...

Paulo Henrique Sabino

by user

on
Category: Documents
8

views

Report

Comments

Transcript

Paulo Henrique Sabino
23456789
488
48
3396
8868983453693
454
36638
693
9838898368
896623696
!"#!"$%&#'()$*#$$
+98363,
733-
5./0.12
3456
23456789
48848
3396
8868983453693454
36
638
6939838898368
896623696!"#!"$%&#'()$
*#$$+98363,
733-
7899:;<=>?@ =A;:9:B<=C= D
EB8F:;98C=C:G:C:;=HC:I=F;=9J
K@L@ A=;<: C=9 :M8NOBK8=9 C@
P;@N;=L=C:PQ9RS;=CT=>?@:L
UB<@L@H@N8=J V;:= C:
K@BK:B<;=>?@ UB<@L@H@N8=JA=;=
@W<:B>?@C@<X<TH@C:L:9<;:Y
Z;8:B<=C@;
7;Y[HK8C:9\@8B@]TB8@;
53
32
3456
^_`._.a.bcd0ef^_.%b.gc0.h.i%bc^1a%j.h%%0.klch%^_`.
.a.bcd0ef^_.h.^gb^ca%_.4m^/%01^ae0^.h.453n_cjh.hc1^mfc0j.hc1
i%bc+.-i0oi0^c+.-.pac0+.-q
r=W8B@JP=TH@s:B;8tT:C:r8tT:8;=Y
Uu:8<@C:8B9:<8K8C=9T<8H8v=C@9B=KTH<T;=C@<@L=<:8;@B=
8Bu:K<8F8C=C:C:B:L=<@8C:9:B<@L@A=<@NOB8K@9wxyz{y|{y}~
€~|‚€~ƒ~y:„yxy|‚|…~†‡zxzƒ~}~ˆ‚{y{ƒzƒ‰ŠU\[‹Z7[Œ
s[Ž7‹7[‘P=TH@s:B;8tT:C:r8tT:8;=r=W8B@Y’I=F;=9Œ
EGI[J“”•–Y
——AY
7899:;<=>?@‰L:9<;=C@=K=COL8K@’EB8F:;98C=C:G:C:;=HC:
I=F;=9J“”•–Y
Z;8:B<=C@;‰=Œ[HK8C:9\@8B@]TB8@;Y
Ž8WH8@N;=u8=Y
•Y˜@B<;@H:Ž8@HQN8K@Y“Y˜@B<;@H:[99@K8=C@Y™Yr:H:<8F8C=C:Y
YEB8F:;98C=C:G:C:;=HC:I=F;=9YY‹X<TH@Y
ZK@B<:šC@C:9<=@W;=›C:;:9A@B9=W8H8C=C:C@‰==T<@;‰=:C:9:T
:B<=C@;‰=Y
23456789
48848
3396
8868983453693454
36
638
6939838898368
896623696!"#!"$%&#'()$
*#$$+98363,
733-
7899:;<=>?@ =A;:9:B<=C= D
EB8F:;98C=C:G:C:;=HC:I=F;=9J
K@L@ A=;<:C=9:M8NOBK8=9C@
P;@N;=L=C:PQ9RS;=CT=>?@:L
UB<@L@H@N8=J V;:= C:
K@BK:B<;=>?@UB<@L@H@N8=JA=;=
@W<:B>?@C@<X<TH@C:L:9<;:Y
[PZœ[7Z:L••C:u:F:;:8;@C:“”•–
7;Y[HC@L=;8@r=B<@Š:N;89@H8]TB8@; U\Ž[P[
7;YITX9˜HVTC8@P=<:;B@r8HF:8;= EGI[
7;Y[HK8C:9\@8B@]TB8@;
Z;8:B<=C@;
53
3
3456
žŸy ƒ¡|z{€¢z‚‡yx‚‡~ƒ~†y‡‚|z~¡
£ yyƒx¤€‚}z¥‚y}x‚‡‚ƒ‚ƒ}‚}y{x‚ƒ
‡~{‡‚¦}y§‚|¨~ƒ~|~ƒy¥ z|§z|}y{~©‚|{~‡~‡~ªz‡~¡
ZGUU«Z





















ž‚ƒ}y ƒ~zƒ¡¬‚†y|x‚y­y|y{z€y
y~}z{…~{~}‚|~‡~®z€¯~{y
7U7˜Z
3
38896
°EB8F:;98C=C:G:C:;=HC:I=F;=9:=@7:A=;<=L:B<@C:UB<@L@H@N8=
A:H=@A@;<TB8C=C:A=;==;:=H8v=>?@C@\:9<;=C@Y
[@A;@u:99@;[HK8C:9\@8B@]TB8@;A:H=@;8:B<=>?@:=A@8@K@H@K=BC@R9:
9:LA;:DC89A@98>?@Y
[@=A@8@u8B=BK:8;@C=G[PU\SRGTBC=>?@C:[LA=;@DP:9tT89=C@
U9<=C@C:\8B=9S:;=89Y
[<@C@K@;A@C@K:B<:C@7:A=;<=L:B<@C:UB<@L@H@N8=C=EGI[J:L
:9A:K8=H=@9A;@u:99@;:9]=8;\@;=:9JŽ;XN8C=r@Tv=J@B=HC±=B:<<8:IT89
˜H=TC8@P=<:;B@r8HF:8;=Y
°99:K;:<V;8=9U;8K= : I898=B:JA:H= =<:B>?@ B@9=<:BC8L:B<@9B=
9:K;:<=;8=Y
[@9K@H:N=9C:H=W@;=<Q;8@J]TC8<²:˜=L8H=J:=:9<=N8V;8=G:;B=BC=JA:H=
C89A@B8W8H8C=C::L=³TC=;9:LA;:tT:A;:K89:8Y
°A;@u:99@;=œ=B:99=[BC=HQC=EB8F:;98C=C:G:C:;=HC:EW:;H́BC8=A:H=
K@H=W@;=>?@B@C:9:BF@HF8L:B<@C@9=;<8N@9Y
[@9uTBK8@BV;8@9;:B::]TH8B²@A:H==L8v=C:JK@BF:;9=9:=A@8@Y
[@A;@u:99@;\=;8@ST:;;:8;@A:H=N:B<8H:v=:L A:;L8<8;@T9@C@
I=W@;=<Q;8@C:K;@L=<@N;=u8=J:==TM8H8=;<›KB8K=I8C8=BµJA:H==³TC=B==BVH89:
C:˜Z“Y
[@A;@u:99@;8K=;C@\=N:H=A:H@=A@8@B==BVH89:C=9W=K<›;8=9J:=
=TM8H8=;<›KB8K=[B=Y
[@9=L8N@9N@;J7=B8:HJZ<=F8@J¶:H8B<@BJsTLW:;<@:[BC:;9@BY
[<@C@9=tT:H:9tT:JC:=HNTL=u@;L=JK@B<;8WTX;=LA=;==;:=H8v=>?@
C:9<:<;=W=H²@Y
98
38983
38·6¸
8468
35
Z9B:L=<@8C:9:B<@L@A=<@NOB8K@9‰ŠUP9?@ =N:B<:9C: K@B<;@H:
W8@HQN8K@C:C8u:;:B<:98B9:<@9RA;=N=JA@C:BC@F=;8=;tT=B<@=@9:TN;=TC:
9TK:99@J:LuTB>?@C=9C8u:;:B<:9u@;L=9C:=>?@J:9A:K8u8K8C=C:JK=A=K8C=C:C:
=C=A<=>?@:LB@F@9=LW8:B<:9J<=LW›LA@C:BC@@K@;;:;98B:;N89L@K@L@T<;@9
=N:B<:9:B<@L@A=<@NOB8K@9YZ9ŠUPA@C:L9:;T<8H8v=C@9:L=AH8K=>?@K@B³TB<=
K@LA;@CT<@9u8<@99=B8<V;8@9JB@K²=L=C@L89<T;=C:<=BtT:JTL=F:vtT:@9
A;@CT<@9B?@K=T9=L:u:8<@9C:H:<›;8@9=@9ŠUPY7:99=u@;L=J@A;:9:B<:<;=W=H²@
<:F:K@L@@W³:<8F@;:H=K8@B=;=;:9:;F=C:H8AXC8@9C@9³TF:B898Bu:K<=B<:9‰]J
9T==<8F8C=C:L:<=WQH8K=:=9W=K<›;8=9LT<T=HX9<8K=9K@L8B9:<8K8C=9tT:L=B<OL
@9]F8VF:89JB@:B<=B<@J;:CTv:L9T=8Bu:K<8F8C=C:=H=;F=9¹~ººy|z~}yºº‚{yºº~Y
G@;=L T<8H8v=C@9@9ŠUP„yxy|‚|…~†‡zxzƒ~}~ˆ‚{y{ƒzƒ]P\»:wxyz{y|{y}~
€~|‚€~ƒ~y[IIJtT:=A;:9:B<=LA@<:BK8=HB@K@B<;@H:C:® x~~†ƒ‚º x~YG@;=L
T<8H8v=C@9 @8<@ 8B9:<8K8C=9 ;:N89<;=C@9 A=;= = KTH<T;= C@ <@L=<:8;@Y [
K@LA=<8W8H8C=C:C@98B9:<8K8C=9K@L@9ŠUPu@8=F=H8=C==<;=F›9C=L@;<=H8C=C:
:8Bu:K<8F½8C=C:C@9]½»¼²@;=9=AQ9@K@B<=<@K@L@98B9:<8K8C=9YZ98B9:<8K8C=9
œ:;<8L:K :¶H@;A=B ;:CTv8;=L=8Bu:K<8F8C=C:C@9]Y[H›LC899@J:99:9L:9L@9
A;@CT<@9;:CTv8;=L@<:@;C:H8AXC8@9:=H<:;=;=L==<8F8C=C:L:<=WQH8K=C@9]J
B@:B<=B<@B?@²@TF:8BuHTOBK8=9@W;:=9W=K<›;8=9LT<T=HX9<8K=9Y[LTC=B>=B=
=<8F8C=C:L:<=WQH8K=:;:9:;F=C:H8AXC8@99?@ u=<@;:9tT:8BuHTOBK8=L B=
8Bu:K<8F8C=C:C@9]JB@:B<=B<@@T<;@9:9<TC@9C:F:L9:;;:=H8v=C@9A=;==B=H89=;
tT=89@T<;@9u=<@;:9=u:<=L=;:CT>?@C=8Bu:K<8F8C=C:Y
P=H=F;=9RK²=F:Œ˜@B<;@H:=99@K8=C@Y˜@B<;@H:W8@HQN8K@Yr:H:<8F8C=C:Y
898
353
3
‹²::B<@L@A=<²@N:B8KB:L=<@C:9‰UPŠ9=;:W8@H@N8K=HK@B<;@H=N:B<9@u
C8uu:;:B<8B9:K<A:9<9=BCL=µF=;µ=9<@<²:8;C:N;::@u9TKK:99JC:A:BC8BN@B<²:
C8uu:;:B<=K<8@Bu@;L9J9A:K8u8K8<µJ=C=A<=W8H8<µ<@B:¾:BF8;@BL:B<9J=BCK=B=H9@
@KKT;9µB:;N89L¾8<²@<²:;:B<@L@A=<²@N:B8K=N:B<9YUPŠ9K=BW:T9:C8B³@8B<
=AAH8K=<8@B¾8<²A:9<8K8C:998BK:<²=<<²:A;@CTK<9C@B@<K=T9:C:H:<:;8@T9:uu:K<9
<@UPŠ9Y‹²T9J<²:A;:9:B<9<TCµ=8L:C<@K@;;:H=<:<²:;:9:;F:H8A8C9@u8Bu:K<8F:
³TF:B8H:9‰]9J<²:8;L:<=W@H8K=K<8F8<µ=BCLT<T=H89<8KW=K<:;8=¾8<²8B9:K<8K8C:9
<²=<¿::A9F8=WH:]9J²@¾:F:;J;:CTK:9<²:8;8Bu:K<8F8<µ<@H=;F=:¹~ººy|z~
}yºº‚{yºº~Y‹¾@ 9A:K8:9@uUPŠ9J„yxy|‚|…~†‡zxzƒ~}~ˆ‚{y{ƒzƒ]P\» =BC
wxyz{y|{y}~€~|‚€~ƒ~y[IIJ¾²8K²²=F:A@<:B<8=H<@K@B<;@H® x~~†ƒ‚º x~
¾:;:T9:CYU8N²<8B9:K<8K8C:9;:N89<:;:Cu@;<²:<@L=<@K;@A¾:;:T9:CY‹²:
K@LA=<8W8H8<µ@u8B9:K<8K8C:9¾8<²UPŠ9¾=9=99:99:CWµL@;½<=H8<µ=BC8B½u:K<8F8<µ
@u]9»¼²@T;9=u<:;K@B<=K<¾8<²<²:8B9:K<8K8C:Yœ:;<8L:K :¶H@;A=B ;:CTK:
<²:8Bu:K<8F8<µ@u]9Y\@;:@F:;J<²:9:A;@CTK<9;:CTK:C<²:H8A8CK@B<:B<=BC
=H<:;:C<²:L:<=W@H8K=K<8F8<µ@u<²:]9J²@¾:F:;B@<8BuHT:BK:<²:LT<T=H89<8K
W=K<:;8=Y‹²:K²=BN:8BL:<=W@H8K=K<8F8<µ=BCH8A8C;:9:;F:9=;:u=K<@;9<²=<
8BuHT:BK:<²:8Bu:K<8F8<µ@u]9J²@¾:F:;@<²:;9<TC8:99²@THCW:K@BCTK<:C<@
:M=L8B:¾²=<@<²:;u=K<@;9=uu:K<<²:;:CTK<8@B@u8Bu:K<8F8<µY
¶:µ¾@;C9Œ[99@K8=<:CK@B<;@HYŽ8@H@N8K=HK@B<;@HYr:H:K<8F8<µ
4À
6
59
64·Á68
35qqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqq54
3
88
89358Â
6qqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqq53
3q59%j.ac^h%1%macjci.acdÃm^_c1m..d0^_pbap0.qqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqq53
3q39%j.ac^h%1%macjci.acdÃm^_c1%i0chpac1f^ac11.m^ae0^c1qqqqqqqqqqqqqq5Ä
3qÄma%0.kÅ%1ic1^a^/.1qqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqq5Æ
3qÆma%0.kÅ%1m%d.a^/.1qqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqq56
3q65^iÇh^c1,8m%0d^._c0ic0.bhc1m%j.ac^h%1qqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqq5È
3qÈ3a^/^h.h%j%a.gob^_.,b^g%0.klch%63qqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqq5É
3qÉ._aÊ0^.1jpap.bÇ1a^_.1,Ë#'()Ì$%Í'##'()Ì$qqqqqqqqqqqqqqqqqqqq5Î
88
93qqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqq34
3
585cji.a^g^b^aÏcf%macjci.a`cd%m^_m%j.ach%1
+9%j.ach.,
`.gh^a^h.-Ð^a`^m1%_a^_^h%1p1%h^ma`%acj.ac_0ci3Æ
9
6469qqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqq36
38
3539876qqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqq3È
84539469qqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqq3Ñ
%f%0%m_%1qqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqÄÈ
3
5838ff%_a1cf1cj%^m1%_a^_^h%1cma`%m%pa0.bb^i^h
i%0_%ma.d%n1p0/^/.b.mh^mf%_a^/^aÏcf!"#!"$355
.mh&#'()$*#$$Ò2ÆqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqÆ4
9
6469qqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqÆ5
38
3539876qqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqÆ3
84539469qqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqÆ6
%f%0%m_%qqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqq65
3
58Ä3j%a`chfc0j%.1p0^mda`%_cm_%ma0.a^cmcf63
0%b%.1%hgÏ%macjci.a`cd%m^_m%j.ach%1qqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqq6È
ma0chp_a^cmqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqq6É
.a%0^.b1.mh%a`ch1qqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqq6Î
%1pba1.mh^1_p11^cmqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqq6Ñ
^a%h5^a%0.ap0%qqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqÈ5
3
58Æ8ff%_a1cf^m1%_a^_^h%1cm630%b%.1%.mha`%jpap.b^1a^_
g._a%0^.cf%macjci.a`cd%m^_m%j.ach%1qqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqÈÄ
ma0chp_a^cmqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqÈÆ
.a%0^.b1.mh%a`ch1qqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqÈ6
%1pba1qqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqÈÎ
^1_p11^cmqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqÉ5
%f%0%m_%1qqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqÉÆ
6954Ó88
3qqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqÉÎ
•”
59
64·Á68
35
ZK@B<;@H:W8@HQN8K@›TLL›<@C@tT:=K@LA=B²==:F@HT>?@²TL=B=J
<:BC@N;=BC:98NB8u8K=C@B==N;8KTH<T;=LTBC8=HJF89<@tT:@9:T:LA;:N@<:L
=TL:B<=C@=K=C==B@:=9:M8NOBK8=9A@;A;@CT<@9C:tT=H8C=C::89:B<@9C:
A;@CT<@9u8<@99=B8<V;8@9:9<?@ K@B9<=B<:L:B<:A;:998@B=BC@ @9A;@CT<@;:9=
L=8@;:98BF:9<8L:B<@9B=V;:=Y[H›L C899@J= A:9tT89= <:L =TM8H8=C@ B@
C:9:BF@HF8L:B<@C:<›KB8K=9:A;@CT<@9tT:L:H²@;:L=:u8K8OBK8=C@9=N:B<:9C:
K@B<;@H:C:u@;L==L8B8L8v=;9:T9KT9<@9Y
7:B<;: @9 =N:B<:9 C: K@B<;@H: W8@HQN8K@ @9 B:L=<@8C:9
:B<@L@A=<@NOB8K@9‰ŠUP:9<?@:B<;:@9L=898B<:;:99=B<:9:T<8H8v=C@9:L<@C@
@LTBC@JA;8BK8A=HL:B<:C:F8C@=9T==H<=K=A=K8C=C:B@K@B<;@H:C:A;=N=9J
9:H:<8F8C=C:=8B8L8N@9B=<T;=89:K@B<;@H:=99@K8=C@K@L A;@CT<@9tTXL8K@9
9:H:<8F@9Y[ 9T=T<8H8v=>?@<@;B@TR9:TL=u:;;=L:B<=8LA@;<=B<:B@L=B:³@
8B<:N;=C@C:A;=N=9‰\PJ9:BC@TL==H<:;B=<8F=W:B›u8K==@A;@CT<@;Y[A:9=;
C=9FV;8=9F=B<=N:B9tT:=A;:9:B<=LJA@TK@:9<V9:BC@T<8H8v=C@B@K=LA@Y[9
K=T9=9A;@FVF:89C:99:A:tT:B@8B<:;:99:;:98C:LB=u=H<=C:8BF:9<8L:B<@C=9
:LA;:9=9:L<:KB@H@N8=9tT:A@99=LL:H²@;=;=:u8K8OBK8=C:99:9=N:B<:9C:
K@B<;@H:W8@HQN8K@Ô=T9OBK8=C:A:99@=9K=A=K8<=C=9B@9:TL=B:³@:A@TK@
K@B²:K8L:B<@C@9A;@CT<@;:99@W;:@9ŠUPY
Š@L:;K=C@=H<=L:B<:K@LA:<8<8F@J=W@=A;@CT<8F8C=C::=H<=tT=H8C=C:
C=9AH=B<=>Õ:9C:A:BC:LC8;:<=L:B<:C@L=B:³@C=9A;=N=9J::9<:JA@;9T=F:v
C:A:BC:C:tT=HL:H²@;L›<@C@C:K@B<;@H:Yr:BC@=998LJ›8LA@;<=B<:tT:9:
A;@CTv=AH=B<=9C:W@L:9<=C@u8<@99=B8<V;8@J=<;=F›9C=T<8H8v=>?@C:=N:B<:9
W8@HQN8K@JtTXL8K@9@TK@L==99@K8=>?@:B<;:=LW@9Y
Z T9@ C: A;@CT<@9 u8<@99=B8<V;8@9JK@L@ uTBN8K8C=9J8B9:<8K8C=9J
B:L=<8K8C=9:=K=;8K8C=9J:B<;:@T<;@9J;:A;:9:B<=TLC@9A;8BK8A=89L›<@C@9C:
K@B<;@H:C:C@:B>=9:A;=N=9=N;XK@H=9Y[u=K8H8C=C:C:=AH8K=>Õ:9J=99@K8=C=9D
••
A@998W8H8C=C:C:;:9TH<=C@98L:C8=<@9J<@;B=;=L @T9@C:99:9A;@CT<@9LT8<@
C8uTBC8C@:LC8F:;9=9KTH<T;=9YUB<;:<=B<@J:99=A;V<8K=A@C:=A;:9:B<=;N;=BC:9
A;@WH:L=9tT=BC@T<8H8v=C@9C:u@;L=8BC89K;8L8B=C=JK=T9=BC@:u:8<@9C:H:<›;8@9
=@=LW8:B<::=@9=B8L=89J8BKHT98F:=@²@L:L:=@98B8L8N@9B=<T;=89C=9A;=N=9
=N;XK@H=9Y
U9<TC=;@:u:8<@C:A;@CT<@9u8<@99=B8<V;8@99@W;:ŠUP<@;B=R9:=H<=L:B<:
8LA@;<=B<:JTL=F:vtT:=A=;<8;C:99=98Bu@;L=>Õ:9A@C:R9:;:CTv8;@:u:8<@
C:H:<›;8@C@9A;@CT<@9JWT9K=BC@u@;LTH=>Õ:9tT:L=B<OL=8Bu:K<8F8C=C:C@9
B:L=<@8C:9:K@B9:tT:B<:L:B<:L:H²@;=;=:u8K8OBK8=C:99:=N:B<:C:K@B<;@H:
W8@HQN8K@:LK@BC8>Õ:9C:K=LA@Y
Z9@W³:<8F@9B:9<::9<TC@u@;=L
Ö×7:<:;L8B=;=K@LA=<8W8H8C=C::B<;:ŠUP :8B9:<8K8C=9T<8H8v=C@9B=
KTH<T;=C@<@L=<:8;@Y
Ö×\:C8;@<:@;C:H8AXC8@C@9ŠUP=AQ9@K@B<=<@K@L8B9:<8K8C=9tT:
;:CTv8;=L9T=8Bu:K<8F8C=C:Y
Ö×U9<=W:H:K:;TL=L:<@C@H@N8=A=;=L:C8;=H8W:;=>?@C:˜Z“=u8LC:
tT=B<8u8K=;9T==<8F8C=C:L:<=WQH8K=Y
Ö×[F=H8=;@:u:8<@C:8B9:<8K8C=9B=H8W:;=>?@C:˜Z“:9@W;:=9W=K<›;8=9
LT<T=HX9<8K=9C@9ŠUPY
•“
3
88
89358Â
6
3q59%j.ac^h%1%macjci.acdÃm^_c1m..d0^_pbap0.
Z9ŠUP=A;:9:B<=LTLuT<T;@A;@L899@;B==N;8KTH<T;=JC:F8C@D9FV;8=9
F=B<=N:B9tT:=A;:9:B<=LŒA@99T:L=LAH==>?@C:K@B<;@H:A:;=B<:=9C8F:;9=9
A;=N=9J;:989<:L=FV;8@9A;@CT<@9u8<@99=B8<V;8@9JB?@K=T9=LC=B@9D9AH=B<=9
KTH<8F=C=9:A@C:L 9:;=AH8K=C@9:L A=9<=N:B9JA@899?@B@K8F@9==B8L=89
9TA:;8@;:9‰GU[±J•ØؼԶZPPUŠsZGU:<=HYJ“”””Ô¶ZPPUŠsZGU:<
=HYJ“””“Y
[<T=HL:B<:J@A;8BK8A=HL›<@C@A=;=;:CT>?@C:A@ATH=>Õ:9C:A;=N=9
K@B989<:B@K@B<;@H:tTXL8K@JtT:LT8<=9F:v:9JA@C:H:F=;=C8F:;9@9:9›;8@9
A;@WH:L=9J<=89K@L@;:9XCT@C:A;@CT<@B@9=H8L:B<@9J:H8L8B=>?@C=A@ATH=>?@
C:8B8L8N@9B=<T;=89JK@B<=L8B=>?@²TL=B=:=LW8:B<=H:K@Bu:;8BC@;:989<OBK8=
=A@ATH=>Õ:9C:A;=N=9‰7U±’Z7SEU±ÔZ\Z‹ZJ“””•YEL=u:;;=L:B<=
8LA@;<=B<:A=;=;:CT>?@C@9A;@WH:L=9K8<=C@9›@K@B<;@H:W8@HQN8K@JK@L@@9
ŠUPtT:A:;<:BK:LD@;C:L²=WC8<8C=:A@99T:L=99@K8=>?@K@LW=K<›;8=9
LT<T=HX9<8K=9JtT:tT=BC@8B<;@CTv8C=9B=²:L@K:H:C@8B9:<@A:H@9³TF:B89
8Bu:K<=B<:9‰]H:F=L@²@9A:C:8;@=L@;<::B<;:“»:»¼²@;=9‰GU[±J•ØؼY
P@;<=B<@J=T<8H8v=>?@C:ŠUPA=;=@K@B<;@H:C:A;=N=9B@Ž;=98H›H8L8<=C=YZ
B:L=<@8C: ­y‡‡z{¥z~ ƒz|z€z‡z€‚º~ ‰ÙŸyº~‡y{ ƒ ƒz|z€z‡z€‚º~ Ž:CC8BN
‰Š:@<µH:BK²8C=:u@88B<;@CTv8C@A=;=@K@B<;@H:C=F:9A=C=L=C:8;=Jwz|yÚ
{‚€xzºz‚G=W;8K8T9J•—Ø™B@9THC@Ž;=98H‰U7UÔPUŠ‹U[7ZÔr˜s[‹±[J
•ØؼYŠ@:B<=B<@JA@TK@<:L98C@u:8<@K@L@9B:L=<@8C:9:B<@L@A=<@NOB8K@9
‰²=WC8<8C=Œr<:8B:;B:L=<8C=::s:<:;@;²=WC8<8C=:JtT:A@99T:LA@<:BK8=HA=;=
@K@B<;@H:W8@HQN8K@C:8B9:<@9RA;=N=‰SUÛ[IÔSUZSrJ•ØؼY
UM89<:LFV;8=9A;=N=9R=HF@B@Ž;=98HtT:A@C:L9:;K@B<;@H=C=9K@L
ŠUPYsV<=LW›L@A@;<TB8C=C:9A=;=:BK@B<;=;B@F=9:9A›K8:9C:B:L=<@8C:9
=C=A<=C=9D9K@BC8>Õ:9=LW8:B<=89tT:@8B9:<@RA;=N=²=W8<=Y
•™
3q39%j.ac^h%1%macjci.acdÃm^_c1%i0chpac1f^ac11.m^ae0^c1
U99:9B:L=<@8C:99?@=AH8K=C@9:LV;:=9tT:;:K:W:LC8u:;:B<:98B9TL@9
=N;XK@H=9K@L@A;@CT<@9u8<@99=B8<V;8@9Ju:;<8H8v=B<:9:K@;;:<8F@9C:9@H@J9:BC@
tT:=HNTB9A;@CT<@9A@C:L ;:CTv8;=9@W;:F8FOBK8=:8Bu:K<8F8C=C:C:99:9
B:L=<@8C:9‰SUÛ[IÔ7UŠ[7ZÔ[SEIIU[J“””•YŠ=L=8@;8=C=9
F:v:9@9<:9<:9C:K@LA=<8W8H8C=C:C:A;@CT<@9u8<@99=B8<V;8@99?@;:=H8v=C@9
=A:B=9 K@L A=;=98<@8C:9 : A;:C=C@;:9J :MKHT8BC@ @9 :B<@L@A=<QN:B@9J
C:9K@B98C:;=BC@=998L9T=8LA@;<´BK8=B@K@B<;@H:W8@HQN8K@=AH8K=C@:B=<T;=H
C:8B9:<@9‰[IœUrÔ\ZŠZ]܊ZÔ[I\U7[J•ØؼY[998LJ›8LA@;<=B<:
==F=H8=>?@K;8<:;8@9=C:A;@CT<@9u8<@99=B8<V;8@9:ŠUPJF89=BC@D8B9:;>?@C:99:9
@;N=B89L@9:LA;@N;=L=9C:\PYZ\P:BK@;=³==C8L8BT8>?@C=T<8H8v=>?@C:
A;@CT<@9u8<@99=B8<V;8@9:u@;B:K:FV;8=9@A>Õ:9A=;=9:K@B<;@H=;=A;=N=
²=;L@B8@9=L:B<:Ju=v:BC@ K@L tT: :99= A:;L=B:>= :L W=8M@9 BXF:89
A@ATH=K8@B=89:J=998LJB?@K=T9:LC=B@9:K@BÝL8K@9DKTH<T;=‰P[P[˜U¶Ô
r\‹sJ•ØØ»Y
[ T<8H8v=>?@ C::B<@L@A=<QN:B@9A=;=@ K@B<;@H:C:A;=N=9:M8N:
C8u:;:B<:9:9<;=<›N8=9B@9:TL=BT9:8@Yr:BC@=998LJ=:9<;=<›N8=L=89A;V<8K=›
=tT:H=tT:L=B<›L@BXF:H=C:tT=C@C::B<@L@A=<QN:B@9B@=N;@:K@9989<:L=Y
U99= :9<;=<›N8= A@C: 9:; =C@<=C= K@L T<8H8v=>?@ ;=K8@B=H C: A;@CT<@9
u8<@99=B8<V;8@9:=AH8K=>?@C:A;@CT<@9u8<@99=B8<V;8@99:H:<8F@9‰[IœUrÔ\ZŠZ
]܊ZÔ[I\U7[J•ØؼY
[ L=8@;8=C@9:9<TC@9C:K@LA=<8W8H8C=C:C::B<@L@A=<QN:B@9K@L
A;@CT<@9u8<@99=B8<V;8@9<:L98C@;:=H8v=C=z{ªzx|‚<:BC@=F=B<=N:LC::MA@;=@
LVM8L@@L8K;@;N=B89L@D=>?@C@A;@CT<@tTXL8K@Ju=<@tT:B?@@K@;;::L
K@BC8>Õ:9C:K=LA@J@BC:FV;8@9u=<@;:99:;F:LC:@W9<VKTH@=:99=:MA@98>?@J
A;@<:N:BC@@:B<@L@A=<QN:B@Y[998LJK@B9<=<=C==8B@KT8C=C:C:TLA;@CT<@
•»
u8<@99=B8<V;8@ :L H=W@;=<Q;8@JB?@ ²VCšF8C=99@W;:=9T=9:H:<8F8C=C::L
K@BC8>Õ:9C:K=LA@‰[IœUrÔ\ZŠZ]܊ZÔ[I\U7[J•ØؼY
[HNTB9 A;@CT<@9 u8<@99=B8<V;8@9 9?@ =H<=L:B<: 9:H:<8F@9 =@9
:B<@L@A=<QN:B@9J<:BC@:99:9tT:;:K:W:;:9A:K8=H=<:B>?@:LKTH<T;=9B=9tT=89
@T9@C@K@B<;@H:tTXL8K@9:³=8BC89A:B9VF:HJK@L@u;T<Xu:;=9C:KH8L=<:LA:;=C@J
K8<;@9JK=u›J=HN@C?@J9@³=J:<KJ:LtT:@9A;@WH:L=9K=T9=C@9A:H@=<=tT:C:
A;=N=99?@ K@B98C:;=C@9A@B<@9RK²=F:B=K@BCT>?@ C=9KTH<T;=9‰[IœUrÔ
\ZŠZ ]܊ZÔ[I\U7[J•ØؼY7:L@C@ N:;=HJ=98B<:;=>Õ:9:B<;:
A;@CT<@9u8<@99=B8<V;8@9:ŠUPA@C:L9:;A@98<8F=9‰=>?@98B›;N8K=J=C8<8F=@T
B:N=<8F=9‰=>?@9TA;:998F=J=B<=N@B89<=JK@L@C:9K;8<=9=9:NT8;‰ŠUSrZI
]EŠZJ“””–Y
3qÄma%0.kÅ%1ic1^a^/.1
[HNTB9 A;@CT<@9 u8<@99=B8<V;8@9 9?@ =H<=L:B<: 9:H:<8F@9 =@9
:B<@L@A=<QN:B@9JK@B<;8WT8BC@A=;=9T=@K@;;OBK8=B=<T;=H:@K@B<;@H:C:TL=
C:<:;L8B=C=A;=N=YEL :9<TC@C:K@LA=<8W8H8C=C:K@L @9ŠUPwxyz{y|{y}~
€~|‚€~ƒ~yywxyz{y|{y}~§yºxz~yu@8;:=H8v=C@K@L—–u@;LTH=>Õ:9K@L:;K8=89
C:=N;@<QM8K@9YZ9;:9TH<=C@98BC8K=;=LtT:=9u@;L=9]C:=LW=9=9:9A›K8:9
<@H:;=L=L=8@;8=C@9A;@CT<@9<:9<=C@9J9:BC@tT:J:B<;:@9uTBN8K8C=9J7@C8B:½
u@8@ L=89<QM8K@ ::B<;:@9²:;W8K8C=9J[H=K²@;½ :P=;=tT=<½YUB<;:=9
u@;LTH=>Õ:9C:8B9:<8K8C=9J=K=;8K8C=9:B:L=<8K8C=9J@9L=89A;:³TC8K8=89u@;=L
P=;=<²8@B½J[HC8K=;W½J\:<²@LµH½JGHTW:Bv8L8B=½ :G:B=L8uQ9½ ‰ZœUr‹Ô
7UrUÞJ•ØؔY
ZW9:;F=BC@==>?@C:A8;:<;@8C:9JŠ:N;89@H8]šB8@;JS=;K8=:Ž=;W@9=
Š:N;89@H8‰“”•”:BK@B<;@TW=8M=L@;<=H8C=C:C@9ŠUP‰=W=8M@C:•”ߐtT=BC@
:MA@9<@9=@ A;@CT<@ 7:K89½Y[ 9:NT;=B>=C:@T<;@98B9:<8K8C=9DW=9:C:
A8;:<;@8C:9u@8<=LW›LK@LA;@F=C=A@;@F:9<8:<=HY‰•Ø¼¼:@F:9<8:7:9:à
•–
‰•ØؔJ@9tT=89F:;8u8K=;=L=H<=F8=W8H8C=C:C:„yxy|‚|…~†‡zxzƒ†~€xy|z‚…‚|~:
wá€~|‚€~ƒ~yJ=AQ9=:MA@98>?@=:99:9A;@CT<@9J@tT:=LAH8=@9;:9TH<=C@9
tT=B<@D9:NT;=B>=C:9<:A;@CT<@=@9ŠUP
3qÆma%0.kÅ%1m%d.a^/.1
Uu:8<@B:N=<8F@<=LW›LA@C:@K@;;:;:B<;:A;@CT<@9u8<@99=B8<V;8@9:ŠUP
tT:A@C::9<=;;:H=K8@B=C@<=B<@=@A;8BKXA8@=<8F@C@=N;@<QM8K@K@L@<=LW›L
=@9L=<:;8=89T9=C@9B=u@;LTH=>?@ C:99:9A;@CT<@9Yr:BC@ =998LJ=HNTB9
KT8C=C@9C:F:L 9:;<@L=C@9=@ L89<T;=;A;@CT<@9tTXL8K@9K@L =N:B<:9
L8K;@W8=B@9‰[IœUrÔ\ZŠZ]܊ZÔ[I\U7[J•ØؼY
Z9N;TA@9tTXL8K@9L=89<QM8K@9A=;=wxyz{y|{y}~9AAY:„yxy|‚|…~†‡zxzƒ
9AAY9?@@9@;N=B@u@9u@;=C@9:K=;W=L=<@9‰s[[Ô¶[â[J•Ø¼“ԍZœUr‹Ô
7UrUZJ•ØؔԍZœUr‹:<=HáJ•Ø¼¼Y
s=;=:¶=µ=‰•Ø¼“K@B9<=<=;=LtT:]C:wá€~|‚€~ƒ~yu@;=L=u:<=C@9
=CF:;9=L:B<::L9:TK@LA@;<=L:B<@:8Bu:K<8F8C=C:K@B<;=w‚‡‚xy|~yÚz¥ ~
‰I:A8C@A<:;=Œ Š@K<T8C=: A@; @;N=B@u@9u@;=C@9 ‰L:F8BuQ9J u:B=L8uQ9 :
<;8KH@;u@L:A@;K=;W=L=<@9‰@M=L8H:L:<²@L8H:L FV;8=9K@BK:B<;=>Õ:9J
²=F:BC@C8L8BT8>?@C=F8;THOBK8=:L@F8L:B<=>?@C@9]Y
œV;8@9<;=W=H²@9C:K@LA=<8W8H8C=C:C:A;@CT<@u8<@99=B8<V;8@9K@LŠUP
L@9<;=LtT:@9]A:;L=B:K:LF8VF:89»¼²@;=9=AQ9@K@B<=<@K@L@A;@CT<@J
B@:B<=B<@J;:CTv:L=9T=K=A=K8C=C:C:8Bu:K<8F8C=C:JK@B9:tT:B<:L:B<:9T=
K=A=K8C=C:B@K@B<;@H:C=A;=N=Y[H›LC899@J=;:CT>?@C=8Bu:K<8F8C=C:A@C:9:;
=8BC=L=8@;=@H@BN@C@<:LA@C:K@B<=<@:B<;:A;@CT<@:]‰[Š7[IãÔ\ZŠZ
]܊ZÔr[Š‹[R˜U˜äI[J“””»YŠ:N;89@H8]šB8@;JŽ=;W@9=:\@8B@]šB8@;
‰“””¼J<:9<=BC@•¼A;@CT<@9u8<@99=B8<V;8@9K@L@9ŠUP„á†~€xy|z‚…‚|~:wá
€~|‚€~ƒ~y@W9:;F=;=LtT:KH@;A8;8uQ9‰Pµ;8B:M½L=B<:F:=H<==F8=W8H8C=C:C:
„á†~€xy|z‚…‚|~‰Ø—Y¼ß: wá€~|‚€~ƒ~y ‰Ø—Y¼ßJA@;<=B<@ ;:CTv8T =
•å
K=A=K8C=C:C:8Bu:K<8F8C=C:C@9]C:„á†~€xy|z‚…‚|~‰—Yåߐ:wá€~|‚€~ƒ~y
‰•™ßYZ9L:9L@9=T<@;:9F:;8u8K=;=L =8BC= tT: @9A;@CT<@9˜:;K@W8B½
‰<8@u=B=<@L:<XH8K@:‹:L8¿½ ‰=HC8K=;W:9?@8BK@LA=<XF:89K@Lwá€~|‚€~ƒ~yJ
A;@F@K=BC@ ;:CT>?@ C:F8=W8H8C=C::8Bu:K<8F8C=C:C:99=:9A›K8:YP=;= „á
†~€xy|z‚…‚|~J@9A;@CT<@9[K<=;=½ ‰<8=L:<@M=BJ˜:;K@W8B½ ‰<8@u=B=<@L:<XH8K@J
‹:L8¿½ ‰=HC8K=;W::GT;=C=B½ ‰K=;W@uT;=Bu@;=LK@B98C:;=C@98BK@LA=<XF:89
K@L@ŠUPY
78F:;9@9A@C:L9:;@9u=<@;:9;:H=K8@B=C@9D;:CT>?@C=8Bu:K<8F8C=C:C@9
]K@L@;:CT>?@C:H8AXC8@9J=H<:;=>?@B==<8F8C=C:L:<=WQH8K=J8B8W8>?@C=9
W=K<›;8=9LT<T=HX9<=9J:<KY
3q65^iÇh^c1,8m%0d^._c0ic0.bhc1m%j.ac^h%1
Z9]B?@ 9:=H8L:B<=L :C:A:BC:L C@ L=<:;8=HC:;:9:;F=A=;=
u@;B:K8L:B<@C::B:;N8=J@tT:C:L@B9<;=tT:@BXF:HC:;:9:;F=K@;A@;=H›TL
u=<@;8LA@;<=B<:J=u:<=BC@<=B<@9T=F8=W8H8C=C:tT=B<@9T=8Bu:K<8F8C=C:‰P[‹UIÔ
r‹ZIŠr¶ÔۍSs‹J•ØؗÔP[‹UIÔۍSs‹J•ØؗÔæEԎU77ŠSJ
•ØØؐYZ9]9?@=C=A<=C@9=WT9K=;@8B9:<@²@9A:C:8;@:9?@K=A=v:9C:
9@W;:F8F:;:L9T==T9OBK8=A@;9:L=B=9@T=<›L:9L@A@;L:9:9C:A:BC:BC@C@
9:T<:@;C:H8AXC8@‰s[‹[ŽÔS[ESIUJ•ØØؐY
Z9H8AXC8@9B:T<;@99?@=A;8BK8A=Hu@B<:C::B:;N8=K@;A@;=HC@9ŠUP:
8BKHT:L <;8=K8HNH8K:;Q89JC8=K8HNH8K:;Q89JVK8C@9N;=M@9H8F;:9YZH8AXC8@›TL=
8LA@;<=B<::B:;N8=C:;:9:;F==:;QW8K=C@9]:F=;8=:B<;:••ß:å—ßC=L=<›;8=
9:K=C@K@;A@C:99:9@;N=B89L@9‰Ž[U‹‹ÔۍSs‹J•ØؼY
P=<:HJr<@H8B9¿8:Û;8N²<‰•Øؗ:BK@B<;=;=LTL=F=;8=>?@C:—»=——ß
C@ <@<=HC: H8AXC8@9 B:T<;@9 C: wá€~|‚€~ƒ~yJwxyz{y|{y}~ |z‚†|~ªyƒJ
wxyz{y|{y}~§yºxz~y:wxyz{y|{y}~¥º~ƒy|zá˜@L@@9]C:A:BC:LC:H8AXC8@9K@L@
u@B<:C::B:;N8=:BtT=B<@A;@KT;=A@;TL²@9A:C:8;@‰IUUÔ[‹¶ŠrZŠJ•Ø——Ô
•—
œ[ŠSEŠ7âJ•Ø¼–K@L =;:CT>?@C:H8AXC8@9@K@;;:TL=C8L8BT8>?@B=
K=A=K8C=C:C:H@K@L@>?@:8Bu:K<8F8C=C:B@²@9A:C:8;@‰IUۏrJ•ØؖY7:99=
u@;L=J:F8<=;K@BC8>Õ:9 C: :9<;:99: tT: ;:CTv=L @ H8AXC8@J=TM8H8= A=;=
L=BT<:B>?@C=F8=W8H8C=C::8Bu:K<8F8C=C:C@9]‰ÛSs‹ÔPUâJ“””“J
K@L@@T9@C:A;@CT<@9u8<@99=B8<V;8@9tT:B?@=u:<=L@<:@;C:H8AXC8@9C@9]Y
I8AXC8@9B:T<;@9A@C:L9:;=B=H89=C@9T9=BC@K;@L=<@N;=u8=@T=<;=F›9
C==AH8K=>?@C:L›<@C@9²89<@HQN8K@9K@LW=9:B=K@H@;=>?@K@L çzº|y‡ç
‰˜sr‹ZPsUr:<=HYJ•ØؗY[=BVH89:K;@L=<@N;Vu8K=›C:L@;=C=::M8N:TL
N;=BC:BšL:;@C:B=L=<@8C:9J:BtT=B<@:B9=8@²89<@HQN8K@›98LAH:9:A@C:9:;
=AH8K=C@==L@9<;=98BC8F8CT=89Y[=BVH89:C:8L=N:Lu@8T<8H8v=C=K@L9TK:99@
A=;=tT=B<8u8K=;@N;=TC:K@H@;=>?@K@Lçzº|y‡ç:A:;L8<8;@:M=L:C:LT8<=9
=L@9<;=9:LTLKT;<@A:;X@C@‰æEԎU77ŠSJ•ØØؐY
3qÈ3a^/^h.h%j%a.gob^_.,b^g%0.klch%63
Z9ŠUP9?@@;N=B89L@9=:;QW8K@9JB:K:998<=BC@C:@M8NOB8@A=;=9T=
9@W;:F8FOBK8=‰SI[±UJ“””“YZ9]F8F:L H8F;:L:B<:B@9@H@J9:BC@tT:
=HNTB9<8A@9C:9@H@9?@K=;=K<:;8v=C@9A@;=A;:9:B<=;:L W=8M=@M8N:B=>?@J
A@C:BC@ ;:CTv8; 9T= 9@W;:F8FOBK8= ‰æEÔ ŽU77ŠSJ •ØØؐY Ž=8M=9
K@BK:B<;=>Õ:9C:@M8NOB8@8BCTv:L@:9<VN8@C:C@;LOBK8=‰=B=:;@W8@9::L
FV;8=9:9A›K8:9C:B:L=<@8C:9:L:9<VN8@H8F;:‰Ûs[‹ZŠJ•Ø¼åY[²=W8H8C=C:
C@9B:L=<@8C:9:L9@W;:F8F:;:LK@BC8>Õ:9=:;QW8K=9:=B=:;QW8K=9›W=9<=B<:
F=;8VF:H:B<;:=9:9A›K8:9:<=LW›L:B<;:C8u:;:B<:9:9<VC8@9C:B<;@C=L:9L=
:9A›K8:‰GÞII:<=HYJ•ØØؐYr:BC@tT::LK@BC8>Õ:9=:;QW8K=9:=B=:;QW8K=9@
]C:A:BC:C:K=;W@8C;=<@9JH8AXC8@9:=L8B@VK8C@9K@L@u@B<:C::B:;N8=
‰SI[±UJ“””“Y˜›HTH=9L8K;@W8=B=9:LK@BC8>Õ:9=:;QW8K=9JT<8H8v=>?@C:
@M8NOB8@A=;=@M8C=;@9L=<:;8=89:B:;N›<8K@9=<;=F›9C:;:=>Õ:9C:K=<=W@H89L@
A=;=@W<:;:B:;N8=A=;=L=BT<:B>?@‰\ZU[ÔræEU[J“””åY
•¼
7:TL=L=B:8;=N:;=HJB@u8B=HC@K=<=W@H89L@C:K=;W@8C;=<@9JH8AXC8@9J
=L8B@VK8C@@K@;;:H8W:;=>?@C:˜Z“A:H@9ŠUP‰ÛSs‹ÔPUâJ“””“Y
P=;=L:C8;==<8F8C=C:L:<=WQH8K=C:A@ATH=>Õ:9L8K;@W8=B=9C@9@H@J=
tT=B<8C=C:C:˜Z“ H8W:;=C@A:H=;:9A8;=>?@C@9L8K;@;N=B89L@9›TL C@9
L›<@C@9L=89<;=C8K8@B=89:T<8H8v=C@9‰±ŽIr¶UJ•ØØ»:9T=tT=B<8u8K=>?@
C:A:BC:C@:9<=C@u898@HQN8K@C=9K›HTH=9‰\ZU[ÔræEU[J“””åY[
;:9A8;=>?@;:uH:<:==<8F8C=C:L8K;@W8@HQN8K=C@9@;N=B89L@9J9:BC@tT::H=A@C:
9:;L:C8C=A:H=tT=B<8u8K=>?@C:˜Z“ H8W:;=C@;:9TH<=B<:C==<8F8C=C:C@9
L8K;@;N=B89L@9 =:;QW8K@9 ‰[\ZrRZ7SEUrJ •ØØؐY [H›L C@9
B:L=<@8C:9J=9W=K<›;8=998LW8@B<:9C@9B:L=<@8C:9=A;:9:B<=L=H<=9<=M=9C:
;:9A8;=>?@‰r\SUIr¶Ô[¶sEr‹ÔŽZU\[UJ•ØØ»JA@C:BC@8BuHT:BK8=;
B=H8W:;=>?@C:˜Z“Y
3qÉ._aÊ0^.1jpap.bÇ1a^_.1,Ë#'()Ì$%Í'##'()Ì$
[ N;=BC: 8LA@;<´BK8= =<;8WTXC= D9 :9A›K8:9 C: wxyz{y|{y}~ :
„yxy|‚|…~†‡zxzƒC:F:R9:D=99@K8=>?@LT<T=HX9<8K=K@L W=K<›;8=9C@NOB:;@
èy{‚|…~†‡ ƒ:酂x‚|…~†‡ ƒJ;:9A:K<8F=L:B<:‰ŽZU\[UJ“””“Y[9W=K<›;8=9
C@NOB:;@èy{‚|…~†‡ ƒ@K@;;:LB=<T;=HL:B<::LTL=F:9XKTH=8B<:9<8B=HC@9]
:Lwxyz{y|{y}~‰[¶sEr‹ÔŽZU\[UJ•Ø¼™J:BtT=B<@tT:酂x‚|…~†‡ ƒ
:9<VH@K=H8v=C=B=A=;<:=B<:;8@;C@9]C:„yxy|‚|…~†‡zxzƒ‰ŽZU\[UJ“””“YZ
A=;=98<89L@ 8B8K8=R9:tT=BC@ ]:B<;=A@;=W:;<T;=9B=T<;=89‰W@K=J´BT9:
:9A8;VKTH@@TC8;:<=L:B<:B@<:NTL:B<@‰A;8BK8A=HL:B<:„yxy|‚|…~†‡zxzƒC@
8B9:<@JH8W:;=BC@=W=K<›;8==<;=F›9C@´BT9‰ŽZU\[UJ“””“YŠ==99@K8=>?@J
@9ŠUPK@B<;8WT:L@u:;:K:BC@A;@<:>?@DW=K<›;8=u@;=C@K@;A@C@8B9:<@:
=<T=BC@K@L@<;=B9A@;<=C@;:9C=9W=K<›;8=9C:TL8B9:<@L@;<@A=;==²:L@K:H:
C:@T<;@F8F@Y[K@B<;8WT8>?@C=W=K<›;8=JA@;9T=F:vJ:9<VB@u@;B:K8L:B<@C:
BT<;8:B<:9=@9B:L=<@8C:9‰ŽZU\[UJ“””“Y
•Ø
U99=9W=K<›;8=9@K@;;:L :L CT=9u@;L=9J;:u:;8C=9K@L@A;8LV;8=9:
9:KTBCV;8=9Y[ u@;L=A;8LV;8=9TA@;<=@TA@998W8H8<==u@;L=>?@ C:L=8@;
A@ATH=>?@C:ŠUPJ9:BC@K=A=vC:A;@CTv8;9TW9<´BK8=9=B<8W8Q<8K=9YP@C:L9:;
89@H=C=9C@8B<:9<8B@C:]@TC:8B9:<@9;:K›LRA=;=98<=C@9J@BC:›=u@;L=
A;:C@L8B=B<:‰G=9:Y˜@BF:;<:R9:C:A@89B=u@;L=9:KTBCV;8=‰G=9:JL=89
:9<VF:HJL:B@9;8K=:L<:;L@9BT<;8K8@B=89:8BK=A=vC:A;@CTv8;=B<8W8Q<8K@9J
A;:F=H:K:B<::L8B9:<@9A=;K8=HL:B<:C:K@LA@9<@9@T³VL@;<@9Y[9W=K<›;8=9B=
²:L@K:H:C@8B9:<@9:LTH<8AH8K=L;=A8C=L:B<:JH:F=BC@DL@;<:C@²@9A:C:8;@J
êëìíîïðñòðóíïðñôðõñöóíñ÷øõïíïøëõíñùúðôíñûíìòøõëíîíüýñöóñóøëðñõëìðñøóñîöòõëøîòøúñ
K@B9<8<TXC@9A:H=9W=K<›;8=9J=A=;<8;C@ tT=H@9B:L=<Q8C:99:=H8L:B<=L
‰GU[±J•ØؼY
r:NTBC@rL8N8:H9¿8J[¿²T;9<:Ž@:L=;:‰•ØØ»:M89<:C8u:;:B>=B=
=<8F8C=C:;:9A8;=<Q;8=:B<;:=9u=9:9C:=LW@9@9NOB:;@9C:W=K<›;8=YZ9L:9L@9
=T<@;:9@W9:;F=;=LTL=L=8@;K=A=K8C=C:C:=W9@;>?@C:BT<;8:B<:9A:H=u=9:
9:KTBCV;8=:L;:H=>?@Du=9:A;8LV;8=J=H›LC899@J==<8F8C=C:;:9A8;=<Q;8=B=u=9:
9:KTBC=;8=u@8C:•–=•””ßL=8@;:L;:H=>?@Du=9:A;8LV;8=JL@9<;=BC@tT:=9
K›HTH=9W=K<:;8=B=9C=u=9:A;8LV;8=9?@L=89=C=A<=C=9D9K@BC8>Õ:98B<:;B=9C@
B:L=<@8C::8B9:<@J³V=9K›HTH=9W=K<:;8=B=9C=u=9:9:KTBCV;8==C=A<=C=9=
K@BC8>Õ:9C:9@H@Y
“”
88
93
[¶sEr‹JY]YԎZU\[UJŠYUYŽ8@H@Nµ=BC<=M@B@Lµ@uèy{‚|…~†‡ ƒY
BŒS[ESIUJYÔ¶[â[JsY¶Y‰UCYY8macjci.a`cd%m^_m%j.ach%1^m
g^cbcd^_.b_cma0cbYGH@;8C=Œ˜˜J•ØؔYAY—–’Ø”Y
[IœUrJrYŽYÔ\ZŠZ]܊ZJ[YÔ[I\U7[Y]YUY\YP;@CT<@9
u8<@99=B8<V;8@9::B<@L@A=<QN:B@9YBŒ[IœUrJrYŽY‰UCYYcma0cb%
j^_0cg^.mch%^m1%ac1q“Y:CYP8;=K8K=W=ŒGU[IæJ•ØؼYAY“•—R“™¼Y
[Š7[IãJœYÔ\ZŠZ]܊ZJ[YÔr[Š‹[R˜U˜äI[JIYœY˜Y
˜@LA=<8W8H8C=C:C:B:L=<@8C:9:B<@L@A=<@NOB8K@9K@LA;@CT<@9u8<@99=B8<V;8@9
T<8H8v=C@9B=KTH<T;=C@K=u::8;@Y9%j.acbcd^.0.1^b%^0.J˜=LA8B=9JFY“¼JBY“J
AY•»ØR•–¼JB@FY“””»Y
Ž[U‹‹J]YÔۍSs‹J7Y]YB<:;L:C8=;µL:<=W@H89LYBŒPUâJYŠYÔ
ۍSs‹J7Y]Y‰UCYY`%i`Ï1^cbcdÏ.mhg^c_`%j^1a0Ïcff0%%2b^/^md.mh
ib.ma2i.0.1^a^_m%j.ach%1YÛ=HH8BNu@;CŒ˜[ŽJ•ØؼYAY™™•R™–™Y
ŽZU\[UJŠYŽ8@H@NµJ<=M@B@Lµ=BC989<:L=<8K@u酂x‚|…~†‡ ƒ=BC
èy{‚|…~†‡ ƒYBŒS[ESIUJY‰UCYY8macjci.a`cd%m^_9%j.acbcdÏYŠ:¾
â@;¿Œ˜[ŽJ“””“YAY™–R–•Y
˜sr‹ZPsUrJ[YUYPY:<=HY[;=A8Cu8:HCRH=W@;=<@;µW8@=99=µ<@=99:99<²:
8Bu:K<8F8<µ@u\:H@8C@NµB:9AAYr:K@BC9<=N:³TF:B8H:9Y9%j.acbcd^_.JI:8C:BJ
FY»™JBY•JAY••—R•“”J]THµ•ØؗY
7U±’Z7SEU±JSYYÔZ\Z‹ZJ˜Ys:;=B>=C=;:989<OBK8=C:w‚‡‚xy|~
§| ¥zy|‡~‰]YUYrL8<²‰I:A8C@A<:;=ŒŠ@K<T8C=:=I=LWC=R˜8=H@<;8B=Y
9%ca0ci^_.b8macjcbcdÏJI@BC;8B=JFY™”JBY“JAY™••’™•åJ³TBY“””•Y
GU[±JIY˜Y˜YŽYŠ:L=<Q8C:9:B<@L@A=<@NOB8K@9YBŒ[IœUrJrYŽY‰UCYY
cma0cb%j^_0cg^.mch%^m1%ac1Y“Y:CYP8;=K8K=W=ŒGU[IæJ•ØؼYAY–»•R–åØY
GÞIIJYIY:<=HY[B=:;@W8@9898B<²:B:L=<@C:þ~y{‚|…~†‡zxzƒyºy¥~{ƒY
cji.0.a^/%^c_`%j^1a0Ï.mh2`Ï1^cbcdÏJŠ:¾â@;¿JFY•“»JBY™JAY“åØR
“¼”JŠ@FY•ØØØY
SI[±UJYrT;F8F=HW8@H@NµYBŒS[ESIUJY‰UCYY8macjci.a`cd%m^_
9%j.acbcdÏYŠ:¾â@;¿Œ˜[ŽJ“””“YAY•åØR•¼¼Y
“•
SUÛ[IJPYrYÔ7UŠ[7ZJUY[YŽYÔ[SEIIU[J\Y\Y
UB<@L@A=<²@N:B8KB:L=<@C:9ŒP@<:B<8=Hu@;:MAH@;=<8@B=BCT9:8Br@T<²
[L:;8K=YŠ:@<;@A8K=HUB<@L@H@NµJI@BC;8B=JFY™”JBY“JAY•Ø•R“”–J]TBY“””•Y
SUÛ[IJPYrYÔSUZSrJYUB<@L@A=<²@N:B8KB:L=<@C:9YBŒs[IIJGY
YÔ\UŠŠJ]Y]Y‰UCYY^ci%1a^_^h%1ŒT9:=BCC:H8F:;µY‹@<@¾=ŒsTL=B=J•ØؼY
AY“—•R“ØØY
s[[J[YsYÔ¶[â[JsY¶YUuu:K<9@u9:H:K<:C8B9:K<8K8C:9=BCB:L=<8K8C:9@B
<²:8BF8<;@C:F:H@AL:B<@u<²::B<@L@N:B@T9B:L=<@C:ÿy‚~ºy€x~{~
€~|‚€~ƒ~yYÒcp0m.bcf9%j.acbcdÏJGH@;8C=JFY•»JBY»JAY»¼å’»Ø•JZK<Y
•Ø¼“Y
s[‹[ŽJ\Y[YÔS[ESIUJYI8A8C9@u8BF8<;@KTH<T;:C„yxy|‚|…~†‡zxzƒ
†~€xy|z‚…‚|~Y^cbcd^_.bcma0cbJZ;H=BC@JFY•–JBY™JAY••™R••¼J]=BY•ØØØY
U7UJUY‹YÔPUŠ‹U[7ZJrYY˜YÔr˜s[‹±[JUYSYwz|yÚ{‚€xzºz‚A;@WH:L
8BŽ;=v8HŒC:<:K<8@BJ:F=HT=<8@B=BCK@B<;@HJAY»–R–“YBŒ˜ZŠGUUŠ˜U
‹[ŠŠSŠ‹sU˜ZŠ‹ZIZGrU0ŠZ˜‹IZŽâ‹sUErUZG
Š[‹E[IUŠU\UrJ•ØØåJ˜@H@LW@Y20c_%%h^md11ñ2ð3ðóûð4ñ5678ñ
G@;:9<r:;F8K:J•ØؼYAY»–R–“Y
¶ZPPUŠsÞGUJ[Y\Y:<=HY˜@LA=;89@B@uB:@B8K@<8B@8C8B9:K<8K8C:9=9
9µB:;N89<9u@;:B<@L@A=<²@N:B8KB:L=<@C:9Y^cbcd^_.bcma0cbJZ;H=BC@JFY“»J
AYؔRؗJ7:vY“””“Y
¶ZPPUŠsÞGUJ[Y\Y:<=HYrµB:;N89L@u:B<@L@A=<²@N:B8KB:L=<@C:9=BC
8L8C=KH@A;8C=N=8B9<¾²8<:N;TW9ŒN;::B²@T9:=BCu8:HC:F=HT=<8@BY^cbcd^_.b
cma0cbJZ;H=BC@JFY•ØJAY“»–R“–•J]THµ“”””Y
IUUJ7YIYÔ[‹¶ŠrZŠJsY]Y2`Ï1^cbcdÏcfm%j.ach%1YŠ:¾â@;¿Œ˜@HTLW8=
EB8F:;98<µJ•Ø——Y“•–AY
IUۏrJUYUY:<=HY˜²=BN:98Bu@;=N8BNW:²=F8@T;CT;8BN<²:8Bu:K<8F:9<=N:9@u
:B<@L@A=<²@N:B8KB:L=<@C:9Y2.0.1^acbcdÏJ˜=LW;8CN:JFY••”JAY–¼™R–Ø”J
7:vY•ØؖY
\ZU[JGY\YrYÔræEU[J]YZY‰UCYY^_0cg^cbcd^.%g^c9pÇj^_.hc
1cbcq“Y:CY=<T=HY:=LAHY“Y:CYI=F;=9ŒEGI[J“””åYAY•å™R“”•Y
““
ŠUSrZI]EŠZJ[YrY“””–Y[F=H8=>?@C:<›KB8K=9A=;=:9<TC@9C:
K@LA=<8W8H8C=C:C:A;@CT<@9u8<@99=B8<V;8@9K@LB:L=<Q8C:9:B<@L@A=<@NOB8K@9
‰²=WC8<8C=Œs:<:;@;²=WC8<8C=:Jr<:8B:;B:L=<8C=:Y“””–YؔAY7899:;<=>?@
‰\:9<;=C@:LUB<@L@H@N8=[N;8K@H=’EB8F:;98C=C:G:C:;=HC:I=F;=9JI=F;=9Y
ŠUSrZI]܊ZJ[YrYԎ[ŽZr[J˜YY˜YÔ\ZŠZ]܊ZJ[Y
[F=H8=>?@C=K@LA=<8W8H8C=C:C:A;@CT<@9u8<@99=B8<V;8@9K@LB:L=<Q8C:9
:B<@L@A=<@NOB8K@9‰²=WC8<8C=Œr<:8B:;B:L=<8C=:Js:<:;@;²=WC8<8C=:
T<8H8v=BC@@A;@<@K@H@L@C8u8K=C@C=ZŽ˜‘ÛPrY9%j.acbcd^.0.1^b%^0.J
˜=LA8B=9JFY™“JBY“JAY•••’••åJL=;Y“””¼Y
ŠUSrZI]܊ZJ[YrYÔS[˜[J\YrYԎ[ŽZr[ŠUSrZIJ˜YY
˜Y˜@LA=<8W8H8<µ@u:B<@L@A=<²@N:B8KB:L=<@C:9‰Š:L=<@C=Œ²=WC8<8C=¾8<²
;:N89<:;:C8B9:K<8K8C:9u@;w‚‡‚xy|~§| ¥zy|‡~‰rL8<²J•—Ø—‰I:A8C@A<:;=Œ
Š@K<T8C=:TBC:;H=W@;=<@;µK@BC8<8@B9Y0ci20ca%_a^cmJŽ:;H8BJFY“ØJAY–»–’
–»ØJ]TBY“”•”Y
P[P[˜U¶J7YÔr\‹sY7Y\=B:³@8B<:N;=C@C:A;=N=9B@9K8<;@9ŒH8B²=9N:;=89
C:TLA;@N;=L=K@L:;K8=HC:\P:LæT::B9H=BCJ[T9<;VH8=YBŒrU\Š
Z
Š‹UŠ[˜ZŠ[I7U˜‹ZrR\PJ™YJ•ØØ»JŽ:W:C@T;@Y
Ž:W:C@T;@ŒGEŠUPJ•ØØ»Y AY•–™R•—–
P[‹UIJ\YŠYÔr‹ZIŠr¶J\YÔۍSs‹J7Y]YŠ:T<;=HH8A8C9=BC<²:
=99:99L:B<@u8Bu:K<8F8<µ8B:B<@L@A=<²@N:B8KB:L=<@C:9Œ@W9:;F=<8@B9@Bu@T;
wxyz{y|{y}~9A:K8:9Y2.0.1^acbcdÏJ˜=LW;8CN:JFY••»JAY»¼ØR»ØåJŠ@FY•ØؗY
P[‹UIJ\YŠYÔۍSs‹J7Y]YP²@9A²@H8A8Cu=<<µ=K8CK@LA@98<8@B8B
9<:8B:;B:L=<8C:B<@L@A=<²@N:B8KB:L=<@C:9Ycji.0.a^/%^c_`%j^1a0Ï.mh
2`Ï1^cbcdÏJŠ:¾â@;¿JFY••¼YBY™JAYå»ØR喗JŠ@FY•ØؗY
æEJIYԎU77ŠSJY[;=A8CL:<²@Cu@;<²::9<8L=<8@B@uL:=BC;µ¾:8N²<
=BCH8A8CK@B<:B<@u<²:8Bu:K<8F:³TF:B8H:9@u:B<@L@A=<²@N:B8KB:L=<@C:9
T98BN8L=N:=B=Hµ989Y9%j.acbcdÏJI:8C:BJFY•JAY喖Råå”J]THµ•ØØØY
[\ZrRZ7äSEU±JZY:<=HY7µB=L8K9@uK=;W@BC8@M8C:;:H:=9:u;@L
8B9:K<98Bu:K<:C¾8<²:B<@L@A=<²@N:B8KB:L=<@C:9YÒcp0m.bcfm/%0a%g0.a%
2.a`cbcdÏJŠ:¾â@;¿JFYØ»JAY廒åØJr:A<Y•ØØØY
ZœUr‹JIYÔ7UrUÞJ¶YœY˜@LA=<8W8H8<µ@uK²:L8K=HA:9<8K8C:9¾8<²<²:
:B<@L@A=<²@N:B8KB:L:<@C:9Jwxyz{y|{y}~€~|‚€~ƒ~yÛ:89:;=BCwá§yºxz~y
G8H8A³:F‰Š:L=<@C=Œr<:8B:;B:L=<8C=:Y9%j.acbcd^_.JI:8C:BJFY™åJAY“™—R
“»–J•ØؔY
“™
ZœUr‹JIY:<=HY˜@LA=<8W8H8<µ@uA:9<8K8C:9¾8<²<²::B<@L@A=<²@N:B8K
B:L=<@C:„yxy|‚|…~†‡zxzƒ†~€xy|z‚…‚|~P@8B=;‰Š:L=<@C=Œs:<:;@;²=WC8<8C=:Y
9%j.acbcd^_.JI:8C:BJFY™»JAY»å“R»—åJ•Ø¼¼Y
r\SUIr¶J[Y]YÔ[¶sEr‹JY]YԎZU\[UJŠYUYP²=9:F=;8=<8@B8B
èy{‚|…~†‡ ƒ{y}~x‚…zº ƒ=BC酂x‚|…~†‡ ƒº }z{yƒ€y{ƒŒC8uu:;:BK:98B
;:9A8;=<@;µ=K<8F8<µ=BCL:LW;=B::B:;N8v=<8@BY3iib^%h.mh8m/^0cmj%ma.b
^_0cg^cbcdÏJÛ=9²8BN<@BJFYå”JAY•“”R•“–J]=BY•ØØ»Y
œ[ŠSEŠ7âJrY7YUK@H@Nµ@uyº‚z‡‚¥¯{y9AAY:LA²=9:9@B:BF8;@BL:B<=H
u=K<@;9=uu:K<8BN9T;F8F=H=BCA=<²@N:B8K8<µYBŒr[rrUJ]YŠYԘ[‹UJ˜Y˜Y
‰UCYY3m.h/.m_%ha0%.a^1%cm#)#Y=H:8N²ŒŠ@;<²˜=;@H8B=r<=<:
EB8F:;98<µS;=A²8K9J•Ø¼–YAY•——R•¼“Y
ۍSs‹J7Y]YÔPUâJYŠYP²µ98@H@Nµ=BCW8@K²:L89<;µYBŒS[ESIUJ
Y‰UCYY8macjci.a`cd%m^_m%j.acbcdÏYŠ:¾â@;¿Œ˜[ŽJ“””“YAY•»–R•å¼Y
±ŽIr¶UJIY\Y˜=;W@BL8B:;=H8v=<8@BYBŒÛU[œUJYÛYÔr˜Z‹‹J[YÔ
ŽZ‹‹Z\IUâJPY]Y‰UCYY%a`ch1cf1c^b.m.bÏ1^1ŒL8K;@W8@H@N8K=H=BC
W8@K²:L8K=HA;@A:;<8:9Y\=C89@BŒr@8HrK8:BK:r@K8:<µ@u[L:;8K=J•ØØ»YAY•”R
™–Y
“»
3
585cji.a^g^b^aÏcf%macjci.a`cd%m^_m%j.ach%1+9%j.ach.,
`.gh^a^h.-Ð^a`^m1%_a^_^h%1p1%h^ma`%acj.ac_0ci
P=TH@s:B;8tT:C:r8tT:8;=r=W8B@=JG:;B=BC=r@=;:9r=H:9=JUH9=]TC8<²
ST:F=;==J
[HK8C:9\@8B@];=Y=BC˜=L8H=˜;=L:;G8HNT:8;=9=
=7:A=;
<=L:B<@C:UB<@L@H@N8=JEB8F:;98C=C:G:C:;=HC:I=F;=9‰EGI[J
I=F;=9‰\SŽ;=v8H
A²9=W8B@”ØNL=8HYK@L
30a^dcipgb^_.hcmci%0^oh^_c9%j.ach.
“–
3
3,UB<@L@A=<²@N:B8KB:L=<@C:9‰UPŠ9=;:=N:B<9<²=<K=BW:T9:C
u@;<²:W8@H@N8K=HK@B<;@H@uA:9<9=99@K8=<:C¾8<²8B9:K<8K8C:98B=<=B¿L8MY
˜@LA=<8W8H8<µ9<TC8:9B::C<@W:K@BCTK<:C<@=B=Hµv:¾²8K²A;@CTK<9=;:
K@LA=<8WH: ¾8<² B:L=<@C:9Y‹²: =8L @u<²89 ¾@;¿ ¾=9 <@ :F=HT=<: <²:
K@LA=<8W8H8<µW:<¾::BUPŠ9=BC<²:8B9:K<8K8C:9<²=<=;:L@9<T9:C@B<²:<@L=<@
K;@AJ=BC<@K@;;:H=<:<²:<@M8K@H@N8K=HKH=998u8K=<8@B@u<²:K²:L8K=HA;@CTK<9¾8<²
<¾@9A:K8:9@uUPŠ9<²=<²=F:<²:A@<:B<8=H<@K@B<;@H<@L=<@H:=uL8B:;J® x~
~†ƒ‚º x~Y [L@BN <²: A;@CTK<9 <:9<:CJ ˜:;<:;@½ ‰<;8uHTLT;@BJ 7:K89½
‰C:H<=L:<²;8BJP;:F8KT;½‰C8L:<²µH=L8B@RA;@AµHJ[LAH8N@½‰H=LWC=Kµ²=H@<²;8B
K²H@;=B<;=B8HA;@H:JP;:L8@½ ‰KH@;=B<;=B8HA;@H:JUBN:@PH:B@½ ‰<²8=L:<²@M=L
H=LWC=RKµ²=H@<²;8B¾:;:K@LA=<8WH:‰ZŽ˜KH=99•¾8<²W@<²B:L=<@C:
9A:K8:9Y
%ÏÐc0h1,=99@K8=<:CK@B<;@HJW8@H@N8K=HK@B<;@HJ9:H:K<8F8<µ
9
6469
‹²:<@L=<@‰¯€‚y|ƒz€‚{yƒ€ ºy{x }\8HH89K@B98C:;:C@B:@u<²:L=8B
=N;8KTH<T;=HK;@A9¾@;HC¾8C:JW:8BNKT;;:B<HµC89<;8WT<:C8B=HHŽ;=v8H8=B;:N8@B9J
:9A:K8=HHµ<²:\8C¾:9<=BC<²:r@T<²RU=9<•Y[L@BN<²:A;8BK8A=H8B9:K<A:9<9@u
<²:<@L=<@K;@A<²:<@L=<@H:=uL8B:;J® x~~†ƒ‚º x~‰\:µ;8K¿‰I:A8C@A<:;=Œ
S:H:K²88C=:J9<=BC9@T<Y<89K@B98C:;:C=¿:µA:9<JK=T98BNC=L=N:<@H:=F:9J
9²@@<9=BCu;T8<J=BCL=µK=T9:K@LAH:<:H@99@u<²:K;@A“Y˜²:L8K=HK@B<;@H89
<²:L@9<K@LL@B¾=µ<@;:CTK:A:9<A@ATH=<8@B9JWT<8<K=B@u<:BH:=C<@9:;8@T9
A;@WH:L99TK²=9:H8L8B=<8@B@u<²:A@ATH=<8@B@uB=<T;=H:B:L8:9J²TL=B=BC
:BF8;@BL:B<=HK@B<=L8B=<8@B=BC8BCTK:C;:989<=BK:8BA:9<A@ATH=<8@B9™Y
Ž8@H@N8K=HK@B<;@H89 =B 8LA@;<=B<<@@H8B <²: ;:CTK<8@B @u <²:
=u@;:L:B<8@B:C A;@WH:L9YZB: W8@H@N8K=HK@B<;@H9<;=<:Nµ 89 <²: T9: @u
:B<@L@A=<²@N:B8K B:L=<@C:9 ‰UPŠ9J:9A:K8=HHµ 9A:K8:9 u;@L <²: N:B:;=
“å
wxyz{y|{y}~=BC„yxy|‚|…~†‡zxzƒ¡CT:<@<²:LT<T=H89<8K=99@K8=<8@B¾8<²W=K<:;8=
u;@L<²:N:B:;=èy{‚|…~†‡ ƒ=BC酂x‚|…~†‡ ƒJ;:9A:K<8F:HµJ¾²8K²K=T9:;=A8C
C:=<²<@<²:8B9:K<YP=;=98<89L9<=;<9¾²:B8Bu:K<8F:³TF:B8H:9‰]9:B<:;<²;@TN²
B=<T;=H@A:B8BN9‰L@T<²J=BT9=BC9A8;=KH:@;ïëõøìò3ñëîñòøñëîúøìòúñòøöóøîòñ
‰:9A:K8=HHµ„yxy|‚|…~†‡zxzƒJ;:H:=98BN<²:W=K<:;8=<²;@TN²<²:=BT9=BCK=T98BN
²@9<C:=<²»Y
G@H8=;=AAH8K=<8@B@uB:L=<@C:9A;:9:B<9N;:=<A@<:B<8=Hu@;K@B<;@HH8BN
H:=uL8B:;H=;F=:–JåY‹²:B:L=<@C:9=;:=AAH8:C8BK;@A9<²=<;:K:8F:F=;µ8BN
=N;8KTH<T;=H8BAT<9J9TK²=9u:;<8H8v:;9=BCK²:L8K=HA;@CTK<9=AAH8:C@B<²:H:=F:9Ô
9@L:A;@CTK<9L=µ;:CTK:<²:9T;F8F=H=BC8Bu:K<8F8<µ@u<²:9:B:L=<@C:9—YB
8B<:N;=<:CA:9<K@B<;@HJ9:H:K<8F:8B9:K<8K8C:9=;:T9:C<@N:<²:;¾8<²W8@H@N8K=H
K@B<;@H=N:B<9J=BC<²:µL=µ8BuHT:BK:<²:=K<8F8<µ@u<²:9:@;N=B89L9¼Y<²=9<²T9
W:K@L:F:;µ8LA@;<=B<<@H:=;BL@;:=W@T<¾²8K²8B9:K<8K8C:9²:HA<²:B:L=<@C:9
8B8B<:N;=<:CK@B<;@H=BCJ8BK@B9:tT:BK:J;:CTK:<²::9<=WH89²L:B<@uA@ATH=<8@B9
¾8<²N:B:9<²=<K@Bu:;;:989<=BK:<@=K@B<;@H=N:B<ØY‹²T9J8<89F8<=H<@:F=HT=<:
K;8<8K=HHµ<²:K@LA=<8W8H8<µ@u8B9:K<8K8C:9=BC:B<@L@A=<²@N:B8KB:L=<@C:9J
=8L8BN<@8B<;@CTK:<²:9:@;N=B89L98B<@8B<:N;=<:CA:9<L=B=N:L:B<‰P\Y
‹²: =8L @u<²89¾@;¿ ¾=9<@ :F=HT=<: <²: K@LA=<8W8H8<µ W:<¾::B
8B9:K<8K8C:9<²=<=;:L@9<T9:C@B<²:<@L=<@K;@A=BCK@;;:H=<:<²:<@M8K@H@N8K=H
KH=998u8K=<8@B@u<²:A;@CTK<9¾8<²<¾@9A:K8:9@uUPŠ9<²=<²=F:<²:A@<:B<8=H<@
K@B<;@H<@L=<@H:=uL8B:;Y
38
3539876
‹²:B:L=<@C:9T9:C8B<²:W8@=99=µ¾:;:wxyz{y|{y}~€~|‚€~ƒ~y[HH
‰89@H=<:C 8B Š@;<² ˜=;@H8B=JEr[=BC „yxy|‚|…~†‡zxzƒ~}~ˆ‚{y{ƒzƒ]P\»
‰89@H=<:C8BI=F;=9J\SJŽ;=v8HJ8C:B<8u8:C=<<²:EB8F:;98<µ@uGH@;8C=•”J¾²8K²
¾:;:L=8B<=8B:C8B=B=tT:@T99T9A:B98@B‰–””]9‘LI=<•å• ˜Y
“—
P;@CTK<8@B @u¹~ººy|z~}yºº‚{yºº~‰I‰I:A8C@A<:;=ŒPµ;=H8C=:¾=9
K=;;8:C@T<8B=KK@;C=BK:¾8<²<²:L:<²@C@H@Nµ=C=A<:CWµ7T<¿µ:<=HY••JT98BN
=B=;<8u8K8=HC8:<L@C8u8:CWµP=;;=•“Y‹²::B<@L@A=<²@N:B8KB:L=<@C:9¾:;:
LTH<8AH8:C@Bu8B=HR8B9<=;H=;F=:@u¹á}yºº‚{yºº~J8B=KK@;C=BK:¾8<²¶=µ=!
r<@K¿•™Y
‹²:B:L=<@C:9@W<=8B:Cu;@L¹á}yºº‚{yºº~H=;F=:¾:;:¿:A<8B=tT:@T9
9T9A:B98@B=<•å• ˜=BC9<@;:Cu@;TA<@@B:¾::¿W:u@;:W:8BNT9:C8B<²:
:MA:;8L:B<Y‹²:K@BK:B<;=<8@B@u]98B<²:u8B=H9T9A:B98@B¾=9tT=B<8u8:C¾8<²
<²:T9:@uA@Hµ9<µ;:B:9²::<9K@B<=8B8BNØå¾:HH9=9T9:C8B9:;@H@N8K=H<:9<9J
=AAHµ8BN”Y•LI@u]9T9A:B98@BA:;¾:HHY[<<²::BCJ<²:tT=B<8<µ@u]A:;=H8tT@<
@u•LI¾=9@W<=8B:CJ=BC<²:L:=BF=HT:@u<²;::=H8tT@<K@TB<9¾=9<=¿:BY
þ‚}~xz†zºzx̄†z‚~ƒƒ~¯†yx"yy{y{x‚}‚~x…‚¥y{z€{y}~x‚‡yƒ~{‡z{ƒy€xz€z‡yƒ
‹@C:<:;L8B:<²:K@LA=<8W8H8<µ@u<²::B<@L@A=<²@N:B8KB:L=<@C:9¾8<²
<²:8B9:K<8K8C:9T9:C@B<@L=<@K;@A9J<²:L:<²@C@H@NµL@C8u8:CWµŠ:N;89@H8];
:<=HY•»¾=9T9:CJ:F=HT=<8BN<²:F8=W8H8<µ=BC8Bu:K<8F8<µ@u<²:]9=u<:;:MA@9T;:
<@<²:A;@CTK<9Y‹²:W8@=99=µ¾=9K=;;8:C@T<¾8<²:8N²<8B9:K<8K8C:9B@;L=HHµ
T9:C@B<²:<@L=<@K;@A‰‹=WH:•Y
ZB:H8<:;@u:=K² u@;LTH=<:C A;@CTK<¾=9A;:A=;:CJ=<C@TWH:<²:
;:K@LL:BC:CC@9:u@;=AAH8K=<8@B@B@B:²:K<=;:YG;@L<²899@HT<8@BJ@B:=H8tT@<
@u•LI¾=9<=¿:B=BCAH=K:C8B:=K²NH=99<TW:@u:=K²<;:=<L:B<J¾8<²:=K²
<;:=<L:B<W:8BNK@LA@9:C@uu8F:<TW:9‰:=K²<TW:=9@B:;:A:<8<8@BJ<@¾²8K²•
LI@u9T9A:B98@BK@B<=8B8BN“Y–””]9¾=9=CC:C=BC9²=¿:BY‹²:W8@=99=µ<@@¿
AH=K:8B=K²=LW:;KH8L=<8v:C=<“—• ˜Js@u—”•”ßY‹²:F8=W8H8<µ@u<²:
B:L=<@C:9¾=9:F=HT=<:C»¼²@T;9=u<:;:MA@9T;:<@<²:A;@CTK<9YG@;<²89J@B:
=H8tT@<@u”Y•LI‰¾²8K²K@;;:9A@BC9<@•“–]9¾=9;:L@F:Cu;@L <²:
9T9A:B98@B=BC<²:]9¾:;:@W9:;F:CTBC:;9<:;:@9K@A8KL8K;@9K@A:<@F:;8uµ<²:
:uu:K<K=T9:CWµ<²:<:9<:CA;@CTK<9@BB:L=<@C:F8=W8H8<µY‹²@9:<²=<C8CB@<
“¼
;:9A@BC<@9<8LTH=<8@B¾8<²9K=HA:H¾:;:K@B98C:;:CC:=CYr@@B=u<:;:F=HT=<8BN
F8=W8H8<µJ<²:8Bu:K<8F8<µ<:9<¾=9K=;;8:C@T<Ôu@;<²89™LI@uC89<8HH:C¾=<:;¾=9
=CC:C<@<²:NH=99<TW:9J¾²8K²¾:;:<²:BH:u<<@C:K=B<u@;™”L8BT<:98B=
K²=LW:;KH8L=<8v:C=<“—• ˜Js@u—”•”ßY‹²:9TA:;B=<=B<‰=W@T<™LI
¾=9C89K=;C:C=BC¾=9²8BN¾=9;:A:=<:C<²;::<8L:9Y[u<:;<²:H=9<¾=9²J”Y“LI
‰=W@T<“–”]9¾=9;:L@F:Cu;@L<²:W@<<@L@u:=K²<TW:=BCA8A:<<:C@B<@u8F:
P:<;8C89²:9A:;<;:=<L:B<‰ØKL8BC8=L:<:;J:=K²K@B<=8B8BN@B:9²::<@uu8H<:;
A=A:;JA;:F8@T9HµL@89<:B:C¾8<²•Y¼LI@uC89<8HH:C¾=<:;Y
U=K²C89²;:K:8F:C•”u8B=HR8B9<=;¹á}yºº‚{yºº~H=;F=:=BC¾=9¿:A<8B=
K²=LW:;KH8L=<8v:CTBC:;<²:9=L:K@BC8<8@B9=9<²:A;:F8@T9<:9<Ju@;<²;::C=µ9Y
[u<:;<²89A:;8@CJ<²:C:=CH=;F=:¾:;:<;=B9u:;;:C<@P:<;8C89²:9‰ØKL 8B
C8=L:<:;K@B<=8B8BNu8H<:;A=A:;J=BCL=8B<=8B:C8B=K²=LW:;KH8L=<8v:C=<“—
• ˜Js@u—”•”ßu@;<²;::L@;:C=µ9Y[u<:;<²89A:;8@C<²:µ¾:;:@W9:;F:C
TBC:;9<:;:@9K@A8KL8K;@9K@A:=BC9TWL8<<:C<@C899:K<8@B<@F:;8uµ<²:A;:9:BK:
@uB:L=<@C:9Y‹²::MA:;8L:B<=HC:98NB¾=9K@LAH:<:Hµ;=BC@LJ=BC<²:L@;<=H8<µ
F=HT:9@uB:L=<@C:9=BCH=;F=:¾:;:9TWL8<<:C<@=B=Hµ989@uF=;8=BK:Y
‹²::uu:K<@u<²:8B9:K<8K8C:9¾=9=B=Hµv:Cu@;:=K²B:L=<@C:Y‹²:
C8uu:;:BK:98B<²:F8=W8H8<µ=BC8Bu:K<8F8<µ@u<²:UPŠ9A:K8:9¾:;:=B=Hµv:CT98BN
‹T¿:µ<:9<‰A#”Y”–J¾8<²<²:rrœ[A;@N;=L•–Y‹²::uu:K<9@u<²:<;:=<L:B<9
@BUPŠ 8Bu:K<8F8<µ8B¹á}yºº‚{yºº~¾:;:KH=998u8:C=KK@;C8BN<@P:<:;9!
P@THH@<•åJW=9:C@B<²:ZŽ˜NT8C:=BC<²:u@;LTH=Œ
Ußٕ””’‰•””’ßK@;;:K<:CL@;<=H8<µ$‰•””’:C
B¾²8K²:CÙA:;K:B<=N:;:CTK<8@B8B8Bu:K<8F8<µ8B<²:<;:=<L:B<Y
‹²:K@;;:K<:CL@;<=H8<µ¾=9:tT=H<@v:;@u@;=HH<;:=<L:B<9J=BC¾=9<²T9
B@<K@B98C:;:C8B<²:K=HKTH=<8@B@uUßY
‹²:A:;K:B<=N:;:CTK<8@B8BUPŠ 8Bu:K<8F8<µ¾=9K=HKTH=<:CWµ<²:
u@;LTH=Œ
:Cى•’<‘K$•””
“Ø
<ÙL@;<=H8<µ@u¹á}yºº‚{yºº~8B:=K²<;:=<L:B<
KÙL@;<=H8<µ@u¹á}yºº‚{yºº~8BK@B<;@H<;:=<L:B<
Ž=9:C@B<²:F=HT:@uUß<²:A;@CTK<9¾:;:KH=998u8:C=9Œ•’B@BR<@M8K
‰#™”ߐJ“’9H8N²<Hµ<@M8K‰™”’—ØߐJ™’L@C:;=<:Hµ<@M8K‰¼”’ØØߐ=BC»’
<@M8K‰%ØØߐY
G@;<²:<;:=<L:B<9<²=<A;:9:B<:C=A:;K:B<=N:@uC:=CH=;F=:<²=<¾=9
N;:=<:;<²=B8B<²:K@B<;@H<;:=<L:B<JUß¾=9K@B98C:;:C:tT=H<@v:;@=BC<²:
A;@CTK<¾=9K@B98C:;:CB@BR<@M8KY
84539469
B;:H=<8@B<@<²:F8=W8H8<µ@u<²:]9:MA@9:C<@C8uu:;:B<8B9:K<8K8C:9J=HH
A;@F@¿:CH@¾L@;<=H8<µ8B<²:]9u;@L<²:<¾@B:L=<@C:9A:K8:9‰‹=WH:“YB
;:H=<8@B<@wá€~|‚€~ƒ~y[HHJ<²:K@B<;@H<;:=<L:B<¾=99<=<89<8K=HHµ:tT=H<@<²:
A;@CTK<9œ:;<8L:K½J7:K89½=BC¶H@;A=B½Y‹²:²8N²:9<L@;<=H8<µ;:N89<:;:Cu@;„á
~}~ˆ‚{y{ƒzƒ]P\»¾=9¾8<²P;:F8KT;½JK=T98BN“»Yåß@u]L@;<=H8<µÔ<²89¾=9
<²:@BHµA;@CTK<<²=<C8uu:;:C9<=<89<8K=HHµu;@L <²:K@B<;@H<;:=<L:B<YZ<²:;
A;@CTK<9K=T9:CL@;<=H8<µH@¾:;<²=B“”ß@B„á~}~ˆ‚{y{ƒzƒ]P\»]9Y
wá€~|‚€~ƒ~y[HH@W<=8B:C²8N²:;L:=B8Bu:K<8F8<µ8BK@LA=;89@B<@„á
~}~ˆ‚{y{ƒzƒ]P\»‰‹=WH:™Y‹²:A;@CTK<9<²=<L@9<=uu:K<:C„á~}~ˆ‚{y{ƒzƒ
]P\»¾:;:œ:;<8L:K½ =BC¶H@;A=B½JA;@F@¿8BN™”=BC“åß L@;<=H8<µ@u¹á
}yºº‚{yºº~H=;F=:J;:9A:K<8F:HµJW:8BN<²:@BHµ@B:9<²=<C8uu:;:C9<=<89<8K=HHµu;@L
<²:K@B<;@H<;:=<L:B<Y‹²:9=L:²=AA:B:C ¾8<² wá€~|‚€~ƒ~y[HH¡¾8<²
œ:;<8L:K½=BC¶H@;A=B½K=T98BN“”=BC–”ß@uL@;<=H8<µ@u¹á}yºº‚{yºº~H=;F=:J
;:9A:K<8F:HµY
B<²:A;:9:B<¾@;¿J<²:<¾@9A:K8:9@uUPŠ9wá€~|‚€~ƒ~y[HH=BC„á
~}~ˆ‚{y{ƒzƒ]P\»¾:;:B@<=uu:K<:C8B;:H=<8@B<@<²:8;F8=W8H8<µ¾²:B:MA@9:C
<@<²:8B9:K<8K8C:œ:;<8L:K½JWT<=;:CTK<8@B8B]8Bu:K<8F8<µ<@@¿AH=K:Y‹²89;:9TH<
™”
L=µ²=F:W::B@W9:;F:CCT:<@<²:B:L=<8K8C=H:uu:K<@u<²89A;@CTK<J=9
=W=L:K<8BK=B8BF@HF:=<@M8K:uu:K<C8;:K<Hµ@B<²:AH=B<A=;=98<8KB:L=<@C:9Wµ
C=L=N8BN<²:8;9:B9@;8=H@;N=B9JL=¿8BN8<8LA@998WH:<@;:K@NB8v:<²:A:B:<;=<8@B
98<:•—YÛ@;¿K=;;8:C@T<Wµs:=C:<=HY•¼=H9@C:L@B9<;=<:C<²=<7µB=L:K½ K=T9:C
H@¾8Bu:K<8F8<µ‰”Y•ß@u]98B¹á}yºº‚{yºº~H=;F=:Y
B<²:A;:9:B<¾@;¿J<²:<¾@9A:K8:9@uUPŠ9A;:9:B<:C8B9:B98<8F8<µ<@<²:
K²8<8BR8B²8W8<8BN8B9:K<8K8C:˜:;<:;@½Y‹²89;:9TH<L=µW:CT:<@<²:=W9:BK:@u
K²8<8B8B<²:KT<8KTH=;9<;TK<T;:@u<²:B:L=<@C:9J=9<²:8;A;8L=;µK@B9<8<T<8@B89
u@;L:CWµK@HH=N:B9JKT<8KTH8B9=BC@<²:;A;@<:8B9•ØYB=CC8<8@BJ<²:8B9:K<8K8C:
¾8<²=K<8@B98L8H=;<@<²=<@u˜:;<:;@½JK²8<8BR8B²8W8<@;C8uHTW:BvT;@B‰TB¿B@¾B
K@L:;K8=HA;@CTK<JC8CB@<A;@F@¿:=Bµ8B²8W8<8@B8B<²:;:A;@CTK<8@B=BC
C:F:H@AL:B<@uwá€~|‚€~ƒ~y8Bz{ªzx|‚<:9<9K=;;8:C@T<Wµs=;=!¶=µ=“”Y
˜²8<8BR8B²8W8<8BN8B9:K<8K8C:9²=CA;:F8@T9HµW::B@W9:;F:CB@<=uu:K<8BN<²:
F8=W8H8<µ@u„yxy|‚|…~†‡zxzƒ†~€xy|z‚…‚|~“•J;=<8uµ8BN<²:;:9TH<9@W9:;F:CWµ
@F:9<8!7:9:à““@Bwá€~|‚€~ƒ~y=BCwxyz{y|{y}~§yºxz~y=BCWµ7:Š=;C@
!S;:¾=H“™¾8<²<²:8B9:K<8K8C:[C:A<S½ @Bwá§yºxz~yJ=H9@=N;::8BN¾8<²<²:
;:9TH<9@W<=8B:C8B<²:A;:9:B<¾@;¿Y
™•
3585q˜²=;=K<:;89<8K9@u<²:8B9:K<8K8C:9T9:C8B<²:W8@=99=µY
‹:K²B8K=HB=L:
˜@LL:;K8=HB=L: G@;LTH=<8@B= ‹Y˜W
[W=L:K<8B
‹;8uHTLT;@B
7:H<=L:<²;8B
78L:<²µH=L8B@RA;@AµH
˜²H@;Aµ;8u@9
I=LWC=RKµ²=H@<;8B˜²H@;=B<;=B8HA;@H:
˜²H@;=B<;=B8HA;@H:
‹²8=L:<²@M=BI=LWC=RKµ²=H@<²;8B
=
œ:;<8L:K•¼½
˜:;<:;@½
7:K89“–½
P;:F8KT;Š½
¶H@;A=B»¼”½
[LAH8N@½
P;:L8@½
UBN:@PH:B@½
U˜
r˜
U˜
˜r
U˜
r˜
r˜
r˜

[F:;L:K<8B

Ž:Bv@µHT;:=

Pµ;:<²;@8C
œ
˜=;W=L=<:

Z;N=B@A²@9A²=<:
 Pµ;:<²;@8C[B<²;=B8H=L8C:

[B<²;=B8H=L8C:
 Š:@B8K@<8B@8C9Pµ;:<²;@8C
U˜ÙULTH98@B=WH:K@BK:B<;=<:ԘrÙK@BK:B<;=<:C9T9A:B98@BÔr˜Ù9@HTWH:K@BK:B<;=<:
W‹Y˜Ù‹@M8
K@H@N8K=HKH=998u8K=<8@B
Ks8
N²:9<;:K@LL:BC:CK@BK:B<;=<8@B
˜²:L8K=HN;@TA
˜@BK:B<;=<8@B‘
²=K
•J“H
™””LH
»””LH
•J–H
¼””LH
™””LH
“””LH
¼””LH
™“
3583qP:;K:B<=N:@uL@;<=H8<µ‰L:=BrU@u„yxy|‚|…~†‡zxzƒ~}~ˆ‚{y{zƒ]P\»=BCwxyz{y|{y}~€~|‚€~ƒ~y[HH
:MA@9T;:<@<²:8B9:K<8K8C:9T9:C@B<²:<@L=<@K;@A‰“—•@˜JEC:—”•”ߐY
„yxy|‚|~†‡zxzƒ~}~ˆ½‚{y{ƒyƒ

wxyz{y|{y}~€~|‚€~ƒ~y

=
UBN:@PH:B½@
åJ“”J•Ø=
˜@B<;@H
“J””J“”=
[LAH8N@½
¼J””J•“=
7:K89“–½ ½
ØJ“”J»»=W
P;:L8@
¼J»”J•—=
¶H@;A=B»¼”½
•“J¼”J“”=W
˜@B<;@H½
ØJ””J“”=
œ:;<8L:K•¼½
•™Jå”J•—=W
˜:;<:;@ ½
ØJ“”J“”=
UBN:@PH:½B@
•—Jå”J™åW
œ:;<8L:K•¼½
•™J“”J•Ø=W
˜:;<:;@½
•¼J“”Jå»W
¶H@;A=B»¼½”
•åJ“”J“Ø=W
[LAH8N@½
“•J“”J™–W
7:K89“–½
•ØJ“”J“–=W
P;:L8@ ½
“•Jå”J™•W
P;:F8KT;Š
“»Jå”J»“W
P;:F8KT;Š
““J¼”J™—W
˜œ‰ß
—Jå
—J¼
=\:=B9ê
ð33ð&øïñûñòøñúíóøñ3øòòøõñïðñîðòñúëîëêëìíîò3ñïëêêøõñíììðõïëîñòðñ'ö(øúñòøúòñíòñíñ)*ñúëîëêëìíîìøñ3ø÷ø3+
™™
358Äq\@;<=H8<µ@u¹~ººy|z~}yºº‚{yºº~H=;F=:‰L:=BrUu@;„yxy|‚|…@~†‡zxzƒ~}~ˆ‚{y{zƒ]P\»=BCwxyz{y|{y}~
€~|‚€~ƒ~y[HH:MA@9T;:<@<²:8B9:K<8K8C:9T9:C@B<²:<@L=<@K;@A‰“—•˜JEC:—”•”ߐY
„yxy|‚|~†‡zxzƒ~}~ˆ=‚{y{zƒ K C

wxyz{y|{y}~€~|‚€=~ƒ~y K C
\@;<=H8<µ‰ß
Uß ˜
\@;<=H8<µ‰ß Uß ˜
¶H@;A=B»¼”½½
“åJ””J»”W
åØJ— “ œ:;<8L:K•¼½½
“”J””J–»K
—ØJ• “
œ:;<8L:K•½¼
™”J””J»”W
å–J• “ ¶H@;A=B»¼”½
–”J””J–»W
»—JØ “
7:K89“–½
—”J””J™•=
•¼Jå • P;:F8KT;Š½
¼”J””J—”=
” •
[LAH8N@½
—åJ””J“»=
••Jå • ˜:;<:;@ ½
¼“J””J–”=
•»J– •
˜:;<:;@½
—åJ””J–”=
••Jå • UBN:@PH:B@
Ø»J””J»”=
“J” •
P;:L8@ ½
¼”J””J—”=
åJØ • ˜@B<;@H½
ØåJ””J»”=
R
P;:F8KT;Š
¼“J”W”J™—=
»Jå • 7:K89“–½
ØåJ””J»”=
” •
˜@B<;@H
¼åJ” ”Jå”=
R
[LAH8N@
•””J””J””=
” •
UBN:@PH:B@½
ؔJ””J»»=
” • P;:L8@½
•””J””J””=
” •
˜œ‰
ߐ
•
™
J
¼
•
»
J
•
=
7:=C¹~ººy|z~}yºº‚{yºº~H=;F=:Y
W,øíîúñ
êð33ð&øïñûñòøñúíóøñ3øòòøõñïðñîðòñúëîëêëìíîò3ñïëêêøõñíììðõïëîñòðñ'ö(øúñòøúòñíòñíñ)*ñúëîëêëìíîìøñ3ø÷ø3+ñ
K‹;
:=<L:B<:uu:K<ŒUßٕ””’‰•””’ßK@;;:K<:CL@;<=H8<µM‰•””’:CYß@uK@;;:K<:CL@;<=H8<µ¾=9BTHH8B=HH<;:=<L:B<9=BC
<²:;:u@;:B@<K@B98C:;:Cu@;K=HKTH=<8BNUY
C
ZŽ˜<@M8K@H@N8K=HKH=998u8K=<8@B@u<²:8B9:K<8K8C:9Œ•-²=;LH:99‰#™”ߐJ“-9H8N²<Hµ²=;LuTH‰™”’—ØߐY
™»
r<TC8:9K=;;8:C@T<Wµ@<²:;=T<²@;9=H9@9²@¾H@¾]L@;<=H8<µu@;wá
€~|‚€~ƒ~y¾²:B:MA@9:C<@K²H@;Aµ;8u@9“»J“–J“åYZB:²µA@<²:989<²=<L=µ
:MAH=8B <²89 8B9:B98<8F8<µ 8B <²: UPŠ9 8BF@HF:9 <²: A;:9:BK: @u
WT<µ;µHK²@H8B:9<:;=9:8B <²:9µB=A9:@uA=;=98<8KB:L=<@C:9JA;@<:K<8BN <²:
=K:<µHK²@H8B:9<:;=9:J=BC <²T9 =K<8BN =9 = u;@B<H8B: C:u:B9: =N=8B9<9TK²
K@LA@TBC9“—YŠ:N;89@H8];:<=HY•»@W9:;F:C<²=<Pµ;8B:M½ K=T9:CH@¾L@;<=H8<µ8B
„á†~€xy|z‚…‚|~‰“Y¼ß=BCwá€~|‚€~ƒ~y‰“Y“ߐJ²@¾:F:;J8<K=T9:C=
;:CTK<8@B8B<²:8Bu:K<8F8<µ@u<²:]98B¹á}yºº‚{yºº~H=;F=:Y‹²:9=L:;:9TH<¾=9
u@TBC8B<²:A;:9:B<:9<TCµJ=BC<²89L=µW:;:H=<:C<@<²:;:CTK<8@B8BH8A8C98B
<²:UPŠ9=u<:;K@B<=K<¾8<²8B9:K<8K8C:9Y‹²:tT=B<8<µ@uH8A8C9A;:9:B<8B<²:]9
C8;:K<Hµ8BuHT:BK:9²@9<8Bu:K<8F8<µ“¼Y
ZW9:;F8BN<²:=K<8@B@uAµ;:<²;@8C9JŠ:N;89@H8];:<=HY•Øu@TBCH@¾UPŠ
L@;<=H8<µ‰W:H@¾•”ߐ¾²:B:MA@9:C<@<²:A;@CTK<7:K89½Yr8L8H=;;:9TH<9¾:;:
u@TBC8B<²899<TCµJ¾²8K²W;@=C:B9<²:;:9TH<9;:H=<:C<@<²:9=u:<µ@u<²89A;@CTK<
u@;UPŠ9Y‹²:9=u:<µ@u@<²:;8B9:K<8K8C:9W=9:C@BAµ;:<²;@8C9¾=9=H9@A;@F:C
Wµ@F:9<8:<=HY“• =BC@F:9<8! 7:9:à““J¾²@F:;8u8:C²8N²F8=W8H8<µ@u„Y
†~€xy|z‚…‚|~=BCwá€~|‚€~ƒ~yJ=u<:;:MA@9T;:<@<²:9:A;@CTK<9Y
B<²899<TCµ<²:UPŠ9A;:9:B<:CF8=W8H8<µ=BC8Bu:K<8F8<µ98L8H=;<@<²:
K@B<;@H<;:=<L:B<¾²:B:MA@9:C<@<²:A;@CTK<UBN:@PH:B@½Y¶@AA:B²àu:;:<=HY“Ø
:F=HT=<:C<²::uu:K<@u\:;8<½ =BC\:;8C8=B½ K@LW8B:C¾8<²„á†~€xy|z‚…‚|~
=BCwxyz{y|{y}~¥º~ƒy|zJ@W<=8B8BN9µB:;N8K:uu:K<9u;@LW@<²B:L=<@C:9¾8<²
:=K²@u<²:A;@CTK<9@B<²:9=L:²@9<9Y[K<=;=½ =H9@L=8B<=8B:C²8N²F8=W8H8<µ8B
wxyz{y|{y}~~|y{~|z }‰¼™ßJwá€~|‚€~ƒ~y‰¼™Y™ß¡w᥺~ƒy|z‰¼–Y•ß=BC
„á†~€xy|z‚…‚|~‰¼™Y»ß8B=¾@;¿K=;;8:C@T<Wµ[BC=HQ:<=HY™”Y‹²:9:=T<²@;9
=H9@u@TBC²8N²8Bu:K<8F8<µ‰@F:;¼”ߐ8B<²:9:B:L=<@C:9¾²:B:MA@9:C<@
[K<=;=½Y‹²:µu@TBC²8N²8Bu:K<8F8<µ‰@F:;å”ߐ8Bu@T;9A:K8:9@uB:L=<@C:9
<:9<:C¾²:B:MA@9:C<@<²:8B9:K<8K8C:GT;=C=B½Ô<²:9=L:¾=9u@TBC¾8<²
P;:F8KT;½ u@;<²:<¾@9A:K8:9@uUPŠ9T9:C8B<²:A;:9:B<9<TCµY
™–
‹²:A;@CTK<9<²=<A@99:99L@;:<²=B@B:=K<8F:8BN;:C8:B<J9TK²=9
[LAH8N@½ =BCUBN:@PH:B@½JC8CB@<K=T9:C=L=N:<@<²:<¾@9A:K8:9@u
B:L=<@C:9JK@Bu8;L8BN<²:9=u:<µ@u<²:9:A;@CTK<98B8B<:N;=<:CK@B<;@HYP;@CTK<9
¾8<²<¾@=K<8F:8BN;:C8:B<9¾:;:=H9@=B=Hµv:CWµŠ:N;89@H8];:<=HY•»J=BC<²:
A;@CTK<œ:;C=C:;@½;:CTK:C8Bu:K<8F8<µ@u„á†~€xy|z‚…‚|~JB@<K=T98BN=B:uu:K<
@Bwá€~|‚€~ƒ~yY
‹²:=K<8F:8BN;:C8:B<9@u<²:K²:L8K=HN;@TA=B<²;=B8H=L8C:C8CB@<
A;:9:B<=BµC8uu:;:BK:8B<²:F8=W8H8<µ=BC8Bu:K<8F8<µ@u<²:B:L=<@C:9JWT<<²:
=K<8F:8BN;:C8:B<9@u<²:K²:L8K=HN;@TAAµ;:<²;@8CC8CA;:9:B<C8uu:;:B<:uu:K<9
@B<²:F8=W8H8<µ@u<²:<¾@B:L=<@C:9A:K8:9Y‹²89C8uu:;:BK:L=µW:CT:<@<²:
u@;LTH=<8@B@u<²:A;@CTK<9J¾²8K²L=µK@B<=8B9T;u=K<=B<9<²=<=;:L@;:@;H:99
<@M8K<@<²:B:L=<@C:9™•J™“Y
‹²:;:¾=9=K@;;:H=<8@B8B<²:<@M8K@H@N8K=HKH=998u8K=<8@B@u<²:A;@CTK<9
7:K89½JP;:L8@½JUBN:@PH:B@½ ‰KH=99™=BCP;:F8KT;½ ‰KH=99»JK=T98BN=H@¾
:uu:K<@B<²:F8=W8H8<µ=BC8Bu:K<8F8<µ@u<²:]9J:MK:A<u@;œ:;<8L:K½ ‰KH=99™J
¾²8K²K=T9:C=H@998B<²:8Bu:K<8F8<µ@u<²:]9¾²:BK@LA=;:C<@<²:K@B<;@H
<;:=<L:B<Y‹²:9=L:@KKT;;:C¾8<²¶H@;A=B½J;:CTK8BN<²:8Bu:K<8F8<µ@u<²:]9Ô
²@¾:F:;JK@;;:H=<8BN¾8<²8<9<@M8K@H@N8K=HKH=998u8K=<8@B‰KH=99“J<²:@<²:;
A;@CTK<9C8CB@<A;:9:B<=<@M8K@H@N8K=HK@;;:H=<8@B¾8<²<²:B:L=<@C:9J8B
=N;::L:B<¾8<²<²:u8BC8BN9@u@F:9<8:<=HY“•Y
œ:;<8L:K½ =BC¶H@;A=B½ ¾:;:K@B98C:;:C9H8N²<Hµ<@M8K‰KH=99“’9H8N²<Hµ
<@M8Ku@;<²:<¾@9A:K8:9@uUPŠ9JWT<<²:<@M8K8<µ@u=A;@CTK<z{ªzx|‚C@:9B@<
=H¾=µ9;:A;:9:B<8<9<@M8K8<µ8B<²:u8:HC¼J98BK:8B<²:H=W@;=<@;µ<²:K@B<=K<89
:M<;:L:=BCNT=;=B<::Cu@;»¼²@T;9YZB:¾=µ@uT98BN<²:8BK@LA=<8WH:
B:L=<@C:9=BC8B9:K<8K8C:9¾@THCW:=AAHµ8BN<²:L=<C8uu:;:B<L@L:B<9=u<:;
<²:A:;8@C@uA:;989<:BK:@u<²:A;@CTK<J@;F8K:F:;9=•ØYG@H8=;=AAH8K=<8@B9²=F:
W::B9:F:;:HµH8L8<:CCT:<@:BF8;@BL:B<=H@W9<=KH:99TK²=9TH<;=F8@H:<;=C8=<8@BJ
²8N²<:LA:;=<T;:9=BCH@¾²TL8C8<µJ;:CTK8BN<²:9T;F8F=H=BC:uu8K=Kµ@u<²:
™å
B:L=<@C:9™™Y‹²T9J<²:=AAH8K=<8@B99²@THCW:K=;;8:C@T<=<B8N²<@;8B<²::=;Hµ
L@;B8BN¾²:BTBu=F@;=WH::BF8;@BL:B<=HK@BC8<8@B9K=BW:=F@8C:C™»Y‹²:@<²:;
A;@CTK<9T9:C8B<²:W8@=99=µ¾:;:K@B98C:;:CK@LA=<8WH:‰KH=99•’B@BR<@M8K
¾8<²<²:<¾@9A:K8:9@uB:L=<@C:9Y
B<²:A;:9:B<¾@;¿J8<¾=9K@Bu8;L:C<²=<<²:B:L=<@C:9„yxy|‚|…~†‡zxzƒ
~}~ˆ‚{y{ƒzƒ89@H=<:]P\»=BCwxyz{y|{y}~€~|‚€~ƒ~y[HH=;:K@B98C:;:C
K@LA=<8WH:¾8<²L@9<@u<²:A;@CTK<9<:9<:Cu@;<²:<@L=<@K;@AY
:u:;:BK:9
•˜=L=;
N@ÛP G@J\=vv:8[Y\:;K=C@LTBC8=HC:<@L=<::@L:;K@9THY
Bu@;L=>Õ:9UK@BÝL8K=9Y•Øؗԓ—‰•”Œ“–R™¼Y
“s=³
8GŠ7JP;:v@<<8IJ˜=;B:8;@]rJ[H:BK=;][Y®|z€…‚¥|~}}~|yxz‚ƒ }A=;=@
K@B<;@H:C:A;=N=9B@<@L=<:8;@8BC9<;8=HYBŒP=;;=]PJŽ@<:H²@Pr\J˜@;;O=R
G:;;:8;=ŽrJŽ:B<@]\rJ:C8<@;9Y˜@B<;@H:W8@HQN8K@B@Ž;=98HŒA=;=98<@8C:9:
A;:C=C@;:9Yr?@P=TH@Œ\=B@H:ԓ””“YAY»——RØ»Y
™78
:vR@C;XNT:vSJZL@<@˜Ys:;=B>=C=:989<OBK8=C:w‚‡‚xy|~§| ¥zy|‡~
‰]U rL8<² ‰I:A8C@A<:;=Œ Š@K<T8C=: = I=LWC=R˜8=H@<;8B=Y Š:@<;@A8K=H
UB<@L@H@NµY“””•Ô™”‰“Œ™••RåY
»Ž@:L=;
: ŠY Ž8@H@NµJ <=M@B@Lµ =BC 989<:L=<8K @u 酂x‚|…~†‡ ƒ =BC
èy{‚|…~†‡ ƒYBŒS=TNH:;J:C8<@;YUB<@L@A=<²@N:B8KB:L=<@H@NµYŠ:¾â@;¿Œ
˜[ŽÔ“””“YAY™–R–åY
–Û8
HH8=L9U˜JÛ=H<:;9¶G[YG@H8=;=AAH8K=<8@B @u<²: :B<@L@A=<²@N:B8K
B:L=<@C:Jwxyz{y|{y}~§yºxz~y=N=8B9<H:=uL8B:;9@B F:N:<=WH:9YŽ8@K@B<;@H
rK8:BK:=BC‹:K²B@H@NµY“”””Ô•”‰•Œå•R—”Y
å˜T<
²W:;<9@B [SrJÛ=H<:;9 ¶G[JŠ@;<²8BN PJIT@ ÛYUuu8K=Kµ @u<²:
:B<@L@A=<²@N:B8KB:L=<@C:Jwxyz{y|{y}~§yºxz~yJ=N=8B9<9¾::<A@<=<@¾²8<:uHµ
­y}zƒz~x~†~€z‰s@L@A<:;=Œ[H:µ;@C8C=:TBC:;H=W@;=<@;µ =BC NH=99²@T9:
K@BC8<8@B9YŽTHH:<8B@uUB<@L@H@N8K=H:9:=;K²Y“””—Ôؗ‰•ŒØR•»Y
™—
—S;
:¾=HPrJ7:Š=;C@U[ŽJ[NT8HH:;=\\YUB<@L@A=<²@N:B8KB:L=<@C:9Œ
A@<:B<8=Hu@;:MAH@;=<8@B=BCT9:8Br@T<²[L:;8K=YŠ:@<;@A8K=HUB<@L@H@NµY
“””•Ô™”‰“Œ•Ø•R“”–Y
¼[H
F:9 rŽJ \@8B@ [ ];J [HL:8C= ]U\Y P;@CT<@9 u8<@99=B8<V;8@9 :
:B<@L@A=<QN:B@9YBŒ[HF:9rŽJ:C8<@;Y˜@B<;@H:L8K;@W8=B@C:8B9:<@9Y“BC:CY
P8;=K8K=W=ŒGU[IæԕØؼYAY“•—R™¼Y
Øs@µ\[Y\TH
<8<=K<8K;:989<=BK:L=B=N:L:B<Œ=B=AA;@=K²<²=<89H@BN@F:;CT:Y
‹²:GH@;8C=UB<@L@H@N89<Y•Øؖԗ¼‰™Œ»»™R–•Y
•”[BC=H
Q œJŠNTµ:B ¶ŽJ\@8B@ [Y„yxy|‚|…~†‡zxzƒ~}~ˆ‚{y{ƒzƒ BY9AY
‰²=WC8<8C=Œ s:<:;@;²=WC8<8C=: u;@L [L=v@B=9J Ž;=v8HY Š:L=<@H@NµY
“””åÔ¼‰åŒ¼–™Rå—Y
••7T<
¿µrJ‹²@LA9@BIœJ˜=B<¾:SUY[<:K²B8tT:u@;<²:L=99A;@A=N=<8@B@u
<²:77R•™åB:L=<@C:Y]@T;B=H@uB9:K<P=<²@H@NµY•Øå»Ô医•—R““Y
•“P=;
;=]PY˜;8=>?@C:8B9:<@9A=;=:9<TC@9K@LA=<QN:B@9YBŒ[HF:9rŽJ:C8<@;Y
˜@B<;@H:L8K;@W8=B@C:8B9:<@9Y“BC:CYP8;=K8K=W=ŒGU[IæԕØؼYAY•”•–R™¼Y
•™¶=µ=s¶Jr<
@K¿rPY‹:K²B8tT:98B8B9:K<B:L=<@H@NµYBŒI:=KµI[J:C8<@;Y
\=BT=H@u<:KB8tT:98B8B9:K<A=<²@H@NµY˜=H8u@;B8=ŒUH9:F8:;ԕØؗYAY“¼•R™“»Y
•»Š:N;
89@H8];[rJŽ=;W@9=˜˜J\@8B@[];Y[F=H8=>?@C=K@LA=<8W8H8C=C:C:
A;@CT<@9 u8<@99=B8<V;8@9 K@L B:L=<@8C:9 :B<@L@A=<@NOB8K@9 ‰²=WC8<8C=Œ
r<:8B:;B:L=<8C=:Js:<:;@;²=WC8<8C=:T<8H8v=BC@ @ A;@<@K@H@ L@C8u8K=C@ C=
ZŽ˜‘ÛPrYŠ:L=<@H@N8=Ž;=98H:8;=Y“””¼Ô™“‰“Œ•••RåY
•–G:;
;:8;= 7GYr89F=;Œ[ K@LAT<:;9<=<89<8K=H=B=Hµ989 9µ9<:LY˜8OBK8= :
[N;@<:KB@H@N8=Y“”••Ô™–‰åŒ•”™ØR»“Y
•åP:<
:;9 [J P@THH@< 7Y r8C: :uu:K<9 @u 9T;u=K<=B<9 =BC A:9<8K8C:9 @B
:B<@L@A=<²@N:B8K B:L=<@C:9 =99:99:C T98BN =CF=BK:C ZŽ˜ NT8C:H8B:9Y
ZŽ˜‘ÛPrŽTHH:<8BY“””»Ô“—‰åŒå—R—“Y
•—r8
HF=Is˜PJ˜=LA@9]J7T<;=\J˜K=LA@9œPY[TL:B<@C=;:989<OBK8=C:
KTH<8F=;:9C:<@L=<:=yº‚z‡‚¥¯{yz{€‚¥{zx~K@L=AH8K=>?@C:[K8W:Bv@H=;RrR
\:<8HYŠ:L=<@H@N8=Ž;=98H:8;=Y“””»Ô“¼Œ•ØØR“”åY
™¼
•¼s:=C]JÛ=H
<:;9¶G[JI=BN<@BrY‹²:K@LA=<8W8H8<µ@u<²::B<@L@A=<²@N:B8K
B:L=<@C:Jwxyz{y|{y}~§yºxz~yJ=BCK²:L8K=H8B9:K<8K8C:9u@;<²:K@B<;@H@u<²:
r@T<²[L:;8K=BH:=uL8B:;Jz|z‚}¯ˆ~… z‡‚†|y{ƒzƒYŽ8@˜@B<;@HY
“”””Ô»–‰™Œ™»–R–™Y
•ØŠ:N;
89@H8];[rJS=;K8= \rJŽ=;W@9=RŠ:N;89@H8˜˜Y˜@LA=<8W8H8<µ @u
:B<@L@A=<²@N:B8K B:L=<@C:9 ‰Š:L=<@C=Œ ²=WC8<8C= ¾8<² ;:N89<:;:C
8B9:K<8K8C:9u@;w‚‡‚xy|~§| ¥zy|‡~‰rL8<²J•—Ø—‰I:A8C@A<:;=ŒŠ@K<T8C=:
TBC:; H=W@;=<@;µ K@BC8<8@B9Y ˜;@A P;@<:K<8@B ‰ST8HCu@;CJ rT;;:µY
“”•”ԓ؉同–»–RØY
“”s=;
=[sJ¶=µ=s¶YUuu:K<9@u9:H:K<:C8B9:K<8K8C:9=BCB:L=<8K8C:9@B<²:8B
F8<;@C:F:H@AL:B<@u<²::B<@L@N:B@T9B:L=<@C:ÿy‚~ºy€x~{~€~|‚€~ƒ~yY
]@T;B=H@uŠ:L=<@H@NµY•Ø¼“Ô•»‰»Œ»¼åRؕY
“•@F:9<
8IJs:8BvA:<:;UÛJ‹=NH8:B<:GJ7:9:ගY˜@LA=<8W8H8<µ@uA:9<8K8C:9
¾8<² <²::B<@L@A=<²@N:B8KB:L=<@C:„yxy|‚|…~†‡zxzƒ†~€xy|z‚…‚|~ P@8B=;
‰Š:L=<@C=Œs:<:;@;²=WC8<8C=:YŠ:L=<@H@N8K=Y•Ø¼¼Ô™»‰»Œ»å“R—åY
““@F:9<
8IJ7:9:à ¶œY˜@LA=<8W8H8<µ @u K²:L8K=HA:9<8K8C:9 ¾8<² <²:
:B<@L@A=<²@N:B8KB:L:<@C:9Jwxyz{y|{y}~€~|‚€~ƒ~yÛ:89:;=BCwxyz{y|{y}~
§yºxz~yG8H8A³:F‰Š:L=<@C=Œr<:8B:;B:L=<8C=:YŠ:L=<@H@N8K=Y•Øؔԙ剕Œ“™—R
»–Y
“™7:Š=;
C@U[ŽJS;:¾=HPrY˜@LA=<8W8H8<µ@uwxyz{y|{y}~§yºxz~y‰Š:L=<@C=Œ
r<:8B:;B:L=<8C=:¾8<²A:9<8K8C:9=BCAH=B<N;@¾<²;:NTH=<@;9T9:C8BNH=99²@T9:
AH=B<A;@CTK<8@BYŽ8@K@B<;@HrK8:BK:=BC‹:K²B@H@NµY“””™Ô•™‰»Œ»»•R¼Y
“»±8
LL:;L=B ]J˜;=B9²=¾ ÛrY˜@LA=<8W8H8<µ @u <²;:: :B<@L@N:B@T9
B:L=<@C:9‰²=WC8<8C=8B=tT:@T99@HT<8@B9@uA:9<8K8C:9T9:C8B<T;uN;=99
L=8B<:B=BK:Y]@T;B=H@uUK@B@L8KUB<@L@H@NµY•ØؔԼ™‰•ŒØ—R•””Y
“–[H
TL=8[JS;:¾=HPrY‹=B¿RL8M K@LA=<8W8H8<µ @u<²::B<@L@A=<²@N:B8K
B:L=<@C:9J„yxy|‚|…~†‡zxzƒ†~€xy|z‚…‚|~=BCwxyz{y|{y}~€~|‚€~ƒ~yJ¾8<²
9:H:K<:C K²:L8K=H A:9<8K8C:9 T9:C 8B <T;uN;=99YŽ8@H@N8K=H rK8:BK: =BC
‹:K²B@H@NµY“””»Ô•»‰—Œ—“–R™”Y
“åST<
8›;;:v˜J˜=LA@9Rs:;;:;=J]8L:B:v]Y˜@LA=;=<8F:9<TCµ@u<²::uu:K<@u
9:H:K<:C =N;@K²:L8K=H A;@CTK<9 @B wxyz{y|{y}~§yºxz~y ‰²=WC8<8C=Œ
r<:8B:;B:L=<8C=:YŽ8@K@B<;@HrK8:BK:=BC‹:K²B@H@NµY“””¼Ô•¼‰•Œ•”•R¼Y
™Ø
“—r:H
¿8;¿ \UJs:B9@B r\JT99:HÛrJsT99:8B [rY[K:<µHK²@H8B:9<:;=9:
9:K;:<8@B Wµ B:L=<@C:9YBŒ¶:BB:Cµ \ÛJs=;B:<<ÛJ:C8<@;9YP=;=98<8K
B:L=<@C:9ŒL@H:KTH=;W8@H@NµJW8@K²:L89<;µ=BC8LLTB@H@NµYŠ:¾â@;¿Œ˜[ŽÔ
“””•YAY“••R“ØY
“¼Û;
8N²<7]JP:;;µŠYP²µ98@H@Nµ=BCW8@K²:L89<;µYBŒS=TNH:;J:C8<@;Y
UB<@L@A=<²@N:B8KB:L=<@H@NµYŠ:¾â@;¿Œ˜[ŽÔ“””“YAY•»–Rå¼Y
“ض@AA:B²@u
:;[\J˜@¾H:9rJ˜@¾H:9U[JGTvµ U\JŽ=TLN=;<B:;IY
˜@LA=;89@B@uB:@B8K@<8B@8C8B9:K<8K8C:9=99µB:;N89<9u@;:B<@L@A=<²@N:B8K
B:L=<@C:9YŽ8@H@N8K=H˜@B<;@HY“””“Ô“»‰•ŒØ”R—Y
™”[BC=H
QœJ\@8B@[];Jr=B<=R˜:KXH8=Iœ˜Y˜@LA=<8W8H8C=C:C:B:L=<@8C:9
:B<@L@A=<@NOB8K@9K@LA;@CT<@9u8<@99=B8<V;8@9T<8H8v=C@9B=KTH<T;=C@K=u::8;@Y
Š:L=<@H@N8=Ž;=98H:8;=Y“””»Ô“¼‰“Œ•»ØR–¼Y
™•¶=µ= s¶J ŽT;
H=BC@ ‹\J ˜²@@ sâJ ‹²T;9<@B SrY B<:N;=<8@B @u
:B<@L@A=<²@N:BB8KB:L=<@C:9¾8<²­~€zºº ƒx… |z{¥zy{ƒzƒ@;A:9<8K8C=H9@=Au@;
K@B<;@H@u8B9:K<A:9<9YŽ8@H@N8K=H˜@B<;@HY•ØؖԖ‰™Œ»™“R»•
™“¶;
89²B=µµ==BCPœJS;:¾=HPrYUuu:K<@uB::L =BC9:H:K<:CuTBN8K8C:9@B
F8=W8H8<µ=BCF8;TH:BK:@u<²::B<@L@A=<²@N:B8KB:L=<@C:wxyz{y|{y}~§yºxz~yY
Ž8@K@B<;@HrK8:BK:=BC‹:K²B@H@NµY“””“Ô•“‰“Œ“–ØRååY
™™r²=A8
;@RH=B7JS@TN:7sJP8NN@<<r]JG8u:]PY[AAH8K=<8@B<:K²B@H@Nµ=BC
:BF8;@BL:B<=HK@B98C:;=<8@B9 u@; T9: @u:B<@L@A=<²@N:B8K B:L=<@C:9 8B
W8@H@N8K=HK@B<;@HYŽ8@H@N8K=H˜@B<;@HY“””åԙ¼‰•Œ•“»R™™
™»˜=W=B8
HH=9sUJ=TH9<@B]YLA=K<@uwxyz{y|{y}~|z‚†|~ªzƒ‰²=WC8<8C=Œ
r<:8B:;B:L=<8C=:@B<²:K@B<;@H@us:H8K@F:;A=v:=‰I:A8C@A<:;=ŒŠ@K<T8C=:8B
K@;BY]@T;B=H@uUK@B@L8KUB<@L@H@NµY•ØؖԼ¼‰•Œ–¼Rå»Y
»”
3
5838ff%_a1cf1cj%^m1%_a^_^h%1cma`%m%pa0.bb^i^hi%0_%ma.d%n
1p0/^/.b.mh^mf%_a^/^aÏcf!"#!"$355
.mh&#'()$*#$$Ò2Æ
P=TH@s:B;8tT:C:r8tT:8;=r=W8B@=J[HK8C:9\@8B@]TB8@;==BCœ=B:99=
[BC=HQW
=7:A=;
<=L:B<@C:UB<@L@H@N8=JEB8F:;98C=C:G:C:;=HC:I=F;=9‰EGI[J
I=F;=9‰\SŽ;=v8H
W
B9<8<T<@C:˜8OBK8=9[N;V;8=9JEB8F:;98C=C:G:C:;=HC:EW:;H́BC8=‰EGEJ
\@B<:˜=;L:H@‰\SŽ;=v8H
A²9=W8B@”ØNL=8HYK@L
30a^dcipgb^_.hcmci%0^oh^_c9%j.ach.
»•
3
3,I8A8C9=;:=B8LA@;<=B<:B:;Nµ9@T;K:u@;:B<@L@A=<²@N:B8K
B:L=<@C:9‰UPŠ9=BCC8;:K<Hµ8BuHT:BK:<²:8;8Bu:K<8F8<µ8B<²:²@9<Yr@L:
8B9:K<8K8C:9;:CTK:<²:8Bu:K<8F8<µ@u8Bu:K<8F:³TF:B8H:9‰]9¾²8H:¿::A8BN
<²:LF8=WH:=u<:;:MA@9T;:Y‹²T9J<²:@W³:K<8F:@u<²899<TCµ¾=9<@K@;;:H=<:
<²:=L@TB<9@uH8A8C;:9:;F:98B<²:UPŠ„yxy|‚|…~†‡zxzƒ~}~ˆ‚{y{ƒzƒ]P\»
=BCwxyz{y|{y}~€~|‚€~ƒ~y[II¾8<²<²:8;9T;F8F=H=BC8Bu:K<8F8<µ¾²:B
:MA@9:C<@8B9:K<8K8C:9<²=<¿::A<²:B:L=<@C:9F8=WH:WT<;:CTK:C<²:8;
8Bu:K<8F:K=A=K8<µ=N=8B9<¹~ººy|z~}yºº‚{yºº~Y[L@BN<²:<:9<:C8B9:K<8K8C:9J
œ:;<8L:K½ =BC¶H@;A=B½ ¾:;:8BK@LA=<8WH:‰KH=99“¾8<²<²:<¾@UPŠ
9A:K8:9W:K=T9:<²:µ;:CTK:C8Bu:K<8F8<µY‹²:8B9:K<8K8C:9œ:;<8L:K½ =BC
¶H@;A=B½ L=8B<=8B:C<²:F8=W8H8<µ@u<²:]9WT<;:CTK:C<²:8;8Bu:K<8F8<µ=BC
<²:8;H8A8C=L@TB<9=u<:;8B9:K<8K8C::MA@9T;:Y
%ÏÐc0h1,=W=L:K<8BJK²H@;Aµ;8u@9J<;8uHTLT;@BJK@LA=<8W8H8<µ
9
6469
UB<@L@A=<²@N:B8K B:L=<@C:9‰UPŠ9=;: T<8H8v:C =9W8@H@N8K=H
K@B<;@H=N:B<9@uF=;8@T98B9:K<A:9<9W:K=T9:@u<²:8;C8uu:;:B<u@;L9@u=K<8@BJ
9A:K8u8K8<µJ=BC9<;@BNK=A=K8<µ<@=C=A<<@B:¾:BF8;@BL:B<9Ô=CC8<8@B=HHµJ
UPŠ9K=B@KKT;8B9µB:;Nµ¾8<²@<²:;:B<@L@A=<²@N:B8K=N:B<9•Y[L@BN
UPŠ9J<²:9A:K8:98B<²:N:B:;=wxyz{y|{y}~‹;=F=99@9=BC„yxy|‚|…~†‡zxzƒ
P@8B=;=;:@uN;:=<;:H:F=BK:CT:<@<²:8;9µLW8@<8K=99@K8=<8@B¾8<²W=K<:;8=
@u<²:N:B:;=èy{‚|…~†‡ ƒ‹²@L=9!P@8B=;J=BC酂x‚|…~†‡ ƒŽ@:L=;:J
I@T89!¶T²HJ;:9A:K<8F:HµJK=T98BN;=A8C8B9:K<C:=<²“Y
‹²:9:B:L=<@C:9=;:T9:C8B=;:=9¾²:;:C8uu:;:B<=N;8KTH<T;=H8BAT<9
=;:=AAH8:CJ9TK²=9K²:L8K=H9Ju:;<8H8v:;9=BC9@8H=L:BCL:B<9™Ys@¾:F:;J
<²89<;:=<L:B<K=BK=T9:H=;N:A;@WH:L98uT9:C8BC89K;8L8B=<:HµYG@;8B9<=BK:J
<²:<;:=<L:B<K=BK=T9:C:<;8L:B<=H:uu:K<9<@<²::BF8;@BL:B<=BC=B8L=H9J
8BKHTC8BN²TL=B9=BCB=<T;=H:B:L8:9@u<²:8B9:K<A:9<9»Yœ=;8@T99<TC8:9@B
<²:K@LA=<8W8H8<µ@u8B9:K<8K8C:9¾8<²UPŠ9²=F:W::BA:;u@;L:CJ=BC8B9@L:
K=9:9J<²: =T<²@;9 K@BKHTC: <²=<<²: =N;@K²:L8K=HA;@CTK<9 ¿::A <²:
»“
B:L=<@C:9F8=WH:WT<;:CTK:<²:8;8Bu:K<8F8<µK=A=K8<µ–JåYZB:u=<@;;:H=<:C<@
<²:F8=W8H8<µ=BC8Bu:K<8F8<µ@uB:L=<@C:989<²:H8A8C=L@TB<9A;:9:B<8B
8Bu:K<8F:³TF:B8H:9‰]9—Y‹²:]9=;:C:A:BC:B<@BH8A8C9=9<²:8;:B:;Nµ
9@T;K:CT;8BN<²:8;9:=;K²u@;=²@9<¼JØJW:8BN=WH:<@9T;F8F:=BC;:L=8B
8Bu:K<8F:u@;¾::¿9@;:F:BL@B<²9TB<8H<²:µu8BC=9T9K:A<8WH:²@9<•”Y‹²T9J
<²:K@B<;@HH:CL=B8ATH=<8@B@uH8A8C=L@TB<98B]9²=9=K@B98C:;=WH:A@<:B<8=H
<@8BK;:=9:UPŠF8=W8H8<µ=BC8Bu:K<8F8<µ—Y
‹²T9J<²:@W³:K<8F:@u<²899<TCµ¾=9<@K@;;:H=<:<²:=L@TB<9@uH8A8C
;:9:;F:98B<²:UPŠ9„yxy|‚|…~†‡zxzƒ~}~ˆ‚{y{ƒzƒ]P\ »=BCwxyz{y|{y}~
€~|‚€~ƒ~y[II¾8<² <²:8;9T;F8F=H=BC 8Bu:K<8F8<µ ¾²:B :MA@9:C <@
8B9:K<8K8C:9<²=<¿::A<²:B:L=<@C:9F8=WH:WT<;:CTK:<²:8;8Bu:K<8F:K=A=K8<µ
=N=8B9<¹~ººy|z~}yºº‚{yºº~IY‰I:A8C@A<:;=ŒPµ;=H8C=:H=;F=:Y
38
3539876
‹²:B:L=<@C:9T9:Cu@;<²89W8@=99=µ¾:;:wxyz{y|{y}~€~|‚€~ƒ~y
[II‰Û:89:;Û@T<9J\;VK:¿JS:;C8B ! Ž:CC8BN=BC „yxy|‚|…~†‡zxzƒ
~}~ˆ‚{y{ƒzƒ]P\ »J[BC=HQJŠNTµ:B! \@8B@];YJ‰@W<=8B:Cu;@L 9@8H
9=LAH:9u;@LI=F;=9J\8B=9S:;=89JŽ;=v8HY
‹²:B:L=<@C:9¾:;:;:=;:C8BH=<:8B9<=;H=;F=:@u<²:N;:=<:;¾=M
L@<²J¹~ººy|z~}yºº‚{yºº~IY‰I:A8C@A<:;=ŒPµ;=H8C=:••Y:=;8BN @u¹á
}yºº‚{yºº~¾=9A:;u@;L:C=KK@;C8BN<@<²:L:<²@C@u7T<¿µ•“ T98BN=
L@C8u8:C=;<8u8K8=HC8:<•™Y
‹²:B:L=<@C:9@W<=8B:Cu;@L ¹á}yºº‚{yºº~H=;F=:¾:;:¿:A<8B
=tT:@T99T9A:B98@B=<•å• ˜=BC¾:;:9<@;:Cu@;TA<@@B:¾::¿W:u@;:
<²::MA:;8L:B<Y

­z‚~ƒƒ~¯‚§€‚}~xz†zºzx̄†yx"yy{y{x‚}‚~x…‚¥y{z€{y}~x‚‡yƒ~{‡
z{ƒy€xz€z‡yƒ
‹@C:<:;L8B:<²:K@LA=<8W8H8<µ@u<²:UPŠ9¾8<²<²:8B9:K<8K8C:9J<²:
L:<²@C@H@NµL@C8u8:CWµŠ:N;89@H8];:<=HY»¾=9T9:CYG@;<²89W8@=99=µJ<²;::
8B9:K<8K8C:9;:N89<:;:C u@;<@L=<@ K;@A9 ¾:;: T9:CŒœ:;<8L:K •¼½ =9
»™
=W=L:K<8BJ<@M8K@H@N8K=HKH=998u8K=<8@B ‰‹Y˜YJ•Y“ I‘²=Ԙ:;<:;@½ =9
<;8uHTLT;@BJ‹Y˜YJ™””LI‘²=Ô=BC¶H@;A=B»¼”½=9K²H@;Aµ;8u@9J‹Y˜YJ¼””
LI‘²=YZB:H8<:;@u:=K²8B9:K<8K8C:¾=9A;:A=;:C¾8<²<¾8K:<²:C@9=N:
;:K@LL:BC:Cu@;=AAH8K=<8@B<@@B:²:K<=;:Œ»””IYG;@L<²899@HT<8@BJ=•R
LI=H8tT@<¾=9<;=B9u:;;:C<@:=K²NH=99F8=H‰@B:;:AH8K=<:J¾8<²=<@<=H@u
u8F:F8=H9A:;<;:=<L:B<Y‹²:BJ•LI@u<²:9T9A:B98@BK@B<=8B8BN“J–””]9
¾=9=CC:C<@:=K²F8=HJ=BC<²:µ¾:;:L=BT=HHµ=N8<=<:CY‹²:F8=H9¾:;:¿:A<
8B=KH8L=<:RK@B<;@HH:CK²=LW:;=<“—• ˜Y
Š:L=<@C:9T;F8F=H¾=9:F=HT=<:C=u<:;»¼²@T;9@u:MA@9T;:<@<²:
8B9:K<8K8C:9Y[”Y•RLI=HXtT@<=‰=AA;@M8L=<:Hµ•“–]9¾=9@W9:;F:CTBC:;
=9<:;:@9K@A8KL8K;@9K@A:u@;=99:998BN<²::uu:K<9@u<²:8B9:K<8K8C:9Y‹²:
B:L=<@C:9<²=<C8CB@<;:=K<<@9<8LTH=<8@BWµ=W=LW@@A8K¿¾:;:K@B98C:;:C
C:=CYG@;<²:8Bu:K<8F8<µ=99=µJ]9<²=<9T;F8F:C8B<²:A;:9:BK:@u8B9:K<8K8C:
:MA@9T;:¾:;:¾=9²:C8B™LI@uC89<8HH:C¾=<:;Y‹²:9@HT<8@B¾=9<²:B
=HH@¾:C<@C:K=B<u@;™”L8BT<:98B<²:KH8L=<:K@B<;@HH:CK²=LW:;=<“—•
˜Y‹²:9TA:;B=<=B<‰™LI¾=9<²:BC89K=;C:CJ=BC<²:¾=9²8BNA;@K:99¾=9
;:A:=<:C<²;::<8L:9Y[u<:;<²:H=9<¾=9²J=”Y“RLI=H8tT@<‰=AA;@M8L=<:Hµ“–”
]9¾=9;:L@F:Cu;@L<²:W@<<@L@u:=K²F8=H=BCA8A:<<:C8B<@u8F:P:<;8
C89²:9‰ØKL@uC8=L:<:;A:;<;:=<L:B<YU=K²P:<;8C89²K@B<=8B:C=u8H<:;
A=A:;<²=<²=CW::BA;:F8@T9Hµ9@=¿:C8B•Y¼LI@uC89<8HH:C¾=<:;Y‹:L¹á
}yºº‚{yºº~H=;F=:¾:;:AH=K:C@B:=K²P:<;8C89²J=BC<²:C89²:9¾:;:<²:B
¿:A<8B=KH8L=<:RK@B<;@HH:CK²=LW:;u@;<²;::C=µ9TBC:;<²:9=L:K@BC8<8@B9
C:9K;8W:C=W@F:Y[u<:;<²:<²;::C=µA:;8@CJ<²:¿8HH:CH=;F=:¾:;:<;=B9u:;;:C
<@=C;µK²=LW:;JL@TB<:C8BP:<;8C89²:9‰ØKLC8=L:<:;¾8<²u8H<:;A=A:;J
=BC¿:A<8B=KH8L=<:RK@B<;@HH:CK²=LW:;=<“—• ˜=<=;:H=<8F:²TL8C8<µ
‰s—”•”ß u@;<²;::L@;:C=µ9Y[u<:;<²=<A:;8@CJ<²:H=;F=:¾:;:
@W9:;F:CTBC:;=9<:;:@9K@A8KL8K;@9K@A:=BCC899:K<:C<@C:<:;L8B:<²:
A;:9:BK:@uB:L=<@C:9Y
‹²::MA:;8L:B<=HC:98NBT9:C¾=9=K@LAH:<:Hµ;=BC@L8v:C@B:¾8<²
u@T;<;:=<L:B<9JB=L:HµJ=K@B<;@H‰C89<8HH:C¾=<:;Jœ:;<8L:K½J˜:;<:;@½ =BC
¶H@;A=B½J¾8<²u8F:;:AH8K=<:9A:;<;:=<L:B<Ô<²::MA:;8L:B<¾=9K@BCTK<:C
»»
<¾@<8L:9Y[B=B=Hµ989@uF=;8=BK:¾=9A:;u@;L:C@B<²:L@;<=H8<8:9@u
B:L=<@C:9=BCH=;F=:Y‹²:C8uu:;:BK:98BF8=W8H8<µ=BC8Bu:K<8F8<µu@;<²:UPŠ
9A:K8:9¾:;:=B=Hµv:CT98îñ'ö(øúñòøúòñ.ôñ/ñ0+0)1ñëîñòøñ626384ñúðêò&íõøñ
A;@N;=L•»+ñ'øñøêêøìòúñðêñòøñòõøíòóøîòúñðîñòøñ567úñëîêøìòë÷ëòñëîñ¹á
}yºº‚{yºº~¾:;:KH=998u8:C=KK@;C8BN<@P:<:;9! P@THH@<•– W=9:C@B<²:
NT8C:H8B:9@u<²:B<:;B=<8@B=HZ;N=B8v=<8@Bu@;Ž8@H@N8K=H˜@B<;@H‰ZŽ˜
=BC<²:u@HH@¾8BNu@;LTH=Œ
Ußٕ””’‰•””’ßK@;;:K<:CL@;<=H8<µ$‰•””’:C
B¾²8K²:CÙA:;K:B<=N:;:CTK<8@B8B8Bu:K<8F8<µ8B<²:<;:=<L:B<Y
‹²:K@;;:K<:CL@;<=H8<µ¾=9:tT=H<@v:;@u@;=HH<;:=<L:B<9J=BC¾=9
<²T9B@<K@B98C:;:C8B<²:K=HKTH=<8@B@uUßY
‹²:A:;K:B<=N:;:CTK<8@B8BUPŠ8Bu:K<8F8<µ¾=9K=HKTH=<:CWµ<²:
u@;LTH=Œ
:Cى•’<‘K$•””
<ÙL@;<=H8<µ@u¹á}yºº‚{yºº~8B:=K²<;:=<L:B<
KÙL@;<=H8<µ@u¹á}yºº‚{yºº~8BK@B<;@H<;:=<L:B<
Ž=9:C@B<²:F=HT:@uUß<²:A;@CTK<9¾:;:KH=998u8:C=9Œ•’B@BR
<@M8K‰#™”ߐJ“’9H8N²<Hµ<@M8K‰™”’—ØߐJ™’L@C:;=<:Hµ<@M8K‰¼”’ØØߐ
=BC»’<@M8K‰%ØØߐY
G@;<²:<;:=<L:B<9<²=<A;:9:B<:C=A:;K:B<=N:@uC:=CH=;F=:<²=<¾=9
N;:=<:;<²=B8B<²:K@B<;@H<;:=<L:B<JUß¾=9K@B98C:;:C:tT=H<@v:;@=BC<²:
A;@CTK<¾=9K@B98C:;:CB@BR<@M8KY
ž{~º̄ƒzƒ‚§ºzz‡y|€y{x~¥y~§xy|z{ƒy€xz€z‡yyځ‚ƒ |y
‹@=B=Hµv:<²:B:T<;=HH8A8CA:;K:B<=N:J<²:]9¾:;::MA@9:C<@<²:
8B9:K<8K8C:9<²=<L=8B<=8B:CB:L=<@C:F8=W8H8<µWT<;:CTK:C<²:8;8Bu:K<8F8<µ
=KK@;C8BN<@<²:;:9TH<9@u<²:A;:F8@T9W8@=99=µY‹²:K@B<;@HN;@TA¾=9
:MA@9:C<@C89<8HH:C¾=<:;YG@HH@¾8BN<²:A:;8@C@u:MA@9T;:J“LI@u]
9T9A:B98@B‰“J–””]9‘LH¾=9K@BK:B<;=<:C<@=F@HTL:@u”Y–LIWµ
»–
C:K=B<=<8@BYE98BN<²:úöúôøîúëðîýñòøñ3ëôëïñíóðöîòúñëîñòøñ28úñûðïëøúñ&øõøñ
íîí39øïñöúëîñòøñëúòð3ðëìí3ñìð3ðõëóøòõëìñóøòðïñ&ëòñù:ë3ñ4øïñ:üñïø•åY
8ñúòíëîëîñúð3öòëðîñ&íúñôõøôíõøïñ&ëòñ0+)ññðêñù:ë3ñ4øïñ:üñïøñëîñ;00ñ
LI@u•””ß=W9@HT<:=HK@²@HY‹²:9@HT<8@B¾=9=N8<=<:Cu@;•–L8BT<:9=BC
<²:Bu8H<:;:C¾8<²Û²=<L=BB@Y•u8H<:;A=A:;=BC¿:A<8B<²:C=;¿=<– ˜8B=
NH=99K@B<=8B:;Y[HHNH=99¾=;:T9:C<@A;:A=;:<²:9<=8B8BN9@HT<8@B¾=9
ôõø÷ëðöú3ñì3øíîøïñíîïñúòøõë3ë9øï+ñ'õøøñóë33ë3ëòøõúñðêñòøñù:ë3ñ4øïñ:üñúòíëîëîñ
9@HT<8@B¾=9=CC:C<@:=K²]9T9A:B98@BK@BK:B<;=<:C<@=F@HTL:@u”Y–LIJ
=BC<²:L8M<T;:¾=9<²:B²:=<:C8B=¾=<:;W=<²=<å” ˜u@;“”L8BT<:9Y[u<:;
K@@H8BNC@¾B<@;@@L<:LA:;=<T;:J<²:]9J¾8<²<²:B:T<;=HH8A8C98B<²:8;
W@C8:99<=8B:C;:CJ¾:;:K@BK:B<;=<:C8B”Y–LI@u9<=8B8BN9@HT<8@BWµ
K:B<;8uTN=<8@B=<“J”””;ALu@;•L8BT<:Y‹²:BJ™LI@uC89<8HH:C¾=<:;=BC
AT;:NHµK:;8B ‰•Œ•¾=9=CC:CJ=BC <²:9@HT<8@B9¾:;:9<@;:C =<;@@L
<:LA:;=<T;:Y‹²::MA:;8L:B<=HC:98NBT9:C¾=9K@LAH:<:Hµ;=BC@L8v:C¾8<²
<²;::<;:=<L:B<9JB=L:HµJ=K@B<;@HJœ:;<8L:K½ =BC¶H@;A=B½J¾8<²u8F:
;:AH8K=<:9A:;<;:=<L:B<Ô<²::MA:;8L:B<¾=9K@BCTK<:C<¾@<8L:9YG;@L:=K²
;:AH8K=<:J“]9¾:;:;=BC@LHµK²@9:Bu@;T9:J<@<=H8BN•”]9A:;<;:=<L:B<Y
G@HH@¾8BN<²:A;:F8@T9A;@K:CT;:JNH=999H8C:9¾8<²]9¾:;:@W<=8B:C
u@;:=K²<;:=<L:B<=BCA²@<@N;=A²:CT98BN=BZHµLAT9˜M™•<;8B@KTH=;
L8K;@9K@A:YE98BN<²:A²@<@N;=A²9J<²:<@<=HV;:=@u<²:]9W@C8:9¾=9
:9<8L=<:CJ=BC<²:;:C9<=8B:C=;:=K@;;:9A@BC:C<@<²:H8A8C=;:=YG@;<²:V;:=
:9<8L=<8@BJL=N:‹@@Hr@u<¾=;:F:;98@B™Y”u@;Û8BC@¾9¾=9T9:CY‹²T9J
W=9:C@B<²:;:C9<=8B:C=;:=J<²:A:;K:B<=N:@uB:T<;=HH8A8C98B;:H=<8@B<@<²:
<@<=H]W@Cµ=;:=¾=9K=HKTH=<:CY
84539469
‹²:L@;<=H8<µ@u]9u;@L<²:<¾@9A:K8:9@uB:L=<@C:9=u<:;:MA@9T;:
<@8B9:K<8K8C:9¾=9H@¾‰‹=WH:•á‹²:L@;<=H8<µ;=<:9@uwá€~|‚€~ƒ~y[II
]9=u<:;:MA@9T;:<@<²:8B9:K<8K8C:9œ:;<8L:K½ ‰•™YåߐJ˜:;<:;@½ ‰•¼Y“ߐJ
=BC¶H@;A=B½ ‰•“Y¼ß¾:;:98NB8u8K=B<HµC8uu:;:B<<²=B<²:L@;<=H8<µ;=<:8B
<²:K@B<;@H‰“Y”ߐ‰GÙåYØ»JCuٙJA#”Y”–J˜œÙåY–ؐ‰‹=WH:•YG@;„á
Ȍ
~}~ˆ‚{y{ƒzƒ]P\ »J<²:L@;<=H8<µ;=<:9K=T9:CWµ<²:<;:=<L:B<9œ:;<8L:K½
‰•™Y“ߐJ˜:;<:;@½ ‰ØY“ߐJ=BC¶H@;A=B½ ‰•åY“ߐC8CB@<C8uu:;u;@L <²:
L@;<=H8<µ;=<:@u<²:K@B<;@H‰ØY”ߐ‰‹=WH:•‰GٕY¼ØÔCuٙÔA%”Y”–J˜œ
<ñ=+>?1ýñíîïñòøñòõøíòóøîòúñïëïñîðòñõøïöìøñòøñ28úñ÷ëíûë3ëò+
‹=WH:•YUuu:K<@uA²µ<@9=B8<=;µA;@CTK<9@B<²:L@;<=H8<µA:;K:B<=N:9‰L:=B
rU@u„yxy|‚|…~†‡zxzƒ~}~ˆ‚{y{ƒzƒ=BCwxyz{y|{y}~€~|‚€~ƒ~y‰“—
•˜Js@u—”•”ߐY
„yxy|‚|~†‡zxzƒ~}~ˆ‚{y{ƒyƒ
wxyz{y|{y}~€~|‚€~ƒ~y
‹;:=<L:B< \@;<=H8<µ‰ßB9  ‹;:=<L:B< \@;=<=H8<µ‰ß
˜@B<;@H
ØJ””J“”
˜@B<;@H
“J””J“”K
œ:;<8L:K½½
•™J“”J•Ø
œ:;<8L:K½½ •™Jå”J•—=W
˜:;<:;@½
ØJ“”J“”
˜:;<:;@½
•¼J“”Jå»=
¶H@;A=B
•åJ“”J“Ø
¶H@;A=B
•“J¼”J“”W
=
,øíîúñêð33ð&øïñûñòøñúíóøñ3øòòøõñïðñîðòñúëîëêëìíîò3ñïëêêøõñíììðõïëîñòðñ'ö(øúñ
<
:
9<=<=–ß98NB8u8K=BK:H:F:HY
B9B@<98
NB8u8K=B<Y
‹²:B:L=<@C:wá€~|‚€~ƒ~y[II²=C<²:²8N²:9<L:=BA:;K:B<=N:
@u8Bu:K<8F8<µ=N=8B9<¹á}yºº‚{yºº~H=;F=:8BK@LA=;89@B<@„á~}~ˆ‚{y{ƒzƒ
]P\ »Yœ:;<8L:K½ =BC¶H@;A=B½ ;:CTK:C<²:8Bu:K<8F8<µ@u„á~}~ˆ‚{y{ƒzƒ
]P\ »JK=T98BN™”=BC“åßL@;<=H8<µ@u¹á}yºº‚{yºº~H=;F=:J;:9A:K<8F:Hµ
‰‹=WH:“Y‹²:9:F=HT:9¾:;:98NB8u8K=B<HµC8uu:;:B<u;@L<²:K@B<;@H‰¼åߐ‰G
ٙåY”åJCuٙJA#”Y”–J˜œÙ“•Y•“Y‹²:8B9:K<8K8C:˜:;<:;@½C8CB@<;:CTK:
]8Bu:K<8F8<µJ;:9TH<8BN8B—åß L@;<=H8<µ@u¹á}yºº‚{yºº~H=;F=:Yr8L8H=;
;:9TH<9¾:;:@W9:;F:Cu@;wá€~|‚€~ƒ~y[IIJ¾8<²œ:;<8L:K½ =BC¶H@;A=B½
98NB8u8K=B<HµC8uu:;8BNu;@L<²:K@B<;@H‰ØåߐJK=T98BN“”=BC–”ßL@;<=H8<µ
@u¹á}yºº‚{yºº~H=;F=:‰Gٙ–Y¼ØJCuٙJA#”Y”–J˜œÙ“”Y»–J;:9A:K<8F:HµJ
=BC;:CTK8BN<²:8Bu:K<8F8<µ@u<²89B:L=<@C:Y‹²:˜:;<:;@½ <;:=<L:B<C8CB@<
;:CTK:]8Bu:K<8F8<µ=BC;:9TH<:C8B¼“ß L@;<=H8<µ@u¹á}yºº‚{yºº~H=;F=:
‰‹=WH:“Y
»—
‹=WH:“YUuu:K<@uA²µ<@9=B8<=;µA;@CTK<9@B<²:8Bu:K<8F8<µ‰L:=BrU@u„yxy|‚|…~†‡zxzƒ~}~ˆ‚{y{ƒzƒ=BCwxyz{y|{y}~€~|‚€~ƒ~y
‰“—•˜Js@u—”•”ߐ8B¹~ººy|z~}yºº‚{yºº~K=<:;A8HH=;9Y
„yxy|‚|~†‡zxzƒ~}~ˆ‚{y{ƒyƒ
wxyz{y|{y}~€~|‚€~ƒ~y
‹;:=<L:B< Bu:K<8F8<µ‰ß= UßK
˜C Bu:K<8F8<µ‰ß UßK
˜C
˜@B<;@H ¼åJ””Jå”=W
’
ØåJ””J»”=
’
œ:;<8L:K½ ™”J””J»”W å–J•
“
“”J””J–»K —ØJ•
“
˜:;<:;@½
—åJ””J–”= ••Jå
•
¼“J””J–”= •»J–
•
½
¶H@;A=B
“åJ””J»”W åØJ—
“
–”J””J–»W »—JØ
“
=7:=C¹~º
ºy|z~}yºº‚{yºº~K=<:;A8HH=;9Y
W\:=B9ê
ð
3
3ð&øïñûñòøñúíóøñ3øòòøõñïðñîðòñúëîëêëìíîò3ñïëêêøõñíììðõïëîñòðñ'ö(øúñòøúòñíòñíñ)*ñúëîëêëìíîìøñ3ø÷ø3+ñ
K‹;
:=<L:B<:uu:K<ŒUßٕ””’‰•””’ßK@;;:K<:CL@;<=H8<µM‰•””’:CYß@uK@;;:K<:CL@;<=H8<µ¾=9BTHH8B=HH<;:=<L:B<9=BC<²:;:u@;:B@<
K@B98C:;:Cu@;K=HKTH=<8BNUY
C
ZŽ˜<@M8K@H@N8K=HKH=998u8K=<8@B@u<²:8B9:K<8K8C:9Œ•-²=;LH:99‰#™”ߐJ“-9H8N²<Hµ²=;LuTH‰™”’—Øߐ
»¼
‹²:8B9:K<8K8C:9œ:;<8L:K½ =BC¶H@;A=B½ ¾:;:K@B98C:;:CL8HCHµ
<@M8K‰KH=99“’9H8N²<Hµ²=;LuTHu@;<²:<¾@UPŠ9A:K8:9Y‹²:;:¾=9=
K@;;:H=<8@B8B<²:<@M8K@H@N8K=HKH=998u8K=<8@B@u<²:A;@CTK<¶H@;A=B½ ‰KH=99
“=BC<²:;:CTK<8@B@u]8Bu:K<8F8<µY‹²:;:¾=9B@K@;;:H=<8@B8B<²:
<@M8K@H@N8K=HKH=998u8K=<8@B@u<²:A;@CTK<œ:;<8L:K½ ‰KH=99™J¾²8K²K=T9:C
=H@998B<²:]8Bu:K<8F8<µ¾²:BK@LA=;:C<@<²:K@B<;@H<;:=<L:B<Ys@¾:F:;J
<²:<@M8K8<µ@u=Bz{ªzx|‚8B9:K<8K8C:L=µB@<=H¾=µ9W:;:H=<:C<@8<9<@M8K8<µ
8B<²:u8:HC•—W:K=T9:8B<²:H=W@;=<@;µJ<²:K@B<=K<89:M<;:L:=BCNT=;=B<::C
u@;»¼ ²@T;9YZB: A@998WH: ¾=µ <@ T9: B:L=<@C:9=BC 8BK@LA=<8WH:
8B9:K<8K8C:9@B<²:9=L:K;@A¾@THCW:<@<8L:<²:=AAH8K=<8@B@u<²:
B:L=<@C:9=u<:;<²:8B9:K<8K8C: A:;989<:BK:A:;8@C @;F8K:RF:;9=•¼Y‹²:
8B9:K<8K8C:˜:;<:;@½¾=9K@B98C:;:CK@LA=<8WH:‰KH=99•’²=;LH:99¾8<²W@<²
B:L=<@C:9A:K8:9Y
‹²:9:u8BC8BN98BC8K=<:<²=<<²:F8=W8H8<µ=BC8Bu:K<8F8<µ@u<²:<¾@
9<TC8:C9A:K8:9@uUPŠ9Jwá€~|‚€~ƒ~y[II=BC„á~}~ˆ‚{y{ƒzƒ]P\ »J
¾:;:B@<=uu:K<:CWµ:MA@9T;:<@<²:K²8<8B8B²8W8<@;8B9:K<8K8C:˜:;<:;@½Y‹²89
õøúö3òñìðö3ïñûøñïöøñòðñòøñíûúøîìøñðêñìëòëîñëîñòøñîøóíòðïøúñìöòëì3øýñ&ëìñ
A;8L=;8HµK@B989<9@uK@HH=N:B9JKT<8KTH8B9=BC@<²:;A;@<:8B9•¼YB=CC8<8@BJ<²:
8B9:K<8K8C:¾8<²B==K<8@B98L8H=;<@<²=<@u˜:;<:;@½J<²:K²8<8B8B²8W8<@;
C8uHTW:BvT;@BJC8C B@<A;@F@¿:=Bµ 8B²8W8<8@B 8B <²:;:A;@CTK<8@B =BC
C:F:H@AL:B<@uwá€~|‚€~ƒ~y8Bz{ªzx|‚<:9<9•ØY˜²8<8B8B²8W8<@;8B9:K<8K8C:9
=;:¿B@¾Bu@;B@<²=F8BN=B:uu:K<@B<²:F8=W8H8<µ@u„yxy|‚|…~†‡zxzƒ
†~€xy|z‚…‚|~P@8B=;“”J9TAA@;<8BN<²:;:9TH<9@u@F:9<8!7:9:à“• u@;wá
€~|‚€~ƒ~y=BCwxyz{y|{y}~§yºxz~y‰G8H8A³:FJÛ@T<9J\;VK:¿JS:;C8B!
Ž:CC8BN=BC<²@9:@u7:Š=;C@!S;:¾=H““u@;wá§yºxz~yT98BN<²:[C:A<S½
8B=CC8<8@B<@<²:;:9TH<9@W<=8B:C8B<²:A;:9:B<9<TCµY
s:=C“™9<TC8:C<²:K@LA=<8W8H8<µ@uu8F:8B9:K<8K8C:9¾8<²wá§yºxz~y=BC
u@TBC<²=<7µB=L:K½K=T9:CH@¾]8Bu:K<8F8<µ‰”Y•ß8B¹á}yºº‚{yºº~H=;F=:Y
‹²:9=L:;:9TH<¾=9@W9:;F:C8B<²:A;:9:B<9<TCµYZ<²:;9<TC8:9²=F:=H9@
9²@¾BH@¾L@;<=H8<µ@uwá€~|‚€~ƒ~y]9¾²:B:MA@9:C<@K²H@;Aµ;8u@9“»J“–J
“åY[A@998
WH::MAH=B=<8@Bu@;<²:8B9:B98<8F8<µ@uUPŠ9<@<²898B9:K<8K8C:89
ȯ
<²:A;:9:BK:@uWT<µ;µHK²@H8B:9<:;=9:8B<²:9µB=A9:9@uA=;=98<:B:L=<@C:9J
¾²8K²A;@<:K<9<²:=K:<µHK²@H8B:9<:;=9:u;@L<²:8B9:K<8K8C=H=K<8@BJ=K<8BN=9
=u8;9<H8B:@uC:u:B9:“—YŠ:N;89@H8];:<=HY»@W9:;F:C<²=<Pµ;8B:M½ K=T9:CH@¾
L@;<=H8<µ;=<:98B„á†~€xy|z‚…‚|~‰“Y¼ß=BCwá€~|‚€~ƒ~y‰“Y“ߐWT<
õøïöìøïñòøñ28úñëîêøìòë÷ëòñëîñ¹á}yºº‚{yºº~H=;F=:J98L8H=;<@<²:;:9TH<9@u<²:
A;:9:B<9<TCµY
‹²:8B9:K<8K8C:˜:;<:;@½ C8CB@<=uu:K<UPŠ8Bu:K<8F8<µ=BC<²:;:u@;:
¾=9B@<T9:Cu@;<²:H8A8CK@H@;8L:<;8K=99=µY‹²:B:T<;=HH8A8CA:;K:B<=N:98B
<²:]9¾:;:;:CTK:C8BW@<²9A:K8:9=u<:;8B9:K<8K8C::MA@9T;:‰G8NT;:•YG@;
„á~}~ˆ‚{y{ƒzƒ]P\ »J<²:H8A8CA:;K:B<=N:9¾:;:—“Yåß=u<:;:MA@9T;:<@
¶H@;A=B½ =BCå™ß=u<:;:MA@9T;:<@œ:;<8L:K½Y‹²:H8A8CA:;K:B<=N:=u<:;
:MA@9T;:<@œ:;<8L:K½ ¾=998NB8u8K=B<HµC8uu:;:B<u;@L<²=<@u<²:K@B<;@H
‰¼”Y»¼ß‰GٖY»—JCuٓJA#”Y”–Ô˜œÙ•åY™»Y:N=;C8BNwá€~|‚€~ƒ~y
[IIJ<²:H8A8CA:;K:B<=N:9¾:;:»•Y¼“ß =u<:;:MA@9T;:<@¶H@;A=B½ =BC
»–Y•»ß =u<:;:MA@9T;:<@ œ:;<8L:K½JW@<² @u¾²8K² ¾:;:98NB8u8K=B<Hµ
C8uu:;:B<u;@L<²:K@B<;@H‰—»Y—ߐ‰Gٙ—Y¼åJCuٓJA#”Y”–J˜œÙ•—Y“–Y
‹²:B:L=<@C:wá€~|‚€~ƒ~y²=9<²:K=A=K8<µ<@9T;F8F:u@;H@BN
A:;8@C9@u<8L:8B¾=<:;Wµ;:L=8B8BNtT8:9K:B<8B=]R9²=A:CA@9<T;:J<²T9
9=F8BN:B:;Nµ“¼YŽ:K=T9:@u<²89W:²=F8@;J8<K=BW:8Bu:;;:C<²=<]H@K@L@<8@B
L=µ9A:BCL@;::B:;Nµu;@L8<9;:9:;F:9=BCL=µK@B9:tT:B<HµH:=C<@=
C:K;:=9:8B8Bu:K<8F8<µ“Ø+ñ2îñíïïëòëðîýñòøñ28úñúë9øñíîïñëòúñëîëòëí3ñ3ëôëïñíóðöîòúñ
=AA:=;<@W:;:H=<:C<@<²:8;9T;F8F=H=BC8Bu:K<8F8<µ™”YGT;<²:;L@;:J<²:
wxyz{y|{y}~89@H=<:9K=B9T;F8F:H@BN:;A:;8@C9<²=B„yxy|‚|…~†‡zxzƒ¡=9<²:
H8A8CK@B<:B<89C:AH:<:CL@;:;=A8CHµ8B<²:H=<<:;™•J™“
–”
9%pa0.b5^i^h+@-
•””
¼”
å”
»”
“”
”
== =
=W
W
W
W
wxyz{y|{y}~
€~|‚€~ƒ~y
„yxy|‚|…~†‡zxzƒ
~}~ˆ‚{y{ƒzƒ
˜@B<;@H œ:;<8L:K ¶H@;A=B
m1%_a^_^h%1
G8NT;:•YUuu:K<@u<²:A²µ<@9=B8<=;µA=;@CTK<9@B<²:B:T<;=HH8A8CA:;K:B<=N:
8B8Bu:K<8F:³TF:B8H:9=u<:;:MA@9T;:Y\:=B9u@HH@¾:CWµ<²:9=L:H:<<:;C@
î
ðòñúëîëêëìíîò3ñïëêêøõñíììðõïëîñòðñ'ö(øúñòøúòñíòñíñ)*ñúëîëêëìíîìøñ3ø÷ø3+ñ
Y
[KK@;C8BN<@\:B<8:<=HY™™J<²:H8A8CK@B<:B<9@u<²:<²;::UPŠ9wá
§yºxz~y¡„yxy|‚|…~†‡zxzƒ}y¥z‡zƒS=BC„á}y¥z‡zƒE¶“••\:B<8JÛ;8N²<!
P:;;µ¾:;:™¼=BC»–ßJ;:9A:K<8F:HµY‹²:9:;:9TH<9=;:98L8H=;<@<²:;:9TH<9@u
G8<<:;9:<=HY™•Y\@;:@F:;JUPŠ9;:=;:C8B¹á}yºº‚{yºº~‰z{ªzª‚:M²8W8<²8N²:;
8B8<8=HH8A8CK@B<:B<9<²=B<²@9:;:=;:Cz{ªzx|‚—Y[BC=HQ:<=HY“Ø @W9:;F:C
B:T<;=HH8A8CL:=BF=HT:9@uؗY»ß u@;wxyz{y|{y}~|z‚†|~ªy˜=W=B8HH=9J
P@8B=;!=TH9<@BJؔY™ßu@;wá€~|‚€~ƒ~y=BCؔY—ßu@;„yxy|‚|…~†‡zxzƒ
9AY]P\»Y‹²:9=L:=T<²@;9@W9:;F:C<²=<„yxy|‚|…~†‡zxzƒ89@H=<:9¾:;:H:99
<@H:;=B<<²=Bwxyz{y|{y}~89@H=<:9=<W@<²H@¾‰¼ ˜=BC²8N²<:LA:;=<T;:9
‰“»=BC“¼ ˜Y
[KK@;C8BN<@Û;8N²<:<=HY™»J<²:8Bu:K<8F8<µ@uwá€~|‚€~ƒ~y]9
C:KH8B:9;=A8CHµ=u<:;ؔC=µ9@u9<@;=N:YB„yxy|‚|…~†‡zxzƒJ<²:;:89=H9@=
C8;:K<K@;;:H=<8@BW:<¾::BB:T<;=HH8A8C9=BC8Bu:K<8F8<µ™–YÛ;8N²<:<=HY™»
@W9:;F:C²8N²H:F:H9@u8Bu:K<8F8<µ=u<:;•¼”C=µ9@u9<@;=N:8B¾=<:;u@;wá
§yºxz~yJ¾²:;:=9u@;wá€~|‚€~ƒ~y¡<²:8Bu:K<8F8<µ¾=99<=WH:TA<@å”C=µ9Y
–•
s@¾:F:;J=u<:;<²89A:;8@CJ<²:;:¾=9=C:KH8B:8B8Bu:K<8F8<µJ=BC@BHµ=u:¾
8BC8F8CT=H9¾:;:8Bu:K<8F:=u<:;•“”C=µ9™»Y
[HH<²:=W@F:@W9:;F=<8@B9KH:=;HµC:L@B9<;=<:<²=<<²:tT=H8<µ=BC
tT=B<8<µ@u]H8A8C9=;:A=;<8KTH=;Hµ8LA@;<=B<u@;<²:T9:@uUPŠ9=9A:9<
K@B<;@H=N:B<9J=9<²:9:u=K<@;9K;8<8K=HHµ8BuHT:BK:B:L=<@C:F8=W8H8<µ=BC
8Bu:K<8F8<µY‹²:A@998W8H8<µ@uT98BNUPŠ98B8B<:N;=<:CA:9<L=B=N:L:B<
A;@N;=L9‰P\9C:A:BC9@BK=;:uTH9<TCµ@u<²:9:H:K<8@B@u=C=A<:C9A:K8:9
@;A@ATH=<8@B9<@A;@F8C:8Bu@;L=<8@B@B<²:8;A²µ98@H@N8K=H=BCW8@K²:L8K=H
=<<;8WT<:9J=BC9@<@=HH@¾<²:8;:uu8K8:BKµ<@W:8BK;:=9:Cu@;K@LL:;K8=H
T9:™åY
Ž=9:C@B<²:9:;:9TH<9J8<89A@998WH:<@@W9:;F:<²=<<²:T9:@u9@L:
8B9:K<8K8C:98B=99@K8=<8@B¾8<²UPŠ9;:CTK:9<²:=L@TB<9@uH8A8C9<²:µ9<@;:Y
I8A8C9=;:=B:99:B<8=H;:9@T;K:u@;]9¾²:B9:=;K²8BNu@;²@9<9Y‹²:
u@;LTH=<8@B @u8B9:K<8K8C:9K@LA=<8WH: ¾8<² UPŠ9<²=<=;: K=A=WH: @u
L=8B<=8B8BN=C:tT=<:=L@TB<9@uH8A8C989@uK;8<8K=H8LA@;<=BK:YZ<²:;u=K<@;9
L=µ=H9@W:8BF@HF:C8B<²:;:CTK<8@B@u]8Bu:K<8F8<µ8B<²:A;:9:B<¾@;¿J
9TK²=9=H<:;=<8@B@uL:<=W@H8K=K<8F8<µJ8B²8W8<8@B@u9µLW8@<8KW=K<›;8==BC
C=L=N:8B9:B9@;8=H@;N=B9Ô<²:9:9²@THCW:9<TC8:CuT;<²:;YB<²:A;:9:B<
¾@;¿J<²:B:L=<@C:9„á~}~ˆ‚{y{ƒzƒ]P\ »=BCwá€~|‚€~ƒ~y[II¾:;:
K@B98C:;:C8BK@LA=<8WH:¾8<²<²:8B9:K<8K8C:9œ:;<8L:K½=BC¶H@;A=B½Y‹²:9:
<¾@A;@CTK<9;:CTK:<²:8Bu:K<8F:K=A=K8<µ@u]9=BC<²:8;H8A8C=L@TB<9Y
:u:;:BK:
•G:;
;=v I˜˜ŽYŠ:L=<Q8C:9 :B<@L@A=<@NOB8K@9YBŒ[HF:9 rŽJ:C8<@;Y
˜@B<;@H:L8K;@W8=B@C:8B9:<@9Y“BC:CYP8;=K8K=W=ŒGU[IæԕØؼYAY–»•RåØY
“Ž@:L=;
: ŠYŽ8@H@NµJ<=M@B@Lµ =BC 989<:L=<8K @u酂x‚|…~†‡ ƒ=BC
èy{‚|…~†‡ ƒYBŒS=TNH:;J:C8<@;YUB<@L@A=<²@N:B8KB:L=<@H@NµYŠ:¾
â@;¿Œ˜[ŽÔ“””“YAY™–R–åY
™S;
:¾=HPrJŠ=;C@U[ŽJ[NT8HH:;=\\YUB<@L@A=<²@N:B8KB:L=<@C:9Œ
P@<:B<8=Hu@;:MAH@;=<8@B=BCT9:8Br@T<²[L:;8K=YŠ:@<;@A8K=HUB<@L@H@NµY
“””•Ô™”‰“Œ•Ø•R“”–Y
–“
»Š:N;
89@H8[r];JŽ=;W@9=˜˜J\@8B@[];Y[F=H8=>?@C=K@LA=<8W8H8C=C:C:
A;@CT<@9u8<@99=B8<V;8@9K@L B:L=<@8C:9:B<@L@A=<@NOB8K@9‰²=WC8<8C=Œ
r<:8B:;B:L=<8C=:Js:<:;@;²=WC8<8C=:T<8H8v=BC@@A;@<@K@H@L@C8u8K=C@C=
ZŽ˜‘ÛPrYŠ:L=<@H@N8=Ž;=98H:8;=Y“””¼Ô™“‰“Œ•••RåY
–[BC=H
QœJ\@8B@[];Jr=B<=R˜:KXH8=Iœ˜Y˜@LA=<8W8H8C=C:C:B:L=<@8C:9
:B<@L@A=<@NOB8K@9K@L A;@CT<@9u8<@99=B8<V;8@9T<8H8v=C@9B=KTH<T;=C@
K=u::8;@YŠ:L=<@H@N8=Ž;=98H:8;=Y“””»Ô“¼‰“Œ•»ØR–¼Y
å¶@AA:B²àu
:; [\J S;:¾=H PrY ˜@LA=<8W8H8<µ =BC 8B<:;=K<8@B ¾8<²
=N;@K²:L8K=H9=BCW8@K@B<;@H=N:B<9YBŒS;:¾=HPrJU²H:;9EJr²=A8;@7J
:C8<@;9YŠ:L=<@C:9=9W8@K@B<;@H=N:B<9Y˜=LW;8CN:Œ˜[ŽÔ“””–YAY™å™R¼•Y
—Û;
8N²<7]JP:;;µŠYP²µ98@H@Nµ=BCW8@K²:L89<;µYBŒS=TNH:;J:C8<@;Y
UB<@L@A=<²@N:B8KB:L=<@H@NµYŠ:¾â@;¿Œ˜[ŽÔ“””“YAY•»–Rå¼Y
¼I::7IJ[<
¿8B9@Bs]YP²µ98@H@Nµ@uB:L=<@C:9YŠ:¾â@;¿ŒUCY˜@HTLW8=
EB8F:;98<µÔ•Ø——Y“•–AY
؜=BSTBCµr7YUK@H
@Nµ@uyº‚z‡‚¥¯{y9AAY:LA²=9:9@B:BF8;@BL:B<=H
u=K<@;9=uu:K<8BN9T;F8F=H=BCA=<²@N:B8K8<µYBŒr=99:;]ŠJ˜=;<:;˜˜J:C8<@;9Y
[B =CF=BK:C <;:=<89: @B yº‚z‡‚¥¯{yY=H:8N²ŒŠ@;<² ˜=;@H8B= r<=<:
EB8F:;98<µS;=A²8K9ԕؼ–YAY•——R¼“Y
•”[WTs=<
=W\JS=TNH:;YI8A8C9@u8BF8<;@KTH<T;:C„yxy|‚|…~†‡zxzƒ
†~€xy|z‚…‚|~YŽ8@H@N8K=H˜@B<;@HY•ØØØԕ–‰“Œ••™R¼Y
••¶=µ=s¶Jr<
@K¿rPY‹:K²B8tT:98B8B9:K<B:L=<@H@NµYBŒI=K:;µI[J:C8<@;Y
\=BT=H@u<:K²B8tT:98B8B9:K<A=<²@H@NµY˜=H8u@;B8=Œ[K=C:L8KP;:99ԕØؗY
AY“¼•R™“»Y
•“7T<
¿µ rJ‹²@LA9@B IœJ˜=B<¾: SUY[ <:K²B8tT: u@;<²: L=99
A;@A=N=<8@B @u <²: 77R•™å B:L=<@C:Y]@T;B=H@u B9:K<P=<²@H@NµY
•Øå»Ô医•—R““Y
•™P=;
;=]PY˜;8=>?@C:8B9:<@9A=;=:9<TC@9K@LA=<QN:B@9YBŒ[HF:9rŽJ
:C8<@;Y˜@B<;@H:L8K;@W8=B@C:8B9:<@9Y“BC:CYP8;=K8K=W=ŒGU[IæԕØؼYAY
•”•–R™¼Y
•»G:;
;:8;=7GYr89F=;Œ[ K@LAT<:;9<=<89<8K=H=B=Hµ9899µ9<:LY˜8OBK8=:
[N;@<:KB@H@N8=Y“”••Ô™–‰åŒ•”™ØR»“Y
•–P:<
:;9 [JP@THH@<7Yr8C: :uu:K<9 @u9T;u=K<=B<9 =BC A:9<8K8C:9 @B
:B<@L@A=<²@N:B8KB:L=<@C:9=99:99:CT98BN=CF=BK:CZŽ˜NT8C:H8B:9Y
ZŽ˜‘ÛPrŽTHH:<8BY“””»Ô“—‰åŒå—R—“Y
–™
•å˜²;
89<@A²:;9[UPJP=<:H\ŠJŽ:B9@B][Jr=¿=œÛJUF=B9[[GJÛ;8N²<
7]Y[;=A8Cu8:HCRH=W@;=<@;µW8@=99=µ<@=99:99<²:8Bu:K<8F8<µ@uyº‚z‡‚¥¯{y
9AAYr:K@BC9<=N:³TF:B8H:9YŠ:L=<@H@N8K=Y•ØؗԻ™‰•Œ••—R“”Y
•—[H
F:9 rŽJ\@8B@ [ ];J[HL:8C= ]U\YP;@CT<@9 u8<@99=B8<V;8@9 :
:B<@L@A=<QN:B@9YBŒ[HF:9rŽJ:C8<@;Y˜@B<;@H:L8K;@W8=B@C:8B9:<@9Y“BC
:CYP8;=K8K=W=ŒGU[IæԕØؼYAY“•—R™¼Y
•¼Š:N;
89@H8[r];JS=;K8=\rJŽ=;W@9=Š:N;89@H8˜˜Y˜@LA=<8W8H8<µ@u
:B<@L@A=<²@N:B8K B:L=<@C:9 ‰Š:L=<@C=Œ ²=WC8<8C= ¾8<² ;:N89<:;:C
8B9:K<8K8C:9 u@; w‚‡‚xy|~§| ¥zy|‡~ ‰rL8<²J •—Ø— ‰I:A8C@A<:;=Œ
Š@K<T8C=:TBC:;H=W@;=<@;µK@BC8<8@B9Y˜;@AP;@<:K<8@B‰ST8HCu@;CJrT;;:µY
“”•”ԓ؉同–»–RØY
•Øs=;
=[sJ¶=µ=s¶YUuu:K<9@u9:H:K<:C8B9:K<8K8C:9=BCB:L=<8K8C:9@B<²:
8B F8<;@ C:F:H@AL:B< @u <²: :B<@L@N:B@T9 B:L=<@C: ÿy‚~ºy€x~{~
€~|‚€~ƒ~yY]@T;B=H@uŠ:L=<@H@NµY•Ø¼“Ô•»‰»Œ»¼åRؕY
“”@F:9<
8IJs:8BvA:<:;UÛJ‹=NH8:B<:GJ7:9:ගY˜@LA=<8W8H8<µ@u
A:9<8K8C:9 ¾8<² <²: :B<@L@A=<²@N:B8K B:L=<@C: „yxy|‚|…~†‡zxzƒ
†~€xy|z‚…‚|~ P@8B=; ‰Š:L=<@C=Œ s:<:;@;²=WC8<8C=:Y Š:L=<@H@N8K=Y
•Ø¼¼Ô™»‰»Œ»å“R—åY
“•@F:9<
8IJ7:9:à ¶œY˜@LA=<8W8H8<µ @uK²:L8K=HA:9<8K8C:9¾8<² <²:
:B<@L@A=<²@N:B8KB:L:<@C:9Jwxyz{y|{y}~€~|‚€~ƒ~yÛ:89:;=BCrYu:H<8=:
G8H8A³:F‰Š:L=<@C=Œr<:8B:;B:L=<8C=:YŠ:L=<@H@N8K=Y•Øؔԙ剕Œ“™—R»–Y
““7: Š=;
C@ U[ŽJS;:¾=HPrY˜@LA=<8W8H8<µ @u wxyz{y|{y}~§yºxz~y
‰Š:L=<@C=Œr<:8B:;B:L=<8C=:¾8<²A:9<8K8C:9=BCAH=B<N;@¾<²;:NTH=<@;9
T9:C8BNH=99²@T9:AH=B<A;@CTK<8@BYŽ8@K@B<;@HrK8:BK:=BC‹:K²B@H@NµY
“””™Ô•™‰»Œ»»•R¼Y
“™s:=C ]J Û=H
<:;9 ¶G[J I=BN<@B rY ‹²: K@LA=<8W8H8<µ @u <²:
:B<@L@A=<²@N:B8KB:L=<@C:Jwxyz{y|{y}~§yºxz~yJ=BCK²:L8K=H8B9:K<8K8C:9
u@;<²:K@B<;@H@u<²:r@T<²[L:;8K=BH:=uL8B:;Jz|z‚}¯ˆ~… z‡‚†|y{ƒzƒY
Ž8@˜@B<;@HY
“”””Ô»–‰™Œ™»–R–™Y
“»±8
LL:;L=B ]J˜;=B9²=¾ ÛrY˜@LA=<8W8H8<µ @u<²;:::B<@L@N:B@T9
B:L=<@C:9‰²=WC8<8C=8B=tT:@T99@HT<8@B9@uA:9<8K8C:9T9:C8B<T;uN;=99
L=8B<:B=BK:Y]@T;B=H@uUK@B@L8KUB<@L@H@NµY•ØؔԼ™‰•ŒØ—R•””Y
“–[H
TL=8[JS;:¾=HPrY‹=B¿RL8MK@LA=<8W8H8<µ@u<²::B<@L@A=<²@N:B8K
B:L=<@C:9J„yxy|‚|…~†‡zxzƒ†~€xy|z‚…‚|~=BCwxyz{y|{y}~€~|‚€~ƒ~yJ
¾8<²9:H:K<:CK²:L8K=HA:9<8K8C:9T9:C8B<T;uN;=99YŽ8@H@N8K=HrK8:BK:=BC
‹:K²B@H@NµY“””»Ô•»‰—Œ—“–R™”Y
–»
“åST<
8›;;:v˜J˜=LA@9Rs:;;:;=J]8L:B:v]Y˜@LA=;=<8F:9<TCµ@u<²::uu:K<
@u9:H:K<:C =N;@K²:L8K=HA;@CTK<9@B r<:8B:;B:L= u:H<8=: ‰²=WC8<8C=Œ
r<:8B:;B:L=<8C=:YŽ8@K@B<;@HrK8:BK:=BC‹:K²B@H@NµY“””¼Ô•¼‰•Œ•”•R¼Y
“—r:H
¿8;¿\UJs:B9@Br\JT99:HÛrJsT99:8B[rY[K:<µHK²@H8B:9<:;=9:
9:K;:<8@BWµB:L=<@C:9YBŒ¶:BB:Cµ\ÛJs=;B:<<ÛJ:C8<@;9YP=;=98<8K
B:L=<@C:9ŒL@H:KTH=;W8@H@NµJW8@K²:L89<;µ=BC8LLTB@H@NµYŠ:¾â@;¿Œ
˜[ŽÔ“””•YAY“••R“ØY
“¼S;
:¾=H PrY [B²µC;@W8@<8K A@<:B<8=H =BC H@BNR<:;L 9<@;=N: @u
:B<@L@A=<²@N:B8KB:L=<@C:9‰²=WC8<8C=Œr<:8B:;B:L=<8C=:YB<:;B=<8@B=H
]@T;B=Hu@;P=;=98<@H@NµY“”””Ô™”‰ØŒØؖR•”””Y
“Ø[BC=H
QœJ\@8B@[ ];J\=M8L8B8=B@˜J˜=LA@9œPJ\:BC@B>=I[Y
BuHT:BK:@u<:LA:;=<T;:=BCCT;=<8@B@u9<@;=N:@B<²:H8A8C;:9:;F:9@u
:B<@L@A=<²@N:B8K B:L=<@C:9Y :F89<= ˜@H@LW8=B= C: UB<@L@H@N8=Y
“”••Ô™—‰“Œ“”™RØY
™”P=<
:H\ŠJr<@H8B9¿8\JÛ;8N²<7]YŠ:T<;=HH8A8C9=BC<²:=99:99L:B<@u
8Bu:K<8F8<µ8B:B<@L@A=<²@N:B8KB:L=<@C:9Œ@W9:;F=<8@B9@Bu@T;r<:8B:;B:L=
9A:K8:9YP=;=98<@H@NµY•Øؗԕ•»‰P<–Œ»¼ØRØåY
™•G8
<<:;9PGJP=<:H\ŠJS;8uu8B˜‹JÛ;8N²<7]YG=<<µ=K8CK@LA@98<8@B@u
s:<:;@;²=WC8<89 9AY CT;8BN 9<@;=N:Y ˜@LA=;=<8F: Ž8@K²:L89<;µ =BC
P²µ98@H@NµYP=;<ŽJŽ8@K²:L89<;µ!\@H:KTH=;Ž8@H@NµY•ØØØԕ“»‰•Œ¼•R¼Y
™“I:¾8
9UUJr:HF=B rJ˜=LAW:HH]GJS=TNH:;Y˜²=BN:98B u@;=N8BN
W:²=F8@T;CT;8BN <²: 8Bu:K<8F: 9<=N:9@u:B<@L@A=<²@N:B8K B:L=<@C:9Y
P=;=98<@H@NµY•Øؖԕ•”‰”–Œ–¼™RؔY
™™\:B<
8sJP=<:H\ŠJÛ;8N²<7]JP:;;µŠYI8A8CT<8H89=<8@BCT;8BN9<@;=N:
@u<²::B<@L@A=<²@N:B8KB:L=<@C:9r<:8B:;B:L=u:H<8=:=BCs:<:;@;²=WC8<89
L:N8C89u;@LS;::K:=BC<²:E¶YŠ:L=<@H@NµY“””™Ô–‰•Œ™•R—Y
™»Û;
8N²<7]JS;:¾=HPrJr<@H8B9¿8\Y:H=<8F:8LA@;<=BK:@uB:T<;=HH8A8C9
=BCNHµK@N:B=9:B:;Nµ9<@;:98BC=T:;H=;F=:@u<¾@:B<@L@A=<²@N:B8K
B:L=<@C:9Jr<:8B:;B:L=K=;A@K=A9=:=BCr<:8B:;B:L=u:H<8=:Y˜@LA=;=<8F:
Ž8@K²:L89<;µ=BCP²µ98@H@NµYP=;<ŽJŽ8@K²:L89<;µ!\@H:KTH=;Ž8@H@NµY
•Øؗԕ•¼‰“Œ“åØR—™Y
™–s=99ŽJ7@¾B:9\]JS;
8uu8B˜‹YP:;989<:BK:@uu@T;²:<:;@;²=WC8<899AAY
89@H=<:98B9@8HŒ;@H:@uH8A8C;:9:;F:9Y]@T;B=H@uŠ:L=<@H@NµY“””“Ô™»‰“Œ•–•R
¼Y
––
™å[BC=H
QœJ\@;:8;=SGJ\=M8L8B8=B@˜J\@8B@[];J˜=LA@9œPYBuHT:BK:
@u²:;W8K8C:9@BH8A8C;:9:;F:9JL@;<=H8<µ=BC8Bu:K<8F8<µ@u²:<:;@;²=WC8<89
=L=v@B:B989 ‰;²=WC8<8C=Œ²:<:;@;²=WC8<8C=:YŠ:L=<@H@N8= \:C8<:;;=B:=Y
“””Øԙ—Œ••R–Y
–å
3
58Ä3j%a`chfc0j%.1p0^mda`%_cm_%ma0.a^cmcf630%b%.1%h
gÏ%macjci.a`cd%m^_m%j.ach%1
P[EIZsUŠæEU7UrYr[ŽŠZ•J[I˜7Ur\ZŠZ]Y•J
œ[ŠUrr[[Š7[Iã“=BCI7[Šâ\Y±YI\[™
•7:A=;
<L:B<@uUB<@L@H@NµJG:C:;=HEB8F:;98<µ@uI=F;=9J˜YP™”™—J™—“””R
”””I=F;=9J\SJŽ;=v8HY…ƒ~†z{‚ABC¥}~zºá€‚}Y[T<²@;u@;K@;;:9A@BC:BK:Y
“G:C:;
=HEB8F:;98<µ@uEW:;H=BC8=J7:A=;<L:B<@u[N;8KTH<T;=HrK8:BK:9J˜YP
–Ø™J™¼–””R”””\@B<:˜=;L:H@J\SJŽ;=v8HY
™7:A=;
<L:B<@u˜²:L89<;µJG:C:;=HEB8F:;98<µ@uI=F;=9J˜YP™”™—J™—“”””R
”””I=F;=9J\SJŽ;=v8HY
30a^dci0%i.0.hch%._c0hc_cj.1mc0j.1hci%0^oh^_c
%/^1a.
cbcjg^.m.h%8macjcbcd^.
–—
3g1a0._a,‹²899<TCµ =8L:C <@ 9<=BC=;C8v: = L:<²@C <@ L:=9T;: <²:
K@BK:B<;=<8@B@u˜Z“;:H:=9:CWµ8Bu:K<8F:³TF:B8H:9‰]9<@=99:99<²:8;
L:<=W@H8K =K<8F8<µY ‹²: B:L=<@C:9 T9:C 8B <²89 :MA:;8L:B< ¾:;:
„yxy|‚|…~†‡zxzƒ~}~ˆ‚{y{ƒzƒ]P\»=BCwxyz{y|{y}~€~|‚€~ƒ~y[HHY[N=9
K²;@L=<@N;=A²µL:<²@C¾=9T9:Cu@;<²:˜Z“=B=Hµ989Y‹²:;:¾=9=H8B:=;
8BK;:=9:8B<²:˜Z“K@BK:B<;=<8@B=99@K8=<:C¾8<²8BK;:=9:CBTLW:;9@u]9Y
[CC8<8@B=HHµJ<²:˜Z“K@BK:B<;=<8@B@W<=8B:Cu@;wá€~|‚€~ƒ~y¾=9²8N²:;
<²=B<²=<u@;„á~}~ˆ‚{y{ƒzƒY‹²:9<=BC=;C8v:CL:<²@C¾=9=C:tT=<:<@
L:=9T;:<²:K@BK:B<;=<8@B@u˜Z“;:H:=9:CWµ<²:]9Y
%Ï Dc0h1E L:<=W@H89LJ 9<=BC=;C8v=<8@BJ r<:8B:;B:L=<8C=:J
s:<:;@;²=WC8<8C=:
ma0chp_a^cm
UB<@L@A=<²@N:B8KB:L=<@C:9‰UPŠ9=;:W8@H@N8K=HK@B<;@H=N:B<9@u
F=;8@T98B9:K<A:9<9W:K=T9:@u<²:C89<8BK<u@;L9@u=K<8@BJ9A:K8u8K8<8:9=BC
=W8H8<8:9<@=C=A<<@B:¾:BF8;@BL:B<9@u<²:9:<µA:9@uB:L=<@C:9J¾²8K²K=B
=K<9µB:;N89<8K=HHµ¾8<²@<²:;:B<@L@A=<²@N:B8K=N:B<9‰G:;;=vJ•ØؼY‹²:
KµKH:@uA=;=98<89LW:N8B9¾8<²<²8;CR9<=N:8Bu:K<8F:³TF:B8H:9‰]9J¾²8K²
K=;;µ9µLW8@<8KW=K<:;8=8B<:;B=HHµY‹²:]9A:B:<;=<:<²:²@9<<²;@TN²B=<T;=H
@A:B8BN99TK²=9<²:L@T<²J=BT9@;9A8;=KH:9@;:F:B<²;@TN²<²:KT<8KH:J=9
:M:LAH8u8:CWµ9@L:9A:K8:9@u<²:N:BT9„yxy|‚|…~†‡zxzƒYZBK:8B98C:<²:
²@9<J<²:]9;:H:=9:<²:8;8B<:;B=HW=K<:;8=‰P@8B=;J•ØؔY‹²:9:W=K<:;8=
LTH<8AHµ;=A8CHµJK=T98BN9:A<8K:L8==BCC:=<²@u<²:²@9<¾8<²8B“»<@»¼²
‰S;:¾=HJ“””•Y
Š:L=<@C:9=;:=:;@W8K@;N=B89L9<²=<K=B:B²=BK:<²:8;9T;F8F=H
TBC:;K@BC8<8@B9@uH@¾@MµN:B=F=8H=W8H8<µWµ8BCTK8BN=9<=<:@uC@;L=BKµ
‰=B=:;@W8@989‰SH=v:;J“””“Y‹²:=W8H8<µ@uB:L=<@C:9<@9T;F8F:8B=:;@W8K
=BC =B=:;@W8KK@BC8<8@B989²8N²Hµ F=;8=WH:=L@BN 9A:K8:9=BC =L@BN
C8uu:;:B<H8u:9<=N:9¾8<²8B=9A:K8:9‰GàHHyx~ºY•ØØؐY
‹²:=L@TB<@u˜Z“;:H:=9:CWµ<²:;:9A8;=<8@B@uL8K;@@;N=B89L989
@B:@u<²:L@9<<;=C8<8@B=H=BCK@LL@BHµT9:CL:<²@C9<@L:=9T;:<²:
–¼
L:<=W@H8K=K<8F8<µ@u9@8HL8K;@W8=HA@ATH=<8@B9‰\@;:8;==BCr8tT:8;=J“””åY
:9A8;=<8@B;:uH:K<9<²:L8K;@W8@H@N8K=H=K<8F8<µ@u@;N=B89L9=BCK=BW:
L:=9T;:CWµtT=B<8uµ8BN<²:;:H:=9:C˜Z“J¾²8K²;:9TH<9u;@L<²:=K<8F8<µ@u
=:;@W8KL8K;@@;N=B89L9‰=L@9R@C;8NT:9yx~ºY•ØØؐY‹²:;:u@;:JW@<²
UPŠ9=BCLT<T=H89<8KW=K<:;8=²=F:²8N²;:9A8;=<8@B;=<:9‰rL8N8:H9¿8J•ØØ»Y
B<²89K@B<:M<J<²:A;:9:B<9<TCµ=8L:C<@9<=BC=;C8v:=L:<²@C<@
L:=9T;:<²:K@BK:B<;=<8@B@u˜Z“;:H:=9:CWµ<²:]9@u<¾@9A:K8:9@u
B:L=<@C:9<@=99:99<²:8;L:<=W@H8K=K<8F8<µY
.a%0^.b1.mh%a`ch1
pba^ib^_.a^cmcf8291q‹²:B:L=<@C:9T9:C¾:;:wxyz{y|{y}~€~|‚€~ƒ~y
[HH‰89@H=<:Cu;@L=9@8H9=LAH:8BŠ@;<²˜=;@H8B=JEr[=BC„yxy|‚|…~†‡zxzƒ
~}~ˆ‚{y{ƒzƒ]P\ »‰89@H=<:Cu;@L=9@8H9=LAH:8BI=F;=9J\8B=9S:;=89J
Ž;=v8HJ¾²8K²¾:;:L=8B<=8B:C8B=tT:@T99T9A:B98@B‰–””]9‘LH=<•å•˜
=<<²:I=W@;=<@;µ@uB9:K<P=<²@H@NµJG:C:;=HEB8F:;98<µ@uI=F;=9J\8B=9
S:;=89JŽ;=v8HY‹²:;:=;8BN@u<²:¹~ººy|z~}yºº‚{yºº~9A:K8L:B9u@HH@¾:C<²:
L:<²@C@H@Nµ=C=A<:CWµ7T<¿µyx~ºY‰•Ø廐T98BN=B=;<8u8K8=HC8:<L@C8u8:C
WµP=;;=‰•ØؼY
‹²: UPŠ9¾:;: LTH<8AH8:C 8B <²: H=9<R8B9<=;9A:K8L:B9@u¹á
}yºº‚{yºº~ u@HH@¾8BN <²:L:<²@C@H@Nµ @u¶=µ==BC r<@K¿ ‰•Øؗ=BC
L=8B<=8B:C8B=B=tT:@T99T9A:B98@B=<•å•F˜TA<@•¾::¿W:u@;:T98BN<²:
UPŠ98B<²::MA:;8L:B<Yœ=;8@T9K@BK:B<;=<8@B9@u<²:]9¾:;:A;:A=;:C8B
ØåR¾:HHA@Hµ9<µ;:B:AH=<:9T9:C8B9:;@H@N8K=H<:9<9Y‹@<²89:BCJ”J•LH@u<²:
]9T9A:B98@BA:;¾:HH¾=9=CC:C<@=<@<=H@u<:B¾:HH9J<²T9@W<=8B8BN<²:
C:98;:C=L@TB<@u]98B•LH@u9T9A:B98@BY
^c.11.Ïacj%.1p0%a`%0%b%.1%cf63q‹²:W8@=99=µ¾=9A:;u@;L:C¾8<²
u8F:;:AH8K=<:9@u<²:u@HH@¾8BN98M<;:=<L:B<9ŒK@B<;@H‰C89<8HH:C¾=<:;J–””J
—–”J•J”””J•J“–”=BC•J–””]9‘LHYZB:L8HH8H8<:;@uB:L=<@C:9T9A:B98@B=BC
•LH@uC89<8HH:C¾=<:;¾:;:=CC:C<@:=K²ØRLH<TW:F=KTTLT9:Cu@;WH@@C
K@HH:K<8@BYP;8@;<@<²:˜Z“=B=Hµ9:9J<²:]9¾:;:9<@;:C8B<²:<TW:9u@;»¼²
8B=KH8L=<:RK@B<;@HH:CK²=LW:;=<“—•˜=BC=;:H=<8F:²TL8C8<µ‰s@u
–Ø
—”•”ßY‹²:W8@=99=µ¾=9K@BCTK<:CTBC:;=:;@W8KK@BC8<8@B9W:K=T9:<²:
H8C9@u<²:<TW:9¾:;:@A:B:C<@8B@KTH=<:<²:]9Y
‹²:˜Z“ =B=Hµ989¾=9A:;u@;L:C8B<²:˜:B<:;u@;[B=Hµ989=BC
˜²:L8K=HP;@9A:K<8BN‰˜:B<;=HC:[BVH89:9:P;@9A:K>?@æTXL8K=R˜[PæJ
7:A=;<L:B< @u ˜²:L89<;µJ EGI[Y G@; <²: ˜Z“ =B=Hµ989J <²: N=9
K²;@L=<@N;=A²µ¾=9A:;u@;L:CT98BN=S˜R“”•”=AA=;=<T9¾8<²=<²:;L=H
K@BCTK<8F8<µC:<:K<@;‰‹˜7=<“–”F˜¾8<²=–”LœA@H=;8<µJ=B8B³:K<@;
<:LA:;=<T;:@u““”F˜=BCs:K=;;8:;N=9=<=H8B:=;F:H@K8<µ@u–”KL‘9Y‹²:
8B8<8=H<:LA:;=<T;:@u<²:K@HTLB‰<RæPIZ‹R™”LM”Y™“LL7M•”GL
¾=9–”F˜u@;=A:;8@C@u™Y–L8BJu@HH@¾:CWµ=²:=<8BN;=LA@u–”F˜‘L8BTA
<@•–”F˜=BCL=8B<:B=BK:=<<²=<<:LA:;=<T;:u@;“L8BY‹²:8B³:K<8@B¾=9
A:;u@;L:C8B=•Œ“”9AH8<L@C:Y‹²:<@<=H=B=Hµ989<8L:¾=9—Y–L8BY‹²:
tT=B<8u8K=<8@B¾=9A:;u@;L:CF8=:M<:;B=H9<=BC=;C8v=<8@BY‹²:C=<=¾:;:
9TW³:K<:C<@=B=B=Hµ989@uF=;8=BK:=BC=;:N;:998@B=B=Hµ989T98BN<²:
rrœ[9@u<¾=;:‰G:;;:8;=J“”••Y
%1pba1.mh^1_p11^cm
[KK@;C8BN<@<²:;:9TH<9J<²:;:¾=9=H8B:=;8BK;:=9:8B<²:˜Z“
K@BK:B<;=<8@B¾8<²8BK;:=98BNK@BK:B<;=<8@B9@u<²:]9T9A:B98@B9u@;<²:<¾@
9A:K8:9@uB:L=<@C:9‰G8NY•Y<¾=9=H9@@W9:;F:C <²=<<²:]9@uwá
€~|‚€~ƒ~y;:9TH<:C8B=²8N²:;˜Z“ K@BK:B<;=<8@B‰•Yå“M•”R»L@H‘I
K@LA=;:C¾8<²<²:]9@u„á~}~ˆ‚{y{ƒzƒ‰•Y™»M•”R»L@H‘I‰G8NY“Y
å”
cm_%ma0.a^cmcf63+542ÆjcbI5-
“
•J¼
•Jå
•J»
•J“
•
”J¼
µÙ”J”””–M•J•å“
HٔJØØؼ
µÙ”J”””“M•J•–“
HٔJؓ™“
„yxy|‚|…~†‡zxzƒ
~}~ˆ‚{y{ƒzƒ
wxyz{y|{y}~
€~|‚€~ƒ~y
” “–” –”” —–” •””” •“–” •–””
cm_%ma0.a%h1p1i%m1^cm+ÒIjb-
cm_%ma0.a^cmcf63+542ÆjcbI5-
^dp0%5q˜Z“ K@BK:B<;=<8@B8B<²:C8uu:;:B<9T9A:B98@B9@u<²:8Bu:K<8F:
³TF:B8H:9‰]9@u„yxy|‚|…~†‡zxzƒ~}~ˆ‚{y{ƒzƒ=BCwxyz{y|{y}~€~|‚€~ƒ~yY
˜@B<;@HٕJ”»Ø
“
•Jå
iJ4n445
•J“
”J¼
”J»
”
wxyz{y|{y}~€~|‚€~ƒ~y„yxy|‚|…~†‡zxzƒ~}~ˆ‚{y{ƒzƒ
8macjci.a`cd%m^_m%j.ach%1
^dp0%3q˜Z“ K@BK:B<;=<8@B;:H:=9:CWµ<²:8Bu:K<8F:³TF:B8H:9‰]9@u
„yxy|‚|…~†‡zxzƒ~}~ˆ‚{y{ƒzƒ=BCwxyz{y|{y}~€~|‚€~ƒ~yY=‹²:L:=B9
u@HH@¾:CWµ<²:9=L:H:<<:;C@B@<C8uu:;=KK@;C8BN<@<²:‹T¿:µ<:9<=<=–ß
A;@W=W8H8<µY
‹²:;:H:=9:@u˜Z“89;:H=<:C<@<²:L:<=W@H8K=K<8F8<µ@u@;N=B89L9Ô8<
¾=9u@TBC<²=<8<89A@998WH:<@tT=B<8uµ<²89A;@K:99F8=N=9K²;@L=<@N;=A²µY
å•
‹²:A;@A@9:CL:<²@C=HH@¾9<²:K@BK:B<;=<8@B@u˜Z“;:H:=9:CWµ]9<@W:
L:=9T;:C8B=A;=K<8K=H¾=µJ¾²8K²:B=WH:9<²:9<=BC=;C8v=<8@B@u<²89L:<²@CJ
<²T9=9989<8BN8BF=;8@T99<TC8:9=BC:B=WH8BN=W:<<:;TBC:;9<=BC8BN@u<²:
L:<=W@H8K=K<8F8<8:9@uUPŠ9Y
^a%h5^a%0.ap0%
7E‹¶âJrYYԋsZ\PrZŠJ]YœYԘ[Š‹ÛUJSYUY•Øå»Y[<:K²B8tT:u@;
<²:L=99A;@A=N=<8@B@u<²:77R•™åB:L=<@C:Y]@T;B=H@uB9:K<
P=<²@H@Nµå‰»Œ»•—R»““Y
GU[±JIY˜Y˜YŽY•ØؼYŠ:L=<Q8C:9:B<@L@A=<@NOB8K@9YAY–»•R–åØYUBŒ
[HF:9JrYŽY‰:CYY˜@B<;@H:L8K;@W8=B@C:8B9:<@9YGU[IæYP8;=K8K=W=Y
••å™AY
GUU[J7YGY“”••Yr89F=;Œ[ K@LAT<:;9<=<89<8K=H=B=Hµ9899µ9<:LY
˜8OBK8=:[N;@<:KB@H@N8=™–J•”™ØR•”»“Y
GÞIIJYIYÔPIUâUrJ[YÔIUÛ[Š7ZEr¶JSY]YÔÛU\‹UJ˜YÔ
sUSU\[ŠŠJœYÔP[EIJUYY]Y•ØØØY[B=:;@W8@9898B<²:B:L=<@C:
þ~y{‚|…~†‡zxzƒyºy¥~{ƒY˜@LA=;=<8F:Ž8@K²:L89<;µ=BCP²µ98@H@Nµ
•“»Œ“åØR“¼”Y
SI[±UJY“””“YrT;F8F=HW8@H@NµYAY•åØR•¼¼YUBŒS=TNH:;Y‰:CYY
UB<@L@A=<²@N:B8KB:L=<@H@NµY˜[ŽB<:;B=<8@B=HYÛ=HH8BNu@;CY™¼¼
AY
SUÛ[IJPYrY“””•Y[B²µC;@W8@<8KA@<:B<8=H=BCH@BNR<:;L 9<@;=N:@u
:B<@L@A=<²@N:B8K B:L=<@C:9 ‰²=WC8<8C=Œ r<:8B:;B:L=<8C=:Y
B<:;B=<8@B=H]@T;B=Hu@;P=;=98<@H@Nµ™”ŒØؖR•”””Y
¶[â[JsY¶YÔr‹Z˜¶JrYPY•ØؗY‹:K²B8tT:98B8B9:K<B:L=<@H@NµYAY“¼•R
™“»YUBŒI=K:;µJIY[Y‰:CYY\=BT=H@u‹:KB8tT:98BB9:K<P=<²@H@NµY
˜=H8u@;B8=JEr[Y“¼•AY
\ZU[JGY\YrYÔræEU[J]YZY“””åY\:<=W@H89L@:A;@K:99@9
L8K;@W8=B@9YAY•å™R“”•YUBŒ\@;:8;=JGY\YrYÔr8tT:8;=J]YZY‰:CYY
\8K;@W8@H@N8=:Ž8@tTXL8K=C@9@H@9:NTBC=:C8>?@=<T=H8v=C=:
=LAH8=C=YI=F;=9Y—“ØAY
P[[J]YYPY•ØؼY˜;8=>?@C:8B9:<@9A=;=:9<TC@9K@LA=<QN:B@9YAY
•”•–R•”™—YUBŒ[HF:9JrYŽY‰:CYY˜@B<;@H:L8K;@W8=B@C:8B9:<@9Y
GU[IæYP8;=K8K=W=Y••å™AY
PZŠ[]JSYZY•ØؔYŽ8@H@Nµ=BC<=M@B=Lµ@ur<:8B:;B:L=<8C=:=BC
s:<:;@;²=WC8<8C=:YA“™R–ØYUBŒS=TNH:;Y‰:CYYUB<@L@A=<²@N:B8K
B:L=<@H@NµY˜[ŽB<:;B=<8@B=HYÛ=HH8BNu@;CY™¼¼AY
[\ZrRZ7äSEU±JZYԘ[\PŽUIIJ]YGYÔIUۏrJUYUYÔrs[PZR
I[ŠJ7YYԍ[\[rÛ[\âJUYrYŽY•ØØØY7µB=L8K9@uK=;W@B
C8@M8C: ;:H:=9: u;@L 8B9:K<9 8Bu:K<:C ¾8<² :B<@L@A=<²@N:B8K
B:L=<@C:9Y]@T;B=H@uBF:;<:W;=<:P=<²@H@NµØ»Œå»’åØY
å“
r\SUIr¶Y[Y]YÔ[¶sEr‹JY]YԎZU\[UJUYŠYUY•ØØ»YP²=9:
œ=;8=<8@B 8B èy{‚|…~†‡ ƒ{y}~x‚…zº ƒ=BC 酂x‚|…~†‡ ƒ
º }z{yƒ€y{ƒŒ78uu:;:BK:98B :9A8;=<@;µ [K<8F8<µ =BC \:LW;=B:
UB:;N8v=<8@BYžºzy‡=BCK{ªz|‚{}y{x~ºz€|‚†z‚º‚¥¯唌•“”R•“–Y
å™
3
58Æ8ff%_a1cf^m1%_a^_^h%1cm630%b%.1%.mha`%jpap.b^1a^_
g._a%0^.cf%macjci.a`cd%m^_m%j.ach%1
P=TH@s:B;8tT:C:r8tT:8;=r=W8B@•Jœ=B:99=[BC=HQ“JI8C8=Bµ\:BC@B>=
±=K=;@B8I8L=™J[HK8C:9\@8B@]TB8@;•Y
•7:A=;
<L:B<@uUB<@L@H@NµJG:C:;=HEB8F:;98<µ@uI=F;=9J˜YP™”™—J
™—“””R”””I=F;=9J\SJŽ;=v8H
“G:C:;
=HEB8F:;98<µ@uEW:;H=BC8=J7:A=;<L:B<@u[N;8KTH<T;=HrK8:BK:9J˜Y
P–Ø™J™¼–””R”””\@B<:˜=;L:H@J\SJŽ;=v8H
™7:A=;
<L:B<@u˜²:L89<;µJG:C:;=HEB8F:;98<µ@uI=F;=9J˜YP™”™—J™—“”””R
”””I=F;=9J\SJŽ;=v8HY
˜@;;:9A@BC8BN=T<²@;ŒA²9=W8B@”ØNL=8HYK@L
30a^dci0%i.0.hch%._c0hc_cj.1mc0j.1hci%0^oh^_c9%ca0ci^_.b
8macjcbcdÏ
å»
[Žr‹[˜‹ RUB<@L@A=<²@N:B8K B:L=<@C:9‰UPŠ9L=µ W: T9:C 8B
K@LW8B=<8@B¾8<²8B9:K<8K8C:98B<=B¿L8M:9u@;<²:K@B<;@H@uF=;8@T98B9:K<
A:9<9<@;:CTK:=AAH8K=<8@BK@9<9=BC<@=K²8:F:²8N²:;8B9:K<A:9<L@;<=H8<µ
;=<:9Ys@¾:F:;JK@LA=<8W8H8<µ9<TC8:9LT9<W:A:;u@;L:C<@=B=Hµv:<²:
8B9:K<8K8C::uu:K<9@B<²:F8=W8H8<µ=BC<²:8Bu:K<8F8<µ@u8Bu:K<8F:³TF:B8H:9
‰]9¾²:BA:;u@;L8BN=K@LW8B:C=AAH8K=<8@BY‹²T9J<²:A;:9:B<9<TCµ=8L:C
<@:F=HT=<:<²:˜Z“;:H:=9:Wµ]9=BC<²:F8=W8H8<µ@uLT<T=H89<8KW=K<:;8=@u
UPŠ9¾²:B:MA@9:C<@K@B<=K<¾8<²9µB<²:<8K8B9:K<8K8C:9Y‹¾@9A:K8:9@u
UPŠ9J„yxy|‚|…~†‡zxzƒ~}~ˆ‚{y{ƒzƒ]P\»=BCwxyz{y|{y}~€~|‚€~ƒ~y
[IIJ¾:;:8BKHTC:CY‹²:=AAH8:C8B9:K<8K8C:9¾:;:œ:;<8L:K½ ‰=W=L:K<8B
=BC¶H@;A=B½ ‰K²H@;Aµ;8u@9YS=9K²;@L=<@N;=A²µ¾=9:LAH@µ:Cu@;˜Z“
=B=Hµ989Y‹²:W=K<:;8=¾:;:89@H=<:C8B9<:;8H:P:<;8C89²:9J=BC<²:K@H@Bµ
C:F:H@AL:B<¾=9:F=HT=<:CY‹²:œ:;<8L:K½ A;@CTK<<;8NN:;:C=N;:=<:;˜Z“
;:H:=9:Wµ<²:B:L=<@C:9J=99@K8=<:C¾8<²K²=BN:98B<²:8;L:<=W@H8K=K<8F8<µJ
<²=B<²:¶H@;A=B½ A;@CTK<Y‹²:œ:;<8L:K½ =BC¶H@;A=B½ A;@CTK<9C8CB@<
8B²8W8<<²:N;@¾<²@u<²:W=K<:;8=HK@H@B8:9Y‹²:K²=BN:8BL:<=W@H8K=K<8F8<µ
89H8¿:Hµ;:H=<:C<@<²:;:CTK<8@B8B8Bu:K<8F8<µJ=H<²@TN²@<²:;u=K<@;9L=µW:
8BF@HF:C=BC9²@THCW:9<TC8:CY
¶UâÛZ7rŒ˜@LA=<8W8H8<µJ8Bu:K<8F8<µJ=W=L:K<8BJK²H@;Aµ;8u@9Y
ma0chp_a^cm
UB<@L@A=<²@N:B8K B:L=<@C:9 ‰UPŠ9 ‰²=WC8<8C=Œ
s:<:;@;²=WC8<8C=:Jr<:8B:;B:L=<8C=:=;:¿:µK@B<;@H=N:B<9@u8B9:K<A:9<9
W:K=T9:@u<²:8;=99@K8=<8@B¾8<²LT<T=H89<8Kèy{‚|…~†‡ ƒ=BC酂x‚|…~†‡ ƒ
W=K<:;8=J¾²8K²=;:;:H:=9:C8B<@<²:²:L@K@:H@u8B9:K<9Wµ8Bu:K<8F:³TF:B8H:9
‰]9@u<²:N:B:;=wxyz{y|{y}~=BC„yxy|‚|…~†‡zxzƒJ;:9A:K<8F:HµJK=T98BN
9:A<8K:L8==BC;=A8CC:=<²@u<²:²@9<¾8<²8B“»<@»¼²‰[C=L9!ŠNTµ:B
“””“Y‹²:T9:@uUPŠ9¾8<²8B8B<:N;=<:CA:9<L=B=N:L:B<‰P\²=9W::B
8BK;:=98BNHµ 9<TC8:CJ=BC <²:8B<;@CTK<8@B @uB:L=<@C:98B =N;8KTH<T;=H
9µ9<:L98BF@HF:9<²:8;=AAH8K=<8@BK@LW8B:C¾8<²F=;8@T9@<²:;=N;8KTH<T;=H
8BAT<9J8BKHTC8BN K²:L8K=HA;@CTK<9Ju:;<8H8v:;9J=BC =K8C8<µ K@;;:K<@;9Y
å–
s@¾:F:;J<²@9:A;@CTK<9L=µ;:CTK:<²:F8=W8H8<µ=BC8Bu:K<8F8<µ@uUPŠ9
‰S;:¾=Hyx~º“””•Y
r:H:K<8BNA;@CTK<9<²=<C@B@<=H<:;<²:F8=W8H8<µ@uUPŠ9=BC<²:8;
=W8H8<µ<@8Bu:K<<²:²@9<89@u<²:T<L@9<8LA@;<=BK:u@;9TAA@;<8BN<²:8;T9:
8BP\Yr:F:;=H9<TC8:9@u8B9:K<8K8C:K@LA=<8W8H8<µ¾8<²UPŠ9²=F:=H;:=Cµ
W::BK@BCTK<:CYs@¾:F:;J¾²8H:9:F:;=HA;@CTK<9C@B@<=uu:K<B:L=<@C:
F8=W8H8<µJ<²:;:89=;:CTK<8@B8B8Bu:K<8F8<µ<@<²:²@9<8BK:;<=8BK=9:9
‰¶@AA:B²àu:;!S;:¾=H“””–J=BCF=;8@T9u=K<@;9L=µW:;:H=<:C<@<²89
;:CTK<8@B8B8Bu:K<8F8<µJ8BKHTC8BNK²=BN:98BL:<=W@H8K=K<8F8<µ=BC‘@;<²:
8B²8W8<8@B@uLT<T=H89<8KW=K<:;8=Y
‹²:L:=9T;:L:B<@u˜Z“ ;:H:=9:89@B:@u<²:L@9<u;:tT:B<Hµ
:LAH@µ:CL:<²@C9<@tT=B<8uµ<²:L:<=W@H8K=K<8F8<µ@uA@ATH=<8@B9@u9@8H
@;N=B89L9‰\@;:8;=!r8tT:8;=“””åJ=BCL:<=W@H8KK²=BN:9L=µ;:CTK:
A=<²@N:B8Bu:K<8F8<µJN8F:B<²:N;:=<:;:B:;Nµ:MA:BC8<T;:‰Û;8N²<!P:;;µ
“””“Y[B@<²:;;:H:F=B<u=K<@;89<²:=K<8F8<µ@uLT<T=H89<8KW=K<:;8==99@K8=<:C
¾8<²UPŠ9‰Ž@:L=;:“””“J¾²8K²L=µW:8B²8W8<:Cu@HH@¾8BNK@B<=K<¾8<²
9A:K8u8KA;@CTK<9JA;:F:B<8BN<²:8;C:F:H@AL:B<=BC=K<8@B@B<²:8B9:K<=BCJ
<²:;:u@;:J<²:C:=<²@u<²:²@9<Y
‹²T9J=BTBC:;9<=BC8BN@u<²:A²µ98@H@N8K=H=BCW8@K²:L8K=H=9A:K<9
@u<²::uu:K<9@u9µB<²:<8K8B9:K<8K8C:9@BUPŠ9=BC<²:8;LT<T=H89<8KW=K<:;8=
89=B8LA@;<=B<K@BC8<8@Bu@;<²:K@LW8B:CT9:@u<²:9:@;N=B89L9¾8<²8BA:9<
K@B<;@HA;@N;=L9Y‹²T9J<²:A;:9:B<9<TCµ=8L:C<@:F=HT=<:<²:˜Z“;:H:=9:
Wµ]9=BC<²:=K<8F8<µ@uLT<T=H89<8KW=K<:;8=@uUPŠ9¾²:B:MA@9:C<@K@B<=K<
¾8<²9µB<²:<8K8B9:K<8K8C:9<@=99:99u=K<@;9=99@K8=<:C¾8<²;:CTK<8@B98BUPŠ
8Bu:K<8F8<µ<@8B9:K<A:9<9Y
.a%0^.b1.mh%a`ch1
‹²:B:L=<@C:9T9:Cu@;<²:W8@=99=µ¾:;:wxyz{y|{y}~€~|‚€~ƒ~y
[II‰Û:89:;Û@T<9J\;VK:¿JS:;C8BJ=BCŽ:CC8BN=BC„yxy|‚|…~†‡zxzƒ
~}~ˆ‚{y{ƒzƒ]P\»J[BC=HQJŠNTµ:B!\@8B@];J¾²8K²²=F:A@<:B<8=Hu@;
<²:K@B<;@H@u® x~~†ƒ‚º x~‰\:µ;8K¿ÔI:A8C@A<:;=ŒS:H:K²88C=:8B<@L=<@
åå
K;@A9Y‹²:µ¾:;:A;:A=;:Cu;@L9<@K¿9L=8B<=8B:C=9=tT:@T99T9A:B98@B9
‰–””]9LIR•=<•å ˜• ˜Y
‹²:UPŠ9¾:;:LTH<8AH8:C 8B <²:H=9<H=;F=H8B9<=;@u¹~ººy|z~
}yºº‚{yºº~IY‰I:A8C@A<:;=ŒPµ;=H8C=:J=KK@;C8BN<@¶=µ=!r<@K¿‰•ØؗY
‹²:¹á}yºº‚{yºº~H=;F=:T9:C8B<²:=99=µ9¾:;:N:B:;=<:C=KK@;C8BN<@<²:
;:=;8BNL:<²@C=C=A<:CWµ7T<¿µyx~º‰•Ø廐T98BN<²:=;<8u8K8=HC8:<L@C8u8:C
WµP=;;=‰•ØؼY
‹²:8B9:K<8K8C:9¾:;:9:H:K<:Cu;@L<²:C=<=;:A@;<:C8B<²:9<TCµWµ
r=W8B@:<=HY‰“”•»=J¾²:;:8B<²:9=8C8B9:K<8K8C:9²=CB@:uu:K<@B<²:
F8=W8H8<µ@u]9WT<;:CTK:C<²:8;=W8H8<µ<@8Bu:K<¹á}yºº‚{yºº~H=;F=:Y
8ff%_a1cf^m1%_a^_^h%1cm630%b%.1%gÏ%macjci.a`cd%m^_m%j.ach%1q
‹²:L:<²@C9TNN:9<:CWµr=W8B@‰TBATWH89²:CC=<=¾=9T9:C<@=B=Hµv:<²:
˜Z“;:H:=9:Wµ<²:B:L=<@C:9<@:F=HT=<:<²::uu:K<@u8B9:K<8K8C:9@B<²:8;
L:<=W@H8K=K<8F8<µY‹²:9µB<²:<8K8B9:K<8K8C:9:F=HT=<:C¾:;:œ:;<8L:K•¼
˜U‹\ =K<8F:8BN;:C8:B<=W=L:K<8BJ<@M8K@H@N8K=HKH=998u8K=<8@B‰‹˜J•Y“I
»””IR• ¾=<:;=AAH8K=<8@BC@9:=BC¶H@;A=B»¼”˜U‹\ =K<8F:8BN;:C8:B<
K²H@;Aµ;8u@9J‹˜J¼””LI»””IR•¾=<:;=AAH8K=<8@BC@9:Y‹²:C@9:@u:=K²
A;@CTK<:F=HT=<:C89<²:;:K@LL:BC:CC@9:u@;<²:K@B<;@H@u®á~†ƒ‚º x~8B=
<@L=<@K;@AY
‹²:L:<²@C9TNN:9<:CWµŠ:N;89@H8];Yyx~º‰“””¼¾=9:LAH@µ:C<@
:MA@9:<²:]9<@<²:8B9:K<8K8C:9YZB:H8<:;@u:=K²A:9<8K8C:W;@<²¾=9
A;:A=;:C=<C@TWH:<²:;:K@LL:BC:CC@9:u@;T9:8B@B:²:K<=;:Y[•RLI
=H8tT@<¾=9K@HH:K<:Cu;@L<²=<9@HT<8@B=BC=CC:C<@=F@HTL:@uØLI8B=
œ=KT:<<:½R<µA:AH=9<8K<TW:‰•åM•””LLYG@HH@¾8BN<²=<A;@K:CT;:J•LI
@u9T9A:B98@BK@B<=8B8BN•Y–””]9¾=9=CC:C<@:=K²<TW:Y‹²:u@HH@¾8BN
<;:=<L:B<9¾:;::9<=WH89²:Cu@;:=K²@u<²:<¾@B:L=<@C:9A:K8:9ŒK@B<;@H
‰C89<8HH:C¾=<:;]9T9A:B98@BJ]9T9A:B98@Bœ:;<8L:K½J=BC]9T9A:B98@B
¶H@;A=B½JA:;u@;L8BNu8F:;:AH8K=<:9A:;<;:=<L:B<=BCK@B98C:;8BN:=K²
<TW:=;:AH8K=<:Y
‹²:<TW:9¾:;:L=8B<=8B:C8B=<:LA:;=<T;:RK@B<;@HH:CK²=LW:;=<“—
• ˜u@;»¼²=u<:;9<=;<8BN<²::MA:;8L:B<Y‹²:N=9K²;@L=<@N;=A²µ=B=Hµ989
å—
¾=9<²:BA:;u@;L:CT98BN=S˜“”•”N=9K²;@L=<@N;=A²¾8<²=<²:;L=H
K@BCTK<8F8<µC:<:K<@;‰‹˜7=<“–” ˜¾8<²=A@H=;8<µ@u–”LœJ=““” ˜
8B³:K<@;<:LA:;=<T;:J=BCs:=9<²:H@=C8BNN=9=<=H8B:=;9A::C@u–”KL9R•Y
‹²:8B8<8=HK@HTLB‰‹RæPIZ‹R™”LM”Y™“LL7M•”GL<:LA:;=<T;:
¾=9–”F˜J¾²8K²¾=9L=8B<=8B:Cu@;™Y–L8B=BC<²:B8BK;:=9:C=<–” ˜L8BR
•<
@•–” ˜J;:L=8B8BN=<•–” ˜u@;“L8BY‹²:8B³:K<8@B¾=9K@BCTK<:C8B
<²:•Œ“”9AH8<L@C:Y‹²:<@<=H=B=Hµ989<8L:¾=9—Y–”L8BY‹²:tT=B<8u8K=<8@B
¾=9A:;u@;L:CWµ:M<:;B=H9<=BC=;C8v=<8@BY‹²:W8@=99=µ¾=9K@BCTK<:C
TBC:;=:;@W8KK@BC8<8@B9W:K=T9:@MµN:B:B<:;:C<²:<TW:9¾²:B<²:µ¾:;:
@A:B:C<@=CCB:L=<@C:9=BC8B9:K<8K8C:9Y‹²89²=9B@:uu:K<@B<²:;:9TH<9
W:K=T9:<²:=L@TB<89B:NH8N8WH:u@;<²:=B=Hµ9:9Y
8ff%_a1cf^m1%_a^_^h%1cmË#'()Ì$1iq.mhÍ'##'()Ì$1iqg._a%0^.b
._a^/^a^%1q[tT:@T99T9A:B98@B9@u•”””]9LIR• @u<²:B:L=<@C:9wá
€~|‚€~ƒ~y=BC„á~}~ˆ‚{y{ƒzƒ¾:;:A;:A=;:C<@:F=HT=<:<²::uu:K<9@u<²:
8B9:K<8K8C:9@B<²:W=K<:;8=Y[•RLI=H8tT@<¾=9K@HH:K<:Cu;@L:=K²@u<²@9:
9T9A:B98@B9=BC=CC:C<@=uH=<RW@<<@LNH=99<:9<<TW:¾8<²=C8=L:<:;@u“KL
=BC=²:8N²<@u¼KLYrTW9:tT:B<HµJ•LI@u=B8B9:K<8K8C:Jœ:;<8L:K½ @;
¶H@;A=B½JA;:A=;:C=<<²:9=L:;=<8@=98B<²:A;:F8@T9=99=µJ@;C89<8HH:C
¾=<:;‰u@;<²:K@B<;@H<;:=<L:B<¾=9=CC:C<@:=K²<TW:JA:;u@;L8BNu8F:
;:AH8K=<:9A:;<;:=<L:B<Y‹²T9J<²:<;:=<L:B<9¾:;:<²:u@HH@¾8BNŒK@B<;@H
‰C89<8HH:C¾=<:;]9T9A:B98@BJœ:;<8L:K½ ]9T9A:B98@BJ=BC¶H@;A=B½ ]9T9A:B98@BY‹²:<TW:9¾:;:¿:A<8B=<:LA:;=<T;:RK@B<;@HH:CK²=LW:;=<
“—• ˜u@;»¼²u@;<²:9TW9:tT:B<:F=HT=<8@B@uW=K<:;8=H=K<8F8<µY
‹²:L:<²@CL@C8u8:CWµœ@99yx~º‰“””ؐu@;89@H=<8BNLT<T=H89<8K
W=K<:;8=¾=9u@HH@¾:CÔ=–”RLMñí3ëNöðò¾=9K@HH:K<:Cu;@L<²:L8M<T;:@u
B:L=<@C:9=BC8B9:K<8K8C:=BCL8M:C¾8<²)0ñLMñðêñO*ñúðïëöóñôðì3ðõëòøñ
u@;– L8BT<:98B =ØRKLRC8=L:<:;9<:;8H:P:<;8C89²Y‹²=<A;@K:99¾=9
K@BCTK<:C8B=H=L8B=;uH@¾²@@C<@A;@L@<::M<:;B=H=9:A989@u]9Y‹²:
L8M<T;: ¾=9;:R9T9A:BC:C T98BN = L8K;@A8A:<<:J;:L@F8BN –” LMñ=BC
<;=B9u:;;8BN8<<@<²:9=L:F@HTL:@u9<:;8H:C:8@B8v:C¾=<:;Y\8M8BN@u<²:
9T9A:B98@B¾=9A:;u@;L:CWµA8A:<<8BNTA=BCC@¾B¾8<²<²:L8K;@A8A:<<:
å¼
=BCC89<;8WT<8BN<²::B<8;:F@HTL:‰•””LM@B<@<²:9T;u=K:@u<²:BT<;8:B<
=N=;‰Š[KTH<T;:L:C8TL‰¶=µ=!r<@K¿•Øؗ8B=9<:;8H:NH=99P:<;8C89²‰Ø
KL8BC8=L:<:;W:u@;:9A;:=C8BN<²:9T9A:B98@BT98BN=7;8N=H9¿89A=<TH=Y
‹²:AH=<:9¾:;:8BKTW=<:C8B=<:LA:;=<T;:RK@B<;@HH:CK²=LW:;=<“™
• ˜=BC:F=HT=<:C=u<:;»¼=BC—“²Y‹²:W=K<:;8=HN;@¾<²¾=9=B=Hµv:C
=u<:;<²=<A:;8@CWµK@TB<8BN<²:BTLW:;@uK@H@B8:9A:;AH=<:Y
a.a^1a^_.b.m.bÏ1^1q‹²:C=<=;:K@;C:Cu@;<²:C8uu:;:BK:8B˜Z“;:H:=9:CWµ
W@<²B:L=<@C:9A:K8:9=BC<²:K@H@BµBTLW:;9A:;AH=<:¾:;:9TWL8<<:C<@
=B=Húëúñðêñ÷íõëíîìøñ.87:381ñíîïñ'ö(øúñòøúòñêðõñìðóôíõëúðîñðêñóøíîúñ‰A
#”Y”–Y‹²::uu:K<@u<²:8B<:;=K<8@BW:<¾::B<8L:=BC8B9:K<8K8C:A;@CTK<
¾=9=B=Hµv:C9:A=;=<:Hµu@;:=K²W=K<:;8=H9A:K8:9Y
%1pba1
8ff%_a1cf^m1%_a^_^h%1cm630%b%.1%gÏ%macjci.a`cd%m^_m%j.ach%1q
‹²: ;:9TH<9 C:L@B9<;=<: <²=< œ:;<8L:K½ K=T9:C =B 8BK;:=9: 8B <²:
K@BK:B<;=<8@B@u˜Z“ ;:H:=9:CWµ<²:]9@uwá€~|‚€~ƒ~y[II=BC„á
~}~ˆ‚{y{ƒzƒ]P\»¾²:B8BK@B<=K<¾8<²<²:8B9:K<8K8C:¶H@;A=B½u;@L“¼Y¼å
M•”R»L@HIR•<@–ØY”¼M•”R»L@HIR•=BCu;@L•™Y™M•”R»L@HIR•<@“•Y»—M
•”R»L@HIR•J;:9A:K<8F:HµJK@LA=;:C<@<²:K@B<;@H<;:=<L:B<‰G8N•Y
‹²:8B9:K<8K8C:¶H@;A=B½ ;:CTK:C<²:K@BK:B<;=<8@B@u˜Z“;:H:=9:C
Wµ<²:]9@uwá€~|‚€~ƒ~y[II‰“¼Y¼åM•”R»L@HIR•K@LA=;:C<@<²:
K@B<;@H<;:=<L:B<‰™¼Y—“M•”R»L@HIR•Y˜@BF:;9:HµJ<²:K@BK:B<;=<8@B@u˜Z“
;:H:=9:CWµ„á~}~ˆ‚{y{ƒzƒ]P\»:MA@9:C<@¶H@;A=B½¾=9<²:9=L:=9<²=<
;:K@;C:Cu@;<²:K@B<;@H<;:=<L:B<‰•™Y™M•”R»L@HIR•ÔG8N•Y
‹²:F=HT:9;:K@;C:Cu@;<²:˜Z“K@BK:B<;=<8@B9W@<²8B<²:<;:=<L:B<
¾8<²¶H@;A=B½ =BC8B<²:K@B<;@H¾:;:H@¾:;<²=B<²:F=HT:9u@TBC8B<²:
<;:=<L:B<¾8<²œ:;<8L:K½u@;W@<²B:L=<@C:9A:K8:9<:9<:C‰G8N•Y
åØ
cm_%ma0.a^cmc5f63+542Æjcb
5-
—
å
–
»
™
“
•
”
=
W
K
W
W
=
wxyz{y|{y}~
€~|‚€~ƒ~y
„yxy|‚|…~†‡zxzƒ
~}~ˆ‚{y{ƒzƒ
˜@B<;@H ¶H@;A=B œ:;<8L:K
m1%_a^_^h%1
G8N•Y˜Z“ ;:H:=9:Wµ8Bu:K<8F:³TF:B8H:9@uwxyz{y|{y}~€~|‚€~ƒ~y=BC
„yxy|‚|…~½†‡zxzƒ~}~ˆ‚{½y{ƒzƒ u@HH@¾8BN :MA@9T;: <@ <²: 8B9:K<8K8C:9
œ:;<8L:K =BC ¶H@;A=BY\:=B9u@HH@¾:C Wµ <²:9=L: H:<<:;=;: B@<
úëîëêëìíîò3ñïëêêøõøîòñêõðóñøíìñðòøõñíììðõïëîñòðñ'ö(øúñòøúòñíòñòøñ)*ñ
A;@W=W8H8<µH:F:HY
8ff%_a1cf^m1%_a^_^h%1cmË#'()Ì$1iq.mhÍ'##'()Ì$1iqg._a%0^.b
._a^/^a^%1q‹²:;: ¾:;: B@ 98NB8u8K=B<C8uu:;:BK:9 =L@BN <²: K@B<;@HJ
œ:;<8L:K½J=BC¶H@;A=B½ <;:=<L:B<9‰GٔY™ØÔCuٓÔA%”Y”–8B<²:L:=B
K@H@BµBTLW:;9@u<²:èy{‚|…~†‡ ƒ9AYW=K<:;8==u<:;»¼=BC—“²@u:MA@9T;:
<@<²:8B9:K<8K8C:9‰‹=WH:•Ys@¾:F:;J<²:酂x‚|…~†‡ ƒ9AYW=K<:;8=HK@H@Bµ
BTLW:;@u<²:K@B<;@H<;:=<L:B<C8uu:;:Cu;@L<²:œ:;<8L:K½ =BC¶H@;A=B½
<;:=<L:B<9=<W@<²»¼²=BC—“²@uN;@¾<²‰Gٕ“YØ»ÔCuٓÔA#”Y”–Y
[H<²@TN²<²:A;@CTK<9;:CTK:C<²:BTLW:;@u酂x‚|…~†‡ ƒ9AYW=K<:;8=
K@H@B8:9J<²:µC8CB@<K=T9:<²:8;K@LAH:<:C:=<²‰‹=WH:•Y‹²:;:¾=9=
98NB8u8K=B<C8uu:;:BK:W:<¾::B<²:<¾@9=LAH8BN<8L:9u@;W@<²èy{‚|…~†‡ ƒ
9AY‰Gٙ—Y”¼ÔCuٕÔA#”Y”–=BC酂x‚|…~†‡ ƒ9A‰Gٕ»Y»—ÔCuٕÔA#
”Y”–J¾8<²N;:=<:;K@H@BµBTLW:;9=<—“²<²=B=<»¼²J8BC8K=<8BN<²=<<²:
A;@CTK<9u=8H<@A;:F:B<<²:C:F:H@AL:B<@uW=K<:;8=@F:;<8L:‰‹=WH:•Y
—”
‹=WH:•Y\:=½BK@H@BµBTLW:;9@uèy{‚|…~†‡ ƒ9AY=BC酂x‚|…~†‡ ƒ9AY‰L:=BrU=u<:;:MA@9T;:<@<²:8B9:K<8K8C:9œ:;<8L:K½
=BC¶H@;A=B =<<¾@C8uu:;:B<<8L:9J»¼=BC—“²@T;9‰“—• ˜J—”•”ß;:H=<8F:²TL8C8<µJsY
‹;:=<L:B<
èy{‚|…~†‡ ƒ
酂x‚|…~†‡ ƒ
‹8L:‰²
»¼
—“
»¼
—“
˜@B<;@H ™Y»=”Y“Ž= åY¼”Y“[= »Y»”Y“Ž= åYå”Y™—[=
œ:;<8L:K ™Yå”Y™•Ž= –Y¼”Y™—[= ™Y»”Y™•ŽW »Y¼”Y»[W
¶H@;A=B »Y””Y–¼Ž= åY“”Y™—[= ™Y“”Y–¼ŽW »Y¼”Y–¼[W
=\:=B9u
@HH@¾:CWµ<²:9=L:TAA:;K=9:H:<<:;¾8<²8B=;@¾=BCH@¾:;K=9:H:<<:;¾8<²8B=K@HTLB=;:B@<C8uu:;:B<u;@L:=K²@<²:;=KK@;C8BN<@
'ö(øúñòøúòúñíòñ)*ñúëîëêëìíîìø+ñ
—•
^1_p11^cm
r:F:;=H9<TC8:9@uK@LA=<8W8H8<µW:<¾::BB:L=<@C:9=BC8B9:K<8K8C:9
²=F:=H;:=CµW::BK@BCTK<:C‰s=;=!¶=µ=•Ø¼“J@F:9<8yx~º•Ø¼¼J@F:9<8
! 7:9:@•ØؔJŠ:N;89@H8yx~º“”•”J=H<²@TN²H8<<H:²=9W::BATWH89²:C
;:N=;C8BN<²::uu:K<9@u8B9:K<8K8C:9@B;:CTK8BN<²:8Bu:K<8F8<µ@uB:L=<@C:9J
:F:B¾8<²@T<=uu:K<8BN<²:8;F8=W8H8<µY
‹²:L:<=W@H8K=K<8F8<µ@uL8K;@@;N=B89L9L=µW:L:=9T;:CWµ<²:
=L@TB<@u˜Z“ ;:H:=9:CWµ;:9A8;=<8@B=KK@;C8BN<@\@;:8;=! r8tT:8;=
‰“””åJ<²T9:B=WH8BN<²:@W9:;F=<8@B<²=<8B9:K<8K8C:9=H<:;:C<²:L:<=W@H8K
=K<8F8<µ@uB:L=<@C:98B<²:A;:9:B<9<TCµW:K=T9:8B9:K<8K8C:9K=T9:CK²=BN:9
8B<²:˜Z“;:H:=9:CWµB:L=<@C:9Y
r<TC8:9K@BCTK<:CWµ@<²:;=T<²@;9²=F:;:A@;<:CH@¾L@;<=H8<µ@u]9
@uwá€~|‚€~ƒ~y¾²:B:MA@9:C<@K²H@;Aµ;8u@9J<²:=K<8F:8BN;:C8:B<@u
¶H@;A=B½ ‰±8LL:;L=B!˜;=B9²=¾•ØؔJ[HTL=8!S;:¾=H“””»JST<8:;;:v
yx~º“””¼Y[²µA@<²:989<²=<L=µ:MAH=8B<²:8B9:B98<8F8<µ@uUPŠ9<@<²89
A;@CTK<9TNN:9<9<²=<<²:A;:9:BK:@uWT<µ;µHK²@H8B:9<:;=9:u@TBC8B<²:B:;F:
9µB=A9:9@uA=;=98<8KB:L=<@C:9A;@<:K<9<²:=K:<µHK²@H8B:9<:;=9:u;@L<²:
A:9<8K8C:=K<8@BJ<²T9=K<8BN=9=u;@B<H8B:@uC:u:B9:=N=8B9<9TK²K@LA@TBC9
‰r:H¿8;¿yx~º“””•Y‹²:]9@uwá€~|‚€~ƒ~y:MA@9:C<@<²:¶H@;A=B½
A;@CTK<;:L=8B:C=H8F:WT<:M²8W8<:C=;:CTK<8@B8B<²:;:H:=9:@u˜Z“
K@LA=;:C<@<²:K@B<;@H<;:=<L:B<8B<²:A;:9:B<9<TCµW:K=T9:<²:B:L=<@C:
wá€~|‚€~ƒ~yíúñòøñíûë3ëòñòðñíïíôòñòøñúíôøñðêñëòúñù8Rúíôøïüñõð&òñ
KT;F:J<²T9;:L=8B8BN8BtT8:9K:BK:‰S;:¾=H“”””=BC;:CTK8BN8<9L:<=W@H8K
=K<8F8<µY
—“
‹²:B:L=<@C:9:F=HT=<:C8B<²89W8@=99=µ:MA:;8:BK:CL=M8LTL
:MA@9T;:<@<²:8B9:K<8K8C:9J¾²8K²C@:9B@<@KKT;TBC:;u8:HCK@BC8<8@B9
‰[HF:9yx~º•ØؼYGT;<²:;L@;:J<²:8B9:K<8K8C:9¾:;:A;:A=;:C=<C@TWH:<²:
C@9:;:K@LL:BC:Cu@;=AAH8K=<8@B<@@B:²=Y[KK@;C8BN<@9²8W=9²8!‹=¿88
.;PP>1ýñ28úñóíñóíëîòíëîñù8Rúíôøïüñõð&òñ&øîñøQôðúøïñòðñìøõòíëîñ
8B9:K<8K8C:9=<²8N²K@BK:B<;=<8@B9‰u;@L¼””<@»””R¥‘}ºSJ<²:;:Wµ;:CTK8BN
<²:8;L:<=W@H8K=K<8F8<µY‹²899²=A:¾=9@W9:;F:Cu@;<²:]98B<²:A;:9:B<
9<TCµu@HH@¾8BN<²:8;:MA@9T;:<@8B9:K<8K8C:9Y
‹²:8BK;:=9:98B˜Z“;:H:=9:Wµ<²:B:L=<@C:9K=T9:CWµœ:;<8L:K½
L=µW:=99@K8=<:C¾8<²<²:L:K²=B89LC:9K;8W:CWµr=W8B@yx~º‰“”•»WJ¾²@
;:A@;<:C;:CTK<8@B98B<²:H8A8CH:F:H9u@;<²:9=L:B:L=<@C:9W:K=T9:
B:L=<@C:9T9T=HHµK@B9TL:@MµN:B<@L:<=W@H8v:H8A8C9=BC;:H:=9:˜Z“=<
<²::BC@u<²:A;@K:99J=KK@;C8BN<@Û;8N²<!P:;;µ‰“””“Y‹²T9J<²89A;@K:99
L=µ:MAH=8B<²:K@;;:H=<8@BW:<¾::B<²:H8A8CA:;K:B<=N:=BC˜Z“;:H:=9:Y
I8A8CH:F:H9=;:=B@<²:;u=K<@;;:H=<:C<@<²:;:CTK<8@B8BB:L=<@C:
8Bu:K<8F8<µJ=98B<²:9<TCµK@BCTK<:CWµr=W8B@yx~º‰“”•»WJ¾²:;:8B
œ:;<8L:K½ =BC¶H@;A=B½;:CTK:C<²:H8A8CH:F:H9@u]9J¾²8K²=;::99:B<8=Hu@;
C:<:K<8BN<²:8;²@9<9Y[98L8H=;;:9TH<¾=9@W9:;F:CWµ[BC=HQyx~º‰“””ؐJ
¾²@;:A@;<:C<²=<<²:²:;W8K8C:9=BN:;½=BC‹@A:v:½;:CTK:C<²:H8A8CH:F:H9
@u„á~}~ˆ‚{y{ƒzƒY
Ž=K<:;8=HA@ATH=<8@B9A;:9:B<8B 9@8H9:MA:;8:BK:<²::uu:K<9@u
8B9:K<8K8C:9¾²:B<²:8B9:K<8K8C:9=;:=AAH8:C<@9@8H9<@K@B<;@H8B9:K<A:9<9J
=BCK²H@;Aµ;8u@9=BC=W=L:K<8B²=F:<²:K=A=K8<µ<@W:A:;989<:B<8B9@8H9=BC
A@998WHµ=K<@BL8K;@@;N=B89L9‰r=B<@9!\@B<:8;@•ØØ»JS:W;:L=;8=Lyx~º
“”•“J\8H²@L:yx~º“””ؐY
‹²:8B9:K<8K8C:9œ:;<8L:K½ =BC¶H@;A=B½ ²=F:²8N²@K<=B@H‘¾=<:;
A=;<8<8@BK@:uu8K8:B<9‰H@N¶@¾J;=BN8BNu;@L»<@–‰S:W;:L=;8=Lyx~º“”•“J
\8H²@L:yx~º“””ؐY‹²:H@¾<@M8K8<µ@u<²:9:A;@CTK<9<@<²:W=K<:;8=L=µ
W:;:H=<:C<@<²:8;²8N²H8A@A²8H8K8<µJ¾²8K²L=µ;:CTK:<²:8;=W8H8<µ<@
A:B:<;=<:8B98C:<²:B:L=<@C:9W:K=T9:@u<²:A;:9:BK:@uH8A8C98B<²:8;W@CµJ
—™
¾8<²@T<C8;:K<Hµ=uu:K<8BN<²:W=K<:;8=Y[B@<²:;u=K<@;<²=<L=µK@LAH8K=<:<²:
A:B:<;=<8@B@u<²:8B9:K<8K8C:98B98C:<²:B:L=<@C:989<²:;:<:B<8@B@u<²:
KT<8KH:u;@L <²:]“9<=N:JA;8@;<@]J¾8<²<²:B:L=<@C:K@B<=8B8BNW@<²
KT<8KH:9YGT;<²:;L@;:J<²:KT<8KH:9@uB:L=<@C:9K@B<=8B=9L=HH=L@TB<@u
H8A8C9J¾²8K²uT;<²:;8B²8W8<9<²:A:B:<;=<8@B@u<²:8B9:K<8K8C:9‰G:<<:;:;!
²@=C9•ØؙY
Bu:K<8F:³TF:B8H:9@uwxyz{y|{y}~K=;;µ<²:W=K<:;8=èy{‚|…~†‡ ƒ8B
=9A:K8=H8v:C8B<:9<8B=HF:98KH:J¾²:;:=9<²:W=K<:;8==;:C89A:;9:C8B<²:
L8CNT<;:N8@B=BC=;::BK=9:C8B<899T:9@uC8uu:;:B<9<;TK<T;:98BB:L=<@C:9
@u<²:„yxy|‚|…~†‡zxzƒN:BT9‰G@;9<!˜H=;¿:“””“YB<²:A;:9:B<9<TCµJ<²:;:
¾=9=98NB8u8K=B<C8uu:;:BK:8B<²:N;@¾<²@u<²:酂x‚|…~†‡ ƒW=K<:;8=
W:<¾::B<²:K@B<;@H=BC<²:œ:;<8L:K½ =BC¶H@;A=B½8B9:K<8K8C:<;:=<L:B<9J
¾8<²=9L=HHC:H=µ8BK@H@BµC:F:H@AL:B<J¾²8K²¾=9B@<@W9:;F:Cu@;<²:
èy{‚|…~†‡ ƒW=K<:;8=Y‹²89C8uu:;:BK:8B:uu:K<L=µ;:9TH<u;@L<²:H@K=<8@B9
@u<²: W=K<:;8= ¾8<²8B <²: B:L=<@C:9Y‹²: C:H=µ 8B W=K<:;8=HK@H@Bµ
C:F:H@AL:B<L=µ:B=WH:<²:8LLTB:9µ9<:L @u<²:8B9:K<<@=K<L@;:
:uu:K<8F:HµW:K=T9:8<¾8HH²=F:L@;:<8L:<@A;@CTK:9TW9<=BK:9<@u8N²<<²:
B:L=<@C:9=BCW=K<:;8=Wµ:BK=A9TH=<8@B=BCL:H=B8v=<8@B‰7@¾C9!P:<:;9
“””“J\=B=K²8B8yx~º“”•™Y‹²:9<TCµK@BCTK<:CWµ\=C²=8µ=Byx~º‰“””å
C:L@B9<;=<:C <²=<<²: 8B9:K<8K8C: :BC@9THu=B ‰=<8<9K@LL:;K8=HC@9:
A;@L@<:C=B8B8<8=HC:H=µ8B<²:N;@¾<²@u¹º €‚{~€yx‚†~€xy|‡z~ˆ‚x|‚…z€ ƒT
²@¾:F:;J=u<:;—”²J<²:N;@¾<²²=C=H;:=Cµ;:<T;B:C<@=H:F:H98L8H=;<@<²:
K@B<;@H<;:=<L:B<Y
‹²:;:9TH<9C:L@B9<;=<:<²=<K:;<=8B8B9:K<8K8C:9=H<:;<²:L:<=W@H8K
=K<8F8<µ@uUPŠ9Y‹²:8B9:K<8K8C:œ:;<8L:K½ K=T9:C=N;:=<:;;:H:=9:@u˜Z“
WµW@<²B:L=<@C:9A:K8:9<²=B<²:8B9:K<8K8C:¶H@;A=B½J=BC<²:œ:;<8L:K½
=BC¶H@;A=B½8B9:K<8K8C:9C:H=µ:C<²:W=K<:;8=HN;@¾<²@uèy{‚|…~†‡ ƒ9A=BC
酂x‚|…~†‡ ƒ9AJC:9A8<:u=8H8BN<@K=T9:<²:8;C:=<²Yr<TC8:9<²=<:M=L8B:<²:
A²µ98@H@N8K=H=BCW8@K²:L8K=H<;=8<9@uUPŠ9LT9<W:K@BCTK<:C<@9TAA@;<
<²:8;T9:8BP\A;@N;=L9YZ<²:;=AA;@=K²:99²@THCW:A:;u@;L:CTBC:;u8:HC
—»
K@BC8<8@B9<@:F=HT=<:<²:=AAH8K=<8@B@uB:L=<@C:9K@LW8B:C¾8<²<²:
=AAH8K=<8@B@u8B9:K<8K8C:9Y
3_UmcÐb%hdj%ma1
‹²:=T<²@;9<²=B¿ <²:uTBC8BN u;@L <²:\8B=9S:;=89r<=<::9:=;K²
G@TBC=<8@B‰GTBC=>?@C:[LA=;@=P:9tT89=C@U9<=C@C:\8B=9S:;=89J
G[PU\SY
%f%0%m_%1
[C=L9Ž]JŠNTµ:B¶ŽY“””“YUB<@L@A=<²@N:B8KB:L=<@H@NµJAY•R™»Y
BS=TNH:;:C‹=M@B@Lµ=BC9µ9<:L=<8K9Y˜[ŽJÛ=HH8BNu@;CJ
Z0JE¶J™¼¼AY
[HTL=8 [J S;:¾=H PrY “””»Y ‹=B¿RL8M K@LA=<8W8H8<µ @u <²:
:B<@L@A=<²@N:B8K B:L=<@C:9J„yxy|‚|…~†‡zxzƒ†~€xy|z‚…‚|~ =BC
wxyz{y|{y}~€~|‚€~ƒ~yJ¾8<²9:H:K<:CK²:L8K=HA:9<8K8C:9T9:C8B
<T;uN;=99YŽ8@KYrK8Y‹:K²Y•»Œå•™’啼Y
[HF:9rŽJ\@8B@];[J[HL:8C=]U\Y•ØؼYP;@CT<@9u8<@99=B8<V;8@9:
:B<@L@A=<QN:B@9JAY“•—’“™¼YB[HF:9rŽ“:C˜@B<;@H:\8K;@W8=B@
C:B9:<@9YP8;=K8K=W=JGU[IæJ••å™AY
[BC=HQœJ\@;:8;=SGJ\=M8L8B8=B@˜J\@8B@];[J˜=LA@9œPY“””ØY
BuHT:BK:@u²:;W8K8C:9@BH8A8C;:9:;F:9JL@;<=H8<µ=BC8Bu:K<8F8<µ@u
²:<:;@;²=WC8<89 =L=v@B:B989 ‰;²=WC8<8C=Œ ²:<:;@;²=WC8<8C=:Y Š
\:C8<:;;=B:=™—Œ••R•–Y
Ž@:L=;:ŠY“””“YUB<@L@A=<²@N:B8KB:L=<@H@NµJAY™–R–•YBS=TNH:;:C
Ž8@H@NµJ<=M@B@Lµ=BC989<:L=<8K@u酂x‚|…~†‡ ƒ=BCèy{‚|…~†‡ ƒY
˜[ŽJÛ=HH8BNu@;CJZ0JE¶J™¼¼AY
7@¾C9Ž˜JP:<:;9[Y“””“YUB<@L@A=<²@N:B8KB:L=<@H@NµJAY—ØRؼYB
S=TNH:;:Cœ8;TH:BK:\:K²=B89L9Y˜[ŽJÛ=HH8BNu@;CJZ0JE¶J
™¼¼AY
7T<¿µrJ‹²@LA9@BIœJ˜=B<¾:SUY•Øå»Y[<:K²B8tT:u@;<²:L=99
A;@A=N=<8@B@u<²:77R•™åB:L=<@C:Y]B9:K<P=<²@H医•—R»““Y
—–
G:<<:;:;sJ²@=C9\IY•ØؙYŽ8@K²:L89<;µ@u<²:B:L=<@C:KT<8KH:Œ
;:H:F=BK:<@A=;=98<8KB:L=<@C:9@uH8F:9<@K¿Yœ:<P=;=98<@H»åŒ•”™’
•••Y
G@;9<rJ˜H=;¿:7Y“””“YUB<@L@A=<²@N:B8KB:L=<@H@NµJAY–—R—»YBS=TNH:;
:CŽ=K<:;8=RŠ:L=<@C:rµLW8@989Y˜[ŽJÛ=HH8BNu@;CJZ0JE¶J
™¼¼AY
S:W;:L=;8=L râJŽ:T<:H\ÛJâ@BN:7JGHT;µ\Js=;9²]ŽY“”•“Y
[C9@;A<8@B=BCC:9@;A<8@B@uK²H@;Aµ;8u@9<@9@8H9=BC9:C8L:B<9Y
UBF8;@B˜@B<=L8B=BC‹@M8K@H“•–Œ•“™R—–Y
S;:¾=HPrY“”””Y[B²µC;@W8@<8K A@<:B<8=H=BC H@BNR<:;L 9<@;=N: @u
:B<@L@A=<²@N:B8KB:L=<@C:9‰²=WC8<8C=Œr<:8B:;B:L=<8C=:YB<]
P=;=98<@H™”ŒØؖR•”””Y
S;:¾=HPrJŠ=;C@U[ŽJ[NT8HH:;=\\Y“””•YUB<@L@A=<²@N:B8KB:L=<@C:9Œ
P@<:B<8=Hu@;:MAH@;=<8@B=BCT9:8Br@T<²[L:;8K=YŠ:@<;@AUB<@L@H
™”Œ•Ø•R“”–Y
ST<8:;;:v˜J˜=LA@9Rs:;;:;=J]8L:B:v]Y“””¼Y˜@LA=;=<8F:9<TCµ@u<²:
:uu:K<@u9:H:K<:C =N;@K²:L8K=HA;@CTK<9@B wxyz{y|{y}~§yºxz~y
‰²=WC8<8C=Œr<:8B:;B:L=<8C=:YŽ8@KrK8‹:K²•¼Œ•”•’•”¼Y
s=;=[sJ¶=µ=s¶Y•Ø¼“YUuu:K<9@u9:H:K<:C8B9:K<8K8C:9=BCB:L=<8K8C:9@B
<²:8BF8<;@C:F:H@AL:B<@u<²::B<@L@N:B@T9B:L=<@C:ÿy‚~ºy€x~{~
€~|‚€~ƒ~yY]Š:L=<@H•»Œ»¼å’»Ø•Y
9²8W=9²8ŠJ‹=¿88rY•ØؙYUuu:K<9@u8B9:K<8K8C:9@BL@F:L:B<JB8K<=<8@BJ=BC
8Bu:K<8F8<µ@uwxyz{y|{y}~€~|‚€~ƒ~yY]Š:L=<@H“–Œ“”»R“•™Y
¶=µ=s¶Jr<@K¿rPY•ØؗY‹:K²B8tT:98B8B9:K<B:L=<@H@NµJAY“¼•R™“»YB
I=K:;µI[:C\=BT=H@u‹:KB8tT:98BB9:K<P=<²@H@NµY[K=C:L8K
P;:99Jr=B78:N@J˜=H8uQ;B8=»”ØAY
¶@AA:B²àu:;[\JS;:¾=HPrY“””–Y˜@LA=<8W8H8<µ=BC8B<:;=K<8@B¾8<²
=N;@K²:L8K=H9=BCW8@K@B<;@H=N:B<9JAY™å»R™¼•YBS;:¾=HPrJU²H:;9
EJr²=A8;@7:CŠ:L=<@C:9=9W8@K@B<;@H=N:B<9Y˜[ŽŒPTWH89²8BN
˜=LW;8CN:J–“¼AY
—å
\=C²=8µ=B\JP@@BNTv²=H8rJs=;8¶Jr=;=F=B=BœrJr[‹Y“””åYBuHT:BK:
@uA:9<8K8C:9@B<²:N;@¾<²;=<:=BCAH9B<RN;@¾<²A;@L@<8BN<;=8<9@u
¹º €‚{~€yx‚†~€xy|‡z~ˆ‚x|‚…z€ ƒYP:9<8KŽ8@K²:LP²µ9¼»Œ•»™R•–»Y
\=B=K²8B8ŽJrK²8HH=K87J[;8vv= œY“”•™YŽ8@H@N8K=H;:9A@B9:9 @u
¬…¯{€…‚…‚| ƒ §y|| ¥z{y ƒ ‰˜@H:@A<:;=Œ ˜T;KTH8@B8C=: <@
wxyz{y|{y}~€~|‚€~ƒ~y‰Š:L=<@C=Œr<:8B:;B:L=<8C=:Y] UK@B
UB<@L@H;0=4ñ;)?OV;)?P+ñ
\8H²@L:\[IJr@Tv=7ZŽJI8L=G[GJŠ=9K8L:B<@GY“””ØY[99:99L:B<
@u9T;u=K:=BCN;@TBC¾=<:;A@<:B<8=HK@B<=L8B=<8@BWµ=N;8KTH<T;=H
A:9<8K8C:9=AAH8:C8B<²:;:N8@B@uŽ=8M@]=NT=;8W:J˜UJŽ;=v8HYUBN
r=B8<[LW8:B•»Œ™å™R™—“Y
\@;:8;=G\rJr8tT:8;=]ZY“””åY\:<=W@H89L@:A;@K:99@9L8K;@W8=B@9JAY
•å™R“”•YB\@;:8;= G\rJr8tT:8;= ]Z “ :C \8K;@W8@H@N8= :
Ž8@tTXL8K=C@9@H@9:NTBC=:C8>?@=<T=H8v=C=:=LAH8=C=YUC8<@;=
EGI[JI=F;=9J\SY
Š:N;89@H8]; [rJŽ=;W@9= ˜˜J\@8B@ ]; [Y“””¼Y[F=H8=>?@ C=
K@LA=<8W8H8C=C: C: A;@CT<@9 u8<@99=B8<V;8@9 K@L B:L=<Q8C:9
:B<@L@A=<@NOB8K@9‰²=WC8<8C=Œr<:8B:;B:L=<8C=:Js:<:;@;²=WC8<8C=:
T<8H8v=BC@@A;@<@K@H@L@C8u8K=C@C=ZŽ˜‘ÛPrYŠŽ;=98H:8;=™“Œ
•••’••åY
Š:N;89@H8];[rJS=;K8=\rJŽ=;W@9=Š:N;89@H8˜˜Y“”•”Y˜@LA=<8W8H8<µ@u
:B<@L@A=<²@N:B8KB:L=<@C:9‰Š:L=<@C=Œ²=WC8<8C=¾8<²;:N89<:;:C
8B9:K<8K8C:9u@;w‚‡‚xy|~§| ¥zy|‡~‰rL8<²J•—Ø—‰I:A8C@A<:;=Œ
Š@K<T8C=:TBC:;H=W@;=<@;µK@BC8<8@B9Y˜;@AP;@<“ØŒ–»–’–»ØY
P=;;=]PY•ØؼY˜;8=>?@C:8B9:<@9A=;=:9<TC@9K@LA=<QN:B@9JAY•”•–’
•”™—YB[HF:9rŽ“:C˜@B<;@H:\8K;@W8=B@C:B9:<@9YP8;=K8K=W=J
GU[IæJ••å™AY
@F:9<8IJs:8BvA:<:;UÛJ‹=NH8:B<:GJ7:9:ගY•Ø¼¼Y˜@LA=<8W8H8<µ@u
A:9<8K8C:9 ¾8<² <²: :B<@L@A=<²@N:B8K B:L=<@C: „yxy|‚|…~†‡zxzƒ
†~€xy|z‚…‚|~P@8B=;‰Š:L=<@C=Œs:<:;@;²=WC8<8C=:YŠ:L=<@H@N8K=
™»Œ»å“R»—åY
——
@F:9<8IJ7:9:ගY•ØؔY˜@LA=<8W8H8<µ@uK²:L8K=HA:9<8K8C:9¾8<²<²:
:B<@L@A=<²@N:B8KB:L:<@C:9Jwxyz{y|{y}~€~|‚€~ƒ~yÛ:89:;=BCwá
§yºxz~yG8H8A³:F‰Š:L=<@C=Œr<:8B:;B:L=<8C=:YŠ:L=<@H@N8K=™åŒ“™—R
“»–Y
r=W8B@PsrJr=H:9GrJST:F=;=U]J\@8B@];[JG8HNT:8;=9˜˜Y“”•»=Y
˜@LA=<8W8H8<µ @u :B<@L@A=<²@N:B8K B:L=<@C:9 ‰Š:L=<@C=Œ
²=WC8<8C=¾8<²8B9:K<8K8C:9T9:C8B<²:<@L=<@K;@AYŠ:L=<@C=•Œ
:”™”•»Y
r=W8B@PsrJ\@8B@];[J[BC=HQœY“”•»WYUuu:K<9@u9@L:8B9:K<8K8C:9@B
<²:B:T<;=HH8A8CA:;K:B<=N:J9T;F8F=H=BC8Bu:K<8F8<µ@uwxyz{y|{y}~
€~|‚€~ƒ~y[II=BC„yxy|‚|…~†‡zxzƒ~}~ˆ‚{y{ƒzƒ]P\»YŠ:L=<@C=
•Œ:”“”•»Y
r=B<@9‹\˜J\@B<:8;@‹Y•ØØ»YŠšL:;@C:L8K;@;N=B89L@9:=<8F8C=C:
C=T;:=9:B=A;:9:B>=C:=HC8K=;W:::BC@9THu=BB@9@H@YrK8[N;–•Œ
•“™R•™”Y
r:H¿8;¿\UJs:B9@Br\JT99:HÛrJsT99:8B[rY“””•Y[K:<µHK²@H8B:9<:;=9:
9:K;:<8@BWµB:L=<@C:9JAY“••R““ØYB¶:BB:Cµ\ÛJs=;B:<<ۉ:C9
P=;=98<8K Š:L=<@C:9Œ \@H:KTH=; Ž8@H@NµJ Ž8@K²:L89<;µ =BC
LLTB@H@NµY˜[ŽJPTWH89²8BN˜=LW;8CN:J»ØåAY
œ@99\J[BC=H@œJŠ:N;89@H8];[rJŽ=;W@9=RŠ:N;89@H8˜Y“””ØY\=BT=HC:
<›KB8K=9H=W@;=<@;8=89A=;=@W<:B>?@JL=BT<:B>?@:K=;=K<:;8v=>?@C:
:B<@L@A=<²@N:B8KB:L=<@C:9YULW;=A=‹;8N@JP=99@GTBC@JrY
Û;8N²<7]JP:;;µŠY“””“YUB<@L@A=<²@N:B8KB:L=<@H@NµJAY•»–R•å¼YB
S=TNH:;:CP²µ98@H@Nµ=BCW8@K²:L89<;µY˜[ŽJÛ=HH8BNu@;CJZ0J
E¶J™¼¼AY
±8LL:;L=B]J˜;=B9²=¾ÛrY•ØؔY˜@LA=<8W8H8<µ@u<²;:::B<@L@N:B@T9
B:L=<@C:9‰²=WC8<8C=8B=tT:@T99@HT<8@B9@uA:9<8K8C:9T9:C8B
<T;uN;=99L=8B<:B=BK:Y]UK@BUB<@L@H¼™ŒØ—’•””Y
—¼
6954Ó88
3
[L=8@;8=C@98B9:<8K8C=9<:9<=C@99?@K@LA=<XF:89=@9ŠUPY
[A:B=9¶H@;A=B½ :œ:;<8L:K½u@;=LK@B98C:;=C@98BK@LA=<XF:89K@L
=9CT=9:9A›K8:9C:B:L=<@8C:9:9<TC=C=YU99:9C@898B9:<8K8C=9L=B<›L
@9B:L=<@8C:9F8VF:89JB@:B<=B<@;:CTv9T=8Bu:K<8F8C=C:=H=;F=9C:¹á
}yºº‚{yºº~Y[;:CT>?@C=8Bu:K<8F8C=C:A@C::9<=;;:H=K8@B=C=D;:CT>?@
C@<:@;C:H8AXC8@9:=H<:;=>?@B==<8F8C=C:L:<=WQH8K=YŠ@:B<=B<@J
C8F:;9@99?@@9u=<@;:9tT:A@C:L :9<=;;:H=K8@B=C@9=;:CT>?@C=
8Bu:K<8F8C=C:K@L@C=B8uK=>?@B@9@;N?@9:B9@;8=89::99:9C:F:L9:;
=BVH89=C@9Y
Fly UP