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*!'32/*CK*W
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36:3?9GS<8B9E7B9*<GB*F87DAG9V
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3Z!3A@AB<SC8
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32A7<>:<*DC>J8AGF
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3#E9G78<8<GAG9*.@@CGA<
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*+E9*J:CB>D=*@Ab=>:9*DCG=<AGAGF*<@AGC*<DABI*<GB*
<D:78<=9I*[<I*=:9<=9B*[A=E*J7:ABAG9*QN*x*OVa*@@C8R*<GB*9=E78*DE8C:CKC:@<=9*QN*x*OVY*@@C8R*AG*CG9*
JC=*<GB*
I=A::9B*KC:*Y*@AG*9<DE*=A@9V
*+E9*:9I>8=AGF*Zm
3"XN3D3*<GB*Zm
3"XW3D3BAQ9=ECb7D<:?CG78R*
B9:AH<=AH9I*CK*=E9*T
3*<GB*U
3=7:CIAG9X*:9IJ9D=AH987X*<GB*<G7*9=E78*Zm
3"39=ECb7D<:?CG78*B9:AH<=AH9I*
CK*13DC>@<:<=9*[9:9*9b=:<D=9B*AG=C*BA9=E78*9=E9:*QW*x*P*@$R_*=E9*C:F<GAD*
8<79:*[<I*I9J<:<=9B*<GB*
:9@CH9B*>GB9:*<*I=:9<@*CK*GA=:CF9GV*+E9*:9I>8=<G=*:9IAB>9*[<I*:9I>IJ9GB9B*AG*WiP*9=E78*
<D9=<=9n9=E<GC8V*+E9*:9I>8=AGF*N
3D3*<GB*W
3D39=ECb7D<:?CG78*B9:AH<=AH9I*CK*=E9*T
3*<GB*U
3JE9G78<8<GAG9X*:9IJ9D=AH987X*<GB*DAGG<@<=9*[9:9*9b=:<D=9B*
AG=C*BA9=E78*9=E9:*QW*x*P*@$R_*=E9*
C:F<GAD*8<79:*[<I*I9J<:<=9B*<GB*:9@CH9B*>GB9:*<*I=:9<@*CK*GA=:CF9GV
*+E9*:9IAB>9*[<I*:9I>IJ9GB9B*
*jj**AG*WiP*9=E78*<D9=<=9n@9=E<GC8*<GB*=A=:<=9B*[A=E*BA<SC@9=E<G9*>G=A8*<*7988C[*DC8C:*J9:IAI=9BV
*+E9*
B9:AH<=AH9I*[9:9*<G<87S9B*?7
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32/RV*+E9*
B9:AH<=AS9B*?ACI7G=E9=AD*J:CB>D=I*E<B*:9=9G=ACG*=A@9I*<GB*K:<F@9G=*ACG*<?>GB<GD9I*Q
1CDEF6'!
=:K#=@
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*222898?8'(CM6OCU'J3F3P6O6FR'QT'
0$$!0'0EO3MOR'_COV'd
K$XFQRCM6
'`PNY-
3*<GB*(ZZad
3"(+.2*QOVWa*@FR*[9:9*AGD>?<=9B*I9J<:<=987*AG*W*@$*CK*<II<7*?>KK9:*
DCG=<AGAGF*QN
BR3T3=7:CIAG9*=C*9I=<?8AIE*8AG9<:A=7*[A=E*:9IJ9D=*=C*=A@9*<=*<*KAb9B*J:C=9AG*
DCGD9G=:<=ACG*<=*Nj*⁄-V*(C=9X*=E9*`PNY-n
(ZZad
3"(+.2*BC>?89*@>=<G=*[<I*GC=*<D=AH9*[A=E*
T3=7:CIAG9*Q
1CDEF6'!
><RV*.8AL>C=I*QNYO*‹$R*[9:9*[A=EB:<[G*K:C@*9<DE*<=*P
3E*AG=9:H<8I*CH9:*PN*EV*
+E9*J:CB>D=I*[9:9*B9:AH<=AS9B*<GB*L><G=AKA9B*<I*B9ID:A?9B*<?CH9X*<GB*I=9<B7*I=<=9*DCGBA=ACGI*[9:9*
B9=9:@AG9BV*+C*D<8D>8<=9*=E9*\AG9=AD*DCGI=<G=IX*QN
BR3T3=7:CIAG9*[<
I*H<:A9B*QOVP*
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I9J<:<=9*<II<7I*>GB9:*I=9<B7*I=<=9*DCGBA=ACGIV*+E9*:9I>8=<G=*<:78*<8<GAG9*<GB*<:78*<D:78<=9*J:CB>D=I*
[9:9*B9:AH<=AS9B*<GB*L><G=AKA9B*<I*B9ID:A?9B*9<:8A9:V*dAG9=AD*J<:<@9=9:I*Q
L+*<GB*
G()*R*[9:9*
B9=9:@AG9B*K:C@*2ADE<98AI
329G=9G*J8C
=I*Q
1CDEF6'!
>=*m'!>9
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RV*%:AFAG#:C*jVO*[<I*
>I9B*=C*J9:KC:@*=E9*GCG8AG9<:*D>:H9*KA==AGFV*
.8=EC>FE*
L+*AI*GC=*<*=:>9*BAIICDA<=ACG*DCGI=<G=X*AG*=EAI*
I=>B7*A=*[A
88*I9:H9*<I*<*@9<GI*CK*DC@J<:AGF*9GS7@9*AG=9:<D=ACGI*[A=E*BAKK9:9G=*I>?I=:<=9IV
*222898@8'(CM6OCU'J3F3P6O6FR'QT'
0$$!0'0EO3MOR'_COV'd
KJV6MX5353MCM6
'`PNY-
3X*(ZZad
3X*<GB*`PNY-n(ZZad
3"(+.2*QOVPc*@FR*[9:9*AGD>?<=9B*I9J<:<=987*AG*W*@$*
CK*<II<7*?>KK9:*DCG=<AGAGF*Q
NBR3T3JE9G78<8<GAG9*=C*9I=<?8AIE*8AG9<:A=7*[A=E*:9IJ9D=*=C*=A@9*<=*<*KAb9B*
J:C=9AG*DCGD9G=:<=ACG*<=*Nj*⁄-V*.8AL>C=I*QNYO*‹$R*[9:9*[A=EB:<[G*K:C@*9<DE*<=*P
3E*AG=9:H<8I*CH9:*
PN*EV*+E9*J:CB>D=I*[9:9*B9:AH<=AS9B*<GB*L><G=AKA9B*<I*B9ID:A?9B*<?CH9X*<GB*I=9<B7*I=
<=9*DCGBA=ACGI*
[9:9*B9=9:@AG9BV*+C*D<8D>8<=9*=E9*\AG9=AD*DCGI=<G=IX*T
3JE9G78<8<GAG9*[<I*H<:A9B*QOVP*
~*W*@2R*AG*
*POO**I9J<:<=9*<II<7I*>GB9:*I=9<B7*I=<=9*DCGBA=ACGIV*+E9*:9I>8=<G=*<:78*<8<GAG9*<GB*<:78*<D:78<=9*J:CB>D=I*
[9:9*B9:AH<=AS9B*<GB*L><G=AKA9B*<I*B9ID:A?9B
*9<:8A9:V*dAG9=AD*J<:<@9=9:I*Q
L+*<GB*
G()*R*[9:9*
B9=9:@AG9B*K:C@*2ADE<98AI
329G=9G*J8C=I*Q
1CDEF6'!
>?*m'!><
*CK*.JJ9GBAb
RV*%:AFAG#:C*jVO*[<I*
>I9B*=C*J9:KC:@*=E9*GCG8AG9<:*D>:H9*KA==AGFV*
**2228:'%6RE5OR'b'.CRUERRCQM
'2228:87'!UOC]COX'QT'
0$$!0'!UOC]6'#CO6'0EO3MOR
'!G*:C>=9*=C*@<\AGF*=E9*`PNY-n(ZZad
3"(+.2*BC>?89*@>=<G=X*=E9*J:CF9GA=C:*IAGF89*@>=<G=I*
`PNY-
3*<GB*(ZZad
3"(+.2*[9:9*D8CG9BX*9bJ:9II9BX*<GB*=9I=9B*KC:*<D=AHA=7*[A=E*T
3=7:CIAG9*<GB*
T3JE9G78<8<GAG9V
*2228:8787'G79<&
K0$$!0'0EO3MO
'-C@J<:9B*=C
*"(+.2X*`PNY-
3"(+.2*=>:G9B*CH9:*T
3=7:CIAG9*=C
*13DC>@<:<=9*Q
$3456'
<1R*<G*
C:B9:*CK*@<FGA=>B9*I8C[9:*Q
$3456'
<-RV*;EA89*=E9
*L+*H<8>9I*CK*?C=E*`PNY-
3"(+.2*<GB
*"(+.2*KC:*T
3=7:CIAG9*[
9:9*IA@A8<:*Q
$3456'
<!*<GB*
"RX*=E9
*G()**/*);
*QG()*!,<=>
*u*G()*(?@@
R*[<I*B:<I=AD<887*:9B>D9B*
QvNj3KC8BR*KC:*=E9*@>=<G=V*69IAB9I*=E9*B9D:9<I9B*:<=9*CK*
=>:GCH9:X*=E9*J:CB>D=*:<=ACI*[9:9*AGH9:=9B_*
`PNY-
3"(+.2*J:CB>D9B*<*NNikc*U
3=7:CIAG9i
13DC>@<:<=9*:<=AC*DC@J<:9B*=C*<*:9DAJ:CD<8*kYiNY*
:<=AC*D<=<87S9B*?7
*"(+.2V*+E9I9*B<=<*I>FF9I=*=E<=*8CII*CK*=E9*Zr
3E7B:Cb78*F:C>J*CK*=E9*+7:PNY*
IAGF89*@>=<G=*G9F<=AH987*<KK9
D=I*I>?I=:<=9*=>:GCH9:*<GB*=E9*<?A8A=7*CK
*"(+.2*=C*:9=<AG*=E9*
13DC>@<:<=9*AG=9:@9BA<=9*KC:*=E9*(,
"*:9?C>GB*CG*=E9*:9<D=ACG*J<=E[<7V*0>:=E9:X*=E9*D<=<87=AD*
9KKADA9GD7*CK*`PNY-
3"(+.2*KC:*T
3JE9G78<8<GAG9*Q
$3456'
<1R*[<I*
4W3KC8B*EAFE9:*=E<G*=E<=*KC:*T
3=7:CIAG9*Q
$3456'
<"RV*+E9I9*B<=<*I>JJC:=*=E<=*=E9*`*‰*-*
@>=<=ACG*DE<GF9B*=E9*I>?I=:<=9*I989D=AHA=7*
*POP**J:9K9:9GD9*=C[<:BI*T
3JE9G78<8<GAG9_*<*:9I>8=*=E<=*[<I*IC@9[E<=*9bJ9D=9B*K:C@*J:9HAC>I87*
@9G=ACG9B*I=>BA9I*[E9:9*IA@A8<:*@>=<=ACGI*[9:9*9@J8C79BV
"2*+E9*:98<=AH9*D<=<87=AD*9KKADA9GD7*CK*`PNY-
3"(+.2*KC:*T
3JE9G78<8<GAG9X*BC@AG<=9B*?7*j
3KC8B*
8C[9:
*L+X*AI*
4NO3KC8B*EAFE9:*=E<G*=E<=*CK
*"(+.2*Q
$3456'
<-'3MN'1
RV*+EAI*B<=<*9I=A@<=9I*=E<=*=E9*
-7IPNY*
:9J8<D9@9G=*<GB*=E9*C:AFAG<8*(ZZa*CK*`PNY-
3"(+.2*?AGBI*JE9G78<8<GAG9*?9==9:*=E<G*=E9*
`PNYn(ZZa*:9IAB>9*=<GB9@*CK
*"(+.2V*49IJA=9*E<HAGF*<*EAFE9:*D<=<87=AD*9KKADA9GD7*=E<G
*"(+.2X*
`PNY-
3"(+.2*BAIJ:CJC:=ACG<=987*@<\9I*@C:9*DAGG<@<=9*Qjk^R*<I*<*@Ab=>:9*[A=E*W^*
U3*$3456'
<V*dAG9=AD*#<:<@9=9:I*CK*;A8B
3=7J9*<GB*2>=<G=*
"(+.2*!GS7@9IV
*/>?I=:<=9i*T
3+7:CIAG9
*"(+.2*!GS7@9
*L+*Q@2R
*!!"#
$%&'(
7QI,$R+*x*PO'*!!"#
)*+,
**QI,$R,*x*PO'7U3+7:i-C>@
-*!!"#
#*#"-
7QI,$R.*x*PO'*!(.-
#*#"-
*Q^R/*!!"#
#*#"-
nL+*QI,$*2,$R*!(.-
#*#"-
nL>-;
*Q^R0*;A8B3=7J9
*!*OVYZ*QOVOWR*YVO*QOVOPZR*PVk*QOVOOWR*kYiNY
*aVk*POO*PNVZ*POO*`PNY-
*"*OVYP*QOVOaR*OVOYW*QOVOOWR*OVPc*QOVOOkR*NNikc
*OVNW*WVZ*OVZY*WVa*(ZZad
*&*OVaZ*QOVOcR*OVOONP*QOVOOONR*OVOca*QOVOOkR*Nijc
*OVOcc*PVW*OVPWW*PVP*`PNY-n(ZZad
*.*).1').').''KKK'KKK'KKK'KKK'/>?I=:<=9i*T
3#E9G78<8<GAG9
*"(+.2*!GS7@9
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*!!"#
$%/0.
*QI,$R2*x*PO'*!!"#
)122
*QI,$R3*x*PO'*U3#E9i-AGG
-*!!"#
#*#"-
7QI,$R).*x*PO'*!(.-
#*#"-
*Q^R/*!!"#
#*#"-
nL+*QI,$*2,$R*!(.-
#*#"-
nL>-;
*Q^R0*;A8B3=7J9
*-*„jVO4*QNVZR*„OVPa4*QOVOZaR*OVWa*QOVOZR*WOikO
*OVYN*NY*OVOa*PVZ*`PNY-
*1*PVO*QOVNPR*OVOWY*QOVOOWR*PVN*QOVPkR*Wijk
*PVNZ*aO*PVNZ*Nj*(ZZad
*/*OVkN*QOVPOR*OVOc*QOVOOjR*PVW*QOVOYR*aijZ
*PVWc*ak*PVjP*ZY*`PNY-n(ZZad
*I*OVZj*QOVPPR
*OVOYN*QOVOOYR*NVO*QOVNZR*Nijc
*NVOY*POO*ZVNP*POO*+G()**CK*9GS7@9*KC:*U
3=7:CIAG9V*
,G()**CK*9GS7@9*KC:*DC>@<:<=9V*
-&<=AC*CK*U
3<@AGC*<DAB*=C*<D:78<=9*
J:CB>D=V*
.+C=<8*=>:GCH9:*CK*9GS7@9*KC:*
U3<@AGC*<DAB*<GB*<D:78<=9*J:CB>D=I_*
/&98<=AH9*=C=<8*
=>:GCH9:V*
0&<=AC*CK*:98<=AH9*D<=<87=AD*9KKADA9GD7V*
1(4*s*GC=*B9=9D=9BV*
4.JJ<:9G=*\AG9=AD*H<8>9IV
*2G()**CK*9GS7@9*KC:*U
3=7:CIAG9V*
3G()**CK*9GS7@9*KC:*DC>@<:<=9V
*/=<GB<:B*9::C:*FAH9G*AG*J<:9G=E9I9I
***PON**JE9G78<8<GAG9*Q
$3456'
<1R_*
"(+.2X*AG*DCG=:<I=X*@<\9I*<*I8AFE=87*@C:9*?<8<GD9B*BAI=:A?>=ACG*CK*
DAGG<@<=9*QkO^R*=C*U
3JE9G78<8<GAG9*QWO^R*Q
$3456'
<-RV*'G*I>@@<:7X*=E9*G<=>:<887*CDD>::AGF*`PNY*
<GB*(ZZa*BA<B*I8C[9B*=E9
*G()**/*);
*CK*"(+.2*?7*W
3KC8B*DC@J<:9B*=C*=E<=*CK*`PNY-
3"(+.2*KC:*
JE9G78<8<GAG9
*?>=*[C:\9B*AG*=<GB9@*=C*:9=<AG*=E9*AG=9:@9BA<=9*AG
*"(+.2*8CGF*9GC>FE*KC:*
<@AGC@>=<I9*D<=<87IAI*CK*U
3JE9G78<8
<GAG9V
*2228:8789');;=(
K0$$!0'0EO3MO
'+E9*:98<=AH9*D<=<87=AD*:<=9*CK*(ZZad
3"(+.2*Q
$3456'
<&R*KC:*T
3=7:CIAG9*[<I*vW
3KC8B*I8C[9:*
=E<G*=E9*:<=9*CK*`PNY-
3"(+.2*Q
$3456'
<"R*<GB*<I=C>GBAGF87*ka
3KC8B*I8C[9:*=E<G*=E<=*CK
*"(+.2*Q$3456'
<!RV*+E9*:98<=AH9*D<=<87=AD*9KKADA9GD7*Q
G>-;
*/*);
nL>-;
R*CK*(ZZad
3"(+.2*B:CJJ9B*<*@9:9*
4W3KC8B*DC@J<:9B*=C*=E<=*CK*`PNY-
3"(+.2*<GB*?7*G9<:87*POO
3KC8B*DC@J<:9B*=C*=E<=*CK*=E9*[A8B
3=7J9*
9GS7@9*Q
$3456'
<RV*+E9
*L+*H<8>9I*KC:*(ZZad
3"(+.2X*`PNY-
3"(+.2X*<GB
*"(+.2*Q
$3456'
<!~&R*<:9*IA@A8<:*KC:*T
3=7:CIAG9X*79=*A=*AI*D89<:*=E<=*=E9*(ZZad*@>=<=ACG*<KK9D=I*=E9*D<=<87=AD<887*
DC@J9=9G=*DCGKC:@<=ACG*KC:*?AGBAGF*T
3=7:CIAG9V*+E9*:<=AC*CK*J:CB>D=*@<B9*?7*(ZZad
3"(+.2*K:C@*T
3=7:CIAG9*[<I*Nijc*U
3=7:CIAG9i
13DC>@<
:<=9*Q
$3456'
<&RV*+E9*J:9BC@AG<G=*J:CB>D=ACG*CK
*13DC>@<:<=9*<F<AG*I>JJC:=9B*=E9*AB9<*=E<=*=E9*(Zaa*:9IAB>9*[<I*:9IJCGIA?89X*AG*J<:=X*KC:*EC8BAGF*=E9*
<D:78<=9*AG=9:@9BA<=9*[A=EAG*=E9*<D=AH9*IA=9*8CGF*9GC>FE*KC:*=E9*AIC@9:AS<=ACG*=C*<BH<GD9V
*+C*DC@J<:9X*(ZZad
3"(+.2*=>:G9B*CH9:*T
3JE9G78<8<GAG9*=C*<*aijZ*U
3JE9G78<8<GAG9iDAGG<@<=9*:<=AC*Q
$3456'
</R*<=*<*:<=9*K<:*I>J9:AC:*QPa
3KC8B*F:9<=9:
*G()**/*);
R*=E<G*A=*
=>:G9B*CH9:*<
3=7:CIAG9*=C*A=I*J:CB>D=I*Q
$3456'
<&RV*+E>IX*=E9*<8=9:9B*(*‰*dZZa*DC>J89B*[A=E*=E9*
G<=>:<8*`PNY*:9IAB>9*GC=*CG87*9GE<GD9B*I>?I=:<=9*IJ9DAKADA=7*KC:*T
3JE9G78<8<GAG9*
QG>-;
*/*);
nL>-;
*AGD:9<I9B*
4ZY3KC8BR*CH9:*=E<=*KC:*T
3=7:CIAG9X*?>=*<8IC*<KK9D=9B*=E9*(,
"*:9?C>GBX*
J:CB>DAGF*@C:9*<D:78<=9*AG=9:@9
BA<=9*=E<G*U
3<@AGC*<DABX*<I*I99G*KC:*=E9*`PNY-*@>=<G=V*2C:9CH9:X*
=E9*jY
3KC8B*AGD:9<I9*<GB*=E9*
4POO3KC8B*B9D:9<I9*AG*D<=<87=AD*9KKADA9GD7*CK*(ZZad
3"(+.2*KC:*T
3*POW**JE9G78<8<GAG9*<GB*T
3=7:CIAG9X*:9IJ9D=AH987X*DC@J<:9B*=C*=E<=*CK
*"(+.2X*IEC[*=E<=*=E9*@>=<G=*AI*
@C:
9*DC@J<=A?89*[A=E*<*I>?I=:<=9*8<D\AGF*=E9*Zr
3E7B:Cb7*F:C>JV*+EAI*I989D=AHA=7*J:9K9:9GD9*[<I*
<8IC*I99G*KC:*=E9*`PNY-*@>=<G=*<GB*KC:*=E9*BC>?89*@>=<G=X*B9ID:A?9B*G9b=V
*2228:878:'G79<&f);;=(
K0$$!0'0EO3MO
'+E9*BC>?89*@>=<G=*`PNY-n(ZZad
3"(+.2*8CI=*<88*CK*A=I*B9=
9D=<?89*T
3=7:CIAG9*<D=AHA=7*<GB*BAB*
GC=*DCGH9:=*=E9*Zr
3E7B:Cb7JE9G78<8<GAG9*=C*9A=E9:*U
3=7:CIAG9*C:
*13DC>@<:<=9*Q
$3456'
<.'3MN'I
RX*9H9G*<K=9:*Zc*EV*+EAI*I989D=AHA=7*KC
:*T
3JE9G78<8<GAG9*CH9:*T
3=7:CIAG9*AI*@>DE*8A\9*=E<=*CK
*2.#.2X*
[ECI9*<D=AH9*IA=9*I9L>9GD9*F>AB9B*=E9*B9IAFG*CK*`PNY-n(ZZad
3"(+.2V*`PNY-n(ZZad
3"(+.2*DCGH9:=9B*T
3JE9G78<8<GAG9*=C*
4ZO3KC8B*@C:9*DAGG<@<=9*=E<G*U
3JE9G78<8<GAG9*Q
$3456'
<IRX*[A=E*<*
=C=<8*=>:GCH9:*:<=9*IA@A8<:*=C*=ECI9*CK*=E9*IAGF89
3@>=<G=*DCGF9G9:I*Q
$3456'
<1'3MN'/
RV*5IAGF
*L+*<I*<G*9I=A@<=9*CK
*LAX*9<DE
*"(+.2*@>=<G=*?C>GB*T
3JE9G78<8<GAG9*<JJ:CbA@<=987*<I*[988*<I
*"(+.2*?C>GB*T
3=7:CIAG9*Q
$3456'
<!'3MN'1
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