Professional Documents
Culture Documents
2T?X
,0531(6'',10X%X.%X',)0',%X().X*6)+1XX$XX#X
X /=;@:@WHX;=FX'8FILX X#X
X /=;C:@WHX;=FX'8FILX X#X
X 6H@;8;=MX;=X'8FILX
X#X
X '8FILX)MJ=:U>C:IX XX
X '8FILX.8N=HN=X
XX
X 2LAH:@JAIMX;=FX*O=?IX
XX
X 2LIJ8?8:@WHX7=LN@:8FX;=XF8X.F8G8X XX
X 7=FI:@;8;X;=X2LIJ8?8:@WHX;=FX*O=?IX
XX
X 'IG9OMN@WHX X X
X .UG@N=MX;=XFH>F8G89AF@;8;X X X
X )N8J8MX;=FX*O=?IX
X"X
X F?H@:@WHXX"X
X 2LIJ8?8:@WHX;=FX*O=?IXXX
X ,H:=H;@IX=HX)MN8;IX)MN8:@IH8L@IXXX
X 5=LG@H8:AWHXIX)QNAH:@WHX;=FX*O=?IXXX
X 'F8M@>@:8:@WHX;=FX*O=?IXXX
X .UKOA;IMX,H>F8G89F=MXXX
X!X ,H:=H;BIX5@JIX2@M:@H8X XX
"X ,H:=H;@IX;=X)9OFFA:@WHX(=M9IL;8HN= &IVFX1P=LX4FIJX1P=LX
X X
"X 3=9IM8G@=HNIXJILX)9OFF@:WHXX X
"X 3=9IM8GB=HNIX4OJ=L>@:@8FX X"X
#X )QJFIM@IH=MX X#X
L
L 56;17A139K=LLL
L 5C>=139K=LLL
L F?;>B9K=L?>AL;1LF?1=B9K=L45;L-1?>AL45LD=L!J@D94>L5=L2D;;939K=LLL
%$",)%$)LLL
* !%(LLL
!%)(
LLL
L +5A<9=>;>7J1LHB931L45L)57DA>BLLL
L >=35?C>BL
LL
!#061E -#E 5')74+&#&E %1/1E -#E +0)'0+'4>#E '0E -#5E +0&7564+#5E 510E #06+)7#5E 5+0E
'/$#4)1E /7%*#5E8'%'5E-#E5')74+&#&E2#5AE&'5#2'4%+$+&#E%1/1E70#E4#/#E*#56#E-15E#@15E
5'5'06#E 7')1E &'E '56'E #@1E 70#E 07'8#E )'0'4#%+A0E &'E 2-#06#5E /<5E )4#0&'5E 37'E -#5E
#06'4+14'5E '/2';#410E #E 12'4#4E #E 24'5+10'5E :E 6'/2'4#674#5E /<5E '-'8#E :E 5'E 8+'410E
+/2-+%#E '0E %+'461E 0B/'41E &'E +0%'0&+15E:E '92-15+10'5E &'E)4#0E 4'-'8#0%+#E !1&1E '--1E
*+;1E37'E-#E+0&7564+#E5'E&+'4#E%7'06#E&'E-#E +/2146#0%+#E &'E24'8'0+4E-15E#%%+&'06'5E:E&'E
4'#-+;#4E 70E '567&+1E /7%*1E /<5E 241(70&1E :E 6=%0+%1E 37'E %7#-37+'4E 1641E #52'%61E &'E -#E
12'4#%+A0E:E&+5'@1E&'E2-#06#5E%101%+&1E# #"-((..($(.
0E'-E'4BE '9+56'0E&+('4'06'5E64#$#,15E$#5#&15E'0E-#E5')74+&#&EE%106+07#%+A0E
5'E24'5'06#0E#-)7015E&'E'--15E&'5#441--#&15E'0E-#E"0+8'45+&#&E#%+10#-E&'E0)'0+'4>#
E
C 567&+1E &'E 4+'5)15E &'E '92-15+A0E '0E 2-#06#5E &'E #-/#%'0#/+'061E &'E ->37+&15
+0(-#/#$-'5E%-#5'E
7614E#0%:E7+5#E514+1E 1/<0E
#%7-6#&E0)'0+'4>#E&'E'64A.'1E#5E#674#-E:E'64137>/+%#E
@1E&'E7$-+%#%+A0
E E
7'564#E 37'E 2#4#E '56+/#4E -15E 4+'5)15E 216'0%+#-'5E 37'E *#:E '0E 70#E 2-#06#E 5'E
&'$'0E 4'#-+;#4E #7&+614>#5E :E 4'8+5+10'5E #E -15E 241%'&+/+'0615E +052'%%+10'5E #E -#5E
+056#-#%+10'5E &10&'E 5'E 27'&#E 61-'4#4E '-E '4414E *7/#01E :E -15E (#--15E '0E 5'--15E &'E -#5E
$1/$#5E%1/24'514'5E$4+E70+10'5E:E5+56'/#5E&'E8'06'1E 'E'56#E/#0'4#E5'E27'&#E
/+0+/+;#4E-15E4+'5)15E:E2'-+)415E37'E510E(4'%7'06'5E'0E-#E+0&7564+#E2'64137>/+%#E
*").))%,&)((*"*%*"
$($&$' )!
"+&!()!.
D 052'%%+A0E&'E4+'5)15E#2.+%#&15E#E-#E0&7564+#E+0'41E/'6#-B4)+%#
7614
E4'&&:E/#&14E*<8';E514+1E
#%7-6#&E0)'0+'4?#E'1-A)+%#E+0'4#E:E'6#-B4)+%#E
@1E&'E27$-+%#%+A0EE
;<DM58,(4<$'5M$M05;M685)(;,54$0(;M@M(;<=',$4<(;M'(0M;(&<58M3,4(853(<$0I8*,&5M
6$8$M (0$%58$8M =4M 685L8$3$M '(M ;(*=85;M 6$8$M =4$M (368(;$M 3,4(8$M &54M (0M ),4M '(M
-4'(34-A$8M 15;M '$G5;M 3$<(8-$0(;M @M 8(;$8&,8M 0$M 6E8','$M '(M %(4(),&,5;M '(M 0$M (368(;$M $M
&54;(&=(4&,$M'(M0$M5&=88(4&,$M'(M=4M;,4,(;<85M7=(M$)(&<(M;=;M-4;<$0$&-54(;M
=(4<(M+<<6 &@%(8<(;,;=4-('=6( =4, M &+$>(B#5) +<30
,4'(?)8$3(;+<30M
K 4D0,;,;M'(M8,(;*5M'(M,4&(4',5M(4M=4$M(;<$&-H4M'(M$03$&(4$3,(4<5M@M%53%(5M'(
M M@M6(<8H0(5M&8='5
=<58M:$8M5;EM $8'54M50$;&5M
$&=0<$'M4*(4,(8F$M3%,(4<$0M
G5M'(M6=%0,&$&,H4M
M
;<(M ,4)583(M <-(4(M &535M 5%/(<,>5M (>$0=$8M 0$;M &54;(&=(4&,$;M &535M '$G5M $M 0$M
6856-('$'M 6E8','$M '(M %(4(),&,5M @M 8(;654;$%,0,'$'M )8(4<(M $M <(8&(85;M &$=;$'5;M 658M
'(88$3(M,4&(4',5M@ 5M"M
:%19%A)993
#<"%7%8*8A:1>A%$:A3%:A1,3!5$2A 12)90/-1$%;'A5!0%8A)90/A
0M1=/*8*8A$%A5*%8(28A$%A1#%1$*2A<A;3/28*@1A%1A:1!A3/!19!A$%A!/0!#%1!0*%192A
$%A ?4:*$28A 1'/!0!"/%8A (;M '(;$88500$'5M &54M 0$M ,4<(4&,H4M '(M '$8M $M &545&(8M <E&4,&$;M @M
3(<5'505*F$;M6$8$M0$M&588(&<$M(>$0=$&.H4M'(M =4$M60$4<$M'(M E;<(M <,65M@M (0M &D0&=05M'(M 0$M
3D?-3$M 6E8','$M (;<,3$'$M 3%5;M )$&<58(;M 6(83-<,8D4M (0$%58$8M =4M &588(&<5M 0$4M '(M
!(*=85;M7=(M<(4'8DM&535M),4$0,'$'M3,4,3,C$8M05;M)5&5;M'(M8,(;*5M,4'(34,C$9M25;M'$G5;M
3$<(8,$0(;M @M 8(;$8&,8M 0$M 6E8','$M '(M %(4(),&,5;M $M 0$M 7=(M =4$M (368(;$M 6=',(8$M (;<$8M
(?6=(;<$M;-M5&=88,(;(M=4M;,4,(;<85M
*
$
, ,
,
, , , , , #, "), ,
,,
,,( ,
+ ,
,$
,,
*
,
,&
,
%"
,
? 4 ,0 2452? (?,4 2$(? 3?(?/.$$=.?15 ? 4 2,$.?3$? 34 ? 6? ?42.3! 2$2?
(/2? 3 ?/?#$?/42/3?,4 2$( 3? (?(/2?3$ ,02 ?!(58 ? ?(4?4 ,0 2452??&?
4 ,0 2452??4 ,0 2452?3 ?,$ ? .?"2/3?
? $$=.? ? ,0 2452?
?4 ,0 2452? 3? 5.?02/0$ ?,58? $,0/24.4 ? .?4 2,/$.:,%? 8? 35?
6(/2? 05 ? /4 . 23 ? !:$(, .4 ? 0/2? , $? $.$2 4? /.? $.3425, .4/3?
($2/3? )? ? 4 ,0 2452? ? 5.?3$34 ,? 3 ? 4 2,$.?0/.$ ./? .?/.44/?
/.? (?3$34 ,?5.?3 "5./?5 20/?5.?4 2,=, 42/?8?0 2,$4$ ./?15 ?3 ?*. ? (?
15$($2$/? 4;2,$/? /3? $.3425, .4/3? 15 ? ,$ .? +? 4 ,0 2452? 4$ . .? /,/?
02$.$0$/? ? , $$=.?(/3?,$/3?!<3$/3?/,/? 70.3$=.? ? 5.?3=($/? (<15$/? /?
"3? (/3? ,$/3? ? 34/? (/3? ,$/3? ? . 2"<? ,$/3? .? (? 0/4 .$(? ?
. 2"<? (;42$? 0/2? & ,0(/?6/(4& ? /?(/3? ,$/3? .? ,$3$=.?4;2,$?2$.4 ?
8/? $342$5$=.? 30 42(? /3? $.3425, .4/3? ,:3? /,5. 3? 02? , $$=.? ?
4 ,0 2452?3/.?
/2? (? $! 2 .4 ? .452( 9? ? (/3? (,2 3? ? 426;3? ? (? 5.$=.? 3 ? " . 2? 5.?
6/(4' ?
> $2=, 42/3?,$ .?(?$.4 .3$? ?(?2$$=.? ?5.?/& 4/?*$ .4
(FD,QG@4/,/Q,>B94,>0@F0QGF495K,/,QB,D,Q>0/4DQ9,Q.,@F4/,/Q/0Q0@0D2N,QFMD>4.,Q
4@F0D.,>-4,/,Q 0EQ 9,Q.,9ADN,Q.,9Q CG0Q 0EQ 9,Q .,@F4/,/Q /0Q 0@0D2N,Q CG0Q 3,JQ CG0Q
EG>4@4EFD,DQ,QG@Q2D,>AQ/0Q,2G,QB,D,Q090H,DQEGQF0>B0D,FGD,QQ!Q Q8.,9QQQ.,9Q
%AG90Q FD,EQ >P9F4B90EQ 0IB0D4>0@F,.4A@0EQ 0@Q 9,EQ CG0Q 09Q >AH4>40@FAQ /0Q G@,EQ
B,9,EQ4>BG9E,/,EQBADQG@Q7G02AQ/0QB0E,EQE0Q>AHN,@Q0@Q09Q4@F0D4ADQ/0QG@QD0.4B40@F0Q
.A@Q,2G,Q0EF,-90.4OQ09Q
/0F0D>4@,@/AQ09Q4@.D0>0@FAQ
/0QF0>B0D,FGD,QCG0QE0QBDA/G.N,Q0@Q09Q19G4/AQ.A>AQ.A@E0.G0@.4,Q/0Q9AEQDAK,?40@FAEQ
BDA/G.4/AEQBADQ9,Q,24F,.4O@Q/0Q9,EQB,9,EQ
Q.,9QQQ%Q
#9Q *+Q AQG@4/,/Q FMD>4.,Q -D4FL@4.,Q BADQ EGEQ E429,EQ 0@Q 4@29MEQ 0EQG@,Q>0/4/,Q
B,D,Q09Q.,9ADQ>GJQGE,/,Q0@Q#EF,/AEQ+@4/AEQJQ0@Q>G.3AEQAFDAEQB,NE0EQ/0Q>MD4.,Q)0Q
/014@0Q .A>AQ
JQ0CG4H,90Q,QQ.,9ADN,EQ
Q!,9ADQ#EB0.N14.AQ
#9Q.,9ADQ0EB0.N14.AQ.Q/0QG@,QEGEF,@.4,Q0EQ9,Q.,@F4/,/Q/0Q.,9ADQ@0.0E,D4,QB,D,Q
090H,DQ9,QG@4/,/Q/0Q>,E,Q/0QG@,QEGEF,@.4,QQ2D,/AQ/0QF0>B0D,FGD,QJQ E0Q>4/0Q 0@Q
%&2!QAQ FG'- $
Q',Q.,B,.4/,/Q.,9ADN14.,Q!Q/0QG@,QEGEF,@.4,Q0EQ9,Q.,@F4/,/Q/0Q
.,9ADQ @0.0E,D4,Q B,D,Q090H,DQ G@Q 2D,/AQ!09E4GEQ 9,Q F0>B0D,FGD,Q /0Q G@,Q /0F0D>4@,/,Q
.,@F4/,/Q/0Q9,QEGEF,@.4,Q #9Q.,9ADQ0EB0.N14.AQ0EQG@,Q BDAB40/,/Q 4@F0@E4H,Q?40@FD,EQ
CG0Q 9,Q .,B,.4/,/Q .,9ADN14.,Q 0EQ G@,Q BDAB40/,/Q 0IF0@E4H,Q ',Q D09,.4O@Q 0@FD0Q 9,Q
.,B,.4/,/Q.,9ADN14.,QJQ09Q.,:ADQ0EB0.N14.AQ/0QG@,QEGEF,@.4,Q0EQ
"A@/0Q
!Q!,B,.4/,/Q.,9ADN16.,Q0IBD0E,/AQ0@Q%&QAQ FG $Q
>QG@,Q/0F0D>4@,/,Q>,E,Q
.Q.,;ADQ0EB0.N14.AQ0IBD0E,/AQ0@Q%&2&QAQ FG'- $Q
Q!,9ADQ',F0@F0Q
$,E0Q +E,/AQ B,D,Q /0E.D4-4DQG@Q 0EF,/AQ 1NE4.AQ /0Q <,Q >,F0D4,Q.A>AQ EO94/AQ =NCG4/AQ AQ
2,E0AEAQ
R
->.7@R01R2-E1R"ER:-RFC-?E7/7P?R01RG?-R2-E1R-R@FC-R$1?1C-:>1?F1R-/@>A-O-0-RA@CR
1>7E7P?R@R-.E@C/7P?R01R/-:@CRIRG?R/->.7@R01RH@:G>1?RIR01?E70-0
R
)-C-RA-E-CR01R:-R2-E1R:NBG70-R6-/7-R:-R2-E1REP:70-RG?R4C->@R01R-4G-R?1/1E7F-R
A1C01CR R/-:@CN-ER !1R :-R >7E>-R2@C>-R A-C-R01CC1F7CR G?R 4C->@R01R 671:@E1AC1/7E-R
4-?-CRR/-;@CN-ER
*7R 1;R -4G-R 1EFLR 1?R 2-E1R ;NBG70-R -R =(( R /-0-R 4C->@R AC1/7E-R 4-?-CR G?-ER R
/-:@CN-ERA-C-RA-E-CR -R:-R3-E1R4-E1@E-R >71?FC-ERBG1R/-0-R4C->@R01RH-A@CRD1BG71C1R
:-RAMC070-R01RR/-:@CN-ER A-C-R A-E-CR-R2-E1R:NBG70-R @>@R E1R@.E1CH-R 1?R:-R274GC-R
R F-?F@R 1?R :-R 2GE7P?R /@>@R 1?R :-R H-A@C7J-/7P?R ?@R -G>1?F-R ?7R 07E>7?GI1R :-R
F1>A1C-FGC-RE@:@R/->.7-R<-R2-E1R
-:@CR:-F1?F1R01;R-5G-R
Q #GE7P?RR9&94R PRR9/-:94R-R(R
Q "H-A@C7J-/7P?RR9&94RPRR9/-:94R-RRK
+R R
,-A@C7J-/7P?R
R
-:@CR'-F1?F1R
-:@CR*1?E7.:1R
#74GC-RR -;@CR:-F1?F1RIR -:@CR*1?E7.:1R01;R% -RR-F>PE21D-R
;
; +0; #)#-; &; 0 *; *(*; &; ()#./#9); 1#.0&; ; &; *(0./#9); ;
*(0./#9); .; &; -#9); ,07(#; ; *2##9); -0#9); )/-; 0); &()/*;
*2#)/;)*(#)*;*(0-)/;3;0);&()/*;-0/*-;)*(#)*;*(0./#&;
&; 0 *; .; #)#*; +*-; &; (3*-7; ; ##*)-#*.; *(*; &; )9()*; ;
*(0./#9);()#./*;+*-;&04;&&(.;3;&*- ;*-;*/-*;&*;&;*(0./#9);.;#)#;
*(*;&;+-*.*;,07(#*;;*2##9);*(+8*;+*-;&;1*&0#9);;&04;3;&*-;
;
&;*(0-)/; .;&; .; *; (4&; ; ..;,0; +-(#/; &;#)##*; 3; .--*&&*; &;
0 *; 3; ,0; +-/##+; ); &; *(0./#9); *2#)*; &; *(0./#&; **.; &*.;
*(0-)/.;/#)););.0;*(+*.##9);*27 )*;#.+*)#&; #););*-(;(*&0&-;*;
);*4*)*.;3;92#*.;,0;);&;*27 )*;);&;(*()/*;;&;*(0./#9); -;,0;.;
+-*04;&;*(0./#9);.;).-#;&;+-.)#;;0);+-*+*-#9);(7)#(;;*27 )*;
,0; +*-; - &; )-&; 1; ; ; *; "./; .*.; 2/-(*.; ; ; *-; %(+&*; &;#-;
*)/#);0);*))/-#9);;*27 )*;;
;+-*2#(()/ ;
&;*(0./#&;.;&;.0./)#;,0;);+-.)#;;*27 )*;3;+*-/5)*&;0);#-/;
)- 7; ; /#1#9); .; +4; ; --; 3; &#--; )- 7
; *.; *(0./#&.;+0);
&.#$-.; . :); .0; )/0-&4; ); *(0./#&.; .9&#*.; &7,0#*.; *; .*.*.; 0;
+-#)#+&; -/-7./#; .; .0; +*-; &*-7#*; ,0; .; &; &*-; .+-)#*; +*-; &;
*(0./#9);*(+&/;;0);0)#;;(.;#&* -(*;3;./5;2+-.*;);*0& ;
&+*!'8#'*8(*8)-8#8,%(*,-*8#8'%-+,!#8-%&,808+(*&8.('*+8
)-8(*%!,"*1&8#8!&"!78
!-*88*!1&-#'88-'8
-*&,8 %- '8 ,!%('8 #+8 ,2&!+8 8 (*.&!7&8 (*',!7&8 08 #- 8 '&,*8
!&&!'+8+8+*'&8&8#8,'*48#8*!1&-$'8$8 -'8 1+8,*8+8+**'##78-&8
&-.8,'*58)-8638-&8&-.'8,'*
8#8*!7&8&8&88!8+8!&,**-%(8#8
,*&+%!+!7&8 8#'*8 8 -&+8 (*,3-#+8 8 ',*+8 &8 #8 '%-+,!#8 &'8 +*18 ('+!#8 #8
'&,"&-!7&8 #8 !&&!'8 8*!7&8&8 &86"88 #'+8',*'+8,*+8#%&,'+8
'&+,!,-08
'%'8+8'+*.8&8#8!-*8 8
-) 6,))&66-&6
D#)1!'""D"#D412&!'C/D"#)D9#&1D
)D47'1D"#D!)14D)' #4"1D#7#)#6#7#D D#6D#)D:*14D.?6D'.2147/7#D
24D"#6!4' '4D9/D'/!#/"'1D D!94:D"#D D!1/D4#62#!71D)D7'#.21D4#24#6#/7D)D
:#)1!'""D "#D !4#!'.'#/71D "#)D %9#&1D 4D )A39'"16D <D 6C)'"16D !1. 967' )#6D )D
'/'!'!'C/D"#D)6D)).6D 1!944#D#/D%6#D&6 D#D"# #D69.'/'6744D24'.#41D )D#/#4&AD
7@4.'!D !)14D 24D !1/:#47'4D 9/D 247#D 69%'!'#/7#D "#)D !1. 967' )#D #/D :214D
!4#/"1D 6AD9/D .#=!)D '/%). )#D "#D:214D<D'4#D#/D)D :#!'/""D"#D)D692#4%'!'#D
4D )D .<14AD "#D !1. 967' )#6D )A39'"16D #67#D #6D 6'.2)#.#/7#D 9/D 241!#61D "#D
#:214!'C/D2#41D!6'D71"16D)16D!1. 967' )#6D6C)'"16D"# #/D69%4'4D"#6!1.216'!'C/D
39A.'!D/7#6D"#D39#D6#D*' #4#D:214
D 67D#6D)D4>C/D214D)D!9)D)16D4.4'16D"#D
."#4D 1)'"D 11"D '/#76D 214D #(#.2)1D 24#6#/7D 9/D !94:D "#D D +$08D
!1.1D6#D.9#674D#/D)D%'&94DD
D #:1)9!'C/D #;!7D "#)D '/!#/"'1D #6D .9<D "'%A!')D "#D 24#"#!'4
D '/!)961D 6'D
!1/7.16D !1/D '/%14.!'C/D "#7))"D "#)D !1. 967' ,#D <D 69D "'675' 9!'C/D
#;!7?6'!.#/7#D #)D?4#D"#D39#."1D)D!9)D#67?D"#%'/'"D214D)D!2!'""D"#D
2412&!'C/D"#D )D )*.D #6D)D39#D*'"#4D#)D!1.2147.'#/71D"#)D%9#&1D-D .'6.1D
7'#.21D "#2#/"#D"#)D7.B1D"#D)D)).D 7#.2#4794D<D7'#.21D"#D39#."1
D #/D
1746D#)D!1.2147.'#/71D"#)D%9#&1D:4AD"# '"1DD"':#466D:4' )#6 D
6
6 !656 6
#'06 $&-26
6.66,*6
"/)6
6
6
+6%6
&(36
6
6
6 6 6
416
'&94DD#"'"6D"#D"'%#5#/7#6DD
"F $52#<9:*E4F &9F <4"F 8&"$$*E4F &>5:C82*$"F "<:52"4:&4*%"F 7<&F *4=5-<$8"F <4F
$52#<9:*#.&F 9E.*%5F .D7<*%5F ?5F &4F '"9&F%&F("9F .F 685$&95F &9:BF <9<".2&4:&F 6&85F 45F
4&$&9"8*"2&4:&F"95$*"%5F$54F."F5>*%"$*E4F%&F<4F$53#<9:*#.&F658F5>D(&45F":259'C8*$5F
.(<459F 9E.*%59F 6<&%&4F 7<&2"89&F %*8&$:"2&4:&F 658F $53#<9:*E4F *4$"4%&9$&4:&F 5F &4F
#8"9"9F9*4F.."2"9F6&85F&4F."F$53#<9:*E4F&4F.."2"9F%&F$52#<9:*#.&9F9E.*%59F?F.D7<*%59F."F
="658*@"$*E4F9<$&%&F"4:&9F%&F."F$52#<9;*E4F 9F4&$&9"8*5F%*9:*4(<*8F&4:8&F%59F:+659F%&F
.."2"9F
F 8&2&@$."%"F &4F."F$<".F &.F$52#<9:*#.&F("9&595F9&F2&@$."FD4:*2"2&4:&F$54F
"*8&F"4:&9F%&F."F*(4*$*E4F?F F*'<9*="F&4F."F7<&F."F$52#<9:*E4F:*&4&F.<("8F&4F."9F8&(*54&9F
%54%&F 9&F &9:BF 2&@$0"4%5F &.F $52#<9:*#.&F ?F &.F "*8&F !F *F :*&4&F .<("8F ."F $52#<9:*E4F
68&2&@$."%"F&4F<4F.<("8F&4$&88"%5F 5$<88&F<4"F&.&="$*E4F8B6*%"F%&F68&9*E4F 6<%*&4%5F
685%<$*8F<4"F&>6.59*E4
F
/1D2*:&9F%&F.4'."2"#*.*%"%F
&'*4&4F&.F*4:&8=".5F5F8"4(5F%&F$54$&4:8"$*54&9F%&F("9F*4'."2"#.&F5F="658F
&4F"*8&F7<&F9&F*4$&4%*"4F9*F9&F*4:85%<$&F<4"F'<&4:&F%&F*(4*$*E4F 658F&,&26.5F<4"F
.."2"F 5F $)*96"F &.C$:8*$"F &4F ."F 2&@$."F 4F ."F :"#."F F 9&F 5#9&8="F 7<&F "F F ."9F
2&A$."9F2&:"45"*8&F954F*4'."2"#.&9F95."3&4:&F&4:8&F F 658F $*&4:5F .D3*:&F#",5F 5F
*4'&8*58F%&F*4'."2"#*.*%"%F?FF658F$*&4:5F .D2*:&F9<6&8*58F5F".:5F%&F*4'."2"#*.*%"%F
&4F =5.<2&4
F 58F %&#",5F %&F F 658F $*&4:5F ."F 2&A$."F &9F %&2"9*"%5F 65#8&F 6"8"F
*4$&4%*"89&F 3*&4:8"9F 7<&F 658F &4$*2"F %&F F 658F $*&4:5F &9F %&2"9*"%5F 8*$"F 6"8"F
"8%&8F 59F .D2*:&9F 6"8"F &.F )*%8E(&45F 954F 2<$)5F 2B9F "26.*59F F ?F F
8&96&$:*="2&4:&F<"4%5F."F:&26&8":<8"F%&F."F2&A$."F"<2&4:"F9&F"26.D"F&.F8"4(5F
%&F *4'."2"#*.*%"%F ?F $<"4%5F 9&F 8&%<$&F ."F :&26&8":<8"F &.F 8"4(5F 9&F 8&%<$&F 4F
"<2&4:5F %&F :&26&8":<8"F 6<&%&F )"$&8F 7<&F <4"F 2&A$."F 45F *4'."2"#.&F 9&F =<&.=&F
*4'."3"#.&F ".F $5.5$"8."F %&4:85F %&.F 8"4(5F %&F *4'."2"#*.*%"%F "95$*"%5F $54F ."F
:&26&8":<8"F2B9F".:"F !
F
P
*/0</P
P%M=8F3EP23P8>4</=/08<82/2P@/B/P6/E3EPIPH/@?B3EPFM@81?EP/P P
+?<G=3>P 6= +?<G=3>P 6=
#82BO63>?P
P P P P
&3F/>?P
P P P P
(B?@/>?P
P P P P
>'1F/>?
P P
!F9<3>?P
P P P P
P(G>F?P23P$>4</=/18O>P 1?@/P13BB/2/P
!<P @G>F?P 23P 8>4</=/18O>P 1?@/P 13BB/2/P 23P G>P 1?=0GEF80<3P<MAG82?P 3EP </P
8>4</=/08<82/2P23<PH/@?BP,-
P%/P1?@/P13BB/2/P/E36GB/PAG3P7/I/P3AG8<80B9?P3>FB3P
3<P<MAG82?PIP3<PH/@?B
P G/>2?PE3P8>FB?2G13PG>/P4G3>F3P23P86>818O>P3>P3<P3E@/18?P
13BB/2?P 23<P H/@?BP E?0B3P </P EG@3B48183P <NAG82/P E3P ?0E3BH/P G>P 4</=/J?P AG3P E3P
@B?@/6/P @?BP </P =3J1</P 1?>EG=83>2?P =?=3>FK>3/=3>F3P F?2?P 3<P H/@?BP 23<P
1?=0GEF80<3P %/P 23F3C=8>/18O>P E3P @G323P 7/13BP 3>P 3<P @/B/F?P (3>E;IP
&/CF3>E
P )3P 2303P F3>3BP 3>P 1G3>F/P AG3P 3<P @G>F?P 23P 8>4</=/18O>P 28E=8>GI3P /P
=3282/PAG3P28E=8>GI3P</P@B3E8O>P/F=?E4LB81/P3EF3P3EP3<P1/E?P3>P<?EPF/>AG3EP23P
1?=0GEF80<3P23P<?EP/H8?>3EP
!<P @G>F?P 23P 8>4</=/18O>P 1?@/P /083D/P 23P G>P 1?=0GEF80<3P <MAG82?P E3P
<MAG82?P/P</P1G/<PE3P?0E3BH/PG>P4</=/J?P/<P@?>3BPG>/P4G3>F3P23P86>818O>P/<P0?B23P
)*3K >*(.<.*9@*K %;);K *4K C&<;>K )*3K (;8'B?@.'3*K )*9@>;K )*K 3;?K 4I8.@*?K )*K
.9+4&8&'.4.)&)K ?*K (;9?B8*K 8;8*9@G9*&8*9@*K EK 4&K 33&8&K 9;K )B>& K ?@&K
)*@*>8.9&(.J9K?*K-&(*K*9K*3K&<&>&@;K3*C*3&9)K;<&K'.*>@&K
K#B9@;K)*K;8'B?@.J9K
3K<B9@;K)*K(;8'B?@.J9K)*KB9K3I=B.);K?*K)*@*>8.9&K9;>8&38*9@*K*9KB9K
&<&>&@;K (;<&K &'.*>@&K (;8;K *3K <&>&@;K 3*C*3&9)K ;<&K '.*>@&K ?K 3&K8*9;>K
@*8<*>&@B>&K )*K B9&K 8&?&K)*K 3I=B.);K &K 3&K(B&4K3&K .,9.(.J9K)*K 3;?KC&<;>*?K)*3K
(;8'B?@.'3*K *?K ?*,B.)&K <;>K 4&K (;8'B?@.J9K (;9@.9B&K )*3K 3I=B.);
K ;8;K >*,3&K
,*9*>&3K <B9@;K )*K .9+4&8&(.J9K (;<&K (*>>&)&K K <B9@;K )*K .9+4&8&(.J9K (;<&K
&'.*>@&KK<B9@;K)*K(;8'B?@.J9K#&>&K*3K9)*(&9;K*?@&?K@*8<*>&@B>&?K?;9K K
$ KEK K>*?<*(@.C&8*9@*K
KK3&K@*8<*>&@B>&K)*K(;8'B?@.J9K;K?B<*>.;>K
3;?KC&<;>*?K?*K*?@G9K,*9*>&9);K&KB9&KC*3;(.)&)K=B*K<B*)*K?;?@*9*>K4&K33&8&
K
#&>&K3;?K(;8'B?@.'3*?K @I<.(;?K 5&KC*4;(.)&)K8I9.8&K)*KC&<;>.F&(.J9K>*=B*>.)&K
<&>&K?;?@*9*>K3&K(;8'B?@.J9K*?K)*4K;>)*9K)*K3;?K,8?
*'*K *9+&@.F&>?*K =B*K ?.K -&EK B9&K +B*9@*K )*K .,9.(.J9K <>*?*9@*K 3;?K
.9(*9).;?K ?*K <B*)*9K <>;<&,&>K ?;'>*K 3I=B.);?K (BE&?K @*8<*>&@B>&?K *?@H9K
(;9?.)*>&'6*8*9@*K<;>K)*'&2;K)*K?B?K<B9@;?K)*K.9+7&8&(.J9K9K@&4*?K(&?;?K3&K
+B*9@*K)*K.,9.(.J9K;K*3K.9(*9).;K8.?8;K(&3.*9@&9K3;(&38*9@*K3&K?B<*>+.(.*K)*3K
3I=B.);K )*K 8&9*>&K =B*K ?BK @*8<*>&@B>&K ?*K *3*C&K <;>K *9(.8&K )*7K <B9@;K )*K
(;8'B?@.J9
K "&?K 33&8&?K ?*K <B*)*9K *DA*9)*>K *9@;9(*?K ?;'>*K 4&K ?B<*>+.(.*K
&EB)&)&?K<;>K3&?K(;>>.*9A*?K,*9*>&)&?K<;>K3&K@*9?.J9K?B<*>+.(.&3K
9KB9K.9(*9).;K?*K<B*)*9K.)*9@.+/(&>K(B&@>;K*@&<&?K
K!,9.(.J9K
"&K <>.8*>&K *@&<&K )*K B9K +B*,;K *?K 3&K .,9.(/J9
K B&9);K *7K ;DI,*:;K EK *3K
(;8'B?@.'3*K *?@G9K <>*?*9@*?K *9K (&9@.)&)*?K ?B+0(.*9@*?K EK (;9K 3&K <>;<;>(1J9K
&)*(B&)&K 3&K.9@>;)B((.J9K)*KB9&K+B*9@*K)*K.,9.(.J9K<>;)B(*K*3K.9.(0;K)*4K<>;(*?;K
)*K (;8'B?@.J9K "&K +B*9@*K )*K .,9.(.J9K *?K AI<.(&8*9@*K B9&K +B*9@*K )*K
/7: 738/$=5#7N $/N =:*D5'>/7N #$/N &>$'7N /N /7:N '$5$:#7N 87:N /N *'5* *K5N <$N
8>$#$N#*@*#*:N$5N >=:7N =$'7:H<N
5$:'HN>H3* N
5$:'HN/F =:* N
5$:'HN$ D5* N
5$:'HN> /$:N
M 6%;(IN ?I4+!
N N $5$:'HN 9>H3* N $<N >5N &7:3N #$N $5$:'HN 87=$5 */
N
$5$:'HN =F:3* N $<N 0N $5$:'HN '$5$:#N #>:5=$N >5N :$ *K5N 9>H3* N 5N ':5N
$.$38/7N#$N$5$:'HN9>H3* N$<N >5#7N>5N=>7N#$N#*53*=N$A8/7=N2N37/F >/N#$N
N$<N 75@$:=*#N $5N '>N #*KA*#7N#$N :757N BN 375KA*#7N#$N :757N > )7<N
/C7<N <$N :738$5N BN /N $5$:'HN 9>$N 35=$5HN $<=7<N /C7<N >5*#7<N 8:7@$$N /N$5$:'HN
5$ $<:*N8:N :$:N/7<N5>$@7<N/C7<N7#N/N$5$:'HN9>$N<7:N$<N/7N9>$N@$37<N$5N
&7:3N#$N$A8/7<*K5N
M 6%;(IN 0G";+!
/N $5$:'HN =F:3* N <$N 8:7#> $N >5#7N >5N 7::*$5=$N &/>B$N
=:@F<N #$N >5N 75#> =7:N <=7N *5 />B$N $/N /7:N 8:7@$5*$5=$N #$N *: >*=7<N $/F =:* 7<N
:$<*<=$5 *N : 7<N BN 7=:7<N $5$:'HN $<=D=* N BN :$/D38'7<N 2<N &>$5=$<N #$N /7:N
8>$#$5N<$:N
/$5=3*$5=7N87:N:$<*<=$5 *N$/F =:* N
/$5=3*$5=7N#*$/F =:* 7N
/$5=3*$5=7N87:N*5#> -K5N
/$5=3*$5=7N87:N&>'N#$N 7::*$5=$N$/F =:* N
M 6%;(IN %!E6+!
N /N /7:N '$5$:#7N 3$ D5* 3$5=$N $<N :$<875</$N #$N >5
5L3$:7N*387:=5=$N#$N*5 $5#*7<N=7#7<N/7<NJ7<N/N /7:N87:N&:* *K5N$<N$/N ><5=$N
#$N/N3B7:HN#$N$<=7<N*5 $5#*7<N>59>$N)BN>57<N87 7<N <7<N57=/$<N#$N*'5* *K5N
87:N/N$5$:'HN3$ D5* N/*$:#N87:N/N 738:$<*K5N
/7:N87:N&:* *K5N87:N$.$38/7N$1N /$5=3*$5=7N87:N&:* ,K5N$<N$/N ><#7
87:N/N&:* *K5N#$N>5N 7::$N9>$N<$N:$</N 75=:N>5N87/$
)*<8<N 87:N &:* *K5
N *5 />B$5N )*<8<N :$<>/=5=$<N #$/N *38 =7N #$N #7<
<>8$:&* *$<N#>:<
"&)6'&)6&$')*4%6*6"6(,6&,))6%6"&*6$&+&)*6*"6%6"&*6(,6"6
"&)66&$')*4%6"$%6"6%*66%4%6'&)6*'6
5
#6%)36%,")6&6%)36+4$6*6"6%)36(,6*6")
6 #6 ')%'"6 )+)3*+6 6 *+6 +'&6 6 %)36 *6 "6 "+6 "6 6 "6
%)36 (,6 ',6 ')&,)*6 '&)6,%6 6 $*66 $+)"6 ,+"0&6 %6
&$')4%6&%6,"(,)6&+)&6+'&66%)36&%&6'&)6"6*)6,$%&6
,)6 6*4%6/6,*4%6%,")6
*6,%+*66%4%6+3'*6%",/%6+)!&*6%6"%+6%)36*+1+6
&)+&6 ),+&*6 /6 "%+$%+&6 *'&%+1%&6 #&*6 +)!&*6 %6 "%+6 %6
)"0)*6!&6')&$%+&*6*+"&*6/6&%6')$*&*66+)!&6%6"6",) 6
#6
*6"6)*,"+&66"6,$,"4%66)*6"2+)*6(,6
*6')&,6%6$+)"*6(,6*6%,%+)%6%6&%++&63*& 6 %+)6""&*6.*+)16
,%6+)%*)%66 "+)&%*6 (,6 ,*)16 ,%6 ,)06 6 +)4% 6 ,%&6 "&*6
,)'&*6 *&%6 *')&*6 *6 )"0)16 ,%6 +)!&6 %6 &'&*4%6 6 "6 ,)06 +)+- 6
*+6+)!&6&6%)36*+6)')6&$&6,%6)%66-&"+!6%+)6"&*6
&*6 ,)'&*
6 *+6 )% 6 *6 $%*+6 &$&6 ,%6 *'6 &)6 *+6 )04%6 *6
$'&)+%+6&%+)6&%6',*+*66+))*6,%&6*6*'%*6"3(,&*6%"$"*6
]
#2A2H+=?2AL2]=+]85A8.8ZA]EHCPC.+0+]02]NA+]?2S.=+]02]NA]5+K]C]P+ECH]R]+8H2]
2K]+42.L+0+]ECH]=+].C?ECK8.8ZA]P2H]L+-=+]]EH2K8ZA]+?-82AL+=]R]08?2AK8CA2K]02=]
.CAL2A20CH]=C]?8K?C]GN2]ECH]=+]A+LNH+=2S+]R]2A2H5Y+]02]=+]4N2AL2
]%+H+]NA+]?2S.=+]
02L2H?8A+0+]02].C?-NKL8-=2]R]+8H2] 7+R]NA+]EH2K8ZA]?YA8?+]ECH]02-+<C]02]=+].N+=]
AC]C.NHH2]=+]85A8.8ZA
]]?2080+]GN2]+N?2AL+]=+]L2?E2H+LNH+]K2]H2GN82H2]?2ACK]R]
?2ACK] 2A2H5Y+] 2QL2HA+] E+H+] 8A.2A08+H] =+] ?2S.=+] 7+KL+] GN2] +] NA+] L2?E2H+LNH+]
KN48.82AL2?2AL2]+>L+]=+]?2S.=+]K2]8A.2A08+]2KECALVA2+?2AL2] !KL+]L2?E2H+LNH+]K2]
.CAC.2].C?C]L2?E2H+LNH+]02]+NLC85A8.8ZA]C]85A8.8ZA]2KECALVA2+]$'
]
'+-=+]]'2?E2H+LNH+]02]+NLC 85A8.8ZA]P2HKNK].C?ECK8.8ZA]+8H2EHCE+AC]
(3@F3I,MOI,]13]OMD
13]&JDF,BD]
96B:/:[B]
!A]2=]+8H2] T"] U ]
] ] ]
] ] ]
] ] ]
]%HCE+5+.8ZA]02=]"N25C]
%+H+]GN2]NA]4N25C]K2]EHCE+5N2]=N25C]02]=+]85A8.8ZA]K2]H2GN82H2]02]NA]-+=+A.2]
ECK8L8PC]02].+=CH]R]H2LHC+=8?2AL+.8ZA]LWH?8.+] N+=GN82H]8A.2A08C]02-2]52A2H+H]?VK]
.+=CH]02=]GN2]E82H02])*]
J
+%1=9<J%/J'>%(3J!9%!%J*BJ#3<J66%/%<J8>%J/J9%=93/+0%1=!+H1J#%J%1%9(FJ
=E90+!J#% %J!>06/+9JJ69+0%9J%<J01=%1%9J/J693#>!!+H1J#%J(<%<J!30 ><=+ /%<J
%1J /J <>6%9'+!+%J #%J 8>%0#3J J <%(>1#J %<J !/%1=9J %/J !30 ><=+ /%J 8>%J <%J
%1!>%1=9J/9%#%#39J*<=J693#>!+9J@639%<J8>%J63#9D1J<%(>+9J8>%0D1#3<% J
+(>9J J91<'%9%1!+J#%J!/39J639J!31#>!!+H1J
4 :57)",I2J"52J52A&"",I2J%<J%/J693!%<3J#%J=91<0+<+H1J#%J!/39JJ=9@E<J#%
03@+0+%1=3<J#%/J +9%J #% +#3<J J#+'%9%1!+J #%J#%1<+##J /J +9%J !/+%1=%J6%<
0%13<JBJ 639J/3J=1=3J <%J%1!31=99DJ %1J /3<J1+@%/%<J0D<J/=3<J0+%1=9<J8>%J%/
+9%J'9G3J%1J/3<J1+@%/%<J0D<J .3<J<=3J6>%#%J693@3!9J>1J9D6+#J6936(!+H1
U
-;U F-;G2+=U I-CG2)&7U G&;G=U +-U )&7=CU )=:=U +-U 1H:=U @H+2-;+=U F-CU -FG-U S7G2:=U
2;)7HF=U:MFU@-72/C=F=U@&C&U7&UI2+&U1H:&;&UBH-U-7U@C=@2=U.H-/= U
&U )=;I-))2Q;U F-U )&C&)G-C2L&U @=CBH-U F-U @C=+H)-U @=CU 2;G-C:-+2=U +-U H;U
.7H2+=U 7OBH2+=U =U /&FU BH-U GC&;F@=CG&U -7U )&7=CU -;GC-U L=;&FU )=;U +2.-C-;G-FU
G-:@-C&GHC&F
U "-U 2;)7HK-U G&:(2N;U -7U 2;G-C)&:(2=U +-U -;-C/O&U -;GC-U H;&U
FH@-C.5)2-U FQ72+&UKUH;U.7H2+=U=U@=CU:-+2=U +-UH;&U (=:(&U H;U I-;G27&+=CUHU=GC=U
+2F@=F2G2I=U:-)M;2)=U)=;I-))2Q;U:-)M;2)&U.=CL&+&U=U&F2FG2+& U
> D?A'0'*3R<U A?EU !',3'*3R<U &U +2.-C-;)2&U BH-U -;U 7=FU )&F=FU &;G-C2=C-FU -;U 7&
@C=@&/&)2Q;U @=CU C&+2&)2Q;U ;=U F-U ;-)-F2G&U 7&U @C-F-;)4&U +-U :&G-C2&U F-U C-&72L&
+-F+-U 7=FU )H-C@=FU )&72-;G-FU @=CU C&+2&)2=;-FU -7-)GC=:&/;NG2)&FU =;+&FU =
@&CGO)H7&FUFH(&GQ:2)&FU &U;=U@C-F-;)2&U+-U :&G-C2&U @-C:2G-U&8)&;L&CU/C&;+-F
+2FG&;)2&FU-;U)H&8BH2-CU+2C-))2Q;UKU-;U7P;-&UC-)G&U+-F+-U -7U.=)=U+-U-:2F2Q; U 7
)&7=CU+-7UF=8U-FU-7U-6-:@7=U:MFUF2/;2.2)&G2I=U+-UC&+2&)2Q;UGNC:2)&UU+2.-C-;)2&U+-
7&U)=;+H))2Q;UKU)=;I-))2Q;U7&UC&+2&)2Q;U-FU7&UT;2)&UBH-U@H-+-UGC&;F.-C2CF-U-;U-7
I&)O=$%
U;)-;+2=U-;U-FG&+=U-FG&)2=;&C2=U "G-&+K"G&G-HC;2;/U
H&;+=UFH.5)2-;G-U)&7=CU-FGMUF2-;+=U/-;-C&+=U-7U:&G-C2&7U&7)&;L&UH;U-FG&+=U
-FG&)2=;&C2= U ;U H;U )H&CG=U =U )=:@&CG2:2-;G=U H;&U )=;+2)2Q;U )=;=)2+&U )=:=U
.7&F1=I-CU @H-+-U =)HCC2CU &7U :2F:=U G2-:@=U$%
U 7U 7&F1=I-CU =)HCC-U )H&;+=U G=+=U -7U
:&G-C2&7U )=:(HFG2(8-U F-U 1&U)&7-;G&+=U&UFHU@H;G=U+-U2/;2)2Q;U+-UG&7U.=C:&UBH-UF-U
-;)2-;+-UF2:H8GM;-&:-;G- U
U#-C:2;&)2Q;U=UJG2;)2Q;U+-7UH-/=U
7U2;)-;+2=U@H-+-UG-C:2;&CF-U+-U+=FU.=C:&FU9U"-U1&U&)&(&+=U-7U)=:(HFG2(7-U
= U 7U .H-/=U -FU )=:(&G2+=U )=;U :-+2=FU -JG2;G=C-FU +2)2=;&8:-;G-U &7/H;=F
)=;F2+-C&;U H;U G-C)-CU :NG=+=U )H&;+=U -7U 2;)-;+2=U 1&U HF&+=U G=+=U -7U =JO/-;=U
+2F@=;2(7-U -;U H;U )H&CG=U -JG2;/H2N;+=F-U @=CU FPU F=7= U FG=U )=;FG2GH2CO&U H;U C-)2;G=U
1-C:NG2)=U)=;UH;&U)&;G2+&+U72:2G&+&U+-U&2C-U$%U
&U G-C:2;&)2Q;U -FU H;&U-G&@&U 2;1-C-;G-U &7U @C=)-F=U )=:@7-G=U KU -FU 7&U T7G2:&U
-G&@&UF2;U-:(&C/=U8&U-JG2;)2Q;UF-U@H-+-U&@72)&CU-;U)H&7BH2-CU-G&@& U
C
C0%5!2C 17%C+.5C%+%,%-6.5C17%C #.,0.-%-C%+C &7%'.C 5.-C 5)%,02%C +.5C ,)5,.5C >56%C
!$17)%2%C #!2!#6%2?56)#!5C 57"56!-#)!+,%-6%C $)&%2%-6%5C 5%'B-C %+C #.,"756)"+%C 17%C 5%C
17%,!CC
%'B-C+!C5.#)!#)A-C !#).-!+C$%C2.6%##)A-C .-62!C%+C 7%'.C C+.5C&7%'.5C5%C
#+!5)&)#!-C$%C+!C5)'7)%-6%C&.2,!
C
/ 7%'.C +!5%C C .-C )-#%-$).5C %-C +.5C 17%C )-6%29)%-%-C +?17)$.5C#.,"756)"+%5C .
)-&+!,!"+%5C '!5%5C )-&+!,!"+%5C ;C '2!5!5C .C ,!6%2)!+%5C 5),)+!2%5C .2C %*%,0+.
C '!5.+)-!C
!+#.(.+C$)5.+8%-6%5C0)-673!5C"!2-)#%5C02.0!-.C;C"76!-.C
/ 7%'.C +!5%C
C .-C &7%'.5C 17%C )-8.+7#2!-C %17)0.C %+>#62)#.C %-%2')<!$.C #.,.
,.6.2%5C%+>#62)#.5C62!-5&.2,!$.2%5C;C!0!2!6.5C%+>#62)#.5C +),)-%C+!C#.22)%-6%C%+>#62)#!C
;C%+C&7%'.C0.$2=C62!6!25%C#.,.C#+!5%CC.CC
/ 7%'.C+!5%CC.5C&7%'.5C#+!5%CC5.-C+.5C17%C5%C02.$7#%-C%-C0.+8.5C.C8)376!5C$%
!+%!#).-%5C$%C,%6!+%5C+)8)!-.5C#.,.C!+7,)-).C,!'-%5).C%6#C
-C+?17)$.C)-&+!,!"+%C5)%,02%C%56=C#7")%26.C#.-C7-!C#!0!C$%C575C8!0.2%5C7!-$.C
%+C 8!0.2C %-62!C %-C #.-6!#6.C #.-C 7-!C #!-6)$!$C !$%#7!$!C $%C .:?'%-.C ;C 7-!C &7%-6%C $%C
)'-)#)A-C%5C>56%C8!0.2C%+C17%C5%C17%,!C,!5C-.C%+C+?17)$.C
7!-$.C5%C62!6!C#.-C+?17)$.5C)-&+!,!"+%5C7-!C$%C+!5C02.0)%$!$%5C#2?6)#!5C%5C%+C07-6.C
$%C)-&+!,!#)A-C+C07-6.C$%C)-&+!,!#)A-C%56=C2%&%2)$.C!C+!C6%,0%2!672!C,!5C"!*!C!C+!C#7!+C
%+C+@17)$.C%,)6%C57&)#)%-6%C#!-6)$!$C$%C8!0.2C0!2!C&.3,!2C7-!C,%<#+!C)-&+!,!"+%C#.-C%+C
!)2%C C+C07-6.C$%C)-&+!,!#)A-C8!2?!C#.-C+!C04%5)A-C;C+!C#!-6)$!$C$%C.:?'%-.C$%+C!)2%
C
r
579K7r$K7\EAE;7;ElRr=?rKkXaE=T\r+RAK7P79K?\rer$TP9a\^E9K?\r=?r7;a?Y=Tr7r/)1"rr
2bS_Ur>@r
%M8]@r ,SB8Q8<FmSr
<UV8r 2bS_Ur>@r@:bLLF<FnSr
<@Z[8>8r
+#r !r )r $r N00)r $r
'r r)r $r
+$r
qr !rN00)r
4 $r
rN00)r4 $r
!r)rg $r
r)r
$r
+++"r
!r )r $r
'r
qr
r)rh $r
r,S<@S>FUr_FVUr2F]<FS8
2UUMr*FZ@r
(\^?r;7\Tr?\r?Kr=?raRrER;?R=ETrWYT=a;E=Tr?RraRriY?7r79E?Y^7rRTrWY?\aYEf7=7
r
7
.kXaE=Tr=?YY7P7=Tr?RraRriY?7rPi\rTrP?RT\r?d^?R\7
9
3?;EWE?R^?r79E?Y^Tr\ERr^?;DTrTr7rWY?\ElRr7^PT\AjYE;7
(RrAaR;ElRr=?rK7rY7=E7;ElRr?PE^E=7r K7\riY?7\rc?;ER7\r7R^?r?Kr=?\7YYTLKTr=?raRTr=?r
?\^T\r?c?R^T\rWa?=?Rr\E^a7Y\?r=?R^YTr=?rKT\r\ECaE?R^?\r ?\;?R7YET\r
4.4aQ4B4IN4a4Ba0S4BQ,aHS4a4Ba=,aI4,=92,2aFDIa4640QDNa24=aU94BQDa=,a29NQI9.S09]Ba24a
=,a9BQ4BN92,2a24=a0,=DIaI,29,BQ4aBDaQDA,a=,a6DIA,a24a4N64I,aN9BDaA,Na.94BaSB,aF,I4092,a,a
SB,a4=9FN4a0DBaNSa4<4aFI9B09F,=a4Ba=,a29I4009]Ba24=aU94BQDa
DADa BDa 4Na FDN9.=4a FI42409Ia HS[a 29I4009]Ba Q4B2IZa 4>a U94BQDa 4Ba 4=a ADA4BQDa 24a
D0SII9IaSBaN9B94NQIDaN4aQDA,a=,a4BUD=U4BQ4a24a=,Na 4>9FN4Na A4B09DB,2,NaXa4==,a6DIA,a>DNa
0\I0S>DNa9B290,2DNa4Ba=,Na7IZ690,NaXaHS4a4B094IM,aQDQ,>A4BQ4a>,NaZJ4,Na0DAFIDA4Q92,N a
a#C15C3;Ea35a5/T??;1;^Ca35O/EK3-CR5a E;?EV5LaYa)?EGEV5Ka
a'4.DN,A94BQDaFDIa4.S==909]BaD9>%U4Ia
=aQ[IA9BDaD9=%U4IaN9IU4aF,I,a24N0I9.9IaSBa64B]A4BDaHS4aFS424aFID2S09IN4a
4NFDBQZB4,A4BQ4a2SI,BQ4a4=a9B04B29Da24aSBa 24F]N9QDa,.94IQDa U4Ia697SI,aa HS4a
0DBQ4B7,a 094IQDNa Q9FDNa 24a ,049Q4Na A9B4I,=4Na 0IS2DN
a N\a NS0424a FDIa 4<4AF@Da
0S,B2Da 4=a Q408Da 24=a 24F]N9QDa 8,a N92Da UD=,2Da FDIa SB,a 4WF=DP9]Ba 74B4I,=A4BQ4a
0,SN,2,a FDIa SBa I,XDa 4NFS[Na 24a SBa =,I7Da F4I\D2Da 24a 0DA.SNQ9]Ba QI,BHS9=,a N4a
FID2S04aSBaN_.9QDaI4.DN,A94BQDaDa4X4009]Ba24aSB,aF,IQ4a24a=DNa0IS2DNaI4N92S,=4Na
HS4a 0DBQ94B4a 4=a 24F]N9QDa 0SX,a 0,SN,a 4Na =,a 4.S==909]Ba 24=a ,7S,a HS4a 6DIA,a SB,a
#7390B "#B 3#86A-#2B <B :326B 49#B 7#B #;31"#B 6>3("0#18#B B #7390!(A1B
362"9!("B#7B!217#!9#1!(B"#B-B36#7#1!(B "#B-7B86#7B!21"(!(21#7B7(&9(#18#7B 49#B
"# #1B#;(78(6B7(09-8>1#0#18#B36B49#B8#1&B-9&6B"(!'2B$#1A0#12BB
(
: : '.0&:
#: 8: *3+1: 5:
$:9):6 %/:
:*-$7:
!::$,:
2 4":
(&96BB1!#1"(2B(32B)7!(1B#1B-B793#6$(!(#B"#-B8149#B
+ (+ $+
) +++!+
+
+ %+ + +
+ + +
+ +
'"&#+ +
*+
,(0
($*($00%(0&%(0%$,/$0.0%$-/$0
0+00%$+$(0,$0$+0*,$+00&(%,+%*0&*%*0&(0',
*0&,0%(#(0,$0*&,#0&(**+$+00+0.0-&%(0-(0,(0
3H+
HHH4&0H-'H H=H
H: 9;DH?2EH
A.HGH ,H#@HCBFH
5*(H H )%H /1>H H
6
8"H7H<$!H
$0 &+(/ %0 (,%0 ',0 $%(&%(0 (%$*0 #,.0 !-$*0 %#%0 0 *%$0 %0
I
&'>?+/#%+H8I <@'I +8&+<@'I %/#=#6'8?'I 6'D%/#I &'I (=#%%+:8'>I 6@CI /+A+#8#>I CI ;'>#&#>I
;@'&'I>'=I@8I+8&+%+:I&'I?'8&'8%+#I#/I$:+/:A'=I
I'$:>#6+'8?:I@;'=(-%+#0I /:;A'=I
>?'I &'==#6'I ;@'&'I ;=:&@%+=>'I %@#8&:I >'I #;/+%#I @8I %*:==:I &'I #)@#I #I /#I
>@;'=(+%+'I%#/+'8?'I&'/I#%'+?'I+8%'8&+#&:I>+'6;='ICI%@#8&:I'/I#%'+?'I>'#IA+>%:>:ICI
>@I ?'6;'=#?@=#I >@;'='I /#I &'/I ;@8?:I &'I '$@0/+%+H8I &'/I #)@#I @'>?:I <@'I '8I '>?'I
('8H6'8:I >:/#6'8?'I ;#=?+%+;#I '/I #%'+?'I >@;'=(+%+#1I '/I >@%'>:I '>I &'I +6;:=?#8%+#I
='/#?+A#I
8#I'B;/:>+H8I;@'&'I%:8>+&'=#=>'I%:6:I/#I/+$'=#%+H8IA+:/'8?#I&'I@8I)#>I#I#/?#I
;='>+H8 I >?'I '('%?:I ;@'&'I >'=I %#@>#&:I;:=I %#6$+:>I<@G6+%:>I:I (G>+%:>I CI /#I>'A'=+&#&I
'>?EI'8I(@8%+H8I&'I /#IA'/:%+&#&ICI/#I%#8?+&#&I&'I'8'=)G#I/+$'=#&#I!
"
I I%:8?+8@#%+H8I>'I
&'>%=+$'I#/)@8:>I?+;:>I&'I'B;/:>+H8I
2'(/#)=#%+H8I
@'&'I>'=I&'(+8+&#I%:6:I@8I+8%'8&+:I'8I'/I%@#/I/#IA'/:%+&#&I&'I;=:;#)#%+H8I
&'I/#I//#6#I'>I 6'8:=I #I /#IA'/:%+&#&I&'/I >:8+&:I I 6>I #I&'(0#)=#%+H8I'>I@8#I
'B;/:>+H8I '8I /#I %@#/I /#I >:$=';='>+H8I '>I %#@>#&#I ;:=I /#I %:6$@>?+H8I &'I )#>'>I
+8(/#6#$/'>I:I;:/A:>I<@'I>'I'8%@'8?=#8I&+>;'=>:>I
I'?:8#%+H8I
8#I&'?:8#%+H8I'>I@8#I'B;/:>+H8I'8I0#I<@'I/#IA'/:%+&#&I&'I;=:;#)#%+H8I&'I/#I
0/#6#I'>I6#C:=I#I0#IA'/:%+&#&I&'0I>:8+&:I8I@8#I&'?:8#%+H8I'/I(='8?'I&'I//#7#IA+#.#I
%:6:I@8#I:8&#I&'I%*:<@'I>')@+&#I&'I@8#I:8&#I&'I %:6$@>?+H8I<@'I/+$'=#I'8'=)G#I
;#=#I 6#8?'8'=I /#I :8&#I &'I %*:<@'
I #>I &'?:8#%+:8'>I :%@=='8I >:/:I '9I )#>'>I
+8(/#6#$0'>I
IB;/:>+H8I;:=I/#I'B;#8>+H8I&'3IA#;:=I&'I@8I/G<@+&:I'8I'$@4/+%+H8I
#6$+F8I %:8:%+&#I %:6:I I ;:=I >@>I >+)/#>I '8I +8)/F>I
:+/+8)5+<@+&B;#8&+8) #;:=B;4:>+:8I:6:I>@I&'(,8+%+H8I+8&+%#I>'I;='%+>#I&'I@8I
>
*>!'>/+>!>'+/>#/!/>'%1 +/>/!>,1!!>!%.>-1!>'>1)!*0.>'>,.!/%<*>
,.')!*.'+/> /!> 1)!*0> /1> ,1*0+> !> !1''%%<*> %> /!> .!1!> '> ,.!/%<*> >
,.!/%<*>0)+/":.%> 0+>'>"/!> ';-1%>,/.8> >3,+.> >0!),!.01.>)%!*0!
>
+.>0*0+>/!.;>1*>';-1%+>/+.!'!*0+>
%> > !/0+/> #/!/> '%1+/> /!> '!/> ,'%> '+.> 1)!*0.8> '> ,.!/%<*> !> '>
"/!#/!+/> '+> 1'> /!> 0.1!> !*> 1*> 1)!*0+> !> '> ,.!/%<*> !'> ';-1%+> +)+>
+*/!1!*%>!'>,1*0+>!>!1''%%<*>!>'>"/!>';-1%>1)!*0.8> /0!>;.1'+>/!>
)*0!*.8!/0'!> /%!),.!> -1!> !'> .!%,%!*0!> /!> ,6> !> )*0!*!.> /1>
!/0*-1!%>+>/1>.!/%/0!*%>)!9*%>
.>-1!>/!>,.+16>'>>!/>*!!/.%>1*>&>.1/>!>'>,.!/%<*>
!'>.!%,%!*0!> /0>&>.1/>/!>,1!!> .>!>%"!.!*0!/>)*!./>"('+>!>'>
.!/%/0!*%>)!9*%>!'>.!%,%!*0!>,+.>1*>#+',!> "''+>!>.!/%/0!*%>)!8*%>,+.>
'!*0)%!*0+> !4!/%3+> !'> )!0'> +> %*'1/+> ,+.> '> ,!.01.> !> 1*> 38'31'>
/+.!%)!*/%+*> -1!> '%!.!> %*+*0.+')!*0!> 1*> *0%> !4!/%3> !>
,.!/%<*>
=!0+=
%= .!0+= 0= 2*= 3*1+= !*!.1+= !*0%= !(,.3!01+= = !*3+%2*1.!+= %=
20.=,9.!0=5 +=;+0=
,9.!0 =
=7.== 2+=
= !*= +(+= 8.= = 2+= = %= !!!<*= += +*$2*1+= = !!!+*0=
*1.+= = 2*= ,.!+= -2= 0.:*= 10= ,+.= %= %+.= .!*1= ,.+21+= = 2*=
!**!+=
&3%2!<*=%=.!0+
.= ,+.= 3%2.= 2*= .!0+= %+= ,.!(.+= -2= 0= = 0= !*0,!+*.= %=
,%*1=,.=,+.=!*1!!.=%+0=++0==;+=0=,+.=0+=-2=0=*0.!+=+*+.=
%= 2!!<*= = %= ,%*1= %+0= ,.+0+0= -2= 0= .%!6*= %= 1!,+= = (1.!%0=
%(*+0= 5= %= 1!,+= = 1!3!= -2= 0..+%%*= %+0= 3!*+0= <%+= %=
,+1*!%0= = .!0+0= !*1/*+0= -2= *.*1.8= %= ,%*1= = %(*(!*1+= =
%:-2!+0=!*%(%0=
=.0*1!<*=%=.!0+=
=,%*1==%(*(!*1+==%:-2!+0!*'(%0=2*1=+*=+0=1",+0==
!%$)2
+(2
2
!#0$22($!2 *$'+)2
%(2%*(%2!%2*#0$2-)*2+$2"#0$22!$(%)2 ,(2+(2
2
!%$)2&/2 2 !#$(2 +$)2 '+2 ()+!*2 $2 +$2 &2 2
!%$)22*!2
#+)*(2!2)*(+1$22!%)2*$'+)2&%(2'+)2
+(2
!#0$22!$(%)2
C
!-
-2 "%3 2(%3:4C#%C1B6<(#49C(3&- 2 !-%9C
5 "(# #C 4: -C547C
(54C#%C
(6<%C 36<%C 42(3 -C !-46<%C
36<%C
-43%9C -43%9C
C 47(?43: -C
C
C 47(?43: -C
C
C 47(?43: -C
C
C
C %7:(" -C
C
C %7:(" -C
C
C %7:(" -C
C
C %7:(" -C
C
C %7:(" -C
C
C %7:(" -C
C
C %7:(" -C
C
C
C %7:(" -C
C
C %7:(" .C
C
C %7:(" -C
C
C %7:+" -C
C
C %7;)" -C
C
C
C 47(?43: -C
C
C %8:," -C
C
(/(3#749C=CC
-2 "A3C $%C"*-*3#849C C
' .43%9C
)Ng I8g Y8:I8g g W@g L[@WYU8Ng @Ig IFWY8>Qg >@g IQWg SUFN;FS8I@Wg SUQ>[;YQWg
8IL8;@N8>QW"g8Wcg;QLQgW[WgS[NYQWg>@gFNBI8L8;FeNg_gS@IFDUQWg8WQ;F8>QWg
48:I8g1[NYQg>@g,NBI8L8;FeNg>@gIcT[F>QWgFNBI8L8:I@Wg8gg8YLeWB@U8g
2\OZRg?Ag
'AOXG?9?g 2AJGEVRXg9XR<G9?RXg9gJ9Xg
2VR?\=Rg -OC9M9<GfOg
E<Mg X\XZ9O<G9Xg
a%g
+@^8NQg g
/@Y8NQIg g g
/@YFIg)YFIg&@YQN8g g
/@YFIgIWQ:[YFIg&@YQN8g g
*QUL8NgL@`;I8Wg@^SIQWF]8Wg
N
1UQS8NQ g g
;QNg@Ig8FU@g8gY@LS@U8Y[U8g
Ng 1UQSFIg#;@Y8YQg g g
8L:F@NY@g
4QI[@NQg g g
6FNFIg#;@Y8YQg
g
LQNeL@UQg
Q
7FI@NQ g g
#;@Y8YQg>@g)YFIQg g *QUL8gL@`;I8WgFNBI8L8:I@Wg_g
@^SIQWF]8Wg8gY@LS@U8Y[U8g
$[Y8NQg g g
8L:F@NY@g
*[@NY@ g0*1#g+QH8Wg>@g3@D[UF>8>g>@gL8Y@UF8I@WgS@IFDUQWQWgg 4U8>[;;FeNg>@Ig,NDIbWg
8Ig)WS8dQIg
)Ig]8IQUg>@;I8U8>Qg>@g[N8gSI8NY8g@Wg@Ig]8IQUg>@gY8W8;FeNgU@8IgQg]8IQUg;QL@U;F8Ig
]FD@NY@g.8gY8:I8ggL[@WYU8gIQWg]8IQU@WgS8U8gI8gSI8NY8!g
48:I8g68IQU@Wg(@;I8U8>QWg>@g1I8PY8g>@g#KL8;@N8LF@NYQg>@g.cT[F>QWg,NBI8L8:I@Wg
)>FBF;FQWg_g&QNY@NF>Qg 53g g
)T[FSQWg_g/8T[FN8UF8g 53g g
)^FWY@N;F8Wg 53g gg
.[;UQg&@W8NY@g 53g g
$S /AG2<S 0-SSS
%H492SA@GD2S#@46@5:AFS
%2S B<2@G2S 56S 2<?246@2?:6@GAS 4H6@G2S 4A@S 5:FG:@G2FS BDAG644:A@6FS 4A@GD2S
:@46@5:AFS :492FS BDAG644:A@6FS 56B6@56@S 56S <2S5:FBAF:4:R@S 56S 2=?246@2?:6@GAS K2S
F62@S G2@CH6FS AS 4:<:@5DAFS S 4A@G:@H24:R@S F6S ?H6FGD2S H@S D6FH?6@S 56S =2FS
BDAG644:A@6F
S
/2@CH6FS16EG:42<6FSKS"AD:MA@G2<6FS
!H6DA@S4A@FGDH:5AFSD6FB6G2@5AS<2FS@AD?2FS+#S -/(SLS)!+
J:FG6@S 4H2GDAS3<ACH6FS 5:I:5:5AFS BADS ?HDAFS 56S 4A@G6@4:R@S :CH6S #S :CH6
#S:CH6S#SKS:CH6S
&2FS3A?32FS56S4252SG2@CH6SF6S6@4H6@GD2@S7H6D2S56S<AFS?HDAFS56S4A@G6@4:R@
'2FS:@FG2<24:A@6FS6<O4GD:42FSFA@S56<SG:BAS#@5HFGD:2<
<S?2@G6@:?:6@GAS4A@F:FG6S6@SB:@G25ASKS42<:3D24:R@S4252SGD6FS2QAF
H6@G2S4A@S):GDR86@AS82F6AFASB2D2S<:?B:6M2SBADS42?3:AS56SBDA5H4GA
-R<AS 6<S G2@CH6S I6DG:42<S S H3:425AS 6@S :CH6S ##S 4H6@G2S 4A@S F:FG6?2S 56
6@7D:2?:6@GASBADS?65:AS56SDA4:25AD6FS6@S<2SB2DG6SFHB6D:AD
<?24O@S56S4:<:@5DAFS
)AS92KS:@FG2<24:A@6FS6<O4GD:42F
J:FG6S H@2S +6@5:6@G6S 56S S 6@S 42FAS 56S 56DD2?6S <AFS <PCH:5AFS 5D6@2@S 2S H@
56BRF:GASFH3G6DDN@6AS56S42B24;525S82<A@6F
-:FG6?2S56SDA4:25AD6FS4A@S6FBH?2S0<GD28H2D5S, !!!S
A?32SA@GD2S#@46@5:AFS
&2S3A?32SBD:@4:B2<S6FSH@2S?AGA3A?32S=:FG252S56S.**8B?S2SH@2SBD6F:R@S56S
>.*BF:SI6DS7:8HD2S
S6FG2S3A?32S4H?B<6S4A@S<2FS@AD?2FS)!+SSKS)!+SS
*(95"C
C20#"C2175"C1$&1%*26C
&%C$2175"C1$&1%*26C
-C6*67&0"C$2175"C*1$&1%*2C$9&17"C$21C91"C-?1&"C%&C%&6$"5("C%&CC39-("%"6C<C
6*5:&C 3"5"C "#"67&$&5C 91C )*%5"17&C <C &-C 6*67&0"C %&C 52$*"%25&6C "C 5&%C '9&C %*6&@"%"C
$903-*&1%2C$21C-26C&67=1%"5&6C%&C-"C C
C<CC C%*$*21"-0&17&C$9&17"1C
$21CC021*725&6C$"3"$&6C%&C"#"67&$&5C
(30C<C$21C("#*1&7&6C%&C)*%5"18&6C$21C
6"-*%"6C6*03-&6C&49*3"%"6C$21C0"1("C<C3+7A1C%&C%*=0&752C!C39-("%"6C<C6"-*%"6C%&C
%*=0&752CC!C39-("%"6C3"5"C#20#&526C"%&0=6C%&C6"-*%"6C&1C &C
*&1&1C91"C5&6&5:"C%&C&6390"CCC%*:*%*%2C&1C%26C7"149&6C%&C
C
<C C ("-21&6C 5&63&$7*:"0&17&C -C 7"149&C %&C
C ("-21&6C &67=C %&67*1"%2C "C -"6C
$=0"5"6C%&C.26C7"149&6C:&57,$"-&6C6&(B1C
C<C&-C7"149&C%&C C(".21&6C"C-26C
52$*"%25&6C%&C-"C1":&C%&C$*-+1%526C
90*1*6752C%&C(9"C
"C 3-"17"C $9&17"C $21C 91C 6*67&0"C $2175"C *1$&1%*26C $21C 91"C 5&6&5:"C %&C
0 %&C"(9"C-C690*1*6752C%&C"(9"C$903-&C$21C-"CCC
? 0#%0$)1@6)21@)5#)0!@
11-@)4%
? 92-15)>0@214@-!@%92!05)>0@$%-@8!214@$%@70@-=37)$1@%0@%"7--)#)>0@
@#106)07!#)>0@5%@24%#)5!@"!,1@37<@#)4#7056!0#)!5@5%@24%5%06!4=!@!-'701@$%@
-15@!##)$%06%5@/%0#)10!$15@%0@-=0%!5@!06%4)14%5@
0#%0$)1@%0@)37%@@
-@&!--!4@%-@)0$)#!$14@$%@0)8%-@ 4!$!4@ $%@70@6!037%@27%$%@1#744)4@70@$%44!/%@
$%@ -=37)$1@ $%0641@ $%-@ $)37%@ )@ %56%@ -=37)$1@ %064!4!@ %0@ #106!#61@ #10@ !-'70!@
)056!-!#)>0@%-<#64)#!@%0@/!-@%56!$1@:1@70!@572%4&*#)%@#!-)%06%@21$4=!@24181#!4@70@
&7%'1@6)21@ 2)5#)0!@ 11-@&)4%@ 15@%&%#615@ $%@%56%@&7%'1@510@ (7/15@51&1#!06%5@
10$!5@ $%@ 51"4%24%5)>0@:@ #!-14@ '%0%4!-/%06%@ 4!$)!06%
@ -@#!-14@ 4!$)!06%@$%@ %56%@
&7%'1@21$4=!@!-#!0;!4@-!5@;10!5@@ @%@)0#-751%-@!-/!#<0@$%@#)-)0$415@-@4)%5'1@5%@
!'4!8!@%0@%-@!-/!#<0@$%@#)-)0$415@:!@37%@%-@ #!-14@ 24181#!4=!@%-@#!-%06!/)%061@$%-@
-=37)$1@ $%0641@ $%@ -15@ #)-)0$415@ (!56!@ 57@ %"7--)#)>0@ #105%#7%06%/%06%@ -!@24%5)>0@
$%0641@$%@ -15@#)-)0$415@!7/%06!@:@#1/1@#105%#7%0#)!@5%@ 241$7#*4=!@%.@&%0>/%01@
#101#)$1@ 214@ 575@ 6<4/)015@ %0@ )0'.<5@ #1/1@ @
%92!05)>0@ $%-@ 8!214@ $%@ 70@
-=37)$1@%0@%"7--)#)>0@
0#%0$)1@%0@)37%@@
%@-!@/)5/!@&14/!@37%@%0@%-@$)37%@@!-@&!--!4@%-@4!$!4@$%@701@$%@-15@6!037%5@
21$4=!@1#744)4@70@$%44!/%@ $%@ -=37)$1@$%0641@$%-@ $*37%
@ )@%56%@-=37)$1@%064!4!@%0@
#106!#61@#10@!-'70!@)056!-!#)>0@%-<#64)#!@%0@/!-@%56!$1@:1@70!@572%4&)#)%@#!-)%06%@
5%)0)#)!4=!@ 70@ &7%'1@ 6)21@ 2)5#)0!@ 211-@ &)4%@ -@ #!-14@ 4!$)!06%@ $%@ %56%@ &7%'1@ 01@
!-#!0;!@0)0'70!@;10!@#106)'7!@$%@-=37)$1@)0&-!/!"-%@:@01@(!"4=!@%&%#61@$1/)0>@
0#%0$)1@$74!06%@%-@64!58!5%@$%@=37)$15@0&-!/!"-%5@
!@ 2-!06!@ #7%06!@ #10@ 70!@ %56!#)>0@ $%@ "1/"%1@ $%@ -=37)$15@ 74!06%@ %-@
64!58!5%@ 214@ !-'70!@ $%@ -!5@ /!0'7%4!5@ 21$4=!0$%44!/!45%@ 1@ &7'!45%@ -=37)$15@
)0&-!/!"-%5@ 37%@ $%@ %0#1064!4@ 70!@ )056!-!#)>0@ %-<#64)#!@ %0@ /!.@ %56!$1@ :1@ 70!@
572%4&+#)%@ #!-)%06%$%5%0#!$%0!4=!0@ 70@ )0#%0$)1@ 56%@ )0#%0$)1@ 21$4=!@ !-#!0;!4@ -!@
E;:+L./L<>;.A-@;?L+L1>+:/3LDL./L?/>L+?IL<;.>I+L;-A>>2>L+.2-2;:+49/:@/LA:+L?/>2/L./L
(&L/:L/3L+39+-H:L./L-232:.>;? L
:-/:.2;L/:L/3LF>/+L./L<2:@+.;L
:@/?L ./L ?/>L A?+.;?L 3;?L -232:.>;?L ?/L <>/<+>+:L /:L /5L G>/+L ./L <2:@+.;
L !+L
<2:@A>+LA@232E+.+L?/L<A3B/>2E+LDL<;.>I+L0;>9+>LA:+L9/E-3+L2:03+9+,6/L-;:L/3L+2>/L=A/L
/:L-+?;L./L /:-;:@>+>?/L-;:LA:+L?A</>02-2/L-+32/:@/LD;LA:+L2:?@+3+-2K:L/3H-@>2-+L/:L
L 9/@>;?L ./4L @+:=A/L ./L 3I=A2.;L 2:03+9+,3/L 9G?L -/>-+:;L 3;?L /0/-@;?L ./L /?@/L
2:-/:.2;L?/>G:L3292@+.;?L
:-/:.2;L/:L/3L39+-H:L./L 232:.>;?L
:L -+?;L ./L 0A1+L <;>L >;@A>+L ./3L -232:.>;L 3;?L B+<;>/?L ./3L 3I=A2.;L ./>>+9+.;L
<;.>I+:L 0;>9+>L -;:L /3L +2>/L A:+L 9/E-3+L 2:03+9+,3/ L ?@+L 9/E-3+L <;.>I+L /:@>+>L /:L
3L -+3;>L >+.2+:@/L +0/-@+>GL +L 3;?L ./9G?L -232:.>;?L +1>+B+:.;L /3L >2/?1;L ;9;L
-;:?/-A/:-2+L ;-A>>2>G:L A:+L ?/>2/L ./L "(&L /C<3;?2K:L /L 3;?3/B/?L <A/./:L
./?<>/:./>?/L<>;D/-@23/?L-AD;?L.+J;?L:;L<A/./:L?/>L/?@29+.;? L
#H@;.;L./L%;;4L2>/L*;:+?L./LA/1;LDL%H>.2.+L#GC29+L?@29+.+L
/?@29+>L /3L >+.2;L ./L .+J;L 1/:/>+.;L <;>L /3L -+3;>L >+.2+:@/L ./L A:L 2:-/:.2;L ./L /?@/L
@2<;':+L B/EL =A/L ?/L -;:;-/L /3L >+.2;L ./L .+J;L ?/L <A/./:L -+3-A3+>L 3+?L <H>.2.+?L
9+@/>2+3/?L
!+L @+,4+L L 9A/?@>+L A:L 62?@+.;L ./L -+:@2.+./?L ./L 3I=A2.;L 2:08+9+,3/L
@;:/3+.+?L-;:L/3L>+.2;L./L.+J;L<;>L-+3;>L>+.2+:@/L1/:/>+.;L<;>L/?@+L9+?+L
4
"4
4+44"1)-'4&"%"4.*+-+4*'443'4
4 4
4
4
4 4
4 4
4
4
4 4
4
4 4
4 4
4 4
4 4
4 4
4
4
4 4
4
4
4 4
4 4
4 4
4
4
4 4
4 4
4
4
4
4
-&,4"4#&,*&,'&"4#&+-**+4(0 &4 4
*4"')-+4)-4"%&&4&,+4%/'*+444,'&"+44"2)-'4
&"%"4 +4,'%&4"'+4,'+44"4,$4/4+4'&+,*-/4-&4-*.4)-4 (*%,!*04
"-"*4"4*'443'4('*4"'*4*&,4,"4'%'4+4%-+,*4&4"4!-*4 4
C
C
C 9
C
C
C
@C C
AC C
C
BC
C C C C
&%73C#(!&?/C#910/#/!&(C"#C-5C"#C(=27&"0C'/$)- (#C:C3"&0C"#C">0C103C
!(03C3"&/6#C
?/"#C
:C"&0C"#C">0C#56'-"0C.#6305C
9C-5C"#C(=27'"0C&/$(- (#5C60/#("5C6C
3C(C!0/8#35&?/CC-5C50(0C5#C/#!#5&6C(C"#/5&""CC27#C/0C5#C !7#/6C
!0/C#(C"#6((#C "#C (05C130"7!605C(.!#/"05C103C6/27#C:C13C$'/#5C13<!6&!05C5#C
57-#C7/C130.#"'0C"#C(C"#/5&""C"#C(05C(=27&"05C)-!#/"05C27#C!033#510/"#CC
C%!-
'*+5*KK%*-1;K-.K-*I;K<;>K":,.:-1;K'1<;K$2@,2:*K
K';A*6K<;>K
*<*,1-*-K %*-1;K-.K-*I;K9K
1=B.K +5;=B.K
#;92:*5KAK >KK9
!*5;:.@K
"K K K K
"K K K K
"K K K K
K K K
$*>*K,;:;,.>K5*KE;:*K>.*5K*/.,A*-*K.:K<5*:A*KDK@B@K,;:@.,B.:,1*@K@.K-.+.:K
C.>2/1,*>K5;@KA>*E;@K.:KB:K<5*:;K*K.@,*5*K,B9<51.:-;K5;@K@10B1.:A.@K<*@;@K
(+2,*>K.5K<B:A;K9.-1;K-.K5*K);:*
K2=B.K@.5.,,2;:*-;
;:K5*K.,B*,1J:K>..9<5*F*:-;K.5K-*A;K-.K9*@*K-.K5H=B1-;K1:/5*9*+5.K@.K,*5,B5*
.5K>*-1;K'>*E*>K .@A.K >*-2;K >K A;9*:-;K ,;9;K <B:A;K 1:1,1*7K .5K <B:A;K 9.-1;K -.5
+5;=B.
1+B4*>KB:*K,2>,B:/.>.:,1*K-.K>*-1;K>
20B>*);:*K*/.,A*-*K<;?K,*5;>K>*-1*:A.K-.K":,.:-1;K'1<;K$1@,1:*K
&10B1.:-;K.5K9GA;-;K-.K$;;5K 1>.K7*@KF;:*@K*/.,A*-*@K<;>K.8K,*5;>K>*-3*:A.K-.K
,*-*K1=B.K@.K9B.@A>*:K*K,;:A1:B*,1J:K
3
.+333'&3-3('+3"'+3+&-33&&'3('3,&3&3
*.3
3
@
=(@
@>@
@
?@
@
+*85#@"21#@#)'%7#&#@325@%#,25@5#&+#17'@&'@1%'1&+2@ +32@+6%+1#@'1@+48'@@
202@6'@2$6'59#@'1@,#@)+*85#@ @',@+1%'1&+2@7+32@+6%+1#@+1+%+#&2@'1@',@+48'@
@#)'%7#@727#-0'17'@,26@ +48'6@@:@ @#&+%+21#,0'17'@',@5+'6*2@6'@#*5#9#@%21@',@
%#,25@5#&+#17'@48'@,,'*#@#@.#@;21#@&'@%+,+1&526@:#@48'@32&5<#@2%#6+21#5@81#@6'5+'@&'@
!@'1@/26@%+,+1&526
@
,0%+*.939,0%)-%
'9
96-!%!952%(9./%(!9
) ")!%*9")9*)99
) ")!%*9 -.1."9!"9'7,0%!*.9
) ")!%*9")9*)99
) ")!%*9-"9!"9+%)/!*9
L :?N ;=39.3;,40?N 0@.09,=3:?N /0N =30?2:N ,N 4:?N <B0N 0?AGN 0D;B0?A,N 5,N ;4,9A,N /0
,48,.09,8309A:N/0N4I<B3/:@N3915,8,-40?N?:9
N39.09/3:NA3;:N;3?.39,N09N3<B0N
EN3<B0N
N39.09/3:N09NG=0,N/0N;39A,/:N0D;5:@3K9N;:=N4,N0D;,9?3K9N/06NC,;:=
/0N B9N 4I<B3/:N 09N 0-B443.3K9N *N 09N ,48,.H9N /0N .3439/=:@N 0N 39.09/3:
/B=,9A0N04NA=,?C,?0N/0N5I<B3/:?
L 0N,.B0=/:N,4NHA:/:N#::4N3=0N0D3@A09N.B,A=:NG=0,?N/0N1B02:N<B0N@:9
+:9,N/0N3<B0@NNEN,48,.H9N/0N.3439/=:@
3<B0N
&,470=N/0N;39AB=,?N.,?,N/0N1B0=F,NEN5,-:=,A:=3:
"13.39,?
M ,@N;H=/3/,@N0?A38,/,@N;:=N4:@N@B.0@:@N/0N8,E:=N=30@2:N@:9N4,@N@32B309A0@
9.09/3:N09N3<B0N N%0N0?A38,NB9N/,J:N8,A0=3,4N/0N '%N EN
B9N4B.=:N.0?,9A0N;:=N'%NN
9.09/3:N3<B0N N%0N0@A38,NB9N/,J:N8,A0=3,4N/0N'%N
ENB9N
6B.=:N.0?,9A0N;:=N'%NN
9.09/3:N/B=,9A0N 04N A>,@C,@0N /0N;=:/B.A:?N <BI83.:@N ,J:N8,A0=3,4N
;:=N'%N ENB9N4B.=:N.0?,9A0N/0N'%NN
9.09/3:N09N,48,.H9N/0N.3439/=:@N%0N0?A38,NB9N/,J:N8,A0=3,5N/0N'%N
EN4B.=:N.0@,9A0N;:=N'%NN
F
PL<B:<B\K] .:<BLK:G] =>]0OLQ><<B\K] <LKQO:] >G] $S>@L] -:KS:G] =>]0OLR><<B\K
<LKQO:] 'K<>K=BLP] 1SBKQ:] "=B<B\K] >K] "PM:[LG] 7LGSJ>K] ] "=BQLOB:G] -:M?O>
9SOB<A] SOPL] XPB<L] 'KQ>OK:<BLK:G] =>] 0OLQ><<B\K] LKQO:] >G] $S>@L]
5O:=S<<B\K]=>G]'K@GYP]:G]"PM:[LG
4 PL<B:<B\K] .:<BLK:G] =>] 0OLQ><<B\K] <LKQO:] >G] $S>@L] \=B@L] =>] ,ZNSB=LP
'K?G:J:;G>P] W] LJ;SPQB;I>P] .$0] ] ] 6O:=S<<B\K] =>G] 'K@GYP] :G
"PM:[LG
d '3ME<HI?I6]+dYO9/+d13d%36SMIOd
b %36SMId PdTGdP:PQ4F,d24dKNJQ400:`Gd24@d8JF-N4dWd24dPTdK,QN:FJG:Jd5N4GQ4d,d2;U4NPJP
8408JPd LT4d ,F4G,X,Gd PTd :GQ47N:2,2d PTd U:2,d PTd :GQ4N[Pd Wd PTd KNJK:42,2d @d P47TNJ
7,N,GQ:X,d4@dN4P,N0:F:4GQJd24dTGd0,K:Q,AdK,N,d N4K,N,NdJd0T-N:Nd@,dK[N2:2,dJd2,_JdLT4
,K,N4X0,d 4Gd 0T,@LT:4Nd FJF4GQJd N40:-:4G2Jd 0JFJd 0JGQN,KN4PQ,0:`Gd TGd KN40:Jd KJN
,24@,GQ,2Jd KJNd 4@d P4NU:0:Jd 24d KNJQ400:`Gd LT4d J5N404d @d P47TNJd 0JGPQ:QTW4d TG,
PJ@T0:`Gd ,d @,d G404P:2,2d LT4d P4GQ:FJPd 24d U4NGJPd KNJQ47:2JPd ,GQ4d @,d J0TNN4G0:,d 24
8408JPd:FKN4U:PQJPd 0TW,Pd0JGP40T4G0:,PdPTK4N4GdGT4PQN,d0,K,0:2,2d :G2:U:2T,@dK,N,
N4K,N,N@,Pd)*
&47aGd4@d&d!Jd
PJ-N4d 4@d 8JF-N4d Wd PTd K,QN:FJG:J d @d8JF-N4d 4PQZd 4VKT4PQJd ,@dN:4P7Jd 24P24d C,d0TG,
8,PQ,d @,d QTF-,d KJNd 4G54NF42,2d ,00:24GQ4d FT4NQ4d KN4F,QTN,d JPd -:4G4P
:7T,AF4GQ4dKT424GdPT5N:Nd:G04G2:JPdNJ-JdF4NF,d24Q4N:JNJdQJ2,dPT4NQ4d24dN:4P7JPdJ
4U4GQJPd2,_:GJP
GdF,Q4N:,d24dP47TNJPdA,dK,@,-N,dN:4P7JdGJdP4dN45:4N4dP:4FKN4dG404P,N:,F4GQ4d,dTG
PT04PJd2,_:GJdJdGJ0:UJdP:GJd4V0@TP:U,F4GQ4d,@d8408Jd,@4,QJN:JdP^dKJNd4>4FK@JdPJG
N:4P7JPd4GdA,d ,04K0:`Gd0JFaGd24dB,dK,@,-N,d:G04G2:Jd 24d Q4NN4FJQJd 24d ,00:24GQ4PdW
JQNJP
@d P47TNJd Q:4G4d 0JFJd 5=Gd KN:F4NJd Wd aDQ:FJd KNJQ474Nd ,@d 8JF-N4d Wd ,d PTd K,QN:FJG:J
0JGQN,d4PQJPdN:4P7JPdJ5N40:[G2J@4d:G24FG:X,N@Jd0JGdTG,dPTF,d4LT:Q,Q:U,dKN4U:,F4GQ4
0JGU4G=2,
b HR3M\Od+O36SM+.?3d$4@,0:`Gd@^0:Q,d24d0,NZ0Q4Nd40JG`F:0JdN4PK40QJd24dTGd-:4GdLT4dP4
0JGU:4NQ4d 4Gd ,P47TN,-@4d 0T,G2Jd 4PQZd ,F4G,X,2Jd KJNd TGd K4@:7NJd Gd Q[NF:GJP
0JFTG4PdP4d2:N^,dLT4dP`@JdP4dK,7,dP:d8,WdTGd-:4Gd24dKJNdF42:J
5
'66!(66 !6 '6"!"!'6#%()%'66 6#2-
#%'!(66*"%-2!66%'"6)%("6"6') 6 '660 (6$)6'(.6""
6')%"%66! !-%6!6'"66#/%6("(66!6)6"("6')%"6!
"'6')%"'66"''6"61"'6'(6') 66'%66*"%6%66"("6')%"
)6'%6'(!("66*"%6%"6,6'66') 6$)66!(6$)%6')&%
5
'66( #"6)%!(66)6'(.6)%(66 (%66')%"
!% !(6'6)!61"6)!$)6#)6"!(%(%'6#"%6 !"%6"6 ,"%6( #"6
(/% !"666*!6!)66%!"*2!6#"%6"(%"6#%0""6)6#)6#%")%'
o
m 57KSXo=?;K7X7=So>Zo>Jo`6JRWoV^>o>Jo6Z>B^W6<Ro<>:J6W6o\>P>Wo%Jo`6JRWo6Z>B^W6<RoT^><>
Z>Wo !+!+ V^>o >Zo>Jo`6JRWo :RN>W:E6Jo <>TW>:E6<Ro Ro >Jo !+ $%+ V^>o>Zo >J
`6JRWo<>oW>>NTJ6cRoRoW>TRZE:EjPo<>Jo8E>P
m ,_;XSo ;?[7Q]?o #e=_K7o +QCK?[7o J6o EP<>NPEc6:EjPo :RNE>Pc6o >Po >Lo NRN>P\Ro V^>
R:^WW>o >Jo <6iRo bo \>WNEP6o >Jo <g6o V^>o J6o :6T6:E<6<o <>o B6P6P:E6Zo b6o PRo Z>o `>
T>WG^<E:6<6o\>PE>P<Ro :RNRo JgNE\>o>JoTL6cRo NdaENRo:RP\W6\6<Ro>PoJ6oTjJEc6o -6oZ^N6
6Z>B^W6<6o>Po>Z\>o:6ZRo>ZoL6o^\ELE<6<o8W^\6o6P^6J
4\EJE<6<o"W^\6o6P^6Jo o(6Z\RZo>Z\68J>Zoo4\EJE<6<o/>\6o
m )7[]S[o 'FHS[o ZRPo \R<RZo 6V^>JJRZo B6Z\RZo V^>o PRo <EZNEP^b>Po >Po @RWN6o TWRTRW:ERP6J
:RPoJ6oW><^::EjPo<>Jo`RJ^N>Po<>JoP>BR:ER
o &I>NTJRoTJ6PEJJ6oEP\>W>Z>Zo<>TW>:E6:EjP
6JV^EJ>W>ZoB6Z\RZo<>oR@E:EP6
o #SQ;?U]S[o
*+)++' $"+"+ $"#"+
++!$)++&"+
+ "(+
n 0_Q]So=?o ?9_KKF;FkQo &ZoJ6o\>NT>W6\^Y6o6oJ6o:^6JoJ6oTW>ZEjPo<>o`6TRWo<>JoJgV^E<RoEB^6J
J6oTW>ZEjPo>a\>WP6o16W6o<>@EPEWo>JoT^P\Ro<>o>8^JJE:EjPoZ>o<>8>o:RPZE<>W6WoJ6oTW>ZEjP
6\NRZ@fWE:6o :RNRo oTZEo o NN*B
o 16W6o N>c:J6Zo V^>o PRo \E>P>Po ^Po T^P\Ro <>
>8^JJE:EjPo :RPZ\6P\>o >Mo o >`6TRW6<Ro >Po ^P6o <>Z\EJ6:EjPo <>Z6WWRJJ6<6o Z>BlPo J6
!23.o $o o 2\6P<6W<o .>\DR<o R@o 3>Z\o @RW$EZ\EJJ6\ERPo R@o 1>\WRJ>^N1WR<^:\Zo Z>Wd
:RPZE<>W6<Ro:RNRo>JoT^P\Ro<>o>8^JJE:EjP
m 0_Q]So =?o FQAK7O7;FkQ>Zo J6o NgPEN6o \>NT>W6\^W6o 6o J6o :^6Jo J6o :6P\E<6<o <>o `6TRW
TWR<^:E<Ro 6Jo N>c:J6WZ>o :RPo 6EW>o T^><>o @RWN6Wo ^P6o N>c:J6o EP@J6N68J>o :>W:6o <>o J6
Z^T>W@E:E>o <>Jo JhV^E<Ro Ro <>P\WRo <>Jo >P`6Z>o ^Z6<Ro :RNRo JRo <>\>WNEP6o >Jo Nf\R<R
!23.o
& $'
' ' '
%'
'!'
''"'
''
%'
'
'
'
!' ''"'
'
''
%'
'!'
'
''
! %'
'
#'
''
'
'#'
''
'