Ford Annual Report 2020

FORD
FORD MOTOR
FORD MOTOR COMPANY
MOTOR COMPANY
COMPANY
Ford
Ford
FordMotor
Motor
MotorCompany
Company
Company
2019 Annual
2020 AnnualReport
Report
Ford
Ford
FordMotor
Motor
MotorCompany
Company
Company
One
One
OneAmerican
American
AmericanRoad
Road
Road
Dearborn,
Dearborn,
Dearborn,MI
MI
MI48126
48126
48126
www.corporate.ford.com
2019
2020
2019 ANNUAL
ANNUAL
ANNUAL REPORT
Printed
Printed
Printed
Printed
Printed
Printedin
in
in
in
in
in
U.S.A.
U.S.A.
U.S.A.
U.S.A.
U.S.A.
U.S.A.
10%
10%
10%
10%
10%
10%post-consumer
post-consumer
post-consumer
post-consumer
post-consumer
post-consumer
waste
waste
waste
waste
waste
wastepaper.
paper.
paper.
paper.
paper.
paper.
REPORT
REPORT
Please
Please
Please
Please
Please
Pleaserecycle.
recycle.
recycle.
recycle.
recycle.
recycle.
173711_26816_Ford_10K_Cover.indd All Pages 3/8/21 9:59 AM

(!'&''&
&(%'&!+!" &&"!
*-?45:3@;:
"%

BBI5@F9DCFHDIFGI5BHHC,97H=CBCF8C:H<9,97IF=H=9GL7<5B;97HC:
;>@4125?/-8E1->1:0101/19.1>

CF
-F5BG=H=CBF9DCFHDIFGI5BHHC,97H=CBCF8C:H<9,97IF=H=9GL7<5B;97HC:
CFH<9HF5BG=H=CBD9F=C8:FCA4444444444HC4444444444
;995??5;:2581:A9.1>

;>0 ;@;>;9<-:E
C,.?9,80:1%024>?=,9?,>>;0.4140/494?>.3,=?0=
18-C->1

&?,?0:149.:=;:=,?4:9 %&8;7:D0=/09?414.,?4:9!:

":191>5/-:%;-0
1->.;>: 5/453-:

//=0>>:1;=49.4;,70C0.@?4A0:114.0> +4;:/0

%024>?=,9?G>?070;3:909@8-0=49.7@/492,=0,.:/0
&1/A>5@51?>135?@1>10<A>?A-:@@;&1/@5;:
.;2@41/@
'5@81;21-/4/8-?? '>-05:3?E9.;8? !-91;21-/41D/4-:31;:C45/4>135?@1>10
CAACB,HC7?
D5FJ5@I9D9FG<5F9 '9K2CF?,HC7?L7<5B;9
'CH9G8I9#IB9
)+ '9K2CF?,HC7?L7<5B;9
'CH9G8I9979A69F
)+ '9K2CF?,HC7?L7<5B;9
&1/A>5@51?>135?@1>10<A>?A-:@@;&1/@5;:
3;2@41/@'CB9
"B8=75H96M7<97?A5F?=:H<9F9;=GHF5BH=G5K9@@?BCKBG95GCB98=GGI9F
5G89:=B98=B+I@9C:H<9,97IF=H=9G7H
29G'C
"B8=75H96M7<97?A5F?=:H<9F9;=GHF5BH=GBCHF9EI=F98HC:=@9F9DCFHGDIFGI5BHHC,97H=CBCF,97H=CB8C:H<97H
29G'C
"B8=75H96M7<97?A5F?=:H<9F9;=GHF5BH<5G:=@985@@F9DCFHGF9EI=F98HC69:=@986M,97H=CBCF8C:H<9
,97IF=H=9GL7<5B;97HC:8IF=B;H<9DF9798=B;ACBH<GCF:CFGI7<G<CFH9FD9F=C8H<5HH<9F9;=GHF5BHK5G
F9EI=F98HC:=@9GI7<F9DCFHG
5B8<5G699BGI6>97HHCGI7<:=@=B;F9EI=F9A9BHG:CFH<9D5GH85MG29G'C
"B8=75H96M7<97?A5F?K<9H<9FH<9F9;=GHF5BH<5GGI6A=HH989@97HFCB=75@@M9J9FM"BH9F57H=J95H5=@9F9EI=F98HC69
GI6A=HH98DIFGI5BHHC+I@9C:+9;I@5H=CB,-PC:H<=G7<5DH9F8IF=B;H<9DF9798=B;ACBH<GCF:CFGI7<
G<CFH9FD9F=C8H<5HH<9F9;=GHF5BHK5GF9EI=F98HCGI6A=HGI7<:=@9G29G'C
"B8=75H96M7<97?A5F?K<9H<9FH<9F9;=GHF5BH=G5@5F;95779@9F5H98:=@9F
5B5779@9F5H98:=@9F
5BCB5779@9F5H98:=@9F

5GA5@@9FF9DCFH=B;7CAD5BM
CF9A9F;=B;;FCKH<7CAD5BM,99H<989:=B=H=CBGC:X@5F;95779@9F5H98:=@9F
YX5779@9F5H98
:=@9F
YXGA5@@9FF9DCFH=B;7CAD5BM
Y5B8X9A9F;=B;;FCKH<7CAD5BMY=B+I@96C:H<9L7<5B;97H
%5F;95779@9F5H98:=@9F779@9F5H98:=@9F'CB5779@9F5H98:=@9F,A5@@9FF9DCFH=B;7CAD5BM
A9F;=B;;FCKH<7CAD5BM
":5B9A9F;=B;;FCKH<7CAD5BM
=B8=75H96M7<97?A5F?=:H<9F9;=GHF5BH<5G9@97H98BCHHCIG9H<99LH9B898HF5BG=H=CB
D9F=C8:CF7CAD@M=B;K=H<5BMB9KCFF9J=G98:=B5B7=5@577CIBH=B;GH5B85F8GDFCJ=898DIFGI5BHHC,97H=CB5C:H<9
L7<5B;97H
"B8=75H96M7<97?A5F?K<9H<9FH<9F9;=GHF5BH<5G:=@985F9DCFHCB5B85HH9GH5H=CBHC=HGA5B5;9A9BHWG5GG9GGA9BHC:
H<99::97H=J9B9GGC:=HG=BH9FB5@7CBHFC@CJ9F:=B5B7=5@F9DCFH=B;IB89F,97H=CB6C:H<9,5F65B9G(L@9M7H.,
66MH<9F9;=GH9F98DI6@=7577CIBH=B;:=FAH<5HDF9D5F98CF=GGI98=HG5I8=HF9DCFH
"B8=75H96M7<97?A5F?K<9H<9FH<9F9;=GHF5BH=G5G<9@@7CAD5BM5G89:=B98=B+I@96C:H<97H29G'C
GC:#IB9

CF8<58CIHGH5B8=B;

G<5F9GC:CAACB,HC7?5B8

G<5F9GC:
@5GG,HC7?5G98CBH<9'9K2CF?,HC7?L7<5B;9CADCG=H9-F5BG57H=CB7@CG=B;DF=79C:H<9CAACB,HC7?CB
H<5H85H9D9FG<5F9
H<95;;F9;5H9A5F?9HJ5@I9C:GI7<CAACB,HC7?K5G

@H<CI;<H<9F9=G
BCEICH98A5F?9H:CFCIF@5GG,HC7?
G<5F9GC:@5GG,HC7?A5M697CBJ9FH985H5BMH=A9=BHC5B9EI5@BIA69FC:
G<5F9GC:CAACB,HC7?:CFH<9DIFDCG9C:9::97H=B;H<9G5@9CFCH<9F8=GDCG=H=CBC:GI7<G<5F9GC:CAACB,HC7?-<9
G<5F9GC:CAACB,HC7?5B8@5GG,HC7?CIHGH5B8=B;5H#IB9
=B7@I898G<5F9GCKB986MD9FGCBGK<CA5M
69899A98HC69X5::=@=5H9GYC:CF8098CBCH69@=9J9
<CK9J9F
H<5H5BMGI7<D9FGCBG<CI@8697CBG=89F98HC695B
5::=@=5H9CF=B:CFA5H=CB7CB79FB=B;CKB9FG<=DC:CIHGH5B8=B;CAACB,HC7?5B8@5GG,HC7?
G99H<9)FCLM
,H5H9A9BH:CFCF8WGBBI5@&99H=B;C:,HC7?<C@89FG7IFF9BH@MG7<98I@98HC69<9@8CB&5M
CIFX)FCLM
,H5H9A9BHY
K<=7<=G=B7CFDCF5H986MF9:9F9B79IB89FJ5F=CIG"H9AGC:H<=G+9DCFH5G=B8=75H9869@CK
GC:#5BI5FM

CF8<58CIHGH5B8=B;

G<5F9GC:CAACB,HC7?5B8

G<5F9GC:
@5GG,HC7?5G98CBH<9'9K2CF?,HC7?L7<5B;9CADCG=H9-F5BG57H=CB7@CG=B;DF=79C:H<9CAACB,HC7?CB
H<5H85H9D9FG<5F9
H<95;;F9;5H9A5F?9HJ5@I9C:GI7<CAACB,HC7?K5G

"( !'&!"%#"%',%%!
;/A91:@ *41>1:/;><;>-@10
)FCLM,H5H9A9BH )5FH""""H9AG

5B8
4444444444
GGH5H98IB89FJ5F=CIG"H9AGC:H<=G+9DCFH
CB@M79FH5=BGD97=:=98DCFH=CBGC:GI7<8C7IA9BH5F9=B7CFDCF5H986M
F9:9F9B79=BH<=G+9DCFH
L<=6=H"B89L69;=BGCBD5;9
"% "'"%" #!,
!!(%#"%'"!"%

;>@41,1->:0101/19.1>

'-.81;2;:@1:@? #-31
#->@
"H9A IG=B9GG
(J9FJ=9K
IHCACH=J9,9;A9BH
&C6=@=HM,9;A9BH
CF8F98=H,9;A9BH
CFDCF5H9(H<9F
"BH9F9GHCB96H
CJ9FBA9BH5@,H5B85F8G
!IA5B5D=H5@+9GCIF79G
"H9A +=G?57HCFG
"H9A .BF9GC@J98,H5::CAA9BHG
"H9A )FCD9FH=9G
"H9A %9;5@)FC7998=B;G
"H9A &=B9,5:9HM=G7@CGIF9G
"H9A L97IH=J9(::=79FGC:CF8
#->@
"H9A &5F?9H:CF+9;=GHF5BHWGCAACBEI=HM
+9@5H98,HC7?<C@89F&5HH9FG5B8"GGI9F)IF7<5G9GC:
EI=HM,97IF=H=9G
"H9A ,9@97H98=B5B7=5@5H5
"H9A &5B5;9A9BHWG=G7IGG=CB5B8B5@MG=GC:=B5B7=5@CB8=H=CB5B8+9GI@HGC:(D9F5H=CBG
$9M-F9B8G5B87CBCA=757HCFG::97H=B;CF85B8H<9IHCACH=J9"B8IGHFM
+9GI@HGC:(D9F5H=CBG
IHCACH=J9,9;A9BH
&C6=@=HM,9;A9BH
CF8F98=H,9;A9BH
CFDCF5H9(H<9F
"BH9F9GHCB96H
-5L9G
+9GI@HGC:(D9F5H=CBG
IHCACH=J9,9;A9BH
&C6=@=HM,9;A9BH
CF8F98=H,9;A9BH
CFDCF5H9(H<9F
"BH9F9GHCB96H
-5L9G
%=EI=8=HM5B85D=H5@+9GCIF79G
F98=H+5H=B;G
(IH@CC?
5IH=CB5FM'CH9CBCFK5F8%CC?=B;,H5H9A9BHG
'CB )=B5B7=5@&95GIF9G-<5H,IDD@9A9BH )&95GIF9G
'CB )=B5B7=5@&95GIF9+97CB7=@=5H=CBG
,IDD@9A9BH5@=B5B7=5@"B:CFA5H=CB
F=H=75@77CIBH=B;GH=A5H9G
77CIBH=B;,H5B85F8G"GGI98IH'CH29H8CDH98
;;F9;5H9CBHF57HI5@(6@=;5H=CBG
=
'-.81;2;:@1:@?
/;:@5:A10
"H9A *I5BH=H5H=J95B8*I5@=H5H=J9=G7@CGIF9G6CIH&5F?9H+=G?
"H9A =B5B7=5@,H5H9A9BHG5B8,IDD@9A9BH5FM5H5
"H9A <5B;9G=B5B8=G5;F99A9BHGK=H<77CIBH5BHGCB77CIBH=B;5B8=B5B7=5@=G7@CGIF9
"H9A CBHFC@G5B8)FC798IF9G
"H9A (H<9F"B:CFA5H=CB
#->@
"H9A =F97HCFG
L97IH=J9(::=79FGC:CF8
5B8CFDCF5H9 CJ9FB5B79
"H9A L97IH=J9CAD9BG5H=CB
"H9A ,97IF=HM(KB9FG<=DC:9FH5=B9B9:=7=5@(KB9FG5B8&5B5;9A9BH5B8+9@5H98,HC7?<C@89F
&5HH9FG
"H9A 9FH5=B+9@5H=CBG<=DG5B8+9@5H98-F5BG57H=CBG
5B8=F97HCF"B89D9B89B79
"H9A )F=B7=D5@77CIBH=B;99G5B8,9FJ=79G
#->@)
"H9A L<=6=HG5B8=B5B7=5@,H5H9A9BH,7<98I@9G
"H9A CFA$,IAA5FM
,=;B5HIF9G
;>0 ;@;>;9<-:E-:0&A.?505->51?5:-:/5-8&@-@191:@?
+9DCFHC:"B89D9B89BH+9;=GH9F98)I6@=777CIBH=B;=FA
CBGC@=85H98,H5H9A9BHGC:5G<@CKG
CBGC@=85H98"B7CA9,H5H9A9BHG
CBGC@=85H98,H5H9A9BHGC:CADF9<9BG=J9"B7CA9
CBGC@=85H985@5B79,<99HG
CBGC@=85H98,H5H9A9BHGC:EI=HM
'CH9GHCH<9=B5B7=5@,H5H9A9BHG
,7<98I@9""V/5@I5H=CB5B8*I5@=:M=B;77CIBHG
==
#%'
'
31',#11
CF8&CHCFCAD5BMK5G=B7CFDCF5H98=B9@5K5F9=B0957EI=F98H<96IG=B9GGC:5&=7<=;5B7CAD5BM
5@GC
?BCKB5GCF8&CHCFCAD5BM
K<=7<<58699B=B7CFDCF5H98=BHCDFC8I795B8G9@@5IHCAC6=@9G89G=;B985B8
9B;=B99F986M!9BFMCF8095F95;@C65@7CAD5BM65G98=B95F6CFB
&=7<=;5B0=H<56CIH
9AD@CM99G
KCF@8K=89
H<9CAD5BM89G=;BG
A5BI:57HIF9G
A5F?9HG
5B8G9FJ=79G5:I@@@=B9C:CF8HFI7?G
IH=@=HMJ9<=7@9G
5B8
75FGU=B7F95G=B;@M=B7@I8=B;9@97HF=:=98J9FG=CBGU5B8%=B7C@B@ILIFMJ9<=7@9GDFCJ=89G:=B5B7=5@G9FJ=79GH<FCI;<CF8
&CHCFF98=HCAD5BM%%XCF8F98=HY5B8=GDIFGI=B;@9589FG<=DDCG=H=CBG=B9@97HF=:=75H=CBAC6=@=HMGC@IH=CBG

=B7@I8=B;G9@:8F=J=B;G9FJ=79G5B87CBB97H98J9<=7@9G9FJ=79G
"B588=H=CBHCH<9=B:CFA5H=CB56CIHCF85B8CIFGI6G=8=5F=9G7CBH5=B98=BH<=GBBI5@+9DCFHCBCFA$:CFH<9
M95F9B898979A69F
XCFA$+9DCFHYCFX+9DCFHY
9LH9BG=J9=B:CFA5H=CB56CIHCIFCAD5BM75B69
:CIB85H<HHD 7CFDCF5H9:CF87CA
=B7@I8=B;=B:CFA5H=CB56CIHCIFA5B5;9A9BHH95A
6F5B8G
DFC8I7HG
G9FJ=79G
5B8
7CFDCF5H9;CJ9FB5B79DF=B7=D@9G
-<97CFDCF5H9;CJ9FB5B79=B:CFA5H=CBCBCIFK96G=H9=B7@I89GCIFCFDCF5H9 CJ9FB5B79)F=B7=D@9G
C89C:H<=7G
:CF,9B=CF=B5B7=5@)9FGCBB9@
C89C:H<=7G:CFH<9C5F8C:=F97HCFG
C89C:CFDCF5H9CB8I7H:CF5@@9AD@CM99G

5B8H<9<5FH9FG:CF957<C:H<9CAA=HH99GC:CIFC5F8C:=F97HCFG"B588=H=CB
5BM5A9B8A9BHGHCCIFC89C:
H<=7GCFK5=J9FG;F5BH98HCCIF8=F97HCFG5B89L97IH=J9C::=79FGK=@@69DCGH98CBCIF7CFDCF5H9K96G=H9@@C:H<9G9
8C7IA9BHGA5M695779GG986M;C=B;HCCIF7CFDCF5H9K96G=H9
CFA5M69C6H5=B98:F99C:7<5F;96MKF=H=B;HCCIF
,<5F9<C@89F+9@5H=CBG9D5FHA9BH
CF8&CHCFCAD5BM
(B9A9F=75B+C58
)(CL
95F6CFB
&=7<=;5B

(IFF979BHD9F=C8=7F9DCFHG:=@98K=H<H<9,97IF=H=9G5B8L7<5B;9CAA=GG=CBX,YDIFGI5BHHC,97H=CB5CF
8C:H<9,97IF=H=9GL7<5B;97HC:
5G5A9B898
5F95J5=@56@9:F99C:7<5F;95H<HHD G<5F9<C@89F:CF87CA
-<=G=B7@I89GF979BHBBI5@+9DCFHGCBCFA$
*I5FH9F@M+9DCFHGCBCFA*
5B8IFF9BH+9DCFHGCBCFA$

5GK9@@5G5BM5A9B8A9BHGHCH<CG9F9DCFHG
5B8CIF,97H=CB:=@=B;G09DCGH957<C:H<9G98C7IA9BHGCBCIF
K96G=H95GGCCB5GF95GCB56@MDF57H=756@95:H9F=H=G9@97HFCB=75@@M:=@98K=H<H<9,(IFF9DCFHG:=@98K=H<H<9,5@GC
A5M69:CIB8CBH<9,WGK96G=H95HKKKG97;CJ
(IF,IGH5=B56=@=HM+9DCFH
K<=7<89H5=@GCIFD9F:CFA5B795B8DFC;F9GGHCK5F8CIFGIGH5=B56=@=HM5B87CFDCF5H9
F9GDCBG=6=@=HM;C5@G
=G5J5=@56@95H<HHD GIGH5=B56=@=HM:CF87CA
-<9:CF9;C=B;=B:CFA5H=CBF9;5F8=B;CIFK96G=H95B8=HG7CBH9BH=G:CF7CBJ9B=9B79CB@M5B8BCH899A98HC69
=B7CFDCF5H986MF9:9F9B79=BHCH<=G+9DCFHBCF:=@98K=H<H<9,

?08
@>490>>:9?49@0/
")%)*
9@CK=G589G7F=DH=CBC:CIFF9DCFH56@9G9;A9BHG5B8CH<9F57H=J=H=9G
('" "')& !'
-<9IHCACH=J9G9;A9BHDF=A5F=@M=B7@I89GH<9G5@9C:CF85B8%=B7C@BJ9<=7@9G
G9FJ=79D5FHG
5B85779GGCF=9G
KCF@8K=89
HC;9H<9FK=H<H<95GGC7=5H987CGHGHC89J9@CD
A5BI:57HIF9
8=GHF=6IH9
5B8G9FJ=79H<9J9<=7@9G
D5FHG
5B8
5779GGCF=9G-<=GG9;A9BH=B7@I89GF9J9BI9G5B87CGHGF9@5H98HCCIF9@97HF=:=75H=CBJ9<=7@9DFC;F5AG-<9G9;A9BH
=B7@I89GH<9:C@@CK=B;F9;=CB5@6IG=B9GGIB=HG'CFH<A9F=75
,CIH<A9F=75
IFCD9
<=B5=B7@I8=B;-5=K5B
5B8H<9
"BH9FB5H=CB5@&5F?9HG FCID
1:1>-8
(IFJ9<=7@96F5B8G5F9CF85B8%=B7C@B"B
K9GC@85DDFCL=A5H9@M

J9<=7@9G5HK<C@9G5@9H<FCI;<CIH
H<9KCF@8,99X"H9A&5B5;9A9BHWG=G7IGG=CB5B8B5@MG=GC:=B5B7=5@CB8=H=CB5B8+9GI@HGC:
(D9F5H=CBGYX"H9AY:CF58=G7IGG=CBC:CIF75@7I@5H=CBC:K<C@9G5@9IB=HJC@IA9G
,I6GH5BH=5@@M5@@C:CIFJ9<=7@9G
D5FHG
5B85779GGCF=9G5F9GC@8H<FCI;<8=GHF=6IHCFG5B8895@9FG7C@@97H=J9@M

X895@9FG<=DGY
H<9GI6GH5BH=5@A5>CF=HMC:K<=7<5F9=B89D9B89BH@MCKB98H979A69F
H<95DDFCL=A5H9BIA69FC:
895@9FG<=DGKCF@8K=898=GHF=6IH=B;CIFJ9<=7@96F5B8GK5G5G:C@@CKG
>-:0

CF8

CF8%=B7C@B7CA6=B98
%=B7C@B
-CH5@

098CBCH89D9B8CB5BMG=B;@97IGHCA9FCF5:9K7IGHCA9FGHCH<99LH9BHH<5HH<9@CGGC:GI7<7IGHCA9FGKCI@8
<5J95A5H9F=5@58J9FG99::97HCBCIF6IG=B9GG
"B588=H=CBHCH<9DFC8I7HGK9G9@@HCCIF895@9FG<=DG:CFF9H5=@G5@9
K95@GCG9@@J9<=7@9GHCCIF895@9FG<=DG:CFG5@9HC
:@99H7IGHCA9FG
=B7@I8=B;7CAA9F7=5@:@99H7IGHCA9FG
85=@MF9BH5@75F7CAD5B=9G
5B8;CJ9FBA9BHG095@GCG9@@D5FHG
5B85779GGCF=9G
DF=A5F=@MHCCIF895@9FG<=DGK<=7<
=BHIFB
G9@@H<9G9DFC8I7HGHCF9H5=@7IGHCA9FG5B8HC5IH<CF=N98
D5FHG8=GHF=6IHCFGK<=7<
=BHIFB
DF=A5F=@MG9@@H<9G9DFC8I7HGHCF9H5=@9FG095@GCC::9F9LH9B898G9FJ=797CBHF57HG
-<9KCF@8K=895IHCACH=J9=B8IGHFM=G5::97H98G=;B=:=75BH@M6M;9B9F5@97CBCA=75B8DC@=H=75@7CB8=H=CBGCJ9FK<=7<K9
<5J9@=HH@97CBHFC@/9<=7@9G5F98IF56@9;CC8G
5B87CBGIA9FG5B86IG=B9GG9G<5J9@5H=HI89=B89H9FA=B=B;K<9H<9F5B8
K<9BHCF9D@5795B9L=GH=B;J9<=7@9-<9897=G=CBK<9H<9FHCDIF7<5G95J9<=7@9A5M695::97H98G=;B=:=75BH@M6MG@CK=B;
97CBCA=7;FCKH<
;9CDC@=H=75@9J9BHG
5B8CH<9F:57HCFG=B7@I8=B;H<97CGHC:DIF7<5G=B;5B8CD9F5H=B;75FG
HFI7?G
5B8
IH=@=HMJ9<=7@9G5B8H<95J5=@56=@=HM5B87CGHC::=B5B7=B;5B8:I9@G5F9GI@H
H<9BIA69FC:75FG
HFI7?G
5B8IH=@=HM
J9<=7@9GGC@8A5MJ5FMGI6GH5BH=5@@M:FCAM95FHCM95FIFH<9F
H<95IHCACH=J9=B8IGHFM=G5<=;<@M7CAD9H=H=J96IG=B9GG
H<5H<5G5K=895B8;FCK=B;J5F=9HMC:DFC8I7H5B8G9FJ=79C::9F=B;G:FCA5;FCK=B;BIA69FC:A5BI:57HIF9FG

?08
@>490>>:9?49@0/
(IFK<C@9G5@9IB=HJC@IA9GJ5FMK=H<H<9@9J9@C:HCH5@=B8IGHFM89A5B85B8CIFG<5F9C:H<5H=B8IGHFM89A5B8(IF
K<C@9G5@9IB=HJC@IA9G5@GC5F9=B:@I9B7986MH<9@9J9@C:895@9F=BJ9BHCFM(IFG<5F9=G=B:@I9B7986M<CKCIFDFC8I7HG
5F9D9F79=J986M7IGHCA9FG=B7CAD5F=GCBHCH<CG9C::9F986MCH<9FA5BI:57HIF9FG65G98CBA5BM:57HCFG
=B7@I8=B;
DF=79
EI5@=HM
GHM@=B;
F9@=56=@=HM
G5:9HM
:I9@9::=7=9B7M
:IB7H=CB5@=HM
5B8F9DIH5H=CB(IFG<5F95@GC=G5::97H986MH<9H=A=B;
5B8:F9EI9B7MC:B9KAC89@=BHFC8I7H=CBG(IF56=@=HMHCG5H=G:M7<5B;=B;7CBGIA9F5B86IG=B9GGDF9:9F9B79GK=H<
F9GD97HHCHMD9CFG=N9C:J9<=7@9
5GK9@@5G89G=;B5B8D9F:CFA5B797<5F57H9F=GH=7G
5::97HGCIFG5@9G5B895FB=B;G
G=;B=:=75BH@M
GK=H<CH<9FA5BI:57HIF9FG
H<9DFC:=H56=@=HMC:CIF6IG=B9GG=G5::97H986MA5BM:57HCFG
=B7@I8=B;
Z 0<C@9G5@9IB=HJC@IA9G
Z &5F;=BC:DFC:=HCB957<J9<=7@9GC@8K<=7<
=BHIFB
=G5::97H986MA5BM:57HCFG
GI7<5G
\ &5F?9H:57HCFGJC@IA95B8A=LC:J9<=7@9G5B8CDH=CBGGC@8
5B8B9HDF=7=B;F9:@97H=B;
5ACB;CH<9F:57HCFG

=B79BH=J9DFC;F5AG
\ CGHGC:7CADCB9BHG5B8F5KA5H9F=5@GB979GG5FM:CFDFC8I7H=CBC:J9<=7@9G
\ CGHG:CF7IGHCA9FK5FF5BHM7@5=AG5B8588=H=CB5@G9FJ=7957H=CBG
\ CGHG:CFG5:9HM
9A=GG=CBG
5B8:I9@97CBCAMH97<BC@C;M5B89EI=DA9BH
Z <=;<DFCDCFH=CBC:F9@5H=J9@M:=L98GHFI7HIF5@7CGHG
GCH<5HGA5@@7<5B;9G=BK<C@9G5@9IB=HJC@IA9G75B
G=;B=:=75BH@M5::97HCJ9F5@@DFC:=H56=@=HM
(IF=B8IGHFM<5G5J9FM7CAD9H=H=J9DF=7=B;9BJ=FCBA9BH
8F=J9B=BD5FH6M=B8IGHFM9L79GG75D57=HMCFH<9D5GH
G9J9F5@897589G
A5BI:57HIF9FGHMD=75@@M<5J9;=J9BDF=798=G7CIBHG5B8CH<9FA5F?9H=B;=B79BH=J9GHCDFCJ=89J5@I9:CF
7IGHCA9FG5B8A5=BH5=BA5F?9HG<5F95B8DFC8I7H=CB@9J9@G-<9897@=B9=BJ5@I9C::CF9=;B7IFF9B7=9G=BH<9D5GH<5G
7CBHF=6IH98G=;B=:=75BH@MHC7CAD9H=H=J9DF9GGIF9G=BA5BMC:CIFA5F?9HG-<9.,58A=B=GHF5H=CB<5GGCI;<HHC588F9GG
H<=G=GGI9K=H<7IFF9B7MDFCJ=G=CBGH<5HK9F9=B7@I898=BH<9.B=H98,H5H9G&9L=7C5B585;F99A9BH5B8.B=H98,H5H9G
<=B5HF589895@G
:8;0?4?4A0#:>4?4:9-<9KCF@8K=895IHCACH=J9=B8IGHFM7CBG=GHGC:A5BMDFC8I79FG
K=H<BCG=B;@98CA=B5BH
DFC8I79F9FH5=BA5BI:57HIF9FG
<CK9J9F
577CIBH:CFH<9A5>CFD9F79BH5;9C:HCH5@G5@9GK=H<=BD5FH=7I@5F7CIBHF=9G

9GD97=5@@MH<9=F7CIBHF=9GC:CF=;=B
&0,>:9,74?D09A5B5;9CIFJ9<=7@9DFC8I7H=CBG7<98I@965G98CB5BIA69FC::57HCFG
=B7@I8=B;F9H5=@G5@9G
=9
IB=HGGC@86MCIF895@9FG<=DGHCH<9=F7IGHCA9FG5HF9H5=@5B8895@9FGHC7?@9J9@G=9
H<9BIA69FC:IB=HG<9@8=B
=BJ9BHCFM6MCIF895@9FG<=DG:CFG5@9HCH<9=F7IGHCA9FG!=GHCF=75@@M
K9<5J99LD9F=9B798GCA9G95GCB5@:@I7HI5H=CB=B
H<96IG=B9GG
K=H<DFC8I7H=CB=BA5BMA5F?9HGH9B8=B;HC69<=;<9F=BH<9:=FGH<5@:C:H<9M95FHCA99H89A5B8=BH<9
GDF=B;5B8GIAA9FHMD=75@@MH<9GHFCB;9GHG5@9GACBH<GC:H<9M95F"B
6975IG9C:DFC8I7H=CB8=GFIDH=CBG=BH<9
:=FGH<5@:C:H<9M95F8I9HC(/"
DFC8I7H=CBK5G<=;<9F=BH<9G97CB8<5@:C:H<9M95F
,.67:2"=/0=>09;9B9F5@@MDFC8I795B8G<=DCIFDFC8I7HGCB5J9F5;9K=H<=B5DDFCL=A5H9@M85MGC:5BCF89F
697CA=B;:=FA-<9F9:CF9
BCG=;B=:=75BH5ACIBHC:657?@C;CF89FG577IAI@5H9G8IF=B;5BMD9F=C8
%,B ,?0=4,7>09DIF7<5G95K=89J5F=9HMC:F5KA5H9F=5@G:FCABIA9FCIGGIDD@=9FG5FCIB8H<9KCF@8:CFIG9=BH<9
DFC8I7H=CBC:
5B889J9@CDA9BHC:H97<BC@C;=9G=B
CIFJ9<=7@9G-<9G9A5H9F=5@G=B7@I8965G9A9H5@G9;
GH99@5B8
5@IA=BIA
DF97=CIGA9H5@G9;
D5@@58=IA
9B9F;M9;
B5HIF5@;5G
5B8D@5GH=7G F9G=BG9;
DC@MDFCDM@9B909
69@=9J9K9<5J9589EI5H9GIDD@=9GCFGCIF79GC:5J5=@56=@=HMC:F5KA5H9F=5@GB979GG5FMHCA99HCIFB998G<CK9J9F

H<9F95@K5MG5F9F=G?G5B8IB79FH5=BH=9GK=H<F9GD97HHCH<9GIDD@MC:F5KA5H9F=5@GH<5H7CI@8=AD57H5J5=@56=@=HM=B
GI::=7=9BHEI5BH=H=9G5B85H7CGH9::97H=J9DF=79GHCA99HCIFB998G,99H<9X$9M-F9B8G5B87CBCA=757HCFG::97H=B;
CF85B8H<9IHCACH=J9"B8IGHFMYG97H=CBC:"H9A:CF58=G7IGG=CBC:GIDD@=9F8=GFIDH=CBG75IG986M5G<CFH5;9C:?9M
7CADCB9BHG
5GK9@@5G7CAAC8=HM5B89B9F;MDF=797<5B;9G
5B8X"H9A*I5BH=H5H=J95B8*I5@=H5H=J9=G7@CGIF9G
56CIH&5F?9H+=G?YX"H9AY:CF58=G7IGG=CBC:7CAAC8=HMDF=79F=G?G
9?0770.?@,7#=:;0=?D09CKBCF<C@8@=79BG9GHCIG9BIA9FCIGD5H9BHG
HF589G97F9HG
7CDMF=;<HG
5B8HF589A5F?GCB
5;@C65@65G=G099LD97HHC7CBH=BI96I=@8=B;H<=GDCFH:C@=C5GK957H=J9@MDIFGI9=BBCJ5H=CB=B9J9FMD5FHC:CIF
6IG=B9GG095@GCCKBBIA9FCIGHF589A5F?G5B8G9FJ=79A5F?GH<5H7CBHF=6IH9HCH<9=89BH=HM5B8F97C;B=H=CBC:CIF
CAD5BM5B8=HGDFC8I7HG5B8G9FJ=79G;@C65@@M0<=@9CIF=BH9@@97HI5@DFCD9FHMF=;<HG=BH<95;;F9;5H95F9=ADCFH5BHHC
H<9CD9F5H=CBC:957<C:CIF6IG=B9GG9G
K98CBCH69@=9J9H<5HCIF6IG=B9GGKCI@869A5H9F=5@@M5::97H986MH<99LD=F5H=CB
C:5BMD5FH=7I@5F=BH9@@97HI5@DFCD9FHMF=;<HCFH9FA=B5H=CBC:5BMD5FH=7I@5F=BH9@@97HI5@DFCD9FHM5;F99A9BH

?08
@>490>>:9?49@0/
*,==,9?D:A0=,20407/&0=A4.0.?4:9>,9/@>?:80=&,?4>1,.?4:9.?4:9>09DFCJ=89K5FF5BH=9GCBJ9<=7@9GK9
G9@@05FF5BH=9G5F9C::9F98:CFGD97=:=7D9F=C8GC:H=A95B8 CFA=@95;9
5B8J5FM89D9B8=B;IDCBH<9HMD9C:DFC8I7H5B8
H<9;9C;F5D<=7@C75H=CBC:=HGG5@9)IFGI5BHHCH<9G9K5FF5BH=9G
K9K=@@F9D5=F
F9D@579
CF58>IGH5@@D5FHGCB5J9<=7@9
H<5H5F989:97H=J9=B:57HCFMGIDD@=98A5H9F=5@GCFKCF?A5BG<=D8IF=B;H<9GD97=:=98K5FF5BHMD9F=C8"B588=H=CBHCH<9
7CGHG5GGC7=5H98K=H<H<=GK5FF5BHM7CJ9F5;9DFCJ=898CBCIFJ9<=7@9G
K95@GC=B7IF7CGHG5G5F9GI@HC::=9@8G9FJ=79
57H=CBG=9
G5:9HMF975@@G
9A=GG=CBF975@@G
5B8CH<9FDFC8I7H75AD5=;BG
5B8:CF7IGHCA9FG5H=G:57H=CB57H=CBG
CF588=H=CB5@=B:CFA5H=CBF9;5F8=B;K5FF5BHM5B8F9@5H987CGHG
G99XF=H=75@77CIBH=B;GH=A5H9GY=B"H9A5B8
'CH9C:H<9'CH9GHCH<9=B5B7=5@,H5H9A9BHG
*4;81?-81?
0<C@9G5@9G7CBG=GHDF=A5F=@MC:J9<=7@9GGC@8HC895@9FG<=DGCFH<9A5>CF=HMC:GI7<G5@9G
K9F97C;B=N9F9J9BI9
K<9BK9G<=DH<9J9<=7@9GHCCIF895@9FG<=DG:FCACIFA5BI:57HIF=B;:57=@=H=9G,99"H9A:CF588=H=CB5@8=G7IGG=CBC:
F9J9BI9F97C;B=H=CBDF57H=79G0<C@9G5@9G=B957<F9;=CB5B8=B79FH5=B?9MA5F?9HGK=H<=B957<F9;=CB8IF=B;H<9D5GH
H<F99M95FGK9F95G:C@@CKG
*4;81?-81?-
5:@4;A?-:0?;2A:5@?

.B=H98,H5H9G

5B585
&9L=7C
'CFH<A9F=75

F5N=@
F;9BH=B5
,CIH<A9F=75
.B=H98$=B;8CA
9FA5BM
.6

-IF?9M
IFCD9

<=B57
IGHF5@=5
"B8=5
,'8
+IGG=5
-CH5@CAD5BM

4444444444
5 0<C@9G5@9IB=HJC@IA9G=B7@I89G5@9GC:A98=IA5B8<95JMHFI7?G0<C@9G5@9IB=HJC@IA9G5@GC=B7@I895@@CF85B8%=B7C@B658;98IB=HG
K<9H<9FDFC8I7986MCF8CF6M5BIB7CBGC@=85H985::=@=5H9H<5H5F9GC@8HC895@9FG<=DG
IB=HGA5BI:57HIF986MCF8H<5H5F9GC@8HCCH<9F
A5BI:57HIF9FG
IB=HG8=GHF=6IH986MCF8:CFCH<9FA5BI:57HIF9FG
5B8@C75@6F5B8IB=HGDFC8I7986MCIFIB7CBGC@=85H98<=B9G9>C=BHJ9BHIF9
#=5B;@=B;&CHCFGCFDCF5H=CB
%H8X#&YH<5H5F9GC@8HC895@9FG<=DG/9<=7@9GGC@8HC85=@MF9BH5@75F7CAD5B=9GH<5H5F9GI6>97HHC5;I5F5BH998
F9DIF7<5G9CDH=CB=9
F9BH5@F9DIF7<5G9
5GK9@@5GCH<9FG5@9GC::=B=G<98J9<=7@9G:CFK<=7<H<9F97C;B=H=CBC:F9J9BI9=G89:9FF989;

7CBG=;BA9BHG
5@GC5F9=B7@I898=BK<C@9G5@9IB=HJC@IA9G+9J9BI9:FCA79FH5=BJ9<=7@9G=BK<C@9G5@9IB=HJC@IA9GGD97=:=75@@M
CF8658;98
J9<=7@9GDFC8I7985B88=GHF=6IH986MCIFIB7CBGC@=85H985::=@=5H9G
5GK9@@5G#&6F5B8J9<=7@9G5F9BCH=B7@I898=BCIFF9J9BI9
6 .A5F?9HG5F9.B=H98$=B;8CA
9FA5BM
F5B79
"H5@M
,D5=B
IGHF=5
9@;=IA
N97<+9DI6@=7
9BA5F?
=B@5B8
F9979
!IB;5FM
"F9@5B8

H<9'9H<9F@5B8G
'CFK5M
)C@5B8
)CFHI;5@
+CA5B=5
,K989B
5B8,K=HN9F@5B8
7 <=B5=B7@I89G-5=K5B
8 ,'=B7@I89G)<=@=DD=B9G
-<5=@5B8
5B8/=9HB5A

?08
@>490>>:9?49@0/
%1@-58&-81?:0A?@>E);8A91-:0 ->71@&4->1
+9H5=@G5@9G
=B8IGHFMJC@IA9
5B8A5F?9HG<5F9=B957<F9;=CB5B8=B79FH5=B?9MA5F?9HGK=H<=B957<F9;=CB8IF=B;
H<9D5GHH<F99M95FGK9F95G:C@@CKG
%1@-58&-81?- :0A?@>E);8A91. ->71@&4->1/

5:95885;:?;2A:5@? 5:95885;:?;2A:5@? -?-<1>/1:@-31

.B=H98,H5H9G
5B585
&9L=7C V
'CFH<A9F=75
F5N=@
F;9BH=B5 V
,CIH<A9F=75
.B=H98$=B;8CA
9FA5BM
.8
-IF?9M V
IFCD9
<=B59
IGHF5@=5
"B8=5
,':
+IGG=5 V V
@C65@ -CH5@CAD5BM
4444444444
5 +9H5=@G5@9GF9DF9G9BHGDF=A5F=@MG5@9G6M895@9FG5B8=G65G98
=BD5FH
CB9GH=A5H98J9<=7@9F9;=GHF5H=CBG=B7@I89GA98=IA5B8<95JMHFI7?G
6 "B8IGHFMJC@IA9=G5B=BH9FB5@9GH=A5H965G98CBDI6@=7@M5J5=@56@985H57C@@97H98:FCAJ5F=CIG;CJ9FBA9BH
DF=J5H9
5B8DI6@=7GCIF79G5FCIB8H<9
;@C69=B7@I89GA98=IA5B8<95JMHFI7?G
7 &5F?9HG<5F9F9DF9G9BHGF9DCFH98F9H5=@G5@9GC:CIF6F5B8G5G5D9F79BHC:HCH5@=B8IGHFMJC@IA9=BH<9F9@9J5BHA5F?9HCFF9;=CB
8 .A5F?9HG5F9.B=H98$=B;8CA
9FA5BM
F5B79
"H5@M
,D5=B
IGHF=5
9@;=IA
N97<+9DI6@=7
9BA5F?
=B@5B8
F9979
!IB;5FM
"F9@5B8

H<9'9H<9F@5B8G
'CFK5M
)C@5B8
)CFHI;5@
+CA5B=5
,K989B
5B8,K=HN9F@5B8
9 <=B5=B7@I89G-5=K5B<=B5A5F?9HG<5F9=B7@I89GCF86F5B85B8#&6F5B8J9<=7@9GDFC8I7985B8GC@86MCIFIB7CBGC@=85H985::=@=5H9G
: ,'=B7@I89G)<=@=DD=B9G
-<5=@5B8
5B8/=9HB5A
(&&-81?.E'E<1
-<9:C@@CK=B;H56@9G<CKG.,F9H5=@G5@9GJC@IA95B8.,K<C@9G5@9GG9;F9;5H986MHFI7?

GDCFHIH=@=HMJ9<=7@9
X,./Y
5B875FG5@9G.,F9H5=@G5@9GJC@IA9F9:@97HGHF5BG57H=CBGK=H<=F9H5=@5B8:@99H7IGHCA9FG5GF9DCFH986M
895@9FG
==;CJ9FBA9BH
5B8===CF8A5B5;9A9BH.,K<C@9G5@9GF9:@97HG5@9GHC895@9FG
(&%1@-58&-81? (&*4;81?-81?

-FI7?G

,./G

5FG

-CH5@/9<=7@9G

?08
@>490>>:9?49@0/
"',& !'
-<9&C6=@=HMG9;A9BHDF=A5F=@M=B7@I89G89J9@CDA9BH7CGHG:CFCF8WG5IHCBCACIGJ9<=7@9G5B8F9@5H986IG=B9GG9G

CF8WG9EI=HMCKB9FG<=D=BF;C"589J9@CD9FC:5IHCBCACIG8F=J=B;GMGH9AG
5B8CH<9FAC6=@=HM6IG=B9GG9G5B8
=BJ9GHA9BHG=B7@I8=B;,D=B
5A=7FCAC6=@=HMG9FJ=79DFCJ=89F::97H=J9#5BI5FM

H<97CGHG5B869B9:=HGF9@5H98
HCCF8WG9BH9FDF=G97CBB97H=J=HM57H=J=H=9G=B7@I898=BH<9&C6=@=HMG9;A9BHK=@@69F9DCFH98=BH<9IHCACH=J9G9;A9BH
"%%'& !'
-<9CF8F98=HG9;A9BH=G7CADF=G98C:H<9CF8F98=H6IG=B9GGCB57CBGC@=85H9865G=G
K<=7<=GDF=A5F=@MJ9<=7@9
F9@5H98:=B5B7=B;5B8@95G=B;57H=J=H=9G
CF8F98=HC::9FG5K=89J5F=9HMC:5IHCACH=J9:=B5B7=B;DFC8I7HGHC5B8H<FCI;<5IHCACH=J9895@9FGH<FCI;<CIHH<9
KCF@8-<9DF98CA=B5BHG<5F9C:CF8F98=HWG6IG=B9GG7CBG=GHGC::=B5B7=B;CIFJ9<=7@9G5B8GIDDCFH=B;CIF
895@9FGCF8F98=H95FBG=HGF9J9BI9DF=A5F=@M:FCAD5MA9BHGA589IB89FF9H5=@=BGH5@@A9BHG5@95B8:=B5B79@95G9
F9H5=@:=B5B7=B;5B8CD9F5H=B;@95G97CBHF57HGH<5H=HCF=;=B5H9G5B8DIF7<5G9G=BH9F9GHF5H9GIDD@9A9BHG5B8CH<9F
GIDDCFHD5MA9BHG:FCAIG5B8CIF5::=@=5H9G5B8D5MA9BHGA589IB89F895@9F:=B5B7=B;DFC;F5AG
G5F9GI@HC:H<9G9:=B5B7=B;57H=J=H=9G
CF8F98=H<5G5@5F;9DCFH:C@=CC::=B5B79F979=J56@9G5B8CD9F5H=B;@95G9G
K<=7<=H7@5GG=:=9G=BHCHKCDCFH:C@=CGVX7CBGIA9FY5B8XBCB7CBGIA9FY=B5B79F979=J56@9G5B8CD9F5H=B;@95G9G=BH<9
7CBGIA9FDCFH:C@=C=B7@I89DFC8I7HGC::9F98HC=B8=J=8I5@G5B86IG=B9GG9GH<5H:=B5B79H<957EI=G=H=CBC:CIFJ9<=7@9G:FCA
895@9FG:CFD9FGCB5@5B87CAA9F7=5@IG9+9H5=@:=B5B7=B;=B7@I89GF9H5=@=BGH5@@A9BHG5@97CBHF57HG:CFB9K5B8IG98
J9<=7@9G5B8:=B5B79@95G9G7CADF=G98C:G5@9GHMD95B88=F97H:=B5B7=B;@95G9G:CFB9KJ9<=7@9GHCF9H5=@5B8
7CAA9F7=5@7IGHCA9FG
=B7@I8=B;@95G=B;7CAD5B=9G
;CJ9FBA9BH9BH=H=9G
85=@MF9BH5@7CAD5B=9G
5B8:@99H7IGHCA9FG
=B5B79F979=J56@9G=BH<9BCB7CBGIA9FDCFH:C@=C=B7@I89DFC8I7HGC::9F98HC5IHCACH=J9895@9FGCF8F98=HA5?9G
K<C@9G5@9@C5BGHC895@9FGHC:=B5B79H<9DIF7<5G9C:J9<=7@9=BJ9BHCFM
5@GC?BCKB5G:@CCFD@5B:=B5B7=B;
5GK9@@5G
@C5BGHC895@9FGHC:=B5B79KCF?=B;75D=H5@5B8=ADFCJ9A9BHGHC895@9FG<=D:57=@=H=9G
:=B5B79H<9DIF7<5G9C:895@9FG<=D
F95@9GH5H9
5B8:=B5B79CH<9F895@9FJ9<=7@9DFC;F5AGCF8F98=H5@GCDIF7<5G9GF979=J56@9G;9B9F5H986MIG5B8CIF
5::=@=5H9G
DF=A5F=@MF9@5H98HCH<9G5@9C:D5FHG5B85779GGCF=9GHC895@9FG5B879FH5=BIG98J9<=7@9G:FCA85=@MF9BH5@:@99H
7CAD5B=9GCF8F98=H5@GCDFCJ=89G:=B5B7=B;HCIG:CFJ9<=7@9GH<5HK9@95G9HCCIF9AD@CM99G
CF8F98=H8C9G6IG=B9GG=BH<9.B=H98,H5H9G5B85B585H<FCI;<6IG=B9GG79BH9FG(IHG=89C:H<9.B=H98,H5H9G

IFCD9=GCF8F98=HWG@5F;9GHCD9F5H=CBCF8F98=HWGIFCD95BCD9F5H=CBG5F9A5B5;98DF=A5F=@MH<FCI;<=HG.B=H98
$=B;8CA65G98GI6G=8=5FM
5B?D@7XY0=H<=BIFCD9
CF8F98=HWG@5F;9GHA5F?9HG5F9H<9.B=H98$=B;8CA
5B8 9FA5BM
,99"H9A5B8'CH9G5B8C:H<9'CH9GHCH<9=B5B7=5@,H5H9A9BHG:CF589H5=@988=G7IGG=CBC:CF8F98=HWG
F979=J56@9G
7F98=H@CGG9G
5@@CK5B79:CF7F98=H@CGG9G
@CGGHCF979=J56@9GF5H=CG
:IB8=B;GCIF79G
5B8:IB8=B;GHF5H9;=9G
,99"H9A:CF58=G7IGG=CBC:<CKCF8F98=HA5B5;9G=HG:=B5B7=5@A5F?9HF=G?G
09FCIH=B9@MGDCBGCFGD97=5@F9H5=@:=B5B7=B;5B8@95G9=B79BH=J9GHC895@9FGW7IGHCA9FGK<C7<CCG9HC:=B5B79CF
@95G9CIFJ9<=7@9G:FCACF8F98=H"BCF89FHC7CAD9BG5H9CF8F98=H:CFH<9@CK9F=BH9F9GHCF@95G9D5MA9BHGC::9F98
HCH<9F9H5=@7IGHCA9F
K9D5MH<98=G7CIBH98J5@I9C:H<9=B79BH=J98=F97H@MHCCF8F98=HK<9B=HCF=;=B5H9GH<9F9H5=@
:=B5B79CF@95G97CBHF57HK=H<H<9895@9FWG7IGHCA9F-<9G9DFC;F5AG=B7F95G9CF8F98=HWG:=B5B7=B;JC@IA95B8
G<5F9,99'CH9C:H<9'CH9GHCH<9=B5B7=5@,H5H9A9BHG:CF=B:CFA5H=CB56CIHCIF577CIBH=B;:CFH<9G9DFC;F5AG
09<5J95,97CB8A9B8985B8+9GH5H98+9@5H=CBG<=D;F99A9BHK=H<CF8F98=H
DIFGI5BHHCK<=7<
=:CF8
F98=HWGA5B5;98@9J9F5;9:CF575@9B85FEI5FH9FK9F9HC69<=;<9FH<5B5GF9DCFH98=B=HGACGHF979BHD9F=C8=7
F9DCFH
CF8F98=H7CI@8F9EI=F9IGHCA5?9CF75IG9HC69A589575D=H5@7CBHF=6IH=CBHC=H=B5B5ACIBHGI::=7=9BHHC
<5J975IG98GI7<A5B5;98@9J9F5;9HC<5J9699B'C75D=H5@7CBHF=6IH=CBG<5J9699BA589DIFGI5BHHCH<=G
5;F99A9BH"B5G9D5F5H95;F99A9BHK=H<
CF8F98=H<5G5;F998HCA5=BH5=BWGB9HKCFH<=B9L79GGC:
A=@@=CB'CD5MA9BHG<5J9699BA589DIFGI5BHHCH<5H5;F99A9BH
CF8F98=H:=@9GD9F=C8=7F9DCFHGK=H<H<9,H<5H7CBH5=B588=H=CB5@=B:CFA5H=CBF9;5F8=B;CF8F98=H-<9F9DCFHG
5F95J5=@56@9H<FCI;<CF8F98=HWGK96G=H9@C75H985HKKK:CF87F98=H7CA =BJ9GHCF79BH9F5B875B5@GC69:CIB8CBH<9
,WGK96G=H9@C75H985HKKKG97;CJ
-<9:CF9;C=B;=B:CFA5H=CBF9;5F8=B;CF8F98=HWGK96G=H95B8=HG7CBH9BH=G:CF7CBJ9B=9B79CB@M5B8BCH899A98HC
69=B7CFDCF5H986MF9:9F9B79=BHCH<=G+9DCFHBCF:=@98K=H<H<9,

?08
@>490>>:9?49@0/
"%#"%'"'%
CFDCF5H9(H<9FDF=A5F=@M=B7@I89G7CFDCF5H9;CJ9FB5B799LD9BG9G
=BH9F9GH=B7CA99L7@I8=B;=BH9F9GH95FB98CBCIF
9LH9B898G9FJ=797CBHF57HDCFH:C@=CH<5H=G=B7@I898=BCIFIHCACH=J9G9;A9BH5B8;5=BG5B8@CGG9G:FCACIF75G<
75G<
9EI=J5@9BHG
A5F?9H56@9G97IF=H=9G5B8CH<9F=BJ9GHA9BHG
5B8:CF9=;B9L7<5B;989F=J5H=J9G;5=BG5B8@CGG9G5GGC7=5H98
K=H<=BH9F7CAD5BM@9B8=B;CFDCF5H9;CJ9FB5B799LD9BG9G5F9DF=A5F=@M58A=B=GHF5H=J9
89@=J9F=B;69B9:=HCB69<5@:C:
H<9;@C65@9BH9FDF=G9
5B85F9BCH5@@C75H98HCGD97=:=7IHCACH=J96IG=B9GGIB=HGCFCD9F5H=B;G9;A9BHG-<9G9=B7@I89
9LD9BG9GF9@5H98HCG9HH=B;5B88=F97H=B;;@C65@DC@=7M
DFCJ=8=B;CJ9FG=;<H5B8GH9K5F8G<=D
5B8DFCACH=B;H<9
CAD5BMWG=BH9F9GHG
::97H=J9#5BI5FM

=75G<5B8CH<9F79BHF5@@MA5B5;987CFDCF5H95GG9HGF9DCFH98=BH<9IHCACH=J9G9;A9BH
K=@@69F95@=;B98HCCFDCF5H9(H<9F
5B8==79FH5=B7CFDCF5H9;CJ9FB5B799LD9BG9GH<5H69B9:=HH<9;@C65@9BH9FDF=G9
F9DCFH98=BH<9IHCACH=J9G9;A9BHK=@@69F9DCFH985GD5FHC:CFDCF5H9(H<9F
!'%&'"!'
"BH9F9GHCB96H7CBG=GHGC:=BH9F9GH9LD9BG9CBIHCACH=J95B8(H<9F896H
")%! !'&'!%&
&5BM;CJ9FBA9BH5@GH5B85F8G5B8F9;I@5H=CBGF9@5H=B;HCG5:9HM
:I9@97CBCAM
9A=GG=CBG7CBHFC@
BC=G97CBHFC@

J9<=7@9F97M7@=B;
GI6GH5B79GC:7CB79FB
J9<=7@985A5;9
5B8H<9:HDF9J9BH=CB5F95DD@=756@9HCB9KACHCFJ9<=7@9G

9B;=B9G
5B89EI=DA9BH"B588=H=CB
A5BI:57HIF=B;5B8CH<9F5IHCACH=J95GG9A6@M:57=@=H=9G5F9GI6>97HHCGHF=B;9BH
GH5B85F8GF9;I@5H=B;5=F9A=GG=CBG
K5H9F8=G7<5F;9G
5B8H<9<5B8@=B;5B88=GDCG5@C:<5N5F8CIGGI6GH5B79G-<9ACGH
G=;B=:=75BHC:H<9GH5B85F8G5B8F9;I@5H=CBG5::97H=B;IG5F98=G7IGG9869@CK
)145/8195??5;:?;:@>;8
(&%0<@4=0809?>0/0=,7,9/,741:=94,',47;4;084>>4:9&?,9/,=/>CH<H<9.,BJ=FCBA9BH5@)FCH97H=CB

;9B7MX)Y5B8H<95@=:CFB=5=F+9GCIF79GC5F8X+Y<5J99GH56@=G<98ACHCFJ9<=7@9H5=@D=D95B89J5DCF5H=J9
9A=GG=CBGGH5B85F8GH<5H697CA9=B7F95G=B;@MGHF=B;9BHCJ9FH=A9-<=FH99BGH5H9G<5J958CDH985@=:CFB=5WG@=;<H8IHM
GH5B85F8G
5B8CH<9FGH5H9GA5M>C=BH<9ACH<:989F5@5B85@=:CFB=5F9;I@5H=CBG5@GCF9EI=F9ACHCFJ9<=7@9GHC69
9EI=DD98K=H<CB6C5F88=5;BCGH=7X(YGMGH9AGH<5HACB=HCF9A=GG=CBF9@5H98GMGH9AG5B87CADCB9BHG"B588=H=CB

@=;<H5B8A98=IA8IHMJ9<=7@9G5B8<95JM8IHM9B;=B9GAIGH6979FH=:=986M)DF=CFHCG5@9=BH<9.B=H98,H5H9G5B86M
+DF=CFHCG5@9=B5@=:CFB=55B8H<9F9@9J5BHGH5H9G5B5855779DHG)79FH=:=75H=CBCAD@=5B79K=H<9A=GG=CBG
GH5B85F8G
(F9EI=F9A9BHG
5B8F9@5H98F9;I@5H=CBG75B697<5@@9B;=B;5B875B8F=J9=B7F95G98DFC8I7H89J9@CDA9BH
7CGHG
K5FF5BHM7CGHG
5B8J9<=7@9F975@@G
+=G=BH<9DFC79GGC:58CDH=B;B9K9A=GG=CBGF9;I@5H=CBG5DD@=756@9HCAC89@M95F<95JM8IHM9B;=B9G

5B8)<5G5BBCIB798H<5H=H=BH9B8GHC58CDHACF9GHF=B;9BH<95JM8IHMGH5B85F8G5GK9@@-<9G9FI@9G5F9@=?9@MHC
=B7@I89ACF9GHF=B;9BH9A=GG=CBGGH5B85F8G5GK9@@5GB9KF9EI=F9A9BHG5::97H=B;8IF56=@=HMH9GH=B;
K5FF5BHM
5B8(
+<5G5@GC69;IBHC89J9@CDB9K@=;<H8IHM9A=GG=CBGGH5B85F8G9LD97H98HC=B7@I895ACF9GHF=B;9BH:@99H5J9F5;9
9A=GG=CBGGH5B85F85B8588CH<9FB9K9A=GG=CBG@=A=HG-<9G9B9KFI@9G5F99LD97H98HC=ADCG9=B7F95G987<5@@9B;9G
5B87CGHGCBH<989J9@CDA9BHC:@=;<H8IHMJ9<=7@9G5B8<95JM8IHM9B;=B9G
CAD@=5B79K=H<5IHCAC6=@99A=GG=CBGGH5B85F8G89D9B8G=BD5FHCBH<9K=89GDF9585J5=@56=@=HMC:<=;<EI5@=HM5B8
7CBG=GH9BH5IHCACH=J9:I9@GH<5HH<9J9<=7@9GK9F989G=;B98HCIG9%9;=G@5H=J9
F9;I@5HCFM
5B8>I8=7=5@89J9@CDA9BHG
F9@5H98HC:I9@EI5@=HM5H6CH<H<9B5H=CB5@5B8GH5H9@9J9@G7CI@85::97HJ9<=7@9A5BI:57HIF9FGWK5FF5BHM7CGHG5GK9@@5G
H<9=F56=@=HMHC7CAD@MK=H<J9<=7@99A=GG=CBGGH5B85F8G
-<95@=:CFB=5J9<=7@99A=GG=CBGDFC;F5A5@GC=B7@I89GF9EI=F9A9BHG:CFA5BI:57HIF9FGHCDFC8I795B889@=J9F:CF
G5@9N9FC9A=GG=CBJ9<=7@9GX3/GY-<97IFF9BH@=;<H8IHMJ9<=7@93/F9;I@5H=CB
K<=7<IG9G5GMGH9A65G98CB
7F98=HGH<5H75B6965B?985B875FF=98:CFK5F8
A5B85H9GGI6GH5BH=5@5BBI5@=B7F95G9G=BH<9DFC8I7H=CB5B8G5@9C:
65HH9FM9@97HF=7
:I9@79@@
5B8D@I;=B<M6F=8J9<=7@9GH<FCI;<H<9AC89@M95FHH<5HH=A9
H<9F9;I@5H=CBK=@@F9EI=F9
7F98=HG9EI5H=B;HCD9F79BHC:5A5BI:57HIF9FWG5@=:CFB=5@=;<H8IHMJ9<=7@9G5@9GJC@IA95@=:CFB=5<5G5@GC=BGH=HIH98
3/F9;I@5H=CBG5=A985HA98=IA5B8<95JM8IHMJ9<=7@9G
69;=BB=B;K=H<H<9AC89@M95F-<9G9A98=IA5B8
<95JM8IHMFI@9G
K<=7<7CI@89BH5=@G=;B=:=75BH7CGHG5B87CAD@=5B797<5@@9B;9G
=B7@I897CAD@9LK5FF5BHM5B8F975@@
F9EI=F9A9BHG:CFGCA9J9<=7@97CB:=;IF5H=CBGCAD@=5B79K=H<3/FI@9G89D9B8GCBA5F?9H7CB8=H=CBG5GK9@@5GH<9
5J5=@56=@=HMC:589EI5H9=B:F5GHFI7HIF9HCGIDDCFHJ9<=7@97<5F;=B;

?08
@>490>>:9?49@0/
@=:;0,9%0<@4=0809?>IFCD95B.B=CBX.Y8=F97H=J9G5B8F9@5H98@9;=G@5H=CB@=A=HH<95ACIBHC:F9;I@5H98
DC@@IH5BHGH<5HA5M699A=HH986MB9KACHCFJ9<=7@9G5B89B;=B9GGC@8=BH<9.+9;I@5HCFMGHF=B;9B7M<5G=B7F95G98
G=;B=:=75BH@MG=B79K<9B,H5;9/"9A=GG=CBGH5B85F8GK9F9=BHFC8I798,=B79H<9B
5@56CF5HCFMH9GH7M7@9:CF(
5B89A=GG=CBGK5G=AD@9A9BH98=B
:C@@CK986MH<9=BHFC8I7H=CBC:CBFC589A=GG=CBH9GH=B;IG=B;DCFH56@99A=GG=CB
5B5@MN9FG+95@F=J=B;A=GG=CBCFX+Y-<9G9CBFC589A=GG=CBH9GHG5F9=B588=H=CBHCH<9@56CF5HCFM65G98H9GHG
-<98=J9F;9B7969HK99BH<9F9;I@5HCFM@=A=HH<5H=GH9GH98=B@56CF5HCFM7CB8=H=CBG5B8H<95@@CK98J5@I9GA95GIF98=B
+H9GHGK=@@I@H=A5H9@M69F98I798HCN9FC5GH<9F9;I@5HCFM89A5B8G=B7F95G9-<97CGHG5GGC7=5H98K=H<7CAD@M=B;
K=H<H<9G9F9EI=F9A9BHG5F9G=;B=:=75BH
5B8:C@@CK=B;H<9.CAA=GG=CBWG=B8=75H=CBC:=HG=BH9BHHC5779@9F5H99A=GG=CBG
FI@9G=B=HGFC58A5DDI6@=75H=CBX. F99B95@Y5GK9@@5GH<9.GIGH5=B56@9AC6=@=HM57H=CBD@5B
H<97<5@@9B;9GK=@@
7CBH=BI9"B588=H=CB
H<90<C@9/9<=7@9-MD9DDFCJ5@X0/-YF9;I@5H=CB<5G699BID85H98HC=B7F95G9H<9GHF=B;9B7M
C:=BA5F?9HGIFJ9=@@5B79&CF9CJ9F
:C@@CK=B;H<9.B=H98$=B;8CAWGK=H<8F5K5@:FCAH<9.
K9A5M69GI6>97HHC
8=J9F;=B;F9EI=F9A9BHG=BCIFIFCD95BA5F?9HG
K<=7<7CI@8=B7F95G9J9<=7@97CAD@9L=HM5B88IH=9G
-<9F9=G5B=B7F95G=B;HF9B8C:7=HM5779GGF9GHF=7H=CBG:CF=BH9FB5@7CA6IGH=CB9B;=B9DCK9F98J9<=7@9G
D5FH=7I@5F@M=B
IFCD95B7=H=9GH<5H8CBCHA99H5=FEI5@=HM@=A=HG-<95779GGFI@9G69=B;=BHFC8I7985F989J9@CD986M=B8=J=8I5@7=H=9G
65G98CBH<9=FGD97=:=77CB79FBG
F9GI@H=B;=BF5D=889D@CMA9BHC:5779GGFI@9GH<5H8=::9F;F95H@M5ACB;7=H=9G-<9GD998
C:=AD@9A9BH5H=CBC:5779GGFI@9GA5M8=F97H@M=B:@I9B797IGHCA9FJ9<=7@9F9G=8I5@J5@I9G5B87<C=79C:B9LHDIF7<5G9

5B8H<9F9=G5F=G?H<5HH<9G9FI@9GA5MF9GI@H=BH<9B998:CF7IGHCA9FGHCF9HFC:=HH<9=FJ9<=7@9GK=H<9A=GG=CB5:H9F
HF95HA9BHGMGH9AG"B5B9::CFHHCGIDDCFHH<9)5F=G77CF8
GCA97CIBHF=9G5F958CDH=B;M95F@M=B7F95G9G=B(H5L9G

K<9F9GI7<5GMGH9A=G=BD@579
5B8DI6@=G<=B;85H9G6MK<9B=BH9FB5@7CA6IGH=CBDCK9F98J9<=7@9GA5MBC@CB;9F69
F9;=GH9F98
9;
'CFK5M=B5B8H<9.B=H98$=B;8CA5B8H<9'9H<9F@5B8G=B
"?30=!,?4:9,7%0<@4=0809?>&5BM7CIBHF=9G
=B5B9::CFHHC588F9GG5=FEI5@=HM5B87@=A5H97<5B;97CB79FBG
5F9
58CDH=B;DF9J=CIGJ9FG=CBGC:IFCD95BCF.B=H98'5H=CBG7CBCA=7CAA=GG=CB:CFIFCD9X.'YAC6=@9GCIF79
9A=GG=CBF9;I@5H=CBG,CA97CIBHF=9G<5J958CDH98ACF958J5B798F9;I@5H=CBG65G98CBH<9ACGHF979BHJ9FG=CBC:
IFCD95BCF.,F9;I@5H=CBGCF9L5AD@9
H<9<=B5,H5;9/"9A=GG=CBGH5B85F8G
65G98CBIFCD95B,H5;9/"
9A=GG=CBGH5B85F8G:CF@=;<H8IHMJ9<=7@9G
.,9J5DCF5H=J95B8F9:I9@=B;9A=GG=CBGGH5B85F8G
5B8+(""
F9EI=F9A9BHG
=B7CFDCF5H9HKC@9J9@GC:GHF=B;9B7M:CFH5=@D=D99A=GG=CBG%9J9@CB9/"5K5G=AD@9A9BH98=B#I@M

5B8H<9ACF9GHF=B;9BH@9J9@HKC/"6=GG@5H98:CF=AD@9A9BH5H=CB=B#I@M-<9;CJ9FBA9BH<5G9B7CIF5;98H<9
ACF997CBCA=75@@M89J9@CD987=H=9GHCDI@@5<958=AD@9A9BH5H=CB-<995F@=9GH=AD@9A9BH5H=CBC:/"569;5B=B
#I@M
K=H<5:9K5F95G
GI7<5G,<5B;<5=5B8 I5B;8CB;DFCJ=B79
=AD@9A9BH=B;/"6<=B5,H5;9/""9A=GG=CB
F9;I@5H=CBG5F97IFF9BH@MIB89F7CBG=89F5H=CB
5B8H<9&=B=GHFMC:7C@C;M5B8BJ=FCBA9BH<5G58J=G98H<5HH<9,H5;9/""
F9;I@5H=CBGK=@@<5J9ACF9GHF=B;9BH@=A=HGCBDC@@IH5BH9A=GG=CBG5B8K=@@9GH56@=G<@=A=HG:CF;F99B<CIG9;5GDF=A5F=@M
(H5=@D=D99A=GG=CBG
5B58=5B7F=H9F=59A=GG=CBGF9;I@5H=CBG5F9@5F;9@M5@=;B98K=H<.,F9EI=F9A9BHG<CK9J9F
H<99L=GH=B;3/
F9;I@5H=CBG=B*I96975B8H<CG9DI6@=G<98=BF=H=G<C@IA6=5=B#I@M5F9ACF9GHF=B;9BHH<5BH<CG9=BD@579=B
5@=:CFB=5
@G9K<9F9
H<9F9=G5A=LC:F9;I@5H=CBG5B8DFC79GG9G65G98CB.,5B8.GH5B85F8G'CH5@@7CIBHF=9G<5J9
58CDH985DDFCDF=5H9:I9@EI5@=HMGH5B85F8GHC577CAD5BMH<9GHF=B;9BH9A=GG=CBGH5B85F8G58CDH98-<=G7CI@8@958HC
7CAD@=5B79DFC6@9AG
D5FH=7I@5F@M=:(CF=BIG9GIFJ9=@@5B79F9EI=F9A9BHG5F9=AD@9A9BH98
7:-,70A07:;809?>"BF979BHM95FG
)5B8+<5J9=B7F95G98H<9=F:C7IGCBH<9IG9C:X89:95H89J=79GY
9:95H89J=79G5F99@9A9BHGC:89G=;BHMD=75@@M9A698898=BGC:HK5F9H<5H=ADFCD9F@M75IG9H<99A=GG=CB7CBHFC@
GMGH9AHC:IB7H=CB@9GG9::97H=J9@M8IF=B;BCFA5@CBFC588F=J=B;H<5B8IF=B;5BC::=7=5@@56CF5HCFM9A=GG=CBGH9GH
K=H<CIH
>IGH=:=75H=CB-<9M5F9DFC<=6=H986M@5K=BA5BM>IF=G8=7H=CBG
5B8K98CBCHIG989:95H89J=79G=BCIFJ9<=7@9G
+9;I@5HCFG5FCIB8H<9KCF@87CBH=BI9HCG7FIH=B=N95IHCA5?9FGW9A=GG=CBH9GH=B;
K<=7<<5G@98HC5BIA69FC:89:95H
89J=79G9HH@9A9BHG6MJ5F=CIGA5BI:57HIF9FG)=G75FFM=B;CIH588=H=CB5@BCBGH5B85F8H9GHG5GD5FHC:=HGJ9<=7@9
79FH=:=75H=CBDFC;F5A+<5G5@GC699B7CB8I7H=B;9LH9BG=J9BCBGH5B85F89A=GG=CBH9GHG
K<=7<=BGCA975G9G<5J9
F9GI@H98=B79FH=:=75H=CB89@5MG:CF8=9G9@J9<=7@9G"BH<9D5GH
G9J9F5@IFCD95B7CIBHF=9G<5J97CB8I7H98BCBGH5B85F8
9A=GG=CBH9GHG5B8DI6@=G<98H<9F9GI@HG
5B8
=BGCA975G9G
H<=GGIDD@9A9BH5@H9GH=B;<5GHF=;;9F98=BJ9GH=;5H=CBGC:
A5BI:57HIF9FG:CFDCGG=6@989:95H89J=79G-9GH=B;=G9LD97H98HC7CBH=BI9CB5BCB;C=B;65G=G"B588=H=CB
D@5=BH=::GW
5HHCFB9MG5F9DIFGI=B;7CBGIA9F7@5GG57H=CB@5KGI=HG65G98CB5@@9;989L79GG=J99A=GG=CBG:FCA75FG5B8HFI7?G
K<=7<
7CI@8
=BHIFB
DFCADH:IFH<9F=BJ9GH=;5H=CBG6MF9;I@5HCFG

?08
@>490>>:9?49@0/
)145/81A18/;:;9E-:0>11:4;A?1-?&@-:0->0?
(&%0<@4=0809?>423?@?D)034.70>989F5@@5KF9EI=F9GH<5H@=;<H8IHMJ9<=7@9GA99HA=B=AIA7CFDCF5H9

5J9F5;9:I9@97CBCAMXYGH5B85F8GG9H6MH<9'5H=CB5@!=;<K5M-F5::=7,5:9HM8A=B=GHF5H=CBX'!-,Y
&5BI:57HIF9FG5F9GI6>97HHCGI6GH5BH=5@7=J=@D9B5@H=9G=:H<9M:5=@HCA99HH<9GH5B85F8=B5BMAC89@M95F
5:H9F
H5?=B;=BHC577CIBH5@@5J5=@56@97F98=HG:CFH<9DF9798=B;:=J9AC89@M95FG5B89LD97H987F98=HG:CFH<9H<F99GI77998=B;
AC89@M95FG-<9@5KF9EI=F9G'!-,HCDFCAI@;5H95B89B:CF79G9D5F5H9GH5B85F8G5DD@=756@9HC957<
A5BI:57HIF9FWG:@99HC:8CA9GH=7D5GG9B;9F75FG
=ADCFH98D5GG9B;9F75FG
5B8@=;<H8IHMHFI7?G
)5@GCF9;I@5H9GJ9<=7@9;F99B<CIG9;5GX ! Y9A=GG=CBGIB89FH<9@95B=F7H975IG9H<9J5GHA5>CF=HMC:

! G9A=HH986M5J9<=7@95F9H<9F9GI@HC::I9@7CA6IGH=CB
! 9A=GG=CBGH5B85F8G5F9G=A=@5FHC:I9@97CBCAM
GH5B85F8G-<IG
'!-,5B8)7CCF8=B5H9K=H<957<CH<9FCBH<9=F:I9@97CBCAM5B8 ! GH5B85F8G
F9GD97H=J9@M
HC
5JC=8DCH9BH=5@=B7CBG=GH9B7=9G
,=B79H<9AC89@M95F
)5B8'!-,<5J9>C=BH@MDFCAI@;5H98<5FACB=N98 ! 5B8:I9@97CBCAM
F9;I@5H=CBGIB89FK<5H75A9HC69?BCKB5GH<9X(B9'5H=CB5@)FC;F5AYX(')Y:F5A9KCF?5@=:CFB=5
K<=7<<58
DFCAI@;5H98=HGCKBGH5H9GD97=:=7G9HC: ! F9;I@5H=CBG
5;F998H<5H7CAD@=5B79K=H<H<9:989F5@DFC;F5AKCI@8G5H=G:M
7CAD@=5B79K=H<=HGCKB ! F9EI=F9A9BHG
H<9F96M5JC=8=B;5D5H7<KCF?C:DCH9BH=5@@M7CB:@=7H=B;:989F5@5B8GH5H9 !
GH5B85F8G(')<5GF9EI=F98A5BI:57HIF9FGHC57<=9J9=B7F95G=B;@MGHF=B;9BHM95FCJ9FM95FGH5B85F8G
(')K5G9BJ=G=CB98HC7CBH=BI95H@95GHH<FCI;<H<9AC89@M95F-<9(')FI@9GDFCJ=898:CF5A=8H9FA

9J5@I5H=CBDFC79GGIB89FK<=7<
6MDF=@
)5B8'!-,KCI@8F99J5@I5H9H<9GH5B85F8G:CFAC89@M95FG
=BCF89FHC9BGIF9H<5HH<9M5F9:95G=6@95B8CDH=A5@=B@=;<HC:=BH9FJ9B=B;9J9BHGG5F9GI@HC:H<9A=8H9FA
9J5@I5H=CBDFC79GG
H<9:989F5@;CJ9FBA9BH=GGI985FI@9H<5HG=;B=:=75BH@MF98I798H<9GHF=B;9B7MC::I9@
97CBCAM5B8 ! GH5B85F8G-<9:989F5@;CJ9FBA9BH5@GCHCC?H<9DCG=H=CBH<5H5@=:CFB=5WGJ9<=7@9 ! GH5B85F8G5F9
DF99ADH986M:989F5@@5K
HC;9H<9FK=H<CH<9FGH5H9GH<5HCDH98=BHC5@=:CFB=5WGGH5B85F8G5@=:CFB=5
K<=7<7CBH=BI9GHC
5GG9FH=HG5IH<CF=HMHCF9;I@5H9J9<=7@9 ! G5B8<5G7<5@@9B;98=B7CIFHH<9:989F5@;CJ9FBA9BHWGDF99ADH=CB57H=CBG

HCC?GH9DGHCK=H<8F5K:FCA(')5B8D@5BGHCF9HIFBHC9B:CF7=B;=HGCKBGH5H9GD97=:=7 ! GH5B85F8=:=HDF9J5=@G=BH<9
@=H=;5H=CBH<5H=GIB89FK5M-<9:989F5@;CJ9FBA9BHWGF9J=G98:I9@97CBCAM5B8 ! GH5B85F8GFI@9=G5@GC69=B;
7<5@@9B;98=B7CIFH6M57C5@=H=CBC:GH5H9G5B8BCB;CJ9FBA9BH5@CF;5B=N5H=CBGX' (GY
-<9@=H=;5H=CBCJ9F6CH<GH5B85F8G5B8DF99ADH=CB
K=H<IB79FH5=BCIH7CA9G
7F95H9G8=::=7I@HM:CFDIFDCG9GC:CF8WG
:IHIF9DFC8I7HD@5BB=B;(B9D@5IG=6@9CIH7CA9=G5X6=:IF75H98YG79B5F=C=BK<=7<5@=:CFB=5
5@CB;K=H<H<9GH5H9GH<5H
<5J958CDH985@=:CFB=5WG ! GH5B85F8G
9B:CF79CB9G9HC:FI@9G
K<=@958=::9F9BHG9HC:FI@9G5DD@=9G=BH<9F9GHC:H<9
7CIBHFM,I7<5BCIH7CA9KCI@8=ADCG95@5M9FC:7CAD@9L=HMCBCF8WGDFC8I7HD@5BB=B;
H9GH=B;
79FH=:=75H=CB
5B8
8=GHF=6IH=CB57H=J=H=9G"B5B9::CFHHC5JC=8GI7<5BCIH7CA95B8A=H=;5H9H<97IFF9BHF9;I@5HCFMIB79FH5=BHM
CF8F957<98
5B5;F99A9BHK=H<5@=:CFB=5CB5G9HC:H9FAG:CF5B5@H9FB5H=J9:F5A9KCF?.B89FH<=G:F5A9KCF?
CF8K=@@A99H5
89G=;B5H98G9HC:GH5B85F8GCB5B5H=CB5@65G=G=B@=9IC:H<95@=:CFB=5F9;I@5HCFMDFC;F5A-<=G:F5A9KCF?9B56@9GCF8
HC7CBH=BI9=HGDFC8I7HD@5BB=B;CB5B5H=CBK=8965G=G
5B8=H=G5@GC7CBG=GH9BHK=H<CF8WG9BJ=FCBA9BH5@;C5@GCF8
:=B5@=N98=HG5;F99A9BHK=H<5@=:CFB=5=BI;IGH
5B8CH<9FGH5H9GH<5HCDH98=BHCH<95@=:CFB=5GH5B85F8G=B8=75H98
H<9MKCI@8F9GD97HH<95;F99A9BH
0<=@9H<95@=:CFB=55;F99A9BH<9@DGA=H=;5H9H<97IFF9BHF9;I@5HCFMIB79FH5=BHM
=H8C9GBCHF9GC@J95@@DCH9BH=5@F=G?G
CF@=H=;5H=CBCIH7CA9G-<9B9KDF9G=89BH=5@58A=B=GHF5H=CBA5MF99J5@I5H9H<9GHF=B;9B7MC::I9@97CBCAM5B8 !
GH5B85F8G5B8 CFF9=BGH5H95@=:CFB=5WG5IH<CF=HMHC9B:CF79=HGCKB ! GH5B85F8GCF8KCI@8:579=B7F95G987CGHG5B8
7CAD@9L=HM=:H<9:989F5@GH5B85F8G5F9F9J=G98HC69ACF9GHF=B;9BHH<5BH<95@=:CFB=55;F99A9BH":5BM:989F5@CFGH5H9
5;9B7M=ADCG9G5B89B:CF79G:I9@97CBCAM5B8 ! GH5B85F8GH<5H5F9A=G5@=;B98K=H<A5F?9H7CB8=H=CBG
CF8KCI@8
@=?9@M69:CF798HCH5?9J5F=CIG57H=CBGH<5H7CI@8<5J9GI6GH5BH=5@58J9FG99::97HGCBCIFG5@9GJC@IA9G5B8F9GI@HGC:
CD9F5H=CBG,I7<57H=CBG@=?9@MKCI@8=B7@I89F9GHF=7H=B;C::9F=B;GC:G9@97H989B;=B9G5B8DCDI@5FCDH=CBG=B7F95G=B;
A5F?9HGIDDCFHDFC;F5AG:CFCF8WGACGH:I9@9::=7=9BHJ9<=7@9G5B8I@H=A5H9@M7IFH5=@=B;H<9DFC8I7H=CB5B8G5@9C:79FH5=B
J9<=7@9G
GI7<5G<=;<D9F:CFA5B7975FG
IH=@=H=9G
5B8 CF:I@@G=N9@=;<HHFI7?G=BCF89FHCA5=BH5=B7CAD@=5B79
(&%0<@4=0809?>0,AD@?D)034.70>)5B8'!-,<5J9>C=BH@MDFCAI@;5H98 ! 5B8:I9@97CBCAM

GH5B85F8G:CF<95JM8IHMJ9<=7@9G;9B9F5@@M
J9<=7@9GCJ9F
DCIB8G;FCGGJ9<=7@9K9=;<HF5H=B;H<FCI;<H<9
AC89@M95F"BCF8WG75G9
H<9GH5B85F8GDF=A5F=@M5::97H<95JM8IHMD=7?IDHFI7?G5B8J5BG
D@IGJC75H=CB5@J9<=7@9G
GI7<5GG<IHH@96IG9G5B889@=J9FMHFI7?GGH<9<95JM8IHMGH5B85F8G=B7F95G9=BGHF=B;9B7M
=HA5M697CA9ACF9
8=::=7I@HHC7CAD@MK<=@97CBH=BI=B;HCC::9F5:I@@@=B9IDC:<95JM8IHMHFI7?G

?08
@>490>>:9?49@0/
@=:;0,9%0<@4=0809?>-<9.F9;I@5H9GD5GG9B;9F75F5B8@=;<H7CAA9F7=5@J9<=7@9(9A=GG=CBGIG=B;G@=8=B;
G75@9GK=H<8=::9F9BH(H5F;9HG:CF957<A5BI:57HIF9F65G98CBH<9F9GD97H=J95J9F5;9J9<=7@9K9=;<H:CF=HG:@99HC:
J9<=7@9G:=FGHF9;=GH9F98=B575@9B85FM95F
K=H<G9D5F5H9H5F;9HG:CFD5GG9B;9F75FG5B8@=;<H7CAA9F7=5@J9<=7@9G
D9B5@HMGMGH9A5DD@=9GHCA5BI:57HIF9FG:5=@=B;HCA99HH<9=B8=J=8I5@(H5F;9HG)CC@=B;5;F99A9BHG69HK99B
A5BI:57HIF9FGHCIH=@=N97F98=HG5F9DCGG=6@9IB89F79FH5=B7CB8=H=CBG
5B8K9<5J99BH9F98=BHCGI7<DCC@=B;5;F99A9BHG
=BCF89FHC7CAD@MK=H<:I9@97CBCAMF9;I@5H=CBGK=H<CIHD5M=B;5D9B5@HM5B8HC9B56@9CH<9FA5BI:57HIF9FGHC69B9:=H
:FCACIFDCG=H=J9(D9F:CFA5B79CFXAI@H=GH5;9J9<=7@9GY9;
CF8WG-F5BG=H7<5GG=G756G
H<965G9A5BI:57HIF9F
9;
CF8=G:I@@MF9GDCBG=6@9:CFH<9(D9F:CFA5B79C:H<9:=B5@ID:=HH98J9<=7@9G-<9=B=H=5@H5F;9H@9J9@G;9H
G=;B=:=75BH@MACF9GHF=B;9BH9J9FM:=J9M95FG

F9EI=F=B;G=;B=:=75BH=BJ9GHA9BHG=BDFCDI@G=CB
H97<BC@C;=9G5B89LH9BG=J9:@99HA5B5;9A9BH:CF7=B;@CK(9A=GG=CBG9@5M98@5IB7<9G
GIDD@MG<CFH5;9G
CF@CK9F
89A5B8:CF@CK(9A=GG=CBJ9<=7@9G
5GK9@@5G5@=A=H987<5F;=B;=B:F5GHFI7HIF9
75BHF=;;9F7CAD@=5B79F=G?G
-<9.CAA=GG=CB=G=BJ9GH=;5H=B;H<9=BHFC8I7H=CBC:+95@F=J=B;(5B8%=:9M7@9GG9GGA9BH9@9A9BHG
5B8
<95JM8IHMJ9<=7@9G5F9588F9GG98=BG9D5F5H9F9;I@5H=CBGK=H<5B5@C;CIGF9EI=F9A9BHG5B87<5@@9B;9GG8=G7IGG98
56CJ9
H<9.CAA=GG=CB<5G5BBCIB7985X F99B95@YH<5H=G@=?9@MHCHF=;;9FACF9GHF=B;9BHF9EI=F9A9BHG:CF(
9A=GG=CBG5B8CH<9FF9;I@5H989A=GG=CBG5B8=B7@I89F97M7@=B;5B8GI6GH5B79F9GHF=7H=CBG-<95BBCIB79A9BH5@GC
=B7@I8985DI@@5<958C:F9J=G=CB85H9G:CFH<9(:@99HF9;I@5H=CB-<9.CAA=GG=CBH5F;9HGB9H7@=A5H9B9IHF5@=HM6M
5B85ACF95A6=H=CIG=BH9F=AH5F;9H5=BGH958C:(F98I7H=CB7CAD5F98HC
(IHG=89C:H<9.
H<9.B=H98$=B;8CA5B8,K=HN9F@5B8<5J9=BHFC8I798G=A=@5FFI@9GCF8:579GH<9F=G?C:58J5B79
DF9A=IAD5MA9BHF9EI=F9A9BHG:CF6CH<D5GG9B;9F75FG5GK9@@5G:CF@=;<H7CAA9F7=5@J9<=7@9G8I9HC
:CF9L5AD@9

IB9LD97H98A5F?9H:@I7HI5H=CBG5B8G<CFH9F@958H=A9G=AD57H=B;5J9F5;9:@99HD9F:CFA5B79
-<9.B=H98'5H=CBG89J9@CD985H97<B=75@F9;I@5H=CB:CFD5GG9B;9F75F9A=GG=CBG5B8(-<=GKCF@8@=;<H8IHMH9GH
DFC798IF9X0%-)Y=G:C7IG98DF=A5F=@MCB69HH9F5@=;B=B;@56CF5HCFM(5B8:I9@7CBGIADH=CB:=;IF9GK=H<7IGHCA9F
F9DCFH98:=;IF9G-<9=BHFC8I7H=CBC:0%-)=BIFCD9GH5FH98=B,9DH9A69F5B8F9EI=F9GID85H9GHC(@569@=B;

H<9F96M=AD57H=B;H5L9G=B7CIBHF=9GK=H<5(H5LG7<9A95GK9@@5G(:@99HF9;I@5H=CBG:CFD5GG9B;9F75FG5B8@=;<H
7CAA9F7=5@J9<=7@9GCGHG5GGC7=5H98K=H<B9KCF=B7F9A9BH5@H9GH=B;:CF0%-)5F9G=;B=:=75BH
,CA9IFCD95B7CIBHF=9G<5J9=AD@9A9BH98CF5F97CBG=89F=B;CH<9F=B=H=5H=J9G:CFF98I7=B;(J9<=7@99A=GG=CBG

=B7@I8=B;:=G75@A95GIF9G5B8(@569@=B;HC588F9GG7CIBHFMGD97=:=7H5F;9HG5GGC7=5H98K=H<H<9)5F=G77CF8CF
9L5AD@9
H<9.B=H98$=B;8CA
F5B79
9FA5BM
,D5=B
)CFHI;5@
5B8H<9'9H<9F@5B8G
5ACB;CH<9FG
<5J9=BHFC8I798
H5L5H=CB65G98CB(9A=GG=CBG-<9.(F9EI=F9A9BHG5F9@=?9@MHCHF=;;9F:IFH<9FA95GIF9G
"?30=!,?4:9,7%0<@4=0809?>-<95B58=5B:989F5@;CJ9FBA9BHF9;I@5H9GJ9<=7@9 ! 9A=GG=CBGIB89FH<9
5B58=5BBJ=FCBA9BH5@)FCH97H=CB7H"B(7HC69F
H<95B58=5B:989F5@;CJ9FBA9BHDI6@=G<98H<9:=B5@7<5B;9G
HCH<9F9;I@5H=CB:CF@=;<H8IHMJ9<=7@9G
K<=7<A5=BH5=B5@=;BA9BHK=H<.,)J9<=7@9 ! GH5B85F8G:CFH<9
AC89@M95FG-<9F9J=G98.,)GH5B85F8GK9F95IHCA5H=75@@M58CDH98=B5B5856MF9:9F9B79:CFH<9
AC89@M95FG<CK9J9F
5B585=G5@GCIB89FH5?=B;5A=8H9FA9J5@I5H=CBC:H<9GH5B85F8G:CFH<9AC89@M95F5B8
69MCB8
H<9CIH7CA9C:K<=7<F9A5=BGIB79FH5=B5B8A5M69=B:@I9B7986M.,57H=CBG-<95B58=5B:989F5@
;CJ9FBA9BH=G9LD97H98HC7CB7@I89H<9A=8H9FA9J5@I5H=CB=BH<9:=FGHEI5FH9FC:-<9<95JM8IHMJ9<=7@95B8
9B;=B9 ! 9A=GG=CBGF9;I@5H=CBG:CFH<9AC89@M95F5B869MCB8K9F9DI6@=G<98=B&5M5B85F9=B@=B9K=H<
.,F9EI=F9A9BHG
GI6>97HHC5BM7<5B;9=BH<CG9F9EI=F9A9BHGIB89FH<9B9K.,DF9G=89BH=5@58A=B=GHF5H=CB
-<9<=B5:I9@7CBGIADH=CBF9EI=F9A9BHIG9G5K9=;<H65G985DDFC57<HC9GH56@=G<H5F;9HG
GD97=:=9GM95FCJ9FM95F
H5F;9HF98I7H=CBG
5B8F9EI=F9GA5B85H98JC@IA9GC:'9KB9F;M/9<=7@9X'/Y
=9
D@I;=B<M6F=8G
65HH9FM9@97HF=7
J9<=7@9G
CF:I9@79@@J9<=7@9G
7F98=HG-<9F9EI=F9A9BH=G:CF'/7F98=HGHC695H@95GH

5B8C:H<95BBI5@
"J9<=7@9DFC8I7H=CBCF=ADCFH:@99HJC@IA9=B

5B8
F9GD97H=J9@M<=B5WG:I9@7CBGIADH=CB
=B8IGHFM:@99H5J9F5;9K5GG9H5H% ?A5B8@CK9FGHC% ?A6M65G98CBH<9'9KIFCD95BF=J=B;
M7@9X'YGMGH9A-<9;CJ9FBA9BH=GDFC>97H=B;:IFH<9F:I9@7CBGIADH=CBF98I7H=CBG=B5B8=GH5F;9H=B;
% ?A-<9:I9@9::=7=9B7MH5F;9HG5B8'/A5B85H9K=@@=AD57HH<97CGHGC:J9<=7@9H97<BC@C;M=BH<9:IHIF9
G8=G7IGG9869@CK=B"H9A+=G?57HCFGIB89FX:=/8,D900/?:>@->?,9?4,77D8:/41D4?>;=:/@.?;7,9>?:.:8;7D
B4?3>,10?D084>>4:9>1@070.:9:8D,@?:9:8:@>A034.70,9/:?30==02@7,?4:9>Y5DFC8I7H=CB8=GFIDH=CB
GHCDG<=D

@CK9FH<5BD@5BB98A5F?9H5779DH5B79C:CIFJ9<=7@9G
CFCH<9F=BH9FJ9B=B;9J9BHGA5M75IG9IGHCAC8=:MCIFDFC8I7H
D@5BGCF
=BGCA975G9G
DIF7<5G97F98=HG=BCF89FHC7CAD@MK=H<:I9@97CBCAMGH5B85F8G

?08
@>490>>:9?49@0/
)145/81&-21@E
(&%0<@4=0809?>-<9'5H=CB5@-F5::=75B8&CHCF/9<=7@9,5:9HM7HC:H<9X,5:9HM7HYF9;I@5H9GJ9<=7@9G
5B8J9<=7@99EI=DA9BH=BHKCDF=A5FMK5MG=FGH
H<9,5:9HM7HDFC<=6=HGH<9G5@9=BH<9.B=H98,H5H9GC:5BMB9KJ9<=7@9
CF9EI=DA9BHH<5H8C9GBCH7CB:CFAHC5DD@=756@9J9<=7@9G5:9HMGH5B85F8G9GH56@=G<986M'!-,&99H=B;CF9L7998=B;
A5BMG5:9HMGH5B85F8G=G7CGH@M5B8<5G7CBH=BI98HC9JC@J95G;@C65@7CAD@=5B795B8DI6@=78CA5=B9;
'9K5F
GG9GGA9BH)FC;F5AGX')GY
"BGIF5B79"BGH=HIH9:CF!=;<K5M,5:9HMX""!,YF9EI=F9A9BHG7CBH=BI9HC9JC@J9
5F9
=B7F95G=B;=B89A5B8G
5B8@57?<5FACB=N5H=CB;@C65@@MGK99LD5B8CIF6IG=B9GGDF=CF=H=9GHC=B7@I895IHCBCACIG
J9<=7@9G5B86FC589FAC6=@=HMDFC8I7HG5B8G9FJ=79G
CIF:=B5B7=5@9LDCGIF9<5G=B7F95G98,97CB8
H<9,5:9HM7H
F9EI=F9GH<5H89:97HGF9@5H98HCACHCFJ9<=7@9G5:9HM69F9A98=98H<FCI;<G5:9HMF975@@75AD5=;BGA5BI:57HIF9F=G
C6@=;5H98HCF975@@J9<=7@9G=:=H89H9FA=B9GH<9J9<=7@9G8CBCH7CAD@MK=H<5G5:9HMGH5B85F8,<CI@8K9CF'!-,
89H9FA=B9H<5H9=H<9F5G5:9HM89:97HCFBCB7CAD@=5B79=GGI99L=GHGK=H<F9GD97HHC5BMC:CIFJ9<=7@9G
H<97CGHC:GI7<
F975@@75AD5=;BG7CI@869GI6GH5BH=5@
@=:;0,9%0<@4=0809?>-<9.<5G9GH56@=G<98J9<=7@9G5:9HMGH5B85F8G5B8F9;I@5H=CBG5B8=G@=?9@MHC58CDH
588=H=CB5@CFACF9GHF=B;9BHF9EI=F9A9BHG=BH<9:IHIF9
9GD97=5@@M=BH<95F95GC:5779GGHC=BJ9<=7@985H55B8
5IHCBCACIGJ9<=7@9G
-<9IFCD95B 9B9F5@,5:9HM+9;I@5H=CBX ,+Y=BHFC8I798.'F9;I@5H=CBG

K<=7<K=@@69F9EI=F98:CFH<9
IFCD95B-MD9DDFCJ5@DFC79GG-<9 ,+=B7@I89GH<9A5B85HCFM=BHFC8I7H=CBC:AI@H=D@957H=J95B8D5GG=J9G5:9HM
:95HIF9G
=B7@I8=B;7M69FG97IF=HMF9EI=F9A9BHG:CFB9KJ9<=7@9AC89@G=B5B8:CF5@@F9;=GHF5H=CBG=B.
F9;I@5HCFG5@GC5F9:C7IG=B;CB57H=J9G5:9HM:95HIF9G
GI7<5G@5B989D5FHIF9K5FB=B;GMGH9AG
9@97HFCB=7GH56=@=HM7CBHFC@

5B85IHCA5H=76F5?95GG=GH
"?30=!,?4:9,7%0<@4=0809?> @C65@@M
;CJ9FBA9BHG;9B9F5@@M<5J9699B58CDH=B;.'65G98F9;I@5H=CBGK=H<
A=BCFJ5F=5H=CBGHC588F9GG@C75@7CB79FBGBM8=::9F9B7969HK99B'CFH<A9F=75B5B8.'65G98F9;I@5H=CBG75B
5887CAD@9L=HM5B87CGHGHCH<989J9@CDA9BHC:;@C65@D@5H:CFAJ9<=7@9G
5B8K97CBH=BI9HCGIDDCFH9::CFHGHC<5FACB=N9
F9;I@5H=CBGHCF98I79J9<=7@989G=;B7CAD@9L=HMK<=@9DFCJ=8=B;57CAACB@9J9@C:G5:9HMD9F:CFA5B79G9J9F5@CB;C=B;
6=@5H9F5@B9;CH=5H=CBGCB:F99HF58975BDCH9BH=5@@M7CBHF=6IH9HCH<=G;C5@
,5:9HM5B8F975@@F9EI=F9A9BHG=BF5N=@
<=B5
"B8=5
5B8 I@:CCD9F5H=CBCIB7=@7CIBHF=9G5@GCA5M588
GI6GH5BH=5@7CGHG5B87CAD@9L=HMHCCIF;@C65@F975@@DF57H=79F5N=@<5GG9HA5B85HCFM:@99HG5:9HMH5F;9HG
5B8D9B5@H=9G
5F95DD@=98
=:H<9G9@9J9@G5F9BCHA5=BH5=B98
K<=@95H5LF98I7H=CBA5M695J5=@56@9:CFCJ9FD9F:CFA5B79"B5B585

F9;I@5HCFMF9EI=F9A9BHG5F97IFF9BH@M5@=;B98K=H<.,F9;I@5H=CBG<CK9J9F
IB89FH<95B58=5B&CHCF/9<=7@9,5:9HM
7H
H<9&=B=GH9FC:-F5BGDCFH<5G6FC58DCK9FGHCCF89FA5BI:57HIF9FGHCGI6A=H5BCH=79C:89:97HCFBCB7CAD@=5B79
K<9BH<9&=B=GH9F7CBG=89FG=HHC69=BH<9=BH9F9GHC:G5:9HM"B<=B5
5B9KA5B85HCFMJ9BH5H5+97CF89FF9;I@5H=CB
H<5H=GACF97CAD@9LH<5B.,F9EI=F9A9BHG<5G699BF9@95G98
5B8=B<=B5
&5@5MG=5
5B8,CIH<$CF95
A5B85HCFM9
5@@F9EI=F9A9BHG5F969=B;8F5:H985@@=GA5B85HCFM=BH<9.:CFB9KJ9<=7@9G69;=BB=B;K=H<H<9AC89@M95F
!0B,=>>0>>809?#=:2=,8>(F;5B=N5H=CBG5FCIB8H<9KCF@8F5H95B87CAD5F9ACHCFJ9<=7@9G=B')GHC
DFCJ=897CBGIA9FG5B86IG=B9GG9GK=H<588=H=CB5@=B:CFA5H=CB56CIHH<9G5:9HMC:B9KJ9<=7@9G')GIG97F5G<H9GHG
5B8CH<9F9J5@I5H=CBGH<5H5F98=::9F9BHH<5BK<5H=GF9EI=F986M5DD@=756@9F9;I@5H=CBG
5B8IG9GH5FGHCF5H9J9<=7@9
G5:9HM
K=H<:=J9GH5FG5K5F898:CFH<9<=;<9GHF5H=B;5B8CB9:CFH<9@CK9GH7<=9J=B;<=;<')F5H=B;G
K<=7<A5MJ5FM
6M7CIBHFMCFF9;=CB
75B5887CAD@9L=HM5B87CGHHCJ9<=7@9G,=A=@5F@M
9BJ=FCBA9BH5@F5H=B;GMGH9AG9L=GH=BJ5F=CIG
F9;=CBG
9;
F99B')=BIFCD9"B<=B5
')<5G5GHF=B;9BHF5H=B;GHFI7HIF9HC897F95G9H<9BIA69FC::=J9
GH5FF5H=B;GIFH<9F
H<9<=B5"BGIF5B79IHC,5:9HM"B89LG=A=@5FHC""!,<5G699B=AD@9A9BH98
K=H<<=;<9F
GH5B85F8G:CFD5GG9B;9F5B8D989GHF=5BDFCH97H=CB5B88F=J9F5GG=GH5B79H97<BC@C;=9G

?08
@>490>>:9?49@0/
( !#'%&"(%&
#1;<81&@>-@13E-:0;B1>:-:/1
5F=B;:CF957<CH<9FH<FCI;<J5@I=B;8=J9FG=HM
9A6F57=B;=B7@IG=CB
79@96F5H=B;GI779GG
9B7CIF5;=B;B9KH<=B?=B;

GIDDCFH=B;957<CH<9FH<FCI;<7<5B;9
5B8K=BB=B;5G5H95A=G5?9M9@9A9BHC:CIFD@5BHC8F=J9@CB;H9FA6IG=B9GG
GI779GGCF8A5=BH5=BG5BL97IH=J9)9CD@9CFIA7CBG=GH=B;C:H<9(5B8HCD@9589FG<=DH95AH<5HA99HGAI@H=D@9
H=A9G5ACBH<K=H<5GD97=:=7:C7IGCBD9CD@95B8CF;5B=N5H=CB5@HCD=7GH<5HK=@@9B56@95B85779@9F5H989@=J9FMC:H<9
6IG=B9GGD@5B$9MHCD=75F95G=B7@I89CIFBH9FDF=G9)9CD@9,HF5H9;M
=J9FG=HM"B7@IG=CB
(F;5B=N5H=CB5@=HB9GG5B8
0CF?:CF79)@5BB=B;
5B8%9589FG<=D9J9@CDA9BH5B8I@HIF9
(IFC5F8C:=F97HCFG5B8C5F87CAA=HH99GDFCJ=89=ADCFH5BHCJ9FG=;<HCB79FH5=B<IA5B75D=H5@A5HH9FG
=B7@I8=B;
=H9AG8=G7IGG985HH<9L97IH=J9)9CD@9CFIA-<9CAD9BG5H=CBCAA=HH99A5=BH5=BGF9GDCBG=6=@=HMHCF9J=9K

8=G7IGG
5B8G9HGHF5H9;=78=F97H=CB:CFJ5F=CIGD9CD@9F9@5H986IG=B9GGGHF5H9;=9G
=B7@I8=B;CIF7CAD9BG5H=CB5B869B9:=H
DFC;F5AG
@9589FG<=DGI779GG=CBD@5BB=B;
7I@HIF9
8=J9FG=HM5B8=B7@IG=CB
5B8H5@9BH89J9@CDA9BHDFC;F5AG-<9
,IGH5=B56=@=HM5B8"BBCJ5H=CBCAA=HH99=GF9GDCBG=6@9:CF8=G7IGG=B;5B858J=G=B;A5B5;9A9BHCBA5=BH5=B=B;5B8
=ADFCJ=B;GIGH5=B56=@=HMGHF5H9;=9G
H<9=AD@9A9BH5H=CBC:K<=7<7F95H9J5@I97CBG=GH9BHK=H<H<9@CB;H9FADF9G9FJ5H=CB
5B89B<5B79A9BHC:G<5F9<C@89FJ5@I95B8GC7=5@K9@@69=B;
=B7@I8=B;<IA5BF=;<HG
KCF?=B;7CB8=H=CBG
5B8F9GDCBG=6@9
GCIF7=B;-<97C@@97H=J9F97CAA9B85H=CBGHCH<9C5F85B8=HG7CAA=HH99G5F9<CKK9DFC57H=J9@MA5B5;9CIF<IA5B
75D=H5@5B875F9:CFCIF9AD@CM99G=B5A5BB9FH<5H=G7CBG=GH9BHK=H<CIFCF8J5@I9G
5B1>?5@E=A5@E-:0:/8A?5;:
HCF8
K969@=9J9H<5H7F95H=B;5I@HIF9C:9@CB;=B;:CF5@@CIF9AD@CM99G=G:CIB85H=CB5@HCCIFGI779GG5B8
ACF5@@MH<9F=;<HH<=B;HC8CCF8C::9FGAD@CM99+9GCIF79 FCIDGX+ GYH<5HF9DF9G9BHJ5F=CIG8=A9BG=CBGC:
CIF9AD@CM99DCDI@5H=CB
=B7@I8=B;F57=5@
9H<B=7
;9B89F
F9@=;=CIG
G9LI5@CF=9BH5H=CB5B8;9B89F=89BH=HM
56=@=HM
5B8
;9B9F5H=CB5@7CAAIB=H=9GK=H<7<5DH9FGH<FCI;<CIHH<9KCF@8
=B588=H=CBHC=J9FG=HM5B8"B7@IG=CBX"YCIB7=@G=B
9J9FMF9;=CB(IF+ G5B8"CIB7=@G5F9=BGHFIA9BH5@=BDFCJ=8=B;5JC=79HCCIF;@C65@@M8=J9FG9KCF?:CF795B8HC
<9@DIG69HH9FIB89FGH5B8H<99AD@CM999LD9F=9B79
"B
K97CB8I7H9857CADF9<9BG=J9=J9FG=HM
EI=HM
5B8"B7@IG=CBX"YI8=H=BH<9.B=H98,H5H9GK=H<D@5BG
:CF5;@C65@FC@@CIH=B-<9DIFDCG9C:H<95I8=H
K<=7<=B7@I898EI5@=H5H=J985H5
EI5BH=H5H=J985H5
5B8899D
9H<BC;F5D<M
=GHC5779@9F5H9CIF9::CFHGHC=ADFCJ9H<99AD@CM999LD9F=9B795B87I@H=J5H957I@HIF9C:69@CB;=B;G5
F9GI@HC:H<=G9::CFH
K9<5J9H5?9BG9J9F5@7CB7F9H9GH9DG
=B7@I8=B;=B=H=5H=B;5ACBH<@M("CFIAK=H<HCD
@9589FG<=D5B89A6988=B;"=BHCCIF7CFDCF5H9GHF5H9;M5B8;CJ9FB5B79K=H<7@95FC6>97H=J9G:CFDFC;F9GG9GH56@=G<98
:CF9J9FMG9B=CF@9589F,9J9F5@588=H=CB5@57H=CBG5F9D@5BB98:CFH<9:=FGH<5@:C:H<5HK=@@89ACBGHF5H9CIF
7CAA=HA9BHHCHF5BGD5F9B7M
=B7@IG=CB
5B8H<9=ADCFH5BHFC@9H<5HCIF)9CD@9%9589FGK=@@D@5M=B:IFH<9F9B<5B7=B;CIF
7I@HIF9C:69@CB;=B;(IF8=J9FG=HMGH5H=GH=7G=B7@I89H<9:C@@CK=B;5GC:979A69F
65G98CBG9@:F9DCFH=B;5HH<9
85H9C:<=F9C:CIFG5@5F=989AD@CM99GKCF@8K=895F9:9A5@9G9L7@I89G79FH5=B9AD@CM99G=BIFCD9=B
577CF85B79K=H<H<9IFCD95B.B=CBWG 9B9F5@5H5)FCH97H=CB+9;I@5H=CBC:CIFHCH5@G5@5F=985B8<CIF@M
9AD@CM99G=BH<9.B=H98,H5H9G5F9:9A5@9G5B8C:CIFHCH5@G5@5F=985B8<CIF@M9AD@CM99G=BH<9.B=H98,H5H9G
5F9A=BCF=H=9G
'-81:@@@>-/@5;:>;C@4-:0-<-.585@E??1??91:@
"B5B9BJ=FCBA9BHK<9F9A5BM9AD@CM99G5F9BC@CB;9F6CIB8HCD<MG=75@@C75H=CBG
K<9F95B8<CKK9GCIF79CIF
H5@9BH=G9JC@J=B;FCA5;FCKH<D9FGD97H=J9
K95F9:C7IG=B;CBG9J9F5@?9MG9;A9BHGJ=H5@HCCIFGI779GG
9;
GC:HK5F9
9@97HF=:=75H=CB
5B885H5G7=9B7909<5J9588985GI6GH5BH=5@BIA69FC:9AD@CM99GHCCIFG5@5F=98
KCF?:CF79G=B79#5BI5FMHCGIDDCFHH<9G99A9F;=B;5F95GC:H<96IG=B9GGFCA575D56=@=HMD9FGD97H=J9
K95F9
@9J9F5;=B;69GHDF57H=79G=B5GG9GGA9BHG5B8H5@9BHA5B5;9A9BHHCGHF9B;H<9BCIF7IFF9BH75D56=@=H=9G5B8:IHIF9D=D9@=B9
K<=@9F9=B:CF7=B;57I@HIF9C:69@CB;=B;
9ADCK9FA9BH
5B8=BBCJ5H=CBIFH<9F
K95F95@GC7F95H=B;H5F;9H98@95FB=B;
9LD9F=9B79G
89AC7F5H=N=B;@95FB=B;5B875F99F89J9@CDA9BHCDDCFHIB=H=9G57FCGGH<9CF;5B=N5H=CB
5B89ADCK9F=B;
9AD@CM99GHC89G=;BH<9=FCKB75F99FD5H<GK=H<G?=@@89J9@CDA9BHH5F;9H98:CFH<9FC@9GC:HC85M5B8H<9:IHIF9=B5@@M

H<99LH9BHHCK<=7<CIF)9CD@9%9589FG5F99EI=DD98HC75F9:CF
=BGD=F9
5B89ADCK9FCIFD9CD@9D@5MG5J=H5@FC@9=BCIF
GHF5H9;M
5B8K95F97CAA=HH98HC<9@D=B;CIF@9589FGGHF9B;H<9BH<9G975D56=@=H=9GK=H<898=75H98@95FB=B;D5H<G5B8
BCBHF58=H=CB5@@95FB=B;CDDCFHIB=H=9G

?08
@>490>>:9?49@0/
9<8;E111-8@4-:0&-21@E
'CH<=B;=GACF9=ADCFH5BHH<5BH<9<95@H<
G5:9HM
5B8K9@@69=B;C:CIFD9CD@9
5B8K9KCF?<5F8HC57<=9J9KCF@8
7@5GG@9J9@GC:G5:9HMM95FCJ9FM95F
H<FCI;<H<95DD@=75H=CBC:DC@=7=9G5B869GHDF57H=79G09A5=BH5=B5FC6IGHG5:9HM
7I@HIF9HCF98I79KCF?D@579=B>IF=9G
GIDDCFH986M9::97H=J97CAAIB=75H=CB
F9DCFH=B;
5B89LH9FB5@69B7<A5F?=B;09
<C@8F9;I@5FH5@?G5B89J9BHGCB?9MG5:9HM=GGI9G
=B7@I8=B;F9DCFH=B;5@@=B>IF=9G
<5N5F8G
5B8B95FA=GG9G
HCDF9J9BH
F97IFF9B79G095@GCD5FH=7=D5H9=BAI@H==B8IGHFM;FCIDG
K=H<=B5B8CIHG=89H<95IHCACH=J9G97HCF
HCG<5F9G5:9HM69GH
DF57H=79G5B87C@@56CF5H9HC588F9GG7CAACB=GGI9G
"A>&-21@E%1/;>0
BM@CGGC:@=:9CFG9F=CIG=B>IFM=BH<9KCF?D@579=GIB5779DH56@95B8899D@MF9;F9HH98098=8BCH<5J95BM:5H5@
=B7=89BHG5H5BMC:CIF:57=@=H=9G=BBCH<9F?9MG5:9HM=B8=75HCF
CIF;@C65@@CGHH=A975G9F5H9X%-+Y
897F95G98
:FCA=BHC=B%-+=G89:=B985GH<9BIA69FC:75G9GK<9F9CB9CFACF9KCF?=B;85MG=G@CGH8I9HC
KCF?F9@5H98=B>IFM =@@B9GGD9F
<CIFGKCF?98
CF8&CHCFCAD5BM5@GC9A65F?98CB57CAD@9L>CIFB9MHC588F9GGH<9D9CD@95B86IG=B9GG=AD@=75H=CBGC:H<9
(/"D5B89A=7
=B7@I8=B;<CKK9GIDDCFH5B8DFCH97HCIF9AD@CM99G
H<97CAAIB=H=9GK<9F9K9CD9F5H9
5B8CIF
CAD5BM5GG9HG:H9F=8@=B;CIFA5BI:57HIF=B;:57=@=H=9G
CIFDF=CF=HMK5GHC7F95H9H<9(/"IG=B9GG+9GIADH=CB
)@5B
=9
X-<9+9HIFB-C0CF?)@5M6CC?Y-<9+9HIFB-C0CF?)@5M6CC?=GCIF7CFDCF5H9;I=89@=B95B85@=;BGK=H<
F97CAA9B85H=CBG:FCAH<90CF@8!95@H<(F;5B=N5H=CB
H<99BH9FG:CF=G95G9CBHFC@5B8)F9J9BH=CB
5B87CIBHFM5B8
@C75@<95@H<89D5FHA9BHG-<9)@5M6CC?WG7CF9C6>97H=J9=GHCDFCH97HCIF9AD@CM99G5B8DFCJ=895G5:9KCF?
9BJ=FCBA9BH-<9A5=B9@9A9BHGC:H<9)@5M6CC?=B7@I89
Z I=89@=B9G5B8F9EI=F9A9BHG:CF7CAD@9H=CBC:585=@M<95@H<7<97?GIFJ9M
Z I=89@=B9G:CFH9AD9F5HIF9G75BB=B;DF=CFHC9BH9F=B;:57=@=H=9G
Z I=89@=B9G:CF5DDFCDF=5H9IG95B85DD@=75H=CBC:)9FGCB5@)FCH97H=J9EI=DA9BH
Z I=89@=B9G5B8F97CAA9B85H=CBG:CFGC7=5@8=GH5B7=B;=BG=895B8CIHG=89C:KCF?GH5H=CBG
Z @95B=B;5B88=G=B:97H=B;KCF?GH5H=CBG5B87CAACB5F95G
Z I=89@=B9GGIDDCFH=B;<5B8K5G<=B;A9H<C8G5B8:F9EI9B7M
Z )@579A9BHGHF5H9;M:CF<5B8G5B=H=N9FGH5H=CBG
09K=@@7CBH=BI9HC69J=;=@5BH5B8DFC57H=J9=BCIF9::CFHGHC9::97H=J9@MA5B5;9H<9(/"D5B89A=7
9<8;E11*188.15:3:5@5-@5B1?
(IF;@C65@
<C@=GH=75DDFC57<HCK9@@69=B;9B7CAD5GG9GH<9:=B5B7=5@
GC7=5@
A9BH5@ 9ACH=CB5@
D<MG=75@
5B8
DFC:9GG=CB5@B998GC:CIF9AD@CM99GCIB85H=CB5@HCCIFK9@@69=B;D<=@CGCD<M=GDFCJ=8=B;56FC585FF5MC:F9GCIF79G
5B8GC@IH=CBGHC98I75H99AD@CM99G5B86I=@875D56=@=HM5B8GIDDCFH:CFA99H=B;=B8=J=8I5@K9@@69=B;B998G5B8;C5@G
(IFK9@@69=B;DFC;F5A=G5B=BH9;F5@D5FHC:CIFHCH5@F9K5F8GGHF5H9;M5GK9KCF?HC588F9GG6IG=B9GG5B89AD@CM99
7<5@@9B;9GH<FCI;<5AI@H=7<5BB9@5DDFC57<H<5HDFCJ=89GCIF8=J9FG9DCDI@5H=CBG5B8;@C65@F9;=CBG:@9L=6=@=HM5B8
7<C=79HCA99HH<9=FGD97=:=7B998G
09IG985H58F=J9B=BG=;<HG;5H<9F98H<FCI;<GIFJ9MG
:C7IG;FCIDG5B87@5=AG85H5HCDF=CF=H=N9CIFK9@@69=B;
DFC;F5AG-<FCI;<CIFK9@@69=B;C::9F=B;G
9;
0CF?:FCA!CA9GIDDCFH5B89B<5B7987<=@875F95B8D5F9BH5@
F9GCIF79G
K9DFCJ=899AD@CM99GH<9F9GCIF79GH<9MB998HC57<=9J9H<9=FCKBG9BG9C:K9@@69=B;5B86I=@85B
9BJ=FCBA9BHK<9F99AD@CM99G5B8)9CD@9%9589FG75F9:CF957<CH<9F5GK989@=J9FH<96IG=B9GGC6>97H=J9G

?08
@>490>>:9?49@0/
9<8;E11&1:@591:@&@>-@13E
09@9J9F5;9CIF5G? @=GH9B C6G9FJ9:F5A9KCF?HCIB89FGH5B89AD@CM99G9BH=A9BH5HCF8-<=G5DDFC57<=G5<C@=GH=7

5B87CBG=GH9BHA9H<C8C@C;MH<5H9B56@9GIGHCIB89FGH5B8<CK9AD@CM99G5F9:99@=B;=BF95@H=A95B857H577CF8=B;@M
(IFA95GIF9A9BH:C7IG9GCBG9J9F5@5F95GH<5H5F9?9MHCCIF6IG=B9GGAD@CM99&9BH5@5B8ACH=CB5@09@@69=B;

!95@H<,5:9HM=B7@I8=B;CIF(/"G5:9HMDFCHC7C@G
AD@CM99LD9F=9B79
I@HIF9
=J9FG=HM
EI=HM"B7@IG=CB

%9589FG<=D
5B8,HF5H9;=7@=;BA9BH(IF9::CFHGHC8F=J97<5B;9=BH<9G95F95G5F9D5M=B;C::09GIFJ9M98CIF
9AD@CM99G8IF=B;5:H9FH<9CBG9HC:H<9D5B89A=7C:H<9F9GDCB89BHG
K<=7<K9F9DF=A5F=@MG5@5F=98
9AD@CM99G
=B8=75H98H<5HCF8WGF9GDCBG9HCH<9D5B89A=7<9@D98H<9A8CK<5H=G69GH:CFH<9=F<95@H<5B8:5A=@M
7F=H=75@9@9A9BHC:CIFA95GIF9A9BHDFC;F5A=G9BGIF=B;H<5H85H59B8GID=BH<9<5B8GC:H<CG9K<C5F969GHDCG=H=CB98
HC8F=J9A95B=B;:I@7<5B;9-CH<=G9B8
@9589FG5H5@@@9J9@G<5J95779GGHC85G<6C5F8GK=H<85H5:FCAH<9=FH95AG5B8
CF;5B=N5H=CBG
5GK9@@5GD9FGCB5@=N98B9LHGH9DF97CAA9B85H=CBG9A698898=BHC57H=CBD@5BB=B;HCC@G(IF
A95GIF9A9BH5DDFC57<=G5@GCIG98HC=B:CFACIF5F95GC::C7IG5G5BCF;5B=N5H=CB5B8HC9J5@I5H9H<99::97H=J9B9GGC:
H5@9BH=B=H=5H=J9G57FCGGH<99BH9FDF=G9
9<8;E91:@-@-
-<95DDFCL=A5H9BIA69FC:=B8=J=8I5@G9AD@CM986MIG5B89BH=H=9GH<5HK97CBGC@=85H985GC:979A69FK5G5G
:C@@CKG=BH<CIG5B8G

'CFH<A9F=75
,CIH<A9F=75
IFCD9
<=B5=B7@I8=B;-5=K5B
-CH5@IHCACH=J9
CF8F98=H
&C6=@=HM
CFDCF5H95B8(H<9F
-CH5@CAD5BM
-<9F98I7H=CB=B9AD@CM99G=B=GDF=A5F=@M5F9GI@HC:CIF;@C65@F989G=;B9::CFHG
D5FH=5@@MC::G9H6MH<9588=H=CBC:
9AD@CM99GHC=B7F95G9DFC8I7H=CB=B79FH5=B:57=@=H=9G5B8H<9588=H=CBC:9AD@CM99G=B;FCKH<5F95G
=B7@I8=B;GC:HK5F9

9@97HF=:=75H=CB
5B885H5G7=9B79
,I6GH5BH=5@@M5@@C:H<9<CIF@M9AD@CM99G=BCIFIHCACH=J9CD9F5H=CBG5F9F9DF9G9BH986MIB=CBG5B87CJ9F986M
7C@@97H=J965F;5=B=B;5;F99A9BHG"BH<9.B=H98,H5H9G
5DDFCL=A5H9@MC:H<9G9IB=CB=N98<CIF@M9AD@CM99G=BCIF
IHCACH=J9G9;A9BH5F9F9DF9G9BH986MH<9"BH9FB5H=CB5@.B=CB
.B=H98IHCAC6=@9
9FCGD5795B8;F=7I@HIF5@
"AD@9A9BH0CF?9FGC:A9F=75X.0YCFX.B=H98IHC0CF?9FGYH979A69F

5DDFCL=A5H9@M
<CIF@M
9AD@CM99G=BH<9.B=H98,H5H9GK9F9F9DF9G9BH986MH<9.0

'
'1)!2-01
09<5J9@=GH9869@CKH<9A5H9F=5@F=G?:57HCFG5DD@=756@9HCIG;FCID98=BHCH<9:C@@CK=B;75H9;CF=9G(D9F5H=CB5@
+=G?G&57FC97CBCA=7
&5F?9H
5B8,HF5H9;=7+=G?G=B5B7=5@+=G?G5B8%9;5@5B8+9;I@5HCFM+=G?G
"<1>-@5;:-8%5?7?
-0","-0"0#"'291$',,!'*!-,"'2'-,,"0#13*21-$-.#02'-,1&4# ##,,"+7!-,2',3#2- #

"4#01#*7$$#!2#" 7.3 *'!&#*2&'113#1',!*3"',%#.'"#+'!1-0.,"#+'!113!&1 09:579J5F=CIG
F=G?GF9@5H98HCDI6@=7<95@H<=GGI9G
=B7@I8=B;9D=89A=7G
D5B89A=7G
5B8CH<9FCIH6F95?G
=B7@I8=B;H<9;@C65@CIH6F95?C:
(/"-<9=AD57HC:(/"
=B7@I8=B;7<5B;9G=B7CBGIA9F69<5J=CF
D5B89A=7:95FG5B8A5F?9H8CKBHIFBG

5B8F9GHF=7H=CBGCB6IG=B9GG5B8=B8=J=8I5@57H=J=H=9G
<5G7F95H98G=;B=:=75BHJC@5H=@=HM=BH<9;@C65@97CBCAM5B8@98HC
F98I79897CBCA=757H=J=HM-<9F9<5J9699B9LHF5CF8=B5FM57H=CBGH5?9B6M=BH9FB5H=CB5@
:989F5@
GH5H9
5B8@C75@DI6@=7
<95@H<5B8;CJ9FBA9BH5@5IH<CF=H=9GHC7CBH5=B5B87CA65HH<9CIH6F95?5B8GDF958C:(/"=BF9;=CBGH<FCI;<CIH
H<9KCF@8
=B7@I8=B;HF5J9@65BG
EI5F5BH=B9G
XGH5M5H<CA9YCF89FG
5B8G=A=@5FA5B85H9G:CFA5BM=B8=J=8I5@GHC
GI6GH5BH=5@@MF9GHF=7H85=@M57H=J=H=9G5B8:CFA5BM6IG=B9GG9GHC7IFH5=@CF795G9BCFA5@CD9F5H=CBG-CH<99LH9BH75G9G
GIF;9=B5BM@C75H=CBG
GHF=B;9BH@=A=H5H=CBGCB85=@M57H=J=H=9GH<5HA5M<5J9699B95G98DF9J=CIG@M7CI@869F9=BGH5H98=B
H<CG95F95GIFH<9F
=:B9KGHF5=BGC:(/"89J9@CDCFGI::=7=9BH5ACIBHGC:J577=B9G5F9BCH5J5=@56@9
BCHK=89@M
58A=B=GH9F98:CF5G=;B=:=75BHD9F=C8C:H=A9
CFCH<9FK=G9DFCJ9=B9::97H=J9
H<9=AD57HC:(/"CBH<9;@C65@
97CBCAM
5B8
=BHIFB
CIF:=B5B7=5@7CB8=H=CB
@=EI=8=HM
5B8F9GI@HGC:CD9F5H=CBG7CI@869A5H9F=5@
CBG=GH9BHK=H<H<957H=CBGH5?9B6M;CJ9FBA9BH5@5IH<CF=H=9G
=B@5H9&5F7<
K9=8@98CIFA5BI:57HIF=B;
CD9F5H=CBG=BF9;=CBG5FCIB8H<9KCF@8CH<9FH<5B<=B5
K<9F9A5BI:57HIF=B;CD9F5H=CBGK9F9GIGD9B898=B#5BI5FM5B8
96FI5FM69:CF969;=BB=B;HCF9GIA9CD9F5H=CBG=B&5F7<M&5M
H5?=B;5D<5G985DDFC57<5B85:H9F=BHFC8I7=B;
B9KG5:9HMDFCHC7C@G5HCIFD@5BHG
K9F9GIA98A5BI:57HIF=B;CD9F5H=CBG5FCIB8H<9KCF@8
-<997CBCA=7G@CK8CKB5HHF=6IH56@9HC(/"@98HC5;@C65@897F95G9=BJ9<=7@9G5@9G=BA5F?9HG5FCIB8H<9
KCF@8G89G7F=698=BACF989H5=@69@CKIB89FX9/@>?=D>,70>A:7@8049,9D:1:=/G>60D8,=60?>.,9-0A:7,?470,9/
.:@7//0.749041?30=04>,149,9.4,7.=4>4>=0.0>>4:9:=>429414.,9?20:;:74?4.,70A09?Y5GIGH5=B98897@=B9=BJ9<=7@9G5@9G
KCI@8<5J95GI6GH5BH=5@58J9FG99::97HCBCIF:=B5B7=5@7CB8=H=CB
F9GI@HGC:CD9F5H=CBG
5B875G<:@CK
-<9DF98CA=B5BHG<5F9C:CF8F98=HWG6IG=B9GG7CBG=GHGC::=B5B7=B;CF85B8%=B7C@BJ9<=7@9G
5B8H<98IF5H=CBCF
F9GIF;9B79C:(/"CFG=A=@5FDI6@=7<95@H<=GGI9GA5MB9;5H=J9@M=AD57HH<9@9J9@C:CF=;=B5H=CBG5HCF8F98=HCF
9L5AD@9
CF8WGGIGD9BG=CBC:A5BI:57HIF=B;CD9F5H=CBG
5G=;B=:=75BH897@=B9=B895@9FG<CKFCCAHF5::=7
5B8 CF5
F98I7H=CBC:CD9F5H=CBG5H895@9FGA5M@958HC5G=;B=:=75BH897@=B9=BCF8F98=HWG7CBGIA9F5B8BCB7CBGIA9F
CF=;=B5H=CBG&CF9CJ9F
5GIGH5=B98897@=B9=BG5@9G7CI@8<5J95G=;B=:=75BH58J9FG99::97HCB895@9FDFC:=H56=@=HM5B8
7F98=HKCFH<=B9GGIFH<9F
(/"<5G<585G=;B=:=75BHB9;5H=J9=AD57HCBA5BM6IG=B9GG9G5B8IB9AD@CMA9BHF5H9G
<5J9=B7F95G98G<5FD@M:FCADF9(/"@9J9@GCF8F98=H9LD97HGH<997CBCA=7IB79FH5=BHM5B8<=;<9F
IB9AD@CMA9BHHCF9GI@H=B<=;<9F89:5I@HG=B=HG7CBGIA9FDCFH:C@=C
5B8DFC@CB;98IB9AD@CMA9BH=G9LD97H98HC<5J95
B9;5H=J9=AD57HCB6CH<B9K5B8IG98J9<=7@989A5B8
-<9;@C65@97CBCA=7G@CK8CKB5B8GH5M5H<CA9CF89FG9B57H9857FCGGH<9.B=H98,H5H9G8=GFIDH985I7H=CB57H=J=HM
=BA5BM@C75H=CBG
K<=7<58J9FG9@M=AD57H985B875IG9889@5MG=BF95@=N=B;H<9F9G5@9J5@I9:CFC::@95G95B8
F9DCGG9GG98J9<=7@9G@H<CI;<5I7H=CBD9F:CFA5B79<5G=ADFCJ98
:IHIF9CF588=H=CB5@F9GHF=7H=CBG7CI@8<5J95G=A=@5F
58J9FG9=AD57HCBCF8F98=HCFACF9=B:CFA5H=CB56CIHH<9=AD57HC:<=;<9F7F98=H@CGG9G5B8@CK9FF9G=8I5@J5@I9G
CBCF8F98=HWG6IG=B9GG
G99X:=/=0/4?.:@7/0C;0=409.034230=?3,90C;0.?0/.=0/4?7:>>0>7:B0=?3,9,9?4.4;,?0/
=0>4/@,7A,7@0>:=34230=?3,90C;0.?0/=0?@=9A:7@80>1:=70,>0/A034.70>Y69@CK
G89G7F=698=BACF989H5=@69@CKIB89FX:=/,9/:=/=0/4?G>,..0>>?:/0-?>0.@=4?4E,?4:9:=/0=4A,?4A08,=60?>
,=:@9/?30B:=7/,?.:8;0?4?4A0=,?0>:=49>@114.409?,8:@9?>.:@7/-0,110.?0/-D.=0/4?=,?492/:B92=,/0>8,=60?
A:7,?474?D8,=60?/4>=@;?4:9=02@7,?:=D=0<@4=0809?>:=:?30=1,.?:=>YH<9JC@5H=@=HM7F95H986M(/"58J9FG9@M
5::97H98CF8F98=HWG5779GGHCH<9896H5B8G97IF=H=N5H=CBA5F?9HG5B8=HG7CGHC::IB8=B;
5B85BMJC@5H=@=HM=BH<975D=H5@
A5F?9HG5G5F9GI@HC:5GIF;9=B75G9GC:(/"
B9KCIH6F95?G
CF:CF5BMCH<9FF95GCB7CI@8<5J95B58J9FG9
=AD57HCBCF8F98=HWG5779GGHCH<CG9A5F?9HG5B8=HG7CGHC::IB8=B;

?08
%4>6,.?:=>:9?49@0/
-<9:I@@=AD57HC:(/"CBCIF:=B5B7=5@7CB8=H=CB5B8F9GI@HGC:CD9F5H=CBGK=@@89D9B8CB:IHIF989J9@CDA9BHG

GI7<5GH<9I@H=A5H98IF5H=CB5B8G7CD9C:H<9CIH6F95?=B7@I8=B;5BMDCH9BH=5@:IHIF9K5J9G5B8H<9GI779GGC:
J577=B5H=CBDFC;F5AG
=HG=AD57HCBCIF7IGHCA9FG
895@9FG
5B8GIDD@=9FG
<CKEI=7?@MBCFA5@97CBCA=77CB8=H=CBG

CD9F5H=CBG
5B8H<989A5B8:CFCIFDFC8I7HG75BF9GIA9
5B85BMD9FA5B9BH69<5J=CF5@7<5B;9GH<5HH<9D5B89A=7A5M
75IG9CF9L5AD@9
=BH<99J9BHA5BI:57HIF=B;CD9F5H=CBG5F95;5=BGIGD9B898
:I@@MF5AD=B;IDCIFDFC8I7H=CB
G7<98I@9HCDF=CF@9J9@GA5MH5?9@CB;9FH<5BH<9DF=CFF9GIADH=CB5B8K=@@89D9B8
=BD5FH
CBK<9H<9FCIFGIDD@=9FG5B8
895@9FG<5J9F9GIA98BCFA5@CD9F5H=CBG(IF5IHCACH=J9CD9F5H=CBG;9B9F5@@M8CBCHF95@=N9F9J9BI9K<=@9CIF
A5BI:57HIF=B;CD9F5H=CBG5F9GIGD9B898
6IHK97CBH=BI9HC=B7IFCD9F5H=B;5B8BCBCD9F5H=B;9LD9BG9G
F9GI@H=B;=B5
89H9F=CF5H=CBC:CIF75G<:@CK77CF8=B;@M
5BMG=;B=:=75BH:IHIF98=GFIDH=CBHCCIFDFC8I7H=CBG7<98I@9
K<9H<9F5G5
F9GI@HC:CIFCKBCF5GIDD@=9FWGGIGD9BG=CBC:CD9F5H=CBG
7CI@8<5J95GI6GH5BH=5@58J9FG99::97HCBCIF:=B5B7=5@
7CB8=H=CB
@=EI=8=HM
5B8F9GI@HGC:CD9F5H=CBGIFH<9F
;CJ9FBA9BHGDCBGCF98@=EI=8=HMCFGH=AI@IGDFC;F5AG=BF9GDCBG9HC
(/"A5MBCH695J5=@56@9HCCIF7IGHCA9FG
GIDD@=9FG
895@9FG
CFIG
5B8=:5J5=@56@9
A5MB9J9FH<9@9GG69
=BGI::=7=9BHHC588F9GGH<9=AD57HGC:(/"&CF9CJ9F
CIFGIDD@M5B88=GHF=6IH=CB7<5=BGA5M698=GFIDH986M
GIDD@=9FCF895@9F65B?FIDH7=9GCFH<9=FD9FA5B9BH8=G7CBH=BI5H=CBC:CD9F5H=CBG
-<9(/"D5B89A=7A5M5@GC9L579F65H9CH<9FF=G?G8=G7@CG98=BCIFCFA$+9DCFH

=B7@I8=B;
6IHBCH
@=A=H98HC
CIF7CAD9H=H=J9B9GG
89A5B8CFA5F?9H5779DH5B79:CFCIFDFC8I7HG
5B8G<=:H=B;7CBGIA9FDF9:9F9B79G
-0"'1&'%&*7"#.#,"#,2-,'2113..*'#012-"#*'4#0!-+.-,#,21',!!-0",!#5'2&-0"91.0-"3!2'-,
1!&#"3*#,"1&-02%#-$)#7!-+.-,#,2113!&11#+'!-,"3!2-01!,"'103.2-0"91.0-"3!2'-,-$
4#&'!*#1(IFDFC8I7HG7CBH5=B7CADCB9BHGH<5HK9GCIF79;@C65@@M:FCAGIDD@=9FGK<C
=BHIFB
GCIF797CADCB9BHG:FCA
H<9=FGIDD@=9FG":H<9F9=G5G<CFH5;9C:5?9M7CADCB9BH=BCIFGIDD@M7<5=B
5B8H<97CADCB9BH75BBCH6995G=@M
GCIF798:FCA58=::9F9BHGIDD@=9F
H<9G<CFH5;9A5M8=GFIDHCIFDFC8I7H=CBCF9L5AD@9
H<95IHCACH=J9=B8IGHFM=G:57=B;
5G=;B=:=75BHG<CFH5;9C:G9A=7CB8I7HCFG0=H<IDHC:=:HMAC8I@9GCB5J9<=7@9
K95B8CIF7CAD9H=HCFGK<CB998
=BH9;F5H987=F7I=HG5F99LD9F=9B7=B;J5F=CIG@9J9@GC:G9A=7CB8I7HCF=AD57H-<9G9A=7CB8I7HCFGIDD@M7<5=B=G7CAD@9L

5B857CBGHF5=B98K5:9F75D57=HM=GC77IFF=B;899D=BH<97<5=B @C65@G9A=7CB8I7HCFA5?9FG5@@C75H98ACF975D57=HMHC
A99HGIF;=B;89A5B8:CF7CBGIA9F9@97HFCB=7G8IF=B;H<9(/"D5B89A=75G5IHCACH=J9(&G9LD9F=9B798
=B8IGHFMK=89D@5BH7@CGIF9GHH<9G5A9H=A9
K5:9F:CIB8F=9GH<5HGIDDCFH7<=DA5?9FG<5J9BCH=BJ9GH989BCI;<=B
F979BHM95FGHC=B7F95G975D57=H=9GHCH<9@9J9@GB99898HCGIDDCFH89A5B8:FCA5@@C:H<9=F7IGHCA9FG05:9FG<5J95
@CB;@958H=A9:CFDFC8I7H=CB
=BGCA975G9GIDHCK99?G
K<=7<:IFH<9F9L579F65H9GH<9G<CFH5;90<9B;@C65@
5IHCA5?9FGF9GIA98J9<=7@9DFC8I7H=CB=BU9J9BACF9EI=7?@MH<5BGCA99LD97H98UG9A=7CB8I7HCFGIDD@=9G
6975A9:IFH<9FGHF5=B987CA6=B5H=CBC:H<9G9:57HCFG
=B7@I8=B;=B7F95G9889A5B8:CF7CBGIA9F9@97HFCB=7G

5IHCACH=J9G<IH8CKBG8I9HC(/"
H<9F5D=8F97CJ9FMC:89A5B8:CFJ9<=7@9G
5B8@CB;@958H=A9G:CFK5:9F
DFC8I7H=CB
=G7CBHF=6IH=B;HCH<9G<CFH5;9C:G9A=7CB8I7HCFGG<CFH5;9C:G9A=7CB8I7HCFGCFCH<9F?9M7CADCB9BHG75B
75IG95G=;B=:=75BH8=GFIDH=CBHCCIFDFC8I7H=CBG7<98I@95B8<5J95GI6GH5BH=5@58J9FG99::97HCBCIF:=B5B7=5@7CB8=H=CB
CFF9GI@HGC:CD9F5H=CBG
-0"91*-,%2#0+!-+.#2'2'4#,#11"#.#,"1-,2&#13!!#11$3*#6#!32'-,-$'21*,09DF9J=CIG@M5BBCIB798
CIFD@5B:CFH<9;@C65@F989G=;BC:CIF6IG=B9GG
DIFGI5BHHCK<=7<K95F9KCF?=B;HCHIFB5FCIB85IHCACH=J9CD9F5H=CBG

7CAD9H9@=?957<5@@9B;9F
5B875D=H5@=N9CBCIFGHF9B;H<G6M5@@C75H=B;ACF975D=H5@
ACF9F9GCIF79G
5B8ACF9H5@9BHHC
CIFGHFCB;9GH6IG=B9GG5B8J9<=7@9:F5B7<=G9G09D@5BHC8CGC6M697CA=B;ACF97IGHCA9F79BHF=7
9A6F57=B;
H97<BC@C;M
5B858CDH=B;DFC79GG9GH<5H9AD<5G=N9G=AD@=7=HM
GD9985B85;=@=HM
9::=7=9B7M
5B8577CIBH56=@=HM-<9
F9GHFI7HIF=B;G=BJC@J98=BHIFB=B;5FCIB8CIF5IHCACH=J9CD9F5H=CBG<5J9F9GI@H98=B7<5F;9GH<5H<5J9<585B58J9FG9
=AD57HCBCIF:=B5B7=5@7CB8=H=CB5B8F9GI@HGC:CD9F5H=CBG
5B8K99LD97HHC=B7IF588=H=CB5@7<5F;9G=BH<9:IHIF9
&CF9CJ9F
GI7<F9GHFI7HIF=B;57H=CBGA5MGI6>97HIGHCDCH9BH=5@7@5=AG:FCA9AD@CM99G
GIDD@=9FG
895@9FG
CF
;CJ9FBA9BH5@5IH<CF=H=9GCF<5FACIFF9DIH5H=CB"B588=H=CB
HC:IFH<9F=ADFCJ9CIF6IG=B9GG5B8CJ9F5@@7CAD9H=H=J9B9GG

K95F95HH9ADH=B;HC@9J9F5;9F9@5H=CBG<=DGK=H<H<=F8D5FH=9G
=B7@I8=B;J5F=CIG5@@=5B79G5B8>C=BHJ9BHIF9G5G8=G7IGG98
69@CKIB89FX:=/8,D9:?=0,74E0?30,9?4.4;,?0/-09014?>:10C4>?492:=;09/492>?=,?024.,774,9.0>5:49?A09?@=0>
,.<@4>4?4:9>/4A0>?4?@=0>:=90B-@>490>>>?=,?0240>YIFH<9F
G=;B=:=75BH7<5B;9GHCCIF@CB;H9FA6IG=B9GGAC89@=B
J5F=CIGF9;=CBGA5M69B979GG5FMG<CI@8H<9MDFCJ9HC69IBJ=56@9":K95F9BCHGI779GG:I@=B9L97IH=B;H<9)@5BCF5F9
89@5M98:CFF95GCBGCIHG=89C:CIF7CBHFC@
K9A5MBCH6956@9HCA5H9F=5@@M@CK9F7CGHG=BH<9B95FH9FA
=ADFCJ9CIF
7CAD9H=H=J9B9GG=BH<9@CB;H9FA
CFF95@=N9H<9:I@@69B9:=HGC:CIF;@C65@F989G=;B57H=CBG
K<=7<7CI@8<5J95B58J9FG9
9::97HCBCIF:=B5B7=5@7CB8=H=CBCFF9GI@HGC:CD9F5H=CBG

?08
%4>6,.?:=>:9?49@0/
-0"914#&'!*#1!-3*" #$$#!2#" 7"#$#!212&20#13*2',"#*71',,#5+-"#**3,!&#10#!**!+.'%,1-0

',!0#1#"500,27!-121 CJ9FBA9BHG5:9HMGH5B85F8GF9EI=F9A5BI:57HIF9FGHCF9A98M89:97HGF9@5H98HCJ9<=7@9
G5:9HMH<FCI;<G5:9HMF975@@75AD5=;BG
5B85A5BI:57HIF9F=GC6@=;5H98HCF975@@J9<=7@9G=:=H89H9FA=B9GH<5HH<9J9<=7@9G
8CBCH7CAD@MK=H<5G5:9HMGH5B85F8'!-,WG9B:CF79A9BHGHF5H9;M<5GG<=:H98HC5G=;B=:=75BH=B7F95G9=B7=J=@D9B5@H=9G
@9J=985B8H<9IG9C:7CBG9BHCF89FGF9EI=F=B;8=F97HCJ9FG=;<H6M'!-,C:79FH5=BA5BI:57HIF9FGWG5:9HMDFC79GG9G
5
HF9B8H<5H7CI@87CBH=BI9,<CI@8K9CF;CJ9FBA9BHG5:9HMF9;I@5HCFG89H9FA=B9H<5H5G5:9HMCFCH<9F89:97HCF5
BCB7CAD@=5B799L=GHGK=H<F9GD97HHC79FH5=BC:CIFJ9<=7@9GDF=CFHCH<9GH5FHC:DFC8I7H=CB
H<9@5IB7<C:GI7<J9<=7@9
7CI@86989@5M98IBH=@GI7<89:97H=GF9A98=98-<97CGHC:F975@@5B87IGHCA9FG5H=G:57H=CB57H=CBGHCF9A98M89:97HG=B
J9<=7@9GH<5H<5J9699BGC@87CI@869GI6GH5BH=5@
D5FH=7I@5F@M=:H<957H=CBGF9@5H9HC;@C65@D@5H:CFAGCF=BJC@J989:97HG
H<5H5F9=89BH=:=98M95FG5:H9FDFC8I7H=CBCF9L5AD@9
'!-,5B8H<95IHCACH=J9=B8IGHFM5F97IFF9BH@M9B;5;98=B5
GHI8MC:H<9G5:9HMC:5DDFCL=A5H9@MA=@@=CB-5?5H589G=775H985=F65;=B:@5HCFG=BH<9.B=H98,H5H9G(:H<9G9

5DDFCL=A5H9@MH<F995B85<5@:A=@@=CBC:H<9=B:@5HCFG5F9=BCIFJ9<=7@9G,<CI@8'!-,89H9FA=B9H<5HH<9=B:@5HCFG
7CBH5=B5G5:9HM89:97H
CF85B8CH<9FA5BI:57HIF9FG7CI@8DCH9BH=5@@M:579G=;B=:=75BH=B7F9A9BH5@F975@@7CGHG(IF
F979BH9LD9F=9B79F975@@=B;56CIHH<F99A=@@=CB-5?5H55=F65;=B:@5HCFGK=H<58=::9F9BH89G=;BF9GI@H98=BIG=B7IFF=B;5
7<5F;9C:A=@@=CB=BCIF:CIFH<EI5FH9FF9GI@HGIFH<9F
HCH<99LH9BHF975@@5B87IGHCA9FG5H=G:57H=CB57H=CBG
F9@5H9HC89:97H=J97CADCB9BHGK9F979=J9:FCAGIDD@=9FG
CIF56=@=HMHCF97CJ9F:FCAH<9GIDD@=9FGA5M69@=A=H986MH<9
GIDD@=9FGW:=B5B7=5@7CB8=H=CB09577FI9H<99GH=A5H987CGHC:6CH<65G9K5FF5BHM7CJ9F5;9G5B8:=9@8G9FJ=7957H=CBG5H
H<9H=A95J9<=7@9=GGC@8
5B8K9F99J5@I5H9H<9589EI57MC:CIF577FI5@GCB5F9;I@5F65G=G"B588=H=CB
:FCAH=A9HC
H=A9
K9=GGI99LH9B898K5FF5BH=9G5HCIF9LD9BG9
H<99GH=A5H987CGHC:K<=7<=G577FI985HH<9H=A9C:=GGI5B79CF
588=H=CB5@=B:CFA5H=CBF9;5F8=B;K5FF5BHM5B8:=9@8G9FJ=7957H=CB7CGHG
=B7@I8=B;CIFDFC79GG:CF9GH56@=G<=B;CIF
F9G9FJ9G
G99XF=H=75@77CIBH=B;GH=A5H9GY=B"H9A5B8'CH9C:H<9'CH9GHCH<9=B5B7=5@,H5H9A9BHG":K5FF5BHM
7CGHG5F9;F95H9FH<5B5BH=7=D5H985G5F9GI@HC:=B7F95G98J9<=7@95B87CADCB9BH7CAD@9L=HM
H<958CDH=CBC:B9K
H97<BC@C;=9G
CFCH<9FK=G9
GI7<7CGHG7CI@8<5J95B58J9FG99::97HCBCIF:=B5B7=5@7CB8=H=CBCFF9GI@HGC:CD9F5H=CBG
IFH<9FACF9
@5IB7<89@5MG
F975@@57H=CBG
5B8=B7F95G98K5FF5BHM7CGHG7CI@858J9FG9@M5::97HCIFF9DIH5H=CBCFA5F?9H
5779DH5B79C:CIFDFC8I7HG5G8=G7IGG9869@CKIB89FX:=/G>90B,9/0C4>?492;=:/@.?>,9/8:-474?D>0=A4.0>,=0>@-50.?
?:8,=60?,..0;?,9.0,9/1,.0>429414.,9?.:8;0?4?4:91=:80C4>?492,9/90B09?=,9?>49?30,@?:8:?4A0,9/8:-474?D
49/@>?=40>Y
-0"+7,-20#*'8#2&#,2'!'.2#" #,#$'21-$#6'12',%-0.#,"',%1202#%'!**',!#1(-',24#,230#1
!/3'1'2'-,1"'4#12'230#1-0,#5 31',#111202#%'#109<5J9=BJ9GH98=B
:CFA98GHF5H9;=75@@=5B79GK=H<
5B8
5BBCIB798CF:CFA98>C=BHJ9BHIF9GK=H<5BIA69FC:7CAD5B=9G
5B8K9A5M9LD5B8H<CG9F9@5H=CBG<=DGCF9BH9F=BHC
G=A=@5FF9@5H=CBG<=DGK=H<588=H=CB5@7CAD5B=9G-<9G9=B=H=5H=J9GHMD=75@@M=BJC@J99BCFACIG7CAD@9L=HM5B8K9A5MBCH
6956@9HC7CAD@9H95BH=7=D5H98HF5BG57H=CBG
H<95BH=7=D5H9869B9:=HGC:H<9G9HF5BG57H=CBGA5MBCH69F95@=N98
CFH<9
69B9:=HGA5M6989@5M98CF9L5AD@9
K9A5MBCHGI779GG:I@@M=BH9;F5H95B5@@=5B79CF>C=BHJ9BHIF9K=H<CIFCD9F5H=CBG

=B7@I8=B;H<9=AD@9A9BH5H=CBC:CIF7CBHFC@G
GMGH9AG
DFC798IF9G
5B8DC@=7=9G
CFIB:CF9G99B9LD9BG9GCF@=56=@=H=9GA5M
5F=G9H<5HK9F9BCH8=G7CJ9F988IF=B;8I98=@=;9B79DF=CFHC5B=BJ9GHA9BHCF9BHFM=BHC5GHF5H9;=75@@=5B79
CF5
A=G5@=;BA9BHC:=BH9F9GHGA5M89J9@CD69HK99BIG5B8H<9CH<9FD5FHMIFH<9F
HCH<99LH9BHK9G<5F9CKB9FG<=D

7CBHFC@
CFA5B5;9A9BHK=H<5BCH<9FD5FHM=B5>C=BHJ9BHIF9
CIF56=@=HMHC=B:@I9B79H<9>C=BHJ9BHIF9A5M69@=A=H98
5B8
K9A5M69IB56@9HCDF9J9BHA=G7CB8I7HCF=AD@9A9BHCIF7CAD@=5B79CF=BH9FB5@7CBHFC@GMGH9AG"B588=H=CB

=AD@9A9BH5H=CBC:5B9K6IG=B9GGGHF5H9;MA5M@958HCH<98=GFIDH=CBC:CIF9L=GH=B;6IG=B9GGCD9F5H=CBG
=B7@I8=B;
8=GHF57H=B;A5B5;9A9BH:FCA7IFF9BHCD9F5H=CBG+9GI@HGC:CD9F5H=CBG:FCAB9K57H=J=H=9GA5M69@CK9FH<5BCIF9L=GH=B;
57H=J=H=9G
5B8
=:5GHF5H9;M=GIBGI779GG:I@
K9A5MBCHF97CIDCIF=BJ9GHA9BHG=BH<5HGHF5H9;M5=@IF9HCGI779GG:I@@M
5B8H=A9@MF95@=N9H<95BH=7=D5H9869B9:=HGC:H<9G9HF5BG57H=CBGCFGHF5H9;=9G7CI@8<5J95B58J9FG99::97HCBCIF:=B5B7=5@
7CB8=H=CBCFF9GI@HGC:CD9F5H=CBG

?08
%4>6,.?:=>:9?49@0/
.#02'-,*1712#+11#!30'271712#+1,"4#&'!*#1!-3*" #$$#!2#" 7!7 #0',!'"#,21,"-2&#0

"'103.2'-,109F9@MCB=B:CFA5H=CBH97<BC@C;MB9HKCF?G5B8GMGH9AG
=B7@I8=B;=BJ9<=7@9GMGH9AG5B8AC6=@989J=79G

GCA9C:K<=7<5F9A5B5;986MGIDD@=9FG
HCDFC79GG
HF5BGA=H
5B8GHCF99@97HFCB=7=B:CFA5H=CBH<5H=G=ADCFH5BHHCH<9
CD9F5H=CBC:CIF6IG=B9GG5B8CIFJ9<=7@9G9GD=H9G97IF=HMA95GIF9G
K95F95HF=G?:CF=BH9FFIDH=CBG
CIH5;9G
5B8
7CADFCA=G9GC:=CD9F5H=CB5@GMGH9AG=B7@I8=B;6IG=B9GG
:=B5B7=5@
577CIBH=B;
DFC8I7H89J9@CDA9BH
7CBGIA9F
F979=J56@9G
85H5DFC79GG=B;
CFA5BI:57HIF=B;DFC79GG9G==:57=@=HMG97IF=HMGMGH9AG5B8 CF====BJ9<=7@9GMGH9AGCF
AC6=@989J=79G
K<9H<9F75IG986M57M69F5HH57?
G97IF=HM6F957<
CFCH<9FF95GCBG
9;
5B5HIF5@8=G5GH9F
:=F9
CF
CJ9F6IF89B98=B:F5GHFI7HIF9GMGH9A,I7<=B7=89BHG7CI@8A5H9F=5@@M8=GFIDHCD9F5H=CB5@GMGH9AGF9GI@H=B@CGGC:HF589
G97F9HGCFCH<9FDFCDF=9H5FMCF7CAD9H=H=J9@MG9BG=H=J9=B:CFA5H=CB7CADFCA=G9H<9DF=J57MC:D9FGCB5@=B:CFA5H=CBC:
7CBGIA9FG
9AD@CM99G
CFCH<9FG>9CD5F8=N9H<9G97IF=HMC:CIF:57=@=H=9G5::97HH<9D9F:CFA5B79C:=BJ9<=7@9GMGH9AG
5B8 CF=AD57HH<9G5:9HMC:CIFJ9<=7@9G-<=GF=G?9LDCGIF9F=G9G5GK97CBH=BI9HC89J9@CD5B8DFC8I79J9<=7@9GK=H<
=B7F95G987CBB97H=J=HM&CF9CJ9F
K9
CIFGIDD@=9FG
5B8CIF895@9FG<5J9699BH<9H5F;9HC:7M69F5HH57?G=BH<9D5GH

5B8GI7<5HH57?GK=@@7CBH=BI95B89JC@J9=BH<9:IHIF9
K<=7<A5M75IG97M69F=B7=89BHGHC69ACF98=::=7I@HHC89H97H:CF
D9F=C8GC:H=A9(IFB9HKCF?G5B8=BJ9<=7@9GMGH9AG
G<5F=B;G=A=@5F5F7<=H97HIF9G
7CI@85@GC69=AD57H986MH<9
B9;@=;9B79CFA=G7CB8I7HC:=BG=89FGCFH<=F8D5FH=9GK<C<5J95779GGHCCIFB9HKCF?G5B8GMGH9AG097CBH=BI5@@M
9AD@CM75D56=@=H=9G
DFC79GG9G
5B8CH<9FG97IF=HMA95GIF9G89G=;B98HCF98I795B8A=H=;5H9H<9F=G?C:7M69F5HH57?G
<CK9J9F
GI7<DF9J9BH5H=J9A95GIF9G75BBCHDFCJ=8956GC@IH9G97IF=HM5B8A5MBCH69GI::=7=9BH=B5@@7=F7IAGH5B79GCF
A=H=;5H95@@DCH9BH=5@F=G?G&CF9CJ9F
57M69F=B7=89BH7CI@8<5FACIFF9DIH5H=CB5B8 CFGI6>97HIGHCF9;I@5HCFM57H=CBGCF
@=H=;5H=CB
5B857M69F=B7=89BH=BJC@J=B;IGCFCB9C:CIFGIDD@=9FG7CI@8=AD57HDFC8I7H=CB
-0"91.0-"3!2'-,15#**1-0"9113..*'#019.0-"3!2'-,!-3*" #"'103.2#" 7* -0'113#1,230*-0

+,+"#"'112#01$',,!'*"'120#11.0-"3!2'-,"'$$'!3*2'#1-0-2&#0$!2-01KCF?GHCDD5;9CFCH<9F@=A=H5H=CB
CBDFC8I7H=CB7CI@8C77IF5HCF8WGCF=HGGIDD@=9FGW:57=@=H=9G:CF5BMBIA69FC:F95GCBG
=B7@I8=B;5G5F9GI@HC:@56CF
=GGI9G
=B7@I8=B;8=GDIH9GIB89F9L=GH=B;7C@@97H=J965F;5=B=B;5;F99A9BHGK=H<@56CFIB=CBGCF=B7CBB97H=CBK=H<
B9;CH=5H=CBC:B9K7C@@97H=J965F;5=B=B;5;F99A9BHG
56G9BH99=GA
DI6@=7<95@H<=GGI9G9;
(/"
GH5M5H<CA9
CF89FG
CF=BF9GDCBG9HCDCH9BH=5@F9GHFI7HIF=B;57H=CBG9;
D@5BH7@CGIF9G5G5F9GI@HC:GIDD@=9F:=B5B7=5@8=GHF9GGCF
CH<9FDFC8I7H=CB7CBGHF5=BHG
GI7<5G@=A=H98EI5BH=H=9GC:7CADCB9BHG
=B7@I8=B;6IHBCH@=A=H98HCG9A=7CB8I7HCFG
CFF5K
A5H9F=5@G
EI5@=HM=GGI9G
CFCH<9F8=::=7I@H=9G5G5F9GI@HC:5B5HIF5@8=G5GH9F=B7@I8=B;7@=A5H9F9@5H98D<MG=75@F=G?CF:CF
CH<9FF95GCBG&5BM7CADCB9BHGIG98=BCIFJ9<=7@9G5F95J5=@56@9CB@M:FCA5G=B;@9CF@=A=H98BIA69FC:GIDD@=9FG5B8

H<9F9:CF9
75BBCH69F9GCIF798EI=7?@MCF=B9LD9BG=J9@MHC5BCH<9FGIDD@=9F8I9HC@CB;@958H=A9G
B9K7CBHF57HI5@
7CAA=HA9BHGH<5HA5M69F9EI=F986M5BCH<9FGIDD@=9F69:CF9F5AD=B;IDHCDFCJ=89H<97CADCB9BHGCFA5H9F=5@G
9H7
,I7<GIDD@=9FG5@GC7CI@8H<F95H9BHC8=GFIDHCIFDFC8I7H=CB5G@9J9F5;9=BB9;CH=5H=CBG"B588=H=CB
K<9BK9IB89FH5?95
AC89@7<5B;9CJ9F
G=;B=:=75BH8CKBH=A95HCB9CFACF9C:CIFDFC8I7H=CB:57=@=H=9GA5M69F9EI=F98
5B8CIF56=@=HMHC
F9HIFBHC:I@@DFC8I7H=CBA5M6989@5M98=:K99LD9F=9B79DFC8I7H=CB8=::=7I@H=9G5HCB9C:CIF:57=@=H=9GCF5GIDD@=9FWG
:57=@=HM&CF9CJ9F
5GJ9<=7@9G
7CADCB9BHG
5B8H<9=F=BH9;F5H=CB697CA9ACF97CAD@9L
K9A5M:5795B=B7F95G98F=G?
C:589@5M=BDFC8I7H=CBC:B9KJ9<=7@9G+9;5F8@9GGC:H<975IG9
CIF56=@=HMHCF97CID@CGHDFC8I7H=CBJC@IA9A5M69
@=A=H9877CF8=B;@M
5G=;B=:=75BH8=GFIDH=CBHCCIFDFC8I7H=CBG7<98I@97CI@8<5J95GI6GH5BH=5@58J9FG99::97HCBCIF
:=B5B7=5@7CB8=H=CBCFF9GI@HGC:CD9F5H=CBG5B8A5M=AD57HCIFGHF5H9;MHC7CAD@MK=H<:I9@97CBCAMGH5B85F8G5G
8=G7IGG9869@CKIB89FX:=/8,D900/?:>@->?,9?4,77D8:/41D4?>;=:/@.?;7,9>?:.:8;7DB4?3>,10?D084>>4:9>1@07
0.:9:8D,@?:9:8:@>A034.70,9/:?30==02@7,?4:9>Y
-0"91 '*'272-+',2',!-+.#2'2'4#!-121203!230#!-3*" #$$#!2#" 7* -0-0-2&#0!-,120',21

,I6GH5BH=5@@M5@@C:H<9<CIF@M9AD@CM99G=BCIFIHCACH=J9CD9F5H=CBG=BH<9.B=H98,H5H9G5B85B5855F9F9DF9G9BH98
6MIB=CBG5B87CJ9F986M7C@@97H=J965F;5=B=B;5;F99A9BHG-<9G95;F99A9BHGDFCJ=89;I5F5BH998K5;95B869B9:=H
@9J9@GH<FCI;<CIHH<97CBHF57HH9FA5B8GCA989;F99C:=B7CA9G97IF=HM
GI6>97HHC79FH5=B7CB8=H=CBG-<9G95;F99A9BHG
A5MF9GHF=7HCIF56=@=HMHC7@CG9D@5BHG5B88=J9GH6IG=B9GG9GGI6GH5BH=5@BIA69FC:CIF9AD@CM99G=BCH<9FF9;=CBG5F9
F9DF9G9BH986MIB=CBGCF;CJ9FBA9BH7CIB7=@G
5B8@9;=G@5H=CBCF7IGHCADFCACH=B;F9H9BH=CBC:A5BI:57HIF=B;CFCH<9F
9AD@CMA9BH=BH<9GH5H9
7CIBHFM
CFF9;=CBA5M7CBGHF5=B5G5DF57H=75@A5HH9FCIF56=@=HMHCG9@@CF7@CG9A5BI:57HIF=B;CF
CH<9F:57=@=H=9G
-0"91 '*'272-220!2,"0#2',2*#,2#""'4#01#,"&'%&*71)'**#"#+.*-7##1'1!0'2'!*2-'2113!!#11,"
!-+.#2'2'4#,#11(IFGI779GG89D9B8GCBCIF56=@=HMHC7CBH=BI9HCF97FI=H5B8F9H5=BH5@9BH985B88=J9FG99AD@CM99G
K<C5F9<=;<@MG?=@@98=B9B;=B99F=B;
GC:HK5F9
H97<BC@C;M=B7@I8=B;8=;=H5@75D56=@=H=9G5B87CBB97H=J=HM
5B8A5F?9H=B;
5B8G5@9G
5ACB;CH<9F5F95GCAD9H=H=CB:CFGI7<9AD@CM99G=G=BH9BG9
5B8H<9@CGGC:9L=GH=B;9AD@CM99GCFCIF
=B56=@=HMHCF97FI=HB9K9AD@CM99G
D5FH=7I@5F@MK=H<H<9=BHFC8I7H=CBC:B9KH97<BC@C;=9G
7CI@8<5J95GI6GH5BH=5@58J9FG9
9::97HCBCIF6IG=B9GG

?08
%4>6,.?:=>:9?49@0/
-/>;1/;:;95/ ->71@-:0&@>-@135/%5?7?
-0"91,#5,"#6'12',%.0-"3!21,"+- '*'271#04'!#10#13 (#!22-+0)#2!!#.2,!#,"$!#1'%,'$'!,2

!-+.#2'2'-,$0-+#6'12',%,",#5#,20,21',2&#32-+-2'4#,"+- '*'27',"3120'#1@H<CI;<K97CB8I7H
9LH9BG=J9A5F?9HF9G95F7<69:CF9@5IB7<=B;B9KCFF9:F9G<98J9<=7@9G5B8=BHFC8I7=B;B9KG9FJ=79G
A5BM:57HCFG6CH<
K=H<=B5B8CIHG=89CIF7CBHFC@5::97HH<9GI779GGC:B9KCF9L=GH=B;DFC8I7HG5B8G9FJ=79G=BH<9A5F?9HD@579
5B8K9A5M
BCH6956@9HC577IF5H9@MDF98=7HHF9B8GCFH<9GI779GGC:B9KDFC8I7HGCFG9FJ=79G=BH<9A5F?9H"HH5?9GM95FGHC89G=;B
5B889J9@CD5B9KJ9<=7@9CF7<5B;95B9L=GH=B;J9<=7@9975IG97IGHCA9FGWDF9:9F9B79GA5M7<5B;9EI=7?@M
CIFB9K
5B89L=GH=B;DFC8I7HGA5MBCH;9B9F5H9G5@9G=BGI::=7=9BHEI5BH=H=9G5B85H7CGHG@CK9BCI;<HC69DFC:=H56@9(::9F=B;
J9<=7@9G5B8G9FJ=79GH<5H7IGHCA9FGK5BH5B8J5@I975BA=H=;5H9H<9F=G?GC:=B7F95G=B;DF=797CAD9H=H=CB5B8897@=B=B;
89A5B8
6IHDFC8I7HG5B8G9FJ=79GH<5H5F9D9F79=J98HC69@9GG89G=F56@9K<9H<9F=BH9FAGC:DF=79
EI5@=HM
GHM@=B;

G5:9HM
CJ9F5@@J5@I9
:I9@9::=7=9B7M
CFCH<9F5HHF=6IH9G75B9L579F65H9H<9G9F=G?GCF9L5AD@9
=:K95F9IB56@9HC
8=::9F9BH=5H9CIFDFC8I7HG:FCAH<CG9C:CIF7CAD9H=HCFGCFGI::=7=9BH@MH5=@CFCIFDFC8I7HGHC7IGHCA9FG=BA5F?9HG@=?9
<=B5
H<9F97CI@869=BGI::=7=9BH89A5B8:CFCIFDFC8I7HG
K<=7<7CI@8<5J95B58J9FG9=AD57HCBCIF:=B5B7=5@7CB8=H=CB
CFF9GI@HGC:CD9F5H=CBG
0=H<=B7F95G987CBGIA9F=BH9F7CBB97H98B9GGH<FCI;<H<9=BH9FB9H
GC7=5@A98=5
5B8CH<9FA98=5
A9F95@@9;5H=CBG
F9@5H=B;HCEI5@=HM
G5:9HM
:I9@9::=7=9B7M
7CFDCF5H9GC7=5@F9GDCBG=6=@=HM
CFCH<9F?9M5HHF=6IH9G75BB9;5H=J9@M=AD57HCIF
F9DIH5H=CBCFA5F?9H5779DH5B79C:CIFDFC8I7HGCFG9FJ=79G
9J9BK<9F9GI7<5@@9;5H=CBGDFCJ9HC69=B577IF5H9CF
IB:CIB898IFH<9F
CIF56=@=HMHCGI779GG:I@@M;FCKH<FCI;<=BJ9GHA9BHG=BH<95F95GC:AC6=@=HM5B89@97HF=:=75H=CB
89D9B8GCBA5BM:57HCFG
=B7@I8=B;58J5B79A9BHG=BH97<BC@C;M
F9;I@5HCFM7<5B;9G
5B8CH<9F:57HCFGH<5H5F98=::=7I@HHC
DF98=7H
H<5HA5MG=;B=:=75BH@M5::97HH<9:IHIF9C:5IHCBCACIGJ9<=7@9G5B8AC6=@=HMG9FJ=79G-<95IHCACH=J95B8AC6=@=HM
6IG=B9GG9G5F9J9FM7CAD9H=H=J95B85F9IB89F;C=B;F5D=87<5B;9G-F58=H=CB5@7CAD9H=HCFG5F99LD5B8=B;H<9=FC::9F=B;G

5B8B9KHMD9GC:7CAD9H=HCFGD5FH=7I@5F@M=BCIF5F95GC:GHF9B;H<
9;
D=7?IDHFI7?G5B8IH=@=H=9GH<5HA5MDCGG9GG
GID9F=CFH97<BC@C;M
A5M<5J96IG=B9GGAC89@GK=H<79FH5=B5GD97HGH<5H5F9ACF99::=7=9BH
5B85F9BCHGI6>97HHCH<9
G5A9@9J9@C::=L987CGHG5GIG
5F99BH9F=B;H<9A5F?9H-<=G@9J9@C:7CAD9H=H=CB=B7F95G9GH<9=ADCFH5B79H<5HK95F9
56@9HC5BH=7=D5H9
89J9@CD
5B889@=J9FDFC8I7HG5B8G9FJ=79GH<5H7IGHCA9FG89G=F9CB5H=A9@M65G=G
=BEI5BH=H=9G=B@=B9
K=H<89A5B8
5B85H7CGHG@CK9BCI;<HC69DFC:=H56@9
09<5J95BBCIB798CIF=BH9BHHC7CBH=BI9A5?=B;AI@H=6=@@=CB8C@@5F=BJ9GHA9BHG=B9@97HF=:=75H=CB5B8AC6=@=HM(IF

D@5BG=B7@I89C::9F=B;9@97HF=:=98J9FG=CBGC:A5BMC:CIFJ9<=7@9G
=B7@I8=B;H<9":H<9A5F?9H:CF9@97HF=:=98J9<=7@9G
8C9GBCH89J9@CD5HH<9F5H9K99LD97H
9J9B=:H<9F9;I@5HCFM:F5A9KCF?9B7CIF5;9G5F5D=858CDH=CBC:9@97HF=:=98
J9<=7@9G
CF=:7CBGIA9FGDF9:9FCIF7CAD9H=HCFGWJ9<=7@9G
H<9F97CI@8695B58J9FG9=AD57HCBCIF:=B5B7=5@7CB8=H=CBCF
F9GI@HGC:CD9F5H=CBGIFH<9F
5G8=G7IGG9869@CKIB89FX:=/8,D900/?:>@->?,9?4,77D8:/41D4?>;=:/@.?;7,9>?:
.:8;7DB4?3>,10?D084>>4:9>1@070.:9:8D,@?:9:8:@>A034.70,9/:?30==02@7,?4:9>Y@CK9FH<5BD@5BB98A5F?9H
5779DH5B79C:CIFJ9<=7@9GA5M=AD57HCIFGHF5H9;MHC7CAD@MK=H<:I9@97CBCAMGH5B85F8G&CF9CJ9F
B9KC::9F=B;G

=B7@I8=B;H<CG9F9@5H98HC5IHCBCACIGJ9<=7@9G
A5MDF9G9BHH97<BC@C;=75@7<5@@9B;9GH<5H7CI@8697CGH@MHC=AD@9A9BH
5B8CJ9F7CA95B8A5MGI6>97HIGHC7IGHCA9F7@5=AG=:H<9M8CBCHCD9F5H95G5BH=7=D5H98"B588=H=CB
G=B79B9K
H97<BC@C;=9G5F9GI6>97HHCA5F?9H5779DH5B79
5A5@:IB7H=CB=BJC@J=B;5BMA5BI:57HIF9FWG5IHCBCACIGJ9<=7@9A5M
B9;5H=J9@M=AD57HH<9D9F79DH=CBC:5IHCBCACIGJ9<=7@9G5B89FC897IGHCA9FHFIGH
-0"910#13*210#"#.#,"#,2-,1*#1-$*0%#0+-0#.0-$'2 *#4#&'!*#1.02'!3*0*7',2&#,'2#"22#1
G<=:H=B7CBGIA9FDF9:9F9B79G5K5M:FCA@5F;9F
ACF9DFC:=H56@9J9<=7@9G=B7@I8=B;HFI7?G5B8IH=@=H=9G
K<9H<9F6975IG9
C:GD=?=B;:I9@DF=79G
5897@=B9=BH<97CBGHFI7H=CB=B8IGHFM
;CJ9FBA9BH57H=CBGCF=B79BH=J9G
CFCH<9FF95GCBG
7CI@8
F9GI@H=B5B=AA98=5H95B8GI6GH5BH=5@58J9FG99::97HCBCIF:=B5B7=5@7CB8=H=CBCFF9GI@HGC:CD9F5H=CBG&CF9CJ9F
CIF
56=@=HMHC89J9@CD5B8G9@@H<9G9J9<=7@9GA5M69@=A=H98:CFH<9F95GCBG8=G7IGG9869@CKIB89FX:=/8,D900/?:
>@->?,9?4,77D8:/41D4?>;=:/@.?;7,9>?:.:8;7DB4?3>,10?D084>>4:9>1@070.:9:8D,@?:9:8:@>A034.70,9/:?30=
=02@7,?4:9>Y
'2&%*- *$--2.0',2-0"910#13*21!-3*" #"4#01#*7$$#!2#" 7#!-,-+'!%#-.-*'2'!*.0-2#!2'-,'12

20"#.-*'!'#1-0-2&#0#4#,21',!*3"',%20'$$10=H<H<9=B7F95G=B;=BH9F7CBB97H98B9GGC:H<9;@C65@97CBCAM
5
:=B5B7=5@7F=G=G
97CBCA=78CKBHIFBCFF979GG=CB
B5HIF5@8=G5GH9F
;9CDC@=H=75@7F=G=G
CFCH<9FG=;B=:=75BH9J9BH=BCB95F95
C:H<9KCF@875B<5J95B=AA98=5H95B8A5H9F=5@58J9FG9=AD57HCBA5F?9HG5FCIB8H<9KCF@8<5B;9G=B=BH9FB5H=CB5@
HF589DC@=7M75B5@GC<5J95GI6GH5BH=5@58J9FG99::97HCBCIF:=B5B7=5@7CB8=H=CBCFF9GI@HGC:CD9F5H=CBGCF9L5AD@9

GH9DGH5?9B6MH<9.,;CJ9FBA9BHHC5DD@MCF7CBG=89F5DD@M=B;H5F=::GCB5IHCAC6=@9G
D5FHG
5B8CH<9FDFC8I7HG5B8
A5H9F=5@G<5J9H<9DCH9BH=5@HC8=GFIDH9L=GH=B;GIDD@M7<5=BG
=ADCG9588=H=CB5@7CGHGCBCIF6IG=B9GG
5::97HH<989A5B8
:CFCIFDFC8I7HG
5B8A5?9IG@9GG7CAD9H=H=J9IFH<9F
CH<9F7CIBHF=9G5HH9ADH=B;HCF9H5@=5H96M=ADCG=B;H5F=::GKCI@8
=B7F95G9H<97CGH:CFIGHC=ADCFHCIFJ9<=7@9G=BHCGI7<7CIBHF=9G"B588=H=CB
7<5B;9GHC5B8K=H<8F5K5@G:FCA9L=GH=B;
HF5895;F99A9BHG5B8H<99BHFM=BHCB9KHF5895;F99A9BHG69HK99B;CJ9FBA9BHGA5M=AD57HCIFF9GI@HGC:CD9F5H=CBG

?08
%4>6,.?:=>:9?49@0/
<=B5
=BD5FH=7I@5F
DF9G9BHGIB=EI9F=G?GHC5IHCA5?9FG8I9HC=HGIB=EI97CAD9H=H=J95B8F9;I@5HCFM@5B8G75D9CF
9L5AD@9
K9<5J99GH56@=G<98>C=BHJ9BHIF9G=B<=B5
5B8
5G8=G7IGG9856CJ9IB89FX:=/8,D9:?=0,74E0?30
,9?4.4;,?0/-09014?>:10C4>?492:=;09/492>?=,?024.,774,9.0>5:49?A09?@=0>,.<@4>4?4:9>/4A0>?4?@=0>:=90B-@>490>>
>?=,?0240>
YK98CBCH<5J9H<956=@=HMHC7CBHFC@CFCD9F5H9H<CG9>C=BHJ9BHIF9G:CFCIFGC@969B9:=H<5B;9G=BH<9
<=B9G997CBCAM
5B8H<95IHCACH=J9A5F?9H=BD5FH=7I@5F
5F98F=J=B;G=;B=:=75BH7<5B;9GHCCIF6IG=B9GGAC89@:CF
CD9F5H=B;=B<=B50<=@9H<97<5B;9=BH<9.,58A=B=GHF5H=CB=G9LD97H98HCF98I79JC@5H=@=HM=B.,<=B5F9@5H=CBG

95F@MG=;B5@G:FCAH<9=B7CA=B;58A=B=GHF5H=CB=B8=75H957CBH=BI=HM=B<=B5DC@=7MH<5HA5M=AD57HCIF6IG=B9GGAC89@:CF
CD9F5H=B;=B<=B5
09<5J9CD9F5H=CBG=BJ5F=CIGA5F?9HGK=H<JC@5H=@997CBCA=7CFDC@=H=75@9BJ=FCBA9BHG5B85F9DIFGI=B;;FCKH<
CDDCFHIB=H=9G=B5BIA69FC:B9K@M89J9@CD985B89A9F;=B;A5F?9HG-<9G9=BJ9GHA9BHGA5M9LDCG9IGHC<9=;<H9B98
F=G?GC:97CBCA=7
;9CDC@=H=75@
CFCH<9F9J9BHG
=B7@I8=B;;CJ9FBA9BH5@H5?9CJ9F=9
B5H=CB5@=N5H=CBC:CIF
A5BI:57HIF=B;:57=@=H=9GCF=BH9@@97HI5@DFCD9FHM
F9GHF=7H=J99L7<5B;9CF=ADCFH7CBHFC@G
8=GFIDH=CBC:CD9F5H=CBG5G5F9GI@H
C:GMGH9A=7DC@=H=75@CF97CBCA=7=BGH56=@=HM
CIH6F95?C:K5FCF9LD5BG=CBC:<CGH=@=H=9G
5B857HGC:H9FFCF=GA
957<C:K<=7<
7CI@8<5J95GI6GH5BH=5@58J9FG99::97HCBCIF:=B5B7=5@7CB8=H=CBCFF9GI@HGC:CD9F5H=CBGIFH<9F
H<9.,;CJ9FBA9BH

CH<9F;CJ9FBA9BHG
5B8=BH9FB5H=CB5@CF;5B=N5H=CBG7CI@8=ADCG9588=H=CB5@G5B7H=CBGH<5H7CI@8F9GHF=7HIG:FCA8C=B;
6IG=B9GG8=F97H@MCF=B8=F97H@M=BCFK=H<79FH5=B7CIBHF=9GCFD5FH=9G
K<=7<7CI@8=B7@I895::=@=5H9G
,"312071*#14-*3+#',,7-$-0"91)#7+0)#21!, #4-*2'*#,"!-3*""#!*',#'$2&#0#'1$',,!'*
!0'1'10#!#11'-,-01'%,'$'!,2%#-.-*'2'!*#4#,2975IG9K9
@=?9CH<9FA5BI:57HIF9FG
<5J95<=;<DFCDCFH=CBC:
F9@5H=J9@M:=L98GHFI7HIF5@7CGHG
F9@5H=J9@MGA5@@7<5B;9G=B=B8IGHFMG5@9GJC@IA975B<5J95GI6GH5BH=5@9::97HCBCIF75G<
:@CK5B8F9GI@HGC:CD9F5H=CBG"B8IGHFMJ9<=7@9G5@9G5F95::97H986MCJ9F5@@97CBCA=75B8A5F?9H7CB8=H=CBG":=B8IGHFM
J9<=7@9G5@9GK9F9HC897@=B9HC@9J9@GG=;B=:=75BH@M69@CKCIFD@5BB=B;5GGIADH=CB:CF?9MA5F?9HG=B7@I8=B;H<9.B=H98
,H5H9G
IFCD9
CF<=B5
H<9897@=B97CI@8<5J95GI6GH5BH=5@58J9FG99::97HCBCIF:=B5B7=5@7CB8=H=CB
F9GI@HGC:
CD9F5H=CBG
5B875G<:@CKCF58=G7IGG=CBC:97CBCA=7HF9B8G
G99"H9A
-0"+7$!#',!0#1#".0'!#!-+.#2'2'-,-00#"3!2'-,',"#+,"$-0'21.0-"3!210#13*2',%$0-+',"31207
#6!#11!.!'27!300#,!7$*3!232'-,1!-+.#2'2'4#!2'-,1-0-2&#0$!2-01-<9;@C65@5IHCACH=J9=B8IGHFM=G
=BH9BG9@M7CAD9H=H=J9
K=H<A5BI:57HIF=B;75D57=HM;9B9F5@@M:5F9L7998=B;7IFF9BH89A5B8H<9F979BH75D57=HM
7CBGHF5=BHG5G5F9GI@HC:H<9=AD57HGC:(/"69=B;5H9ADCF5FM9L79DH=CB"B8IGHFMCJ9F75D57=HM<5GF9GI@H98=B
A5BMA5BI:57HIF9FGC::9F=B;A5F?9H=B;=B79BH=J9GCBJ9<=7@9G=B5B5HH9ADHHCA5=BH5=B5B8;FCKA5F?9HG<5F9H<9G9
=B79BH=J9G<=GHCF=75@@M<5J9=B7@I89857CA6=B5H=CBC:GI6G=8=N98:=B5B7=B;CF@95G=B;DFC;F5AG
DF=79F965H9G
5B8CH<9F
=B79BH=J9GG5F9GI@H
K95F9BCHB979GG5F=@M56@9HCG9HCIFDF=79GHCC::G9H<=;<9FA5F?9H=B;=B79BH=J9G
7CAAC8=HMCF
CH<9F7CGH=B7F95G9G
H5F=::G
CFH<9=AD57HC:58J9FG97IFF9B7M:@I7HI5H=CBG
=B7@I8=B;7CGH58J5BH5;9G:CF9=;B7CAD9H=HCFG
A5M<5J96975IG9C:H<9=FK95?9F<CA9A5F?9H7IFF9B7=9G
K<=7<A5M
=BHIFB
9B56@9H<CG97CAD9H=HCFGHCC::9FH<9=F
DFC8I7HG5H@CK9FDF=79GCBH=BI5H=CBC:CF=B7F95G989L79GG75D57=HM
D5FH=7I@5F@M:CFHFI7?G5B8IH=@=H=9G
7CI@8<5J95
GI6GH5BH=5@58J9FG99::97HCBCIF:=B5B7=5@7CB8=H=CBCFF9GI@HGC:CD9F5H=CBG
*3!232'-,1',!-++-"'27.0'!#1$-0#'%,!300#,!7#6!&,%#02#1',2#0#1202#1,"+0)#24*3#-$-0"
-0-0"0#"'291',4#12+#,21!,&4#1'%,'$'!,2#$$#!2-,0#13*21095F99LDCG98HC5J5F=9HMC:A5F?9HF=G?G

=B7@I8=B;H<99::97HGC:7<5B;9G=B7CAAC8=HMDF=79G
:CF9=;B7IFF9B7M9L7<5B;9F5H9G
5B8=BH9F9GHF5H9G09ACB=HCF
5B8A5B5;9H<9G99LDCGIF9G5G5B=BH9;F5@D5FHC:CIFCJ9F5@@F=G?A5B5;9A9BHDFC;F5A
K<=7<F97C;B=N9GH<9
IBDF98=7H56=@=HMC:A5F?9HG5B8G99?GHCF98I79DCH9BH=5@@M58J9FG99::97HGCBCIF6IG=B9GG<5B;9G=B7CAAC8=HMDF=79G
:FCAH5F=::G
5G8=G7IGG9856CJ9IB89FX*4?3,27:-,71::?;=49?:=/G>=0>@7?>.:@7/-0,/A0=>07D,110.?0/-D0.:9:84.
20:;:74?4.,7;=:?0.?4:94>??=,/0;:74.40>:=:?30=0A09?>49.7@/492?,=411>
YCFCH<9FK=G9
7IFF9B7M9L7<5B;9F5H9G
5B8
=BH9F9GHF5H9G75BBCH5@K5MG69DF98=7H98
<98;98
CFC::G9HK=H<DF=79=B7F95G9GHC9@=A=B5H995FB=B;GJC@5H=@=HMG5
F9GI@H
G=;B=:=75BH7<5B;9G=B7CAAC8=HMDF=79G
CF=BH9F9GHF5H9G7CI@8<5J95GI6GH5BH=5@
58J9FG99::97HCBCIF:=B5B7=5@7CB8=H=CBCFF9GI@HGC:CD9F5H=CBG,99"H9A5B8"H9A:CF588=H=CB5@8=G7IGG=CBC:
7IFF9B7M
7CAAC8=HMDF=79
5B8=BH9F9GHF5H9F=G?G"B588=H=CB
CIFF9GI@HG5F9=AD57H986M:@I7HI5H=CBG=BH<9A5F?9HJ5@I9
C:CIF=BJ9GHA9BHG

?08
%4>6,.?:=>:9?49@0/
5:-:/5-8%5?7?
-0","-0"0#"'291!!#112-"# 21#!30'2'82'-,-0"#0'42'4#+0)#210-3,"2&#5-0*"2!-+.#2'2'4#

02#1-0',13$$'!'#,2+-3,21!-3*" #$$#!2#" 7!0#"'202',%"-5,%0"#1+0)#24-*2'*'27+0)#2"'103.2'-,
0#%3*2-070#/3'0#+#,21-0-2&#0$!2-01CF85B8CF8F98=HWG56=@=HMHCC6H5=BIBG97IF98:IB8=B;5H5F95GCB56@9
7CGH=G89D9B89BHCBH<9=F7F98=HF5H=B;GCFH<9=FD9F79=J987F98=HKCFH<=B9GGIFH<9F
CF8F98=HWG56=@=HMHCC6H5=B
G97IF=H=N98:IB8=B;IB89F=HG7CAA=HH985GG9H657?98@=EI=8=HMDFC;F5AG5B879FH5=BCH<9F5GG9H657?98G97IF=H=N5H=CB
HF5BG57H=CBG=GGI6>97HHC<5J=B;5GI::=7=9BH5ACIBHC:5GG9HG9@=;=6@9:CFH<9G9DFC;F5AG
5GK9@@5GCF8F98=HWG56=@=HM
HCC6H5=B5DDFCDF=5H97F98=HF5H=B;G5B8
:CF79FH5=B7CAA=HH98DFC;F5AG
89F=J5H=J9GHCA5B5;9H<9=BH9F9GHF5H9F=G?(J9F
H=A9
5B8D5FH=7I@5F@M=BH<99J9BHC:7F98=HF5H=B;8CKB;F589G
A5F?9HJC@5H=@=HM
A5F?9H8=GFIDH=CB
CFCH<9F:57HCFG
CF8
F98=HA5MF98I79H<95ACIBHC:F979=J56@9G=HDIF7<5G9GCFCF=;=B5H9G6975IG9C::IB8=B;7CBGHF5=BHGG5F9GI@HC:
%"(+F9:CFA
H<9DCH9BH=5@8=G7CBH=BI5B79C:%"(+=GCB9GI7<F=G?H<5H7CI@875IG9A5F?9HJC@5H=@=HMCF8=GFIDH=CB"H=G
8=::=7I@HHCDF98=7HH<99::97HC:H<9G97<5B;9G
CH<9FF9:CFAG
CFH<958CDH=CBC:5@H9FB5H=J9F9:9F9B79F5H9G
6IHH<9
8=G7CBH=BI5B79C:%"(+7CI@858J9FG9@M5::97HCF8F98=HWG5779GGHCH<9896H
G97IF=H=N5H=CB
CF89F=J5H=J9A5F?9HG5B8
=HG7CGHC::IB8=B;5B8<98;=B;"B588=H=CB
CF8F98=HA5MF98I79H<95ACIBHC:F979=J56@9G=HDIF7<5G9GCFCF=;=B5H9G=:
H<9F9=G5G=;B=:=75BH897@=B9=BH<989A5B8:CFH<9HMD9GC:G97IF=H=9G=HC::9FGCFCF8F98=H=GIB56@9HCC6H5=B89F=J5H=J9G
HCA5B5;9H<9=BH9F9GHF5H9F=G?5GGC7=5H98K=H<=HGG97IF=H=N5H=CBHF5BG57H=CBGG=;B=:=75BHF98I7H=CB=BH<95ACIBHC:
F979=J56@9GCF8F98=HDIF7<5G9GCFCF=;=B5H9GKCI@8G=;B=:=75BH@MF98I79=HGCB;C=B;F9GI@HGC:CD9F5H=CBG5B87CI@8
58J9FG9@M5::97H=HG56=@=HMHCGIDDCFHH<9G5@9C:CF8J9<=7@9G
-0"910#!#'.2-$%-4#0,+#,2',!#,2'4#1!-3*" #13 (#!22-0#"3!2'-,2#0+',2'-,-0!*5 !)09F979=J9

97CBCA=769B9:=HG:FCAB5H=CB5@
GH5H9
5B8@C75@;CJ9FBA9BHG=BJ5F=CIGF9;=CBGC:H<9KCF@8=BH<9:CFAC:=B79BH=J9G
89G=;B98HC9B7CIF5;9A5BI:57HIF9FGHC9GH56@=G<
A5=BH5=B
CF=B7F95G9=BJ9GHA9BH
KCF?:CF79
CFDFC8I7H=CB-<9G9
=B79BH=J9GA5MH5?9J5F=CIG:CFAG
=B7@I8=B;;F5BHG
@C5BGI6G=8=9G
CFH5L565H9A9BHGCF7F98=HG-<9=AD57HC:H<9G9
=B79BH=J9G75B69G=;B=:=75BH=B5D5FH=7I@5FA5F?9H8IF=B;5F9DCFH=B;D9F=C8897F95G9=B
9LD=F5H=CBK=H<CIHF9B9K5@C:

CFCH<9F79GG5H=CBCF7@5K657?C:;CJ9FBA9BH=B79BH=J9G:CF5BMC:CIF6IG=B9GGIB=HG
5G5F9GI@HC:58A=B=GHF5H=J9
897=G=CBCFCH<9FK=G9
7CI@8<5J95GI6GH5BH=5@58J9FG9=AD57HCBCIF:=B5B7=5@7CB8=H=CBCFF9GI@HGC:CD9F5H=CBG.BH=@

ACGHC:CIFA5BI:57HIF=B;:57=@=H=9G=B,CIH<A9F=75K9F9@C75H98=BF5N=@
K<9F9H<9GH5H9CF:989F5@;CJ9FBA9BHG
<=GHCF=75@@MC::9F98G=;B=:=75BH=B79BH=J9GHCA5BI:57HIF9FGHC9B7CIF5;975D=H5@=BJ9GHA9BH
=B7F95G9A5BI:57HIF=B;
DFC8I7H=CB
5B87F95H9>C6GG5F9GI@H
H<9D9F:CFA5B79C:CIF,CIH<A9F=75BCD9F5H=CBG<58699B=AD57H98:5JCF56@M
6M;CJ9FBA9BH=B79BH=J9GHC5GI6GH5BH=5@9LH9BH-<9:989F5@;CJ9FBA9BH=BF5N=@<5G@9J=985GG9GGA9BHG5;5=BGHIG
7CB79FB=B;H<9:989F5@=B79BH=J9GK9DF9J=CIG@MF979=J98
5B879FH5=BGH5H9G<5J97<5@@9B;98H<9;F5BHHCIGC:H5L
=B79BH=J9G6MH<9,H5H9C:5<=5,99'CH9C:H<9'CH9GHCH<9=B5B7=5@,H5H9A9BHG:CF8=G7IGG=CBC:CIF577CIBH=B;:CF
;CJ9FBA9BH=B79BH=J9G
5B8X"H9A%9;5@)FC7998=B;GY:CF58=G7IGG=CBC:H5LDFC7998=B;G=BF5N=@5B8H<9DCH9BH=5@
F9EI=F9A9BH:CFIGHCDCGH7C@@5H9F5@
-0"0#"'2!-3*"#6.#0'#,!#&'%&#02&,#6.#!2#"!0#"'2*-11#1*-5#02&,,2'!'.2#"0#1'"3*4*3#1-0
&'%&#02&,#6.#!2#"0#230,4-*3+#1$-0*#1#"4#&'!*#1F98=HF=G?=GH<9DCGG=6=@=HMC:@CGG:FCA57IGHCA9FWGCF
895@9FWG:5=@IF9HCA5?9D5MA9BHG577CF8=B;HC7CBHF57HH9FAGF98=HF=G?K<=7<=G<95J=@M89D9B89BHIDCB97CBCA=7
:57HCFG=B7@I8=B;IB9AD@CMA9BH
7CBGIA9F896HG9FJ=796IF89B
D9FGCB5@=B7CA9;FCKH<
895@9FDFC:=H56=@=HM
5B8IG9875F
DF=79G<5G5G=;B=:=75BH=AD57HCBCF8F98=HWG6IG=B9GG-<9@9J9@C:7F98=H@CGG9GCF8F98=HA5M9LD9F=9B797CI@8
9L7998=HG9LD97H5H=CBG5B858J9FG9@M5::97H=HG:=B5B7=5@7CB8=H=CBCFF9GI@HGC:CD9F5H=CBG"B588=H=CB
CF8F98=H
DFC>97HG9LD97H98F9G=8I5@J5@I9G=B7@I8=B;F9G=8I5@J5@I9GIDDCFHD5MA9BHG:FCACF85B8F9HIFBJC@IA9G:CFH<9
J9<=7@9G=H@95G9G7HI5@DFC7998GF95@=N986MCF8F98=HIDCBH<9G5@9C:F9HIFB98@95G98J9<=7@9G5H@95G9H9FA=B5H=CB
A5M69@CK9FH<5BH<95ACIBHDFC>97H98
K<=7<KCI@8F98I79CF8F98=HWGF9HIFBCBH<9@95G9HF5BG57H=CBACB;H<9
:57HCFGH<5H75B5::97HH<9J5@I9C:F9HIFB98@95G9J9<=7@9G5F9H<9JC@IA95B8A=LC:J9<=7@9GF9HIFB98
97CBCA=7
7CB8=H=CBG
A5F?9H=B;DFC;F5AG
5B8EI5@=HMCFD9F79=J98EI5@=HM
G5:9HM
:I9@9::=7=9B7M
CFF9@=56=@=HMC:H<9J9<=7@9G
CF
7<5B;9G=BDFCDI@G=CBH97<BC@C;M5B8F9@5H98@9;=G@5H=J97<5B;9G7HI5@F9HIFBJC@IA9GA5M69=B:@I9B7986MH<9G9
:57HCFG
5GK9@@5G6M7CBHF57HI5@@95G99B8J5@I9GF9@5H=J9HC5I7H=CBJ5@I9G57<C:H<9G9:57HCFG
5@CB9CF=B
7CA6=B5H=CB
<5GH<9DCH9BH=5@HC58J9FG9@M5::97HCF8F98=HWGF9GI@HGC:CD9F5H=CBG=:57HI5@F9GI@HGK9F9HC8=::9F
G=;B=:=75BH@M:FCACF8F98=HWGDFC>97H=CBG,99XF=H=75@77CIBH=B;GH=A5H9GY=B"H9A:CF588=H=CB5@8=G7IGG=CB

?08
%4>6,.?:=>:9?49@0/
!-,-+'!,""#+-%0.&'!#6.#0'#,!#$-0.#,1'-,,"-2&#0.-120#2'0#+#,2 #,#$'2.*,1#%"'1!-3,2
02#1-0',4#12+#,20#230,1!-3*" #5-01#2&,-0"&1113+#"-<9A95GIF9A9BHC:CIFC6@=;5H=CBG
7CGHG

5B8@=56=@=H=9G5GGC7=5H98K=H<69B9:=HGDIFGI5BHHCCIFD9BG=CB5B8CH<9FDCGHF9H=F9A9BH69B9:=HD@5BGF9EI=F9GH<5HK9
9GH=A5H9H<9DF9G9BHJ5@I9C:DFC>97H98:IHIF9D5MA9BHGHC5@@D5FH=7=D5BHG09IG9A5BM5GGIADH=CBG=B75@7I@5H=B;
H<9G99GH=A5H9G
=B7@I8=B;5GGIADH=CBGF9@5H98HC8=G7CIBHF5H9G
=BJ9GHA9BHF9HIFBGCB89G=;B5H98D@5B5GG9HG
5B8
89AC;F5D<=79LD9F=9B799;
ACFH5@=HM5B8F9H=F9A9BHF5H9G09;9B9F5@@MF9A95GIF9H<9G99GH=A5H9G5H957<M95F9B8
5B8F97C;B=N95BM;5=BGCF@CGG9G5GGC7=5H98K=H<7<5B;9GHCCIFD@5B5GG9HG5B8@=56=@=H=9G=BH<9M95F=B7IFF98-CH<9
9LH9BH57HI5@F9GI@HG5F9@9GG:5JCF56@9H<5BCIF5GGIADH=CBG
K9A5MF97C;B=N95F9A95GIF9A9BH@CGG=BCIFF9GI@HG

K<=7<7CI@869GI6GH5BH=5@CF588=H=CB5@=B:CFA5H=CBF9;5F8=B;CIF5GGIADH=CBG
G99XF=H=75@77CIBH=B;GH=A5H9GY=B
"H9A5B8'CH9C:H<9'CH9GHCH<9=B5B7=5@,H5H9A9BHG
#,1'-,,"-2&#0.-120#2'0#+#,2*' '*'2'#1!-3*""4#01#*7$$#!2-0"91*'/3'"'27,"$',,!'*!-,"'2'-,
09<5J989:=B9869B9:=HF9H=F9A9BHD@5BG=BH<9.B=H98,H5H9GH<5H7CJ9FA5BMC:CIF<CIF@M5B8G5@5F=989AD@CM99G09
5@GCDFCJ=89D9BG=CB69B9:=HGHCBCB.,9AD@CM99G5B8F9H=F99G
DF=A5F=@M=BIFCD9"B588=H=CB
K9GDCBGCFD@5BGHC
DFCJ=89CH<9FDCGHF9H=F9A9BH69B9:=HGX()Y:CFF9H=F989AD@CM99GDF=A5F=@M<95@H<75F95B8@=:9=BGIF5B7969B9:=HG
,99'CH9C:H<9'CH9GHCH<9=B5B7=5@,H5H9A9BHG:CFACF9=B:CFA5H=CB56CIHH<9G9D@5BG-<9G969B9:=HD@5BG
=ADCG9G=;B=:=75BH@=56=@=H=9GCBIG5B87CI@8F9EI=F9IGHCA5?9588=H=CB5@75G<7CBHF=6IH=CBG
K<=7<7CI@8=AD5=FCIF
@=EI=8=HM":CIF75G<:@CKG5B875D=H5@F9GCIF79G5F9=BGI::=7=9BHHCA99H5BMD9BG=CBCF()C6@=;5H=CBG
K97CI@869
:CF798HCF98I79CF89@5M=BJ9GHA9BHG5B875D=H5@9LD9B8=HIF9G
GIGD9B88=J=89B8D5MA9BHG
G99?588=H=CB5@75D=H5@
CF
F9GHFI7HIF9CFF9:=B5B79CIF=B896H98B9GG
13-8-:0%13A8-@;>E%5?7?
-0"!-3*"#6.#0'#,!#3,313*-01'%,'$'!,2*'2'%2'-,%-4#0,+#,2*',4#12'%2'-,1-0"4#01#.3 *'!'27
0'1',%-32-$**#%#""#$#!21',.0-"3!21.#0!#'4#"#,4'0-,+#,2*'+.!21-0-2&#05'1#09GD9B8GI6GH5BH=5@
F9GCIF79G9BGIF=B;H<5HK97CAD@MK=H<;CJ9FBA9BH5@G5:9HMF9;I@5H=CBG
AC6=@95B8GH5H=CB5FMGCIF799A=GG=CBG
F9;I@5H=CBG
5B8CH<9FGH5B85F8G
6IHK975BBCH9BGIF9H<5H9AD@CM99GCFCH<9F=B8=J=8I5@G5::=@=5H98K=H<IGK=@@BCH
J=C@5H9GI7<@5KGCFF9;I@5H=CBG"B588=H=CB
5G8=G7IGG9869@CKIB89FX:=/8,D900/?:>@->?,9?4,77D8:/41D4?>;=:/@.?
;7,9>?:.:8;7DB4?3>,10?D084>>4:9>1@070.:9:8D,@?:9:8:@>A034.70,9/:?30==02@7,?4:9>YF9;I@5HCFMGH5B85F8G
5B8=BH9FDF9H5H=CBGA5M7<5B;9CBG<CFHBCH=795B8=AD57HCIF7CAD@=5B79GH5HIG&CF9CJ9F
7CAD@=5B79K=H<
;CJ9FBA9BH5@GH5B85F8G8C9GBCHB979GG5F=@MDF9J9BH=B8=J=8I5@CF7@5GG57H=CB@5KGI=HG
K<=7<75B9BH5=@G=;B=:=75BH7CGH
5B8F=G?"B79FH5=B7=F7IAGH5B79G
7CIFHGA5MD9FA=HHCFH7@5=AG9J9BK<9F9CIFJ9<=7@9G7CAD@MK=H<:989F5@5B8 CFCH<9F
5DD@=756@9@5KIFH<9FACF9
G=AD@MF9GDCB8=B;HC57HI5@CFH<F95H9B98@=H=;5H=CBCF;CJ9FBA9BH=BJ9GH=;5H=CBGC:CIF
7CAD@=5B79K=H<F9;I@5HCFMGH5B85F8G
K<9H<9FF9@5H98HCCIFDFC8I7HGCF6IG=B9GGCF7CAA9F7=5@F9@5H=CBG<=DG
F9EI=F9G
G=;B=:=75BH9LD9B8=HIF9GC:H=A95B8CH<9FF9GCIF79G%=H=;5H=CB5@GC=G=B<9F9BH@MIB79FH5=B
5B8K97CI@89LD9F=9B79
G=;B=:=75BH58J9FG9F9GI@HG
K<=7<7CI@8<5J95B58J9FG99::97HCBCIF:=B5B7=5@7CB8=H=CBCFF9GI@HGC:CD9F5H=CBG"B
588=H=CB
58J9FG9DI6@=7=HMGIFFCIB8=B;5B5@@9;5H=CBA5M75IG9G=;B=:=75BHF9DIH5H=CB5@<5FAH<5H7CI@8<5J95G=;B=:=75BH
58J9FG99::97HCBCIFG5@9G
-0"+7,##"2-13 12,2'**7+-"'$7'21.0-"3!2.*,12-!-+.*75'2&1$#27#+'11'-,1$3#*#!-,-+7
32-,-+-314#&'!*#,"-2&#00#%3*2'-,1-<95IHCACH=J9=B8IGHFM=GGI6>97HHCF9;I@5H=CBGKCF@8K=89H<5H;CJ9FB
DFC8I7H7<5F57H9F=GH=7G5B8H<5H8=::9F6M;@C65@F9;=CB
7CIBHFM
5B8GCA9H=A9GK=H<=BB5H=CB5@6CIB85F=9GIFH<9F

588=H=CB5@5B8B9KF9;I@5H=CBG7CBH=BI9HC69DFCDCG98HC588F9GG7CB79FBGF9;5F8=B;H<99BJ=FCBA9BH=B7@I8=B;
7CB79FBG56CIH;@C65@7@=A5H97<5B;95B8=HG=AD57H
J9<=7@9G5:9HM
5B89B9F;M=B89D9B89B79
5B8H<9F9;I@5HCFM
@5B8G75D975B7<5B;9CBG<CFHBCH=79"BH<9.B=H98,H5H9G
@9;5@5B8DC@=7M8965H9G5F97CBH=BI=B;
K=H<5DF=A5FM:C7IG
CBF98I7=B; ! 9A=GG=CBG5B8=B7F95G=B;J9<=7@99@97HF=:=75H=CB-<9-FIAD58A=B=GHF5H=CBFC@@98657?5;;F9GG=J9
(65A558A=B=GHF5H=CB ! GH5B85F8G5B86@C7?985@=:CFB=5WG5IH<CF=HMHC58CDH=HGCKBF9;I@5H=CBG5GK9@@5GCH<9F
GH5H9GW5IH<CF=HMHCCDH=BHC5@=:CFB=5WGGH5B85F8G,H5H9G
9BJ=FCBA9BH5@;FCIDG
5B8CH<9FG5F97<5@@9B;=B;6CH<C:H<CG9
-FIAD58A=B=GHF5H=CB57H=CBG=B7CIFH-<9-FIAD58A=B=GHF5H=CBWG57H=CBG5@GC5F9GI6>97HHCF97CBG=89F5H=CB5B8F9J=G=CB
6MH<9=89B58A=B=GHF5H=CB5@=:CFB=5<5G5B5A6=H=CIGD@5BHCF98I79CJ9F5@@ ! 9A=GG=CBGHC69@CK@9J9@G
6MCIFHFI@=B;G5B857H=CBG6M:989F5@
5@=:CFB=5
5B8CH<9FGH5H9F9;I@5HCFG7F95H9F9;I@5HCFMIB79FH5=BHM5B8H<9
DCH9BH=5@:CF5DD@=756@9F9;I@5HCFMGH5B85F8GHC7<5B;9EI=7?@M"B588=H=CB
A5BM;CJ9FBA9BHGF9;I@5H9@C75@DFC8I7H
7CBH9BH5B8 CF=ADCG9=ADCFHF9EI=F9A9BHGK=H<H<95=AC:7F95H=B;>C6G
DFCH97H=B;8CA9GH=7DFC8I79FG
5B8=B:@I9B7=B;
H<965@5B79C:D5MA9BHG

?08
%4>6,.?:=>:9?49@0/
095F97CBH=BI=B;HCA5?97<5B;9GHCCIFDFC8I7H7M7@9D@5BHC=ADFCJ9H<9:I9@97CBCAMC:CIFD9HFC@9IADCK9F98
J9<=7@9G5B8HCC::9FACF9DFCDI@G=CB7<C=79G
GI7<5G9@97HF=:=98J9<=7@9G
K=H<@CK9F ! 9A=GG=CBG-<9F95F9@=A=HGCB
CIF56=@=HMHC57<=9J9:I9@97CBCAM=ADFCJ9A9BHGCJ9F5;=J9BH=A9:F5A9
<CK9J9F
DF=A5F=@MF9@5H=B;HCH<97CGH5B8
9::97H=J9B9GGC:5J5=@56@9H97<BC@C;=9G
7CBGIA9F5779DH5B79C:B9KH97<BC@C;=9G5B87<5B;9G=BJ9<=7@9A=L5G
89G7F=698=BACF989H5=@56CJ9IB89FX:=/G>90B,9/0C4>?492;=:/@.?>,9/8:-474?D>0=A4.0>,=0>@-50.??:8,=60?
,..0;?,9.0,9/1,.0>429414.,9?.:8;0?4?4:91=:80C4>?492,9/90B09?=,9?>49?30,@?:8:?4A0,9/8:-474?D49/@>?=40>Y

K=@@=B;B9GGC:7CBGIA9FGHC56GCF6H<9588=H=CB5@7CGHGC:B9KH97<BC@C;=9G
H<95DDFCDF=5H9B9GGCF@57?H<9F9C:C:
79FH5=BH97<BC@C;=9G:CFIG9=BD5FH=7I@5FJ9<=7@9G
H<9K=89GDF9585J5=@56=@=HMCF@57?H<9F9C:C:GIDDCFH=B;=B:F5GHFI7HIF9
:CFB9KH97<BC@C;=9G
5B8H<9<IA5B
9B;=B99F=B;
5B8:=B5B7=5@F9GCIF79GB979GG5FMHC89D@CMB9KH97<BC@C;=9G57FCGG
5K=89F5B;9C:DFC8I7HG5B8DCK9FHF5=BG=B5G<CFHH=A9"::I9@DF=79GF9A5=BF9@5H=J9@M@CK5B8A5F?9H7CB8=H=CBG8CBCH
8F=J97CBGIA9FGHCDIF7<5G99@97HF=7J9<=7@9G5B8CH<9F<=;<@M:I9@9::=7=9BHJ9<=7@9G=B@5F;9BIA69FG
=HA5M698=::=7I@HHC
A99H5DD@=756@99BJ=FCBA9BH5@GH5B85F8GK=H<CIH7CADFCA=G=B;F9GI@HG&CF9CJ9F
5DFC8I7H=CB8=GFIDH=CB
GHCDG<=D

@CK9FH<5BD@5BB98A5F?9H5779DH5B79C:CIFJ9<=7@9G
CFCH<9F=BH9FJ9B=B;9J9BHGA5M75IG9IGHCAC8=:MCIFDFC8I7H
D@5BG
CF
=BGCA975G9G
DIF7<5G97F98=HG
=BCF89FHC7CAD@MK=H<:I9@97CBCAMGH5B85F8G
K<=7<7CI@8<5J95B58J9FG9
9::97HCBCIF:=B5B7=5@7CB8=H=CBCFF9GI@HGC:CD9F5H=CBG5B8 CF75IG9F9DIH5H=CB5@<5FA
"B7F95G98G7FIH=BMC:5IHCA5?9F9A=GG=CBH9GH=B;6MF9;I@5HCFG5FCIB8H<9KCF@8<5G@98HCB9KF9;I@5H=CBG
ACF9
GHF=B;9BH9B:CF79A9BHDFC;F5AG
F9EI9GHG:CF:=9@857H=CBG
89A5B8G:CFF9DCFH=B;CBH<9:=9@8D9F:CFA5B79C:9A=GG=CBG
7CADCB9BHG5B8<=;<9FG7FIH=BMC::=9@885H5
5B8 CF89@5MG=BF9;I@5HCFM5DDFCJ5@G-<97CGHHC7CAD@MK=H<9L=GH=B;
;CJ9FBA9BHF9;I@5H=CBG=B588=H=CBHCH<97CGHC:5BM:=9@8G9FJ=7957H=CBGH<5HA5MF9GI@H:FCAF9;I@5HCFM57H=CBG=G
GI6GH5BH=5@5B8588=H=CB5@F9;I@5H=CBG
7<5B;9G=BF9;I@5HCFM=BH9FDF9H5H=CBG
CF7<5B;9G=B7CBGIA9FDF9:9F9B79GH<5H
5::97HJ9<=7@9A=L7CI@8<5J95GI6GH5BH=5@58J9FG9=AD57HCBCIF:=B5B7=5@7CB8=H=CBCFF9GI@HGC:CD9F5H=CBG"B588=H=CB

5BIA69FC:;CJ9FBA9BHG
5GK9@@5G' (G
DI6@=7@M5GG9GGJ9<=7@9GHCH<9=FCKBDFCHC7C@G-<9DFCHC7C@G7CI@87<5B;9

5B85BMB9;5H=J9D9F79DH=CBF9;5F8=B;H<9D9F:CFA5B79C:CIFJ9<=7@9GGI6>97H98HCGI7<H9GHG7CI@8F98I79:IHIF9G5@9G
CIFH897=G=CBG5F=G=B;CIHC:7CBGIA9F5B8=BJ9GHCF@=H=;5H=CB7CI@8;=J9F=G9HC/01,.?:7<5B;9G=BH<9=BH9FDF9H5H=CBC:
9L=GH=B;9A=GG=CB@5KG5B8F9;I@5H=CBG
H<9F96M=ADCG=B;B9K6IF89BGCBA5BI:57HIF9FGCFACF98=G7IGG=CBC:H<9
=AD57HC:GH5B85F8GCBCIF;@C65@6IG=B9GG
G99H<9X CJ9FBA9BH5@,H5B85F8GY8=G7IGG=CB=BX"H9AIG=B9GGY56CJ9
095B8CH<9F7CAD5B=9G7CBH=BI9HC89J9@CD5IHCBCACIGJ9<=7@9H97<BC@C;=9G
5B8H<9.,5B8:CF9=;B
;CJ9FBA9BHG5F97CBH=BI=B;HC89J9@CDH<9F9;I@5HCFM:F5A9KCF?H<5HK=@@;CJ9FB5IHCBCACIGJ9<=7@9G-<99JC@IH=CBC:
H<9F9;I@5HCFM:F5A9KCF?:CF5IHCBCACIGJ9<=7@9G
5B8H<9D579C:H<989J9@CDA9BHC:GI7<F9;I@5HCFM:F5A9KCF?
A5M
GI6>97HIGHC=B7F95G987CGHG5B8IB79FH5=BHM
5B8A5MI@H=A5H9@M=AD57HCIF56=@=HMHC89@=J9F5IHCBCACIGJ9<=7@9G5B8
F9@5H98G9FJ=79GH<5H7IGHCA9FGK5BH
-0","-0"0#"'2!-3*" #$$#!2#" 72&#!-,2',3#""#4#*-.+#,2-$+-0#120',%#,2.0'4!7"231#

,""2.0-2#!2'-,*51,"0#%3*2'-,115#**1!-,13+#019&#'%&2#,#"#6.#!22'-,12-1$#%30"2&#'0
.#01-,*',$-0+2'-,095F9GI6>97HHC@5KG
FI@9G
;I=89@=B9G:FCADF=J57MF9;I@5HCFG
5B8F9;I@5H=CBG=BH<9.B=H98
,H5H9G5B8CH<9F7CIBHF=9GGI7<5GH<9IFCD95B.B=CBWG 9B9F5@5H5)FCH97H=CB+9;I@5H=CB5B8H<95@=:CFB=5
CBGIA9F)F=J57M7HF9@5H=B;HCH<97C@@97H=CB
IG9
7FCGG6CF89F85H5HF5BG:9F
5B8G97IF=HMC:D9FGCB5@=B:CFA5H=CBC:
7CBGIA9FG
9AD@CM99G
CFCH<9FG
=B7@I8=B;@5KGH<5HA5MF9EI=F9IGHCBCH=:MF9;I@5HCFG5B85::97H98=B8=J=8I5@GC:585H5
G97IF=HM=B7=89BHL=GH=B;5B8B9K@M89J9@CD98@5KG5B8F9;I@5H=CBGA5M7CBH5=B6FC5889:=B=H=CBGC:D9FGCB5@
=B:CFA5H=CB
5F9GI6>97HHC7<5B;95B8IB79FH5=B=BH9FDF9H5H=CBG6M7CIFHG5B8F9;I@5HCFG
5B8A5M69=B7CBG=GH9BH:FCA
GH5H9HCGH5H9CF7CIBHFMHC7CIBHFM77CF8=B;@M
7CAD@M=B;K=H<GI7<@5KG5B8F9;I@5H=CBGA5M@958HC5897@=B9=B
7CBGIA9F9B;5;9A9BHCF75IG9IGHC=B7IFGI6GH5BH=5@7CGHGHCAC8=:MCIFCD9F5H=CBGCF6IG=B9GGDF57H=79G&CF9CJ9F

F9;I@5HCFM57H=CBGG99?=B;HC=ADCG9G=;B=:=75BH:=B5B7=5@D9B5@H=9G:CFBCB7CAD@=5B795B8 CF@9;5@57H=CBG=B7@I8=B;
DIFGI5BHHC@5KGDFCJ=8=B;:CFDF=J5H9F=;<HGC:57H=CB6M7CBGIA9FG7CI@8696FCI;<H5;5=BGHIG=BH<99J9BHC:585H5
7CADFCA=G9
A=GIG9C:7CBGIA9F=B:CFA5H=CB
CFD9F79=J98CF57HI5@BCB7CAD@=5B79K=H<85H5DFCH97H=CBCFDF=J57M
F9EI=F9A9BHGIFH<9F
5BMIB5IH<CF=N98F9@95G9C:D9FGCB5@=B:CFA5H=CB7CI@8<5FACIFF9DIH5H=CB
8=GFIDHCIF6IG=B9GG

75IG9IGHC9LD9B8G=;B=:=75BHF9GCIF79G
5B8@958HC5@CGGC:7CBGIA9F7CB:=89B79F9GI@H=B;=B5B58J9FG9=AD57HCBCIF
6IG=B9GG5B8 CF7CBGIA9FG897=8=B;HCK=H<<C@8CFK=H<8F5K7CBG9BH:CFCIF7C@@97H=CBCFIG9C:85H5

?08
%4>6,.?:=>:9?49@0/
-0"0#"'2!-3*" #13 (#!22-,#5-0',!0#1#"!0#"'20#%3*2'-,1!-,13+#0.0-2#!2'-,0#%3*2'-,1-0

-2&#00#%3*2'-,1G5:=B5B797CAD5BM
CF8F98=H=G<=;<@MF9;I@5H986M;CJ9FBA9BH5@5IH<CF=H=9G=BH<9@C75H=CBG=B
K<=7<=HCD9F5H9G
K<=7<75B=ADCG9G=;B=:=75BH588=H=CB5@7CGHG5B8 CFF9GHF=7H=CBGCB=HG6IG=B9GG"BH<9.B=H98,H5H9G

:CF9L5AD@9
CF8F98=HWGCD9F5H=CBG5F9GI6>97HHCF9;I@5H=CB5B8GID9FJ=G=CBIB89FJ5F=CIG:989F5@
GH5H9
5B8@C75@
@5KG
=B7@I8=B;H<9:989F5@-FIH<=B%9B8=B;7H
CBGIA9F%95G=B;7H
EI5@F98=H(DDCFHIB=HM7H
5B85=FF98=H
+9DCFH=B;7H
-<9C88F5B?7H8=F97HG:989F5@5;9B7=9GHC58CDHFI@9GHCF9;I@5H9H<9:=B5B79=B8IGHFM5B8H<975D=H5@A5F?9HG
5B8;=J9GH<9CBGIA9F=B5B7=5@)FCH97H=CBIF95IX)Y6FC58FI@9A5?=B;5B89B:CF79A9BH5IH<CF=HM:CF5K=89
F5B;9C:7CBGIA9F:=B5B7=5@DFCH97H=CB@5KGH<5HF9;I@5H97CBGIA9F:=B5B796IG=B9GG9G
GI7<5GCF8F98=HWG5IHCACH=J9
:=B5B7=B;6IG=B9GGL9F7=G9C:H<9G9DCK9FG6MH<9)A5M=B7F95G9H<97CGHGC:
=ADCG9588=H=CB5@F9GHF=7H=CBGCB

CFCH<9FK=G958J9FG9@M5::97H7CAD5B=9G=BH<95IHCACH=J9:=B5B796IG=B9GG-<9)<5G5IH<CF=HMHCGID9FJ=G95B8
9L5A=B9H<9@5F;9GHBCB65B?5IHCACH=J9:=B5B797CAD5B=9G
GI7<5GCF8F98=H
:CF7CAD@=5B79K=H<7CBGIA9F:=B5B7=5@
DFCH97H=CB@5KG
5=@IF9HC7CAD@MK=H<5DD@=756@9@5KG5B8F9;I@5H=CBG7CI@8GI6>97HCF8F98=HHCF9;I@5HCFM9B:CF79A9BH57H=CBG

=B7@I8=B;7CBG9BHCF89FGCFG=A=@5FCF89FGK<9F9CF8F98=HA5M69F9EI=F98HCF9J=G9DF57H=79G
F9AIB9F5H97IGHCA9FG

CFD5M:=B9GB9B:CF79A9BH57H=CB5;5=BGHCF8F98=H7CI@8<5FACF8F98=HWGF9DIH5H=CBCF@958HC:IFH<9F@=H=;5H=CB
'
,0#1-*4#"2$$-++#,21
'CB9

' 0-.#02'#1
(IFDF=B7=D5@DFCD9FH=9G=B7@I89A5BI:57HIF=B;5B85GG9A6@M:57=@=H=9G
8=GHF=6IH=CB79BH9FG
K5F9<CIG9G
G5@9GCF
58A=B=GHF5H=J9C::=79G
5B89B;=B99F=B;79BH9FG
09CKBGI6GH5BH=5@@M5@@C:CIF.,A5BI:57HIF=B;5B85GG9A6@M:57=@=H=9G(IF:57=@=H=9G5F9G=HI5H98=BJ5F=CIG

G97H=CBGC:H<97CIBHFM5B8=B7@I895GG9A6@MD@5BHG
9B;=B9D@5BHG
75GH=B;D@5BHG
A9H5@GH5AD=B;D@5BHG
HF5BGA=GG=CB
D@5BHG
5B8CH<9F7CADCB9BHD@5BHG&CGHC:CIF8=GHF=6IH=CB79BH9FG5F9@95G98K9CKB5DDFCL=A5H9@MC:H<9HCH5@
GEI5F9:CCH5;9
5B8@95G9H<965@5B79-<9A5>CF=HMC:H<9K5F9<CIG9GH<5HK9CD9F5H95F9@95G98
5@H<CI;<A5BMC:
CIFA5BI:57HIF=B;5B85GG9A6@M:57=@=H=9G7CBH5=BGCA9K5F9<CIG=B;GD579,I6GH5BH=5@@M5@@C:CIFG5@9GC::=79G5F9
@95G98GD579DDFCL=A5H9@MC:H<9HCH5@GEI5F9:CCH5;9C:CIF9B;=B99F=B;79BH9FG5B8CIFGIDD@9A9BH5FMF9G95F7<
5B889J9@CDA9BHGD579=GCKB986MIG
"B588=H=CB
K9A5=BH5=B5B8CD9F5H9A5BI:57HIF=B;D@5BHG
5GG9A6@M:57=@=H=9G
D5FHG8=GHF=6IH=CB79BH9FG
5B8
9B;=B99F=B;79BH9FGCIHG=89C:H<9.B=H98,H5H9G09CKBGI6GH5BH=5@@M5@@C:CIFBCB.,A5BI:57HIF=B;D@5BHG

5GG9A6@M:57=@=H=9G
5B89B;=B99F=B;79BH9FG-<9A5>CF=HMC:CIFD5FHG8=GHF=6IH=CB79BH9FGCIHG=89C:H<9.B=H98,H5H9G5F9
9=H<9F@95G98CFDFCJ=8986MJ9B8CFGIB89FG9FJ=797CBHF57HG
095B8H<99BH=H=9GH<5HK97CBGC@=85H985GC:979A69F
IG99=;<HF9;=CB5@9B;=B99F=B;
F9G95F7<
5B8
89J9@CDA9BH79BH9FG
5B8A5BI:57HIF=B;5B85GG9A6@MD@5BHG
K<=7<=B7@I89GD@5BHGH<5H5F9CD9F5H986MIGCFCIF
7CBGC@=85H98>C=BHJ9BHIF9GH<5HGIDDCFHCIFIHCACH=J9G9;A9BH
-<9G=;B=:=75BH7CBGC@=85H98>C=BHJ9BHIF9G5B8H<9BIA69FC:D@5BHG957<CKBG5F95G:C@@CKG
J :=/4:: :?:=:8;,9D?/HIV5>C=BHJ9BHIF9=B-5=K5B5ACB;CF8D5FHB9F
H<9%=C!C
FCIDD5FHB9F
5B8=B8=J=8I5@G<5F9<C@89FGCKB9FG<=D=B5;;F9;5H9H<5H5GG9A6@9G5J5F=9HMC:CF8
J9<=7@9GGCIF798:FCACF8"B588=H=CBHC8CA9GH=75GG9A6@M
%!=ADCFHGCF86F5B86I=@HIDJ9<=7@9G:FCAG=5
)57=:=7
IFCD9
5B8H<9.B=H98,H5H9G-<9>C=BHJ9BHIF9CD9F5H9GCB9D@5BH=B-5=K5B
J :=/)40?9,8484?0/V5>C=BHJ9BHIF969HK99BCF8D5FHB9F5B8=9G9@,CB;CB;(B9&9A69F%=A=H98
%=56=@=HMCAD5BM5GI6G=8=5FMC:H<9/=9HB5AB;=B95B8;F=7I@HIF5@&57<=B9FMCFDCF5H=CB
K<=7<=BHIFB=G
A5>CF=HMCKB986MH<9,H5H9C:/=9HB5AF9DF9G9BH986MH<9&=B=GHFMC:"B8IGHFM5B8-F589
D5FHB9FCF8/=9HB5A%=A=H985GG9A6@9G5B88=GHF=6IH9G5J5F=9HMC:CF8D5GG9B;9F5B87CAA9F7=5@
J9<=7@9AC89@G-<9>C=BHJ9BHIF9CD9F5H9GCB9D@5BH=B/=9HB5A
"B588=H=CBHCH<9D@5BHGH<5HK9CD9F5H98=F97H@MCFH<5H5F9CD9F5H986MCIF7CBGC@=85H98>C=BHJ9BHIF9G
588=H=CB5@
D@5BHGH<5HGIDDCFHCIFIHCACH=J9G9;A9BH5F9CD9F5H986MIB7CBGC@=85H98>C=BHJ9BHIF9GC:K<=7<K95F95D5FHB9F-<9
ACGHG=;B=:=75BHC:CIFIHCACH=J95B8&C6=@=HMG9;A9BHIB7CBGC@=85H98>C=BHJ9BHIF9G5F95G:C@@CKG
Z =2:VF;C"=G5G9@:8F=J=B;H97<BC@C;MD@5H:CFA7CAD5BMK=H<C::=79G=B)=HHG6IF;<
)
)5@C@HC

@@9B)5F?
&"
F5B6IFM
'#
5B8&IB=7<
9FA5BMCF85B8/C@?GK5;9B957<<C@8C:H<9CKB9FG<=D
=BH9F9GHG=BF;C"
K=H<H<9F9A5=B=B;=BH9F9GHG7CBG=GH=B;C:=B79BH=J9IB=HG5B8:CIB89FGW9EI=HM
J @?:774,9.0'3,47,9/:?/H'IV5 >C=BHJ9BHIF969HK99BCF85B8&5N85H<5HCKBG5B8
CD9F5H9G5A5BI:57HIF=B;D@5BH=B+5MCB;
-<5=@5B8-DFC8I79GCF85B8&5N85DFC8I7HG:CF8CA9GH=75B8
9LDCFHG5@9G
Z 3,92,9:=/@?:8:-470:=;:=,?4:9?/HIV5 >C=BHJ9BHIF969HK99BCF85B8<CB;E=B;
<5B;5BIHCAC6=@9C
%H8X<5B;5BYCD9F5H9G:=J95GG9A6@MD@5BHG
5B9B;=B9D@5BH
5B85
HF5BGA=GG=CBD@5BH=B<=B5K<9F9=HDFC8I79G5B88=GHF=6IH9G5J5F=9HMC:CF8D5GG9B;9FJ9<=7@9AC89@G
Z :=/"?:8:?4A&,9,D49:948&4=60?4H:=/"?:>,9IV5>C=BHJ9BHIF9=B-IF?9M5ACB;CF8D5FHB9F
H<9
$C7 FCIDC:-IF?9MD5FHB9F
5B8DI6@=7=BJ9GHCFGH<5H=GH<9GC@9GIDD@=9FHCIGC:H<9-F5BG=H

-F5BG=HIGHCA
5B8-F5BG=HCIF=9F7CAA9F7=5@J9<=7@9G:CFIFCD95B8=GCIFGC@98=GHF=6IHCFC:CF8J9<=7@9G=B
-IF?9MCF8(HCG5B5@GCA5BI:57HIF9GCF8<95JMHFI7?G:CFA5F?9HG=BIFCD9
H<9&=88@95GH
5B8:F=75
-<9>C=BHJ9BHIF9CKBGH<F99D@5BHG
5D5FHG8=GHF=6IH=CB89DCH
5B85F9G95F7<5B889J9@CDA9BH79BH9F=B-IF?9M

?08#=:;0=?40>:9?49@0/
:=/&:770=>!0?30=7,9/>)H:=/&:770=>IV5>C=BHJ9BHIF969HK99BCF8G<5F9<C@89F5B8,C@@9FG
)#,X,C@@9FGYG<5F9<C@89F-<9>C=BHJ9BHIF9=GDF=A5F=@M9B;5;98=BA5BI:57HIF=B;@=;<H7CAA9F7=5@
J9<=7@9G:CFG5@9=B+IGG=5
5B8<5G5B9L7@IG=J9F=;<HHCA5BI:57HIF9
5GG9A6@9
5B88=GHF=6IH9@=;<H7CAA9F7=5@
CF8J9<=7@9G=B+IGG=5H<FCI;<H<9@=79BG=B;C:79FH5=BHF589A5F?G5B8=BH9@@97HI5@DFCD9FHMF=;<HG-<9>C=BH
J9BHIF9CD9F5H9GCB9A5BI:57HIF=B;:57=@=HM=B+IGG=5
J 0?=,2:=/'=,9>84>>4:9>8-H'IV5 >C=BHJ9BHIF9K=H<&5;B5)-"BH9FB5H=CB5@ A6!:CFA9F@M

9HF5;"BH9FB5H=CB5@ A6!
5 9FA5B7CAD5BMCKB986M&5;B5)CK9FHF5=B A6! -CD9F5H9GD@5BHG=B
!5@9KCC8
B;@5B8C@C;B9
9FA5BM5B8CF895IL
F5B795B8DFC8I79G
5ACB;CH<9FH<=B;G
A5BI5@
HF5BGA=GG=CBG:CFCIFIFCD96IG=B9GGIB=H
Z V5DI6@=7@MHF58987CAD5BM=B<=B5K=H<CF8G<5F9<C@89F5B8'5B7<5B;#=5B;@=B;"BJ9GHA9BHC

%H8G<5F9<C@89F5G=HG7CBHFC@@=B;G<5F9<C@89FG'5B7<5B;#=5B;@=B;"BJ9GHA9BHC
%H8=G5 >C=BH
J9BHIF969HK99B<5B;5B5B8#=5B;@=B;&CHCFGCAD5BM FCID-<9DI6@=7=BJ9GHCFG=B#&CKBC:=HG
HCH5@CIHGH5B8=B;G<5F9G#&5GG9A6@9GCF8-F5BG=H
5G9F=9GC:CF8,./G
CF89B;=B9G
5B8BCBCF8
J9<=7@9G5B89B;=B9G:CF8=GHF=6IH=CB=B<=B55B8=BCH<9F9LDCFHA5F?9HG#&CD9F5H9GHKC5GG9A6@MD@5BHG
5B8CB99B;=B9D@5BH=B'5B7<5B;#&5@GCCD9F5H9G5D@5BH=B-5=MI5BH<5H5GG9A6@9G<95JM8IHMHFI7?G5B8
9B;=B9G
-<9:57=@=H=9G89G7F=69856CJ95F9
=BH<9CD=B=CBC:A5B5;9A9BH
GI=H56@95B8589EI5H9:CFH<9A5BI:57HIF95B8
5GG9A6@MC:CIF5B8CIF>C=BHJ9BHIF9GWDFC8I7HG
-<9:IFB=HIF9
9EI=DA9BH
5B8CH<9FD<MG=75@DFCD9FHMCKB986MCIFCF8F98=HCD9F5H=CBG5F9BCHA5H9F=5@=BF9@5H=CB
HCH<9CD9F5H=CBGWHCH5@5GG9HG
' #%*0-!##"',%1
-<9@=H=;5H=CBDFC79GG=GGI6>97HHCA5BMIB79FH5=BH=9G
5B8H<9CIH7CA9C:=B8=J=8I5@A5HH9FG=GBCHDF98=7H56@9K=H<
5GGIF5B79,99'CH9C:H<9'CH9GHCH<9=B5B7=5@,H5H9A9BHG:CF58=G7IGG=CBC:@CGG7CBH=B;9B7=9GC@@CK=B;=G5
8=G7IGG=CBC:CIFG=;B=:=75BHD9B8=B;@9;5@DFC7998=B;G
#%"('', ''%&
095F9589:9B85BH=BBIA9FCIG57H=CBG=BGH5H95B8:989F5@7CIFHGK=H<=B5B8CIHG=89C:H<9.B=H98,H5H9G5@@9;=B;
85A5;9G:FCA=B>IF=9GF9GI@H=B;:FCACF5;;F5J5H986M5@@9;9889:97HG=BCIFJ9<=7@9G"BA5BM57H=CBG
BCACB9H5FM
5ACIBHC:85A5;9G=GGD97=:=98CFH<9GD97=:=75ACIBH5@@9;98=GH<9>IF=G8=7H=CB5@A=B=AIA(IF9LD9F=9B79K=H<
@=H=;5H=CB5@@9;=B;5GD97=:=75ACIBHC:85A5;9GGI;;9GHGH<5HGI7<5ACIBHG
CB5J9F5;9
695F@=HH@9F9@5H=CBHCH<957HI5@
5ACIBHC:85A5;9G
=:5BM
H<5HK9K=@@D5M=BF9GC@J=B;GI7<A5HH9FG
"B588=H=CBHCD9B8=B;57H=CBG
K95GG9GGH<9@=?9@=<CC8C:=B7=89BHGH<5H@=?9@M<5J9C77IFF986IHBCHM9H699BF9DCFH98
HCIG095@GCH5?9=BHC7CBG=89F5H=CBGD97=:=7A5HH9FGH<5H<5J9699BF5=G985G7@5=AG6IH<5J9BCHM9HDFC799898HC
@=H=;5H=CB"B8=J=8I5@DFC8I7H@=56=@=HMA5HH9FGK<=7<
=:F9GC@J98IB:5JCF56@MHCH<9CAD5BM
@=?9@MKCI@8=BJC@J95
G=;B=:=75BH7CGHKCI@86989G7F=698<9F9=BIFF9BH@MH<9F95F9BCGI7<A5HH9FGHCF9DCFH
&&'"& ''%&
G69GHCGK5GIG98=BGCA96F5?9G
7@IH7<9G
5B8CH<9F5IHCACH=J97CADCB9BHG:FCAH<995F@MG@CB;K=H<
CH<9FJ9<=7@9A5BI:57HIF9FG
K9<5J9699BH<9H5F;9HC:5G69GHCG@=H=;5H=CB5B8
5G5F9GI@H
5F9589:9B85BH=BJ5F=CIG
57H=CBG:CF=B>IF=9G7@5=A98HC<5J9F9GI@H98:FCA5@@9;989LDCGIF9HCCF8D5FHG5B8CH<9FDFC8I7HG7CBH5=B=B;5G69GHCG
)@5=BH=::G=BH<9G9D9FGCB5@=B>IFM75G9G5@@9;9J5F=CIG<95@H<DFC6@9AG5G5F9GI@HC:5G69GHCG9LDCGIF9
9=H<9F:FCA
7CADCB9BHD5FHG:CIB8=BC@89FJ9<=7@9G
=BGI@5H=CBCFCH<9F5G69GHCGDFC8I7HG=BCIF:57=@=H=9G
CF5G69GHCG56C5F8CIF
:CFA9FA5F=H=A9:@99H0969@=9J9H<5HK95F9H5F;9H98ACF95;;F9GG=J9@M=B5G69GHCGGI=HG6975IG9A5BMDF9J=CIG@M
H5F;9H987CAD5B=9G<5J9:=@98:CF65B?FIDH7MCF9A9F;98:FCA65B?FIDH7MF9@=9J98C:@=56=@=HM:CFGI7<7@5=AG

?0802,7#=:.00/492>:9?49@0/
&CGHC:H<95G69GHCG@=H=;5H=CBK9:579=BJC@J9G=B8=J=8I5@GK<C7@5=AHC<5J9KCF?98CBH<96F5?9GC:CIFJ9<=7@9G
095F9DF9D5F98HC89:9B8H<9G975G9G5B869@=9J9H<5HH<9G7=9BH=:=79J=89B797CB:=FAGCIF@CB;GH5B8=B;DCG=H=CBH<5H
H<9F9=GBC=B7F95G98F=G?C:5G69GHCGF9@5H988=G95G95G5F9GI@HC:9LDCGIF9HCH<9HMD9C:5G69GHCG:CFA9F@MIG98=BH<9
6F5?9GCBCIFJ9<=7@9G-<99LH9BHC:CIF:=B5B7=5@9LDCGIF9HC5G69GHCG@=H=;5H=CBF9A5=BGJ9FM8=::=7I@HHC9GH=A5H95B8
7CI@8=B7@I896CH<7CAD9BG5HCFM5B8DIB=H=J985A5;95K5F8G-<9A5>CF=HMC:CIF5G69GHCG75G9G8CBCHGD97=:M58C@@5F
5ACIBH:CF85A5;9G=BA5BMC:H<9CH<9F75G9GH<98C@@5F5ACIBHGD97=:=98=GH<9>IF=G8=7H=CB5@A=B=AIA
5B8H<9J5GH
A5>CF=HMC:H<9G975G9G=BJC@J9AI@H=D@989:9B85BHG
GCA9H=A9GACF9H<5BCB9<IB8F98&5BMC:H<9G975G9G5@GC
=BJC@J9AI@H=D@9D@5=BH=::G
5B8C:H9BK95F9IB56@9HCH9@@:FCAH<9D@958=B;GK<=7<D@5=BH=::G5F9A5?=B;7@5=AG5;5=BGHIG
5GCDDCG98HCCH<9F89:9B85BHGBBI5@D5MCIH5B889:9BG97CGHGA5M697CA9G=;B=:=75BH=BH<9:IHIF9(IF577FI5@:CF
5G69GHCGA5HH9FG=B7@I89GDFC656@9@CGG9G:CF6CH<5GG9FH985B8IB5GG9FH987@5=AG
"!&( % ''%&
09DFCJ=89K5FF5BH=9GCBH<9J9<=7@9GK9G9@@05FF5BH=9G5F9C::9F98:CFGD97=:=7D9F=C8GC:H=A95B8 CFA=@95;95B8

J5FM89D9B8=B;IDCBH<9HMD9C:DFC8I7H5B8H<9;9C;F5D<=7@C75H=CBC:=HGG5@9)IFGI5BHHCH<9G9K5FF5BH=9G
K9K=@@
F9D5=F
F9D@579
CF58>IGH5@@D5FHGCB5J9<=7@9H<5H5F989:97H=J9=B:57HCFMGIDD@=98A5H9F=5@GCFKCF?A5BG<=D8IF=B;H<9
GD97=:=98K5FF5BHMD9F=C8095F9589:9B85BH=BBIA9FCIG57H=CBG=BGH5H95B8:989F5@7CIFHG5@@9;=B;85A5;9G65G98
CBGH5H95B8:989F5@7CBGIA9FDFCH97H=CB@5KG5B86F957<C:K5FF5BHMC6@=;5H=CBG+9A98=9GIB89FH<9G9GH5HIH9GA5M
=B7@I89J9<=7@9F9DIF7<5G9
7=J=@D9B5@H=9G
5B8D@5=BH=::WG5HHCFB9M:99G"BGCA975G9G
D@5=BH=::G5@GC=B7@I895B5@@9;5H=CB
C::F5I8+9A98=9G:CF5:F5I87@5=AA5M=B7@I897CBHF57HF9G7=GG=CB
J9<=7@9F9DIF7<5G9
5B8DIB=H=J985A5;9G
-<97CGHC:H<9G9A5HH9FG=G=B7@I898=BCIFK5FF5BHM7CGHG09577FI9C6@=;5H=CBG:CFK5FF5BHM7CGHG5HH<9H=A9C:
G5@9IG=B;5D5HH9FB989GH=A5H=CBAC89@H<5H=B7@I89G<=GHCF=75@=B:CFA5H=CBF9;5F8=B;H<9B5HIF9
:F9EI9B7M
5B85J9F5;9
7CGHC:7@5=AG:CF957<J9<=7@9@=B96MAC89@M95F09F99J5@I5H9H<9589EI57MC:CIF577FI5@GCB5F9;I@5F65G=G
095F97IFF9BH@M589:9B85BH=B5G=;B=:=75BHBIA69FC:@=H=;5H=CBA5HH9FGF9@5H=B;HCH<9D9F:CFA5B79C:J9<=7@9G

=B7@I8=B;H<CG99EI=DD98K=H<),HF5BGA=GG=CBG
!)%"! !' ''%&
09<5J9F979=J98BCH=79GIB89FJ5F=CIG:989F5@5B8GH5H99BJ=FCBA9BH5@@5KGH<5HK95@CB;K=H<CH<9FG5F9CFA5M
695DCH9BH=5@@MF9GDCBG=6@9D5FHM:CFH<97CGHG5GGC7=5H98K=H<F9A98=5H=B;BIA9FCIG<5N5F8CIGGI6GH5B79GHCF5;9

F97M7@=B;
CF8=GDCG5@G=H9G=BA5BMGH5H9G5B8
=BGCA9=BGH5B79G
:CFB5HIF5@F9GCIF7985A5;9G095@GCA5M<5J9
699B5;9B9F5HCFC:<5N5F8CIGGI6GH5B79G5H5BIA69FC:CH<9FG=H9G-<95ACIBHC:5BMGI7<7CGHGCF85A5;9G:CF
K<=7<K9A5M69<9@8F9GDCBG=6@97CI@869G=;B=:=75BHHH<=GH=A9
K9<5J9BC@9;5@DFC7998=B;G5F=G=B;IB89F5BM
:989F5@
GH5H9
CF@C75@DFCJ=G=CBGH<5H<5J9699B9B57H98CF58CDH98F9;I@5H=B;H<98=G7<5F;9C:A5H9F=5@G=BHCH<9
9BJ=FCBA9BHCFDF=A5F=@M:CFH<9DIFDCG9C:DFCH97H=B;H<99BJ=FCBA9BH
=BK<=7<=5;CJ9FBA9BH5@5IH<CF=HM=G5D5FHM

5B8==K969@=9J9H<9F9=GH<9DCGG=6=@=HMC:ACB9H5FMG5B7H=CBG9L7@IG=J9C:=BH9F9GH5B87CGHG=B9L79GGC:

&&'"!&
"B@=;<HC:H<9:57HH<5HJ9FM:9KC:H<9DIFDCFH987@5GG57H=CBG:=@985;5=BGHIG=BH<9D5GH<5J99J9F699B79FH=:=986M
H<97CIFHG5G7@5GG57H=CBG
=B;9B9F5@K9@=GHH<CG957H=CBGH<5H=<5J9699B79FH=:=985G57@5GG57H=CB6M57CIFHC:
7CAD9H9BH>IF=G8=7H=CB5B85BM588=H=CB5@DIFDCFH987@5GG57H=CBGH<5HF5=G95@@9;5H=CBGGI6GH5BH=5@@MG=A=@5FHC5B9L=GH=B;
5B879FH=:=987@5GG
5B8==@=?9@MKCI@8=BJC@J95G=;B=:=75BH7CGH=:F9GC@J98IB:5JCF56@MHCH<9CAD5BMHH<=GH=A9
K9
<5J9BCGI7<7@5GG57H=CBG:=@985;5=BGHIG

?0802,7#=:.00/492>:9?49@0/
"'% ''%&
=,E474,9',C ,??0=>(B9F5N=@=5BGH5H9,QC)5I@C5B8H<9F5N=@=5B:989F5@H5L5IH<CF=HM7IFF9BH@M<5J9
CIHGH5B8=B;GI6GH5BH=5@H5L5GG9GGA9BHG5;5=BGHCF8&CHCFCAD5BMF5G=@%H85XCF8F5N=@YF9@5H98HCGH5H95B8
:989F5@H5L=B79BH=J9GCF8F5N=@F979=J98:CF=HGCD9F5H=CBG=BH<9F5N=@=5BGH5H9C:5<=5-<9GH5H95GG9GGA9BHG5F9
D5FHC:56FC589F7CB:@=7H5ACB;J5F=CIGGH5H9G=BF5N=@-<9:989F5@@9;=G@5HIF99B57H98@5KG89G=;B98HC9B7CIF5;9H<9
GH5H9GHC9B8H<5H7CB:@=7H
5B8=BH<9GH5H9GF957<985B5;F99A9BHCB5:F5A9KCF?:CFF9GC@IH=CBCF8F5N=@
7CBH=BI9GHCDIFGI95F9GC@IH=CBIB89FH<9:F5A9KCF?5B89LD97HGH<95ACIBHC:5BMF9A5=B=B;5GG9GGA9BHG6MH<9
GH5H9GHC69F9GC@J98IB89FH<5H:F5A9KCF?-<9:989F5@5GG9GGA9BHG5F9CIHG=89H<9G7CD9C:H<9@9;=G@5H=CB
@@C:H<95GG9GGA9BHG<5J9699B5DD95@98HCH<9F9@9J5BH58A=B=GHF5H=J97CIFHC:957<>IF=G8=7H=CB"BH<9,H5H9C:
&=B5G 9F5=G
CB975G9H<5H<58699BD9B8=B;5HH<958A=B=GHF5H=J9@9J9@K5G8=GA=GG98CBDF=@

5B8CB
#I@M

H<9CH<9FHKC75G9GH<5HK9F9CB5DD95@HCH<9>I8=7=5@7CIFHK9F98=GA=GG98(IF5DD95@GK=H<H<9,H5H9C:
,QC)5I@C5B8H<9:989F5@H5L5IH<CF=HMF9A5=B5HH<958A=B=GHF5H=J9@9J9@-CDFC7998K=H<5B5DD95@K=H<=BH<9>I8=7=5@
7CIFHGMGH9A
5B5DD9@@5BHA5M69F9EI=F98HCDCGH7C@@5H9F5@-C85H9
K9<5J9BCH699BF9EI=F98HCDCGH5BM7C@@5H9F5@
":K95F9F9EI=F98HCDCGH7C@@5H9F5@
K<=7<7CI@869=B9L79GGC:6=@@=CB
K99LD97H=HHC69=BH<9:CFAC::=L985GG9HG

GIF9HM6CB8G
5B8 CF@9HH9FGC:7F98=H
6IHK9A5M69F9EI=F98HCDCGH75G<7C@@5H9F5@@H<CI;<H<9I@H=A5H9F9GC@IH=CBC:
H<9G9A5HH9FGA5MH5?9A5BMM95FG
K97CBG=89FCIFCJ9F5@@F=G?C:@CGGHC69F9ACH9
@=:;0,9:8;0?4?4:9,B ,??0=(B(7HC69F

5B?D@7XYF979=J985BCH=79:FCAH<9"H5@=5B
CAD9H=H=CBIH<CF=HMH<9X"Y7CB79FB=B;5B5@@9;98J=C@5H=CBC:FH=7@9C:H<9-F95HMCBH<9IB7H=CB=B;C:H<9
IFCD95B.B=CB-<9"5@@9;98H<5H5B8CH<9FD5FH=9G9B;5;98=B5BH=7CAD9H=H=J9DF57H=79G=BF9@5H=CBHCH<9
5IHCACH=J9:=B5B79A5F?9H=B"H5@M(B#5BI5FM

F979=J985897=G=CB:FCAH<9"
K<=7<=B7@I8985B
5GG9GGA9BHC:5:=B95;5=BGH=BH<95ACIBHC:[A=@@=CB(B&5F7<

5DD95@98H<9897=G=CB5B8H<9
:=B9HCH<9"H5@=5B58A=B=GHF5H=J97CIFH
5B8CB'CJ9A69F

H<9"H5@=5B58A=B=GHF5H=J97CIFHFI@98=B:5JCFC:
(B979A69F

H<9":=@985B5DD95@C:H<9"H5@=5B58A=B=GHF5H=J97CIFHWG897=G=CBHCH<9"H5@=5BCIB7=@C:,H5H9
84>>4:9>0=?414.,?4:99;=BB=B;=B5B87CBH=BI=B;=BHC
H<9CAD5BM=BJ9GH=;5H985DCH9BH=5@7CB79FB
=BJC@J=B;=HG.,9A=GG=CBG79FH=:=75H=CBDFC79GG-<9A5HH9F:C7IG98CB=GGI9GF9@5H98HCFC58@C589GH=A5H=CBG
=B7@I8=B;
5B5@MH=75@AC89@=B;5B87C5GH8CKBH9GH=B;-<9DCH9BH=5@7CB79FB8=8BCH=BJC@J9H<9IG9C:89:95H89J=79GG99"H9A

CJ9FBA9BH5@,H5B85F8G:CF589:=B=H=CBC:89:95H89J=79G09JC@IBH5F=@M8=G7@CG98H<=GA5HH9FHCH<9.,BJ=FCBA9BH5@
)FCH97H=CB;9B7MX)Y5B8H<95@=:CFB=5=F+9GCIF79GC5F8X+YCB96FI5FM
5B8
96FI5FM

F9GD97H=J9@M,I6G9EI9BH@M
H<9.,9D5FHA9BHC:#IGH=79X(#YCD9B9857F=A=B5@=BJ9GH=;5H=CB
=BHCH<9A5HH9F"B588=H=CB
K9BCH=:=985BIA69FC:CH<9FGH5H95B8:989F5@5;9B7=9G097CCD9F5H98:I@@MK=H<H<9G9
;CJ9FBA9BH5;9B7=9G09F979=J98BCH=:=75H=CBG:FCA+5B8(#H<5HH<9G95;9B7=9G<5J97@CG98H<9=F=BEI=F=9G=BHC
H<9A5HH9FF9:9F9B79856CJ95B88CBCH=BH9B8HCH5?95BM:IFH<9F57H=CB+9J=9KGCD9B986M)5B8BJ=FCBA9BH5B8
@=A5H9<5B;95B585F9A5=BCD9B
' ',#$#27 '1!*-130#1
'CH5DD@=756@9

' 6#!32'4#$$'!#01-$-0"
(IF9L97IH=J9C::=79FG5F95G:C@@CKG
5@CB;K=H<957<9L97IH=J9C::=79FWGDCG=H=CB5B85;95H96FI5FM

#;?5@5;:
!-91 #;?5@5;: 180&5:/1 31
0=@@=5A@5MCF8
#F5 L97IH=J9<5=FA5B5B8<5=FA5BC:H<9C5F8 ,9DH9A69F
#5A9G5F@9M
#F6 )F9G=89BH5B8<=9:L97IH=J9(::=79F (7HC69F
#C<B%5K@9F <=9:=B5B7=5@(::=79F (7HC69F
!5I-<5=-5B; <=9:)FC8I7H)@5H:CFA5B8(D9F5H=CBG(::=79F (7HC69F
$=9FGH9B+C6=BGCB <=9:)9CD@95B8AD@CM99LD9F=9B79(::=79F (7HC69F
BB=B;<9B )F9G=89BH5B8<=9:L97IH=J9(::=79F
CF8C:<=B5 979A69F
$IA5F 5@<CHF5 )F9G=89BH

A9F=75G5B8"BH9FB5H=CB5@&5F?9HG FCID DF=@
,HI5FH+CK@9M )F9G=89BH
CF8C:IFCD9 DF=@
#C<B&9@@9B 9B9F5@CIBG9@ I;IGH
5H<M(W5@@5;<5B CBHFC@@9F #IB9
4444444444
5 @GC5=F97HCF
<5=FC:H<9(::=79C:H<9<5=FA5B5B8<=9:L97IH=J9
<5=FC:H<9=B5B79CAA=HH99
5B85A9A69FC:H<9,IGH5=B56=@=HM
CAA=HH99C:H<9C5F8C:=F97HCFG
6 @GC5=F97HCF5B8A9A69FC:H<9(::=79C:H<9<5=FA5B5B8<=9:L97IH=J9
L79DH5GBCH9869@CK
957<C:H<9C::=79FG@=GH9856CJ9<5G699B9AD@CM986MCF8CF=HGGI6G=8=5F=9G=BCB9CFACF9
75D57=H=9G8IF=B;H<9D5GH:=J9M95FG)F=CFHC697CA=B;)F9G=89BH5B8<=9:L97IH=J9(::=79F
CF8C:<=B5
:FCA
HC
BB=B;<9B<9@8G9J9F5@@9589FG<=DFC@9G=B<9FMIHCAC6=@9%-
<=B5=B7@I8=B;<=9:L97IH=J9(::=79F
L97IH=J9/=79)F9G=89BH5B8<=9:(D9F5H=B;(::=79F5B8/=79)F9G=89BHC:)FC8I7HG5B8B;=B99F=B;!95@GC<9@8H<9
DCG=H=CBGC:<5=FA5BC:H<9C5F8C:=F97HCFG
<9FM#5;I5F%5B8+CJ9FIHCACH=J9
<=B55B8<5=FA5BC:H<9C5F8

*CFCGIHCACH=J9
<=B5
.B89FCIF6M@5KG
9L97IH=J9C::=79FG5F99@97H986MH<9C5F8C:=F97HCFG5H5B5BBI5@A99H=B;C:H<9C5F8<9@8:CF
H<=GDIFDCG9CF6M5F9GC@IH=CBHC:=@@5J575B7M57<C::=79F=G9@97H98HC<C@8C::=79IBH=@5GI779GGCF=G7<CG9BCF5G
CH<9FK=G9DFCJ=898=BH<96M@5KG

#%'
' 0)#2$-0#%'120,291-++-,/3'27#*2#"2-!)&-*"#022#01,"113#030!&1#1-$/3'27

#!30'2'#1
->71@2;>%135?@>-:@I?&@;/7
(IFCAACB,HC7?=G@=GH98CBH<9'9K2CF?,HC7?L7<5B;9=BH<9.B=H98,H5H9GIB89FH<9GMA6C@GC:
#5BI5FM

GHC7?<C@89FGC:F97CF8C:CF8=B7@I8985DDFCL=A5H9@M
<C@89FGC:CAACB,HC7?5B8<C@89FG
C:@5GG,HC7?0969@=9J9H<5HH<9BIA69FC:69B9:=7=5@CKB9FG=GGI6GH5BH=5@@M;F95H9FH<5BH<9BIA69FC:F97CF8
<C@89FG6975IG95@5F;9DCFH=CBC:CIFCAACB,HC7?=G<9@8=BXGHF99HB5A9Y6M6FC?9FG
&@;/7#1>2;>9-:/1>-<4
'30491:=8,?4:9.:9?,490/49?34>&?:.6#0=1:=8,9.0=,;3>0.?4:9>3,779:?-0/0080/?:-0H>:74.4?4928,?0=4,7I:=
H1470/I:=49.:=;:=,?0/-D=010=09.0491@?@=0147492>B4?3?30&:=>@-50.??:?3074,-474?40>:1&0.?4:9
:1?30C.3,920
.?0C.0;??:?300C?09??3,?B0>;0.414.,77D49.:=;:=,?04?-D=010=09.049?:,/:.@809?1470/@9/0=?30&0.@=4?40>.?:=
?30C.3,920.?
-<9:C@@CK=B;;F5D<7CAD5F9GH<97IAI@5H=J9HCH5@G<5F9<C@89FF9HIFBCBCIFCAACB,HC7?K=H<H<9HCH5@F9HIFBCB
H<9,)"B89L5B8H<9CK#CB9GIHCAC6=@9G)5FHG-=H5BG"B89L:CFH<9:=J9M95FD9F=C89B898
979A69F
"HG<CKGH<9;FCKH<C:5=BJ9GHA9BHCB979A69F

=B7@I8=B;H<9F9=BJ9GHA9BHC:5@@
8=J=89B8G
" #%&"!"( (')),%'"'%'(%!

CF8&CHCFCAD5BM ,) CK#CB9G-=H5BG
-?1#1>5;0 ,1->?:05:3
;9<-:E:01D

CF8&CHCFCAD5BM
,)
CK#CB9GIHCAC6=@9G)5FHG-=H5BG

?08 ,=60?1:=%024>?=,9?G>:88:9<@4?D%07,?0/&?:.63:7/0= ,??0=>,9/>>@0=#@=.3,>0>:1<@4?D&0.@=4?40>
:9?49@0/
??A1>#A>/4-?1?;2&1/A>5@51?
097CAD@9H98BCG<5F9F9DIF7<5G9G8IF=B;H<9:CIFH<EI5FH9FC:
5B501:0?
-<9H56@969@CKG<CKGH<98=J=89B8GK9D5=8D9FG<5F9C:CAACB5B8@5GG,HC7?:CF957<EI5FH9F@MD9F=C8=B
5B8

5>?@ &1/;:0 '45>0 ;A>@4 5>?@ &1/;:0 '45>0 ;A>@4
$A->@1> $A->@1> $A->@1> $A->@1> $A->@1> $A->@1> $A->@1> $A->@1>
=J=89B8GD9FG<5F9C:CF8
CAACB5B8@5GG,HC7?
-C9BGIF9K9A5=BH5=B98GI::=7=9BH75G<F9G9FJ9G8IF=B;H<9(/"D5B89A=7
GIGD9BG=CBC:H<9F9;I@5FEI5FH9F@M
8=J=89B8K5G5BBCIB798CB&5F7<
-<9897@5F5H=CB5B8D5MA9BHC::IHIF98=J=89B8G=G5HH<9GC@98=G7F9H=CBC:
CIFC5F8C:=F97HCFG5:H9FH5?=B;=BHC577CIBHJ5F=CIG:57HCFG
=B7@I8=B;CIF:=B5B7=5@7CB8=H=CB
CD9F5H=B;F9GI@HG

5J5=@56@975G<
5B87IFF9BH5B85BH=7=D5H9875G<B998G
' #*#!2#"',,!'* 2
-<9:C@@CK=B;H56@9G9HG:CFH<G9@97H98:=B5B7=5@85H5:CF957<C:H<9@5GH:=J9M95FG8C@@5F5ACIBHG=BA=@@=CBG
9L79DH
:CFD9FG<5F95ACIBHG
&( %,"!" "&&

-CH5@F9J9BI9G

"B7CA9 %CGG69:CF9=B7CA9H5L9G

)FCJ=G=CB:CF 9B9:=H:FCA=B7CA9H5L9G

'9H=B7CA9 @CGG

%9GG"B7CA9 %CGG5HHF=6IH56@9HCBCB7CBHFC@@=B;=BH9F9GHG
'9H=B7CA9 @CGG5HHF=6IH56@9HCCF8&CHCFCAD5BM

->:5:3?;??#1>&4->1@@>5.A@-.81@;;>0 ;@;>;9<-:E;99;:-:08-??&@;/7
J9F5;9BIA69FC:G<5F9GC:CF8CAACB5B8@5GG,HC7?CIHGH5B8=B;
=BA=@@=CBG

5G=7=B7CA9 @CGG

=@IH98=B7CA9 @CGG
5G<8=J=89B8G897@5F98
!&''',%!
-CH5@5GG9HG

IHCACH=J9896H

CF8F98=H896H

(H<9F896H
-CH5@9EI=HM

' ,%#+#,291 '1!311'-,,"
,*71'1-$',,!'*-,"'2'-,,"#13*21-$.#02'-,1
1E'>1:0?-:0/;:;95/-/@;>?221/@5:3;>0-:0@41A@;9;@5B1:0A?@>E
")
-<9=AD57HC:(/"
=B7@I8=B;7<5B;9G=B7CBGIA9F69<5J=CF
D5B89A=7:95FG5B8A5F?9H
8CKBHIFBG
<5G7F95H98G=;B=:=75BHJC@5H=@=HM=BH<9;@C65@97CBCAM
5B8@98HCF98I79897CBCA=757H=J=HM-<9F9<5J9699B9LHF5CF8=B5FM57H=CBGH5?9B6M=BH9FB5H=CB5@
:989F5@
GH5H9
5B8
@C75@DI6@=7<95@H<5B8;CJ9FBA9BH5@5IH<CF=H=9GHC7CBH5=B5B87CA65HH<9CIH6F95?5B8GDF958C:(/"=BF9;=CBG
H<FCI;<CIHH<9KCF@8
=B7@I8=B;HF5J9@65BG
EI5F5BH=B9G
XGH5M5H<CA9YCF89FG
5B8G=A=@5FA5B85H9G:CFA5BM=B8=J=8I5@G
HCGI6GH5BH=5@@MF9GHF=7H85=@M57H=J=H=9G5B8:CFA5BM6IG=B9GG9GHC7IFH5=@CF795G9BCFA5@CD9F5H=CBG@H<CI;<F9GHF=7H=CBG
<5J9699B95G98=BA5BM@C75H=CBG
GCA95F95GH<5H<58DF9J=CIG@M95G98F9GHF=7H=CBG<5J9F9J9FH98HCACF9GHF=B;9BH
@=A=H5H=CBGCB85=@M57H=J=H=9GIFH<9F
=:B9KGHF5=BGC:(/"89J9@CDCFGI::=7=9BH5ACIBHGC:J577=B9G5F9BCH
5J5=@56@9
BCHK=89@M58A=B=GH9F98:CF5G=;B=:=75BHD9F=C8C:H=A9
CFCH<9FK=G9DFCJ9=B9::97H=J9
H<9=AD57HC:(/"
CBH<9;@C65@97CBCAM
5B8
=BHIFB
CBCF8
7CI@869A5H9F=5@
=B@5H9&5F7<
K9=8@98CIFA5BI:57HIF=B;
CD9F5H=CBG=BF9;=CBG5FCIB8H<9KCF@8CH<9FH<5B<=B5
K<9F9A5BI:57HIF=B;CD9F5H=CBGK9F9GIGD9B898=B#5BI5FM5B8
96FI5FM69:CF969;=BB=B;HCF9GIA9CD9F5H=CBG=B&5F7<GI779GG:I@D<5G98F9GH5FHC:CIFA5BI:57HIF=B;D@5BHG

GIDD@MB9HKCF?
5B8CH<9F89D9B89BH:IB7H=CBGC77IFF98=BH<9G97CB8EI5FH9FC:
-<9F9ACH9KCF?5FF5B;9A9BHGH<5HK9=AD@9A9BH98=BF9A5=B=BD@579=BACGH@C75H=CBG(IFF9ACH9KCF?
5FF5B;9A9BHG<5J9699B89G=;B98HC5@@CK:CF7CBH=BI98CD9F5H=CBC:BCBDFC8I7H=CB6IG=B9GG7F=H=75@:IB7H=CBG
=B7@I8=B;
:=B5B7=5@F9DCFH=B;GMGH9AG5B8=BH9FB5@7CBHFC@(IF7CBHFC@G5B8DFC798IF9G<5J9=B7CFDCF5H98F9ACH9KCF?
5FF5B;9A9BHGIG=B;5DDFCDF=5H98=;=H5@HCC@G
0<9BK9F9HIFB98HCKCF?
K99GH56@=G<98B9KDFCHC7C@GHC<9@DDFCH97HH<9<95@H<5B8G5:9HMC:CIFKCF?:CF79
-<CG9A95GIF9GF9A5=B=BD@579HC85M
=B7@I8=B;585=@M
CB@=B9<95@H<G9@:79FH=:=75H=CB
5BCHCI7<H9AD9F5HIF9G75B
IDCB9BH9F=B;CIF:57=@=H=9G
5DC@=7MF9EI=F=B;H<9IG9C::579A5G?G=BCIF:57=@=H=9G
5B8A95GIF9GHCDFCJ=89588=H=CB5@
D9FGCB5@DFCH97H=J99EI=DA9BH
=B7@I8=B;:579G<=9@8G
K<9B9AD@CM99GW>C6G8CBCH5@@CKH<9AHCGC7=5@@M8=GH5B7909
<5J95@GC9B<5B798CIF7@95B=B;DFCHC7C@G5B858>IGH98CIFCD9F5H=B;D5HH9FBG5B86F95?GHCF98I79DCH9BH=5@9AD@CM99
=BH9F57H=CBK<9F9DCGG=6@9
097CBH=BI9HCDFC8I79A98=75@A5G?G:CFCIF9AD@CM99G5B8895@9FG-C85H9
K9<5J9DFC8I798ACF9H<5B
A=@@=CBA98=75@;F589:579A5G?G
5B8K95F9ACF9H<5B<5@:K5MHCF957<=B;CIF;C5@C:8CB5H=B;A=@@=CBA5G?GHC
7CAAIB=H=9G=BB99857FCGGH<9.B=H98,H5H9G
-<9:I@@=AD57HC:(/"CB:IHIF9F9GI@HG89D9B8GCB:IHIF989J9@CDA9BHG
GI7<5GH<9I@H=A5H98IF5H=CB5B8
G7CD9C:H<9CIH6F95?=B7@I8=B;5BMDCH9BH=5@:IHIF9K5J9G5B8H<9GI779GGC:J577=B5H=CBDFC;F5AG5B8=HG=AD57HCB
CIF7IGHCA9FG
895@9FG
5B8GIDD@=9FG9GD=H9H<9GI779GG:I@F9GH5FHC:CIFA5BI:57HIF=B;CD9F5H=CBG=B
K9
7CBH=BI9HC9LD9F=9B79<=;<9FH<5BBCFA5@@9J9@GC:56G9BH99=GA5HCIFA5BI:57HIF=B;:57=@=H=9G5B8=BH9FA=HH9BH
(/"F9@5H988=GFIDH=CBG=BCIFGIDD@M7<5=B&CF9CJ9F
B9KF9GHF=7H=CBG7CI@8<5J95B58J9FG99::97HCBDFC8I7H=CB

GIDD@M7<5=BG
8=GHF=6IH=CB
5B889A5B8:CFJ9<=7@9GCF588=H=CB5@=B:CFA5H=CBCBH<9=AD57H5B8DCH9BH=5@=AD57HC:
(/"CBIG
D@95G9G99"H9A+=G?57HCFGCBD5;9

?08 ,9,20809?G>4>.@>>4:9,9/9,7D>4>:149,9.4,7:9/4?4:9,9/%0>@7?>:1";0=,?4:9>:9?49@0/
&@;;740=4>=@;?4:9>-<95IHCACH=J9=B8IGHFM<5G57CAD@9LGIDD@MB9HKCF?K=H<957<A5BI:57HIF9FGWDFC8I7HG
7CBH5=B=B;7CADCB9BHGGCIF798:FCAGIDD@=9FGK<C
=BHIFB
GCIF797CADCB9BHG:FCAH<9=FGIDD@=9FG0<9BH<9F9=G5
G<CFH5;9C:5?9M7CADCB9BH=BCIFGIDD@M7<5=B
5B8H<97CADCB9BH75BBCH6995G=@MGCIF798:FCA58=::9F9BHGIDD@=9F

H<9G<CFH5;9A5M8=GFIDHCIFDFC8I7H=CB"B
5@H<CI;<K9F9GIA98DFC8I7H=CB5HCIFD@5BHG5FCIB8H<9KCF@8
:C@@CK=B;H<9(/"F9@5H98GIGD9BG=CB
K97CBH=BI98HC9LD9F=9B798=GFIDH=CBG8I9HCGIDD@=9FGK<C<58DFC8I7H=CB
8=::=7I@H=9G"B
H<95IHCACH=J9=B8IGHFM=G:57=B;5G=;B=:=75BHG<CFH5;9C:G9A=7CB8I7HCFG0=H<IDHC:=:HMAC8I@9G
CB5J9<=7@9
K95B8CIF7CAD9H=HCFGK<CB998=BH9;F5H987=F7I=HG5F99LD9F=9B7=B;J5F=CIG@9J9@GC:G9A=7CB8I7HCF
=AD57H-<9G9A=7CB8I7HCFGIDD@M7<5=B=G7CAD@9L
5B857CBGHF5=B98K5:9F75D57=HM=GC77IFF=B;899D=BH<97<5=B
@C65@G9A=7CB8I7HCFA5?9FG5@@C75H98ACF975D57=HMHCA99HGIF;=B;89A5B8:CF7CBGIA9F9@97HFCB=7G8IF=B;H<9
(/"D5B89A=75G5IHCACH=J9(&G9LD9F=9B798=B8IGHFMK=89D@5BH7@CGIF9GHH<9G5A9H=A9
K5:9F:CIB8F=9G
H<5HGIDDCFH7<=DA5?9FG<5J9BCH=BJ9GH989BCI;<=BF979BHM95FGHC=B7F95G975D57=H=9GHCH<9@9J9@GB99898HCGIDDCFH
89A5B8:FCA5@@C:H<9=F7IGHCA9FG05:9FG<5J95@CB;@958H=A9:CFDFC8I7H=CB
=BGCA975G9GIDHCK99?G
K<=7<
:IFH<9F9L579F65H9GH<9G<CFH5;90<9B;@C65@5IHCA5?9FGF9GIA98J9<=7@9DFC8I7H=CB=BU9J9BACF9EI=7?@MH<5B
GCA99LD97H98UG9A=7CB8I7HCFGIDD@=9G6975A9:IFH<9FGHF5=B987CA6=B5H=CBC:H<9G9:57HCFG
=B7@I8=B;=B7F95G98
89A5B8:CF7CBGIA9F9@97HFCB=7G
5IHCACH=J9G<IH8CKBG8I9HC(/"
H<9F5D=8F97CJ9FMC:89A5B8:CFJ9<=7@9G

5B8@CB;@958H=A9G:CFK5:9FDFC8I7H=CB
=G7CBHF=6IH=B;HCH<9G<CFH5;9C:G9A=7CB8I7HCFG09<5J95@F958M9LD9F=9B798
DFC8I7H=CB8=GFIDH=CBG5H79FH5=B@C75H=CBG5G5F9GI@HC:H<9G9A=7CB8I7HCFG<CFH5;9CF588=H=CB5@=B:CFA5H=CBCBH<9
=AD57HC:H<9G9A=7CB8I7HCFG<CFH5;9
G99H<9(IH@CC?G97H=CBCBD5;9
7:-,7%0/0>42909DF9J=CIG@M5BBCIB798CIFD@5B:CFH<9;@C65@F989G=;BC:CIF6IG=B9GG
DIFGI5BHHCK<=7<K9
5F9KCF?=B;HCHIFB5FCIB85IHCACH=J9CD9F5H=CBG
7CAD9H9@=?957<5@@9B;9F
5B875D=H5@=N9CBCIFGHF9B;H<G6M5@@C75H=B;
ACF975D=H5@
ACF9F9GCIF79G
5B8ACF9H5@9BHHCCIFGHFCB;9GH6IG=B9GG5B8J9<=7@9:F5B7<=G9G)IFGI5BHHCH<9D@5B
K9
9LD97HHC=B7IF56CIH6=@@=CBC:"-7<5F;9G5B856CIH6=@@=CBC:75G<9::97HGF9@5H98HCCIF;@C65@F989G=;B
IF=B;H<9H<FCI;<D9F=C8
K99LD97HHC<5J9=B7IFF9856CIH6=@@=CBC:"-7<5F;9G5B856CIH6=@@=CBC:
75G<9::97HGF9@5H98HCCIF;@C65@F989G=;B
5B8GC@8CF7@CG98H9BA5BI:57HIF=B;G=H9G
"B979A69F
CF8&CHCFCAD5BMF5G=@%H85XCF8F5N=@Y
CIFGI6G=8=5FM=BF5N=@
7CAA=HH98HC5D@5BHC
9L=HA5BI:57HIF=B;CD9F5H=CBG=BF5N=@
K<=7<K=@@F9GI@H=BH<97@CGIF9C::57=@=H=9G=B5A5R5F=
-5I65HS
5B8-FC@@9F=B
5G,CIH<A9F=75ACJ9GHC5B5GG9H@=;<H6IG=B9GGAC89@)FC8I7H=CB=B5A5R5F=5B8-5I65HSHCGIDDCFHB9K
J9<=7@9G5@9G795G98=B#5BI5FM
K=H<5@=A=H985ACIBHC:D5FHGDFC8I7H=CB7CBH=BI=B;:CF5:9KACBH<GHCGIDDCFH
=BJ9BHCF=9G:CF5:H9FA5F?9HG5@9G-<9-FC@@9FD@5BHK=@@795G9CD9F5H=CBG=BH<9:CIFH<EI5FH9FC:"B7CBB97H=CBK=H<
H<=G5BBCIB79A9BH
H<9CAD5BM7IFF9BH@M9LD97HGHCF97CF8DF9H5LGD97=5@=H9A7<5F;9GC:56CIH6=@@=CB
=B7@I8=B;
6=@@=CB=B5B856CIH6=@@=CB=B-<97<5F;9GK=@@=B7@I8956CIH6=@@=CBC:BCB75G<7<5F;9GF9@5H98
HCKF=H=B;C::79FH5=BH5LF979=J56@9G5B8:CF5779@9F5H9889DF97=5H=CB5B85ACFH=N5H=CB-<9F9A5=B=B;7<5F;9GC:56CIH
6=@@=CBK=@@69D5=8=B75G<DF=A5F=@M=B5B85F95HHF=6IH56@9HCG9D5F5H=CB
H9FA=B5H=CB
G9HH@9A9BH
5B8CH<9F
D5MA9BHG
@==09.DC.3,920%,?0):7,?474?D-<9.,989F5@+9G9FJ9@CK9F98=HGDC@=7M=BH9F9GHF5H9HK=79=B&5F7<
6M
5HCH5@C:CB95B8CB9<5@:D9F79BH5;9DC=BHG
=BF9GDCBG9HCH<9A5F?9HF=G?G9A5B5H=B;:FCAH<9;@C65@D5B89A=7-<=G
F9HIFB98H<9F5H9HC=HGF979BH<=GHCF=75@@CKC:N9FCHCCB9EI5FH9FC:5D9F79BH5;9DC=BH5B8K5G7CA6=B98K=H<5GG9H
DIF7<5G9G5B8CH<9F9A9F;9B7M:IB8=B;A97<5B=GAGHCA5=BH5=BH<9:@CKC:7F98=HH<FCI;<CIHH<997CBCAM9BHF5@
65B?G=BCH<9F89J9@CD98A5F?9HGHCC?G=A=@5F@M5;;F9GG=J957H=CBGHCA5=BH5=BA5F?9H:IB7H=CB=B;=BH<9:579C:5B
IBDF97989BH98
GMB7<FCB=N98;@C65@G<C7?-<9F9@5H98G<=:HG=B75D=H5@:@CKG<5J97CBHF=6IH98HC=B7F95G98JC@5H=@=HM:CF
6CH<89J9@CD985B89A9F;=B;A5F?9H7IFF9B7=9G;@C65@@MA9F;=B;A5F?9HG5@GC:5798=::9F=B;=B:@5H=CB657?8FCDG5B8
=B
GCA975G9G
9LDCGIF9HC7CAAC8=HMDF=79G5B8DC@=H=75@=BGH56=@=HM
7CBHF=6IH=B;HCIBDF98=7H56@9ACJ9A9BHG=BH<9J5@I9
C:H<9=F9L7<5B;9F5H9G"B588=H=CBHC8=F97H=AD57HGCBH<9:=B5B7=5@:@CKGC:;@C65@5IHCACH=J97CAD5B=9G
7IFF9B7M
ACJ9A9BHG75B5@GC=AD57HDF=7=B;C:J9<=7@9G9LDCFH98HCCJ9FG95GA5F?9HG
ACGHBCH56@M=BH<975G9C:H<9#5D5B9G9
M9B5B8$CF95BKCB"BACGHA5F?9HG
9L7<5B;9F5H9G5F9A5F?9H89H9FA=B98
5B85@@5F9=AD57H986MA5BM8=::9F9BH
A57FC97CBCA=75B8DC@=7M:57HCFG
5B8H<IG@=?9@MHCF9A5=BJC@5H=@9!CK9J9F
=BGCA9A5F?9HG
9L7<5B;9F5H9G5F9
<95J=@M=B:@I9B798CF7CBHFC@@986M;CJ9FBA9BHG

?08 ,9,20809?G>4>.@>>4:9,9/9,7D>4>:149,9.4,7:9/4?4:9,9/%0>@7?>:1";0=,?4:9>:9?49@0/
C.0>>,;,.4?D77CF8=B;HC"!,IHCACH=J9
5B5IHCACH=J9F9G95F7<:=FA
H<99GH=A5H985IHCACH=J9=B8IGHFM
;@C65@DFC8I7H=CB75D57=HM:CF@=;<HJ9<=7@9GC:56CIHA=@@=CBIB=HG9L799898;@C65@DFC8I7H=CB6M56CIHA=@@=CBIB=HG
=BJ9BH<CI;<;@C65@DFC8I7H=CB75D57=HMK5GF98I7986M56CIHA=@@=CBIB=HG=B7CAD5F98K=H<

9L79GG75D57=HMFCG96MB95F@MA=@@=CBIB=HG
=B7@I8=B;=B7F95G9G=B'CFH<A9F=75
IFCD9
5B8,CIH<A9F=75"B'CFH<
A9F=755B8IFCD9
HKCF9;=CBGK<9F95G=;B=:=75BHG<5F9C:=B8IGHFMF9J9BI9=G95FB98
9L79GG75D57=HM5G5D9F79BHC:
DFC8I7H=CB=B=B7F95G98HC5B8
F9GD97H=J9@M
H<CI;<5G=;B=:=75BHDCFH=CBC:H<9G9=B7F95G9G5F99LD97H98
HC69H9ADCF5FM8I9HC89A5B85B8GIDD@M8=GFIDH=CBG=BF9@5H98HCH<9;@C65@D5B89A=7"B<=B5
H<95IHC=B8IGHFM
K=HB9GG989L79GG75D57=HM5H5@CK9FF5H97CAD5F98K=H<H<9DF=CFM95F
5H=B
5G75D57=HMK5GACF9F5D=8@M
H5?9BCIHC:7CAA=GG=CB77CF8=B;HCDFC8I7H=CB75D57=HM85H5DFC>97H986M"!,IHCACH=J9
;@C65@9L79GG75D57=HM
7CB8=H=CBG7CI@8897@=B9A5H9F=5@@M
HCA=@@=CBIB=HG=B
5B85J9F5;956CIHA=@@=CBIB=HG=BH<9:C@@CK=B;
:=J9M95FG:FCAHC
#=4.492#=0>>@=0L79GG75D57=HM
K=H<F979BH75D57=HM7CBGHF5=BHG5G5F9GI@HC:H<9=AD57HGC:(/"69=B;5
H9ADCF5FM9L79DH=CB
7CID@98K=H<5DFC@=:9F5H=CBC:B9KDFC8I7HG69=B;=BHFC8I798=B?9MG9;A9BHG
K=@@?99DDF9GGIF9CB
A5BI:57HIF9FGW56=@=HMHCG9HDF=79G"B'CFH<A9F=75
H<9=B8IGHFMF9GHFI7HIF=B;C:H<9D5GH:9KM95FG<5G5@@CK98
A5BI:57HIF9FGHC69HH9FA5H7<DFC8I7H=CBK=H<89A5B8
5@H<CI;<#5D5B9G95B8$CF95BA5BI:57HIF9FG5@GC<5J975D57=HM
@C75H98CIHG=89C:H<9F9;=CB8=F97H98HC'CFH<A9F=75"BH<9:IHIF9
<=B9G95B8"B8=5BA5BI:57HIF9FG5F99LD97H98HC
9BH9F.,5B8IFCD95BA5F?9HG
:IFH<9F=BH9BG=:M=B;7CAD9H=H=CB(J9FH<9@CB;H9FA
=BH9BG97CAD9H=H=CB5B89L79GG
75D57=HMK=@@7CBH=BI9HCDIH8CKBK5F8DF9GGIF9CB=B:@5H=CB58>IGH98DF=79G:CFG=A=@5F@M7CBH9BH98J9<=7@9G=BH<9.B=H98
,H5H9G5B87CBHF=6IH9HC57<5@@9B;=B;DF=7=B;9BJ=FCBA9BH:CFH<95IHCACH=J9=B8IGHFM"BIFCD9
H<99L79GG75D57=HM
G=HI5H=CB<5G699B9L579F65H986MH<9BCA=B5@F98I7H=CBG=B9L=GH=B;75D57=HM
GI7<H<5HB9;5H=J9DF=7=B;DF9GGIF9=G
9LD97H98HC7CBH=BI9:CFH<9:CF9G9956@9:IHIF9
:88:/4?D,9/90=2D#=4.03,920><5B;9G=BA5F?9H9LD97H5H=CBG:CF;@C65@89A5B8
BCH56@MK95?9F;FCKH<
=B<=B5
5@CB;K=H<;9CDC@=H=75@H9BG=CBG<5J9;9B9F5H98JC@5H=@=HM=B9B9F;MDF=79G
H<CI;<H<9MF9A5=B5H5F9@5H=J9@M@CK
@9J9@7CAD5F98K=H<<=GHCF=75@D9F:CFA5B79(=@DF=79G5F99LD97H98HCF9A5=BJC@5H=@9
5B8CB5@CK9F@CB;H9FAHF9B8
H<5B=BDF=CF7CAAC8=HM7M7@9G)F=79G:CFCH<9F7CAAC8=H=9G<5J95@GC699BJC@5H=@9
5G:@I7HI5H=B;;@C65@89A5B85B8
8=::9F9B79G=BG97HCF5@D9F:CFA5B798I9HCH<9D5B89A=7<5J9;9B9F5H988=J9F;9B79=BDF=79ACJ9A9BHG57FCGG8=::9F9BH
7CAAC8=H=9G
)034.70#=:14?,-474?D(IF:=B5B7=5@F9GI@HG89D9B8CBH<9DFC:=H56=@=HMC:H<9J9<=7@9GK9G9@@
K<=7<A5MJ5FM
G=;B=:=75BH@M6MJ9<=7@9@=B9"B;9B9F5@
@5F;9FJ9<=7@9GH9B8HC7CAA5B8<=;<9FDF=79G5B869ACF9DFC:=H56@9H<5BGA5@@9F
J9<=7@9G
6CH<57FCGG5B8K=H<=BJ9<=7@9G9;A9BHGCF9L5AD@9
=B'CFH<A9F=75
CIF@5F;9F
ACF9DFC:=H56@9J9<=7@9G
<585B5J9F5;97CBHF=6IH=CBA5F;=BH<5HK5GC:CIFHCH5@5J9F5;97CBHF=6IH=CBA5F;=B57FCGG5@@J9<=7@9G
K<9F95G
CIFGA5@@9FJ9<=7@9G<58G=;B=:=75BH@M@CK9F7CBHF=6IH=CBA5F;=BG"B588=H=CB
;CJ9FBA9BHF9;I@5H=CBG5=A985HF98I7=B;
9A=GG=CBG5B8=B7F95G=B;:I9@9::=7=9B7M9;
3/A5B85H9G5B8@CK9A=GG=CBNCB9G
5B8CH<9F:57HCFGH<5H5779@9F5H9
H<9HF5BG=H=CBHC9@97HF=:=98J9<=7@9G
A5M=B7F95G9H<97CGHC:J9<=7@9G6MACF9H<5BH<9D9F79=J9869B9:=HHC7CBGIA9FG
5B885AD9BA5F;=BG
'=,/0#:74.D-CH<99LH9BH;CJ9FBA9BHG=BJ5F=CIGF9;=CBG9F97HCF=BH9BG=:M65FF=9FGHC=ADCFHG
CF=AD@9A9BH
7IFF9B7MDC@=7MH<5H58J5BH5;9G@C75@9LDCFH9FGG9@@=B;=BHCH<9;@C65@A5F?9HD@579
H<9F975B695G=;B=:=75BHB9;5H=J9
=AD57HCBA5BI:57HIF9FG65G98=BCH<9FA5F?9HG0<=@9K969@=9J9H<9@CB;H9FAHF9B8K=@@GIDDCFHH<9;FCKH<C::F99
HF589
K9<5J9BCH98K=H<7CB79FBF979BH89J9@CDA9BHG=B5BIA69FC:F9;=CBG"BG=5)57=:=7
5K95?M9BG=;B=:=75BH@M
F98I79GH<97CGHC:9LDCFHG=BHCH<9.B=H98,H5H9G
IFCD9
5B8CH<9F;@C65@A5F?9HG6M#5D5B9G9A5BI:57HIF9FG
5B8

CJ9F5D9F=C8C:H=A9
7CBHF=6IH9HCCH<9F7CIBHF=9GDIFGI=B;K95?7IFF9B7MDC@=7=9G6M=BH9FJ9B=B;=BH<99L7<5B;9F5H9
A5F?9HG-<=G=GD5FH=7I@5F@M@=?9@M=BCH<9FG=5B7CIBHF=9G
GI7<5G,CIH<$CF950969@=9J9H<9DF=A5FM:C7IGC:H<9
=89B58A=B=GHF5H=CBK=@@69588F9GG=B;H<9(/"D5B89A=75B8ACJ=B;5<958K=H<97CBCA=7GH=AI@IG09K=@@
7CBH=BI9HCACB=HCF5B8588F9GG89J9@CD=B;=GGI9G
"?30=.:9:84.,.?:=>"BH9F9GHF5H9G
BCH56@MA5HIF9A5F?9H;CJ9FBA9BH6CB8M=9@8G
5B8=B:@5H=CB<5J9F9A5=B98
@CK9FH<5B9LD97H98HH<9G5A9H=A9
;CJ9FBA9BH89:=7=HG5B8896HF9A5=B5H<=;<@9J9@G=BA5BMA5>CFA5F?9HG-<9
9J9BHI5@=AD@=75H=CBGC:<=;<9F;CJ9FBA9BH89:=7=HG5B8896H
K=H<DCH9BH=5@@M<=;<9F@CB;H9FA=BH9F9GHF5H9G
A5M8F=J95
<=;<9F7CGHC:75D=H5@CJ9FCIFD@5BB=B;D9F=C8!=;<9F=BH9F9GHF5H9G5B8 CFH5L9GHC588F9GGH<9<=;<9F89:=7=HG5@GCA5M
=AD989F95@;FCKH<=B;FCGG8CA9GH=7DFC8I7H5B8
H<9F9:CF9
J9<=7@9G5@9GCJ9FCIFD@5BB=B;D9F=C8

?08 ,9,20809?G>4>.@>>4:9,9/9,7D>4>:149,9.4,7:9/4?4:9,9/%0>@7?>:1";0=,?4:9>:9?49@0/
%02@7,?:=D ,??0=>&5BM;CJ9FBA9BH5@GH5B85F8G5B8F9;I@5H=CBGF9@5H=B;HCG5:9HM
:I9@97CBCAM
5B89A=GG=CBG
7CBHFC@
5ACB;CH<9FG
5F95DD@=756@9HCH<95IHCACH=J9=B8IGHFM
5B8K9GD9B8GI6GH5BH=5@F9GCIF79G9BGIF=B;H<5HK9
7CAD@MK=H<GI7<F9;I@5H=CBG CJ9FBA9BHG5:9HMGH5B85F8GF9EI=F9A5BI:57HIF9FGHCF9A98M89:97HGF9@5H98HCJ9<=7@9
G5:9HMH<FCI;<G5:9HMF975@@75AD5=;BG
5B85A5BI:57HIF9F=GC6@=;5H98HCF975@@J9<=7@9G=:=H89H9FA=B9GH<5HH<9J9<=7@9G
8CBCH7CAD@MK=H<5G5:9HMGH5B85F8-<97CGHC:F975@@5B87IGHCA9FG5H=G:57H=CB57H=CBGHCF9A98M89:97HG=BJ9<=7@9G
H<5H<5J9699BGC@87CI@869GI6GH5BH=5@
D5FH=7I@5F@M=:H<957H=CBGF9@5H9HC;@C65@D@5H:CFAGCF=BJC@J989:97HGH<5H5F9
=89BH=:=98M95FG5:H9FDFC8I7H=CBCF9L5AD@9
CB#5BI5FM

K95BBCIB798K9K=@@697CB8I7H=B;5:=9@8G9FJ=79
57H=CBHCF9D@579-5?5H55=F65;=B:@5HCFG=B79FH5=BAC89@M95FH<FCI;<J9<=7@9G
H<97CGHGC:K<=7<=G9GH=A5H98
HC69A=@@=CB5B8=GF9:@97H98=BCIF:CIFH<EI5FH9FF9GI@HG"B588=H=CB
'!-,5B8H<95IHCACH=J9=B8IGHFM5F9
7IFF9BH@M9B;5;98=B5GHI8MC:H<9G5:9HMC:5DDFCL=A5H9@MA=@@=CB-5?5H589G=775H985=F65;=B:@5HCFG=BH<9.B=H98
,H5H9G(:H<9G9
5DDFCL=A5H9@MH<F995B85<5@:A=@@=CBC:H<9=B:@5HCFG5F9=BCIFJ9<=7@9G,<CI@8'!-,89H9FA=B9H<5H
H<9=B:@5HCFG7CBH5=B5G5:9HM89:97H
CF85B8CH<9FA5BI:57HIF9FG7CI@8DCH9BH=5@@M:579G=;B=:=75BH=B7F9A9BH5@F975@@
7CGHG
%1B1:A1
(IFIHCACH=J9G9;A9BHF9J9BI9=G;9B9F5H98DF=A5F=@M6MG5@9GC:J9<=7@9G
D5FHG
5B85779GGCF=9G+9J9BI9=G
F97CF898K<9B7CBHFC@=GHF5BG:9FF98HCCIF7IGHCA9FG;9B9F5@@M
CIF895@9FG5B88=GHF=6IHCFGCFH<9A5>CF=HMC:G5@9G

H<=GC77IFGK<9BDFC8I7HG5F9G<=DD98:FCACIFA5BI:57HIF=B;:57=@=H=9G-<=G=GBCHH<975G9
<CK9J9F
K=H<F9GD97HHC
J9<=7@9GDFC8I798:CFG5@9HC85=@MF9BH5@75F7CAD5B=9GK=H<5BC6@=;5H=CBHCF9DIF7<5G9H<9J9<=7@9:CF5;I5F5BH998
5ACIBH
9L9F7=G56@95HH<9CDH=CBC:H<97IGHCA9F-<9G97CBHF57HG5F9577CIBH98:CF5GCD9F5H=B;@95G9G
K=H<@95G9
F9J9BI95B8DFC:=HGF97C;B=N98CJ9FH<9H9FAC:H<9@95G9)FC7998G:FCAH<9G5@9C:J9<=7@9G5H5I7H=CB5F9F97C;B=N98=B
F9J9BI9IDCBHF5BG:9FC:7CBHFC@C:H<9J9<=7@9HCH<96IM9F
&CGHC:H<9J9<=7@9GGC@86MIGHCCIF895@9FG5B88=GHF=6IHCFG5F9:=B5B7985HK<C@9G5@96MCF8F98=H.DCBCF8
F98=HCF=;=B5H=B;H<9K<C@9G5@9F979=J56@9F9@5H98HC5895@9FWGDIF7<5G9C:5J9<=7@9
CF8F98=HD5MG75G<HCH<9
F9@9J5BHIHCACH=J9@9;5@9BH=HM=BD5MA9BHC:H<9895@9FWGC6@=;5H=CB:CFH<9DIF7<5G9DF=79C:H<9J9<=7@9-<9895@9F
H<9BD5MGH<9K<C@9G5@9:=B5B79F979=J56@9HCCF8F98=HK<9B=HG9@@GH<9J9<=7@9HC5F9H5=@7IGHCA9F
(IFCF8F98=HG9;A9BHF9J9BI9=G;9B9F5H98DF=A5F=@M:FCA=BH9F9GHCB:=B5B79F979=J56@9G
B9HC:79FH5=B89:9FF98
CF=;=B5H=CB7CGHGH<5H5F9=B7@I8985G5F98I7H=CBC::=B5B7=B;F9J9BI9
5B8GI7<F9J9BI9=GF97C;B=N98CJ9FH<9H9FAC:
H<9F979=J56@9IG=B;H<9=BH9F9GHA9H<C8@GC
F9J9BI9:FCACD9F5H=B;@95G9G=GF97C;B=N98CB5GHF5=;<H@=B965G=GCJ9F
H<9H9FAC:H<9@95G9"B7CA9=G;9B9F5H98HCH<99LH9BHF9J9BI9G9L79989LD9BG9G
ACGHC:K<=7<5F9=BH9F9GH

89DF97=5H=CB
5B8CD9F5H=B;9LD9BG9G
-F5BG57H=CBG69HK99BCIFIHCACH=J95B8CF8F98=HG9;A9BHGC77IF=BH<9CF8=B5FM7CIFG9C:6IG=B9GGCF
9L5AD@9
K9C::9FGD97=5@F9H5=@:=B5B7=B;5B8@95G9=B79BH=J9GHC895@9FGW7IGHCA9FGK<C7<CCG9HC:=B5B79CF@95G9CIF
J9<=7@9G:FCACF8F98=H-<97CGH:CFH<9G9=B79BH=J9G=G=B7@I898=BCIF9GH=A5H9C:J5F=56@97CBG=89F5H=CB5HH<985H9
H<9F9@5H98J9<=7@9G5@9GHCCIF895@9FG5F9F97CF898"BCF89FHC7CAD9BG5H9CF8F98=H:CFH<9@CK9F=BH9F9GHCF@95G9
D5MA9BHGC::9F98HCH<9F9H5=@7IGHCA9F
K9D5MH<98=G7CIBH98J5@I9C:H<9=B79BH=J98=F97H@MHCCF8F98=HK<9B=H
CF=;=B5H9GH<9F9H5=@:=B5B79CF@95G97CBHF57HK=H<H<9895@9FWG7IGHCA9FCF8F98=HF97C;B=N9GH<9=B79BH=J95ACIBH
CJ9FH<9@=:9C:F9H5=@:=B5B797CBHF57HG5G5B9@9A9BHC::=B5B7=B;F9J9BI95B8CJ9FH<9@=:9C:@95G97CBHF57HG5G5
F98I7H=CBHC89DF97=5H=CB,99'CH9C:H<9'CH9GHCH<9=B5B7=5@,H5H9A9BHG:CF5ACF989H5=@988=G7IGG=CBC:
HF5BG57H=CBG69HK99BCIFIHCACH=J95B8CF8F98=HG9;A9BHG
;?@?-:0D<1:?1?
(IF=B7CA9GH5H9A9BH7@5GG=:=9GCIFCAD5BM9L7@I8=B;CF8F98=HHCH5@7CGHG5B89LD9BG9G=BHCHKC75H9;CF=9G
=7CGHC:G5@9G
5B8==G9@@=B;
58A=B=GHF5H=J9
5B8CH<9F9LD9BG9G09=B7@I89K=H<=B7CGHC:G5@9GH<CG97CGHGF9@5H98HC
H<989J9@CDA9BH
DFC8I7H=CB
5B88=GHF=6IH=CBC:CIFJ9<=7@9G
D5FHG
5779GGCF=9G
5B8G9FJ=79G,D97=:=75@@M
K9=B7@I89=B
7CGHC:G5@9G957<C:H<9:C@@CK=B;A5H9F=5@7CGHG=B7@I8=B;7CAAC8=HM7CGHG:F9=;<H7CGHGK5FF5BHM
=B7@I8=B;DFC8I7H
F975@@7CGHG@56CF5B8CH<9F7CGHGF9@5H98HCH<989J9@CDA9BH5B8DFC8I7H=CBC:CIFJ9<=7@9G
D5FHG
5779GGCF=9G
5B8
G9FJ=79G89DF97=5H=CB5B85ACFH=N5H=CB5B8CH<9F5GGC7=5H987CGHG09=B7@I89K=H<=BG9@@=B;
58A=B=GHF5H=J9
5B8CH<9F
9LD9BG9G@56CF5B8CH<9F7CGHGBCH8=F97H@MF9@5H98HCH<989J9@CDA9BH5B8DFC8I7H=CBC:CIFJ9<=7@9G
D5FHG
5779GGCF=9G

5B8G9FJ=79G
=B7@I8=B;GI7<9LD9BG9G5G58J9FH=G=B;5B8G5@9GDFCACH=CB7CGHG

?08 ,9,20809?G>4>.@>>4:9,9/9,7D>4>:149,9.4,7:9/4?4:9,9/%0>@7?>:1";0=,?4:9>:9?49@0/
9FH5=BC:CIF7CGHG
GI7<5GA5H9F=5@7CGHG
;9B9F5@@MJ5FM8=F97H@MK=H<7<5B;9G=BJC@IA95B8A=LC:DFC8I7H=CB"B
CIF=B8IGHFM
DFC8I7H=CBJC@IA9C:H9BJ5F=9GG=;B=:=75BH@M:FCAEI5FH9FHCEI5FH9F5B8M95FHCM95F*I5FH9F@MDFC8I7H=CB
JC@IA9G9LD9F=9B79G95GCB5@G<=:HGH<FCI;<CIHH<9M95F=B7@I8=B;D95?F9H5=@G5@9GG95GCBG5B8H<9=AD57HCBDFC8I7H=CB
C:AC89@7<5B;9CJ9F5B8B9KDFC8I7H@5IB7<9GBBI5@DFC8I7H=CBJC@IA9G5F9<95J=@M=AD57H986M9LH9FB5@97CBCA=7
:57HCFG
=B7@I8=B;H<9D579C:97CBCA=7;FCKH<5B8:57HCFGGI7<5GH<95J5=@56=@=HMC:7CBGIA9F7F98=H5B87CGHC::I9@
G5F9GI@H
K95B5@MN9H<9DFC:=H=AD57HC:79FH5=B7CGH7<5B;9G<C@8=B;7CBGH5BHDF9G9BHM95FJC@IA95B8A=L5B8
7IFF9B7M9L7<5B;9
=BCF89FHC9J5@I5H9CIF7CGHHF9B8G56G9BHH<9=AD57HC:J5FM=B;DFC8I7H=CB5B87IFF9B7M9L7<5B;9
@9J9@G095B5@MN9H<9G97CGH7<5B;9G=BH<9:C@@CK=B;75H9;CF=9G
Z :9?=4-@?4:9:>?>UH<9G97CGHGHMD=75@@MJ5FMK=H<DFC8I7H=CBJC@IA9-<9G97CGHG=B7@I89A5H9F=5@=B7@I8=B;
7CAAC8=HM
K5FF5BHM
5B8:F9=;<H5B88IHM7CGHG
Z &?=@.?@=,7:>?>UH<9G97CGHGHMD=75@@M8CBCH<5J958=F97H@MDFCDCFH=CB5H9F9@5H=CBG<=DHCDFC8I7H=CBJC@IA9
-<9G97CGHG=B7@I89A5BI:57HIF=B;
9B;=B99F=B;
GD9B8=B;F9@5H98
58J9FH=G=B;5B8G5@9GDFCACH=CB

58A=B=GHF5H=J95B8G9@@=B;
5B8D9BG=CB5B8()7CGHG
0<=@97CBHF=6IH=CB7CGHG;9B9F5@@MJ5FM8=F97H@M=BDFCDCFH=CBHCDFC8I7H=CBJC@IA9
9@9A9BHGK=H<=BCIFGHFI7HIF5@7CGHG
75H9;CFM5F9=AD57H98HC8=::9F=B;89;F99G6M7<5B;9G=BDFC8I7H=CBJC@IA9095@GC<5J9J5FM=B;89;F99GC:8=G7F9H=CB
K<9B=H7CA9GHC7CBHFC@@=B;H<98=::9F9BH9@9A9BHGK=H<=BCIFGHFI7HIF5@7CGHGCF9L5AD@9
89DF97=5H=CB5B85ACFH=N5H=CB
9LD9BG9@5F;9@M=G5GGC7=5H98K=H<DF=CF75D=H5@GD9B8=B;897=G=CBG(BH<9CH<9F<5B8
K<=@9@56CF7CGHG8CBCHJ5FM
8=F97H@MK=H<DFC8I7H=CBJC@IA9
A5BI:57HIF=B;@56CF7CGHGA5M69=AD57H986M7<5B;9G=BJC@IA9
:CF9L5AD@9K<9BK9
=B7F95G9CJ9FH=A9
5885DFC8I7H=CBG<=:H
CF588D9FGCBB9@HCGIDDCFHJC@IA9=B7F95G9G(H<9FGHFI7HIF5@7CGHG
GI7<5G
58J9FH=G=B;CF9B;=B99F=B;7CGHG
8CBCHB979GG5F=@M<5J958=F97H@MDFCDCFH=CB5H9F9@5H=CBG<=DHCDFC8I7H=CBJC@IA9(IF
GHFI7HIF5@7CGHG;9B9F5@@M5F9K=H<=BCIF8=G7F9H=CB
5@H<CI;<HCJ5FM=B;89;F99G
5B875B6958>IGH98CJ9FH=A9=B
F9GDCBG9HC9LH9FB5@:57HCFG
097CBG=89F79FH5=BGHFI7HIF5@7CGHGHC6958=F97H=BJ9GHA9BH=B:IHIF9;FCKH<5B8F9J9BI9CF9L5AD@9
GHFI7HIF5@
7CGHG5F9B979GG5FMHC;FCKCIF6IG=B9GG5B8=ADFCJ9DFC:=H56=@=HM
=BJ9GH=BB9KDFC8I7HG5B8H97<BC@C;=9G
F9GDCB8HC
=B7F95G=B;=B8IGHFMG5@9GJC@IA9
5B8;FCKCIFA5F?9HG<5F9
:>?:1>,70>5B8&077492,/8494>?=,?4A0,9/:?30=0C;09>0>:CF:I@@M95FK9F96=@@=CB(IFIHCACH=J9

G9;A9BHWGA5H9F=5@5B87CAAC8=HM7CGHGA5?9IDH<9@5F;9GHDCFH=CBC:H<9G97CGHG5B89LD9BG9G
:C@@CK986MGHFI7HIF5@
7CGHG@H<CI;<A5H9F=5@7CGHG5F9CIF@5F;9GH56GC@IH97CGH
CIFA5F;=BG75B695::97H98G=;B=:=75BH@M6M7<5B;9G=B5BM
75H9;CFMC:7CGHG

?08 ,9,20809?G>4>.@>>4:9,9/9,7D>4>:149,9.4,7:9/4?4:9,9/%0>@7?>:1";0=,?4:9>:9?49@0/
%&('&""#%'"!&
-<9B9H@CGG5HHF=6IH56@9HCCF8&CHCFCAD5BMK5G
A=@@=CB=BCAD5BM58>IGH98"-K5G

A=@@=CB
'9H=B7CA9 @CGG=B7@I89G79FH5=B=H9AGXGD97=5@=H9AGYH<5H5F99L7@I898:FCACAD5BM58>IGH98"--<9G9

=H9AG5F98=G7IGG98=BACF989H5=@=B'CH9C:H<9'CH9GHCH<9=B5B7=5@,H5H9A9BHG09F9DCFHGD97=5@=H9AG
G9D5F5H9@MHC5@@CK=BJ9GHCFG5B5@MN=B;CIFF9GI@HGHC=89BH=:M79FH5=B=B:F9EI9BHG=;B=:=75BH=H9AGH<5HH<9MA5MK=G<HC
9L7@I89K<9B7CBG=89F=B;H<9HF9B8C:CB;C=B;CD9F5H=B;F9GI@HG(IFDF9H5L5B8H5LGD97=5@=H9AGK9F95G:C@@CKG=B
A=@@=CBG

8;.-8%101?53:
IFCD99L7@+IGG=5

"B8=5
,CIH<A9F=75

+IGG=5
<=B5
,9D5F5H=CBG5B8(H<9FBCH=B7@I89856CJ9
,I6HCH5@ @C65@+989G=;B

"@41>@19?
5=BCBHF5BG57H=CBK=H<F;C"5B8/0 V

-5?5H5:=9@8G9FJ=7957H=CB V
(H<9F=B7@C7IG75B79@@5H=CB
-F5BG=HCBB97H7IGHCAGFI@=B;

'CFH<A9F=75<CIF@M6IMCIHG
5B8<5F=CH
,I6HCH5@(H<9F"H9AG

#1:?5;:-:0"#-5:;??
)9BG=CB5B8()F9A95GIF9A9BH

)9BG=CBG9HH@9A9BHG5B87IFH5=@A9BHG
,I6HCH5@)9BG=CB5B8() 5=B %CGG

-CH5@"-,D97=5@"H9AG

5G<9::97HC: @C65@+989G=;B=B7@G9D5F5H=CBG
)FCJ=G=CB:CF 9B9:=H:FCAH5LGD97=5@=H9AG5

4444444444
5 "B7@I89GF9@5H98H5L9::97HCBGD97=5@=H9AG5B8H5LGD97=5@=H9AG
09F97CF8986=@@=CBC:DF9H5LGD97=5@=H9A7<5F;9G=B

DF=A5F=@MF9:@97H=B; @C65@+989G=;B57H=CBG=B,CIH<
A9F=755B8IFCD9
A5F?HCA5F?9H58>IGHA9BHG:CFCIF;@C65@D9BG=CB5B8()D@5BG
5B8H<9:=9@8G9FJ=7957H=CB:CF
-5?5H55=F65;=B:@5HCFG
D5FH=5@@MC::G9H6MH<9;5=BCBCIF=BJ9GHA9BH=BF;C"5G5F9GI@HC:H<9HF5BG57H=CBK=H<F;C"
5B8/C@?GK5;9B=BH<9G97CB8EI5FH9FC:
"B'CH9C:H<9'CH9GHCH<9=B5B7=5@,H5H9A9BHG
GD97=5@=H9AG5F9F9:@97H985G5G9D5F5H9F97CB7=@=B;=H9A
5G
CDDCG98HC69=B;5@@C75H985ACB;H<9IHCACH=J9
&C6=@=HM
5B8CF8F98=HG9;A9BHG-<=GF9:@97HGH<9:57HH<5H
A5B5;9A9BH9L7@I89GH<9G9=H9AG:FCA=HGF9J=9KC:CD9F5H=B;G9;A9BHF9GI@HG:CFDIFDCG9GC:A95GIF=B;G9;A9BH
DFC:=H56=@=HM5B85@@C75H=B;F9GCIF79G

?08 ,9,20809?G>4>.@>>4:9,9/9,7D>4>:149,9.4,7:9/4?4:9,9/%0>@7?>:1";0=,?4:9>:9?49@0/
" #!,, '%&
-<9H56@969@CKG<CKGCIF:I@@M95F?9MA9HF=7G:CFH<9CAD5BM7CAD5F98HC5M95F5;C

#5:-:/5-8 1-?A>1?
5G<@CKG:FCA(D9F5H=B;7H=J=H=9G
+9J9BI9&

'9H"B7CA9 %CGG&

'9H"B7CA9 %CGG&5F;=B DDHG
),=@IH98
!;:#5:-:/5-8 1-?A>1?-
CAD5BM8>F995G<@CK
CAD5BM8>"-&

CAD5BM8>"-&5F;=B DDHG
8>IGH98),=@IH98
8>IGH98+("-F5=@=B;CIF*HFG DDHG
4444444444
5 ,99!:9#49,9.4,7 0,>@=0%0.:9.474,?4:9>G97H=CB:CFF97CB7=@=5H=CBHC )
CF:I@@M95F
F9J9BI9K5G8CKBD9F79BHHC6=@@=CB
"B
CIF8=@IH9895FB=B;GD9FG<5F9C:CAACB5B8@5GG,HC7?K5G5@CGGC:5B8CIF8=@IH9858>IGH98
95FB=B;GD9FG<5F9K5G
'9H=B7CA9 @CGGA5F;=BK5GB9;5H=J9D9F79BH=B

8CKB:FCAD9F79BH5M95F5;CCAD5BM58>IGH98
"-A5F;=BK5GD9F79BH=B
8CKB:FCAD9F79BH5M95F5;C
-<9H56@969@CKG<CKGCIF:I@@M95FB9H=B7CA9 @CGG5HHF=6IH56@9HCCF85B8CAD5BM58>IGH98"-6M
G9;A9BH=BA=@@=CBG

IHCACH=J9

&C6=@=HM

CF8F98=H

CFDCF5H9(H<9F
CAD5BM8>IGH98"-5

"BH9F9GHCB96H

,D97=5@"H9AG

-5L9G 'CB7CBHFC@@=B;"BH9F9GHG
'9H"B7CA9 %CGG

4444444444
5 ,99!:9#49,9.4,7 0,>@=0%0.:9.474,?4:9>G97H=CB:CFF97CB7=@=5H=CBHC )
-<9M95FCJ9FM95F897@=B9GC:6=@@=CB=BB9H=B7CA9 @CGG5B86=@@=CB=BCAD5BM58>IGH98"-=B

K9F98F=J9B6M897F95G9G=BIHCACH=J9"-5B8CF8F98=H-
DF=A5F=@MF9:@97H=B;H<9=AD57HC:(/"(IFB9H
@CGG=B=B7@I89GH<99::97HC:GD97=5@=H9AG
=B7@I8=B; @C65@+989G=;B57H=CBG=B,CIH<A9F=755B8IFCD9
A5F?HC
A5F?9H58>IGHA9BHG:CFCIF;@C65@D9BG=CB5B8()D@5BG
5B8H<9:=9@8G9FJ=7957H=CB:CF-5?5H55=F65;=B:@5HCFG

D5FH=5@@MC::G9H6MH<9;5=BCBCIF=BJ9GHA9BH=BF;C"

?08 ,9,20809?G>4>.@>>4:9,9/9,7D>4>:149,9.4,7:9/4?4:9,9/%0>@7?>:1";0=,?4:9>:9?49@0/
A@;9;@5B1&1391:@
-<9H56@969@CKG<CKGCIF:I@@M95FIHCACH=J9G9;A9BH"-6M6IG=B9GGIB=H=BA=@@=CBG

'CFH<A9F=75

,CIH<A9F=75
IFCD9
<=B5=B7@I8=B;-5=K5B
IHCACH=J9,9;A9BH

-<9H56@9G69@CK5B8CBH<9:C@@CK=B;D5;9GDFCJ=89:I@@M95F?9MA9HF=7G5B8H<97<5B;9=B:I@@M95F"-
7CAD5F98K=H<:I@@M95F6M75IG5@:57HCF:CFCIFIHCACH=J9G9;A9BH5B8=HGF9;=CB5@6IG=B9GGIB=HGCF5
89G7F=DH=CBC:H<9G975IG5@:57HCFG
G9901494?4:9>,9/91:=8,?4:9%02,=/492@?:8:?4A0,@>,7,.?:=>

1E 1@>5/?
&5F?9H,<5F9 DDHG
0<C@9G5@9.B=HG

+9J9BI9&

"-&

"-&5F;=B DDHG
4-:315:'.E-A?-8-/@;>5:95885;:?
I@@295F"-

/C@IA9 &=L

'9H)F=7=B;

CGH
L7<5B;9
(H<9F
A88,1->'

"B
K<C@9G5@9G=BCIFIHCACH=J9G9;A9BH897@=B98D9F79BH:FCA5M95F5;C
F9:@97H=B;5897F95G9=B957<
6IG=B9GGIB=HCH<9FH<5B<=B5I@@M95FIHCACH=J9F9J9BI9897F95G98D9F79BH:FCA5M95F5;C
(IF:I@@M95FIHCACH=J9G9;A9BH"-897F95G986=@@=CB:FCA5M95F5;CK=H<5B"-A5F;=BC:
D9F79BH!=;<9FB9HDF=7=B;5B8:5JCF56@9A=LK9F9ACF9H<5BC::G9H6MH<9=AD57HC:(/"F9@5H98@CK9F=B8IGHFM
JC@IA95B8H<97<5B;9CJ9FHCH<95@@B9K,HFI7HIF5@7CGHGK9F9G=;B=:=75BH@M@CK9F
DF=A5F=@MF9:@97H=B;H<9=AD57H
C:CIFGIGD9BG=CBC:DFC8I7H=CB95F@=9F=BH<9M95F8I9HC(/"

?08 ,9,20809?G>4>.@>>4:9,9/9,7D>4>:149,9.4,7:9/4?4:9,9/%0>@7?>:1";0=,?4:9>:9?49@0/
!;>@491>5/-

1E 1@>5/?
&5F?9H,<5F9 VDDHG
0<C@9G5@9.B=HG

+9J9BI9&

"-&

"-&5F;=B DDHG
4-:315:'.E-A?-8-/@;>5:95885;:?
I@@295F"-

/C@IA9 &=L

'9H)F=7=B;

CGH
L7<5B;9
(H<9F
A88,1->'
"B'CFH<A9F=75
K<C@9G5@9G897@=B98D9F79BH:FCA5M95F5;C
8F=J9B6M(/"F9@5H98@CK9F=B8IGHFM
JC@IA95B8H<97<5B;9CJ9FHCH<95@@B9KI@@M95FF9J9BI9897F95G98D9F79BHM95FCJ9FM95F
8F=J9B6M
@CK9FJC@IA9
D5FH=5@@MC::G9H6M<=;<9FB9HDF=7=B;5B8:5JCF56@9G9F=9G5B8CDH=CBA=L
'CFH<A9F=75WG"-897F95G986=@@=CB:FCA5M95F5;CK=H<5B"-A5F;=BC:D9F79BH-<9@CK9F"-

K5G8F=J9B6M@CK9FJC@IA9
<=;<9FA5H9F=5@7CGH
5B8<=;<9FK5FF5BHM9LD9BG9!=;<9FB9HDF=7=B;
:5JCF56@9A=L
5B8
@CK9FGHFI7HIF5@7CGHGK9F9D5FH=5@C::G9HG
&;A@491>5/-

1E 1@>5/?
&5F?9H,<5F9 DDHG
0<C@9G5@9.B=HG
+9J9BI9&

"-&
"-&5F;=B DDHG
4-:315:'.E-A?-8-/@;>5:95885;:?
I@@295F"-
/C@IA9 &=L
'9H)F=7=B;
CGH
L7<5B;9
(H<9F
A88,1->'
"B,CIH<A9F=75
8F=J9B6M(/"F9@5H98@CK9F=B8IGHFM
JC@IA9I@@M95FF9J9BI9897@=B98D9F79BHM95FCJ9FM95F
8F=J9B6M@CK9FJC@IA95B8K95?9F7IFF9B7=9G

D5FH=5@@MC::G9H6M<=;<9FB9HDF=7=B;5B8:5JCF56@9J9<=7@9A=L
,CIH<A9F=75WG"-@CGG=ADFCJ98A=@@=CB:FCA5M95F5;CK=H<5B"-A5F;=BC:B9;5H=J9-<9
"-=ADFCJ9A9BHK5G8F=J9B6M<=;<9FB9HDF=7=B;5B87CGHF98I7H=CBG

?08 ,9,20809?G>4>.@>>4:9,9/9,7D>4>:149,9.4,7:9/4?4:9,9/%0>@7?>:1";0=,?4:9>:9?49@0/
A>;<1

1E 1@>5/?
&5F?9H,<5F9 DDHG
0<C@9G5@9.B=HG5

+9J9BI9&

"-&
"-&5F;=B DDHG
4444444444
5 "B7@I89GCF86F5B8J9<=7@9GDFC8I7985B8GC@86MCIFIB7CBGC@=85H985::=@=5H9=B-IF?9M56CIH
IB=HG=B5B8
IB=HG=B
F9J9BI98C9GBCH=B7@I89H<9G9G5@9G
4-:315:'.E-A?-8-/@;>5:95885;:?
I@@295F"-
/C@IA9 &=L

'9H)F=7=B;

CGH
L7<5B;9
(H<9F
A88,1->'
"BIFCD9
8F=J9B6M(/"F9@5H98@CK9F=B8IGHFMJC@IA9
I@@M95FF9J9BI9897@=B98D9F79BHM95FCJ9FM95F
8F=J9B6M@CK9FJC@IA9
D5FH=5@@MC::G9H6M<=;<9FB9HDF=7=B;
5B8:5JCF56@9G9F=9G5B8CDH=CBA=L
IFCD9WG"-897F95G98A=@@=CB:FCA5M95F5;CK=H<5B"-A5F;=BC:B9;5H=J9D9F79BH-<9@CK9F

"-K5GACF9H<5B9LD@5=B986M(/"F9@5H98@CK9F=B8IGHFMJC@IA95B8H<9$I;5)!/F975@@=BH<9H<=F8EI5FH9F
C:

?08 ,9,20809?G>4>.@>>4:9,9/9,7D>4>:149,9.4,7:9/4?4:9,9/%0>@7?>:1";0=,?4:9>:9?49@0/
45:-:/8A05:3'-5C-:

1E 1@>5/?
&5F?9H,<5F9 DDHG
0<C@9G5@9.B=HG5
+9J9BI9&

"-&
"-&5F;=B DDHG
45:-(:/;:?;850-@1022585-@1?
0<C@9G5@9.B=HG
CF8EI=HM"B7CA9 %CGG&
4444444444
5 "B7@I89GCF86F5B85B8#&6F5B8J9<=7@9GDFC8I7985B8GC@8=B<=B56MCIFIB7CBGC@=85H985::=@=5H9G+9J9BI98C9GBCH=B7@I89H<9G9G5@9G
4-:315:'.E-A?-8-/@;>5:95885;:?
I@@295F"-
/C@IA9 &=L
'9H)F=7=B;
CGH
L7<5B;9
(H<9F
A88,1->'
"B<=B5
K<C@9G5@9G=B7F95G98D9F79BH:FCA5M95F5;C
8F=J9B6M<=;<9F>C=BHJ9BHIF9JC@IA9GI@@M95F
7CBGC@=85H98F9J9BI9897@=B98D9F79BHM95FCJ9FM95F
8F=J9B6M@CK9FJC@IA9
D5FH=5@@MC::G9H6M<=;<9F
7CADCB9BHG5@9GHCCIF>C=BHJ9BHIF9G=B<=B55B8:5JCF56@9G9F=9G5B8CDH=CBA=L
<=B5WG"-@CGG=ADFCJ98A=@@=CB:FCA5M95F5;CK=H<5B"-A5F;=BC:B9;5H=J9D9F79BH-<9

=ADFCJ98"-K5G8F=J9B6M<=;<9F>C=BHJ9BHIF9DFC:=HG5B8FCM5@H=9G5B8@CK9FGHFI7HIF5@7CGHG

?08 ,9,20809?G>4>.@>>4:9,9/9,7D>4>:149,9.4,7:9/4?4:9,9/%0>@7?>:1";0=,?4:9>:9?49@0/
:@1>:-@5;:-8 ->71@?>;A<

1E 1@>5/?
&5F?9H,<5F9 DDHG
0<C@9G5@9.B=HG5
+9J9BI9&

"-&
"-&5F;=B DDHG
444444444
5 "B7@I89GCF86F5B8J9<=7@9GDFC8I7985B8GC@86MCIFIB7CBGC@=85H985::=@=5H9=B+IGG=556CIH
IB=HG=B5B8
IB=HG=B
+9J9BI95:H9F*8C9GBCH=B7@I89H<9G9G5@9G
4-:315:'.E-A?-8-/@;>5:95885;:?
I@@295F"-
/C@IA9 &=L
'9H)F=7=B;
CGH
L7<5B;9
(H<9F
A88,1->'

"BCIF"BH9FB5H=CB5@&5F?9HG FCID
8F=J9B6M(/"F9@5H98
@CK9F=B8IGHFMJC@IA9I@@M95FF9J9BI9897@=B98D9F79BHM95FCJ9FM95F
8F=J9B6M@CK9FJC@IA95B8K95?9F
7IFF9B7=9G
D5FH=5@@MC::G9H6M<=;<9FB9HDF=7=B;5B8:5JCF56@9G9F=9G5B8CDH=CBA=L
(IF"BH9FB5H=CB5@&5F?9H FCIDWG"-@CGG=ADFCJ98A=@@=CB:FCA5M95F5;CK=H<5B"-A5F;=BC:
B9;5H=J9D9F79BH-<9=ADFCJ98"-K5G8F=J9B6M7CGHF98I7H=CBG
<=;<9FB9HDF=7=B;
5B8:5JCF56@9A=L
D5FH=5@@M
C::G9H6M@CK9FJC@IA9

?08 ,9,20809?G>4>.@>>4:9,9/9,7D>4>:149,9.4,7:9/4?4:9,9/%0>@7?>:1";0=,?4:9>:9?49@0/
01494?4:9>,9/91:=8,?4:9%02,=/492@?:8:?4A0,@>,7,.?:=>
"B;9B9F5@
K9A95GIF9M95FCJ9FM95F7<5B;9=BIHCACH=J9G9;A9BH"-IG=B;H<975IG5@:57HCFG@=GH9869@CK
K=H<
B9HDF=7=B;5B87CGHJ5F=5B79G75@7I@5H985HDF9G9BHM95FJC@IA95B8A=L5B89L7<5B;9
J ,=60?,.?:=>9L7@I89H<9=AD57HC:IB7CBGC@=85H985::=@=5H9K<C@9G5@9IB=HG
L ):7@80,9/ 4CUDF=A5F=@MA95GIF9G"-J5F=5B79:FCA7<5B;9G=BK<C@9G5@9IB=HJC@IA9G5HDF=CFM95F
5J9F5;97CBHF=6IH=CBA5F;=BD9FIB=H8F=J9B6M7<5B;9G=B=B8IGHFMJC@IA9
A5F?9HG<5F9
5B8895@9FGHC7?G
5G
K9@@5GH<9"-J5F=5B79F9GI@H=B;:FCA7<5B;9G=BDFC8I7HA=L
=B7@I8=B;A=L5ACB;J9<=7@9@=B9G5B8A=LC:HF=A
@9J9@G5B8CDH=CBGK=H<=B5J9<=7@9@=B9
L !0?#=4.492UDF=A5F=@MA95GIF9G"-J5F=5B798F=J9B6M7<5B;9G=BK<C@9G5@9IB=HDF=79GHC895@9FG5B8
A5F?9H=B;=B79BH=J9DFC;F5AGGI7<5GF965H9DFC;F5AG
@CKF5H9:=B5B7=B;C::9FG
GD97=5@@95G9C::9FG
5B8GHC7?
58>IGHA9BHGCB895@9F=BJ9BHCFM
Z :>?
L :9?=4-@?4:9:>?>UDF=A5F=@MA95GIF9G"-J5F=5B798F=J9B6MD9FIB=H7<5B;9G=B7CGH75H9;CF=9GH<5HHMD=75@@M
J5FMK=H<JC@IA9
GI7<5GA5H9F=5@7CGHG=B7@I8=B;7CAAC8=HM5B87CADCB9BH7CGHG
K5FF5BHM9LD9BG9
5B8
:F9=;<H5B88IHM7CGHG
L &?=@.?@=,7:>?>UDF=A5F=@MA95GIF9G"-J5F=5B798F=J9B6M56GC@IH97<5B;9=B7CGH75H9;CF=9GH<5HHMD=75@@M8C
BCH<5J958=F97H@MDFCDCFH=CB5H9F9@5H=CBG<=DHCDFC8I7H=CBJC@IA9,HFI7HIF5@7CGHG=B7@I89H<9:C@@CK=B;7CGH
75H9;CF=9G
K ,9@1,.?@=4929.7@/492):7@80%07,?0/7CBG=GHGDF=A5F=@MC:7CGHG:CF<CIF@M5B8G5@5F=98A5BI:57HIF=B;
D9FGCBB9@
D@5BHCJ9F<958GI7<5GIH=@=H=9G5B8H5L9G
5B8B9KDFC8I7H@5IB7<9LD9BG9-<9G97CGHG7CI@8
695::97H986MJC@IA9:CFCD9F5H=B;D5HH9FB57H=CBGGI7<5GCJ9FH=A9
@=B9GD998
5B8G<=:HG7<98I@9G
K 924900=492U7CBG=GHGDF=A5F=@MC:7CGHG:CF9B;=B99F=B;D9FGCBB9@
DFCHCHMD9A5H9F=5@G
H9GH=B;
5B8CIHG=89
9B;=B99F=B;G9FJ=79G
K &;09/492%07,?0/U7CBG=GHGDF=A5F=@MC:89DF97=5H=CB5B85ACFH=N5H=CBC:CIFA5BI:57HIF=B;5B89B;=B99F=B;
5GG9HG
6IH5@GC=B7@I89G5GG9HF9H=F9A9BHG5B8CD9F5H=B;@95G9G
K /A0=?4>492,9/&,70>#=:8:?4:9>U=B7@I89G7CGHG:CF58J9FH=G=B;
A5F?9H=B;DFC;F5AG
6F5B8DFCACH=CBG

7IGHCA9FA5=@=B;G5B8DFCACH=CB5@9J9BHG
5B85IHCG<CKG
K /8494>?=,?4A0,9/&077492U=B7@I89GDF=A5F=@M7CGHG:CFG5@5F=98D9FGCBB9@5B8DIF7<5G98G9FJ=79GF9@5H98HC
CIFGH5::57H=J=H=9G5B8G9@@=B;:IB7H=CBG
5GK9@@5G5GGC7=5H98=B:CFA5H=CBH97<BC@C;M7CGHG
K #09>4:9,9/"#U7CBG=GHGDF=A5F=@MC:D5GHG9FJ=79D9BG=CB7CGHG5B8CH<9FDCGHF9H=F9A9BH9AD@CM99
69B9:=H7CGHG
Z C.3,920UDF=A5F=@MA95GIF9G"-J5F=5B798F=J9B6MCB9CFACF9C:H<9:C@@CK=B;=HF5BG57H=CBG89BCA=B5H98=B
7IFF9B7=9GCH<9FH<5BH<9:IB7H=CB5@7IFF9B7=9GC:H<9F9@9J5BH9BH=H=9G
==9::97HGC:7CBJ9FH=B;:IB7H=CB5@7IFF9B7M
=B7CA9HC.,8C@@5FG
===9::97HGC:F9A95GIF=B;ACB9H5FM5GG9HG5B8@=56=@=H=9GC:H<9F9@9J5BH9BH=H=9G=B7IFF9B7=9G
CH<9FH<5BH<9=F:IB7H=CB5@7IFF9B7M
CF=JF9GI@HGC:CIF:CF9=;B7IFF9B7M<98;=B;
J "?30=U=B7@I89G5J5F=9HMC:=H9AG
GI7<5GD5FHG5B8G9FJ=79G95FB=B;G
FCM5@H=9G
;CJ9FBA9BH=B79BH=J9G
5B8
7CAD9BG5H=CBF9@5H987<5B;9G
"B588=H=CB
89:=B=H=CBG5B875@7I@5H=CBGIG98=BH<=GF9DCFH=B7@I89
J *3:70>,70>,9/%0A09@0UK<C@9G5@9IB=HJC@IA9G=B7@I895@@CF85B8%=B7C@B658;98IB=HGK<9H<9FDFC8I7986M
CF8CF6M5BIB7CBGC@=85H985::=@=5H9H<5H5F9GC@8HC895@9FG<=DG
IB=HGA5BI:57HIF986MCF8H<5H5F9GC@8HCCH<9F
A5BI:57HIF9FG
IB=HG8=GHF=6IH986MCF8:CFCH<9FA5BI:57HIF9FG
5B8@C75@6F5B8IB=HGDFC8I7986MCIF<=B5
>C=BHJ9BHIF9
%H8X#&Y
H<5H5F9GC@8HC895@9FG<=DG/9<=7@9GGC@8HC85=@MF9BH5@75F
7CAD5B=9GH<5H5F9GI6>97HHC5;I5F5BH998F9DIF7<5G9CDH=CB=9
F9BH5@F9DIF7<5G9
5GK9@@5GCH<9FG5@9GC:
:=B=G<98J9<=7@9G:CFK<=7<H<9F97C;B=H=CBC:F9J9BI9=G89:9FF989;
7CBG=;BA9BHG
5@GC5F9=B7@I898=BK<C@9G5@9
IB=HJC@IA9G+9J9BI9:FCA79FH5=BJ9<=7@9G=BK<C@9G5@9IB=HJC@IA9GGD97=:=75@@M
CF8658;98J9<=7@9GDFC8I798
5B88=GHF=6IH986MCIFIB7CBGC@=85H985::=@=5H9G
5GK9@@5G#&6F5B8J9<=7@9G5F9BCH=B7@I898=BCIFF9J9BI9
J 9/@>?=D):7@80,9/ ,=60?&3,=0U65G98
=BD5FH
CB9GH=A5H98J9<=7@9F9;=GHF5H=CBG=B7@I89GA98=IA5B8<95JM
8IHMHFI7?G
Z &%UG95GCB5@@M58>IGH985BBI5@F5H9

?08 ,9,20809?G>4>.@>>4:9,9/9,7D>4>:149,9.4,7:9/4?4:9,9/%0>@7?>:1";0=,?4:9>:9?49@0/
;.585@E&1391:@

5A=7FCAC6=@=HMG9FJ=79DFCJ=89F
"BCIF&C6=@=HMG9;A9BH
CIF"-897F95G98A=@@=CB:FCA5M95F5;C-<96=@@=CB"-@CGGF9:@97HGCIF
GHF5H9;=7=BJ9GHA9BHG=B5GK97CBH=BI98HC9LD5B8CIF75D56=@=H=9G=B5IHCBCACIGJ9<=7@9G5B8AC6=@=HM6IG=B9GG9G
;>0>105@&1391:@
-<9H56@9G69@CKDFCJ=89:I@@M95F?9MA9HF=7G5B8H<97<5B;9=B:I@@M95F-7CAD5F98K=H<:I@@M95F
6M75IG5@:57HCF:CFH<9CF8F98=HG9;A9BHCF589G7F=DH=CBC:H<9G975IG5@:57HCFG
G9901494?4:9>,9/
91:=8,?4:9%02,=/492:=/=0/4?,@>,7,.?:=>

#5:-:/5-8 1-?A>1?
-CH5@'9H+979=J56@9G
%CGGHC+979=J56@9G6DG5
I7H=CB/5@I9G6

-&

+( DDH
"@41>-8-:/1&411@ 1@>5/?
96H
'9H%=EI=8=HM
=B5B7=5@,H5H9A9BH%9J9F5;9HC V
4444444444
5 .,F9H5=@:=B5B7=B;CB@M
6 .,ACBH<C::@95G95I7H=CBJ5@I9G5H:I@@M95FA=L

!;:#5:-:/5-8 1-?A>1?
&5B5;98+979=J56@9G5
&5B5;98%9J9F5;9HC6
4444444444
5 ,99!:9#49,9.4,7 0,>@=0%0.:9.474,?4:9>G97H=CB:CFF97CB7=@=5H=CBHC )
6 ,994<@4/4?D,9/,;4?,7%0>:@=.0>:=/=0/4?&02809?G97H=CB:CFF97CB7=@=5H=CBHC )
4-:315:'.E-A?-8-/@;>5:95885;:?
I@@295F-

/C@IA9 &=L
=B5B7=B;&5F;=B
F98=H%CGG
%95G9+9G=8I5@
L7<5B;9
(H<9F
A88,1->'
CF8F98=HWG@CGGA9HF=7GF9:@97H98<95@H<M5B8GH56@97CBGIA9F7F98=H7CB8=H=CBG
5B85I7H=CBJ5@I9G:CFC::@95G9
J9<=7@9GK9F9D9F79BH<=;<9FH<5B5M95F5;C095F9D@5BB=B;:CF:I@@M95F5I7H=CBJ5@I9GHC69@CK9FH<5B
+979=J56@9G5H979A69F
K9F9@CK9FM95FCJ9FM95F
CF8F98=HWG-897F95G98A=@@=CB:FCA5M95F5;C
DF=A5F=@M8F=J9B6M5B=B7F95G9HCH<97F98=H@CGG
F9G9FJ98I9HC(/"5B8IB:5JCF56@9JC@IA95B8A=L8I9HC@CK9FF979=J56@9G
D5FH=5@@MC::G9H6M:5JCF56@9@95G9
F9G=8I5@D9F:CFA5B798I9HC=ADFCJ985I7H=CBJ5@I9G

?08 ,9,20809?G>4>.@>>4:9,9/9,7D>4>:149,9.4,7:9/4?4:9,9/%0>@7?>:1";0=,?4:9>:9?49@0/
01494?4:9>,9/91:=8,?4:9%02,=/492:=/=0/4?,@>,7,.?:=>
"B;9B9F5@
K9A95GIF9M95FCJ9FM95F7<5B;9G=BCF8F98=HWG-IG=B;H<975IG5@:57HCFG@=GH9869@CK
J ):7@80,9/ 4C
\ /C@IA9DF=A5F=@MA95GIF9G7<5B;9G=BB9H:=B5B7=B;A5F;=B8F=J9B6M7<5B;9G=B5J9F5;9A5B5;98F979=J56@9G
5HDF=CFD9F=C8:=B5B7=B;A5F;=BM=9@889:=B9869@CK=B:=B5B7=B;A5F;=B5HDF=CFD9F=C89L7<5B;9F5H9G/C@IA9
7<5B;9G5F9DF=A5F=@M8F=J9B6MH<9JC@IA9C:B9K5B8IG98J9<=7@9GGC@85B8@95G98
H<99LH9BHHCK<=7<CF8
F98=HDIF7<5G9GF9H5=@:=B5B7=B;5B8CD9F5H=B;@95G97CBHF57HG
H<99LH9BHHCK<=7<CF8F98=HDFCJ=89G
K<C@9G5@9:=B5B7=B;
H<9G5@9GDF=79C:H<9J9<=7@9G:=B5B798
H<9@9J9@C:895@9F=BJ9BHCF=9G
CF8GDCBGCF98
GD97=5@:=B5B7=B;DFC;F5AG5J5=@56@99L7@IG=J9@MH<FCI;<CF8F98=H
5B8H<95J5=@56=@=HMC:7CGH9::97H=J9:IB8=B;
\ &=LDF=A5F=@MA95GIF9G7<5B;9G=BB9H:=B5B7=B;A5F;=B8F=J9B6MD9F=C8CJ9FD9F=C87<5B;9G=BH<97CADCG=H=CB
C:CF8F98=HWG5J9F5;9A5B5;98F979=J56@9G6MDFC8I7HK=H<=B957<F9;=CB
J 49,9.492 ,=249
\ =B5B7=B;A5F;=BJ5F=5B79=GH<9D9F=C8HCD9F=C87<5B;9=B:=B5B7=B;A5F;=BM=9@8AI@H=D@=986MH<9DF9G9BH
D9F=C85J9F5;9A5B5;98F979=J56@9G5HDF=CFD9F=C89L7<5B;9F5H9G-<=G75@7I@5H=CB=GD9F:CFA985HH<9DFC8I7H
5B87CIBHFM@9J9@5B8H<9B5;;F9;5H98=B5B7=B;A5F;=BM=9@89EI5@GF9J9BI9
@9GG=BH9F9GH9LD9BG95B8
G7<98I@9889DF97=5H=CB:CFH<9D9F=C8
8=J=8986M5J9F5;9A5B5;98F979=J56@9G:CFH<9G5A9D9F=C8
\ =B5B7=B;A5F;=B7<5B;9G5F98F=J9B6M7<5B;9G=BF9J9BI95B8=BH9F9GH9LD9BG9<5B;9G=BF9J9BI95F9
DF=A5F=@M8F=J9B6MH<9@9J9@C:A5F?9H=BH9F9GHF5H9G
7CGH5GGIADH=CBG=BDF=7=B;
A=LC:6IG=B9GG
5B87CAD9H=H=J9
9BJ=FCBA9BH<5B;9G=B=BH9F9GH9LD9BG95F9DF=A5F=@M8F=J9B6MH<9@9J9@C:A5F?9H=BH9F9GHF5H9G
6CFFCK=B;
GDF958G
5B85GG9H@=56=@=HMA5B5;9A9BH
J =0/4?:>>
\ F98=H@CGG=GH<97<5B;9=BH<9DFCJ=G=CB:CF7F98=H@CGG9G5HDF=CFD9F=C89L7<5B;9F5H9GCF5B5@MG=GDIFDCG9G

A5B5;9A9BHGD@=HGH<9DFCJ=G=CB:CF7F98=H@CGG9G=BHCB9H7<5F;9C::G5B8H<97<5B;9=BH<95@@CK5B79:CF7F98=H
@CGG9G
\ '9H7<5F;9C::7<5B;9G5F9DF=A5F=@M8F=J9B6MH<9BIA69FC:F9DCGG9GG=CBG
G9J9F=HMD9FF9DCGG9GG=CB
5B8
F97CJ9F=9G<5B;9G=BH<95@@CK5B79:CF7F98=H@CGG9G5F9DF=A5F=@M8F=J9B6M7<5B;9G=B<=GHCF=75@HF9B8G=B
7F98=H@CGG9G5B8F97CJ9F=9G
7<5B;9G=BH<97CADCG=H=CB5B8G=N9C:CF8F98=HWGDF9G9BHDCFH:C@=C
7<5B;9G=B
HF9B8G=B<=GHCF=75@IG98J9<=7@9J5@I9G
5B87<5B;9G=B:CFK5F8@CC?=B;A57FC97CBCA=77CB8=H=CBGCF
588=H=CB5@=B:CFA5H=CB
F9:9FHCH<9XF=H=75@77CIBH=B;GH=A5H9G@@CK5B79:CFF98=H%CGG9GYG97H=CBC:"H9A
C:)5FH""C:CIFCFA$+9DCFH
J 0,>0%0>4/@,7
\ %95G9F9G=8I5@A95GIF9G7<5B;9GHCF9G=8I5@D9F:CFA5B795HDF=CFD9F=C89L7<5B;9F5H9GCF5B5@MG=G
DIFDCG9G
A5B5;9A9BHGD@=HGF9G=8I5@D9F:CFA5B79DF=A5F=@M=BHCF9G=8I5@;5=BG5B8@CGG9G
5B8H<97<5B;9=B
577IAI@5H98GIDD@9A9BH5@89DF97=5H=CB
\ +9G=8I5@;5=B5B8@CGG7<5B;9G5F9DF=A5F=@M8F=J9B6MH<9BIA69FC:J9<=7@9GF9HIFB98HCCF8F98=H5B8GC@8

5B8H<98=::9F9B7969HK99BH<95I7H=CBJ5@I95B8H<989DF97=5H98J5@I9K<=7<=B7@I89G6CH<65G95B8
577IAI@5H98GIDD@9A9BH5@89DF97=5H=CBC:H<9J9<=7@9GGC@8<5B;9G=B577IAI@5H98GIDD@9A9BH5@
89DF97=5H=CB5F9DF=A5F=@M8F=J9B6M7<5B;9G=BCF8F98=HWG9GH=A5H9C:H<99LD97H985I7H=CBJ5@I95HH<99B8C:
H<9@95G9H9FA
5B87<5B;9G=BCF8F98=HWG9GH=A5H9C:H<9BIA69FC:J9<=7@9GH<5HK=@@69F9HIFB98HC=H5B8GC@8
CF588=H=CB5@=B:CFA5H=CB
F9:9FHCH<9XF=H=75@77CIBH=B;GH=A5H9G77IAI@5H989DF97=5H=CBCB/9<=7@9G
,I6>97HHC(D9F5H=B;%95G9GYG97H=CBC:"H9AC:)5FH""C:CIFCFA$+9DCFH
Z C.3,920
\ +9:@97HG7<5B;9G=B-8F=J9B6MH<99::97HGC:7CBJ9FH=B;:IB7H=CB5@7IFF9B7M=B7CA9HC.,8C@@5FG
J "?30=
\ )F=A5F=@M=B7@I89GCD9F5H=B;9LD9BG9G
CH<9FF9J9BI9
=BGIF5B799LD9BG9G
5B8CH<9F=B7CA95HDF=CFD9F=C8
9L7<5B;9F5H9G
\ <5B;9G=BCD9F5H=B;9LD9BG9G5F9DF=A5F=@M8F=J9B6MG5@5F=98D9FGCBB9@7CGHG
:57=@=H=9G7CGHG
5B87CGHG
5GGC7=5H98K=H<H<9CF=;=B5H=CB5B8G9FJ=7=B;C:7IGHCA9F7CBHF57HG
\ "B;9B9F5@
CH<9F=B7CA97<5B;9G5F9DF=A5F=@M8F=J9B6M7<5B;9G=B95FB=B;GF9@5H98HCA5F?9HJ5@I5H=CB
58>IGHA9BHGHC89F=J5H=J9GDF=A5F=@MF9@5H98HCACJ9A9BHG=B=BH9F9GHF5H9G5B8CH<9FA=G79@@5B9CIG=H9AG

?08 ,9,20809?G>4>.@>>4:9,9/9,7D>4>:149,9.4,7:9/4?4:9,9/%0>@7?>:1";0=,?4:9>:9?49@0/
"B588=H=CB
H<9:C@@CK=B;89:=B=H=CBG5B875@7I@5H=CBG5DD@MHCCF8F98=HK<9BIG98=BH<=G+9DCFH
Z ,>35GG<CKB=BH<9IB8=B;5B8%=EI=8=HM5B8%9J9F5;9G97H=CBGU5G<
75G<9EI=J5@9BHG
5B8A5F?9H56@9
G97IF=H=9G
9L7@I8=B;5ACIBHGF9@5H98HC=BGIF5B7957H=J=H=9G
Z 0-?5GG<CKB=BH<9$9M&9HF=7G5B8%9J9F5;9H56@9GU96HCBCF8F98=HWG65@5B79G<99HG"B7@I89G896H
=GGI98=BG97IF=H=N5H=CBG5B8D5M56@9CB@MCIHC:7C@@97H=CBGCBH<9IB89F@M=B;G97IF=H=N985GG9HG5B8F9@5H98
9B<5B79A9BHGCF8F98=H<C@8GH<9F=;<HHCF979=J9H<99L79GG75G<:@CKGBCHB99898HCD5MH<9896H=GGI986M

5B8CH<9FC6@=;5H=CBGC:
H<9G97IF=H=N5H=CB9BH=H=9GH<5H5F9D5FH=9GHCH<CG9G97IF=H=N5H=CBHF5BG57H=CBG
Z ,=9492>01:=0',C0>'U+9:@97HGCF8F98=HWG=B7CA969:CF9=B7CA9H5L9G
Z %0?@=9:9<@4?D%"5GG<CKB=BH<9$9M&9HF=7GH56@9U+9:@97HGF9HIFBCB9EI=HM75@7I@5H986M5BBI5@=N=B;B9H
=B7CA9:CFH<9D9F=C85B88=J=8=B;6MACBH<@M5J9F5;99EI=HM:CFH<9D9F=C8
Z &0.@=4?4E,?4:9,9/%0>?=4.?0/,>35GG<CKB=BH<9%=EI=8=HMH56@9U,97IF=H=N5H=CB75G<<9@8:CFH<969B9:=HC:H<9
G97IF=H=N5H=CB=BJ9GHCFG:CF9L5AD@9
5F9G9FJ9:IB8+9GHF=7H9875G<DF=A5F=@M=B7@I89G75G<<9@8HCA99H79FH5=B
@C75@;CJ9FBA9BH5@5B8F9;I@5HCFMF9G9FJ9F9EI=F9A9BHG5B875G<<9@8IB89FH<9H9FAGC:79FH5=B7CBHF57HI5@
5;F99A9BHG
Z &0.@=4?4E,?4:9>5GG<CKB=BH<9)I6@=7-9FAIB8=B;)@5BH56@9U)I6@=7G97IF=H=N5H=CBHF5BG57H=CBG
+I@9
C::9F=B;GGDCBGCF986MCF8F98=H
5B8K=89@M8=GHF=6IH98C::9F=B;G6MCF8F98=H5B585
Z '0=8>>0?,.60/&0.@=4?40>5GG<CKB=BH<9IB8=B;,HFI7HIF9H56@9U(6@=;5H=CBG=GGI98=BG97IF=H=N5H=CB
HF5BG57H=CBGH<5H5F9D5M56@9CB@MCIHC:7C@@97H=CBGCBH<9IB89F@M=B;G97IF=H=N985GG9HG5B8F9@5H989B<5B79A9BHG
Z ':?,7!0?%0.04A,-70>5GG<CKB=BH<9$9M&9HF=7G5B8CF8F98=H'9H+979=J56@9G+97CB7=@=5H=CB-C&5B5;98
+979=J56@9GH56@9GU"B7@I89G:=B5B79F979=J56@9GF9H5=@:=B5B7=B;5B8K<C@9G5@9GC@8:CF@9;5@DIFDCG9G5B8B9H
=BJ9GHA9BH=BCD9F5H=B;@95G9G=B7@I898=BG97IF=H=N5H=CBHF5BG57H=CBGH<5H8CBCHG5H=G:MH<9F9EI=F9A9BHG:CF
577CIBH=B;G5@9HF95HA9BH-<9G9F979=J56@9G5B8CD9F5H=B;@95G9G5F9F9DCFH98CBCF8F98=HWG65@5B79G<99H5B8
5F95J5=@56@9CB@M:CFD5MA9BHC:H<9896H=GGI986M
H<9G97IF=H=N5H=CB9BH=H=9GH<5H5F9D5FH=9G
HCH<CG9G97IF=H=N5H=CBHF5BG57H=CBGH<9M5F9BCH5J5=@56@9HCD5MH<9CH<9FC6@=;5H=CBGC:CF8F98=HCFH<97@5=AGC:
CF8F98=HWGCH<9F7F98=HCFG
;><;>-@1"@41>
75G<
9EI=J5@9BHG
89@=J9F=B;69B9:=HCB69<5@:C:
H<9;@C65@9BH9FDF=G9
5B8DFCACH=B;H<9
CAD5BMWG=BH9F9GHGCF:I@@M95F
CFDCF5H9(H<9F<585A=@@=CB@CGG
7CAD5F98K=H<5A=@@=CB@CGG=B
-<9M95FCJ9FM95F=ADFCJ9A9BHK5G8F=J9B6MA5F?HCA5F?9H;5=BGCBCIF=BJ9GHA9BHG
D5FH=5@@MC::G9H6M@CK9F
=BH9F9GH=B7CA9
:@1>1?@;:1.@
"BH9F9GHCB96H7CBG=GHGC:=BH9F9GH9LD9BG9CBIHCACH=J95B8(H<9F896H(IF:I@@M95F=BH9F9GH9LD9BG9CB
IHCACH=J95B8(H<9F896HK5G
A=@@=CB
A=@@=CB<=;<9FH<5B=B
ACF9H<5B9LD@5=B986M<=;<9F.,896H
=BH9F9GH9LD9BG9
'-D1?
(IF#=:A4>4:91:=09014?1=:849.:80?,C0>:CF:I@@M95FK5G5A=@@=CBDFCJ=G=CB
F9GI@H=B;=B5B9::97H=J9
H5LF5H9C:B9;5H=J9-<=G=B7@I89G9LD9BG9GHC9GH56@=G<6=@@=CBC:J5@I5H=CB5@@CK5B79GDF=A5F=@M5;5=BGH.,
H5L7F98=HGF97CF8985G89:9FF98H5L5GG9HG
(IF:I@@M95F58>IGH989::97H=J9H5LF5H9
K<=7<9L7@I89GGD97=5@=H9AG
K5GB9;5H=J9

?08 ,9,20809?G>4>.@>>4:9,9/9,7D>4>:149,9.4,7:9/4?4:9,9/%0>@7?>:1";0=,?4:9>:9?49@0/
%&('&""#%'"!&

'9H=B7CA95HHF=6IH56@9HCCF8&CHCFCAD5BMK5GA=@@=CB=BCAD5BM58>IGH98"-K5G
A=@@=CB
'9H=B7CA9=B7@I89G79FH5=B=H9AGXGD97=5@=H9AGYH<5H5F99L7@I898:FCACAD5BM58>IGH98"--<9G9=H9AG5F9
8=G7IGG98=BACF989H5=@=B'CH9C:H<9'CH9GHCH<9=B5B7=5@,H5H9A9BHG09F9DCFHGD97=5@=H9AGG9D5F5H9@MHC5@@CK
=BJ9GHCFG5B5@MN=B;CIFF9GI@HGHC=89BH=:M79FH5=B=B:F9EI9BHG=;B=:=75BH=H9AGH<5HH<9MA5MK=G<HC9L7@I89K<9B
7CBG=89F=B;H<9HF9B8C:CB;C=B;CD9F5H=B;F9GI@HG(IFDF9H5L5B8H5LGD97=5@=H9AGK9F95G:C@@CKG=BA=@@=CBG

8;.-8%101?53:
IFCD99L7@+IGG=5

"B8=5 V
,CIH<A9F=75
+IGG=5 V
<=B5 V
,9D5F5H=CBG5B8(H<9FBCH=B7@I89856CJ9
,I6HCH5@ @C65@+989G=;B

"@41>@19?
C7IG75B79@@5H=CB
(H<9F
=B7@I8=B;-F5BG=HCBB97H7IGHCAGFI@=B;5B8<5F=CH
,I6HCH5@(H<9F"H9AG
#1:?5;:-:0"#-5:;??
)9BG=CB5B8()F9A95GIF9A9BH

)9BG=CB7IFH5=@A9BH
,I6HCH5@)9BG=CB5B8() 5=B %CGG

-CH5@"-,D97=5@"H9AG

5G<9::97HC: @C65@+989G=;B=B7@G9D5F5H=CBG
)FCJ=G=CB:CF 9B9:=H:FCAH5LGD97=5@=H9AG5

4444444444
5 "B7@I89GF9@5H98H5L9::97HCBGD97=5@=H9AG5B8H5LGD97=5@=H9AG
09F97CF8986=@@=CBC:GD97=5@=H9A7<5F;9G=B7H=CBGF9@5H98HCCIF @C65@+989G=;B577CIBH98:CF

6=@@=CBC:H<9GD97=5@=H9AG
=B7@I8=B;IFCD95BF9GHFI7HIF=B;
K=H<75G<9::97HGC:A=@@=CB,D97=5@=H9A7<5F;9G
5@GC=B7@I8986=@@=CB:CFD9BG=CB5B8()F9A95GIF9A9BH@CGG9G-<9F9A95GIF9A9BH@CGG8=8BCH<5J95B=AD57H
CBCIF75G<=B
"B'CH9C:H<9'CH9GHCH<9=B5B7=5@,H5H9A9BHG
GD97=5@=H9AG5F9F9:@97H985G5G9D5F5H9F97CB7=@=B;=H9A
5G
CDDCG98HC69=B;5@@C75H985ACB;H<9IHCACH=J9
&C6=@=HM
5B8CF8F98=HG9;A9BHG-<=GF9:@97HGH<9:57HH<5H
A5B5;9A9BH9L7@I89GH<9G9=H9AG:FCA=HGF9J=9KC:CD9F5H=B;G9;A9BHF9GI@HG:CFDIFDCG9GC:A95GIF=B;G9;A9BH
DFC:=H56=@=HM5B85@@C75H=B;F9GCIF79G

?08 ,9,20809?G>4>.@>>4:9,9/9,7D>4>:149,9.4,7:9/4?4:9,9/%0>@7?>:1";0=,?4:9>:9?49@0/
" #!,, '%&
-<9H56@969@CKG<CKGCIF:I@@M95F?9MA9HF=7G:CFH<9CAD5BM7CAD5F98K=H<:I@@M95F

#5:-:/5-8 1-?A>1?
5G<@CKG:FCA(D9F5H=B;7H=J=H=9G
+9J9BI9&

'9H"B7CA9&

'9H"B7CA9&5F;=B DDHG
),=@IH98
!;:#5:-:/5-8 1-?A>1?-
CAD5BM8>F995G<@CK V
CAD5BM8>"-&

CAD5BM8>"-&5F;=B DDHG
8>IGH98),=@IH98
8>IGH98+("-F5=@=B;CIF*HFG DDHG
4444444444
5 ,99'CB )=B5B7=5@&95GIF9+97CB7=@=5H=CBGG97H=CB:CFF97CB7=@=5H=CBHC )
CF:I@@M95F
F9J9BI9K5G8CKBD9F79BH
CFD9F79BH9L7@I8=B;H<9=AD57HC:9L7<5B;9
HC6=@@=CB
"B
CIF8=@IH9895FB=B;GD9FG<5F9C:CAACB5B8@5GG,HC7?K5G5B8CIF8=@IH9858>IGH9895FB=B;G
D9FG<5F9K5G
'9H=B7CA9A5F;=BK5GD9F79BH=B
8CKB:FCAD9F79BH=BCAD5BM58>IGH98"-A5F;=BK5G
D9F79BH=B
8CKB:FCAD9F79BH=B
-<9H56@969@CKG<CKGCIF:I@@M95FB9H=B7CA95HHF=6IH56@9HCCF85B8CAD5BM58>IGH98"-6MG9;A9BH=B
A=@@=CBG

IHCACH=J9

&C6=@=HM

CF8F98=H

CFDCF5H9(H<9F
CAD5BM8>IGH98"-5

"BH9F9GHCB96H

,D97=5@"H9AG

-5L9G 'CB7CBHFC@@=B;"BH9F9GHG

'9H"B7CA9 %CGG

4444444444
5 ,99!:9#49,9.4,7 0,>@=0%0.:9.474,?4:9>G97H=CB:CFF97CB7=@=5H=CBHC )
-<96=@@=CBM95FCJ9FM95F897@=B9=BB9H=B7CA9=B=GACF9H<5B9LD@5=B986MH<96=@@=CBC:GD97=5@=H9A

7<5F;9G8=G7IGG98=BACF989H5=@56CJ9IB89FX+9GI@HGC:(D9F5H=CBGY
CAD5BM58>IGH98"-897F95G9856CIHD9F79BH=B7CAD5F98K=H<
8F=J9B6M<=;<9F=BJ9GHA9BHG=B
&C6=@=HM5B8@CK9FIHCACH=J9"-
C::G9HD5FH=5@@M6M=ADFCJ98CF8F98=H-

?08 ,9,20809?G>4>.@>>4:9,9/9,7D>4>:149,9.4,7:9/4?4:9,9/%0>@7?>:1";0=,?4:9>:9?49@0/
A@;9;@5B1&1391:@
-<9H56@969@CKG<CKGCIF:I@@M95FIHCACH=J9G9;A9BH"-6M6IG=B9GGIB=H=BA=@@=CBG

'CFH<A9F=75

,CIH<A9F=75
IFCD9
<=B5=B7@I8=B;-5=K5B

IHCACH=J9,9;A9BH

-<9H56@9G69@CK5B8CBH<9:C@@CK=B;D5;9GDFCJ=89:I@@M95F?9MA9HF=7G5B8H<97<5B;9=B:I@@M95F"-
7CAD5F98K=H<:I@@M95F6M75IG5@:57HCF:CFCIFIHCACH=J9G9;A9BH5B8=HGF9;=CB5@6IG=B9GGIB=HGCF5
89G7F=DH=CBC:H<9G975IG5@:57HCFG
G9901494?4:9>,9/91:=8,?4:9%02,=/492@?:8:?4A0,@>,7,.?:=>

1E 1@>5/?
&5F?9H,<5F9 DDHG
0<C@9G5@9.B=HG

+9J9BI9&

"-&

"-&5F;=B DDHG
4-:315:'.E-A?-8-/@;>5:95885;:?
I@@295F"-

/C@IA9 &=L
'9H)F=7=B;

CGH

L7<5B;9
(H<9F

A88,1->'
"B
K<C@9G5@9G=BCIFIHCACH=J9G9;A9BH897@=B98
IB=HGM95FCJ9FM95F
F9:@97H=B;897F95G9G=B957<
6IG=B9GGIB=H
K<=@9IHCACH=J9F9J9BI9K5G8CKBD9F79BH:FCA
(IF:I@@M95FIHCACH=J9G9;A9BH"-K5G6=@@=CB
8CKBA=@@=CB:FCA
5B8"-A5F;=BK5G
D9F79BH5JCF56@9A=LK5GACF9H<5BC::G9H6MH<9=AD57HC:@CK9FJC@IA9
=B7@I8=B;H<99::97HGC:B9KDFC8I7H
@5IB7<9G09<58<=;<9FB9HDF=7=B;57FCGGACGH6IG=B9GGIB=HGCGHGK9F9<=;<9F
8F=J9B6M<=;<9FA5H9F=5@5B8
K5FF5BHM7CGHG
K<=@9GHFI7HIF5@7CGHG
9L7@I8=B;D9BG=CB5B8()
K9F9@CK9F
DF=A5F=@M5G5F9GI@HC:=ADFCJ98:=HB9GG
5B8;@C65@F989G=;B57H=CBGL7<5B;9K5GIB:5JCF56@9
5B8CH<9F58J9FG9=AD57HG=B7@I898.07CBHF57HF5H=:=75H=CB
7CGHG

?08 ,9,20809?G>4>.@>>4:9,9/9,7D>4>:149,9.4,7:9/4?4:9,9/%0>@7?>:1";0=,?4:9>:9?49@0/
!;>@491>5/-

1E 1@>5/?
&5F?9H,<5F9 DDHG
0<C@9G5@9.B=HG

+9J9BI9&

"-&

"-&5F;=B DDHG
4-:315:'.E-A?-8-/@;>5:95885;:?
I@@295F"-

/C@IA9 &=L
'9H)F=7=B;

CGH

L7<5B;9
(H<9F

A88,1->'

"B'CFH<A9F=75
K<C@9G5@9G897@=B98D9F79BH:FCA
8F=J9B6MH<9=AD57HC:A5>CFDFC8I7H@5IB7<9G
I@@M95FF9J9BI9=B7F95G98D9F79BHM95FCJ9FM95F
8F=J9B6M=ADFCJ98A=L5B8<=;<9FB9HDF=7=B;
C::G9HD5FH=5@@M
6M@CK9FJC@IA9
'CFH<A9F=75WG"-897F95G98D9F79BH:FCAK=H<5B"-A5F;=BC:D9F79BH
8F=J9B6M.0
7CBHF57HF9@5H986CBIG9G
<=;<9FK5FF5BHM9LD9BG9G
5B8@CK9FK<C@9G5@9G!=;<9FB9HDF=7=B;5B8:5JCF56@9A=LK9F9
D5FH=5@C::G9HG
&;A@491>5/-

1E 1@>5/?
&5F?9H,<5F9 DDHG
0<C@9G5@9.B=HG
+9J9BI9&

"-&
"-&5F;=B DDHG
4-:315:'.E-A?-8-/@;>5:95885;:?
I@@295F"-
/C@IA9 &=L
'9H)F=7=B;
CGH
L7<5B;9
(H<9F

A88,1->'
"B,CIH<A9F=75
8F=J9B6MH<98=G7CBH=BI5H=CBC:<95JMHFI7?G

=9GH5
5B8C7IGI@@M95FF9J9BI9897@=B98D9F79BHM95FCJ9FM95F
8F=J9B6M@CK9FJC@IA95B858J9FG9
9L7<5B;9
,CIH<A9F=75WG"-@CGGC:A=@@=CBK5GD9F79BH<=;<9FH<5B=B
8F=J9B6M@CK9FK<C@9G5@9G

?08 ,9,20809?G>4>.@>>4:9,9/9,7D>4>:149,9.4,7:9/4?4:9,9/%0>@7?>:1";0=,?4:9>:9?49@0/
A>;<1

1E 1@>5/?
&5F?9H,<5F9 DDHG
0<C@9G5@9.B=HG5

+9J9BI9&

"-&
"-&5F;=B DDHG
444444444
5 "B7@I89GCF86F5B8J9<=7@9GDFC8I7985B8GC@86MCIFIB7CBGC@=85H985::=@=5H9=B-IF?9M56CIH
IB=HG=B5B8
IB=HG=B
F9J9BI98C9GBCH=B7@I89H<9G9G5@9G
4-:315:'.E-A?-8-/@;>5:95885;:?
I@@295F"-
/C@IA9 &=L
'9H)F=7=B;
CGH
L7<5B;9
(H<9F

A88,1->'

"BIFCD9
8F=J9B6M@CK9FG<5F9:FCAD@5BB9857H=CBGHC8F=J9;FCGG
A5F;=B5B8=ADFCJ9"-I@@M95FF9J9BI9897@=B98D9F79BHM95FCJ9FM95F
8F=J9B6M58J9FG99L7<5B;95B8
D@5BB98@CK9FG<5F9:FCACIF6IG=B9GGF989G=;B
IFCD9WG"-=ADFCJ98A=@@=CBM95FCJ9FM95F
8F=J9B6M<=;<9FB9HDF=7=B;5B8@CK9FGHFI7HIF5@7CGHG
45:-:/8A05:3'-5C-:

1E 1@>5/?
&5F?9H,<5F9 DDHG
0<C@9G5@9.B=HG5
+9J9BI9&

"-&

"-&5F;=B DDHG
45:-(:/;:?;850-@1022585-@1?
0<C@9G5@9.B=HG
CF8EI=HM"B7CA9 %CGG&
4444444444
5 0<C@9G5@9IB=HG=B7@I89CF86F5B85B8#&6F5B8J9<=7@9GDFC8I7985B8GC@8=B<=B56MCIFIB7CBGC@=85H985::=@=5H9GF9J9BI98C9GBCH=B7@I89
H<9G9G5@9G
4-:315:'.E-A?-8-/@;>5:95885;:?
I@@295F"-

/C@IA9 &=L
'9H)F=7=B;
CGH
L7<5B;9
(H<9F

A88,1->'
"B<=B5
8F=J9B6M@CK9F>C=BHJ9BHIF9JC@IA9GI@@M95F
7CBGC@=85H98F9J9BI9897@=B98D9F79BHM95FCJ9FM95F
8F=J9BDF=A5F=@M6M@CK9F7CADCB9BHG5@9GHCCIF>C=BHJ9BHIF9G
=B<=B55B8@CK9FJC@IA9
<=B5WG"-@CGGB5FFCK986MD9F79BHM95FCJ9FM95F
8F=J9B6M@CK9FGHFI7HIF5@7CGHG
:5JCF56@99L7<5B;9

@CK9FH5F=::G
5B8<=;<9FB9HDF=7=B;

?08 ,9,20809?G>4>.@>>4:9,9/9,7D>4>:149,9.4,7:9/4?4:9,9/%0>@7?>:1";0=,?4:9>:9?49@0/
:@1>:-@5;:-8 ->71@?>;A<

1E 1@>5/?
&5F?9H,<5F9 DDHG
0<C@9G5@9.B=HG
+9J9BI9&

"-&
"-&5F;=B DDHG
444444444
5 "B7@I89GCF86F5B8J9<=7@9GDFC8I7985B8GC@86MCIFIB7CBGC@=85H985::=@=5H9=B+IGG=556CIH
IB=HG=B5B8
IB=HG=B
+9J9BI95:H9F*8C9GBCH=B7@I89H<9G9G5@9G
4-:315:'.E-A?-8-/@;>5:95885;:?
I@@295F"-
/C@IA9 &=L
'9H)F=7=B;
CGH
L7<5B;9
(H<9F

A88,1->'
"BCIF"BH9FB5H=CB5@&5F?9HG FCID
8F=J9B6M@CK9FG<5F95B8
=B8IGHFMI@@M95FF9J9BI9897@=B98D9F79BHM95FCJ9FM95F
8F=J9B6M@CK9FJC@IA95B858J9FG99L7<5B;9
(IF"BH9FB5H=CB5@&5F?9HG FCIDWG"-K5GA=@@=CB@CK9FH<5B=B
K=H<5A=@@=CB@CGG8F=J9B6M
58J9FG99L7<5B;95B8@CK9FJC@IA95B8A=L
8F=J9B6M@CK9F=B8IGHFMJC@IA9-<958J9FG99L7<5B;9K5G8F=J9B6MH<9
IGHF5@=5B8C@@5F
,CIH<:F=75BF5B8
5B8-<5=65<H

?08 ,9,20809?G>4>.@>>4:9,9/9,7D>4>:149,9.4,7:9/4?4:9,9/%0>@7?>:1";0=,?4:9>:9?49@0/
;.585@E&1391:@
"BCIF&C6=@=HMG9;A9BH
CIF"-@CGGK5G6=@@=CB
5A=@@=CB<=;<9F@CGGH<5B=B(IFGHF5H9;=7
=BJ9GHA9BHG=B&C6=@=HM=B=B7F95G986MACF9H<5BD9F79BHM95FCJ9FM95F5GK97CBH=BI98HC9LD5B8CIF
75D56=@=H=9G=BAC6=@=HM5B85IHCBCACIGJ9<=7@9G
;>0>105@&1391:@
-<9H56@9G69@CKDFCJ=89:I@@M95F?9MA9HF=7G5B8H<97<5B;9=B:I@@M95F-7CAD5F98K=H<:I@@M95F
6M75IG5@:57HCF:CFH<9CF8F98=HG9;A9BH

#5:-:/5-8 1-?A>1?
-CH5@'9H+979=J56@9G
%CGGHC+979=J56@9G6DG5
I7H=CB/5@I9G6

-&

+( DDH
"@41>-8-:/1&411@ 1@>5/?
96H V
'9H%=EI=8=HM
=B5B7=5@,H5H9A9BH%9J9F5;9HC
4444444444
5 .,F9H5=@:=B5B7=B;CB@M
6 .,ACBH<C::@95G95I7H=CBJ5@I9G5H:I@@M95FA=L

!;:#5:-:/5-8 1-?A>1?
&5B5;98+979=J56@9G5
&5B5;98%9J9F5;9HC6
4444444444
5 ,99!:9#49,9.4,7 0,>@=0%0.:9.474,?4:9>G97H=CB:CFF97CB7=@=5H=CBHC )
6 ,994<@4/4?D,9/,;4?,7%0>:@=.0>F:=/=0/4?&02809?G97H=CB:CFF97CB7=@=5H=CBHC )
4-:315:'.E-A?-8-/@;>5:95885;:?
I@@295F-

/C@IA9 &=L
=B5B7=B;&5F;=B
F98=H%CGG
%95G9+9G=8I5@
L7<5B;9
(H<9F

A88,1->'
CF8F98=HWG@CGGA9HF=7G=BF9:@97H98<95@H<M5B8GH56@97CBGIA9F7F98=H7CB8=H=CBG
5B85I7H=CBJ5@I9G:CFC::
@95G9J9<=7@9GK9F9G@=;<H@M69HH9FH<5B9LD97H98+979=J56@9G5H979A69F
K9F9@CK9FM95FCJ9FM95F
CF8F98=H89@=J9F986=@@=CBC:-=B
5D9F79BH=B7F95G9:FCA
8F=J9B6M:5JCF56@9@95G9F9G=8I5@

7F98=H@CGG
5B889F=J5H=J9GD9F:CFA5B79

?08 ,9,20809?G>4>.@>>4:9,9/9,7D>4>:149,9.4,7:9/4?4:9,9/%0>@7?>:1";0=,?4:9>:9?49@0/
;><;>-@1"@41>
CF:I@@M95F
CFDCF5H9(H<9F<585A=@@=CB@CGG
7CAD5F98K=H<5A=@@=CB@CGG=B-<9M95F
CJ9FM95F=ADFCJ9A9BHK5G8F=J9B6M:5=FA5F?9HJ5@I958>IGHA9BHG
D5FH=5@@MC::G9H6M<=;<9F=BH9F9GH9LD9BG9CB=B7CA9
H5L9G
:@1>1?@;:1.@
(IF:I@@M95F=BH9F9GH9LD9BG9CBIHCACH=J95B8(H<9F896HK5G
A=@@=CB
K<=7<K5GA=@@=CB@CK9F
H<5B=B
ACF9H<5B9LD@5=B986M@CK9F:CF9=;B896H=BH9F9GH9LD9BG9
F9:@97H=B;CIFF9D5MA9BHC:<=;<9F7CGH5::=@=5H9
896H5B8H<99LH=B;I=G<A9BHC:CF8,C@@9FG896H
'-D1?
(IF#=:A4>4:91:=09014?1=:849.:80?,C0>:CF:I@@M95FK5G5A=@@=CB69B9:=H
F9GI@H=B;=B5B9::97H=J9H5L
F5H9C:-<=G=B7@I89G5CB9H=A969B9:=H5F=G=B;:FCAF9GHFI7HIF=B;=BCIFIFCD95BCD9F5H=CBG
(IF:I@@M95F58>IGH989::97H=J9H5LF5H9
K<=7<9L7@I89GGD97=5@=H9AG
K5G

?08 ,9,20809?G>4>.@>>4:9,9/9,7D>4>:149,9.4,7:9/4?4:9,9/%0>@7?>:1";0=,?4:9>:9?49@0/
$(',!#'%&"(%&
(/"<5G7F95H98G=;B=:=75BHJC@5H=@=HM=BH<9;@C65@97CBCAM
@98HCF98I79897CBCA=757H=J=HM
5B858J9FG9@M
5::97H98CIFCD9F5H=CBG=BH<9:=FGH<5@:C:&CF9CJ9F
CIFGIGD9BG=CBC:DFC8I7H=CB95F@=9FH<=GM95FDIHDF9GGIF9CB
CIFIHCACH=J9@=EI=8=HMM&5M
K9F9GH5FH98A5BI:57HIF=B;CD9F5H=CBG=B5D<5G98A5BB9F5H@C75H=CBG5FCIB8H<9
KCF@8-<FCI;<CIH
K9K9F9DFC57H=J9=BCIFF9GDCBG95B889ACBGHF5H988=G7=D@=B9=BH<9A5B5;9A9BHC:CIF65@5B79
G<99H097CBH=BI98HCA5=BH5=BGHFCB;@=EI=8=HMHC9BGIF9:=B5B7=5@:@9L=6=@=HM=BH<9G9IB79FH5=BH=A9G6M
5ACB;CH<9F
H<=B;G
8F5K=B;
9LH9B8=B;H<9A5HIF=HMC:
5B8GI6G9EI9BH@MF9D5M=B;CIF7CFDCF5H95B8GIDD@9A9BH5@F9JC@J=B;7F98=H
:57=@=H=9G5B8=GGI=B;6=@@=CBC:IBG97IF98896HG8=G7IGG98=BACF989H5=@69@CK
K99B898K=H<6=@@=CBC:
@=EI=8=HM5B86=@@=CBC:75G<
6CH<G=;B=:=75BH@M<=;<9FH<5BM95F9B8
097CBG=89FCIF?9M65@5B79G<99HA9HF=7GHC69=CAD5BM75G<
K<=7<=B7@I89G75G<9EI=J5@9BHG
A5F?9H56@9
G97IF=H=9G
5B8F9GHF=7H9875G<
9L7@I8=B;CF8F98=HWG75G<
75G<9EI=J5@9BHG
A5F?9H56@9G97IF=H=9G
5B8F9GHF=7H9875G<
5B8==CAD5BM@=EI=8=HM
K<=7<=B7@I89GCAD5BM75G<
@9GGF9GHF=7H9875G<
5B8HCH5@5J5=@56@97CAA=HH987F98=H@=B9G

9L7@I8=B;CF8F98=HWGHCH5@5J5=@56@97CAA=HH987F98=H@=B9G
;9<-:E1D/8A05:3;>0>105@
1/19.1>
1/19.1>

5@5B79,<99H
CAD5BM5G<
%=EI=8=HM
96H
5G<'9HC:96H
)9BG=CBIB898,H5HIG
IB898)@5BG
.B:IB898)@5BG
-CH5@ @C65@)9BG=CB
-CH5@IB898,H5HIG()
4<@4/4?D(B9C:CIF?9MDF=CF=H=9G=GHCA5=BH5=B5GHFCB;65@5B79G<99H
K<=@95HH<9G5A9H=A9<5J=B;F9GCIF79G
5J5=@56@9HC=BJ9GH=B5B8;FCKCIF6IG=B9GGH979A69F

K9<58CAD5BM75G<C:6=@@=CB
5B=B7F95G9
C:6=@@=CB7CAD5F98K=H<979A69F

DF=A5F=@M8I9HCCIFIBG97IF98896H=GGI5B79=BH<9G97CB8EI5FH9FC:

K=H<56CIHC:CAD5BM75G<<9@86M7CBGC@=85H989BH=H=9G8CA=7=@98=BH<9.B=H98,H5H9G-C69DF9D5F98:CF
5B97CBCA=78CKBHIFB
K9H5F;9H5BCB;C=B;CAD5BM75G<65@5B795HCF56CJ96=@@=CBD@IGG=;B=:=75BH588=H=CB5@
@=EI=8=HM56CJ9CIFCAD5BM75G<H5F;9H099LD97HHC<5J9D9F=C8GK<9BK9K=@@6956CJ9CF69@CKH<=G5ACIBH8I9HC
=:IHIF975G<:@CK9LD97H5H=CBG
GI7<5G:CF=BJ9GHA9BHG=B:IHIF9CDDCFHIB=H=9G
75D=H5@=BJ9GHA9BHG
896HA5HIF=H=9G

D9BG=CB7CBHF=6IH=CBG
CFF9GHFI7HIF=B;F9EI=F9A9BHG
==G<CFHH9FAH=A=B;8=::9F9B79G
5B8===7<5B;9G=BH<9;@C65@
97CBCA=79BJ=FCBA9BH
(IFCAD5BM75G<=BJ9GHA9BHGDF=A5F=@M=B7@I89.,9D5FHA9BHC:-F95GIFMC6@=;5H=CBG
:989F5@5;9B7MG97IF=H=9G

65B?H=A989DCG=HGK=H<=BJ9GHA9BH;F589=BGH=HIH=CBG
=BJ9GHA9BH;F5897CFDCF5H9G97IF=H=9G
=BJ9GHA9BH;F589
7CAA9F7=5@D5D9F
5B8896HC6@=;5H=CBGC:5G9@97H;FCIDC:BCB.,;CJ9FBA9BHG
BCB.,;CJ9FBA9BH5@5;9B7=9G
5B8
GIDF5B5H=CB5@=BGH=HIH=CBG-<95J9F5;9A5HIF=HMC:H<9G9=BJ9GHA9BHG=G5DDFCL=A5H9@MCB9M95F5B858>IGH9865G98CB
A5F?9H7CB8=H=CBG5B8@=EI=8=HMB998G09ACB=HCFCIFCAD5BM75G<@9J9@G5B85J9F5;9A5HIF=HMCB585=@M65G=G
H979A69F

K9<586=@@=CBC:CAD5BM@=EI=8=HM
5B=B7F95G9C:6=@@=CB:FCA
979A69F

DF=A5F=@M9LD@5=B986MCIF<=;<9F75G<65@5B79

?08 ,9,20809?G>4>.@>>4:9,9/9,7D>4>:149,9.4,7:9/4?4:9,9/%0>@7?>:1";0=,?4:9>:9?49@0/
3,920>49:8;,9D,>3"BA5B5;=B;CIF6IG=B9GG
K97@5GG=:M7<5B;9G=BCAD5BM75G<=BHCCD9F5H=B;5B8
BCBCD9F5H=B;=H9AG(D9F5H=B;=H9AG=B7@I89CAD5BM58>IGH98"-9L7@I8=B;CF8F98=H-
75D=H5@GD9B8=B;

89DF97=5H=CB5B8HCC@=B;5ACFH=N5H=CB
7<5B;9G=BKCF?=B;75D=H5@
CF8F98=H8=GHF=6IH=CBG
5B85@@CH<9F5B8H=A=B;
8=::9F9B79G'CBCD9F5H=B;=H9AG=B7@I89 @C65@+989G=;B=B7@I8=B;G9D5F5H=CBD5MA9BHG
7<5B;9G=BIHCACH=J95B8
(H<9F896H
7CBHF=6IH=CBGHC:IB898D9BG=CBD@5BG
G<5F9<C@89F8=GHF=6IH=CBG
5B8CH<9F=H9AG=B7@I8=B;57EI=G=H=CBG5B8
8=J9GH=HIF9G5B8CH<9FHF5BG57H=CBGK=H<CF8F98=H
0=H<F9GD97HHCX<5B;9G=BKCF?=B;75D=H5@
Y=B;9B9F5@K975FFMF9@5H=J9@M@CKIHCACH=J9G9;A9BHHF589F979=J56@9G
7CAD5F98K=H<CIFHF589D5M56@9G6975IG9H<9A5>CF=HMC:CIFIHCACH=J9K<C@9G5@9G5F9:=B5B798DF=A5F=@M6MCF8
F98=H=AA98=5H9@MIDCBH<9G5@9C:J9<=7@9GHC895@9FG
K<=7<;9B9F5@@MC77IFGG<CFH@M5:H9F69=B;DFC8I798"B7CBHF5GH

CIFIHCACH=J9HF589D5M56@9G5F965G98DF=A5F=@MCB=B8IGHFMGH5B85F8DFC8I7H=CBGIDD@=9FD5MA9BHH9FAGC:;9B9F5@@M
56CIH85MGG5F9GI@H
CIF75G<:@CKH9B8GHC=ADFCJ95GK<C@9G5@9JC@IA9G=B7F95G9
6IH75B89H9F=CF5H9K<9B
K<C@9G5@9JC@IA9GG<5FD@M897F95G9-<9GIGD9BG=CBC:DFC8I7H=CB5HACGHC:CIF5GG9A6@MD@5BHG95F@=9F=BH<9M95F
5B8@CK9F=B8IGHFMJC@IA9G8I9HC(/"F9GI@H98=B589H9F=CF5H=CBC:CIF75G<:@CK=BH<9G97CB8EI5FH9FC:

K<=@9H<9GI6G9EI9BHF9GIADH=CBC:A5BI:57HIF=B;CD9F5H=CBG5B8F9HIFBHCDF9(/"DFC8I7H=CB@9J9@G5HACGHC:
CIF5GG9A6@MD@5BHGF9GI@H98=B5B=ADFCJ9A9BHC:CIF75G<:@CK=BH<9H<=F8EI5FH9FC:J9B=BBCFA5@97CBCA=7
7CB8=H=CBG
<CK9J9F
H<9G9KCF?=B;75D=H5@65@5B79G;9B9F5@@M5F9GI6>97HHCG95GCB5@7<5B;9GH<5H75B=AD57H75G<:@CK
CF9L5AD@9
K9HMD=75@@M9LD9F=9B7975G<:@CKH=A=B;8=::9F9B79G5GGC7=5H98K=H<=BJ9BHCF=9G5B8D5M56@9G8I9HCCIF
5BBI5@GIAA9F5B8979A69FG<IH8CKBD9F=C8GK<9BDFC8I7H=CB
5B8H<9F9:CF9=BJ9BHCF=9G5B8K<C@9G5@9JC@IA9G
5F9
IGI5@@M5HH<9=F@CK9GH@9J9@G
K<=@9D5M56@9G7CBH=BI9HC7CA98I95B869D5=8-<9B9H=AD57HC:H<=GHMD=75@@MF9GI@HG=B
75G<CIH:@CKG:FCA7<5B;9G=BCIFKCF?=B;75D=H5@65@5B79G8IF=B;H<9G9G<IH8CKBD9F=C8G
:=B5B7=5@=BGH=HIH=CBC::9FG5GIDD@M7<5=B:=B5B79X,YDFC;F5AH<5H9B56@9GCIFGIDD@=9FG
5HH<9=FGC@98=G7F9H=CB

HCG9@@H<9=FCF8F979=J56@9G=9
CIFD5MA9BHC6@=;5H=CBGHCH<9GIDD@=9FGHCH<9:=B5B7=5@=BGH=HIH=CBCB5BCBF97CIFG9
65G=G=BCF89FHC69D5=895F@=9FH<5BCIFD5MA9BHH9FAGDFCJ=89(IFGIDD@=9FGWJC@IBH5FM=B7@IG=CBC:=BJC=79G=BH<9,
DFC;F5A<5GBC695F=B;CBCIFD5MA9BHH9FAG
H<95ACIBHGK9D5M
CFCIF@=EI=8=HM09<5J9BC97CBCA=7=BH9F9GH=B5
GIDD@=9FWG897=G=CBHCD5FH=7=D5H9=BH<9,DFC;F5A
5B8K9<5J9BC8=F97H:=B5B7=5@F9@5H=CBG<=DK=H<H<9,:=B5B7=5@
=BGH=HIH=CB&CF9CJ9F
K98CBCHDFCJ=895BM;I5F5BH99G=B7CBB97H=CBK=H<H<9,DFC;F5AGC:979A69F

H<9CIHGH5B8=B;5ACIBHC:CF8F979=J56@9GH<5HGIDD@=9FG9@97H98HCG9@@HCH<9,:=B5B7=5@=BGH=HIH=CBK5GA=@@=CB
-<95ACIBHG9HH@98H<FCI;<H<9,DFC;F5A8IF=B;K5GA=@@=CB
<5B;9G=BCAD5BM75G<9L7@I8=B;CF8F98=H5F9GIAA5F=N9869@CK=B6=@@=CBG
1/19.1>
1/19.1>
1/19.1>

CAD5BML7@I8=B;CF8F98=H
CAD5BM8>IGH98"-9L7@I8=B;CF8F98=H5
5D=H5@GD9B8=B;

'9HGD9B8=B;
+979=J56@9G
"BJ9BHCFM
-F589)5M56@9G
<5B;9G=BKCF?=B;75D=H5@
@@CH<9F5B8H=A=B;8=::9F9B79G
CAD5BM58>IGH98:F9975G<:@CK5
@C65@+989G=;B=B7@I8=B;G9D5F5H=CBG

<5B;9G=B896H
IB898D9BG=CB7CBHF=6IH=CBG
,<5F9<C@89F8=GHF=6IH=CBG
@@CH<9F=B7@I8=B;57EI=G=H=CBG5B88=J9GH=HIF9G
<5B;9=B75G<
4444444444
5 ,99!:9#49,9.4,7 0,>@=0%0.:9.474,?4:9>G97H=CB:CFF97CB7=@=5H=CBHC )
'CH9'IA69FGA5MBCHGIA8I9HCFCIB8=B;

?08 ,9,20809?G>4>.@>>4:9,9/9,7D>4>:149,9.4,7:9/4?4:9,9/%0>@7?>:1";0=,?4:9>:9?49@0/
(IF:I@@M95F!0?.,>3;=:A4/0/-D@>0/49:;0=,?492,.?4A4?40>K5GID6=@@=CBM95FCJ9FM95F
ACF9H<5B
9LD@5=B986M<=;<9FCF8F98=HCD9F5H=B;75G<:@CKGCAD5BM58>IGH98:F9975G<:@CKK5G8CKB6=@@=CBM95FCJ9F
M95F
ACF9H<5B9LD@5=B986M@CK9F58>IGH98"-8F=J9B6MH<9=AD57HC:H<9(/"D5B89A=7
5D=H5@GD9B8=B;K5G6=@@=CB=B
6=@@=CB@CK9FH<5B5M95F5;C-<9M95FCJ9FM95FF98I7H=CBF9:@97HG
IB5JC=856@989@5MG8I9HCH<9;@C65@D5B89A=7
5IGH9F=HMA95GIF9G=AD@9A9BH98=BF9GDCBG9HCH<96IG=B9GG
9BJ=FCBA9BH
5B87CBH=BI989::=7=9B7=9G5D=H5@GD9B8=B;HCGIDDCFHDFC8I7H89J9@CDA9BH
;FCKH<
5B8=B:F5GHFI7HIF9=G
9LD97H98HC69=BH<9F5B;9C:6=@@=CBHC6=@@=CB=B
I@@M95FKCF?=B;75D=H5@K5G6=@@=CBDCG=H=J9
9LD@5=B986M<=;<9FHF589D5M56@9G5B8@CK9FF979=J56@9G5B8
=BJ9BHCFMH<5B=B
I@@M95F5@@CH<9F5B8H=A=B;8=::9F9B79GK9F9B9;5H=J96=@@=CB
F9:@97H=B;5GGCFH98H=A=B;8=::9F9B79G
69HK99B577FI5@65G98"-5B8H<95GGC7=5H9875G<:@CKG9;
A5F?9H=B;=B79BH=J95B8K5FF5BHMD5MA9BHGHC895@9FG

=BH9F9GHD5MA9BHGCBIHCACH=J95B8(H<9F896H
5B875G<H5L9G
,<5F9<C@89F8=GHF=6IH=CBGK9F9A=@@=CB=B
5@@C:K<=7<K9F95HHF=6IH56@9HCCIFF9;I@5FEI5FH9F@M8=J=89B8=B
H<9:=FGHEI5FH9F
09DF9J=CIG@M5BBCIB798CIFD@5B:CFH<9;@C65@F989G=;BC:CIF6IG=B9GG
DIFGI5BHHCK<=7<K95F9KCF?=B;HCHIFB
5FCIB85IHCACH=J9CD9F5H=CBG
7CAD9H9@=?957<5@@9B;9F
5B875D=H5@=N9CBCIFGHF9B;H<G6M5@@C75H=B;ACF975D=H5@
ACF9
F9GCIF79G
5B8ACF9H5@9BHHCCIFGHFCB;9GH6IG=B9GG5B8J9<=7@9:F5B7<=G9G9;=BB=B;K=H<H<957H=CBGK9HCC?=B

K99LD97HCIF;@C65@F989G=;BHC<5J95DCH9BH=5@75G<9::97HC:56CIH6=@@=CB-<975G<9::97HF9@5H98HCCIF;@C65@
F989G=;B57H=J=H=9GK5G6=@@=CBH<FCI;<979A69F
5B8=G9LD97H98HC6956CIH6=@@=CBH<FCI;<
979A69F

G8=G7IGG98=BH<9H$9M-F9B8G5B87CBCA=757HCFG::97H=B;CF85B8H<9IHCACH=J9"B8IGHFMYG97H=CB56CJ9

CF8F5N=@WG897=G=CBHC9L=HA5BI:57HIF=B;CD9F5H=CBG=G9LD97H98HCF9GI@H=B7<5F;9GC:56CIH6=@@=CBH<5HK=@@69
D5=8=B75G<DF=A5F=@M=B"B588=H=CB
CF8C::9FG5DIF7<5G9DFC;F5A=B,CIH<A9F=75DIFGI5BHHCK<=7<A9A69FG
C:H<9DFC;F5AA5?9D5MA9BHGCJ9FACBH<GHCDIF7<5G979FH5=BCF8J9<=7@9G57<ACBH<
HKCJ9<=7@9G5F9
5@@C75H98HCA9A69FGC:957<;FCIDCF;FCIDGH<5HD@5BB98HCDIF7<5G9CF8J9<=7@9GH<5HK=@@BC@CB;9F695J5=@56@9
8I9HCCF8F5N=@9L=H=B;A5BI:57HIF=B;9;
CF8$5
CF8K=@@F9=A6IFG9
CFC::9F5B5@H9FB5H=J9DFC8I7H
HCH<9
A9A69FGK<C<5J9D5=8=BHCH<9DFC;F5A5B8<5J9BCHF979=J985J9<=7@9-<975G<=AD57H=B=G9LD97H98HC69
69HK99B6=@@=CB5B86=@@=CB
A,47,-70=0/4?490>-CH5@CAD5BM7CAA=HH987F98=H@=B9G
9L7@I8=B;CF8F98=H
5H979A69F
K9F9
6=@@=CB
7CBG=GH=B;C:6=@@=CBC:CIF7CFDCF5H97F98=H:57=@=HM
6=@@=CBC:CIFGIDD@9A9BH5@F9JC@J=B;7F98=H:57=@=HM

6=@@=CBC:CIF89@5M988F5KH9FA@C5B:57=@=HM
5B86=@@=CBC:@C75@7F98=H:57=@=H=9G"BH<9:=FGHEI5FH9FC:
K9
GI6A=HH986CFFCK=B;BCH=79GHCCIF@9B89FG:CFH<9:I@@5ACIBHGC:6CH<CIF7CFDCF5H97F98=H:57=@=HM5B8CIFGIDD@9A9BH5@
F9JC@J=B;7F98=H:57=@=HM
5B86MH<9H<=F8EI5FH9FC:
K9F9D5=8H<9:I@@5ACIBHGCIHGH5B8=B;IB89F957<:57=@=HMH
979A69F

H<9IH=@=N98DCFH=CBC:H<97CFDCF5H97F98=H:57=@=HMK5GA=@@=CB
F9DF9G9BH=B;5ACIBHGIH=@=N98:CF
@9HH9FGC:7F98=H
5B8BCDCFH=CBC:H<9GIDD@9A9BH5@F9JC@J=B;7F98=H:57=@=HMK5GIH=@=N98-<96=@@=CB89@5M988F5K
H9FA@C5B:57=@=HMK5G8F5KB=B:I@@=B5B8F9A5=BGCIHGH5B8=B;"B588=H=CB
6=@@=CBC:7CAA=HH98CAD5BM7F98=H
@=B9G
9L7@I8=B;CF8F98=H
K5G5J5=@56@9IB89F@C75@7F98=H:57=@=H=9G:CFCIF5::=@=5H9G5GC:979A69F

%9B89FGIB89FCIF7CFDCF5H97F98=H:57=@=HM<5J96=@@=CBC:7CAA=HA9BHGA5HIF=B;CBDF=@

6=@@=CBC:
7CAA=HA9BHGA5HIF=B;CB#I@M

5B86=@@=CBC:7CAA=HA9BHGA5HIF=B;CBDF=@
%9B89FGIB89FCIF
GIDD@9A9BH5@F9JC@J=B;7F98=H:57=@=HM<5J96=@@=CBC:7CAA=HA9BHGA5HIF=B;CBDF=@
5B86=@@=CBC:

-<97CFDCF5H97F98=H:57=@=HM=GIBG97IF985B8:F99C:A5H9F=5@58J9FG97<5B;97CB8=H=CBGHC6CFFCK=B;
F9GHF=7H=J9
:=B5B7=5@7CJ9B5BHG:CF9L5AD@9
=BH9F9GHCF:=L987<5F;97CJ9F5;9F5H=C
896HHC9EI=HMF5H=C
5B8A=B=AIAB9HKCFH<
F9EI=F9A9BHG
5B87F98=HF5H=B;HF=;;9FGH<5H7CI@8@=A=HCIF56=@=HMHCC6H5=B:IB8=B;CFHF=;;9F95F@MF9D5MA9BH-<9
7CFDCF5H97F98=H:57=@=HM7CBH5=BG5@=EI=8=HM7CJ9B5BHH<5HF9EI=F9GIGHCA5=BH5=B5A=B=AIAC:6=@@=CB=B5;;F9;5H9C:
8CA9GH=775G<
75G<9EI=J5@9BHG
5B8@C5B985B8A5F?9H56@9G97IF=H=9G5B8 CF5J5=@56=@=HMIB89FH<9:57=@=HMIFH<9F
H<9
H9FAGC:H<97CFDCF5H95B8GIDD@9A9BH5@F9JC@J=B;7F98=H:57=@=H=9GDFC<=6=HG<5F9F9DIF7<5G9GK=H<@=A=H989L79DH=CBG
K<=@95BMDCFH=CBC:9=H<9F:57=@=HM=GCIHGH5B8=B;5B8H<9D5MA9BHC:8=J=89B8GCBCIF7CAACBCF@5GGGHC7?K<=@9
ACF9H<5BC:H<95;;F9;5H95ACIBHC:7CAA=HA9BHGIB89FH<9HKC:57=@=H=9G=GIH=@=N98-<9H9FAG5B87CB8=H=CBGC:
H<989@5M988F5KH9FA@C5BCH<9FH<5BH<9F9GHF=7H=CBGCBG<5F9F9DIF7<5G9G5B88=J=89B8G5B8H<9GIDD@9A9BH5@
F9JC@J=B;7F98=H:57=@=HM5F97CBG=GH9BHK=H<CIF7CFDCF5H97F98=H:57=@=HM

?08 ,9,20809?G>4>.@>>4:9,9/9,7D>4>:149,9.4,7:9/4?4:9,9/%0>@7?>:1";0=,?4:9>:9?49@0/
57<C:H<97CFDCF5H97F98=H:57=@=HM
GIDD@9A9BH5@F9JC@J=B;7F98=H:57=@=HM
89@5M988F5KH9FA@C5B
5B8CIF%C5B
FF5B;9A9BH5B8+9=A6IFG9A9BH;F99A9BHK=H<H<9.,9D5FHA9BHC:B9F;MH<9X(Y=B7@I8957CJ9B5BHH<5H
F9EI=F9GIGHCDFCJ=89;I5F5BH99G:FCA79FH5=BC:CIFGI6G=8=5F=9G=BH<99J9BHH<5HCIFG9B=CF
IBG97IF98
@CB;H9FA896H
8C9GBCHA5=BH5=B5H@95GHHKC=BJ9GHA9BH;F589F5H=B;G:FCA=H7<
&CC8MWG
5B8,)-<9:C@@CK=B;GI6G=8=5F=9G<5J9
DFCJ=898IBG97IF98;I5F5BH99GHCH<9@9B89FGIB89FH<97F98=H:57=@=H=9G5B8HCH<9(CF8CADCB9BH,5@9G
%%
CF8IFCD95B!C@8=B;G%%CF8 @C65@-97<BC@C;=9G
%%CF8!C@8=B;G%%H<9D5F9BH7CAD5BMC:CF8F98=H
CF8"BH9FB5H=CB5@5D=H5@%%CF8&9L=7C!C@8=B;G%%CF8&CHCF,9FJ=79CAD5BMCF8,A5FH&C6=@=HM%%5B8
CF8-F58=B;CAD5BM
%%
IF=B;
CF8&CHCFCAD5BM%=A=H98
CIFCD9F5H=B;GI6G=8=5FM=BH<9.B=H98$=B;8CAXCF8C:F=H5=BY
9BH9F98
=BHC
5B88F9K=B:I@@
5OA=@@=CBH9FA@C5B7F98=H:57=@=HMK=H<5GMB8=75H9C:65B?GHCGIDDCFHCF8C:F=H5=BWG;9B9F5@
9LDCFH57H=J=H=9G77CF8=B;@M
.$LDCFH=B5B79X.$YDFCJ=8985OA=@@=CB;I5F5BH99C:H<97F98=H:57=@=HMIB89F
=HGLDCFH9J9@CDA9BH I5F5BH99G7<9A9
K<=7<GIDDCFHG<=;<J5@I97CAA9F7=5@@9B8=B;HC.$9LDCFH9FG09<5J9
5@GC;I5F5BH998CF8C:F=H5=BWGC6@=;5H=CBGIB89FH<97F98=H:57=@=HMHCH<9@9B89FGGC:979A69F

H<9:I@@
OA=@@=CBF9A5=B98CIHGH5B8=B;-<=G:=J9M95F
BCB5ACFH=N=B;@C5BA5HIF9GCB#IB9

0-?GG<CKB=B'CH9C:H<9'CH9GHCH<9=B5B7=5@,H5H9A9BHG
5H979A69F

CAD5BM896H9L7@I8=B;
CF8F98=HK5G6=@@=CB
=B7@I8=B;IHCACH=J9896HC:6=@@=CB-<9G9979A69F
65@5B79GK9F9
6=@@=CB5B86=@@=CB
F9GD97H=J9@M
<=;<9FH<5B5H979A69F

DF=A5F=@MF9:@97H=B;CIF6=@@=CBIBG97IF98
896H=GGI5B79=BDF=@
"/A,9.0/'0.39:7:2D)034.70 ,9@1,.?@=0=H') I9.09?4A0#=:2=,8,99'CH9C:H<9'CH9GHCH<9

=B5B7=5@,H5H9A9BHG:CF=B:CFA5H=CBF9;5F8=B;H<9-/&@C5B
0A0=,2009A5B5;9CAD5BM896H9L7@I8=B;CF8F98=H@9J9@GK=H<5@9J9F5;9:F5A9KCF?H<5HH5F;9HG
=BJ9GHA9BH;F5897F98=HF5H=B;GH<FCI;<5BCFA5@6IG=B9GG7M7@9<CK9J9F
8IF=B;H<9G9IB79FH5=BH=A9G
K9<5J9
=B7F95G98CIF896H65@5B795B8DF=CF=H=N9857H=CBGH<5HDF9G9FJ9CF=ADFCJ9CIF75G<65@5B79-<9@9J9F5;9:F5A9KCF?
=B7@I89G5F5H=CC:HCH5@7CAD5BM896H9L7@I8=B;CF8F98=H
IB89F:IB898D9BG=CB@=56=@=H=9G
CD9F5H=B;@95G9G
5B8CH<9F
58>IGHA9BHG
8=J=8986MCAD5BM58>IGH98"-9L7@I8=B;CF8F98=H-
5B8:IFH<9F58>IGH98HC9L7@I89
89DF97=5H=CB5B8HCC@=B;5ACFH=N5H=CB9L7@I8=B;CF8F98=H
CF8F98=HWG@9J9F5;9=G75@7I@5H985G5G9D5F5H96IG=B9GG5G89G7F=698=BH<9%=EI=8=HMCF8F98=H,9;A9BH
G97H=CBC:"H9ACF8F98=H=GG9@::IB8=B;5B8=HG896H
K<=7<=GIG98HC:IB8=HGCD9F5H=CBG
=GG9D5F5H9:FCACIF
IHCACH=J95B8(H<9F896H
;>0>105@&1391:@
CF8F98=H9B898K=H<6=@@=CBC:@=EI=8=HMIF=B;H<9M95F

CF8F98=H7CAD@9H986=@@=CBC:DI6@=7H9FA
:IB8=B;
$9M9@9A9BHGC:CF8F98=HWG:IB8=B;GHF5H9;M=B7@I89
&5=BH5=BGHFCB;@=EI=8=HM7CBH=BI9HCF9B9K5B89LD5B87CAA=HH98,75D57=HM
Z )FI89BH@M5779GGDI6@=7A5F?9HG
Z @9L=6=@=HMHC=B7F95G9,A=L5GB99898DF9G9FJ=B;5GG9HG5B87CAA=HH9875D57=HM
Z -5F;9HA5B5;98@9J9F5;9C:HC
Z &5=BH5=BG9@:@=EI=85H=B;65@5B79G<99H
CF8F98=HWG@=EI=8=HMDFC:=@97CBH=BI9GHC698=J9FG9
FC6IGH
5B8:C7IG98CBA5=BH5=B=B;@=EI=8=HM@9J9@GH<5HA99H=HG
6IG=B9GG5B8:IB8=B;F9EI=F9A9BHGCF8F98=HF9;I@5F@MGHF9GGH9GHG=HG65@5B79G<99H5B8@=EI=8=HMHC9BGIF9H<5H=H75B
7CBH=BI9HCA99H=HG:=B5B7=5@C6@=;5H=CBGH<FCI;<97CBCA=77M7@9G
@9/492&:@=.0>CF8F98=HWG:IB8=B;GCIF79G=B7@I89DF=A5F=@MIBG97IF98896H5B8G97IF=H=N5H=CBHF5BG57H=CBG
=B7@I8=B;CH<9FGHFI7HIF98:=B5B7=B;GCF8F98=H=GGI9G6CH<G<CFHH9FA5B8@CB;H9FA896HH<5H=G<9@86M6CH<
=BGH=HIH=CB5@5B8F9H5=@=BJ9GHCFG
K=H<@CB;H9FA896H<5J=B;5BCF=;=B5@A5HIF=HMC:ACF9H<5BACBH<GCF8F98=H
GDCBGCFG5BIA69FC:G97IF=H=N5H=CBDFC;F5AGH<5H75B69GHFI7HIF98HCDFCJ=896CH<G<CFHH9FA5B8@CB;H9FA:IB8=B;
H<FCI;<=BGH=HIH=CB5@=BJ9GHCFG5B8CH<9F:=B5B7=5@=BGH=HIH=CBG=BH<9.B=H98,H5H9G5B8=BH9FB5H=CB5@75D=H5@A5F?9HG

?08 ,9,20809?G>4>.@>>4:9,9/9,7D>4>:149,9.4,7:9/4?4:9,9/%0>@7?>:1";0=,?4:9>:9?49@0/
CF8F98=HC6H5=BGG<CFHH9FAIBG97IF98:IB8=B;:FCAH<9G5@9C:89A5B8BCH9GIB89F=HGCF8"BH9F9GH8J5BH5;9
DFC;F5A5B8H<FCI;<H<9F9H5=@89DCG=HDFC;F5AG5H5B?D@7XY5B8CF85B? A6!XCF85B?YH
979A69F

H<9DF=B7=D5@5ACIBHCIHGH5B8=B;C:CF8"BH9F9GH8J5BH5;9BCH9G
K<=7<A5M69F9899A985H5BM
H=A95HH<9CDH=CBC:H<9<C@89FGH<9F9C:K=H<CIHF9GHF=7H=CB
5B85B8CF85B?89DCG=HGK5G6=@@=CBCF8F98=H
A5=BH5=BGAI@H=D@9GCIF79GC:F958=@M5J5=@56@9@=EI=8=HMHC:IB8H<9D5MA9BHC:=HGIBG97IF98G<CFHH9FA896HC6@=;5H=CBG
-<9:C@@CK=B;H56@9G<CKG:IB8=B;:CFCF8F98=HWGA5B5;98F979=J56@9G=B6=@@=CBG
1/19.1>
1/19.1>
1/19.1>

A:05:3&@>A/@A>1
-9FA96H=B7@5B?CFFCK=B;G
-9FAGG9H57?98,97IF=H=9G
CAA9F7=5@)5D9F V
CF8"BH9F9GH8J5BH5;9 9DCG=HG
(H<9F
EI=HM
8>IGHA9BHG:CF5G<
-CH5@&5B5;98+979=J56@9G5

,97IF=H=N98IB8=B;5G)9F79BHC:&5B5;98+979=J56@9G

4444444444
5 ,99!:9#49,9.4,7 0,>@=0%0.:9.474,?4:9>G97H=CB:CFF97CB7=@=5H=CBHC )
&5B5;98F979=J56@9GK9F96=@@=CB5H979A69F
5B8K9F9:IB898DF=A5F=@MK=H<H9FA896H5B8H9FA
5GG9H657?98G97IF=H=9G,97IF=H=N98:IB8=B;5G5D9F79BHC:A5B5;98F979=J56@9GK5G-<975@9B85F=N5H=CBC:H<9
:IB8=B;D@5BK=@@F9GI@H=BEI5FH9F@M:@I7HI5H=CBGC:H<9G97IF=H=N98:IB8=B;D9F79BH5;9
#@-74.'0=8@9/492#7,9-<9:C@@CK=B;H56@9G<CKGCF8F98=HWG=GGI5B79G:CF:I@@M95F

5B8
5B8
D@5BB98=GGI5B79G:CF:I@@M95F
9L7@I8=B;G<CFHH9FA:IB8=B;DFC;F5AG=B6=@@=CBG

/@A-8 /@A-8 /@A-8 ;>1/-?@
.BG97IF98

,97IF=H=N5H=CBG5
-CH5@DI6@=7
4444444444
5 ,9901494?4:9>,9/91:=8,?4:9%02,=/492:=/=0/4?,@>,7,.?:=>G97H=CB
"B
CF8F98=H7CAD@9H986=@@=CBC:DI6@=7H9FA:IB8=B;CF
CF8F98=HDFC>97HG:I@@M95FDI6@=7H9FA
:IB8=B;=BH<9F5B;9C:6=@@=CBHC6=@@=CB-<FCI;<96FI5FM

CF8F98=H<5G7CAD@9H986=@@=CBC:DI6@=7
H9FA=GGI5B79G

?08 ,9,20809?G>4>.@>>4:9,9/9,7D>4>:149,9.4,7:9/4?4:9,9/%0>@7?>:1";0=,?4:9>:9?49@0/
4<@4/4?D-<9:C@@CK=B;H56@9G<CKGCF8F98=HWG@=EI=8=HMGCIF79G5B8IH=@=N5H=CB=B6=@@=CBG
1/19.1>
1/19.1>
1/19.1>

5=A505@E&;A>/1?-
5G<
CAA=HH985GG9H657?98:57=@=H=9G
(H<9FIBG97IF987F98=H:57=@=H=9G
CF87CFDCF5H97F98=H:57=@=HM5@@C75H=CB V
-CH5@@=EI=8=HMGCIF79G
(@585F-@5;:;25=A505@E-
,97IF=H=N5H=CB75G<5B8F9GHF=7H9875G<
CAA=HH985GG9H657?98:57=@=H=9G
(H<9FIBG97IF987F98=H:57=@=H=9G
CF87CFDCF5H97F98=H:57=@=HM5@@C75H=CB V V V
-CH5@IH=@=N5H=CBC:@=EI=8=HM
FCGG@=EI=8=HM
GG9H657?9875D57=HM=B9L79GGC:9@=;=6@9F979=J56@9G5B8CH<9F58>IGHA9BHG
'9H@=EI=8=HM5J5=@56@9:CFIG9
4444444444
5 ,9901494?4:9>,9/91:=8,?4:9%02,=/492:=/=0/4?,@>,7,.?:=>G97H=CB
CF8F98=HWGB9H@=EI=8=HM5J5=@56@9:CFIG9K=@@:@I7HI5H9EI5FH9F@M65G98CB:57HCFG=B7@I8=B;B95FH9FA896HA5HIF=H=9G

F979=J56@9;FCKH<
5B8H=A=B;C::IB8=B;HF5BG57H=CBGH979A69F

CF8F98=HWGB9H@=EI=8=HM5J5=@56@9:CFIG9
K5G6=@@=CB
6=@@=CB<=;<9FH<5BM95F9B8CF8F98=HWGGCIF79GC:@=EI=8=HM=B7@I8975G<
7CAA=HH985GG9H
657?98:57=@=H=9G
5B8IBG97IF987F98=H:57=@=H=9GH979A69F

CF8F98=HWG@=EI=8=HMGCIF79GHCH5@98
6=@@=CB
ID6=@@=CB:FCAM95F9B8

?08 ,9,20809?G>4>.@>>4:9,9/9,7D>4>:149,9.4,7:9/4?4:9,9/%0>@7?>:1";0=,?4:9>:9?49@0/
,7,9.0&300?4<@4/4?D#=:1470CF8F98=H89:=B9G=HG65@5B79G<99H@=EI=8=HMDFC:=@95GH<97IAI@5H=J9A5HIF=H=9G

=B7@I8=B;H<9=AD57HC:9LD97H98DF9D5MA9BHG5B85@@CK5B79:CF7F98=H@CGG9G
C:=HG:=B5B79F979=J56@9G
=BJ9GHA9BH=B
CD9F5H=B;@95G9G
5B875G<
@9GGH<97IAI@5H=J9896HA5HIF=H=9GCJ9FID7CA=B;5BBI5@D9F=C8GCF8F98=HWG65@5B79
G<99H=G=B<9F9BH@M@=EI=86975IG9C:H<9G<CFHH9FAB5HIF9C:=HG:=B5B79F979=J56@9G
=BJ9GHA9BH=BCD9F5H=B;@95G9G
5B8
75G<CF8F98=H9BGIF9G=HG7IAI@5H=J9896HA5HIF=H=9G<5J95@CB;9FH9BCFH<5B=HG7IAI@5H=J95GG9HA5HIF=H=9G-<=G
DCG=H=J9A5HIF=HMDFC:=@9=G=BH9B898HCDFCJ=89CF8F98=HK=H<588=H=CB5@@=EI=8=HM5:H9F5@@C:=HG5GG9HG<5J9699B:IB898
5B8=G=B588=H=CBHC=HG@=EI=8=HMGHF9GGH9GH
-<9:C@@CK=B;H56@9G<CKGCF8F98=HWG7IAI@5H=J9A5HIF=H=9G:CF5GG9HG5B8HCH5@896H:CFH<9D9F=C8GDF9G9BH985B8
IBG97IF98@CB;H9FA896HA5HIF=H=9G=BH<9=B8=J=8I5@D9F=C8GDF9G9BH98=B6=@@=CBG

-:01E;:0
-8-:/1&411@5=A505@E#>;2581
GG9HG5
-CH5@896H6
&9AC.BG97IF98@CB;H9FA896HA5HIF=H=9G
4444444444
5 "B7@I89G;FCGG:=B5B79F979=J56@9G@9GGH<95@@CK5B79:CF7F98=H@CGG9G=B7@I8=B;79FH5=B:=B5B79F979=J56@9GH<5H5F9F97@5GG=:=98=B7CBGC@=85H=CBHC
'=,/0,9/:?30==0.04A,-70>
=BJ9GHA9BH=BCD9F5H=B;@95G9GB9HC:577IAI@5H9889DF97=5H=CB
75G<5B875G<9EI=J5@9BHG
5B8A5F?9H56@9
G97IF=H=9G9L7@I8=B;5ACIBHGF9@5H98HC=BGIF5B7957H=J=H=9GACIBHGG<CKB=B7@I89H<9=AD57HC:9LD97H98DF9D5MA9BHG
6 L7@I89GIB5ACFH=N98896H8=G7CIBH DF9A=IA
IB5ACFH=N98=GGI5B797CGHG
5B8:5=FJ5@I958>IGHA9BHG
&5HIF=H=9GC:=BJ9GHA9BH=BCD9F5H=B;@95G9G7CBG=GHDF=A5F=@MC:H<9DCFH=CBC:F9BH5@D5MA9BHG5HHF=6IH56@9HC
89DF97=5H=CBCJ9FH<9F9A5=B=B;@=:9C:H<9@95G95B8H<99LD97H98F9G=8I5@J5@I95H@95G9H9FA=B5H=CB&5HIF=H=9GC:
:=B5B79F979=J56@9G5B8=BJ9GHA9BH=BCD9F5H=B;@95G9G=BH<9H56@956CJ9=B7@I899LD97H98DF9D5MA9BHG:CFCF8F98=HWG
F9H5=@=BGH5@@A9BHG5@97CBHF57HG5B8=BJ9GHA9BH=BCD9F5H=B;@95G9G-<9H56@956CJ95@GCF9:@97HG58>IGHA9BHGHC896H
A5HIF=H=9GHCA5H7<H<95GG9H657?98896HA5HIF=H=9GK=H<H<9IB89F@M=B;5GG9HA5HIF=H=9G
@@K<C@9G5@9G97IF=H=N5H=CBHF5BG57H=CBG5B8K<C@9G5@9F979=J56@9G5F9G<CKBA5HIF=B;=BH<9B9LHACBH<G
9J9B=:
H<9A5HIF=H=9G9LH9B869MCB8-<9F9H5=@G97IF=H=N5H=CBHF5BG57H=CBGIB89F79FH5=B7CAA=HH985GG9H657?98:57=@=H=9G
5F95GGIA98HC5ACFH=N9=AA98=5H9@MF5H<9FH<5B5ACFH=N=B;5:H9FH<99LD=F5H=CBC:H<97CAA=HA9BHD9F=C8GC:
979A69F

CF8F98=H<586=@@=CBC:5GG9HG
6=@@=CBC:K<=7<K9F9IB9B7IA69F98
@9/492,9/4<@4/4?D%4>6>CF8F98=HWG:IB8=B;D@5B=GGI6>97HHCF=G?G5B8IB79FH5=BH=9G
A5BMC:K<=7<5F9
69MCB8=HG7CBHFC@
=B7@I8=B;8=GFIDH=CB=BH<975D=H5@A5F?9HGGI7<5G:FCAH<9=AD57HC:(/"H<5H7CI@8=AD57H
6CH<IBG97IF98896H5B85GG9H657?98G97IF=H=9G5B8H<99::97HGC:F9;I@5HCFM7<5B;9GCBH<9:=B5B7=5@A5F?9HG
9GD=H9CF8F98=HWG8=J9FG9GCIF79GC::IB8=B;5B8@=EI=8=HM
=HG56=@=HMHCA5=BH5=B@=EI=8=HMA5M695::97H986M
5ACB;
CH<9FG
H<9:C@@CK=B;:57HCFGBCHB979GG5F=@M@=GH98=BCF89FC:=ADCFH5B79CFDFC656=@=HMC:C77IFF9B79
Z )FC@CB;988=GFIDH=CBC:H<9896H5B8G97IF=H=N5H=CBA5F?9HG
Z @C65@75D=H5@A5F?9HJC@5H=@=HM
Z F98=HF5H=B;G5GG=;B98HCCF85B8CF8F98=H
Z &5F?9H75D57=HM:CFCF85B8CF8F98=HGDCBGCF98=BJ9GHA9BHG
Z 9B9F5@89A5B8:CFH<9HMD9C:G97IF=H=9GCF8F98=HC::9FG
Z CF8F98=HWG56=@=HMHC7CBH=BI9:IB8=B;H<FCI;<5GG9H657?98:=B5B7=B;GHFI7HIF9G
Z )9F:CFA5B79C:H<9IB89F@M=B;5GG9HGK=H<=BCF8F98=HWG5GG9H657?98:=B5B7=B;GHFI7HIF9G
Z "B56=@=HMHCC6H5=B<98;=B;=BGHFIA9BHG
Z 77CIBH=B;5B8F9;I@5HCFM7<5B;9G=B7@I8=B;%"(+5B8
Z CF8F98=HWG56=@=HMHCA5=BH5=B7F98=H:57=@=H=9G5B87CAA=HH985GG9H657?98:57=@=H=9G
&?=0>>'0>?>CF8F98=HF9;I@5F@M7CB8I7HGGHF9GGH9GH=B;CB=HG:IB8=B;5B8@=EI=8=HMGCIF79GHC9BGIF9=H75B
7CBH=BI9HCA99H:=B5B7=5@C6@=;5H=CBG5B8GIDDCFHH<9G5@9C:CF85B8%=B7C@BJ9<=7@9G8IF=B;:=FAGD97=:=75B8A5F?9H
K=89GHF9GG9J9BHG,HF9GGH9GHG5F9=BH9B898HCEI5BH=:MH<9DCH9BH=5@=AD57HC:J5F=CIG58J9FG9G79B5F=CGCBH<965@5B79
G<99H5B8@=EI=8=HM-<9G9G79B5F=CG=B7@I895GGIADH=CBGCB5779GGHCIBG97IF985B8G97IF98896HA5F?9HG
FIBC::C:
G<CFHH9FA:IB8=B;
5B856=@=HMHCF9B9K9LD=F=B;@=EI=8=HM7CAA=HA9BHG5B85F9A95GIF98CJ9FJ5F=CIGH=A9D9F=C8G

=B7@I8=B;85MG
85MG
5B8@CB;9FH9FACF8F98=HWGGHF9GGH9GH8C9GBCH5GGIA95BM588=H=CB5@:IB8=B;
@=EI=8=HM
CF
75D=H5@GIDDCFH:FCACF8CF8F98=HFCIH=B9@M89J9@CDG7CBH=B;9B7M:IB8=B;D@5BG5GD5FHC:=HG@=EI=8=HMGHF9GGH9GH=B;

?08 ,9,20809?G>4>.@>>4:9,9/9,7D>4>:149,9.4,7:9/4?4:9,9/%0>@7?>:1";0=,?4:9>:9?49@0/
0A0=,20CF8F98=HIG9G@9J9F5;9
CFH<9896HHC9EI=HMF5H=C
HCA5?9J5F=CIG6IG=B9GG897=G=CBG
=B7@I8=B;
9J5@I5H=B;5B89GH56@=G<=B;DF=7=B;:CF:=B5B79F979=J56@95B8CD9F5H=B;@95G9:=B5B7=B;
5B85GG9GG=B;=HG75D=H5@
GHFI7HIF9
-<9H56@969@CKG<CKGH<975@7I@5H=CBC:CF8F98=HWG:=B5B7=5@GH5H9A9BH@9J9F5;95B8A5B5;98@9J9F5;9=B
6=@@=CBG
1/19.1>
1/19.1>
1/19.1>

1B1>-31-8/A8-@5;:
96H
8>IGHA9BHG:CF75G<
8>IGHA9BHG:CF89F=J5H=J9577CIBH=B;5
-CH5@58>IGH98896H
EI=HM6
8>IGHA9BHG:CF89F=J5H=J9577CIBH=B;5 V
-CH5@58>IGH989EI=HM
=B5B7=5@GH5H9A9BH@9J9F5;9HC )
&5B5;98@9J9F5;9HC'CB )
4444444444
5 +9@5H98DF=A5F=@MHCA5F?9HJ5@I5H=CB58>IGHA9BHGHC89F=J5H=J9G8I9HCACJ9A9BHG=B=BH9F9GHF5H9G8>IGHA9BHGHC896H5F9F9@5H98HC<98;=B;
57H=J=HM5B858>IGHA9BHGHC9EI=HM5F9F9@5H98HCF9H5=B9895FB=B;G
6 -CH5@G<5F9<C@89FWG=BH9F9GHF9DCFH98CBCF8F98=HWG65@5B79G<99HG
CF8F98=HD@5BG=HGA5B5;98@9J9F5;96M7CBG=89F=B;A5F?9H7CB8=H=CBG5B8H<9F=G?7<5F57H9F=GH=7GC:=HG6IG=B9GG
H979A69F
5B8
CF8F98=HWG:=B5B7=5@GH5H9A9BH@9J9F5;9K5G5B8
F9GD97H=J9@M
5B8
A5B5;98@9J9F5;9K5G5B8
F9GD97H=J9@M&5B5;98@9J9F5;9897F95G98F9@5H=J9HC:=B5B7=5@GH5H9A9BH
@9J9F5;9DF=A5F=@M8I9HCH<9<=;<9F75G<65@5B795HM95F9B8CF8F98=HH5F;9HGA5B5;98@9J9F5;9=BH<9F5B;9
C:HC

?08 ,9,20809?G>4>.@>>4:9,9/9,7D>4>:149,9.4,7:9/4?4:9,9/%0>@7?>:1";0=,?4:9>:9?49@0/
';@-8;9<-:E
#09>4:9#7,9:9?=4-@?4:9>,9/&?=,?02D(IFGHF5H9;M=GHCF98I79H<9F=G?C:CIF:IB89889:=B9869B9:=HD9BG=CB
D@5BG
=B7@I8=B;A=B=A=N=B;H<9JC@5H=@=HMC:H<9J5@I9C:CIFD9BG=CB5GG9HGF9@5H=J9HCD9BG=CB@=56=@=H=9G5B8H<9B998:CF
IBD@5BB98IG9C:75D=H5@F9GCIF79GHC:IB8H<9D@5BG-<9GHF5H9;MF98I79G65@5B79G<99H
75G<:@CK
5B8=B7CA9
9LDCGIF9G5B8
=BHIFB
F98I79GCIFF=G?DFC:=@9 C=B;:CFK5F8
K99LD97HHC
Z %=A=HCIFD9BG=CB7CBHF=6IH=CBGHCC::G9HCB;C=B;G9FJ=797CGHCFA99HF9;I@5HCFMF9EI=F9A9BHG
=:5BM
Z &5=BH5=BH5F;9H5GG9H5@@C75H=CBC:56CIH:=L98=B7CA9=BJ9GHA9BHG5B8;FCKH<5GG9HG
K<=7<69HH9F
A5H7<9GD@5B5GG9HGHCH<97<5F57H9F=GH=7GC:H<9@=56=@=H=9G
H<9F96MF98I7=B;CIFB9H9LDCGIF95B8
Z J5@I5H9GHF5H9;=757H=CBGHCF98I79D9BG=CB@=56=@=H=9G
GI7<5GD@5B89G=;B7<5B;9G
7IFH5=@A9BHG
CFG9HH@9A9BHG

*

)9BG=CBIB898,H5HIG
.,)@5BG
'CB.,)@5BG
-CH5@ @C65@)9BG=CB
295FB8=G7CIBH+5H909=;<H98J9F5;9
.,)@5BG DDHG
'CB.,)@5BG DDHG
7HI5@GG9H+9HIFBG
.,)@5BG DDHG
'CB.,)@5BG DDHG
)9BG=CBIB898)@5BG(B@M
IB898,H5HIG
CBHF=6IH=CBG:CFIB898)@5BG
0CF@8K=89
CIF89:=B9869B9:=HD9BG=CBD@5BGK9F9IB89F:IB8986M6=@@=CB5H979A69F

5B
=ADFCJ9A9BHC:A=@@=CB:FCA979A69F

DF=A5F=@M5G5F9GI@HC:5GG9HF9HIFBG=B9L79GGC:CIF5GGIADH=CBG

D5FH=5@@MC::G9H6M@CK9F8=G7CIBHF5H9G(:H<96=@@=CBIB89F:IB898GH5HIG5HM95F9B8
6=@@=CB=G5GGC7=5H98
K=H<CIFIB:IB898D@5BG-<9G95F9XD5M5GMCI;C
YK=H<69B9:=HGD5=8:FCACAD5BM75G<-<9G9IB:IB898D@5BG
DF=A5F=@M=B7@I8979FH5=BD@5BG=B 9FA5BM
5B8.,89:=B9869B9:=HD@5BG:CFG9B=CFA5B5;9A9BH
-<9:=L98=B7CA9A=LK5G=BCIF.,D@5BG5B8=BCIFBCB.,D@5BG5HM95F9B8
"B
K97CBHF=6IH98A=@@=CBHCCIF;@C65@:IB898D9BG=CBD@5BG
5897F95G9C:A=@@=CB7CAD5F98K=H<
IF=B;
K99LD97HHC7CBHF=6IH969HK99BA=@@=CB5B8A=@@=CBC:75G<HCCIF;@C65@:IB898D9BG=CB
D@5BG095@GC9LD97HHCA5?956CIHA=@@=CBC:69B9:=HD5MA9BHGHCD5FH=7=D5BHG=BIB:IB898D@5BG5G98CB
7IFF9BH5GGIADH=CBG5B8F9;I@5H=CBG
K98CBCH9LD97HHC<5J95@9;5@F9EI=F9A9BHHC:IB8CIFA5>CF.,D@5BG=B
(IF;@C65@:IB898D@5BGF9A5=B:I@@M:IB898=B5;;F9;5H9
89ACBGHF5H=B;H<99::97H=J9B9GGC:CIF89F=G?=B;GHF5H9;M5B8
CIF7CAA=HA9BHHC5GHFCB;65@5B79G<99H
CF589H5=@988=G7IGG=CBC:CIFD9BG=CBD@5BG
G99'CH9C:H<9'CH9GHCH<9=B5B7=5@,H5H9A9BHG

?08 ,9,20809?G>4>.@>>4:9,9/9,7D>4>:149,9.4,7:9/4?4:9,9/%0>@7?>:1";0=,?4:9>:9?49@0/
%0?@=9:99A0>?0/,;4?,7H%"I095B5@MN9HCH5@CAD5BMD9F:CFA5B79IG=B;5B58>IGH98+(":=B5B7=5@
A9HF=765G98CB5B5:H9FH5LFC@@=B;:CIFEI5FH9F5J9F5;9-<9:C@@CK=B;H56@97CBH5=BGH<975@7I@5H=CBC:CIF+(":CFH<9
M95FGG<CKB=B6=@@=CBG
1/19.1>
1/19.1>
1/19.1>

06A?@10!1@"<1>-@5:3#>;25@2@1>-?4'-D
'9H=B7CA9 @CGG5HHF=6IH56@9HCCF8 V
88'CB7CBHFC@@=B;=BH9F9GH V V V
%9GG"B7CA9H5L
885G<H5L
%9GG"BH9F9GHCB896H
%9GG-CH5@D9BG=CB ()=B7CA9 7CGH
88)9BG=CB ()G9FJ=797CGHG
'9HCD9F5H=B;DFC:=H5:H9F75G<H5L
%9GG,D97=5@=H9AG9L7@D9BG=CB ()DF9H5L
8>IGH98B9HCD9F5H=B;DFC:=H5:H9F75G<H5L
:B1?@10-<5@-8
EI=HM
+9899A56@9BCB7CBHFC@@=B;=BH9F9GH V V
96H9L7@CF8F98=H
'9HD9BG=CB5B8()@=56=@=HM
"BJ9GH9875D=H5@9B8C:D9F=C8
J9F5;9=BJ9GH9875D=H5@
+("5

8>IGH98+("'CB )6
4444444444
5 5@7I@5H985GH<9GIAC:B9HCD9F5H=B;DFC:=H5:H9F75G<H5L:FCAH<9@5GH:CIFEI5FH9FG
8=J=8986MH<95J9F5;9=BJ9GH9875D=H5@CJ9FH<9@5GH:CIF
EI5FH9FG
6 5@7I@5H985GH<9GIAC:58>IGH98B9HCD9F5H=B;DFC:=H5:H9F75G<H5L:FCAH<9@5GH:CIFEI5FH9FG
8=J=8986MH<95J9F5;9=BJ9GH9875D=H5@CJ9FH<9@5GH
:CIFEI5FH9FG

?08 ,9,20809?G>4>.@>>4:9,9/9,7D>4>:149,9.4,7:9/4?4:9,9/%0>@7?>:1";0=,?4:9>:9?49@0/
%'%'!&
(IFG<CFHH9FA5B8@CB;H9FA896H=GF5H986M:CIF7F98=HF5H=B;5;9B7=9G89G=;B5H985GB5H=CB5@@MF97C;B=N98

GH5H=GH=75@F5H=B;CF;5B=N5H=CBGX'+,+(GY6MH<9.,,97IF=H=9G5B8L7<5B;9CAA=GG=CB+,
=H7<
&CC8MWG
5B8
,)
"BG9J9F5@A5F?9HG
@C75@@MF97C;B=N98F5H=B;5;9B7=9G5@GCF5H9IG7F98=HF5H=B;F9:@97HG5B5GG9GGA9BH6MH<9
F5H=B;5;9B7MC:H<97F98=HF=G?5GGC7=5H98K=H<57CFDCF5H99BH=HMCFD5FH=7I@5FG97IF=H=9G=GGI986MH<5H9BH=HM+5H=B;
5;9B7=9GWF5H=B;GC:IG5F965G98CB=B:CFA5H=CBDFCJ=8986MIG5B8CH<9FGCIF79GF98=HF5H=B;G5F9BCH
F97CAA9B85H=CBGHC6IM
G9@@
CF<C@8G97IF=H=9G5B85F9GI6>97HHCF9J=G=CBCFK=H<8F5K5@5H5BMH=A96MH<95GG=;B=B;
F5H=B;5;9B7M57<F5H=B;5;9B7MA5M<5J98=::9F9BH7F=H9F=5:CF9J5@I5H=B;7CAD5BMF=G?5B8
H<9F9:CF9
F5H=B;GG<CI@8
699J5@I5H98=B89D9B89BH@M:CF957<F5H=B;5;9B7M
-<9F9<5J9699BBCF5H=B;57H=CBGH5?9B6MH<9G9'+,+(GG=B79H<9:=@=B;C:CIF*I5FH9F@M+9DCFHCBCFA*:CF
H<9EI5FH9F9B898,9DH9A69F

-<9:C@@CK=B;H56@9GIAA5F=N9G79FH5=BC:H<97F98=HF5H=B;G5B8CIH@CC?DF9G9BH@M5GG=;B986MH<9G9:CIF'+,+(G
!%&%"%'!&
;>0 ;>0>105@ !%&%"?
??A1> 5:59A9
12-A8@ ;:3'1>9 ;:3'1>9 ;:3'1>9
;><;>-@1 &1:5;> "A@8;;7 &1:5;> &4;>@'1>9 "A@8;;7 :B1?@91:@
??A1>%-@5:3 (:?1/A>10 '>1:0 (:?1/A>10 (:?1/A>10 '>1:0 >-01%-@5:3
+, <=;< <=;< '9;5H=J9 <=;< + '9;5H=J9 @CK
=H7< '9;5H=J9 '9;5H=J9
&CC8MWG ' 5 '9;5H=J9 5 ') '9;5H=J9 55
,) '9;5H=J9 '9;5H=J9

?08 ,9,20809?G>4>.@>>4:9,9/9,7D>4>:149,9.4,7:9/4?4:9,9/%0>@7?>:1";0=,?4:9>:9?49@0/
"('""
09DFCJ=898CAD5BM;I=85B79=BCIF95FB=B;GF9@95G9:IFB=G<98CBCFA$85H9896FI5FM
-<9
;I=85B79=G65G98CBCIF9LD97H5H=CBG5GC:96FI5FM

5B8=9L7@I89GH<9=AD57HC:H<9G9A=7CB8I7HCFG<CFH5;9
G9969@CK:CF58=G7IGG=CBC:H<9G<CFH5;9===B7@I89G5BCB75G<;5=BC:56CIHA=@@=CB=BH<9:=FGHEI5FH9FC:
CBCIF=BJ9GHA9BH=B+=J=5B5B8===5GGIA9GBCA5H9F=5@7<5B;9=BH<97IFF9BH97CBCA=79BJ=FCBA9BH
=B7@I8=B;:CF9=;B
9L7<5B;95B8H5F=::G(IF57HI5@F9GI@HG7CI@88=::9FA5H9F=5@@M:FCACIF;I=85B798I9HCF=G?G
IB79FH5=BH=9G
5B8CH<9F
:57HCFG
=B7@I8=B;H<CG9G9H:CFH<=BX+=G?57HCFGY=B"H9AC:)5FH"

A50-:/1
';@-8;9<-:E
8>IGH98"-5 6=@@=CB
8>IGH98F995G<@CK5 6=@@=CB
5D=H5@GD9B8=B; 6=@@=CB
)9BG=CB7CBHF=6IH=CBG 6=@@=CB
@C65@+989G=;B"-7<5F;9G 6=@@=CB
@C65@+989G=;B75G<9::97HG 6=@@=CB
;>0>105@
- "ADFCJ987CAD5F98HC
CF8F98=H5I7H=CBJ5@I9G6 %CK9F
4444444444
5 0<9BK9DFCJ=89;I=85B79:CF8>IGH98"-5B88>IGH98F995G<@CK
K98CBCHDFCJ=89;I=85B79:CFH<9ACGH7CAD5F56@9 )A95GIF9G
6975IG9
5G89G7F=698=BACF989H5=@69@CK=BX'CB )&95GIF9G-<5H,IDD@9A9BH )&95GIF9G
YH<9M=B7@I89=H9AGH<5H5F98=::=7I@HHC
DF98=7HK=H<F95GCB56@979FH5=BHM
6 (B5J9F5;97CAD5F98K=H<:I@@M95F5H7CBGH5BHA=L
-<9;@C65@G9A=7CB8I7HCFG<CFH5;9=G7F95H=B;IB79FH5=BHM57FCGGAI@H=D@9=B8IGHF=9G
=B7@I8=B;H<95IHCACH=J9
=B8IGHFM
5B8K=@@=B:@I9B79CIFCD9F5H=B;F9GI@HGH<=GM95F-<9G=HI5H=CB=G:@I=85B8K969@=9J9=H=GDF9A5HIF9HCEI5BH=:M
H<9:I@@M95F=AD57HCBCIF58>IGH98"-5B858>IGH98:F9975G<:@CKHDF9G9BH
H<CI;<
7IFF9BH9GH=A5H9G:FCA
GIDD@=9FGGIDDCFH5G79B5F=CK<9F9K97CI@8@CG9HCC:CIFD@5BB98:=FGHEI5FH9FDFC8I7H=CB":H<5HG79B5F=C=G
9LH9B898H<FCI;<H<9:=FGH<5@:C:H<9M95F
H<9=AD57H7CI@858J9FG9@M5::97HCIF:I@@M95F58>IGH98"-6M69HK99B
6=@@=CB5B86=@@=CB
B9HC:F95GCB56@97CGHF97CJ9F=9G5B8GCA9DFC8I7H=CBA5?9ID=BH<9G97CB8<5@:C:H<9
M95FI@@M95F"-5B875G<9::97HG8I9HCH<9G<CFH5;9KCI@86956CIH9EI5@
K=H<EI5FH9F@M75G<=AD@=75H=CBGACF9
JC@5H=@9;=J9BH<9A97<5B=7GC:CIFKCF?=B;75D=H5@

?08 ,9,20809?G>4>.@>>4:9,9/9,7D>4>:149,9.4,7:9/4?4:9,9/%0>@7?>:1";0=,?4:9>:9?49@0/
-A@5;:->E!;@1;:;>C->0;;75:3&@-@191:@?
,H5H9A9BHG=B7@I898CF=B7CFDCF5H986MF9:9F9B79<9F9=BA5M7CBGH=HIH9X:CFK5F8@CC?=B;GH5H9A9BHGYK=H<=BH<9
A95B=B;C:H<9)F=J5H9,97IF=H=9G%=H=;5H=CB+9:CFA7HC:CFK5F8@CC?=B;GH5H9A9BHG5F965G98CB9LD97H5H=CBG

:CF975GHG
5B85GGIADH=CBG6MCIFA5B5;9A9BH5B8=BJC@J95BIA69FC:F=G?G
IB79FH5=BH=9G
5B8CH<9F:57HCFGH<5H7CI@8
75IG957HI5@F9GI@HGHC8=::9FA5H9F=5@@M:FCAH<CG9GH5H98
=B7@I8=B;
K=H<CIH@=A=H5H=CB
Z CF85B8CF8F98=HWG:=B5B7=5@7CB8=H=CB5B8F9GI@HGC:CD9F5H=CBG<5J9699B5B8A5M7CBH=BI9HC6958J9FG9@M
5::97H986MDI6@=7<95@H<=GGI9G
=B7@I8=B;9D=89A=7GCFD5B89A=7GGI7<5G(/"
Z CF8=G<=;<@M89D9B89BHCB=HGGIDD@=9FGHC89@=J9F7CADCB9BHG=B577CF85B79K=H<CF8WGDFC8I7H=CBG7<98I@9

5B85G<CFH5;9C:?9M7CADCB9BHG
GI7<5GG9A=7CB8I7HCFG
75B8=GFIDHCF8WGDFC8I7H=CBC:J9<=7@9G
Z CF8WG@CB;H9FA7CAD9H=H=J9B9GG89D9B8GCBH<9GI779GG:I@9L97IH=CBC:=HG)@5B
CF8WGJ9<=7@9G7CI@8695::97H986M89:97HGH<5HF9GI@H=B89@5MG=BB9KAC89@@5IB7<9G
F975@@75AD5=;BG
CF
=B7F95G98K5FF5BHM7CGHG
CF8A5MBCHF95@=N9H<95BH=7=D5H9869B9:=HGC:9L=GH=B;CFD9B8=B;GHF5H9;=75@@=5B79G
>C=BHJ9BHIF9G
57EI=G=H=CBG

8=J9GH=HIF9G
CFB9K6IG=B9GGGHF5H9;=9G
(D9F5H=CB5@GMGH9AG
G97IF=HMGMGH9AG
5B8J9<=7@9G7CI@8695::97H986M7M69F=B7=89BHG5B8CH<9F8=GFIDH=CBG
CF8WGDFC8I7H=CB
5GK9@@5GCF8WGGIDD@=9FGWDFC8I7H=CB
7CI@8698=GFIDH986M@56CF=GGI9G
B5HIF5@CFA5B
A5898=G5GH9FG
:=B5B7=5@8=GHF9GG
DFC8I7H=CB8=::=7I@H=9G
CFCH<9F:57HCFG
CF8WG56=@=HMHCA5=BH5=B57CAD9H=H=J97CGHGHFI7HIF97CI@8695::97H986M@56CFCFCH<9F7CBGHF5=BHG
CF8WG56=@=HMHC5HHF57H5B8F9H5=BH5@9BH98
8=J9FG9
5B8<=;<@MG?=@@989AD@CM99G=G7F=H=75@HC=HGGI779GG5B8
7CAD9H=H=J9B9GG
CF8WGB9K5B89L=GH=B;DFC8I7HG5B8AC6=@=HMG9FJ=79G5F9GI6>97HHCA5F?9H5779DH5B795B8:579G=;B=:=75BH
7CAD9H=H=CB:FCA9L=GH=B;5B8B9K9BHF5BHG=BH<95IHCACH=J95B8AC6=@=HM=B8IGHF=9G
CF8WGF9GI@HG5F989D9B89BHCBG5@9GC:@5F;9F
ACF9DFC:=H56@9J9<=7@9G
D5FH=7I@5F@M=BH<9.B=H98,H5H9G
0=H<5;@C65@:CCHDF=BH
CF8WGF9GI@HG7CI@86958J9FG9@M5::97H986M97CBCA=7
;9CDC@=H=75@
DFCH97H=CB=GHHF589
DC@=7=9G
CFCH<9F9J9BHG
=B7@I8=B;H5F=::G
"B8IGHFMG5@9GJC@IA9=B5BMC:CF8WG?9MA5F?9HG75B69JC@5H=@95B87CI@8897@=B9=:H<9F9=G5:=B5B7=5@7F=G=G

F979GG=CB
CFG=;B=:=75BH;9CDC@=H=75@9J9BH
CF8A5M:579=B7F95G98DF=797CAD9H=H=CBCF5F98I7H=CB=B89A5B8:CF=HGDFC8I7HGF9GI@H=B;:FCA=B8IGHFM
9L79GG75D57=HM
7IFF9B7M:@I7HI5H=CBG
7CAD9H=H=J957H=CBG
CFCH<9F:57HCFG
@I7HI5H=CBG=B7CAAC8=HMDF=79G
=BH9F9GHF5H9G
5B8A5F?9HJ5@I9C:CF8CF
CF8F98=HWG=BJ9GHA9BHG75B<5J95G=;B=:=75BH9::97HCBF9GI@HG
CF85B8CF8F98=HWG5779GGHC896H
G97IF=H=N5H=CB
CF89F=J5H=J9A5F?9HG5FCIB8H<9KCF@85H7CAD9H=H=J9F5H9G
CF=BGI::=7=9BH5ACIBHG7CI@8695::97H986M7F98=HF5H=B;8CKB;F589G
A5F?9HJC@5H=@=HM
A5F?9H8=GFIDH=CB

F9;I@5HCFMF9EI=F9A9BHG
CFCH<9F:57HCFG
CF8WGF979=DHC:;CJ9FBA9BH=B79BH=J9G7CI@869GI6>97HHCF98I7H=CB
H9FA=B5H=CB
CF7@5K657?
CF8F98=H7CI@89LD9F=9B79<=;<9FH<5B9LD97H987F98=H@CGG9G
@CK9FH<5B5BH=7=D5H98F9G=8I5@J5@I9G
CF
<=;<9FH<5B9LD97H98F9HIFBJC@IA9G:CF@95G98J9<=7@9G
7CBCA=75B889AC;F5D<=79LD9F=9B79:CFD9BG=CB5B8CH<9FDCGHF9H=F9A9BH69B9:=HD@5BG9;
8=G7CIBHF5H9GCF
=BJ9GHA9BHF9HIFBG7CI@869KCFG9H<5BCF8<5G5GGIA98
)9BG=CB5B8CH<9FDCGHF9H=F9A9BH@=56=@=H=9G7CI@858J9FG9@M5::97HCF8WG@=EI=8=HM5B8:=B5B7=5@7CB8=H=CB
CF87CI@89LD9F=9B79IBIGI5@CFG=;B=:=75BH@=H=;5H=CB
;CJ9FBA9BH5@=BJ9GH=;5H=CBG
CF58J9FG9DI6@=7=HM5F=G=B;
CIHC:5@@9;9889:97HG=BDFC8I7HG
D9F79=J989BJ=FCBA9BH5@=AD57HG
CFCH<9FK=G9
CF8A5MB998HCGI6GH5BH=5@@MAC8=:M=HGDFC8I7HD@5BGHC7CAD@MK=H<G5:9HM
9A=GG=CBG
:I9@97CBCAM

5IHCBCACIGJ9<=7@9
5B8CH<9FF9;I@5H=CBG
CF85B8CF8F98=H7CI@8695::97H986MH<97CBH=BI9889J9@CDA9BHC:ACF9GHF=B;9BHDF=J57M
85H5IG9
5B8
85H5DFCH97H=CB@5KG5B8F9;I@5H=CBG5GK9@@5G7CBGIA9FGW<9=;<H9B989LD97H5H=CBGHCG5:9;I5F8H<9=FD9FGCB5@
=B:CFA5H=CB5B8
CF8F98=H7CI@869GI6>97HHCB9KCF=B7F95G987F98=HF9;I@5H=CBG
7CBGIA9FDFCH97H=CBF9;I@5H=CBG
CFCH<9F
F9;I@5H=CBG
0975BBCH6979FH5=BH<5H5BM9LD97H5H=CB
:CF975GH
CF5GGIADH=CBA589=BDF9D5F=B;:CFK5F8@CC?=B;GH5H9A9BHGK=@@
DFCJ9577IF5H9
CFH<5H5BMDFC>97H=CBK=@@69F95@=N98"H=GHC699LD97H98H<5HH<9F9A5M698=::9F9B79G69HK99B
DFC>97H985B857HI5@F9GI@HG(IF:CFK5F8@CC?=B;GH5H9A9BHGGD95?CB@M5GC:H<985H9C:H<9=F=B=H=5@=GGI5B79
5B8K98C
BCHIB89FH5?95BMC6@=;5H=CBHCID85H9CFF9J=G9DI6@=7@M5BM:CFK5F8@CC?=B;GH5H9A9BH
K<9H<9F5G5F9GI@HC:B9K
=B:CFA5H=CB
:IHIF99J9BHG
CFCH<9FK=G9CF588=H=CB5@8=G7IGG=CB
G99X"H9A+=G?57HCFGY56CJ9

?08 ,9,20809?G>4>.@>>4:9,9/9,7D>4>:149,9.4,7:9/4?4:9,9/%0>@7?>:1";0=,?4:9>:9?49@0/
!"!#!! &(%&''&(## !'# &(%&
09IG96CH<;9B9F5@@M5779DH98577CIBH=B;DF=B7=D@9GX )Y5B8BCB ):=B5B7=5@A95GIF9G:CFCD9F5H=CB5@

5B8:=B5B7=5@897=G=CBA5?=B;
5B8HC5GG9GGCAD5BM5B8G9;A9BH6IG=B9GGD9F:CFA5B79-<9BCB )A95GIF9G
@=GH9869@CK5F9=BH9B898HC697CBG=89F986MIG9FG5GGIDD@9A9BH5@=B:CFA5H=CBHCH<9=F9EI=J5@9BH )A95GIF9G
HC
5=8=BJ9GHCFG=B69HH9FIB89FGH5B8=B;CIF:=B5B7=5@F9GI@HG0969@=9J9H<5HH<9G9BCB )A95GIF9GDFCJ=89IG9:I@
D9FGD97H=J9CBIB89F@M=B;6IG=B9GGF9GI@HG5B8HF9B8G
5B85A95BGHC5GG9GGCIFD9F=C8CJ9FD9F=C8F9GI@HG-<9G9BCB
)A95GIF9GG<CI@8BCH697CBG=89F985G5GI6GH=HIH9:CF
CFGID9F=CFHC
A95GIF9GC::=B5B7=5@D9F:CFA5B79DF9D5F98
=B577CF85B79K=H< )-<9G9BCB )A95GIF9GA5MBCH69H<9G5A95GG=A=@5F@MH=H@98A95GIF9GIG986MCH<9F
7CAD5B=9G8I9HCDCGG=6@98=::9F9B79G=BA9H<C85B8=B=H9AGCF9J9BHG69=B;58>IGH98
J :8;,9D/5@>?0/' :>?:8;,=,-70# 0,>@=0!0?9.:80:>>??=4-@?,-70?::=/U5FB=B;G

69:CF9=BH9F9GH5B8H5L9G"-9L7@I89G=BH9F9GHCB896H9L7@CF8F98=H96H
H5L9G
5B8DF9H5LGD97=5@=H9AG
-<=GBCB )A95GIF9=GIG9:I@HCA5B5;9A9BH5B8=BJ9GHCFG6975IG9=H5@@CKGIG9FGHC9J5@I5H9CIFCD9F5H=B;
F9GI@HG5@=;B98K=H<=B8IGHFMF9DCFH=B;(IFA5B5;9A9BHCF8=B5F=@M9L7@I89GGD97=5@=H9AG:FCA=HGF9J=9KC:H<9
F9GI@HGC:H<9CD9F5H=B;G9;A9BHG:CFDIFDCG9GC:A95GIF=B;G9;A9BHDFC:=H56=@=HM5B85@@C75H=B;F9GCIF79G(IF
75H9;CF=9GC:DF9H5LGD97=5@=H9AG5B8H<95DD@=756@9G=;B=:=75B79;I=89@=B9:CF957<=H9AK<=7<A5M7CBG=GHC:5
;FCIDC:=H9AGF9@5H98HC5G=B;@99J9BHCF57H=CB5F95G:C@@CKG
)F9-5L,D97=5@"H9A ,=;B=:=75B79 I=89@=B9

)9BG=CB5B8()F9A95GIF9A9BH;5=BG5B8@CGG9G 'CA=B=AIA
)9FGCBB9@9LD9BG9G
895@9FF9@5H987CGHG
5B8:57=@=HMF9@5H98 9B9F5@@MA=@@=CBCFACF9
7<5F;9GGH9AA=B;:FCACIF9::CFHGHCA5H7<DFC8I7H=CB
75D57=HM5B87CGHGHFI7HIF9HCA5F?9H89A5B85B87<5B;=B;
AC89@A=L
(H<9F=H9AGH<5HK98CBCHB979GG5F=@M7CBG=89FHC69 A=@@=CBCFACF9:CF=B8=J=8I5@:=9@8
=B8=75H=J9C:95FB=B;G:FCACB;C=B;CD9F5H=B;57H=J=H=9G G9FJ=7957H=CBG;9B9F5@@MA=@@=CBCF
ACF9:CFCH<9F=H9AG
0<9BK9DFCJ=89;I=85B79:CF58>IGH98"-
K98CBCHDFCJ=89;I=85B79CB5B9H=B7CA965G=G6975IG9H<9 )
A95GIF9K=@@=B7@I89DCH9BH=5@@MG=;B=:=75BHGD97=5@=H9AGH<5H<5J9BCHM9HC77IFF985B85F98=::=7I@HHCDF98=7HK=H<
F95GCB56@979FH5=BHMDF=CFHCM95F9B8
=B7@I8=B;D9BG=CB5B8()F9A95GIF9A9BH;5=BG5B8@CGG9G
J :8;,9D/5@>?0/' ,=249 :>?:8;,=,-70# 0,>@=0:8;,9D!0?9.:80:>> ,=249U

CAD5BM8>IGH98"-A5F;=B=GCAD5BM58>IGH98"-8=J=8986MCAD5BMF9J9BI9-<=GBCB )A95GIF9
=GIG9:I@HCA5B5;9A9BH5B8=BJ9GHCFG6975IG9=H5@@CKGIG9FGHC9J5@I5H9CIFCD9F5H=B;F9GI@HG5@=;B98K=H<=B8IGHFM
F9DCFH=B;
J /5@>?0/,=9492>:>>#0=&3,=0 :>?:8;,=,-70# 0,>@=0,=9492>:>>#0=&3,=0U&95GIF9C:

CAD5BMWG8=@IH98B9H95FB=B;G @CGGD9FG<5F958>IGH98:CF=AD57HC:DF9H5LGD97=5@=H9AG89G7F=69856CJ9
H5L
GD97=5@=H9AG
5B8F9GHFI7HIF=B;=AD57HG=BBCB7CBHFC@@=B;=BH9F9GHG-<9A95GIF9DFCJ=89G=BJ9GHCFGK=H<IG9:I@
=B:CFA5H=CBHC9J5@I5H9D9F:CFA5B79C:CIF6IG=B9GG9L7@I8=B;=H9AGBCH=B8=75H=J9C:H<9IB89F@M=B;FIBF5H9C:CIF
6IG=B9GG0<9BK9DFCJ=89;I=85B79:CF58>IGH9895FB=B;G @CGGD9FG<5F9
K98CBCHDFCJ=89;I=85B79CB5B
95FB=B;G @CGGD9FG<5F965G=G6975IG9H<9 )A95GIF9K=@@=B7@I89DCH9BH=5@@MG=;B=:=75BHGD97=5@=H9AGH<5H<5J9
BCHM9HC77IFF985B85F98=::=7I@HHCDF98=7HK=H<F95GCB56@979FH5=BHMDF=CFHCM95F9B8
=B7@I8=B;D9BG=CB5B8()
F9A95GIF9A9BH;5=BG5B8@CGG9G
J /5@>?0/110.?4A0',C%,?0 :>?:8;,=,-70# 0,>@=0110.?4A0',C%,?0U&95GIF9C:CAD5BMWGH5L

F5H99L7@I8=B;DF9H5LGD97=5@=H9AG89G7F=69856CJ95B8H5LGD97=5@=H9AG-<9A95GIF9DFCJ=89G5BCB;C=B;
9::97H=J9F5H9K<=7<=BJ9GHCFG:=B8IG9:I@:CF<=GHCF=75@7CAD5F=GCBG5B8:CF:CF975GH=B;0<9BK9DFCJ=89;I=85B79:CF
58>IGH989::97H=J9H5LF5H9
K98CBCHDFCJ=89;I=85B79CB5B9::97H=J9H5LF5H965G=G6975IG9H<9 )A95GIF9K=@@
=B7@I89DCH9BH=5@@MG=;B=:=75BHGD97=5@=H9AGH<5H<5J9BCHM9HC77IFF985B85F98=::=7I@HHCDF98=7HK=H<F95GCB56@9
79FH5=BHMDF=CFHCM95F9B8
=B7@I8=B;D9BG=CB5B8()F9A95GIF9A9BH;5=BG5B8@CGG9G

?08 ,9,20809?G>4>.@>>4:9,9/9,7D>4>:149,9.4,7:9/4?4:9,9/%0>@7?>:1";0=,?4:9>:9?49@0/
:8;,9D/5@>?0/=00,>37:B :>?:8;,=,-70# 0,>@=0!0?,>3#=:A4/0/D(>0/9";0=,?492

.?4A4?40>U&95GIF9C:CAD5BMWGCD9F5H=B;75G<:@CK9L7@I8=B;CF8F98=HWGCD9F5H=B;75G<:@CKG-<9A95GIF9
7CBH5=BG9@9A9BHGA5B5;9A9BH7CBG=89FGCD9F5H=B;57H=J=H=9G
=B7@I8=B;IHCACH=J95B8&C6=@=HM75D=H5@GD9B8=B;

CF8F98=H8=GHF=6IH=CBGHC=HGD5F9BH
5B8G9HH@9A9BHC:89F=J5H=J9G-<9A95GIF99L7@I89G75G<CIH:@CKG:CF:IB898
D9BG=CB7CBHF=6IH=CBG
;@C65@F989G=;B=B7@I8=B;G9D5F5H=CBG
5B8CH<9F=H9AGH<5H5F97CBG=89F98CD9F5H=B;75G<
:@CKGIB89F., )-<=GA95GIF9=GIG9:I@HCA5B5;9A9BH5B8=BJ9GHCFG6975IG9=H=G7CBG=GH9BHK=H<
A5B5;9A9BHWG5GG9GGA9BHC:H<9CAD5BMWGCD9F5H=B;75G<:@CKD9F:CFA5B790<9BK9DFCJ=89;I=85B79:CF
CAD5BM58>IGH98:F9975G<:@CK
K98CBCHDFCJ=89;I=85B79:CFB9H75G<DFCJ=8986M IG98=BCD9F5H=B;57H=J=H=9G
6975IG9H<9 )A95GIF9K=@@=B7@I89=H9AGH<5H5F98=::=7I@HHCEI5BH=:MCFDF98=7HK=H<F95GCB56@979FH5=BHM

=B7@I8=B;75G<:@CKGF9@5H98HCH<9CAD5BMG9LDCGIF9GHC:CF9=;B7IFF9B7M9L7<5B;9F5H9G5B879FH5=B7CAAC8=HM
DF=79GG9D5F5H9:FCA5BMF9@5H98<98;9G
CF8F98=HGCD9F5H=B;75G<:@CKG
5B875G<:@CKGF9@5H98HCGD97=5@=H9AG

=B7@I8=B;G9D5F5H=CBD5MA9BHG
957<C:K<=7<=B8=J=8I5@@MCF=BH<95;;F9;5H97CI@8<5J95G=;B=:=75BH=AD57HHCCIF
B9H75G<DFCJ=8986M IG98=BCIFCD9F5H=B;57H=J=H=9G
J /5@>?0/%"U5@7I@5H985GH<9GIAC:58>IGH98B9HCD9F5H=B;DFC:=H5:H9F75G<H5L:FCAH<9@5GH:CIFEI5FH9FG

8=J=8986MH<95J9F5;9=BJ9GH9875D=H5@CJ9FH<9@5GH:CIFEI5FH9FG8>IGH98+9HIFBCB"BJ9GH985D=H5@X8>IGH98
+("YDFCJ=89GA5B5;9A9BH5B8=BJ9GHCFGK=H<IG9:I@=B:CFA5H=CBHC9J5@I5H9H<9CAD5BMWG5:H9F75G<H5L
CD9F5H=B;F9HIFBCB=HG=BJ9GH9875D=H5@:CFH<9D9F=C8DF9G9BH988>IGH98B9HCD9F5H=B;DFC:=H5:H9F75G<H5LA95GIF9G
CD9F5H=B;F9GI@HG@9GGGD97=5@=H9AG
=BH9F9GHCB896H9L7@CF8F98=H96H
5B879FH5=BD9BG=CB ()7CGHG
J9F5;9=BJ9GH9875D=H5@=GH<9GIAC:5J9F5;965@5B79G<99H9EI=HM
896H9L7@CF8F98=H96H
5B8B9HD9BG=CB
()@=56=@=HM
J :=/=0/4? ,9,20/%0.04A,-70> :>?:8;,=,-70# 0,>@=0!0?49,9.0%0.04A,-70>;7@>!0?9A0>?809?

49";0=,?4920,>0>U&95GIF9C:CF8F98=HWGHCH5@B9HF979=J56@9G
9L7@I8=B;IB95FB98=BH9F9GHGIDD@9A9BHG5B8
F9G=8I5@GIDDCFH
5B8CH<9FDF=A5F=@M577IAI@5H98GIDD@9A9BH5@89DF97=5H=CB-<9
A95GIF9=GIG9:I@HCA5B5;9A9BH5B8=BJ9GHCFG5G=H7@CG9@M5DDFCL=A5H9GH<97IGHCA9FWGCIHGH5B8=B;65@5B79CBH<9
F979=J56@9G
K<=7<=GH<965G=G:CF95FB=B;F9J9BI9
J :=/=0/4? ,9,20/0A0=,20 :>?:8;,=,-70# 0,>@=049,9.4,7&?,?0809?0A0=,20UCF8F98=HWG

896HHC9EI=HMF5H=C58>IGH98=HC9L7@I8975G<
75G<9EI=J5@9BHG
5B8A5F?9H56@9G97IF=H=9GCH<9FH<5B5ACIBHG
F9@5H98HC=BGIF5B7957H=J=H=9G
5B8==:CF89F=J5H=J9577CIBH=B;-<9A95GIF9=GIG9:I@HC=BJ9GHCFG6975IG9=H
F9:@97HGH<9K5MCF8F98=HA5B5;9G=HG6IG=B9GG5G<
75G<9EI=J5@9BHG
5B8A5F?9H56@9G97IF=H=9G5F9898I7H98
6975IG9H<9M;9B9F5@@M7CFF9GDCB8HC9L79GG896H69MCB8H<95ACIBHF9EI=F98HCGIDDCFHCD9F5H=CBG5B8CB65@5B79
G<99HG97IF=H=N5H=CBHF5BG57H=CBG9F=J5H=J9577CIBH=B;58>IGHA9BHG5F9A589HC5GG9H
896H
5B89EI=HMDCG=H=CBGHC
F9:@97HH<9=AD57HC:=BH9F9GHF5H9=BGHFIA9BHGIG98K=H<CF8F98=HWGH9FA896H=GGI5B79G5B8G97IF=H=N5H=CB
HF5BG57H=CBGCF8F98=H;9B9F5@@MF9D5MG=HG896HC6@=;5H=CBG5GH<9MA5HIF9
GCH<9=BH9F=A9::97HGC:7<5B;9G=B
A5F?9H=BH9F9GHF5H9G5F99L7@I898=BH<975@7I@5H=CBC:A5B5;98@9J9F5;9

?08 ,9,20809?G>4>.@>>4:9,9/9,7D>4>:149,9.4,7:9/4?4:9,9/%0>@7?>:1";0=,?4:9>:9?49@0/
!"!#!! &(%%"!'"!&
-<9:C@@CK=B;H56@9GG<CKCIF'CB ):=B5B7=5@A95GIF9F97CB7=@=5H=CBG-<9 )F97CB7=@=5H=CB:CFCF8F98=H

&5B5;98%9J9F5;975B69:CIB8=BH<9CF8F98=H,9;A9BHG97H=CBC:X%=EI=8=HM5B85D=H5@+9GCIF79GY
!1@:/;91;??%1/;:/585-@5;:@;06A?@10'

'9H=B7CA9 @CGG5HHF=6IH56@9HCCF8 )

"B7CA9 %CGG5HHF=6IH56@9HCBCB7CBHFC@@=B;=BH9F9GHG
'9H=B7CA9 @CGG

%9GG)FCJ=G=CB:CF 9B9:=H:FCA=B7CA9H5L9G

%9GG,D97=5@=H9AGDF9H5L

"B7CA9 %CGG69:CF9GD97=5@=H9AGDF9H5L

%9GG"BH9F9GHCB896H

8>IGH98"-'CB )

&9AC
+9J9BI9
'9H=B7CA9 @CGGA5F;=B
8>IGH98"-A5F;=B
->:5:3?;??<1>&4->1%1/;:/585-@5;:@;06A?@10->:5:3?;??<1>&4->1

=@IH98:H9F-5L+9GI@HG&
=@IH985:H9FH5LF9GI@HG )

%9GG"AD57HC:DF9H5L5B8H5LGD97=5@=H9AG

%9GG'CB7CBHFC@@=B;=BH9F9GHG=AD57HC:+IGG=5F9GHFI7HIF=B; V V
8>IGH98B9H=B7CA9=@IH98'CB )

5G=75B8=@IH98,<5F9G&
5G=7G<5F9G5J9F5;9G<5F9GCIHGH5B8=B;

'9H8=@IH=J9CDH=CBG
IBJ9GH98F9GHF=7H98GHC7?IB=HG
5B8F9GHF=7H98GHC7?
=@IH98G<5F9G

5FB=B;G %CGGD9FG<5F98=@IH98 )5

%9GG'9H=AD57HC:58>IGHA9BHG
8>IGH9895FB=B;GD9FG<5F98=@IH98'CB )
444444444
5 -<975@7I@5H=CB9L7@I89GH<9A=@@=CBG<5F9GC:B9H8=@IH=J9CDH=CBG
5B8F9GHF=7H98GHC7?8I9HCH<9=F
5BH=8=@IH=J99::97H

?08 ,9,20809?G>4>.@>>4:9,9/9,7D>4>:149,9.4,7:9/4?4:9,9/%0>@7?>:1";0=,?4:9>:9?49@0/
221/@5B1'-D%-@1%1/;:/585-@5;:@;06A?@10221/@5B1'-D%-@1

)F9-5L+9GI@HG&
"B7CA9 %CGG69:CF9=B7CA9H5L9G )

%9GG"AD57HC:GD97=5@=H9AG

8>IGH9895FB=B;G69:CF9H5L9G'CB )

-5L9G&
)FCJ=G=CB:CF 9B9:=H:FCA=B7CA9H5L9G )
%9GG"AD57HC:GD97=5@=H9AG5

8>IGH98DFCJ=G=CB:CF 69B9:=H:FCA=B7CA9H5L9G'CB )
-5L+5H9
::97H=J9H5LF5H9 )
8>IGH989::97H=J9H5LF5H9'CB )
444444444
5 =B7@I89G6=@@=CBF9@5H98HCH<99GH56@=G<A9BHC:J5@I5H=CB5@@CK5B79G5;5=BGHDF=A5F=@M.,H5L7F98=HG
!1@-?4#>;B5010.E(?105:"<1>-@5:3/@5B5@51?%1/;:/585-@5;:@;;9<-:E06A?@10>11-?48;C

'9H75G<DFCJ=8986M IG98=BCD9F5H=B;57H=J=H=9G )

%9GG"H9AGBCH=B7@I898=BCAD5BM8>IGH98F995G<@CKG
CF8F98=HCD9F5H=B;75G<:@CKG

IB898D9BG=CB7CBHF=6IH=CBG
@C65@+989G=;B=B7@I8=B;G9D5F5H=CBG
CF8F98=HH5LD5MA9BHG F9:IB8GIB89FH5LG<5F=B;5;F99A9BH V

(H<9F
B9H
88"H9AG=B7@I898=BCAD5BM8>IGH98F995G<@CKG
IHCACH=J95B8&C6=@=HM75D=H5@GD9B8=B;


,9HH@9A9BHC:89F=J5H=J9G
)=JCH5@7CBJ9FG=CBHC5A5F?9H56@9G97IF=HM V V
CAD5BM58>IGH98:F9975G<:@CK'CB )

4444444444

?08 ,9,20809?G>4>.@>>4:9,9/9,7D>4>:149,9.4,7:9/4?4:9,9/%0>@7?>:1";0=,?4:9>:9?49@0/
;>0>105@!1@%1/15B-.81?%1/;:/585-@5;:@; -:-310%1/15B-.81?

CF8F98=H:=B5B79F979=J56@9G
B9H )5
'9H=BJ9GHA9BHG=BCD9F5H=B;@95G9G )5
CBGC@=85H=B;58>IGHA9BHG6
-CH5@B9HF979=J56@9G
!9@8:CFG5@9F979=J56@9G ) V V

CF8F98=HIB95FB98=BH9F9GHGIDD@9A9BHG5B8F9G=8I5@GIDDCFH
@@CK5B79:CF7F98=H@CGG9G
(H<9F
DF=A5F=@M577IAI@5H98GIDD@9A9BH5@89DF97=5H=CB
-CH5@A5B5;98F979=J56@9G'CB )
4444444444
5 "B7@I89G:=B5B79F979=J56@9GF9H5=@5B8K<C@9G5@9GC@8:CF@9;5@DIFDCG9G5B8B9H=BJ9GHA9BH=BCD9F5H=B;@95G9G=B7@I898=BG97IF=H=N5H=CB
HF5BG57H=CBGH<5H8CBCHG5H=G:MH<9F9EI=F9A9BHG:CF577CIBH=B;G5@9HF95HA9BH-<9G9F979=J56@9G5B8CD9F5H=B;@95G9G5F9F9DCFH98CBCF8
F98=HWG65@5B79G<99HG5B85F95J5=@56@9CB@M:CFD5MA9BHC:H<9896H=GGI986M
H<9G97IF=H=N5H=CB9BH=H=9GH<5H5F9D5FH=9G
HCH<CG9G97IF=H=N5H=CBHF5BG57H=CBGH<9M5F9BCH5J5=@56@9HCD5MH<9CH<9FC6@=;5H=CBGC:CF8F98=HCFH<97@5=AGC:CF8F98=HWGCH<9F7F98=HCFG
6 )F=A5F=@M=B7@I89GIHCACH=J9G9;A9BHF979=J56@9GDIF7<5G986MCF8F98=HK<=7<5F97@5GG=:=98HC'=,/0,9/:?30==0.04A,-70>CBCIF
7CBGC@=85H9865@5B79G<99HG@GC=B7@I89G9@=A=B5H=CBGC:=BH9FG9;A9BHHF5BG57H=CBG

?08 ,9,20809?G>4>.@>>4:9,9/9,7D>4>:149,9.4,7:9/4?4:9,9/%0>@7?>:1";0=,?4:9>:9?49@0/
&(## !'!"% '"!
-<9H56@9G69@CKDFCJ=89GIDD@9A9BH5@7CBGC@=85H=B;:=B5B7=5@=B:CFA5H=CB5B8CH<9F:=B5B7=5@=B:CFA5H=CBCAD5BM
9L7@I8=B;CF8F98=H=B7@I89GCIFIHCACH=J95B8&C6=@=HMF9DCFH56@9G9;A9BHG
CFDCF5H9(H<9F
"BH9F9GHCB96H
5B8
,D97=5@"H9AG@=A=B5H=CBG
K<9F9DF9G9BH98
DF=A5F=@MF9DF9G9BH9@=A=B5H=CBGC:=BH9FG9;A9BHHF5BG57H=CBG5B889:9FF98
H5LB9HH=B;
&070.?0/,>37:B91:=8,?4:9-<9:C@@CK=B;H56@9GDFCJ=89GIDD@9A9BH5@75G<:@CK=B:CFA5H=CB=BA=@@=CBG
;>@41,1->:0101/19.1>

;9<-:E
1D/8A05:3
-?428;C?2>;9;<1>-@5:3-/@5B5@51? ;>0>105@ ;>0>105@ 8595:-@5;:? ;:?;850-@10
'9H=B7CA9 @CGG

V


V

(H<9F5ACFH=N5H=CB
V

!9@8:CFG5@9=AD5=FA9BH7<5F;9G V V
F5N=@A5BI:57HIF=B;9L=HBCB75G<7<5F;9G9L7@I8=B;
5779@9F5H9889DF97=5H=CBC:
V V

)FCJ=G=CB:CF7F98=H5B8=BGIF5B79@CGG9G V
)9BG=CB5B8()9LD9BG9 =B7CA9
V V

EI=HM=BJ9GHA9BH8=J=89B8GF979=J98=B9L79GGC:95FB=B;G @CGG9G V
CF9=;B7IFF9B7M58>IGHA9BHG V
'9H;5=B @CGGCB7<5B;9G=B=BJ9GHA9BHG=B5::=@=5H9G
V

,HC7?7CAD9BG5H=CB V
)FCJ=G=CB:CF89:9FF98=B7CA9H5L9G V
97F95G9 "B7F95G9=B:=B5B79F979=J56@9GK<C@9G5@95B8CH<9F V
V

97F95G9 "B7F95G9=B=BH9FG9;A9BHF979=J56@9G D5M56@9G V V
97F95G9 "B7F95G9=B577CIBHGF979=J56@95B8CH<9F5GG9HG V
97F95G9 "B7F95G9=B=BJ9BHCFM V V
"B7F95G9 97F95G9=B577CIBHGD5M56@95B8577FI985B8CH<9F@=56=@=H=9G
V

(H<9F V
"BH9F9GHGIDD@9A9BHG5B8F9G=8I5@J5@I9GIDDCFHHCCF8F98=H

V V
'9H75G<DFCJ=8986M IG98=BCD9F5H=B;57H=J=H=9G

V

-?428;C?2>;95:B1?@5:3-/@5B5@51?
5D=H5@GD9B8=B;
V

7EI=G=H=CBGC::=B5B79F979=J56@9G5B8CD9F5H=B;@95G9G V
V

C@@97H=CBGC::=B5B79F979=J56@9G5B8CD9F5H=B;@95G9G V
V

)FC7998G:FCAG5@9C:6IG=B9GG V
V

)IF7<5G9GC:A5F?9H56@9G97IF=H=9G5B8CH<9F=BJ9GHA9BHG

V

,5@9G5B8A5HIF=H=9GC:A5F?9H56@9G97IF=H=9G5B8CH<9F
=BJ9GHA9BHG

V

,9HH@9A9BHGC:89F=J5H=J9G V
(H<9F V V
"BJ9GH=B;57H=J=HMHC :FCACH<9FG9;A9BHG

V
'9H75G<DFCJ=8986M IG98=B=BJ9GH=B;57H=J=H=9G

-?428;C?2>;925:-:/5:3-/@5B5@51?
5G<D5MA9BHG:CF8=J=89B8G5B88=J=89B89EI=J5@9BHG V V
)IF7<5G9GC:7CAACBGHC7? V V V V
'9H7<5B;9G=BG<CFHH9FA896H
V

)FC7998G:FCA=GGI5B79C:@CB;H9FA896H

V

)F=B7=D5@D5MA9BHGCB@CB;H9FA896H

V

(H<9F V
=B5B7=B;57H=J=HMHC :FCACH<9FG9;A9BHG

V
'9H75G<DFCJ=8986M IG98=B:=B5B7=B;57H=J=H=9G

::97HC:9L7<5B;9F5H97<5B;9GCB75G<
75G<9EI=J5@9BHG
5B8F9GHF=7H9875G< V

?08 ,9,20809?G>4>.@>>4:9,9/9,7D>4>:149,9.4,7:9/4?4:9,9/%0>@7?>:1";0=,?4:9>:9?49@0/
&070.?0/9.:80&?,?0809?91:=8,?4:9-<9:C@@CK=B;H56@9DFCJ=89GGIDD@9A9BH5@=B7CA9GH5H9A9BH=B:CFA5H=CB=B
A=@@=CBG
;>@41,1->:0101/19.1>

;9<-:E1D/8A05:3;>0>105@
A@;9;@5B1 ;.585@E "@41>- &A.@;@-8 ;>0>105@ ;:?;850-@10

+9J9BI9G
V

-CH5@7CGHG5B89LD9BG9G

(D9F5H=B;=B7CA9 @CGG

"BH9F9GH9LD9BG9CBIHCACH=J9896H V V

V

"BH9F9GH9LD9BG9CB(H<9F896H V V V
(H<9F=B7CA9 @CGG
B9H

EI=HM=BB9H=B7CA9 @CGGC:5::=@=5H987CAD5B=9G

)FCJ=G=CB:CF 9B9:=H:FCA=B7CA9H5L9G
'9H=B7CA9 @CGG

%9GG"B7CA95HHF=6IH56@9HCBCB7CBHFC@@=B;
=BH9F9GHG V V V
'9H=B7CA9 @CGG5HHF=6IH56@9HCCF8&CHCF
CAD5BM

4444444444
5 (H<9F=B7@I89GCFDCF5H9(H<9F
"BH9F9GHCB96H
5B8,D97=5@"H9AG

?08 ,9,20809?G>4>.@>>4:9,9/9,7D>4>:149,9.4,7:9/4?4:9,9/%0>@7?>:1";0=,?4:9>:9?49@0/
&070.?0/,7,9.0&300?91:=8,?4:9-<9:C@@CK=B;H56@9GDFCJ=89GIDD@9A9BH5@65@5B79G<99H=B:CFA5H=CB=B
A=@@=CBG
1/19.1>

;9<-:E
1D/8A05:3
??1@? ;>0>105@ ;>0>105@ 8595:-@5;:? ;:?;850-@10

V

&5F?9H56@9G97IF=H=9G

V

CF8F98=H:=B5B79F979=J56@9G
B9H V
V

-F5895B8CH<9FF979=J56@9G
B9H

V

"BJ9BHCF=9G
V V

GG9HG<9@8:CFG5@9 V
(H<9F5GG9HG

V

+979=J56@9:FCACH<9FG9;A9BHG V

V
-CH5@7IFF9BH5GG9HG

CF8F98=H:=B5B79F979=J56@9G
B9H V
V

'9H=BJ9GHA9BH=BCD9F5H=B;@95G9G

V

'9HDFCD9FHM
V

EI=HM=BB9H5GG9HGC:5::=@=5H987CAD5B=9G
V

9:9FF98=B7CA9H5L9G

(H<9F5GG9HG

V

+979=J56@9:FCACH<9FG9;A9BHG V
-CH5@5GG9HG

5-.585@51?
)5M56@9G

V

(H<9F@=56=@=H=9G5B889:9FF98F9J9BI9

V

IHCACH=J9896HD5M56@9K=H<=BCB9M95F
V V

CF8F98=H896HD5M56@9K=H<=BCB9M95F V
V

(H<9F896HD5M56@9K=H<=BCB9M95F V V
%=56=@=H=9G<9@8:CFG5@9 V V V V
)5M56@9HCCH<9FG9;A9BHG
V
V
-CH5@7IFF9BH@=56=@=H=9G

(H<9F@=56=@=H=9G5B889:9FF98F9J9BI9

V

IHCACH=J9@CB;H9FA896H
V V

CF8F98=H@CB;H9FA896H V
V

(H<9F@CB;H9FA896H V V
9:9FF98=B7CA9H5L9G

)5M56@9HCCH<9FG9;A9BHG V V
-CH5@@=56=@=H=9G

?08 ,9,20809?G>4>.@>>4:9,9/9,7D>4>:149,9.4,7:9/4?4:9,9/%0>@7?>:1";0=,?4:9>:9?49@0/
&070.?0/"?30=91:=8,?4:9
<@4?DH979A69F

HCH5@9EI=HM5HHF=6IH56@9HCCF8K5G6=@@=CB
5897F95G9C:6=@@=CB7CAD5F98
K=H<979A69F
H979A69F

HCH5@9EI=HM5HHF=6IH56@9HCCF8K5G6=@@=CB
5897F95G9C:
6=@@=CB7CAD5F98K=H<979A69F
-<989H5=@:CFH<97<5B;9G=GG<CKB69@CK=B6=@@=CBG

B?
B?

:/>1-?1 :/>1-?1
1/>1-?1 1/>1-?1
'9H=B7CA9 @CGG V
,<5F9<C@89F8=GHF=6IH=CBG
(H<9F7CADF9<9BG=J9=B7CA9 @CGG
8CDH=CBC:577CIBH=B;GH5B85F8G V
CAACBGHC7?=GGI98=B7@I8=B;G<5F965G987CAD9BG5H=CB=AD57HG
-CH5@

?08 ,9,20809?G>4>.@>>4:9,9/9,7D>4>:149,9.4,7:9/4?4:9,9/%0>@7?>:1";0=,?4:9>:9?49@0/
%'"(!'!&' '&
097CBG=89F5B577CIBH=B;9GH=A5H9HC697F=H=75@=:H<9577CIBH=B;9GH=A5H9F9EI=F9GIGHCA5?95GGIADH=CBG
56CIHA5HH9FGH<5HK9F9<=;<@MIB79FH5=B5HH<9H=A9H<9577CIBH=B;9GH=A5H9K5GA589
5B87<5B;9G=BH<99GH=A5H9
H<5H5F9F95GCB56@M@=?9@MHCC77IF:FCAD9F=C8HCD9F=C8
CFIG9C:8=::9F9BH9GH=A5H9GH<5HK9F95GCB56@M7CI@8<5J9IG98
=BH<97IFF9BHD9F=C8
KCI@8<5J95A5H9F=5@=AD57HCBCIF:=B5B7=5@7CB8=H=CBCFF9GI@HGC:CD9F5H=CBG
&5B5;9A9BH<5G8=G7IGG98H<989J9@CDA9BH5B8G9@97H=CBC:H<9G97F=H=75@577CIBH=B;9GH=A5H9GK=H<H<9I8=H
CAA=HH99C:CIFC5F8C:=F97HCFG"B588=H=CB
H<9F95F9CH<9F=H9AGK=H<=BCIF:=B5B7=5@GH5H9A9BHGH<5HF9EI=F9
9GH=A5H=CB
6IH5F9BCH899A987F=H=75@5G89:=B9856CJ9<5B;9G=B9GH=A5H9GIG98=BH<9G95B8CH<9F=H9AG7CI@8<5J9
5A5H9F=5@=AD57HCBCIF:=B5B7=5@GH5H9A9BHG
*->>-:@51?-:05180&1>B5/1/@5;:?
!,?@=0:1>?48,?0>%0<@4=0/09DFCJ=8965G9K5FF5BH=9GCBH<9DFC8I7HGK9G9@@:CFGD97=:=7D9F=C8GC:H=A95B8 CF
A=@95;9
K<=7<J5FM89D9B8=B;IDCBH<9HMD9C:DFC8I7H5B8H<9;9C;F5D<=7@C75H=CBC:=HGG5@9,9D5F5H9@M
K95@GC
D9F=C8=75@@MD9F:CFA:=9@8G9FJ=7957H=CBGF9@5H98HCG5:9HMF975@@G
9A=GG=CBF975@@G
5B8CH<9FDFC8I7H75AD5=;BG
)IFGI5BHHCH<9G9K5FF5BH=9G5B8:=9@8G9FJ=7957H=CBG
K9K=@@F9D5=F
F9D@579
CF58>IGH5@@D5FHGCB5J9<=7@9H<5H5F9
89:97H=J9=B:57HCFMGIDD@=98A5H9F=5@GCFKCF?A5BG<=D09577FI9H<99GH=A5H987CGHC:6CH<65G9K5FF5BHM7CJ9F5;9G
5B8:=9@8G9FJ=7957H=CBG5HH<9H=A9C:G5@9"B588=H=CB
:FCAH=A9HCH=A9
K9=GGI99LH9B898K5FF5BH=9G5HCIF9LD9BG9

H<99GH=A5H987CGHC:K<=7<=G577FI985HH<9H=A9C:=GGI5B79
>>@8;?4:9>,9/;;=:,.3(>0/099GH56@=G<CIF9GH=A5H9C:65G9K5FF5BHMC6@=;5H=CBGIG=B;5D5HH9FB98
9GH=A5H=CBAC89@09IG9<=GHCF=75@=B:CFA5H=CBF9;5F8=B;H<9B5HIF9
:F9EI9B7M
5B85J9F5;97CGHC:7@5=AG:CF957<
J9<=7@9@=B96MAC89@M95F09F99J5@I5H9CIF9GH=A5H9C:65G9K5FF5BHMC6@=;5H=CBGCB5F9;I@5F65G=GLD9F=9B79<5G
G<CKBH<5H=B=H=5@85H5:CF5BM;=J9BAC89@M95FA5M69JC@5H=@9H<9F9:CF9
CIFDFC79GGF9@=9GCB@CB;H9FA<=GHCF=75@
5J9F5;9GIBH=@GI::=7=9BH85H55F95J5=@56@9G57HI5@9LD9F=9B79697CA9G5J5=@56@9
K9IG9H<985H5HCID85H9H<9
<=GHCF=75@5J9F5;9G09H<9B7CAD5F9H<9F9GI@H=B;577FI5@GK=H<DF9G9BHGD9B8=B;F5H9GHC5GG9GGK<9H<9FH<965@5B79G
5F9589EI5H9HCA99H9LD97H98:IHIF9C6@=;5H=CBG5G98CBH<=G85H5
K9ID85H9CIF9GH=A5H9G5GB979GG5FM
=9@8G9FJ=7957H=CBG5F98=GH=B;I=G<56@9:FCAK5FF5BH=9G=BH<5HH<9MA5MC77IF=BD9F=C8G69MCB8H<965G9K5FF5BHM
7CJ9F5;9D9F=C8099GH56@=G<CIF9GH=A5H9GC::=9@8G9FJ=7957H=CBC6@=;5H=CBGIG=B;5D5HH9FB989GH=A5H=CBAC89@09
IG9<=GHCF=75@=B:CFA5H=CBF9;5F8=B;H<9B5HIF9
:F9EI9B7M
G9J9F=HM
5B85J9F5;97CGHC:7@5=AG:CF957<AC89@M95F09
5GG9GGCIFC6@=;5H=CB:CF:=9@8G9FJ=7957H=CBGCB5F9;I@5F65G=GIG=B;57HI5@7@5=AG9LD9F=9B795B8ID85H9CIF9GH=A5H9G
5GB979GG5FM
I9HCH<9IB79FH5=BHM5B8DCH9BH=5@JC@5H=@=HMC:H<9:57HCFGIG98=B9GH56@=G<=B;CIF9GH=A5H9G
7<5B;9G=BCIF
5GGIADH=CBG7CI@8A5H9F=5@@M5::97HCIF:=B5B7=5@7CB8=H=CB5B8F9GI@HGC:CD9F5H=CBG,99'CH9C:H<9'CH9GHCH<9
=B5B7=5@,H5H9A9BHG:CF=B:CFA5H=CBF9;5F8=B;K5FF5BHM5B8:=9@8G9FJ=7957H=CB7CGHG
#1:?5;:?-:0"@41>#;?@>1@5>191:@9<8;E111:125@?
!,?@=0:1>?48,?0>%0<@4=0/-<99GH=A5H=CBC:CIF89:=B9869B9:=HD9BG=CB5B8()D@5BC6@=;5H=CBG5B8
9LD9BG9GF9EI=F9GH<5HK9A5?9IG9C:9GH=A5H9GC:H<9DF9G9BHJ5@I9C:H<9DFC>97H98:IHIF9D5MA9BHGHC5@@D5FH=7=D5BHG

H5?=B;=BHC7CBG=89F5H=CBH<9@=?9@=<CC8C:DCH9BH=5@:IHIF99J9BHG
GI7<5G89AC;F5D<=79LD9F=9B795B8<95@H<75F97CGH
=B7F95G9G)@5BC6@=;5H=CBG5B89LD9BG9G5F965G98CB9L=GH=B;F9H=F9A9BHD@5BDFCJ=G=CBG'C5GGIADH=CB=GA589
F9;5F8=B;5BMDCH9BH=5@:IHIF97<5B;9GHC69B9:=HDFCJ=G=CBG69MCB8H<CG9HCK<=7<K95F9DF9G9BH@M7CAA=HH989;
=B
9L=GH=B;@56CF7CBHF57HG

?08 ,9,20809?G>4>.@>>4:9,9/9,7D>4>:149,9.4,7:9/4?4:9,9/%0>@7?>:1";0=,?4:9>:9?49@0/
>>@8;?4:9>,9/;;=:,.3(>0/-<95GGIADH=CBGIG98=B89J9@CD=B;H<9F9EI=F989GH=A5H9G=B7@I89H<9:C@@CK=B;
?9M:57HCFG
Z 4>.:@9?=,?0>(IF8=G7CIBHF5H95GGIADH=CBG5F965G98DF=A5F=@MCBH<9F9GI@HGC:75G<:@CKA5H7<=B;5B5@MG9G

K<=7<A5H7<H<9:IHIF975G<CIH:@CKG:CF957<A5>CFD@5BHC5M=9@87IFJ965G98CB<=;<EI5@=HM6CB8GGD97=:=7HC
H<97CIBHFMC:H<9D@5B9B9:=HD5MA9BHG5F98=G7CIBH985HH<9F5H9GCBH<97IFJ9HC89H9FA=B9H<9M95F9B8
C6@=;5H=CBG
Z C;0.?0/7:92?0=8=,?0:1=0?@=9:9;7,9,>>0?>(IF9LD97H98@CB;H9FAF5H9C:F9HIFB7CBG=89FG=BDIHG:FCA5
F5B;9C:58J=GCFG:CF75D=H5@A5F?9HF9HIFBG
=B:@5H=CB
6CB8M=9@8G
5B8CH<9FJ5F=56@9G
58>IGH98:CFGD97=:=7
5GD97HGC:CIF=BJ9GHA9BHGHF5H9;M6MD@5B!=GHCF=75@F9HIFBG5@GC5F97CBG=89F98K<9B5DDFCDF=5H9-<9
5GGIADH=CB=G65G98CB7CBG=89F5H=CBC:5@@=BDIHG
K=H<5:C7IGCB@CB;H9FAHF9B8GHC5JC=8G<CFHH9FAA5F?9H
=B:@I9B79G
Z &,7,=D2=:B?3(IFG5@5FM;FCKH<5GGIADH=CBF9:@97HGCIF57HI5@9LD9F=9B79
@CB;H9FACIH@CC?
5B85GGIA98
=B:@5H=CB
Z 917,?4:9(IF=B:@5H=CB5GGIADH=CB=G65G98CB5B9J5@I5H=CBC:9LH9FB5@A5F?9H=B8=75HCFG
=B7@I8=B;F95@;FCGG
8CA9GH=7DFC8I7H;FCKH<5B879BHF5@65B?=B:@5H=CBH5F;9HG
J C;0.?0/.:9?=4-@?4:9>(IF9LD97H985ACIBH5B8H=A=B;C:7CBHF=6IH=CBG5F965G98CB5B5GG9GGA9BHC:
A=B=AIAF9EI=F9A9BHG
75G<5J5=@56=@=HM
5B8CH<9F7CBG=89F5H=CBG9;
:IB898GH5HIG
5JC=85B79C:F9;I@5HCFM
DF9A=IAG5B8@9J=9G
5B8H5L9::=7=9B7M
Z %0?4=0809?=,?0>+9H=F9A9BHF5H9G5F989J9@CD98HCF9:@97H57HI5@5B8DFC>97H98D@5B9LD9F=9B79
Z :=?,74?D=,?0>&CFH5@=HMF5H9G5F989J9@CD98HCF9:@97H57HI5@5B8DFC>97H98D@5B9LD9F=9B79
Z 0,7?3.,=0.:>??=09/>(IF<95@H<75F97CGHHF9B85GGIADH=CBG5F989J9@CD9865G98CB<=GHCF=75@7CGH85H5
H<9
B95FH9FACIH@CC?
5B85B5GG9GGA9BHC:@=?9@M@CB;H9FAHF9B8G
GGIADH=CBG5F9G9H5H957<M95F9B85B85F9;9B9F5@@MBCH7<5B;988IF=B;H<9M95FIB@9GGH<9F9=G5A5>CFD@5B
9J9BH
GI7<5G57IFH5=@A9BHCFG9HH@9A9BHH<5HKCI@8HF=;;9F5D@5BF9A95GIF9A9BH
,99'CH9C:H<9'CH9GHCH<9=B5B7=5@,H5H9A9BHG:CFACF9=B:CFA5H=CBF9;5F8=B;D9BG=CB5B8()7CGHG5B8
5GGIADH=CBG
#09>4:9#7,9>
110.?:1.?@,7%0>@7?>-<9M95F9B8K9=;<H985J9F5;98=G7CIBHF5H9K5G:CF.,D@5BG5B8:CF

BCB.,D@5BG
F9:@97H=B;897F95G9GC:5B865G=GDC=BHG
F9GD97H=J9@M
7CAD5F98K=H<M95F9B8"B
H<9
.,57HI5@F9HIFBCB5GG9HGK5G
K<=7<K5G<=;<9FH<5BH<99LD97H98@CB;H9FAF5H9C:F9HIFBC:'CB
.,57HI5@F9HIFBCB5GG9HGK5G
K<=7<K5G<=;<9FH<5BH<99LD97H98@CB;H9FAF5H9C:F9HIFBC:"BHCH5@

H<9G98=::9F9B79G
=B588=H=CBHC89AC;F5D<=75B8CH<9FID85H9G
F9GI@H98=B5B9HF9A95GIF9A9BH@CGGC:A=@@=CB

K<=7<<5G699BF97C;B=N98K=H<=BB9HD9F=C8=769B9:=H7CGH5B8F9DCFH985G5GD97=5@=H9A
CF
H<99LD97H98@CB;H9FAF5H9C:F9HIFBCB5GG9HG=G:CF.,D@5BG
8CKB65G=GDC=BHG:FCA

5B8:CFBCB.,D@5BG
8CKB65G=GDC=BHG7CAD5F98K=H<5M95F5;C
F9:@97H=B;5@CK9F7CBG9BGIGCB75D=H5@
A5F?9HF9HIFB9LD97H5H=CBG:FCA58J=GCFG
0=4>6492&?=,?02D099AD@CM56FC5889F=G?=B;GHF5H9;M:CFCIF;@C65@:IB898D@5BGH<5H=B7F95G9GH<9A5H7<=B;

7<5F57H9F=GH=7GC:CIF5GG9HGF9@5H=J9HCCIFC6@=;5H=CB5G:IB898GH5HIG=ADFCJ9G<5B;9G=B=BH9F9GHF5H9G
K<=7<8=F97H@M
=B:@I9B797<5B;9G=B8=G7CIBHF5H9G
=B588=H=CBHCCH<9F:57HCFG<5J95G=;B=:=75BH=AD57HCBH<9J5@I9C:CIFD9BG=CB
C6@=;5H=CB5B8:=L98=B7CA95GG9HDCFH:C@=C(IF89F=G?=B;GHF5H9;M<5G=B7F95G98H<95@@C75H=CBHC:=L98=B7CA9
=BJ9GHA9BHG5B8F98I798CIF:IB898GH5HIGG9BG=H=J=HMHC7<5B;9G=B=BH9F9GHF5H9G<5B;9G=B=BH9F9GHF5H9GG<CI@8F9GI@H
=BC::G9HH=B;9::97HG=BH<9J5@I9C:CIFD9BG=CBC6@=;5H=CB5B8H<9J5@I9C:H<9:=L98=B7CA95GG9HDCFH:C@=C

?08 ,9,20809?G>4>.@>>4:9,9/9,7D>4>:149,9.4,7:9/4?4:9,9/%0>@7?>:1";0=,?4:9>:9?49@0/
&09>4?4A4?D9,7D>4>-<9979A69F
D9BG=CB:IB898GH5HIG5B89LD9BG95F95::97H986MM95F9B8
5GGIADH=CBG,9BG=H=J=H=9GHCH<9G95GGIADH=CBGA5M695GMAA9HF=75B85F9GD97=:=7HCH<9H=A9D9F=C8GBCH98
-<99::97HGC:7<5B;9G=BH<9:57HCFGH<5H;9B9F5@@M<5J9H<9@5F;9GH=AD57HCBM95F9B8:IB898GH5HIG5B8D9BG=CB
9LD9BG95F98=G7IGG9869@CK
=G7CIBHF5H9G5B8=BH9F9GHF5H9G<5J9H<9@5F;9GH=AD57HCBCIFC6@=;5H=CBG5B8:=L98=B7CA95GG9HG-<9H56@969@CK
9GH=A5H9GH<99::97HCBCIF:IB898GH5HIGC:5B=B7F95G9 897F95G9=B8=G7CIBHF5H9G5B8=BH9F9GHF5H9G=BA=@@=CBG
:/>1-?11/>1-?15:
-?5? 1/19.1>
A:010&@-@A?
#;5:@
-/@;> 4-:31 (&#8-:? !;:(&#8-:?
=G7CIBHF5H9C6@=;5H=CB 6DG

"BH9F9GHF5H9:=L98=B7CA95GG9HG

'9H=AD57HCB:IB898GH5HIG

-<9:=L98=B7CA95GG9HG9BG=H=J=HMG<CKB9L7@I89GCH<9F:=L98=B7CA9F9HIFB7CADCB9BHG9;
7<5B;9G=B7F98=H
GDF958G
6CB87CIDCB5B857H=J9A5B5;9A9BH9L79GGF9HIFBG
5B8;FCKH<5GG9HF9HIFBG(H<9F:57HCFGH<5H5::97HB9H
:IB898GH5HIG9;
7CBHF=6IH=CBG5F9BCHF9:@97H98
"BH9F9GHF5H9G5B8H<99LD97H98@CB;H9FAF5H9C:F9HIFBCB5GG9HG<5J9H<9@5F;9GH9::97HCBD9BG=CB9LD9BG9-<9G9

5GGIADH=CBG5F9;9B9F5@@MG9H5H957<M95F9B8:CF9LD9BG9F97CF898H<FCI;<CIHH<9:C@@CK=B;M95F-<9H56@969@CK
9GH=A5H9GH<99::97HCBD9BG=CB9LD9BG9C:5<=;<9F @CK9F5GGIADH=CB:CFH<9G9:57HCFG=BA=@@=CBG
:/>1-?11/>1-?15:
-?5? 1/19.1>
#1:?5;:D<1:?1
#;5:@
-/@;> 4-:31 (&#8-:? !;:(&#8-:?
"BH9F9GHF5H9G9FJ=797CGH5B8=BH9F9GH7CGH 6DG
LD97H98@CB;H9FAF5H9C:F9HIFBCB5GG9HG
-<99::97HC:7<5B;=B;AI@H=D@9:57HCFGG=AI@H5B9CIG@M75BBCH6975@7I@5H986M7CA6=B=B;H<9=B8=J=8I5@G9BG=H=J=H=9G
-<9G9BG=H=J=HMC:D9BG=CB9LD9BG9HC5B=B7F95G9=B8=G7CIBHF5H9G5GGIADH=CBGA5MBCH69@=B95F
"?30=#:>?=0?4=0809?8;7:D0009014?>
110.?:1.?@,7%0>@7?>-<9K9=;<H985J9F5;98=G7CIBHF5H9IG98HC89H9FA=B9H<969B9:=HC6@=;5H=CB:CFKCF@8K=89
()D@5BG5H979A69F
K5G
7CAD5F98K=H<5H979A69F

F9GI@H=B;=B5KCF@8K=89B9H
F9A95GIF9A9BH@CGGC:A=@@=CB
K<=7<<5G699BF97C;B=N98K=H<=BB9HD9F=C8=769B9:=H7CGH5B8F9DCFH985G5GD97=5@
=H9A
&09>4?4A4?D9,7D>4>=G7CIBHF5H9G5B8=BH9F9GHF5H9G<5J9H<9@5F;9GH9::97HCBCIF()C6@=;5H=CB5B89LD9BG9
-<9H56@969@CK9GH=A5H9GH<99::97HCB()9LD9BG9C:<=;<9F @CK9F5GGIADH=CBG:CFH<9G9:57HCFG=BA=@@=CBG
*;>80C501"#
:/>1-?1
-?5? 1/>1-?1 :/>1-?1
#;5:@ , 1/>1-?1
-/@;> 4-:31 ".853-@5;: D<1:?1
=G7CIBHF5H9C6@=;5H=CB 6DG '
"BH9F9GHF5H9G9FJ=797CGH5B8=BH9F9GH7CGH '
:/;91'-D1?
!,?@=0:1>?48,?0>%0<@4=0/09AIGHA5?99GH=A5H9G5B85DD@M>I8;A9BH=B89H9FA=B=B;H<9DFCJ=G=CB:CF=B7CA9
H5L9G:CF:=B5B7=5@F9DCFH=B;DIFDCG9G09A5?9H<9G99GH=A5H9G5B8>I8;A9BHGDF=A5F=@M=BH<9:C@@CK=B;5F95G=H<9
75@7I@5H=CBC:H5L7F98=HG
==H<975@7I@5H=CBC:8=::9F9B79G=BH<9H=A=B;C:F97C;B=H=CBC:F9J9BI95B89LD9BG9:CFH5L
F9DCFH=B;5B8:=B5B7=5@GH5H9A9BHDIFDCG9G
5GK9@@5G===H<975@7I@5H=CBC:=BH9F9GH5B8D9B5@H=9GF9@5H98HCIB79FH5=BH5L
DCG=H=CBG<5B;9G=BH<9G99GH=A5H9G5B8>I8;A9BHGA5MF9GI@H=B5A5H9F=5@=B7F95G9CF897F95G9HCCIFH5LDFCJ=G=CB

K<=7<KCI@869F97CF898=BH<9D9F=C8=BK<=7<H<97<5B;9C77IFG

?08 ,9,20809?G>4>.@>>4:9,9/9,7D>4>:149,9.4,7:9/4?4:9,9/%0>@7?>:1";0=,?4:9>:9?49@0/
>>@8;?4:9>,9/;;=:,.3(>0/095F9GI6>97HHCH<9=B7CA9H5L@5KG5B8F9;I@5H=CBGC:H<9A5BM>IF=G8=7H=CBG=B
K<=7<K9CD9F5H9-<9G9H5L@5KG5B8F9;I@5H=CBG5F97CAD@9L5B8=BJC@J9IB79FH5=BH=9G=BH<95DD@=75H=CBHCCIF:57HG
5B87=F7IAGH5B79GH<5HA5M69CD9BHC=BH9FDF9H5H=CB09F97C;B=N969B9:=HG:CFH<9G9IB79FH5=BH5LDCG=H=CBG65G98
IDCB5DFC79GGH<5HF9EI=F9G>I8;A9BHF9;5F8=B;H<9H97<B=75@5DD@=75H=CBC:H<9@5KG
F9;I@5H=CBG
5B8J5F=CIGF9@5H98
>I8=7=5@CD=B=CBG":
=BCIF>I8;A9BH
=H=GACF9@=?9@MH<5BBCH89:=B985G5@=?9@=<CC8C:ACF9H<5BH<5HH<9IB79FH5=B
H5LDCG=H=CBK=@@69G9HH@98:5JCF56@M:CFIG
K99GH=A5H95B5ACIBHH<5HI@H=A5H9@MK=@@69F95@=N98-<=GDFC79GG=G
=B<9F9BH@MGI6>97H=J9G=B79=HF9EI=F9GCIF5GG9GGA9BHC:H<9DFC656=@=HMC::IHIF9CIH7CA9G099J5@I5H9H<9G9IB79FH5=B
H5LDCG=H=CBGCB5EI5FH9F@M65G=G
=B7@I8=B;7CBG=89F5H=CBC:7<5B;9G=B:57HG5B87=F7IAGH5B79G
GI7<5GB9KF9;I@5H=CBG
CFF979BH>I8=7=5@CD=B=CBG
5GK9@@5GH<9GH5HIGC:5I8=H57H=J=H=9G6MH5L=B;5IH<CF=H=9G<5B;9GHCCIF9GH=A5H9C:H<9
5ACIBHHC69F95@=N985F9F97CF898=BCIFDFCJ=G=CB:CF=B7CA9H5L9G8IF=B;H<9D9F=C8=BK<=7<H<97<5B;9C77IFF98
09AIGH5@GC5GG9GGH<9@=?9@=<CC8H<5HK9K=@@6956@9HCF97CJ9FCIF89:9FF98H5L5GG9HG5;5=BGH:IHIF9GCIF79GC:
H5L56@9=B7CA95B8F98I79H<975FFM=B;5ACIBHC:89:9FF98H5L5GG9HG6MF97CF8=B;5J5@I5H=CB5@@CK5B79=:
65G98CB5@@
5J5=@56@99J=89B79
=H=GACF9@=?9@MH<5BBCHH<5H5@@CF5DCFH=CBC:GI7<5GG9HGK=@@BCH69F95@=N98
-<=G5GG9GGA9BH
K<=7<=G7CAD@9H98CB5H5L=B;>IF=G8=7H=CB65G=G
H5?9G=BHC577CIBHJ5F=CIGHMD9GC:9J=89B79

=B7@I8=B;H<9:C@@CK=B;
Z !,?@=01=0<@09.D,9/>0A0=4?D:1.@==09?,9/.@8@7,?4A0149,9.4,7=0;:=?4927:>>0>D5HH9FBC:C6>97H=J9@M
A95GIF98F979BH:=B5B7=5@F9DCFH=B;@CGG9G=G<95J=@MK9=;<H985G5GCIF79C:B9;5H=J99J=89B7909;9B9F5@@M
7CBG=89F7IAI@5H=J9DF9H5L@CGG9G=BH<9H<F99M95FD9F=C89B8=B;K=H<H<97IFF9BHEI5FH9FHC69G=;B=:=75BH
B9;5H=J99J=89B79F9;5F8=B;:IHIF9DFC:=H56=@=HM095@GC7CBG=89FH<9GHF9B;H<5B8HF9B8C:95FB=B;G
5GK9@@5G
CH<9FF9@9J5BH:57HCFG"B79FH5=B7=F7IAGH5B79G
<=GHCF=75@=B:CFA5H=CBA5MBCH695GF9@9J5BH8I9HC7<5B;9G=B
CIF6IG=B9GGCD9F5H=CBG
Z &:@=.0>:11@?@=0?,C,-7049.:80IHIF9F9J9FG5@GC:9L=GH=B;H9ADCF5FM8=::9F9B79G5F9<95J=@MK9=;<H98
GCIF79GC:C6>97H=J9@MJ9F=:=56@9DCG=H=J99J=89B79)FC>97H=CBGC::IHIF9H5L56@9=B7CA99L7@IG=J9C:F9J9FG=B;
H9ADCF5FM8=::9F9B79G5F95GCIF79C:DCG=H=J99J=89B79CB@MK<9BH<9DFC>97H=CBG5F97CA6=B98K=H<5<=GHCFMC:
F979BHDFC:=HG5B875B69F95GCB56@M9GH=A5H98(H<9FK=G9
H<9G9DFC>97H=CBG5F97CBG=89F98=B<9F9BH@M
GI6>97H=J95B8;9B9F5@@MK=@@BCH69GI::=7=9BHHCCJ9F7CA9B9;5H=J99J=89B79H<5H=B7@I89GF9@9J5BH7IAI@5H=J9
@CGG9G=BF979BHM95FG
D5FH=7I@5F@M=:H<9DFC>97H98:IHIF9H5L56@9=B7CA9=G89D9B89BHCB5B5BH=7=D5H98
HIFB5FCIB8HCDFC:=H56=@=HMH<5H<5GBCHM9H699B57<=9J98"BGI7<75G9G
K9;9B9F5@@M;=J9H<9G9DFC>97H=CBGC:
:IHIF9H5L56@9=B7CA9BCK9=;<H:CFH<9DIFDCG9GC:CIFJ5@I5H=CB5@@CK5B795GG9GGA9BH5B8
Z ',C;7,99492>?=,?0240>":B979GG5FM5B85J5=@56@9
H5LD@5BB=B;GHF5H9;=9GKCI@869=AD@9A9BH98HC5779@9F5H9
H5L56@95ACIBHGHCIH=@=N99LD=F=B;75FFM:CFK5F8G-<9G9GHF5H9;=9GKCI@8695GCIF79C:588=H=CB5@DCG=H=J9
9J=89B795B8
89D9B8=B;CBH<9=FB5HIF9
7CI@869<95J=@MK9=;<H98
IF=B;
65G98CB5@@5J5=@56@99J=89B79
K99GH56@=G<98.,J5@I5H=CB5@@CK5B79GC:6=@@=CBDF=A5F=@M
5;5=BGHH5L7F98=HG
5G=H=GACF9@=?9@MH<5BBCHH<5HH<9G989:9FF98H5L5GG9HGK=@@BCH69F95@=N98"B5GG9GG=B;H<9
F95@=N56=@=HMC:89:9FF98H5L5GG9HG
K97CBG=89FH<9HF589C::G69HK99B75G<DF9G9FJ5H=CB5B875G<CIH@5MGHCDF9G9FJ9H5L
7F98=HG09DF9G9BH@M69@=9J9H<5H;@C65@J5@I5H=CB5@@CK5B79GC:6=@@=CB5F9F9EI=F980969@=9J9H<5HK9I@H=A5H9@MK=@@
F97CJ9FH<9F9A5=B=B;6=@@=CBC:89:9FF98H5L5GG9HG!CK9J9F
H<9I@H=A5H9F95@=N5H=CBC:CIF89:9FF98H5L5GG9HG=G
GI6>97HHC5BIA69FC:J5F=56@9G
=B7@I8=B;CIF:IHIF9DFC:=H56=@=HMK=H<=BF9@9J5BHH5L>IF=G8=7H=CBG
5B8:IHIF9H5LD@5BB=B;
5B8H<9F9@5H989::97HGCBCIF75G<5B8@=EI=8=HMDCG=H=CB77CF8=B;@M
CIFJ5@I5H=CB5@@CK5B79GA5M=B7F95G9CF897F95G9
=B:IHIF9D9F=C8G
CF588=H=CB5@=B:CFA5H=CBF9;5F8=B;=B7CA9H5L9G

?08 ,9,20809?G>4>.@>>4:9,9/9,7D>4>:149,9.4,7:9/4?4:9,9/%0>@7?>:1";0=,?4:9>:9?49@0/
9<-5>91:@;2;:35B10??1@?
!,?@=0:1>?48,?0>%0<@4=0/07/,9/(>0/:924A0/>>0?>09H9GHCIF@CB;@=J985GG9H;FCIDGK<9B
7<5B;9G=B7=F7IAGH5B79G=B8=75H9H<9=F75FFM=B;J5@I9A5MBCH69F97CJ9F56@9J9BHGH<5HHF=;;9F5H9GH:CFF97CJ9F56=@=HM
=B7@I89A5H9F=5@58J9FG97<5B;9G=BDFC>97H98F9J9BI9G5B89LD9BG9G
DF9G9BH75G<:@CK@CGG9G7CA6=B98K=H<5<=GHCFM
C:75G<:@CK@CGG9G5B85:CF975GHH<5H89ACBGHF5H9GG=;B=:=75BH7CBH=BI=B;@CGG9G
G=;B=:=75BHB9;5H=J9=B8IGHFMCF
97CBCA=7HF9B8G
57IFF9BH9LD97H5H=CBH<5H5@CB;@=J985GG9H;FCIDK=@@698=GDCG98C:G=;B=:=75BH@M69:CF9H<99B8C:=HG
IG9:I@@=:9
5G=;B=:=75BH58J9FG97<5B;9=BH<9A5BB9F=BK<=7<5B5GG9H;FCID=GIG98CF=B=HGD<MG=75@7CB8=H=CB
CFK<9B
H<9F9=G57<5B;9=BH<95GG9H;FCID=B;0<9B5HF=;;9F=B;9J9BHC77IFG
5H9GH:CFF97CJ9F56=@=HM=GD9F:CFA98
7CAD5F=B;
DFC>97H98IB8=G7CIBH98:IHIF975G<:@CKGHCH<975FFM=B;J5@I9C:H<95GG9H;FCID":H<9H9GH:CFF97CJ9F56=@=HM=89BH=:=9G5
DCGG=6@9=AD5=FA9BH
H<95GG9H;FCIDWG:5=FJ5@I9=GA95GIF98F9@M=B;DF=A5F=@MCB58=G7CIBH9875G<:@CKA9H<C8-CH<9
9LH9BH5J5=@56@9
K9K=@@5@GC7CBG=89FH<=F8D5FHMJ5@I5H=CBGC:CIF@CB;@=J985GG9HGH<5HK9F9DF9D5F98:CFCH<9F6IG=B9GG
DIFDCG9GB=AD5=FA9BH7<5F;9=GF97C;B=N98:CFH<95ACIBH6MK<=7<H<975FFM=B;J5@I9C:H<95GG9H;FCID9L7998G=HG
9GH=A5H98:5=FJ5@I90<9B5B=AD5=FA9BH@CGG=GF97C;B=N98:CF5GG9HGHC69<9@85B8IG98
H<958>IGH9875FFM=B;
5ACIBHGC:H<CG95GG9HG5F989DF97=5H98CJ9FH<9=FF9A5=B=B;IG9:I@@=:9
!,?@=0:1>?48,?0>%0<@4=0/07/1:=&,70";0=,?4:9>09D9F:CFA5B=AD5=FA9BHH9GHCB58=GDCG5@;FCIDHC69
8=G7CBH=BI98
<9@8:CFG5@9
CFCH<9FK=G98=GDCG98C:K<9BK9<5J97CAA=HH98HC5B57H=CB5B8H<957H=CB=G9LD97H98HC
697CAD@9H98K=H<=BCB9M95F099GH=A5H9:5=FJ5@I9HC5DDFCL=A5H9H<99LD97H98DFC7998GHC69F979=J98@9GG7CGHHC
G9@@5B87CAD5F9=HHCH<975FFM=B;J5@I9C:H<98=GDCG5@;FCIDB=AD5=FA9BH7<5F;9=GF97C;B=N98K<9BH<975FFM=B;
J5@I99L7998GH<99GH=A5H98:5=FJ5@I9095@GC5GG9GG:5=FJ5@I9=:7=F7IAGH5B79G5F=G9H<5HK9F97CBG=89F98IB@=?9@M
5B8
5G5F9GI@H
K9897=89BCHHCG9@@58=GDCG5@;FCIDDF9J=CIG@M7@5GG=:=985G<9@8:CFG5@9IDCBF97@5GG=:=75H=CB5G<9@8
5B8IG980<9BH<9F9=G57<5B;9HC5D@5BC:G5@9
5B8H<95GG9HG5F9F97@5GG=:=98:FCA<9@8:CFG5@9HC<9@85B8IG98

H<9@CB;@=J985GG9HGG<CI@869F9DCFH985HH<9@CK9FC:=H<975FFM=B;5ACIBH69:CF9<9@8:CFG5@989G=;B5H=CB
58>IGH98
:CF89DF97=5H=CBH<5HKCI@8<5J9699BF97C;B=N98=:H<95GG9HG<58BCH699B7@5GG=:=985G<9@8:CFG5@9CF==H<9:5=FJ5@I9
5HH<985H9H<95GG9HGBC@CB;9FG5H=G:MH<97F=H9F=5:CF7@5GG=:=75H=CB5G<9@8:CFG5@9
>>@8;?4:9>,9/;;=:,.3(>0/07/,9/(>0/:924A0/>>0?>09A95GIF9H<9:5=FJ5@I9C:5B5GG9H;FCID
65G98CBA5F?9HDF=79G=9
H<95ACIBH:CFK<=7<H<95GG9H7CI@869GC@8HC5H<=F8D5FHMK<9B5J5=@56@90<9BA5F?9H
DF=79G5F9BCH5J5=@56@9
K9;9B9F5@@M9GH=A5H9H<9:5=FJ5@I9C:H<95GG9H;FCIDIG=B;H<9=B7CA95DDFC57<5B8 CFH<9
A5F?9H5DDFC57<-<9=B7CA95DDFC57<IG9G75G<:@CKDFC>97H=CBG"B<9F9BH=BCIF89J9@CDA9BHC:75G<:@CKDFC>97H=CBG
5F95GGIADH=CBG5B89GH=A5H9G89F=J98:FCA5F9J=9KC:CIFCD9F5H=B;F9GI@HG
6IG=B9GGD@5B:CF975GHG
9LD97H98;FCKH<
F5H9G
5B87CGHC:75D=H5@
G=A=@5FHCH<CG95A5F?9HD5FH=7=D5BHKCI@8IG9HC5GG9GG:5=FJ5@I9095@GCA5?979FH5=B
5GGIADH=CBG56CIH:IHIF997CBCA=77CB8=H=CBG5B8CH<9F85H5&5BMC:H<9:57HCFGIG98=B5GG9GG=B;:5=FJ5@I95F9
CIHG=89H<97CBHFC@C:A5B5;9A9BH
5B8H<9G95GGIADH=CBG5B89GH=A5H9GA5M7<5B;9=B:IHIF9D9F=C8G
<5B;9G=B5GGIADH=CBGCF9GH=A5H9G75BA5H9F=5@@M5::97HH<9:5=FJ5@I9A95GIF9A9BHC:5B5GG9H;FCID5B8

H<9F9:CF9
75B5::97HH<9H9GHF9GI@HG-<9:C@@CK=B;5F9?9M5GGIADH=CBGK9IG9=BA5?=B;75G<:@CKDFC>97H=CBG
J @>490>>;=:50.?4:9>09A5?95GGIADH=CBG56CIHH<989A5B8:CFCIFDFC8I7HG=BH<9A5F?9HD@579-<9G9
5GGIADH=CBG8F=J9CIFD@5BB=B;5GGIADH=CBG:CFJC@IA9
A=L
5B8DF=7=B;095@GCA5?95GGIADH=CBG56CIHCIF7CGH
@9J9@G9;
75D57=HMIH=@=N5H=CB
7CGHD9F:CFA5B79-<9G9DFC>97H=CBG5F989F=J98IG=B;CIF=BH9FB5@6IG=B9GGD@5B
:CF975GHGH<5H5F9ID85H985H@95GH5BBI5@@M5B8F9J=9K986MCIFC5F8C:=F97HCFG
J :92?0=82=:B?3=,?0;FCKH<F5H9=GIG98HC75@7I@5H9H<9H9FA=B5@J5@I9C:H<96IG=B9GG5B8=G58898HCH<9
DF9G9BHJ5@I9C:H<9896H:F99=BH9F=A75G<:@CKG-<9;FCKH<F5H9=GH<99LD97H98F5H95HK<=7<56IG=B9GGIB=HWG
95FB=B;GGHF95A=GDFC>97H98HC;FCK69MCB8H<9D@5BB=B;D9F=C8
J 4>.:@9?=,?00<9BA95GIF=B;DCGG=6@9=AD5=FA9BH
:IHIF975G<:@CKG5F98=G7CIBH985H5F5H9H<5H=G7CBG=GH9BHK=H<
5K9=;<H985J9F5;97CGHC:75D=H5@H<5HK95BH=7=D5H95DCH9BH=5@A5F?9HD5FH=7=D5BHKCI@8IG909=;<H985J9F5;97CGH
C:75D=H5@=G5B9GH=A5H9C:H<9CJ9F5@@F=G?58>IGH98DF9H5LF5H9C:F9HIFB9LD97H986M9EI=HM5B8896H<C@89FGC:5
6IG=B9GG9BH9FDF=G9
J .:9:84.;=:50.?4:9>GGIADH=CBGF9;5F8=B;;9B9F5@97CBCA=77CB8=H=CBG5F9=B7@I898=B5B85::97HCIF
5GGIADH=CBGF9;5F8=B;=B8IGHFMG5@9G5B8DF=7=B;9GH=A5H9G:CFCIFJ9<=7@9G-<9G9A57FC97CBCA=75GGIADH=CBG
=B7@I89
6IH5F9BCH@=A=H98HC
=B8IGHFMG5@9GJC@IA9G
=B:@5H=CB
=BH9F9GHF5H9G
DF=79GC:F5KA5H9F=5@G9;

7CAAC8=H=9G
5B8:CF9=;B7IFF9B7M9L7<5B;9F5H9G

?08 ,9,20809?G>4>.@>>4:9,9/9,7D>4>:149,9.4,7:9/4?4:9,9/%0>@7?>:1";0=,?4:9>:9?49@0/
IF=B;
K99LD9F=9B798HF=;;9F=B;9J9BHG=B5@@C:CIFIHCACH=J95GG9H;FCIDGF9@5H98HCH<9(/"
D5B89A=75B8=B79FH5=B5GG9H;FCIDG8I9HCCIFCB;C=B;;@C65@F989G=;B-<9=AD57HC:(/"
=B7@I8=B;7<5B;9G=B
7CBGIA9F69<5J=CF
D5B89A=7:95FG
A5F?9H8CKBHIFBG
<5G7F95H98
G=;B=:=75BHJC@5H=@=HM=BH<9;@C65@97CBCAM5B8@98HCF98I79897CBCA=757H=J=HM-<9F9<5J9699B9LHF5CF8=B5FM57H=CBG
H5?9B6M=BH9FB5H=CB5@
:989F5@
GH5H9
5B8@C75@DI6@=7<95@H<5B8;CJ9FBA9BH5@5IH<CF=H=9GHC7CBH5=B5B87CA65HH<9
CIH6F95?5B8GDF958C:(/"=BF9;=CBGH<FCI;<CIHH<9KCF@8
=B7@I8=B;HF5J9@65BG
EI5F5BH=B9G
XGH5M5H<CA9Y
CF89FG
5B8G=A=@5FA5B85H9G:CFA5BM=B8=J=8I5@GHCGI6GH5BH=5@@MF9GHF=7H85=@M57H=J=H=9G5B8:CFA5BM6IG=B9GG9GHC
7IFH5=@CF795G9BCFA5@CD9F5H=CBG"B588=H=CB
K9<5J97CBH=BI98HCDFC;F9GGCIF;@C65@F989G=;B
K<=7<69;5B=B

6MF95GG9GG=B;CIFCD9F5H=CBG5B8F98I7=B;GHFI7HIF5@7CGHG
"B957<G=HI5H=CB=BK<=7<K99LD9F=9B7985HF=;;9F=B;9J9BH8IF=B;H<9M95F
K9H9GH98CIF@CB;@=J985GG9HG:CF
=AD5=FA9BHIG=B;CIF=BH9FB5@97CBCA=75B86IG=B9GGDFC>97H=CBG
5GK9@@5GH<=F8D5FHMJ5@I5H=CBGC:79FH5=B@CB;@=J98
5GG9HG
5B889H9FA=B98H<5HH<975FFM=B;J5@I9C:H<9@CB;@=J985GG9HG=BH<9G96IG=B9GGIB=HGK5GF97CJ9F56@9":=B
:IHIF9EI5FH9FGCIF97CBCA=7CF6IG=B9GGDFC>97H=CBGK9F9HC7<5B;95G5F9GI@HC:CIFD@5BGCF7<5B;9G=BH<997CBCA=7
CF6IG=B9GG9BJ=FCBA9BH
H<9F9K5G5G=;B=:=75BH58J9FG97<5B;9=BH<99LH9BHCFA5BB9F=BK<=7<5@CB;@=J985GG9H=G
69=B;IG98
CFH<9F9K5G57IFF9BH9LD97H5H=CBH<5H5@CB;@=J985GG9H;FCIDK=@@698=GDCG98C:G=;B=:=75BH@M69:CF9H<99B8
C:=HGIG9:I@@=:9
K9KCI@8IB89FH5?9588=H=CB5@H9GH=B;
5G5DDFCDF=5H9
K<=7<7CI@8F9GI@H=B5B=AD5=FA9BHC:@CB;@=J98
5GG9HG
>>@8;?4:9>,9/;;=:,.3(>0/07/1:=&,70";0=,?4:9>"BH<9H<=F8EI5FH9FC:
K97CAA=HH98HC5D@5BHC
G9@@GD97=:=7B9H5GG9HG=BCIF"B8=5IHCACH=J9CD9F5H=CBG099BH9F98=BHC589:=B=H=J95;F99A9BHHC:CFA5>C=BHJ9BHIF9
K=H<&5<=B8F5&5<=B8F5%=A=H98X&5<=B8F5Y
K=H<&5<=B8F5CKB=B;5D9F79BH7CBHFC@@=B;GH5?95B8CF8CKB=B;5
D9F79BHGH5?9G5F9GI@HC::IB85A9BH5@7<5B;9G=B;@C65@97CBCA=75B86IG=B9GG7CB8=H=CBG=B
75IG98=BD5FH
6MH<9;@C65@D5B89A=7
CB979A69F

K95B8&5<=B8F589H9FA=B98H<5HK9K=@@BCH7CAD@9H9H<9>C=BHJ9BHIF9
77CF8=B;@M
5H979A69F

H<95GG9HG5B8@=56=@=H=9GC:CIF"B8=5IHCACH=J9CD9F5H=CBGK9F9F97@5GG=:=985B8
F9DCFH985G<9@85B8IG98975IG9H<975FFM=B;J5@I9C:H<9B9H5GG9HG5DDFCL=A5H98:5=FJ5@I95H979A69F

H<9DF9H5L=AD5=FA9BH7<5F;9GC:A=@@=CB5B8A=@@=CBF97CF898=B5B8
F9GD97H=J9@M
K<=7<K9F9
F9DCFH98=B:>?:1>,70>
K9F9BCH58>IGH985G5F9GI@HC:H<9F97@5GG=:=75H=CBHC<9@85B8IG98,99'CH9C:H<9'CH9G
HCH<9=B5B7=5@,H5H9A9BHG:CFACF9=B:CFA5H=CBF9;5F8=B;<9@8:CFG5@9CD9F5H=CBG
88;C-:/12;>>105@;??1?
-<95@@CK5B79:CF7F98=H@CGG9GF9DF9G9BHGCF8F98=HWG9GH=A5H9C:H<99LD97H98@=:9H=A97F98=H@CGG9G=B<9F9BH=B
:=B5B79F979=J56@9G5GC:H<965@5B79G<99H85H9-<9589EI57MC:CF8F98=HWG5@@CK5B79:CF7F98=H@CGG9G=G5GG9GG98
EI5FH9F@M
5B8H<95GGIADH=CBG5B8AC89@GIG98=B9GH56@=G<=B;H<95@@CK5B795F99J5@I5H98F9;I@5F@M975IG97F98=H
@CGG9G75BJ5FMGI6GH5BH=5@@MCJ9FH=A9
9GH=A5H=B;7F98=H@CGG9GF9EI=F9G5BIA69FC:5GGIADH=CBG56CIHA5HH9FGH<5H5F9
IB79FH5=B<5B;9G=B5GGIADH=CBG5::97H:=/=0/4?49?0=0>?:;0=,?492,9/:?30=0C;09>0>CBCIF7CBGC@=85H98=B7CA9
GH5H9A9BHG5B8H<95@@CK5B79:CF7F98=H@CGG9G7CBH5=B98K=H<=B:=/=0/4?149,9.0=0.04A,-70>90?CBCIF7CBGC@=85H98
65@5B79G<99HG,99'CH9C:H<9'CH9GHCH<9=B5B7=5@,H5H9A9BHG:CFACF9=B:CFA5H=CBF9;5F8=B;5@@CK5B79:CF7F98=H
@CGG9G
!,?@=0:1>?48,?0>%0<@4=0/CF8F98=H9GH=A5H9GH<95@@CK5B79:CF7F98=H@CGG9G:CFF979=J56@9GH<5HG<5F9G=A=@5F
F=G?7<5F57H9F=GH=7G65G98CB57C@@97H=J95GG9GGA9BHIG=B;57CA6=B5H=CBC:A95GIF9A9BHAC89@G5B8A5B5;9A9BH
>I8;A9BH-<9AC89@G7CBG=89F:57HCFGGI7<5G<=GHCF=75@HF9B8G=B7F98=H@CGG9G
F979BHDCFH:C@=CD9F:CFA5B79
5B8
:CFK5F8@CC?=B;A57FC97CBCA=77CB8=H=CBG-<9AC89@GJ5FM6MDCFH:C@=C5B8F979=J56@9HMD9=B7@I8=B;7CBGIA9F:=B5B79
F979=J56@9G
K<C@9G5@9@C5BG
5B8895@9F@C5BG":CF8F98=H8C9GBCH69@=9J9H<9AC89@GF9:@97H@=:9H=A99LD97H987F98=H
@CGG9G:CFH<9DCFH:C@=C
5B58>IGHA9BH=GA589HCF9:@97HA5B5;9A9BH>I8;A9BHF9;5F8=B;EI5@=H5H=J9:57HCFG=B7@I8=B;
97CBCA=7IB79FH5=BHM
C6G9FJ56@97<5B;9G=BDCFH:C@=CD9F:CFA5B79
5B8CH<9FF9@9J5BH:57HCFG
>>@8;?4:9>(>0/CF8F98=HWG5@@CK5B79:CF7F98=H@CGG9G=G65G98CB=HG5GGIADH=CBGF9;5F8=B;
Z #=:-,-474?D:1/01,@7?-<99LD97H98DFC656=@=HMC:D5MA9BH5B8H=A9HC89:5I@H
K<=7<=B7@I895GGIADH=CBG56CIH
A57FC97CBCA=7:57HCFG5B8F979BHD9F:CFA5B795B8
Z :>>24A09/01,@7?-<9D9F79BH5;9C:H<99LD97H9865@5B798I95H89:5I@HH<5H=GBCHF97CJ9F56@9-<9@CGG
;=J9B89:5I@HH5?9G=BHC577CIBH9LD97H987C@@5H9F5@J5@I95B8:IHIF9F97CJ9F=9G
&57FC97CBCA=7:57HCFGIG98=BCF8F98=HWGAC89@G5F97CIBHFMGD97=:=75B8=B7@I89J5F=56@9GGI7<5G
IB9AD@CMA9BHF5H9G
<CIG=B;DF=79G
5B8;FCGG8CA9GH=7DFC8I7H

?08 ,9,20809?G>4>.@>>4:9,9/9,7D>4>:149,9.4,7:9/4?4:9,9/%0>@7?>:1";0=,?4:9>:9?49@0/
&09>4?4A4?D9,7D>4><5B;9G=BH<9DFC656=@=HMC:89:5I@H5B8@CGG;=J9B89:5I@H5GGIADH=CBGKCI@85::97HH<9
5@@CK5B79:CF7F98=H@CGG9G-<99::97HC:H<9=B8=75H98=B7F95G9 897F95G9=BH<95GGIADH=CBG:CFCF8F98=HWG.,CF8
5B8%=B7C@BF9H5=@:=B5B7=B;=G5G:C@@CKG=BA=@@=CBG
-?5?#;5:@ :/>1-?1
??A9<@5;: 4-:31 1/>1-?1
)FC656=@=HMC:89:5I@H@=:9H=A9 6DG
%CGG;=J9B89:5I@H
//A9A8-@101<>1/5-@5;:;:)145/81?&A.61/@@;"<1>-@5:31-?1?
77IAI@5H9889DF97=5H=CBCBJ9<=7@9GGI6>97HHCCD9F5H=B;@95G9GF98I79GH<9J5@I9C:H<9@95G98J9<=7@9G=BCF8
F98=HWGCD9F5H=B;@95G9DCFH:C@=C:FCAH<9=FCF=;=B5@57EI=G=H=CBJ5@I9HCH<9=F9LD97H98F9G=8I5@J5@I95HH<99B8C:H<9
@95G9H9FA
CF8F98=HACB=HCFGF9G=8I5@J5@I9G957<ACBH<
5B8=HF9J=9KGH<9589EI57MC:577IAI@5H9889DF97=5H=CBCB5
EI5FH9F@M65G=G":CF8F98=H69@=9J9GH<5HH<99LD97H98F9G=8I5@J5@I9G:CF=HGJ9<=7@9G<5J97<5B;98
=HF9J=G9G
89DF97=5H=CBHC9BGIF9H<5HB9H=BJ9GHA9BH=BCD9F5H=B;@95G9G9EI5@HCH<957EI=G=H=CBJ5@I9C:H<9J9<=7@9G@9GG
577IAI@5H9889DF97=5H=CBK=@@6958>IGH98HCF9:@97HCF8F98=HWGF9J=G989GH=A5H9C:H<99LD97H98F9G=8I5@J5@I95HH<9
9B8C:H<9@95G9H9FA8>IGHA9BHGHC89DF97=5H=CB9LD9BG9F9GI@H=B57<5B;9=BH<989DF97=5H=CBF5H9GC:H<9J9<=7@9G
GI6>97HHCCD9F5H=B;@95G9G5B85F9F97CF898DFCGD97H=J9@MCB5GHF5=;<H@=B965G=G
57<@95G97IGHCA9F<5GH<9CDH=CBHC6IMH<9@95G98J9<=7@95HH<99B8C:H<9@95G9CFHCF9HIFBH<9J9<=7@9HCH<9
895@9F
!,?@=0:1>?48,?0>%0<@4=0/57<CD9F5H=B;@95G9=BCF8F98=HWGDCFH:C@=CF9DF9G9BHG5J9<=7@9=HCKBGH<5H<5G
699B@95G98HC57IGHCA9FHH<9H=A9CF8F98=HDIF7<5G9G5@95G9
=H9GH56@=G<9G5B9LD97H98F9G=8I5@J5@I9:CFH<9
J9<=7@9CF8F98=H9GH=A5H9GH<99LD97H98F9G=8I5@J5@I96M9J5@I5H=B;F979BH5I7H=CBJ5@I9G
F9HIFBJC@IA9G:CF=HG
@95G98J9<=7@9G
=B8IGHFMK=89IG98J9<=7@9DF=79G
A5F?9H=B;=B79BH=J9D@5BG
5B8J9<=7@9EI5@=HM85H5
>>@8;?4:9>(>0/CF8F98=HWG577IAI@5H9889DF97=5H=CBCBJ9<=7@9GGI6>97HHCCD9F5H=B;@95G9G=G65G98CB
5GGIADH=CBGF9;5F8=B;
Z @.?4:9A,7@0CF8F98=HWGDFC>97H=CBC:H<9A5F?9HJ5@I9C:H<9J9<=7@9GK<9BGC@85HH<99B8C:H<9@95G95B8
Z %0?@=9A:7@80CF8F98=HWGDFC>97H=CBC:H<9BIA69FC:J9<=7@9GH<5HK=@@69F9HIFB985H@95G99B8
,99'CH9C:H<9'CH9GHCH<9=B5B7=5@,H5H9A9BHG:CFACF9=B:CFA5H=CBF9;5F8=B;577IAI@5H9889DF97=5H=CBCB
J9<=7@9GGI6>97HHCCD9F5H=B;@95G9G
&09>4?4A4?D9,7D>4>CFF9HIFB98J9<=7@9G
CF8F98=H:579G5F=G?H<5HH<95ACIBH=HC6H5=BG:FCAH<9J9<=7@9GC@85H
5I7H=CBK=@@69@9GGH<5B=HG9GH=A5H9C:H<99LD97H98F9G=8I5@J5@I9:CFH<9J9<=7@9-<9=AD57HC:H<97<5B;9=B
5GGIADH=CBGCB:IHIF95I7H=CBJ5@I9G5B8F9HIFBJC@IA9GKCI@8=B7F95G9CF897F95G9577IAI@5H98GIDD@9A9BH5@
89DF97=5H=CB5B889DF97=5H=CB9LD9BG9CJ9FH<9F9A5=B=B;H9FAGC:H<9CD9F5H=B;@95G9G-<99::97HC:H<9=B8=75H98
=B7F95G9 897F95G9=BH<95GGIADH=CBG:CFCF8F98=HWG.,CF85B8%=B7C@BCD9F5H=B;@95G9DCFH:C@=C=G5G:C@@CKG=B
A=@@=CBG
-?5?#;5:@ :/>1-?1
??A9<@5;: 4-:31 1/>1-?1
IHIF95I7H=CBJ5@I9G 6DG
+9HIFBJC@IA9G
8>IGHA9BHGHCH<95ACIBHC:577IAI@5H98GIDD@9A9BH5@89DF97=5H=CBCBCD9F5H=B;@95G9G5F9F9:@97H98CBCIF
65@5B79G<99HG5G!0?49A0>?809?49:;0=,?49270,>0>5B8CBCIF=B7CA9GH5H9A9BHG=B:=/=0/4?49?0=0>?:;0=,?492
,9/:?30=0C;09>0>

?08 ,9,20809?G>4>.@>>4:9,9/9,7D>4>:149,9.4,7:9/4?4:9,9/%0>@7?>:1";0=,?4:9>:9?49@0/
"(!'!&'!%&&&(('!"','"#'
-<9=B5B7=5@77CIBH=B;,H5B85F8GC5F8X,Y<5G=GGI98H<9:C@@CK=B;77CIBH=B;,H5B85F8G.D85H9GX,.Y
K<=7<5F9BCH9LD97H98HC<5J95A5H9F=5@=AD57HHCCIF:=B5B7=5@GH5H9A9BHGCF:=B5B7=5@GH5H9A9BH8=G7@CGIF9G
&( 221/@5B1-@1-
,=AD@=:M=B;H<977CIBH=B;:CF"B7CA9-5L9G #5BI5FM

77CIBH=B;:CFCBJ9FH=6@9"BGHFIA9BHG5B8CBHF57HG=B5BBH=HMWG(KBEI=HM #5BI5FM

-5F;9H98"ADFCJ9A9BHGHCH<977CIBH=B;:CF%CB;IF5H=CBCBHF57HG #5BI5FM

444444444
5 5F@M58CDH=CB:CF957<C:H<9GH5B85F8G=GD9FA=HH98
%'"!'%'("'"!&
095F9D5FHMHCA5BM7CBHF57HI5@C6@=;5H=CBG=BJC@J=B;7CAA=HA9BHGHCA5?9D5MA9BHGHCH<=F8D5FH=9G&CGHC:H<9G9
5F9896HC6@=;5H=CBG=B7IFF986MCIFCF8F98=HG9;A9BH%CB;H9FA896HA5M<5J9:=L98CFJ5F=56@9=BH9F9GHF5H9GCF
@CB;H9FA896HK=H<J5F=56@9F5H9=BH9F9GH
K99GH=A5H9H<9:IHIF9=BH9F9GHD5MA9BHG65G98CBDFC>97H98A5F?9H=BH9F9GH
F5H9G:CFJ5F=CIG:@C5H=B;F5H969B7<A5F?GF979=J98:FCAH<=F8D5FH=9G"B588=H=CB
5GD5FHC:CIFBCFA5@6IG=B9GG
DF57H=79G
K99BH9F=BHC7CBHF57HGK=H<GIDD@=9FG:CFDIF7<5G9GC:79FH5=BF5KA5H9F=5@G
7CADCB9BHG
5B8G9FJ=79GHC
:57=@=H5H9589EI5H9GIDD@MC:H<9G9A5H9F=5@G5B8G9FJ=79G-<9G95FF5B;9A9BHGA5M7CBH5=B:=L98CFA=B=AIAEI5BH=HM
DIF7<5G9F9EI=F9A9BHGX)IF7<5G9C6@=;5H=CBGY5F989:=B985GC::65@5B79G<99H5;F99A9BHGHCDIF7<5G9;CC8GCF
G9FJ=79GH<5H5F99B:CF7956@95B8@9;5@@M6=B8=B;CBH<9CAD5BM5B8H<5HGD97=:M5@@G=;B=:=75BHH9FAG
-<9H56@969@CKGIAA5F=N9GCIF7CBHF57HI5@C6@=;5H=CBG5GC:979A69F
=BA=@@=CBG
#-E91:@?A1.E#1>5;0

'41>1-2@1> ';@-8
;9<-:E1D/8A05:3;>0>105@
":.-8-:/1?411@
%CB;H9FA896H5

"BH9F9GHD5MA9BHGF9@5H=B;HC@CB;H9FA896H

=B5B79@95G9G6
(D9F5H=B;@95G9G

)9BG=CB:IB8=B;7 V
"22.-8-:/1?411@
)IF7<5G9C6@=;5H=CBG

';@-8;9<-:E1D/8A05:3;>0>105@

;>0>105@
":.-8-:/1?411@
%CB;H9FA896H5

"BH9F9GHD5MA9BHGF9@5H=B;HC@CB;H9FA896H

(D9F5H=B;@95G9G
"22.-8-:/1?411@
)IF7<5G9C6@=;5H=CBG V
';@-8;>0>105@

';@-8;9<-:E

4444444444
5 L7@I89GIB5ACFH=N98896H8=G7CIBHG DF9A=IAG
IB5ACFH=N98896H=GGI5B797CGHG
5B8:5=FJ5@I958>IGHA9BHG
6 "B7@I89G=BH9F9GHD5MA9BHGC:A=@@=CB
7 ACIBHGF9DF9G9BHCIF9GH=A5H9C:7CBHF57HI5@@MC6@=;5H987CBHF=6IH=CBGHCH<9CF809F?9D@5B,99'CH9C:H<9'CH9GHCH<9=B5B7=5@
,H5H9A9BHG:CF:IFH<9F=B:CFA5H=CBF9;5F8=B;CIF9LD97H98D9BG=CB7CBHF=6IH=CBG5B8:IB898GH5HIG
-<95ACIBHC:IBF97C;B=N98H5L69B9:=HG:CFC:6=@@=CBG99'CH9C:H<9'CH9GHCH<9=B5B7=5@,H5H9A9BHG
:CF588=H=CB5@8=G7IGG=CB=G9L7@I898:FCAH<9H56@956CJ9=B5@G9HH@9A9BHC:5G=;B=:=75BHDCFH=CBC:H<9G9C6@=;5H=CBG
K=@@F9EI=F96=@5H9F5@H5L5;F99A9BHG5ACB;IG5B8J5F=CIG7CIBHF=9G
H<9H=A=B;C:K<=7<75BBCHF95GCB56@M699GH=A5H98
CF588=H=CB5@=B:CFA5H=CBF9;5F8=B;D9BG=CB5B8()C6@=;5H=CBG
CD9F5H=B;@95G9C6@=;5H=CBG
@CB;H9FA896H
5B8
5;F998:IHIF9:IB8=B;:CFF;C"
G99'CH9G

5B8
F9GD97H=J9@M
C:H<9'CH9GHCH<9=B5B7=5@,H5H9A9BHG

' 3,2'22'4#,"3*'22'4# '1!*-130#1
-320)#2'1)
")%)*
095F99LDCG98HC5J5F=9HMC:A5F?9H5B8CH<9FF=G?G
=B7@I8=B;H<99::97HGC:7<5B;9G=B:CF9=;B7IFF9B7M9L7<5B;9
F5H9G
7CAAC8=HMDF=79G
5B8=BH9F9GHF5H9G
5GK9@@5GF=G?GHC5J5=@56=@=HMC::IB8=B;GCIF79G
<5N5F89J9BHG
5B8GD97=:=7
5GG9HF=G?G
-<9G9F=G?G5::97HCIFIHCACH=J95B8CF8F98=HG9;A9BHG8=::9F9BH@M09ACB=HCF5B8A5B5;9H<9G99LDCGIF9G5G
5B=BH9;F5@D5FHC:CIFCJ9F5@@F=G?A5B5;9A9BHDFC;F5A
K<=7<=B7@I89GF9;I@5FF9DCFHGHC579BHF5@A5B5;9A9BH
7CAA=HH99
H<9 @C65@+=G?&5B5;9A9BHCAA=HH99X +&Y-<9 +&=G7<5=F986MCIF<=9:=B5B7=5@(::=79F
5B8
H<97CAA=HH99=B7@I89GCIFCBHFC@@9F
-F95GIF9F
5B8CH<9FA9A69FGC:G9B=CFA5B5;9A9BH
(IFIHCACH=J95B8CF8F98=HG9;A9BHG5F99LDCG98HC@=EI=8=HMF=G?
=B7@I8=B;H<9DCGG=6=@=HMC:<5J=B;HC7IFH5=@
6IG=B9GGCF69=B;IB56@9HCA99H:=B5B7=5@C6@=;5H=CBG5GH<9M7CA98I96975IG9:IB8=B;GCIF79GA5M69F98I798CF
697CA9IB5J5=@56@9(IFD@5B=GHCA5=BH5=B:IB8=B;GCIF79GHC9BGIF9@=EI=8=HMH<FCI;<5J5F=9HMC:97CBCA=7CF6IG=B9GG
7M7@9GG8=G7IGG98=B;F95H9F89H5=@=B"H9A
CIF:IB8=B;GCIF79G=B7@I89G5@9GC:F979=J56@9G=BG97IF=H=N5H=CBG5B8
CH<9FGHFI7HIF98:=B5B7=B;G
IBG97IF98896H=GGI5B79G
9EI=HM5B89EI=HM@=B?98=GGI5B79G
5B865B?6CFFCK=B;G
095F99LDCG98HC5J5F=9HMC:=BGIF56@9F=G?G
GI7<5G@CGGCF85A5;9HCDFCD9FHM
@=56=@=HM7@5=AG
5B89AD@CM99
=B>IFM09DFCH97H5;5=BGHH<9G9F=G?GH<FCI;<H<9DIF7<5G9C:7CAA9F7=5@=BGIF5B79H<5H=G89G=;B98HCDFCH97HIG56CJ9
CIFG9@:=BGIF98F9H9BH=CBG5;5=BGH9J9BHGH<5H7CI@8;9B9F5H9G=;B=:=75BH@CGG9G
=F97HF9GDCBG=6=@=HM:CFH<99L97IH=CBC:CIFA5F?9HF=G?A5B5;9A9BHGHF5H9;=9GF9G=89GK=H<CIF-F95GIF9FWG(::=79
5B8=G;CJ9FB986MKF=HH9BDC@=7=9G5B8DFC798IF9G,9D5F5H=CBC:8IH=9G=GA5=BH5=B9869HK99BH<989J9@CDA9BH5B8
5IH<CF=N5H=CBC:89F=J5H=J9HF589G
H<9HF5BG57H=CBC:89F=J5H=J9G
5B8H<9G9HH@9A9BHC:75G<:@CKG+9;I@5F5I8=HG5F9
7CB8I7H98HC9BGIF9H<5H5DDFCDF=5H97CBHFC@G5F9=BD@5795B8H<5HH<9MF9A5=B9::97H=J9"B588=H=CB
CIFA5F?9HF=G?
9LDCGIF9G5B8CIFIG9C:89F=J5H=J9GHCA5B5;9H<9G99LDCGIF9G5F95DDFCJ986MH<9 +&
5B8F9J=9K986MH<9I8=H
CAA=HH99C:CIFC5F8C:=F97HCFG
"B577CF85B79K=H<CIF7CFDCF5H9F=G?A5B5;9A9BHDC@=7=9G
K9IG989F=J5H=J9=BGHFIA9BHG
K<9B5J5=@56@9
GI7<5G
:CFK5F87CBHF57HG
GK5DG
5B8CDH=CBGH<5H97CBCA=75@@M<98;979FH5=B9LDCGIF9G:CF9=;B7IFF9B7M
7CAAC8=HM
5B8
=BH9F9GHF5H9G098CBCHIG989F=J5H=J97CBHF57HG:CFHF58=B;
A5F?9HA5?=B;
CFGD97I@5H=J9DIFDCG9G"B79FH5=B
=BGH5B79G
K9:CF;C<98;9577CIBH=B;
5B8=B79FH5=BCH<9F=BGH5B79G
CIF89F=J5H=J9G8CBCHEI5@=:M:CF<98;9577CIBH=B;
=H<9FG=HI5H=CBF9GI@HG=BIBF95@=N98;5=BG5B8@CGG9GH<5H5F9F97C;B=N98=B=B7CA9CF588=H=CB5@=B:CFA5H=CBCBCIF
89F=J5H=J9G
-<9A5F?9H5B87CIBH9FD5FHMF=G?GC:CIFIHCACH=J95B8CF8F98=HG9;A9BHG5F98=G7IGG985B8EI5BH=:=9869@CK
('" "') %'%&
(IFIHCACH=J9G9;A9BH:F9EI9BH@M<5G9LD9B8=HIF9G5B8F979=DHG89BCA=B5H98=B:CF9=;B7IFF9B7=9G
=B7@I8=B;H<9
:C@@CK=B;DIF7<5G9G5B8G5@9GC::=B=G<98J9<=7@9G5B8DFC8I7H=CBD5FHG
896H5B8CH<9FD5M56@9G
GI6G=8=5FM8=J=89B8G

5B8=BJ9GHA9BHG=B:CF9=;BCD9F5H=CBG-<9G99LD9B8=HIF9G5B8F979=DHG7F95H99LDCGIF9GHC7<5B;9G=B9L7<5B;9F5H9G
095@GC5F99LDCG98HC7<5B;9G=BDF=79GC:7CAAC8=H=9GIG98=BH<9DFC8I7H=CBC:CIFJ9<=7@9G5B87<5B;9G=B=BH9F9GH
F5H9G
CF9=;B7IFF9B7MF=G?
7CAAC8=HMF=G?
5B8=BH9F9GHF5H9F=G?5F9A95GIF985B8EI5BH=:=98IG=B;5AC89@HC9J5@I5H9
H<9G9BG=H=J=HMC:A5F?9HJ5@I9HC=BGH5BH5B9CIG
D5F5@@9@G<=:HG=BF5H9G5B8 CFDF=79G
:=0429@==09.D%4>6CF9=;B7IFF9B7MF=G?=GH<9DCGG=6=@=HMH<5HCIF:=B5B7=5@F9GI@HG7CI@869KCFG9H<5BD@5BB98
6975IG9C:7<5B;9G=B7IFF9B7M9L7<5B;9F5H9G77CF8=B;@M
CIFDF57H=79=GHCIG989F=J5H=J9=BGHFIA9BHGHC<98;9CIF
97CBCA=79LDCGIF9K=H<F9GD97HHC:CF975GH98F9J9BI9G5B87CGHG
5GG9HG
@=56=@=H=9G
5B8:=FA7CAA=HA9BHG89BCA=B5H98
=B79FH5=B:CF9=;B7IFF9B7=9G7CBG=GH9BHK=H<CIFCJ9F5@@F=G?A5B5;9A9BHGHF5H9;M"BCIF<98;=B;57H=CBG
K9IG9
89F=J5H=J9=BGHFIA9BHG7CAACB@MIG986M7CFDCF5H=CBGHCF98I79:CF9=;B9L7<5B;9F=G?9;
:CFK5F87CBHF57HG

?08$@,9?4?,?4A0,9/$@,74?,?4A04>.7:>@=0>-:@? ,=60?%4>6:9?49@0/
-<9B9H:5=FJ5@I9C::CF9=;B9L7<5B;9:CFK5F87CBHF57HG=B7@I8=B;58>IGHA9BHG:CF7F98=HF=G?5GC:
979A69F

K5G5@=56=@=HMC:A=@@=CB
7CAD5F98K=H<5@=56=@=HMC:A=@@=CB5GC:979A69F
-<9
DCH9BH=5@897F95G9=B:5=FJ5@I9:FCA558J9FG97<5B;9=BH<9IB89F@M=B;9L7<5B;9F5H9G
=B.,8C@@5FH9FAG
KCI@8
<5J9699B6=@@=CB5H979A69F

7CAD5F98K=H<6=@@=CB5H979A69F
-<9G9BG=H=J=HM5B5@MG=G
DF9G9BH98=G<MDCH<9H=75@5B85GGIA9G:CF9=;B9L7<5B;9F5H97<5B;9G5F9=BGH5BH5B9CIG5B858J9FG957FCGG5@@
7IFF9B7=9G"BF95@=HM
GCA9C:CIF9LDCGIF9GC::G9H5B8:CF9=;B9L7<5B;9F5H9GACJ9=B8=::9F9BHA5;B=HI89G5B85H
8=::9F9BHH=A9G
5B85BM7<5B;9G=B:5=FJ5@I9KCI@8;9B9F5@@M69C::G9H6M7<5B;9G=BH<9IB89F@M=B;9LDCGIF9,99
'CH9C:H<9'CH9GHCH<9=B5B7=5@,H5H9A9BHG:CFACF9=B:CFA5H=CBF9;5F8=B;CIF:CF9=;B7IFF9B7M9L7<5B;97CBHF57HG
:88:/4?D#=4.0%4>6CAAC8=HMDF=79F=G?=GH<9DCGG=6=@=HMH<5HCIF:=B5B7=5@F9GI@HG7CI@869KCFG9H<5BD@5BB98
6975IG9C:7<5B;9G=BH<9DF=79GC:7CAAC8=H=9GIG98=BH<9DFC8I7H=CBC:ACHCFJ9<=7@9G
GI7<5G65G9A9H5@G9;

GH99@
7CDD9F
5B85@IA=BIA
DF97=CIGA9H5@G9;
D5@@58=IA
9B9F;M9;
B5HIF5@;5G5B89@97HF=7=HM
5B8D@5GH=7G
F9G=BG9;
DC@MDFCDM@9B977CF8=B;@M
CIFDF57H=79=GHCIG989F=J5H=J9=BGHFIA9BHGHC<98;9H<9DF=79F=G?K=H<F9GD97H
HC:CF975GH98DIF7<5G9GC:79FH5=B7CAAC8=H=9GH<5HK975B97CBCA=75@@M<98;9DF=A5F=@M65G9A9H5@G5B8DF97=CIG
A9H5@G5B87CBG=GH9BHK=H<CIFCJ9F5@@F=G?A5B5;9A9BHGHF5H9;M"BCIF<98;=B;57H=CBG
K9IG989F=J5H=J9=BGHFIA9BHG
7CAACB@MIG986M7CFDCF5H=CBGHCF98I797CAAC8=HMDF=79F=G?9;
:=B5B7=5@@MG9HH@98:CFK5F87CBHF57HG-<99LH9BHHC
K<=7<K9<98;9=G5@GC=AD57H986MCIF56=@=HMHC57<=9J989G=;B5H98<98;9577CIBH=B;
-<9B9H:5=FJ5@I9C:7CAAC8=HM:CFK5F87CBHF57HG=B7@I8=B;58>IGHA9BHG:CF7F98=HF=G?5GC:979A69F

K5G5B5GG9HC:A=@@=CB
7CAD5F98K=H<5@=56=@=HMC:A=@@=CB5GC:979A69F
-<9DCH9BH=5@897F95G9=B
:5=FJ5@I9:FCA558J9FG97<5B;9=BH<9IB89F@M=B;7CAAC8=HMDF=79GKCI@869A=@@=CB5H979A69F

7CAD5F98K=H<A=@@=CB5H979A69F
-<9G9BG=H=J=HM5B5@MG=GDF9G9BH98=G<MDCH<9H=75@5B85GGIA9G
7CAAC8=HMDF=797<5B;9G5F9=BGH5BH5B9CIG5B858J9FG957FCGG5@@7CAAC8=H=9G"BF95@=HM
7CAAC8=HMDF=79GACJ9=B
8=::9F9BHA5;B=HI89G5B85H8=::9F9BHH=A9G
5B85BM7<5B;9G=B:5=FJ5@I9KCI@8;9B9F5@@M69C::G9H6M7<5B;9G=BH<9
IB89F@M=B;9LDCGIF9
"B588=H=CB
CIFDIF7<5G=B;CF;5B=N5H=CBK=H<;I=85B79:FCAH<9 +&
5G5DDFCDF=5H9B9;CH=5H9G7CBHF57HG:CFH<9
7CBH=BICIGGIDD@MC:F5KA5H9F=5@G"BGCA975G9G
H<9G97CBHF57HGGH=DI@5H9A=B=AIADIF7<5G95ACIBHG5B8GD97=:=7
DF=79G
5B8
H<9F9:CF9
D@5M5FC@9=BA5B5;=B;7CAAC8=HMDF=79F=G?
9?0=0>?%,?0%4>6"BH9F9GHF5H9F=G?F9@5H9GHCH<9@CGGK97CI@8=B7IF=BCIFCAD5BM75G<=BJ9GHA9BHDCFH:C@=CG8I9
HC57<5B;9=B=BH9F9GHF5H9G(IF=BH9F9GHF5H9G9BG=H=J=HM5B5@MG=GCBH<9=BJ9GHA9BHDCFH:C@=CG=B7@I89G75G<5B875G<
9EI=J5@9BHG5B8B9HA5F?9H56@9G97IF=H=9GH979A69F

K9<586=@@=CB=BCIFCAD5BM75G<=BJ9GHA9BH
DCFH:C@=CG
7CAD5F98HC6=@@=CB5H979A69F
09=BJ9GHH<9DCFH:C@=CG=BG97IF=H=9GC:J5F=CIGHMD9G5B8
A5HIF=H=9G
H<9J5@I9C:K<=7<5F9GI6>97HHC:@I7HI5H=CBG=B=BH9F9GHF5H9G-<9=BJ9GHA9BHGHF5H9;M=G65G98CB7@95F@M
89:=B98F=G?5B8@=EI=8=HM;I=89@=B9GHCA5=BH5=B@=EI=8=HM
A=B=A=N9F=G?
5B895FB5F95GCB56@9F9HIFBCBH<9G<CFHH9FA
=BJ9GHA9BHG"B=BJ9GH=B;CIFCAD5BM75G<
G5:9HMC:DF=B7=D5@=GH<9DF=A5FMC6>97H=J95B8F=G?58>IGH98F9HIFB=GH<9
G97CB85FMC6>97H=J9
H5BMH=A9
5F=G9=B=BH9F9GHF5H9G7CI@8<5J95A5H9F=5@58J9FG9=AD57HCBH<9:5=FJ5@I9C:CIFDCFH:C@=CGGGIA=B;
5<MDCH<9H=75@=B7F95G9=B=BH9F9GHF5H9GC:CB9D9F79BH5;9DC=BH
H<9J5@I9C:CIFDCFH:C@=CGKCI@869F98I7986M
A=@@=CB
5G75@7I@5H985GC:979A69F
-<=G7CAD5F9GHCA=@@=CB
5G75@7I@5H985GC:
979A69F
0<=@9H<9G95F9CIF69GH9GH=A5H9GC:H<9=AD57HC:H<9GD97=:=98=BH9F9GHF5H9G79B5F=C
57HI5@
F9GI@HG7CI@88=::9F:FCAH<CG9DFC>97H98-<9G9BG=H=J=HM5B5@MG=GDF9G9BH985GGIA9G=BH9F9GHF5H97<5B;9G5F9
=BGH5BH5B9CIG
D5F5@@9@G<=:HG=BH<9M=9@87IFJ9"BF95@=HM
=BH9F9GHF5H97<5B;9GC:H<=GA5;B=HI895F9F5F9@M=BGH5BH5B9CIG
CFD5F5@@9@

?08$@,9?4?,?4A0,9/$@,74?,?4A04>.7:>@=0>-:@? ,=60?%4>6:9?49@0/
"%%' %'%&
&5F?9HF=G?:CFCF8F98=H=GH<9DCGG=6=@=HMH<5H7<5B;9G=B=BH9F9GH5B87IFF9B7M9L7<5B;9F5H9GK=@@58J9FG9@M5::97H
75G<:@CK5B897CBCA=7J5@I9
9?0=0>?%,?0%4>6 9B9F5@@M
CF8F98=HWG5GG9HG5B8H<9F9@5H98896H<5J98=::9F9BHF9DF=7=B;D9F=C8G
5B8
7CBG9EI9BH@M
F9GDCB88=::9F9BH@MHC7<5B;9G=B=BH9F9GHF5H9G
CF8F98=HWG5GG9HG7CBG=GHDF=A5F=@MC::=L98F5H9F9H5=@:=B5B7=B;5B8CD9F5H=B;@95G97CBHF57HG5B8:@C5H=B;F5H9

K<C@9G5@9F979=J56@9G=L98F5H9F9H5=@:=B5B7=B;5B8CD9F5H=B;@95G97CBHF57HG;9B9F5@@MF9EI=F97IGHCA9FGHCA5?9
9EI5@ACBH<@MD5MA9BHGCJ9FH<9@=:9C:H<97CBHF57H0<C@9G5@9F979=J56@9G5F9CF=;=B5H98HC:=B5B79B9K5B8IG98
J9<=7@9G<9@8=B895@9FGW=BJ9BHCFM5B8;9B9F5@@MF9EI=F9895@9FGHCD5M5:@C5H=B;F5H9
96H7CBG=GHGDF=A5F=@MC:G<CFH5B8@CB;H9FAIBG97IF985B8G97IF=H=N98896HCF8F98=HWGH9FA896H=BGHFIA9BHG

5F9DF=B7=D5@@M:=L98F5H95B8F9EI=F9:=L985B89EI5@=BH9F9GHD5MA9BHGCJ9FH<9@=:9C:H<9=BGHFIA9BH5B85G=B;@9DF=B7=D5@
D5MA9BH5HA5HIF=HM
CF8F98=HWG=BH9F9GHF5H9F=G?A5B5;9A9BHC6>97H=J9=GHCF98I79JC@5H=@=HM=B=HG75G<:@CKG5B8JC@5H=@=HM=B=HG
97CBCA=7J5@I9:FCA7<5B;9G=B=BH9F9GHF5H9G65G98CB5B9GH56@=G<98F=G?HC@9F5B79H<5HA5MJ5FM6MA5F?9HCF8
F98=HIG9G97CBCA=7J5@I9G9BG=H=J=HM5B5@MG=G5B8F9DF=7=B;;5D5B5@MG=GHC9J5@I5H9DCH9BH=5@@CB;H9FA9::97HGC:
7<5B;9G=B=BH9F9GHF5H9G"HH<9B9BH9FG=BHC=BH9F9GHF5H9GK5DGHC7CBJ9FHDCFH=CBGC:=HG:@C5H=B;F5H9896HHC:=L98CF=HG
:=L98F5H9896HHC:@C5H=B;HC9BGIF9H<5HCF8F98=HWG9LDCGIF9:5@@GK=H<=BH<99GH56@=G<98HC@9F5B79GCF8F98=H5@GC
IG9GDF9H5L75G<:@CKG9BG=H=J=HM5B5@MG=GHCACB=HCFH<9@9J9@C:B95FH9FA75G<:@CK9LDCGIF9-<9DF9H5L75G<:@CK
G9BG=H=J=HM5B5@MG=GA95GIF9GH<97<5B;9G=B9LD97H9875G<:@CKG5GGC7=5H98K=H<CF8F98=HWG=BH9F9GHF5H9G9BG=H=J9
5GG9HG
@=56=@=H=9G
5B889F=J5H=J9:=B5B7=5@=BGHFIA9BHG:FCA<MDCH<9H=75@7<5B;9G=B=BH9F9GHF5H9GCJ9F5HK9@J9ACBH<
<CF=NCBCF8F98=HWGGG9H%=56=@=HMCAA=HH99F9J=9KGH<9F9DF=7=B;A=GA5H7<5B89LDCGIF99J9FMACBH<5B8
5DDFCJ9G=BH9F9GHF5H9GK5DGF9EI=F98HCA5=BH5=B9LDCGIF9K=H<=B5DDFCJ98H<F9G<C@8GDF=CFHC9L97IH=CB
-CDFCJ=895EI5BH=H5H=J9A95GIF9C:H<9G9BG=H=J=HMC:=HGDF9H5L75G<:@CKHC7<5B;9G=B=BH9F9GHF5H9G
CF8F98=H
IG9G=BH9F9GHF5H9G79B5F=CGH<5H5GGIA95<MDCH<9H=75@
=BGH5BH5B9CIG=B7F95G9CF897F95G9C:CB9D9F79BH5;9DC=BH=B5@@
=BH9F9GHF5H9G57FCGG5@@A5HIF=H=9G5XD5F5@@9@G<=:HY
5GK9@@5G565G975G9H<5H5GGIA9GH<5H5@@=BH9F9GHF5H9GF9A5=B
7CBGH5BH5H9L=GH=B;@9J9@G"BF95@=HM
=BH9F9GHF5H97<5B;9G5F9F5F9@M=BGH5BH5B9CIGCFD5F5@@9@5B8F5H9G7CI@8ACJ9ACF9
CF@9GGH<5BH<9CB9D9F79BH5;9DC=BH5GGIA98=BCF8F98=HWG5B5@MG=GG5F9GI@H
H<957HI5@=AD57HHCDF9H5L75G<
:@CK7CI@869<=;<9FCF@CK9FH<5BH<9F9GI@HG89H5=@98=BH<9H56@969@CK-<9G9=BH9F9GHF5H9G79B5F=CG5F9DIF9@M
<MDCH<9H=75@5B88CBCHF9DF9G9BHCF8F98=HWGJ=9KC::IHIF9=BH9F9GHF5H9ACJ9A9BHG
.B89FH<9G9=BH9F9GHF5H9G79B5F=CG
CF8F98=H9LD97HGACF9896H5B8@=56=@=H=9GH<5B5GG9HGHCF9DF=79=BH<9B9LH
HK9@J9ACBH<G(H<9FH<=B;G69=B;9EI5@
H<=GA95BGH<5H8IF=B;5D9F=C8C:F=G=B;=BH9F9GHF5H9G
H<9=BH9F9GHF979=J98CB
CF8F98=HWG5GG9HGK=@@=B7F95G9@9GGH<5BH<9=BH9F9GHD5=8CBCF8F98=HWG896H
H<9F96M=B=H=5@@M897F95G=B;CF8
F98=HWGDF9H5L75G<:@CKIF=B;5D9F=C8C::5@@=B;=BH9F9GHF5H9G
CF8F98=HKCI@89LD97H=HGDF9H5L75G<:@CKHC
=B=H=5@@M=B7F95G9CF8F98=HWGDF9H5L75G<:@CKG9BG=H=J=HMHC=BH9F9GHF5H9ACJ9A9BH=G<=;<@=;<H98=BH<9H56@969@CK
)F9H5L75G<:@CKG9BG=H=J=HM5H979A69FK5G5G:C@@CKG=BA=@@=CBG
#>1'-D-?48;C&1:?5@5B5@E

(B9D9F79BH5;9DC=BH=BGH5BH5B9CIG49.=0,>0=B=BH9F9GHF5H9G
(B9D9F79BH5;9DC=BH=BGH5BH5B9CIG/0.=0,>0=B=BH9F9GHF5H9G5
4444444444
5 )F9H5L75G<:@CKG9BG=H=J=HM;=J9B5CB9D9F79BH5;9DC=BH897F95G9=B=BH9F9GHF5H9GF9EI=F9G5B5GGIADH=CBC:B9;5H=J9=BH9F9GHF5H9G=BA5F?9HG
K<9F99L=GH=B;=BH9F9GHF5H9G5F969@CKCB9D9F79BH
0<=@9H<9G9BG=H=J=HM5B5@MG=GDF9G9BH98=GCF8F98=HWG69GH9GH=A5H9C:H<9=AD57HGC:H<9GD97=:=985GGIA98=BH9F9GH
F5H9G79B5F=CG
=HG57HI5@F9GI@HG7CI@88=::9F:FCAH<CG9DFC>97H98-<9AC89@CF8F98=HIG9GHC7CB8I7HH<=G5B5@MG=G=G
<95J=@M89D9B89BHCB5GGIADH=CBGA698898=BH<9AC89@5F95GGIADH=CBGF9;5F8=B;H<9F9=BJ9GHA9BHC:A5HIF=B;
5GG9HDF=B7=D5@
F9:=B5B7=B;C:A5HIF=B;896H
F9D@579A9BHC:A5HIF=B;89F=J5H=J9G
9L9F7=G9C:CDH=CBG9A698898=B896H
5B889F=J5H=J9G
5B8DF98=7H98F9D5MA9BHC:F9H5=@:=B5B7=B;5B8CD9F5H=B;@95G97CBHF57HG5<958C:7CBHF57HI5@A5HIF=HM
CF8F98=HWGF9D5MA9BHDFC>97H=CBG5<958C:7CBHF57HI5@A5HIF=HM5F965G98CB<=GHCF=75@9LD9F=9B79":=BH9F9GHF5H9GCF
CH<9F:57HCFG7<5B;9
CF8F98=HWG57HI5@DF9D5MA9BH9LD9F=9B797CI@8698=::9F9BHH<5BDFC>97H98

?08$@,9?4?,?4A0,9/$@,74?,?4A04>.7:>@=0>-:@? ,=60?%4>6:9?49@0/
:=0429@==09.D%4>6CF8F98=HWGDC@=7M=GHCA=B=A=N99LDCGIF9HC7<5B;9G=B7IFF9B7M9L7<5B;9F5H9G-CA99H
:IB8=B;C6>97H=J9G
CF8F98=H6CFFCKG=B5J5F=9HMC:7IFF9B7=9G
DF=B7=D5@@M.,8C@@5FG
5B58=5B8C@@5FG
9IFCG

GH9F@=B;
5B8F9BA=B6=CF8F98=H:579G9LDCGIF9HC7IFF9B7M9L7<5B;9F5H9G=:5A=GA5H7<9L=GHG69HK99BH<97IFF9B7M
C:F979=J56@9G5B8H<97IFF9B7MC:H<9896H:IB8=B;H<CG9F979=J56@9G0<9BDCGG=6@9
F979=J56@9G5F9:IB898K=H<896H=B
H<9G5A97IFF9B7M
A=B=A=N=B;9LDCGIF9HC9L7<5B;9F5H9ACJ9A9BHG0<9B58=::9F9BH7IFF9B7M=GIG98
CF8F98=H
A5MIG9:CF9=;B7IFF9B7MGK5DG5B8:CF9=;B7IFF9B7M:CFK5F8GHC7CBJ9FHGI6GH5BH=5@@M5@@C:=HG:CF9=;B7IFF9B7M896H
C6@=;5H=CBGHCH<9@C75@7CIBHFM7IFF9B7MC:H<9F979=J56@9GG5F9GI@HC:H<=GDC@=7M
CF8F98=H69@=9J9G=HGA5F?9HF=G?
9LDCGIF9
F9@5H=B;HC7<5B;9G=B7IFF9B7M9L7<5B;9F5H9G5H979A69F

=G=BG=;B=:=75BH
0=4A,?4A0,4=),7@0>-<9B9H:5=FJ5@I9C:CF8F98=HWG89F=J5H=J9:=B5B7=5@=BGHFIA9BHGK5G5B5GG9HC:6=@@=CB
5B8A=@@=CB5H979A69F
5B8
F9GD97H=J9@M
"(!'%#%',%&
CIBH9FD5FHMF=G?F9@5H9GHCH<9@CGGK97CI@8=B7IF=:5BC6@=;CFCF7CIBH9FD5FHM89:5I@H98CB5B=BJ9GHA9BHCF5
89F=J5H=J97CBHF57H099BH9F=BHCA5GH9F5;F99A9BHGK=H<7CIBH9FD5FH=9GH<5H5@@CKB9HH=B;C:79FH5=B9LDCGIF9G=BCF89F
HCA5B5;9H<=GF=G?LDCGIF9GDF=A5F=@MF9@5H9HC=BJ9GHA9BHG=B:=L98=B7CA9=BGHFIA9BHG5B889F=J5H=J97CBHF57HGIG98
:CFA5B5;=B;=BH9F9GHF5H9
:CF9=;B7IFF9B7M9L7<5B;9F5H9
5B87CAAC8=HMDF=79F=G?09
HC;9H<9FK=H<CF8F98=H

9GH56@=G<9LDCGIF9@=A=HG:CF957<7CIBH9FD5FHMHCA=B=A=N9F=G?5B8DFCJ=897CIBH9FD5FHM8=J9FG=:=75H=CB
(IF5DDFC57<HCA5B5;=B;7CIBH9FD5FHMF=G?=G:CFK5F8@CC?=B;5B8DFC57H=J9
5@@CK=B;IGHCH5?9F=G?A=H=;5H=CB
57H=CBG69:CF9F=G?G697CA9@CGG9GLDCGIF9@=A=HG5F99GH56@=G<9865G98CBCIFCJ9F5@@F=G?HC@9F5B79
K<=7<=G
75@7I@5H98:FCA7CIBH9FD5FHM7F98=HF5H=B;G5B8A5F?9H65G987F98=H89:5I@HGK5DX,YGDF958G-<99LDCGIF9@=A=HG
5F9@CK9F:CFGA5@@9F5B8@CK9FF5H987CIBH9FD5FH=9G
7CIBH9FD5FH=9GH<5H<5J9F9@5H=J9@M<=;<9F,GDF958G
5B8:CF
@CB;9F85H989LDCGIF9G(IF9LDCGIF9G5F9ACB=HCF98CB5F9;I@5F65G=G5B8=B7@I898=BD9F=C8=7F9DCFHGHCCIF
-F95GIF9F
,I6GH5BH=5@@M5@@C:CIF7CIBH9FD5FHM9LDCGIF9G5F9K=H<7CIBH9FD5FH=9GH<5H<5J95B=BJ9GHA9BH;F589F5H=B;
"BJ9GHA9BH;F589=GCIF;I=89@=B9:CFA=B=AIA7CIBH9FD5FHM@CB;H9FAF5H=B;G
' ',,!'*22#+#,21,"3..*#+#,207 2
-<9+9DCFHC:"B89D9B89BH+9;=GH9F98)I6@=777CIBH=B;=FA
CIF=B5B7=5@,H5H9A9BHG
H<9577CAD5BM=B;'CH9GHC
H<9=B5B7=5@,H5H9A9BHG
5B8H<9=B5B7=5@,H5H9A9BH,7<98I@9H<5H5F9:=@985GD5FHC:H<=G+9DCFH5F9@=GH98IB89F
X"H9AL<=6=HG5B8=B5B7=5@,H5H9A9BH,7<98I@9GY5B85F9G9H:CFH<69;=BB=B;CBD5;9=AA98=5H9@M:C@@CK=B;H<9
G=;B5HIF9D5;9GC:H<=G+9DCFH

,9@97H98EI5FH9F@M:=B5B7=5@85H5:CF5B85F9DFCJ=898=B'CH9C:H<9'CH9GHCH<9=B5B7=5@,H5H9A9BHG
' &,%#1',," '1%0##+#,215'2&

!!-3,2,21-,
!!-3,2',%,"',,!'* '1!*-130#
'CB9

' -,20-*1,"0-!#"30#1
A,7@,?4:9:14>.7:>@=0:9?=:7>,9/#=:.0/@=0>#5A9G5F@9M
#F
CIF<=9:L97IH=J9(::=79FX(Y
5B8
#C<B-%5K@9F
CIF<=9:=B5B7=5@(::=79FX(Y
<5J9D9F:CFA985B9J5@I5H=CBC:H<9CAD5BMWG8=G7@CGIF97CBHFC@G
5B8DFC798IF9G
5GH<5HH9FA=G89:=B98=B+I@959C:H<9,97IF=H=9GL7<5B;97HC:
5G5A9B898
XL7<5B;97HY
5GC:979A69F

5B8957<<5G7CB7@I898H<5HGI7<8=G7@CGIF97CBHFC@G5B8DFC798IF9G5F9
9::97H=J9HC9BGIF9H<5H=B:CFA5H=CBF9EI=F98HC698=G7@CG98=BCIFD9F=C8=7F9DCFHG:=@98IB89FH<9L7<5B;97H=G
F97CF898
DFC79GG98
GIAA5F=N98
5B8F9DCFH98K=H<=BH<9H=A9D9F=C8GGD97=:=986M,FI@9G5B8:CFAG
5B8H<5HGI7<
=B:CFA5H=CB=G577IAI@5H985B87CAAIB=75H98HCH<9(5B8(HC5@@CKH=A9@M897=G=CBGF9;5F8=B;F9EI=F98
8=G7@CGIF9G
,9,20809?G>%0;:=?:99?0=9,7:9?=:7"A0=49,9.4,7%0;:=?492(IFA5B5;9A9BH=GF9GDCBG=6@9:CF9GH56@=G<=B;
5B8A5=BH5=B=B;589EI5H9=BH9FB5@7CBHFC@CJ9F:=B5B7=5@F9DCFH=B;
5GGI7<H9FA=G89:=B98=BL7<5B;97H+I@95:
-<9CAD5BMWG=BH9FB5@7CBHFC@CJ9F:=B5B7=5@F9DCFH=B;=G5DFC79GG89G=;B98HCDFCJ=89F95GCB56@95GGIF5B79F9;5F8=B;
H<9F9@=56=@=HMC::=B5B7=5@F9DCFH=B;5B8H<9DF9D5F5H=CBC::=B5B7=5@GH5H9A9BHG:CF9LH9FB5@DIFDCG9G=B577CF85B79K=H<
;9B9F5@@M5779DH98577CIBH=B;DF=B7=D@9G
975IG9C:=HG=B<9F9BH@=A=H5H=CBG
=BH9FB5@7CBHFC@CJ9F:=B5B7=5@F9DCFH=B;A5MBCHDF9J9BHCF89H97HA=GGH5H9A9BHG
@GC
DFC>97H=CBGC:5BM9J5@I5H=CBC:9::97H=J9B9GGHC:IHIF9D9F=C8G5F9GI6>97HHCH<9F=G?H<5H7CBHFC@GA5M697CA9
=B589EI5H96975IG9C:7<5B;9G=B7CB8=H=CBGCF6975IG9H<989;F99C:7CAD@=5B79K=H<DC@=7=9GCFDFC798IF9GA5M
89H9F=CF5H9
.B89FH<9GID9FJ=G=CB5B8K=H<H<9D5FH=7=D5H=CBC:CIFA5B5;9A9BH
=B7@I8=B;CIF(5B8(
K97CB8I7H985B
5GG9GGA9BHC:H<99::97H=J9B9GGC:CIF=BH9FB5@7CBHFC@CJ9F:=B5B7=5@F9DCFH=B;5GC:979A69F
-<95GG9GGA9BH
K5G65G98CB7F=H9F=59GH56@=G<98=BH<9:F5A9KCF?9?0=9,7:9?=:79?02=,?0/=,80B:=6

=GGI986MH<9
CAA=HH99C:,DCBGCF=B;(F;5B=N5H=CBGC:H<9-F958K5MCAA=GG=CB5G98CBH<=G5GG9GGA9BH
A5B5;9A9BH
7CB7@I898H<5HCIF=BH9FB5@7CBHFC@CJ9F:=B5B7=5@F9DCFH=B;K5G9::97H=J95GC:979A69F

-<99::97H=J9B9GGC:H<9CAD5BMWG=BH9FB5@7CBHFC@CJ9F:=B5B7=5@F9DCFH=B;5GC:979A69F
<5G699B
5I8=H986M)F=79K5H9F<CIG9CCD9FG%%)
5B=B89D9B89BHF9;=GH9F98DI6@=7577CIBH=B;:=FA
5GGH5H98=B=HGF9DCFH=B7@I898
<9F9=B
3,920>499?0=9,7:9?=:7"A0=49,9.4,7%0;:=?492-<9F9K9F9BC7<5B;9G=B=BH9FB5@7CBHFC@CJ9F:=B5B7=5@
F9DCFH=B;8IF=B;H<9EI5FH9F9B898979A69F
H<5H<5J9A5H9F=5@@M5::97H98
CF5F9F95GCB56@M@=?9@MHCA5H9F=5@@M
5::97H
CIF=BH9FB5@7CBHFC@CJ9F:=B5B7=5@F9DCFH=B;
' 2&#0,$-0+2'-,
'CB9

#%'
'
'0#!2-016#!32'4#$$'!#01-$-0","-0.-02#-4#0,,!#
-<9=B:CFA5H=CBF9EI=F986M"H9AF9;5F8=B;CIF8=F97HCFG=G=B7CFDCF5H986MF9:9F9B79:FCAH<9=B:CFA5H=CBIB89F
H<975DH=CBGX)FCDCG5@@97H=CBC:=F97HCFG
YXCFDCF5H9 CJ9FB5B79U9B9:=7=5@,HC7?(KB9FG<=D
Y5B8XCFDCF5H9
CJ9FB5B79U9@=BEI9BH,97H=CB5+9DCFHGY=BCIF)FCLM,H5H9A9BH-<9=B:CFA5H=CBF9EI=F986M"H9AF9;5F8=B;
CIF9L97IH=J9C::=79FG5DD95FG5G"H9AIB89F)5FH"C:H<=G+9DCFH-<9=B:CFA5H=CBF9EI=F986M"H9AF9;5F8=B;5B
5I8=H7CAA=HH99:=B5B7=5@9LD9FH=G=B7CFDCF5H986MF9:9F9B79:FCAH<9=B:CFA5H=CBIB89FH<975DH=CBXCFDCF5H9
CJ9FB5B79UI8=HCAA=HH99=B5B7=5@LD9FH5B8I8=HCF+CH5H=CBY=BCIF)FCLM,H5H9A9BH-<9=B:CFA5H=CBF9EI=F98
6M"H9AF9;5F8=B;H<9A9A69FGC:CIFI8=HCAA=HH99C:H<9C5F8C:=F97HCFG=G=B7CFDCF5H986MF9:9F9B79:FCAH<9
=B:CFA5H=CBIB89FH<975DH=CBGX)FCLM,IAA5FM
YXCFDCF5H9 CJ9FB5B79UC5F8CAA=HH99IB7H=CBG
YXCFDCF5H9
CJ9FB5B79UI8=HCAA=HH99=B5B7=5@LD9FH5B8I8=HCF+CH5H=CB
Y5B8X)FCDCG5@U@97H=CBC:=F97HCFGY=BCIF
)FCLM,H5H9A9BH-<9=B:CFA5H=CBF9EI=F986M"H9AF9;5F8=B;H<9I8=HCAA=HH99WGF9J=9K5B88=G7IGG=CBC:H<9
5I8=H98:=B5B7=5@GH5H9A9BHG=G=B7CFDCF5H986MF9:9F9B79:FCA=B:CFA5H=CBIB89FH<975DH=CBXI8=HCAA=HH99+9DCFHY=B
CIF)FCLM,H5H9A9BH-<9=B:CFA5H=CBF9EI=F986M"H9AF9;5F8=B;CIF7C89GC:9H<=7G=G=B7CFDCF5H986MF9:9F9B79:FCA
H<9=B:CFA5H=CBIB89FH<975DH=CBXCFDCF5H9 CJ9FB5B79UC89GC:H<=7GY=BCIF)FCLM,H5H9A9BH"B588=H=CB
K9<5J9
=B7@I898=B"H9A=BGHFI7H=CBG:CF<CKHC5779GGCIF7C89GC:9H<=7GCBCIFK96G=H95B8CIF"BH9FB9H
588F9GGA9B8A9BHGHC
5B8K5=J9FG;F5BH98IB89F
CIFC89C:H<=7G:CF,9B=CF=B5B7=5@)9FGCBB9@
=:5BM
K=@@69
DCGH98HCCIFK96G=H95GK9@@
'
6#!32'4#-+.#,12'-,
-<9=B:CFA5H=CBF9EI=F986M"H9A=G=B7CFDCF5H986MF9:9F9B79:FCAH<9=B:CFA5H=CBIB89FH<9:C@@CK=B;75DH=CBG=B
CIF)FCLM,H5H9A9BHX=F97HCFCAD9BG5H=CB=B
YXCAD9BG5H=CB=G7IGG=CB5B8B5@MG=G
YXCAD9BG5H=CB
CAA=HH99+9DCFH
YXCAD9BG5H=CBCAA=HH99"BH9F@C7?G5B8"BG=89F)5FH=7=D5H=CB
YXCAD9BG5H=CBC:'5A98
L97IH=J9G
YX,IAA5FMCAD9BG5H=CB-56@9
YX F5BHGC:)@5B5G98K5F8G=B
YX(IHGH5B8=B;EI=HMK5F8G5H
=G75@295FB8
YX(DH=CBL9F7=G9G5B8,HC7?/9GH98=B
YX)9BG=CB9B9:=HG=B
YX'CBEI5@=:=989:9FF98
CAD9BG5H=CB=B
YX)CH9BH=5@)5MA9BHG.DCB-9FA=B5H=CBCF<5B;9=BCBHFC@
Y5B8X)5M+5H=CY
'
#!30'275,#01&'.-$#02',#,#$'!'*5,#01,",%#+#,2,"#*2#"2-!)&-*"#022#01
-<9=B:CFA5H=CBF9EI=F986M"H9A=G=B7CFDCF5H986MF9:9F9B79:FCAH<9=B:CFA5H=CBIB89FH<975DH=CBGXEI=HM
CAD9BG5H=CB)@5B"B:CFA5H=CBY5B8XCFDCF5H9 CJ9FB5B79U9B9:=7=5@,HC7?(KB9FG<=DY=BCIF)FCLM,H5H9A9BH
'
#02',#*2'-,1&'.1,"#*2#"0,1!2'-,1," '0#!2-0,"#.#,"#,!#
-<9=B:CFA5H=CBF9EI=F986M"H9A=G=B7CFDCF5H986MF9:9F9B79:FCAH<9=B:CFA5H=CBIB89FH<975DH=CBGXCFDCF5H9
CJ9FB5B79U9FH5=B+9@5H=CBG<=DG5B8+9@5H98)5FHM-F5BG57H=CBGY5B8XCFDCF5H9 CJ9FB5B79U"B89D9B89B79C:
=F97HCFG5B8+9@9J5BH57HG5B8=F7IAGH5B79GY=BCIF)FCLM,H5H9A9BH
'
0',!'.*
!!-3,2',%##1,"#04'!#1
-<9=B:CFA5H=CBF9EI=F986M"H9A=G=B7CFDCF5H986MF9:9F9B79:FCAH<9=B:CFA5H=CBIB89FH<975DH=CBX)FCDCG5@
+5H=:=75H=CBC:"B89D9B89BH+9;=GH9F98)I6@=777CIBH=B;=FAY=BCIF)FCLM,H5H9A9BH

#%')
'
6&' '21,"',,!'*22#+#,2!&#"3*#1
-
5:-:/5-8&@-@191:@?G;>0 ;@;>;9<-:E-:0&A.?505->51?
-<9:C@@CK=B;5F97CBH5=B98=BH<=GCFA$+9DCFH
Z +9DCFHC:"B89D9B89BH+9;=GH9F98)I6@=777CIBH=B;=FA
Z CBGC@=85H98,H5H9A9BHGC:5G<@CKG:CFH<9M95FG9B898979A69F

5B8
Z CBGC@=85H98"B7CA9,H5H9A9BHG:CFH<9M95FG9B898979A69F

5B8
Z CBGC@=85H98,H5H9A9BHGC:CADF9<9BG=J9"B7CA9:CFH<9M95FG9B898979A69F

5B8

Z CBGC@=85H985@5B79,<99HG5H979A69F
5B8
Z CBGC@=85H98,H5H9A9BHGC:EI=HM:CFH<9M95FG9B898979A69F

5B8
Z 'CH9GHCH<9=B5B7=5@,H5H9A9BHG
-<9+9DCFHC:"B89D9B89BH+9;=GH9F98)I6@=777CIBH=B;=FA
H<9CBGC@=85H98=B5B7=5@,H5H9A9BHG
5B8H<9'CH9G
HCH<9=B5B7=5@,H5H9A9BHG@=GH9856CJ95F9:=@985GD5FHC:H<=G+9DCFH5B85F9G9H:CFH<69;=BB=B;CBD5;9
=AA98=5H9@M:C@@CK=B;H<9G=;B5HIF9D5;9GC:H<=G+9DCFH
-5:-:/5-8&@-@191:@&/410A81?
1?53:-@5;: 1?/>5<@5;:
,7<98I@9"" /5@I5H=CB5B8*I5@=:M=B;77CIBHG:CFH<9M95FG9B898

5B8
,7<98I@9""=G:=@985GD5FHC:H<=G+9DCFH5B8=GG9H:CFH<CBD5;9=AA98=5H9@M:C@@CK=B;H<9'CH9GHCH<9=B5B7=5@
,H5H9A9BHGF9:9FF98HC56CJ9-<9CH<9FG7<98I@9G5F9CA=HH986975IG9H<9M5F9BCH5DD@=756@9
H<9=B:CFA5H=CBF9EI=F98
HC697CBH5=B98=BH<9A=G8=G7@CG989@G9K<9F9CBCIFCBGC@=85H98=B5B7=5@,H5H9A9BHG
CFH<95ACIBHG=BJC@J985F9
BCHGI::=7=9BHHCF9EI=F9GI6A=GG=CB
-D45.5@?
1?53:-@5;: 1?/>5<@5;: 1@4;0;2585:3
L<=6=H +9GH5H989FH=:=75H9C:"B7CFDCF5H=CB
85H98 =@985GL<=6=HHCCIFBBI5@+9DCFHCBCFA$:CFH<9
I;IGH
M95F9B898979A69F
5
L<=6=H 9FH=:=75H9C:9G=;B5H=CBGC:,9F=9G#IB=CF)5FH=7=D5H=B; =@985GL<=6=HHCCIFIFF9BH+9DCFHCBCFA$:=@98
)F9:9FF98,HC7?:=@98CB,9DH9A69F
,9DH9A69F
5
L<=6=H M@5KG =@985GL<=6=HHCCIFCFA :=@98CB
,9DH9A69F
5
L<=6=H -5L9B9:=H)F9G9FJ5H=CB)@5BX-))Y85H98 =@985GL<=6=HHCCIFIFF9BH+9DCFHCBCFA$:=@98
,9DH9A69F
69HK99BCF8&CHCFCAD5BM5B8 ,9DH9A69F
5
CADIH9FG<5F9-FIGHCAD5BM
'
L<=6=H A9B8A9BH'CHC-))85H98,9DH9A69F
=@985GL<=6=HHCCIFIFF9BH+9DCFHCBCFA$:=@98
,9DH9A69F
5
,9DH9A69F
5
,9DH9A69F
5
L<=6=H 9G7F=DH=CBC:,97IF=H=9G =@98K=H<H<=G+9DCFH
L<=6=H L97IH=J9,9D5F5H=CB@@CK5B79)@5B
5G5A9B8985B8 =@985GL<=6=HHCCIFIFF9BH+9DCFHCBCFA$:=@98
F9GH5H989::97H=J95GC:#5BI5FM
6 96FI5FM
5
L<=6=H 9:9FF98CAD9BG5H=CB)@5B:CF'CBAD@CM99=F97HCFG
=@985GL<=6=HHCCIFBBI5@+9DCFHCBCFA$:CFH<9
5G5A9B8985B8F9GH5H985GC:#5BI5FM
6 M95F9B898979A69F
5
L<=6=H ,HC7?)@5B:CF'CBAD@CM99=F97HCFG6 =@985GL<=6=HHCCIFBBI5@+9DCFHCBCFA$:CFH<9
M95F9B898979A69F
5

1?53:-@5;: 1?/>5<@5;: 1@4;0;2585:3
L<=6=H 9B9:=HEI5@=N5H=CB)@5B
5G5A9B8985B8F9GH5H98 =@985GL<=6=HHCCIFIFF9BH+9DCFHCBCFA$:=@98
9::97H=J95GC:#5BI5FM
6 96FI5FM
5
L<=6=H 9G7F=DH=CBC::=B5B7=5@7CIBG9@=B;G9FJ=79GDFCJ=898HC =@985GL<=6=HHCCIFBBI5@+9DCFHCBCFA$:CFH<9
79FH5=B9L97IH=J9G6 M95F9B898979A69F
5
L<=6=H 9:=B989B9:=H,IDD@9A9BH5@L97IH=J9+9H=F9A9BH)@5B
5G5A9B8985B8F9GH5H989::97H=J95GC:#5BI5FM
96FI5FM
5
6
L<=6=H 9:=B98CBHF=6IH=CB,IDD@9A9BH5@L97IH=J9+9H=F9A9BH =@985GL<=6=HHCCIF*I5FH9F@M+9DCFHCBCFA*:CFH<9
)@5B
5G5A9B8985B8F9GH5H989::97H=J95GC: EI5FH9F9B898#IB9
5
#I@M
6
L<=6=H 9G7F=DH=CBC:=F97HCFCAD9BG5H=CB5GC:#I@M
=@985GL<=6=H HCCIF*I5FH9F@M+9DCFHCBCFA*:CF
6 H<9EI5FH9F9B898,9DH9A69F
5
L<=6=H A9B8A9BHHC9G7F=DH=CBC:=F97HCFCAD9BG5H=CB5GC: =@985GL<=6=HHCCIFBBI5@+9DCFHCBCFA$:CFH<9
96FI5FM
6 M95F9B898979A69F
5
L<=6=H A9B8A9BHHC9G7F=DH=CBC:=F97HCFCAD9BG5H=CB5GC: =@985GL<=6=H HCCIFBBI5@+9DCFHCBCFA$:CFH<9
#I@M
6 M95F9B898979A69F
5
L<=6=H A9B8A9BHHC9G7F=DH=CBC:=F97HCFCAD9BG5H=CB5GC: =@985GL<=6=H HCCIFBBI5@+9DCFHCBCFA$:CFH<9
#5BI5FM
6 M95F9B898979A69F
5
L<=6=H! %CB;-9FA"B79BH=J9)@5B6 =@985GL<=6=HHCCIF*I5FH9F@M+9DCFHCBCFA*:CFH<9
EI5FH9F9B898#IB9
5
L<=6=H" 9G7F=DH=CBC:&5H7<=B; =:H)FC;F5A5B8/9<=7@9 =@985GL<=6=H"HCCIFBBI5@+9DCFHCBCFA$ :CFH<9
J5@I5H=CB)FC;F5A:CF'CBAD@CM99=F97HCFG6 M95F9B898979A69F
5
L<=6=H# 'CBAD@CM99=F97HCFG%=:9"BGIF5B795B8(DH=CB5@ =@985GL<=6=H"HCCIFBBI5@+9DCFHCBCFA$:CFH<9
+9H=F9A9BH)@5B5G5A9B8985B8F9GH5H985GC: M95F9B898979A69F
5
979A69F
6
L<=6=H$ 9G7F=DH=CBC:'CBAD@CM99=F97HCFG77=89BH5@95H<
=@985GL<=6=H,HCCIFBBI5@+9DCFHCBCFA$:CFH<9
=GA9A69FA9BH5B8)9FA5B9BH-CH5@=G56@9A9BH M95F9B898979A69F
5
"B89AB=HM6
L<=6=H$ 9G7F=DH=CBC:A9B8A9BHHC5G=7%=:9"BGIF5B795B8 =@985GL<=6=H$HCCIFBBI5@+9DCFHCBCFA$:CFH<9
77=89BH5@95H<=GA9A69FA9BH"BGIF5B796 M95F9B898979A69F
5
L<=6=H% L97IH=J905=J9F5B8+9@95G9;F99A9BH69HK99BCF8 =@985GL<=6=HHCCIF*I5FH9F@M+9DCFHCBCFA*:CFH<9
&CHCFCAD5BM5B8#CG9D<+!=BF=7<G85H98 EI5FH9F9B898&5F7<
5
96FI5FM
6
L<=6=H& (::9F%9HH9FHC-=A,HCB985H98&5F7<
6 =@985GL<=6=HHCCIFIFF9BH+9DCFHCBCFA$:=@98
#IB9
5
L<=6=H& L97IH=J9,9D5F5H=CB05=J9F5B8+9@95G9;F99A9BH =@985GL<=6=HHCCIF*I5FH9F@M+9DCFHCBCFA*:CFH<9
69HK99BCF8&CHCFCAD5BM5B8-=A,HCB985H98 EI5FH9F9B898,9DH9A69F
5
,9DH9A69F
6
L<=6=H' ;F99A9BH69HK99BCF8&CHCFCAD5BM5B8#5A9G =@985GL<=6=HHCCIF*I5FH9F@M+9DCFHCBCFA*:CFH<9
5F@9M
#F85H98I;IGH
6 EI5FH9F9B898,9DH9A69F
5
L<=6=H( ,9@97H+9H=F9A9BH)@5B
5G5A9B8985B8F9GH5H98 =@985GL<=6=HHCCIFIFF9BH+9DCFHCBCFA$:=@98
9::97H=J95GC:#5BI5FM
6 96FI5FM
5
L<=6=H) 9:9FF98CAD9BG5H=CB)@5B
5G5A9B8985B8F9GH5H98 =@985GL<=6=H&HCCIFBBI5@+9DCFHCBCFA$:CFH<9
5GC:979A69F
6 M95F9B898979A69F
5
L<=6=H) ,IGD9BG=CBC:(D9BBFC@@A9BH=B9:9FF98 =@985GL<=6=H&HCCIFBBI5@+9DCFHCBCFA$:CFH<9
CAD9BG5H=CB)@5B6 M95F9B898979A69F
5
L<=6=H* BBI5@"B79BH=J9CAD9BG5H=CB)@5B
5G5A9B8985B8 =@985GL<=6=HHCCIF*I5FH9F@M+9DCFHCBCFA*:CFH<9
F9GH5H989::97H=J95GC:,9DH9A69F
6 EI5FH9F9B898,9DH9A69F
5
L<=6=H* BBI5@"B79BH=J9CAD9BG5H=CB)@5B&9HF=7G:CF6 =@985GL<=6=HHCCIF*I5FH9F@M+9DCFHCBCFA*:CFH<9
EI5FH9F9B898&5F7<
5
L<=6=H* BBI5@"B79BH=J9CAD9BG5H=CB)@5B&9HF=7G:CF6 =@985GL<=6=HHCCIF*I5FH9F@M+9DCFHCBCFA*:CFH<9
EI5FH9F9B898&5F7<
5
L<=6=H* )9F:CFA5B795G98+9GHF=7H98,HC7?.B=H&9HF=7G:CF =@985GL<=6=H(HCCIFBBI5@+9DCFHCBCFA$:CF
6 H<9M95F9B898979A69F
5
L<=6=H* )9F:CFA5B795G98+9GHF=7H98,HC7?.B=H&9HF=7G:CF =@985GL<=6=HHCCIF*I5FH9F@M+9DCFHCBCFA*:CFH<9
6 EI5FH9F9B898&5F7<
5
6 EI5FH9F9B898&5F7<
5
6 EI5FH9F9B898&5F7<
5
L<=6=H* L97IH=J9CAD9BG5H=CB+97CIDA9BH)C@=7M6 =@985GL<=6=H'HCCIFBBI5@+9DCFHCBCFA$:CFH<9
M95F9B898979A69F
5
L<=6=H* "B7F9A9BH5@CBIG9G7F=DH=CB6 =@985GL<=6=H'HCCIFBBI5@+9DCFHCBCFA$:CFH<9
M95F9B898979A69F
5
L<=6=H+ %CB;-9FA"B79BH=J9)@5B6 =@985GL<=6=HHC+9;=GHF5H=CB,H5H9A9BH'C5
L<=6=H+ CFAC:,HC7?(DH=CB-9FAG5B8CB8=H=CBG:CF%CB;-9FA =@985GL<=6=HHCCIF*I5FH9F@M+9DCFHCBCFA*:CFH<9
"B79BH=J9)@5B6 EI5FH9F9B898,9DH9A69F
5

1?53:-@5;: 1?/>5<@5;: 1@4;0;2585:3
L<=6=H+ CFAC:,HC7?(DH=CB;F99A9BH:CF%CB;-9FA"B79BH=J9 =@985GL<=6=H)HCCIFBBI5@+9DCFHCBCFA$:CFH<9
)@5B6 M95F9B898979A69F
5
L<=6=H+ CFAC:,HC7?(DH=CB;F99A9BH",(:CF%CB;-9FA =@985GL<=6=H)HCCIFBBI5@+9DCFHCBCFA$:CFH<9
"B79BH=J9)@5B6 M95F9B898979A69F
5
L<=6=H+ CFAC:,HC7?(DH=CB;F99A9BH.$'*(:CF%CB; =@985GL<=6=H)HCCIFBBI5@+9DCFHCBCFA$:CFH<9
-9FA"B79BH=J9)@5B6 M95F9B898979A69F
5
L<=6=H+ CFAC:,HC7?(DH=CB.$-9FAG5B8CB8=H=CBG:CF =@98K=H<H<=G+9DCFH
%CB;-9FA"B79BH=J9)@5B6
L<=6=H+ CFAC:+9GHF=7H98,HC7? F5BH%9HH9F6 =@985GL<=6=H)HCCIFBBI5@+9DCFHCBCFA$:CFH<9
M95F9B898979A69F
5
L<=6=H+ CFAC:=B5@K5F8'CH=:=75H=CB%9HH9F:CF)9F:CFA5B79 =@985GL<=6=H)HCCIFBBI5@+9DCFHCBCFA$:CFH<9
5G98+9GHF=7H98,HC7?.B=HG6 M95F9B898979A69F
5
L<=6=H+ CFAC:BBI5@EI=HM F5BH%9HH9F/6 =@985GL<=6=H)HCCIFBBI5@+9DCFHCBCFA$:CFH<9
M95F9B898979A69F
5
L<=6=H+ CFAC:BBI5@EI=HM F5BH%9HH9F/6 =@985GL<=6=H)HCCIFBBI5@+9DCFHCBCFA$:CF
H<9M95F9B898979A69F
5
L<=6=H+ %CB;-9FA"B79BH=J9)@5B+9GHF=7H98,HC7?.B=H =@985GL<=6=H)HCCIFBBI5@+9DCFHCBCFA$:CF
;F99A9BH6 H<9M95F9B898979A69F
5
L<=6=H+ %CB;-9FA"B79BH=J9)@5B+9GHF=7H98,HC7?.B=H-9FAG5B8 =@985GL<=6=H)HCCIFBBI5@+9DCFHCBCFA$:CF
CB8=H=CBG6 H<9M95F9B898979A69F
5
L<=6=H+ CFAC:=B5@K5F8;F99A9BH:CF)9F:CFA5B795G98 =@985GL<=6=H)HCCIFBBI5@+9DCFHCBCFA$:CF
+9GHF=7H98,HC7?.B=HGIB89F%CB;-9FA"B79BH=J9)@5B H<9M95F9B898979A69F
5
6
L<=6=H+ CFAC:=B5@K5F8-9FAG5B8CB8=H=CBG:CF =@985GL<=6=H)HCCIFBBI5@+9DCFHCBCFA$:CF
)9F:CFA5B795G98+9GHF=7H98,HC7?.B=HGIB89F%CB; H<9M95F9B898979A69F
5
-9FA"B79BH=J9)@5B6
L<=6=H+ CFAC:'CH=:=75H=CB%9HH9F:CF-=A95G98+9GHF=7H98 =@985GL<=6=H)HCCIFBBI5@+9DCFHCBCFA$:CF
,HC7?.B=HG6 H<9M95F9B898979A69F
5
L<=6=H, ;F99A9BH85H98#5BI5FM
69HK99BCF8&CHCF =@985GL<=6=H1HCCIFBBI5@+9DCFHCBCFA$:CFH<9
CAD5BM5B88G9@CF8""6 M95F9B898979A69F
5
L<=6=H, A9B8A9BH85H98&5M
HCH<9CBGI@H=B; =@985GL<=6=HHCCIF*I5FH9F@M+9DCFHCBCFA*:CF
;F99A9BH69HK99BCF8&CHCFCAD5BM5B8 H<9EI5FH9F9B898&5F7<
5
8G9@CF8""6
L<=6=H, A9B8A9BH85H98#5BI5FM
HCH<9CBGI@H=B; =@985GL<=6=H)HCCIFBBI5@+9DCFHCBCFA$:CFH<9
;F99A9BH69HK99BCF8&CHCFCAD5BM5B8 M95F9B898979A69F
5
8G9@CF8""6
L<=6=H- ,97CB8A9B8985B8+9GH5H98+9@5H=CBG<=D;F99A9BH =@985GL<=6=HHCCIFIFF9BH+9DCFHCBCFA$:=@98
85H98&5F7<
69HK99BCF8&CHCFCAD5BM5B8 &5F7<
5
CF8&CHCFF98=HCAD5BM%%
L<=6=H. CFAC:-F589,97F9HG 'CBCAD9H9,H5H9A9BH69HK99B =@985GL<=6=H/HCCIFBBI5@+9DCFHCBCFA$:CFH<9
CF85B879FH5=BC:=HGL97IH=J9(::=79FG6 M95F9B898979A69F
5
L<=6=H/ FF5B;9A9BH69HK99BCF8&CHCFCAD5BM5B8 =@985GL<=6=H/HCCIFBBI5@+9DCFHCBCFA$:CFH<9
0=@@=5ACF8
#F
85H9896FI5FM
6 M95F9B898979A69F
5
L<=6=H0 9G7F=DH=CBC:CAD5BM)F57H=79GF9;5F8=B;@I6 =@985GL<=6=HHCCIFBBI5@+9DCFHCBCFA$:CFH<9
&9A69FG<=DG:CFL97IH=J9G6 M95F9B898979A69F
5
L<=6=H1 A9B8985B8+9GH5H98F98=H;F99A9BH85H985GC: =@985GL<=6=HHCCIFIFF9BH+9DCFHCBCFA$:=@98
'CJ9A69F
'CJ9A69F
5
L<=6=H1 ,9J9BH<A9B8A9BH85H985GC:&5F7<
HCCIF =@985GL<=6=HHCCIFIFF9BH+9DCFHCBCFA$:=@98
F98=H;F99A9BH85H985GC:979A69F

5G &5F7<
5
5A9B8985B8F9GH5H985GC:'CJ9A69F

5B85G
:IFH<9F5A9B898
L<=6=H1 '=BH<A9B8A9BH85H985GC:DF=@
HCCIFF98=H =@985GL<=6=HHCCIF*I5FH9F@M+9DCFHCBCFA*:CFH<9
;F99A9BH85H985GC:979A69F

5G5A9B898 EI5FH9F9B898&5F7<
5
5B8F9GH5H985GC:'CJ9A69F

5B85G:IFH<9F
5A9B898
L<=6=H1 -9BH<A9B8A9BH85H985GC:DF=@
HCCIFF98=H =@985GL<=6=HHCCIF*I5FH9F@M+9DCFHCBCFA*:CFH<9
;F99A9BH85H985GC:979A69F

5G5A9B898 EI5FH9F9B898&5F7<
5
5B8F9GH5H985GC:'CJ9A69F

5B85G:IFH<9F
5A9B898
L<=6=H1 @9J9BH<A9B8A9BH85H985GC:DF=@
F98=H;F99A9BH85H985GC:979A69F

5G &5M
5

5G
5A9B8985B8F9GH5H985GC:DF=@

5B85G:IFH<9F
5A9B898
=B7@I8=B;H<9-<=F8A9B8985B8+9GH5H98
F98=H;F99A9BH
L<=6=H1 -K9@:H<A9B8A9BH85H985GC:DF=@
F98=H;F99A9BH85H985GC:979A69F

5G DF=@
5

5G

5B85G:IFH<9F

1?53:-@5;: 1?/>5<@5;: 1@4;0;2585:3
L<=6=H1 -<=FH99BH<A9B8A9BH85H985GC:DF=@
F98=H;F99A9BH85H985GC:979A69F

5G DF=@
5

5G

5B85G:IFH<9F

L<=6=H1 CIFH99BH<A9B8A9BH85H985GC:DF=@
F98=H;F99A9BH85H985GC:979A69F

5G DF=@
5

5G

5B85G:IFH<9F

L<=6=H1 =:H99BH<A9B8A9BH85H985GC:DF=@
F98=H;F99A9BH85H985GC:979A69F

5G DF=@
5

5G

5B85G:IFH<9F

L<=6=H1 ,=LH99BH<A9B8A9BH85H985GC:#I@M
F98=H;F99A9BH85H985GC:979A69F

5G #I@M
5

5G

5B85G:IFH<9F

L<=6=H2 +9JC@J=B;F98=H;F99A9BH85H985GC:DF=@
DF=@
5
L<=6=H2 =FGHA9B8A9BH85H98#I@M
HCH<9+9JC@J=B; =@985GL<=6=HHCCIFIFF9BH+9DCFHCBCFA$:=@98
F98=H;F99A9BH85H98DF=@
#I@M
5
L<=6=H3 -9FA%C5BF98=H;F99A9BH85H985GC:DF=@
DF=@
5
L<=6=H %C5BFF5B;9A9BH5B8+9=A6IFG9A9BH;F99A9BH =@985GL<=6=HHCCIFIFF9BH+9DCFHCBCFA$:=@98
69HK99BCF8&CHCFCAD5BM5B8H<9.,9D5FHA9BH ,9DH9A69F
5
C:B9F;M85H985GC:,9DH9A69F

L<=6=H 'CH9)IF7<5G9;F99A9BH85H985GC: =@985GL<=6=HHCCIFIFF9BH+9DCFHCBCFA$:=@98
,9DH9A69F
5ACB;H<9989F5@=B5B7=B;5B?
,9DH9A69F
5
CF8&CHCFCAD5BM
5B8H<9.,,97F9H5FMC:B9F;M
L<=6=H %=GHC:,I6G=8=5F=9GC:CF85GC:#5BI5FM
=@98K=H<H<=G+9DCFH
L<=6=H CBG9BHC:"B89D9B89BH+9;=GH9F98)I6@=777CIBH=B; =@98K=H<H<=G+9DCFH
=FA
L<=6=H )CK9FGC:HHCFB9M =@98K=H<H<=G+9DCFH
L<=6=H +I@9859FH=:=75H=CBC:( =@98K=H<H<=G+9DCFH
L<=6=H +I@9859FH=:=75H=CBC:( =@98K=H<H<=G+9DCFH
L<=6=H ,97H=CB9FH=:=75H=CBC:( IFB=G<98K=H<H<=G+9DCFH
L<=6=H ,97H=CB9FH=:=75H=CBC:( IFB=G<98K=H<H<=G+9DCFH
L<=6=H"', "BH9F57H=J95H5=@9GDIFGI5BHHC+I@9C:+9;I@5H=CB 7
,-:CFA5HH98=B"B@=B9LH9BG=6@9IG=B9GG+9DCFH=B;
%5B;I5;9X"B@=B91+%Y
L<=6=H,! 1+%-5LCBCAMLH9BG=CB,7<9A5C7IA9BH 7
L<=6=H% 1+%-5LCBCAMLH9BG=CB5@7I@5H=CB%=B?65G9 7
C7IA9BH
L<=6=H% 1+%-5LCBCAMLH9BG=CB%569@%=B?65G9C7IA9BH 7
L<=6=H)+ 1+%-5LCBCAMLH9BG=CB)F9G9BH5H=CB%=B?65G9 7
C7IA9BH
L<=6=H 1+%-5LCBCAMLH9BG=CB9:=B=H=CB%=B?65G9C7IA9BH 7
L<=6=H CJ9F)5;9"BH9F57H=J95H5=@9:CFA5HH98=B"B@=B91+% 7
7CBH5=B98=BL<=6=H
4444444444
5 "B7CFDCF5H986MF9:9F9B795G5B9L<=6=HHCH<=G+9DCFH:=@9BIA69FF9:9F9B79
IB@9GGCH<9FK=G9=B8=75H98
6 &5B5;9A9BH7CBHF57HCF7CAD9BG5HCFMD@5BCF5FF5B;9A9BH
7 ,I6A=HH989@97HFCB=75@@MK=H<H<=G+9DCFH=B577CF85B79K=H<H<9DFCJ=G=CBGC:+9;I@5H=CB,-
"BGHFIA9BHG89:=B=B;H<9F=;<HGC:<C@89FGC:79FH5=B=GGI9GC:@CB;H9FA896HC:CF85B8C:79FH5=B7CBGC@=85H98
GI6G=8=5F=9G5B8C:5BMIB7CBGC@=85H98GI6G=8=5FM
:CFK<=7<:=B5B7=5@GH5H9A9BHG5F9F9EI=F98HC69:=@98K=H<H<=G+9DCFH

<5J9BCH699B:=@985G9L<=6=HGHCH<=G+9DCFH6975IG9H<95IH<CF=N98DF=B7=D5@5ACIBHC:5BMCB9C:GI7<=GGI9G8C9GBCH
9L7998C:H<9HCH5@5GG9HGC:CF85B8CIFGI6G=8=5F=9GCB57CBGC@=85H9865G=GCF85;F99GHC:IFB=G<57CDMC:
957<C:GI7<=BGHFIA9BHHCH<9,97IF=H=9G5B8L7<5B;9CAA=GG=CBIDCBF9EI9GH
'
-0+3++07
'CB9

&!'(%&
)IFGI5BHHCH<9F9EI=F9A9BHGC:,97H=CBCF8C:H<9,97IF=H=9GL7<5B;97HC:
5G5A9B898
CF8<5G
8I@M75IG98H<=G+9DCFHHC69G=;B98CB=HG69<5@:6MH<9IB89FG=;B98
H<9F9IBHC8I@M5IH<CF=N98

(+&(-(+(&)'2
M G 5H<M(W5@@5;<5B
5H<M(W5@@5;<5B
CBHFC@@9F
DF=B7=D5@577CIBH=B;C::=79F

5H9 96FI5FM

)IFGI5BHHCH<9F9EI=F9A9BHGC:H<9,97IF=H=9GL7<5B;97HC:
5G5A9B898
H<=G+9DCFH<5G699BG=;B98
69@CK6MH<9:C@@CK=B;D9FGCBGCB69<5@:C:CF85B8=BH<975D57=H=9GCBH<985H9=B8=75H98
&53:-@A>1 '5@81 -@1
G 0"%%"&%2(+
#+ =F97HCF
<5=FA5BC:H<9C5F8
L97IH=J9<5=FA5B
96FI5FM

0=@@=5A@5MCF8
#F <5=FC:H<9(::=79C:H<9<5=FA5B5B8<=9:L97IH=J9

5B8<5=FC:H<9=B5B79CAA=HH99
G #&,+%2
#+ =F97HCF
)F9G=89BH5B8<=9:L97IH=J9(::=79F 96FI5FM

#5A9G5F@9M
#F DF=B7=D5@9L97IH=J9C::=79F
$"&+%2,"'( =F97HCF 96FI5FM

$=A69F@M5G=5BC
'-!('2+%2
#+ =F97HCF5B8<5=FC:H<9CAD9BG5H=CBCAA=HH99 96FI5FM

BH<CBM5F@9M
#F
,%(+"" =F97HCF 96FI5FM

8G9@CF8""
0"%%"&0!%&'"/ =F97HCF5B8<5=FC:H<9,IGH5=B56=@=HM5B8"BBCJ5H=CB 96FI5FM

0=@@=5A0!9@A5B"/ CAA=HH99
#('&!.'-,&'
#+ =F97HCF 96FI5FM

#CB&!IBHGA5B
#F
0"%%"&$''+ =F97HCF5B8<5=FC:H<9'CA=B5H=B;5B8 CJ9FB5B79 96FI5FM

0=@@=5A$9BB5F8 CAA=HH99
#(!'%!%"-+ =F97HCF 96FI5FM

#C<B%97<@9=H9F
-!&(('2 =F97HCF 96FI5FM

9H<&CCB9M
#(!'%-!(+'-(' =F97HCF 96FI5FM

#C<B%-<CFBHCB

&53:-@A>1 '5@81 -@1
#(!'/"!&2+ =F97HCF5B8<5=FC:H<9I8=HCAA=HH99 96FI5FM

#C<B/9=<A9M9F
%2''&/(#/("! =F97HCF 96FI5FM

%MBB&/C>JC8=7<
#(!',0"'+ =F97HCF 96FI5FM

#C<B,09=B69F;

G #(!'-%0%+ <=9:=B5B7=5@(::=79F 96FI5FM

#C<B-%5K@9F DF=B7=D5@:=B5B7=5@C::=79F
G -!2(W%% !' CBHFC@@9F 96FI5FM

5H<M(W5@@5;<5B DF=B7=D5@577CIBH=B;C::=79F
M G #('-!'(, (( 96FI5FM

#CB5H<5B(G;CC8
HHCFB9M=B57H

%1<;>@;2:01<1:01:@%135?@1>10#A.85///;A:@5:35>9
-CH<9C5F8C:=F97HCFG5B8,HC7?<C@89FGC:CF8&CHCFCAD5BM
.','-,1-,2&#',,!'*22#+#,21,",2#0,*-,20-*-4#0',,!'*#.-02',%
09<5J95I8=H98H<9577CAD5BM=B;7CBGC@=85H9865@5B79G<99HGC:CF8&CHCFCAD5BM5B8=HGGI6G=8=5F=9G
H<9XCAD5BMY5GC:979A69F
5B8
5B8H<9F9@5H987CBGC@=85H98GH5H9A9BHGC:=B7CA9
C:
7CADF9<9BG=J9=B7CA9
C:9EI=HM5B8C:75G<:@CKG:CF957<C:H<9H<F99M95FG=BH<9D9F=C89B898979A69F

=B7@I8=B;H<9F9@5H98BCH9G5B8:=B5B7=5@GH5H9A9BHG7<98I@9@=GH98=BH<9=B89L5DD95F=B;IB89F"H9A57C@@97H=J9@M
F9:9FF98HC5GH<9X7CBGC@=85H98:=B5B7=5@GH5H9A9BHGY095@GC<5J95I8=H98H<9CAD5BMWG=BH9FB5@7CBHFC@CJ9F:=B5B7=5@
F9DCFH=B;5GC:979A69F

65G98CB7F=H9F=59GH56@=G<98=B9?0=9,7:9?=:79?02=,?0/=,80B:=6=GGI98
6MH<9CAA=HH99C:,DCBGCF=B;(F;5B=N5H=CBGC:H<9-F958K5MCAA=GG=CB(,(
"BCIFCD=B=CB
H<97CBGC@=85H98:=B5B7=5@GH5H9A9BHGF9:9FF98HC56CJ9DF9G9BH:5=F@M
=B5@@A5H9F=5@F9GD97HG
H<9:=B5B7=5@
DCG=H=CBC:H<9CAD5BM5GC:979A69F
5B8
5B8H<9F9GI@HGC:=HGCD9F5H=CBG5B8=HG75G<:@CKG:CF957<
C:H<9H<F99M95FG=BH<9D9F=C89B898979A69F
=B7CB:CFA=HMK=H<577CIBH=B;DF=B7=D@9G;9B9F5@@M5779DH98=B
H<9.B=H98,H5H9GC:A9F=75@GC=BCIFCD=B=CB
H<9CAD5BMA5=BH5=B98
=B5@@A5H9F=5@F9GD97HG
9::97H=J9=BH9FB5@
7CBHFC@CJ9F:=B5B7=5@F9DCFH=B;5GC:979A69F

65G98CB7F=H9F=59GH56@=G<98=B9?0=9,7:9?=:79?02=,?0/
=,80B:=6=GGI986MH<9(,(
3,920>49..:@9?492#=49.4;70>
G8=G7IGG98=B'CH9HCH<97CBGC@=85H98:=B5B7=5@GH5H9A9BHG
H<9CAD5BM7<5B;98H<9A5BB9F=BK<=7<=H577CIBHG
:CF7F98=H@CGG9G=B
1'1$-0.','-,1
-<9CAD5BMWGA5B5;9A9BH=GF9GDCBG=6@9:CFH<9G97CBGC@=85H98:=B5B7=5@GH5H9A9BHG
:CFA5=BH5=B=B;9::97H=J9=BH9FB5@
7CBHFC@CJ9F:=B5B7=5@F9DCFH=B;
5B8:CF=HG5GG9GGA9BHC:H<99::97H=J9B9GGC:=BH9FB5@7CBHFC@CJ9F:=B5B7=5@F9DCFH=B;

=B7@I898=B&5B5;9A9BHWG+9DCFHCB"BH9FB5@CBHFC@(J9F=B5B7=5@+9DCFH=B;5DD95F=B;IB89F"H9A(IF
F9GDCBG=6=@=HM=GHC9LDF9GGCD=B=CBGCBH<9CAD5BMWG7CBGC@=85H98:=B5B7=5@GH5H9A9BHG5B8CBH<9CAD5BMG=BH9FB5@
7CBHFC@CJ9F:=B5B7=5@F9DCFH=B;65G98CBCIF5I8=HG095F95DI6@=7577CIBH=B;:=FAF9;=GH9F98K=H<H<9)I6@=7CAD5BM
77CIBH=B;(J9FG=;<HC5F8.B=H98,H5H9G)(5B85F9F9EI=F98HC69=B89D9B89BHK=H<F9GD97HHCH<9CAD5BM=B
577CF85B79K=H<H<9.,:989F5@G97IF=H=9G@5KG5B8H<95DD@=756@9FI@9G5B8F9;I@5H=CBGC:H<9,97IF=H=9G5B8L7<5B;9
CAA=GG=CB5B8H<9)(
097CB8I7H98CIF5I8=HG=B577CF85B79K=H<H<9GH5B85F8GC:H<9)(-<CG9GH5B85F8GF9EI=F9H<5HK9D@5B5B8
D9F:CFAH<95I8=HGHCC6H5=BF95GCB56@95GGIF5B7956CIHK<9H<9FH<97CBGC@=85H98:=B5B7=5@GH5H9A9BHG5F9:F99C:
A5H9F=5@A=GGH5H9A9BH
K<9H<9F8I9HC9FFCFCF:F5I8
5B8K<9H<9F9::97H=J9=BH9FB5@7CBHFC@CJ9F:=B5B7=5@F9DCFH=B;K5G
A5=BH5=B98=B5@@A5H9F=5@F9GD97HG
(IF5I8=HGC:H<97CBGC@=85H98:=B5B7=5@GH5H9A9BHG=B7@I898D9F:CFA=B;DFC798IF9GHC5GG9GGH<9F=G?GC:A5H9F=5@
A=GGH5H9A9BHC:H<97CBGC@=85H98:=B5B7=5@GH5H9A9BHG
K<9H<9F8I9HC9FFCFCF:F5I8
5B8D9F:CFA=B;DFC798IF9GH<5H
F9GDCB8HCH<CG9F=G?G,I7<DFC798IF9G=B7@I8989L5A=B=B;
CB5H9GH65G=G
9J=89B79F9;5F8=B;H<95ACIBHG5B8
8=G7@CGIF9G=BH<97CBGC@=85H98:=B5B7=5@GH5H9A9BHG(IF5I8=HG5@GC=B7@I8989J5@I5H=B;H<9577CIBH=B;DF=B7=D@9GIG98
5B8G=;B=:=75BH9GH=A5H9GA5896MA5B5;9A9BH
5GK9@@5G9J5@I5H=B;H<9CJ9F5@@DF9G9BH5H=CBC:H<97CBGC@=85H98
:=B5B7=5@GH5H9A9BHG(IF5I8=HC:=BH9FB5@7CBHFC@CJ9F:=B5B7=5@F9DCFH=B;=B7@I898C6H5=B=B;5BIB89FGH5B8=B;C:=BH9FB5@
7CBHFC@CJ9F:=B5B7=5@F9DCFH=B;
5GG9GG=B;H<9F=G?H<5H5A5H9F=5@K95?B9GG9L=GHG
5B8H9GH=B;5B89J5@I5H=B;H<989G=;B
5B8CD9F5H=B;9::97H=J9B9GGC:=BH9FB5@7CBHFC@65G98CBH<95GG9GG98F=G?(IF5I8=HG5@GC=B7@I898D9F:CFA=B;GI7<
CH<9FDFC798IF9G5GK97CBG=89F98B979GG5FM=BH<97=F7IAGH5B79G0969@=9J9H<5HCIF5I8=HGDFCJ=895F95GCB56@9
65G=G:CFCIFCD=B=CBG

#$','2'-,,"'+'22'-,1-$,2#0,*-,20-*-4#0',,!'*#.-02',%
7CAD5BMWG=BH9FB5@7CBHFC@CJ9F:=B5B7=5@F9DCFH=B;=G5DFC79GG89G=;B98HCDFCJ=89F95GCB56@95GGIF5B79F9;5F8=B;H<9
F9@=56=@=HMC::=B5B7=5@F9DCFH=B;5B8H<9DF9D5F5H=CBC::=B5B7=5@GH5H9A9BHG:CF9LH9FB5@DIFDCG9G=B577CF85B79K=H<
;9B9F5@@M5779DH98577CIBH=B;DF=B7=D@9G7CAD5BMWG=BH9FB5@7CBHFC@CJ9F:=B5B7=5@F9DCFH=B;=B7@I89GH<CG9DC@=7=9G5B8
DFC798IF9GH<5H=D9FH5=BHCH<9A5=BH9B5B79C:F97CF8GH<5H
=BF95GCB56@989H5=@
577IF5H9@M5B8:5=F@MF9:@97HH<9
HF5BG57H=CBG5B88=GDCG=H=CBGC:H<95GG9HGC:H<97CAD5BM==DFCJ=89F95GCB56@95GGIF5B79H<5HHF5BG57H=CBG5F9
F97CF8985GB979GG5FMHCD9FA=HDF9D5F5H=CBC::=B5B7=5@GH5H9A9BHG=B577CF85B79K=H<;9B9F5@@M5779DH98577CIBH=B;
DF=B7=D@9G
5B8H<5HF979=DHG5B89LD9B8=HIF9GC:H<97CAD5BM5F969=B;A589CB@M=B577CF85B79K=H<5IH<CF=N5H=CBGC:
A5B5;9A9BH5B88=F97HCFGC:H<97CAD5BM5B8===DFCJ=89F95GCB56@95GGIF5B79F9;5F8=B;DF9J9BH=CBCFH=A9@M
89H97H=CBC:IB5IH<CF=N9857EI=G=H=CB
IG9
CF8=GDCG=H=CBC:H<97CAD5BMWG5GG9HGH<5H7CI@8<5J95A5H9F=5@9::97HCBH<9
:=B5B7=5@GH5H9A9BHG
975IG9C:=HG=B<9F9BH@=A=H5H=CBG
=BH9FB5@7CBHFC@CJ9F:=B5B7=5@F9DCFH=B;A5MBCHDF9J9BHCF89H97HA=GGH5H9A9BHG@GC

DFC>97H=CBGC:5BM9J5@I5H=CBC:9::97H=J9B9GGHC:IHIF9D9F=C8G5F9GI6>97HHCH<9F=G?H<5H7CBHFC@GA5M697CA9
=B589EI5H96975IG9C:7<5B;9G=B7CB8=H=CBG
CFH<5HH<989;F99C:7CAD@=5B79K=H<H<9DC@=7=9GCFDFC798IF9GA5M
89H9F=CF5H9
0'2'!*
3"'222#01
-<97F=H=75@5I8=HA5HH9FG7CAAIB=75H9869@CK5F9A5HH9FG5F=G=B;:FCAH<97IFF9BHD9F=C85I8=HC:H<97CBGC@=85H98
:=B5B7=5@GH5H9A9BHGH<5HK9F97CAAIB=75H98CFF9EI=F98HC697CAAIB=75H98HCH<95I8=H7CAA=HH995B8H<5H=F9@5H9HC
577CIBHGCF8=G7@CGIF9GH<5H5F9A5H9F=5@HCH<97CBGC@=85H98:=B5B7=5@GH5H9A9BHG5B8===BJC@J98CIF9GD97=5@@M
7<5@@9B;=B;
GI6>97H=J9
CF7CAD@9L>I8;A9BHG-<97CAAIB=75H=CBC:7F=H=75@5I8=HA5HH9FG8C9GBCH5@H9F=B5BMK5MCIF
CD=B=CBCBH<97CBGC@=85H98:=B5B7=5@GH5H9A9BHG
H5?9B5G5K<C@9
5B8K95F9BCH
6M7CAAIB=75H=B;H<97F=H=75@5I8=H
A5HH9FG69@CK
DFCJ=8=B;G9D5F5H9CD=B=CBGCBH<97F=H=75@5I8=HA5HH9FGCFCBH<9577CIBHGCF8=G7@CGIF9GHCK<=7<H<9M
F9@5H9
:9>@80=49,9.0%0.04A,-70>77:B,9.01:==0/4?:>>0>
G89G7F=698=B'CH9HCH<97CBGC@=85H98:=B5B7=5@GH5H9A9BHG
H<9CAD5BM<587CBGIA9F:=B5B79F979=J56@9GC:

A=@@=CB
:CFK<=7<57CBGIA9F5@@CK5B79:CF7F98=H@CGG9GC:
A=@@=CBK5GF97CF8985GC:
979A69F
-<97CBGIA9F5@@CK5B79:CF7F98=H@CGG9GF9DF9G9BHGA5B5;9A9BHWG9GH=A5H9C:H<9@=:9H=A9
9LD97H987F98=H@CGG9G=B<9F9BH=BH<97CBGIA9F:=B5B79F979=J56@9G5GC:H<965@5B79G<99H85H9CF7CBGIA9F
F979=J56@9GH<5HG<5F9G=A=@5FF=G?7<5F57H9F=GH=7G
H<99GH=A5H9C:H<9@=:9H=A99LD97H987F98=H@CGG9G=G65G98CB5
7C@@97H=J95GG9GGA9BHIG=B;A95GIF9A9BHAC89@G5B8A5B5;9A9BH>I8;A9BH-<9@=:9H=A99LD97H987F98=H@CGG9G:CFH<9
F979=J56@9G=G89H9FA=B986M5DD@M=B;DFC656=@=HMC:89:5I@H5B8@CGG;=J9B89:5I@H5GGIADH=CBGHCACBH<@M9LD97H98
9LDCGIF9G
H<9B8=G7CIBH=B;H<9G975G<:@CKGHCDF9G9BHJ5@I9IG=B;H<9F979=J56@9WGCF=;=B5@9::97H=J9=BH9F9GHF5H9CFH<9
7IFF9BH9::97H=J9=BH9F9GHF5H9:CF5J5F=56@9F5H9F979=J56@9":A5B5;9A9BH8C9GBCH69@=9J9H<9AC89@GF9:@97H@=:9H=A9
9LD97H987F98=H@CGG9G:CFH<9DCFH:C@=C
5B58>IGHA9BH=GA589HCF9:@97HA5B5;9A9BH>I8;A9BHF9;5F8=B;EI5@=H5H=J9
:57HCFG=B7@I8=B;97CBCA=7IB79FH5=BHM
-<9DF=B7=D5@7CBG=89F5H=CBG:CFCIF89H9FA=B5H=CBH<5HD9F:CFA=B;DFC798IF9GF9@5H=B;HCH<97CBGIA9F:=B5B79
F979=J56@9G5@@CK5B79:CF7F98=H@CGG9G=G57F=H=75@5I8=HA5HH9F5F9H<9G=;B=:=75BH>I8;A9BH6MA5B5;9A9BH=B
89H9FA=B=B;H<97CBGIA9F:=B5B79F979=J56@9G5@@CK5B79:CF7F98=H@CGG9G
K<=7<@98HC5<=;<89;F99C:5I8=HCF>I8;A9BH

GI6>97H=J=HM5B89::CFH=BD9F:CFA=B;DFC798IF9G5B89J5@I5H=B;5I8=H9J=89B79F9@5H=B;HCH<9DFC656=@=HMC:89:5I@H5B8@CGG
;=J9B89:5I@H5GGIADH=CBG5B8A5B5;9A9BHWG>I8;A9BHF9;5F8=B;EI5@=H5H=J9:57HCFG"B588=H=CB
H<95I8=H9::CFH=BJC@J98
H<9IG9C:DFC:9GG=CB5@GK=H<GD97=5@=N98G?=@@5B8?BCK@98;9
88F9GG=B;H<9A5HH9F=BJC@J98D9F:CFA=B;DFC798IF9G5B89J5@I5H=B;5I8=H9J=89B79=B7CBB97H=CBK=H<:CFA=B;CIF
CJ9F5@@CD=B=CBCBH<97CBGC@=85H98:=B5B7=5@GH5H9A9BHG-<9G9DFC798IF9G=B7@I898H9GH=B;H<99::97H=J9B9GGC:7CBHFC@G
F9@5H=B;HCH<9CAD5BMWG89H9FA=B5H=CBC:H<97CBGIA9F:=B5B79F979=J56@9G5@@CK5B79:CF7F98=H@CGG9G-<9G9
DFC798IF9G5@GC=B7@I898
5ACB;CH<9FG
H9GH=B;A5B5;9A9BHWGDFC79GG:CF9GH=A5H=B;H<97CBGIA9F:=B5B79F979=J56@9G
5@@CK5B79:CF7F98=H@CGG9G6M
9J5@I5H=B;H<95DDFCDF=5H9B9GGC:H<9AC89@GIG98HC9GH=A5H9H<95@@CK5B79
9J5@I5H=B;
H<9F95GCB56@9B9GGC:H<9DFC656=@=HMC:89:5I@H5B8@CGG;=J9B89:5I@H5GGIADH=CBG
H9GH=B;H<985H5IG98=BH<9AC89@G

5B89J5@I5H=B;H<9F95GCB56@9B9GGC:A5B5;9A9BHWG>I8;A9BHF9;5F8=B;EI5@=H5H=J9:57HCFGF9@5H98HC97CBCA=7
IB79FH5=BHM
K<=7<5@GC=BJC@J98H<9IG9C:
DFC:9GG=CB5@GK=H<GD97=5@=N98G?=@@5B8?BCK@98;9HCD9F:CFAH<9G9DFC798IF9GHCH9GHA5B5;9A9BHWGDFC79GG

01490/09014?#09>4:9#7,9"-742,?4:9>,9/09014?:>?
H<9CAD5BM<5G89:=B98D9BG=CB69B9:=HC6@=;5H=CBGC:

A=@@=CB7CADF=G98C:
A=@@=CB5B8
A=@@=CB:CF=HG.,D@5BG5B8BCB.,D@5BG
F9GD97H=J9@M5G
C:979A69F

5B8DF9H5LB9HD9F=C8=769B9:=H7CGHX69B9:=H7CGHYC:A=@@=CB7CADF=G98C:A=@@=CBC:
69B9:=H=B7CA95B8A=@@=CBC:69B9:=H7CGH:CF=HG.,D@5BG5B8BCB.,D@5BG
F9GD97H=J9@M:CFH<9M95F9B898
979A69F
&5B5;9A9BHF9A95GIF9G89:=B9869B9:=HD9BG=CBD@5BC6@=;5H=CBG5H@95GH5BBI5@@M5GC:
979A69F65G98CBH<9DF9G9BHJ5@I9C:DFC>97H98:IHIF969B9:=HD5MA9BHG:CF5@@D5FH=7=D5BHG:CFG9FJ=79GF9B89F98HC
85H97HI5F=5@;5=BG5B8@CGG9GF9GI@H=B;:FCAD@5BF9A95GIF9A9BH5F9F97C;B=N98=BB9HD9F=C8=769B9:=H7CGH=BH<9
D9F=C8C:H<9F9A95GIF9A9BH-<9A95GIF9A9BHC:DFC>97H98:IHIF969B9:=HG=G89D9B89BHCBH<9DFCJ=G=CBGC:957<
GD97=:=7D@5B
89AC;F5D<=7GC:H<9;FCID7CJ9F986MH<9D@5B
5B8CH<9F?9MA95GIF9A9BH5GGIADH=CBG=B7@I8=B;H<9
8=G7CIBHF5H95B8H<95J9F5;9F5H9C:=B7F95G9=B7CAD9BG5H=CB-<95GGIADH=CBGIG98HC89H9FA=B9H<969B9:=H7CGH
=B7@I898=G7CIBHF5H9G9FJ=797CGH
9::97H=J9=BH9F9GHF5H9CB69B9:=HC6@=;5H=CB
9LD97H98@CB;H9FAF5H9C:F9HIFBCB5GG9HG

5B85J9F5;9F5H9C:=B7F95G9=B7CAD9BG5H=CB
-<9DF=B7=D5@7CBG=89F5H=CBG:CFCIF89H9FA=B5H=CBH<5HD9F:CFA=B;DFC798IF9GF9@5H=B;HC89:=B9869B9:=HD9BG=CBD@5B
C6@=;5H=CBG5B869B9:=H7CGH=G57F=H=75@5I8=HA5HH9F5F9H<9G=;B=:=75BH>I8;A9BH6MA5B5;9A9BHK<9B89J9@CD=B;
5GGIADH=CBGIG98=BH<99GH=A5H=CBC:H<989:=B9869B9:=HD9BG=CBC6@=;5H=CBG5B869B9:=H7CGH
K<=7<@98HC5<=;<89;F99
C:5I8=HCF>I8;A9BH
GI6>97H=J=HM
5B89::CFH=BD9F:CFA=B;DFC798IF9GHC9J5@I5H9H<9G=;B=:=75BH5GGIADH=CBG"B588=H=CB
HCH<989AC;F5D<=7GC:H<9;FCID7CJ9F986MH<9D@5B
G=;B=:=75BH5GGIADH=CBG5F9F9@5H98HCH<98=G7CIBHF5H95B8H<9
5J9F5;9F5H9C:=B7F95G9=B7CAD9BG5H=CBIG98=B89H9FA=B=B;H<969B9:=HC6@=;5H=CB5B8H<98=G7CIBHF5H9G9FJ=797CGH
H<9
9::97H=J9=BH9F9GHF5H9CB69B9:=HC6@=;5H=CB
5B8H<95J9F5;9F5H9C:=B7F95G9=B7CAD9BG5H=CBIG98=B89H9FA=B=B;H<9
69B9:=H7CGH"B588=H=CB
H<95I8=H9::CFH=BJC@J98H<9IG9C:DFC:9GG=CB5@GK=H<GD97=5@=N98G?=@@5B8?BCK@98;9
F9@5H=B;HCH<989H9FA=B5H=CBC:H<989:=B9869B9:=HD9BG=CBD@5BC6@=;5H=CBG5B869B9:=H7CGH-<9G9DFC798IF9G5@GC
=B7@I898
5ACB;CH<9FG
9J5@I5H=B;H<9CAD5BMWG<=GHCF=75@9LD9F=9B795B89LD97H5H=CBGC::IHIF99LD9F=9B79HC9J5@I5H9
H<9F95GCB56@9B9GGC:H<95J9F5;9F5H9C:=B7F95G9=B7CAD9BG5H=CB88=H=CB5@@M
DFC:9GG=CB5@GK=H<GD97=5@=N98G?=@@5B8
?BCK@98;9K9F9IG98HC5GG=GH=BH<99J5@I5H=CBC:H<95DDFCDF=5H9B9GGC:H<957HI5F=5@AC89@
5GK9@@5GH<9
F95GCB56@9B9GGC:G=;B=:=75BH5GGIADH=CBGF9@5H98HC89AC;F5D<=7GC:H<9;FCID7CJ9F986MH<9D@5B
H<98=G7CIBHF5H9
IG98=B89H9FA=B=B;H<969B9:=HC6@=;5H=CB5B8H<98=G7CIBHF5H9G9FJ=797CGH5B8H<99::97H=J9=BH9F9GHF5H9CB69B9:=H
C6@=;5H=CBIG98=B89H9FA=B=B;H<969B9:=H7CGH

*,==,9?D,9/407/&0=A4.0.?4:9>..=@,7(94?0/&?,?0>
H<9CAD5BMF97CF8985B577FI5@:CF9GH=A5H98:IHIF9
K5FF5BHM5B8:=9@8G9FJ=7957H=CB7CGHG
B9HC:9GH=A5H98GIDD@=9FF97CJ9F=9GXK5FF5BHM577FI5@Y
C:
A=@@=CB5GC:
979A69F

C:K<=7<H<9.B=H98,H5H9G7CADF=G9G5G=;B=:=75BHDCFH=CB&5B5;9A9BH577FI9GH<99GH=A5H987CGH
C:6CH<65G9K5FF5BHM7CJ9F5;9G5B8:=9@8G9FJ=7957H=CBG5HH<9H=A9C:G5@9&5B5;9A9BH9GH56@=G<9GH<9=F9GH=A5H9C:
65G9K5FF5BHMC6@=;5H=CBGIG=B;5D5HH9FB989GH=A5H=CBAC89@
IG=B;<=GHCF=75@=B:CFA5H=CBF9;5F8=B;H<9B5HIF9
:F9EI9B7M

5B85J9F5;97CGHC:7@5=AG:CF957<J9<=7@9@=B96MAC89@M95F&5B5;9A9BH9GH56@=G<9GH<9=F9GH=A5H9GC::=9@8G9FJ=79
57H=CBC6@=;5H=CBGIG=B;5D5HH9FB989GH=A5H=CBAC89@
IG=B;<=GHCF=75@=B:CFA5H=CBF9;5F8=B;H<9B5HIF9
:F9EI9B7M

G9J9F=HM
5B85J9F5;97CGHC:7@5=AG:CF957<AC89@M95F
-<9DF=B7=D5@7CBG=89F5H=CBG:CFCIF89H9FA=B5H=CBH<5HD9F:CFA=B;DFC798IF9GF9@5H=B;HCH<9K5FF5BHM577FI5@:CFH<9
.B=H98,H5H9G=G57F=H=75@5I8=HA5HH9F5F9H<9G=;B=:=75BH>I8;A9BH6MA5B5;9A9BH=BH<99GH=A5H=CBC:H<9577FI5@5B8
89J9@CDA9BHC:H<9D5HH9FB989GH=A5H=CBAC89@
K<=7<@98HC5<=;<89;F99C:5I8=HCF>I8;A9BH
GI6>97H=J=HM
5B89::CFH=B
D9F:CFA=B;DFC798IF9GHC9J5@I5H9H<99GH=A5H=CBAC89@5B8G=;B=:=75BH5GGIADH=CBG
F9@5H98HCH<9:F9EI9B7M5B8
5J9F5;97CGHC:7@5=AG"B588=H=CB
H<95I8=H9::CFH=BJC@J98H<9IG9C:DFC:9GG=CB5@GK=H<GD97=5@=N98G?=@@5B8?BCK@98;9
F9@5H98HCH<99GH=A5H9C:H<9K5FF5BHM577FI5@:CFH<9.B=H98,H5H9G-<9G9DFC798IF9G5@GC=B7@I898
5ACB;CH<9FG

9J5@I5H=B;H<9F95GCB56@9B9GGC:G=;B=:=75BH5GGIADH=CBGIG986MA5B5;9A9BHHC89J9@CDH<9K5FF5BHM577FI5@:CFH<9
.B=H98,H5H9G
F9@5H98HCH<9:F9EI9B7M5B85J9F5;97CGHC:7@5=AG
=BD5FH6M7CBG=89F=B;H<9<=GHCF=75@9LD9F=9B79C:H<9
CAD5BM88=H=CB5@@M
DFC:9GG=CB5@GK=H<GD97=5@=N98G?=@@5B8?BCK@98;9K9F9IG98HC5GG=GH=BH<99J5@I5H=CBC:H<9
5DDFCDF=5H9B9GGC:H<9AC89@5GK9@@5GH<9F95GCB56@9B9GGC:G=;B=:=75BH5GGIADH=CBGF9@5H98HCH<9:F9EI9B7M5B8
5J9F5;97CGHC:7@5=AG
G )F=79K5H9F<CIG9CCD9FG%%)
9HFC=H
&=7<=;5B
96FI5FM

09<5J9G9FJ985GH<9CAD5BMWG5I8=HCFG=B79

"% "'"%" #!,!&(&%&
"!&"'&'' !'&"&"*&
5:95885;:?
;>@41E1->?1:0101/19.1>

-?428;C?2>;9;<1>-@5:3-/@5B5@51?
'9H=B7CA9 @CGG

9DF97=5H=CB5B8HCC@=B;5ACFH=N5H=CB'CH95B8'CH9

(H<9F5ACFH=N5H=CB

!9@8:CFG5@9=AD5=FA9BH7<5F;9G'CH9 V
F5N=@A5BI:57HIF=B;9L=HBCB75G<7<5F;9G9L7@I8=B;5779@9F5H9889DF97=5H=CBC:
'CH9 V V

)FCJ=G=CB:CF7F98=H5B8=BGIF5B79@CGG9G
)9BG=CB5B8CH<9FDCGHF9H=F9A9BH9AD@CM9969B9:=HGX()Y9LD9BG9 =B7CA9'CH9

EI=HM=BJ9GHA9BH8=J=89B8GF979=J98=B9L79GGC:95FB=B;G @CGG9G

CF9=;B7IFF9B7M58>IGHA9BHG
'9H;5=B @CGGCB7<5B;9G=B=BJ9GHA9BHG=B5::=@=5H9G'CH9
,HC7?7CAD9BG5H=CB'CH9

)FCJ=G=CB:CF89:9FF98=B7CA9H5L9G

97F95G9 "B7F95G9=B:=B5B79F979=J56@9GK<C@9G5@95B8CH<9F

97F95G9 "B7F95G9=B577CIBHGF979=J56@95B8CH<9F5GG9HG

97F95G9 "B7F95G9=B=BJ9BHCFM

"B7F95G9 97F95G9=B577CIBHGD5M56@95B8577FI985B8CH<9F@=56=@=H=9G

(H<9F
'9H75G<DFCJ=8986M IG98=BCD9F5H=B;57H=J=H=9G

-?428;C?2>;95:B1?@5:3-/@5B5@51?
5D=H5@GD9B8=B;

7EI=G=H=CBGC::=B5B79F979=J56@9G5B8CD9F5H=B;@95G9G

C@@97H=CBGC::=B5B79F979=J56@9G5B8CD9F5H=B;@95G9G

)FC7998G:FCAG5@9C:6IG=B9GG'CH9 V V

)IF7<5G9GC:A5F?9H56@9G97IF=H=9G5B8CH<9F=BJ9GHA9BHG

,5@9G5B8A5HIF=H=9GC:A5F?9H56@9G97IF=H=9G5B8CH<9F=BJ9GHA9BHG

,9HH@9A9BHGC:89F=J5H=J9G
(H<9F
'9H75G<DFCJ=8986M IG98=B=BJ9GH=B;57H=J=H=9G

-?428;C?2>;925:-:/5:3-/@5B5@51?
5G<D5MA9BHG:CF8=J=89B8G5B88=J=89B89EI=J5@9BHG

)IF7<5G9GC:7CAACBGHC7? H
'9H7<5B;9G=BG<CFHH9FA896H

)FC7998G:FCA=GGI5B79C:@CB;H9FA896H

)F=B7=D5@D5MA9BHGCB@CB;H9FA896H

(H<9F

'9H75G<DFCJ=8986M IG98=B:=B5B7=B;57H=J=H=9G

::97HC:9L7<5B;9F5H97<5B;9GCB75G<
75G<9EI=J5@9BHG
5B8F9GHF=7H9875G<
!1@5:/>1-?101/>1-?15:/-?4/-?41=A5B-81:@?-:0>1?@>5/@10/-?4

-?4/-?41=A5B-81:@?-:0>1?@>5/@10/-?4-@.135::5:3;2<1>5;0!;@1

'9H=B7F95G9 897F95G9=B75G<
75G<9EI=J5@9BHG
5B8F9GHF=7H9875G<

-?4/-?41=A5B-81:@?-:0>1?@>5/@10/-?4-@1:0;2<1>5;0!;@1

-<9577CAD5BM=B;BCH9G5F9D5FHC:H<97CBGC@=85H98:=B5B7=5@GH5H9A9BHG

"% "'"%" #!,!&(&%&
"!&"'!" &'' !'&
5:95885;:?1D/1<@<1>?4->1-9;A:@?
;>@41E1->?1:0101/19.1>

%1B1:A1?
IHCACH=J9

CF8F98=H

&C6=@=HM
-CH5@F9J9BI9G'CH9

;?@?-:01D<1:?1?
CGHC:G5@9G

,9@@=B;
58A=B=GHF5H=J9
5B8CH<9F9LD9BG9G

CF8F98=H=BH9F9GH
CD9F5H=B;
5B8CH<9F9LD9BG9G

-CH5@7CGHG5B89LD9BG9G

(D9F5H=B;=B7CA9 @CGG

"BH9F9GH9LD9BG9CBIHCACH=J9896H

"BH9F9GH9LD9BG9CB(H<9F896H
(H<9F=B7CA9 @CGG
B9H'CH95B8'CH9

EI=HM=BB9H=B7CA9 @CGGC:5::=@=5H987CAD5B=9G
:/;91;??.12;>15:/;91@-D1?

)FCJ=G=CB:CF 9B9:=H:FCA=B7CA9H5L9G'CH9

!1@5:/;918;??

%9GG"B7CA9 %CGG5HHF=6IH56@9HCBCB7CBHFC@@=B;=BH9F9GHG
!1@5:/;918;??-@@>5.A@-.81@;;>0 ;@;>;9<-:E

%!!&"&&#%&%''%(''""% "'"%" #!," "!!&&&'"!;@1

5G=7=B7CA9 @CGG
=@IH98=B7CA9 @CGG
*1534@10-B1>-31?4->1?A?105:/;9<A@-@5;:;21->:5:3?8;??<1>?4->1
5G=7G<5F9G

=@IH98G<5F9G

"!&"'&'' !'&"" #%!&)!"

5:95885;:?
;>@41E1->?1:0101/19.1>

!1@5:/;918;??

B9HC:H5L'CH9
CF9=;B7IFF9B7MHF5BG@5H=CB

&5F?9H56@9G97IF=H=9G
9F=J5H=J9=BGHFIA9BHG
)9BG=CB5B8CH<9FDCGHF9H=F9A9BH69B9:=HG
';@-8;@41>/;9<>141:?5B15:/;918;??:1@;2@-D
;9<>141:?5B15:/;918;??

%9GGCADF9<9BG=J9=B7CA9 @CGG5HHF=6IH56@9HCBCB7CBHFC@@=B;=BH9F9GHG
;9<>141:?5B15:/;918;??-@@>5.A@-.81@;;>0 ;@;>;9<-:E


"% "'"%" #!,!&(&%&
"!&"'!&'&
5:95885;:?
979A69F
1/19.1>

&&'&
5G<5B875G<9EI=J5@9BHG'CH9

&5F?9H56@9G97IF=H=9G'CH9

CF8F98=H:=B5B79F979=J56@9G
B9HC:5@@CK5B79:CF7F98=H@CGG9GC:5B8'CH9

-F5895B8CH<9FF979=J56@9G
@9GG5@@CK5B79GC:5B8

"BJ9BHCF=9G'CH9

GG9HG<9@8:CFG5@9'CH9
'CH9
5B8'CH9

(H<9F5GG9HG

';@-8/A>>1:@-??1@?

CF8F98=H:=B5B79F979=J56@9G
B9HC:5@@CK5B79:CF7F98=H@CGG9GC:5B8'CH9

'9H=BJ9GHA9BH=BCD9F5H=B;@95G9G'CH9

'9HDFCD9FHM'CH9

EI=HM=BB9H5GG9HGC:5::=@=5H987CAD5B=9G'CH9

9:9FF98=B7CA9H5L9G'CH9

(H<9F5GG9HG

';@-8-??1@?

'&
)5M56@9G

(H<9F@=56=@=H=9G5B889:9FF98F9J9BI9'CH95B8'CH9

IHCACH=J9896HD5M56@9K=H<=BCB9M95F'CH9

CF8F98=H896HD5M56@9K=H<=BCB9M95F'CH9

(H<9F896HD5M56@9K=H<=BCB9M95F'CH9

%=56=@=H=9G<9@8:CFG5@9'CH9 H
';@-8/A>>1:@85-.585@51?

(H<9F@=56=@=H=9G5B889:9FF98F9J9BI9'CH95B8'CH9

IHCACH=J9@CB;H9FA896H'CH9

CF8F98=H@CB;H9FA896H'CH9

(H<9F@CB;H9FA896H'CH9

9:9FF98=B7CA9H5L9G'CH9
';@-885-.585@51?

$(',
CAACB,HC7?
D5FJ5@I9D9FG<5F9
A=@@=CBG<5F9G=GGI98C:6=@@=CB5IH<CF=N98
@5GG,HC7?
D5FJ5@I9D9FG<5F9A=@@=CBG<5F9G=GGI98C:A=@@=CB5IH<CF=N98

5D=H5@=B9L79GGC:D5FJ5@I9C:GHC7?

+9H5=B9895FB=B;G

77IAI@5H98CH<9F7CADF9<9BG=J9=B7CA9 @CGG'CH9

-F95GIFMGHC7?

-CH5@9EI=HM5HHF=6IH56@9HCCF8&CHCFCAD5BM

EI=HM5HHF=6IH56@9HCBCB7CBHFC@@=B;=BH9F9GHG

';@-81=A5@E

';@-885-.585@51?-:01=A5@E

-<9:C@@CK=B;H56@9=B7@I89G5GG9HGHC69IG98HCG9HH@9@=56=@=H=9GC:H<97CBGC@=85H98J5F=56@9=BH9F9GH9BH=H=9GX/"GY-<9G95GG9HG5B8@=56=@=H=9G5F9
=B7@I898=BH<97CBGC@=85H9865@5B79G<99HG56CJ9,99'CH9:CF588=H=CB5@=B:CFA5H=CBCBCIF/"G
979A69F
1/19.1>

&&'&

CF8F98=H:=B5B79F979=J56@9G
B9H


(H<9F5GG9HG H
'&
(H<9F@=56=@=H=9G5B889:9FF98F9J9BI9
96H


"% "'"%" #!,!&(&%&
"!&"'&'' !'&"$(',
5:95885;:?
=A5@E@@>5.A@-.81@;;>0 ;@;>;9<-:E
-<5:
D/1??
;2 //A9A8-@10 =A5@E
#-> %1@-5:10 "@41> @@>5.A@-.81
)-8A1 ->:5:3? ;9<>141:?5B1 @;!;:
-<5@-8 ;2 //A9A8-@10 :/;91;?? '>1-?A>E /;:@>;885:3 ';@-8
&@;/7 &@;/7 125/5@ !;@1 &@;/7 ';@-8 :@1>1?@? =A5@E
-8-:/1-@1/19.1>

8CDH=CBC:577CIBH=B;GH5B85F8G V V V V V V V V
'9H=B7CA9 V V
V V

B9H
C:H5L V V V V V
CAACBGHC7?=GGI985 V V V V V
-F95GIFMGHC7? CH<9F V V V V V
=J=89B85B88=J=89B89EI=J5@9BHG
897@5F986 V V
V V

-8-:/1-@1/19.1>

-8-:/1-@1/19.1>

8CDH=CBC:577CIBH=B;GH5B85F8G V V V V V
'9H=B7CA9 V V V V
B9H
C:H5L V V V V V
CAACBGHC7?=GGI985 V V V V V
-F95GIFMGHC7? CH<9F V V V V
=J=89B85B88=J=89B89EI=J5@9BHG
897@5F986 V V
V V
V

-8-:/1-@1/19.1>

-8-:/1-@1/19.1>

8CDH=CBC:577CIBH=B;GH5B85F8G H H H H H
'9H=B7CA9 @CGG H H
H H

B9H
C:H5L H H H H

CAACBGHC7?=GGI985 H
H H H
H

-F95GIFMGHC7? CH<9F H H H H

=J=89B85B88=J=89B89EI=J5@9BHG
897@5F986 H H H H

-8-:/1-@1/19.1>

4444444444
5 "B7@I89G=AD57HGC:G<5F965G987CAD9BG5H=CB
6 09897@5F988=J=89B8GD9FG<5F9C:CAACB5B8@5GG,HC7?C:

5B8D9FG<5F9=B

5B8
F9GD97H=J9@M

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
'-.81;2;:@1:@?
;;@:;@1 #-31
'CH9 )F9G9BH5H=CB
'CH9 ,IAA5FMC:,=;B=:=75BH77CIBH=B;)C@=7=9G
'CH9 '9K77CIBH=B;,H5B85F8G
'CH9 +9J9BI9
'CH9 (H<9F"B7CA9 %CGG
'CH9 ,<5F95G98CAD9BG5H=CB
'CH9 "B7CA9-5L9G
'CH9 5D=H5@,HC7?5B85FB=B;G %CGG)9F,<5F9
'CH9 5G<
5G<EI=J5@9BHG
5B8&5F?9H56@9,97IF=H=9G
'CH9 CF8F98=H=B5B79+979=J56@9G5B8@@CK5B79:CFF98=H%CGG9G
'CH9 "BJ9BHCF=9G
'CH9 '9H"BJ9GHA9BH=B(D9F5H=B;%95G9G
'CH9 '9H)FCD9FHM
'CH9 EI=HM=B'9HGG9HGC:::=@=5H98CAD5B=9G
'CH9 (H<9F"BJ9GHA9BHG
'CH9 (H<9F%=56=@=H=9G5B89:9FF98+9J9BI9
'CH9 +9H=F9A9BH9B9:=HG
'CH9 %95G9CAA=HA9BHG
'CH9 96H5B8CAA=HA9BHG
'CH9 9F=J5H=J9=B5B7=5@"BGHFIA9BHG5B8!98;=B;7H=J=H=9G
'CH9 AD@CM99,9D5F5H=CB7H=CBG5B8L=H5B8=GDCG5@7H=J=H=9G
'CH9 !9@8:CF,5@9(D9F5H=CBG5B8<5B;9G=B"BJ9GHA9BHG=B::=@=5H9G
'CH9 77IAI@5H98(H<9FCADF9<9BG=J9"B7CA9 %CGG
'CH9 /5F=56@9"BH9F9GHBH=H=9G
'CH9 CAA=HA9BHG5B8CBH=B;9B7=9G
'CH9 ,9;A9BH"B:CFA5H=CB
'CH9 ,9@97H98*I5FH9F@M=B5B7=5@5H5IB5I8=H98

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'
#%&!''"!
CFDIFDCG9GC:H<=GF9DCFH
XCF8
YH<9XCAD5BM
YXK9
YXCIF
YXIG
YCFG=A=@5FF9:9F9B79GA95BCF8&CHCFCAD5BM

CIF7CBGC@=85H98GI6G=8=5F=9G
5B8CIF7CBGC@=85H98/"GC:K<=7<K95F9H<9DF=A5FM69B9:=7=5FM
IB@9GGH<97CBH9LH
F9EI=F9GCH<9FK=G9095@GCA5?9F9:9F9B79HCCF8&CHCFF98=HCAD5BM%%
<9F9=BF9:9F9B798HC5GCF8F98=H
(IF7CBGC@=85H98:=B5B7=5@GH5H9A9BHG5F9DF9G9BH98=B577CF85B79K=H<.,;9B9F5@@M5779DH98577CIBH=B;DF=B7=D@9G
X )Y09F97@5GG=:=9879FH5=BDF=CFM95F5ACIBHG=BCIF7CBGC@=85H98:=B5B7=5@GH5H9A9BHGHC7CB:CFAHCH<97IFF9BH
M95FDF9G9BH5H=CB
1>@-5:'>-:?-/@5;:?1@C11:A@;9;@5B1 ;.585@E-:0;>0>105@
"BH9FG9;A9BHHF5BG57H=CBGC77IF=BH<9CF8=B5FM7CIFG9C:6IG=B9GG88=H=CB5@89H5=@F9;5F8=B;79FH5=BHF5BG57H=CBG
5B8H<99::97HCB957<G9;A9BH5H979A69FK5G5G:C@@CKG=B6=@@=CBG

A@;9;@5B1 ;.585@E ;>0>105@ A@;9;@5B1 ;.585@E ;>0>105@

-F5895B8CH<9FF979=J56@9G5
.B95FB98=BH9F9GHGIDD@9A9BHG5B8F9G=8I5@GIDDCFH6
=B5B79F979=J56@9G5B8CH<9F7
"BH9FG9;A9BHF979=J56@9G D5M56@9G V
4444444444
5 IHCACH=J9F979=J56@9G;9B9F5H98DF=A5F=@M:FCAJ9<=7@95B8D5FHGG5@9GHCH<=F8D5FH=9GGC@8HCCF8F98=H
6 IHCACH=J9D5MG5ACIBHGHCCF8F98=H5HH<9DC=BHC:F9H5=@:=B5B7=B;CF@95G9CF=;=B5H=CB
K<=7<F9DF9G9BH=BH9F9GHGIDD@9A9BHG5B8F9G=8I5@
GIDDCFH
7 )F=A5F=@MF979=J56@9GK=H<9BH=H=9GH<5H5F97CBGC@=85H98GI6G=8=5F=9GC:CF8
8;.-8#-:0195/
(B&5F7<

H<90CF@8!95@H<(F;5B=N5H=CB7<5F57H9F=N98H<9CIH6F95?C:(/"5G5;@C65@D5B89A=75B8
F97CAA9B8987CBH5=BA9BH5B8A=H=;5H=CBA95GIF9GG5F9GI@H
9LHF5CF8=B5FM57H=CBGK9F9H5?9B6M=BH9FB5H=CB5@

:989F5@
GH5H9
5B8@C75@DI6@=7<95@H<5B8;CJ9FBA9BH5@5IH<CF=H=9GHC7CBH5=B5B87CA65HH<9CIH6F95?5B8GDF958C:
(/"=BF9;=CBGH<FCI;<CIHH<9KCF@8-<9G957H=CBG=B7@I898HF5J9@65BG
EI5F5BH=B9G
XGH5M5H<CA9YCF89FG
5B8
G=A=@5FA5B85H9G:CFA5BM=B8=J=8I5@GHCGI6GH5BH=5@@MF9GHF=7H85=@M57H=J=H=9G5B8:CFA5BM6IG=B9GG9GHC7IFH5=@CF795G9
BCFA5@CD9F5H=CBG
6M@5H9&5F7<
K9<58=8@985@@C:CIFG=;B=:=75BH
A5BI:57HIF=B;CD9F5H=CBG=BF9;=CBG5FCIB8H<9KCF@8M&5M
K9F9GH5FH98A5BI:57HIF=B;CD9F5H=CBG=B5D<5G98
A5BB9F5H@C75H=CBG5FCIB8H<9KCF@8
(IFF9GI@HG=B7@I8958>IGHA9BHGHCCIF5GG9HG5B8@=56=@=H=9GF97CF8988IF=B;8I9HCH<9=AD57HC:(/"
H<9
ACGHG=;B=:=75BHC:K<=7<K9F9J5@I5H=CB5@@CK5B79GCB79FH5=B89:9FF98H5L5GG9HGG99'CH95B857<5F;9HCH<9
DFCJ=G=CB:CF7F98=H@CGG9GCBCF8F98=HWG:=B5B79F979=J56@9GG99'CH9-<9A5>CF=HMC:H<9G958>IGHA9BHGK9F9
F97CF898=BH<9:=FGHEI5FH9FC:

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'&( %,"&!!'"(!'!#"&
CF957<577CIBH=B;HCD=7H<5H=G588F9GG98=B=HGCKBBCH9
H<989G7F=DH=CBC:H<9577CIBH=B;DC@=7MA5M69:CIB8=B
H<9F9@5H98BCH9(H<9FG=;B=:=75BH577CIBH=B;DC@=7=9G5F989G7F=69869@CK
(?1;2?@59-@1?
-<9DF9D5F5H=CBC::=B5B7=5@GH5H9A9BHGF9EI=F9GIGHCA5?99GH=A5H9G5B85GGIADH=CBGH<5H5::97HCIFF9GI@HG
GH=A5H9G5F9IG98HC577CIBH:CF79FH5=B=H9AGGI7<5GA5F?9H=B;577FI5@G
K5FF5BHM7CGHG
9AD@CM9969B9:=HDFC;F5AG

5B8CH<9F=H9AGF9EI=F=B;>I8;A9BHGH=A5H9G5F965G98CB5GGIADH=CBGH<5HK969@=9J95F9
F95GCB56@9IB89FH<97=F7IAGH5B79GI9HCH<9=B<9F9BHIB79FH5=BHM=BJC@J98K=H<9GH=A5H9G
57HI5@F9GI@HGA5M8=::9F
;>153:A>>1:/E
09F9A95GIF9ACB9H5FM5GG9HG5B8@=56=@=H=9G89BCA=B5H98=B57IFF9B7MH<5H=G8=::9F9BHH<5B5F9DCFH=B;9BH=HMWG
:IB7H=CB5@7IFF9B7M:FCAH<9HF5BG57H=CB5@7IFF9B7MHCH<9@9;5@9BH=HMWG:IB7H=CB5@7IFF9B7M-<99::97HC:H<=G
F9A95GIF9A9BHDFC79GG5B8H<9F9GI@HGC:CIF:CF9=;B7IFF9B7M<98;=B;57H=J=H=9G5F9F9DCFH98=B:>?:1>,70>5B8"?30=
49.:807:>>90?5B8K9F9A=@@=CB
A=@@=CB
5B8A=@@=CB
:CFH<9M95FG9B898

5B8

F9GD97H=J9@M
9B9F5@@M
CIF:CF9=;BGI6G=8=5F=9GIG9H<9@C75@7IFF9B7M5GH<9=F:IB7H=CB5@7IFF9B7M09HF5BG@5H9H<95GG9HG5B8
@=56=@=H=9GC:CIF:CF9=;BGI6G=8=5F=9G:FCAH<9=FF9GD97H=J9:IB7H=CB5@7IFF9B7=9GHC.,8C@@5FGIG=B;9B8C:D9F=C8
9L7<5B;9F5H9G<5B;9G=BH<975FFM=B;J5@I9C:H<9G95GG9HG5B8@=56=@=H=9G5HHF=6IH56@9HC:@I7HI5H=CBG=B9L7<5B;9F5H9G
5F9F97C;B=N98=B:=0429.@==09.D?=,9>7,?4:9
57CADCB9BHC:"?30=.:8;=0309>4A049.:80:>>90?:1?,C.DCBG5@9
CFIDCB7CAD@9H9CFGI6GH5BH=5@@M7CAD@9H9@=EI=85H=CBC:5B=BJ9GHA9BH=B5:CF9=;BGI6G=8=5FM
H<95ACIBHC:577IAI@5H98
:CF9=;B7IFF9B7MHF5BG@5H=CBF9@5H98HCH<99BH=HM=GF97@5GG=:=98HC=B7CA95B8F97C;B=N985GD5FHC:H<9;5=BCF@CGGCBH<9
=BJ9GHA9BH
-?4=A5B-81:@?
,>3,9/.,>30<@4A,709?>5F9<=;<@M@=EI=8=BJ9GHA9BHGH<5H5F9F958=@M7CBJ9FH=6@9HC?BCKB5ACIBHGC:75G<5B8
5F9GI6>97HHC5B=BG=;B=:=75BHF=G?C:7<5B;9=BJ5@I98I9HC=BH9F9GHF5H9
EICH98DF=79
CFD9B5@HMCBK=H<8F5K5@896H
G97IF=HM=G7@5GG=:=985G575G<9EI=J5@9BH=:=HA99HGH<9G97F=H9F=55B8=:=H<5G5F9A5=B=B;H=A9HCA5HIF=HMC:H<F99ACBH<G
CF@9GG:FCAH<985H9C:DIF7<5G9ACIBHGCB89DCG=H5B85J5=@56@9IDCB89A5B8
CFB9;CH=5H98HCDFCJ=89:CF85=@M
@=EI=8=HMK=H<CIHD9B5@HM
5F97@5GG=:=985G,>3,9/.,>30<@4A,709?>-=A989DCG=HG
79FH=:=75H9GC:89DCG=H
5B8ACB9M
A5F?9H577CIBHGH<5HA99HH<956CJ97F=H9F=55F9F9DCFH985HD5FJ5@I9CBCIF7CBGC@=85H9865@5B79G<99HG
%1?@>5/@10-?4
5G<5B875G<9EI=J5@9BHGH<5H5F9F9GHF=7H985GHCK=H<8F5K5@CFIG9IB89FH<9H9FAGC:79FH5=B7CBHF57HI5@
5;F99A9BHG5F9F97CF898=B"?30=,>>0?>=BH<9BCB7IFF9BH5GG9HGG97H=CBC:CIF7CBGC@=85H9865@5B79G<99HG(IF
IHCACH=J9G9;A9BHF9GHF=7H9875G<65@5B79GDF=A5F=@M=B7@I89J5F=CIG9G7FCK5;F99A9BHGF9@5H98HC@9;5@
=BGIF5B79

7IGHCAG
5B89BJ=FCBA9BH5@A5HH9FG&C6=@=HMG9;A9BHF9GHF=7H9875G<65@5B79GDF=A5F=@M=B7@I8975G<<9@8IB89FH<9
H9FAGC:79FH5=B7CBHF57HI5@5;F99A9BHG(IFCF8F98=HG9;A9BHF9GHF=7H9875G<65@5B79GDF=A5F=@M=B7@I8975G<<9@8HC
A99H79FH5=B@C75@;CJ9FBA9BH5@5B8F9;I@5HCFMF9G9FJ9F9EI=F9A9BHG5B875G<<9@8IB89FH<9H9FAGC:79FH5=B7CBHF57HI5@
5;F99A9BHG+9GHF=7H9875G<8C9GBCH=B7@I89F9EI=F98A=B=AIA65@5B79GCF75G<G97IF=B;896H=GGI98H<FCI;<
G97IF=H=N5H=CBHF5BG57H=CBG

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'&( %,"&!!'"(!'!#"&-,2',3#"
->71@-.81&1/A>5@51?
"BJ9GHA9BHG=BG97IF=H=9GK=H<5A5HIF=HM85H9;F95H9FH<5BH<F99ACBH<G5HH<985H9C:DIF7<5G95B8CH<9FG97IF=H=9G
:CFK<=7<H<9F9=GACF9H<5B5B=BG=;B=:=75BHF=G?C:7<5B;9=BJ5@I98I9HC=BH9F9GHF5H9
EICH98DF=79
CFD9B5@HMCB
K=H<8F5K5@5F97@5GG=:=985G ,=60?,-70>0.@=4?40>
+95@=N98;5=BG5B8@CGG9G5B8=BH9F9GH=B7CA9CB5@@C:CIFA5F?9H56@9G97IF=H=9G5B8IBF95@=N98;5=BG5B8@CGG9GCB
G97IF=H=9GBCH7@5GG=:=985G5J5=@56@9:CFG5@95F9F97CF898=B"?30=49.:807:>>90?.BF95@=N98;5=BG5B8@CGG9GCB
5J5=@56@9:CFG5@9G97IF=H=9G5F9F97C;B=N98=B(9=0,74E0/2,49>,9/7:>>0>:9>0.@=4?40>
57CADCB9BHC:"?30=
.:8;=0309>4A049.:807:>>90?:1?,C+95@=N98;5=BG5B8@CGG9G5B8F97@5GG=:=75H=CBGC:577IAI@5H98CH<9F
7CADF9<9BG=J9=B7CA9=BHCB9H=B7CA95F9A95GIF98IG=B;H<9GD97=:=7=89BH=:=75H=CBA9H<C8
(B5EI5FH9F@M65G=G
K9F9J=9KCIF5J5=@56@9:CFG5@9G97IF=H=9G:CF7F98=H@CGG9G097CAD5F9H<9DF9G9BHJ5@I9C:
75G<:@CKG9LD97H98HC697C@@97H98:FCAH<9G97IF=HMK=H<H<95ACFH=N987CGH65G=GC:H<9G97IF=HM":H<9DF9G9BHJ5@I9C:
75G<:@CKG9LD97H98HC697C@@97H98=G@9GGH<5BH<95ACFH=N987CGH65G=GC:H<9G97IF=HM
K989H9FA=B9=:57F98=H@CGG
5@@CK5B79=GB979GG5FM":57F98=H@CGG5@@CK5B79=GB979GG5FM
K9K=@@F97CF85B5@@CK5B79
@=A=H986MH<95ACIBHH<5H
:5=FJ5@I9=G@9GGH<5BH<95ACFH=N987CGH65G=G
5B8F97C;B=N9H<97CFF9GDCB8=B;7<5F;9=B"?30=49.:807:>>90?
57HCFGK97CBG=89F=B7@I89H<9G9J9F=HMC:H<9=AD5=FA9BH
H<9F95GCB:CFH<9897@=B9=BJ5@I9
=BH9F9GHF5H97<5B;9G
5B8
7CIBH9FD5FHM@CB;H9FAF5H=B;G
'>-01%1/15B-.81?
'=,/0,9/:?30==0.04A,-70>7CBG=GHGDF=A5F=@MC:IHCACH=J9G9;A9BHF979=J56@9G:FCA7CBHF57HGK=H<7IGHCA9FG:CF
H<9G5@9C:J9<=7@9G
D5FHG
5B85779GGCF=9G-F589F979=J56@9G=B=H=5@@M5F9F97CF8985HH<9HF5BG57H=CB5ACIBH5B85F9
HMD=75@@MCIHGH5B8=B;:CF@9GGH<5B85MG57<F9DCFH=B;D9F=C8
K99J5@I5H9H<97C@@97H=6=@=HMC:H<9F979=J56@9G5B8
F97CF85B5@@CK5B79:CF8CI6H:I@577CIBHGF9DF9G9BH=B;CIF9GH=A5H9C:H<99LD97H98@CGG9GH<5HF9GI@H:FCA5@@DCGG=6@9
89:5I@H9J9BHGCJ9FH<99LD97H98@=:9C:5F979=J56@988=H=CBGHCH<95@@CK5B79:CF8CI6H:I@577CIBHG5F9A5896M
F97CF8=B;7<5F;9GHC658896H9LD9BG9F9DCFH98=B&077492,/8494>?=,?4A0,9/:?30=0C;09>0>
H979A69F

H<9F9K9F9A=@@=CBC:79FH5=BHF589F979=J56@9GGD97=:=75@@M=89BH=:=985G<9@8:CFG5@9
-<9G9<9@8:CFG5@9J5@I9G5F9F9DCFH98=B>>0?>307/1:=>,70CBCIF7CBGC@=85H9865@5B79G<99HG
!1@:@-:35.81??1@?-:0;;0C588
"B89:=B=H9@=J98=BH5B;=6@95GG9HG5B8;CC8K=@@5F9BCH5ACFH=N986IH5F9H9GH98:CF=AD5=FA9BH5BBI5@@MCFACF9
:F9EI9BH@M=:9J9BHGCF7=F7IAGH5B79G=B8=75H9H<95GG9HGA5M69=AD5=F98 CC8K=@@=AD5=FA9BHH9GH=B;=G5@GCD9F:CFA98
:C@@CK=B;5B5@@C75H=CBC:;CC8K=@@HC56IG=B9GGHC698=GDCG98CF57<5B;9=BF9DCFH=B;IB=HG09H9GH:CF=AD5=FA9BH6M
5GG9GG=B;EI5@=H5H=J9:57HCFGHC89H9FA=B9K<9H<9F=H=GACF9@=?9@MH<5BBCHH<5HH<9:5=FJ5@I9C:H<9=B89:=B=H9@=J98
=BH5B;=6@95GG9HCFH<9F9DCFH=B;IB=H5@@C75H98H<9;CC8K=@@=G@9GGH<5B=HG75FFM=B;5ACIBH":H<9EI5@=H5H=J95GG9GGA9BH
=B8=75H9G5DCGG=6@9=AD5=FA9BH
H<975FFM=B;J5@I9C:H<95GG9HCFF9DCFH=B;IB=H=G7CAD5F98K=H<=HG:5=FJ5@I95=FJ5@I9
=GA95GIF98F9@M=B;DF=A5F=@MCBH<9=B7CA95DDFC57<6M5DD@M=B;58=G7CIBH9875G<:@CKA9H<C8
H<9A5F?9H5DDFC57<
IG=B;A5F?9HJ5@I9GCFAI@H=D@9G
5B8 CFH<=F8D5FHMJ5@I5H=CBG0975D=H5@=N95B85ACFH=N9CIF:=B=H9@=J98=BH5B;=6@9
5GG9HGCJ9FH<9=F9GH=A5H98IG9:I@@=J9G
"BH5B;=6@95GG9HG5F97CADF=G98DF=A5F=@MC:@=79BG=B;5B858J9FH=G=B;5;F99A9BHG
@5B8F=;<HG
D5H9BHG
7IGHCA9F
7CBHF57HG
5B8H97<BC@C;M-<975FFM=B;5ACIBHC:=BH5B;=6@95GG9HG5B8;CC8K=@@=GF9DCFH98=B"?30=,>>0?>=BH<9BCB
7IFF9BH5GG9HGG97H=CBC:CIF7CBGC@=85H9865@5B79G<99HG-<9B9H75FFM=B;5ACIBHC:CIF=BH5B;=6@95GG9HGK5G
A=@@=CB5B8A=@@=CB5H979A69F
5B8
F9GD97H=J9@M-<9B9H75FFM=B;5ACIBHC:;CC8K=@@K5G
A=@@=CB5B8A=@@=CB5H979A69F
5B8
F9GD97H=J9@M
CFH<9D9F=C8GDF9G9BH98
K9<5J9BCHF97CF8985BMA5H9F=5@=AD5=FA9BHG:CF=B89:=B=H9@=J98=BH5B;=6@9GCF;CC8K=@@

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'&( %,"&!!'"(!'!#"&-,2',3#"
180-:0(?10;:35B10??1@9<-5>91:@
09H9GH@CB;@=J985GG9H;FCIDG:CFF97CJ9F56=@=HMK<9B7<5B;9G=B7=F7IAGH5B79G=B8=75H9H<975FFM=B;J5@I9A5MBCH
69F97CJ9F56@9J9BHGH<5HHF=;;9F5H9GH:CFF97CJ9F56=@=HM=B7@I89A5H9F=5@58J9FG97<5B;9G=BDFC>97H98F9J9BI9G5B8
9LD9BG9G
DF9G9BH75G<:@CK@CGG9G7CA6=B98K=H<5<=GHCFMC:75G<:@CK@CGG9G5B85:CF975GHH<5H89ACBGHF5H9G
G=;B=:=75BH7CBH=BI=B;@CGG9G
G=;B=:=75BHB9;5H=J9=B8IGHFMCF97CBCA=7HF9B8G
57IFF9BH9LD97H5H=CBH<5H5@CB;@=J985GG9H
;FCIDK=@@698=GDCG98C:G=;B=:=75BH@M69:CF9H<99B8C:=HGIG9:I@@=:9
5G=;B=:=75BH58J9FG97<5B;9=BH<9A5BB9F=BK<=7<
5B5GG9H;FCID=GIG98CF=B=HGD<MG=75@7CB8=H=CB
CFK<9BH<9F9=G57<5B;9=BH<95GG9H;FCID=B;0<9B5HF=;;9F=B;
9J9BHC77IFG
5H9GH:CFF97CJ9F56=@=HM=GD9F:CFA98
7CAD5F=B;DFC>97H98IB8=G7CIBH98:IHIF975G<:@CKGHCH<975FFM=B;
J5@I9C:H<95GG9H;FCID":H<9H9GH:CFF97CJ9F56=@=HM=89BH=:=9G5DCGG=6@9=AD5=FA9BH
H<95GG9H;FCIDWG:5=FJ5@I9=G
A95GIF98F9@M=B;DF=A5F=@MCB58=G7CIBH9875G<:@CKA9H<C8-CH<99LH9BH5J5=@56@9
K9K=@@5@GC7CBG=89FH<=F8D5FHM
J5@I5H=CBGC:CIF@CB;@=J985GG9HGH<5HK9F9DF9D5F98:CFCH<9F6IG=B9GGDIFDCG9GB=AD5=FA9BH7<5F;9=GF97C;B=N98
:CFH<95ACIBH6MK<=7<H<975FFM=B;J5@I9C:H<95GG9H;FCID9L7998G=HG9GH=A5H98:5=FJ5@I90<9B5B=AD5=FA9BH@CGG
=GF97C;B=N98:CF5GG9HGHC69<9@85B8IG98
H<958>IGH9875FFM=B;5ACIBHGC:H<CG95GG9HG5F989DF97=5H98CJ9FH<9=F
F9A5=B=B;IG9:I@@=:9CFH<9D9F=C8GDF9G9BH98
K9<5J9BCHF97CF8985BM=AD5=FA9BHG
1802;>&-81??1@9<-5>91:@
09D9F:CFA5B=AD5=FA9BHH9GHCB58=GDCG5@;FCIDHC698=G7CBH=BI98
<9@8:CFG5@9X!,Y
CFCH<9FK=G98=GDCG98
K<9BK9<5J97CAA=HH98HC5B57H=CB5B8H<957H=CB=G9LD97H98HC697CAD@9H98K=H<=BCB9M95F099GH=A5H9:5=FJ5@I9
HC5DDFCL=A5H9H<99LD97H98DFC7998GHC69F979=J98
@9GG7CGHHCG9@@
5B87CAD5F9=HHCH<975FFM=B;J5@I9C:H<9
8=GDCG5@;FCIDB=AD5=FA9BH7<5F;9=GF97C;B=N98K<9BH<975FFM=B;J5@I99L7998GH<99GH=A5H98:5=FJ5@I9G99
'CH9095@GC5GG9GG:5=FJ5@I9=:7=F7IAGH5B79G5F=G9H<5HK9F97CBG=89F98IB@=?9@M5B8
5G5F9GI@H
K9897=89BCHHC
G9@@58=GDCG5@;FCIDDF9J=CIG@M7@5GG=:=985G!,IDCBF97@5GG=:=75H=CB5G<9@85B8IG980<9BH<9F9=G57<5B;9HC5
D@5BC:G5@9
5B8H<95GG9HG5F9F97@5GG=:=98:FCA!,HC<9@85B8IG98
H<9@CB;@=J985GG9HGG<CI@869F9DCFH985HH<9
@CK9FC:=H<975FFM=B;5ACIBH69:CF9!,89G=;B5H=CB
58>IGH98:CF89DF97=5H=CBH<5HKCI@8<5J9699BF97C;B=N98=:H<9
5GG9HG<58BCH699B7@5GG=:=985G!,
CF==H<9:5=FJ5@I95HH<985H9H<95GG9HGBC@CB;9FG5H=G:MH<97F=H9F=5:CF
7@5GG=:=75H=CB5G!,
-5>)-8A1 1-?A>191:@?
09A95GIF9:5=FJ5@I9C:CIF:=B5B7=5@=BGHFIA9BHG
=B7@I8=B;H<CG9<9@8K=H<=BCIFD9BG=CBD@5BG
IG=B;J5F=CIG
J5@I5H=CBA9H<C8G5B8DF=CF=H=N9H<9IG9C:C6G9FJ56@9=BDIHG-<9IG9C:C6G9FJ56@95B8IBC6G9FJ56@9=BDIHG5B8H<9=F
G=;B=:=75B79=BA95GIF=B;:5=FJ5@I95F9F9:@97H98=BCIF:5=FJ5@I9<=9F5F7<M
Z %9J9@=BDIHG=B7@I89EICH98DF=79G:CF=89BH=75@=BGHFIA9BHG5B85F9H<9ACGHC6G9FJ56@9
Z %9J9@=BDIHG=B7@I89EICH98DF=79G:CFG=A=@5F=BGHFIA9BHG5B8C6G9FJ56@9=BDIHGGI7<5G=BH9F9GHF5H9G

7IFF9B7M9L7<5B;9F5H9G
5B8M=9@87IFJ9G
Z %9J9@=BDIHG=B7@I8985H5BCHC6G9FJ56@9=BH<9A5F?9H5B8F9:@97HA5B5;9A9BH>I8;A9BH56CIHH<9
5GGIADH=CBGA5F?9HD5FH=7=D5BHGKCI@8IG9=BDF=7=B;H<9=BGHFIA9BHG
=L98=B7CA9G97IF=H=9G
9EI=H=9G
7CAA=B;@98:IB8G
89F=J5H=J9:=B5B7=5@=BGHFIA9BHG
5B85@H9FB5H=J95GG9HG5F9
F9A95GIF985B8DF9G9BH98K=H<=BCIF7CBGC@=85H98:=B5B7=5@GH5H9A9BHG5H:5=FJ5@I9CB5F97IFF=B;65G=G=B5B79
F979=J56@9G5B8896H5F9A95GIF985H:5=FJ5@I9:CFH<9DIFDCG9C:8=G7@CGIF9(H<9F5GG9HG5B8@=56=@=H=9G5F9A95GIF98
5H:5=FJ5@I9CB5BCBF97IFF=B;65G=G
-F5BG:9FG=BHC5B8HF5BG:9FGCIHC:H<9<=9F5F7<M@9J9@G5F9F97C;B=N985G=:H<9M<58H5?9BD@5795HH<99B8C:H<9
F9DCFH=B;D9F=C8

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'&( %,"&!!'"(!'!#"&-,2',3#"
),7@,?4:9 0?3:/
4C0/9.:80&0.@=4?40>=L98=B7CA9G97IF=H=9GDF=A5F=@M=B7@I89;CJ9FBA9BHG97IF=H=9G
;CJ9FBA9BH5;9B7M
G97IF=H=9G
7CFDCF5H96CB8G
5B85GG9H657?98G97IF=H=9G09;9B9F5@@MA95GIF9:5=FJ5@I9IG=B;DF=79GC6H5=B98:FCA
DF=7=B;G9FJ=79GCFEICH9G:FCA895@9FGH<5HA5?9A5F?9HG=BGI7<G97IF=H=9G)F=7=B;A9H<C8G5B8=BDIHGHCJ5@I5H=CB
AC89@GIG986MH<9DF=7=B;G9FJ=79G89D9B8CBH<9G97IF=HMHMD9=9
5GG9H7@5GG0<9F9DCGG=6@9
:5=FJ5@I9G5F9
;9B9F5H98IG=B;A5F?9H=BDIHG
=B7@I8=B;EICH98DF=79GH<97@CG=B;DF=79=B5B9L7<5B;9A5F?9H
6=8DF=79GH<9DF=795H
K<=7<56IM9FGH5B8GF958MHCDIF7<5G9
5B8CH<9FA5F?9H=B:CFA5H=CBCF:=L98=B7CA9G97IF=H=9GH<5H5F9BCH57H=J9@M
HF5898
H<9DF=7=B;G9FJ=79GIG95@H9FB5H=J9A9H<C8GHC89H9FA=B9:5=FJ5@I9:CFH<9G97IF=H=9G
=B7@I8=B;EICH9G:CFG=A=@5F
:=L98=B7CA9G97IF=H=9G
A5HF=LDF=7=B;
8=G7CIBH9875G<:@CKIG=B;69B7<A5F?7IFJ9G
CFCH<9F:57HCFG"B79FH5=B75G9G

K<9BA5F?9H85H55F9BCH5J5=@56@9
K9A5MIG96FC?9FEICH9GCFDF=7=B;G9FJ=79GH<5HIG9DFCDF=9H5FMDF=7=B;AC89@GHC
89H9FA=B9:5=FJ5@I9-<9DFCDF=9H5FMAC89@G=B7CFDCF5H9IBC6G9FJ56@9=BDIHGDF=A5F=@M7CBG=GH=B;C:DF9D5MA9BH7IFJ9G

8=G7CIBHF5H9G
89:5I@H5GGIADH=CBG
F97CJ9FMF5H9G
M=9@85GGIADH=CBG
5B87F98=HGDF9585GGIADH=CBG
B5BBI5@F9J=9K=GD9F:CFA98CBH<9G97IF=HMDF=79GF979=J98:FCACIFDF=7=B;G9FJ=79G
K<=7<=B7@I89G8=G7IGG=CB
5B85B5@MG=GC:H<9=BDIHGIG986MH<9DF=7=B;G9FJ=79GHCJ5@I9CIFG97IF=H=9G095@GC7CAD5F9H<9DF=79C:79FH5=B
G97IF=H=9GGC@87@CG9HCH<9EI5FH9F9B8HCH<9DF=79C:H<9G5A9G97IF=HM5HH<965@5B79G<99H85H9HC9BGIF9H<9F9DCFH98
:5=FJ5@I9=GF95GCB56@9
<@4?40>EI=HMG97IF=H=9G5F9DF=A5F=@M9L7<5B;9HF58985B85F9J5@I9865G98CBH<97@CG=B;6=8
C::=7=5@7@CG9
CF
@5GHHF589DF=7=B;CB5B57H=J99L7<5B;9":7@CG=B;DF=79G5F9BCH5J5=@56@9
G97IF=H=9G5F9J5@I985HH<9@5GHEICH986=8
DF=79CFA5M69J5@I98IG=B;H<9@5GH5J5=@56@9DF=79,97IF=H=9GH<5H5F9H<=B@MHF5898CF89@=GH985F9J5@I98IG=B;
IBC6G9FJ56@9DF=7=B;85H5
:8849270/@9/>=L98=B7CA95B8DI6@=79EI=HMG97IF=H=9GA5M957<697CA6=B98=BHC7CAA=B;@98:IB8
=BJ9GHA9BHG&CGH7CAA=B;@98:IB8G5F9J5@I98HCF9:@97HCIF=BH9F9GH=BH<9:IB865G98CBH<9F9DCFH98M95F9B8B9H
5GG9HJ5@I9X'/Y
0=4A,?4A049,9.4,79>?=@809?>L7<5B;9HF589889F=J5H=J9G:CFK<=7<A5F?9HEICH5H=CBG5F9F958=@M5J5=@56@95F9
J5@I985HH<9@5GHF9DCFH98G5@9DF=79CFC::=7=5@7@CG=B;DF=795GF9DCFH986M5B=B89D9B89BHDF=7=B;G9FJ=79CBH<9DF=A5FM
A5F?9HCF9L7<5B;9CBK<=7<H<9M5F9HF5898(J9FH<97CIBH9F89F=J5H=J9G5F9BCH9L7<5B;9HF58985B85F9J5@I98
IG=B;=B89D9B89BHDF=7=B;G9FJ=79GCF=B8IGHFMGH5B85F8J5@I5H=CBAC89@GGI7<5G58=G7CIBH9875G<:@CK0<9B
8=G7CIBH9875G<:@CKAC89@G5F9IG98
DFC>97H98:IHIF975G<:@CKG5F98=G7CIBH98HC5DF9G9BHJ5@I9IG=B;A5F?9H65G98
9LD97H5H=CBG:CF=BH9F9GHF5H9G
:CF9=;B9L7<5B;9F5H9G
7CAAC8=HMDF=79G
5B8H<97CBHF57HI5@H9FAGC:H<989F=J5H=J9
=BGHFIA9BHG-<98=G7CIBHF5H9IG98=GH<9F9@9J5BH69B7<A5F?=BH9F9GHF5H99;
%"(+
,('"D@IG5B58>IGHA9BH:CF
BCBD9F:CFA5B79F=G?-<958>IGHA9BHF9:@97HGH<9:I@@7F98=H89:5I@HGK5DX,YGDF9585DD@=98HC5B9H9LDCGIF9
6M
7CIBH9FD5FHM
7CBG=89F=B;H<9A5GH9FB9HH=B;5;F99A9BHG5B85BMDCGH987C@@5H9F5@09IG9CIF7CIBH9FD5FHMWG,
GDF958K<9BK95F9=B5B9H5GG9HDCG=H=CB5B8CIFCKB,GDF958K<9BK95F9=B5B9H@=56=@=HMDCG=H=CB"B75G9G
K<9BA5F?9H85H55F9BCH5J5=@56@9
K9IG96FC?9FEICH9G5B8AC89@G9;
@57?,7<C@9GHC89H9FA=B9:5=FJ5@I9-<=G
=B7@I89GG=HI5H=CBGK<9F9H<9F9=G5@57?C:@=EI=8=HM:CF5D5FH=7I@5F7IFF9B7MCF7CAAC8=HM
CFK<9BH<9=BGHFIA9BH=G
@CB;9F85H98
7?0=9,?4A0>>0?>!98;9:IB8G;9B9F5@@M<C@8@=EI=85B8F958=@MDF=798G97IF=H=9G
GI7<5GDI6@=79EI=H=9G
9L7<5B;9
HF589889F=J5H=J9G
5B87CFDCF5H96CB8G)F=J5H99EI=HM5B8F95@9GH5H9=BJ9GHA9BHG5F9@9GG@=EI=8LH9FB5@=BJ9GHA9BH
A5B5;9FGHMD=75@@MF9DCFHJ5@I5H=CBGF9:@97H=B;=B=H=5@7CGHCFID85H985DDF5=G5@G
K<=7<5F958>IGH98:CF75G<:@CKG
5B8
F95@=N985B8IBF95@=N98;5=BG @CGG9G@@5@H9FB5H=J95GG9HG5F9J5@I985HH<9'/DFCJ=8986MH<9=BJ9GHA9BHGDCBGCFCF
H<=F8D5FHM58A=B=GHF5HCF
5GH<9M8CBCH<5J9F958=@M5J5=@56@9A5F?9HEICH5H=CBG/5@I5H=CBGA5M69@5;;98IDHC
G=LACBH<G-<9'/K=@@6958>IGH98:CF75G<:@CKG588=H=CB5@=BJ9GHA9BHGCF7CBHF=6IH=CBG
5B88=GHF=6IH=CBGH<FCI;<
M95F9B809A5MA5?9:IFH<9F58>IGHA9BHG:CF5BM?BCKBGI6GH5BH=J9J5@I5H=CB7<5B;9GBCHF9:@97H98=BH<9'/
-<9CF809F?9 A6!XCF809F?9Y89:=B9869B9:=HD@5B=GDF=A5F=@M:IB898H<FCI;<5;FCID=BGIF5B797CBHF57H

G99'CH909A95GIF9H<9:5=FJ5@I9C:H<9=BGIF5B795GG9H6MDFC>97H=B;9LD97H98:IHIF975G<:@CKG:FCAH<9
7CBHF57H5B88=G7CIBH=B;H<9AHCDF9G9BHJ5@I965G98CB7IFF9BHA5F?9HF5H9G=B7@I8=B;5B5GG9GGA9BH:CFBCB
D9F:CFA5B79F=G?C:H<9=BGIF5B797CAD5BM-<95GGIADH=CBGIG98HCDFC>97H9LD97H98:IHIF975G<:@CKG5F965G98CB
57HI5F=5@9GH=A5H9G5B85F9IBC6G9FJ56@9H<9F9:CF9
H<97CBHF57H=G75H9;CF=N98K=H<=B%9J9@C:H<9<=9F5F7<M

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'&( %,"&!!'"(!'!#"&-,2',3#"
49,9.0%0.04A,-70>09A95GIF9:=B5B79F979=J56@9G5H:5=FJ5@I9IG=B;=BH9FB5@J5@I5H=CBAC89@GG99'CH9
-<9G9AC89@GDFC>97H:IHIF975G<:@CKGC::=B5B7=B;7CBHF57HG65G98CBG7<98I@987CBHF57HD5MA9BHG=B7@I8=B;DF=B7=D5@
5B8=BH9F9GH-<9DFC>97H9875G<:@CKG5F98=G7CIBH98HCDF9G9BHJ5@I965G98CB5GGIADH=CBGF9;5F8=B;9LD97H987F98=H
@CGG9G
DF9D5MA9BHGD998
5B85DD@=756@9GDF958GHC5DDFCL=A5H97IFF9BHF5H9G-<9:5=FJ5@I9C::=B5B79F979=J56@9G=G
75H9;CF=N98K=H<=B%9J9@C:H<9<=9F5F7<M
(B5BCBF97IFF=B;65G=G
K95@GCA95GIF95H:5=FJ5@I9F9H5=@7CBHF57HG;F95H9FH<5B85MGD5GH8I9CF899A98HC
69IB7C@@97H=6@9
5B8=B8=J=8I5@895@9F@C5BGDFC656@9C::CF97@CGIF909IG9H<9:5=FJ5@I9C:7C@@5H9F5@
58>IGH98:CF
9GH=A5H987CGHGHCG9@@
HC89H9FA=B9H<9:5=FJ5@I9C:H<9G9F979=J56@9G-<97C@@5H9F5@:CF5F9H5=@:=B5B7=B;CFK<C@9G5@9
F979=J56@9=GH<9J9<=7@9:=B5B798
5B8:CF895@9F@C5BG=GF95@9GH5H9CFCH<9FDFCD9FHM
-<9:5=FJ5@I9C:7C@@5H9F5@:CFF9H5=@F979=J56@9G=G75@7I@5H985GH<9CIHGH5B8=B;F979=J56@965@5B79GAI@H=D@=986MH<9
5J9F5;9F97CJ9FMJ5@I9D9F79BH5;9-<9:5=FJ5@I9C:7C@@5H9F5@:CFK<C@9G5@9F979=J56@9G=G65G98CBH<9K<C@9G5@9
A5F?9HJ5@I9CF@=EI=85H=CBJ5@I9:CFB9K5B8IG98J9<=7@9G-<9:5=FJ5@I9C:7C@@5H9F5@:CF895@9F@C5BG=G89H9FA=B986M
F9J=9K=B;J5F=CIG5DDF5=G5@G
K<=7<=B7@I89HCH5@58>IGH985DDF5=G98J5@I9C:@5B85B8=ADFCJ9A9BHG
5@H9FB5H9IG9
5DDF5=G98J5@I9
6FC?9FWGCD=B=CBC:J5@I9
5B8DIF7<5G9C::9FG
0-?09A95GIF9896H5H:5=FJ5@I9IG=B;EICH98DF=79G:CFCIFCKB896HK=H<5DDFCL=A5H9@MH<9G5A9F9A5=B=B;
A5HIF=H=9GG99'CH90<9F9EICH98DF=79G5F9BCH5J5=@56@9
K99GH=A5H9:5=FJ5@I9IG=B;8=G7CIBH9875G<:@CKG5B8
A5F?9H65G989LD97H5H=CBG:CF=BH9F9GHF5H9G
7F98=HF=G?
5B8H<97CBHF57HI5@H9FAGC:H<9896H=BGHFIA9BHGCF79FH5=B
G<CFHH9FA896HK=H<5BCF=;=B5@A5HIF=HM85H9C:CB9M95FCF@9GG
K95GGIA9H<5H6CC?J5@I9=G5F95GCB56@9
5DDFCL=A5H=CBC:H<9896HWG:5=FJ5@I9-<9:5=FJ5@I9C:896H=G75H9;CF=N98K=H<=B%9J9@C:H<9<=9F5F7<M
5:-:/1-:01-?1:/1:@5B1?
09FCIH=B9@MGDCBGCFGD97=5@F9H5=@:=B5B7=B;5B8@95G9=B79BH=J9GHC895@9FGW7IGHCA9FGK<C7<CCG9HC:=B5B79CF
@95G9CIFJ9<=7@9G:FCACF8F98=H-<97CGH:CFH<9G9=B79BH=J9G=G=B7@I898=BCIF9GH=A5H9C:J5F=56@97CBG=89F5H=CB
K<9BH<9J9<=7@9=GGC@8HCH<9895@9FCF8F98=HF97CF8G5F98I7H=CBHCH<9:=B5B79F979=J56@9CFF98I79GH<97CGHC:H<9
J9<=7@9CD9F5H=B;@95G9K<9B=HF97CF8GH<9IB89F@M=B;:=B5B797CBHF57H
5B8K9HF5BG:9FHCCF8F98=HH<95ACIBHC:H<9
=B79BH=J9CB69<5@:C:H<9895@9FWG7IGHCA9F,99'CH9:CF588=H=CB5@=B:CFA5H=CBF9;5F8=B;HF5BG57H=CBG69HK99B
IHCACH=J95B8CF8F98=H-<9CF8F98=HG9;A9BHF97C;B=N98=BH9F9GHF9J9BI9C:6=@@=CB
6=@@=CB
5B8
6=@@=CB=B

5B8
F9GD97H=J9@M
5B8@CK9F89DF97=5H=CBC:6=@@=CB
6=@@=CB
5B86=@@=CB=B

5B8
F9GD97H=J9@M
5GGC7=5H98K=H<H<9G9=B79BH=J9G
&A<<851>#>5/106A?@91:@?
09:F9EI9BH@MB9;CH=5H9DF=7958>IGHA9BHGK=H<CIFGIDD@=9FGH<FCI;<CIH5DFC8I7H=CB7M7@9
9J9B5:H9FF979=J=B;
DFC8I7H=CBA5H9F=5@-<9G9DF=7958>IGHA9BHGF9@5H9HC7<5B;9G=B89G=;BGD97=:=75H=CBCFCH<9F7CAA9F7=5@H9FAGGI7<5G
97CBCA=7G
DFC8I7H=J=HM
5B87CAD9H=H=J9DF=7=B;09F97C;B=N9DF=7958>IGHA9BHGK<9BK9F957<:=B5@5;F99A9BHK=H<
CIFGIDD@=9FG"B;9B9F5@
K95JC=88=F97HDF=797<5B;9G=B7CBG=89F5H=CBC::IHIF96IG=B9GG<CK9J9F
K<9BH<9G9C77IF

CIFDC@=7M=GHC89:9FH<9F97C;B=H=CBC:5BMGI7<DF=797<5B;9;=J9B9LD@=7=H@M=B7CBG=89F5H=CBC::IHIF96IG=B9GGK<9F9
;I5F5BH998JC@IA9G5F9GD97=:=98
;B1>:91:@:/1:@5B1?
09F979=J9=B79BH=J9G:FCA.,5B8BCB.,;CJ9FBA9BH5@9BH=H=9G=BH<9:CFAC:H5LF965H9GCF7F98=HG

;F5BHG
5B8
@C5BG CJ9FBA9BH=B79BH=J9G5F9F97CF898=BCIF7CBGC@=85H98:=B5B7=5@GH5H9A9BHG=B577CF85B79K=H<H<9=FDIFDCG95G5
F98I7H=CBC:9LD9BG9
5F98I7H=CBC:H<97CGHC:H<975D=H5@=BJ9GHA9BH
CFCH<9F=B7CA9-<969B9:=H=G;9B9F5@@MF97CF898
K<9B5@@7CB8=H=CBG5HH57<98HCH<9=B79BH=J9<5J9699BA9H5B8H<9F9=GF95GCB56@95GGIF5B79C:F979=DH

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'&( %,"&!!'"(!'!#"&-,2',3#"
&181/@10"@41>;?@?
B;=B99F=B;
F9G95F7<
5B889J9@CDA9BH9LD9BG9G5F9F9DCFH98=B:>?:1>,70>5B8DF=A5F=@M7CBG=GHC:G5@5F=9G

A5H9F=5@G
5B85GGC7=5H987CGHGB;=B99F=B;
F9G95F7<
5B889J9@CDA9BH7CGHG5F99LD9BG985G=B7IFF98K<9B
D9F:CFA98=BH9FB5@@MCFK<9BD9F:CFA986M5GIDD@=9F=:K9;I5F5BH99F9=A6IFG9A9BH8J9FH=G=B;7CGHG5F9F9DCFH98=B
&077492,/8494>?=,?4A0,9/:?30=0C;09>0>5B85F99LD9BG985G=B7IFF98B;=B99F=B;
F9G95F7<
89J9@CDA9BH
5B8
58J9FH=G=B;9LD9BG9G:CFH<9M95FG9B898979A69FK9F95G:C@@CKG=B6=@@=CBG

B;=B99F=B;
F9G95F7<
5B889J9@CDA9BH
8J9FH=G=B;
!"'!*"(!'!&'!%&
0;<@5;:;2!1C//;A:@5:3&@-:0->0?
..:@9?492&?,9/,=/>(;/,?0H&(I

=0/4?:>>0> 0,>@=0809?:1=0/4?:>>0>:949,9.4,7
9>?=@809?>(B#5BI5FM

K958CDH98H<9B9K7F98=H@CGGGH5B85F85B85@@C:H<9F9@5H985A9B8A9BHG
K<=7<
F9D@5798H<9=B7IFF98@CGG=AD5=FA9BHA9H<C8K=H<5A9H<C8H<5HF9:@97HG@=:9H=A99LD97H987F98=H@CGG9G0958CDH98H<9
7<5B;9G=B577CIBH=B;:CF7F98=H@CGG9G6MF97C;B=N=B;H<97IAI@5H=J99::97HC:=B=H=5@@M5DD@M=B;H<9B9K7F98=H@CGG
GH5B85F85G5B58>IGHA9BHHCH<9CD9B=B;65@5B79C:%0?,490/0,=9492>-<97CAD5F5H=J9=B:CFA5H=CB<5GBCH699B
F9GH5H985B87CBH=BI9GHC69F9DCFH98IB89FH<9577CIBH=B;GH5B85F8=B9::97H:CFH<CG9D9F=C8G
-<97IAI@5H=J99::97HC:H<97<5B;9GA589HCCIF7CBGC@=85H9865@5B79G<99H5H#5BI5FM

:CFH<958CDH=CBC:
&(

=0/4?:>>0> 0,>@=0809?:1=0/4?:>>0>:949,9.4,79>?=@809?>
K5G5G:C@@CKG=BA=@@=CBG
-8-:/1-@ 06A?@91:@?0A1@; -8-:/1-@

1/19.1>

&(

-:A->E

-8-:/1?411@
??1@?
CF8F98=H:=B5B79F979=J56@9G
B9H
7IFF9BH

-F5895B8CH<9FF979=J56@9G
B9H

CF8F98=H:=B5B79F979=J56@9G
B9H
BCB7IFF9BH

EI=HM=BB9H5GG9HGC:5::=@=5H987CAD5B=9G

9:9FF98=B7CA9H5L9G

5-.585@51?
9:9FF98=B7CA9H5L9G
=A5@E
+9H5=B9895FB=B;G

&( %010=09.0%,?0%01:=8,.474?,?4:9:1?30110.?>:1%010=09.0%,?0%01:=8:949,9.4,7%0;:=?492
(BDF=@

K958CDH98H<9B9KGH5B85F85B8H<9F9@5H985A9B8A9BH
K<=7<DFCJ=89GCDH=CB5@9LD98=9BHG5B8
9L79DH=CBG:CF5DD@M=B;;9B9F5@@M5779DH98577CIBH=B;DF=B7=D@9GHC7CBHF57HG
<98;=B;F9@5H=CBG<=DG
5B8CH<9F
HF5BG57H=CBG5::97H986MF9:9F9B79F5H9F9:CFA9;
8=G7CBH=BI5H=CBC:%"(+=:79FH5=B7F=H9F=55F9A9HGC:
979A69F

K9<5J9BCHM9H9@97H985BMCDH=CB5@9LD98=9BHGDFCJ=898=BH<9GH5B85F809K=@@5DD@MH<9
577CIBH=B;F9@=9:5GF9@9J5BH7CBHF57H5B8<98;9577CIBH=B;F9@5H=CBG<=DAC8=:=75H=CBG5F9A5898IF=B;H<9F9:9F9B79F5H9
F9:CFAHF5BG=H=CBD9F=C8098CBCH9LD97HH<9GH5B85F8HC<5J95A5H9F=5@=AD57HCBCIF7CBGC@=85H98:=B5B7=5@
GH5H9A9BHG

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'!*"(!'!&'!%&-,2',3#"
095@GC58CDH98H<9:C@@CK=B;,.G8IF=B;
BCB9C:K<=7<<585A5H9F=5@=AD57HHCCIF7CBGC@=85H98:=B5B7=5@
GH5H9A9BHGCF:=B5B7=5@GH5H9A9BH8=G7@CGIF9G
&( 221/@5B1-@1
@5F=:M=B;H<9"BH9F57H=CB69HK99BEI=HM,97IF=H=9G
EI=HM&9H<C85B8#C=BH/9BHIF9G
5B89F=J5H=J9G5B8 #5BI5FM

!98;=B;
@5F=:M=B;H<9"BH9F57H=CB69HK99BC@@56CF5H=J9FF5B;9A9BHG5B8+9J9BI9:FCACBHF57HGK=H<IGHCA9FG #5BI5FM

IGHCA9FWG77CIBH=B;:CF"AD@9A9BH5H=CBCGHG"B7IFF98=B5@CI8CADIH=B;FF5B;9A9BHH<5H=G5,9FJ=79 #5BI5FM

CBHF57H
//;A:@5:3&@-:0->0???A10A@!;@,1@0;<@10
-<9CAD5BM7CBG=89FGH<95DD@=756=@=HM5B8=AD57HC:5@@,.G,.GK9F95GG9GG985B889H9FA=B98HC699=H<9F
BCH5DD@=756@9CF5F99LD97H98HC<5J9A=B=A5@=AD57HCBCIF7CBGC@=85H98:=B5B7=5@GH5H9A9BHG

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"' %)!(
-<9:C@@CK=B;H56@9G8=G5;;F9;5H9CIFF9J9BI96MA5>CFGCIF79:CFH<9M95FG9B898979A69F=BA=@@=CBG

A@;9;@5B1 ;.585@E ;>0>105@ ;:?;850-@10
/9<=7@9G
D5FHG
5B85779GGCF=9G
V V

.G98J9<=7@9G
V V

LH9B898G9FJ=797CBHF57HG
V V

(H<9FF9J9BI9

+9J9BI9G:FCAG5@9G5B8G9FJ=79G

%95G=B;=B7CA9 V

=B5B7=B;=B7CA9 V V

"BGIF5B79=B7CA9 V V
-CH5@F9J9BI9G

A@;9;@5B1 ;.585@E ;>0>105@ ;:?;850-@10
/9<=7@9G
D5FHG
5B85779GGCF=9G
V V

.G98J9<=7@9G
V V

V V

(H<9FF9J9BI9


%95G=B;=B7CA9 V

=B5B7=B;=B7CA9 V V

"BGIF5B79=B7CA9 V V
-CH5@F9J9BI9G

A@;9;@5B1 ;.585@E ;>0>105@ ;:?;850-@10
/9<=7@9G
D5FHG
5B85779GGCF=9G
V V

.G98J9<=7@9G
V V

V V

(H<9FF9J9BI9


%95G=B;=B7CA9 V

=B5B7=B;=B7CA9 V V

"BGIF5B79=B7CA9 V V
-CH5@F9J9BI9G

+9J9BI9=GF97C;B=N98K<9BC6@=;5H=CBGIB89FH<9H9FAGC:57CBHF57HK=H<CIF7IGHCA9F5F9G5H=G:=98;9B9F5@@MH<=G
C77IFGK=H<H<9HF5BG:9FC:7CBHFC@C:CIFJ9<=7@9G
D5FHG
5779GGCF=9G
CFG9FJ=79G+9J9BI9=GA95GIF985GH<95ACIBHC:
7CBG=89F5H=CBK99LD97HHCF979=J9=B9L7<5B;9:CFHF5BG:9FF=B;;CC8GCFDFCJ=8=B;G9FJ=79G,5@9G
J5@I958898
5B8
CH<9FH5L9GK97C@@97H7CB7IFF9BHK=H<F9J9BI9DFC8I7=B;57H=J=H=9G5F99L7@I898:FCAF9J9BI9"B7=89BH5@=H9AGH<5H5F9
=AA5H9F=5@=BH<97CBH9LHC:H<97CBHF57H5F9F97C;B=N985G9LD9BG9-<99LD97H987CGHG5GGC7=5H98K=H<CIF65G9
K5FF5BH=9G5B8:=9@8G9FJ=7957H=CBG7CBH=BI9HC69F97C;B=N985G9LD9BG9K<9BH<9DFC8I7HG5F9GC@8G99'CH909
F97C;B=N9F9J9BI9:CFJ9<=7@9G9FJ=797CBHF57HGH<5H9LH9B8A97<5B=75@5B8A5=BH9B5B797CJ9F5;9G69MCB8CIF65G9
K5FF5BH=9GCJ9FH<9@=:9C:H<97CBHF57H098CBCH<5J95BMA5H9F=5@G=;B=:=75BHD5MA9BHH9FAG5GD5MA9BH=GF979=J985H
CFG<CFH@M5:H9FH<9DC=BHC:G5@9

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"' %)!(-,2',3#"
A@;9;@5B1&1391:@
)034.70>#,=?>,9/..0>>:=40>CFH<9A5>CF=HMC:J9<=7@9G
D5FHG
5B85779GGCF=9G
K9HF5BG:9F7CBHFC@5B8
F97C;B=N95G5@9K<9BK9G<=DH<9DFC8I7H:FCACIFA5BI:57HIF=B;:57=@=HMHCCIF7IGHCA9F895@9FG5B88=GHF=6IHCFG09
F979=J975G<9EI5@HCH<9=BJC=79DF=79:CFACGHJ9<=7@9G5@9G5HH<9H=A9C:K<C@9G5@90<9BH<9J9<=7@9G5@9=G:=B5B798
6MCIFK<C@@MCKB98GI6G=8=5FMCF8F98=H
H<9895@9FD5MGCF8F98=HK<9B=HG9@@GH<9J9<=7@9HCH<9F9H5=@7IGHCA9F
G99'CH9)5MA9BHH9FAGCBD5FHG5@9GHC895@9FG
8=GHF=6IHCFG
5B8F9H5=@9FGF5B;9:FCAHC85MG-<95ACIBH
C:7CBG=89F5H=CBK9F979=J95B8F9J9BI9K9F97C;B=N9J5F=9GK=H<7<5B;9G=BF9HIFBF=;<HG5B8A5F?9H=B;=B79BH=J9GK9
C::9FHCCIF7IGHCA9FG5B8H<9=F7IGHCA9FG0<9BK9;=J9CIF895@9FGH<9F=;<HHCF9HIFB9@=;=6@9D5FHG5B85779GGCF=9G

K99GH=A5H9H<99LD97H98F9HIFBG65G98CB5B5B5@MG=GC:<=GHCF=75@9LD9F=9B79GH=A5H9GC:A5F?9H=B;=B79BH=J9G5F9
65G98CB9LD97H98F9H5=@5B8:@99HG5@9GJC@IA9G
A=LC:DFC8I7HGHC69GC@8
5B8=B79BH=J9DFC;F5AGHC69C::9F98
IGHCA9F5779DH5B79C:DFC8I7HG5B8DFC;F5AG
5GK9@@5GCH<9FA5F?9H7CB8=H=CBG
K=@@=AD57HH<9G99GH=A5H9G09
58>IGHCIF9GH=A5H9C:F9J9BI95HH<995F@=9FC:K<9BH<9J5@I9C:7CBG=89F5H=CBK99LD97HHCF979=J97<5B;9GCFK<9BH<9
7CBG=89F5H=CB697CA9G:=L98G5F9GI@HC:7<5B;9G=BCIF9GH=A5H9C:A5F?9H=B;=B79BH=J9G
8IF=B;

5B8

K9F97CF8985897F95G9C:A=@@=CB
A=@@=CB
5B8A=@@=CB
F9GD97H=J9@M
F9@5H98HCF9J9BI9F97C;B=N98
=BDF=CF5BBI5@D9F=C8G
9D9B8=B;CBH<9H9FAGC:H<95FF5B;9A9BH
K9A5M5@GC89:9FH<9F97C;B=H=CBC:5DCFH=CBC:H<97CBG=89F5H=CB
F979=J986975IG9K9<5J9HCG5H=G:M5:IHIF9C6@=;5H=CB9;
:F999LH9B898G9FJ=797CBHF57HG09IG95BC6G9FJ56@9
DF=79HC89H9FA=B9H<9GH5B85@CB9G9@@=B;DF=79:CFG9D5F5H9D9F:CFA5B79C6@=;5H=CBG
CF57CGHD@IGA5F;=B5DDFC57<
K<9BCB9=GBCH5J5=@56@909<5J99@97H98HCF97C;B=N9H<97CGH:CF:F9=;<H5B8G<=DD=B;K<9B7CBHFC@CJ9FJ9<=7@9G

D5FHG
CF5779GGCF=9G<5J9HF5BG:9FF98HCH<97IGHCA9F5G5B9LD9BG9=B:>?:1>,70>
09G9@@J9<=7@9GHC85=@MF9BH5@7CAD5B=9G5B8A5M;I5F5BH99H<5HK9K=@@D5MH<9AH<98=::9F9B7969HK99B5B5;F998
5ACIBH5B8H<9J5@I9H<9M5F956@9HCF95@=N9IDCBF9G5@9HH<9H=A9C:HF5BG:9FC:J9<=7@9GHCH<985=@MF9BH5@
7CAD5B=9G
K9F97CF8H<9DFC656@95ACIBHK9K=@@D5MIB89FH<9;I5F5BH99HC"?30=74,-474?40>,9//010==0/=0A09@0G99
'CH9
(>0/)034.70>09G9@@IG98J9<=7@9G6CH<5H5I7H=CB5B8H<FCI;<CIF7CBGC@=85H98895@9FG<=DG)FC7998G:FCAH<9
G5@9C:H<9G9J9<=7@9G5F9F97C;B=N98=B@?:8:?4A0=0A09@0>IDCBHF5BG:9FC:7CBHFC@C:H<9J9<=7@9HCH<97IGHCA9F
5B8
H<9F9@5H98J9<=7@975FFM=B;J5@I9=GF97C;B=N98=B:>?:1>,70>
C?09/0/&0=A4.0:9?=,.?>09G9@@G9D5F5H9@MDF=798G9FJ=797CBHF57HGH<5H9LH9B8A97<5B=75@5B8A5=BH9B5B79
7CJ9F5;9G69MCB8CIF65G9K5FF5BHM5;F99A9BHGHCJ9<=7@9CKB9FG-<9G9D5F5H9@MDF=798G9FJ=797CBHF57HGF5B;9:FCA
HCACBH<G09F979=J9D5MA9BH5H7CBHF57H=B79DH=CB5B8F97C;B=N9F9J9BI9CJ9FH<9H9FAC:H<95;F99A9BH=B
DFCDCFH=CBHCH<97CGHGK99LD97HHC=B7IF=BG5H=G:M=B;H<97CBHF57HC6@=;5H=CBG09<58565@5B79C:6=@@=CB5B8
6=@@=CBC:IB95FB98F9J9BI95GGC7=5H98K=H<CIHGH5B8=B;7CBHF57HGF9DCFH98=B"?30=74,-474?40>,9//010==0/=0A09@0
5H979A69F
5B8
F9GD97H=J9@M09F97C;B=N986=@@=CB5B86=@@=CBC:H<9IB95FB985ACIBHG5G
F9J9BI98IF=B;H<9M95FG9B898979A69F
5B8
F9GD97H=J9@MH979A69F

H<9IB95FB98
5ACIBHK5G6=@@=CB099LD97HHCF97C;B=N95DDFCL=A5H9@M6=@@=CBC:H<9IB95FB985ACIBH=B
6=@@=CB=B

5B86=@@=CBH<9F95:H9F
09F97CF85DF9A=IA89:=7=9B7MF9G9FJ9HCH<99LH9BHK99GH=A5H9H<9:IHIF97CGHG5GGC7=5H98K=H<H<9G97CBHF57HG
9L7998H<9IBF97C;B=N98F9J9BI9ACIBHGD5=8HC895@9FGHCC6H5=BH<9G97CBHF57HG5F989:9FF985B8F97CF8985G"?30=
,>>0?>-<9G97CGHG5F95ACFH=N98HC9LD9BG97CBG=GH9BHK=H<<CKH<9F9@5H98F9J9BI9=GF97C;B=N9809<58565@5B79
C:A=@@=CB5B8A=@@=CB=B89:9FF987CGHG5GC:979A69F
5B8
F9GD97H=J9@M09F97C;B=N98
A=@@=CB
A=@@=CB
5B8A=@@=CBC:5ACFH=N5H=CB8IF=B;H<9M95FG9B898979A69F

5B8

F9GD97H=J9@M
"?30=%0A09@0(H<9FF9J9BI97CBG=GHGDF=A5F=@MC:B9H7CAA=GG=CBGF979=J98:CFG9FJ=B;5GH<95;9BH=B:57=@=H5H=B;
H<9G5@9C:5H<=F8D5FHMWGDFC8I7HGCFG9FJ=79GHCCIF7IGHCA9FG
D5MA9BHG:CFJ9<=7@9F9@5H9889G=;B5B8H9GH=B;G9FJ=79G
K9D9F:CFA:CFCH<9FG
5B8F9J9BI95GGC7=5H98K=H<J5F=CIG&C6=@=HMCD9F5H=CBG09<5J95DD@=98H<9DF57H=75@9LD98=9BH
HCF97C;B=N9@?:8:?4A0=0A09@0>:CFJ9<=7@9F9@5H9889G=;B5B8H9GH=B;G9FJ=79GCJ9FH<9HKCHCH<F99M95FH9FAC:H<9G9
5;F99A9BHG=BDFCDCFH=CBHCH<95ACIBHK9<5J9H<9F=;<HHC=BJC=79

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"' %)!(-,2',3#"
0,>4929.:8009G9@@J9<=7@9GHC85=@MF9BH5@7CAD5B=9GK=H<5BC6@=;5H=CBHCF9DIF7<5G9H<9J9<=7@9G:CF5
;I5F5BH9985ACIBH
9L9F7=G56@95HH<9CDH=CBC:H<97IGHCA9F-<9HF5BG57H=CBG5F9577CIBH98:CF5GCD9F5H=B;@95G9G
.DCBH<9HF5BG:9FC:J9<=7@9GHCH<985=@MF9BH5@7CAD5B=9G
K9F97CF8DFC7998GF979=J98=B"?30=74,-474?40>,9//010==0/
=0A09@0-<98=::9F9B7969HK99BH<9DFC7998GF979=J985B8H<9;I5F5BH998F9DIF7<5G95ACIBH=GF97CF898=B
@?:8:?4A0=0A09@0>CJ9FH<9H9FAC:H<9@95G9IG=B;5GHF5=;<H@=B9A9H<C8-<97CGHC:H<9J9<=7@9=GF97CF898=B!0?
49A0>?809?49:;0=,?49270,>0>CBCIF7CBGC@=85H9865@5B79G<99HG5B8H<98=::9F9B7969HK99BH<97CGHC:H<9J9<=7@95B8
H<99GH=A5H985I7H=CBJ5@I9=G89DF97=5H98=B:>?:1>,70>CJ9FH<9H9FAC:H<9@95G9
;>0>105@&1391:@
0,>4929.:80CF8F98=HC::9FG@95G=B;D@5BGHCF9H5=@7CBGIA9FGH<FCI;<CF85B8%=B7C@B6F5B8895@9FGH<5H
CF=;=B5H9H<9@95G9GCF8F98=HF97CF8G5BCD9F5H=B;@95G9IDCBDIF7<5G9C:5J9<=7@9GI6>97HHC5@95G9:FCAH<9
895@9F-<9F9H5=@7CBGIA9FA5?9G@95G9D5MA9BHGF9DF9G9BH=B;H<98=::9F9B7969HK99BCF8F98=HWGDIF7<5G9DF=79C:
H<9J9<=7@95B8H<97CBHF57HI5@F9G=8I5@J5@I9C:H<9J9<=7@9D@IG@95G9:99G
K<=7<K9F97C;B=N9CB5GHF5=;<H@=B965G=G
CJ9FH<9H9FAC:H<9@95G95;F99A9BH9DF97=5H=CB5B8H<9;5=BCF@CGGIDCB8=GDCG=H=CBC:H<9J9<=7@9=GF97CF898=B
:=/=0/4?49?0=0>?:;0=,?492,9/:?30=0C;09>0>
49,9.4929.:80CF8F98=HCF=;=B5H9G5B8DIF7<5G9G:=B5B79=BGH5@@A9BH7CBHF57HG=B5B7=B;=B7CA9F9DF9G9BHG
=BH9F9GH95FB98CBH<9:=B5B79F979=J56@9G=B7@I8=B;G5@9GHMD95B88=F97H:=B5B7=B;@95G9G"BH9F9GH=GF97C;B=N98IG=B;
H<9=BH9F9GHA9H<C85B8=B7@I89GH<95ACFH=N5H=CBC:79FH5=B8=F97HCF=;=B5H=CB7CGHG
9>@=,9.09.:80"B7CA9:FCA=BGIF5B797CBHF57HG=GF97C;B=N989J9B@MCJ9FH<9H9FAC:H<95;F99A9BH"BGIF5B79
7CAA=GG=CBF9J9BI9=GF97C;B=N98CB5B9H65G=G5HH<9H=A9C:G5@9C:H<9H<=F8D5FHMWGDFC8I7HCFG9FJ=79HCCIF7IGHCA9F
!"'"'%!" "&&
-<95ACIBHG=B7@I898=B"?30=49.:807:>>90?:CFH<9M95FG9B898979A69FK9F95G:C@@CKG=BA=@@=CBG

'9HD9F=C8=7D9BG=CB5B8()=B7CA9 7CGH
9L7@I8=B;G9FJ=797CGH

"BJ9GHA9BHF9@5H98=BH9F9GH=B7CA9
"BH9F9GH=B7CA9 9LD9BG9CB=B7CA9H5L9G
+95@=N985B8IBF95@=N98;5=BG @CGG9GCB75G<9EI=J5@9BHG
A5F?9H56@9G97IF=H=9G
5B8CH<9F
=BJ9GHA9BHG
5=BG %CGG9GCB7<5B;9G=B=BJ9GHA9BHG=B5::=@=5H9G5

5=BG %CGG9GCB9LH=B;I=G<A9BHC:896H V
+CM5@HM=B7CA9
(H<9F
-CH5@

4444444444
5 ,99'CH9:CF588=H=CB5@=B:CFA5H=CBF9@5H=B;HCCIFF;C"
%%XF;C"Y5B8/C@?GK5;9B X/0YHF5BG57H=CB

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'&%&" #!&'"!
.B89FCIF%CB;-9FA"B79BH=J9)@5BG
K9A5M=GGI9F9GHF=7H98GHC7?IB=HGX+,.GY
F9GHF=7H98GHC7?G<5F9GX+,,GY

5B8GHC7?CDH=CBG+,.G5B8+,,G7CBG=GHC:H=A965G985B8D9F:CFA5B7965G985K5F8G-<9BIA69FC:G<5F9GH<5H
A5M69;F5BH98=B5BMM95F=G@=A=H98HCC:CIF=GGI985B8CIHGH5B8=B;CAACB,HC7?5GC:979A69FC:H<9DF=CF
75@9B85FM95F-<9@=A=HA5M69=B7F95G98IDHC=B5BMM95F
K=H<57CFF9GDCB8=B;F98I7H=CB=BG<5F9G5J5=@56@9:CF
;F5BHG=B:IHIF9M95FG F5BH98+,.G;9B9F5@@M7@=::J9GHCFF5H56@MJ9GHCJ9F5H<F99M95FG9FJ=79D9F=C8)9F:CFA5B79
65G98+,.G<5J9HKC7CADCB9BHGCB965G98CB=BH9FB5@:=B5B7=5@D9F:CFA5B79A9HF=7G
5B8H<9CH<9F65G98CBHCH5@
G<5F9<C@89FF9HIFBF9@5H=J9HC5B=B8IGHF=5@5B85IHCACH=J9D99F;FCIDHH<9H=A9C:J9GH
+,.5K5F8G5F9B9HG9HH@98
=9
G<5F9G5F9K=H<<9@8HC7CJ9FH<99AD@CM99H5LC6@=;5H=CB,HC7?CDH=CBGF5H56@MJ9GHCJ9F5H<F99M95FG9FJ=79
D9F=C85B89LD=F9H9BM95FG:FCAH<9;F5BH85H9
-<9:5=FJ5@I9C:6CH<H<9H=A965G985B8H<9=BH9FB5@D9F:CFA5B79A9HF=7GDCFH=CBC:H<9D9F:CFA5B7965G98+,.G

5B8+,,G=G89H9FA=B98IG=B;H<97@CG=B;DF=79C:CIFCAACB,HC7?5H;F5BH85H9-<9K9=;<H985J9F5;9D9FIB=H;F5BH
85H9:5=FJ5@I9:CFH<9M95FG9B898979A69F

5B8K5G

5B8
F9GD97H=J9@M
-<9:5=FJ5@I9C:H=A965G98+,.G
+,,G
5B8GHC7?CDH=CBG=G9LD9BG98CJ9FH<9G<CFH9FC:H<9J9GH=B;D9F=C8
IG=B;
H<9;F5898J9GH=B;A9H<C8
CFH<9H=A9D9F=C85B9AD@CM99697CA9G9@=;=6@9HCF9H5=BH<95K5F85HF9H=F9A9BH-<9:5=F
J5@I9C:D9F:CFA5B7965G98+,.G5B8+,,G=G9LD9BG98K<9B=H=GDFC656@95B89GH=A56@95GA95GIF985;5=BGHH<9
D9F:CFA5B79A9HF=7GCJ9FH<9G<CFH9FC:H<9D9F:CFA5B79CFF9EI=F98G9FJ=79D9F=C8G09A95GIF9H<9:5=FJ5@I9C:CIF
GHC7?CDH=CBGCBH<985H9C:;F5BHIG=B;9=H<9FH<9@57?,7<C@9GCDH=CBDF=7=B;AC89@:CFCDH=CBGK=H<CIH5A5F?9H
7CB8=H=CBCF5&CBH95F@CG=AI@5H=CB:CFCDH=CBGK=H<5A5F?9H7CB8=H=CB09<5J99@97H98HCF97C;B=N9:CF:9=HIF9G5G
5B58>IGHA9BHHC7CAD9BG5H=CB9LD9BG9:CF5@@+,.G
+,,G
5B8GHC7?CDH=CBG=BH<9G5A9D9F=C85GH<9:CF:9=HIF9G
C77IFLD9BG9=GF97CF898=B&077492,/8494>?=,?4A0,9/:?30=0C;09>0>
%1?@>5/@10&@;/7(:5@?-:0%1?@>5/@10&@;/7&4->1?
-<9:5=FJ5@I9C:J9GH98+,.G5B8+,,G5GK9@@5GH<97CAD9BG5H=CB7CGH:CFH<9M95FG9B898979A69FK9F95G
:C@@CKG=BA=@@=CBG

5=FJ5@I9C:J9GH98G<5F9G
CAD9BG5H=CB7CGH5
4444444444
5 '9HC:H5L69B9:=HC:A=@@=CB
A=@@=CB
5B8A=@@=CB=B

5B8
F9GD97H=J9@M
GC:979A69F

H<9F9K5G5DDFCL=A5H9@MA=@@=CB=BIBF97C;B=N987CAD9BG5H=CB7CGHF9@5H98HCBCB
J9GH98+,.G5B8+,,G-<=G9LD9BG9K=@@69F97C;B=N98CJ9F5K9=;<H985J9F5;9D9F=C8C:M95FG
-<9D9F:CFA5B7965G98+,.G;F5BH98=B&5F7<

5B8=B7@I895F9@5H=J9-CH5@,<5F9<C@89F+9HIFB
X-,+YA9HF=7099GH=A5H9H<9:5=FJ5@I9C:H<9-,+7CADCB9BHC:H<9D9F:CFA5B7965G98+,.GIG=B;5&CBH95F@C
G=AI@5H=CB"BDIHG5B85GGIADH=CBGIG98HC75@7I@5H9H<9:5=FJ5@I95H;F5BH85H9K9F95G:C@@CKG

5=FJ5@I9D9FGHC7?5K5F8
F5BH85H9GHC7?DF=79
??A9<@5;:?
CF8WGGHC7?DF=799LD97H98JC@5H=@=HM5
LD97H985J9F5;9JC@5H=@=HMC:D99F7CAD5B=9G5
+=G?:F99=BH9F9GHF5H9
4444444444
5 LD97H98JC@5H=@=HM65G98CBH<F99M95FGC:85=@M7@CG=B;G<5F9DF=797<5B;9G9B8=B;CBH<9;F5BH85H9

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'&%&" #!&'"!-,2',3#"
IF=B;
57H=J=HM:CF+,.G5B8+,,GK5G5G:C@@CKG=BA=@@=CBG
9L79DH:CFK9=;<H985J9F5;9:5=FJ5@I9
*1534@10
B1>-31
&4->1? -5>)-8A1
(IHGH5B8=B;
69;=BB=B;C:M95F
F5BH985
/9GH985
CF:9=H98
(IHGH5B8=B;
9B8C:M95F6
4444444444
5 "B7@I89GG<5F9G5K5F898HCBCB9AD@CM998=F97HCFG
6 L7@I89G

BCB9AD@CM998=F97HCFG<5F9GH<5HK9F9J9GH98
6IHIB=GGI985H979A69F

&@;/7"<@5;:?
IF=B;
A=@@=CBGHC7?CDH=CBGK9F9=GGI98HCCIF9AD@CM99GK=H<5K9=;<H985J9F5;9;F5BH85H9:5=FJ5@I9C:
-<9CDH=CBG;F5BH98=B7CBH5=B5D9F:CFA5B797CB8=H=CBH=98HCCAD5BMGHC7?DF=795B8K9F9J5@I98IG=B;5
&CBH95F@CG=AI@5H=CB5GGIA=B;58=J=89B8M=9@8
5JC@5H=@=HMF5H9C:
5F=G?:F99=BH9F9GHF5H9C:
5B85B
9LD97H98H9FAC:H9BM95FG
CFH<9M95FG9B898979A69F
5B8
GHC7?CDH=CBGCIHGH5B8=B;K9F9A=@@=CB5B8A=@@=CB

F9GD97H=J9@M
5B8GHC7?CDH=CBG9L9F7=G56@9K9F9A=@@=CB5B8A=@@=CB
F9GD97H=J9@MCFH<9M95F9B898
979A69F

H<9=BHF=BG=7J5@I9:CFJ9GH985B8IBJ9GH98GHC7?CDH=CBGK5GA=@@=CB5B8A=@@=CB

F9GD97H=J9@M-<95J9F5;9F9A5=B=B;H9FAG:CF:I@@MJ9GH98GHC7?CDH=CBG5B8IBJ9GH98GHC7?CDH=CBGK9F9M95FG5B8
M95FG
F9GD97H=J9@MCAD9BG5H=CB7CGH:CFGHC7?CDH=CBG:CFH<9M95F9B898979A69F
K5GA=@@=CB
B9H
C:5H5L69B9:=HC:A=@@=CBGC:979A69F

H<9F9K5G5DDFCL=A5H9@MA=@@=CB=BIBF97C;B=N98
7CAD9BG5H=CB7CGHF9@5H98HCBCBJ9GH98GHC7?CDH=CBG
!"'!" '+&
09F97C;B=N9=B7CA9H5LF9@5H98D9B5@H=9G=B#=:A4>4:91:=09014?1=:849.:80?,C0>CBCIF7CBGC@=85H98=B7CA9
GH5H9A9BHG09F97C;B=N9=B7CA9H5LF9@5H98=BH9F9GH=B7CA95B8=BH9F9GH9LD9BG9=B"?30=49.:807:>>90?CBCIF
7CBGC@=85H98=B7CA9GH5H9A9BHG
09577CIBH:CF.,H5LCB;@C65@=BH5B;=6@9@CKH5L98=B7CA9=BH<9D9F=C8=B7IFF98
)-8A-@5;:;2121>>10'-D??1@?-:05-.585@51?
9:9FF98H5L5GG9HG5B8@=56=@=H=9G5F9F97C;B=N9865G98CBH<9:IHIF9H5L7CBG9EI9B79G5HHF=6IH56@9HCH9ADCF5FM
8=::9F9B79GH<5H9L=GH69HK99BH<9:=B5B7=5@GH5H9A9BH75FFM=B;J5@I9C:5GG9HG5B8@=56=@=H=9G5B8H<9=FF9GD97H=J9H5L
65G9G
5B8CD9F5H=B;@CGG5B8H5L7F98=H75FFM:CFK5F8GCB5H5L=B;>IF=G8=7H=CB65G=G09A95GIF989:9FF98H5L5GG9HG5B8
@=56=@=H=9GIG=B;9B57H98H5LF5H9GH<5HK=@@5DD@M=BH<9M95FG=BK<=7<K99LD97HH<9H9ADCF5FM8=::9F9B79GHC69F97CJ9F98
CFD5=8
(IF577CIBH=B;:CF89:9FF98H5L7CBG9EI9B79GF9DF9G9BHGCIF69GH9GH=A5H9C:H<9@=?9@M:IHIF9H5L7CBG9EI9B79GC:
9J9BHGH<5H<5J9699BF97C;B=N98CBCIF7CBGC@=85H98:=B5B7=5@GH5H9A9BHGCFH5LF9HIFBG5B8H<9=F:IHIF9DFC656=@=HM"B
5GG9GG=B;H<9B998:CF5J5@I5H=CB5@@CK5B79
K97CBG=89F6CH<DCG=H=J95B8B9;5H=J99J=89B79F9@5H98HCH<9@=?9@=<CC8C:
F95@=N5H=CBC:H<989:9FF98H5L5GG9HG":
65G98CBH<9K9=;<HC:5J5=@56@99J=89B79
=H=GACF9@=?9@MH<5BBCHH<5HH<9
89:9FF98H5L5GG9HGK=@@BCH69F95@=N98
K9F97CF85J5@I5H=CB5@@CK5B79

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'!" '+&-,2',3#"
;9<;:1:@?;2:/;91'-D1?
CADCB9BHGC:=B7CA9H5L9G9L7@I8=B;7IAI@5H=J99::97HGC:7<5B;9G=B577CIBH=B;DF=B7=D@9G
CH<9F7CADF9<9BG=J9
=B7CA9
5B89EI=HM=BB9HF9GI@HGC:5::=@=5H987CAD5B=9G577CIBH98:CF5:H9FH5L
:CFH<9M95FG9B898979A69FK9F9
5G:C@@CKG

:/;91;??.12;>15:/;91@-D1?5:95885;:?
.,

'CB.,

-CH5@

#>;B5?5;:2;>1:125@2>;95:/;91@-D1?5:95885;:?
IFF9BH
989F5@
'CB.,
,H5H95B8@C75@
-CH5@7IFF9BH
9:9FF98
989F5@

'CB.,
,H5H95B8@C75@
-CH5@89:9FF98

-CH5@
%1/;:/585-@5;:;21221/@5B1@-D>-@1
.,GH5HIHCFMF5H9
'CB.,H5LF5H9GIB89F.,F5H9G
,H5H95B8@C75@=B7CA9H5L9G
9B9F5@6IG=B9GG7F98=HG
=GDCG=H=CBG5B8F9GHFI7HIF=B;G
.,H5LCBBCB.,95FB=B;G
)F=CFM95FG9HH@9A9BHG5B87@5=AG
-5L=B79BH=J9G V
B57H987<5B;9=BH5L@5KG
/5@I5H=CB5@@CK5B79G
(H<9F
::97H=J9F5H9
(B979A69F

H<9-5LIHG5B8#C6G7H!+K5GG=;B98=BHC@5K-<=G57H=B7@I89G
5ACB;CH<9F
=H9AG
5D9FA5B9BHF98I7H=CBHCH<9.,7CFDCF5H9=B7CA9H5LF5H9:FCAHC9::97H=J9#5BI5FM

5B8
F9EI=F9G=AA98=5H9H5L5H=CBC:577IAI@5H98
IBF9A=HH98BCB.,95FB=B;GCFH<9M95F9B898979A69F

CIF
H5LDFCJ=G=CB=B7@I89G588=H=CB5@9LD9BG9C:A=@@=CBF9@5H98HCH<9=AD57HC:H<957H5B8GI6G9EI9BH@M=GGI98-F95GIFM
F9;I@5H=CBGCBCIF;@C65@CD9F5H=CBG
IF=B;
65G98CB5@@5J5=@56@99J=89B79
K99GH56@=G<98.,J5@I5H=CB5@@CK5B79GC:6=@@=CB
DF=A5F=@M
5;5=BGHH5L7F98=HG
5G=H=GACF9@=?9@MH<5BBCHH<5HH<9G989:9FF98H5L5GG9HGK=@@BCH69F95@=N98"B5GG9GG=B;H<9
F95@=N56=@=HMC:89:9FF98H5L5GG9HG
K97CBG=89FH<9HF589C::G69HK99B75G<DF9G9FJ5H=CB5B875G<CIH@5MGHCDF9G9FJ9H5L
7F98=HG
H979A69F

6=@@=CBC:BCB.,95FB=B;G5F97CBG=89F98=B89:=B=H9@MF9=BJ9GH98=BCD9F5H=CBGCIHG=89
H<9.B=H98,H5H9G
:CFK<=7<89:9FF98H5L9G<5J9BCH699BDFCJ=898*I5BH=:=75H=CBC:H<989:9FF98H5L@=56=@=HM
=:5BM

5GGC7=5H98K=H<=B89:=B=H9@MF9=BJ9GH9865G=G8=::9F9B79G=GBCHDF57H=756@9

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'!" '+&-,2',3#"
;9<;:1:@?;2121>>10'-D??1@?-:05-.585@51?
-<97CADCB9BHGC:89:9FF98H5L5GG9HG5B8@=56=@=H=9G5H979A69FK9F95G:C@@CKG=BA=@@=CBG

121>>10@-D-??1@?
AD@CM9969B9:=HD@5BG

'9HCD9F5H=B;@CGG75FFM:CFK5F8G

-5L7F98=H75FFM:CFK5F8G

+9G95F7<9LD9B8=HIF9G

95@9F5B8895@9FGW7IGHCA9F5@@CK5B79G5B87@5=AG

(H<9F:CF9=;B89:9FF98H5L5GG9HG
@@CH<9F

-CH5@;FCGG89:9FF98H5L5GG9HG

%9GG/5@I5H=CB5@@CK5B79G

';@-8:1@0121>>10@-D-??1@?

121>>10@-D85-.585@51?
%95G=B;HF5BG57H=CBG

9DF97=5H=CB5B85ACFH=N5H=CB9L7@I8=B;@95G=B;HF5BG57H=CBG

=B5B79F979=J56@9G
(H<9F:CF9=;B89:9FF98H5L@=56=@=H=9G
@@CH<9F

';@-80121>>10@-D85-.585@51?

!1@0121>>10@-D-??1@?85-.585@51?

9:9FF98H5L5GG9HG:CFB9HCD9F5H=B;@CGG9G5B8CH<9FH9ADCF5FM8=::9F9B79GF9@5H98HC79FH5=BBCB.,CD9F5H=CBG
<5J9BCH699BF97CF8985G5F9GI@HC:9@97H=CBGHCH5LH<9G9CD9F5H=CBGG=AI@H5B9CIG@M=B.,H5LF9HIFBG+9J9FG5@C:
H<9G99@97H=CBGKCI@8F9GI@H=BH<9F97C;B=H=CBC:6=@@=CBC:89:9FF98H5L5GG9HG
GI6>97HHCJ5@I5H=CB5@@CK5B79
H9GH=B;
(D9F5H=B;@CGG75FFM:CFK5F8G:CFH5LDIFDCG9GK9F96=@@=CB5H979A69F

F9GI@H=B;=B589:9FF98H5L
5GG9HC:6=@@=CB-<9F9=GBC9LD=F5H=CB85H9:CF6=@@=CBC:H<9G9@CGG9GGI6GH5BH=5@DCFH=CBC:H<9F9A5=B=B;
@CGG9GK=@@9LD=F969MCB8-5L7F98=HG5J5=@56@9HCC::G9H:IHIF9H5L@=56=@=H=9G5F96=@@=CBDDFCL=A5H9@M<5@:C:
H<9G97F98=HG<5J95F9A5=B=B;75FFM:CFK5F8D9F=C8C:G=LM95FGCFACF9-5L69B9:=HGC:CD9F5H=B;@CGG5B8H5L7F98=H
75FFM:CFK5F8G5F99J5@I5H98CB5BCB;C=B;65G=G
=B7@I8=B;5F9J=9KC:<=GHCF=75@5B8DFC>97H98:IHIF9CD9F5H=B;F9GI@HG

H<99@=;=6@975FFM:CFK5F8D9F=C8
5B85J5=@56@9H5LD@5BB=B;GHF5H9;=9G"BCIF9J5@I5H=CB
K95BH=7=D5H9A5?=B;H5L
9@97H=CBGH<5H7<5B;9H<9CF89FC:H5L7F98=H75FFM:CFK5F8IH=@=N5H=CBCB.,H5LF9HIFBG

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'!" '+&-,2',3#"
"@41>
F97CB7=@=5H=CBC:H<969;=BB=B;5B89B8=B;5ACIBHC:IBF97C;B=N98H5L69B9:=HG:CFH<9M95FG9B898979A69F
K9F95G:C@@CKG=BA=@@=CBG

9;=BB=B;65@5B79

"B7F95G9UH5LDCG=H=CBG=BDF=CFD9F=C8G
"B7F95G9UH5LDCG=H=CBG=B7IFF9BHD9F=C8
97F95G9UH5LDCG=H=CBG=BDF=CFD9F=C8G
,9HH@9A9BHG
%5DG9C:GH5HIH9C:@=A=H5H=CBG V V
CF9=;B7IFF9B7MHF5BG@5H=CB58>IGHA9BH V
B8=B;65@5B79

-<95ACIBHC:IBF97C;B=N98H5L69B9:=HGH<5HKCI@85::97HH<99::97H=J9H5LF5H9=:F97C;B=N98K5G6=@@=CB5H
979A69F
5B8
L5A=B5H=CBG6MH5L5IH<CF=H=9G<5J9699B7CAD@9H98H<FCI;<=B 9FA5BM
=B5B585
=BH<9.B=H98
,H5H9G5B8H<9.B=H98$=B;8CA
5B8=B<=B5@H<CI;<9L5A=B5H=CBG<5J9699B7CAD@9H98=BH<9G9>IF=G8=7H=CBG

@=A=H98HF5BG:9FDF=7=B;8=GDIH9G9L=GH:CFM95FG85H=B;657?HC
'9H=BH9F9GHCB=B7CA9H5L9GK5GA=@@=CBC:=B7CA9
A=@@=CBC:9LD9BG9
5B8A=@@=CBC:9LD9BG9:CFH<9
M95FG9B898979A69F

5B8
F9GD97H=J9@M-<9G9K9F9F9DCFH98=B"?30=49.:807:>>90?=BCIF
7CBGC@=85H98=B7CA9GH5H9A9BHG'9HD5M56@9G:CFH5LF9@5H98=BH9F9GHK9F9A=@@=CB5B8A=@@=CB5GC:
979A69F
5B8
F9GD97H=J9@M
5G<D5=8:CF=B7CA9H5L9GK5GA=@@=CB
A=@@=CB
5B8A=@@=CB=B

5B8
F9GD97H=J9@M

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'#'&'"!%!!&"&&#%&%
@@;9B9F5@JCH=B;DCK9F=GJ9GH98=BH<9<C@89FGC:CAACB,HC7?5B8@5GG,HC7?!C@89FGC:CIFCAACB,HC7?
<5J9C:H<9;9B9F5@JCH=B;DCK9F5B8<C@89FGC:CIF@5GG,HC7?5F99BH=H@98HCGI7<BIA69FC:JCH9GD9FG<5F95G
K=@@;=J9H<9AH<9F9A5=B=B;,<5F9GC:CAACB,HC7?5B8@5GG,HC7?G<5F99EI5@@M=B8=J=89B8GK<9B5B85G
D5=8
K=H<GHC7?8=J=89B8GD5M56@9=BG<5F9GC:GHC7?C:H<97@5GG<9@8
":@=EI=85H98
957<G<5F9C:CAACB,HC7?=G9BH=H@98HCH<9:=FGH5J5=@56@9:CF8=GHF=6IH=CBHC<C@89FGC:CAACB
,HC7?5B8@5GG,HC7?
957<G<5F9C:@5GG,HC7?=G9BH=H@98HCH<9B9LHGC5J5=@56@9
957<G<5F9C:CAACB
,HC7?=G9BH=H@98HCH<9B9LHGC5J5=@56@9
5B8957<G<5F9C:CAACB5B8@5GG,HC7?=G9BH=H@98HC5B9EI5@
5ACIBHH<9F95:H9F
09DF9G9BH6CH<65G=75B88=@IH9895FB=B;G @CGGD9FG<5F9X),Y5ACIBHG=BCIF:=B5B7=5@F9DCFH=B;5G=7),

9L7@I89G8=@IH=CB5B8=G7CADIH986M8=J=8=B;!0?49.:807:>>,??=4-@?,-70?::=/ :?:=:8;,9D6MH<9K9=;<H98
5J9F5;9BIA69FC:CAACB5B8@5GG,HC7?CIHGH5B8=B;:CFH<9D9F=C8=@IH98),F9:@97HGH<9A5L=AIADCH9BH=5@
8=@IH=CBH<5H7CI@8C77IF:FCACIFG<5F965G987CAD9BG5H=CB
=B7@I8=B;X=BH<9ACB9MYGHC7?CDH=CBG
IBJ9GH98+,.G
5B8
IBJ9GH98+,,G)CH9BH=5@@M8=@IH=J9G<5F9G5F99L7@I898:FCAH<975@7I@5H=CB=:H<9M<5J95B5BH=8=@IH=J99::97H=BH<9
D9F=C8
->:5:3?;??#1>&4->1@@>5.A@-.81@;;>0 ;@;>;9<-:E;99;:-:08-??&@;/7
5G=75B88=@IH98=B7CA9 @CGGD9FG<5F9K9F975@7I@5H98IG=B;H<9:C@@CK=B;=BA=@@=CBG

-?5/-:058A@10:/;91;??@@>5.A@-.81@;;>0 ;@;>;9<-:E
5G=7=B7CA9 @CGG

=@IH98=B7CA9 @CGG

-?5/-:058A@10&4->1?
5G=7G<5F9G5J9F5;9G<5F9GCIHGH5B8=B;

'9H8=@IH=J9CDH=CBG
5B8IBJ9GH98F9GHF=7H98GHC7?G<5F9G5 V
=@IH98G<5F9G

4444444444
5"B
H<9F9K9F9A=@@=CBG<5F9G9L7@I898:FCAH<975@7I@5H=CBC:8=@IH9895FB=B;G @CGGD9FG<5F9
8I9HCH<9=F5BH=8=@IH=J99::97H

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'&&$()!'&! %'&(%'&
-<9:5=FJ5@I9GC:75G<
75G<9EI=J5@9BHG
5B8A5F?9H56@9G97IF=H=9GA95GIF985H:5=FJ5@I9CB5F97IFF=B;65G=GK9F9
5G:C@@CKG=BA=@@=CBG
1/19.1>

-5>)-8A1
1B18 A@;9;@5B1 ;.585@E ;>0>105@ ;:?;850-@10
-?4-:0/-?41=A5B-81:@?
.,;CJ9FBA9BH V V
.,;CJ9FBA9BH5;9B7=9G V V
'CB.,;CJ9FBA9BH5B85;9B7=9G V
CFDCF5H9896H V

-CH5@A5F?9H56@9G97IF=H=9G7@5GG=:=985G75G<9EI=J5@9BHG
V

5G<
H=A989DCG=HG
5B8ACB9MA5F?9H:IB8G

-CH5@75G<5B875G<9EI=J5@9BHG

->71@-.81?1/A>5@51?
.,;CJ9FBA9BH
V

.,;CJ9FBA9BH5;9B7=9G
V

'CB.,;CJ9FBA9BH5B85;9B7=9G
V

CFDCF5H9896H
V

EI=H=9G5 V V
(H<9FA5F?9H56@9G97IF=H=9G V
-CH5@A5F?9H56@9G97IF=H=9G
V

%1?@>5/@10/-?4
-?4/-?41=A5B-81:@?-:0>1?@>5/@10/-?45:41802;>
?-81-??1@? V V
1/19.1>

-5>)-8A1
1B18 A@;9;@5B1 ;.585@E ;>0>105@ ;:?;850-@10
-?4-:0/-?41=A5B-81:@?
.,;CJ9FBA9BH
V

.,;CJ9FBA9BH5;9B7=9G V


CFDCF5H9896H V

-CH5@A5F?9H56@9G97IF=H=9G7@5GG=:=985G75G<9EI=J5@9BHG
V

5G<
H=A989DCG=HG
5B8ACB9MA5F?9H:IB8G

-CH5@75G<5B875G<9EI=J5@9BHG

->71@-.81?1/A>5@51?
.,;CJ9FBA9BH
V

V

V

CFDCF5H9896H
V

EI=H=9G5 V V
-CH5@A5F?9H56@9G97IF=H=9G
V

%1?@>5/@10/-?4
-?4/-?41=A5B-81:@?-:0>1?@>5/@10/-?45:41802;>
?-81-??1@? V V V V
4444444444
5 '9HIBF95@=N98;5=BG @CGG9G=B7IFF988IF=B;H<9F9DCFH=B;D9F=C8GCB9EI=HMG97IF=H=9GGH=@@<9@85H979A69F
5B8K9F95A=@@=CB
@CGG5B85A=@@=CB;5=B
F9GD97H=J9@M

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'&&$()!'&! %'&(%'&-,2',3#"
-<975G<9EI=J5@9BHG5B8A5F?9H56@9G97IF=H=9G577CIBH98:CF5G5J5=@56@9:CFG5@9X,YG97IF=H=9GK9F95G:C@@CKG

=BA=@@=CBG
1/19.1>

-5>)-8A1;2&1/A>5@51?C5@4
;:@>-/@A-8 -@A>5@51?
>;?? >;?? 2@1>
,1->
9;>@5F10 (:>1-85F10 (:>1-85F10 *5@45:
@4>;A34 2@1>
;?@ -5:? ;??1? -5>)-8A1 ,1-> ,1->? ,1->?
A@;9;@5B1
.,;CJ9FBA9BH



V
CFDCF5H9896H
V

V
(H<9FA5F?9H56@9G97IF=H=9G V V
-CH5@

1/19.1>

-5>)-8A1;2&1/A>5@51?C5@4
;:@>-/@A-8 -@A>5@51?
>;?? >;?? 2@1>
,1->
9;>@5F10 (:>1-85F10 (:>1-85F10 *5@45:
@4>;A34 2@1>
;?@ -5:? ;??1? -5>)-8A1 ,1-> ,1->? ,1->?
A@;9;@5B1
.,;CJ9FBA9BH
V

V

V

CFDCF5H9896H

-CH5@

,5@9GDFC7998G5B8;FCGGF95@=N98;5=BG @CGG9G:FCAH<9G5@9C:,G97IF=H=9G:CFH<9M95FG9B898979A69F

A@;9;@5B1
,5@9GDFC7998G

FCGGF95@=N98;5=BG
FCGGF95@=N98@CGG9G

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'&&$()!'&! %'&(%'&-,2',3#"
-<9DF9G9BH:5=FJ5@I9G5B8;FCGGIBF95@=N98@CGG9G:CF75G<9EI=J5@9BHG5B8A5F?9H56@9G97IF=H=9G577CIBH98:CF5G
,G97IF=H=9GH<5HK9F9=B5BIBF95@=N98@CGGDCG=H=CB
5;;F9;5H986M=BJ9GHA9BH75H9;CFM5B8H<9@9B;H<C:H=A9H<5H
=B8=J=8I5@G97IF=H=9G<5J9699B=B57CBH=BICIG@CGGDCG=H=CB
1/19.1>

1??@4-:
,1->
,1->;>>1-@1> ';@-8
(:>1-85F10 (:>1-85F10 (:>1-85F10
-5>)-8A1 ;??1? -5>)-8A1 ;??1? -5>)-8A1 ;??1?

A@;9;@5B1
.,;CJ9FBA9BH V
.,;CJ9FBA9BH5;9B7=9G V
CFDCF5H9896H V V V
(H<9FA5F?9H56@9G97IF=H=9G V V V
-CH5@

1/19.1>

1??@4-:
,1->
,1->;>>1-@1> ';@-8
(:>1-85F10 (:>1-85F10 (:>1-85F10
-5>)-8A1 ;??1? -5>)-8A1 ;??1? -5>)-8A1 ;??1?
A@;9;@5B1
.,;CJ9FBA9BH V V V V
.,;CJ9FBA9BH5;9B7=9G V V V V
'CB.,;CJ9FBA9BH5B85;9B7=9G V V V
CFDCF5H9896H
V

(H<9FA5F?9H56@9G97IF=H=9G V V V
-CH5@
V

0989H9FA=B97F98=H@CGG9GCB,896HG97IF=H=9GIG=B;H<9GD97=:=7=89BH=:=75H=CBA9H<C8IF=B;H<9M95FG9B898
979A69F

5B8
K98=8BCHF97C;B=N95BM7F98=H@CGG-<9IBF95@=N98@CGG9GCBG97IF=H=9G5F98I9HC
7<5B;9G=B=BH9F9GHF5H9G5B8A5F?9H@=EI=8=HM
-?4-?4=A5B-81:@?-:0%1?@>5/@10-?4
5G<
75G<9EI=J5@9BHG
5B8F9GHF=7H9875G<5GF9DCFH98=BH<97CBGC@=85H98GH5H9A9BHGC:75G<:@CKGK9F95G:C@@CKG
=BA=@@=CBG
1/19.1>
1/19.1>


+9GHF=7H9875G<5
5G<
75G<9EI=J5@9BHG
5B8F9GHF=7H9875G<=B<9@8:CFG5@95GG9HG V
';@-8/-?4/-?41=A5B-81:@?-:0>1?@>5/@10/-?4

4444444444
5 "B7@I898=B"?30=,>>0?>=BH<9BCB7IFF9BH5GG9HGG97H=CBC:CIF7CBGC@=85H9865@5B79G<99HG

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'
"%%'!!%)&!"*!"%%'"&&&
CF8F98=HA5B5;9G:=B5B79F979=J56@9G5GX7CBGIA9FY5B8XBCB7CBGIA9FYDCFH:C@=CG-<9F979=J56@9G5F9

;9B9F5@@MG97IF986MH<9J9<=7@9G
=BJ9BHCFM
CFCH<9FDFCD9FHM69=B;:=B5B798
:9>@80=#:=?1:74:+979=J56@9G=BH<=GDCFH:C@=C=B7@I89DFC8I7HGC::9F98HC=B8=J=8I5@G5B86IG=B9GG9GH<5H:=B5B79
H<957EI=G=H=CBC:CF85B8%=B7C@BJ9<=7@9G:FCA895@9FG:CFD9FGCB5@CF7CAA9F7=5@IG9+9H5=@:=B5B7=B;=B7@I89GF9H5=@
=BGH5@@A9BH7CBHF57HG:CFB9K5B8IG98J9<=7@9G5B8:=B5B79@95G9GK=H<F9H5=@7IGHCA9FG
;CJ9FBA9BH9BH=H=9G
85=@MF9BH5@
7CAD5B=9G
5B8:@99H7IGHCA9FG
!:9:9>@80=#:=?1:74:+979=J56@9G=BH<=GDCFH:C@=C=B7@I89DFC8I7HGC::9F98HC5IHCACH=J9895@9FG95@9F
:=B5B7=B;=B7@I89GK<C@9G5@9@C5BGHC895@9FGHC:=B5B79H<9DIF7<5G9C:J9<=7@9=BJ9BHCFM
5@GC?BCKB5G:@CCFD@5B
:=B5B7=B;
5GK9@@5G@C5BGHC895@9FGHC:=B5B79KCF?=B;75D=H5@5B8=ADFCJ9A9BHGHC895@9FG<=D:57=@=H=9G
:=B5B79H<9
DIF7<5G9C:895@9FG<=DF95@9GH5H9
5B8:=B5B79CH<9F895@9FDFC;F5AG0<C@9G5@9:=B5B7=B;=G5DDFCL=A5H9@MC:
895@9F:=B5B7=B;
=B5B79F979=J56@9G5F9F97CF8985HH<9H=A9C:CF=;=B5H=CBCFDIF7<5G95H:5=FJ5@I95B85F9GI6G9EI9BH@MF9DCFH985H
5ACFH=N987CGH
B9HC:5BM5@@CK5B79:CF7F98=H@CGG9G
CF5@@:=B5B79F979=J56@9G
CF8F98=H89:=B9GXD5GH8I9Y5G5BMD5MA9BH
=B7@I8=B;DF=B7=D5@5B8=BH9F9GH
H<5H=G5H
@95GH85MGD5GHH<97CBHF57HI5@8I985H9
5:-:/1%1/15B-.81?8-??525/-@5;:
=B5B79F979=J56@9G5F9577CIBH98:CF5G<9@8:CF=BJ9GHA9BHX!"Y=:CF8F98=H<5GH<9=BH9BH5B856=@=HMHC<C@8
H<9F979=J56@9G:CFH<9:CF9G9956@9:IHIF9CFIBH=@A5HIF=HMCFD5MC::-<989H9FA=B5H=CBC:=BH9BH5B856=@=HMHC<C@8:CFH<9
:CF9G9956@9:IHIF9=G<=;<@M>I8;A9BH5@5B8F9EI=F9GCF8F98=HHCA5?9;CC8:5=H<9GH=A5H9G65G98CB5@@=B:CFA5H=CB
5J5=@56@95HH<9H=A9C:CF=;=B5H=CBCFDIF7<5G9":CF8F98=H8C9GBCH<5J9H<9=BH9BH5B856=@=HMHC<C@8H<9F979=J56@9G

H<9BH<9F979=J56@9G5F97@5GG=:=985G!,
57<EI5FH9F
CF8F98=HA5?9G589H9FA=B5H=CBC:K<9H<9F=H=GDFC656@9H<5H:=B5B79F979=J56@9GCF=;=B5H98CF
DIF7<5G988IF=B;H<9EI5FH9FK=@@69<9@8:CFH<9:CF9G9956@9:IHIF965G98CB<=GHCF=75@F979=J56@9GG5@99LD9F=9B79

=BH9FB5@:CF975GHG5B86I8;9HG
5GK9@@5GCH<9FF9@9J5BH
F9@=56@9=B:CFA5H=CB5J5=@56@9H<FCI;<H<985H9C:9J5@I5H=CBCF
DIFDCG9GC:H<=G89H9FA=B5H=CB
DFC656@9A95BG5H@95GH@=?9@M5B8
7CBG=GH9BHK=H<H<96I8;9H=B;5B8:CF975GH=B;
D9F=C8
H<9:CF9G9956@9:IHIF9A95BGHK9@J9ACBH<GCF8F98=H7@5GG=:=9GF979=J56@9G5G!"CF!,CB5F979=J56@96M
F979=J56@965G=G,D97=:=7F979=J56@9G=B7@I898=BC::65@5B79G<99HG5@9HF5BG57H=CBG5F9;9B9F5@@MBCH=89BH=:=98IBH=@H<9
ACBH<=BK<=7<H<9G5@9C77IFG
07/1:=9A0>?809?=B5B79F979=J56@9G7@5GG=:=985G!"5F9F97CF8985HH<9H=A9C:CF=;=B5H=CBCFDIF7<5G95H:5=F
J5@I95B85F9GI6G9EI9BH@MF9DCFH985H5ACFH=N987CGH
B9HC:5BM5@@CK5B79:CF7F98=H@CGG9G5G<:@CKG:FCA:=B5B79
F979=J56@9G
9L7@I8=B;K<C@9G5@95B8CH<9FF979=J56@9G
H<5HK9F9CF=;=B5@@M7@5GG=:=985G!"5F9F97CF8985G5B=BJ9GH=B;
57H=J=HMG=B79 )F9EI=F9GH<9GH5H9A9BHC:75G<:@CKGDF9G9BH5H=CBHC6965G98CBH<9CF=;=B5@7@5GG=:=75H=CBC:H<9
F979=J56@9G5G<:@CKG:FCAK<C@9G5@95B8CH<9FF979=J56@9G5F9F97CF8985G5BCD9F5H=B;57H=J=HM
07/1:=&,70=B5B79F979=J56@9G7@5GG=:=985G!,5F975FF=985HH<9@CK9FC:7CGHCF:5=FJ5@I95G<:@CKG
F9GI@H=B;:FCAH<9CF=;=B5H=CBCFDIF7<5G95B8G5@9C:!,F979=J56@9G5F9F97CF8985G5BCD9F5H=B;57H=J=HM=B0.=0,>0
9.=0,>049149,9.0=0.04A,-70>B3:70>,70,9/:?30=(B795897=G=CB<5G699BA589HCG9@@F979=J56@9GH<5HK9F9
CF=;=B5@@M7@5GG=:=985G!"
H<9F979=J56@9G5F9F97@5GG=:=985G!,5B875FF=985HH<9@CK9FC:7CGHCF:5=FJ5@I9-<9
J5@I5H=CB58>IGHA9BH
=:5DD@=756@9
=GF97CF898=B"?30=49.:807:>>90?HCF97C;B=N9H<9F979=J56@9G5HH<9@CK9FC:7CGH
CF:5=FJ5@I9
-<9J5@I9C:H<9:=B5B79F979=J56@9G7CBG=89F98!,5H979A69F
K5G6=@@=CB
DF=A5F=@MCFGC'CF8=7
XCFGCYF9@5H98:=B5B79F979=J56@9GC:6=@@=CBH979A69F

H<9F9K9F9A=@@=CBC:79FH5=B
K<C@9G5@9:=B5B79F979=J56@9GGD97=:=75@@M=89BH=:=985G!,-<9G9!,J5@I9G5F9F9DCFH98=B>>0?>307/1:=>,70CB
CIF7CBGC@=85H9865@5B79G<99HG,99'CH9:CF588=H=CB5@=B:CFA5H=CB

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'
"%%'!!%)&!"*!"%%'"&&&-,2',3#"
:=/=0/4?149,9.0=0.04A,-70>90?5H979A69FK9F95G:C@@CKG=BA=@@=CBG

;:?A91>
+9H5=@=BGH5@@A9BH7CBHF57HG
;FCGG

=B5B79@95G9G
;FCGG

+9H5=@:=B5B7=B;
;FCGG

.B95FB98=BH9F9GHGIDD@9A9BHG

CBGIA9F:=B5B79F979=J56@9G

!;:;:?A91>
95@9F:=B5B7=B;

'CBCBGIA9F:=B5B79F979=J56@9G

-CH5@F97CF898=BJ9GHA9BH

+97CF898=BJ9GHA9BH=B:=B5B79F979=J56@9G


-CH5@:=B5B79F979=J56@9G
B9H

IFF9BHDCFH=CB

'CB7IFF9BHDCFH=CB

-CH5@:=B5B79F979=J56@9G
B9H

'9H:=B5B79F979=J56@9GGI6>97HHC:5=FJ5@I95

5=FJ5@I96

4444444444
5 '9H:=B5B79F979=J56@9GGI6>97HHC:5=FJ5@I99L7@I89:=B5B79@95G9G
6 -<9:5=FJ5@I9C::=B5B79F979=J56@9G=G75H9;CF=N98K=H<=B%9J9@C:H<9:5=FJ5@I9<=9F5F7<M
CF8F98=HWG:=B5B79@95G9G5F97CADF=G98C:G5@9GHMD95B88=F97H:=B5B7=B;@95G9G-<9G9:=B5B7=B;G=B7@I89

DF=A5F=@M@95G9D@5BG:CFH9FAGC:HCACBH<G=B5B7=B;F9J9BI9:FCA:=B5B79@95G9G:CFH<9M95FG9B898
979A69F

5B8
K5GA=@@=CB
A=@@=CB
5B8A=@@=CB
F9GD97H=J9@M
5B8=G=B7@I898=B
:=/=0/4?=0A09@0>CBCIF7CBGC@=85H98=B7CA9GH5H9A9BHG
-<95ACIBHG7CBHF57HI5@@M8I9CBCF8F98=HWG:=B5B79@95G9G5H979A69FK9F95G:C@@CKG=BA=@@=CBG

-<9F95:H9F V
-CH5@:IHIF975G<D5MA9BHG

%9GG)F9G9BHJ5@I98=G7CIBH
=B5B79@95G9F979=J56@9G

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'
"%%'!!%)&!"*!"%%'"&&&-,2',3#"
-<9F97CB7=@=5H=CB:FCA:=B5B79@95G9F979=J56@9GHC:=B5B79@95G9G
;FCGG5B8:=B5B79@95G9G
B9H5H979A69F=G
5G:C@@CKG=BA=@@=CBG

=B5B79@95G9F979=J56@9G

.B;I5F5BH998F9G=8I5@5GG9HG

"B=H=5@8=F97H7CGHG
=B5B79@95G9G
;FCGG

.B95FB98=BH9F9GHGIDD@9A9BHG:FCACF85B85::=@=5H987CAD5B=9G
=B5B79@95G9G
B9H

H979A69F
5B8
577FI98=BH9F9GHK5GA=@@=CB5B8A=@@=CB
F9GD97H=J9@M
K<=7<K9F9DCFH=B
"?30=,>>0?>=BH<97IFF9BH5GG9HGG97H=CBC:CIF7CBGC@=85H9865@5B79G<99HG
"B7@I898=BH<9F97CF898=BJ9GHA9BH=B:=B5B79F979=J56@9G5H979A69F
5B8K9F97CBGIA9F
F979=J56@9GC:6=@@=CB5B86=@@=CB
F9GD97H=J9@M
5B8BCB7CBGIA9FF979=J56@9GC:6=@@=CB5B86=@@=CB

F9GD97H=J9@M
H<5H<5J9699BGC@8:CF@9;5@DIFDCG9G=BG97IF=H=N5H=CBHF5BG57H=CBG6IH7CBH=BI9HC69F9DCFH98=BCIF
7CBGC@=85H98:=B5B7=5@GH5H9A9BHG-<9F979=J56@9G5F95J5=@56@9CB@M:CFD5MA9BHC:H<9896H=GGI986M
5B8CH<9F
C6@=;5H=CBGC:
H<9G97IF=H=N5H=CB9BH=H=9GH<5H5F9D5FH=9GHCH<CG9G97IF=H=N5H=CBHF5BG57H=CBGH<9M5F9BCH5J5=@56@9HCD5M
H<9CH<9FC6@=;5H=CBGCFH<97@5=AGC:CF8F98=HWGCH<9F7F98=HCFGCF8F98=H<C@8GH<9F=;<HHCF979=J9H<99L79GG75G<
:@CKGBCHB99898HCD5MH<9896H=GGI986M
H<9G97IF=H=N5H=CB9BH=H=9GH<5H5F9D5FH=9GHCH<CG9
G97IF=H=N5H=CBHF5BG57H=CBGG99'CH9
>105@$A-85@E
:9>@80=#:=?1:74:
0<9BCF=;=B5H=B;7CBGIA9FF979=J56@9G
CF8F98=HIG9G5DFCDF=9H5FMG7CF=B;GMGH9AH<5HA95GIF9G7F98=HEI5@=HM
IG=B;=B:CFA5H=CB=BH<97F98=H5DD@=75H=CB
DFCDCG987CBHF57HH9FAG
7F98=H6IF95I85H5
5B8CH<9F=B:CFA5H=CB:H9F5
DFCDF=9H5FMF=G?G7CF9=G;9B9F5H98
CF8F98=H897=89GK<9H<9FHCCF=;=B5H957CBHF57HIG=B;5897=G=CBDFC79GG65G98CB
5>I8;A9BH5@9J5@I5H=CBC:H<95DD@=75BH
H<97F98=H5DD@=75H=CB
H<9DFCDCG987CBHF57HH9FAG
7F98=H6IF95I=B:CFA5H=CB
9;
"(G7CF9
DFCDF=9H5FMF=G?G7CF9
5B8CH<9F=B:CFA5H=CB-<99J5@I5H=CB9AD<5G=N9GH<95DD@=75BHWG56=@=HMHCD5M
5B87F98=HKCFH<=B9GG:C7IG=B;CBD5MA9BH
5::CF856=@=HM
5DD@=75BH7F98=H<=GHCFM
5B8GH56=@=HM5G?9M7CBG=89F5H=CBG
:H9FCF=;=B5H=CB
CF8F98=HF9J=9KGH<97F98=HEI5@=HMC:F9H5=@:=B5B7=B;65G98CB7IGHCA9FD5MA9BH57H=J=HMG957<
7IGHCA9F89J9@CDG5D5MA9BH<=GHCFM
5B=BH9FB5@@M89J9@CD9869<5J=CF5@G7CF=B;AC89@=GIG98HC5GG=GH=B89H9FA=B=B;
H<969GH7C@@97H=CBGHF5H9;=9G
K<=7<5@@CKGCF8F98=HHC:C7IG7C@@97H=CB57H=J=HMCB<=;<9FF=G?577CIBHG-<9G9AC89@G
5F9IG98HCF9:=B9CF8F98=HWGF=G?65G98GH5::=B;AC89@HC9BGIF97C@@97H=CBF9GCIF79G5F95@=;B98K=H<DCFH:C@=CF=G?
5G98CB85H5:FCAH<=GG7CF=B;AC89@
7CBHF57HG5F975H9;CF=N986M7C@@97H=CBF=G?CF8F98=HWG7C@@97H=CBAC89@G
9J5@I5H9G9J9F5@:57HCFG
=B7@I8=B;CF=;=B5H=CB7<5F57H9F=GH=7G
ID85H987F98=H6IF95I85H5
5B8D5MA9BHD5HH9FBG
F98=HEI5@=HMF5H=B;G:CF7CBGIA9FF979=J56@9G5F965G98CB5;=B;CBGIA9FF979=J56@9G7F98=HEI5@=HMF5H=B;G5F9
5G:C@@CKG
J #,>>U7IFF9BHHC85MGD5GH8I9
J &;0.4,7 09?4:9UHC85MGD5GH8I95B8=B=BH9BG=:=987C@@97H=CBGH5HIG5B8
J &@->?,9/,=/U;F95H9FH<5B85MGD5GH8I95B8:CFK<=7<H<9IB7C@@97H=6@9DCFH=CBC:H<9F979=J56@9G<5G
5@F958M699B7<5F;98C::
5GA95GIF98IG=B;H<9:5=FJ5@I9C:7C@@5H9F5@@9GG7CGHGHCG9@@

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'
"%%'!!%)&!"*!"%%'"&&&-,2',3#"
-<97F98=HEI5@=HM5B5@MG=GC:7CBGIA9FF979=J56@9G5H979A69F
';@-8
;:?A91>
85MGD5GH8I9
85MGD5GH8I9
F95H9FH<5B85MGD5GH8I9
-CH5@D5GH8I9

IFF9BH

-CH5@

-<97F98=HEI5@=HM5B5@MG=GC:7CBGIA9FF979=J56@9G5H979A69F
9;>@5F10;?@-?5?.E">535:-@5;:,1->
#>5;>@;

';@-8
;:?A91>
85MGD5GH8I9
85MGD5GH8I9
F95H9FH<5B85MGD5GH8I9
-CH5@D5GH8I9
IFF9BH

-CH5@

!:9:9>@80=#:=?1:74:
CF8F98=H9LH9B8G7F98=HHC895@9FGDF=A5F=@M=BH<9:CFAC:@=B9GC:7F98=HHCDIF7<5G9B9KCF85B8%=B7C@BJ9<=7@9G
5GK9@@5GIG98J9<=7@9G)5MA9BH=GF9EI=F98K<9BH<9895@9F<5GGC@8H<9J9<=7@957<BCB7CBGIA9F@9B8=B;F9EI9GH
=G9J5@I5H986M7CBG=89F=B;H<96CFFCK9FWG:=B5B7=5@7CB8=H=CB5B8H<9IB89F@M=B;7C@@5H9F5@G97IF=B;H<9@C5BCF8F98=H
IG9G5DFCDF=9H5FMAC89@HC5GG=;B957<895@9F5F=G?F5H=B;-<=GAC89@IG9G<=GHCF=75@895@9FD9F:CFA5B7985H5HC
=89BH=:M?9M:57HCFG56CIH5895@9FH<5H5F97CBG=89F98ACGHG=;B=:=75BH=BDF98=7H=B;5895@9FWG56=@=HMHCA99H=HG:=B5B7=5@
C6@=;5H=CBGCF8F98=H5@GC7CBG=89FGBIA9FCIGCH<9F:=B5B7=5@5B8EI5@=H5H=J9:57HCFGC:H<9895@9FWGCD9F5H=CBG

=B7@I8=B;75D=H5@=N5H=CB5B8@9J9F5;9
@=EI=8=HM5B875G<:@CK
DFC:=H56=@=HM
5B87F98=H<=GHCFMK=H<CF8F98=H5B8CH<9F
7F98=HCFG
95@9FG5F95GG=;B98HCCB9C::CIF;FCIDG577CF8=B;HCF=G?F5H=B;G5G:C@@CKG
Z =:@;UGHFCB;HCGID9F=CF:=B5B7=5@A9HF=7G
Z =:@;U:5=FHC:5JCF56@9:=B5B7=5@A9HF=7G
Z =:@;UA5F;=B5@HCK95?:=B5B7=5@A9HF=7G5B8
Z =:@;)UDCCF:=B5B7=5@A9HF=7G
=B7@I8=B;895@9FG7@5GG=:=985GIB7C@@97H=6@9
CF8F98=H;9B9F5@@MGIGD9B8G7F98=H@=B9G5B89LH9B8GBC:IFH<9F:IB8=B;HC895@9FG7@5GG=:=98=B FCID"/
CF8F98=HF9;I@5F@MF9J=9KGH<9AC89@HC7CB:=FAH<97CBH=BI986IG=B9GGG=;B=:=75B795B8GH5H=GH=75@DF98=7H56=@=HMC:
H<9AC89@5B8A5MA5?9ID85H9GHC=ADFCJ9H<9D9F:CFA5B79C:H<9AC89@"B588=H=CB
CF8F98=HF9;I@5F@M5I8=HG
895@9F=BJ9BHCFM5B8895@9FG5@9GF97CF8GHCJ9F=:MH<5HH<9895@9F=G=BDCGG9GG=CBC:H<9:=B5B798J9<=7@9G5B8=GDFCADH@M
D5M=B;957<F979=J56@9:C@@CK=B;H<9G5@9C:H<9:=B5B798J9<=7@9-<9:F9EI9B7MC:CBG=H9J9<=7@9=BJ9BHCFM5I8=HG
89D9B8GDF=A5F=@MCBH<9895@9FWGF=G?F5H=B;.B89FCF8F98=HWGDC@=7=9G
CBG=H9J9<=7@9=BJ9BHCFM5I8=HGC:@CKF=G?
895@9FG5F97CB8I7H98CB@M5G7=F7IAGH5B79GK5FF5BH(BG=H9J9<=7@9=BJ9BHCFM5I8=HGC:<=;<9FF=G?895@9FG5F9
7CB8I7H98K=H<=B7F95G98:F9EI9B7M65G98DF=A5F=@MCBH<9895@9FWGF=G?F5H=B;
6IH5@GC7CBG=89F=B;H<9F9GI@HGC:
9@97HFCB=7ACB=HCF=B;C:H<9895@9FWGD9F:CFA5B79
=B7@I8=B;85=@MD5MA9BHJ9F=:=75H=CBG5B8ACBH<@M5B5@MG9GC:H<9
895@9FWG:=B5B7=5@GH5H9A9BHG
D5MC::G
5;98=BJ9BHCFM
CJ9F7F98=H@=B9
5B889@=BEI9B7MF9DCFHGCF8F98=HHMD=75@@M
D9F:CFAG57F98=HF9J=9KC:957<895@9F5BBI5@@M5B8ACF9:F9EI9BH@MF9J=9KG79FH5=B895@9FG65G98CBH<9895@9FWGF=G?
F5H=B;5B8HCH5@9LDCGIF9CF8F98=H58>IGHGH<9895@9FWGF=G?F5H=B;
=:B979GG5FM

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'
"%%'!!%)&!"*!"%%'"&&&-,2',3#"
-<97F98=HEI5@=HM5B5@MG=GC:895@9F:=B5B7=B;F979=J56@9G5H979A69F

1-81>25:-:/5:3
FCID"

FCID""

FCID"""

FCID"/
-CH5@5

4444444444
5 -CH5@D5GH8I9895@9F:=B5B7=B;F979=J56@9G5H979A69F
K9F9A=@@=CB
-<97F98=HEI5@=HM5B5@MG=GC:895@9F:=B5B7=B;F979=J56@9G5H979A69F
9;>@5F10;?@-?5?.E">535:-@5;:,1->
1-81>;-:?
#>5;>@; *4;81?-81

';@-8 ;-:? ';@-8
FCID"

FCID""

FCID""" V

FCID"/ V V V
-CH5@5

4444444444
5 -CH5@D5GH8I9895@9F:=B5B7=B;F979=J56@9G5H979A69F
K9F9A=@@=CB
!:9..=@,7:1%0A09@0-<9577FI5@C::=B5B7=B;F9J9BI9=G8=G7CBH=BI985HH<9H=A95F979=J56@9=G89H9FA=B98HC
69IB7C@@97H=6@9CFK<9B=H=G85MGD5GH8I977CIBHGA5M69F9GHCF98HC577FI5@GH5HIGCB@MK<9B57IGHCA9FG9HH@9G
5@@D5GH8I989:=7=9B7M65@5B79G5B8:IHIF9D5MA9BHG5F9F95GCB56@M5GGIF98CFF979=J56@9G=BBCB577FI5@GH5HIG

GI6G9EI9BH:=B5B7=B;F9J9BI9=GF97C;B=N98CB@MHCH<99LH9BH5D5MA9BH=GF979=J98)5MA9BHG5F9;9B9F5@@M5DD@=98
:=FGHHCCIHGH5B8=B;=BH9F9GH5B8H<9BHCH<9IBD5=8DF=B7=D5@65@5B79
'=:@-70/0-?%0>?=@.?@=492H'%IF9GHFI7HIF=B;C:896H7CBGH=HIH9G5-+=:57CB79GG=CB=G;F5BH98HC5896HCF
:CF97CBCA=7CF@9;5@F95GCBGF9@5H98HCH<9896HCFWG:=B5B7=5@8=::=7I@H=9GH<5HCF8F98=HCH<9FK=G9KCI@8BCH7CBG=89F
CBGIA9F5B8BCB7CBGIA9FF979=J56@9GH<5H<5J95AC8=:=98=BH9F9GHF5H969@CKA5F?9HF5H9CFH<5HK9F9AC8=:=98=B
F9CF;5B=N5H=CBDFC7998=B;GDIFGI5BHHCH<9.,5B?FIDH7MC89
9L79DHBCB7CBGIA9FF979=J56@9GH<5H5F97IFF9BHK=H<
A=B=A5@F=G?C:@CGG
5F97CBG=89F98HC69-+GCF8F98=H8C9GBCH;F5BH7CB79GG=CBGCBH<9DF=B7=D5@65@5B79C:H<9
F979=J56@9G":5F979=J56@9=GAC8=:=98=B5F9CF;5B=N5H=CBDFC7998=B;
5@@D5MA9BHF9EI=F9A9BHGC:H<9F9CF;5B=N5H=CB
D@5BB998HC69A9H69:CF9F9A5=B=B;65@5B79G5F9:CF;=J9B
CF8F98=HC::9F98J5F=CIGDFC;F5AGHCDFCJ=89F9@=9:HC7IGHCA9FG=AD57H986M(/"-<9G9DFC;F5AG
K<=7<
K9F96FC58@M5J5=@56@9HC5@@7IGHCA9FG8IF=B;H<9:=FGH<5@:C:
=B7@I898D5MA9BH9LH9BG=CBGCF8F98=H7CB7@I898
H<5HH<9G9DFC;F5AG8=8BCHA99H-+7F=H9F=5GC:979A69F

=BH<9.B=H98,H5H9G
CF8F98=H<5GF979=J98
D5MA9BHGCBB95F@M5@@C:H<9D5B89A=79LH9BG=CBGC::9F98HC=HG7IGHCA9FG-<9JC@IA9C:D5MA9BH9LH9BG=CBG<5G
F9HIFB98HCDF9(/"@9J9@G5B8CF8F98=H7CBH=BI9GHC;F5BHD5MA9BH9LH9BG=CBGHC7IGHCA9FG5B8895@9FGIB89F
=HGBCFA5@6IG=B9GGDF57H=79G

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'
"%%'!!%)&!"*!"%%'"&&&-,2',3#"
88;C-:/12;>>105@;??1?
-<95@@CK5B79:CF7F98=H@CGG9GF9DF9G9BHG5B9GH=A5H9C:H<9@=:9H=A99LD97H987F98=H@CGG9G=B<9F9BH=B:=B5B79
F979=J56@9G5GC:H<965@5B79G<99H85H9-<9589EI57MC:H<95@@CK5B79:CF7F98=H@CGG9G=G5GG9GG98EI5FH9F@M
88=H=CBGHCH<95@@CK5B79:CF7F98=H@CGG9G5F9A5896MF97CF8=B;7<5F;9GHC:=/=0/4?49?0=0>?:;0=,?492,9/
:?30=0C;09>0>CBCIF7CBGC@=85H98=B7CA9GH5H9A9BHG-<9IB7C@@97H=6@9DCFH=CBC:5:=B5B79F979=J56@9=G7<5F;98HC
H<95@@CK5B79:CF7F98=H@CGG9G5HH<995F@=9FC:K<9B5B577CIBH=G899A98HC69IB7C@@97H=6@9CFK<9B5B577CIBH
=G85MG89@=BEI9BH
H5?=B;=BHC7CBG=89F5H=CBH<9:=B5B7=5@7CB8=H=CBC:H<97IGHCA9FCF6CFFCK9F
H<9J5@I9C:H<9
7C@@5H9F5@
F97CIFG9HC;I5F5BHCFG
5B8CH<9F:57HCFG
<5F;9C::GCB:=B5B79F979=J56@9G=B7@I89IB7C@@97H985ACIBHGF9@5H98HCDF=B7=D5@
=BH9F9GH
@5H9:99G
5B8CH<9F
5@@CK56@97<5F;9G+97CJ9F=9GCB:=B5B79F979=J56@9GDF9J=CIG@M7<5F;98C::5GIB7C@@97H=6@95F97F98=H98HCH<9
5@@CK5B79:CF7F98=H@CGG9G"BH<99J9BHCF8F98=HF9DCGG9GG9GH<97C@@5H9F5@
H<9F979=J56@9=G7<5F;98C::5B8H<9
7C@@5H9F5@=GF97CF8985H=HG9GH=A5H98:5=FJ5@I9@9GG7CGHGHCG9@@5B8F9DCFH98=B"?30=,>>0?>CBCIF7CBGC@=85H9865@5B79
G<99HG
:9>@80=#:=?1:74:
CF7CBGIA9FF979=J56@9GH<5HG<5F9G=A=@5FF=G?7<5F57H9F=GH=7GGI7<5GDFC8I7HHMD9
=B=H=5@7F98=HF=G?
H9FA
J=BH5;9

;9C;F5D<M
CF8F98=H9GH=A5H9GH<9@=:9H=A99LD97H987F98=H@CGG5@@CK5B7965G98CB5
7C@@97H=J95GG9GGA9BHIG=B;A95GIF9A9BHAC89@G5B8A5B5;9A9BH>I8;A9BH-<9@=:9H=A99LD97H987F98=H@CGG9G:CFH<9
F979=J56@9G=G89H9FA=B986M5DD@M=B;DFC656=@=HMC:89:5I@H5B8@CGG;=J9B89:5I@H5GGIADH=CBAC89@GHCACBH<@M9LD97H98
9LDCGIF9G
H<9B8=G7CIBH=B;H<9G975G<:@CKGHCDF9G9BHJ5@I9IG=B;H<9F979=J56@9WGCF=;=B5@9::97H=J9=BH9F9GHF5H9CFH<9
7IFF9BH9::97H=J9=BH9F9GHF5H9:CF5J5F=56@9F5H9F979=J56@9)FC656=@=HMC:89:5I@HAC89@G5F989J9@CD98:FCA=BH9FB5@F=G?
G7CF=B;AC89@GH5?=B;=BHC577CIBHH<99LD97H98DFC656=@=HMC:D5MA9BH5B8H=A9HC89:5I@H
58>IGH98:CFA57FC97CBCA=7
CIH@CC?5B8F979BHD9F:CFA5B79-<9AC89@G7CBG=89F:57HCFGGI7<5GF=G?9J5@I5H=CB5HH<9H=A9C:CF=;=B5H=CB
<=GHCF=75@
HF9B8G=B7F98=H@CGG9GK<=7<=B7@I89H<9=AD57HC:-+G
5B8H<97CADCG=H=CB5B8F979BHD9F:CFA5B79C:H<9DF9G9BH
DCFH:C@=C=B7@I8=B;J9<=7@96F5B8
H9FA
F=G?9J5@I5H=CB
5B8B9K IG98J9<=7@9G-<9@CGG;=J9B89:5I@H=GH<9D9F79BH5;9
C:H<99LD97H9865@5B798I95H89:5I@HH<5H=GBCHF97CJ9F56@9
H5?=B;=BHC577CIBHH<99LD97H987C@@5H9F5@J5@I95B8HF9B8G
=BF97CJ9F=9G=B7@I8=B;?9MA9HF=7GGI7<5G89@=BEI9B7=9G
F9DCGG9GG=CBG
5B865B?FIDH7=9G&CBH<@M9LDCGIF9G5F9
9EI5@HCH<9F979=J56@9GW9LD97H98CIHGH5B8=B;DF=B7=D5@5B8=BH9F9GH65@5B79
-<95@@CK5B79:CF7F98=H@CGG9G=B7CFDCF5H9G:CFK5F8@CC?=B;A57FC97CBCA=77CB8=H=CBG:CF65G9@=B9
IDHIFB
5B8
8CKBHIFBG79B5F=CG-<F99G9D5F5H97F98=H@CGG5@@CK5B79G5F975@7I@5H98:FCAH<9G9G79B5F=CG-<9M5F9H<9B
DFC656=@=HMK9=;<H98HC89H9FA=B9H<9EI5BH=H5H=J99GH=A5H9C:H<97F98=H@CGG5@@CK5B79F97C;B=N98=BH<9:=B5B7=5@
GH5H9A9BHGCF8F98=HIG9G:CF975GHG:FCA5H<=F8D5FHMH<5HF9J9FHHC5@CB;H9FA<=GHCF=75@5J9F5;95:H9F5F95GCB56@9
5B8GIDDCFH56@9:CF975GH=B;D9F=C8
K<=7<=GGD97=:=7HCH<9D5FH=7I@5FA57FC97CBCA=7J5F=56@95B8K<=7<J5F=9G6M
A5F?9HCF8F98=HID85H9GH<9:CFK5F8@CC?=B;A57FC97CBCA=7:CF975GHGEI5FH9F@M
":A5B5;9A9BH8C9GBCH69@=9J9H<9AC89@GF9:@97H@=:9H=A99LD97H987F98=H@CGG9G:CFH<9DCFH:C@=C
5B58>IGHA9BH=G
A589HCF9:@97HA5B5;9A9BH>I8;A9BHF9;5F8=B;EI5@=H5H=J9:57HCFG
=B7@I8=B;97CBCA=7IB79FH5=BHM
C6G9FJ56@97<5B;9G
=BDCFH:C@=CD9F:CFA5B79
(B5BCB;C=B;65G=G
CF8F98=HF9J=9KG=HGAC89@G
=B7@I8=B;A57FC97CBCA=7:57HCFG
H<9G9@97H=CBC:
A57FC97CBCA=7G79B5F=CG
5B8H<9=FK9=;<H=B;
HC9BGIF9H<9MF9:@97HH<9F=G?C:H<9DCFH:C@=C

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'
"%%'!!%)&!"*!"%%'"&&&-,2',3#"
!:9:9>@80=#:=?1:74:
95@9F:=B5B7=B;=G9J5@I5H98CB5B=B8=J=8I5@895@9F65G=G6MG9;A9BH=B;895@9FG6MF=G?7<5F57H9F=GH=7GGI7<5GH<9
5ACIBHC:H<9@C5BG
H<9B5HIF9C:H<97C@@5H9F5@
H<9:=B5B7=5@GH5HIGC:H<9895@9F
5B85BM-+AC8=:=75H=CBGHC
89H9FA=B9=:5B=B8=J=8I5@895@9FF9EI=F9G5GD97=:=75@@CK5B79:CF7F98=H@CGG":F9EI=F98
H<95@@CK5B79=G65G98CBH<9
DF9G9BHJ5@I9C:H<99LD97H98:IHIF975G<:@CKGC:H<9895@9FWGF979=J56@9G8=G7CIBH985HH<9@C5BGWCF=;=B5@9::97H=J9
=BH9F9GHF5H9CFH<9:5=FJ5@I9C:H<97C@@5H9F5@58>IGH98:CF9GH=A5H987CGHGHCG9@@
CFH<9F9A5=B=B;895@9F:=B5B7=B;
CF8F98=H9GH=A5H9G5B5@@CK5B79:CF7F98=H@CGG9GCB57C@@97H=J965G=G
*3:70>,70:,9>CF8F98=H9GH=A5H9GH<95@@CK5B79:CF7F98=H@CGG9G:CFK<C@9G5@9@C5BG65G98CB<=GHCF=75@@CGG
HCF979=J56@9X%-+YF5H=CG
9LD97H98:IHIF975G<:@CKG
5B8H<9:5=FJ5@I9C:7C@@5H9F5@CFK<C@9G5@9@C5BGK=H<G=A=@5F
F=G?7<5F57H9F=GH=7G
H<95@@CK5B79:CF7F98=H@CGG9G=G9GH=A5H98CB57C@@97H=J965G=GIG=B;H<9%-+AC89@5B8
A5B5;9A9BH>I8;A9BH-<9%-+AC89@=G65G98CBH<9ACGHF979BHM95FGC:<=GHCFMB%-+F5H=C=G75@7I@5H986M
8=J=8=B;7F98=H@CGG9G=9
7<5F;9C::GB9HC:F97CJ9F=9G6M5J9F5;9B9H:=B5B79F979=J56@9G
9L7@I8=B;IB95FB98=BH9F9GH
GIDD@9A9BHG5B85@@CK5B79:CF7F98=H@CGG9G-<95J9F5;9%-+F5H=C=GAI@H=D@=986MH<99B8C:D9F=C865@5B79G

F9DF9G9BH=B;H<9@=:9H=A99LD97H987F98=H@CGGF9G9FJ9
0,70=:,9>CF8F98=HIG9G5K9=;<H985J9F5;9F9A5=B=B;A5HIF=HMA9H<C8HC9GH=A5H9H<9@=:9H=A99LD97H98
7F98=H@CGGF9G9FJ9:CF895@9F@C5BG-<9@CGGAC89@=G65G98CBH<9=B8IGHFMK=897CAA9F7=5@F95@9GH5H97F98=H@CGG9G

58>IGH98HC:57HCF=BH<9<=GHCF=75@7F98=H@CGG9G:CFH<9895@9F@C5BGDCFH:C@=C-<99LD97H987F98=H@CGG=G75@7I@5H98IB89F
8=::9F9BHA57FC97CBCA=7G79B5F=CGH<5H5F9K9=;<H98HCDFCJ=89H<9HCH5@@=:9H=A99LD97H987F98=H@CGG
:H9F9GH56@=G<=B;H<97C@@97H=J95B8GD97=:=75@@CK5B79:CF7F98=H@CGG9G
=:A5B5;9A9BH69@=9J9GH<95@@CK5B798C9G
BCHF9:@97H5@@@CGG9G=B<9F9BH=BH<9DCFH:C@=C8I9HC7<5B;9G=BF979BH97CBCA=7HF9B8G5B87CB8=H=CBG
CFCH<9FF9@9J5BH
:CFK5F8@CC?=B;97CBCA=7:57HCFG
5B58>IGHA9BH=GA58965G98CBA5B5;9A9BH>I8;A9BH

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'
"%%'!!%)&!"*!"%%'"&&&-,2',3#"
B5B5@MG=GC:H<95@@CK5B79:CF7F98=H@CGG9GF9@5H98HC:=B5B79F979=J56@9G:CFH<9M95FG9B898979A69FK5G5G
:C@@CKG=BA=@@=CBG

-
;:?A91> !;:;:?A91> ';@-8
88;C-:/12;>/>105@8;??1?
9;=BB=B;65@5B79
<5F;9C::G
+97CJ9F=9G
)FCJ=G=CB:CF7F98=H@CGG9G
(H<9F6
B8=B;65@5B79

;:?A91> !;:;:?A91> ';@-8
88;C-:/12;>/>105@8;??1?
9;=BB=B;65@5B79
8CDH=CBC:,.7
<5F;9C::G
+97CJ9F=9G
)FCJ=G=CB:CF7F98=H@CGG9G
(H<9F6
B8=B;65@5B79

4444444444
5 -<97CAD5F5H=J9=B:CFA5H=CB<5GBCH699BF9GH5H985B87CBH=BI9GHC69F9DCFH98IB89FH<9577CIBH=B;GH5B85F8=B9::97H8IF=B;
6 )F=A5F=@MF9DF9G9BHG5ACIBHGF9@5H98HCHF5BG@5H=CB58>IGHA9BHG
7 IAI@5H=J9DF9H5L58>IGHA9BHGF97CF898HCF9H5=B9895FB=B;G5GC:#5BI5FM
,99'CH9:CF588=H=CB5@=B:CFA5H=CB
CFH<9M95F9B898979A69F

H<95@@CK5B79:CF7F98=H@CGG9G=B7F95G98A=@@=CB-<97<5B;9F9:@97HG
5B=B7F95G9HCH<9F9G9FJ9C:A=@@=CBF9@5H98HCH<958CDH=CBC:,.
K=H<H<9F9A5=B89FDF=A5F=@MF9@5H98HC
97CBCA=77CB8=H=CBG5HHF=6IH56@9HCH<9(/"D5B89A=7-<97<5B;9HCH<9F9G9FJ98I9HCH<9=AD57HC:(/"
F9:@97HG97CBCA=7IB79FH5=BHMK<=7<
5@CB;K=H<H<99LD97H5H=CBC:7CBH=BI98<=;<9FIB9AD@CMA9BH
<5G=B7F95G98H<9
DFC656=@=HMC:89:5I@H5B8@CGG;=J9B89:5I@HF5H9GIG98=BCF8F98=HWG9GH=A5H9C:H<9@=:9H=A99LD97H987F98=H@CGG9G:CF
=HG7CBGIA9FDCFH:C@=C
9GD97=5@@M=BH<9.B=H98,H5H9G-<9G997CBCA=7HF9B8G5B87CB8=H=CBG5F95@GC9LD97H98HC
B9;5H=J9@M=AD57H895@9FG@H<CI;<B9H7<5F;9C::G:CFH<9M95F9B898979A69F
F9A5=B98@CK
F9:@97H=B;
;CJ9FBA9BHF9@=9:DFC;F5AG5B87IGHCA9FD5MA9BH89:9FF5@DFC;F5AG
H<9:IHIF9=AD57HC:(/"CB7F98=H@CGG9G=G
9LD97H98HC6958J9FG9CF8F98=HK=@@7CBH=BI9HCACB=HCF97CBCA=7HF9B8G5B87CB8=H=CBG5B8K=@@58>IGHH<9F9G9FJ9
577CF8=B;@M
!"'
!)!'"%&
@@=BJ9BHCF=9G5F9GH5H985HH<9@CK9FC:7CGHCFB9HF95@=N56@9J5@I9CGHC:CIF=BJ9BHCF=9G=G89H9FA=B986M7CGH=B;
A9H<C8GH<5H5DDFCL=A5H95:=FGH=B
:=FGHCIHX"(Y65G=G"BJ9BHCF=9G5H979A69FK9F95G:C@@CKG=BA=@@=CBG

+5KA5H9F=5@G
KCF?=BDFC79GG
5B8GIDD@=9G

=B=G<98DFC8I7HG

-CH5@=BJ9BHCF=9G

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'
!'!)&' !'!"#%'!&&
!0?49A0>?809?49:;0=,?49270,>0>7CBG=GHGDF=A5F=@MC:@95G97CBHF57HG:CFJ9<=7@9GK=H<=B8=J=8I5@G
85=@MF9BH5@
7CAD5B=9G
;CJ9FBA9BH9BH=H=9G
5B8:@99H7IGHCA9FGGG9HGGI6>97HHCCD9F5H=B;@95G9G5F989DF97=5H98IG=B;H<9
GHF5=;<H@=B9A9H<C8CJ9FH<9H9FAC:H<9@95G9HCF98I79H<95GG9HHC=HG9GH=A5H98F9G=8I5@J5@I9GH=A5H98F9G=8I5@
J5@I9G5F965G98CB5GGIADH=CBG:CFIG98J9<=7@9DF=79G5H@95G9H9FA=B5H=CB5B8H<9BIA69FC:J9<=7@9GH<5H5F9
9LD97H98HC69F9HIFB98
-<9B9H=BJ9GHA9BH=BCD9F5H=B;@95G9G5H979A69FK5G5G:C@@CKG=BA=@@=CBG

A@;9;@5B1&1391:@
/9<=7@9G
B9HC:89DF97=5H=CB

;>0>105@&1391:@
/9<=7@9G5B8CH<9F9EI=DA9BH
5H7CGH5

77IAI@5H9889DF97=5H=CB

-CH5@CF8F98=H,9;A9BH

-CH5@

4444444444
5 "B7@I89GCF8F98=HWGCD9F5H=B;@95G95GG9HGC:6=@@=CB5B86=@@=CB5H979A69F
5B8
F9GD97H=J9@M
H<5H<5J9699B
=B7@I898=BG97IF=H=N5H=CBHF5BG57H=CBG-<9G9B9H=BJ9GHA9BHG=BCD9F5H=B;@95G9G5F95J5=@56@9CB@M:CFD5MA9BHC:H<9896HCFCH<9FC6@=;5H=CBG
=GGI98CF5F=G=B;=BH<9G97IF=H=N5H=CBHF5BG57H=CBGH<9M5F9BCH5J5=@56@9HCD5MCH<9FC6@=;5H=CBGCFH<97@5=AGC:CH<9F7F98=HCFG
;>0>105@&1391:@
"B7@I898=B:=/=0/4?49?0=0>?:;0=,?492,9/:?30=0C;09>0=GCD9F5H=B;@95G989DF97=5H=CB9LD9BG9
K<=7<=B7@I89G
;5=BG5B8@CGG9GCB8=GDCG5@C:5GG9HG(D9F5H=B;@95G989DF97=5H=CB9LD9BG9:CFH<9M95FG9B898979A69FK5G5G
:C@@CKG=BA=@@=CBG

(D9F5H=B;@95G989DF97=5H=CB9LD9BG9

-<95ACIBHG7CBHF57HI5@@M8I9CBCD9F5H=B;@95G9G5H979A69F

'41>1-2@1> ';@-8
(D9F5H=B;@95G9D5MA9BHG

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'
!'#%"#%',
'9HDFCD9FHM=GF9DCFH985H7CGH
B9HC:577IAI@5H9889DF97=5H=CB
K<=7<=B7@I89G=AD5=FA9BHG0975D=H5@=N9B9K
5GG9HGK<9BK99LD97HHCIG9H<95GG9H:CFACF9H<5BCB9M95F+CIH=B9A5=BH9B5B795B8F9D5=F7CGHG5F99LD9BG98
K<9B=B7IFF98
)FCD9FHM5B89EI=DA9BH5F989DF97=5H98DF=A5F=@MIG=B;H<9GHF5=;<H@=B9A9H<C8CJ9FH<99GH=A5H98IG9:I@@=:9C:H<9
5GG9H.G9:I@@=J9GF5B;9:FCAM95FGHCM95FG-<99GH=A5H98IG9:I@@=J9G;9B9F5@@M5F9M95FG:CFA57<=B9FM5B8
9EI=DA9BH
M95FG:CFGC:HK5F9
M95FG:CF@5B8=ADFCJ9A9BHG
5B8M95FG:CF6I=@8=B;G-CC@=B;;9B9F5@@M=G
5ACFH=N98CJ9FH<99LD97H98@=:9C:5DFC8I7HDFC;F5AIG=B;5GHF5=;<H@=B9A9H<C8
'9HDFCD9FHM5H979A69FK5G5G:C@@CKG=BA=@@=CBG

%5B8
I=@8=B;G5B8@5B8=ADFCJ9A9BHG

&57<=B9FM
9EI=DA9BH
5B8CH<9F

,C:HK5F9

CBGHFI7H=CB=BDFC;F9GG

-CH5@@5B8
D@5BH5B89EI=DA9BH
5B8CH<9F


'9H@5B8
D@5BH5B89EI=DA9BH
5B8CH<9F

-CC@=B;
B9HC:5ACFH=N5H=CB

-CH5@

)FCD9FHMF9@5H989LD9BG9G
9L7@I8=B;B9H=BJ9GHA9BH=BCD9F5H=B;@95G9G
:CFH<9M95FG9B898979A69FK9F95G
:C@@CKG=BA=@@=CBG

9DF97=5H=CB5B8CH<9F5ACFH=N5H=CB

-CC@=B;5ACFH=N5H=CB

-CH5@5

&5=BH9B5B795B8F95FF5B;9A9BH

4444444444
5 "B7@I89G=AD5=FA9BHC:<9@8:CFG5@9@CB;@=J985GG9HG=B5B8,99'CH9:CF588=H=CB5@=B:CFA5H=CB

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'
$(',!!'&&'&"'" #!&
09IG9H<99EI=HMA9H<C8C:577CIBH=B;:CFCIF=BJ9GHA9BHG=B9BH=H=9GCJ9FK<=7<K98CBCH<5J97CBHFC@
6IHCJ9F
K<CG9CD9F5H=B;5B8:=B5B7=5@DC@=7=9GK95F956@9HC9L9F7=G9G=;B=:=75BH=B:@I9B79
(IF75FFM=B;J5@I95B8CKB9FG<=DD9F79BH5;9GC:CIF9EI=HMA9H<C8=BJ9GHA9BHG5H979A69FK9F95G:C@@CKG=B
A=@@=CBG
9L79DHD9F79BH5;9G
"C:1>?45<
:B1?@91:@-8-:/1 #1>/1:@-31

F;C"
%%G99'CH9 V

<5B;5BCF8IHCAC6=@9CFDCF5H=CB
%=A=H9856
%=A=H986
IHC@@=5B79-<5=@5B8C
%H8
CF8(HCACH=J,5B5M=BCB=A,=F?9H=
9HF5;CF8-F5BGA=GG=CBG A6!6
,=B5B79,CIH<:F=75)HM%=A=H98
CF8,C@@9FG'9H<9F@5B8G/G99'CH9
"CB=HM!C@8=B; A6!C$
(H<9F /5F=CIG
';@-8

4444444
5 "B
%=A=H98F97CF8985@CB;@=J985GG9H=AD5=FA9BH7<5F;9
CIFG<5F9C:K<=7<K5GA=@@=CB
5B8=G
=B7@I898=B<@4?D4990?49.:807:>>:1,11474,?0/.:8;,940>
6 "B
%=A=H98
%=A=H98
5B8 9HF5;CF8-F5BGA=GG=CBG A6!F97CF898
F9GHFI7HIF=B;7<5F;9G
CIFG<5F9C:K<=7<K5GA=@@=CB
A=@@=CB
5B8A=@@=CB
F9GD97H=J9@M-<9G97<5F;9G5F9=B7@I898=B<@4?D4990?
49.:807:>>:1,11474,?0/.:8;,940>
09F97CF898A=@@=CB
A=@@=CB
5B8A=@@=CBC:8=J=89B8G:FCAH<9G95::=@=5H987CAD5B=9G:CFH<9M95FG
9B898979A69F

5B8
F9GD97H=J9@M
"BH<9CF8=B5FM7CIFG9C:6IG=B9GG
K96IM G9@@J5F=CIGDFC8I7HG5B8G9FJ=79G=B7@I8=B;J9<=7@9G
D5FHG
5B8
7CADCB9BHGHC :FCACIF9EI=HMA9H<C8=BJ9GH99G"B588=H=CB
K9F979=J9FCM5@HM=B7CA9
-F5BG57H=CBGK=H<9EI=HMA9H<C8=BJ9GH99GF9DCFH98:CFH<9M95FG9B898CF5H979A69FK9F95G:C@@CKG=B
A=@@=CBG
;>@41E1->?1:0101/19.1>

:/;91&@-@191:@

,5@9G

)IF7<5G9G

+CM5@HM=B7CA9
-8-:/1&411@

+979=J56@9G
)5M56@9G

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'
"'%!)&' !'&
09<5J9=BJ9GHA9BHG=B9BH=H=9GBCH577CIBH98:CFIB89FH<99EI=HMA9H<C8:CFK<=7<:5=FJ5@I9G5F9BCHF958=@M
5J5=@56@909F97CF8H<9G9=BJ9GHA9BHG5H7CGH@9GG=AD5=FA9BH
=:5BM
58>IGH98:CFC6G9FJ56@9DF=797<5B;9G=BCF89F@M
HF5BG57H=CBG:CFH<9=89BH=75@CF5G=A=@5F=BJ9GHA9BHC:H<9G5A9=GGI9F09F9DCFHH<975FFM=B;J5@I9C:H<9G9=BJ9GHA9BHG
=B"?30=,>>0?>=BH<9BCB7IFF9BH5GG9HGG97H=CBC:CIF7CBGC@=85H9865@5B79G<99HG-<9G9=BJ9GHA9BHGK9F96=@@=CB
5B86=@@=CB5H979A69F
5B8
F9GD97H=J9@M-<9=B7F95G9:FCA979A69F
DF=A5F=@MF9:@97HG
CIFDF9:9FF98G97IF=HM=BJ9GHA9BHG=BF;C"G99'CH9"BH<9M95F9B898979A69F

H<9F9K9F9BC
A5H9F=5@58>IGHA9BHGHCH<9:5=FJ5@I9GC:H<9G9=BJ9GHA9BHG<9@85H979A69F

"B#5BI5FM
H<9F9K5G5BC6G9FJ56@99J9BH:CFCIF=BJ9GHA9BH=B+=J=5B.G=B;5BCDH=CBDF=7=B;AC89@
H<9
C6G9FJ56@99J9BHK=@@F9GI@H=B5B=B7F95G9HCCIF75FFM=B;J5@I9C:5DDFCL=A5H9@MA=@@=CB5B8K=@@69F97C;B=N98=BCIF
:=FGHEI5FH9FF9GI@HG
!"'
"'%'&!%%%)!(
"?30=74,-474?40>,9//010==0/=0A09@05H979A69FK9F95G:C@@CKG=BA=@@=CBG

A>>1:@

9:9FF98F9J9BI9

AD@CM9969B9:=HD@5BG

77FI98=BH9F9GH

()
)9BG=CB
(D9F5H=B;@95G9@=56=@=H=9G
(H<9F

-CH5@7IFF9BHCH<9F@=56=@=H=9G5B889:9FF98F9J9BI9

!;:/A>>1:@
)9BG=CB

()


9:9FF98F9J9BI9

(D9F5H=B;@95G9@=56=@=H=9G

AD@CM9969B9:=HD@5BG

(H<9F

-CH5@BCB7IFF9BHCH<9F@=56=@=H=9G5B889:9FF98F9J9BI9

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'
%'% !'!'&
9:=B9869B9:=HD9BG=CB5B8()D@5BC6@=;5H=CBG5F9F9A95GIF985H@95GH5BBI5@@M5GC:979A69F65G98CB
H<9DF9G9BHJ5@I9C:DFC>97H98:IHIF969B9:=HD5MA9BHG:CF5@@D5FH=7=D5BHG:CFG9FJ=79GF9B89F98HC85H9-<9A95GIF9A9BH
C:DFC>97H98:IHIF969B9:=HG=G89D9B89BHCBH<9DFCJ=G=CBGC:957<GD97=:=7D@5B
89AC;F5D<=7GC:H<9;FCID7CJ9F986M
H<9D@5B
5B8CH<9F?9MA95GIF9A9BH5GGIADH=CBGCFD@5BGH<5HDFCJ=8969B9:=HG89D9B89BHCBG5@5FM5GGIADH=CBG
K9
=B7@I895DFC>97H=CBC:G5@5FM;FCKH<=BCIFA95GIF9A9BHG'C5GGIADH=CB=GA589F9;5F8=B;5BMDCH9BH=5@:IHIF9
7<5B;9GHC69B9:=HDFCJ=G=CBG69MCB8H<CG9HCK<=7<K95F9DF9G9BH@M7CAA=HH989;
=B9L=GH=B;@56CF7CBHF57HG
'9HD9F=C8=769B9:=H7CGHG
=B7@I8=B;G9FJ=797CGH
=BH9F9GH7CGH
5B89LD97H98F9HIFBCB5GG9HG5F989H9FA=B98IG=B;
5GGIADH=CBGF9;5F8=B;H<969B9:=HC6@=;5H=CB5B8H<9:5=FJ5@I9C:D@5B5GG9HGK<9F95DD@=756@95GC:H<969;=BB=B;C:
957<M95F09<5J99@97H98HCIG95:5=FJ5@I9C:D@5B5GG9HGHC75@7I@5H9H<99LD97H98F9HIFBCB5GG9HG=BB9HD9F=C8=7
69B9:=H7CGH-<9:IB898GH5HIGC:H<969B9:=HD@5BG
K<=7<F9DF9G9BHGH<98=::9F9B7969HK99BH<969B9:=HC6@=;5H=CB5B8
:5=FJ5@I9C:D@5B5GG9HG
=G75@7I@5H98CB5D@5B6MD@5B65G=G-<969B9:=HC6@=;5H=CB5B8F9@5H98:IB898GH5HIG5F9
89H9FA=B98IG=B;5GGIADH=CBG5GC:H<99B8C:957<M95F7HI5F=5@;5=BG5B8@CGG9GF9GI@H=B;:FCAD@5BF9A95GIF9A9BH
5F9F97C;B=N98=BB9HD9F=C8=769B9:=H7CGH=BH<9D9F=C8C:H<9F9A95GIF9A9BH-<9=AD57HC:5F9HFC57H=J9D@5B
5A9B8A9BH=GF97CF898=B..@8@7,?0/:?30=.:8;=0309>4A049.:807:>>
5B8=G5ACFH=N985G57CADCB9BHC:B9H
D9F=C8=77CGH
;9B9F5@@MCJ9FH<9F9A5=B=B;G9FJ=79D9F=C8C:H<957H=J99AD@CM99G-<9G9FJ=797CGH7CADCB9BH=G
=B7@I898=B:>?:1>,70>5B8&077492,/8494>?=,?4A0,9/:?30=0C;09>0>(H<9F7CADCB9BHGC:B9HD9F=C8=769B9:=H7CGH
=B7CA95F9=B7@I898=B"?30=49.:807:>>90?CBCIF7CBGC@=85H98=B7CA9GH5H9A9BHG
7IFH5=@A9BHF9GI@HG:FCA5B9J9BHH<5HG=;B=:=75BH@MF98I79GH<99LD97H98M95FGC::IHIF9G9FJ=79CF9@=A=B5H9GH<9
577FI5@C:89:=B9869B9:=HG:CFH<9:IHIF9G9FJ=79GC:5G=;B=:=75BHBIA69FC:9AD@CM99G7IFH5=@A9BH;5=B=GF97CF898
K<9BH<99AD@CM99GK<C5F99BH=H@98HC569B9:=HH9FA=B5H9H<9=F9AD@CMA9BH
CFK<9B5D@5BGIGD9BG=CBCF5A9B8A9BH
H<5HF9GI@HG=B57IFH5=@A9BH;5=B=G58CDH987IFH5=@A9BH@CGG=GF97CF898K<9B=H697CA9GDFC656@957IFH5=@A9BH@CGG
K=@@C77IF09F97C;B=N9G9HH@9A9BH9LD9BG9K<9BH<97CGHG5GGC7=5H98K=H<5@@G9HH@9A9BHG8IF=B;H<9M95F9L7998H<9
=BH9F9GH7CADCB9BHC:B9HD9F=C8=77CGH:CFH<95::97H98D@5BLD9BG9:FCA7IFH5=@A9BHG5B8G9HH@9A9BHG=GF97CF898=B
"?30=49.:807:>>90?
01490/09014?#09>4:9#7,9>09<5J989:=B9869B9:=HD9BG=CBD@5BG7CJ9F=B;<CIF@M5B8G5@5F=989AD@CM99G=BH<9
.B=H98,H5H9G
5B585
.B=H98$=B;8CA
9FA5BM
5B8CH<9F@C75H=CBG-<9@5F;9GHDCFH=CBC:CIFKCF@8K=89C6@=;5H=CB=G
5GGC7=5H98K=H<CIF.,D@5BG/=FHI5@@M5@@C:CIFKCF@8K=8989:=B9869B9:=HD@5BG5F97@CG98HCB9KD5FH=7=D5BHG
"B;9B9F5@
CIF89:=B9869B9:=HD9BG=CBD@5BG5F9:IB898=9
<5J9F9GHF=7H985GG9HG:FCAK<=7<69B9:=HG5F9D5=8
(IFIB:IB89889:=B9869B9:=HD9BG=CBD@5BG5F9HF95H98CB5XD5M5GMCI;CY65G=GK=H<69B9:=HD5MA9BHG:FCA;9B9F5@
CAD5BM75G<-<9G9IB:IB898D@5BGDF=A5F=@M=B7@I8979FH5=BD@5BG=B 9FA5BM5B8H<9.,89:=B9869B9:=HD@5BG:CF
G9B=CFA5B5;9A9BH
"#09<5J989:=B9869B9:=H()D@5BG
DF=A5F=@M79FH5=B<95@H<75F95B8@=:9=BGIF5B7969B9:=HG
7CJ9F=B;<CIF@M
5B8G5@5F=989AD@CM99G=BH<9.B=H98,H5H9G
5B585
5B8CH<9F@C75H=CBG-<9@5F;9GHDCFH=CBC:CIFKCF@8K=89C6@=;5H=CB
=G5GGC7=5H98K=H<CIF.,D@5BG(IF()D@5BG5F9IB:IB8985B8H<969B9:=HG5F9D5=8:FCA;9B9F5@CAD5BM75G<
01490/:9?=4-@?4:9,9/&,A492>#7,9>095@GC<5J989:=B987CBHF=6IH=CB5B8G5J=B;GD@5BG:CF<CIF@M5B8G5@5F=98
9AD@CM99G=BH<9.B=H98,H5H9G5B8CH<9F@C75H=CBGCAD5BM7CBHF=6IH=CBGHCH<9G9D@5BG
=:5BM
5F9A589:FCA;9B9F5@
CAD5BM75G<5B85F99LD9BG985G=B7IFF98-<99LD9BG9:CFCIFKCF@8K=8989:=B987CBHF=6IH=CB5B8G5J=B;GD@5BGK5G
A=@@=CB
A=@@=CB
5B8A=@@=CB:CFH<9M95FG9B898979A69F

5B8
F9GD97H=J9@M-<=G
=B7@I89GH<99LD9BG9:CFCAD5BMA5H7<=B;7CBHF=6IH=CBGHCCIFDF=A5FM9AD@CM99G5J=B;GD@5B=BH<9.B=H98,H5H9GC:
A=@@=CB
A=@@=CB
5B8A=@@=CB:CFH<9M95FG9B898979A69F

5B8
F9GD97H=J9@M-<9
9LD9BG95@GCF9:@97HG5CB9H=A97CBHF=6IH=CBC:A=@@=CBHC79FH5=B9@=;=6@99AD@CM99G5GD5FHC:H<9.0
7C@@97H=J965F;5=B=B;5;F99A9BH

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'
%'% !'!'&-,2',3#"
125:101:125@#8-:?GD<1:?1-:0&@-@A?
-<95GGIADH=CBGIG98HC89H9FA=B969B9:=HC6@=;5H=CB5B8B9HD9F=C8=769B9:=H7CGH =B7CA9K9F95G:C@@CKG
#1:?5;:1:125@?
(&#8-:? !;:(&#8-:? *;>80C501"#

*1534@10B1>-31??A9<@5;:?-@1/19.1>

=G7CIBHF5H9
J9F5;9F5H9C:=B7F95G9=B7CAD9BG5H=CB
*1534@10B1>-31??A9<@5;:?(?10@;1@1>95:1!1@
1:125@;?@2;>@41,1->:0101/19.1>

=G7CIBHF5H9,9FJ=797CGH
::97H=J9=BH9F9GHF5H9CB69B9:=HC6@=;5H=CB
LD97H98@CB;H9FAF5H9C:F9HIFBCB5GG9HG V V
J9F5;9F5H9C:=B7F95G9=B7CAD9BG5H=CB
-<9DF9H5LB9HD9F=C8=769B9:=H7CGH =B7CA9:CFCIF89:=B9869B9:=HD9BG=CB5B8()D@5BG:CFH<9M95FG9B898

979A69FK5G5G:C@@CKG=BA=@@=CBG
#1:?5;:1:125@?
(&#8-:? !;:(&#8-:? *;>80C501"#

,9FJ=797CGH
"BH9F9GH7CGH

LD97H98F9HIFBCB5GG9HG

V V V
ACFH=N5H=CBC:DF=CFG9FJ=797CGHG 7F98=HG
'9HF9A95GIF9A9BH;5=B @CGG

,9D5F5H=CBDFC;F5AG CH<9F V V
,9HH@9A9BHG5B87IFH5=@A9BHG V V
'9HD9F=C8=769B9:=H7CGH =B7CA9

"B
K9F97C;B=N98588=H=CB5@9LD9BG9C:A=@@=CBF9@5H98HCG9D5F5H=CBDFC;F5AG
G9HH@9A9BHG
5B8
7IFH5=@A9BHG
K<=7<=B7@I8985A=@@=CBG9HH@9A9BH@CGG
C::G9HD5FH=5@@M6M5A=@@=CB7IFH5=@A9BH;5=B
F9@5H98HCH<9
HF5BG:9FC:CIF'9H<9F@5B8GD9BG=CBC6@=;5H=CB5B8F9@5H98D@5B5GG9HGHC5B=BGIF5B797CAD5BM
5B8A=@@=CBC:
G9D5F5H=CB9LD9BG9G
D5FH=5@@MC::G9H6MA=@@=CBC:G9HH@9A9BH5B87IFH5=@A9BH;5=BG
F9@5H98HCCB;C=B;F989G=;B
DFC;F5AG
"B
K9F97C;B=N98588=H=CB5@9LD9BG9C:A=@@=CBF9@5H98HCG9D5F5H=CBDFC;F5AG
G9HH@9A9BHG
5B8
7IFH5=@A9BHG
K<=7<=B7@I898A=@@=CBC:G9HH@9A9BH@CGG9GF9@5H98HC5BCB.,D9BG=CBD@5B5B8A=@@=CBF9@5H98
HCCB;C=B;F989G=;BDFC;F5AG.BH=@CIF @C65@+989G=;BDFC;F5AG5F97CAD@9H98
K95BH=7=D5H9:IFH<9F58>IGHA9BHGHC
CIFD@5BG=BGI6G9EI9BHD9F=C8G

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'
%'% !'!'&-,2',3#"
-<9M95F9B8GH5HIGC:H<9G9D@5BGK5G5G:C@@CKG=BA=@@=CBG
#1:?5;:1:125@?
(&#8-:? !;:(&#8-:? *;>80C501"#

4-:315:1:125@".853-@5;:
9B9:=HC6@=;5H=CB5H#5BI5FM

,9FJ=797CGH
"BH9F9GH7CGH

A9B8A9BHG V V V V
,9D5F5H=CBDFC;F5AG CH<9F V
IFH5=@A9BHG V V V V V
,9HH@9A9BHG V V
)@5BD5FH=7=D5BH7CBHF=6IH=CBG
9B9:=HGD5=8

CF9=;B9L7<5B;9HF5BG@5H=CB V V

7HI5F=5@;5=B @CGG

9B9:=HC6@=;5H=CB5H979A69F

4-:315:#8-:??1@?
5=FJ5@I9C:D@5B5GG9HG5H#5BI5FM

V V
7HI5@F9HIFBCBD@5B5GG9HG

V V
CAD5BM7CBHF=6IH=CBG V V
)@5BD5FH=7=D5BH7CBHF=6IH=CBG V V
9B9:=HGD5=8

V V
,9HH@9A9BHG V V
CF9=;B9L7<5B;9HF5BG@5H=CB V V V V
(H<9F V V
5=FJ5@I9C:D@5B5GG9HG5H979A69F

V V
A:010?@-@A?-@1/19.1>

9;A:@?%1/;3:5F10;:@41-8-:/1&411@?
)F9D5=85GG9HG

V V
(H<9F@=56=@=H=9G

-CH5@

9;A:@?%1/;3:5F105://A9A8-@10"@41>
;9<>141:?5B1;??<>1@-D
.B5ACFH=N98DF=CFG9FJ=797CGHG 7F98=HG
#1:?5;:#8-:?5:C45/4//A9A8-@101:125@
".853-@5;:D/110?#8-:??1@?-@1/19.1>

77IAI@5H9869B9:=HC6@=;5H=CB

5=FJ5@I9C:D@5B5GG9HG

//A9A8-@101:125@".853-@5;:-@1/19.1>

#1:?5;:#8-:?5:C45/4#>;61/@101:125@".853-@5;:
D/110?#8-:??1@?-@1/19.1>
)FC>97H9869B9:=HC6@=;5H=CB

5=FJ5@I9C:D@5B5GG9HG

#>;61/@101:125@".853-@5;:-@1/19.1>

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'
%'% !'!'&-,2',3#"
-<957HI5F=5@;5=B @CGG:CFCIFD9BG=CB69B9:=HC6@=;5H=CBG=B5B8K5GDF=A5F=@MF9@5H98HC7<5B;9G=B
8=G7CIBHF5H9G
#1:?5;:#8-:;:@>5.A@5;:?
(IFDC@=7M:CF:IB898D9BG=CBD@5BG=GHC7CBHF=6IH95BBI5@@M
5H5A=B=AIA
5ACIBHGF9EI=F986M5DD@=756@9@5KG5B8
F9;I@5H=CBG09A5MA5?97CBHF=6IH=CBG69MCB8H<CG9@9;5@@MF9EI=F98
"B
K97CBHF=6IH98A=@@=CBHCCIF;@C65@:IB898D9BG=CBD@5BG5B8A589A=@@=CBC:69B9:=HD5MA9BHGHC
D5FH=7=D5BHG=BIB:IB898D@5BGIF=B;
K99LD97HHC7CBHF=6IH969HK99BA=@@=CB5B8A=@@=CBC:75G<HCCIF
;@C65@:IB898D9BG=CBD@5BG095@GC9LD97HHCA5?956CIHA=@@=CBC:69B9:=HD5MA9BHGHCD5FH=7=D5BHG=BIB:IB898
D@5BG5G98CB7IFF9BH5GGIADH=CBG5B8F9;I@5H=CBG
K98CBCH9LD97HHC<5J95@9;5@F9EI=F9A9BHHC:IB8CIFA5>CF
.,D9BG=CBD@5BG=B
D<1/@10A@A>11:125@#-E91:@?
-<99LD97H98:IHIF969B9:=HD5MA9BHG5H979A69F
1:125@#-E91:@?
#1:?5;:
!;:(& *;>80C501
(&#8-:? #8-:? "#

#1:?5;:#8-:??1@:2;>9-@5;:
9A0>?809?"-50.?4A0>,9/&?=,?0240>(IF=BJ9GHA9BHC6>97H=J9G:CFH<9.,D@5BG5F9HCA=B=A=N9H<9JC@5H=@=HMC:

H<9J5@I9C:CIF.,D9BG=CB5GG9HGF9@5H=J9HC.,D9BG=CBC6@=;5H=CBG5B8HC9BGIF95GG9HG5F9GI::=7=9BHHCD5MD@5B
69B9:=HG(IF.,H5F;9H5GG9H5@@C75H=CBG5F9:=L98=B7CA95B8;FCKH<5GG9HGDF=A5F=@M<98;9:IB8G
F95@
9GH5H9
DF=J5H99EI=HM
5B8DI6@=79EI=HM(IF@5F;9GHBCB.,D@5BG.B=H98$=B;8CA5B85B585<5J9G=A=@5F
=BJ9GHA9BHC6>97H=J9GHCH<9.,D@5BG
"BJ9GHA9BHGHF5H9;=9G5B8DC@=7=9G:CFH<9.,D@5BG5B8H<9@5F;9GHBCB.,D@5BGF9:@97H565@5B79C:F=G?F98I7=B;

5B8F9HIFBG99?=B;7CBG=89F5H=CBG-<9C6>97H=J9C:A=B=A=N=B;H<9JC@5H=@=HMC:5GG9HGF9@5H=J9HCC6@=;5H=CBG=G588F9GG98
DF=A5F=@MH<FCI;<5GG9H@=56=@=HMA5H7<=B;
5GG9H8=J9FG=:=75H=CB
5B8<98;=B;-<9:=L98=B7CA9H5F;9H5GG9H5@@C75H=CB
A5H7<9GH<96CB8@=?95B8@CB;85H98B5HIF9C:H<9D9BG=CBC6@=;5H=CBGGG9HG5F96FC58@M8=J9FG=:=98K=H<=B5GG9H
7@5GG9GHC57<=9J9F=G?58>IGH98F9HIFBGH<5H=BHCH5@@CK9F5GG9HJC@5H=@=HMF9@5H=J9HCH<9C6@=;5H=CBG,HF5H9;=9GHC588F9GG
H<9;C5@C:9BGIF=B;GI::=7=9BH5GG9HGHCD5M69B9:=HG=B7@I89H5F;9H5@@C75H=CBGHC56FC585FF5MC:5GG9H7@5GG9G
5B8
GHF5H9;=9GK=H<=B5GG9H7@5GG9GH<5HDFCJ=89589EI5H9F9HIFBG
8=J9FG=:=75H=CB
5B8@=EI=8=HM

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'
%'% !'!'&-,2',3#"
9F=J5H=J9G5F9D9FA=HH98:CF:=L98=B7CA9=BJ9GHA9BH5B8DI6@=79EI=HMA5B5;9FGHCIG95G9::=7=9BHGI6GH=HIH9G:CF
HF58=H=CB5@G97IF=H=9G5B8HCA5B5;99LDCGIF9HC=BH9F9GHF5H95B8:CF9=;B9L7<5B;9F=G?G"BH9F9GHF5H95B8:CF9=;B
7IFF9B7M89F=J5H=J9=BGHFIA9BHG5F9IG98:CFH<9DIFDCG9C:<98;=B;7<5B;9G=BH<9:5=FJ5@I9C:5GG9HGH<5HF9GI@H:FCA
=BH9F9GHF5H97<5B;9G5B87IFF9B7M:@I7HI5H=CBG"BH9F9GHF5H989F=J5H=J9G5@GC5F9IG98HC58>IGHDCFH:C@=C8IF5H=CB
9F=J5H=J9GA5MBCH69IG98HC@9J9F5;9CFHC5@H9FH<997CBCA=79LDCGIF9HC5B5GG9H7@5GGCIHG=89H<9G7CD9C:H<9
A5B85H95B=BJ9GHA9BHA5B5;9F<5G699B;=J9B@H9FB5H=J9=BJ9GHA9BHA5B5;9FG5F9D9FA=HH98HC9AD@CM@9J9F5;9
=B7@I8=B;H<FCI;<H<9IG9C:89F=J5H=J9GCFCH<9FHCC@GH<5HA5M5@H9F97CBCA=79LDCGIF9
@H9FB5H=J9=BJ9GHA9BHG9L97IH98=J9FG9GHF5H9;=9GH<5HDFCJ=899LDCGIF9HC56FC58F5B;9C:<98;9:IB8GHF5H9;=9G

9EI=HM=BJ9GHA9BHG=BDF=J5H97CAD5B=9G
5B8=BJ9GHA9BHG=BDF=J5H9DFCD9FHM:IB8G
&429414.,9?:9.09?=,?4:9>:1%4>6,=;B=:=75BH7CB79BHF5H=CBGC:F=G?=BCIFD@5B5GG9HGF9@5H9HC=BH9F9GHF5H9G
;FCKH<
5GG9HG
5B8CD9F5H=B;F=G?G"BCF89FHCA=B=A=N95GG9HJC@5H=@=HMF9@5H=J9HCH<9C6@=;5H=CBG
H<9A5>CF=HMC:D@5B5GG9HG5F9
5@@C75H98HC:=L98=B7CA9=BJ9GHA9BHGK<=7<5F99LDCG98HC=BH9F9GHF5H9F=G?+5H9=B7F95G9G;9B9F5@@MK=@@F9GI@H=B5
897@=B9=BH<9J5@I9C::=L98=B7CA95GG9HG
K<=@9F98I7=B;H<9DF9G9BHJ5@I9C:H<9C6@=;5H=CBGCBJ9FG9@M
F5H9
897F95G9G;9B9F5@@MK=@@=B7F95G9H<9J5@I9C::=L98=B7CA95GG9HG
C::G9HH=B;H<9F9@5H98=B7F95G9=BH<9C6@=;5H=CBG
"BCF89FHC9BGIF95GG9HG5F9GI::=7=9BHHCD5M69B9:=HG
5DCFH=CBC:D@5B5GG9HG=G5@@C75H98HC;FCKH<5GG9HGH<5H5F9
9LD97H98CJ9FH=A9HC95FB<=;<9FF9HIFBGK=H<ACF9JC@5H=@=HMH<5B:=L98=B7CA9=BJ9GHA9BHGK<=7<ACF97@CG9@MA5H7<
D9BG=CBC6@=;5H=CBG0=H<=B;FCKH<5GG9HG
F=G?=GA=H=;5H986M7CBGHFI7H=B;5DCFH:C@=CH<5H=G6FC58@M8=J9FG=:=986M5GG9H
7@5GG
=BJ9GHA9BHGHF5H9;M
A5B5;9F
GHM@9
5B8DFC79GG
(D9F5H=B;F=G?G=B7@I89H<9F=G?GC:=B589EI5H98=J9FG=:=75H=CB5B8K95?7CBHFC@G-CA=H=;5H9H<9G9F=G?G
=BJ9GHA9BHG
5F98=J9FG=:=9857FCGG5B8K=H<=B5GG9H7@5GG9G=BGIDDCFHC:=BJ9GHA9BHC6>97H=J9G)C@=7=9G5B8DF57H=79GHC588F9GG
CD9F5H=B;F=G?G=B7@I89CB;C=B;A5B5;9FCJ9FG=;<H9;
GHM@958<9F9B79
H95AGHF9B;H<
:=FA<95@H<
5B8=BH9FB5@F=G?
7CBHFC@G
D@5B5B85GG9H7@5GG=BJ9GHA9BH;I=89@=B9G5B8=BGHFI7H=CBGH<5H5F97CAAIB=75H98HCA5B5;9FG
5B8D9F=C8=7
7CAD@=5B79F9J=9KGHC9BGIF958<9F9B79
HM95F9B8
CF8G97IF=H=9G7CADF=G98@9GGH<5BC:CIFD@5B5GG9HG
C;0.?0/:92'0=8%,?0:1%0?@=9:9>>0?>-<9@CB;H9FAF9HIFB5GGIADH=CB5HM95F9B8=G:CFH<9

.,D@5BG
:CFH<9.$D@5BG
5B8:CFH<95B58=5BD@5BG
5B85J9F5;9G:CF5@@BCB.,D@5BG
;9B9F5@@M7CBG=GH9BH5DDFC57<=GIG98KCF@8K=89HC89J9@CDH<=G5GGIADH=CB-<=G5DDFC57<7CBG=89FGDF=A5F=@M=BDIHG
:FCA5F5B;9C:58J=GCFG:CF@CB;H9FA75D=H5@A5F?9HF9HIFBG
=B:@5H=CB
6CB8M=9@8G
5B8CH<9FJ5F=56@9G
58>IGH98:CF
GD97=:=75GD97HGC:CIF=BJ9GHA9BHGHF5H9;M6MD@5B!=GHCF=75@F9HIFBG5@GC5F97CBG=89F98K<9F95DDFCDF=5H9-<9
5GGIADH=CB=G65G98CB7CBG=89F5H=CBC:5@@=BDIHG
K=H<5:C7IGCB@CB;H9FAHF9B8GHC5JC=8G<CFHH9FAA5F?9H=B:@I9B79G

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'
%'% !'!'&-,2',3#"
-<9:5=FJ5@I9C:CIF89:=B9869B9:=HD9BG=CBD@5B5GG9HG=B7@I8=B;8=J=89B8G5B8=BH9F9GHF979=J56@9GC:A=@@=CB
5B8A=@@=CB:CF.,5B8BCB.,D@5BG
F9GD97H=J9@M6M5GG9H75H9;CFM5H979A69FK5G5G:C@@CKG=BA=@@=CBG

(&#8-:? !;:(&#8-:?
??1@? ??1@?
91-?A>10 91-?A>10
1B18
1B18 1B18 -@!)- ';@-8 1B18
1B18 1B18 -@!)- ';@-8
??1@-@13;>E
=A5@E
.,7CAD5B=9G
V V

V V

"BH9FB5H=CB5@
7CAD5B=9G V V
-CH5@9EI=HM
V

V

5D10:/;91
.,;CJ9FBA9BH5B8
5;9B7=9G

V V
V V
'CB.,;CJ9FBA9BH V
V
V
V V

CFDCF5H96CB8G V
V V
V
V

&CFH;5;9 CH<9F5GG9H
657?98 V V V V V
CAA=B;@98:IB8G V V V V V
9F=J5H=J9:=B5B7=5@
=BGHFIA9BHG
B9H V V V
-CH5@:=L98=B7CA9

V

V

8@1>:-@5B1?
!98;9:IB8G V V V

V V V

)F=J5H99EI=HM V V V

V V V
+95@9GH5H9 V V V

V V V
-CH5@5@H9FB5H=J9G V V V

V V V

5G<
75G<9EI=J5@9BHG

5B8F9DIF7<5G9
5;F99A9BHG6 V V V
V V V

(H<9F7
V V V
V
V

-CH5@5GG9HG5H:5=F
J5@I9

4444444
5 9FH5=B5GG9HGH<5H5F9A95GIF985H:5=FJ5@I9IG=B;H<9'/D9FG<5F9CF=HG9EI=J5@9BHDF57H=75@9LD98=9BH<5J9BCH699B7@5GG=:=98=BH<9:5=F
J5@I9<=9F5F7<M
6 )F=A5F=@MG<CFHH9FA=BJ9GHA9BH:IB8GHCDFCJ=89@=EI=8=HMHCD@5B=BJ9GHA9BHA5B5;9FG
75G<<9@8HCD5M69B9:=HG
5B8F9DIF7<5G95;F99A9BHG
J5@I985H6=@@=CB=B.,D@5BG5B86=@@=CB=BBCB.,D@5BG
7 CF.,D@5BG
5ACIBHGF9@5H98HCB9HD9B8=B;G97IF=HMDIF7<5G9G G5@9G5B8B9HD9B8=B;:CF9=;B7IFF9B7MDIF7<5G9G G5@9GCFBCB.,D@5BG

DF=A5F=@MCF809F?9
D@5B5GG9HG=BGIF5B797CBHF57HJ5@I985H6=@@=CB5HM95F9B85B85ACIBHGF9@5H98HCB9HD9B8=B;G97IF=HM
DIF7<5G9G G5@9G5B8B9HD9B8=B;:CF9=;B7IFF9B7MDIF7<5G9G G5@9G

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'
%'% !'!'&-,2',3#"
-<9:5=FJ5@I9C:CIF89:=B9869B9:=HD9BG=CBD@5B5GG9HG=B7@I8=B;8=J=89B8G5B8=BH9F9GHF979=J56@9GC:A=@@=CB
5B8A=@@=CB:CF.,5B8BCB.,D@5BG
F9GD97H=J9@M6M5GG9H75H9;CFM5H979A69FK5G5G:C@@CKG=BA=@@=CBG

(&#8-:? !;:(&#8-:?
??1@? ??1@?
91-?A>10 91-?A>10
1B18
1B18 1B18 -@!)- ';@-8 1B18
1B18 1B18 -@!)- ';@-8
??1@-@13;>E
=A5@E
.,7CAD5B=9G
V V

V V

"BH9FB5H=CB5@
7CAD5B=9G
V

V

-CH5@9EI=HM
V

V

5D10:/;91
.,;CJ9FBA9BH5B8
5;9B7=9G

V V
V V V
'CB.,;CJ9FBA9BH V
V
V
V V

CFDCF5H96CB8G V
V V
V
V

&CFH;5;9 CH<9F5GG9H
657?98 V V V V V
CAA=B;@98:IB8G V V V V V V
9F=J5H=J9:=B5B7=5@
=BGHFIA9BHG
B9H V V V
-CH5@:=L98=B7CA9

V

V

8@1>:-@5B1?
!98;9:IB8G V V V

V V V

)F=J5H99EI=HM V V V

V V V
+95@9GH5H9 V V V

V V V
-CH5@5@H9FB5H=J9G V V V

V V V

5G<
75G<9EI=J5@9BHG

5B8F9DIF7<5G9
5;F99A9BHG6 V V V
V V V

(H<9F7
V V V
V
V

-CH5@5GG9HG5H:5=F
J5@I9

4444444
5 9FH5=B5GG9HGH<5H5F9A95GIF985H:5=FJ5@I9IG=B;H<9'/D9FG<5F9CF=HG9EI=J5@9BHDF57H=75@9LD98=9BH<5J9BCH699B7@5GG=:=98=BH<9:5=F
J5@I9<=9F5F7<M
6 )F=A5F=@MG<CFHH9FA=BJ9GHA9BH:IB8GHCDFCJ=89@=EI=8=HMHCD@5B=BJ9GHA9BHA5B5;9FG
75G<<9@8HCD5M69B9:=HG
5B8F9DIF7<5G95;F99A9BHG
J5@I985H6=@@=CB=B.,D@5BG5B86=@@=CB=BBCB.,D@5BG
7 CF.,D@5BG
5ACIBHGF9@5H98HCB9HD9B8=B;G97IF=HMDIF7<5G9G G5@9G5B8B9HD9B8=B;:CF9=;B7IFF9B7MDIF7<5G9G G5@9GCFBCB.,D@5BG

DF=A5F=@MCF809F?9
D@5B5GG9HG=BGIF5B797CBHF57HJ5@I985H6=@@=CB5HM95F9B85B85ACIBHGF9@5H98HCB9HD9B8=B;G97IF=HM
DIF7<5G9G G5@9G5B8B9HD9B8=B;:CF9=;B7IFF9B7MDIF7<5G9G G5@9G

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'
%'% !'!'&-,2',3#"
-<9:C@@CK=B;H56@9GIAA5F=N9GH<97<5B;9G=B%9J9@89:=B9869B9:=HD9BG=CBD@5B5GG9HGA95GIF985H:5=FJ5@I9CB
5F97IFF=B;65G=G:CFH<9M95FG9B898979A69F=BA=@@=CBG

%1@A>:;:<8-:-??1@?
@@>5.A@-.81
-5> @;??1@? @@>5.A@-.81 -5>
)-8A1 180 @; !1@ '>-:?21>? )-8A1
-@ -@ ??1@? #A>/4-?1? :@;"A@;2 -@
-:A->E
1/19.1>
&;80 &1@@8191:@? 1B18 1/19.1>
.,)@5BG V V

'CB.,)@5BG5
V

%1@A>:;:<8-:-??1@?
@@>5.A@-.81
-5> @;??1@? @@>5.A@-.81 -5>
)-8A1 180 @; !1@ '>-:?21>? )-8A1
-@ -@ ??1@? #A>/4-?1? :@;"A@;2 -@
-:A->E
1/19.1>
&;80 &1@@8191:@? 1B18 1/19.1>
.,)@5BG V V

'CB.,)@5BG5

4444444
5 )F=A5F=@MCF809F?9D@5B5GG9HG=BGIF5B797CBHF57HJ5@I985H6=@@=CB5B86=@@=CB5HM95F9B85B8
F9GD97H=J9@M
!"'
&" ' !'&
09@95G9@5B8
895@9FG<=D:57=@=H=9G
C::=79G
8=GHF=6IH=CB79BH9FG
K5F9<CIG9G
5B89EI=DA9BHIB89F5;F99A9BHGK=H<
7CBHF57HI5@D9F=C8GF5B;=B;:FCA@9GGH<5BCB9M95FHCM95FG&5BMC:CIF@95G9G7CBH5=BCB9CFACF9CDH=CBGHC
9LH9B8"B79FH5=B895@9FG<=D@95G95;F99A9BHG
K95F9H<9H9B5BH5B8K9GI6@95G9H<9G=H9HC5895@9F"BH<99J9BHH<9
GI6@95G9=GH9FA=B5H98
K9<5J9H<9CDH=CBHCH9FA=B5H9H<9<958@95G909=B7@I89CDH=CBGH<5HK95F9F95GCB56@M
79FH5=BHC9L9F7=G9=BCIF9J5@I5H=CBC:H<9@95G9H9FA5:H9F7CBG=89F=B;5@@F9@9J5BH97CBCA=75B8:=B5B7=5@:57HCFG
%95G9GH<5H5F997CBCA=75@@MG=A=@5FHCH<9DIF7<5G9C:5B5GG9H5F97@5GG=:=985G:=B5B79@95G9G-<9@95G98XF=;<H
C:IG9Y5GG9HG=B:=B5B79@95G95FF5B;9A9BHG5F9F9DCFH98=B!0?;=:;0=?DCBCIF7CBGC@=85H9865@5B79G<99HG
(H<9FK=G9
H<9@95G9G5F97@5GG=:=985GCD9F5H=B;@95G9G5B8F9DCFH98=B"?30=,>>0?>=BH<9BCB7IFF9BH5GG9HGG97H=CBC:
CIF7CBGC@=85H9865@5B79G<99HG
CFH<9A5>CF=HMC:CIF@95G9G
K98CBCHG9D5F5H9H<9BCB@95G97CADCB9BHG9;
A5=BH9B5B795B8CD9F5H=B;
G9FJ=79G:FCAH<9@95G97CADCB9BHGHCK<=7<H<9MF9@5H9"BGH958
BCB@95G97CADCB9BHG5F9=B7@I898=BH<9
A95GIF9A9BHC:H<9@95G9@=56=@=H=9G!CK9J9F
K98CG9D5F5H9@95G95B8BCB@95G97CADCB9BHG:CF7CBHF57HG7CBH5=B=B;
5G=;B=:=75BHG9FJ=797CADCB9BH9;
9B9F;MD9F:CFA5B797CBHF57HG0975@7I@5H9H<9=B=H=5@@95G9@=56=@=HM5GH<9DF9G9BH
J5@I9C::=L98D5MA9BHGBCHM9HD5=85B8J5F=56@9D5MA9BHGH<5H5F965G98CB5A5F?9HF5H9CF5B=B89L9;
)"

A95GIF985H7CAA9B79A9BH-<9A5>CF=HMC:CIF@95G9G5F98=G7CIBH98IG=B;CIF=B7F9A9BH5@6CFFCK=B;F5H96975IG9
H<9F5H9=AD@=7=H=BH<9@95G9=GBCHF958=@M89H9FA=B56@9@@CH<9FJ5F=56@9D5MA9BHG5F99LD9BG985G=B7IFF98

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'
&" ' !'&-,2',3#"
%95G9F=;<HC:IG95GG9HG5B8@=56=@=H=9G5H979A69FK9F95G:C@@CKG=BA=@@=CBG

"<1>-@5:381-?1?
(H<9F5GG9HG
BCB7IFF9BH

(H<9F@=56=@=H=9G5B889:9FF98F9J9BI9
7IFF9BH
(H<9F@=56=@=H=9G5B889:9FF98F9J9BI9
BCB7IFF9BH

-CH5@CD9F5H=B;@95G9@=56=@=H=9G

5:-:/181-?1?
)FCD9FHM5B89EI=DA9BH
;FCGG
)FCD9FHM5B89EI=DA9BH
B9H

IHCACH=J9@CB;H9FA896H
-CH5@:=B5B79@95G9@=56=@=H=9G
-<95ACIBHG7CBHF57HI5@@M8I9CBCIF@95G9@=56=@=H=9G5GC:979A69F
"<1>-@5:3 5:-:/1
1-?1?- 1-?1?

-<9F95:H9F
-CH5@

%9GG)F9G9BHJ5@I98=G7CIBH
-CH5@@95G9@=56=@=H=9G

4444444
5 L7@I89G5DDFCL=A5H9@MA=@@=CB=B:IHIF9@95G9D5MA9BHG:CFJ5F=CIGCD9F5H=B;@95G9G7CAA9B7=B;=B5:IHIF9D9F=C8

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'
&" ' !'&-,2',3#"
,IDD@9A9BH5@75G<:@CK=B:CFA5H=CBF9@5H98HC@95G9G:CFH<9M95FG9B898979A69FK5G5G:C@@CKG=BA=@@=CBG

-?4<-502;>-9;A:@?5:/8A0105:@4191-?A>191:@;281-?185-.585@51?
(D9F5H=B;75G<:@CKG:FCACD9F5H=B;@95G9G
(D9F5H=B;75G<:@CKG:FCA:=B5B79@95G9G
=B5B7=B;75G<:@CKG:FCA:=B5B79@95G9G
%534@;2A?1-??1@?;.@-5:105:1D/4-:312;>81-?185-.585@51?
(D9F5H=B;@95G9G
=B5B79@95G9G5
-<97CADCB9BHGC:@95G99LD9BG9:CFH<9M95FG9B898979A69FK9F95G:C@@CKG=BA=@@=CBG

(D9F5H=B;@95G99LD9BG9
/5F=56@9@95G99LD9BG9
,I6@95G9=B7CA9
=B5B79@95G99LD9BG9
ACFH=N5H=CBC:F=;<HC:IG95GG9HG
"BH9F9GHCB@95G9@=56=@=H=9G
-CH5@@95G99LD9BG9
-<9K9=;<H985J9F5;9F9A5=B=B;@95G9H9FA5B8K9=;<H985J9F5;98=G7CIBHF5H95H979A69FK9F95G:C@@CKG

*1534@10-B1>-31>19-5:5:381-?1@1>95:E1->?
(D9F5H=B;@95G9G
=B5B79@95G9G5
*1534@10-B1>-3105?/;A:@>-@1
(D9F5H=B;@95G9G
=B5B79@95G9G
4444444
5 "B7@I89GH<9588=H=CBC:5M95F:=B5B79@95G9:CF56CIHA=@@=CBH<5H7CAA9B798=B#5BI5FM
!"'
'!" ' !'&
(IF896H7CBG=GHGC:G<CFHH9FA5B8@CB;H9FAG97IF985B8IBG97IF98896HG97IF=H=9G

5B8G97IF985B8IBG97IF98
6CFFCK=B;G:FCA65B?G5B8CH<9F@9B89FG96H=GGI5B79G5F9D@57988=F97H@M6MIGCFH<FCI;<G97IF=H=9G895@9FGCF
IB89FKF=H9FG5B85F9<9@86M=BGH=HIH=CB5@5B8F9H5=@=BJ9GHCFG"B588=H=CB
CF8F98=HGDCBGCFGG97IF=H=N5H=CBDFC;F5AG
H<5HDFCJ=89G<CFHH9FA5B8@CB;H9FA5GG9H657?98:=B5B7=B;H<FCI;<=BGH=HIH=CB5@=BJ9GHCFG=BH<9.,5B8=BH9FB5H=CB5@
75D=H5@A5F?9HG
96H=GF9DCFH98CBCIF7CBGC@=85H9865@5B79G<99HG5HD5FJ5@I958>IGH98:CFIB5ACFH=N988=G7CIBHCFDF9A=IA

IB5ACFH=N98=GGI5B797CGHG
5B858>IGHA9BHGF9@5H98HC89G=;B5H98:5=FJ5@I9<98;=B;G99'CH9=G7CIBHG

DF9A=IAG
5B87CGHG8=F97H@MF9@5H98HCH<9=GGI5B79C:896H5F975D=H5@=N985B85ACFH=N98CJ9FH<9@=:9C:H<9896HCFHC
H<9DIH85H95B85F9F97CF898=B=BH9F9GH9LD9BG9IG=B;H<99::97H=J9=BH9F9GHA9H<C8 5=BG5B8@CGG9GCBH<9
9LH=B;I=G<A9BHC:896H5F9F97CF898=B"?30=49.:807:>>90?

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'
'!" ' !'&-,2',3#"
-<975FFM=B;J5@I9C:IHCACH=J9
CF8F98=H
5B8(H<9F896H5H979A69FK5G5G:C@@CKG=BA=@@=CBG
:@1>1?@%-@1?
B1>-31;:@>-/@A-8 B1>-31221/@5B1-
A@;9;@5B1

1.@<-E-.81C5@45:;:1E1->
,<CFHH9FA
%CB;H9FAD5M56@9K=H<=BCB9M95F
.,9D5FHA9BHC:B9F;M8J5B798-97<BC@C;M
/9<=7@9G&5BI:57HIF=B;X(-/&Y"B79BH=J9
)FC;F5A
(H<9F896H
.B5ACFH=N988=G7CIBH DF9A=IA
-CH5@896HD5M56@9K=H<=BCB9M95F

;:3@1>901.@<-E-.81-2@1>;:1E1->
)I6@=7IBG97IF98896HG97IF=H=9G

9@5M988F5KH9FA@C5B

(-/&"B79BH=J9)FC;F5A

(H<9F896H

.B5ACFH=N98=GGI5B797CGHG
-CH5@@CB;H9FA896HD5M56@95:H9FCB9M95F

6 6 6 6
-CH5@IHCACH=J9

5=FJ5@I9C:IHCACH=J9896H7

;>0>105@
1.@<-E-.81C5@45:;:1E1->
,<CFHH9FA

%CB;H9FAD5M56@9K=H<=BCB9M95F
.BG97IF98896H

GG9H657?98896H

5=FJ5@I958>IGHA9BHG8
-CH5@896HD5M56@9K=H<=BCB9M95F

;:3@1>901.@<-E-.81-2@1>;:1E1->
.BG97IF98896H

GG9H657?98896H

5=FJ5@I958>IGHA9BHG8

-CH5@@CB;H9FA896HD5M56@95:H9FCB9M95F

6 6 6 6
-CH5@CF8F98=H

5=FJ5@I9C:CF8F98=H896H7

"@41>
%CB;H9FA896HD5M56@9K=H<=BCB9M95F
;:3@1>901.@<-E-.81-2@1>;:1E1->
.BG97IF98896H
.B5ACFH=N988=G7CIBH DF9A=IA5B8=GGI5B797CGHG
-CH5@@CB;H9FA896HD5M56@95:H9FCB9M95F 6 6 6 6
-CH5@(H<9F
5=FJ5@I9C:(H<9F896H
4444444444
5 J9F5;99::97H=J9F5H9GF9:@97HH<95J9F5;97CBHF57HI5@=BH9F9GHF5H9D@IG5ACFH=N5H=CBC:8=G7CIBHG
DF9A=IAG
5B8=GGI5B797CGHG
6 "B7@I89G=BH9F9GHCB@CB;H9FA896HD5M56@9K=H<=BCB9M95F5B85:H9FCB9M95F
7 H979A69F
5B8
H<9:5=FJ5@I9C:896H=B7@I89GA=@@=CB5B8A=@@=CBC:IHCACH=J9G<CFHH9FA896H5B86=@@=CB5B8
6=@@=CBC:CF8F98=HG<CFHH9FA896H
F9GD97H=J9@M
75FF=985H7CGHK<=7<5DDFCL=A5H9G:5=FJ5@I9@@CH<9F896H=G75H9;CF=N98K=H<=B%9J9@
C:H<9:5=FJ5@I9<=9F5F7<M
8 -<9G958>IGHA9BHG5F9F9@5H98HC<98;=B;57H=J=HM5B8=B7@I898=G7CBH=BI98<98;=B;F9@5H=CBG<=D58>IGHA9BHGC:A=@@=CB5B8A=@@=CB5H
979A69F
5B8
F9GD97H=J9@M-<975FFM=B;J5@I9C:<98;98896HK5G6=@@=CB5B86=@@=CB5H979A69F
5B8

F9GD97H=J9@M

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'
'!" ' !'&-,2',3#"
5G<D5=8:CF=BH9F9GHK5G6=@@=CB
6=@@=CB
5B86=@@=CB=B

5B8
F9GD97H=J9@M
CBIHCACH=J9
5B8(H<9F896H5G<D5=8:CF=BH9F9GHK5G6=@@=CB
6=@@=CB
5B86=@@=CB=B

5B8
F9GD97H=J9@M

CBCF8F98=H896H
-@A>5@51?
96HA5HIF=H=9G5H979A69F
';@-81.@

'41>1-2@1> 06A?@91:@? -@A>5@51?
A@;9;@5B1
)I6@=7IBG97IF98896HG97IF=H=9G V
V

(-/&"B79BH=J9)FC;F5A
V V V V

9@5M988F5KH9FA@C5B V
V V V V V

,<CFHH9FA5B8CH<9F896H

-CH5@

;>0>105@
.BG97IF98896H

GG9H657?98896H

-CH5@

"@41>
.BG97IF98896H V V V V

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'
'!" ' !'&-,2',3#"
A@;9;@5B1&1391:@
3 *'!,1#!30#" # 2#!30'2'#1
(IFDI6@=7IBG97IF98896HG97IF=H=9GCIHGH5B8=B;5H979A69FK9F95G:C@@CKG=BA=@@=CBG
33>13-@1#>5:/5<-89;A:@
"A@?@-:05:3
'5@81;2&1/A>5@E

0-09?@=0>/@0,9@,=D

!:?0>/@0;=47
V

!:?0>/@0;=47 V

0-09?@=0>/@0!:A08-0=

0-09?@=0>/@0@2@>?

!:?0>/@00.08-0=

0-09?@=0>/@00-=@,=D

0-09?@=0>/@0".?:-0=
5
0-09?@=0>/@00-=@,=D
5
!:?0>/@0;=47 V

"&/@0@7D

5

0-09?@=0>/@0,9@,=D

0-09?@=0>/@00-=@,=D

!:?0>/@0,9@,=D

0-09?@=0>/@0@90

0-09?@=0>/@0!:A08-0=

!:?0>/@00.08-0=

0-09?@=0>/@00-=@,=D

!:?0>/@0@90

!:?0>/@00.08-0=

0-09?@=0>/@0 ,D

-CH5@DI6@=7IBG97IF98896HG97IF=H=9G6

4444444444
5 %=GH98CBH<9%IL9A6CIF;L7<5B;95B8CBH<9,=B;5DCF9L7<5B;9
6 L7@I89G0-09?@=0>/@0&0;?08-0=

K=H<5BCIHGH5B8=B;65@5B795H979A69F
C:A=@@=CB-<9DFC7998G:FCA
H<9G9G97IF=H=9GK9F9CB@9BH6MCF8HCCF8!C@8=B;G5B85F9F9DCFH985G"?30=7:92?0=8/0-?

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'
'!" ' !'&-,2',3#"

,!#,2'4#0-%0+
"B,9DH9A69F
K99BH9F98=BHC5%C5BFF5B;9A9BH5B8+9=A6IFG9A9BH;F99A9BHK=H<H<9(
IB89FK<=7<
K96CFFCK98H<FCI;<AI@H=D@98F5KG6=@@=CBHC:=B5B7979FH5=B7CGHG:CF:I9@9::=7=9BH
58J5B798H97<BC@C;MJ9<=7@9G
H979A69F

5B5;;F9;5H96=@@=CBK5GCIHGH5B8=B;"B#IB9
H<9-/&@C5BK5GAC8=:=98
F98I7=B;
EI5FH9F@MDF=B7=D5@D5MA9BHG:FCAA=@@=CBHCA=@@=CB-<989:9FF98DCFH=CBC:H<9DF=B7=D5@D5MA9BHGK=@@698I9
IDCBCF=;=B5@A5HIF=HM=B#IB9-<9-/&@C5B695FG=BH9F9GH5H56@9B898F5H965G98CBH<9.,-F95GIFMM=9@8
7IFJ95HH<9H=A9957<8F5KK5GA589K=H<H<9K9=;<H985J9F5;9=BH9F9GHF5H9CB5@@GI7<8F5KG69=B;56CIHD9F
5BBIACBH<9DF=B7=D5@5ACIBH
5B85B588=H=CB5@D9F5BBIACBH<989:9FF98DCFH=CBC:H<9DF=B7=D5@5ACIBH
6.-02',,!#0-%0+
"BH<9G97CB8EI5FH9FC:
CF8&CHCFCAD5BM%=A=H98XCF8C:F=H5=BY
CIFCD9F5H=B;GI6G=8=5FM=BH<9.B=H98
$=B;8CA
9BH9F98=BHC
5B88F9K=B:I@@
5OA=@@=CBH9FA@C5B7F98=H:57=@=HMK=H<5GMB8=75H9C:65B?GHCGIDDCFHCF8C:
F=H5=BWG;9B9F5@9LDCFH57H=J=H=9G77CF8=B;@M
.$LDCFH=B5B79X.$YDFCJ=8985OA=@@=CB;I5F5BH99C:H<9
7F98=H:57=@=HMIB89F=HGLDCFH9J9@CDA9BH I5F5BH99G7<9A9
K<=7<GIDDCFHG<=;<J5@I97CAA9F7=5@@9B8=B;HC.$
9LDCFH9FG09<5J95@GC;I5F5BH998CF8C:F=H5=BWGC6@=;5H=CBGIB89FH<97F98=H:57=@=HMHCH<9@9B89FGGC:
979A69F

H<9:I@@OA=@@=CBF9A5=B98CIHGH5B8=B;-<=G:=J9M95F
BCB5ACFH=N=B;@C5BA5HIF9GCB#IB9

32-+-2'4#0#"'2!'*'2'#1
-CH5@CAD5BM7CAA=HH987F98=H@=B9G
9L7@I8=B;CF8F98=H
5H979A69F
K9F96=@@=CB
7CBG=GH=B;C:
6=@@=CBC:CIF7CFDCF5H97F98=H:57=@=HM
6=@@=CBC:CIFGIDD@9A9BH5@F9JC@J=B;7F98=H:57=@=HM
6=@@=CBC:CIF89@5M98
8F5KH9FA@C5B:57=@=HM
5B86=@@=CBC:@C75@7F98=H:57=@=H=9G"BH<9:=FGHEI5FH9FC:
K9GI6A=HH986CFFCK=B;BCH=79G
HCCIF@9B89FG:CFH<9:I@@5ACIBHGC:6CH<CIF7CFDCF5H97F98=H:57=@=HM5B8CIFGIDD@9A9BH5@F9JC@J=B;7F98=H:57=@=HM
5B86M
H<9H<=F8EI5FH9FC:
K9F9D5=8H<9:I@@5ACIBHGCIHGH5B8=B;IB89F957<:57=@=HMH979A69F

H<9IH=@=N98
DCFH=CBC:H<97CFDCF5H97F98=H:57=@=HMK5GA=@@=CB
F9DF9G9BH=B;5ACIBHGIH=@=N98:CF@9HH9FGC:7F98=H
5B8BCDCFH=CBC:
H<9GIDD@9A9BH5@F9JC@J=B;7F98=H:57=@=HMK5GIH=@=N98-<96=@@=CB89@5M988F5KH9FA@C5B:57=@=HMK5G8F5KB=B:I@@=B
5B8F9A5=BGCIHGH5B8=B;"B588=H=CB
56CIHA=@@=CBC:7CAA=HH98CAD5BM7F98=H@=B9G
9L7@I8=B;CF8F98=H

K5G5J5=@56@9IB89F@C75@7F98=H:57=@=H=9G:CFCIF5::=@=5H9G5GC:979A69F

%9B89FGIB89FCIF7CFDCF5H97F98=H:57=@=HM<5J9A=@@=CBC:7CAA=HA9BHGA5HIF=B;CBDF=@

6=@@=CBC:

5B86=@@=CBC:7CAA=HA9BHGA5HIF=B;CBDF=@
%9B89FGIB89FCIF
GIDD@9A9BH5@F9JC@J=B;7F98=H:57=@=HM<5J956CIHA=@@=CBC:7CAA=HA9BHGA5HIF=B;CBDF=@

5B86=@@=CB
C:7CAA=HA9BHGA5HIF=B;CB#I@M

-<97CFDCF5H97F98=H:57=@=HM=GIBG97IF985B8:F99C:A5H9F=5@58J9FG97<5B;97CB8=H=CBGHC6CFFCK=B;
F9GHF=7H=J9
:=B5B7=5@7CJ9B5BHG:CF9L5AD@9
=BH9F9GHCF:=L987<5F;97CJ9F5;9F5H=C
896HHC9EI=HMF5H=C
5B8A=B=AIAB9HKCFH<
F9EI=F9A9BHG
5B87F98=HF5H=B;HF=;;9FGH<5H7CI@8@=A=HCIF56=@=HMHCC6H5=B:IB8=B;CFHF=;;9F95F@MF9D5MA9BH-<9
7CFDCF5H97F98=H:57=@=HM7CBH5=BG5@=EI=8=HM7CJ9B5BHH<5HF9EI=F9GIGHCA5=BH5=B5A=B=AIAC:6=@@=CB=B5;;F9;5H9C:
8CA9GH=775G<
75G<9EI=J5@9BHG
5B8@C5B985B8A5F?9H56@9G97IF=H=9G5B8 CF5J5=@56=@=HMIB89FH<9:57=@=HMIFH<9F
H<9
H9FAGC:H<97CFDCF5H95B8GIDD@9A9BH5@F9JC@J=B;7F98=H:57=@=H=9GDFC<=6=HG<5F9F9DIF7<5G9GK=H<@=A=H989L79DH=CBG
K<=@95BMDCFH=CBC:9=H<9F:57=@=HM=GCIHGH5B8=B;5B8H<9D5MA9BHC:8=J=89B8GCBCIF7CAACBCF@5GGGHC7?K<=@9
ACF9H<5BC:H<95;;F9;5H95ACIBHC:7CAA=HA9BHGIB89FH<9HKC:57=@=H=9G=GIH=@=N98-<9H9FAG5B87CB8=H=CBGC:
H<989@5M988F5KH9FA@C5BCH<9FH<5BH<9F9GHF=7H=CBGCBG<5F9F9DIF7<5G9G5B88=J=89B8G5B8H<9GIDD@9A9BH5@
F9JC@J=B;7F98=H:57=@=HM5F97CBG=GH9BHK=H<CIF7CFDCF5H97F98=H:57=@=HM
57<C:H<97CFDCF5H97F98=H:57=@=HM
GIDD@9A9BH5@F9JC@J=B;7F98=H:57=@=HM
89@5M988F5KH9FA@C5B
5B8CIF%C5B
FF5B;9A9BH5B8+9=A6IFG9A9BH;F99A9BHK=H<H<9(=B7@I8957CJ9B5BHH<5HF9EI=F9GIGHCDFCJ=89;I5F5BH99G
:FCA79FH5=BC:CIFGI6G=8=5F=9G=BH<99J9BHH<5HCIFG9B=CF
IBG97IF98
@CB;H9FA896H8C9GBCHA5=BH5=B5H@95GHHKC
=BJ9GHA9BH;F589F5H=B;G:FCA=H7<
&CC8MWG
5B8,)-<9:C@@CK=B;GI6G=8=5F=9G<5J9DFCJ=898IBG97IF98;I5F5BH99G
HCH<9@9B89FGIB89FH<97F98=H:57=@=H=9G5B8HCH<9(CF8CADCB9BH,5@9G
%%CF8IFCD95B!C@8=B;G%%CF8
@C65@-97<BC@C;=9G
%%CF8!C@8=B;G%%H<9D5F9BH7CAD5BMC:CF8F98=HCF8"BH9FB5H=CB5@5D=H5@%%CF8
&9L=7C!C@8=B;G%%CF8&CHCF,9FJ=79CAD5BMCF8,A5FH&C6=@=HM%%5B8CF8-F58=B;CAD5BM
%%

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'
'!" ' !'&-,2',3#"
;>0>105@&1391:@
11#2!)#" # 2
H979A69F

H<975FFM=B;J5@I9C:CIF5GG9H657?98896HK5G6=@@=CB-<=GG97IF98896H=G=GGI986M
CF8F98=H5B8=B7@I89G5GG9H657?98G97IF=H=9GIG98HC:IB8CD9F5H=CBG5B8A5=BH5=B@=EI=8=HMGG9HGG97IF=B;H<9
F9@5H98896H=GGI985GD5FHC:5@@CIFG97IF=H=N5H=CBHF5BG57H=CBG5F9=B7@I898=BCIF7CBGC@=85H98F9GI@HG5B85F965G98
IDCBH<9@9;5@HF5BG:9FC:H<9IB89F@M=B;5GG9HG=BCF89FHCF9:@97H@9;5@CKB9FG<=D5B8H<969B9:=7=5@CKB9FG<=DC:H<9896H
<C@89F-<9H<=F8D5FHM=BJ9GHCFG=BH<9G97IF=H=N5H=CBHF5BG57H=CBG<5J9@9;5@F97CIFG9CB@MHCH<95GG9HGG97IF=B;H<9896H
5B88CBCH<5J9GI7<F97CIFG9HCIG
9L79DH:CFH<97IGHCA5FMF9DF9G9BH5H=CB5B8K5FF5BHMDFCJ=G=CBGCFK<9BK95F9
7CIBH9FD5FHMHC79FH5=B89F=J5H=J9HF5BG57H=CBGC:H<9GD97=5@DIFDCG99BH=H=9GX,)GY"B588=H=CB
H<975G<:@CKG
;9B9F5H986MH<95GG9HG5F9F9GHF=7H98CB@MHCD5MGI7<@=56=@=H=9GCF8F98=HF9H5=BGH<9F=;<HHCF9G=8I5@75G<:@CKG,99
'CH9:CF588=H=CB5@=B:CFA5H=CB
@H<CI;<BCH7CBHF57HI5@@MF9EI=F98
K9F9;I@5F@MGIDDCFHCIFK<C@9G5@9G97IF=H=N5H=CBDFC;F5AG6MF9DIF7<5G=B;
F979=J56@9GC:5895@9F:FCA5,)K<9BH<9895@9FWGD9F:CFA5B79=G5HF=G?
K<=7<HF5BG:9FGH<97CFF9GDCB8=B;F=G?C:@CGG
:FCAH<9,)HCIG"BCF89FHC7CBH=BI9HC:IB8H<9K<C@9G5@9F979=J56@9G
K95@GCA5M7CBHF=6IH9588=H=CB5@75G<CF
K<C@9G5@9F979=J56@9G=:H<97C@@5H9F5@:5@@G69@CKF9EI=F98@9J9@G-<9F9K9F9BC7CBHF=6IH=CBG=B5B8H<965@5B79C:
75G<F9@5H98HCH<9G97CBHF=6IH=CBGK5GH<FCI;<CIH-<965@5B79GC:75G<F9@5H98HCH<9G97CBHF=6IH=CBGK9F9
A=@@=CB5H979A69F

5B8F5B;98:FCAHCA=@@=CBH<FCI;<CIH
,)GH<5H5F99LDCG98HC=BH9F9GHF5H9CF7IFF9B7MF=G?A5MF98I79H<9=FF=G?G6M9BH9F=B;=BHC89F=J5H=J9HF5BG57H=CBG
"B79FH5=B=BGH5B79G
K9<5J99BH9F98=BHC89F=J5H=J9HF5BG57H=CBGK=H<H<97CIBH9FD5FHMHCDFCH97HH<97CIBH9FD5FHM:FCA
F=G?G56GCF698H<FCI;<89F=J5H=J9HF5BG57H=CBGK=H<H<9,)G9F=J5H=J9=B7CA9 9LD9BG9F9@5H98HCH<989F=J5H=J9
HF5BG57H=CBGH<5HGIDDCFHCF8F98=HWGG97IF=H=N5H=CBDFC;F5AGK9F9A=@@=CB
A=@@=CB
5B8A=@@=CB:CFH<9
M95FG9B898979A69F

5B8
F9GD97H=J9@M,99'CH9:CF588=H=CB5@=B:CFA5H=CBF9;5F8=B;H<9
577CIBH=B;:CF89F=J5H=J9G
"BH9F9GH9LD9BG9CBG97IF=H=N5H=CB896HK5G6=@@=CB
6=@@=CB
5B86=@@=CB=B

5B8

F9GD97H=J9@M
-<95GG9HG5B8@=56=@=H=9GF9@5H98HCCIF5GG9H657?98896H5FF5B;9A9BHG=B7@I898=BCIF7CBGC@=85H98:=B5B7=5@
GH5H9A9BHG5H979A69FK9F95G:C@@CKG=B6=@@=CBG

??1@?
=B5B79F979=J56@9G
B9H
5-.585@51?
96H5
4444444444
5 96H=GB9HC:IB5ACFH=N988=G7CIBH5B8=GGI5B797CGHG
-++'22#"0#"'2!'*'2'#1
H979A69F

CF8F98=HWG7CAA=HH9875D57=HMHCH5@986=@@=CB
7CAD5F98K=H<6=@@=CB5H
979A69F
CF8F98=HWG7CAA=HH9875D57=HM=GDF=A5F=@M7CADF=G98C:7CAA=HH985GG9H657?98G97IF=HM:57=@=H=9G
:FCA65B?GDCBGCF987CAA9F7=5@D5D9F7CB8I=HG5B8CH<9F:=B5B7=5@=BGH=HIH=CBG5B8IBG97IF987F98=H:57=@=H=9GK=H<
:=B5B7=5@=BGH=HIH=CBG

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"' %)')!!!&'%( !'&!!')'&
"BH<9BCFA5@7CIFG9C:6IG=B9GG
CIFCD9F5H=CBG5F99LDCG98HC;@C65@A5F?9HF=G?G
=B7@I8=B;H<99::97HC:7<5B;9G=B
79FH5=B7CAAC8=HMDF=79G
5B8=BH9F9GHF5H9G-CA5B5;9H<9G9F=G?G
K99BH9F=BHC
<=;<@M9::97H=J989F=J5H=J97CBHF57HG
Z CF9=;B7IFF9B7M9L7<5B;97CBHF57HG
=B7@I8=B;:CFK5F8G
H<5H5F9IG98HCA5B5;9:CF9=;B9L7<5B;99LDCGIF9
Z CAAC8=HM7CBHF57HG
=B7@I8=B;:CFK5F8G
H<5H5F9IG98HCA5B5;97CAAC8=HMDF=79F=G?
Z "BH9F9GHF5H97CBHF57HG
=B7@I8=B;GK5DG
H<5H5F9IG98HCA5B5;9H<99::97HGC:=BH9F9GHF5H9:@I7HI5H=CBG5B8
Z FCGG7IFF9B7M=BH9F9GHF5H9GK5D7CBHF57HGH<5H5F9IG98HCA5B5;9:CF9=;B7IFF9B7M5B8=BH9F9GHF5H99LDCGIF9G
CB:CF9=;B89BCA=B5H98896H
(IF89F=J5H=J9G5F9CJ9FH<97CIBH9F7IGHCA=N9889F=J5H=J9HF5BG57H=CBG5B85F9BCH9L7<5B;9HF589809F9J=9KCIF

<98;=B;DFC;F5A
89F=J5H=J9DCG=H=CBG
5B8CJ9F5@@F=G?A5B5;9A9BHGHF5H9;MCB5F9;I@5F65G=G
0=4A,?4A049,9.4,79>?=@809?>,9/0/20..:@9?4929F=J5H=J95GG9HG5F9F9DCFH98=B"?30=,>>0?>5B8
89F=J5H=J9@=56=@=H=9G5F9F9DCFH98=B#,D,-70>5B8"?30=74,-474?40>,9//010==0/=0A09@0
09<5J99@97H98HC5DD@M<98;9577CIBH=B;HC79FH5=B89F=J5H=J9G9F=J5H=J9GH<5H5F989G=;B5H98=B<98;=B;
F9@5H=CBG<=DG5F99J5@I5H98:CF9::97H=J9B9GGIG=B;F9;F9GG=CB5B5@MG=G5HH<9H=A9H<9M5F989G=;B5H985B8H<FCI;<CIHH<9
<98;9D9F=C8,CA989F=J5H=J9G8CBCHEI5@=:M:CF<98;9577CIBH=B;:CFCH<9FG
K99@97HBCHHC5DD@M<98;9577CIBH=B;
,>37:B0/20>(IFIHCACH=J9G9;A9BH<5G89G=;B5H9879FH5=B:CFK5F87CBHF57HG5G75G<:@CK<98;9GC:
:CF975GH98HF5BG57H=CBGK=H<9LDCGIF9HC:CF9=;B7IFF9B7M9L7<5B;95B87CAAC8=HMDF=79F=G?G
<5B;9G=BH<9:5=FJ5@I9C:75G<:@CK<98;9G5F989:9FF98=B..@8@7,?0/:?30=.:8;=0309>4A049.:807:>>5B8
5F9F97C;B=N98=B:>?:1>,70>K<9BH<9<98;98=H9A5::97HG95FB=B;G(IFDC@=7M=GHC8989G=;B5H9:CF9=;B7IFF9B7M
9L7<5B;975G<:@CK<98;9GDF=CFHCH<9H=A9:CF975GH98HF5BG57H=CBG5F9F97C;B=N985G5GG9HGCF@=56=@=H=9GCBCIF
7CBGC@=85H9865@5B79G<99HG5B8F9DCFHGI6G9EI9BH7<5B;9G=B:5=FJ5@I9H<FCI;<:>?:1>,70>":=H697CA9GDFC656@9
H<5HH<9CF=;=B5@@M:CF975GH98HF5BG57H=CBK=@@BCHC77IF
H<9F9@5H985ACIBH=B7@I898=B..@8@7,?0/:?30=.:8;=0309>4A0
49.:807:>>=GF97@5GG=:=985B8F97C;B=N98=B95FB=B;G-<975G<:@CKG5GGC7=5H98K=H<<98;9G89G=;B5H98IBH=@A5HIF=HM
5F9F9DCFH98=B!0?.,>3;=:A4/0/-D@>0/49:;0=,?492,.?4A4?40>CBCIF7CBGC@=85H98GH5H9A9BHC:75G<:@CKG(IF75G<
:@CK<98;9GA5HIF9K=H<=BH<F99M95FG
,4=),7@00/20>(IFCF8F98=HG9;A9BHIG9G89F=J5H=J9GHCF98I79H<9F=G?C:7<5B;9G=BH<9:5=FJ5@I9C:896H
09<5J989G=;B5H9879FH5=BF979=J9:=L98
D5M:@C5H=BH9F9GHF5H95B87FCGG7IFF9B7M=BH9F9GHF5H9GK5DG5G:5=FJ5@I9
<98;9GC::=L98F5H9896H-<9F=G?69=B;<98;98=GH<9F=G?C:7<5B;9G=BH<9:5=FJ5@I9C:H<9<98;98896H5HHF=6IH56@9HC
7<5B;9G=BH<969B7<A5F?=BH9F9GHF5H95B8:CF9=;B9L7<5B;909F9DCFHH<97<5B;9=B:5=FJ5@I9C:H<9<98;98896H
F9@5H98HCH<97<5B;9=B69B7<A5F?=BH9F9GHF5H9=B:=/=0/4?/0-?5B8:=/=0/4?49?0=0>?:;0=,?492,9/:?30=
0C;09>0>09F9DCFHH<97<5B;9=B:5=FJ5@I9C:H<9<98;98896H5B8<98;=B;=BGHFIA9BHF9@5H98HC:CF9=;B7IFF9B7M=B
"?30=49.:807:>>90?'9H=BH9F9GHG9HH@9A9BHG5B8577FI5@G
5B8:5=FJ5@I97<5B;9GCB<98;=B;=BGHFIA9BHG8I9HCH<9
69B7<A5F?=BH9F9GHF5H97<5B;95F9F9DCFH98=B:=/=0/4?49?0=0>?:;0=,?492,9/:?30=0C;09>0>-<975G<:@CKG
5GGC7=5H98K=H<:5=FJ5@I9<98;9G5F9F9DCFH98=B!0?.,>3;=:A4/0/-D@>0/49:;0=,?492,.?4A4?40>CBCIF7CBGC@=85H98
GH5H9A9BHGC:75G<:@CKG
0<9B5:5=FJ5@I9<98;9=G8989G=;B5H98
CFK<9BH<989F=J5H=J9=GH9FA=B5H9869:CF9A5HIF=HM
H<9:5=FJ5@I9
58>IGHA9BHHCH<9<98;98896H7CBH=BI9GHC69F9DCFH985GD5FHC:H<975FFM=B;J5@I9C:H<9896H5B8=GF97C;B=N98=B:=/
=0/4?49?0=0>?:;0=,?492,9/:?30=0C;09>0>CJ9F=HGF9A5=B=B;@=:9
0=4A,?4A0>!:?0>429,?0/,>0/24929>?=@809?>(IFIHCACH=J9G9;A9BHF9DCFHG7<5B;9G=BH<9:5=FJ5@I9C:
89F=J5H=J9GBCH89G=;B5H985G<98;=B;=BGHFIA9BHGH<FCI;<:>?:1>,70>5G<:@CKG5GGC7=5H98K=H<BCB89G=;B5H98CF
8989G=;B5H9889F=J5H=J9G5F9F9DCFH98=B!0?.,>3;=:A4/0/-D@>0/4949A0>?492,.?4A4?40>CBCIF7CBGC@=85H98
GH5H9A9BHGC:75G<:@CKG
(IFCF8F98=HG9;A9BHF9DCFHGH<9;5=BG @CGG9GCB89F=J5H=J9GBCH89G=;B5H985G<98;=B;=BGHFIA9BHG=B"?30=
49.:807:>>90?5G<:@CKG5GGC7=5H98K=H<BCB89G=;B5H98CF8989G=;B5H9889F=J5H=J9G5F9F9DCFH98=B!0?.,>3
;=:A4/0/-D@>0/4949A0>?492,.?4A4?40>CBCIF7CBGC@=85H98GH5H9A9BHGC:75G<:@CKG

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"' %)')!!!&'%( !'&!!')'&-,2',3#"
!:=8,7#@=.3,>0>,9/!:=8,7&,70>7,>>414.,?4:909<5J99@97H98HC5DD@MH<9BCFA5@DIF7<5G9G5B8BCFA5@
G5@9G7@5GG=:=75H=CB:CFD<MG=75@GIDD@M7CBHF57HGH<5H5F99BH9F98=BHC:CFH<9DIFDCG9C:DFC7IF=B;7CAAC8=H=9GHC69IG98
=BDFC8I7H=CBCJ9F5F95GCB56@9D9F=C8=BH<9BCFA5@7CIFG9C:CIF6IG=B9GG
:/;91221/@;21>5B-@5B15:-:/5-8:?@>A91:@?
-<9;5=BG @CGG9G
6M<98;989G=;B5H=CB
F9DCFH98=B=B7CA9:CFH<9M95FG9B898979A69FK9F95G:C@@CKG
=BA=@@=CBG

-?428;C41031?
%1/8-??525102>;9"@;;?@;2?-81?
CF9=;B7IFF9B7M9L7<5B;97CBHF57HG5
CAAC8=HM7CBHF57HG6 V
-5>B-8A141031?
:@1>1?@>-@1/;:@>-/@?
'9H=BH9F9GHG9HH@9A9BHG5B8577FI5@GCB<98;=B;=BGHFIA9BHG
5=FJ5@I97<5B;9GCB<98;=B;=BGHFIA9BHG
5=FJ5@I97<5B;9GCB<98;98896H
>;??/A>>1:/E5:@1>1?@>-@1?C-</;:@>-/@?
'9H=BH9F9GHG9HH@9A9BHG5B8577FI5@GCB<98;=B;=BGHFIA9BHG V V
5=FJ5@I97<5B;9GCB<98;=B;=BGHFIA9BHG V V
5=FJ5@I97<5B;9GCB<98;98896H V V
1>5B-@5B1?:;@01?53:-@10-?41035:35:?@>A91:@?
CF9=;B7IFF9B7M9L7<5B;97CBHF57HG7
FCGG7IFF9B7M=BH9F9GHF5H9GK5D7CBHF57HG
"BH9F9GHF5H97CBHF57HG
CAAC8=HM7CBHF57HG V
-CH5@
4444444444
5 CF

5B8
5A=@@=CB;5=B
5BA=@@=CB@CGG
5B85A=@@=CB;5=B
F9GD97H=J9@M
K9F9F9DCFH98=B"?30=.:8;=0309>4A0
49.:807:>>90?:1?,C
6 CF5B8
5A=@@=CB@CGG5B85A=@@=CB;5=B
F9GD97H=J9@M
K9F9F9DCFH98=B"?30=.:8;=0309>4A049.:807:>>90?:1?,C
7 CF

5B8
5A=@@=CB;5=B
5A=@@=CB;5=B
5B85A=@@=CB@CGG
F9GD97H=J9@M
K9F9F9DCFH98=B:>?:1>,70>5B85
A=@@=CB;5=B
5A=@@=CB;5=B
5B85BA=@@=CB@CGGK9F9F9DCFH98=B"?30=49.:807:>>90?F9GD97H=J9@M

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"' %)')!!!&'%( !'&!!')'&-,2',3#"
-8-:/1&411@221/@;21>5B-@5B15:-:/5-8:?@>A91:@?
9F=J5H=J95GG9HG5B8@=56=@=H=9G5F9F9DCFH98CBCIF7CBGC@=85H9865@5B79G<99HG5H:5=FJ5@I95B85F9DF9G9BH98CB5
;FCGG65G=G-<9BCH=CB5@5ACIBHGC:H<989F=J5H=J9=BGHFIA9BHG8CBCHB979GG5F=@MF9DF9G9BH5ACIBHG9L7<5B;986MH<9
D5FH=9G5B85F9BCH58=F97HA95GIF9C:CIF:=B5B7=5@9LDCGIF9095@GC9BH9F=BHCA5GH9F5;F99A9BHGK=H<7CIBH9FD5FH=9G
H<5HA5M5@@CK:CFB9HH=B;C:9LDCGIF9G=BH<99J9BHC:89:5I@HCF6F957<C:H<97CIBH9FD5FHM5;F99A9BHC@@5H9F5@
F9DF9G9BHG75G<F979=J98CFD5=8IB89FF97=DFC75@5FF5B;9A9BHGH<5HK9<5J99BH9F98=BHCK=H<CIF89F=J5H=J9
7CIBH9FD5FH=9G
K<=7<K98CBCHIG9HCC::G9HCIF89F=J5H=J95GG9HG5B8@=56=@=H=9G
-<9:5=FJ5@I9C:CIF89F=J5H=J9=BGHFIA9BHG5B8H<95GGC7=5H98BCH=CB5@5ACIBHG5H979A69FK9F95G:C@@CKG
=BA=@@=CBG

-5>)-8A1;2 -5>)-8A1;2 -5>)-8A1;2 -5>)-8A1;2
!;@5;:-8 ??1@? 5-.585@51? !;@5;:-8 ??1@? 5-.585@51?
-?428;C41031?
CF9=;B7IFF9B7M9L7<5B;97CBHF57HG

CAAC8=HM7CBHF57HG
-5>B-8A141031?

FCGG7IFF9B7M=BH9F9GHF5H9GK5D
7CBHF57HG V V V V
1>5B-@5B1?:;@01?53:-@10-?41035:3
5:?@>A91:@?
CF9=;B7IFF9B7M9L7<5B;97CBHF57HG

FCGG7IFF9B7M=BH9F9GHF5H9GK5D
7CBHF57HG


CAAC8=HM7CBHF57HG
-CH5@89F=J5H=J9:=B5B7=5@=BGHFIA9BHG

;FCGG56

IFF9BHDCFH=CB

'CB7IFF9BHDCFH=CB

-CH5@89F=J5H=J9:=B5B7=5@=BGHFIA9BHG

;FCGG

4444444444
5 H979A69F
5B8
K9<9@87C@@5H9F5@C:A=@@=CB5B8A=@@=CB
F9GD97H=J9@M
5B8K9DCGH987C@@5H9F5@C:A=@@=CB5B8
A=@@=CB
F9GD97H=J9@M
6 H979A69F
5B8
H<9:5=FJ5@I9C:5GG9HG5B8@=56=@=H=9G5J5=@56@9:CF7CIBH9FD5FHMB9HH=B;K5GA=@@=CB5B8A=@@=CB

F9GD97H=J9@M@@89F=J5H=J9G5F975H9;CF=N98K=H<=B%9J9@C:H<9:5=FJ5@I9<=9F5F7<M

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'
#",&#%'"!'"!&!+'!&#"&')'&
09F97CF87CGHG5GGC7=5H98K=H<JC@IBH5FMG9D5F5H=CBG5HH<9H=A9C:9AD@CM995779DH5B79
IB@9GGH<95779DH5B79
F9EI=F9G9LD@=7=H5DDFCJ5@6MH<9CAD5BM09F97CF87CGHG5GGC7=5H98K=H<=BJC@IBH5FMG9D5F5H=CBDFC;F5AGK<9B
A5B5;9A9BH<5G5DDFCJ98H<9D@5B:CFG9D5F5H=CB
H<95::97H989AD@CM99G5F9=89BH=:=98
5B8=H=GIB@=?9@MH<5H57H=CBG
F9EI=F98HC7CAD@9H9H<9G9D5F5H=CBD@5BK=@@7<5B;9G=;B=:=75BH@MCGHG5GGC7=5H98K=H<69B9:=HGH<5H5F97CBH=B;9BHCB
H<99AD@CM997CBH=BI=B;HCDFCJ=89G9FJ=795F9577FI98CJ9FH<9F9EI=F98G9FJ=79D9F=C8
A@;9;@5B1&1391:@
*- *#"#1'%,
GDF9J=CIG@M5BBCIB798
K95F99L97IH=B;5;@C65@F989G=;BC:CIF6IG=B9GG+989G=;BF9@5H9857H=J=H=9G
=B7@I8=B;
9AD@CM99G9D5F5H=CB7CGHG
:57=@=HM5B8CH<9F5GG9HF9@5H987<5F;9G9;
=AD5=FA9BH
5779@9F5H9889DF97=5H=CB
895@9F
5B8GIDD@=9FD5MA9BHG
CH<9FGH5HIHCFM5B87CBHF57HI5@C6@=;5H=CBG
5B8CH<9F9LD9BG9G
5F9F97CF898=B:>?:1>,70>5B8
&077492,/8494>?=,?4A0,9/:?30=0C;09>0>9@CK5F957H=CBGK9<5J9=B=H=5H985GD5FHC:H<9F989G=;B
=,E47"B96FI5FM
CF8&CHCFCAD5BMF5G=@%H85XCF8F5N=@Y
CIFGI6G=8=5FM=BF5N=@
7CAA=HH98HC5
D@5BHC9L=HH<97CAA9F7=5@<95JMHFI7?6IG=B9GG=B,CIH<A9F=75G5F9GI@H
CF8F5N=@795G98DFC8I7H=CB5HH<9,QC
9FB5F8C8C5ADCD@5BH=BF5N=@8IF=B;CF8F5N=@7CAD@9H985G5@9C:H<9D@5BHA57<=B9FM5B89EI=DA9BH=B
H<9H<=F8EI5FH9FC:5B8H<9@5B85B86I=@8=B;G=BH<9:CIFH<EI5FH9FC:
"B979A69F
CF8F5N=@7CAA=HH98HC5D@5BHC9L=HA5BI:57HIF=B;CD9F5H=CBG=BF5N=@
K<=7<K=@@F9GI@H=BH<9
7@CGIF9C::57=@=H=9G=B5A5R5F=
-5I65HS
5B8-FC@@9F=B)FC8I7H=CB=B5A5R5F=5B8-5I65HSHCGIDDCFHB9KJ9<=7@9
G5@9G795G98=B#5BI5FM
K=H<5@=A=H985ACIBHC:D5FHGDFC8I7H=CB7CBH=BI=B;:CF5:9KACBH<GHCGIDDCFH
=BJ9BHCF=9G:CF5:H9FA5F?9HG5@9G-<9-FC@@9FD@5BHK=@@795G9CD9F5H=CBG=BH<9:CIFH<EI5FH9FC:-<9G957H=CBGK=@@
BCHF9GI@H=BCF8F5N=@69=B;GI6GH5BH=5@@M@=EI=85H98
5G=HK=@@7CBH=BI9=ADCFH98J9<=7@9G5@9G5B87IGHCA9FGIDDCFH
CD9F5H=CBG
5B8A5=BH5=BH<9DFC8I7H89J9@CDA9BH79BH9F=B5<=5
H<9DFCJ=B;;FCIB8G=B-5HIT
,QC)5I@C
5B8H<9
F9;=CB5@<958EI5FH9FG=B,QC)5I@C
%@>>4,"B&5F7<
CF8,C@@9FG'9H<9F@5B8G/XCF8,C@@9FGY
5>C=BHJ9BHIF969HK99BCF85B8,C@@9FG
)#,X,C@@9FGY=BK<=7<CF8<587CBHFC@
5BBCIB798=HGD@5BHCF9GHFI7HIF9=HG6IG=B9GG=B+IGG=5HC:C7IG9L7@IG=J9@MCB
7CAA9F7=5@J9<=7@9G5B8HC9L=HH<9D5GG9B;9F75FG9;A9BHG5F9GI@HC:H<9G957H=CBG
CF857EI=F98CKB9FG<=D
C:CF8,C@@9FG5B8795G98DFC8I7H=CB5HH<9'569F9N<BM9<9@BM5B8,H)9H9FG6IF;J9<=7@95GG9A6@MD@5BHG5B8H<9
@56I;59B;=B9D@5BH8IF=B;H<9G97CB8EI5FH9FC:
,I6G9EI9BHHC7CAD@9H=CBC:H<9F9GHFI7HIF=B;57H=CBG
=B#I@M
CF8GC@857CBHFC@@=B;=BH9F9GH=BH<9
F9GHFI7HIF989BH=HMHC,C@@9FG
K<=7<F9GI@H98=B897CBGC@=85H=CBC:H<9CF8,C@@9FGGI6G=8=5FM(IF7CBH=BI98=BJC@J9A9BH
=BCF8,C@@9FG=G577CIBH98:CF5G5B9EI=HMA9H<C8=BJ9GHA9BH
"BH<9:CIFH<EI5FH9FC:
K95@GC7CAD@9H985G5@9C:79FH5=BA5BI:57HIF=B;5GG9HG
(94?0/492/:8"B#IB9
CF8C:F=H5=B5BBCIB798=HGD@5BHC9L=HH<9CF8F=8;9B8D@5BH=B,CIH<05@9G=B
CF8C:F=H5=B795G98DFC8I7H=CB5HH<9F=8;9B8D@5BH5B8H<9:57=@=HMK5G7@CG98=B,9DH9A69F
9/4,"BH<9H<=F8EI5FH9FC:
CF87CAA=HH98HC5D@5BHCG9@@GD97=:=7B9H5GG9HG=BCIF"B8=5IHCACH=J9
CD9F5H=CBG(B979A69F

CF85B8&5<=B8F5&5<=B8F5%=A=H98X&5<=B8F5YAIHI5@@M89H9FA=B98H<5HK9K=@@
BCH7CAD@9H9H<9>C=BHJ9BHIF9,99'CH9:CF588=H=CB5@=B:CFA5H=CB
"?30=7:-,7%0/0>429.?4:9>"B
K95BBCIB798CIFD@5BHC9B8DFC8I7H=CB5HH<9CF8EI=H5=B9"B8IGHF=9G
D@5BH=BCF895IL
F5B7909795G98DFC8I7H=CB5B8H<9:57=@=HMK5G7@CG98=B#I@M"B&5F7<
K95BBCIB798
CIFD@5BHCD<5G9CIHH<9DFC8I7H=CBC:H<9&5L5HH<9,55F@CI=GC8M5B8GG9A6@M)@5BH=B 9FA5BM09795G98
DFC8I7H=CBC:H<9&5L=B#IB9"B588=H=CB
K95F97CBH=BI=B;HCF98I79CIF;@C65@KCF?:CF795B8H5?9CH<9F
F9GHFI7HIF=B;57H=CBG

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'
#",&#%'"!'"!&!+'!&#"&')'&-,2',3#"
-<9:C@@CK=B;H56@9GIAA5F=N9GH<9F989G=;BF9@5H9857H=J=H=9G:CFH<9M95FG9B898979A69F
K<=7<5F9F97CF898
=B"?30=74,-474?40>,9//010==0/=0A09@0=BA=@@=CBG

9;=BB=B;65@5B79
<5B;9G=B577FI5@G5

)5MA9BHG
CF9=;B7IFF9B7MHF5BG@5H=CB
B8=B;65@5B79

4444444444
5L7@I89GD9BG=CB7CGHGC:A=@@=CB5B8A=@@=CB=B5B8
F9GD97H=J9@M
095@GCF97CF8986=@@=CBC:BCB75G<7<5F;9G=B:CFH<9=AD5=FA9BHC:CIF"B8=5IHCACH=J9CD9F5H=CBG

5779@9F5H9889DF97=5H=CB
5B8CH<9F=H9AG"B
K95@GCF97CF8986=@@=CBC:BCB75G<7<5F;9GF9@5H98HCH<9KF=H9
C::C:79FH5=BH5L5B8CH<9F5GG9HG=B,CIH<A9F=75
5779@9F5H9889DF97=5H=CB
5B8CH<9F=H9AG"B588=H=CB
K9F97C;B=N98
5DF9H5LB9H;5=BCBG5@9C:5GG9HG=BF5N=@5B8+IGG=5C:A=@@=CB
K=H<75G<DFC7998GC:A=@@=CB
=B
099GH=A5H9H<5HK9K=@@=B7IFHCH5@7<5F;9G=BH<5HF5B;969HK99B6=@@=CB5B86=@@=CBF9@5H98HCH<9

57H=CBG56CJ9
DF=A5F=@M5HHF=6IH56@9HC9AD@CM99G9D5F5H=CBG
5779@9F5H9889DF97=5H=CB
5B8895@9F5B8GIDD@=9F
G9HH@9A9BHG
2&#0
!2'-,1
(94?0/@?:8:-4700=:>;,.0,9/2=4.@7?@=,78;70809?*:=60=>:180=4.,H(*I):7@9?,=D&0;,=,?4:9
#,.6,20>G5;F998=BH<97C@@97H=J965F;5=B=B;5;F99A9BHF5H=:=98=B'CJ9A69F
8IF=B;H<9:=FGHEI5FH9FC:

K9C::9F98JC@IBH5FMG9D5F5H=CBD57?5;9GHCCIF.0<CIF@MKCF?:CF79K<CK9F99@=;=6@9:CFBCFA5@CF95F@MF9H=F9A9BH

5B8F97CF8985GGC7=5H987CGHGC:A=@@=CB=B:>?:1>,70>@@G9D5F5H=CBGC77IFF988IF=B;

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'"%&"#%'"!&!!&!!)&' !'&!'&
A@;9;@5B1&1391:@
9/4,"BH<9H<=F8EI5FH9FC:
K97CAA=HH98HC5D@5BHCG9@@GD97=:=7B9H5GG9HG=BCIF"B8=5IHCACH=J9
CD9F5H=CBG099BH9F98=BHC589:=B=H=J95;F99A9BHHC:CFA5>C=BHJ9BHIF9K=H<&5<=B8F5HCG9@@79FH5=B"B8=5IHCACH=J9
CD9F5H=CBGHCH<9>C=BHJ9BHIF977CF8=B;@M
K9F9DCFH98H<95GG9HG5B8@=56=@=H=9GC:H<9G9CD9F5H=CBG5G<9@8:CFG5@9:CF
H<9M95F9B898979A69F

5G:C@@CKG=BA=@@=CBG

??1@?
-F5895B8CH<9FF979=J56@9G
B9H
"BJ9BHCF=9G
(H<9F5GG9HG
7IFF9BH
'9HDFCD9FHM
(H<9F5GG9HG
BCB7IFF9BH
-CH5@5GG9HGC:<9@8:CFG5@9CD9F5H=CBG
%9GG"BH9F7CAD5BM5GG9H65@5B79G
IHCACH=J9G9;A9BHHCH5@5GG9HGC:<9@8:CFG5@9CD9F5H=CBG5
5-.585@51?
)5M56@9G
(H<9F@=56=@=H=9G5B889:9FF98F9J9BI9
7IFF9BH
(H<9F@=56=@=H=9G5B889:9FF98F9J9BI9
BCB7IFF9BH
-CH5@@=56=@=H=9GC:<9@8:CFG5@9CD9F5H=CBG
%9GG"BH9F7CAD5BM@=56=@=HM65@5B79G
IHCACH=J9G9;A9BHHCH5@@=56=@=H=9GC:<9@8:CFG5@9CD9F5H=CBG5
4444444444
5 GC:979A69F

=BH9F7CAD5BM=H9AG5B8HF5BG57H=CBG<5J9699B9@=A=B5H98CBH<97CBGC@=85H9865@5B79G<99HG09<5J9DF9G9BH98
H<CG965@5B79G=BH<9H56@9:CF=B:CFA5H=CB5@DIFDCG9G
09F97C;B=N98
=B:>?:1>,70>
DF9H5L=AD5=FA9BH7<5F;9GC:A=@@=CB5B8A=@@=CB8IF=B;H<9M95FG9B898
979A69F
5B8
F9GD97H=J9@M
HC58>IGHH<975FFM=B;J5@I9C:H<9<9@8:CFG5@95GG9HGHC:5=FJ5@I9@9GG7CGHHC
G9@@-<9J5@I9=GA95GIF98CB5BCBF97IFF=B;65G=G5B875H9;CF=N98K=H<=B%9J9@C:H<9:5=FJ5@I9<=9F5F7<M09
89H9FA=B98:5=FJ5@I9IG=B;5A5F?9H5DDFC57<
9GH=A5H9865G98CBH<9B9;CH=5H98J5@I9C:H<95GG9HG
G5F9GI@HC::IB85A9BH5@7<5B;9G=B;@C65@97CBCA=75B86IG=B9GG7CB8=H=CBG8IF=B;
75IG98=BD5FH6MH<9
;@C65@D5B89A=7
CB979A69F

K95B8&5<=B8F5AIHI5@@M89H9FA=B98H<5HK9K=@@BCH7CAD@9H9H<9>C=BH
J9BHIF977CF8=B;@M
5H979A69F

H<95GG9HG5B8@=56=@=H=9GC:CIF"B8=5IHCACH=J9CD9F5H=CBG<5J9699B
F97@5GG=:=985B8F9DCFH985G<9@85B8IG98975IG9H<975FFM=B;J5@I9C:H<9B9H5GG9HG5DDFCL=A5H98:5=FJ5@I95H
979A69F

H<9DF9H5L=AD5=FA9BH7<5F;9GF97CF898=B5B8K9F9BCH58>IGH985G5F9GI@HC:H<9
F97@5GG=:=75H=CBHC<9@85B8IG98
;.585@E&1391:@
(B#IB9

K97CAD@9H985HF5BG57H=CBK=H</0H<5HF98I798CIFCKB9FG<=D=BH9F9GH=BH<95IHCBCACIGJ9<=7@9
H97<BC@C;M7CAD5BMF;C"5B8F9GI@H98=BCF85B8/0<C@8=B;9EI5@=BH9F9GHG=BF;C"
K=H<H<9F9A5=B=B;=BH9F9GHG
7CBG=GH=B;C:=B79BH=J9IB=HG5B8:CIB89FGW9EI=HM-<9HF5BG57H=CB=BJC@J98IGG9@@=B;5DCFH=CBC:CIFF;C"9EI=HMHC/0
:CFA=@@=CB5B8/0A5?=B;588=H=CB5@=BJ9GHA9BHG=BF;C"
=B7@I8=B;7CBHF=6IH=B;=HGIHCBCACIG"BH9@@=;9BHF=J=B;
7CAD5BMG5F9GI@HC:H<9HF5BG57H=CB
K9897CBGC@=85H98F;C"
F9A95GIF98CIFF9H5=B98=BJ9GHA9BH=BF;C"5H:5=F
J5@I9
5B8F97C;B=N9856=@@=CB;5=B=B"?30=49.:807:>>
C:K<=7<6=@@=CBF9@5H98HCCIFF9H5=B98=BJ9GHA9BH=B
F;C"09A95GIF98H<9:5=FJ5@I9C:F;C"IG=B;H<9=B7CA95DDFC57<-<9G=;B=:=75BH5GGIADH=CBGIG98=BH<9
J5@I5H=CB=B7@I898F;C"WGDFC>97H98@CB;H9FA75G<:@CKG5B8F9@5H98H9FA=B5@J5@I9
8=G7CIBH985H5F5H9HMD=75@@MIG98
:CF57CAD5BM5HF;C"WGGH5;9C:89J9@CDA9BH

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'"%&"#%'"!&!!&!!)&' !'&!'&-,2',3#"
(IFF9H5=B98=BJ9GHA9BH=BF;C"=AA98=5H9@M5:H9FH<9HF5BG57H=CB7CBG=GH98C:5B9EI=HMA9H<C8=BJ9GHA9BHC:
6=@@=CB5B85DF9:9FF989EI=HMG97IF=HM=BJ9GHA9BHC:A=@@=CB
F9:@97H98CBCIF7CBGC@=85H9865@5B79G<99HG=B
<@4?D4990?,>>0?>:1,11474,?0/.:8;,940>5B8"?30=,>>0?>
F9GD97H=J9@M-<98=::9F9B7969HK99BH<9:5=FJ5@I9C:CIF
9EI=HMA9H<C8=BJ9GHA9BH5B8CIFG<5F9C:H<975FFM=B;J5@I9C:F;C"WGB9H5GG9HGDF=A5F=@MF9@5H98HC=B89:=B=H9@=J98
5GG9HG095@GC5;F998HC:IHIF9:IB8=B;C:F;C"C:A=@@=CB
GI6>97HHC75D=H5@75@@G
K<=7<K=@@=B7F95G9CIF
DF9:9FF989EI=HM=BJ9GHA9BHGC:979A69F

A=@@=CBC:H<95;F998:IHIF9:IB8=B;F9A5=BG
;>0>105@&1391:@
"BH<9:CIFH<EI5FH9FC:
CF8F98=H7CAA=HH98HC5D@5BHCG9@@=HGCD9F5H=CBG=BCFGC
5K<C@@MCKB98GI6G=8=5FM
C:CF8F98=H
H<5HDFCJ=898F9H5=@5B8895@9F:=B5B7=B;=B9BA5F?
=B@5B8
'CFK5M
5B8,K989BG5F9GI@H
K9
7@5GG=:=98H<95GG9HG5B8@=56=@=H=9GC:H<9G9CD9F5H=CBG5G<9@8:CFG5@95B8F97C;B=N985DF9H5L:5=FJ5@I9=AD5=FA9BH
7<5F;9C:A=@@=CB
F9DCFH98=B"?30=49.:807:>>90?
=BH<9:CIFH<EI5FH9FC:
-<95GG9HG5B8@=56=@=H=9GC:H<9CFGCCD9F5H=CBG7@5GG=:=985G<9@8:CFG5@9:CFH<9M95F9B898979A69F

1/19.1>

??1@?
CF8F98=H:=B5B79F979=J56@9G
B9H
7IFF9BH
-F5895B8CH<9FF979=J56@9G
B9H
(H<9F5GG9HG
7IFF9BH
CF8F98=H:=B5B79F979=J56@9G
B9H
BCB7IFF9BH
'9HDFCD9FHM
9:9FF98=B7CA9H5L9G
(H<9F5GG9HG
BCB7IFF9BH
-CH5@5GG9HGC:<9@8:CFG5@9CD9F5H=CBG

%9GG"BH9F7CAD5BM5GG9H65@5B79G
CF8F98=HG9;A9BHHCH5@5GG9HGC:<9@8:CFG5@9CD9F5H=CBG5

5-.585@51?
)5M56@9G
(H<9F@=56=@=H=9G5B889:9FF98F9J9BI9
7IFF9BH
CF8F98=H@CB;H9FA896H

9:9FF98=B7CA9H5L9G
-CH5@@=56=@=H=9GC:<9@8:CFG5@9CD9F5H=CBG

%9GG"BH9F7CAD5BM@=56=@=HM65@5B79G

CF8F98=HG9;A9BHHCH5@@=56=@=H=9GC:<9@8:CFG5@9CD9F5H=CBG5
4444444444
5 GC:979A69F

=BH9F7CAD5BM=H9AG5B8HF5BG57H=CBG<5J9699B9@=A=B5H98CBH<97CBGC@=85H9865@5B79G<99HG.DCB7@CG=B;
H<96IM9F
5GGIA98H<9=BH9F7CAD5BM5GG9HG5B8@=56=@=H=9G77CF8=B;@M
K9<5J9DF9G9BH98H<CG965@5B79G=BH<9H56@9:CF=B:CFA5H=CB5@DIFDCG9G
"BH<9:=FGHEI5FH9FC:
CF8F98=H7CAD@9H98H<9G5@9C:CFGCF97C;B=N=B;5DF9H5L@CGGC:A=@@=CB
F9DCFH98
=B"?30=49.:807:>>90?
5B875G<DFC7998GC:6=@@=CB

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'( ('"'%" #%!&)!" "&&
-<97<5B;9G=BH<965@5B79G:CF957<7CADCB9BHC:577IAI@5H98CH<9F7CADF9<9BG=J9=B7CA9 @CGG5HHF=6IH56@9HC
CF8&CHCFCAD5BM:CFH<9M95FG9B898979A69FK9F95G:C@@CKG=BA=@@=CBG

;>153:/A>>1:/E@>-:?8-@5;:
9;=BB=B;65@5B79

5=BG %CGG9GCB:CF9=;B7IFF9B7MHF5BG@5H=CB

%9GG-5L -5L69B9:=H5
'9H;5=BG @CGG9GCB:CF9=;B7IFF9B7MHF5BG@5H=CB
5=BG %CGG9GF97@5GG=:=98:FCA("HCB9H=B7CA96
B9HC:H5L7
B8=B;65@5B79

->71@-.81?1/A>5@51?
9;=BB=B;65@5B79
5=BG %CGG9GCB5J5=@56@9:CFG5@9G97IF=H=9G
%9GG-5L -5L69B9:=H
'9H;5=BG @CGG9GCB5J5=@56@9:CFG5@9G97IF=H=9G
%9GG-5L -5L69B9:=H V
'9H;5=BG @CGG9GF97@5GG=:=98:FCA("HCB9H=B7CA9
B9HC:H5L
B8=B;65@5B79
1>5B-@5B15:?@>A91:@?
9;=BB=B;65@5B79
5=BG %CGG9GCB89F=J5H=J9=BGHFIA9BHG
%9GG-5L -5L69B9:=H
'9H;5=BG @CGG9GCB89F=J5H=J9=BGHFIA9BHG
%9GG-5L -5L69B9:=H
'9H;5=BG @CGG9GF97@5GG=:=98:FCA("HCB9H=B7CA98
B9HC:H5L
B8=B;65@5B79
#1:?5;:-:0;@41><;?@>1@5>191:@.1:125@?
9;=BB=B;65@5B79

)F=CFG9FJ=797CGHG 7F98=HG5F=G=B;8IF=B;H<9D9F=C8
%9GG-5L -5L69B9:=H
'9HDF=CFG9FJ=797CGHG 7F98=HG5F=G=B;8IF=B;H<9D9F=C8
ACFH=N5H=CB5B8F97C;B=H=CBC:DF=CFG9FJ=797CGHG 7F98=HG9
%9GG-5L -5L69B9:=H
'9HDF=CFG9FJ=797CGHG 7F98=HGF97@5GG=:=98:FCA("HCB9H=B7CA9
-F5BG@5H=CB=AD57HCBBCB.,D@5BG
B9HC:H5L
B8=B;65@5B79

-CH5@("9B8=B;65@5B795H979A69F

4444444444
5 098CBCHF97C;B=N989:9FF98H5L9G:CF5A5>CF=HMC:H<9:CF9=;B7IFF9B7MHF5BG@5H=CB;5=BG5B8@CGG9G6975IG9K98CBCH5BH=7=D5H9F9J9FG5@=BH<9
:CF9G9956@9:IHIF9!CK9J9F
K9<5J9A5899@97H=CBGHCH5L79FH5=BBCB.,CD9F5H=CBGG=AI@H5B9CIG@M=B.,H5LF9HIFBG
5B8<5J9F97CF898
89:9FF98H5L9G:CFH9ADCF5FM8=::9F9B79GH<5HK=@@F9J9FG9
=B89D9B89BHC:F9D5HF=5H=CBD@5BG
=B.,H5LF9HIFBG-5L9GCFH5L69B9:=HGF9GI@H=B;:FCA
:CF9=;B7IFF9B7MHF5BG@5H=CBC:H<9H9ADCF5FM8=::9F9B79G5F9F97CF898=B"?30=.:8;=0309>4A049.:807:>>90?:1?,C
6 +97@5GG=:=98HC"?30=49.:807:>>90?
7 "B
9L7@I89G5@CGGC:A=@@=CBF9@5H98HCBCB7CBHFC@@=B;=BH9F9GHG
8 +97@5GG=:=98HC:>?:1>,70>IF=B;H<9B9LHHK9@J9ACBH<GK99LD97HHCF97@5GG=:M9L=GH=B;B9H@CGG9GCB75G<:@CK<98;9GC:A=@@=CB,99
'CH9:CF588=H=CB5@=B:CFA5H=CB
9 8:=?4E,?4:9,9/=0.:294?4:9:1;=4:=>0=A4.0.:>?>.=0/4?>=G=B7@I898=BH<97CADIH5H=CBC:B9HD9F=C8=7D9BG=CB7CGH =B7CA9,99'CH9:CF
588=H=CB5@=B:CFA5H=CB

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"' )%!'%&'!''&
/"=G5B9BH=HMH<5H9=H<9F=<5G=BGI::=7=9BH9EI=HMHC:=B5B79=HG57H=J=H=9GK=H<CIH588=H=CB5@GI6CF8=B5H98
:=B5B7=5@GIDDCFH
CF==<5G9EI=HM=BJ9GHCFGK<C@57?H<97<5F57H9F=GH=7GC:57CBHFC@@=B;:=B5B7=5@=BH9F9GH09
7CBGC@=85H9/"GC:K<=7<K95F9H<9DF=A5FM69B9:=7=5FM097CBG=89FCIFG9@J9GH<9DF=A5FM69B9:=7=5FMC:5/"
K<9BK9<5J96CH<H<9DCK9FHC8=F97HH<957H=J=H=9GH<5HACGHG=;B=:=75BH@M=AD57HH<99BH=HMWG97CBCA=7D9F:CFA5B79
5B8H<9C6@=;5H=CBHC56GCF6@CGG9GCFH<9F=;<HHCF979=J969B9:=HG:FCAH<99BH=HMH<5H7CI@8DCH9BH=5@@M69G=;B=:=75BHHC
H<9/"GG9HGF97C;B=N985G5F9GI@HC:7CBGC@=85H=B;H<9G9/"G8CBCHF9DF9G9BH588=H=CB5@5GG9HGH<5H7CI@869
IG98HCG5H=G:M7@5=AG5;5=BGHCIF;9B9F5@5GG9HG%=56=@=H=9GF97C;B=N985G5F9GI@HC:7CBGC@=85H=B;H<9G9/"G8CBCH
F9DF9G9BH588=H=CB5@7@5=AGCBCIF;9B9F5@5GG9HGF5H<9F
H<9MF9DF9G9BH7@5=AG5;5=BGHH<9GD97=:=75GG9HGC:H<9
7CBGC@=85H98/"G
09<5J9H<9DCK9FHC8=F97HH<9G=;B=:=75BH57H=J=H=9GC:5B9BH=HMK<9BCIFA5B5;9A9BH<5GH<956=@=HMHCA5?9?9M
CD9F5H=B;897=G=CBG
GI7<5G897=G=CBGF9;5F8=B;75D=H5@=BJ9GHA9BHCFA5BI:57HIF=B;DFC8I7H=CBG7<98I@9GCF
G97IF=H=N5H=CB9BH=H=9G
K9<5J9H<9DCK9FHC8=F97HG=;B=:=75BH57H=J=H=9GK<9BK9<5J9H<956=@=HMHC9L9F7=G98=G7F9H=CB
=BH<9G9FJ=7=B;C::=B5B7=5@5GG9HG
=GGI9588=H=CB5@896H
9L9F7=G95IB=@5H9F5@75@@CDH=CB
5885GG9HGHCF9JC@J=B;
GHFI7HIF9G
CF7CBHFC@=BJ9GHA9BH897=G=CBG
1-$&'!&#0#-22&#0'+07#,#$'!'07
9FH5=BC:CIF=BJ9GHA9BHG=B5::=@=5H9G5F9/"G
=BK<=7<H<9DCK9FHC8=F97H97CBCA=75@@MG=;B=:=75BH57H=J=H=9G=G
G<5F98K=H<CH<9F=BJ9GHCFG(IF=BJ9GHA9BHG=BH<9G95::=@=5H9G5F9577CIBH98:CF5G9EI=HMA9H<C8=BJ9GHA9BHG5B8
=B
H<975G9C:F;C"
5@GC5G5DF9:9FF989EI=HMG97IF=HM=BJ9GHA9BH(IFA5L=AIA9LDCGIF9HC5BMDCH9BH=5@@CGG9G
5GGC7=5H98K=H<H<9G95::=@=5H9G=G@=A=H98HCCIF=BJ9GHA9BHG
=B7@I8=B;@C5BG
5B8K5GA=@@=CB5B86=@@=CB5H
979A69F
5B8
F9GD97H=J9@M-<9=B7F95G9:FCA979A69F
DF=A5F=@MF9:@97HGCIF=BJ9GHA9BHG
=BF;C"=BH<9G97CB8EI5FH9FC:,99'CH9:CF588=H=CB5@=B:CFA5H=CB
1-$&'!&#0#2&#0'+07#,#$'!'07
&0.@=4?4E,?4:99?4?40>-<FCI;<CF8F98=H
K9G97IF=H=N9
HF5BG:9F
5B8G9FJ=79:=B5B7=5@5GG9HG5GGC7=5H98K=H<
7CBGIA9F:=B5B79F979=J56@9G
CD9F5H=B;@95G9G
5B8K<C@9G5@9@C5BG(IFG97IF=H=N5H=CBHF5BG57H=CBGHMD=75@@M=BJC@J9
H<9@9;5@HF5BG:9FC::=B5B7=5@5GG9HGHC65B?FIDH7MF9ACH9,)G09;9B9F5@@MF9H5=B97CBCA=7=BH9F9GHG=BH<95GG9H
657?98G97IF=H=N5H=CBHF5BG57H=CBG
K<=7<5F9F9H5=B98=BH<9:CFAC:G9B=CFCFGI6CF8=B5H98=BH9F9GHG
75G<F9G9FJ9
577CIBHG
F9G=8I5@=BH9F9GHG
5B8G9FJ=7=B;F=;<HGCF577CIBH=B;DIFDCG9G
K95F9DF97@I898:FCAF97CF8=B;H<9
HF5BG:9FGC:5GG9HG=BG97IF=H=N5H=CBHF5BG57H=CBG5GG5@9G"BACGH75G9G
H<965B?FIDH7MF9ACH9,)GA99HH<9
89:=B=H=CBC:/"G:CFK<=7<K95F9H<9DF=A5FM69B9:=7=5FM5B8
H<9F9:CF9
5F97CBGC@=85H9809577CIBH:CF5@@
G97IF=H=N5H=CBHF5BG57H=CBG5G=:H<9MK9F9G97IF98:=B5B7=B;5B8H<9F9:CF9H<95GG9HG
@=56=@=H=9G
5B8F9@5H9857H=J=HMC:
H<9G9HF5BG57H=CBG5F97CBGC@=85H98=BCIF:=B5B7=5@GH5H9A9BHG,99'CH9:CF588=H=CB5@=B:CFA5H=CBCBH<9
577CIBH=B;:CF5GG9H657?98896H5B8H<95GG9HGG97IF=B;H<=G896H

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'" ' !'&!"!'!!&
CAA=HA9BHG5B87CBH=B;9B7=9GDF=A5F=@M7CBG=GHC:;I5F5BH99G5B8=B89AB=:=75H=CBG
@=H=;5H=CB5B87@5=AG
5B8
K5FF5BHM5B8:=9@8G9FJ=7957H=CBG
A->-:@11?-:0:019:525/-@5;:?
49,9.4,7@,=,9?00>=B5B7=5@;I5F5BH99G5B8=B89AB=:=75H=CBG5F9F97CF8985H:5=FJ5@I95HH<9=F=B79DH=CB
,I6G9EI9BHHC=B=H=5@F97C;B=H=CB
H<9;I5F5BH99@=56=@=HM=G58>IGH985H957<F9DCFH=B;D9F=C8HCF9:@97HH<97IFF9BH9GH=A5H9
C:9LD97H98D5MA9BHGF9GI@H=B;:FCADCGG=6@989:5I@H9J9BHGCJ9FH<9F9A5=B=B;@=:9C:H<9;I5F5BH99-<9A5L=AIA
DCH9BH=5@D5MA9BHG:CF:=B5B7=5@;I5F5BH99GK9F9A=@@=CB5B8A=@@=CB5H979A69F
5B8

F9GD97H=J9@M-<975FFM=B;J5@I9C:F97CF898@=56=@=H=9GF9@5H98HC:=B5B7=5@;I5F5BH99GK5GA=@@=CB5B8A=@@=CB5H
979A69F
5B8
F9GD97H=J9@M
(IF:=B5B7=5@;I5F5BH99G7CBG=GHC:896H5B8@95G9C6@=;5H=CBGC:79FH5=B>C=BHJ9BHIF9G
5GK9@@5G79FH5=B:=B5B7=5@
C6@=;5H=CBGC:CIHG=89H<=F8D5FH=9G
=B7@I8=B;GIDD@=9FG
HCGIDDCFHCIF6IG=B9GG5B897CBCA=7;FCKH<LD=F5H=CB85H9G
J5FMH<FCI;<
5B8;I5F5BH99GK=@@H9FA=B5H9CBD5MA9BH5B8 CF75B79@@5H=CBC:H<9IB89F@M=B;C6@=;5H=CBD5MA9BH
6MIGKCI@869HF=;;9F986M:5=@IF9C:H<9>C=BHJ9BHIF9CFCH<9FH<=F8D5FHMHC:I@:=@@=HGC6@=;5H=CB7CJ9F986MH<9;I5F5BH99
"BGCA97=F7IAGH5B79G
K95F99BH=H@98HCF97CJ9F:FCA5H<=F8D5FHM5ACIBHGD5=86MIGIB89FH<9;I5F5BH99
!:949,9.4,7@,=,9?00>'CB:=B5B7=5@;I5F5BH99G5B8=B89AB=:=75H=CBG5F9F97CF8985H:5=FJ5@I95HH<9=F
=B79DH=CB09F9;I@5F@MF9J=9KCIFD9F:CFA5B79F=G?IB89FH<9G95FF5B;9A9BHG
5B8=BH<99J9BH=H697CA9GDFC656@9K9
K=@@69F9EI=F98HCD9F:CFAIB89F5;I5F5BH99CF=B89AB=HM
H<95ACIBHC:DFC656@9D5MA9BH=GF97CF898-<9A5L=AIA
DCH9BH=5@D5MA9BHG:CFBCB:=B5B7=5@;I5F5BH99GK9F9A=@@=CB5B8A=@@=CB5H979A69F
5B8

F9GD97H=J9@M-<975FFM=B;J5@I9C:F97CF898@=56=@=H=9GF9@5H98HCBCB:=B5B7=5@;I5F5BH99GK5GA=@@=CB5B8A=@@=CB
5H979A69F
5B8
F9GD97H=J9@M
09;I5F5BH99H<9F9G5@9J5@I9C:J9<=7@9GGC@8=B79FH5=B5FF5B;9A9BHGHC85=@MF9BH5@7CAD5B=9G-<9A5L=AIA
DCH9BH=5@D5MA9BHC:A=@@=CB5GC:979A69F
F9DF9G9BHGH<9HCH5@DFC7998GK9;I5F5BH99H<9F9BH5@
7CAD5BMK=@@F979=J9CBF9G5@9+9:@97H=B;CIFDF9G9BH9GH=A5H9C:DFC7998GH<9F9BH5@7CAD5B=9GK=@@F979=J9CBF9G5@9
:FCAH<=F8D5FH=9G
K9<5J9F97CF898A=@@=CB5GCIF69GH9GH=A5H9C:H<95ACIBHK9K=@@<5J9HCD5MIB89FH<9
;I5F5BH99
"BH<9CF8=B5FM7CIFG9C:6IG=B9GG
K99L97IH97CBHF57HG=BJC@J=B;=B89AB=:=75H=CBGGH5B85F8=BH<9=B8IGHFM5B8
=B89AB=:=75H=CBGGD97=:=7HC5HF5BG57H=CB
GI7<5GH<9G5@9C:56IG=B9GG-<9G9=B89AB=:=75H=CBGA=;<H=B7@I895B85F9
BCH@=A=H98HC7@5=AGF9@5H=B;HC5BMC:H<9:C@@CK=B;9BJ=FCBA9BH5@
H5L
5B8G<5F9<C@89FA5HH9FG=BH9@@97HI5@DFCD9FHM
F=;<HGDCK9F;9B9F5H=CB7CBHF57HG;CJ9FBA9BH5@F9;I@5H=CBG5B89AD@CMA9BHF9@5H98A5HH9FG895@9F
GIDD@=9F
5B8CH<9F
7CAA9F7=5@7CBHF57HI5@F9@5H=CBG<=DG5B8:=B5B7=5@A5HH9FG
GI7<5GG97IF=H=N5H=CBG)9F:CFA5B79IB89FH<9G9=B89AB=H=9G
;9B9F5@@MKCI@869HF=;;9F986M56F957<C:7CBHF57H7@5=A6FCI;<H6M57CIBH9FD5FHM
=B7@I8=B;5>C=BHJ9BHIF9CF5@@=5B79
D5FHB9F
CF5H<=F8D5FHM7@5=A0<=@9GCA9C:H<9G9=B89AB=:=75H=CBG5F9@=A=H98=BB5HIF9
A5BMC:H<9A8CBCH@=A=H
DCH9BH=5@D5MA9BH-<9F9:CF9
K95F9IB56@9HC9GH=A5H95A5L=AIA5ACIBHC::IHIF9D5MA9BHGH<5H7CI@8F9GI@H:FCA
7@5=AGA589IB89FH<9G9IB@=A=H98=B89AB=H=9G

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'" ' !'&!"!'!!&-,2',3#"
5@53-@5;:-:08-59?
/5F=CIG@9;5@57H=CBG
DFC7998=B;G
5B87@5=AG;9B9F5@@M
XA5HH9FGY5F9D9B8=B;CFA5M69=BGH=HIH98CF5GG9FH98
5;5=BGHIG-<9G9=B7@I89
6IH5F9BCH@=A=H98HC
A5HH9FG5F=G=B;CIHC:5@@9;9889:97HG=BCIFDFC8I7HGDFC8I7H
K5FF5BH=9G;CJ9FBA9BH5@F9;I@5H=CBGF9@5H=B;HCG5:9HM
9A=GG=CBG
5B8:I9@97CBCAMCFCH<9FA5HH9FG;CJ9FBA9BH
=B79BH=J9GH5LA5HH9FG5@@9;98=@@9;5@57HGF9GI@H=B;=B:=B9GCFD9B5@H=9G:=B5B7=5@G9FJ=79G9AD@CMA9BHF9@5H98A5HH9FG
895@9F
GIDD@=9F
5B8CH<9F7CBHF57HI5@F9@5H=CBG<=DG=BH9@@97HI5@DFCD9FHMF=;<HG9BJ=FCBA9BH5@A5HH9FGG<5F9<C@89FCF
=BJ9GHCFA5HH9FG5B8:=B5B7=5@F9DCFH=B;A5HH9FG9FH5=BC:H<9D9B8=B;@9;5@57H=CBG5F9
CFDIFDCFHHC69
7@5GG57H=CBG
,CA9C:H<9A5HH9FG=BJC@J9CFA5M=BJC@J97@5=AG:CF7CAD9BG5HCFM
DIB=H=J9
CF5BH=HFIGHCFCH<9FHF96@985A5;9G=BJ9FM
@5F;95ACIBHG
CF89A5B8G:CF:=9@8G9FJ=7957H=CBG
9BJ=FCBA9BH5@F9A98=5H=CBDFC;F5AG
G5B7H=CBG
@CGGC:;CJ9FBA9BH
=B79BH=J9G
5GG9GGA9BHG
CFCH<9FF9@=9:
K<=7<
=:;F5BH98
KCI@8F9EI=F9J9FM@5F;99LD9B8=HIF9G
-<99LH9BHC:CIF:=B5B7=5@9LDCGIF9HCH<9G9A5HH9FG=G8=::=7I@HHC9GH=A5H9&5BMA5HH9FG8CBCHGD97=:M58C@@5F
5ACIBH:CF85A5;9G
5B8A5BMCH<9FGGD97=:MCB@M5>IF=G8=7H=CB5@A=B=AIA-CH<99LH9BH5B5ACIBH=G5GG9FH98
CIF
<=GHCF=75@9LD9F=9B79GI;;9GHGH<5H=BACGH=BGH5B79GH<95ACIBH5GG9FH98=GBCH5F9@=56@9=B8=75HCFC:H<9I@H=A5H9
CIH7CA9
09577FI9:CFA5HH9FGK<9B@CGG9G5F9899A98DFC656@95B8F95GCB56@M9GH=A56@9"B9J5@I5H=B;A5HH9FG:CF577FI5@
5B88=G7@CGIF9DIFDCG9G
K9H5?9=BHC7CBG=89F5H=CB:57HCFGGI7<5GCIF<=GHCF=75@9LD9F=9B79K=H<A5HH9FGC:5G=A=@5F
B5HIF9
H<9GD97=:=7:57HG5B87=F7IAGH5B79G5GG9FH98
H<9@=?9@=<CC8H<5HK9K=@@DF9J5=@
5B8H<9G9J9F=HMC:5BMDCH9BH=5@
@CGG09F99J5@I5H95B8ID85H9CIF577FI5@G5GA5HH9FGDFC;F9GGCJ9FH=A9
CFH<9A5>CF=HMC:A5HH9FG
K<=7<;9B9F5@@M5F=G9CIHC:5@@9;9889:97HG=BCIFDFC8I7HG
K99GH56@=G<5B577FI5@65G98
CBCIF9LH9BG=J9<=GHCF=75@9LD9F=9B79K=H<G=A=@5FA5HH9FG098CBCH69@=9J9H<9F9=G5F95GCB56@MDCGG=6@9CIH7CA9
A5H9F=5@@M=B9L79GGC:CIF577FI5@:CFH<9G9A5HH9FG
CFH<9F9A5=B=B;A5HH9FG
K<9F9CIF<=GHCF=75@9LD9F=9B79K=H<G=A=@5FA5HH9FG=GC:ACF9@=A=H98J5@I9=9
XBCB
D5HH9FBA5HH9FGY
K99J5@I5H9H<9A5HH9FGDF=A5F=@M65G98CBH<9=B8=J=8I5@:57HG5B87=F7IAGH5B79GCFBCBD5HH9FB
A5HH9FG
K99J5@I5H9K<9H<9FH<9F9=G5F95GCB56@9DCGG=6=@=HMC:5A5H9F=5@@CGG=B9L79GGC:5BM577FI5@H<5H75B69
9GH=A5H98(IF9GH=A5H9C:F95GCB56@MDCGG=6@9@CGG=B9L79GGC:CIF577FI5@G:CF5@@A5H9F=5@A5HH9FG7IFF9BH@MF9:@97HG
=B8=F97HH5L5B87IGHCAGA5HH9FG
:CFK<=7<K99GH=A5H9H<95;;F9;5H9F=G?HC695F5B;9C:IDHC56CIHA=@@=CB
5
897F95G9C:56CIHA=@@=CB:FCA,9DH9A69F

DF=A5F=@MF9:@97H=B;5B577FI5@=BH<9:CIFH<EI5FH9FC::CF
=B8=F97HH5LA5HH9FG
GBCH98
H<9@=H=;5H=CBDFC79GG=GGI6>97HHCA5BMIB79FH5=BH=9G
5B8H<9CIH7CA9C:=B8=J=8I5@A5HH9FG=GBCH
DF98=7H56@9K=H<5GGIF5B79(IF5GG9GGA9BHG5F965G98CBCIF?BCK@98;95B89LD9F=9B79
6IHH<9I@H=A5H9CIH7CA9C:
5BMA5HH9F7CI@8F9EI=F9D5MA9BHGI6GH5BH=5@@M=B9L79GGC:H<95ACIBHH<5HK9<5J9577FI985B8 CF8=G7@CG98

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'" ' !'&!"!'!!&-,2',3#"
*->>-:@E-:05180&1>B5/1/@5;:?
09577FI9H<99GH=A5H987CGHC:6CH<65G9K5FF5BHM7CJ9F5;9G5B8:=9@8G9FJ=7957H=CBG5HH<9H=A9C:G5@909
9GH56@=G<CIF9GH=A5H9C:65G9K5FF5BHMC6@=;5H=CBGIG=B;5D5HH9FB989GH=A5H=CBAC89@
IG=B;<=GHCF=75@=B:CFA5H=CB
F9;5F8=B;H<9B5HIF9
:F9EI9B7M
5B85J9F5;97CGHC:7@5=AG:CF957<J9<=7@9@=B96MAC89@M95F099GH56@=G<CIF
9GH=A5H9GC::=9@8G9FJ=7957H=CBC6@=;5H=CBGIG=B;5D5HH9FB989GH=A5H=CBAC89@
IG=B;<=GHCF=75@=B:CFA5H=CBF9;5F8=B;H<9
B5HIF9
:F9EI9B7M
G9J9F=HM
5B85J9F5;97CGHC:7@5=AG:CF957<AC89@M95F"B588=H=CB
:FCAH=A9HCH=A9
K9=GGI9
9LH9B898K5FF5BH=9G5HCIF9LD9BG9
H<99GH=A5H987CGHC:K<=7<=G577FI985HH<9H=A9C:=GGI5B7905FF5BHM5B8:=9@8
G9FJ=7957H=CBC6@=;5H=CBG5F9F9DCFH98=B"?30=74,-474?40>,9//010==0/=0A09@009F99J5@I5H9H<9589EI57MC:CIF
577FI5@GCB5F9;I@5F65G=G
09F97C;B=N9H<969B9:=H:FCA5F97CJ9FMC:H<97CGHG5GGC7=5H98K=H<CIFK5FF5BHM5B8:=9@8G9FJ=7957H=CBGK<9B
GD97=:=7GC:H<9F97CJ9FM<5J9699B5;F998K=H<CIFGIDD@=9F5B8H<95ACIBHC:F97CJ9FM=GJ=FHI5@@M79FH5=B+97CJ9F=9G
5F9F9DCFH98=B'=,/0,9/:?30==0.04A,-70>90?5B8"?30=,>>0?>
-<99GH=A5H9C:CIF:IHIF9K5FF5BHM5B8:=9@8G9FJ=7957H=CB7CGHG
B9HC:9GH=A5H98GIDD@=9FF97CJ9F=9G
:CFH<9M95FG
9B898979A69FK5G5G:C@@CKG=BA=@@=CBG

9;=BB=B;65@5B79

)5MA9BHGA5898IF=B;H<9D9F=C8

<5B;9G=B577FI5@F9@5H98HCK5FF5BH=9G=GGI988IF=B;H<9D9F=C8

<5B;9G=B577FI5@F9@5H98HCDF99L=GH=B;K5FF5BH=9G

CF9=;B7IFF9B7MHF5BG@5H=CB5B8CH<9F
B8=B;65@5B79

3,920>49,..=@,7=07,?0/?:;=00C4>?492B,==,9?40>=BH<9H56@956CJ9=B7@I89G7<5B;9GHCCIF9GH=A5H987CGHG5G
K9@@5G5A=@@=CB7<5F;9=BCIF:CIFH<EI5FH9FF9GI@HG:CF5:=9@8G9FJ=7957H=CBF9@5H98HCH<F99A=@@=CB-5?5H5
5=F65;=B:@5HCFG,9D5F5H9@M
'!-,5B8H<95IHCACH=J9=B8IGHFM5F97IFF9BH@M9B;5;98=B5GHI8MC:H<9G5:9HMC:
5DDFCL=A5H9@MA=@@=CB-5?5H589G=775H985=F65;=B:@5HCFG=BH<9.B=H98,H5H9G(:H<9G9
5DDFCL=A5H9@M
H<F995B85<5@:A=@@=CBC:H<9=B:@5HCFG5F9=BCIFJ9<=7@9G,<CI@8'!-,89H9FA=B9H<5HH<9=B:@5HCFG7CBH5=B5G5:9HM
89:97H
CF85B8CH<9FA5BI:57HIF9FG7CI@8DCH9BH=5@@M:579G=;B=:=75BH=B7F9A9BH5@F975@@7CGHG

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'& !'!"% '"!
09F9DCFHG9;A9BH=B:CFA5H=CB7CBG=GH9BHK=H<H<9K5MCIF7<=9:CD9F5H=B;897=G=CBA5?9FX(&Y9J5@I5H9GH<9
CD9F5H=B;F9GI@HG5B8D9F:CFA5B79C:H<9CAD5BM77CF8=B;@M
K95B5@MN9H<9F9GI@HGC:CIF6IG=B9GGH<FCI;<H<9
:C@@CK=B;G9;A9BHGIHCACH=J9
&C6=@=HM
5B8CF8F98=H::97H=J9#5BI5FM

7CBG=GH9BHK=H<<CKCIF(&
5GG9GG9GD9F:CFA5B79C:H<9G9;A9BHG5B8A5?9G897=G=CBG56CIHF9GCIF795@@C75H=CBG
K95F97<5B;=B;H<9
A95GIF9A9BHC:CIFG9;A9BHG5G:C@@CKG=7CGHG5B869B9:=HGF9@5H98HC9BH9FDF=G97CBB97H=J=HM57H=J=H=9G=B7@I898=BH<9
&C6=@=HMG9;A9BHK=@@69F9DCFH98=BH<9IHCACH=J9G9;A9BH==79FH5=B7CFDCF5H9;CJ9FB5B799LD9BG9GH<5H69B9:=HH<9
;@C65@9BH9FDF=G9F9DCFH98=BH<9IHCACH=J9G9;A9BHK=@@69F9DCFH985GD5FHC:CFDCF5H9(H<9F5B8===75G<5B8CH<9F
79BHF5@@MA5B5;987CFDCF5H95GG9HGF9DCFH98=BH<9IHCACH=J9G9;A9BHK=@@69F95@=;B98HCCFDCF5H9(H<9F
9@CK=G589G7F=DH=CBC:CIFF9DCFH56@9G9;A9BHG5B8CH<9F57H=J=H=9G5GC:979A69F

A@;9;@5B1&1391:@
-<9IHCACH=J9G9;A9BHDF=A5F=@M=B7@I89GH<9G5@9C:CF85B8%=B7C@BJ9<=7@9G
G9FJ=79D5FHG
5B85779GGCF=9G
KCF@8K=89
HC;9H<9FK=H<H<95GGC7=5H987CGHGHC89J9@CD
A5BI:57HIF9
8=GHF=6IH9
5B8G9FJ=79H<9J9<=7@9G
D5FHG
5B8
5779GGCF=9G-<=GG9;A9BH=B7@I89GF9J9BI9G5B87CGHGF9@5H98HCCIF9@97HF=:=75H=CBJ9<=7@9DFC;F5AG-<9G9;A9BH
=B7@I89GH<9:C@@CK=B;F9;=CB5@6IG=B9GGIB=HG'CFH<A9F=75
,CIH<A9F=75
IFCD9
<=B5=B7@I8=B;-5=K5B
5B8H<9
;.585@E&1391:@

5A=7FCAC6=@=HMG9FJ=79DFCJ=89F
;>0>105@&1391:@
-<9CF8F98=HG9;A9BH=G7CADF=G98C:H<9CF8F98=H6IG=B9GGCB57CBGC@=85H9865G=G
K<=7<=GDF=A5F=@MJ9<=7@9
F9@5H98:=B5B7=B;5B8@95G=B;57H=J=H=9G
;><;>-@1"@41>
75G<
9EI=J5@9BHG
89@=J9F=B;69B9:=HCB69<5@:C:
H<9;@C65@9BH9FDF=G9
5B8DFCACH=B;H<9
CAD5BMWG=BH9F9GHG-<9IB89F@M=B;5GG9HG5B8@=56=@=H=9G5GGC7=5H98K=H<H<9G957H=J=H=9GF9A5=BK=H<H<9F9GD97H=J9
IHCACH=J95B8&C6=@=HMG9;A9BHG
:@1>1?@;:1.@
"BH9F9GHCB96H=GDF9G9BH985G5G9D5F5H9F97CB7=@=B;=H9A5B87CBG=GHGC:=BH9F9GH9LD9BG9CBIHCACH=J95B8
(H<9F896H-<9IB89F@M=B;@=56=@=HM=GF9DCFH98=BH<9IHCACH=J9G9;A9BH5B8=BCFDCF5H9(H<9F
&<1/5-8@19?
,D97=5@"H9AG5F9DF9G9BH985G5G9D5F5H9F97CB7=@=B;=H9A-<9M7CBG=GHC:=D9BG=CB5B8()F9A95GIF9A9BH
;5=BG5B8@CGG9G
==G=;B=:=75BHD9FGCBB9@9LD9BG9G
895@9FF9@5H987CGHG
5B8:57=@=HMF9@5H987<5F;9GGH9AA=B;:FCACIF
9::CFHGHCA5H7<DFC8I7H=CB75D57=HM5B87CGHGHFI7HIF9HCA5F?9H89A5B85B87<5B;=B;AC89@A=L
5B8===CH<9F=H9AG
H<5HK98CBCHB979GG5F=@M7CBG=89FHC69=B8=75H=J9C:95FB=B;G:FCACB;C=B;CD9F5H=B;57H=J=H=9G(IFA5B5;9A9BH
CF8=B5F=@M9L7@I89GH<9G9=H9AG:FCA=HGF9J=9KC:H<9F9GI@HGC:H<9CD9F5H=B;G9;A9BHG:CFDIFDCG9GC:A95GIF=B;
G9;A9BHDFC:=H56=@=HM5B85@@C75H=B;F9GCIF79G095@GCF9DCFHH<9G9GD97=5@=H9AGG9D5F5H9@MHC<9@D=BJ9GHCFGHF57?
5ACIBHGF9@5H98HCH<9G957H=J=H=9G5B8HC5@@CK=BJ9GHCFG5B5@MN=B;CIFF9GI@HGHC=89BH=:M79FH5=B=B:F9EI9BHG=;B=:=75BH
=H9AGH<5HH<9MA5MK=G<HC9L7@I89K<9B7CBG=89F=B;H<9HF9B8C:CB;C=B;CD9F5H=B;F9GI@HG

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'& !'!"% '"!
$9M:=B5B7=5@=B:CFA5H=CB:CFH<9M95FG9B898CF5H979A69FK5G5G:C@@CKG=BA=@@=CBG
;>0 ;><;>-@1 :@1>1?@ &<1/5-8

A@;9;@5B1 ;.585@E >105@ "@41> ;:1.@ @19? 06A?@91:@? ';@-8

+9J9BI9G

V V V V


5 V

9DF97=5H=CB5B8HCC@=B;
5ACFH=N5H=CB

V V V V

"BH9F9GH9LD9BG9 V V
V
V V

"BJ9GHA9BHF9@5H98=BH9F9GH=B7CA9 V V V V
EI=HM=BB9H=B7CA9 @CGGC:
5::=@=5H987CAD5B=9G V V V V V
5G<CIH:@CK:CF75D=H5@GD9B8=B;
V V V V

5G<
75G<9EI=J5@9BHG
A5F?9H56@9
G97IF=H=9G
5B8F9GHF=7H9875G<

V V V V

-CH5@5GG9HG

V V V
6

+9J9BI9G

V V V V


7 V
5ACFH=N5H=CB

V V
8 V

"BH9F9GH9LD9BG9 V V
V
V V

5::=@=5H987CAD5B=9G V V 8 V
V V V V

5G<
75G<9EI=J5@9BHG
A5F?9H56@9
G97IF=H=9G
5B8F9GHF=7H9875G<

V V V V

-CH5@5GG9HG

V V V
6

+9J9BI9G

V V V V


9 V

5ACFH=N5H=CB

V V V

"BH9F9GH9LD9BG9 V V
V
V V

5::=@=5H987CAD5B=9G V V V
V V V V

5G<
75G<9EI=J5@9BHG
A5F?9H56@9
G97IF=H=9G
5B8F9GHF=7H9875G<

V V V V

-CH5@5GG9HG

V V V
6

4444444444
5 )F=A5F=@MF9:@97HGA5F?HCA5F?9H58>IGHA9BHG:CFCIF;@C65@D9BG=CB5B8()D@5BG5B8 @C65@+989G=;B57H=CBG
6 "B7@I89G9@=A=B5H=CBGC:=BH9FG9;A9BHHF5BG57H=CBGC77IFF=B;=BH<9CF8=B5FM7CIFG9C:6IG=B9GG5B889:9FF98H5LB9HH=B;
7 )F=A5F=@MF9:@97HG @C65@+989G=;B57H=CBG=BIFCD95B8A5F?HCA5F?9H58>IGHA9BHG:CFCIF;@C65@D9BG=CB5B8()D@5BG
8 )F=CFD9F=C85ACIBHG<5J9699BF97@5GG=:=98=B577CF85B79K=H<GD97=5@=H9AF9DCFH=B;
9 )F=A5F=@MF9:@97HG @C65@+989G=;B57H=CBG=B,CIH<A9F=755B8IFCD9
A5F?HCA5F?9H58>IGHA9BHG:CFCIF;@C65@D9BG=CB5B8()D@5BG
5B8
H<9:=9@8G9FJ=7957H=CB:CF-5?5H55=F65;=B:@5HCFG
D5FH=5@@MC::G9H6MH<9;5=BCBCIF=BJ9GHA9BH=BF;C"5G5F9GI@HC:H<9HF5BG57H=CBK=H<F;C"
5B8/0=BH<9G97CB8EI5FH9FC:

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'& !'!"% '"!-,2',3#"
#-%0.&'!,$-0+2'-,
09F9DCFHF9J9BI9CB5XK<9F9GC@8Y65G=G
K<=7<F9:@97HGH<9F9J9BI9K=H<=BH<97CIBHFM=BK<=7<H<9I@H=A5H9G5@9CF
:=B5B7=B;=GA589HCCIF9LH9FB5@7IGHCA9F
-CH5@CAD5BMF9J9BI9G5B8@CB;@=J985GG9HG
GD@=H;9C;F5D<=75@@M6MCIF7CIBHFMC:8CA=7=@9H<9.B=H98,H5H9G5B8
CH<9F7CIBHF=9GK<9F9CIFA5>CFGI6G=8=5F=9G5F98CA=7=@98
:CFH<9M95FG9B898979A69FK9F95G:C@@CKG
=BA=@@=CBG

;:35B10 ;:35B10 ;:35B10
%1B1:A1? ??1@?- %1B1:A1? ??1@?- %1B1:A1? ??1@?-
.B=H98,H5H9G

5B585

9FA5BM

.B=H98$=B;8CA

&9L=7C

@@(H<9F

-CH5@CAD5BM

4444444444
5 "B7@I89G!0?;=:;0=?D5B8!0?49A0>?809?49:;0=,?49270,>0>:FCACIF7CBGC@=85H9865@5B79G<99HG
!"'&'$(%'%,!!'A:-A05@10
,9@97H98:=B5B7=5@85H56M75@9B85FEI5FH9FK9F95G:C@@CKG=BA=@@=CBG
9L79DHD9FG<5F95ACIBHG

5>?@ &1/;:0 '45>0 ;A>@4 5>?@ &1/;:0 '45>0 ;A>@4
$A->@1> $A->@1> $A->@1> $A->@1> $A->@1> $A->@1> $A->@1> $A->@1>
-CH5@F9J9BI9G


9;A:@?@@>5.A@-.81@;;>0 ;@;>;9<-:E;99;:-:08-??&4->14;801>?
'9H=B7CA9 @CGG

;99;:-:08-??<1>?4->12>;95:/;918;??2>;9/;:@5:A5:3;<1>-@5;:?
5G=7
=@IH98
9FH5=BC:H<9EI5FH9F@MF9GI@HG=89BH=:=98=BH<9H56@956CJ9=B7@I89A5H9F=5@IBIGI5@CF=B:F9EI9BH@MC77IFF=B;=H9AG5G
:C@@CKGCB5DF9H5L65G=G
9L79DH:CFH5L=H9AG
-<9:=FGH
G97CB8
H<=F8
5B8:CIFH<EI5FH9FF9GI@HG957<=B7@I89 @C65@+989G=;BF9@5H9857H=J=H=9G
=B7@I8=B;
D5MA9BHGHC895@9FG5B8GIDD@=9FG
5B8=AD5=FA9BH5B8CH<9F7<5F;9G
C:A=@@=CB

6=@@=CB
6=@@=CB
5B8A=@@=CB
F9GD97H=J9@M
-<9H<=F8EI5FH9FF9GI@HG=B7@I895CB9H=A9H5L69B9:=HC:A=@@=CB5F=G=B;:FCAF9GHFI7HIF=B;=BCIFIFCD95B
CD9F5H=CBG
-<9H<=F85B8:CIFH<EI5FH9FF9GI@HG=B7@I89D9BG=CB5B8()B9HF9A95GIF9A9BH@CGG9GC:A=@@=CB5B8
6=@@=CB
F9GD97H=J9@M
-<9:=FGHEI5FH9FF9GI@HG=B7@I89J5F=CIG58>IGHA9BHGHCCIF5GG9HG5B8@=56=@=H=9GA5898I9HCH<9=AD57HC:
(/"
H<9ACGHG=;B=:=75BHC:K<=7<K9F9J5@I5H=CB5@@CK5B79GC:A=@@=CBCB79FH5=B89:9FF98H5L5GG9HG5B85
7<5F;9C:A=@@=CBHCH<9DFCJ=G=CB:CF7F98=H@CGG9GCBCF8F98=HWG:=B5B79F979=J56@9G

"% "'"%" #!,!&(&%&
!"'&'"'!!&'' !'&
!"'&'$(%'%,!!'A:-A05@10-,2',3#"
-<9G97CB8EI5FH9FF9GI@HG=B7@I89H<9897CBGC@=85H=CBC:F;C"5B8F9A95GIF9A9BHC:CIFF9H5=B98
=BJ9GHA9BH=BF;C"5H:5=FJ5@I9
K<=7<F9GI@H98=BH<9F97C;B=H=CBC:56=@@=CB;5=BG99'CH9
-<9:CIFH<EI5FH9FF9GI@HG=B7@I895D9BG=CB5B8()B9HF9A95GIF9A9BH@CGGC:6=@@=CB5B85
A=@@=CB7<5F;9:CF5:=9@8G9FJ=7957H=CBHCF9D@579-5?5H55=F65;=B:@5HCFG
-<9:=FGH
G97CB8
H<=F8
5B8:CIFH<EI5FH9FF9GI@HG957<=B7@I89 @C65@+989G=;BF9@5H9857H=J=H=9G
=B7@I8=B;
D5MA9BHGHC895@9FG5B8GIDD@=9FG
5B8=AD5=FA9BH5B8CH<9F7<5F;9G
C:A=@@=CB

A=@@=CB
A=@@=CB
5B86=@@=CBC:K<=7<6=@@=CBF9@5H98HCCIF,CIH<A9F=75CD9F5H=CBG
F9GD97H=J9@M

"% "'"%" #!,!&(&%&
&/410A81H)-8A-@5;:-:0$A-852E5:3//;A:@?
5:95885;:?
-8-:/1-@ 4->310@;
135::5:3;2 ;?@?-:0 -8-:/1-@:0
1?/>5<@5;: #1>5;0 D<1:?1? 10A/@5;:? ;2#1>5;0
;>@41,1->:0101/19.1>

@@CK5B79G898I7H98:FCA5GG9HG
F98=H@CGG9G 5
CI6H:I@F979=J56@9G 6
"BJ9BHCF=9GDF=A5F=@MG9FJ=79D5FHC6GC@9G79B79 7 V
9:9FF98H5L5GG9HG
8 V
-CH5@5@@CK5B79G898I7H98:FCA5GG9HG

;>@41,1->:0101/19.1>

F98=H@CGG9G 5
CI6H:I@F979=J56@9G 6
9:9FF98H5L5GG9HG 8

;>@41,1->:0101/19.1>

F98=H@CGG9G 5

CI6H:I@F979=J56@9G 6
9:9FF98H5L5GG9HG
8


444444444
5 =B5B79F979=J56@9G899A98HC69IB7C@@97H=6@95B8CH<9F7<5B;9G
DF=B7=D5@@M5ACIBHGF9@5H98HC:=B5B79F979=J56@9GGC@85B8HF5BG@5H=CB
58>IGHA9BHG"B7@I89GA=@@=CBF9@5H98HCH<958CDH=CBC:,.:CF7IAI@5H=J9DF9H5L58>IGHA9BHGF97CF898HCF9H5=B9895FB=B;G5GC:
#5BI5FM

6 77CIBHG5B8BCH9GF979=J56@9899A98HC69IB7C@@97H=6@95GK9@@5GHF5BG@5H=CB58>IGHA9BHG
7 '9H7<5B;9=B=BJ9BHCFM5@@CK5B79G
=B7@I8=B;HF5BG@5H=CB58>IGHA9BHG
8 "B7@I89GA=@@=CB
A=@@=CB
5B8A=@@=CB=B

5B8
F9GD97H=J9@M
C:J5@I5H=CB5@@CK5B79G:CF89:9FF98H5L5GG9HG
H<FCI;<..@8@7,?0/:?30=.:8;=0309>4A049.:807:>>=B7@I8=B;HF5BG@5H=CB58>IGHA9BHG5B8A=@@=CB
A=@@=CB
5B86=@@=CB=B

5B8
F9GD97H=J9@M
C:J5@I5H=CB5@@CK5B79G:CF89:9FF98H5L5GG9HGH<FCI;<H<9=B7CA9GH5H9A9BH

0$%%-
1

>:1,9@,=D
:=/!:?:=:8;,9DG:=/H?30G:8;,9DHGB0HG:@=HG@>H3,/?3=00>0.@=4?40>
=024>?0=0/@9/0=&0.?4:9:1?30&0.@=4?40>C.3,920.?:1 ,>,809/0/?30GC.3,920.?H4:88:9
&?:.6

;,=A,7@0;0=>3,=0G:88:9&?:.6H44
":?0>/@0@90
?30G@90
":?0>H
,9/ 444
":?0> /@0 0.08-0=

?30 G0.08-0=
":?0>H ,.3 :1 ?30 :8;,9DF> >0.@=4?40>
=024>?0=0/@9/0=&0.?4:9:1?30C.3,920.?4>74>?0/:9'30"0B+:=6&?:.6C.3,920

'34> >0.?4:9 .:9?,49> , /0>.=4;?4:9 :1 :@= .,;4?,7 >?:.6 '34> /0>.=4;?4:9 49.7@/0> 9:? :97D :@= :88:9
&?:.6-@?,7>::@=7,>>&?:.6;,=A,7@0

;0=>3,=0G7,>>&?:.6H,9/;=010==0/>?:.6.0=?,49?0=8>:1
B34.3,110.??30:88:9&?:.6,9/?30;=010==0/>3,=0;@=.3,>0=423?>:90:1B34.34>,??,.30/?:0,.3>3,=0:1
:@=:88:9&?:.6'301:77:B492>@88,=D:1?30?0=8>:1:@=.,;4?,7>?:.64>9:?80,9??:-0.:8;70?0,9/4>
<@,74140/-D=010=09.0?::@==0>?,?0/.0=?414.,?0:149.:=;:=,?4:9,9/?30;=010==0/>3,=0=423?>;7,9
#@= ,@?3:=4E0/ .,;4?,7 >?:.6 .@==09?7D .:9>4>?> :1
>3,=0> :1 :88:9 &?:.6

>3,=0>:17,>>&?:.6,9/

>3,=0>:1;=010==0/>?:.6
> :1 ,9@,=D

B0 3,/ :@?>?,9/492
>3,=0> :1 :88:9 &?:.6 ,9/

>3,=0>:17,>>&?:.6":>3,=0>:1;=010==0/>?:.6B0=0:@?>?,9/492
*((*)-*&) ',,
-*&
! +*+&!-!%*%&%!(,!+!&%,.3>3,=0:1:88:9&?:.6,9/7,>>&?:.64>09?4?70/?:

>3,=00<@,77D49/4A4/09/>:?30=?3,9/4A4/09/>/0.7,=0/B4?3=0>;0.??:,9D:@?>?,9/492;=010==0/>?:.6B309,9/
,>/0.7,=0/-D:@=-:,=/:1/4=0.?:=>0C.0;?,>>?,?0/-07:B@9/0=?30>@-30,/492G&?:.64A4/09/>H
(;:9 74<@4/,?4:9 >@-50.? ?: ?30 =423?> :1 ,9D :?30= .7,>> := >0=40> :1 >?:.6 3,A492 , ;=010=09.0 :9
74<@4/,?4:90,.3>3,=0:1:88:9&?:.6B477-009?4?70/?:?3014=>?
,A,47,-701:=/4>?=4-@?4:9?:.:88:9,9/
7,>> >?:.63:7/0=> 0,.3 >3,=0 :1 7,>> &?:.6 B477 -0 09?4?70/ ?: ?30 90C?
>: ,A,47,-70 0,.3 >3,=0 :1

:88:9 &?:.6 B477 -0 09?4?70/ ?: ?30 90C?
,A,47,-70 ,9/ 0,.3 >3,=0 :1 .:88:9 ,9/ 7,>> &?:.6 B477 -0
09?4?70/?:,90<@,7,8:@9?,1?0=?3,?
&+!%0%)#772090=,7A:?492;:B0=4>A0>?0/49?303:7/0=>:1:88:9&?:.6,9/?303:7/0=>:1
7,>>>?:.6A:?492?:20?30=B4?3:@?=02,=/?:.7,>>0C.0;?,>>?,?0/-07:B49?30>@-30,/492G):?492-D7,>>H
'30A:?492;:B0=:1?30>3,=0>:1>?:.64>/0?0=8490/,>/0>.=4-0/-07:B:B0A0=B0.:@7/49?301@?@=0.=0,?0,
>0=40>:1;=010==0/>?:.6B4?3A:?492=423?>0<@,7?::=2=0,?0=?3,9:@=:88:9&?:.6:=7,>>>?:.6
,.33:7/0=:1:88:9&?:.64>09?4?70/?::90A:?0;0=>3,=0,9/0,.33:7/0=:17,>>&?:.64>09?4?70/
?:,9@8-0=:1A:?0>;0=>3,=0/0=4A0/-D,1:=8@7,.:9?,490/49:@==0>?,?0/.0=?414.,?0:149.:=;:=,?4:9>7:92
,> ,? 70,>?

>3,=0> :1 7,>> &?:.6 =08,49 :@?>?,9/492 ?30 1:=8@7, B477 =0>@7? 49 3:7/0=> :1 7,>>
&?:.6 3,A492
:1 ?30 2090=,7 A:?492 ;:B0= ,9/ 3:7/0=> :1 :88:9 &?:.6 ,9/ 41 4>>@0/ ,9D ;=010==0/ >?:.6
B4?3A:?492;:B0=3,A492
:1?302090=,7A:?492;:B0=
1 ?30 9@8-0= :1 :@?>?,9/492 >3,=0> :1 7,>> &?:.6 1,77> -07:B

-@? =08,49> ,? 70,>?
?309?301:=8@7,B477=0>@7?49?302090=,7A:?492;:B0=:13:7/0=>:17,>>&?:.6/0.749492?:
,9/
?30 2090=,7 A:?492 ;:B0= :1 3:7/0=> :1 :88:9 &?:.6 ,9/ 41 4>>@0/ ,9D ;=010==0/ >?:.6 B4?3 A:?492 ;:B0=
49.=0,>492?:

1?309@8-0=:1:@?>?,9/492>3,=0>:17,>>&?:.61,77>-07:B ?3090,.33:7/0=:17,>>

&?:.6B477-009?4?70/?::97D:90A:?0;0=>3,=0
,>0/ :9 ?30 9@8-0= :1 >3,=0> :1 7,>> &?:.6 ,9/ :88:9 &?:.6 :@?>?,9/492 ,> :1
0.08-0=

0,.3 3:7/0= :1 7,>> &?:.6 B:@7/ -0 09?4?70/ ?: A:?0> ;0= >3,=0 :9 ,9D 8,??0=
>@-84??0/ 1:= , A:?0 :1 >3,=03:7/0=> #1 ?30 :@?>?,9/492 7,>> &?:.6 ,> :1 0.08-0=

>3,=0>B0=0307/49,A:?492?=@>?'30?=@>?=0<@4=0>?30?=@>?00?:A:?0,77?30>3,=0>49?30?=@>?,>/4=0.?0/-D
3:7/0=>:1,;7@=,74?D:1?30>3,=0>49?30?=@>?
&%
,$,#+!- &+!% ! +* #@= :88:9 &?:.6 ,9/ 7,>> >?:.6 /: 9:? ,9/ B477 9:? 3,A0
.@8@7,?4A0 A:?492 =423?> '34> 80,9> ?3,? ?30 3:7/0=> B3: 3,A0 8:=0 ?3,9
:1 ?30 A:?0> 1:= ?30 070.?4:9 :1
/4=0.?:=>.,9070.?
:1?30/4=0.?:=>41?30D.3::>0?:/:>:
&+!%/
#**1B0B,9??:?,60,9D:1?301:77:B492,.?4:9>B08@>?:-?,49?30A:?0:1?303:7/0=>:1
,8,5:=4?D:1?30:@?>?,9/492>3,=0>:17,>>>?:.6A:?492,>,.7,>>
I 4>>@0,9D,//4?4:9,7>3,=0>:17,>>&?:.6B4?3.0=?,490C.0;?4:9>
I =0/@.0?309@8-0=:1:@?>?,9/492>3,=0>:17,>>&?:.6:?30=?3,9-D3:7/0=>:17,>>&?:.6
.:9A0=?4927,>>&?:.649?::88:9&?:.6:=>0774924??:?30:8;,9D
I .3,920?30.,;4?,7>?:.6;=:A4>4:9>:1:@==0>?,?0/.0=?414.,?0:149.:=;:=,?4:9
I 80=20:=.:9>:74/,?0B4?3:=49?:,9:?30=.:=;:=,?4:9
I /4>;:>0:1,77:=>@->?,9?4,77D,77:1:@=;=:;0=?D,9/,>>0?>
I ?=,9>10= ,9D ,>>0?> ?: ,9:?30= .:=;:=,?4:9 ,9/ 49 .:990.?4:9 ?30=0B4?3 /4>?=4-@?0 >?:.6 := :?30=
>0.@=4?40>:1?3,?.:=;:=,?4:9?::@=>?:.63:7/0=>:=
I A:7@9?,=47D74<@4/,?0:=/4>>:7A0
&+!%)&-!*!&%*&#.).9,//4?4:9?:?30A:?0>/0>.=4-0/,-:A0,9D>;0.4,7=0<@4=0809?>
:107,B,=07,B8@>?-080?'3007,B,=0090=,7:=;:=,?4:9 ,B.:9?,49>;=:A4>4:9>:9?30A:?0>=0<@4=0/?:
,809/.0=?414.,?0>:149.:=;:=,?4:980=20:=.:9>:74/,?0>07770,>0:=0C.3,920,77:=>@->?,9?4,77D,77,>>0?>,9/
A:7@9?,=47D/4>>:7A0
.%)* !' %

&%-)*!&% &
#** +&" 9 2090=,7 :97D 808-0=> :1 ?30 :=/ 1,847D := ?304=
/0>.09/,9?> := ?=@>?> := .:=;:=,?4:9> 49 B34.3 ?30D 3,A0 >;0.4140/ 49?0=0>?> .,9 :B9 := -0 =024>?0=0/ ,> =0.:=/
3:7/0=>:1>3,=0>:17,>>>?:.6:=.,9095:D1:=?304=:B9-09014??30>;0.4,7=423?>,9/;:B0=>:17,>>>?:.6
3:7/0=:1>3,=0>:17,>>&?:.6.,9.:9A0=??3:>0>3,=0>49?:,90<@,79@8-0=:1>3,=0>:1:88:9&?:.61:=
?30 ;@=;:>0 :1 >077492 := /4>;:>492 :1 ?3:>0 >3,=0> &3,=0> :1 7,>> &?:.6 ,.<@4=0/ -D ?30 :8;,9D :=
.:9A0=?0/49?::88:9&?:.6.,99:?-0=04>>@0/-D?30:8;,9D
)$'+!-%+ ),*)!'+!&%! +:7/0=>:1:88:9&?:.6/:9:?3,A0,9D=423??:;@=.3,>0

,//4?4:9,7>3,=0>:1:88:9&?:.641B0>077>3,=0>?::?30=>13:B0A0=B0>0777,>>&?:.6:=:-742,?4:9>:=
>3,=0>.:9A0=?4-7049?:7,>>&?:.6>@-50.??:?307484?>:9B3:.,9:B97,>>&?:.6/0>.=4-0/,-:A0?309
3:7/0=>:17,>>&?:.6B4773,A0,=423??:;@=.3,>0:9,=,?,-70-,>4>,9/,?,;=4.05@>?,>1,A:=,-70,//4?4:9,7
>3,=0>:17,>>&?:.6:=?3:>0:-742,?4:9>:=>3,=0>.:9A0=?4-7049?:7,>>>?:.6
9,//4?4:941>3,=0>:1:88:9&?:.6:=>3,=0>:=:-742,?4:9>.:9A0=?4-7049?:>@.3>?:.6,=0:110=0/?:
3:7/0=>:1:88:9&?:.6?309B08@>?:110=?:?303:7/0=>:17,>>&?:.6>3,=0>:17,>>&?:.6:=>3,=0>:=
:-742,?4:9>.:9A0=?4-7049?:>@.3>?:.6:9,=,?,-70-,>4>,9/,??30>,80;=4.0;0=>3,=0
+&" !-!%* 1 B0 /0.7,=0 ,9/ ;,D , /4A4/09/ 49 :@= >?:.6 B0 8@>? ;,D 4? 49 >3,=0> :1 :88:9
&?:.6?:3:7/0=>:1:88:9&?:.6,9/49>3,=0>:17,>>&?:.6?:3:7/0=>:17,>>>?:.6
#+!$+! +*& &#)*&

#** +&"1,9/B309?309@8-0=:1:@?>?,9/492>3,=0>:17,>>
&?:.6 1,77> -07:B ?30 7,>> &?:.6 B477 -0.:80 1=007D ?=,9>10=,-70 ,9/ B477 -0.:80 >@->?,9?4,77D
0<@4A,709? ?: :88:9 &?:.6 ? ?3,? ?480 3:7/0=> :1 7,>> &?:.6 B477 3,A0 :90 A:?0 1:= 0,.3 >3,=0 307/ B477
3,A09:>;0.4,7.7,>>A:?0B477-0:110=0/:88:9&?:.641:88:9&?:.64>:110=0/?:3:7/0=>:1:88:9&?:.6
B477 =0.04A0 :88:9 &?:.6 41 , >?:.6 /4A4/09/ 4> /0.7,=0/ ,9/ B477 3,A0 ?30 =423? ?: .:9A0=? >@.3 >3,=0> 49?: ,9
0<@,79@8-0=:1>3,=0>:1:88:9&?:.64==0>;0.?4A0:1?30;@=;:>0:1.:9A0=>4:9
!*##%&,* !#,+!&% 1 B0 49.=0,>0 ?30 9@8-0= :1 :@?>?,9/492 >3,=0> :1 7,>> &?:.6 -D 1:=
0C,8;70/:492,>?:.6>;74?:=>?:.6/4A4/09/:=41B0.:9>:74/,?0:=.:8-490,77:@?>?,9/492>3,=0>:17,>>
&?:.6 >: ?3,? ?30 9@8-0= :1 :@?>?,9/492 >3,=0> 4> =0/@.0/ ?309 ?30 ?3=0>3:7/ 9@8-0=> :1 :@?>?,9/492 7,>>
&?:.6 ?3,? 4>

,9/ ?3,? ?=4220= A:?492 ;:B0= .3,920> B477 ,@?:8,?4.,77D ,/5@>? -D ,
;=:;:=?4:9,?0,8:@9?
+!"!++! -*&
*08,D4>>@0;=010==0/>?:.61=:8?480?:?48049:90:=8:=0>0=40>B4?3:@?>?:.63:7/0=,;;=:A,7
&@-50.??:7484,?4:9>;=0>.=4-0/-D7,B:@=-:,=/:1/4=0.?:=>4>,@?3:=4E0/?:14C1:=,9D>0=40>:1;=010==0/>?:.6?30
9@8-0=:1>3,=0>:1>@.3>0=40>,9/3?0/0>429,?4:9=07,?4A0;:B0=>;=010=09.0>,9/=423?>,9/?30<@,7414.,?4:9>
7484?,?4:9>:==0>?=4.?4:9>:1>@.3>0=40>
+!"!++! $+!.+$,!%#$-,
#9&0;?08-0=
B009?0=0/49?:,',C09014?$=0>0=A,?4:9$7,9B34.3',C09014?$=0>0=A,?4:9
$7,9B,>,809/0/:9&0;?08-0=
,>,809/0/?30G$7,9HB4?3:8;@?0=>3,=0'=@>?:8;,9D",>
=423?>,209?,9/:@=:,=/:14=0.?:=>/0.7,=0/,/4A4/09/:1:90;=010==0/>3,=0;@=.3,>0=423??30G%423?>H1:=
0,.3 :@?>?,9/492 >3,=0 :1 :88:9 &?:.6 ,9/ 0,.3 :@?>?,9/492 >3,=0 :1 7,>> &?:.6 @9/0= ?30 ?0=8> :1 ?30
$7,9,.3>3,=0:1:88:9&?:.6B04>>@0B477-0,..:8;,940/-D,%423?,.3%423?09?4?70>?30=024>?0=0/
3:7/0=?:;@=.3,>01=:8@>:90:90?3:@>,9/?3:1,>3,=0:1:@=&0=40>@94:=$,=?4.4;,?492$=010==0/&?:.6;,=
A,7@0
;0=>3,=0,?,;@=.3,>0;=4.0:1
;0=:90:90?3:@>,9/?3:1,>3,=0:1$=010==0/&?:.6>@-50.?
?:,/5@>?809?'30/0>.=4;?4:9,9/?0=8>:1?30%423?>,=0>0?1:=?349?30$7,9
(9?47 ?30 0,=740= ?: :..@= :1 4 ?30 .7:>0 :1 -@>490>> :9 ?30 ?09?3 -@>490>> /,D 1:77:B492 ?30 ;@-74.
,99:@9.0809? ?3,? , ;0=>:9 := 2=:@; 3,> -0.:80 ,9 G.<@4=492 $0=>:9H -D ,.<@4=492 -09014.4,7 :B90=>34; :1
:=8:=0:1?30:@?>?,9/492>3,=0>:1:88:9&?:.6:=?30:,=/-0.:8492,B,=0:1,9.<@4=492$0=>:9
,>/01490/49?30$7,9:=44?30.7:>0:1-@>490>>:9?30?09?3-@>490>>/,D:=0C.0;?49.0=?,49.4=.@8>?,9.0>
>@.37,?0=/,?0,>8,D-0>;0.4140/-D?30:,=/1:77:B492?30.:8809.0809?:1:=,99:@9.0809?:1,949?09?4:9
?:8,60,?09/0=:110=:=0C.3,920:110=?30.:9>@88,?4:9:1B34.3B:@7/=0>@7?49?30-09014.4,7:B90=>34;-D,
;0=>:9:=2=:@;B4?3.0=?,490C.0;?4:9>:1:=8:=0:1?30:@?>?,9/492>3,=0>:1:88:9&?:.6?300,=740=
:1>@.3/,?0>-0492.,770/?30G4>?=4-@?4:9,?0H?30%423?>B477-00A4/09.0/B4?3=0>;0.??::88:9&?:.6,9/
7,>>&?:.6.0=?414.,?0>:@?>?,9/492,>:1?30%0.:=/,?0:=,9D-::609?=D>3,=0>49=0>;0.??30=0:1-D>@.3
:88:9&?:.6:=7,>>&?:.6.0=?414.,?0:==024>?=,?4:949-::609?=D1:=8?:20?30=B4?3?30>@88,=D:1=423?>
G&@88,=D:1%423?>H/0>.=4-492?30$7,9,9/8,470/?:>?:.63:7/0=>:1=0.:=/:9?30%0.:=/,?0,9/?30%423?>
B477-0?=,9>10=,-70:97D49.:990.?4:9B4?3?30?=,9>10=:1:88:9&?:.6:=7,>>>?:.69D;0=>:9:=2=:@;
?3,?-09014.4,77D:B90/:=8:=0:1?30:@?>?,9/492>3,=0>:1:88:9&?:.6:9&0;?08-0=
,=09:?
/0080/ ,9 .<@4=492 $0=>:9 @970>> ,9/ @9?47 >@.3 ;0=>:9 := 2=:@; ,.<@4=0> -09014.4,7 :B90=>34; :1 ,//4?4:9,7
>3,=0> :1 :88:9 &?:.6 =0;=0>09?492 :903,71 :1 :90 ;0=.09?
:= 8:=0 :1 ?30 >3,=0> :1 :88:9 &?:.6
?309 :@?>?,9/492 (9/0= ?30 $7,9 ?30 :,=/ 8,D 49 4?> >:70 /4>.=0?4:9 0C08;? ,9D ;0=>:9 := 2=:@; 1=:8 -0492
/0080/ ,9 .<@4=492 $0=>:9 1:= ;@=;:>0> :1 ?30 $7,9 41 ?30 :,=/ /0?0=8490> ?3,? >@.3 ;0=>:9F> := 2=:@;F>
:B90=>34;:1:88:9&?:.6B4779:?50:;,=/4E0:=09/,920=:@=,A,47,-474?D:=:?30=B4>07484?49,9DB,D?30@>0:1
:@=90?:;0=,?4927:>>0>?,C.=0/4?>,9/:?30=?,C,>>0?>?30G',C??=4-@?0>H
'30 $7,9 ;=:A4/0> ?3,? @9?47 ?30 4>?=4-@?4:9 ,?0 := 0,=740= 0C;4=,?4:9 := =0/08;?4:9 :1 ?30 %423?> ?30
%423?>B477-0,??,.30/?:,9/B477-0?=,9>10==0/B4?3,9/:97DB4?3?30:88:9&?:.6,9/7,>>>?:.6(9?47?30
4>?=4-@?4:9,?0:=?300,=740=0C;4=,?4:9:==0/08;?4:9:1?30%423?>90B>3,=0>:1:88:9&?:.6,9/7,>>
&?:.6 4>>@0/ ,1?0= ?30 %0.:=/ ,?0 @;:9 ?=,9>10= := 90B 4>>@,9.0> :1 :88:9 &?:.6 ,9/ 7,>> &?:.6 B477
.:9?,49,9:?,?4:949.:=;:=,?492?30$7,9-D=010=09.0B4?3=0>;0.??:>3,=0>=0;=0>09?0/-D.0=?414.,?0>:=9:?4.0
?30=0:1 B477 -0 ;=:A4/0/ 49 ,..:=/,9.0 B4?3 ,;;74.,-70 7,B B4?3 =0>;0.? ?: @9.0=?414.,?0/ >3,=0> (9?47 ?30
4>?=4-@?4:9 ,?0 := 0,=740= 0C;4=,?4:9 :1 ?30 %423?> ?30 >@==09/0= 1:= ?=,9>10= :1 ,9D .0=?414.,?0> =0;=0>09?492
>3,=0>:1:88:9&?:.6,9/7,>>&?:.6:@?>?,9/492,>:1?30%0.:=/,?00A09B4?3:@?>@.39:?,?4:9:=,
.:;D :1 ?30 &@88,=D :1 %423?> := ?30 ?=,9>10= -D -::609?=D :1 ,9D @9.0=?414.,?0/ >3,=0> :1 :88:9 &?:.6 ,9/
7,>>>?:.6B477,7>:.:9>?4?@?0?30?=,9>10=:1?30%423?>,>>:.4,?0/B4?3>@.3>3,=0>>>::9,>;=,.?4.,-70
1:77:B492 ?30 4>?=4-@?4:9 ,?0 >0;,=,?0 .0=?414.,?0> 0A4/09.492 ?30 %423?> G%423? 0=?414.,?0>H B477 -0 8,470/ ?:
3:7/0=>:1=0.:=/:1?30:88:9&?:.6,9/7,>>&?:.6,>:1?30.7:>0:1-@>490>>:9?304>?=4-@?4:9,?0,9/
>@.3>0;,=,?0%423?0=?414.,?0>,7:90B4770A4/09.0?30%423?>
'30 %423?> ,=0 9:? 0C0=.4>,-70 @9?47 ?30 4>?=4-@?4:9 ,?0 '30 %423?> B477 0C;4=0 @;:9 ?30 0,=740>? :1 ?30
.7:>0 :1 -@>490>> :9 &0;?08-0=

@970>> ?3,? /,?0 4> ,/A,9.0/ := 0C?09/0/ -D ?30 :,=/ ?30 ?480 ,?
B34.3 ?30 %423?> ,=0 =0/0080/ := 0C.3,920/ @9/0= ?30 $7,9 ?30 =0;0,7 :1 &0.?4:9 :1 ?30 9?0=9,7 %0A09@0
:/0:1,>,809/0/:=,9D>@..0>>:=>?,?@?041?30:,=//0?0=8490>?3,??30$7,94>9:7:920=90.0>>,=D
1:=?30;=0>0=A,?4:9:1:@=',C??=4-@?0>:=?30-02499492:1:@=?,C,-70D0,=?:B34.3?30:,=//0?0=8490>?3,?9:
',C??=4-@?0>8,D-0.,==40/1:=B,=/
'30$@=.3,>0$=4.0;,D,-70,9/?309@8-0=:1>3,=0>:1$=010==0/&?:.6:=:?30=>0.@=4?40>:=;=:;0=?D
4>>@,-70@;:90C0=.4>0:1?30%423?>4>>@-50.??:,/5@>?809?1=:8?480?:?480?:;=0A09?/47@?4:9449?300A09?:1
,>?:.6/4A4/09/:9:=,>@-/4A4>4:9.:8-49,?4:9:==0.7,>>414.,?4:9:1?30$=010==0/&?:.644@;:9?302=,9??:
3:7/0=>:1?30$=010==0/&?:.6:1.0=?,49=423?>:=B,==,9?>?:>@->.=4-01:=:=;@=.3,>0$=010==0/&?:.6,?,;=4.0
:=>0.@=4?40>.:9A0=?4-7049?:$=010==0/&?:.6B4?3,.:9A0=>4:9;=4.070>>?3,9?30?309.@==09?8,=60?;=4.0:1?30
$=010==0/&?:.6:=444@;:9?30/4>?=4-@?4:9?:3:7/0=>:1?30$=010==0/&?:.6:10A4/09.0>:149/0-?0/90>>:=,>>0?>
0C.7@/492 =02@7,= ;0=4:/4. .,>3 /4A4/09/> := /4A4/09/> ;,D,-70 49 $=010==0/ &?:.6 := :1 >@->.=4;?4:9 =423?> :=
B,==,9?>
'309@8-0=:1:@?>?,9/492%423?>4>>@-50.??:,/5@>?809?49?300A09?:1,>?:.6/4A4/09/:9?30:88:9
&?:.6,9/7,>>&?:.6;,D,-7049>3,=0>:1:88:9&?:.6:=7,>>&?:.6:=>@-/4A4>4:9>.:9>:74/,?4:9>:=
.:8-49,?4:9>:1?30:88:9&?:.6:..@==49249,9D>@.3.,>0;=4:=?:?304>?=4-@?4:9,?0
&3,=0>:1$=010==0/&?:.6;@=.3,>,-70@;:90C0=.4>0:1?30%423?>B4779:?-0=0/008,-70,.3>3,=0:1
$=010==0/&?:.6B477-009?4?70/B309,>,9/41/0.7,=0/?:,84948@8;=010=09?4,7<@,=?0=7D/4A4/09/;,D809?:1
?30 2=0,?0= :1 ,

;0= >3,=0 ,9/ - ,9 ,8:@9? 0<@,7 ?:
?480> ?30 /4A4/09/ /0.7,=0/ ;0= >3,=0 :1

:88:9&?:.69?300A09?:1:@=74<@4/,?4:9/4>>:7@?4:9:=B49/492@;?303:7/0=>:1?30$=010==0/&?:.6B477-0
09?4?70/ ?: , 84948@8 ;=010=09?4,7 ;,D809? :1 ?30 2=0,?0= :1 ,
;0= >3,=0 ;7@> ,9D ,..=@0/ -@? @9;,4/

/4A4/09/>,9/-,9,8:@9?0<@,7?:
?480>?30;,D809?8,/0;0=>3,=0:1:88:9&?:.6,.3>3,=0:1
$=010==0/&?:.6B4773,A0
A:?0>A:?492?:20?30=B4?3?30:88:9&?:.6,9/7,>>>?:.649,77D49?30
0A09? :1 ,9D 80=20= .:9>:74/,?4:9 := :?30= ?=,9>,.?4:9 49 B34.3 :@?>?,9/492 >3,=0> :1 :88:9 &?:.6 ,=0
.:9A0=?0/:=0C.3,920/0,.3>3,=0:1$=010==0/&?:.6B477-009?4?70/?:=0.04A0
?480>?30,8:@9?=0.04A0/
;0=>3,=0:1:88:9&?:.6'30>0=423?>,=0;=:?0.?0/-D.@>?:8,=D,9?4/47@?4:9;=:A4>4:9>
0.,@>0:1?309,?@=0:1?30$=010==0/&?:.6F>/4A4/09/74<@4/,?4:9,9/A:?492=423?>?30A,7@0:1?30:90
:90?3:@>,9/?349?0=0>?49,>3,=0:1$=010==0/&?:.6;@=.3,>,-70@;:90C0=.4>0:10,.3%423?>3:@7/,;;=:C48,?0
?30A,7@0:1:90>3,=0:1:88:9&?:.6
9 ?30 0A09? ?3,? ,9D ;0=>:9 := 2=:@; -0.:80> ,9.<@4=492 $0=>:9 0,.3 3:7/0= :1 , %423? :?30= ?3,9
%423?>-09014.4,77D:B90/-D?30.<@4=492$0=>:9B34.3B477?30=0@;:9-0.:809@77,9/A:4/B477?30=0,1?0=3,A0
?30 =423? ?: =0.04A0 @;:9 0C0=.4>0 :1 , %423? 49.7@/492 ;,D809? :1 ?30 $@=.3,>0 $=4.0 ?3,? 9@8-0= :1 >3,=0> :1
:88:9&?:.63,A492,8,=60?A,7@0:1?B:?480>?30$@=.3,>0$=4.0
? ,9D ?480 ,1?0= ,9D ;0=>:9 := 2=:@; -0.:80> ,9.<@4=492 $0=>:9 -@? ;=4:= ?: ?30 ,.<@4>4?4:9 -D >@.3
.<@4=492$0=>:9:1-09014.4,7:B90=>34;:1
:=8:=0:1?30A:?492;:B0=:1?30>3,=0>:1:88:9&?:.6,9/
7,>>&?:.6?309:@?>?,9/492?30:,=/8,D0C.3,920?30%423?>:?30=?3,9%423?>:B90/-D>@.3.<@4=492
$0=>:9B34.3B4773,A0-0.:809@77,9/A:4/49B3:70:=49;,=?1:=>3,=0>:1:88:9&?:.6:=$=010==0/&?:.6
:=,>0=40>:1:@=;=010==0/>?:.63,A4920<@4A,709?=423?>;=010=09.0>,9/;=4A47020>,?,90C.3,920=,?4::1:90
>3,=0 :1 :88:9 &?:.6 := 7,>> >?:.6 := , 1=,.?4:9,7 >3,=0 :1 $=010==0/ &?:.6 := :?30= >?:.6 0<@4A,709? 49
A,7@0?30=0?:;0=%423?>@-50.??:,/5@>?809?1:=>?:.6>;74?>>?:.6/4A4/09/>,9/>4847,=?=,9>,.?4:9>
*4?3.0=?,490C.0;?4:9>9:,/5@>?809?49?30$@=.3,>0$=4.0B477-0=0<@4=0/@9?47.@8@7,?4A0,/5@>?809?>
=0<@4=0 ,9 ,/5@>?809? :1 ,? 70,>? 49 >@.3 $@=.3,>0 $=4.0 ": 1=,.?4:9,7 >3,=0> :1 $=010==0/ &?:.6 :88:9
&?:.6 := 7,>> &?:.6 B477 -0 4>>@0/ :?30= ?3,9 1=,.?4:9> :1 $=010==0/ &?:.6 B34.3 ,=0 49?02=,7 8@7?4;70> :1 :90
:90?3:@>,9/?3:1,>3,=0:1$=010==0/&?:.6B34.38,D,?:@=070.?4:9-00A4/09.0/-D/0;:>4?,=D=0.04;?>,9/
49 740@ ?30=0:1 ,9 ,/5@>?809? 49 .,>3 B477 -0 8,/0 -,>0/ :9 ?30 .@==09? 8,=60? ;=4.0 :1 ?30 $=010==0/ &?:.6 ?30
:88:9&?:.6:=7,>>>?:.6
? ,9D ?480 ;=4:= ?: ?30 ?480 ,9 .<@4=492 $0=>:9 -0.:80> >@.3 ?30 :,=/ 8,D =0/008 ?30 %423?> 49
B3:70-@?9:?49;,=?,?,;=4.0:1

;0=%423??30G%0/08;?4:9$=4.0H;,D,-70,?:@=:;?4:949.,>3>3,=0>
:1:88:9&?:.6:=>@.3:?30=1:=8:1.:9>4/0=,?4:9,>?30:,=/>3,77/0?0=8490'30=0/08;?4:9:1?30%423?>
8,D-08,/00110.?4A0,?>@.3?480:9>@.3-,>4>,9/B4?3>@.3.:9/4?4:9>,>?30:,=/494?>>:70/4>.=0?4:98,D
0>?,-74>3 880/4,?07D @;:9 ,9D =0/08;?4:9 :1 ?30 %423?> ?30 =423? ?: 0C0=.4>0 ?30 %423?> B477 ?0=849,?0 ,9/ ?30
:97D=423?:1?303:7/0=>:1%423?>B477-0?:=0.04A0?30%0/08;?4:9$=4.0
:= >: 7:92 ,> ?30 %423?> ,=0 ?309 =0/008,-70 B0 8,D 0C.0;? B4?3 =0>;0.? ?: ?30 %0/08;?4:9 $=4.0
,809/ ?30 $7,9 49 ,9D 8,990= 1?0= ?30 %423?> ,=0 9: 7:920= =0/008,-70 B0 8,D 0C.0;? B4?3 =0>;0.? ?: ?30
%0/08;?4:9 $=4.0 ,809/ ?30 $7,9 49 ,9D 8,990= ?3,? /:0> 9:? ,/A0=>07D ,110.? ?30 49?0=0>?> :1 3:7/0=> :1 ?30
%423?>:?30=?3,9?30.<@4=492$0=>:9
(9?47,%423?4>0C0=.4>0/:=0C.3,920/?303:7/0=?30=0:1,>>@.3B4773,A09:=423?>,>:@=>?:.63:7/0=
49.7@/492B4?3:@?7484?,?4:9?30=423??:A:?0:=?:=0.04A0/4A4/09/>

*0 4>>@0 /0-? >0.@=4?40> 49 :90 := 8:=0 >0=40> @9/0= ,9 9/09?@=0 /,?0/ ,> :1 ,9@,=D

?30
G9/09?@=0H-0?B009@>,9/'30,96:1"0B+:=6!077:9,>>@..0>>:=?=@>?00?:$!:=2,93,>0,96'30
9/09?@=08,D-0>@;;70809?0/1=:8?480?:?480
'309/09?@=04>,.:9?=,.?-0?B009@>,9/'30,96:1"0B+:=6!077:9,.?492,>'=@>?00'30'=@>?00
3,>?B:8,49=:70>4=>??30'=@>?00.,9091:=.0/0-?3:7/0=>F=423?>,2,49>?@>41,9GA09?:101,@7?H/0>.=4-0/
-07:B :..@=> &0.:9/ ?30 '=@>?00 ;0=1:=8> .0=?,49 ,/8494>?=,?4A0 /@?40> 1:= @> '30 9/09?@=0 4> >@88,=4E0/
-07:B
,%&+*
*0 4>>@0/

,22=02,?0 ;=49.4;,7 ,8:@9? :1 ?30 @90

":?0> :9 !,D
'30
8,?@=4?D/,?0:1?30@90
":?0>4>@90
,9/49?0=0>?,?,=,?0:1
;0=,99@84>;,4/<@,=?0=7D
:9 !,=.3 @90 &0;?08-0= ,9/ 0.08-0= :1 0,.3 D0,= -02499492 :9 &0;?08-0=
,9/ :9 ?30
8,?@=4?D/,?0'30@90
":?0>,=0=0/008,-70,?:@=:;?4:9:9@90
,9/:9,9D/,D?30=0,1?0=49
B3:70:=49;,=?,?
:1?304=;=49.4;,7,8:@9?;7@>,..=@0/,9/@9;,4/49?0=0>?'30@90
":?0>,=09:?
>@-50.??:=0;,D809?,??30:;?4:9:1?303:7/0=,?,9D?480;=4:=?:8,?@=4?D>:10-=@,=D

,22=02,?0;=49.4;,7,8:@9?:1?30@90
":?0>B,>:@?>?,9/492
$)&+*
*04>>@0/
,22=02,?0;=49.4;,7,8:@9?:1?300.08-0=
":?0>:90.08-0=

'308,?@=4?D/,?0:1?300.08-0=
":?0>4>0.08-0=
,9/49?0=0>?,?,=,?0:1
;0=,99@84>
;,4/<@,=?0=7D:9!,=.3@90&0;?08-0=,9/0.08-0=:10,.3D0,=-02499492:9!,=.3

,9/
:9?308,?@=4?D/,?0'300.08-0=
":?0>,=0=0/008,-70,?:@=:;?4:9:90.08-0=
,9/:9,9D
/,D ?30=0,1?0= 49 B3:70 := 49 ;,=? ,?
:1 ?304= ;=49.4;,7 ,8:@9? ;7@> ,..=@0/ ,9/ @9;,4/ 49?0=0>? '30
0.08-0=
":?0>,=09:?>@-50.??:=0;,D809?,??30:;?4:9:1?303:7/0=,?,9D?480;=4:=?:8,?@=4?D>:1
0-=@,=D

,22=02,?0;=49.4;,7,8:@9?:1?300.08-0=
":?0>B,>:@?>?,9/492
!)!+'
'30 9/09?@=0 /:0> 9:? 7484? ?30 ,8:@9? :1 /0-? >0.@=4?40> ?3,? 8,D -0 4>>@0/ @9/0= 4? '30=01:=0
,//4?4:9,7/0-?>0.@=4?40>8,D-04>>@0/@9/0=?309/09?@=0
'30 /0-? >0.@=4?40> ,=0 :@= @9>0.@=0/ :-742,?4:9> &094:= /0-? >0.@=4?40> =,96 0<@,77D B4?3 :@= :?30=
@9>0.@=0/,9/@9>@-:=/49,?0/49/0-?0/90>>;,=09?.:8;,9D:97D
$=49.4;,7,9/;=084@841,9D,9/49?0=0>?41,9DB477-0;,4/-D@>494880/4,?07D,A,47,-701@9/>'30
9/09?@=0/:0>9:?.:9?,49,9D;=:A4>4:9>?3,?24A0/0-?3:7/0=>;=:?0.?4:949?300A09?B04>>@0,7,=20,8:@9?:1
/0-?:=B0,=0,.<@4=0/-D,9:?30=09?4?D
%(%--%*)*)%!),
'309/09?@=0=0>?=4.?>:@=,-474?D?:;70/20>:80:1:@=,>>0?>,>>0.@=4?D1:=:?30=/0-?(970>>B0>0.@=0
?30 /0-? >0.@=4?40> :9 ,9 0<@,7 -,>4> ?30 =0>?=4.?4:9 /:0> 9:? ;0=84? @> ?: 3,A0 := 2@,=,9?00 ,9D /0-? ?3,? 4>
>0.@=0/-D,9D:1:@=;=49.4;,7(&;7,9?>:=?30>?:.6:=/0-?:1,9D:1:@=>@->4/4,=40>?3,?:B9:=70,>0
:90:1?30>0;7,9?>'34>=0>?=4.?4:9/:0>9:?,;;7D@9?47?30?:?,7,8:@9?:1:@=>0.@=0//0-?;7@>?30/4>.:@9?0/
A,7@0 :1 ?30 ,8:@9? :1 =09? B0 8@>? ;,D @9/0= >,70 ,9/ 70,>0-,.6 ?=,9>,.?4:9> 49A:7A492 ;=49.4;,7 (& ;7,9?>
0C.00/>:1:@=.:9>:74/,?0/90??,924-70,@?:8:?4A0,>>0?>'34>=0>?=4.?4:9,7>:/:0>9:?,;;7D?:,9D:1?30
1:77:B492
I 7409>:1,.:8;,9D?3,?0C4>?,??30?480>@.3.:8;,9D-0.:80>:@=>@->4/4,=D
I 7409>49:@=1,A:=:=49?301,A:=:1:@=>@->4/4,=40>
I .0=?,497409>24A09?:,2:A0=9809?
I 7409>:9;=:;0=?D?3,?0C4>?,??30?480B0,.<@4=0?30;=:;0=?D:=7409>?3,?B024A0?:>0.@=0:@=
;,D4921:=?30;=:;0=?D,9/
I ,9D0C?09>4:9:==0;7,.0809?:1,9D:1?30,-:A0
%(%--%*)*)'!,) !,!&,
'30 9/09?@=0 ;=:34-4?> @> 1=:8 >077492 ,9/ 70,>492 -,.6 ,9D ;=49.4;,7 (& ;7,9? 1:= , ?0=8 :1 8:=0 ?3,9
?3=00D0,=>'34>=0>?=4.?4:9/:0>9:?,;;7D41
I B0 .:@7/ .=0,?0 >0.@=0/ /0-? 49 ,9 ,8:@9? 0<@,7 ?: ?30 /4>.:@9?0/ A,7@0 :1 ?30 =09? ?: -0 ;,4/
@9/0=?3070,>0B4?3:@?A4:7,?492?307484?,?4:9:97409>;=:A4>4:9/4>.@>>0/,-:A0
I ?3070,>04>B4?3:=-0?B009,9D:1:@=>@->4/4,=40>:=
I B4?349
/,D>:1>077492?30(&;7,9?B0=0?4=0:@=1@9/0//0-?49,9,8:@9?0<@,7?:?3090?
;=:.00/>1=:8?30>,70:1?30;7,9?:=?301,4=8,=60?A,7@0:1?30;7,9?B34.30A0=4>2=0,?0=
!+#!+) *),*'% -%*)
'309/09?@=0;=:34-4?>@>1=:880=2492:=.:9>:74/,?492B4?3,9D.:8;,9D:=>077492,77:=>@->?,9?4,77D,77
:1:@=,>>0?>?:,9D.:8;,9D41,1?0=B0/:>:?30>@=A4A492.:8;,9DB:@7/A4:7,?0?307484?,?4:9:97409>:=?30
7484?,?4:9:9>,70>,9/70,>0-,.6>/4>.@>>0/,-:A0'34>/:0>9:?,;;7D41?30>@=A4A492.:8;,9D>0.@=0>?30/0-?
>0.@=4?40>:9,90<@,7-,>4>B4?3?30:?30=>0.@=0//0-?:1?30.:8;,9D
/!)-,*"!".'-) *-%!$!+!*"
'309/09?@=0/01490>,9GA09?:101,@7?H,>-0492,9D:90:1?301:77:B4920A09?>
I 1,47@=0?:;,D49?0=0>?1:=
/,D>,1?0=-0.:8492/@0
I 1,47@=0?:;,D;=49.4;,7:=,9D;=084@81:=14A0-@>490>>/,D>,1?0=-0.:8492/@0
I 1,47@=0?:8,60,>4964921@9/;,D809?1:=14A0/,D>,1?0=-0.:8492/@0
I 1,47@=0?:;0=1:=8,9D:?30=.:A09,9?,;;74.,-70?:?30/0-?>0.@=4?40>1:=
/,D>,1?0=9:?4.0
I .0=?,490A09?>:1-,96=@;?.D49>:7A09.D:==0:=2,94E,?4:9,9/
I ,9D:?30=A09?:101,@7?;=:A4/0/49?30;=:>;0.?@>>@;;70809?
9 A09? :1 01,@7? 1:= , ;,=?4.@7,= >0=40> :1 /0-? >0.@=4?40> B477 9:? 90.0>>,=47D .:9>?4?@?0 ,9 A09? :1
01,@7?1:=,9D:?30=>0=40>:1/0-?>0.@=4?40>4>>@0/@9/0=?309/09?@=0
1,9A09?:101,@7?:..@=>,9/.:9?49@0>?30'=@>?00:=?303:7/0=>:1,?70,>?:1?30?:?,7;=49.4;,7
,8:@9?:1?30>0=40>8,D/0.7,=0?3009?4=0;=49.4;,7,8:@9?:=41?30D,=0#=4249,7>>@04>.:@9?&0.@=4?40>,>
/01490/49?309/09?@=0?30;:=?4:9:1?30;=49.4;,7,8:@9?,>>;0.4140/49?30?0=8>:1>@.3>0=40>:1,77:1?30
/0-?>0.@=4?40>:1?3,?>0=40>?:-0/@0,9/;,D,-704880/4,?07D1?34>3,;;09>>@-50.??:.0=?,49.:9/4?4:9>?30
3:7/0=>:1,8,5:=4?D:1?30?:?,7;=49.4;,7,8:@9?:1?30/0-?>0.@=4?40>:1?3,?>0=40>.,9A:4/?30/0.7,=,?4:9
'309/09?@=0;=:A4/0>?3,?B4?349
/,D>,1?0=/01,@7?@9/0=,>0=40>:1/0-?>0.@=4?40>?30'=@>?00B477
24A0 ?30 3:7/0=> :1 ?3,? >0=40> 9:?4.0 :1 ,77 @9.@=0/ /01,@7?> 69:B9 ?: 4? '30 ?0=8 G/01,@7?H 49.7@/0> ?30 0A09?>
>;0.4140/,-:A0B4?3:@?=02,=/?:,9D;0=4:/:12=,.0:==0<@4=0809?:19:?4.0'30'=@>?008,DB4?33:7/9:?4.0:1
,9D /01,@7? 0C.0;? , /01,@7? 49 ?30 ;,D809? :1 ;=49.4;,7 49?0=0>? := ,9D ;=084@8 41 4? -0740A0> ?3,? 4? 4> 49 ?30
49?0=0>?:1?303:7/0=>
99@,77DB08@>?>09/?:?30'=@>?00,.0=?414.,?0/0>.=4-492,9D0C4>?492/01,@7?>@9/0=?309/09?@=0
#?30=?3,94?>/@?40>49.,>0:1,/01,@7??30'=@>?004>9:?:-742,?0/?:0C0=.4>0,9D:14?>=423?>:=;:B0=>
@9/0=?309/09?@=0,??30=0<@0>?:=/0=:=/4=0.?4:9:1,9D3:7/0=>@970>>?303:7/0=>:110=?30'=@>?00=0,>:9,-70
;=:?0.?4:91=:80C;09>0>,9/74,-474?D1?30D;=:A4/0?34>=0,>:9,-7049/089414.,?4:9?303:7/0=>:1,8,5:=4?D:1
?30?:?,7;=49.4;,7,8:@9?:1,9D>0=40>:1/0-?>0.@=4?40>8,D/4=0.??30'=@>?003:B?:,.?@9/0=?309/09?@=0
!"!,)!) */!))-!"!,)!
*0 3,A0 ?B: :;?4:9> ?: /4>.3,=20 :@= :-742,?4:9> @9/0= , >0=40> :1 /0-? >0.@=4?40> -01:=0 ?304= 8,?@=4?D
/,?0'30>0:;?4:9>,=069:B9,>G/010,>,9.0H,9/G.:A09,9?/010,>,9.0H010,>,9.080,9>?3,?B0B477-0
/0080/?:3,A0;,4/?3009?4=0,8:@9?:1?30,;;74.,-70>0=40>:1/0-?>0.@=4?40>,9/B0B477-0=070,>0/1=:8,77:1
:@=:-742,?4:9>=07,?492?:?3,?>0=40>0C.0;?1:=.0=?,49:-742,?4:9>>@.3,>=024>?0=492?=,9>10=>:1?30>0.@=4?40>
:A09,9?/010,>,9.080,9>?3,?,>?:?30,;;74.,-70>0=40>:1/0-?>0.@=4?40>B0B4779:?3,A0?:.:8;7DB4?3?30
.:A09,9?> /0>.=4-0/ ,-:A0 @9/0= 484?,?4:9 :9 409> 484?,?4:9 :9 &,70> ,9/ 0,>0-,.6> ,9/ !0=20= ,9/
:9>:74/,?4:9
':070.?04?30=/010,>,9.0:=.:A09,9?/010,>,9.01:=,9D>0=40>:1/0-?>0.@=4?40>B08@>?/0;:>4?B4?3
?30'=@>?00,9,8:@9?:18:90D,9/ :=(&2:A0=9809?:-742,?4:9>?3,?B477-0>@114.409??:;,D;=49.4;,749?0=0>?
,9/,9D;=084@8:=>4964921@9/;,D809?>:9?30/0-?>0.@=4?40>B309?3:>0,8:@9?>,=0>.30/@70/?:-0;,4/9
,//4?4:9 B0 8@>? ;=:A4/0 , 702,7 :;494:9 >?,?492 ?3,? ,> , =0>@7? :1 ?30 /010,>,9.0 := .:A09,9? /010,>,9.0
/0-?3:7/0=>B4779:?-0=0<@4=0/?:=0.:294E049.:802,49:=7:>>1:=10/0=,749.:80?,C;@=;:>0>,9//0-?3:7/0=>
B477 -0 >@-50.? ?: 10/0=,7 49.:80 ?,C :9 ?30 >,80 ,8:@9?> 49 ?30 >,80 8,990= ,9/ ,? ?30 >,80 ?480> ,> 41 ?30
/010,>,9.0:=.:A09,9?/010,>,9.03,/9:?:..@==0/:=/010,>,9.0?3,?:;494:98@>?-0-,>0/:904?30=,9
9?0=9,7%0A09@0&0=A4.0=@7492:=,.3,920497,B>49.0?30/,?0?30/0-?>0.@=4?40>B0=04>>@0/*08@>?,7>:
800?:?30=.:9/4?4:9>>@.3,>?30=0-04929:A09?>:101,@7?'30,8:@9?/0;:>4?0/B4?3?30'=@>?00.,9-0
/0.=0,>0/ ,? , 7,?0= /,?0 41 49 ?30 :;494:9 :1 , 9,?4:9,77D =0.:294E0/ 14=8 :1 49/0;09/09? ;@-74. ,..:@9?,9?> ?30
/0;:>4?> ,=0 2=0,?0= ?3,9 ?30 ,8:@9? ?309 900/0/ ?: ;,D ;=49.4;,7 49?0=0>? ,9/ ,9D ;=084@8 := >496492 1@9/
;,D809?>:9?30/0-?>0.@=4?40>B309?3:>0,8:@9?>,=0>.30/@70/?:-0;,4/
#@= :-742,?4:9> =07,?492 ?: ?30 /0-? >0.@=4?40> B477 -0 =049>?,?0/ 41 ?30 '=@>?00 4> @9,-70 ?: ;,D ?30 /0-?
>0.@=4?40>B4?3?30/0;:>4?>307/49?=@>?/@0?:,9:=/0=:1,9D.:@=?:=2:A0=9809?,7,@?3:=4?D?4>;:>>4-70?3,?,
>0=40> :1 /0-? >0.@=4?40> 1:= B34.3 B0 070.? .:A09,9? /010,>,9.0 8,D 7,?0= -0 /0.7,=0/ 4880/4,?07D /@0 49 1@77
-0.,@>0:1,9A09?:101,@7?9:?=07,?492?:?30.:A09,9?>?3,?B0=0/010,>0/1?3,?3,;;09>B08@>?;,D?30
/0-?>0.@=4?40>491@77,??3,??480@>492?30/0;:>4?>307/49?=@>?:=:?30=8:90D
* %"%-%*)*"-$!) !)-.+!
*4?3.0=?,490C.0;?4:9>:@==423?>,9/:-742,?4:9>,9//0-?3:7/0=>F=423?>@9/0=,;,=?4.@7,=>0=40>:1/0-?
>0.@=4?40>8,D-08:/4140/B4?3?30.:9>09?:1?303:7/0=>:19:?70>>?3,9?B:?34=/>:1?30?:?,7;=49.4;,7,8:@9?:1
?3:>0/0-?>0.@=4?40>":8:/414.,?4:9:1?30;=49.4;,7:=49?0=0>?;,D809??0=8>,9/9:8:/414.,?4:9=0/@.492?30
;0=.09?,20=0<@4=0/1:=8:/414.,?4:9>B477-00110.?4A0,2,49>?/0-?3:7/0=B4?3:@?/0-?3:7/0=>F.:9>09?
'*'!.+%-%!,
'30/0-?>0.@=4?40>:10,.3>0=40>3,>-0094>>@0/49?301:=8:1:90:=8:=027:-,7.0=?414.,?0>B34.33,A0
-009/0;:>4?0/B4?3'300;:>4?:=D'=@>?:8;,9D"0B+:=6"0B+:=6G'HB34.3,.?>,>/0;:>4?,=D1:=?30
27:-,7.0=?414.,?0>09014.4,749?0=0>?>4927:-,7.0=?414.,?0>B477-0>3:B9:9,9/?=,9>10=>:127:-,7.0=?414.,?0>B477
-0 0110.?0/ :97D ?3=:@23 =0.:=/> 8,49?,490/ -D ' ,9/ 4?> ;,=?4.4;,9?> '30=01:=0 41 /0-?3:7/0=> B4>3 ?: :B9
/0-? >0.@=4?40> ?3,? ,=0 =0;=0>09?0/ -D :90 := 8:=0 27:-,7 .0=?414.,?0> /0-?3:7/0=> .,9 /: >: :97D 49/4=0.?7D :=
G-09014.4,77DH?3=:@23,9,..:@9?B4?3,-=:60=-,96:=:?30=149,9.4,749>?4?@?4:9?3,?3,>,9,..:@9?B4?3'?3,?
4>,';,=?4.4;,9?:=?3=:@23,9,..:@9?/4=0.?7DB4?3'41>@.3/0-?3:7/0=4>,';,=?4.4;,9?
*3470?30/0-?>0.@=4?40>,=0=0;=0>09?0/-D:90:=8:=027:-,7.0=?414.,?0>
I 0-?3:7/0=>B4779:?-0,-70?:3,A0?30/0-?>0.@=4?40>=024>?0=0/49?304=9,80
I 0-?3:7/0=>B4779:?-0,-70?:=0.04A0,;3D>4.,7.0=?414.,?01:=?30/0-?>0.@=4?40>
I #@= :-742,?4:9> ,> B077 ,> ?30 :-742,?4:9> :1 ?30 '=@>?00 ,9/ ,9D :1 :@= ,209?> @9/0= ?30 /0-?
>0.@=4?40>B477=@9:97D?:',>?30=024>?0=0/:B90=:1?30/0-?>0.@=4?40>:=0C,8;70:9.0B0
8,60 ;,D809? ?: ' B0 B477 3,A0 9: 1@=?30= =0>;:9>4-474?D 1:= ?30 ;,D809? 0A09 41 ' := ,
/0-?3:7/0=F> -=:60= -,96 := :?30= 149,9.4,7 49>?4?@?4:9 1,47> ?: ;,>> 4? :9 >: ?3,? >@.3 /0-?3:7/0=
=0.04A0>4?
I 0-?3:7/0=>F=423?>@9/0=?30/0-?>0.@=4?40>=07,?492?:;,D809?>?=,9>10=>0C.3,920>,9/:?30=
8,??0=> B477 -0 2:A0=90/ -D ,;;74.,-70 7,B ,9/ -D ?30 .:9?=,.?@,7 ,==,920809?> -0?B009 ?30
/0-?3:7/0=,9/>@.3/0-?3:7/0=F>-=:60=-,96:=:?30=149,9.4,749>?4?@?4:9,9/ :=?30.:9?=,.?@,7
,==,920809?> , /0-?3:7/0= := ,9D /0-?3:7/0=F> -=:60= -,96 := 149,9.4,7 49>?4?@?4:9 3,> B4?3 '
"04?30=B09:=?30'=@>?003,>,9D=0>;:9>4-474?D1:=?30,.?4:9>:1':=,9D/0-?3:7/0=F>-=:60=
-,96:=149,9.4,749>?4?@?4:9
I 0-?3:7/0=> 8,D 9:? -0 ,-70 ?: >077 ?304= 49?0=0>?> 49 ?30 /0-? >0.@=4?40> ?: >:80 49>@=,9.0
.:8;,940>,9/:?30=>B3:,=0=0<@4=0/-D7,B?::B9?304=/0-?>0.@=4?40>49?301:=8:1;3D>4.,7
.0=?414.,?0>
I 0.,@>0 ?30 /0-? >0.@=4?40> B477 ?=,/0 49 'F> &,80,D @9/> &0??70809? &D>?08 B309 ,
/0-?3:7/0=-@D>:=>077>49?0=0>?>49?30/0-?>0.@=4?40>;,D809?1:=?308B4773,A0?:-08,/049
4880/4,?07D,A,47,-701@9/>'34>.:@7/,110.??30,??=,.?4A090>>:1?30/0-?>0.@=4?40>?::?30=>
27:-,7 .0=?414.,?0 2090=,77D .,9 -0 ?=,9>10==0/ :97D ,> , B3:70 @970>> 4? 4> -0492 ?=,9>10==0/ ?: .0=?,49
9:84900> :1 ?30 /0;:>4?,=D := 4? 4> 0C.3,920/ 49 B3:70 := 49 ;,=? 1:= /0-? >0.@=4?40> 49 ;3D>4.,7 1:=8 1 , 27:-,7
.0=?414.,?0 4> 0C.3,920/ 1:= /0-? >0.@=4?40> 49 ;3D>4.,7 1:=8 ?30D B477 -0 49 /09:849,?4:9> :1
,9/ 49?02=,7
8@7?4;70>?30=0:1
1"##-

+&,' ('#-#(',( -($)-#('!+&'-)-#(',

(+(-(+ (&)'2('!+&''-#/%'
221/@5B12;>;<@5;:?3>-:@10A:01>@41;>0#;@;>;9<-:E";:3 )1>9:/1:@5B1&8-:

)41%<@5;:9-E:;@.11D1>/5?10<>5;>@;@410-@1;:1E1->2>;9@410-@1;2@41(@;/7%<@5;:3>1191:@;2
C45/4@41?1@1>9?-:0/;:05@5;:?->1-<->@@413>1191:@
)41>1-2@1>@41%<@5;:9-E.11D1>/5?105:
5:?@-8891:@?-?2;88;C?
-135::5:3;:@410-@1;:1E1->2>;9@410-@1;2@413>1191:@@41%<@5;:9-E.11D1>/5?10@;@41
1D@1:@;2;2@41?4->1?;>535:-88E/;B1>10@41>1.E
.135::5:3;:@410-@1@C;E1->?2>;9@410-@1;2@413>1191:@@41%<@5;:9-E.11D1>/5?10@;@41
1D@1:@;2-:-005@5;:-8;2@41?4->1?;>535:-88E/;B1>10@41>1.E
/135::5:3;:@410-@1@4>11E1->?2>;9@410-@1;2@413>1191:@@41%<@5;:9-E.11D1>/5?10@;
@411D@1:@;2-:-005@5;:-8;2@41?4->1?;>535:-88E/;B1>10@41>1.E
0);@411D@1:@:;@1D1>/5?105:?@-8891:@??4-88.1/A9A8-@5B1-:09-E.11D1>/5?105:C4;81;>5:
<->@-:0-88?A.61/@@;@413>1191:@-:0@41?1@1>9?-:0/;:05@5;:?-:0-:E>A81?-:0>13A8-@5;:?
1?@-.85?410.E@41;995@@11<A>?A-:@@;@41&8-:;>@41*:5@10!5:30;9'A81?
$;@C5@4?@-:05:3@412;>13;5:352E;A>?@;/7;<@5;:3>-:@5:/8A010-*!#'1B1:A1A?@;9?H#'I
-<<>;B10?@;/7;<@5;:H*!I@41*!<;>@5;:;2@413>-:@C;A80.19-D595F10C5@45:<1>95??5.81
>13A8-@;>E8595@?
)45?/;A80>1?A8@5:-05221>1:@:A9.1>;2;<@5;:?B1?@5:3;:@4125>?@@4>11-::5B1>?->E
0-@1?;2@413>-:@A:01>@41A:-<<>;B10;<@5;:H*!*I-:0;>@41*!<;>@5;:;2@413>-:@@4-:@41
:A9.1>5:05/-@10.E@41?/410A81-.;B1
:-:E1B1:@@41@;@-8:A9.1>;2*!*?-:0*!?5:@413>-:@
C588-?-C4;81B1?@-//;>05:3@;@41?/410A81-.;B1
,;A>3>-:@5:2;>9-@5;:-B-58-.81;:85:1B5-#;>3-:
(@-:81EG?C1.?5@1 CCC
?@;/7<8-:/;::1/@
/;9;>@4>;A34-#;>3-:(@-:81E<4;:1>1<>1?1:@-@5B1C588
>1281/@@41?<1/525/:A9.1>;2*!?-:0*!*?B1?@5:3;:@41?<1/525/0-@1?

D/1<@-?<>;B50105:@41599105-@18E2;88;C5:3@C;<->-3>-<4?52<>5;>@;@410-@1;:1E1->2>;9@410-@1
;2@413>1191:@@41%<@5;:11?19<8;E91:@C5@4@41;9<-:E?4-88.1@1>95:-@10.E@41;9<-:EC5@4
;>C5@4;A@/-A?1;>.E@41-/@01-@45:/-<-/5@E;>>1@5>191:@;2@41%<@5;:11@41%<@5;:11?>534@@;
1D1>/5?1@41%<@5;:?4-88@1>95:-@1;:@410-@1;2?A/4@1>95:-@5;:;219<8;E91:@-:0-88>534@?41>1A:01>
-:0A:01>@413>1191:@?4-88/1-?1
$;@C5@4?@-:05:3@41<>;B5?5;:?;2@41:1D@<>1/105:3<->-3>-<452@41%<@5;:11?19<8;E91:@C5@4@41
;9<-:E?4-88.1@1>95:-@10.E>1-?;:;2>1@5>191:@>181-?1.1/-A?1;205?-.585@E;>01-@4-:0@41
%<@5;:114-0>19-5:105:@4119<8;E;2@41;9<-:E2;>-@81-?@?5D9;:@4?2;88;C5:3@410-@1;2@41
3>1191:@-:0?A.61/@@;@41<>;B5?5;:?;2>@5/8141>1;2-88@41%<@5;:11?>534@?41>1A:01>-:0A:01>
@413>1191:@?4-88/;:@5:A15:1221/@;>/;:@5:A1@;-//>A1A:@58@410-@1@1:E1->?-2@1>@410-@1;2@41
3>1191:@?A.61/@5:@411B1:@;2@41%<@5;:11?01-@40A>5:3?A/4@1:E1-><1>5;0@;@41<>;B5?5;:?;2
@41?5D@4<->-3>-<4;2@45?>@5/81-:0?A.61/@@;-:E;@41>8595@-@5;:/;:@-5:1041>15:;>5:@413>1191:@
;:@411D1>/5?1;2@41%<@5;:5:1221/@-@@410-@1;21D1>/5?1
$;@C5@4?@-:05:3-:E@45:3@;@41/;:@>->E?1@2;>@441>15:;>5:@413>1191:@52@41%<@5;:11?19<8;E91:@
C5@4@41;9<-:E?4-88.1@1>95:-@10-@-:E@591.E>1-?;:;2-?-81;>;@41>05?<;?5@5;:5:/8A05:3C5@4;A@
8595@-@5;:-@>-:?21>@;- ;5:@+1:@A>1-?41>15:-2@1>0125:10;2@4105B5?5;:;<1>-@5;:;>?A.?505->E5:
C45/4@41%<@5;:11C-?19<8;E10;>@;C45/4@41%<@5;:11C-?-??53:10-88@41%<@5;:11?>534@?A:01>
@41%<@5;:?4-88.1/;91599105-@18E1D1>/5?-.81-:0/;:@5:A15:1221/@A:@58@410-@125B1E1->?-2@1>@41
0-@1;2?A/4@1>95:-@5;:.A@:;@8-@1>@4-:@410-@1@1:E1->?2>;9@410-@1;23>-:@;2@41%<@5;:<>;B5010
@41%<@5;:11?4-88?-@5?2E.;@4;2@412;88;C5:3/;:05@5;:?
-@41%<@5;:11-@@410-@1;2?A/4@1>95:-@5;:4-0>19-5:105:@4119<8;E;2@41;9<-:E2;>-@
81-?@@4>119;:@4?2;88;C5:3@413>-:@;2@41%<@5;:-:0
.@41%<@5;:11/;:@5:A1?@;.1;>.1/;91?19<8;E105:?A/405B5?5;:;<1>-@5;:;>?A.?505->E
2;88;C5:3?A/4?-81;>;@41>05?<;?5@5;:-:0>19-5:?5:?A/419<8;EA:@58@410-@1;21D1>/5?1;2@41
%<@5;:A:81??@41;995@@11;>-:E/;995@@11-<<;5:@10.E5@2;>@41<A><;?1?4-88C-5B1@45?
/;:05@5;:.
*<;:@1>95:-@5;:;2@41%<@5;:11?19<8;E91:@C5@4?A/42;>91>05B5?5;:;<1>-@5;:;>?A.?505->E
2;88;C5:3?A/4?-81;>;@41>05?<;?5@5;:-:E@41:1D5?@5:3>534@;2@41%<@5;:11@;1D1>/5?1@41%<@5;:?4-88
.1?A.61/@@;@412;88;C5:38595@-@5;:?552@41%<@5;:11?19<8;E91:@5?@1>95:-@10.E>1-?;:;205?-.585@E
01-@4;>>1@5>191:@C5@4@41-<<>;B-8;245?;>41>19<8;E1>@41%<@5;:11?>534@??4-88/;:@5:A1-?<>;B5010
5:@41<>1/105:3?1:@1:/1C5@4@41?-911221/@-?5245?;>41>19<8;E91:@4-0:;@@1>95:-@105552@41
%<@5;:11?19<8;E91:@5?@1>95:-@10.E>1-?;:;205?/4->31;>B;8A:@->E=A5@@41%<@5;:11?>534@??4-88
@1>95:-@1;:@410-@1;2?A/4@1>95:-@5;:;219<8;E91:@-:0-88>534@?A:01>@41%<@5;:?4-88/1-?1-:0
55552@41%<@5;:11?19<8;E91:@5?@1>95:-@102;>-:E>1-?;:;@41>@4-:->1-?;:?1@2;>@45:@41<>1/105:3
/8-A?1?5-:055@41%<@5;:11?4-884-B1@41>534@C5@45:@4>119;:@4?-2@1>?A/4@1>95:-@5;:@;1D1>/5?1
@41%<@5;:@;@411D@1:@@4-@5@;>-:E5:?@-8891:@@41>1;2?4-884-B1-//>A10-@@410-@1;2?A/4@1>95:-@5;:
-:0?4-88:;@4-B1.11:1D1>/5?10?A.61/@5:@41/-?1;2-:E?A/4@1>95:-@5;:@;@41<>;B5?5;:?;2>@5/81
41>1;2-:0-:E;@41>8595@-@5;:;:@411D1>/5?1;2@41%<@5;:5:1221/@-@@410-@1;21D1>/5?1
;><A><;?1?
;2@45?<->-3>-<4@41@1>9 ;5:@+1:@A>1?4-8891-:-:E6;5:@B1:@A>1/;><;>-@5;:;><->@:1>?45<;>
/;9<->-.811:@5@E5:C45/4@41;9<-:E4-?-?A.?@-:@5-81=A5@E5:@1>1?@
2;:;>-2@1>@410-@1;:1E1->2>;9@410-@1;2@413>1191:@@41%<@5;:11?19<8;E91:@C5@4@41
;9<-:E?4-88.1@1>95:-@102;>-:E>1-?;:1D/1<@>1@5>191:@>181-?1.1/-A?1;205?-.585@E01-@4>181-?1
.1/-A?1;2-?-81;>;@41>05?<;?5@5;:;2@4105B5?5;:;<1>-@5;:;>?A.?505->E5:C45/4@41%<@5;:11C-?
19<8;E10;>@;C45/4@41%<@5;:11C-?-??53:1005?/4->31>181-?15:@41.1?@5:@1>1?@;2@41;9<-:E;>
B;8A:@->E=A5@@41%<@5;:11?4-884-B1@41>534@C5@45:@4>119;:@4?-2@1>?A/4@1>95:-@5;:@;1D1>/5?1@41
%<@5;:@;@411D@1:@@4-@5@;>-:E5:?@-8891:@@41>1;2?4-884-B1-//>A10-@@410-@1;2?A/4@1>95:-@5;:;2
19<8;E91:@-:0?4-88:;@4-B1.11:1D1>/5?10?A.61/@@;@41<>;B5?5;:?;2>@5/8141>1;2-:0-:E;@41>
8595@-@5;:/;:@-5:1041>15:;>5:@413>1191:@;:@411D1>/5?1;2@41%<@5;:5:1221/@-@@410-@1;2
1D1>/5?1
2@41%<@5;:11?19<8;E91:@C5@4@41;9<-:E?4-88.1@1>95:-@10-@-:E@591.E>1-?;:;205?/4->31
>181-?15:@41.1?@5:@1>1?@;2@41;9<-:E;>B;8A:@->E=A5@@41%<@5;:11?>534@@;1D1>/5?1@41%<@5;:
?4-88@1>95:-@1;:@410-@1;2?A/4@1>95:-@5;:;219<8;E91:@-:0-88>534@?41>1A:01>-:0A:01>@41
3>1191:@?4-88/1-?1
2@41%<@5;:11?4-88051C5@45:@41-<<85/-.81<1>5;0?<1/525105:@41?1/;:0@45>0;>2;A>@4<->-3>-<4;2
@45?>@5/81@41.1:125/5->E01?53:-@10<A>?A-:@@;>@5/8141>1;2;>52:;?A/401?53:-@5;:5?5:1221/@@41
1D1/A@;>;>-095:5?@>-@;>;2@411?@-@1;2@4101/101:@;>@41<1>?;:;><1>?;:?@;C4;9@41%<@5;:?4-88
4-B1.11:B-8508E@>-:?21>>10.E@411D1/A@;>;>@41-095:5?@>-@;><A>?A-:@@;C588;>@418-C?;201?/1:@
-:005?@>5.A@5;:?4-884-B1@41>534@C5@45:@41?-91<1>5;0;2@591-?@41<1>5;00A>5:3C45/4@41%<@5;:11
C;A804-B1.11:1:@5@810@;1D1>/5?1@41%<@5;:52@41%<@5;:114-0:;@0510@;1D1>/5?1@41%<@5;:1D/1<@
@4-@52@412;A>@4<->-3>-<4;2@45?>@5/81?4-88-<<8E@;@41%<@5;:11@41%<@5;:9-E.11D1>/5?10;:8E@;
@411D@1:@@4-@5@;>-:E5:?@-8891:@@41>1;2?4-884-B1-//>A10-@@410-@1;201-@4-:0?4-88:;@4-B1.11:
1D1>/5?10-:01D/1<@@4-@@41<1>5;0;2@591C5@45:C45/4@41%<@5;:?4-88.11D1>/5?-.812;88;C5:3@410-@1
;2@41%<@5;:11?01-@4?4-88:;@.19;>1@4-:;:1E1->;>81??@4-:;:1E1->A:81??@41%<@5;:.E5@?
@1>9?1D<5>1?1->851>?A.61/@@;@41<>;B5?5;:@4-@@41%<@5;:?4-88:;@.11D1>/5?10A:01>-:E
/5>/A9?@-:/1?.1E;:0@1:E1->?2>;9@410-@1;2@413>1191:@-:0@;-:E;@41>8595@-@5;:;:@411D1>/5?1
;2@41%<@5;:5:1221/@-@@410-@1;21D1>/5?1
$;@C5@4?@-:05:3-:E@45:3@;@41/;:@>->E?1@2;>@45:@413>1191:@;>5:@41?1@1>9?-:0/;:05@5;:?@41
%<@5;:?4-88:;@.11D1>/5?10;:;>-2@1>@410-@1@1:E1->?2>;9@410-@1;2@413>1191:@

:E@45:3/;:@-5:1041>15:;>5:@413>1191:@@;@41/;:@>->E:;@C5@4?@-:05:3@41>534@;2@41%<@5;:11@;
1D1>/5?1@41%<@5;:2;88;C5:3@1>95:-@5;:;2@41%<@5;:11?19<8;E91:@C5@4@41;9<-:E?4-88>19-5:
1221/@5B1;:8E520A>5:3@411:@5>1<1>5;02>;9@410-@1;2@41%<@5;:11?@1>95:-@5;:@;@410-@1;2?A/4
1D1>/5?1@41%<@5;:11?4-884-B11->:10;A@?A/4>534@.E59-75:3459?182;>41>?182-B-58-.81A<;:
>1=A1?@-@>1-?;:-.81@591?-:0A<;:->1-?;:-.81.-?5?@;/;:?A8@C5@4?A<<8E5:2;>9-@5;:@;-:0
;@41>C5?1/;;<1>-@1C5@4@41;9<-:E;>-:E?A.?505->E@41>1;2C5@4>1?<1/@@;-:E9-@@1>@4-@?4-884-B1
.11:4-:0810.E459;>41>;>A:01>45?;>41>?A<1>B5?5;:C458141;>?41C-?5:@4119<8;E;2@41
;9<-:E;>;2-:E?A.?505->E@41>1;2-:055>12>-5:5:32>;91:3-35:35:-:E-/@5B5@E@4-@5?05>1/@8E;>
5:05>1/@8E5:/;9<1@5@5;:C5@4-:E-/@5B5@E;2@41;9<-:E;>-:E?A.?505->E@41>1;2
:@411B1:@;2@41%<@5;:11?:;:2A8258891:@;2@41/;:05@5;:?1@2;>@45:@41599105-@18E<>1/105:3
<->-3>-<4@41%<@5;:11?>534@@;1D1>/5?1@41%<@5;:?4-88/1-?1<>;B50104;C1B1>@4-@@41
:;:2A8258891:@;2?A/4/;:05@5;:9-E-@-:E@591C41@41>.12;>1-@@41@591;2;>?A.?1=A1:@@;@1>95:-@5;:
;245?;>41>19<8;E91:@.1C-5B105:@412;88;C5:39-::1>
52@41%<@5;:11-@-:E@591?4-884-B1.11:?A.61/@@;@41>1<;>@5:3>1=A5>191:@?;2(1/@5;: -;2
@41(1/A>5@51?D/4-:31/@;2 -?-91:010@41D/4-:31/@;>@4185-.585@E<>;B5?5;:?;2
(1/@5;: .;2@41D/4-:31/@-:E?A/4%<@5;:11.15:341>15:-2@1>/-8810-(1/@5;: &1>?;:
?A/4C-5B1>9-E.13>-:@10.E@41;995@@11A<;:5@?01@1>95:-@5;:@4-@5:5@??;816A0391:@@41>1
?4-88:;@4-B1.11:-:0C588:;@.1-:E?A.?@-:@5-8-0B1>?11221/@A<;:@41;9<-:E;>-:E?A.?505->E
@41>1;2.E>1-?;:;2@41:;:2A8258891:@;2?A/4/;:05@5;:-:0
52@41%<@5;:11?4-88:;@-@-:E@5914-B1.11:-(1/@5;: &1>?;:?A/4C-5B1>9-E.13>-:@10.E
@41;995@@11;>-:E/;995@@11-<<;5:@10.E5@2;>@41<A><;?1A<;:5@?01@1>95:-@5;:@4-@5:5@??;81
6A0391:@@41>1?4-88:;@4-B1.11:-:0C588:;@.1-:E?A/4?A.?@-:@5-8-0B1>?11221/@
:E@45:3/;:@-5:1041>15:;>5:@413>1191:@@;@41/;:@>->E:;@C5@4?@-:05:3@41>534@;2@41%<@5;:11@;
1D1>/5?1@41%<@5;:2;88;C5:3@1>95:-@5;:;2@41%<@5;:11?19<8;E91:@C5@4@41;9<-:E?4-88/1-?1;:
-:0-?;2@410-@1;:C45/45@4-?.11:01@1>95:10.E@41;995@@11@4-@@41%<@5;:11-@-:E@591
C41@41>.12;>1;>?A.?1=A1:@@;@1>95:-@5;:;2@41%<@5;:11?19<8;E91:@-/@105:-9-::1>5:595/-8@;
@41.1?@5:@1>1?@?;2@41;9<-:E
;:0A/@C45/4/;:?@5@A@1?1:3-35:35:-:-/@5B5@E@4-@5?05>1/@8E;>
5:05>1/@8E5:/;9<1@5@5;:C5@4-:E-/@5B5@E;2@41;9<-:E;>-:E?A.?505->E@41>1;2?4-88.13;B1>:10.E@41
2;A>599105-@18E<>1/105:3<->-3>-<4?;2@45?>@5/81-:0?4-88:;@.1?A.61/@@;-:E01@1>95:-@5;:A:01>
@45?<->-3>-<4

&-E91:@2;>-:E?4->1?;2(@;/7<A>/4-?10A<;:1D1>/5?1;2@41%<@5;:?4-88.19-015:2A88-@@41@591;2
1D1>/5?1
(A/4<-E91:@9A?@.19-015:/-?4
)41%<@5;:112>;9@591@;@5910A>5:3@41<1>5;0C41:@41%<@5;:9-E.E5@?@1>9?.11D1>/5?109-E
1D1>/5?1@41%<@5;:5:C4;81;>5:<->@.E0185B1>5:3@;@41;9<-:E5-C>5@@1::;@5/1?53:10.E@41
%<@5;:11?@-@5:3@41:A9.1>;2?4->1?@4-@@41%<@5;:114-?181/@10@;<A>/4-?1-@@4-@@5912>;9@41
;9<-:E-:055-/41/75:-:-9;A:@1=A-8@;@41<A>/4-?1<>5/1;2@41?4->1?@41:@;.1<A>/4-?10

)41;995@@11525@?4-8801195@:1/1??->E;>01?5>-.812;>-:E>1-?;:/;::1/@10C5@4-:E8-C;>
>13A8-@5;:;2-:E3;B1>:91:@-8-A@4;>5@E>18-@5:3@;@41>13A8-@5;:;2?1/A>5@51?9-E>1=A5>1@41%<@5;:11@;
1D1/A@1-:02581C5@45@?A/41B501:/1-?5@9-E0119:1/1??->E@4-@@41%<@5;:115?-/=A5>5:3-:E?4->1?
;2(@;/72;>5:B1?@91:@-:0:;@C5@4-B51C@;@415>05?@>5.A@5;:
??;;:-?<>-/@5/-.81-2@1>>1/15<@.E@41;9<-:E;2?A/4:;@5/1-:0/41/752@41%<@5;:5?1D1>/5?105:
C4;81;>5:<->@-:0?A/41B501:/1;25:@1:@@;-/=A5>12;>5:B1?@91:@-?9-E.1>1=A5>10.E@41
;995@@11@41;9<-:E?4-885??A1@41-<<>;<>5-@1:A9.1>;2?4->1?5:@41:-91;2@41%<@5;:11-:0
0185B1>@41/1>@525/-@1@41>12;>1@;@41%<@5;:11
)41:A9.1>;2?4->1??4-88.1-06A?@10-<<>;<>5-@18E;>
;@41>-<<>;<>5-@1->>-:3191:@??4-88.19-012;>-:E@-D1?>1=A5>10@;.1C5@44180.E*:5@10!5:30;9;>
*:5@10(@-@1?2101>-8?@-@1;>8;/-88-C

?-/;:05@5;:;2@413>-:@5:3;2@41%<@5;:@41%<@5;:11-:0@41%<@5;:11??A//1??;>?-:0-??53:?-3>11
@4-@-:E05?<A@1;>05?-3>1191:@C45/4?4-88->5?1A:01>;>-?->1?A8@;2@413>1191:@;>@41?1@1>9?-:0
/;:05@5;:??4-88.101@1>95:10.E@41;995@@115:5@??;8105?/>1@5;:-:06A0391:@-:0@4-@-:E?A/4
01@1>95:-@5;:-:0-:E5:@1><>1@-@5;:.E@41;995@@11;2@413>1191:@;>;2@41?1@1>9?-:0/;:05@5;:?
?4-88.125:-8-:0?4-88.1.5:05:3-:0/;:/8A?5B12;>-88<A><;?1?

)41;<@5;:5?:;@@>-:?21>-.81.E@41%<@5;:11-:00A>5:3@41%<@5;:11?8521@591@41%<@5;:5?1D1>/5?-.81
;:8E.E@41%<@5;:11;>@41%<@5;:11?813-8>1<>1?1:@-@5B1

)41%<@5;:11;>@41%<@5;:11?813-8>1<>1?1:@-@5B1?4-884-B1:;>534@?-?-?@;/74;801>C5@4>1?<1/@@;
-:E?4->1/;B1>10.E@41%<@5;:A:@58?A/4<1>?;:?4-884-B1.1/;91@414;801>;2>1/;>0;2?A/4?4->1
-:01D/1<@-?<>;B50105:>@5/8141>1;2:;-06A?@91:@?4-88.19-012;>05B501:0?;>05:->E;>
1D@>-;>05:->EC41@41>5:/-?4;>?1/A>5@51?;>;@41><>;<1>@E;>05?@>5.A@5;:?;>;@41>>534@?5:>1?<1/@;2
?A/4?4->12;>C45/4@41>1/;>00-@15?<>5;>@;@410-@1A<;:C45/4?A/4<1>?;:?4-88.1/;91@414;801>;2
>1/;>0@41>1;2

)411D5?@1:/1;2@41%<@5;:?4-88:;@-221/@5:-:EC-E@41>534@;><;C1>;2@41;9<-:E;>5@??@;/74;801>?
@;9-71;>-A@4;>5F1-:E-06A?@91:@?>1/-<5@-85F-@5;:?>1;>3-:5F-@5;:?;>;@41>/4-:31?5:@41;9<-:E?
/-<5@-8?@>A/@A>1;>5@?.A?5:1??;>-:E91>31>;>/;:?;850-@5;:;2@41;9<-:E;>-:E5??A1;2.;:0?
01.1:@A>1?<>121>>10;><>5;><>121>1:/1?@;/7?-41-0;2;>-221/@5:3@41(@;/7;>@41>534@?@41>1;2;>@41
05??;8A@5;:;>85=A50-@5;:;2@41;9<-:E;>-:E?-81;>@>-:?21>;2-88;>-:E<->@;25@?-??1@?;>.A?5:1??
;>-:E;@41>/;><;>-@1-/@;><>;/1105:3?C41@41>;2-?5958->/4->-/@1>;>;@41>C5?1

)41?4->1?/;B1>10.E@41%<@5;:->1?4->1?;2(@;/7-?<>1?1:@8E/;:?@5@A@10.A@52-:0C41:1B1><>5;>
@;@410185B1>E.E@41;9<-:E;2-88;2@41?4->1?;2(@;/70185B1>-.81A<;:1D1>/5?1;2@41%<@5;:@41
;9<-:E?4-881221/@@41<-E91:@;2-?@;/705B501:0;:(@;/7<-E-.815:?4->1?;2(@;/7-?A.05B5?5;:;>
/;9.5:-@5;:;2@41?4->1?;2(@;/7;>->1/8-??525/-@5;:;2(@;/7@41:A9.1>-:0<>5/1;2?4->1?>19-5:5:3
A:01>@41%<@5;:?4-88.1-<<>;<>5-@18E-06A?@10<>;B5010@4-@@41-06A?@91:@5?<1>95@@10.E<->-3>-<4
(/410A81@@41:/;91-:0;><;>-@5;:)-D1?/@ -:0-8?;<>;B5010@4-@@41-06A?@91:@C588:;@
.11221/@5B1A:@58-:0A:81??5@5?-<<>;B10.E@41;->0;2@41:8-:0'1B1:A1
(A/4-06A?@91:@?4-88.1
9-01.E@41;995@@11C4;?101@1>95:-@5;:-?@;C4-@-06A?@91:@?4-88.19-01-:0@411D@1:@@41>1;2
?4-88.125:-8-:0?4-88.1.5:05:3-:0/;:/8A?5B12;>-88<A><;?1?
:E?A/4-06A?@91:@9-E<>;B5012;>@41
18595:-@5;:;2-:E2>-/@5;:-8?4->1C45/49534@;@41>C5?1.1/;91?A.61/@@;@41%<@5;:

D/1<@-?41>15:.12;>11D<>1??8E<>;B5010-@415??A1.E@41;9<-:E;2?4->1?;2(@;/7;2-:E/8-??
;>?1/A>5@51?/;:B1>@5.815:@;?4->1?;2(@;/7;2-:E/8-??2;>/-?4;><>;<1>@E;>2;>8-.;>;>?1>B5/1?15@41>
A<;:05>1/@?-81;>A<;:@411D1>/5?1;2>534@?;>C->>-:@?@;?A.?/>5.1@41>12;>1;>A<;:/;:B1>?5;:;2
?4->1?;>;.853-@5;:?;2@41;9<-:E/;:B1>@5.815:@;?A/4?4->1?;>;@41>?1/A>5@51?;>.@41<-E91:@;2
-?@;/705B501:0;:-:E;@41>/8-??;2@41;9<-:E??@;/7;>/-:E?A.05B5?5;:;>/;9.5:-@5;:;2@41
?4->1?;2-:E;@41>/8-??;2@41;9<-:E??@;/7;>0-:E>1/8-??525/-@5;:;2-:E;@41>/8-??;2@41
;9<-:E??@;/7?4-88:;@-221/@-:0:;-06A?@91:@.E>1-?;:@41>1;2?4-88.19-01C5@4>1?<1/@@;@41
:A9.1>;><>5/1;2?4->1?;2(@;/7?A.61/@@;@41%<@5;:

(A.61/@@;'A81;2@41*:5@10!5:30;9'A81?-2@1>-:E91>31>;2;:1;>9;>1/;><;>-@5;:?5:@;@41
;9<-:E;>-2@1>-:E/;:?;850-@5;:;2@41;9<-:E-:0;:1;>9;>1/;><;>-@5;:?5:C45/4@41;9<-:E
?4-88.1@41?A>B5B5:3/;><;>-@5;:@41%<@5;:11?4-88-@:;-005@5;:-8/;?@.11:@5@810A<;:-:E1D1>/5?1;2
@41%<@5;:@;>1/15B1?A.61/@@;-:E>1=A5>10-/@5;:.E?@;/74;801>?5:851A;2@41:A9.1>;2?4->1?-?@;
C45/4@41%<@5;:?4-88@41:.1?;1D1>/5?10@41:A9.1>-:0/8-??;2?4->1?;2(@;/7;>;@41>?1/A>5@51?@;
C45/4@41%<@5;:11C;A804-B1.11:1:@5@810<A>?A-:@@;@41@1>9?;2@41-3>1191:@;291>31>;>
/;:?;850-@5;:52-@@41@591;2?A/491>31>;>/;:?;850-@5;:@41%<@5;:114-0.11:-4;801>;2>1/;>0;2-
:A9.1>;2?4->1?;2(@;/71=A-8@;@41:A9.1>;2?4->1?-?@;C45/4?A/4%<@5;:?4-88@41:.1?;
1D1>/5?10
;9<->-.81>534@??4-88-//>A1@;@41%<@5;:115:@411B1:@;2?A//1??5B191>31>?;>
/;:?;850-@5;:?;2@41/4->-/@1>01?/>5.10-.;B1
:E@45:3/;:@-5:1041>15:;>5:@413>1191:@@;@41
/;:@>->E:;@C5@4?@-:05:3A<;:@4105??;8A@5;:;>85=A50-@5;:;2@41;9<-:E;>A<;:-:E91>31>;>
/;:?;850-@5;:5:C45/4@41;9<-:E5?:;@@41?A>B5B5:3/;><;>-@5;:@41%<@5;:?4-88@1>95:-@1.A@52-
<1>5;0;2;:1E1->2>;9@410-@1;2@413>1191:@?4-884-B11D<5>10@41%<@5;:11?4-884-B1@41>534@
599105-@18E<>5;>@;?A/405??;8A@5;:85=A50-@5;:91>31>;>/;:?;850-@5;:@;1D1>/5?1@41%<@5;:5:C4;81;>
5:<->@@;@411D@1:@5@?4-88:;@4-B1.11:1D1>/5?10C5@4;A@>13->0@;@415:?@-8891:@<>;B5?5;:?;2>@5/81
41>1;2.A@?A.61/@@;-:E;@41>8595@-@5;:/;:@-5:1041>15:;>5:@413>1191:@;:@411D1>/5?1;2@41%<@5;:
5:1221/@;:@410-@1;21D1>/5?1
:@411B1:@;2-:E;@41>1B1:@-221/@5:3(@;/7-:-<<>;<>5-@1-06A?@91:@
?4-88.19-015:@41:A9.1>-:0<>5/1;2?4->1?>19-5:5:3A:01>-:0;@41>@1>9?-:0<>;B5?5;:?;2@41
%<@5;:
)412;>13;5:3-06A?@91:@?-:0@419-::1>;2-<<85/-@5;:;2@412;>13;5:3<>;B5?5;:??4-88.1
01@1>95:10.E@41;995@@115:5@??;8105?/>1@5;:-:0?A/401@1>95:-@5;:?4-88.125:-8-:0?4-88.1
.5:05:3-:0/;:/8A?5B12;>-88<A><;?1?
:E?A/4-06A?@91:@9-E<>;B5012;>@4118595:-@5;:;2-:E
2>-/@5;:-8?4->1C45/49534@;@41>C5?1.1/;91?A.61/@@;@41%<@5;:

)-#('$'(0%!,'!+,-"-#'(++ (+-" (&)'2-()+ (+&#-,+*.#+&'-,
.'+-"%'-" (&)'2&2)+(,, (+'#' #'#-)+#(( -#&)+,('%-(.-
)-#('."-#'%.,.-#,'(-%#&#--(-"#' (+&-#(')+(/##'-")-#('!+'-
&-+#%,''2"'!,-"+-('(-"+))+()+#-)+,('%-(.-)-#('#'%.#'!
#' (+&-#('(.-)-#(',)+-##)-#('#'-"%''()-#(',1+#,.'+-"%' +(&
-#&-(-#&)-#('%,("+2!#/, (+'#' #'#-)+#(( -#&)-#(',1)%##-(','-
-(-" (&)'2-((%%-.,,-(+'-+', +'2,.")+,('%- (+.,#'-"'#-
--,( &+#(+'2(-"++*.#+%(-#('"%!%)+,(', (+0"(&-")+,('%-#,
#'-'#'%.(+''2( #-,,.,##+#,-"(.-,#)%'&#'#,-+-(+,,%-2-"
(&)'2 +(&-#&-(-#&''2(-"+)+,('-"--" (&)'2&2&))+()+#-#'#-,
&#'#,-+-#('( -"%')-#('",'#' (+&( )-#(',+#!"--(,,'(++-
)-#(',)+,('%-2('--#'!)-#(',%(%.&',(.+,)+,'--#/
)-#('",'#' (+&( )-#(',+#!"--(0#-"+0-'2-#&)-#(',(','--(-"
)+(,,#'!( )+,('%-)-#('",'#' (+&-"--")+(/#,#('( )+,('%-#,
/(%.'-+2)-#('.'+,-',-"--"-+', +( -"#' (+&-#('(.-%#'"+#,#&)(+-'--(
-"&#'#,-+-#('( -"%')-#(',(','-#,!#/' +%2'#,/%#,%('!,#-#,'
(+&#'#,-+-#('( -"%'(+-((&)%20#-"))%#%%!%+*.#+&'-,)-#(', #%.+-(
(','--(-" (&)'2,(%%-#('.,,-(+!'-+', +( ,.")+,('%-&2%#&#-
)-#(',+#!"--()+-##)-#'-"%'(+).+)(,,( -"#,)+!+)"-"-+& (&)'2,"%%
&-(#'%.(+(-(+ (&)'2)-#(',&)%(2+''2(-"+ #%#-( (+
(-(+ (&)'2#'/(%/#'-"&#'#,-+-#('( -"%'

%<@5;:11-/7:;C81031?@4-@@41;9<-:E5?1:@5@810@;@1>95:-@1@41&8-:A:58-@1>-88E-:0%<@5;:1141>1.E
C-5B1?-:E>534@@;>1/15B1&8-:.1:125@?5:@411B1:@@4-@@41&8-:5?@1>95:-@10;>%<@5;:11?>534@@;
1D1>/5?1@41%<@5;:;@41>C5?1@1>95:-@1?A:01>@41@1>9?;2@413>1191:@
%<@5;:112A>@41>-/7:;C81031?
@4-@@41;9<-:E?3>-:@;2@41;<@5;:@;%<@5;:115?:;@-:18191:@;2@41%<@5;:11?/;9<1:?-@5;:-:0
@4-@@41;<@5;:5?-C->0105:@41;9<-:E?05?/>1@5;:
%<@5;:112A>@41>-/7:;C81031?@4-@>1/15<@;2@41
%<@5;:0;1?:;@1:@5@81%<@5;:11@;-:E2A>@41>3>-:@?;2-:%<@5;:5:@412A@A>1-:0@4-@@41;9<-:E0;1?
:;@3A->-:@11@4-@.1:125@?A:01>@41&8-:C5884-B1-<->@5/A8->B-8A1;>.13>-:@10@;%<@5;:115:@41
2A@A>1

$;@C5@4?@-:05:3-:E;2@41;@41><>;B5?5;:?;2@413>1191:@;>@41?1@1>9?-:0/;:05@5;:?@41%<@5;:11
-3>11?:;@@;1D1>/5?1@41%<@5;:-:0@4-@@41;9<-:EC588:;@.1;.853-@10@;5??A1-:E?4->1?<A>?A-:@
@;@413>1191:@52@411D1>/5?1;2@41%<@5;:;>@415??A-:/1;2?A/4?4->1?C;A80/;:?@5@A@1-B5;8-@5;:
.E@41%<@5;:11;>.E@41;9<-:E;2-:E<>;B5?5;:?;2-:E8-C;>>13A8-@5;:;2-:E3;B1>:91:@-8
-A@4;>5@E
:E01@1>95:-@5;:;2@41;995@@115:@45?/;::1/@5;:?4-88.125:-8-:0?4-88.1.5:05:3-:0
/;:/8A?5B12;>-88<A><;?1?
)41;9<-:E?4-885::;1B1:@.1;.853-@10@;@-71-:E-225>9-@5B1-/@5;:5:
;>01>@;/-A?1@411D1>/5?1;2@41%<@5;:;>@415??A-:/1;2?4->1?<A>?A-:@@41>1@;@;/;9<8EC5@4-:E8-C
;>-:E>13A8-@5;:;2-:E3;B1>:91:@-8-A@4;>5@E

B1>E:;@5/1>18-@5:3@;@413>1191:@?4-88.15:C>5@5:3-:0?4-88.135B1:.E>135?@1>109-58C5@4>1@A>:
>1/15<@>1=A1?@10
88:;@5/1?@;@41;9<-:E?4-88.1-00>1??10@;
#;>3-:(@-:81E
;>0(1>B5/11:@1>
&-31#588';-0
803
(A5@1
&-8;8@;*(
&4;:1$;

%'*
(

$;: *
(

-D$;

88:;@5/1?.E@41;9<-:E@;@41%<@5;:11?4-88.1-00>1??10@;@41/A>>1:@-00>1??;2@41%<@5;:11-?
?4;C:;:@41>1/;>0?;2@41;9<-:E
5@41><->@E.E:;@5/1@;@41;@41>9-E01?53:-@1-05221>1:@-00>1??
@;C45/4:;@5/1??4-88.1-00>1??10
:E:;@5/135B1:.E@41;9<-:E@;@41%<@5;:11-@45?;>41>8-?@
01?53:-@10-00>1???4-88.11221/@5B1@;.5:0-:E;@41><1>?;:C4;?4-88-/=A5>1>534@?A:01>@41
3>1191:@

)413>1191:@4-?.11:9-015:-:05@-:0@41?1@1>9?-:0/;:05@5;:??4-88.1/;:?@>A105:-//;>0-:/1
C5@4@418-C?;2@41(@-@1;2#5/453-:

$;*
!
5:/;91@-DC588.1<-E-.81;:@413>-:@;2@41%<@5;:
)41;9<-:EC5884;C1B1>5:2;>9#';2
@413>-:@;2@41%<@5;:
$;*
!
5:/;91@-D?4;A80.1<-E-.81;:@411D1>/5?1;2*!%<@5;:?<>;B5010
@4-@@41*!?/4191>1@-5:?5@?*
!
#'-<<>;B10?@-@A?-:0@41%<@5;:5?1D1>/5?10-@81-?@E1->?
-:0:;@9;>1@4-: E1->?2>;9@410-@1;23>-:@
&$

" '$! %"#$!
&78 *0&;&6*"
$*78 *0&;&6*"
&2&).&23&)*&7.2,314&2= &2&)&
&2/40( 2,0&2)
1' ;.8>*60&2)
98313'.0*7 6&2(*
36)30).2,7 *0&;&6*"
36)983 *(96.8.>&8.32!6978 &2&)&
36)983138.:*.2&2(*-.2&.1.8*) -.2&
36)&2/1' *61&2=
36)6*).8983*&7*!;3 *0&;&6*"
36)6*).8983;2*6!6978
# *0&;&6*"
36)6*).8983;2*6!6978
#
*0&;&6*"
36)6*).8983;2*6!6978
# *0&;&6*"
36)6*).8983;2*6!6978
#
*0&;&6*"
36)6*).8983;2*6!6978
# *0&;&6*"
36)6*).8983;2*6!6978
#
*0&;&6*"
36)6*).8983;2*6!6978
# *0&;&6*"
36)6*).8983;2*6!6978

# *0&;&6*"
36)6*).8983;2*6!6978

#
*0&;&6*"
36)6*).8&2&)&314&2= &2&)&
36)6*).8&2&).&2*2).2, &2&)&
36)6*).8983*(*.:&'0*7 *0&;&6*"
36)6*).8033640&236436&8.32 *0&;&6*"
36)6*).8033640&2&78*6;2*6!6978 *0&;&6*"
36)6*).828*62&8.32&0 *0&;&6*"
36)*987(-0&2)30).2,1' *61&2=
36)74&2& 4&.2
36)9634*&230).2,7 *0&;&6*"
36)30).2,7 *0&;&6*"
36)03'&0!*(-2303,.*7 *0&;&6*"
36)2).&6.:&8*.1.8*) 2).&
36)28*62&8.32&0&4.8&0 *0&;&6*"
36)28*62&8.32&0.59.).8=&2&,*1*28.1.8*) 2,0&2)
36)8&0.& 4 8&0=
36)*&7*!6978 &2&)&
36)*<.(330).2,7 *0&;&6*"
36)3836-.2&8) -.2&
36)3836314&2=6&7.08)& 6&>.0
36)3836314&2=.1.8*) 2,0&2)
36)3836314&2=3+9786&0.&8=8) 9786&0.&
" '$! %"#$!
36)3836314&2=3+&2&)&.1.8*) &2&)&
36)3836314&2=3+ 398-*62+6.(&8=.1.8*) 398-+6.(&
36)3836314&2= )*# *<.(3
36)38366*).8314&2= *0&;&6*"
36)3836 *6:.(*314&2= .(-.,&2"
36)*8&.06394.1.8*) 2,0&2)
36)31&2.& 31&2.&
36) 1&683'.0.8= *0&;&6*"
36)!6&).2,314&2= *0&;&6*"
36)#.1.8*) 2,0&2)
36)# ;*)*2
36)$*6/*1' *61&2=
03'&02:*781*287 2( *0&;&6*"
8-*6" 9'7.).&6.*7
8-*632" 9'7.).&6.*7
%%%%%%%%%%%%
8-*679'7.).&6.*7&6*2387-3;2'=2&1*.28-*&'3:*0.78'*(&97*(327.)*6*).28-*&,,6*,&8*&7&
7.2,0*79'7.).&6=8-*=;390)238(3278.898*&7.,2.+.(&2879'7.).&6=

')'+')'%(&/!#*+)+#'&++%&+'*

&
'&
')%&
'&')%
")/'&*&++'+"#&')(')+#'&/) )&#&+" ')%&+#'&!#*+)+#'&++%&+*' ')'+')

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

!

"$)/'4)&5.%&23*(.&%"%*2&$4/2/'/2%/4/2/-0".9</2%="00/*.43&"$)/'&,,&.
;",,"()".3(//%".%"$*,,*62"9)*3/2)&2425&".%,"7'5,"44/2.&9".%"(&.44/%/".9".%
",,"$43".%4)*.(3".%&8&$54&".9".%",,*.3425-&.437)*$)4)&"44/2.&9".%"(&.4-"9%&&-.&$&33"29/2
"%6*3"#,&*./2%&24/&."#,&/2%4/$/-0,97*4)4)&&$52*4*&38$)".(&$4/' ".%".92&15*2&-&.43/'4)&
&$52*4*&3".%8$)".(&/--*33*/.*.$/..&$4*/.7*4)4)&'*,*.(/'/2%;3..5",&0/24/./2- '/24)&
9&"2&.%&%&$&-#&2

".%".9".%",,"-&.%-&.434)&2&4/"3"54)/2*:&%"4"-&&4*.(/'4)&/"2%/'
*2&$4/23/'/2%%5,9$",,&%".%)&,%/.&#25"29

*.$,5%*.(#54./4,*-*4&%4/0/7&2".%"54)/2*494/3*(.
)*3/2)&2."-&7)&4)&2/.#&)",'/'/2%/2"3"%*2&$4/2/2/''*$&2/'/2%/2#9"44&34*.(4)&3&",/'/2%/2
/4)&27*3&4/35$)*.3425-&.43".%4/35$)..5",&0/24".%".9"-&.%-&.434)&2&4/".%4/'*,&4)&-7*4)4)&
&$52*4*&3".%8$)".(&/--*33*/."$)/'4)&5.%&23*(.&%2"4*'*&3".%$/.'*2-3",,4)"4".9/'4)&"44/2.&93
".%"(&.433)",,%//2$"53&4/#&%/.&#96*245&)&2&/'.9/.&/'4)&"44/2.&93".%"(&.433)",,)"6&".%-"9
&8&2$*3&",,4)&0/7&23$/.'&22&%#94)*3*.3425-&.4"$)/'4)&5.%&23*(.&%)"33*(.&%)*3/2)&2."-&"3/'4)&
4)%"9/'&#25"29

3*-#&2,9"3*"./ 3/).&$),&*4&2
*-#&2,9"3*"./ /).&$),&*4&2
3.4)/.9"2,&92 3&4)//.&9
.4)/.9"2,&92 &4)//.&9
3%3&,/2% 3/).)/2.4/.
%3&,/2% /).)/2.4/.
3!*,,*"-!&,-". 3/). &*)-&9&2
!*,,*"-!&,-". /). &*)-&9&2
3/.5.43-".2 39.. /+6/%*$)
/.5.43-".2 9.. /+6/%*$)
3!*,,*"-&.."2% 3/).!&*.#&2(
!*,,*"-&.."2% /).!&*.#&2(

)"/.("5. ".0&#50%0
%2"."2&"3"!0%&/**1(",+.0+*+.) #+.0%",".&+!"*!"!" ")".

+#
+.!+0+.+),*5
/"!+*)5'*+3("!$"0%&/.",+.0!+"/*+0 +*0&**51*0.1"/00")"*0+#)0".&(# 0+.+)&00+

/00")0".&(# 0*" "//.50+)'"0%"/00")"*0/)!"&*(&$%0+#0%" &. 1)/0* "/1*!".3%& %
/1 %/00")"*0/3".")!"*+0)&/("!&*$3&0%."/," 00+0%",".&+! +2"."!50%&/.",+.0
/"!+*)5'*+3("!$"0%"#&** &(/00")"*0/*!+0%".#&** &(&*#+.)0&+*&* (1!"!&*0%&/.",+.0

#&.(5,."/"*0&*(()0".&(."/," 0/0%"#&** &( +*!&0&+*."/1(0/+#+,".0&+*/*! /%#(+3/+#0%"
."$&/0.*0/+#*!#+.0%",".&+!/,."/"*0"!&*0%&/.",+.0
%"."$&/0.*07/+0%". ".0&#5&*$+##& "./*!."."/,+*/&("#+."/0(&/%&*$*!)&*0&*&*$!&/ (+/1."

+*0.+(/*!,.+ "!1."//!"#&*"!&*4 %*$" 01("/ "*! ! "*!&*0".*( +*0.+(
+2".#&** &(.",+.0&*$/!"#&*"!&*4 %*$" 01("/ #*! ! ##+.0%"."$&/0.*0*!
%2"
"/&$*"!/1 %!&/ (+/1." +*0.+(/*!,.+ "!1."/+. 1/"!/1 %!&/ (+/1." +*0.+(/*!,.+ "!1."/
0+"!"/&$*"!1*!".+1./1,".2&/&+*0+"*/1."0%0)0".&(&*#+.)0&+*."(0&*$0+0%"."$&/0.*0
&* (1!&*$&0/ +*/+(&!0"!/1/&!&.&"/&/)!"'*+3*0+1/5+0%"./3&0%&*0%+/""*0&0&"/,.0& 1(.(5
!1.&*$0%",".&+!&*3%& %0%&/.",+.0&/"&*$,.",."!
"/&$*"!/1 %&*0".*( +*0.+(+2".#&** &(.",+.0&*$+. 1/"!/1 %&*0".*( +*0.+(+2".#&** &(

.",+.0&*$0+"!"/&$*"!1*!".+1./1,".2&/&+*0+,.+2&!"."/+*("//1.* "."$.!&*$0%"
."(&&(&05+##&** &(.",+.0&*$*!0%",.",.0&+*+##&** &(/00")"*0/#+."40".*(,1.,+/"/&*
+.!* "3&0%$"*".((5 ",0"! +1*0&*$,.&* &,("/
2(10"!0%""##" 0&2"*"//+#0%"."$&/0.*07/!&/ (+/1." +*0.+(/*!,.+ "!1."/*!,."/"*0"!&*0%&/

.",+.0+1. +* (1/&+*/+100%""##" 0&2"*"//+#0%"!&/ (+/1." +*0.+(/*!,.+ "!1."//+#0%""*!
+#0%",".&+! +2"."!50%&/.",+.0/"!+*/1 %"2(10&+**!
!&/ (+/"!&*0%&/.",+.0*5 %*$"&*0%"."$&/0.*07/&*0".*( +*0.+(+2".#&** &(.",+.0&*$0%0

+ 1.."!!1.&*$0%"."$&/0.*07/)+/0." "*0#&/ (-1.0".0%"."$&/0.*07/#+1.0%#&/ (-1.0".&*0%"
/"+#***1(.",+.00%0%/)0".&((5##" 0"!+.&/."/+*(5(&'"(50+)0".&((5##" 00%"
."$&/0.*07/&*0".*( +*0.+(+2".#&** &(.",+.0&*$*!
%"."$&/0.*07/+0%". ".0&#5&*$+##& "./*!%2"!&/ (+/"!/"!+*+1.)+/0." "*0"2(10&+*+#

&*0".*( +*0.+(+2".#&** &(.",+.0&*$0+0%"."$&/0.*07/1!&0+./*!0%"1!&0 +))&00""+#0%"
."$&/0.*07/+.!+#!&." 0+./+.,"./+*/,".#+.)&*$0%""-1&2("*0#1* 0&+*/
((/&$*&#& *0!"#& &"* &"/*!)0".&(3"'*"//"/&*0%"!"/&$*+.+,".0&+*+#&*0".*( +*0.+(+2".

#&** &(.",+.0&*$3%& %."."/+*(5(&'"(50+!2"./"(5##" 00%"."$&/0.*07/&(&050+." +.!
,.+ "///1)).&6"*!.",+.0#&** &(&*#+.)0&+**!
*5#.1!3%"0%".+.*+0)0".&(0%0&*2+(2"/)*$")"*0+.+0%"."),(+5""/3%+%2"
/&$*&#& *0.+("&*0%"."$&/0.*07/&*0".*( +*0.+(+2".#&** &(.",+.0&*$
0"!".1.5

/)"/.("5.
)"/.("5.
."/&!"*0*!%&"#4" 10&2"##& ".

+%*3(". ".0&#50%0
%2"."2&"3"!0%&/**1(",+.0+*+.) #+.0%",".&+!"*!"!" ")".

+#
+.!+0+.+),*5
/"!+*)5'*+3("!$"0%&/.",+.0!+"/*+0 +*0&**51*0.1"/00")"*0+#)0".&(# 0+.+)&00+

/00")0".&(# 0*" "//.50+)'"0%"/00")"*0/)!"&*(&$%0+#0%" &. 1)/0* "/1*!".3%& %
/1 %/00")"*0/3".")!"*+0)&/("!&*$3&0%."/," 00+0%",".&+! +2"."!50%&/.",+.0
/"!+*)5'*+3("!$"0%"#&** &(/00")"*0/*!+0%".#&** &(&*#+.)0&+*&* (1!"!&*0%&/.",+.0

#&.(5,."/"*0&*(()0".&(."/," 0/0%"#&** &( +*!&0&+*."/1(0/+#+,".0&+*/*! /%#(+3/+#0%"
."$&/0.*0/+#*!#+.0%",".&+!/,."/"*0"!&*0%&/.",+.0
%"."$&/0.*07/+0%". ".0&#5&*$+##& "./*!."."/,+*/&("#+."/0(&/%&*$*!)&*0&*&*$!&/ (+/1."

+*0.+(/*!,.+ "!1."//!"#&*"!&*4 %*$" 01("/ "*! ! "*!&*0".*( +*0.+(
+2".#&** &(.",+.0&*$/!"#&*"!&*4 %*$" 01("/ #*! ! ##+.0%"."$&/0.*0*!
%2"
"/&$*"!/1 %!&/ (+/1." +*0.+(/*!,.+ "!1."/+. 1/"!/1 %!&/ (+/1." +*0.+(/*!,.+ "!1."/
0+"!"/&$*"!1*!".+1./1,".2&/&+*0+"*/1."0%0)0".&(&*#+.)0&+*."(0&*$0+0%"."$&/0.*0
&* (1!&*$&0/ +*/+(&!0"!/1/&!&.&"/&/)!"'*+3*0+1/5+0%"./3&0%&*0%+/""*0&0&"/,.0& 1(.(5
!1.&*$0%",".&+!&*3%& %0%&/.",+.0&/"&*$,.",."!
"/&$*"!/1 %&*0".*( +*0.+(+2".#&** &(.",+.0&*$+. 1/"!/1 %&*0".*( +*0.+(+2".#&** &(

.",+.0&*$0+"!"/&$*"!1*!".+1./1,".2&/&+*0+,.+2&!"."/+*("//1.* "."$.!&*$0%"
."(&&(&05+##&** &(.",+.0&*$*!0%",.",.0&+*+##&** &(/00")"*0/#+."40".*(,1.,+/"/&*
+.!* "3&0%$"*".((5 ",0"! +1*0&*$,.&* &,("/
2(10"!0%""##" 0&2"*"//+#0%"."$&/0.*07/!&/ (+/1." +*0.+(/*!,.+ "!1."/*!,."/"*0"!&*0%&/

.",+.0+1. +* (1/&+*/+100%""##" 0&2"*"//+#0%"!&/ (+/1." +*0.+(/*!,.+ "!1."//+#0%""*!
+#0%",".&+! +2"."!50%&/.",+.0/"!+*/1 %"2(10&+**!
!&/ (+/"!&*0%&/.",+.0*5 %*$"&*0%"."$&/0.*07/&*0".*( +*0.+(+2".#&** &(.",+.0&*$0%0

+ 1.."!!1.&*$0%"."$&/0.*07/)+/0." "*0#&/ (-1.0".0%"."$&/0.*07/#+1.0%#&/ (-1.0".&*0%"
/"+#***1(.",+.00%0%/)0".&((5##" 0"!+.&/."/+*(5(&'"(50+)0".&((5##" 00%"
."$&/0.*07/&*0".*( +*0.+(+2".#&** &(.",+.0&*$*!
%"."$&/0.*07/+0%". ".0&#5&*$+##& "./*!%2"!&/ (+/"!/"!+*+1.)+/0." "*0"2(10&+*+#

&*0".*( +*0.+(+2".#&** &(.",+.0&*$0+0%"."$&/0.*07/1!&0+./*!0%"1!&0 +))&00""+#0%"
."$&/0.*07/+.!+#!&." 0+./+.,"./+*/,".#+.)&*$0%""-1&2("*0#1* 0&+*/
((/&$*&#& *0!"#& &"* &"/*!)0".&(3"'*"//"/&*0%"!"/&$*+.+,".0&+*+#&*0".*( +*0.+(+2".

#&** &(.",+.0&*$3%& %."."/+*(5(&'"(50+!2"./"(5##" 00%"."$&/0.*07/&(&050+." +.!
,.+ "///1)).&6"*!.",+.0#&** &(&*#+.)0&+**!
*5#.1!3%"0%".+.*+0)0".&(0%0&*2+(2"/)*$")"*0+.+0%"."),(+5""/3%+%2"
/&$*&#& *0.+("&*0%"."$&/0.*07/&*0".*( +*0.+(+2".#&** &(.",+.0&*$
0"! ".1.5

/+%*3(".
+%*3(".
%&"#&** &(##& ".

"-&3"2,&922&3*%&.4".%)*&'8&$54*6&''*$&2/'/2%/4/2/-0".94)&;/-0".9<)&2&#9
$&24*'905235".44/5,& " #/2 % #/'4)&&$52*4*&38$)".(&$4/' "3"-&.%&%".%&$4*/.
/')"04&2/' *4,& /'4)&!.*4&%4"4&3/%&4)"44/-9+./7,&%(&
)&/-0".9:3..5",&0/24/./2- '/24)&0&2*/%&.%&%&$&-#&2

4/7)*$)4)*3
34"4&-&.4*3'52.*3)&%"3".&8)*#*44)&;&0/24<'5,,9$/-0,*&37*4)4)&2&15*2&-&.43/'&$4*/. "/2
%/'4)&&$52*4*&38$)".(&$4/' "3"-&.%&%".%

)&*.'/2-"4*/.$/.4"*.&%*.4)*3&0/24'"*2,902&3&.43*.",,-"4&2*",2&30&$434)&'*.".$*",$/.%*4*/.".%
2&35,43/'/0&2"4*/.3/'4)&/-0".9
"4&% &#25"29

3"-&3"2,&92
"-&3"2,&92
2&3*%&.4".%)*&'8&$54*6&''*$&2

/). "6,&2)*&'*.".$*",''*$&2/'/2%/4/2/-0".84)&:/-0".8;)&2&#8$&24*'805235".44/5,&
" #/25,& % #/'4)&&$52*4*&37$)".(&$4/' "3"-&.%&%".%&$4*/. /')"04&2
/' *4,& /'4)&!.*4&%4"4&3/%&4)"44/-8+./6,&%(&
)&/-0".893..5",&0/24/./2- '/24)&0&2*/%&.%&%&$&-#&2

4/6)*$)4)*3
34"4&-&.4*3'52.*3)&%"3".&7)*#*44)&:&0/24;'5,,8$/-0,*&36*4)4)&2&15*2&-&.43/'&$4*/. "/2
%/'4)&&$52*4*&37$)".(&$4/' "3"-&.%&%".%

)&*.'/2-"4*/.$/.4"*.&%*.4)*3&0/24'"*2,802&3&.43*.",,-"4&2*",2&30&$434)&'*.".$*",$/.%*4*/.".%
2&35,43/'/0&2"4*/.3/'4)&/-0".8
"4&% &#25"28

3/). "6,&2
/). "6,&2
)*&'*.".$*",''*$&2
FORD
FORD MOTOR
FORD MOTOR COMPANY
MOTOR COMPANY
COMPANY
Ford
Ford
FordMotor
Motor
MotorCompany
Company
Company
2019 Annual
2020 AnnualReport
Report
Ford
Ford
FordMotor
Motor
MotorCompany
Company
Company
One
One
OneAmerican
American
AmericanRoad
Road
Road
Dearborn,
Dearborn,
Dearborn,MI
MI
MI48126
48126
48126
2019
2020
2019 ANNUAL
ANNUAL
ANNUAL REPORT
Printed
Printed
Printed
Printed
Printed
Printedin
in
in
in
in
in
U.S.A.
U.S.A.
U.S.A.
U.S.A.
U.S.A.
U.S.A.
10%
10%
10%
10%
10%
10%post-consumer
post-consumer
post-consumer
post-consumer
post-consumer
post-consumer
waste
waste
waste
waste
waste
wastepaper.
paper.
paper.
paper.
paper.
paper.
REPORT
REPORT
Please
Please
Please
Please
Please
Pleaserecycle.
recycle.
recycle.
recycle.
recycle.
recycle.
173711_26816_Ford_10K_Cover.indd All Pages 3/8/21 9:59 AM

Ford Annual Report 2020

Uploaded by

Document Information

Original Description:

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Ford Annual Report 2020

Uploaded by

Copyright:

Available Formats

FORD

173711_26816_Ford_10K_Cover.indd All Pages 3/8/21 9:59 AM

"B8=75H96M7<97?A5F?K<9H<9FH<9F9;=GHF5BH=G5G<9@@7CAD5BM5G89:=B98=B+I@96 C:H<97H 29G'C

('" "')& !'

%1@-58&-81?- :0A?@>E);8A91. ->71@&4->1/

-<9:C@@CK=B;H56@9G<CKG. , F9H5=@G5@9GJC@IA95B8. , K<C@9G5@9GG9;F9;5H986MHFI7?

(&%0<@4=0809?> 0/0=,7,9/,741:=94,',47;4;084>>4:9&?,9/,=/>CH<H<9. , BJ=FCBA9BH5@)FCH97H=CB

(&%0<@4=0809?> 423?@?D)034.70> 989F5@@5KF9EI=F9GH<5H@=;<H8IHMJ9<=7@9GA99HA=B=AIA7CFDCF5H9

)5@GCF9;I@5H9GJ9<=7@9;F99B<CIG9;5GX ! Y9A=GG=CBGIB89FH<9@95B=F7H 975IG9H<9J5GHA5>CF=HMC:

(')K5G9BJ=G=CB98HC7CBH=BI95H@95GHH<FCI;<H<9AC89@M95F -<9(')FI@9GDFCJ=898:CF5A=8 H9FA

(&%0<@4=0809?> 0,AD@?D)034.70>)5B8'!-,<5J9>C=BH@MDFCAI@;5H98 ! 5B8:I9@97CBCAM

-<9IFCD95B 9B9F5@,5:9HM+9;I@5H=CBX ,+Y=BHFC8I798.' F9;I@5H=CBG

09@9J9F5;9CIF5G? @=GH9B C6G9FJ9:F5A9KCF?HCIB89FGH5B89AD@CM99G9BH=A9BH5HCF8 -<=G5DDFC57<=G5<C@=GH=7

-0","-0" 0#"'291$',,!'*!-,"'2'-,,"0#13*21-$-.#02'-,1&4# ##,,"+7!-,2',3#2- #

-<9(/" D5B89A=7A5M5@GC9L579F65H9CH<9FF=G?G8=G7@CG98=BCIFCFA $+9DCFH

-0"914#&'!*#1!-3*" #$$#!2#" 7"#$#!212&20#13*2',"#*71',,#5+-"#**3,!&#10#!**!+.'%,1-0

.#02'-,*1712#+11#!30'271712#+1,"4#&'!*#1!-3*" #$$#!2#" 7!7 #0',!'"#,21,"-2&#0

-0"91.0-"3!2'-,15#**1-0"9113..*'#019.0-"3!2'-,!-3*" #"'103.2#" 7* -0'113#1,230*-0

-0"91 '*'272-+',2',!-+.#2'2'4#!-121203!230#!-3*" #$$#!2#" 7* -0-0-2&#0!-,120',21

-0"91,#5,"#6'12',%.0-"3!21,"+- '*'271#04'!#10#13 (#!22-+0)#2!!#.2,!#,"$!#1'%,'$'!,2

09<5J95BBCIB798CIF=BH9BHHC7CBH=BI9A5?=B;AI@H= 6=@@=CB8C@@5F=BJ9GHA9BHG=B9@97HF=:=75H=CB5B8AC6=@=HM (IF

'2&%*- *$--2.0',2-0"910#13*21!-3*" #"4#01#*7$$#!2#" 7#!-,-+'!%#-.-*'2'!*.0-2#!2'-,'12

-0","-0" 0#"'291!!#112-"# 21#!30'2'82'-,-0"#0'42'4#+0)#210-3,"2&#5-0*"2!-+.#2'2'4#

-0"910#!#'.2-$%-4#0,+#,2',!#,2'4#1!-3*" #13 (#!22-0#"3!2'-,2#0+',2'-,-0!*5 !)09F979=J9

-0","-0" 0#"'2!-3*" #$$#!2#" 72&#!-,2',3#""#4#*-.+#,2-$+-0#120',%#,2.0'4!7"231#

-0" 0#"'2!-3*" #13 (#!22-,#5-0',!0#1#"!0#"'20#%3*2'-,1!-,13+#0.0-2#!2'-,0#%3*2'-,1-0

09CKBGI6GH5BH=5@@M5@@C:CIF. , A5BI:57HIF=B;5B85GG9A6@M:57=@=H=9G (IF:57=@=H=9G5F9G=HI5H98=BJ5F=CIG

J 0?=,2:=/'=,9>84>>4:9>8-H'IV5 >C=BHJ9BHIF9K=H<&5;B5)-"BH9FB5H=CB5@ A6!:CFA9F@M

"!&( % ''%&

09DFCJ=89K5FF5BH=9GCBH<9J9<=7@9GK9G9@@ 05FF5BH=9G5F9C::9F98:CFGD97=:=7D9F=C8GC:H=A95B8 CFA=@95;95B8

!)%"! !' ''%&

' ',#$#27 '1!*-130#1

#C<B%5K@9F <=9:=B5B7=5@(::=79F (7HC69F 

!5I-<5= -5B; <=9:)FC8I7H)@5H:CFA5B8(D9F5H=CBG(::=79F (7HC69F 

$=9FGH9B+C6=BGCB <=9:)9CD@95B8AD@CM99LD9F=9B79(::=79F (7HC69F 

$IA5F 5@<CHF5 )F9G=89BH

#C<B &9@@9B 9B9F5@CIBG9@ I;IGH 

5H<M(W5@@5;<5B CBHFC@@9F #IB9 

' 0)#2$-0#%'120,291 -++-,/3'27#*2#"2-!)&-*"#022#01,"113#030!&1#1-$/3'27

" #%&"!"( (')),%'"'%'(%!

CF8&CHCFCAD5BM ,) CK#CB9G-=H5BG

' #*#!2#"',,!'* 2

&( %,"!" "&&

5G=7=B7CA9 @CGG          

5G<8=J=89B8G897@5F98          

:>?:1>,70>5B8&077492,/8494>?=,?4A0,9/:?30=0C;09>0>:CF:I@@M95FK9F9 6=@@=CB (IFIHCACH=J9

'9H=B7CA9 @CGG=B7@I89G79FH5=B=H9AGXGD97=5@=H9AGYH<5H5F99L7@I898:FCACAD5BM58>IGH98"- -<9G9

5G<9::97HC: @C65@+989G=;B=B7@ G9D5F5H=CBG  

09F97CF898 6=@@=CBC:DF9 H5LGD97=5@=H9A7<5F;9G=B

" #!,, '%&

'9H=B7CA9 @CGGA5F;=BK5GB9;5H=J9 D9F79BH=B

-<9M95F CJ9F M95F897@=B9GC: 6=@@=CB=BB9H=B7CA9 @CGG5B8 6=@@=CB=BCAD5BM58>IGH98"-=B

'CFH<A9F=75WG"-897F95G986=@@=CB:FCA5M95F5;CK=H<5B"-A5F;=BC: D9F79BH -<9@CK9F"-

IFCD9WG"-897F95G98A=@@=CB:FCA5M95F5;CK=H<5B"-A5F;=BC:B9;5H=J9 D9F79BH -<9@CK9F

<=B5WG"-@CGG=ADFCJ98A=@@=CB:FCA5M95F5;CK=H<5B"-A5F;=BC:B9;5H=J9 D9F79BH -<9

5G<9::97HC: @C65@+989G=;B=B7@ G9D5F5H=CBG  

)FCJ=G=CB:CF 9B9:=H:FCAH5LGD97=5@=H9AG5  

09F97CF8986=@@=CBC:GD97=5@=H9A7<5F;9G=B 7H=CBGF9@5H98HCCIF @C65@+989G=;B577CIBH98:CF

" #!,, '%&

-<9 6=@@=CBM95F CJ9F M95F897@=B9=BB9H=B7CA9=B=GACF9H<5B9LD@5=B986MH<96=@@=CBC:GD97=5@=H9A

-CH5@IB898,H5HIG()    

5D=H5@GD9B8=B;      

@C65@+989G=;B=B7@I8=B;G9D5F5H=CBG      

"B8=75H96M7<97?A5F?K<9H<9FH<9F9;=GHF5BH=G5G<9@@7CAD5BM5G89:=B98=B+I@96C:H<97H29G'C

('" "')& !'

%1@-58&-81?- :0A?@>E);8A91. ->71@&4->1/

-<9:C@@CK=B;H56@9G<CKG.,F9H5=@G5@9GJC@IA95B8.,K<C@9G5@9GG9;F9;5H986MHFI7?

(&%0<@4=0809?>0/0=,7,9/,741:=94,',47;4;084>>4:9&?,9/,=/>CH<H<9.,BJ=FCBA9BH5@)FCH97H=CB

(&%0<@4=0809?>423?@?D)034.70>989F5@@5KF9EI=F9GH<5H@=;<H8IHMJ9<=7@9GA99HA=B=AIA7CFDCF5H9

)5@GCF9;I@5H9GJ9<=7@9;F99B<CIG9;5GX ! Y9A=GG=CBGIB89FH<9@95B=F7H975IG9H<9J5GHA5>CF=HMC:

(')K5G9BJ=G=CB98HC7CBH=BI95H@95GHH<FCI;<H<9AC89@M95F-<9(')FI@9GDFCJ=898:CF5A=8H9FA

(&%0<@4=0809?>0,AD@?D)034.70>)5B8'!-,<5J9>C=BH@MDFCAI@;5H98 ! 5B8:I9@97CBCAM

-<9IFCD95B 9B9F5@,5:9HM+9;I@5H=CBX ,+Y=BHFC8I798.'F9;I@5H=CBG

09@9J9F5;9CIF5G? @=GH9B C6G9FJ9:F5A9KCF?HCIB89FGH5B89AD@CM99G9BH=A9BH5HCF8-<=G5DDFC57<=G5<C@=GH=7

-0","-0"0#"'291$',,!'!-,"'2'-,,"0#1321-$-.#02'-,1&4# ##,,"+7!-,2',3#2- #

-<9(/"D5B89A=7A5M5@GC9L579F65H9CH<9FF=G?G8=G7@CG98=BCIFCFA$+9DCFH

-0"914#&'!#1!-3" #$$#!2#" 7"#$#!212&20#132',"#71',,#5+-"#3,!&#10#!!+.'%,1-0

.#02'-,1712#+11#!30'271712#+1,"4#&'!#1!-3*" #$$#!2#" 7!7 #0',!'"#,21,"-2&#0

-0"91.0-"3!2'-,15#**1-0"9113..'#019.0-"3!2'-,!-3" #"'103.2#" 7 -0'113#1,230-0

-0"91 ''272-+',2',!-+.#2'2'4#!-121203!230#!-3" #$$#!2#" 7* -0-0-2&#0!-,120',21

-0"91,#5,"#6'12',%.0-"3!21,"+- '*'271#04'!#10#13 (#!22-+0)#2!!#.2,!#,"$!#1'%,'$'!,2

09<5J95BBCIB798CIF=BH9BHHC7CBH=BI9A5?=B;AI@H=6=@@=CB8C@@5F=BJ9GHA9BHG=B9@97HF=:=75H=CB5B8AC6=@=HM(IF

'2&%- $--2.0',2-0"910#1321!-3" #"4#01#7$$#!2#" 7#!-,-+'!%#-.-'2'!*.0-2#!2'-,'12

-0","-0"0#"'291!!#112-"# 21#!30'2'82'-,-0"#0'42'4#+0)#210-3,"2&#5-0*"2!-+.#2'2'4#

-0"910#!#'.2-$%-4#0,+#,2',!#,2'4#1!-3" #13 (#!22-0#"3!2'-,2#0+',2'-,-0!5 !)09F979=J9

-0","-0"0#"'2!-3" #$$#!2#" 72&#!-,2',3#""#4#-.+#,2-$+-0#120',%#,2.0'4!7"231#

-0"0#"'2!-3" #13 (#!22-,#5-0',!0#1#"!0#"'20#%32'-,1!-,13+#0.0-2#!2'-,0#%3*2'-,1-0

09CKBGI6GH5BH=5@@M5@@C:CIF.,A5BI:57HIF=B;5B85GG9A6@M:57=@=H=9G(IF:57=@=H=9G5F9G=HI5H98=BJ5F=CIG

J 0?=,2:=/'=,9>84>>4:9>8-H'IV5 >C=BHJ9BHIF9K=H<&5;B5)-"BH9FB5H=CB5@ A6!:CFA9F@M

"!&( % ''%&

09DFCJ=89K5FF5BH=9GCBH<9J9<=7@9GK9G9@@05FF5BH=9G5F9C::9F98:CFGD97=:=7D9F=C8GC:H=A95B8 CFA=@95;95B8

!)%"! !' ''%&

' ',#$#27 '1!*-130#1

#C<B%5K@9F <=9:=B5B7=5@(::=79F (7HC69F

!5I-<5=-5B; <=9:)FC8I7H)@5H:CFA5B8(D9F5H=CBG(::=79F (7HC69F

$=9FGH9B+C6=BGCB <=9:)9CD@95B8AD@CM99LD9F=9B79(::=79F (7HC69F

#C<B&9@@9B 9B9F5@CIBG9@ I;IGH

5H<M(W5@@5;<5B CBHFC@@9F #IB9

' 0)#2$-0#%'120,291-++-,/3'27#2#"2-!)&-"#022#01,"113#030!&1#1-$/3'27

" #%&"!"( (')),%'"'%'(%!

CF8&CHCFCAD5BM ,) CK#CB9G-=H5BG

' ##!2#"',,!' 2

&( %,"!" "&&

5G=7=B7CA9 @CGG

5G<8=J=89B8G897@5F98

:>?:1>,70>5B8&077492,/8494>?=,?4A0,9/:?30=0C;09>0>:CF:I@@M95FK9F96=@@=CB(IFIHCACH=J9

'9H=B7CA9 @CGG=B7@I89G79FH5=B=H9AGXGD97=5@=H9AGYH<5H5F99L7@I898:FCACAD5BM58>IGH98"--<9G9

5G<9::97HC: @C65@+989G=;B=B7@G9D5F5H=CBG

09F97CF8986=@@=CBC:DF9H5LGD97=5@=H9A7<5F;9G=B

" #!,, '%&

'9H=B7CA9 @CGGA5F;=BK5GB9;5H=J9D9F79BH=B

-<9M95FCJ9FM95F897@=B9GC:6=@@=CB=BB9H=B7CA9 @CGG5B86=@@=CB=BCAD5BM58>IGH98"-=B

'CFH<A9F=75WG"-897F95G986=@@=CB:FCA5M95F5;CK=H<5B"-A5F;=BC:D9F79BH-<9@CK9F"-

IFCD9WG"-897F95G98A=@@=CB:FCA5M95F5;CK=H<5B"-A5F;=BC:B9;5H=J9D9F79BH-<9@CK9F

<=B5WG"-@CGG=ADFCJ98A=@@=CB:FCA5M95F5;CK=H<5B"-A5F;=BC:B9;5H=J9D9F79BH-<9

5G<9::97HC: @C65@+989G=;B=B7@G9D5F5H=CBG

)FCJ=G=CB:CF 9B9:=H:FCAH5LGD97=5@=H9AG5

09F97CF8986=@@=CBC:GD97=5@=H9A7<5F;9G=B7H=CBGF9@5H98HCCIF @C65@+989G=;B577CIBH98:CF

" #!,, '%&

-<96=@@=CBM95FCJ9FM95F897@=B9=BB9H=B7CA9=B=GACF9H<5B9LD@5=B986MH<96=@@=CBC:GD97=5@=H9A

-CH5@IB898,H5HIG()

5D=H5@GD9B8=B;

@C65@+989G=;B=B7@I8=B;G9D5F5H=CBG

"/A,9.0/'0.39:7:2D)034.70 ,9@1,.?@=0=H') I9.09?4A0#=:2=,8,99'CH9C:H<9'CH9GHCH<9

CF8F98=H9B898K=H<6=@@=CBC:@=EI=8=HMIF=B;H<9M95F

,97IF=H=N98IB8=B;5G)9F79BHC:&5B5;98+979=J56@9G

/@A-8 /@A-8 /@A-8 ;>1/-?@

.BG97IF98

-<9:=L98=B7CA9A=LK5G=BCIF.,D@5BG5B8=BCIFBCB.,D@5BG5HM95F9B8

+("5

(IFG<CFHH9FA5B8@CB;H9FA896H=GF5H986M:CIF7F98=HF5H=B;5;9B7=9G89G=;B5H985GB5H=CB5@@MF97C;B=N98

!"!#!! &(%&''&(## !'# &(%&

09IG96CH<;9B9F5@@M5779DH98577CIBH=B;DF=B7=D@9GX )Y5B8BCB ):=B5B7=5@A95GIF9G:CFCD9F5H=CB5@

J :8;,9D/5@>?0/' :>?:8;,=,-70# 0,>@=0!0?9.:80:>>??=4-@?,-70?::=/U5FB=B;G

)F9-5L,D97=5@"H9A ,=;B=:=75B79 I=89@=B9

J :8;,9D/5@>?0/' ,=249 :>?:8;,=,-70# 0,>@=0:8;,9D!0?9.:80:>> ,=249U

J /5@>?0/,=9492>:>>#0=&3,=0 :>?:8;,=,-70# 0,>@=0,=9492>:>>#0=&3,=0U&95GIF9C:

J /5@>?0/110.?4A0',C%,?0 :>?:8;,=,-70# 0,>@=0110.?4A0',C%,?0U&95GIF9C:CAD5BMWGH5L

:8;,9D/5@>?0/=00,>37:B :>?:8;,=,-70# 0,>@=0!0?,>3#=:A4/0/D(>0/9";0=,?492

J :=/=0/4? ,9,20/%0.04A,-70> :>?:8;,=,-70# 0,>@=0!0?49,9.0%0.04A,-70>;7@>!0?9A0>?809?

J :=/=0/4? ,9,20/0A0=,20 :>?:8;,=,-70# 0,>@=049,9.4,7&?,?0809?0A0=,20UCF8F98=HWG

-<9:C@@CK=B;H56@9GG<CKCIF'CB ):=B5B7=5@A95GIF9F97CB7=@=5H=CBG-<9 )F97CB7=@=5H=CB:CFCF8F98=H

'9H=B7CA9 @CGG5HHF=6IH56@9HCCF8 )