Professional Documents
Culture Documents
(PDF) El Intraemprendimiento en Las Peq..
(PDF) El Intraemprendimiento en Las Peq..
ÿÿÿÿÿÿ7ÿÿÿÿÿÿ
"ÿHGJÿ
5ÿHGJ "ÿ 30ÿX 5ÿ! 8ÿHÿH
* +ÿ, -ÿ. +
.
ÿ./$
ÿÿÿÿÿ7ÿÿÿÿÿÿ
$0ÿ1610ÿ1ÿ,23ÿ4.567ÿ ÿÿ-ÿ8ÿ8190
7083
+2706#91662#0':#6810#%
;7ÿ3/4ÿ/<ÿ0ÿ
=>?@ABCD
YMSZBPTÿ[MOPBV
\/0ÿHÿ,ÿÿ3
5Hÿ9%6 ÿ90
.$ÿÿ
5ÿ+$;/7ÿÿEÿÿÿ/ÿÿ LMCNAOPBÿ?@PÿRABSTUC
ÿÿÿFÿÿÿ0ÿÿ BPCPVBN@
<ÿÿÿÿÿÿG$<ÿÿÿ#
ÿÿ!;ÿÿÿ!ÿÿ/<ÿÿÿÿÿ <ÿ0ÿ 16Wÿ
$;#ÿ4E7ÿ$;ÿÿÿÿÿÿÿÿ $
ÿ/ÿ0ÿ/4ÿÿÿÿFÿÿH
EÿÿÿÿÿÿH<ÿ#ÿ7$I 0%8Wÿ
ÿ/ÿÿE4ÿÿ <ÿ0ÿÿHJ<ÿÿ;ÿÿFÿÿ $
ÿÿÿÿÿÿÿÿÿ# 966XWÿ8ÿH!ÿH
57ÿÿÿÿÿÿÿF ;
ÿÿÿÿÿÿ4ÿÿÿE
ÿÿÿÿHÿÿÿÿJÿÿ4ÿ
ÿÿ$;/ÿÿ0ÿÿ0ÿÿ/ÿÿ
$;#ÿÿÿ/ÿÿÿÿ4ÿÿ/ÿ
ÿÿÿÿÿÿÿ<ÿ0ÿ!ÿ
<ÿIÿ$ÿÿÿ!;ÿÿÿÿÿÿE#
2ÿF7ÿÿÿÿÿÿÿFÿÿ
Iÿ0ÿ<ÿÿÿ!4ÿÿ/ÿ
ÿÿÿHÿÿÿÿ#
5<
Fÿ)
ÿGÿÿ$0ÿKHÿ5/ .!ÿ
3ÿ0ÿ$ÿ$;ÿÿ0!#
$ÿGJÿ0
3ÿÿ$0ÿKHÿ5/ .!ÿ
3ÿ0ÿ$ÿ$;ÿÿ0!#
]^_`ÿbcdefgÿ]`hihj_`^ÿcikÿlm^_if^^ÿnhmdico
pqrsÿuvwÿxsyÿzwÿ{x{|q}~|rÿvvzwÿ{uvz
!722"""#!#2$2%&36'%308((((((((((() 020&
01232114ÿ61786 9
ÿÿÿÿÿÿ7ÿÿÿÿÿÿ
hBÿEFC;>>K==9NH
"ÿÌÍÎÿ
FEL=>@9EFCDFE9NE
:iÿ99F:;;CAÿD9EFCÿ:Bÿ=D:9ÿHÿ@9=I:AC9ÿJÿ=:ÿ
ÏÿÌÍÎ "ÿ ÐÑÿÒ
9FÿH9IA9J=:ÿ9NH>9:=:
bE=F=ÿjEN9F=ÿkMF@U9Lÿ_>P@U9Ll
mnopqrstoÿvoswxyzs{qysqÿpxÿ|}~qo
EF9;Uÿ=K=BOÿ9>PFÿ?C:
voswxyzspqpÿpx
ÿqnrq
EB^>9Dÿ=REMFÿEG9>=ÿ=>;?F9L
xo{y}ÿpxÿxzqyy}
}ÿxro}
tsr}ÿ
9@EREDCiÿ¥ÿ=@9H;=DCiÿ¥ÿHARBE@=DCiÿ
*+,-.+/
012+34567ÿ9:;9ÿ=>;?@ABCÿ9:;ADE=ÿB=:ÿEFE@E=;EG=:ÿD9ÿH9IA9J=:ÿC>K=FEL=@ECF9:ÿHC>ÿ=D9B=F;=>ÿ
H>M@;E@=:ÿD9ÿEF;>=9NH>9FDENE9F;CÿOÿ@CF:ED9>=ÿB=ÿH9>@9H@EPFÿD9ÿBC:ÿ9NHB9=DC:ÿ9Fÿ:Aÿ@CF;>EQ
RA@EPFÿ=Bÿ@>9@ENE9F;Cÿ9NH>9:=>E=BSÿT>CHCF9ÿAF=ÿUCV=ÿD9ÿ>A;=ÿU=@E=ÿAF=ÿGE:EPFÿ@CNH=>;ED=ÿ
D9ÿB=ÿ=B;=ÿDE>9@@EPFÿOÿBC:ÿ;>=R=V=DC>9:S
W+36X6Y6Z[\7ÿÿR=VCÿBC:ÿH>EF@EHEC:ÿD9Bÿ9:;ADECÿD9ÿ@=:Cÿ:9ÿ=F=BEL=FÿD=;C:ÿ@A=F;E;=;EGC:ÿOÿ
@A=BE;=;EGC:]ÿ:E9FDCÿAFÿH>C@9:CÿDEFMNE@CÿIA9ÿED9F;E^E@=ÿ@=;9KC>?=:ÿ9N9>K9F;9:ÿD9:D9ÿAF=ÿ
N=;>ELÿD9ÿ@B=:E^E@=@EPFÿH>CHE=Sÿ_=NRÈFÿH9>NE;9ÿGEF@AB=>ÿB=ÿ;9C>?=]ÿB=ÿ=@@EPFÿOÿB=ÿ>9^B9aEPFÿ
H=>=ÿN9VC>=>ÿB=ÿH>M@;E@=ÿD9ÿBC:ÿNE@>C9NH>9:=>EC:ÿ=Bÿ=:ANE>ÿ9BÿEF;>=9NH>9FDENE9F;Cÿ@CNCÿ
H=>;9ÿD9ÿ:Aÿ9NH>9:=S
*+,-Y3\X6,7ÿBC:ÿ>9:AB;=DC:ÿD9;9>NEF=FÿIA9ÿ9BÿEF;>=9NH>9FDENE9F;Cÿ9:;Mÿ=:C@E=DCÿ@CFÿ9Bÿ
9NHCD9>=NE9F;CÿD9ÿBC:ÿ9NHB9=DC:]ÿ:E9FDCÿAF=ÿ@=>=@;9>?:;E@=ÿIA9ÿ:9ÿ@CF:CBED=ÿD9ÿ^C>N=ÿ
H=>=B9B=ÿ=ÿB=ÿ9aH9>E9F@E=ÿD9Bÿ9NH>9:=>EC]ÿ=Bÿ@ANHBENE9F;CÿD9ÿCRV9;EGC:ÿ9NH>9:=>E=B9:ÿOÿ=Bÿ
H>CO9@;CÿD9ÿGED=ÿD9ÿBC:ÿ;>=R=V=DC>9:Sÿb9:D9ÿB=ÿH9>:H9@;EG=ÿD9ÿB=:ÿ9NH>9:=:ÿ9:;ADE=D=:]ÿ:9ÿ
9GED9F@E=ÿB=ÿF9@9:ED=DÿD9ÿ@CF:ED9>=>ÿ9BÿEF;>=9NH>9FDENE9F;Cÿ9FÿB=ÿC>K=FEL=@EPFÿOÿU=@9>ÿAF=ÿ
HB=F9=@EPFÿ9:;>=;`KE@=ÿR=:=D=ÿ9FÿB=ÿUCV=ÿD9ÿ>A;=ÿH>CHA9:;=ÿ9Fÿ9:;9ÿ=>;?@ABCS
c.dY4e\e46/+,ÿdfge34e\,7ÿ9Bÿ9:;ADECÿ9:ÿD9ÿA;EBED=Dÿ9FÿM>9=:ÿD9ÿDE>9@@ECF=NE9F;Cÿ9:;>=;`KE@Cÿ
OÿK9:;EPFÿD9ÿ>9@A>:C:ÿUAN=FC:]ÿH9>NE;E9FDCÿGE:A=BEL=>ÿ9BÿEF;>=9NH>9FDENE9F;Cÿ@CNCÿAF=ÿ
^C>N=ÿD9ÿ9:;ENAB=>ÿ9BÿBED9>=LKCS
lÿA;
C>ÿD9ÿ@C>>9:HCFD9F@E=Sÿ9QN=EBiÿDE=F=S:=F@U9LDC@9F;9S^AHS9DAS@C
kkÿQÿÿ9QkkÿQ
ÿhkÿhDE;C>E=B]ÿhkÿ A:EF9::ÿ¡ÿ=>¢9;EFKÿk@UCCB
b£iÿS9:E@NSSS
U;;Hi¤¤¤S9:E@S9DA9:E@N=>¢9;
ÿ ¦§¨©¨ÿ«§¬©¨ÿ®¯©°±²ÿ³´µ°±²ÿ¶·ÿ¹º»
¼\Y\1f\,ÿeY\5+7ÿEF;>=9NH>9FDENE9F;C¥ÿDE>9@@ECF=NE9F;Cÿ9:;>=;`KE@C¥ÿK9:;EPFÿD9ÿBC:ÿ>9@A>:C:ÿ
UAN=FC:¥ÿNE@>C9NH>9:=>EC:¥ÿ9NHCD9>=NE9F;CÿB=RC>=BS
½¾X4Z6,ÿ¿ÀÁ7ÿ]ÿS
kMF@U9Lÿ_>P@U9L]ÿbSÿjS]ÿ9>PFÿ?C:]ÿSÿS]ÿOÿEG9>=ÿ=>;?F9L]ÿSÿS]ÿ]ÿhBÿEF;>=9NQ
H>9FDENE9F;Cÿ9FÿB=:ÿH9IA9J=:ÿC>K=FEL=@ECF9:iÿ9:;ADEC:ÿD9ÿ@=:Cÿ9FÿH9IA9J=:ÿ9NH>9:=:]ÿzsrÿ
ÂqyÃx{ÿr}o}ÄsrzÿqopÿÅnzsoxzzÿÆ}nyoq
ÇÿÈÉ]ÿ9SÿbCEiÿS9:E@NSSS
ÊËÿc/3f6X-ee4¾/
hFÿ9BÿMNRE;Cÿ=@=D`NE@Cÿ:9ÿU=ÿEF@C>HC>=DCÿAFÿFA9GCÿ@CF@9H;CÿD9ÿ>9@E9F;9ÿD=;=ÿ9Fÿ
B=:ÿ9NH>9:=:iÿ9BÿEF;>=9NH>9FDENE9F;C]ÿIA9ÿ=NHB?=ÿ9BÿH=FC>=N=ÿ9NH>9:=>E=Bÿ;>=DE@ECQ
F=BÿD9ÿAF=ÿ^EKA>=ÿ:AH9>EC>ÿIA9ÿ;CN=ÿB=:ÿD9@E:ECF9:ÿD9ÿ^C>N=ÿD9BER9>=D=]ÿH=:=FDCÿ=ÿ
EFGCBA@>=>ÿD9ÿN=F9>=ÿ=@;EG=ÿBC:ÿ9IAEHC:ÿD9ÿ;>=R=VCÿD9ÿB=ÿC>K=FEL=@EPFSÿh:;9ÿ9:ÿAFÿ;EHCÿ
D9ÿ=@;EGED=Dÿ9NH>9FD9DC>=ÿ9:;>=;`KE@=ÿIA9ÿ:9ÿA:=ÿH=>=ÿBCK>=>ÿ9Bÿ`aE;CÿC>K=FEL=@ECQ
!722"""#!#2$2%&36'%308((((((((((() 120&
01232114ÿ61786 9
ÿÿÿÿÿÿ7ÿÿÿÿÿÿ
*+,ÿ./0./ÿ.10ÿ/*2134/05ÿ/,ÿ216/*71ÿ./ÿ*/819:10ÿ+,7/;*10ÿ+ÿ,+0ÿ+97:<:.+./0ÿ,+=1;+,/0ÿ
",:
ÿ.
/
;
+
.
1ÿ>1;ÿ,10ÿ7;+=+?+.
ÿ
1;/0@ÿÿAÿ/,ÿ0/84*.1@ÿ/6>;
/*"
.:6:
/ÿ*7
1
ÿ
9
1;>1;+7:<1ÿ8/*
/;+*ÿ.1ÿ
*4/<+0ÿ21;6+0ÿ./ÿ*/819:1ÿ/*ÿ/,ÿ:*7/;:1;ÿ./ÿ,+ÿ1;8+*:B+9:C*ÿDE0>:*+@ÿF9107+GH;+.1ÿAÿ
I+07;:,,C*@ÿJKLMNOÿ
I1*ÿ/07+ÿ/07;+7/8:+ÿ0/ÿ.+ÿ4*ÿ401ÿ/2:9:/*7/ÿ./ÿ,10ÿ;/94;010ÿ.:0>1*:=,/0@ÿ/0ÿ4*+ÿ1>1;G
74*:.+.ÿ./ÿ9;/9:6:/*71ÿAÿ/6>1./;+6:/*71ÿ/6>;/0+;:+,@ÿ1=7/*:/*.1ÿ*4/<+0ÿ4*:.+./0ÿ
./ÿ*/819:1ÿ,:./;+.+0ÿ>1;ÿ040ÿ91,+=1;+.1;/0ÿ91*ÿ8+*+*9:+0ÿ+.:9:1*+,/0ÿ>+;+ÿ+6=10ÿ1ÿ
>+;+ÿ/,ÿ91,+=1;+.1;OÿH1;ÿ,1ÿ7+*71@ÿ0/ÿ./=/ÿ+>4*7+;ÿP+9:+ÿ/,ÿ.:0/Q1ÿ./ÿ1;8+*:B+9:1*/0ÿ
34/ÿ2+9:,:7/*ÿ,+ÿ94,74;+ÿ./ÿ:*7;+/6>;/*.:6:/*71ÿDF*84,1ÿR+*8/,@ÿS;+9P1ÿT+<+;;1@ÿAÿ
R1.;U84/BÿVW;34/B@ÿJKJKNO
H+;+ÿ+471;/0ÿ9161ÿXW,</BÿF,=+;;+9U*ÿDJKLLN@ÿ/,ÿ:*7;+/6>;/*.:6:/*71ÿ*1ÿ01,1ÿ
8/*/;+ÿ/Y9/./*7/0@ÿ0:*1ÿ34/ÿ91*7;:=4A/ÿ./ÿ6+*/;+ÿ>+;7:9:>+7:<+ÿ+,ÿ/*71;*1@ÿ;/,+G
9:1*+*.1ÿ,+ÿ94,74;+ÿ./,ÿ:*7;+/6>;/*.:6:/*71ÿAÿ,+ÿ:**1<+9:C*@ÿ,18;+*.1ÿ;/04,7+.10ÿ
0:8*:2:9+7:<10ÿ/*ÿ040ÿ>;19/010ÿ>;1.497:<10ÿAÿ./ÿ8/07:C*OÿZ071ÿ./0./ÿ4*ÿ/*2134/ÿ8,1=+,@ÿ
34/ÿ8/07:1*+ÿ,+0ÿ;/,+9:1*/0ÿ/*ÿ;/.ÿ9,+</0ÿ>+;+ÿ/,ÿ9;/9:6:/*71ÿ./ÿ,+ÿ1;8+*:B+9:C*OÿZ,ÿ
/074.:1ÿ./ÿS+,,/07/;10ÿAÿR/07;/>1G[U+BÿDJKL\Nÿ64/07;+ÿ34/ÿ7+6=:]*ÿ>10:=:,:7+ÿ+99:1G
*/0ÿ8/;/*9:+,/0ÿ916>+;7:.+0O
Fÿ>/0+;ÿ./ÿ,10ÿ8;+*./0ÿ=/*/2:9:10ÿ34/ÿ+>1;7+ÿ/,ÿ:*7;+/6>;/*.:6:/*71@ÿ,10ÿ7;+=+?10ÿ
;/,+9:1*+.10ÿ91*ÿ04ÿ:6>,/6/*7+9:C*ÿ/*ÿ6/.:+*+0ÿAÿ>/34/Q+0ÿ/6>;/0+0ÿ01*ÿ>1910ÿ
D^/,W034/BÿE9P1+@ÿJKL_ÿ̀S+,,/07/;10ÿAÿR/07;/>1G[U+B@ÿJKL\ÿ̀XW,</BÿF,=+;;+9U*@ÿ
JKLLNOÿF./6W0@ÿ/*ÿ/,ÿW6=:71ÿ+9+.]6:91ÿ0/ÿ>/;9:=/ÿ:*2,4/*9:+ÿ./ÿ,+ÿ91*9/>9:C*ÿ./ÿ
/6>;/*.:6:/*71ÿ7;+.:9:1*+,ÿ0:*ÿ91*7+;ÿ/,ÿ91*7/Y71ÿ.1*./ÿ0/ÿ./0/*<4/,</*ÿ,+0ÿ:./+0ÿ
./ÿ*/819:1ÿ̀>+U0/0ÿ9161ÿI1,16=:+ÿ,,/<+*ÿ<+;:+0ÿ.]9+.+0ÿ=+?1ÿ/,ÿ61./,1ÿ9,W0:91ÿAÿ
?/;W;34:91ÿ./ÿ>10:9:C*@ÿ/*ÿ.1*./ÿ,+0ÿ6]7;:9+0ÿ47:,:B+.+0ÿ71.+<U+ÿ*1ÿ+,:6/*7+*ÿ9+6G
=:10ÿ1=0/;<+=,/0ÿDa/;*W*./BGS/,+<+,@ÿJKJKNO
b1ÿ+*7/;:1;ÿ.+ÿ94/*7+ÿ./ÿ,+ÿ;/,/<+*9:+ÿ./ÿ/074.:+;ÿ/,ÿ>/*0+6:/*71ÿAÿ1;8+*:B+9:C*ÿ
./ÿ,+0ÿ6/.:+*+0ÿAÿ>/34/Q+0ÿ/6>;/0+0ÿ./ÿ7/;;:71;:10ÿ9161ÿ/,ÿI+49+@ÿ/*ÿ/,ÿ04;199:./*7/ÿ
cdÿfghijklmikgnflfkghoÿkgÿdjpÿmkqrksjpÿoitjgfujvfogkpw LML
91,16=:+*1@ÿ/*ÿ/0>/9:+,ÿ/*ÿ0/971;/0ÿ91*19:.10ÿAÿ./ÿ:*7/;]0ÿ>+;+ÿ/,ÿ./>+;7+6/*71@ÿA+ÿ
34/ÿ01*ÿ;/.49:.10ÿ,10ÿ/074.:10ÿ>;/<:10ÿ;/,+9:1*+.10ÿ34/ÿ>/;6:7+*ÿ/<:./*9:+;ÿ,+ÿ>/;G
9/>9:C*ÿ./ÿ,10ÿ/6>;/0+;:10ÿAÿ040ÿ91,+=1;+.1;/0ÿ2;/*7/ÿ+ÿ04ÿ/6>;/*.:6:/*71ÿAÿ>;1G
A/99:C*@ÿAÿ01=;/ÿ,10ÿ6/9+*:0610ÿ>+;+ÿ34/ÿ/,ÿ:*7;+/6>;/*.:6:/*71ÿ+>1;7/ÿ+ÿ04ÿ<:0:C*ÿ
./ÿ2474;1OÿH/0/ÿ+ÿ,1ÿ+*7/;:1;@ÿAÿ9161ÿ/?/6>,1@ÿ0/ÿ>1.;U+*ÿ9:7+;ÿ+,84*10ÿ/024/;B10ÿ./ÿ
9164*:.+./0ÿ./,ÿ*1;7/ÿ./,ÿI+49+ÿ/*ÿ,+0ÿ34/ÿ0/ÿP+9/ÿ6+*:2:/071ÿ/,ÿ:*7/;]0ÿ>1;ÿ+>;1G
</9P+;ÿ,10ÿ,:6:7+.10ÿ;/94;010ÿ34/ÿ/,ÿ/*71;*1ÿ12;/9/ÿ>+;+ÿ8/*/;+;ÿ/6>;/*.:6:/*710ÿ
+019:+.10ÿ91*ÿ,+0ÿB1*+0ÿ>;1.497:<+0ÿ+,1?+.+0ÿ./0./ÿ,+ÿ]>19+ÿ./ÿ,+ÿ,/AÿHW/BÿDF,1*01ÿ
X1*BW,/B@ÿJKKMNOÿZ0ÿ:6>1;7+*7/ÿ./07+9+;ÿ34/ÿ/07/ÿ./>+;7+6/*71@ÿ4*1ÿ./ÿ,10ÿxJÿ34/ÿ
916>1*/*ÿ,+ÿ8/18;+2U+ÿ*+9:1*+,@ÿ0/ÿ9+;+97/;:B+ÿ>1;ÿ04ÿ;:34/B+ÿ]7*:9+ÿAÿ>,4;:94,74;+,@ÿ
;/>;/0/*7+.+ÿ>1;ÿ04ÿ>1=,+9:C*ÿ:*.U8/*+@ÿ6/07:B+ÿAÿ+2;1./09/*.:/*7/OÿF0Uÿ6:061@ÿ
94/*7+ÿ91*ÿ,+ÿ>+;7:94,+;:.+.ÿ./ÿ4*+ÿ>1=,+9:C*ÿ>;:*9:>+,6/*7/ÿ;4;+,ÿDMyzÿ0/8{*ÿ
/,ÿ[/>+;7+6/*71ÿF.6:*:07;+7:<1ÿT+9:1*+,ÿ./ÿZ07+.U07:9+ÿ[FTZ@ÿJKL|@ÿ>OÿJNÿAÿ4*ÿ
>1;7+21,:1ÿ/6>;/0+;:+,ÿ<+;:+.1ÿ/*ÿ<:;74.ÿ./,ÿ+6>,:1ÿ7/?:.1ÿ>;1.497:<1ÿ/*ÿ/,ÿ*1;7/ÿ./,ÿ
I+49+ÿ+ÿ>+;7:;ÿ./ÿ,+ÿ9:7+.+ÿ,/AÿHW/B@ÿ34/ÿ216/*7Cÿ/*ÿ,+ÿ.]9+.+ÿ./ÿ,10ÿ_Kÿ,+ÿ:*07+,+9:C*ÿ
./ÿ/6>;/0+0ÿ/*ÿ/07+ÿB1*+ÿ./,ÿ./>+;7+6/*71O
H1;ÿ17;+ÿ>+;7/@ÿ0:ÿ=:/*ÿ/Y:07/*ÿ7;+=+?10ÿ./ÿ8;+.1ÿ./ÿ/074.:+*7/0ÿ4*:</;0:7+;:10ÿ34/ÿ
+>1;7+*ÿ;/,+9:C*ÿ91*ÿ/,ÿ/074.:1ÿ./ÿ.:+8*C07:910ÿ./ÿ/6>;/0+0ÿAÿ+,84*+0ÿ<+;:+=,/0@ÿ0/ÿ
;/34:/;/ÿ./ÿ6W0ÿ/074.:10ÿ6:Y710ÿ34/ÿ./*ÿ4*+ÿ<:0:C*ÿ94+,:7+7:<+ÿAÿ94+*7:7+7:<+ÿ./ÿ,+ÿ
7/6W7:9+Oÿ}/ÿ./07+9+ÿ/,ÿ9+01ÿ>,+*7/+.1ÿ>1;ÿF,9+;+BÿV4Q:BÿAÿH+071;ÿH];/BÿDJKL_N@ÿ94A1ÿ
>;1>C0:71ÿ24/ÿ:./*7:2:9+;ÿ,+ÿ:*2,4/*9:+ÿ./ÿ,+ÿ9164*:9+9:C*ÿ/*ÿ/,ÿ:*7;+/6>;/*.:6:/*71ÿ
34/ÿ/?/;9/*ÿ,10ÿ>;12/01;/0ÿ./ÿ4*+ÿ:*07:749:C*ÿ>{=,:9+ÿ./ÿ/.49+9:C*ÿ04>/;:1;ÿD~Z}Nÿ>1;G
34/ÿ9161ÿ/0/ÿ0UÿP+Aÿ<+;:+0ÿ:*</07:8+9:1*/0ÿ34/ÿ:*7/8;+*ÿ/,ÿ:*7;+/6>;/*.:6:/*71ÿ+ÿ,+ÿ
.:*W6:9+ÿ./ÿ,+ÿ/.49+9:C*@ÿ>/;1ÿ*1ÿ./0./ÿ,+ÿ+9+./6:+ÿP+9:+ÿ,+ÿ/6>;/0+ÿ>;:<+.+O
Z*ÿ/07/ÿ1;./*ÿ./ÿ:./+0@ÿ/07+ÿ:*</07:8+9:C*ÿ+046/ÿ/,ÿ./0+2U1ÿ./ÿ/074.:+;ÿ,+ÿ>/;9/>G
9:C*ÿ./ÿ,10ÿ/6>;/0+;:10ÿAÿ/6>,/+.10ÿ/*ÿ04ÿ91*7;:=49:C*ÿ+,ÿ9;/9:6:/*71ÿ/6>;/0+;:+,ÿ
=+?1ÿ/,ÿ:*7/;;18+*7/ÿ./ÿ:*</07:8+9:C*5ÿ94W,/0ÿ01*ÿ,+0ÿ:*:9:+7:<+0ÿ1ÿ>;W97:9+0ÿ*/9/G
0+;:+0ÿ>+;+ÿ/,ÿ./0+;;1,,1ÿ./ÿ:*7;+/6>;/*.:6:/*71ÿ/*ÿ>/34/Q+0ÿ/6>;/0+0ÿF./6W0@ÿ
0/ÿ>;1>1*/ÿ4*+ÿP1?+ÿ./ÿ;47+ÿP+9:+ÿ4*+ÿ<:0:C*ÿ916>+;7:.+ÿ./ÿ,+ÿ+,7+ÿ.:;/99:C*ÿAÿ,10ÿ
7;+=+?+.1;/0Oÿ[/ÿ/07/ÿ61.1@ÿ/07/ÿ.1946/*71ÿ7:/*/ÿ4*+ÿ/07;4974;+ÿ./ÿ|ÿ0/0:1*/05ÿ
:*7;1.499:C*@ÿ6+;91ÿ91*9/>74+,ÿ./ÿ:*7;+/6>;/*.:6:/*71@ÿ6/71.1,18U+@ÿ;/04,7+.10@ÿ
.:0940:C*ÿAÿ91*9,40:1*/0O
!722"""#!#2$2%&36'%308((((((((((() %20&
01232114ÿ61786 9
ÿÿÿÿÿÿ7ÿÿÿÿÿÿ
"ÿÿ
ÿ "ÿ ÿ
*+ÿÿ-.ÿ/01234562407/5/4018ÿ40ÿ.3ÿ649:4;3ÿ45624<3
=>ÿ@ABCDEFGCEAH@F@EABIJÿKIFIÿLAÿB@GIÿHEÿDKB@M@HDHÿEFGCEAHEHICDÿ>>EMDHDÿDÿKDNIÿ
HEABCIÿHEÿ>DOÿICPDA@QDK@IAEOÿRDÿEOBDN>EK@HDOJÿSDÿKIFEAQDHIÿDÿBIFDCÿ>LPDCÿEAÿ>DOÿ
DPEAHDOÿHEÿ@AMEOB@PDK@TAÿHDHDÿOLÿ@FGICBDAK@DÿGDCDÿE>ÿUV@BIÿICPDA@QDK@IAD>ÿWXCLY@>>Iÿ
Z[M@>DÿRÿ\LQF[Aÿ][O^LEQJÿ_``abcÿdDCDÿeECAD>ÿRÿfLO@ÿW_`gabÿE>ÿEFGCEAH@F@EABIÿ
EAÿE>ÿ@ABEC@ICÿHEÿ>DOÿICPDA@QDK@IAEOÿKIAOB@BLREÿSIRÿHhDÿLADÿHEÿ>DOÿEOBCDBEP@DOÿKICGIi
CDB@MDOÿHEÿFDRICÿEj@KDK@DÿGDCDÿH@ADF@QDCÿ>IOÿE^L@GIOÿHEÿBCDNDYIÿRÿDMDAQDCÿEAÿLADÿ
EOBCDBEP@DÿHEÿ@AAIMDK@TAÿICPDA@QDK@IAD>c
gk_ÿ lmnonÿqmrsonÿtuovwsxÿyz{vwsxÿ|}ÿ
=AÿPEAECD>JÿE>ÿEFGCEAH@F@EABIÿAIÿOI>IÿB@EAEÿ@AK@HEAK@DÿEAÿ>DOÿHEK@O@IAEOÿ^LEÿ
BIFEAÿOLOÿ>hHECEOJÿEAÿEOBEÿKDOIÿHE>ÿEFGCEAHEHICÿIÿEFGCEODC@IÿKIAOI>@HDHIÿEAÿE>ÿ
FECKDHIJÿO@AIÿ^LEÿDFG>hDÿE>ÿGDAICDFDÿGDCDÿ@AMI>LKCDCÿHEÿjICFDÿDKB@MDÿE>ÿCI>ÿ^LEÿ
EYECKEAÿ>IOÿEFG>EDHIOÿHEÿ>DÿICPDA@QDK@TAcÿZDÿKDN@HDÿDÿ>DÿHEAIF@ADK@TAÿHE>ÿ@ABCDEFi
GCEAH@F@EABIJÿKIFIÿLAÿB@GIÿHEÿDKB@M@HDHÿEFGCEAHEHICDÿEOBCDBUP@KDÿGDCDÿ>IPCDCÿE>ÿ
UV@BIÿICPDA@QDK@IAD>JÿDAD>@QDHDÿHEOHEÿHIOÿEAjI^LEOcÿ=>ÿGC@FECIJÿE>ÿjIFEABIÿHEÿAEPIi
K@IOÿD>BECAIOÿDÿ>DOÿDKB@M@HDHEOÿ>DNICD>EOÿ>@HECDHIÿGICÿ>IOÿBCDNDYDHICEOJÿRÿE>ÿOEPLAHIJÿ
E>ÿEFGCEAH@F@EABIÿKICGICDB@MIÿEOB@FL>DAHIÿ>DÿPEAECDK@TAÿHEÿALEMDOÿjICFDOÿHEÿ
AEPIK@IÿEAÿE>ÿ@ABEC@ICÿHEÿ>DÿICPDA@QDK@TAÿWOG@ADJÿKIOBDidCDHIJÿRÿfDOBC@>>TAJÿ_`gkbcÿ
=AÿDFNIOÿKDOIOJÿE>ÿLOIÿEj@K@EABEÿHEÿ>IOÿCEKLCOIOÿH@OGIA@N>EOÿEOÿLADÿIGICBLA@HDHÿHEÿ
KCEK@F@EABIÿRÿEFGIHECDF@EABIÿEFGCEODC@D>cÿ@AÿEFNDCPIJÿOEÿEM@HEAK@DJÿEOGEK@D>FEAi
BEÿGDCDÿ>DOÿGE^LE
DOÿEFGCEODOJÿ^LEÿ>IOÿFIHE>IOÿHEÿAEPIK@IOÿO@PLEAÿO@EAHIÿBCDH@K@Ii
AD>EOJÿHIAHEÿ>IOÿEFG>EDHIOÿRÿYEjEOÿMEAÿKIFIÿA@KDÿjICFDÿHEÿBCDNDYIÿE>ÿCEOL>BDHIÿHEÿ
LADÿHEH@KDK@TAÿEVK>LO@MDÿDÿ>DÿDKB@M@HDHÿGC@AK@GD>JÿO@AÿGIO@N@>@HDHEOÿHEÿPEAECDK@TAÿ
HEÿLA@HDHEOÿHEÿAEPIK@Iÿ>@HECDHDOÿGICÿOLOÿKI>DNICDHICEOÿKIAÿPDADAK@DOÿDH@K@IAD>EOÿ
GDCDÿDFNIOÿIÿGDCDÿE>ÿKI>DNICDHICJÿ>Iÿ^LEÿCEOL>BDÿKIABCDC@IÿDÿ>IÿEAKIABCDHIÿEAÿH@jEi
CEABEOÿEOBLH@IOJÿHIAHEÿDÿFDRICÿA@ME>ÿHEÿ@ABCDEFGCEAH@F@EABIÿFDRICÿA@ME>ÿHEÿ@AAIi
MDK@TAÿWZhDQÿZLDCBEJÿCIGEQDÿXDP>EJÿRÿIHChPLEQJÿ_`_`bc
=ABIAKEOJÿE>ÿ@ABCDEFGCEAH@F@EABIÿ@AM@BDÿDÿ>DÿICPDA@QDK@TAÿDÿM@OLD>@QDCOEÿKIFIÿ
H@ADF@QDHICDJÿKIFIÿLAÿDPEABEÿOIK@D>Jÿ^LEÿAIÿOI>IÿPEAECDÿEVKEHEABEOJÿO@AIÿ^LEÿKIAi
BC@NLREÿHEÿFDAECDÿGDCB@K@GDB@MDÿD>ÿEABICAIÿW\[>MEQÿ>NDCCDKhAJÿ_`ggbc
=AÿEjEKBIJÿEAÿ>DOÿICPDA@QDK@IAEOÿGE^LE
DOJÿEOGEK@D>FEABEÿjDF@>@DCEOJÿHIAHEÿ>IOÿ
CEKLCOIOÿOIAÿ>@F@BDHIOÿRÿ>DÿEVGEC@EAK@DÿOEÿDH^L@ECEÿEAÿE>ÿF@OFIÿAEPIK@IJÿE>ÿ@ABCDi
EFGCEAH@F@EABIÿGIO@N@>@BDÿDKK@IAEOÿPECEAK@D>EOÿKIFGDCB@HDOÿWeD>>EOBECIOÿRÿEOBCEGIi
ZhDQJÿ_`gabcÿ
dDCDÿE>>IJÿ>DOÿKIFLA@HDHEOÿ@ABECADOÿHEÿBD>EABIÿHENEAÿOECÿLADÿGC[KB@KDÿAIÿOI>Iÿ
jIFEABDHDÿEAÿ>DOÿPCDAHEOÿICPDA@QDK@IAEOJÿO@AIÿEAÿGE^LE
DOÿEFGCEODOÿ^LEÿMDAÿ
CED>@QDAHIÿGCIKEOIOÿHEÿjICFDK@TAÿPCDHLD>EOÿKIAÿCEKLCOIOÿSLFDAIOÿ>@F@BDHIOcÿIOÿ
GCIHLKBICEOJÿD^LE>>IOÿ^LEÿNLOKDAÿ^LEÿOLOÿ@HEDOÿOEÿ@AKICGICEAÿDÿGCIHLKBIOÿRDÿEV@Oi
BEABEOÿHEÿ>DÿKIFGD
hDcÿIOÿBCDAOjICFDHICEOJÿ^LEÿ^L@ECEAÿKDFN@DCÿGICÿKIFG>EBIÿ
>DÿICPDA@QDK@TAJÿKIAÿD>BIOÿhAH@KEOÿHEÿDGCIG@DK@TAJÿRÿDGICBDAÿO@PA@j@KDB@MDFEABEÿEAÿ
GCIKEOIOÿHEÿ@AAIMDK@TAÿCDH@KD>cÿIOÿ@A@K@DHICEOJÿKIAÿj@ENCEÿEFGCEAHEHICDJÿ^LEÿNLOi
KDAÿ>DÿIGICBLA@HDHÿGDCDÿKCEDCÿLADÿALEMDÿICPDA@QDK@TAÿRÿEFGCEAHECÿGICÿjLECDÿHEÿ>Dÿ
KIFGD
hDcÿIOÿKIAEKBICEOJÿ^LEÿEAB@EAHEAÿ>DÿCEHJÿEVB@EAHEAÿOLÿKIFLA@HDHÿHEÿBD>EABIÿ
RÿOIAÿEVKEGK@IAD>EOÿGDCDÿDBCDECÿNLEADOÿ@HEDOÿRÿGC[KB@KDOÿGDCDÿ>DÿICPDA@QDK@TAÿWeDCi
BI>IFUÿEHDAIJÿ_`ggbc
+ÿ41878.83
=AÿBUCF@AIOÿHEÿD>KDAKEJÿEOBDÿ@AMEOB@PDK@TAÿOEÿB@G@j@KDÿKIFIÿHEOKC@GB@MDÿWECA[Ai
HEQiDFG@EC@ÿÿcJÿ_`gbJÿHDHIÿ^LEÿDNICHDÿ>DÿHEOKC@GK@TAÿHEÿKIAKEGBIOÿIÿjEATi
FEAIOJÿDOhÿKIFIÿE>ÿEOBDN>EK@F@EABIÿHEÿCE>DK@IAEOÿEABCEÿ>IOÿDKBICEOÿEOB[ÿH@C@P@HDÿDÿ
!722"""#!#2$2%&36'%308((((((((((() &20&
01232114ÿ61786 9
ÿÿÿÿÿÿ7ÿÿÿÿÿÿ
"ÿÿ
ÿ "ÿ ÿ
*+ÿ-./0123402.5-3-2./6ÿ2.ÿ+17ÿ42892:17ÿ60;1.-<1=-6.27> ?@A
BCDEFBGBHIJÿLÿIEIMBNIJÿMOPÿHOQROJFIQBDEFOPÿPOHBIMDPÿLÿOJSIEBNIHBOEIMDPÿIMJDCDCOJÿCDÿ
MIPÿDQRJDPIPÿTUDÿRIJFBHBRIJOEVÿWDPCDÿMIÿRDJPRDHFBXIÿCDMÿQYFOCOZÿLÿCICIÿMIÿHOQRMD[B\
CICÿTUDÿJDXBPFDÿDMÿIE]MBPBPÿLÿDPFUCBOÿCDÿMIPÿCBE]QBHIPÿCDÿBEFJIDQRJDECBQBDEFOÿDEÿMIPÿ
OJSIEBNIHBOEDPZÿDMÿDPFUCBOÿCDÿHIPOÿPDÿQIEBGBDPFIÿHOQOÿDMÿQYFOCOÿCDÿBEXDPFBSIHB^EÿROJÿ
IEFOEOQIPBIÿDEÿDPFIÿM^SBHIÿBEFDJRJDFIFBXI_ÿCDÿI`aZÿMIÿIC`DJDEHBIÿCDÿBEFDJRJDFIFBXOÿIMÿ
DPFUCBOÿCDÿHIPOÿbcUIZÿdIEILÿeINOPZÿLÿcBXDJIÿfIJFaEDNZÿgh?ijV
k`OJIÿlBDEZÿDMÿDPFUCBOÿRIJFB^ÿCDÿMIPÿRJDQBPIPÿCDÿMOPÿQOCDMOPÿQBmFOPÿCDPCDÿMIÿBEFD\
SJIHB^EÿQDFOCOM^SBHIÿRJORUDPFIÿROJÿnIQRBDJBÿbgh?ojZÿRDJQBFBDECOÿMIÿHOQlBEIHB^Eÿ
HUIMBFIFBXIÿLÿHUIEFBFIFBXIZÿMOÿTUDÿMMDX^ÿIÿMIÿHOQRMDQDEFIJBDCICÿDEFJDÿMOPÿQYFOCOPVÿ
pEÿDPDÿPDEFBCOZÿMIÿHOQROPBHB^EÿCDÿDPFOPZÿPUQBEBPFJ^ÿCIFOPÿHUIEFBFIFBXOPÿRJOCUHFOÿ
CDÿMIÿIRMBHIHB^EÿCDÿHBEHOÿHOQROEDEFDPÿCDÿBECISIHB^EÿbRJDSUEFIPÿIlBDJFIPjZÿPBDECOÿ
UEÿRJOHDPOÿCBE]QBHOZÿIlBDJFOÿIÿHOEOHDJÿDMÿDEFOJEOÿRJORBOÿCDMÿDQRJDECDCOJVÿWBH`Iÿ
BEGOJQIHB^EÿDPFUXOÿJDRJDPDEFICIÿDEÿCIFOPÿDPFICaPFBHOPÿIÿRIJFBJÿCDÿMIÿBCDEFBGBHIHB^Eÿ
LÿHMIPBGBHIHB^EÿCDÿHIFDSOJaIPÿDQDJSDEFDPÿCDPCDÿUEIÿQIFJBNÿCDÿHMIPBGBHIHB^EÿRJORBIZÿ
CDlBCIQDEFDÿIEIMBNICIÿLÿHUIEFBGBHICIÿDEÿGJDHUDEHBIPÿIlPOMUFIPÿLÿJDMIFBXIPVÿ
WDPCDÿMIÿRDJPRDHFBXIÿHUIMBFIFBXIÿGUDÿROPBlMDÿHOQRJDECDJÿMIÿJDIMBCICÿCDÿMOPÿDQRJD\
PIJBOPÿLÿPUPÿDQRMDICOPZÿIFJBlULDECOÿDMÿXIMOJÿRJORBOÿCDÿPUPÿCBPHUJPOPÿLÿRJOGUECBNIECOÿ
DEÿPBFUIHBOEDPÿRIJFBHUMIJDPÿCDMÿBEFJIDQRJDECBQBDEFOÿQDCBIEFDÿMIÿBQRMDQDEFIHB^Eÿ
CDÿDEFJDXBPFIPÿPDQBDPFJUHFUJICIPÿSJURIMDPVÿpPFIÿDmRDJBDEHBIÿIROJF^ÿIÿMOPÿRJOHDPOPÿCDÿ
JDFJOIMBQDEFIHB^EÿDEÿRJOHUJIÿCDÿMIÿHOQRMDQDEFIJBDCICÿQDFOCOM^SBHIÿHOQOÿIMFDJEI\
FBXIÿCDÿBEFDJRJDFIHB^EÿIHDJHIÿCDÿPUPÿJDIMBCICDPÿDQRJDPIJBIMDPVÿ
WDÿIHUDJCOÿIÿMOÿIEFDJBOJZÿDMÿDPFUCBOÿUFBMBN^ÿUEÿQUDPFJDOÿROJÿHOEXDEBDEHBIÿCICOÿ
TUDÿMIPÿQUDPFJIPÿqDQRJDPIPqÿDPF]EÿGOJQICIPÿROJÿMOPÿHIPOPÿCBPROEBlMDPÿIÿMOPÿHUIMDPÿ
PDÿFUXOÿIHHDPO_ÿRIJIÿrIFFISMBIÿbghhijÿLÿsDJE]ECDN\nIQRBDJBÿbgh?ojÿDPFIÿFYHEBHIÿ
ROPBlBMBFIÿDMÿIHHDPOÿIÿPU[DFOPÿPDMDHHBOEICOPÿDEÿXBJFUCÿCDÿMIÿHOEXDEBDEFDÿIHHDPBlBMB\
CICZÿRJOmBQBCICÿLÿEBXDMÿCDÿHOEOHBQBDEFOPÿGJDEFDÿIMÿGDE^QDEOÿTUDÿPDÿDPF]ÿBEXDPFB\
SIECOVÿpEÿDMÿ]QlBFOÿBEPFJUQDEFIMZÿPDÿUFBMBN^ÿMIÿDEFJDXBPFIÿSJURIMÿDEÿRJOGUECBCICÿ
HOEÿMIÿROlMIHB^EÿOl[DFOÿCDÿDPFUCBOÿJDRJDPDEFICIÿROJÿSDJDEFDPÿLÿDQRMDICOPÿCDÿCOPÿ
RLQDPÿqRDTUDtIPÿLÿQDCBIEIPqÿbHMIPBGBHICIPÿDEFJDÿ?hÿIÿuhÿDQRMDICOPjÿUlBHICIPÿ
DEÿMIÿHBUCICÿCDÿeORIL]EZÿCDRIJFIQDEFOÿCDMÿdIUHI\dOMOQlBIZÿRDJFDEDHBDEFDPÿIMÿ
PDHFOJÿCDÿMIÿPIMUCÿLÿIMBQDEFOPZÿMMIQICIPÿvDMDBQ]SDEDPÿfYCBHIPÿpmRJDPPÿnknÿvBQDÿ
cmZÿCDCBHICIÿIÿIHFBXBCICDPÿCDÿIROLOÿCBISE^PFBHOZÿLÿrJOPFBEZÿDQRJDPIÿRJOCUHFOJIÿ
LÿHOQDJHBIMBNICOJIÿCDÿROMMOÿDEÿCBGDJDEFDPÿRJDPDEFIHBOEDPÿRIJIÿDMÿHOEPUQOÿGBEIMVÿ
eIJIÿDMÿHIPOÿCDÿMIÿDQRJDPIÿvDMDBQ]SDEDPÿfYCBHIPÿpmRJDPPÿnknÿRIJFBHBRIJOEÿDEÿMIPÿ
DEFJDXBPFIPÿSJURIMDPÿCOHDÿb?gjÿRDJPOEIPÿCDÿUEÿFOFIMÿCDÿHIFOJHDÿb?ojÿHOMIlOJICOJDP_ÿ
QBDEFJIPÿTUDÿRIJIÿDMÿHIPOÿCDÿMIÿDQRJDPIÿrJOPFBEÿMIPÿDEFJDXBPFIPÿPDÿIRMBHIJOEÿIÿCBDNÿ
b?hjÿRDJPOEIPÿCDÿUEÿFOFIMÿCDÿCOHDÿb?gjÿHOMIlOJICOJDPVÿpPÿBQROJFIEFDÿPDtIMIJÿTUDÿ
DPFIÿBEXDPFBSIHB^EÿHOEPFBFULDÿUEÿFJIlI[OÿTUDÿRDJQBFDÿUEIÿDmRMOJIHB^EÿCOECDÿPDÿ
IEIMBNIEÿCOPÿDQRJDPIPÿLÿPUPÿHOMIlOJICOJDPÿTUDÿPDÿ`IEÿPDMDHHBOEICOÿDEÿJIN^EÿIÿMIÿ
IHHDPBlBMBCICV
wIPÿXIJBIlMDPÿPOlJDÿMIPÿHUIMDPÿPDÿBECIS^ÿGUDJOEÿDMÿHOEHDRFOÿCDÿDQRJDECBQBDEFOZÿMIÿ
QOFBXIHB^EÿCDMÿDQRJDECBQBDEFOZÿMIÿBEGMUDEHBIÿCDMÿDEFOJEOÿDEÿDMÿBEFDJBOJÿCDÿMIÿDQRJDPIÿ
LÿMOPÿQDHIEBPQOPÿCDÿDQROCDJIQBDEFOÿIÿMOPÿHOMIlOJICOJDPV
?@oÿ xyz{zÿ}y~{zÿ{ÿ
ÿÿ
nDÿUFBMBN^ÿMIÿ`DJJIQBDEFIÿCDÿDXIMUIHB^EÿCDÿQYFOCOPÿQBmFOPÿqffkvqÿRIJIÿ
MIÿDXIMUIHB^EÿHJaFBHIÿCDÿMIPÿJDXBPBOEDPÿPBPFDQ]FBHIPVÿpPFDÿBEPFJUQDEFOÿRDJQBFDÿXIMOJIJÿMIÿ
HIMBCICÿQDFOCOM^SBHIÿCDÿMOPÿHOQROEDEFDPÿCDMÿCBPDtOÿCDÿMIÿBEXDPFBSIHB^EVÿ
ÿ
vIlMIÿ?VÿÿdJBFDJBOPÿCDÿMIÿ`DJJIQBDEFIÿCDÿDXIMUIHB^EÿCDÿQYFOCOPÿQBmFOPÿbffkvj
!722"""#!#2$
2%
&36'%308((
((((((((() 820&
01232114ÿ61786 9
ÿÿÿÿÿÿ7ÿÿÿÿÿÿ
*+,-ÿ3+7ÿ.4./.80//5ÿ0249/73ÿ:244;5./6+ÿÿ *<40/<4+ÿ2/ÿ:734272ÿ,/0+2+3;94:7
"ÿ=> ³@AB´?2BÿA/
²? CDÿFÿGHB>IADÿIJÿK?HD L?ÿAMBJNONJB?KAPMÿIJÿNJH>
µÿ
²
³´ @B?"
IDHÿJHBQÿÿH>RKAJMBJSJMBJÿHDODNB?¶
I?ÿ·OÿDNÿ¸
I?BDHÿIJÿ@DHÿJSONJH?NADHÿ?ÿO?NBANÿIJÿ@?HÿJMBNJCAHB?HÿNJ?@AT?I?HU
=>?@AB?BACDÿFÿV>JMBJHÿIJÿI?BDH L?HÿW>JMBJHÿIJÿI?BDHÿHDMÿNJ@JC?MBJHÿO?N?ÿNJHODMIJNÿ@?ÿONJX>MB?ÿIJÿ
AMCJHBAX?KAPMUÿ
G@ÿKDMBJYBDÿIJÿ@?HÿJSONJH?HÿHJÿBDS?ÿJMÿK>JMB?ÿO?N?ÿJ@ÿ?MQ@AHAHÿIJÿ
I?BDHÿODNÿO?NBJÿIJÿ@DHÿAMCJHBAX?IDNJHU
ZJX[MÿAMWDNSJHÿIJÿ@?ÿ=QS?N?ÿIJÿ=DSJNKADÿIJ@ÿ=?>K?ÿ\]^_`aÿbÿ@?ÿ
cDdJNM?KAPMÿIJ@ÿ=?>K?ÿ\]^_eafÿ@DHÿHJKBDNJHÿIJÿ?@ASJMBDHÿbÿH?@>Iÿ
OJNBJMJKJMÿ?ÿHJKBDNJHÿJHBN?BgXAKDHÿO?N?ÿ@?ÿJKDMDSh?ÿIJÿ@?ÿKA>I?Iÿbÿ
J@ÿIJO?NB?SJMBDU
=>?MBAB?BACDÿFÿGMK>JHB? L?HÿSJIAI?HÿHDMÿ?ONDOA?I?Hfÿ@?HÿC?NA?d@JHÿJHBQMÿK@?N?SJMBJÿIJRMAI?Hÿ
bÿSJIAI?HÿKDMÿONJKAHAPMfÿ@?HÿSJIAI?HÿJHBQMÿi>HBARK?I?HÿO?N?ÿ
NJHODMIJNÿ?ÿ@?ÿONJX>MB?ÿIJÿAMCJHBAX?KAPMjÿ@DHÿK>JHBADM?NADHÿW>JNDMÿ
ONDd?IDHÿONJCA?SJMBJÿ?MBJHÿIJÿ@?ÿKD@JKB?ÿIJÿI?BDHU
klmnompÿG@?dDN?KAPMÿONDOA?ÿ?ÿO?NBANÿIJÿrDMXÿ\]^_`aU
stÿÿu3ÿ4.0<7/,-</.24,4/.0+ÿ:+,+ÿv7:0+<ÿ:378/ÿ2/ÿ/,-+2/<7,4/.0+ÿ
/,-</57<473
GMÿJHBJÿK?OhB>@DÿHJÿIJHKNAdJMÿ@DHÿNJH>@B?IDHÿIJÿ@?ÿAMCJHBAX?KAPMÿSJIA?MBJÿ@?ÿASO@Jw
SJMB?KAPMÿIJÿJMBNJCAHB?Hÿ?ÿ@DHÿKD@?dDN?IDNJHÿIJÿIDHÿSAObSJHÿ>dAK?I?HÿJMÿ@?ÿKA>I?Iÿ
IJÿxDO?bQMfÿIJO?NB?SJMBDÿIJ@ÿ=?>K?w=D@DSdA?fÿy>JÿODHBJNADNSJMBJÿHJÿHAMBJBAT?NDMÿ
IJHIJÿ@?ÿS?BNATÿIJÿK@?HAWAK?KAPMÿONDOA?fÿ?NNDi?MIDÿWNJK>JMKA?Hÿ?dHD@>B?HÿbÿNJ@?BAC?HUÿ
ZJÿNJ?@ATPÿ>Mÿ?MQ@AHAHÿSAYBDÿIJÿ@?ÿAMWDNS?KAPMU
xDNÿDBNDÿ@?IDfÿKDMÿJ@ÿ?MQ@AHAHÿIJÿJHBDHÿI?BDHÿHJÿIJWAMAJNDMÿNJKDSJMI?KADMJHÿKDMHDw
@AI?I?HÿJMÿ@DHÿO?HDHÿ?ÿBJMJNÿJMÿK>JMB?ÿJMÿ@?ÿzDi?ÿIJÿN>B?ÿO?N?ÿ>M?ÿCAHAPMÿKDSO?NBAI?ÿ
JMBNJÿJ@ÿJy>AODÿIJÿKD@?dDN?IDNJHÿbÿ@?ÿ?@B?ÿIANJKKAPMÿKDMÿSAN?Hÿ?ÿ@?ÿASO@JSJMB?KAPMÿ
IJ@ÿAMBN?JSONJMIASAJMBDÿJMÿ@?ÿOJy>J{?ÿJSONJH?U
st|tÿÿ}/5:<4-:4;.ÿ2/ÿ37ÿ/,-</57ÿ~<+504.
VDNS?ÿO?NBJÿIJÿ@?ÿAMI>HBNA?ÿ?@ASJMB?NA?fÿJMK?NX?I?ÿIJÿ@?ÿONDI>KKAPMÿbÿKDSJNKA?w
@AT?KAPMÿIJÿOD@@DÿbÿH>HÿIJNAC?IDHfÿKDMÿ>M?ÿOJNS?MJMKA?ÿJMÿJ@ÿSJNK?IDÿIJÿIAJTÿ?{DHfÿ
IANAXAI?ÿ?ÿJHBN?BDHÿHDKADJKDMPSAKDHÿBNJHÿbÿK>?BNDfÿK>b?ÿCAHAPMÿJSONJH?NA?@ÿz?ÿJHB?IDÿ
ÿ
ÿÿÿÿ
_
AMW@>JMKA?I?ÿODNÿJ@ÿSDIJ@DÿIJÿWN?My>AKA?UÿZ>ÿJy>AODÿz>S?MDfÿKDMWDNS?IDÿODNÿ_]ÿ
JSO@J?IDHfÿHJÿJMK>JMBN?Mÿ?ÿK?NXDÿIJÿBNJHÿHJIJHÿJMÿ@?ÿKA>I?IÿIJÿxDO?bQMUÿ
sttÿÿ}/5:<4-:4;.ÿ2/ÿ37ÿ/,-</57ÿ/3/4,9/./5ÿ24:75ÿu-</55ÿtt
GHÿ>M?ÿJSONJH?ÿONAC?I?ÿW?SA@A?NÿKDMÿIAJTÿ?{DHÿJMÿJ@ÿSJNK?IDfÿKDMWDNS?I?ÿODNÿ]_ÿ
JSO@J?IDHfÿIJIAK?I?ÿ?ÿdNAMI?NÿHJNCAKADHÿIJÿ?ODbDÿIA?XMPHBAKDÿ?@ÿNgXASJMÿH>dHAIA?IDÿ
bÿKDMBNAd>BACDfÿ?HhÿKDSDÿ?ÿO?NBAK>@?NJHfÿ?ÿBN?CgHÿIJÿH>HÿÿHJIJHÿ>dAK?I?HÿJMÿxDO?bQMÿ
\_afÿZ?MB?MIJNÿIJÿ>A@AKz?Dÿ\_aÿbÿ=?@Aÿ\]aUÿ
st tÿÿ*70/9+<4¡7:4;.ÿ2/ÿ270+5
GMÿJHBJÿ?O?NB?IDÿHJÿIJHKNAdJÿ@?ÿK?BJXDNAT?KAPMÿIJÿ@DHÿI?BDHÿbÿH>ÿ?MQ@AHAHU
¢£¤£¥£ÿ¦§n¨m©¨ª«nÿ¬mÿm®©¯mn¬ª®ªmno§
GMÿNJ@?KAPMÿKDMÿJ@ÿKDMKJOBDÿy>JÿJ@ÿB?@JMBDÿz>S?MDÿIJÿ@?ÿJSONJH?ÿBAJMJÿIJÿJSONJMw
IASAJMBDfÿHJÿO>JIJÿJCAIJMKA?NfÿJMÿVAX>N?ÿ_ÿbÿVAX>N?ÿ]fÿy>Jÿ?ÿOJH?NÿIJÿOJNBJMJKJNÿ
?ÿ?KBACAI?IJHÿJKDMPSAK?HÿIAWJNJMBJHfÿKDAMKAIJMÿJMÿ°ÿO>MBDHÿASODNB?MBJHfÿ?ÿH?dJN±ÿ
NJHO>JHB?ÿ?@ÿJMBDNMDfÿAMMDC?KAPMÿbÿONDbJKKAPMÿ?ÿW>B>NDUÿG@ÿS?bDNÿM[SJNDÿIJÿOJNHDw
!722"""#!#2$2%&36'%308((((((((((() '20&
01232114ÿ61786 9
ÿÿÿÿÿÿ7ÿÿÿÿÿÿ
+2,ÿ=-w2ÿ/,
"+ - :+
x, 0
y07ÿ1
ÿ052+-3,,ÿ+,ÿ=4305352ÿ;6ÿ79ÿ/8
-7ÿ0-/9
:79z 03ÿ0w<7,x:?ÿ3=,y:+23,23ÿ0;<2,ÿÿ2@/9
ÿ-0+:2ÿ3+2
;/7
2"
:ÿ:2ÿ-,ÿ66ÿ,ÿ=ÿ,0+/A
+
7
0<
7,?ÿ=607>ÿ+=5?ÿ,96,ÿ2:,<ÿ0;2{
626+7=ÿ|20ÿ,-ÿÿ}
452ÿ-7+ÿ2/9:2-,-ÿ452ÿ2-38+ÿ;0-952-3,-ÿ,ÿ,-5/0:ÿ73:,-ÿ97-35:,-ÿ2+ÿ-5ÿ17:/,ÿ7:B,C
+0D,=07+,6ÿ0+32:+,?ÿ;7+;2ÿ-2ÿ97;:E,ÿ0/962/2+3,:ÿ26ÿ0+3:,2/9:2+;0/02+37ÿ=7/7ÿ5+,ÿ
-765=0>+ÿ,ÿ-5-ÿ+2=2-0;,;2-FÿG+37+=2-?ÿ26ÿ;2-,1E7ÿ;2ÿ6,-ÿ7:B,+0D,=07+2-ÿ-2ÿ=2+3:,ÿ2+ÿ6,ÿ
,:30=56,=0>+ÿ;2ÿ5+ÿ/7;267ÿ7:B,+0D,30<7ÿ452ÿ0/956-2ÿ6,-ÿ797:35+0;,;2-ÿ0;2+3010=,;,-ÿ
97:ÿ-5-ÿ2/9:2+;2;7:2-ÿ0+32:+7-ÿHI:0-3>A,6?ÿJ60<2:,?ÿ@ÿK,,<2;:,?ÿLMNOPFÿ
Q0B5:,ÿNFÿI7+=2937ÿ;2ÿ2/9:2+;0/02+37ÿ2/9:2-,ÿR0/2ÿ
veqebhfnsqÿoeÿrhpcb ]
teiucqoebÿhpÿeqgcbqc \
micfnhocÿhÿphÿnqqcrhfnsq [
abcdefghbieÿhÿklglbc Z
^ Z \ ] _ [ `
aebicqhi
STUVWUXÿ26,A7:,=0>+ÿ9:790,F
!722"""#!#2$2%&36'%308((((((((((() *20&
01232114ÿ61786 9
ÿÿÿÿÿÿ7ÿÿÿÿÿÿ
"ÿ+,-ÿ
.ÿ+,- "ÿ /0ÿ1
!722"""#!#2$2%&36'%308((((((((((() *20&
01232114ÿ61786 9
ÿÿÿÿÿÿ7ÿÿÿÿÿÿ
"ÿ*+,ÿ
-ÿ*+, "ÿ ./ÿ0
!722"""#!#2$2%&36'%308((((((((((() 320&
01232114ÿ61786 9
ÿÿÿÿÿÿ7ÿÿÿÿÿÿ
"ÿ*+,ÿ
-ÿ*+, "ÿ ./ÿ0
!722"""#!#2$2%&36'%308((((((((((() 0620&
01232114ÿ61786 9
ÿÿÿÿÿÿ7ÿÿÿÿÿÿ
"ÿK?@ÿ
_ÿK?@ "ÿ gaÿ>
gÿ96 _Kÿ9%6
*+,ÿ./01231+,ÿ45ÿ362/+57./5643735628ÿ56ÿ9+ÿ3668:+13;6ÿ45ÿ9+,ÿ73.<75
=> ?@ÿA$
Bÿ1616
CÿDEFGÿHÿEÿIÿEÿEÿJÿÿIÿ EKÿH
i" q!"ÿ$
*+ÿ187L631+13;6ÿ1878ÿM+128/ÿ459ÿ362/+57./5643735628NÿO9ÿ1+,8ÿ45ÿL6+ÿP6,232L13;6ÿ45ÿO4L1+13;6
QL.5/38/ÿ45ÿ9+ÿR5S3;6ÿT562/8ÿU11345625ÿ45ÿVWX318
E ?@ÿA$
YAÿ1603
Eÿ
ÿEZÿHÿIÿ HJÿÿ
ÿ
ÿ
[
i" q!"ÿ$
P62/+57./5643735628ÿ1878ÿ59575628ÿML64+7562+9ÿ56ÿ9+,ÿ8/S+63\+13865,ÿ459ÿ,3S98ÿ]]P
E ?@ÿA$
Bÿ1616
>ÿE^ÿEÿ_ÿIÿ̀ÿÿ=!ÿYAÿIÿ _aÿ_
i" q!"ÿ$
b/01231+,ÿ45ÿS5,23;6ÿ56ÿ57./5,+,ÿ45ÿc+,5ÿ251689;S31+Nÿd6093,3,ÿ56ÿ8/S+63\+13865,ÿ18987c3+6+,
E ?@ÿA$
Hÿ1603
eKÿ_AÿIÿ B[ÿ_fÿgaÿ
i" q!"ÿ$
O9ÿP643:34L8ÿ<ÿ,L,ÿ7823:+13865,ÿ56ÿ59ÿ./815,8ÿ57./564548/
E ?@ÿA$
C ÿ160h
ÿEÿHÿiÿIÿ ÀÿEÿHaÿIÿ BÿH#ÿi[
i" q!"ÿ$
*dQÿTUjkRPlmTPUjOQÿnO*ÿPjkRdOVbROjnPVPOjkUÿdÿ*dÿOQkRdkOoPdÿnOÿVdjmpdTkmRd
E ?@ÿA$
Bÿ1608
FZÿ_$ÿF
i" q!"ÿ$
!722"""#!#2$2%&36'%308((((((((((() 0020&
01232114ÿ61786 9
ÿÿÿÿÿÿ7ÿÿÿÿÿÿ
"ÿI@Aÿ
HÿI@A "ÿ ehÿm
*++,-./01+ÿ30456780-.ÿ/.3,ÿ39:ÿ49/8,5ÿ.68,7.5894ÿ9+ÿ;.+ÿ<6.+ÿ39:ÿ=>,
? @AÿB$
ÿ1600
CBÿDÿEÿFÿGÿHIÿDJÿK
F"
L6:865.ÿ0+85.9M759+393,5.ÿ9ÿ0++,-./01+Nÿ6+ÿ948630,ÿ9M7>50/,ÿ9+ÿ:.4ÿO*PQORÿ865>480/.4ÿ/,:,MS0.+.4
? @AÿB$
ÿ1600
ÿCTUVWEÿDWUFKÿ?$X
F" n!"ÿ$
Y94801+ÿ39:ÿ8.:9+8,ÿZ6M.+,ÿ/,M,ÿ9485.89[0.ÿ,5[.+0\./0,+.:ÿ9+ÿ:.4ÿP9]69^.4ÿ_ÿO930.+.4ÿRM7594.4`
?
a ÿ160b
cdÿedÿe!fÿKgÿGÿHhÿVÿHXÿi
F"
L,57,5.89ÿ9+859759+9654Z07ÿ0+ÿL,:,MS0.NÿL,+85.48ÿ/.494ÿ,jÿ8k,ÿL,:,MS0.+ÿM.+6j./8650+[ÿ;OR4
e!
?ÿ160b
UfÿXÿ
ÿlÿGÿ imÿ?
F" n!"ÿ$
n!"ÿ
H Bÿÿ$7ÿa
o
eB4ÿBfÿhÿ
pIÿHBÿGÿ CdÿHgÿehÿ
ÿGÿeÿqÿKg
F"ÿo
o
ÿhÿ
pIÿHBÿGÿ aÿ?B
F"ÿo
?
EBÿÿoÿhÿfÿÿ7ÿÿÿÿIfÿhÿoÿÿÿ###
Chÿ166'
ÿHXÿiX
7ÿVBfÿÿÿÿnBÿ166'4ÿ#ÿ8bÿrÿ#ÿ8s@'bÿnÿÿÿÿÿÿÿÿÿÿÿÿg$4
1660 1661 f f I $
!722"""#!#2$2%&36'%308((((((((((() 0120&
01232114ÿ61786 9
ÿÿÿÿÿÿ7ÿÿÿÿÿÿ
ÿÿÿ1660ÿ-ÿÿ1661#ÿÿÿÿÿ./ÿÿÿ/ÿÿÿ0ÿ$ÿÿ
"
0ÿ04Fÿ.ÿ
ÿÿ1ÿ17
2ÿÿÿ0F.ÿÿÿ1
ÿ"
ÿÿÿÿ;
-ÿ@ÿÿ$3ÿÿ!
12ÿ###ÿ45!"ÿ0ÿ$6
7ÿ
8
9!ÿÿ5ÿ:7ÿ;ÿ5ÿÿ5ÿ<
,-ÿ1616ÿ=ÿ557>ÿÿ,
59;ÿ?@ÿ5$ÿ=ÿ ÿAÿ5B!ÿ=ÿC!ÿ?-ÿ;/ÿ7Dÿ=ÿ E0ÿ71
7ÿ
7!ÿ
F.ÿ1$
7:G;H:ÿÿ9>H78?
7>9?9>H:ÿ*ÿ;:*C9:ÿ+>I98>:4ÿ58>H98C:ÿÿ*:5ÿ;8<8**7:54ÿ7
J<*9;8
:?9>9;8###
>1$ÿ1610
K!ÿIÿCDÿ=ÿ
ÿ8 ÿ=ÿ8 ÿ?
ÿH$3ÿ0ÿÿ?Lÿÿ Mÿ-ÿCMÿÿ;ÿ1ÿÿÿÿÿ1ÿÿ
ÿÿÿ1#ÿ+ÿÿÿÿÿÿ4ÿÿÿ0ÿÿ31ÿÿÿÿÿ1ÿ0ÿÿ
ÿÿ;1ÿÿÿÿ1616F1610#ÿÿ-ÿÿÿÿÿÿÿ1ÿ1#
I"ÿ0F.
8 F.ÿ1$
9ÿÿÿ0ÿÿÿÿÿÿAA9
,-ÿ1616ÿ=ÿ /ÿ;+;
@ÿ83ÿ8ÿ7ÿ=ÿ9ÿÿ<!ÿ>1ÿ=ÿ 7-ÿ7
ÿÿDÿÿ0ÿÿÿÿÿÿÿÿ#ÿ5ÿ0ÿÿÿ$3ÿ
ÿ2ÿÿ!ÿÿ$ÿÿÿÿÿÿÿÿÿ#ÿÿ$31ÿ
ÿ1/ÿ0ÿ$ÿÿ$ÿÿÿÿ/ÿ-ÿÿÿÿÿÿ1#ÿ5ÿ/ÿ
Dÿÿ###ÿ45!"ÿ0ÿ$6
I"ÿ0F.
8
8Bÿÿ-ÿBÿÿÿÿÿÿ1ÿÿ*ÿ7DÿFÿÿ
>1$ÿ160N
Oÿ$ÿ=ÿÿGÿ?ÿIÿ=ÿ,!ÿ83ÿ<ÿIÿ=ÿ4###6ÿ=ÿ?ÿ$!ÿ8D1ÿ5
ÿ-ÿÿÿÿ ÿÿÿÿÿÿÿ/ÿÿ
ÿ>ÿÿ<ÿI1#ÿ5ÿ$4ÿ
ÿÿ1ÿÿ$-ÿÿÿ/ÿÿÿÿÿB4ÿÿ
1ÿÿÿ$Bÿÿ0ÿÿÿ.ÿÿÿ#ÿÿÿ/ÿP1ÿÿÿ1
ÿ*ÿ7Dÿ###ÿ45!"ÿ0ÿ$6
7ÿ
*ÿ+7ÿ68ÿ,ÿ1611
!722"""#!#2$2%&36'%308((((((((((() 0%20&
01232114ÿ61786 9
ÿÿÿÿÿÿ7ÿÿÿÿÿÿ
*$ÿ -ÿ, *.
+" "ÿ829ÿ
/ÿ/
829 "ÿ ,6ÿ:
,
0ÿ166121611ÿ/!3ÿ3$-#ÿ*ÿ!ÿ.# 4ÿ5ÿ
.6ÿ5ÿ,6!ÿ5ÿ7
!722"""#!#2$2%&36'%308((((((((((() 0&20&