!

!"#$%&'"()"!(*#+,# -+*"#." (
(
-*/0,!,- (

(
(
(
*/1$"#"- (

(
(
&23%".*4,- (

(
5678679:679;(6<86(<:=>;?;(@;=;(A7(BCDA68:E;( 96(?B(<;=>CBF?AG
H(E;<:8:I; F76JB8:I; (

"!
!
!

+!&-"(K(
(
&23%".*4,-(
(
"<(A7B(C6EC6<678B@:;7(DA6(<6(@;7<:96CB(=;96?;(96(@AB?DA:6C(=B7:L6<8B@:M7(96(?B(
C6B?:9B9N((
!;<(BCDA68:E;<(<;7(?B(L;C=B(=69:B786(?B(@AB?(<6(6OEC6<B7(A7B(<6C:6(96(6OE6C:67@:B<(P(
C6@A6C9;<(C6L6C6786<(B(?;<(B786EB<B9;<N(!
+B9B(E6C<;7B(96<BCC;??B(A7B(<6C:6(96(BCDA68:E;<(67(LA7@:M7(96(?B<(I:I67@:B<(96(<A(
B<@67967@:BN!
QB@67(C6L6C67@:B(B(C6EC6<678B@:;76<(=678B?6<(@;=A76<(DA6(EC6<678B7(8;9B<(?B<(
E6C<;7B<N!
!
!"#$%&'()*+,%+-./0+

!
!
$%&'(!)*+,!-.(&/!,*0!1(2,.%(31*0!34(5%65.*,%0/!3.,5.+*,%0!7!*(5%8*0*9*0!8+4:43*(!,*!
&%(%+*31;(!9%!,40!*+<.%51840/!,40!3.*,%0!0%!*3.=.,*(!%(!%,!1(34(031%(5%!9%!,40!1(91:19.40!7!
9%5%+=1(*(!&+*(!8*+5%!9%!0.!9%0*++4,,4!80><.134?!
@40!*+<.%51840!04(!,*!24+=*!=%91*(5%!,*!3.*,!0%!%68+%0*(!.(*!0%+1%!9%!%68%+1%(31*0!7!
+%3.%+940!+%2%+%(5%0!*!,40!*(5%8*0*940?!A0!9%31+/!3*9*!8%+04(*!9%0*++4,,*!.(*!0%+1%!9%!
*+<.%51840!%(!2.(31;(!9%!,*0!:1:%(31*0!9%!0.!*03%(9%(31*?!
B%!%05*!24+=*/!,40!*+<.%51840!9%21%(9%(!,*!19%*!8+1(318*,!9%,!1(34(031%(5%!34,%351:4!7!
C*3%(!+%2%+%(31*!*!+%8+%0%(5*314(%0!=%(5*,%0!34=.(%0!<.%!8+%0%(5*(!549*0!,*0!8%+04(*0?!
(
(
(
(
(
(
(

#!
!
!

&CDA68:E;<(EC:7@:EB?6<(
(
@40!*+<.%51840!8+1(318*,%0!04(!.(*!0%+1%!9%!+%8+%0%(5*314(%0!1(34(031%(5%0!<.%!8*+%3%(!
5%(%+!.(!8*8%,!8+1(318*,!%(!%,!9%0*++4,,4!9%!,*!801<.%!C.=*(*?!
B%!%05%!=494/!,40!*+<.%51840!8+1(318*,%0!+%0.,5*+>*(!=E0!+%,%:*(5%0!7!&%(%+*+>*(!.(*!
=*74+!1(2,.%(31*!<.%!,40!45+40!%(!,*!9%5%+=1(*31;(!9%,!9%0*++4,,4!9%!,40!+*0&40!
34=84+5*=%(5*,%0!9%!,40!1(91:19.40?!
A(!%05%!0%(5194/!)*+,!-.(&!9%5%+=1(;!<.%!,40!31(34!*+<.%51840!8+1(318*,%0!9%,!1(34(031%(5%!
34,%351:4!9%!,*0!8%+04(*0!04(F!%,!E(1=*/!%,!E(1=.0/!,*!04=G+*/!,*!8%+04(*!7!%,!0>!=10=4?!
!
!
!
!
(
17:=B(

(
(
H(1=*!01&(1213*!%(!,*5>(!*,=*!7!0%&'(!*!,*!5%4+>*!9%,!1(34(031%(5%!34,%351:4!9%!)*+,!-.(&!
9%21(%!,*0!1=E&%(%0!*+<.%5>813*0!9%!,4!%5%+(4!2%=%(1(4!%(!%,!1(34(031%(5%!9%!.(!C4=G+%?!
A,!E(1=*!+%0.,5*!.(!*+<.%5184!<.%!+%*,1I*!.(!:>(3.,4!%(5+%!,*!34(031%(31*!9%,!74!7!%,!
1(34(031%(5%!34,%351:4/!*G+1%(94!*0>!.(*!:>*!C*3>*!%,!0>J=10=4?!
K0>!8.%0/!%,!E(1=*!%0!%,!*+<.%5184!04G+%!,*!21&.+*!2%=%(1(*/!,*!3.*,!0%!%(3.%(5+*!8+%0%(5%!
%(!%,!1(34(031%(5%!9%!,40!C4=G+%0?!L%0.,5*!.(*!1=*&%(!*+<.%5>813*!<.%!0%!%(3.%(5+*!
:1(3.,*9*!*,!8+1(31814!9%!%+40!7!+%2,%M*!,*!(*5.+*,%I*!9%!,*0!+%,*314(%0!9%!,40!C4=G+%0/!
%08%31*,=%(5%!34(!=.M%+%0?!
!
!
(
(
(
(
(

D!
!
!

(
(
(
(
17:=A<(

(
(
H(1=.0!01&(1213*!%(!,*5>(!%08>+15.!7!0%&'(!,*!5%4+>*!9%,!1(34(031%(5%!34,%351:4!C*3%!
+%2%+%(31*!*!,*0!1=E&%(%0!*+<.%5>813*0!9%!,4!%5%+(4!=*03.,1(4!%(!%,!1(34(031%(5%!9%!.(*!
=.M%+?!
A0!9%31+/!+%0.,5*!%,!*+<.%5>8134!+%,*51:4!*,!E(1=*!%(!,*!=.M%+?!K,!1&.*,!<.%!%(!0.!8*+*,%,10=4!
2%=%(1(4/!%,!E(1=.0!24+=*!.(!:>(3.,4!%(5+%!,*!34(031%(31*!9%,!74!7!%,!1(34(031%(5%!
34,%351:4!*G+1%(94!*0>!.(*!:>*!C*31*!%,!0>J=10=4?!
A,!E(1=.0!%0!.(!*+<.%5184!<.%!0%!%(3.%(5+*!:1(3.,*94!*!0.!8+1(31814!,4&40!7!+%2,%M*!,*!
(*5.+*,%I*!9%!,*!34(%61;(!34(!%,!=.(94!9%!,*0!19%*0!7!%,!%08>+15.?!$%+>*(!,*0!21&.+*0!
8*5%+(*0/!,40!C4=G+%0!2*=4040/!,*0!21&.+*0!+%,1&140*0/!,*0!21&.+*0!19%*,1I*9*0!7!,40!M;:%(%0?!
(
(
-;=>CB(

(
!
!
@*!04=G+*!%0!45+4!9%!,40!*+<.%51840!8+1(318*,%0!9%,!1(34(031%(5%!34,%351:4!<.%!8+%0%(5*!
940!01&(1213*940!912%+%(5%0?!
N!
!
!

J@*!04=G+*!+%0.,5*!.(!*+<.%5184!<.%!+%8+%0%(5*!,*!545*,19*9!9%!,4!1(34(031%(5%?!
J@*!04=G+*!C*3%!+%2%+%(31*!*,!*08%354!1(34(031%(5%!9%!,*!8%+04(*,19*9!9%!,*0!8%+04(*0/!
3*+*35%+1I*9*!84+!+*0&40!7!*3515.9%0!<.%!%,!P4!34(031%(5%!(4!+%34(43%!34=4!8+48140?!
A0!%(!%,,*!94(9%!0%!%034(9%(!*<.%,,40!=1%940!<.%!,*!8%+04(*!<.1%+%!3.G+1+!4!,40!9%2%3540!
=E0!:%+&4(I4040!9%,!0%+?!Q+*.=*0/!9%G1,19*9%0!7!=1%940!04(!,*!8*+5%!=E0!403.+*!9%!3*9*!
8%+04(*/!*<.%,,*0!<.%!*!549*!3405*!<.1%+%(!%:15*+!0.!0*,19*!*!,*!,.I?!
(
46C<;7B(

(
(
(
@*!8%+04(*!+%0.,5*!.(!*+<.%5184!*(5*&;(134!*!,*0!04=G+*0?!A0!9%31+/!C*3%!+%2%+%(31*!*!,*!
:%+51%(5%!1(34(031%(5%!9%!.(4!=10=4!<.%!0%!<.1%+%!34=8*+51+!34(!,40!9%=E0?!
@*!8%+04(*!*+<.%5>813*!%(&,4G*!54940!%040!%,%=%(540!1(34(031%(5%0!<.%!.(4!=10=4!
*9485*!34=4!8*+5%!9%!0.!1=*&%(!8'G,13*?!@40!*08%3540!+%2%+%(5%0!*,!*+<.%5184!8%+04(*!
%05E(!34(04(*(31*!34(!,*!8*+5%!34(031%(5%!9%,!1(91:19.4/!84+!,4!<.%!%,!1(91:19.4!,4!.51,1I*!
34=4!8*+5%!9%21(154+1*!9%!0>!=10=4?!
A0!,*!1=*&%(!<.%!0%!<.1%+%!8+47%35*+!*!,40!9%=E0!34(!549*0!0.0!:1+5.9%0!7!84340!9%2%3540?!
Q494!1(91:19.4!G.03*!3+%*+!.(*!%08%31%!9%!8%+04(*M%!+%34(431G,%!8*+*!,*!0431%9*9!34(!%,!
<.%!0%*!19%(51213*94!7!9%!0%+!8401G,%!*9=1+*94?!
!
(
-RF=:<=;(

!
R1(*,=%(5%/!%,!<.1(54!*+<.%5184!8+1(318*,!9%!)*+,!-.(&!%0!%,!0>J=10=4/!%,!3.*,!%0!9%21(194!
34=4!%,!*+<.%5184!3%(5+*,!9%,!1(34(031%(5%!34,%351:4?!
A05%!*+<.%5184!+%8+%0%(5*!%,!',51=4!8*04!9%,!8+43%04!9%!1(91:19.*,1I*31;(!9%!,*!8%+04(*?!
A(!%05%!0%(5194/!0%!%(51%(9%!<.%!%,!0>J=10=4!+%0.,5*!,*!1=*&%(!*+<.%5>813*!9%!,*!545*,19*9/!
:1:%(31*9*!34=4!849%+!5+*(08%+04(*,!<.%!34(21%+%!*!,*!:19*?!

O!
!
!

!
!
!
&CDA68:E;<(-6@A79BC:;<(
!B(/B9C6(

(
(
T*+*!-.(&/!%,!*+<.%5184!9%!,*!U*9+%!(40!8%+=15%!9%5%35*+!34(9.35*0!%!1=E&%(%0!
+%,*314(*9*0!34(!,*!=*5%+(19*9!5*,!7!34=4!,*!C*(!194!%68%+1=%(5*(94!(.%05+40!*(3%05+40?!
!
(
"?(4B9C6(

(
A,!*+<.%5184!9%,!T*9+%!+%8+%0%(5*!8*+*!-.(&!.(*!21&.+*!9%!*.54+19*9!<.%!42+%3%!.(*!&.>*!
04G+%!3;=4!:1:1+!,*!:19*!G*0E(940%!%(!0.!%M%=8,4?!
!
S!
!
!

"?(QSC;6(

(
(
A,!WX+4%!%0!.(*!21&.+*!9%!849%+!<.%!0%!3*+*35%+1I*!84+!,.3C*+!34(5+*!,*!$4=G+*/!%0!9%31+/!
<.%!=*(51%(%!*!+*7*!5494!*<.%,,4!<.%!(4!9%G%!1(:*91+!,*!%02%+*!0431*,!8*+*!<.%!%,!
34(M.(54!(4!0%!:%*!8%+M.913*94?!K9%=E0/!%,!WX+4%!%0!1&(4+*(5%/!7*!<.%!0.!9%5%+=1(*31;(!
,%!,,%:*!*!(4!8*+*+0%!*!+%2,%614(*+!34(51(.*=%(5%!*3%+3*!9%!,*!(*5.+*,%I*!9%!,4!<.%!
34=G*5%?!
!
!
"?(-B>:;(

(
$.!8*8%,!%0!+%:%,*+,%!*,!WX+4%!%,!1(34(031%(5%!34,%351:4?!B%!*,&'(!=494/!%,!*+<.%5184!<.%!
+%31G%!%,!(4=G+%!9%,!$*G14!*++4M*!,.I!04G+%!,*!0%(9*!9%,!WX+4%?!
!
(
"?(.C:@T<86C(

(
V!
!
!

(
A,!*+<.%5184!9%,!Q+13Z05%+/!4!%,!%=G*.3*94+/!%0!%,!<.%!1(5+49.3%!,*0!G+4=*0!7!,*!:14,*31;(!
9%!,*0!(4+=*0!8+%%05*G,%319*0!8*+*!=405+*+!C*05*!<.X!8.(54!,*0!,%7%0!<.%!%68,13*(!,*0!
340*0!04(!:.,(%+*G,%0?!T4(%!5+*=8*0!7!8*+*94M*0!%(!,*!0%(9*!9%,!WX+4%?!
+
1)*+23+4"#$%&'()*+,%+(%"*)546',4,+,%+-$57+
+
-B>:;(
A,!0*G14!+%8+%0%(5*!*!%0%!,1G+%8%(0*94+!<.%!C*3%!9%,!1(5%,%354!7!9%!,40!34(431=1%(540!0.!
8+1(318*,!+*I;(!9%!0%+!7!2.(9*=%(54?!@*!1(5%,1&%(31*!7!,*!3*8*319*9!9%!*(E,1010!04(!8*+*!X,!
,*!:>*!+%&1*!8*+*!%(5%(9%+0%!*!0>!=10=4!7!%(5%(9%+!*,!=.(94?!)4++%084(9%!*!<.1%(!
01%=8+%!51%(%!*!=*(4!.(!9*54/!.(*!315*!4!.(!*+&.=%(54!,;&134?!
!
UN(*7;@6786(
A,!1(43%(5%!%0!*<.%,!<.%!8*+%3%!C*G%+!,%>94!54940!,40!,1G+40!9%!*.54*7.9*!<.%!%6105%(!%(!
%,!=.(94!7!C*G%+,40!34(:%+5194!%(!0.!KB[?!A0!4851=105*!7!G.03*!,*!2%,1319*9?!@%!:%!%,!,*94!
G.%(4!*!5494?!\.1%+%/!*9%=E0/!0%(51+0%!8%+2%35*=%(5%!*9*85*94!*,!=.(94?!\.1%+%!
5*=G1X(!34=8,*3%+/!8%+5%(%3%+/!0%+!+%34(43194!84+!,40!9%=E0?!
!
"OE?;CB9;C!
A05%!%0!.(4!9%!,40!"#!*+<.%51840!9%!8%+04(*,19*9!<.%!34++%084(9%!*,!:1*M%+4!40*94?!"?(DA6(
6=EC6796(6?(@B=:7;(<:7(8CBGBC(A7B(CA8B(96L:7:9BH(B>:6C8;(<:6=EC6(B(?B(7;I69B9!7!*!,*!
*:%(5.+*?!Q1%(%!.(!*2E(!8+42.(94!9%!9%03.G+1+!7!9%!9%03.G+1+0%!*!0>!=10=4?!A(!0.!2*3%5*!
(%&*51:*!%0!5*=G1X(!%,!G.03*94+!9%!,4!19%*,!<.%!M*=E0!%05E!0*5102%3C4?!
!
$;>6C7B786!
A,!&4G%+(*(5%!34++%084(9%!*,!,>9%+!3,E0134/!*<.%,!<.%!0%!34(019%+*!%,!,,*=*94!*!84(%+!,*0!
+%&,*0!9%!M.%&4!%(!3.*,<.1%+!015.*31;(?!"<8B>?6(P(EC6;@AEB9;(E;C(?B(6O@6?67@:BH(DA:6C6(
DA6(?;<(96=V<(WBJB7(?;(DA6(S?(9:@6(P(<A6?6(8676C(=;8:I;<(96(<;>CB(EBCB(6O:J:C?;?!A0!.(4!
9%!,40!"#!*+<.%51840!9%!,*!8%+04(*,19*9!+%,*314(*940!34(!%,!849%+/!<.%!5*=G1X(!8.%9%!
,,%&*+!*!0%+!9X0845*!%(!0.!*2E(!84+!1=84(%+0%?!
!
+C6B9;C!
A,!3+%*94+!51%(%!.(*!8+42.(9*!*(01*!9%!,1G%+5*9!84+<.%!*=*!,4!(4:%9404?!!6(67@B78B(
8CB7<L;C=BC(EBCB(WB@6C(<ACJ:C(B?J;(8;8B?=6786(7A6I;H(DA6(867JB(<A(<6??;?!A0!43.++%(5%/!
1(34(24+=%!7!*.540.2131%(5%?!)4(!=.3C*!1=*&1(*31;(/!%05E!,,%(4!9%!&%(1*,19*9?!K!:%3%0!%0!
1(34(05*(5%!7!81%(0*!=E0!9%!,4!<.%!C*3%?!
!
+A:9B9;C!
-6(<:6786(=V<(LA6C86(DA6(?;<(96=V<(P(E;C(6<;(EC;9:JB(A7B(EC;86@@:M7(@B<:(=B86C7B?(
<;>C6(DA:676<(?6(C;96B7?!B%0%*!%:15*+!3.*,<.1%+!9*]4!8*+*!<.1%(%0!%05E(!G*M4!0.!X&19*!7!
8+%5%(9%!%:15*+!<.%!3.*,<.1%+!+1%0&4!4!8%,1&+4!*=%(*3%!,*!1(5%&+19*9!4!2%,1319*9!9%!,40!

Y!
!
!

9%=E0?!$1!(4!0%!34(5+4,*/!0%!34(:1%+5%!%(!%,!=E+51+!<.%!%3C*!%(!3*+*!*!,40!9%=E0!0.0!
0*3+1213140?!
/BJ;!
"?(=BJ;(6<(6DA:IB?6786(B?(JCB7(C6I;?A@:;7BC:;N(26J676CB(P(C67A6IBH(7;(<;?;(EBCB(<R(
=:<=;H(<:7;(8B=>:S7(EBCB(?;<(96=V<?!_,!=10=4!%05E!%(!34(05*(5%!8+43%04!9%!
5+*(024+=*31;(!7!3+%31=1%(54?!A(!0.!2*3%5*!(%&*51:*!%0!.(!%(2%+=4!<.%!%(2%+=*!*!,40!
9%=E0?!K!:%3%0!,,%&*!*!34(:%+51+!,40!0.3%040!840151:40!%(!C%3C40!(%&*51:40?!
QSC;6!
A,!%M%!9%!,*!:19*!9%,!CX+4%!%0!%,!849%+?!.:676(A7B(I:8B?:9B9(P(A7B(C6<:<867@:B(96<@;=A7B?6<(
DA6(6=E6XB(67(?A@WBC(E;C(6?(E;96C(=:<=;(;(E;C(6?(W;7;C?!T+%21%+%!3.*,<.1%+!340*!*(5%0!
<.%!8%+9%+?!B%!C%3C4/!(4!81%+9%!84+<.%!(4!0%!+1(9%?!T49+>*!0%+!9%=*01*94!*=G131404!7!
34(5+4,*94+?!
!
Y;CBZ:9;!
A,!24+*M194!%0!45+4!9%!,40!"#!*+<.%51840!9%!8%+04(*,19*9!9%!-.(&!<.%!(40!C*G,*!9%!
+%G%,9>*?!"<86(6<(A7(8CB7<JC6<;CH(EC;I;@B9;C(P(@;=E?68B=6786(:796E679:6786(96(?B(
;E:7:M7(96(?;<(96=V<?!B%!C%3C4/!,%!*&+*9*!1+!%(!34(5+*!7!81%(0*!34(!3*G%I*!8+481*/!(4!84+!
1(2,.%(31*!(1!84+!8+%01;(?!A(!0.!2*3%5*!(%&*51:*!0%!54+(*!BA8;96<8CA@8:I;?!
!
&=B786!
A,!*=*(5%!%0!5494!34+*I;(/!5494!0%(01G1,19*9?!&=B(6?(B=;C(P(E;C(6<;(9:<LCA8B(
EC;9:JV79;?;N(#;(<;?;(6?(B=;C(C;=V78:@;H(<:7;(8;9B(L;C=B(96(B=;C?!$.!=*74+!913C*!%0!
0%(51+0%!*=*94?!B102+.5*!9%!,*!G%,,%I*/!,*!%05X513*!7!,40!0%(51940/!9%!=*(%+*!+%21(*9*?!W*3%!
9%!,4!G%,,4/!%(!%,!0%(5194!*=8,14/!.(!:*,4+!0.8%+,*51:4?!
!
0ALM7!
K,!*+<.%5184!9%,!G.2;(!5*=G1X(!0%!,%!34(43%!34=4!%,!*+<.%5184!9%,!,434?!"?(?;@;(67<6XB(B(
C6RCH(:7@?A<;(96(7;<;8C;<(=:<=;<N(#;(8:676(=V<@BCB<!7!0.%,%!9%084M*+!9%!0.!=E03*+*!*!,40!
9%=E0?![4!0%!54=*!%(!0%+14/!84+<.%!,4!0.74!%0!9102+.5*+!9%!,*!:19*?!A(!0.!2*3%5*!(%&*51:*!
8.%9%!0%+!,1G191(404/!:*&4!7!&,45;(?!
!
QASCLB7;!
A,!C.X+2*(4!%0!*<.%,!<.%!,,%:*!C%+19*0!<.%!(4!,4&+*!3%++*+?!-6(<:6786(8CB:@:;7B9;(;(
96@6E@:;7B9;N(3A:6C6(DA6(;8C;<(<6(WBJB7(@BCJ;(96(S?(P(@;=;(6<8;(7;(<A@696H(
6OE6C:=678B(96<:?A<:M7?!$.%,%!.(1+0%!*!45+40!<.%!01%(5*(!34=4!X,?!$%!:1351=1I*?!K(5%!,40!
9%=E0!0%!=.%05+*!34=4!%,!1(43%(5%/!8%+4!51%(%!.(!5*,*(5%!3>(134?!
!

^!
!
!

!
!
(

"`!
!