6'(3-(&/
1%3/&7*-6'( 3-( &/&( 3'6%&B( b3%( N+O( ./+( ?%D%( :%&%,'( :'*( +0
:*'7+&'(,+(0%(+<:'&-7-23(CEC0-7%F(/&6+,(7'3'7+*M(6%3(C-+3(&/
1%6+*-%0(./+(+0(6+<6'(CEC0-7'(N%(%(:*'N++*(0%&(%D/,%&(1+1'*-%&
:%*%(+0(1%3/&7*-6'(./+(?%(:*+:%*%,'B
• $/+,+( :*+,-7%*( +0( &+*123( '6*%( N+O( &-3( ,+L%*( %A/+*%( 3%,%
-1:'*6%36+( P%/3./+( 6+3,*M( ./+( N'0N+*0'( %( 6*%C%L%*( :%*%
%,%:6%*0'(%('6*%(%/,-+37-%SB(`-(/&6+,(3'(+&7*-C+(&/(&+*123F
3/37%(:*+,-7%*M(+0(1-&1'(&+*123('6*%(N+OB
• X+3,*M(/3(*+@-&6*'(,+(-0/&6*%7-'3+&(./+(D%(?%(/&%,'F(,+(1','
./+(&+(%C&6+3@%(,+(*+:+6-*0%&B
• X%0(N+O(/&6+,(,+&++(:/C0-7%*(&/&(&+*1'3+&(+3(A'*1%(,+(0-C*'B
!"^
!"#$%1/1%,-(3456*%7%8/
53(6','(7%&'F(6+3,*M(/3(*+@-&6*'(:+*1%3+36+(,+0(&+*123(:%*%
/3(/&'(A/6/*'B
\'(?%D(6%0(7'&%(7'1'(/3%(C/+3%(:*+,-7%7-23(&-3(:*+:%*%7-23B
È(?%D(6%0(7'&%(7'1'(/3%(C/+3%(:*+,-7%7-23(&-3(3'6%&B(>./G00'&
./+(7'3&-&6+36+1+36+(:*+,-7%3(+3(A'*1%(+<6+1:'*M3+%(:/+,+3
&/7/1C-*(%36+(7/%0./-+*(-3&:-*%7-23(1'1+36M3+%(PQ7'3(A*+7/+37-%
C%L'(+0(N-&'(,+(+&:'36%3+-,%,SF(A%06%(,+(N%*-+,%,(+3(+&6-0'F(D(*+:+6-*
6+1%&( +( -0/&6*%7-'3+&( &-1-0%*+&( :'*./+( 3'( ?%3( :*+:%*%,'( '
:0%3+%,'( &/&( &+*1'3+&B( 5<7+:6'( +3( 0%( 1M&( -3/&/%0( ,+( 0%&
7-*7/3&6%37-%&F(:'*(A%N'*(3'(-36+36+(0%(:*+,-7%7-23(+<6+1:'*M3+%
&-(./-+*+(,%*(,+(7'1+*(%(&/(@+36+(/3%(,-+6%(C/+3%(D(+&6%C0+(,+(0%
$%0%C*%(,+(J-'&B!
!"#$%&'"( )( *+,-./
>*-&626+0+&(+3(PD(&'C*+S()#'*+",(&,-L')(]\'(+&(&/A-7-+36+(&%C+*
./G(,+7-*d(/3'(6%1C-G3(,+C+(&%C+*(721'(,+7-*0'B_(50(#%'"-.(6-+3+
./+(N+*(7'3(+0(/&'(,+0(0+3@/%L+(:%*%(7'1/3-7%*(+3(A'*1%(+A+76-N%
0'(./+(/&6+,(&%C+(./+(,+C+(,+7-*B(53(%0@/3%&(:%*6+&(,+0(1/3,'F
#%'"-.(&-@3-A-7%(]1%3,%*&+(0%(:%*6+_(D(&+(*+0%7-'3%(7'3(+0('*@/00'
:+*&'3%0B(53(7'1/3-7%7-23F(+&6-0'(&+(*+A-+*+(%(0%(+0+77-23(D(/&'
,+0(0+3@/%L+(./+(,%(A'*1%(%(3/+&6*'&(:+3&%1-+36'&B
9%(7/+&6-23(3'(+&(&-(/3'(6-+3+(+&6-0'(+3(0%(7'1/3-7%7-23B(X','&
6-+3+3(/3(+&6-0'(+3(0%(7'1/3-7%7-23B(9%(7/+&6-23(+&(&-(+0(+&6-0'(,+
/3'(6-+3+(-1:%76'('(3'B(V/7?'&(0-C*'&(?%3(&-,'(+&7*-6'&(&'C*+
+&6+(6+1%(:'*(+<:+*6'&(+3('*%6'*-%(7*-&6-%3'&(D(3'(7*-&6-%3'&B=
J+0(1-&1'(1','F(?%D(1/7?'&(M3@/0'&(7/06/*%0+&(&'C*+(+0(+&6-0'
PD( 0%( :*+&+36%7-23SB( $/+,+3( ?%7+*&+( %0@/3'&( 7'1+36%*-'&
@+3G*-7'&( &'C*+( +0( +&6-0'F( 7'3( 0%( %:0-7%7-23( ,+( G&6'&( %( /3%
7'3@*+@%7-23( 0'7%0( ,+:+3,-+36+( ,+( 0%( :+*&'3%0-,%,F
6+1:+*%1+36'F(?%C-0-,%,(+(-1%@-3%7-23(,+0(:*+,-7%,'*B;
b&+(:%0%C*%&(PD('*%7-'3+&S(./+(&+%3(70%*%&(D(7'37*+6%&B($'*
+L+1:0'F( +3( &/( $I`( 3'( /&+( :%0%C*%&( ./+( 6+3@%3( 1M&( ,+( /3
&-@3-A-7%,'B(`-(/3%(:%0%C*%(6-+3+(/3(&-@3-A-7%,'(,'C0+F(6+3@%(0%
&+@/*-,%,(,+(./+(&/(7'3@*+@%7-23(N%(%(+0+@-*(+0(-37'**+76'B(9%&
:%0%C*%&( 70%*%&( 3'( &'3( 3-( %C&6*%76%&( 3-( %1C-@/%&B( `'3
@+3+*%01+36+(7'*6%&F(&-1:0+&(D(+&:+7EA-7%&B
!8c
!"#$%&'#(#)(*#"+,-
b&+(:%0%C*%&(./+(&+%3(+N'7%6-N%&(D(%:+0%6-N%&(%(0'&(&+36-,'&B
`/&(:%0%C*%&(,+C+3(%:+0%*(%(0'&(&+36-,'&B(b&6+,(,+C+(6*%6%*(,+
./+( &/( %/,-+37-%( '-@%F( 6'./+F( :*/+C+F( ?/+0%( D( %/3( &-+36%( &/&
:%0%C*%&(7%*@%,%&(,+(-1M@+3+&B(`/&(:%0%C*%&(6-+3+3(./+(&+*(1M&
./+(&'3-,'&(./+(+1%3%3(,+(/3%(7%L%(,+(*+&'3%37-%B(T%C0+(7'3
7/%,*'&B(53(0/@%*(,+(,+7-*(]0%(A+(:+*&'3%0(&-3('C*%&((+&(-3W6-0F_
,-@%F(]0%(A+(:+*&'3%0(&-3('C*%&(+&(6%3(-3W6-0(7'1'(/3%(:+*7?%(&-3
@%37?'B_( 9%&( :%0%C*%&( ./+( +0+@-1'&( 6%1C-G3( :/+,+3( +N'7%*
&+36-1-+36'&( ,+( @'O'F( 0-C+*6%,F( 7%01%F( -*%F( 6+3&-23F( 7/0:%F( '
7/%0./-+*(7'&%(%:*':-%,%(%0(:*':2&-6'(,+0(&+*123B
!/)/9"/*(1/";/$/*($#(%+<;#-#*
/0#-#,,"*$&1#&2(-(3+(%4
Y`'3(1-&(:%0%C*%&(70%*%&(D(7'37*+6%&Z
Y`'3(1-&(:%0%C*%&(+N'7%6-N%&(D(%:+0%6-N%&(%
0'&(&+36-,'&Z
$%*%(7*+7+*(+3(+&6+(%&:+76'(,+(0%(:*+:%*%7-23(,+0(&+*123F
/&6+,(,+C+(7'3'7+*(%(&/(%/,-+37-%B(e+7/+*,+(./+(+&6M(+&7*-C-+3,'
&/( &+*123( :%*%( +00'&B( $-+3&+( &'C*+( &/&( +<:+*-+37-%&( :%*%
,+6+*1-3%*(./G(+&(0'(./+(N%(%(%D/,%*0'(%(7'1/3-7%*(7'3(:',+*B
b&+(/3%(6+*1-3'0'@E%(./+(7'3'O7%3(D(7'3(0%(./+(/&6+,(&+(&-+36%
721','B(>:M*6+&+(,+(0'&(70-7?G&(./+(&'3(,+1%&-%,'(A%1-0-%*+&
7'1'( :%*%( -1:%76%*B( $*+@W36+&+( 0'( ./+( /&6+,( ./-+*+( ./+( &/
%/,-+37-%('-@%(,+(&/(&+*123(D(721'(./-+*+(./+(0'('-@%B(9/+@'F
,+&%**'00+(&/(+&6-0'(,+(%7/+*,'(%(+&'B($+*1-6%(./+(&/(&+*123
:%0:-6+(7'3(7'0'*F(&'3-,'F(@/&6'F('0'*(D(&+3&%7-23B(`-(/&6+,(3'
+37-+3,+(&/(&+*123(7'3(-1M@+3+&F(+36'37+&(+&(1+L'*(:*+3,+*0+
A/+@'(%(&/(&+*123B
>( 1+,-,%( ./+( /&6+,( +&7*-C%( &/( &+*123F( /&+( +&6%( :*+@/36%
:%*%(:*'C%*(&/(+&6-0')(Y5&(7'1:*+3&-C0+(+(-36+*+&%36+Z(X*%C%L+
&'C*+(0%&(:%0%C*%&F(0%&('*%7-'3+&(D(0'&(:M**%A'&F(N'0N-+3,'(%(+&7*-C-*F
%( 6*%C%L%*( D( %( &+0+77-'3%*( :%0%C*%&( ?%&6%( ./+( &+%( 6%36'
7'1:*+3&-C0+(7'1'(-36+*+&%36+B
YU/G( ,-*+1'&( ,+0( ?/1'*( +3( +0( :W0:-6'Z( `-( /&6+,( 6-+3+( /3
!8!
!"#$%1/1%,-(3456*%7%8/
6+1:+*%1+36'( ?/1'*E&6-7'F( /&+( +0( ?/1'*( :%*%( 7'1/3-7%*

&%C-,/*E%B(>&E(+&(7'1'(&+(/&%(+0(?/1'*(+3(0%&(5&7*-6/*%&B(\'(/&+
+0(?/1'*(&-1:0+1+36+(:%*%(00+3%*(+0(6-+1:'('(:%*%(+36*+6+3+*('
%/1+36%*(&/(*+:/6%7-23B(I'3'O7'(%(/3(&%7+*,'6+(+3(>&-%(,+0
`/*(./+(+&(6%3(@*%7-'&'(./+(0%(@+36+(*+%01+36+(7'1-+3O%(%(*+E*&+
%36+&(,+(./+(:*'3/37-+(0%(:*-1+*%(&E0%C%B(5&'(+&(&-1-0%*(%(0'(./+
&+(+&:+*%(,+(0'&(:%D%&'&(,+(/3(7-*7'F(&+%3(721-7'&('(3'B(5&6'(+&
-3%:*':-%,'(+3(+0(:W0:-6'B
`-3(+1C%*@'F(+0(?/1'*(:/+,+(&+*(+<6*+1%,%1+36+(+A+76-N'F
:%*%(@%3%*(7*+,-C-0-,%,(:%*%(+0(:*+,-7%,'*(%0(1'&6*%*(&/&(:/36'&
,GC-0+&F(:%*%(1%36+3+*(+0(-36+*G&(D(7*+%*(+<:+76%6-N%(%(0'(0%*@'(,+0
&+*123F(:%*%(,+&%*1%*(0%(:'&-7-23(,+A+3&-N%(,+(0'&('D+36+&(D
:%*%(-0/1-3%*(0%(N+*,%,B
50(+&6-0'F(+36'37+&F(+&(0'(./+(0+(,%(N-,%(%(&/(&+*123(7'3(7%*3+
D(?/+&'&(D(&/,'*B
0"1%"#1-&()(1/23/#"#,"+
`-@%(7/-,%,'&%1+36+(+0($%&'(4F(]5&6*/76/*+(+0(&+*123F_(%0
+&7*-C-*( +0( &+*123B( >./E( ?%D( /3( *+:%&'( ,+( 0%( &+7/+37-%( D( 0'&
7'1:'3+36+&B
56'7-.
50(6E6/0'(+&(0%(-,+36-,%,(,+0(&+*123B(J+C+(&+*(7'36+1:'*M3+'F
+<%76'F(70%*'(D(7'*6'B
5#8'.
50(6+<6'(:/+,+(+3/37-%*&+(Df'(0++*&+(+3(/3'('(1/7?'&(0/@%*+&F
7'1'(A/+(&+K%0%,'(+3(+0($%&'(4B
!+#9"$'+.17,,"*$
9%(6*%3&-7-23(,+(0'&(7'1+36%*-'&(:*+g-36*',/76'*-'&(%0(&+*123(&+
?%7+(%(6*%NG&(,+(:%/&%F('*%7-23F(0+76/*%(,+0(6+<6'F('(%0@/3%('6*%
&+K%0(./+(-3,-./+(%(0%(%/,-+37-%(./+(/&6+,(+&6M(:'*(7'1+3O%*(+0
&+*123B( \'( ,+C+( +&7*-C-*( 0%( :*+g( -36*',/77-23F( :+*'( ,+C+
:0%3+%*0%B
!8=
!"#$%&'#(#)(*#"+,-
:$'+.17,,"*$
9%(-36*',/77-23(,+C+(7%:6%*(0%(%6+37-23F(0+N%36%*(3+7+&-,%,+&F
'*-+36%*(+0(6+1%F(+&6%C0+7+*(+0(:*':2&-6'B(9%(:*':'&-7-23(7+36*%0
,+0(&+*123(&+(7'0'7%(%0(A-3%0(,+(0%(-36*',/77-23F(&-(+&(/3(&+*123
,+,/76-N'd(+3(/3(&+*123(-3,/76-N'F(+3(0%(-36*',/77-23(&'0%1+36+
&+(+<:*+&%*M(+0(6+1%B
0739"$'+.17,,"*$
$*+&+36+( +0( 6*%&A'3,'( D( +0( 7'36+<6'( ,+0( 6+<6'B( h36*',/O7%( 0%&

&+77-'3+&( :*-37-:%0+&( ,+0( &+*123( '( &-1:0+1+36+( 0%( :*-1+*%
&+77-23(:*-37-:%0B(9%($I`('(-370/&'(0%($IX(:/+,+(%A-*1%*&+('
*+:+6-*&+(%./EB
;7#+2.&1#-&%#+<*$
i%&%,'(+3(+0(C'&./+L'(+3(+0($%&'(4(PN+*(:M@B(jSF(%./E(?%D
%0@/3%&(7'&%&(:%*%(*+7'*,%*(1-+36*%&(+&7*-C+(+0(7/+*:'(,+(&/
&+*123B
hB $*-1+*%(`+77-23($*-37-:%0
5&6%C0+O7%(+0(:/36'(:*-37-:%0(,+(+&6%(&+77-23(+3(/3%('*%7-23
7'1:0+6%B(e+7/+*,+)($0%36+%*F(>A-*1%*F(k%0-,%*F(5<:0-7%*F(D(&-
+&(:'&-C0+((2-"=7#(+0(:/36'B
>&+@W*+&+( ,+( -36*',/7-*( 0%&( &/C,-N-&-'3+&( ,+( +&6+( :/36'
:*-37-:%0
>B($*-1+*(&/C:/36'(,+0(:*-1+*(:/36'(:*-37-:%0B
X%0( N+O( ./-+*%( -36*',/7-*( 0%&( &/C&+77-'3+&( ,+( +&6%
&/C&+77-23B
!B($*-1+*%(&/C&+77-23B
=B(`+@/3,%(&/C&+77-23B
X%0(N+O(./-+*%(*+:%&%*(0%&(&/C&+77-'3+&(%36+&(,+(:%&%*
%(0%(&+@/3,%((&/C&+77-23B
iB(`+7/3,%(&/C&+77-23
J+&:/G&(,+(7/C*-*(6',%&(0%&(&/C&+77-'3+&(,+(+&6+(:/36'F
*+:%&+(0%($I`(P+3(/3(&+*123(,+,/76-N'S('(+0(6+1%(P+3(/3
&+*123( -3,/76-N'S( '( 0%&( &/C&+77-'3+&( :*+7+,+36+&( D( 0%
!8;
!"#$%1/1%,-(3456*%7%8/
:*-1+*(&+77-23(:*-37-:%0B(9/+@'(6*%&0M,+&+(%(0%(&+@/3,%
&+77-23( :*-37-:%0B
>&+@W*+&+( ,+( 6+3+*( /3%( &20-,%( -0/&6*%7-23( :%*%( 0%( :*-1+*%
&+77-23( :*-37-:%0)
((((((((((((((((((((((((((>A-*1+(+0(:/36'
((((((((((((((((((((((((((h0/&6*+(+0(:/36'
((((((((((((((((((((((((((e+0%7-'3+(+0(:/36'(7'3(0%(%/,-+37-%
((((((((((((((((((((((((((e+%A-*1+f*+:%&+(+0(:/36'B
53(/3(&+*123(,+,/76-N'F(?%@%(/3%(%:0-7%7-23(,+0(:*-1+*
:/36'(%./EB
J+C+*E%( &+*( /3%( %:0-7%7-23( 7'37*+6%( D( A%C*-7%,%( %
:*':2&-6'B
`-@%(0%(1-&1%(+&6*/76/*%(:%*%(7%,%(&+77-23(,+(&/(&+*123B
>0(A-3%0(,+(0%(W06-1%(&+77-23(:*-37-:%0F(+<:*+&+(0%($I`(+3
A'*1%(7'1:0+6%B(P`+(*+:-6+(%./E(:%*%(G3A%&-&(D(*+N-&-23(+3
/3(&+*123(,+,/76-N'BS(53(/3(&+*123(-3,/76-N'(&+(7'0'7%
%./E(/3%(%:0-7%7-23(+&:+7EA-7%(D(7'37*+6%B
;.$,-7%"*$
b&+(0%(7'370/&-23(:%*%(?%7+*(0%(%:0-7%7-23F(*+%A-*1%*(0%($I`F
*+&/1-*F(D(00+N%*(%0(&+*123(%(/3(70E1%<(-1:*+&-'3%36+B
=-7#"-/)%>/"(#)(*#"+,-
J+&:/G&(,+(+&7*-C-*(+0(&+*123F(/&6+,(6+3,*M(./+(-36+*3%0-O%*0'
P3'(1+1'*-O%*0'SB(9'(C/+3'(+&(./+F(+3(*%O23(,+(./+(/&6+,(0+(,-'
A'*1%(%0(&+*123(,+&,+(+0(:*-37-:-'(1-&1'F(G&6+(D%(+&(:%*6+(,+
&/(%01%B(`/(6+<6'(D(:*+:%*%7-23(%76/%*M3(7'1'(%D/,%&(1+1'*-%&
+3(+0(:W0:-6'B(\'(3+7+&-6%*M(1+1'*-O%*(+0(&+*123(:%0%C*%(:'*
:%0%C*%F(%/3./+(6%0(N+O(3+7+&-6+(6*%C%L%*(:%*%(*+7'*,%*(7-+*6%&
-0/&6*%7-'3+&(D(6%0(N+O(./-+*%(:*%76-7%*(&/(+&6-0'(,+(:*+&+36%7-23
,+(%0@/3%&(&+77-'3+&B($'*(+L+1:0'F(&-(/&6+,(+&6M(6*%6%3,'(,+(-370/-*
/3%(%3G7,'6%(?/1'*E&6-7%(3+7+&-6%(%:*+3,+*(%(7'36%*0%B(J+('6*%
1%3+*%(&/(%/,-+37-%(1M&(N%0+(&+(*+-*M(,+(/&6+,(./+(7'3(/&6+,B(`-
/&6+,(?%7+(/3%(7-6%(D(3'(?%(:',-,'(1+1'*-O%*0%F(+&7*EC%0%(+3(/3
!8"
!"#$%&'#(#)(*#"+,-
:+,%O'(:+./+K'(,+(:%:+0(D(0G%0%(,+(%00E(,/*%36+(+0(&+*123B
\'( 'C&6%36+F( 3'( 3+7+&-6%*M( 1+1'*-O%*( 0%( 1%D'*( :%*6+( ,+0
&+*123B( `/@-+*'( ./+( +&7*-C%( +0( &+*123( +36+*'a:/36'&F
-0/&6*%7-'3+&(D(,+1M&a+3((1+,-%&(:M@-3%&(,+(:%:+0(1-+36*%&
+&6/,-%( +0( &+*123( :%*%( &+*( :*+&+36%,'B"( V-&( :*':-'&( ?MC-6'&
13+1'6G73-7'&( *+./-+*+3( ./+( +&7*-C%( +0( C'&./+L'( %( 1%3'
1-+36*%&(+&6/,-'(1-(&+*123B(b&'(,'&(7'0'*+&(+3(+&6+(C'&./+L'
+3( 0%( ?'L%( ,+( 1+,-%( :M@-3%a%O/0( '( 3+@*'( :%*%( 0'&( :/36'&
:*-37-:%0+&(D(&/C:/36'&F(D(*'L'(:%*%(0%&(-0/&6*%7-'3+&B(9%(A%06%(,+
*'L'(+3(%0@/3%(:%*6+(,+0(C'&./+L'(1+(%0+*6%(./+(,+C'(7'**'C'*%*
0%(3+7+&-,%,(,+(/3%(-0/&6*%7-23(+(-370/-*0%(&-(+&(3+7+&%*-'B(5&6+
C'&./+L'(&-@/+(0%(+&6*/76/*%(,+0(&+*123(:*+&+36%,%(%36+&(+3(+&6+
7%:E6/0'B
l*%37-&( i%7'3( ,-L')( ]9%( 0+76/*%( ?%7+( ./+( +0( ?'1C*+( +&6G
7'1:0+6'd(0%(7'3A+*+37-%(./+(+&6G(:*+:%*%,'d(+&7*-C-*(?%7+(./+
+0(?'1C*+(&+%(+<%76'B_(['(%:*+7-'(0%(-,+%(,+(./+(%0@W3(,E%(0'&
:*+,-7%,'*+&(:/+,%3(&+*(00%1%,'&(]?'1C*+&(+<%76'&B_
!"#$%1/"(#)(*#"+,-
b&6+,(?%(:*+:%*%,'(+0(&+*123(%(6*%NG&(,+(&+-&(+6%:%&(D(1+,-%B
T%( +&7*-6'( +0( &+*123( :%*%( -36+*3%0-O%*0'F( %*7?-N%*0'( D( :%*%
*+A+*+37-%(A/6/*%B(>?'*%(00+@%1'&(%(0%(:*+&+36%7-23(*+%0(,+0(&+*123B
V-( +<:+*-+37-%( 0-1-6%,%( 1/+&6*%( ( ./+( 0'&( '*%,'*+&( 3'
'77-,+36%0+&(6-+3+3(N+36%L%&(,-&6-36-N%&(+3(0%(:*+&+36%7-23(,+(/3
,-&7/*&'(&'C*+(&/&(7'36*%:%*6+&('77-,+36%0+&B(9%(@+36+(./+(7*+7+
+&(+&6%&(7/06/*%&('*-+36%,%&(%(0%('*%6'*-%(D(0%(3%**%7-23(,+(?-&6'*-%&
?%( N-&6'( &/&( ?%C-0-,%,+&( ,+( :*+&+36%7-23( A'*6%0+7-,%&( ,+&,+( 0%
3-K+OB(h370/&'(+3(0%(7'3N+*&%7-23(:+*&'3%0F(&+(-3N-+*6+(/3%(C/+3%
7%36-,%,(,+(+3+*@E%(AE&-7%B(\'('C&6%36+F(+3(7/06/*%&(%A+76%,%&(:'*
/3%(-370-3%7-23(A-0'&2A-7%(@*-+@%F(./+(6-+3,+(%0(-36+0+76'F(+0(G3A%&-&
A*+7/+36+1+36+(&+(:'3+(&'C*+(0%(7%0-,%,(,+0(7'36+3-,'(1M&(C-+3
./+(&'C*+(&/(:*+&+36%7-23B($'*(&/:/+&6'F(?%D(+<7+:7-'3+&(%(+&6%
'C&+*N%7-23(@+3+*%0B
4/2%#-1&1-5#(#/(6"78&.
9%( :*+&+36%7-23( &+( *+0%7-'3%( 7'3( +0( :*+,-7%,'*a&/( ( 7%*%F

@+&6'&(D(N'OB(5&6'&(&+(00%1%3(1+,-'&(3'(N+*C%0+&(,+(7'1/3-7%7-23B
!88
!"#$%1/1%,-(3456*%7%8/
50(/&'(,+(0%(7%*%F(@+&6'&(D(N'O(%0@/3%&(N+7+&(6-+3+(1M&(-1:%76'
./+(+0(7'36+3-,'(,+(0'(./+(/&6+,(6-+3+(:%*%(,+7-*B(b3%(N+O(%01'*7G
7'3( /3( %1-@'( ./-+3F( %0( 7'3N+*&%*( P*%O'3%C0+1+36+( 7'3
-36+0-@+37-%S(7'31-@'F(1-*%C%(7'3&6%36+1+36+(%(&/(*+0'LB(YU/G
%&:+76'( ,+( 0%( 7'1/3-7%7-23( ,+( G0( :-+3&%( /&6+,( ./+( +*%( 1M&
:',+*'&'Z(9'&(1+,-'&(3'(N+*C%0+&(,+C+3(/&%*&+(1/D(?MC-01+36+
D(+3(A'*1%(%:*':-%,%B(`/(7/+*:'(?%C0%(L/36'(7'3(&/(C'7%(D(,+C+
?%C+*(7''*,-3%7-23(+36*+(+00'&B
5&6'&(1+,-'&(3'(N+*C%0+&(7'1/3-7%3(&/(+36/&-%&1'(:'*(+0
&+*123F(1+L'*%3(&/(:*+&+37-%(+3(+0(:W0:-6'F(D(*+%01+36+(7*+%3
6','(/3(%1C-+36+(+1'7-'3%0(:%*%(&/(&+*123B(5&6'(+&F(&/(&+*123
:/+,+( &+*( C*-00%36+F( :+*'( &-( /&6+,( 3'( /&%( 1+,-'&( 3'( N+*C%0+&
%:*':-%,%(D(?MC-01+36+F(G&6'&(:/+,+3(N+6%*(0'(./+(6-+3+(:%*%
,+7-*B8
$+*1E6%31+(?%7+*(%0@/3'&(7'1+36%*-'&(&'C*+(7%,%(/3'(,+
+&6'&(1+,-'&(3'(N+*C%0+&B
07&,(+(
V+(,'D(7/+36%((,+(./+(%0@/3'&(6-+3+3(N+36%L%&(&'C*+('6*'&(+3
+&6%( +&A+*%F( :+*'( +37/+36*'( ./+( 3'( 3+7+&-6'( ,+&7'*%O'3%*1+
%7+*7%( ,+( 6%0( ,+&N+36%L%( +3( +0( :W0:-6'B( 9%( @+36+( 3'( &20'( +&6M
,-&:/+&6%(%(&':'*6%*(1-(7%*%(&-3'(./+(+3(*+%0-,%,('C&+*N%3(1-
7%*%(:'*(0'(./+(&-+36'(7'3(*+&:+76'(%0(&+*123F(%(1E(1-&1'(D(%
0'&(,+1M&B(>0@/3'&(+&6/,-'&(,-7+3(./+(1M&(,+(0%(1-6%,(,+(0%
7*+,-C-0-,%,( ,+0( '*%,'*( N-+3+( ,+( 0'&( %&:+76'&( A%7-%0+&( ,+( 0%
7'1/3-7%7-23B
50(7'36%76'(N-&/%0(7'3(&/(%/,-+37-%(,+C+(1%36+3+*&+(0'(1M&
:'&-C0+B(X+3@'(/3(%1-@'(./+(?%C0%(%(/3(&+@/3,'(C%0723(-3N-&-C0+
D('6*'(./+(1-*%(:'*(0%&(N+36%3%&(,+0(7'&6%,'F(./+(3'(+<-&6+3B(53
'7%&-'3+&(?+(1'N-,'(1-(7%C+O%(,+(/3(0%,'(%0('6*'(7'1'(&-(?/C-+*%
+&6%,'(1-*%3,'(/3(:%*6-,'(,+(6+3-&B(\+7+&-6%1'&(7'**+@-*(+&6'&
?MC-6'&(./+(,-&6*%+3B(V-*+(,-*+76%1+36+(%(&/(%/,-+37-%B(`-(6-+3+
/3%(%/,-+37-%(@*%3,+F(&+0+77-'3+(%(%0@/-+3(%(7%,%(0%,'F(%0@/-+3
+3(+0(A*+36+(D(%(%0@/-+3(%0(A'3,'F(D(?MC0+0+(%(+&%(@+36+(+3(A'*1%
:+*&'3%0B
`'3*E%( '7%&-'3%01+36+B( 5&6M( C-+3( &'3*+E*( +3( +0( :W0:-6'F
1-+36*%&(0%(%/,-+37-%(&+:%(./+(3'(+&6M(:*'1'7-'3%3,'(/3%(1%*7%
!84
!"#$%&'#(#)(*#"+,-
:%*6-7/0%*(,+(,+36EA*-7'B(>,+0%36+F(&'3*E%(7/%3,'(&+%(3'*1%0(%(&/
+&6%,'(,+(M3-1'F(3%6/*%0(:%*%(&/(7'36+3-,'(D(%:*':-%,'(:%*%(&/
7/06/*%B(X-+3+(./+(+0+@-*(%0@'(+36*+(/3%(1-*%,%(-3A+*3%0(D(/3%
7+0+&6-%0(:%*%(+0(:W0:-6'B(I*+'(./+(A/+(`:/*@+'3(./-+3(,-L'(%0@'
%&E(7'1')(]I/%3,'(?%C0+(%7+*7%(,+0(7-+0'F(:+*1-6%(./+(&/(7%*%
C*-00+d(7/%3,'(?%C0+(%7+*7%(,+0(-3A-+*3'F(Q&+*M(&/A-7-+36+(7'3(&/
7%*%(3'*1%0R_
9%(@+36+(&+(,%(7/+36%(,+(0%(,-A+*+37-%(+36*+(/3%(7%*%(C*-00%36+
D(/3%(+3'L%,%F(/3%(7%*%(@'O'&%(D(/3%(00+3%(,+(,'0'*F(/3%(+36/&-%&6%
D(/3%(%C/**-,%B
07%&>#%'.%
J+(0%(1-&1%(1%3+*%(./+(&/(7%*%F(&/(7/+*:'(6%1C-G3(?%C0%B
k%(%(&/1%*('(%(*+&6%*(,+(&/(7'1/3-7%7-23(N+*C%0B
T%D(6*+&(*+0%7-'3+&(:'&-C0+&(+36*+(&/(7/+*:'(D(&/&(:%0%C*%&)
• :$(,'"?"1(1B(50(7/+*:'(&-1:0+1+36+(%7'1:%K%(%0(+N+36'(,+0
&+*123B( I'1'( +0( 9MO%*'( *+&/7-6%,'F( +1+*@+( ,+( 0%( 6/1C%
+3N/+06'( +3( &/( 1'*6%L%F( &/( 7/+*:'( +&6M( +3,/*+7-,'( '
,-&7%:%7-6%,'B
• @"2#+(,'"?"1(1& A& (,,"*$& #=7"?.,(1(B( I/%0./-+*%( ,+( G&6%&
,-&6*%+3B(`/&(@+&6'&F(:'&6/*%(D(1'N-1-+36'(3'(,+C+3(00%1%*
0%( %6+37-23( ?%7-%( 0'( ./+( +&6M( ?%7-+3,'B( I/%3,'( +&( %&EF( &/
7/+*:'(&+(6*%3&A'*1%(+3(+0(7+36*'(:*-37-:%0(,+(0%(%6+37-23(,+
0%( %/,-+37-%B( I/%3,'( +*%( /3( %,'0+&7+36+( %7'&6/1C*%C%( %
&+36%*1+( %0( 0%,'( ,+0( :W0:-6'( +3( 3/+&6*%( -@0+&-%( D( 7'36%*( +0
3W1+*'(,+(N+7+&(./+(1-(:%&6'*(,'C0%C%(&/(:-+*3%&(?%&6%(+0
3-N+0(,+(0%&(*',-00%&B(>('6*'(:*+,-7%,'*(0+(:-7%C%3(0%&('*+L%&(D
&+( :'3E%( +0( ,+,'( 1+K-./+( +3( 0%( '*+L%( ,/*%36+( +0( &+*123B
>0@/3'&(1+(*+7/+*,%3(0%(%3%0'@E%(,+($%C0'(,+(/3(C'<+%,'*
./+( :+0+%( D( @'0:+%( %0( %-*+B( \'( ,+&%**'00+( 1%3+*-&1'&( ./+
,-&6*%-@%3F( 7'1'( L/@%*( 7'3( 0%&( 00%N+&( +3( &/( C'0&-00'( '
%7'1',%*&+(0'&(%36+'L'&(7'3&6%36+1+36+B
• B,,"*$& (2+.2"(1(B( `/( 7/+*:'( +36+*'( ,+C+( &+*( 3%6/*%0( %0
7'1/3-7%*(D(&/&(@+&6'&(,+C+(,%*(+0(1-&1'(1+3&%L+(./+(&/&
:%0%C*%&B($'*(+L+1:0'F(3'(&+K%0+(?%7-%(%C%L'(7/%3,'(?%C0%
!8#
!"#$%1/1%,-(3456*%7%8/
,+0(7-+0'B(\'(0+N%36+(6*+&(,+,'&(:%*%(-3,-7%*(&/(&+@/3,'(:/36'B
50(0+3@/%L+(,+(&/(7/+*:'(:/+,+(*+A'*O%*(&/&(:/36'&(+3(A'*1%
+A+76-N%)(+0(,+,'(./+(&+K%0%F(0%&(7+L%&(./+(:*+@/36%3F(0'&(C*%O'&
%1:0-'&F(+0(:/K'(7+**%,'F(0%&(:%01%&(%C-+*6%&F(D(1/7?'&('6*'&
@+&6'&F(&-(&+(?%7+3(3%6/*%01+36+(D(+3(0/@%*+&(%:*':-%,'&(+3
&/(&+*123F(:/+,+3(&+*(%6*-C/6'&(,+(&/(:*+&+36%7-23B
537/+36*'(./+(%0@/3'&(+&6/,-%36+&(+&6M3(00+3'&(,+(+3+*@E%(+3
&/(7%&%(P:'*(+L+1:0'F(+3(+0(7/1:0+%K'&(,+(&/(?-L'('(?-L%SF(:+*'(&+
6*%3&A'*1%3(+3(1'1-%&(+@-:7-%&(+3(+0(:W0:-6'B(X','(&/(7/+*:'
+&6M(%(&/(,-&:'&-7-23(:%*%(/&%*0'(:%*%(1+L'*%*(&/(1%6+*-%0(N+*C%0B
5&(-36+*+&%36+(./+(6'1%(0%(1-&1%(7%36-,%,(,+(+3+*@E%(AE&-7%(D
:&E./-7%(-3?-C-*&+(./+(&+*(0-C*+(+3(+0(:W0:-6'B
5&6M(C-+3(:'3+*&+(3+*N-'&'B(50(3+*N-'&-&1'(+&(/3(*+7'*,%6'*-'
,+(&/(A*%@-0-,%,(D(,+(0%(3+7+&-,%,(,+(,+:+3,+37-%(,+0(5&:E*-6/
`%36'B(`-(+0(3+*N-'&-&1'(+&6M(*+0%7-'3%,'(7'3(0'(C-+3(./+(&+(N%(%
,+&+1:+K%*F(+36'37+&(+&(/3(3+*N-'&-&1'(3'(&%36'B(`/(-,+36-,%,
3'(:/+,+(,+A-3-*&+(:'*(0'(C-+3(./+(:*+,-7%(,+&,+(+0(:W0:-6'B(`-
:*+,-7%*(0+(:*'N++(0%(@*-00%(:%*%(&/(-,+36-,%,(:+*&'3%0F(0+(@%*%36-O'
./+(+&6M(,+&6-3%,'(%(0%(,+:*+&-23B(5&(:'&-C0+(,-*-@-*(&/(3+*N-'&-&1'
?%7-%(0%(7'3A-%3O%(D(0%(%:+*6/*%(%(J-'&F(+0(5&:E*-6/(`%36'B(b&+(&/
3+*N-'&-&1'(:%*%(,-&:%*%*(/3%(7'3A-%3O%(1%D'*(+3(+0(5&:E*-6/
`%36'F(D(0%($%0%C*%(:%*%(0-C+*%*0'(,+(7'3&6*-77-'3+&(%/6'(-1:/+&6%&
'(+<6+*3%&F(1-+36*%&(1-3-&6*%(%(&/(:/+C0'B
b&+(0'&(@+&6'&(,+(1%3+*%(?MC-0(D(%:*':-%,%B(5&6'(&-@3-A-7%
./+(?%*M(0'(./+(+&(3%6/*%0(:%*%(/&6+,(D(&+*M(&+3&-C0+(%(&/(7/06/*%
%0(%,':6%*(@+&6'&(%:*':-%,'&B(`-(%0@/-+3(0'(A-01%(1-+36*%&(:*+,-7%F
/&6+,( :/+,+( +N%0/%*( &/( +&6-0'( D( +0-1-3%*( @+&6'&( 6'*:+&( +
-3%:*':-%,'&B(Q9/+@'(:/+,+3(C'**%*(0%(7-36%R
07&?.C
50(6'3'(,+(&/(N'O(7'1/3-7%(1M&(./+(+0(7'36+3-,'(,+(&/(7?%*0%B
J+(1','(./+(+&(+&+37-%0(/&%*(0%(N'O(+3(A'*1%(+A+76-N%B(b&6+,
,+C+( +37'36*%*( +0( 6'3'( D( 7/%0-,%,( %:*':-%,'&( D( ,+&%**'00%*
N%*-+,%,(+3(N+0'7-,%,(D(N'0/1+3B
!8H
!"#$%&'#(#)(*#"+,-
5.$.D
Y5&(&/(6'3'(,+1%&-%,'(:*'A/3,'('(,+1%&-%,'(%06'Z
Yk%*E%(/&6+,(+0(6'3'Z
Y$/+,+(/&6+,(-3A0+<-'3%*(&/(N'O(:%*%(7'1/3-7%*(&+36-1-+36'&
7'1'(@'O'F(/*@+37-%F('*,+3F('(%A-*1%7-23Z
;(-"1(1D
YX-+3+(&/(N'O(/3(&'3-,'(3%&%0Z
YX-+3+(&/(N'O(/3(&'3-,'(M&:+*'Z
Y`/+3%(/&6+,(&/%N+(D(*+0%L%,'Z
B+'",7-(,"*$&A&!7$'7(,"*$)4
YT%C0%(/&6+,(70%*%(D(7/-,%,'&%1+36+Z
Y$*'3/37-%(0%&(:%0%C*%&(7'**+76%1+36+Z
E#-.,"1(1&.&+"'<.D
YT%C0%(6%3(*M:-,'(./+(&/(%/,-+37-%(3'(0'(:/+,+(&+@/-*Z
YT%C0%(6%3(0+36%1+36+(./+(&+(%C/**+3Z
YT%7+(:%/&%&(C*+N+&(+3('7%&-'3+&Z
Yk%*E%(+36*+(/3(?%C0%*(*M:-,'F(0+36'(D(:%/&%,'Z
F%'+"1#$,"(&.&?.-7<#$D
YT%C0%(/&6+,(+3(N'O(0'(&/A-7-+36+1+36+(%06%(7'1'(:%*%(./+
6','&
:/+,%3(+&7/7?%*(&-3(+&A'*O%*&+(:%*%(?%7+*0'Z
YT%C0%(/&6+,(7'3(N'O(0'(&/A-7-+36+1+36+(C%L%(7'1'(:%*%(3'
C'1C%*,+%*
%0(./+(+&7/7?%Z
Yk%*E%(/&6+,(+0(N'0/1+3Z
`+*E%(C/+3'(@*%C%*(/3(:%*(,+(&+*1'3+&(+3(7%&&+66+&(,+(%/,-'
'(,+(N-,+'((:%*%(+N%0/%*(+0(/&'(,+(&/(N'OB(Y5&(&/(N'O(:0%7+36+*%
:%*%( +&7/7?%*Z( Yb&%( N%*-+,%,( ,+( +&6*-,+37-%( D( N'0/1+3Z
!8^
!"#$%1/1%,-(3456*%7%8/
I'3&6%36+1+36+(1+(6+3@'(./+(*+7'*,%*(./+(,+C'(,-&1-3/-*(0%
N+0'7-,%,(:'*./+(1-(7+*+C*'(7'**+(%06%&(N+0'7-,%,+&F(D(+0(6-+1:'
,+(:*+,-7%7-23(+&(&-+1:*+(7'*6'B(J+(1%3+*%(7'3&7-+36+F(,+C'
N%*-%*(0%(N+0'7-,%,(+3(0%(./+(?%C0'B(`-(/&6+,(6-+3+(:*'C0+1%&(+3
7/%0./-+*%(,+(+&6%&(M*+%&F(6%0(N+O(6+3@%(./+(-3&7*-C-*&+(+3(%0@W3
7/*&'(,+(721'(?%C0%*(+3(:WC0-7'('(6*%C%L%*(/&%3,'(/3(0-C*'(&'C*+
+0(6+1%B(I'3&-@%(%0@/3%&(:+*&'3%&(,+(7'3A-%3O%(P./-OM&(&/(+&:'&%S
:%*%(./+(0+(-3,-./+3(721'(:/+,+(1+L'*%*(0%(:*+&+36%7-23(,+(&/
&+*123B(`'C*+(6',%('6*%(7'&%F(?%C0+(7'3(:%&-23(,+&+&:+*%,%B
$'*./+(7/%3,'(&/(:*+,-7%7-23(6-+3+(:%&-23F(0'&(,+6%00+&(,+(0%
:*+&+36%7-23(:%*+7+3('7/:%*(&/(0/@%*(%:*':-%,'B
!4c
!"#$%&'#(#)(*#"+,-
35?)6;6
m/6O'3(i'*@0/1F(/3(1%+&6*'(+&7/06'*F('*@%3-O2(0%
6%00%(,+(/3%(,+(0%&(1M&(@*%3,+&(:-+O%&(,+(0%(+&7/06/*%
1',+*3%(,+(@*%3(6%1%K'B(50(6+1:0'(%(0%(,+1'7*%7-%
*+6*%6%(7/%6*'(7%*%&(,+(:*+&-,+36+&(:*'1-3+36+&(,+
0'&( 5&6%,'&( b3-,'&F( +3( +0( V+1'*-%0( \%7-'3%0( ,+0
V'36+(e/&?1'*+F(+3(0%&(i0%7n(T-00&(,+(J%n'6%(,+0
`/*B(o0(6/N'(0%(@*%3(&%6-&A%77-23(,+(,+7-*0+(%(0%(@+36+
./+(]0%&(7%*%&(,+(0'&(:*+&-,+36+&(&-+1:*+(+&6/N-+*'3
%00Ed(3'&'6*'&(&'0%1+36+(0%&(:/&-1'&(+3(+N-,+37-%B_
53( *+%0-,%,F( +&'( +&( 0'( ./+( ./-+*+3( 0'@*%*( 0'&
:*+,-7%,'*+&(+<:'&-6-N'&a:'3+*(+3(+N-,+37-%(%36+
0%(%/,-+37-%F(0%(N+*,%,(,+(0'&(6+<6'&(:%*6-7/0%*+&(,+
0%&( 5&7*-6/*%&B( b&6+,( 6%1C-G3( :/+,+( ?%7+*( /3%
+&7/06/*%(%(:%*6-*(,+(0%&(5&7*-6/*%&B(V+O70+(0%(,-3M1-7%
,+( /3%( N-,%( +&:-*-6/%0( N-6%0( D( 0%( 1+7M3-7%( ,+( 0%
:*+:%*%7-23( ,+( /3( &+*123F( D( /&6+,( :/+,+( -*( %0
:W0:-6'(+3(7%,%('7%&-23F(7'3A-%3,'(./+(+0(`+K'*(,+
0%($%0%C*%(N%(%(*+A'*O%*(0%($%0%C*%(,+0(`+K'*(%(6*%NG&
,+(/&6+,F(&/(&-+*N'B
!4!
!"#$%&'(
!"#$%&'()
$%&'%()*+,-./0%(0%&1,(203)/.' ,)-'%(/',()%4,&'%(540
)(60,4-'()*)20/0,(0,(%06.,)2.'%(%'720(08*'%./.9,
7:73./);(540(%0(<),(330=)-'()(/)7'(*'2(&'-'(03(64,-'>
?2'=00,(/3)2.@./)/.9,;(.34%&2)/.',0%;(03)7'2)/.',0%;('
/'60,&)2.'%(&+/,./'%(%'720(3'%(&06)%(-0(*20-./)/.9,
7:73./)(/',%.-02)-'%(0,(0%&0(3.72'>
! A'%( 70,0@./.'%( -0( 3)%( 30,B4)%( '2.B.,)30%( *)2)

*20-./)-'20%(C?)%'(!D
E $3.B.0,-'(4,(&08&'(*)2)(%4(%0269,(C?)%'(ED
# F'&)%(.,&2'-4/&'2.)%(%'720(B2)61&./)(C?)%'%(!;
ED
G A'%(*03.B2'%(-0(3)(*2.,/.*)3.H)/.9,(C?)%'%(!;(#;
GD
I J,13.%.%(<0260,+4&./'(K()*3./)/.9,(<'6.3+&./)(-0
&08&'%(,)22)&.='%(C?)%'%(E;(G;("D
" ?2'*'%./.',0%( /0,&2)30%L( 4,( *2'/0-.6.0,&'
)=),H)-'(C?)%'%(#;(G;(ID
M N'6*20,-.0,-'()(%4()4-.0,/.)L(08+B0%.%(-0(3)
/43&42)(C?)%'%(G;("D
O A'%( 03060,&'%( -03( 7'%540P'( -0( 4,( %0269,
/'6*0&0,&0(C?)%'("D
Q R,(0P06*3'(-0(.,&2'-4//.9,()3(%0269,(C?)%'("D
!S T'26)%(*)2)(3)(.,&2'-4//.9,()3(%0269,(C?)%'("D
!! N40%&.',)2.'(-0(0=)34)/.9,(-03(%0269,(C?)%'(MD
!"#
*+(%&','&-$./0"1)&2&3,
!"G
!"#$%&'(
!"#$%&'(
1
41).5($(6&'&1).%(.7,)
7($89,).1+&8&$,7()
",+,."+(%&',%1+()
R,)(*20B4,&)(540(<)(%.-'(@'2643)-)(@20/40,&060,&0
0,(%06.,)2.'%(*)2)(*20-./)-'20%(0%(UVW0702:)(4,'
0%&4-.)2(3)%(30,B4)%(7:73./)%('2.B.,)30%(*)2)(*20-./)2
7.0,XY( UVZ4+( =0,&)P)%( <)K( *)2)( 3)( *20-./)/.9,( 0,
0%&4-.)2(B2.0B'(K(<0720'XY
[.( 20%*40%&)( 0%&1( &'6)-)( *20%&)-)( -0( \)2'3-
\'0<,02;( 4,( 0%&.6)-'( /'30B)>( A)( -.@020,/.)( 0,&20
0%&4-.)2(0,(%4(*2'*.'(.-.'6)(K(/','/02(3)%(30,B4)%
'2.B.,)30%(0%()3B'()%:(/'6'(3)(-.@020,/.)(0,&20(4,)
.6)B0,(-0(&030=.%.9,(0,(73),/'(K(,0B2'(K(4,)(-0(/'3'2>
A)(.6)B0,(0,(/'3'2(0%(61%(=:=.-)(K(20)3.%&)>(N4),&'
61%( 0%&+( @)6.3.)2.H)-'( /',( 3)%( 30,B4)%( '2.B.,)30%;
60P'2(-0@.,.-'(0%&)21(03(&08&'(*)2)(4%&0->($,(20)3.-)-;
<)K()3B4,)%(-0/.%.',0%(-0(*20/.%.9,(540(,'(*40-0,
-0&026.,)2%0(/',(&2)-4//.',0%>
?'2('&2)(*)2&0;(3)(&030=.%.9,(0,(73),/'(K(,0B2'(20/.70
4,)(%0])3(K(640%&2)(4,)(740,)(.6)B0,>(^0(*40-0
6.2)2(K(%0B4.2(3)(<.%&'2.)(64K(7.0,>(R,(&030=.%'2()
/'3'2(0%(4,(34P'(<026'%'>(^.(4%&0-(%0(*40-0(/'6*2)2
4,';(*2'7)73060,&0(-0/.-.21(540(=)30(3'(540(/40%&)>
W0(3)(6.%6)(6),02);('7&0,B)(&'-'(03(0,&20,)6.0,&'
)=),H)-'( 540( *40-);( *02'( ,'( -0P0( -0( *20-./)2
%.6*3060,&0( *'2540( ,'( <)( 0%&4-.)-'( 3)%( 30,B4)%
7:73./)%>
[4/<'%(-0(3'%(61%(B2),-0%(*20-./)-'20%(-0(W.'%
,'( <),( .-'( )( 4,( %06.,)2.'>( F'( *026.&)( 540( %4%
!"I
*+(%&','&-$./0"1)&2&3,
/)20,/.)%(3'(.,&.6.-0,>($3(W2>(A0_.%(^*022K(N<)@02;(@4,-)-'2(-03
^06.,)2.'( -0( W)33)%( K( 0%/2.&'2( -0( 4,)( &0'3'B:)( -0( 6`3&.*30%
='3`60,0%;(,'(/','/:)(3)%(30,B4)%('2.B.,)30%>([1%()`,;(3)(30,B4)
/)%&033),)( 0%( 3'( %4@./.0,&060,&0( =02%1&.3( /'6'( *)2)( -)230( 4,
%.B,.@./)-'( )-0/4)-'( -0( 3)( a.73.)>( J3( /',%43&)2( &2)-4//.',0%;
-.//.',)2.'%(K(/'60,&)2.'%(4%&0-(%0(*2'&0B021(-0(022'20%(0,(740,)
60-.-)>(?'2(0P06*3';(30(20/'6.0,-'(/',%43&)2(4,)(a.73.)(540
/',&0,B)(=)2.)%(=02%.',0%;(/'6'(*)2)()302&)23'(%'720(3)%(-.@020,&0%
&2)-4//.',0%( -0( 4,( 6.%6'( *)%)P0>( $,( .,B3+%( 4,)( 740,)( 0%( 3)
0-.&)-)( *'2( N42&.%( b)4B<,;( !"#$ %#&$ !#'()*#+($ ,-.*$ /0
!-)+'1)(2.+'3(c2),-(d)*.-%L(e',-02=),;(!Q"M>(f)67.+,;(03(3002
3)%($%/2.&42)%(0,(%4(30,B4)(6)&02,)(C%.(,'(0%(03(/)%&033),'D(30(-)21
)( 4%&0-( 1,B43'%( <026'%'%( %'720( 4,( *)%)P0( -0&026.,)-';
0%*0/.)360,&0(-)-'(540(&2)-4/&'20%(08&2),P02'%(&2)7)P)2',()(*)2&.2
-0(3)%(30,B4)%('2.B.,)30%(*)%),-'(*'2(%4%(*2'*.)%(30,B4)%(6)-20%
K(330B),-'()(%4(30,B4)(=02,1/43)>
^.( 4%&0-( <)/0( 03( &2)7)P'( 540( 0%&'K( 20/'60,-),-'( 0,( 0%&0
%.%&06)(-0(*20*)2)/.9,(-0(%026',0%;(,'(&0,-21(540(*20'/4*)2%0
*'2( ,'( &0,02( %4@./.0,&0( 6)&02.)3( *)2)( *20-./)2>( N',( )3B'( -0
0,&20,)6.0,&'(0,(B2.0B'(K(<0720';(3)(6)K'2(*)2&0(-0(6.%()346,'%
-0( *20-./)/.9,( )=),H)-)( 0,@20,&),( /',( 61%( @20/40,/.)( 03
*2'7306)(-0(54+(-0P)2()@402)(-0(4,(%0269,;(540(03(-0(0,/',&2)2
%4@./.0,&0(6)&02.)3(*)2)(.,/34.2(0,(+3>
N4),-'(4%&0-(*40-0(4%)2(3)%(30,B4)%('2.B.,)30%(0,(%4(0%&4-.';
%4(60,%)P0(&0,-21(6)K'2(*20/.%.9,;(3'(/4)3(30(-)21(61%(/',@.),H)
0,( %4( *20-./)/.9,>( $%( /'6'( 4%)2( 4,( 6)*)( -0&)33)-'( *)2)
'2.0,&)2%0(0,(4,)(/.4-)->(R,(6)*)(/',(60,'%(-0&)330%(*'-2:)
B4.)23'()3(34B)2()-',-0(=);(*02'(/',(4,(6)*)(-0&)33)-';(4%&0-
0%&)21(%0B42'(-0(3)(24&)()(/)-)(*)%'(-03(/)6.,'>
!""
!"#$%&'(
!"#$%&'(
/7&8&($%1.9$.2(021
",+,.(7.)(+:-$
2
$,(3)(.,&2'-4//.9,()(0%&0(3.72'(*20%0,&+()3B4,)%(-0
3)%(=0,&)P)%(-0(*20-./)2(%'720(&08&'%(/',%0/4&.='%>
$,( '/)%.',0%;( 4%&0-( ,0/0%.&)21( )*)2&)2%0( -0( &)3
*20-./)/.9,(*2'B20%.=)('(%0/40,/.)3(%'720(4,(3.72'>
$,(4,(-'6.,B'(-0(?)%/4);(<)/0()3B4,'%()]'%;(':(4,
60,%)P0(%'720(^),%9,()(*)2&.2(-03(3.72'(-0(g40/0%>
hA)( 2)H9,( 540( 03( *)%&'2( -.'( *)2)( *20-./)2( %'720
^),%9,( @40( 540( <)7:)( *20-./)-'( %'720( 03( /)*:&43'
*20=.'(03(-'6.,B'(),&02.'2i(F'(%93'(540(,'(/46*3.9
/',( 3)%( 08*0/&)&.=)%( -0( %4( )4-.0,/.);( %.,'( 540
&)6*'/'()*2'=0/<9(03(6'60,&';(K)(540(<)7:)()33:
64/<'%( U)%.%&0,&0%( <)7.&4)30%( -03( -'6.,B'( -0
?)%/4)>Y($33'%(='3=.02',()(/)%)(/',@.26)-'%(0,(%4
-0/.%.9,(-0()%.%&.2()(3)(.B30%.)(0,(@'26)(.220B43)2>
J54:(<)K()3B4,)%(2)H',0%(*)2)(030B.2(03(&08&'(-03
%0269,>
• 41$125-.$565127.8$$%&0(0%(03(6+&'-'(08*'%.&.='(4%4)3>
R%&0-(*20-./)(%'720(/)-)(*122)@'('(*)%)P0(&)3(/'6'
%0(%4/0-0,>(W070(030B.2(03(3.72'(7:73./'(&0,.0,-'
0,(/40,&)(3)%(,0/0%.-)-0%(-0(3)()4-.0,/.)>(^.(4%&0-
0%&4=.02)( /'60,H),-'( 4,( 6.,.%&02.'( 0,&20
/2.%&.),'%(*02%0B4.-'%(0,(4,()67.0,&0(<'%&.3;(&)3
=0H(*'-2:)(030B.2(*20-./)2(%'720(03(3.72'(-0(?2.602)
-0(?0-2'>
!"M
*+(%&','&-$./0"1)&2&3,
• 41$7)1#+9)-2.$7-2'(2)+.8(W070(&'6)2(0,(/40,&)(3'%(B2),-0%(-:)%
-0( 3)( .B30%.)>( J%0B`20%0( -0( 20/'2-)2( 3)( +*'/)( -0( 3)( ?)%.9,
CW'6.,B'( -0( d)6'%;( b.02,0%( ^),&'( K( ?)%/4)D( K
0%*0/.)360,&0(3)(+*'/)(-0(F)=.-)->(J3B4,)%(=0/0%(3'%(B24*'%
'7%02=),( '&2'%( -:)%( 0%*0/.)30%( /'6'( 03( -'6.,B'( %'720( 03
\)6720( 0,( 03( [4,-'( '( 03( -'6.,B'( -0( 3)( $=),B03.H)/.9,
[4,-.)3>(A)(60-.-)(0,(540(4%&0-(%0(203)/.',0(/',(03(/)30,-)2.'
-0(4,)(.B30%.)('(-0,'6.,)/.9,(0%*0/.)3;(-0*0,-0(-0(3)(<.%&'2.);
3'%(/'6*2'6.%'%(K(3)%(*2.'2.-)-0%(-0(%4(.B30%.)>
• 41$7)1#+9)-2.$+)72.+)18([4/<'%(*):%0%()*)2&),(4,(-'6.,B'
*)2)(03(W:)(-0(3)([)-20>(j&2'%(/03072),(03(W:)(-03(F.]'>(A)
6)K'2:)(-0(3'%(*):%0%(&.0,0,(4,(W:)(-0(3)(k,-0*0,-0,/.)>(^02:)
740,'( *20-./)2( 60,%)P0%( )*2'*.)-'%( *)2)( 0%&'%( -:)%
0%*0/.)30%>( F'( '7%&),&0;( ,'( %.0,&)( 540( -070( -)2
20/','/.6.0,&'()(/)-)(@02.)-'(-0%-0(03(*`3*.&'('(*20-./)2(4,
60,%)P0(203)/.',)-'>
• 4:#+(.'$#';#72)1#'8($=0,&'%(0%*0/.)30%(0,(3)(=.-)(-0(3)(.B30%.);
&)30%(/'6'(3)(-0-./)/.9,(-0(4,(0-.@./.'(0/30%.1%&./';(-0702:),
&0,02(4,(60,%)P0(203)&.='()3(0=0,&'>
• 4:#+(.'$2+<'<)1#'8(^.(3)(/.4-)-('(3)(,)/.9,(<),(*)%)-'(*'2(4,
-0%)%&20(,)/.',)3;()%0B`20%0(-0()7'2-)2(03(&06)>$d0/402-'(03
-'6.,B'(*'%&02.'2()3()%0%.,)&'(-0(3)(?2.602([.,.%&2'(k,-.2)
c<),-.(*'2(*)2&0(-0(%4%(B4)2-)0%*)3-)%>($,(F40=)(W03<.(%0
<)7:)(-0%)&)-'(4,('-.'(.,@02,)3>($3(6.0-'(<)7:)(-0%/0,-.-'
%'720(&'-'%>(A)(,)/.9,(0%&)7)(-0(-403'>(R,)%(*'/)%()36)%
/',( /'2)P0( @402',( )( 3'%( /43&'%( 0%0( -'6.,B'>( F0/0%.&)7),
-0%0%*02)-)60,&0(4,)(*)3)72)(-0(*)2&0(-0(W.'%;(K(,'(0%&)7)
0,(03(*)%)P0(540(=0,:)()(/',&.,4)/.9,(0,(03(3.72'(%'720(03(/4)3
K'(0%&)7)(*20-./),-'>
J3(030B.2(03(&08&';(%.06*20(&0,B)(0,(60,&0()(%4(/',B20B)/.9,>
VN4130%(%',(%4%(,0/0%.-)-0%X(VZ4+(54.020(W.'%(540('.B),(0%&)
%06),);(60%;()]'X(J4,(/4),-'(4%&0-(&0,B)(540(.,/34.2(0%&)%
-.@020,&0%(@0/<)%(K(0=0,&'%(0,(%4(/)30,-)2.'(-0(*20-./)/.9,;(.B4)3
*40-0( *20-./)2( %'720( &08&'%( -0( 3)%( $%/2.&42)%>( $,( 03( ?)%'( G
&2)&)6'%(/',(3)(*20-./)/.9,(-0(61%(-0(4,(%0269,()(*)2&.2(-0(4,
%'3'(&08&'>(^.(%0(540-)(%.,(0%0(&.*'(-0(&08&'%;(-0702:)(*0,%)2(0,
*20-./)/.',0%(&061&./)%(*)2)(0=0,&'%(0%*0/.)30%>
!"O
!"#$%&'(
!"#$%&'(
;12,).&$2+1%9'21+&,)
)15+(.8+,:<2&',
3
$,( 03( ?)%'( E;( 4%&0-( &4='( 540( 4%)2( <022)6.0,&)%
B2)6)&./)30%( *)2)( .-0,&.@./)2;( 0=)34)2;( *2.'2.H)2( K
0%&24/&42)2(4,(*)%)P0>(k,/34K'(03(6)&02.)3(%.B4.0,&0
%'720( B2)61&./)( /)%&033),);( )( 3'%( 0@0/&'%( -0
.,&2'-4/.23'('(20.,&2'-4/.23'(0,(3'%(03060,&'%(-0(3)
B2)61&./)(/)%&033),)>
!%)(*&+,-. R,( )-P0&.='( 0%( 4,)( *)3)72)( 4%)-)( *)2)

6'-.@./)2(C-0%/2.7.2;(3.6.&)2('(/)3.@./)2D(03(%.B,.@./)-'
-0(4,(%4%&),&.='('(*2','6720>
((((((((((((((((((($3(,.]'(330=)7)(4,(B3'7'(#+.-*#8
!%+(./&,-.R,()-=027.'(0%(4,)(*)3)72)(4%)-)(*)2)
6'-.@./)2(C-0%/2.7.2;(3.6.&)2('(/)3.@./)2D(03(%.B,.@./)-'
-0(4,(=027';(4,()-P0&.='(4('&2'()-=027.'>
l3(/)6.,)(-=;29)*#+(#8$$33'%(*)20/:),
#>(-#*)9)*#+(#( ),%.'%'%>( l3( /)6.,)
*<?(21*.-)60,&0>
W0( )/402-'( )( %4( %.B,.@./)-';( 3)( 6)K'2:)( -0( 3'%

)-=027.'%( /)0,( -0,&2'( -0( 4,'( -0( 3'%( B24*'%
%.B4.0,&0%>(^0(-),(0P06*3'%(-0(/)-)(B24*'>
!"Q
*+(%&','&-$./0"1)&2&3,
!>(W0(&.06*'L(#+(.+7#'3$)".-)3$,-#7<#+(#*#+(#8
E>(W0(34B)2L()@<63$)1163$#+$)1A<+)$;)-(#8
#>(W0(6'-'L(-=;29)*#+(#3$'<):#*#+(#3$*)18
G>(W0(/),&.-)-L(*<?3$#>(-#*)9)*#+(#8
!.*0'12,3-.A'%()2&:/43'%(-0@.,.-'%(C#13$1)3$1.'3$1)'D(%0])3),(4,)
'(61%(/'%)%(-0@.,.-)%('(*)2&./43)20%(-0(4,)(/3)%0>
(((((((((((((((((((((((B.'(,.]'%(0,(1.'$)%.0,&'%(-0()-03),&0>
A'%( )2&:/43'%( .,-0@.,.-'%( C<+3$ <+)3$ <+.'3$ <+)'D( -0,'&),( )

/4)354.02)(-0,&2'(-0(4,)(/3)%0(-0('7P0&'%>
(((((((((((((((((((((((((<+)(<)7.&)/.9,
(((((((((((((((((((((((((<+(030@),&0
42513126-.R,)(/314%43)(/',%.%&0(-0(4,(%4P0&'(K(4,(*20-./)-'>
?40-0(%02(4,)('2)/.9,(/'6*30&)('(4,)(*)2&0(-0(033)>(A)('2)/.9,
%.B4.0,&0(/',%.%&0(-0(-'%(/314%43)%>
(((((((((('<C#(.$$$$;-#927)9.
(((((((((($3(20/.7.9(%4(*)B)(/4),-'(03(&2)7)P'(0%&4='(<0/<'>
A)(71=<'<1)$;-2+72;)1(C'(/314%43)(.,-0*0,-.0,&0D(0%(4,)(/314%43)
540(*40-0(0%&)2(%'3)(K(&0,02(%.B,.@./)-'(*'2(%:(6.%6)>
41$-#7252D$'<$;)A)(0%(3)(/314%43)(*2.,/.*)3('(.,-0*0,-.0,&0>
A)( 71=<'<1)$ '<5.-92+)9)$ '$ 9#;#+92#+(#( 0%( 4,)( /314%43)( 540

-0*0,-0(-0(3)(/314%43)(*2.,/.*)3(*)2)(%4(%.B,.@./)-'(K(,'(*40-0
*026),0/02(%'3)>
E<)+9.$#1$(-)5)C.$#'(<:.$"#7".(0%(4,)(/314%43)(%47'2-.,)-)
'(-0*0,-.0,&0>
A)(/314%43)(%47'2-.,)-)(B0,02)360,&0(0%(.,&2'-4/.-)(*'2(4,)
/',P4,/.9,(%47'2-.,)-)(C)<+@<#3$;.-@<#3$'23$@<#;(0&/>D;(*'2(4,
)-=027.'(C9.+9#3$7)9)$:#F$@<#3$7<)+9.;(0&/>D;('(*'2(4,(*2','6720
203)&.='(C@<2#+3$7<?.3$@<#3$)$@<2#+3$#1G1)$7<)13(0&/>D>
!MS
!"#$%&'( =
4,$)1$'&7$-. R,)( /',P4,/.9,( 0%( 4,)( *)3)72)( 4%)-)( *)2)

/',0/&)2( *)3)72)%;( @2)%0%( '( /314%43)%>( \)K( -'%( /3)%0%( -0
/',P4,/.',0%>( A)%( 7.+C<+72.+#'$ 7..-92+)9)'$ C?3$ ;#-.3$ .3$ +2D
/',0/&),(*)3)72)%;(@2)%0%('(/314%43)%(-0(.B4)3(2),B'>
(((((((((((((((((((((((($3(*)-20(?(03(<.P'(%',(740,'%(6'H'%>
((((((((((((((((((((((((l3(*40-0(%02(*'720(;#-.(&'-)=:)(0%('2B433'%'>
A)%(7.+C<+72.+#'$'<5.-92+)9)'(C)<+@<#3$;.-@<#3$'23$9#'9#3$@<#;
0&/>D(.,&2'-4/0,(/314%43)%(540(0%&1,(%47'2-.,)-)%()3(20%&'(-0(3)
'2)/.9,>
((((((((((((((((((((((((l3(%0(540-9(0,(/)%)(;.-@<#(,'(&0,:)(-.,02'>
8/)(*,9:&.('*,-(A)(*02%',)('(/'%)(-.20/&)60,&0()@0/&)-)
*'2(3)()//.9,(-03(=027'>
(((((((((((((((((((((((($3(P4B)-'2(*)%)(1)$;#1.()8
((((((((((((((((((((((((g4),(B'3*09()$'<$"#-*)+.8
8/)(*,9;$%&.('*,-($3('7P0&'(.,-.20/&'(0%(3)(*02%',)('(/'%)
.,-.20/&)60,&0()@0/&)-)(*'2(3)()//.9,(-03(=027'>
((((((((((((((((((((((((($3(30(*)%9(03()H`/)2()$'<$2+:2()9.8
((((((((((((((((((((((((($3(30(*)%9()$'<$2+:2()9.$03()H`/)2>
41$)FH7)-(0%(03('7P0&'(540(@40(*)%)-'(C03('7P0&'(-.20/&'Dm($'<$2+:2()9.
0%(03(540(20/.70()3('7P0&'(-.20/&'(K(0%(03('7P0&'(.,-.20/&'>
<13*6$*&+,-(R,(%4%&),&.='(0%(03(,'6720(-0(4,)(*02%',);(4,
34B)2('(4,)(/'%)>
=.,$,>/.(-(R,(*2','6720(0%(4,)(*)3)72)(4%)-)(0,(34B)2
-0(4,(%4%&),&.='(*)2)(0=.&)2(20*0&./.',0%(&'2*0%>(N'6*)20(3)%
%.B4.0,&0%('2)/.',0%L
f'61%(*0,%9(540(f'61%(<)7:)(*02-.-'(%4(-.,02'>
f'61%(*0,%9(540(I1(<)7:)(*02-.-'('<(-.,02'>
!M!
*+(%&','&-$./0"1)&2&3,
?#$(.,-(c+,02'(0%(4,(/)67.'(0,(3)(@'26)(-0(4,(%4%&),&.='
'(4,(*2','6720(*)2)(-0,'&)2(%08'>($3()-P0&.='(K(03(%4%&),&.='
-070,(/',/'2-)2(0,(B+,02'>
((((((((((((((((((((((((([)%/43.,'L(".*5-#3$2+:2()9.3$I13$'<?.>
(((((((((((((((((((((((((T060,.,'L(*<C#-3$2+:2()9)3$#11)3$'<?)>
@(./,-.R,(=027'(0%(4,)(*)3)72)(540(08*20%)()//.9,('(4,
0%&)-'(-0(%02('(4,)(/',-./.9,>(A'%(=027'%(/',/402-),(0,(*02%',)
K(,`602'(/',(03(%4%&),&.=';(K(3)(@'26)(/)67.)(-0()/402-'()3
&.06*'>($,(/)%&033),'(<)K(&),&'(=027'%(20B43)20%(/'6'(.220B43)20%>
((((((((((((((((((((((((g4),(,<#()(3)(0%/403)>
((((((((((((((((((((((((A'%(,.]'%(*2-)+(&030=.%.9,>
((((((((((((((((((((((((A'%(=.%.&),&0%(11#A)-=+(*2',&'>
A&(>",3-.$3(&.06*'(-0(4,(=027'(.,-./)(03(6'60,&'(-0(3)
)//.9,>(\)K(-.0H(&.06*'%(-03(=027'(0,(/)%&033),'(0,(03(6'-'
.,-./)&.='>
((((((((((((((((((((((((J-#'#+(#K$n'(<)73'>
((((((((((((((((((((((((J-#(I-2(.$J#-,#7(.$L2*;1#K$n'(<)73+>
((((((((((((((((((((((((J-#(I-2(.$M*;#-,#7(.K$n'(<)73)7)>
((((((((((((((((((((((((J-#(I-2(.$J#-,#7(.$E.*;<#'(.K$n'(<0(<)73)-'>
((((((((((((((((((((((((J-#(I-2(.$J1<'7<)*;#-,#7(.K(n'(<)7:)(<)73)-'>
((((((((((((((((((((((((J-#(I-2(.$N+(#-2.-K(n'(<470(<)73)-'>
((((((((((((((((((((((((O<(<-.K$n'(<)73)2+>
((((((((((((((((((((((((O<(<-.$J#-,#7(.K(n'(<)72+(<)73)-'>
((((((((((((((((((((((((E.+9272.+)1K(n'(<)73)2:)>
((((((((((((((((((((((((E.+9272.+)1$E.*;<#'(.K$n'(<)72:)(<)73)-'>
B,%,-($3(6'-'(-0(4,(=027'(.,-./)(3)(.,&0,/.9,(-03(540(<)73)
'(0%/2.70>(\)K(&20%(6'-'%(0,(/)%&033),'>($3(*.9.$2+927)(2:.(%0
4%)(*)2)()@.26)2(4,(<0/<'('(<)/02(4,)(*20B4,&)>
$33'%(=.=0,(0,(03(/)6*'>
V$%&1%(/'6.0,-'X
!ME
!"#$%&'( =
$3(*.9.$'<5C<+(2:.(08*20%)(42B0,/.);(*'%.7.3.-)-;(0%*0/43)/.9,;
@'26)3.-)-;(/',-./.9,(/',&2)2.)()(3'%(<0/<'%>
R2B0,/.)L(W06),-+(540(033)(:2+2#-)(.,60-.)&)60,&0>
T'26)3.-)-L( \)B'( 6'/.9,( -0( 540( 3)( 204,.9,( '#)
*'%&02B)-)>
N',&2)2.0-)-(/',(3'%(<0/<'%L(^.(K'(,<#-)(&`;(.2:)>
$3$*.9.$2*;#-)(2:.(%0(4%)(*)2)(08*20%)2(4,)('2-0,('(4,(*0-.-'>
hJ)')$03()H`/)2;(*'2(@)='2i
hF.]'%;(:#+A)+$)54:i
:.1:)*.'$)(3)%(/.,/'>
CD>(.,-.$3(,`602'(%0(20@.020()(3)(*2'*.0-)-(-0(4,(%4%&),&.=';
*2','6720('(=027'(540(.,-./)(%.(3)(20@020,/.)(0%()(4,'(C%.,B43)2D
'()(61%(-0(4,'(C*342)3D>(^4P0&'%(K(=027'%(-070,(/',/'2-)2(0,
,`602'>( R,( *2','6720( -070( /',/'2-)2( 0,( ,`602'( /',( 03
%4%&),&.='( 540( 2006*3)H)>( $3( )-P0&.='( K( 03( %4%&),&.='( &)67.+,
-070,(<)/023'>
=.(",3&'&7$-(R,)(*20*'%./.9,(0%(4,)(*)3)72)(@4,/.',)3(4%)-)
/',(4,(%4%&),&.='('(*2','6720(*)2)(6'%&2)2(%4(203)/.9,(/',
'&2)( *)3)72)( '( *)3)72)%( 0,( 3)( '2)/.9,>( \)K( -.0/.,40=0
*20*'%./.',0%(0,(/)%&033),'>(R,)(@2)%0(*20*'%./.',)3(/',%.%&0(-0
4,)(*2'*'%./.9,(K(%4('7P0&'>
(((((((((((((((((((((((((((^)3.9()$1)$;<#-()>
(((((((((((((((((((((((((((^)3&)2',('.5-#$1)$*#')>
R,)(*20*'%./.9,(*40-0(&0,02(-'%('(61%('7P0&'%
(((((((((((((((((((((((((((b.)P)2',(*'2('2#--)'(K(:)11#'8
!M#
*+(%&','&-$./0"1)&2&3,
!MG
!"#$%&'(
!"#$%&'(
41)."(7&8+1).%(.7,
"+&$'&",7&>,'&-$
4
A)(*2.,/.*)3.H)/.9,(0%(3)(&0'2:)(-0(3)(*20-./)/.9,(540
&'6)(4,(*)%)P0;(08&2)0(4,(*2.,/.*.'(4,.=02%)3;(K(3'
)*3./)()3(/',&08&'(/',&06*'21,0'>(?'2(0P06*3';(':
4,(%0269,(%'720(03(&06)(UF40%&2'(W.'%(0%(4,(W.'%
)74,-),&0;Y(08&2):-'(-0(c+,0%.%(!>(A)(7)%0(&08&4)3
=0,:)(-0(3)%(6`3&.*30%(/'%)%(540(W.'%(/209o64/<)%
0%&2033)%;(64/<'%(),.6)30%;(64/<'%(*0/0%;(64/<'%
*1P)2'%;(K()%:(%4/0%.=)60,&0>($3(*2.,/.*.'(&0'39B./'
0%(/.02&'>(?02'(%.(&.0,0(03()=)3(-03(&08&';(0%'(,0/0%.&)
/',%.-02)2%0(/',(/4.-)-'>
A)( *2.,/.*)3.H)/.9,( 0%( 4,( 60-.'( *'*43)2( -0( 20p
*20%0,&)2(3)(U=02-)-Y(-03(*)%)P0>([0(B4%&)2:)()302&)2
)3(*20-./)-'2(%'720()3B4,'%(-0(3'%(*03.B2'%(-0(0%&0
06*20,-.6.0,&'()7%&2)/&'>(F'(0%&'K(-./.0,-'(540(3)
=02-)-(&0'39B./)(,'(-07.02)(08&2)02%0(-0(3'%(-0&)330%
-0(4,(*)%)P0;(*02'(3'(540(0%&'K(-./.0,-'(0%(540(,'
-0702:)6'%(4%)2(*)%)P0%(/'6'(602)%(.34%&2)/.',0%
-0(=02-)-0%(%4*40%&)60,&0(4,.=02%)30%(540(08.%&0,
)*)2&0(-0(033'%>!($3(6+&'-'(-0(*20-./)/.9,(540(<)
%.-'(*2'*40%&'(0,(0%&0(6),4)3(*20=.0,0(-0(3)(/3)%0
022)-)( -0( U*2.,/.*)3.H)/.9,Y( 540( 0%( -0@0,-.-)( *'2
)3B4,'%(<'6.3+&./'%>($,(0%&0(6+&'-';(.,&0,&'(*2'=002
-0()4&'2.-)-(7:73./)(K(-0(2030=),/.)(/',&08&4)3(o3)
2)H9,(*)2)(3)(*2.,/.*)3.H)/.',(/'6'(4,)(0%&2)&0B.)
<'6.3+&./)>( Cb0)( 03( )*+,-./0( %.B4.0,&0( %'720( 3)
)*3./)/.9,(<'6.3+&./)()(&08&'%(,)22)&.='%;(7.'B21@./'%
!MI
*+(%&','&-$./0"1)&2&3,
0(<.%&92./'%>D
?026:&)60( )2&./43)2( )3B4,)%( -.@./43&)-0%( /',( 3)
U*2.,/.*)3.H)/.9,(/'6'(4,(20/42%'(<'6.3+&./'>Y(b)2.)%(-0(0%&)%
-.@./43&)-0%( %',( %0])3)-)%( *'2( ^>( c20.-),4%( 0,( %4( &2)7)P'
)3&)60,&0( &+/,./'( L.1)$ L7-2;(<-)8( $%&)%( &1/&./)%( -0
*2.,/.*)3.H)/.9,(%0(&'2,),(0%*0/.)360,&0()B4-)%()3(*20-./)2(%'720
&08&'%(,)22)&.='%;(7.'B21@./'%(0(<.%&92./)60,&0(-0%/2.*&.='%>
B)$;-2+72;)12F)72D+$-#9<7#$1)$"2'(.-2)$9#$1)$-#9#+72D+$)1$;1)+.
9#$1)$"2'(.-2)$*.-)18($3(0=0,&'(<.%&92./'(0,(03(-0%)22'33'(-0(3)
20-0,/.9,('(03(.,/2060,&'(-0(4,)(20=03)/.9,(0%*0/.)3(330B),()(%02
&),(.,%.B,.@./),&0%(/'6'(/4)354.02(*02%',)P0('(0=0,&'(,'&)730
0,( 3)( <.%&'2.)( %0/43)2>( ?'-06'%( *20-./)2( )( *)2&.2( -0( c<),-.;
[)2&.,(A4&<02(q.,B;(3)(<.%&'2.)(-0(3)(.B30%.);(?3)&9,('(-0(*)217'3)%
/43&42)30%;(0,(0%&0(%0,&.-'(6'2)3>
$2,0%&(a0%&(CO-.*$!#>($(.$L#-*.+K$P#';.+'251#$Q'#$.,$("#
%#&( !#'()*#+($ 2+$ J-#)7"2+AD( 0%/2.70L( U$%( *'%.730( '7&0,02
08)/&)60,&0(3'%(6.%6'%(20%43&)-'%()30B'2.H),-'(*)%)P0%(@402)
-0(3)%($%/2.&42)%Y(C"!D>(l3(4&.3.H)(3)(.34%&2)/.9,(-03(H'22'(K(03(/402='
0,(3)%(@1743)%(-0($%'*'>($3(*0-)H'(-0(/)2,0(0%(3)(?)3)72)(-0
W.'%;(03(H'22'(0%(03(-.)73';(K(03(/402='(0%(03(/2.%&.),'>($3(*2.,/.*.'
4,.=02%)3(-02.=)-'(-0(0%&)(@1743)(%02:)L(UN4),-'(03(/2.%&.),'(*.0,%)
64K()3&'(-0(%:(6.%6';(*.02-0(3)(?)3)72)(-0(W.'%>Y(J<'2)(0%0
*2.,/.*.'(0%()3&)60,&0(*20-./)730(K(&0'39B./)60,&0(/'220/&'>
$,(/)67.';(c20.-),4%()-=.02&0(U>>>(4,)(=0H(540(4,'(<)(&'6)-'
4,(&08&'(<.%&92./'(/'6'(&08&'(-0(*20-./)/.9,;(-070(&'6)2(0%0
&08&'( -0( )/402-'( )( %4( *2'*.)( ,)&42)30H)( K( ,'( 61%( /'6'( 4,)
.34%&2)/.9,Y(CIO;(/.&),-'()(\'3_02-);(OOD>(R,(&08&'(,)22)&.='(0%
4,(<0/<'(-0(3)(<.%&'2.)(K(-0702:)(%02(&2)&)-'(/'6'(&)3;(K(,'(/'6'
4,)(*)217'3)>(UN4)354.02)(540(*.0,%0(540(0%(*'%.730(540(W.'%
*026.&.02)( 540( /.02&)( <.%&'2.)( @402)( 20B.%&2)-)( *)2)( -)2( r4,)
0,%0]),H)(0,(@'26)(*.,&'20%/);s(*.02-0(-0(=.%&)(3)(-.@020,/.)(0,&20
4,)(*)217'3)(K(4,(*0-)H'(-0(<.%&'2.)Y(Cc20.-),4%;("!D>
B)$;-2+72;)12F)72D+$;)')$;.-$)1(.$1)$2*;.-()+72)$?$'2+A<1)-29)9
9#$ <+)$ +)--)72D+$ ?$ )7.+(#72*2#+(.$ ;)-(27<1)-#'R'<$ 7)-=7(#-
,)7(<)18$ ^.( 4,( &08&'( <.%&92./'( %.2=0( *)2)( U.34%&2)2( K( -0%/2.7.2
/',/20&)60,&0(4,)(/.02&)(r=02-)-;s(0,&',/0%(03(/)21/&02(@)/&4)3
-0(&)3(0=0,&'(,'(0%(-06)%.)-'(.6*'2&),&0(-)-'(540(0%)(.34%&2)/.9,
*40-0(-)2%0(-0(3)(6.%6)(6),02)(0,(4,)(*)217'3)(540(0,(4,)
!M"
!"#$%&'( ?
)30B'2:)Y( Cc20.-),4%;( "!;( &'6)-'( -0( \'3_02-);( k;( E!D>( A)

<.%&'2./.-)-( %0( &'2,)( %0/4,-)2.)( 20%*0/&'( -0( 3)( )7%&2)//.9,
&0'39B./)(540(%0(0,%0])(0,(03(&08&'>($%&)(=.%.9,(20-4/0(3)(,)&42)30H)
-0(3)%($%/2.&42)%()(4,(3.72'(-0(&08&'(0P06*3)2(-0(0%&4-.'%(-0(/)%'%>
$,(/)67.';(,'%'&2'%(%'%&0,06'%(540()(3)(=02-)-(&0'39B./)(%0
30(-)(4,(1,B43'('(B.2'(*)2&./43)2(0,(4,(.,/.-0,&0(<.%&92./'(-)-'>
^.,(03(.,/.-0,&0(<.%&92./';(3)(=02-)-(&0'39B./)(7)%)-)(0,(+3(,'
0%&)21()33:(K(,.(%.54.02)(%02:)(/.02&)>
B)$;-2+72;)12F)72D+$-#'<1()$#+$*.+.(.+6)$;.-@<#$#1$7)-=7(#-
H+27.$9#$(.9.'$?$7)9)$<+.$9#$1.'$(#>(.'$+.$'#$7);()8(k,&02*20&)-'
0,( @'26)( )&'6.H)-);( \'3_02-)( -./0;( U4,'( *40-0( *20-./)2( 03
6.%6'(%0269,(%'720;(*'2(0P06*3';([)&0'(!!>!p"(C3)(-4-)(-0
g4),(03(a)4&.%&)D(K(g4),(ES>(EGpEQ(C3)(-4-)(-0(f'61%DL(g0%`%
3.702)(-0(3)(-4-)>Y($%&)(6','&',:)(%0(20%403=0(B0,02)360,&0(/',
3)(/20)&.=.-)-(-03(*20-./)-'2>(T20/40,&060,&0('.B'()(4,(<'6720
540( %.B40( 4,( 6+&'-'( -0( *20-./)/.9,( -0( )/402-'( )( 3)
U*2.,/.*)3.H)/.9,>Y( $%( )3&)60,&0( .6)B.,)&.='( K( /20)&.='( K( 4,
/'64,./)-'2(-0%/'33),&0;(*02'()*)20/0,(3'%(6.%6'%(*2.,/.*.'%
0,(64/<'%(&08&'%>(^4(*20-./)/.9,()%460(*2.,/.*.'%()2540&:*./'%
540(/)-)(&08&'(.34%&2)('(6),.@.0%&)>
$,(/)67.';(K'(%4B.02'(540(0%&)(=.%.9,(-0(3)(=02-)-(&0'39B./)
-03(U6:,.6'(/'6`,(-0,'6.,)-'2Y(-0(34B)2()(3)(*)2&./43)2(=02-)-
&0'39B./)(-0(/)-)(&08&'(0,(3)(<.%&'2.)(-0(3)(20-0,/.9,>(A)(&)20)(-03
*20-./)-'2(0%(-06),-),&0(K(/24/.)3(*)2)(330B)2()(0%&)(*2'*'%./.9,
/0,&2)3(K(*)2)(<)/023)(/',&06*'21,0)(*)2)(%4()4-.0,/.)>
B)$ ;-2+72;)12F)72D+$ 12*2()$ 1)$ ;-#927)72D+$ )$ 1)'$ ")52129)9#'
(#.1DA27)'$ ?$ )$ 1)'$ 7)(#A.-6)'$ #>;#-2#+72)1#'$ 9#1$ ;-#927)9.-8$ $3
*20-./)-'2(*40-0(=02(61%('(60,'%(=02-)-(&0'39B./)(%0B`,(%0)
%4(0,&20,)6.0,&'('()(%4(08*02.0,/.)(<46),)>([.0,&2)%(540(03
0,&20,)6.0,&'( &0'39B./'( K( 08*02.0,/.)3( *2'@4,-.H),( ( 3)
/'6*20,%.9,(-0(3)%($%/2.&42)%(540(&.0,0(03(*20-./)-'2;(%4(*2.602
&)20)(0%(0,/',&2)2(3'(540(-./0,(3)%($%/2.&42)%>
B)$ ;-2+72;)12F)72D+$ #+(-)$ )1$ #'(<92.$ #>#AI(27.$ #';#-)+9.
#+7.+(-)-$ )1A<+)'$ )+)1.A6)'$ #+(-#$ 1)$ )<92#+72)$ ;-2*2(2:)$ ?$ 1)
)<92#+72)$)7(<)18($,(4,(%0,&.-';(,'%(/',/0,&2)6'%(0,(,40%&2)
)4-.0,/.)(-0%-0(03(/'6.0,H'(-03(*2'/0%'(-0(*20*)2)/.9,>($%0
@'/';(,'('7%&),&0;(,'(0%(3)(*20'/4*)/.9,(*2.,/.*)3(-03(*20-./)-'2
%.(0%(540(+3(-0%0)(*20%0,&)2(4,)(*)3)72)()4&'2.&)&.=)(-0(*)2&0(-0
!MM
*+(%&','&-$./0"1)&2&3,
W.'%>( F'( 0%( *'%.730( 540( 03( 6+&'-'( -0( *2.,/.*)3.H)/.9,( *40-)
<)/02( P4%&./.)( /',( 03( /)21/&02( `,./'( -03( &08&';( *'2540( 74%/)
*2.602'()3B4,)(),)3'B:)(0,&20(3)(B0,&0(0,(03(&08&'(K(3)(B0,&0(<'K>
B)$ ;-2+72;)12F)72D+$ 5='27)*#+(#$ (-)()$ 9#$ 7D*.$ )C<'()-'#
#';2-2(<)1*#+(#$)$#'()$:29)8($,/40,&2'(0%&0(&.*'(-0(%026',0%(0,
&'-)%(*)2&0%>(J3B4,'%(33)6),()(0%&'(*20-./)/.9,(2030=),&0>(F'
-0%/40,&'( 03( <0/<'( -0( 540( 0%&'%( *20-./)-'20%( *40-),( %02
2030=),&0%;(*02'(3)(/40%&.9,(540(0%&)6'%(&2)&),-'()54:(0%(%.(%4
*20-./)/.9,(&.0,0(B)2),&:)(7:73./)>
A'%( %026',0%( -070,( %02( @.030%( )3( &08&'( &),&'( /'6'( %02
2030=),&0%>(R,'(,'(0,/40,&2)(,.(-0702:)(0,/',&2)2(2030=),/.)(,<#-)
-0(3)(*2'*'%./.9,(/0,&2)3(-03(&08&'>($%/4/<+(4,(%0269,(%'720
c13)&)%(#>"p!G(540(&0,:)(03(%.B4.0,&0(+,@)%.%;(UW.'%(03(?)-20(0%
@.03;(*'2(3'(&),&';(3'%(<'6720%(-0702:),(%02(*)-20%(@.030%>Y($,(0%&0
0%5406);(03(/2.%&.),'(%0(&2),%@'26)(0,(03(@)/&'2(61%(.6*'2&),&0
0,(03(*2'/0%'(-0(3)(*20-./)/.9,>($,(/)67.';(03(%.B,.@./)-'(-03
&08&'(-0702:)(%02(3)(*2.602(*20'/4*)/.9,>
B)$;-2+72;)12F)72D+$")7#$<+$7.-(.$72-7<2(.$#+$#1$;-.7#'.$9#
2+(#-;-#()72D+$;)')+9.$;.-$)1(.$1)$92'7.+(2+<29)9$#+(-#$1)$A#+(#
9#$#+(.+7#'$?$1)$A#+(#$".?8(^0(/'3'/)(4,(%.6*30(%.B,'(-0(0/4)/.9,
0,&20(3)%()4-.0,/.)%(*)%)-)(K(*20%0,&0;(-0(6'-'(540(0,&',/0%
0%(.B4)3()()<'2)(Ca0%&;(MSD>(a0%&(33)6)()(0%&'(U&2),%@020,/.)(-.20/&)Y
K(/2.&./)(24.-'%)60,&0(0%&0(6+&'-'(CIM(K(%.B4.0,&0%D>
B)$;-2+72;)12F)72D+$;.+#$)1$;-#927)9.-$#+$7.+(-.1$9#$1.$@<#
#12A#$ #C#*;12,27)-$ ;)-)$ '<$ )<92#+72)8$ F'( <)K( ,.,B`,
20/','/.6.0,&'(-0(3)(720/<)(<.%&92./)(0,&20(3)()4-.0,/.)(),&.B4)
K( 3)( *20%0,&0>( ?'2( 0P06*3';( V-0702:)6'%( 205402.2( 540( 3)%
/',=02/.',0%(<'K(@40%0,(.-+,&./)%()(3)(-0(^)43'X(VW07.+2)6'%
-06),-)2(540(3'%(*'720%(-0,(&'-'(*)2)(03(^0]'2(C/'6'(0,(A4/)%
E!DX( f)3( =0H;( 03( U*2.,/.*.'( 4,.=02%)3Y( 0%( 540( W.'%( 54.072)( 3'%
/'2)H',0%(-42'%(C/'6'(0,(03(/)%'(-0(3)(/',=02%.9,(-0(?)73'D;
*02'(<)K(64/<'%(/'2)H',0%(-42'%(540(+3(,'(54.072)>
W0%)@'2&4,)-)60,&0;(0,(3)(*2.,/.*)3.H)/.9,(03(*20-./)-'2(03.B0
3'%(*)2&./43)20%(0,(3'%(/4)30%(03(*)%)P0(%0(203)/.',)(/',(,'%'&2'%>
n(64/<'%(-0(3'%(-0&)330%(-03(*)%)P0(%0(&'2,),(-0(*'/'('(,.,B`,
=)3'2(0,(03(%0269,>(A)(*2.,/.*)3.H)/.9,(0,@)&.H)()3(*20-./)-'2(CK
)3( 'K0,&0D( *'2( %'720( 03( &08&'>( A)( *2.,/.*)3.H)/.9,( <)/0( -0( 3)%
$%/2.&42)%( 4,( '7P0&'( *)%.='( 540( /',&.0,0( .,@'26)/.9,( %'720
!MO
!"#$%&'( ?
&.06*'%(*)%)-'%;(K(540(*'%00(&'-)(/3)%0(-0(=02-)-0%(540(K';(03
*20-./)-'2;(03(/','/0-'2()/&.=';(-070(-0%&.3)2(-0(033)%;(K(540(K';
03(*20-./)-'2;(-07'(")7#-()*3./)730%(Cc20.-),4%;(Q#D>
B)$ ;-2+72;)12F)72.+$ ;-.:##$ 9#$ #>IA#'2'$ ;'27.1DA27)$ )H+$ '2+
A)-)+(6)$565127)8(F'(<)K(-4-)(540(3)(*2.,/.*)3.H)/.9,(<)/0()3(&08&'
61%(2030=),&0>(?02'(03(&06)(0%(%.(&)3(*%./'3'B.H)/.9,(30(<)/0(P4%&./.)
)3(&08&'>(A)(/40%&.9,(0%(%.(3)%($%/2.&42)%(6.%6)%(,'%(*20%0,&),
4,)(-0%/2.*/.9,(*%./'39B./)(-0(3)(B0,&0(.,/34.-)(0,(%4%(0%/2.&'%
<.%&92./'%>( ^.( 0%&0( ,'( 0%( 03( /)%';( 0,&',/0%( ,.( K'( ,.( 3)
*2.,/.*)3.H)/.9,(3'%(*'-06'%(-0%/2.7.23'%(*%./'39B./)60,&0>
B)$;-2+72;)12F)72D+$#';2-2(<)12F)$#1$(#>(.8(A)(34/<)(@:%./)(-0
g)/'7(%0(&'2,)(0,(,40%&2)(34/<)(0%*.2.&4)3m(3)(/0B402)(@:%./)(-0
[)&0'(Q(330B)()(%02(,40%&2)(/0B402)(0%*.2.&4)3>(A'%(/'60,&)2.'%
<'6.3+&./'%(*40-0,(%02(&0'39B./)60,&0(/'220/&'%;(*02'(3)(/40%&.9,
0%(%.(&)3(0%*.2.&4)3.H)/.9,(&.0,0()3B'(540(=02(/',(03(&08&'>($,(20)3.-)-;
0%&0(0%(03(6+&'-'()30B92./'(-0(.,&02*20&)/.9,(K(-0(*20-./)/.9,>
$3(&08&'(<.%&92./'(%0(&2)&)(/'6'(4,)(.34%&2)/.9,(/',/20&)(-0()3B4,)
=02-)-(6'2)3(540(%0(0,/40,&2)(0,('&2)(*)2&0;(K(%.(%0(0,/40,&2)(0,
'&2)(*)2&0;(V*'2(54+(,'(*20-./)2(%'720(0%0(*)%)P0(0,(34B)2(-0
0%&0(*)%)P0X(?20B`,&0%0;(V&.0,0(0%&0(&08&'(%4(*2'*.'(60,%)P0X
B)$;-2+72;)12F)72D+$-#9<7#$1)$,#$)$<+)$*.-)129)9$9#$7.+9<7()8
W0(0%&)(6),02);(%0(-./0(540(03(&08&'(0%(2030=),&0>(A)(*20%4*'%./.9,
-0(540(&'-'(&08&'(/',&.0,0(08<'2&)/.',0%()(&0,02(4,)(/',-4/&)
)*2'*.)-);(@402H)()3(&08&'()(*2.'2.(-0,&2'(-0(4,(6'3-0(6'2)3;(540
*40-0('(,'(0%&)2(-0()/402-'(/',(03(&08&'>(W0706'%()*2'8.6)2,'%
)3(&08&'(/',(0%&)(*20B4,&)(C0,&20('&2)%DL(VZ4+(/',-4/&)(%0(-0@.0,-0
)54:X(?02'(%4*',B)(540(,'(0%(3)(.,&0,/.9,(-03(&08&'(/',&0%&)2
0%)(*20B4,&)>(A'%(&08&'%(<.%&92./'%(%',(*)2&./43)260,&0('7%&.,)-'%
0,(0%&0(*4,&';(*02'(%.(3)(*20B4,&)(%0(30%(*3),&0)(-0(&'-'%(6'-'%;
3)(20%*40%&)(-070(-0()3B4,)(6),02)(-0-4/.2%0(-0(3)(/',-4/&)(-0
3)(*02%',)(0,(03(&08&'(Cc20.-),4%;(OSD>
!MQ
*+(%&','&-$./0"1)&2&3,
!OS
!"#$%&'(
!"#$%&'(
5
!$<7&)&)
@(+:($#92&'1.A
,"7&','&-$.@1:&7#2&',
%(.2(021).$,++,2&31)
A)%( ,)22)/.',0%;( K)( %0),( 7.'B21@./)%;( <.%&92./)%( '

/',/02,.0,&0%( )( 6.3)B2'%;( /',@'26),( 4,)( B2),
*'2/.9,( -0( 3)%( $%/2.&42)%>( R,'( &.0,0( 540( 4%)2
-.%/02,.6.0,&'( .,&02*20&)&.='( 0( .6)B.,)/.9,
%),&.@./)-)( )3( *20-./)23)%>( f)3( =0H( 3)( 618.6)
@4,-)60,&)3()3(*20-./)2(%'720(,)22)/.',0%(=.0,0(-0
c'2%<0.-0L(U=0)()3(&08&'(*2.602'(/'6'(*)2&0(-03(&'-';
K(%0B4,-'>>>(&'60()3(&08&'(0,(K(*'2(%:(6.%6'>Y(C^>
c20.-),4%;(L.1)$L7-2;(<-)(;("Sm(&)67.+,(=0)(d'702&
J3&02;(!"#$N-($.,$S25127)1$%)--)(2:#3$F40=)(n'2tL(a)%./
a''t%;( !QO!3$ /4K'%( /'60,&)2.'%( %0( .,/34K0,( 0,
=)2.'%(*4,&'%(61%()7)P'>D
!$<7&)&).@(+:($#92&'1.%(.2(021).$,++,2&31)
J3( *20-./)2( %'720( ,)22)/.',0%;( %0( ,0/0%.&),( 3)%

%.B4.0,&0%(/3)%0%(-0(),13.%.%(080B+&./'%>
• N+=12'2'$'2+(=7(27.8$J,)3./0(3)%(/3)=0%(%.,&1/&./)%(K
B2)6)&./)30%(*)2)(3'%((6'=.6.0,&'%(-0,&2'(-0(3)
,)22)/.9,>
• N+=12'2'$ 9#$ *.:2*2#+(.8( N4)354.02( /)67.'( -0
%4P0&';( 34B)2;( *02%',)%( K( -061%( .,-./)( 4,
6'=.6.0,&'( 540( ,0/0%.&)( %02( /',%.-02)-'( )3
),)3.H)2(03(&08&'>
!O!
*+(%&','&-$./0"1)&2&3,
• N+=12'2'$-#(D-27.8(A)(20*0&./.9,;(3)(2+71<'2.$C/4),-'(3)%(6.%6)%
*)3)72)%( %0( 4%),( )3( /'6.0,H'( K( )3( @.,)3( -0( 4,( *)%)P0( *)2)
-0%&)/)23'(/'6'(4,)(4,.-)-D(K(03(54.)%6'(-0702:),(0%&4-.)2%0>
• N+=12'2'$1I>27.$?$:#-5)18(A)(20*0&./.9,(-0(*)3)72)%(0%(4,)(/3)=0
*)2)(-)2%0(/40,&)(-03(60,%)P0>(b0)(6.(0P06*3'(0,(03(*)%'("
-0( [)&0'( !OL( 03( *02-9,( /'6'( 3.702&)->( J3&02( 0%/2.70L( UA)
20*0&./.9,(0%(4,)(/)2)/&02:%&./)(@)6.3.)2(-0(3)(a.73.);(*02'(-0
,.,B4,)(6),02)(0%(4,)( <022)6.0,&)()4&'61&./)>(VN41,-'
'/4220( 3)( 20*0&./.9,( 3.&02)3;( K( /4130%( %',( 3)%( =)2.)/.',0%
%.B,.@./)&.=)%(0,(3)%(@92643)%(=027)30%(20*0&.-)%XY(CJ3&02;(E!D>
• N+=12'2'$ 7.*;)-)(2:.8( R,)( *)2&0( -03( &08&'( *2'=00( -0( 4,
/'60,&)2.'( .,-.20/&'( %'720( '&2)( 60-.),&0( 03( 4%'( -0( 4,)
U),)3'B:)(,)22)&.=)Y(CJ3&02;(E!D>(?'2(0P06*3';(g)/'7;(54.0,
0,B)]9;(0%(0,B)])-'(*'2(%4%(<.P'%>(j(W)=.-;(54.0,(/'60&.9
)-43&02.'(K()%0%.,)&';(0%(.,/)*)H(-0(20*20,-02()(%4(@)6.3.)
540(/'60&.9(=.'3)/.9,(K()%0%.,)&'>(A'%()4&'20%(7:73./'%(02),
0%/2.&'20%(%'@.%&./)-'%;(540(06*30)7),(2./)%(&+/,./)%(,)22)&.=)%>
• N+=12'2'$9#1$92'#T.8(^$A$NfkbkWJW(W$A(JRfjd>(^0(-0702:)(-)2(B2),
*0%'()3()4&'2u0-.&'2(-03(&08&'>($A(0%&)7)(0%/2.7.0,-'(/',(4,
*2'*9%.&';( .,&0,/.',)360,&0;( K( 0%&)7)( /'6*',.0,-'( 4,
6',&)P0>(A'%()4&'20%(7:73./'%(&0,:),(%4(*2'*.)(39B./)(<0720)
*)2)(%030//.',)2>($%/2.7.02',(/',(B2),(%'@.%&./)/.9,>
fH=0&),(f'-'2'=(C!"#$J.#(27'$.,$J-.'#;(I#p"ID(*2'*',0(U540
3'%(024-.&'%(6'-02,'%(*40-0,(-0/3)2)2(/',(B2),(/',@.),H)(540
/.02&)%(*)2&0%(-0(4,(&08&'(),&.B4'(,'(*'-2:),(/'220%*',-02%0
/',('&2)%L(3)(,)22)&.=)(%4*40%&)60,&0(*2.6.&.=)(0%&1(%4P0&)(*'2
'72)( -0( 3'%( 024-.&'%;( )( 30K0%( &1/.&)%( /'6'( 3)( 30K( -0( 3)( 4,.-)-
0%&.3:%&./);(3)(-0(3)(,'(/',&2)-.//.9,;('(3)(-0(3)(,'(-.B20%.9,;(3)(-0
3)(,'(20*0&./.9,;(K(-07.-'()(0%&)%(34/0%(&0,40%(K(%4*40%&)60,&0
4,.=02%)30%;(20%43&)(%02(4,(/'6*40%&';(-0@./.0,&0('(.,/'<020,&0>
C^.(&),(%93'(0%&)%(/4)&2'(30K0%(@40%0,()*3./)-)%(20%*0/&.=)60,&0
)(Q12'#';(41$'.+29.$?$1)$,<-2);(!-2'(-)*$L")+9?(K(E#1.';(/)-)(4,)
-0(0%)%(,'=03)%(6'-02,)%(-0702:)(%02(2030B)-)()3(*)*0302'(-0(3'%
7'22)-'20%( 3.&02)2.'%( 20-)/&)-'%( /',( 6)3)( /)3.-)->D( f'-'2'=
*2'*',0(540(*20%&)2()&0,/.9,()(3)(/',%/.0,/.)(-0(%4%(*2'*.)%
'*02)/.',0%( 540( &0,:)( 3)( ,)22)&.=)( ),&.B4);( 20=03)21( /41,
!OE
!"#$%&'( B
.22030=),&0%( %',( B0,02)360,&0( 0%&'%( /2.&02.'%( )%46.-'%( /',

/'6*3)/0,/.)Y(C/.&)-'(*'2(J3&02;(E!D>
$3( *2'7306)( 0%( 540( .6*',06'%( ,40%&2)%( *2'*.)%( 30K0%( K
-0@.,./.',0%(-0(4,.-)-(3.&02)2.)(K(0%&.3:%&./)oh/41,-'(K(-9,-0(4,
)4&'2(-0702:)('(,'(<)/02(4,)(-.B20%.9,('(20*0&.2(%4(6)&02.)3i
kFf$FNkvF(j(?dj?v^kfj(W$A(JRfjd>($%&'%(-0@.,0,(6'&.='%;(203)/.',0%
K(&06)%(-02.=)-'%>(?'2(0P06*3';([)&0'(.,&0,&)(540(03(30/&'2(-0
%4( 0=),B03.'( =0)( )( g0%`%( /'6'( 03( 20K( -0( k%2)03>( N',%.-020( 03
.6*)/&'(-0(3)(/24/.@.8.9,(%'720(03(2'6),'(540(30K9(03(3.72'(-0
[)2/'%>
RFkWJW( W$A( JRfjd>((A)(@2)B60,&)/.9,(0%(4,'(-0(3'%(B2),-0%
*2'7306)%( -0( 3)( .,&02*20&)/.9,( K( 3)( *20-./)/.9,( ,)22)&.=)>
W0706'%(*2'/42)2(4,)(/',&.,4)(.,&02)//.9,(0,&20(3)(*.0H)(-0(3)
,)22)/.9,(0,(4,(&08&'(*)2&./43)2(K(03(/4)-2'(0,(03(&08&'(61%()6*3.'>
^.( <)K( =)/:'%( 0,( 3)( ,)22)/.9,( C&)30%( /'6'( =)/:'%( 39B./'%;
/2','39B./'%('(*%./'39B./'%D;(+%&'%(%',(*)2&0(-03(U&2)7)P'()2&:%&./'Y
-03()4&'2u0-.&'2>(F'(*'-06'%(.6*',02(%'720(033'%(20B3)%(3.&02)2.)%
6'-02,)%(CJ3&02;(!OD>
• N+=12'2'$(#.1DA27.8(A'%(*2'*9%.&'%(-0(W.'%(0,(3)(<.%&'2.)(0%&1,
%.0,-'(0P0/4&)-'%>( A'%( 203)&'%( U20=03),( 3)( 0P0/4/.9,( -0( 3'%
*2'*9%.&'%(-0(W.'%(0,(3'%(0=0,&'%(<.%&92./'%Y(CJ3&02;(##D>(VN413
0%(03(203)&'(-03(3.72';(-03(B24*'(-0(3.72'%()3(540(*02&0,0/0;(-03
&0%&)60,&'(K(-03(/),',(6.%6'X(F'(&'-'(*40-0(*20-./)2%0
<'KL(^)6403(<)/.0,-'(*0-)H'%()(JB)B;(^),%9,(%4./.-1,-'%0;
g0206:)%(*20-./),-'(&2)./.9,>($%&)%(02),()//.',0%(/'220/&)%
205402.-)%(*'2(W.'%(*)2)(0%)(-.%*0,%)/.9,>
• N+=12'2'$)+(-.;.1DA27.8(A)(,)&42)30H)(<46),)(0%&1(U)&2)*)-)
0,(03(*'-02'%'(P40B'(/',P4,&'(-0(3)(-.)3+/&./)(-'730(0,&20
-0%.B,.'( K( -0%'2-0,;( *2'=.-0,/.)( K( 3.702&)-Y( CJ3&02;( ##D>
j7%02=0;( *'2( 0P06*3';( 3)%( ,0B)/.',0%( -0( ?0-2'>( W070,
/',%.-02)2%0( 3)%( 20%*40%&)%( `,./)%( -0( 3'%( *02%',)P0%
.,-.=.-4)30%()(3'%(0=0,&'%>
J54:(<)K(/4)&2'(0P0%(%'720(3'%(/4)30%(B.2),(3)%(,)22)/.',0%(7:73./)%L
• U2'(D-27.G72-7<+'()+72)1L(R,(0=0,&'(0%*)/.'u&06*'2)3>
• !#.1DA27.L(A)%('*02)/.',0%(-0(W.'%(0,(03(0=0,&'(0%*)/.'u
!O#
*+(%&','&-$./0"1)&2&3,
&06*'2)3>
• V.-)1GW(27.L( Z4+( -0702:)( K( ,'( -0702:)( <)/02%0( 0,( 4,)
%.&4)/.9,(-)-)>
• 4';2-2(<)1GJ'27.1DA27.L( A)( =02-)-( -06),-)( )*2'*.)/.9,( K
'70-.0,/.)(*'2(*)2&0(-0(3'%(540(0%/4/<),>
!"7&','&-$.@1:&7#2&',.%(.71).2(021).$,++,2&31)
b0)(03(*298.6'()*+,-./0(*)2)(4,(*2'/0-.6.0,&'()=),H)-'(0,(3)
/',%&24//.9,(-0(4,(%0269,()(*)2&.2(-0(&08&'%(,'(0*.%&'3)20%>
• J*3.540(3)(*2'*'%./.9,(540(%0(-02.=)(-03(&08&'()(&2)=+%(-0(4,
),13.%.%(<0260,+4&./'>(F'(.,&0,&0()*3./)2(/)-)(-0&)330(0,(03
&08&'(K)(540(%0(=)()()*)2&)2(-0(3)(@.-03.-)-(<0260,+4&./)>(A)
`,./)(@'26)(-0(*2'&0B02%0(-0(0%&'(0%(330B)2()(4,)(*2'*'%./.9,
/0,&2)3(@.-0-.B,)(-03(&08&'>
• $%/4-2.]0( 3'%( /4)&2'( 0P0%( ),)3:&./'%( *)2)( 20/42%'%( -0
*20-./)/.9,L(*4,&'%(*)2)(20%)3&)2;(0,@)&.H)2(0(.34%&2)2>
• N200(%.&4)/.',0%(/.2/4,%&),/.)3(K(08.%&0,/.)360,&0(),13'B)%
*)2)( %4( )*3./)/.9,;( ,'( .,&02*20&)/.9,>( ?'2( 0P06*3';( 03
0,/40,&2'(-0(a)22)71%(/',((?)73'(-0%*4+%(540(+%&0(%0(<)7:)
/',=02&.-'(*'-2:)()*3./)2%0()(4,)(204,.9,(%4K)(/',(4,(P0@0
6)3=)-'(-0%*4+%(-0(0,&02)2%0(-0(%4(/',=02%.9,>
• F'( &2)&0( -0( <)/02( )*3./)/.',0%( -0( '&2'%( 540( ,'( %0),( 3'%
6'=.6.0,&'%(*2.,/.*)30%(-0(3)(,)22)/.9,>(F40=)60,&0;(4%&0-
*40-0(08*3./)2(0(.34%&2)2(/4)354.02(-0&)330(-03(*)%)P0;(*02'(&'-'%
3'%(-0&)330%(-03(&08&'(,'(*40-0,(&2),%@'26)2%0(0,()*3./)/.',0%>
R%&0-(*40-0(<)702(':-'(%'720(4,)(.,&02*20&)/.9,(K()*3./)/.9,
-0(3)(<.%&'2.)(-03(a40,(^)6)2.&),'(540(0%(@)6'%)(0,(3)(<.%&'2.)
-0( 3)( .B30%.)L( R,( <'6720( -0%/0,-:)( -0( g024%)3+,( )( g02./9>
g024%)3+,(0%(3)(/.4-)-(740,)m(g02./9(0%(3)(/.4-)-(6)3=)-)>(N4),-'
4%&0-(-0%/.0,-0(-0(4,)(/.4-)-()('&2);(%.06*20(0%(6)3'>
$,(3)(`3&.6)(%0//.9,(30(-.(4,(0P06*3'(-0(4,(*20-./)-'2(540(@40
-0;(W.'%(0%(4,(?)-20(@.03(540(/46*30(%4%(*2'60%)%(Cc)3>(#>"p
!GD;();(-0706'%(%02(*)-20%(@.030%(540(/46*3),(/',(%4%(*2'60%)%>
$%&)(0%(4,)(08*'%./.9,(&061&./)(%'720(03(*)*03(-03(*)-20;(*02'
!OG
!"#$%&'( ?
,'(0%(4,)(08*'%./.9,(-0(4,(&08&'(7:73./'>(V?'2(54+X(A)(?Nf(,'
-)(34B)2()(,)-)(540(&0,B)(540(=02(/',(3)(*)&02,.-)-(<46),)>
N4)354.02( =02-)-( 7:73./)( %'%&0,.730( ,'( 0%( ,0/0%)2.)60,&0( 4,)
=02-)-(540(*40-)(%02(08*40%&)(<'6.3+&./)60,&0;(*'2540(,'(0%
4,)(=02-)-(<0260,+4&./)60,&0(@.03(0,(3)(08*'%./.9,(&08&4)3>
C1).(D(:"71)
[1%()7)P'(/'6*)2&'(-'%(.34%&2)/.',0%(-0(*20-./)/.9,(-0(3)(6.%6)
,)22)/.9,o*2.,/.*)3.H)/.9,( =02%4%( *20/.%.9,( <0260,+4&./)u
<'6.3+&./)>(^'K(/43*)730(-0(3'(*2.602'(C-)-'(540(%0(*20%&)(*)2)
%02(U*20-./)730YD;(*02'(.,&0,&'(/',%0B4.2(3'(`3&.6'>
=.(%&'6'&7$9%(9".&$'&"62&E6'&7$
N',%0P'%(K(=02-)-0%(*)2)(3)(*0%/)(6.3)B2'%)
B<7)'$X8$YZYY
k> $3( 6.,.%&02.'( -0( g0%`%L( g0%`%( 30( *20-./)( )( 643&.&4-0%( -0

<'6720%(C==>(!p#D
J>(g0%`%(02)()*20&)-'(*'2(3)%(643&.&4-0%(0,(03(3)B'(C=>(!D
a>(g0%`%(*20-./)()(3)%(643&.&4-0%(-0%-0(4,)(7)2/)(C==>(Ep#D
kk> $3(6.3)B2'(-0(g0%`%L(g0%`%(20)3.H)(03(6.3)B2'(-0(3)(*0%/)(-0
4,)(643&.&4-(-0(*0/0%(C==>(Gp!SwD
J> g0%`%(30('2-0,)()(?0-2'(540(0/<0(3)%(20-0%(C=>(GD(J*3./)/.9,L
?0%/)(-0(T0(/',%0P'(!L(U?0%540(-',-0(<)K(*0/0%>Y
a> ^.69,(20%*',-0()(3)('2-0,(-0(g0%`%(C=>(ID(J*3./)/.9,L
?0%/)(-0(T0(/',%0P'(EL(U?0%540(*'2(@0(K(,'(*'2(=.%&)>Y
N> g0%`%( 330=)( )( /)7'( 3)( *0%/)( 6.3)B2'%)( C=>( "D( J*3./)/.9,L
?0%/)(-0(T0(/',%0P'(#L(U?0%/)2(0%(,'(@'2H)2>Y
W> ^.69,(*.-0()K4-)(*)2)()22)%&2)2(3'%(*0/0%(C=>(MD(J*3./)/.9,L
?0%/)( -0( T0( /',%0P'( GL( U?0%540,( P4,&'%( /4),-'( %0)
*'%.730>Y
$> A'%(-.%/:*43'%(0%&1,(%'2*20,-.-'%(K()-'2),()(N2.%&'(C==>
Op!S)D(J*3./)/.9,L(?0%/)(-0(T0(/',%0P'(IL(UA)%(*0%/)(-070
20%43&)2(0,(3)()-'2)/.9,()(N2.%&'Y
!OI
*+(%&','&-$./0"1)&2&3,
(kkk>(A)(6.%.9,(-0(g0%`%L(g0%`%(30(-)()(^.69,(3)(6.%.9,(-0(*0%/)2
<'6720%(61%(540(*0/0%(C==>(!S7p!!D
J> ?)%'%( -0( T0( =02-)-( !L( g0%`%( *2'*',0( 4,( 0%&.3'( -0( =.-)
)3&02,)&.='(CU-0%-0()<'2)YD
a> ?)%'%(-0(T0(=02-)-(EL(g0%`%(*2'60&0(4,(/)67.'(-0(=.-)
CU%021%YD
N>(?)%'%(-0(T0(=02-)-(#L(g0%`%(/'6.0,H)(4,(*2'/0%'(-0(*'2
=.-)(-0(<)/023'(*0%/)-'2(-0(<'6720%
W> ?)%'%(-0(T0(=02-)-(GL(g0%`%(0%*02)(540(*02/)2(<'6720%
%0(&2),%@'260(0,(4,)(*2.'2.-)-(*)2)(&'-)(3)(=.-)(C=>(!!D>
$> ?)%'%(-0(T0(=02-)-(IL(03(*2'*9%.&'(-0(3)(6.%.9,(-0(g0%`%
0%( %)3=)-'2( -0( =.-)%( C3)( -.@020,/.)( 0,&20( *0%/)2( *0/0%( K
*0%/)2(<'6720%D>
=.(%&'6'&7$9%(9".('&3&7$
?0%/)-'20%(*0%/),-'(B0,&0
B<7)'$X8$YZYY
k> $3(6.,.%&02.'(-0(g0%`%L(g0%`%(*20-./)()(643&.&4-0%(-0(<'6720%
C==>(!p#D
J>(g0%`%(02)()*20&)-'(*'2(3)%(643&.&4-0%(0,(03(3)B'(C=>(!D
a>(g0%`%(*20-./)()(3)%(643&.&4-0%(-0%-0(4,)(7)2/)(C==>(Ep#D
kk> $3(6.3)B2'(-0(g0%`%L(g0%`%(20)3.H)(03(6.3)B2'(-0(3)(*0%/)(-0
4,)(643&.&4-(-0(*0/0%(C==>(Gp!SwD
J> g0%`%(30('2-0,)()(?0-2'(540(0/<0(3)%(20-0%(C=>GD
a> ^.69,(20%*',-0()(3)('2-0,(-0(g0%`%(C=>(ID
N> g0%`%(330=)()(/)7'(3)(*0%/)(6.3)B2'%)(C=>("D
W> ^.69,(*.-0(()K4-)(*)2)()22)%&2)2(3'%(*0/0%(C=>(MD
$> A'%(-.%/:*43'%(0%&1,(%'2*20,-.-'%(K()-'2),()(N2.%&'(C==>
Op!S)D
kkk> A)(6.%.9,(-0(g0%`%L(g0%`%(30(-)()(^.69,(3)(6.%.9,(-0(*0%/)2
<'6720%(61%(540(*0/0%(C==>(!S7p!!D
J> R,)( *2'60%)( 540( /)67.)( 3)( =.-)L( g0%`%( *2'60&0( 4,
/)67.'(-0(=.-)(CU%021%YD
a> R,)(*2'*40%&)(-0(0%&.3'(-0(=.-)L(g0%`%(.6)B.,)(4,(0%&.3'
-0( =.-)( 540( /',%.%&0( 0,( %0B4.23'( )( +3( K( 540( /'6.0,H)
.,60-.)&)60,&0(CU-0%-0()<'2)YD
!O"
!"#$%&'( ?
N> R,(*2'/0%'(-0(*'2(=.-)L(g0%`%(-0%)22'33)(4,(*2'/0%'(-0
*0%/)2(<'6720%()(3'(3)2B'(-0(&4(=.-)(CU%021%YD
W> R,)(*2.'2.-)-(*)2)(&'-)(3)(=.-)(C=>(!!o-0P)2',(&'-'(K(3'
%.B4.02',D
J<'2);(V*'2(54+(-0702:)(030B.2(4,)(U*20-./)/.9,(-0(*20/.%.9,Y
*'2(%'720(4,)(-0(U*2.,/.*)3.H)/.9,(-0(3'%(-0&)330%Y()`,(/4),-'
3)(*2.602)(0%(&),(*20-./)730(C'()`,(61%D(540(3)('&2)X(?)2)(0%&0
*)%)P0(&0,B'(-'%(2)H',0%>
A)(*2.602)(0%(*'2(03(+,@)%.%(-03(203)&'>($3(/3:6)8(-03(*)%)P0
,)22)&.='(C/','/.-'()(*)2&.2(-03(),13.%.%(<0260,+4&./'D(%0(=0(0,
3'%(=02%:/43'%(!S7p!!>(f0,06'%(540(/)*&)2(03(/3:6)8(0,(,40%&2'
%0269,>
A)( %0B4,-)( 2)H9,( 0%( 540( &4=0( 540( /',%.-02)2( 54+( 02)
08)/&)60,&0(3'(540(03(*)%)P0(0%&)7)(-0%/2.7.0,-'(K(54+(02)(3'
540( 0%&)7)( *20%/2.7.0,-'>( A)( -.%&.,/.9,( 0,&20( *20%/2.*/.9,( K
-0%/2.*/.9,(0%(/2:&./)>(F'(*40-'(08&2)02(*2.,/.*.'%('(=02-)-0%
-0(-0%/2.*/.',0%()(60,'%(540(<)K)(4,(@402&0()2B460,&'(080B+&./'
)(%4(@)='2>(^.(4%&0-(&.0,0(3)(.,/3.,)/.9,(-0(08&2)02(*2.,/.*.'%(0,
%4(*20-./)/.9,;(*20B`,&0%0(%'720(03(@4,-)60,&'(080B+&./'(-0
&)30%(*20%/2.*/.',0%>(W0('&2'(6'-';(%4(%0269,(<)/0(-0(3)(a.73.)
08)/&)60,&0( 03( U3.72'( -0( .,%&24//.',0%Y( '2.B.,)3( K( 6'2)3.%&)
/'6*)2)730()(/4)354.02('&2)(3.&02)&42)(-0(%)7.-42:)(-0(&'-'%(3'%
&.06*'%>
$3(*4,&'(71%./'(0%(540(/)-)(&08&'(&.0,0(%4(*2'*'%./.9,(*0/43.)2
C'(4%&0-((*40-0(4%)2(3)(*)3)72)(;-2+72;2.;(%.(3'(0,&.0,-0(0,(03
%0,&.-'(-0(*2'*'%./.9,D>($3(*)%)P0(,)22)&.='(,'(0%(%.6*3060,&0
4,)(21<'(-)72D+;(%.,'(3)(#+7)-+)72D+$20)3(-0(3)(=02-)-(&0'39B./)>
F'(<)K(,.,B`,(@',-'(-0(=02-)-0%()2540&:*./)%(0%&)730/.-)%(-03
540(&'-'%(3'%(*)%)P0%(08&2).B),(%4(P4%&.@./)/.9,>
!OM
*+(%&','&-$./0"1)&2&3,
!OO
!"#$%&'(
!"#$%&'(
6
*+1"1)&'&1$()
'($2+,7()
G$."+1'(%&:&($21.,3,$>,%1
J54:(<)K(4,(*2'/0-.6.0,&'(61%()=),H)-'(*)2)(-)2
@'26)()(3)%(*2'*'%./.',0%(/0,&2)30%(-03(&08&'(K(-03
0269,(*)2)(3)(*20-./)/.9,>(F40%&2'(6+&'-'(0%0,/.)3
0%(4,(6+&'-'(-0(-'%(/)2)%(540(4,0(03(3)-'(-03(&08&'
C?)%'%( !p#D( )3( 3)-'( -03( %0269,( C?)%'%( IpMD( *'2( 03
*2'*9%.&'(*40,&0(C?)%'(GD>(R,(%0269,(@.03(K(2030=),&0
*40-0( %02( 3)72)-'( %.B4.0,-'( 3'%( %.0&0( *)%'%( -03
6),4)3>(F'('7%&),&0;(0,/',&2)21(540(0%&'%(*2'/0%'%
%',( `&.30%;( 0%*0/.)360,&0( /4),-'( 4%&0-( &.0,0( 540
*20-./)2(%'720(3.&02)&42)(,'(0*.%&'3)2>
$,(0%&0(*2'/0-.6.0,&';(3)(*2'*'%./.9,(/0,&2)3(-03
&08&'(C?)%'(#D(K(3)(*2'*'%./.9,(/0,&2)3(-03(%0269,
C?)%'( ID( %0( -.=.-0,( 0,( -'%( @)%0%( /)-)( 4,)>( $%&)%
%47@)%0%(=),()(3'B2)2(4,)(60P'2(@.-03.-)-;(*'%.7.3.-)-
-0(&2)-4//.9,;(&2),%@020,/.)(K()*3./)/.9,(-03(&08&'>
EF.4,."+1"1)&'&-$.'($2+,7.%(7.2(021
J>(B)$;-.;.'272D+$7#+(-)1$9#1$(#>(.$[JE!\K(N'6'
4%&0-(%)70;(3)(*2'*'%./.9,(/0,&2)3(-03(&08&'(C?)%'(#D
-02.=)(-0(3)(0%&24/&42)(-03(&08&'(C?)%'(ED>(?'-06'%
&)67.+,(33)6)2()(0%&)(?Nf(3)$;-.;.'272D+$#>#AI(27)3
K)(540(3)(?Nf(%0(-02.=)(-0(3)(08+B0%.%>
$,(3)(3.&02)&42)(,'(0*.%&'3)2;(0%(,0/0%)2.'(.,&2'-4/.2
4,( *)%'( )-./.',)3>( A'%( &08&'%( ,'( 0*.%&'3)20%;( &)30%
/'6'( 3)( 7.'B2)@:);( <.%&'2.);( *2'@0/:)( '( *'0%:)
!OQ
*+(%&','&-$./0"1)&2&3,
640%&2),(4,(6)2/)-'(@0,960,'(3.&02)2.'>(^',(0%/2.&'%()3&)60,&0
U'/)%.',)-'%;Y(<.%&92./)(K(&0'39B./)60,&0>([.0,&2)%(540(&'-'
0%/2.&'( 7:73./'( 0%( U'/)%.',)-'%;Y( 3)%( $%/2.&42)%( ,'( 0*.%&'3)20%
6),&.0,0,( /.02&)( -.%&),/.)( <.%&92./)( K( &0'39B./)( -0( ,'%'&2'%>
N',%0/40,&060,&0;(3)(*2'*'%./.9,(080B+&./)('(3)(?Nf(%021()`,
61%(/',&2'3)-)(*'2(3)('/)%.9,()(3)(540(03()4&'2(%0(20@.020>(A)%
0:%&'3)%( -03( F40='( f0%&)60,&'( %:( %0( -.%&),/.),( -0( ,'%'&2'%
<.%&92./)( K( /43&42)360,&0;( *02'( ,'%'&2'%( <020-)6'%( ,40%&2)
.-0,&.-)-(&0'39B./)(*'2(3.,)P0(-.20/&'(-0(3)(.B30%.)(*2.6.&.=)>($,
2)H9,(-0(540(0%/2.&'%(7.'B21@./'%;(<.%&92./'%;(*2'@+&./'%(K(*'+&./'%
-03(J,&.B4'(f0%&)60,&'(K(-0()3B4,'%($=),B03.'%(%0(203)/.',),
/',(*02%',)%;(0=0,&'%(K(08*02.0,/.)%(47./)-'%(0,(@'26)(`,./)
C*20(?0,&0/'%&+%D;(03(&08&'(-070(%02(*2'7)-'(*)2)(%4(*2'=0/<'
&0'39B./'(Ch,'(<'6.3+&./'(&'-)=:)iD(60-.),&0(3)(.,&02*20&)/.9,(K
3)(.6*3./)/.9,>
J54:(0%&1(03(*)%'(08&2)>(J,&0%(-0(.2()3(*2'*9%.&'(*40,&0(C?)%'
GD;(<)B)(4,)(*2'*'%./.9,(#>;.'272.+)1(*)2)(03(3)-'(-03(&08&'>
a>( B)$ J-.;.'272D+$ 4>;.'272.+)1$ 9#1$ !#>(.$ [J4!\L( $%&)
*2'*'%./.9,(0%(4,(6'=.6.0,&'(&0'39B./';(540(&'6)(0,(/40,&)(03
@'/'()(3)2B'(*3)H'(K(03(*2'=0/<'(-03(&08&'>($%&0(*2'/0-.6.0,&'
0%&1(7)%)-'(0,(3)(*206.%)(-0(540(W.'%(,'(30(0%&)7)(<)73),-'
%'3)60,&0()(3)()4-.0,/.)('2.B.,)3;(%.,'(&)67.+,()(3)%()4-.0,/.)%
*'%&02.'20%(-0,&2'(K(@402)(-03(&08&'(7:73./'(C!(?0-2'(!>!Em(E(f.6>
#>!"m(d'6>(!I>Gm(!(N'2>(!S>!!D>
A)(?$f(-070(20%*',-02(-'%(*20B4,&)%(/2:&./)%>
A)( *2.602)( *20B4,&)( 0%;( ]^<I$ #'(=$ 9272#+9.$ _2.'$ #+$ 1)
;-.;.'272D+$ 7#+(-)1$ 9#1$ (#>(.$ )$ 7-#?#+(#'$ '<5'2A<2#+(#'$ ?$ @<#
#'()5)$9272#+9.$)$1)$)<92#+72)$.-2A2+)1`$?)2)(20%*',-02()(0%&)
*20B4,&)(4%&0-(-070(/',%.-02)2(3)(0%&2)&0B.)(20&92./)(K(03(*2'*9%.&'
-03()4&'2(7:73./'(0,(*2'=002(4,)(/',08.9,(&0'39B./)(/',(30/&'20%
*'%&02.'20%>(R,(6)2/'()6*3.'(*)2)(0%&0(0%&4-.'(-0*0,-0(-0(3)%
/',%&),&0%(-0(&'-'%(3'%(&.06*'%(&)3(/'6'(0%&1,(.6*20B,)-)%(0,
3)%($%/2.&42)%>(N',%.-020(3'%(/4)&2'(0P0%(%'720(3'%(540(B.2),(3'%
203)&'%( 7:73./'%( C=02( J*+,-./0( I;( J,13.%.%( \0260,+4&./'( K
)*3./)/.9,( <'6.3+&./)( -0( &08&'%( ,)22)&.='%;( K( 3'%( 0,3)/0%
60,/.',)-'%(0,(3)(*1B.,)(888D(K(74%540(3'%(%.B4.0,&0%(6'&.='%L
!> ['&.='%( 540( 20@30P),( 3)( ,)&42)30H)( -0( W.'%;( 03( <'6720;( 03
*0/)-';(03(6)3;(3)(%)3=)/.9,;(3)(6'2)3.-)-;(^)&),1%;(03(@4&42'(K
!QS
!"#$%&'( H
-061%>( $%&'%( ,'( %0( /)67.),( P)61%( 0,( 3)( <.%&'2.)( -0( 3)
20-0,/.9,>
E>(['&.='%(540(08<.70,(03('2-0,(/20)-';(0>B>;(03(6)&2.6',.'>
$%&)%(%',(20@020,/.)%(*2:%&.,)%(-0(W.'%(*)2)(&'-)(3)(<.%&'2.)>
#> ['&.='%( 540( &2)%/.0,-0,( 3)( /43&42)( K( 03( &.06*';( 0>B>;( 3)
<'6'%084)3.-)->($%&'%(,'(0%&1,(3.6.&)-'%(*'2(3)(B0'B2)@:);(3)
/43&42)('(3)(+*'/)>
G> ['&.='%( 540( 20@30P0,( 4,)( 0%*.2.&4)3.-)-( .,-.=.-4)3( '
/'2*'2)&.=);( 0>B>;( 3)%( 08*0/&)&.=)%( -0( W.'%( 0,( 03( J,&.B4'
f0%&)60,&'(20%*0/&'(-03(.%2)03.&)(0,(@'26)(.,-.=.-4)3;(-0(3)
,)/.9,(-0(k%2)03;('(-0(3)%(,)/.',0%('(.,-.=.-4'%(,'(.%2)03.&)%m(K
0,(03(F40='(f0%&)60,&'(-03(/2.%&.),'(.,-.=.-4)3;(-0(3)(.B30%.)
3'/)3;(-0(3)(.B30%.)(4,.=02%)3(K(-0(3)%(,)/.',0%(*)B),)%>
I> ['&.='%( 540( %0( 20*.&0,( *'2( *)3)72)%( '( 0=0,&'%( 0,( 3)%
$%/2.&42)%;(0>B>;(UW.'%(20%.%&0()(3'%(%'7027.'%Y(C!(?0-2'(I>Im
^),&.)B'(G>"m(?2'=>(!">!"D(%0(0,/40,&2)(0,(c+,0%.%(!!>!pQm
3)(&'220(-0(a)703(Ck%)>(!G>GpE#Dm(03('21/43'(0,(/',&2)(-03(20K(-0
a)7.3',.)m(K(3)(,0B)/.9,(-0(?0-2'(C[)2/'%(!G>EMpMED>
d0/402-0(540()3B4,)%(*2'*'%./.',0%(,'(*40-0,()*3./)2%0()
3)%(,40=)%()4-.0,/.)%(0,(3)(6.%6)(@'26)(540(3'(@402',()(3)(*2.602)
)4-.0,/.)(540(3)%('K9>($%&'('/4220(0%*0/.)360,&0(/',(3'%(&08&'%
-03( J,&.B4'( f0%&)60,&'>( [4/<'%( *)%)P0%( 0%&1,( -.20/&)60,&0
203)/.',)-'%( )( 3)( &0'/2)/.)( -0( k%2)03;( 3)( A0K;( K( 3'%( *)/&'%( -03
J,&.B4'(f0&)60,&'>(?'2(0P06*3';(0,(^)36'%(E>O;(03(\.P'(4,B.-'
*40-0(*0-.2()(3)%(,)/.',0%(/'6'(<020,/.)>(A)(?$f(,'(203)/.',)
0%&0(=02%:/43'(/',(/20K0,&0%(540(30(*.-0,()3(^0]'2(3)%(,)/.',0%
/'6'( %4( <020,/.)>( d0/402-0( 3)( *2.602)( *20B4,&)( -0
/'6*)&.7.3.-)-(-03(*2'*9%.&'(*40,&0(C?)%'(GDo#1$;-.;D'2(.$9#1
)<(.-8(W0('&2)(6),02);(4%&0-(%0(47./)21()67./.'%)60,&0(0,(03
34B)2(-03(\.P'(4,B.-'(K(-06),-)21(-020/<'%(-0(*2'*.0-)-(0,
&'-)%(3)%(,)/.',0%(-03(64,-'(%.,(4,)(B)2),&:)(<0260,+4&./)>($,
/)67.';(3)(?$f(-07.02)(0%&)2(-0()/402-'(/',(3)(@'26)(0,(540(3'%
/2.%&.),'%(-070,(3002(03(^)36'(E>OL(g0%`%;(/'6'(03(\.P'(4,B.-';
20/.70(03(20B)3'(-0(4,)(<020,/.)(64,-.)3>(F'&0(540(0%&)()@.26)/.9,
%0(*2'/0%)()(&2)=+%(-0(4,)(&0'3'B:)(-03(F40='(f0%&)60,&'(%'720
03(\.P'(4,B.-'>(R%&0-(*40-0(&'6)2(0%&)(*2'*'%./.9,(08*'%./.',)3
-03(&08&'(K(*2'%0B4.2(<)/.)(03(*2'*9%.&'(*40,&0>
!Q!
*+(%&','&-$./0"1)&2&3,
A)(?$f(-070(&)67.+,(20%*',-02()('&2)(*20B4,&)(/2:&./)L$]4+
@<I$'#+(29.$#'$#'()$;-.;.'272D+$H+27)$;)-)$#'(#$(#>(.$#+$1.$@<#$#1
*2'*.$;-.;.+#`$^.(%4(*2'*'%./.9,(,'(0%(`,./)(0,()3B`,(%0,&.-'
*)2)(0%&0(*)%)P0;(+%&)(<)(/'6*2'60&.-'(03(/',&0,.-'(K(3)()4&'2.-)-
-03( &08&'>( $%&'( 0%;( UW.'%( 20%.%&0( )( 3'%( %'7027.'%Y( ,'( 0%( 3'
%4@./.0,&060,&0(`,./)('(0%*0/:@./)(*)2)(3'%(*)%)P0%(540(3)(20@30P),>
N)-)(4,'(-0(0%&'%(&08&'%(30(-)(4,(B.2'(*)2&./43)2()(0%0(6'&.='>
?'2( 0P06*3';( 0,( c+,0%.%( !!>!pQ( %0( 203)&)( 4,)( /3)%0( `,./)( -0
%'7027.)(<46),)(K(4,)(/3)%0(*)2&./43)2(-0(P4./.'(-.=.,'>(^4(?$f
,'( -070( %02( 4,)( *2'*'%./.9,( B0,+2./)( 20%46.-);( %.,'( 4,)
*2'*'%./.9,( `,./)( 0%*0/.@./)-)>( $%( 0%)( %.,B43)2.-)-( &08&4)3( K
*)2&./43)2(3)(540(<)/0(*'%.730(03(*)%'(%.B4.0,&0(-0(3)(*20*)2)/.9,
-03(%0269,;(03(*2'*9%.&'(*40,&0>
A)(2)H9,(*)2)(0%&0(0P02/./.'(08&2)(0%(0=0,&4)360,&0(@)/.3.&)2
4,)(/',08.9,(&0'39B./)(0,&20(3)()4-.0,/.)(*2.6.&.=)(K(%4()4-.0,/.)>
f)67.+,(*2'=00(3'%(20/42%'%(*)2)(*20-./)2(%.,(/'6*2'60&02(3)
?Nf>(J54:(<)K()3B4,)%(*20/)4/.',0%(0,(0%&0(*2'/0%'>
• F'(-0<.%&'2.H)2(03(&08&'(-0(6'-'(540(%0)()67.B4'
• F'(-0%/',%&24.2(03(&08&'(-0(6'-'(540(/)20H/)(-0(%.B,.@./)-'
• F'( .,&2'-4/.2( %.6*3060,&0( 4,( 054.=)30,&0( @4,/.',)3( '
-.,16./'( -0( 3)%( *)2&0%( -0( 3)( ?Nf( 0,( 0%&)( /'K4,&42)( -0( 3)
*20*)2)/.9,(-03(%0269,
• F'( 08&2)02( 602)60,&0( 4,( *2.,/.*.'( 6'2)3( -0( 3)( ?Nf( K
&2),%@'26)23'(0,(4,(*2'*'%./.9,(B0,+2./)>
• F'()7%&2)02(%.6*3060,&0(4,(*2.,/.*.'(6'2)3(-0(3)(?Nf(*)2)
3)(*20-./)/.9,(C30)(%'720(0%&0(*03.B2'(0,(03(J*+,-./0(GD>
$3(&08&'(,'(0%(%'3)60,&0(4,(0%&4-.'(-0(/)%'%('(4,)(.34%&2)/.9,
-0(4,(*2.,/.*.'(0&02,'>(A30=)(0,(%:(6.%6'(4,)(*2'*'%./.9,(540
0%(`,./)(0,(3'(540(*2'*',0>
J54:(<)K(4,(0P06*3'(-03(^)36'(E(0,(/4),&'()(6'=02%0(-0(3)
?Nf()(3)(?$f>
!QE
!"#$%&'( H
*IJ.%(7.K,7:1.L
!#*)L W)-'(540(03(d0K(-0(3'%(/.03'%(<)(.,%&)3)-'()(%4(\.P'(-0
W)=.-(%'720(3)(&.022)(0,(^.9,(K(-0/3)2)-'(%4(-020/<'()3
B'7.02,'(.,&02,)/.',)3;
W+,)'2'L 3'%( 20K0%( 20703-0%( -0( 3)( &.022)( -070,( %'60&02%0( 0,
)-'2)/.9,()(0%&0(d0K(%4*206'(-0(3)(&.022)>
^)706'%(540(3'%(0%/2.&'20%(-03(F40='(f0%&)60,&'(4%)2',(03
^)36'(E(*)2)(%0])3)2()(g0%`%(/'6'(03(d0K(%4*206'(-0(3)(&.022)>
W0(6'-'(540(*'-06'%(206'=02(&+26.,'%(&0'/21&./'%;(203)/.',)-'%
/',(k%2)03;(&)30%(/'6'(U2C.$9#$_):29(K(L2D+(0(.,/'2*'2)2(4,)
.,&02*20&)/.9,(&0'39B./)(-0%-0(03(F40='(f0%&)60,&'>($3(20%&'(-0(3)
?$f(20@30P)21(3)(?Nf(K(*026),0/021(.,&)/&);(*'2540(0%&)(0%(3)
6),02)(0,(540(/20K0,&0%(*'%&02.'20%(0,&0,-.02',(3)%(-06),-)%
-03(^)36'(E>
?$f(-03(^)36'(E
!#*)L W)-'(540(03(d0K(-0(3'%(/.03'%(<)(.,%&)3)-'(K(-0/3)2)-'()
g0%`%(/'6'(03(B'702,)-'2(%4*206'(-0(3)%(,)/.',0%;
W+,)'2'L 3'%(20K0%(-0(3)(&.022)(-070,(%'60&02%0()(+3(0,()-'2)/.9,>
J<'2)(4%&0-(*40-0(08&2)02(%4(*2'*9%.&'(*40,&0(C?)%'(GD(-0
0%&)(*2'*'%./.9,(08*'%.%.',)3(`,./)(K(*)2&./43)2(-03(&08&'>
EEF.4,.*+1"1)&'&-$.I($2+,7.%(7.K(+:-$
$,(0%&0(*2'/0-.6.0,&'()=),H)-';(3)(*2'*'%./.9,(/0,&2)3(-03
%0269,(C?N^D;()3(.B4)3(540(3)(?Nf;(&0,-21(-'%(@)%0%>
J>(B)$;-.;.'272D+$#>;.'272.+)1$9#1$'#-*D+$[J4L\L(3)(60/1,./)
)54:(0%(3)(6.%6)(540(@40(7'%540P)-)(),&0%(0,(0%&0(6),4)3>(f'60
03(*2'*9%.&'(*40,&0(K(&2),%@92603'(0,(4,)(*20B4,&)(*)2)(*2'=002
03(&06)(.,./.)3(-0(3)()@.26)/.9,>(W0%*4+%(/',&06*'2.H)6'%(03
*2'*9%.&'(@)/.3.&)-'(*'2(3)(?$f>(W)-'(540(03(&06)(-0(3)(?N^
.,./.)360,&0( )*)20/0( /',( @20/40,/.)( 0,( @'26)( -0( *20B4,&);
&0,-2:)6'%(540(<'6.30&.H)23'(*)2)(3'B2)2(.6*)/&'(K(20/402-'>
j20;( *.0,%0( K( &2)7)P0( -42'( %'720( 3)( *2'*'%./.9,( /0,&2)3( -03
%0269,>
!Q#
*+(%&','&-$./0"1)&2&3,
a>( B)$ ;-.;.'272D+$ 7#+(-)1$ 9#1$ '#-*D+L( &)67.+,( *'-06'%

20@02.2,'%()(3)(?N^(/'6'(3)(*2'*'%./.9,$".*21I(27)8($%&)(0%(4,)
=02%.9,( )3&)60,&0( 0%&.3.H)-)( -0( 3)( ?N^>( f'6)( 0,( /40,&)( 3)
0%&2)&0B.)(K(*2'*9%.&'(20&92./'%(-03(*20-./)-'2;(3)(0%&24/&42)(-0
-.%0]'( -03( %0269,;( 3)( 20)@.26)/.9,( 6,06'&+/,./)( -0( 3)
*2'*'%./.9,(<'6.3+&./);(K(/40%&.',0%(39B./)%;(06'/.',)30%(K(+&./)%
0,(3)()4-.0,/.)>($,(0%&0(,.=03(-0(3)(0%&.3.H)/.9,;(033)(%021(/',-4/.-)
*'2(@)/&'20%(-0(3)()4-.0,/.);(-0((/'64,./)/.9,(K(-0()*3./)/.9,>
d0/','H/);( ,'( '7%&),&0;( 540( %.( %0( 540-)( /'2&'( /',( 0%&)
*2'*'%./.9,(0%&.3.H)-)(K(0%*0/:@./);(*'2(@)3&)(-0(08*02.0,/.)('(-0
&.06*';()`,(&0,-21(0,(3)(**2'*'%./9,(08*'%./.',)3(-03(%0269,;
4,)(*2'*'%./.9,(=.)730(*)2)(*20-./)2>
M. I+-$&',). MLF=L
W0(3'%(<.P'%(-0(k%)/)2;(-'%/.0,&'%(*2.,/.*)30%;(0,&0,-.-'%(0,(3'%
&.06*'%;(K(540(%)7:),(3'(540(k%2)03(-07:)(<)/02;(/4K'(-./<'(%0B4:),
&'-'%(%4%(<026),'%>
?2'*'%./.9,(/0,&2)3(-03(&08&'
JE!('(*2'*'%./.9,(080B+&./)L(&'6+(0,(/',%.-02)/.9,(03(/',&08&'
7:73./'(K(&0'39B./'(-03(,'672)6.0,&'(-.=.,'(-0(W)=.-(/'6'(03
*298.6'(20K(-0(k%2)03(C=>E#D(K(/',/34:(/',
!#*)L A)%(/)2)/&02:%&./)%(-0(ESS(3:-020%(-0(3'%(<.P'%(-0(k%)/)2
-42),&0(3)(&2),%./.9,(-0(^)`3()(W)=.-x
W+,)'2'L 0,&0,-02(3'%(&.06*'%(/',(/','/.6.0,&'(-0(3'(540(k%2)03
-07:)(<)/02>
J4!$.(3)(*2'*'%./.9,(08*'%./.',)3(-03(&08&'(0%(@)/.3.&)-)(60-.),&0
03( 0%&)730/.6.0,&'( -0( /',08.',0%( &0'39B./)%( )( *)2&.2( -0( 3)
*2'*'%./.9,(080B+&./)>
!#*)L A)%(/)2)/&02:%&./)%(-0(3'%(3:-020%(0%*.2.&4)30%(-03(*4073'
-0(W.'%(-42),&0(3'%(&.06*'%(-0(/)67.'(-.=.,)60,&0
*026.&.-'%
!QG
!"#$%&'( H
4+,)'2'L -070,( &0,02( 0,&0,-.6.0,&'( -0( 3'%( &.06*'%( /',

/','/.6.0,&'(-0(3)%(08*0/&)&.=)%(-0(%4(*4073'(20=03)-)%
*'2(W.'%>
F'&0(3)(/',08.',0%(540(<0(<0/<'L(U\.P'%(-0(k%)/)2Y()(U3:-020%
0%*.2.&4)30%;Y(*'2540(3'%(3:-020%(0%*.2.&4)30%(P40B),(03(6.%6'(*)*0
0,&',/0%(K()<'2)>(Uk%2)03Y()(U*4073'(-0(W.'%;Y(*'2540(03(k%2)03
6',1254./'(,'(08.%&0()<'2)>(A)(U&2),%./.9,(-0(^)`3()(W)=.-Y(0%&1
/',0/&)-)(/',(U03(/)67.'(-.=.,)60,&0(*026.&.-';Y(*'2540(%)706'%
540(&'-'(/)67.'(0,(k%2)03(,'(%0(4,0(/',(/)67.'%(%'/.'p*'3:&./'%
0,(03(64,-';(%.,'(%'3)60,&0(/',(/)67.'%(%'/.'p*'3:&./'%(540
08*02.60,&)(03(*4073'(-0(W.'%>(\)K('&2'%(*)%)P0%(-03(J,&.B4'
f0%&)60,&'(%'720(/96'(k%2)03(0,@20,&9(3'%(/)67.'%(0,(3)%(,)/.',0%>
U$8*02&'%(0,(03(/','/.6.0,&'(-0(3'%(&.06*'%Y(%0(/)67.)()(U0,&0,-02
3'%(&.06*'%Y(*'2540(0%&0(0%(4,(33)6)-'(*)2)(3'%(3:-020%(-0(W.'%>
UA'(540(k%2)03((-07:)(<)/02Y(%0(/',0/&)(/',((U3'(540(3)(20=03)/.9,
-0(W.'%(0%*02)(-0(%4(*4073';Y(*'2540(3)(,)&43)20H)(-0(3)(20=03)/.9,
.,/34K0(3)%(08*0/&)&.=)%(-0(W.'%>(A'%(<.P'%(-0(k%)/)2(%)7:),(3'(540
W.'%(5402:)(540(033'%(<./.02),()(*)2&.2(-0(3)(20=03)/.',(-0(W.'%>
$3(*2'*9%.&'(*40,&0
[.( )4-.0,/.)( 0%&1( @'26)-)( -0( @4&42'%( 3:-020%( /2.%&.),'%

&2),%.&),-'(03(,40='(6.30,.'>(W)-'(540(=.=.6'%(0,(4,(*02:'-'(-0
/)67.'(6)%.=';(6.(*2'*9%.&'(*40,&0(330B)()(%02L(U6'&.=)2()(@4&42'%
3:-020%(/2.%&.),'%()(/'6*20,-02(3'%(&.06*'%(K(%)702(54+(<)/02
-42),&0(3'%(/)67.'%(540(08*02.60,&),(%4%(.B30%.)%>Y
?2'*'%./.9,(/0,&2)3(-03(%0269,
f2),%@'26'(3)(-0/3)2)/.9,(-03(*2'*9%.&'(0,(4,)(*20B4,&)()(3'%
0@0/&'%(-0(3'B2)2(4,)(*2'*'%./.9,(08*'%./.',)3(*203.6.,)2(K(%.,
*43.2(*)2)(6.(%0269,>
J4LL
!#*)L VZ4+( %0( 2054.020( *)2)( 330B)2( )( %02( 3:-020%( 0@0/&.='%
-42),&0(&.06*'%(/)67.),&0%(0,(,40%&2)%(.B30%.)%X
W+,)'2'L ^0,%.7.3.-)-()(3)(/43&42)(C/@>(/'6*20,-02(3'%(&.06*'%D(K
)*3./)/.9,(-0(3)%($%/2.&42)%(C/','/.0,-'(3'(540(W.'%
0%*02)(540(<)B)6'%D>
!QI
*+(%&','&-$./0"1)&2&3,
J<'2)(/',%&24K'(4,)(*2'*'%./.9,(61%(0%&.3.H)-)>
JEL('(?2'*'%./.9,(<'6.3+&./)
!#*)L((((((((((((((A:-020%(0%*.2.&4)30%(0@0/&.='%(-0(/',B20B)/.',0%
&2),%.&),-'()3(&02/02(6.30,.'>
W+,)'2'L \)/02( 4,)( 08+B0%.%( -03( 64,-'( K( 0P0/4&)2( 3)

?)3)72)>
C&,8+,:,.%(7.*+1'(%&:&($21.!3,$>,%1
$$$$$$$$$$B)9.$9#1$(#>(. $$$$$$$$$$B)9.$9#1$'#-*D+
!> $%&4-.0( 03( &08&' (((((I>(?2'*'%./.9,(-03(%026',
E> $%&24/&420(03(&08&' ((((((((((?2'*'%./.9,(08*'%./.',)3
#> ?2'*'%./.9,( &08&4)3( ?Nf (((((((((((((((((((-03(%026',(C?$^D
'( *2'*'%./.9,( 080B+&./)
((((((G>($3(*2'*9%.&'((((((?N^('(*2'*'%./.9,
?2'*'%./.9, ( ( *40,&0 (((((((((((\'6.3+&./)
08*'%./.',0% (((((">($%&24/&42)(-03(%026',
-03( &08&'( C?$fD (((((M>(?20-.540(03(%0269,
^.( 4%&0-( 0,/40,&2)( &0-.'%'( '( )67.B4'( 0%&0( )B20B)-'( )( 3)

*2'*'%./.9,(08*'%./.',)3;(,'(3'(<)B)>($%(60P'2(540(4%&0-(%.B)(03
6+&'-'(&)3(/'6'(0%&1(08*20%)-'(0,(3)(%0//.9,(*2.,/.*)3(-0(0%&0
6),4)3>( J33:( K'( <0( )*3./)-'( 03( 6+&'-'( /0,&2)3( -0( &08&'%( ,'
0*.%&'3)20%(/'6'(k%):)%(!Q;(J*'/)3.*%.%(G(K([)&0'(!O>(R%&0-
0%&)21(61%(/',@.)-'(0,(3)(@.-03.-)-()3(&08&'(-0(0%)(6),02)>(J
60-.-)(540(4%&0-(B),)(61%(-0%&20H)(K(08*02.0,/.)(0,(0%&0(6+&'-'
/0,&2)3(*40-0(.,&0,&)2(3'(540(%4B.02'(0,(0%&0()*+,-./0>
!Q"
!"#$%&'(
!"#$%&'(
7
I1:"+($%&($%1
,.)9.,9%&($'&,
/0#8()&).%(.7,.'9729+,
A)( *20-./)/.9,( 7:73./)( %.,( )*3./)/.9,( /',-4/0( )( 3)

@24%&2)/.9,(0,(3)()4-.0,/.);(-03(6.%6'(6'-'(540(3)
)*3./)/.9,( %.,( )4&'2.-)-( 330=)( )( -0%/',@.)2( -03
*20-./)-'2>(?02'(3)()*3./)/.9,(540(,'(0%(*02&.,0,&0(K
'2.0,&)-)( )( 3)( )4-.0,/.);( /',-4/0( )( 4,)( ,'/.9,
*03.B2'%)>(A)()4-.0,/.)(%0(=)(/',(3)(.-0)(-0(540(3)
a.73.)(,'(%0(203)/.',)(/',(033)('(540(%'3)60,&0(0%
740,)(*)2)(.,%&),/.)%().%3)-)%(0,(3)(=.-)>
N'6'( %)706'%;( 3)( a.73.)( &.0,0( 4,( )3/),/0
)7)2/)&.='>(?'2(3'(&),&';(03(*20-./)-'2(-070(*2'6'=02
3)( .,&0B2)/.9,( -0( 3)( =02-)-( 7:73./)( /',( 3)( =.-)>( A)
`,./)(@'26)(-0(.,&0B2)2(3)(=02-)-(7:73./)(/',(3)(=.-)
0%(<)/02(4,)(08+B0%.%(-0(3)(/43&42)>(N'6*20,-02()(3)
)4-.0,/.)(-0(4,'(0%(3)(%0B4,-)(@)%0(-0(3)(*20*)2)/.9,
-03(%0269,(C3)(*2.602)(0%(/'6*20,-02(3)(a.73.)D>(A)
&02/02)(0%(/'6*20,-02,'%()(,'%'&2'%(6.%6'%>
\)/02(4,)(08+B0%.%(-0(3)(/43&42)(0%(4,)(-.%/.*3.,)
&),&'(/'6'(<)/02(4,)(08+B0%.%(-0(3)%($%/2.&42)%>([0
B4%&)(-4*3./)2(03(?)%'(!;($%&4-.0(03(&08&';()3(0%&4-.)2
03(/',&08&'(6'-02,'>(W0706'%(=02(3'%(-0&)330%(-0(3)
=.-)(0(.,&02*20&)2(0%'%(-0&)330%(*)2)(540(,'%(-0,(03
/',&08&'(*)2)(,40%&2)(*20-./)/.9,(CK(&0'3'B.H)/.9,D>
A0(='K()(-)2(4,(*)2(-0(3:,0)%(/',-4/&'2)%;(6.0,&2)%
4%&0-( -0%)22'33)( 0%&0( .,B20-.0,&0( ,0/0%)2.'( -0( 4,)
*20-./)/.9,(.6*)/&),&0>
!QM
*+(%&','&-$./0"1)&2&3,
a2#+9.$*)(#-2)1$;-2*)$$#+$1.'$9#()11#'$9#$1)$:29)K$%0(*40-0('7&0,02
4,( B2),( -.%/02,.6.0,&'( K( 6)&02.)3( -0( .34%&2)/.9,( K( )*3./)/.9,
'7%02=),-'()(3)()4-.0,/.)(0,(3)%(%.B4.0,&0%(120)%(-0(%4(=.-)L
• A)%( 6),02)%( 0,( 540( 3)( B0,&0( %0( /'64,./)( =027)3( K( ,'
=027)360,&0
• N96'(=.=0L(%4(&0/,'3'B:);('/4*)/.',0%(K(,.=03(-0(.,B20%'
• d03)/.',0%L( 3'%( 2'30%( -0( 0%*'%'%;( 0%*'%)%;( <.P'%;( @)6.3.)
08&0,-.-)(K(/'64,.-)-
• A)%(*206.%)%(-0(%4%(/200,/.)%L(%4(/'%6'=.%.9,;(%4%(=)3'20%;
%4%(6'&.=)/.',0%>
E.+'(-<?#+9.$7.+#>2.+#'$;)-)$'<'$'#-*.+#'K(3)%(/',08.',0%
%0(*40-0,(/',%&24.2(<)/.0,-'(3)%(%.B4.0,&0%(*20B4,&)%(%'720(%4
)4-.0,/.)L
• VZ4+(/200,X
• VZ4+(=)3'2),X
• VZ4+(,0/0%.&),X
• VZ4+(<)/0,X('(VN96'(%0(/'6*'2&),X
?026:&)60( .34%&2)2( /96'( <)/02( 3)%( /',08.',0%>( f'60( 3)

/',-4/&)( -0( %4( )4-.0,/.)>( R%&0-( *40-0( '7%02=)2( 3)( /',-4/&)
%4*02@./.)3(K(%)/)2(/',/34%.',0%(0,(/4),&'()(%4(0%&24/&42)>(?'2
0P06*3';(%.(4%&0-('7%02=)(540(3)(B0,&0(&.0,0(64/<)%(33)=0%(C-0(3)
/)%);(03()4&';(3)('@./.,);(0&/>D;(*20B`,&0%0L(VN413(0%(3)(0%&24/&42)
*2'@4,-)(-0(%4(/',-4/&)(%4*02@./.)3X(VZ4+(&060,X(VZ4+(0%*02),X
^.( &.0,0,( 64/<)%( 33)=0%;( *40-0,( &0,02( 4,( *2'@4,-'( -0%0'( -0
%0B42.-)-(K(*40-0,(&0,02(6.0-'(-0(3'%(.,&24%'%>(J<'2);(%.(4%&0-
0%&1(0,(4,(*)%)P0(540(%0(20@.020()(3)(*2'&0//.9,(-0(W.'%;(/'6'(03
^)36'( G";( 4%&0-( *40-0( .34%&2)23'( K( )*3./)23'( )( *)2&.2( -0( 0%&0
)%*0/&'(-0(3)(=.-)(-0(%4()4-.0,/.)>
$,&.0,-)( /96'( 30( B4%&)2:)( )( 3)( B0,&0( /'6*'2&)2%0( 0,
/',&2)*'%./.9,()(3'(540(0,(20)3.-)-(=.=0,>($%&0(%021(4,(20/42%'
.6*'2&),&0( *)2)( 3)( *20-./)/.9,>( ?'2( 0P06*3';( 3)( B0,&0( *40-0
540202(%02(B0,02'%);(*02'(=.=0(0,(@'26)(0B':%&)>(^02(B0,02'%'
&'6)(&.06*'(K(-.,02';(K(3)(B0,&0(*.0,%)(&.0,0(*'/'(-0(0%&'>(J<'2);
!QO
!"#$%&'( N
%.(4%&0-(0%&1(0,(03(*)%)P0(-03(a40,(^)6)2.&),';(*40-0(.34%&2)23'(K
)*3./)23'()(*)2&.2(-0(0%&0()%*0/&'(-0(3)(=.-)(-0(%4()4-.0,/.)>
R%&0-(,0/0%.&)(/'6*20,-02(3'(540(%4()4-.0,/.)(K)(/200(%.,
,0/0/.-)-(-0(540(033'%(3'(*24070,('(P4%&.@.540,>($,(j//.-0,&0;(3)
B0,&0(/200(540(4,'(*40-0(20)360,&0(/',&2'3)2(3)(=.-)(C'()%*0/&'%
-0(033)Dm(0,('&2)%(*)2&0%(-03(64,-';(3)(B0,&0(/200(540(4,'(0,
20)3.-)-(,'(*40-0(/',&2'3)2(3)(=.-)(Ch,.,B`,()%*0/&'(-0(033)iD>
J<'2);(%.(4%&0-(0%&1(0,(4,(*)%)P0()/02/)(-03(B'7.02,'(-0(W.'%
%'720(3)%(=.-)%;(0%&)(=02-)-(%0()*3./)21(-0(6),02)(-.@020,&0(0,
3'%(-'%(/',&08&'%>($,(j//.-0,&0;(03(*20-./)-'2(-0%)@.)21()(3)(B0,&0
)( 0,&20B)2( 03( /',&2'3( -0( %4%( =.-)%( )( W.'%>( $,( '&2)%( *)2&0%( -03
64,-';(-07021(0,@)&.H)2(540(3)(B0,&0(-070(20%*',%)7.3.H)2%0(-0
3'%()%*0/&'%(-0(%4(=.-)()`,(/4),-'(W.'%(0%(%'702),'>
R,( /'60,&)2.'( @.,)3L( 3)( `,./)( 6),02)( 0,( 540( 4%&0-( *40-0
/','/02()(%4()4-.0,/.)(0%(*)%)2(&.06*'(/',(033)>(?)%0(&.06*'
/',(033'%(0,(%4(&2)7)P'(K(0,(%4(/)%)>($%&+(/',(033'%(0,(03(<'%*.&)3
K(0,(03(/060,&02.'>(A0)(3'(540(300,>($,&.0,-)(%4%(*20B4,&)%>
?0,0&20(%4%(60,&0%(K(%4%(=.-)%>(J(60-.-)(540(4%&0-(.,&0B2)(%4
08+B0%.%( -0( 3)( ?)3)72)( /',( %4( 08+B0%.%( -03( 64,-';( %4
/'64,./)/.9,(=)()(%02(61%(2./);(61%(*2'@4,-);(61%(2030=),&0;
61%(-.,16./)(K(61%(.6*)/&),&0>
!QQ
*+(%&','&-$./0"1)&2&3,
ESS
!"#$%&'(
!"#$%&'(
41).(7(:($21).%(7
51)O9(D1.%(.9$
)(+:-$.'1:"(2($2( 8
A'%(%.B4.0,&0%(03060,&'%(-0(4,(7'%540P'(/'6*0&0,&0;
/',(*0540]'%(/)67.'%;(0%&1,(&'6)-'%(-0(4''#+(2)1'
,.-$ S25127)1$ J-#)7"2+AK$ N+$ M+(-.9<7(2.+$ (.$ S)'27
L#-*.+$J-#;)-)(2.+;(-0(J3(T)%'3(C"Ip""D>(^021(61%
.6*'2&),&0(540(4%&0-(%0)(/',/.0,&0(-0(/46*3.2(/',
0%&'%(/2.&02.'%(0,(4,(%0269,(&061&./'(61%(540(4,
%0269,(&08&4)3;(*'2540(64/<'%(-0(033'%(%0(/46*3.21,
)(60-.-)(540(4%&0-(74%540(08&2)02(03(7'%540P'(-03
&08&'(0,(4,)(08*'%./.9,(&08&4)3>
!> $3(7'%540P'(-070(&0,02(4,)(203)/.9,(@402&0(K(/3)2)
/',(03(&:&43'>
E> N)-)( *4,&'( *2.,/.*)3( -070( -.%/4&.2( 4,( %'3'
)%*0/&'(-03(&:&43'('(&06)>
#> N)-)(*4,&'(*2.,/.*)3(-070(%02(-.%&.,&'(-0(3'%('&2'%
*4,&'%>
G> N)-)(*4,&'(*2.,/.*)3(-070(0%&)2(0%/2.&'(/'6'(4,)
'2)/.9,(/'6*30&)>
I> N)-)( *4,&'( *2.,/.*)3( -070( 0%&)2( 0%/2.&'( 0,( 03
&.06*'(*20%0,&0>
"> N)-)( *4,&'( *2.,/.*)3( -070( &0,02
)*2'8.6)-)60,&0(.B4)3(=)3'2(0,(03(-0%)22'33'(-03
%0269,>
M> A'%(*4,&'%(-070,('2B),.H)2%0(0,(/4)354.02('2-0,
'(0%&.3'(C0>B>;(39B./';(*'+&./'D(K(/'64,./)21,(-0(3)
60P'2( 6),02)( 3)( .,&02*20&)/.9,( &08&4)3( )( 4,)
ES!
*+(%&','&-$./0"1)&2&3,
/',B20B)/.9,(0,(*)2&./43)2>
O> $3(7'%540P'(-070(/',&0,02(4,(='/)743)2.'(61%(B0,02)3(540
0%*0/:@./'>
Q> N)-)(*4,&'(*2.,/.*)3(-070(&0,02(4,)(7)%0(&08&4)3>
ESE
!"#$%&'(
!"#$%&'(
9
G$.(D(:"71.%(
&$2+1%9''&-$.,7
)(+:-$
$,(03(?)%'("(-.=.-.6'%(3)(.,&2'-4//.9,(0,(&20%(*)2&0%L
*20p.,&2'-4//.9,;(.,&2'-4//.9,(K(%47p.,&2'-4//.9,>
J-#Z2+(-.9<772D+K(0%&0(%0B60,&'(,'(&.0,0(,)-)(540
=02(/',(03(%026',;(*02'(0%&1(-.20/&)60,&0(203)/.',)-'
/',(03('2)-'2(K(3)()4-.0,/.)>(N',(@20/40,/.);(0%&)%
%',(*)3)72)%(-0(%)34-'(K(640%&2),(/.02&)(/',&.,4.-)-
/',(3)(*)2&0(),&02.'2(-03(/43&';(/',(3)()4-.0,/.)('(/',
3'%(.,=.&)-'%>
M+(-.9<772D+$;-2+72;)1K('&2)(=0H;(3)(.,&2'-4//.9,
*2.,/.*)3(&.0,0(/4)&2'(/)2)/&02:%&./)%L
• N)*&)(3)()&0,/.9,(-0(3)()4-.0,/.)
• ?20%0,&)(4,)(,0/0%.-)-()*2'*.)-)
• j2.0,&)()(3)()4-.0,/.)(<)/.)(03(&06)('(3)(*2'*40%&)
/0,&2)3(-03(%0269,>
• $%&)730/0(03(*2'*9%.&'('(-0%&.,'(-03(%0269,>
L<5Z2+(-.9<772D+K( 3)( %47p.,&2'-4//.9,( @.P)( 03

U/',&08&'(-0(3)()4&'2.-)-(&08&4)3Y(*)2)(03(%026',;
6.0,&2)%(540(20*)%)(4,(%0269,(),&02.'2;(03(&:&43'(-0
3)(%02.0('(),4,/.)(03(&08&'>
[0( B4%&)2:)( .34%&2)2( 0%&'%( .,B20-.0,&0%( -0( 4,)
.,&2'-4//.9,(@402&0()(*)2&.2(-03(%0269,(Ui^)3(-0(3)
%.33)iY(CJ*>(GD;(60,/.',)-'(0,(03(?)%'(">($%&0(%0269,
%.6*3060,&0(0%(4,'(540(*20-.54+(6.0,&2)%(0%/2.7:)
03(?)%'(">(?026:&)60(6'%&2)230(/96'(.,&0,&'()*3./)2
ES#
*+(%&','&-$./0"1)&2&3,
3'(540(<0(%4B02.-'(0,(03(?)%'(">(A'(540(-.2:)(0%&1(0,(7)%&)2-.33)>
!b!QBcK(h^)3(-0(3)(%.33)i
of.0,0(540(6'30%&)2()3(30/&'2(*)2)(540(6.20(K(*.0,%0(-'%(=0/0%
o$8)/&';(/3)2';(/'2&'(0(.,&020%),&0
!4d!cK((J*'/)3.*%.%(G>!p!!
M%!Pc_QEEMe%$JPM%EMJNBK(yW.%*)2)-'2(203)/.',)-'(/',(03
&06)>(F'&0(540(,'(0%(4,)(740,)(<.%&'2.)(*'2(4,)(740,)(<.%&'2.)
0,(%:>(W070,(0,/',&2)2%0(.34%&2)/.',0%()-0/4)-)%>z
E<)(-.$*)9-#'3$7<?.'$"2C.'$#-)+$')7#-9.(#'3$9#71)-)5)+$)7#-7)
9#$1)$#'(2*)$7.+$1)$@<#$1.'$9#*='$'#$92-2A6)+$)$#11.'8$B)$;-2*#-)
92C.K$fV2$"2C.$#'$<+$')7#-9.(#8$E<)+9.$#+(-)$)$<+$1<A)-3$1)$A#+(#
1.$11)*)$gP#:#-#+9.$J)9-#8hi$B)$'#A<+9)$92C.K$fV2$"2C.$#'$<+
V.+'#T.-8$L#$92-2A#+$)$I1$7.*.$jL<$#>7#1#+72)8hi$B)$(#-7#-)$92C.K
fV2$"2C.$#'$<+$E)-9#+)18$B)$A#+(#$1.$11)*)$gL<$L#T.-6)8hi$B)
7<)-()$*)9-#$+.$#'()5)$'#A<-)$9#$@<I$9#72-K$fV2$"2C.$*29#$/3kk
*#(-.'$?$;#')$Y0k$l21.'8$E<)+9.$#+(-)3$1)$A#+(#$'#$;.+#$9#$;2#
?$927#3$gm_2.'$*6.mhi
j2.0,&)/.9,()3(&06)L(UA)(-0.@./)/.9,(-0(3)%(/2.)&42)%(*'2(*)2&0(-0
3'%(/2.%&.),'%Y
4'()$ *)T)+)$ @<2#-.$ ")51)-$ )7#-7)$ 9#$ 1)$ 9#2,27)72D+$ 9#$ 1)'
7-2)(<-)'8$c$*='$#';#76,27)*#+(#3$9#$1.'$7-2'(2)+.'$[$+.$9#$E-2'(.\
@<#$<'<-;)+$1)'$9#*)+9)'$9#$1)$92:2+29)98$B#$"#*.'$-.5)9.$)
_2.'$ '<$ +)(<-)1#F)$ .$ )(-25<(.'3$ ?$ 1.'$ "#*.'$ 7.+7#+(-)9.$ #+
+.'.(-.'$*2'*.'8$c(-)'$#'(-<7(<-)'$-#12A2.')'$'.'(2#+#+$@<#$1)
+)(<-)1#F)$ 9#$ _2.'$ ;#-:2:#$ #+$ 1.'$ '#-#'$ "<*)+.'8$ 4+$ +<#'(-)
7<1(<-)$?$#+(-#$1.'$#:)+AI127.'$#';#72)1*#+(#3$"#*.'$<'<-;)9.
1)'$.*+2Z,<+72.+#'$?$1.'$'#+(2*2#+(.'$9#$1)$9#29)98$E.+7#+(-)*.'
1)$A1.-2)3$#1$".+.-$?$#1$;.9#-$#+$+.'.(-.'$*2'*.'8$J-#,#-2*.'
'#+()-+.'$#+$#1$(-.+.$9#$+<#'(-)'$:29)'$?$;#+')-$@<#$:2:2*.'$;.-
'2#*;-#$ ?$ '2#*;-#KfO12-(#.'$ 7.+$ 1)$ 92:2+29)9i$ .$ f)<(.Z
9#2,27)72D+8i$4'$72#-(.$@<#$1)$;-2+72;)1$;-#A<+()$@<#$#1$".*5-#
(2#+#$@<#$#+,-#+()-$#'$'2$:)$)$)9.-)-$)$)1A<2#+$(-)'7#+9#+(#$.$)$I1
ESG
!"#$%&'( P
*2'*.8
N$#'(.$?.$1.$11)*.$f#'(-)(#A2)'$9#1$(-.+.i$9#$1.'$'#-#'$"<*)+.'8
Q+)$7<1(<-)$*='$)*;12)$(2#+#$#'(-)(#A2)'$9#1$(-.+.$*='$)*;12)'3
;.-$#C#*;1.3$1)$52.(#7+.1.A6)$?$1)$2+A#+2#-6)$A#+I(27)R#1$9#'#.
9#$7<*;12-$#1$-.1$9#1$7-#)9.-$*2'*.8$%.$.5'()+(#3$()*52I+$1.'
7-2'(2)+.'$"#*.'$#+$1)$;-=7(27)$.7<;)9.$#1$(-.+.$9#1$72#1.$#+
+<#'(-)'$;-.;2)'$:29)'8$J-=7(27)*#+(#$C<A)*.'$#1$;);#1$9#$_2.'
9#$*.9.$@<#$_2.'$+.$;<#9#$9#'#*;#T)-$'<$-.1$;-=7(27.8$E.*.
1)$4:)$9#$)+()T.3$+.'$'#+(2*.'$#+7)+()9.'$7.+$1)$9#2,27)72D+3
(#+()9.'$ ;.-$ 1)$ ;.'252129)9$ 9#$ )7(<)-$ 92:2+)*#+(#3$ ,)'72+)9.'
7.+$1)$)<(.Z'.5#-)+6)8$J#-*6()*#$'<A#-2-$(-#'$=-#)'$#+$1)'$@<#
,12-(#)*.'$7.+$1)$9#2,27)72D+8
?20%0,&),-'( 4,)( ,0/0%.-)-L( 3)%( 0%&2)&0B.)%( -03( &2','( -0( 3'%

/2.%&.),'%(K(%4(=),.-)-
4'(-)(#A2)$9#1$(-.+.$YK$#'(#$#'$<+$'6+9-.*#$9#$f2+9#;#+9#+72)
)$(-):I'$9#1$9#-#7".$9#$;-.;2#9)9iR<+$,12-(#.$7.+$1)$'.5#-)+6)3
#1$9)-$;.-$'#+()9.$1)$2+9#;#+9#+72)$?$;.'#'2D+$9#$*2$:29)8$!#+A.
;.'#'2D+$2+9#;#+92#+(#$9#$*2$:29)8$L.?$#1$9<#T.3$")7#9.-3$,<#+(#
9#$*2$:29)8$L2$+.$*#$7<29.$)$*6$*2'*.3$+)92#$1.$")-=8
_#$@<I$.(-)$,.-*)$;.9#*.'$#>;127)-3$;.-$#C#*;1.3$+<#'(-)
(-)+@<21)$:29)$#+$;#7)9.3$+<#'(-.$;)(-.+#'$9#$7.+9<7()$#--)9.'3
"=52(.'$9#$;#7)9.$@<#$'#A<2*.'$#+$+<#'(-)'$:29)'8$E)9)$:#F
@<#$;#7)*.'$#'()*.'$)')1()+9.$#1$(-.+.$9#$_2.'8$4'$<+$)7(.$9#
(-)272D+$7D'*27)n$<+$A.1;#$9#$#'()9.$#+$7.+(-)$9#1$A.52#-+.$9#
_2.'8$N1$;#7)-3$?.$;.+A.$1)'$-#A1)'8$]_#$@<I$.(-)$*)+#-)$;<#9#
#>;127)-'#$#1$;#7)9.3$#>7#;(.$'2$#'$@<#$#'()*.'$;-#(#+92#+9.
'.5#-)+6)`$ 4+$ 1)$ 7.'*.:2'2D+$ )+(2A<)3$ 1)$ "<*)+29)9$ #-)$ 1)
*#929)$9#$(.9)'$1)'$7.')'8$N".-)3$#1$2+92:29<.$#'$1)$*#929)$9#
(.9)'$1)'$7.')'8
k,/34K'(4,)(.34%&2)/.9,(-0(4,(/2.%&.),'(P4%&.@./),-'(%4(0%&.3'(-0
=.-)(-0(*0/)-';(K(340B'(*2'/0-'()(*20%0,&)2(3)(,0/0%.-)->
J<#9#$'#-$@<#$#1$'<?.$+.$'#)$<+$;#7)9.$*)+2,2#'(.$?$'<$#'(21.
9#$:29)$+.$'#)$'#7-#(.3$;#-.$7)9)$:#F$@<#$#'(.?$(#+()9.$)$;#7)-3
#'(.?$ (#+()9.$ )$ '#-$ '.5#-)+.8$ L#$ )'<*#$ 2+9#;#+9#+72)8
ESI
*+(%&','&-$./0"1)&2&3,
_#71)-)*.'$@<#$'.*.'$1.'$=-52(-.'$*='$2*;.-()+(#'$9#$1)'$1#?#'8
41$;#7)9.$?$1)$,#$7-2'(2)+)$'#$-#7.+7212)+$#+$*28$L2$<'(#9$#'(=
)7)--#)+9.$;#7)9.$#'$'<$:29)$".?$R7<)1@<2#-$7.')$9#'9#$2-)$)
)9<1(#-2.3$ o<'(#9$ #'$ '<$ ;-.;2.$ '.5#-)+.m$ 4'$ <+)$ 21<'2D+$ 9#
92:2+29)98$Q'(#9$#'(=$'#+()9.$#+$#1$(-.+.$9#1$72#1.$#+$'<$:29)8
]J.9-6)$')12-$9#$1)$'211)`
?2'/0-'()(4,(*)2(-0('&2)%(6),02)%(-0(*20%0,&)2(3)(,0/0%.-)-(0,
0%&0(%0269,(K(/',/34K'(/)-)(4,)(/',(UV?'-2:)(%)3.2(-0(3)(%.33);
*'2(@)='2XY(W0-./'(4,)(/),&.-)-(%4%&),/.)3(-0(&.06*'o!IpES
*'2(/.0,&'(-03(&.06*'o*20%0,&),-'(3)(,0/0%.-)-;(-0(6'-'(540
3)(B0,&0(0%&+(),<03),-'()3B4,)(20%'34/.9,('(%'34/.9,>
LD1.$")?$1<A)-$;)-)$<+.$#+$#1$(-.+.$;)-)$@<#$-#725)$)9.-)72D+8
o_#5#*.'$')12-$9#$1)$'211)m
J54:(20*)%'(03(&06)('&2)(=0H>
M+9#;#+9#+72)3$2+:#+7252129)93$f'6+9-.*#'i$9#$2*;.-()+72)$'.+
7)-)7(#-6'(27)'$ 7.+'<*)9)'$ 9#$ 1)$ 9#2,27)72D+$ 7-2'(2)+)8$ LD1.$ 1)
9#29)9$;<#9#$-#71)*)-1)'$'2+$#>)A#-)72D+$.$#--.-8$%.'.(-.'$+.
;.9#*.'3$'#T.-)'$?$'#T.-#'8$%.$;.9#*.'$?$+.$9#52I-)*.'8
W0/3)2)/.9,(-03(*2'*9%.&'L
V2$;-.;D'2(.$".?$#'$9#'),2)-1.'$)$9#'(-.+)-+.'$)$+.'.(-.'
*2'*.'$(#+2#+9.$#+$1)$*2-)$#1$(-.+.$7#+(-)1$9#1$72#1.8$^<2#-.$@<#
-#'2'()*.'$1)$(#+()72D+$9#$1)$9#2,27)72D+$7<1(2:)+9.$#1$;-.(.7.1.
9#1$72#1.3$)1$(-)()-$7.+$1)$'211)$9#1$'.5#-)+.R#1$L#T.-$(.9.;.9#-.'.3
L)+(.3$4(#-+.3$E-#)9.-3$@<2#+$#'$#1$H+27.$@<#$*#-#7#$)9.-)72D+8
a#)*.'$ 7D*.$ ')12-$ 9#1$ '211D+$ @<#$ "#*.'$ .7<;)9.
#@<2:.7)9)*#+(#8
^RapkFfdjWRNNkvF
4'()$*)T)+)$1.'$-#,2#-.$)1$;)')C#$9#$1)$:2'2D+$9#1$(-.+.$9#
N;.7)12;'2'$ p8$ E.*.$ ')5#+3$ 7.*.$ ;)-(#$ 9#$ 1)$ J*'/)3.*%.%
7.+(2+<)3$#1$);D'(.1$q<)+$#'$2+:2()9.$)1$')1D+$9#1$(-.+.$#+$1.'
ES"
!"#$%&'( P
72#1.'3$ ;)-)$ @<#$ '#$ 1#$ 9I$ <+)$ )+(272;)72D+$ ?$ 92'7#-+2*2#+(.

#';2-2(<)1$ [f?.$ #'()5)$ #+$ #1$ 4';6-2(<i\$ ?$ ;-.,I(27.$ ['<$ :2'2D+$ #'
<+)$7.*52+)72D+$9#$1)'$:2'2.+#'$9#$M')6)'$?$4F#@<2#1\8$B)$7<#'(2D+
@<#$ N;.7)12;'2'$ )5.-9)$ #'K$ ]^<2I+$ '#-=$ -#?`$ ]41$ #>71<'2:.$ ?
'.5#-)+._2.'3$ .$ <+$ '<'(2(<(.$ 29D1)(-)`]E-2'(.$ .$ EI')-$ #+$ #1
;)')9.`]E-2'(.$.$#1$N+(27-2'(.$#+$#1$,<(<-.`$r3$;.-$2*;127)72D+3
]E-2'(.$.$7<)1@<2#-$.(-)$7.')3$2+71<?I+9.1.$)$<'(#9$*2'*.$#+$#1
;-#'#+(#`
E.*.$')5#3$N;.7)12;'2'$p$:2#+#$9#';<I'$9#$1.'$*#+')C#'$9#
E-2'(.$)$1)'$2A1#'2)'$9#$N'2)$[N;.7)12;'2'$/Zs\8$E2+7.$9#$1)'$'2#(#
2A1#'2)'$(#+6)+$1)$9#'1#)1()9$)$E-2'(.$7.*.$;-.51#*)$#';2-2(<)1
+H*#-.$<+.8$J-.+(.3$25)+$)$")5#-$.;72.+#'$;)-)$#1$#+A)T.3$@<#
#+A)T)-6)+$2+71<'.$)$1.'$#1#A29.'$9#$'#-$;.'251#8
N;.7)12;'2'$p$#'(=$;-#T)9.$9#$'2A+2,27)9.$'.5-#$7D*.$+.'
-#1)72.+)*.'$7.+$1)$'211)$9#1$72#1.$?$1)$"2'(.-2)8$N7#;(#*.'$1)
2+:2()72D+$9#$q<)+8$4';2#*.'$#+$#1$72#1.R;)-)$.5'#-:)-3$);-#+9#-
?$);127)-$#1$;-.(.7.1.$9#1$72#1.$'.5-#$7D*.$-#1)72.+)-+.'$7.+$1)
L.5#-)+6)3$ @<#$ #'$ 92A+)$ 9#$ '#-$ )9.-)9)8$ _.'$ 9#$ *='$ 9#$ <+)
9.7#+)$9#$"2*+.'$#+$N;.7)12;'2'$'#$#+7<#+(-)+$)@<68$%<#'(-.
,.7.$+.$#'$1)$7)+72D+$9#$1)'$7-2)(<-)'$:2:2#+(#'3$@<#$#1$.52';.
U#-5#-$2+*.-()12FD$;)-)$+.'.(-.'$#+$'<$"2*+.fL)+(.3$L)+(.3
L)+(.3i$?$#+$#1$4(#-+.$L#T.-$?$_2.'$J)+(.l-)(.-8
J54:(0,&2'(%.B.3'%)60,&0(0,(3)(?N^(0,(@'26)(B0,02)3(K(&)67.+,
3'(<)2+()3(@.,)3(-03(%0269,>
%<#'(-.$,.7.$#'(=$$'.5-#$1)$'#A<+9)$7)+72D+R1)$7)+72D+$9#
1.'$)+72)+.'8$fL#T.-3$92A+.$#-#'$9#$-#7252-$1)$A1.-2)$?$1)$".+-)$?$#1
;.9#-n$;.-@<#$(H$7-#)'(#$(.9)'$1)'$7.')'3$?$;.-$(<$:.1<+()9$#>2'(#+
?$,<#-.+$7-#)9)'8i$W1$#'$#1$9<#T.$?$.;#-)9.-$9#1$<+2:#-'.n$W1$#'$#1
")7#9.-$ ?$ #1$ )9*2+2'(-)9.-$ 9#$ (.9)$ 1)$ "2'(.-2)R*)7-.$ ?
*27-."2'(.-2)8$J.-$1.$()+(.3$+.$;.9#*.'$'#+()-+.'$#+$'<$'211)8
4+(.+7#'3$];.9-6)$')12-$9#$1)$'211)3$;.-$,):.-`
ESM
*+(%&','&-$./0"1)&2&3,
ESO
!"#$%&'(
!"#$%&'(
R1+:,).",+,.7,
&$2+1%9''&-$
,7.)(+:-$ 10
J54:(<)K(4,)(3.%&)(*)2/.)3(-0(3'%(&.*'%(-0(6)&02.)30%
540( *40-0,( 4&.3.H)2%0( 0,( 3)( .,&2'-4//.'',( -0( 4,
%0269,;(&'6)-)(-0(3)%(,'&)%(%'720(3)(.,&2'-4//.',
540(4%'(0,(03(^06.,)2.'(f0'39B./'(-0(W)33)%>(A)%(<0
/3)%.@./)-'( /'6'( *'%.7.3.-)-0%( -0( *20p.,&2'-4//.9,
0(.,&2'-4//.9,>
*+(Q&$2+1%9''&-$
{ ?20%0,&)/.9,
{ d0@020,/.)()(4,('2)-'2(),&02.'2
{ d0/','/.6.0,&'(-0(3)(.,&2'-4//.9,
{ d0@020,/.)()(4,)('/)%.9,(0%*0/.)3>
E$2+1%9''&-$."+&$'&",7
^.(4%&0-(20/402-)(3'%(/4)&2'(.,B20-.0,&0%(-0(4,)
.,&2'-4//.9,(*2.,/.*)3(0@0/&.=);(&)3(=0H(4%&0-(54.02)
),'&)2(0,(03(.,B20-.0,&0(*20/.%'(/)-)(03060,&'(-0(3)
%.B4.0,&0(3.%&)(540(4%&0-(54.020(/46*3.2>
{ W0/3)2)/.9,(540(33)60(3)()&0,/.9,
{ R,)('(=)2.)%(*20B4,&)%(-0%)@.),&0%
{ k,/.-0,&0(%02.'('(*02&.,0,&0
{ k,/.-0,&0(-.=02&.-'('(<46'2:%&./'
{ N4)-2'(=:=.-'(-03(64,-'
ESQ
*+(%&','&-$./0"1)&2&3,
{ k34%&2)/.9,('(0P06*3'(/',/20&'
{ R,)('(=)2.)%(-0@.,./.',0%
{ R,)('(=)2.)%(/.&)%
{ J@.26)/.9,(*)2)-9P./)
{ $8*3./.&)/.9,(-03(*2'7306)
{ R,)(,'&./.)
{ J3B4,)%('/4220,/.)%
{ A0//.9,('7P0&.=)
{ ?)217'3)('(*2'=027.'
{ d0@020,/.)( )( 4,( 3.72'( '( 4,( *2'B2)6)( -0( &030=.%.9,( '( 2)-.'
*'*43)2
{ $=0,&'(*20%0,&0
E!S
!"#$%&'(
!"#$%&'(
I9()2&1$,+&1.%(
(3,79,'&-$.%(7
)(+:-$ 11
[.0,&2)%( 0,%0])7)( <'6.3+&./)( 0,( 03( ^06.,)2.'
f0'39B./'(-0(W)33)%;(\)--),(d'7.,%',(K(%4%(/'30B)%
-.%0])2',(4,(/40%&.',)2.'(64K(`&.3(*)2)(0=)34)2(3)
*20-./)/.9,>(f'-)=:)(%0(4%)(0,(3'%(3)7'2)&'2.'%(-0
*20-./)/.',(-03(^06.,)2.'(f0'39B./'(-0(W)33)%o4,)
-0(3)%(.,%&.&4/.',0%(61%(-0%&)/)-)%(0,(03(64,-'(0,
3)(*20*)2)/.9,(<'6.3+&./)>(\0()-)*&)-'(K(08*),-.-'
0%&0( /40%&.',)2.';( 540( %0( 0,/40,&2)( 0,( 03( 3.72'( -0
d'7.,%',;(S25127)1$J-#)7"2+A$CE!MpEESD;(0,()26',:)
/',( 03( 6+&'-'( -0( *20-./)/.9,( -0( 0%&0( 3.72'>( A)%
%.B4.0,&0%( *20B4,&)%( 3'( B4.)21,( )( 60-.-)( 540
0%&24/&42)(%4%(%026',0%(K(0=)3`)(%4(*20%0,&)/.9,>(A'%
*2.,/.*.'%( 20*20%0,&)-'%( %',( )*3./)730%
4,.=02%)360,&0(-)-'(540(0%&1,(7)%)-'%(0,(3)(@'26)
0,(540(3'%(%020%(<46),'%(0,=:),(K(20/.70,(60,%)P0%>
\1B)%0( 0%&)%( *20B4,&)%( /)-)( =0H( 540( 0%/2.7)( '
*20-.540(4,(%0269,>
S+8,$&>,'&-$.%(7.)(+:-$
A0*12,
V$%(/',&06*'21,0';(.6*)/&),&0;(08)/&';(/3)2';(/'2&'X
Vd0=03)(0,(@'26)(08*3:/.&)('(.6*3:/.&)(-0(54+(%0
&2)&)(03(%0269,X
E!!
*+(%&','&-$./0"1)&2&3,
=.(F&$*.,%1''&7$
V[40%&2)(4,)(/',/.0,/.)(-0(3'(540(<)('/422.-'(),&0%(0,(03(/43&'X
Vf'6)(0,(/40,&)(3)()/&.&4-(-0(3)()4-.0,/.)(/',(20%*0/&'()3('2)-'2X
V[40%&2)(*4,&'%(0,(/'6`,(/',(3)()4-.0,/.)X
V\)K( 4,)( &2),%./.9,( -.%/02,.730( 0,&20( 3)( *20p.,&2'-4//.9,( K( 3)
.,&2'-4//.9,( *2.,/.*)3X
G('*1.69%(29*(H*,
V^0(60,/.',)(03(*)%)P0(0,(@'26)()*2'*.)-)X
V^0(-)(&.06*'(*)2)(0,/',&2)2(03(*)%)P0X
V^0(300(7.0,X(C$3(&08&'(*40-0(%02(60,/.',)-'(Ku'(30:-'(0,(=)2.'%
34B)20%>(b02(?)%'(">D
;$*.,%1''&7$9=.&$'&"62
VN)*&)(3)()&0,/.9,X
VA0=),&)()3B4,)(,0/0%.-)-(-.20/&)('(.,-.20/&)60,&0X
VA'('2.0,&)(<)/.)(03(&06);(<)/.)(3)(*2'*40%&)(*2.,/.*)3;('(<)/.)
03(*2.602(*4,&'X
V^0(0%&)730/0(03(*2'*9%.&'(-03(%0269,X
Vf.0,0(03(3)2B'(/'220/&'X
<1/F&$*.,%1''&7$
V$%(/3)2'(03(&2)%@',-'(-03(&08&'('(-03(%0269,X
VN',&2.74K0()3(&06);(*2'*9%.&';('(*2'*40%&)(*2.,/.*)3(-0(6),02)
`&.3X
I3*.1'*1.69%(29'1(.",
V^0(08*',0,(3'%(*4,&'%(/',(/3)2.-)-X(V$%&1,(3'(%4@./.0,&060,&0
)@.26)-'%X( V^',( /',=)3.-)-'%( 0,( @'26)( )-0/4)-)X( V^',
08*3./)-'%(K()*3./)-'%(0,(@'26)()*2'*.)-)X
V$%(03(-0%)22'33'(/3)2'X(V$%(3)(0%&24/&42)(B0,02)3(/3)2)X
Vf.0,0(03(%0269,(4,(*2'*40%&)(/0,&2)3X(V?40-0(08*3./.&)23)X
V^',(/3)2)%(3)%(&2),%./.',0%X(V^.2=0,(/'6'(20=.%.9,X
E!E
!"#$%&'( MM
V\)K(/',08.9,(0,&20(3'%(*4,&'%X
V^0(203)/.',),(3'%(*4,&'%(*2.,/.*)30%(/',(3)(*2'*40%&)(*2.,/.*)3X
V^0( 203)/.',),( 3'%( %47*4,&'%( 0,( @'26)( /3)2)( /',( %4( *4,&'%
*2.,/.*)30%X
:&3(J,9%(9269(3*.1'*1.6
V$%&1(03(%0269,('2B),.H)-'(-0(6),02)(.6*)/&),&0X
V$=.-0,/.)(4,('2-0,(39B./'X(V$=.-0,/.)(4,('2-0,(/2','39B./'X
V[40%&2)( %0,%.7.3.-)-( <)/.)( 3'%( )%4,&'%( *%./'39B./'%( '
%'/.'39B./'%(540(*40-0,(30=),&)2%0(0,(03(%0269,X
4,$'213&7$
VA30B)(03(%0269,()(4,(/3:6)8X
V\)K(4,(20%460,()-0/4)-'(-0(.-0)%X
V^0(20)@.26)(3)(*2'*40%&)(/0,&2)3(-03(%0269,X
V\)K()*03)/.',0%('(%4B020,/.)%(@.,)30%(0@0/&.=)%X
I1$2($&%1
=.,",3&'&7$9'($*.629K9(H#L(3&3
V$%(%4(&06)('(&9*./'(%.B,.@./)&.='X
V$%()*2'*.)-'()3(&08&'(K()(3)()4-.0,/.)X
V^0(08*20%)('(<)/0(0=.-0,&0(3)(*2'*40%&)(/0,&2)3(-03(&08&'X
V$%&1(03(%0269,()@.26)-'(%'720(4,)(740,)(08+B0%.%X
VA0%(-./0(4%&0-(-9,-0(%0(0,/40,&2)(0,(03(&08&'X
V$%(03(),13.%.%(-03(&06)(/'6*30&'(K(39B./'X
V^',(3'%()2B460,&'%(/',=.,/0,&0%X
V[40%&2)('2.B.,)3.-)-(03(/',&0,.-'X
B6*(.&629%(96",K,
V^0(203)/.',)(03(6)&02.)3(-0()*'K'(.,&0B2)360,&0(/',(%4(*4,&'X
V$%(.,&020%),&0;(=)2.)-';(0%*0/:@./';(K(%4@./.0,&0X
VJ@.26)(4%&0-(3'%(*4,&'%()(.34%&2)2X
E!#
*+(%&','&-$./0"1)&2&3,
V\)/0(4%&0-(4,)(&2),%./.9,(0,&20(3'%(*4,&'%(K(3)%(.34%&2)/.',0%X
V$%&1,(3'%(*4,&'%(/',0/&)-'%(/',(3)()4-.0,/.)X
V^0(20)@.26),('(20*)%),(3'%(*4,&'%(-0%*4+%(-0(3)%(.34%&2)/.',0%X
!"2&'6'&7$
V^0(<)/0,(3)%()*3./)/.',0%(0,(3'%(34B)20%(/'220/&'%X
V^0()-)*&),()(3)()4-.0,/.)X(V^',(/',/20&)%X
Vd0%*',-0,()(3)(*20B4,&)(UK(54+YX
Vd0%*',-0,()(3)(*20B4,&)(UK()<'2)(54+YX
/)2&71
V$%(3)(B2)61&./)(/'220/&)X
V$%(03(='/)743)2.'(/',/20&';(=:=.-'(K(=)2.)-'X
V^0(4%),(3)%(*)3)7&2)%(/'220/&)60,&0X
VN',&2.74K0(3)(%030//.9,(-0(*)3)72)%()(3)(0@0/&.=.-)-(-03(%0269,X
/6('2&3&%,%.T($(+,7
!%6"*6'&7$96926961%&($'&6
V^0()-)*&)(03(%0269,()(3'%(.,&020%0%(-0(3)()4-.0,/.)X(V^0()-)*&)
)(3)%()/&.&4-0%X
V$%&1(203)/.',)-'(/',(%4(/','/.6.0,&'X
Vd0%*',-0()(,0/0%.-)-0%X
U(3&)&-$.%(.7,."+()($2,'&-$
:&.(''&7$9&$*(2('*162
V\)73)(4%&0-(3'(%4@./.0,&060,&0()3&'X
V\)73)(-.20/&)60,&0()(3)()4-.0,/.)X
V$%(4%&0-()6.B)730X
V^4(*20%0,&)/.9,(%40,)(/'6'(4,)(/',=02%)/.9,(=.=)HX
Vf2'*.0H)(0,(3)(*2',4,/.)/.9,(-0()3B4,)%(*)3)72)%X
E!G
!"#$%&'(
=.(3($*6'&7$9 ,.62
VR%)(4%&0-(4,(&','(-0(='H(*3)/0,&02'X(VJ2&./43)(/',(/3)2.-)-X
Vb)2:)(4%&0-(03(,.=03;(03(='3`60,(K(3)(/),&.-)-X
VR%)(*)4%)%(0,(@'26)(0@0/&.=)s
=.(3($*6'&7$9 M03&'6
V$%&1(%4( /402*'( 0,&02'( .,='34/2)-'(0,(3)(*20%0,&)/.9,X(VR%)

B0%&'%X
V^',(3'%(B0%&'%(0%*',&1,0'%(K(-0@.,.-'%X
Vf2)&)(-0(0=.&)2(<17.&'%(540(-.%&2)0,X
V\)K(4,)(740,)(08*20%.9,(-03(2'%&2'X
V[.2)()(%4()4-.0,/.)()(3'%('P'%X
V^0(-)(/40,&)(-0(3)(20%*40%&)(-0(033'%X
E!I
*+(%&','&-$./0"1)&2&3,
E!"
!"#$%&'(
;12,)
*+(6,'&1
!>( ^0( *40-0( 0,/',&2)2( 4,( 0%&4-.'( 21*.-'( -0( &'-'( 3'( 540
*'-06'%()*20,-02(-0(3'%(B2),-0%(*20-./)-'20%(0,(3)(<.%&'2.)(0,
c>(d)K(g'2-),;(r.<$E)+$J-#)7"K$S<2192+A$)+9$_#12:#-2+A$("#
L#-*.+(CF40=)(n'2tL(T306.,B(\>(d0=033;(!QI!D;(/)*:&43'(I;(-0%-0
N3060,&0(-0(d'6)(C'7.%*';(7)>(OOo7)>(Q#D(<)%&)(?<.33.*%(a2''t%
C!O#Ip!OQ#D>
E>( h$%&)( @2)%0( 6.%6)( 0%( 4,( *3)B.'i( |077( c)22.%',( C!"#
J-#)7"#-$)+9$U2'$N<92#+7#(y|0%&_''-;(F>g>L(T306.,B(\>(d0=033;
!QIGz;(EI"D;(60,/.',)(3)(/2:&./)(-0(O)<'(.(540(<)/0(N<)230%(A>
[''20( C0,( Uf<0( \.B<0%&( fK*0( '@( j2.B.,)3.&K( .,( A.&02)&420;Y
E<--#+($B2(#-)(<-#(IS(y!Q!!zL(!SSD>(^0(%4*',0(540(03()4&'2(*.-.9
*20%&)-)(3)(*2.602)(6.&)-(-0(&'-)(3)('72)>(J3(3002(3)(6)K'2:)(-0
3)%( '72)%( <'6.3+&./)%( -0( <)/0( -'%( %.B3'%;( -0%/472:( /'6'
/)2)/&02:%&./)(20B43)2(3)%(/.&)%(540(%0(<)/0,(%.,(.,-./)2(3)(@40,&0>
f2)&)2+(-0(.,-./)2(-0(-9,-0('7&4=0(3)%(.-0)%(0,(@'26)(.,-.=.-4)3
'(6)%.=)>
#>( F'( .,/34K'( 0%&)( ),+/&'-)( *)2)( 60,'%/)7)2( )( 3'%
*20-./)-'20%(0,(3)(B2),(/.4-)-(-0(a'67)K>(A)(=02-)-(0%(540
6.%( )6.B'%( 0,/',&2)2',( )33:( 4,)( 3.,-)( .B30%.)>( ?.0,%'( 540( K'
&0,-2:)( 540( <)702( *20-./)-'( 61%( %'720( *2'7306)%( -0
/',%46.%.9,(-0()3/'<'3>
E!M
*+(%&','&-$./0"1)&2&3,
G>(R,(3.72'(-0(&08&'(%'720(<'6.3+&./)(540(%0)(/'6*20<0,%.='
/',%.-02)21(&'-'%(3'%(&06)%;(-0%-0(3)(*02%',)(-03(*20-./)-'2()
%4(*20%0,/.)(0,(03(*`3*.&';(-0%-0(%4(%),&.-)-(*02%',)3(<)%&)(03
4%'(-0(%4(='H>($%&0(6),4)3(%0(/',/0,&2)(%'3)60,&0(0,(3)(60/1,./)
-0(3)(*20-./)/.9,;(&'/),-'('/)%.',)360,&0(03()6*3.'(0%*0/&2'
-0(&06)%(540()*)20/0,(0,(4,(3.72'(-0(&08&'(%'720(<'6.3+&./)>
b)2.'%(&08&'%(71%./'%(/'6'(3'%(-0(a2')-4%(K(d'7.,%',(%',(/.&)-'%
0,(3)(7.73.'B2)@:)>
E$2+1%9''&-$
!>(J54:(<)K()3B4,)%(-0@.,./.',0%(08/030,&0%(-0(3)(*20-./)/.9,
08*'%.&.=)>( a2)B)( K( \)K-0,( %0( 0,@'/),( 0,( 03( /',&0,.-'( -03
%0269,>(d'7.,%',(K(03(N'6.&+(%'720($8*'%./.9,(a:73./)(.,/34K0,
6+&'-'%(K(60&)%(-0(3)(*20-./)/.9,(08*'%.&.=)>
R,(%0269,(08*'%.&.='(0%(U)54+3(0,(03(/4)3(4,)(*'2/.9,(-0(3)%
$%/2.&42)%;(61%('(60,'%(08&0,%);(0%(.,&02*20&)-)(0,(203)/.9,(/',
4,(&06)('()%4,&'>($3(B240%'(-03(6)&02.)3(*)2)(4,(%0269,(%0(08&2)0
-.20/&)60,&0(-03(*)%)P0;(K(03(7'%540P'(/',%.%&0(-0(4,)(%02.0(-0
.-0)%( *2'B20%.=)%;( /0,&2)-)%( )320-0-'2( -0( 0%)( .-0)( *2.,/.*)3>Y
Cg)60%(a2)B);(U.&$(.$J-#;)-#$S251#$V#'')A#'(y?'2&3),-;(j20B',L
[43&,'6)<;(!Q"Q;(!QO!z;(I#>D
R,(%0269,(08*'%.&.='(0%()54+3(540(U/'6.0,H)(/',(4,(*)%)P0
%4%&),/.)3( -0( 3)%( $%/2.&42)%;( K( *026.&0( 540( 3'%( *0,%)6.0,&'%
*2.,/.*)30%(-0(0%0(*)%)P0(%0(&2),%@'260,(0,(03(7'%540P'(*)2)(03
-0%)22'33';(K(0,(3)(7)%0(*)2)(3)()*3./)/.9,>Y(C$-_.,(b>(\)K-0,;
U|<)&(.%($8*'%.&'2K(?20)/<.,BXY(0,(N)230%(d>(c20%<)6;(0->;
J-#)7"$("#$t.-9K$u<29#12+#'$(.$4>;T.'2(.-?$J-#)7"2+A$yg'*3.,;
['>L(N'330B0(?20%%;(!QO#z;(!pE>D
A)(*20-./)/.9,(08*'%.&.=)(0%(3)(/'64,./)/.9,(-0(4,(/',/0*&'
7:73./';(-02.=)-'(-0(K(&2),%6.&.-'()(&2)=+%(-0(4,(0%&4-.'(<.%&92./';
B2)6)&./)3(K(3.&02)2.'(-03(*)%)P0(0,(%4(/',&08&';(540(03($%*:2.&4
^),&'(*2.602'()*3./)()(3)(*02%',)3.-)-(-03(*20-./)-'2;(K(340B'()
&2)=+%(-0(+3()(3'%('K0,&0%>(C\)--',(d'7.,%',;(S25127)1$J-#)7"2+A
yc2),-(d)*.-%L(a)t02;(!QOSz;(ES>D
A)(08*'%./.9,(7:73./)(0%(3)(/'64,./)/.9,(-03(%.B,.@./)-'(-0
4,( &08&'( -0( 3)%( $%/2.&42)%;( 0,( &+26.,'%( -0( 3)( /43&42)
/',&06*'21,0);(/',(3)(60&)(0%*0/:@./)(-0()K4-)2()(3)(B0,&0()
E!O
!"#$%&'(
0,&0,-02(K('70-0/02(3)(=02-)-(-0(W.'%>(CN'6.&+(%'720($8*'%./.9,
a:73./);( !QOE>D
*,)1.MV.I3*1%&(9(29*(H*,
!>( $3( ?)%'( !( 0%&1( 203)/.',)-'( /',( 3'( 540( /'6`,60,&0( %0

/','/0( /'6'( 6+&'-'%( -0( 0%&4-.'( 7:73./'>( A'%( 3.72'%
.,&2'-4/&'2.'%(%'720(03(&06)(.,/34K0,()L
T$$;(c'2-',(W>;(K(W'4B3)%(^&4)2&>(U.&$(.$P#)9$("#$S251#
,.-$N11$M(h'$t.-("8$c2),-(d)*.-%L(e',-02=),;(!QOE>
TkFe$A;(\),%>(c5'#-:#3$M+(#-;-#(3$N;;1?K$U.&$(.$L(<9?
("#$S251#$M+9<7(2:#1?8(|<0)&',L(b./&'2;(!QQG>
\$FWdkNq^;(\'_)2-(c>;(K(|.33.)6(W>(\0,-2./t%>(B2:2+A
5?$("#$S..l8$N<./)B'L([''-K(?20%%;(!QQ!>
fdJkFJ;( d'702&( J>( V#(".927)1$ S251#$ L(<9?K$ N$ %#&
N;;-.)7"$ (.$ U#-*#+#<(27'>( c2),-( d)*.-%L( T2),/.%
J4%742K(?20%%;(!QOI
|JAW;( j30&&)>( !"#$ q.?$ .,$ _2'7.:#-?$ 2+S251#$ L(<9?>
[.,,0)*'3.%L(J4B%742B;(!QMI>
E>(d'K(a>(e4/t>(Ua.73./)3(\0260,04&./%(),-($8*'%.&.',;Y(0,
t)1:..-9K$N$!-25<(#;(W',)3-(q>(N)6*7033;(0->(CN<./)B'L([''-K
?20%%;(!QOED;(!Q>
#>( $4B0,0( A'_2K;( U.&$ (.$ J-#)7"$ )$ J)-)51#K$ _#'2A+'$ ,.-
%)--)(2:#$L#-*.+'(CF)%<=.330L(J7.,B-',;(!QOQD;(#"p#M>
G>(\)2'3-(|>(\'0<,02;(U$*<0%.),%;Y(!"#$S251#$v+.&1#9A#
E.**#+()-?K$%#&$!#'()*#+($C|<0)&',L(b./&'2;(!QO#D;("#Q>
*,)1.=V.G69".,",3&'&7$9'($*.629%(29*(H*,
!>( ?20@.02'( U*2'*'%./.9,Y( /'6'( 03( &+26.,'( 61%( /3)2'>

T.3'%9@./)60,&0;( *2'*'%./.9,( 0%( 61%( /',%.%&0,&0( /',( 4,)
7.73.'B2)@:)( 0=),B+3./)m( K( <'6.3+&./)60,&0;( 03( &+26.,'( 0%
/',%.%&0,&0( /',( 3)( &2)-./.9,( <'6.3+&./)>( ?'2( 0P06*3';( g'<,
a2')-4%;(c+$("#$J-#;)-)(2.+$)+9$_#12:#-?$.,$L#-*.+'3(Gw>(0->;
20=>(b02,',(A>(^&),@.03-(C^),(T2),/.%/'L(\)2*02(),-(d'_;(!QMQD;
0%/2.&'(*'2(*2.602)(=0H()(@.,0%(-03(%.B3'(}k};(+3(4%9(U*2'*'%./.9,Y
C=02(/)*>(OD>
E!Q
*+(%&','&-$./0"1)&2&3,
R,(&08&'(61%(20/.0,&0(&)67.+,(%0(20@.020()(U*2'*'%./.9,>Y
W0%*4+%(-0(.-0,&.@./)2(/''2-.,)-)%(K(%47'2-.,)-)%(C/@>(,40%&2'
?)%'(ED;(3'%()4&'20%(0%/2.70,L
((((((($3(*298.6'(*)%'(0,(03(),13.%.%(&08&4)3(0%(3)(@'2643)/.9,(-0
4,)()@.26)/.9,(*2'*'%./.',)3;()@.26)/.9,(540(-0%&.3)(K(/2.%&)3.H)(03
*0,%)6.0,&'(/0,&2)3(-03(&08&'>(A)()@.26)/.',(*2'*'%./.',)3(0%(4,)
)@.26)/.9,()(*)2&.2(-0(3)(/4)3(0=0,&4)360,&0(%0(-0%)22'33)(03(&06)
-03(%0269,(Cg'03(c023)/<(K(d./<)2-(a)3B0;$J-#)7"$("#$u.';#1K$N
!#>(5..l$,.-$U.*21#(27';(y[.3_)4t00L(F'2&<_0%&02,;(!QMOz;(EID>
^.0&0( )]'%( -0%*4+%( 540( *4%0( *'2( 0%/2.&'( 03( 2+B.60,( -03
%0269,;(0,/',&2+(0%&0(6)B,:@./'(&08&'(-0(c023)/<(K(a)3B0;(03
/4)3(20@30P)()3B'(-0(3)(%0/40,/.)(540(0%&'K(*2'*',.0,-'(0,(0%&0
6),4)3>($%'(/',@.26)('&2)(=0H(3)(%'%*0/<)(540(08*20%+(0,(3)
.,&2'-4//.9,oh)`,(3'%(/',&06*'21,0'%(<),(0%&)-'(<42&),-'(6.%
%4*40%&)60,&0('2.B.,)30%(*0,%)6.0,&'%i(f)67.+,(20/','H/'(/',
B2)&.&4-(03(*2'B2)6)(-0(<'6.3+&./)(-03(^06.,)2.'(f0'39B./'(-0
W)33)%()(3'(3)2B'(-0(6.%()]'%(-0(0%&4-.),&0(K(-0(*2'@0%'2>(\)--',
d'7.,%',;(W4),0(A.&@.,;(g'<,(d00-;(K('&2'%(/'30B)%(-06)%.)-'
,4602'%'%(*)2)(,'672)23'%;(<),(.,@34:-'(%'720(6:(0,(/',/0*&';
*21/&./)(K(08*3./)/.9,>
E>( A'%( 0%&4-.),&0%( -0( <'6.3+&./)( 08*40%&'%( )3( /42%'
J-#927)72D+$S65127)(-0&0/&)21,(6.(-04-)(*'2(*3)B.'()(\)--',
d'7.,%',(0,(6.(?)%'(#>
*,)1.?V.I29".,"73&*,9"1($*(
!>(^.(<)K()3B'(540(*20&0,-0(4,)(%0673),H)(-0('2.B.,)3.-)-(0,
0%&0(6),4)3;(0%(3)(60/1,./)(-03(*2'/0%'(540(08*3./'(0,(03(?)%'
G;('(03(6'=.6.0,&'(-03(?)%'(#(<)/.)(03(?)%'(I;()(&2)=+%(-03(?)%'
G>(J`,(3'%(0%&4-.),&0%()=),H)-'%(*)20/0,(20/.7.2()K4-)(0,(%4
/'6*20,%.9,(-03(*2'/0%'(<'6.3+&./';(/)-)(=0H(540(%0(0,%0])
0%&0(*2'/0%'>
E>( g'<,( q.33.,B02( 0%/2.70L( UA'%( %026',0%( /',( @20/40,/.)
*.02-0,(03(<.3'(*'2540(%4%(*20-./)-'20%(,'(<),(.-0,&.@./)-'(%4
*2'*9%.&'(),&0%(-0(/'60,H)2>>>>((A'%(.,B20-.0,&0%(-0(4,(740,
%0269,(*40-0,(0%&)2(*20%0,&0%(o4,)()/&.&4-(0%*.2.&4)3;(.-0)%
.,&03.B0,&0%;(740,(30,B4)P0;(),)3'B:)%('(.34%&2)/.',0%(.346.,)&.=)%o
EES
!"#$%&'(
-0( 6'-'( 540( &),&'( 03( *20-./)-'2( /'6'( 3)( /',B20B)/.9,( %0

%'2*20,-0,(-0(540(,'('/422)(,)-)(/',(03(%0269,>(?02'(%.,(4,
*2'*9%.&'(/3)2'(0,(60,&0;(03(*20-./)-'2(,'(*40-0(0%*02)2(3'B2)2
64/<'>Y(CO<+9)*#+()1'$.,$J-#)7"2+A;(yT.3)-03@.)L(T'2&20%%;(!QOIz;
GOD>
#>( g)K( J-)6%( <)( &.&43)-'( %4( 3.72'(J-#)7"2+A$ &2("$ J<-;.'#
Cc2),-(d)*.-%L(a)t02;(!QOED;(%0])31,-','%(03((#1.'('(3)(60&)(-03
%0269,>( $3( 0%&)730/0( 4,( *4,&'( -0( =.%&)( @402&0( )3( P4%&.@./)2( 03
*2'*9%.&'( -0( &'-'( 0,( 4,( %0269,( o-0%-0( 3)( 0%&24/&42)( -0( 3)
.34%&2)/.9,()(3)(-03(7'%540P'>(b02(0%*0/.)360,&0(%4(/)*:&43'(!L
UA)(N0,&2)3.-)-(-03(?2'*9%.&'>Y
G>(c023)/<(K(a)3B0(33)6),()3(*2'*9%.&';(U3)(,'&)(&+3./)L(VZ4+
0%(3'(540(54.020(3'B2)2(03($%*:2.&4(^),&'()(&2)=+%(-0(0%&)(?)3)72)
-0(W.'%;(0,(3'%(/'2)H',0%(K(3)%(=.-)%(-0(3)(B0,&0(0,(0%&)('/)%.9,XY
CE"D>( U$3( *2'*9%.&'( 0%( 3)( /40%&.9,( /0,&2)3>( $3( *2'*9%.&'( -03
*20-./)-'2()3(*20-./)2;(03(*2'*9%.&'(-03(&08&';(03(*2'*9%.&'(-03
/',&0,.-'(-03(%0269,;(-0(3)('2B),.H)/.9,;(-03(0%&.3';(-03(6)&02.)3
.34%&2)&.=';(-03(&.*'(-0(*20%0,&)/.9,(4%)-)(o&'-'(0%&'(K(64/<'
61%(0%(/24/.)3(*)2)(4,)(740,)(*20-./)/.9,Y(C#D>
N'6'(@40(60,/.',)-'(),&0%;(03(0,@'540(-0(c023)/<(K(a)3B0
0%()@:,()(3'(540(<0(*2'*40%&'(0,(3'%(?)%'%(!pG;(08/0*&'(540(033'%
54.020,( 540( 3)( ,'&)( &+3./)( .,3@4K)( %'720( 3)( -0/3)2)/.9,
*2'*'%./.',)3>($3(*2'*9%.&'(-03(%0269,(,'(-0702:)(.,@34.2(%'720
3)(-0/3)2)/.9,(*2'*'%./.',)3(-03((#>(.>($33)()@0/&)21(%0B42)60,&0
3)(-0/3)2)/.9,(*2'*'%./.',)3(-03('#-*D+>
I>( UR,( %0269,( 0%( 4,)( 20=03)/.9,( -0( )3B`,( )%*0/&'( -0( 3)
20)3.-)-(-0(W.'%(/',(20@020,/.)()()3B4,)(,0/0%.-)-('(/',-./.9,
<46),)Y(Cf<0'-'20(?>(T022.%;(u.$!#11$("#$J#.;1#(yF40=)n'2tL
N<)230%(^/2.7,02s%(^',%;(!QI!z;(!MD>
">(?)2)()3B4,'%(540(*40-),(0%&)2(.,&020%)-'%;(-07'(&2)&)2(4,
*4,&'( 540( $4B0,0( A'_2K( CU.&$ (.$ J-#)7"$ )$ J)-)51#\( &2)0( )
/'3)/.9,>(l3(/)%&.B)(3)(@'26)(*2'*'%./.',)3(-0(*20-./)2(-07.-'()
%4( '2.0,&)/.9,( -0-4/&.=)( 0,( 3)( 6)K'2:)( -0( 3'%( *20-./)-'20%>
UJ54+33'%(540(%4B.020,(4,)()@.26)/.9,(&061&./)(0,(03(*2'/0%'
-0(*20*)2)/.9,(-03(%0269,;(/',(@20/40,/.)(3)(47./),(08)/&)60,&0
0,&20(03(&2)7)P'(7:73./'(K(3)(@'26)/.9,(-03(%0269,>($3(20%43&)-'(,'
.,&0,/.',)3(0%(-.=.-.2(03(&2)7)P';(.,/',%/.0,&060,&0(.6)B.,),-'
03(*2'/0%'(/'6'(4,(203'P(-0()20,)(*40%&'(-0(/'%&)-'L(03(&2)7)P'
EE!
*+(%&','&-$./0"1)&2&3,
7:73./'(%0(),B'%&)(<)/.)(3)('2)/.9,(&061&./);(*)2)(340B'()72.2%0
<)/.)(3)(@'26)/.9,(-03(%0269,Y(C#MD>
J54:( 0%&1( 6.( 20%*40%&)>( ?2.602';( 0,( 0%&0( 6+&'-';( 3)
-0/3)2)/.9,(&061&./)(,'(0%&1(0,(03(60-.'(-03(*2'/0%'>($3(*2'*9%.&'
*40,&0(0%(4,)(/',08.9,(0,&20(03(&2)7)P'(7:73./'(K(3)(@'26)/.9,(-03
%0269,>(^0B4,-';(U4,)('2.0,&)/.9,(-0-4/&.=)Y(%42B0(-03(%.%&06)
-0(0-4/)/.9,(*'2(03(540(*)%),(3'%(%06.,)2.%&)%;(61%(7.0,(540(-0
)3B'( 540( %0)( .,&2:,%0/'( )3( *2'/0%'( -03( %0269,;( 540( )54:( %0
*20%0,&)>($%(.,-4/&.=)(/4),-'(330B)(/',(3)('2)/.9,(&061&./)>(Z40
03(%0269,(%0)('2.0,&)-'(-0-4/&.=)('(.,-4/&.=)60,&0(-0*0,-0
-03(?)%'(Go03(-.%0]'u0%&24/&42)(-03(%0269,>(f02/02';()*20/.'
03()%*0/&'(U*%04-')2&:%&./'Y(-0(3)(%4B020,/.)(-0(A'_2K>
$,(/)67.';(/'6'(U/'6'(3'%(,'=03.%&)%(08*02.60,&)-'%(K('&2'%
)2&.%&)%(,)22)&.='%(540(,4,/)(%)70,(-06)%.)-'(<)/.)()-9,-0(=)
)(.2('(-070(.2(3)(<.%&'2.);Y(3'%(*20-./)-'20%(-070,(*026),0/02
)7.02&'%>( UF'%'&2'%( &)67.+,( ,0/0%.&)6'%( 6)8.6.H)2( ,40%&2)
/)*)/.-)-( -0( *026),0/02( )7.02&'%( )( 3'( 3)2B'( -03( *2'/0%'( -0
*20*)2)/.9,>(A)('2)/.9,(&061&./)(*)20/0(,'()30,&)2(0%)()*02&42)Y
C#MD>
^4B.02'( 540( 4,( U*2'*9%.&'Y( *40,&0( 0@0/&.='( *20%02=)( )3
*20-./)-'2(K(30(*2'=00(3)(*'%.7.3.-)-(-0(%02(4,()2&.%&)(6.0,&2)%
540(,'(*026.&0(4,)(U)*202&42)Y(-0%/',&2)3)-)(0(.,/',&2'3)730
540(30(2'70()4&'2.-)-()3(&08&'>
*,)1.BV.G69".,",3&'&7$9'($*.629%(293(.>7$
!>(q.33.,B02(%4B.020(540(3)(.-0)(-03(%0269,(=.0,0(-03(30//.',)2.'
-0(&08&'%(*)2)(03(-'6.,B'('(-0(3)(,)-)(U0,(/4)354.02(6'60,&'>Y
?)2)(3)(*20-./)/.9,(08*'%.&.=);(0%&)(U.-0)Y(=.0,0(-03(&08&'(K(%0
*2'/0%)()(&2)=+%(-03(U*2'*9%.&'Y(-03(%0269,>
j( /'6'( 3'( 08*20%),( c023)/<( K( a)3B0L( UA)( -0/3)2)/.9,
*2'*'%./.',)3(.,&0,&)(08*20%)2(03(*0,%)6.0,&'(/0,&2)3('(03(+,@)%.%
*2.,/.*)3(-03(&08&';(0,(&+26.,'%(-0(%4(,'&)(&+3./)>($33)()/0,&`)(3'
540()/0,&`)(03()4&'2(.,%*.2)-'>((^47'2-.,)(3'(540(+3(%47'2-.,)>
F'(0%(03(&06)(-0(4,(%0269,;()(*0%)2(-0(540(0,('/)%.',0%(*40-0
%023'>( $3( %0269,( 0%( 0672.9,./'( -0,&2'( -0( 3)( -0/3)2)/.9,
*2'*'%./.',)3(K(0602B0(-0(033)Y(CEMD>
EEE
!"#$%&'(
W0(*)%';(%.(4%&0-(54.020(*20-./)2(4,(*4,&'(%47'2-.,)-'(-03
&08&'(/'6'(03(*4,&'(*2.,/.*)3(-03(%0269,;(4%&0-(&.0,0(540()/'2&)2
03(&08&'(540(0%&1(/',%.-02),-'(/'6'(3)(*'2/.9,(*)2)(3)('/)%.9,>
E>(J3B4,'%(%0(20@.020,()3(U&06)Y(/'6'(U)%4,&'Y(C*'2(0P06*3';
\)--',(d'7.,%',D>($,(6.(08*02.0,/.);(3'%(0%&4-.),&0%(&.0,-0,()
/',@4,-.2(03(&06)(C'()%4,&'D(<'6.3+&./'(/',(03(%4P0&'(B2)6)&./)3
-0( 4,)( '2)/.9,;( 03( /4)3( 0%( /',( 61%( @20/40,/.)( 4,( %4%&),&.='
*2'6.,0,&0>(N',%0/40,&060,&0;(<0(20,4,/.)-'()3(&+26.,'()'<+(.
*'2(4,)(*)3)72)(60,'%(/',@4%)(/'6'((#*)8($3(&06)((&)67.+,
@4,/.',)(*)2)()%4,&'%(&061&./'%('(&06)%(540(4,'(*4-.02)(&2)&)2>
n)(%0)((&08&4)3('(&061&./';(03(%0269,(&.0,0(540(&0,02(4,(%'3'
&06)>
\0,2K(c2)-K(W)=.%;(_2'2A+$,.-$J-#)7"2+A$CT.3)-03@.)L(T'2&20%%;
!QIOD;(0%/2.70(0,(/',&2)(-0(3'%(&.*'%(0229,0'%(-0()%4,&'%(K(&06)%
C/)*:&43'(ID>(A'%(33)6)(J%4,&'%(k,-0@.,.-'%;(J%4,&'%(N',@4%'%(K
J%4,&'%(^4%&),&.='%>($3(-0@.,0()(4,()%4,&'('(&06)(-0(3)(%.B4.0,&0
6),02)L
VZ4+(<)K(0,(4,()%4,&'X
?'2(3'(60,'%L()3B'(-0(3'(/4)3(<)K(540(<)73)2>
^.06*20L(3'%(3:6.&0%(-0,&2'(-0(3'%(/4)30%(6),&0,02%0>
j(61%L(4,)(%4B020,/.)(-0(54+(<)K(540(-0/.2>
N'6'(64/<'L(&'-'(3'(540(03(%0269,(=)()(-0/.2>(CIOD>
#>(A)(/',&06*'2.H)/.9,(,'(0%(4,(U=)3'2(,'6.,)3Y(2030=),&0>
$2,0%&(a0%&(33)6)()(&)3(&0'2:)(-0(.,&02*20&)/.9,(U&2),%@020,/.)
-.20/&)Y( CO-.*!#>($ (.$ L#-*.+K$ P#';.+'251#$ Q'#$ .,$ ("#$ %#&
!#'()*#+($2+$J-#)7"2+A\(K(640%&2)(=)2.)%(@)3&)%(30B:&.6)%(0,(3)
&0'2:)(-0(.,&02*20&)/.9,(-03(U=)3'2(,'6.,)3Y(CIM(K(%.B4.0,&0%D>
[4K(%.6*3060,&0;(3)%(%.&4)/.',0%(P)61%(%',(3)%(6.%6)%(0,&20(03
64,-'( ),&.B4'( K( 03( ,40%&2'm( 3'%( /',/0*&'%( /)67.),( %4%
%.B,.@./)-'%(0,&20(03('2.B.,)3(K(03(4%'(/',&06*'21,0'm(&)3(=0H(,'
<)K)(<'K(4,(/',/0*&'(054.=)30,&0>(a0%&(-)(03(0P06*3'(-0(3'%
/',/0*&'%(-0$.:#C)$K(;)'(.-$540(,'(0%&1,(0,(3)(/43&42)(0%54.6)3>
C^4%(`3&.6'%(-'%(*2'7306)%(/',(0%&)(&0'2:)(=.0,0,(-0(4,)(=.%.9,
%47p0=),B+3./)(-0(3)%($%/2.&42)%(K(,'(%0(&2)&),()54:>D(R,(&2)7)P'
/'2&'(K(%'720%)3.0,&0;(%4(3.72'(0%(64/<'(61%(/3)2'(0,(3'(540(%0
%4*',0(540(,'(-0706'%(<)/02(0,(3)(*20-./)/.9,;(540(0,(3'(540
-0706'%(<)/02>
EE#
*+(%&','&-$./0"1)&2&3,
?)2)( )54+33'%( .,&020%)-'%( 0,( 3'%( )%*0/&'%( &+/,./'%( -0( 3)

<0260,+4&./)( K( -0( 3)( <'6.3+&./);( *026:&),60( <)/02( 3)
)%0=02)/.9,(%.B4.0,&0>(F'(%.06*20(*'-06'%(%'%&0,02(3)(&0'2:)
-0(3)(2030=),/.)(-03(U=)3'2(,'6.,)3>Y($,(3)(3.&02)&42)(-.-1/&./)(-0
3)%( 0*:%&'3)%;( 0%&)( 2030=),/.)( 0%( 61%( @1/.3( -0( 74%/)2( 540( 0,( 3)
3.&02)&42)(,'(0*.%&'3)2>($%&0()4&'2(%'%&.0,0(03(U%.B,.@./)-'(-03(=)3'2
,'6.,)3Y( 540( %42B0( -0( 4,)( &0'2:)( <0260,+4&./)( <.%&92./'p
B2)6)&./)3>(n(K'(%'%&0,B'(4,)(&0'2:)(<'6.3+&./)(-0(054.=)30,/.)
-.,16./)( /',%&24:-)( /',%.%&0,&060,&0( %'720( 3)( <0260,+4&./)
<.%&92./'pB2)6)&./)3>( F'( *'-06'%( .B4)3)2( '( /',@4,-.2( 3)
0%&2)&0B.)(<0260,+4&./)(/',(3)(0%&2)&0B.)(<'6.3+&./)>
*,)1.HV.I3*.1'*1.(9(293(.>7$
!>( A)( 4,.-)-( -03( %0269,( %0( -0640%&2)( K( *20%02=)( 0,( 0%&0
*2'/0%'(-0(/',%&24//.9,(-03(%0269,(-0(3)%(6),02)%(%.B4.0,&0%L
• ^0(0,/40,&2)(4,.-)-()(&2)=+%(-0(3)(*2'*'%./.9,(/0,&2)3(-03
&08&'(C?)%'(#D
• ^0(0,/40,&2)(4,.-)-(0,(03(*2'*9%.&'(-03(%0269,(C?)%'(GD>
• ^0( 0,/40,&2)( 4,.-)-( 0,( 3)( *2'*'%./.9,( /0,&2)3( -03( %0269,
C?)%'(ID>
• ^0(0,/40,&2)(4,.-)-(0,(3)(0%&24/&42)(-03(%0269,(C?)%'("D
• ^0( 0,/40,&2)( 4,.-)-( 0,( 03( 20*)%';( 3)( 20*0&./.9,( K( 3)
20)@.26)/.9,(-0(3)(?N^('(-0(3'%(*4,&'%(*2.,/.*)30%('(3'%(%47p
*4,&'%()(60-.-)(540(03(%0269,(%0(-.2.B0()(4,)(/',/34%.9,
C?)%'%("(K(MD>
E>(J320-0-'2(-0(4,(%.B3'()&21%;(\0,2K(|)2-(a00/<02(Cr)1#
B#7(<-#'$ .+$ J-#)7"2+A3$ N<./)B'L( ?.3B2.6;( !QSSp!QSED( <)739
)/02/)(-0(3)(,0/0%.-)-(-0(3)(=)2.0-)->
F.,B`,(<'6720(*20-./)(P)61%(*0,%),-'(&'-'(03(&.06*'(0,(*2'-4/.2
0@0/&'%;(%.,(64K(*2',&'(-)2%0(/40,&)(-0(540(3'%(<'6720%(%',(&),
-.@020,&0%(4,'%(-0('&2'%;(540(,.,B4,)(*20-./)/.9,(=)()(%02(0@0/&.=)
%.(,'(0%(*026),0,&060,&0(=)2.)-)m(K(0%&'(,'(*'2(03(<0/<'(-0
)&2)02(3)()&0,/.9,;(%.,'(*'2540(&'-'%(3'%(<'6720%(,'(20/.70,(3)
0,%0]),H)(6'2)3(*'2(03(6.%6'(3)-'(-0(%4%(60,&0%(CI#D>
EEG
!"#$%&'(
a00/<02(/3)%.@./9()(3'%('K0,&0%(-0(3)(%.B4.0,&0(6),02)L
M+(#1#7(<)1#'L(?)2)(0%&'%;(/4),&'(61%(39B./'(K(61%(6)&061&./';
60P'2>
4*.72.+)1#'L($%&'%(%',(U)3.60,&)-'%(*'2(%4%(/'2)H',0%>Y
4'(#()'L($%&'%(74%/),(0,(03(%0269,(3)(70330H)(-0(0%&.3'(K(03
0,/),&'(-0(3)(.6)B.,)/.9,(*)2)()/0*&)2(%4(=02-)->
V6'(27.'L(U$%&'%(,'(20/.70,(,)-)()(60,'%(540(%0)(,0743'%'>Y
A40B'( /',&.,`)( <)73),-'( )( %4%( 0%&4-.),&0%( %'720( UN96'

0,@20,&)2%0()(60,&0%(-.@020,&0%>Y(R,(*)2(-0(/.&)%(%'720(3)(=)2.0-)-
%021,(%4@./.0,&0%>
$3(-40]'(-0(4,(<'&03(,'(%.2=0(3'(540(61%(30(B4%&)>($3(%.2=0(%4%
60%)%(*)2)(03(70,0@./.'(-0(3)(/'64,.-)-(0,(B0,02)3(CIID>
^.(4,(<'6720(*40-0(%)3=)2%0(*'2(*42)(*20-./)/.9,(.,&030/&4)3;
540(3'(<)B)>(^.('&2'%(2054.020,(4,(*20-'6.,.'(-0(3)%(06'/.',0%;
-+%03'>(^.('&2'%(%0()*2'*.),(-0(3)(=02-)-(/',(61%(@)/.3.-)-()(&2)=+%
-0(3)(.6)B.,)/.9,;(-+%03)(0,(@'26)%()&2)/&.=)%()(3)(.6)B.,)/.9,>(^.
)`,(<)K('&2'%(540(3)(-06),-),(0,(@'26)(-0(<0/<'%(K(20B3)%;(=0)
540(3)(&0,B),(-0(0%)(@'26)>(f'60()(3'%(<'6720%(/'6'(30(<)
*3)/.-'()(W.'%(<)/023'%m(K(*026.&)(540(%4(*20-./)/.9,;(0,(3'(540
%0(20@.020()(3)(%030//.9,(-03(6)&02.)3;(K(03(6'-'(K(03(6+&'-'(*'2(3'%
/4)30%(4%&0-(0%&1(*20%0,&),-'(3)(=02-)-;(%.B)(3)%(,0/0%.-)-0%(-0
3)%(*02%',)%(6.%6)%;(K(,'(%.6*3060,&0(3)(60-.-)(-0(%4(*2'*.)
60,&0(CIOpIQD>
R%&0-0%(,'(%',(('7202'%(08*02.60,&)-'%(<)%&)(540(0,&.0,-),(3)
,)&42)30H)(<46),);(K(%0*),(/96'(&'/)23)(/',(3)(=02-)-(-.=.,)
C"!D>
#>( $%&)%( /)2)/&02:%&./)%( %0( 0,/40,&2),( 0,( a2')-4%;( c+$ ("#

J-#;)-)(2.+$)+9$_#12:#-?$.,$L#-*.+'3(O!%%>
G>(j;(3)()*3./)/.9,(.,='34/2)(-'%(/',08.',0%(71%./)%L
UN'6'(0,&',/0%(~(-0(3)(6.%6)(6),02)()<'2)Y(C?'%.&.=)D
UN'6'(0,&',/0%(~&)6*'/'()<'2)Y((CF0B)&.=)D
(((((J-)*&)-'(-0(d>N>\>(A0,%t.;(!"#$L#-*.+K$M('$U.*21#(27)1
E.+'(-<7(2.+(Cc2),-(d)*.-%>(a)t02;(!Q"OD;(EEO>
I>(A'%(/',%0P02'%(7:73./'%(%.06*20(<),(.,3/4:-'(03(UVK()<'2)
EEI
*+(%&','&-$./0"1)&2&3,
54+XY(0,(%4%(6.,.%&02.'%>(g)K(J-)6%(0,(J-#)7"2+A$&2("$J<-;.'#
0%&)730/0(4,(*4,&'(0@0/&.='L
N3)2)60,&0;(03(^0269,(-03([',&0(*'%00(4,)()74,-),/.)(7D*.
")7#-$-03.702)-'%>(V?'2(54+(3'%(<'6.3+&./'%('6.&.02',(,'&)2(4,
<0/<'( &),( '7=.'X( ?'%.73060,&0( *'2540( )( -.@020,/.)( -0( 3'%
/',%0P02'%(7:73./'%;(,'(%0(<),(-)-'(/40,&)(-0(3)(.6*'2&),/.)(-0(3)
.6*3060,&)/.9,(0,(03(/)67.'>(^.(4%&0-(54.020(540(%4(*20-./)/.9,
%0)(0@0/&.=);(0,&',/0%;()3(.B4)3(540(N2.%&';()%0B`20%0(-0(-)2()K4-)
0,(/4),&'()(7D*.$")7#-(C!EQD>
f:*./)60,&0;( 3'%( *20-./)-'20%( 540( /200,( 0,( 3)( a.73.)( ,'( <),
.6*3060,&)-'(*'%.&.=)(,.(,0B)&.=)60,&0(03(7D*.$")7#-('(7D*.
+.$")7#->(\),(%.-'(740,'%(*)2)(-0/.2()(3)%(/',B20B)/.',0%(54+
<)/02;(*02'(,'&'2.)60,&0(*'720%(*)2)(-0/.230%(/96'(<)/023'(C!#OD>
">(a00/<02;(A.72'(!;(!M!>($=),%(20*.&.9(3)(6.%6)('*.,.9,
<)/0(64/<'(&.06*'L(U$3(*20-./)-'2(,0/0%.&)(&0,02(3'%('P'%(7.0,
)7.02&'%>( f0,02( 'P'%( K( ,'( =02;( ':-'%( K( ,'( ':2( 0%( @)&)3( *)2)( 03
*20-./)-'2>Y( |.33.)6( $=),%;( U.&$ (.$ J-#;)-#$ L#-*.+'$ )+9
u.';#1$N99-#''#'(CN<./)B'L(N'3*'2&)B0;(!Q!#D;("!>
M>( A)( -0@.,./.9,( -0( 4,)( .34%&2)/.9,( .,/34K0( %4%( /',08.',0%
/',(3)()4-.0,/.)>(a00/<02(33)6)()(3)%(.34%&2)/.',0%(U),)3'B:)%
0,/47.02&)%>Y(U$3(@4,-)60,&'(-0(4,)(.34%&2)/.9,(0%(3)(@)6.3.)2.-)-
-0(3)()4-.0,/.)(/',(3)(7)%0(%'720(3)(540(3)(.34%&2)/.',(%0()@.26)>>>
%4%&),/.)360,&0;(03(6'-'(0,(540()*20,-06'%()3B'(,40='(0%(*'2
203)/.',)23'(/',()3B'(540(K)(/','/06'%Y(CA.72'(!;(!IID>
O>(\)--',(d'7.,%',(CS25127)1$J-#)7"2+A;(MQpQ"D(&.0,0(&20%
U*20B4,&)%(-0(-0%)22'33'Y(`&.30%;()(3)%(540(-070,(%'60&02%0(3)
*2'*'%./.9,( /0,&2)3( K( 3'%( *4,&'%( .,-.=.-4)30%>( !>( UVZ4+
%.B,.@./)XY(E>(UV$%(/.02&'XY(K(#>(UV$,&',/0%(54+XY($3('&2'(4%'(-0
0%&)%( &20%( *20B4,&)%( 0%( %0])3)2( 34B)20%( -',-0( %0( ,0/0%.&),
.34%&2)/.',0%>
Q>($%&)(%0//.9,(%'720(/',/34%.',0%(0%&1(20%46.-)(-03()2&:/43'
-03()4&'2(0,(B#)9#'"2;$U)+95..l'$.,$J-)7(27)1$!"#.1.A?3$='3>(!L
t.-9$)+9$t.-'"2;;((0->(B0,>;(g)60%(W>(a02t30K(Cc2),-(d)*.-%L
a)t02;(!QQED(7)P'(UN',/34%.',0%;Y(QGpQI>
!S>([.3&',(N246(g2>;(V)+<)1$.+$J-#)7"2+AK$N$%#&$J-.7#''
.,$ L#-*.+$ _#:#1.;*#+(( C|.3&',;( N',,>L( ['20<'4%0pa)23'_;
EE"
!"#$%&'(
!QOOD;( OO;( =0( 3)( ,0/0%.-)-( -0( <)/02( 4,)( %.,'*%.%( 0,( 3)%( -'%
%0/40,/.)%(%.B4.0,&0%>(UR,)(%.,'*%.%(20%460(03(/',&0,.-'(=027)3
-03(%0269,(0,(-'%('(&20%(%0B60,&'%;(0,(%4('2-0,(-0(*20%0,&)/.9,;
B0,02)360,&0(K)(%0)(/'6'
!>(^.&4)/.9,(~(N'6*3./)/.9,
!> d0%'34/.9,
((((((((((.
!>(^.&4)/.9,
E>( N'6*3./)/.9,
#>(d0%'34/.9,>
$,( /4)354.02( /)%';( 3)( /',/34%.9,( %0( 203)/.',)21( /',( 3)

20%'34/.9,>
*,)1.NV.=.(%&N1(9(293(.>7$
!>( R,( %0269,( 0%/2.&'( 0%( /4)3.&)&.=)60,&0( -.@020,&0( -0( 4,

%0269,(08&06*921,0'>(U$%&'(C4,(%0269,(08&06*'21,0'D(54.020
-0/.2(*20-./)2(%.,(0%/2.7.2>(F'(-070(/',@4,-.2%0(/',(*20-./)2(%.,
4,)( *20*)2)/.9,( )-0/4)-)>Y( g>( g>( J>( ?2'4-@''&;( L?'(#*)(27
U.*21#(27'(CF40=)(K'2tL(T306.,B(\>(d0=033;(!QS#D;(#SS>(R,)
*20*)2)/.9,()-0/4)-)(.,/34K0(3)(-.%/.*3.,)(-0(0%/2.7.2(03(%0269,>
E>( J3B4,'%( -0( 3'%( 540( 20/'60,-)6'%( 0,( 03( ^06.,)2.'( -0
W)33)%(%',(^40(F./<'3%;(t.-9'$.+$!)-A#((Cd./<6',-L(g'<,(q,'8
?20%%;(!Q"#Dm(J>(W4),0(A.&@.,;(J<5127$L;#)l2+AK$N$U)+95..l
,.-$E"-2'(2)+';(Ew(0->(Cc2),-(d)*.-%L(a)t02;(!QQEDm(d0B(c2),&(K
g'<,(d00-;(!#112+A$L(.-2#'$(.$!.<7"$("#$U#-)($C|<0)&',L(b./&'2;
!QQ!D>
#>(W0()/402-'()(J>(|>(a3)/t_''-;(3)%(U&20%(*2407)%(-0(0%&.3'
3.&02)2.'(0,(4,(%0269,Y(%',(/3)2.-)-;(.,&02+%(K(70330H)(C4>;.'2.-?
J-#)7"2+A$,.-$!.9)?;(yF)%<=.330L(J7.,B-',;(!QI#z;(GQD>($,(3)
'*.,.9,(-0(0%&0()4&'2;(03(.,&02+%(K(3)(70330H)(%',(3'%(7'2-0%(B0603'%
-0(4,(0%&.3'()@.3)-'(/'6'(,)=)P)(0,(3)(/'64,./)/.9,(0@0/&.=)>
G>( R%&0-( *40-0( 0%/',-02( %4%( <'P)%( -03( &)6)]'( -0( 60-.)
*1B.,)(0,(%4(a.73.)(*'2(%.(%0('3=.-)(-0()3B4,'%(*4,&'%(-03(%0269,>
?02'(64K(*2',&'(-0%/472.21(540(0%&0('*02)&.='(0,/47.02&'(0%
.,,0/0%)2.';( %.( *',0( 0,( *21/&./)( 3'%( ?)%'%( !pM>( j&2)( =0H;( 0,
,.,B`,(/)%'(4%&0-(-0702:)(-0*0,-02(-0(%4%(,'&)%>(VA0(B4%&)2:)
EEM
*+(%&','&-$./0"1)&2&3,
540(4,(*2'6.,0,&0(%'3.%&)(/),&)2)(4%),-'(%4(*)2&.&42)(K(540(4,
)/&'2(-0(/.,0(/',%43&)2)(%4%(,'&)%(0,(03(60-.'(-0(3)(*03:/43)X
\)K(4,)(*)2&0(.,&0B2)3(-03(0&<'%(-0(3)(*20-./)/.9,(540(%0(*.02-0
/4),-'(4%&0-(-0*0,-0(-0(3)%(,'&)%>
I>(N4),-'(0%&+(*20-./)-'(%4(%0269,(-0702:)(*20B4,&)2%0;
UVN96'(60(%0,&.2:)(/',(20%*0/&'()(6:(6.%6'(%.(0%&4=.02)(%0,&)-'
-',-0(0%&1,(033'%;(0%/4/<1,-'60XY(f+/,./)60,&0;(0%&)(*20B4,&)
%0(203)/.',)(/',(3)()/&.&4-(-0(3)()4-.0,/.)(/',(20%*0/&'()3('2)-'2>
$33'%(0%&1,(6.-.0,-'(%4(/'6*0&0,/.);(*20%0,&)/.9,;(/'2-.)3.-)-;
/',@.)7.3.-)-;( 0,&4%.)%6'( K( *20%0,/.);( 3)%( /4)30%( %',( &'-)%
-.60,%.',0%(-0(%4(/20-.7.3.-)->(^4(*20%0,&)/.9,(.,@34.21(%'720
%4()/&.&4-(<)/.)(4%&0-(0,(=)2.)%(120)%>
">(N',%43&0()(^*42B0',(%'720()2&./43)/.9,L(UW0(=02)%(-+30
4,)(*)3)72)(-0('*'2&4,.-)-(P4%&)m(,'(2'6*)(%4(0%*)3-)(0,(%4
=0<060,/.);(,.(3'(-0P0()&21%(0,(%4()*42'>Y$L;<-A#.+h'$B#7(<-#'
(.$U2'$L(<9#+(';(/',-0,%)-'(K(20%46.-'(*'2(W>(j>(T43302(Cc2),-
d)*.-%L(e',-02=),;(!QIID;(Q#>
!"#$%&'(.?V.41)."(7&8+1).%(.7,."+&$'&",7&>,'&-$
!>(?)2)(4,(0,@'540(7.0,()2&./43)-'(K(/4.-)-'%'(-03(*2'/0%'
-0(3)(*2.,/.*)3.H)/.9,;(=0)()(f.6'&<K(^>(|)220,;(UJ(?)2)-.B6
@'2(?20)/<.,B>Y(S2512.("#7)$L)7-);(GO(Cj/&>(~(W./>(!QQ!DL(G"#p
O"S>
EEO
!!"#$%#&'()*+)
"#$%#&'()*+)
#$$#%&'#()*+,-.-/0)!"#$%&'(')$*+,-+&'."'/&')$".-+&+-012'1-23-4
56-7/8-2.)*28-9+():";<0
=#$&>() ?28.0' 3&' )$#+/&4&+-01' ."/' "5&16"/-#0) %2.232@,24
56-,-/@+A)%BCD+3+():"E"0
=#F1#GG() H0) I2@-+.0) 71' 81,$#.9+,-#1' ,#' :#1,"4)#$&$(
;$"&+<-162'J82@6)$2K-6A4)=2L+8():";;0
=M#*?NOOI()#@68+P0)3&')$")&$&+-01'."'="$4#1"='>%>/-+#=2
5.)Q2A/4)*2A2)=2D7-A72)6+)QD9.-,2,-/@+A():"<:0
=$O#IF%()HD2@)#0)?-=,#$-&'."'/&')$".-+&+-010)5.)Q2A/4)*2A2
=2D7-A72)6+)QD9.-,2,-/@+A():"R<0
=$O#IF%()HD2@)#0)!$&,&.#'=#>$"'/&')$".-+&+-012)5.)Q2A/4)*2A2
=2D7-A72)6+)QD9.-,2,-/@+A():";E0
=$ONG()>0*0)@9='="$4#1"=A'+04#')$")&$&$/#='('+#491-+&$/#=2
5.)Q2A/4)*2A2)=2D7-A72)6+)QD9.-,2,-/@+A():";!0):STKK0
=F&&$U*?()I2V-60)?#4-/",-+0)W-.26+.X-24)W/878+AA)Q8+AA():"<;0
*#%#&U()OAV2.6/()+7)2.0):04#')$")&$&$'="$4#1"='.-1*4-+#=0
1-23-4)M/C/-():";R0
*>#Q5MM()=8Y2@0):<$-=,B+"1,"$".' ;$"&+<-162) J82@6) $2K-6A4
=2L+8():""R0
*O%&#%()O8.2@6/0):#491-+&+-01')#$'4".-#'."'/&')$".-+&+-012
1-23-4)56-7/8-2.)*28-9+():";Z0
*$#IIO*?() W8+6) =0);$"&+<-162) G2A[V-..+4) #9-@C6/@) Q8+AA(
:"<T0
*$#G5()H23+A)I0)C/'="$401'"D-+&E2)5.)Q2A/4)*2A2)=2D7-A72)6+
QD9.-,2,-/@+A():";E0
!!"
!"#$%#&'()*+)
W$551#G()>28/.60)F9"5&='&/,"$1&,-5&='"1'/&')$".-+&+-01'>%>/-+&0
5.)Q2A/4)*2A2)=2D7-A72)6+)QD9.-,2,-/@+A():""S0
J#$\U5()#.X8+6/)50)?-=,#$-&'."'/&')$".-+&+-01'+$-=,-&1&0)=D+@/A
#-8+A4)M2)#D8/82():"T"0
JUM() $D9]@0) ?&+-&' 91&' )$".-+&+-01' +#491-+&,-5&0) &2882AA24
*MU5():""T0
J$#%%O()I/3]@-,/0)!"#/#6%&'."'/&')$".-+&+-010)%2.232@,24
%BCD+3+():"EE0
>#N?UG%() &/3Â0) ?#4-/G,-+&' )$*+,-+&A' &(9.&' )&$&' /&
)$")&$&+-01'."'4"1=&H"='>%>/-+#=2)5.)Q2A/4)56-7/8-2.)1D@6/
>-AK2@/():";<0
?GO_() H/[@0) 7' -1,"6$-.&."' .&' )$"6&I&#0) %2/) Q2D./4) #%&5(
:"ER0
M#G5()I+@-A0);$".-+&'/&')&/&>$&0)#.,^`28)6+)%2@)HD2@()5AK2a24
56-7/8-2.)Q+8+C8-@/():"<"0
15$J#M()#@C+.)10)C/'&$,"'+$-=,-&1#'."'/&')$".-+&+-010)1]b-,/4
*2A2)F@-62)6+ QD9.-,2,-/@+A():"T:0
1O&&5%U()OAV2.6/)M0);$".-+&+-01' (' 4-=-01A' 91&' )"$=)"+,-5&
)&=,#$&/2)1-23-4
M/C/-():"<"0
Q#JcG()%23D+.0);J/)-,#K',"#/#6%&'('"=)"$&1E&2)1-23-4)56-7/8-2.
*28-9+():"<<0
QU&&dN#&%OG() U2@0) 7' ;$-4"$' D#$' ;$"&+<"$=2) J82@6) $2K-6A4
=2L+8():"<E0
$O=M5&O()#6/.X/0)C/'="$401'"5&16"/%=,-+#'('"/'"5&16"/-=,&0)5.
Q2A/4)*2A2)=2D7-A72)6+)QD9.-,2,-/@+A():"E<0
$OI$'JF5e() $2X2+.) #0) ?#4-/G,-+&' =-4)/-D-+&.&A' 4&19&/' ."
)$".-+&+-010)&2882AA24)*MU5():"<Z0
%#GJ%&5$()N050)!<"':$&D,'#D'@"$4#1':#1=,$9+,-#10)J82@6
$2K-6A4)e/@6+8V2@( :""Z0
%&O&&() H/[@) $0N0) L",M""1' !M#' N#$/.=2) J82@6) $2K-6A4
5+8632@A():"<!0
fffffff0)C/'+9&.$#'>%>/-+#'."/')$".-+&.#$0)&2882AA24)*MU5():";T0
&$5\UgO()#.+h2@68/0)C/')$".-+&.#$A')/*,-+&='&'4-='"=,9.-&1,"=0
5.)Q2A/4)*2A2)=2D7-A72)6+)QD9.-,2,-/@+A():"ER0
&F$G=FMM()$/6/.X/)J0()+60)O-++-#1&$-#'."'/&',"#/#6%&')$*+,-+&A
<#4-/G,-+&0)J82@6)$2K-6A4)&050M0M0():"<R0
\UM#()%23D+.0))P&19&/'."'<#4-/G,-+&2)&2882AA24)*MU5():"<R0
!ZS
!!"#$%#&'()*+)
N>U&5() I/DC.2A) 10) ;$".-+&+-01' "Q)#=-,-5&0) 5.) Q2A/4) *2A2

=2D7-A72)6+)QD9.-,2,-/@+A():"<S0
N>U&5%5MM() W28-A) I0) Y) M./Y6) 10) Q+88Y0) R&$-".&.' "1' /&
)$".-+&+-010)1282,2-9/4)56-7/8-2.)M-9+8726/8():";R0
NOOINO$&>()W./Y60)3&'"=+&/"$&'."'/&')$".-+&+-010)1-23-4
56-7/8-2.)\-62():";R0
e#1=$#GO) i) $#1'$5e() #K/.-@280) P&19&/' ."' <#4-/G,-+&0
1]b-,/4)*2A2)F@-62)I+)QD9.-,2,-/@+A()@0X0
!Z:

Como Preparar Un Bosquejo para Predicar

Загружено:

Сведения о документе

Оригинальное название

Авторское право

Доступные форматы

Поделиться этим документом

Поделиться или встроить документ

Параметры публикации

Этот документ был вам полезен?

Это неприемлемый материал?

Авторское право:

Доступные форматы

Como Preparar Un Bosquejo para Predicar

Загружено:

Авторское право:

Доступные форматы

!

E7*-/C/0*0/V:$ Z,0/+*7$ Z,S,(; K"%

P+>1,-8$ >81$ )8',158$ N1*:0.*18CC$ ,$ ./j8-

=*/'0.-(&$'+'<*$(*6% N'A% '18&$./% D-*+),'+.-*/% ;&*% $.

O.$(*<D.-)H',)L$% */% 1'% ('-*'% D-)$,)D'1% +*1% D-*+),'+.-

_.-('1*H'/ !k*1*9'$,)'%)$<*+)'(' !k*1*9'$,)'%'%1'-8.

=*?)1)+'+*/ !#1%(*:(.%*/(@%' !#1%D-*+),'+.-%*/(@%'

#:D./),)L$% */% &$'% D'1'?-'% <&1()+)<*$/).$'16% ;&*% /&-8*

#1% ,-)(*-).% D-)$,)D'1% D'-'% &$% <K(.+.% +*% )$(*-D-*(',)L$

#$% */(*% D'/.% &/(*+% ,.$/)+*-'-@% 1'/% <'$*-'/% ?@/),'/% +*

:+ H(+ ,$%B+ I)8(-()*(J)'/+ 2/5+ ,-+ ,$%&'(/+ $($%,8B%(2/+ K+ 8,%7'(2/

O)+ 6*,'(2)2(75+ ,.6/$(%(=)+ ',+ &5+ %,.%/+ )$&8,+ <&,+ &$%,'

O)+ -,5?&)+ 2)$%,--)5)+ I*,2&,5%,8,5%,+ ,$+ 6,2&-()*9+ 3/*

#$%)$+ *,-)2(/5,$+ $/5+ ',+ )K&')+ ,$6,2()-+ ,5+ ,$%*&2%&*)*

• c,*&$)-E5+ C494a`9!G9+ O)+ ,.6)5$(75+ ',+ -)+ I,+ 2*($%()5)+ ,5

#-+ -(0*/+ ',+ c/5B$+ $,+ 6*,$%)+ IB2(-8,5%,+ )+ &5+ ,$%&'(/

O)+ /0$,*=)2(75+ ',+ -)$+ *,-)2(/5,$+ 6$(2/-7?(2)$+ 6&,',

• C#"9%/5(&2 +"2 5#(&4*/+*M+ 3/*+ ,@,86-/>+ X',+ <&E+ 8)5,*)+ ,-

/+ 6,$)')8,5%,+ )6/K)')+ 6/*+ )-&$(/5,$+ K+ 8,J2/-)5J)$+ ',

D$1+ <&,>+ )+ 8,'(')+ <&,+ ,$%&'(,+ ,-+ %,.%/>+ &$%,'+ ,$%)*B

',-+ '()0-/>U+ T$)5?*,+ K+ 2)*5,U+ K+ '(I,*,5%,$+ )$6,2%/$+ ',

7&%' 6.$5)&' 8$%&%' %,M.,*25*%' /&' $>.+$)P2' $' *%5).65.)$)' /$%

• [+*25,G,-.*' 5&+&%' /&%' 0$)6$+&)*%' M)$0$5,6$/*%' &' +*

f]10&' $8/,6$0&%' *%5&%' 6.$5)&' 8$%&%' $/' 5*;5&g' #*)0D5$0*

^$>' +&%' U.*%&%' 8*-.*K&%F' 8*' >'-,(,F' )*/$6,&2$+&%' 6&2' /$

TU&)$' )*%.0$' /$%' %*66,&2*%' 8),26,8$/*%' +*' *%5*' 5*;5&B

Y2$' $C,)0$6,12' 0$E&)' +*' 2.*%5)$' +*C,2,6,12' +*' /$' 9)*+,6$6,12

8$' 9)&9&%,6,12' 6*25)$/' +*/' 5*;5&' *%' /$' .2,+$+' %,2N./$)' +*

C,)."%")(*+# )&9$.,-"D# 8$' +*6/$)$6,12' 6&09/*5$' +*' /$' #KL

:%;$*4%& $%7')%& *<)52*7%& *& BC'(5%(& DEFFGFH

\F 4/' K),%5&' $%6*2+,+&' +,&' 6.$5)&' 6/$%*%' +*' >&0@)*%

6"'&# IH# ,'-%>)->%,# ,.# -,0-&

8/*?$0&%' $@&)$' $' /$' 9$)5*' 0A%' 6)B5,6$' +*' 5&+&' */

%.9.*%5&F' */' 9)&91%,5&' +*/' %*)012' %*)A' 6&09$5,G/*' 6&2' /$%

@/* A&%',:#* ,+* %&84&)/')* !,%#* BC,%#* DE(' T.' +*6/$)$6,12' +*

>A R0+36$*' $' 0&%' 7*+@+36+%' ./+' $76/$01+36+' +%6N3' %-+3,&

5%6+' 6+1$' @' I3C$%-%' *+C0+V$' $7+*6$,$1+36+' +0' 6+<6&' @' +%

#$%&';g#Pd) 8$%' *$S&3+%' 9$*$' G+%6-*%+' 6&,$' 0$

=/"( ;%'"/"( ',( )/"( "'$*/,'"

)*$%+%,-.!"/$% )*$%+%,0$/'!"+% )*$%+%,1$2*$3+%

!"#$%&#%$4( 1')( "'$*+,

^A'*%( ./+( A+1'&( 'B&+*D%,'( 0%( +&6*/76/*%( ,+0( 7/+*:'( ,+0

T/( -36*',/77-23( 6-+3+( 6*+&( ,-1+3&-'3+&( +3( +00%)( 0%( :*+Z

o+3+*%01+36+@( 0'&( 7'1+36%*-'&( :*+Z-36*',/76'*-'&( &'3

$%0%B*%( ,+( `-'&G( eT+( :*+'7/:%3@( 7'3'7+3( F( 7*++3f( 5&6'&( 0'

24"/(B(CD'5#/E 24"/( F( CG'$*+,E

=4"( #$4,"3&3/,'"( 94$4,#3J4,

• L.!"%'7'+"$%, $", &+.0!, /$, &.!%$%)( 7'3K/37-'3+&( F( P*%&+&

9%( +=:'&-7-23( BVB0-7%( &-3( %:0-7%7-23( 7'3,/7+( %( /3%

• G+"%#.*'/!G( L+1'&( 3'6%,'( %36+&( 721'( 0%( 1-&1%( $YT( &+

E( 9%( 3%6/*%0+U%( ,+0( :/+B0'( ,+( `-'&G( L%F( DV37/0'&

• KM"7*(+%, $%1'.'#*!($%@( %&:+76'&( +=-&6+37-%0+&@( ,-3J1-7'&( F

`+&,+( /3( :%3'*%1%( ,+( :'&-B-0-,%,+&( ,+( %:0-7%7-23( ,+

g+,-'( &+*-%1+36+@( :+*1V6%1+( A%7+*( /3%( 0-&6%( ,+( %0C/3'&

+37%*3%( F( 7'36+=6/%0-U%( 0%&( +=:+76%6-D%&( ,+( `-'&( +3( /3

50( ( -1:%76'( ,+( /3( &+*123( &-+1:*+( +&6J( 7'3+76%,'( %( 0%

<, CV'#!., 0!($"#$"/'/+G( 9%&( -0/&6*%7-'3+&( -0/1-3%3G( ^**'K%3( 0/U

/3%( :*',/77-23( ,+( D-,+'@( &+( +37-+3,+3( 0/7+&( B*-00%36+&( :%*%

• , CV'#!., 7+"#$"'/+, W, !.-*0$"#+, 0+"6#+"+Q, ?','&( 0'&

L+( 00+C%,'( %( 7'3D+37+*1+( ,+( ./+( +37'36*%*( -0/&6*%7-'3+&

M%',#'"( 1'( 3)%"#$4&3/,'"L

!G 50%B'*+( +0( %*C/1+36'( R6%0( D+U( 3+7+&-6+( /3%

!G C(, 1*"#+, +, !.-*0$"#+)( Y/%3,'( +&6%1'&( 7+36*%,'&( +3( /3

E7-/C/00/V:$ Z,0/+*7$ Z,S,(; K"%

P+>1,-8$ >81$ )8',158$ N1:0.18CC$ ,$ ./j8-

=/'0.-(&$'+'<$(6% N'A% '18&$./% D-+),'+.-/% ;&% $.

O.$(<D.-)H',)L$% /% 1'% ('-'% D-)$,)D'1% +1% D-*+),'+.-

_.-('1H'/ !k19'$,)'%)$<+)'(' !k19'$,)'%'%1'-8.

=?)1)+'+/ !#1%(:(.%/(@%' !#1%D-+),'+.-%/(@%'

#:D./),)L$% /% &$'% D'1'?-'% <&1()+)<$/).$'16% ;&% /&-8

#1% ,-)(-).% D-)$,)D'1% D'-'% &$% <K(.+.% +% )$(-D-(',)L$

#$% /(% D'/.% &/(+% ,.$/)+-'-@% 1'/% <'$-'/% ?@/),'/% +

O)+ -,5?&)+ 2)$%,--)5)+ I,2&,5%,8,5%,+ ,$+ 6,2&-()9+ 3/*

#$%)$+ ,-)2(/5,$+ $/5+ ',+ )K&')+ ,$6,2()-+ ,5+ ,$%&2%&)

• c,&$)-E5+ C494a`9!G9+ O)+ ,.6)5$(75+ ',+ -)+ I,+ 2($%()5)+ ,5

#-+ -(0/+ ',+ c/5B$+ $,+ 6,$%)+ IB2(-8,5%,+ )+ &5+ ,$%&'(/

O)+ /0$,=)2(75+ ',+ -)$+ ,-)2(/5,$+ 6$(2/-7?(2)$+ 6&,',

• C#"9%/5(&2 +"2 5#(&4/+M+ 3/+ ,@,86-/>+ X',+ <&E+ 8)5,)+ ,-

',-+ '()0-/>U+ T$)5?,+ K+ 2)5,U+ K+ '(I,*,5%,$+ )$6,2%/$+ ',

7&%' 6.$5)&' 8$%&%' %,M.,25%' /&' $>.+$)P2' $' *%5).65.)$)' /$%

• [+25,G,-.' 5&+&%' /&%' 0$)6$+&)%' M)$0$5,6$/%' &' +*

f]10&' $8/,6$0&%' %5&%' 6.$5)&' 8$%&%' $/' 5;5&g' #)0D5$0

^$>' +&%' U.%&%' 8-.K&%F' 8' >'-,(,F' )*/$6,&2$+&%' 6&2' /$

TU&)$' )%.0$' /$%' %66,&2%' 8),26,8$/%' +' %5' 5;5&B

Y2$' $C,)0$6,12' 0$E&)' +' 2.%5)$' +C,2,6,12' +' /$' 9)*+,6$6,12

8$' 9)&9&%,6,12' 625)$/' +/' 5;5&' %' /$' .2,+$+' %,2N./$)' +*

C,)."%")(+# )&9$.,-"D# 8$' +6/$)$6,12' 6&09/5$' +' /$' #KL

:%;$4%& $%7')%& <)527%& & BC'(5%(& DEFFGFH

\F 4/' K),%5&' $%62+,+&' +,&' 6.$5)&' 6/$%%' +' >&0@)%

8/?$0&%' $@&)$' $' /$' 9$)5' 0A%' 6)B5,6$' +' 5&+&' /

%.9.%5&F' /' 9)&91%,5&' +/' %)012' %)A' 6&09$5,G/' 6&2' /$%

@/* A&%',:#* ,+* %&84&)/')* !,%#* BC,%#* DE(' T.' +6/$)$6,12' +

>A R0+36$' $' 0&%' 7+@+36+%' ./+' $76/$01+36+' +%6N3' %-+3,&

5%6+' 6+1$' @' I3C$%-%' +C0+V$' $7+6$,$1+36+' +0' 6+<6&' @' +%

#$%&';g#Pd) 8$%' $S&3+%' 9$$' G+%6-*%+' 6&,$' 0$

)$%+%,-.!"/$% )$%+%,0$/'!"+% )$%+%,1$2$3+%

^A'%( ./+( A+1'&( 'B&+D%,'( 0%( +&6/76/%( ,+0( 7/+*:'( ,+0

T/( -36',/77-23( 6-+3+( 6+&( ,-1+3&-'3+&( +3( +00%)( 0%( :*+Z

o+3+%01+36+@( 0'&( 7'1+36%-'&( :+Z-36',/76'*-'&( &'3

$%0%B%( ,+( `-'&G( eT+( :+'7/:%3@( 7'3'7+3( F( 7*++3f( 5&6'&( 0'

• KM"7(+%, $%1'.'#!($%@( %&:+76'&( +=-&6+37-%0+&@( ,-3J1-7'&( F

g+,-'( &+-%1+36+@( :+1V6%1+( A%7+*( /3%( 0-&6%( ,+( %0C/3'&

50( ( -1:%76'( ,+( /3( &+123( &-+1:+( +&6J( 7'3+76%,'( %( 0%

/3%( :',/77-23( ,+( D-,+'@( &+( +37-+3,+3( 0/7+&( B-00%36+&( :%*%

L+( 00+C%,'( %( 7'3D+37+1+( ,+( ./+( +37'36%( -0/&6%7-'3+&

!G 50%B'+( +0( %C/1+36'( R6%0( D+U( 3+7+&-6+( /3%

!G C(, 1"#+, +, !.-0$"#+)( Y/%3,'( +&6%1'&( 7+36*%,'&( +3( /3

^A'%( 00+C%1'&( %0( 6+1%( ,+( 0%( P+7/+37-%( F( 0%( 7%36-,%,( ,+

L%F( 1/7A%&( 70%&+&( ,+( -0/&6%7-'3+&@( F( ,-P++36+&( 7/06/*%&

5&6%&( &'3( %0C/3%&( -,+%&( &'B+( 721'( 7'370/-( AJB-01+36+( /3

6+1:+%1+36'( ?/1'E&6-7'F( /&+( +0( ?/1'( :%%( 7'1/3-7%*

$+&+36+( +0( 6%&A'3,'( D( +0( 7'36+<6'( ,+0( 6+<6'B( h36*',/O7%( 0%&

9%( :+&+36%7-23( &+( +0%7-'3%( 7'3( +0( :+,-7%,'a&/( ( 7%*%F

!%)(&+,-. R,( )-P0&.='( 0%( 4,)( )3)72)( 4%)-)( *)2)

4,$)1$'&7$-. R,)( /',P4,/.9,( 0%( 4,)( )3)72)( 4%)-)( )2)

a>( B)$ ;-.;.'272D+$ 7#+(-)1$ 9#1$ '#-D+L( &)67.+,( '-06'%

A)( 20-./)/.9,( 7:73./)( %.,( )3./)/.9,( /',-4/0( )( 3)

V$%&1(%4( /402'( 0,&02'( .,='34/2)-'(0,(3)(20%0,&)/.9,X(VR%)

!>( ?20@.02'( U2''%./.9,Y( /'6'( 03( &+26.,'( 61%( /3)2'>