Suboficialespromocion2019 PDF

BOLETÍN OFICIAL DEL MINISTERIO DE DEFENSA
/ÙN .BSUFT EFNBZPEF 4FD*71ÃH
*7&/4&µ"/;".*-*5"3
ENSEÑANZA DE FORMACIÓN
Convocatorias
Resolución 452/07227/19
$ÓE*OGPSNÃUJDP
Resolución de 7 de mayo, de la Subsecretaría, por la que se convocan los procesos

de selección para el ingreso en los centros docentes militares de formación mediante la
forma de ingreso por promoción para cambio de escala, con y sin exigencia de titulación de
Técnico Superior, para la incorporación como militar de carrera a las Escalas de Suboficiales
de los Cuerpos Generales y de Infantería de Marina.

8;6+=3?+;/1>5+.8;+

&<P)I>TE@:8;<;<D8PF)EYD<IF ;<;<D8PF;<;L:8:@XEDF;@=@:8;8GFIC8&TE@:8 ;< ;<D8IQF)
EYD<IF ;< ;<D8IQFGFIC8&<P)I>TE@:8 ;<;<;@:@<D9I<)EYD<IF;< ;<
;@:@<D9I<PGFIC8&TE@:8 ;<;<ALC@F)EYD<IF ;<;<ALC@F;<;<I<:?FJP;<9<I<J;<CFJ
D@<D9IFJ ;< C8J L<IQ8J ID8;8J P GFI C8 &@D<E$LIV;@:F;<C-<:KFI*Y9C@:F

,<8C<:I<KF C<EK<J
G8I8C88DGC@8:@XE;<C:8C<E;8I@F;<@DGC8EK8:@XE;<C8&<P)I>TE@:8 ;<;<;@:@<D9I<)EYD<IF
;< ;<;@:@<D9I<G8I8C8D<AFI8;<C8:8C@;8;<;L:8K@M8

,<8C<:I<KF;<;<D8IQF)EYD<IF ;< ;<89I@CGFI<CHL<J<8GIL<98EC8JD<;@;8J
;<GIFK<::@XE;<C8D8K<IE@;8;<E<CTD9@KF;<C8<EJ<W8EQ8<EC8J L<IQ8JID8;8J

,<8C <:I<KF ;< ;< <E<IF ) EYD<IF ;< ;< <E<IF GFI <C HL< J< 8GIL<98 <C
,<>C8D<EKF;<@E>I<JFPGIFDF:@XEP;<FI;<E8:@XE;<C8<EJ<W8EQ8;<=FID8:@XE<EC8J L<IQ8JID8;8J
<E8;<C8EK<<Cc,<>C8D<EKFdDF;@=@:8;FGFI<C,<8C<:I<KF ;<;<D8IQF)EYD<IF
;<;<D8IQFGFI<C,<8C<:I<KF ;<;<ALC@F)EYD<IF ;< ;<ALC@FGFI<C,<8C
<:I<KF ;<;<D8PF)EYD<IF ;< ;<D8PFGFI<C,<8C<:I<KF ;<
;<89I@C)EYD<IF ;< ;<D8PFPGFI<C,<8C<:I<KF ;<;<F:KL9I<)EYD<IF
;<;<F:KL9I<

,<8C <:I<KF ;< ;< D8PF ) EYD<IF ;< ;< ALE@F GFI <C HL< J< 8GIL<98 <C
,<>C8D<EKF ;< <JG<:@8C@;8;<J =LE;8D<EK8C<J <E C8J L<IQ8J ID8;8J DF;@=@:8;F GFI <C ,<8C <:I<KF
;<;<;@:@<D9I<)EYD<IF;<;<;@:@<D9I<

Verificable en IUUQTTFEFEFGFOTBHPCFTBDDFEBCPE
,<8C <:I<KF ;< ;< ALC@F ) EYD<IF ;< ;< ALC@F GFI <C HL< J< <JK89C<:< C8
FI;<E8:@XE><E<I8C;<C8=FID8:@XEGIF=<J@FE8C;<CJ@JK<D8<;L:8K@MF

,<8C<:I<KF ;<;<D8IQF)EYD<IF;<;<89I@CGFI<CHL<J<8GIL<98C8GIFM@J@XE
;<GC8Q8J;<C8J L<IQ8JID8;8JP;<C8J:8C8;<)=@:@8C<J;<C8!L8I;@8@M@CG8I8<C8WF

)I;<E'@E@JK<I@8C ;< ;<EFM@<D9I<)EYD<IF;<;<EFM@<D9I<GFIC8HL<J<I<>LC8E
CFJGIF:<;@D@<EKFJG8I8<M8CL8IC8:FDG<K<E:@8C@E>ZVJK@:8<ECFJ@;@FD8J<OKI8EA<IFJ:FEJ@;<I8;FJ;<@EK<IUJ
G8I8C8J L<IQ8JID8;8JDF;@=@:8;8GFIC8)I;<E'@E@JK<I@8C ;< ;<EFM@<D9I<)EYD<IF
;<;<EFM@<D9I<PGFIC8)I;<E'@E@JK<I@8C ;<;<D8PF)EYD<IF ;<;<
D8PFP;<J8IIFCC8;8GFIC8#EJKIL::@XE ;<;<;@:@<D9I<)EYD<IF;<;<;@:@<D9I<
$7&#0%YYY
DF;@=@:8;8 GFI C8 #EJKIL::@XE ;< ;< F:KL9I< ) EYD<IF ;< ;< F:KL9I< GFI C8
#EJKIL::@XE ;< ;<=<9I<IF)EYD<IF;<;<=<9I<IFPGFIC8#EJKIL::@XE ;<
;<EFM@<D9I<)EYD<IF;< ;<EFM@<D9I<

)I;<E ;< ;<D8IQF)EYD<IF;<;<89I@CGFIC8HL<J<8GIL<98EC8JEFID8J

GFIC8JHL<?8E;<I<>@IJ<CFJGIF:<JFJ;<J<C<::@XEG8I8<C@E>I<JF<ECFJ:<EKIFJ;F:<EK<JD@C@K8I<J;<
=FID8:@XEG8I88::<;<I8C8J<J:8C8J;<JL9F=@:@8C<J;<CFJL<IGFJ!<E<I8C<JP;<#E=8EK<IV8;<'8I@E8
DF;@=@:8;8 GFI C8 )I;<E ;< ;< 89I@C ) EYD<IF ;< ;< D8PF GFI C8 )I;<E
;<;<D8IQF)EYD<IF;<;<89I@CPGFIC8)I;<E ;< ;<D8PF
)EYD<IF ;<;<D8PF

)I;<E'@E@JK<I@8C ;<;<89I@C)EYD<IF;<;<D8PFGFIC8HL<J<8GIL<98EC8JEFID8J
G8I8C8M8CFI8:@XE;<C88GK@KL;DU;@:8;<CG<IJFE8C;<C8J L<IQ8JID8;8J:FEI<JGFEJ89@C@;8;;<ML<CF
DF;@=@:8;8GFIC8)I;<E'@E@JK<I@8C ;< ;<J<GK@<D9I<)EYD<IF ;< ;<J<GK@<D9I<
PGFIC8)I;<E ;< ;<D8PF)EYD<IF ;<;<D8PF

)I;<E ;< ;< D8PF ) EYD<IF ;< ;< D8PF GFI C8 HL< J< 8GIL<98E C8J
GIL<98J=VJ@:8JPD8I:8J88C:8EQ8I<ECFJGIF:<JFJ;<J<C<::@XEG8I8<C@E>I<JF<ECFJ:<EKIFJ;F:<EK<J
D@C@K8I<J ;< =FID8:@XE P G8I8 C8 JLG<I8:@XE ;< CFJ GC8E<J ;< <JKL;@FJ ;< C8 <EJ<W8EQ8 ;< =FID8:@XE
DF;@=@:8;8GFIC8)I;<E ;<;<89I@C)EYD<IF ;<;<D8PFPGFIC8)I;<E
;<;<D8PF)EYD<IF ;< ;<D8PF

)I;<E ;<;<D8PF)EYD<IF ;<;<D8PFGFIC8HL<J<;<K<ID@E8EC8J
K@KLC8:@FE<J I<HL<I@;8J G8I8 @E>I<J8I <E CFJ :<EKIFJ ;F:<EK<J D@C@K8I<J ;< =FID8:@XE G8I8 8::<JF 8 C8J
;@=<I<EK<J <J:8C8J ;< F=@:@8C<J P JL9F=@:@8C<J ;< C8J L<IQ8J ID8;8J DF;@=@:8;8 GFI C8 )I;<E
;< ;<D8PF)EYD<IF ;<;<D8PFPGFIC8)I;<E ;<;<
89I@C)EYD<IF ;<;<D8PF

)I;<E ;< ;<D8PF)EYD<IF ;<;<D8PFGFIC8HL<J<8GIL<98EC8JEFID8J
GFIC8JHL<?8;<I<>@IJ<C8GIL<98;<C<E>L8@E>C<J88I<8C@Q8I<ECFJGIF:<JFJ;<J<C<::@XEG8I8<C@E>I<JF
<E CFJ :<EKIFJ ;F:<EK<J D@C@K8I<J ;< =FID8:@XE DF;@=@:8;8 GFI C8 )I;<E ;< ;< D8IQF
)EYD<IF;<;<D8IQF

)I;<E*# ;< ;<<E<IF)EYD<IF ;< ;<<E<IFGFIC8HL<J<8GIL<98<C:L8;IFDU;@:F
;<<O:CLJ@FE<J<O@>@9C<G8I8<C@E>I<JF<ECFJ:<EKIFJ;F:<EK<JD@C@K8I<J;<=FID8:@XEI<:K@=@:8;8GFI)I;<E
*# ;< ;<D8IQF)EYD<IF;<;<D8IQF

#EJKIL::@XE ;<;<D8IQF)EYD<IF;<;<D8IQF;<C-L9J<:I<K8I@F;<<=<EJ8GFIC8
HL<J<8GIL<98EC8JEFID8JGFIC8JHL<?8E;<I<>@IJ<CFJjI>8EFJ;<-<C<::@XEFD@J@FE<J*<ID8E<EK<J
;<-<C<::@XE.I@9LE8C<J'U;@:FJ'@C@K8I<J;<G<C8:@XEPJLJjI>8EFJJ<JFI<JP;<GFPF

(FID8(--<>LI@;8;<E<C*<IJFE8C
"89@C@K8:@XE;<-<>LI@;8;;<C*<IJFE8C;<C8LKFI@;8;<C<>8;8
G8I8C8-<>LI@;8;;<C8#E=FID8:@XEC8J@=@:8;8
?KKGJNNN
:E@
<J:FDLEI<:LIJFJ;<J:8I>8J)/'(.)77 7(FID8J7;<7C87LKFI@;8;
G;=

E:LDGC@D@<EKF8CF;@JGL<JKF<E<C,<8C<:I<KF ;<;<D8IQFP<ELJF;<C8J:FDG<K<E:@8J
HL<D<?8EJ@;F8KI@9L@;8J<E<C8IKV:LCF;<C,<>C8D<EKF
$!
!;36/;8FEMF:8ICFJJ@>L@<EK<JGIF:<JFJ;<J<C<::@XEG8I8<C@E>I<JF<ECFJ:<EKIFJ;F:<EK<JD@C@K8I<J;<
=FID8:@XE' P8GIF98IC8J98J<JHL<CFJI<>LC8EHL<J<8;ALEK8E<E<CE<OF8<JK8I<JFCL:@XE

X;@>F;<GIF:<JF *IF:<JF;<J<C<::@XED<;@8EK<C8=FID8;<GIFDF:@XEG8I8:8D9@F;<
<J:8C8 J@E <O@><E:@8 ;< K@KLC8:@XE ;< .U:E@:F -LG<I@FI ..- G8I8 C8 @E:FIGFI8:@XE :FDF D@C@K8I ;<
:8II<I8<EC8JJ:8C8J;<-L9F=@:@8C<J;<CFJL<IGFJ!<E<I8C<JP;<CL<IGF;<#E=8EK<IV8;<'8I@E8

X;@>F;<GIF:<JF *IF:<JF;<J<C<::@XED<;@8EK<C8=FID8;<GIFDF:@XEG8I8:8D9@F;<
<J:8C8 :FE <O@><E:@8 ;< K@KLC8:@XE ;< .U:E@:F -LG<I@FI ..- G8I8 C8 @E:FIGFI8:@XE :FDF D@C@K8I ;<
:8II<I8<EC8JJ:8C8J;<-L9F=@:@8C<J;<CFJL<IGFJ!<E<I8C<JP;<CL<IGF;<#E=8EK<IV8;<'8I@E8

$/1>7.8-XCFJ<GF;ITEJFC@:@K8IGC8Q8JHL<:FII<JGFE;8E8C<AUI:@KFP:L<IGF8CHL<J<G<IK<E<:<:FE=FID<
8CF<JK89C<:@;F<E<C8IKV:LCF
;<C8&<P;< ;<EFM@<D9I<8IKV:LCF ;<C8&<P;<
;<89I@C;<.IFG8P'8I@E<IV8P8IKV:LCF9;<C,<>C8D<EKF

$7&#0%YYY

%/;-/;8)=<IK8IF:?F:@<EK8J:8KFI:< GC8Q8J;@JKI@9L@;8J;<C8=FID8J@>L@<EK<
!*$

AUI:@KF;<.@<II8:L8KIF:@<EK8JGC8Q8J:FEC8J@>L@<EK<;@JKI@9L:@XE

%# $%%&Q
Q

%
&#! $! !* % %$
%#
?/;!C '3+ '3+ '3+
#Q
+ , -
70+7=/;G+31/;+

:8;<D@8;<
#E=8EK<IV8
70+7=/;G+31/;+-8;+B+.+
:8;<D@8;<
+,+55/;G+
898CC<IV8

;=355/;G+./+69+H+

:8;<D@8;<
IK@CC<IV8

;=355/;G+7=3+F;/+

71/73/;8<
# :8;<D@8;<
#E><E@<IFJ
%;+7<63<387/<
+7=/7363/7=8.//;87+?/<
5/-=;I73-+A%/5/-86>73-+-387/<
+7=/7363/7=8A87=+4/./

:>398<
:8;<D@8
&F>VJK@:8
+7=/7363/7=8./;6+6/7=8A

+=/;3+5
708;6E=3-+
>=868-3I7


$7&#0%YYY


ID8;8:@<EKFJ<K<EK8P;FJ GC8Q8J:FEC8J@>L@<EK<;@JKI@9L:@XE
#
%P%& $%%&Q
%#
%C Q

%
&#! $! $&!# # !*?/; %%&Q % %$
%# '3+ '3+ '3+
/@313.89+;+ !C

#Q + , -
+--/<8%
;D@E@JKI8:@XE
.6373<=;+-3I7
P @E8EQ8J
+738,;+A
-(!,
+?/1+-3I7
584+63/7=8A

#/<=+>;+-3I7
;6+<
# 86>73-+-387/<A
$3<=/6+<./
708;6+-3I7
-S)
7/;1G+A

!;89>5<3I7
'8EK<E@D@<EKF
$3<=/6+<
C<:KIXE@:F
%#P 70+7=/;G+./ J@JK<E@:88C8
#'!
# +;37+ @I<::@XE

AUI:@KF;<C@I<;FJ:@<EK8J:L8I<EK8P;FJGC8Q8J:FEC8J@>L@<EK<;@JKI@9L:@XE
C#% #
$%%&Q
%P%& %C %#
Q

$&!# # %
&#! $! !*?/; %%&Q % %$
/@313.89+;+ %#
!C '3+ '3+ '3+

+--/<8% #Q
+ , -
-@JK<D8J;<
.<C<:FDLE@:8:@FE<J *)
<#E=FIDTK@:FJ
;D@E@JKI8:@XE;<
J@JK<D8J@E=FIDTK@:FJ *)
!;8=/--3I7./5+ <EI<;
>/;B+A98A8
<J8IIFCCF;<
+5+<
9/;+-387/< 8GC@:8:@FE<J
*)
@E=FIDTK@:8J
DLCK@GC8K8=FID8
-@JK<D8J
C<:KIXE@:FJP *)
LKFD8K@Q8;FJ :8;<D@8
# TJ@:8;<C

@I<
+7=/7363/7=8
',
/;87E>=3-8
+7=/7363/7=8
&
./5/-=;I73-+
87=;85F;/8
;D@E@JKI8:@XEP
3
@E8EQ8J
.6373<=;+-3I7
J@JK<E:@88C8
3
@I<::@XE
$7&#0%YYY


%$

*IF:<JF;<J<C<::@XEG8I8@E>I<JF:FE<O@><E:@8;<K@KLC8:@XE;<.U:E@:F-LG<I@FI..-FE;@:@FE<J
<JG<:@=@:8;8J<EC898J<J<>LE;88G8IK8;FJ

@P

@@

*IF:<JF;<J<C<::@XEG8I8@E>I<JFJ@E<O@><E:@8;<K@KLC8:@XE;<.U:E@:F-LG<I@FI..-FE;@:@FE<J
<JG<:@=@:8;8J<EC898J<J<>LE;88G8IK8;F

@@@
&FJ8JG@I8EK<J;<9<ITEFGK8IGFILE8;<C8JKI<JMV8J
;<8::<JF<JK89C<:@;8JGFI<C8IKV:LCF;<C,<8C<:I<KF ;<;<ALC@F@E;@:8E;FC8MV8<C<>@;8
<EC8JFC@:@KL;;<8;D@J@XE
&8;@JKI@9L:@XE;<GC8Q8JJ<IT
/E;<C8JGC8Q8JG8I8C8MV8;<8::<JF8

/E;<C8JGC8Q8JG8I8C8MV8;<8::<JF9

/E;<C8JGC8Q8JG8I8C8MV8;<8::<JF:

>+;=88;6+<./+->6>5+-3I7./95+B+<

E<CGIF:<JF;<J<C<::@XEG8I8@E>I<JF:FE<O@><E:@8;<..-C8JGC8Q8JEF:L9@<IK8JJ<8:LDLC8ITE8C8
DF;8C@;8;;<@E>I<JFJ@E<O@><E:@8;<..-8C8D@JD8<JG<:@8C@;8;=LE;8D<EK8CP8C8MV889F:HL<
:FII<JGFE;8J<>YE<C8G8IK8;F
;<C;@JGFE>FK<I:<IF
E<CAUI:@KF;<C@I<C8JGC8Q8JHL<HL<;<EJ@E
:L9I@I ;< C8 <JG<:@8C@;8; =LE;8D<EK8C ;D@E@JKI8:@XE J< 8J@>E8ITE 8 C8 <JG<:@8C@;8; =LE;8D<EK8C
'8EK<E@D@<EKF<IFETLK@:F

E <C GIF:<JF ;< J<C<::@XE G8I8 @E>I<JF J@E <O@><E:@8 ;< ..- C8J GC8Q8J EF :L9@<IK8J J< 8:LDLC8ITE
J@>L@<E;FCFJ:I@K<I@FJGI<=<I<E:@8C<J<OGL<JKFJ8:FEK@EL8:@XE
^
'@JDF :X;@>F ;< GC8Q8
&8J GC8Q8J EF :L9@<IK8J <E 8C>LE8 ;< C8J MV8J J< 8:LDLC8ITE ;< =FID8
GIFGFI:@FE8C8CI<JKF;<C8JMV8J;<8:L<I;F:FEC8JJ@>L@<EK<JGIFGFI:@FE<J
*C8Q8JEF:L9@<IK8J<EC8MV88 MV89 MV8:
*C8Q8JEF:L9@<IK8J<EC8MV89 MV88 MV8:
*C8Q8JEF:L9@<IK8J<EC8MV8: MV88 0V89
&FJ I<JLCK8;FJ F9K<E@;FJ KI8J C8 8GC@:8:@XE ;< CFJ GFI:<EK8A<J :FII<JGFE;@<EK<J 8 C8J GC8Q8J J@E
:L9I@IJ<<OGI<J8ITE:FE;FJ:@=I8J;<:@D8C<JI<;FE;<8;FJ8C8:<EKUJ@D8
&8JGC8Q8J88:LDLC8IJ<
<OGI<J8ITE<EEYD<IFJ<EK<IFJKI8JC88GC@:8:@XE;<I<;FE;<F8C<EK<IFDTJ:<I:8EFK<E@<E;F<E
:L<EK8 HL< J@ C8 :<I:8EV8 8 CFJ ;FJ <EK<IFJ DTJ :<I:8EFJ JLG<I@FI < @E=<I@FI <J C8 D@JD8 J<
I<;FE;<8IT8C<EK<IFJLG<I@FIDTJ:<I:8EF<EC8GI@D<I8MV8HL<:FII<JGFE;8:FE<CJ@>L@<EK<FI;<E
^MV88^MV8:P^MV89
EC8FKI8MV8J<I<;FE;<8IT8C<EK<IF@E=<I@FIDTJ:<I:8EF

-@KI8JC88GC@:8:@XE;<CF8EK<I@FI<E8C>LE8;<C8JMV8JHL<;8I8EGC8Q8JJ@E:L9I@IJ<8:LDLC8ITE
8C8FKI8MV8

^
'@JD8 <JG<:@8C@;8; =LE;8D<EK8C G<IF <E <C FKIF :X;@>F ;< GC8Q8<E C8 MV8 FI@>@E8C 8GC@:89C< 8 C8J
<JG<:@8C@;8;<J =LE;8D<EK8C<J ;< IK@CC<IV8 ;< 8DG8W8 P EK@8UI<8 ;<C AUI:@KF ;< .@<II8 YE@:8J
FG:@FE<J<EC8JHL<;<EKIF;<C8D@JD8<JG<:@8C@;8;J<F=<IK8EM8I@FJ:X;@>FJ;<GC8Q8J
-@KI8JC8
8GC@:8:@XE;<CF8EK<I@FIHL<;8I8EGC8Q8JJ@E:L9I@I<E:8;8:X;@>F;<GC8Q8J<8GC@:8ITCF<JG<:@=@:8;F
<E<C:I@K<I@F ^

^
'@JDF:<EKIF;F:<EK<D@C@K8I;<=FID8:@XE<E<C:X;@>F;<GC8Q8HL<D8PFIGI@FI@;8;K<E>8<JK89C<:@;8
J<>YECFJ:I@K<I@FJ;<K<ID@E8;FJGFICFJ<AUI:@KFJ<E<CJ@>L@<EK<8G8IK8;F
&8JGC8Q8JJ<8:LDLC8ITE8
C8MV8FI@>@E8C
-@KI8JC88GC@:8:@XE;<CF8EK<I@FIHL<;8I8EGC8Q8JJ@E:L9I@I<E:8;8:X;@>F;<GC8Q8J<
8GC@:8ITCF<JG<:@=@:8;F<E<C:I@K<I@F ^

^
E<C:X;@>F;<GC8Q8;<K<ID@E8;FGFICFJ<AUI:@KFJJ<>YE<CJ@>L@<EK<FI;<E;<GI@FI@;8;
@E<CAUI:@KF;<.@<II8C8JGC8Q8JHL<HL<;<EJ@E:L9I@I;<:L8CHL@<IJG<:@8C@;8; LE;8D<EK8CJ<
8J@>E8ITE LE8 8 LE8 GFI <C FI;<E HL< J< :@K8 8 :FEK@EL8:@XE #E=8EK<IV8 &@><I8 #E=8EK<IV8
:FI8Q8;8 P '<:8E@Q8;8 898CC<IV8 IK@CC<IV8 ;< 8DG8W8 IK@CC<IV8 EK@8UI<8 #E><E@<IFJ
.I8EJD@J@FE<J '8EK<E@D@<EKF ;< <IFE8M<J LKFDF:@XE '8EK<E@D@<EKF ;< ID8D<EKF P
'8K<I@8CC<:KIXE@:8P.<C<:FDLE@:8:@FE<J#E=FIDTK@:8'8EK<E@D@<EKFP'FEK8A<;<HL@GFJ

@@EC8ID8;8C8JGC8Q8JHL<HL<;<EJ@E:L9I@I;<:L8CHL@<IJG<:@8C@;8; LE;8D<EK8C;<CL<IGF
!<E<I8C ;< C8 ID8;8 J< 8J@>E8ITE LE8 8 LE8 GFI <C FI;<E HL< J< :@K8 8 :FEK@EL8:@XE
FDLE@:8:@FE<J P -@JK<D8J ;< #E=FID8:@XE -@JK<D8J ;D@E@JKI8:@XE ID8J '8E@F9I8 P
(8M<>8:@XECFA8D@<EKFP,<JK8LI8:@XEPEV8P*IFGLCJ@XE

@@@E<CAUI:@KF;<C@I<C8JGC8Q8JHL<HL<;<EJ@E:L9I@I;<:L8CHL@<IJG<:@8C@;8; LE;8D<EK8CJ<
8J@>E8ITE LE8 8 LE8 GFI <C FI;<E HL< J< :@K8 8 :FEK@EL8:@XE '8EK<E@D@<EKF <IFE8YK@:F
'8EK<E@D@<EKF;<C<:KIXE@:8PFEKIFCUI<F

&8JGC8Q8JJ<8:LDLC8ITE8C8MV8FI@>@E8C
-@KI8JC88GC@:8:@XE;<CF8EK<I@FIHL<;8I8EGC8Q8JJ@E
:L9I@I<E:8;8:X;@>F;<GC8Q8J<8GC@:8ITCF<JG<:@=@:8;F<E<C:I@K<I@F ^

$7&#0%YYY

Quinto.- El General Director de Enseñanza, Instrucción, Adiestramiento y Evaluación del Ejército de Tierra, el
Almirante Director de Enseñanza Naval y el General Director de Enseñanza del Ejército del Aire, adoptarán las
disposiciones necesarias para el desarrollo del proceso de selección correspondiente.
Madrid, 7 de mayo de 2019.—El Subsecretario de Defensa, Alejo de la Torre de la Calle.
APÉNDICES:
1. Solicitud de admisión a los procesos de selección por promoción para cambio de escala, para la
incorporación como militar de carrera a las Escalas de Suboficiales de los Cuerpos Generales y del Cuerpo de
Infantería de Marina.
2. Modelo 790. Instrucciones para la liquidación de tasas de derechos de examen.
3. Certificado del resultado de las pruebas analíticas de detección de consumo de sustancias psicotrópicas.
4. Componentes de los Órganos de Selección y de los Tribunales Médicos Militares de Apelación.
5. Modelos de “certificado médico oficial” para realización de las pruebas físicas.
6. Pruebas físicas.
7. Unidades de la Armada a efectos de valoración del tiempo de servicio.
8. Baremo para la fase de concurso con y sin exigencia del título de técnico superior.
9. Especialidades fundamentales elegidas y de procedencia.
$7&#0%YYY
(

+</<
*I@D<I8
%-."'!"-"&" %7(
C J@JK<D8 ;< J<C<::@XE 8 <DGC<8I <E CFJ ;@JK@EKFJ GIF:<JFJ HL< J< :FEMF:8E J<IT <C ;< :FE:LIJF
FGFJ@:@XE

&FJGIF:<JFJ;<J<C<::@XE:FD<EQ8ITE:FEC8GL9C@:8:@XE;<C8GI<J<EK<:FEMF:8KFI@8P:FE:CL@ITE<EC8
=<:?8;<GI<J<EK8:@XE<ECFJ:<EKIFJ;F:<EK<JD@C@K8I<J;<=FID8:@XE;<CFJ8JG@I8EK<JGIFGL<JKFJ:FDF8CLDEFJ
GFI<CjI>8EF;<-<C<::@XE

-<>LE;8
"+/%-%.)-!"&)--*%,(."-

*8I8J<I8;D@K@;FJ<E:8;8LEF;<CFJGIF:<JFJ;<J<C<::@XECFJ8JG@I8EK<J;<9<ITEI<LE@ICFJJ@>L@<EK<J
I<HL@J@KFJ<EC8J=<:?8J@E;@:8;8JPD8EK<E<ICFJ?8JK8<CDFD<EKF;<C8@E:FIGFI8:@XE8C:<EKIF;F:<EK<
D@C@K8I;<=FID8:@XE

C;V8;<=@E8C@Q8:@XE;<CGC8QF;<GI<J<EK8:@XE;<JFC@:@KL;<J
8 (8:@FE8C@;8;<JG8WFC8

9 (F:LDGC@IE@?89<I:LDGC@;F<E<C8WF C8JJ@>L@<EK<J<;8;<JDTO@D8J
'@C@K8I<J;<KIFG8PD8I@E<IV8:FE<O@><E:@8;<K@KLC8:@XE;<.U:E@:F-LG<I@FIKI<@EK8PKI<J8WFJ

'@C@K8I<J;<KIFG8PD8I@E<IV8J@E<O@><E:@8;<K@KLC8:@XE;<.U:E@:F-LG<I@FIKI<@EK8PLE 8WFJ

: (F<JK8IGI@M8;F;<CFJ;<I<:?FJ:@M@C<J

; 8I<:<I;<8EK<:<;<EK<JG<E8C<J

< (F K<E8;F F <E:8LJ8;F E@E>YE GIF:<;@D@<EKF
AL;@:@8CGFI;<C@KF;FCFJF

= (F ?898EFJ :FEJK@KL:@FE8C<J F ;< CFJ XI>8EFJ <JK8KLK8I@FJ ;< C8J
:FDLE@;8;<J 8LKXEFD8J E@ ?8CC8IJ< @E?89@C@K8;F :FE :8IT:K (F?89<I:8LJ8;F98A8;<LE:<EKIF;F:<EK<D@C@K8I;<=FID8:@XEGFICFJDFK@MFJ<JK89C<:@;FJ<E<C8IKV:LCF

:P;;<C8&<P;< ;<EFM@<D9I<

? (FGF;ITEG8IK@:@G8I<ECFJGIF:<JFJ;<J<C<::@XEG8I8:LIJ8I<EJ<W8EQ8J;<CD@JDFE@M<CP:8I8:K<IVJK@:8J
8HLUCCFJHL<?8P8E:8LJ8;F98A8<ELE:<EKIF;F:<EK<D@C@K8I;<=FID8:@XEGFI<CDFK@MF<JK89C<:@;F<E
<C8IKV:LCF

9;<C8&<P;< ;<EFM@<D9I<

@ E<C:8JF;<?89<I;8;FGFJ@K@MF<E;<K<::@XE;<JLJK8E:@8JGJ@:FKIXG@:8JF;IF>8J<EC88E8CVK@:8HL<
<E<CJ<EF;<LEGIF:<JF;<J<C<::@XE8EK<I@FIC<?L9@<I8J@;FGI8:K@:8;8;<9<IT?89<IKI8EJ:LII@;FLE
G<I@F;F;<LE8WF:FEK8;F8G8IK@I;<C8=<:?8;<<O:CLJ@XE

A (F ?898J HL< J< C<
?L9@<I8EI<8C@Q8;F;<EKIF;<CG<I@F;F;<LE8WF@ED<;@8K8D<EK<8EK<I@FI8C8=<:?8CVD@K<;<GI<J<EK8:@XE
;<JFC@:@KL;<J

B (FK<E<I8EFK8;8J:FE:8IT:K<I=@ID<<EMV88;D@E@JKI8K@M8<EJL?@JKFI@8CD@C@K8I@E;@M@;L8CJ8E:@FE<J
;@J:@GC@E8I@8JGFI=8CK8J>I8M<JFDLP>I8M<J

C E:FEKI8IJ<<EC8J@KL8:@XE;<J<IM@:@F8:K@MFF;<<O:<;<E:@8GFII8QXE;<M@FC<E:@8;<>UE<IF
D(FJLG<I8I<CEYD<IFDTO@DF;<KI<J:FEMF:8KFI@8JFI;@E8I@8JP;FJ<OKI8FI;@E8I@8J<ELED@JDFGIF:<JF
;< J<C<::@XE
< :FE=FID@;8; :FE CF ;@JGL<JKF <E <C ,<8C <:I<KF ;< ;< D8PF C8J KI<J
GI@D<I8J :FEMF:8KFI@8J JFE FI;@E8I@8J P C8J ;FJ J@>L@<EK<J <OKI8FI;@E8I@8J
&8J :FEMF:8KFI@8J
<OKI8FI;@E8I@8J ;<9<ITE :8C@=@:8IJ< <OGI<J8D<EK< :FDF K8C<J <E C8 JFC@:@KL; ;< 8;D@J@XE 8C GIF:<JF
:FII<JGFE;@<EK<
/E8 :FEMF:8KFI@8 J< <EK@<E;< :FEJLD@;8 :L8E;F C8 G<IJFE8 HL< FGFJ@K8 ?8P8 J@;F
@E:CL@;8<EC8C@JK8;<8;D@K@;FJ8C8JGIL<98J
(FF9JK8EK<J@C8@E:FDG8I<:<E:@8F9<;<:@<I88:8LJ8;<
=L<IQ8D8PFI;<9@;8D<EK<ALJK@=@:8;88DFK@MFJ;<<D98I8QFG8IKFFGFJG8IKFF9@<E8HL<<CD@C@K8IJ<
<E:L<EKI< G8IK@:@G8E;F <E LE8 D@J@XE =L<I8 ;<C K<II@KFI@F E8:@FE8C J< I<JFCM<IT GI<M@8 JFC@:@KL; P
ALJK@=@:8:@XE ;F:LD<EK8C ;< C8 G<IJFE8 @EK<I<J8;8 <=<:KL8;8 8EK<J ;<C @E@:@F ;< C8 GI@D<I8 GIL<98 EF
:FDGLK8IC<C8:FEMF:8KFI@8:FDF:FEJLD@;8
<=<:KFJ;<:XDGLKFEF:FEK89@C@Q8<CGIF:<JF;<J<C<::@XE
GL9C@:8;FGFI,<JFCL:@XE ;<;<8>FJKF)EYD<IF ;< ;<J<GK@<D9I<

E "89<I:LDGC@;F8CD<EFJLE 8WF;<K@<DGF;<J<IM@:@FJ<EJL<J:8C8:FEK8;F;<J;<JL@E:FIGFI8:@XE
8 C8 J:8C8 ;< .IFG8 F '8I@E<IV8 <E C8 =<:?8 ;< @E:FIGFI8:@XE 8C :<EKIF ;F:<EK< D@C@K8I ;< =FID8:@XE
:FII<JGFE;@<EK<

$7&#0%YYY

F &FJ D@C@K8I<J HL< K<E>8E <JK89C<:@;8 JL I<C8:@XE ;< J<IM@:@FJ GIF=<J@FE8C<J D<;@8EK< :FDGIFD@JFJ ;<
:8IT:KFI <E C8 =<:?8 ;< @E:FIGFI8:@XE 8C :<EKIF ;F:<EK< D@C@K8I ;<
=FID8:@XE

G *8I8GF;<IJFC@:@K8I8C>LE8;<C8JGC8Q8JF=<IK8;8JG8I8C8JJG<:@8C@;8;<J LE;8D<EK8C<J;<c'8E@F9I8
P(8M<>8:@XEdc-@JK<D8JdcID8JdFcFDLE@:8:@FE<JP-@JK<D8J;<#E=FID8:@XEd;<CL<IGF!<E<I8C
;< C8 ID8;8 J< ;<9<IT <JK8I <E GFJ<J@XE F <E ;@JGFJ@:@XE ;< F9K<ELI@;8;<E!I8;F)( #(#&:FE=FID<8C8(-;<C8LKFI@;8;(8:@FE8C;<-<>LI@;8;
-<ITE
8;D@K@;FJ8CFJGIF:<JFJ;<J<C<::@XECFJ8JG@I8EK<JHL<8:I<;@K<ED<;@8EK<:<IK@=@:8;F;<CFD8E;8EK<
FA<=<;<JLLE@;8;<JK8I<E:FE;@:@FE<J;<F9K<E<IC8:FE=FID<8C8(-;<C8LKFI@;8;(8:@FE8C;<
-<>LI@;8;8EK<J;<=@E8C@Q8I<C8WF
E<C:8JF;<HL<=L<I8EEFD9I8;FJ8CLDEFJKI8D@K8ITEC8
JFC@:@KL;LE8M<Q@E>I<J8;FJ<E<C:<EKIF;<=FID8:@XE
-LG<ID8E<E:@8<E<C:<EKIF;F:<EK<D@C@K8I;<
=FID8:@XE<JK8IT:FE;@:@FE8;88C8JFC@:@KL;PF9K<E:@XE;<C8:C8J@=@:8:@XEI<HL<I@;88C8=@E8C@Q8:@XE;<C8
=8J<;<=FID8:@XE><E<I8C:8LJ8E;F98A8<E<C' <E:8JF;<;<E<>8:@XE

H &FJ8CLDEFJ;<LE:<EKIF;F:<EK<D@C@K8I;<=FID8:@XEEFGF;ITEFGK8I8C8JGC8Q8J;<CD@JDFAUI:@KF
L<IGFPJ:8C8<E<CHL<:LIJ8EJLJ<JKL;@FJ

I JK8I<EGFJ<J@XE;<CJ@>L@<EK<G<I=@C<E<C@;@FD8@E>CUJF9K<E@;F<EC8J:FE;@:@FE<J<JK89C<:@;8J<EC8
)I;<E'@E@JK<I@8C ;< ;<EFM@<D9I<
@
*IF:<JF ;< J<C<::@XE G8I8 @E>I<JF J@E <O@><E:@8 ;< K@KLC8:@XE ;< .U:E@:F -LG<I@FI LE >I8;F ;<
:FEF:@D@<EKF-;<8CD<EFJLEF <EKF;FJCFJI8J>FJHL<CF:FE=FID8E

@@
*IF:<JF ;< J<C<::@XE G8I8 @E>I<JF :FE <O@><E:@8 ;< K@KLC8:@XE;<.U:E@:F-LG<I@FILE>I8;F;<
:FEF:@D@<EKFJ;<8CD<EFJ;FJ<E;FJ;<CFJI8J>FJHL<CF:FE=FID8EP;<LEF <ECFJ;FJ
I8J>FJI<JK8EK<J

@@@
&FJ8JG@I8EK<JHL<EFGFJ<8E<CG<I=@CC@E>ZVJK@:F:@K8;F;<9<ITEI<8C@Q8IC8GIL<98;<C<E>L8@E>C<J8
;<J:I@K8<EC898J<;U:@D8

E<C:8JF;<HL<<C8JG@I8EK<EFJLG<I<C8GLEKL8:@XEDVE@D8J<IT
<O:CL@;F;<CGIF:<JF;<J<C<::@XEGFIEF:LDGC@I<CI<HL@J@KF;<E@M<CC@E>ZVJK@:F

C;V8 ;<ALC@F
JK8I <E GFJ<J@XE F <E :FE;@:@FE<J ;< GFJ<LEF ;< CFJ J@>L@<EK<J KVKLCFJ F E@M<C<J ;< <JKL;@FJ J<
<EK@<E;<HL<J<<JKT<E:FE;@:@FE<J;<GFJ<<I<CKVKLCF<O@>@;F:L8E;FJ<?8P8JLG<I8;F<C:FII<JGFE;@<EK<GC8E;<
<JKL;@FJ HL< G<ID@K8 8::<;8C<JG8I8JL<OG<;@:@XE
(FJ<8;D@K@ITEK@KLC8:@FE<JG<E;@<EK<J;<?FDFCF>8:@XEF:FEM8C@;8:@XE

@
*F;ITEFGK8I8C8JGC8Q8J;<C8ID8;8L<IGF!<E<I8CbL<IGF;<#E=8EK<IV8;<'8I@E8;<CGIF:<JF
;<J<C<::@XEG8I8@E>I<JF:FE<O@><E:@8;<K@KLC8:@XE;<.U:E@:F-LG<I@FI..-CFJ8JG@I8EK<JHL<
8:I<;@K<E
/,*) -*#&# .i./&),+/,#)
;D@E@JKI8:@XE ;D@E@JKI8:@XEP=@E8EQ8J
!<E<I8C
-@JK<D8J '8EK<E@D@<EKF<C<:KIXE@:F
#E=8EK<IV8;<'8I@E8 #E=8EK<IV8;<'8I@E8 J@JK<E:@88C8@I<::@XE
@@
*F;ITEFGK8I8C8JGC8Q8J;<CAUI:@KF;<C@I<;<CGIF:<JF;<J<C<::@XEG8I8@E>I<JF:FE<O@><E:@8;<
K@KLC8:@XE;<.U:E@:F-LG<I@FI..-CFJ8JG@I8EK<JHL<8:I<;@K<E
-*#&# .i./&),+/,#)
C>LEF;<CFJJ@>L@<EK<J
*IFK<::@XE8C8 L<IQ8
PGFPF8C8J -@JK<D8J;<.<C<:FDLE@:8:@FE<J<#E=FIDTK@:FJ

;D@E@JKI8:@XE;<-@JK<D8J#E=FIDTK@:FJ<E,<;

)G<I8:@FE<J <J8IIFCCF;<GC@:8:@FE<J#E=FIDTK@:8J'LCK@GC8K8=FID8
-@JK<D8JC<:KIFKU:E@:FJPLKFD8K@Q8;FJ
;D@E@JKI8:@XE ;D@E@JKI8:@XEP @E8EQ8J

J@JK<E:@88C8@I<::@XE


E=LE:@XE;<C8K@KLC8:@XE8:I<;@K8;8GF;ITEFGK8I8LE8F8M8I@8J;<C8JGC8Q8JF=<IK8;8J

-<ITEK8D9@UEMTC@;FJKF;FJ8HL<CCFJKVKLCFJHL<K<E>8ECFJD@JDFJ<=<:KFJGIF=<J@FE8C<JP8:8;UD@:FJ
HL<CFJI<C8:@FE8;FJ<ECFJ;FJ:L8;IFJ8EK<I@FI<J:FE=FID<8CF@E;@:8;F<ECFJ:FII<JGFE;@<EK<JI<8C<J
;<:I<KFJGFICFJHL<J<<JK89C<:<E;@:?FJKVKLCFJ

.VKLCFJLE@M<IJ@K8I@FJF=@:@8C<J;<C8I8D8;<:FEF:@D@<EKF8C8HL<<JKUE8;J:I@KFJCFJKVKLCFJ;<KU:E@:F
JLG<I@FI8EK<I@FID<EK<:@K8;FJ8<JKFJ<=<:KFJJ<:FEJ@;<I8ITEC8JI<C8:@FE<JHL<=@>LI8E<E<C8E<OF
9
;<C,<8C<:I<KF ;< ;<EFM@<D9I<JF9I<I<:FEF:@D@<EKF;<<JKL;@FJ<E<CTD9@KF;<C8
;L:8:@XE-LG<I@FI

$7&#0%YYY


@@@
*8I8 <C GIF:<JF ;< J<C<::@XE G8I8 @E>I<JF J@E <O@><E:@8 ;< K@KLC8:@XE ;< .U:E@:F -LG<I@FI CFJ
8JG@I8EK<JK<E;ITEHL<FGK8IJXCFGFILE8;<C8JKI<JMV8J;<8::<JFHL<J<;<K8CC8E8:FEK@EL8:@XEP
G8I8C8:L8C;<9<ITE8:I<;@K8I

0V8;<8::<JF8
CKVKLCF;<98:?@CC<I<JK89C<:@;F<E<C8IKV:LCF;<C8&<P)I>TE@:8;<;<D8PFF<EC8&TE@:8 ;<;<F:KL9I<F<C:<IK@=@:8;F<JK89C<:@;F<E<C,<8C<:I<KF ;<;<
;@:@<D9I<HL<8:I<;@K<?89<IJLG<I8;FKF;8JC8JD8K<I@8J;<C8:?@CC<I8KF

0V8;<8::<JF9
/EKVKLCF;<.U:E@:F;<!I8;F'<;@FHL<;<9<ITJ<I;<C8D@JD8=8D@C@8GIF=<J@FE8CHL<:FEK<E>8<C
KVKLCF ;< KU:E@:F JLG<I@FI I<HL<I@;F G8I8 C8 @E:FIGFI8:@XE 8 C8 <J:8C8 P G8I8 C8 8;HL@J@:@XE ;< C8
<JG<:@8C@;8;=LE;8D<EK8CHL<:8;88JG@I8EK<?8P8JFC@:@K8;F

0V8;<8::<JF:
"89<IJLG<I8;FC8GIL<98;<8::<JF8:@:CFJ=FID8K@MFJ;<>I8;FJLG<I@FIJ@<DGI<HL<C8J
D8K<I@8J ;< C8 G8IK< <JG<:V=@:8 ;< C8 :@K8;8 GIL<98 ;<E FG:@XE ;< 8::<JF 8 C8J =8D@C@8J
GIF=<J@FE8C<J HL< :FEK<E>8E KVKLCFJ ;< KU:E@:F JLG<I@FI ;< CFJ I<HL<I@;FJ G8I8 C8
@E:FIGFI8:@XE 8 C8 <J:8C8 P G8I8 C8 8;HL@J@:@XE ;< C8 <JG<:@8C@;8; =LE;8D<EK8C HL< :8;8
8JG@I8EK<?8P8JFC@:@K8;F

"89<IJLG<I8;FC8GIL<98;<8::<JF8C8LE@M<IJ@;8;G8I8D8PFI<J;<8WFJ8C8HL<?8:<
I<=<I<E:@8<C8IKV:LCF
;<C8&<P)I>TE@:8;<;<D8PF

"89<IJLG<I8;F<CJ<>LE;F:LIJF;<:L8CHL@<IDF;8C@;8;;<8:?@CC<I8KFOG<I@D<EK8C

"89<IJLG<I8;F<C:LIJF;<FI@<EK8:@XELE@M<IJ@K8I@8FGI<LE@M<IJ@K8I@F

JK8I<EGFJ<J@XE;<CKVKLCF;<.U:E@:FJG<:@8C@JK8.U:E@:F-LG<I@FIF<HL@M8C<EK<8<=<:KFJ
8:8;UD@:FJ

JK8I<EGFJ<J@XE;<LE8K@KLC8:@XELE@M<IJ@K8I@8F<HL@M8C<EK<

FDGIF98:@XE;<I<HL@J@KFJP;F:LD<EK8:@XE;LI8EK<<CGIF:<JF

/E8M<Q8;D@K@;FJ8CGIF:<JF;<J<C<::@XEJ@<E<CKI8EJ:LIJF;<CD@JDFP?8JK8C8=<:?8;<GI<J<EK8:@XE
<E <C :<EKIF ;F:<EK< D@C@K8I ;< =FID8:@XE ;< CFJ 8JG@I8EK<J GIFGL<JKFJ G8I8 @E>I<J8I :FDF 8CLDEFJ J<
:FDGIF98I8 HL< :L8CHL@<I8 ;< <CCFJ :8I<:< F EF I<YE< 8C>LEF ;< CFJ I<HL@J@KFJ <O@>@;FJ <E <JK8
:FEMF:8KFI@8 <C jI>8EF ;< -<C<::@XE 8:FI;8IT JL <O:CLJ@XE
@:?8 G<IJFE8 G<I;<IT CFJ ;<I<:?FJ ;<
G8IK@:@G8:@XEHL<;8E;F8ELC8;8JKF;8JC8J8:KL8:@FE<J8JV:FDFCFJ;<I<:?FJF<OG<:K8K@M8J;<I@M8;FJ
;<JL:FE;@:@XE;<8JG@I8EK<F;<C?<:?F;<?89<IJLG<I8;F<CGIF:<JF;<J<C<::@XE

@;@:?8@E=FID8:@XEJ<:FEF:@<I8LE8M<QEFD9I8;FJ8CLDEFJF;LI8EK<<C;<J8IIFCCF;<JL=FID8:@XEJ<IT
-
GIFGL<JK8JL98A8GFI<C@I<:KFI;<C:<EKIF;F:<EK<D@C@K8I;<=FID8:@XE:FII<JGFE;@<EK<:FE8II<>CF8C
GIF:<;@D@<EKF C<>8CD<EK< <JK89C<:@;F P J@E G<IAL@:@F ;< C8J I<JGFEJ89@C@;8;<J <E HL< GL;@<I8 ?89<I
@E:LII@;F

.8EKFC8<O:CLJ@XE;<CGIF:<JF;<J<C<::@XE:FDFC898A8<E<C:<EKIF;F:<EK<PGUI;@;8;<C8:FE;@:@XE;<
8CLDEFCFJ<ITEJ@EG<IAL@:@F;<C8JGFJ@9C<JI<JGFEJ89@C@;8;<J;<FKI8VE;FC<<EC8JHL<?L9@<I8GF;@;F
@E:LII@IC8G<IJFE8@EK<I<J8;8

.<I:<I8
&3)!"*,"-"(. %7(!"&--)&% %./!"-!"!'%-%7(&)-*,) "-)-!"-"&" %7(
CGC8QF;<GI<J<EK8:@XE;<JFC@:@KL;<JJ<IT;<:>37-/ ;V8JE8KLI8C<J:FEK8;FJ8G8IK@I;<C;V8J@>L@<EK<
8C;<C8GL9C@:8:@XE;<<JK8,<JFCL:@XE<E<C_FC<KVE)=@:@8C;<C'@E@JK<I@F;<<=<EJ8`


$7&#0%YYY
L8IK8
*),. %7(!"!) /'"(. %7(

&FJ 8JG@I8EK<J HL< ;<J<<E G8IK@:@G8I <E CFJ GIF:<JFJ ;< J<C<::@XE ;< <JK8 ,<JFCL:@XE ;<9<ITE 8GFIK8I C8
J@>L@<EK<;F:LD<EK8:@XE<ECFJGC8QFJ@E;@:8;FJ
!;/</7=+-3I7./7=;8./595+B8/<=+,5/-3.8/75+,+</=/;-/;+
$853-3=>../+.63<3I79F7.3-/
*8I8J<I8;D@K@;FJ8CFJGIF:<JFJ;<J<C<::@XECFJ8JG@I8EK<J;<9<ITE:LDGC@D<EK8IF;<J:8I>8IC8JFC@:@KL;
;<8;D@J@XE8CGIF:<JF;<J<C<::@XE;@I<:K8D<EK<;<J;<C8GT>@E8;<@EKI8E<K?KKG@EKI8;<=
D;<=
<JGFIK8C
J@>L@<E;F C8 ILK8 c*<IJFE8C b *<IJFE8C D@C@K8I b ,<:CLK8D@<EKF hI<8 ;< GIF:<JFJ ;< J<C<::@XE b b
*IF:<JF;<J<C<::@XEG8I8@E>I<JFGFIGIFDF:@XE8C8J:8C8;<-L9F=@:@8C<Jd
*8I8J<I8;D@K@;FJ8CGIF:<JF;<J<C<::@XECFJ8JG@I8EK<J;<9<ITE8GFIK8IC8JFC@:@KL;ALEKF:FE<CI<JKF;<C8
;F:LD<EK8:@XED<;@8EK<<CGIF:<;@D@<EKF@E;@:8;F<E<C8G8IK8;F;<<JK898J<

&8JFC@:@KL;;<G8IK@:@G8:@XECC<M8:FEJ@>FC8;<:C8I8:@XE98AFALI8D<EKFFGIFD<J8;<HL<CFJ8JG@I8EK<J
:LDGC<E:FECFJI<HL@J@KFJ:;<P=<OGI<J8;FJ<E<CGLEKF

;<C898J<J<>LE;8

C'@E@JK<I@F;<<=<EJ8JFC@:@K8IT;<F=@:@F8C,<>@JKIF<EKI8C;<*<E8;FJC8:<IK@=@:8:@XE:FDGIF98:@XE
FM<I@=@:8:@XE;<HL<:8I<:<;<8EK<:<;<EK<JG<E8C<J
-@FGK8GFIFGFE<IJ<8<CCF;<9<IT8GFIK8IALEKF
:FEC8;F:LD<EK8:@XE;<JFC@:@KL;<C:<IK@=@:8;F;<HL<:8I<:<;<8EK<:<;<EK<JG<E8C<J<OG<;@;FGFI<C
,<>@JKIF<EKI8C;<*<E8;FJ:LP8=<:?8;<<OG<;@:@XE;<9<ITJ<IGFJK<I@FI8C8=<:?8;<GL9C@:8:@XE;<
C8GI<J<EK<:FEMF:8KFI@8

8JFG:@FE<J;<@E>I<JFD8E@=<JK8;8J<E<C8G8IK8;Fc)*#)(-#(!,-)d;<C8JFC@:@KL;JXCFGF;ITE
&
J<IDF;@=@:8;8JF8ELC8;8JGFIC8G<IJFE8@EK<I<J8;8P<O:CLJ@M8D<EK<;<EKIF;<CGC8QF;<GI<J<EK8:@XE;<
C8JFC@:@KL;
*8I8<CCFJ<JFC@:@K8ITC8:FII<JGFE;@<EK<8ELC8:@XEFJ<I<8C@Q8ITFKI8JFC@:@KL;HL<8ELC8ITC8
8EK<I@FI
J@D@JDFHL@<EEF:LDGC@D<EK<E@E>LE8FG:@XE;<@E>I<JFJ<IT<O:CL@;F;<CGIF:<JF;<J<C<::@XE

C8G8IK8;Fc&,#j(*, ,(#-#(!,-)d;<9<ITJ<I:LDGC@D<EK8;FGFI8HL<CCFJ
8JG@I8EK<JHL<JFC@:@K<EG8IK@:@G8I<EDTJ;<LEGIF:<JF;<J<C<::@XEG8I8@E>I<JF<ECFJ:<EKIFJ;F:<EK<J
D@C@K8I<J;<=FID8:@XE
E<C:8JF;<HL< C8G<IJFE8@EK<I<J8;8K<E>8;<I<:?F8F9K<E<IGC8Q8<EM8I@FJ
GIF:<JFJ;<J<C<::@XEP?8P8;<:C8I8;F;@=<I<EK<JGI<=<I<E:@8J;<@E>I<JF<EM8I@8JJFC@:@KL;<JK<E;ITM8C@;<Q
<CFI;<E;<GI<=<I<E:@8D8E@=<JK8;F<EC8YCK@D8JFC@:@KL;;<8;D@J@XEHL<J<?8P8I<>@JKI8;F
@:?FFI;<EJ<
GF;IT DF;@=@:8I ;<EKIF ;<C GC8QF <JK89C<:@;F G8I8 C8 GI<J<EK8:@XE ;< JFC@:@KL;<J
*8I8 <CCF C8 G<IJFE8
@EK<I<J8;8;<9<ITI<D@K@I@EJK8E:@8GFI<J:I@KF8C@I<:KFI;<EJ<W8EQ8I<JG<:K@MF:FEJ@>E8E;FJLEFD9I<
8G<CC@;FJP(# ,<JFCL:@XE;<<JK8:FEMF:8KFI@8PCL>8I=<:?8P=@ID8

E :LDGC@D@<EKF 8 C8 &TE@:8 ;< ;< ;@:@<D9I< ;< *IFK<::@XE ;< 8KFJ *<IJFE8C<J P
>8I8EKV8 ;< CFJ ;<I<:?FJ ;@>@K8C<J J< @E=FID8 HL< CFJ ;8KFJ =8:@C@K8;FJ GFI :8;8 8JG@I8EK< J<ITE
@E:FIGFI8;FJ 8C ,<>@JKIF ;< KI8K8D@<EKF ;< 8KFJ ;< 8IT:K<JK@FE8IJLG8IK@:@G8:@XE<E<CGI<J<EK<GIF:<JF;<J<C<::@XE

-@ CFJ 8JG@I8EK<J CF ;<J<8E GF;ITE <A<I:@K8I JLJ ;<I<:?FJ ;< GIFK<::@XE ;< ;8KFJ <E CFJ KUID@EFJ
<JK89C<:@;FJ <E <C ,<>C8D<EKF !<E<I8C ;< *IFK<::@XE ;< 8KFJ 8EK< C8 -L9;@I<::@XE !<E<I8C ;<
,<:CLK8D@<EKFP)I@<EK8:@XE&89FI8C hI<8;<GIF:<JFJ;<J<C<::@XE *8J<F;<C88JK<CC8E8
'8;I@;
#>L8CD<EK< GL<;<E <A<I:@K8IJ< <JKFJ ;<I<:?FJ 8EK< <C <C<>8;F ;< *IFK<::@XE ;< 8KFJ ;<C
'@E@JK<I@F;<<=<EJ8<EC8;@I<::@XE'@E@JK<I@F;<<=<EJ8]GC8EK8*8J<F;<C88JK<CC8E8EYD<IF
'8;I@;

8./587<=;>--387/<9+;+5+53:>3.+-3I7./=+<+<././;/-28<.//@+6/79F7.3-/

<9<IT 8::<;L@<E;F C8J @EJKIL::@FE<J ;<C
GUE;@:<

EE@E>YE:8JFC8GI<J<EK8:@XE;<CDF;<CF<C89FEF;<C8K8J8F<CI<>@JKIF<C<:KIXE@:FF9K<E@;F8
KI8MUJ;<<JK8GC8K8=FID8JLGFE;ITC8JLJK@KL:@XE;<CKITD@K<;<GI<J<EK8:@XE<EK@<DGFP=FID8;<C8
JFC@:@KL;;<8;D@J@XE8KI8MUJ;<C8-<;<C<:KIXE@:8;<C'@E@JK<I@F;<<=<EJ8HL<J<<JK89C<:<<E<C
GLEKF

;<<JK898J<

CDF;<CFEF<JC8JFC@:@KL;;<8;D@J@XE8CFJGIF:<JFJ;<J<C<::@XEJ@EFHL<:FDGC<D<EK88UJK88C
ALJK@=@:8I<C89FEF;<CFJ;<I<:?FJ;<<O8D<E

E:L8CHL@<I:8JF8LE:L8E;F<JKU<O<EKFFK<E>8;<I<:?F8I<;L::@XE;<9<ITKI8D@K8I<C:FII<JGFE;@<EK<
DF;<CF

(F89FE8IC8K8J8;<CFJ;<I<:?FJ;<<O8D<E8EK<J;<C8=@E8C@Q8:@XE;<CGC8QF;<GI<J<EK8:@XE;<JFC@:@KL;<J
;<K<ID@E8ITC8<O:CLJ@XE;<=@E@K@M8;<C8JG@I8EK<

$7&#0%YYY

<:FE=FID@;8;:FECF<JK89C<:@;F<E<C8IKV:LCF ;<C8&@;F:L8E;FEFJ<I<8C@:<JL?<:?F
@DGFE@9C<GFI:8LJ8JEF@DGLK89C<J8CJLA<KFG8J@MF
*FIK8EKFEFGIF:<;<IT;<MFCL:@XE8C>LE8;<CFJ
;<I<:?FJ;<<O8D<E<ECFJJLGL<JKFJ;<<O:CLJ@XEF<C@D@E8:@XE ;<C8JGIL<98JJ<C<:K@M8JGFI:8LJ8
@DGLK89C<8C8G<IJFE8@EK<I<J8;8

E8HL<CCFJ:8JFJ<EHL<:FE8II<>CF8CF;@JGL<JKF<EC8EFID8K@M8M@><EK<GIF:<;8C8;<MFCL:@XE;<
@E>I<JFJ@E;<9@;FJ;<C8K8J8J<ITE<:<J8I@FG8I8@EJK8I8C8;<MFCL:@XEJFC@:@KL;<OGI<J8;<C8G<IJFE8
@EK<I<J8;8<EC8HL<;<9<ITE=@>LI8I@E<O:LJ89C<D<EK<CFJJ@>L@<EK<J;8KFJEFD9I<P8G<CC@;FJ(#
;FD@:@C@F<#(:FEEYD<IF;<:L<EK8M<@EK<;V>@KFJ<E;FE;<?8;<I<8C@Q8IJ<C8KI8EJ=<I<E:@898E:8I@8
;< ;<MFCL:@XE 8:FDG8W8E;F 8C FI@>@E8C <C ALJK@=@:8EK< ;< G8>F HL< :FEK<E>8 <C EYD<IF ;< I<=<I<E:@8
:FDGC<KF(,J@J<?889FE8;FK<C<DTK@:8D<EK<F<C_<A<DGC8IG8I8<C@EK<I<J8;F`;<C@DGI<JFDF;<CF
J@J<?889FE8;FGI<J<E:@8CD<EK<

&8KI8D@K8:@XE;<C<OG<;@<EK<;<;<MFCL:@XE;<K8J8JJ<@E@:@8ITGFJK<I@FID<EK<8C8GL9C@:8:@XE;<C8J
C@JK8J;<=@E@K@M8J;<8JG@I8EK<J8;D@K@;FJP<O:CL@;FJ8CFJGIF:<JFJ;<J<C<::@XE;<<JK8:FEMF:8KFI@8

%3=>5+-3I7/@313.+
<9<IT8GFIK8I:FG@8:FDGLCJ8;8;<C;F:LD<EKFF=@:@8CP;<=@E@K@MFF:FG@8<C<:KIXE@:88LKUEK@:8;<CD@JDF
HL<8:I<;@K<C8K@KLC8:@XE<O@>@;8<EC8:FEMF:8KFI@8F;F:LD<EKFHL<8:I<;@K<?89<I:LDGC@;FCFJKITD@K<J
C<>8C<JG8I8JL<OG<;@:@XEG8>F;<K8J8J;<<OG<;@:@XE;<CKVKLCF

E <C :8JF ;< 8::<;8C8EFK8D<;@8;<C<OG<;@<EK<8:8;UD@:F

E<C:8JF;<8::<;<I:FELEKVKLCF;<.U:E@:F;<=FID8:@XEGIF=<J@FE8C<CKVKLCFF:<IK@=@:8:@XE
8:8;UD@:8<E<CHL<J<<OGI<J<C8EFK8D<;@8;<CKVKLCF

E <C :8JF ;< 8::<;I8;F JLG<I@FI
:<IK@=@:8:@XE;<JLG<I8:@XE;<C8GIL<98;<8::<JF:FE<OGI<J@XE;<C8GLEKL8:@XEF9K<E@;8<E
C8D@JD8P=8D@C@8JGIF=<J@FE8C<J8C8JHL<G<ID@K<<C8::<JF

E <C :8JF ;< 8::<;<I :FE FKIF KVKLCF :<IK@=@:8:@XE 8:8;UD@:8 <E C8 HL< J< 8:I<;@K<E C8J
:8C@=@:8:@FE<JF9K<E@;8J<EKF;8JC8JD8K<I@8J;<CD@JDF

8J:FG@8J<C<:KIXE@:8J8LKUEK@:8J;<CFJ;F:LD<EKFJJFC@:@K8;FJ;<9<ITEJ<II<8C@Q8;8JGFIC8J<:I<K8IV8;<C
&
:<EKIF;F:<EK<HL<<D@K@XCFJFI@>@E8C<J
&8J:FG@8J:FDGLCJ8;8J;<CFJ;F:LD<EKFJJFC@:@K8;FJ8;<DTJ;<
GFI C8 J<:I<K8IV8 ;<C :<EKIF ;F:<EK< GF;ITE J8;FJ;<C8JF=@:@E8J;<I<>@JKIF;<C8;D@E@JKI8:@XE!<E<I8C;<CJK8;FP;<JLJ)I>8E@JDFJGY9C@:FJ

CJ<CCFF8:I<;@K8:@XE;<C8J:FDGLCJ8J<OGI<J8ITC8=<:?8<EHL<J<GI8:K@:X8JV:FDFC8@;<EK@=@:8:@XE;<C
XI>8EFP;<C8G<IJFE8HL<C8J<OG@;<E

E<C:8JF;<K@KLC8:@FE<JF9K<E@;8J<E<C<OKI8EA<IFJ<;<9<IT8:I<;@K8IJL?FDFCF>8:@XEF=@:@8CP;<=@E@K@M8
EF8:<GK8E;FGIF:<;@D@<EKFJG<E;@<EK<J;<I<JFCL:@XEF9K<E@;8UJK8D<;@8EK<:I<;<E:@8C<OG<;@;8GFI<C
'@E@JK<I@F;<;L:8:@XEP FID8:@XE*IF=<J@FE8C:FE=FID<8CF;@JGL<JKF<E<C,<8C<:I<KF ;<
;<EFM@<D9I<GFI<CHL<J<<JK89C<:<ECFJI<HL@J@KFJP<CGIF:<;@D@<EKFG8I8C8?FDFCF>8:@XEP;<:C8I8:@XE
;< <HL@M8C<E:@8 8 K@KLC8:@XE P 8 E@M<C 8:8;UD@:F LE@M<IJ@K8I@F F=@:@8C P G8I8 C8 :FEM8C@;8:@XE ;< <JKL;@FJ
<OKI8EA<IFJ;<<;L:8:@XEJLG<I@FIP<CGIF:<;@D@<EKFG8I8;<K<ID@E8IC8:FII<JGFE;<E:@88CFJE@M<C<J;<C
D8I:F<JG8WFC;<:L8C@=@:8:@FE<JG8I8C8<;L:8:@XEJLG<I@FI;<CFJKVKLCFJF=@:@8C<J;<IHL@K<:KF#E><E@<IF
&@:<E:@8;FIHL@K<:KF.U:E@:F#E><E@<IF.U:E@:FP@GCFD8;F

/;=303-+.8 ./5 ;/<>5=+.8 ./ 5+< 9;>/,+< +7+5G=3-+< ./ ./=/--3I7 ./ -87<>68 ./ <><=+7-3+<
9<3-8=;I93-+<9F7.3-/
&FJ8JG@I8EK<J;<CAUI:@KF;<.@<II8P;<CAUI:@KF;<C@I<;<9<ITE8GFIK8I<C:<IK@=@:8;F;<C$<=<;</E@;8;
<EKIFL)I>8E@JDF/);<;<JK@EF;<G<E;<E:@8:FE<CI<JLCK8;F;<C8JGIL<98J8E8CVK@:8J;<;<K<::@XE
;<:FEJLDF;<JLJK8E:@8JGJ@:FKIXG@:8JF;IF>8JI<8C@Q8;8J;<EKIF;<CG<IVF;F;<LE8WF@ED<;@8K8D<EK<
8EK<I@FI8C8=<:?8CVD@K<;<GI<J<EK8:@XE;<JFC@:@KL;<JJ<>YECF<JK89C<:@;F<E<C##*C8E;<<K<::@XE;<
IF>8J<EC8J L<IQ8JID8;8J;<=<9I<IF;< ;<C8-L9J<:I<K8IV8;<<=<EJ8

&8-<::@XE;<-<>LI@;8;(8M8C<EKI8C--(8GFIK8IT<JK<:<IK@=@:8;F<E<C:8JF;<CFJ8JG@I8EK<J;<C8
ID8;8

/;=303-+.8./5/0/./& ././<=378./9/7./7-3+
&FJ8JG@I8EK<J;<CAUI:@KF;<.@<II8P;<CAUI:@KF;<C@I<;<9<ITE8:I<;@K8ICFHL<<O@><C898J<J<>LE;8
8G8IK8;F
C<KI8B

&8$<=8KLI8;<*<IJFE8C;<C8ID8;88GFIK8IT<JK<:<IK@=@:8;F<E<C:8JF;<JLJ8JG@I8EK<J

$7&#0%YYY

893+./5+284+1/7/;+5./</;?3-38<+-=>+53B+.+
-FC8D<EK<G8I8CFJ8JG@I8EK<J;<CAUI:@KF;<.@<II8P;<CAUI:@KF;<C@I<
<9<ITJ<II<D@K@;8GFICFJ
$<=<J;</E@;8;<EKIFL)I>8E@JDF/);<;<JK@EF;<G<E;<E:@8<E<C:8JF;<HL<C8/);@JGFE>8
;<D<;@FJ<OG<;@;8<E=<:?8GFJK<I@FI8C8GL9C@:8:@XE;<C8:FEMF:8KFI@8P8EK<J;<HL<=@E8C@:<<CGC8QF
;<8;D@J@XE;<JFC@:@KL;<J<OKI8V;8;<C-@JK<D8;<#E=FID8:@XE;<*<IJFE8C;<<=<EJ8-#*, <E
JL:8JF:FEEFK8;<I<G8IFJPKF;F<CCF:<IK@=@:8;FGFI<C$<=<;<"FA8J;<-<IM@:@F:FE<C0^^;<C$<=<
;<JL/)P<C:FE=FID<;<C8JG@I8EK<

&8$<=8KLI8;<*<IJFE8C;<C8ID8;88GFIK8IT<JK<:<IK@=@:8;F<E<C:8JF;<JLJ8JG@I8EK<J

+,353=+-3I7!/;<87+5./$/1>;3.+.
F:LD<EKFF=@:@8C8:I<;@K8K@MF;<C8"89@C@K8:@XE*<IJFE8C;<-<>LI@;8;F:<IK@=@:8;F;<<JK8I<E;@JGFJ@:@XE
;<F9K<E<IC88EK<J;<C8=@E8C@Q8:@XE;<C8WF J<>YECF<JK89C<:@;F<EC898J<J<>LE;88G8IK8;F

C<KI8G

F;3=8<+?+58;+;/75+0+</./-87->;<8
-< M8CFI8ITE 8HL<CCFJ DUI@KFJ HL< J< GFJ<8E <E C8 =<:?8 <E HL< =@E8C@Q8 <C GC8QF ;< GI<J<EK8:@XE ;<
JFC@:@KL;<J

@:?FJDUI@KFJ;<9<ITE<JK8IALJK@=@:8;FJD<;@8EK<;F:LD<EKFJFI@>@E8C<JF:FG@8J<C<:KIXE@:8J8LKUEK@:8JF
:FDGLCJ8;8JF<EJL:8JF8EFK8;FJ<E-#*,
(FJ<ITF9A<KF;<M8CFI8:@XEE@E>LE8:FG@8HL<:8I<Q:8
;< ;@C@><E:@8 ;< :FDGLCJ8
-@ KI8EJ:LII@;F <C GC8QF ;< GI<J<EK8:@XE ;< JFC@:@KL;<J EF J< ;@JGLJ@<I8 ;< C8
ALJK@=@:8:@XE;<8C>YEDUI@KFUJK8J<GF;ITGI<J<EK8I<E<CGC8QFD8I:8;FGFI<C8G8IK8;F
;<<JK898J<

E C8 M8CFI8:@XE ;< CFJ <JKL;@FJ LE@M<IJ@K8I@FJ JXCF J< :FEJ@;<I8IT C8 :<IK@=@:8:@XE F=@:@8C <OG<;@;8 GFI C8
8:LCK8; J:L<C8 .U:E@:8 F <EKIF ;F:<EK< :FII<JGFE;@<EK< ;FE;< =@>LI<E C8J 8J@>E8KLI8J :IU;@KFJ P
:8C@=@:8:@FE<JELDUI@:8JHL<:FII<JGFE;8E8:8;8LE8;<<CC8J

!;/</7=+-3I7+7=/<./5373-38./5+9;36/;+9;>/,+58<6F;3=8<:>/78</2+A+798.3.84><=303-+;
/75+0/-2+./9;/</7=+-3I7./<853-3=>./<
!;/</7=+-3I7+7=/<./5373-38./5+9;36/;+9;>/,+0G<3-+/;=303-+.8F.3-8 03-3+59F7.3-/
&FJ8JG@I8EK<J;<9<ITE8GFIK8I<C;V8HL<J<C<?8P88J@>E8;FG8I8I<8C@Q8IC8JGIL<98J=VJ@:8JLEF;<
CFJ ;FJ DF;<CFJ ;< _<IK@=@:8;F 'U;@:F )=@:@8C` HL< =@>LI8 <E <C 8GUE;@:<
E <C DF;<CF ;< :<IK@=@:8;F
DU;@:FHL<J<8GI<J<EK8;F;<CFJ;FJG<ID@K@;FJ;<9<IT=@>LI8I M/@9;/<+6/7=/NHL<<C8JG@I8EK<cJ<
<E:L<EKI8:8G8:@K8;F=VJ@:8D<EK<G8I8C8I<8C@Q8:@XE;<GIL<98J;<8GK@KL;=VJ@:8:FEJ@JK<EK<J<E<A<I:@:@FJ
;<*FK<E:@8;<KI<E@E=<I@FI*FK<E:@8;<KI<EJLG<I@FI0<CF:@;8;:8II<I8;<D<KIFJ,<J@JK<E:@8:8II<I8
;< D<KIFJ-FCKLI88:LTK@:8D<KIFJP>@C@;8;d

C_:<IK@=@:8;FDU;@:FF=@:@8C`;<9<IT?89<IJ<<OG<;@;F;<EKIF;<CFJKI<@EK8;V8J8EK<I@FI<J8C;V8;<C8
I<8C@Q8:@XE;<C8JGIL<98J=VJ@:8JJ@<E;F<CjI>8EF;<-<C<::@XE<CI<JGFEJ89C<;<<=<:KL8IC8:FDGIF98:@XE
;<JLM8C@;<Q8EK<J;<C@E@:@F;<CFJ<A<I:@:@FJ;<HL<:FEJK8C8GIL<98
E:8JF;<8GI<:@8IJ<:L8CHL@<I;<=<:KF
;< C@K<I8C@;8; <E <C <IK@=@:8;F 'U;@:F )=@:@8C ;< 8C>LEF ;< CFJ 8JG@I8EK<J <C jI>8EF ;< -<C<::@XE GF;IT
8:FI;8IC8I<8C@Q8:@XE;<C8JGIL<98J=VJ@:8J<EC8K8E;8;<@E:@;<E:@8JLE8M<QJL9J8E8;FJCFJ;<=<:KFJ;<
=FID8 8GI<:@8;FJ
J@D@JDF CFJ 8JG@I8EK<J HL< GI<J<EK<E <C <IK@=@:8;F 'U;@:F )=@:@8C J@E C8 =@ID8 ;<C
=8:LCK8K@MFFHL<EF?8P8J@;F<OG<;@;F;<EKIF;<CFJKI<@EK8;V8J8EK<I@FI<J8C;<I<8C@Q8:@XE;<C8JGIL<98J
=VJ@:8JHL<;8ITE<O:CL@;FJ;<CGIF:<JF;<J<C<::@XEPG<I;<ITECFJ;<I<:?FJ;<G8IK@:@G8:@XE

!;/</7=+-3I72+<=+/5.G+ ./4>538
FG@8:FDGLCJ8;8;<C;F:LD<EKFF=@:@8CP;<=@E@K@MFF:FG@8<C<:KIXE@:88LKUEK@:8;<CD@JDFHL<8:I<;@K<?89LE;8

;<8:L<I;F:FEC8JGC8Q8JJFC@:@K8;8J

&8J :FG@8J <C<:KIXE@:8J 8LKUEK@:8J ;< CFJ ;F:LD<EKFJ JFC@:@K8;FJ ;<9<ITE J@E8C<J
&8J :FG@8J :FDGLCJ8;8J 8;<DTJ ;< GFI C8J J<:I<K8IV8J GF;ITE J8;FJ;<C8JF=@:@E8J;<I<>@JKIF;<C8;D@E@JKI8:@XE
!<E<I8C;<CJK8;FP;<JLJ)I>8E@JDFJGY9C@:FJ
CJ<CCFF8:I<;@K8:@XE;<C8J:FDGLCJ8J<OGI<J8ITC8=<:?8<E
HL<J<GI8:K@:8IFE8JV:FDFC8@;<EK@=@:8:@XE;<CXI>8EFP;<C8G<IJFE8HL<C8J<OG@;<E

E<C:8JF;<<JK8I<E:FE;@:@FE<J;<GFJ<<ILE;<K<ID@E8;FKVKLCFJ<8GFIK8IT<C;F:LD<EKFHL<8:I<;@K<?898C<JG8I8JL<OG<;@:@XEG8>F;<K8J8J;<<OG<;@:@XE

E<C:8JF;<K@KLC8:@FE<JF9K<E@;8J<E<C<OKI8EA<IFJ< ;<9<IT8:I<;@K8IJL?FDFCF>8:@XEF=@:@8CP;<=@E@K@M8
F9K<E@;8:FE=FID<8CF;@JGL<JKF<EC8EFID8K@M8M@><EK<EF8:<GK8E;FGIF:<;@D@<EKFJG<E;@<EK<J;<I<JFCL:@XE

$7&#0%YYY


CGIF:<;@D@<EKFG8I8C88GFIK8:@XE;<;F:LD<EK8:@XEJ<IT<CJ@>L@<EK<

&FJ$<=<J;</E@;8;;<;<JK@EF;<G<E;<E:@8:LIJ8ITEC8JFC@:@KL;;<8;D@J@XEP<CI<JKF;<C8;F:LD<EK8:@XE
8GFIK8;8GFIC8G<IJFE8@EK<I<J8;8;@I<:K8D<EK<A./6+7/;+37.3?3.>+5P8:KL8ITEGI<=<I<EK<D<EK<;<C8
J@>L@<EK<=FID8
&8JFC@:@KL;GI<J<EK8;8GFI<C8JG@I8EK<J<IT;<9@;8D<EK<I<>@JKI8;8PJ<CC8;8

&8 JFC@:@KL; I<>@JKI8;8 P CFJ ;F:LD<EKFJ <E G8G<C FI@>@E8C<J J@E >I8G8J :C@GJ <K:
HL< C<
8:FDG8W<E;<9<ITEJ<I;@>@K8C@Q8;FJ<ELEJFCF=@:?<IF<E=FID8KF* :FELE8I<JFCL:@XEDVE@D8
;<GGG;<D8E<I8HL<GFI:8;8;F:LD<EKF8GFIK8;FJ<F9K<E>8LE8@D8><E<C<:KIXE@:8
-<
;<9<:FDGIF98IC8M8C@;<Q;<C8J@DT><E<J<C<:KIXE@:8JI<JLCK8EK<J;<DF;FHL<C8:FG@8;@>@K8CJ<8
=@<CI<=C<AF;<CFI@>@E8CGL<;8E8GI<:@8IJ<<EJLKFK8C@EK<>I@;8;K8EKF<C8EM<IJF:FDF<CI<M<IJFP
G<ID@K8JL><JK@XE:FDFGIL<98;F:LD<EK8C

/E8M<Q;@>@K8C@Q8;FJCFJ;F:LD<EKFJCFJHL<EF;@JGFE>8E;<LEX;@>F-<>LIF;<0<I@=@:8:@XE
-0;<9<ITEJ<I=@ID8;FJ<C<:KIXE@:8D<EK<LJ8E;FC8.8IA<K8C<:KIXE@:8;<C'@E@JK<I@F;<<=<EJ8
.'GFI<CI<GI<J<EK8EK<;<C8/);<;<JK@EFG8I8;8IM8C@;<QALIV;@:88CGIF:<JFP:FE=@ID8I
HL<CF<J:8E<8;F<J:FE=FID<:FE<CFI@>@E8C<EG8G<C

.F;8C8;F:LD<EK8:@XE8JV><E<I8;8PC8<C<:KIXE@:8HL<GL;@<I88GFIK8IC8G<IJFE8@EK<I<J8;8J<
:LIJ8IT;@I<:K8D<EK<P;<D8E<I8@E;@M@;L8CJ@E<JG<I8I88:LDLC8IC8:FEFKI8J8KI8MUJ;<C-@JK<D8
;<'<EJ8A<IV8C<:KIXE@:8;<C'@E@JK<I@F;<<=<EJ8-#'( FJ@D@C8I8C@I<:KFI;<C8:8;<D@8
!<E<I8CTJ@:8;<-L9F=@:@8C<J8CFD8E;8EK<@I<:KFI;<C8J:L<C8;<-L9F=@:@8C<J;<C8ID8;8
F8C@I<:KFI;<EJ<W8EQ8;<CAUI:@KF;<C@I<;<MFCM@<E;F<CFI@>@E8C8CFJJFC@:@K8EK<J
E<C8JLEKF
;<CF=@:@F;<I<D@J@XEJ<@E;@:8ITGFI<JK<FI;<ECFJ8G<CC@;FJEFD9I<P(#;<CJFC@:@K8EK<G
<

J@EGLEKFJPJ@E<JG8:@FJPCFJ:X;@>FJ;<GIF:<JFJ<ECFJHL<JFC@:@K8J<I8;D@K@;F
GF;ITI<D@K@I<ELEYE@:F-#'( C8;F:LD<EK8:@XE;<M8I@FJGIF:<JFJJ@JFE;<J8IIFCC8;FJGFI
<CD@JDFXI>8EF;<J<C<::@XE

O:<G:@FE8CD<EK< J@ <E C8 /) EF J< ;@JGFE< ;< .' <E M@>FI G8I8 I<8C@Q8I C8 :FDGLCJ8
<C<:KIXE@:8 ;< CFJ ;F:LD<EKFJ J< I<D@K@ITE C8J :FG@8J :FDGLCJ8;8J ;< CFJ D@JDFJ <E G8G<C GFI
:FII<F8C8HL<:FII<JGFE;8;<C8JJ@>L@<EK<J;@I<::@FE<J
8 AUI:@KF;<.@<II8
@I<:KFI ;< C8 :8;<D@8 !<E<I8C TJ@:8 ;< -L9F=@:@8C<J
j,!() -&#j(

8II<K<I8;<.8C8IEJE.8C8IE&C<@;8

FII<F<C<:KIXE@:F8>9J7GIF:<JFJJ<C<:K@MFJ<K
D;<
<J 8O P
,. /JF<O:CLJ@MFG8I8:FDLE@:8:@XE
:FE<CjI>8EF;<-<C<::@XEEFMTC@;FG8I8<EM@8I;F:LD<EK8:@XE

9 ID8;8
J:L<C8 ;< -L9F=@:@8C<J ;< C8 ID8;8
jI>8EF ;< -<C<::@XE
CD@I8EK< 8KLIFE<
FCFD9F-(
-8E <IE8E;F(8M8C
T;@Q

FII<F<C<:KIXE@:F<JL9F7FI>8EFJ<C<::@FED;<
<J.<CU=FEF b
2
E<JK<:8JFJ<8;<C8EK8ITEGFI 2F:FII<F<C<:KIXE@:FYE@:8D<EK<C8JJFC@:@KL;<J;<
8;D@J@XEGUE;@:<

: AUI:@KF;<C@I<
@I<:KFI;<EJ<W8EQ8;<CAUI:@KF;<C@I<-<::@XE;<-<C<::@XE<#E>I<JF(--#(

:L8IK<C8D@<EKFUI<F;<.89C8;8 -<M@CC8

FII<F<C<:KIXE@:FGIF:<JFJ7J<C<:K@MFJ7;<E <8D;<
<J 8O,*0

E<CAUI:@KF;<C@I<K8EKFJ@J<I<D@K<GFI:FII<F:FDFJ@J<I<D@K<GFI-#'( J<8;<C8EK8ITE
GFI=8OF:FII<F<C<:KIXE@:FI<JG<K8E;FC8EFID8K@M8;<J<>LI@;8;;<C8@E=FID8:@XE8C8J8LKFI@;8;<J
D<E:@FE8;8J<E<CGTII8=F8EK<I@FI
@
&8JJFC@:@KL;<J;<CFJ8JG@I8EK<JP<CI<JKF;<;F:LD<EK8:@XE8GFIK8;8

@@
C8GUE;@:<:LDGC@D<EK8;F<IK@=@:8;F;<CI<JLCK8;F;<GIL<98J8E8CVK@:8J;<
;<K<::@XE;<:FEJLDF;<JLJK8E:@8JGJ@:FKIXG@:8J

@@@
FG@8;<C8?FA8><E<I8C;<J<IM@:@FJ8:KL8C@Q8;8J<>YEJ<J<W8C8<E<JK898J<<E
<C8G8IK8;F

@M
<IK@=@:8;F;<C$<=<;</E@;8;;<;<JK@EF;<G<E;<E:@8HL<8:I<;@K<CFHL<<O@><C8
98J<J<>LE;88G8IK8;F C<KI8B

$7&#0%YYY

;<DTJ;<CF8EK<I@FIC8J/E@;8;<J;<;<JK@EF;<G<E;<E:@8;<CAUI:@KF;<.@<II8P;<C8ID8;8
>I898ITE C8J JFC@:@KL;<J ;< 8;D@J@XE <E <C 'X;LCF ;< -FC@:@KL;<J ;< LIJFJ -)&/, ;<C
-#*, :FEC8JJ@>L@<EK<J@E;@:8:@FE<J
E<C;8KF:X;@>F;<:LIJFJ<I<=C<A8ITECFJ:X;@>FJHL<:FII<JGFE;8E
AUI:@KF;<.@<II8
#E>I<JFJ@E<O@><E:@8;<K@KLC8:@XE;<KU:E@:FJLG<I@FI(
ID8;8
#E>I<JFJ@E<O@><E:@8;<K@KLC8:@XE;<KU:E@:FJLG<I@FI*--
#E>I<JF:FE<O@><E:@8;<K@KLC8:@XE;<KU:E@:FJLG<I@FI*--
CGC8QF;<M@J8;F;<C8JJFC@:@KL;<J-)&/,HL<;<9<CC<M8I8:89F<C$<=<;<C8/E@;8;
J<IT;<KI<J;V8J?T9@C<J:FEK8;FJ8G8IK@I;<C;V8J@>L@<EK<8C;<C8=@E8C@Q8:@XE;<
GI<J<EK8:@XE ;< JFC@:@KL;<J
&FJ JFC@:@K8EK<J ;< C8 ID8;8 @E:CL@ITE LE8 :FG@8 ;< C8
JFC@:@KL;<E<CDX;LCF-)&/,<EKI<C8;F:LD<EK8:@XE8GFIK8;8

&FJ jI>8EFJ ;< -<C<::@XE JFC@:@K8ITE ;@I<:K8D<EK< 8 CFJ XI>8EFJ :FDG<K<EK<J ;<C '8E;F F $<=8KLI8 ;<
G<IJFE8CI<JG<:K@MFC8JM8CFI8:@FE<J;<C8J:8C@=@:8:@FE<J8EL8C<J:FII<JGFE;@<EK<J8CFJ8WFJ P
F<EJL;<=<:KFC8J;FJYCK@D8J:8C@=@:8:@FE<J8EL8C<JHL<GFJ<8E;<CFJ8JG@I8EK<J

-@ GFI I8QFE<J ALJK@=@:8;8J 8C>YE 8JG@I8EK< EF ;@JGLJ@<I8 ;< E@E>YE #E=FID< *<IJFE8C ;< 8C@=@:8:@XE
#*J<GIF:<;<IT8:LDGC@D<EK8ILEF:FE:8IT:K<I<OKI8FI;@E8I@FJ@<E;FC8=<:?8;<:@<II<;<C:@K8;F
#*C8;<C8GL9C@:8:@XE;<<JK8:FEMF:8KFI@8<E<C_FC<KVE)=@:@8C;<C'@E@JK<I@F;<<=<EJ8`
/E8M<Q
:LDGC@D<EK8;F;@:?F#*J<KI8D@K8IT;<=FID8LI><EK<J@>L@<E;F<CGIF:<;@D@<EKF<JK89C<:@;F
E<C
:8JF<E<CHL<JXCFJ<;@JGLJ@<I8;<LE#*FI;@E8I@FF<OKI8FI;@E8I@FJ<KFD8ITC8EFK8>CF98C;<<JK<
8CF9A<KF;<GF;<I:LDGC@D<EK8I<C8G8IK8;F:FII<JGFE;@<EK<;<C8GUE;@:<8I<DF

&FJ8JG@I8EK<JGF;ITEJFC@:@K8IC8G8IK@:@G8:@XE<EDTJ;<LEGIF:<JF;<J<C<::@XE;<I@M8;F;<C88GC@:8:@XE
;<C,<8C<:I<KF ;<;<D8IQF
-@J<;@<I8<C:8JF;<HL<KF;FJCFJGIF:<JFJ<ECFJHL<K<E>8
@EK<E:@XE;<G8IK@:@G8IJ<8E;<J8IIFCC8;FJGFI<CD@JDFjI>8EF;<-<C<::@XEJ<;<9<ITI<D@K@ILE<A<DGC8I;<
C8JFC@:@KL;;<8;D@J@XEGFI:8;8GIF:<JF8GFIK8E;FLE8JFC8:FG@8;<C8;F:LD<EK8:@XE:FDYE<O@>@;8
E<C
:8JF;<HL<8C>LEF;<CFJGIF:<JFJ;<J<C<::@XE<E<CHL<J<K<E>8@EK<E:@XE;<G8IK@:@G8IEFJ<8;<J8IIFCC8;F
GFI<CD@JDFjI>8EF;<-<C<::@XEJ<;<9<IT:LIJ8IKF;8C8;F:LD<EK8:@XEHL<;<K<ID@E<:8;8:FEMF:8KFI@8
JFC@:@KL;PI<JKF;<;F:LD<EKFJ;<=FID8@E;<G<E;@<EK<
E8D9FJ:8JFJ;<9<ITE89FE8IC8JK8J8JFGFIKLE8J
GFI:8;8LEF;<CFJGIF:<JFJ;<J<C<::@XE<ECFJHL<JFC@:@K<G8IK@:@G8I8GFIK8E;FCFJ<A<DGC8I<J;<CDF;<CF
:FII<JGFE;@<EK<J

+L@<E<J;<EKIF;<CGC8QF=@A8;FEF?L9@<I<EGI<J<EK8;FC8;F:LD<EK8:@XE<O@>@;8J<ITE<O:CL@;FJ;<CGIF:<JF
;<J<C<::@XEPJLJ8:KL8:@FE<JHL<;8ITE8ELC8;8J

+L@EK8
!'%-%7(!"-*%,(."-
.I8EJ:LII@;F<CGC8QF;<GI<J<EK8:@XE;<JFC@:@KL;<J<C@I<:KFI;<EJ<W8EQ8:FII<JGFE;@<EK<GL9C@:8IT
<E<C_FC<KVE)=@:@8C;<C'@E@JK<I@F;<<=<EJ8`LE8I<JFCL:@XEHL<@E:CL@IT

,<C8:@XE;<8JG@I8EK<J8;D@K@;FJ

,<C8:@XE;<8JG@I8EK<J<O:CL@;FJP<O:CL@;FJ:FE;@:@FE8C<J:FE@E;@:8:@XE;<C8J:8LJ8J;<<O:CLJ@XE

CCL>8I=<:?8P?FI8;<C:FD@<EQF;<C8GIL<98;<@E>CUJG8I8CFJ8JG@I8EK<JHL<EFGFJ<8E<CG<I=@C
;<J:I@KF<EC898J<J<>LE;8P;<C8GI@D<I8GIL<98;<C8=8J<;<FGFJ@:@XEP<EJL:8JF<CFI;<E;<
8:KL8:@XE;<CFJ8JG@I8EK<J8CHL<J<I<=@<I<C898J<JUGK@D8

&FJ 8JG@I8EK<J FD@K@;FJ P <O:CL@;FJ :FE;@:@FE8C<J ;@JGFE;ITE ;< LE GC8QF ;< ;@<Q ;V8J ?T9@C<J
:FEK8;FJ8G8IK@I;<C;V8J@>L@<EK<8C;<C8GL9C@:8:@XE<E<C_FC<KVE)=@:@8C;<C'@E@JK<I@F;<<=<EJ8`G8I8
JL9J8E8I C8 FD@J@XE F <C ;<=<:KF HL< ?8P8 DFK@M8;F C8 <O:CLJ@XE
J@D@JDF 8HL<CCFJ 8JG@I8EK<J HL< ?8P8E
<E:FEKI8;F <IIFI<J <E C8 :FEJ@>E8:@XE ;< JLJ ;8KFJ G<IJFE8C<J F ;<J<<E ;<J@JK@I ;<C GIF:<;@D@<EKF GF;ITE
D8E@=<JK8ICF <E <C D@JDF GC8QF
&FJ <J:I@KFJ ;< 8C<>8:@FE<J PF ;<J@JK@D@<EKFJ J< ;@I@>@ITE 8C @I<:KFI ;<
EJ<W8EQ8:FII<JGFE;@<EK<D<;@8EK<:L8CHL@<I8;<C8J=FID8J@E;@:8;8J<E<C8G8IK8;F;<C898J<:L8IK8

,<JL<CK8J C8J 8C<>8:@FE<J I<:C8D8:@FE<J F <E JL :8JF 8:<GK8;FJ CFJ ;<J@JK@D@<EKFJ <C @I<:KFI ;<
EJ<W8EQ8 :FII<JGFE;@<EK< ;@:K8IT I<JFCL:@XE GFI C8 HL< J< 8GIL<9<E CFJ C@JK8;FJ ;<=@E@K@MFJ ;< 8JG@I8EK<J
8;D@K@;FJP<O:CL@;FJ

E<CJLGL<JKF;<HL<8C@E@:@F;<C8GI@D<I8GIL<98CFJ@EK<I<J8;FJG<ID8E<Q:8E<EC8J@KL8:@XE;<FD@K@;F
F ;< <O:CL@;F :FE;@:@FE8C GFI EF ?89<I J@;F GL9C@:8;8 F <E JL :8JF :FDLE@:8;8 JL 8;D@J@XE F <O:CLJ@XE
;<=@E@K@M8GF;ITEGI<J<EK8IJ<8C8JGIL<98J:FE@E;<G<E;<E:@8;<C8I<JFCL:@XEHL<GFJK<I@FID<EK<J<8;FGK<

$7&#0%YYY

-<OK8
9,$()-!""&" %7(2,%/(&"-5!% )-%&%.,"-!" *"& %7(
*8I8 <C ;<J8IIFCCF P I<JFCL:@XE ;< CFJ GIF:<JFJ ;< J<C<::@XE ;< <JK8 :FEMF:8KFI@8 J< :FEJK@KLP<E KI<J
jI>8EFJ;<-<C<::@XELEFGFI:8;8AUI:@KFID8;8:FEC8:FDGFJ@:@XEHL<J<<JK89C<:<<E<C8GUE;@:<

&FJ8JG@I8EK<JGF;ITEI<:LJ8I8CFJD@<D9IFJ;<CjI>8EF;<-<C<::@XEJ<>YECFJ<W8C8;F<E<C8IKV:LCF;<
C8&C8D<EKF

FDF XI>8EFJ 8J<JFI<J P ;< 8GFPF ;<G<E;@<EK<J ;<C jI>8EF ;< -<C<::@XE J< :FEJK@KL@IT LE8 $LEK8 ;<
,<:FEF:@D@<EKF'U;@:FPLE8$LEK8;<;L:8:@XE VJ@:8PJ<EFD9I8ITE8J<JFI<J<EC8GIL<98;<C<E>L8@E>C<J8
P<E8HL<CC8JFKI8JD8K<I@8JHL<J<:FEJ@;<I<E

#>L8CD<EK<J<:FEJK@KL@ITLE8-<:I<K8IV8G8I8C8><JK@XE;<CGIF:<JF;<J<C<::@XE:FII<JGFE;@<EK<
;<DTJ
J<:FEJK@KL@ITE.I@9LE8C<J'U;@:FJ'@C@K8I<J;<G<C8:@XE:FEC8=LE:@XE;<I<JFCM<IC8JGFJ@9C<JI<M@J@FE<J;<CFJ
I<JLCK8;FJ ;<C I<:FEF:@D@<EKF DU;@:F HL< CFJ 8JG@I8EK<J <OGI<J8D<EK< GL<;8E JFC@:@K8I
-L :FDGFJ@:@XE J<
<JK89C<:<<E<C8GUE;@:<

-UGK@D8
,!"(!" ./ %7(
E8HL<CC8JGIL<98JHL<CFI<HL@<I8E<CFI;<E;<8:KL8:@XE;<CFJ8JG@I8EK<JJ<@E@:@8ITGFI8HLUCCFJ:LPF
GI@D<I8G<CC@;F:FD@<E:<GFIC8C<KI8c+dJ<>YECF<JK89C<:@;F<EC8,<JFCL:@XE;< ;<D8IQF;< )
EYD<IF;< ;<D8IQF;<C8-<:I<K8IV8;<JK8;F;< LE:@XE*Y9C@:8GFIC8HL<J<GL9C@:8<CI<JLCK8;F
;<CJFIK<F8HL<J<I<=@<I<<C,<>C8D<EKF!<E<I8C;<#E>I<JF;<C*<IJFE8C8C-<IM@:@F;<C8;D@E@JKI8:@XE;<C
JK8;F

):K8M8
-"!" )( /,-)
&8=8J<;<:FE:LIJF:FEJ@JK@IT<EC8:FDGIF98:@XEPM8CFI8:@XE;<CFJDUI@KFJ8GFIK8;FJGFICFJ8JG@I8EK<J
8;D@K@;FJP<E<C<JK89C<:@D@<EKF;<JLFI;<E;<GI<C8:@XE
FE=FID<8CF<JK89C<:@;F<EC8;@JGFJ@:@XE=@E8CGI@D<I8
;<C8)I;<E ;< ;<D8IQF<C98I<DF88GC@:8IJ<;<K8CC8<E<C8GUE;@:<;<<JK8I<JFCL:@XE
&FJ
I<JLCK8;FJJ<<OGI<J8ITE:FEKI<J;<:@D8C<JI<;FE;<8;FJ8C8D@CUJ@D8

&8J8J@>E8KLI8JF<JKL;@FJJLG<I8;FJJ<M8CFI8ITELE8JFC8M<QPEFJ<ITE:FEJ@;<I8;8JGFI<CjI>8EF;<
-<C<::@XEC8J:FEM8C@;8:@FE<J;<CFJD@JDFJ<JKL;@FJ<EFKIFJ:<EKIFJ;<<EJ<W8EQ8

*8I8CFJGIF:<JFJ;<J<C<::@XE;<C8ID8;88<=<:KFJ;<M8CFI8:@XE<EC8=8J<;<:FE:LIJFJ<:8C@=@:8IT:FE
LEM8CFI;< GLEKFJD<J<CK@<DGF;<J<IM@:@FGI<JK8;F<EC8JLE@;8;<JHL<=@>LI8E<E<C8GUE;@:<;<<JK8
I<JFCL:@XE

<=<:KF;<M8CFI8:@XE;<C8G8IK8;F
=J<8J@>E8ITE:@E:FGLEKFJ88HL<CCFJ8JG@I8EK<J:LP8<JG<:@8C@;8;
=LE;8D<EK8C;<GIF:<;<E:@8J<8C8D@JD8HL<C8HL<?8E<C<>@;F:FDFGI@D<I8GI<=<I<E:@8
<JKFJ<=<:KFJJ<
<JK89C<:< :FDF :FII<JGFE;<E:@8 <EKI< <JG<:@8C@;8;<J =LE;8D<EK8C<J C8J @E;@:8;8J <E <C 8GUE;@:< ;< <JK8
I<JFCL:@XE

&FJ I<JLCK8;FJ GIFM@J@FE8C<J ;< C8 =8J< ;< :FE:LIJF J<ITE <OGL<JKFJ <E C8 GT>@E8 N<9
?KKGI<:CLK8D@<EKF
;<=<EJ8
>F9
<JGIF:<JF 8::<JFP<EC8JJ@>L@<EK<JGT>@E8J;<C8#EKI8E<K;<CAUI:@KFID8;8
I<JG<:K@MF
8 AUI:@KF;<.@<II8
?KKG@EKI8
D;<=
<JGFIK8C@EKI8;<='@E@JK<I@F7;<7<=<EJ8A<I:@KF7;<7.@<II87 7/)
/)I<87;<7KI898AFF:LD<EKFJ/) 7E=CJ=8CJ<
9 ID8;8
NNN
=E
D;<=
<J@EKI8E<KG8><@EKI8E<K8ID8;8#E=F8ID8;8#E=F8ID8;8
7#( )7*),7-/(.)- 7GIF:<JFJ7J<C
: AUI:@KF;<C@I<
?KKG@EKI8
<8
D;<=
<J7#(.,(.EJ<E8EQ8#E>I<JF7<E7<C7,<JLCK8;FJ;@JK7
?KDC
?KKG<8N@J<'*,-L9N<9#,*,#(#*&J(FK@:@8*IF:<JFJ-<
-<;8ITLEGC8QFG8I8GFJ@9C<J8C<>8:@FE<J;<KI<J;V8JE8KLI8C<J:FEK8;FJ8G8IK@I;<C;V8J@>L@<EK<8CHL<
J< ?8P8E ?<:?F GY9C@:FJ CFJ I<JLCK8;FJ
&8J 8C<>8:@FE<J HL< 8C I<JG<:KF J< =FIDLC<E ;<9<ITE J8EF;<-<C<::@XEHL<:FII<JGFE;8
,<JL<CK8JC8J8C<>8:@FE<JJ<GL9C@:8ITECFJI<JLCK8;FJ;<C8
=8J<;<:FE:LIJF<ECFJD@JDFJD<;@FJ<EHL<J<GL9C@:8IFECFJI<JLCK8;FJGIFM@J@FE8C<J

$7&#0%YYY

-@EG<IAL@:@F;<CF<JK89C<:@;F8EK<I@FID<EK<<CAUI:@KF;<.@<II8K8D9@UE?8ITGY9C@:FJCFJI<JLCK8;FJ;<<JK8
=8J<<EC8GT>@E8N<9;<C8!-

(FK8J8:C8I8KFI@8J<EC88GC@:8:@XE;<C8M8CFI8:@XE;<C:FE:LIJF
E8HL<CCFJ<JKL;@FJ<ECFJHL<C8J:8C@=@:8:@FE<J;<C<OG<;@<EK<8:8;UD@:FEFJ<<OGI<J<E;<=FID8
ELDUI@:8C8;<K<ID@E8:@XE;<C8EFK8D<;@8J<I<8C@Q8ITGI<M@8KI8EJ=FID8:@XE;<C8:8C@=@:8:@XEC@K<I8C
<EELDUI@:8J<>YE<C98I<DFJ@>L@<EK<'LP;<=@:@<EK<#EJL=@:@<EK<-L=@:@<EK<@<E
(FK89C<JF9I<J8C@<EK<'8KIV:LC8;<?FEFI PFEM8C@;8;8JF<O<EKF

L8E;FJ<M8CFI<C8EFK8D<;@8;<LE8;<C8JK@KLC8:@FE<JP<C8JG@I8EK<GI<J<EK<C88:I<;@K8:@XEJ@EC8J
:8C@=@:8:@FE<JF9K<E@;8JJ<:FEJ@;<I8ITC8:8C@=@:8:@XE;<8GIF98;FM8CFITE;FJ<:FEcd

L8E;F <C 8JG@I8EK< EF 8:I<;@K< C8 DF;8C@;8; ;< 98:?@CC<I8KF I<8C@Q8;8 J< 8GC@:8IT <C :F<=@:@<EK<
DLCK@GC@:8;FIc d

(FM<E8
-"!")*)-% %7(
&8=8J<;<FGFJ@:@XE:FEJ@JK@IT<EC8I<8C@Q8:@XE;<C8JGIL<98JI<:F>@;8J<E<JK898J<P<E<C<JK89C<:@D@<EKF
;<CFI;<E;<GI<C8:@XE;<CFJ8JG@I8EK<J

C *I<J@;<EK< ;<C jI>8EF ;< -<C<::@XE GF;IT 8CK<I8I <C FI;<E ;< I<8C@Q8:@XE ;< C8J GIL<98J <O:<GKF <C
I<:FEF:@D@<EKFDU;@:FHL<J<ITC8YCK@D8

&8JGIL<98JJ<ITEC8JJ@>L@<EK<J
#E>I<JFGFIGIFDF:@XEJ@E<O@><E:@8;<K@KLC8:@XE;<.U:E@:F-LG<I@FIMV8J;<8::<JF89F:
@
<:FEF:@D@<EKFJ:@<EKV=@:FJ

@@
<8GK@KL;GJ@:F=VJ@:8

#E>I<JFGFIGIFDF:@XE:FE<O@><E:@8;<K@KLC8:@XE;<.U:E@:F-LG<I@FI
@
<8GK@KL;GJ@:F=VJ@:8

U:@D8
"-,,)&&)2!"- ,%* %7(!"&-*,/"-
*8I88J@JK@I8C8JGIL<98JCFJ8JG@I8EK<JK<E;ITE<E:L<EK8HL<
&8LE@=FID@;8;J<IT;<cLE@=FID<;<;@8I@FDF;8C@;8;dJ8CMFG8I8C8I<8C@Q8:@XE;<C8JGIL<98J=VJ@:8J

.<E;ITE;<I<:?F8KVKLCF;<M@8A<;<@;8<OG<;@;FGFI<C:8L:<C<>8CD<EK<<JK89C<:@;FP8C;<
@E;<DE@Q8:@XEGFII<J@;<E:@8<M<EKL8C#,<E:8JF;<:FII<JGFE;<I;LI8EK<CFJ;V8J<EHL<J<I<8C@:<E
CFJ<OTD<E<J:FE:8I>F8CFI>8E@JDF:FII<JGFE;@<EK<
CKVKLCF;<M@8A<;<I<>I<JFJ<IT8;HL@I@;FGFI
:L<EK8GIFG@8PGFJK<I@FID<EK<:FDG<EJ8;F<EC8/E@;8;;<;<JK@EF
8KFJ8;D@E@JKI8K@MFJ
8 AUI:@KF;<.@<II8
LKFI@;8;<C<>8;8. !-X;@>F;<:K@M@;8;;<K<ID@E8I
GFIC8!-

9 ID8;8
X;@>F;<)G<I8:@XE*44
(^#-8I>FLGF&*,

: AUI:@KF;<C@I<
X;@>F;<8LKFI@;8;

/<+;;8558./5+<9;>/,+<
&8,<JFCL:@XE8HL<?8:<I<=<I<E:@8C898J<HL@EK8J<IM@IT:FDFCC8D8D@<EKF8C8GI@D<I8GIL<98HL<J<IT
I<8C@Q8;8GFIKF;FJ8HL<CCFJ8JG@I8EK<JHL<?8P8EJ@;F;<:C8I8;FJc8;D@K@;FJd8CGIF:<JF;<J<C<::@XE

/E8M<Q:FD<EQ8;8C8GI@D<I8GIL<98;<C8=8J<;<FGFJ@:@XEC8GL9C@:8:@XE;<C8JJL:<J@M8J8JV:FDF;<C
CL>8I=<:?8P?FI8;<:<C<9I8:@XEC8@IT<=<:KL8E;F<CjI>8EF;<-<C<::@XE<E<CCL>8I;FE;<J<<JKUI<8C@Q8E;F
C8YCK@D8PJ<8ELE:@8ITGFI:L8CHL@<IFKIFD<;@FJ@=L<I8:FEM<E@<EK<G8I8=8:@C@K8IJLDTO@D8;@MLC>8:@XE

CjI>8EF;<-<C<::@XE8;FGK8ITC8JD<;@;8JE<:<J8I@8JG8I8>8I8EK@Q8IHL<CFJ<A<I:@:@FJ;<C8=8J<;<
FGFJ@:@XEJ<8E:FII<>@;FJJ@EHL<J<:FEFQ:8C8@;<EK@;8;;<CFJ8JG@I8EK<J

&8JGIL<98JF<A<I:@:@FJGF;ITEI<8C@Q8IJ<;<=FID8@E;@M@;L8C@Q8;8F:FC<:K@M8P<E<JK<YCK@DF:8JF<E
K8E;8 YE@:8 F GFI K8E;8J
FE @E;<G<E;<E:@8 ;< CF 8EK<I@FI CFJ @I<:KFI<J ;< EJ<W8EQ8 GF;ITE ;@:K8I C8J
@EJKIL::@FE<J<JG<:V=@:8JHL<<JK@D<EFGFIKLE8JG8I8C8<A<:L:@XE;<<JK8JGIL<98J

*8I8C8I<8C@Q8:@XE;<C8J;@=<I<EK<JGIL<98J;<:FEF:@D@<EKFJP;<C<E>L8@E>C<J8EFJ<G<ID@K@IT<CLJF;<
K<OKFJ8GLEK<JF;@::@FE8I@FJ:L8CHL@<I8HL<J<8JLJFGFIK<
*8I8C8GIL<98;<:FEF:@D@<EKFJJ<G<ID@K@ITC8
LK@C@Q8:@XE;<:8C:LC8;FI8:@<EKV=@:8EFGIF>I8D89C<HL<J<ITGIFGFI:@FE8;8GFI<CjI>8EF;<-<C<::@XE

$7&#0%YYY

&8EFGI<J<EK8:@XE;<C8JG@I8EK<8LE8GIL<98F<A<I:@:@F<E<CDFD<EKF<EHL<<CjI>8EF;<-<C<::@XE
;<:C8I<<C@E@:@F;<CD@JDFJLGFE;ITC8<C@D@E8:@XE;<CGIF:<JF;<J<C<::@XEJ8CMF<ECFJ:8JFJ:FEK<DGC8;FJ
<E<C8IKV:LCF ;<C,<8C<:I<KF ;< ;<<E<IF

E:L8CHL@<IDFD<EKF<CjI>8EF;<-<C<::@XEGF;ITI<HL<I@I8CFJ8JG@I8EK<JHL<8:I<;@K<EJL@;<EK@;8;
;<9@<E;FUJKFJ@IGIFM@JKFJ;<CFI@>@E8C<EM@>FI;<8C>LEF;<CFJJ@>L@<EK<J;F:LD<EKFJK8IA<K8D@C@K8I;<
@;<EK@;8; ;F:LD<EKF E8:@FE8C ;< @;<EK@;8; G<ID@JF ;< :FE;L::@XE F G8J8GFIK< F 9@<E ;F:LD<EKF HL<
8:I<;@K<JLJFC@:@KL;GFI<OKI8MVFLFKI8J:@I:LEJK8E:@8J

E<C:8JF;<CFJ<A<I:@:@FJ;<:FEF:@D@<EKFJP;<C<E>L8@E>C<J8;<K@GFI<JGL<JK8DYCK@GC<:FEJ@JK<EK<J
<E C8 :FEK<JK8:@XE ;< GI<>LEK8J :FE I<JGL<JK8J 8CK<IE8K@M8J ;< C8J HL< JFCF LE8 ;< <CC8J <J :FII<:K8 <C
jI>8EF;<-<C<::@XE?8ITGY9C@:8C8GC8EK@CC8LK@C@Q8;8G8I8JL:FII<::@XE

&FJI<JLCK8;FJF9K<E@;FJKI8JC88GC@:8:@XE;<C8J:FII<JGFE;@<EK<J=XIDLC8JJ<<OGI<J8ITE:FEKI<J:@=I8J
;<:@D8C<J I<;FE;<8;FJ 8 C8 D@CUJ@D8 P J<ITE <OGL<JKFJ <E C8 GT>@E8 N<9
?KKGI<:CLK8D@<EKF
;<=<EJ8
>F9
<JGIF:<JF 8::<JF P <E C8J GT>@E8J ;< C8 #EKI8E<K ;< CFJ AUI:@KFJ
I<JG<:K@MFJ:@K8;8J<EC898J<F:K8M8

&FJ8JG@I8EK<JK<E;ITELEGC8QF;<KI<J;V8JE8KLI8C<J:FEK8;FJ8G8IK@I;<CJ@>L@<EK<8C8;@=LJ@XE;<CFJ
I<JLCK8;FJGIFM@J@FE8C<JF9K<E@;FJG8I8JFC@:@K8IC8I<M@J@XEF<=<:KL8I:L8CHL@<II<:C8D8:@XEJF9I<C8JGIL<98J
I<8C@Q8;8J
LI8EK<;@:?FGC8QF;<KI<J;V8JE8KLI8C<J<EE@E>YE:8JFJ<JLJG<E;<ITC8I<8C@Q8:@XE;<C8J;<DTJ
GIL<98J;<CGIF:<JF;<J<C<::@XE
&FJ8JG@I8EK<JGF;ITEGI<J<EK8IJ<8;@:?8JGIL<98J:FE@E;<G<E;<E:@8;<
CFJI<JLCK8;FJGIFM@J@FE8C<JF9K<E@;FJ

&8J8C<>8:@FE<JHL<8CI<JG<:KFJ<=FIDLC<E;<9<ITEJ<II<D@K@;8J8C*I<J@;<EK<;<CjI>8EF;<-<C<::@XE
HL< :FII<JGFE;8
,<JL<CK8J C8J 8C<>8:@FE<J J< GL9C@:8ITE CFJ I<JLCK8;FJ ;<=@E@K@MFJ ;< C8J GIL<98J ;<
:FEF:@D@<EKFJ P ;< C<E>L8 @E>C<J8 <E CFJ D@JDFJ D<;@FJ <DGC<8;FJ G8I8 C8 GL9C@:8:@XE ;< CFJ I<JLCK8;FJ
GIFM@J@FE8C<J

&8EFJLG<I8:@XE;<=@E@K@M8;<LE8GIL<98JLGFE;ITC8<O:CLJ@XE;<C8JG@I8EK<;<CGIF:<JF;<J<C<::@XE

/<-;39-3I7./5+<9;>/,+<

*IL<98;<C<E>L8@E>C<J8G8I8CFJ8JG@I8EK<JHL<EFGFJ<8E<CG<I=@CC@E>ZVJK@:F

(F<JLE8GIL<98;<C8=8J<;<FGFJ@:@XEEFJ<ITGLEKL89C<G<IFJVJ<ITF9C@>8KFI@8PJLEFJLG<I8:@XE
;<K<ID@E8ITC8<O:CLJ@XE;<C8JG@I8EK<

&8GIL<98:FEJK8IT;<CFJJ@>L@<EK<J<A<I:@:@FJ
A<I:@:@F;<FDGI<EJ@XEJ:I@K8FEJ@JK@IT<EC8C<:KLI8;<K<OKFJ:FIKFJ
8;8LEF;<<CCFJ
K<E;ITLE8GI<>LEK8:FE:L8KIFFG:@FE<J;<I<JGL<JK8
-XCF?8PLE8I<JGL<JK8:FII<:K8
CK@<DGF
G8I8C8I<8C@Q8:@XE;<C<A<I:@:@FJ<IT;<D@ELKFJ

A<I:@:@F;<!I8DTK@:8P0F:89LC8I@FFEJ@JK@IT<EM8I@FJK<OKFJ:FE<JG8:@FJ<E9C8E:FHL<J<
K<E;ITE HL< :FDGC<K8I
C EYD<IF KFK8C ;< <JG8:@FJ <E 9C8E:F J<IT
-< GI<J<EK8ITE :L8KIF
FG:@FE<J;<I<JGL<JK8GFI:8;8<JG8:@F<E9C8E:F
-XCF?8PLE8I<JGL<JK8:FII<:K8
CK@<DGFG8I8
C8I<8C@Q8:@XE;<C<A<I:@:@FJ<IT;<D@ELKFJ

CFI;<E;<I<8C@Q8:@XE;<CFJ<A<I:@:@FJJ<IT;<K<ID@E8;FGFI<C*I<J@;<EK<;<CjI>8EF;<-<C<::@XE

&8<O@><E:@8;<C8GIL<98;<G<E;<IT;<C8=FID8;<8::<JF
@
*8I8CFJ8JG@I8EK<J8C8JGC8Q8JJ@E<O@><E:@8;<K@KLC8:@XE;<.U:E@:F-LG<I@FIMV8J;<
8::<JF89F:
C E@M<C ;< C8 GIL<98 J< 8ALJK8IT 8C ;< C8J :FDG<K<E:@8J GIFG@8J ;<C E@M<C
;<=@E@;8J <E <C _'8I:F FDYE LIFG<F ;< ,<=<I<E:@8 G8I8 C8J &<E>L8J
8GI<E;@Q8A<<EJ<W8EQ8P<M8CL8:@XE`',&;<CFEJ<AF;<LIFG8

FEK@EL8ITE <C GIF:<JF 8HL<CCFJ 8JG@I8EK<J HL< ?8P8E F9K<E@;F LE EYD<IF ;<
I<JGL<JK8J:FII<:K8J@>L8CFJLG<I@FI8

@@
*8I8CFJ8JG@I8EK<J8C8JGC8Q8J:FE<O@><E:@8;<K@KLC8:@XE;<.U:E@:F-LG<I@FI
C E@M<C ;< C8 GIL<98 J< 8ALJK8IT 8C ;< C8J :FDG<K<E:@8J GIFG@8J ;<C E@M<C
;<=@E@;8J <E <C _'8I:F FDYE LIFG<F ;< ,<=<I<E:@8 G8I8 C8J &<E>L8J
8GI<E;@Q8A<<EJ<W8EQ8P<M8CL8:@XE`',&;<CFEJ<AF;<LIFG8

FEK@EL8ITE <C GIF:<JF 8HL<CCFJ 8JG@I8EK<J HL< ?8P8E F9K<E@;F LE EYD<IF ;<
I<JGL<JK8J:FII<:K8J@>L8CFJLG<I@FI8

$7&#0%YYY


*IL<98<JG<:V=@:8;<:FEF:@D@<EKFJ:@<EKV=@:FJ

FEJK8IT ;< ;FJ <A<I:@:@FJ LEF JF9I< D8K<DTK@:8J P FKIF JF9I< =VJ@:8
8;8 <A<I:@:@F :FEJ@JK@IT <E
:FEK<JK8IGFI<J:I@KF8LE=FIDLC8I@FK@GFK<JK;<:@<E GI<>LEK8JK<XI@:8JPGIT:K@:8JJF9I<C8D8K<I@8
HL<:FII<JGFE;8:FE:L8KIFFG:@FE<J;<I<JGL<JK8
CK@<DGFGFI<A<I:@:@FJ<IT;<:@<EKFF:?<EK8
D@ELKFJ
-<I<8C@Q8ITEGFI<CJ@JK<D8;<K8E;8YE@:8

&FJ:FEK<E@;FJ;<C8J:L<JK@FE<J<JK8ITEI<C8:@FE8;FJ:FECFJHL<=@>LI8E<E<C8E<OF#G8I8C8JD8K<I@8J
;< c'8K<DTK@:8J ##
^ 8:?@CC<I8KFd P c VJ@:8
^ 8:?@CC<I8KFd ;<C ,<8C <:I<KF ;< ;<
;@:@<D9I<)EYD<IF;<;<<E<IFGFI<CHL<J<<JK89C<:<<C:LIIV:LCF9TJ@:F;<C8;L:8:@XE
-<:LE;8I@8)9C@>8KFI@8P;<C8:?@CC<I8KF

&8GIL<98J<IT<C@D@E8KFI@8PGLEKL89C<

&8GLEKL8:@XE;<:8;8LEF;<CFJ<A<I:@:@FJJ<F9K<E;ITD<;@8EK<C8=XIDLC8* 5E 6;FE;<_`<J
<C EYD<IF ;< GI<>LEK8J 8:<IK8;8J _` <J <C EYD<IF ;< <IIFI<J _E` <J <C EYD<IF ;< FG:@FE<J
GI<J<EK8;8J :FDF JFCL:@XE P _*` <J C8 GLEKL8:@XE F9K<E@;8 <E <C :FII<JGFE;@<EK< <A<I:@:@F EF
:FEK89@C@Q8E;FC8JI<JGL<JK8J<E9C8E:F:FDF<IIFI<J
&8GLEKL8:@XE_*`J<8ALJK8IT8LE8<J:8C8<EKI<
:<IFP:@<E GLEKFJ:FII<JGFE;@<E;F<C:<IF8C8:8C@=@:8:@XE;<:<IFGLEKFJF@E=<I@FIP<C:@<E8
C8DTO@D8HL<J<GL<;<8C:8EQ8I<E:8;8<A<I:@:@F

&8GLEKL8:@XE=@E8C;<C8GIL<98J<ITC8D<;@88I@KDUK@:8;<CFJ<A<I:@:@FJHL<C8:FDGFE<E<OGI<J8;8
:FEKI<J:@=I8J;<:@D8C<JI<;FE;<8;88C8D@CUJ@D8
+L<;8ITE<O:CL@;FJ;<CGIF:<JF;<J<C<::@XE8HL<CCFJ
8JG@I8EK<JHL<F9K<E>8ELE8GLEKL8:@XE@E=<I@FI8HL@E:< GLEKFJ<EC8GLEKL8:@XE=@E8C;<C8GIL<98

/E8M<Q=@E8C@Q8;8<JK8GIL<98PFI;<E8;FJCFJ8JG@I8EK<JGFIFI;<E;<GLEKL8:@XE<E:8;8LE8;<C8J
MV8J8C8HL<FGK8E<CEYD<IF;<8JG@I8EK<JHL<:FEK@EL8ITE<CGIF:<JF;<J<C<::@XEJ<IT<C<HL@M8C<EK<
8DLCK@GC@:8IGFI M<:<J<C;<GC8Q8JF=<IK8;8JG8I8<C@E>I<JF<E:8;8LE8;<C8JMV8J@E:I<D<EK8;F
:FE<C;<8JG@I8EK<JHL<F9K<E>8E@>L8CGLEKL8:@XE8C8;<CYCK@DFJ<C<::@FE8;F
CjI>8EF;<-<C<::@XE
;<C8ID8;8I<8C@Q8IT<JK8FG<I8:@XE;<=FID8J<G8I8;8G8I8C8JGC8Q8J;<CL<IGF!<E<I8CPG8I8C8J
;<CL<IGF;<#E=8EK<IV8;<'8I@E8

*IL<98;<8GK@KL;GJ@:F=VJ@:8

&88GK@KL;GJ@:F=VJ@:8J<M<I@=@:8ITD<;@8EK<
*IL<98J=VJ@:8J

*IL<98JGJ@:FCX>@:8J

,<:FEF:@D@<EKFDU;@:F

&8J:8C@=@:8:@FE<JHL<GL<;<EF9K<E<IJ<<EC8JGIL<98J=VJ@:8JP<E<CI<:FEF:@D@<EKFDU;@:FJ<ITE;<
c8GKFd P cEF 8GKFd HL<;8E;F HL@<E<J F9K<E>8E <JK8 YCK@D8 :8C@=@:8:@XE <C@D@E8;FJ ;<C GIF:<JF ;<
J<C<::@XE

&FJ 8JG@I8EK<J HL< G8IK@:@G<E <E DTJ ;< LE GIF:<JF ;< J<C<::@XE ;<I@M8;F ;< C8 8GC@:8:@XE ;<C ,<8C
<:I<KF ;< ;< D8IQF I<8C@Q8ITE C8J GIL<98J GJ@:FCX>@:8J C8 GI@D<I8 M<Q HL< J<8E
:FEMF:8;FJHL<;8E;F<O<EKFJ;<I<8C@Q8IC8JGIL<98JHL<J<8E;<CD@JDFK@GF<ECFJJ@>L@<EK<JGIF:<JFJ
;<J<C<::@XE
<@>L8C=FID8JLG<I8;8JC8JGIL<98J=VJ@:8JP<CI<:FEF:@D@<EKFDU;@:FC8GI@D<I8M<QHL<
J<8 :FEMF:8;FJ HL<;8ITE <O<EKFJ ;< G8J8I C8J GIL<98J =VJ@:8J P <C I<:FEF:@D@<EKF DU;@:F
:FII<JGFE;@<EK<J8CFJJ@>L@<EK<JGIF:<JFJ;<J<C<::@XE<ECFJHL<G8IK@:@G<EJ@<DGI<HL<C8JD8I:8J;<
C8JGIL<98J=VJ@:8JPC8J<O@><E:@8J;<CI<:FEF:@D@<EKFDU;@:FJ<8E;<@>L8CFJLG<I@FI;@=@:LCK8;8C8JHL<
J<GI<K<E;<E:FEM8C@;8I
JFC@:@KL;;<:8;88JG@I8EK<<CjI>8EF;<-<C<::@XE;<9<IT<D@K@I:<IK@=@:8;FJ
;<JLG<I8:@XE;<8D98JGIL<98J

*IL<98J=VJ@:8J
-<8GC@:8ITCF<JK89C<:@;F<E<C8GUE;@:<

&FJ8JG@I8EK<J;<9<ITEI<8C@Q8I=@E8C@Q8IPJLG<I8IC8JD8I:8J;<C8JGIL<98J=VJ@:8JI<:F>@;8J<E
<C8GUE;@:<;<<JK8,<JFCL:@XE

&8 :FEMF:8KFI@8 G8I8 C8 I<8C@Q8:@XE ;< C8J GIL<98J =VJ@:8J J< ?8IT GY9C@:8 GFI <C *I<J@;<EK< ;<C
jI>8EF;<-<C<::@XE
E<CC8J<@E;@:8ITC8K8E;8<EC8HL<:8;88JG@I8EK<C8JI<8C@Q8IT8JV:FDFC8
=<:?8P?FI8;<C@E@:@F;<C8D@JD8;<9@<E;F8GFIK8I<C_<IK@=@:8;F'U;@:F)=@:@8C`;<=@E@;F<EC898J<
:L8IK8

GUE;@:<

-<GF;IT8:I<;@K8IC88GK@KL;=VJ@:8D<;@8EK<C8GI<J<EK8:@XE;<C:FII<JGFE;@<EK<:<IK@=@:8;F;<?89<I
JLG<I8;FC8JGIL<98J=VJ@:8JG<I@X;@:8J<JK89C<:@;8JGFIC8)'
;< ;<EFM@<D9I<
@:?8
8:I<;@K8:@XEJ<<=<:KL8ITJXCFG8I88HL<CC8JGIL<98JHL<GFIJLJ:8I8:K<IVJK@:8JJ<8E@;UEK@:8J8C8J
I<HL<I@;8J<E<JK<GIF:<JFF9K<E@;8J;FJD<J<J8EK<J;<C=@E;<CGC8QF;<GI<J<EK8:@XE;<JFC@:@KL;<J
P:FELE8D8I:8@>L8CFD<AFI8C8JD8I:8JDVE@D8J<JK89C<:@;8J<E<JK8:FEMF:8KFI@8

$7&#0%YYY

-@EG<IAL@:@F;<CF<JK@GLC8;F<EC898J<;<:@DF:L8IK8I<JG<:KF8C8GIFK<::@XE;<C8D8K<IE@;8;CFJ
8JG@I8EK<J<EHL@<E<J:FE:LII@<J<8C>LE8:@I:LEJK8E:@8;<9@;8D<EK<ALJK@=@:8;8<E=<ID<;8;98E8CF
C<J@XE=FIKL@K8HL<C<J@DG@;8I<8C@Q8IC8JGIL<98J=VJ@:8J<EC8=<:?8GI<M@JK88EK<J;<JL@E@:@FGF;ITE
JFC@:@K8I;<C*I<J@;<EK<;<CjI>8EF;<-<C<::@XEJL@E:CLJ@XE<E8C>LE8;<C8JK8E;8J;<@E:@;<E:@8J
HL<J<8E<:<J8I@FGIF>I8D8I
CjI>8EF;<-<C<::@XEGF;IT;<:@;@IGI<M@8;<C@9<I8:@XE8::<;<I8CF
JFC@:@K8;F@E:CLP<E;F8C8JG@I8EK<<EC8K8E;8;<@E:@;<E:@8JG8I8I<8C@Q8IC8JGIL<98J=VJ@:8J<EC8=<:?8
HL<;<K<ID@E<

CFI;<E;<I<8C@Q8:@XE;<C8JGIL<98JJ<IT<JK89C<:@;FGFIC8$LEK8;<;L:8:@XE VJ@:8PG<ID@K@IT
C8I<:LG<I8:@XE;<C8GIL<988EK<I@FIP<C:8C<EK8D@<EKFE<:<J8I@FG8I8C8I<8C@Q8:@XE;<C8J@>L@<EK<

-@ ;LI8EK< C8 I<8C@Q8:@XE ;< C8J GIL<98J =VJ@:8J LE8 M<Q HL< <C 8JG@I8EK< ?8P8 :FD<EQ8;F C8
<A<:L:@XE ;< C8 GI@D<I8 EF K<ID@E8I8 8C>LE8 ;< <CC8J J< :FEJ@;<I8IT <C@D@E8;F ;<C GIF:<JF ;<
J<C<::@XE

*IL<98J*J@:FCX>@:8J

JK8J GIL<98J <OGCFI8ITE C8J :8I8:K<IVJK@:8J ;< G<IJFE8C@;8; ;< CFJ 8JG@I8EK<J G8I8 ;<K<:K8I
@E;@:8;FI<J;<GFJ@9C<JKI8JKFIEFJHL<GL;@<I8E:FDGIFD<K<IJLI<E;@D@<EKF<ECFJ' FJL=LKLIF
;<J<DG<WF GIF=<J@FE8C
&FJ I<JLCK8;FJ F9K<E@;FJ J<ITE KFD8;FJ <E :FEJ@;<I8:@XE <E <C GFJK<I@FI
I<:FEF:@D@<EKFDU;@:F

,<:FEF:@D@<EKF'U;@:F

&8:FEMF:8KFI@8G8I8CFJI<:FEF:@D@<EKFJDU;@:FJJ<?8ITGY9C@:8GFI<C*I<J@;<EK<;<CjI>8EF;<
-<C<::@XE
E<CC8J<@E;@:8ITC8K8E;8<EC8HL<:8;88JG@I8EK<J<JFD<K<IT8CI<:FEF:@D@<EKFDU;@:F
8JV:FDFC8=<:?8P?FI8;<@E@:@F;<CD@JDF

*8I8 <C I<:FEF:@D@<EKF DU;@:F J< 8GC@:8IT C8 )I;<E *# ;< ;< <E<IF GFI C8 HL< J<
8GIL<98<C:L8;IFDU;@:F;<<O:CLJ@FE<J<O@>@9C<G8I8<C@E>I<JF<ECFJ:<EKIFJ;F:<EK<JD@C@K8I<J;<
=FID8:@XE

&FJ8JG@I8EK<JHL<FGK<E8GC8Q8J;<<JG<:@8C@;8;<J:FEI<JGFEJ89@C@;8;;<ML<CF'8EK<E@D@<EKF
;<<IFE8M<J<E<CAUI:@KF;<.@<II8PFEKIFCUI<FP-@JK<D8J;<#E=FID8:@XEP.<C<:FDLE@:8:@FE<J
<E <C AUI:@KF ;<C @I< ;<9<ITE 8;<DTJ JLG<I8I <C J@JK<D8 ;< M8CFI8:@XE ;< C8 8GK@KL; DU;@:8
<JK89C<:@;F<EC8)I;<E'@E@JK<I@8C ;<;<89I@C:FII<JGFE;@<EK<8JL<JG<:@8C@;8;
JKFJ
I<:FEF:@D@<EKFJDU;@:FJJ<I<8C@Q8ITE<E<C<EKIF;<#EJKIL::@XE;<'<;@:@E8<IF<JG8:@8C#'
J@KF<EC8KI8
;<8I:<CFE8( ##%D
-8C@;8
.FII<AXE;<I;FQ'8;I@;

HL<CCFJ8JG@I8EK<JHL<J@<E;F:FEMF:8;FJG8I8G8J8I<C,<:FEF:@D@<EKF'U;@:F<E<C#'EF
J<GI<J<EK<E<C;V8P8C8?FI8HL<J<C<J@E;@HL<:8LJ8ITE98A8<E<CGIF:<JF;<J<C<::@XE

&FJ8JG@I8EK<JJ<GI<J<EK8ITE<E<C:<EKIFDU;@:F:FII<JGFE;@<EK<<E8PLE8JP:FEI<K<E:@XE;<
FI@E8 < @ITE GIFM@JKFJ ;< LE 9FCV>I8=F ;< K@EK8 8QLC F E<>I8 G8I8 I<CC<E8I <C :L<JK@FE8I@F ;< J8CL;
:FII<JGFE;@<EK<
FE C8 =@E8C@;8; ;< 8C:8EQ8I LE8 <OGCFI8:@XE F=K8CDFCX>@:8 DTJ GI<:@J8 J<
I<:FD@<E;88CFJGFIK8;FI<J;<C<EK<J;<:FEK8:KFHL<JLJG<E;8EJLLK@C@Q8:@XE8CD<EFJLE8J<D8E8
8EK<J;<C8=<:?8;<CI<:FEF:@D@<EKFDU;@:FP8:L;8E8UC:FE>8=8J;<9@;8D<EK<8:KL8C@Q8;8J

FDF I<JLCK8;F ;<C I<:FEF:@D@<EKF DU;@:F C8J :8C@=@:8:@FE<J HL< GL<;<E F9K<E<IJ< J<ITE ;<
c8GKFdcEF8GKFdFc8GKF<O:<GKFa
d<JG<:@=@:8E;FC8<JG<:@8C@;8;M@8:@XE;<CAUI:@KF;<.@<II8
'8EK<E@D@<EKF;<<IFE8M<JPFEKIFCUI<FP-@JK<D8J;<#E=FID8:@XEP.<C<:FDLE@:8:@FE<JG8I8
C8JHL<I<JLCK<EF8GKF
&FJ:8C@=@:8;FJ:FDFcEF8GKFdJ<ITE<C@D@E8;FJ;<CGIF:<JF;<J<C<::@XE

C I<JLCK8;F ;<C I<:FEF:@D@<EKF DU;@:F GF;IT J@;88C*I<J@;<EK<;<CjI>8EF;<-<C<::@XE;<CGIF:<JF;<J<C<::@XE<E<CHL<G8IK@:@G<<E
LEGC8QFEFJLG<I@FI8KI<J;V8JE8KLI8C<J:FEK8;FJ8G8IK@I;<C;V8J@>L@<EK<<EHL<J<?8>8GY9C@:F
<CI<JLCK8;FGFIC8$LEK8;<,<:FEF:@D@<EKF'U;@:F
C*I<J@;<EK<;<CjI>8EF;<-<C<::@XE;@JGFE;IT
JL:FDG8I<:<E:@88EK<<C.I@9LE8C'U;@:F'@C@K8I;<G<C8:@XE
C=8CCF;<<JK<.I@9LE8CJ<IT;<=@E@K@MF
G8I8C8:FEK@EL8:@XE;<C8JG@I8EK<<E<CGIF:<JF;<J<C<::@XE

8IGFJ@K@MF<E;<K<::@XE;<JLJK8E:@8JGJ@:FKIXG@:8JF;IF>8J<EC88E8CVK@:8HL<J<GI8:K@HL<<E
<JK<GIF:<JF;<J<C<::@XEJ<ITDFK@MF;<<O:CLJ@XE@ED<;@8K8;<C8JG@I8EK<;<:FE=FID@;8;:FEC8
;@JGFJ@:@XE;<:@DF:L8IK8;<C##*C8E!<E<I8C;<*I<M<E:@XE;<IF>8J;<C8J L<IQ8JID8;8J;<
;<=<9I<IF;< ;<C8-L9J<:I<K8IV8;<<=<EJ8

-@EG<IAL@:@F;<CF<JK@GLC8;F<EC898J<;<:@DF:L8IK8I<JG<:KF8C8GIFK<::@XE;<C8D8K<IE@;8;CFJ
8JG@I8EK<J<EHL@<E<J:FE:LII@<J<8C>LE8:@I:LEJK8E:@8ALJK@=@:8;8<E=<ID<;8;98E8CFC<J@XE=FIKL@K8
HL< C<J @DG@;8 JFD<K<IJ< 8C I<:FEF:@D@<EKF <E C8 =<:?8 GI<M@JK8 GF;ITE JFC@:@K8I 8C *I<J@;<EK< ;<C
$7&#0%YYY
jI>8EF ;< -<C<::@XE JL @E:CLJ@XE <E LE8 K8E;8 ;< @E:@;<E:@8J P J< JFD<K<ITE 8C I<:FEF:@D@<EKF
DU;@:FFCF:FDGC<K8ITE<EC8=<:?8HL<J<;<K<ID@E<

&8$LEK8;<,<:FEF:@D@<EKF'U;@:FP<C.I@9LE8C'U;@:F'@C@K8I;<G<C8:@XEI<D@K@ITE8C*I<J@;<EK<
;<CjI>8EF;<-<C<::@XEC8J8:K8J:FECFJI<JLCK8;FJDU;@:FJF9K<E@;FJGFICFJ8JG@I8EK<J

E <C GIF:<JF ;< J<C<::@XE J@E <O@><E:@8 ;< K@KLC8:@XE ;< .U:E@:F -LG<I@FI J@ GI<M@8D<EK< 8C
I<:FEF:@D@<EKFDU;@:F<CEYD<IF;<8JG@I8EK<J;<:C8I8;FJc8GKFd<E:8;8LE8;<C8JMV8JI<98J8I8
<E <C;<GC8Q8JF=<IK8;8J<EC8JD@JD8JJ<<=<:KL8ITLE8J<C<::@XEGI<M@8HL<<JK8IT98J8;8
<O:CLJ@M8D<EK<<EC8:8C@=@:8:@XE=@E8CFI;<E8;8;<D8PFI8D<EFIGLEKL8:@XE:FEK@EL8E;F<CGIF:<JF
;<J<C<::@XELEEYD<IF;<8JG@I8EK<J@>L8C8CI<JLCK8;F;<DLCK@GC@:8IGFIC8:@=I88EK<I@FID<EK<:@K8;8
<C;<GC8Q8J:FEMF:8;8JJ@E<O@><E:@8;<K@KLC8:@XE;<KU:E@:FJLG<I@FIG8I8:8;8MV8@E:I<D<EKTE;FJ<
;@:?FEYD<IF:FE<C;<8JG@I8EK<JHL<F9K<E>8E@>L8CGLEKL8:@XE8C8;<CYCK@DFJ<C<::@FE8;F

37+53B+-3I7./5+<9;>/,+<
-@LE8M<QI<8C@Q8;8JKF;8JC8JGIL<98J;<HL<:FEJK8C8FGFJ@:@XE<CEYD<IF;<8JG@I8EK<JJ<C<::@FE8;FJ
=L<I8@EJL=@:@<EK<G8I8:L9I@I<C;<GC8Q8J:FEMF:8;8JG8I8<C@E>I<JF<CjI>8EF;<-<C<::@XEGF;ITI<HL<I@IGFI
I@>LIFJF FI;<E ;< GI<C8:@XE :FE=FID< 8 CFJ GI@E:@G@FJ <JK89C<:@;FJ <E <JK8J EFID8J 8 CFJ 8JG@I8EK<J HL<
:FEJ@;<I<JL=@:@<EK<JG8I8>8I8EK@Q8IC8:F9<IKLI8;<C8JGC8Q8J:FEMF:8;8J

/E;U:@D8
&%#% %7(#%(&

&8:8C@=@:8:@XE=@E8C;<CGIF:<JF;<J<C<::@XEPGFJK<I@FIFI;<E8:@XE;<CFJ8JG@I8EK<JJ<<=<:KL8IT:FE=FID<
8CFHL<J<;@JGFE<8:FEK@EL8:@XE
.<E@<E;F<E:L<EK8HL<
8C@=@:8:@XE=@E8C

***LEKL8:@XE;<C8GIL<98<JG<:V=@:8;<:FEF:@D@<EKFJ

* *LEKL8:@XE=@E8C;<C:FE:LIJF

&8:8C@=@:8:@XE=@E8CJ<IT
*8I8C8JGC8Q8JJ@E<O@><E:@8;<..-0V8J;<8::<JF89F:J<F9K<E;ITD<;@8EK<C8=XIDLC8
* **
E:8JF;<@>L8C;8;<EC8:8C@=@:8:@XE=@E8CK<E;ITGI@FI@;8;HL@<E?8P8F9K<E@;FD<AFI
:8C@=@:8:@XE <E C8 GIL<98 <JG<:V=@:8 ;< :FEF:@D@<EKFJ ;< G<IJ@JK@I <C <DG8K< HL@<E K<E>8 D8PFI
M8CFI8:@XE<ECFJDUI@KFJD@C@K8I<J

*8I8C8JGC8Q8J:FE<O@><E:@8;<..-J<F9K<E;ITD<;@8EK<C8=XIDLC8 *
E:8JF;<@>L8C;8;
<EC8:8C@=@:8:@XE=@E8CK<E;ITGI@FI@;8;HL@<EK<E>8D8PFIGLEKL8:@XE<EC8M8CFI8:@XE;<CFJDUI@KFJ
D@C@K8I<J;<G<IJ@JK@I<C<DG8K<HL@<EK<E>8D<AFIGLEKL8:@XE<ECFJ8:8;UD@:FJ

&8JGLEKL8:@FE<JJ<FI;<E8ITEJ<>YEC8K@KLC8:@XE<O@>@;8;<D8PFI8D<EFIJ@<E;F
*8I8C8DF;8C@;8;;<@E>I<JFJ@E<O@><E:@8;<..-0V8J;<8::<JF89F:C8:8C@=@:8:@XE=@E8C
DTO@D8 HL<J<GL<;<F9K<E<IJ<IT;< GLEKFJ;<CFJHL<:FII<JGFE;<IV8E8C8=8J<;<C
:FE:LIJF* P 8C8;<C8FGFJ@:@XE**

*8I8 C8 DF;8C@;8; ;< @E>I<JF :FE <O@><E:@8 ;< ..- C8 :8C@=@:8:@XE =@E8C DTO@D8 HL< J< GL<;<
F9K<E<IJ<IT;<GLEKFJ

FE:CL@;F<C:TC:LCF;<C8:8C@=@:8:@XE=@E8C;<CGIF:<JF;<J<C<::@XEC8JGLEKL8:@FE<JF9K<E@;8JJ<FI;<E8ITE
;<D8PFI8D<EFI<EC@JK8J@E;<G<E;@<EK<JGFI:8;8AUI:@KFID8;8J<>YEC8DF;8C@;8;;<@E>I<JFGFIC8HL<
J<?8P8FGK8;F:FEFJ@E<O@><E:@8;<..-P<EJL:8JFGFIC8JMV8J;<8::<JF89F:
:FEK@EL8:@XE
J< <JK89C<:<IT C8 :FII<JGFE;<E:@8 <EKI< C8J GLEKL8:@FE<J P CFJ 8JG@I8EK<J I<JLCK8E;F 8JV C8 FI;<E8:@XE
GIFM@J@FE8C;<<JKFJ

&8I<C8:@XE;<8JG@I8EK<JFI;<E8;FJGFI:8C@=@:8:@XE=@E8CJ<IT<OGL<JK8<ECFJK89CFE<J;<8ELE:@FJ;<C8
-<:I<K8IV8 ;< OTD<E<J ;< C8 :8;<D@8 !<E<I8C TJ@:8 ;< -L9F=@:@8C<J @I<::@XE ;< EJ<W8EQ8 (8M8C
:L8IK<C8D@<EKFUI<F;<.89C8;8<EC8GT>@E8N<9?KKGI<:CLK8D@<EKF
;<=<EJ8
>F9
<JGIF:<JF 8::<JFP<E
C8JGT>@E8J;<C8#EKI8E<K;<CFJAUI:@KFJI<JG<:K@MFJ8JV:FDF<E:L8CHL@<IFKIFCL>8IHL<8CFJD@JDFJ<=<:KFJ
;<K<ID@E<<C*I<J@;<EK<;<CjI>8EF;<-<C<::@XE:FII<JGFE;@<EK<

LF;U:@D8
-%$( %7(!"*&3-
&88J@>E8:@XE;<GC8Q8JJ<<=<:KL8ITK<E@<E;F<E:L<EK8<E:8;8LE8;<C8JC@JK8JC8FI;<E8:@XE;<CFJ
8JG@I8EK<J :FE=FID< 8 CFJ :I@K<I@FJ <JK89C<:@;FJ <E C8 98J< 8EK<I@FI J<>YE C8 ;@JKI@9L:@XE I<J<W8;8 <E C8
;@JGFJ@:@XEK<I:<I8_*C8Q8J`P<EJL:8JFC8JEFID8J;<8:LDLC8:@XE;<GC8Q8J;<C8;@JGFJ@:@XE:L8IK8;<<JK8
I<JFCL:@XE

$7&#0%YYY

-@CFJ8JG@I8EK<JG8IK@:@G8I8E<EFKIFJGIF:<JFJ;<J<C<::@XEHL<EFJ<8E;<J8IIFCC8;FJGFI<CD@JDFjI>8EF
;<-<C<::@XEPJ@C<J:FII<JGFE;@<I8GC8Q8<EM8I@FJ;<<CCFJJ<K<E;IT<E:L<EK8<CFI;<E;<GI<=<I<E:@8J;<
@E>I<JFD8E@=<JK8;FGFI:8;88JG@I8EK<
E<J<:8JFC8@I<:KFI8!<E<I8C;<,<:CLK8D@<EKFPEJ<W8EQ8'@C@K8I
:FFI;@E8ITC88:KL8:@XE;<CFJjI>8EFJ;<-<C<::@XE@DGC@:8;FJ

C *I<J@;<EK< ;<C jI>8EF ;< -<C<::@XE <C<M8IT 8C @I<:KFI ;< EJ<W8EQ8 :FII<JGFE;@<EK< <C 8:K8 ;<
:C8J@=@:8:@XE:FEC8I<C8:@XE;<8JG@I8EK<JGIFGL<JKFJG8I8@E>I<J8I:FDF8CLDEFJI<D@K@<E;F:FG@8;<C8D@JD8
8C -L9;@I<:KFI !<E<I8C ;< ,<:CLK8D@<EKF P )I@<EK8:@XE &89FI8C
JK8 I<C8:@XE J<IT GL9C@:8;8 GFI C8 :@K8;8
LKFI@;8; <E <C FC<KVE )=@:@8C ;<C '@E@JK<I@F ;< <=<EJ8 P <E C8 GT>@E8 N<9
?KKGI<:CLK8D@<EKF
;<=<EJ8
>F9
<JGIF:<JF 8::<JF

-@8C>LEF;<CFJ8JG@I8EK<JGIFGL<JKFJG8I8@E>I<J8I:FDF8CLDEF;<J<8J<GFI:L8CHL@<I:8LJ8I<ELE:@8I
MFCLEK8I@8D<EK<8C8GC8Q8HL<C<?L9@<I8:FII<JGFE;@;FGF;ITJFC@:@K8ICF8EK<J;<C8=<:?8;<@E:FIGFI8:@XE8C
:<EKIF;F:<EK<D@C@K8I;<=FID8:@XED<;@8EK<JFC@:@KL;;@I@>@;88C@I<:KFI;<EJ<W8EQ8HL<:FII<JGFE;8
JK8J
I<ELE:@8J <OGI<J8J <OK<E;<ITE JLJ <=<:KFJ 8 KF;F <C GIF:<JF ;< J<C<::@XE GL;@<E;F JLE;FPK<I:<IF;<<JK898J<
"8JK8C8=<:?8;<@E:FIGFI8:@XE
<E<C' C88J@>E8:@XEJ<?8ITK<E@<E;F<E:L<EK8C8:8C@=@:8:@XEPC8JGI@FI@;8;<J;<CFJ8JG@I8EK<JG8I8<C
KFK8C;<GC8Q8J@E:CLP<E;FC8JP8GIFGL<JK8JPC8J8:LDLC8;8J

E<C:8JF;<HL<J<GIF;LQ:8EI<ELE:@8J8C8JGC8Q8JP:FEC8=@E8C@;8;;<8>@C@Q8I<CGIF:<JF;<I<8J@>E8:@XE
;<C8JD@JD8J<JE<:<J8I@FHL<CFJ8JG@I8EK<J:LDGC@D<EK<E<EC8JFC@:@KL;;<8;D@J@XE8CGIF:<JF;<J<C<::@XE
8GUE;@:< LEEYD<IF;<K<CU=FEF=@AFDXM@CPLE8;@I<::@XE;<:FII<F<C<:KIXE@:F;FE;<J<C<GL<;8CF:8C@Q8I
;<=FID8ITG@;8

E E@E>YE :8JF <C jI>8EF ;< -<C<::@XE GF;IT ;<:C8I8I 8JG@I8EK<J GIFGL<JKFJ :FDF 8CLDEFJ LE EYD<IF
JLG<I@FI8C;<GC8Q8J:FEMF:8;8J;<:FE=FID@;8;:FECF<JK89C<:@;F<E<C8IKV:LCF
;<C8&<P;<
;<EFM@<D9I<

C:8EQ8;8 C8 =<:?8 ;< @E>I<JF <E CFJ :<EKIFJ ;F:<EK<J D@C@K8I<J ;< =FID8:@XE HL< GIF:<;8 J< <OK@E>L<
:L8CHL@<IFKIF;<I<:?F;<I@M8;F;<CGIF:<JF;<J<C<::@XE

<:@DFK<I:<I8
,"-"(. %7("("& "(.,)!) "(."'%&%.,!"#),' %7(2()','%"(.)!"&/'()-
&FJ8JG@I8EK<JGIFGL<JKFJG8I8@E>I<J8I:FDF8CLDEFJ<=<:KL8ITEJLGI<J<EK8:@XE<ECFJ:<EKIFJ;F:<EK<J
D@C@K8I<J;<=FID8:@XE:FII<JGFE;@<EK<J<C;V8;<J<GK@<D9I<8EK<J;<C8J ?FI8J
AUI:@KF;<.@<II8:8;<D@8!<E<I8CTJ@:8;<-L9F=@:@8C<J;<CAUI:@KF;<.@<II8.8C8IE
&C<@;8

ID8;8J:L<C8;<-L9F=@:@8C<J;<C8ID8;8-8E <IE8E;FT;@Q

AUI:@KF;<C@I<:8;<D@8TJ@:8;<C@I<0@I><E;<C8D@EF&<XE

*8I8 JL GI<J<EK8:@XE <E <C :<EKIF ;F:<EK< D@C@K8I ;< =FID8:@XE CFJ 8JG@I8EK<J GIFGL<JKFJ G8I8 @E>I<J8I
:FDF8CLDEFJ;@JGFE;ITE;<KVKLCF;<M@8A<HL<C<JJ<ITI<D@K@;FGFI<C:8L:<C<>8CD<EK<<JK89C<:@;F:FE:8I>F
8CAUI:@KFFID8;8:FII<JGFE;@<EK<;<J;<C8GC8Q8;<;<JK@EF8C8;<C:<EKIF;F:<EK<D@C@K8I;<=FID8:@XE:FE
;<I<:?F8;@<K8J;<@E:FIGFI8:@XE

AUI:@KF;<.@<II8
-<IT;<8GC@:8:@XEC8@E;<DE@Q8:@XEGFIKI8JC8;F;<C8IK

;<C,

;<
;<D8PF
LKFI@;8;;<C<>8;8. #,*,X;@>F;<:K@M@;8;#E;<DE@Q8:@XEGFIKI8JC8;F

ID8;8
X;@>F;<)G<I8:@XE*44
(^#-8I>FLGF&*,/,-)-

AUI:@KF;<C@I<
-<IT;<8GC@:8:@XEC8@E;<DE@Q8:@XEGFIKI8JC8;F;<C8IK

;<C,

;<
;<D8PF

-@8C>LEF;<CFJ8JG@I8EK<JEF<=<:KL8I8JLGI<J<EK8:@XE<EC8=<:?8@E;@:8;8J@EALJK@=@:8I;<9@;8D<EK<C8
:8LJ8;<JL8LJ<E:@8J<<EK<E;<ITHL<I<ELE:@88:L8CHL@<IGC8Q8HL<GL;@<I8:FII<JGFE;<IC<;<I@M8;8;<<JK<
GIF:<JF;<J<C<::@XE

C?8:<IJLGI<J<EK8:@XEJ<ITEEFD9I8;FJ8CLDEFJGFI<C@I<:KFI;<C:<EKIF;F:<EK<D@C@K8I;<=FID8:@XE
8;HL@I@<E;F K8C :FE;@:@XE P <OK@E>L@UE;FJ< I<JG<:KF ;< <CCFJ KF;FJ CFJ ;<I<:?FJ ;<I@M8;FJ ;<C GIF:<JF ;<
J<C<::@XE

C@I<:KFI;<EJ<W8EQ8I<JG<:K@MFGL9C@:8IT<E<C_FC<KVE)=@:@8C;<C'@E@JK<I@F;<<=<EJ8`C8I<C8:@XE
;<CFJ8CLDEFJEFD9I8;FJ

&FJEFD9I8;FJ8CLDEFJ:<J8ITE<EJL;<JK@EF;<FI@><E<EC8=<:?8;<@E>I<JFJ@<E;F;<JK@E8;FJ:FE
:8IT:K<I=FIQFJF8LE;<JK@EF<E<C:<EKIF;F:<EK<D@C@K8I;<=FID8:@XE:FEJ<IM8E;FCFJ;<I<:?FJ8;D@E@JKI8K@MFJ
@E?<I<EK<J8C<DGC<FD@C@K8IHL<KLM@<I8E
C@E>I<J8I<ECFJ:<EKIFJ;F:<EK<JD@C@K8I<J;<=FID8:@XEG<ID8E<:<ITE
FG8J8ITE8C8J@KL8:@XE;<J<IM@:@F8:K@MF

&FJ8CLDEFJHL<:8LJ<E98A8<E<C:<EKIF;F:<EK<D@C@K8I;<=FID8:@XEHL<;8ITE8;@JGFJ@:@XE;<C'8E;FF
$<=8KLI8;<*<IJFE8CHL<:FII<JGFE;8

$7&#0%YYY

<:@DF:L8IK8
,)." %7(!"&'.",(%!!
=@E;<8J<>LI8IC8;<9@;8GIFK<::@XE;<C88JG@I8EK<HL<J<<E:L<EKI<<EJ@KL8:@XE;<<D98I8QFG8IKFF
GFJG8IKFJ<8:KL8IT:FE=FID<;<K<ID@E8<C8IKV:LCF ;<C,<8C<:I<KF ;< ;<<E<IF

&8J 8JG@I8EK<J HL< J< <E:L<EKI<E <E C8 J@KL8:@XE ;< <D98I8QF G8IKF F GFJG8IKF ;<9<ITE 8:I<;@K8IC8
;F:LD<EK8CD<EK< D<;@8EK< C8 FGFIKLE8 :<IK@=@:8:@XE
*FI C8 -8E@;8; '@C@K8I J< @E;@:8IT J@ C8 C@D@K8:@XE ;< C8
8JG@I8EK<8C:8EQ88C8KFK8C@;8;FJXCF8G8IK<;<C8JGIL<98JHL<;<98I<8C@Q8I<E<CGIF:<JF;<J<C<::@XE

E:8JF;<E<:<J8I@F8GC8Q8D@<EKF<EC8I<8C@Q8:@XE;<8C>LE8;<C8JGIL<98JC8GC8Q88=<:K8;8HL<;8IT
:FE;@:@FE8;88C8JLG<I8:@XEGFIG8IK<;<C88JG@I8EK<;<C8KFK8C@;8;;<8HL<CC8JGI<M@JK8J<EC8:FEMF:8KFI@88
C8HL<G<IK<E<:<C8GC8Q88=<:K8;8

&8 8JG@I8EK< <=<:KL8IT <E JL :8JF C8J GIL<98J G8I8 C8J HL< J< C< ?L9@<I< 8GI<:@8;F GC<E8 :8G8:@;8;
FGK8E;F I<JG<:KF 8 C8J GIL<98J 8GC8Q8;8J <EKI< JL I<8C@Q8:@XE <E C8J =<:?8J HL< 8 <JKFJ JFCFJ <=<:KFJ
;<K<ID@E< <C *I<J@;<EK< ;<C jI>8EF ;< -<C<::@XE F <E 8HL<CC8 FKI8 HL< J< <JK89C<Q:8 <E C8 :FEMF:8KFI@8
@ED<;@8K8D<EK<J@>L@<EK<PHL<:FII<JGFE;88LE8GIFM@J@XE8EL8C;<GC8Q8J;@=<I<EK<
FEF9A<KF;<GIF:<;E8ITGIFM@J@FE8CD<EK<C8DTO@D8GLEKL8:@XE

-@ CC<>8;8 C8 =<:?8 J<W8C8;8 8C <=<:KF <E C8 :FEMF:8KFI@8 J@>L@<EK< C8 8JG@I8EK< EF GL;@<I8 :FDGC<K8I <C
GIF:<JF;<J<C<::@XEGFI<E:FEKI8IJ<<ELE8EL<M8J@KL8:@XE;<<D98I8QFG8IKFFGFJG8IKF;@JGFE;ITGFI
YCK@D8 M<Q ;< C8 FG:@XE ;<J:I@K8 <E <C GTII8=F 8EK<I@FI
-@ <E <JK< YCK@DF JLGL<JKF EF I<8C@Q8I8 P JLG<I8I8
:L8CHL@<I8HL<J<8C8:8LJ8C8JGIL<98J;<J<C<::@XEG<E;@<EK<JG<I;<ITKF;F;<I<:?FP<OG<:K8K@M88C8GC8Q8
:FE;@:@FE8;8

<FGK8IC88JG@I8EK<GFIC8I<8C@Q8:@XE;<C8GIL<98FGIL<98J8GC8Q8;8J<E:FEMF:8KFI@8;@=<I<EK<8C8
@E@:@8C EF C< J<IT ;< 8GC@:8:@XE CFJ I<HL@J@KFJ <JG<:V=@:FJ ;< <;8; 8LEHL< ;<9<IT D8EK<E<I ;LI8EK< KF;F <C
GIF:<JF ;< J<C<::@XE ?8JK8 C8 =<:?8 ;< @E:FIGFI8:@XE 8C :<EKIF ;F:<EK< D@C@K8I ;< =FID8:@XE CFJ I<JK8EK<J
I<HL@J@KFJ<JK89C<:@;FJ<EC8:FEMF:8KFI@8@E@:@8C

-@8C88JG@I8EK<C<:FII<JGFE;@<J<GC8Q8<E<CGIF:<JF;<J<C<::@XE:FE;@:@FE8;88C8I<8C@Q8:@XE;<C8J
GIL<98J8GC8Q8;8JJ<ITEFD9I8;8GIFM@J@FE8CD<EK<8JG@I8EK<GIFGL<JK8G8I8@E>I<J8I:FDF8CLDE8G8I8C8
@E:FIGFI8:@XE:FDFD@C@K8I;<:8II<I8<E<C:L<IGFP<J:8C8:FII<JGFE;@<EK<

/E8M<Q;<J8G8I<:@;FJCFJ@DG<;@D<EKFJHL<DFK@M8IFE<C8GC8Q8D@<EKF;<C8JGIL<98JC8JI<8C@Q8ITPJ<C<
8J@>E8ITC8GLEKL8:@XEHL<:FII<JGFE;8F9K<E@UE;FJ<C8:8C@=@:8:@XE;<=@E@K@M8;<C8=8J<;<FGFJ@:@XE
8 E<CJLGL<JKF;<JLG<I8IVEK<>I8D<EK<<CGIF:<JF;<J<C<::@XEP;<8C:8EQ8IC8EFK8E<:<J8I@8<EC8
=8J< ;< FGFJ@:@XE <C jI>8EF ;< -<C<::@XE C8 @E:CL@IT <E C8 I<C8:@XE ;< 8JG@I8EK<J GIFGL<JKFJ G8I8
@E>I<J8I:FDF8CLDEFJ:FE<OGI<J8@E;@:8:@XE;<C8:FEMF:8KFI@8@E@:@8C8C8HL<G<IK<E<:<C8GC8Q8
;<=@E@K@M8D<EK<8J@>E8;8

9 *FI<C:FEKI8I@F;<EFJLG<I8IC8JGIL<98J8GC8Q8;8JF;<EF8C:8EQ8IC8GLEKL8:@XEE<:<J8I@8<EC8
=8J<;<FGFJ@:@XEG<I;<ITC8GC8Q88J@>E8;8GIFM@J@FE8CD<EK<

-@GFIDFK@MFJ;<I@M8;FJ;<JLJ@KL8:@XE;<<D98I8QFG8IKFFGFJG8IKFC88JG@I8EK<GIFGL<JK8G8I8@E>I<J8I
:FDF8CLDE8EFGL;@<I8<=<:KL8IJLGI<J<EK8:@XE<E<C:<EKIF;F:<EK<D@C@K8I;<=FID8:@XEHL<:FII<JGFE;8
K<E;IT;<I<:?F8C8I<J<IM8;<GC8Q8GFILE8JFC8M<QG8I8@E@:@8IC8<EJ<W8EQ8;<=FID8:@XE<EC8GI@D<I8
FGFIKLE@;8;HL<J<GIF;LQ:8LE8M<Q:<J<C8:8LJ8HL<CF@DG@;@X
&FJDFK@MFJ;<9<ITE8:I<;@K8IJ<8EK<<C
-L9;@I<:KFI!<E<I8C;<EJ<W8EQ8'@C@K8I:FE8EK<C8:@XE8C8=<:?8;<@E:FIGFI8:@XE8C:<EKIF;F:<EK<D@C@K8I
;<=FID8:@XE

<:@DFHL@EK8
$/&!!!"$5(",)
<8:L<I;F:FE<C8IKV:LCF
;<C8&<P;< ;<EFM@<D9I<C8@>L8C;8;;<KI8KFP;<FGFIKLE@;8;<J
<JLEGI@E:@G@FHL<<EC8J L<IQ8JID8;8JJ<8GC@:8IT;<:FE=FID@;8;:FECFGI<M@JKF<EC8&<P)I>TE@:8
;<;<D8IQFG8I8C8@>L8C;8;<=<:K@M8;<DLA<I<JP?FD9I<J
CjI>8EF;<-<C<::@XEM<C8ITGFI<C<JKI@:KF
:LDGC@D@<EKF;<CGI@E:@G@F;<@>L8C;8;;<FGFIKLE@;8;<J<EKI<CFJ8JG@I8EK<J;<8D9FJJ<OFJHL<G8IK@:@G<E<E
C8:FEMF:8KFI@8

<:@DFJ<OK8
),'#%(&
&8GI<J<EK<:FEMF:8KFI@8P:L8EKFJ8:KFJJ<;<I@M<E;<<CC8P;<C88:KL8:@XE;<CFJjI>8EFJ;<-<C<::@XE
GF;ITE JE8;FJ <E CFJ :8JFJ P <E C8 =FID8 <JK89C<:@;FJ <E C8 &I<JF<ECFJ:<EKIFJ;F:<EK<JD@C@K8I<J;<=FID8:@EG8I8<C
8::<JF:FDFD@C@K8I;<:8II<I8FD@C@K8I;<:FDGC<D<EKF8;@JK@EK8J<J:8C8JP:L<IGFJP;<:FEJ<>L@I:8C@=@:8:@FE<JHL<D<G<ID@K8E
8::<;<I8C8JGC8Q8J:@K8;8J:FEF9A<KF;<EF;<A8IE@E>LE8J@E:L9I@ID@FI;<E;<GI<=<I<E:@8<J<CJ@>L@<EK<

*,)-)
*, ,(# ,-)&/#j(&)(0).),#
-&.#0)
] ,<JFCL:@XE ;<;<
] ,<JFCL:@XE ;<;<
] ,<JFCL:@XE ;<;<
] ,<JFCL:@XE ;<;<
] ,<JFCL:@XE ;<;<
] ,<JFCL:@XE ;<;<
] ,<JFCL:@XE ;<;<

-<W8C8I<C:X;@>F;<CGIF:<JFHL<J<@E;@:8<E:8;8:FEMF:8KFI@8:FE<C=FID8KF 222

# $&#$ ,531+=8;3+6/7=/37.3-+;$8

&,) ?8CC8ID<GIF:<J8;F@DGLK8;F@EM<JK@>8;FF<E:8LJ8;F<EGIF:<;@D@<EKFAL;@:@8CGFI;<C@KF;FCFJF

&,) <JK8IJ<G8I8;F;<CJ<IM@:@F;<C8J8;D@E@JKI8:@FE<JGY9C@:8J

&,) <JK8I@E?89@C@K8;F:FE:8IT:K<I=@ID<G8I8<C<A<I:@:@F;<=LE:@FE<JGY9C@:8J

3HL<CFJ;8KFJ:FEJ@>E8;FJ<E<JK8@EJK8E:@8JFE:@<IKFJPHL<I<YEFCFJI<HL@J@KFJ<O@>@;FJ<E<JK8:FEMF:8KFI@8
:FDGIFD<K@UE;FD<8GIF98ICF;F:LD<EK8CD<EK<

&% #* $ ,531+=8;3+6/7=/37.3-+;$8

)3'#)(-(.#'#(.)'#/.),#4#j(G8I8HL<C8;D@E@JKI8:@XE8:KL8EK<:FEJLCK<FI<:89<CFJ
;F:LD<EKFJHL<P8J<<E:L<EKI8E<EJLGF;<IF?8P8EJ@;F<C89FI8;FJGFI:L8CHL@<IFKI8;D@E@JKI8:@XE

&%Q! #%7<>-+<8</H+5/-87(

$LJK@=@:8EK<;<G8>F;<.--
FG@8:FDGLCJ8;8;<CKVKLCF;<=8D@C@8ELD<IFJ8
<IK@=@:8;F;<MV:K@D8;<CK<IIFI@JDF
<IK@=@:8;F;<:8I<:<I;<8EK<:<;<EK<JG<E8C<J
.VKLCFFE@M<C8:8;UD@:F
<IK@=@:8:@XE8:8;UD@:8G<IJFE8C
FG@8;<C8?FA8><E<I8C;<J<IM@:@FJ8:KL8C@Q8;8
<IK@=@:8;FJLJK8E:@8JGJ@:FKIXG@:8J
<IK@=@:8;FJ8E:@FE<JGFI=8CK8>I8M<FDLP>I8M<
)KIFJ;F:LD<EKFJ#E;@:8I

8-+53.+.A0/-2+ 3;6+

;<
;<

Marque con una “X” lo que proceda:
( $###% #$D*$%#&Q$%#% )'&Q

C#% %##
-+./63+/7/;+5E<3-+./$>,803-3+5/<+;;/=/;+./%+5+;7<7
%+5+;7F;3.+
( $##%#% #$D*'
<->/5+./$>,803-3+5/<./5+;6+.+563;+7=/+=>;87/8586,8<7 $+7/;7+7.8+?+5E.3B
( $###% #$D*C#% #$$
->+;=/5+63/7=8F;/8./%+,5+.+ $/?355+

$7&#0%YYY
$%#& $!###)%#%# #&# $ %&

LDGC@D<EK<;@I<:K8D<EK<JF9I<<C=FIDLC8I@F<OGL<JKF<EC8GT>@E8?KKG@EKI8;<=
D;<=
<JGFIK8CJ@>L@<E;FC8
ILK8*,-)(&b*,-)(&'#&#.,b,&/.'#(.) h,*,)-)--&#j(b
b*IF:<JF;<J<C<::@XEG8I88::<JF8C8J:8C8;<-L9F=@:@8C<JGFIGIFDF:@XE

,<CC<E<CFJ:8DGFJLK@C@Q8E;F:8I8:K<I<J<ED8PYJ:LC8J

LDGC@D<EK<:8;88G8IK8;FJ<>YEC8JEFID8JHL<J<@E;@:8E

/E8M<Q:LDGC@D<EK8;8C8JFC@:@KL;@DGIVD8C88;F9C<:8I8=VID<C8P<EKIU>L<C8<EJL/):FE<CI<JKF;<
;F:LD<EKFJHL<J<8;ALEK<E
% $!#$ $

LDGC@D<EK<CFJ;8KFJ<ED8PYJ:LC8J

% $C $

'$%& $LDGC@D<EK<CFHL<:FII<JGFE;8J<>YE<CE@M<C;<<JKL;@FJ:FE<CHL<8::<;<
$ $(%%&Q%C $&!# #'8IHL<:FELE8JG82C8MV8;<8::<JFHL<
:FII<JGFE;80i-)80i-)9F0i-):

$ (%%&Q%C $&!# #JG<:@=@HL<C8;<EFD@E8:@XE;<CKVKLCF;<
KU:E@:FJLG<I@FI:FE<CHL<G8IK@:@G8

$ %P%& &'#$%# <9< I<=C<A8I <E CFJ 8G8IK8;FJ :FII<JGFE;@<EK<J C8 :C8M< I<>@JKI8C
;<EFD@E8:@XE;<CKVKLCFPLE@M<IJ@;8;F:<EKIFHL<CF<OG@;<J<>YEJ<I<=C<A8<E<C,<>@JKIF;</E@M<IJ@;8;<J<EKIFJ
P.VKLCFJJ<::@XEKVKLCFJ?KKGJNNN
<;L:8:@FE
>F9
<JIL:K?FD<

' % #$! #!# Q#E;@HL<<CEYD<IF;<M<:<JHL<J<?8GI<J<EK8;FGFIGIFDF:@XE88C>LEF;<
CFJGIF:<JFJ;<J<C<::@XE;<<JK8:FEMF:8KFI@8:FEK8E;FC8;<CGI<J<EK<8WF
;<DTJ;<C;8KF8EK<I@FIJ<;<9<IT@E;@:8I
<CK@GF;<:FEMF:8KFI@8G8I8CFJGIF:<JFJ;<<JK<8WF ]]P]FI;@E8I@8]F]<OKI8FI;@E8I@8J<>YECF<JK89C<:@;F<E
<C8IKV:LCF

8;<C, ;< ;<<E<IF

% $%#$

C#% -<C<::@FE<C8FG:@XEHL<:FII<JGFE;8

&#! -<C<::@FE<C8FG:@XEHL<:FII<GFE;8

$-<C<::@FE<C8FG:@XEHL<:FII<JGFE;8

! -<C<::@FE<C8FG:@XEHL<:FII<JGFE;8

#! #Q$;;DD8888
&$% #E;@HL<<CEFD9I<F=@:@8CP:FDGC<KF;<JL8:KL8C;<JK@EF

#'%&#&#E;@HL<C889I<M@8KLI8F=@:@8C;<JL8:KL8C;<JK@EF

#Q$% #E;@HL<C8;@I<::@XEF=@:@8C;<JL8:KL8C;<JK@EF

&! !# '#E;@HL<<CDLE@:@G@FPGIFM@E:@8<E<CHL<J<<E:L<EKI8JL8:KL8C;<JK@EF

Q ! $%#E;@HL<<C:X;@>FGFJK8C;<JL8:KL8C;<JK@EF

%C #E;@HL<<CEYD<IF;<K<CU=FEF:@M@C;<C8:<EKI8C;<JL8:KL8C;<JK@EFF<C;@I<:KF8JLGL<JKF;<KI898AF

(%$Q#%#E;@HL<C8<OK<EJ@XEHL<:FII<JGFE;<8JLGL<JKF;<KI898AF.<CU=FEFD@C@K8I

! $#$
<9<I<CC<E8IC8J:FCF:8E;F<E:8;8:8J@CC8CFJ:L8KIFF:@E:F;V>@KFJHL<:FII<JGFE;<E8:8;8LE8;<C8JFG:@FE<JGFI
FI;<E;<GI@FI@;8;
()J<GF;ITE8ELC8IFDF;@=@:8IC8JFG:@FE<J;<@E>I<JF;<C8JFC@:@KL;;<8;D@J@XE;<JGLUJ;<
=@E8C@Q8;F<CGC8QF;<GI<J<EK8:@XE;<C8D@JD8HL<=@>LI8<EC898J<K<I:<I8
I.318<>/;98/7/;+5./54F;-3=8./%3/;;+%
#E=8EK<IV8&@><I8#&!
#E=8EK<IV8:FI8Q8;8'<:8E@Q8;8#'4
898CC<IV8

IK@CC<IV8;<8DG8W8,.

IK@CC<IV8;<8DG8W8,.
'<:8KIXE@:8#E;LJKI@8C

IK@CC<IV8EK@8UI<8

IK@CC<IV8EK@8UI<8

#E><E@<IFJ#(!
*IFP<:KFJ;<)9I8@M@C

.I8EJD@J@FE<J.,
-@JK<D8J;<.<C<:FDLE@:8:@FE<J<#E=FIDTK@:FJ

'8EK<E@D@<EKF;<<IFE8M<J',(
'8EK<E@D@<EKF<IFD<:TE@:F;<"<C@:XGK<IFJ:FE'FKFI;<.LI9@E8

C<:KIXE@:8P.<C<:FDLE@:8:@FE<J&3.&
'8EK<E@D@<EKFC<:KIXE@:F

'8EK<E@D@<EKFP'FEK8A<;<HL@GFJ'('
'8EK<E@D@<EKF;<#EJK8C8:@FE<J.UID@:8JP;< CL@;FJ

'8EK<E@D@<EKF;<ID8D<EKFP'8K<I@8C','.

#E=FIDTK@:8#( ).

LKFDF:@XE/.)'
LKFDF:@XE

I.318<>/;98/7/;+5./5+;6+.+A>/;98./70+7=/;G+./+;37+
;D@E@JKI8:@XE-
;D@E@JKI8:@XEP @E8EQ8J

'8E@F9I8P(8M<>8:@XE'(-
.I8EJGFIK<'8IVK@DFP*<J:8<ECKLI8

CFA8D@<EKFP,<JK8LI8:@XE&-
@I<::@XE;<F:@E8

ID8J,-

FDLE@:8:@FE<JP-@JK<D8J;<#E=FID8:@XE.#-

EV8P*IFGLCJ@XE*-
)I>8E@Q8:@XE;<C'8EK<E@D@<EKF;<'8HL@E8I@8;<LHL<JPD98I:8:@FE<J

-@JK<D8J-#-

#E=8EK<IV8;<'8I@E8#'
$7&#0%YYY

I.318<>/;98/7/;+5./54F;-3=8./53;/
*) *IFK<::@XEPGFPF8C8 L<IQ8*

*)*IFK<::@XEPGFPF8C8 L<IQ8*

<J8IIFCCF;<GC@:8:@FE<J#E=FIDTK@:8J'LCK@GC8K8=FID8

-@JK<D8JC<:KIXE@:FJPLKFD8K@Q8;FJ

', '8EK<E@D@<EKF<IFE8YK@:F
'8EK<E@D@<EKF<IFD<:TE@:F

& '8EK<E@D@<EKF;<C<:KIXE@:8
'8EK<E@D@<EKF;<M@XE@:8

FEKIFCUI<F

3 ;D@E@JKI8:@XE
;D@E@JKI8:@XEP @E8EQ8J

3 ;D@E@JKI8:@XE

!##$#$

-@J<GI<J<EK88DTJ;<LEGIF:<JF;<J<C<::@XE<E:8JF;<:FEJ<>L@I:8C@=@:8:@FE<JHL<C<G<ID@K8E8::<;<I8C8J
GC8Q8JF=<IK8;8JP:FEF9A<KF;<EF;<A8IE@E>LE8J@E:L9I@I;<9<IT@E;@:8IJLFI;<E;<GI<=<I<E:@8@E:CLP<E;FKF;FJ
CFJGIF:<JFJ8CFJHL<J<GI<J<EK8

&FJ GIF:<JFJ ;< J<C<::@XE J< @;<EK@=@:8ITE :FE <C :X;@>F :FII<JGFE;@<EK< @E;@:8;F <E <C ;@JGFE>F GI@D<IF ;< :8;8
:FEMF:8KFI@8

# $&#$

<9<IT;<:C8I8I98AFALI8D<EKFFGIFD<J8J@:LDGC<FEF:LDGC<:FECFJI<HL@J@KFJ:;<P=;<C8G8IK8;F

;<C8
98J<J<>LE;8
-@<E8C>LEF;<CFJ:8JFJJ<W8C8C8FG:@XE-#J<IT<O:CL@;F;<CGIF:<JF;<J<C<::@XE

&% #* $

< 8:L<I;F:FE <C 8IKV:LCF ;< C8 &<P ;< ;< F:KL9I< ;<C *IF:<;@D@<EKF ;D@E@JKI8K@MF FDYE ;< C8J
;D@E@JKI8:@FE<J*Y9C@:8JJ<:FEJLCK8ITECFJ;8KFJFJ<I<:898ITE;@:?FJ;F:LD<EKFJJ8CMFHL<C8G<IJFE8@EK<I<J8;8
J<FGLJ@<I88<CCF

&%Q! #%

)#

#"& & M(N ( $# #% # "& #O ## $ %& $Q
$R ##$!


$7&#0%YYY

!C

$%#& $!#"&Q%$$# $(

*8I8 <C G8>F ;< K8J8J CFJ 8JG@I8EK<J ;<9<ITE 8::<;F9
<J*!@GJF?KKGJ@GJ
I<;J8I8
<J

EC8GT>@E81J<GI<J<EK8C8C@JK8;<*IL<98J-<C<:K@M8J:LPFGC8QF;<@EJ:I@G:@XE<JKT89@<IKF
/E8
M<QCF:8C@Q8;F<CGIF:<JF<E<CHL<J<HL@<I<G8IK@:@G8IC8G<IJFE8@EK<I<J8;8GL<;<GLCJ8I<C<EC8:<c#EJ:I@9@IJ<d
HL<8G8I<:<8C8;<I<:?8G8I8J<C<::@FE8I;@:?8*IL<98-<C<:K@M8GL;@<E;F89FE8IC8JK8J8JGFI8C>LE8;<C8J
J@>L@<EK<JMV8J
8 *FIMV8<C<:KIXE@:8
*LCJ8E;F JF9I< <C 9FKXE ;< c@L;8;8EFd ;<9<IT <C<>@I <C DUKF;F ;< @;<EK@=@:8:@XE
/E8 M<Q
@;<EK@=@:8;F ;<9< I<CC<E8I <C =FIDLC8I@F ;< JFC@:@KL; 8J<>LITE;FJ< ;< :LDGC@D<EK8I YE@:8D<EK< CFJ
:8DGFJ F9C@>8KFI@FJ D8I:8;FJ :FE LE 8JK<I@J:F
(F ;<9<IT 8;ALEK8I E@E>YE ;F:LD<EKF <E <JK8
GC8K8=FID8J@;<J<88;ALEK8I;F:LD<EKFJ;<9<IT?8:<ICFJF9I<C8JFC@:@KL;;<8;D@J@XE:FDFHL<;8
;<J:I@KF<E<C8GUE;@:<

E:8JF;<<O<E:@XEI<;L::@XE;<CG8>FJ<;<9<ITJ<C<::@FE8I<CDFK@MF:FII<JGFE;@<EK<
-@J<
J<C<::@FE8 c 8D@C@8 (LD<IFJ8 JG<:@8Cd F c 8D@C@8 (LD<IFJ8 !<E<I8Cd J< ?89@C@K8 LE :8DGF EL<MF
FG:@FE8C ;< FDLE@;8; LKXEFD8
E <C :8JF ;< KI8K8IJ< ;< C8 :FDLE@;8; 8LKXEFD8 ;< 8JK@CC8 P
&<XEK8D9@UEJ<?89@C@K8LE:8DGFG8I8@E:CL@I<CE^;<KVKLCF;<=8D@C@8ELD<IFJ8F9C@>8KFI@FG8I8<JK8
:FDLE@;8;

/E8 M<Q :FDGC<K8;8 P M8C@;8;8 C8 @E=FID8:@XE I<HL<I@;8 ;<C =FIDLC8I@F ;<9<IT GLCJ8I JF9I< <C
:?<:Bc"<C<V;FC8J:FE;@:@FE<JPD8E@=@<JKFC8MFCLEK8;;<=@ID8I;@>@K8CD<EK<PGI<J<EK8IC8JFC@:@KL;d
P<C9FKXEe @ID8IPEM@8I@EJ:I@G:@XEfJ@KL8;F<EC8<JHL@E8@E=<I@FI;<I<:?8;<C=FIDLC8I@F

-<DFJKI8ITLE8G8EK8CC8;<GIF>I<JF;FE;<J<;8:FE=@ID8:@XE;<:8;8LEF;<CFJG8JFJ8J<>L@I

-<;8ITGFI:FDGC<K8;F<CKITD@K<LE8M<QHL<J<DL<JKI<ECFJALJK@=@:8EK<J;<CG8>FPI<>@JKIF;<C8
@EJ:I@G:@XE
JK<ALJK@=@:8EK<;<I<>@JKIFHL<J<F9K@<E<<E<JK8GC8K8=FID8EFJLJK@KLP<<EE@E>YE:8JF
8C8JFC@:@KL;;<8;D@J@XE8KI8MUJ;<C8J<;<<C<:KIXE@:8;<C'@E@JK<I@F;<<=<EJ8HL<J<<JK89C<:<<E
<CGLEKF

;<C898J<:L8IK8P<E<C8GUE;@:<

C:8I>F<EC8:L<EK8;<C8K8J8;<;<I<:?F;<<O8D<EJ<I<8C@Q88KI8MUJ;<CJ<IM@:@F;<!+<+;/5+
!+18< ./ 5+ %
-@ <C G8>F J< I<8C@Q8 :FII<:K8D<EK< C8 G8J8I<C8 ;<MFCM<IT <C ALJK@=@:8EK<
:FII<JGFE;@<EK<:FELE@;<EK@=@:8;FI;<CG8>F(,
&FJ?FI8I@FJ;<;@JGFE@9@C@;8;;<C8G8J8I<C8;<
C8.J<GL<;<E:FEJLCK8I<E?KKGJNNN
8<8K
<J<J ?G8>F?
?KDC
FDFI<HL@J@KFGI<M@FG8I889FE8IC8JK8J8JGFI<JK8MV8;<9<ITGFJ<<ILE:<IK@=@:8;F;@>@K8C;<
G<IJFE8 =VJ@:8 MTC@;F F <C (# <C<:KIXE@:F :FE CFJ :<IK@=@:8;FJ 8:K@M8;FJ DTJ @E=FID8:@XE G8I8 JL
F9K<E:@XE<E?KKGNNN
:<IK
=EDK
<JP<E?KKGNNN
;E@
<C<:KIFE@:F
<JI<JG<:K@M8D<EK<

CG8>F<C<:KIXE@:F;<C8K8J8;<;<I<:?FJ;<<O8D<EJ<I<8C@Q8IT<ECFJKUID@EFJGI<M@JKFJ<EC8
)I;<E";<;<D8IQF)EYD<IF;<;<89I@CGFIC8HL<J<<JK89C<:<ECFJ
JLGL<JKFJPC8J:FE;@:@FE<J><E<I8C<JG8I8<CG8>FGFIMV8<C<:KIXE@:8;<C8JK8J8JHL<:FEJK@KLP<E
I<:LIJFJ;<C8;D@E@JKI8:@XE!<E<I8C;<CJK8;FPJLJ)I>8E@JDFJ*Y9C@:FJ
&8:FEJK8E:@8;<G8>F
:FII<:KF;<C8JK8J8J<JK8IT8M8C8;8GFI<CEYD<IF;<I<=<I<E:@8:FDGC<KF(,<D@K@;FGFIC8><E:@8
JK8K8C;<;D@E@JKI8:@XE.I@9LK8I@8HL<=@>LI8IT<E<CALJK@=@:8EK<;<I<>@JKIF

9 *FIMV8GI<J<E:@8C<EG8G<C
<9<IT GLCJ8I JF9I< c<J:8I>8I DF;<CF d
G8I<:<IT <C =FIDLC8I@F <E <C HL< ;<9<IT
:LDGC@D<EK8I YE@:8D<EK< CFJ :8DGFJ F9C@>8KFI@FJ D8I:8;FJ :FE LE 8JK<I@J:F
/E8 M<Q
:LDGC@D<EK8;FJKF;FJCFJ;8KFJJFC@:@K8;FJ;<9<ITGLCJ8IJF9I<C8FG:@XE_><E<I8IJFC@:@KL;`
<<JK8
D8E<I8 J< ><E<I8IT <C ;F:LD<EKF HL< 8C @DGI@D@ICF :FEJK8IT ;< KI<J :FG@8J _<A<DGC8I G8I8 C8
;D@E@JKI8:@XE` _<A<DGC8I G8I8 <C @EK<I<J8;F` P _<A<DGC8I G8I8 C8 <EK@;8; :FC89FI8;FI8`
8;8
JFC@:@KL;K<E;IT8J@>E8;FLEEYD<IF;<I<=<I<E:@8@;<EK@=@:8K@MFYE@:FEFJFEMTC@;8J=FKF:FG@8J

*8I8<=<:KL8I<CG8>F;<<JK8K8J8J<GI<J<EK8IT<CFI@>@E8C;<CDF;<CF:LDGC@D<EK8;F<EC8
=FID8;<J:I@K8<E:L8CHL@<I98E:F:8A8;<8?FIIFJF:FFG<I8K@M8;<:IU;@KF;<C8JHL<8:KY8E:FDF
<EK@;8;<J:FC89FI8;FI8J<EC8I<:8L;8:@XEKI@9LK8I@8
<9<IT:FEJK8IHL<J<?8I<8C@Q8;F;@:?F@E>I<JF
D<;@8EK<M8C@;8:@XE;<C8<EK@;8;:FC89FI8;FI88KI8MUJ;<:<IK@=@:8:@XED<:TE@:8F<EJL;<=<:KF;<
J<CCF P =@ID8 8LKFI@Q8;8 ;< C8 D@JD8 <E <C <JG8:@F I<J<IM8;F 8 <JKFJ <=<:KFJ
/E8 M<Q M8C@;8;F <C
<A<DGC8IG8I8C8;D@E@JKI8:@XEP;F:LD<EK8:@XE8;@:@FE8CHL<ALJK@=@HL<C8<O<E:@XEFI<;L::@XE;<C
G8>F;<9<ITGI<J<EK8IJ<ALEKF:FEC8JFC@:@KL;;<8;D@J@XE:FDFALJK@=@:8EK<;<?89<I@E>I<J8;FC8
:8EK@;8;<JK89C<:@;8<E<JK8:FEMF:8KFI@8<E:FE:<GKF;<;<I<:?FJ;<<O8D<E

$7&#0%YYY

$%#& $!#%&#$

L<IGFFJ:8C8<9<ITJ<I8C>LEF;<CFJJ@>L@<EK<J
J:8C8;<-L9F=@:@8C<J;<CFJL<IGFJ!<E<I8C<JP;<#E=8EK<IV8;<'8I@E8J@E<O@><E:@8;<K@KLC8:@XE

J:8C8;<-L9F=@:@8C<J;<CFJL<IGFJ!<E<I8C<JP;<#E=8EK<IV8;<'8I@E8:FE<O@><E:@8;<K@KLC8:@XE

<EKIF><JKFI-L9J<:I<K8IV8;<<=<EJ8

G8IK8;FJ;<C8JFC@:@KL;
8KFJG<IJFE8C<J8G8IK8;FJ 8C 8
@LDGC@D<EK<CFJ;8KFJF9C@>8KFI@FJD8I:8;FJ:FE

G8IK8;F
(F:LDGC@D<EK<<JK<8G8IK8;F

G8IK8;F
J<>YI<J<;<HL<:FEK@<E<<C;8KFc*,d:FII<JGFE;@<EK<8*IFDF:@XE<=<EJ8

G8IK8;F
J<>YI<J<;<HL<<C;8KF<Jc'#(#-.,#) (-d

(F:LDGC@D<EK<CFJ8G8IK8;FJ P

C @DGFIK< G8I8 8D9FJ GIF:<JFJ J<IT <C D@JDF
J<>YI<J< ;< HL< <C #'*),. :FII<JGFE;@<EK< 8 CFJ;<I<:?FJ ;<
<O8D<E<J<C;<g

.<E;ITE;<I<:?F8C8I<;L::@XEF<JK8ITE<O<EKFJ;<G8>F;<C8K8J8;<;<I<:?FJ;<<O8D<E
8 &FJ8JG@I8EK<JHL<=@>LI8J<E:FDF;<D8E;8EK<J;<<DGC<F;LI8EK<<CGC8QF;<8CD<EFJLED<J8EK<I@FI8C8
=<:?8;<GL9C@:8:@XE;<C8:FEMF:8KFI@8
-<ITI<HL@J@KFG8I8<C;@J=ILK<;<C8<O<E:@XEHL<<E;@:?FGC8QFEF
?L9@<I8EI<:?8Q8;FF=<IK8;<<DGC<F8;<:L8;FE@J<?L9@<J<EE<>8;F8G8IK@:@G8IJ8CMF:8LJ8ALJK@=@:8;8<E
8::@FE<J ;< GIFDF:@XE =FID8:@XE F I<:FEM<IJ@XE GIF=<J@FE8C<J P HL< @>L8CD<EK< :8I<Q:8E ;< I<EK8J
JLG<I@FI<J<E:XDGLKFD<EJL8C8C-8C8I@F'VE@DF#EK<IGIF=<J@FE8C
-@<EC8JFC@:@KL;J<FGK8GFIEF8LKFI@Q8IC8
:FEJLCK8;<<JKFJI<HL@J@KFJ;<9<IT8GFIK8I:<IK@=@:8:@XE;<C8:FE;@:@XE;<;<D8E;8EK<;<<DGC<F<OG<;@;F
<E=<:?8GFJK<I@FI8C8=<:?8;<GL9C@:8:@XE;<C8GI<J<EK<:FEMF:8KFI@8GFI<C-<IM@:@F*Y9C@:F;<DGC<FFGFI
CFJ -<IM@:@FJ ;< DGC<F LKFEXD@:FJ <E :L8EKF 8 C8 8:I<;@K8:@XE ;< C8J I<EK8J J< I<8C@Q8IT D<;@8EK< LE
:<IK@=@:8;F;<C8;<:C8I8:@XEGI<J<EK8;8;<C#DGL<JKFJF9I<C8,<EK8;<C8J*<IJFE8J VJ@:8J:FII<JGFE;@<EK<
8CYCK@DF<A<I:@:@FP<EJL:8JF;<C:<IK@=@:8;F;<CE@M<C;<I<EK8HL<;<9<IT8GFIK8IC8G<IJFE8@EK<I<J8;8P
HL<GF;ITJFC@:@K8I8KI8MUJ;<C8-<;<C<:KIXE@:8;<C8><E:@8.I@9LK8I@8<E<C<EC8:<
?KKGJNNN
8><E:@8KI@9LK8I@8
>F9
<J.
J<;<#E@:@F*IF:<;@D@<EKFJ7P7-<IM@:@FJ<IK@=@:8:@FE<J<:C8I8:@FE
<J7.I@9LK8I@8J<:C8I8:@FE<J7.I@9LK8I@8J
J?KDC

9 &8J=8D@C@8JELD<IFJ8J<ECFJKUID@EFJ;<C8IK

:;<C8&<P;< ;<EFM@<D9I<;<*IFK<::@XE8
C8J 8D@C@8J(LD<IFJ8J
O<E:@XE;<C CFJD@<D9IFJ;<=8D@C@8J;<C8:8K<>FIV8<JG<:@8C

,<;L::@XE;<CCFJD@<D9IFJ;<=8D@C@8J;<C8:8K<>FIV8><E<I8C

-@<EC8JFC@:@KL;J<FGK8GFIEF8LKFI@Q8IJL:FEJLCK8;<9<IT8:I<;@K8IC8:FE;@:@XE;<=8D@C@8ELD<IFJ8D<;@8EK<
FI@>@E8CF=FKF:FG@8:FDGLCJ8;8;<C:FII<JGFE;@<EK<KVKLCF8:KL8C@Q8;F

: &8JMV:K@D8J;<K<IIFI@JDF<EK<E;@<E;FGFIK8C<JCFJ8JG@I8EK<JHL<?8P8EJL=I@;F;8WFJ=VJ@:FJFGJVHL@:FJ
:FDF:FEJ<:L<E:@8;<C88:K@M@;8;K<IIFI@JK8JLJ:XEPL><J<?@AFJ8JV:FDFCFJ:XEPL><J<?@AFJ;<=8CC<:@;FJ

*8I88:I<;@K8IK8C:FE;@:@XE;<9<IT8GFIK8I:FG@8;<J<EK<E:@8AL;@:@8C=@ID<F;<I<JFCL:@XE8;D@E@JKI8K@M8GFIC8
HL< J< I<:FEFQ:8 K8C :FE;@:@XE F :<IK@=@:8;F 8:I<;@K8K@MF <OG<;@;F GFI C8 -L9;@I<::@XE !<E<I8C ;< GFPF 8
0V:K@D8J;<C.<IIFI@JDF;<C'@E@JK<I@F;<C#EK<I@FI

(F89FE8IC8K8J8;<CFJ;<I<:?FJ;<<O8D<E8EK<J;<C8=@E8C@Q8:@XE;<CGC8QF;<GI<J<EK8:@XE;<JFC@:@KL;<J;<K<ID@E8IT
C8<O:CLJ@XE;<=@E@K@M8;<C8JG@I8EK<


$7&#0%YYY

!C

#% #$&% $!#&$P%$%Q $&
$&$%$!$ %#Q!$

7&)"-04&%!)"& ",.%#% !)!"&"#"!"

)()S()',3*&&#)-aaaaaaaaaaaaaaaaaaaaaaaaa

'*&)aaa
aaaaaaaa-*#&#aaaaaaaaaaaaaaaaa$
/)aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

,.# #)

+L< )()S ()', 3 *&&#)-aaaaaaaaaaaaaaaaa
:FE
(#aaaaaaaaaaaaa
P;<JK@E8;F8<EC8/E@;8;;<D@'8E;Faa
?8;8;F*)-#.#0)<EC8J
GIL<98J 8E8CVK@:8J ;< ;<K<::@XE ;< :FEJLDF ;< JLJK8E:@8J GJ@:FKIXG@:8J CC<M8;8J 8 :89F <E C8J GIL<98J
I<8C@Q8;8J;LI8EK<<CYCK@DF8WF8EK<I@FI8C8=<:?8;<C8=@ID8

3 G8I8 HL< 8JV :FEJK< 8 CFJ <=<:KFJ FGFIKLEFJ <OG@;F <C GI<J<EK< :<IK@=@:8;F <E
aaaaaaaaaaaaaa
8a
;<aa
aaa
;<

-<CCFP=@ID8

-#()LDGC@D<EK8ICFHL<GIF:<;8


$7&#0%YYY

!C

! %$ $Q# $$Q) $%#&$C $%#$
!Q

Q# $$Q

+<-+5+./$>,803-3+5/<./5>/;98/7/;+5./54F;-3=8./%3/;;+
%%&#$
!;/<3./7=/.<E@<EK<FIFE<C;<CL<IGF!<E<I8C;<CAUI:@KF;<.@<II8
UC@O*UI<Q8IX
$/-;/=+;38-L9K<E@<EK<;<CL<IGF!<E<I8C;<CAUI:@KF;<.@<II8
EKFE@F&<9IXE-<>FM@8
'8-+5/<
-L9F=@:@8C'8PFI;<CL<IGF!<E<I8C;<CAUI:@KF;<.@<II8
'8EL<CC<A8E;IF&L:8J*UI<Q
-<M<IF0@WL8C<J.89F8;8
$F8HL@EhM@C8*FCF
hCM8IF&8D8J8E=I8E:
-L9K<E@<EK<;<CL<IGF!<E<I8C;<CAUI:@KF;<.@<II8
$FJU#>E8:@F8I98'8I:UE
L><E@FC=FEJF<JK<IFE;IUJ
*89CF$L8E!FEQTC<Q'8PFI
I@>8;8;<CL<IGF!<E<I8C;<CAUI:@KF;<.@<II8
jJ:8I <IETE;<QCFEJF
hE><C(8M8A8J;<C8DGF
$FJUEKFE@F <IETE;<Q'8IKVE
$L8E&L@J.U98I!8I:V8
-8I><EKF*I@D<IF;<CL<IGF!<E<I8C;<CAUI:@KF;<.@<II8W8
E8#J89<C<E@K<Q8DG@CC<AF
-8I><EKF*I@D<IF;<CL<IGF!<E<I8C;<CAUI:@KF;<.@<II8W8
*8FC8&XG<Q*FD8I
$&!%$
'8-+5/<
FIFE<C;<CL<IGF!<E<I8C;<CAUI:@KF;<.@<II8
,@:8I;FEKFE@F-8C>8;FC8M<IF
FD8E;8EK<;<CL<IGF!<E<I8C;<CAUI:@KF;<.@<II8
'8EL<C/I98EF*I8;8J
'8EL<C&8I8C:8CT
D@C@8EF'8IKVE*UI<Q
I8E:@J:F$FJU&XG<QFI<J
JK<98E!8@K<'8IKVE
L>LJKFUJ8I!FEQTC<Q*FII8J

,<-+5+./$>,803-3+5/<./5>/;98/7/;+5./5+;6+.+A./5>/;98./70+7=/;G+./+;37+
%%&#$
!;/<3./7=/8G@KTE;<(8MVF;<CL<IGF!<E<I8C;<C8ID8;8
$<JYJhE><C*8Q*<E8

$/-;/=+;38.<E@<EK<;<(8MVF;<CL<IGF!<E<I8C;<C8ID8;8
UJ8I'8IKVE!FEQTC<Q

'8-+5/<
FD8E;8EK<;<CL<IGF;<#E=8EK<IV8;<'8I@E8
,@:8I;F,FD<IF'8:?VE

8G@KTE;<CL<IGF'@C@K8I;<-8E@;8;<JG<:@8C@;8;*J@:FCF>V8]
E8'8IV8*UI<Q"@;8C>F

8G@KTE;<CL<IGF;<#E=8EK<IV8;<'8I@E8
8ICFJ!8I:V8*8J:L8C;<,@HL<CD<

-L9K<E@<EK<;<CL<IGF!<E<I8C;<C8ID8;8
I8E:@J:F&L@J-TE:?<Q*<;I<WF

-L9K<E@<EK<;<CL<IGF!<E<I8C;<C8ID8;8
$FJU'8IV8-8<EQIFJ8

I@>8;8;<CL<IGF;<#E=8EK<IV8;<'8I@E8
'8I@8EF&L@J,L@Q'8CC<9I<I8

I@>8;8;<CL<IGF!<E<I8C;<C8ID8;8
-<98JK@TEC98!8I:V8

-8I><EKF*I@D<IF;<CL<IGF!<E<I8C;<C8ID8;8]
E8'8IV8 <IETE;<Q'8IVE

-8I><EKF;<CL<IGF!<E<I8C;<C8ID8;8
'8I@8EF>L@C8I&FI<EQF

$&!%$
'8-+5/<
.<E@<EK<;<(8MVF;<CL<IGF;<JG<:@8C@JK8J;<C8ID8;8
EKFE@F!8I:V8 <IETE;<Q

-L9F=@:@8C'8PFI;<CL<IGF!<E<I8C;<C8ID8;8
'@>L<ChE><C!8I:V8'8K<FJ

I@>8;8;<CL<IGF!<E<I8C;<C8ID8;8
$L8E8ICFJ!8I:V8!8I:V8

-8I><EKF*I@D<IF;<CL<IGF;<#E=8EK<IV8;<'8I@E8
$FJU
<C;8&XG<Q

-8I><EKF*I@D<IF;<CL<IGF!<E<I8C;<C8ID8;8]
'8IV8JK<C88FJG@W<@I8

-8I><EKF;<CL<IGF!<E<I8C;<C8ID8;8]
E8I@JK@E8'LWFQ3LJK<

-8I><EKF;<CL<IGF!<E<I8C;<C8ID8;8
8ICFJ-TE:?<Q8CMF

$7&#0%YYY

-<-+5+./$>,803-3+5/<./5>/;98/7/;+5./54F;-3=8./53;/
%%&#$
!;/<3./7=/FIFE<C;<CL<IGF!<E<I8C;<CAUI:@KF;<C@I<
$FJU'8EL<C'8IKVE,F;IV>L<Q
$/-;/=+;38FD8E;8EK<;<CL<IGF!<E<I8C;<CAUI:@KF;<C@I<
,8=8<C,<:@F-TE:?<Q

'8-+5/<
8G@KTE;<CL<IGF;<#E><E@<IFJ;<CAUI:@KF;<C@I<W8
)C>8-8ID8<CTE
.<E@<EK<;<CL<IGF!<E<I8C;<CAUI:@KF;<C@I<
$FI><'8EL<C!FEQTC<Q
I@>8;8;<CL<IGF!<E<I8C;<CAUI:@KF;<C@I<
@<>F,F;IV>L<Q-TE:?<Q
$&!%$
'8-+5/<
.<E@<EK<FIFE<C;<CL<IGF!<E<I8C;<CAUI:@KF;<C@I<
$L8E8ICFJ,L@Q&<8C
.<E@<EK<;<CL<IGF;<#E><E@<IFJ;<CAUI:@KF;<C@I<
EKFE@FLI>FJ&<9I@A8
.<E@<EK<;<CL<IGF!<E<I8C;<CAUI:@KF;<C@I<
'@>L<ChE><CL<E:8&XG<Q
I@>8;8;<CL<IGF!<E<I8C;<CAUI:@KF;<C@I<
C<D<EK<-@DXE'FI8EK<

%#&$C $%#$!Q

%#&C %#!Q $!%%#$MQ*&N
%%&#$

!;/<3./7=/FIFE<C'U;@:F
,L=@EF$FJU&FJ8EKFJ*8J:L8C
$/-;/=+;3+8G@KTE'U;@:F<JG<:@8C@;8;)KFII@EFC8I@E>FCF>V8W8
'8IV8-8EK@CCTE-TE:?<Q
'8-+5/<
.<E@<EK<FIFE<C'U;@:F<JG<:@8C@;8;*J@HL@8KIV8
$FJU&L@J*UI<Q iW@>F!8E:<;F
.<E@<EK<FIFE<C'U;@:F<JG<:@8C@;8;)=K8CDFCF>V8
'8I:FEKFE@FJK<CC8&FI<EK<
.<E@<EK<FIFE<C'U;@:F<JG<:@8C@;8;@IL>V8)IKFGU;@:8P.I8LD8KFCF>V8W8
E8#J89<CIIFPF*UI<Q
FD8E;8EK<'U;@:F<JG<:@8C@;8;)9JK<KI@:@8P!@E<:FCF>V8
$FI><,F;IV>L<Q8J8I<J
FD8E;8EK<'U;@:F<JG<:@8C@;8;'<;@:@E8<IF<JG8:@8C
'8EL<C$@DUE<Q!8I:V8
FD8E;8EK<'U;@:F<JG<:@8C@;8;8I;@FCF>V8W8
;LIE<&XG<Q-F9<IXE
8G@KTE*J@:XCF>F<JG<:@8C@;8;*J@:FCF>V8CVE@:8
EKFE@FCFEJF'8IKVE

$&!%$
'8-+5/<
FIFE<C'U;@:F<JG<:@8C@;8;8I;@FCF>V8
-8CM8;FIhE><ChCM8I<QEKXE
FIFE<C'U;@:F<JG<:@8C@;8;)KFII@EFC8I@E>FCF>V8
LJ<9@FLCC@;F!XD<Q;<C8J"<I8J
.<E@<EK<FIFE<C'U;@:F<JG<:@8C@;8;@IL>V8)IKFGU;@:8P.I8LD8KFCF>V8
'8I:FJ <IETE;<Q !8PFC*UI<Q
.<E@<EK<FIFE<C'U;@:F<JG<:@8C@;8;)=K8CDFCF>V8W8
'8IV8&FI<KF-TE:?<Q#CC8E8J
FD8E;8EK<'U;@:F<JG<:@8C@;8;*J@HL@8KIV8W8
'8IV8I@JK@E8,F;IV>L<Q0@CC8I@EF
FD8E;8EK<'U;@:F<JG<:@8C@;8;'<;@:@E8<IF<JG8:@8CW8
'8IV8.<I<J8@;<CCF
FD8E;8EK<'U;@:F<JG<:@8C@;8;)9JK<KI@:@8P!@E<:FCF>V8
8M@;'8IKVE<QhM@C8
FD8E;8EK<;<CL<IGF'@C@K8I;<-8E@;8;<JG<:@8C@;8;*J@:FCF>V8CVE@:8
'@>L<ChE><C,FQ8J,F;IV>L<Q

%#&C %#!Q $!%#$*# *
%%&#$

!;/<3./7=/FIFE<C'U;@:F
EKFE@F*UI<Q-TE:?<Q
$/-;/=+;3+FD8E;8EK<'U;@:F<JG<:@8C@;8;*J@HL@8KIV8W8
I8EQ8QL)IK@Q'8IVE
'8-+5/<
.<E@<EK<FIFE<C'U;@:F<JG<:@8C@;8;)=K8CDFCF>V8
EKFE@F!
8W8;@CC8J&L:<E8
.<E@<EK<FIFE<C'U;@:F<JG<:@8C@;8;)KFII@EFC8I@E>FCF>V8W8
']
&FLI;<JCFEJFCFEJF
.<E@<EK<FIFE<C'U;@:F<JG<:@8C@;8;)9JK<KI@:@8P!@E<:FCF>V8
*<;IF#>E8:@F;<C8#>C<J@8?8D8IIF
$FJU'8EL<C$LTI<Q'8IKVE<Q
.<E@<EK<FIFE<C'U;@:F<JG<:@8C@;8;8I;@FCF>V8W8
']L><E@8'8IHL@E8;<*8;LI8
*J@:XCF>8W8
,<P<J'8IVE <IETE;<Q
F:KFI8<E'<;@:@E8#EK<IE8W8
'8IV8;<C'8I,F;<IF,FC;TE
$&!%$
'8-+5/<
FIFE<C'U;@:F<JG<:@8C@;8;*J@HL@8KIV8
;FC=F,<ML<CK8I8MF
FIFE<C'U;@:F<JG<:@8C@;8;8I;@FCF>V8
'8I@EF,
!8P8E&8M@W8
$8M@V8W8
']hE><C<J,F;I@>F,F;I@>F
!@E<:XCF>8W8
*@C8I;<C8L<M88II8F
W8
*8KI@:@8C ?<@B? <C@:<J
$7&#0%YYY


!C

$M#% C N!##*Q$!#&$
P$$

#% C


$7&#0%YYY


O.M.C

$ #

$ $C $
$!D
C8J<
]

<I<:?FJ8LKFI@Q8;FJ )I;@E8I@8
(((&# $

#
0

#(&/#) -<I@<
(^

#% C

FC<>@F;<77777777777777777

FEFW8 77777777777777777777777777777777777777777777777777777777777777777777777777777 <E
'<;@:@E8 P @IL>V8 :FC<>@8;F8 <E 77777777777777777777777777777777777777777777 :FE <C EYD<IF
77777777777777P:FE<A<I:@:@FGIF=<J@FE8C<E7777777777777777777777777777

,.# #)+L<FEFW8:FE
(
#

EYD<IFJ<<E:L<EKI8:8G8:@K8;F8=VJ@:8D<EK<G8I8C8I<8C@Q8:@XE;<C8JGIL<98J
;< 8GK@KL; =VJ@:8 :FEJ@JK<EK<J <E <A<I:@:@FJ ;< *FK<E:@8 ;< KI<E @E=<I@FI *FK<E:@8 ;< KI<E JLG<I@FI
0<CF:@;8;:8II<I8;<D<KIFJ,<J@JK<E:@8:8II<I8;< D<KIFJ-FCKLI88:LTK@:8D<KIFJP
>@C@;8;

3 G8I8 HL< 8JV :FEJK< ;FE;< :FEM<E>8 P 8 @EJK8E:@8 ;< 7777777777777777777777777777777
7777777777777777777777777777777777 <OG@;F <C GI<J<EK< <IK@=@:8;F <E 777777777777777777 8
777777777;<7777777777777777777;<;FJD@C77777777777777777777777777777777

().
(@E>YE<IK@=@:8;F'U;@:FJ<ITMTC@;FJ@EFM8<OK<E;@;F<E<JK<@DGI<JF<;@K8;FGFI<CFEJ<AF!<E<I8C
;< FC<>@FJ )=@:@8C<J ;< 'U;@:FJ ;< JG8W8 ;<9@<E;F 8;<DTJ CC<M8I <JK8DG8;F <C J<CCF ;<C FC<>@F 'U;@:F
*IFM@E:@8C<EHL<<JK<:<IK@=@:8;FJ<8<OK<E;@;F

$7&#0%YYY

#% C
&#*$#$

)=@:@8C8KF;FJCFJ<=<:KFJG8I8<CG<IJFE8C;<C8J L<IQ8JID8;8JP=8D@C@8I<J
<:I<KF ;< ;<
<E<IF
)
;<CJK8;FEYD
P)I;<E;<;<<E<IF;<
)
;<CJK8;FEYD
;< ;<
D8IQF
FEFW8
:FE;<JK@EF<E
#% +L<FEFW8

:FE
(
#
EYD<IF
J<<E:L<EKI8:8G8:@K8;F8=VJ@:8D<EK<G8I8C8I<8C@Q8:@XE;<C8JGIL<98J;<8GK@KL;=VJ@:8:FEJ@JK<EK<J<E
<A<I:@:@FJ;<*FK<E:@8;<KI<E@E=<I@FI*FK<E:@8;<KI<EJLG<I@FI0<CF:@;8;:8II<I8;<D<KIFJ,<J@JK<E:@8
:8II<I8;< D<KIFJ-FCKLI88:LTK@:8D<KIFJP>@C@;8;

3G8I8HL<:FEJK<P8@EJK8E:@8;<C
;<
FEFW8
:FE
;<JK@EF Verificable en IUUQTTFEFEFGFOTBHPCFTBDDFEBCPE
<E
<OG@;F<CGI<J<EK<<IK@=@:8;FG8I8HL<JLIK8<=<:KFJ;FE;<:FEM<E>8PGIF:<;8
;<
;<
C&8
'U;@:F

$7&#0%YYY

!C

!#&$P$$

! %%## #

@E8C@;8;

'<;@IC8GFK<E:@8;<CFJD@<D9IFJ@E=<I@FI<J

#EJK8C8:@XEPD8K<I@8C

-F9I<LE8JLG<I=@:@<GC8E8P:FEJ@JK<EK<:<D<EKFD8;<I8K8IKTE8J=8CKFK@<II8

*8I<;F<J:8C8>I8;L8;8<E
:<EKVD<KIFJP8C88CKLI8:FEM<E@<EK<
3<JFFK8C:F

*FJ@:@XE@E@:@8C

*@<JALEKFJ;<J;<C8GFJ@:@XE;<G8I8;F;<C8;FALEKF8C8G8I8KF
&<M8EK8ICFJ;FJ9I8QFJKFK8CD<EK<<OK<E;@;FJ?8:@8
8II@98D8EK<E@<E;F8D9FJ?FD9IFJ<E<CD@JDFGC8EF?FI@QFEK8CPJ@E<C<M8:@XE
&FJ8JG@I8EK<JD8I:8E:FE<C<OKI<DF
;<CFJ;<;FJC88CKLI8HL<8C:8EQ8E:FE<JK8GFJ@:@XE;<EKIF;<C8K89C8>I8;L8;8

A<:L:@XE

&FJ8JG@I8EK<JJ8CK8I8EK8E8CKF:FDFGL<;8EPD8I:8ITEEL<M8D<EK<:FECFJ;<;FJ<CE@M<C8C:8EQ8;F;<EKIF;<C8
K89C8>I8;L8;8

,<>C8J

]*8I8C8<A<:L:@XECFJ8JG@I8EK<JGL<;<EDFM<ICFJ9I8QFJP=C<O@FE8I<CKIFE:FPC8JIF;@CC8JPC<M8EK8ICFJK8CFE<J
G<IFJ@EHL<?8P8;<JGC8Q8D@<EKFFJ<G@<I;8KFK8CD<EK<<C:FEK8:KF;<CJL<CF;<LEFF;<CFJ;FJG@<J8EK<J;<J8CK8I

]&8GIL<98D@;<<E:<EKVD<KIFJC8;@=<I<E:@8<O@JK<EK<<EKI<C88CKLI88C:8EQ8;8<EC8GFJ@:@XE@E@:@8CPC8CF>I8;8:FE
<CJ8CKF

]-<G<ID@K@ITE;FJ@EK<EKFJ:FELE8C<M<G8LJ8<EKI<<CCFJPJ<8EFK8ITC8D<AFID8I:8F9K<E@;8

7=/7=8>58-<ITELCFKF;F@EK<EKFHL<MLCE<I<:L8CHL@<I8;<CFJ8JG<:KFJ8HLV;<K8CC8;FJ

! %%#$&!# #

@E8C@;8;

'<;@IC8=L<IQ8 I<J@JK<E:@8;<CFJGI@E:@G8C<JDYJ:LCFJ<OK<EJFI<J;<CFJD@<D9IFJJLG<I@FI<J;<CFJ8JG@I8EK<J

#EJK8C8:@XEP'8K<I@8C

-F9I<LE8JLG<I=@:@<GC8E8P:FEJ@JK<EK<:<D<EKFD8;<I8K8IKTE8J=8CKFK@<II8

CDF?8;@CC8;<LE>IFJFI;< :D

*FJ@:@XE@E@:@8C

-@KL8;F<EC8GFJ@:@XE;<cK@<II8@E:C@E8;8d?8:@8;<C8EK<:FCF:8ITC8JD8EFJ<EC8GFJ@:@XEDTJ:XDF;8
D8EK<E@<E;FCFJ9I8QFJ<JK@I8;FJPG<IG<E;@:LC8I<J8CJL<CF:FELE8J<G8I8:@XE<EKI<<CCFJ@>L8C8C88E:?LI8;<CFJ
?FD9IFJ

A<:L:@XE

;FGK8;8C8GFJ@:@XE@E@:@8C<CAL<Q@E;@:8IT<C@E@:@F;<C8GIL<98I<8C@QTE;FJ<;<=FID8:FEK@EL8;8KF;8JC8J=C<O@FE<J
<OK<EJ@FE<J;<9I8QFJGFJ@9C<JK<E@<E;F<E:L<EK8HL<J<:FEK89@C@Q8IT:FDF<=<:KL8;8LE8=C<O@XE <OK<EJ@XE:L8E;F
J<KFHL<:FEC898I9@CC8C88CDF?8;@CC8PJ<ML<CM88C8GFJ@:@XE;<G8IK@;8D8EK<E@<E;F<EKF;FDFD<EKFCFJ?FD9IFJ
<JG8C;8PG@<IE8J<EGIFCFE>8:@XE=FID8E;FLE8CVE<8I<:K8

,<>C8J

]-<G<ID@K<;LI8EK<C8;LI8:@XE;<C<A<I:@:@FI<8C@Q8ILE8G8I8;8<E:L8CHL@<IDFD<EKFJ@<DGI<HL<UJK8J<I<8C@:<<E
GFJ@:@XE;<<OK<EJ@XE;<9I8QFJ

]&8QFE8;<:FEK8:KF;<C898I9@CC8:FE<CJL<CFJ<8CDF?8;@CC8IT

]-<G<ID@K@ITE;FJ@EK<EKFJ<JG8:@8;FJ<EKI<J@<CK@<DGFJL=@:@<EK<G8I8G<ID@K@IC8I<:LG<I8:@XE;<C<A<:LK8EK<

7=/7=8>58-<IT:FEJ@;<I8;FELCF<C@EK<EKFHL<MLCE<I<CF;@JGL<JKF<E<JK8JI<>C8J

(FJ<:FEJ@;<I8IT:FDFMTC@;8KF;8=C<O@XE <OK<EJ@XE;<9I8QFJHL<EFJ<8:FDGC<K8PJ@DLCKTE<8F:L8E;FJ<8GFP<
<E<CJL<CF:FEJ@>L@<E;FM<EK8A8G8IK<;@JK@EK88C898I9@CC8D8EFJFGLEK8;<CFJG@<J

'

@E8C@;8;

'<;@IC8M<CF:@;8;;<KI8JC8:@XE:FIGFI8C


*8J@CCF;<DKJ
;<CFE>@KL;D8I:8;FJF9I<LE8JLG<I=@:@<GC8E8P:FEJ@JK<EK<:<D<EKFD8;<I8K8IKTE8J=8CKF
K@<II8

IFEXD<KIFJ

*FJ@:@XE@E@:@8C

&@9I<
<KITJ;<C8CVE<8;<J8C@;8
(FJ<8LKFI@Q8ITC8LK@C@Q8:@XE;<K8:FJ;<J8C@;8

A<:L:@XE

;FGK8;8C8GFJ@:@XE;<J8C@;88C8J<W8C;<K<ID@E8;8;<CAL<QCFJ8JG@I8EK<JJ<;<JGC8Q8ITE8C8DTO@D8M<CF:@;8;
GFJ@9C<G8I8:FDGC<K8I<CI<:FII@;F

CI<:FII@;F=@E8C@Q8IT:L8E;FJ<JLG<I<:FE<CG<:?FC8CVE<8;<D<K8FJ<JLG<I<<CK@<DGF<O@>@;F8JLG<I8I<E
C8GIL<98

,<>C8J

]&8GIL<98J<GF;ITI<8C@Q8I@E;@M@;L8CD<EK<

]-<D<;@ITC8GIL<98GFI<CK@<DGF@EM<IK@;FM8CFI8E;FJ<>LE;FJP;U:@D8J;<J<>LE;F

$7&#0%YYY
]-<GF;ITEI<8C@Q8I;FJ@EK<EKFJ:FELE8C<M<G8LJ8<EKI<<CCFJ

]-<8LKFI@Q8ITLE8JFC8J8C@;8ELC8<E:8;8@EK<EKF

7=/7=8>58-<IT:FEJ@;<I8;FELCF<C@EK<EKFHL<MLCE<I<CF;@JGL<JKF<E<JK8JI<>C8JFCF@E;@:8;FGFI<CAL<Q;<
J8C@;8F<CAL<Q;<CC<>8;8

#$$%

@E8C@;8;

'<;@IC8I<J@JK<E:@8FI>TE@:8;<CFJ8JG@I8EK<J


-LG<I=@:@<GC8E8P:FEJ@JK<EK<:<D<EKFD8;<I8K8IKTE8J=8CKFK@<II8
:FEC8CFE>@KL;JL=@:@<EK<G8I8C8I<8C@Q8:@XE
;<C8GIL<98
IFEXD<KIFJ

*FJ@:@XE@E@:@8C

<G@<;<KITJ;<C8CVE<8;<J8C@;8

A<:L:@XE

;FGK8;8C8GFJ@:@XE;<J8C@;88C8J<W8C;<K<ID@E8;8GFI<CAL<QCFJ8JG@I8EK<J@E@:@8ITE<CI<:FII@;F?8JK8:FDGC<K8I
CFJ
D

CI<:FII@;F=@E8C@Q8IT:L8E;FJ<JLG<I<:FE<CG<:?FC8CVE<8;<D<K8FJ<JLG<I<<CK@<DGFDTO@DF<JK89C<:@;FG8I8
C8I<8C@Q8:@XE;<C8GIL<98

,<>C8J

]&8GIL<98J<I<8C@Q8IT<E>ILGF

]-<8LKFI@Q8ITLE8JFC8J8C@;8ELC8

]CK@<DGF@EM<IK@;FJ<D<;@IT<ED@ELKFJPJ<>LE;FJ

]-<I<8C@Q8ITLEJFCF@EK<EKF

7=/7=8>58-<IT:FEJ@;<I8;FELCF<C@EK<EKFHL<MLCE<I<CF;@JGL<JKF<E<JK8JI<>C8JFCF@E;@:8;FGFI<CAL<Q;<
J8C@;8F<CAL<Q;<CC<>8;8

$ %&#&O%

@E8C@;8;

'<;@IC88GK@KL;>CF98C;<C8JG@I8EK<<E<CD<;@F8:LTK@:F


*@J:@E8;<CFE>@KL;JL=@:@<EK<G8I8C8I<8C@Q8:@XE;<C8GIL<98
IFEXD<KIFJ

*FJ@:@XE@E@:@8C

-@KL8IJ<;<G@<JF9I<<C9FI;<GI<G8I8;FG8I8I<8C@Q8IC8GIL<98

A<:L:@XE

;FGK8;8C8GFJ@:@XE;<J8C@;88C8J<W8C;<K<ID@E8;8;<CAL<QCFJ8JG@I8EK<JJ<C8EQ8ITE8C8>L8PJ<;<JGC8Q8ITE
D<KIFJE8;8E;F:FE<JK@CFC@9I<<EC8=FID8HL<J<<JG<:@=@:8<EC8JI<>C8J

,<>C8J

]&8J8C@;8J<I<8C@Q8IT;<J;<<C9FI;<8C8J<W8C;<CAL<Q

]CI<:FII@;FJ<E8;8IT;<=FID8C@9I<J@EI<8C@Q8IE@E>YE8GFPF<E<C=FE;F;<C8G@J:@E8F:FI:?<I8

]L8E;F<CI<:FII@;FJ<I<8C@:<<E;FJKI8DFJ8C=@E8C@Q8I<CGI@D<IF<C8JG@I8EK<KF:8ITJ@E8GFPFPFG8I8;8C8G8I<;
;<C8G@J:@E8:FE:L8CHL@<IG8IK<;<C:L<IGFGL;@<E;F@DGLCJ8IJ<:FECFJG@<JG8I8I<8C@Q8I<CI<:FII@;F;<ML<CK8

] @E8C@Q8C8GIL<98:L8E;F<CE8;8;FIKF:8C8G8I<;;<C8G@J:@E8<E<CDFD<EKF;<C8CC<>8;8;<=FID8M@J@9C<G8I8
<CAL<Q;<CC<>8;8FJLG<I<<CK@<DGF<O@>@;F8JLG<I8I<EC8GIL<98

]EE@E>YEDFD<EKF;<C8<A<:L:@XE<JK8ITG<ID@K@;FJLA<K8IJ<8C8:FI:?<I8I<9FJ8;<IFF:L8CHL@<IFKIFCL>8I

]-<D<;@IT<CK@<DGF@EM<IK@;F<EC8GIL<98<ED@ELKFJPJ<>LE;FJ

]-<I<8C@Q8ITLEJFCF@EK<EKF

]8;8JC8J:8I8:K<IVJK@:8J;<<JK8GIL<98JXCF8C=@E8C@Q8IC8D@JD8<CAL<Q;@:K8D@E8ITJ@<C8JG@I8EK<?8:LDGC@;F<C
I<:FII@;F:FE=FID<8CFHL<8HLVJ<;<K<ID@E8

7=/7=8>58
-<IT:FEJ@;<I8;FELCFC8I<8C@Q8:@XE;<CI<:FII@;F<EC8=FID8HL<MLCE<I<CFHL<J<<JG<:@=@:8<E8C>LE8;<C8JI<>C8J

-XCFJ<G<ID@K@ITE;FJJ8C@;8JELC8J

#&%

@E8C@;8;
'<;@IC88>@C@;8;;<DFM@D@<EKFJ;<C<A<:LK8EK<

'8K<I@8C

FJ:FEFJ
FJM8CC8J;<8KC<K@JDFK@GF<JKTE;8I8LE88CKLI8;<:D
PLE8;<<CC8JGIFCFE>8;8M<IK@:8CD<EK<GFI
;FJG8CFJ8;FJ8;FJ8JLJ<OKI<DFJC8K<I8C<JHL<K@<E<EC8JD<;@;8J;< :D
O:D
;<>IFJFI
IFEXD<KIFJ

,<:FII@;F

hI<8JF9I<D8;<I8:<D<EKF8J=8CKFK@<II8J<>YE>IT=@:F

*FJ@:@XE@E@:@8C;<KITJ;<C8CVE<8;<G8IK@;8PGI<G8I8;FG8I8:FII<I<EGFJ@:@XE;<J8C@;8;<G@<

CCL>8I;<J8C@;8<JFG:@FE8C8;<I<:?8F@QHL@<I;8;<C8M8CC8

A<:L:@XE

;FGK8;8C8GFJ@:@XE;<J8C@;88C8J<W8C;<K<ID@E8;8;<CAL<QJ<@E@:@8ITC8:8II<I88C8D8PFIM<CF:@;8;GFJ@9C<G8I8
:FDGC<K8I<CI<:FII@;F<EC8=FID8HL<J<@E;@:8<E<C>IT=@:F

$7&#0%YYY


,<>C8J

]-<<=<:KL8IT<CI<:FII@;F<EC8=FID8@E;@:8;8<E<C>IT=@:F

]-<M8CFI8IT<CK@<DGF@EM<IK@;F<EJ<>LE;FJ:FEK8;F;<J;<C8MFQ
;<38;8;8GFI<CAL<Q?8JK8HL<C8G<IJFE8HL<I<8C@Q8C8GIL<98
KF:8<CJL<CF:FELEFF:FECFJ;FJG@<JKI8JG8J8I<C:L<IGF
KFK8CD<EK<C8YCK@D8M8CC8

]-<G<ID@K@ITE;FJ@EK<EKFJ:FE;<J:8EJF@EK<ID<;@F

7=/7=8>58
-<ITELCFKF;F@EK<EKFHL<
'F;@=@HL<<CI<:FII@;FHL<J<W8C8<C>IT=@:F

<II@9<F;<JGC8:<8C>LEF;<CFJ:FEFJFM8CC8J

!;>/,+<0G<3-+<A6+;-+<++5-+7B+;

#$ $ #$
!#& $(
%%&Q %%&Q
"
!8=/7-3+./=;/7370/;38;
'
"
!8=/7-3+./=;/7<>9/;38;

'
" d d
'/58-3.+.
' d d
" [d [d
#/<3<=/7-3+
' [d [ d
" [ d
$85=>;++->E=3-+
' [d [d
" d d
3;->3=8./+1353.+.
' d d

-8CKFM<IK@:8C:FEG@<JALEKFJD8I:8DVE@D8I<=C<A8;8<E:<EKVD<KIFJ

OK<EJ@FE<J;<9I8QFJ<EGFJ@:@XE;<K@<II8@E:C@E8;8EYD<IFDVE@DF;<=C<O@FE<J

8II<I8;<D<KIFJC@JFJK@<DGFDTO@DF<OGI<J8;F<EJ<>LE;FJ

8II<I8;<
D<KIFJC@JFJK@<DGFDTO@DF<OGI<J8;F<ED@ELKFJPJ<>LE;FJ

(8K8:@XED<KIFJ<JK@CFC@9I<K@<DGFDTO@DF<OGI<J8;F<ED@ELKFJPJ<>LE;FJ

@I:L@KF;<8>@C@;8;G8I8;<K<ID@E8IC8:8G8:@;8;;<I<8C@Q8I:8D9@FJ;<;@I<::@XEPGFJ@:@XE:FEI8G@;<QK@<DGFDTO@DF
<OGI<J8;F<EJ<>LE;FJ

$7&#0%YYY

!C

&$#% $' #Q%! $#'

-<>YECF<JK89C<:@;F<E<C8E<OF###PJL;<J8IIFCCF<E<C8E<OF#0;<C8,<JFCL:@XE ;<;<89I@C;<
;<CCD@I8EK<$<=<;<JK8;F'8PFI;<C8ID8;8)(YD
8JV:FDF<EJLGFJK<I@FIDF;@=@:8:@XEGFI,<JFCL:@XE
;<;<=<9I<IF;< ;<CCD@I8EK<$<=<;<JK8;F'8PFI;<C8ID8;8)(YD

>:>/<
LHL<J;<JLG<I=@:@<P-L9D8I@EFJ#E:CL@;FJCFJ;<D8I@E8J<OKI8EA<I8J
-<<O:CLP<EC8J/E@;8;<J;<C.I<E(8M8C
PC8JD98I:8:@FE<J;<#EJKIL::@XE

<->+.;355+<.//;87+?/<
.<I:<I8L8IK8+L@EK8-<OK8(FM<E8U:@D8P/E;U:@D8J:L8;I@CC8J

<=+.8<+A8;/<A/0+=>;+<./Q;./7/<+58=/
"8JK8C8<EKI8;8<EM@>FI<C;V8

;<C8#EJKIL::@XE;<C$'GFIC8HL<J<;<J8IIFCC8C8
FI>8E@Q8:@XE;<C8 L<IQ8;<C8ID8;8
JK8;F'8PFI;<CL8IK<C!<E<I8C'8IVK@DFJG8WFC;<CK8@JGFE@9@C@;8;

JK8;F'8PFI;<C!ILGF;</E@;8;<J;<*IFP<::@XE;<C8 CFK8

JK8;FJ'8PFI<J;<)I>8E@Q8:@FE<J#EK<IE8:@FE8C<J

$<=8KLI8;<jI;<E<J;<C8 L<IQ8;<!L<II8(8M8CJG<:@8C

$<=8KLI8;<jI;<E<J;<C8 ]J:L8;I@CC8;<J:FCK8J

$<=8KLI8;<jI;<E<J;<C8 ]J:L8;I@CC8;<J:FCK8J

$<=8KLI8;<jI;<E<J;<C8 L<IQ8;<'<;@;8JFEKI8'@E8J

$<=8KLI8;<jI;<E<J;<C8 ]J:L8;I@CC8;<''

JK8;F'8PFI;<C.<I:@F;<ID8;8

G8IK@I;<C8<EKI8;8<EM@>FI<C;V8

;<C8#EJKIL::@XE;<C$'GFIC8HL<J<;<J8IIFCC8
C8FI>8E@Q8:@XE;<C8 L<IQ8;<C8ID8;8
JK8;F'8PFI;<C8 L<IQ8;<::@XE(8M8C

JK8;F'8PFI;<C!ILGF;<::@XE(8M8C

JK8;F'8PFI;<C)'!#'

86+7.+7-3+/7/;+5./5+70+7=/;G+./+;37+

<=+.8+A8;./5+>/;B+./!;8=/--3I7

;>98<6,+;-+,5/<
!ILGF(8M8C;<*C8P8!,/*&

!ILGFUI<FD98I:89C<!

!ILGFD98I:89C<;<GFPF.U:E@:F!.

&73.+./<./>-/8
-FCF:FEGK@KL;<J;<L:<FP:L8E;FJ<I<8C@:<E8:K@M@;8;<J;<9L:<F
<EKIF;<L:<F;<C8ID8;8
-FCF
GL<JKFJ;<9LQFF9L:<8;FI

/E@;8;;<L:<8;FI<J;<FD98K<

/E@;8;JG<:@8C;<<J8:K@M8:@XE;<OGCFJ@MFJ

/E@;8;<J;<L:<F;<T;@Q8E8I@8JP <IIFC

/E@;8;<J;<L:<8;FI<J;<'<;@;8JFEKI8'@E8J

Q;1+78<./'+58;+-3I7./5+>/;B+
.F;FJ8HL<CCFJ:FII<JGFE;@<EK<J8C8 CFK8 L<IQ8;<::@XE(8M8C L<IQ8;<::@XE'8IVK@D8 L<IQ8;<
#E=8EK<IV8;<'8I@E8 L<IQ8;<'<;@;8JFEKI8'@E8JP-L9D8I@EFJ


%/;-38./;6+.+%#
-FCFJG<:@8C@;8; LE;8D<EK8C#E=8EK<IV8;<'8I@E8

%/;-38<1;>9+-387/<A&73.+./<./$/1>;3.+../5+>/;B+./!;8=/--3I7&!#
-FCFG8I8C8J:8C8;<.IFG8;<CL<IGF;<#E=8EK<IV8;<'8I@E8JG<:@8C@;8;<J LE;8D<EK8C<J;<#E=8EK<IV8
;<'8I@E8P'YJ@:8

.<I:@F;<C(FIK<

.<I:@F;<C-LI

.<I:@F;<&<M8EK<

$7&#0%YYY
>ILG8:@XE;<#E=8EK<IV8;<'8I@E8;<'8;I@;

/E@;8;;<-<>LI@;8;;<8E8I@8J

/E@;8;;<-<>LI@;8;;<C88J<(8M8C;<,FK8


>/;B+./>/;;++?+5<9/-3+5

<->/5+./70+7=/;G+./+;37+/7/;+55,+-/=/A><=/;
C;<CK@<DGF<EC8D@JD8
EE@E>YE:8JF<CK@<DGF89FE8;F<O:<;<IT;< D<J<J

<->/5++?+5353=+;
-XCFJG<:@8C@;8; LE;8D<EK8C'YJ@:8

86+7.+7-3++?+5./35,+8

86+7.+7-3++?+5./$+7$/,+<=3E7

A>.+7=G++?+5./53.+<8+

<=+-387/<#+.38A
-FCFJG<:@8C@;8; LE;8D<EK8C)G<I8:@FE<JP-@JK<D8J)-'PFDLE@:8:@FE<J)'<E;<JK@EFJ;<)-'
b)'

+,37/=/./5
-FCFG<IJFE8C;<#E=8EK<IV8;<'8I@E8;<JK@E8;F:FDF<J:FCK8

59/;<87+5./+;37/;G+-875+<<9/-3+53.+./<>7.+6/7=+5/<./ 9/;+-387/<A$3<=/6+< $A
.6373<=;+-3I7

-@<DGI<HL<<JKUEF:LG8E;F;<JK@EFJ;<)-' ':LDGC@ITEK8D9@UE:FE;@:@FE<J<E

L8IK<C!<E<I8C;<C8ID8;8jI>8EFJ;<C8$*,jI>8EFJ;<C8$&jI>8EFJ;<C8J@KL8;FJ<E
'8;I@;

JK8;FJ'8PFI<J

$<=8KLI8J;<jI;<E<J


$7&#0%YYY

/ÙN

D<=

?#(-+0/3##+0>(4#(+J-2)1+0?

(&- ,,&%--(%*$.(-;-*, &($(-!-+/&($$/&(&-. ./ ,/&%-
(%(% $ .,*,(- (&$(% %,($/,*($ /, 2 $ F;FK@%-
&$&+/ &$ $*$5(*,-&. )&-($ ./-=*(,&$ ,(&/&
2$(,-.F;GF*/&.(-/&($. %*(-,2 (--4*,-.(&.,% &-
(%(-,2 -.($/&., ( F;FH@%-
/& -+/ /,&&$(&2(.(, =
?#(-+)+-/#+)0)'41/)&/+5(#0#+)0-/'()1)#(#)1+'-6>(4#(+H (&- ,,&%--(%*$.(-;-*, &($(-!-+/&($$/&(&-. ./ ,/&%-
F;K@%-
-2)1+0? &$&+/ &$ $*$5(*,-&. )&-($ ./-=
?+(-)00(#'#1/0>(4#(+DH-2)1+0?

L;K
,/5 , .( $ .,@2$@,(&0. ((& -. &. 2(,(#(
/&
,/5 , .( $ .,@2$@,(&0. ((& -. &. 2(5/$(%, $$( K/&
,/5 , .( $ .,@2$@,(&0. ((& -. &. 2($&( J/&
-. &/ (&$,& &,$#, .(@,% I25 -%& (&-(&(,! -&((%*/.,&/&(4&-/*/-.($(.& )&/&,/5
& )&
(&(,! G/& *(,/%/$ )&=
F;K
$ . (&-& 2 /$-&(.-&$(#-,2 (-B*,.(&C
/&
(&(, (&-% $ .,-3.,&#,-B%, .( & 2 /$&(&$ .(-,%(-(&(- )&/&(
K/&
,%-C
(&(, (&-3.,&#,-B$-(& -*(,(,& 5 )&/(,& -%( &.,& (&$C G/&
?+(-)00' 2/##3#'>(4#(+G-2)1+0?

,/5(& -. &. 2(,(#($,&$ , .( J/&
,/5(& -. &. 2(*$.$,&$ , .( I/&
,/5(& -. &. 2($&($,&$ , .( H/&
.BSUFT EFNBZPEF
?
) +/(0/0+)'0'# ##,)>(4#(+DH-2)1+0?=

( & (&$*,.(&(-,*$ )&+/$$(--* ,&.-+/;&$/&($(-
2$(,, $ &(. $($ $- $ (&- $(- (- 0$. %(- '(- BHFGM 4 HFGNC; ( & -/ .(; $- (- BHC 0$. %- $ (&-
&(,%- .(-.&& &((%-2$(, (&-(&>?=&-.-(;-,-.,GF*/&.(-
-*(& $-= (.&, $ % , .%. - $ (&-= *(, ,5(&- #/-. - -($%&. - -*/- , /& BGC -($ $*/&./ )&(.& &$(-%, .(-% $ .,-=(.&,-/&$ )&&. 2;
$ )&;-.(%,$&(.$($-.=*/&./ )& &$,-/$.,%/$. *$ ,G;K*(,$%& (&% , .%. =
.(-)%*/.(-(&- ,,,(=
- &,& &( BKC */&.(- +/$$(- -* ,&.- /4 -* $ /&%&.$
?+/0-#'# 2)()1'>H-2)1+0? *,(& -$% -%+/$+/&$ ((%(*, %,*,,& =,
O=
!?(-'+')6+

(G6 K
($(-2$(,/&%*$(
( H

;?L?L?L?L?L ?L!?>(4#(+HI?=

4FD*71ÃH
$7&#0%YYY
/ÙN
E<=

B)1$12'+3'+/++(+/.2#0#1+)'+0-/1+0?5?)+-+/0/3'+/+)23+)+1/+-/1+
?#)1#12'#,)1)#+02-/#+/=

.2#0#1+0=$0+ B&.,K4GH &(.% (.& &$ $$,.(;.*(,$(-- / &.-( &.-<
*& &( A ($ ,.-3G
$ A ($
/%& -; & -( $-3G;G
!./$( $$,B; ;.=C(,. (-/*, )& $$,.(= %($ A ($ & -; & -$./,$54$$/; & -&& ,!(&($) (3G;H
$$,C3H &-(*(,.,%-/&.!./$(;-)$(-2$(,,$$ )&%-2(,$=
.2#0#1+0=$0+ &( /,, ,. )& 3*,-; $ % $ 3* &. % ( -, $ ,-/$.( $ *$ )& $ - / &. ),%/$<
B&.,K4
A$ )&(.& &%)/$(; 2 *(,$&0%,(%)/$(-+/(%*(&&$/,,!/$($.!./$(=
!./$(& (( ,(% ( GFC3H
&-(*(,.,%-/&.!./$(;-)$(-2$(,,$$ )&%-2(,$=
.20#1+0=$0+>0,'+03'+//2)/.2#0#1+?

,/-($(,% )&*,(- (&$,(-/*, (,= $ )& &$(.& &$*,/-(=&-(*(,.,%-/&*,/;-)$(-2$(,,$$ )&%-
,/-($/& 2,- *,%4(,-HK'(-= 2(,$=
/,-(, &. )&/& 2,- ., = (.% $3* &.% ($. ./$ )&;+/-,$% , .%. $-$ (&-$-%., -/,--*(,$$/%&(=
B&.,K4
H6/,-( $$,.(3*, %&.$=
GFC3H
&( /,, ,. )& 3*,-; $ % $ 3* &. % ( -, $ ,-/$.( $ *$ )& $ - / &. ),%/$<
!./$(& (/*, (,(& (-* $ -.= A$ )&(.& &%)/$(; 2 *(,$&0%,(%)/$(-+/(%*(&&$/,,!/$($.!./$(=
&-(*(,.,%-/&.!./$(;-)$(-2$(,,$$ )&%-2(,$=
./$ )&/& 2,- ., (+/ 2$&.= H(I A HBH*/&.(-C; IBI*/&.(-C=
?+)1#12'#,)1)#+02-/#+/

&( /,, ,. )& 3*,-; $ % $ 3* &. % ( -, $ ,-/$.( $ *$ )& $ - / &. ),%/$<
!./$(& (/*, (,;(&-/-(;& (-* $ -.=3 (*,$*$5-($ .= &.,K4GF A$ )&(.& &%)/$(; 2 *(,$&0%,(%)/$(-+/(%*(&&$/,,!/$($.!./$(=
&-(*(,.,%-/&.!./$(;-)$(-2$(,,$$ )&%-2(,$=
?0+'0)0*)602)#3/0#1/#051$12'+02)#3/0#1/#+0>0+'+03'+//2)+-#,):

0#(-/52)+)+"50#+3'+/-/3#()1+(+

?

,-/*,(<
A-&,$$*,/-($-&-'&5-/& 2,- ., -,(BC=
-($-&-'&5-/& 2,- ., -= G A$$(+/- &./,-.,(&$-$2$/ )& $$,.(*,-($/& 2,- B2@C=
A*,/-($/& 2,- *(,&(,%. 2-&., (,-$-.$ &$GNOH@HFFN;GJ&(2=
A,& $(, . )&*,-* ,&.-*,(&.-(.,(-- -.%-/. 2(-=
,(; *$(%./,/& 2,- ., ;,+/ ../,.& ( && ,!.& = H ($(-2$(,/&.!./$(=
& ./,/& 2,- ., ;,+/ ../,( && ,!= I ($(-2$(,/&.!./$(=
.BSUFT EFNBZPEF
?
#+(
=

!./$($ & (@,/(& $($(!$ (% &$-(&.,/ )& &.,*,. )&&$*, %,
(%3.,&#,(B &$-C=
!./$(& 2$2&5(G(+/ 2$&.=
K
I=I=I=I(-/*, (,=
,. (& 2$ &.,% (H;(+/ 2$&.B$,.(GFJG@HFGM;HH %,C=
H=H=H=H(-/*, (,
I
&%(-*,.(--.&,&/&.$ -*(- )& (&$-/&$,&@LNO@HFGH;IF%,5(=(-2$(,,/&*, $
?1/+0##+(0'+0'/+0#)1/0-/'0= $ &1!-. ((&$0&,-( &, (,/&(=*/&./ )&%3 %$-/%$(-(&*.(-C4C&(*(,-/*,,$(-N*/&.(-=
!./$($ & (@,/(& $($(! (% &.,-*,$-(&.,/ )& &.,*,. )&
&$*, %, (%3.,&#,(B &.,-*,$-C=
H
!./$(& 2$2&5(G(+/ 2$&.=
I=I=I=I(-/*, (,=
,. (& 2$ &.,% (H;(+/ 2$&.B$,.(GFJG@HFGM;HH %,C=
H=H=H=H(-/*, (,
G

;@?+?AL?L?L?>(4#(+FH2)+)+04#&1#12'#,)1)#+02-/#+/5ED-2)1+02)+04#&#"1#12'#,)?=


;

L

<>(4#(+KE2)+)+04#&1#12'#,)1)#+02-/#+/5IJ-2)1+02)+0

4#&#"1#12'#,)?=

4FD*71ÃH
$7&#0%YYY
%

%

" $# !! !! " !

&
&
&
& #
#
& #
#
&
&
&
&
& '
& '
&
& % "
& %
&

&

&
(
$
&

"

&

"

&
"

"

(
( "

!&

!
!

("

( "

(


$7&#0%YYY


!"'(&$"
!"'(&$"
%&#"'+'(!'

#'( &
#!"(#+'()&$"
%&#*'#"!"(#

&!')!&"'
&!' &( &+
' '

%&#"'+'(!'

#!)"#"'
#!)"#"'+'(!'"#&!$"
%&#"'+'(!'

"
"&+ &#%) '$" (&

"&+ &#%) '$"

"#&+*$"
"#&+*$"

%&#"'+'(!'
#"&
'(!'
(&$"
'(!'(#'

&$"&#
""(&
&" ""(&
&"

%

&#($"+%#+# )&,
)&+"'
%&#"'&'
&#($" )&,+%#+# '%&#"'
#'( &
#'(&
"'( #"'+!"'(&$"

"("!"(#%&(*#

"("!"(#&#"*'

"("!"(#&#")(#

"("!"(#) #'

"("!"(#&!!"(#

"("!"(#%&(*#

"("!"(# (&$"

" #!)"#"'+ (&$"
#"(&# &#
#"(&# &# '(!'"#&!$"+ #!)"#"'

"#+#"(&#

"("!"(#%&(*#
'(!'"#&!$"+ #!)"#"'

" #!)"#"'+ (&$"
!"'(&$" !"'(&$"

$7&#0%YYY

Suboficialespromocion2019 PDF

Cargado por

Información del documento

Título original

Derechos de autor

Formatos disponibles

Compartir este documento

Compartir o incrustar documentos

Opciones para compartir

¿Le pareció útil este documento?

¿Este contenido es inapropiado?

Copyright:

Formatos disponibles

Suboficialespromocion2019 PDF

Cargado por

Copyright:

Formatos disponibles

BOLETÍN OFICIAL DEL MINISTERIO DE DEFENSA

/ÙN .BSUFT EFNBZPEF 4FD*71ÃH

Resolución de 7 de mayo, de la Subsecretaría, por la que se convocan los procesos

)I;<E ;< ;<D8IQF)EYD<IF;<;<89I@CGFIC8HL<J<8GIL<98EC8JEFID8J

70+7=/;G+31/;+

>=868-3I7

Madrid, 7 de mayo de 2019.—El Subsecretario de Defensa, Alejo de la Torre de la Calle.

;D@E@JKI8:@XE ;D@E@JKI8:@XEP @E8EQ8J

<:FE=FID@;8;:FECF<JK89C<:@;F<E<C8IKV:LCF ;<C8&<P ;< ;<89I@C;<.8J8JP*I<:@FJ

# $&#$ ,531+=8;3+6/7=/37.3-+;$8

Marque con una “X” lo que proceda:

( $###% #$D*$%#&Q$%#% )'&Q

$%#& $!###)%#%# #&# $ %&

#% C

#% +L<FEFW8

:8II<I8;< D<KIFJ-FCKLI88:LTK@:8D<KIFJP>@C@;8;

;<JK@EF Verificable en IUUQTTFEFEFGFOTBHPCFTBDDFEBCPE

" $# !! !! " !

BOLETÍN OFICIAL DEL MINISTERIO DE DEFENSA

También podría gustarte

Suboficialespromocion2019 PDF

Cargado por

Información del documento

Título original

Derechos de autor

Formatos disponibles

Compartir este documento

Compartir o incrustar documentos

Opciones para compartir

¿Le pareció útil este documento?

¿Este contenido es inapropiado?

Copyright:

Formatos disponibles

Suboficialespromocion2019 PDF

Cargado por

Copyright:

Formatos disponibles

BOLETÍN OFICIAL DEL MINISTERIO DE DEFENSA

/ÙN .BSUFT EFNBZPEF 4FD*71ÃH

Resolución de 7 de mayo, de la Subsecretaría, por la que se convocan los procesos

)I;<E   ;< ;<D8IQF)EYD<IF;<;<89I@CGFIC8HL<J<8GIL<98EC8JEFID8J

70+7=/;G+31/;+    

>=868-3I7     

   

Madrid, 7 de mayo de 2019.—El Subsecretario de Defensa, Alejo de la Torre de la Calle.

;D@E@JKI8:@XE ;D@E@JKI8:@XEP @E8EQ8J

<:FE=FID@;8;:FECF<JK89C<:@;F<E<C8IKV:LCF ;<C8&<P ;< ;<89I@C;<.8J8JP*I<:@FJ

# $&#$ ,531+=8;3+6/7=/37.3-+;$8 

Marque con una “X” lo que proceda:

( $###% #$D*$%#&Q$%#% )'&Q

$%#& $!###)%#%# #&# $ %&

  #% C 

#% +L<FE FW8

:8II<I8;< D<KIFJ-FCKLI88:LTK@:8 D<KIFJP>@C@;8;

;<JK@EF Verificable en IUUQTTFEFEFGFOTBHPCFTBDDFEBCPE

" $# !! !! "  !

BOLETÍN OFICIAL DEL MINISTERIO DE DEFENSA

También podría gustarte

/ÙN .BSUFT EFNBZPEF 4FD*71ÃH

)I;<E ;< ;<D8IQF)EYD<IF;<;<89I@CGFIC8HL<J<8GIL<98EC8JEFID8J

70+7=/;G+31/;+

>=868-3I7

;D@E@JKI8:@XE ;D@E@JKI8:@XEP @E8EQ8J

<:FE=FID@;8;:FECF<JK89C<:@;F<E<C8IKV:LCF ;<C8&<P ;< ;<89I@C;<.8J8JP*I<:@FJ

# $&#$ ,531+=8;3+6/7=/37.3-+;$8

( $###% #$D*$%#&Q$%#% )'&Q

$%#& $!###)%#%# #&# $ %&

#% C

#% +L<FEFW8

:8II<I8;< D<KIFJ-FCKLI88:LTK@:8D<KIFJP>@C@;8;

;<JK@EF Verificable en IUUQTTFEFEFGFOTBHPCFTBDDFEBCPE

" $# !! !! " !