Está en la página 1de 18

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

0,&*'
+,"')-&-.,'-,/*%0-&(-!#-,"%-"

Q*-3(&R(31*,/SI3(,<+)2
H4(.;+&G)(73+,)*SI3(,<+)2
I3(,E3&T1,.=(()2SH81.(()
.,/,%,*+&0$&.$%1##"''"&23%)$+)14'$
5+,/$#%,010&0$&63,+)1+1&7""&&

%*&+1*,
$%& '()*)+,)& )*-(.,/& ()01)(23& %3& +)-)*.434& 4)& ,(3,3(5& 4)& 0/(63&
.+,)(4.*-.'%.+3(.35&%3*&.+7)*,.83-./+)*&*/9()&)%&63+):/&4)&%/*&()-1(*/*&
+3,1(3%)*& 3-1;,.-/*& '/(& 6)4./& 4)& ,)/(<3*5& 6=,/4/*& >& ,=-+.-3*& 4)&
%3*& *.81.)+,)*& 4.*-.'%.+3*?& 8)/8(30<35& %.6+/%/8<35& )-/%/8<3& >& ,3@/+/6<3A&
B)C3%3(&)%&D1)E3-)(&4)&-343&1+3&4)&=*,3*&')(6.,)&/(.)+,3(&%3*&%<+)3*&4)&
8)+)(3-.F+&>&3'%.-3-.F+&4)%&-/+/-.6.)+,/&D1)&-1%,.73+&%/*&.+,)8(3+,)*&
4)%& G1)('/&H-34=6.-/& 4)& I3+):/& 4)& %/*& J)-1(*/*&H-1;,.-/*& 4)& %3&
K+.7)(*.434&4)&L1.+,3+3&J//A

!"#"$%"&' &H8135&4)*3((/%%/&*1*,)+,39%)5&M)+<+*1%3&4)&N1-3,;+
!"
(#")*

!"##$"%&$'$()#*+,("%-&/0(31*,/O1D(//A6@&P&34-)(73+,)*O1D(//A6@&P&63(81,.)(()2O1D(//A6@

#!"#$%&'&(#%)*+
,&-./001&234,/5
I3+):/&4)&%/*&()-1*/*&+3,1(3%)*&3-1;,.-/*&
K+3&7.*.F+&.+,)(4.*-.'%.+3(.3

1#.+&(-,,02#
$+&)%&7)(3+/&4)&VWWX5&)+&Y3(38/235&$*'3C35&*)&%%)7F&3&-39/&)%&ZZZ&R/(/&I1+4.3%&
!U 4)%&H8135&43+4/&*)81.6.)+,/&3&%/*&-/6'(/6.*/*&34D1.(.4/*&)+&%3&-/+0)()+-.3&4)&
%3&G.1434&4)&I=@.-/&)+&VWW[A&$*,3*&()1+./+)*&,.)+)+&-/6/&\+3%.434&6/*,(3(&
%/*&373+-)*&4)&%3*&'()/-1'3-./+)*&E163+3*&)+&,/(+/&3%&()-1(*/&+3,1(3%A&$+&)%&
R/(/&*)&3+3%.23(/+&,()*&3*')-,/*?
18& $%&3813&-/6/&()-1(*/
48& H813&>&%3*&+)-)*.434)*&E163+3*
(8& $%&3813&>&*1&63+):/&*1*,)+,39%)
]/*&,()*&):)*&)*,;+&<+,.636)+,)&()%3-./+34/*&>&*/+&4),)(6.+3+,)*&'3(3&
1+& 63+):/& .+,)8(3%& 4)& %/*& ()-1(*/*& 3-1;,.-/*A& M3(3& T(369/^& _VWWX`5& )*,)&
63+):/&'1)4)&*)(&4)&4/*&,.'/*?&+/(63,.7/&_343',34/&3&%3*&+)-)*.434)*&E163+3*?&
346.+.*,(3,.7/5&4)&8/9)(+39.%.4345&)*,3,3%&/&'(.734/5&*/-.3%5&E3-)+43(./5&\+3+-.)(/&
/& 4)& -3(;-,)(& -1%,1(3%`& 1& /')(3,.7/& _343',3+4/& ,)-+/%/8<3*5& E)((36.)+,3*&
346.+.*,(3,.73*&/&4)&)\-.)+-.3&)-/%F8.-35&4)&()4)*&>&-/61+.-3-./+)*5&4)&03-,/()*&
E163+/*&>&')(*/+3%.434`A&$*,)&-/+-)',/&4)&63+):/&4)&%/*&()-1(*/*&+3,1(3%)*&
*)&93*3&)+&%/*&'(.+-.'./*&4)&%3&*1*,)+,39.%.434A
R%.+,& _VWWU`& ()*3%,3& D1)& %3& */-.)434& *.)6'()& *)& )+0()+,3& 3& (),/*& )+&
-1)*,./+)*&()%3-./+343*&-/+&%3&)-/+/6<35&)%&6)4./&369.)+,)&>&%3&)D1.434&)+,()&
%3*&')(*/+3*A&G343&1+/&4)&%/*&*)()*&E163+/*&)*&30)-,34/&4)&3%81+3&63+)(3&'/(&
%3*&01)(23*&D1)&.6'1%*3+&)*,3*&()%3-./+)*A&B.+&)693(8/5&,(34.-./+3%6)+,)5&%/*&
6/4)%/*&4)&4)*3((/%%/&4)*,.+34/*&3&E3-)(&0()+,)&3&'(/9%)63*&4)&%3&*/-.)434&
E3+&34/',34/&)%&)+0/D1)&*.+81%3(5&3%&39/(43(&%3*&-1)*,./+)*&4)&)-/+/6<35&4)%&
6)4./&369.)+,)&/&4)&%3&)D1.434&4)&0/(63&3.*%343A&$*,/*&6/4)%/*&4)&4)*3((/%%/&
E3+&'(/7/-34/&'(/-)*/*&+/&*1*,)+,39%)*A&&H*<5&)%&4)*3((/%%/&*/*,)+.9%)&)*&)%&):)&
>&%3&-%37)&'3(3&4),)(6.+3(&%3&-3+,.434&>&-3%.434&4)&1*/&4)&%/*&()-1(*/*&3-1;,.-/*5&
4)&,3%&6/4/&D1)&*1&63+):/&'(/'.-.)&%3&*)81(.434&+3-./+3%&)+&%3*&)*0)(3*&4)&
9.)+)*,3(&)-/+F6.-/5&369.)+,3%&>&*/-.3%A&
a)*4)&%3&')(*')-,.73&4)%&4)*3((/%%/&*1*,)+,39%)5&)%&63+):/&.+,)8(3%&4)&%/*&
()-1(*/*&3-1;,.-/*&*)&01+436)+,3&)+&)%&6/4)%/&9;*.-/&4)&%/*&-<(-1%/*&4)&%3&
*1*,)+,39.%.434&_b.(c63++5&VWW[`5&-/+0/(6)&)%&-13%&)%&6)4./&369.)+,)&*)&-/+S&
*.4)(3&1+3&'(./(.434&)-/+F6.-3&>&*/-.3%&_\81(3&d`e&3*.6.*6/5&%3&34/'-.F+&4)%&
63+):/&*1*,)+,39%)&4)&%/*&()-1(*/*&+3,1(3%)*&)+&)%&*)-,/(&)6'()*3(.3%&-/+,.+f3&
-/+&)%&6/4)%/&4)&%/*&g,()*&):)*h&>&4)&M()*.F+S$*,34/SJ)*'1)*,35&4/+4)&()*3%,3&%3&

#!"#$%&'&(#%)*+
,&-./001&234,/5
R(31*,/SI3(,<+)2
G)(73+,)*SI3(,<+)2
T1,.=(()2SH81.(()

.6'%)6)+,3-.F+&4)&+/(63*&4)&-3%.434&>&8)*,.F+&3-()4.,343*&'/(&%3&Z+,)(+3,./+3%&
B,3+43(4*&Q(83+.23,./+&_*+"`&_b.(c63++5&VWWU`&_\81(3&V`A
!i

$-/*.*,)63 $-/*.*,)63 $-/*.*,)63 $-/*.*,)63

$+&63%3*&-/+4.-./+)*&& $+&63%3*&-/+4.-./+)*&& $+&91)+3*&-/+4.-./+)*&& $+&91)+3*&-/+4.-./+)*&&


/&4)-%.7) /&4)-%.7) /&)+&'(/8()*/ /&'(/8()*/

+*+6!7%&897%:" +*+6!7%&897%:" +*+6!7%&897%:" +*+6!7%&897%:"


$+&63%3*&& $+&91)+3*&& $+&63%3*&& $+&91)+3*&&
-/+4.-./+)*&/& -/+4.-./+)*&/& -/+4.-./+)*&/& -/+4.-./+)*&/&
4)-%.7) '(/8()*/ 4)-%.7) '(/8()*/

j/&*1*,)+,39%) j/&*1*,)+,39%) j/&*1*,)+,39%) BKB#$j#Hb]$

;*<9#%&0=&7">!?"&>!&?"+&@$#@9?"+&"&A89!B"+C&>!&?%&+9+6!:6%D*?*>%>&&
-%>%(6%>"&>!&+%#%<!?>*:<E&0,,F5=

$-/%/8<3&
*1*,)+,39%)

ZBQ&dUWWW

])>)* ZBQ&kWWW

B/-.)434 $-/+/6<3
K*/&>&4)()-E/ )\-.)+-.3

;*<9#%&.=&!?&6#*G:<9?"&>!&?%&+9+6!:6%D*?*>%>
-%>%(6%>"&>!&+%#%<!?>*:<&-0,,F5=
#!"#$%&'&(#%)*+
,&-./001&234,/5
I3+):/&4)&%/*&()-1*/*&+3,1(3%)*&3-1;,.-/*&
K+3&7.*.F+&.+,)(4.*-.'%.+3(.3

$*,3*&4/*&3'(/@.63-./+)*&'3(,)+&4)&%3&'()6.*3&4)&D1)&)%&63+):/&4)&%/*&
()-1(*/*&3-1;,.-/*&()D1.)()&'/%<,.-3*&)&.+*,(16)+,/*&-/6/&):)&01+436)+,3%&4)&
![ 3+;%.*.*5&)+&)%&-13%&*)&4)*3((/%%3(;+&73(./*&/9:),.7/*&4)&)*,14./5&-/+&%3&\+3%.434&
4)&%/8(3(&%/&*.81.)+,)?&$D1.434&)+&)%&,(3,36.)+,/&4)&%/*&1*13(./*?&393*,)-.6.)+,/5&
4/,3-.F+5&'()-./*5&(.-/*l'/9()*5&1(93+/*l(1(3%)*5&),-=,)(3A
P& $\-.)+-.3?&)+&)%&1*/5&346.+.*,(3-.F+5&4/,3-.F+5&),-=,)(3A
P& a)*3((/%%/&>&'%3+)3-.F+&()8./+3%?&3+;%.*.*&'(/*')-,.7/&>&3&%3(8/&'%32/
P& Z+7)*,.83-.F+&-13+,.,3,.73&>&-13%.,3,.73
P& G//')(3-.F+&-/+&%3&346.+.*,(3-.F+&%/-3%?&7.+-1%3-.F+&4)&%/*&*)-,/()*&
.+7/%1-(34/*&0)4)(3%)*S%/-3%)*&>&()-/+/-.6.)+,/&4)%&')*/&4)&%/&%/-3%&
)+&%3&8)*,.F+&4)%&()-1(*/
P& G//')(3-.F+&-/+&%/*&346.+.*,(34/()*&4)%&()-1(*/&3813?&D1.=+)*&>&D1=&
'3')%&:1)83+&%/*&3-,/()*&.+7/%1-(34/*&)+&*1&63+):/
H4)6;*5&)+&%3&/(83+.23-.F+&4)%&63+):/&4)%&3813&)@.*,)+&4/*&-/6'/+)+,)*&
-)+,(3%)*?&18&-.)+-.3S,)-+/%/8<35&>&48&.+*,(16)+,/*&4)&346.+.*,(3-.F+&'f9%.-3A&$+&
)%&'(.6)(/5&%3&'/9%3-.F+&)*&)%&'(.+-.'3%&3-,/(&)+&)%&63+):/&4)%&()-1(*/5&>&=*,)&
4)')+4)&,3+,/&4)&*1&-/+/-.6.)+,/&,)-+/%F8.-/&>&-.)+,<\-/&-/6/&4)%&'3')%&
D1)&4)*)6')C3?&,/634/(&4)&4)-.*./+)*5&'(/0)*./+3%&346.+.*,(34/(&/&1*13(./A&
]/*& .+*,(16)+,/*& '1)4)+& *)(& ,)-+/%F8.-/*& _6/+.,/()/`5& %)83%)*& _-/+,(/%`&
/& )-/+F6.-/*& _\+3+-.)(/*`e& >& %3*& 0/(63*& .+*,.,1-./+3%)*& 4)%& 63+):/& */+& 4)&
-3(;-,)(&%)83%5&)-/+F6.-/&/&\+3+-.)(/&_#/63+5&VWW!`A
#369.=+&*)&4)9)+&-/+*.4)(3(&%/*&+.7)%)*&4)&3--.F+&>&/(83+.23-.F+?&18&)%&
8/9.)(+/&-)+,(3%&_%)83%&>&346.+.*,(3,.7/`5&/(83+.*6/&-//(4.+34/(&4)&)*,34<*,.-3*5&
'%3+)3-.F+5&)*,14./*&)&.+7)*,.83-./+)*5&D1)&)*,39%)-)&+/(63*&+3-./+3%)*&4)%&
63+):/&4)%&()-1(*/e&9`&)%&+.7)%&)*,3,3%&/&.+,)(6)4./5&D1)&)*&4/+4)&*)&4.71%83+&
%3*& '/%<,.-3*& +3-./+3%)*& >& *)& 346.+.*,(3& %3& -/6'.%3-.F+& >& %3& 4.()--.F+e& -`& )%&
+.7)%&4)&%/*&1*13(./*5&4/+4)&%/&D1)&)*,;&)+&:1)8/&*/+&%/*&3*')-,/*&,=-+.-/*&>&
,)-+/%F8.-/*&61+.-.'3%)*&/&'(.734/*A
]3& )73%13-.F+& )+& )%& 63+):/& +3,1(3%& 4)& %/*& ()-1(*/*& 3-1;,.-/*& 1*3& )%&
6/+.,/()/&>&-/+,(/%&4)&.+4.-34/()*&4)&()*1%,34/*5&-/+&%3&.+,)+-.F+&4)?&
18&G3(3-,)(.23(&)%&()-1(*/&+3,1(3%?&.+4.-34/()*&4)*-(.',.7/*&>&4)&+3,1(3%)23&
8)+)(3%e&4)&1*/&>&)@'%/,3-.F+e&4)&-/+,36.+3-.F+&>&)-/+F6.-/*&_-/*,/S
9)+)\-./`
48&Z+4.-34/()*&3+3%<,.-/*5&)-/+F6.-/*&>&\+3+-.)(/*&_'()-./&>&\+3+-.36.)+,/5&
3'/>/*&>&3>143*&\+3+-.)(3*&)&.+7)(*./+)*&)+&8)+)(3%`
#!"#$%&'&(#%)*+
,&-./001&234,/5
R(31*,/SI3(,<+)2
G)(73+,)*SI3(,<+)2
T1,.=(()2SH81.(()

(8&Z+7)*,.83-./+)*&>&)*,14./*&4)&'(/*')--.F+&_4)63+43S1*/5&-/+,36.+3-.F+&
>&'(/*')--.F+5&7.*.F+&>&'%3+)3-.F+&3&%3(8/&'%32/`A
H*<5& )%& 3+;%.*.*& >& %3& */%1-.F+& 3& %/*& '(/9%)63*& D1)& '%3+,)3& )%& )*,14./& 4)& !!
%/*& ()-1(*/*& +3,1(3%)*& 3-1;,.-/*& '1)4)+& %/8(3(*)& -/+& 1+3& 3'(/@.63-.F+&
.+,)(4.*-.'%.+3(.35&)+,)+4.43&-/6/&)%&,(393:/&-.)+,<\-/&D1)5&6),/4/%F8.-36)+,)5&
()D1.)()&%3&-/%39/(3-.F+&4)&4.0)()+,)*&4.*-.'%.+3*5&>&D1)&7.+-1%3&4.7)(*3*&)*-1)%3*&
4)%&')+*36.)+,/&)+&%3&9f*D1)43&4)&%3&*/%1-.F+&>&)+,)+4.6.)+,/&4)&1+&/9:),/&4)&
)*,14./&)+&-/6f+A&$*,)&'%1(3%.*6/&4.*-.'%.+3(&)*&4.+;6.-/e&%3*&4.*-.'%.+3*&()*3%,3+&
*1& '(/'.3& 7/25& '()*)(73+& )& .+-%1*/& '(.7.%)8.)+& *1*& 4.0)()+-.3*5& ')(/& *.)6'()&
,(3,3+4/&4)&3%-3+23(&-/E)*.F+5&.+,)8(3-.F+&>&-/E)()+-.3&_b)1-E/,5&VWWX`A&

30*02#'(0*,04)0#"+0"'($')&*'+$,-+*&*''
#".-+")$*'",-/.0,&*
H&-/+,.+13-.F+&*)&4)*-(.9)+&%3*&3'(/@.63-./+)*&,)F(.-3*&>&6),/4/%F8.-3*&4)&%3*&
*.81.)+,)*&4.*-.'%.+3*?&8)/8(30<35&%.6+/%/8<35&)-/%/8<3&>&,3@/+/6<35&-/+&):)6'%/*&
4)&%3*&.+7)*,.83-./+)*&D1)&4)*3((/%%3+&%/*&31,/()*&4)%&)*-(.,/A

9:#";,<1(,"+$%&=$"=#>?(1%&&
$+&$'&<1+$@"&0$&'"%&#$(3#%"%&1(3>),("%
]3&8)/8(30<3&)*&%3&-.)+-.3&D1)&)*,14.3&%3&19.-3-.F+&4)&%/*&0)+F6)+/*&+3,1(3%)*&
>&*/-.3%)*&*/9()&%3&#.)((35&%3*&-31*3*&D1)&%/*&/(.8.+3+5&*1*&-/+*)-1)+-.3*5&%/*&
03-,/()*&>&)%)6)+,/*&D1)&%/*&4),)(6.+3+&>&-3(3-,)(.23+5&3*<&-/6/&%3*&()%3-./S
+)*&+3,1(3%)*&>&E163+3*&4)&-343&0)+F6)+/A&]/*&)*,14./*&8)/8(;\-/*&'3(,)+&4)&
-13,(/&'()81+,3*&4)&%3&-.)+-.3&9;*.-3?&4F+4)5&-F6/5&D1=&>&-1;+,/A&$%&4F+4)&E3-)&
()0)()+-.3&3&%3&19.-3-.F+&>&%/-3%.23-.F+&4)%&0)+F6)+/&-/6/&,3%5&'(/01+4.23+4/&)+&
%/*&'3,(/+)*&4)&4.*,(.91-.F+5&)%&3(()8%/&)*'3-.3%&>&%3*&()%3-./+)*&4)&%/-3%.23-.F+A&
$*,/*&,()*&)%)6)+,/*&01+436)+,3+&%3*&*194.*-.'%.+3*&4)&/(4)+36.)+,/&,)((.,/(.3%&
>&)%&3+;%.*.*&()8./+3%&_b3**/%*5&VWW[`A
G3(3-,)(.23(& (*<"& *)& )+-1)+,(3+& )*,/*& 0)+F6)+/*& ')(6.,)& 4)*-(.9.(& )%&
)*,34/&D1)&813(43+&)+&)%&6/6)+,/&4)%&3+;%.*.*A&]3&\*./8(30<3&)*5&'/(&3+,/+/63*.35&
%3&*194.*-.'%.+3&)+-3(8343&4)&)*,)&4.38+F*,.-/5&)%&-13%&*)C3%3(;&,()*&-/6'/+)+,)*&
9;*.-/*&4)%&()-1(*/?&)%&)*,34/&+3,1(3%5&)%&)*,34/&*/-.3%&>&)%&)*,34/&E163+/A&M/(&
/,(/& %34/5& %3*& -%3*.\-3-./+)*& >& ,.'/%/8<3*& *)& 93*3+& )+& )%&A3B& >& 4)*-(.9)+& %/*&
3*')-,/*&)*)+-.3%)*&4)&/(4)+?&D1=&0/(63&*)&)+-1)+,(3&)%&0)+F6)+/&3&)*,14.3(5&
#!"#$%&'&(#%)*+
,&-./001&234,/5
I3+):/&4)&%/*&()-1*/*&+3,1(3%)*&3-1;,.-/*&
K+3&7.*.F+&.+,)(4.*-.'%.+3(.3

)+& D1=& )*,34/& >& )+& D1=& ,)((.,/(./*e& 8)+)(3& 1+& '(.+-.'./& 4)& /(83+.23-.F+& >&
/(4)+& D1)& 01+436)+,3& %3*& 4.*-.'%.+3*& 4)& %3& /(83+.23-.F+& 4)%& ,)((.,/(./& >& 4)%&
!X /(4)+36.)+,/& ,)((.,/(.3%A& R.+3%6)+,)5& 4)*-(.9.(& )%&(3>+)"& 4)& -343& 0)+F6)+/&
01+436)+,3& )%& 3*')-,/& 6/(0/%F8.-/& _)@,)+*.F+5& 7/%16)+5& '(/01+4.4345& ,.(3:)5&
4)+*.4345&)+,()&/,(3*`&>&6/(0/8(;\-/&_-31*3*&4)&%/*&3*')-,/*&6/(0/%F8.-/*`A&
$+&8)/8(30<3&0<*.-35&%3&8)/6/(0/%/8<3&>&%3&E.4(/8)/8(30<3&*)(;+&%3*&*194.*-.'%.+3*&
'(.+-.'3%)*&4)&)*,)&,.'/&4)&-3(3-,)(.23-./+)*A&G/+:1+,36)+,)5&)+&%3&8)/8(30<3&
*/-.3%&*)&43(;&.6'/(,3+-.3&3%&1*/&>&4)63+43&4)&%/*&()-1(*/*&'/(&%3&'/9%3-.F+e&%3&
8)/8(30<3&-1%,1(3%&*)&)*')-.3%.23(;&)+&)%&73%/(&=,.-/&4)&%/*&6.*6/*&>&)+&%3&8)/8(30<3&
)-/+F6.-3&*)&3+3%.23(;&)%&73%/(&)-/+F6.-/5&'/(&-.,3(&1+/*&):)6'%/*A&G39)&4)*,3-3(&
D1)&%/*&3*')-,/*&'/%<,.-/*5&346.+.*,(3,.7/*5&()%.8./*/*5&),-A5&*/+&3+3%.234/*&4)*4)&%3*&
*194.*-.'%.+3*&D1)&.+,)8(3+&)%&-36'/&8)/8(;\-/5&>&,.)+)+&)+&-/6f+&%3&9f*D1)43&
4)&%/*&)%)6)+,/*&>&03-,/()*&D1)&4),)(6.+3+&*1&4.*,(.91-.F+&)+&)%&)*'3-./A
$%&63+):/&8)/8(;\-/&&
4)&%/*&()-1(*/*&+3,1(3%)*&3-1;,.-/*&
$+&)%&63+):/&8)/8(;\-/&4)&%/*&()-1(*/*&3-1;,.-/*&*)&'3(,)&4)&%/*&'(.+-.'./*&4)&
b3**/%*&_VWW[`&>&T(369/^&_VWWX`?&'/(&1+&%34/5&%3*&4),)(6.+3+,)*&)*'3-.3%)*&
m4)&19.-3-.F+&>&()%3-.F+&,)((.,/(.3%m&>5&'/(&/,(/5&%/*&3*')-,/*&+/(63,.7/*&>&
/')(3,.7/*A&H*.6.*6/5& *)& 39/(43+& %/*& ,)63*& )6)(8)+,)*& 4)%& R/(/& I1+4.3%&
4)%&H813& -/+& )%& \+& 4)& ):)6'%.\-3(& %3& %<+)3& 4)& 8)+)(3-.F+& >& 3'%.-3-.F+& 4)%&
-/+/-.6.)+,/&4)&%3&8)/8(30<3&4)&%/*&.+4.-34/()*&4)&4)*3((/%%/&*1*,)+,39%)A
$+& %3& ')(*')-,.73& 4)%& 4)*3((/%%/& *1*,)+,39%)5& )%& 63+):/& .+,)8(3%& 4)& %/*&
()-1(*/*& 3-1;,.-/*& *)& 01+436)+,3& )+& )%& 6/4)%/& 9;*.-/& 4)& %/*& -<(-1%/*& 4)&
%3& *1*,)+,39.%.4345& )+& 4/+4)& )%& 6)4./& 369.)+,)& *)& 19.-3& -/6/& '(./(.434&
)-/+F6.-3& >& */-.3%e& 3*.6.*6/5& %3& 34/'-.F+& 4)%& 63+):/& *1*,)+,39%)& 4)& %/*&
()-1(*/*&3-1;,.-/*&)+&)%&*)-,/(&)6'()*3(.3%&-/+,.+f3&-/+&)%&6/4)%/&4)&%/*&g,()*&
):)*h&>&4)&M()*.F+S$*,34/SJ)*'1)*,3A&M/(&%/&D1)&)%&/9:),.7/&4)&%3*&]<+)3*&4)&
T)+)(3-.F+&>&H'%.-3-.F+&4)%&G/+/-.6.)+,/&_?<%@`&)*&4.*)C3(5&1*3(5&6/+.,/()3(&
>&)73%13(&.+4.-34/()*5&D1)&')(6.,3+&-/+/-)(&)%&)*,34/&4)&*1*,)+,39.%.434&D1)&
813(43+&%/*&()-1(*/*&+3,1(3%)*&3-1;,.-/*&>&*1&()n):/&)+&)%&,)((.,/(./&_'3,(/+)*&
>&3(()8%/*&)*'3-.3%)*`A

C@$<:'"%&0$&'1&=$"=#1DE1&0$&'"%&#$(3#%"%&1(3>),("%
18& F1#1& '1& :#$/$+(,*+& 0$& '1%& ,+3+01(,"+$%G& ]3& .4)+,.\-3-.F+& 4)& %/*& ,)((.,/(./*&
*1*-)',.9%)*&4)&.+1+43-.F+&)*&)%&):)&4)&%3&19.-3-.F+&4)&%/*&-1)('/*&4)&3813&
#!"#$%&'&(#%)*+
,&-./001&234,/5
R(31*,/SI3(,<+)2
G)(73+,)*SI3(,<+)2
T1,.=(()2SH81.(()

)+&%3&*1')(\-.)&,)(()*,()e&=*,/*&*)&*/6),)+&3&,()*&'(/-)*/*&4)&.+1+43-.F+?&
')(63+)+,)*5&/(4.+3(./*&>&)@,(3/(4.+3(./*&_T/%43-c)(&),&3%A5&VWWi`A&G/+/-)(&
4F+4)5&D1=&()-1(()+-.3&>&-1;%)*&*/+&%3*&%/-3%.434)*&*1*-)',.9%)*&4)&.+1+43-.F+& !k
01)&)%&/9:),.7/&4)%&'(/>)-,/&gZ4)+,.\-3-.F+&4)&;()3*&4)&(.)*8/&)+&)%&-/+/&*1(&
4)&N1-3,;+h&_R(31*,/&),&3%A5&VWW[`5&>&%3&')(*')-,.73&4)&)*,)&,.'/&4)&3+;%.*.*&*)&
E3& )@,(3'/%34/& 3& ,/4/& )%& )*,34/& 4)&N1-3,;+& _ZE%& ),& 3%A5& VWW!`A& $+& %3& '/%<,.-3&
4)%&63+):/&4)&%/*&()-1(*/*&3-1;,.-/*5&)*,)&,.'/&4)&'(/>)-,/*&)*&4)&-3(;-,)(&
'(/*')-,.7/&>&4)&'%3+)3-.F+&3&%3(8/&'%32/A
48&H#=1+,I1(,*+&$+&$'&<1+$@"&0$'&#$(3#%"&1(3>),("&:1#1&141%)$(,<,$+)"&0$&1=31&0$&3%"&
3#41+"G&B)&E3&*)C3%34/&D1)&)+&%3&/(83+.23-.F+&4)%&63+):/&4)%&3813&)@.*,)+&4/*&
-/6'/+)+,)*&-)+,(3%)*?&-.)+-.3S,)-+/%/8<35&>&.+*,(16)+,/*&4)&346.+.*,(3-.F+&
'f9%.-3A&]3&8)+)(3-.F+&4)&1+&*.*,)63&4)&.+0/(63-.F+&8)/8(;\-3&4)&%3&-3%.434&4)%&
3813&)+&)%&+/()*,)&4)&%3&M)+<+*1%3&4)&N1-3,;+&01)&%3&-/+,(.91-.F+&3%&'(/>)-,/&
g$*,14./&8)/E.4(/%F8.-/&>&)73%13-.F+&4)&01)+,)*&-/+,36.+3+,)*&4)%&3-1<0)(/&
+/(,)& 4)& L1.+,3+3& J//h& _ZE%& >& R(31*,/5& VWWX`e& )%& B.*,)63& 4)& Z+0/(63-.F+&
T)/8(;\-3&_+*<`&*)&1*3&-/6/&E)((36.)+,3&'3(3&6/4)%3(&)%&6/+.,/()/&4)&%/*&
'3(;6),(/*&)*,39%)-.4/*&'/(&%3&%)>&_/&%/*&*.*,)63*&4)&)*,3+43(.23-.F+&+3-./+3%&
4)& %3& -3%.434& 4)%& 3813& '/,39%)`5& '/(& %/& -13%& *)& 4)41-)& -/6/& .+*,(16)+,/&
%)83%& 4)%& 63+):/& 4)& %/*& ()-1(*/*& 3-1;,.-/*A& ]/*& ()*1%,34/*& 4)& %/*& )*,14./*&
4)&/(83+.23-.F+&)+&)%&63+):/&4)&%/*&()-1(*/*&+3,1(3%)*&3-1;,.-/*&E3+&*.4/&
4.*-1,.4/*&)+&R(31*,/&$)&1'A&_VWWX`&>&B-E/%2&>&R(31*,/&_VWW[`e&)+&)%&'(.6)(/&*)&
)73%f3&%3&-3%.434&4)%&3813&'/,39%)&)+&)%&*.*,)63&4)&'/2/*&'3(3&1*/&4/6=*,.-/&>&
*1&()%3-.F+&-/+&)%&)*,;+43(&+3-./+3%A&$+&)%&*)81+4/5&*)&()%3-./+3+&%3*&3-,.7.434)*&
E163+3*&_1*/&>&)@'%/,3-.F+&4)%&3813`&>&*1*&-/+*)-1)+-.3*&)+&)%&*.*,)63&4)&
'/2/*& 4)& 1*/& '/,39%)& 4)& %3& .*%3& 4)& G/216)%5& 4),)(6.+3+4/& 1+& 6/+.,/()/&
-/+,.+1/&'3(3&'()7)+.(&%3&*3%.+.23-.F+&>&393,.6.)+,/&4)&%/*&'/2/*A
(8&C/1'31(,*+&$+&$'&<1+$@"&0$&'"%&#$(3#%"%&1(3>),("%&1&)#1/B%&0$&,+0,(10"#$%G&
$+&8)/8(30<35&)%&1*/&4)&.+4.-34/()*&4)&()*1%,34/*&*)&1*3&-/6f+6)+,)&'3(3&
6/+.,/()3(&>&-/+,(/%3(&'(/-)*/*&()8./+3%)*A&H& ,(37=*& 4)& 6),3*& >& /9:),.7/*&
-/+-(),/*5& )+& )%& ,.)6'/& >& )+& )%& )*'3-./5& )*& '/*.9%)& ()3%.23(& 1+3& )73%13-.F+&
-/+,.+13&4)&373+-)*&/&(),(/-)*/*A&K+&):)6'%/&-%3(/&4)%&1*/&4)&%/*&.+4.-34/()*&
*)&*)C3%3&)+&)%&6/+.,/()/&4)&%3&H8)+43&o39.,3,&>&%3*&I),3*&4)%&I.%)+./5&)+&
)*')-.3%&)%&%/8(/&4)&%3*&6),3*&3%&VWdi&)+&)%&(19(/&4)&%3&*1*,)+,39.%.434&>&%3*&
-/+4.-./+)*&4)%&E39.,3,&_R(31*,/&>&p)%-E5&VWWX`A&$+&)%&-/+,)@,/&4)&%/*&()-1(*/*&
3-1;,.-/*5&)%&.+4.-34/(&-%37)&g3--)*/&3&3813&*)81(3h&,.)+)&-/6/&6),3&()41-.(&3&
#!"#$%&'&(#%)*+
,&-./001&234,/5
I3+):/&4)&%/*&()-1*/*&+3,1(3%)*&3-1;,.-/*&
K+3&7.*.F+&.+,)(4.*-.'%.+3(.3

%3&6.,345&)+&)%&3C/&VWdi5&)%&'/(-)+,3:)&4)&')(*/+3*&D1)&+/&-1)+,3&-/+&3--)*/&
*1*,)+,39%)&3&01)+,)*&*)81(3*&4)&3813&'/,39%)A&B)&()-/+/-)&D1)5&)+&)%&3C/&VWWW5&
XW V&i!"&')(*/+3*&-3()-<3+&4)&3--)*/&3%&7.,3%&%<D1.4/&)+&G/216)%&>&"&ddi&)+&M%3>3&
4)%&G3(6)+5&'/(&%/&D1)&()41-.(&%3*&-.0(3*&3&d&VX!&>&d&iiX5&()*')-,.736)+,)5&)*&
%3&6),3&4)*)343&3%&VWdi&_R(31*,/5&ZE%&>&J/:3*5&VWW[&>&#1+5&R(31*,/&)&ZE%5&VWW!`A&
G/+/-.6.)+,/&%.6+/%F8.-/&
&4)&*.*,)63*&3-1;,.-/*&c;(*,.-/*
$%&3813&3--)*.9%)&'3(3&%3&'/9%3-.F+&4)&%3&M)+<+*1%3&4)&N1-3,;+&*)&)+-1)+,(3&
3%63-)+343&)+&*.*,)63*&4.+;6.-/*&>&*)+*.9%)*&-/+/-.4/*&)+&%3&()8.F+&-/6/&
-)+/,)*5&381343*5&*3(,)+):3*&>&'/%:)*A&G1%,1(3%6)+,)5&)+&)%&*1()*,)&4)&I=@.-/&
)*&3-)',34/&1*3(&)*,/*&*.*,)63*&-/6/&*16.+.*,(/&4)&3813&'/,39%)5&43(%)*&1+&
1*/& ()-()3,.7/& >& '3(3& )@,(3--.F+& 4)& '(/41-,/*& 4)& -/+*16/5& 3& '3(,.(& 4)& %3&
')*-3&_+/&*F%/&4)&')-)*5&*.+/&,369.=+&4)&6/%1*-/*5&-(1*,;-)/*5&),-A`&$*&4)-.(&
D1)&%/*&*.*,)63*&3+,)*&6)+-./+34/*&*/+&01+436)+,3%)*&'3(3&)%&4)*3((/%%/&>&
*19*.*,)+-.3&4)&%3*&-/61+.434)*&(1(3%)*&4)&L1.+,3+3&J//5&N1-3,;+&>&G36')-E)A
M/(&/,(/&%34/5&%/*&*.*,)63*&6)+-./+34/*&,369.=+&*/+&)*)+-.3%)*&'3(3&%3*&
;()3*&1(93+3*&4)&%3&M)+<+*1%3&4)9.4/&3%&.+-()6)+,/&)@'/+)+-.3%&4)&%3&'/9%3-.F+5&
'(.+-.'3%6)+,)&'/(&)%&-()-.6.)+,/&4)&'/%/*&,1(<*,.-/*&-/6/&G3+-f+&>&%3&J.7.)(3&
I3>3A&$+&)*,3&()8.F+&*)&E3&/9*)(734/&1+&.+-()6)+,/&4)&%3&'/9%3-.F+&4)&E3*,3&
"iW&q&)+&%/*&f%,.6/*&VW&3C/*&_H212SH4)3,E&>&J.7)(3SH((.3835&VWWU`5&%3&-13%&
4)63+43&3813&4)&-3%.434A
$*,)&)*-)+3(./&'(/41-)&1+&369.)+,)&'(/'.-./&'3(3&)%&4)*3((/%%/&4)&%<+)3*&
4)&.+7)*,.83-.F+&()%3-./+343*&-/+&%/*&*.81.)+,)*&3*')-,/*?
dA&G3(3-,)(<*,.-3*&9;*.-3*&_8)+)(3%)*`&4)%&3-1<0)(/A&]/*&*1)%/*&4)&%3&()8.F+&*/+&
()%3,.736)+,)&:F7)+)*&>&)*,;+&-/+0/(634/*&'/(&4.0)()+,)*&-/6'/+)+,)*&
-3%-;()/*&_)73'/(.,3*5&3+E<4(.,3*5&>)*/*5&4/%/6.,3*&>&-3%.23*&4)%&G(),;-.-/&
6)4./&_]18/So19'5&H-)7)*SL1)*343&>&$*'.+3*3SL1()C35&dkkV`A&$*,3*&
-3(3-,)(<*,.-3*&')(6.,)+&D1)&)%&*1)%/&*)3&3%,36)+,)&')(6)39%)5&%/&-13%&
'(/41-)&D1)&)%&3813&'()-.'.,343&*)&.+\%,()&(;'.436)+,)&E3-.3&)%&*19*1)%/e&
*.+&)693(8/&E3>&'3(,.-1%3(.434)*5&'/(&):)6'%/&)+&L1.+,3+3&J//&%/*&
*1)%/*&4)&,.'/&7)(,.*/%&*/+&'(/01+4/*&)&.6')(6)39%)*&_T/9.)(+/&4)%&
)*,34/&4)&L1.+,3+3&J//5&dkX!`A&$%&-/+/-.6.)+,/&8)+)(34/&E3*,3&E/>&
E3& ')(6.,.4/& 4),)-,3(& %3& 0/(63-.F+& 4)& -/((.)+,)*& *19,)((;+)3*& D1)&
)7)+,13%6)+,)& */+& 4)*-3(8343*& E3-.3& ()8./+)*& -/*,)(3*& 4)& 0/(63&

#!"#$%&'&(#%)*+
,&-./001&234,/5
R(31*,/SI3(,<+)2
G)(73+,)*SI3(,<+)2
T1,.=(()2SH81.(()

.+,)(6.,)+,)&_B,).+.-E&>&I3(<+5&dkk!e&o)(()(3SB.%7).(35&VWW[`A&$*&)7.4)+,)&
D1)&)*,)&,.'/&4)&0)+F6)+/*&3f+&+/&*)&'1)4)+&8)+)(3%.23(&-/+&-)(,)23&3&
,/43&%3&()8.F+5&4)9.4/&3&D1)&)%&-/+/-.6.)+,/&*/9()&)%&-/6'/(,36.)+,/& Xd
8)/E.4(/%F8.-/& 4)& *1& 3-1<0)(/& )*& )*-3*/& >& 0(386)+,34/& _G)(73+,)*S
I3(,<+)25& VWW!`A& M/(& /,(/& %34/5& E3>& D1)& -/+*.4)(3(& D1)& %3& '(.+-.'3%&
01)+,)&4)&()-3(83&4)%&3-1<0)(/&)*&%3&'()-.'.,3-.F+&'%17.3%5&31+343&3&%3&
4)*-3(83&4)&3813*&()*.413%)*5&%.@.7.34/*&>&4)*)-E/*&4)&8(3+:3*5&D1)&6;*&
D1)& -/6/& ()-3(835& 3-,f3+& -/6/& 01)+,)*& -/+,36.+3+,)*& _T1,.=(()2S
H81.(()5&G)(73+,)*SI3(,<+)2&>&G/(/+34/Sr%73()25&VWWX`A&
VA&a)*-(.'-.F+&%.6+/%F8.-3&4)&%/*&-1)('/*&4)&3813&c;(*,.-/*A&M/(&%/&8)+)(3%5&
%3&.+0/(63-.F+&()%3-./+343&-/+&%3*&-3(3-,)(<*,.-3*&0<*.-/SD1<6.-3*&9;*.-3*&
4)%&3813&)+&%3&()8.F+&E3&*.4/&8)+)(343&'/(&-/+*1%,/(3*&'3(,.-1%3()*5&%/&
D1)&4.\-1%,3&*1&3--)*/e&*)&()D1.)()&%3&8)+)(3-.F+&4)&43,/*&3&'3(,.(&4)&
%3&()3%.23-.F+&4)&'(/>)-,/*&4)&.+7)*,.83-.F+5& >& %3& 7.+-1%3-.F+& .+,)(S& )&
.+,(3.+*,.,1-./+3%&'3(3&%/8(3(&)*,)&/9:),.7/&)+&)%&-/(,/&'%32/A&
"A&s3(.3-.F+& )*'3-./S,)6'/(3%& 4)& -3(3-,)(<*,.-3*& 0<*.-3*& >& D1<6.-3*& 4)%&
3813A&]3&4.+;6.-3&4)&%/*&()-1(*/*&+3,1(3%)*&)+&)%&G3(.9)&)*&1+&3*')-,/&
01+436)+,3%&'3(3&-3(3-,)(.23(&1+&*.*,)63&3-1;,.-/&>5&-/+&93*)&)+&)%%/5&
%/8(3(&)*,39%)-)(&6)4.43*&4)&63+):/5&*)81.6.)+,/&>&-/+*)(73-.F+A&
G/+*.4)(3+4/&%/&3+,)(./(5&*)&E3+&*)+,34/&%3*&93*)*&*/9()&%3&%.6+/%/8<3&
4)&*.*,)63*&3-1;,.-/*&c;(*,.-/*&'/(&6)4./&4)&%3&)73%13-.F+&6/(0/6=,(.-3&>&
93,.6=,(.-3&4)&-)+/,)*&3%&*1(S-)+,(/&4)&L1.+,3+3&J//&_G)(73+,)*SI3(,<+)25&
$%<3*ST1,.=(()2&>&B1;()2SI/(3%)*5&VWWVe&$%<3*ST1,.=(()2&$)&1'A5&VWW!`A&G/+&)*,3&
.+0/(63-.F+&)*&'/*.9%)&-/+/-)(&)%&7/%16)+&4)&3813&3%63-)+34/&)+&*.*,)63*&
+3,1(3%)*5&>&)*&03-,.9%)&.+0)(.(&)%&'/,)+-.3%&4)&'(/41--.F+&*)-1+43(.3e&)*&4)-.(5&
)*&'/*.9%)&-3%-1%3(&%3&-3+,.434&4)&')*/&Ef6)4/&_')-)*`&D1)&*)&'1)4)&)@,(3)(&
'3(3&)%&-/+*16/&E163+/A&K+&,)63&()%)73+,)&>&4)&8(3+&,(3*-)+4)+-.3&'3(3&
)%&3'(/7)-E36.)+,/&34)-134/&4)%&()-1(*/&3813&)*&%3&)73%13-.F+&4)&%/*&n1:/*&
*19,)((;+)/*5&*.+&)693(8/5&)*,)&-/+/-.6.)+,/&3f+&)*&.+-.'.)+,)&_G)(73+,)*S
I3(,<+)25&VWW!`&>&D1)43&1+3&8(3+&%<+)3&4)&.+7)*,.83-.F+&D1)&4)9)&*)(&3,)+4.43&
'/(&%/*&63+):34/()*&4)&%/*&()-1(*/*&3-1;,.-/*A
M/(&/,(/&%34/5&6)4.3+,)&6/4)%/*&63,)6;,.-/*&>&3+;%.*.*&4)&'/9%3-./+)*&
)*&'/*.9%)&-/+/-)(&)%&'/,)+-.3%&')*D1)(/&D1)&'1)4)&4)*3((/%%3(&1+&*.*,)63&
3-1;,.-/A&$*,/*&6/4)%/*&*)&E3+&)@'%/(34/&)+&-)+/,)*&4)%&61+.-.'./&4)&R)%.')&
G3((.%%/&M1)(,/5&L1.+,3+3&J//5&4/+4)&E3&*.4/&'/*.9%)&)73%13(&%3&391+43+-.3&
#!"#$%&'&(#%)*+
,&-./001&234,/5
I3+):/&4)&%/*&()-1*/*&+3,1(3%)*&3-1;,.-/*&
K+3&7.*.F+&.+,)(4.*-.'%.+3(.3

'/9%3-./+3%& >& 3*')-,/*& ()'(/41-,.7/*& 4)& )*')-.)*& +3,.73*& 4)& ')-)*& '3(3&
-/+*16/&E163+/5&,3%&-/6/&!,(J'1%"<1&3#":J)J1'<3%&_Tt+,)(5&dX[V`&_G)(73+,)*S
XV I3(,<+)2&>&G/(/+34/Sr%73()25&VWW!e&M//,S]F')2&$)&1'A5&VWWX`A
$-/%/8<3&>&,3@/+/6<3&
)+&*.*,)63*&3-1;,.-/*
]3& M)+<+*1%3& 4)&N1-3,;+& )*& 4)& /(.8)+& -3%-;()/e& )*,3& -/+0/(63-.F+& D1<6.-3&
E3&')(6.,.4/&%3&0/(63-.F+&4)&/D1)434)*&_-)+/,)*`&>&-37)(+3*&3&'3(,.(&4)&%3&
4.*/%1-.F+&4)&(/-3*&4)&+3,1(3%)23&-3%-;()3&_B-E6.,,)(SB/,/5&$)&1'A5&VWWV`A&
$+&L1.+,3+3&J//5&)*,)&,.'/&4)&*.*,)63*&)*&61>&391+43+,)5&4)&E)-E/&*)&
-/+*.4)(3&D1)&3-,13%6)+,)&)*,36/*&%):/*&4)&-/+,3(&-/+&1+&.+7)+,3(./&-/6'%),/&
4)%&+f6)(/&4)&-1)('/*&4)&3813&*1')(\-.3%)*5&3*<&-/6/&4)&%3&4.7)(*.434&D1)&
E39.,3& )+& )%%/*& _H((.383SG39()(3& $)& 1'A5& dkkX`A&#3%& -/6/& *)& E3& 3+3%.234/5& %/*&
-)+/,)*&*/+&.6'/(,3+,)*&-13+4/&*)&-/+*.4)(3+&%/*&9)+)\-./*&D1)&/0()-)+&3&
%3*&-/61+.434)*&(1(3%)*&>&1(93+3*&4)&%3&()8.F+&>5&6;*&,/437<35&4)*4)&)%&'1+,/&
4)&7.*,3&369.)+,3%&*/+&61>&.+,)()*3+,)*&4)9.4/&3&%3&031+3&D1)&3%9)(83+A&H1+D1)&
)+& %3*& f%,.63*& 4/*&4=-343*&%/*& .+7)(,)9(34/*& 2//'%;+-,.-/*& D1)& E39.,3+& )+&
%/*&-)+/,)*5&%381+3*&>&-37)(+3*&4)%&*1()*,)&6)@.-3+/&E3+&%%3634/&%3&3,)+-.F+&
'/(&%3&8(3+&-3+,.434&4)&)*')-.)*&)+4=6.-3*&D1)&3E<&7.7)+5d& )*&1+&E)-E/&D1)&
)%&.+7)+,3(./&4)&%3&(.D1)23&)*')-<\-3&3f+&)*&.+-/6'%),/A&H%81+3*&()8./+)*&4)&
L1.+,3+3&J//&*)&E3+&)*,14.34/&-/+&6;*&.+,)+*.434&_'/(&):)6'%/&%3&-)+,(/S
*1(&4)%&)*,34/`5&')(/&)@.*,)+&;()3*&D1)&,/437<3&813(43+&E3%%328/*&.+,)()*3+,)*A&
M/(&):)6'%/5&)+&1+3&91)+3&-3+,.434&4)&%/*&*.*,)63*&3-1;,.-/*5&,3+,/&.+,)(./()*&
4)&%3&.*%3&-/6/&-/*,)(/*5&4)&G/216)%&%3&4.+;6.-3&)*,3-./+3%&4)&-/61+.434)*&
4)&.+7)(,)9(34/*&'(;-,.-36)+,)&*)&4)*-/+/-)&_H((.383SG39()(3&$)&1'A5&dkkX`A&
M/(&)%%/&%/*&)*,14./*&*/9()&)%&.+7)+,3(./&4)&)*')-.)*&2//'%;+-,.-3*&*/+&
,3+&.6'/(,3+,)*5&>3&D1)&'/(&1+&%34/&*)&)*,39%)-)+&+1)7/*&()8.*,(/*&'3(3&)%&
*1()*,)&6)@.-3+/&>&'/(&)%&/,(/&')(6.,)+&)%&-/+/-.6.)+,/&4)&*1*&'3,(/+)*&4)&
4.*,(.91-.F+&_T1,.=(()2SH81.(()&>&G)(73+,)*SI3(,<+)25&VWW[&>&VWWX3`5&%/&-13%&
'/4(<3& 3'/(,3(& .+0/(63-.F+& f,.%& '3(3& )*,14./*& 9./8)/8(;\-/*A&H*.6.*6/5& )*&
'/*.9%)&-/+/-)(&%/*&'3,(/+)*&4)&4.*,(.91-.F+&4)&)*')-.)*&)@F,.-3*&_+/&+3,.73*`&
>&)+&3%81+/*&-3*/*&.+73*/(3*&_T1,.=(()2SH81.(()5&J).4&>&B1;()2SI/(3%)*5&VWW"`A
B)&E3&/9*)(734/&D1)5&-13+4/&)%&)*01)(2/&4)&-/%)-,3&*)&.+-()6)+,3&_,3+,/&
)+&)*-3%3&,)6'/(3%&-/6/&8)/8(;\-3`5&)*&'/*.9%)&)+-/+,(3(&+1)73*&)*')-.)*&/&

s=3*)&()7.*.F+&4)&T1,.=(()2SH81.(()&>&G)(73+,)*SI3(,<+)2&_VWWX3`A
d&

#!"#$%&'&(#%)*+
,&-./001&234,/5
R(31*,/SI3(,<+)2
G)(73+,)*SI3(,<+)2
T1,.=(()2SH81.(()

*19)*')-.)*&4)&6.-(/-(1*,;-)/*&_T1,.=(()2SH81.(()&>&B1;()2SI/(3%)*5&VWWd`5&
4)& 8(3+& ,(3*-)+4)+-.3& '/(& *1& '3')%& )-/%F8.-/& -/6/& )%& *)81+4/& )*%39F+&
4)&%3&-34)+3&3%.6)+,.-.3&4)&-13%D1.)(&*.*,)63&3-1;,.-/&_'/(&*1&4.7)(*.434&>& X"
391+43+-.3`5&>&'/(D1)&*/+&1+&7)E<-1%/&)\-.)+,)&)+&%3&,(3+*0)()+-.3&4)&)+)(8<3&
4)&%/*&'(/41-,/()*&'(.63(./*&E3-.3&%/*&-/+*16.4/()*&*)-1+43(./*&_B1;()2S
I/(3%)*&$)&1'A5&dkk[`A&
$%&)*,14./&4)&%3&(.D1)23&9./%F8.-3&4)&%/*&()-1(*/*&+3,1(3%)*&)*&01+436)+,3%&
'3(3& -/6'%)6)+,3(& )%& -/+/-.6.)+,/& 4)& %3*& -3(3-,)(<*,.-3*& 4)& %/*& *.*,)63*&
3-1;,.-/*& >5& -/+& 93*)& )+& )%%/5& %/8(3(& )*,39%)-)(& 6)4.43*& 4)& 63+):/& >&
-/+*)(73-.F+A&K+/&4)&%/*&3*')-,/*&'(.6/(4.3%)*&'3(3&373+23(&)+&)*,)&*)+,.4/&
)*&%3&.4)+,.\-3-.F+&-/(()-,3&4)&%3*&)*')-.)*&D1)&E39.,3+&)+&%/*&*.*,)63*5&%/&
D1)& *19*)-1)+,)6)+,)& ')(6.,.(<3& 3+3%.23(& %3*& .+,)(3--./+)*& )-/%F8.-3*& D1)&
*)& )*,39%)-)+& )+,()& %3*& )*')-.)*& D1)& E39.,3+& 1+3& ()8.F+5& 4)\+.(& '3,(/+)*&
9./8)/8(;\-/*&>&1*3(%3*&-/6/&'/,)+-.3%)*&.+4.-34/()*&4)&*.*,)63*&'(./(.,3(./*&
'3(3&-/+*)(73-.F+5&/&4)&-/+,36.+3-.F+A

5%$64)&'0#.$+(0*,04)0#"+0&''
$#'$)'6"#$%&'($')&*'+$,-+*&*'#".-+")$*'",-/.0,&*
M/(&6)4./&4)%&3+;%.*.*&4)&%3*&-3(3-,)(<*,.-3*&0<*.-3*&>&D1<6.-3*&4)%&3813&3%9)(8343&
)+&*.*,)63*&3-1;,.-/*&c;(*,.-/*5&-/6/&'/2/*&'(/01+4/*5&-)+/,)*&>&381343*&4)&
1*/&-/61+.,3(./&>&-/+&.+n1)+-.3&1(93+3&>&*191(93+35&)*&'/*.9%)&4),)(6.+3(&
)%&.+7)+,3(./&4)&%/*&*.*,)63*&'()*)+,)*&)+&%3&M)+<+*1%3&4)&N1-3,;+5&>&34)6;*5&
6/+.,/()3(&*1&-3%.434&'3(3&4),)(6.+3(&*1&1*/&'/,)+-.3%&)+&-13+,/&*16.+.*,(/&
4)& 3813& '3(3& %3& '/9%3-.F+& _G)(73+,)*SI3(,<+)25& VWWXe& T1,.=(()2SH81.(()& >&
G)(73+,)*SI3(,<+)25&VWWX9`A
H*<5&3&,(37=*&4)&%3&8)/8(30<3&0<*.-3&*)&4),)(6.+3(/+&%/*&-/6'/+)+,)*&4)%&
()%.)7)&_3%,.6),(<35&')+4.)+,)*&>&)%)73-.F+&4)%&,)(()+/`&>&*1*&-3(3-,)(<*,.-3*&
6/(0/%F8.-3*&_4)'()*./+)*&>&)%)73-./+)*`5&>5&3&,(37=*&4)&1+&3+;%.*.*&4)&%/*&-1)('/*&
4)& 38135& *)& .4)+,.\-F& )%& '3,(F+& 4)& 4.*,(.91-.F+& 4)& %3*& 0/(63*& )@/c;(*,.-3*5&
*1& 4)+*.434& >& %/*& '(/-)*/*& 4)& .+1+43-.F+& _/(4.+3(./*5& ')(63+)+,)*& >&
)@,(3/(4.+3(./*&_ZE%&>&R(31*,/5&VWWXe&R(31*,/&$)&1'A5&VWdW`A&]/&3+,)(./(&-/+*,.,1>)&
'3(,)&4)&%3&93*)&4)&43,/*&4)%&*.*,)63&4)&.+0/(63-.F+&8)/8(;\-3&-/+&%3&-13%&
*)&4),)(6.+3(/+&%/*&6/4)%/*&4)&61)*,()/&'3(3&)%&3+;%.*.*&\*.-/D1<6.-/&4)&
%3&-3%.434&4)%&3813&_\81(3&"`&_ZE%&>&R(31*,/5&VWWXe&I3,,E)*&$)&1'G5&VWW[e&R(31*,/&
$)&1'A5&VWdW`A
#!"#$%&'&(#%)*+
,&-./001&234,/5
I3+):/&4)&%/*&()-1*/*&+3,1(3%)*&3-1;,.-/*&
K+3&7.*.F+&.+,)(4.*-.'%.+3(.3

XU

K3$+)$-&$%39/(3-.F+&'(/'.3A

;*<9#%&3=&!H!7(?"&>!?&7%(%&D%+!&>!&6*("E&>!:+*>%>&'&(#"@!+"+&>!&*:9:>%@*I:&!:&!?&
#!?*!B!&JG#+6*@"E&!?%D"#%>"&!+(!@$;*@%7!:6!&(%#%&?%&>!6!#7*:%@*I:&>!&?"+&7">!?"+&>!&
7":*6"#!"&>!&?%&@%?*>%>&>!?&%<9%

R.+3%6)+,)5&)+&)%&-/+,)@,/&4)%&61)*,()/&4)&%3*&'(/'.)434)*&\*.-/D1<6.-3*&
4)%&3813&*)&.4)+,.\-3(/+&,)+4)+-.3*&)+&,/(+/&3&%/*&)*,;+43()*&6)@.-3+/*&4)&
%3&-3%.434&4)%&3813&'/,39%)&-/6/&*)&()*16)&)+&)%&G134(/&dA&$*,)&6/4)%/&*)&
-/+*,.,1>)& 4)& dXX& 1+.434)*& 4)& 61)*,()/& 4.0)()+-.343*& '/(& *1& 19.-3-.F+& >&
-3(3-,)(<*,.-3*&4)&)@,(3--.F+&_I3,,E)*5&VWWXe&R(31*,/&$)&1'A5&VWdW`A

#!"#$%&'&(#%)*+
,&-./001&234,/5
R(31*,/SI3(,<+)2
G)(73+,)*SI3(,<+)2
T1,.=(()2SH81.(()

@9%>#"&0=&("#@!:6%H!&>!&B%?"#&!)@!>!:6!&@":&#!+(!@6"&%?&!+6G:>%#&>!&?%&@%?*>%>&
>!?&%<9%&("6%D?!&>!?&+*+6!7%&>!&*:;"#7%@*I:&>!&?%&@%?*>%>&>!?&%<9%&>!?&:"#!+6!&>!&
K9*:6%:%&#""E&7L)*@"&
Xi
M3(;6),(/* M/2/*&&_q`
#Ba V"
G% dk
jQ"Sj d[
jo"Sj !"
BQU "
j3 V"
#/,3%&4)&')*34/* VV
K3$+)$-&$%39/(3-.F+&'(/'.3&-/+&93*)&)+&ZE%&>&R(31*,/&
_VWWX`A

Q,(/*&.+4.-34/()*&4)*3((/%%34/*&)+&%3*&?<%@&4),)(6.+3+,)*&'3(3&)%&63+):/&
4)&%/*&()-1(*/*&+3,1(3%)*&3-1;,.-/*&*/+?&
3`&$-/*.*,)63*A&G/+/-.6.)+,/&4)&n/(3&>&031+3?&')-)*5&-(1*,;-)/*5&'3(;*.,/*&
4)&')-)*&>&3%83*&_T1,.=(()2SH81.(()&>&G)(73+,)*SI3(,<+)25&VWWX9`A
9`&$-/+F6.-/*?&01)+,)&>&,.'/*&4)&-/+,36.+3+,)*&)+&)%&*.*,)63&4)&'/2/*&
4)&3813&'/,39%)&_I3,,E)*5&VWWX`A
-`&B/-.3%)*?&3--)*/&4)&%3&'/9%3-.F+&3%&3813&'/,39%)5&-/+*16/&4)&3813&'/,39%)&
>&'()-./&4)%&3813&_R(31*,/5&ZE%&>&J/:3*5&VWW[`A

7&#*0($+",0&#$*'8#")$*
$%&)*,14./&.+,)(4.*-.'%.+3(./&4)%&63+):/&4)&%/*&()-1(*/*&+3,1(3%)*&3-1;,.-/*&
)*&1+&,)63&()%)73+,)&D1)&'/+)&4)&63+.\)*,/&%3&.+,)(()%3-.F+&-.)+,<\-3&4)&%/*&
4.7)(*/*&-/6'/+)+,)*&4)%&)+,/(+/&+3,1(3%&>&E163+/&4)%&()-1(*/&+3,1(3%&3813A&
#()*&3'(/@.63-./+)*&*)&E3+&-1%,.734/&)+&%3*&.+7)*,.83-./+)*&4)&%/*&31,/()*e&)%&
8)/8(;\-/5&)%&%.6+/%F8.-/&>&)%&9./%F8.-/A&H*.6.*6/5&%/*&):)*&4)&.+,)(3--.F+&*/+?&
)%&()-1(*/5&%3*&+)-)*.434)*&E163+3*&>&)%&63+):/&4)%&3813A
G/+& ()0)()+-.3& 3%& ()-1(*/5& *)& .4)+,.\-3+& >& 3+3%.23+& %3*& -3(3-,)(<*,.-3*&
0<*.-3*5& D1<6.-3*& >& 9./%F8.-3*& 4)%& 3813& >& *1*& -/6'/+)+,)*& )+& )%& )-/*.*,)635&
#!"#$%&'&(#%)*+
,&-./001&234,/5
I3+):/&4)&%/*&()-1*/*&+3,1(3%)*&3-1;,.-/*&
K+3&7.*.F+&.+,)(4.*-.'%.+3(.3

*.*,)63,.23+4/& .+0/(63-.F+& 6)4.3+,)& %3& 8)+)(3-.F+& 4)& 93*)*& 4)& 43,/*&


8)/(()0)()+-.343*& )& .+7)+,3(./*& 4)& )*,34/5& '(/41-.)+4/& )*,14./*& 4)&
X[ '(/*')--.F+&/(.)+,34/*&3&%3&)@'%/,3-.F+&4)%&3-1<0)(/5&%/*&.6'3-,/*&'/(&1*/&>&
%3&71%+)(39.%.434&3&.+1+43-./+)*&/&-/+,36.+3-.F+A
$+&)%&-/+,)@,/&4)&%3*&+)-)*.434)*&E163+3*5&%/*&4.38+F*,.-/*&4)&-3%.4345&
393*,/&>&1*/&4)%&3813&E3+&')(6.,.4/&%3&8)+)(3-.F+&4)&6/4)%/*&4)&63+):/e&
3*.6.*6/5&*)&E3+&4),)(6.+34/&,3*3*&4)&4)63+43&3&6)4.3+/&>&%3(8/&'%32/&_dW&
3&di&3C/*`&'3(3&369.)+,)*&1(93+/*5&.+*1%3()*&/&-/*,)(/*A
R.+3%6)+,)5& )%& 63+):/& 4)%& 3813& 93:/& )%& '3(34.863& 4)& %3& *1*,)+,39.%.434&
')(6.,)&%3&01*.F+&-.)+,<\-/S,=-+.-3&-/+&%/*&3*')-,/*&4)&'/%<,.-3&346.+.*,(3,.73&
4)%&()-1(*/A&H*<5&3&,(37=*&4)&%3&%)8.*%3-.F+&7.8)+,)5&*)&E3&)*,39%)-.4/&1+&*.*,)63&
)*,;+43(&4)&6/+.,/()/&>&-/+,(/%&4)%&38135&>3&*)3&'3(3&)%&-/+/-.6.)+,/&9;*.-/&
4)%&()-1(*/5&'3(3&)%&*)81.6.)+,/&4)%&1*/&)+&*1*&4.7)(*/*&-/+,)@,/*5&/&'3(3&%3&
)73%13-.F+&4)&%/*&.+*,(16)+,/*&4)&8)*,.F+A&]3&7.*.F+&4)&%3&*1*,)+,39.%.434&*)&
-)+,(3&)+&)%&-/+/-.6.)+,/&4)%&-/+*16/&4)%&()-1(*/5&+/&3*<&)+&%3*&6)4.43*&4)&
3,)+13-.F+&4)&%/*&.6'3-,/*A
$*,)&):)(-.-./&')(6.,)&.4)+,.\-3(&%3&+)-)*.434&4)&)+(.D1)-)(&%3&.+7)*,.83-.F+&
4)&%/*&()-1(*/*&+3,1(3%)*&3-1;,.-/*&4)*4)&1+3&')(*')-,.73&61%,.4.*-.'%.+3(.35&
-1>/&6/4)%/&4)&)*,14./&1*3&)%&-(.,)(./&4)&,+)$=#1(,*+&>&-1>/&-/+-)',/&-)+,(3%&
)*&%3&("<:#$+%,*+&L&$;)$+%,*+&4)%&/9:),/&4)&)*,14./A&B)&4)9)+&()*3%,3(&%/*&+)@/*&
>&()%3-./+)*&-/+&4.7)(*3*&)*-3%3*&_'1+,13%)*5&%.+)3%)*&/&4)&;()3&>&*1*&:)(3(D1<3*`&
/&)+,/(+/*&_'3.*3:)*&/&369.)+,)*`&-/+&)%&'3(34.863&D1)&*)&3*16)&)+&)*,)&
)*-(.,/?&)%&63+):/&*1*,)+,39%)&4)%&()-1(*/A

9:+"($,060$#.&*;

$%& '()*)+,)& 3(,<-1%/& )*& ()*1%,34/& 4)& %3& -/%39/(3-.F+& 4)& %/*& '(/0)*/()*S.+7)*,.834/()*& 4)& %3&
].-)+-.3,1(3&)+&I3+):/&4)&%/*&J)-1(*/*&j3,1(3%)*5&%/*&-13%)*&4)*3((/%%3+&*1*&3-,.7.434)*&4)+,(/&
4)%& 63(-/& 4)%& G1)('/&H-34=6.-/& 4)& I3+):/& 4)& %/*& J)-1(*/*&H-1;,.-/*& 4)& %3& a.7.*.F+& 4)&
a)*3((/%%/&B1*,)+,39%)&4)&%3&K+.7)(*.434&4)&L1.+,3+3&J//A

<-$#.$*',&#*-)."("*

H((.383SG39()(35& ]A5& $)& 1'G& _-//(4*A`& _dkkX`A& 7$=,"+$%& J,0#"'*=,(1%& :#,"#,)1#,1%G&


C%(1'1&0$&)#141@"&M-N&OOO&OOOG& I=@.-/?&G/6.*.F+&j3-./+3%&'3(3&)%&
G/+/-.6.)+,/&>&K*/&4)&%3&b./4.7)(*.434&_G/+39./`A

#!"#$%&'&(#%)*+
,&-./001&234,/5
R(31*,/SI3(,<+)2
G)(73+,)*SI3(,<+)2
T1,.=(()2SH81.(()

H212SH4)3,E5&ZA&>&$A&J.7)(3SH((.383&_VWWU`A&g$*-3%3*&)*'3-.3%)*&>&,)6'/(3%)*&4)%&
63+):/&-/*,)(/hP&)+&$A&J.7)(3SH((.383&$)&1'G&_)4*A`A&C'&<1+$@"&("%)$#"&$+&
QB;,("A&I=@.-/?&K+.7)(*.434&H1,F+/63&4)&G36')-E)lB)-(),3(<3&4)& X!
I)4./&H69.)+,)&>&J)-1(*/*&j3,1(3%)*l@!6'+SK+.7)(*.434lK+.7)(*.434&
4)&L1.+,3+3&J//&_9K#""`5&V!S"!A
b3**/%*5& bA&HA& _VWW[`A& 7$(3#%"%& +1)3#1'$%& 0$& QB;,("-& )$"#E1P& ("+"(,<,$+)"& L& 3%"A&
I=@.-/?&G)+2/+,%)A&
b)1-E/,5&IA&_VWWX`A&g]3&E)(6)+=1,.-3&3+3%F8.-3&)+&%3&61%,.4.*-.'%.+3(.)434&4)&
%3*&-.)+-.3*&E163+3*h5&)+&TA&GE;7)25&GA&I)+c)*&>&bA&B/%3()*A&!,$+(,1%&
%"(,1'$%&L&<3'),0,%(,:',+1A&I=@.-/?&G)+,(/&J)8./+3%&4)&Z+7)*,.83-./+)*&
I1%,.4.*-.'%.+3(.3*&_@#*7`SK+.7)(*.434&j3-./+3%&H1,F+/63&4)&I=@.-/&
_9:%755&""SUVA
b.(c63++5&uA&_VWWU`A&Q"+,)"#,+=&3+0&!"+)#"'',+=&$,+$#&+1(JJ1'),=$+&713<$+)R,(S'3+=-&
T+0,S1)"#$+&1'%&U$#SI$3=$&,<&F'1+3+=%:#"I$%*A&a/(,61+4?&a/(,61+4)(&
s)(,(.)9&0t(&b31&K+4&M%3+1+8*%.,)(3,1(A
mmmmmmm5& _VWW[`A& Q$1%3#,+=&V3'+$#14,',)L& )"& W1)3#1'& X1I1#0%-&Y"R1#0%& .,%1%)$#&
7$%,',$+)&2"(,$),$%A&#/c./?&K+.,)4&j3,./+*&K+.7)(*.,>&M()**A
G)(73+,)*SI3(,<+)25&HA&_VWW!`A&g$%&93%3+-)&E<4(.-/&)+&-1)('/*&4)&3813&-;(*,.-/*&
4)&%3&')+<+*1%3&4)&N1-3,;+?&()3%.434)*&>&(),/*hA&Y$"#E1&L&F#1;,%P&"5&d["S
d!VA&
mmmmmmm&_VWWX`A&g$*,14./*&%.6+/%F8.-/*&4)&*.*,)63*&-;(*,.-/*&_-)+/,)*`h5&)+&]A&
I):<3SQ(,.2&_)4A`A&Z,"0,/$#%,010&1(3>),(1&0$&'1&,%'1&0$&!"I3<$'A&I=@.-/?&
M%323&>&s3%4=*5&"UkS"ikA
mmmmmmm&>&]A&G/(/+34/Sr%73()2&_VWW!`A&g$73%13-.F+&4)%&'/,)+-.3%&')*D1)(/&4)&
-)+/,)*&4)&L1.+,3+3&J//5&1+3&3'(/@.63-.F+&6),/4/%F8.-3hA&Y$"#E1&
L&F#1;,%P&U5&"!SU[A&
mmmmmmm5& IA& $%<3*ST1,.=(()2& >& $A& B1;()2SI/(3%)*& _VWWV`A&g].6+/%/8.-3%& 3+4&
I/('E/6),(.-3%& a3,3& /0& $.8E,& v3(*,.-& B>*,)6*&wG)+/,)*x& /0& ,E)&
N1-3,3+&M)+.+*1%35&I)@.-/5&41(.+8&a(>&B)3*/+&_R)9(13(>SI3>&VWWd`hA&
XL0#"4,"'"=,15&UXV&_dS"`5&d[!Sd!!A
$%<3*ST1,.=(()25&IA5&$)&1'G&_VWW!`A&g]/*&-)+/,)*&>&%381+3*&4)%&-)+,(/&>&*1(&4)&%3&
M)+<+*1%3&4)&N1-3,;+h5&)+&TA&4)&%3&]3+23&$*'.+/&_-/6'A`A&[1%&1=31%&
,+)$#,"#$%&0$&QB;,("P&("+($:)"%&L&(1%"%A&I=@.-/?&%<6&$4.,/(5&UV"SUU[A&
mmmmmmm& _VWWX`A& !'10*($#1& L& !":B:"01& 0$& '1%& 1=31%& ("+),+$+)1'$%& 0$& QB;,("A&
I=@.-/?&$%&G/%)8./&4)&%3&R(/+,)(3&B1(&_$-/*1(`lG/+*):/&j3-./+3%&

#!"#$%&'&(#%)*+
,&-./001&234,/5
I3+):/&4)&%/*&()-1*/*&+3,1(3%)*&3-1;,.-/*&
K+3&7.*.F+&.+,)(4.*-.'%.+3(.3

4)&G.)+-.3&>&#)-+/%/8<3&_G/+3->,`A
R%.+,5&JA&_VWWU`A&g#E)&B1*,3.+39%)&a)7)%/'6)+,&/0&p3,)(&J)*/1(-)*hA&U1)$#&
XX 7$%"3#($%&5:01)$5&dV!5&UdSid&y)+&%<+)3zA&a.*'/+.9%)&)+?&E,,'?ll^^^A
1-/^(A*.1A)41l1'43,)*ldV!lR%.+,A'40&yVWdW5&dV&4)&/-,19()zA
R(31*,/5&QA&>&IA&&p)%-E&_VWWX`A&gI/+.,/(.+8&/0&,E)&o39.,3,&H8)+43&.+&I)@.-/?&
,E)& ]/-3%& K(93+& Q9*)(73,/(>hA& Y#1+%1(),"+%& "+& C("'"=L& 1+0& )J$&
C+/,#"+<$+)5&dd!5&d!iSdXVA
mmmmmmm5&ZE%5&#A5&G)(73+,)*&_VWdW`A&&gs1%+)(39.%.434&3&%3&.+1+43-.F+&)+&%3*&0/(63*&
)@/-3(*,.-3*& 4)%& +/()*,)& 4)& %3& ')+<+*1%3& 4)&N1-3,;+hA& TT& 2$<,+1#,"&
T4$#"1<$#,(1+"& 0$& \$"=#1DE1& KE%,(1G& I3>/& 4)& VWdW5& K+.7)(*.434& 4)&
G/.69(35&M/(,183%A&E,,'?ll^^^A1-A',ln1-l-)8/,lsZB]HTRl3-,3*l.+4"
mmmmmmm5&#A&ZE%&>&uA&J/:3*&_VWW[`A&gH--)*/&3&3813&'/,39%)?&.+4.-34/(&-%37)&4)&
4)*3((/%%/&E163+/hA&Y$"#E1&L&F#1;,%5&V5&d!dSdXWA
mmmmmmm5&#A& ZE%& >& uA&#1+& _VWWX`A&gJ),/*& >& ')(*')-,.73*& 4)& %/*& /9*)(73,/(./*&
1(93+/*&%/-3%)*&4)%&*1()*,)&4)&I=@.-/h5&)+&GA&T3((/-E/&>&uA&HA&r%73()2&
_)4*A`A&H4%$#/1)"#,"%&3#41+"%&$+&QB;,("-&[$((,"+$%P&:#":3$%)1%&L&0$%1DE"%A&
I=@.-/?&$%&G/%)8./&I)@.D1)+*)5&kVSddUA
mmmmmmm5&$)&1'G&_VWW[`A&gr()3*&*1*-)',.9%)*&3&(.)*8/&)+&%/-3%.434)*&4)&'/9()23&
)@,()63&)+&)%&*1(&4)&N1-3,;+hA&Y$"#E1&L&F#1;,%5&V5&X!SdW"A&
mmmmmmm5& _VWWX`A&gT(/1+4^3,)(& L13%.,>& I/+.,/(.+8& /+& j/(,E)3*,&N1-3,3+&
M)+.+*1%35&I)@.-/hA&K'"#,01A&]OYJ&21')&U1)$#&T+)#3%,"+&Q$$),+=P&XWSX"A&
T/9.)(+/&4)%&$*,34/&4)&L1.+,3+3&J//&_dkX!`A&C+(,('":$0,1&0$&'"%&<3+,(,:,"%&0$&
QB;,("G&Y"<"-&["%&<3+,(,:,"%&0$&63,+)1+1&7""A&I=@.-/?&G)+,(/&j3-./+3%&
4)&$*,14./*&I1+.-.'3%)*&4)&%3&B)-(),3(<3&4)&T/9)(+3-.F+A
T/%43-c)(5&BA5&$)&1'A&_VWWi`A&gZ4)+,.\-3,./+&/0&H()3*&3,&J.*c&/0&R%//4.+8&.+&,E)&
B/1,E&/0&,E)&N1-3,3+&M)+.+*1%35&I)@.-/h5&)+&$A&v3100)(&_)4A`A&C'&1=31&$+&
'1&D#"+)$#1&QB;,("^\31)$<1'1^Z$',($A&I=@.-/?&K+.7)(*.434&4)&G.)+-.3*&
>&H(,)*&4)&GE.3'3*&_K+.-3-E5l$-/*1(5&UX"SUk[A
T(369/^5&IA&_VWWX`A&U1%%$#<1+1=$<$+)-&T+)$=#,$#)$%&U1%%$##$%%"3#($+<1+1=$<$+)&
/"+&0$#&YJ$"#,$&I3#&5<%$)I3+=A&H%)63+.3?&s.)^)8A
T1,.=(()2SH81.(()5& IA&HA& >&HA& G)(73+,)*SI3(,<+)2& _VWW[`A&ga.*,(.91-.F+& 4)&
%3*&)*')-.)*&4)&Q$%"(L('":%&_G/')'/43?&G>-%/'/.43`&)+&)%&*1()*,)&
6)@.-3+/&>&()8.F+&j/(,)&4)&T13,)63%3hA&X,0#"4,"'*=,(15&d[5&VikSV[iA
mmmmmmmmmm&_VWWX3`A&gG%34F-)(/*&>&-/'='/4/*&41%-)3-1<-/%3*h5&)+&]A&I):<3SQ(,.2&
_)4A`A&Z,"0,/$#%,010&1(3>),(1&0$&'1&T%'1&0$&!"I3<$'A&I=@.-/?&M%323&>&s3%4=*A

#!"#$%&'&(#%)*+
,&-./001&234,/5
R(31*,/SI3(,<+)2
G)(73+,)*SI3(,<+)2
T1,.=(()2SH81.(()

mmmmmmm5& _VWWX9`A& C%)30,"& =$"J,0#"'*=,("& 0$'& +"#)$& 0$& 63,+)1+1& 7""P& QB;,("A&
I=@.-/?&9K#""lG/+3->,A
mmmmmmm5&>&$A&B1;()2SI/(3%)*&_VWWd`A&gH&j)^&B')-.)*&/0&Q$%"(L('":%&_G/')'/435& Xk
G>-%/'/.435& G>-%/'.43)`& 0(/6& B/1,E)3*,)(+& I)@.-/hA& _"3#+1'& "D&
[,<+"'"=L5&[W5&dU"SdiUA
mmmmmmm5&HA&G)(73+,)*SI3(,<+)2&>&]A&G/(/+34/Sr%73()2&_VWWX`A&g].6+/%/8>&/0&
T(/1+4^3,)(&$@'/*1()*&^.,E&K(93+&Z+n1)+-)&.+&G/216)%&Z*%3+45&
I)@.-/hA&V$#J1+0'3+=$+&0$%&T+)$#+1),"+1'$+&V$#$,+&[,<+"'"=,$5&"W5&Uk"S
Uk[A
mmmmmmm5& uA&pA& J).4& >& $A& B1;()2SI/(3%)*& _VWW"`A&gH+&H0(/SH*.3+& B')-.)*& /0&
Q$%"(L('":%&_G/')'/43?&G>-%/'/.43`&.+&G)+,(3%&H6)(.-3&3+4&I)@.-/hA&
_"3#+1'&"D&!#3%)1($1+&Z,"'"=L5&V"5&"iVS"["A
o)(()(3SB.%7).(35& uA&HA& _VWW[`A&g]381+3*& -/*,)(3*& 4)&N1-3,;+& _B$& I=@.-/`?&
Z+7)*,.83-.F+5&4.38+F*,.-/&>&63+):/hA&C(")#*:,("%5&dk5&kUSdWXA
mmmmmmm5&>&RA&HA&G/6<+&_VWWW`A&gH+&Z+,(/41-,/(>&H--/1+,&/0&#>')*&/0&HD13,.-&
$-/*>*,)6*&/0&N1-3,3+&M)+.+*1%3&_B$&I)@.-/`h5&)+&IA&BA&I3+1+3^3(5&
ZA&RA&]3^()+-)&>&aA&RA&I3%%)>&_)4*A`A&9A31),(&C("%L%)$<%&"D&Q$;,("&2)1)3%&
L&2(":$A&]).4)+?&b3-cE1>*&M19%.*E)(*A
ZE%5&#A&>&QA&R(31*,/&_VWWX`A&g$*,(1-,1(3&4)%&*.*,)63&4)&.+0/(63-.F+&8)/8(;\-3&
4)%&)*,14./&8)/E.4(/%F8.-/&>&)73%13-.F+&4)&01)+,)*&-/+,36.+3+,)*&
4)%&3-1<0)(/&+/(,)&4)&L1.+,3+3&J//5&I=@.-/h5&)+&IA&HA&T1,.=(()2&>&
HA&G)(73+,)*SI3(,<+)2&_-/6'*A`A&C%)30,"&=$"J,0#"'*=,("&0$'&+"#)$&0$&
63,+)1+1&7""P&QB;,("A&I=@.-/?&G/+3->,l9K#""5&ikS[[A
ZE%5&#A5& $)& 1'G& _VWW!`A&gZ4)+,.\-3,./+& /0& T)/4.*3*,)(*& .+& ,E)& B,3,)& /0&N1-3,3+5&
I)@.-/hA&W$3$%&_1J#43(J&D`#&\$"'"=,$&3+0&F1'a"+)"'"=,$^94J1+0'3+=$+5&
VU[5&VkkS"ddA
]18/So19'5& uA5& uA& RA&H-)7)*SL1)*343& >& JA& $*'.+3*3SM)()C/& _dkkV`A&gJ3*8/*&
8)/6/(0/%F8.-/*& 63>/()*& 4)& %3& M)+<+*1%3& 4)&N1-3,;+hA& 7$/,%)1& 0$'&
T+%),)3)"&0$&\$"'"=E15&dW&_V`5&dU"SdiWA&
I3,,E)*5&]A&_VWWX`A&gH+3%>*.*&3+4&)73%13,./+&/0&8(1+4&3+4&*1(03-)&^3,)(&D13%.,>&
3+4&8(1+4^3,)(&n/^&.+&,E)&+/(,E)(+&3D1.0)(&/0&L1.+,3+3&J//5&I)@.-/h5&
)+?&T1,.=(()2SH81.(()5&IA&>&HA&G)(73+,)*&I3(,<+)2&_-/6'*A`A&C%)30,"&
=$"J,0#"'*=,("&0$'&+"#)$&0$&63,+)1+1&7""5&QB;,("5&I=@.-/?&9K#""5&[!SdW!A
I3,,E)*5& ]A5& KA&#({8)(& >& QA& R(31*,/& _VWW[`A&ga>+36.c& 4)(& B3%2SBt**^3**)(S&
T()+2*-E.-E,& 41(-E& |9)(+1,21+8& 4)*& T(1+4^3**)(%).,)(*& 7/+&

#!"#$%&'&(#%)*+
,&-./001&234,/5
I3+):/&4)&%/*&()-1*/*&+3,1(3%)*&3-1;,.-/*&
K+3&7.*.F+&.+,)(4.*-.'%.+3(.3

G/216)%5& I)@.c/h5& )+& oA&s/.8,& _)4A`A& T+0,S1)"#$+& ,+& \#3+0R1%%$#P&


!"+D$#$+($&"D&X,0#"=$"'"=L&2$(),"+P&2.\\&]OObG&o3++/7)(5&U"5&kVA
kW M//,S]F')25&TA5&$)&1'G& _VWWX`A&ga.00)()+-)*&.+&J)'(/41-,.7)&B)3*/+3%.,>&/0&,E)&
G)+,(3%&H6)(.-3+& -.-E%.4& G.-E%3*/63& 1(/'E,E3%61*& 0(/6&#E())&
G)+/,)*&_B.+cE/%)*`hA&_"3#+1'&"D&9::',$0&T(J)JL"'"=L5&Vi5&XiSkWA&
B-E6.,,)(SB/,/5& uA& uA5& & $A& & $*-/93(Sb(./+)*5& uA&H%-/-)(5& & $A& B1;()2SI/(3%)*5& IA&
$%<3*ST1,.=(()2&>&]A&$A&I3(<+&_VWWV`A&g]/*&-)+/,)*&4)&%3&M)+<+*1%3&4)&
N1-3,;+h5&)+?&a)&%3&]3+23S$*'.+/5&TA&>&uA&]A&T3(-<3&G3%4)(F+&_-/6'*A`A&
[1="%&L&:#$%1%&0$&QB;,("A&I=@.-/?&&HT#5&""!S"XdA
B-E/%25&HA&>&QA&R(31*,/&_VWW[`A&go.4(/8)/-E.6.)&1+4&3+,E(/'/8)+)&$.+nt**)&310&
43*&T(1+4^3**)(&7/+&G/216)%5&I)@.-/h5&)+&oA&s/.8,&_)4A`A&T+0,S1)"#$+&
,+&\#3+0R1%%$#G&o3++/7)(?&B-E(.0,)+().E)&4)%&aTT5&dVkSdU"A&
B)(38)%4.+5& ZA& _dkki`A&gM(/6/,.+8& B1*,3.+39%)& a)7)%/'6)+,?&#/^3(4& 3& j)^&
M3(34.86h5& )+& ZA& B)(38)%4.+& >&HA& B,))(A& V1'3,+=& )J$& C+/,#"+<$+)-&
F#"($$0,+=%&"D&)J$&K,#%)&9++31'&T+)$#+1),"+1'&!"+D$#$+($&"+&C+/,#"+<$+)1''L&
23%)1,+14'$& .$/$'":<$+)& J$'0& 1)& )J$&U"#'0& Z1+SP&U1%J,+=)"+P& .G& !GP&
2$:)$<4$#&cO^H()"4$#&MP&MddcA&p3*E.+8,/+?&p/(%4&b3+c5&dVSV"A&
B,).+.-E5&bA&>&]A&$A&I3(<+&_dkk!`A&ga),)(6.+3,./+&/0&R%/^&GE3(3-,)(.*,.-*&.+&,E)&
HD1.0)(&/0&,E)&j/(,E^)*,)(+&M)+.+*1%3&/0&N1-3,3+5&I)@.-/hA&_"3#+1'&
"D&XL0#"4,"'"=L5&dkd5&"diS""dA
B1;()2SI/(3%)*5&$A5&$)&1'G&_dkk[`A&!1)>'"="&0$&'"%&(":B:"0"%&e!#3%)1($18&("+),+$+)1'$%&
0$&'1&F$+E+%3'1&0$&f3(1)>+P&QB;,(/A&I=@.-/?&G/+39./l$-/*1(A
#/63+5& IA& _VWW!`A&gK,.%.23,./+& /0& v+/^%)48)& I3+38)6)+,& 3+4& Z+0/(63,./+&
#)-E+/%/8.)*&#E)/(>& .+&p3,)(& J)*/1(-)*& I3+38)6)+,h5& )+& GA&HA&
b()99.3&>&HA&v1+8/%/*&_)4*A`A&U1)$#&7$%"3#($%&Q1+1=$<$+)A&Kv?&pZ#&
M()**5&[[!S[!!A
#1+5&uA5&QA&R(31*,/&>&#A&ZE%&_VWW!`A&gZ+4.-34/()*&4)&4)*3((/%%/&E163+/&4)%&4)*,.+/&
,1(<*,.-/&4)&G/216)%&_VWWWSVWWi`?&*)81.6.)+,/&4)&%/*& ">7&3%&3C/&
VWWih5&)+&GA&B.%73&>&HA&Z(3-E),3&_-/6'*A`&C'&D3)3#"&0$&'1%&(,3010$%&L&
$'&)3#,%<"A&I=@.-/?&$%&G/%)8./&I)@.D1)+*)lK+.7)(*.434&4)%&G3(.9)5&
V[iSVXUA

#!"#$%&'&(#%)*+
,&-./001&234,/5

También podría gustarte