文档内容
!""#$%
#$#%*!"’+,-%./012
&!!’
!"#$!%$$!%&’(!#$$)"
()*+!
!&*+,!-./0123#4%56789&":*+;?@AB9*+
;<1CDEF"
#&GH+6IJ9*+;%6<=>?@3A5&$B&CDEF +&(&,"AGHCGIJ
KGH%9L6<=>?$MN@!$OPFQRSTU@V5&WXY:35&%6<
=>ZY3[%
\’-./01234563753486(
+&9!:&!%& (&9:&!"& ,&9:&!%&
U]^,%
!&-./012345637;7<=.>8?@./(
+&A%$& (&A’$& ,&A#$&
#&B37@/4CC6375D7>;7850776(
+&+6!!’!%>&0& (&+6!!’#%>&0& ,&+6!!’’%>&0&
’&B3>645637/7>6378D8.=>=C4@<&
)&B3>6?.75637/.0>@/>@66.;77D(
+&+?.G& (&+2>6& ,&+0.157&
%&B3787>876375D7>;7850.56D8.=>=C<(
+&+6>2.0D1678C>=& (&+6>D84@653.D& ,&+6>C4=8>8<&
’+4!!)!%5A&!&%7$87##&%7"
9:;%<=>_‘a%6<=>_‘a?@bA5&$B&CDEF +&(&,"A
GHCGIJKGH%96<=>_‘ac$Md@QRXYeA5&$65&%OP#9
L?$e5&dEI%OPFfUQR%6<=>_‘aYg[%
9’H;785D16>@7I68>D4727.J=87>?4@>=>G4@637D>56(
+&K.>L.4?=74@GJ4@7?&
(&K.0>;7637=>GC..;J1CC&
,&K.5>645J<637482156.0785&
*&B3>645637D8.=>=C787C>64.@534D=76/77@6375D7>;785(
+&E68>@G785& (&B.8;0>675& ,&F7C>64L75&
!"#$%&!’!!!!!(!)"("
书书书9’*6>876375D7>;7850>4@C<6>C;4@G>=.16(
+&+C>@G1>G7& (&+=..;& ,&+D.70&
:&B3>63>DD7@7?6.637G48C4@63756.8<(
+&E3768>L7CC7?>=8.>?& (&E372>07=>2;3.07& ,&E37561?47?.L7857>5&
!$&B3.D8.=>=C<2.1C?5D7>;,34@757(
+&K370>@& (&K37/.0>@& ,&K37/.0>@M5J>6378&
9’"6;4@?.J5D.8652C>55?.756370>@/>@66.N.4@(
+&O@763>645L78<23>CC7@G4@G&
(&O@763>6457>5<>@?6407P5>L4@G&
,&O@763>63>5>J4I7?5237?1C7&
!#&B3>6?.756370>@5><>=.16637<.G>2C>55(
+&Q6M56..?4JJ421C6&
(&Q63>5>G..?5237?1C7&
,&Q6M5D78J726J.8=7G4@@785&
!’&B3>6456375237?1C7.J6375/4004@G2C>55C4;7(
+&O@C<.@/77;?><5& (&O@C<.@/77;7@?5& ,&RC7I4=C7&
!)&B34235D.8652C>55/4CC6370>@D8.=>=C?04@6.@2C>55& (&K37=>5;76=>CC2C>55& ,&K37<.G>2C>55&
9’:66370>@4587>?4@G(
+&E.D347(C>2;>CC& (&S4@?5>6642;& ,&->88<,.C7=.18@&
!H&B3>6/>5+&+&T4C@7M556.8<=>57?.@(
+&+684D6.,>@>?>& (&-455.C?4784@G?><5& ,&-455.@M57ID7847@27&
!*&-./?.75637/.0>@J77C>J67837>84@G>=.16637=..;(
+&E18D8457?& (&Q@6787567?& ,&U45>DD.4@67?&
9’!$645VWT+(
+&+2C.634@G2.0D>@<&
(&+@7@L48.@07@6>C.8G>@4X>64.@&
,&+/7=5467J.2154@G.@4@@.L>64.@&
!:&-./0>@5642=.66C75>87@77?7?6.0>;7>53486(
+&)& (&%& ,&!$&
#$&B3>6?.75+C4>634@;.J637D8427.J2C.63750>?7J8.0DC>5642=.66C75(
+&Q6/4CCG.?./@& (&Q64587>5.@>=C7& ,&Q645C./78&
,6./!78"234#5/#"/$
’34!!)!%5A&#&%7$87’*&%7"
XY:klm$B6&DEF+&(&,&UnAGHCGIJKGH%
$
%&’()*+,-&./*0&123.&*4205/26.73+
E;4864@G637J..634CC5.J637E4788>Y7L>?>0.1@6>4@8>@G7$-4G3/><):68>L7C54@>@?
.16.J0.L47P/.8636>87=15<>G>4@&Q6568762375638.1G3%$$PDC15
04C75.J,7@68>C>@?Y.86378@,>C4J.8@4>4@4657@64876<$=16<.1MCCJ4@?63787G4.@M50.56
@.67/.863<34G3C4G365=76/77@Y7L>?>,46<>@?Z8.L7C>@?)637C>6678.J/3423.JJ785>
[142;?76.18!op"4@6.\.570467Y>64.@>C]>8;&+C.@G637/><$<.1MCC577C.65.J
=7>164J1C2.1@68<54?7L47/5$4@2C1?4@GL4@7<>8?5!qrs"/463C.65.JC7>L75$>0>X4@G2>L75$
>@?2C7>85/4004@G5D.65&
!"#$%&!’!!!!#(!)"("8(93972:72;’Q@Y7L>?>,46<$^46;46?4XX4?45DC><5>@40D87554L75>0DC4@G.JC.2>CC<
0>?73.07G..?5$>86/.8;$>@?=7>160<
5/4004@G3.C75>C.@G637E.163R.8;.J637\1=>F4L78.JJ78>87J87534@G5/40&-7>?
>=.166/.3.1855.1636.E16678,877;/3787637/..?7@54?7/>C;5>@?OC?B756J8.@65
0>;7J.87I27CC7@6/4@?./53.DD4@G$/46356.D5>6637J8.X7@P4@P6407T.@67L78?7E6.87
T15710>@?\.8=>B4@75J.8>6>567.J6375188.1@?4@G,>C4J.8@4>E37@>@?.>3_>CC7<+_+&
8(939729*7’K37>C/><5=154@ Y7L>?>,46<578L752.@670D.8>8<28./?
DC7>57855123>5.<56785!tu">@?D.8;23.D54@637!"%HY>64.@>C‘I23>@G7-.67C&
K3486<04C75>/><4@+1=18@$Q;7?>M545>8.>?684DJ>L.1846763>@;56.J8146J8.0637
./@785MJ>80$3.070>?7D475$>@?2C>554253.86P.8?78J..?&]>=46.M5(>572>0D45T18D3<
_4CC>G7M56>2.6812;D>87I27CC7@27&
8(93972:7*+’->L7J1@4@+0>?.8,46<$,>C4J.8@4>M550>CC7564@2.8D.8>67?6./@$>6
637!"*:Q0D784>C-.67C/46356C8..05>@?2.66>G75>@?>@>60.5D37842
?4@4@G8..0/463J>@2=4G246<&
#!&B3>645>@.6>=C7J7>6187.J-4G3/><):(
+&Q6>L.4?50.1@6>4@.15>87>5& (&Q6568762375C75563>@%$$04C75&
,&Q6455146>=C7J.857@4.868>L7CC785& U&Q6D>5575638.1G30>@<=15<6./@5&
##&B3>645>872.007@?7?>264L46<4@E16678,877;(
+&_45464@G637L4@7<>8?5& (&‘>64@G>6]>=46.M5(>572>0D&
,&E/4004@G4@637\1=>F4L78& U&E3.DD4@G.@/..?7@54?7/>C;5&
#’&B378745637!"*:Q0D784>C-.67CC.2>67?(
+&Q@+0>?.8,46<& (&Q@+1=18@&
,&Q@Y7L>?>,46<& U&Q@Z8.L7C>@?&
<
QML7C4L7?4@‘@GC>@?J.8!*<7>85@./=16564CCL4L4?C<872>CC637J48566407Q/7@6J.8>
5/40.@>3.6510078?><&K37/>678/>55.42<63>6466..;0<=87>632.0DC767C<>/><&
Q2C40=7?.16$53.2;7?>@?564CC5681GGC4@G6.=87>637&R.8!*<7>85$Q3>?2>87J1CC<
>L.4?7?637/>678&Q@7L78/.1C?3>L740>G4@7?63>6QM?=7C..;4@GJ.8/>8?6.>?>4C<5/40
4@63757>$7L7@4@637?7D63.J/4@678/37@637/>678?8.D56.aHb&
Q2>@M6[1467=7C47L7460<57CJ&Q?.@M6C4;7?452.0J.865$75D724>CC<6372.C?&Q.J67@
3>L72.C?3>@?5>@?J7764@637/4@678&Q@7L786>;72.C?53./785>@?>?.870<287>6187
2.0J.865&QC4;7>G..?6342;0>668755!vw"&Q3>?6.=1<>0>6687556.DD78=72>157Q
2.1C?J77C637=166.@5?75D4676376342;0>668755D8.6726.8&\75$QM063787>CD84@2755>@?
637D7>&
Q/.1C?@M63>L77L7@2.@54?787?57>5/4004@G/463.1663751DD.86.J087?63>62.C?/>6785/4004@G/>5G87>6J.8=..564@G<.184001@7!xy"5<5670&Q6
618@5.164645G87>6J.8C.65.J.6378634@G56..&Q6C./785637845;.J+CX374078M5!z{|}
~(cid:127)">@?37CD5/463?7D87554.@$>0.@G.6378=7@7J465&(16/3>6QC4;7=7564563707@6>C
2C>846<&V10D4@G4@6.42678[142;C<2C7>85>/><>CC63707@6>CJ.G4@0<37>?&Q6M5
6.6>CC<87J87534@G&
QJ<.1>87J77C4@G>=465C77D<>@?6487?>66377@?.J>?><$@.634@G/4CC87J8753<.1
J>567863>@>@42;7>3.6=>63>J678/>8?56./>801D$<.1MCC5C77DC4;7>
=>=<&Q@J>26$Q>L.4?6>;4@G>3.6=>63>J678/>8?54@6370.8@4@G=72>157460>;75076..
5C77D<&
B3>6Q@.6427?4563>6J.8637J485664074@<7>85$Q?4?@M6G76>2.C?&Q@J>26$Q3>L7@M6
=77@542;54@2756>864@G57>5/4004@G&K37=4GG75687L7C>64.@/>5@M663>6QM06.1G37863>@
Q63.1G36&F>637846/>563>646/>57>54786.>?>D66.?4JJ421C6D3<542>C23>CC7@G7563>@Q
3>?7ID7267?&
!"#$%&!’!!!!’(!)"("#)&B3163.807@64.@*63787>CD84@2755>@?637D7>+4@]>8>G8>D3#(
+&K.568755378?45C4;7.J57>5/4004@G&
(&K.53./37857@5464L46<6.?452.0J.86&
,&K.?70.@568>67378C.L7J.8C1I18<&
U&K.7ID8755378D87J787@27J.82.C?53./785&
#%&B3>6M5637=4GG756=7@7J46637>163.87@N.<5J8.057>5/4004@G(
+&‘@3>@27?07@6>C53>8D@755& (&Q0D8.L7?D3<542>C37>C63&
,&(766785C77D[1>C46<& U&F7?127?845;.J+CX374078M5&
#H&B3>62>@=7C7>8@7?>=.16637>163.8J8.0637C>56D>8>G8>D3(
+&E3745568.@G7863>@7ID7267?&
(&E3787G876556>864@G57>5/4004@G&
,&E37C4;75J>24@G23>CC7@G750.8763>@537157?6.&
U&E37J.1@?>?>D64@G6.23>CC7@G757>547863>@63.1G36&
#*&B3423.J637J.CC./4@G2.1C?=7637=756646C7J.863767I6(
+&T4C@?
(&OL782.04@GR7>8.J,.C?B>678
,&K37,3>CC7@G75.JE7>E/4004@G
U&T678E/4004@G
/
]7.DC7.J67@53./6373.C4?><5>5D78J72664075&(16J.80>@87@65$68<4@G6.87>23
G.>C563>6>876..34G3?184@G6373.C4?><52>@0>;76370J77C=>?>=.16637057CL75>@?
5687557?.16&
+50.63785>@?234C?D5<23.C.G4565$/7ML7577@3./6373.C4?><5J.8270105>@??>?5
4@6.*518L4L>CD>87@64@G+$>@>DD8.>234@/3423637J.21545.@540DC<&B37@63.573.C4?><2..;475@77?=>;4@G$63787M5@.64076.67>23>234C?3./6.28>2;
>@7GG&T.63785>@?J>637856.?><>87=15478&O188757>82353./563>6J.2154@G.@C<.@
G7664@G638.1G3637?>@?56842678D>87@64@G
=73>L4.185&
Q@D>87@64@G518L4L>C56@??>?567@?6.<7CC?70>@?5>@?2846424X763748
234C?87@M5=73>L4.18$>5.DD.57?6.634@;4@G638.1G363748875D.@575&E687557?P.16D>87@65
>87[142;786.2846424X7C466C7634@G563>6G764@637/><.J>22.0DC4534@G4007?4>67G.>C5$
5123>55D4CC4@GJC.18.@637JC..8/34C70>;4@G2..;475&+@?637<>875C./786.@.6427>@?
>2;@./C7?G763748234C?M55687@G635$5123>5637484@6787564@37CD4@G4@637;46237@&K37
8751C6450.87568755>@?C755N.<&
B7J.1@?.1857CL7513*.7&=*00+68<4@G6.G767L78<634@G?.@74@.18?>@<
51DD.86$5. /7D1537?.18234C?87@6.3188<1D$56.D?>/?C4@G!(cid:128) (cid:129)"$@.60>;7
0456>;75&B7/787C4L4@G0.07@66.0.07@68>637863>@634@;4@G638.1G3637D.67@64>C
C.@GP67802.@57[17@275.J.18=73>L4.18&
S12;4C<$0>;4@GD>87@64@GJ1@>G>4@457>5<&E774J<.1M876..J.2157?.@/3>6<.1
634@;<.153.1C??.$C4;7*Q53.1C?J4@4532..;4@G>CC=<0<57CJ+$.8*Q53.1C?J4@4536345
N.=4@.@73.187L7@/4636/.;4?5>8.1@?+&Q@567>?$87DC>27*53.1C?+/463*>068<4@G+.8
*/.1C?C4;76.+$>54@$*Q>068<4@G6.J4@453/8>DD4@GG4J656.?><+$.8*Q/.1C?C4;76.
DC>224?7@6>CC<=>;7?/4635>C64@567>?.J51G>8>G7=76678/37@637<
>87>22.0D>@47?=1G3678>@?C.L7&K37572876456>;4@G637D8755187.JJ518L4L4@G637
0.07@6>@?87J.2154@G.@637J16187<.1/>@66.287>67&
#"&B3>645*518L4L>CD>87@64@G+>22.8?4@G6.63767I6(
+&+@>DD8.>236.67>234@G234C?87@C4J75;4CC5&
(&+/><.JD>87@64@GJ.2154@G.@?>4C<6>5;5&
,&+0763.?6.37CD234C?87@>2347L7G.>C5&
U&+5687@64@G/463C.@GP6780DC>@5&
!"#$%&!’!!!!)(!)"("#:&B3>62>@/74@J78>=.16D>87@65/3.>872>1G364@*518L4L>CD>87@64@G+(
+&K37C5&
(&K37<>870.87D>647@6/46363748234C?87@&
,&K37<>870.87C4;7C<6.2846424X763748234C?87@&
U&K37<>87/4CC4@G6.D8>45763748234C?87@J.8637485687@G635&
’$&B3>6?.756371@?78C4@7?/.8?*J8>@642>CC<+4@]>8>G8>D3)D8.=>=C<07>@(
+&,>C0C<& (&T>?C<& ,&EC./C<& U&,>87J1CC<&
’!&B3>6456376.@7.J637C>566/.D>8>G8>D35(
+&-.D7J1C>@?7@2.18>G4@G& (&,84642>C>@?N1?G07@6>C&
,&E>?>@?87G876J1C& U&-10.8.15>@?4@J.80>64L7&
>
K375681261875$;@./@>5+16.@.0.15F77J T.@46.84@GE681261875$>87D4C75.J
DC>5642DC>67563>62.D<637568126187.J>2.8>C877J!(cid:130)(cid:131)(cid:132)"$D8.L4?4@G3.075J.8L>84.15
57>287>61875&K371@4653>L7=77@J4I7?6.63757>JC..8>657L7@54675&K37C.2>64.@5/787
23.57@>5637<87D8757@6?4JJ787@63>=46>6[1>C46<$5>4?0>84@7=4.C.G456-1>@GU>@/74
J8.0 Y>64.@>CW@4L78546<.JE4@G>D.87$/3.45637C7>?8757>82378.J637561?<&R.8
7I>0DC7$6372.8>C877J3>=46>65>6F>JJC75S4G363.157>@?E456785MQ5C>@?5T>84@7]>8;>87
5.07.J6370.56?4L78574@6372.1@68<$/34C7]1C>1E70>;>13>52.8>C877J563>6>87
2.0D>8>64L7C<0.87?7G8>?7?&
OJ637)#1@46563>6/787DC>27?$3>CJ/4CC=7C7J61@?78/>678J.8><7>8$/34C76378756
/4CC870>4@63787J.86/.<7>85&+J6787>23.J637576407D784.?5$8757>823785/4CC=84@G
=>2;6375681261875>@?6>;7637DC>675>D>864@637C>=.8>6.8<6.7I>04@7637C4J7C4L4@G4@
6375681261875?184@G?4JJ787@6D784.?5&
F757>823785/>@66.C7>8@0.87>=.166372.8>CM5*282.8>C877J63>667@?56.752>D7>667@64.@)>5D>86.J637
572.@?,.0D8737@54L7T>84@7(4.?4L78546@@.1@27?=<637Y>64.@>C]>8;5(.>8?
8727@6C<&K37J4856518L7< />5>J4L7P<7>87JJ.861@?786>;7@J8.0 #$!$6.7I>04@7
E4@G>D.87M50>84@7=4.?4L78546<4@?4JJ787@63>=46>65&Y./$637572.@?518L7<$>C5.
7ID7267?6.6>;7>=.16J4L7<7>85$/4CC2.L78@7/>87>5>@?0>;7157.J@.L7C6723@4[175$
>5/7CC>50.=4C7UY+C>=563>67@>=C75247@645656.D78J.80>@>C<575.@637G.&
+@>40.J637572.@?518L7<456.756>=C453>=4.?4L78546<=>57C4@7.JC.2>C;7<0>84@7
>87>563>60><=740D>267?=5C>@?872C>0>64.@!(cid:135)(cid:136)(cid:137)(cid:138)"&
‘56>=C4534@G>=4.?4L78546<=>57C4@787J7856.637287>64.@.J>*2372;C456+.J?4JJ787@6684@7.8G>@4505>@?63748C>8G7[1>@6465D724J42>87>&
E4@G>D.873>5C.56.L78H$c.J4652.8>C877J5.L78637?72>?75?176.?7L7C.D07@6>C
/.8;$>@?637561?C5.37CD6.1@?7856>@?3./637?7L7C.D07@6.L78637D>56%$
<7>853>5>JJ7267?6370>84@77@L48.@07@64@E4@G>D.87&
’#&B364.@523.57@J.8J4I4@G6371@465(
+&K37<>877>5<6.>22755&
(&K37<>87J>8>/>@>264L46475&
,&K37<2.L78>8>@G7.J?4JJ787@63>=46>6[1>C46<&
U&K37<>874@>87>5/4635784.15C?7?2.8>C877J5&
’’&B3>62>@/7;@./>=.16637)#1@465DC>27?1@?78/>678(
+&K37?7.J076>CDC>675&
(&K37JC..8>654I54675&
,&->CJ.J6370/4CC=76>;7@=>2;>J678.@7<7>8&
U&->CJ.J6370/787J4I7?>6F>JJC75S4G363.157&
’)&B3>6M5637D18D.57.J637572.@?,.0D8737@54L7T>84@7(4.?4L78546?7?2.8>C877J5&
(&K.7I>04@76375681261875DC>27?1@?78/>678&
,&K.J4@?.160.87=7>164J1C2.8>C877J54@E4@G>D.87&
U&K.576>=4.?4L78546<=>57C4@7>@?>55755637?7L7C.D07@6M540D>26&
!"#$%&!’!!!!%(!)"("’%&B37874563767I60.56C4;7C<6.=76>;7@J8.0(
+&+J>534.@0>G>X4@7& (&+8757>82387D.86&
,&+68>L7C=8.23187& U&+=4.C.G<67I6=..;&
’+4!!)%5A&#&%7$87!#&%7"
XY:;lm$Blm?FGHCGI(cid:139)(cid:140)(cid:141)(cid:142)(cid:143)a(cid:144)FJKGH%GHC@gH(cid:145)
(cid:146)(cid:147)GH%
QJ<.1ML7=77@C7>8@4@G‘@GC453J.8>/34C7$<.10><3>L7@.6427?63>6@>64L75D7>;785
.J67@1574?4.054@2.@L785>64.@5&(16?.<.1;@./3./6.C7>8@4?4.05( K8<63757J1@
/><5&
?5&2@A6&BB9:
K3787>87DC7@6<.J.@C4@7[14XX75>L>4C>=C763>65D724J42>CC@;7I78245756.37CD<.1D8>264574?7@64J<4@G>@?154@G4?4.052.88726C<&!’H!
/2.C93:*7&2.*09D93=&:9:
R4@?>C>@G1>G77I23>@G7D>86@78.8>J847@?/3.45>@>64L7‘@GC4535D7>;78>@?
7@G>G74@2.@L785>64.@5/3787<.1D18D.57C<4@2.8D.8>67!(cid:148)(cid:149)(cid:142)"4?4.05&!’*! K345
/4CC@.6.@C<6756<.18;@./C7?G7.J4?4.05=16>C5.G4L7<.187>CPC4J7D8>264274@154@G
6370&
?5&2@10*:(=*35:
,87>67<.18./@576.JJC>532>8?5/4634?4.05.@.@754?7>@?6374807>@4@G5.@637
.637854?7&!’"! K345/4CC37CD874@J.827<.181@?7856>@?4@G.J4?4.05>@?40D8.L7<.18
070.8<.J6374807>@4@G5&
?5&2@’*@9:
S..;J.8=.>8?G>075.8.@C4@7G>07563>6J.215.@4?4.05&K3757G>075.J67@87[1487
<.16.0>6234?4.05/4636374807>@4@G5.815763702.88726C<4@57@67@275&!’:!
(754?75$46M5>G87>6/><6.6756<.18;@./C7?G7.J4?4.054@>J1@>@?4@678>264L7/><&
!)$!Q6M5>=.1623>CC7@G4@G<.1857CJ$C7>8@4@GJ8.0<.180456>;75$>@?2.@64@1.15C<
40D8.L4@G<.181@?7856>@?4@G>@?15>G7.J4?4.0>6427ID87554.@5&E.$3>L7J1@67564@G
<.18 ;@./C7?G7 >@? ;77D C7>8@4@G >@? 4@2.8D.8>64@G 4?4.05 4@6. <.18 7L78<
2.@L785>64.@5,
+&S7>8@4@G4?4.056>;756407>@?D8>26427&
(&]C><4@G63757G>0752>@=7=.637?12>64.@>C>@?7@6786>4@4@G&
,&!"#$%&’()%*+,*-)./+045J8776.DC><>@?7@N.<@./C.>?5.J/.8?D1XXC75&
U&K756<.1857CJ87G1C>8C<=66374?4.0>@?68<4@G6.872>CC46507>@4@G&
‘&K8<154@G4?4.05D8.D78C<>@?5774J<.18D>86@782>@1@?7856>@?6374807>@4@G5&
R&W57563757675656.23>CC7@G7<.1857CJ>@?5773./0>@<4?4.05<.12>@G762.88726&
Z&F7070=78$67564@G<.18;@./C7?G7.J4?4.0545@.6>=.16G7664@G7L78<4?4.0
84G36&
,9./!’:;$"234#5/!"/$
’34!!)!%5A&!7$87!%7"
XY:;lm$B6&DEF+&(&,&UnAGHCGI(cid:139)(cid:140)(cid:141)(cid:142)(cid:143)a(cid:144)FJKGH%
Q=72>07>G14?7?.G1578!#<7>85>G.>50<4@?7D7@?7@27>@?2.@J4?7@273>?
/.857@7?&T534G3$>@?Q/>@67?6.34?7>/><&
Q3>L7=77@54G3640D>487?!(cid:150)(cid:151)"54@27=4863&->L4@G>G14?7?.G3>5.J67@=77@
!)#!638.1G3.160@>0>X4@G
!"#$%&!’!!!!H(!)"("G14?7)37!))! 0C>@??.26.8M5>DD.4@607@65>@?7L7@
51DD.867?07>6D>87@65M7L7@65&Q56>867?G.4@G.160.87>@?>667@?7?>?1C67?12>64.@
2C>5575&Q=7G>@6.!)%!>@?J77C0.87D.5464L7&
QML7J>27?>C.6.J!)H! /37@7@6784@G53.D5>@?G7664@G87J157?=<6>I4?84L785
=72>157.J=74@G!)*!=<054.@5>87J7/=16!)"!37>L4C<.@
07>@?2>157>@I476<&-./7L78$0.56D7.DC7>8787>CC678J.8
637?.G>@?2372;4@G637<>872.0J.86>=C7&
B37@+8@47!%$!>J67857L7@>0>X4@G<7>85/.8;4@G=754?707$QG.6!%!!6.637
C.L7CL7CC7?4@?7D7@?7@6C<>8.1@?(846>4@$>@?37!%#!7@N.<568>4@5>5/7
L45467?J847@?5>@?>667@?7?2.@J787@275&-7455.C4?4@345/.8;&
QG765.0123N.<>@?!%’!J8.0637575D724>CD>86@78534D5>@?=.@?5/4630@?W843>L7!%)! 076.2.D7=76678/463>@!%%! /.8C?4@637C>56!#
<7>85&
)!&+&D84?7 (&>@I476< ,&>@G78 U&3.D7
)#&+&?4521557? (&2.@J4807? ,&J.8G.667@ U&4G@.87?
)’&+&27@687?.@ (&752>D7?J8.0 ,&D>557??./@ U&=.1@27?4@6.
))&+&540DC4J47? (&>?0487? ,&23>@G7? U&814@7?
)%&+&6.C78>67 (&L.C1@6778 ,&37546>67 U&5681GGC7
)H&+&.DD.861@46475 (&23>CC7@G75 ,&N.<5 U&518D84575
)*&+&>22.0D>@47? (&>0>X7? ,&J.CC./7? U&G1>8?7?
)"&+&?7D7@? (&J.215 ,&/74G3 U&?>/@
):&+&?4504554L7 (&2184.15 ,&D>647@6 U&51DD.864L7
%$&+&876487? (&872.L787? ,&?45>DD7>87? U&752>D7?
%!&+&157? (&>668>267? ,&0>6237? U&2.0D>87?
%#&+&@7>8C< (&D>86421C>8C< ,&5C4G36C< U&572876C<
%’&+&687>5187 (&D8755187 ,&4@5D48>64.@ U&4@?7D7@?7@27
%)&+&J.827? (&4@L467? ,&>CC./7? U&68>4@7?
%%&+&4@>227554=C7 (&1@J>48 ,&4@>264L7 U&1@5>J7
’+4!!)!$5A&!&%7$87!%7"
XY:;lm$(cid:152)(cid:143)a(cid:144)(cid:141)(cid:142)!A(cid:153)(cid:154)F(cid:155)(cid:156)_(cid:157)(cid:158)(cid:159)(cid:155)(cid:156)F(cid:160)¡¢£%
E67D3>@47Z4C0.87$>@+1568>C4>@P=.8@D8.J7554.@>C518J78$!%H!!?.04@>67"637
518J4@G527@77L7854@27378568.@G56>864@#$$*&!%*!!@>07"->DD157.J
378!%"!!23778"D785.@>C46<$5373>5=77@/7CCPC.L7?=<518JJ>@5/.8C?/4?7&
Z4C0.873>5=77@518J4@G>6+1568>C4>M5Z.C?,.>5654@27537/>567@&-78518J4@G
2>8778=7G>@/37@53756..?!%:!>=.?<=.>8?>6637>G7.J!:&(16$>5<.1@G>5!*$
537/>5>C87>?<7@6784@G/.8C?6.187L7@65>5!H$! /4C?2>8?2.0D7646.8&
-78>6670D65D>4?.JJ$!H!!!56>86"/463378L426.8<>6637#$$%F.I<]8.Z.C?
,.>56&E4@27637@$5373>5;7D6/4@@4@G>@?2.1C?@M6=756.DD7?&+J678>2347L4@G637
572.@?51227554L7/4C?2>8?7L7@6$!H#![1>C4J47?378J.8637#$$*+E]B.8C?K.18$637
8756453456.8<&
-78C>56 /.8C?646C7 />54@#$!"$>@?537>DD7>87?4@ K.;<. OC<0D425#$#$
87D8757@64@G+1568>C4>>C.@G54?7E>CC8?4@G518J4@G$E67D3>@4753>875$*B>L75>87 !H’! !6817">668>264L7&K37<
!H)!!J.80"=<637/4@?J>8.16>657>>@?53>D7?=84.15/4@?5>5637<>DD8.>23637
53.87&+5518J785$/784?7637J4@>C0.07@65.J>/>L7M57I4567@27=7J.874628>5375>@?
?45>DD7>85$@7L78!H%!!577">G>4@&+
!"#$%&!’!!!!*(!)"(",<./!=>"234#5/,"/$
’34!!87!%7"
⁄¥M^ƒ§%¤'“«SF‹›fiV>2;fl(cid:176)–†$‡·(cid:181)¶M•‚(cid:153)„”»–†F
(cid:136)…%‰ME‡·3(cid:190)T(cid:181)$(cid:159)¿(cid:192)(cid:157)’
!&`´3Aˆ˜F–†(cid:136)¯(cid:149)˘˙¨(cid:201)#
#&˚‰‡3¸»–%
(cid:204)˝’
!&·f(cid:156)˛ˇ(cid:145)"$A—(cid:209)#
#&‰(cid:210)(cid:211):(cid:212)£(cid:152)U&(cid:213)F(cid:214)ˇ(cid:215)(cid:216)fU%
U7>8V>2;$
\.185$
S4-1>
’+4!!87#%7"
XY:;hi$(cid:217)(cid:218)(cid:219)(cid:159)¿WDE<(cid:220)(cid:137)(cid:221)$(cid:222)·g<$(cid:148)(cid:223)(cid:224)Æ3(cid:226)LªFlm%
+5QD8>26457?=>CC760.L754@J8.@6.J6370488.8$Q51??7@CCC<542;&Q8>@6.
637=>638..0>@?;@7C6?./@$J77C4@GC4;7Q04G36638./1D&K37@$7L78<634@G4@J8.@6.J
0<7<75G.61@2C7>8&T<37>86/>5D.1@?4@G$>@?QJ7C65.52>87?63>6Q2.1C?@M62>6230<
=87>63&
*T10,+Q5287>07?&B4634@572.@?5$0<010E15>@81537?4@6.637=>638..0$378
J>27J1CC.J/.88<&E37G8>==7?0<53.1C?785G7@6C<>@?6847?6.;77D072>C0&*Q2>@M6
577$+Q5>4?$67884J47?$67>8556>864@G6.=C18!(cid:148)(cid:228)(cid:229)(cid:230)"0CC4@G>@>0=1C>@27$+53787DC47?$378L.42753>;4@GN156>C466C7&
+66373.5D46>C$Q3>?C.65.J67565>@?687>607@65&(16>5637/77;5/7@6.@$63787
/>5@.54G@.J40D8.L707@6&Q6/>5.@C@7<7675663>6637?.26.85D.667?
5.07634@G.@0<=8>4@&
*Q62.1C?=7>610.18!(cid:231)Ł"$+53751GG7567?&-7>84@G63>6/.8?5$0<37>865>@;&
V156!%<7>85.C?$Q/>5561?<4@GJ.80@??87>06.J=72.04@G>D8.J7554.@>C
?>@278&B34C7>/>464@G67565$Q/.@?787?4J63>6?87>0/.1C?7L782.076817&F>637863>@
2>@278$6756587L7>C7?Q3>?>8>87=8>4@2.@?464.@2>CC7?Q?.D>63424@68>28>@4>C3@7@6C<&T< ?87>05.J=72.04@G>
D8.J7554.@>C?>@27857707?6.5C4DJ186378>/>23D>554@G?><&
K37687>607@6/>56.1G3&Q@77?7?6.3>L757L78>C5D4@>C6>D5!(cid:238)(cid:239)(cid:240)æ"6.87?127
637D8755187$>@?63754?77JJ7265.J63707?42>64.@5C7J6076487?>@?/7>;&U>@24@G$
/34233>?.@27=77@ 0<752>D7>@? 0554.@$/>5@./40D.554=C7&K37D3<542>C
D8755187/>56..0123$>@?637845;.JJ1863784@N1856..34G3&QJ7C6C4;7>D>86.J07
3>?=77@6>;7@>/><&
(cid:204)˝’
!&(cid:222)·(cid:156)˛ˇ(cid:145)!%$A—(cid:209)#
#&‰(cid:210)(cid:211):(cid:212)£(cid:152)U&(cid:213)F(cid:214)ˇ(cid:215)(cid:216)fU%
!!(167L7@4@637?>8;7560.07@65$Q87J157?6.G4L71D&
!!B4630<010M57@2.18>G707@6$Q54G@7?1DJ.8>=7>16<2.1857&
!"#$%&!’!!!!"(!)"("
