You are on page 1of 26

!

"#$%&'()*&
+,-./&,00.-1.2&34/&15.&67,889,:&;81./8,1748,:&<483./.80.&48&'/=,87>,1748,:&!7?049/?.@&#A?1./2,A&BCDECF&
&

!"#$%&$&%'())*"+$,-$."'/&01$*2',#'3"&"*,-$."'4*5+"##'56'7*%,&$8,-$5&,9':;,&%"<'
=-*"-+;$&%'-;"'4*,+-$+"'56'-;$#'!$,95%$+'())*5,+;'

!,&$"99"'>,&?""',&?'@,&#'A"*B,,C'

!,87.::.&G,82..' ' ' ' ' ' ' H,8?&I./A,,J'


(K.8/42.&69?78.??&L87M./?71K& & & & & %NK8?1/,&O922.&P&Q744&
'

/&-*5?1+-$5&'

<44-.//72./&,82&Q/7M,?1M,&BERSTF&4/7=78,::K&781/4290.2&,--/.07,17M.&78U97/K&,?&,&34/A&43&,01748&
/.?.,/05&15,1&.AV/,0.?&=.8./,17M71K&,?&15.&=97278=&M,:9.&78&?192K78=&,82&783:9.8078=&15.&
2K8,A70?&43&?407,:&,82&4/=,87>,1748,:&:73.W&X715&15.7/&,--/.07,17M.&,--/4,05@&15.K&/.?-482.2&14&
15.&,--.,:&43&O./=.8&14&1,J.&48&15.&/4:.&43&?054:,/:K&,017M7?1?&,82&2.M.:4-&J84N:.2=.&N715&
Y=.8./,17M.&0,-,071KZ&BERTSFW&Q905&J84N:.2=.&A,K&,01&,?&,&0,1,:K?1&34/&?407,:&,82&4/=,87>,1748,:&
1/,8?34/A,1748&15/49=5&71?&,V7:71K&14&05,::.8=.&15.&?1,19?&U94@&14&0/.,1.&,&?.8?.&43&-4??7V7:71K&
,82&14&15./.VK&4-.8&9-&8.N&/.-./147/.?&34/&1549=51&,82&,01748W&

6K&,00.-178=&O./=.8[?&78M71,1748&34/&=.8./,17M.&15.4/7>78=@&,--/.07,17M.&78U97/K&.AV/,0.?&15.&
982./:K78=&048?1/9017487?1&-/.A7?.&15,1@&?780.&71&7?&49/&4N8&0/.,1748@&841578=&78&49/&?407,:&/.,:71K&
8..2?&14&V.&1,J.8&34/&=/,81.2W&X.&0,8&9?.&15.&048?171917M.&-4N./&43&:,8=9,=.&14&0/.,1.&8.N&
A.,878=?&,82&05,8=.&49/&N4/:2W&X715&157?&3409?&48&A.,878=\A,J78=@&,--/.07,17M.&78U97/K&
V.:48=?&14&15.&8.N@&Y27,:4=70Z&,--/4,05.?&14&4/=,87>,1748,:&2.M.:4-A.81&B69?5.&P&],/?5,J@&
CDDR^&],/?5,J&P&O/,81@&CDDSFW&%5.?.&,--/4,05.?&9?.&,&27?09/?7M.&:.8?&14&:44J&,1&59A,8&
?K?1.A?&,?&8.1N4/J?&43&048M./?,1748?&,82&14&2.M.:4-&05,8=.&781./M.81748?&15,1&783:9.80.&15.&
1._1?@&?14/7.?&,82&7A,=.?&15,1&A,J.&0./1,78&,017M717.?&3.,?7V:.&,82&:.=717A,1.W&

(4N@&C`&K.,/?&,31./&71?&781/42901748@&,--/.07,17M.&78U97/K&5,?&2.M.:4-.2&7814&,&=:4V,::K&917:7>.2&
05,8=.&A.15424:4=K&15,1&78M4:M.?&15.&04::,V4/,17M.&,82&Y?K?1.A,170&27?04M./K&43&.M./K1578=&
15,1&=7M.?&a:73.[&14&,&:7M78=&?K?1.A&N5.8&71&7?&A4?1&,:7M.@&.33.017M.&,82&3:49/7?578=@&,82&A4?1&
0,-,V:.&78&.0484A70@&.04:4=70,:@&,82&59A,8&1./A?Z&B<44-.//72./@&CDED@&-W&_777FW&#--/.07,17M.&
78U97/K&7?&V.?1&2409A.81.2&,?&,&-:,88.2&,--/4,05&14&05,8=.&78&N5705&:,/=.&=/49-&?9AA71&
A..178=?&-:,K&,&0.81/,:&/4:.&B69?5.@&CDEEFW&;8&157?&,--/4,05&-,/1707-,81?@&N54&72.,::K&/.-/.?.81&
,&N54:.&?K?1.A@&,/.&3,07:71,1.2&15/49=5&27,:4=9.&15,1&34::4N&15.&?4\0,::.2&b\!&0K0:.&43&27?04M./K@&
2/.,A@&2.?7=8&,82&2.?178KW&&

6.0,9?.&43&71?&,--,/.81&?7A-:7071K&,82&:9/78=&?1/.8=15\V,?.2&?1,80.@&,--/.07,17M.&78U97/K&0,8&V.&
A7?982./?1442&,?&,8&,11/,017M.&,82&.,?K&14&.A9:,1.&1.0587U9.&BG,82..&P&<44-.//72./@&CDDS@&-W&&
ERcFW&Q905&A7?982./?1,8278=&A,K&0,9?.&?:7--,=.&3/4A&1549=5139:&78U97/K&7814&,&A,8,=./7,:&144:&
!"#$%&'()*&
+,-./&,00.-1.2&34/&15.&67,889,:&;81./8,1748,:&<483./.80.&48&'/=,87>,1748,:&!7?049/?.@&#A?1./2,A&BCDECF&
&

14&0/.,1.&A417M,1748,:&._-./7.80.?&,1&N4/J&/,15./&15,8&14&.8=,=.&N715&04A-:._&7??9.?W&Q905&
?:7--,=.&A,K&9:17A,1.:K&19/8&15.&,--/.07,17M.&,--/4,05&7814&,8415./&27?,--478178=&
A,8,=.A.81&3,2W&;1&7?&0:.,/&14&9?&15,1&78&4/2./&14&V/78=&491&71?&=.8./,17M.&-41.817,:@&,--/.07,17M.&
78U97/K&,?J?&34/&,&?9V1:.&,82&378.\198.2&,--/4,05W&%5.&-/4:7370&9?.&43&,--/.07,17M.&78U97/K&29/78=&
15.&:,?1&2.0,2.?&-/4M72.?&9?&N715&/705&._-./7.817,:&A,1./7,:&34/&17A.:K&/.3:.01748@&0/717U9.&,82&
/.8.N,:W&X.&0,8&1.::&?14/7.?&43&71?&?900.??@&43&54N&71&7834/A?&,82&.8./=7>.?&?5,/.2&,01748&
14N,/2?&,?-7/.2&3919/.&?1,1.?&N57:?1&0/.,178=&,&?.8?.&43&.3370,0K&,82&/.:,1.28.??W&%5./.&7?&,:?4&
,A-:.&?-,0.&34/&,&V.11./&982./?1,8278=&43&N5,1&A,J.?&71&N4/J@&34/&,&/.378.A.81&78&71?&-/,0170.&
,82&982./:K78=&15.4/K&,82&34/&,8&,N,/.8.??&43&?9-./3707,:&9?.&4/&,V9?.W&&

X.&J84N&15,1&27?04M./K&781./M7.N?&,82&2/.,A&048M./?,1748?&0/.,1.&.8159?7,?A@&0488.01748&
,82&04AA71A.81&,A48=&154?.&N54&-,/1707-,1.W&H4N&0,8&15.K&54:2&48&14&157?&A4A.819A&14&04\
0/.,1.&05,8=.&15,1&V.04A.?&.AV.22.2&78&4/=,87>,1748,:&-/,0170.d&6,//.11&BCDDR@&-W&TF@&84170.?&
15.&8..2&14&Y2409A.81&,82&15.4/7>.&15.&:.,/878=&15,1&0481789.?&,31./&15.&78717,:&._071.A.81&43&
15.&27?04M./K&,82&2/.,A&-5,?.?WZ&X5./.&A4?1&,--/.07,17M.&78U97/K&78717,17M.?&N7::&,25./.&14&15.&
?.U9.80.&43&15.&b\!&0K0:.@&15./.&,/.&A,8K&,2,-1,1748?&7814&2733./.81&34/A?&43&.8=,=.A.81&15,1&
/,8=.&3/4A&7827M729,:&04,0578=@&14&04/-4/,1.&?1/,1.=70&-:,8878=@&14&04AA9871K&V97:278=&
B)92.A,&P&$/K@&CDDS@&-W&CSbFW&X5./.&15.?.&A,8734:2&,--:70,1748?&A,K&?54N&15.&=.8./,17M.&
?1/.8=15&43&15.&,--/4,05@&15.K&,:?4&/,7?.&U9.?1748?&,/4982&/4V9?18.??&,82&,25./.80.&14&
982./:K78=&-/7807-:.?W&H4N&14&2.072.&N5,1&34/A&43&.8=,=.A.81&N7::&V.&A4?1&5.:-39:&78&,&0./1,78&
05,8=.&0481._1&,1&,&0./1,78&17A.d&69?5.&BCDEE@&-W&EEF&?1,1.?&15,1&N.&8..2&14&V.11./&982./?1,82&
15.&A42./,14/?&,82&048178=.807.?&15,1&783:9.80.&,--/.07,17M.&78U97/K&49104A.?W&

;8&157?&-,-./&N.&/.?-482&14&15.&78M71,1748&43&6,//.11&BCDDRF&,82&69?5.&BCDEEF&14&39/15./&2.M.:4-&
,--/.07,17M.&78U97/K&,?&,&05,8=.&-/40.??&N715&15.&?4-57?170,1748&14&7A-,01&841&48:K&15.&V/4,2&
4/=,87>,1748,:&,?-7/,1748?@&V91&,:?4&15.&?9V1:.17.?&43&5,V719,:&2,7:K&-/,0170.W&;8&N5,1&34::4N?@&N.&
._-:4/.&15.&U9.?1748&43&54N&14&2.?7=8&,--/.07,17M.&78U97/K&-/40.??.?&14&371&15.&.M4:M78=&
05,/,01./7?170?&43&4/=,87>,1748?&78&,&N,K&15,1&?,3.=9,/2&15.7/&=.8./,17M71KW&;8&157?&._-:4/,1748&N.&
,24-1&O./=.8[?&2.37871748&43&=.8./,17M.&-/40.??.?&,?&Y154?.&78&N5705&8.N&,82&.8/70578=&
-41.817,:?&,/.&4-.8.2&15/49=5&15.&3:4N&43&781./05,8=.Z&BCDDR@&-W&bTFW&&

X.&?1,/1&N715&15.&15.4/.170,:&V,?.&15,1&7834/A?&15.&=97278=&-/7807-:.?&43&,--/.07,17M.&78U97/KW&
X.&15.8&2.?0/7V.&15.&/.-./147/.&43&-4??7V7:717.?&43&2.?7=8&05470.?&,82&?719,1748,:&05,/,01./7?170?W&
X.&=/4982&157?&2.?0/7-1748&78&._,A-:.?&3/4A&49/&4N8&3,07:71,1748&._-./7.80.&,82&78&
04A-:.A.81,/K&:71./,19/.?W&;8&:78.&N715&H.,2[?&BCDD`F&.,/:7./&0481/7V91748&14&2.M.:4-&,&
048178=.80K&,--/4,05&14&,--/.07,17M.&78U97/K@&N.&-/40..2&VK&27?09??78=&54N&2.?7=8&-4??7V7:717.?&
A,K&V.&A,105.2&N715&?719,1748,:&05,/,01./7?170?W&X.&,22/.??&54N&=.8./,17M71K&A,K&V.&,337/A.2&
78&M,/7.2&,82&0481/,?178=&#;&-/40.??.?W&X.&,:?4&27?09??&N5,1&A,K&V.&/.U97/.2&3/4A&154?.&43&9?&

C&
&
!"#$%&'()*&
+,-./&,00.-1.2&34/&15.&67,889,:&;81./8,1748,:&<483./.80.&48&'/=,87>,1748,:&!7?049/?.@&#A?1./2,A&BCDECF&
&

N54&3,07:71,1.&,82&?192K&15.AW&X.&V.:7.M.&15,1&157?&?719,1.2&,--/4,05&0/.,1.?&,&-/4A7?78=&
?-,0.&34/&2.?7=878=&05,8=.&-/40.??.?&15,1&5.:-&0/.,1.&15.&=.8./,17M.&0,-,071K&,A48=&
-,/1707-,81?&14&78U97/.&7814&14-70?&15,1&A,11./&14&15.A&78&1/,8?34/A,17M.&N,K?W&

4*$&+$)9"#'-;,-'D&?"*9$"'())*"+$,-$."'/&01$*2'E;"5*2',&?'4*,+-$+"'

#--/.07,17M.&78U97/K&7?&,&N,K&43&J84N78=&15,1&1,J.?&=.8./,17M71K&,?&71?&=97278=&M,:9.W&;8&0481/,?1&
14&N5,1&15.K&?,N&,?&15.&-/4V:.A\?4:M78=&3409?&43&048M.81748,:&,01748&/.?.,/05@&<44-.//72./&
,82&Q/7M,?1M,&BERSTF&.8M7?748.2&,8&,337/A,17M.&34/A&43&J84N:.2=.&0/.,1748&,?&,&-,15N,K&14&
?407,:&7884M,1748&B7V72@&-W&E`RFW&#--/.07,17M.&78U97/K&781.82?&14&._1.82&M7?748?&43&-4??7V7:71K&
15/49=5&M,:978=&15,1&N5705&=7M.?&:73.&14&,&59A,8&?K?1.A&,82&VK&9?78=&15.&-4N./&43&49/&
7A,=78,17M.&A782W&%5.&J.K&,??9A-1748&7?&15,1&15/49=5&,--/.07,1748&,82&7A,=78,1748&N.&0,8&
=.8./,1.&J84N:.2=.&N715&0/.,17M.@&1/,8?34/A,17M.&?7=87370,80.&14&?407.1K&B7V72@&-W&EcDFW&%5.&
Y-4?717M.&-/7807-:.Z&43&,--/.07,17M.&78U97/K&B6,//.11&P&$/K@&CDD`@&-W&bSF@&7834/A?&15.&9?.&43&,8&
,--/.07,17M.&.K.&15/49=5&N5705&N.&._-:4/.&:73.\=.8./,178=&._-./7.80.?W&Q905&._-:4/,1748&
0/.,1.?&15.&-4?717M.&,33.01&B:7J.&54-.@&f4K@&,82&0,/78=F&,82&8.0.??,/K&A4A.819A&14&.8,V:.&
05,8=.W&#--/.07,17M.&78U97/K&?17A9:,1.?&04::.017M.&7A,=78,17M.&0,-,071K&V.0,9?.&43&71?&
Y,81707-,14/K&-/7807-:.Z&B6,//.11&P&$/K@&CDD`@&-W&bcF@&N5705&7?&15.&,??9A-1748&15,1&N.&,01&,82&
05,8=.&14N,/2?&,?-7/.2&3919/.&7A,=.?W&<4AV7878=&V415&982./:K78=&-/7807-:.?&78&142,K[?&
,--/.07,17M.&78U97/K&-/,0170.@&=.8./,17M71K&7?&04AA48:K&982./?1442&14&4009/&N5.8&4/7=78,:&72.,?&
,/7?.&15,1&0/.,1.&,&?.8?.&43&04A-.::78=&-4??7V7:71K&,82&.8./=7>.&154?.&N54&,/.&78M4:M.2&14&1,J.&
f4781&84M.:&,01748&B6/7=51&.1&,:W@&CDEC^&69?5.@&CDDTFW&&&

<480.-19,:7>.2&,?&,&?.0482\=.8./,1748&34/A&43&,01748&/.?.,/05&B<44-.//72./&P&O42N78@&CDECF@&
,--/.07,17M.&78U97/K&7?&A.,81&14&V.&,8&78U97/78=&,--/4,05&14&2.M.:4-A.81&,82&05,8=.W&
#004/278=&14&<44-.//72./&,82&#M71,:&BCDDb@&-W&_77F@&15.&J.K&14&982./?1,8278=&,--/.07,17M.&78U97/K&
:7.?&78&,8&.A-5,?7?&48&15.&?.0482&N4/2&78&15.&78?.-,/,V:.&-,7/W&%5.K&?1,1.&15,1&YN57:.&A,8K&,/.&
781/7=9.2&N715&15.&,--/.07,17M.&78U97/K&-4?717M.&V7,?&g&14N,/2&15.&=442@&15.&V.11./@&15.&
._0.-1748,:@&,82&15.&-4??7V:.&g&71&7?&15.&-4N./&43&78U97/K&N.&A9?1&:.,/8&A4/.&,V491&,82&
982./?04/.WZ&&6.K482&15.&27,=84?7?&43&09//.81&/.,:717.?@&15.&-/.A7?.&43&,--/.07,17M.&?1927.?&7?&
15,1&15/49=5&78U97/K&N.&048?1/901&,8.NW&%5.&,--/.07,17M.&,--/4,05&7?&V,?.2&48&15.&,??9A-1748&
15,1&78U97/K&7?&,:/.,2K&,8&781./M.81748W&;1[?&Y-/7807-:.&43&?7A9:1,8.71KZ&B6,//.11&P&$/K@&CDD`@&-W&
bcF&-/.?9A.?&15,1&VK&3409?78=&,11.81748&15/49=5&15.&U9.?1748?&N.&,?J@&N.&7::9A78,1.&,82&
15./.VK&0/.,1.@&15.&/.,:717.?&N.&0,8&?..&,82&3782W&&

#--/.07,17M.&78U97/K[?&Y048?1/9017487?1&-/7807-:.Z&N715&15.&=97278=&841748&15,1&YN4/2?&0/.,1.&
N4/:2?Z&B6,//.11&P&$/K@&CDD`@&-W&bCF@&7834/A?&,&-/,0170,:&,82&15.4/.170,:&3409?&48&A.1,-54/&
B6,//.11&P&<44-.//72./@&ERRDF@&7A,=./K&B<44-.//72./@&ERRDF&,82&,&8,//,17M.@&-4.170&A42.&43&

e&
&
!"#$%&'()*&
+,-./&,00.-1.2&34/&15.&67,889,:&;81./8,1748,:&<483./.80.&48&'/=,87>,1748,:&!7?049/?.@&#A?1./2,A&BCDECF&
&

J84N78=&B)92.A,@&CDDC^&G,82..@&CDDSFW&%57?&27?09/?7M.&3409?&7?&V,?.2&48&15.&72.,&15,1&05,8=.&
-4??7V7:71K&,/7?.?&3/4A&8.N&34/A?&43&781.::7=7V7:71K&,82&15,1&8.N&:,8=9,=.?&43&982./?1,8278=&
V/4,2.8&15.&/,8=.&43&-4??7V:.&,01748?&BO./=.8@&ERRb@&-W&cDFW&;1?&048?1/9017487?1&=/498278=&
A,J.?&,--/.07,17M.&78U97/K&,&05,8=.&-/40.??&78&N5705&15.&/.:,1748,:&,?-.01&7?&,&J.K&78=/.27.81&
BO./=.8&.1&,:W@&CDDb@&-W&bFW&X.&8..2&14&1,:J&14&37=9/.&1578=?&491&,82&15/49=5&54N&N.&.8=,=.&N.&
?5,-.&49/&3919/.W&&

#--/.07,17M.&78U97/K&1,J.?&,8&,017M7?1&?1,80.&VK&78M7178=@&.8049/,=78=&,82&/.U97/78=&15,1&
Y?192.81?&43&?407,:&:73.&/7=4/49?:K&._./07?.&15.7/&15.4/.170,:&7A,=78,1748&78&15.&?./M70.&43&15.7/&
M7?748&43&15.&=442Z&B<44-.//72./&P&Q/7M,?1M,@&ERST@&-W&EbDFW&h9?1&:7J.&415./&:,8=9,=.@&78U97/K&
49104A.?&,82&15.4/.170,:&1._1?&0,8&5,M.&1/,8?34/A,17M.&0,-,071K&VK&7A-,0178=&15.&0481.81&,82&
U9,:71K&43&048M./?,1748W&X5,1&14&?192K@&54N&14&?192K&,82&54N&14&?5,/.&378278=?&,/.&/.?-48?7V:.&
05470.?&43&048?.U9.80.W&%5.&Y-4.170&-/7807-:.Z&43&,--/.07,17M.&78U97/K&B6,//.11&P&$/K@&CDD`@&-W&
bbF&?1,1.?&15,1&Y4/=,87>,1748?&,/.&4-.8\.82.2@&.M4:M78=&8.1N4/J?&43&-4??7V7:717.?&4-.8&14&,8&
.82:.??&M,/7.1K&43&-./?-.017M.?Z&78&N5705&N.&0,8&M7/19,::K&3782&,82&?192K&,8K&-4??7V:.&14-70W&691&
?780.&N5,1&N.&-,K&,11.81748&14&N7::&=/4N&,82&._-,82@&49/&14-70&05470.&7?&,&2.07?7M.&,01W&%5/49=5&
49/&78U97/K&N.&0,8&89/19/.&4/&5,A-./&=.8./,17M.&-/40.??.?&43&/.:,178=&,82&05,8=.W&

!"#$%&':;5$+"#<'E*,&#9,-$&%'(/'4*$&+$)9"#'$&-5'())9$+,-$5&'45##$F$9$-$"#&

%5.&=97278=&-/7807-:.?&43&,--/.07,17M.&78U97/K&=7M.&78?7=51&78&15.&982./:K78=&05,8=.&2K8,A70?@&
N57:?1&:.,M78=&,A-:.&?-,0.&34/&1/,8?:,1748&7814&-/,0170.W&i8=.?1/jA&BERRbF&.A-5,?7>.?&54N&
J84N\54N&0,8&V.&0,-19/.2&78&0481/,?178=&Y4/7.81,1748&V,?.?Zk&N5./.&?K?1.A70&54:7?170&
-/7807-:.?&5.:-&982./?1,82&YN5K&1578=?&N4/J@Z&,:=4/715A70&2.?7=8?&,82&-/41404:?&5.:-&37=9/.&491&
N5,1&,01748?&14&1,J.W&H.&?9==.?1?&15,1&,&:7A71.2&89AV./&43&-/7807-:.?&0,8&78M,/7,V:K&V.&
1/,8?:,1.2&7814&,&N54:.&/,8=.&43&2.?7=8&-4??7V7:717.?W&X.&144J&=972,80.&3/4A&57?&72.,?&,82&
._-:4/.2&15.&,//,K&43&,--/.07,17M.&78U97/K&,--:70,1748?&78&:71./,19/.&,82&-/,0170.W&;8&N5,1&34::4N?&
N.&2.?0/7V.&15/..&V,?70&2.?7=8&05470.?&15,1&A,K&?1/.105&09//.81&,--/.07,17M.&78U97/K&-/,0170.@&
K.1&?17::&?..A&1/91539:&14&71?&982./:K78=&-57:4?4-5KW&%5.?.&2.?7=8&05470.?&/.:,1.&14&54N&:73.\
0.81/70&3409?@&?-7/71&43&78U97/K&,82&/.:,1748,:&.8=,=.A.81&,/.&781./-/.1.2&,82&,019,1.2W&&&

!"#$%&'()*%+',)-%%
#--/.07,17M.&78U97/K&?1/7M.?&14&0/.,1.&05,8=.&VK&7::9A78,178=&,82&V97:278=&48&15.&:73.\=7M78=&
U9,:717.?&,82&2K8,A70?&43&,8&4/=,87>,1748&4/&415./&59A,8&?K?1.AW&H4N.M./@&15.&982./?1,8278=&
43&157?&:73.\0.81/70&05,/,01./7?170&/.A,78?&4-.8&34/&781./-/.1,1748W&;8&0:,??70&,--/.07,17M.&78U97/K&
,--:70,1748?&Y:73.\=7M78=Z&7?&1/,8?:,1.2&7814&,&2.270,1.2&,11.81748&14&,&?K?1.A[?&?4\0,::.2&
Y-4?717M.&04/.Z&43&,057.M.A.81?@&57=5&-4781&A4A.81?@&M,:9.?@&1/,271748?&,82&04A-.1.807.?W&%5.&
V.:7.3&7?&15,1&,&?5,/78=&43&-4?717M.&._-./7.80.?&15,1&57=5:7=51&._7?178=&?1/.8=15?&N7::&0/.,1.&15.&

b&
&
!"#$%&'()*&
+,-./&,00.-1.2&34/&15.&67,889,:&;81./8,1748,:&<483./.80.&48&'/=,87>,1748,:&!7?049/?.@&#A?1./2,A&BCDECF&
&

-4?717M.&,33.01&15,1&.8./=7>.?&-4?717M.&05,8=.W&6.0,9?.&43&157?&3409?&48&-4?717M71K@&,--/.07,17M.&
78U97/K&N,?&.AV/,0.2&VK&15.&37.:2&43&-4?717M.&4/=,87>,1748,:&?054:,/?57-&N5705&84N&-/4M72.?&
-,/1&43&71?&15.4/.170,:&=/498278=&B<,A./48&.1&,:W@&CDDe^&<,A./48&P&Q-/.71>./@&CDECFW&i?-.07,::K&
$/.2/70J?48[?&BCDDeF&15.4/K&43&-4?717M.&.A41748?&7?&N72.:K&9?.2&14&:.=717A7>.&15.&,??9A.2&
0488.01748&V.1N..8&-4?717M.&7A,=.&,82&,01748W&%57?&781./-/.1,1748&43&,&:73.\0.81/70&3409?&5,?&
.M4J.2&415./?&14&04AA.81&15,1&N5,1&7?&-4?717M.&7?&841&8.0.??,/7:K&=.8./,17M.&B6,/=.&P&':7M./@&
CDDe^&$78.A,8@&CDDc^&$71>=./,:2&.1&,:W@&CDEDFW&%54?.&N54&0/717U9.@&,/=9.&15,1&VK&._0:9?7M.:K&
3,M4/78=&-4?717M.&8,//,17M.?&15.&05,8=.&4--4/19871K&7?&A7??.2&15,1&:7.?&78&,8&._-:4/,1748&43&
8.=,17M.&._-./7.80.?W&%57?&/,7?.?&15.&U9.?1748&N5.15./&71&0,8&V.&:73.\0.81/70&,82&?1/.8=15&
V97:278=&14&3409?&49/&,11.81748&48&N5,1&7?&5,/2@&48&N5,1&N.&3.,/@&-4??7V:K&.M.8&48&49/&0K8707?AW&
;3&?4@&0,8&?905&,&3409?&V.&,8&,:1./8,17M.&2.?7=8&05470.&15,1&?17::&5484/?&,--/.07,17M.&78U97/K&
-/7807-:.?d&&
&
!"#$%&'"%(")&$*+*",)"-)"-.-/+0,."1%*',2-3",*"(+/"&'"4,21"/%.2%$*"41%"$+#&3-$35"/%")%2"*1%4"&'"
-2".%)*&32-2,%)"1%&$*"(%$"6$+-*2".-).+$"'-2,+)2*7"81,*"1-*"6++)"1-''+),)#"(%$"5+-$*"-)/"21+"
)&$*+*"$+'+-2+/35"/+-3"4,21"&'*+2"'-2,+)2*7"81+")&$*+*"-*9"&*"2%".%0+"-)/"2-39"4,21"21+0"-6%&2"
21+,$"($&*2$-2,%)"4,21"21,*",**&+7":)"%&$"0++2,)#"21+5",)*,*2"21-2";<"21,*"*1%&3/")%2"1-''+)="><"21-2"
21+"/%.2%$*"-$+"-2"(-&32="?<"21-2"21+$+"*1%&3/"6+"-"'$%.+/&$+"2%"/+-3"4,21"21,*="-)/"@<"21-2",("21+"
'$%.+/&$+"/%+*")%2"4%$9="0-)-#+0+)2"*1%&3/".-33"21+"/%.2%$*"2%"%$/+$7"8%#+21+$"4+"+A'3%$+"
1%4"4+33"21+*+"'$%.+/&$-3"-)/"1,+$-$.1,.-3"-.2,%)*"1-B+"4%$9+/",)"21+"'-*27":2"2&$)*"%&2"21-2",)"
21+"3-*2"(%&$"5+-$*"21+5"1-B+")+B+$"6++)"+((+.2,B+7"C+"/,*.%B+$"21-2"21+"/%.2%$*D"'+$*,*2+)2"
6+1-B,%$="1%4+B+$"/5*(&).2,%)-3=",*"-)521,)#"6&2",$$-2,%)-37"E%$",)*2-).+="$+*,/+)2"*&$#+%)*"-$+"
%(2+)".-33+/"-4-5"-2"21+"3-*2"0,)&2+"(%$"*&$#+$5"65"21+,$"%4)"6%**+*"-)/"21+5"(++3",2"1-$0*"21+,$"
.-$++$",("21+5"/%")%2"$+*'%)/7"C+"-3*%"(,)/"21-2"'$%.+/&$-3"(,A+*"1-B+"3+/"2%"0%$+"6&$+-&.$-.5"
$-21+$"21-)",).$+-*+/"-22+)/-).+7"F&$,)#"21,*".%)B+$*-2,%)"21+")&$*+*D"($&*2$-2,%)",*"'-3'-63+7"
G)35"-(2+$"21+5",)H&,$+",)2%"21,*"I)+#-2,B+J"+A'+$,+).+"4,21"#$,22,)#"2++21"(%$"-)"1%&$"-)/"-"1-3(="
-$+"21+5"4,33,)#"2%"+A'3%$+"-32+$)-2,B+"4-5*"2%"/+-3"4,21"21+"*,2&-2,%)7"G)+")&$*+"*2-2+*K"I4+"
1-B+")%21,)#"2%"3%*+"-2"21,*"'%,)27J"C+"$-,*+"21+"H&+*2,%)"41+21+$"21+5"1-B+"/%)+"-)521,)#"
/&$,)#"21+"3-*2"5+-$*"21-2"1-*"0-/+"-"/,((+$+).+="1%4+B+$"*3,#12"%$"2+0'%$-$57"81+")&$*+*"*1-$+"
21-2"41+)"21+5"*'+-9"/,$+.235"2%"IL%1)J""%$"IM2+B+J"-)/"-*9"21+0"2%"/%"21+0"-"(-B%$=",2"/%+*"
.1-)#+"21,)#*"(%$"21+"6+22+$7"E%$"-"0%)217"!(2+$"41,.1"21+5"1-B+"2%"/%",2"-#-,)="21%&#1",2"/%+*"
#+2"+-*,+$"+-.1"2,0+7"C1-2"1-*")%2"4%$9+/"4-*"-)5"/+'-$20+)2N4,/+"*5*2+0"2%"-$$-)#+"
-22+)/-).+"%("-33"/%.2%$*",)"%)+"*2$%9+="6&2"41-2"1-*"4%$9+/"4-*"/,$+.2".%)2-.2"21$%&#1"41,.1"
21+")&$*+*"9++'"21+,$".%33+-#&+*"%)"21+,$"2%+*7"M%0+")&$*+*"(,)/"21,*"-"2%&#1".%).3&*,%)K"I:"-0"
)%2"1,*"0%21+$="21,*"*1%&3/")%2"6+"05"O%6PJ"C+"-*9"I415")%2=",(",2"4%$9*"3,9+"-".1-$0="2-9+*"3,223+"
+((%$2"-)/"1+3'*"21+".-).+$"'-2,+)2*QJ"C%$9,)#"21$%&#1"21+,$"+0%2,%)*"3+-/*"21+")&$*+*"2%"
.%).3&/+"21-2"*&.1"-.2,%)*"%)"21+,$"'-$2"-$+"*%0+21,)#"21+5"*1%&3/"-''$+.,-2+"$-21+$"21-)"*1&)7"

`&
&
!"#$%&'()*&
+,-./&,00.-1.2&34/&15.&67,889,:&;81./8,1748,:&<483./.80.&48&'/=,87>,1748,:&!7?049/?.@&#A?1./2,A&BCDECF&
&

81+5"/+.,/+"2%"$+.3-,0",2"-*"'-$2"%("21+,$"4%$9"-)/"2%"+A'-)/"%)",2"%B+$"21+")+A2"0%)21*7"E$%0"
)%4"%)"21+5"4,33"$+#-$/"21+0*+3B+*"-*"3+-/+$*",)"'-2,+)2"$+3-2,%)*7""

%57?&0,?.&7A-:7.?&54N&,&3409?&48&N5,1&7?&149=5&A,K&V.&-,/1&43&,&=.8./,17M.&-/40.??W&6.78=&
,--/.07,17M.&15.8&7A-:7.?&Y14&5484/&N5,1&7?Z&Bh458?48@&CDEC^&+/,11@&CDDCF&,82&?..J&=.8./,17M71K&
N5./.M./&71&A,K&V.&34982W&%57?&7?&-./178.81&,?&2.,:78=&N715&05,::.8=78=&7??9.?&A,K&/,7?.&
980./1,7817.?&,V491&,V7:717.?@&?9--4/1&,82&/7?J&43&3,7:9/.W&;1&A,K&78M4:M.&983,A7:7,/&/.-./147/.?@&
98-/.2701,V:.&-/40.??.?&,82&,/49?.&4--4?71748&B6/4N8&P&Q1,/J.K@&CDDDFW&#?&,&/.?9:1&-.4-:.&
A,K&V.&5.?71,81&14&.AV,/J&48&?905&f49/8.K?W&%57?&7?&N.::&/.04=87>.2&78&15.&-?K0542K8,A70&
:71./,19/.&N5./.&$/.805&BCDDEF&?9==.?1?&15,1&?900.??39:&05,8=.&2.-.82?&48&,&04AV78,1748&43&
Y-4?717M.&0,-,V7:717.?Z&8..2.2&14&2.,:&048?1/9017M.:K&N715&15.&7??9.[?&0481.81&,82&Y8.=,17M.&
0,-,V7:717.?Z&8..2.2&14&2.,:&N715&15.&,??407,1.2&.A41748?W&<,/.39:&3,07:71,1748&,82&15.&
04::,V4/,17M.&/.:,1748?57-&N715&415./?&0,8&,::4N&34/&15.&._-:4/,1748&43&0.8?4/.2&1549=51?&,82&
3..:78=?W&;1&0/.,1.?&,&Y54:278=&?-,0.Z&N5./.&15.K&0,8&V.&,--/.07,1.2@&982./?1442&,82&5,82:.2&
BH7/?0554/8@&ERSSFW&6K&._-:4/78=&157?&Y?5,24NZ&43&15.&0.8?4/.2&8.N&-4??7V7:717.?&0,8&.A./=.@&
V.0,9?.&71&7?&,:?4&15.&-:,0.&N5./.&/.-/.??.2&2/.,A?&,82&0,-,V7:717.?&A,K&572.&B$71>=./,:2&.1&,:W@&
CDEDFW&

X.&-/4-4?.&14&781./-/.1&:73.\=7M78=&,?&15.&0/.,1748&43&,&?.8?.&43&.3370,0K@&159?&4M./04A78=&15.&
-4?717M.l8.=,17M.&-4:,/71K&43&N5,1&N.&A,K&3409?&48&78&,--/.07,17M.&78U97/KW&%57?&,::4N?&34/&
,--/.07,V:.&._-./7.80.?&15,1&780:92.&15.&-/4V:.A,170&,82&-,7839:&,?-.01?&43&4/=,87>,1748,:&:73.&
8._1&14&49/&,057.M.A.81?&,82&-.,J&._-./7.80.?W&X.&-/4-4?.&15,1&78&2.?7=878=&?-.07370&#;&
-/40.??.?&N.&?549:2&=,9=.&15.&?719,1748&,82&0544?.&N5705&3409?&N7::&V.&A4?1&=.8./,17M.W&&

./0%1/%0)%'234'5)-%
X715&15.7/&781/42901748&43&,--/.07,17M.&78U97/K@&<44-.//72./&,82&Q/7M,?1M,&BERSTF&N,81.2&14&/.\
,N,J.8&15.&Y?-7/71&43&78U97/KZ&N5705&15.K&?,N&,?&-7M41,:&34/&/.?.,/05&15,1&N7?5.?&14&V.&43&M71,:&
?7=87370,80.&14&?407.1KW&Q905&?-7/71&,::4N?&9?&14&/.?-482&N715&,&?.8?.&43&Y,N.@&09/74?71K@&
M.8./,1748@&?9/-/7?.@&2.:7=51@&,A,>.A.81&,82&N482./Z&14&15.&AK?1./K&,82&A7/,0:.&43&:73.&
B<44-.//72./@&ERRc@&-W&`FW&;1&=/4982?&,--/.07,17M.&78U97/K&78&15.&37.:2&43&,.?15.170&27?049/?.&
N5705&78M71.?&,&A4/.&7819717M.&,82&7A,=78,17M.&N,K&43&J84N78=&BQ1/,17@&ERRRFW&<48M.81748,:&
,--/4,05.?&14&,--/.07,17M.&78U97/K&N5705&9?.&15.&27?04M./K&43&?1/.8=15?&14&,N,J.8&15.&
04::.017M.&7A,=78,1748&43&,?-7/.2&3919/.?@&?..A&14&?-.82&:.??&17A.&48&0/.,178=&,8&982./?1,8278=&
43&15.&A4/.&?9V1:.&2K8,A70?&43&59A,8&?K?1.A?W&;1?&048?1/9017487?1@&27,:4=70&?1,80.&A,K&89/19/.&
,&5.?71,80K&14&2.M.:4-&,--:70,1748?&15,1&?..A&A4/.&27,=84?170&78&05,/,01./W&H4N.M./@&N5.8&
7??9.?&,/.&04A-:._&4/&-./?7?1.81@&05./7?5.2&72.,?&,82&5,V719,:&,01748?&A7=51&?1,82&78&15.&N,K&43&
27?0./878=&N5,1&.8,V:.?&/.,:&7884M,1748W&;8&?905&0,?.?&,&?.8?.&43&N482./&A7=51&841&?93370.&14&
?54N&,82&?5731&982./:K78=&05,8=.&2K8,A70?W&%57?&/,7?.?&15.&U9.?1748&N5.15./&71&0,8&?./M.&

c&
&
!"#$%&'()*&
+,-./&,00.-1.2&34/&15.&67,889,:&;81./8,1748,:&<483./.80.&48&'/=,87>,1748,:&!7?049/?.@&#A?1./2,A&BCDECF&
&

=.8./,17M71K&14&78?7?1&48&/.?.,/05&/7=4/&78&,--/.07,17M.&78U97/K&-/40.??.?W&<,8&71&V.&,--/.07,17M.&&
14&Y34/0.Z&-,/1707-,81?&14&V.04A.&,01748&/.?.,/05./?&982./&._-./1&=972,80.d&&
&
C+"2+-.1",)"-"F&2.1"'%*2#$-/&-2+"'$%#$-0"#+-$+/"2%4-$/"+A'+$,+).+/".1-)#+"-#+)2*7":2*"'%,)2"
%("/+'-$2&$+",*"21-2"'$-.2,2,%)+$*"4,21";RN?S"+A'+$,+).+"1-B+"-"3%2"%("'$%(+**,%)-3,*0="6&2"-$+"
%(2+)"&)-63+"2%"'&2",)2%"4%$/*"41-2"21+5"/%="3+2"-3%)+"2%"*-5"415",2"4%$9*7"!"#%%/"+A-0'3+",*"-"
*2&/+)2"41%"1-*"#$+-2"*&..+**"/+-3,)#"4,21"%$#-),T-2,%)*"(&33"%("2%A,."+0%2,%)*7"U+$",0'3,.,2"
9)%4N1%4".-)"'%2+)2,-335"6+"%("#$+-2"B-3&+"2%"%21+$*7"U%4+B+$="21+".%).+'2*"*1+"&*+*"2%"+A'3-,)"
1+$"4%$9".%0+"($%0"21+"-$+)-"%("'$%O+.2"0-)-#+0+)27"V%)+"%("21+*+"*1+/"0&.1"3,#12"%)"21+"
0-#,."%("1+$"4%$97"U+$"9)%43+/#+",*"2-.,2"-)/"21-2"1,)/+$*"6%21"1+$"/+B+3%'0+)2"-)/"1+$"-6,3,25"
2%".%)2$,6&2+"2%"21+"'$%(+**,%)7"81+"0-,)"21$&*2"%("21+"'$%#$-0",*"21-2"*1+"-)/"1+$"(+33%4"
*2&/+)2*"$+*+-$.1"21+,$"%4)"'$-.2,.+*"-)/"+3&.,/-2+"21+,$",0'3,.,2"I.1-)#+"0+21%/%3%#,+*7J"81,*"
+)/+-B%$",*")+4"2+$$,2%$5"(%$"21+"*2&/+)2*7"W$-.2,2,%)+$*"3+-$)"-33"21+"2,0+="6&2"21,*"/%+*")%2"
0+-)"21+5".$+-2+"9)%43+/#+"(%$"%21+$*7"81+,$"3+-$),)#",*"%(2+)"2%%"',+.+0+-3"-)/",0'3,.,27"81+5"
',.9"21,)#*"&'"%)"21+"O%67"F$,B,)#"-4-5"($%0"21+".3,+)2="21+5"0-5"'%)/+$"41-2"4%$9+/"-)/"41-2"
/,/)D2="%$"21+5"0-5"/,*.&**"21+,$"/,3+00-*"4,21"-".%33+-#&+7"81&*="21+5"3+-$)"'$+/%0,)-)235"
21$%&#1"$+(3+.2,%)"X,)"21+".-$"65"21+0*+3B+*<"-)/",)2+$-.2,%)"X"2-39,)#"4,21"-".%33+-#&+<7"Y%21"
#,B+")+4",)*,#12*"6&2"$-$+35"3+-/"2%"-".%1+*,B+"*2%$57":2"0%$+"%(2+)"-//*"2%"-"(&TT5".3%&/"%("
3%%*+35".%&'3+/")%2,%)*"41,.1"-$+"%)35"-..+**,63+"(%$"21+07"8%".%).+'2&-3,T+"21+,$"+A'+$,+).+="
$+*+-$.1"$,#%$"*++0*"$+H&,$+/7"M%"4+"#&,/+"21+0",)"-.H&,$,)#"$,.1"H&-3,2-2,B+"/-2-"($%0"21+,$"
'-*2"4%$9"-)/")+4"+A'+$,0+)2*7"C+"-*9"21+0"2%"-)-35T+"21+"/-2-"($%0"0&32,'3+"B,+4'%,)2*",)"
.%33-6%$-2,%)"4,21".%33+-#&+*"-)/".3,+)2*="2%"/+3B+",)2%"21+"$+3+B-)2"3,2+$-2&$+"(%$"-)-352,.-3"
($-0+*"-)/"2%".%).+'2&-3,T+"21+,$"(,)/,)#*",)"4-5*"21-2"/%"O&*2,.+"2%"21+"0-2+$,-37"C+"-*9"21+0"
2%"4$,2+"&'"21+,$"(,)/,)#*="'$+*+)2",2"2%"21+,$"'++$*"(%$"*.$&2,)5"-)/"*++9"'3-2(%$0*"2%",)(3&+).+"
21+,$"(,+3/7"Z%*2"%("21+0"-$+"*&$'$,*+/"65"6%21"21+".%)2+)2"-)/"*,#),(,.-).+"%("21+,$"(,)/,)#*7"
81+5"6+.%0+"0%$+"B,*,63+".%)2$,6&2%$*"2%"21+".%00&),25"%("'$-.2,.+"-)/",)B-$,-635"2-9+"%)"
0%$+".1-33+)#,)#",**&+*",)"21+,$"4%$97"81+5"0-5"0-9+"$+*+-$.1"'-$2"%("21+,$"%)#%,)#"
'$%(+**,%)-3"3,(+"-)/"*%0+"+B+)"$+.+,B+"'&63,.-2,%)"-4-$/*7""

%5.&0,?.&?9==.?1?&71&A,K&V.&=.8./,17M.&,82&.A-4N./78=&34/&-/,0171748./?&14&1,J.&48&15.&/4:.&43&
,01748&/.?.,/05./&,82&.8=,=.&78&/7=4/49?&04::,V4/,17M.&78U97/KW&iM.8&1549=5@&,?&i2.8&,82&
H9_5,A&BERRcF&982./:78.@&71&1,J.?&17A.&14&982./?1,82&15.&A.15424:4=70,:&7??9.?&78M4:M.2&78&
,01748&/.?.,/05&,82&15,1&71&N7::&,:N,K?&/.A,78&,8&7A-/.07?.@&980./1,78&,82&98?1,V:.&,017M71KW&;1&7?&
,&0/,31&15,1&A,8K&-,/1707-,81?&N7::&841&?933707.81:K&A,?1./&14&,::4N&34/&57=5&U9,:71K&/.?.,/05W&'8&
14-&43&157?@&/7=4/49?&78U97/K&7814&04A-:._&7??9.?&7?&V4982&14&V.&841&48:K&3/,A.&V/.,J78=&34/&,8&
4/=,87>,1748&V91&,:?4&34/&15.&,01748&/.?.,/05./?k&15.K&:.,/8&14&:44J&,1&15.A?.:M.?@&15.7/&-/,0170.&
,82&15.7/&0481._1&N715&8.N&.K.?&BI./A,,J@&CDEEFW&X.&?9==.?1&15,1&._,01:K&15.?.&05,::.8=.?&

T&
&
!"#$%&'()*&
+,-./&,00.-1.2&34/&15.&67,889,:&;81./8,1748,:&<483./.80.&48&'/=,87>,1748,:&!7?049/?.@&#A?1./2,A&BCDECF&
&

A,K&A,J.&15.&.334/1&?4&=.8./,17M.W&Q905&78U97/K&,::4N?&34/&J84N:.2=.&0/.,1748&,82&05,8=.&
,019,:7>,1748&15/49=5&15.&71./,17M.&0K0:.?&43&,01748&,82&/.3:.01748W&%57?&3409?&48&N4/J,V7:71K&,:?4&
.8049/,=.?&7A-/4M7?,1748&,82&._-./7A.81,1748W&<5,8=.&49104A.?&,/.&841&0/.,1.2&U970J:K@&V91&
780/.A.81,::K&78&?A,::&N78?&15,1&0,8&V.&V97:1&9-48&14&1/,8?34/A&:,/=.&?K?1.A?&4M./&17A.&BX.70J&
P&X.?1:.K@&ERRcFW&%5.&J84N:.2=.&15,1&7?&0/.,1.2&7?&37/A:K&=/4982.2&78&-/,0170.&,82&A,K&0,-19/.&
781/70,07.?&15,1&.:92.&A4/.&27?1,80.2&/.?.,/05./?W&#&=/4N78=&89AV./&43&._,A-:.?&78&.290,1748@&
5.,:15&0,/.&,82&415./&37.:2?&9?.&,--/.07,17M.&78U97/K&,?&,&/.?.,/05&A.15424:4=KW&%5.?.&:.??&
048M.81748,:&,--:70,1748?&?54N&15,1&:73.\=.8./,178=&.??.817,:?&0,8&V.&98.,/15.2&,82&15,1&
7884M,17M.@&=.8./,17M.&J84N:.2=.&0,8&V.&0/.,1.2&15/49=5&.A-7/70,:&N4/J&15,1&1,J.?&,&
048?1/9017487?1@&/.3:._7M.&?1,80.&BQ05,::@&.1&,:W@&CDDbFW&

X.&-/4-4?.&15,1&15.&?-7/71&43&78U97/K&A,K&V.&?./M.2&,?&A905&VK&,&?.8?.&43&/7=4/&,?&,&?.8?.&43&
N482./W&;8&15.&-/40.??&43&,33.0178=&05,8=.@&,--/.07,17M.&78U97/K&A,K&0544?.&14&3409?&48&
/.?.,/0578=&5722.8&2K8,A70?&78&.M./K2,K&-/,0170.&,?&,&2.?7=8&4-1748&15,1&7?&.U9,::K&-4N./39:&,?&
,&3409?&48&:7V./,178=&-41.817,:?&15/49=5&27?04M./K&,82&7A,=78,1748W&&

!"/%1/%0)%)2&#&)-%
%5.&048?1/9017487?1&-/7807-:.&43&,--/.07,17M.&78U97/K&A,J.?&Y/.:,1748,:&.8=,=.A.81Z&,&-7M41,:&
U9,:71KW&6.0,9?.&15.&/.:,1748?57-&7?&?..8&,?&15.&:409?&43&J84N:.2=.&0/.,1748&BG,82..&P&
<44-.//72./@&CDDS@&-W&ER`F@&780:9?7M.&048M./?,1748&,82&04::,V4/,1748&,/.&J.KW&%57?&7?&N5K&
,--/.07,17M.&78U97/K&:71./,19/.&1.82?&14&.A-5,?7>.&:,/=.&=/49-&?9AA71&A..178=?&78&N5705&
N72.?-/.,2&-,/1707-,1748&7?&.8049/,=.2W&%5.&72.,&7?&15,1&N715&Y15.&N54:.&?K?1.AZ&78&15.&/44A@&
15.&27M./?71K&78&?1,J.54:2./&-./?-.017M.?&N7::&781/4290.&15.&84M.:1K&78&048M./?,1748&15,1&7?&
0482907M.&34/&05,8=.W&%5/49=5&V4982,/K&0/4??78=&78U97/K@&7884M,17M.&72.,?&A,K&.A./=.&N57:?1&
-,/1707-,81?&2.M.:4-&A919,:&982./?1,8278=&,82&,&U9,:71K&43&/.:,1.28.??&15,1&0/.,1.?&
04AA71A.81&34/&?5,/.2&3919/.&4/7.81.2&,01748W&6.0,9?.&:,/=.&=/49-@&0/4??&V4982,/K&
-,/1707-,1748&781/4290.?&,&?.8?.&43&N54:.8.??&,82&-4??7V7:71K@&71&:.82?&71?.:3&N.::&34/&78U97/K&7814&
15.&U9,:717.?@&M,:9.?&,82&-9/-4?.&43&,8&4/=,87>,1748W&691&/,15./&15,8&78&1./A?&43&N54:.&
4/=,87>,1748?@&59A,8&?K?1.A?&0,8&,:?4&V.&2.378.2&,?&N54:.&1/,8?34/A,1748&-/40.??.?&
B<5.0J:,82@&CDDD^&i8=.?1/jA@&CDDEFW&X5.8&?905&?K?1.A?&,/.&2.:78.,1.2&,/4982&0480/.1.&
4-./,1748?@&15.K&:.82&15.A?.:M.?&N.::&14&78U97/K&7814&15.&04A-:._717.?&,82&-41.817,:?&43&2,7:K&
-/,0170.&,?&,&N,K&14&1/,8?34/A&15.AW&X5./.&V415&1K-.?&43&?K?1.A?&5,M.&78&04AA48&15,1&15.K&
780:92.&27M./?71K&78&M7.N-4781?&,82&,::4N&34/&27,:4=70&.8=,=.A.81@&15.K&2733./&A,/J.2:K&78&1./A?&
43&?0,:.W&;8?1.,2&43&78U97/78=&N715&48.&V7=&4/=,87>,1748,:&?K?1.A&78&15.&/44A@&78U97/K&A,K&1,J.&
-:,0.&78&A,8K&-,/,::.:@&V91&?A,::./&4-./,1748,:&?K?1.A?W&X5./.&15.&37/?1&1.82?&14&780:92.&,8K&
?1,J.54:2./?&N715&,8&781./.?1&78&15.&05,8=.&14-70@&15.&?.0482&._0:92.?&-.4-:.&N54&,/.&841&
Y5,82?&48Z&78M4:M.2W&%57?&/,7?.?&15.&U9.?1748&N5.15./&71&0,8&V.&,?&=.8./,17M.&14&>44A&78&48&15.&
1/,8?34/A,1748,:&-41.817,:?&43&2,7:K&-/,0170.&VK&.8=,=78=&48:K&154?.&27/.01:K&78M4:M.2@&,?&71&7?&

S&
&
!"#$%&'()*&
+,-./&,00.-1.2&34/&15.&67,889,:&;81./8,1748,:&<483./.80.&48&'/=,87>,1748,:&!7?049/?.@&#A?1./2,A&BCDECF&
&

N715&:,/=.&=/49-&781./M.81748&A.1542?&:7J.&,&?9AA71&A..178=W&<,8&?905&2733./.81&34/A?&43&
.8=,=.A.81&?17::&V.&78&?1.-&N715&,--/.07,17M.&78U97/K&-/7807-:.?d&&
&
C+"(-.,3,2-2+/"-"24%N5+-$"GF"'$%.+**"-2"21+"F&2.1"+06-**5",)"M%&21"!($,.-"41+)",2"4-*"*2,33"
+)#-#+/",)"/,*'+)*,)#"(%$+,#)"-,/"2%"1+3'"/+B+3%'"21+".%&)2$57"81+"Z,),*2$5"%("E%$+,#)"-((-,$*"
'$%(+**+/"-")++/"(%$"+H&-3"'-$2)+$*1,'",)"/+B+3%'0+)2".%%'+$-2,%)"6+24++)"/%)%$*"-)/"
$+.,',+)2*7"81,*",*"+-*,+$"*-,/"21-)"/%)+7":2"$+H&,$+*"/+-3,)#"4,21".&32&$-3"0,*&)/+$*2-)/,)#*="
3-)#&-#+"6-$$,+$*="'%4+$"/,((+$+).+*"-)/"1,*2%$,.-3"*+)*,2,B,2,+*".-&*+/"65"'$+B,%&*".%3%),-3"2,+*7"
81+*+".%0'3,.-2,%)*".%0+"2%"3,(+",)"/-5N2%N/-5",)2+$-.2,%)*"6+24++)"[06-**5"'$%(+**,%)-3*"-)/"
21+,$"+A2+$)-3".%&)2+$'-$2*7"81+$+",*")%"'$%2%.%3"%$"6+*2"'$-.2,.+"21-2"*&((,.+*"1+$+7"\+*'+.2",*"
)%2"-"(%$0&3-7"M%0+"*+),%$"F&2.1"%((,.,-3*"6$%&#12"21+",**&+"2%"%&$"-22+)2,%)"-)/"-*9+/"&*"2%"
21,)9",2"21$%&#1"4,21"21+07"]%%9,)#"-$%&)/"21+"2-63+"4+"*-4"21$++"41,2+"(-.+*7"81+"(,$*2"21,)#"
4+"*&##+*2+/"4-*"2%")%2"/,*.&**"21,*",**&+"-$%&)/"21,*"2-63+",)"21,*".%0'%*,2,%)="6&2"2%",)H&,$+"
,)2%"21+",**&+",)"-"0,A+/"#$%&'"%("F&2.1"-)/"M%&21"!($,.-)"*2-(("41,3*2"4%$9,)#"%)".%).$+2+"
/+B+3%'0+)2"'$%#$-0*7"81,*"4-*"0+2"4,21"*%0+"-''$+1+)*,%)7"!33"21+".%0'3,.-2,%)*="
.1-33+)#+*"-)/"2+)*,%)*"21+5"+A'+$,+).+/"4,21"+A2+$)-3".%&)2+$'-$2*"4+$+"-3*%"(+32",)*,/+"21+"
+06-**5"6+24++)"3%.-3"-)/"+A'-2$,-2+"*2-((7"C+"*&##+*2+/"21-2"21+"%)35"6+3,+B-63+"4-5"2%"
.$+-2+"'-$2)+$*1,'*"6+5%)/"21+"+06-**5D*"4-33*="4-*"2%"3+-$)"2%"/+B+3%'"21+0",)"21+",)2+$)-3"
0,.$%.%*0"-*"4+337"M%="-".1-)#+"'$%.+**"4-*"/+*,#)+/"(%$"21+"0,A+/"#$%&'"21-2"4-*".%33+.2,B+35"
$+*'%)*,63+"(%$"*&..+**(&335"'&33,)#"%(("/+B+3%'0+)2".%%'+$-2,%)7"[06-**5"*2-(("41%"4%$9+/",)"
%21+$"(,+3/*"4+$+"'&$'%*+35"+A.3&/+/7"!3$+-/5"/&$,)#"21+"(,$*2"/-5"%("4%$9,)#"2%#+21+$="2+)*,%)*"
-$%*+"21-2"1-/"+B+$521,)#"2%"/%"4,21"*2$-,)+/"$+3-2,%)*1,'*"6+24++)"+A'-2"-)/"3%.-3"*2-((7"C+"
3+#,2,0,T+/"/+-3,)#"4,21"21+*+"2+)*,%)*"-*"'-$2"%("21+"4%$9"-)/"-*9+/"21+0"2%".%00,2"
21+0*+3B+*"2%",)H&,$+",)2%".%).$+2+".%33-6%$-2,B+"0%0+)2*",)"21+,$"/-,35"%'+$-2,%)*="$-21+$"21-)"
2%"$+*2-2+"(%$+#%)+".%).3&*,%)*"-)/"#+)+$-3,T+/"-..&*-2,%)*7"81,*"3+/"H&,2+"H&,.935"2%",).$+-*+/"
,)*,#12="-''$+.,-2,%)"-)/"-6,3,25"2%"/+-3"4,21"/,((+$+).+*"%)"21+"O%6="41,.1"21+)"*',33+/"%B+$",)"
21+,$"4%$9"4,21"+A2+$)-3".%&)2+$'-$2*"+)1-).,)#"21+"+((+.2,B+)+**"%("21+,$"/+B+3%'0+)2"
'$%#$-0*7""

%5.&0,?.&?9==.?1?&15,1&0483/481,1748&N715&15.&/7058.??&43&,019,:&-/,0170.&0,8&V.&U971.&-4N./39:@&
.?-.07,::K&73&15.&78U97/./?&,/.&78&,&-4?71748&14&._-./7A.81&N715&N5,1&15.K&27?04M./&78&/.,:&17A.W&
!478=&?905&78U97/K&N715&-.4-:.&N54?.&27/.01&0481/7V91748?&,/.&8..2.2&14&2.,:&N715&,&0480/.1.&
7??9.@&0/.,1.?&,&3409?&48&Y,017M71K&?K?1.A?Z&15,1&=.8./,::K&091&,0/4??&2.-,/1A.81,:&V,//7./?&4/&
.M.8&4/=,87>,1748,:&N,::?&Bi8=.?1/jA@&CDDEFW&%57?&3409?&27A787?5.?&044/278,1748&8..2?@&
A,8,=.A.81&A..178=?&,82&19/3&N,/?W&X4/J78=&N71578&?905&?K?1.A?&,::4N?&34/&:.,2./?57-&14&
V.04A.&A4/.&/.,27:K&27?1/7V91.2@&?5,/.2&,82&048?1/901.2&,?&,&04::.017M.&-/40.??&BH4?J78=@&
CDDCFW&;1&,:?4&.8,V:.?&15.&048?1/9017M.&2.,:78=&N715&3/701748?@&V.0,9?.&157?&7?&.,?7./&248.&48&,&

R&
&
!"#$%&'()*&
+,-./&,00.-1.2&34/&15.&67,889,:&;81./8,1748,:&<483./.80.&48&'/=,87>,1748,:&!7?049/?.@&#A?1./2,A&BCDECF&
&

?A,::&?0,:.&,82&78&/.:,1748&14&0480/.1.&1,?J?&B!/.9@&CDDcFW&%5.&?900.??&43&?A,::&?0,:.&78U97/7.?&
0,8&?-/.,2&0481,=749?:K&14&415./&1.,A?&15,1&A,K&V.&78?-7/.2&14&?1,/1&15.7/&4N8&=.8./,17M.&
-/40.??&BQ1/,8=&P&Q49:.@&ERRSFW&$/4A&157?&-./?-.017M.@&78U97/K&A,K&N.::&V.&A4?1&-4N./39:&N5.8&
71&.8=,=.?&15.&?A,::.?1&-4??7V:.&N4/J&?K?1.AW&)7J.&34/&._,A-:.@&78&,&54?-71,:&N5.8&-,17.81?&N715&
15.7/&7AA.27,1.&24014/?@&89/?.?&,82&3,A7:K&78U97/.&7814&15.&U9,:717.?&,82&2K8,A70?&43&15.7/&
5.,:78=&-/40.??.?W&&&

X.&-/4-4?.&15,1&2733./.81&1K-.?&43&.8=,=.A.81&,/.&-4??7V:.&,?&2.?7=8&05470.?&15,1&.U9,::K&
5484/&15.&,--/.07,17M.&78U97/K&-/7807-:.?&43&04::,V4/,1748&,82&A9:17&?1,J.54:2./&780:9?748W&
%549=5&,--/.07,17M.&78U97/K&?9AA71?&,/.&-./5,-?&V.?1&2409A.81.2@&15.&,--/.07,17M.&,--/4,05&
7?&4-.8&14&,&M,/7.1K&43&34/A?&43&.8=,=.A.81&15,1&,::4N&71&14&V.&1,7:4/.2&14&?-.07370&14-70?&,82&
?719,1748?W&&

!"#$%&'/&?$+,-5*#<':5&6*5&-$&%'(/'45##$F$9$-$"#'G$-;'=$-1,-$5&,9':;,*,+-"*$#-$+#''

;3&N.&.AV/,0.&15.&841748&15,1&15/49=5&49/&781./,01748?&N.&048?1/901&15.&?407,:&/.,:71K&78&N5705&
N.&39801748@&157?&,:?4&54:2?&1/9.&34/&54N&05,8=.&,=.81?&.8=,=.&N715&,&?K?1.A&78&N5705&
,--/.07,17M.&78U97/K&A7=51&V.&9?.2W&#::&05470.?&15.K&A,J.&N5.8&15.K&37/?1&.81./&15.&?K?1.A&0,8&
,:/.,2K&V.&?..8&,?&781./M.81748?W&;1&A,11./?&N54&15.K&?-.,J&14&,82&/.=,/2&,?&-/7807-,:?@&54N&
15.K&-./0.7M.&?K?1.A&:7A71?@&N5,1&15.K&?..&,?&15.&-9/-4?.&43&05,8=.&,82&54N&15.K&,??.??&15.&
M7,V7:71K&43&,--/.07,17M.&78U97/K&,?&,8&781./M.81748&78&0481/,?1&14&,:1./8,17M.&05,8=.&A.1542?W&
%5.&72.,&15,1&05,8=.&7?&,33.01.2&VK&,8K&,82&,::&U9.?1748?&N.&,?J&,?&N.&-,/1707-,1.&78&,&8.1N4/J&
43&05,8=.&.M4J78=&048M./?,1748?@&.A-5,?7>.?&15.&7A-4/1,80.&43&2.:7V./,1.&,82&17A.:K&2.?7=8&
05470.?W&%54?.&05470.?&,/.&3/,A.2&VK&49/&/.-./147/.?&43&:44J78=&,82&1578J78=&,82&,0178=W&
%549=5&848.&43&15.A&,/.&0,?1&78&?148.@&,::&05470.?&5,M.&7A-,01&,82&15.K&,/.&,8&._-/.??748&43&
05,8=.&,=.81?[&._-./17?.&,82&:7A71,1748?&14&=972.&-,/1707-,81?&78&5.:-39:&N,K?W&;8&N5,1&34::4N?&
N.&N,81&14&V97:2&48&,&1/,271748&43&048178=.80K&1578J78=&78&15.&37.:2&43&4/=,87>,1748,:&
2.M.:4-A.81&,82&05,8=.&B<,:9Nm&P&I./A,,J@&CDDe^&<9AA78=?&P&X4/:.K@&CDDbFW&%57?&7A-:7.?&
15,1&N.&781/4290.&?4A.&27,=84?170&,N,/.8.??&7814&49/&27,:4=70&05,8=.&-./?-.017M.&B69?5.&P&
],/?5,J@&CDDRFW&&X.&2.?0/7V.&54N&=.8./,17M.&05,8=.&-/40.??.?&V.04A.&3.,?7V:.&15/49=5&15.&
0483/481,1748&43&,--/.07,17M.&78U97/K&-4??7V7:717.?&N715&15.&?719,1748,:&05,/,01./7?170?&43&14-70&
05470.@&05,8=.&:.=717A,0K&,82&15.&._7?178=&05,8=.&0,-,071KW&&&

!"#$%'*%$")%#,,'56#$'()%$/7'8-%
%5.&-4.170&-/7807-:.&43&,--/.07,17M.&78U97/K&?1,1.?&15,1&78&,8K&59A,8&?K?1.A&N.&0,8&3782&,8&
782.37871.&89AV./&43&7??9.?&14&?192KW&#??9A78=&15,1&N5,1&N.&3409?&48&N7::&=/4N@&14-70&05470.&
,82&2.37871748&,/.&,8&.??.817,:&37/?1&?1.-&78&,8K&,--/.07,17M.&05,8=.&78717,17M.W&%K-70,::K@&,&=/49-&
15,1&/.-/.?.81?&15.&?K?1.A&N7::&72.8173K&,&3409?&43&78U97/K&15,1&7?&43&57=5&781./.?1&,82&N7::&.M4J.&

ED&
&
!"#$%&'()*&
+,-./&,00.-1.2&34/&15.&67,889,:&;81./8,1748,:&<483./.80.&48&'/=,87>,1748,:&!7?049/?.@&#A?1./2,A&BCDECF&
&

09/74?71KW&%5.&054?.8&14-70&7?&0,/.39::K&N4/2.2&78&,337/A,17M.&1./A?&14&=.8./,1.&,&?.8?.&43&
-4?717M.&,81707-,1748&B6,//.11&P&$/K@&CDD`@&-W&T`FW&%57?&A,K&A.,8&15,1&7??9.?&N5705&,/.&78717,::K&
?1,1.2&78&-/4V:.A,170&1./A?@&,/.&/.3/,A.2&78&N4/278=?&15,1&-4781&14&15.&-4??7V7:71K&43&2.?7/.2&
49104A.?W&%5.&,337/A,17M.&14-70&2.37871748&?9V?.U9.81:K&7834/A?&15.&U9.?1748?&15,1&N7::&=972.&
15.&27?04M./K&048M./?,1748?W&X5./.&,--/.07,17M.&78U97/K&7?&2.:7V./,1.&78&71?&05470.&,82&N4/278=&
43&14-70?&15,1&,/.&,337/A,17M.&,82&,11/,017M.@&71&A,K&7=84/.&7??9.?&15,1&?..A&14&/.?7?1&?905&
3/,A78=&V91&8.M./15.:.??&5,M.&57=5&=.8./,17M.&-41.817,:W&%57?&7?&1K-70,::K&15.&0,?.&N5.8&-4?717M.&
,81707-,1748&7?&2,A-.8.2&VK&,&57?14/K&43&/.-.,1.2&3,7:9/.?&14&,22/.??&?905&7??9.?&.33.017M.:KW&
%5.&24A78,81&/.-./147/.&43&15.&4/=,87>,1748&0,8&0/.,1.&,&04A-.1.80K&1/,-&15,1&,01?&,?&,&V,//7./&
14&._-:4/.&8.N&,M.89.?&15,1&A7=51&N4/J&,82&0/.,1.&V.11./&3919/.?&B).M711&P&],/05@&ERSSFW&#?&,&
/.?9:1@&0./1,78&7??9.?&A,K&V.&-./0.7M.2&,?&Y149=5Z&4/&YN70J.2Z&,82&15./.34/.&:.??&,--.,:78=&&
BI./A,,J@&CDECFW&H4N.M./@&,&:,0J&43&?9/3,0.&,--.,:&24.?&841&8..2&14&04//.?-482&N715&,&:,0J&43&
=.8./,17M71KW&%49=5&7??9.?&34/0.&9?&14&._-,82&,01748&-4??7V7:717.?&VK&?192K78=&15.A&78&N,K?&15,1&
4M./04A.&49/&5,V719,:&,82&-./5,-?&-.??7A7?170&982./?1,8278=?W&!4.?&157?&?9==.?1&15,1&,&N72./&
/,8=.&43&7??9.?&0,8&V.&,22/.??.2&N715&,--/.07,17M.&78U97/Kd&#82&73&?4@&24.?&15,1&?9==.?1&
2733./.81&05,8=.&2.?7=8?&,?&N.::d&
&
C+"%$#-),T+/"I]+-$),)#"^"F+B+3%'0+)2J"'$%.+**+*",)"0-)5"F&2.1"+06-**,+*7"C+"(%&)/"21-2"
21+"2%',.*"21+"'-$2,.,'-)2*"2+)/+/"2%"$-,*+="4+$+",**&+*"21-2"/,/")%2"3+)/"21+0*+3B+*"(%$"
,))%B-2,%)7"M&.1",**&+*"1-/"+,21+$"3,0,2+/"0+-),)#"2%"21+0="3,223+".%))+.2,%)"2%"21+,$"-.2&-3"
4%$9"%$"3,223+".%))+.2,%)"2%"$+*'%)*,6,3,2,+*"21+5"4-)2+/"2%"2-9+"%)7"81,*"214-$2+/"21+".1-)#+"
'$%.+**"6+.-&*+"21+$+"4-*")%"$+-3"/$,B+=")%"$+3+B-).+"%$")%"%4)+$*1,'7"!)"+A-0'3+"%("3,223+"
/$,B+"4-*"21+"I-$.1,B,)#J",**&+",)"_#-)/-7":2"4-*"21+"(,$*2",**&+"%)"21+"-#+)/-"-)/"+B+$56%/5"
21%&#12",2"4-*",0'%$2-)2"6+.-&*+"-$.1,B+*"4+$+"-"0+**="6&2")%6%/5"B%3&)2++$+/"2%"-//$+**"21,*"
I/,**-2,*(,+$7J"!)"+A-0'3+"%("&).3+-$"$+3+B-).+"2%"/-,35"4%$9"4-*"21+"I-20%*'1+$+"-)/"$+*'+.2J"
,**&+",)"`+)5-7"81,*",**&+"*++0+/"2%"6+"+)/3+**K")%"0-22+$"41-2"21+5"/,/="21+$+"4-*"-34-5*"
*%0+6%/5"41%"(+32"-"3-.9"%("$+*'+.2"%$"4-$0217"U%4"21,*"-((+.2+/"21+,$"B-3&+".$+-2,%)"2%"%&2*,/+"
*2-9+1%3/+$*"4-*")+B+$"/,*.&**+/7"!)"+A-0'3+"%("3,223+"%4)+$*1,'".%).+$)*"#$,+B-).+*",)"a+0+)"
-6%&2"I1+-/H&-$2+$*J",)"81+"U-#&+"41+$+"21+"0,),*2+$",)2+)/+/"2%"/,*.%)2,)&+"6,3-2+$-3"-,/"
4,21"21+".%&)2$57"81+"+06-**5"1-/"#%%/"$+-*%)*"2%"*+.%)/"#&+**"21,*")+4"'%3,.5K"21+"
V+21+$3-)/*"4-*"%)+"%("21+"(+4"6,3-2+$-3"/%)%$*"3+(2=",2"1-/"-"3%)#"'%*,2,B+"2$-.9"$+.%$/"-)/"
a+0+)"1-/"0-)5"0+-),)#(&3"/+B+3%'0+)2-3",**&+*7"U%4+B+$="21+"+06-**5"/+(,)+/"21+",**&+"
%&2*,/+"21+,$".,$.3+"%(",)(3&+).+K"21+5".%0'3-,)+/"$-21+$"21-)"-.2+/7"GB+$"2,0+"4+"-*"(-.,3,2-2%$*"
3+-$)+/"2%"6+".$,2,.-3"%("2%',.*"21-2"/,/")%2"-33%4"(%$"#+)+$-2,B+",)H&,$57"C+"0-/+"&'"21$++"
.$,2+$,-"21-2"1+3'+/"*+3+.2"2%',.*"0%$+"4%$215"%("+)#-#+0+)27";<":*"-)",**&+"I1%2J"+)%&#1"(%$"
'-$2,.,'-)2*Q"!"3-*2,)#",)B%3B+0+)2"$+H&,$+*"'-$2,.,'-)2*"2%".-$+"+)%&#1"-6%&2"-)",**&+K",2")++/*"
2%"6+"-"I*-2,*(,+$J"$-21+$"21-)"-"I/,**-2,*(,+$7J"><":*"-)",**&+"$+3+B-)2"+)%&#1Q"\+3+B-).+"

EE&
&
!"#$%&'()*&
+,-./&,00.-1.2&34/&15.&67,889,:&;81./8,1748,:&<483./.80.&48&'/=,87>,1748,:&!7?049/?.@&#A?1./2,A&BCDECF&
&

,).$+-*+*"41+)"B-3&+",*"-//+/"(%$"%&2*,/+"*2-9+1%3/+$*7"81,*"3+#,2,0,T+*"21+"+A2$-"+((%$27":)"
.%)2$-*2=",))%B-2,)#"6+.-&*+"I,2D*"),.+J")+B+$"3-*2*7"?<"F%"21+"'-$2,.,'-)2*"/+.3-$+"21+",**&+*"
4,21,)"21+,$"/%0-,)Q"M,).+"2%&#1",**&+*"%(2+)"2$-)*.+)/"*,3%*"%$"2-*9*="*5*2+0"3,0,2*"-$+"%'+)"2%"
/+6-2+7"81+$+",*"-34-5*"-"#%%/"-$#&0+)2"2%"6+"0-/+"21-2"%21+$*"*1%&3/"-.2"(,$*27"81+"(3,'*,/+",*"
21-2"'-$2,.,'-)2*"-$+"($++"2%"/+(,)+",**&+*"4,21,)"21+,$"/%0-,)"-)/"2-9+"$+*'%)*,6,3,257"81+"21$++"
.$,2+$,-"+)-63+/"#$+-2"/,*.&**,%)*"4,21"'-$2,.,'-)2*"-6%&2"41-2"$+-335"0-22+$+/"2%"21+0"
$+#-$/3+**"%("-)",**&+D*"*&$(-.+"-''+-37"[)#-#,)#"4,21"*&.1",**&+*"-33%4+/"(%$"0%$+",))%B-2,B+"
-)/"3-*2,)#".1-)#+*7"&

;1&0,8&V.&.A-4N./78=&14&/.?7?1&15.&-,/1707-,81?[&37/?1&05470.&43&14-70?W&;??9.?&15,1&,/.&9/=.81&,82&
15,1&15.&4/=,87>,1748&J84N?&54N&14&,22/.??&0,8&.,?7:K&1,J.&-/.0.2.80.&4M./&7??9.?&15,1&,/.&
/.:.M,81&V91&-./?7?1&/.=,/2:.??&M,:7,81&.334/1?W&%57?&7?&.?-.07,::K&15.&0,?.&N715&149=5&7??9.?&15,1&
,/.&05,/,01./7>.2&VK&57=5&0481.81\&,82&?407,:&04A-:._71K&BI./A,,J@&CDDRFW&Q905&04A-:._71K&7?&
431.8&=/.,1.?1&78&15.&A72?1&43&15.&4/=,87>,1748[?&-/7A,/K&-/40.??&N5./.&A4?1&3,014/?&,82&,014/?&
781./,01W&;1&7?&5./.&15,1&,22.2&M,:9.&7?&1,8=7V:K&-/4290.2&14&491?72.&?1,J.54:2./?W&;1&7?&,:?4&5./.&
15,1&-/43.??748,:?[&-/72.&,82&-,??748&7?&78M4J.2W&#?&,&/.?9:1@&15.?.&7??9.?&A,K&-41.817,::K&V.&15.&
A4?1&/.N,/278=&14&,22/.??@&N5705&7?&N5K&H,/-,>&BCDD`F&:,V.:?&?905&04A-:._&7??9.?&,?&Y3./17:.&
U9.?1748?WZ&&$4/&78?1,80.@&7A-/4M78=&-,17.81&0,/.&78&/.,:&17A.&78&,&54?-71,:&?.1178=&A7=51&V.&48.&
43&15.&149=5.?1&7??9.?&14&5,82:.@&V91&71&7?&,:?4&57=5:K&/.N,/278=&,82&48.&43&15.&?1/48=.?1&/.,?48?&
N5K&.A-:4K..?&0544?.&14&N4/J&78&5.,:15&0,/.W&$./17:.&,82&N70J.2&._-./7.80.?&0,8&V.&/.=,/2.2&
,?&1N4&?72.?&43&15.&?,A.&0478W&i8,V:78=&-,/1707-,81?&14&._-./7.80.&15.&Y3./17:.Z&?72.&43&04A-:._&
7??9.?&?..A?&14&V.&,&=.8./,17M.&781./M.81748W&&

X.&-/4-4?.&14&780:92.&7??9.?&N715&M,/K78=&?9/3,0.&,--.,:&,82&04A-:._71K&,?&-4??7V:.&
,337/A,17M.&14-70?W&n.K&7?&15.7/&=.8./,17M.&-41.817,:&,82&15.&.8159?7,?A&15.K&0,8&B?448./&4/&
:,1./F&.M4J.W&%4-70?&15,1&5,M.&841&/.0.7M.2&A905&,11.81748@&15,1&,--.,:&14&-/43.??748,:?[&-/72.&
,82&-,??748&,82&15,1&/.U97/.&7884M,17M.&1549=51&,82&,01748&?549:2&V.&-/7A.&0,8272,1.?&34/&
78U97/KW&X.&,:?4&-/4-4?.&14&?..&15.&?.:.01.2&14-70?&,?&2.?7=8&78270,14/?k&2733./.81&1K-.?&43&
7??9.?&0,8&7A-:K&2733./.81&1K-.?&43&05,8=.&2.?7=8W&$4/&78?1,80.@&15.&1K-.&43&&Y/.:,1748,:&
.8=,=.A.81Z&2.-.82?&=/.,1:K&48&15.&1K-.&43&7??9.&?.:.01.2W&;3&K49&N,81&14&?192K&,8&
4/=,87>,1748[?&72.8171K&,82&-9/-4?.@&71&A,J.?&=442&?.8?.&14&78M71.&,::&.A-:4K..?&,82&._1./8,:&
?1,J.54:2./?W&691&73&K49&0544?.&14&3409?&48&7884M,1748&43&-/7A,/K&-/40.??.?&N715&0:7.81?&,82&
04::.,=9.?@&71&A,J.?&A4/.&?.8?.&14&N4/J&48&15.&?54-&3:44/&N715&154?.&27/.01:K&78M4:M.2&78&2,7:K&
4-./,1748?W&&&

./0%+)&'$'6#$)%'*%$")%8"#2&)-%%
#--/.07,17M.&78U97/K&0/.,1.?&J84N:.2=.&15,1&5.:-?&A.AV./?&43&,&?K?1.A&14&?5,-.&15.7/&/.,:71K&
,004/278=&14&15.7/&4N8&7A,=78,17M.&,82&A4/,:&-9/-4?.?&B<44-.//72./&P&Q/7M,?1M,@&ERST@&-W&EcEFW&

EC&
&
!"#$%&'()*&
+,-./&,00.-1.2&34/&15.&67,889,:&;81./8,1748,:&<483./.80.&48&'/=,87>,1748,:&!7?049/?.@&#A?1./2,A&BCDECF&
&

#?&,&=.8./,17M.&-/4M40,1748&71&N,81?&14&05,::.8=.&,82&U9.?1748&15.&?1,19?&U94&,82&78M71.&,::&
78M4:M.2&Y7814&8.N&N4/:2?&43&A.,878=&,82&,01748Z&BO./=.8@&ERRR@&-W&EEcFW&&6.0,9?.&43&157?&
84/A,17M.&,82&.A,807-,14/K&?1,80.@&,--/.07,17M.&78U97/K&5,?&V..8&0,::.2&,&Y-4?717M.&/.M4:91748&
78&05,8=.Z&B<44-.//72./&P&X5718.K@&CDDDFW&$/4A&,&27,:4=70&-./?-.017M.&-4N./&-/40.??.?&,/.&
?..8&,?&0.81/,:&14&15.&0/.,1748@&27??.A78,1748&,82&05,8=.&43&/.,:71K&?5,-78=&27?049/?.?&
B],/?5,J&P&O/,81@&CDDS@&QETFW&;8&,--/.07,17M.&78U97/K&-/,0170.&54N.M./@&-4N./&2K8,A70?&A,K&
V.&24N8-:,K.2&VK&.U9,178=&27?:42=A.81&N715&7A,=78,1748&,82&,017M7?A&N715&-,/1707-,1748W&
%54?.&N54&0/717U9.&15.&,--/.07,17M.&,--/4,05&,/=9.&34/&78?1,80.@&15,1&?905&V7,?&A,K&4V?09/.&
,82&A,781,78&._7?178=&-4N./&2733./.80.?&VK&?7:.8078=&0/7170,:&M470.?&,82&VK&-/4M7278=&.:71.?&N715&
,&8.N&144:&34/&A,87-9:,1748&,82&0481/4:&BG,82..&P&<44-.//72./@&CDDS@&-W&EREFW&(41&2.,:78=&N715&
-4N./&2K8,A70?&,82&78?17191748,:&34/0.?&N49:2&/.82./&,--/.07,17M.&78U97/K&48:K&M7,V:.&N5.8&
14-\A,8,=.A.81&7?&._-:7071:K&:.=717A7>78=&27?:42=A.81&43&._7?178=&72.,?&,82&-/,0170.?W&%57?&
N49:2&27A787?5&15.&?04-.&43&,--/.07,17M.&78U97/K&-/,0170.W&<,8&,--/.07,17M.&78U97/K&V.&43&M,:9.&
f9?1&,?&A905&4/&.M.8&A4/.&N5.8&71?&-/40.??&,82&49104A.?&,/.&0481/4M./?7,:d&&&
&
:)"-"*+0,)-$"4+"2-&#12"%)"/+-3,)#"4,21"I2%&#1",**&+*=J"-"'-$2,.,'-)2"6$%&#12",)"-)",**&+"1+"
.-$+/"-6%&2"-)/"*2$&##3+/"4,217":2".%).+$)+/"21+"+$%/,)#"2$&*2".3,+)2*"1-/",)"1,*",)*&$-).+"
.%0'-)57"81+"2%'"%("1,*"%$#-),T-2,%)"4-)2+/"2%"+06-$9"%)"-"W\".-0'-,#)"2%".%)B,).+".3,+)2*"%("
,2*"2$&*24%$21,)+**"-)/"1+"4-*"-*9+/"2%",0'3+0+)2",27"81,*"/,/")%2"(++3"H&,2+"$,#12"2%"1,07"U+"2%3/"
21+"*2%$5"%("1%4"1+"$+.+)235"1+3'+/"-"(%$0+$".3,+)2"2%"4$,2+"3+22+$*"2%"1,*",)*&$-).+".%0'-)5"
41+)"21+5"/,/)D2".%0'+)*-2+"/-0-#+*"1,*",)*&$-).+"'%3,.,+*"*1%&3/"1-B+".%B+$+/7"U+"4-*"
.%)(3,.2+/"-6%&2"21,*"-*"1,*"-**,*2-).+"4-*".-&*,)#"1,*".%0'-)5"2%"3%*+"0%)+57"C+"*&##+*2+/"
21-2"0,A+/"3%5-32,+*"0,#12"6+"'-$2"%("21+"'$%(+**,%)"%(",)*&$-).+"*-3+*0+)7"81,*"6$%&#12"-"
/,3+00-"2%"21+"*&$(-.+K"1+"*1-$+/"1%4",2"4-*")%2"3+#,2,0-2+"(%$",)*&$-).+"*-3+*0+)"2%"4+,#1"
21+*+"/,((+$+)2",)2+$+*2*"21+0*+3B+*"(%$"+-.1",)/,B,/&-3".-*+7"!33"*&.1"/+.,*,%)*"4+$+"3-,/"/%4)",)"
.%0'-)54,/+"$&3+*"-)/"'$%.+/&$+*="-*"21+".%0'-)5"(+-$+/"21-2",("-)5"*-3+*0-)"4-*"0%$+"
3+),+)2"4,21"1,*".3,+)2"21-)"%21+$*="21,*"0,#12"3+-/".3,+)2*"2%"/+0-)/"21+"*-0+"'$+(+$+)2,-3"
2$+-20+)2"-)/".3-,0*"4%&3/"*95$%.9+27":)"*1%$2K"21+"'$%(+**,%)-3"O&/#0+)2"%(",)/,B,/&-3"
*-3+*0+)"1-/"6++)"$+'3-.+/"65".%0'-)54,/+"$&3+*"0-/+"4,21"'$,0-$,35"21+".%0'-)5D*",)2+$+*2*"
,)"0,)/7"81,*"$-,*+/"21+"H&+*2,%)"41-2"-".3,+)2"4%&3/"2$&*2"0%*2K"21+,$"/,$+.2"+A'+$,+).+"4,21"
,0'+$*%)-3"$&3+*"+)(%$.+/"65",)*&$-).+"(,$0*="%$"21+"W\".-0'-,#)"21-2"*2-2+/"21+".%0'-)5"
.-$+/"*2$%)#35"(%$",2*".3,+)2*"-)/"4%&3/"#%"%&2"%(",2*"4-5"2%"0-9+"21+,$"3,B+*"+-*,+$7"[B+$56%/5"
-22+)/,)#"21+"*+0,)-$".%).3&/+/"21+5"4%&3/"2$&*2"21+,$"%4)"+A'+$,+).+"-)/"21-2"21+"W\"
.-0'-,#)"4-*".-0%&(3-#,)#"21+".%0'-)5D*"%)+"*,/+/"3%5-325"-)/"3%*2"'$%(+**,%)-3,*07"81+"
'-$2,.,'-)2"(+32",)*',$+/"65"21+"'%**,6,3,25"2%"6$,)#"'$%(+**,%)-3*"-)/"21+,$"$+3-2,%)*1,'*"4,21"
.3,+)2*"6-.9".+)2+$"*2-#+7"U+"4+)2"6-.9"2%"1,*".%0'-)5="*&##+*2,)#"2%",)H&,$+",)2%"21,*"
'%**,6,3,25",)"$+3-2,%)"2%"21+"I2$&*2J",**&+7"81,*"4-*")%2"0+2"4,21"+)21&*,-*0"65"21+"2%'"%("21+"

Ee&
&
!"#$%&'()*&
+,-./&,00.-1.2&34/&15.&67,889,:&;81./8,1748,:&<483./.80.&48&'/=,87>,1748,:&!7?049/?.@&#A?1./2,A&BCDECF&
&

%$#-),T-2,%)7"81+5"'+$.+,B+/"*&.1",)H&,$5"2%"6+"/-)#+$%&*"-)/",2*"%&2.%0+"&)'$+/,.2-63+7"81+5"
,)*,*2+/"%)",0'3+0+)2,)#"21+"W\".-0'-,#)7"81+"'-$2,.,'-)2".%)2$,6&2+/"-*"3,223+"-*"'%**,63+"2%"
21+".-0'-,#)7":)*2+-/"1+"*2-$2+/"-)",)(%$0-3",)H&,$5"4,21"1,*"/,$+.2".%33+-#&+*7"81+5"4+$+"
2$,##+$+/"65"21+"H&+*2,%)"1%4"'+%'3+=")%2"$&3+*=".%&3/"0-9+".$&.,-3"/+.,*,%)*",)"21+,$"/-,35"
,)2+$-.2,%)*"4,21".3,+)2*"-)/"1%4"21+5".%&3/"$+.3-,0"'$%(+**,%)-3"$+*'%)*,6,3,257"
"
%5.&0,?.&7::9?1/,1.?&54N&78U97/K&A,K&V.&V415&27?/9-17M.&,82&=.8./,17M.@&N5./.&15.&+"&0,A-,7=8&
,?&,&YA4/.&43&15.&?,A.Z&.334/1&7?&8.715./W&i8=.?1/jA&BCDDEF&?9==.?1?&15,1&0481/,2701748?&,/.&15.&
2/7M78=&34/0.&V.5782&,8K&7884M,1748W&X5.8&15.K&V.04A.&15.&5.,/1&43&78U97/K@&05,80.?&780/.,?.&
43&?9/3,078=&,82&V/.,J78=&._7?178=&3/,A.?W&%57?&0,8&.,?7:K&?4:7071&04981./\-/.??9/.?&14&J..-&15.&
?1,19?&U94&78&-:,0.W&;1&A,K&V.04A.&/7?JK&14&/,7?.&0./1,78&U9.?1748?&,82&-.4-:.&A,K&0.8?4/&
15.A?.:M.?&78&1./A?&43&N5,1&15.K&4-.8:K&?,K&,82&24W&'/=,87>,1748,:&?7:.80.&7?&15.8&J.-1&,/4982&
15.&7??9.?&15,1&A,K&A,11./&A4?1&B]4//7?48&P&]7::7J.8@&CDDDFW&;8&?905&?719,1748?&05,8=.&,=.81?&
8..2&,A-:.&-4:7170,:&04A-.1.80.&14&3,07:71,1.&V/.,J15/49=5?&BH,/2K&P&<:.==@&ERRcFW&64f.&BCDED@&
-W&CeRF&,2M40,1.?&,8&,::7,80.&V.1N..8&Y0/7170,:&78U97/KZ&,82&,--/.07,17M.&78U97/K@&YN5./.VK&15.&
34/A./&5.:-?&0:7.81?&14&2.048?1/901&15.&.AV.22.2@&24A78,81&8,//,17M.?@&15,1&4--/.??&
7827M729,:[?&4/&4/=,87>,1748[?&:73.&14&4-.8&,&?-,0.&34/&,--/.07,17M.&78U97/K&14&04,:.?0.&,&8.N&
a-4?717M.[&?14/K&491&43&,::&15.&,01?&43&/.?7?1,80.&A,/=78,:7>.2&4/&491/7=51&./,?.2&VK&15.&24A78,81&
8,//,17M.&4/2./WZ&#8415./&,--/4,05&N49:2&V.&14&._-:4/.&15.&7??9.&04M./1:K&/,15./&15,8&4M./1:Kk&
14&=4&Y982./&15.&/,2,/Z&,82&0481789.&15.&78U97/K&15./.&N5./.&V,0J:,?5&43&24A78,81&04,:71748?&7?&
:.??&27?/9-17M.&Bn.:A,8@&CDD`FW&%5.&A,/=78&43&15.&4/=,87>,1748&159?&V.04A.?&15.&V/..278=&
=/4982&34/&/.,:&7884M,1748W&&&
&
X.&-/4-4?.&14&780:92.&15.&78?17191748,:&27A.8?748&43&,&?719,1748,:&0481._1&,?&,&2.?7=8&78270,14/&
VK&048?72./78=&15.&:.=717A,0K&43&15.&-9/-4?.&,82&-/40.??&43&05,8=.&N71578&15.&?K?1.AW&<,8&
05,8=.&048M./?,1748?&V.&4M./1:K&0482901.2&N71578&15.&24A,78&43&24A78,81&-/,0170.&4/&7?&15./.&
,&8..2&34/&A4/.&04M./1&05,8=.&78717,17M.?d&#/.&05,8=.&,=.81?&-,/1&43&15.&-4N./&.:71.&4/&,/.&15.K&
:.??&78?17191748,::K&.AV.22.2&,014/?&N54&/.-/.?.81&15.&A,/=78,:7>.2&M470.?d&!4&15.K&5,M.&15.&
04A-.1.80K&14&0/.,1.&M7,V:.&048271748?&34/&05,::.8=78=&15.&?1,19?&U94d&#??.??78=&15.&:.=717A,0K&
43&,&1/,8?34/A,17M.&05,8=.&0,8&159?&,??7?1&15.&2.?7=8&,82&2.3.8?.&43&,&M7,V:.&,--/.07,17M.&
78U97/K&-/40.??W&&

!"#$%'*%$")%)9'*$'2&%8"#2&)%8#7#8'$:-%
)7J.&415./&34/A?&43&27,:4=70&'!@&,--/.07,17M.&78U97/K&5,?&,&0480./8&34/&0,-,071K&V97:278=&,82&
2.M.:4-A.81&43&,&59A,8&?K?1.A&B69?5.&P&],/?5,J@&CDDR&-W&ecDFW&6,//.11&,82&$/K&BCDD`F&34/&
78?1,80.@&2.?0/7V.&,--/.07,17M.&78U97/K&,?&,&-/40.??&43&&V97:278=&044-./,17M.&0,-,071K&34/&
._0.::.80.&,82&7884M,1748W&Q905&=/4N78=&0,-,071K&7?&2.378.2&,:48=&15.&1N4&781.//.:,1.2&

Eb&
&
!"#$%&'()*&
+,-./&,00.-1.2&34/&15.&67,889,:&;81./8,1748,:&<483./.80.&48&'/=,87>,1748,:&!7?049/?.@&#A?1./2,A&BCDECF&
&

27A.8?748?&43&15.&Y.:.M,1748&43&78U97/KZ&,82&15.&Y._1.8?748&43&/.:,1.28.??Z&B<44-.//72./&P&
Q.J./J,@&CDDeFW&69?5.&BCDEEF&.A-5,?7>.?&15.&7A-4/1,80.&43&?.:3\4/=,87>78=&0,-,V7:717.?&14&
5.7=51.8&15.&1/,8?34/A,1748,:&7A-,01&43&,--/.07,17M.&78U97/K&78717,17M.?W&%57?&57=5:K&-,/1707-,17M.&
?1,80.&,:?4&0/.,1.?&,&27:.AA,k&15.&A4/.&7884M,17M.&,8&,--/4,05&7?&4/&15.&A4/.&7884M,1748&,8&
7??9.&/.U97/.?@&15.&A4/.&?J7::39:&-,/1707-,81?&8..2&14&V.&14&-9::&71&433W&#&054?.8&05,8=.&2.?7=8&
48:K&04A.?&1/9:K&,:7M.&VK&._.09178=&71&78&2.-15&,82&048=/9.81:K&B!98-5K@&ERRcFW&X5.8&-.4-:.&
:,0J&,2.U9,1.&._-./17?.@&71&0,8&.,?7:K&:.,2&14&A.2740/71K&,82&27?,--4781A.81W&#--/.07,17M.&
78U97/K&37/A:K&-4?71748?&71?.:3&,?&,8&,--/4,05&N5./.&-,/1707-,81?&,/.&841&4Vf.01?&43&05,8=.@&V91&
?9Vf.01?&N54&,/.&78&15.&:.,2&B6,/198.J&P&Q-/.71>./@&CDDcFW&%57?&/,7?.?&15.&U9.?1748&N5.15./&15.&
,--/.07,17M.&78U97/K&-/7807-:.?&0,8&48:K&/.,::K&04A.&14&:73.&N715&-,/1707-,81?&N54&,:/.,2K&5,M.&,&
57=5&0,-,071K&14&78U97/.@&/.:,1.&,82&4/=,87>.&34/&05,8=.W&;3&?4@&?549:2&,--/.07,17M.&78U97/K&V.&
:7A71.2&14&?905&1,/=.1&=/49-?d&'/&?549:2&48.&?.11:.&34/&A.2740/71K&N5.8&?905&0,-,071K&7?&841&
-/.\._7?1.81d&&
&
]+2D*"6$,+(35".%)2$-*2"24%".-*+*"2%"*1+/"*%0+"3,#12"%)"21,*"H&+*2,%)7"G)+",*"-".,25",)"21+"
V+21+$3-)/*"41+$+"+B+)"21+"0%*2"6-*,."%'+$-2,%)-3"'$%.+**+*"-$+"%&2"%(".%)2$%37":2"1-*"-"3%)#"
1,*2%$5"%(")+#3+.2"-)/"'+%'3+"(++3"/+(3-2+/"65"0-)5"(-,3+/"-22+0'2*"2%"*+2"21,)#*"$,#127":)"%&$"
/+-3,)#*"4,21"21,*".,25"4+"(,)/"21-2"'+%'3+"1-B+"3+-$)+/")%2"2%"3+-$)7"81+5"2+)/"2%"+,21+$"2&$)"-"
63,)/"+5+"%$"2%".%0+"&'"4,21"1&#+"'$%O+.2*"21-2"4,33"I0-#,.-335J"(,A",2"-337"V+,21+$"1-*"1+3'+/"
21+0"0++2"21+,$".1-33+)#+*="6&2"$+(3+.2,)#"%)"21,*",*"$-$+7"C1+)"21+5"2$5="21,*"3+-/*"2%"63-0+"
#-0+*"-*"2%"41%",*"$+*'%)*,63+"(%$"21,*"*2-2+"%("-((-,$*7"!*"-"$+*&32="21+5"1-B+"3+-$)+/"2%"
*&''$+**"*&.1"$+(3+.2,%)7"81+5"9++'"/%&62*"%$"H&+*2,%)*"-6%&2"41-2"21+5"-$+"/%,)#"2%"
21+0*+3B+*7"C+"-$+")%4"3+#,2,0,T,)#"*&.1"$+(3+.2,B+",)H&,$5",)"*0-33"#$%&'*"%("'+%'3+"41%")++/"
2%".%33-6%$-2+".3%*+357":2",*"-"21%&#12(&3"'$%.+**"2%"$+*2%$+"21+"6-*,."(&).2,%)*"%("21+"
%$#-),T-2,%)7":2",*")%2"-6%&2",))%B-2,)#"4,21"3+-'*"-)/"6%&)/*"2%".$+-2+"6%3/"(&2&$+*7"8%#+21+$"
4+"+*2-63,*1"41-2".%)*2,2&2+*"I)%$0-3J"6+1-B,%$"-)/"$++*2-63,*1"-".%33-6%$-2,B+"*',$,27":2",*")%2"
-6%&2"+06$-.,)#"/,B+$*,25"%$"*&''%$2,)#"+)2$+'$+)+&$,-3"/+B,-).57"Z-9,)#"0+-),)#(&3"6&2"*0-33"
,0'$%B+0+)2*",)"*2+'"4,21"21+,$".&$$+)2".-'-.,2,+*"-33%4*"21+0"2%"*&..++/"-)/"6&,3/".%)(,/+).+="
41+$+-*"%B+$2-A,)#"21+,$"-6,3,2,+*"1-*"3+/"(%$"0-)5"5+-$*"2%"(-,3+/".1-)#+*"-)/"#$%4,)#"
.5),.,*07""

:)".%)2$-*2="4+"'$+*+)2"-)%21+$".-*+7"81,*",)B%3B+*"-")+24%$9"%(".1-)#+"-#+)2*".$%**.&22,)#"
/,((+$+)2"(,+3/*"-)/"'$%(+**,%)*7"81+5".%0+"2%#+21+$",)"-"3+-$),)#".%00&),257"81+5"*++"
I.1-)#+J"-*"21+,$".%00%)"B%.-2,%)7"C+"'3-5"-"$%3+"-*"I*1-/%4N.%)*&32-)2*J"1+3',)#"21+0"2%"
21,)9"21$%&#1"21+,$".1-33+)#+*"-2"4%$9"-)/"2%"2-9+"%)"-)"-.2,B,*2"$%3+"-*".1-)#+"-#+)2*7"81+"
)+24%$9",*"-"*'-.+"2%"6+",)*',$+/="2%"1+3'"+-.1"%21+$"-)/"2%"-.H&,$+")+4"'+$*'+.2,B+*"(%$"-.2,%)7"
Y-.9"-2"21+,$"4%$9"21+5"&*+"*&.1")+4",)*,#12*"2%",),2,-2+",)H&,$5"-)/"+A'+$,0+)2-2,%)"-$%&)/"

E`&
&
!"#$%&'()*&
+,-./&,00.-1.2&34/&15.&67,889,:&;81./8,1748,:&<483./.80.&48&'/=,87>,1748,:&!7?049/?.@&#A?1./2,A&BCDECF&
&

.%0'3+A",**&+*"4,21"21+,$".%33+-#&+*"-)/".3,+)2*7"M%0+"4%$9"2%".$+-2+"*-(+".,25")+,#16%$1%%/*="
%21+$*"2%"2$-)*(%$0"+)B,$%)0+)2-3"-/B%.-.5"#$%&'*"%$"$+B,2-3,T+".-$+"(%$"21+"+3/+$357"!33"%("21+0"
.1%%*+".1-33+)#,)#",**&+*"2%"4%$9"%)"-)/"$+(&*+"2%"*+223+"(%$"1%4"+((+.2,B+"21+5"-)/"21+,$"
%$#-),T-2,%)*"1-B+"6++)"*%"(-$7"C1+)"21+"'-$2,.,'-)2*"%("21,*"#$%&'"-$+".%)($%)2+/"4,21",**&+*"
21+5"/%)D2"&)/+$*2-)/"%$"/%)D2"9)%4"1%4"2%"1-)/3+=",2"#+2*"21+0"0%2,B-2+/"$-21+$"21-)"
/+(3-2+/7"81+,$"/$,B+",*"2%"3+-$)"-*"4+33"-*"'+$(%$0"-)/"21+,$",/+)2,25",*"3,)9+/"2%"6%217"81+5"3,9+"
21+,$"4%$9")%2"6+.-&*+",2",*"+-*5="6&2"6+.-&*+",2",*"1-$/7"81+,$"3+-$),)#".-'-.,25"-33%4*"21+0"2%"
2-9+"$+*'%)*,6,3,25"(%$".%0'3+A".1-)#+7""

%5.?.&0,?.?&7::9?1/,1.&54N&0481/,?178=&,V7:717.?&,::4N&34/&M7,V:.&05,8=.&-/40.??.?&N715&?9Vf.01?&
78&15.&:.,2&78U97/78=&,82&._-./7A.8178=W&%5.&M7,V7:71K&7?&?,3.=9,/2.2&VK&J..-78=&15.&,AV71748&
:.M.:&78&05.0J&N715&15.&._7?178=&05,8=.&0,-,071K&?4&15,1&-,/1707-,81?&0,8&V97:2&48&15.7/&?900.??.?&
/,15./&15,8&4M./1,_&15.7/&,V7:717.?W&#--/.07,17M.&78U97/K&?./M.?&A9:17-:.&,AV71748?k&71&0,8&98.,/15&
:73.&0.81/70&-41.817,:?&,?&N.::&,?&V97:2&15.&0,-,071K&34/&78U97/K&,82&._-./7A.81,1748W&;8&15.&0,?.&
43&15.&071K&,2A787?1/,1748&N5./.&78U97/K&,82&/.:,1748,:&0,-,0717.?&,/.&?A,::@&V97:278=&154?.&A,K&
V.&A4/.&7A-4/1,81&15,8&/7=4/49?&78U97/KW&;8&15.&0,?.&43&15.&05,8=.&,=.81&8.1N4/J@&78?7?178=&48&
15.&/7=4/&43&78U97/K&7?&,&-4N./39:&N,K&14&05,::.8=.&,82&V97:2&-,/1707-,81?[&0,-,0717.?&39/15./W&;8&
V415&0,?.?&-,/1707-,81?&,/.&=972.2&14&=/,29,::K&1,J.&48&A4/.&:.,2./?57-&/4:.?&N5705&A,J.?&15.&
-/40.??&:.??&2.-.82.81&48&B491?72.F&3,07:71,1748W&$,07:71,14/?&8..2&14&3782&15.&/7=51&V,:,80.&
V.1N..8&:.,M78=&?933707.81&/44A&34/&-,/1707-,81?&14&:.,/8&14&?1.-&7814&15.7/&?54.?&,82&
?,3.=9,/278=&?933707.81&2.-15&,82&U9,:71K&43&78U97/K&15/49=5&._-./7.80.2&,82&0/,3139:&
3,07:71,1748W&I./A981&,82&I./:44-&BERRRF&:,V.:&?905&-/429017M.&V,:,80.&V.1N..8&0,-,071K&
2.M.:4-A.81&,82&/.?.,/05&/7=4/&,?&,&?1,1.&43&048?1/9017M.&272,0170&3/701748&15,1&.A-4N./?&V415&
-,/1707-,81?&,82&05,8=.&,=.81?W&&
&
X.&V.:7.M.&15,1&,--/.07,17M.&78U97/K&0,8&V.&M7,V:.&N715&=/49-?&N715&M,/K78=&05,8=.&0,-,071KW&
X.&-/4-4?.&15,1&048?72./78=&05,8=.&0,-,071K&,?&,&2.?7=8&78270,14/&,::4N?&34/&1,7:4/&A,2.&
2.?7=8?&,82&3,07:71,1748&15,1&917:7>.&,82&?1/.8=15.8&15.&._7?178=&04=8717M.&,82&/.:,1748,:&,V7:717.?&
14&.8=,=.&78&?1.,27:K&A4/.&04A-:._&-/40.??.?&43&04::,V4/,17M.&05,8=.W&&
&&
!$#+1##$5&<'=$-1,-"?'!"#$%&#'65*',&'())*"+$,-$."'!$,95%$+'())*5,+;'

X.&5,M.&,/=9.2&15,1&15.&-/7807-:.?&43&,--/.07,17M.&78U97/K&0,8&V.&1/,8?:,1.2&7814&A,8K&
2733./.81&05,8=.&2.?7=8?W&X.&5,M.&2.:78.,1.2&15/..&A,78&27A.8?748?&34/&157?&2.?7=8&78&1./A?&43&
54N&71?&:73.\0.81/70&3409?@&71?&?-7/71&43&78U97/K&,82&71?&/.:,1748,:&.8=,=.A.81&A,K&V.&-91&7814&
-/,0170.W&X.&-/4-4?.&15,1&?905&2.?7=8&05470.?&?549:2&V.&1,7:4/&A,2.&34/&.,05&?-.07370&0,?.W&n.K&
7?&14&,2,-1&,--/.07,17M.&78U97/K&-4??7V7:717.?&7814&2.?7=8?&15,1&371&N715&48=478=@&-/,0170,:&/.,:717.?W&
X.&5,M.&491:78.2&15/..&2.?7=8&78270,14/?&14&,??7?1&?905&,2,-1,1748k&15.&05470.&43&,337/A,17M.&

Ec&
&
!"#$%&'()*&
+,-./&,00.-1.2&34/&15.&67,889,:&;81./8,1748,:&<483./.80.&48&'/=,87>,1748,:&!7?049/?.@&#A?1./2,A&BCDECF&
&

14-70@&15.&:.=717A,0K&43&15.&05,8=.&,82&15.&._7?178=&0,-,071K&34/&05,8=.W&%5.&:78J&V.1N..8&
-/4-4?78=&,&05,8=.&2.?7=8&,82&982./?1,8278=&,&05,8=.&0481._1&7?&5,/2:K&?1/,7=5134/N,/2W&
!.-.82.81&48&15.7/&-./?-.017M.&,82&._-./7.80.@&05,8=.&,=.81?&N7::&,??.??&15.&?719,1748&
2733./.81:K&,82&N.7=5&15.&-/4?&,82&048?&43&0481/,?178=&2.?7=8&4-1748?&78&M,/749?&N,K?W&;1&7?&159?&
,&f92=A.81&0,::@&V91&-/.3./,V:K&,&048?0749?&48.@&?4&15,1&15.&/.,?4878=&V.5782&71&0,8&V.&
?0/91787>.2&VK&154?.&78M4:M.2k&24.?&71&?1,82&14&/.,?48&15,1&15.&-/4-4?.2&05,8=.&2.?7=8&7?&15.&
A4?1&.33.017M.&78&15.&09//.81&?719,1748d&&
&
%4&3,07:71,1.&15.&05470.&78&-4??7V:.&2.?7=8?&N.&-/4A41.&15.&2.M.:4-A.81&43&,&?719,1.2&,--/4,05&
14&,--/.07,17M.&78U97/K&-/,0170.W&X.&M7?9,:7>.&15.&/7058.??&43&048178=.81&-4??7V7:717.?&78&,8&Y#;\
?-,0.Z&B?..&$7=9/.&EWF&N5./.&15.&,_.?&,/.&15.&2.?7=8&78270,14/?&,82&0481/,?178=&05,8=.&2.?7=8?&
1,J.&9-&2733./.81&-,/1?&78&15,1&?-,0.W&%4&7::9?1/,1.&15.&-4781@&N.&5,M.&-:411.2&15/..&?905&2.?7=8?&
N71578&157?&Y09V.WZ&&&

&
$7=9/.&EW&#;&Q-,0.&

#&1K-70,:&Y#;&Q9AA71Z&7?&-:411.2&,?&,&05,8=.&2.?7=8&,1&15.&14-&43&15.&09V.&N5./.&15.&05,8=.&7?&
:.=717A7>.2&VK&14-&A,8,=.A.81W&%57?&,::4N?&34/&15.&-/40.??&14&V.&4M./1&,82&780:92.&,::&
?1,J.54:2./?&,?&15.&YN54:.&?K?1.A&78&15.&/44AWZ&;8&1./A?&43&415./&78270,14/?&:7J.&15.&

ET&
&
!"#$%&'()*&
+,-./&,00.-1.2&34/&15.&67,889,:&;81./8,1748,:&<483./.80.&48&'/=,87>,1748,:&!7?049/?.@&#A?1./2,A&BCDECF&
&

04A-:._71K&43&15.&7??9.&,82&15.&4/=,87>,1748[?&05,8=.&0,-,071K&N.&?..&2733./.81&1K-.?&43&
?9AA71?W&<4A-:._71K&A7=51&34/&78?1,80.&V.&?49=51&&VK&,&3982,A.81,:&,82&?K?1.A70&/.1578J78=&43&
15.&-9/-4?.&43&15.&4/=,87>,1748W&!.-.82.81&48&15.&/.:,1748,:&0,-,071K@&A,8,=.A.81@&
.A-:4K..?&,82&0:7.81?&A,K&V.&,V:.&14&.8=,=.&78&048M./?,1748?&N5./.&5,/2&U9.?1748?&,/.&,?J.2&
,82&?9V?.U9.81&27?04A34/1&7?&2.,:1&N715W&;8&A,8K&?9AA71&2.?7=8?&78U97/K&7?&A4/.&=.,/.2&
14N,/2?&,&?.8?.&43&N482./&15,8&,&?.8?.&43&/7=4/k&2,/78=&7A,=78,1748&,82&2.?7=878=&-4??7V:.&
3919/.?&54:2&0.81./&?1,=.W&%4&,019,:7>.&.8M7?748.2&-4??7V7:717.?@&,&?5731&78&05,8=.&2.?7=8&N7::&V.&
/.U97/.2&N5./.&/7=4/&04A.?&A4/.&14&15.&34/.3/481&,82&._-./7A.81,1748&V.04A.?&J.KW&#&3409?&
48&15.&37/?1&1N4&![?&4M./&15.&:,?1&1N4&![?&43&15.&b\!&0K0:.&7?&=.8./,::K&15.&0,?.&N715&,--/.07,17M.&
78U97/K&?9AA71?&,82&7?&,&-4781&43&0480./8&N5.8&15.&?9AA71&7?&/.=,/2.2&,?&,&?1,82\,:48.&05,8=.&
.334/1W&&

#8415./&1K-70,:&2.?7=8&N49:2&V.&Y982./&15.&/,2,/Z&._-./7A.81,1748&78&15.&2,7:K&-/,0170.?&43&,8&
4/=,87>,1748&VK&154?.&78M4:M.2W&%57?&7?&-:411.2&,1&15.&V4114A&43&15.&09V.&,?&157?&1K-.&43&
7884M,17M.&05,8=.&7?&04981./&14&15.&24A78,81&05,8=.&-/,0170.?&43&15.&4/=,87>,1748&,82&
15./.34/.&:,0J?&:.=717A,0Kk&15.&05,8=.&2.?7=8&.8=,=.?&Y-4?717M.&2.M7,81?Z&BX,//.8@&CDDeF&78&
?A,::&4-./,1748,:&=/49-?&,N,K&3/4A&15.&Y0.81./Z&43&15.&4/=,87>,1748&.8=,=78=&N715&7??9.?&15,1&
,/.&U971.&04A-:._W&%5.&:,11./&![?&43&2.?7=8&,82&2.?178K&,/.&A4/.&:.,278=&15,8&15.&![?&43&
27?04M./K&,82&2/.,AW&%5.&0,-,071K&43&154?.&78M4:M.2&5,?&14&V.&?933707.81&14&1,J.&48&3,07:71,17M.&
/4:.?&78&15.7/&2,7:K&._-./7A.81,1748&,82&14&A9?1./&.849=5&/.?.,/05&/7=4/&14&2./7M.&:.??48?&3/4A&
71W&i_1./8,:&3,07:71,14/?&0,8&5.:-&14&2.M.:4-&?905&0,-,071KW&&

#&157/2&1K-70,:&2.?7=8&N49:2&V.&,01748&/.?.,/05&VK&57=5:K&?J7::.2&-/,0171748./?&14&5,/M.?1@&._-,82&
,82&?54N0,?.&15.7/&-/,0170.?W&%57?&7?&-:411.2&,/4982&15.&3/481&/7=51&M./170,:&,_7?&43&15.&09V.k&
?905&,&?.:.01.2&=/49-&43&._-./7.80.2&05,8=.&,=.81?&5,M.&,&57=5&05,8=.&0,-,071K&,82&N,81&14&
3409?&48&A4/.&04A-:._&7??9.?W&;8&1./A?&43&05,8=.&2.?7=8&157?&7A-:7.?&,&3409?&48&/.?.,/05&/7=4/&
14&5,/M.?1&8.N&J84N:.2=.&15,1&V/78=?&15.&5722.8&378.??.?&43&15.7/&0/,31&14&:7=51W&%57?&N49:2&
780:92.&78U97/78=&7814&15.&Y?5,24NZ&43&15.7/&-/,0170.?&78&?.,/05&34/&=.8./,17M.&78?7=51?W&
!.-.82.81&48&/.?.,/05&14-70&,82&78?17191748,:&2K8,A70?@&15.&:.=717A,0K&43&?905&78U97/K&0,8&V.&,&
/.,:&7??9.W&</.,178=&:.=717A,0K&4M./&17A.@&15/49=5&?54N0,?78=&M,:9,V:.&72.,?&,82&=97278=&415./?&
78&1/K78=&154?.&491@&15.8&V.04A.?&-,/1&43&15.&78U97/K&2.?7=8W&&

;2"#28'2&%&)2)5#$'('$:%/,%#2:%#775)8'#$'()%'234'5:%75/8)**%
%5.&4/7=78,::K&?1,1.2&-/7807-:.?&43&,--/.07,17M.&78U97/K&5.:-.2&14&982./?1,82&YN5K&1578=?&N4/JWZ&
#?&17A.&N.81&48@&-.4-:.&N,81.2&14&J84N&Y54N&14&24&71Z&,82&15.&b\!&0K0:.&V.0,A.&15.&N72.:K&
,00.-1.2&05,8=.&34/A,1&N715&15.&Y?9AA71Z&,?&15.&N72.:K&,00.-1.2&05,8=.&,/.8,W&'15./&05,8=.&
2.?7=8?&,82&15.7/&3,07:71,1748&5,M.&/.0.7M.2&A905&:.??&,11.81748W&%5/49=5&,&:,0J&43&/705&
2.?0/7-1748?&43&,:1./8,17M.&,--/.07,17M.&&2.?7=8?@&N.&/7?J&15,1&15.&24A78,81&34/A,1&V.04A.?&

ES&
&
!"#$%&'()*&
+,-./&,00.-1.2&34/&15.&67,889,:&;81./8,1748,:&<483./.80.&48&'/=,87>,1748,:&!7?049/?.@&#A?1./2,A&BCDECF&
&

.U9,1.2&N715&,::&157?&,--/4,05&5,?&14&433./&,82&15,1&7A-:.A.81,1748?&V.04A.&N,1./.2&24N8&
M./?748?&43&71?&-41.817,:W&Y+,9071K&43&._-./7.80.Z&B).M711&P&],/05@&ERSSF&,82&:7A71.2&
982./?1,8278=&43&,--/.07,17M.&78U97/K[?&?9V1:.17.?&15.8&5,A-./&15.&0/.,17M.&1/,8?:,1748&43&71?&
-/7807-:.?W&$9/15./A4/.@&Y/.2982,80K&43&._-./7.80.Z&B7V72F&N715&0481/,270178=&/49178.&
,--/4,05.?&B:7J.&14-\24N8&A,8,=.2&05,8=.F@&78.M71,V:K&37::?&78&15.&._-./17?.&=,-?&N715&15.&
983,A7:7,/&,--/.07,17M.@&27,:4=70&,--/4,05W&X5,1&:44J?&:7J.&,8&7884M,17M.&.82.,M4/&A,K&78&
,019,:71K&15.8&5,/2:K&/.3:.01&15.&/7058.??&43&-4??7V:.&05,8=.&2K8,A70?@&N5705&A,K&:.,2&14&
27?,--4781A.81&78&15.&,--/4,05&,82&,&/.7834/0.A.81&43&5,V719,:&-/,0170.W&%57?&7?&9834/198,1.&73&
N.&N,81&14&-/4-.:&=.8./,17M.&-/40.??.?&43&4/=,87>,1748,:&05,8=.W&&
&
X715&49/&?719,1.2&,--/4,05&N.&?54N&15,1&A,8K&0481/,?178=&,--/.07,17M.&78U97/K&2.?7=8?&,/.&
3.,?7V:.W&X.&-/4-4?.&15,1&15.&=.8./,17M71K&43&,8K&,--/.07,17M.&78U97/K&-/40.??&2.-.82?&48&,&
0,/.39:&A,10578=&43&71?&982./:K78=&-/7807-:.?@&N715&,&048178=.81&,82&3:972&05,8=.&2.?7=8&,82&,&
0/,3139:&3,07:71,1748W&%5.&V/72=.&V.1N..8&-/7807-:.?&,82&05,8=.&2.?7=8&:7.?&78&15.&f92=A.81&N5,1&
N4/J?&V.?1&=7M.8&15.&?719,1748&,1&5,82W&%5.&V/72=.&V.1N..8&05,8=.&2.?7=8&,82&0/,3139:&
3,07:71,1748&:7.?&78&15.&,V7:71K&14&27?0./8&N5,1&.8,V:.?&=.8./,17M.&05,8=.&78&15.&5./.&,82&84N&,82&
N5,1&7?&8..2.2&14&A,J.&15.&-/40.??&48=478=W&&
&
<#8'+'$#$'2&%#775)8'#$'()%'234'5:%#*%1'#+/&'8%75#8$'8)%
%5/49=5491&157?&-,-./&N.&5,M.&9?.2&15.&8.91/,:&1./A&Y05,8=.&,=.81@Z&14&7A-:K&15,1&A,8K&0,8&
,82&?549:2&-:,K&,8&,017M.&/4:.&78&15.&=972,80.&43&,--/.07,17M.&78U97/K&78717,17M.?W&;82..2@&
04::,V4/,1748&78&78U97/K&7?&,&-7M41,:&U9,:71K&43&15.&,--/4,05&B<44-.//72./&,82&Q/7M,?1M,@&ERSTFW&
H4N.M./@&N.&,:?4&,0J84N:.2=.&15,1&?4A.&,/.&V.11./&M./?.2&78&N4/J78=&N715&,--/.07,17M.&
78U97/K&15,8&415./?&,82&A,K&V.&57/.2&VK&4/=,87>,1748?&34/&15.7/&Y._-./1Z&3,07:71,1748W&X5,1&,/.&
U9,:717.?&43&?905&-/43.??748,:&._-./17?.d&
&
Q4A.48.&N54&7?&,V:.&14&19/8&,--/.07,17M.&78U97/K&7814&,&0/,31&?549:2&37/?1&43&,::&V.&,N,/.&43&15.&
/705&/.-./147/.&43&1549=51&,82&,01748&15,1&7?&2.:78.,1.2&VK&71?&982./:K78=&15.4/7.?W&;8&4/2./&14&
917:7>.&157?&/.-./147/.@&15.&3,07:71,14/&?549:2&5,M.&15.&27,=84?170&?J7::&14&,??.??&15.&3.,?7V7:71K&43&
-4??7V:.&,--:70,1748?W&<4A78=&3/4A&,&048?1/9017487?1&-./?-.017M.@&48.&?549:2&982./?1,82&15,1&
?905&27,=84?7?&7?&8.M./&4Vf.017M.&,82&,:/.,2K&,8&781./M.81748&78&15.&48=478=&-/40.??&43&05,8=.W&&
!7,=84?7?&0,8&V.&.AV.22.2&78&,--/.07,17M.&78U97/K&,?&27,:4=70&,--/4,05@&N5.8&71&V.04A.?&,&
/.09//.81&14-70&43&05,8=.&7829078=&048M./?,1748?W&%5.&=972,80.&43&?5,/.2&U9.?174878=&43&N5,1&
A7=51&V.&8._1&V.?1&?1.-?@&,::4N?&34/&,&27M./?71K&78&-./?-.017M.?&78&?5,-78=&.A./=.81@&048178=.81&
2.?7=8?W&#&?J7::.2&3,07:71,14/&N7::&04AV78.&,&?.8?717M71K&14&15.&27?09/?7M.&/.,:A&43&4/=,87>,1748,:&
:73.&N715&,8&,V7:71K&14&89/19/.&27,:4=9.&,82&:,8=9,=.&B?14/K@&A.1,-54/&,82&7A,=./KF&15,1&A,K&

ER&
&
!"#$%&'()*&
+,-./&,00.-1.2&34/&15.&67,889,:&;81./8,1748,:&<483./.80.&48&'/=,87>,1748,:&!7?049/?.@&#A?1./2,A&BCDECF&
&

78?-7/.&,82&7834/A&05,8=.W&%57?&,V7:71K&780:92.?&15.&04A-.1.80.&14&-/4M4J.&,82&/.3/,A.&15.&
?1,19?&U94&VK&781.//9-178=&15.&24A78,80.&43&0./1,78&M470.?&,82&M40,V9:,/7.?W&&
&
%5./.&7?&N72.&?04-.&43&-4??7V7:71K&34/&,--/.07,17M.&78U97/K&,--:70,1748?&,82&N.&?9==.?1&15,1&=442&
3,07:71,1748&N7::&V.&,V:.&14&V/78=&491&,:?4&71?&A4/.&?9V1:.&,82&982./917:7>.2&2K8,A70?&,82&
-41.817,:?W&&H4N.M./@&N.&/.,:7>.&15,1&,1&?4A.&-4781&N.&A,K&4M./?1/.105&15.&,V7:717.?&43&15.&
3,07:71,14/&,82l4/&,--/4,05W&(..2.2&781./M.81748?&A,K&15.8&?7A-:K&3,::&491?72.&15.&V4982,/7.?&
43&49/&Y#;&09V.Z&B$7=9/.&EWFW&".,:7>78=&N5.8&157?&5,--.8?&,82&J84N78=&54N&14&15.8&-/40..2&7?&78&
71?.:3&,&?7=8&43&-/43.??748,:&?J7::W&&
:5&+91#$5&'
'
'M./&15.&:,?1&2.0,2.?&,--/.07,17M.&78U97/K&5,?&2.M.:4-.2&7814&,&N72.:K&9?.2&A.15424:4=K&34/&
4/=,87>,1748,:&78U97/K&,82&05,8=.W&;8&N4/J?54-?&,82&0483./.80.?&N.&84170.&,8&780/.,?78=&
89AV./&43&-/,0170,:&,--:70,1748?&15,1&?54N&0481/,?178=&,82&431.8&5KV/72&05,8=.&2.?7=8?W&%5.?.&
0,?.?&1K-70,::K&-,K&A4/.&,11.81748&14&15.&Y54NZ&43&05,8=.&3,07:71,1748&15,8&14&15.&=97278=&
/,1748,:.W&6.?1&J84N8&?054:,/:K&-9V:70,1748?&48&15.&415./&5,82@&-,K&A4/.&,11.81748&14&
15.4/.170,:&982./-78878=?&,82&,&3.N&24A78,81&05,8=.&2.?7=8?@&V91&=7M.&:.??&2.1,7:&,V491&15.&
0/,3139:&,--:70,1748&43&982./:K78=&-/7807-:.?&7814&-/,0170.W&X.&?9==.?1&15,1&N5,1&15.&37.:2&8..2?&
A4?1@&,/.&781./05,8=.?&V.1N..8&V415&N4/:2?&N5705&0,8&:.,2&14&/705&2.?0/7-1748?&43&54N&0/,3139:&
3,07:71,1748&0,8&V.&=/4982.2&78&,8&982./?1,8278=&43&,--/.07,17M.&78U97/K&-/7807-:.?&78&048178=.81&
,82&0481/,?178=&05,8=.&2.?7=8?W&'9/&-,-./&0,8&V.&/.,2&,?&,8&._,A-:.&43&?905&781./05,8=.W&&
&
%5/49=5&,&0483/481,1748&V.1N..8&15.4/K&,82&-/,0170.@&N.&5,M.&?54N8&54N&15.&781./-/.1,1748&
43&,--/.07,17M.&78U97/K&-/7807-:.?&0,8&V.&?1/.105.2&14&0/.,1.&,8&._-,82.2&?-,0.&34/&-4??7V:.&
,--:70,1748?W&X.&5,M.&f478.2&,82&V/4,2.8.2&15.&048M./?,1748&,/4982&Y-4?717M71KZ&78&
,--/.07,17M.&78U97/K@&VK&?9==.?178=&0481/,?178=&1/,8?:,1748?&43&71?&:.??&2.V,1.2&-/7807-:.?&,?&N.::W&
6K&?1/.10578=&15.&,--/.07,17M.&/.-./147/.@&N.&,:?4&.8/705&71?&3/,A78=&,?&27,:4=70&05,8=.W&(._1&14&
49/&.AV/,0.&43&,&27,=84?170&,N,/.8.??@&N.&-/4A41.&/.3:._7M.&71./,1748?&V.1N..8&1,:J&,82&
,01748W&X5.8&N.&1.?1&048M./?,1748,:&78?7=51?&15/49=5&-/,0170,:&._-./7A.81,1748@&N.&A,J.&
05,8=.&1,8=7V:.&,82&15./.VK&,M,7:,V:.&34/&39/15./&A.,878=&A,J78=&,82&J84N:.2=.&0/.,1748W&&
&
%5.&27M./?7370,1748&43&,--/.07,17M.&78U97/K&,--:70,1748?&7?&,&?7=8&43&71?&780/.,?78=&A,19/71KW&X715&
157?&/7?78=&-4-9:,/71K&04A.?&15.&05,::.8=.&14&9-54:2&71?&/4V9?1&0480.-19,:&=/498278=&,82&14&
-/4A41.&71?&-/,0170,:&378.??.W&H4N&0,8&N.&39/15./&2.M.:4-&,--/.07,17M.&78U97/K&,?&,&3/97139:&
781./-:,K&V.1N..8&-/7807-:.?@&05,8=.&2.?7=8?&,82&3,07:71,1748d&X.&V.:7.M.&15,1&,&04AA48&
:,8=9,=.&34/&048178=.81&05,8=.&2.?7=8@&N715&15.&M40,V9:,/K&43&2.?7=8&05470.?&,82&78270,14/?@&
A,K&5.:-W&<5,8=.&,=.81?&N54&9?.&,--/.07,17M.&78U97/K@&?549:2&1549=5139::K&048?72./&54N&14&

CD&
&
!"#$%&'()*&
+,-./&,00.-1.2&34/&15.&67,889,:&;81./8,1748,:&<483./.80.&48&'/=,87>,1748,:&!7?049/?.@&#A?1./2,A&BCDECF&
&

V.?1&N4/J&N715&71&78&,&?-.07370&0481._1&,1&,&?-.07370&17A.W&;2.,::K&?905&048?72./,1748&780:92.?&
-4??7V7:717.?@&05,::.8=.?&,82&/7?J?&8._1&14&15.7/&4N8&3,07:71,1748&,V7:717.?&,82&15.&,--/4-/7,1.8.??&
43&,:1./8,17M.&05,8=.&-/,0170.?W&L:17A,1.:K&15.&U9.?1748&?549:2&V.&54N&14&J..-&,&=.8./,17M.&
-/40.??&43&05,8=.&,3:4,1W&
&
H"6"*"&+"#''

6,//.11@&$W&hW&BCDDRFW&".3:.01748?&48&37M.&K.,/?&43&?./M70.W&!.-/+05"%("Z-)-#+0+)2"GFb"
V+4*3+22+$=%Q9AA./@&E\TW&

6,//.11@&$W&hW@&P&<44-.//72./@&!W&)W&BERRDFW&O.8./,17M.&A.1,-54/&781./M.81748k&#&8.N&,--/4,05&
34/&N4/J78=&N715&?K?1.A?&27M72.2&VK&0483:701&,82&0,9=51&78&2.3.8?7M.&-./0.-1748W&L%&$)-3"%("
!''3,+/"Y+1-B,%$-3"M.,+).+=%Cc@&CER\CeRW&

6,//.11@&$W&hW@&P&$/K@&"W&iW&BCDD`FW&!''$+.,-2,B+",)H&,$5K"!"'%*,2,B+"-''$%-.1"2%"6&,3/,)#"
.%%'+$-2,B+".-'-.,257&<5,=/78&$,::?@&'Hk&%,4?&;8?17191.W&

6,/=.@&nW&hW@&P&':7M./@&<W&BCDDeFW&X4/J78=&N715&,--/.07,1748&78&A,8,=./7,:&-/,0170.W&!.-/+05"%("
Z-)-#+0+)2"\+B,+4=%CS@&ECb\EbCW&

6,/198.J@&hW&]W@&P&Q-/.71>./@&OW&]W&BCDDcF&%5.&781./27?07-:78,/K&0,/../&43&,&-4-9:,/&048?1/901&
9?.2&78&A,8,=.A.81k&iA-4N./A.81&78&15.&:,1.&CD15&0.819/KW&L%&$)-3"%("Z-)-#+0+)2":)H&,$5="
;RBeF@&C``\CTe&
&
64f.@&!W&]W&BCDEDFW&Q72.&?5,24N78=&,--/.07,17M.&78U97/Kk&'8.&?14/K1.::./[?&04AA.81,/KW&L%&$)-3"
%("Z-)-#+0+)2":)H&,$5=%;cBeF@&CeS\CbEW&

6/7=51@&!W&QW@&+4N:.K@&iW&HW@&$/K@&"W&iW@&P&6,//.11@&$W&hW&BCDECFW&%5.&=.8./,17M.&-41.817,:&43&0K870,:&
048M./?,1748?W&&;8&!W&+W&G,82..@&!W&)W&<44-.//72./&P&]W&#M71,:&Bi2?WF@&!/B-).+*",)"-''$+.,-2,B+"
,)H&,$5="B%37"@7"G$#-),T-2,%)-3"d+)+$-2,B,25&B78&-/.??FW&678=:.K@&LWnWk&iA./,:2&O/49-&+9V:7?578=W&&

6/4N8@&#W&!W@&P&Q1,/J.K@&nW&BCDDDF&'/=,87>,1748,:&72.8171K&,82&:.,/878=k&#&-?K0542K8,A70&
-./?-.017M.W&!.-/+05"%("Z-)-#+0+)2"\+B,+4=">R&BEF@&EDC\ECDW&
&
69?5.@&OW"W&BCDDTFW&#--/.07,17M.&78U97/K&7?&841&Bf9?1F&,V491&15.&-4?717M.W&G$#-),T-2,%)"
F+B+3%'0+)2"W$-.2,2,%)+$="?cBbF@&eD\e`W&

69?5.@&OW&"W&BCDEEFW&#--/.07,17M.&78U97/Kk&%5.4/K&,82&0/717U9.W&;8&!W&64f.@&6W&69/8.?&P&hW&H,??,/2&
Bi2?WF@&81+"\%&23+/#+".%0'-),%)"2%"%$#-),T-2,%)-3".1-)#+&B--W&ST\EDeFW&'_34/2@&LWnWk&
"491:.2=.W&

CE&
&
!"#$%&'()*&
+,-./&,00.-1.2&34/&15.&67,889,:&;81./8,1748,:&<483./.80.&48&'/=,87>,1748,:&!7?049/?.@&#A?1./2,A&BCDECF&
&

69?5.@&OW&"W@&P&],/?5,J@&"W&hW&BCDDRFW&".M7?74878=&4/=,87>,1748&2.M.:4-A.81k&!7,=84?170&,82&
27,:4=70&-/.A7?.?&,82&-,11./8?&43&-/,0170.W&L%&$)-3"%("!''3,+/"Y+1-B,%$-3"M.,+).+="@RBeF@&ebS\
ecSW&

<,:9Nm@&)W&2.@&P&I./A,,J@&HW&BCDDeFW&]+-$),)#"2%"b1-)#+K"!"#&,/+"(%$"%$#-),T-2,%)".1-)#+"
-#+)2*7&%549?,82&',J?@&<#k&Q,=.W&
&
<,A./48@&nW&QW@&!91148@&hW&iW@&P&o9788@&"W&iW&Bi2?WFW&BCDDeFW&W%*,2,B+"%$#-),T-2,%)-3"*.1%3-$*1,'7&
Q,8&$/,807?04k&6.//.11\n4.5:./W&

<,A./48@&nW&QW@&P&Q-/.71>./@&OW&]W&Bi2?WFW&BCDECFW&81+"GA(%$/"1-)/6%%9"%("'%*,2,B+"%$#-),T-2,%)-3"
*.1%3-$*1,'7&(.N&*4/Jk&'_34/2&L87M./?71K&+/.??W&

<5.0J:,82@&+W&BCDDDF&Q431&QK?1.A?&].15424:4=Kk&#&157/1K&K.,/&/.1/4?-.017M.W&M5*2+0*"\+*+-$.1"
-)/"Y+1-B,%$-3"M.,+).+=";e@&QEE\Q`S&
&
<44-.//72./@&!W&)W&BERRDFW&+4?717M.&7A,=.@&-4?717M.&,01748k&%5.&,337/A,17M.&V,?7?&43&4/=,87>78=W&;8&
QW&Q/7M,?1M,&P&!W&)W&<44-.//72./&Bi2?WF@&!''$+.,-2,B+"0-)-#+0+)2"-)/"3+-/+$*1,'%I--W'RE\EC`FW&
Q,8&$/,807?04@&<#k&h4??.K\6,??W&

<44-.//72./@&!W&)W&BERRcFW&%5.&Y057:2Z&,?&,=.81&43&78U97/KW&GF"W$-.2,2,%)+$=">f@&`\EEW&

<44-.//72./@&!W&)W&BCDEDFW&$4/.N4/2W&;8&%W&%5,105.8J./K@&!W&)W&<44-.//72./&P&]W&#M71,:&Bi2?WF@&
!/B-).+*",)"-''$+.,-2,B+",)H&,$5="B%37"?7"W%*,2,B+"/+*,#)"-)/"-''$+.,-2,B+".%)*2$&.2,%)K"E$%0"
*&*2-,)-63+"/+B+3%'0+)2"2%"*&*2-,)-63+"B-3&+&B--W%_777\_7_FW&678=:.K@&LWnWk&iA./,:2&O/49-&
+9V:7?578=W&

<44-.//72./@&!W&)W@&P&#M71,:@&]W&Bi2?WFW&BCDDbFW&!/B-).+*",)"-''$+.,-2,B+",)H&,$5="B%37";7"
b%)*2$&.2,B+"/,*.%&$*+"-)/"1&0-)"%$#-),T-2,%)7&'_34/2@&LWnWk&i:?.M7./&Q07.80.W&

<44-.//72./@&!W&)W@&P&O42N78@&)W&(W&BCDECFW&+4?717M.&4/=,87>,1748,:&2.M.:4-A.81k&;884M,1748&
78?-7/.2&05,8=.&78&,8&.0484AK&,82&.04:4=K&43&?1/.8=15?W&;8&nW&QW&<,A./48&P&OW&]W&Q-/.71>./&
Bi2?WF@&81+"GA(%$/"1-)/6%%9"%("'%*,2,B+"%$#-),T-2,%)-3"*.1%3-$*1,'&B--W&TeT\T`DFW&(.N&*4/Jk&
'_34/2&L87M./?71K&+/.??W&

<44-.//72./@&!W&)W@&P&Q.J./J,@&)W&iW&BCDDeFW&i:.M,1748&43&78U97/K&7814&15.&,--/.07,V:.&N4/:2k&
%4N,/2&,&15.4/K&43&-4?717M.&4/=,87>,1748,:&05,8=.W&;8&nW&<,A./48@&hW&!91148@&P&"W&o9788&Bi2?WF@&
W%*,2,B+"%$#-),T-2,%)-3"*.1%3-$*1,'&B--W&CC`\CbDFW&Q,8&$/,807?04k&6.//.11\n4.5:./&

CC&
&
!"#$%&'()*&
+,-./&,00.-1.2&34/&15.&67,889,:&;81./8,1748,:&<483./.80.&48&'/=,87>,1748,:&!7?049/?.@&#A?1./2,A&BCDECF&
&

<44-.//72./@&!W&)W@&P&Q/7M,?1M,@&QW&BERSTFW&#--/.07,17M.&78U97/K&78&4/=,87>,1748,:&:73.W&;8&XW&
+,?A4/.&P&"W&X442A,8&Bi2?WF@&\+*+-$.1",)"%$#-),T-2,%)-3".1-)#+"-)/"/+B+3%'0+)2=&B%37";&B--W&
ECR\EcRFW&O/..8N705@&<%k&h#;&+/.??W&

<44-.//72./@&!W&)W@&P&X5718.K@&!W&BCDDDFW&#&-4?717M.&/.M4:91748&78&05,8=.k&#--/.07,17M.&78U97/KW&
;8&!W&)W&<44-.//72./@&+W&$W&Q4/.8?.8@&!W&X5718.K@&P&%W&$W&*,.=./&Bi2?WF@&!''$+.,-2,B+",)H&,$5K"
\+21,)9,)#"1&0-)"%$#-),T-2,%)"2%4-$/"-"'%*,2,B+"21+%$5"%(".1-)#+&B--W&e\CSFW&<5,A-,7=8@&;)k&
Q17-.?W&

<9AA78=?@&%W&OW&P&X4/:.K@&<W&OW&BCDDbFW&G$#-),T-2,%)*"/+B+3%'0+)2"-)/".1-)#+7"f21"+/,2,%)7&
],?48k&Q4915\X.?1./8&<4::.=.&+9V:7?578=W&
&
!/.9@&<W&nW&XW&2.&BCDDcFW&X5.8&144&:711:.&4/&144&A905&59/1?k&iM72.80.&34/&,&09/M7:78.,/&
/.:,1748?57-&V.1N..8&1,?J&0483:701&,82&7884M,1748&78&1.,A?W&L%&$)-3"%("Z-)-#+0+)2="?>&BEF@&cc\
TSW&
&
!98-5K@&!W&BERRcFW&'/=,87>,1748,:&05,8=.&78&04/-4/,1.&?.1178=?@"U&0-)"\+3-2,%)*="@c@&`bE\``CW&
&
i2.8@&<W@&P&H9_5,A@&<W&BERRcFW&#01748&/.?.,/05&34/&15.&?192K&43&4/=,87>,1748?W&;8k&QW"W&<:.==@&<W&
H,/2K@&P&XW"W&(4/15@&U-)/6%%9"%("%$#-),T-2,%)"*2&/,+*&B--W&`Cc\`bCFW&%549?,82&',J?@&<#k&
Q,=.W&
&
i8=.?1/jA@&*W&BERRbFW&8$-,),)#"(%$".1-)#+K"V+4"-''$%-.1"2%",)*2$&.2,%)"-)/"3+-$),)#",)"4%$9,)#"
3,(+7&O.8.M,k&;81./8,1748,:&),V49/&'3370.W&
&
i8=.?1/jA@&*W&BCDDEFW&i_-,8?7M.&:.,/878=&,1&N4/JW&%4N,/2&,8&,017M71K&g&15.4/.170,:&
/.0480.-19,:7?,1748W&L%&$)-3"%("[/&.-2,%)"-)/"C%$9=";@&BEF@&Eee\E`cW&
&
$78.A,8@&QW&BCDDcFW&'8&V.78=&-4?717M.k&<480./8?&,82&04981./-4781?W&!.-/+05"%("Z-)-#+0+)2"
\+B,+4="?;@&&CTD\CREW&

$71>=./,:2@&QW&$W@&':7M./@&<W@&P&H4_?.K@&hW&<W&BCDEDFW&#--/.07,17M.&78U97/K&,?&,&?5,24N&-/40.??W&
!.-/+05"%("Z-)-#+0+)2":)H&,$5=";cBeF@&CCD\CeeW&

$/.2/70J?48@&6W&)W&BCDDeFW&%5.&M,:9.&43&-4?717M.&.A41748?W&!0+$,.-)"M.,+)2,*2="c;@&eeD\ee`W&

$/.805@&"W&BCDDEF&Y(.=,17M.&0,-,V7:71KZk&],8,=78=&15.&04839?78=&980./1,7817.?&43&05,8=.W&
L%&$)-3"%("G$#-),T-2,%)-3"b1-)#+"Z-)-#+0+)2=";@&B`F@&bSD\bRCW&
&

Ce&
&
!"#$%&'()*&
+,-./&,00.-1.2&34/&15.&67,889,:&;81./8,1748,:&<483./.80.&48&'/=,87>,1748,:&!7?049/?.@&#A?1./2,A&BCDECF&
&

O./=.8@&nW&hW&BERTSFW&%4N,/2&=.8./,17M.&15.4/KW&L%&$)-3"%("W+$*%)-3,25"-)/"M%.,-3"W*5.1%3%#5="?g@&
Eebb\EecDW&

O./=.8@&nW&hW&BERRbFW&\+-3,2,+*"-)/"$+3-2,%)*1,'*K"M%&)/,)#*",)"*%.,-3".%)*2$&.2,%)7&<,AV/72=.@&
]#k&H,/M,/2&L87M./?71K&+/.??W&
&
O./=.8@&nW&hW&BERRRFW&!)",)B,2-2,%)"2%"*%.,-3".%)*2$&.2,%)W&)48248k&Q,=.W&

O./=.8@&nW&hW&BCDDRFW&\+3-2,%)-3"6+,)#K"Y+5%)/"*+3("-)/".%00&),257%(.N&*4/Jk&'_34/2&L87M./?71K&
+/.??W&

O./=.8@&]W&]W@&O./=.8@&nW&hW@&P&6,//.11@&$W&BCDDbFW&#--/.07,17M.&78U97/K&,?&27,:4=9.k&O.8./,17M.&
,82&1/,8?34/A,17M.W&;8&!W&)W&<44-.//72./&P&]W&#M71,:&Bi2?WF@&!/B-).+*",)"-''$+.,-2,B+",)H&,$5="B%37"
;7"b%)*2$&.2,B+"/,*.%&$*+"-)/"1&0-)"%$#-),T-2,%)%B--W&e\CTFW&'_34/2@&LWnWk&i:?.M7./&Q07.80.W&

O/,81@&QW@&P&H9A-5/7.?@&]W&BCDDcFW&</7170,:&.M,:9,1748&43&,--/.07,17M.&78U97/Kk&6/72=78=&,8&
,--,/.81&-,/,24_W&!.2,%)"\+*+-$.1="@=&bDE\bESW&

H,/2K@&<W@&P&<:.==@&QW&"W&BERRcFW&Q4A.&2,/.&0,::&71&-4N./W&;8k&QW"W&<:.==@&<W&H,/2K@&P&XW"W&(4/2&
Bi2?WF@&U-)/6%%9"%("%$#-),T-2,%)"*2&/,+*"B--W&cCC\cbEFW&%549?,82&',J?@&<#k&Q,=.W&
&
H,/-,>@&*W&BCDD`FW&%.,0578=&,82&:.,/878=&78&,&04AA9871K&43&1578J78=W&L%&$)-3"%("b&$$,.&3&0"-)/"
M&'+$B,*,%)=">S@&Eec\E`TW&
&
H.,2@&%W&<W&BCDD`FW&#&048178=.80K&,--/4,05&14&,--/.07,17M.&78U97/Kk&#&37/?1&?A,::&?1.-W&;8&!W&)W&
<44-.//72./@&+W&$W&Q4/.8?.8@&%W&$W&*,.=./&P&!W&X5718.K&Bi2?WF@&!''$+.,-2,B+",)H&,$5K"E%&)/-2,%)*"
,)"'%*,2,B+"%$#-),T-2,%)"/+B+3%'0+)2%B--W&bDE\bEeFW&<5,A-,7=8@&;)k&Q17-.?W&

H7/?0554/8@&)W&BERSSFW&81+"4%$9'3-.+"4,21,)K"W*5.1%/5)-0,.*"%("%$#-),T-2,%)-3"3,(+7&<,AV/72=.@&
]#k&];%&+/.??W&
&
H4?J78=@&!W&]W&BCDDCFW&]+-/+$*1,'"'$%.+**+*"-)/"3+-/+$*1,'"/+B+3%'0+)2K"\+(3+.2,%)*"($%0"-"
*%.,-3".%)*2$&.2,%),*2"'-$-/,#0W&".1/7.M.2&h9:K&T@&CDEC@&3/4A&511-kll7=719/\
,/057M.W:7V/,/KW99W8:lLQ6'lCDDT\DCD`\CDD`bRl54?J78=p__p:.,2./?57-CCW-23&&
&
h458?48@&+W&CDECW&%/,8?0.8278=&15.&-4:,/71K&43&:7=51&,82&?5,24N&78&,--/.07,17M.&78U97/Kk&#8&
,--/.07,17M.&._-:4/,1748&43&-/,0170.W&;8&!W&+W&G,82..@&!W&)W&<44-.//72./&P&]W&#M71,:&Bi2?WF@&
!/B-).+*",)"-''$+.,-2,B+",)H&,$5="B%37"@7"G$#-),T-2,%)-3"d+)+$-2,B,25&B78&-/.??FW&678=:.K@&LWnWk&
iA./,:2&O/49-&+9V:7?578=W&

Cb&
&
!"#$%&'()*&
+,-./&,00.-1.2&34/&15.&67,889,:&;81./8,1748,:&<483./.80.&48&'/=,87>,1748,:&!7?049/?.@&#A?1./2,A&BCDECF&
&

n.:A,8@&QW&BCDD`F&L8:.,?578=&05,8=.W&#&?192K&43&4/=,87>,1748,:&/.8.N,:&78&=4M./8A.81W&
X,?578=148&!W<Wk&6/44J78=?&;8?17191748&
&
).M711@&6@&P&],/05@&hW&OW&BERSSFW&'/=,87>,1748,:&).,/878=W&!))&-3"\+B,+4"%("M%.,%3%#5=";@@&eER\
ebDW&
&
)92.A,@&hW&!W&BCDDCFW&#--/.07,17M.&?14/K1.::78=k&#&8,//,17M.&,--/4,05&14&4/=,87>,1748&
2.M.:4-A.81&,82&05,8=.W&;8&"W&$/K@&$W&6,//.11@&hW&Q.7:78=&P&!W&X5718.K&Bi2?WF@&!''$+.,-2,B+"-)/"
%$#-),T-2,%)-3"2$-)*(%$0-2,%)K"\+'%$2*"($%0"21+"(,+3/"B--W&CeR\CceFW&X.?1-4/1@&<%k&o94/9A&
644J?W&

)92.A,@&hW&!W@&P&$/K@&"W&iW&BCDDSFW&%5.&-/,0170.&43&,--/.07,17M.&78U97/KW&;8&+W&".,?48&P&HW&
6/,2V9/K&Bi2?WF@&U-)/6%%9"%("-.2,%)"$+*+-$.1"X>)/"+/7<"B--W&CSD\CRcFW&)48248k&Q,=.W&

],/?5,J@&"W&hW@&P&O/,81@&!W&BCDDSFW&'/=,87>,1748,:&27?049/?.&,82&8.N&4/=,87>,1748&2.M.:4-A.81&
-/,0170.?W&Y$,2,*1"L%&$)-3"%("Z-)-#+0+)2=";c@&QT\QERW&

]4//7?48@&iW&XW@&&P&]7::7J.8@&$W&hW&BCDDDFW&'/=,87>,1748,:&?7:.80.k&#&V,//7./&14&05,8=.&,82&
2.M.:4-A.81&78&,&-:9/,:7?170&N4/:2W&!.-/+05"%("Z-)-#+0+)2"\+B,+4=">RBbF@&TDc\TC`W&

+/,11@&<W&BCDDCFW&</.,178=&9871K&3/4A&04A-.178=&781.=/717.?k&#&0,?.&?192K&78&,--/.07,17M.&78U97/K&
A.15424:4=KW&;8&"W&$/K@&$W&6,//.11@&hW&Q.7:78=@&P&!W&X5718.K&Bi2?WF@&!''$+.,-2,B+",)H&,$5"-)/"
%$#-),T-2,%)-3"2$-)*(%$0-2,%)K"\+'%$2*"($%0"21+"(,+3/"B--W&RR\ECDFW&X.?1-4/1@&<%k&o94/9A&
644J?W&

Q05,::@&iW@&'?-78,@&QW@&O42?4.@&6W@&P&!42=.@&hW&BCDDbFW&#--/.07,17M.&8,//,17M.?&,?&:.,2./?57-&
/.?.,/05k&],10578=&A.1542&14&:.8?W&;8&!W&)W&<44-.//72./&P&]W&#M71,:&Bi2?WF@&!/B-).+*",)"
-''$+.,-2,B+",)H&,$5="B%37";7"b%)*2$&.2,B+"/,*.%&$*+"-)/"1&0-)"%$#-),T-2,%)%B--W&EbT\ETDFW&
'_34/2@&LWnWk&i:?.M7./&Q07.80.W&

Q1/,8=@&!W@&P&Q49:.@&QW&#W&BERRSFW&!7339?748&78&4/=,87>,1748?&,82&?407,:&A4M.A.81?k&$/4A&5KV/72&
04/8&14&-47?48&-7::?W&!))&-3"\+B,+4"%("M%.,%3%#5=">@@&Cc`\CRD&
&
Q1/,17@&#W&BERRRFW&G$#-),T-2,%)"-)/"-+*21+2,.*7")48248k&Q,=.W&
&
I./A,,J@&HW&BCDDRFW&W3+T,+$"6+3+B+)"--)"2--,+"B$--#*2&99+)7"C+$9,)#*0+.1-),*0+)"B-)"
B+$),+&4,)#"+)"4++$6-$*2,#1+,/7&!.M.81./@&(.15./:,82?k&n:9N./W&
&

C`&
&
!"#$%&'()*&
+,-./&,00.-1.2&34/&15.&67,889,:&;81./8,1748,:&<483./.80.&48&'/=,87>,1748,:&!7?049/?.@&#A?1./2,A&BCDECF&
&

I./A,,J@&HW&BCDEEFW&#&?-/78=V4,/2&34/&39/15./&:.,/878=k&%.,0578=&?.,?48.2&-/,0171748./?&VK&
5,/8.??78=&15.7/&._-./7.80.W&;8&QW&]W&#2,A?&P&#W&G.8>7&Bi2?WF@&W$+'-$,)#"Y+22+$"b%)*&32-)2*K"81+"
\%3+"%("!.-/+0,-"X''7"?cNRS<7"\+*+-$.1",)"Z-)-#+0+)2"b%)*&32,)#"XM4:W&EbF&B--W&eR\`DFW&
O/..8N705@&<%k&;834/A,1748&#=.&+9V:7?578=W&
&
I./A,,J@&HW&BCDECFW&$,07:71,178=&:40,:&4N8./?57-&1549=5&-,/,24_70,:&781./M.81748?W&L%&$)-3"%("
!''3,+/"Y+1-B,%$-3"M.,+).+="@fBCF@&CC`\CbTW&
&
I./A981@&hW&!W@&P&I./:44-@&(W&BERRRFW&<48=/9.80.&,82&3/701748&V.1N..8&:.,/878=&,82&1.,0578=W&
]+-$),)#"-)/":)*2$&.2,%)="c@&C`T\CSDW&
&
X,//.8@&X&WiW&BCDDeF&<48?1/9017M.&,82&2.?1/9017M.&2.M7,80.&78&4/=,87>,1748?W&!.-/+05"%("
Z-)-#+0+)2"\+B,+4=">f&BbF@&cCC\ceCW&
&
X.70J@&nW&iW&.8&X.?1:.K@&$W&BERRcFW&'/=,87>,1748,:&).,/878=k&#337/A78=&,8&4_KA4/48W&;8k&QW&"W&
<:.==@&<W&H,/2K&P&XW&(4/2&Bi2?WFW&U-)/6%%9"%("%$#-),T-2,%)"*2&/,+*"B--W&bbD\b`SFW&%549?,82&
',J?@&<#k&Q,=.W&
&
G,82..@&!W&+W&BCDDSFW&%5.&-4.170?&43&4/=,87>,1748,:&2.?7=8k&H4N&N4/2?&A,K&78?-7/.&N4/:2?W&;8&]W&
#M71,:@&"W&hW&64:,82&P&!W&)W&<44-.//72./&Bi2?WF@&!/B-).+*",)"-''$+.,-2,B+",)H&,$5="B%37">7"F+*,#),)#"
,)(%$0-2,%)"-)/"%$#-),T-2,%)*"4,21"-"'%*,2,B+"3+)*"B--W&EeE\EbcFW&'_34/2@&LWnWk&i:?.M7./&Q07.80.W&

G,82..@&!W&+W@&P&<44-.//72./@&!W&)W&BCDDSFW&#--/.07,V:.&N4/:2?@&78?-7/.2&78U97/KW&;8&+W&".,?48&P&
HW&6/,2V9/K&Bi2?WF@&U-)/6%%9"%("-.2,%)"$+*+-$.1"X>)/"+/7<&B--W%ERD\ERSFW&)48248k&Q,=.W&

Cc&
&

You might also like