#$#% ! !# "#$%&&’()
*&+
!"#$!!"#%&$’%!!%#%
#&’(!)*!%+,#-("#("
#&,!!%$./$0./%&$(#-(&&$("
!"#%$%&! ’$%&()*+,-".-/012 ’#(#)3+45/467845! !9’$%
&(":;)!#<=2>?@AB)C,-DEF"*,-! ’$%&GF*H!
I$ *+,-./0 1230420153%
’&6!7&!%& (&67&!8& )&67&!%&
BJK)!
!&90:3;+42304,+-:< ,:<33+;+%
’&=0:54304/+23& (&>1213-+545423:.5:<32& )&)04/? 304@1AA&
"&90:3;+42304-:< 301<? +B304/+</453%
’&C12:DD+1<31<E& (&=+F2+& )&9+530,01A4&
#&90454:543042D4:?452D5+@:@AG%
’&H< 3042/0++A& (&H< :/1<4-:& )&H< :5423:.5:<3&
$&90:3:543042D4:?4523:A?1<E:@+.3%
’&’< 1<345I14,& (&’/+-D:<G& )&’< 4J:-&
%&90+124JDA:1<1<E0+,3+.24304D51<345%
’&K1?4& (&L42214& )&M4+&
#1,!!%%$./$0./%&$(#-(’’&$("
!"#%$%&LMN! ’$%&LMN()O+,-".-/012’#(#)3+45/467845!
!’$%&LMNP":Q)>?EFR+,-"’,-%<=&!9("R,-Q16% <=2SB>?! ’
$%&LMNFTH!
!UN$VW"ABUN#O-!
&&90:31230454A:31+<201D @43,44< 3042D4:?452%
’&)+AA4:E.42& (&*.2@:<; :<; ,1B4& )&*+23:<; E.423&
’&90:3,1AAP+@453-+23A1?4AG;+<4J3%
’&Q1/? .D L+0< :3304:15D+53& (&R+3+304-4431<E,130 L:<4& )&):AAQ43453+1<B+5-304/0:<E4&
!UO$VW"ABU8#7-!
(&*+,+B34< ;+42304-:< 23.;GH3:A1:<%
’&S</4:,44?& (&T,1/4:,44?& )&T054431-42:,44?&
)&901/0 +B304B+AA+,1<E;+42304,+-:< /+<21;451-D+53:<3%
’&=3:G1<E:/31I4& (&9+5?1<EB.AAF31-4& )&M4:5<1<E:<4,A:<E.:E4&
!U8$VW"ABU!#X!"-!
!*&90G12304@1+A+EG34J3@++? .<:I:1A:@A4<+,%
’&H3,:2A+23& (&H3,:254245I4;& )&H3,:2;:-:E4;&
!" #!$!%"$"
书书书!!&90:3-.23304-:< ;+3+E43012B+A;45@:/?%
’&Q5+I40121;4<313G& (&9:13.<31AU51;:G& )&U1AA:54V.154; B+5-&
!"&904< ,1AA304/0:15@454:;G%
’&’3W$!%& (&’3W$W#& )&’3W$X%&
!U7$VW"ABU!WX!N-!
!#&90:312304-+23I:A.:@A4134-Y:34;12/+I454;%
’&’23+<4?<1B4& (&’204AA<4/?A:/4& )&’@5+<Z4/+<3:1<45&
!$&90:3;1BB1/.A3G;1; Y:34[234:-B:/4,01A4,+5?1<E%
’&K:<GI1213+52& (&=35+<E,1<;2& )&*4:IG5:1<&
!%&90:3,1AAY:34[234:-;+B1523,130 304:<31V.42%
’&P4/04/? 30415:E4& (&T:?4;43:1A4; 54/+5;2& )&)A4:< 304-/:54B.AAG&
!&&*+,;+42Y:34B44A:@+.3304;12DA:G+B304134-2%
’&SD31-1231/& (&9+5514;& )&)+<B1;4<3&
!U!#$VW"ABU!OX"#-!
!’&90:312-+2304ADB.AB+5/:-D 24A4/31+<%
’&’D:221+< B+52/14</4& (&’/:;4-1/E5:;42& )&95131<E/+-D434</4&
!(&90:3,1AAD:531/1D:<32;+:3304/:-D%
’&T5:I4A3+;1BB454<32/0++A2& (&Q5:/31/42?1AA21< 4<E1<4451<E& )&9+5? +< 2-:AA5424:5/0 D5+\4/32&
!)&90+:54304/:-D A4:;452%
’&)+AA4E4D5+B422+52& (&U+5-45D:531/1D:<32& )&*1E0 2/0++A34:/0452&
"*&90G;+42M1<:E1I43043:A?%
’&T+1<35+;./4:/:-D& (&T+4-DA+G<4,A4:;452& )&T+/+AA4/323.;4<3422:G2&
#1’(!2345!%+,#-($#("
#&,!!%%$./$0./’&$(#-("&&$("
EF"YZ[".’-012’#(#)#C\+45/467845!
’
94A/+-43++.52/0++A[2+<A1<4/+--.<13G’ 9043045G+.[540+D1<E3+4JDA+54304]:23)+:23+5:54\.23-:?1<E
G+.5,:G:5+.<; 304/:-D.2" 30454:5424I45:A35:<2D+53:31+< 245I1/4+D31+<230:3^<1I45213G+BQ4<<2GAI:<1:(Q4<<)
23.;4<32/:< 3:?4:;I:<3:E4+B&
()**+,-./*0 1234562!678"
Q4<<[2C1I121+< +BQ.@A1/=:B43G+BB452B544,:A?1<E42/+532"X 0+.52:;:G" WN% ;:G2:G4:5&Q4<< 23.;4<32/:<
54V.423:< 42/+533+,:A? 304-3+30415;4231<:31+< ,04304530:312:/:-D.2@.1A;1<E" :;+5-" +53042/0++A0+2D13:A&
T+54V.423:,:A?1<E42/+53" 23.;4<32/:< :2? :<GQ.@A1/=:B43GSBB1/45+5/:AA"!%F!!!F9’MY(7"%%)&
()**’33)22/7-)85,*2/6((’8)
T04Q4<< ’//4221@A4T5:<213245I1/4+BB452+<F/:-D.235:<2D+53:31+< ;.51<E345-31-4B+51<;1I1;.:A2,130 I12.:A
;12:@1A13142:<; 30+24,130 A1-13:31+<2B5+-+3045/+<;131+<2&T++@3:1<://4223+Q’T"23.;4<32-.234F-:1A304SBB1/4+B
C12:@1A13G=45I1/42&U+534:/0452+523:BB" 304G/:< +@3:1< :DD5+I:A@G/+<3:/31<E304SBB1/4+B]V.:ASDD+53.<13G
Q5+E5:-2&
!" ##$!%"$":1(8’
=]QT’+BB452/+<I4<14<335:<2D+53:31+< +D31+<23+23.;4<32:5+.<; Q01A:;4AD01::<; /+<<4/323+B1I4/+.<31421<
304Q01A:;4AD01:2.@.5@2" :2,4AA:235:<2132G234-21< C4A:,:54:<; _4,L4524G&Q4<< 23.;4<32/:< E43;12/+.<32+<
E:AA45142:<; -.24.-2+< 304=]QT’:DD 1B304G0:I4:=]QT’Y4G):5; ,130 304-&(G;+,<A+:;1<E304=]QT’
:DD" .2452/:< 24430415@:A:</4" :;; B.<;2:<; I14,2/04;.A42&
;*<)04
H<;4E+12304@1?420:542G234-1< Q4<<&T05+.E0 ;+,<A+:;1<E304H<;4E+:DD" 23.;4<32/:< ://42254:AF31-4
@1?4:I:1A:@1A13G:3:<G23:31+<" ,01A44:5<1<E;12/+.<32+< 54<31<E@1?42&(1?4=0:54A+/:31+<2+< /:-D.21</A.;4
23:31+<2:3WX30 :<; )0423<.32354432" WX30 :<; =D5./42354432" WN30 :<; =:<2+-2354432" :<; X#30 :<; =D5./4
2354432&
"!&90:3;+Q4<< 9:A?1<E]2/+532:<; Q4<< ’//4221@A4T5:<2130:I41< /+--+<%
’&T04G0:I40+3A1<42.DD+53& (&T04G:54-4:<3B+5Q4<< 23:BB&
)&T04G+BB4530+.E03B.A245I1/42& C&T04G:54:I:1A:@A4:AAG4:55+.<;&
""&901/0 4<:@A42Q4<< 23.;4<323+E43/04:D454J01@131+< 31/?432%
’&Q4<< 9:A?1<E]2/+532& (&Q4<< ’//4221@A4T5:<213&
)&=]QT’& C&H<;4E+&
"#&9045412301234J3D5+@:@AG3:?4< B5+-%
’&’2/0++A,4@2134& (&’35:I4ADA:<&
)&’35:<2D+53:31+< E.1;4& C&’D+2345@+:5;&
=
H< 304R.:<EJ1‘0.:<E’.3+<+-+.2P4E1+<" L1<EJ14-@5+1;454; @:AA2(]^)*+</42G-@+A2+BA+I4:<; E++;
B+53.<4*:54<+,34AA1<E:<4,3:A4+B/.A3.5:A54I1I:A(_‘) :<; 4/+<+-1/@4<4B132&9130 30415;4A1/:34D:3345<2:<;
@51AA1:<3/+A+52" 304240:<;/5:B34; 354:2.542,454+</4:3512? +B;12:DD4:5:</4&
9:<Ea1.B4<" /:D3.54; @G30415@4:.3G" 2:,:< +DD+53.<13G3+D54245I430435:;131+< ,01A435:<2B+5-1<EA1I42&
C42D134@41<E.<B:-1A1:5,130 304/5:B3" 20454B1<4; 04534/0<1V.42305+.E0 D:1<23:?1<E24ABF23.;G:<; 0:<;2F+< D5:/31/4&
’3)01<:[2+R+A;4< Q0+4<1J, 1<<+I:31I4D5+;./3;421E< /+-D43131+<" 0454-@5+1;454; @:AA2,+< 3,+E+A; :<; 3,+21AI45
:,:5;2" 4:5<1<E045<:31+<:A54/+E<131+<&
P4/+E<1Z1<E304/.A3.5:A21E<1B1/:</4+BL1<EJ14-@5+1;454; @:AA2" )01<:4<313A4; 304-304<:31+<:A1<3:<E1@A4
/.A3.5:A04513:E41< "##N&+b43" ;42D13430454-:5?:@A4/5:B32-:<201D +BA+/:A/5:B32-4<" -:<G235.EEA4; 3+B1<; :
-:5?43B+530415,+5?", 9:<E2:1;&C4345-1<4; 3+@51;E43012E:D" 9:<EA:.</04; :< +<A1<423+541< "#!#"
1<35+;./1<EL1<EJ14-@5+1;454; @:AA23+:,1;45:.;14</4&
’2;4-:<; E54," 204B+.<;4; )01<:[2B1523/+-D:<G;4;1/:34; 4J/A.21I4AG3+L1<EJ14-@5+1;45G1< "#!W" B+/.21<E
+< 1<<+I:31+<" D5+;./31+<" :<; 2:A42&T+@++234BB1/14</G" 2041<35+;./4; -+;45< -:/01<45G" :.3+-:31<E21J
D5+;./31+< 234D2,01A4D54245I1<E304;4A1/:344-@5+1;45G:<; :224-@AG(ab) ,+5? B+52?1AA4; /5:B32-4<&T+4JD:<;
304/5:B3[254:/0" 9:<E0:2+5E:<1Z4; +I45""### B54435:1<1<E24221+<2" B+5-1<E:/+5434:-+B"# 4JD453/5:B32-4<
,0+<+,2.DD+53-+5430:< O## ,+-4< 1< 4-@5+1;454; @:AAD5+;./31+<&(G1</+5D+5:31<E4A4-4<32B:I+54; @GG+.<E
D4+DA4:<; /.23+-1Z1<E;421E<23+2.13;1I4524D54B454</42" 304/5:B30:2E:1<4; ,+5A;,1;454/+E<131+<&’//+5;1<E3+
9:<E" 045/+-D:<G4JD+534; 4-@5+1;454; @:AA23+304^<134; =3:342" L:D:<" ’.235:A1:" =1<E:D+54" T0:1A:<;" :<; 304
P4D.@A1/+BY+54:1< "#"W" E4<45:31<E+I45!# -1AA1+< G.:< 1< 2:A42:<; 24/.51<EO# D45/4<3+BR.:<EJ1[2-:5?43
20:54&
!" #9$!%"$"M++?1<E:04:;" 9:<E54-:1<2542+A.341< 045-1221+<&+H0+D43044-@5+1;454; @:AA1<;.235G/+<31<.423+E5+,&
T0:30:2:A,:G2@44< -G.A31-:34E+:A&,
"$&*+,;1; 9:<Ea1.B4< 1<131:AAGE:1< 54/+E<131+< B+5045,+5?%
’&(G24AA1<E045D5+;./32+<A1<4& (&(G+D4<1<E:A:5E4F2/:A44J01@131+<&
)&T05+.E0 ,1<<1<E:<:31+<:A/+-D43131+<& C&T05+.E0 045D:531/1D:31+< 1< 35:;420+,2&
"%&90:312304/+554/331-4+5;45+B304B+AA+,1<E4I4<321<I+AI1<E9:<Ea1.B4<%
:&=04243.D )01<:[2B1523/+-D:<G;4I+34; 3+L1<EJ14-@5+1;45G&
@&=04+D4<4; :< +<A1<423+543+24AAL1<EJ14-@5+1;454; @:AA2&$
/&T04@:AA2,454A1234; :2304<:31+<:A1<3:<E1@A4/.A3.5:A04513:E4&
;&*45/+-D:<G:/014I4; 2:A42B1E.542+B+I45!# -1AA1+< G.:<&
’&/"@":"; (&@"/":"; )&/":"@"; C&@":"/";
"&&901/0 ,+5;2/:< @423;42/51@49:<Ea1.B4<%
’&*.-+5+.2:<; E4<45+.2& (&=351/3:<; /+<I4<31+<:A&
)&):.31+.2:<; -+;423& C&C4345-1<4; :<; 1<<+I:31I4&
"’&90:3129:<E[2:3313.;43+,:5; 304B.3.54+B045@.21<422%
’&C+.@3B.A& (&)+<B1;4<3& )&^<1<3454234;& C&9+5514;&
?
T5:I4A4520:I4A+<EB4:54; @41<E2,:AA+,4; 1<3+304D4:3A:<;2(cde)$ +HB012B++32A1D2c 1312D+221@A404-:G
<4I45-+54@404:5; +B", ;42/51@4; 91AA1:-R1AD1< 1< !OO"&
(.3<+,3041-:E4+B30124/+2G234-B1<:AAG3.5<2304/+5<45&^_]=)S0:254/+E<1Z4; 304UA+,)+.<35G:2:9+5A;
*4513:E4(fg) =134*304B1523D4:3A:<; 3+-:?4304A123*;.43+132<:3.5:A/0:5:/3451231/2$ 30454-:5?:@A4I:5143G+B
DA:<32:<; :<1-:A230:3A1I430454&H3[2:A2+54/+E<1Z4; 30:330424D4:3A:<;2:54<+30.-:<?1<;[24<4-G@.3:< 1-D+53:<3
D:53<451< 304B1E03:E:1<23/A1-:34/51212&Q4:30:2B+5-4; 1< 304UA+,)+.<35GB+58"### G4:52" 35:DD1<E/:5@+<&H3[2
I13:A30:3304/:5@+< 23:G23+:I+1; B.53045EA+@:A04:31<E&
T04UA+,)+.<35G,:2/0+24< B+5132<:3.5:A04513:E4<+3/.A3.5:A21E<1B1/:</4" ,01/0 /+-42:2:,4A/+-4/+<35:23
3+304I:23-:\+513G+B304^&Y&[2+30459+5A; *4513:E4=1342&Q51+5131Z1<E/.A3.54-1E03-:?424<24B+5DA:/42A1?4
=3+<404<E4+5C.50:-):304;5:A" @.3304M:?4C12351/3% _+32+-./0&T04M:?4C12351/3_:31+<:AQ:5? 1254-:5?:@A4
B+5132<:3.5:AE4+E5:D0G$ ;44D I:AA4G2" .<4I4< D4:?2:<; 1/GA:?42&Q4+DA40:I4A+<E20:D4; 304:54:" @.330415
1-D:/312\.23:301< A:G45+< :54-:5?:@AG2DA4<;1; A:<;2/:D4&b43" ,04< 304D:5? E:1<4; ,+5A; 04513:E423:3.21<
"#!O" 13,:2A:5E4AG+< 304@:212+B13254A:31I4AG54/4<335:;131+< +B2044D B:5-1<E&T04;4/121+< 54BA4/34; 0+,304
(513120 D45/41I4304<:3.5:A,+5A;&
(.330454/+E<131+< +B304UA+,)+.<35GA++?24I4< -+54D5+B+.<;&H354D5424<32:/0:<E4<+3+<AG1< +.5
D45/4D31+< +BD4:3A:<;2@.3+B<:3.541324AB&^<A1?4304M:?4C12351/3" 13D51+5131Z42<+32044D" @.3-+22(hi)&T012
:DD5+:/0 12:A1E<4; ,130 304E5+,1<E-+I4-4<33+54/+E<1Z430451E032+B<:3.54$ 3+54B5:-4304<:3.5:A,+5A; :2
2+-4301<E-+5430:< :/+AA4/31+< +B5:,-:3451:A2&
_+<4+B30:3123+1E<+540.-:<2[5+A41< 304UA+,)+.<35G@.3,420+.A; 54/+E<1Z430:3<+A:<;2/:D41< 304^&Y&
/:< @4/+<21;454; 1< 12+A:31+< B5+-132/.A3.54" ,01A4:A2+54-4-@451<E30:33040.-:< 23+5G<4I45.<B+A;2:A+<4&
"(&90G;+42304:.30+5V.+3491AA1:-R1AD1< 1< D:5:E5:D0 !%
’&T+1AA.235:34304:.30+5[2D+1<3& (&T+E1I4:2/14<31B1/4JDA:<:31+<&
)&T+D5+I1;40123+51/:A@:/?E5+.<;& C&T+D5424<3:/+--+< D:531:AI14,&
!" #>$!%"$"")&U+5,0:3,:2304UA+,)+.<35G54/+E<1Z4; :2:^_]=)S9+5A; *4513:E4=134%
’&)A1-:34@4<4B132:<; <:3.5:AI:A.4& (&(4:.31B.A2/4<45G:<; /+<245I:31+< 4BB+532&
)&R4+E5:D01/:A.<1V.4<422:<; 5:542D4/142& C&];./:31+<:A21E<1B1/:</4:<; /.A3.5:AI:A.4&
#*&90:3;+42304.<;45A1<4; D05:24+12:A1E<4; ,130, 1< D:5:E5:D0 X -4:<%
’&’;;542242& (&K:3/042& )&)0:AA4<E42& C&S.3,41E02&
#!&90:31230434J3-:1<AG:@+.3%
’&T04B+5-:31+< +B304UA+,)+.<35G& (&T0454/+E<131+< +B304M:?4C12351/3&
)&T04A+<EF+I45;.4542D4/3B+5D4:3A:<;2& C&T04/+<245I:31+< ;1BB1/.A3142+BD4:3A:<;2&
@
C+G+. .2.:AAG2D+33043+./02/544< B1523,04< /04/?1<E+.3:<4,/:5% U+5G4:52" :A-+234I45G<4,/:52+A; 0:2
:01E0F34/0 2/544< 30:3/+<35+A24I45G301<E&]I4< 2:B43GB4:3.542A1?4:.3+-:31/A:<4F?44D1<E:542+-431-422/544<F
/+<35+AA4;&(.3121354:AAG2:B4%
HB2/5+AA1<E;+,< 3042/544< +B:2-:53D0+<4,01A4;51I1<E12;1235:/31<E:<; 304< ;+1<EA1?4,124,130 G+.5/:5[212
D5+@:@AG512?G3++&C51I452?<+,304A+/:31+< +BD0G21/:A/+<35+A2:<; D5422@.33+<2,130+.33:?1<E304154G42+BB304
5+:;&’3+./02/544< +BB452<+D0G21/:AB44;@:/?" -:?1<E304+D45:31+< -./0 0:5;45&’<; @4/:.242/544<20:I43+;+2+
-:<G301<E2" 13+B34< 3:?42:B4,234D2305+.E0 24I45:A2.@F-4<.23+B1<; 30451E0324331<E&
H< "#""" !"#"$%&’()" :=,4;120 -+3+51<E-:E:Z1<4" -4:2.54; 0+,A+<E133++? ;51I4523+;+301<E2A1?4/0:<E1<E
30434-D45:3.54,01A4;51I1<E:3!!# ?1A+-43452D450+.5&H3/+-D:54; !! /:52,130 3+./02/544<23+:21<EA4+A;45-+;4A
,130 54:A@.33+<2&H< 304+A; /:52" ;51I452,454:@A43+;+:AA304153:2?2,1301< :@+.3!# 24/+<;2" ,01A4304,+523F
D45B+5-1<E-+;45< /:53++? X% 24/+<;2&]I4< 1< 304@423FD45B+5-1<E-+;45< /:52" 3423452231AA3++? 24I45:A24/+<;2
A+<E4530:< 1< 304+A; /:5&
’<+304523.;G" ;+<41< "#"X @G5424:5/04521< _+5,:G" .24; 35:/?1<E/:-45:23+/+-D:540+,A+<E;51I452,454
;1235:/34; ,01A4D45B+5-1<E;1BB454<33:2?2+< :3+./02/544<&]I4< 304V.1/?423\+@ A1?4/0:<E1<E30434-D45:3.54-4:<3
30544:<; :0:AB24/+<;2" +< :I45:E4" +B<+3A++?1<E:33045+:;&
_4,5.A42B5+-].5+_)’Q" :< +5E:<1Z:31+< 30:3D5+I1;422:B43G5:31<E2B+5/:522+A; 1< ].5+D4" ,1AAE1I4<+/:5
:B.AAB1I4F23:52/+54.<A422/453:1< /5./1:AB.</31+<2:54/+<35+AA4; @G54:A2,13/042&].5+_)’Q[22:B43GE.1;4A1<420:I4
<+A4E:AB+5/4" @.3/:5-:?452.241325:31<E2:2:24AA1<ED+1<3&
T5:;131+<:A/:5-:?4520:I4@4E.< 5423+51<E2+-4@.33+<23+30415<4,-+;4A2&(.31<<+I:31+< <4I4523+D2&]I4< :2
3+./02/544<2:54B:AA1<E+.3+BB:I+5" -:<G-:<.B:/3.5452:543.5<1<E30415:334<31+< 3+I+1/4/+<35+A*30+.E0 30:312:
2.@\4/3B+5:<+304523+5G&
#"&90:312:< :;I:<3:E4+BD0G21/:A@.33+<2+I453+./02/544<2%
’&T04G:54/04:D453+D5+;./4:<; 54DA:/4& (&T04G:544:21453+2441< @51E032.<A1E03&
)&T04G/:< @4+D45:34; ,130+.3A++?1<E:3304-& C&T04G3:?4/+<35+A+B:,1;455:<E4+BB.</31+<2&
##&901/0 3++? 304A+<E42331-41< 304"#"" 23.;G%
’&T04-+;4A5.<<1<E:3!!# ?-d0& (&T04+A; -+;4A,130 54:A@.33+<2&
)&T04@423FD45B+5-1<E-+;45< /:5& C&T04,+523FD45B+5-1<E-+;45< /:5&
#$&*+,;+42304:.30+5D5+I4012:5E.-4<31< 304D:22:E4%
’&(G20+,1<E;1BB454<35424:5/0 542.A32& (&(G34AA1<E012+,< ;51I1<E4JD4514</4&
)&(G/+-D:51<E304:/31+<2+B/:5;51I452& C&(G-4<31+<1<E3045.A42+B:< +5E:<1Z:31+<&
!" #%$!%"$"#%&90:3/:< ,4A4:5< B5+-304A:23D:5:E5:D0%
’&=:B43GB4:3.542,1AA@42-:5345& (&T+./02/544<2,1AA@4:@:<;+<4;&
)&>+1/4/+<35+A,1AA;+-1<:34304-:5?43& C&H<F/:5/+<35+A,1AA1<<+I:34/+<31<.:AAG&
#1,!!%$./$0./’&$(#-(%’&$("
EF"#Z[".Z[(245/46jklmnNo27845! 45/)T5pqr45!
904< G+. E+3+304;+/3+5" G+.[54D5+@:@AG304+<4:<2,451<E-+23+B304V.4231+<2&$#&$ *454:54304
V.4231+<2G+. 20+.A; :2? G+.5;+/3+53+04AD G+. E43,4AA&
+B,6235))*/*02!9:" 2B4C-<;0)6D
]J:/3AG,01/0 04:A30 2/544<1<E2G+. <44;" :<; ,04<" ;4D4<; +< B:/3+52A1?4:E4" 24J" :<; G+.5D452+<:A:<;
B:-1AG-4;1/:A0123+5G&’3G+.5:<<.:AD0G21/:A" :2? G+.5;+/3+5,0:3G+. 20+.A; D51+5131Z41< 304/+-1<EG4:5" 2.EE4232
C5&L4221/:];,:5;2&=/544<1<EG4:5AGB+5-4<3:A;12+5;452A1?4;4D54221+< 121-D+53:<3" 3++&$#’$
+B,6E/6,F/*2,*<2CGG-)F)*62F/0B67)B)-GHC-D
=+-4I13:-1<2:<; 2.DDA4-4<32:54:,:234+B-+<4G+50:5-B.A&(.330454:54304+<4230:3/+.A; :/3.:AAG@4<4B13
G+.504:A30&$#($ T:A?1<E305+.E0 G+.5A:@ 54D+532:<; 2D4/1B1//+</45<2/:< 04AD G+.5;+/3+5;4345-1<4,0:3-1E03
@4:DD5+D51:34&
+B,6./*<4HH/*,*3/,-2CGG456/2,E,/-,7-)D
$#)$ HB2+-4301<E12<[3/+I454; 1< 13" G+.5;+/3+5-1E03@4:@A43+2.EE4232+-4+3045/0+1/42&+T0454[2:A+3+B
B1<:</1:A2.DD+53:I:1A:@A4" @+30 B5+-2+-4/+-D:<142:<; I+A.<3:5GE5+.D2", ];,:5;22:G2&
$$*$
9043045G+.[54:3304;+/3+5[2@4/:.24G+. @5+?4:@+<4" +5:5454/+I451<EB5+-1<\.5142" :2? ,04< G+. 20+.A;
23:533+B44A@43345:<; ,0:3?1<; +B,:5<1<E2/+.A; 21E<:A304<44; B+5-+54/:54&b+.5;+/3+5/:< 34AAG+. 4J:/3AG,04<
G+. 20+.A; /:AA30415+BB1/4+5E+3+3044-45E4</G;4D:53-4<3&
’&90:3:54-G354:3-4<3+D31+<2%
(&*+,4I45" -:?42.54G+.[54:2?1<EDA4<3G+BG+.5+,<&
)&’;;131+<:AAG" :2? /A4:5AG,0:3304D5+@:@A4D:G-4<32:54&
C&=+1BG+.5;+/3+5;+42<[3@51<E13.D" 23:53304/+<I452:31+<&
]&90:320+.A; H;+1B-G2G-D3+-2,+524< +5;+<[31-D5+I4%
U&’A,:G2:2? 0+,G+.51<2.5:</4,1AA:BB4/3354:3-4<34JD4<242&
R&T+?<+,,01/0 :54@4<4B1/1:A" :2? G+.5;+/3+5" ];,:5;2:;I1242&
#;’(!"<=>!%+,#-("#("
#&,!!%%$./$0./%(#-(%$("
EF"#Z[".’-012’#(#)#C\+45/46jklmnNo27845!
H,:2:2+/1:A-4;1::;;1/3&H,+.A; /+<23:<3AG$$!$ 304A1I42+B-GB514<;2" ,01/0 $$"$ -43+D+23:AA304
31-4" D5+I1<E30:3H0:; :2+/1:AA1B4" 3++*:<; 30:3,:2304D5+@A4-&
=+" H,:2,+<;451<E0+,3+$$#$ 2+/1:A:DD2&
S<4;:G" H,:3/04; :I1;4+313A4; +H$$$$ =+/1:AK4;1:9130 K1/5+F\+.5<:AB+5S<4b4:5,&H1--4;1:34AG
34J34; -GB514<; (51;E4334:@+.3-G$$%$$ T5G:G4:5+BB3042+/1:A-4;1:&=04542D+<;4;$ +=:-40454’, ’<; ,4
4I4< -:;4:@4330:3304A+245,+.A; $$&$ 304+3045D452+< :2.201;1<<45" ,01/0 ,:24J/4AA4<3$$’$ @4/:.24,4
,454@+30 3++23.@@+5< (st2) 3+D:G&
T0.2,4@4E:< 304++BB1/1:A, $$($&’3B1523" 13,:2;1BB1/.A33+$$)$ 304-.2/A4-4-+5G+B+D4<1<E304:DD2&
=+4I45G31-4H/+.A;<[3,:133++D4< +<4:<; 20:54-G$%*$ 30+.E032" H,+.A; ,5134:\+.5<:A1<234:;&=++<" H
!" #A$!%"$"<+31/4; 2+-4$%!$ 1< 0+,H@40:I4;&S< +<4B1I4F0+.5/:551;4,130 B514<;23+_4,b+5?" 304+<AG31-4H$%"$
-GD0+<4,:23+/+<35+A304-.21/&942:<E:A+<E3+/A:221/5+/? 1<234:; +B-:2220:51<E+<A1<4" ,01/0 @4/:-4:(<)
$%#$ +DD+53.<13G3+4<\+G304D5424<3&
=+B:5" 3012D451+; 0:2@44< :<1/4$%$$ B5+-+<A1<4A1B4&(51;E4334:<; H:54231AA1< :/+-D43131+< +I45,0+,1AA
D:GB+53042.201;1<<45" @.3H[-D5433G$%%$ 13,+<[3@4-4&
$!&’&?44D 54/+5;2+B (&:;:D33+ )&?44D .D ,130 C&A+<EB+5
$"&’&E.1;4; (&D5422.54; )&54-1<;4; C&3:.E03
$#&’&@:< (&/0:<E4 )&.D;:34 C&V.13
$$&’&)+-D:54; (&K1J4; )&P4DA:/4; C&’22+/1:34;
$%&’&1-:E1<:31+< (&54V.423 )&D5+-124 C&;4/121+<
$&&’&20+, (&/++? )&2:I4 C&+,4
$’&’&;4345-1<:31+< (&-+31I:31+< )&4I1;4</4 C&1<<+I:31+<
$(&’&/0:</4 (&5+.31<4 )&/0:AA4<E4 C&D5+-+31+<
$)&’&B+5E43 (&542123 )&B+AA+, C&54/+E<1Z4
%*&’&@.5<1<E (&B1<:A )&1<2D151<E C&A+E1/:A
%!&’&;1BB454</42 (&0:@132 )&;43:1A2 C&B4:3.542
%"&’&/0:5E4; (&.<A+/?4; )&20:54; C&:<2,454;
%#&’&4V.:A (&B51E034<1<E )&1</54;1@A4 C&D+34<31:A
%$&’&@54:? (&A422+< )&;12DA:G C&54,:5;
%%&’&:B5:1; (&A./?G )&D5+.; C&2.54
#1,!!%%#./$0./%&$(#-(%$("
EF"#Z["unNolm!+vw2xyLz{|xy2}~(cid:127)(cid:128)!
H< "#!8" :54-:5?:@A4D5+\4/3@4E:< 1< ]EGD3[2K1<G:&T04(cid:129)! @1AA1+< ):<:A=.E:5D5+\4/3"%&& (A4:;)
@G)01<424" ]EGD31:<" :<; 304^’][2/+-D:<142" :1-4; 3+3.5< -+5430:< O#"### 04/3:542+B;424531<3+B:5-A:<;&
)01<424B15-‘Q])3++? +< 304?4G3:2? +B;51AA1<E,4AA23+@51<E.<;45E5+.<; ,:3453+3042.5B:/4" %’&
-1221+< 30:3244-4; 1-D+221@A41< 304;5GA:<;&
’3B1523" 30434:-B:/4; 0.E4/0:AA4<E42&H33++? 304-<4:5AG3,+-+<302%(& (/+-DA434) 304B1523,4AA"
@.3304G<+,B1<120 :,4AA1< \.23!# 3+!% ;:G2,130 :;I:</4; 34/0<+A+EG&K+23,+5?452:54]EGD31:<" 35:1<4; @G
)01<424%)& (34/0<1/1:<)&+H3[2:AAD:53+B304(4A3:<; P+:; /++D45:31+<", 2:1; M1941" ‘Q])[2-:<:E45&
_+," 0.<;54;2+B,4AA20:I4@44< ;51AA4;" ,:3451<E/5+D2A1?42.E:5@443" :AB:AB:" :<; @:5A4G&&*&
(1</54;1@A4)" @443D5+;./31I13G0:25124< @G%#!1< \.23+<4G4:5&T04D5+\4/3:A2+1</A.;42:2.E:5B:/3+5G@.1A3@G
)01<424/+-D:<142" &!& D5+;./427## 3+<2+B,01342.E:54I45GG4:5&T012<+3+<AG@++232]EGD3[2B++;
&"& (24/.54) @.3:A2+/54:34230+.2:<;2+B\+@2" @51<E1<E<4,A1B43+A+/:A/+--.<13142&
+T012D5+\4/312:E:-4/0:<E45B+5;4245354E1+<2", 2:1; ’0-4; =+A1-:<" ‘Q])[2@:24-:<:E45&T04+</4F
;424534; A:<; 3.5<2E544< &#& ,:345BA+,1<EB5+-<4,,4AA2&H3[2:54:AFA1B423+5G+B0+D41< 30404:53+B304
;42453" &$& (D5+I4) 30:34I4< 3040:5;423(7(cid:130)(cid:131)2) 4<I15+<-4<32/:< 4I4<3.:AAG&%&
(35:<2B+5-) 305+.E0 1<345<:31+<:AD:53<45201D :<; 1<<+I:31+<&
#?’(!@A!%+,#-((#("
#&,!!-(%$("
(cid:132)(cid:133)*0(cid:134)(cid:135)(cid:136)(cid:137)2(cid:138)(cid:139)Q(cid:140):(cid:137)(cid:141)(cid:142)! :QSp(cid:136)(cid:139)(cid:143)(cid:144)u(cid:145)(cid:146)(cid:147)(cid:148)(cid:149)(cid:150)(cid:151)"(cid:152)1%(cid:153)(cid:154)(cid:155)(cid:156)(cid:157)2(cid:133)
(cid:158)[(cid:159)(cid:160)¡! ¢:£(cid:132)⁄¥*ƒ(cid:145)(cid:146)(cid:151)"§zk"|¤$
!" #I$!%"$"(!)(cid:144)'(cid:145)(cid:146)&
(")“«(cid:160)¡‹›fifl(cid:176)–!
†‡$
(!)¥Sy·(cid:181)p8#+¶•&
(")¢‚„"”(cid:128)uB-»2…(cid:181)‰(cid:190)SB!
R++; 4I4<1<E" ;4:5B514<;2’
T0:<? G+.&
#1,!!-(’$("
EF"#VW"¿(cid:192)›|¤D01$`´ˆ⁄˜¥T$"¯˘˙¨*ƒ9(cid:201)2Z[!
T04K:531<2:;+D34; 30415D43;+E=:A:;1< 34< G4:52:E+&’G4:5A:34530415;:.E0345M./14,:2@+5<&M./14E54,.D
DA:G1<E,130 =:A:;1<&(.3:231-4,4<3@G" =:A:;1< ;4I4A+D4; :53051312(C˚¸)&T04B:-1AG24<3=:A:;1< 3+C5&
’;:-2&T04GD:1; B+5304@423354:3-4<3&(.3=:A:;1<[2:53051312,:22+@:; 30:3C5&’;:-2B:1A4; 3+2:I401-&M./14,:2
+B/+.5241< 3+3:A2:;<422&
C5&’;:-2?<4,304B:-1AGA+I4:<1-:A2&=+,04< 04B+.<; :0+-4A422;+E" 0424<3304;+E3+304-&T04G,4542+
;4A1E034; 3+0:I430120:15G@5+,< ;+E:<; <:-4; 01-M+AA1D+D&’2B+53012<4,;+E" 304B:-1AGA+I4; 01-4I4< -+54
30:< =:A:;1<&]I45G;:GM+AA1D+D ,+.A; 213:3304E:34,:131<EB+5M./143+/+-4@:/? B5+-2/0++A&904< M./14+D4<4;
304;++5" 04,+.A; \.-D :5+.<; :<; M./14,+.A; D1/? 01-.D :<; 0.E01-0:DD1AG&
’B3452.DD45" 304B:-1AG,+.A; ,:A? M+AA1D+D 3+304E5:22A:<; <4:5304150+.24&K52&K:531< ,:2:A,:G2I45G/:54B.A
3+3:?4:DA:231/@:E3+/+AA4/3304,:234M+AA1D+D -:;4&=04<4I450:; M+AA1D+D -:?4:-4221< 3042.55+.<;1<E2&
K5&*+5:/40:; \.23@44< D5+-+34; 3+-:<:E4-4<3+BB1/45+B304/+--.<13G&*4,+5?4; 2+0:5; 3+-:?4304
/+--.<13G:@43345DA:/4&*4-:;42351/35.A421</A.;1<E5.A42:@+.3D432&=+-431-42040:; .<DA4:2:<3:5E.-4<32,130
:,?,:5; D4+DA4&(.3304K:531<2:A,:G2B+AA+,4; 3045.A42I45G,4AA&
^<A./?1AG" ,01A4,:A?1<E+< 304D:I4-4<3((cid:204)˝˛) +<4;:G" 2+-40+,M+AA1D+D -:;4-+54,:23430:< .2.:A&
S@I1+.2AG" 2+-4301<E,:2,5+<E,130 01204:A30&(.3@4B+54304B:-1AG/+.A; /A4:< :AA304-422" 30423:BB+B304
/+--.<13G20+,4; .D&
†‡$
(!)˜¥y·(cid:181)p!%#+¶•&
(")¢‚„"”(cid:128)uB-»2…(cid:181)‰(cid:190)SB!
T04G3++? M+AA1D+D :,:G1< :/:E4" 2:G1<E304+,<452;1;<[3B+AA+,3045.A42&
*4:51<EC5&’;:-2[,+5;2" K5&*+5:/454:A1Z4; 04-12.<;4523++; 304K:531<2&
!" #"$!%"$"
