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=DH9K9<GQ;GF=DDG=D;GF;=HLG<=F9;AgF


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 -9F$GKb<=GKL9,A;9<ALGJA9D*GJN=FAJ H
 


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 ! $

GF D9 ,=>GJE9 =F =D HD9FG =<M;9LANG L9E:AbF K= DG?J9JGF
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2#2
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HJGEGN=JD9=<M;9;AgF
AN=JK9KAKHGKA;AGF=KQ,=?D9E=FLGK>M=JGF
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>GJE9;GF;J=L99LJ9NbK<=Dog<A?G<=#FKLJM;;AgF*h:DA;9p
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Q H9J9 =D HJAE=JG K=Jc9 G:DA?9LGJA9 Q ?J9LMAL9
 = =KL9 >GJE9 D9
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 KLG =K >MF<9E=FL9D
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=F"GF<MJ9K

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 F  >M=JGF 9:A=JLGK  HD9FL=D=K IM=
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9DMEF9K
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?M:=JF9E=FL9D LG<9Nc9 =J9 AFKM>A;A=FL= HGJ =B=EHDG =F   K=
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E=FGJ<= 9eGK=K<=;AJIM=D9HG:D9;AgF=F=<9<=K;GD9JJGF<9:9
D9KH=JKGF9KQ;GEGK=NAG9JJA:9D9G>=JL9=<M;9LAN99H=F9K
GK;AD9:9=FMFGK  9DMEFGK;GFDG;M9D@9:c9F;=J;9<= 
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=LG<9KE9F=J9KDG
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EG<=JFG =F "GF<MJ9K

*GJ KM H9JL= DGK =KLM<AGK K=;MF<9JAGK IM= HJ\;LA;9E=FL= 9H=F9K


=PAKLc9F9FL=K<=D9,=>GJE9Q9IM==FD9E9QGJc9<=DGK;9KGK:9BG
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;GFG;AEA=FLGK <= E9L=E\LA;9K >M= LJ9FK>GJE9<9 ;GEHD=L9E=FL=


39FC=D=NA;@*9:DG A@6GD3E'bPA;G DA9FR9'=PA;9F9#FKLALMLG<=#FN=KLA?9;AGF=K$GKb'9Jc9&MAK'GJ9
/FAN=JKA<9<<=!M9<9D9B9J9  H
 

 
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J9D=K >cKA;9 E9L=E\LA;9K = A<AGE9K K= =KH=J9:9 <9J MF9 KgDA<9
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 &9 FM=N9 GJ?9FAR9;AgF
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H9J9D9G:L=F;AgF<=<G;LGJ9<GK 

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 FLJ= =KGK AFL=D=;LM9D=K N9D= D9
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H9J9KMKLALMAJ9DGKJ=?AKLJGKH9JJGIMA9D=KbKL9<AJ=;;AgF>M=HM=KL9=F
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(9;AGF9DJ=9DAR9<G=F  

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<= oAE9?AF9;AgF <= D9 F9;AgFp DD=N9<G 9 ;9:G HGJ DGK J=>GJEAKL9K
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 -A :A=F =K ;A=JLG IM= Q9 <=K<= =D H=JAG<G ;GDGFA9D K=
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>MF<9E=FLGK <=D HGKALANAKEG
 F =KL= ;9KG ;GEG 9HMFL9 =F=<A;L
F<=JKGF9;=J;9<=D9AEHGJL9F;A9<=DGK;=FKGKbKLGK9HGJL9F 9<=E\K
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HG:D9;AGF=KIM=K=<GEAF9FH=JGL9E:AbF=DHG<=J<=L=;L9JD9KDAKL9K
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KAEAKEG=D=FKG<=   IM=9JJGBgMF;gEHMLGLGL9D<= 


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 D9 N=R
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M=<=@=;@G=F=KL=H=JAG<G;M9F<GK=>MF<g=DHJAE=JH=JAg<A;G<=
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  GF<G<=MDLMJ9;GFgEA;9  H


 
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 'M3;+3)/I3*+1'97'*/)/I3N*+1):194'1M '39+I3*+148
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39 ;GF J=D9;AgF 9D HJG;=KG <= ;J=9;AgF <=D AE9?AF9JAG <= 'GJ9R\F
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F9;AGF9D>M==F=D;9EHG<=D9o=KL9LM9JA9;cNA;9p

F =>=;LG =F =D LJ\FKALG <=D KA?DG 2#2 9D 22 D9 =KL9LM9JA9 ;cNA;9 K=
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Q=NG;9JD9E=EGJA99JIM=LcHA;9<=DGK@bJG=KF9;AGF9D=K 

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oE9L=JA9D <= D9 E=EGJA9p E9FA>A=KL9 <= =K9 >GJE9 MF ;9J\;L=J
H=<9?g?A;G Q KAE:gDA;G IM= =FD9R9 =D H9K9<G ;GF =D HJ=K=FL= Q DG
HJGQ=;L9@9;A9=D>MLMJG 

KAEAKEG &= !G>> 9e9<= IM= DGK EGFME=FLGK =F D9LcF


?A@G?7@FG? KGF G:J9K <= ;9J\;L=J Hh:DA;G IM= K= ;GFNA=JL=F =F
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9FL=DGK=KH=;L9<GJ=K

F>AF=DEGFME=FLGG=KL9LM9=KLG<GDGIM=HM=<=@9;=JNGDN=J9D
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;GFE=EGJ9LANGK


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<=D9/FAN=JKA<9<<=GKL9,A;9 *
 


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0##(hE=JG$MFAG<=D HH
 


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 ! $

*9J9=D@AKLGJA9<GJ.@GE9K=FB9EcFDGKEGFME=FLGK

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J=HJ=K=FL9;AGF=K JALM9D=K H9J9 >A=KL9K ;GFE=EGJ9LAN9K Q
;=D=:J9;AGF=KqDEGFME=FLG=D=K;=F9JAGD9J=HJ=K=FL9;AgFQ
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IM==DKL9<G=DJb?AE=FG=D?G:=JF9FL==Ko>A=D9DGKH9<J=K
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GEG
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J=;M=J<= BMFLG 9 GLJ9K H=JKGF9K HGJ DG IM= K= J=9>AJE9 D9
KGDA<9JA<9<<=D?JMHGQD9MFA<9< 

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<AK=e9<GK H9J9 HJGQ=;L9J L=EGJ G 9<EAJ9;AgF 9D G:K=JN9<GJ H9J9
J=;GJ<9JD=KD99FLA?i=<9<<=D9K<AF9KLc9KD9JAIM=R9<=D9;GEMFA<9<
D9N=J<9<<=D9A<=GDG?c9IM=HJGQ=;L9FD9KNA;LGJA9KEADAL9J=KGDGK
LJAMF>GK<=D9KJ=NGDM;AGF=K
*GJ=KGD9K=KL9LM9KJ=HJ=K=FL9FD9JAIM=R9
QKG:J=LG<G=DHG<=J 

F =D ;9KG <= =FLJG9EbJA;9 *9LJA;A9 ME=JG @9 =KLM<A9<G D9


JALM9DAR9;AgF <= D9 =KL9LM9 <=D ;GKL9JJA;=FK= $M9F -9FL9E9Jc9 =F =D
HJG;=KG<=;GFKLJM;;AgF<=D9F9;AgF=F=K=H9cKQ9<NA=JL=IM=o5

6
>3 7EF3FG3D;3 5UH;53 E7 FD3@E8AD?3 7@ G@ D787D7@F7 7EB35;3> K 67> BA67D 3>
4D;@63D G@3 E7D;7 67 H3>AD7E CG7 B7D?;F7@ >3 5A@E39D35;Y@ 67> BA67D CG7
>AE 9DGBAE 6A?;@3@F7E 67E73@ BDAK75F3D` 

GFJ=D9;AgF9"GF<MJ9KQEbJA;9&9LAF9=F?=F=J9D<MJ9FL=D9=J9
DA:=J9D <= >AF9D=K <=D KA?DG 2#2 DGK KL9<GK K= <A=JGF 9 D9 L9J=9 <=
9;GE=L=JD9AFKL9D9;AgF=FKMKHJAF;AH9D=K=KH9;AGKHh:DA;GK<=LG<9
MF9=KL9LM9JA9;cNA;9FGKGD9E=FL=H9J9=D9EM=:D9EA=FLGMJ:9FGQ
=KLbLA;GKAFG;GF<GK>AF=K

 *JAE=JG E=<A9FL= <AKLAFL9K E9FA>=KL9;AGF=K =K;MDLgJA;9K


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 ! $

o"AKLGJA9J=N=J=F;A9Dp

KL9 >GJE9 <= @9;=J @AKLGJA9 9hF <ANA<= 9 DGK 9;LGJ=K KG;A9D=K IM=
>GJE9F H9JL= =F DGK @=;@GK @AKLgJA;GK =FLJ= :M=FGK Q E9DGK
 GF
AFMKAL9<9 >J=;M=F;A9 =F MF =PLJ=EG 9H9J=;=J\F DGK @bJG=K  KAF
E=F;AGF9J KMK =JJGJ=K  Q =F =D GLJG K= M:A;9J\F DGK LJ9A<GJ=K DGK
N=F<= H9LJA9KKAFIM=K=D=KJ=;GFGR;9;M9DA<9<9D?MF9
KL9@AKLGJA9
=KD9HJ=>=JA<9HGJD9KAFKLALM;AGF=K?M:=JF9E=FL9D=KHM=K;GF>A?MJ9
9 DGK o?J9F<=K @GE:J=Kp ;GEG H=JKGF9B=K ;GF IMA=F=K =K >\;AD
A<=FLA>A;9JK= <=:A<G 9 KM HJ=K=FL9;AgF ;GEG K=J=K ;9KA hFA;G
=PLJ9GJ<AF9JAGK

FKME9;J==EGKIM=D9>A?MJ9<='GJ9R\F@9KA<GMFAFKLJME=FLG
<AK;MJKANG<=A<=FLA<9<F9;AGF9DHGJ9FLGFGE9KA9=F"GF<MJ9K
K
HGKA:D=IM=;GFDGK:JML9D=K9;GFL=;AEA=FLGK?=F=J9<GK9H9JLAJ<=D
!GDH=<=KL9<G<=BMFAG<=D QD9LGE9<=;GF;A=F;A9F9;AGF9DAKL9
=FLJ=D9 ;@F7>>;97@FE;3HJG?J=KAKL9Q<=ARIMA=J<9D9NAKAgF<='GJ9R\F
LA=F<99K=JJ=NAKAL9<9<=K<=MF=F>GIM=IM=J=K;9L=9MF'GJ9R\F
E\KJ=NGDM;AGF9JAGQ=D=N9<G9MF9=KL9LMJ9;GFLAF=FL9D=FD9DcF=9<=
-AEgF GDcN9J

-AF<M<99H=K9J<==K9H=JKH=;LAN9E9FAIM=9=K<A>c;ADF=?9JIM=
'GJ9R\FK=9IMAR\K=DH=JKGF9B=<=D9"AKLGJA9@GF<MJ=e9;GFE9QGJ
<AE=FKAgF;GFLAF=FL9D=AF;DMKGMFAN=JK9D

AF9DE=FL==KAEHGJL9FL==PHGF=JIM=D9>A?MJ9<='GJ9R\F@9KA<G
L9FHG<=JGK9=FD9;GFKLJM;;AgF<=AE9?AF9JAGK<=A<=FLA<9<F9;AGF9D
IM=AF;DMKG@9KA<GLGE9<G;GEG:9F<=J9<=DM;@9HGJA<=GDG?c9K=
AFKLALM;AGF=K L9F <AKcEAD=K ;GEG DGK EADAL9J=K <= =PLJ=E9 <=J=;@9
>9K;AKL9HGJ=D*9JLA<G&A:=J9DHGJ?JMHGK?M=JJADD=JGK<=ARIMA=J<9
=FDGK9eGK ;GEG=DD=?=F<9JAG J=FL='GJ9R9FAKL9<=&A:=J9;AgF
(9;AGF9D '&(Q@GQ=F<c9HGJ=D J=FL=(9;AGF9D<=,=KAKL=F;A9
*GHMD9J (,*

*GJ GLJG D9<G L9E:AbF =D ?G:A=JFG <= D9 ,=>GJE9 &A:=J9D GJ<=Fg
=K;MDHAJ MF9 =KL9LM9 <= $GKb =;ADAG <=D 09DD= E=<A9FL= =D EAKEG
=;J=LG<=D<=9?GKLG<= D9;M9D>M=KALM9<9KGD=EF=E=FL=
=FD9o*D9R9<=-9F J9F;AK;Gp=F=DH9JIM=IM=@GQDD=N9KMFGE:J=
=F =D ;=FLJG <= .=?M;A?9DH9
D A?M9D IM= 'GJ9R\F 09DD= IM=<g

0b9K=!GFR\D=R&McK ,;3<7BAD>3;EFAD;367#TJ;5A'bPA;G )(/&. 

 
!/$,- !'/!,-$#$9' .-$/7(( 
+!"(+&%$!+%0%(',-+.$9' !%"$#.+ !
+'$,((+12'(&($&#$'+$( !%'$9'

AFEGJL9DAR9<G=F=D;9D=F<9JAG;cNA;G@GF<MJ=eG=KL9:D=;A<G<MJ9FL=
D9 ,=>GJE9 &A:=J9D
 "GQ =F <c9 =D *9D9;AG *J=KA<=F;A9D MF9
/FAN=JKA<9<QMFKAF>cF<==K;M=D9KQ;GD=?AGK9DGD9J?GQ9F;@G<=D
H9cKDD=N9F=DFGE:J=<=DK9:AG09DD=Q9<=E\K=D<c9<=FGNA=E:J=
>=;@9<=KMF9L9DA;AG=K<c9<=>A=KL9F9;AGF9D=FD9IM=K==FLJ=?9FDGK
*J=EAGK(9;AGF9D=K<=A=F;A9o$GKb=;ADAG<=D09DD=p

*GJGLJ9H9JL=L9E:AbFK=;GEAKAGFgD9;GF>=;;AgF<=GLJ9K=KL9LM9K
;GEGD9<=AGFAKAG<="=JJ=J9 =DHJAE=J$=>=<=KL9<G<="GF<M
J9K    E=FLGJ <= 'GJ9R\F Q :9DM9JL= <= D9 HJAE=J9
?=F=J9;AgFDA:=J9D@GF<MJ=e9=D:MKLG>M=AFKL9D9<G=F=D*9JIM=IM=
@GQ DD=N9 KM FGE:J= >J=FL= 9D .=9LJG (9;AGF9D <= .=?M;A?9DH9

KAEAKEG K= =K;MDHA=JGF DGK :MKLGK =F E\JEGD <= 9JJ9J9 <=D
HJ=KA<=FL=$GKb.JAFA<9<9:9e9KQ<=DHJ=K:cL=JG$GKb.JAFA<9<,=Q=K
>MF<9<GJ <= D9 /FAN=JKA<9< @GF<MJ=e9
 E:GK :MKLGK >M=JGF
;GDG;9<GK=FD9o*D9R9<=D9'=J;=<p
DHA=<=D9=>A?A=<=9:9e9KK=
D==MF9AFK;JAH;AgFIM=J=R9 _>:7DA;5AEA>636A67>3G@;Y@677@FDA
?TD;53 > 9G7DD7DA ?A67>A 67 H3>AD 5A@EF3@5;3 67 :A@D367L K 67
>73>F36`BADEGB3DF77@7>B767EF3>67>B36D7(7K7ED7E3>F3@6AE>7K7@63E
CG7 6;57@ _> ?QE ;>GEFD7 ;@;5;36AD 67 >3 >GEFD35;Y@ BZ4>;53` _>
BDA8G@6A 8;>YEA8A 67 >3 @3FGD3>7L3 > E357D6AF7 CG7 7<7D5;Y G@ 3>FA
?;@;EF7D;A67B3L?3@E76G?4D7K53D;636`.G<9Nc9<=KHMbK=F=D9eG
<= =D<=E9QG;GF=DHJGHgKALG<==P9DL9J9DGK@GF<MJ=eGK
Q @GF<MJ=e9K IM= <=<A;9:9F KM NA<9 9D =KLM<AG =D KL9<G 9;GJ<g
;=D=:J9J=D <=BMFAG F9L9DA;AG<=D*9<J=,=Q=K ;GEGoc9<= A=K
L9(9;AGF9DH9J9DGK=K;GD9J=Kp;GFDGIM=IM=<gAFKLALM;AGF9DAR9<G=D
<=BMFAG;GEGoc9<=DKLM<A9FL=p


$48D/43/8/4*+1'$7/3/*'*+77+7'E'>*+1&'11+F9;Ag=F$=J=R<=D9@GDML=;9*JGNAF;A9<="GF<MJ9K=D
<=G;LM:J=<= 
-MKH9<J=K>M=JGF<GF$M9F$9;AFLG"=JJ=J9Q<Ge9*9MD9c9R<=D09DD=#R9?MAJJ=J9E9HGJD9;M9D
=J9HJAEG;GF$GKb=;ADAG<=D09DD=
 M=:9MLAR9<GHGJ>J9Q$GKb!AFbK<='9QGJ?9=D<=G;LM:J=<= 
=
H=IM=eGK=LJ9KD9<g;GFKM>9EADA99.=?M;A?9DH9QDM=?GK=?J9<Mg<=9:G?9<G=FD9/FAN=JKA<9<-9F9JDGK<=
GJJGE=G<=!M9L=E9D9
GFLJ9BGE9LJAEGFAG=F  ;GF<Ge9'A;9=D9+M=K9<9GJB9K@=JE9F9<=D9E9<J=<=D
?=F=J9D'GJ9R\FHGJDGL9FLGK=;GFNAJLAg=FLcGHGDcLA;G<=bKL=

-A=F<GKAEH9LAR9FL=<=D9,=NGDM;AgF J9F;=K9QH9JLA<9JAG<=D9AF<=H=F<=F;A9;=FLJG9E=JA;9F99;LMg;GEG
HJGL9?GFAKL9<=<A;@G=N=FLG
DhDLAEG9D;9D<==KH9eGD<=.=?M;A?9DH9<GF(9J;AKG'9DDGDDGFGE:Jg-=;J=L9JAG<=D
QMFL9EA=FLG=D<=9?GKLG<= 
/F9N=RHJG;D9E9<9D9AF<=H=F<=F;A9=D <=K=HLA=E:J=<=  K=9<@AJAg
9D9EAKE9;M9F<G=D<=DEAKEGE=K >=;@9=FIM=DD=?9JGF9.=?M;A?9DH9DGKHDA=?GK<=D9AF<=H=F<=F;A9 J=<9;Lg
MF9;L9;GEHD=E=FL9JA99;=HL9F<GQJ9LA>A;9F<GD9DA:=J9;AgF
#FKL9MJ9<9D9,=Hh:DA;9 =<=J9D<==FLJG9EbJA;9=F
K=;GFNAJLAg=F=DHJAE=J$=>=<=KL9<G<="GF<MJ9K=FLJ=K=HLA=E:J=<==K=9eGQE9QG<= 




  

 ! $

KL9LM9 <= $GKb =;ADAG <=D 09DD= =F =D oH9JIM= 09DD=p <= .=?M;A?9DH9

*GJ E=<AG <= D9 =KL9LM9JA9 DGK J=>GJE9<GJ=K ;GFNAJLA=JGF 9 'GJ9R\F 09DD= "=JJ=J9 Q GLJGK
HJg;=J=K Q H=JKGF9B=K =F DGK E\PAEGK @bJG= <= D9 F9;AgF Q 9 H9JLAJ <= =K= EGE=FLG K=
;GFKLALMQ=JGF=FMFoAE9?AF9JAGpIM=H9Kg9G;MH9JDGKHJAF;AH9D=K=KH9;AGKHh:DA;GK<=D9K
;AM<9<=K Q HM=:DGK @GF<MJ=eGK Q9 IM= 9<=E\K <= D9K =KL9LM9K =PAKL=F :GMD=N9J=K ;9DD=K
=K;M=D9K MFAN=JKA<9<=K ;=FLJGK ;MDLMJ9D=K Q GLJGK KALAGK IM= DD=N9F KMK FGE:J=K

 
!/$,- !'/!,-$#$9' .-$/7(( 
+!"(+&%$!+%0%(',-+.$9' !%"$#.+ !
+'$,((+12'(&($&#$'+$( !%'$9'

+ '77/(' .')/' '('04 <A>=J=FL=K AFKL9F;A9K <= J=HJ=K=FL9;AgF <= 'GJ9R\F DA?9<G ;GF DGK
AE9?AF9JAGK<=F9;AgF=F"GF<MJ9K
*JAE=JGMF9BGN=Fo*9DADDGF9pGo*GEHGF=J9p@GF<MJ=e9
=FMF<=K>AD=<=D9Ko A=KL9cNA;9p<=D9#F<=H=F<=F;A9<=D <=-=HLA=E:J==FDGK9eGK 
DM=?GMF=K;GD9J@GF<MJ=eG<=;D9E9F<G=FMF9K;M=D9<=!J9;A9K&=EHAJ9=FDGK9eGK
=F MF 9;LG ;cNA;G =F @GE=F9B= 9 'GJ9R\F <=KHMbK MF ?J9:9<G <= 'GJ9R\F <= DGK IM= K=
9;GKLME:J9=KL9EH9J=FD9K9MD9K<=D9K=K;M=D9K@GF<MJ=e9KDM=?GD9HGJL9<9<=MFDA:JG<=
L=PLGIM=J=;G?=D9:AG?J9>c9<='GJ9R\FQHGJhDLAEGMF:ADD=L=<=D=EHAJ9K;GFD9=>A?A=
<= 'GJ9R\F
  GLGK 9J;@ANG <= $GJ?= E9Q9



  

 ! $

)LJ9K o=F;9JF9;AGF=Kp G oJ=HJ=K=FL9;AGF=Kp <=


'GJ9R\F =F D9 A<=FLA<9< ;GD=;LAN9 @GF<MJ=e9 <=
9JJA:9@9;A99:9BGoKL9<AG'GJ9R\Fp<=-9F*=<JG
-MD9 o/FAN=JKA<9< *=<9?g?A;9 (9;AGF9D J9F;AK;G
'GJ9R\F /*( 'p =F .=?M;A?9DH9 o,=HJ=K9
"A<JG=Db;LJA;9!=F=J9D J9F;AK;G'GJ9R\Fp=F-9FL9
JMR <= 3GBG9 oMD=N9J 'GJ9R\Fp =F .=?M;A?9DH9
Q o9JJAG 'GJ9R\Fp =F .=?M;A?9DH9

 
!/$,- !'/!,-$#$9' .-$/7(( 
+!"(+&%$!+%0%(',-+.$9' !%"$#.+ !
+'$,((+12'(&($&#$'+$( !%'$9'

GK E9FA>=KL9;AGF=K HGDcLA;9K<=D J=FL= (9;AGF9D <= ,=KAKL=F;A9 *GHMD9J=F =D *9JIM= =F
LJ9D<=.=?M;A?9DH9=FD9KIM=K=E9FA>A=KL9IM=DGKK=?MA<GJ=K<=D9,=KAKL=F;A9K=9HG<=J9F
oKAE:gDA;9E=FL=p <= D9 HD9R9 Q <= D9 KL9LM9 ;GFNAJLAbF<GDGK =F o=KH9;AG <= E=EGJA9p
GJA=FL9<99D9J=:=DAgF

.G<9=KL9H9J9>=JF9DA9KMKL=FL9<9=FD9HJGDA>=J9;AgF<=D9=KL9LM9JA9
J=KHGF<c99D=K>M=JRG;=FLJ9DAR9<GJIM==DJb?AE=F<=-GLG:MK;9:9
HJGHGJ;AGF9J9DKL9<G F9;AgF@GF<MJ=eG
FLG<G;9KGDG;A=JLG=K
IM=D9,=>GJE99HGJLgD9K:9K=K<=DH9FL=gF<=DGK@bJG=KF9;AGF9D=K
=F;9:=R9<GHGJ J9F;AK;G'GJ9R\FAGFAKAG<="=JJ=J9$GKb.JAFA<9<
9:9e9KQ$GKb=;ADAG<=D09DD=
.G<GK=KGKKcE:GDGK@9FLJ9K;=F<A<G
@9KL9FM=KLJGK<c9KLJ9FKEALA<GK<=?=F=J9;AgF=F?=F=J9;AgF9LJ9NbK
<=D KAKL=E9 =<M;9LANG Q E\K J=;A=FL=E=FL= E=<A9FL= DGK E=<AGK
E9KANGK <= ;GEMFA;9;AgF
 .9E:AbF =D ;9J\;L=J bHA;G G D=?=F<9JAG
IM=<gKA?F9<GHGJD9oJALM9DAR9;AgFp=KH=;c>A;9IM=K=@ARG<=;9<9
MF9<==K9KoAE\?=F=Kp9KcHGJ=B=EHDG'GJ9R\F"=JJ=J9Q9:9e9K
IM=<9JGFHJG;D9E9<GK;GEGDGKo@bJG=KpMFAGFAKL9K<=>=FKGJ=K<=
D9,=Hh:DA;9 =<=J9D09DD=;GEG=DAFL=D=;LM9DADMKLJ9<G=DoK9:AGp
E\K?DGJAGKGIM=@9H9JA<G"GF<MJ9KQ9D*9<J=,=Q=KK=D=@GFJg
;GEG=DoHJGL=;LGJp<=D9;MDLMJ9F9;AGF9DQ<=D9=<M;9;AgF 

F J=KME=F &9 ,=>GJE9 &A:=J9D @GF<MJ=e9 ;GFKLALMQg MF


9;GFL=;AEA=FLG<=LJ9K;=F<=FL9DAEHGJL9F;A9=FD9@AKLGJA9<=DH9cKQ
K=FLg D9K :9K=K H9J9 MF9 EG<A>A;9;AgF KMKL9F;A9D <= D9K NA=B9K
=KLJM;LMJ9K @=J=<9<9K <=D H=JcG<G ;GDGFA9D 9KAEAKEG =B=J;Ag MF9


-G:J==KL=9KMFLGHM=<=;GFKMDL9JK==FLJ=GLJGK9J9@GF9'9JNAF HA>G5;Y@:;EFYD;5367>3;67@F;636@35;A@3>
.=?M;A?9DH9<ALGJA9D!M9QEMJ9KGD=;;AgFg<A;=K<=A=F;A9K-G;A9D=K  HH
Q



  

 ! $

AF>DM=F;A9HJG>MF<9=F=DMDL=JAGJ<=K9JJGDDG<=D9@AKLGJA9F9;AGF9D

GF=DD9K=;AE=FL9JGFDGK>MF<9E=FLGKIM=<A=JGF>GJE9E\K=KL9:D=
Q ;=FLJ9DAR9<9 9D KL9<G F9;AgF @GF<MJ=eG AFN=FL9F<G ?J9F H9JL=
<= DGK KcE:GDGK Q =D=E=FLGK A<=FLAL9JAGK IM= ;GF>A?MJ9F DGK
AE9?AF9JAGK <= F9;AgF =F "GF<MJ9K L9J=9 IM= >M= ;GFLAFM9<9
9>9FGK9E=FL= HGJ D9K ?=F=J9;AGF=K HGDcLA;9K = AFL=D=;LM9D=K
KM:KA?MA=FL=KKG:J=LG<GD9K<=D9HJAE=J9EAL9<<=DKA?DG22LA=EHG
<MJ9FL= =D ;M9D LG<9Nc9 K= HJGK=?Mc9 D9 D9:GJ <= J=HJG<M;AJ GLJ9K
oAE\?=F=Kp=FD9K;M9D=KK=>M=J9A<=FLA>A;9F<G9DHM=:DG;GFD9F9;AgF

 
!/$,- !'/!,-$#$9' .-$/7(( 

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