Está en la página 1de 14

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

%)

!"!

#$%&'%()*&+',-.*/+()0
12(+2/'*1+(3
*&4*/2/*+&%()0)5*6*'2/*+&%()%&)/2,4*+5+$72
!"#$%&'()*$+",-))./$0*1
#2&3$456
"#$%&'()*$+",-))./$0*1#2&3$456

!"#$%&'($)$*%)$"#$%+,-./$)"#-*0$+%"1#+#01+2"13#*&#*1#4*,*-$+-+#('%)$+%"1#5'*#$%$)$"#6#)"'&"#*%
(+-7"#/-+0-*&$8"#6#&$&,97$)"3#("11"#8*%,-$)'1"-#$:5'$*-4";#!"#4*/-*&$.%#4*#1"#)+%,-"),$1$4"4#*&#,"7<
2$9%#'%+#4*#1+&#7*)"%$&7+&#4*#4*,*-$+-+#=*7+4$%>7$)+#*%#1"#("11"#)"-4?")"3#/"-,$)'1"-7*%,*
4*2$4+#"#1"#-*4'))$.%#*%#*1#0"&,+#)"-4?")+#6#"#1"#*1*8")$.%#*%#1"&#/-*&$+%*&#8*%+&"&#/'17+%"-*&3
"&?#)+7+#*%#1"#/-*&$.%#4*#11*%"4+#4$"&,.1$)+#8*%,-$)'1"-;
!"&#$%4$)")$+%*&#)1?%$)"&#/"-"#*1#'&+#4*#"0*%,*&#$%+,-./$)+&#*&,>%#/-$%)$/"17*%,*#4$-$0$4"&#"
7*@+-"-#1"#=*7+4$%"7$"#4*#1+&#/")$*%,*&#)+%#("11"#)"-4?")"#"0'4"#+#)-.%$)";#!+&#7*4$)"7*%,+&
$%+,-./$)+&#="%#4*7+&,-"4+#7*@+-"-#1"#=*7+4$%"7$"#6#"1$8$"-#1+&#&$0%+&#6#&?%,+7"&#*%#1+&#/"<
)$*%,*&#)+%#("11"#)"-4?")"#)+%0*&,$8"3#"'%5'*#*A$&,*#)+%,-+8*-&$"#")*-)"#4*#&'#*($)")$"#)'"%4+
4$)=+&#(>-7")+&#&+%#',$1$:"4+&#/+-#1"-0+#,$*7/+#*%#)+%&*)'*%)$"#"#&'&#/+,*%)$"1*&#*(*),+&#"4<
8*-&+&#&+2-*#*1#/-+%.&,$)+;#B$%#*72"-0+3#6"#5'*#4$)=+&#"0*%,*&#/+&**%#4$(*-*%,*&#7*)"%$&7+&
4*#"))$.%3#&'#/*-($1#=*7+4$%>7$)+#%+#*&#%*)*&"-$"7*%,*#*1#7$&7+#6#/+-#1+#,"%,+#&'&#*(*),+&#*%
*1#/-+%.&,$)+#/'*4*%#%+#&*-#&$7$1"-*&;
C%#1"#/->),$)"#)1?%$)"3#1"&#)",*)+1"7$%"&#6#1+&#$%=$2$4+-*&#4*#1"#(+&(+4$*&,*-"&"#DEFGH#&+%#1+&#"0*%,*&
$%+,-./$)+&#%+#01').&$4+&#7>&#(-*)'*%,*7*%,*#'&"4+&3#"'%5'*#%'*8+&#"0*%,*&#)+%#4$(*-*%,*&#7*)"<
%$&7+&#4*#"))$.%#*&,>%#&$*%4+#*8"1'"4+&#*%#*&,'4$+&#)1?%$)+&;#B*0I%#1"#)1"&$($)")$.%#4*#F*147"%#DJH3
4$)=+&#"0*%,*&#/'*4*%#&*-#"0-'/"4+&#4*#")'*-4+#)+%#&'#7*)"%$&7+#4*#"))$.%#DK"21"#JH;

!"#$%&'()&*('+',-"'$)&
B+%#"0*%,*&#$%+,-./$)+&#4*#1"#)1"&*#EE#5'*#$%=$2*%#1"#2+72"#&+4$+</+,"&$+3#$%)-*7*%,"%4+#*1
)"1)$+#$%,-")*1'1"-;#L'%5'*#"10'%+&#*&,'4$+&#)1?%$)+&#$%(+-7"%#5'*#1"#,*-"/$"#)-.%$)"#)+%#4$0+A$%"

!"8

/012+1-'#2&+)34#(&-'5',%-&%(+#,&-''6'6'6

7%8.%'9
Z1"&*#EQ;##
Z1"&*#EEQ;##
Z1"&*#EEEQ;##
Z1"&*#E[Q;##

!:/;<=<!/!<>?'@A'=A:@B/?'C/D/':E;'/FA?7A;'<?E7D>C<!E;
"0*%,*&#5'*#$%)-*7*%,"%##"4*%+&$%"#7+%+(+&(",+#)?)1$)+#$%,-")*1'1"-#D)LRSH#D"0+%$&,"&#<"4-*<
%9-0$)+&3#$%=$2$4+-*&#4*#1"#(+&(+4$*&,*-"&"H
"0*%,*&#5'*#"(*),"%#1+&#$+%*&3#2+72"&#6#)"%"1*&#4*1#&"-)+1*7"#D4$0+A$%"H
"0*%,*&#5'*#7+4'1"%#1+&#7*)"%$&7+&#4*#)"1)$+#$%,-")*1'1"-#6"#&*"#/+-#1$2*-")$.%#4*1#)"1)$+#4*1
-*,?)'1+#&"-)+/1>&7$)+#+#/+-#$%)-*7*%,+#4*#1"#&*%&$2$1$:")$.%#4*#1"&#/-+,*?%"&#)+%,->),$1*&#"1#)"1)$+
"0*%,*&#5'*#,$*%*%#7I1,$/1*&#7*)"%$&7+&#4*#"))$.%######
S$7+2*%4"%####
[*&%"-$%+%*

/'*4*#7*@+-"-#1+&#&?%,+7"&#6#1"#)1"&*#('%)$+%"1#4*#1+&
/")$*%,*&# )+%# ("11"# )"-4$")"# &*)'%4"-$"# "# 4$&('%)$.%
&$&,.1$)"#8*%,-$)'1"-#$:5'$*-4"#DMH3#1"#7+-,"1$4"4#0*%*<
-"1#4*#*&+&#/")$*%,*&#/*-7"%*)*#&$%#)"72$+;#G*#$0'"1
7"%*-"3#1"#$%)$4*%)$"#)+72$%"4"#4*#7'*-,*#6#=+&/$,"<
1$:")$.%#/+-#("11"#/'*4*#&*-#-*4')$4"#)+%#1"#,*-"/$"#4*
4$0+A$%"#DNH3#"'%5'*#*%#/")$*%,*&#)+%#("11"#"0'4"#&*<
)'%4"-$"#"#$%("-,+#7$+)>-4$)+3#4$)=+#2*%*($)$+#%+#="
&$4+#4*7+&,-"4+#DOH;

"; !+&#"0+%$&,"&#<"4-*%9-0$)+&#*&,$7'1"%#1+&#-*)*/<
,+-*&#<"4-*%9-0$)+&#P&#1+)"1$:"4+&#*%#1"#7*72-"<
%"#)*1'1"-#/+-#"),$8")$.%#4*#1"#"4*%$1)$)1"&"3#1"#)'"1
"#&'#8*:#("8+-*)*#1"#&?%,*&$&#4*#'%#&*0'%4+#7*%&"<
@*-+#$%,-")*1'1"-Q#"4*%+&$%"<7+%+(+&,"(+<)?)1$)+#D)<
LRSH;#C1#)<LRS#"),$8"#1"#/-+,*?%"#)$%"&"#4*/*%<
4$*%,*#4*#)<LRS3#(")$1$,"%4+#1"#(+&(+-$1")$.%#4*#7'<
)="&#/-+,*?%"&#)*1'1"-*&3#)+7+#1"&#4*#1+&#)"%"1*&
4*#)"1)$+3#*1#(+&(+1"72"%#*%#*1#-*,?)'1+#&"-)+/1>&<
7$)+#6#1"#,-+/+%$%"#E;#C1#"'7*%,+#4*#1"#)+%,-"),$2$1$<
4"4#6#1"#-*1"@")$.%#7$+)>-4$)"#*&,>%#7*4$"4+&#/+*&,+&#/-+)*&+&#2$+5'?7$)+&;

*1#7$+)"-4$+#&$%#("11"3#1"#4*%&$4"4#4*#1+&#-*)*/,+-*&
J#*&#7"6+-#5'*#1"#4*#1+&#-*)*/,+-*&#MU#*%#*1#7$+<
)"-4$+#)+%#("11"#*A$&,*#'%#V4+W%<-*0'1",$+%X#4*#1+&
-*)*/,+-*&#J;#L4*7>&3#*1#%+<")+/1"7$*%,+#4*#1+&
-*)*/,+-*&#M#"#1"#"4*%$1)$)1"&"3#$%)-*7*%,"#1"#"),$<
8$4"4# 4*# 1"# /-+,*?%"# 1$0"%4+# 4*1# %')1*.,$4+# 4*
0'"%$%"#D/-+,*?%"#PH#4$&7$%'6*%4+#1"#"4*%$1)$)1"&"
6#/+-#)+%&$0'$*%,*#1"#/-+4'))$.%#4*#)<LRS;
CA$&,*# )+%,-+8*-&$"# -*1")$+%"4"# )+%# 1"# *A$&,*%)$"# 6
('%)$.%#4*#1+&#-*)*/,+-*&#N;#!"#*8$4*%)$"#&'0$*-*#5'*
1+&# -*)*/,+-*&# "4-*%9-0$)+&#N# *&,>%# *A/-*&"4+&# 6
&+2-*<-*0'1"4+&#*%#1+&#)+-":+%*&#*%#("11"#DYH3#&'0$<
-$*%4+#5'*#&'#"),$8")$.%#*&,>#"&+)$"4"#)+%#1"#$%=$2$<
)$.%#4*#1"#('%)$.%#)+%,->),$1#4*1#7$+)"-4$+U#4$)=+#*(*)<
,+#$%+,-./$)+#%*0",$8+#*&,>#7*4$"4+#"#,-"89&#4*1#")+<
/1"7$*%,+#"#1"#/-+,*?%"#PJ;#L4$)$+%"17*%,*3#1+&#-*<
)*/,+-*&#N#/"-,$)$/"%#*%#1"#-*,-+"1$7*%,")$.%#%*0"<
,$8"#7*4$"4"#/+-#*1#.A$4+#%?,-$)+#&+2-*#*1#)+%,-+1#4*#1"
)+%,-"),$1$4"4;# C%# *1# )+-":.%# *%# ("11"3# 1"# V'/<
-*0'1",$+%X#4*#1+&#-*)*/,+-*&#N#&*#"&+)$"#)+%#'%"
*A)*&$8"#"1,*-")$.%#*%#1"#('%)$.%#)+%,->),$13#)+%,-$2'<
6*%4+#"#1"#/-+0-*&$.%#4*#1"#("11"#&$&,.1$)"#8*%,-$)'1"$:5'$*-4";#R*@+-"-#1"#('%)$.%#)+%,->),$1#8*%,-$)'1"-#/+<
4-?"#&*-#*1#-*&'1,"4+#4*1#4*&)'2-$7$*%,+#4*#"%,"0+<
%$&,"&#4*#1+&#-*)*/,+-*&#"4-*%9-0$)+&#N;
!+&#-*)*/,+-*&#<"4-*%9-0$)+&#*&,>%#/-*&*%,*&#*%
*1#7$+)"-4$+#6#*%#1+&#1*)=+&#8"&)'1"-*&#/*-$(9-$)+&;

!"#-*1",$8"#4*%&$4"4#6#"),$8$4"4#4*#1+&#-*)*/,+-*&#J
6#M#8"-?"#*%#*1#7$+)"-4$+#)+%#("11"#6#&$%#("11"#DTH;#C%

2; !+&#4+&#,$/+&#4*#-*)*/,+-*&#"4-*%9-0$)+&3#J#6#M3
,$*%*%#4$(*-*%,*&#7*)"%$&7+&#4*#"),$8")$.%#6#4$(*<

.'/01,'$)/'/2,'$)&
!+&#*(*),+&#("-7")+4$%>7$)+&#4*#1+&#"0*%,*&#&$7<
/",$)+7$79,$)+&# *&,>%# 7*4$"4+&# "# ,-"89&# 4*# &'
$%,*-"))$.%#)+%#1+&#-*)*/,+-*&#"4-*%9-0$)+&;

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

-*%,*&#*(*),+&#($&$+1.0$)+&#6#)"4"#'%+#,$*%*#8"-$"&
&'2)1"&*&#5'*#="%#&$4+#$4*%,$($)"4"&Q#J#DJL3#J\3
JZH#6#M#DML3#M\3#MZH#D]H;#!"#"),$8")$.%#4*#1+&
-*)*/,+-*&#J#*&,>#"&+)$"4"#)+%#'%#$%)-*7*%,+#*%
1"#)+%,-"),$1$4"4#6#8"&+)+%&,-$))$.%#&*)'%4"-$"##"
'%# "'7*%,+# *%# 1"# )+%)*%,-")$.%# 4*# )"1)$+# *%# *1
)$,+&+1#&$%#%$%0I%#)"72$+#*%#1"#"),$8$4"4#4*#1"#"4*<
%$1)$)1"&"#+#*%#1"#)+%)*%,-")$.%#4*#)<LRS;#!"#*&,$<
7'1")$.%#4*#1+&#"4-*%+<-*)*/,+-*&#J# /'*4*#*&,""&+)$"4"#)+%#1"#"),$8")$.%#4*#1+&#)"%"1*&#4*#)"1)$+
6#1"#$%=$2$)$.%#4*#1+&#)"%"1*&#4*#/+,"&$+;#!+&#&$&,*<
7"&#4*#$%,*-)"72$+#=$4-.0*%+<&+4$+#6#)"1)$+<&+4$+
&+%#,"72$9%#$%(1'*%)$"4+&#/+-#1"#"),$8")$.%#4*#1+&
-*)*/,+-*&#J3#1+&#)'"1*&#)+%,-$2'6*%#"1#$%)-*7*%,+
4*#1"#,*%&$.%#4*1#7I&)'1+#1$&+#8"&)'1"-#6#4*1#*&,"4+
)+%,->),$1#4*1#7$+)"-4$+;#!"#"),$8")$.%#4*#1+&#-*)*/<
,+-*&#M##*&,>#"&+)$"4"#)+%#1"#$%=$2$)$.%#4*#1"###"4*%$<
1)$)1"&"#6#1"#4$&7$%')$.%#4*#1+&#%$8*1*&#$%,-")*1'1"-*&
4*#)<LRS;#!+&#"0+%$&,"&#4*#1+&#-*)*/,+-*&#M#)"'&"%
"0-*0")$.%#/1"5'*,"-$"#/+-#'%"#4$&7$%')$.%#*%#*1#%$<
8*1#4*#)<LRS#/1"5'*,"-$+#6#%+#/"-*)*%#*@*-)*-#%$%<
0I%#*(*),+#&+2-*#1"#)+%,-"),$1$4"4#7$+)>-4$)"#+#*%#1"&
('%)$+%*&#8"&)'1"-*&#4*1#7I&)'1+#1$&+;
); !"#"),$8")$.%#4*#1+&#4+&#&'2,$/+&#4*#-*)*/,+-*&#4*
4+/"7$%"3# GLJ# 6# GLM# /-+4')*# 4$(*-*%,*&# *(*),+&
("-7")+1.0$)+&;#!+&#-*)*/,+-*&#GLJ#*&,>%#1+)"1$:"<
4+&#/+&,<&$%>/,$)"7*%,*3#6#&'#"),$8")$.%#&*#"&+)$"
)+%#8"&+4$1",")$.%#4*#1+&#1*)=+&#8"&)'1"-*&#-*%"13
7*&*%,9-$)+3#)*-*2-"1#6#8"&)'1"-#)+-+%"-$+;#!"#"),$<
8")$.%#4*#1+&#-*)*/,+-*&#GLM3#4*#1+)"1$:")$.%#/-*<
&$%>/,$)"#$%=$2*#1"#1$2*-")$.%#4*#%+-*/$%*(-$%";#!+&
-*)*/,+-*&#GLM#,"72$9%#*&,>%#/-*&*%,*&#*%#*1#)*%,-+
4*#1"#%>'&*"#6#8.7$,+3#6#*%#*1#1.2'1+#"%,*-$+-#4*#1"
=$/.($&$&#4+%4*#4$&7$%'6*%#1"#1$2*-")$.%#4*#/-+1")<
,$%";#!"#"),$8")$.%#4*#1+&#-*)*/,+-*&#GLM#$%=$2*#"4*<
7>&# 1"# &*)-*)$.%# 4*# "14+&,*-+%"# 7*4$"4"# /+"%0$+,*%&$%"#EE;

!"#$%#&'&()*+%(,-)().%(,-&
/,+%#,-0+)($+&1
B+%#'&"4+&#)1?%$)"7*%,*#*%#*1#,-","7$*%,+#4*#1"#=$<
/+,*%&$.%#6#*1#*&,"4+#4*#2"@+#0"&,+;#!+&#"0*%,*&#(-*<
)'*%,*7*%,*# '&"4+&# &+%Q# 4+2',"7$%"3# 4+/"7$%"3
%+-*/$%*(-$%"3#*/$%*(-$%"#6#%*+&$%*(-$%";

2-34%+)($+
C&#'%#/+,*%,*#"0+%$&,"#4*1#-*)*/,+-#J3#5'*#,"72$9%
/+&**#/-+/$*4"4*&#"0+%$&,"&#M#6#;#C1#*(*),+#$%+,-./$)+
/+&$,$8+#4*#1"#4+2',"7$%"#*&,>#/-$7"-$"7*%,*#7*4$"4+
/+-#1"#"),$8")$.%#4*#1+&#-*)*/,+-*&#"4-*%9-0$)+&#J3
"'%5'*#1+&#-*)*/,+-*&#M#6##)+%,-$2'6*%#"4$)$+%"1<
7*%,*;#!"#"),$8")$.%#4*#1+&#-*)*/,+-*&#/*-$(9-$)+&#M
&*#,-"4')*#*%#8"&+4$1",")$.%#/+-#-*4'))$.%#*%#1"#-*&$&<
,*%)$"#8"&)'1"-#&$&,97$)";#!"&#/-+/$*4"4*&#4*#1"#4+2'<
,"7$%"#*%#*1#-*)*/,+-##/*-$(9-$)+#&+%#492$1*&#6#%+#/-+<
4')*%#8"&+)+%&,-$))$.%#/*-$(9-$)"#-*1*8"%,*;#!+&#*(*)<
,+&#=*7+4$%>7$)+&#4*#1"#4+2',"7$%"#D4+&$&#'&'"1#M;T<
JT#0^_0^7$%H#&*#)"-"),*-$:"%#/+-#'%#$%)-*7*%,+#*%#*1
0"&,+#)"-4?")+#6#*1#8+1'7*%#1",$4+3#@'%,+#)+%#'%"#-*<
4'))$.%#*%#1"#-*&$&,*%)$"#8"&)'1"-#&$&,97$)"#6#1"#/-*<
&$.%#"-,*-$"1#7*4$";#CA$&,*#,"72$9%#'%#4$&)-*,+#$%)-*<
7*%,+#*%#1"#(-*)'*%)$"#)"-4?")";#!"#/-*&$.%#)"/$1"-#/'1<
7+%"-#6#1"#/-*&$.%#4*#1"#"-,*-$"#/'17+%"-#/'*4*%#4$&7$<
%'$-3#"'%5'*#&'#*(*),+#"#*&,*#%$8*1#*&#/+)+#&$0%$($)",$8+;
Z+%#4+&$&#&'/*-$+-*&#4*#4+2',"7$%"#5'*#*A)*4"%#1+&#J`<
JT#0^_0^7$%3#1"#*A)*&$8"#,"5'$)"-4$"#6#7"-)"4"#)"?4"#*%
1"#-*&$&,*%)$"#8"&)'1"-#&$&,97$)"#/*-7$,*%#*1#4*&"--+11+#4*
=$/+,*%&$.%;#!+&#*(*),+&#'&'"1*&#4*#1"#4+2',"7$%"#*%#1"
=*7+4$%"7$"#)+-+%"-$"#&+%#*1#$%)-*7*%,+#*%#1"#4*7"%4"
4*#+A?0*%+#7$+)>-4$)+#&*)'%4"-$+#"#'%#$%)-*7*%,+#*%#1"
)+%,-"),$1$4"4#6#1"#(-*)'*%)$"#)"-4?")"#DaH;#L#1"#/"-#4*1#"'<
7*%,+#*%#1"#4*7"%4"#4*#+A?0*%+3#*A$&,*#,"72$9%#'%#$%<
)-*7*%,+#*%#*1#(1'@+#)+-+%"-$+#6#*%#*1#)+%&'7+#4*#+A?0*<
%+#7$+)>-4$)+;#C&#4*#"%+,"-3#5'*#*1#"'7*%,+#*%#1"#(-*<
)'*%)$"#)"-4?")"#/'*4*#"&+)$"-&*#"#"1,*-")$+%*&#*%#1"#/*-<
('&$.%#7$+)>-4$)"3#"&?#/'*&#*%#/")$*%,*&#)+%#*%(*-7*4"4
)+-+%"-$"#"1,"&#4+&$&#4*#4+2',"7$%"#,$*%*%#*1#-$*&0+#4*
$%4')$-#$&5'*7$"#7$+)>-4$)"#D*&,"#*&#1"#-":.%#5'*#('%4"<
7*%,"#1"#/-'*2"#4*#*&,-9&#)+%#4+2',"7$%"H;
!"#$%('&$.%#$%,-")+-+%"-$"#4*#4+2',"7$%"#="#4*7+&<
,-"4+#4$&7$%'$-#1+&#%$8*1*&#4*#%+-*/$%*(-$%"3#&'0$-$*%4+
'%"#4$&7$%')$.%#*%#1"#"),$8$4"4#"4-*%9-0$)"#/-*&'7$<
21*7*%,*#&*)'%4"-$"#"#'%#$%)-*7*%,+#*%#*1#-*%4$7$*%,+
)"-4?")+#DbH;#!"#"47$%$&,-")$.%#&$&,97$)"#4*#4+2',"7$<
%"#&$%#*72"-0+3#%+#4$7$%'6*#1"#"),$8$4"4#%*-8$+&"#&$7<
/>,$)"#/*&*#"1#$%)-*7*%,+#*%#*1#0"&,+#)"-4?")+#DJ`H;#!"
4+2',"7$%"#="#4*7+&,-"4+#'%#$%)-*7*%,+#*%#1"#"--$,7+<
0*%$)$4"4#6#7'*-,*#)"-4?")"#&I2$,"3#/-+2"21*7*%,*#-*1"<
)$+%"4"#)+%#'%#$%)-*7*%,+#*%#1"&#)+%)*%,-")$+%*&#4*

!"9

!""

/012+1-'#2&+)34#(&-'5',%-&%(+#,&-''6'6'6

)LRS#$%,-")*1'1"-;#!"#$&5'*7$"#7$+)>-4$)"3#&$%#*72"-<
0+3#/'*4*#)+%,-$2'$-#"#4$)="#"--$,7+0*%$)$4"4;#!+&#*(*)<
,+&#4*#1"#4+2',"7$%"#*%#1"#=*7+4$%"7$"#-*%"1#*&,>%#-*<
1")$+%"4+&#)+%#1+&#)"72$+&#*%#*1#0"&,+#)"-4?")+#6#1"
/-*&$.%#"-,*-$"1;#B$#*A$&,*#'%"#7"-)"4"#-*4'))$.%#*%#1"
/-*&$.%#"-,*-$"13#*%,+%)*&#1"#('%)$.%#-*%"1#/'*4*#4*,*-$+<
-"-&*#"#/*&"-#4*1#$%)-*7*%,+#*%#*1#0"&,+#)"-4?")+;#!"
4+2',"7$%"#7*@+-"#1"#!"#$%&'(!)#8"&)'1"-#6#(")$1$,"#*1
")+/1"7$*%,+#8*%,-?)'1+<8"&)'1"-;
!"&#$%4$)")$+%*&#="2$,'"1*&#/"-"#1"#"47$%$&,-")$.%
$%,-"8*%+&"#4*#4+2',"7$%"#&+%#1"#("11"#)"-4?")"#&*<
)'%4"-$"#"#$%("-,+#"0'4+#4*1#7$+)"-4$+3#)$-'0?"#)"-<
4?")"3#*1#)=+5'*#)"-4$+09%$)+#6#*1#,-","7$*%,+#4*#1"&
*A")*-2")$+%*&#"0'4"&#4*#1"#("11"#)"-4$")"#)-.%$)";
!"&#$%('&$+%*&#$%,*-7$,*%,*&#+#)+%,$%'"&#4*#4+2',"<
7$%"#&+%#,"72$9%#'&"4"&#*%#"10'%+&#/")$*%,*&#)+7+
/'*%,*#"#,-"&/1"%,*#6#/"-"#*1#,-","7$*%,+#4*1#*&,"4+
,*-7$%"1#-*(-"),"-$+#4*#1"#("11"#)"-4?")";#c,-"#$%4$)"<
)$.%#7*%+&#(-*)'*%,*#*&#*1#,-","7$*%,+#4*1#*&/"&7+
/*-$<+/*-",+-$+#4*#1"#"-,*-$"#,+->)$)"#$%,*-%"#DJJH;
Z+7/"-"4"#)+%#4$0+A$%"#E[3#1"#4+2',"7$%"#="#4*<
7+&,-"4+#&*-#&'/*-$+-#*%#*1#$%)-*7*%,+#4*1#0"&,+#)"-<
4?")+#6#*%#1"#4$&7$%')$.%#4*#1"#/-*&$.%#)"/$1"-#/'17+<
%"-#*%#/")$*%,*&#)+%#("11"#)"-4?")"#1*8*#"#7+4*-"4"
/+&,*-$+-#"#$%("-,+#"0'4+#4*1#7$+)"-4$+#DJTH;#F-*%,*#"
4+/"7$%"#*%#/")$*%,*&#)+%#)+1"/&+#)$-)'1",+-$+#)"-<
4$+09%$)+# 6# &*8*-"# ("11"# )"-4?")"3# *1# $%)-*7*%,+# 4*1
0"&,+# )"-4$")+# 4*# 1"# 4+2',"7$%"# *&# 7"6+-# DJMH3# &$%
*72"-0+# 1"# 7"0%$,'4# 4*1# $%)-*7*%,+# *%# 1"# /-*&$.%
"-,*-$"1# *&# 7"6+-# )+%# 4+/"7$%";# Z+%# "1,"&# 4+&$&# 4*
4+2',"7$%"3#1"#/-*&$.%#"-,*-$"1#4$&7$%'6*#)+7+#)+%<
&*)'*%)$"#4*#'%"#7"-)"4"#-*4'))$.%#*%#1"#-*&$&,*%)$"
8"&)'1"-#&$&,97$)";
!"#4+2',"7$%"#*&#'&"4"#(-*)'*%,*7*%,*#*%#*1#,-","<
7$*%,+#4*1#2"@+#0"&,+#)"-4?")+#&*)'%4"-$+#"#$%("-,+#4*1
7$+)"-4$+# )+7/1$)"4+;# C%# "'&*%)$"# 4*# '%"# "4*)'"4"
,*-"/$"# 4*# -*/*-('&$.%3# *1# '&+# 4*# "0*%,*&# $%+,-./$)+&
/+&$,$8+&3#$%)1'6*%4+#4+2',"7$%"3#%+#&*#"&+)$"#)+%#'%
&+&,*%$4+#$%)-*7*%,+#*%#1"#)+%,-"),$1$4"4#6#/+-#*%4*#1+&
4*&*%1")*&#%+#/'*4*%#&*-#7*@+-"4+&;#C%#/")$*%,*&#)+%
)=+5'*#)"-4$+09%$)+#1+&#"0*%,*&#$%+,-./$)+&#&+%#'&"<
4+&# )+7+# ,-","7$*%,+# 4*# &+/+-,*# "&+)$"4+# "# ,*-"/$"&
)+7+#*1#2"1.%#4*#)+%,-"#/'1&")$.%#$%,-"<".-,$)+#DJNH;#C%

/")$*%,*&#)+%#$%("-,+#4*1#8*%,-?)'1+#4*-*)=+3#1"#4+2',"<
7$%"#*&#*(*),$8"#/"-"#$%)-*7*%,"-#*1#0"&,+#)"-4?")+#6
7*@+-"-#1"#(-"))$.%#4*#*6*))$.%#8*%,-$)'1"-#4*-*)="#DJOH;
C%#+)"&$+%*&#1"#4+2',"7$%"#="#&$4+#'&"4"#/"-"#7*<
@+-"-#1"#=*7+4$%"7$"#4*#1+&#/")$*%,*&#)+%#$%&'($)$*%<
)$"#8"18'1"-#/-$7"-$";#C%#1"#$%&'($)$*%)$"#7$,-"1#6#".-,$)"3
*1#8+1'7*%#1",$4+#/'*4*#$%)-*7*%,"-&*#)+%#1"#-*4')<
)$.%#4*1#8+1'7*%#-*0'-0$,"%,*#DJTH;#B'#*(*),+#&+2-*#1"
-*4'))$.%#4*#1"&#/-*&$+%*&#/'17+%"-*&#*&#'&'"17*%,*
7+4*&,+;#!+&#8"&+4$1","4+-*&#)+%#/-+/$*4"4*&#4*#4$<
1",")$.%#"-,*-$"1#D*0;#%$,-+/-'&$",+3#=$4-"1")$%"#+#(*%,+<
1"7$%"H3#/"-*)*%#,*%*-#'%#7*@+-#*(*),+#=*7+4$%>7$)+
*%#/")$*%,*&#)+%#$%&'($)$*%)$"#7$,-"1;#C%#1+&#/")$*%,*&
)+%#*&,*%+&$&#8"18'1"-3#1"#4+2',"7$%"#/'*4*#)"'&"-#*7<
/*+-"7$*%,+#=*7+4$%>7$)+#/+-#$%)-*7*%,+#*%#1"#/-*<
&$.%#8*%+&"#/'17+%"-#&*)'%4"-$"#"#'%#$%)-*7*%,+#*%#1"
(-*)'*%)$"#)"-4?")";#L'%5'*#1"#4+2',"7$%"#/'*4*#$%)-*<
7*%,"-# *1# 8+1'7*%# 1",$4+# *%# /")$*%,*&# )+%# *&,*%+&$&
".-,$)"#&$0%$($)",$8"#1"#=$/+,*%&$.%#6#*1#&?%)+/*#/'*4*%
4*&"--+11"-&*#)+7+#-*&'1,"4+#4*1#$%)-*7*%,+#-*1",$8"7*%<
,*#/*5'*d+#4*1#0"&,+#)"-4?")+#*%#)+7/"-")$.%#)+%#1"
/-+%'%)$"4"#8"&+4$1",")$.%#/*-$(9-$)";
L'%5'*#*1#/"/*1#4*#1"#4+2',"7$%"#*%#*1#7"%*@+#4*#1"
("11"#)"-4?")"#&*)'%4"-$"#"##*%(*-7*4"4#8"18'1"-#/-$7"-$"
*&#1$7$,"4+3#&'#7"6+-#',$1$4"4#)+%&$&,*#*%#1"#8"1+-")$.%#4*
1"#&*8*-$4"4#4*#1"#*&,*%+&$&#".-,$)"#*%#1+&#/")$*%,*&#)+%
2"@+#0-"4$*%,*#,-"&<8"18'1"-#6#-*4'))$.%#4*#1"#(-"))$.%#4*
*6*))$.%;#B$#4'-"%,*#'%"#$%('&$.%#4*#4+2',"7$%"#*1#$%)-*<
7*%,+#4*1#8+1'7*%#1",$4+#*&#/-+/+-)$+%"1#"#'%#"'7*%,+
*%#*1#0-"4$*%,*#".-,$)+3#&*#/-*&*%,"#*&,*%+&$&#".-,$)"#=*<
7+4$%>7$)"7*%,*#&$0%$($)",$8"#/+-#1+#)'"1#*&#%*)*&"-$+
*(*),'"-# 1"#)+--*))$.%#7*)>%$)"#4*#1"#*&,*%+&$&3#$%4*<
/*%4$*%,*7*%,*#4*1#)+7/-+7$&+#4*#(-"))$.%#4*#*6*))$.%;
S+-#*1#)+%,-"-$+3#&$#*1#0-"4$*%,*#8"18'1"-#".-,$)+#%+#&*#$%<
)-*7*%,"# &$0%$($)",$8"7*%,*3# *%,+%)*&# '%# 4*(*),+
7$+/>,$)+#*&#*1#7*)"%$&7+#/+-#*1#)'"1#*&,>#-*4')$4"#1"
(-"))$.%#4*#*6*))$.%3#1'*0+#*%#*&,+&#/")$*%,*&#*1#-**7<
/1":+#8"18'1"-#/+4-?"#*&,"-#)+%,-"$%4$)"4+;
C%# /")$*%,*&# )+%# ("11"# /-$7"-$"# 4$"&,.1$)"# 4*1
8*%,-?)'1+#$:5'$*-4+3#1"#$%('&$.%#4*#4+2',"7$%"#/'*4*
*&,"-#"&+)$"4"#)+%#'%#$%)-*7*%,+#*%#1"#-*1"@")$.%#7*<
4$"4+#/+-#)LRS3#"'%5'*#*1#"'7*%,+#)+%)+7$,"%,*#*%
1"#(-*)'*%)$"#)"-4?")"#/'4$*-"#)+7/-+7*,*-#*1#11*%"4+

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

4$"&,.1$)+;#!+&#*(*),+&#=*7+4$%>7$)+&#4*#1"#4+2',"<
7$%"#*%#/")$*%,*&#)+%#("11"#4$"&,.1$)"#/-$7"-$"3#%+#="%
&$4+#*8"1'"4+&#"4*)'"4"7*%,*;
C1#'&+#)1?%$)+#7>&#)+7I%#4*#1"#4+2',"7$%"#*&#*1
7"%*@+# /+-# )+-,+# ,$*7/+# *%# 1"# ("11"# )"-4?")"# )-.%$)"
&$&,.1$)"#4*&)+7/*%&"4"#DJYH;#C%#7')="&#$%&,$,')$+%*&3
1"#4+&$&#./,$7"#&*#4*,*-7$%"#/+-#)",*,*-$&7+#4*-*)=+;
!"# $%('&$.%# $%,*-7$,*%,*# 4*# 4+2',"7$%"3# "7/1$"7*%,*
'&"4"#*%#*1#,-","7$*%,+#4*#1"#("11"#-*(-"),"-$"3#/+&**#'%
*(*),+#2*%9($)+#)1?%$)+#"#)+-,+#,$*7/+;#C%#7')=+&#)*%<
,-+&# 4*# ("11"# )"-4?")"3# 1"&# $%('&$+%*&# $%,*-7$,*%,*&# 4*
4+2',"7$%"# &+%# "47$%$&,-"4"&# *%# 1+&# /")$*%,*&
"72'1",+-$+&3#"'%5'*#/"-*)*#"&+)$"-&*#"#'%#$%)-*7*%,+
*%#1"#(-*)'*%)$"#4*#7'*-,*#&I2$,"#DJ]H;
!"&#$%('&$+%*&#)+%,$%'"&#"#1"-0+#/1":+#)+%#4+2',"<
7$%"#="%#&$4+#'&"4"&#*%#*1#7"%*@+#4*#1"#("11"#)"-4?")"
-*(-"),"-$"# 6# )+7+# /'*%,*# "# ,-"%&/1"%,*;# !"# $%('&$.%
)+%,$%'"#4*#4+2',"7$%"#/+-#]M#=+-"&#+#7>&3#*&,>#"&+<
)$"4"#)+%#*1#4*&"--+11+#4*#,+1*-"%)$"#6#7>&#(-*)'*%,*<
7*%,*#)+%#'%#*"+(,-)./%'0&"(14*#1+&#-*)*/,+-*&# DJaH;
!"#,*-"/$"#)+%,$%'"#)-.%$)"#&*#"&+)$"#)+%#1"#7*@+-?"
&$%,+7>,$)"#4*#1"#("11"#)"-4?")"3#$%)-*7*%,"%4+#1"#,+1*<
-"%)$"#"1#*@*-)$)$+3#1"#(-"))$.%#4*#*6*))$.%#6#1"#)"1$4"4
4*#8$4"3#"'%5'*#)+7+#6"#&*#4$@+3#&*#"&+)$"#)+%#'%#"'<
7*%,+#*%#*1#-$*&0+#4*#7'*-,*#&I2$,"3#&*0'-"7*%,*#&*<
)'%4"-$+#"#&'#/+,*%)$"1#"--$,7+09%$)+#DJbH;
B*#-*)+7$*%4"#'%#)'$4"4+&+#7+%$,+-*+#6#&*1*))$.%
4*# 1+&# /")$*%,*&# /"-"# 4$&7$%'$-# *1# -$*&0+# 4*# 7'*-,*
4'-"%,*#1"&#,*-"/$"&#"72'1",+-$"&3#*&/*)$"17*%,*#*%#1+&
/")$*%,*&#)+%#("11"#)"-4?")"#-*(-"),"-$"#6#/"-"#5'$*%*&
&*#*%)'*%,-"%#*&/*-"%4+#,-"%&/1"%,*#DM`H;#C1#2*%*($)$+
=*7+4$%>7$)+#4*#1"#4+2',"7$%"#*&#4+)'7*%,"4+#4'<
-"%,*#1+&#)",*,*-$&7+&#4*-*)=+&#*%#1+&#)'"1*&#&*#4*,*-<
7$%"#1"#4+&$&#./,$7"#$%4$8$4'"1#*%#)"4"#'%+#4*#1+&#/"<
)$*%,*&;#C1#7+%$,+-*+#e+1,*-#"%,*&#6#="&,"#4+&#4?"&#4*&<
/'9&#4*1#$%$)$+#4*#1"#$%('&$.%3#="#/*-7$,$4+#4+)'7*%<
,"-#*1#/+,*%)$"1#"--$,7+09%$)+#4*#1"#4+2',"7$%";#!+&
/")$*%,*&#)+%#,"5'$)"-4$"#8*%,-$)'1"-#&$%,+7>,$)"#+#)+%
=$&,+-$"#("7$1$"-#4*#7'*-,*#&I2$,"3#4*2*%#&*-#*A)1'$4+&
4*#1"#,*-"/$"#)+%#4+2',"7$%";#!"#"/-+/$"4"#&*1*))$.%#6
)'$4"4+&+#7+%$,+-*+#=")*%#4*#1"#,*-"/$"#$%,-"8*%+&"
$%+,-./$)"# )+%# 4+2',"7$%"# '%"# +/)$.%# -*1",$8"7*%,*
&*0'-"3#)"/":#4*#7*@+-"-#*1#*&,"4+#)1?%$)+#4*#1+&#/"<
)$*%,*&#6#1+&#)+&,+&#4*#=+&/$,"1$:")$.%;

!"# 4+2',"7$%"# ="# &$4+# )+7/"-"4"# ,"72$9%# )+%


8"&+4$1",+-*&#4*1#,$/+#%$,-+/-'&$",+;#C%#/")$*%,*&#*%#*&/*<
-"#4*#,-"%&/1"%,*#6#"#4+&$&#4*#]fN#0^_0^7$%#4*7+&,-.
4*&/'9&#4*#'%#7*&#4*#,-","7$*%,+3#&*-##&$0%$($)",$8"7*%,*
7>&# 492$1# *%# 1"# -*4'))$.%# )+72$%"4"# 4*# 7'*-,*# 6
,-"%&/1"%,*#(-*%,*#"#%$,-+/-'&$",+#DaOg#8&;#TJg#-*&/*),$<
8"7*%,*3#/h`;`JH#DMJH;#L#4+&$&#4*#`;]YfN#0^_0^7$%
*1#%$,-+/-'&$",+#4*7+&,-.#&*-#'%"#,*-"/$"#("),$21*#*%#/"<
)$*%,*&#)+%#("11"#)"-4?")"#"8"%:"4"3#/'4$*%4+#$%)1'&+#&*&'/*-$+-#"#1"#,*-"/$"#)+%#4+2',"7$%"#*%#(+-7"#$%,*-7$,*%<
,*3#7>&#&$#&*#,$*%*#*%#)'*%,"#5'*#*%#*&,*#,$/+#4*#/")$*%,*&3
1"#,*-"/$"#$%,-"8*%+&"#)+%#4+2',"7$%"#*&,>#"&+)$"4"#)+%
'%#$%)-*7*%,+#4*1#-$*&0+#4*#7'*-,*#DMMH;
i*)$*%,*7*%,*3#%'*8+&#"0*%,*&#4*1#,$/+#%*'-+<=+-<
7+%"1#)+7+#*1#/9/,$4+#*A.0*%+#%",-$'-9,$)+#)*-*2-"1
DMNH# 6# *1# "0*%,*# 7*,"2.1$)+# -"%+1"A$%"3# '%# $%=$2$4+/"-)$"1#4*#1"#+A$4")$.%#4*#>)$4+&#0-"&+&#DMOH3#="%#&$4+
$%)+-/+-"4+&#"1#7"%*@+#4*#*&,+&#/")$*%,*&#)+%#-*&'1<
,"4+&#&$7$1"-*&#"#1"#4+2',"7$%"#/*-+#&$%#*1#$%)-*7*%,+
*%#*1#)+%&'7+#4*#+A?0*%+;#C&,+&#%'*8+&#"0*%,*&#,"1
8*:#/'*4"%#*%#'%#(','-+#1$7$,"-#*1#'&+#4*#1"#4+2',"7$%"
6#)+%&,$,'$-&*#*%#'%"#"1,*-%",$8"#/"-"#*1#7"%*@+#4*#1"
("11"#)"-4?")"#"8"%:"4";

2-*+)($+
j&,"#*&#+,-+#"0*%,*#&$7/",$)+7$79,$)+#'&"4+#(-*<
)'*%,*7*%,*#*%#'%$4"4*&#4*#)'$4"4+#$%,*%&$8+3#/-$%<
)$/"17*%,*#*%#*1#7"%*@+#4*#1"#=$/+,*%&$.%3#/"-"#1+#)'"1
&*#-*5'$*-*%#4+&$&#8"&+"),$8"&#DT<M`#0^_0^7$%H;#!"&
4+&$&#$%,*-7*4$"&#DN<]#0^_0^7$%H#&+%#'&"4"&#)'"%4+
*1#+2@*,$8+#/-$7"-$+#*&#*1#$%)-*7*%,+#*%#1"#)+%,-"),$1$<
4"4;#C%#*1#)=+5'*#)"-4$+09%$)+#4+&$&#$%,*-7*4$"&#+
"1,"&#&+%#'&'"17*%,*#%*)*&"-$"&#/"-"#7*@+-"-#1"#)+%<
,-"),$1$4"4#6#1"#-*&$&,*%)$"#8"&)'1"-#&$&,97$)"#6#7"%,*<
%*-#'%"#"4*)'"4"#/-*&$.%#"-,*-$"1;#C&,"&#"))$+%*&#4*<
,*-7$%"%#'%#$%)-*7*%,+#*%#*1#)+%&'7+#4*#+A?0*%+#7$+<
)>-4$)+#4*2$4+#"#'%#"'7*%,+#*%#1"#(-*)'*%)$"#)"-4?")"
6#*%#1"#8"&+)+%&,-$))$.%#)+-+%"-$"#5'*#-*&'1,"#4*#1"#")<
,$8")$.%#4*#1+&#-*)*/,+-*&##6##-*&/*),$8"7*%,*3#6#5'*
/'*4*%#)+7/-+7*,*-#1"#/*-('&$.%#)+-+%"-$"#*#$%4')$$&5'*7$";#!"#/-+4'))$.%#7$+)>-4$)"#4*#1"),",+3#="#&$4+
+2&*-8"4"#*%#-*&/'*&,"#"#1"#4+/"7$%"#*%#/")$*%,*&#)+%
$%("-,+#4*1#7$+)"-4$+#6#("11"#4*#2+72"3#%+#+2&,"%,*#&*
+2&*-8"#7*@+-?"#*%#1+&#/",-+%*&#=*7+4$%>7$)+&#DMTH;

!":

!";

/012+1-'#2&+)34#(&-'5',%-&%(+#,&-''6'6'6

C%#/")$*%,*&#)+%#$%("-,+#4*1#8*%,-?)'1+#4*-*)=+#)+7<
/1$)"4+#)+%#("11"#*#=$/+,*%&$.%3#1"#4+/"7$%"#/'*4*
$%)-*7*%,"-#*1#0"&,+#&$&,97$)+#6#1"#/-*&$.%#"-,*-$"1;
C%#/")$*%,*&#)+%#)=+5'*#)"-4$+09%$)+#&*)'%4"-$+#"
$%("-,+#7$+)>-4$)+#2$*%#&*"#4*-*)=+#+#$:5'$*-4+3#1+&
8"&+/-*&+-*&#+#1+&#"0*%,*&#$%+,-./$)+&3#$%)1'6*%4+
1"#4+/"7$%"3#&+%#$%*(*),$8+&#*%#*1#7"%,*%$7$*%,+#=*<
7+4$%>7$)+#6#*%#*1#"'7*%,+#4*#1"#&+2-*8$4"#&$%#'%"
"4*)'"4"# ,*-"/$"# 4*# -*/*-('&$.%;# C%# /")$*%,*&# )+%
7$+)"-4$+#"0'4"7*%,*#$&5'97$)+3#1"#4+/"7$%"#/'*<
4*#$%4')$-#"--$,7$"&#6#/-*)$/$,"-#"%0$%";#!"#4+/"7$%"
*&#'&"4"#/"-"#7*@+-"-#1"#=*7+4$%"7$"#6#)+--*0$-#1"
=$/+,*%&$.%#*%#1+&#/")$*%,*&#5'*#="%#&$4+#11*8"4+&#"
)$-'0?"#)"-4?")"U#*%#*&,+&#)"&+&#(-*)'*%,*7*%,*#&*
"&+)$"#"#+,-+&#8"&+/-*&+-*&#D$%+4$1","4+-*&H3#/"-"#/-+<
,*0*-#1"#('%)$.%#-*%"1;
C%#/")$*%,*&#)+%#)=+5'*#&9/,$)+3#4+&$&#"1,"&#4*#4+<
/"7$%"3# (-*)'*%,*7*%,*# &'/*-$+-*&# "# M`# 70^_0^7$%
&+%#'&"4"&#/"-"#7"%,*%*-#1"#/-*&$.%#"-,*-$"1U#"'%5'*
1"&# "1,"&# 4+&$&# 4*# 4+/"7$%"# &+%# (-*)'*%,*7*%,*
$%*(*),$8"&#)+7+#)+%&*)'*%)$"#4*#1"#/"->1$&$&#&*8*-"
/-$7"-$"#-*1")$+%"4"#)+%#1"#&*/&$&;#!+&#8"&+/-*&+-*&3
$%)1'6*%4+#1"#4+/"7$%"#%+#7*@+-"%#*1#/-+%.&,$)+#4*
1+&#/")$*%,*&#)+%#)=+5'*#&9/,$)+;
\"@"&# 4+&$&# 4*# 4+/"7$%"# D`;T<N# 0^_0^7$%H# &+%
'&"4"&#/"-"#7*@+-"-#1"#('%)$.%#-*%"1#*%#/")$*%,*&#)+%
("11"#-*%"1#6#+1$0'-$"#/-$7"-$"#+#&*)'%4"-$"3#6"#5'*#&'
/-+/$*4"4# 8"&+4$1","4+-"# -*%"1# 1*# )+%($*-*# "))$+%*&
%",-$'-9,$)"&#6#-*%+/-+,*),+-"&;#!+&#*(*),+&#-*%"1*&#&+%
7*4$"4+&#/+-#1"#*&,$7'1")$.%#4*#1+&#-*)*/,+-*&#-*%"<
1*&#4+/"7$%9-0$)+&#6#+)'--*%#*%#"'&*%)$"#4*#*(*),+&
=*7+4$%>7$)+&#&$&,97$)+&;#!"#4+&$&#-*%"1#4*#4+/"7$<
%"#,"72$9%#="#&$4+#'&"4"#/"-"#/-*8*%$-#1"#("11"#-*%"1
"0'4"#*%#/")$*%,*&#4*#"1,+#-$*&0+U#&$%#*72"-0+#1"#7"<
6+-?"#4*#1+&#*&,'4$+&#)+%,-+1"4+&#%+#="%#4*7+&,-"4+
2*%*($)$+3#/+-#1+#5'*#&'#'&+#4*#-',$%"3#%+#/'*4*#&*-*)+7*%4"4+#DMYH;#C%#/")$*%,*&#)+%#("11"#)"-4?")"#6
2"@+#0"&,+3#1"&#4+&$&#-*%"1*&#4*#4+/"7$%"#'&'"17*%,*
%+#7*@+-"%#1"#('%)$.%#-*%"1#6#1"#4$'-*&$&3#"#7*%+&#5'*
*1# 0"&,+# )"-4?")+# &*"# 7*@+-"4+;# !"# )+72$%")$.%# 4*
2"@"&#4+&$&#4*#4+/"7$%"#/"-"#7*@+-"-#1"#=*7+4$%"7$"
-*%"1# 4$-*),"7*%,*# 6# 4*# 4+2',"7$%"# /"-"# 7*@+-"-# *1
0"&,+#)"-4?")+#/'*4*#&*-#*(*),$8"#*%#"10'%+&#/")$*%<
,*&#)+%#2"@+#0"&,+#)"-4?")+#DM]H;

5%6-&'+"#$%#&
!"#4+/*A"7$%"3#'%#"%>1+0+#4*#"))$.%#)+-,"#4*#1"
4+/"7$%"3#*@*-)*#&'#*(*),+#"#,-"89&#4*#1"#"),$8")$.%#4*
1+&#-*)*/,+-*&#GLJ#6#M;#!"#4+/*A"7$%"#)"'&"#-*4')<
)$.%#4*#1"&#/-*&$+%*&#)"/$1"-#/'17+%"-#6#"'-$)'1"-#4*<
-*)="3#"&?#)+7+#$%)-*7*%,+#*%#*1#0"&,+#)"-4?")+;#C&"&
7*@+-?"&#=*7+4$%>7$)"&#%+#*&,>%#"&+)$"4"&#)+%#$%<
)-*7*%,+#*%#*1#)+%&'7+#4*#+A?0*%+#DMaH;#C1#/-+/$12',$1
4*#4+/"7$%"#*&#,"72$9%#'%#"0+%$&,"#/"-*%,*-"1#4*#4+<
/"7$%"3#)'6+#*(*),+#=*7+4$%>7$)+#&*#4"#/+-#1"#"),$<
8")$.%#4*#1+&#-*)*/,+-*&#GLJ#6#GLM#DMbH;#L&?#)+7+#1"
4+/*A"7$%"3#9&,*#/-+4')*#7*@+-?"#=*7+4$%>7$)";#!"&
-*1",$8"&#8*%,"@"&#4*#*&+&#%'*8+&#"0*%,*&#4+/"7$%9-<
0$)+&#%+#="%#&$4+#*&,"21*)$4"&#"I%;#c,-+&#"0*%,*&#4+<
/"7$%9-0$)+&#)+7+#2-+7+)-$/,$%"#D"0+%$&,"#GLMH#DN`H3
(*%+14+/"7#D"0+%$&,"#GLJH3#6#1*8+4+/"3#'%"#/-+<4-+<
0"#4*#4+/"7$%"3#="%#&$4+#*8"1'"4+&#*%#*1#,-","7$*%,+
4*#1"#("11"#)"-4?")"#DNJH3#/*-+#)+%#'%#2"@+#?%4$)*#4*
',$1$:")$.%#*%#1"#/->),$)"#)1?%$)"#4*2$4+#"#1+&#$%,+1*-"<
21*&#*(*),+&#&*)'%4"-$+&#+#1"#("1,"#4*#'%#*(*),+#&+&,*<
%$4+#4*#&'#"))$.%;#F*%+14+/"7#&$%#*72"-0+3#="#&$4+
"/-+2"4+#/+-#)+-,+&#/*-?+4+&#4*#,$*7/+#/"-"#'&+#$%,-"<
=+&/$,"1"-$+#*%#*1#7"%*@+#4*#1"#=$/*-,*%&$.%#&*8*-"#DNMH;
!"#$2+/"7$%"3#'%#"%>1+0+#4*#1"#4+/"7$%"3#*@*-)*
&'#*(*),+#("-7")+4$%>7$)+#6#($&$+1.0$)+#"#,-"89&#4*#1"
"),$8")$.%#4*#1+&#-*)*/,+-*&#4+/"#6#1+&#-*)*/,+-*&##6
;#L'%5'*#*%#"10'%+&#*&,'4$+&#$2+/"7$%"#4*7+&,-.
7*@+-?"#4*1#/*-($1#=*7+4$%>7$)+#6#4*1#*&,"4+#)1?%$)+
*%#/")$*%,*&#)+%#("11"#)"-4?")"#DNNH3#*1#*&,'4$+#)+%,-+<
1"4+#/-+&/*),$8+#SiERC#JJ#4*2$.#&*-#&'&/*%4$4+#/-*<
7",'-"7*%,*#"1#4*7+&,-"-&*#'%#$%)-*7*%,+#*%#1"#,"&"
4*#7'*-,*#4*#1+&#/")$*%,*&#"),$8+&3#/"-,$)'1"-7*%,*#*%
*1#0-'/+#4*#/")$*%,*&#*%#*&,"4$+#"8"%:"4+#4*#1"#*%(*-<
7*4"4# DNOH;# k'*8+&# "0*%,*&# 4+/"7$%9-0$)+&# ,"1*&
)+7+#ZeFJ`NT3#="%#*7/*:"4+#"#&*-#)1?%$)"7*%,*#*&<
,'4$"4+&3#&$%#*72"-0+#&$%#'%#*&,'4$+#"#1"-0+#/1":+#*1
/"/*1#4*#4$)=+&#"0*%,*&#*%#*1#7"%*@+#4*#1"#("11"#)"-<
4?")"#/*-7"%*)*#"I%#&$%#4*,*-7$%"-#DNTH;
!"# %+-*/$%*(-$%"# D4+&$&# '&'"1*&# M<a# 0^7$%H3# '%
"0+%$&,"#4*#-*)*/,+-*&#3#)+%#'%"#492$1#"))$.%#&+2-*#1+&
-*)*/,+-*&#3#*&#'&"4+#/-$%)$/"17*%,*#/"-"#)+--*0$-#1"
=$/+,*%&$.%# *%# /")$*%,*&# )+%# )=+5'*# )"-4$+09%$)+# +
&9/,$)+#5'*#%+#-*&/+%4*%#"#4+/"7$%";#B'#"))$.%#"0+%$&,"
# *&# 1"# -*&/+%&"21*# 4*1# $%)-*7*%,+# *%# 1"# -*&$&,*%)$"

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

8"&)'1"-#&$&,97$)"#5'*#&*#,-"4')*#)1?%$)"7*%,*#)+7+
$%)-*7*%,+#*%#1"#/-*&$.%#"-,*-$"1#DNYH;#Z'"15'$*-#$%)-*<
7*%,+#*%#*1#0"&,+#)"-4?")+#+#*%#1"#(-*)'*%)$"#)"-4?")"
)+%#1"#%+-*/$%*(-$%"3#*&#'&'"17*%,*#7+4*&,+;
!"#(*%$1*%*(-$%"#*&#,"72$9%#/-*4+7$%"%,*7*%,*#'%
"0+%$&,"#4*#1+&#-*)*/,+-*&##6#*&#'&"4+#*%#*1#,-","<
7$*%,+#4*#1"#=$/+,*%&$.%;#!+&#*(*),+&#("-7")+1.0$)+&
6#=*7+4$%>7$)+&#4*#1"#*/$%*(-$%"#*&,>%#7*4$"4+&#"
,-"89&# 4*# 1"# "),$8")$.%# 4*# 1+&# -*)*/,+-*&# # 6# ;# !"
*/$%*(-$%"#$%)-*7*%,"#1"#/-*&$.%#"-,*-$"13#1"#(-*)'*%)$"3
*1# 0"&,+# )"-4?")+# 6# *&# '&"4"# (-*)'*%,*7*%,*# *%# /"<
)$*%,*&#5'*#="%#&$4+#11*8"4+&#"#)$-'0?";#C&,"#-*1",$8"
*($)")$"#)+7/"-"4"#)+%#+,-+&#&$7/",$)+7$79,$)+&#%+
="#&$4+#"4*)'"4"7*%,*#8"1+-"4";#!"#*/$%*(-$%"#'&"4"
/-$%)$/"17*%,*#4'-"%,*#1"#-*&')$,")$.%#)"-4?")"#&*#"&+<
)$"# "# '%# $%)-*7*%,+# *%# 1"# /-*&$.%# 4*# /*-('&$.%
8*%,-$)'1"-#$:5'$*-4";#K$*%*#'%#*(*),+#7$A,+#J#6#M#6
#)+%#4+&$&#"1,"&3#1+#)'"1#*&#7'6#$7/+-,"%,*#*%#*1#/"-+
)"-4?")+#/+-5'*#)+%,-"--*&,"#*1#*(*),+#8"&+4$1","4+-#M;
!"# 4+&$&# $%+4$1","4+-"# *&# h`;`J# 0^_0^7$%# 6# 1"
$%+8"&+)+%&,-$),+-"#*&#l#`;M#0^_0^7$%;

7&-*6-%#6#$-0
C&#'%#"0+%$&,"#%+#&*1*),$8+#4*#1+&#-*)*/,+-*&#3#-"-"&
8*)*&#'&"4+#*%#1"#/->),$)"#)1?%$)"3#*A)*/,+#/"-"#*1#$%)-*<
7*%,+#*%#1"#(-*)'*%)$"#)"-4?")"#)+7+#$%4$)")$.%#"$&1"<
4"3# )+7+# *%# &+2-*4+&$&# /+-# 2*,"21+5'*"4+-*&;# C1
$&+/-+,*-*%+1#*&#'%#/+,*%,*#"--$,7+09%$)+#/+-#1+#5'*#(-*<
)'*%,*7*%,*#$%4')*#"--$,7$"&#8*%,-$)'1"-*&;
C%#-*&'7*%3#1+&#"0*%,*&#&$7/",$)+7$79,$)+&3#$%<
)1'6*%4+#4+2',"7$%"#6#4+/"7$%"3#/'*4*%#&*-#'&"4+&
*%#/")$*%,*&#)+%#("11"#)"-4?")"#"0'4"#+#4'-"%,*#*A"<
)*-2")$+%*&# "0'4"&# 4*# ("11"# )"-4?")"# )-.%$)"3# )+7+
,*-"/$"#"#)+-,+#/1":+#/"-"#)+--*0$-#1"#=$/+,*%&$.%#6#*1
*&,"4+#4*#2"@+#0"&,+U#'&'"17*%,*#"'7*%,"%#1"#7+-,"<
1$4"43# "'%5'*# *1# *&,"4+# )1?%$)+# 6# 1"# )"1$4"4# 4*# 8$4"
7*@+-*%;

345'6'()78&*(8*"1*9)&9)('8&,871&1
:3;<=
L'7*%,"%#1"#)+%,-"),$1$4"4#7$+)>-4$)"#/+-#$%)-*7*%,+
4*1#)LRS#$%,-")*1'1"-3#1+#5'*#-*&'1,"#*%#1"#$%=$2$)$.%#4*
1"#4*0-"4")$.%#4*#1"#*%:$7"#(+&(+4$*&,*-"&"#EEE;#!"#$%=$2$<

)$.%#)"-4$+<*&/*)?($)"#4*#1"#(+&(+4$*&,*-"&"3#"&?#)+7+
&'#/+,*%)$"1#7*@+-?"#*%#1"&#('%)$+%*&#4$"&,.1$)"#6#&$&,.1$)"3
="%# &$4+# "7/1$"7*%,*# *&,'4$"4"&;# L0*%,*&# )+7+# *1
"7-$%+%*#D4+&$&#2+1+#`;]T#0^_03#7"%,*%$7$*%,+#M;T<
Ja#0^_0^7$%H3#'%+#4*#1+&#/-$7*-+&#EFG#'&"4+&3#4*7+&<
,-.#7*@+-?"#*%#1"#('%)$.%#4$"&,.1$)"#6#&$&,.1$)"3#"&?#)+7+
4*#1+&#7*)"%$&7+&#*%*-09,$)+&#4*1#7$+)"-4$+;#B$%#*7<
2"-0+3# "'%5'*# "7-$%+%*# %+# 4*7+&,-.# &*-# 7*@+-# 5'*
4$0+A$%"3#&?#('*#/+&$21*#*8$4*%)$"-#'%#$%)-*7*%,+#*%#1"
,+1*-"%)$"#"1#*@*-)$)$+#6#*%#*1#*&,"4+#('%)$+%"1#4*#1+&
/")$*%,*&#DN]H;#C1#7$1-$%+%*#D4+&$&#4*#$7/-*0%")$.%#T`<
]T#0^_03# 7"%,*%$7$*%,+# `;N]T<`;]T# 0^_0^7$%H3# '%
7>&#/+,*%,*#EFG3#)'"%4+#*&#"47$%$&,-"4+#*%#(+-7"#$%<
,-"8*%+&"#/-+4')*#'%#7"-)"4+#2*%*($)$+#*%#1"#-*&/'*&,"
=*7+4$%>7$)"#4*#1+&#/")$*%,*&#)+%#("11"#)"-4?")";#!+&
*(*),+&#=*7+4$%>7$)+&#4*#*&,*#"0*%,*#*&,>%#)"-"),*-$<
:"4+&#/+-#'%"#&'&,"%)$"1#4$&7$%')$.%#*%#1"&#/-*&$+%*&
/'17+%"-3#8*%+&"</'17+%"-#6#"'-$)'1"-3#"&?#)+7+#/+'%#$7/+-,"%,*#$%)-*7*%,+#*%#*1#8+1'7*%#1",$4+#6#*%#*1
0"&,+#)"-4?")+#DNaH;#L'%5'*#*A$&,*#'%"#7"-)"4"#4$&7$<
%')$.%#*%#1"#-*&$&,*%)$"#&$&,97$)"#6#8"&)'1"-#/'17+%"-3
1"#(-*)'*%)$"#)"-4?")"#6#1"#/-*&$.%#"-,*-$"1#7*4$"#8"-?"%
7'6#/+)+;#R$1-$%+%*#7*@+-"#1"#('%)$.%#4$"&,.1$)"3#1"#8"<
&+4$1",")$.%#)+-+%"-$"3#1"#=*7+4$%"7$"#6#1"#('%)$.%#8*%<
,-$)'1"-#&$%#'%#$%)-*7*%,+#"&+)$"4+#*%#*1#)+%&'7+#4*
+A?0*%+;#C&,'4$+&#7'1,$)9%,-$)+&#DNbH#="%#4*7+&,-"4+
1"#7*@+-?"#=*7+4$%>7$)"#&+&,*%$4"#4'-"%,*#1"#$%('&$.%
4*#7$1-$%+%*#/+-#Oa#=+-"&#*%#4$(*-*%,*&#4+&$&#D`;N]T3
`;T`3#.#`;]T#0^_0^7$%H;#G'-"%,*#1"#$%('&$.%3#&*#/-+4'<
)*#'%#&+&,*%$4+#$%)-*7*%,+#*%#*1#0"&,+#)"-4?")+#DNOg#"
]NgH#4$&7$%')$.%#*%#1"#/-*&$.%#)"/$1"-#/'17+%"-#DN`gH
6#"1$8$+#4*#&?%,+7"&#)+7+#4$&%*"3#+-,+/%*"3#*4*7"&#6
(",$0";#!"#$%('&$.%#&*#,+1*-"#"4*)'"4"7*%,*#&$%#*8$4*%<
)$"#4*#*(*),+&#&*)'%4"-$+&#)1?%$)"7*%,*#-*1*8"%,*&;
!+&# *(*),+&# =*7+4$%>7$)+&# 4*# 7$1-$%+%*# ('*-+%
)+7/"-"4+&#)+%#1+&#4*#4+2',"7$%"#6#%$,-+/-'&$",+#*%
1+&#7$&7+&#/")$*%,*&#DO`H;#C&,+&#,-*&#"0*%,*&#$%)-*<
7*%,"-+%#*1#0"&,+#)"-4?")+#*%#&$7$1"-#/-+/+-)$.%;#!"
7"0%$,'4#4*#1"#4$&7$%')$.%#)"/$1"-#/'17+%"-#)+%#4+<
2',"7$%"#('*#7')=+#7*%+-#5'*#)+%#7$1-$%+%*#+#%$,-+<
/-'&$",+;#!"#7"0%$,'4#4*#1"#4$&7$%')$.%#4*#1"#/-*&$.%
"-,*-$"1#7*4$"3##('*#7"6+-#)+%#%$,-+/-'&$",+#6#7*%+)+%#4+2',"7$%";#C1#)+%&'7+#4*#+A?0*%+#7$+)>-4$)+
&*#$%)-*7*%,.#)+%#4+2',"7$%"3#/-*&'7$21*7*%,*#)+7+

!"<

!"=

/012+1-'#2&+)34#(&-'5',%-&%(+#,&-''6'6'6

-*&'1,"4+#4*#'%#$%)-*7*%,+#*%#1"#(-*)'*%)$"#)"-4?")";
k+#&*#*8$4*%)$"-+%#)"72$+&#&$0%$($)",$8+&#*%#*1#)+%<
&'7+#4*#+A?0*%+#7$+)>-4$)+#)+%#7$1-$%+%*#+#%$,-+/-'<
&$",+;#!"#-*&/'*&,"#$%+,-./$)"#4*#7$1-$%+%*#('*#&'/*-$+"#1"#4+2',"7$%";#!"#-*&/'*&,"#&+2-*#1"#)+%,-"),$1$4"4
7$+)>-4$)"#4*#1"#4+2',"7$%"#/"-*)$.#",*%'"-&*#)+7+
-*&'1,"4+#4*1#*"+(,-)./%'0&"(#4*#1+&#-*)*/,+-*&##4*1
)+-":.%# *%# ("11";# !"# -*&/'*&,"# $%+,-./$)"# /+&$,$8"# "1
7$1-$%+%*#&*#/-*&*-8"#*%#*1#)+-":.%#*%#("11"3#/+-5'*
"),I"#*%#1"#/"-,*#4$&,"1#4*1#-*)*/,+-#<#"4-*%9-0$)+;#C1
*(*),+#4*1#7$1-$%+%*#+-"1#*&#&$7$1"-#"1#4*1#7$1-$%+%*#$%<
,-"8*%+&+#*%#/")$*%,*&#)+%#("11"#)-.%$)"3#"'%5'*#/*-<
7"%*)*#/+-#1"-0+#,$*7/+;
C%+A$7+%*3#+,-+#EFG#="#&$4+#*8"1'"4+#*%#/")$*%,*&
)+%# ("11"# )"-4?")";# L4$)$+%"1# "# &'# *(*),+# /-$7"-$+
$%+,-./$)+#/+&$,$8+#6#8"&+4$1","4+-3#/-+4')*#'%#7"-)"4+
$%)-*7*%,+#4*1#?%4$)*#)"-4?")+3#8+1'7*%#1",$4+3#*#?%4$)*
4*#,-"2"@+#8*%,-$)'1"-3#)+%#'%"#&$0%$($)",$8"#4$&7$%')$.%
*%#1"#/-*&$.%#)"/$1"-#6#"-,*-$"1#/'17+%"-#DOJH;#C%+A$7+%*
,"72$9%#"1,*-"#/+)+#1"#(-*)'*%)$"#)"-4?")"#6#1"#/-*&$.%
"-,*-$"13#=*)=+&#5'*#*8*%,'"17*%,*#/'*4*%#)+%,-$2'$-#"1
7*@+-"7$*%,+#4*#1"#4$&,*%&$2$1$4"4#8*%,-$)'1"-#$:5'$*-4";
L1#$0'"1#5'*#7$1-$%+%*3#*%+A$7+%*#%+#$%)-*7*%,"#*1#)+%<
&'7+#4*#+A?0*%+#7$+)>-4$)+3#/+-#1+#5'*#/'*4*#&*-#'&"<
4+#*%#(+-7"#&*0'-"#,"%,+#*%#/")$*%,*&#)+%#4$&('%)$.%
8*%,-$)'1"-#$&5'97$)"#+#%+#$&5'97$)";
!+&#EFG#7*@+-"%#1"#=*7+4$%"7$"#6#/+&**%#)+7+
*(*),+#)+1",*-"1#1"#$%=$2$)$.%#4*#1"#"0-*0")$.%#/1"5'*<
,"-$"#DOMH#6#1"#$%=$2$)$.%#4*#1"#(+-7")$.%#4*#)$,+5'$%"&
/-+<$%(1"7",+-$"&#DONH;

.84&'6'"'>1()78&*(8"*$1"$')
j&,+&#%+#-*5'$*-*%#)LRS#+#$%)-*7*%,+#4*1#)"1)$+
*%#*1#)$,+&+13#/*-+#&?#"'7*%,"%#1"#&*%&$2$1$4"4#4*#1+&
7$+($1"7*%,+&#"#9&,*;#!+&#&*%&$2$1$:"4+-*&#4*1#)"1)$+
7+4'1"%#1+&#/-+)*&+&#)+%,->),$1*&#"#4$(*-*%,*&#%$8*1*&
DJH#("8+-*)$*%4+#1"#'%$.%#4*#)"1)$+#"#1"#,-+/+%$%"#Z3
2$*%#&*"#4$-*),"7*%,*#+#$%)-*7*%,"%4+#1+&#%$8*1*&#('%<
)$+%"1*&# 4*1# )"1)$+# *%# 1"# &?&,+1*# ,*7/-"%"# D/$7+<
2*%4"%H#6#DMH#7+4'1"%4+#1"#(+-7")$.%#4*#/'*%,*&#)-'<
:"4+&#)$%9,$)+&;
!+&#*(*),+&#=*7+4$%>7$)+&#4*1#/$7+2*%4"%#+-"1
&*#)"-"),*-$:"%#/+-#'%#&$0%$($)",$8+#$%)-*7*%,+#*%#*1

?%4$)*#)"-4?")+#6#8+1'7*%#1",$4+3#"&?#)+7+#'%"#-*4')<
)$.%#*%#1"#/-*&$.%#)"/$1"-#/'17+%"-3#-*&$&,*%)$"#8"&)'1"&$&,97$)"3#'%#$%)-*7*%,+#*%#1"#)"/")$4"4#4*#*@*-)$)$+3
)1"&*#('%)$+%"13#)"1$4"4#4*#8$4"#6#)+%&'7+#4*#+A?0*%+
DOOH;#!+&#*(*),+&#=*7+4$%>7$)+&#4*1#1*8+&$7*%4"%3
+,-+#"0*%,*#&*%&$2$1$:"%,*#4*1#)"1)$+3#&+%#&$7$1"-*&#"1
/$7+2*%4"%#6#*&,>%#)"-"),*-$:"4+&#/+-#'%#&'&,"%)$"1
$%)-*7*%,+#*%#*1#0"&,+#)"-4?")+#6#4$&7$%')$.%#4*#1"&
/-*&$+%*&#)"/$1"-*&#/'17+%"-*&#&$%#*8$4*%)$"#)1?%$)"
4*#=$/+,*%&$.%#&$&,97$)"#DOTH;#C1#*(*),+#4*#1*8+&$7*%<
4"%#&+2-*#1"#7*@+-?"#=*7+4$%>7$)"#6#*1#*&,"4+#)1?%$)+
4*#1+&#/")$*%,*&#/"-*)*#/*-&$&,$-#"#1"-0+#/1":+;
[*&%"-$%+%*3#'%#4*-$8"4+#&$%,9,$)+3#*@*-)*#&'#*(*),+
$%+,-./$)+#/+&$,$8+#"#,-"89&#4*#7I1,$/1*&#7*)"%$&7+&
D"0*%,*#$%+,-./$)+#,$/+#E[H;#!"#4$&7$%')$.%#*%#*1#,$*7<
/+#4*#$%,*-)"72$+#4*#1"#)+--$*%,*#4*#/+,"&$+#6#*1#$%)-*<
7*%,+#*%#*1#,$*7/+#*%#1"#"/*-,'-"#4*#1+&#)"%"1*&#4*
&+4$+3#"&+)$"4+#)+%#$%=$2$)$.%#4*#1"#(+&(+4$*&,*-"&"#,$/+
EEE3#&+%#"10'%+&#4*#1+&#/+&$21*&#7*)"%$&7+&#$%+,-./$<
)+&;#[*&%"-$%+%*#",*%I"#,"72$9%#1"#/-+4'))$.%#4*#)$<
,+5'$%"&# /-+<$%(1"7",+-$"&3# $%)1'6*%4+# ("),+-# 4*
%*)-+&$&# ,'7+-"1# *# $%,*-1*'_$%"<Y# DOYH;# C%# /")$*%,*&
)+%#("11"#)"-4?")"3#*&,"#,*-"/$"#="#&$4+#"&+)$"4"#)+%
7*@+-?"#=*7+4$%>7$)"#6#*%#1"#)"/")$4"4#4*#*@*-)$)$+;

?)4$"#&')48&
!+&#"0*%,*&#$%+,-./$)+&#%+#*&,>%#$%4$)"4+&#*%#/"<
)$*%,*&#)+%#("11"#)"-4?")"#1*8*#"#7+4*-"4"#&*)'%4"-$"
"#$%("-,+#7$+)>-4$)+3#6"#5'*#1+&#$%=$2$4+-*&#4*#1"#*%:$<
7"#)+%8*-,$4+-"#6#1+&#2*,"21+5'*"4+-*&#&+%#1"&#,*-"<
/$"&#7>&#"/-+/$"4"&;#G+2',"7$%"#6#7$1-$%+%*#$%)-*<
7*%,"%#*1#0"&,+#)"-4?")+#*%#7"0%$,'4#&$7$1"-3#/*-+#1"
-*4'))$.%# 4*# 1"&# /-*&$+%*&# /'17+%"-*&# )"/$1"-*&# *&
7"6+-#)+%#7$1-$%+%*#5'*#)+%#4+2',"7$%";#L72+&#"0*%<
,*&#$%)-*7*%,"%#1"#(-"))$.%#4*#*6*))$.%#8*%,-$)'1"-#$:<
5'$*-4"#6#&+%#2$*%#,+1*-"4+&#*%#*&,*#,$/+#4*#/")$*%,*&;
!+&#EFG3#)+7+#7$1-$%+%*3#&+%#'&"4+&#*%#*1#,-","7$*%,+
4*#("11"#4*#2+72"#*%#/")$*%,*&#*%#)$-'0?"#)"-4?")";#C1
7$1-$%+%*#*&#/"-,$)'1"-7*%,*#I,$1#*%#1"#4$&7$%')$.%#4*
1"#-*&$&,*%)$"#8"&)'1"-#/'17+%"-#6#1"#/-*&$.%#"-,*-$"1
/'17+%"-3#=*)=+#5'*#,$*%*#0-"%#"/1$)"2$1$4"4#*%#/"<
)$*%,*&#/+&,<5'$-I-0$)+&#8"18'1"-*&#7$,-"1*&#+#".-,$)+&
*%# 5'$*%*&# 1"# =$/*-,*%&$.%# /'17+%"-# *&# /*-&$&,*%,*;
G*2$4+#"#1+&#/+,*%,*&#*(*),+&#4*#8"&+4$1",")$.%#/'1<

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

7+%"-3#1+&#EFG#="%#&$4+#'&"4+&#/"-"#4*($%$-#1"#-*8*-&$<
2$1$4"4#4*1#1*)=+#8"&)'1"-#/'17+%"-#*%#/")$*%,*&#)+%
&*8*-"# 4$&('%)$.%# 8*%,-$)'1"-# $:5'$*-4"# DO]H;# !+&# EFG
/'*4*%#&*-#'&"4+&#*%#*1#,-","7$*%,+#4*#1"#("11"#)"-4?"<
)"#"0'4"#&*)'%4"-$"#"#)"-4$+/",?"#4$1","4"#%+#$&5'97$)"
6#)"-4$+7$+/",?"&#$%(1"7",+-$"&#+#8"18'1"-*&;#C1#$7/")<
,+#4*#*&,"#,*-"/$"#*%#*1#/-+%.&,$)+#4*#*&,+&#/")$*%,*&
/*-7"%*)*#"I%#/+-#4*($%$-;#!"#7"6+-#$%4$)")$.%#4*#1+&
EFG#/"-*%,*-"1*&#*&#*1#7"%*@+#4*#1"#("11"#)"-4?")"#)-.<
%$)"#"8"%:"4"#&*)'%4"-$"#"#)"-4$+/",?"#$&5'97$)"3#*%
4+%4*#*1#7$1-$%+%*#="#4*7+&,-"4+#4*#"10I%#7+4+#'%
*(*),+#=*7+4$%>7$)+#&'/*-$+-#"#4+2',"7$%"3#%$,-+/-'<
&$",+#6#%$,-+01$)*-$%"3#&$%#5'*#&'#*(*),+#/-+%.&,$)+#"
)+-,+#6#1"-0+#/1":+#/"-*:)"#&*-#4$(*-*%,*;
C%#/")$*%,*&#)+%#("11"#)"-4?")"#"8"%:"4"3#1"#,*-"/$"
)+72$%"4"#4*#EFG3#8"&+4$1","4+-*&#+#&$7/",$)+7$79<
,$)+&#="#&$4+#&+2-*',$1$:"4"#DOaH;#!"#)'$4"4+&"#7+%$<
,+-$:")$.%#=*7+4$%>7$)"#*&#%*)*&"-$"#4'-"%,*#1"#"4<
7$%$&,-")$.%#4*#*&,"&#,*-"/$"&;#!"#,*-"/$"#)+%#"7-$%+%*
&*# "&+)$"# )+%# &$0%$($)",$8+&# *8*%,+&# "48*-&+&# ,"1*&
)+7+#4+1+-#"24+7$%"13#%>'&*"&3#$),*-$)$"3#7$+&$,$&#6
,-+72+)$,+/*%$"#6#"#1"-0+#/1":+#%+#="#4*7+&,-"4+#2*<
%*($)$+#)1?%$)+#&$0%$($)",$8+#63#/+-#*1#)+%,-"-$+3#="#&$4+
"&+)$"4"#)+%#"'7*%,+#*%#1"#7+-,"1$4"4#DObH;#L'%5'*#"
)+-,+#/1":+#1"#,*-"/$"##)+%#7$1-$%+%*#*&#'%#,-","7$*%,+
2$*%#,+1*-"4+#6#&$%#%$%0I%#*(*),+#"48*-&+#)"-4$+8"&)'<
1"-#&*-$+3#"#1"-0+#/1":+3#1"#,*-"/$"#)+%#7$1-$%+%*#&*#"&+<

)$"#)+%#'%#&'&,"%)$"1#$%)-*7*%,+#*%#*1#-$*&0+#4*#7'*-<
,*#DT`H;#C1#*&,'4$+#SicREBC#4*7+&,-.#5'*#*%#/")$*%<
,*&#)+%#("11"#)"-4?")"#)1"&*#('%)$+%"1#E[3#*A$&,?"#'%#$%<
)-*7*%,+#4*1#TNg#*%#*1#-$*&0+#-*1",$8+#4*#7'*-,*3#=*<
)=+#/+-#*1#)'"1#4*2$.#&*-#,*-7$%"4+#/-*7",'-"7*%,*;
C%+A$7+%*#+-"1#%+#="#4*7+&,-"4+#%$%0I%#2*%*($)$+#)1?<
%$)+#&+&,*%$4+#*%#/")$*%,*&#)+%#("11"#)"-4?")"#7+4*<
-"4"# 6# &*8*-";# !"# ,"&"# 4*# 7+-,"1$4"4# /'*4*# $%)1'&+
$%)-*7*%,"-&*#4'-"%,*#&'#,-","7$*%,+#DTJH;
[*&%"-$%+%*3#/-+4')*#'%#$%)-*7*%,+#4+&$&<4*/*%<
4$*%,*#*%#*1#-$*&0+#4*#7'*-,*#*%#/")$*%,*&#)+%#("11"
)"-4?")"#)-.%$)"#8*%,-$)'1"-#$:5'$*-4"#DTMH;
!+&#-*&'1,"4+&#4*#*&+&#*&,'4$+&#)1?%$)+&#/1")*2+#)+%<
,-+1"4+&3#$%4$)"%#5'*#"'%5'*#1+&#"0*%,*&#$%+,-./$)+&#%+
01').&$4+&#,$*%*%#*1#/+,*%)$"1#/"-"#7*@+-"-#*1#*&,"4+
=*7+4$%>7$)+#6#)1?%$)+#4'-"%,*#&'#',$1$:")$.%#/+-#/*-?+<
4+&#)+-,+&#4*#,$*7/+3#1"#,*-"/$"#/-+1+%0"4"#&*#"&+)$"
)+%#'%#$%)-*7*%,+#*%#1"#7+-,"1$4"4;#!"#)"1$4"4#4*#8$4"
&$%#*72"-0+3#/'*4*#7*@+-"-&*#4'-"%,*#*1#,-","7$*%,+#"
1"-0+#/1":+#DK"21"#MH;

34('$1$')48&*@*"'/',1$')48&
!+&#"0*%,*&#$%+,-./$)+&#/+&$,$8+&#$%)1'6*%4+#&$7<
/",$)+7$79,$)+&# *# $%=$2$4+-*&# 4*# 1"# (+&(+4$*&,*-"&"
*&,>%#$%4$)"4+&#*%#*1#,-","7$*%,+#"#)+-,+#/1":+#4*#1+&
*&,"4+&#4*#2"@+#0"&,+#)"-4?")+#*#=$/+,*%&$.%#*%#/"<

7%8.%'G

D<A;FE'@A'BHAD7A'!E?'/FA?7A;'<?E7D>C<!E;'A?'=/::/'!/D@I/!/'!E?FA;7<J/

A-+"$#&

C&8.%(#32

B1$#(%K12+&

;10"#K#12+&

AL1(+&-

SiERC#EE

kmeL#EEEnE[
%#o##Jb`Y

E2+/"7$%"##
N``#70#4?"#8&;#/1")*2+

JM#7

E%)-*7*%,+#*%#1"#7+-,"1$4"4Q#MTg

SicREBC

kmeL#EEE#E[
%##o##J`aa

R$1-$%+%*#+-"1#O`#70
#4?"#8&;#/1")*2+

Y#7

R+-,"1$4"4#,+,"1Q#Mag
R+-,"1$4"4#)"-4$+8"&)'1"-Q#NOg

[CBK

kmeL#EEE#E[
%##o##NaNN

[*&%"-$%+%*#Y`#70#.
#N`#70#8&;#/1")*2+

Y#7

Y`#70^4Q#$%)-*7*%,+#MJg#7+-,"1$4"4
N`#70^4Q#,*%4*%)$"#"#"'7*%,"-#1"
7+-,"1$4"4

!">

!:?

/012+1-'#2&+)34#(&-'5',%-&%(+#,&-''6'6'6

)$*%,*&#)+%#("11"#)"-4?")"#"0'4"#+#)+%#*A")*-2")$.%#4*
1"#("11"#)"-4?")"#)-.%$)";
C%#/")$*%,*&#)+%#$%("-,+#"0'4+#4*1#7$+)"-4$+3#1+&
"0*%,*&#$%+,-./$)+&#%+#*&,>%#$%4$)"4+&#*%#*1#,-","7$*%,+
4*#1"#("11"#)"-4?")"#1*8*#+#7+4*-"4";#C%#*&+&#/")$*%,*&
1+&# $%=$2$4+-*&# 4*# 1"# *%:$7"# )+%8*-,$4+-"# 6# 1+&# 2*,"
21+5'*"4+-*&#4*2*%#'&"-&*#"#7*%+&#5'*#,*%0"%#)+%<
,-"$%4$)")$.%;
C%# /")$*%,*&# )+%# =$/+,*%&$.%# /*-&$&,*%,*# 6# 2"@+
0"&,+#)"-4?")+#)+7+#)+7/1$)")$.%#4*#$%("-,+#7$+)>-<
4$)+#$:5'$*-4+#+#4*-*)=+3#1+&#&$7/",$)+7$79,$)+&#6#1+&
EFG#&+%#',$1$:"4+&#/"-"#7*@+-"-#*1#/*-($1#=*7+4$%>7$)+
DTNH;#!"#,*-"/$"#$%+,-./$)"3#&$%#*72"-0+3#%+#*&#*(*),$8"
&$%#1"#"4*)'"4"#-*/*-('&$.%#4*1#7$+)"-4$+#$&5'97$)+;
C%#/")$*%,*&#)+%#)=+5'*#)"-4$+09%$)+3#)'"%4+#1"#/-*<
&$.%#4*#/*-('&$.%#*&#7"%,*%$4"#7*)>%$)"7*%,*#)+%#*1
'&+#4*#2"1.%#4*#)+%,-"#/'1&")$.%#$%,-"<".-,$)+3#1"#)+7<
2$%")$.%#4*#"0*%,*&#$%+,-./$)+&#6#8"&+4$1","4+-*&#*&
'&"4"#/"-"#7*@+-"-#1"#-*&/'*&,"#=*7+4$%>7$)"3#"'%<
5'*#*%#*&,+&#)"&+&3#1"#7+-,"1$4"4#/*-7"%*)*#"1,";
!"#,*-"/$"#4*#&+/+-,*#$%)1'6*#"0*%,*&#$%+,-./$)+&#5'*
("8+-*:)"%#+#7"%,*%0"%#1"#('%)$.%#)+%,->),$1#4*1#7$+)"-<
4$+#",'-4$4+#="&,"#5'*#1"#("11"#$%+,-./$)"#="6"#&$4+#-*)'<
/*-"4";#!+&#&$7/",$)+7$79,$)+&3#)+7+#1"#%*+&$%*(-$%"3
1"#%+-*/$%*(-$%"#6#1"#4+/"7$%"#&+%#I,$1*&#*%#*1#7"%,*%$<
7$*%,+#4*#1"#/-*&$.%#"-,*-$"13#7$*%,-"&#5'*#1"#4+2',"7$<
%"#6#1+&#$%=$2$4+-*&#4*#1"#(+&(+4$*&,*-"&"#&+%#'&"4+&
/"-"#$%)-*7*%,"-#*1#0"&,+#)"-4?")+;#["&+4$1","4+-*&#)+7+
1"#%$,-+01$)*-$%"#+#*1#%$,-+/-'&$",+#/'*4*%#&*-#"4$)$+%"<
4+&#/"-"#+/,$7$:"-#*1#/*-($1#=*7+4$%>7$)+;#C%#*1#$%("-,+
4*#8*%,-?)'1+#4*-*)=+3#1"#4+2',"7$%"#D*%#"'&*%)$"#4*
=$/+,*%&$.%H#6#1"#4+/"7$%"#D*%#/")$*%,*&#=$/+,*%&+&H
&+%#,-","7$*%,+&#I,$1*&#$%4$)"4+&#*%#*1#7"%,*%$7$*%,+
4*1#0"&,+#&$&,97$)+#6#1"#/-*&$.%#"-,*-$"1;
!+&#"0*%,*&#$%+,-./$)+&#&+%#'&"4+&#*%#(+-7"#/*-$<
+/*-",+-$"#/"-"#*1#7"%,*%$7$*%,+#"4*)'"4+#4*#1"#/-*<
&$.%#"-,*-$"1#6#*1#0"&,+#)"-4?")+;#!"#,"5'$)"-4$"#6#1"#($<
2-$1")$.%#8*%,-$)'1"-#&+%#)+7/1$)")$+%*&#/*1$0-+&"&3#6
1"#$&5'*7$"#7$+)>-4$)"#/'*4*#("8+-*)*-&*#)+%#*1#'&+
4*#*&,+&#"0*%,*&;#L&?#/'*&3#*1#'&+#4*#"0*%,*&#8"&+/-*<
&+-*&#4*2*->#&*-#)+%&$4*-"4+#&.1+#)'"%4+#9&,+&#&*"%
"2&+1',"7*%,*#%*)*&"-$+&;#C%#7')=+&#)*%,-+&#4*#)$<
-'0?"# )"-4?")"3# 1"# */$%*(-$%"# *&# '&"4"# *%# *1# /*-?+4+

$%7*4$","7*%,*#/+&,<5'$-I-0$)+#6#1"&#4+&$&#-*%"1*&#4*
4+/"7$%"#&+%#,"72$9%#"4$)$+%"4"&#/"-"#*1#7*@+-"7$*%<
,+#4*#1"#('%)$.%#-*%"1;#G+2',"7$%"#6#7$1-$%+%*#/'*4*%
&*-#'&"4+&#/"-"#*1#$%)-*7*%,+#4*1#0"&,+#)"-4?")+;#C%
/")$*%,*&#)+%#=$/*-,*%&$.%#/'17+%"-#/*-&$&,*%,*#*#$%<
)-*7*%,+#4*#1"#-*&$&,*%)$"#8"&)'1"-#/'17+%"-#/+&5'$-I-<
0$)"3#7$1-$%+%*#*&#*1#"0*%,*#$%+,-./$)+#4*#*1*))$.%#4*2$<
4+#"#&'#$7/+-,"%,*#)"/")$4"4#/"-"#4$&7$%'$-#1"#/-*&$.%
)"/$1"-#/'17+%"-#6#1"#-*&$&,*%)$"#8"&)'1"-#/'17+%"-;
C%#/")$*%,*&#)+%#)=+5'*#&9/,$)+3#*1#'&+#4*#8"&+<
/-*&+-*&#*&#%*)*&"-$+#4'-"%,*#1"#-*&')$,")$.%#)+%#(1'$<
4+&#DTOH;#!"#*1*))$.%#4*1#8"&+/-*&+-#*%#1+&#/")$*%,*&
)+%#)=+5'*#&9/,$)+#/*-7"%*)*#)+%,-+8*-&$"1;#L'%5'*
4+/"7$%"#*&#*1#"0*%,*#7>&#(-*)'*%,*7*%,*#'&"4+3#9&,*
*&#,"72$9%3#"1,"7*%,*#$%*(*),$8+#*%#1+&#)"&+&#"8"%:"<
4+&;#k+-*/$%*(-$%"#/'*4*#&*-#7>&#*(*),$8"#5'*#4+/"<
7$%"# *%# *1# 7"%,*%$7$*%,+# 4*# 1"# /-*&$.%# "-,*-$"1;# C%
/")$*%,*&#)+%#-*1",$8+#2"@+#0"&,+#)"-4?")+3#4+2',"7$%"
/'*4*#+(-*)*-#'%#2*%*($)$+#"4$)$+%"1#*%#*1#$%)-*7*%,+
4*#0"&,+#)"-4?")+#6#1"#*%,-*0"#4*#+A?0*%+;#C%#"10'%+&
/")$*%,*&3#4$0+A$%"#6#7$1-$%+%*#)+72$%"4+&#="%#4*<
7+&,-"4+#7*@+-"-#*1#0"&,+#)"-4?")+#DTTH;
!+"#"0*%,*&#$%+,-./$)+&#%+#01').&$4+&#&+%#7>&
(-*)'*%,*7*%,*#'&"4+&#*%#*1#,-","7$*%,+#4*#1"#("11"
)"-4?")"#"8"%:"4";#!"&#$%4$)")$+%*&#/"-"#*1#'&+#4*
"0*%,*&#$%+,-./$)+&#)+7+#1"#4+2',"7$%"#+#1+&#$%+<
4$1","4+-*&#)+7+#7$1-$%+%*3#&+%#1"&#*A")*-2")$+%*&
"0'4"&#4*#1"#("11"#)"-4?")"#)-.%$)";#!"#("11"#)"-4?")"
-*(-"),"-$"3#4$"0%+&,$)"4"#)'"%4+#1+&#&?%,+7"&#6#&$0<
%+&#4*#("11"#/*-&$&,*%#+#-*)'--*%#%+#+2&,"%,*#1"#,*-"<
/$"#+/,$7$:"4"3#*&#+,-"#$%4$)")$.%#/"-"#1"#"47$%$&<
,-")$.%#4*#*&,+&#"0*%,*&#/+-#/*-$+4+&#4*#,$*7/+#&$0<
%$($)",$8"7*%,*#1"-0+&;#!"#-*)$*%,*#$%,-+4'))$.%#4*
"0*%,*&#)+7+#*1#/9/,$4+#%",-$'-9,$)+#,$/+#\#D\kSH3
1+&#)'"1*&#%+#$%)-*7*%,"%#*1#)+%&'7+#4*#+A?0*%+#6
7*@+-"%#1"#=*7+4$%"7$"#6#*&,"4+#)1?%$)+#4*#1+&#/"<
)$*%,*&3#1+&#=")*#4*#*1*))$.%#(-*%,*#"#1+&#$%+,-./$<
)+&#*#$%+4$1","4+-*&#DTYH3#*A)*/)$.%#=*)="#/"-"#*1
0-'/+#4*#/")$*%,*&#)+%#=$/+,*%&$.%#$7/+-,"%,*#*%
5'$*%*&#&'#'&+#*&,"#)+%,-"$%4$)"4+;
!"#,*-"/$"#$%,*-7$,*%,*#+#)+%,$%'"3#*%#1"#("11"#)"-4?"<
)"#"8"%:"4"3#*&#'&"4"#*%#*1#7"%*@+#4*#1"&#*A")*-2"<
)$+%*&#)-.%$)"&;#G+2',"7$%"#6#7$1-$%+%*#6#*%#"10'%+&
)"&+&#&'&#)+72$%")$+%*&3#&+%#(-*)'*%,*7*%,*#'&"4"&

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

*%#*1#7"%*@+#4*1#/")$*%,*#"72'1",+-$+#-*(-"),"-$+#+#*%
*&/*-"#4*#&*-#,-"%&/1"%,"4+;
CA$&,*#)+%,-+8*-&$"#")*-)"#4*#1"&#-*1",$8"&#8*%,"@"&#6
4*&8*%,"@"&#4*#1"#4+2',"7$%"#6#*1#7$1-$%+%*;#!"#4+2'<
,"7$%"# ="# 4*7+&,-"4+# *7/*+-"7$*%,+# 4*# 1"# ('%)$.%
4$"&,.1$)"#6#/+&**#'%#*(*),+#/-+<"--?,7$)+#5'*#$%4')*
,"5'$)"-4$";#L4$)$+%"17*%,*#'%#(*%.7*%+#4*#,"5'$($1"A$&3
$%)-*7*%,"# *1# )+%&'7+# 4*# +A?0*%+# 7$+)>-4$)+# 6# 1"
7+-,"1$4"4;#!"#,*-"/$"#"#1"-0+#/1":+#)+%#7$1-$%+%*#="
4*7+&,-"4+#$%)-*7*%,"-#*1#-$*&0+#4*#"--$,7$"#6#7'*-,*3
%+#+2&,"%,*#*1#%+#$%)-*7*%,+#*%#*1#)+%&'7+#4*#+A?0*<
%+# 7$+)>-4$)+;# !"# 4+2',"7$%"3# 7*%+&# )+&,+&"# 5'*
7$1-$%+%*3#="#&$4+#-*)+7*%4"4"#*%#'%#*&('*-:+#/+-#4$&<
7$%'$-# 1+&# )+&,+&# 4*1# ,-","7$*%,+;# B+1+# 4$(*-*%)$"&
7"-0$%"1*&#="%#&$4+#+2&*-8"4"&#*%,-*#7$1-$%+%*#6#4+<
2',"7$%"#)+%#-*1")$.%#"#&'#)+&,+<*(*),$8$4"4#DT]H;#!"
*1*))$.%#4*#4+2',"7$%"#+#7$1-$%+%*#4*2*->#2"&"-&*#*%
1+&#+2@*,$8+&#=*7+4$%>7$)+&;#S"-"#1"#-*4'))$.%#4*#/-*<
&$.%#)"/$1"-#/'17+%"-3#-*&$&,*%)$"#8"&)'1"-#/'17+%"-#6
/-*&$.%#4*#"-,*-$"#/'17+%"-3#7$1-$%+%*#*&#7>&#*(*),$8+
5'*#4+2',"7$%";
Z"1$4"4#4*#8$4"#)+%,-"#&+2-*8$4"#*&#'%#,./$)+#5'*
%*)*&$,"#&*-#)+%&$4*-"4+#4'-"%,*#1"#,*-"/$"#$%+,-./$)"
*%# 1+&# /")$*%,*&# )+%# ("11"# )"-4?")"# )-.%$)"# &*8*-";
R')="&#4-+0"&#$%+,-./$)"&#/"-*%,*-"1*&#6#%+#/"-*%,*<
-"1*&#$%)-*7*%,"%#*1#-$*&0+#4*#7'*-,*#/*-+#7*@+-"%#1"
)"1$4"4#4*#8$4";#!+&#*&,'4$+&#$%(+-7"%#5'*#1+&#/")$*%<
,*&#/-*($*-*%#7*@+-"-#&'#)"1$4"4#4*#8$4"#"#*A/*%&"&#4*
")+-,"-#&'#&+2-*8$8"U#&$%#*72"-0+#/+-#&*-#4*&*%1")*&
*A,-*7"7*%,*#8"-$"21*&3#%+#/*-7$,*#&'#0*%*-"1$:")$.%;
L4$)$+%"17*%,*3#1"#-*&/'*&,"#4*#1+&#/")$*%,*&#"#*&,+&
"0*%,*&#8"-?"#)+%#*1#,$*7/+3#/+-#1+#5'*#4*2*#)1"-$($)"-&*
"#/")$*%,*#6#("7$1$"#5'*#*%#"10'%"&#+)"&$+%*&#1"#,*-"<
/$"#$%+,-./$)"#%+#&$*7/-*#7*@+-"#1+&#&?%,+7"&#)1?%$)+&
6#)"1$4"4#4*#8$4";#L&?3#1"#,*-"/$"#$%+,-./$)"#*%#1+&#/"<
)$*%,*&#)+%#*&,"4$+&#,*-7$%"1*&#4*#("11"#)"-4?")"#4*2*
&*-#'%"#)+%&$4*-")$.%#$%4$8$4'"1$:"4";
C%#/")$*%,*&#)+%#&?%4-+7*#4*#/&*'4+<&*/&$&3#1+&
"0*%,*&#8"&+/-*&+-*&#,$/+#%+-*/$%*(-$%"3#4+/"7$%"#+
%*+&$%*(-$%"#&+%#'&"4+&#/"-"#$%)-*7*%,"-#1"#-*&$&,*%<
)$"#8"&)'1"-#&$&,97$)"#6#1"#/-*&$.%#"-,*-$"1#6#1+&#$%+,-.<
/$)+&#,$/+#4+2',"7$%"#6#7$1-$%+%*3#*&,>%#)+%,-"$%4$)"<
4+&;#C1#/*-($1#=*7+4$%>7$)+#4*1#&?%4-+7*#4*#/&*'4+<
&*/&$&#)"-"),*-$:"4+#/+-#=$/+,*%&$.%3#*&#*1#-*&'1,"4+

4*# 1"# 4*&/-+/+-)$+%"4"# 2"@"# -*&$&,*%)$"# 8"&)'1"&$&,97$)"#6#/+-#*%4*#*A)*&$8"#8"&+4$1",")$.%3#)+%#0"&<


,+#)"-4?")+#%+-7"1#+#"'7*%,"4+#6#*1*8")$.%#4*#1"&#/-*<
&$+%*&#"'-$)'1"-#4*-*)="#6#)"/$1"-#/'17+%"-;#C&,*#&?%<
4-+7*3# '&'"17*%,*# +)'--*# *%# /")$*%,*&# )+%# ("11"
8*%,-$)'1"-#&$&,.1$)"#5'*#="%#&$4+#,-","4+&#)+%#'%"#)+7<
2$%")$.%#4*#8"&+4$1","4+-*&;#!"#=*7+4$%"7$"#*&#&$7$<
1"-#"#"5'*11"#4*#1"#&*/&$&3#/*-+#*%#*&,+&#)"&+&#%+#*&
/+&$21*# $4*%,$($)"-# '%# (+)+# 4*# $%(*))$.%;# !"# ,*-"/$"
8"&+4$1","4+-"#4*2*#&*-#,*7/+-"17*%,*#4*&)+%,$%'"4";
!+&#"0*%,*&#$%+,-./$)+&#+#$%+4$1","4+-*&#)+7+#4+<
2',"7$%"#6#7$1-$%+%*#&+%#(-*)'*%,*7*%,*#'&"4+&#/"-"
7*@+-"-# *1# *&,"4+# )1?%$)+# 4*# 1+&# /")$*%,*&# "%,*&# 4*1
$%$)$+#4*#1+&#2*,"21+5'*"4+-*&#DTaH;#C1#$%=$2$4+-#4*#1"
(+&(+4$*&,*-"&"#+-"13#*%+A$7+%*3#="#&$4+#$%)1'&+#'&"4+
)+7+#/'*%,*#"#1"#,*-"/$"#4*#2*,"#21+5'*"4+-*&#D\\H;
!+&#(>-7")+&#$%+,-./$)+&#&+%#(-*)'*%,*7*%,*#'&"<
4+&#*%#*1#,-","7$*%,+#4*#1+&#/")$*%,*&#)+%#("11"#)"-4?")"
"0'4"7*%,*#4*&)+7/*%&"4"#5'$*%*&#/-*8$"7*%,*#&*#*%<
)+%,-"2"%#*%#,*-"/$"#)-.%$)"#)+%#2*,"<21+5'*"4+-*&;#C%
*&,+&#/")$*%,*&3#1+&#EFG#&*#/-*($*-*%#"#1+&#"0+%$&,"&#<
"4-*%9-0$)+&3#1+&#)'"1*&#%+#/'*4*%#$%)-*7*%,"-#1"#('%<
)$.%#)+%,->),$1#6#*1#0"&,+#)"-4?")+#*%#/-*&*%)$"#4*1#2*,"<
21+5'*+;#Z+7+#&*#="#+2&*-8"4+3#*1#&$,$+#4*#"))$.%#4*
1+&#7*4$)"7*%,+&#,$/+#7$1-$%+%*#6#*%+A$7+%*3#*&#/+&<
,*-$+-#"#1+&#-*)*/,+-*&#<"4-*%9-0$)+&3#1+#)'"1#*A/1$)"
5'*#&'#-*&/'*&,"#=*7+4$%>7$)"#&*"#7*@+-#5'*#"5'*11"
4*#1+&#"0+%$&,"&#2*,"<"4-*%9-0$)+&#DTbH;#!+&#2*%*($)$+&
4*1#,-","7$*%,+#"#1"-0+#/1":+3#/"-,$)'1"-7*%,*#&+2-*#1"
&+2-*8$8"3#4*#1"#)+72$%")$.%#4*#$%+,-./$)+&#6#2*,"21+<
5*"4+-*&#%+#="%#&$4+#*&,"21*)$4+&;#!"&#$%4$)")$+%*&#/"-"
*1#'&+#4*#$%+,-./$)+&#*#$%+4$1","4+-*&#*%#/")$*%,*&#)+%
("11"#)"-4$")"#)-.%$)"#&*#-*&'7*%#*%#1"#,"21"#N;

A8&#/84
G'-"%,*#"d+&#1+&#"0*%,*&#$%+,-./$)+&#="%#&$4+#'&"<
4+&#*%#*1#7"%*@+#4*#2"@+#0"&,+#)"-4?")+#*#=$/+,*%&$.%
&*)'%4"-$"#"#$%("-,+;#B$%#'%"#"4*)'"4"#,*-"/$"#4*#-*/*-<
('&$.%3#1+&#"0*%,*&#$%+,-./$)+&#&+%#/+)"&#8*)*&#*(*),$<
8+&# *%# /-+4')$-# *(*),+&# =*7+4$%>7$)+&# &+&,*%$4+&;
L4$)$+%"17*%,*3#*A$&,*#'%#/+,*%)$"1#$%)-*7*%,+#4*#1"#$&<
5'*7$"#6#*A,*%&$.%#4*#1"#%*)-+&$&#7$+)>-4$)";#L&?3#1"
,*-"/$"#$%+,-./$)"#6#8"&+4$1","4+-"#4*2*#&*-#'&"4"#)+7+
&+/+-,*#,*7/+-"1#4*#1+&#/")$*%,*&#)+%#&?%4-+7*#)+-+<

!:!

!:8

/012+1-'#2&+)34#(&-'5',%-&%(+#,&-''6'6'6

7%8.%'M

H;E'@A'<?E7D>C<!E;'?E'F:H!>;<@E;'A?'=/::/'!/D@I/!/'!D>?<!/

/6 C%)%'1N%(1)8%(#32'$1'.%'L%..%'(%)$*%(%'()32#(%# # #
G+2',"7$%"#+#7$1-$%+%*#+#&'#)+72$%")$.%###
Z+7+#/'*%,*#("-7")+1.0$)+#"#,-"%&/1"%,*#)"-4$")+Q#4+2',"7$%"3#7$1-$%+%*#+#&'##)+72$%")$.%
O6 C%)%'1-+%$&'L#2%.')1L)%(+%)#&'# #
G+2',"7$%"#+#7$1-$%+%*
!"#)"1$4"4#4*#8$4"#/'*4*#7*@+-"-#/*-+#1"#&+2-*8$4"#4$&7$%'6*
!6 C%)%'+)%+%K#12+&'$1.'P-*2$)&K1'$1'4-1"$&-14-#-'P'# #
["&+/-*&+-*&#D4+/"7$%"3#%+-*/$%*(-$%"3#%*+&$%*(-$%"H
G+2',"7$%"#+#7$1-$%+%*#*&,>%#)+%,-"$%4$)"4+&
@6 C%)%'4"12+1'%'+1)%4#%'(&2'Q8.&R"1%$&)1-'&'+1)%4#%'(&K8#2%$%'#2&+)34#(%'5'Q8.&R"1%$&)1-'# # #
B+%#/-*(*-$21*&#1+&#$%=$2$4+-*&#4*#1"#(+&(+4$*&,*-"&"

%"-$+#"0'4+#6#4*2*#&*-#4*&)+%,$%'"4"#,"%#/-+%,+#)+7+
&*"#/+&$21*;

T;

!+&#"0*%,*&#&$7/",$)+7$79,$)+&#/"-*%,*-"1*&3#4+<
2',"7$%"#6##7$1-$%+%*3#&+%#'&"4+&#(-*)'*%,*7*%,*#*%
*1#7"%*@+#4*#1"&#*A")*-2")$+%*&#4*#1"#("11"#)"-4?")"
)-.%$)"#&$&,.1$)";#L'%5'*#1"#,*-"/$"#7*@+-"#1"#=*7+4$<
%"7$"#6#*%#+)"&$+%*&#*1#*&,"4+#)1?%$)+3#*&,>#"&+)$"4"#"
'%#$%)-*7*%,+#*%#1"#7+-,"1$4"4;#L4$)$+%"17*%,*3#%'*<
8+&#"0*%,*&#%+#$%+,-./$)+&#)+7+#\kS3#="%#&$4+#$%,-+<
4')$4+&#*%#*1#,-","7$*%,+#4*#1"#("11";#L&?3#1"#$%4$)")$.%
4*# $%+,-./$)+&# *%# 1+&# /")$*%,*&# )+%# ("11"# 4*2*# &*$%4$8$4'"1$:"4"#6#1$7$,"4"#"#)+-,+&#/*-?+4+&#4*#,$*7/+;

\-$&,+W# Ri3# P$%&2'-0# i3# R$%+2*# q3# *,# "1;# G*)-*"&*4


)",*)=+1"7$%*#&*%&$,$8$,6#"%4#2*,"<"4-*%*-0$)#-*)*/,+-#4*%&$,6
$%#("$1$%0#='7"%#=*"-,&;#k#C%01#p#R*4#JbaMU#N`]Q#M`T<JJ;##

Y;

R+%$+,,*#B3#r+2:$_#!3#F*-+%#c3#*,#"1;#s/-*0'1",$+%#+(#\N<"4-*%+
-*)*/,+-&#"%4#"1,*-*4#)+%,-"),$1*#-*&/+%&*#,+#$%+,-+/$)#"7$%*&
$%#='7"%#("$1$%0#76+)"-4$'7;#Z$-)'1",$+%#M``JUJ`NQJYOb<TT;

];

S-$)*#GK3#!*(_+W$,:#ip3#Z"-+%#RP3#*,#"1;#!+)"1$:",$+%#+(#7ikL
(+-#,=-**#4$&,$%),#L1/="<J#"4-*%*-0$)#-*)*/,+-#&'2,6/*&#$%#='7"%
,$&&'*&;#E7/1$)",$+%&#(+-#='7"%#"1/="<"4-*%*-0$)#/=6&$+1+06;
R+1#S="-7")+1#JbbOU#OTQ#J]J<T

a;

\*%4*-&_6#i3#Z=",,*-@**#r3#S"-71*6#qq3#*,#"1;#G+2',"7$%*#$%
)=-+%$)# $&)=*7$)# =*"-,# ("$1'-*;# L1,*-",$+%&# $%# 1*(,# 8*%,-$)'1"('%),$+%#"%4#)+-+%"-6#=*7+46%"7$)&;#L7#p#Z"-4$+1#JbaJU#OaQ
TTO<a;##

b;

Z+1'))$#qB3#G*%%$&&#Li3#!*,=*-7"%#PF3#*,#"1;#E%,-"#)+-+%"-6
$%('&$+%# +(# 4+2',"7$%*# ,+# /",$*%,&# W$,=# "%4# W$,=+',# &*8*-*
)+%0*&,$8*#=*"-,#("$1'-*3#4+&*<-*&/+%&*#-*1",$+%&=$/&3#)+--*1",$+%
W$,=#)$-)'1",$%0#)",*)=+1"7$%*&#"%4#*((*),#+(#/=+&/=+4$*&,*-"&*
$%=$2$,+-&;#p#Z1$%#E%#*&,#JbaaU#aJQ#JJ`N<J`;##

B'6"')+719C1
J;

F*147"%#LR;#Z1"&&$($)",$+%#+(#/+&$,$8*#$%+,-+/$)#"0*%,&;#p#L7
Z+11#Z"-4$+1#JbbNU#MMQ#JMNN<];##

M;

S")_*-#R3#P=*+-0=$"4*#R3#m+'%0#p\3#*,#"1;#q$,=4-"W"1#+(#4$0+A$%
(-+7#/",$*%,&#W$,=#)=-+%$)#=*"-,#("$1'-*#,-*",*4#W$,=#"%0$+,*%&$%<
)+%8*-,$%0#*%:67*#$%=$2$,+-&;#i"4$"%)*#B,'46;#k#C%01#p#R*4
JbbNU#NMbQ#J<];##

N;

K=*# G$0$,"1$&# E%8*&,$0",$+%# P-+'/;# K=*# *((*),# +(# 4$0+A$%# +%


7+-,"1$,6#"%4#7+-2$4$,6#$%#/",$*%,&#W$,=#=*"-,#("$1'-*;#k#C%01#p
R*4#Jbb]U#NNYQ#TMT<NN;##

O;

F+--*&,*-#p3#\*:4*_#q3#Z=",,*-@**#r3#*,#"1;#e*7+46%"7$)#*((*),&
+(#4$0$,"1$&#$%#")',*#76+)"-4$"1#$%("-),$+%;#L%%#E%,*-%#R*4#Jb]MU
]YQ#aYN;

J`; F*-0'&+%#Gk3#\*-,#qp3#B"%4*-&#pB3#*,#"1;#B67/",=+$%=$2$,+-6
-*&/+%&*&# ,+# 4$0$,"1$&# 016)+&$4*&# $%# =*"-,# ("$1'-*# /",$*%,&;
Z$-)'1",$+%#JbabU#a`Q#YT<]];##
JJ; P+14&,*$%# iL3# S"&&"7"%$# Ci3# i+2*-,&# i;# L# )+7/"-$&+%# +(
4$0+A$%#"%4#4+2',"7$%*#$%#/",$*%,&#W$,=#")',*#$%("-),$+%#"%4
)"-4$")#("$1'-*;#k#C%01#p#R*4#Jba`U#N`NQ#aOY;##
JM; F-"%)$&#PB3#B="-7"#\3#e+40*&#R;#Z+7/"-",$8*#=*7+46%"7$)
*((*),&# +(# 4+/"7$%*# "%4# 4+2',"7$%*# $%# /",$*%,&# W$,=# ")',*
)"-4$+0*%$)#)$-)'1",+-6#)+11"/&*;#L7#e*"-,#p#JbaMU#J`NQ#bbT<
J```;

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

JN; B"%2+-%#KL3#B1**/*-#!L3#\",*&#Ci3#*,#"1;#E7/"),#+(#,=-+72+16&$&3
$%,-"<"+-,$)# 2"11++%# /'7/3# )+'%,*-# /'1&",$+%# "%4# ,=*$)+72$%",$+%# $%# )"-4$+0*%$)# &=+)_# )+7/1$)",$+%# ")',*
76+)"-4$"1#$%("-),$+%;#p#L7#Z+11#Z"-4$+1#M```U#NYQ#JJMN<b;##
JO; G*11tE,"1$"#!p3#B,"-1$%0#R3#\1'7="-4,#i3#*,#"1;#Z+7/"-",$8*#*((*),&
+(#8+1'7*#1+"4$%03#4+2',"7$%*#"%4#%$,-+/-'&&$4*#$%#/",$*%,&
W$,=# /-*4+7$%"%,# -$0=,# 8*%,-$)'1"-# 76+)"-4$"1# $%("-),$+%;
Z$-)'1",$+%#JbaTU#]MQ#JNM]<NT;##
JT; Z=",,*-@**#r3#S"-71*6#qq3#BW"%#epZ3#*,#"1;#\*%*($)$"1#*((*),&
+(# 8"&+4$1",+-# "0*%,&# $%# &*8*-*# 7$,-"1# -*0'-0$,",$+%# 4'*# ,+
46&('%),$+%#+(#&'28"18"-#"//"-",'&;#Z$-)'1",$+%#Jb]YU#OaQ#YaO;
JY; G$*&#F3#r-*11#Rp3#q=$,1+W#S3#*,#"1;#E%,*-7$,,*%,#4+2',"7$%*#$%
"72'1",+-6#+',/",$*%,&#W$,=#)=-+%$)#)"-4$")#("$1'-*;#L2&,-"),
Z$-)#JbaYU#]O#DB'//1#MHQ#JNa;##
J]; S")_*-#R3#!*$*-#Z[;#B'-8$8"1#$%#)+%0*&,$8*#=*"-,#("$1'-*#4'-$%0
,-*",7*%,#W$,=#4-'0&#W$,=#/+&$,$8*#$%+,-+/$)#"),$+%&;#Z$-)#Jba]U
]T#DB'//1#OHQ#TT<YN;##
Ja; s%8*-(*-,=# G[3# \-"%(+-# R3# r",*&# iC3# *,# "1;# K+1*-"%)*# ,+
4+2',"7$%*#"(,*-#"#]M<=+'-#)+%,$%'+'&#$%('&$+%;#L7#p#R*4
Jba`U#YbQ#MYM<Y
Jb; L//1*(*14# R3# k*W7"%# rq3# P-+8*# qi3# *,# "1;# E%,*-7$,,*%,
)+%,$%'+'&#+',/",$*%,#4+2',"7$%*#$%('&$+%#$%#,=*#7"%"0*7*%,
+(#)+%0*&,$8*#=*"-,#("$1'-*;#L7#p#Z"-4$+1#JbaNU#TJQ#OTT<a;##
M`; R$11*-#!q;#c',/",$*%,#4+2',"7$%*#(+-#-*(-"),+-6#)+%0*&,$8*#=*"-,
("$1'-*3#"48"%,"0*&3#,*)=%$5'*&#"%4#-*&'1,&;#p#e*"-,#!'%0#K-"%&
JbbJU#J`Q#OaM<];##
MJ; Z"/+7+11"#B3#F*2+#c3#c/"&$)=#Z3#*,#"1;#Z=-+%$)#$%('&$+%#+(
4+2',"7$%*#"%4#%$,-+/-'&&$4*#$%#/",$*%,&#W$,=#*%4<&,"0*#=*"-,
("$1'-*# "W"$,$%0# =*"-,# ,-"%&/1"%,",$+%Q# &"(*,6# "%4# )1$%$)"1
+',)+7*;#C'-#p#e*"-,#F"$1#M``JU#NQ#Y`J<J`;##
MM; ctZ+%%+-# ZR3# P",,$&# qL3# s-*,&_6# \F3# *,# "1;# Z+%,$%'+'&
$%,-"8*%+'&#4+2',"7$%*#$&#"&&+)$",*4#W$,=#"%#$%)-*"&*4#-$&_#+(
4*",=#$%#/",$*%,&#W$,=#"48"%)*4#=*"-,#("$1'-*Q#$%&$0=,&#(-+7#,=*
(1+1"%#$%,*-%",$+%"1#-"%4+7$:*4#&'-8$8"1#,-$"1#FEiBK3#S"-,#J;#L7
e*"-,#p#JbbbU#JNaQ#]a<aY;
MN; Z+1'))$#qB3#C1_"6"7#s3#e+-,+%#GS3#*,#"1;#E%,-"8*%+'&#%*&$-$,$4*3
"# %",-$'-*,$)# /*/,$4*3# $%# ,=*# ,-*",7*%,# +(# 4*)+7/*%&",*4
)+%0*&,$8*#=*"-,#("$1'-*;#k*&$-$,$4*#B,'46#P-+'/;#k#C%01#p#R*4
M```U#NONQ#MOY<TN;##
MO; B"22"=#ek3#Z="%41*-#RS3#B':'_$#P3#*,#"1;#i"%+1":$%*#$7/-+8*&
1*(,#8*%,-$)'1"-#7*)="%$)"1#*(($)$*%)6#$%#4+0&#W$,=#=*"-,#("$1'-*Q
)+7/"-$&+%#W$,=#4+2',"7$%*;#"2&,-"),#p#L7#Z+11#Z"-4$+1#M``JU
N]MLQ#aN`<Y;##
MT; R'*11*-# eB3# C8"%&# i3# L6*-&# BR;# C((*),# +(# 4+/"7$%*# +%
=*7+46%"7$)&#"%4#76+)"-4$"1#7*,"2+1$&7#$%#&=+)_#(+11+W$%0
")',*#76+)"-4$"1#$%("-),$+%#$%#7"%;#Z$-)#Jb]aU#T]Q#NYJ<T;##
MY; G*%,+%#RG3#Z=*-,+W#PR3#\-"46#ei;#Vi*%"1#4+&*X#4+/"7$%*
(+-# ,=*# ,-*",7*%,# +(# ")',*# -*%"1# ("$1'-*Q# &)$*%,$($)# -",$+%"1*3
*A/*-$7*%,"1#&,'4$*&#"%4#)1$%$)"1#,-$"1&;#r$4%*6#E%,#JbbYU#ObQ
O<JO; ##
M]; C1#L11"(#G3#Z-*7*-&#B3#Gtc-$+#[3#*,#"1;#Z+72$%*4#=*7+46%"7$)
*((*),&#+(#1+W#4+&*&#+(#4+/"7$%*#"%4#4+2',"7$%*#$%#/",$*%,&
W$,=# ")',*# $%("-),$+%# "%4# )"-4$")# ("$1'-*;# L-)=# E%,# S=6&$+1
\$+)=*7#JbaOU#bMQ#BOb<TT;##

Ma; G*# R"-)+# K3# rW"&7"%# R3# !"'# G3# *,# "1;# G+/*A"7$%*
=64-+)=1+-$4*#$7/-+8*4#)"-4$")#/*-(+-7"%)*#W$,=+',#$%)-*"&*4
7*,"2+1$)#)+&,;#L7#p#Z"-4$+1#JbaaU#YMQ#T]Z<YMZ;##
Mb; F*%%*11#qe3#K"61+-#LL3#m+'%0#p\3#*,#"1;#S-+/612',14+/"7$%*Q
=*7+46%"7$)# *((*),&# $%# )+%&)$+'&# 4+0&3# %+-7"1# ='7"%
8+1'%,**-&#"%4#/",$*%,&#W$,=#=*"-,#("$1'-*;#Z$-)'1",$+%#JbaNU#Y]Q
aMb<NY;##
N`; F-"%)$&# PB3# Z=+%# pk;# K=*# *((*),&# +(# 2-+7+)-$/,$%*# $%# =*"-,
("$1'-*;#L7#e*"-,#p#JbaNU#J`YQ#J``<Y;##
NJ; Z=",,*-@**#r3#G*#R"-)+#K;#Z*%,-"1#"%4#/*-$/=*-"1#"4-*%*-0$)
-*)*/,+-#"0+%$&,&#$%#=*"-,#("$1'-*;#C'-#e*"-,#p#JbabU#J`#DB'//1
\HQ#TT<YN;# #
NM; R'-/=6#R\3#R'--"6#Z3#B=+-,*%#PG;#F*%+14+/"7#<#"#&*1*),$8*
/*-$/=*-"1#4+/"7$%*<-*)*/,+-#"0+%$&,#(+-#,=*#,-*",7*%,#+(#&*8*-*
=6/*-,*%&$+%;#k#C%01#p#R*4#M``JU#NOTQ#JTOa<T];##
NN; Z"%,*11$#E3#!+11$#Z3#\+72"#C3#*,#"1;#B'&,"$%*4#+-"1#,-*",7*%,#W$,=
$2+/"7$%*#$%#/",$*%,&#W$,=#)=-+%$)#=*"-,#("$1'-*;#Z'--#K=*-#i*&
JbaYUNbQb``;##
NO; e"7/,+%#pi3#["%#[*1='$&*%#Gp3#r1*2*-#Fu3#*,#"1;#F+-#,=*#&*)+%4
/-+&/*),$8*#-"%4+7$:*4#&,'46#+(#$2+/"7$%*#+%#7+-,"1$,6#"%4
*(($)")6#S-$7*<JJ#$%8*&,$0",+-&Q#-"%4+7$:*4#&,'46#+(#*((*),#+(
$2+/"7$%*#+%#&'-8$8"1#$%#/",$*%,&#W$,=#"48"%)*4#=*"-,#("$1'-*;
!"%)*,#Jbb]UNObQb]J<];##
NT; i*77*#qp;#G+/"7$%*-0$)#"0*%,&#$%#=*"-,#("$1'-*Q#-*2$-,=#+(#"%
+14#)+%)*/,;#Z"-4$+8"&)#G-'0&#K=*-#M``JUJTQJ`]<b;##
NY; Z=",,*-@**#r;#Z+7/1$)",$+%&#+(#")',*#76+)"-4$"1#$%("-),$+%;#Z'-S-+21#Z"-4$+1#JbbNU#JaQ#J<]b;
N]; G$\$"%)+#i3#B="2*,"$#i3#r+&,'_#q3#*,#"1;#L#)+7/"-$&+%#+(#+-"1
7$1-$%+%*# 4$0+A$%# "%4# ,=*$-# )+72$%",$+%# $%# ,=*# ,-*",7*%,# +(
/",$*%,&#W$,=#)=-+%$)#=*"-,#("$1'-*;#k#C%01#p#R*4#JbabU#NM`Q
Y]]<aN;##
Na; B$7+%,+%# ZL3# Z=",,*-@**# r3# Z+46# ip3# *,# "1;# R$1-$%+%*# $%
)+%0*&,$8*#=*"-,#("$1'-*Q#")',*#"%4#)=-+%$)#=*7+46%"7$)#"%4
)1$%$)"1#*8"1'",$+%;#p#L7#Z+11#Z"-4$+1#JbaTU#YQ#OTN;##
Nb; L%4*-&+%# p!;# F+-# ,=*# s%$,*4# B,",*&# R$1-$%+%*# R'1,$)*%,*$%8*&,$0",+-&;# e*7+46%"7$)&# "%4# )1$%$)"1# 2*%*($,&# W$,=
$%,-"8*%+'&#7$1-$%+%*#$%#&*8*-*#)=-+%$)#=*"-,#("$1'-*Q#-*&'1,&#+(
"#7'1,$)*%,*-#&,'46#$%#,=*#s%$,*4#B,",*&;#L7#e*"-,#p#JbbJU#JMJQ
JbTY<YO;##
O`; Z+1'))$#qB3#q-$0=,#iF3#p"&_$#\C3#*,#"1;#R$1-$%+%*#"%4#4+2',"7$%*
$%#&*8*-*#=*"-,#("$1'-*Q#4$((*-$%0#=*7+46%"7$)#*((*),&#"%4#$%4$8$<
4'"1#/",$*%,#-*&/+%&$8*;#Z$-)#JbaYU#]N#DB'//1#EEEHQ#J]T<aN;##
OJ; r*-*$"_*&#G3#Z=",,*-@**#r3#S"-71*6#qq3#*,#"1;#E%,-"8*%+'&#"%4
+-"1#RG!#J]`ON#"#%*W#$%+,-+/*<8"&+4$1",+-#"0*%,#$%#)+%0*&,$8*
=*"-,# ("$1'-*Q# =*7+46%"7$)# "%4# )1$%$)"1# *8"1'",$+%&# $%# Na
/",$*%,&;#p#L7#Z+11#Z"-4$+1#JbaOU#OQ#aaO<b;##
OM; e$-+&*#e3#R"&=$_+#B3#r$7'-"#K3#*,#"1;#L%,$,=-+72+,$)#"),$8$,6#+(
kBS#TJN;#L#%+8*1#&*1*),$8*#/=+&/=+4$*&,*-"&*#N#$%=$2$,+-#+%
(*7+-"1#"-,*-$"1#,=-+72+&$&#$%4')*4#26#/=6&$)"1#&,*%+&$&#"%4
*1*),-$)"1#)'--*%,Q#)+7/"-$&+%#+(#"%,$,=-+72+,$)#"%4#=*7+46%"7$)
*((*),&;#p#Z"-4$+8"&)#S="-7")+1#M```U#NTQ#TaY<bO;##
ON; e"6"&=$4*# k3# K+7+*4"# e3# c4"# K3# *,# "1;# E%=$2$,+-6# *((*),# +(
7$1-$%+%*#+%#)6,+_$%*#/-+4'),$+%#"(,*-#)"-4$+/'17+%"-6#26/"&&;
L%%#K=+-")#B'-0#JbbbU#YaQ#JYYJ<];##

!:9

!:"

/012+1-'#2&+)34#(&-'5',%-&%(+#,&-''6'6'6

OO; r'2+#Be;#Z1$%$)"1#*(($)")6#"%4#&"(*,6#+(#/$7+2*%4"%#+%#*A*-)$&*
,+1*-"%)*#"%4#5'"1$,6#+(#1$(*#$%#/",$*%,&#W$,=#=*"-,#("$1'-*;#Z"-4$+1
Jbb]U#aa#DB'//1#MHQ#Na;##

)+%0*&,$8*#=*"-,#("$1'-*Q#1")_#+(#2*%*($,#)+7/"-*4#W$,=#/1")*<
2+;#Z$-)'1",$+%#Jbb`U#aMQ#]]O<a`;##

OT; L%,$1"#B3#C="#p3#e*$%/"1'#R3#*,#"1;#e*7+46%"7$)#$%,*-"),$+%&
+(#"#%*W#)"1)$'7#&*%&$,$:$%0#4-'0#1*8+&$7*%4"%#"%4#)"/,+/-$1;
C'-#p#Z1$%#S="-7")+1#JbbYU#ObQ#OTJ<a;##

TM; Z+=%#pk3#P+14&,*$%#B3#P-**%2*-0#\e3#*,#"1;#L#4+&*<4*/*%4*%,
$%)-*"&*# $%# 7+-,"1$,6# W$,=# 8*&%"-$%+%*# "7+%0# /",$*%,&# W$,=
&*8*-*#=*"-,#("$1'-*;#[*&%"-$%+%*#,-$"1#$%8*&,$0",+-&;#k#C%01#p
R*4#JbbaU#NNbQ#JaJ`<Y;##

OY; F*147"%#LR3#\*)_*-#!Z3#!1*W*116%#RS3#*,#"1;#C8"1'",$+%#+(#%*W
$%+,-+/$)#"0*%,;#cSZ#aMJM3#$%#/",$*%,&#W$,=#4$1",*4#)"-4$+76+/",=6
"%4#=*"-,#("$1'-*;#L7#e*"-,#p#JbaaU#JJYQ#]]J<];##

TN; Z"1$(#iR3#\*%0&,+%#pi;#Z"-4$+0*%$)#&=+)_;#k#C%01#p#R*4#JbbOU
NN`Q#J]MO<N`;##

O]; P$8*-,:#R3#e"-*#pR3#!+=#C3#*,#"1;#C((*),#+(#2+1'&#7$1-$%+%*#+%
=*7+46%"7$)#8"-$"21*&#"%4#/'17+%"-6#8"&)'1"-#-*&$&,"%)*#$%
/",$*%,&#W$,=#&*8*-*#1*(,#8*%,-$)'1"-#46&('%),$+%Q#"#-"/$4#,*&,#(+-*8*-&$2$1$,6#+(#/'17+%"-6#=6/*-,*%&$+%;#p#L7#Z+11#Z"-4$+1#JbbYU
MaQ#J]]T<a`;##
Oa; R"-)'&#ie3#i"W#r3#S",*1#p3#*,#"1;#Z+7/"-$&+%#+(#$%,-"8*%+'&
"7-$%+%*#"%4#4+2',"7$%*#$%#)+%0*&,$8*#=*"-,#("$1'-*#4'*#,+
$4$+/",=$)# 4$1",*4# )"-4$+76+/",=6;# L7# p# Z"-4$+1# Jbb`U# YYQ
JJ`]<JM;
Ob; S")_*-# R3# R*4$%"# k3# m'&="_# R;# e*7+46%"7$)# "%4# )1$%$)"1
1$7$,",$+%&#+(#1+%0<,*-7#$%+,-+/$)#,=*-"/6#W$,=#"7-$%+%*#$%#/",$*%,&
W$,=#&*8*-*#)=-+%$)#=*"-,#("$1'-*;#Z$-)'1",$+%#JbaOU#]`Q#J`Na<O];
T`; S")_*-#R3#Z"-8*-#pi3#i+4*=*((*-#ip3#*,#"1;#C((*),#+(#+-"1#7$1-$%+%*
+%#7+-,"1$,6#$%#&*8*-*#)=-+%$)#=*"-,#("$1'-*;#k#C%01#p#R*4#JbbJU
NMTQ#JOYa<]T;##
TJ; s-*,&_6#\F3#p*&&'/#R3#r+%&,"7#RL3#*,#"1;#R'1,$)*%,*-#,-$"1#+(
+-"1#*%+A$7+%*#$%#/",$*%,&#W$,=#7+4*-",*#,+#7+4*-",*16#&*8*-*

TO; !"%40"-,*%#Rp3#r'7"-#L3#S"--$11+#pC;#Z"-4$+8"&)'1"-#46&('%),$+%
$%#&*/&$&#"%4#&*/,$)#&=+)_;#Z'--#K-*",#c/,$+%&#Z"-4$+8"&)#R*4
M```U#MQ#OTJ<b;##
TT; k"&-"W"6#BL3#i")_+W#LZ3#L&$,:#RC3#*,#"1;#E%+,-+/$)#-*&/+%&*
,+#4$0+A$%#"%4#4+/"7$%*#$%#/",$*%,&#W$,=#&*8*-*#&*/&$&3#)"-4$")
("$1'-*#"%4#&6&,*7$)#=6/+/*-('&$+%;#Z=*&,#JbabUbTQYJM<T;##
TY; R"$&*1#LB;#S-"),$)"1#"//-+")=*&#,+#,-*",$%0#/",$*%,&#W$,=#")',*
4*)+7/*%&",*4#=*"-,#("$1'-*;#p#Z"-4#F"$1#M``JU#]#HB'//1#JHQ
JN<];
T]; !+=#C;#c8*-8$*WQ#+14#"%4#%*W#)+%,-+8*-&$*&#$%#,=*#,-*",7*%,#+(#"48"%)*4
)+%0*&,$8*#=*"-,#("$1'-*;#p#Z"-4#F"$1#M``JU#]#DB'//1#JHQ#J<];
Ta; S")_*-#R3#Z+",&#LpB3#F+W1*-#R\3#*,#"1;#C((*),#+(#)"-8*4$1+1#+%
&'-8$8"1#$%#&*8*-*#)=-+%$)#=*"-,#("$1'-*;#k#C%01#p#R*4#M``JU
NOOQ#JYTJ<a
Tb; \-$&,+W#Ri3#B="_"-#BF3#!$%&*7"%#pF3#*,#"1;#E%+,-+/*&#"%4#\<
21+)_*-&Q#$&#,=*-*#"#%**4#(+-#%*W#0'$4*1$%*&v#p#Z"-4#F"$1#M``JU
]#DB'//1#JHQ#a<JM;##

También podría gustarte