Quarterlytics / Financial Services / Banks - Regional / 1st Source Corporation / FY2025 Annual Report

1st Source Corporation
Annual Report 2025

SRCE · NASDAQ Financial Services
Claim this profile
Ticker SRCE
Exchange NASDAQ
Sector Financial Services
Industry Banks - Regional
Employees 1205
Overview Research & Coverage Annual Reports FAQ Peers Earnings Calls Financials News
← All annual reports
FY2025 Annual Report · 1st Source Corporation
Download report (PDF)
Loading PDF…
2 0 2 5  A N N U A L  R E P O R T

7D?>		

$'" 
"1B;$>5
##*!'%$')%*'(*#))$()$#$'4 $)(*')(-#)$
?BD8569C31<I51B5>454535=25B


$'
)'#()$#'%$')%*'(*#))$()$#$'4$)(*')(-#)$
?BD85DB1>C9D9?>@5B9?46B?=D?
?==9CC9?>69<5>E=25B

CD(?EB35?B@?B1D9?>
M68IC6B:D;G:<>HIG6CI6HHE:8>;>:9>C>IH8=6GI:G
>491>1

,I6I:DGDI=:G?JG>H9>8I>DCD;>C8DGEDG6I>DCDGDG<6C>O6I>DC
"+,BEADN:G"9:CI>;>86I>DC'D
#?BD8"938971>(DB55D
,DJI=:C9	 "'

99G:HHD;EG>C8>E6A:M:8JI>K:D;;>8:H
3>ED9:
+:<>HIG6CIXHI:A:E=DC:CJB7:G	>C8AJ9>C<6G:68D9:


,:8JG>I>:HG:<>HI:G:9EJGHJ6CIID,:8I>DC7D;I=:8I
)9D<5?651383<1CC
)B149>7(I=2?<C
#1=5?651385H381>75?>G8938B579CD5B54
DBBDC,ID8@TL>I=DJIE6GK6AJ:
,+
-=:',*,ID8@&6G@:I%%
,:8JG>I>:HG:<>HI:G:9EJGHJ6CIID,:8I>DC<D;I=:8I#?>5
"C9>86I:7N8=:8@B6G@>;I=:G:<>HIG6CI>H6L:AA
@CDLCH:6HDC:9>HHJ:G	6H9:;>C:9>C+JA:
D;I=:,:8JG>I>:H8I2:H  'D 
"C9>86I:7N8=:8@B6G@>;I=:G:<>HIG6CI>HCDIG:FJ>G:9ID;>A:G:EDGIHEJGHJ6CIID,:8I>DCDG,:8I>DC9D;I=:8I2:H 'D 
"C9>86I:7N8=:8@B6G@L=:I=:GI=:G:<>HIG6CI=6H;>A:96AAG:EDGIHG:FJ>G:9ID7:;>A:97N,:8I>DCDG9D;I=:,:8JG>I>:HM8=6C<:8ID;
9JG>C<I=:EG:8:9>C<BDCI=HDG;DGHJ8=H=DGI:GE:G>D9I=6II=:G:<>HIG6CIL6HG:FJ>G:9ID;>A:HJ8=G:EDGIH	6C9=6H7::CHJ7?:8IIDHJ8=
;>A>C<G:FJ>G:B:CIH;DGI=:E6HI
96NH2:H 'D
"C9>86I:7N8=:8@B6G@L=:I=:GI=:G:<>HIG6CI=6HHJ7B>II:9:A:8IGDC>86AAN:K:GN"CI:G68I>K:6I6>A:G:FJ>G:9ID7:HJ7B>II:9EJGHJ6CIID+JA:

D;+:DC,
-P
D;I=>H8=6EI:G9JG>C<I=:EG:8:9>C<BDCI=HDG;DGHJ8=H=DGI:GE:G>D9I=6II=:G:<>HIG6CIL6HG:FJ>G:9IDHJ7B>I
HJ8=;>A:H2:H 'D
"C9>86I:7N8=:8@B6G@L=:I=:GI=:G:<>HIG6CI>H6A6G<:688:A:G6I:9;>A:G	6C688:A:G6I:9;>A:G	6CDC
688:A:G6I:9;>A:G	6HB6AA:GG:EDGI>C<8DBE6CN	DG
6C :B:G<>C< C>I>DCH D; UA6G<: 688:A:G6I:9 ;>A:G	V U688:A:G6I:9 ;>A:G	V UHB6AA:G G:EDGI>C< 8DBE6CN	V 6C9 U:B:G<>C<
C+JA:7
D;I=:M8=6C<:8I
%6G<:688:A:G6I:9;>A:G

88:A:G6I:9;>A:G

'DC
688:A:G6I:9;>A:G

,B6AA:GG:EDGI>C<8DBE6CN

B:G<>C<C<C9>86I:7N8=:8@B6G@>;I=:G:<>HIG6CI=6H:A:8I:9CDIIDJH:I=::MI:C9:9IG6CH>I>DCE:G>D9;DG8DBEAN>C<L>I=6CN
C:LDGG:K>H:9;>C6C8>6A688DJCI>C<HI6C96G9HEGDK>9:9EJGHJ6CIID,:8I>DC6D;I=:M8=6C<:8I
"C9>86I:7N8=:8@B6G@L=:I=:GI=:G:<>HIG6CI=6H;>A:96G:EDGIDC6C96II:HI6I>DCID>IHB6C6<:B:CIXH6HH:HHB:CID;I=::;;:8I>K:C:HHD;>IH>CI:GC6A
8DCIGDADK:G;>C6C8>6AG:EDGI>C<JC9:G,:8I>DC
7D;I=:,6G76C:H
(MA:N8I.,77NI=:G:<>HI:G:9EJ7A>8688DJCI>C<;>GBI=6I
EG:E6G:9DG>HHJ:9>IH6J9>IG:EDGI
";H:8JG>I>:H6G:G:<>HI:G:9EJGHJ6CIID,:8I>DC7D;I=:8I	>C9>86I:7N8=:8@B6G@L=:I=:GI=:;>C6C8>6AHI6I:B:CIHD;I=:G:<>HIG6CI>C8AJ9:9>C
I=:;>A>C<G:;A:8II=:8DGG:8I>DCD;6C:GGDGIDEG:K>DJHAN>HHJ:9;>C6C8>6AHI6I:B:CIH
"C9>86I:7N8=:8@B6G@L=:I=:G6CND;I=DH::GGDG8DGG:8I>DCH6G:G:HI6I:B:CIHI=6IG:FJ>G:96G:8DK:GN6C6ANH>HD;>C8:CI>K:
76H:98DBE:CH6I>DC
G:8:>K:97N6CND;I=:G:<>HIG6CIXH:M:8JI>K:D;;>8:GH9JG>C<I=:G:A:K6CIG:8DK:GNE:G>D9EJGHJ6CIIDP


7
"C9>86I:7N8=:8@B6G@L=:I=:GI=:G:<>HIG6CI>H6H=:AA8DBE6CN6H9:;>C:9>C+JA:7
D;I=:8I2:H'D
-=:6<C<8DBBDCHID8@=:A97NCDC
6;;>A>6I:HD;I=:G:<>HIG6CI6HD;#JC:
	
L6H			
-=: CJB7:G D; H=6G:H DJIHI6C9>C< D; :68= D; I=: G:<>HIG6CIXH 8A6HH:H D; HID8@ 6H D; :7GJ6GN 	 
 DBBDC ,ID8@	 L>I=DJI E6G K6AJ: T
	
	H=6G:H
$*"#)(#$'%$').''#
)DGI>DCHD;I=:
)GDMN,I6I:B:CI;DGI=:
6CCJ6AB::I>C<D;H=6G:=DA9:GHID7:=:A9EG>A	
	6G:>C8DGEDG6I:97NG:;:G:C8:>CID)6GI
"""

Q
,+

DGB
$

)!$$#)#)(
%1BD


"I:B
JH>C:HH

"I:B
+>H@68IDGH

"I:B
.CG:HDAK:9,I6;;DBB:CIH

"I:B
N7:GH:8JG>IN

"I:B
)GDE:GI>:H

"I:B
%:<6A)GD8::9>CC:,6;:IN>H8ADHJG:H

%1BD


"I:B
&6G@:I;DG+:<>HIG6CIXHDBBDCFJ>IN	+:A6I:9,ID8@=DA9:G&6II:GH6C9"HHJ:G)JG8=6H:HD;FJ>IN
,:8JG>I>:H

"I:B
4+:H:GK:95

"I:B
&6C6<:B:CIXH>H8JHH>DC6C9C6ANH>HD;>C6C8>6ADC9>I>DC6C9+:HJAIHD;(E:G6I>DCH

"I:B
*J6CI>I6I>K:6C9*J6A>I6I>K:>H8ADHJG:H7DJI&6G@:I+>H@

"I:B
>C6C8>6A,I6I:B:CIH6C9,JEEA:B:CI6GN6I6



+:EDGIHD;"C9:E:C9:CI+:<>HI:G:9)J7A>888DJCI>C<>GB



DCHDA>96I:9,I6I:B:CIHD;>C6C8>6ADC9>I>DC



DCHDA>96I:9,I6I:B:CIHD;"C8DB:



DCHDA>96I:9,I6I:B:CIHD;DBEG:=:CH>K:"C8DB:



DCHDA>96I:9,I6I:B:CIHD;,=6G:=DA9:GHXFJ>IN



DCHDA>96I:9,I6I:B:CIHD;6H=ADLH



'DI:HIDDCHDA>96I:9>C6C8>6A,I6I:B:CIH

"I:B
=6C<:H>C6C9>H6I=88DJCI6CIHDC88DJCI>C<6C9>C6C8>6A>H8ADHJG:

"I:B
DCIGDAH6C9)GD8:9JG:H

"I:B
(I=:G"C;DGB6I>DC

"I:B
>H8ADHJG:+:<6G9>C<DG:>H9>8I>DCHI=6I)G:K:CI"CHE:8I>DCH

%1BD


"I:B

>G:8IDGH	M:8JI>K:(;;>8:GH6C9DGEDG6I: DK:GC6C8:

"I:B
M:8JI>K:DBE:CH6I>DC

"I:B
,:8JG>IN(LC:GH=>ED;:GI6>C:C:;>8>6A(LC:GH6C9&6C6<:B:CI6C9+:A6I:9,ID8@=DA9:G&6II:GH

"I:B
:GI6>C+:A6I>DCH=>EH6C9+:A6I:9-G6CH68I>DCH	6C9>G:8IDG"C9:E:C9:C8:

"I:B
)G>C8>E6A88DJCI6CI::H6C9,:GK>8:H

%1BD+


"I:B
M=>7>IH6C9>C6C8>6A,I6I:B:CI,8=:9JA:H

"I:B
DGB
$,JBB6GN

,>;>86I>DCH


Q
,+

DGB
$

%1BD
D5=	EC9>5CC
,-,(.+(+)(+-"('
HI,DJG8:DGEDG6I>DC	6C"C9>6C68DGEDG6I>DC>C8DGEDG6I:9>C	>H676C@=DA9>C<8DBE6CN=:69FJ6GI:G:9>C,DJI=:C9	
"C9>6C6I=6IEGDK>9:H	I=GDJ<=>IHHJ7H>9>6G>:H8DAA:8I>K:ANG:;:GG:9ID6HUHI,DJG8:V	I=:UDBE6CNV	UL:V	6C9UDJGV	6
7GD69 6GG6N D; ;>C6C8>6A EGD9J8IH 6C9 H:GK>8:H HI ,DJG8: 6C@ U6C@V	 >IH L=DAAN
DLC:9 76C@>C< HJ7H>9>6GN	 D;;:GH
8DBB:G8>6A6C98DCHJB:G76C@>C<H:GK>8:H	IGJHI6C9L:6AI=69K>HDGNH:GK>8:H	6C9>CHJG6C8:ID>C9>K>9J6A6C97JH>C:HH8A>:CIH
I=GDJ<=HI,DJG8:"CHJG6C8:	"C8;GDBBDHID;DJG76C@>C<8:CI:GAD86I>DCH>C8DJCI>:H>C"C9>6C66C9&>8=><6C6C9
,6G6HDI6 DJCIN >C ADG>96 HI ,DJG8: 6C@XH ,E:8>6AIN >C6C8:  GDJE	 L>I=  AD86I>DCH C6I>DCL>9:	 D;;:GH HE:8>6A>O:9
;>C6C8>C<H:GK>8:H;DG8DCHIGJ8I>DC:FJ>EB:CI	C:L6C9EG:
DLC:9EG>K6I:6C986GG8G6;I	6C9K6G>DJHK:=>8A:INE:H86GH	
IGJ8@H	K6CH;DG;A::IEJGEDH:H0=>A:DJG,E:8>6AIN>C6C8:A:C9>C<EDGI;DA>D>H8DC8:CIG6I:9>C8:GI6>C:FJ>EB:CIINE:H	L:
H:GK: 6 9>K:GH: 8A>:CI 76H: 0: 6G: CDI 9:E:C9:CI JEDC 6CN H>CC9JHIGN DG 8A>:CI I :8:B7:G 	 
	 L: =69
8DCHDA>96I:9 IDI6A 6HH:IH D; 
 7>AA>DC	 IDI6A AD6CH 6C9 A:6H:H D; 
 7>AA>DC	 IDI6A 9:EDH>IH D;  7>AA>DC	 6C9 IDI6A
H=6G:=DA9:GHX:FJ>IND;7>AA>DC
(JGEG>C8>E6A:M:8JI>K:D;;>8:>HAD86I:96I

'DGI=&>8=><6C,IG::I	,DJI=:C9	"C9>6C6
6C9DJGI:A:E=DC:CJB7:G>H




88:HHIDDJG6CCJ6AG:EDGIDCDGB
$	FJ6GI:GANG:EDGIHDCDGB
*	8JGG:CIG:EDGIHDCDGB
$	6C9
6AA6B:C9B:CIHIDI=DH:G:EDGIH>H6K6>A67A:	;G::D;8=6G<:	6ILLLHIHDJG8:8DBHDDC6;I:GI=:B6I:G>6A>H:A:8IGDC>86AAN;>A:9
L>I= DG ;JGC>H=:9 ID I=: ,:8JG>I>:H 6C9 M8=6C<: DBB>HH>DC , "C;DGB6I>DC DC DJG L:7H>I: >H CDI >C8DGEDG6I:9 7N
G:;:G:C8:>CIDI=>HDGB
$DGDJGDI=:GEJ7A>8;>A>CCI6>CH6C"CI:GC:IH>I:I=6I8DCI6>CHG:EDGIH	EGDMN6C9
>C;DGB6I>DCHI6I:B:CIH	6C9DI=:G>C;DGB6I>DCG:<6G9>C<>HHJ:GHI=6I;>A::A:8IGDC>86AANL>I=I=:,6ILLLH:85CC(5BF935CTHI,DJG8:6C@EGDK>9:H8DBB:G8>6A	HB6AA7JH>C:HH	68JAIJG6A	6C9G:6A:HI6I:AD6CHEG>B6G>ANID
EG>K6I:ANDLC:97JH>C:HH:HID;>C6C8:>C9JHIG>6A6C98DBB:G8>6AEGDE:GI>:H	:FJ>EB:CI	>CK:CIDG>:H6C9688DJCIHG:8:>K67A:	
68FJ>H>I>DCH 6C9 ;DG <:C:G6A 8DGEDG6I: EJGEDH:H (I=:G 7JH>C:HH H:GK>8:H >C8AJ9: 8DBB:G8>6A A:6H>C<	 IG:6HJGN B6C6<:B:CI
H:GK>8:H	E6NB:CIH:GK>8:H>C8AJ9>C<9><>I6A6C9G:6AI>B:>BB:9>6I:E6NB:CIH	:9L>G:H	!6C9B:G8=6CIH:GK>8:H	6C9
G:I>G:B:CIEA6CC>C<H:GK>8:H
'5>5G12<5>5B7I9>1>39>7THI,DJG8:6C@EGDK>9:H;>C6C8>C<;DG8DBB:G8>6AHDA6GEGD?:8IH68GDHHI=:8DCI>I:9 ,I6I:H	 L>I= 6 ;D8JH >C I=: 'DGI=:6HI 6C9 &>9L:HI 0: EGDK>9: 8DCHIGJ8I>DC 6C9 E:GB6C:CI AD6CH	 6C9 I6M :FJ>IN
>CK:HIB:CIH;DG8DBBJC>INHDA6G	8DBB:G8>6A6C9>C9JHIG>6A	HB6AAJI>A>INH86A:	JC>K:GH>IN	6C9BJC>8>E6AEGD?:8IH)GD?:8IH>O:H
<:C:G6AANG6C<:;GDB;>K:B:<6L6IIHID
B:<6L6IIH
?>CE=5B(5BF935CTHI,DJG8:6C@EGDK>9:H6;JAAG6C<:D;8DCHJB:G76C@>C<EGD9J8IH6C9H:GK>8:HI=GDJ<=DJG76C@>C<
8:CI:GH	K>GIJ6AG6C8=	8A>:CIH:GK>8:8:CI:G	6C9DC
A>C:-G69>I>DC6A76C@>C<H:GK>8:H>C8AJ9:8=:8@>C<6C9H6K>C;>86I:HD;9:EDH>IH	!:6AI=,6K>CK>9J6A+:I>G:B:CI88DJCIH6HL:AA6HAD6CH	8G:9>I86G9H	BDGI<6<:H
6C9=DB::FJ>INA>C:HD;8G:9>IHI,DJG8:6AHDD;;:GH6;JAAA>C:D;DC
A>C:6C9BD7>A:76C@>C<EGD9J8IH(JGJIDB6I:9-:AA:G
&68=>C:C:ILDG@HJEEDGIHDJG9:7>I6C98G:9>I86G9EGDA>INIDD7I6>C8DCHJB:GAD6CH	8G:9>I
86G9H	G:6A:HI6I:BDGI<6<:AD6CH6C9=DB::FJ>INA>C:HD;8G:9>I>C6CND;DJG76C@>C<8:CI:GHDGDC
A>C:HI,DJG8:6AHDD;;:GH
>CHJG6C8:EGD9J8IHI=GDJ<=HI,DJG8:"CHJG6C8:D;;>8:HDG>CDJG76C@>C<8:CI:GH0:6AHDD;;:G6K6G>:IND;;>C6C8>6AEA6CC>C<
I=GDJ<=DJGC:ILDG@D;;>C6C8>6A69K>HDGH	;>C6C8>6AA>I:G68N	6C9DI=:G8DCHJAI6I>K:H:GK>8:H
)BECD1>4,519:H6L>9:G6C<:D;IGJHI	>CK:HIB:CI	6<:C8N	6C98JHID9>6A
H:GK>8:H;DG>C9>K>9J6A	:HI6I:6C9IGJHI	8DGEDG6I:	6C9CDI
;DG
EGD;>I8A>:CIH	6HL:AA6H:BEADN::7:C:;>IEA6CH6C98=6G>I67A:
;DJC96I>DCH
(@53911>35B?E@(5BF935CT(JG,E:8>6AIN>C6C8: GDJEEGDK>9:H8DBEG:=:CH>K:8DBB:G8>6AC:L6C9EG:
DLC:9
:FJ>EB:CIAD6C6C9A:6H:EGD9J8IH>C;DJG6G:6H8DCHIGJ8I>DC:FJ>EB:CI6>G8G6;I6JID6C9A><=IIGJ8@H6C9B:9>JB6C9=:6KN
9JINIGJ8@H
DCHIGJ8I>DC:FJ>EB:CI;>C6C8>C<>C8AJ9:H;>C6C8>C<D;C:L6C9EG:
DLC:9:FJ>EB:CI>:	7JAA9DO:GH	:M86K6IDGH	
8G6C:H	AD69:GH	6C96HE=6AI6C98DC8G:I:EA6CIH:I8DCHIGJ8I>DC:FJ>EB:CI;>C6C8:G:A6I>DCH=>EHL=>8=B6N>C8AJ9:
BJAI>EA:E>:8:HD;:FJ>EB:CI<:C:G6AANG6C<:;GDB

	


ID
B>AA>DCL>I=;>M:9DGK6G>67A:>CI:G:HIG6I:H6C9
I:GBHD;DC:IDI:CN:6GH
>G8G6;I;>C6C8>C<8DCH>HIHD;;>C6C8>C6I>DC6>G8G6;I>C8AJ9>C<=:A>8DEI:GH;DG
EG>K6I:6C98DGEDG6I:JH:GH	H:A:8I6>G8G6;I9>HIG>7JIDGH6C99:6A:GH	8=6GI:GDE:G6IDGH	86G:GH	6C9DI=:G6>G8G6;I
DE:G6IDGHHI,DJG8:6C@6AHDEGDK>9:HH:A:8I>K:>CI:GC6I>DC6A6>G8G6;I;>C6C8>C<	EG>B6G>AN>C&:M>8D6C9G6O>A
>G8G6;I;>C6C8:G:A6I>DCH=>EH<:C:G6AANG6C<:;GDB

	


ID
B>AA>DCL>I=;>M:9DGK6G>67A:>CI:G:HIG6I:H6C9
I:GBHD;DC:ID:A:K:CN:6GH

Q
,+

DGB
$

0:D;;:G6JID6C9A><=IIGJ8@;A::I;>C6C8>C<;DGC:L6C9EG:
DLC:9K:=>8A:HID6JIDBD7>A:6C9A><=IIGJ8@G:CI6A
8DBE6C>:H	 8DBB:G8>6A A:6H>C< 8DBE6C>:H	 6C9 6 A>B>I:9 CJB7:G D; H>CI ;>C6C8>C< ;DG JH:GH D; HE:8>6AIN
K:=>8A:HHI:EK6CH	KD86I>DC6ALDG@IGJ8@H	BDIDG8D68=:H	H=JIIA:7JH:H6C9;JC:G6A86GH-=:6JID6C9A><=IIGJ8@
;>C6C8:G:A6I>DCH=>EH<:C:G6AANG6C<:;GDB

	


ID
B>AA>DCL>I=;>M:9DGK6G>67A:>CI:G:HIG6I:H6C9I:GBHD;
DC:ID:><=IN:6GH
-=:B:9>JB6C9=:6KN9JINIGJ8@9>K>H>DCEGDK>9:HC:L6C9EG:
DLC:9;A::I;>C6C8>C<;DG=><=L6NIG68IDGH	B:9>JB
9JINIGJ8@H6C9IG6>A:GHIDI=:IGJ8@>C<>C9JHIGN&:9>JB6C9=:6KN9JINIGJ8@;>C6C8:G:A6I>DCH=>EH<:C:G6AANG6C<:
;GDB
	


IDB>AA>DCL>I=;>M:9DGK6G>67A:>CI:G:HIG6I:H6C9I:GBHD;I=G::ID:><=IN:6GH
-=:,E:8>6AIN>C6C8: GDJEDE:G6I:HI=GDJ<=HI,DJG8:6C@6C9>IHHJ7H>9>6G>:H>C8AJ9>C<&>8=><6C-G6CHEDGI6I>DC>C6C8:
DGEDG6I>DC	HI,DJG8:,E:8>6AIN>C6C8:	"C8	, >G8G6;I	"C8	HI,DJG8:"CI:GB:9>6I:!DA9>C<	%%	, DBB:G8>6A
>G8G6;I%:6H>C<	"C8	6C9, FJ>EB:CI%:6H>C<DGEDG6I>DC"
,-,(.+"',.+'	"'
HI,DJG8:"CHJG6C8:	"C8>HDJG>CHJG6C8:6<:C8NHJ7H>9>6GNEA68>C<EGDE:GIN6C986HJ6AIN	>C9>K>9J6A6C9;:>CHJG6C8:;DG>C9>K>9J6AH6C97JH>C:HH:HHI,DJG8:"CHJG6C8:	"C8=6HI=>GI::CD;;>8:H
(-!+(',(%"-,.,""+",
HI)DGI;DA>D&6C6<:B:CI	"C8DLCH6C9B6C6<:H8:GI6>C6K6>A67A:
;DG
H6A:>CK:HIB:CIH:8JG>I>:H
HI,DJG8:6C@>HI=:B6C6<>C<<:C:G6AE6GIC:G>C;DJGHJ7H>9>6G>:HI=6I=6K:>CI:G:HIH>CI6M
69K6CI6<:9>CK:HIB:CIHL>I=
I=>G9E6GI>:H
0:=6K:DI=:GHJ7H>9>6G>:HI=6I6G:CDIH>;>86CIIDI=:8DCHDA>96I:9:CI>IN
,-,(.+&,-+-+.,-
HI,DJG8:&6HI:G-GJHI>H6CJC8DCHDA>96I:9HJ7H>9>6GN8G:6I:9ID>HHJ:

B>AA>DCD;IGJHIEG:;:GG:9H:8JG>I>:H6C9A:C9>C<
I=:EGD8::9HIDHI,DJG8:0:B>I:976H>H	E6NB:CIHD;9>HIG>7JI>DCHDCI=:IGJHIEG:;:GG:9H:8JG>I>:H6C9
E6NB:CIHDCG:9:BEI>DCD;I=:IGJHIEG:;:GG:9H:8JG>I>:H
(&)-"-"('
0:8DBE:I:L>I=DI=:G76C@H	HDB:D;L=>8=6G:6;;>A>6I:9L>I=A6G<:76C@=DA9>C<8DBE6C>:H=:69FJ6GI:G:9DJIH>9:D;DJG
EG>C8>E6A B6G@:I -=: 6C@ 6AHD 8DBE:I:H L>I= DI=:G ;>C6C8>6A H:GK>8: 8DBE6C>:H	 HJ8= 6H 8G:9>I JC>DCH	 H:8JG>I>:H ;>GBH	
>CHJG6C8: 8DBE6C>:H	 ;>C6C8: DG BDGI<6<: 8DBE6C>:H	 G:6A :HI6I: >CK:HIB:CI IGJHIH	 6C9 HDB: :H 0:
<:C:G6AAN8DBE:I:DCI=:76H>HD;8A>:CIH:GK>8:6C9G:HEDCH>K:C:HHID8A>:CIC::9H	6K6>A67A:AD6C6C99:EDH>IEGD9J8IH	I=:
G6I:HD;>CI:G:HI8=6G<:9DCAD6CH6C9A:6H:H	I=:G6I:HD;>CI:G:HIE6>9;DG;JC9H	DI=:G8G:9>I6C9H:GK>8:8=6G<:H	I=:FJ6A>IND;
H:GK>8:HG:C9:G:9	I=:8DCK:C>:C8:D;76C@>C<;68>A>I>:H	6C9>CI=:86H:D;AD6CH6C9A:6H:HIDA6G<:8DBB:G8>6A7DGGDL:GH	
G:A6I>K:A:C9>C<A>B>IH
99>I>DC6A 8DBE:I>I>DC ;DG 9:EDH>IDGHX ;JC9H 8DB:H ;GDB .C>I:9 ,I6I:H  DK:GCB:CI H:8JG>I>:H	 EG>K6I: >HHJ:GH D; 9:7I
D7A><6I>DCH	6C9HJEEA>:GHD;DI=:G>CK:HIB:CI6AI:GC6I>K:H;DG9:EDH>IDGH&6CND;DJGCDC
76C@8DBE:I>IDGH6G:CDIHJ7?:8IID
I=:H6B::MI:CH>K::9:G6A6C9,I6I:G:DCHI=6IC<8DBE6C>:H6C976C@H,J8=CDC
76C@8DBE:I>IDGH
B6N	6H6G:HJAI	=6K:8:GI6>C69K6CI6<:HDK:GJH>CEGDK>9>C<HDB:H:GK>8:H
0:8DBE:I:6<6>CHII=:H:;>C6C8>6A>CHI>IJI>DCH7N7:>C<8DCK:C>:CIID9D7JH>C:HHL>I=	6C97NI6@>C<I=:I>B:IDA>HI:C6C9
JC9:GHI6C9 DJG 8A>:CIHX C::9H 0: 9:A>K:G E:GHDC6A>O:9	 DC:
DC
DC: 76C@>C< I=GDJ<= @CDLA:9<:67A: AD86A B:B7:GH D; I=:
8DBBJC>IN6AL6NH@::E>C<I=:8A>:CIHX7:HI>CI:G:HI>CB>C9L=>A:D;;:G>C<6;JAA6GG6ND;EGD9J8IH6C9=><=ANE:GHDC6A>O:9
H:GK>8:H0:G:ANDCDJG=>HIDGN6C9DJGG:EJI6I>DC>CCDGI=:GC"C9>6C696I>C<768@ID
(.+)()%
I:8:B7:G	
	L:=696EEGDM>B6I:AN	
8DAA:6B::FJ>K6A:CI76H>HH6H:GK>8:
9G>K:C7JH>C:HH	
DJGADC<
I:GBHJ88:HH9:E:C9HDCDJGE:DEA:C96HL:=6K:BEDGI6C8:D;DJGI6A:CIHIG6I:CI:CH>;>:90:
6G:8DBB>II:9ID6BJAI>
9>B:CH>DC6A6EEGD68=IDI6A:CI6C98JAIJG:
,$($("(& (. 0 &)*' (.T0:7:A>:K:68G>I>86A9G>K:GD;DJG;JIJG:HI=:67>A>INID9:
9:K:ADEB:CI6ADEEDGIJC>I>:H;DGDJG8DAA:6C;DGB6AEGDK:GH>IN:C67A:H8DAA:6A9H@>AAH6C9@CDLA:9<:>CBJAI>EA:;68:IHD;DJG7JH>C:HH
Q
"C
	HI,DJG8:8DAA:6C>C<BD9JA:H8DCH>HI>C<D;DK:G
9>;;:G:CI8DJGH:H6C9
B6I:G>6AH 8DK:G>C< IDE>8H HJ8= 6H G:DCH	 A:69:GH=>E 9:K:ADEB:CI	 G:A6I>DCH=>E 7J>A9>C<	 8N7:GH:8JG>IN	
8DBBJC>86I>DC	6C9JC8DCH8>DJH7>6H
Q
-=: HI ,DJG8: % EGDH 6 H:I D; >BB:GH>K: :ME:G>:C8:H 6C9 8DAA67DG6I>K: >CI:G68I>DCH	 9:K:ADE>C<
A:69:GH=>E 86E67>A>IN DK:G 6 IL:AK:
BDCI= E:G>D9 -=: EGDH 7J>AI 6GDJC9 6 H:G>:H D; 7:HI
>C
8A6HH A:69:GH=>E
EG>C8>EA:H

Q
,+

DGB
$

Q
-=: HI ,DJG8: C<6<>C< &6C6<:G EGDH 6 9:K:ADEB:CI EGD:K: I=:>G
EJGEDH:ID9:K:ADE6C9A:69:C<6<>C<I:6BH"I;D8JH:HDCHIG6I:<>:H;DGB6M>B>O>C<I=:I6A:CIHD;:68=>C9>K>9J6A	
HIG:CC<I:6B:;;:8I>K:C:HH	6C97J>A9>C<=><=E:G;DGB>C<I:6BHI=6I9:A>K:GDCI=:HI,DJG8:B>HH>DCID=:AE
DJG8A>:CIH68=>:K:H:8JG>IN	7J>A9L:6AI=	6C9G:6A>O:I=:>G9G:6BH
Q
-=:DBB:G8>6A6C@:G:K:ADEB:CI)GDH6GDI6I>DC6AEGD8>E6CIHID;JC96B:CI6AHD;8DBB:G8>6A76C@>C<
Q
-=: -J>I>DC +:>B7JGH:B:CI )GDCJDJH A:6GC>C< "C 
	 L: G:>B7JGH:9 DK:G
	


ID8DAA:6I>DC6I9>;;:G:CIDAA:<:H6C9.C>K:GH>I>:HL>I=6C6K:G6<:D;6EEGDM>B6I:AN	

E:G8DAA:6I
Q
-D:C8DJG6<:DJG8DAA:6A986G::GH9:A>K:G>C<I=:=><=:HIA:K:AHD;DJIHI6C9>C<8A>:CIH:GK>8:6IHI,DJG8:
6C@	L:=6K:B6HI:GN86G::GE6I=H;DG8G>I>86AGDA:H>C8AJ9>C<E:GHDC6A6C98DBB:G8>6A76C@>C<	B6C6<:B:CI6C9
EG:
B6C6<:B:CI	6C9I=:8JHIDB:GH:GK>8:8:CI:G"C
	86G::GE6I=HL:G:IG68@:9>CDJG%:6GC>C<&6C6<:B:CI
,NHI:B(JG8DAA:6AAHL:G:
9:K:ADE:9
Q
(JGE:GHDC6A;>C6C8:8DJGH:>H?JHIDC:D;I=:L6NHI=6IL:=:AE:9DJG8DAA:6ADHDE=NDC
IDE>8H>C8AJ9>C<,6K>CC<	G:9>I6C9:7I	+:CI>C<6C9!DB:(LC:GH=>E	"CK:HI>C<
6C9+:I>G:B:CI	6C9)GDI:8I>C<NDJGHH:IH6C9=6G>I67A: >K>C<(JG8DAA:6C<G:HDJG8:H
EGDK>9:9IDDJG8A>:CIHDCHIHDJG8:8DB	ID7:II:GEG:E6G:I=:BID9>H8JHHI=:H:>BEDGI6CI;>C6C8>6AIDE>8H
Q
-=:JH>C:HHD;6C@>C<H:G>:H	;68>A>I6I:9>CI:GC6AAN	=:AEH8DAA:6C<>C9JHIGN6HL:AA
6H9>;;:G:CI6G:6HD;HI,DJG8:6C@&DG:I=6C
A:69:GH68GDHHI=:76C@HE:C9I>B:9>H8JHH>C<I=:>G9:E6GIB:CIH	
6C9=DLI=:N8DCIG>7JI:IDDJGB>HH>DCID=:AEDJG8A>:CIH68=>:K:H:8JG>IN	7J>A9L:6AI=	6C9G:6A>O:I=:>G9G:6BH
)''/($.3("" ' (.T(JGDG<6C>O6I>DC>HDCAN6HHIGDC<6HI=:8DBBJC>I>:HL:H:GK:HI,DJG8:6C9DJG8DAA:6IH	6C9;6>I=B6I:AN	


=DJGHID6IDI6AD;
9>;;:G:CIDG<6C>O6I>DCH
Q
"C
	DJG8DAA:67JI:9DK:G	


IDAD86A.C>I:906NDG<6C>O6I>DCH
Q
"C
	HI,DJG8:8DCIG>7JI:9DK:G
	


IDDK:G
9:H:GK>C<6C9HJ88:HH;JA8DBBJC>INH:GK>8:DG<6C>O6I>DCH
Q
"C
	HI,DJG8:8DCIG>7JI:9	


	


IDHI,DJG8:6C@DJC96I>DCHI,DJG8:6C@DJC96I>DCLDG@H>C
8DAA67DG6I>DC L>I= HI ,DJG8: 6C@ ID :C=6C8: 6C9 HIG:C6A	 :8DCDB>8	 6C9 8JAIJG6A ;67G>8 D; DJG
8DBBJC>I>:HI=GDJ<=68DBB>IB:CID;EGDK>9>C<;>C6C8>6AG:HDJG8:HHI,DJG8:6C@DJC96I>DCEGDK>9:HHJEEDGIID
DG<6C>O6I>DCH LDG@>C< >C I=: ;DAADL>C< 6G:6H ,D8>6A L:A;6G: 6C9 =JB6C H:GK>8:H	 :9J86I>DC	 6GIH 6C9 8JAIJG: 6C9
:8DCDB>89:K:ADEB:CI
+ .%-"('',.)+/","('
5>5B1< T HI ,DJG8: 6C9 I=: 6C@ 6G: :MI:CH>K:AN G:C<
>C;DGB6I>DC9:H8G>7:HHI6IJIDGNDGG:H>DCH	>I>HFJ6A>;>:9>C>IH:CI>G:IN7NG:;:G:C8:IDI=:E6GI>8JA6GHI6IJIDGN6C9
G:H>DCH
0:6G:6G:<>HI:G:976C@=DA9>C<8DBE6CNJC9:GI=:6C@!DA9>C<DBE6CN8ID;	6H6B:C9:9!	HJ7?:8IID
G:DC	HJE:GK>H>DC	6C9:M6B>C6I>DC7NI=:D6G9D; DK:GCDGHD;I=::9:G6A+:H:GK:,NHI:B:9:G6A+:H:GK:0:6G:
G:FJ>G:9ID;>A:6CCJ6AG:EDGIHL>I=I=::9:G6A+:H:GK:6C9EGDK>9:699>I>DC6A>C;DGB6I>DC6HG:FJ>G:9
-=:6C@	6H6C"C9>6C6HI6I:76C@6C9B:B7:GD;I=::9:G6A+:H:GK:,NHI:B	>HHJ7?:8IIDEGJ9:CI>6AHJE:GK>H>DC7NI=:
"C9>6C6:E6GIB:CID;>C6C8>6A"CHI>IJI>DCH"6C9I=::9:G6A+:H:GK:6C@D;=>8686C:9 7N 6C9 HJ7?:8I ID G:DCH EGDBJA<6I:9 7N I=: " 6C9 I=: :9:G6A +:H:GK: :86JH: I=: :9:G6A :EDH>I
"CHJG6C8:DGEDG6I>DC"EGDK>9:H9:EDH>I>CHJG6C8:IDI=:6C@	L:6G:6AHDHJ7?:8IIDHJE:GK>H>DC6C9G:DC7NI=:
":K:CI=DJ<=I=:">HCDIDJGEG>B6GN:9:G6AG:H6AHDHJ7?:8IIDG:DCHEGDBJA<6I:97NI=:
DCHJB:G>C6C8>6A)GDI:8I>DCJG:6J)	7JII=:"6C9I=:+=>86C:I=:
6C@;DG8DBEA>6C8:L>I=HJ8=G:DCH	6C9L>AA8DCI>CJ:ID9DHDJCI>AI=:6C@XHG:AA>DC;DG
;DJG8DCH:8JI>K:FJ6GI:G
:C9H

Q
,+

DGB
$

.,76C@>C<G:DCB6I:G>6AAN8=6C<:9>C
L>I=I=:7:<>CC>C<D;I=:H:8DC9-GJBE69B>C>HIG6I>DC	8=6G68I:G>O:97N6
9:8>H>K: H=>;I >C EDA>8N ;GDB I=: >9:C 69B>C>HIG6I>DC >C CJB:GDJH 6G:6H	 >C8AJ9>C< 76C@ HJE:GK>H>DC	 76C@ B:G<:G G:K>:L
HI6C96G9H	G:867A:ID>C9:E:C9:CI6J9>I6C9G:EDGI>C<G:FJ>G:B:CIH	9><>I6A6HH:IHG:DC	6C99:
CDKD76C@8=6GI:G>C<"CI=>HG:<6G9	>C
I=:"6C9(;;>8:D;I=:DBEIGDAA:GD;I=:JGG:C8N(:BE=6H>O:9I=6I
76C@:M6B>C6I>DCHL>AA7:G:;D8JH:9DCB6I:G>6A;>C6C8>6AG>H@G6I=:GI=6CG>H@B6C6<:B:CI	G:EJI6I>DC6AG>H@	6C9HHJ:H"C699>I>DC	I=::9:G6A+:H:GK:G:K>H:9I=:A6G<:;>C6C8>6A>CHI>IJI>DCG6I>C<;G6B:LDG@HDI=6I>CHI>IJI>DCHL>I=A>B>I:9
HJE:GK>HDGN9:;>8>:C8>:H8DJA9HI>AA7:8DCH>9:G:9UL:AAB6C6<:9V0>I=G:HE:8IID76C@B:G<:GG:DC	>C
I=:"
6C9(G:H8>C9:9I=:>GG:HE:8I>K:
76C@B:G<:GEDA>8>:H6C9G:>CHI6I:9I=:>GEG:

B:G<:GG:K>:LEDA>8>:HH6G:HJAI	
I=:"=6HG:IJGC:9ID;D8JH>C<DCIG69>I>DC6AD7?:8I>K:HI6IJIDGN;68IDGHJC9:GI=:6C@&:G<:G8IG6I=:GI=6CHJ7?:8I>K:
EG>C8>EA:H
76H:9;68IDGH	6C9I=:(=6HG:>CHI6I:9:ME:9>I:9G:K>:LEGD8:9JG:H6C96HIG:6BA>C:9B:G<:G6EEA>86I>DCEGD8:HH
;DGCDC
8DCIGDK:GH>6AIG6CH68I>DCH&DG:DK:G	>C'DK:B7:G
I=:"69?JHI:9H:K:G6A6HH:I
76H:9G:C< 6CCJ6A >C9:E:C9:CI 6J9>I 6C9 G:EDGI>C< G:FJ>G:B:CIH ;DG >CHJG:9 9:EDH>IDGN >CHI>IJI>DCH	 L=>8= L>AA G:HJAI >C
=JC9G:9HD;HB6AA:G>CHI>IJI>DCHCDADC<:G7:>C<HJ7?:8IIDI=:H:G:FJ>G:B:CIH.C9:GI=:"XH;>C6AGJA:	I=:6HH:II=G:H=DA9
;DGG:FJ>G>C<6C6CCJ6A>C9:E:C9:CI6J9>ID;I=:>CHI>IJI>DC=6H7::CG6>H:9;GDB

B>AA>DC>CIDI6A6HH:IHID7>AA>DC	I=:
I=G:H=DA9;DGG:FJ>G>C<B6C6<:B:CIG:EDGIHDC>CI:GC6A8DCIGDAH=6H>C8G:6H:9;GDB7>AA>DCID7>AA>DC	6C9I=:I=G:H=DA9;DG
6J9>I8DBB>II::>C9:E:C9:C8:G:FJ>G:B:CIHL6H>C8G:6H:9;GDB7>AA>DCID7>AA>DC>CIDI6A6HH:IH0>I=G:<6G9ID9><>I6A
6HH:IG:DC	>C
I=:;:9:G6AEGJ9:CI>6A76C@>C<G:9:C69B>C>HIG6I>DCXH96C8:I=6I
9>H8DJG6<:976C@H;GDB:C<6<>C<>C8GNEID8JGG:C8NG:A6I:968I>K>I>:H-=:(6AHD>HHJ:996C8:8DC;>GB>C<I=6IC6I>DC6A
76C@H B6N =DA9 9><>I6A 6HH:IH 6H EG>C8>E6A ID ;68>A>I6I: C:ILDG@ DE:G6I>DCH 6C9 :C<6<: >C G>H@A:HH EG>C8>E6A 8GNEID
6HH:I
IG6CH68I>DCH>C6AAN	>C
I=:;:9:G6A76C@>C<6<:C8>:H>C9>86I:9I=:NLDJA97:L>AA>C<ID6EEGDK:H:K:G6AINE:HD;9:CDKD
8=6GI:G 6EEA>86I>DCH ;DG C:L >CHI>IJI>DCH	 E6GI>8JA6GAN ;DG ;>CI:8= DG I:8=CDAD86I>DCH
>C8AJ9:I=DH:;DGA>B>I:9EJGEDH:C6I>DC6AIGJHI76C@H6C9>C9JHIG>6AAD6C8DBE6C>:H	B6CN>CKDAK>C<CDC
IG69>I>DC6A;>CI:8=6C9
9><>I6A
6HH:I;>GBH"CHJB	
H6L69:8>H>K:8=6C<:>CI=:;D8JHD;;:9:G6A76C@G:K>IN	L=>8=>H:ME:8I:9ID
8DCI>CJ:>C

1>; ?<49>7 ?=@1>I 3D T .C9:G I=: ! DJG 68I>K>I>:H 6G: A>B>I:9 ID > 7JH>C:HH HD 8ADH:AN G:A6I:9 ID 76C@>C<	
B6C6<>C<	DG8DCIGDAA>C<76C@H6HID7:6EGDE:G>C8>9:CII=:G:ID6C9>>CDC
76C@68I>K>I>:H	9:I:GB>C:97NA6LDGG:DC	
ID7:8ADH:ANG:A6I:9IDI=:7JH>C:HHD;76C@>C<DGD;B6C6<>C<DG8DCIGDAA>C<76C@H-=:!6AHDG:FJ>G:H676C@=DA9>C<
8DBE6CNIDD7I6>C6EEGDK6A;GDBI=::9:G6A+:H:GK:7:;DG:>68FJ>G>C<DG=DA9>C<BDG:I=6CKDI>C<>CI:G:HI>C6CN76C@
DG76C@=DA9>C<8DBE6CN	>>68FJ>G>C<6AADGHJ7HI6CI>6AAN6AAD;I=:6HH:IHD;6CDI=:G76C@DG76C@=DA9>C<8DBE6CN	DG>>>
B:G<>C<DG8DCHDA>96I>C<L>I=6CDI=:G76C@=DA9>C<8DBE6CN
1@9D1<(D1>41B4CT-=:;:9:G6A76C@G::HJH:86E>I6A69:FJ68N9:A>C:H>CI=:>G:M6B>C6I>DC6C9G:DC
D;76C@=DA9>C<8DBE6C>:H6C976C@H";86E>I6A;6AAH7:ADLI=:B>C>BJBA:K:AH:HI67A>H=:97NI=:H:9:A>C:H	676C@=DA9>C<
8DBE6CNDG76C@BJHIHJ7B>I6C688:EI67A:EA6C;DG68=>:K>C<8DBEA>6C8:L>I=I=:86E>I6A9:A>C:H6C9	JCI>A>IH86E>I6A
HJ;;>8>:CIAN>BEGDK:H	L>AA7:HJ7?:8IID9:C>6AD;6EEA>86I>DCH6C96EEGDEG>6I:HJE:GK>HDGN:C;DG8:B:CI68I>DCHDG76C@H	I=:
"XH EGDBEI 8DGG:8I>K: 68I>DC G:DCH :HI67A>H= ;>K: 86E>I6A A:K:AH ;DG ;>C6C8>6A >CHI>IJI>DCH UL:AA 86E>I6A>O:9	V
U69:FJ6I:AN 86E>I6A>O:9	V UJC9:G86E>I6A>O:9	V UH>;>86CIAN JC9:G86E>I6A>O:9	V 6C9 U8G>I>86AAN JC9:G86E>I6A>O:9V	 6C9 >BEDH:
B6C96IDGNG:CN6C9A>B>I6I>DCHDC>CHI>IJI>DCHI=6I6G:A:HHI=6C69:FJ6I:AN86E>I6A>O:9I:8:B7:G	
	
I=:6C@L6H86I:O:96HUL:AA86E>I6A>O:9	VB:6C>C<I=6IDJGIDI6AG>H@
76H:986E>I6AG6I>D:M8::9:9


	DJG->:GG>H@
76H:986E>I6AG6I>D:M8::9:9 

	 DJG 8DBBDC:FJ>IN->:GG>H@
76H:986E>I6AG6I>D:M8::9:9
	DJGA:K:G6<: G6I>D
:M8::9:9

	6C9L:6G:CDIHJ7?:8IID6G:G:8I>K:IDB::I6C9B6>CI6>C6HE:8>;>886E>I6A
A:K:A;DG6CN86E>I6AB:6HJG:HI,DJG8:6C9I=:6C@=6K::A:8I:9CDIIDJI>A>O:I=:DEI>DC6A8DBBJC>IN76C@A:K:G6<:G6I>D
;G6B:LDG@>BEA:B:CI:97NI=::9:G6A+:H:GK:6C9I=:DI=:G;:9:G6A76C@>C<6<:C8>:H+:I6AG:FJ>G:B:CIHID
L=>8=L:6G:HJ7?:8I6G:9>H8ADH:9>C)6GI""	"I:B	>C6C8>6A,I6I:B:CIH6C9,JEEA:B:CI6GN6I6T'DI:
D;I=:'DI:HID
DCHDA>96I:9>C6C8>6A,I6I:B:CIHHD;:8:B7:G	
	L:L:G:>C8DBEA>6C8:L>I=6AA6EEA>867A:G:I6A
G:FJ>G:B:CIH6C99:A>C:H
(53EB9D95C 1>4 H381>75 ?==9CC9?> ( 1>4 )85 #(& (D?3; "1B;5D #(& T 0: 6G: HJ7?:8I ID
G:DCHEGDBJA<6I:97NI=:,6C98:GI6>CHI6I:H;DGB6II:GHG:A6I>C<IDI=:D;;:G>C<6C9H6A:D;DJGH:8JG>I>:H0:6G:
HJ7?:8IIDI=:9>H8ADHJG:6C9G:G:B:CIHD;I=:,:8JG>I>:H8ID;	6H6B:C9:9	6C9I=:,:8JG>I>:HM8=6C<:
8ID;	6H6B:C9:90:6G:A>HI:9DCI=:',* AD76A,:A:8I&6G@:IJC9:GI=:IG69>C<HNB7DAU,+	V6C9L:6G:
HJ7?:8IIDI=:GJA:HD;',*;DGA>HI:98DBE6C>:H
B1==!5138<9<5I3D?6!T-=: %EGDK>9:H;DG;>C6C8>6A68I>K>I>:HI=6I676C@B6N8DC9J8II=GDJ<=6
;>C6C8>6AHJ7H>9>6GN6C9:HI67A>H=:969>HI>C8IINE:D;76C@=DA9>C<8DBE6CN	@CDLC6H6;>C6C8>6A=DA9>C<8DBE6CN	L=>8=
B6N :C<6<: >C 9:;>C:9 68I>K>I>:H I=6I 6G: U;>C6C8>6A >C C6IJG:V -=:H: 68I>K>I>:H >C8AJ9: H:8JG>I>:H 6C9 >CHJG6C8: 7GD@:G6<:	
H:8JG>I>:H JC9:GLG>I>C<	 >CHJG6C8: JC9:GLG>I>C<	 6C9 B:G8=6CI 76C@>C< 0: 9D CDI 8JGG:CIAN >CI:C9 ID ;>A: CDI>8: L>I= I=:
:9:G6A +:H:GK: ID 7:8DB: 6 ;>C6C8>6A =DA9>C< 8DBE6CN DG ID :C<6<: >C :ME6C9:9 ;>C6C8>6A 68I>K>I>:H I=GDJ<= 6 ;>C6C8>6A
HJ7H>9>6GND;I=:6C@

Q
,+

DGB
$

9>1>391< %B9F13I T -=:  % 6AHD >C8AJ9:H EG>K68N EGDI:8I>DCH ;DG CDCEJ7A>8 E:GHDC6A >C;DGB6I>DC =:A9 7N ;>C6C8>6A
>CHI>IJI>DCHG:<6G9>C<I=:>G8JHIDB:GH+JA:HJC9:G %A>B>II=:67>A>IND;76C@HID9>H8ADH:CDC
EJ7A>8>C;DGB6I>DC67DJI
8JHIDB:GH ID CDC6;;>A>6I:9 I=>G9 E6GI>:H -=:H: A>B>I6I>DCH G:FJ>G: 9>H8ADHJG: D; EG>K68N EDA>8>:H ID 8DCHJB:GH 6C9	 >C HDB:
8>G8JBHI6C8:H	6AADL8DCHJB:GHIDEG:K:CI9>H8ADHJG:D;8:GI6>CE:GHDC6A>C;DGB6I>DCID6CDC6;;>A>6I:9I=>G9E6GIN-=:EG>K68N
EGDK>H>DCHD;I=: %6;;:8I=DL8DCHJB:G>C;DGB6I>DC>HIG6CHB>II:9I=GDJ<=9>K:GH>;>:9;>C6C8>6A8DBE6C>:H6C98DCK:N:9
IDDJIH>9:K:C9DGH0:6G:6AHDHJ7?:8IIDK6G>DJHHI6I:A6LH	>C8AJ9>C<I=:6A>;DGC>6DCHJB:G)G>K68N8I	I=6I<:C:G6AAN
G:FJ>G:JH9>G:8IANDG>C9>G:8IANI=GDJ<=DJGK:C9DGHIDEGDI:8II=:E:GHDC6A>C;DGB6I>DCD;>C9>K>9J6A8JHIDB:GH6C9CDI>;N
I=:B>;8DC;>9:CI>6A>IND;I=:>GE:GHDC6A>C;DGB6I>DC>HDGB6N=6K:7::C8DBEGDB>H:96HI=:G:HJAID;696I6H:8JG>IN7G:68=DG
;6>AJG:
*( %1DB9?D 3D ?6 
 T +:DCH JC9:G I=: ., )6IG>DI 8I G:FJ>G: ;>C6C8>6A >CHI>IJI>DCH ID B6>CI6>C 6EEGDEG>6I:
8DCIGDAHID8DB76IBDC:NA6JC9:G>C<68I>K>I>:H	E:G;DGB9J:9>A><:C8:D;EG>K6I:76C@>C<6C98DGG:HEDC9:CI688DJCIH	:HI67A>H=
HI6C96G9H ;DG K:G>;N>C< 8JHIDB:G >9:CI>IN	 6C9 EGDK>9: G:8DG9H G:A6I:9 ID HJHE:8I:9 6CI>
BDC:N A6JC9:G>C< 68I>K>I>:H JEDC
G:FJ:HI ;GDB ;:9:G6A 6JI=DG>I>:H  ;>C6C8>6A >CHI>IJI>DCXH ;6>AJG: ID 8DBEAN L>I= I=:H: G:DCH 8DJA9 G:HJAI >C ;>C:H DG
H6C8I>DCH	>C8AJ9>C<G:HIG>8I>DCHDC8DC9J8I>C<68FJ>H>I>DCHDG:HI67A>H=>C<C:L7G6C8=:H	6C98DJA96AHD=6K:DI=:GH:G>DJH
A:<6A6C9G:EJI6I>DC6A8DCH:FJ:C8:H;DGI=:>CHI>IJI>DC
?==E>9DI'59>F5CD=5>D3D?6'T-=:+G:FJ>G:H;:9:G6A76C@>C<G:C6C8>6A>CHI>IJI>DCHI=:N:M6B>C:9>CB::I>C<I=:8G:9>IC::9HD;I=:>GAD86A8DBBJC>I>:H	>C8AJ9>C<ADL6C9BD9:G6I:>C8DB:
C:><=7DG=DD9H:9:G6A76C@>C<G:AA8DCH>9:GDJGE:G;DGB6C8:>CI=:H:6G:6H6HI=:NG:K>:L6CN6EEA>86I>DCHL:B6N
;>A:ID:C<6<:>CB:G<:GHDG68FJ>H>I>DCHDGIDDE:C67G6C8=DG;68>A>IN
-=:;:9:G6A76C@>C<6<:C8>:H>HHJ:96;>C6AGJA:>C
9:H>O:I=:G:DCH>BEA:B:CI>C<I=:
+-=:8=6C<:HL:G:9:H>I	>CK:HIB:CI6C976C@>C<H:GK>8:H>CADL
6C9
BD9:G6I:
>C8DB:8DBBJC>I>:H	696EIID>C9JHIGN8=6C<:H>C8AJ9>C<BD7>A:6C9>CI:GC:I76C@>C<	EGDK>9:IN6C9
8DCH>HI:C8N>CI=:6EEA>86I>DCD;+G:DCH6C9I6>ADG+:K6AJ6I>DCH6C996I68DAA:8I>DCID76C@H>O:6C9INE:"C#JAN

	I=::9:G6A+:H:GK:	(	6C9">HHJ:96?D>CIEGDEDH6AIDG:E:6AI=:
GJA:6C9G:>CHI6I:I=:+G:HI:9EG>DGIDI=:
;>C6AGJA:	L=>8=B:6CH76C@HL>AA8DCI>CJ:DE:G6I>C<JC9:GI=:EG>DGGJA:HL=>A:
6L6>I>C<I=:DJI8DB:D;I=:;DGB6AG:H8>HH>DCEGD8:HH	L=>8=>CKDAK:HEJ7A>8G:K>:L6C98DBB:CI
!1GC 1>4 '57E<1D9?>C ?F5B>9>7 HD5>C9?>C ?6 B549D T -=: 6C@ >H HJ7?:8I ID G:HIG>8I>DCH >BEDH:9 7N I=: :9:G6A
+:H:GK:8IDC:MI:CH>DCHD;8G:9>IIDHI,DJG8:DGDJGHJ7H>9>6G>:H	6C9DC>CK:HIB:CIH>CDJGH:8JG>I>:H6C9I=:JH:D;DJG
H:8JG>I>:H6H8DAA6I:G6A;DGAD6CHID6CN7DGGDL:GH-=:H:G:HIG>8I>DCHB6NA>B>IDJG67>A>INIDD7I6>C;JC9H;GDBI=:6C@;DGDJG
86H=C::9H	>C8AJ9>C<;JC9H;DG68FJ>H>I>DCH6C9;DGE6NB:CID;9>K>9:C9H	>CI:G:HI6C9DE:G6I>C<:ME:CH:HJGI=:G	I=:!	
8:GI6>C G:DCH >HHJ:9 7N I=: :9:G6A +:H:GK:	 HI6I: A6LH 6C9 B6CN DI=:G ;:9:G6A A6LH DCH D; 8G:9>I 6C9
<:C:G6AANEGD=>7>I676C@;GDB:MI:C9>C<8G:9>I	:C<6<>C<>C6A:6H:DGH6A:D;EGDE:GIN	DG;JGC>H=>C<H:GK>8:HID68JHIDB:GDC
8DC9>I>DC I=6I I=: 8JHIDB:G G:FJ:HI 6C9 D7I6>C 699>I>DC6A H:GK>8:H ;GDB I=: 76C@XH =DA9>C< 8DBE6CN DG ;GDB DC: D; >IH
HJ7H>9>6G>:H
-=:6C@>H6AHDHJ7?:8IIDCJB:GDJHG:HIG>8I>DCH>BEDH:97NI=::9:G6A+:H:GK:8IDC:MI:CH>DCHD;8G:9>IID:M:8JI>K:
D;;>8:GH	9>G:8IDGH	EG>C8>E6AH=6G:=DA9:GHD;I=:6C@DGHI,DJG8:DG6CNG:A6I:9>CI:G:HID;HJ8=E:GHDCH
'5C5BF5 '5AE9B5=5>DC T :9:G6A +:H:GK: G:DCH G:FJ>G: 9:EDH>IDGN >CHI>IJI>DCH ID B6>CI6>C G:H:GK:H 6<6>CHI I=:>G
IG6CH68I>DC 688DJCI 9:EDH>IH "C &6G8= 

	 >C G:HEDCH: ID I=: (/"
 E6C9:B>8	 I=: :9:G6A +:H:GK: H:I I=: G:H:GK:
G:FJ>G:B:CIG6I>D;DG6AAC:IIG6CH68I>DC688DJCIHIDO:GDE:G8:CI	6C9I=>HG:FJ>G:B:CIG:B6>C:9>CEA68:I=GDJ<=DJI

I=:G:;DG:	6AAD;I=:6C@XHC:IIG6CH68I>DC688DJCIH6HD;:8:B7:G	
L:G::M:BEI;GDBG:H:GK:G:FJ>G:B:CIH
9F945>4CT-=:67>A>IND;I=:6C@IDE6N9>K>9:C9H>HA>B>I:97NHI6I:6C9;:9:G6AA6LH6C9G:DCHI=6IG:FJ>G:I=:6C@
IDD7I6>CI=:EG>DG6EEGDK6AD;I=:"6C9I=:+=>86C<69>K>9:C9I=6I	ID<:I=:GL>I=DI=:G9>K>9:C9H>I=6H
E6>99JG>C<686A:C96GN:6G	LDJA9:M8::9I=:HJBD;>IHC:I>C8DB:;DGI=:N:6GID96I:8DB7>C:9L>I=>IHG:I6>C:9C:I>C8DB:
;DGI=:EG:K>DJHILDN:6GH-=:6BDJCID;9>K>9:C9HI=:6C@B6NE6NB6N6AHD7:A>B>I:97N8:GI6>C8DK:C6CI6C8>EA:H D; EGJ9:CI 76C@ B6C6<:B:CI ,:: )6GI ""	 "I:B 	 &6G@:I ;DG +:<>HIG6CIXH DBBDC FJ>IN	 +:A6I:9
,ID8@=DA9:G&6II:GH6C9"HHJ:G)JG8=6H:HD;FJ>IN,:8JG>I>:H;DG;JGI=:G9>H8JHH>DCD;9>K>9:C9A>B>I6I>DCH

Q
,+

DGB
$

"?>5D1BI%?<93I1>43?>?=93?>DB?<T-=:8DBB:G8>6A76C@>C<7JH>C:HH6AHD>H6;;:8I:97NI=:BDC:I6GNEDA>8>:HD;I=:
:9:G6A+:H:GK:=6C<:H>CI=:9>H8DJCIG6I:DCB:B7:G76C@7DGGDL>C<	6K6>A67>A>IND;7DGGDL>C<6II=:U9>H8DJCIL>C9DL	V
DE:C B6G@:I DE:G6I>DCH	 I=: >BEDH>I>DC D; 8=6C<:H >C G:H:GK: G:FJ>G:B:CIH 6<6>CHI B:B7:G 76C@HX 9:EDH>IH 6C9 6HH:IH D;
;DG:>BEDH>I>DCD;	6C98=6C<:H>C	G:H:GK:G:FJ>G:B:CIH6<6>CHI8:GI6>C7DGGDL>CG
6;;>A>6I:H	 6G: HDB: D; I=: IDDAH D; BDC:I6GN EDA>8N 6K6>A67A: ID I=: :9:G6A +:H:GK: -=:H: BDC:I6GN EDA>8>:H 6G: JH:9 >C
K6GN>C<8DB7>C6I>DCHID>C;AJ:C8:DK:G6AAHIG>7JI>DCHD;76C@AD6CH	>CK:HIB:CIH	6C99:EDH>IH	6C9HJ8=JH:B6N
6;;:8I>CI:G:HIG6I:H8=6G<:9DCAD6CH6C9A:6H:HDGE6>9DC9:EDH>IH-=:BDC:I6GNEDA>8>:HD;I=::9:G6A+:H:GK:=6K:=696
H>;>86CI:;;:8IDCI=:DE:G6I>C<G:HJAIHD;8DBB:G8>6A76C@H6C96G::ME:8I:9ID9DHD>CI=:;JIJG:-=:BDC:I6GNEDA>8>:HD;
I=::9:G6A+:H:GK:6G:>C;AJ:C8:97NK6G>DJH;68IDGH	>C8AJ9>C<:8DCDB>8C;A6I>DC	JC:BEADNB:CI	H=DGI
I:GB6C9
ADC<
I:GB8=6C<:H>CI=:>CI:GC6I>DC6AIG69:76A6C8:	6C9>CI=:;>H86AEDA>8>:HD;I=:., DK:GCB:CIJIJG:BDC:I6GNEDA>8>:H
6C9I=::;;:8ID;HJ8=EDA>8>:HDCDJG;JIJG:7JH>C:HH6C9:6GC>CC:HH6C9:6GC>C8I:9
(1B21>5C$H<5I 3D ?6 

 ($- T ,(1 >C8AJ9:H EGDK>H>DCH >CI:C9:9 ID :C=6C8: 8DGEDG6I: G:HEDCH>7>A>IN 6C9 EGDI:8I
>CK:HIDGH7N>BEGDK>C<I=:688JG68N6C9G:A>67>A>IND;8DGEDG6I:9>H8ADHJG:HEJGHJ6CIIDI=:H:8JG>I>:HA6LH	6C9L=>8=>C8G:6H:
E:C6AI>:H ;DG 688DJCI>C< 6C9 6J9>I>C< >BEGDEG>:I>:H 6I EJ7A>8 IG69:9 8DBE6C>:H ,(1 <:C:G6AAN 6EEA>:H ID 6AA 8DBE6C>:H	
>C8AJ9>C<HI,DJG8:	I=6I;>A:DG6G:G:FJ>G:9ID;>A:E:G>D9>8G:EDGIHL>I=I=:,JC9:GI=:M8=6C<:8I
,(16AHD699G:HH:H;JC8I>DCH6C9G:HEDCH>7>A>I>:HD;6J9>I8DBB>II::HD;EJ7A>88DBE6C>:H-=:HI6IJI:	7NB6C96I>C<8:GI6>C
HID8@:M8=6C<:A>HI>C<GJA:H	B6@:HI=:6J9>I8DBB>II::9>G:8IANG:HEDCH>7A:;DGI=:6EED>CIB:CI	8DBE:CH6I>DC	6C9DK:GH><=I
D;I=:LDG@D;I=:8DBE6CNXHDJIH>9:6J9>IDG	6C9G:FJ>G:HI=:6J9>IDGIDG:EDGI9>G:8IANIDI=:6J9>I8DBB>II::,(1G:FJ>G:H
I=6I 6J9>I 8DBB>II::H 7: :BEDL:G:9 ID :C<6<: >C9:E:C9:CI 8DJCH:A 6C9 DI=:G 69K>HDGH	 6C9 G:FJ>G:H 6 EJ7A>8 8DBE6CN ID
EGDK>9:;JC9>C<IDE6NI=:8DBE6CNXH6J9>IDGH6C96CN69K>HDGHI=:6J9>I8DBB>II::G:I6>CH
?>CE=5B9>1>391<%B?D53D9?>!1GCT-=:6C@>HHJ7?:8IIDCJB:GDJH;:9:G6A6C9HI6I:8DCHJB:G;>C6C8>6AEGDI:8I>DC
A6LH6C9G:DCHI=6I:MI:CH>K:ANIHIG6CH68I>DCHL>I=8DCHJB:GH-=:H:A6LH>C8AJ9:	7JI6G:CDIA>B>I:9ID	I=:
FJ6AG:9>I(EEDGIJC>IN8I	I=:6>GG:9>I+:EDGI>C<8I	I=:-GJI=>C%:C9>C<8I	I=:-GJI=>C,6K>C8
JC9H-G6CH;:G8I	I=:ME:9>I:9JC9HK6>A67>A>IN8I	I=:!DB:&DGI<6<:>H8ADHJG:8I	I=:6>G!DJH>C<8I	I=:+:6A
HI6I:,:IIA:B:CI)GD8:9JG:H8I	I=:6>G:7IDAA:8I>DC)G68I>8:H8I	6C9I=:,:GK>8:&:B7:GH>K>A+:A>:;8I-=:6C@
BJHI6AHD8DBEANL>I=6EEA>867A:HI6I:JHJGN6C9DI=:G8G:9>I6C99:EDH>IG:A6I:9A6LH6C9G:DCH6C9DI=:GA6LH6C9
G:DCHEGD=>7>I>C<JC;6>G	9:8:EI>K:6C967JH>K:68IH6C9EG68I>8:H-=:H:A6LH6C9G:DCH	6BDC<DI=:GI=>CG:
9>H8ADHJG:HD;I=:8DHID;8G:9>I6C9I=:I:GBHD;9:EDH>I688DJCIH	EGD=>7>I9>H8G>B>C6I>DC>C8G:9>IIG6CH68I>DCH	G:I G:EDGI >C;DGB6I>DC	 G:HIG>8I I=: 6C@XH 67>A>IN ID G6>H: >CI:G:HI G6I:H 6C9 HJ7?:8I I=: 6C@ ID HJ7HI6CI>6A G:<=I/>DA6I>DCHD;I=:H:A6LHB6N:MEDH:JHIDA>67>A>IN;GDBEDI:CI>6AA6LHJ>IH7GDJ<=I7N6;;:8I:98JHIDB:GH:9:G6A
76C@ G:DC 6<:C8>:H B6N 6AHD H::@ ID :C;DG8: I=:H:
8DCHJB:G ;>C6C8>6A EGDI:8I>DC A6LH	 >C L=>8= 86H: L: B6N 7: HJ7?:8I ID G:DCH	 8>K>A BDC:N E:C6AI>:H	 6C9
8JHIDB:GG:H8>HH>DCG><=IH6>AJG:ID8DBEANL>I=I=:H:A6LHB6N6AHD86JH:I=::9:G6A+:H:GK:DG"ID9:CN6EEGDK6AD;
6CN6EEA>86I>DCHL:B6N;>A:ID:C<6<:>CB:G<:G6C968FJ>H>I>DCIG6CH68I>DCHL>I=DI=:G;>C6C8>6A>CHI>IJI>DCHDGDE:C6C:L
76C@>C<8:CI:G
?44B1>;,1<<(DB55D'56?B=1>4?>CE=5B%B?D53D9?>3DT-=:D99
G6C@8I>C8AJ9:HEGDK>H>DCHI=6I	6BDC<
DI=:GI=>CCI:GHI6I:7G6C8=>C<	6AADL;>C6C8>6A>CHI>IJI>DCHIDE6N>CI:G:HIDC7JH>C:HH8=:8@>C<688DJCIH	6C9
>BEDH:=:><=I:C:986E>I6AG:FJ>G:B:CIHDC76C@=DA9>C<8DBE6C>:H-=:D99
G6C@8I6AHD:HI67A>H=:9I=:)6H6C
>C9:E:C9:CI :CI>IN L>I=>C I=: :9:G6A +:H:GK:	 6C9 IG6CH;:GG:9 ID I=: ) EG>B6GN G:HEDCH>7>A>IN ;DG 69B>C>HI:G>C<
HJ7HI6CI>6AAN6AA;:9:G6A8DCHJB:G8DBEA>6C8:EGDI:8I>DCA6LH-=:D99
G6C@8I6AHD6JI=DG>O:HI=:)IDEGDBJA<6I:
8DCHJB:GEGDI:8I>DCG:DCHI=6I6EEANID6AA:CI>I>:H	>C8AJ9>C<76C@H	I=6ID;;:G8DCHJB:G;>C6C8>6AH:GK>8:HDGEGD9J8IH"I
6AHD >C8AJ9:H 6 H:G>:H D; EGDK>H>DCH 8DK:G>C< BDGI<6<: AD6C DG><>C6I>DC HI6C96G9H 6;;:8I>C<	 6BDC< DI=:G I=>C<>C6IDG
8DBE:CH6I>DC	B>C>BJBG:E6NB:CIHI6C96G9H	6C9EG:
E6NB:CIE:C6AI>:H
)85+?<3;5B'E<5T-=:D99
G6C@8IEGD=>7>IH76C@H6C9I=:>G6;;>A>6I:H;GDB:C<6<>C<>CEGDEG>:I6GNIG69>C<6C9;GDB
>CK:HI>C<>C6C9HEDCHDG>C<=:9<:;JC9H6C9EG>K6I::FJ>IN;JC9H-=>HEGDK>H>DC>H8DBBDCAN86AA:9I=:U/DA8@:G+JA:V-=:
G:DCH>BEA:B:CI>C<I=:/DA8@:G+JA::M:BEII=:6C@	6H676C@L>I=A:HHI=6C
7>AA>DC>CIDI6A8DCHDA>96I:96HH:IH
I=6I9D:HCDI:C<6<:>C6CN8DK:G:968I>K>I>:HDI=:GI=6CIG69>C<>C8:GI6>C8>E6AD7A><6I>DCH	
;GDB6CNH>;>86CI8DBEA>6C8:D7A><6I>DCHJC9:GI=:/DA8@:G+JA:
D5=	'9C;13D?BC	
C>CK:HIB:CI>CDJG8DBBDCHID8@>HHJ7?:8IIDG>H@H>C=:G:CIIDDJG7JH>C:HH-=:B6I:G>6AG>H@H6C9JC8:GI6>CI>:HI=6IL:
7:A>:K:6;;:8IJH6G:9:H8G>7:97:ADL,::UDGL6G9%DD@>C<,I6I:B:CIHVJC9:G"I:BD;I=>HG:EDGI;DG69>H8JHH>DCD;DI=:G
>BEDGI6CI;68IDGHI=6I86C6;;:8IDJG7JH>C:HH

Q
,+

DGB
$

B549D'9C;C
,51B5CE2:53DD?3B549DB9C;CB5<1D9>7D??EB1>4<51C5@?BD6?<9?CTDBB:G8>6A6C98DBB:G8>6AG:6A:HI6I:AD6CH
<:C:G6AAN>CKDAK:=><=:G8G:9>IG>H@HI=6CG:H>9:CI>6AG:6A:HI6I:6C98DCHJB:GAD6CH:86JH:E6NB:CIHDCAD6CHH:8JG:97N
8DBB:G8>6AG:6A:HI6I:DG:FJ>EB:CI6G:D;I:C9:E:C9:CIJEDCI=:HJ88:HH;JADE:G6I>DC6C9B6C6<:B:CID;I=:JC9:GAN>C<
6HH:IH	G:E6NB:CID;HJ8=AD6CHB6N7:>C;AJ:C8:9ID6I>DCH>CI=:B6G@:IDGI=::8DCDBN0:H::@ID
B>I><6I:I=:H:G>H@HI=GDJ<=DJGJC9:GLG>I>C<HI6C96G9H&DHI8DBB:G8>6A6C9>C9JHIG>6AAD6CH6G:H:8JG:97NI=:6HH:IH7:>C<
;>C6C8:9DGDI=:G7JH>C:HH6HH:IH=DL:K:G	HDB:AD6CHB6N7:B69:DC6CJCH:8JG:976H>H
0:D;;:G7DI=;>M:9
G6I:6C969?JHI67A:
G6I:8DCHJB:GBDGI<6<:AD6CHH:8JG:97NEGDE:GI>:H	HJ7HI6CI>6AAN6AAD;L=>8=6G:
AD86I:9 >C DJG EG>B6GN B6G@:I 6G:6 9?JHI67A:
G6I: BDGI<6<: AD6CH =:AE G:9J8: DJG :MEDHJG: ID 8=6C<:H >C >CI:G:HI G6I:H
=DL:K:G	9JG>C<E:G>D9HD;G>H>C<>CI:G:HIG6I:H	I=:G>H@D;9:;6JAIDC69?JHI67A:
G6I:BDGI<6<:AD6CHB6N>C8G:6H:6H6G:HJAID;
G:EG>8>C<6C9I=:>C8G:6H:9E6NB:CIHG:FJ>G:9;GDBI=:7DGGDL:G99>I>DC6AAN	HDB:G:H>9:CI>6ABDGI<6<:H6G:HDA9>CIDI=:
H:8DC96GNB6G@:I6C9H:GK>8:97NDJGEG>C8>E6A76C@>C<HJ7H>9>6GN	HI,DJG8:6C@
DCHJB:GAD6CH6G:EG>B6G>AN6AADI=:GCDC
G:6A:HI6I:AD6CHID>C9>K>9J6AH>CDJGG:<>DC6AB6G@:I6G:6DCHJB:GAD6CH86C
:CI6>AG>H@	E6GI>8JA6GAN>CI=:86H:D;AD6CHI=6I6G:JCH:8JG:9DGH:8JG:97NG6E>9AN9:EG:8>6I>C<6HH:IH"CI=:H:86H:H	6CN
G:EDHH:HH:9 8DAA6I:G6A B6N CDI EGDK>9: 6C 69:FJ6I: HDJG8: D; G:E6NB:CI D; I=: DJIHI6C9>C< AD6C 76A6C8: -=: G:B6>C>C<
9:;>8>:C8N D;I:C 9D:H CDI L6GG6CI ;JGI=:G HJ7HI6CI>6A 8DAA:8I>DC :;;DGIH 6<6>CHI I=: 7DGGDL:G 7:NDC9 D7I6>C>C< 6 9:;>8>:C8N
?J9I>DC	8DCHJB:GAD6C8DAA:8I>DCH6G:9:E:C9:CIDCI=:7DGGDL:GXH8DCI>CJ>C<;>C6C8>6AHI67>A>IN	6C9I=JH6G:
BDG:A>@:ANID7:69K:GH:AN6;;:8I:97N?D7ADHH	9>KDG8:	>AAC:HH	DGE:GHDC6A76C@GJEI8N
-=: HI ,DJG8: ,E:8>6AIN >C6C8:  GDJE AD6C 6C9 A:6H: EDGI;DA>D 8DCH>HIH D; 8DBB:G8>6A AD6CH 6C9 A:6H:H H:8JG:9 7N
8DCHIGJ8I>DC6C9IG6CHEDGI6I>DC:FJ>EB:CI	>C8AJ9>C<6>G8G6;I	6JIDH	IGJ8@H	6C9K6CH
(JG8DCHIGJ8I>DC6C9IG6CHEDGI6I>DCG:A6I:97JH>C:HH:H8DJA97:69K:GH:AN6;;:8I:97NHADL9DLCH>CI=::8DCDBNA>:CIHL=D
G:ANDCI=:JH:D;6HH:IH;>C6C8:9I=GDJ<=I=:,E:8>6AIN>C6C8: GDJEIDEGD9J8:>C8DB:8DJA97:C:<6I>K:AN6;;:8I:9	6C9L:
8DJA9 :ME:G>:C8: HJ7HI6CI>6A AD6C 6C9 A:6H: ADHH:H N I=: C6IJG: D; I=: 7JH>C:HH:H I=:H: 8A>:CIH DE:G6I: >C	 L: 8DJA9 7:
69K:GH:AN6;;:8I:97NG6E>9>C8G:6H:HDG9:8G:6H:H>C;J:A8DHIH	I:GGDG>HI6C9DI=:GEDI:CI>6A6II68@H	6C9DI=:G9:HI67>A>O>C<
:K:CIH-=:H:;68IDGH8DJA98DCIG>7JI:IDI=:9:I:G>DG6I>DCD;I=:FJ6A>IND;DJGAD6C6C9A:6H:EDGI;DA>D	6HI=:N8DJA9=6K:6
C:<6I>K:>BE68IDCI=:IG6K:A6C9IG6CHEDGI6I>DCH:CH>I>K:7JH>C:HH:H;DGL=>8=DJG,E:8>6AIN>C6C8: GDJEEGDK>9:H;>C6C8>C<
(JG6>G8G6;IEDGI;DA>D=6H;DG:>8JA6GAN>C&:M>8D6C9G6O>AJGG:C8N;AJ8IJ6I>DCH8DJA9=6K:6C:<6I>K:
>BE68IDCDJG8A>:CIXH8DHID;E6N>C<9DAA6G9:CDB>C6I:99:7IH6C9	6H6G:HJAI	L:8DJA9:ME:G>:C8:=><=:G9:A>CFJ:C8N>CI=>H
EDGI;DA>DAHD	H>C8:HDB:D;I=:G:A6I>DCH=>EH>CI=>HEDGI;DA>D6G:A6G<:	6HADL9DLC>CI=:H:B6G@:IH8DJA9=6K:6H>;>86CI
69K:GH:>BE68IDCDJGE:G;DGB6C8:
"C699>I>DC	DJGA:6H>C<6C9:FJ>EB:CI;>C6C8>C<68I>K>IN>HHJ7?:8IIDI=:G>H@D;8N8A>86A9DLCIJGCH	>C9JHIGN8DC8:CIG6I>DC6C9
8AJBE>C<	 6C9 DI=:G 69K:GH: :8DCDB>8 9:K:ADEB:CIH 6;;:8I>C< I=:H: >C9JHIG>:H 6C9 B6G@:IH -=>H 6G:6 D; A:C9>C<	 L>I=
IG6CHEDGI6I>DC>CE6GI>8JA6G	>H9:E:C9:CIJEDC<:C:G6A:8DCDB>88DC9>I>DCH6C9I=:HIG:CDC	6C9
IG6CHEDGI6I>DC>C9JHIG>:H
$EB1<356?B3B549DCE669395>DD?12C?B2?EB1>4<51C5@?BD6?<9?T-=:G:>H
6AL6NH6G>H@I=6I7DGGDL:GHB6NCDIG:E6N7DGGDL>CC6I>DCD;I=:6EEGDEG>6I:A:K:AD;I=:6AADL6C8:;DG8G:9>I
ADHH:H>C=:G:CIAN>CKDAK:H6=><=9:K>IN6C9G:FJ>G:HJHIDB6@:H>;>86CI:HI>B6I:HD;8JGG:CI8G:9>IG>H@H6C9
;JIJG:IG:C9H	6AAD;L=>8=B6NJC9:G6A8=6C<:H(JG6AADL6C8:;DG8G:9>IADHH:HB6NCDI7:HJ;;>8>:CIID8DK:GI=:
AD6C6C9A:6H:ADHH:HI=6IL:B6N68IJ6AAN>C8JG";L::ME:G>:C8:9:;6JAIH7N7DGGDL:GH>C6CND;DJG7JH>C:HH:H	DJG:6GC>CK:AN6;;:8I:9=6C<:H>CAD86A:8DCDB>88DC9>I>DCH8DJA969K:GH:AN6;;:8I8G:9>IFJ6A>IN	E6GI>8JA6GAN>CDJG
AD86A7JH>C:HHAD6C6C9A:6H:EDGI;DA>D=6C<:H>CC6I>DC6ADG>CI:GC6I>DC6A:8DCDB>88DC9>I>DCH8DJA96AHD69K:GH:AN6;;:8II=:
FJ6A>IN D; DJG AD6C 6C9 A:6H: EDGI;DA>D 6C9 C:<6I:	 ID HDB: :MI:CI	 I=: 7:C:;>IH D; C6I>DC6A DG >CI:GC6I>DC6A 9>K:GH>;>86I>DC
I=GDJ<=DJG,E:8>6AIN>C6C8: GDJEXHEDGI;DA>D"C699>I>DC	76C@G::HE:G>D9>86AANG:K>:LDJG6AADL6C8:;DG
8G:9>IADHH:H6C9B6NG:FJ>G:6C>C8G:6H:>CI=:EGDK>H>DC;DG8G:9>IADHH:HDGI=:G:8DI>DCD;;JGI=:GAD6CDGA:6H:8=6G<:
D;;H
76H:9JEDCI=:>G?J98=B6N7:9>;;:G:CI;GDBDJGH
)85C?E>4>5CC?6?D85B69>1>391<9>CD9DED9?>C3?E<414F5BC5C6C8>6AH:GK>8:H>CHI>IJI>DCH6G:>CI:GG:A6I:96H6
G:HJAI D; IG69>C<	 8A:6G>C<	 8DJCI:GE6GIN	 DG DI=:G G:A6I>DCH=>EH 0: =6K: :MEDHJG: ID B6CN 9>;;:G:CI >C9JHIG>:H 6C9
8DJCI:GE6GI>:H	 6C9 L: GDJI>C:AN :M:8JI: IG6CH68I>DCH L>I= 8DJCI:GE6GI>:H >C I=: ;>C6C8>6A H:GK>8:H >C9JHIGN	 >C8AJ9>C<
8DBB:G8>6A76C@H	7GD@:GH6C99:6A:GH	>CK:HIB:CI76C@H	6C9DI=:G>CHI>IJI>DC6A8A>:CIH&6CND;I=:H:IG6CH68I>DCH:MEDH:JH
ID8G:9>IG>H@>CI=::K:CID;69:;6JAI7NDJG8DJCI:GE6GINDG8A>:CI"C699>I>DC	DJG8G:9>IG>H@B6N7::M68:G76I:9L=:CI=:
8DAA6I:G6A =:A9 7N JH 86CCDI 7: G:6A>O:9 DG >H A>FJ>96I:9 6I EG>8:H CDI HJ;;>8>:CI ID G:8DK:G I=: ;JAA 6BDJCI D; I=: 8G:9>I DG
9:G>K6I>K::MEDHJG:9J:JHCNHJ8=ADHH:H8DJA9=6K:6B6I:G>6A69K:GH::;;:8IDCDJG;>C6C8>6A8DC9>I>DC6C9G:HJAIHD;
DE:G6I>DCH

Q
,+

DGB
$

,5=1I2514F5BC5751>4B5<1D54<579C<1D9F51>4B57E<1D?BI9>9D91D9F5CT:9:G6A6C9HI6I:
A:<>HA6IJG:H6C9G::H8DCI>CJ:IDEGDEDH:6C969K6C8:CJB:GDJHA:<>HA6I>K:6C9G:C>I>6I>K:HH::@>C<ID
B>I><6I:I=::;;:8IHD;8A>B6I:8=6C<:H6;>C6C8>6A>CHI>IJI>DC	>I>HJC8A:6G=DL;JIJG:DCH6C9H=>;IH>C
7JH>C:HHIG:C9HG:HJAI>C<;GDB>C8G:6H:98DC8:GC67DJI8A>B6I:8=6C<:L>AA6;;:8IDJGDE:G6I>DCH	=DL:K:G	C6IJG6ADGB6C
B69:
9>H6HI:GH 6C9 H:K:G: L:6I=:G :K:CIH B6N 86JH: DE:G6I>DC6A 9>HGJEI>DCH 6C9 96B6<: ID 7DI= DJG EGDE:GI>:H 6C9 EGDE:GI>:H
H:8JG>C<DJGAD6CH%DHH:HG:HJAI>C<;GDBI=:H:9>H6HI:GH6C9H:K:G:L:6I=:G:K:CIHB6NB6@:>IBDG:9>;;>8JAI;DG7DGGDL:GHID
I>B:ANG:E6NI=:>GAD6CH99>I>DC6AAN	DJG8JHIDB:GHL=D;>C6C8:K:=>8A:H6C9:FJ>EB:CIG:A>6CIDC;DHH>A;J:AH8DJA9;68:8DHI
>C8G:6H:H	6HH:IK6AJ:G:9J8I>DCH	DE:G6I>C<EGD8:HH8=6C<:H	6C9I=:A>@:";I=:H::K:CIHD88JG	L:B6N:ME:G>:C8:69:8G:6H:
>CI=:K6AJ:D;DJGAD6C6C9A:6H:EDGI;DA>D6C9DJGG:K:CJ:	6C9B6N>C8JG699>I>DC6ADE:G6I>DC6A:ME:CH:H	:68=D;L=>8=
8DJA9=6K:6B6I:G>6A69K:GH::;;:8IDCDJG;>C6C8>6A8DC9>I>DC6C9G:HJAIHD;DE:G6I>DCH
"1B;5D'9C;C
C9>9>D5B5CDB1D5C3?E<4B54E35?EB@B?69D129<9DI1>416653DD85F1@:DI=:G;>C6C8>6A
>CHI>IJI>DCH	L:6G:HJ7?:8IID>CI:G:HIG6I:G>H@(JGEG>B6GNHDJG8:D;>C8DB:>HC:I>CI:G:HI>C8DB:	L=>8=>HI=:9>;;:G:C8:
7:IL::C>CI:G:HI:6GC:9DCAD6CH6C9A:6H:H6C9>CK:HIB:CIH	6C9>CI:G:HIE6>9DC9:EDH>IH6C97DGGDL>CAAE:G>D9>86AAN:ME:G>:C8:>B76A6C8:H>CI=:>CI:G:HIG6I:H:CH>I>K>I>:HD;DJG6HH:IH6C9A>67>A>I>:H6C9I=:G:A6I>DCH=>EHD;
K6G>DJH >CI:G:HI G6I:H ID :68= DI=:G (K:G 6CN 9:;>C:9 E:G>D9 D; I>B:	 DJG >CI:G:HI
:6GC>C< 6HH:IH B6N 7: BDG: H:CH>I>K: ID
8=6C<:H>CB6G@:I>CI:G:HIG6I:HI=6CDJG>CI:G:HI
7:6G>C<A>67>A>I>:H	DGK>8:
K:GH6"C699>I>DC	I=:>C9>K>9J6AB6G@:I>CI:G:HI
G6I:HJC9:GAN>C<DJGAD6C6C9A:6H:6C99:EDH>IEGD9J8IHB6NCDI8=6C<:IDI=:H6B:9:K:CI>B:E:G>D9";B6G@:I
>CI:G:HIG6I:HH=DJA9BDK:8DCIG6GNIDDJGEDH>I>DC	:6GC>CK:AN6;;:8I:9"C699>I>DC	AD6C6C9A:6H:KDAJB:6C9
FJ6A>IN6C99:EDH>IKDAJB:6C9B>M86C7:6;;:8I:97NB6G@:I>CI:G:HIG6I:H6H86CI=:7JH>C:HH:HD;DJG8A>:CIH=6C<:H>C
A:K:AHD;B6G@:I>CI:G:HIG6I:H8DJA9=6K:6B6I:G>6A69K:GH::;;:8IDCDJGC:I>CI:G:HIHEG:69	6HH:IFJ6A>IN	DG><>C6I>DCKDAJB:	
6C9DK:G6AAEGD;>I67>A>IN99>I>DC6AAN	8=6C<:H>CA:K:AHD;B6G@:I>CI:G:HIG6I:H8DJA986JH:DJG9:7IH:8JG>I>:H6K6>A67A:
;DG
H6A:IDBDK:>CIDJCG:6A>O:9ADHHEDH>I>DCHL=>8=>H6C:<6I>K:8DBEDC:CID;IDI6AH=6G:=DA9:GHX:FJ>IN
&6G@:I>CI:G:HIG6I:H6G:7:NDC9DJG8DCIGDA	6C9I=:N;AJ8IJ6I:>CG:HEDCH:ID<:C:G6A:8DCDB>88DC9>I>DCH6C9I=:EDA>8>:HD;
K6G>DJH:H	>CE6GI>8JA6G	I=::9:G6A+:H:GK:D6G9=6C<:H>CBDC:I6GNEDA>8N	>C8AJ9>C<
8=6C<:H>C>CI:G:HIG6I:H	B6NC:<6I>K:AN6;;:8IDJG67>A>INIDDG><>C6I:AD6CH6C9A:6H:H	I=:K6AJ:D;DJG6HH:IH6C9DJG67>A>INID
G:6A>O:<6>CH;GDBI=:H6A:D;DJG6HH:IH	6AAD;L=>8=JAI>B6I:AN8DJA96;;:8IDJG:6GC>CC;A6I>DC	DGI=:6<DJHE:G>D9HD;:A:K6I:9>C;A6I>DC	86C=6K:8DBEA:M:;;:8IHDCDJG
7JH>C:HH6C9G:HJAIHD;DE:G6I>DCH	HDB:D;L=>8=8DJA97:B6I:G>6AAN69K:GH: DK:GCB:CI6AG:HEDCH:HID:A:K6I:9A:K:AHD;
>C;A6I>DC	 DG I=: 6<DJH >C;A6I>DC6GN E:G>D9H	 HJ8= 6H H:K:G: BDC:I6GN 6C9 ;>H86A EDA>8N	 86C G:HJAI >C
>C8G:6H:9B6G@:I>CI:G:HIG6I:HDGKDA6I>A>IN>C>CI:G:HIG6I:A:K:AH-=:9JG6I>DC6C9H:K:G>IND;6EGDADC<:9>C;A6I>DC6GNE:G>D9
6C9I=:G:HJAI>C<>BE68IDCJH86CCDI7:EG:9>8I:9L>I=EG:8>H>DC
4F5BC5 381>75C 9> 53?>?=93 3?>49D9?>C 3?E<4 9=@19B ?EB 69>1>391< 3?>49D9?> 1>4 B5CEC T 0: 6G:
>BE68I:97N<:C:G6A7JH>C:HH6C9:8DCDB>88DC9>I>DCH>CI=:.C>I:9,I6I:H6C967GD69-=:H:8DC9>I>DCH>C8AJ9:H=DGI
I:GB
6C9ADC<
I:GB>CI:G:HIG6I:H	>C;A6I>DC	BDC:NHJEEAN	EDA>I>86A>HHJ:H	A:<>HA6I>K:6C9G:DCH>C7DI=
9:7I6C9:FJ>IN86E>I6AB6G@:IH	7GD69IG:C9H>C>C9JHIGN6C9;>C6C8:	JC:BEADNB:CI	A>CC<;DGI=:;;H6C9DI=:GIG69:EDA>8>:H	>C;:8I>DJH9>H:6H::E>9:B>8HDGDJI7G:6@H6C9I=:HIG:C:H>CL=>8=L:DE:G6I:	6AAD;L=>8=6G:7:NDC9DJG8DCIGDA9:I:G>DG6I>DC>C:8DCDB>8
8DC9>I>DCH8DJA9G:HJAI>C6C>C8G:6H:>CAD6C9:A>CFJ:C8>:H6C9CDC
E:G;DGB>C<6HH:IH	9:8G:6H:H>CAD6C8DAA6I:G6AK6AJ:H6C96
9:8G:6H:>C9:B6C9;DGDJGEGD9J8IH6C9H:GK>8:H
81>75C9>53?>?=933?>49D9?>C=1I>571D9F55B1D542I?EBDBECD1>4G515CCT
-GJHI6C9L:6AI=69K>HDGN;::H6G:A6G<:AN76H:9DCI=:H>O:D;8A>:CIG:A6I>DCH=>EH6C9I=:B6G@:IK6AJ:D;6HH:IH=:A9JC9:G
B6C6<:B:CI=6C<:H>C<:C:G6A:8DCDB>88DC9>I>DCH6C9>CI=:;>C6C8>6A6C9H:8JG>I>:HB6G@:IHB6NC:<6I>K:AN>BE68II=:
K6AJ:D;DJG8A>:CIHXL:6AI=B6C6<:B:CI688DJCIH6C9I=:B6G@:IK6AJ:D;6HH:IH=:A9JC9:GB6C6<:B:CI&6G@:I9:8A>C:H	
G:9J8I>DCH>CI=:K6AJ:D;DJG8A>:CIHX688DJCIH	6C9I=:ADHHD;L:6AI=B6C6<:B:CI8A>:CIHB6NC:<6I>K:AN>BE68II=:;::H
<:C:G6I:97NDJGIGJHI6C9L:6AI=B6C6<:B:CI7JH>C:HH6C98DJA9=6K:6C69K:GH::;;:8IDCDJG7JH>C:HH	;>C6C8>6A8DC9>I>DC
6C9G:HJAIHD;DE:G6I>DCH

Q
,+

DGB
$

!9AE949DI
1@9D1<'9C;C
,5 3?E<4 5H@5B95>35 1> E>5H@53D54 9>129<9DI D? ?2D19> >55454 <9AE949DI G8938 3?E<4 14F5BC55CC
@B?69D129<9DI 1>4 F9129<9DI 1C 1 7?9>7 3?>35B> T -=: A>FJ>9>IN D; 6 ;>C6C8>6A >CHI>IJI>DC G:;A:8IH >IH 67>A>IN ID B::I AD6C
G:FJ:HIH	 ID 688DBBD96I: EDHH>7A: DJI;ADLH >C 9:EDH>IH	 6C9 ID I6@: 69K6CI6<: D; >CI:G:HI G6I: B6G@:I DEEDGIJC>I>:H 6C9 >H
:HH:CI>6AID6;>C6C8>6A>CHI>IJI>DCXH7JH>C:HH-=:67>A>IND;6;>C6C8>6A>CHI>IJI>DCIDB::I>IH8JGG:CI;>C6C8>6AD7A><6I>DCH>H6
;JC8I>DCD;>IH76A6C8:H=::IHIGJ8IJG:	>IH67>A>INIDA>FJ>96I:6HH:IH	6C9>IH688:HHID6AI:GC6I>K:HDJG8:HD;;JC9H-=:76C@
;6>AJG:H >C I=: ,EG>C< D; 
 :M:BEA>;N I=: EDI:CI>6A H:G>DJH G:HJAIH D; I=: JC:ME:8I:9 >C67>A>IN D; >CHJG:9 9:EDH>IDGN
>CHI>IJI>DCHIDD7I6>CC::9:9A>FJ>9>INIDH6I>H;N9:EDH>IL>I=9G6L6AG:FJ:HIH	>C8AJ9>C<=DLFJ>8@ANHJ8=G:FJ:HIH86C688:A:G6I:
DC8:JC>CHJG:99:EDH>IDGHADH:8DC;>9:C8:>C6C>CHI>IJI>DCXH67>A>INIDH6I>H;N>IHD7A><6I>DCHID9:EDH>IDGH0:H::@ID:CHJG:
DJG;JC9>C<C::9H6G:B:I7NB6>CI6>C>C<6A:K:AD;A>FJ>9>INI=GDJ<=6HH:I6C9A>67>A>INB6C6<:B:CI";L:7:8DB:JC67A:ID
D7I6>C;JC9HL=:CC::9:9	>I8DJA9=6K:6B6I:G>6A69K:GH::;;:8IDCDJG7JH>C:HH	;>C6C8>6A8DC9>I>DC	6C9G:HJAIHD;DE:G6I>DCH
99>I>DC6AAN	 JC9:G "C9>6C6 A6L C< I=: 8DAA6I:G6A>O6I>DC D; EJ7A>8 ;JC9 9:EDH>IH	 I=: "C9>6C6 D6G9 ;DG :EDH>IDG>:H
9:I:GB>C:HL=>8=;>C6C8>6A>CHI>IJI>DCH6G:G:FJ>G:9IDEA:9<:8DAA6I:G6A76H:9DCI=:HIG:CG;>C6C8>6AG6I>CC;DGB:9I=6ICD8DAA6I:G6A>HG:FJ>G:9;DGDJGEJ7A>8;JC99:EDH>IH!DL:K:G	I=:D6G9D;:EDH>IDG>:H8DJA96AI:GI=>H
G:FJ>G:B:CI>CI=:;JIJG:	L=>8=8DJA969K:GH:AN6;;:8IDJGA>FJ>9>IN9:E:C9>C<DCI=:6BDJCID;8DAA6I:G6AL:B6N7:G:FJ>G:9
IDEA:9<:
*>B51<9J54?EB1F19<12<56?BC1<59>F5CD=5>DC53EB9D95C@?BD6?<9?3?E<414F5BC5CI:G:HI G6I:H >C8G:6H:9 9JG>C< 
 6C9 
	 L: :ME:G>:C8:9 >C8G:6H:9 JCG:6A>O:9 ADHH:H L>I=>C DJG 6K6>A67A:
;DG
H6A:
>CK:HIB:CI H:8JG>I>:H EDGI;DA>D (JG 6K6>A67A:
;DG
H6A: >CK:HIB:CI H:8JG>I>:H EDGI;DA>D 8DCH>HIH D; D7A><6I>DCH D; I=: .,
-G:6HJGN6C9;:9:G6A6<:C8>:H	D7A><6I>DCHD;HI6I:6C9AD86ABJC>8>E6A>I>:H6C9;:9:G6A6<:C8NBDGI<6<:D7A><6I>DCH0:=:A9
CD =:A9
ID
B6IJG>IN DG :FJ>IN H:8JG>I>:H 6I :8:B7:G 	 
 &6CN D; I=: >CHIGJB:CIH >C DJG H:8JG>I>:H EDGI;DA>D 6G:
E6GI>8JA6GANH:CH>I>K:ID>CI:G:HIG6I:;AJ8IJ6I>DCH	:HE:8>6AANADC<
I:GB;>M:9
>C8DB:H:8JG>I>:H-=:JCG:6A>O:9ADHH:HD;DJG
H:8JG>I>:HEDGI;DA>D6G:G:;A:8I:9>C88JBJA6I:9(I=:GDBEG:=:CH>K:"C8DB:DCDJGDCHDA>96I:9,I6I:B:CIHD;>C6C8>6A
DC9>I>DC 6C9 G:9J8:H DJG 7DD@ 86E>I6A 6C9 I6C<>7A: 8DBBDC :FJ>IN G6I>D !DL:K:G	 JCG:6A>O:9 ADHH:H 9D CDI 6;;:8I DJG
G:I6AG6I>DH
&6C6<:B:CI 8DCI>CJ:H ID 68I>K:AN BDC>IDG I=: >CK:HIB:CI EDGI;DA>D 6C9 B6N 8DCI>CJ: ID I6@: 69K6CI6<: D; DEEDGIJC>HI>8
G:HIGJ8IJG>C<6AI:GC6I>K:H;GDBI>B:IDI>B:";L:H:AAH:8JG>I>:H;GDBDJG>CK:HIB:CIEDGI;DA>D7:;DG:I=:;JAAG:8DK:GND;I=:>G
6BDGI>O:98DHI76H:HL=>8=>HINE>86AAN6IB6IJG>IN	I=:CL:B6N>C8JGADHH:H
,5 B5 49F945>4C 6B?= ?EB CE2C9491B95C T 0: G:8:>K: HJ7HI6CI>6AAN 6AA D; DJG G:K:CJ: ;GDB 9>K>9:C9H ;GDB DJG
HJ7H>9>6G>:H	>C8AJ9>C<	EG>B6G>AN	I=:6C@-=:H:9>K>9:C9H6G:I=:EG>C8>E6AHDJG8:D;;JC9HL:JH:IDE6N9>K>9:C9HDCDJG
8DBBDC HID8@ 6C9 >CI:G:HI 6C9 EG>C8>E6A DC DJG 9:7I /6G>DJH ;:9:G6A 6C9 HI6I: A6LH 6C9 G:DCH A>B>I I=: 6BDJCI D;
9>K>9:C9HDJGHJ7H>9>6G>:HB6NE6NIDJH"CI=::K:CIDJGHJ7H>9>6G>:H6G:JC67A:IDE6N9>K>9:C9HIDJH	L:B6NCDI7:67A:ID
H:GK>8: 9:7I	 E6N DI=:G D7A><6I>DCH	 DG E6N 9>K>9:C9H DC DJG 8DBBDC HID8@ (JG >C67>A>IN ID G:8:>K: 9>K>9:C9H ;GDB DJG
HJ7H>9>6G>:H8DJA9=6K:6B6I:G>6A69K:GH::;;:8IDCDJG7JH>C:HH	;>C6C8>6A8DC9>I>DC6C9G:HJAIHD;DE:G6I>DCH
,51B5B5AE9B54D?=19>D19>31@9D1<D?=55DB57E<1D?BIB5AE9B5=5>DCT-=:DBE6CN	DC68DCHDA>96I:976H>H	6C9I=:
6C@	 DC 6 HI6C9
6ADC: 76H>H	 BJHI B::I 8:GI6>C G:I6A G:FJ>G:B:CIH 6C9 B6>CI6>C HJ;;>8>:CI A>FJ>9>IN 0: ;68:
H>;>86CI86E>I6A6C9DI=:GG:G:B:CIH6H6;>C6C8>6A>CHI>IJI>DC	L=>8=L:G:=:><=I:C:9L>I=I=:>BEA:B:CI6I>DC
D;I=:6H:A"""+JA:6C9I=:E=6H:
>CD;I=:86E>I6A8DCH:GK6I>DC7J;;:GG:FJ>G:B:CI(JG67>A>INIDG6>H:699>I>DC6A86E>I6A
9:E:C9HDC8DC9>I>DCH>CI=:86E>I6AB6G@:IH	:8DCDB>88DC9>I>DCH6C96CJB7:GD;DI=:G;68IDGH	>C8AJ9>C<>CK:HIDGE:G8:EI>DCH
G:<6G9>C<I=:76C@>C<>C9JHIGN	B6G@:I8DC9>I>DCH6C9K>I>:H6C9DCDJG;>C6C8>6A8DC9>I>DC6C9E:G;DGB6C8:
88DG9>CAA7:67A:IDG6>H:699>I>DC6A86E>I6A>;C::9:9DGDCI:GBH688:EI67A:IDJH";L:
;6>AIDB6>CI6>C86E>I6AIDB::IG:G:B:CIH	DJG;>C6C8>6A8DC9>I>DC	A>FJ>9>IN6C9G:HJAIHD;DE:G6I>DCHLDJA97:
B6I:G>6AAN6C969K:GH:AN6;;:8I:9

Q
,+

DGB
$

(DB1D5793
$@5B1D9?>1<'9C;C
$EBB9C;=1>175=5>D6B1=5G?B;3?E<4@B?F59>56653D9F5G89383?E<481F51=1D5B91<14F5BC556653D?>?EB129<9DID?
=9D971D5B9C;C1>4
?BH=:96G>H@B6C6<:B:CI;G6B:LDG@ID>9:CI>;N6C9B6C6<:DJGG>H@:MEDHJG:
-=>H;G6B:LDG@>H8DBEG>H:9D;K6G>DJHEGD8:HH:H	HNHI:BH6C9HIG6I:<>:H	6C9>H9:H>H@IDL=>8=
L:6G:HJ7?:8I	>C8AJ9>C<	8G:9>I	B6G@:I	A>FJ>9>IN86E>I6A	HIG6I:<>8DE:G6I>DC6A	A:<6A8DBEA>6C8:	6C9G:EJI6I>DC6AG>H@H(JG
;G6B:LDG@6AHD>C8AJ9:H;>C6C8>6A	6C6ANI>86A6C9;DG:86HI>C<BD9:A>C<B:I=D9DAD<>:HL=>8=>CKDAK:H>;>86CIB6C6<:B:CI
6HHJBEI>DCH6C9?J98JA6GAN>CI>B:HD;B6G@:IHIG:HHDGDI=:GJC;DG:H::C8>G8JBHI6C8:H
99>I>DC6AAN	DJGD6G9D;>G:8IDGH=6H69DEI:96G>H@6EE:I>I:HI6I:B:CI>C8DCHJAI6I>DCL>I=B6C6<:B:CIL=>8=H:IH;DGI=
8:GI6>CI=G:H=DA9H6C9A>B>IHIDH@EGD;>A:-=:G:86C7:CD6HHJG6C8:I=6IDJGG>H@B6C6<:B:CI;G6B:LDG@
L>AA7::;;:8I>K:JC9:G6AA8>G8JBHI6C8:HDGI=6I>IL>AA69:FJ6I:AN>9:CI>;N	B6C6<:DGA>B>I6CNG>H@D;ADHHIDJHCNHJ8=
;6>AJG:>CDJGG>H@B6C6<:B:CI;G6B:LDG@8DJA9=6K:6B6I:G>6A69K:GH::;;:8IDCDJG7JH>C:HH	;>C6C8>6A8DC9>I>DC	6C9G:HJAIH
D;DE:G6I>DCH
,5 1B5 45@5>45>D E@?> D85 C5BF935C ?6 ?EB =1>175=5>D D51= 1>4 ?D85B ;5I @5BC?>>5< T (JG ;JIJG: HJ88:HH 6C9
EGD;>I67>A>IN>HHJ7HI6CI>6AAN9:E:C9:CIJEDCDJGB6C6<:B:CI6C9I=:76C@>C<68JB:CD;DJGH:C>DG:M:8JI>K:H6C9DI=:G@:N
E:GHDCC:A0:7:A>:K:I=6IDJG;JIJG:G:HJAIHL>AA6AHD9:E:C9>CE6GIJEDCDJG67>A>INID6IIG68I6C9G:I6>C=><=ANH@>AA:96C9
FJ6A>;>:9B6C6<:B:CI0:6G::HE:8>6AAN9:E:C9:CIDC6A>B>I:9CJB7:GD;@:NB6C6<:B:CIE:GHDCC:A	B6CND;L=DB9DCDI
=6K::BEADNB:CI6I=JH-=:ADHHD;I=:8=>:;:M:8JI>K:D;;>8:G6C9DI=:GH:C>DGB6C6<:B:CI6C9@:NE:GHDCC:A
8DJA9=6K:6B6I:G>6A69K:GH:>BE68IDCDJGDE:G6I>DCH7:86JH:DI=:GD;;>8:GHB6NCDI=6K:I=::ME:G>:C8:6C9:ME:GI>H:ID
G:69>AN G:EA68: I=:H: >C9>K>9J6AH &6CN D; I=:H: H:C>DG D;;>8:GH =6K: EG>B6GN 8DCI68I L>I= DJG 8A>:CIH 6C9 6G: >BEDGI6CI >C
B6>CI6>C>C<E:GHDC6AG:A6I>DCH=>EHL>I=DJG8A>:CI76H:-=:JC:ME:8I:9ADHHD;H:GK>8:HD;DC:DGBDG:D;I=:H:@:N:BEADN::H
8DJA9=6K:6B6I:G>6A69K:GH::;;:8IDCDJGDE:G6I>DCH6C9EDHH>7ANG:HJAI>CG:9J8:9G:K:CJ:H>;L:L:G:JC67A:ID;>C9HJ>I67A:
G:EA68:B:CIHEGDBEIANDBE:I>I>DC;DGH:C>DGE:GHDCC:A>H>CI:CH:	6C9L:B6NCDI7:HJ88:HH;JA>C6IIG68I>C<6C9G:I6>C>C<
HJ8= E:GHDCC:A =6C<:H >C @:N E:GHDCC:A 6C9 I=:>G G:HEDCH>7>A>I>:H B6N 7: 9>HGJEI>K: ID DJG 7JH>C:HH:H 6C9 8DJA9 =6K: 6
B6I:G>6A69K:GH::;;:8IDCDJG7JH>C:HH:H	;>C6C8>6A8DC9>I>DC	6C9G:HJAIHD;DE:G6I>DCH
)538>?DC H:8JG>IN G>H@H =6K: >C8G:6H:9 9J: ID I=: HDE=>HI>86I>DC 6C9 68I>K>I>:H D;
DG<6C>O:98G>B:	=68@:GH	I:GGDG>HIH6C9DI=:G:MI:GC6AE6GI>:H6C9I=:JH:D;DCA>C:	I:A:E=DC:	6C9BD7>A:76C@>C<8=6CC:AH7N
8A>:CIHCN8DBEGDB>H:D;DJGH:8JG>IN8DJA9>BE6>GDJGG:EJI6I>DC6C99:I:GDJG8A>:CIH;GDBJH>C<DJG76C@>C<H:GK>8:H
"C;DGB6I>DCH:8JG>IN7G:68=:H86C6AHD9>HGJEII=:DE:G6I>DCD;>C;DGB6I>DCHNHI:BHDCL=>8=L:9:E:C9	69K:GH:AN6;;:8I>C<
DJG7JH>C:HHDE:G6I>DCH,J8=:K:CIH86CG:HJAI>C8DHIANG:B:9>6I>DCB:6HJG:H6C9A>I><6I>DCDGCK:HI><6I>DC6C9
G:HEDC9>C<IDH:8JG>IN7G:68=:H86CEA68:JC6CI>8>E6I:99:B6C9HDCI=:I>B:6C96II:CI>DCD;B6C6<:B:CI0:G:ANDCH:8JG>IN
HNHI:BHIDEGDK>9:I=:EGDI:8I>DC6C96JI=:CI>86I>DCC:8:HH6GNIDH:8JG:IG6CHB>HH>DCD;96I66<6>CHI96B6<:7NI=:;I	;>G:	
EDL:GADHH	I:A:8DBBJC>86I>DCH;6>AJG:DG6H>B>A6G86I6HIGDE=>8:K:CI	6HL:AA6H;GDBH:8JG>IN7G:68=:H	G6CHDBL6G:	9:C>6AD;
H:GK>8:6II68@H	K>GJH:H	LDGBH	JH:D;6GI>;>8>6A>CI:AA><:C8:"6C9DI=:G9>HGJEI>K:EGD7A:BH86JH:97N=68@:GHDBEJI:G
7G:6@
>CH	E=>H=>C<6C9DI=:G9>HGJEI>DCHD;8JHIDB:GDGK:C9DGHNHI:BH8DJA96AHD?:DE6G9>O:I=:H:8JG>IND;>C;DGB6I>DCHIDG:9
>C 6C9 IG6CHB>II:9 I=GDJ<= DJG 8DBEJI:G HNHI:BH 6C9 C:ILDG@ >C;G6HIGJ8IJG: 0: B6>CI6>C 6 8N7:G >CHJG6C8: EDA>8N I=6I >H
9:H>IND;ADHHG:HJAI>C<;GDB8N7:GH:8JG>IN7G:68=:H	7JII=:G:>HCD6HHJG6C8:HJ8=8DK:G6<:DGDI=:G
EGDI:8I>K:B:6HJG:HL::BEADNL>AA7:69:FJ6I:ID699G:HH6AAEDI:CI>6AB6I:G>6A69K:GH:>BE68IH
0:6AHD8DC;GDCII=:G>H@D;7:>C<8DBEGDB>H:97N:B6>AHH:CI7NE:GE:IG6IDGHEDH>C<6H8DBE6CN:M:8JI>K:HDGK:C9DGH>C
DG9:GID9JE:8DBE6CNE:GHDCC:A>CIDH:C9>C<A6G<:HJBHD;BDC:NID688DJCIH8DCIGDAA:97NI=:E:GE:IG6IDGH0:G:FJ>G:6AA
DJG:BEADN::HID8DBEA:I:6CCJ6A>C;DGB6I>DCH:8JG>IN6L6G:C:HHIG6>C>C<ID>C8G:6H:I=:>G6L6G:C:HHD;I=:H:G>H@H6C9ID
:C<6<: I=:B >C DJG B>I><6I>DC :;;DGIH "; I=:H: EG:86JI>DCH 6G: CDI HJ;;>8>:CI ID EGDI:8I DJG HNHI:BH ;GDB 96I6 7G:68=:H DG
8DBEGDB>H:H	DJGG:EJI6I>DC6C97JH>C:HH8DJA97:69K:GH:AN6;;:8I:9
0:9:E:C9DCI=:H:GK>8:HD;6K6G>:IND;I=>G9
E6GINK:C9DGHIDB::I96I6EGD8:HH>C<6C98DBBJC>86I>DCC::9H6C9L:=6K:
8DCIG68I:9L>I=I=>G9E6GI>:HIDGJCI=:>GEGDEG>:I6GNHD;IL6G:DCDJG7:=6A;0=>A:L:E:G;DGBG:K>:LHD;H:8JG>IN8DCIGDAH
>CHI>IJI:9 7N I=: K:C9DG >C 688DG96C8: L>I= >C9JHIGN HI6C96G9H 6C9 >CHI>IJI: DJG DLC >CI:GC6A H:8JG>IN 8DCIGDAH	 L: G:AN DC
8DCI>CJ:9B6>CI:C6C8:D;I=:8DCIGDAH7NI=:DJIH>9:E6GINIDH6;:I>DC6AAN	L:>HHJ:9:7>I86G9HL=>8=6G:HJH8:EI>7A:ID8DBEGDB>H:6II=:ED>CID;H6A:K>6I=:E=NH>86AI:GB>C6AI=GDJ<=
L=>8=IG6CH68I>DCH6G:EGD8:HH:96C97NDI=:GB:6CHD;=68@>C<-=:H:8JG>IN6C9>CI:IND;I=:H:IG6CH68I>DCH6G:9:E:C9:CI
JEDCI=:G:I6>A:GHXK><>A6C8:6C9L>AA>CCK:HI>CI:8=CDADC<9:7>I86G9HIDDJG8A>:CIH:MEDH:HJH
ID EDI:CI>6A ADHH:H L=>8=	 >C I=: :K:CI D; 6 96I6 7G:68= 6I DC: DG BDG: B6?DG G:I6>A:GH B6N 69K:GH:AN 6;;:8I DJG 7JH>C:HH	
;>C6C8>6A8DC9>I>DC	6C9G:HJAIHD;DE:G6I>DCH
JGI=:GBDG:	 I=:G: 8DCI>CJ:H ID 7: =:><=I:C:9 A:<>HA6I>K: 6C9 G:K68N	 96I6 EGDI:8I>DC 6C9 >C;DGB6I>DC
H:8JG>IN':LDGG:K>H:9A6LH6C9G:DCHB6NH>;>86CIAN>BE68IDJG8JGG:CI6C9EA6CC:9EG>K68N	96I6EGDI:8I>DC6C9
>C;DGB6I>DC H:8JG>IN
G:A6I:9 EG68I>8:H	 I=: 8DAA:8I>DC	 JH:	 H=6G>C<	 G:I:CI>DC 6C9 H6;:C< D; 8DCHJB:G 6C9 :BEADN::
>C;DGB6I>DC	 6C9 8JGG:CI DG EA6CC:9 7JH>C:HH 68I>K>I>:H DBEA>6C8: L>I= 8JGG:CI DG ;JIJG: EG>K68N	 96I6 EGDI:8I>DC 6C9
>C;DGB6I>DC H:8JG>IN A6LH 8DJA9 G:HJAI >C =><=:G 8DBEA>6C8: 6C9 I:8=CDAD8I DJG 67>A>IN ID EGDK>9:
8:GI6>CEGD9J8IH6C9H:GK>8:H	L=>8=8DJA9=6K:6C69K:GH::;;:8IDCDJG7JH>C:HH	;>C6C8>6A8DC9>I>DC6C9G:HJAIHD;DE:G6I>DCH

Q
,+

DGB
$

,5 3?>D9>E1<3?E>D5B D538>?75 T -=: ;>C6C8>6A H:GK>8:H >C9JHIGN >H 8DCHI6CIAN JC9:GC< G6E>9
I:8=CDAD<>86A8=6C<:L>I=;G:FJ:CI>CIGD9J8I>DCHD;C:LI:8=CDADK:CEGD9J8IH6C9H:GK>8:H	>C8AJ9>C<>CCDK6I>K:L6NH
I=6I8JHIDB:GH86CB6@:E6NB:CIHDGB6C6<:I=:>G688DJCIH	HJ8=6HI=GDJ<=I=:JH:D;BD7>A:E6NB:CIH	9><>I6AL6AA:IHDG
9><>I6A8JGG:C8>:H"CG:8:CIN:6GH	8DBE:I>I>DC=6H>C8G:6H:9;GDB>CHI>IJI>DCHCDIHJ7?:8IIDI=:H6B:G:8I>DCH6H
9DB:HI>876C@H6C9=DA9>C<8DBE6C>:H	>C8AJ9>C<;>C6C8>6AI:8=CDAD:H	DGW;>CI:8=H	XL=>8=B6ND;;:G76C@
A>@:
EGD9J8IHDGH:GK>8:HI=6I8DBE:I:9>G:8IANL>I=I=:DBE6CNXHEGD9J8IH6C9H:GK>8:H(JG;JIJG:HJ88:HH9:E:C9H	>CE6GI	JEDC
DJG67>A>INID699G:HHI=:C::9HD;DJG8A>:CIH8DBE:I>I>K:AN7NJH>C<I:8=CDAD9:EGD9J8IH6C9H:GK>8:HI=6IL>AA
H6I>H;N 8A>:CI 9:B6C9H	 6H L:AA 6H 8G:6I: 699>I>DC6A :;;>8>:C8>:H L>I=>C DJG DE:G6I>DCH &6CN D; DJG A6G<: 8DBE:I>IDGH =6K:
HJ7HI6CI>6AAN CK:HI >C I:8=CDAD<>86A >BEGDK:B:CIH 0: B6N CDI 7: 67A: ID :;;:8I>K:AN >BEA:B:CI C:L
I:8=CDADK:CEGD9J8IH6C9H:GK>8:HFJ>8@ANDG7:HJ88:HH;JA>CB6G@:I>C<I=:H:EGD9J8IH6C9H:GK>8:HIDDJG8A>:CIH
"C699>I>DC	DJG>BEA:B:CI6I>DCD;8:GI6>CC:LI:8=CDAD<>:H	HJ8=6HI=DH:G:A6I:9ID"	6JIDB6I>DC6C96AI=BH	>CDJG
7JH>C:HHEGD8:HH:HB6N=6K:JC>CI:C9:98DCH:FJ:C8:H9J:IDI=:>GA>B>I6I>DCHDGDJG;6>AJG:IDJH:I=:B:;;:8I>K:AN6>AJG:ID
HJ88:HH;JAAN@::EE68:L>I=I:8=CDAD<>86A8=6C<:6;;:8I>C<I=:;>C6C8>6AH:GK>8:H>C9JHIGN8DJA9=6K:6B6I:G>6A69K:GH:>BE68I
DCDJG7JH>C:HH6C9	>CIJGC	DJG;>C6C8>6A8DC9>I>DC6C9G:HJAIHD;DE:G6I>DCH0:6G:>CI=::6GANHI6<:HD;>C8DGEDG6I>C<"
>CIDDJG7JH>C:HH68I>K>I>:HID>C8G:6H::BEADN::EGD9J8I>K>IN0:=6K:CDIN:I9:EADN:9"
9G>K:CHNHI:BH>C8G>I>86A9:8>H>DC
B6@>C<DG8A>:CI
;68>C<EGD8:HH:H(JGK:C9DGHDGI=>G9E6GI>:HB6N9:K:ADEDG>C8DGEDG6I:"I:8=CDADC8:GI6>C7JH>C:HH
EGD8:HH:H	H:GK>8:H	DGEGD9J8IHCNG:A>6C8:DC"EG:H:CIH6CJB7:GD;G>H@H6C98=6AA:C<:HIDDJG7JH>C:HHJGI=:GBDG:	I=:
A:<6A6C9G:BE68I>C<C:LI:8=CDAD<>:HHJ8=6H">H:KDAK>C<G6E>9AN	6C9I=:>C67>A>INIDEG:9>8I=DLI=>H
G:DCL>AAI6@:H=6E:6C9I=:67H:C8:D;6JC>;DGBG:C
6EEAN>C< 6C9 G:AN>C< DC :M>HI>C< 8DBEA>6C8: HNHI:BH DBEAN>C< L>I= :M>HI>C< 6C9 C:L " 6C9 96I6 JH6<: A6LH	 6C9
>C8DCH>HI:C8>:H >C G:DC ;GDB ?JG>H9>8I>DC ID ?JG>H9>8I>DC	 8DJA9 >C8G:6H: :ME:CH:H 6C9 :MEDHJG: ID A:<6A DG G:C5CC9CCE2:53DD?6B1E41DD5=@DCTH6;>C6C8>6A>CHI>IJI>DC	L:6G:HJH8:EI>7A:ID;G6J9JA:CI68I>K>ING:C9:G:9
6<6>CHI JH DG DJG 8JHIDB:GH I=6I B6N G:HJAI >C ;>C6C8>6A ADHH	>C8G:6H:9 8DHIH	 EG>K68N 7G:68=:H	 B>H6EEGDEG>6I>DC D; 6HH:IH	
A>I><6I>DC	DG96B6<:IDDJGG:EJI6I>DC-=:H:68IHB6NI6@:B6CN;DGBH>C8AJ9>C<8=:8@;G6J9	L>G:;G6J9	E=>H=>C<	HD8>6A
:C<>C::G>C<	6C9DI=:G9>H=DC:HIEGD8::9>CCHI6C8:HL=:G:76C@H=6K:7::CK>8I>BHD;;G6J9JA:CI68I>K>IN
>C L=>8= 8G>B>C6AH EDH: 6H 8JHIDB:GH ID >C>I>6I: L>G: 6C9 6JIDB6I:9 8A:6G>C<=DJH: IG6CH68I>DCH DJI D; 8JHIDB:G 688DJCIH
AI=DJ<=L:=6K:EDA>8>:H6C9EGD8:9JG:H>CEA68:IDK:G>;NI=:6JI=:CI>8>IND;DJG8JHIDB:GH	L:86CCDI6HHJG:I=6IHJ8=
EDA>8>:H6C9EGD8:9JG:HL>AAEG:K:CI6AA;G6J9JA:CIIG6CH;:GH
$EB133?E>D9>75CD9=1D5CB51>146?B531CD9>7=?45B6I:DJG6AADL6C8:;DG
8G:9>IADHH:H6C9IDB:6HJG:I=:;6>GK6AJ:D;;>C6C8>6A>CHIGJB:CIH	6HL:AA6HI=:EGD8:HH:HJH:9ID:HI>B6I:I=::;;:8IHD;
8=6C<>C<>CI:G:HIG6I:H6C9DI=:GB6G@:IB:6HJG:HDCDJG;>C6C8>6A8DC9>I>DC6C9G:HJAIHD;DE:G6I>DCH	9:E:C9JEDCI=:JH:D;
6C6ANI>86A6C9;DG:86HI>C<BD9:AH-=:H:BD9:AHG:;A:8I6HHJBEI>DCHI=6IB6NCDI7:688JG6I:	E6GI>8JA6GAN>CI>B:HD;B6G@:I
HIG:HHDGDI=:GJC;DG:H::C8>G8JBHI6C8:HK:C>;I=:H:6HHJBEI>DCH6G:69:FJ6I:	I=:BD9:AHB6NEGDK:ID7:>C69:FJ6I:DG
>C688JG6I:7:86JH:D;DI=:G;A6LH>CI=:>G9:H>G>BEA:B:CI6I>DCCNHJ8=;6>AJG:>CDJG6C6ANI>86ADG;DG:86HI>C<
BD9:AH8DJA9=6K:6B6I:G>6A69K:GH::;;:8IDCDJG7JH>C:HH	;>C6C8>6A8DC9>I>DC6C9G:HJAIHD;DE:G6I>DCH
!571<
?=@<91>35'9C;C
,51B5CE2:53DD?5HD5>C9F57?F5B>=5>DB57E<1D9?>1>4CE@5BF9C9?>T(JGDE:G6I>DCH6G:HJ7?:8IID:MI:CH>K:;:9:G6A6C9
HI6I: G:DC 6C9 HJE:GK>H>DC 6C@>C< G:DCH 6G: EG>B6G>AN >CI:C9:9 ID EGDI:8I 9:EDH>IDGHX ;JC9H	 ;:9:G6A 9:EDH>I
>CHJG6C8:;JC9H6C9I=:76C@>C<HNHI:B6H6L=DA:	CDIH:8JG>IN=DA9:GH-=:H:G:DCH6;;:8IDJGA:C9>C<EG68I>8:H	86E>I6A
HIGJ8IJG:	 >CK:HIB:CI EG68I>8:H	 9>K>9:C9 EDA>8N 6C9 C:H
8DCI>CJ6AANG:K>:L76C@>C<A6LH	G:DCH6C9EDA>8>:H;DGEDHH>7A:8=6C<:=6C<:HIDHI6IJI:H	G:DCHDGG:8>:H	>C8AJ9>C<8=6C<:H>C>CI:GEG:I6I>DCDG>BEA:B:CI6I>DCD;HI6IJI:H	G:DCDGEDA>8>:H	8DJA96;;:8IJH>CHJ7HI6CI>6A
6C9JCEG:9>8I67A:L6NH,J8=8=6C<:H8DJA9HJ7?:8IJHID699>I>DC6A8DHIH6C9A>B>II=:INE:HD;;>C6C8>6AH:GK>8:H6C9EGD9J8IH
L:B6ND;;:G6>AJG:ID8DBEANL>I=A6LH	G:DCHDGEDA>8>:H8DJA9G:HJAI>CH6C8I>DCH7NG::H	8>K>ABDC:N
E:C6AI>:H6C9DGG:EJI6I>DC96B6<:	L=>8=8DJA9=6K:6B6I:G>6A69K:GH::;;:8IDCDJG7JH>C:HH	;>C6C8>6A8DC9>I>DC6C9G:HJAIH
D;DE:G6I>DCH

Q
,+

DGB
$

CG53?>D9>E5D?7B?G9>C9J51>43?=@<5H9DIB57E<1D?BI5H@53D1D9?>C1>4C3BED9>IG9<<<9;53B51C51>43?E<481F51
@?D5>D91< 9=@13D ?> ?EB ?@5B1D9?>C 1>4 2EC9>5CC T H ;>C6C8>6A >CHI>IJI>DCH DCH D; G::HG:<6G9>C<I=:;>C6C8>6A>CHI>IJI>DCXH67>A>INID8DCIGDA;DG>C8G:6H>CHI>86I:97JH>C:HHDE:G6I>DCH
:GI6>C G:DCH 6C9 A6LH =6K: :B7:99:9 6HH:I I=G:H=DA9H I=6I 8=6C<: G:DCH	 =6K: 9>;;:G:CI ;>C6C8>6A
HI6I:B:CI >BE68IH	 G:FJ>G: 9>;;:G:CI 8DBB>II:: 6C9 B6C6<:B:CI 8DBEDH>I>DCH	 DG :C=6C8:9 G:EDGI>C< G:FJ>G:B:CIH DG
:M6BEA:	I=:JG7>CB:C9B:CIIDI=:D99
G6C@8IA>B>IHI=:6BDJCID;>CI:G8=6C<:;::HI=6I76C@HL>I=6HH:IHD;


7>AA>DCDGBDG:B6N8=6G<:IDEGD8:HH:A:8IGDC>89:7>IIG6CH68I>DCH6C@HBJHI8DBEANL>I=I=:JG7>CB:C9B:CICDA6I:G
I=6C#JAND;I=:C:MI86A:C96GN:6G6;I:GI=:76C@8GDHH:HI=:

7>AA>DC6HH:II=G:H=DA90=>A:L:9DCDI8JGG:CIAN=6K:


7>AA>DCDGBDG:>CIDI6A8DCHDA>96I:96HH:IH	L:=6K:7:C<I=:H:G:FJ>G:B:CIHID:CHJG:L:6G:EG:E6G:9ID
8DBEANL>I=I=:GJA:HL=:C6C9>;I=:N7:8DB:6EEA>867A:-=:G:>HEDI:CI>6AI=6I8=6C<:H>CI=:G:DCH;GDB
6HH:IBE68II=:7JH>C:HHDE:G6I>DC6AAN	HIG6I:<>86AAN	DG;>C6C8>6AAN
$EB9>F5CD=5>DC1>4
?B69>1>39>7C9>35BD19>D1H14F1>D1754@B?:53DC=1I>?D75>5B1D5B5DEB>C1C1>D939@1D541>4=1I
81F5 1> 14F5BC5 9=@13D ?> ?EB 69>1>391< B5CECK:HI 6C9DG ;>C6C8: 8:GI6>C I6M
69K6CI6<:9 EGD?:8IH EGDBDI>C<
6;;DG967A:=DJH>C<	8DBBJC>ING:9:K:ADEB:CI6C9G:C:L67A::C:GCK:HIB:CIH>CI=:H:EGD?:8IH6G:9:H>B6G>ANI=GDJ<=I=:G:6A>O6I>DCD;;:9:G6A6C9HI6I:>C8DB:I6M8G:9>IH	6C9DI=:GI6M7:C:;>IH	DK:GHE:8>;>:9
I>B:E:G>D9H0:6G:HJ7?:8IIDI=:G>H@I=6IEG:K>DJHANG:8DG9:9I6M8G:9>IHL>AACDI7:67A:ID7:;JAANG:6A>O:9,J8=8G:9>IH6G:
HJ7?:8IIDG:86EIJG:7NI6M>C<6JI=DG>I>:H76H:9DC8DBEA>6C8:;:6IJG:HG:FJ>G:9ID7:B:I6II=:EGD?:8IA:K:AL=>8=B6NCDI7:
B:I-=:EDHH>7A:>C67>A>INIDG:6A>O:I=:H:I6M8G:9>IH6C9DI=:GI6M7:C:;>IH86C=6K:6C:<6I>K:>BE68IDCDJG;>C6C8>6AG:HJAIH
-=:G>H@D;CDI7:>C<67A:IDG:6A>O:I=:I6M8G:9>IH6C9DI=:GI6M7:C:;>IH9:E:C9HDCB6CN;68IDGHDJIH>9:D;DJG8DCIGDA	
>C8AJ9>C<8=6C<:H>CI=:6EEA>867A:I6M8D9:6C9I=:67>A>IND;I=:EGD?:8IHID7:8DBEA:I:96C9EGDE:GANB6C6<:9
(E2CD1>D91<?G>5BC89@3?>35>DB1D9?>T(JG9>G:8IDGH	:M:8JI>K:D;;>8:GH6C9HI,DJG8:6C@	6HIGJHI::	8DAA:8I>K:AN=DA96
H>;>86CIDLC:GH=>E8DC8:CIG6I>DCD;DJG8DBBDCH=6G:HJ:IDI=>HH>;>86CIA:K:AD;DLC:GH=>E6BDC<DJG6;;>A>6I:H	DJG
9>G:8IDGH	:M:8JI>K:D;;>8:GH	6C9HI,DJG8:6C@	6HIGJHI::	B6N7:67A:ID>C;AJ:C8:I=:DJI8DB:D;9>G:8IDG:A:8I>DCHDG
>BE68IH>;>86CIIG6CH68I>DCH	HJ8=6HB:G<:GHDG68FJ>H>I>DCH	DG6CNDI=:GB6II:GI=6IB><=IDI=:GL>H:7:;6KDG:97NDI=:G
H=6G:=DA9:GH
'5@ED1D9?>1<'9C;C
?=@5D9D9?>6B?=?D85B69>1>391<C5BF935C@B?F945BC3?E<414F5BC5CT-=:76C@>C<6C9
;>C6C8>6A H:GK>8:H 7JH>C:HH >H =><=AN 8DBE:I>I>K: 0: ;68: 8DBE:I>I>DC >C B6@>C< AD6CH 6C9 A:6H:H	 6IIG68I>C< 9:EDH>IH 6C9
EGDK>9>C<>CHJG6C8:	>CK:HIB:CI	IGJHI6C9L:6AI=69K>HDGN	6C9DI=:G;>C6C8>6AH:GK>8:H"C8G:6H:98DBE:I>I>DC>CI=:76C@>C<
6C9;>C6C8>6AH:GK>8:H7JH>C:HH:HB6NG:9J8:DJGB6G@:IH=6G:	>BE6>GDJG8:HL:8=6G<:;DGDJGH:GK>8:H
ID 9:8A>C: (JG G:HJAIH D; DE:G6I>DCH B6N 7: 69K:GH:AN >BE68I:9 >C ;JIJG: E:G>D9H 9:E:C9>C< JEDC I=: A:K:A 6C9 C6IJG: D;
8DBE:I>I>DCL::C8DJCI:G>CDJGK6G>DJHB6G@:I6G:6H
"1>179>7B5@ED1D9?>1<B9C;9C9=@?BD1>DD?1DDB13D9>71>4=19>D19>9>73ECD?=5BC9>F5CD?BC1>45=@DC 86C 8DB: ;GDB B6CN HDJG8:H	 >C8AJ9>C< 69K:GH: H:CI>B:CI 67DJI ;>C6C8>6A >CHI>IJI>DCH <:C:G6AAN	 JC:I=>86A
EG68I>8:H	:BEADN::B>H8DC9J8I	;6>AJG:ID9:A>K:GB>C>BJBHI6C96G9HD;H:GK>8:DGFJ6A>IN	96I6H:8JG>IN;6>AJG:H	8DBEA>6C8:
9:;>8>:C8>:H	6C9FJ:HI>DC67A:DG;G6J9JA:CI68I>K>I>:HD;DJG8JHIDB:GH0:=6K:EDA>8>:H6C9EGD8:9JG:H>CEA68:I=6IH::@ID
EGDI:8I DJG G:EJI6I>DC 6C9 EGDBDI: :I=>86A 8DC9J8I 'DC:I=:A:HH	 C:<6I>K: EJ7A>8>IN B6N 6G>H: G:<6G9>C< DJG 7JH>C:HH	
:BEADN::H	 DG 8JHIDB:GH	 L>I= DG L>I=DJI B:G>I	 6C9 8DJA9 G:HJAI >C I=: ADHH D; 8JHIDB:GH	 >CK:HIDGH	 DG :BEADN::H	 8DHIAN
A>I><6I>DC	69:8A>C:>CG:K:CJ:H	>C8G:6H:9DC	6C98DJA969K:GH:AN6;;:8II=:IG69>C<EG>8:D;DJGH=6G:H
D5=	*>B5C?DC	
'DC:
D5=	I25BC53EB9DI	
$-%(" ' (.(.,. "3
(JGD6G9D;>G:8IDGH=6H9:A:<6I:9EG>B6GNG:HEDCH>7>A>IN;DGDK:GH><=ID;8N7:GH:8JG>ING>H@B6C6<:B:CIIDI=:><>I6A6C9
-:8=CDADII::D;I=:D6G9-=:DBB>II::G:8:>K:HFJ6GI:GANG:EDGIH;GDBI=:=>:;"C;DGB6I>DC,:8JG>IN(;;>8:G
",(6C9I=:=>:;"C;DGB6I>DC(;;>8:G"(	G:HE:8I>K:AN	6C9G:K>:LHI=:BL>I=HJ8=D;;>8:GH-=:H:G:EDGIH6G:B69:
6K6>A67A:ID6AA7D6G9B:B7:GH
"C 699>I>DC	 DJG =>:; +>H@ (;;>8:G +( EGDK>9:H 6 FJ6GI:GAN G:EDGI ID I=: ;JAA D6G9 I=6I 8DK:GH B6I:G>6A G>H@H ID I=:
DG<6C>O6I>DC6C98N7:GH:8JG>IN6C9DI=:G>C;DGB6I>DCH:8JG>ING>H@H6G:6BDC<I=:DG<6C>O6I>DCXHB6I:G>6AG>H@H,J8=G:EDGIH
>C8AJ9:B6C6<:B:CIXHJE96I:HDCI=:>C=:G:CIG>H@A:K:AD;8N7:GH:8JG>IN6C9DI=:G>C;DGB6I>DCH:8JG>ING>H@H6C9I=:HIG:CI><6I:I=DH:G>H@H

Q
,+

DGB
$

(JG EGD8:HH:H ;DG 6HH:HH>C<	 >9:CI>;N>C<	 6C9 B6C6<>C< B6I:G>6A G>H@H ;GDB 8N7:GH:8JG>IN I=G:6IH 6G: 76H:9 DC :M6B>C6I>DC
96C8:EJ7A>H=:97NI=::9:G6A>C6C8>6A"CHI>IJI>DCM6B>C6I>DCDJC8>A"	6C>CI:G6<:C8N7D9N:HI67A>H=:9JC9:G
I=: >C6C8>6A "CHI>IJI>DCH +:HI:CI L>I= " 96C8:	 HI ,DJG8:
H:A:8I:96C969=:G:HIDI=:G>H@B6C6<:B:CI;G6B:LDG@:HI67A>H=:97NI=:N7:GH:8JG>IN+>H@"CHI>IJI:@CDLC6HI=:U+"
)GD;>A:V -=: +" )GD;>A: >H 76H:9 EG>B6G>AN DC I=: L:AA
@CDLC '6I>DC6A "CHI>IJI: D; ,I6C96G9H 6C9 -:8=CDADC<G>I>86A"C;G6HIGJ8IJG:N7:GH:8JG>INV6C9>HI6>ADG:9ID:CHJG::ME:8I6I>DCHD;;>C6C8>6A>CHI>IJI>DC
G:A: ;JC8I>DCH S 9:CI>;>86I>DC	9:I:8I>DC	EGDI:8I>DC	G:HEDCH:	G:8DK:GN	6C9HJEEAN8=6>C9:E:C9:C8NB6C6<:B:CI"C699>I>DC	L:69=:G:ID
H:8JG>INHI6C96G9HH:I7NI=:)",:8JG>IN,I6C96G9HDJC8>AL=>8=6G:9:H>H@H ;GDB 8N7:GH:8JG>IN I=G:6IH	 >C8AJ9>C< G>H@H >9:CI>;>:9 ;GDB EG:K>DJH 8N7:GH:8JG>IN >C8>9:CIH	 =6K: G:FJ>G:9 H>;>86CI
>CK:HIB:CIHDK:GI>B:>CB6IJG>C<DJG"C;DGB6I>DC,:8JG>IN)GDC<6C9G:I6>C>C<I=:E:GHDCC:AL>I=G:FJ>H>I:
:ME:G>:C8:6C9:ME:GI>H:"CE6GI>8JA6G	I=:",(=6HHJ7HI6CI>6AG:A:K6CI:ME:GI>H:>CI=:;>C6C8>6AH:GK>8:H>C9JHIGN6C9;DGB6A
IG6>C>C<>CI=:6G:6HD;>C;DGB6I>DCH:8JG>IN6C98N7:GH:8JG>ING>H@B6C6<:B:CI0:L>AAC::9ID8DCI>CJ:IDB6@:B:6C>C<;JA
>CK:HIB:CIH >C 8N7:GH:8JG>IN 8DCIGDAH ;DG 8DCI>CJDJH >BEGDK:B:CI 6C9 B6IJG6I>DC >C G:HEDCH: ID 8DCHI6CIAN :KDAK>C<
8N7:GH:8JG>INI=G:6IHN7:GH:8JG>INI=G:6IHL>AA8DCI>CJ:ID7::C9:B>8IDI=:;>C6C8>6AH:GK>8:H>C9JHIGN;DGI=:;DG:H::67A:
;JIJG:
)0 ,(( 
(JGD6G96C9H:C>DGB6C6<:B:CIDK:GH::DJGEGD8:HH:H;DGB6C6<:B:CID;8N7:GH:8JG>ING>H@H8DCH>HI:CIL>I=I=:;DG:C<
HI6C96G9HHCDI:967DK:	HJ8=DK:GH><=I>C8AJ9:HG:C<7NB6C6<:B:CIIDI=:D6G9DCI=:69:FJ68ND;HJ8=
EGD8:HH:H6C9EDI:CI>6AB6I:G>6A>HHJ:H>9:CI>;>:9:;DG::H86A6I>DCIDI=:D6G9	>HHJ:H6G:<:C:G6AAN>9:CI>;>:96C96HH:HH:9
I=GDJ<= DJG G>H@ H=:9 JC9:G DJG CI:GEG>H: +>H@ &6C6<:B:CI )GDH@ C8AJ9:HI=G::9>HI>C8I8DBEDC:CIHB6C6<:B:CIDK:GH><=I	I=>G9
E6GINEGD;:HH>DC6A6HH:HHB:CI	6C9H:E6G6I:DK:GH><=I
6C9G:K>:L7NDJG"CI:GC6AJ9>I:E6GIB:CI&6C6<:B:CIDK:GH><=I>HB6>CI6>C:9I=GDJ<=H:K:G6A8DBB>II::HI=6IH:GK:6H
;DGJBH;DG;JGI=:G6HH:HHB:CI	G:B:9>6I>DC	6C9:H86A6I>DC-=:H:B6C6<:B:CIDK:GH><=I8DBB>II::H>C8AJ9:I=:"C;DGB6I>DC
,:8JG>INDBB>II::	8D
8=6>G:97NI=:",(6C9+(	I=:(E:G6I>DC6A6C9DBEA>6C8:+>H@DBB>II::	8=6>G:97NI=:=>:;
(E:G6I>C<(;;>8:G((6C9K>8:8=6>G:97NI=:=>:;DBEA>6C8:(;;>8:G	I=:"-,I::G>C<DBB>II::	8=6>G:97NI=:=>:;
"C;DGB6I>DC(;;>8:G"(	I=:CI:GEG>H:+>H@&6C6<:B:CIDBB>II::	8=6>G:97NI=:+(	I=:6I6 DK:GC6C8:DBB>II::	
8=6>G:97NI=:"(	6C9I=::M:8JI>K:B6C6<:B:CI8DBB>II::@CDLC6HI=:,IG6I:<>8:EADNB:CIDBB>II::	8=6>G:97NI=:
=>:;M:8JI>K:(;;>8:G(
0: G:G9
E6GIN 6HH:HHDGH	 8DCHJAI6CIH	 6C9 6J9>IDGH ID I:HI 6C9 :K6AJ6I: DJG 8DCIGDAH ;DG B6C6<>C<
8N7:GH:8JG>IN I=G:6IH -=:H: >C8AJ9: I=>G9
E6GIN :C<6<:B:CIH 7N B6C6<:B:CI 6C9 7N DJG "CI:GC6A J9>I :E6GIB:CI ;DG >
G:DC I:HI>C< D; DJG 8N7:G 9:;:CH:H	 >C8AJ9>C< 6C 6CCJ6A )"
8:GI>;>:9 E:C:IG6I>DC I:HI	 >> I=>G9
E6GIN U=:6AI=
8=:8@HVDCHJEEDGI>C< I:8=CDADC8AJ9>C< DJGH:8JG>IN>C8>9:CI 6C9 :K:CI B6C6<:B:CI HNHI:B ,"& 6C9 KJAC:G67>A>IN
B6C6<:B:CIEGD>>I=>G9
E6GINHD8>6A:C<>C::G>C<I:HIHD;I=::;;:8I>K:C:HHD;DJG:BEADN::IG6>C>C<;DG9:I:8I>DCD;
>CK6H>K: 6II:BEIH 7N B6A:KDA:CI 68IDGH "C 699>I>DC	 I=: :9:G6A +:H:GK: 6C9 " :M6B>C: DJG 8DCIGDA :CK>GDCB:CI ;DG
B6C6<>C<8N7:GH:8JG>ING>H@H:68=N:6G
(JGG>H@C8AJ9:H6-=>G9
)6GIN+>H@&6C6<:B:CI)GDI=;>GHI
A:K:ADK:GH><=I7NB6C6<:B:CIXH
-=>G9
)6GIN+>H@&6C6<:B:CIDBB>II::6C98DC;DGBHID76C@G:96C8:-=>HEGDC8AJ9:H9J:9>A><:C8:6C9
E:G>D9>8BDC>IDG>C<D;I=:>C;DGB6I>DCH:8JG>IN8DCIGDAHHJ8=EGDK>9:GH=6K:>CEA68:IDEGDI:8IDJG8DC;>9:CI>6A96I6G:8:>K:9	
EGD8:HH:96C9DGHIDG:97NHJ8=EGDK>9:GH
$-%-!,)'3 ,- /,$.3($ (.-
0:=6K:CDI:C8DJCI:G:9	IDDJG@CDLA:9<:	68N7:GH:8JG>IN>C8>9:CII=6I=6HB6I:G>6AAN>BE6>G:9	DG>HG:6HDC67ANA>@:ANID
B6I:G>6AAN>BE6>G	DJG7JH>C:HHHIG6I:DCH	DG;>C6C8>6A8DC9>I>DC-=:B:6HJG:HHJBB6G>O:967DK:6G:>CI:C9:9ID
=:AE:CHJG:I=6IHI,DJG8:9D:HCDIHJ;;:G6B6I:G>6A69K:GH:>BE68I;GDBH:8JG>IN7G:68=:H	7JI	6H8N7:GH:8JG>ING>H@H:KDAK:
6C9>C8G:6H:>CHDE=>HI>86I>DC	L:86CEGDK>9:CD6HHJG6C8:I=6IDJG;>C6C8>6A8DC9>I>DCDGG:HJAIHD;DE:G6I>DCHL>AACDI7:
69K:GH:AN>BE68I:9,::U"I:B+>H@68IDGH
(E:G6I>DC6A+>H@H
-:8=CDADING:68=:HV
D5=
	%B?@5BD95C	
(JG=:69FJ6GI:GH7J>A9>C<>HAD86I:9>C9DLCIDLC,DJI=:C9	"C9>6C6-=:7J>A9>C<>HE6GID;6A6G<:G8DBEA:M	>C8AJ9>C<6


GDDB=DI:A6C96

86GE6G@>C<<6G6<:(JGA:6H:DCI=>HEGDE:GINGJCHI=GDJ<=:8:B7:G
;DGI=:I=;ADDG6C9
,:EI:B7:G
;DG6AAG:B6>C>C<;ADDGHHD;:8:B7:G	
	HI,DJG8:A:6H:H6EEGDM>B6I:AND;I=:D;;>8:HE68:>C
I=>H8DBEA:M

Q
,+

DGB
$

I:8:B7:G	
	L:DLC:9DGA:6H:9EGDE:GI>:HL=:G:DJG76C@>C<8:CI:GHL:G:AD86I:9(JG;68>A>I>:H6G:AD86I:9>C
AA:C	 :$6A7	 A@=6GI	 JAIDC	 !6B>AIDC	 !JCI>CJH@D	 %6)DGI:	 &6GH=6AA	 )DGI:G	 )JA6H@>	 ,I #DH:E=	 ,I6G@:	
->EE:86CD:	 0:AAH	 6C9 0=>IA:N DJCI>:H >C I=: ,I6I: D; "C9>6C6	 :GG>:C	 6HH	 6C9 $6A6B6ODD DJCI>:H >C I=: ,I6I: D;
&>8=><6C	6C9,6G6HDI6DJCIN>CI=:HI6I:D;ADG>96HI,DJG8:6C@6AHDDLCH6EEGDM>B6I:AN68G:H>C,I#DH:E=DJCIN
L=>8=L:G:6EEGDK:97NI=:D6G9;DG9:K:ADEB:CI6C98DCHIGJ8I>DCD;6CDE:G6I>DCH6C9IG6>C>C<;68>A>INJG>C<
L:
HDA9 6EEGDM>B6I:AN H:K:C 68G:H D; A6C9 I=6I L6H CDI E6GI D; I=:  68G:H 6EEGDK:9 7N I=: D6G9 ;DG 9:K:ADEB:CI 6C9
8DCHIGJ8I>DC0:6CI>8>E6I:BDK>C<;DGL6G9L>I=8DCHIGJ8I>DC>CI=:8DB>C<N:6GHHJ7?:8IIDG:8:>K>C<6EEGDEG>6I:6O6I>DCH ;GDB AD86A 8>IN 6C9 8DJCIN 7J>A9>C< 6C9 :8DCDB>8 9:K:ADEB:CI 6JI=DG>I>:H 6H L:AA 6H B6G@:I
8DC9>I>DCH>C8AJ9>C<>C;A6I>DCA:K:AH6C9;>C6C8>C<8DHIH99>I>DC6AAN	L:JI>A>O:6CDE:G6I>DCH8:CI:G;DG7JH>C:HHDE:G6I>DCH
-=:6C@A:6H:H699>I>DC6AEGDE:GI>:HID6C9;GDBI=>G9E6GI>:HJC9:G6GBH
A:C7C	
HI,DJG8:6C9>IHHJ7H>9>6G>:H6G:>CKDAK:9>CK6G>DJHA:<6AEGD8::9>CC=:G:CIG>H@HD;	DG>C8>9:CI6AID	I=:8DC9J8I
D;DJG7JH>C:HH:H&6C6<:B:CI9D:HCDI:ME:8II=:DJI8DB:D;6CNHJ8=EGD8::9>CAA=6K:6B6I:G>6A69K:GH::;;:8IDCDJG
8DCHDA>96I:9;>C6C8>6AEDH>I>DCDGG:HJAIHD;DE:G6I>DCH
D5=	"9>5(165DI9C3DLC?==?>AE9DI'5<1D54(D?3;8?<45B"1DD5BC1>4CCE5B%EB381C5C?6AE9DI
(53EB9D95C	
(JG8DBBDCHID8@>HIG69:9DCI=:',* AD76A,:A:8I&6G@:IJC9:GI=:HNB7DAU,+VHD;:7GJ6GN	
	I=:G:
L:G:	=DA9:GHD;G:8DG9D;HI,DJG8:8DBBDCHID8@
?=@1B9C?>?69F5.51BE=E<1D9F5)?D1<'5DEB>
BDC<HI,DJG8:	&DGC>C<=I:9',*"C9:M6C9)::G GDJE"C9:M
HHJB:H

>CK:HI:9DC:8:B7:G	

	>CHI,DJG8:DGEDG6I>DC8DBBDCHID8@	',*B6G@:I>C9:M	6C9E::GC9:M
-=:&DGC>C<=I:9',*"C9:M+:IJGC>H86A8JA6I:9JH>C<6AA8DBE6C>:HL=>8=IG69:6H',6E>I6A&6G@:IH	', AD76A&6G@:IHDG
', AD76A,:A:8I"I>C8AJ9:H7DI=9DB:HI>86C9;DG:>:H-=:>C9:M>HL:><=I:97NI=:I=:C8JGG:CIH=6G:HDJIHI6C9>C<6C96HHJB:H9>K>9:C9H
G:>CK:HI:9-=:G:IJGC>H86A8JA6I:9DC6BDCI=AN76H>H
-=:E::GH6B6G@:I
86E>I6A>O6I>DC
L:><=I:9HID8@>C9:MD;I=:EJ7A>8AN
IG69:976C@>C<8DBE6C>:H=:69FJ6GI:G:9>C"AA>CD>H	"C9>6C6	&>8=><6C	
(=>D	6C90>H8DCH>C
'(--DI6AG:IJGC6HHJB:HG:>CK:HIB:CID;9>K>9:C9H

Q
,+

DGB
$

-=:;DAADL>C<I67A:H=DLHDJGH=6G:G:EJG8=6H:68I>K>IN9JG>C<I=:I=G::BDCI=H:C9:9:8:B7:G	

%5B9?4
)?D1<#E=25B?6
(81B5C%EB381C54
F5B175%B935
%194%5B(81B5
)?D1<#E=25B?6
(81B5C%EB381C541C
%1BD?6%E2<93>?E>354
%<1>C?B%B?7B1=C
"1H9=E=#E=25B?B@@B?H9=1D5
?<<1B+145B
D85%<1>C?B%B?7B1=C
(8ID7:G

	


	




	


	


'DK:B7:G


	


	




	


	
:8:B7:G

	


T

T

T

	
HI,DJG8:B6>CI6>CH6HID8@G:EJG8=6H:EA6CI=6IL6H6JI=DG>O:97NI=:D6G9D;>G:8IDGHDC(8ID7:G	
.C9:GI=:I:GBHD;I=:EA6C	HI,DJG8:B6N
G:EJG8=6H:JEID	


	


H=6G:HD;>IH8DBBDCHID8@;GDBI>B:IDI>B:IDB>I><6I:I=:EDI:CI>6A9>AJI>K::;;:8IHD;HID8@
76H:9>C8:CI>K:EA6CH6C9DI=:G
EDI:CI>6AJH:HD;8DBBDCHID8@;DG8DGEDG6I:EJGEDH:H,>C8:I=:>C8:EI>DCD;I=:EA6C	HI,DJG8:=6HG:EJG8=6H:96IDI6AD;	
H=6G:H
)6NB:CI D; 9>K>9:C9H 7N HI ,DJG8: >H 9>H8JHH:9 JC9:G )6GI ""	 "I:B  &6C6<:B:CIXH >H8JHH>DC 6C9 C6ANH>H D; >C6C8>6A DC9>I>DC 6C9 +:HJAIH D;
(E:G6I>DCH	6GC>CDCH8DCI6>CG:HIG>8I>DCHDCI=:67>A>IND;HI,DJG8:6C9I=:6C@IDE6N9>K>9:C9HDG>C;DGB6I>DC
G:<6G9>C< G:HIG>8I>DCH DC 9>K>9:C9H	 H:: )6GI "	 "I:B 	 JH>C:HH 
 +:DC 6C9 ,JE:GK>H>DC 
 >K>9:C9H 6C9 )6GI ""	 "I:B 	 >C6C8>6A ,I6I:B:CIH 6C9
,JEEA:B:CI6GN6I6
'DI:
D;I=:'DI:HIDDCHDA>96I:9>C6C8>6A,I6I:B:CIH
D5=	/'5C5BF540
D5=	"1>175=5>DLC9C3ECC9?>1>4>11>391<?>49D9?>1>4'5CEC	
-=>H6C6ANH>H>H>CI:C9:9ID6HH>HINDJ>CJC9:GHI6C9>C<DJGG:HJAIHD;DE:G6I>DCH;DG:68=D;I=:E6HII=G::N:6GH6C9;>C6C8>6A
8DC9>I>DC;DG:68=D;I=:E6HIILDN:6GH
(+0+
%(($"' ,--&'-,
-=>H G:EDGI	 >C8AJ9>C< &6C6<:B:CIXH >H8JHH>DC 6C9 C6ANH>H D; >C6C8>6A DC9>I>DC 6C9 +:HJAIH D; (E:G6I>DCH	 8DCI6>CH
;DGL6G9
ADD@>C<HI6I:B:CIHDGL6G9
ADD@>C<HI6I:B:CIH>C8AJ9:HI6I:B:CIHL>I=G:HE:8IIDDJG7:A>:;H	EA6CH	D7?:8I>K:H	DCH	6CI>8>E6I>DCH	6HHJBEI>DCH	:HI>B6I:H	>CI:CI>DCH	6C9;JIJG:E:G;DGB6C8:	6C9>CKDAK:@CDLC6C9JC@CDLCG>H@H	
JC8:GI6>CI>:H 6C9 DI=:G ;68IDGH	 L=>8= B6N 7: 7:NDC9 DJG 8DCIGDA	 6C9 L=>8= B6N 86JH: 68IJ6A G:HJAIH	 E:G;DGB6C8: DG
68=>:K:B:CIHID7:B6I:G>6AAN9>;;:G:CI;GDB;JIJG:G:HJAIH	E:G;DGB6C8:DG68=>:K:B:CIH:MEG:HH:9DG>BEA>:97NHJ8=;DGL6G9
ADD@>C<HI6I:B:CIH
AAHI6I:B:CIHDI=:GI=6CHI6I:B:CIHD;=>HIDG>86A;68I6G:HI6I:B:CIHI=6I8DJA97:;DGL6G9
ADD@>C<HI6I:B:CIH0DG9HHJ8=6H
U7:A>:K:	V U8DCI:BEA6I:	V UH::@	V U:HI>B6I:	V UEA6C	V UEGD?:8I	V U6CI>8>E6I:	V UEDHH>7A:	V U6HHJB:	V U:ME:8I	V U>CI:C9	V
UI6G<:I:9	VU8DCI>CJ:	VUG:B6>C	VUL>AA	VUH=DJA9	VU>C9>86I:	VULDJA9	VUB6NV6C9DI=:GH>B>A6G:MEG:HH>DCH6G:>CI:C9:9ID
>9:CI>;N;DGL6G9
ADD@>C<HI6I:B:CIH7JI6G:CDII=::M8AJH>K:B:6CHD;>9:CI>;N>C<HJ8=HI6I:B:CIHDGL6G9
ADD@>C<HI6I:B:CIH
EGDK>9:8JGG:CI:ME:8I6I>DCHDG;DG:86HIHD;;JIJG::K:CIH6C96G:CDI:9JEDC6HG:EG:H:CI>C<B6C6<:B:CIXHK>:LH6HD;6CNHJ7H:FJ:CI96I:
AALG>II:CDGDG6A;DGL6G9
ADD@>C<HI6I:B:CIHI=6I6G:B69:7NDG6IIG>7JI67A:IDJH6G::MEG:HHANFJ6A>;>:9>CI=:>G:CI>G:IN7N
I=>H86JI>DC6GNCDI>8:0:=6K:CDD7A><6I>DC	6C99DCDIJC9:GI6@:	IDJE96I:	G:K>H:	DG8DGG:8I6CND;I=:;DGL6G9
ADD@>C<
HI6I:B:CIH6;I:GI=:96I:D;I=>HG:EDGI	DG6;I:GI=:G:HE:8I>K:96I:HDCL=>8=HJ8=HI6I:B:CIHDI=:GL>H:6G:B69:0:=6K:
:MEG:HH:9DJG:ME:8I6I>DCH	7:A>:;H	6C9EGD?:8I>DCH>CI=6C9L:7:A>:K:I=:N=6K:6G:6HDC67A:76H>H!DL:K:G	L:
B6@:CD6HHJG6C8:HI=6IDJG:ME:8I6I>DCH	7:A>:;H	DGEGD?:8I>DCHL>AA7:68=>:K:9DG688DBEA>H=:9-=:G:HJAIHDGDJI8DB:H
>C9>86I:97NDJG;DGL6G9
ADD@>C<HI6I:B:CIHB6NCDI7:G:6A>O:99J:ID6K6G>:IND;;68IDGH	>C8AJ9>C<	L>I=DJIA>B>I6I>DC	I=:
;DAADL>C<
Q
%D86A	G:<>DC6A	C6I>DC6A	6C9>CI:GC6I>DC6A:8DCDB>88DC9>I>DCH6C9I=:>BE68II=:NB6N=6K:DCJH6C9DJG8A>:CIH6C9
DJG6HH:HHB:CID;I=6I>BE68I
Q
=6C<:H>CI=:A:K:AD;CDCE:G;DGB>C<6HH:IH6C98=6G<:
D;;H
Q
=6C<:H >C :HI>B6I:H D; ;JIJG: 86H= G:H:GK: G:FJ>G:B:CIH 76H:9 JEDC I=: E:G>D9>8 G:K>:L I=:G:D; JC9:G G:A:K6CI
G:C<G:FJ>G:B:CIH
Q
-=::;;:8IHD;6C98=6C<:H>CIG69:6C9BDC:I6GN6C9;>H86AEDA>8>:H6C9A6LH	>C8AJ9>C<I=:>CI:G:HIG6I:EDA>8>:HD;I=:
:9:G6A+:H:GK:D6G9
Q
"C;A6I>DC	>CI:G:HIG6I:	H:8JG>I>:HB6G@:I	6C9BDC:I6GN;AJ8IJ6I>DCH	>C8AJ9>C<HJ7HI6CI>6A8=6C<:H>CI=:8DHID;;J:A
Q
)DA>I>86A>CHI67>A>IN	68IHD;L6GDGI:GGDG>HB	DG8N7:GH:8JG>INI=G:6IH
Q
-=:HEG:69D;>C;:8I>DJH9>H:6H:HDGE6C9:B>8H
Q
-=:I>B:AN9:K:ADEB:CI6C9688:EI6C8:D;C:LEGD9J8IH6C9H:GK>8:H6C9E:G8:>K:9DK:G6AAK6AJ:D;I=:H:EGD9J8IH6C9
H:GK>8:H7NDI=:GH
Q
=6C<:H>C8DCHJB:GHE:C9>C<	7DGGDL>CCIH
Q
=6C<:H>CI=:;>C6C8>6AE:G;DGB6C8:6C9DG8DC9>I>DCD;DJG7DGGDL:GH
Q
-:8=CDAD<>86A8=6C<:H

Q
,+

DGB
$

Q
-=:>BE68ID;8A>B6I:8=6C<:
Q
8FJ>H>I>DCH6C9>CI:DCD;68FJ>G:97JH>C:HH:H
Q
-=:67>A>INID>C8G:6H:B6G@:IH=6G:6C98DCIGDA:ME:CH:H
Q
-=:67>A>INID:ME6C9:;;:8I>K:AN>CIDC:LB6G@:IHI=6IL:I6G<:I
Q
=6C<:H>CI=:8DBE:I>I>K::CK>GDCB:CI
Q
-=::;;:8ID;8=6C<:H>CA6LH6C9G:DCH>C8AJ9>C<A6LH6C9G:DCH8DC8:GC>C<I6M:H	76C@>C<	H:8JG>I>:H	
>CHJG6C8:	6C98A>B6I:8=6C<:L>I=L=>8=L:6C9DJGHJ7H>9>6G>:HBJHI8DBEAN
Q
-=: :;;:8I D; 8=6C<:H >C 688DJCI>C< EDA>8>:H 6C9 EG68I>8:H 6C9 6J9>I>C< G:FJ>G:B:CIH	 6H B6N 7: 69DEI:9 7N I=:
G::H	6HL:AA6HI=:)J7A>8DBE6CN88DJCI>C<(K:GH><=ID6G9	I=:>C6C8>6A88DJCI>C<,I6C96G9H
D6G9	6C9DI=:G688DJCI>C<HI6C96G9H:II:GH
Q
=6C<:H>CDJGDG<6C>O6I>DC	8DBE:CH6I>DC	6C97:C:;>IEA6CH
Q
-=:8DHIH6C9:;;:8IHD;A:<6A6C9G:C8AJ9>C<I=:G:HDAJI>DCD;A:<6AEGD8::9>CCFJ>G:H6C9I=:G:HJAIHD;G:C6I>DCHDGG:K>:LH
Q
 G:6I:GI=6C:ME:8I:98DHIHDG9>;;>8JAI>:HG:A6I:9IDI=:>CI:DCD;C:LEGD9J8IH6C9A>C:HD;7JH>C:HH
Q
(JGHJ88:HH6IB6C6<>C<I=:G>H@H9:H8G>7:9>C"I:B+>H@68IDGH
))%"-"('(+"-"%(.'-"' )(%"",',-"&-,
(JG8DCHDA>96I:9;>C6C8>6AHI6I:B:CIH6G:EG:E6G:9>C688DG96C8:L>I=.,<:C:G6AAN688:EI:9688DJCI>C<EG>C8>EA:H )
6C9;DAADL<:C:G6AEG68I>8:HL>I=>CI=:>C9JHIG>:H>CL=>8=L:DE:G6I:EEA>86I>DCD;I=:H:EG>C8>EA:HG:FJ>G:HB6C6<:B:CIID
B6@: :HI>B6I:H DG ?J9C I=: ;>C6C8>6A HI6I:B:CIH 6C9 688DBE6CN>C< CDI:H -=:H:
:HI>B6I:HDG?J9:LD;I=:BDHI6EEGDEG>6I:B6CC:G>CL=>8=IDG:8DG96C9G:EDGIDJGDK:G6AA
;>C6C8>6AE:G;DGB6C8::86JH:I=:H::HI>B6I:HDG?J9G8JBHI6C8:H	I=:NB6N8=6C<:DK:GI>B:DG
EGDK:ID7:>C688JG6I:76H:9DC68IJ6A:ME:G>:C8:HHJ8=	8=6C<:H>CI=:H::HI>B6I:H	?J9DCHB6N
=6K: 6 H>;>86CI >BE68I DC DJG ;>C6C8>6A HI6I:B:CIH AA 688DJCI>C< EDA>8>:H 6G: >BEDGI6CI	 6C9 6AA EDA>8>:H 9:H8G>7:9 >C
)6GI""	"I:B	>C6C8>6A,I6I:B:CIH6C9,JEEA:B:CI6GN6I6S'DI:D;I=:'DI:HIDDCHDA>96I:9>C6C8>6A,I6I:B:CIH'DI:
	H=DJA97:G:K>:L:9;DG6C<D;=DLDJG;>C6C8>6AE:G;DGB6C8:>HG:8DG9:96C9G:EDGI:9
0:=6K:>9:CI>;>:9I=:;DAADL>C<ILDEDA>8>:H6H7:>C<8G>I>86A7:86JH:I=:NG:FJ>G:B6C6<:B:CIIDB6@:E6GI>8JA6GAN9>;;>8JAI	
HJ7?:8I>K:	6C9DG8DBEA:M:HI>B6I:HDG?J9C=:G:CIANJC8:GI6>C6C97:86JH:D;I=:A>@:A>=DD9I=6I
B6I:G>6AAN9>;;:G:CI6BDJCIHLDJA97:G:EDGI:9JC9:G9>;;:G:CI8DC9>I>DCHDGJH>C<9>;;:G:CI6HHJBEI>DCH-=:H:EDA>8>:HG:A6I:
IDI=:9:I:GB>C6I>DCD;I=:6AADL6C8:;DG8G:9>IADHH:H6C9;6>GK6AJ:B:6HJG:B:CIH&6C6<:B:CI7:A>:K:H>I=6HJH:9I=:7:HI
>C;DGB6I>DC 6K6>A67A: ID B6@: I=: :HI>B6I>DCH DG ?J967>A>I>:H 8IJ6A
E:G;DGB6C8:I=6I9>;;:GH;GDB:HI>B6I:HDG?J9CI=:@:NK6G>67A:H8DJA98=6C<:;JIJG:K6AJ6I>DCH
6C9 >BE68I C:I >C8DB: &6C6<:B:CI =6H G:K>:L:9 I=: 6EEA>86I>DC D; I=:H: EDA>8>:H L>I= I=: J9>I	 >C6C8: 6C9 +>H@
DBB>II::D;I=:D6G9D;>G:8IDGHDAADL>C<>H69>H8JHH>DCD;I=:6G:6HL:K>:L6HDJGBDHI8G>I>86A688DJCI>C<EDA>8>:H
<356?BB549D!?CC5CT-=:6AADL6C8:;DG8G:9>IADHH:HG:EG:H:CIHB6C6<:B:CIXH:HI>B6I:D;:ME:8I:98G:9>IADHH:H
DK:GI=::ME:8I:98DCIG68IJ6AA>;:D;DJG:M>HI>C<AD6C6C9A:6H:EDGI;DA>D6C9I=::HI67A>H=B:CID;6C6AADL6C8:I=6I>HHJ;;>8>:CI
ID67HDG7I=DH:ADHH:H:I:GB>C>C<I=:6EEGDEG>6I:C:HHD;I=:6AADL6C8:>H8DBEA:M6C9G:FJ>G:H?J9C=:G:CIANJC8:GI6>C"C9:I:GB>C>C<6C6EEGDEG>6I:6AADL6C8:	B6C6<:B:CIB6@:HCJB:GDJH
?J9DCH	 6C9 :HI>B6I:H L=>8= 6G: >C=:G:CIAN HJ7?:8I>K:	 6H I=:N G:FJ>G: B6I:G>6A :HI>B6I:H I=6I B6N 7:
HJH8:EI>7A: ID H>;>86CI 8=6C<: -=:H: :HI>B6I:H 6G: 9:G>K:9 76H:9 DC 8DCI>CJDJH G:K>:L D; I=: AD6C 6C9 A:6H: EDGI;DA>D	
6HH:HHB:CIHD;8A>:CIE:G;DGB6C8:	BDK:B:CII=GDJ<=9:A>CFJ:C8NHI6<:H	EGD767>A>IND;9:;6JAI	ADHH:H<>K:C9:;6JAI	8DAA6I:G6A
K6AJ:H	6C99>HEDH>I>DC	6HL:AA6H:ME:8I:986H=;ADLH	:8DCDB>8;DG:86HIH	6C9FJ6A>I6I>K:;68IDGH	HJ8=6H8=6C<:H>C8JGG:CI
:8DCDB>88DC9>I>DCH
HHI6I:9>C'DI:	L:H:DH76H:9DCH>B>A6GG>H@8=6G68I:G>HI>8H;DG8DAA:8I>K::K6AJ6I>DC
JH>C<6CDC
9>H8DJCI:986H=;ADL6EEGD68=ID:HI>B6I::ME:8I:9ADHH:H0:JH:68D=DGI8JBJA6I>K:ADHHB:I=D9DADDC DG DI=:G H:A>IN D; 9:;6JAIADHH <>K:C 9:;6JAI BD9:A L=>8= 6A>I= DJG >CI:GC6A G>H@ G6I>C< HNHI:B 0=:C L: D7H:GK:
A>B>I6I>DCH>CI=:96I6DGBD9:AH	L:JH:BD9:ADK:GA6NHIDB6@:69?JHIB:CIHIDBD9:ADJIEJIHID86EIJG:6E6GI>8JA6GG>H@DG
8DBE:CH6I:;DG6@CDLCA>B>I6I>DC	DG>CI=:86H:D;I=:8D=DGIBD9:A	8=6C<:H>CI=:HI:69NHI6I:6HHJBEI>DCH8IJ6AADHH:H
B6N9>;;:G;GDB:HI>B6I:96BDJCIH9J:IDBD9:A>C:;;>8>:C8>:HDGB6C6<:B:CIXH>C67>A>INID69:FJ6I:AN9:I:GB>C:6EEGDEG>6I:
BD9:A69?JHIB:CI;68IDGH

Q
,+

DGB
$

99>I>DC6AAN	L:6G:G:FJ>G:9IDJH:;DG:86HIH67DJI;JIJG::8DCDB>88DC9>I>DCHID9:I:GB>C:I=::ME:8I:98G:9>IADHH:HDK:GI=:
G:B6>C>C< A>;: D; I=: 6HH:I DG:86HI 69?JHIB:CIH 6G: >C=:G:CIAN 8=6AA:C<>C< ;DG B6CN G:6HDCH >C8AJ9>C<	 I=: 8JGG:CI
B68GD:8DCDB>8 :CK>GDCB:CI	 6 HD;I:C>C< A67DG B6G@:I	 =:><=I:C:9 <:DEDA>I>86A JC8:GI6>CIN	 >C;A6I>DC L=>8= G:B6>CH 67DK:
ADC<
I:GB EDA>8N I6G<:IH	 6C9 >CI:G:HI G6I:H I=6I 6G: HI>AA G:HIG>8I>K: 9:HE>I: G:8:CI :6H>C< 0: :C9:6KDG ID 6EEAN 6 ;DG:86HI
69?JHIB:CII=6I>H9>G:8I>DC6AAN8DCH>HI:CI	G:6HDC67A:	HJEEDGI67A:	6C9G:;A:8I>K:D;8JGG:CI:ME:8I6I>DCH6C98DC9>I>DCH0:
JH: 6 ILD
N:6G G:6HDC67A: 6C9 HJEEDGI67A: E:G>D9 68GDHH 6AA AD6C 6C9 A:6H: H:8 8DC9>I>DCH 0:
7:A>:K:I=:ILD
N:6GI>B:=DG>ODC6A>I=6K6>A67A:>C9JHIGN96C8:6C9K6G>DJH;DG:86HI>C<HDJG8:HDAADL>C<I=>HILD
N:6G;DG:86HI>C<E:G>D9	L:JH:6ILD
N:6GG:K:GH>DCE:G>D9IDG:K:GI;DG:86HIG6I:HID=>HIDG>86AADHHG6I:H
"C6HH:HH>C<I=:;68IDGHJH:9ID9:G>K:6C6EEGDEG>6I:6AADL6C8:	B6C6<:B:CI7:C:;>IH;GDB6A:CO6I>DC6A=>HIDGN6C9
:ME:G>:C8: L>I= 8G:9>I 9:8>H>DCH 6C9 G:A6I:9 DJI8DB:H 0: =6K: 7::C 9>A><:CI >C DJG :;;DGIH ID G:K>:L DJG EDGI;DA>DH	 AD6C
H:DCH	 B:I=D9DAD<>:H 6C9 BD9:AH 6C9 7:A>:K: L: =6K: B69: 6EEGDEG>6I: 6C9 EGJ9:CI 9:8>H>DCH 'DC:I=:A:HH	 >;
B6C6<:B:CIXHJC9:GAN>C<6HHJBEI>DCHEGDK:ID7:>C688JG6I:	I=:6AADL6C8:;DG8G:9>IADHH:HLDJA9=6K:ID7:69?JHI:9(JG
688DJCI>C<EDA>8>:HG:A6I:9IDI=:6AADL6C8:;DG8G:9>IADHH:H>H9>H8ADH:9>C'DI:JC9:GI=:=:69>C<UAADL6C8:;DGG:9>I
%DHH:HV
19B+1DCT0:JH:;6>GK6AJ:B:6HJG:B:CIHIDG:8DG98:GI6>C;>C6C8>6A>CHIGJB:CIH6C9ID9:I:GB>C:;6>G
K6AJ:9>H8ADHJG:HK6>A67A:
;DG
H6A:H:8JG>I>:H	IG69>C<688DJCIH:8JG>I>:H	BDGI<6<:AD6CH=:A9;DGH6A:	6C9>CI:G:HIG6I:HL6E
6C6C8>6A>CHIGJB:CIHG:8DG9:96I;6>GK6AJ:DC6G:8JGG>C<76H>H99>I>DC6AAN	;GDBI>B:IDI>B:	L:B6N7:
G:FJ>G:9 ID G:8DG9 6I ;6>G K6AJ: DI=:G ;>C6C8>6A 6HH:IH DC 6 CDCG:8JGG>C< 76H>H -=:H: CDCG:8JGG>C< ;6>G K6AJ: 69?JHIB:CIH
INE>86AAN>CKDAK:LG>I:
9DLCHD;	DGHE:8>;>8G:H:GK:H6<6>CHI	>C9>K>9J6A6HH:IH ):HI67A>H=:H6I=G::
A:K:A=>:G6G8=N;DG
9>H8ADHJG:D;6HH:IH6C9A>67>A>I>:HG:8DG9:96I;6>GK6AJ:-=:8A6HH>;>86I>DCD;6HH:IH6C9A>67>A>I>:HL>I=>CI=:=>:G6G8=N>H76H:9
DCL=:I=:GI=:>CEJIHIDI=:K6AJ6I>DCB:I=D9DADCI=:B:6HJG:B:CI6G:D7H:GK67A:DGJCD7H:GK67A:(7H:GK67A:>CEJIH
G:;A:8IB6G@:I
9G>K:CDGB6G@:I
76H:9>C;DGB6I>DCD7I6>C:9;GDB>C9:E:C9:CIHDJG8:H	L=>A:JCD7H:GK67A:>CEJIHG:;A:8IDJG
:HI>B6I:H67DJIB6G@:I96I6
-=:9:CKDAK:9>C9:I:GB>C>C<I=:;6>GK6AJ:D;6;>C6C8>6A>CHIGJB:CI>H9:E:C9:CIJEDCI=:
6K6>A67>A>IND;FJDI:9B6G@:IEG>8:HDGD7H:GK67A:B6G@:I96I6DG;>C6C8>6A>CHIGJB:CIHI=6IIG69:68I>K:AN6C9=6K:FJDI:9
B6G@:I EG>8:H DG D7H:GK67A: B6G@:I 96I6	 I=:G: >H B>C>B6A HJ7?:8I>K>IN >CKDAK:9 >C B:6HJG>C< ;6>G K6AJ: 0=:C D7H:GK67A:
B6G@:IEG>8:H6C996I66G:CDI;JAAN6K6>A67A:	B6C6<:B:CI?J9HC:8:HH6GNID:HI>B6I:;6>GK6AJ:"C699>I>DC	8=6C<:H>C
I=:B6G@:I8DC9>I>DCHB6NG:9J8:I=:6K6>A67>A>IND;FJDI:9EG>8:HDGD7H:GK67A:96I6DG:M6BEA:	G:9J8:9A>FJ>9>IN>CI=:
86E>I6A B6G@:IH DG 8=6C<:H >C H:8DC96GN B6G@:I 68I>K>I>:H 8DJA9 G:HJAI >C D7H:GK67A: B6G@:I >CEJIH 7:8DB>C< JC6K6>A67A:
-=:G:;DG:	L=:CB6G@:I96I6>HCDI6K6>A67A:	L:JH:K6AJ6I>DCI:8=C>FJ:HI=6IG:FJ>G:BDG:B6C6<:B:CI?J9B6I:
I=:6EEGDEG>6I:;6>GK6AJ:B:6HJG:B:CI6>GK6AJ:>H9>H8JHH:9;JGI=:G>C'DI:JC9:GI=:=:69>C<U6>G/6AJ:&:6HJG:B:CIHV
6C9>C'DI:	U6>G/6AJ:&:6HJG:B:CIHV
+'"' ,,.&&+2
':I>C8DB:6K6>A67A:ID8DBBDCH=6G:=DA9:GH>C
L6HB>AA>DC	JE;GDBB>AA>DC>C
6C9JE;GDB
B>AA>DC>C
>AJI:9C:I>C8DB:E:G8DBBDCH=6G:L6H>C
	>C
	6C9
>C
+:IJGCDC
6K:G6<: IDI6A 6HH:IH L6H  >C 
 8DBE6G:9 ID  >C 
	 6C9  >C 
 +:IJGC DC 6K:G6<: 8DBBDC
H=6G:=DA9:GHX:FJ>INL6H>C
K:GHJH>C
	6C9>C

':I>C8DB:>C
	6H8DBE6G:9ID
	L6HEDH>I>K:AN>BE68I:97N6B>AA>DCDG>C8G:6H:>CC:I>CI:G:HI
>C8DB:	 L=>8= L6H E6GI>6AAN D;;H:I 7N 6  B>AA>DC DG 
 >C8G:6H: >C CDC>CI:G:HI :ME:CH: ':I >C8DB: >C 
	 6H
8DBE6G:9ID
	L6HEDH>I>K:AN>BE68I:97N6B>AA>DCDG>C8G:6H:>CC:I>CI:G:HI>C8DB:	L=>8=L6HD;;H:I7N6

B>AA>DC>C8G:6H:>CEGDK>H>DC;DG8G:9>IADHH:H	6B>AA>DCDG9:8G:6H:>CCDC>CI:G:HI>C8DB:6C96
B>AA>DCDG
>C8G:6H:>CCDC>CI:G:HI:ME:CH:
>K>9:C9HE6>9DC8DBBDCHID8@>C
6BDJCI:9IDE:GH=6G:	8DBE6G:9ID
E:GH=6G:>C
	6C9
E:G
H=6G:>C
-=:A:K:AD;:6GC>CCK:HI:96C99>K>9:C9E6NDJIH6G:9:I:GB>C:97NI=:D6G9D;>G:8IDGH76H:9DCK6G>DJH
8DCH>9:G6I>DCH	>C8AJ9>C<A>FJ>9>INC::9H	86E>I6AG:FJ>G:B:CIH	6C9B6C6<:B:CIXH6HH:HHB:CID;;JIJG:I>:H
6C9I=:A:K:AD;86E>I6AC:8:HH6GNIDHJEEDGII=:B
#5D>D5B5CD>3?=5T(JGEG>B6GNHDJG8:D;:6GC>CHC:I>CI:G:HI>C8DB:	I=:9>;;:G:C8:7:IL::C>C8DB:DC:6GC>C<6HH:IH
6C9 I=: 8DHI D; ;JC9H HJEEDGI>C< I=DH: 6HH:IH ,>;>86CI 86I::H D; :6GC>C< 6HH:IH 6G: AD6CH 6C9 A:6H:H 6C9 >CK:HIB:CI
H:8JG>I>:H L=>A: 9:EDH>IH 6C9 7DGGDL>CDC D; >CI:G:HI
7:6G>C< A>67>A>I>:H DG EJGEDH:H D; I=:
;DAADL>C<9>H8JHH>DC	8DBE6G>HDCD;C:I>CI:G:HI>C8DB:>H9DC:DC6I6M
:FJ>K6A:CI76H>H	L=>8=EGDK>9:H68DBBDC76H>H;DG
8DBE6G>C<N>:A9HDC:6GC>C<6HH:IH:M:BEI;GDB;:9:G6A>C8DB:I6M:HIDI=DH:L=>8=6G:;JAANI6M67A:

Q
,+

DGB
$

':I>CI:G:HIB6G<>CI=:G6I>DD;C:I>CI:G:HI>C8DB:ID6K:G6<::6GC>C<6HH:IH>HH>;>86CIAN6;;:8I:97NBDK:B:CIH>C>CI:G:HI
G6I:H6C98=6C<:H>CI=:B>MD;:6GC>C<6HH:IH6C9I=:A>67>A>I>:HI=6I;JC9I=DH:6HH:IH':I>CI:G:HIB6G<>CDC6;JAANI6M67A:

:FJ>K6A:CI76H>HL6H
>C
	8DBE6G:9ID>C
6C9>C
':I>CI:G:HI>C8DB:L6HB>AA>DC
;DG 
	 8DBE6G:9 ID 

 B>AA>DC ;DG 
 6C9  B>AA>DC ;DG 
 -6M
:FJ>K6A:CI C:I >CI:G:HI >C8DB: IDI6A:9
B>AA>DC;DG
	JEB>AA>DC;GDBI=:

B>AA>DCG:EDGI:9>C
-6M
:FJ>K6A:CIC:I>CI:G:HI>C8DB:;DG

L6HJE
B>AA>DC;GDBI=:B>AA>DCG:EDGI:9;DG

JG>C<
	6K:G6<::6GC>C<6HH:IH>C8G:6H:9
B>AA>DCDGL=>A:6K:G6<:>CI:G:HI
7:6G>C<A>67>A>I>:H>C8G:6H:9
B>AA>DCDG
DK:GI=:8DBE6G67A:E:G>D9>C
-=:N>:A9DC6K:G6<::6GC>C<6HH:IH>C8G:6H:976H>HED>CIHID

;DG
;GDB;DG
EG>B6G>AN9J:ID=><=:GAD6C6C9A:6H:6K:G6<:76A6C8:H6C9=><=:GG6I:HDC>CK:HIB:CI
H:8JG>I>:HD;;H:I7NADL:GG6I:HDCDI=:G>CK:HIB:CIH	L=>8=>C8AJ9:;:9:G6A;JC9HHDA9	I>B:9:EDH>IHL>I=DI=:G76C@H	:9:G6A
+:H:GK:6C@:M8:HH76A6C8:H	:9:G6A+:H:GK:6C@6C9:9:G6A!DB:%D6C6C@!%HID8@6C98DBB:G8>6AE6E:G-DI6A
8DHID;6K:G6<:>CI:G:HI
7:6G>C<A>67>A>I>:H9:8G:6H:976H>HED>CIHID9JG>C<
;GDB>C
B6>CAN6H6
G:HJAID;G:EG>8>C<D;>CI:G:HI
7:6G>C<9:EDH>IH6C9ADL:GG6I:H6C96K:G6<:76A6C8:HD;DI=:GH=DGI
I:GB7DGGDL>C8=>H
EG>B6G>AN H=DGI
I:GB !% 7DGGDL>C<=:G G6I:H DC B6C96IDG>AN G:9::B67A: H:8JG>I>:H -=: G:HJAI ID I=: ;JAAN
I6M67A:
:FJ>K6A:CIC:I>CI:G:HIB6G<>CL6H6C>C8G:6H:D;76H>HED>CIH
-=:A6G<:HI8DCIG>7JIDGHIDI=:>C8G:6H:>CI=:N>:A9DC6K:G6<::6GC>C<6HH:IH>C
L6H6C>C8G:6H:>C6K:G6<:AD6C6C9A:6H:
76A6C8:H6C9=><=:GG6I:HDCI6M67A:>CK:HIB:CIH:8JG>I>:HJG>C<
	6K:G6<:AD6CH6C9A:6H:H>C8G:6H:9B>AA>DCDG

;GDB
L=>A:I=:N>:A99:8G:6H:9ID;GDB>C
,IGDC<B6G>ANL>I=>CDJG+:C:L67A:
C:GD6C9H:A:8I>K:CDJGDBB:G8>6A+:6AHI6I:EDGI;DA>D9GDK:IDI6A6K:G6<:AD6CH6C9A:6H:H=><=:G
9JG>C<I=:N:6G':I>CI:G:HIG:8DK:G>:HEDH>I>K:AN8DCIG>7JI:9H:K:C76H>HED>CIHIDI=:N>:A9DC6K:G6<:AD6CH6C9A:6H:H9JG>C<

6C9I=G::76H>HED>CIHIDI=:6K:G6<:AD6CH6C9A:6H:HN>:A99JG>C<
-=:I6M
:FJ>K6A:CIN>:A9DC>CK:HIB:CIH:8JG>I>:H
>C8G:6H:976H>HED>CIHIDL=>A:I=:6K:G6<:76A6C8:9:8G:6H:9B>AA>DCDGL>I=I=:A6G<:HI9:8G:6H:H>C
.,IG:6HJGN6C9;:9:G6A6<:C8NH:8JG>I>:H6C9HI6I:6C9BJC>8>E6AH:8JG>I>:HK:G6<:BDGI<6<:H=:A9;DGH6A:>C8G:6H:9

B>AA>DCDG
9JG>C<
L=>A:I=:N>:A99:8G:6H:976H>HED>CIHK:G6<:DI=:G>CK:HIB:CIH>C8G:6H:9B>AA>DC
DG  9JG>C< 
 L=>A: I=: N>:A9 9:8G:6H:9  76H>H ED>CIH -=: 6K:G6<: 76A6C8: >C8G:6H: >C DI=:G >CK:HIB:CIH L6H
EG>B6G>AN6G:HJAID;=><=:G76A6C8:H=:A96II=::9:G6A+:H:GK:6C@
K:G6<: >CI:G:HI
7:6G>C< 9:EDH>IH >C8G:6H:9 
 B>AA>DC DG  9JG>C< 
 L=>A: I=: :;;:8I>K: G6I: E6>9 DC I=DH:
9:EDH>IH9:8G:6H:976H>HED>CIH-=:>C8G:6H:96K:G6<:76A6C8:L6HEG>B6G>AN9J:ID>C8G:6H:H>CCDC
7GD@:G:9I>B:9:EDH>IH
6C9BDC:NB6G@:I688DJCIH-=:9:8G:6H:>CI=:6K:G6<:8DHID;>CI:G:HI
7:6G>C<9:EDH>IHL6HEG>B6G>ANI=:G:HJAID;:9G6I:
8JIH9JG>C<I=:H:8DC9=6A;D;
6C9H:8DC9=6A;D;
K:G6<:CDC>CI:G:HI
7:6G>C<9:B6C99:EDH>IH9:8G:6H:9

B>AA>DCDG
9JG>C<
9J:EG>B6G>ANIDE:GH>HI:CIG6I:8DBE:I>I>DC;DG9:EDH>IH6C9A>O6I>DCD;:M8:HH;JC9H7N
DJG7JH>C:HH8JHIDB:GH
K:G6<:H=DGI
I:GB7DGGDL>CAA>DCDG9JG>C<
L=>A:I=::;;:8I>K:G6I:E6>99:8G:6H:9

76H>HED>CIHEG>B6G>AN9J:IDI=:B6IJG>IN6C9E6ND;;D;

B>AA>DC>C7DGGDL>CC<)GDANG:9::B67A:H:8JG>I>:H76A6C8:H>C8G:6H:9
B>AA>DCDG

9JG>C< 
 L=>A: I=: :;;:8I>K: G6I: >C8G:6H:9  76H>H ED>CIH EG>B6G>AN 9J: ID 6 =><=:G >BEJI:9 >CI:G:HI DC B6C96IDG>AN
G:9::B67A:H:8JG>I>:H;GDB6C>C8G:6H:9>BEGDK:B:CI>C7DD@K6AJ:E:GH=6G:9JG>C<
8DBE6G:9ID
&6C96IDG>AN
G:9::B67A:H=6G:H6G:>HHJ:9JC9:GI=:I:GBHD;DC:D;DJG:M:8JI>K:>C8:CI>K:8DBE:CH6I>DCEA6CH6C96G:H:IIA:976H:9DC
7DD@K6AJ:E:GH=6G:L>I=8=6C<:H;GDBI=:EG:K>DJHG:EDGI>C<96I:G:8DG9:96H>CI:G:HI:ME:CH:

Q
,+

DGB
$

-=: ;DAADL>C< I67A: EGDK>9:H 6C 6C6ANH>H D; C:I >CI:G:HI >C8DB: 6C9 >AAJHIG6I:H >CI:G:HI >C8DB: :6GC:9 6C9 >CI:G:HI :ME:CH:
8=6G<:9;DG:68=B6?DG8DBEDC:CID;>CI:G:HI:6GC>C<6HH:IH6C9I=:>CI:G:HI7:6G>C<A>67>A>I>:H2>:A9HG6I:H6G:8DBEJI:9DC6
I6M
:FJ>K6A:CI 76H>H	 JH>C< 6  G6I: 'DC688GJ6A AD6CH 6C9 A:6H:H 6G: >C8AJ9:9 >C I=: 6K:G6<: AD6C 6C9 A:6H: 76A6C8:
DJIHI6C9>C<










!#$ %!&$ $
F5B175
1<1>35
>D5B5CD
>3?=5
H@5>C5
.95<4
'1D5
F5B175
1<1>35
>D5B5CD
>3?=5
H@5>C5
.95<4
'1D5
F5B175
1<1>35
>D5B5CD
>3?=5
H@5>C5
.95<4
'1D5
,,-,
"CK:HIB:CIH:8JG>I>:H6K6>A67A:
;DG
H6A:
-6M67A:
		
 	


		


 	


		
 	



-6M
:M:BEI

	

	




	

	


	


	



&DGI<6<:H=:A9;DGH6A:

	




	




	



%D6CH6C9A:6H:H	C:ID;JC:6GC:99>H8DJCI
 		
 	



 		
 	

 	
	
 	

(I=:G>CK:HIB:CIH

	

	



	

	


	

	

-DI6A:6GC>C<6HH:IH
 		
 	




 		
 	


 		

 	

6H=6C99J:;GDB76C@H

	

	


	

AADL6C8:;DGAD6C6C9A:6H:ADHH:H

	

	



	
(I=:G6HH:IH

	


	

	

-DI6A6HH:IH
		
		
		
%""%"-",',!+!(%+,X*."-2
"CI:G:HI
7:6G>C<9:EDH>IH
	
	
	


	
	
	


	
	

	

,=DGI
I:GB7DGGDL>CI>:HHDA9JC9:G6CC6I:9CDI:H

	

	



	

	


	

	


%DC<
I:GB9:7I6C9B6C96IDG>ANG:9::B67A:H:8JG>I>:H

	

	




	

	


	

	


-DI6A>CI:G:HI
7:6G>C<A>67>A>I>:H
 		


 	

 		
 	



 		
 	



'DC>CI:G:HI
7:6G>C<9:EDH>IH
 	
	
 	
	


 		
(I=:GA>67>A>I>:H

	


	

	
,=6G:=DA9:GHX:FJ>IN
 	
	
 	
	

	
'DC8DCIGDAA>C<>CI:G:HIH

	


	



	
-DI6AA>67>A>I>:H6C9:FJ>IN
		
		
		
%:HHJAANI6M
:FJ>K6A:CI69?JHIB:CIH






':I>CI:G:HI>C8DB:B6G<>C )
9:G>K:9
	




	

	


JAANI6M
:FJ>K6A:CI69?JHIB:CIH






':I>CI:G:HI>C8DB:B6G<>C
-
	



	


	

,::U+:8DC8>A>6I>DCD;'DC
 )>C6C8>6A&:6HJG:HV;DGBDG:>C;DGB6I>DCDCI=>HE:G;DGB6C8:B:6HJG:G6I>D

Q
,+

DGB
$

+:8DC8>A>6I>DCD;'DC
 )>C6C8>6A&:6HJG:H T(JG688DJCI>C<6C9G:EDGI>C<EDA>8>:H8DC;DGBID )>CI=:.C>I:9
,I6I:H 6C9 EG:K6>A>C< EG68I>8:H >C I=: 76C@>C< >C9JHIGN !DL:K:G	 8:GI6>C CDC
 ) E:G;DGB6C8: B:6HJG:H 6G: JH:9 7N
B6C6<:B:CI ID :K6AJ6I: 6C9 B:6HJG: I=: DBE6CNXH E:G;DGB6C8: -=:H: >C8AJ9: I6M67A:
:FJ>K6A:CI C:I >CI:G:HI >C8DB:
>C8AJ9>C<>IH>C9>K>9J6A8DBEDC:CIH6C9C:I>CI:G:HIB6G<>C>C8AJ9>C<>IH>C9>K>9J6A8DBEDC:CIH&6C6<:B:CI7:A>:K:HI=6I
I=:H: B:6HJG:H EGDK>9: JH:GH D; I=: DBE6CNXH ;>C6C8>6A >C;DGB6I>DC 6 BDG: B:6C>C<;JA K>:L D; I=: E:G;DGB6C8: D; I=:
>CI:G:HI
:6GC>C<6HH:IH6C9>CI:G:HI
7:6G>C<A>67>A>I>:H
&6C6<:B:CIG:K>:LHN>:A9HDC8:GI6>C6HH:I86I::H6C9I=:C:I>CI:G:HIB6G<>CD;I=:DBE6CN6C9>IH76C@>C<HJ7H>9>6G>:H
DC 6 ;JAAN I6M67A:
:FJ>K6A:CI U-V 76H>H "C I=>H CDC
 ) EG:H:CI6I>DC	 C:I >CI:G:HI >C8DB: >H 69?JHI:9 ID G:;A:8I I6M
:M:BEI>CI:G:HI>C8DB:DC6C:FJ>K6A:CI7:;DG:
I6M76H>H-=>HB:6HJG::CHJG:H8DBE6G67>A>IND;C:I>CI:G:HI>C8DB:6G>H>C<
;GDB7DI=I6M67A:6C9I6M
:M:BEIHDJG8:H-=:;DAADL>C<I67A:H=DLHI=:G:8DC8>A>6I>DCD;CDC
 );>C6C8>6AB:6HJG:H;DG
I=:BDHIG:8:CII=G::N:6GH:C9:9:8:B7:G

!#$ %!&$ $









6A8JA6I>DCD;':I"CI:G:HI&6G<>C

"CI:G:HI>C8DB: )

	

	


	

JAANI6M
:FJ>K6A:CI69?JHIB:CIH


%D6CH6C9A:6H:H









-6M
:M:BEI>CK:HIB:CIH:8JG>I>:H









"CI:G:HI>C8DB:
-

	



	


	

"CI:G:HI:ME:CH: )

	

	



	


':I>CI:G:HI>C8DB: )


	



	

	
 
':I>CI:G:HI>C8DB:
-


	


	


	
!
-DI6A:6GC>C<6HH:IH
 		
 		
 		

':I>CI:G:HIB6G<>C )
9:G>K:9!





':I>CI:G:HIB6G<>C
- !





Q
,+

DGB
$

-=:8=6C<:>C>CI:G:HI9J:ID7DI=G6I:6C9KDAJB:>AAJHIG6I:9>CI=:;DAADL>C<I67A:=6H7::C6AAD86I:9IDKDAJB:6C9G6I:
8=6C<:H >C EGDEDGI>DC ID I=: G:A6I>DCH=>E D; I=: 67HDAJI: 9DAA6G 6BDJCIH D; I=: 8=6C<: >C :68= -=: ;DAADL>C< I67A: H=DLH
8=6C<:H>CI6M
:FJ>K6A:CI>CI:G:HI:6GC:96C9>CI:G:HIE6>9	G:HJAI>C<;GDB8=6C<:H>CKDAJB:6C98=6C<:H>CG6I:H
>3B51C553B51C54E5D?

!#$ %!&$ $
+?I>:H6K6>A67A:
;DG
H6A:
-6M67A:

	 
	


	

-6M
:M:BEI







&DGI<6<:H=:A9;DGH6A:



 

%D6CH6C9A:6H:H	C:ID;JC:6GC:99>H8DJCI

	

	 
	
(I=:G>CK:HIB:CIH




 

-DI6A:6GC>C<6HH:IH

	

	


	

"CI:G:HIE6>9DC
"CI:G:HI
7:6G>C<9:EDH>IH

	


	 

	
,=DGI
I:GB7DGGDL>CI>:HHDA9JC9:G6CC6I:9CDI:H

T

 

%DC<
I:GB9:7I6C9B6C96IDG>ANG:9::B67A:H:8JG>I>:H



	


	
-DI6A>CI:G:HI
7:6G>C<A>67>A>I>:H

	

	
 
	
':I>CI:G:HI>C8DB:
-


	

	

	

8DBE6G:9ID

"CI:G:HI:6GC:9DC
"CK:HIB:CIH:8JG>I>:H6K6>A67A:
;DG
H6A:
-6M67A:

	 
	

	
-6M
:M:BEI

 



&DGI<6<:H=:A9;DGH6A:






%D6CH6C9A:6H:H	C:ID;JC:6GC:99>H8DJCI

	


	

	

(I=:G>CK:HIB:CIH

	





	
-DI6A:6GC>C<6HH:IH

	

	

	
"CI:G:HIE6>9DC
"CI:G:HI
7:6G>C<9:EDH>IH

	


	



	

,=DGI
I:GB7DGGDL>CI>:HHDA9JC9:G6CC6I:9CDI:H

T




%DC<
I:GB9:7I6C9B6C96IDG>ANG:9::B67A:H:8JG>I>:H

 
 

-DI6A>CI:G:HI
7:6G>C<A>67>A>I>:H

	

	

	

':I>CI:G:HI>C8DB:
-

	

	

	


Q
,+

DGB
$

#?>9>D5B5CD >3?=5 T 'DC>CI:G:HI >C8DB: 9:8G:6H:9 >C 
 ;GDB 
 ;DAADL>C< 6 9:8G:6H: >C 
 ;GDB 
 -=:
;DAADL>C<I67A:H=DLHI=:8DBEDC:CIHD;DJGCDC>CI:G:HI>C8DB:;DGI=:BDHIG:8:CII=G::N:6GH:C9:9:8:B7:G

!#$ %!&$ $












81>75
6B?=





81>75
6B?=





81>75
6B?=





81>75
6B?=


'DC>CI:G:HI>C8DB:
-GJHI6C9L:6AI=69K>HDGN

	

	


	


	
 
	



,:GK>8:8=6G<:HDC9:EDH>I688DJCIH

	

	

	



 




:7>I86G9

	

	

	





 



&DGI<6<:76C@>C<

	


	


	



 


"CHJG6C8:8DBB>HH>DCH

	



	


	



 


FJ>EB:CIG:CI6A

	


	

	

	

 
	

%DHH:HDC>CK:HIB:CIH:8JG>I>:H6K6>A67A:
;DG
H6A:

	 
	 
	 
	

 


(I=:G


	

	

	

	
 
	

-DI6ACDC>CI:G:HI>C8DB:

	


	



	




 
	

'&'DI&:6C>C<;JA
-GJHI 6C9 L:6AI= 69K>HDGN ;::H L=>8= >C8AJ9: >CK:HIB:CI B6C6<:B:CI ;::H	 :HI6I: 69B>C>HIG6I>DC ;::H	 BJIJ6A ;JC9 ;::H	
6CCJ>IN;::H	6C9;>9J8>6GN;::H>C8G:6H:9>C
;GDB
	8DBE6G:9ID6C>C8G:6H:>C
DK:G
-GJHI6C9L:6AI=
69K>HDGN;::H6G:A6G<:AN76H:9DCI=:CJB7:G6C9H>O:D;8A>:CIG:A6I>DCH=>EH6C9I=:B6G@:IK6AJ:D;6HH:IHJC9:GB6C6<:B:CI
-=: B6G@:I K6AJ: D; IGJHI 6HH:IH JC9:G B6C6<:B:CI 6I :8:B7:G 	 
 6C9 
 L6H  7>AA>DC 6C9  7>AA>DC	
G:HE:8I>K:AN-=:EDH>I>K:E:G;DGB6C8:D;I=:HID8@6C97DC9B6G@:IH9JG>C<
G:HJAI:9>C6C>C8G:6H:>CI=:B6G@:IK6AJ:D;
IGJHI6HH:IHJC9:GB6C6<:B:CI8DBE6G:9ID
I:8:B7:G	
	I=:H:IGJHI6HH:IHL:G:8DBEG>H:9D;7>AA>DCD;
E:GHDC6A 6C9 6<:C8N IGJHIH 6C9 :HI6I: 69B>C>HIG6I>DC 6HH:IH	 
 7>AA>DC D; :BEADN:: 7:C:;>I EA6C 6HH:IH	 
 7>AA>DC D;
>C9>K>9J6AG:I>G:B:CI688DJCIH	6C9

7>AA>DCD;8JHID9N6HH:IH
,:GK>8:8=6G<:HDC9:EDH>I688DJCIH>C8G:6H:9>C
;GDB
	8DBE6G:9ID6C>C8G:6H:>C
;GDB
-=:C
H:GK>8: 8=6G<:H DC 9:EDH>I 688DJCIH >C 
 L6H EG>B6G>AN 9J: ID =><=:G 8DCHJB:G CDCHJ;;>8>:CI ;JC9 6C9 DK:G9G6;I
IG6CH68I>DCH-=:CH:GK>8:8=6G<:HDC9:EDH>I688DJCIH>C
L6HEG>B6G>AN9J:ID6=><=:GKDAJB:D;7JH>C:HH
9:EDH>I688DJCI;::H
:7>I86G9>C8DB:G:B6>C:9G:A6I>K:AN;A6I9JG>C<
;DAADL>C<6HA><=I9:8G:6H:9JG>C<
-=:9:8A>C:>C
ID

L6HG:A6I:9IDH=>;IH>C7DI=8A>:CIIG6CH68I>DC7:=6K>DG6C9I=:C:ILDG@HDK:GL=>8=I=DH:B:G8=6CIH6G:GDJI>C<IG6CH68I>DCH
&DGI<6<:76C@>C<>C8DB:9:8G:6H:9>C
DK:G
	8DBE6G:9ID6C>C8G:6H:>C
;GDB
JG>C<
	
	6C9

	L:9:I:GB>C:9I=6ICDE:GB6C:CILG>I:
9DLCL6HC:8:HH6GN;DGEG:K>DJHANG:8DG9:9>BE6>GB:CIDC&,+HJG>C<
	
BDGI<6<:76C@>C<>C8DB:9:8G:6H:99J:IDADL:GB6G<>CHDCAD6CHDG><>C6I:9;DGI=:H:8DC96GNB6G@:I6C96G:9J8I>DC>C
H:GK>8>C<;::HG:HJAI>C<;GDB;:L:GAD6CH7:>C<H:GK>8:9;DGDI=:GHJG>C<
	BDGI<6<:76C@>C<>C8DB:>C8G:6H:99J:ID
=><=:GEGD9J8I>DCD;AD6CHDG><>C6I:9;DGI=:H:8DC96GNB6G@:IG:HJAI>C<>C>C8G:6H:9>C8DB:DCAD6CHHDA9>CIDI=:H:8DC96GN
B6G@:I
"CHJG6C8:8DBB>HH>DCH>C8G:6H:9>C
8DBE6G:9ID
	6C99:8G:6H:9>C
8DBE6G:9ID
-=:>C8G:6H:>C

L6HEG>B6G>AN9J:ID=><=:G8DCI>C<:CI8DBB>HH>DCHG:8:>K:96C96C>C8G:6H:97DD@D;7JH>C:HH-=:9:8G:6H:>C
L6H
EG>B6G>AN9J:ID;:L:G8DCI>C<:CI8DBB>HH>DCHG:8:>K:9
FJ>EB:CIG:CI6A>C8DB:<:C:G6I:9;GDBDE:G6I>C<A:6H:H9:8G:6H:99JG>C<
;GDB
	8DBE6G:9ID6H>B>A6GG:9J8I>DC
9JG>C<
;GDB
-=:6K:G6<::FJ>EB:CIG:CI6AEDGI;DA>D9:8G:6H:9>C
6C9
6H6G:HJAID;G:9J8:9A:6H>C<
KDAJB: EG>B6G>AN >C I=: B:9>JB 6C9 =:6KN 9JIN IGJ8@ 6C9 8DCHIGJ8I>DC :FJ>EB:CI EDGI;DA>DH 9J: ID 8=6C<>C< 8JHIDB:G
EG:;:G:C8:H6C98DBE:I>I>K:EG>8>C<EG:HHJG:H;DGC:L7JH>C:HH"C
6C9
	I=:9:8A>C:>CG:CI6A>C8DB:L6HD;;H:I7N6
H>B>A6G9:8A>C:>C9:EG:8>6I>DCDC:FJ>EB:CIDLC:9JC9:GDE:G6I>C<A:6H:H
%DHH:HDC>CK:HIB:CIH:8JG>I>:H6K6>A67A:
;DG
H6A:9JG>C<
L:G::M8AJH>K:ANI=:G:HJAID;G:EDH>I>DC>C<I=:EDGI;DA>D9JG>C<
I=:H:8DC9	I=>G9	6C9;DJGI=FJ6GI:GH"CI=:8DB7>C:9G:EDH>I>DC>C<IG69:H	6EEGDM>B6I:ANB>AA>DCD;H:8JG>I>:HL>I=6
L:><=I:96K:G6<:N>:A9D;
L:G:HDA96C9JH:9IDEJG8=6H:6EEGDM>B6I:ANB>AA>DCD;H:8JG>I>:HL>I=6L:><=I:9
6K:G6<:N>:A9D;"CI=:
G:EDH>I>DC>C<	6EEGDM>B6I:ANB>AA>DCD;H:8JG>I>:HL>I=6L:><=I:96K:G6<:N>:A9D;

L:G:HDA96C9JH:9IDEJG8=6H:6EEGDM>B6I:ANB>AA>DCD;H:8JG>I>:HL>I=6L:><=I:96K:G6<:N>:A9D;"CI=:

G:EDH>I>DC>C<	6EEGDM>B6I:AN
B>AA>DCD;H:8JG>I>:HL>I=6L:><=I:96K:G6<:N>:A9D;
L:G:HDA96C9JH:9ID
EJG8=6H:6EEGDM>B6I:AN
B>AA>DCD;H:8JG>I>:HL>I=6L:><=I:96K:G6<:N>:A9D;
-=:G:B6>C>C<
ADHH:HL:G:I=:
G:HJAID;H6A:HIDHJEEDGIA>FJ>9>IN6C9;JC9AD6CC<I=:;>GHIFJ6GI:G

Q
,+

DGB
$

(I=:G>C8DB:>C8G:6H:9>C
;GDB
	8DBE6G:9ID69:8G:6H:>C
;GDB
-=:>C8G:6H:>C
L6HB6>CAN6
G:HJAID;=><=:GE6GIC:GH=>E>CK:HIB:CI<6>CHDCH6A:D;G:C:L67A::C:GIN>CK:HIB:CIHD;
B>AA>DC	6C>C8G:6H:>C
7GD@:G6<:8DBB>HH>DCH6C9;::HD;
B>AA>DC	6C9>C8G:6H:98JHIDB:G>CI:G:HIG6I:HL6E;::HD;
B>AA>DCD;;H:I7N6
LG>I:
9DLC D; 
 B>AA>DC DC 6 HB6AA 7JH>C:HH 86E>I6A >CK:HIB:CI -=: 9:8G:6H: >C 
 L6H B6>CAN 6 G:HJAI D; ADL:G
E6GIC:GH=>E>CK:HIB:CI<6>CHDCH6A:D;G:C:L67A::C:GIN>CK:HIB:CIH	6LG>I:9DLCD;
B>AA>DCDC6HB6AA
7JH>C:HH86E>I6A>CK:HIB:CI6C96G:9J8I>DC>C8JHIDB:G>CI:G:HIG6I:HL6E;::HD;
B>AA>DC	D;;H:I7N>C8G:6H:97GD@:G6<:
8DBB>HH>DCH6C9;::HD;
B>AA>DC6C9G:CI6A>C8DB:D;
B>AA>DCG:A6I:9ID6G:EDHH:HH:96HH:I
#?>9>D5B5CDH@5>C5T'DC>CI:G:HI:ME:CH:>C8G:6H:9>C
;GDB
;DAADL>C<6C>C8G:6H:>C
;GDB
-=:
;DAADL>C<I67A:H=DLHI=:8DBEDC:CIHD;DJGCDC>CI:G:HI:ME:CH:;DGI=:BDHIG:8:CII=G::N:6GH:C9:9:8:B7:G

!#$ %!&$ $












81>75
6B?=





81>75
6B?=





81>75
6B?=





81>75
6B?=


'DC>CI:G:HI:ME:CH:
,6A6G>:H6C9:BEADN::7:C:;>IH

	

	


	

	
 
	

':ID88JE6C8N

	

	

	




 


JGC>IJG:6C9:FJ>EB:CI

	

	

	




 



6I6)GD8:HH>C<

	

	

	


	
 
	



:EG:8>6I>DCTA:6H:9:FJ>EB:CI

	

	


	


	

 
	



)GD;:HH>DC6A;::H

	

	


	




 


"6C9DI=:G>CHJG6C8:

	

	

	


 


JH>C:HH9:K:ADEB:CI6C9B6G@:I>C<

	

	

	

	
 


)GDK>H>DCG:8DK:GND;EGDK>H>DC;DGJC;JC9:9
AD6C8DBB>IB:CIH

T

T

	
'&
'&
'&
'&
(I=:G

	


	

	

	

 
	

-DI6ACDC>CI:G:HI:ME:CH:

	


	



	

	

 
	


'&'DI&:6C>C<;JA
-DI6AH6A6G>:H6C9:BEADN::7:C:;>IH>C8G:6H:9>C
;GDB
	;DAADL>C<6C>C8G:6H:>C
;GDB

BEADN::H6A6G>:HAA>DCDG>C
;GDB
	8DBE6G:9ID6C>C8G:6H:D;B>AA>DCDG>C

;GDB
-=:>C8G:6H:>C
L6HB6>CAN6G:HJAID;=><=:G76H:H6A6G>:H9J:IDCDGB6AB:G>I>C8G:6H:H6C96G>H:>C>C8:CI>K:
8DBE:CH6I>DC-=:>C8G:6H:>C
L6HB6>CAN6G:HJAID;=><=:G76H:H6A6G>:H9J:IDCDGB6AB:G>I>C8G:6H:H	I=:>BE68ID;
L6<: >C;A6I>DC	 6C9 6C >C8G:6H: >C I=: CJB7:G D; :BEADN::H ;GDB I=: ;>AA>C< D; EG>DG DE:C EDH>I>DCH 6C9 ADL:G :BEADN::
IJGCDK:G6HL:AA6H6C>C8G:6H:>C>C8:CI>K:8DBE:CH6I>DC
BEADN::7:C:;>IH>C8G:6H:9B>AA>DCDG>C
;GDB
	8DBE6G:9ID6B>AA>DCDG
9:8G:6H:>C

;GDB
JG>C<
	CHJG6C8:8DHIHL:G:=><=:G9J:IDDK:G6AA=><=:G=:6AI=>CHJG6C8:8A6>BH:ME:G>:C8:96C9
6C >C8G:6H: >C :BEADN:G EGD;>I H=6G>C< 8DCIG>7JI>DC :ME:CH: 9J: ID I=: JI>A>O6I>DC D; 688JBJA6I:9 EA6C ;DG;:>IJG:H ID D;;H:I
:BEADN:G8DCIG>7JI>DCH>CI=:EG>DGN:6GJG>C<
	CHJG6C8:8DHIHL:G:ADL:G9J:ID;:L:G8A6>BH:ME:G>:C8:96C9
I=:JI>A>O6I>DCD;688JBJA6I:9EA6C;DG;:>IJG:HD;
B>AA>DCIDD;;H:I8JGG:CIN:6G:BEADN:G8DCIG>7JI>DC:ME:CH:
(88JE6C8N:ME:CH:GDH:>C
;GDB
	8DBE6G:9ID6C>C8G:6H:>C
;GDB
-=::ME:CH:>C8G:6H:>C
L6H
EG>B6G>AN I=: G:HJAI D; =><=:G 7J>A9>C< 9:EG:8>6I>DC 6C9 >C8G:6H:9 EG:B>H:H :ME:CH:H -=: :ME:CH: >C8G:6H: >C 
 L6H
EG>B6G>ANI=:G:HJAID;>C8G:6H:9EG:B>H:H:ME:CH:H6C9=><=:GG:CIH
JGC>IJG:6C9:FJ>EB:CI:ME:CH:	>C8AJ9>C<9:EG:8>6I>DC	>C8G:6H:9>C
;GDB
	6C9L6HG:A6I>K:AN;A6I>C
;GDB

 -=: >C8G:6H: >C 
 L6H EG>B6G>AN 9J: ID 6C >C8G:6H: >C:FJ>EB:CI G:E6>GH 6C9 B6>CI:C6C8: 6C9 =><=:G :FJ>EB:CI
9:EG:8>6I>DC
6I6EGD8:HH>C<:ME:CH:GDH:>C
;GDB
	;DAADL>C<6C>C8G:6H:>C
;GDB
-=:>C8G:6H:H>C7DI=
6C9

 L:G: 9J: ID 6 G>H: >C HD;IL6G: B6>CI:C6C8: 8DHIH 6C9 =><=:G 8DBEJI:G EGD8:HH>C< 8=6G<:H G:A6I:9 ID 6 K6G>:IN D;
I:8=CDAD6I>DCDC:FJ>EB:CIDLC:9JC9:GDE:G6I>C<A:6H:H9:8A>C:9>C
;GDB
	;DAADL>C<6H>B>A6G9:8G:6H:>C

;GDB
"C
6C9
	9:EG:8>6I>DCDC:FJ>EB:CIDLC:9JC9:GDE:G6I>C<A:6H:H8DGG:A6I:9L>I=I=:8=6C<:>C:FJ>EB:CI
G:CI6A>C8DB:
)GD;:HH>DC6A;::HG:B6>C:9;A6I>C
;GDB
	8DBE6G:9ID6C>C8G:6H:>C
;GDB
-=:=><=:G:ME:CH:>C
86C
EG>B6G>AN7:6IIG>7JI:9ID6
B>AA>DCG:K:GH6AD;688GJ:9A:<6A;::H>CI=:;>GHIFJ6GI:GD;
	6HL:AA6H6C>C8G:6H:>C
6J9>I6C9:M6B>C6I>DC;::H6C9I=:JI>A>O6I>DCD;8DCHJAI>C<H:GK>8:H;DGI:8=CDAD6C8:H:GK>8:H9JG>C<I=:
N:6G

Q
,+

DGB
$

"6C9DI=:G>CHJG6C8::ME:CH:9:8G:6H:9>C
;GDB
	6C9>C8G:6H:9>C
;GDB
-=:9:8G:6H:>C
L6H
B6>CANI=:G:HJAID;ADL:G>CHJG6C8:EG:B>JBH9J:ID6BDG:8DHI:;;:8I>K:EDA>8NG:C:L6A-=:>C8G:6H:>C
L6HB6>CANI=:
G:HJAID;=><=:G>CHJG6C8:EG:B>JBH9JG>C<
">CHJG6C8:EG:B>JBHG:B6>C:9G:A6I>K:ANHI67A:9JG>C<
6C9

JH>C:HH9:K:ADEB:CI6C9B6G@:I>C<:ME:CH:H>C8G:6H:9>C
;GDB
	;DAADL>C<69:8G:6H:>C
;GDB
-=:
>C8G:6H:9 :ME:CH: >C 
 L6H B6>CAN I=: G:HJAI D; 6 

 B>AA>DC 9DAA6G 8=6G>I67A: 8DCIG>7JI>DC	 >C8G:6H:9 7JH>C:HH
9:K:ADEB:CI :ME:CH:H	 6C9 B6G@:I>C< EGDBDI>DCH -=: 9:8G:6H:9 :ME:CH: >C 
 L6H B6>CAN I=: G:HJAI D; 6 8=6G>I67A:
8DCIG>7JI>DCD;

B>AA>DCB69:9JG>C<
D;;H:IL>I==><=:GB6G@:I>C<EGDBDI>DCH9JG>C<I=:N:6G
JG>C<
	L:G:8A6HH>;>:9I=:EGDK>H>DC;DGJC;JC9:9AD6C8DBB>IB:CIHDJID;(I=:G'DC>CI:G:HIME:CH:6C9>CIDI=:
)GDK>H>DC ;DG G:9>I %DHH:H >C I=: DCHDA>96I:9 ,I6I:B:CIH D; "C8DB: 0: 7:A>:K: I=>H G:8A6HH>;>86I>DC BDG: 6EEGDEG>6I:AN
G:;A:8I:9I=:C6IJG:D;I=>H:ME:CH:>I:B6C9:C=6C8:H8DBE6G67>A>IN;DGE::G8DBE6G>HDCEJGEDH:H
(I=:G:ME:CH:H>C8G:6H:9>C
6H8DBE6G:9ID
	6C99:8G:6H:9>C
6H8DBE6G:9ID
-=:=><=:G:ME:CH:>C

L6HEG>B6G>ANI=:G:HJAID;;:L:G<6>CHG:A6I:9IDI=:H6A:D;;>M:96HH:IH6C9D;;
A:6H::FJ>EB:CI	=><=:G8DAA:8I>DC6C9
G:EDHH:HH>DC:ME:CH:H	6C9>C8G:6H:9>CI6C<>7A:6HH:I6BDGI>O6I>DCD;;H:I7N6G:9J8I>DC>C;G6J9ADHH:H-=:ADL:G:ME:CH:>C

L6HEG>B6G>ANI=:G:HJAID;=><=:G<6>CHDCI=:H6A:D;;>M:96HH:IH6C9A:6H:9:FJ>EB:CI	ADL:GEG>CI>C<6C9EDHI6<:8DHIH	
G:9J8:996I68DBBJC>86I>DCA>C:8=6G<:H6C96G:9J8I>DC>C:BEADNB:CI6C9G:AD86I>DC8DHIHD;;H:I7N6
B>AA>DCHIDA:C
8=:8@;G6J9ADHH
>3?=5)1H5CTHI,DJG8:G:8DO:9>C8DB:I6M:ME:CH:>C
D;B>AA>DC	8DBE6G:9IDB>AA>DC>C
	
6C9B>AA>DC>C
-=::;;:8I>K:I6MG6I:>C
L6H8DBE6G:9ID>C
	6C9>C

DG69:I6>A:96C6ANH>HD;HI,DJG8:XH>C8DB:I6M:HH::)6GI""	"I:B	>C6C8>6A,I6I:B:CIH6C9,JEEA:B:CI6GN6I6T'DI:
D;I=:'DI:HIDDCHDA>96I:9>C6C8>6A,I6I:B:CIH
"''"%('"-"('
!?1>1>4!51C5%?BD6?<9?T-=:;DAADL>C<I67A:H=DLHHI,DJG8:XHAD6C6C9A:6H:9>HIG>7JI>DC6II=::C9D;:68=D;I=:A6HI
ILDN:6GH6HD;:8:B7:G

!#$ %!&$ $






DBB:G8>6A6C968JAIJG6A

	

	
+:C:L67A::C:G<=IIGJ8@

	

	
&:9>JB6C9=:6KN9JINIGJ8@

	

	
>G8G6;I

	
	

		
DCHIGJ8I>DC:FJ>EB:CI

		

	
	
DBB:G8>6AG:6A:HI6I:

		

		
+:H>9:CI>6AG:6A:HI6I:6C9=DB::FJ>IN


	


	

DCHJB:G


	

	
-DI6AAD6CH6C9A:6H:H

	
	

		

I:8:B7:G	
	I=:G:L:G:CD8DC8:CIG6I>DCHL>I=>CI=:AD6CEDGI;DA>DD;
DGBDG:D;IDI6AAD6CH6C9A:6H:H
%D6CH 6C9 A:6H:H	 C:I D; JC:6GC:9 9>H8DJCI	 6I :8:B7:G 	 
	 L:G: 
 7>AA>DC 6C9 L:G:  D; IDI6A 6HH:IH	
8DBE6G:9ID7>AA>DC6C9D;IDI6A6HH:IH6I:8:B7:G	
K:G6<:AD6CH6C9A:6H:H	C:ID;JC:6GC:99>H8DJCI	
>C8G:6H:9B>AA>DCDG
6C9>C8G:6H:9B>AA>DCDG>C
6C9
	G:HE:8I>K:AN
DBB:G8>6A6C968JAIJG6AA:C9>C<	:M8AJ9>C<I=DH:AD6CHH:8JG:97NG:6A:HI6I:	>C8G:6H:9B>AA>DCDG>C

DK:G
DBB:G8>6A6C968JAIJG6AA:C9>C<DJIHI6C9>CAA>DC6C9B>AA>DC6I:8:B7:G	

6C9:8:B7:G	
	G:HE:8I>K:ANDBB:G8>6AAD6CCJ:9ID7:HDB:L=6I8DCHIG6>C:96HDJG8A>:CIH9:6AIL>I=
=><=:G8DHIH6C9I><=I:GCH-6G>;;>BE68I>HE6GI>6AANID7A6B:6HL:AA6HHADL>C<8DCHJB:G9:B6C9%D6C8JA6GAN8DCHIG6>C:9>CI=:HB6AA7JH>C:HHH:8IDG0:H6LI=>H>CI=:;DGBD;G:9J8:9A>C:D;8G:9>I%(76A6C8:H
I=GDJ<=DJI I=: N:6G JGI=:G	 I=: 68JAIJG6A 6C9 G:8G:6I>DC6A K:=>8A: H:8IDGH 6G: :CI:G>C< I=:>G ;DJGI= 8DCH:8JI>K: N:6G D;
9:EG:HH:98DBBD9>INEG>8:H6C99:B6C9	L=>8=86JH:9ADL:G%(JH6<:6C9G:9J8:9>CK:HIB:CIH7NI=:H:7DGGDL:GH>C6AAN	
DJG8DBB:G8>6A6C9>C9JHIG>6AAD6CDJIHI6C9>CCJ:ID7:>BE68I:97NI=:68FJ>H>I>DC6C9HJ7H:FJ:CIE6N
D;;H7NEG>K6I:
:FJ>IN;>GBH6C9A6G<:G8DBE:I>IDGH
+:C:L67A::C:GC8G:6H:9B>AA>DCDG>C
DK:G
+:C:L67A::C:GCAA>DC6C9B>AA>DC6I:8:B7:G	
6C9
	G:HE:8I>K:AN-=:>C8G:6H:9JG>C<

L6H9J:ID8DCI>CJ:9EDH>I>K:BDB:CIJB;GDBI=:699>I>DCD;C:L8A>:CIH6C9G:E:6I7JH>C:HH;GDB:M>HI>C<8A>:CIH:B6C9
;DG G:C:L67A: :C:GC:9 688:A:G6I:9 9JG>C< 
 ;GDB I=: >C8:CI>K:H 6HHD8>6I:9 L>I= I=: "C;A6I>DC
+:9J8I>DC8I6C9I=:H=DGI:C:9E=6H:DJIE:G>D9D;I=:H:>C8:CI>K:HL>I=I=:E6HH6<:D;I=:(C:><:6JI>;JA>AA

Q
,+

DGB
$

JID6C9A><=IIGJ8@AD6CH9:8G:6H:9
B>AA>DCDG>C
DK:G
I:8:B7:G	
	6JID6C9A><=IIGJ8@
AD6CH=69DJIHI6C9>CAA>DC6C9B>AA>DC6I:8:B7:G	
-=>H9:8G:6H:L6HEG>B6G>AN6IIG>7JI67A:
IDK:=>8A:G:CI6A8A>:CIHXG:68I>DCID8N8A>86AB6G@:I69?JHIB:CIHG:HJAI>C<>CI=:9DLCH>O>C<D;IDI6A;A::I6C9IG6CH>I>DC>CID
ADL:G86E>I6A8DHIJC>IH6ADC<L>I=DJGH:A:8I>K:8G:9>I6EEGD68=
&:9>JB6C9=:6KN9JINIGJ8@AD6CH6C9A:6H:H9:8G:6H:9B>AA>DCDG>C
&:9>JB6C9=:6KN9JINIGJ8@
;>C6C8>C<6I:8:B7:G	
6C9
=69DJIHI6C9>CAA>DC6C9B>AA>DC	G:HE:8I>K:AN-=:9:8G:6H:
6I:8:B7:G	
;GDB:8:B7:G	
86C7:B6>CAN6IIG>7JI:9IDG:9J8:9:FJ>EB:CI9:B6C9G:A6I:9ID6CDCC<
IGJ8@>C<>C9JHIGNG:8:HH>DC	H:A:8I>K:8G:9>I6EEGD68=	6C9B6>CI:C6C8:D;DJG69?JHI:9N>:A9H
>G8G6;I;>C6C8>C<6IN:6G
:C9
9:8G:6H:9B>AA>DCDG;GDBN:6G
:C9
>G8G6;I;>C6C8>C<6I:8:B7:G	

 6C9 
 =69 DJIHI6C9>CAA>DC 6C9  7>AA>DC	 G:HE:8I>K:AN DB:HI>8 6>G8G6;I 6K:G6<: DJIHI6C9>CC8G:6H:9BD9:HIAN	L=>A::C9
D;
E:G>D976A6C8:H9:8A>C:9N:6G
DK:G
N:6G-=:9:8A>C:L6H9G>K:C7N:A:K6I:98A>:CIE6ND;;H6H
6>G8G6;IDLC:GH86E>I6A>O:9DCHIGDC<B6G@:IEG>8>C<7N9>K:HI>C<6HH:IHDG6K>6I>DC
G:A6I:97JH>C:HH:H9JG>C<
0:8DCI>CJ:
ID :M:G8>H: 6 8DCH>HI:CI 9>H8>EA>C:9 6EEGD68= ID 6>G8G6;I INE:H 6C9 8A>:CI 8G:9>I EGD;>A:H (JG ;DG:>CC6I:9>C.,9DAA6GH	>C8G:6H:99JG>C<
6C9L:G:B>AA>DC6C9
B>AA>DC6HD;:8:B7:G	

6C9
	G:HE:8I>K:AN%D6C6C9A:6H:DJIHI6C9>CCG6O>A6C9&:M>8DL:G:B>AA>DC6C9

B>AA>DC6HD;:8:B7:G	
	G:HE:8I>K:AN	8DBE6G:9IDB>AA>DC6C9B>AA>DC6HD;:8:B7:G	
	
G:HE:8I>K:AN(JIHI6C9>C<76A6C8:HIDDI=:G7DGGDL:GH>CDI=:G8DJCIG>:HL:G:>CH>;>86CI
DCHIGJ8I>DC :FJ>EB:CI ;>C6C8>C< >C8G:6H:9  B>AA>DC DG  >C 
 8DBE6G:9 ID 
 DCHIGJ8I>DC :FJ>EB:CI
;>C6C8>C<6I:8:B7:G	
=69DJIHI6C9>CAA>DC	8DBE6G:9IDDJIHI6C9>CAA>DC6I:8:B7:G	

-=:CI=>H86I:B6G>AN9J:IDH>;>86CIC:L8A>:CIG:A6I>DCH=>EH6C98DCI>CJ:9I=:M>HI>C<
8A>:CIHEG>B6G>AN6BDCA9:GH6C9H>I:9:K:ADEB:CI8A>:CIH
DBB:G8>6AAD6CHH:8JG:97NG:6A:HI6I:>C8G:6H:9
B>AA>DCDG>C
DK:G
DBB:G8>6AAD6CHH:8JG:97N
G:6A:HI6I:DJIHI6C9>C<6I:8:B7:G	
L:G:7>AA>DC6C97>AA>DC6I:8:B7:G	
EEGDM>B6I:AN
D;AD6CHL:G:DLC:GD88JE>:96I:8:B7:G	
0:8DCI>CJ:ID=6K:HDA>9AD6C9:B6C9L>I=>CDJGB6G@:IH6HA>FJ>9>IN
8DC8:GCH	L=>8==6K:>BE68I:9B6CND;DJG8DBE:I>IDGHXL>AA>CK:AN6HI=:N=697::C>CID8DBB:G8>6A
G:6A:HI6I:	<6K:JHBDG:DEEDGIJC>I>:HL=>A:JC9:GLG>I>C<HI6C96G9H6C9N>:A9H6AHD>BEGDK:9-=:B6?DG>IND;DJGCDC
DLC:G
D88JE>:98DBB:G8>6AG:6A:HI6I:+EGD?:8IH6G:AD86I:9L>I=>CDJGEG>B6GNB6G@:I6G:60:=69C

	;J:A:97N8DCI>CJ:9;JC9>C<D;>C
EGD8:HHEGD?:8IHC:6G>C<8DBEA:I>DCI=GDJ<=DJII=:N:6G-=>HC:LEGD?:8I;JC9>C<L6H
E6GI>6AAND;;H:I7N6C>C8G:6H>C<CJB7:GD;+E6ND;;H	K>6I=:H6A:D;EGD?:8IHDGG:;>C6C8>C<>CH:8DC96GNB6G@:IH0:
8DCI>CJ:ID=6K:K:GNB>C>B6A:MEDHJG:IDCDC
DLC:GD88JE>:9D;;>8:EGDE:GIN
+:H>9:CI>6AG:6A:HI6I:6C9=DB::FJ>INAD6CHL:G:
B>AA>DC6I:8:B7:G	
6C9

B>AA>DC6I:8:B7:G	

 +:H>9:CI>6A G:6A :HI6I: 6C9 =DB: :FJ>IN AD6CH >C8G:6H:9 
 B>AA>DC DG  >C 
 ;GDB 
 +:H>9:CI>6A
BDGI<6<:6C9=DB::FJ>INDJIHI6C9>CC
6H8A>:CIH7:<6CIDIJGC768@ID=DB::FJ>INAD6CH6HK6G>67A:G6I:H7:<6C
ID9:8G:6H:AHD	DJG;>M:9G6I:I:GBH:8DC9BDGI<6<:H:CIHADD@:9IDEJAA:FJ>IN;GDB>C8G:6H:9=DB:K6AJ:H
>CHI:69D;9D>C<86H=DJIG:;>C6C8:H	L=>8=LDJA9>BE68II=:>GADLBDGI<6<:G6I:HI=6IL:G:AD8@:9>C9JG>C<(/""C
699>I>DC	I=:DK:G6AA>C8G:6H:>C=DB:K6AJ:H	6HL:AA6H=DB:G:E6>GH6C9>BEGDK:B:CIH	=6HG:HJAI:9>CBDG:AD6CH>CDJG
EDGI;DA>D
DCHJB:GAD6CH9:8G:6H:9B>AA>DCDG>C
DK:G
DCHJB:GAD6CHDJIHI6C9>C<6I:8:B7:G	
	
L:G:
B>AA>DC6C9B>AA>DC6I:8:B7:G	
JG>C<
	=><=:GK:=>8A:EG>8:H	G:9J8:9>CK:CIDGNA:K:AH	
6C98DCHJB:GXHA68@D;A>FJ>9>IN8DCIG>7JI:9IDI=:9:8G:6H:>C8DCHJB:GAD6CH

Q
,+

DGB
$

-=: ;DAADL>C< I67A: H=DLH I=: 8DCIG68IJ6A B6IJG>I>:H D; AD6CH 6C9 A:6H:H DJIHI6C9>C< 6H D; :8:B7:G 	 
 6H L:AA 6H
8A6HH>;>86I>DC688DG9>C<IDI=:H:CH>I>K>INID8=6C<:H>C>CI:G:HIG6I:H

!#$ %!&$ $
.51B
.51BC
.51BC
$F5B.51BC
)?D1<
DBB:G8>6A6C968JAIJG6A
>M:9G6I:


	

	


	

T

	
/6G>67A:G6I:

	



	

	





	
-DI6A8DBB:G8>6A6C968JAIJG6A


	

	

	



	
+:C:L67A::C:GM:9G6I:

	

	

	

	


	

/6G>67A:G6I:

	

	


	


T


	
-DI6AG:C:L67A::C:G<=IIGJ8@
>M:9G6I:

	


	

	

T


	
/6G>67A:G6I:

	


	


T

T

	
-DI6A6JID6C9A><=IIGJ8@

	


	

	

T

	
&:9>JB6C9=:6KN9JINIGJ8@
>M:9G6I:

	

	

	

T

	
/6G>67A:G6I:





T

T


-DI6AB:9>JB6C9=:6KN9JINIGJ8@

	

	

	

T

	
>G8G6;I
>M:9G6I:

	

	

	


T

	
/6G>67A:G6I:

	



	

	

T

	

-DI6A6>G8G6;I

	

	


	

T

	
	
DCHIGJ8I>DC:FJ>EB:CI
>M:9G6I:

	


	


	

T

		
/6G>67A:G6I:

	

	



T

	

-DI6A8DCHIGJ8I>DC:FJ>EB:CI

	

	



	

T

		
DBB:G8>6AG:6A:HI6I:
>M:9G6I:

	

	

	


T

	

/6G>67A:G6I:

	


	

	

	


	
-DI6A8DBB:G8>6AG:6A:HI6I:

	

	

	

	


		
+:H>9:CI>6AG:6A:HI6I:6C9=DB::FJ>IN
>M:9G6I:

	

	

	

	

	

/6G>67A:G6I:

	

	

	

	

	
-DI6AG:H>9:CI>6AG:6A:HI6I:6C9=DB::FJ>IN

	


	

	

	


	
DCHJB:G
>M:9G6I:

	

	



T


	
/6G>67A:G6I:


	


	



T

	
-DI6A8DCHJB:G

	


	




T


	
-DI6AAD6CH6C9A:6H:H
>M:9G6I:

		

		

	

	

		

/6G>67A:G6I:

	

	
	

	

	


		


-DI6AAD6CH6C9A:6H:H

	

	

	
	

	


	

	
	
JG>C< 
	 6EEGDM>B6I:AN  D; I=: 6C@XH G:H>9:CI>6A BDGI<6<: DG><>C6I>DCH L:G: HDA9 >CID I=: H:8DC96GN B6G@:I
&DGI<6<:AD6CH=:A9;DGH6A:L:G:B>AA>DC6I:8:B7:G	
6C9L:G:B>AA>DC6I:8:B7:G	

HI,DJG8:6C@H:AAHG:H>9:CI>6ABDGI<6<:AD6CHID6CC>:&6:6HL:AA6H!
>CHJG:96C9/
C >CC>:
&6: BDGI<6<:
768@:9 H:8JG>I>:H 99>I>DC6AAN	 L: =6K: HDA9 AD6CH DC 6 H:GK>8: G:A:6H:9 76H>H ID K6G>DJH DI=:G ;>C6C8>6A
>CHI>IJI>DCH >C I=: E6HI -=: 68= L: H:AA I=:H: BDGI<6<: AD6CH 8DCI6>C K6G>DJH G:EG:H:CI6I>DCH 6C9
L6GG6CI>:HG:<6G9>C<I=:688:EI67>A>IND;AD6CH;DGEJG8=6H:(CD886H>DC	L:B6N7:6H@:9ID>C9:BC>;NI=:AD6CEJG8=6H:G;DG
8G:9>I ADHH:H DC AD6CH I=6I L:G: A6I:G 9::B:9 >C:A><>7A: ;DG EJG8=6H: DG L: B6N 7: 6H@:9 ID G:EJG8=6H: 6 AD6C DI=
8>G8JBHI6C8:H6G:8DAA:8I>K:ANG:;:GG:9ID6HUG:EJG8=6H:HV0>I=>CI=:>C9JHIGN	G:EJG8=6H:9:B6C9H=6K:9:8G:6H:99JG>C<
G:8:CIN:6GH0:7:A>:K:I=:AD6CHL:=6K:JC9:GLG>II:C6C9HDA9IDI=:H::CI>I>:H=6K:B:IDG:M8::9:96EEA>867A:IG6CH68I>DC
E6G6B:I:GH

Q
,+

DGB
$

(JGA>67>A>IN;DGG:EJG8=6H:H	>C8AJ9:9>C88GJ:9ME:CH:H6C9(I=:G%>67>A>I>:HDCI=:,I6I:B:CIHD;>C6C8>6ADC9>I>DC	L6H

B>AA>DC6C9
B>AA>DC6HD;:8:B7:G	
6C9
	G:HE:8I>K:AN(JG:ME:CH:;DGG:EJG8=6H:ADHH:H	>C8AJ9:9
>C%D6C6C9%:6H:DAA:8I>DC6C9+:EDHH:HH>DC:ME:CH:DCI=:,I6I:B:CIHD;"C8DB:	L6H

B>AA>DCD;G:8DK:G>:H>C

8DBE6G:9 ID 

 B>AA>DC D; :ME:CH: >C 
 6C9 G:8DK:G>:H D; 

 B>AA>DC >C 
 -=: BDGI<6<: G:EJG8=6H: A>67>A>IN
G:EG:H:CIHDJG7:HI:HI>B6I:D;I=:ADHHI=6IL:B6N>C8JG-=::HI>B6I:>H76H:9DCHE:8>;>8AD6CG:EJG8=6H:G:FJ:HIH6C96
=>HIDG>86AADHHG6I>DL>I=G:HE:8IIDDG><>C6I>DC9DAA6GKDAJB::86JH:I=:A:K:AD;BDGI<6<:AD6CG:EJG8=6H:ADHH:H>H9:E:C9:CI
DC:8DCDB>8;68IDGH	>CK:HIDG9:B6C9HIG6I:<>:H6C9DI=:G:MI:GC6A8DC9>I>DCHI=6IB6N8=6C<:DK:GI=:A>;:D;I=:JC9:GAN>C<
AD6CH	I=:A:K:AD;A>67>A>IN;DGBDGI<6<:AD6CG:EJG8=6H:ADHH:H>H9>;;>8JAIID:HI>B6I:6C9G:FJ>G:H8DCH>9:G67A:B6C6<:B:CI
?J9356?BB549D!?CC5CT-=:6AADL6C8:;DG8G:9>IADHH:H8DCH>9:GHI=:=>HIDG>86AADHH:ME:G>:C8:	8JGG:CI8DC9>I>DCH	
6C9G:6HDC67A:6C9HJEEDGI67A:;DG:86HIH-D:HI>B6I::ME:8I:9AD6C6C9A:6H:ADHH:HJC9:GI=:JGG:CIME:8I:9G:9>I%DHH:H
%B:I=D9DADB:=DG>ODC	<:C:G6AAN768@IDI=:;DJGI=FJ6GI:GD;

	
I=JH86EIJG>C<BDHID;I=::8DCDB>87JH>C:HH8N8A:L=>8=>C8AJ9:HI=: G:6I+:8:HH>DC6C9I=:HJ7H:FJ:CIG:8DK:GNL=>8=
HJEEDGIH;JAAA>;:I>B:ADHH:H%G:FJ>G:HDJGAD6CEDGI;DA>DID7:H:CIDEDDAH76H:9DCH>B>A6GG>H@8=6G68I:G>HI>8H
)DDA:9AD6CH6C9A:6H:H6G:8DAA:8I>K:AN:K6AJ6I:9JH>C<:>I=:G68D=DGI8JBJA6I>K:ADHHG6I:B:I=D9DADI>DCB6IG>M
76H:9EGD767>A>IND;9:;6JAI)ADHH<>K:C9:;6JAI% B:I=D9DAD:L>C<6AAAD6CH6C9A:6H:HDK:G6;>M:9
9DAA6G6BDJCI
	


L=:G:I=:>CI:GC6A8G:9>IFJ6A>INH6IDG7:ADL6
EG:9:I:GB>C:98A6HH>;>86I>DC	8DCH>9:G>C<68IJ6A6C96CI>8>E6I:9ADHH:ME:G>:C8:	8JGG:CI:8DCDB>8:K:CIH>CHE:8>;>8>C9JHIG>:H	
6C9DI=:GE:GI>C:CI;68IDGH>C8AJ9>C<<:C:G6A:8DCDB>88DC9>I>DCH:I:GB>C6I>DCD;I=:6AADL6C8:>H>C=:G:CIANHJ7?:8I>K:6H>I
G:FJ>G:HH>;>86CI:HI>B6I:H6C969?JHIB:CIHID=>HIDG>86AADHHG6I:HID86EIJG:9>;;:G:C8:HI=6IB6N:M>HI7:IL::C8JGG:CI6C9
=>HIDG>86A8DC9>I>DCH	>C8AJ9>C<8DCH>9:G6I>DCD;:8DCDB>8G>H@L=>8=>H<:C:G6AANG:;A:8I:9>C6;DG:86HI69?JHIB:CI	HE:8>;>8
>C9JHIGNG>H@6C98DC8:CIG6I>DCG>H@	6AAD;L=>8=B6N7:HJH8:EI>7A:IDH>;>86CI6C9JC;DG:H::C8=6C<:H0:G:K>:LI=:AD6C
6C9A:6H:EDGI;DA>DHID>9:CI>;N7DGGDL:GHI=6IB><=I9:K:ADE;>C6C8>6AEGD7A:BH6C9IDB>I><6I:ADHH:H(JG6AADL6C8:;DGAD6C
6C9A:6H:ADHH:H>HEGDK>9:9;DG7N9>G:8I8=6G<:HIDI=:EGDK>H>DC;DG8G:9>IADHH:HDCI=:DCHDA>96I:9,I6I:B:CIHD;"C8DB:
%DHH:HDCAD6CH6C9A:6H:H6G:8=6G<:96<6>CHII=:6AADL6C8:6C9A>@:L>H:	G:8DK:G>:H9JG>C<I=:E:G>D9;DGEG>DGADHH:H6G:
8G:9>I:9IDI=:6AADL6C8:0:JI>A>O:H>B>A6GEGD8:HH:HID:HI>B6I:DJGA>67>A>IN;DG8G:9>IADHH:HDCJC;JC9:9AD6C8DBB>IB:CIH
L=>8= >H >C8AJ9:9 >C 88GJ:9 ME:CH:H 6C9 (I=:G %>67>A>I>:H DC I=: DCHDA>96I:9 ,I6I:B:CIH D; >C6C8>6A )DH>I>DC 6C9 >H
EGDK>9:9;DG7N9>G:8I8=6G<:HIDI=:EGDK>H>DC;DGJC;JC9:9AD6C8DBB>IB:CIHAD86I:9>C)GDK>H>DC;DGG:9>I%DHH:HDCI=:
DCHDA>96I:9,I6I:B:CIHD;"C8DB:,::)6GI""	"I:B	>C6C8>6A,I6I:B:CIH6C9,JEEA:B:CI6GN6I6T'DI:D;I=:'DI:H
IDDCHDA>96I:9>C6C8>6A,I6I:B:CIH;DG699>I>DC6A>C;DGB6I>DCDCB6C6<:B:CIXH:K6AJ6I>DCD;I=:6AADL6C8:;DG8G:9>IADHH:H
0:E:G;DGB6I=DGDJ<=6C6ANH>HD;8=6G<:
D;;H	CDC
E:G;DGB>C<6HH:IA:K:AH	HE:8>6A6II:CI>DCDJIHI6C9>CCFJ:C8NID
G:K>:LEDGI;DA>DIG:C9H	>C8AJ9>C<HE:8>;>8>C9JHIGNG>H@H6C9:8DCDB>88DC9>I>DCH	L=>8=B6N=6K:6C>BE68IDCI=:6AADL6C8:
6C9 6AADL6C8: G6I>DH 6EEA>:9 ID K6G>DJH EDGI;DA>DH 0: 69?JHI I=: 86A8JA6I:9 =>HIDG>86A
76H:9 G6I>D 76H:9 DC 6C6ANH>H D;
:CK>GDCB:CI6A;68IDGH	EG>C8>E6AANHE:8>;>8>C9JHIGNG>H@	8DAA6I:G6AG>H@	6C98DC8:CIG6I>DCG>H@	6ADC<L>I=86C9
EDA>I>86A >HHJ:H (JG ;DG:86HI 69?JHIB:CI >C8AJ9:H @:N :8DCDB>8 ;68IDGH 6;;:8I>C< DJG EDGI;DA>DH HJ8= 6H C 8 EGD9J8I	 JC:BEADNB:CI G6I:H	 =DJH>C< B6G@:I IG:C9H	 8DBBD9>IN EG>8:H	 6C9 >C;A6I>DC DG:86HIH 6G: 9>;;>8JAI ID
:HI67A>H=6C9I=:8JGG:CI:CK>GDCB:CIEG:H:CIHDCC<8=6AA:C<:H-=:9DB:HI>8:8DCDB>8DJIADD@G:B6>CHJC8:GI6>C6B>9
H=>;I>C<IG69:I6G>;;EDA>8>:H	HI>AA
:A:K6I:9>C;A6I>DC6C9>CI:G:HIG6I:H	HD;I:C>C<A67DG8DC9>I>DCH	H>C<H:CI>B:CI	6C9=:><=I:C:9<:DEDA>I>86AG>H@H )CG:8:CIFJ6GI:GH	>CA6G<:
E6GI 9J: ID ;GDCI AD69>C< D; >CK:CIDGN EJG8=6H:H >C EG:E6G6I>DC ;DG I=: >BEA:B:CI6I>DC D; I6G>;;H !DL:K:G	 HJ7HI6CI>6A
=:69L>C9HG:B6>C>CI=:;DGL6G9DJIADD@.C8:GI6>CIN>H:A:K6I:9<>K:C7GD69:C>C<8IH6C9H>;>86CIEDA>I>86A
H=>;IH9DB:HI>86AAN6C9>CI:GC6I>DC6AAN.,I6G>;;EDA>8NG:B6>CH;AJ>9	L=>8==6H8G:6I:9KDA6I>A>IN>CI=:DE:G6I>C<768@9GDE
;DGDJG7DGGDL:GH6C9B6G@:IHDAA6I:G6AK6AJ:H6G:H>;>86CIIDJC9:GLG>I>C<DJGHE:8>6AIN;>C6C8:EDGI;DA>DH6C9I=:G:>H
=:><=I:C:9EDI:CI>6A;DG;JIJG:EDA>8N8=6C<:HID>BE68I6HH:IK6AJ6I>DCH&6C6<:B:CI86CCDIEG:9>8II=:I>B>C<DGB6IJ9:
D; ;JIJG: EDA>8N 8=6C<:H 7JI 68I>K:AN BDC>IDGH 9:K:ADEB:CIH 6C9 69?JHIH JC9:GLG>I>C<	 >C8AJ9>C< 6BDGI>O6I>DC 6C9 9DLC
E6NB:CIG:FJ>G:B:CIH	6H8DC9>I>DCH:KDAK:DC8:CIG6I>DCG>H@>H>BE68I:9EG>B6G>AN7N<:D88DC8:CIG6I>DC>CCDGI=:GC
"C9>6C6 6C9 HDJI=L:HI:GC &>8=><6C >C DJG 7JH>C:HH 76C@>C< 6C9 8DBB:G8>6A G:6A :HI6I: EDGI;DA>DH 6C9 7N 8DAA6I:G6A
8DC8:CIG6I>DC>CDJGHE:8>6AIN;>C6C8:EDGI;DA>DH

Q
,+

DGB
$

0:>C8AJ9:6;68IDG;DGH@>CDJG6C6ANH>H0=>A:9>;;>8JAIIDEG:9>8IL>I=EG:8>H>DC	H@HB6N69K:GH:AN>BE68I
DJG 7DGGDL:GH	 L:6@:C>C< I=:>G 67>A>IN ID G:E6N I=:>G ;>C6C8>6A D7A><6I>DCH -=: C< <=HDK:G:>H86AKJAC:G67>A>I>:H	G>H>C<EGDI:8I>DC>HB6C9IG69:I:CH>DCH	6C9HI>AA
:A:K6I:9
>CI:G:HIG6I:H6C9>C;A6I>DC AD76A<:DEDA>I>86AJC8:GI6>CIN>BE68IHI=:DJIADD@6C9K6G>DJHDCC<;DG:>8IH>CIGD9J8:
9DLCH>9: G>H@ -G69: I:CH>DCH 6G: G>H>C< L=>8= >C8G:6H:H I=: EDI:CI>6A ;DG HJEEAN 8=6>C 9>HGJEI>DCH -:GGDG>HB G:B6>CH 6
E:GH>HI:CI8DC8:GC6C9G>H@HD;686I6HIGDE=>8:K:CI6G::A:K6I:9"CG6O>A6C9&:M>8D	L=:G:L:=6K:6EG:H:C8:L>I=DJG
6>G8G6;IA:C9>C<	I=:G:6G:8DC8:GCHL>I=9:I:G>DG6I>C<:8DCDB>8HI:CI>C;A6I>DC6C9=><=>CI:G:HIG6I:H	
6C9ADC<
HI6C9>C<HIGJ8IJG6A>HHJ:H>C8AJ9>C<>C8DB:>C:FJ6A>IN	EDK:GIN	6C98G>B:"C;A6I>DCG:B6>CH6=:69A>C:8DC8:GC>C
G6O>AL=:G:8:CIG6A 76C@ G6I:H 6G: 8JGG:CIAN 6I 6 C:6GAN ILD
9:869:=><=	6C96=:6KNEJ7A>89:7I7JG9:CEG:HHJG:H ;>H86A
EDA>8N&:M>8D>H;68>C<EGDHE:8IHD;L:6@:C:9:8DCDB>8C;A6I>DC	6C9DCC<.,IG69:I:CH>DCH
-=:;DAADL>C<9>H8JHH>DC;D8JH:HDCG:A:K6CI:8DCDB>88DC9>I>DCH6C9K6G>DJH8>G8JBHI6C8:H>BE68I>C<I=::8:B7:G	

6AADL6C8:;DGAD6C6C9A:6H:ADHH:HD;:68=D;DJGAD6C6C9A:6H:H:C8G:6H:9N:6G
DK:G
N:6G9J:IDBD9:HIAD6C6AAND;;H:I7N6HA><=I
9:8A>C:>CHE:8>6A6II:CI>DC76A6C8:HL=>8=86GGN=><=:GG:H:GK:H	6C9ADL:G=>HIDG>86AADHHG6I:HL>I=>CI=:EDGI;DA>DEG>DGIDI=:
>BE68I D; I=: ;DG:86HI 69?JHIB:CI &JAI>EA: >C9JHIG>:H 6G: G:EG:H:CI:9 >C I=: 8DBB:G8>6A 6C9 68JAIJG6A EDGI;DA>D 6C9 I=:
DJIADD@;DGI=:EDGI;DA>DG:B6>CHC:HH:HG:B6>C8=6AA:C<:9ID67HDG7HI>AA
:A:K6I:9>CI:G:HIG6I:H	=><=:G8DHI
D;86E>I6A	8DBE:I:;DGA67DG	6C98DCIGDA:ME:CH:H"CDJGJC9:GAN>C<>C9JHIG>:H	L=DA:H6A:GH=6K:<:C:G6AANE:G;DGB:9L:AA	
L=>A:B6CJ;68IJG:GHG:B6>CJC9:GEG:HHJG:-=:G:8G:6I>DC6AK:=>8A:>C9JHIGN	L=>8=>H8:CI:G:9>CDJG;DDIEG>CI	8DCI>CJ:HID
HIGJ<I=ADL9:B6C96H>IC6K><6I:H6H=6GEEJAA768@;GDBG:8DG9=><=H=>EB:CIA:K:AHG:68=:9>C
-=:DJIADD@;DG

G:;A:8IHDCC<L:6@9:B6C96C9DCANBD9:HI>BEGDK:B:CI6H8DBE6G:9ID
)G:HHJG:H>CI=:68JAIJG6AH:8IDG
G:B6>C:K>9:CI	6AI=DJ<=C9>9;>C9HDB:;DDI>C<>C
6;I:G:ME:G>:C8>C<H=6GE9:8A>C:HI=:EG:K>DJHN:6G=6G<:
D;;
G6I:H>CI=:8DBB:G8>6A6C968JAIJG6AEDGI;DA>DL:G:BD9:HI>C
6C98G:9>IFJ6A>ING:B6>CH688:EI67A:	7JIL:8DCI>CJ:ID
H:::A:K6I:9HE:8>6A6II:CI>DC68I>K>INL>I=>CI=:EDGI;DA>D	E6GI>8JA6GAN>CHB6AA9DAA6G688DJCIH
 ( 1&   ( ,"3 S (JG 6AADL6C8: >C8G:6H:9 EG>B6G>AN 9J: ID AD6C I= 6 HA><=I >C8G:6H: >C FJ6A>I6I>K:
69?JHIB:CIHID699G:HH8=6C<:H>CI=:G:GDCB:CI6EEA>867A:IDI=:EDGI;DA>D(JGG:C:L67A::C:GC6I:AN
HDA6GEDGI;DA>D8DCI>CJ:HIDE:G;DGBL:AA GDLI=DEEDGIJC>I>:H67DJC96C9DK:G6AA8G:9>IFJ6A>ING:B6>CHHDA>9+>H@H>C8AJ9:
8DCHIGJ8I>DC6C99:K:ADE:GG:A6I:9G>H@H6C99:A6NH	H>I:>HHJ:H	8A>B6I:6C9L:6I=:GG>H@H	G:II>C<
>HHJ:H	6HL:AA6HJI>A>IN>CI:G8DCC:8I>DC9:A6NH&6IJG>ING>H@6C9G:;>C6C8>C<8DHIH6G::A:K6I:9<>K:CI=::A:K6I:9>CI:G:HIG6I:
:CK>GDCB:CI-D96I:	L:=6K:CDI>C8JGG:96CNADHH:H>CI=>HEDGI;DA>D6C98G:9>IE:G;DGB6C8:8DCI>CJ:HID7:;6KDG67A:
/.)(&$"#..,/%S-=:EG>B6GN6JIDG:CI6AH:<=IIGJ8@EDGI;DA>DG:B6>CHJC9:GHIG:HH6HI=:>C9JHIGN
HIGJ<I=DK:G86E68>IN	=><=:GK:=>8A:EG>8:H	:A:K6I:9>CI:G:HI8DHIH	6C9L:6@G:CI6AG6I:H(JG6AADL6C8:>C8G:6H:99J:ID
=><=:GHE:8>6A6II:CI>DC76A6C8:H	L=>8=6G:G:H:GK:96I=><=:GG6I:H	6C>C8G:6H:>C=>HIDG>86AADHHG6I:H	6C96C>C8G:6H:>C
FJ6A>I6I>K:69?JHIB:CIHID699G:HH8DCI>CJ:9:A:K6I:9G>H@L>I=>CI=:6JIDG:CI6AH:C:>CAD6C76A6C8:HL>I=>C
I=:EDGI;DA>D>HA6G<:AN9J:ID7DGGDL:GHX9:
;A::I>C<68I>K>IN>CI=:6JIDG:CI6AH:ING:9>IFJ6A>IN
L:6@:C:9;DG6H:8DC98DCH:8JI>K:N:6G>CI=:6JIDG:CI6AH:CFJ:C8N6C9CDC
E:G;DGB>C<G6I:H>C8G:6H:9
N:6G
DK:G
N:6G0=DA:H6A:JH:9K:=>8A:EG>8:H=6K:=:A9JE7:II:GI=6C>CE6HI>C9JHIGN9DLCIJGCH6C9HI67A:6HH:IK6AJ6I>DCH	
6ADC<L>I=I><=I:GJC9:GLG>I>C<HI6C96G9H	=6K:A>B>I:98=6G<:
D;;:MEDHJG:H(K:G6AA	L=DA:H6A:K:=>8A:EG>8:H:C9:9I=:N:6G
G:A6I>K:AN HI67A: 6C9 G:B6>C 67DK: I=: ADC<:G
I:GB K6AJ6I>DC IG:C9 A>C: ,DB:L=6I BJI:9 DG><>C6A :FJ>EB:CI
B6CJ;68IJG:GHX U(&V EGD9J8I>DC KDAJB:H =6K: 6AHD A>@:AN EGDK>9:9 EG>8>C< HJEEDGI ID JH:9 K:=>8A: B6G@:IH -=: 6JID
A:6H>C< H:C 
 6C9 I=: EDGI;DA>D 8DCI>CJ:H ID :M=>7>I HI67A: 8G:9>I FJ6A>IN 6C9 ADL 9:A>CFJ:C8N
%:6H>C< 8JHIDB:GH A:6H: ID 6JID G:CI6A 8DBE6C>:H 6H L:AA 6H DI=:G 8DBB:G8>6A :CI>I>:H (JG 6JID A:6H>C< EDGI;DA>D >H
8DC8:CIG6I:9 >C A6G<:G 8A>:CI :MEDHJG:H 0: G:B6>C 9>A><:CI >C DJG JC9:GLG>I>C<	 H:II>C< G:H>9J6A K6AJ:H 6EEGDEG>6I:AN 6C9
BDC>IDG>C<;A::IB>M<>K:CI=:EDI:CI>6A;DGKDA6I>A>IN>CK:=>8A:EG>8:H
 $/' ( # 03 /.3 .,/% S -=: EDGI;DA>DXH 6AADL6C8: 9:8G:6H:9 9J: ID ADL:G AD6C 76A6C8:H -=: >C9JHIGN G:B6>CH
8=6AA:C<:97NDK:G86E68>IN	7JI;G:><=IG6I:H6EE:6GID7:HI67>A>O>C<-=>HEDGI;DA>D=6H=>HIDG>86AAN7::C676GDB:I:G;DGDK:G6AA
:8DCDB>8L:6@C:HH6C9I=:>C9JHIGN=6H:ME:G>:C8:9H:K:G6A=><=
EGD;>A:86GG>:G76C@GJEI8>:H6C9<:C:G6AAN9>;;>8JAI8DC9>I>DCH
DK:GI=:A6HIH:K:G6AN:6GH"CEG:K>DJH9DLCIJGCH	HB6AA8DBE6C>:H6C9>C9:E:C9:CIDLC:G
DE:G6IDGHL:G:=>II=:=6G9:HI6C9
6HH:IK6AJ6I>DCHL:G:EG:HHJG:9HH:IK6AJ6I>DCH=6K:L:6@:C:9>CI=:H:9CDI>C8JG6CN8G:9>IADHH:H>CI=:
EDGI;DA>D9JG>C<I=:E:G>D9

Q
,+

DGB
$

$,,!. S -=: EDGI;DA>DXH 6AADL6C8: 9:8G:6H:9 6H L: :ME:G>:C8:9 6 BD9:HI 9:8A>C: >C AD6C 76A6C8:H N:6G
DK:G
N:6G >C DJG
9DB:HI>8 6>G8G6;I H:A: C DJG ;DG:>G8G6;I H:6AAN ;A6I G:9>I FJ6A>IN B:IG>8H G:B6>C
HI67A:>G8G6;I8DAA6I:G6AK6AJ:H	E6GI>8JA6GANI=DH:>CDJGC>8=:	HIG:C9:G67AN:6GAN>CI=>H:8DCDB>88N8A:7JI
=6K: A:K:A:9 D;; L>I= BDG: 6K6>A67A: >CK:CIDGN -=: EDGI;DA>D =6H B6>CI6>C:9 HI67A: 8G:9>I FJ6A>IN >C G:8:CI N:6GH	 7JI L6H
6BDC<I=:H:8IDGH6;;:8I:9BDHI7NI=:HAJ<<>H=:8DCDBN;DAADL>C<I=: G:6I+:8:HH>DC0::ME:G>:C8:9B>C>B6AADHH>CI=:
EDGI;DA>DI=>HN:6G	7JIDJGEDGI;DA>DADHH=>HIDGN=6H:ME:G>:C8:9E6HIKDA6I>A>IN	8=6G68I:G>O:97NA:CD9HD;B>C>B6A
ADHH:H DG BD9:HI G:8DK:G>:H ;DAADL:9 7N H=DGI >CI:GK6AH D; =><= ADHH:H "C I=>H EDGI;DA>D	 L: =6K: 
 B>AA>DC D; ;DG:>B6G>AN9DB>8>A:9>C&:M>8D6C9G6O>AG6O>AXH:8DCDBNG:B6>CH7JG9:C:97N=><=HDK:G:><=>CI:G:HIG6I:H&:M>8DXH:8DCDB>8H:ME:8I:9ID7:HDB:L=6IL:6@6H>IB6C6<:HI=GDJ<=DCC<.,IG69:
I:CH>DCH!:6KN>C9:7I:9C:HH6C9;>C6C8>6AEGD7A:BHL>I=HI6I:
DLC:9D>A;>GB):B:M6G:6CDCC<8DC8:GC;DG&:M>8DXH
7GD69:GDC :FJ>EB:CI EDGI;DA>D G:EDGI:9 BDG: BJI:9 AD6C C 
	 8DBE6G:9 ID
G:A6I>K:AN=><=CEG:K>DJHN:6GHH>C8:I=::C9D;I=:E6C9:B>8-=:6AADL6C8:9:8G:6H:L6HEG>B6G>AN9G>K:C7N6
G:9J8I>DC >C FJ6A>I6I>K: ;68IDGH ;DG :A:K6I:9 EGD7A:B AD6C 68I>K>IN >C I=: H:BEGDK>C< 8G:9>I FJ6A>IN IG:C9H
"C;G6HIGJ8IJG:HE:C9>C<8DCI>CJ:HID=6K:6EDH>I>K:>BE68IDCB6CN8DCIG68IDGHL>I=>CI=:H:IFJ6A>IN<:C:G6AAN
>BEGDK:96H9:A>CFJ:C8NG6I:HL:G:BJI:9	HE:8>6A6II:CI>DC76A6C8:H	L=>8=6G:G:H:GK:96I=><=:GG6I:H	:C9:9I=:N:6GADL:G
6C9CDC
E:G;DGB>C<76A6C8:H6AHD9:8A>C:9-=:EDGI;DA>D=6H:ME:G>:C8:9HDB::A:K6I:9ADHH68I>K>IN>CG:8:CIN:6GHL=>8==6H
7::C HJ88:HH;JAAN B>I><6I:9	 68=>:K>C< ;6>GAN =><= G:8DK:GN G6I:H L>I= I>B: -=:G: >H DCC< 8DC8:GC ;DG 8DCHIGJ8I>DC
8DCIG68IDGH6HI=:EDGI;DA>D>H>C=:G:CIANKJAC:G67A:ID:C:G8:KDA6I>A>IN	=><=>CI:G:HIG6I:H	6C98=6C<:H>CI=:G:GDCB:CIDCHIGJ8I>DCEGD?:8IH86C=6K:JC@CDLC8DHIHDG9:A6NH6C9A6G<:EGD?:8IG>H@>H:K:G
EG:H:CI/DA6I>A::C:G6AEG>8:H8G:6I:9>;;>8JAI>:H;DG8DHIHIGJ8IJG:H>C6C>C9JHIGNI=6ID;I:CDE:G6I:HJC9:GADC<:G
I:GB8DCIG68IH
A68@>C< 69:FJ6I: 8DHI :H86A6IDGH ,=>;I>C< IG69: EDA>8>:H 699 JC8:GI6>CIN	 EDI:CI>6AAN >C8G:6H>C< G6L B6I:G>6A 6C9 :FJ>EB:CI
8DHIH!>HIDG>86AAN	L:=6K::ME:G>:C8:9A:HHKDA6I>A>IN>CI=>HEDGI;DA>DI=6CI=:7GD69:G>C9JHIGN6HADHH:H=6K:7::CB>I><6I:9
7N6EEGDEG>6I:JC9:GLG>I>C<6C96DC:FJ>EB:CI
)'' ,$&, & -.. S,>B>A6GIDI=:8DBB:G8>6AEDGI;DA>D	DJG8DBB:G8>6AG:6A:HI6I:AD6CH6G:8DC8:CIG6I:9>CDJGAD86A
B6G@:I L>I= AD86A 8JHIDB:GH 6AI=DJ<= L: 9D ;JC9 H:A:8I EGD?:8IH DJIH>9: DJG B6G@:I L>I= BJAI>
HI6I: 9:K:ADE:GH I=6I 6G:
=:69FJ6GI:G:9 >C DJG ;DDIEG>CI -=: 6AADL6C8: >C8G:6H: L6H 9J: ID AD6C C 7DI= DLC:G 6C9 CDC
DLC:G
D88JE>:9
H:CJ: ID BDC>IDG 8DCHIGJ8I>DC G>H@ 6C9 B6IJG>IN G:EG>8>C< G>H@ >C I=: :A:K6I:9 >CI:G:HI G6I: :CK>GDCB:CI
EEGDM>B6I:AN  D; I=: 6C@XH :MEDHJG: >C I=>H EDGI;DA>D >H ;GDB DLC:G
D88JE>:9 ;68>A>I>:H L=:G: L: 6G: I=: EG>B6GN
G:A6I>DCH=>E 76C@ ;DG DJG 8A>:CIH ,E:8>6A 6II:CI>DC 68I>K>IN >C 7DI= I=: DLC:G
D88JE>:9 6C9 CDC
DLC:G
D88JE>:9 H:CHBD9:HIL>I=<:C:G6AANHI67A:8G:9>IFJ6A>IN0:=6K:H::CA>B>I:9:K>9:C8:D;HADLA:6H:
JE6C9G:CI6AG6I:EG:HHJG:H>C
H:A:8I B6G@:IH >C I=: BJAI>
;6B>AN H::L:9 DJG FJ6A>I6I>K: 69?JHIB:CIH 6H D; N:6G
:C9 6C9 B69: HA><=I
69?JHIB:CIHID6;68IDG699G:HH>C<>CI:G:HIG6I:B6IJG>ING>H@6C96HA><=I>C8G:6H:IDDJG8DCHIGJ8I>DCG>H@;68IDG6HI=:AD6C
KDAJB:D;EGD?:8IHJC9:G8DCHIGJ8I>DCG:B6>CH=><=:GI=6CEG>DGE:G>D9H
 -$ (.$&, & -.. (#)'  +/$.3S(JGG:H>9:CI>6AG:6A:HI6I:6C9=DB::FJ>INEDGI;DA>D8DCH>HIHD;AD6CHID>C9>K>9J6AH>C
I=:8DBBJC>I>:HL:H:GK:-=:6AADL6C8:>C8G:6H:99J:IDAD6C9:CI>6ABDGI<6<:AD6CH6G:DG><>C6I:9
JH>C<HI6C96G9HI=6IG:HJAI>CH6A67A:BDGI<6<:H!DB::FJ>INAD6CH6G:6AHD69K6C8:9>C8DBEA>6C8:L>I=G:9:A>C:H
6C9I=:6C@XH8G:9>IEDA>8N%DHH:H>CI=:H:EDGI;DA>DH=6K:7::C>BB6I:G>6AH>C8:
*J6A>I6I>K:;68IDGH>CI=:EDGI;DA>D6G:
EG>B6G>AN;DGG:6HDC67A:6C9HJEEDGI67A:;DG:86HIH	6AI=DJ<=L:B6>CI6>C6C69?JHIB:CIID688DJCI;DG6C:A:K6I:96BDJCID;
CDC
H6A67A:69?JHI67A:
G6I:BDGI<6<:H>CI=:AD6CB>ML>I=G:EG>8>C<G>H@6IB6IJG>IN
)(-/' ,S(JG8DCHJB:GAD6CEDGI;DA>D8DCH>HIHD;AD6CHID>C9>K>9J6AH>CI=:8DBBJC>I>:HL:H:GK:-=>HEDGI;DA>D8DCH>HIH
EG>B6G>AND;AD6CHH:8JG:97N6JIDHL>I=69K6C8:H>C8DBEA>6C8:L>I=I=:6C@XHJC9:GLG>I>C<HI6C96G9H-=:6AADL6C8:L6H
B>C>B6AAN 8=6C<:9 N:6G
DK:G
N:6G 6H ADL:G AD6C 76A6C8:H L:G: D;;H:I 7N =><=:G =>HIDG>86A ADHH G6I:H >C I=: EDGI;DA>D
:A>CFJ:C8N G6I:H G:B6>C B6C6<:67A: 7JI 6G: IG:C9>C< JEL6G9 %DHH G6I:H L:G: BD9:HI ;GDB 
 I=GDJ<= I=: :C9 D; I=:
E6C9:B>8	7JIL:=6K::ME:G>:C8:9=><=:GLG>I:
9DLCH>C:68=D;I=:A6HII=G::N:6GH0:G:K>:LDJGFJ6A>I6I>K:69?JHIB:CIH
:68=FJ6GI:G	L=>8=EG>B6G>AN8DCH>HID;G:6HDC67A:6C9HJEEDGI67A:;DG:86HIH6C96AHD>C8AJ9:6C69?JHIB:CIID688DJCI;DG
>C8G:6H>C<9:A>CFJ:C8N6C9CDCE:G;DGB>C<68I>K>INL>I=>CI=:EDGI;DA>D
&&)1( !),&)((& - &)-- -S-=:6AADL6C8:;DGAD6C6C9A:6H:ADHH:H6I:8:B7:G	
	IDI6A:9B>AA>DC
6C9L6H
D;AD6CH6C9A:6H:H	8DBE6G:9IDB>AA>DCDGD;AD6CH6C9A:6H:H6I:8:B7:G	
6C9
B>AA>DCDGD;AD6CH6C9A:6H:H6I:8:B7:G	
"I>HDJGDE>C>DCI=6II=:6AADL6C8:;DGAD6C6C9A:6H:
ADHH:HL6H6EEGDEG>6I:ID67HDG78JGG:CI:ME:8I:98G:9>IADHH:H>C=:G:CI>CI=:AD6C6C9A:6H:EDGI;DA>D6HD;:8:B7:G	

=6G<:
D;;H;DGAD6C6C9A:6H:ADHH:HL:G:
B>AA>DC;DG
	8DBE6G:9IDB>AA>DC;DG
6C9B>AA>DC;DG

 )G>B6G>AN G:;A:8I>K: D; AD6C 6C9 A:6H: K: ;DG:86HI 69?JHIB:CIH	 L: 699:9 
 B>AA>DC ID I=:
EGDK>H>DC;DG8G:9>IADHH:HDCAD6CH6C9A:6H:H;DG
	8DBE6G:9ID6EGDK>H>DCD;B>AA>DC;DG
6C96EGDK>H>DCD;
B>AA>DC;DG


Q
,+

DGB
$

-=:;DAADL>C<I67A:HJBB6G>O:HDJGAD6C6C9A:6H:ADHH:ME:G>:C8:;DG:68=D;I=:A6HII=G::N:6GH:C9:9:8:B7:G

!#$ %!&$ $









BDJCIHD;AD6CH6C9A:6H:HDJIHI6C9>C<6I:C9D;E:G>D9
	
	
		

		

K:G6<:6BDJCID;C:IAD6CH6C9A:6H:HDJIHI6C9>C<9JG>C<E:G>D9
		
		
	
	
BDJCID;JC;JC9:9AD6C8DBB>IB:CIH6I:C9D;E:G>D9
	
	
		
		

6A6C8:D;6AADL6C8:;DGAD6C6C9A:6H:ADHH:H6I7:<>CC>C<D;E:G>D9
 	

 	
 	
=6G<:
D;;H
DBB:G8>6A6C968JAIJG6A

	


	

	

+:C:L67A::C:G<=IIGJ8@

	





&:9>JB6C9=:6KN9JINIGJ8@

T

T

T
>G8G6;I





T
DCHIGJ8I>DC:FJ>EB:CI

	


	


DBB:G8>6AG:6A:HI6I:



T


+:H>9:CI>6AG:6A:HI6I:6C9=DB::FJ>IN







DCHJB:G

	

	

	
-DI6A8=6G<:
D;;H

	



	


	
+:8DK:G>:H
DBB:G8>6A6C968JAIJG6A






+:C:L67A::C:G<=IIGJ8@

	


	

	
&:9>JB6C9=:6KN9JINIGJ8@

T

T


>G8G6;I



	


DCHIGJ8I>DC:FJ>EB:CI



	



	
DBB:G8>6AG:6A:HI6I:







+:H>9:CI>6AG:6A:HI6I:6C9=DB::FJ>IN






DCHJB:G






-DI6AG:8DK:G>:H

	


	


	

':I8=6G<:
D;;HG:8DK:G>:H

	


	

	
)GDK>H>DC;DG8G:9>IADHH:H
AD6CH6C9A:6H:H


	

	

	
6A6C8:D;6AADL6C8:;DGAD6C6C9A:6H:ADHH:H6I:C9D;E:G>D9
 	
 	

 	
6A6C8:D;A>67>A>IN;DGJC;JC9:9AD6C8DBB>IB:CIH6I7:<>CC>C<D;E:G>D9

	

	

	
)GDK>H>DCG:8DK:GND;EGDK>H>DC;DG8G:9>IADHH:H
JC;JC9:9AD6C8DBB>IB:CIH

	



	

	
6A6C8:D;A>67>A>IN;DGJC;JC9:9AD6C8DBB>IB:CIH6I:C9D;E:G>D9

	


	

	
HH:I*J6A>IN+6I>DH
':I8=6G<:
D;;HG:8DK:G>:HID6K:G6<:C:IAD6CH6C9A:6H:HDJIHI6C9>C<









AADL6C8:;DGAD6C6C9A:6H:ADHH:HIDC:IAD6CH6C9A:6H:HDJIHI6C9>C<:C9D;E:G>D9




%>67>A>IN;DGJC;JC9:9AD6C8DBB>IB:CIHIDJC;JC9:9AD6C8DBB>IB:CIH:C9D;E:G>D9






AADL6C8:;DGAD6C6C9A:6H:ADHH:H6C9A>67>A>IN;DGJC;JC9:9AD6C8DBB>IB:CIHIDC:IAD6CH6C9A:6H:H
DJIHI6C9>C<6C9JC;JC9:9AD6C8DBB>IB:CIH:C9D;E:G>D9




+:EG:H:CIHCDC86C8:A67A:8DBB>IB:CIH
-=:;DAADL>C<I67A:H=DLHC:I8=6G<:
D;;HG:8DK:G>:H6H6E:G8:CI6<:D;6K:G6<:AD6CH6C9A:6H:H7NEDGI;DA>DINE:









DBB:G8>6A6C968JAIJG6A





+:C:L67A::C:G<=IIGJ8@







&:9>JB6C9=:6KN9JINIGJ8@
T
T
T
>G8G6;I








DCHIGJ8I>DC:FJ>EB:CI








DBB:G8>6AG:6A:HI6I:









+:H>9:CI>6AG:6A:HI6I:6C9=DB::FJ>IN









DCHJB:G







-DI6AC:I8=6G<:
D;;HG:8DK:G>:HID6K:G6<:EDGI;DA>DAD6CH6C9A:6H:H










Q
,+

DGB
$

-=: 6AADL6C8: ;DG AD6C 6C9 A:6H: ADHH:H =6H 7::C 6AAD86I:9 688DG9>C< ID I=: 6BDJCI 9::B:9 C:8:HH6GN ID EGDK>9: ;DG I=:
:HI>B6I:98JGG:CI:ME:8I:98G:9>IADHH:H-=:;DAADL>C<I67A:H=DLHI=:6BDJCID;HJ8=8DBEDC:CIHD;I=:6AADL6C8:;DGAD6C
6C9A:6H:ADHH:H6I:8:B7:G6C9I=:G6I>DD;HJ8=AD6C6C9A:6H:86I::HIDIDI6ADJIHI6C9>C<AD6C6C9A:6H:76A6C8:H







!#$ %!&$ $
<35
=?E>D
%5B35>D175?6
!?1>C1>4!51C5C
9>1381D57?BI
D?)?D1<!?1>C
1>4!51C5C
<35
=?E>D
%5B35>D175?6
!?1>C1>4!51C5C
9>1381D57?BI
D?)?D1<!?1>C
1>4!51C5C
DBB:G8>6A6C968JAIJG6A

	


	

+:C:L67A::C:G<=IIGJ8@

	



	

&:9>JB6C9=:6KN9JINIGJ8@

	


	

>G8G6;I

	


	

DCHIGJ8I>DC:FJ>EB:CI

	


	

DBB:G8>6AG:6A:HI6I:

	



	

+:H>9:CI>6AG:6A:HI6I:6C9=DB::FJ>IN

	




	

DCHJB:G

	


	

-DI6A

	






	






#?>@5B6?B=9>7CC5DCT'DCE:G;DGB>C<6HH:IH>C8AJ9:AD6CHE6HI9J:DK:G
96NH	CDC688GJ6AAD6CH6C9A:6H:H	DI=:GG:6A
:HI6I:	G:EDHH:HH>DCH6C9DI=:GCDCE:G;DGB>C<6HH:IHL:DLC(JGEDA>8N>HID9>H8DCI>CJ:I=:688GJ6AD;>CI:G:HIDCAD6CH6C9
A:6H:HL=:G:EG>C8>E6ADG>CI:G:HI>HE6HI9J:6C9G:B6>CHJCE6>9;DG
96NHDGBDG:	DGL=:C6C>C9>K>9J6A6C6ANH>HD;6
7DGGDL:GXH8G:9>ILDGI=>C:HH>C9>86I:H68G:9>IH=DJA97:EA68:9DCCDCE:G;DGB>C<HI6IJH	:M8:EI;DGG:H>9:CI>6AG:6A:HI6I:6C9
=DB::FJ>INAD6CH	6C98DCHJB:GAD6CHI=6I6G:7DI=L:AAH:8JG:96C9>CI=:EGD8:HHD;8DAA:8I>DC
'DCE:G;DGB>C<6HH:IH6BDJCI:9IDB>AA>DC6I:8:B7:G	
	8DBE6G:9IDB>AA>DC6I:8:B7:G	
	
6C9B>AA>DC6I:8:B7:G	
JG>C<
	>CI:G:HI>C8DB:DCCDC688GJ6AAD6CH6C9A:6H:HLDJA9=6K:>C8G:6H:9
7N6EEGDM>B6I:ANB>AA>DC8DBE6G:9ID
B>AA>DC>C
>;I=:H:AD6CH6C9A:6H:H=69:6GC:9>CI:G:HI6II=:>G;JAA
8DCIG68IJ6AG6I:
'DCE:G;DGB>C<6HH:IH6I:8:B7:G	
>C8G:6H:9;GDB:8:B7:G	
	B6>CAN9J:ID>C8G:6H:H>CCDC688GJ6AAD6CH
6C9A:6H:H>CI=:6JIDG:CI6AH:<=IIGJ8@EDGI;DA>D	E6GI>6AAND;;H:I7NADL:GCDC688GJ6AAD6CH6C9A:6H:H
>CDJG8DCHIGJ8I>DCEDGI;DA>D+:EDHH:HH>DCH8DCH>HI:9B6>CAND;JC>IH>CI=:8DCHIGJ8I>DC:FJ>EB:CI6C98DCHJB:GEDGI;DA>DH
-=:G:>HCDDI=:GG:6A:HI6I:DLC:96HD;N:6G:C9

Q
,+

DGB
$

#?>@5B6?B=9>71CC5DC1D535=25B
!#$ %!&$ $






%D6CHE6HI9J:DK:G
96NH






'DC688GJ6AAD6CH6C9A:6H:H
DBB:G8>6A6C968JAIJG6A

	

	
+:C:L67A::C:G<=IIGJ8@

	

	

&:9>JB6C9=:6KN9JINIGJ8@

	

T
>G8G6;I

T

T
DCHIGJ8I>DC:FJ>EB:CI

	

	
DBB:G8>6AG:6A:HI6I:

	

	
+:H>9:CI>6AG:6A:HI6I:6C9=DB::FJ>IN

	

	
DCHJB:G






-DI6ACDC688GJ6AAD6CH6C9A:6H:H

	



	
-DI6ACDCE:G;DGB>C<AD6CH6C9A:6H:H

	



	
(I=:GG:6A:HI6I:

T



+:EDHH:HH>DCH
DBB:G8>6A6C968JAIJG6A



T
JID6C9A><=IIGJ8@

T

T
&:9>JB6C9=:6KN9JINIGJ8@

T

T
>G8G6;I

T

T
DCHIGJ8I>DC:FJ>EB:CI




DCHJB:G




-DI6AG:EDHH:HH>DCH




(E:G6I>C<A:6H:H



T
-DI6ACDCE:G;DGB>C<6HH:IH

	

	
'DCE:G;DGB>C<AD6CH6C9A:6H:HIDAD6CH6C9A:6H:H	C:ID;JC:6GC:99>H8DJCI




'DCE:G;DGB>C<6HH:IHIDAD6CH6C9A:6H:H6C9DE:G6I>C<A:6H:H	C:ID;JC:6GC:99>H8DJCI




DK:G6<:G6I>DD;6AADL6C8:;DGAD6C6C9A:6H:ADHH:HIDCDCE:G;DGB>C<AD6CH6C9A:6H:H





%?D5>D91< %B?2<5= !?1>C T )DI:CI>6A EGD7A:B AD6CH 8DCH>HI D; AD6CH I=6I 6G: E:G;DGB>C< 7JI ;DG L=>8= B6C6<:B:CI =6H
8DC8:GCH67DJII=:67>A>IND;67DGGDL:GID8DCI>CJ:ID8DBEANL>I=G:E6NB:CII:GBH7:86JH:D;EDI:CI>6ADE:G6I>C<DG;>C6C8>6A
9>;;>8JAI>:H&6C6<:B:CIBDC>IDGHI=:H:AD6CH8ADH:AN6C9G:K>:LHI=:>GE:G;DGB6C8:DC6G:HHD;:8:B7:G	

6C9
	L:=69
B>AA>DC6C9

B>AA>DC	G:HE:8I>K:AN	>CAD6CHD;I=>HINE:L=>8=6G:CDI>C8AJ9:9>C:>I=:GD;
I=: CDC
688GJ6A DG 
 96NH E6HI 9J: AD6C 86I::H I :8:B7:G 	 
	 EDI:CI>6A EGD7A:B AD6CH 8DCH>HI:9 D; ;>K:
G:A6I>DCH=>EH ILD G:A6I>DCH=>EH >C I=: 8DBB:G8>6A 6C9 68JAIJG6A EDGI;DA>D	 ILD G:A6I>DCH=>EH >C I=: 6JID 6C9 A><=I IGJ8@
EDGI;DA>D	6C9DC:G:A6I>DCH=>E>CI=:8DBB:G8>6AG:6A:HI6I:EDGI;DA>D0:6@C:HH>CI=:7DGGDL:GHXDE:G6I>C<E:G;DGB6C8:=6K:
86JH:9JHID<>K:=:><=I:C6II:CI>DCIDI=:H:8G:9>IH
"'/,-&'-)(+-(%"(
-=:6BDGI>O:98DHID;H:8JG>I>:H6K6>A67A:
;DG
H6A:6IN:6G
:C9
9:8G:6H:9;GDB
	;DAADL>C<69:8G:6H:
;GDBN:6G
:C9
IDN:6G
:C9
-=:6BDGI>O:98DHID;H:8JG>I>:H6K6>A67A:
;DG
H6A:6I:8:B7:G	
L6HD;
IDI6A6HH:IH	8DBE6G:9IDD;IDI6A6HH:IH6I:8:B7:G	

-=:;DAADL>C<I67A:H=DLHI=:6BDGI>O:98DHID;>CK:HIB:CIH:8JG>I>:H6K6>A67A:
;DG
H6A:6HD;:8:B7:G

!#$ %!&$ $






.,-G:6HJGN6C9:9:G6A6<:C8>:HH:8JG>I>:H

	

	
.,,I6I:H6C9EDA>I>86AHJ79>K>H>DCHH:8JG>I>:H

	

	

&DGI<6<:
768@:9H:8JG>I>:HT:9:G6A6<:C8>:H

	

	
DGEDG6I:9:7IH:8JG>I>:H





T
-DI6A9:7IH:8JG>I>:H6K6>A67A:
;DG
H6A:

		

	
	

Q
,+

DGB
$

2>:A9HDCI6M
:M:BEID7A><6I>DCH6G:86A8JA6I:9DC6;JAANI6M
:FJ>K6A:CI76H>H6HHJB>C<6I6MG6I:-=:;DAADL>C<I67A:
H=DLHI=:B6IJG>I>:HD;H:8JG>I>:H6K6>A67A:
;DG
H6A:6I:8:B7:G	
	6II=:6BDGI>O:98DHIH6C9L:><=I:96K:G6<:N>:A9H
D;HJ8=H:8JG>I>:H

!#$ %!&$ $
=?E>D
.95<4
.,-G:6HJGN6C9:9:G6A6<:C8>:HH:8JG>I>:H
.C9:GN:6G

	

SN:6GH

	

S
N:6GH

	

(K:G
N:6GH

T
T
-DI6A.,-G:6HJGN6C9:9:G6A6<:C8>:HH:8JG>I>:H

	

.,,I6I:H6C9EDA>I>86AHJ79>K>H>DCHH:8JG>I>:H
.C9:GN:6G

	


SN:6GH

	


S
N:6GH

	

(K:G
N:6GH

	


-DI6A.,,I6I:H6C9EDA>I>86AHJ79>K>H>DCHH:8JG>I>:H

	


DGEDG6I:9:7IH:8JG>I>:H
.C9:GN:6G

T
T
SN:6GH





S
N:6GH

T
T
(K:G
N:6GH

T
T
-DI6ADGEDG6I:9:7IH:8JG>I>:H





&DGI<6<:
768@:9H:8JG>I>:HT:9:G6A6<:C8>:H

	

-DI6A>CK:HIB:CIH:8JG>I>:H6K6>A67A:
;DG
H6A:

		

I:8:B7:G	
	I=:G:H>9:CI>6ABDGI<6<:
768@:9H:8JG>I>:HL:=:A98DCH>HI:9D; '&	'&6C9!%&E6HH
I=GDJ<=8:GI>;>86I:H DK:GCB:CI,EDCHDG:9CI:GEG>H:	 ,H-=:INE:D;AD6CHJC9:GAN>C<I=:H:8JG>I>:HL:G:6AA8DC;DGB>C<
AD6CH6II=:I>B:D;>HHJ6C8:-=:JC9:GAN>C< ,H768@>C<I=:H:BDGI<6<:
768@:9H:8JG>I>:H6G:G6I:966DG;GDBI=:
G6I>C<6<:C8>:HI:8:B7:G	
	I=:K>CI6<:N:6GHDG><>C6I:9D;I=:JC9:GAN>C<AD6CH8DBEG>H>C<DJGH:8JG>I>:H6G:
>CI=:N:6G
>CI=:N:6G
>CI=:N:6GH
6C9
>CI=:N:6GH

6C9
>CI=:N:6GH

6C9
>CI=:N:6GH
6C9EG>DG
)(,"-,
-=:;DAADL>C<I67A:H=DLHI=:6K:G6<:96>AN6BDJCIHD;9:EDH>IH6C9G6I:HE6>9DCHJ8=9:EDH>IH










!#$ %!&$ $
=?E>D
'1D5
=?E>D
'1D5
=?E>D
'1D5
'DC>CI:G:HI7:6G>C<9:B6C9

	
	
T

	
	


T 
		
T
"CI:G:HI7:6G>C<9:B6C9

		


		


		

,6K>CB:

		




		


		

-DI6A9:EDH>IH

		

		

		
-=:;DAADL>C<I67A:H=DLHI=::HI>B6I:9H8=:9JA:9B6IJG>I>:HD;I=:EDGI>DCD;I>B:9:EDH>IH>C.,D;;>8:H>C:M8:HHD;I=:
">CHJG6C8:A>B>I6C9I>B:9:EDH>IHI=6I6G:DI=:GL>H:JC>CHJG:9

!#$ %!&$ $
.C9:G&DCI=H

	
S&DCI=H

	

S&DCI=H

	
(K:G&DCI=H

	
-DI6A

	
,::)6GI""	"I:B	>C6C8>6A,I6I:B:CIH6C9,JEEA:B:CI6GN6I6T'DI:
D;I=:'DI:HIDDCHDA>96I:9>C6C8>6A,I6I:B:CIH
;DG699>I>DC6A>C;DGB6I>DCDC9:EDH>IH

Q
,+

DGB
$

,!(+-
-+&(++(0"' ,
-=:;DAADL>C<I67A:H=DLHI=:9>HIG>7JI>DCD;DJGH=DGI
I:GB7DGGDL>C<=I:96K:G6<:>CI:G:HIG6I:HI=:G:DC6II=:
:C9 D; :68= D; I=: A6HI ILD N:6GH AHD EGDK>9:9 6G: I=: B6M>BJB 6BDJCI D; 7DGGDL>CC<=I:96K:G6<:>CI:G:HIG6I:H;DGI=:A6HIILDN:6GH

!#$ %!&$ $
545B1<
E>4C
%EB381C54
1>4
(53EB9D95C
'5@EB381C5
7B55=5>DC
545B1<
?=5!?1>
1>;
4F1>35C
545B1<
'5C5BF5
4F1>35C
$D85B
(8?BD)5B=
?BB?G9>7C
)?D1<
?BB?G9>7C


6A6C8:6I:8:B7:G	


	


	




T

	
 	
&6M>BJB6BDJCIDJIHI6C9>C<6I6CNBDCI=
:C9

	


	




T

	

	

K:G6<:6BDJCIDJIHI6C9>C<

	



	


	

	

	
0:><=I:96K:G6<:>CI:G:HIG6I:9JG>C<I=:N:6G




T

0:><=I:96K:G6<:>CI:G:HIG6I:;DGDJIHI6C9>C<6BDJCIH6I
:8:B7:G	




T
T



6A6C8:6I:8:B7:G	


	

	






	




	
 	
&6M>BJB6BDJCIDJIHI6C9>C<6I6CNBDCI=
:C9

	


	






	




	


	

K:G6<:6BDJCIDJIHI6C9>C<

	

	



	


	

	
0:><=I:96K:G6<:>CI:G:HIG6I:9JG>C<I=:N:6G





T

0:><=I:96K:G6<:>CI:G:HIG6I:;DGDJIHI6C9>C<6BDJCIH6I
:8:B7:G	





T


JG>C< #6CJ6GN 
	 L: 7DGGDL:9 

 B>AA>DC ;GDB I=: :9:G6A +:H:GK:XH 6C@ -:GB JC9>C< )GD8HD;I=:7DGGDL>C<G:A6I>K:IDDJGDI=:G;JC9>C<HDJG8:HJG>C<#6CJ6GN
	L:G:E6>9I=:7DGGDL>C<>C;JAA
%"*.""-2')"-%+,(.+,
?B55@?C9DCT(JGB6?DGHDJG8:D;>CK:HI67A:;JC9H>HEGDK>9:97NHI67A:8DG:9:EDH>IH8DCH>HI>C<D;6AA>CI:G:HI7:6G>C<6C9
CDC>CI:G:HI 7:6G>C< 9:EDH>IH	 :M8AJ9>C< 7GD@:G:9 8:GI>;>86I:H D; 9:EDH>I	 A>HI>C< H:GK>8:H 8:GI>;>86I:H D; 9:EDH>I 6C9 8:GI6>C
8:GI>;>86I:H D; 9:EDH>I DK:G 
	


 76H:9 DC :HI67A>H=:9 " >CHJG:9 9:EDH>IH "C 
	 6K:G6<: 8DG: 9:EDH>IH :FJ6A:9
D;6K:G6<:IDI6A6HH:IH	8DBE6G:9ID>C
6C9>C
-=::;;:8I>K:G6I:D;8DG:9:EDH>IH>C

L6H
	8DBE6G:9ID>C
6C9>C

K:G6<: CDC>CI:G:HI 7:6G>C< 8DG: 9:EDH>IH 9:8G:6H:9 
 >C 
 8DBE6G:9 ID 6 9:8G:6H: D;  >C 
 -=:H:
G:EG:H:CI:9D;IDI6A8DG:9:EDH>IH>C
	8DBE6G:9ID>C
	6C9>C

%EB381C54E>4CT0:JH:EJG8=6H:9;JC9HIDHJEEA:B:CI8DG:9:EDH>IH	L=>8=>C8AJ9:8:GI6>C8:GI>;>86I:HD;9:EDH>IDK:G

	


	7GD@:G:98:GI>;>86I:HD;9:EDH>I	A>HI>C<H:GK>8:H8:GI>;>86I:HD;9:EDH>I	DK:G
C><=I7DGGDL>CI>:HHDA9JC9:G
66AE6E:G	6C9DI=:GH=DGI
I:GB7DGGDL>C8=>C8AJ9:H:9:G6A!DB:%D6C6C@6C9
:9:G6A+:H:GK:6C@7DGGDL>CH:9;GDB8JHIDB:GHH::@>C<H=DGI
I:GB>CK:HIB:CIH6C96G:JH:9ID
B6C6<:I=:6C@XH>CI:G:HIG6I:H:CH>I>K>INJG>C<
	DJGG:A>6C8:DCEJG8=6H:9;JC9H9:8G:6H:9ID
D;6K:G6<:IDI6A
6HH:IH;GDB>C

(81B58?<45BCLAE9DITK:G6<:H=6G:=DA9:GHX:FJ>IN:FJ6I:9D;6K:G6<:IDI6A6HH:IH>C
	8DBE6G:9ID
>C

,=6G:=DA9:GHX:FJ>INL6H
D;IDI6A6HH:IH6IN:6G
:C9
	8DBE6G:9ID6IN:6G
:C9
0:>C8AJ9:
JCG:6A>O:9 <6>CH ADHH:H DC 6K6>A67A:
;DG
H6A: H:8JG>I>:H	 C:I D; >C8DB: I6M:H	 >C 688JBJA6I:9 DI=:G 8DBEG:=:CH>K: >C8DB:
ADHHL=>8=>H68DBEDC:CID;H=6G:=DA9:GHX:FJ>IN0=>A:G:I6A69:FJ68NG6I>DH:M8AJ9:JCG:6A>O:9<6>CHADHH:H	
>I9D:H>BE68IDJG:FJ>IN6HG:EDGI:9>CI=:6J9>I:9;>C6C8>6AHI6I:B:CIH-=:JCG:6A>O:9ADHH:HDC6K6>A67A:
;DG
H6A:H:8JG>I>:H	
C:ID;>C8DB:I6M:H	L:G:B>AA>DC6C9B>AA>DC6I:8:B7:G	
6C9
	G:HE:8I>K:AN-=:JCG:6A>O:9
ADHH:H D88JGG:9 6H 6 G:HJAI D; 8=6C<:H >C >CI:G:HI G6I:H	 B6G@:I HEG:69H 6C9 B6G@:I 8DC9>I>DCH HJ7H:FJ:CI ID EJG8=6H:
99>I>DC6AAN	L:9DCDI>CI:C9IDH:AAI=:H:6K6>A67A:
;DG
H6A:>CK:HIB:CIH:8JG>I>:H6C9>I>HBDG:A>@:ANI=6CCDII=6IL:L>AA
CDI7:G:FJ>G:9IDH:AAI=:H:>CK:HIB:CIH7:;DG:G:8DK:GND;I=:6BDGI>O:98DHI76H>H	L=>8=B6N7:I=:B6IJG>IN96I:HD;I=:
H:8JG>I>:H
$D85B !9AE949DI T .C9:G "C9>6C6 A6L C< I=: 8DAA6I:G6A>O6I>DC D; EJ7A>8 ;JC9 9:EDH>IH	 I=: "C9>6C6 D6G9 D;
:EDH>IDG>:H9:I:GB>C:HL=>8=;>C6C8>6A>CHI>IJI>DCH6G:G:FJ>G:9IDEA:9<:8DAA6I:G6A76H:9DCI=:HIG:CG;>C6C8>6A
G6I>CC;DGB:9I=6ICD8DAA6I:G6A>HG:FJ>G:9;DGDJGEJ7A>8;JC99:EDH>IH!DL:K:G	I=:D6G9D;:EDH>IDG>:H
8DJA96AI:GI=>HG:FJ>G:B:CI>CI=:;JIJG:6C969K:GH:AN>BE68IDJGA>FJ>9>IN(JGEDI:CI>6AA>FJ>9>IN:MEDHJG:>;L:BJHIEA:9<:
8DAA6I:G6A>H6EEGDM>B6I:AN7>AA>DC

Q
,+

DGB
$

!9AE949DI'9C;"1>175=5>DT-=:6C@XHA>FJ>9>IN>HBDC>IDG:96C98ADH:ANB6C6<:97NI=:HH:I%>67>A>IN&6C6<:B:CI
DBB>II::%(	L=DH:B:B7:GH6G:8DBEG>H:9D;I=:6C@XHH:C>DGB6C6<:B:CIHH:I6C9A>67>A>INB6C6<:B:CI>C8AJ9:H
I=:B6C6<:B:CID;>CI:G:HIG6I:H:CH>I>K>IN6C9I=:B6>CI:C6C8:D;6C69:FJ6I:A>FJ>9>INEDH>I>DC-=:EJGEDH:D;>CI:G:HIG6I:
H:CH>I>K>INB6C6<:B:CI>HIDHI67>A>O:C:I>CI:G:HI>C8DB:9JG>C<E:G>D9HD;8=6C<>C<>CI:G:HIG6I:H
%>FJ>9>INB6C6<:B:CI>HI=:EGD8:HH7NL=>8=I=:6C@:CHJG:HI=6I69:FJ6I:A>FJ>9;JC9H6G:6K6>A67A:IDB::IH=DGI
I:GB6C9
ADC<
I:GB ;>C6C8>6A 8DBB>IB:CIH DC 6 I>B:AN 76H>H >C6C8>6A >CHI>IJI>DCH BJHI B6>CI6>C A>FJ>9>IN ID B::I 96N
ID
96N
G:FJ>G:B:CIHD;9:EDH>IDGH6C97DGGDL:GH	I6@:69K6CI6<:D;B6G@:IDEEDGIJC>I>:H6C9EGDK>9:68JH=>DC6<6>CHIJC;DG:H::C
C::9H
%>FJ>9>IND;I=:6C@>H9:G>K:9EG>B6G>AN;GDB8DG:9:EDH>IH	EG>C8>E6AE6NB:CIHG:8:>K:9DCAD6CH	I=:H6A:6C9B6IJG>IND;
>CK:HIB:CIH:8JG>I>:H	C:I86H=EGDK>9:97NDE:G6I>C<68I>K>I>:H	6C9688:HHIDDI=:G;JC9>C<HDJG8:H-=:BDHIHI67A:HDJG8:D;
A>67>A>IN
;JC9:9A>FJ>9>IN>H9:EDH>IDCD;I=:8DG:9:EDH>I76H:-=:EG>C8>E6AHDJG8:D;6HH:I
;JC9:9A>FJ>9>IN
>H 6K6>A67A:
;DG
H6A: >CK:HIB:CI H:8JG>I>:H	 86H= 6C9 9J: ;GDB 76C@H	 DK:GC><=I >CK:HIB:CIH	 H:8JG>I>:H EJG8=6H:9 JC9:G
6CI:G:HI7:6G>C<9:EDH>IHL>I=DI=:G76C@HB6IJG>C<L>I=>CDC:N:6G99>I>DC6AAN	A>FJ>9>IN
>HEGDK>9:97NG:EJG8=6H:6A>INID7DGGDL;GDBI=::9:G6A+:H:GK:6C@+6C9I=::9:G6A!DB:
%D6C6C@!%
-=:6C@XHA>FJ>9>INHIG6I:H9:97N>CI:GC6AEDA>8>:H6C9I=:"CI:G6<:C8N)DA>8N,I6I:B:CIDCJC9>C<6C9%>FJ>9>IN+>H@
&6C6<:B:CI"CI:GC6A9:A>C:H8DCH>HID;
>
K6>A67A:%>FJ>9>INHJBD;H=DGII:GB7DGGDL>C<86E68>INAA>DC
>>
%>FJ>9>IN+6I>DIDI6AD;C:I86H=	H=DGII:GB>CK:HIB:CIH6C9JCEA:9<:9B6G@:I67A:6HH:IH9>K>9:97NI=:HJBD;
C:I9:EDH>IH6C9H=DGII:GBA>67>A>I>:H>> :E:C9:C8N+6I>DC:IEDI:CI>6AANKDA6I>A:A>67>A>I>:HB>CJHH=DGI
I:GB>CK:HIB:CIH9>K>9:97NIDI6A:6GC>C<6HH:IH
B>CJHH=DGI
I:GB>CK:HIB:CIHA:HHI=6C6C9
>K
%D6CHID:EDH>IH+6I>DA:HHI=6C


I:8:B7:G	
	L:L:G:>C8DBEA>6C8:L>I=I=:;DG:C<>CI:GC6AEDA>8>:H6C9G:9:A>C:H
-=: 6C@ 6AHD B6>CI6>CH 6 8DCI>C<:C8N ;JC9>C< EA6C I=6I 6HH:HH:H I=: A>FJ>9>IN C::9H JC9:G K6G>DJH H8:C6G>DH D; B6G@:I
8DC9>I>DCH	6HH:IIG6I>C<9DLCC8AJ9:HA>FJ>9>INHIG:HHI:HI>C<L=>8=B:6HJG:HK6G>DJHHDJG8:H
6C9JH:HD;;JC9HJC9:GI=:9>;;:G:CIH8:C6G>DH-=:8DCI>C<:C8NEA6CEGDK>9:H;DGDCC<BDC>IDG>C<D;JCJH:97DGGDL>C<
86E68>IN 6C9 6K6>A67A: HDJG8:H D; 8DCI>C<:CI A>FJ>9>IN ID EG:E6G: ;DG JC:ME:8I:9 A>FJ>9>IN C::9H 6C9 ID 8DK:G JC6CI>8>E6I:9
:K:CIHI=6I8DJA96;;:8IA>FJ>9>IN
0:B6>CI6>CEGJ9:CIHIG6I:<>:HIDHJEEDGI6HIGDC<A>FJ>9>INEDH>I>DC-=:;DAADL>C<I67A:G:EG:H:CIHDJGHDJG8:HD;A>FJ>9>IN6H
D;:8:B7:G	

)&&,-$(.#)/-(-
F19<12<5
"CI:GC6A,DJG8:H
.C:C8JB7:G:9H:8JG>I>:H

		
MI:GC6A,DJG8:H
!%69K6C8:H

	

+7DGGDL>CIH

	
%>HI>C<H:GK>8:H9:EDH>IH

	
-DI6AA>FJ>9>IN

		

D;-DI6A9:EDH>IHC:I7GD@:G:96C9A>HI>C<H:GK>8:H8:GI>;>86I:HD;9:EDH>I

K6>A67>A>IN>HH=DLCC:ID;G:FJ>G:9HID8@EJG8=6H:HJC9:GI=:!%68I>K>IN
76H:9HID8@DLC:GH=>EG:FJ>G:B:CI	L=>8=>H8JGG:CIAN
	6C9B6N
K6GN
K6>A67>A>IN8DCI>C<:CIDC8DGG:HEDC9:CI76C@6EEGDK6AH6II>B:D;7DGGDL>C<
K6>A67>A>IN8DCI>C<:CIDC>CI:GC6A7DGGDL>C<9:A>C:H
MI:GC6AHDJG8:H6HA>HI:9>CI=:I67A:67DK:6G:B6C6<:9ID6EEGDK:99:A>C:H7NDJGD6G9D;>G:8IDGH-DI6AC:I6K6>A67A:
A>FJ>9>INL6H7>AA>DC6I:8:B7:G	
	L=>8=688DJCI:9;DG6EEGDM>B6I:AND;IDI6A9:EDH>IHC:ID;7GD@:G:96C9
A>HI>C<H:GK>8:H8:GI>;>86I:HD;9:EDH>IH

Q
,+

DGB
$

>D5B5CD '1D5 '9C; "1>175=5>D T %( BDC>IDGH 6C9 B6C6<:H I=: G:A6I>DCH=>E D; :6GC>C< 6HH:IH ID >CI:G:HI 7:6G>C<
A>67>A>I>:H6C9I=:G:HEDCH>K:C:HHD;6HH:IN>:A9H	>CI:G:HI:ME:CH:	6C9>CI:G:HIB6G<>CHID8=6C<:H>CB6G@:I>CI:G:HIG6I:H"CI=:
CDGB6A8DJGH:D;7JH>C:HH	L:;68:DCC<>CI:G:HIG6I:G>H@H6C9JC8:GI6>CI>:H0:B6NJI>A>O:>CI:G:HIG6I:HL6EHIDE6GI>6AAN
B6C6<: I=: EG>B6GN B6G@:I :MEDHJG:H 6HHD8>6I:9 L>I= I=: >CI:G:HI G6I: G>H@ G:A6I:9 ID JC9:GAN>C< 6HH:IH	 A>67>A>I>:H	 6C9
6CI>8>E6I:9IG6CH68I>DCH
=NEDI=:I>86A8=6C<:>CC:I>CI:G:HI>C8DB:L6HBD9:A:97N86A8JA6I>C<6C>BB:9>6I:

76H>HED>CI

6C9

76H>H
ED>CI

>C8G:6H:6C96

76H>HED>CI

9:8G:6H:>C>CI:G:HIG6I:H68GDHH6AAB6IJG>I>:H-=:;DAADL>C<I67A:H=DLH
I=:6<86A>BE68IIDEG:
I6MC:I>CI:G:HI>C8DB:
%5B35>D17581>759>#5D>D5B5CD>3?=5
535=25B


535=25B


1C9C%?9>D>D5B5CD'1D581>75

"?>D8C

"?>D8C

"?>D8C

"?>D8C
.E





.E






DLC







-=::6GC>CBJA6I>DCBD9:A:M8AJ9:HI=::6GC>C8HG:A6I:9ID=DL;::>C8DB:6C9CDC>CI:G:HI:ME:CH:B6N7:
6;;:8I:97N8=6C<:H>C>CI:G:HIG6I:H8IJ6AG:HJAIHB6N9>;;:GB6I:G>6AAN;GDBI=DH:EGD?:8I:9-=:JH:D;I=>HB:I=D9DAD;NI=:B6G@:IG>H@D;I=:76A6C8:H=::IH=DJA9CDI7:8DCHIGJ:96H6C:C9DGH:B:CID;>IH688JG68NDGI=:688JG68ND;I=:
G:A6I:96HHJBEI>DCH
I:8:B7:G	
6C9
	I=:>BE68ID;I=:H:=NEDI=:I>86A;AJ8IJ6I>DCH>C>CI:G:HIG6I:HDCDJG9:G>K6I>K:=DA9>C;>86CI	6C9	6HHJ8=	H:E6G6I:9>H8ADHJG:>HCDIEG:H:CI:90:B6C6<:I=:>CI:G:HIG6I:G>H@G:A6I:9IDBDGI<6<:AD6C
8DBB>IB:CIH 7N :CI:G>C< >CID 8DCIG68IH ;DG ;JIJG: 9:A>K:GN D; AD6CH L>I= DJIH>9: E6GI>:H ,:: )6GI ""	 "I:B 	 >C6C8>6A
,I6I:B:CIH6C9,JEEA:B:CI6GN6I6T'DI:D;I=:'DI:HIDDCHDA>96I:9>C6C8>6A,I6I:B:CIH
?==9D=5>DC 1>4 ?>DB13DE1< $2<971D9?>C T "C I=: DG9>C6GN 8DJGH: D; DE:G6I>DCH	 L: :CI:G >CID 8:GI6>C 8DCIG68IJ6A
D7A><6I>DCH,J8=D7A><6I>DCH>C8AJ9:8JHIDB:G9:EDH>IH	I=:;JC9>C<D;DE:G6I>DCHI=GDJ<=9:7I>HHJ6C8:H6HL:AA6HDE:G6I>C<
A:6H:H;DGI=:G:CID;EG:B>H:H6C9:FJ>EB:CI99>I>DC6AAN	L:GDJI>C:AN:CI:G>CID8DCIG68IH;DGH:GK>8:HI=6IB6NG:FJ>G:
E6NB:CIID7:EGDK>9:9>CI=:;JIJG:6C9B6N8DCI6>CE:C6AIN8A6JH:H;DG:6GANI:GB>C6I>DCD;I=:8DCIG68IJGI=:G9>H8JHH>DCD;
8DBB>IB:CIH6C98DCIG68IJ6AD7A><6I>DCH>H>C8AJ9:9>C)6GI""	"I:B	>C6C8>6A,I6I:B:CIH6C9,JEEA:B:CI6GN6I6T'DI:H

		6C9D;I=:'DI:HIDDCHDA>96I:9>C6C8>6A,I6I:B:CIH
0:6AHD:CI:G>CID9:G>K6I>K:8DCIG68IHJC9:GL=>8=L:6G:G:FJ>G:9ID:>I=:GG:8:>K:86H=;GDB	DGE6N86H=ID	8DJCI:GE6GI>:H
9:E:C9>C<DC8=6C<:H>C>CI:G:HIG6I:H:G>K6I>K:8DCIG68IH6G:86GG>:96I;6>GK6AJ:DCI=:8DCHDA>96I:976A6C8:H=::IL>I=I=:
;6>GK6AJ:G:EG:H:CI>C<I=:C:IEG:H:CIK6AJ:D;:ME:8I:9;JIJG:86H=G:8:>EIHDGE6NB:CIH76H:9DCB6G@:I>CI:G:HIG6I:H6HD;I=:
76A6C8:H=::I96I:-=:;6>GK6AJ:D;I=:8DCIG68IH8=6C<:H96>AN6HB6G@:I>CI:G:HIG6I:H8=6C<:JGI=:G9>H8JHH>DCD;9:G>K6I>K:
8DCIG68IH>H>C8AJ9:9>C)6GI""	"I:B	>C6C8>6A,I6I:B:CIH6C9,JEEA:B:CI6GN6I6T'DI:D;I=:'DI:HIDDCHDA>96I:9
>C6C8>6A,I6I:B:CIH
(
%',!-++' &'-,
HH:IHJC9:GB6C6<:B:CI6C96HH:IHJC9:G8JHID9N6G:=:A9>C;>9J8>6GNDG8JHID9>6A86E68>IN;DGDJG8A>:CIH"C688DG96C8:
L>I=.,<:C:G6AAN688:EI:9688DJCI>C<EG>C8>EA:H	I=:H:6HH:IH6G:CDI>C8AJ9:9DCDJG76A6C8:H=::I
0:6G:6AHDE6GINID;>C6C8>6A>CHIGJB:CIHL>I=D;;
76A6C8:H=::IG>H@>CI=:CDGB6A8DJGH:D;7JH>C:HHIDB::II=:;>C6C8>C<
C::9HD;DJG8A>:CIH-=:H:;>C6C8>6A>CHIGJB:CIH>C8AJ9:8DBB>IB:CIHID:MI:C98G:9>I6C9HI6C97NA:II:GHD;8G:9>IJGI=:G
9>H8JHH>DCD;I=:H:8DBB>IB:CIH>H>C8AJ9:9>C)6GI""	"I:B	>C6C8>6A,I6I:B:CIH6C9,JEEA:B:CI6GN6I6T'DI:D;I=:
'DI:HIDDCHDA>96I:9>C6C8>6A,I6I:B:CIH
D5=	&E1>D9D1D9F51>4&E1<9D1D9F59C3C;DGB6I>DC G:<6G9>C< *J6CI>I6I>K: 6C9 *J6A>I6I>K: >H8ADHJG:H 67DJI &6G@:I +>H@	 H:: )6GI ""	 "I:B 	 &6C6<:B:CIXH
>H8JHH>DC6C9C6ANH>HD;>C6C8>6ADC9>I>DC6C9+:HJAIHD;(E:G6I>DCH	"CI:G:HI+6I:+>H@&6C6<:B:CI

Q
,+

DGB
$

D5=	9>1>391<(D1D5=5>DC1>4(E@@<5=5>D1BI1D1	
"C9:MIDDCHDA>96I:9>C6C8>6A,I6I:B:CIH
)6<:
+:EDGIHD;DGK>H&6O6GH	%%)	"C9:E:C9:CI+:<>HI:G:9)J7A>888DJCI>C<>GBDGK>H&6O6GH	%%)	DGI06NC:	"C9>6C6	J9>IDG>GB"

DCHDA>96I:9,I6I:B:CIHD;>C6C8>6ADC9>I>DC

DCHDA>96I:9,I6I:B:CIHD;"C8DB:

DCHDA>96I:9,I6I:B:CIHD;DBEG:=:CH>K:"C8DB:

DCHDA>96I:9,I6I:B:CIHD;,=6G:=DA9:GHXFJ>IN

DCHDA>96I:9,I6I:B:CIHD;6H=ADLH

'DI:HIDDCHDA>96I:9>C6C8>6A,I6I:B:CIH


Q
,+

DGB
$

'5@?BD?6>45@5>45>D'579CD5B54%E2<9333?E>D9>79B=
,=6G:=DA9:GH	D6G9D;>G:8IDGH6C9J9>I	>C6C8:	6C9+>H@DBB>II::
HI,DJG8:DGEDG6I>DC
,DJI=:C9	"C9>6C6
" ! ! %	! $!%  %% %$
0:=6K:6J9>I:9I=:688DBE6CN>C<8DCHDA>96I:9HI6I:B:CIHD;;>C6C8>6A8DC9>I>DCD;HI,DJG8:DGEDG6I>DCI=:UDBE6CNV
6HD;:8:B7:G	
6C9
	I=:G:A6I:98DCHDA>96I:9HI6I:B:CIHD;>C8DB:	8DBEG:=:CH>K:>C8DB:ADHH	H=6G:=DA9:GHX
:FJ>IN	 6C9 86H= ;ADLH ;DG :68= D; I=: N:6GH >C I=: I=G::
N:6G E:G>D9 :C9:9 :8:B7:G 	 
	 6C9 I=: G:A6I:9 CDI:H
8DAA:8I>K:ANG:;:GG:9ID6HI=:U;>C6C8>6AHI6I:B:CIHV"CDJGDE>C>DC	I=:;>C6C8>6AHI6I:B:CIHG:;:GG:9ID67DK:EG:H:CI;6>GAN	
>C 6AA B6I:G>6A G:HE:8IH	 I=: ;>C6C8>6A EDH>I>DC D; I=: DBE6CN 6H D; :8:B7:G 	 
 6C9 
	 6C9 I=: G:HJAIH D; >IH
DE:G6I>DCH6C9>IH86H= ;ADLH ;DG :68= D; I=: N:6GH>CI=:I=G::
N:6GE:G>D9:C9:9:8:B7:G	
	>C8DC;DGB>IN L>I=
688DJCI>C<EG>C8>EA:H<:C:G6AAN688:EI:9>CI=:.C>I:9,I6I:HD;B:G>86
0:6AHD=6K:6J9>I:9	>C688DG96C8:L>I=I=:HI6C96G9HD;I=:)J7A>8DBE6CN88DJCI>C<(K:GH><=ID6G9.C>I:9,I6I:H
U)(V	I=:DBE6CNXH>CI:GC6A8DCIGDADK:G;>C6C8>6AG:EDGI>C<6HD;:8:B7:G	
	76H:9DC8G>I:G>6:HI67A>H=:9>C
(. ,(& )(.,)& 5 (. ",.  ,' 1),%
 	 >HHJ:9 7N I=: DBB>II:: D; ,EDCHDG>C< (G<6C>O6I>DCH D; I=: -G:69L6N
DBB>HH>DC6C9DJGG:EDGI96I:9:7GJ6GN	
	:MEG:HH:96CJCFJ6A>;>:9DE>C>DCI=:G:DC
$$!#" ! 
-=:H:;>C6C8>6AHI6I:B:CIH6G:I=:G:HEDCH>7>A>IND;I=:DBE6CNXHB6C6<:B:CI(JGG:HEDCH>7>A>IN>HID:MEG:HH6CDE>C>DCDC
I=:DBE6CNXH;>C6C8>6AHI6I:B:CIH76H:9DCDJG6J9>IH
0:6G:6EJ7A>8688DJCI>C<;>GBG:<>HI:G:9L>I=I=:)(6C96G:G:FJ>G:9ID7:>C9:E:C9:CIL>I=G:HE:8IIDI=:DBE6CN>C
688DG96C8: L>I= I=: ., ;:9:G6A H:8JG>I>:H A6LH 6C9 I=: 6EEA>867A: GJA:H 6C9 G:DCH D; I=: ,:8JG>I>:H 6C9 M8=6C<:
DBB>HH>DC6C9I=:)(
0:8DC9J8I:9DJG6J9>IH>C688DG96C8:L>I=I=:HI6C96G9HD;I=:)(-=DH:HI6C96G9HG:FJ>G:I=6IL:EA6C6C9E:G;DGBI=:
6J9>IHIDD7I6>CG:6HDC67A:6HHJG6C8:67DJIL=:I=:GI=:;>C6C8>6AHI6I:B:CIH6G:;G::D;B6I:G>6AB>HHI6I:B:CI	L=:I=:G9J:ID
:GGDGDG;G6J9
(JG6J9>IH>C8AJ9:9E:G;DGB>C<EGD8:9JG:HID6HH:HHI=:G>H@HD;B6I:G>6AB>HHI6I:B:CID;I=:;>C6C8>6AHI6I:B:CIH	L=:I=:G9J:
ID:GGDGDG;G6J9	6C9E:G;DGB>C<EGD8:9JG:HI=6IG:HEDC9IDI=DH:G>H@H,J8=EGD8:9JG:H>C8AJ9::M6B>C>C<	DC6I:HI76H>H	
:K>9:C8:G:<6G9>C<I=:6BDJCIH6C99>H8ADHJG:H>CI=:;>C6C8>6AHI6I:B:CIH(JG6J9>IH6AHD>C8AJ9:9:K6AJ6I>C<I=:688DJCI>C<
EG>C8>EA:HJH:96C9H>;>86CI:HI>B6I:HB69:7NB6C6<:B:CI	6HL:AA6H:K6AJ6I>C<I=:DK:G6AAEG:H:CI6I>DCD;I=:;>C6C8>6A
HI6I:B:CIH0:7:A>:K:I=6IDJG6J9>IHEGDK>9:6G:6HDC67A:76H>H;DGDJGDE>C>DC
	#%&%%%#
-=:8G>I>86A6J9>IB6II:G8DBBJC>86I:97:ADL>H6B6II:G6G>H>C<;GDBI=:8JGG:CI
E:G>D96J9>ID;I=:;>C6C8>6AHI6I:B:CIHI=6I
L6H8DBBJC>86I:9DGG:FJ>G:9ID7:8DBBJC>86I:9IDI=:6J9>I8DBB>II::6C9I=6IG:A6I:HID688DJCIHDG9>H8ADHJG:HI=6I
6G:B6I:G>6AIDI=:;>C6C8>6AHI6I:B:CIH6C9>CKDAK:9DJG:HE:8>6AAN8=6AA:C<>C<	HJ7?:8I>K:	DG8DBEA:M?J986I>DCD;I=:8G>I>86A6J9>IB6II:G9D:HCDI6AI:G>C6CNL6NDJGDE>C>DCDCI=:;>C6C8>6AHI6I:B:CIH	I6@:C6H6L=DA:	
6C9L:6G:CDI	7N8DBBJC>86I>C<I=:8G>I>86A6J9>IB6II:G7:ADL	EGDK>9>C<6H:E6G6I:DE>C>DCDCI=:8G>I>86A6J9>IB6II:GDGDC
I=:688DJCIHDG9>H8ADHJG:HIDL=>8=>IG:A6I:H
!( !#!  $!$$$*&%%'%!#$

$#"%! !%	#%&%%%#
HEG:H:CI:9>C'DI:IDI=:;>C6C8>6AHI6I:B:CIH	I=:DBE6CNXH6AADL6C8:;DGAD6C6C9A:6H:ADHH:H%%%L6H
B>AA>DC6I:8:B7:G	
H9:H8G>7:9>C'DI:IDI=:;>C6C8>6AHI6I:B:CIH	I=:%%%>H6C:HI>B6I:D;8JGG:CI:ME:8I:9
8G:9>I ADHH:H >C I=: AD6C 6C9 A:6H: EDGI;DA>D -=: 9:I:GB>C6I>DC D; I=: %%% G:FJ>G:H H>;>86CI ?J9C< I=:
DBE6CNXH :HI>B6I: D; :ME:8I:9 ;JIJG: ADHH:H ;DG I=: AD6CXH :CI>G: 8DCIG68IJ6A I:GB 69?JHI:9 ;DG :ME:8I:9 E6NB:CIH L=:C
6EEGDEG>6I:
-=: DBE6CN 86I:O:H >IH AD6C EDGI;DA>DH >CID C>C: H:B>A6G G>H@ 8=6G68I:G>HI>8H %D6CH L>I=>C :68=
H:K:AN:K6AJ6I:9JH>C<:>I=:G68D=DGI8JBJA6I>K:ADHHG6I:B:I=D9DADA>IND;
9:;6JAIU)VADHH<>K:C9:;6JAIU% VB:I=D9DAD:H	I=:
DBE6CN JH:H FJ6A>I6I>K: 69?JHIB:CIH ID 86EIJG: 9>;;:G:C8:H I=6I B6N :M>HI 7:IL::C I=: 8JGG:CI 6C9 =>HIDG>86A 8DC9>I>DCH
*J6A>I6I>K:;68IDGH>C8AJ9:7JI6G:CDIA>B>I:9ID8JGG:CIB6G@:IG>H@6HH:HHB:CI7N>C9JHIGN	G:8:CIADHH:ME:G>:C8:>CE6GI>8JA6G

Q
,+

DGB
$

H:DH	 BDK:B:CI >C :FJ>EB:CI K6AJ:H 8DAA6I:G6A>O>C< HE:8>6A>O:9 >C9JHIGN EDGI;DA>DH	 8DC8:CIG6I>DCH D;
8G:9>IG>H@	9:A>CFJ:C8>:H	IG:C9H>CKDAJB:	:ME:G>:C8:6C99:EI=D;G:A6I>DCH=>EB6C6<:GH6C99>K>H>DCB6C6<:B:CI	6C9I=:
:;;:8IHD;8=6C<:H>CA:C9>C<EDA>8>:H6C9EG68I>8:H	>C8AJ9>C<8=6C<:H>CFJ6A>IND;I=:AD6C6C9A:6H:DG><>C6I>DC	H:GK>8>C<	
6C9G>H@B6C6<:B:CIEGD8:HH
0:>9:CI>;>:9I=:FJ6A>I6I>K:;68IDG69?JHIB:CIH>C8AJ9:9>CI=:%%%6H68G>I>86A6J9>IB6II:G-=:EG>C8>E6A8DCH>9:G6I>DCH;DG
DJG9:I:GB>C6I>DC>C8AJ9:9I=:=><=9:K>IN>C6J9>I>C<B6C6<:B:CIXH:HI>B6I>DCD;FJ6A>I6I>K:
;68IDG69?JHIB:CIH	L=>8=G:FJ>G:HH>;>86CI?J9B6GNEGD8:9JG:HL:E:G;DGB:9ID699G:HHI=>H8G>I>86A6J9>IB6II:G>C8AJ9:9
Q
-:HI:9I=:9:H>C<:;;:8I>K:C:HHD;>CI:GC6A8DCIGDAHDK:GI=::HI67A>H=B:CID;FJ6A>I6I>K:69?JHIB:CIH;DG
8JGG:CI6C9:ME:8I:98DC9>I>DCH
Q
K6AJ6I:9I=:8JGG:CI6C9:ME:8I:9FJ6A>I6I>K:69?JHIB:CIH	>C8AJ9>C<6HH:HH>C<I=:76H>H;DGI=:69?JHIB:CIH6C9I=:
G:6HDC67A:C:HHD;I=:H>;>86CI6HHJBEI>DCHG:A6I:9IDAD6CEDGI;DA>DEDA>8>:H6C9JC9:GLG>I>C<	8G:9>IFJ6A>INB:IG>8H	
8DC8:CIG6I>DCH	6HL:AA6H:MI:GC6AB6G@:I96I6>C8AJ9>C<8EGD9J8I	JC:BEADNB:CIG6I:H	6C9=DJH>C<
B6G@:IIG:C9H
Q
-:HI:9I=:8DBEA:I:C:HH6C9688JG68N6C9:K6AJ6I:9I=:G:A:K6C8:D;I=:@:N96I6JH:96H>CEJIHIDI=:FJ6A>I6I>K:
69?JHIB:CI :HI>B6I>DC EGD8:HH	 >C8AJ9>C< G:A:K6CI :MI:GC6A B6G@:I 96I6	 EDGI;DA>D H:;>896I6
HDGK>H&6O6GH	%%)
0:=6K:H:GK:96HI=:DBE6CNXH6J9>IDGH>C8:

DGI06NC:	"C9>6C6
:7GJ6GN	


Q
,+

DGB
$

'5@?BD?6>45@5>45>D'579CD5B54%E2<9333?E>D9>79B=
,=6G:=DA9:GH	D6G9D;>G:8IDGH6C9J9>I	>C6C8:	6C9+>H@DBB>II::
HI,DJG8:DGEDG6I>DC
,DJI=:C9	"C9>6C6
" ! ! %
 %# 	! %#!!'#  "!#% 
0:=6K:6J9>I:9HI,DJG8:DGEDG6I>DCXHI=:UDBE6CNV>CI:GC6A8DCIGDADK:G;>C6C8>6AG:EDGI>C<6HD;:8:B7:G	
	
76H:9 DC 8G>I:G>6 :HI67A>H=:9 >C(. ,(& )(.,)& 5(. ",. ,' 1),%
	>HHJ:9 7N I=: DBB>II:: D; ,EDCHDG>C<
(G<6C>O6I>DCHD;I=:-G:69L6NDBB>HH>DC(,(
"C DJG DE>C>DC	 I=: DBE6CN B6>CI6>C:9	 >C 6AA B6I:G>6A G:HE:8IH	 :;;:8I>K: >CI:GC6A 8DCIGDA DK:G ;>C6C8>6A G:EDGI>C< 6H D;
:8:B7:G	
	76H:9DC8G>I:G>6:HI67A>H=:9>C(. ,(&)(.,)&(. ",. ,' 1),%
	>HHJ:97N(,(
0:6AHD=6K:6J9>I:9	>C688DG96C8:L>I=I=:HI6C96G9HD;I=:)J7A>8DBE6CN88DJCI>C<(K:GH><=ID6G9.C>I:9,I6I:H
U)(V	I=:8DCHDA>96I:9;>C6C8>6AHI6I:B:CIHD;I=:DBE6CN6HD;:8:B7:G	
6C9
	6C9;DG:68=D;I=:I=G::
N:6GH>CI=:E:G>D9:C9:9:8:B7:G	
	6C9DJGG:EDGI96I:9:7GJ6GN	
	:MEG:HH:96CJCFJ6A>;>:9DE>C>DCDC
I=DH:;>C6C8>6AHI6I:B:CIH
$$!#" ! 
-=: DBE6CNXH B6C6<:B:CI >H G:HEDCH>7A: ;DG B6>CI6>C>C< :;;:8I>K: >CI:GC6A 8DCIGDA DK:G ;>C6C8>6A G:EDGI>C< 6C9 ;DG >IH
6HH:HHB:CID;I=::;;:8I>K:C:HHD;>CI:GC6A8DCIGDADK:G;>C6C8>6AG:EDGI>C<	>C8AJ9:9>CI=:688DBE6CN>C<&6C6<:B:CI+:EDGI
(JGG:HEDCH>7>A>IN>HID:MEG:HH6CDE>C>DCDCI=:DBE6CNXH>CI:GC6A8DCIGDADK:G;>C6C8>6AG:EDGI>C<76H:9DCDJG6J9>I
0:6G:6EJ7A>8688DJCI>C<;>GBG:<>HI:G:9L>I=I=:)(6C96G:G:FJ>G:9ID7:>C9:E:C9:CIL>I=G:HE:8IIDI=:DBE6CN>C
688DG96C8: L>I= I=: ., ;:9:G6A H:8JG>I>:H A6LH 6C9 I=: 6EEA>867A: GJA:H 6C9 G:DCH D; I=: ,:8JG>I>:H 6C9 M8=6C<:
DBB>HH>DC6C9I=:)(
0:8DC9J8I:9DJG6J9>I>C688DG96C8:L>I=I=:HI6C96G9HD;I=:)(-=DH:HI6C96G9HG:FJ>G:I=6IL:EA6C6C9E:G;DGBI=:
6J9>IIDD7I6>CG:6HDC67A:6HHJG6C8:67DJIL=:I=:G:;;:8I>K:>CI:GC6A8DCIGDADK:G;>C6C8>6AG:EDGI>C<L6HB6>CI6>C:9>C6AA
B6I:G>6AG:HE:8IH(JG6J9>I>C8AJ9:9D7I6>C>C<6CJC9:GHI6C9>C<D;>CI:GC6A8DCIGDADK:G;>C6C8>6AG:EDGI>C<	6HH:HH>C<I=:G>H@
I=6I6B6I:G>6AL:6@C:HH:M>HIH	6C9I:HI>C<6C9:K6AJ6I>C<I=:9:H>C<:;;:8I>K:C:HHD;>CI:GC6A8DCIGDA76H:9DC
I=:6HH:HH:9G>H@(JG6J9>I6AHD>C8AJ9:9E:G;DGB>C<HJ8=DI=:GEGD8:9JG:H6HL:8DCH>9:G:9C:8:HH6GN>CI=:8>G8JBHI6C8:H
0:7:A>:K:I=6IDJG6J9>IEGDK>9:H6G:6HDC67A:76H>H;DGDJGDE>C>DC

 %! $ %%! $!
 %# 	! %#!!'#  "!#% 
 8DBE6CNXH >CI:GC6A 8DCIGDA DK:G ;>C6C8>6A G:EDGI>C< >H 6 EGD8:HH 9:H>9: G:6HDC67A: 6HHJG6C8: G:<6G9>C< I=:
G:A>67>A>IND;;>C6C8>6AG:EDGI>C<6C9I=:EG:E6G6I>DCD;G:A>67A:;>C6C8>6AHI6I:B:CIH;DG:MI:GC6AEJGEDH:H>C688DG96C8:L>I=
<:C:G6AAN 688:EI:9 688DJCI>C< EG>C8>EA:H  8DBE6CNXH >CI:GC6A8DCIGDA DK:G ;>C6C8>6A G:EDGI>C< >C8AJ9:H I=DH: EDA>8>:H 6C9
EGD8:9JG:HI=6IE:GI6>CIDI=:B6>CI:C6C8:D;G:8DG9HI=6I	>CG:6HDC67A:9:I6>A	688JG6I:AN6C9;6>GANG:;A:8II=:IG6CH68I>DCH
6C99>HEDH>I>DCHD;I=:6HH:IHD;I=:8DBE6CNEGDK>9:G:6HDC67A:6HHJG6C8:I=6IIG6CH68I>DCH6G:G:8DG9:96HC:8:HH6GNID
E:GB>IEG:E6G6I>DCD;;>C6C8>6AHI6I:B:CIH>C688DG96C8:L>I=<:C:G6AAN688:EI:9688DJCI>C<EG>C8>EA:H	6C9I=6IG:8:>EIH6C9
:ME:C9>IJG:H D; I=: 8DBE6CN 6G: 7:>C< B69: DCAN >C 688DG96C8: L>I= 6JI=DG>O6I>DCH D; B6C6<:B:CI 6C9 9>G:8IDGH D; I=:
8DBE6CN6C9EGDK>9:G:6HDC67A:6HHJG6C8:G:<6G9>C<EG:K:CI>DCDGI>B:AN9:I:8I>DCD;JC6JI=DG>O:968FJ>H>I>DC	JH:	DG
9>HEDH>I>DCD;I=:8DBE6CNXH6HH:IHI=6I8DJA9=6K:6B6I:G>6A:;;:8IDCI=:;>C6C8>6AHI6I:B:CIH
:86JH:D;>IH>C=:G:CIA>B>I6I>DCH	>CI:GC6A8DCIGDADK:G;>C6C8>6AG:EDGI>C<B6NCDIEG:K:CIDG9:I:8IB>HHI6I:B:CIHAHD	
EGD?:8I>DCHD;6CN:K6AJ6I>DCD;:;;:8I>K:C:HHID;JIJG:E:G>D9H6G:HJ7?:8IIDI=:G>H@I=6I8DCIGDAHB6N7:8DB:>C69:FJ6I:
7:86JH:D;8=6C<:H>C8DC9>I>DCHDGI=6II=:9:6C8:L>I=I=:EDA>8>:HDGEGD8:9JG:HB6N9:I:G>DG6I:
HDGK>H&6O6GH	%%)
DGI06NC:	"C9>6C6
:7GJ6GN	


Q
,+

DGB
$

(',(%"-,--&'-,("''"%('"-"('
535=25B
!#$ %!&$ $






(()(
6H=6C99J:;GDB76C@H

	

	
:9:G6A;JC9HHDA96C9>CI:G:HI7:6G>C<9:EDH>IHL>I=DI=:G76C@H


	


	
"CK:HIB:CIH:8JG>I>:H6K6>A67A:
;DG
H6A:	6I;6>GK6AJ:
6BDGI>O:98DHID;		6C9	
	6I:8:B7:G	
6C9
	G:HE:8I>K:AN

		

		
(I=:G>CK:HIB:CIH

	


	
&DGI<6<:H=:A9;DGH6A:

	

	
%D6CH6C9A:6H:H	C:ID;JC:6GC:99>H8DJCI
DBB:G8>6A6C968JAIJG6A

	

	
+:C:L67A::C:G<=IIGJ8@

	

	
&:9>JB6C9=:6KN9JINIGJ8@

	

	
>G8G6;I

	
	

		
DCHIGJ8I>DC:FJ>EB:CI

		

	
	
DBB:G8>6AG:6A:HI6I:

		

		
+:H>9:CI>6AG:6A:HI6I:6C9=DB::FJ>IN


	


	

DCHJB:G


	

	
)?D1<C1>4<51C5C

	
	

		

AADL6C8:;DGAD6C6C9A:6H:ADHH:H

	 
	

#5DC1>4<51C5C

		

		
FJ>EB:CIDLC:9JC9:GDE:G6I>C<A:6H:H	C:I

	

	
)G:B>H:H6C9:FJ>EB:CI	C:I

	

	
 DD9L>AA6C9>CI6C<>7A:6HH:IH

	

	
88GJ:9>C8DB:6C9DI=:G6HH:IH

	

	
)?D1<1CC5DC

	
	


		
!!)(
:EDH>IH
'DC>CI:G:HI
7:6G>C<9:B6C9

	

	

		

"CI:G:HI
7:6G>C<9:EDH>IH
"CI:G:HI
7:6G>C<9:B6C9

		


		
,6K>CB:

		



		
)?D1<9>D5B5CD251B9>745@?C9DC

		



	
	
)?D1<45@?C9DC

		

	
	

,=DGI
I:GB7DGGDL>CI>:HHDA9JC9:G6C7C

	

	
%DC<
I:GB9:7I6C9B6C96IDG>ANG:9::B67A:H:8JG>I>:H

	


	
,J7DG9>C6I:9CDI:H

	

	
88GJ:9:ME:CH:H6C9DI=:GA>67>A>I>:H


	


	
)?D1<<9129<9D95C

		


	
	
('$!'(L&*).
)G:;:GG:9HID8@CDE6GK6AJ:
JI=DG>O:9
	


	


H=6G:HCDC:>HHJ:9DGDJIHI6C9>C<

T

T
DBBDCHID8@CDE6GK6AJ:
JI=DG>O:9
	


	


H=6G:H>HHJ:9	
	H=6G:H6I:8:B7:G	
6C9


	

	
+:I6>C:9:6GC>CCIG:6HJGN		6C9		H=6G:H6I:8:B7:G	
6C9:8:B7:G	
	
G:HE:8I>K:AN

	
 
	
88JBJA6I:9DI=:G8DBEG:=:CH>K:ADHH

	 
	
)?D1<C81B58?<45BCL5AE9DI

		

		

'DC8DCIGDAA>C<>CI:G:HIH

	


	
)?D1<5AE9DI

		



		

)?D1<<9129<9D95C1>45AE9DI

	
	


		
-=:688DBE6CN>C<CDI:H6G:6E6GID;I=:8DCHDA>96I:9;>C6C8>6AHI6I:B:CIH

Q
,+

DGB
$

(',(%"-,--&'-,("'(&
.51B>454535=25B
!#$ %!&$ $)"%"#$#!& %$









"CI:G:HI>C8DB:
%D6CH6C9A:6H:H

	


	

	
"CK:HIB:CIH:8JG>I>:H	I6M67A:

	


	


	

"CK:HIB:CIH:8JG>I>:H	I6M
:M:BEI

	

	


	
(I=:G

	


	

	
)?D1<9>D5B5CD9>3?=5

	

	


	

"CI:G:HI:ME:CH:
:EDH>IH

	

	

	
,=DGI
I:GB7DGGDL>CC6I:9CDI:H

	


	

	
%DC<
I:GB9:7I6C9B6C96IDG>ANG:9::B67A:H:8JG>I>:H

	


	

	
)?D1<9>D5B5CD5H@5>C5

	

	



	

#5D9>D5B5CD9>3?=5

	



	

	
)GDK>H>DC;DG8G:9>IADHH:H

	

	

	
#5D9>D5B5CD9>3?=516D5B@B?F9C9?>6?B3B549DCI:G:HI>C8DB:
-GJHI6C9L:6AI=69K>HDGN

	

	


	

,:GK>8:8=6G<:HDC9:EDH>I688DJCIH

	

	

	
:7>I86G9

	

	

	

&DGI<6<:76C@>C<

	


	


	
"CHJG6C8:8DBB>HH>DCH

	



	


	
FJ>EB:CIG:CI6A

	


	

	
%DHH:HDC>CK:HIB:CIH:8JG>I>:H6K6>A67A:
;DG
H6A:

	 
	 
	
(I=:G


	

	

	
)?D1<>?>9>D5B5CD9>3?=5

	


	



	
'DC>CI:G:HI:ME:CH:
,6A6G>:H6C9:BEADN::7:C:;>IH

	

	


	
':ID88JE6C8N

	

	

	


JGC>IJG:6C9:FJ>EB:CI

	

	

	
6I6EGD8:HH>C<

	

	

	

:EG:8>6I>DCTA:6H:9:FJ>EB:CI

	

	


	

)GD;:HH>DC6A;::H

	

	


	

"6C9DI=:G>CHJG6C8:

	

	

	
JH>C:HH9:K:ADEB:CI6C9B6G@:I>C<

	

	

	
(I=:G

	


	

	
)?D1<>?>9>D5B5CD5H@5>C5

	


	



	
"C8DB:7:;DG:>C8DB:I6M:H


	

	


	

"C8DB:I6M:ME:CH:

	

	

	
#5D9>3?=5

	

	

	
':IADHH>C8DB:6IIG>7JI67A:IDCDC8DCIGDAA>C<>CI:G:HIH






#5D9>3?=51F19<12<5D?3?==?>C81B58?<45BC

	

	

	
1C93>5D9>3?=5@5B3?==?>C81B5







95D9>3?=5@5B3?==?>C81B5







-=:688DBE6CN>C<CDI:H6G:6E6GID;I=:8DCHDA>96I:9;>C6C8>6AHI6I:B:CIH

Q
,+

DGB
$

(',(%"-,--&'-,((&)+!',"/"'(&%(,,
.51B>454535=25B
!#$ %!&$ $









':I>C8DB:

	

	

	
(I=:G8DBEG:=:CH>K:>C8DB:ADHH
.CG:6A>O:96EEG:8>6I>DC9:EG:8>6I>DCD;>CK:HIB:CIH:8JG>I>:H6K6>A67A:
;DG
H6A:

	

	

	

+:8A6HH>;>86I>DC69?JHIB:CI;DGG:6A>O:9ADHH:H>C8AJ9:9>CC:I>C8DB:

	

	

	
"C8DB:I6M:;;:8I

	 
	 
	
(I=:G8DBEG:=:CH>K:>C8DB:ADHH	C:ID;I6M

	

	


	
?=@B585>C9F59>3?=5K:ADHH>C8DB:6IIG>7JI67A:IDCDC8DCIGDAA>C<>CI:G:HIH






?=@B585>C9F59>3?=5C81B58?<45BC


	

	

	
-=:688DBE6CN>C<CDI:H6G:6E6GID;I=:8DCHDA>96I:9;>C6C8>6AHI6I:B:CIH
(',(%"-,--&'-,(,!+!(%+,X*."-2
CD(?EB35?B@?B1D9?>(81B58?<45BC

!#$ %!&$ $)"%"#$#!& %$
%B565BB54
(D?3;
?==?>
(D?3;
'5D19>54
1B>9>7C
?CD?6
?==?>
(D?3;
9>)B51CEBI
33E=E<1D54
$D85B
?=@B585>C9F5
>3?=5!?CC
#5D
)?D1<
(81B58?<45BCL
AE9DI
#?>3?>DB?<<9>7
>D5B5CDC
)?D1<
AE9DI
6A6C8:6I#6CJ6GN	


T
 	
 	
 	 
	
 
	


	
 	
':I>C8DB:

T

T
 	

T

T

	



	
(I=:G8DBEG:=:CH>K:>C8DB:

T

T

T

T

	

	

T

	
"HHJ6C8:D;	
8DBBDCH=6G:HJC9:G
HID8@76H:98DBE:CH6I>DC6L6G9H

T

T

	

	

T

	


T

	

DHID;
	H=6G:HD;8DBBDCHID8@
68FJ>G:9;DGIG:6HJGN

T

T

T

	 
T

	 
T

	
DBBDCHID8@9>K>9:C9
E:GH=6G:

T

T

	 
T

T

	 
T

	
DCIG>7JI>DCH;GDBCDC8DCIGDAA>C<>CI:G:HIH

T

T

T

T

T

T


	


	
>HIG>7JI>DCHIDCDC8DCIGDAA>C<>CI:G:HIH

T

T

T

T

T

T

	 
	
6A6C8:6I:8:B7:G	


T
 	
 	
 
	 

	 
	

	
	
	
':I>C8DB:ADHH

T

T
 	

T

T

	

 
	
(I=:G8DBEG:=:CH>K:>C8DB:

T

T

T

T

	


	


T

	

"HHJ6C8:D;	8DBBDCH=6G:HJC9:G
HID8@76H:98DBE:CH6I>DC6L6G9H

T

T

	

	

T

	

T

	
DHID;	H=6G:HD;8DBBDCHID8@
68FJ>G:9;DGIG:6HJGN

T

T

T

 
T

 
T


DBBDCHID8@9>K>9:C9
E:GH=6G:

T

T

	
 
T

T

	
 
T

	

>HIG>7JI>DCHIDCDC8DCIGDAA>C<>CI:G:HIH

T

T

T

T

T

T

	 
	
%>FJ>96I>DCD;CDC8DCIGDAA>C<>CI:G:HIH

T

T

T

T

T

T

	
 
	

6A6C8:6I:8:B7:G	


T
 	
 
	
 	 
	 
		



	
		

':I>C8DB:ADHH

T

T
 	

T

T

	

 
	
(I=:G8DBEG:=:CH>K:>C8DB:

T

T

T

T

	

	

T

	
"HHJ6C8:D;	8DBBDCH=6G:HJC9:G
HID8@76H:98DBE:CH6I>DC6L6G9H

T

T

	

	


T

	

T

	
DHID;
	
H=6G:HD;8DBBDCHID8@
68FJ>G:9;DGIG:6HJGN

T

T

T

	
 
T

	
 
T

	

DBBDCHID8@9>K>9:C9E:GH=6G:

T

T

	 
T

T

	 
T

	
>HIG>7JI>DCHIDCDC8DCIGDAA>C<>CI:G:HIH

T

T

T

T

T

T

	 
	
%>FJ>96I>DCD;CDC8DCIGDAA>C<>CI:G:HIH

T

T

T

T

T

T

	 
	
6A6C8:6I:8:B7:G	


T
 	
	
	

 	
 
	 
		

	
		


-=:688DBE6CN>C<CDI:H6G:6E6GID;I=:8DCHDA>96I:9;>C6C8>6AHI6I:B:CIH

Q
,+

DGB
$

(',(%"-,--&'-,(,!%(0,
.51B>454535=25B
!#$ %!&$ $









(E:G6I>C<68I>K>I>:H
':I>C8DB:

	

	

	
9?JHIB:CIHIDG:8DC8>A:C:I>C8DB:IDC:I86H=EGDK>9:97NDE:G6I>C<68I>K>I>:H
)GDK>H>DC;DG8G:9>IADHH:H

	

	

	
:EG:8>6I>DCD;EG:B>H:H6C9:FJ>EB:CI

	


	

	
:EG:8>6I>DCD;:FJ>EB:CIDLC:96C9A:6H:9IDDI=:GH

	

	


	

,ID8@
76H:98DBE:CH6I>DC

	

	

	
':I688G:I>DC6BDGI>O6I>DCD;>CK:HIB:CIH:8JG>I>:H6K6>A67A:
;DG
H6A:

	 
	


	
BDGI>O6I>DCD;BDGI<6<:H:GK>8>C<G><=IH






BDGI>O6I>DCD;G><=ID;JH:6HH:IH

	


	



	

:;:GG:9>C8DB:I6M:H

	
 
	

	
%DHH:HDC>CK:HIB:CIH:8JG>I>:H6K6>A67A:
;DG
H6A:

	

	

	
(G><>C6I>DCHD;AD6CH=:A9;DGH6A:	C:ID;EG>C8>E6A8DAA:8I:9

	 
	

 
	
)GD8::9H;GDBI=:H6A:HD;AD6CH=:A9;DGH6A:

	

	

	


':I<6>CHDCH6A:D;AD6CH=:A9;DGH6A:

	 

 

':I<6>CHDCH6A:D;DI=:GG:6A:HI6I:6C9G:EDHH:HH>DCH

 
 

=6C<:>C>CI:G:HIG:8:>K67A:

	 
	 
	
=6C<:>C>CI:G:HIE6N67A:

	 
	

	
=6C<:>CDI=:G6HH:IH

	


	 
	

=6C<:>CDI=:GA>67>A>I>:H

	



	

	
(I=:G

	 


	
#5D381>759>?@5B1D9>713D9F9D95C

	

	

	
"CK:HI>C<68I>K>I>:H
)GD8::9H;GDBH6A:HD;>CK:HIB:CIH:8JG>I>:H6K6>A67A:
;DG
H6A:

	



	


	
)GD8::9H;GDBB6IJG>I>:H6C9E6N9DLCHD;>CK:HIB:CIH:8JG>I>:H6K6>A67A:
;DG
H6A:

	

	


	


)JG8=6H:HD;>CK:HIB:CIH:8JG>I>:H6K6>A67A:
;DG
H6A:


	
 
	 
	
':I8=6C<:>CE6GIC:GH=>E>CK:HIB:CIH

	 
	
 
	
':I8=6C<:>CDI=:G>CK:HIB:CIH

	

	



%D6CHHDA9DGE6GI>8>E6I:9IDDI=:GH

	

	

	

)GD8::9H;GDBEG>C8>E6AE6NB:CIHDC9>G:8I;>C6C8:A:6H:H

	

	


	

':I8=6C<:>CAD6CH6C9A:6H:H

	 
	 
	
':I8=6C<:>C:FJ>EB:CIDLC:9JC9:GDE:G6I>C<A:6H:H

	


	


	
)JG8=6H:HD;EG:B>H:H6C9:FJ>EB:CI


	
 
	 
	

)GD8::9H;GDB9>HEDH6AD;EG:B>H:H6C9:FJ>EB:CI






)GD8::9H;GDBH6A:HD;DI=:GG:6A:HI6I:6C9G:EDHH:HH>DCH

	


	

	
#5D381>759>9>F5CD9>713D9F9D95C

	
 
	
 
	

Q
,+

DGB
$

>C6C8>C<68I>K>I>:H
':I8=6C<:>C9:B6C99:EDH>IH6C9H6K>CCI>B:9:EDH>IH


	 
	


	
':I8=6C<:>CH=DGI
I:GB7DGGDL>CHHJ:9JC9:GHID8@EJG8=6H:EA6CH






8FJ>H>I>DCD;IG:6HJGNHID8@

	
 
 
	
':I9>HIG>7JI>DCHID8DCIG>7JI>DCH;GDBCDC8DCIGDAA>C<>CI:G:HIH

	 
	 
	

6H=9>K>9:C9HE6>9DC8DBBDCHID8@

	
 
	 
	

#5D381>759>69>1>39>713D9F9D95C

	 
	


	
':I8=6C<:>C86H=6C986H=:FJ>K6A:CIH

	 
	 
	
6H=6C986H=:FJ>K6A:CIH	7:<>CC>C<D;N:6G

	

	

	
6H=6C986H=:FJ>K6A:CIH	:C9D;N:6G

	

	

	
(E@@<5=5>D1<>6?B=1D9?>
'DC
86H=IG6CH68I>DCH
%D6CHIG6CH;:GG:9IDDI=:GG:6A:HI6I:6C9G:EDHH:HH>DCH

	


	

	

DBBDCHID8@B6I8=>C<8DCIG>7JI>DCIDBEADN::,ID8@(LC:GH=>E6C9)GD;>I,=6G>C<)A6C

	

	

	
+><=ID;JH:6HH:IHD7I6>C:9>C:M8=6C<:;DGA:6H:D7A><6I>DC

	


	

	
%>FJ>96I>DCD;CDC8DCIGDAA>C<>CI:G:HIH

	

	


K
)JG8=6H:HD;B6C96IDG>ANG:9::B67A:H:8JG>I>:HL>I=8DBBDCHID8@=:A9>CIG:6HJGN






K
"HHJ6C8:D;ADC<
I:GB9:7I;DG>CI6C<>7A:6HH:I68FJ>H>I>DC



T

T
6H=E6>9G:8:>K:9;DG
"CI:G:HI

	

	

	
"C8DB:I6M:H

	 
	

	
-=:688DBE6CN>C<CDI:H6G:6E6GID;I=:8DCHDA>96I:9;>C6C8>6AHI6I:B:CIH

Q
,+

DGB
$

'(-,-((',(%"-"''"%,--&'-,
#?D5K33?E>D9>7%?<9395C
HI,DJG8:DGEDG6I>DC>H676C@=DA9>C<8DBE6CN=:69FJ6GI:G:9>C,DJI=:C9	"C9>6C6I=6IEGDK>9:H	I=GDJ<=>IHHJ7H>9>6G>:H
8DAA:8I>K:ANG:;:GG:9ID6HUHI,DJG8:VDGUI=:DBE6CNV	67GD696GG6ND;;>C6C8>6AEGD9J8IH6C9H:GK>8:HHI,DJG8:6C@
U6C@V	>IH76C@>C<HJ7H>9>6GN	D;;:GH8DBB:G8>6A6C98DCHJB:G76C@>C<H:GK>8:H	IGJHI6C9L:6AI=69K>HDGNH:GK>8:H	6C9
>CHJG6C8:ID>C9>K>9J6A6C97JH>C:HH8A>:CIH-=:;DAADL>C<>H6HJBB6GND;H>;>86CI688DJCI>C<EDA>8>:H;DAADL:9>CI=:
EG:E6G6I>DCD;I=:8DCHDA>96I:9;>C6C8>6AHI6I:B:CIH
1C9C ?6 %B5C5>D1D9?> T -=: ;>C6C8>6A HI6I:B:CIH 8DCHDA>96I: HI ,DJG8:	 >IH HJ7H>9>6G>:H EG>C8>E6AAN I=: 6C@ 6C9 6CN
K6G>67A:>CI:G:HI:CI>I>:HU/"HV;DGL=>8=I=:DBE6CN=6H8DC8AJ9:9>I=6HH>;>86CI>CKDAK:B:CI>C6C9I=:67>A>INID
9>G:8II=:68I>K>I>:HI=6I>BE68II=::CI>INXH:8DCDB>8E:G;DGB6C8:AAH>;>86CI>CI:G8DBE6CN76A6C8:H6C9IG6CH68I>DCH=6K:
7::C :A>B>C6I:9 DG EJGEDH:H D; I=: E6G:CI 8DBE6CN DCAN ;>C6C8>6A >C;DGB6I>DC EG:H:CI:9 >C 'DI: 	 >CK:HIB:CIH >C
HJ7H>9>6G>:H6G:86GG>:96I:FJ>IN>CI=:JC9:GAN>C<C:I6HH:IH
*C5 ?6 CD9=1D5C 9> D85 %B5@1B1D9?> ?6 9>1>391< (D1D5=5>DC T >C6C8>6A HI6I:B:CIH EG:E6G:9 >C 688DG96C8: L>I= .,
<:C:G6AAN 688:EI:9 688DJCI>C< EG>C8>EA:H  ) G:FJ>G: I=: DBE6CN ID B6@: :HI>B6I:H 6C9 6HHJBEI>DCH I=6I 6;;:8I I=:
G:EDGI:96BDJCIHD;6HH:IH6C9A>67>A>I>:H6C99>H8ADHJG:D;8DCI>C<:CI6HH:IH6C9A>67>A>I>:H6II=:96I:D;I=:;>C6C8>6AHI6I:B:CIH
6C9I=:G:EDGI:96BDJCIHD;>C8DB:6C9:ME:CH:H9JG>C<I=:G:EDGI>C<E:G>D98IJ6AG:HJAIH8DJA99>;;:G;GDBI=DH::HI>B6I:H
EC9>5CC ?=29>1D9?>C T JH>C:HH 8DB7>C6I>DCH 6G: 688DJCI:9 ;DG JC9:G I=: EJG8=6H: B:I=D9 D; 688DJCI>C< .C9:G I=:
EJG8=6H:B:I=D9	6HH:IH6C9A>67>A>I>:HD;I=:7JH>C:HH68FJ>G:96G:G:8DG9:96II=:>G:HI>B6I:9;6>GK6AJ:H6HD;I=:96I:D;
68FJ>H>I>DCL>I=6CN:M8:HHD;I=:8DHID;I=:68FJ>H>I>DCDK:GI=:;6>GK6AJ:D;I=:C:II6C<>7A:6C9>CI6C<>7A:6HH:IH68FJ>G:9
G:8DG9:96HAA+:HJAIHD;DE:G6I>DCHD;I=:68FJ>G:97JH>C:HH6G:>C8AJ9:9>CI=:>C8DB:HI6I:B:CI;GDBI=:96I:D;
68FJ>H>I>DC
1C896I:96C9E6G:CI8DBE6CNDCANHI6I:B:CIHD;86H=;ADLH	I=:DBE6CN8DCH>9:GH
86H=6C99J:;GDB76C@H	;:9:G6A;JC9HHDA96C9>CI:G:HI7:6G>C<9:EDH>IHL>I=DI=:G76C@HL>I=DG><>C6AB6IJG>I>:HD;I=G::
BDCI=HDGA:HH6H86H=6C986H=:FJ>K6A:CIH
(53EB9D95CT,:8JG>I>:HI=6II=:DBE6CN=6HI=:67>A>IN6C9EDH>I>K:>CI:CIID=DA9IDB6IJG>IN6G:8A6HH>;>:96H>CK:HIB:CI
H:8JG>I>:H=:A9
ID
B6IJG>IN!:A9
ID
B6IJG>IN>CK:HIB:CIH:8JG>I>:H	L=:CEG:H:CI	6G:86GG>:96I6BDGI>O:98DHIHD;:8:B7:G
	
6C9
	I=:DBE6CN=:A9CDH:8JG>I>:H8A6HH>;>:96H=:A9
ID
B6IJG>IN,:8JG>I>:HI=6IB6N7:HDA9>CG:HEDCH:ID	DG
>C6CI>8>E6I>DCD;	8=6C<:H>C>CI:G:HIG6I:H6C9G:HJAI>C<EG:E6NB:CIG>H@	DG;DGDI=:G;68IDGH	6G:8A6HH>;>:96H6K6>A67A:
;DG
H6A:
6C96G:86GG>:96I;6>GK6AJ:.CG:6A>O:9<6>CH6C9ADHH:HDC9:7IH:8JG>I>:H6G:G:EDGI:9	C:ID;6EEA>867A:I6M:H	6H6H:E6G6I:
8DBEDC:CID;688JBJA6I:9DI=:G8DBEG:=:CH>K:>C8DB:ADHH>CH=6G:=DA9:GHX:FJ>IN.CG:6A>O:9<6>CH6C9ADHH:HDC:FJ>IN
H:8JG>I>:H6G:G:;A:8I:9	C:ID;6EEA>867A:I6M:H	>C:6GC>CA67A:
;DG
H6A:H:8JG>I>:H>C6CJCG:6A>O:9ADHHEDH>I>DC	I=:DBE6CN;>GHI6HH:HH:HL=:I=:G>I>CI:C9HIDH:AA	DG>I>HBDG:
A>@:ANI=6CCDII=6I>IL>AA7:G:FJ>G:9IDH:AAI=:H:8JG>IN7:;DG:G:8DK:GND;>IH6BDGI>O:98DHI76H>H";:>I=:GD;I=:H:8G>I:G>6
G:<6G9>C<>CI:CIDGG:FJ>G:B:CIIDH:AA>HB:I	I=:H:8JG>INXH6BDGI>O:98DHI76H>H>HLG>II:C9DLCID;6>GK6AJ:>C(I=:G"C8DB:
DC I=: DCHDA>96I:9 ,I6I:B:CIH D; "C8DB: DG 9:7I H:8JG>I>:H I=6I 9D CDI B::I I=: 6;DG:B:CI>DC:9 8G>I:G>6	 I=: DBE6CN
:K6AJ6I:H L=:I=:G I=: 9:8A>C: >C ;6>G K6AJ: =6H G:HJAI:9 ;GDB 8G:9>I ADHH:H DG DI=:G ;68IDGH "C B6@>C< I=>H 6HH:HHB:CI	
B6C6<:B:CI8DCH>9:GHI=::MI:CIIDL=>8=;6>GK6AJ:>HA:HHI=6C6BDGI>O:98DHI	C6IJG:D;I=:H:8JG>IN	I=:JC9:GAN>C<8DAA6I:G6A	
6C9I=:;>C6C8>6A8DC9>I>DCD;I=:>HHJ:G	6BDC<DI=:G;68IDGH";I=>H6HH:HHB:CI>C9>86I:H68G:9>IADHH:M>HIH	I=:EG:H:CIK6AJ:
D;86H=;ADLH:ME:8I:9ID7:8DAA:8I:9;GDBI=:H:8JG>IN6G:8DBE6G:9IDI=:6BDGI>O:98DHI76H>HD;I=:H:8JG>IN";I=:EG:H:CI
K6AJ:D;I=:86H=;ADLH:ME:8I:9ID7:8DAA:8I:9>HA:HHI=6CI=:6BDGI>O:98DHI76H>H	68G:9>IADHH:M>HIH6C96C6AADL6C8:;DG
6K6>A67A:
;DG
H6A: H:8JG>I>:H ADHH:H >H G:8DG9:9 ;DG I=: 8G:9>I ADHH	 A>B>I:9 7N I=: 6BDJCI I=6I I=: ;6>G K6AJ: >H A:HH I=6C I=:
6BDGI>O:98DHI76H>HCN>BE6>GB:CII=6I=6HCDI7::CG:8DG9:9I=GDJ<=6C6AADL6C8:;DG6K6>A67A:
;DG
H6A:H:8JG>I>:HADHH:H>H
G:8DO:9>CDI=:G8DBEG:=:CH>K:>C8DB:
=6C<:H >C I=: 6AADL6C8: ;DG 6K6>A67A:
;DG
H6A: H:8JG>I>:H 6G: G:8DG9:9 6H 6 8DBEDC:CI D; 8G:9>I ADHH :ME:CH: %DHH:H 6G:
8=6G<:9 6<6>CHI I=: 6AADL6C8: ;DG 6K6>A67A:
;DG
H6A: H:8JG>I>:H ADHH:H L=:C B6C6<:B:CI 7:A>:K:H I=: JC8DAA:8I>7>A>IN D; 6C
6K6>A67A:
;DG
H6A:H:8JG>IN>H8DC;>GB:9DGL=:C:>I=:G8G>I:G>6G:<6G9>C<>CI:CIDGG:FJ>G:B:CIIDH:AA>HB:I
:7I6C9:FJ>INH:8JG>I>:HI=6I6G:EJG8=6H:96C9=:A9EG>C8>E6AAN;DGI=:EJGEDH:D;H:AA>C<I=:B>CI=:C:6GI:GB6G:8A6HH>;>:9
6HIG69>C<688DJCIH:8JG>I>:H6C96G:86GG>:96I;6>GK6AJ:L>I=JCG:6A>O:9<6>CH6C9ADHH:HG:EDGI:9>C:6GC>CO:9<6>CH
6C9ADHH:HDCI=:H6A:HD;6AAH:8JG>I>:H6G:G:EDGI:9>C:6GC>CC<I=:HE:8>;>8>9:CI>;>86I>DC8DHI76H>H

Q
,+

DGB
$

(I=:G>CK:HIB:CIH8DCH>HID;H=6G:HD;:9:G6A!DB:%D6C6C@D;"C9>6C6EDA>H!%"6C9:9:G6A+:H:GK:6C@HID8@H
G:HIG>8I:9 B:B7:G HID8@H	 I=:H: >CK:HIB:CIH 6G: 86GG>:9 6I 8DHI DI= 86H= 6C9 HID8@ 9>K>9:C9H G:8:>K:9 DC I=: HID8@H 6G:
G:EDGI:9 6H >C8DB: *J6GI:GAN	 I=: DBE6CN G:K>:LH >IH >CK:HIB:CI >C !%" ;DG >BE6>GB:CI 68IDGH 8DCH>9:G:9 >C
9:I:GB>C>C<>BE6>GB:CI6G:=>HIDGND;9>K>9:C9E6NB:CIH9:I:GB>C6I>DCD;86JH:;DG6CNC:IADHH69:FJ68ND;86E>I6A6C9
G:K>:LD;I=:BDHIG:8:CI;>C6C8>6AHI6I:B:CIHHD;:8:B7:G	
6C9
	>IL6H9:I:GB>C:9I=6II=:DBE6CNXH
>CK:HIB:CI>C!%"HID8@>H6EEGDEG>6I:ANK6AJ:96I8DHI	L=>8=:FJ6I:HIDE6GK6AJ:"C699>I>DC	DI=:G>CK:HIB:CIH>C8AJ9:
>CI:G:HI 7:6G>C< 9:EDH>IH L>I= DI=:G 76C@H L>I= DG><>C6A B6IJG>I>:H D; CK:HIB:CIH 6G: >C
9:CDB>C6I>DCH	>C8AJ9>C<688GJ:9>CI:G:HI	I=6I6G:;JAAN>CHJG:97NI=:"
!?1>C1>4!51C5CT%D6CH6G:HI6I:96II=:EG>C8>E6A6BDJCIDJIHI6C9>C<	C:ID;JC6BDGI>O:99:;:GG:9AD6CDG><>C6I>DC;::H
6C98DHIH6C9C:ID;JC:6GC:9>C8DB:"CI:G:HI>C8DB:>H688GJ:96H:6GC:976H:9DCJCE6>9EG>C8>E6A76A6C8:H(G><>C6I>DC;::H
6C99>G:8IAD6C6C9A:6H:DG><>C6I>DC8DHIH6G:9:;:GG:9	6C9I=:C:I6BDJCI6BDGI>O:9ID>CI:G:HI>C8DB:DK:GI=::HI>B6I:9A>;:
D;I=:G:A6I:9AD6CDGA:6H:%D6C8DBB>IB:CI;::H6G:9:;:GG:96C96BDGI>O:9>CIDDI=:G>C8DB:DK:GI=:8DBB>IB:CIE:G>D9
>G:8I;>C6C8>C<A:6H:H6G:86GG>:96II=:6<B6I:9G:H>9J6AK6AJ:D;I=:A:6H:9EGDE:GIN	C:ID;
JC6BDGI>O:9 9:;:GG:9 A:6H: DG><>C6I>DC ;::H 6C9 8DHIH 6C9 JC:6GC:9 >C8DB: (CAN I=DH: 8DHIH >C8JGG:9 6H 6 9>G:8I G:HJAI D;
8ADH>C< 6 A:6H: IG6CH68I>DC 6G: 86E>I6A>O:9 6C9 6AA >C>I>6A 9>G:8I 8DHIH 6G: :ME:CH:9 >BB:9>6I:AN "CI:G:HI >C8DB: DC 9>G:8I
;>C6C8>C< A:6H:H >H G:8DO:9 DK:G I=: I:GB D; I=: A:6H: ID 68=>:K: 6 8DCHI6CI E:G>D9>8 G6I: D; G:IJGC DC I=: DJIHI6C9>C<
>CK:HIB:CI
88GJ:9>CI:G:HI>H>C8AJ9:9>C88GJ:9"C8DB:6C9(I=:GHH:IHDCI=:DCHDA>96I:9,I6I:B:CIHD;>C6C8>6ADC9>I>DC-=:
688GJ6AD;>CI:G:HIDCAD6CH6C9A:6H:H>H9>H8DCI>CJ:9L=:C6AD6CDGA:6H:7:8DB:H8DCIG68IJ6AAN9:A>CFJ:CI;DG
96NH	DG
L=:C6C>C9>K>9J6A6C6ANH>HD;67DGGDL:GXH8G:9>ILDGI=>C:HH>C9>86I:H68G:9>IH=DJA97:EA68:9DCCDCE:G;DGB>C<HI6IJH	
:M8:EI;DGG:H>9:CI>6ABDGI<6<:AD6CH6C98DCHJB:GAD6CHI=6I6G:L:AAH:8JG:96C9>CI=:EGD8:HHD;8DAA:8I>DC0=:C>CI:G:HI
688GJ6AH6G:9>H8DCI>CJ:9	>CI:G:HI8G:9>I:9ID>C8DB:>CI=:8JGG:CIN:6G>HG:K:GH:96C9>CI:G:HI688GJ:9>CI=:EG>DGN:6G>H
8=6G<:9IDI=:6AADL6C8:;DGAD6C6C9A:6H:ADHH:H!DL:K:G	>CHDB:86H:H	I=:DBE6CNB6N:A:8IID8DCI>CJ:I=:688GJ6AD;
>CI:G:HIL=:CI=:C:IG:6A>O67A:K6AJ:D;8DAA6I:G6A>HHJ;;>8>:CIID8DK:GI=:EG>C8>E6A6C9688GJ:9>CI:G:HI0=:C6AD6CDGA:6H:
>H8A6HH>;>:96HCDC688GJ6A6C9I=:;JIJG:8DAA:8I67>A>IND;I=:G:8DG9:9AD6CDGA:6H:76A6C8:>H9DJ7I;JA	8DAA:8I>DCHDC>CI:G:HI
6C9EG>C8>E6A6G:6EEA>:96H6G:9J8I>DCIDEG>C8>E6ADJIHI6C9>C<%D6CH6G:G:IJGC:9ID688GJ6AHI6IJHL=:C6AAEG>C8>E6A6C9
>CI:G:HI6BDJCIH8DCIG68IJ6AAN9J:6G:7GDJ<=I8JGG:CI6C9;JIJG:E6NB:CIH6G:G:6HDC67AN6HHJG:9	L=>8=>HINE>86AAN:K>9:C8:9
7N6HJHI6>C:9G:E6NB:CIE:G;DGB6C8:D;6IA:6HIH>MBDCI=H
(886H>DC6AAN	 I=: DBE6CN BD9>;>:H AD6CH 6C9 A:6H:H ID 7DGGDL:GH :ME:G>:C8>C< ;>C6C8>6A 9>;;>8JAIN INE>86AAN 9:CDI:9 7N
>CI:GC6A8G:9>IFJ6A>IN9>C<I:GB:MI:CH>DCH	DI=:G
I=6C
>CH>;>86CIE6NB:CI9:A6NH	DG
>CI:G:HIG6I:G:9J8I>DCH"CHDB:86H:H	BJAI>EA:BD9>;>86I>DCH6G:B69:IDI=:H6B:AD6CDGA:6H:-=:H:BD9>;>86I>DCHINE>86AAN
G:HJAI;GDBI=:DBE6CNXHADHHB>I><6I>DC68I>K>I>:H";I=:DBE6CN9:I:GB>C:HI=6II=:K6AJ:D;I=:BD9>;>:9AD6C>HA:HHI=6C
I=: G:8DG9:9 >CK:HIB:CI >C I=: AD6C C:I D; EG:K>DJH 8=6G<:
D;;H	 9:;:GG:9 AD6C ;::H DG 8DHIH 6C9 JC6BDGI>O:9 EG:B>JB DG
9>H8DJCI	>BE6>GB:CI>HG:8DO:9I=GDJ<=6C6AADL6C8:;DGAD6C6C9A:6H:ADHH:H:HI>B6I:DG68=6G<:
D;;IDI=:6AADL6C8:;DG
AD6C6C9A:6H:ADHH:H
-=: DBE6CN H:AAH BDGI<6<: AD6CH ID I=:  DK:GCB:CI '6I>DC6A &DGI<6<: HHD8>6I>DC  '& >C I=: CDGB6A 8DJGH: D;
7JH>C:HH 6C9 G:I6>CH I=: H:GK>8>C< G><=IH -=:  '& EGD8= I=: AD6CH 6G: HDA9 6AADL I=: DBE6CN ID
G:EJG8=6H: >C9>K>9J6A 9:A>CFJ:CI AD6CH I=6I B::I 8:GI6>C 8G>I:G>6 ;GDB I=: H:8JG>I>O:9 AD6C EDDA I >IH DEI>DC	 6C9 L>I=DJI
 '&XHEG>DG6JI=DG>O6I>DC	I=:DBE6CNB6NG:EJG8=6H:69:A>CFJ:CIAD6C;DG6C6BDJCI:FJ6AID

D;I=:G:B6>C>C<
EG>C8>E6A76A6C8:DCI=:AD6C(C8:I=:DBE6CN=6HI=:JC8DC9>I>DC6A67>A>INIDG:EJG8=6H:69:A>CFJ:CIAD6C	I=:DBE6CN>H
9::B:9ID=6K:G:<6>C:9:;;:8I>K:8DCIGDADK:GI=:AD6C6C9I=:DBE6CN>HG:FJ>G:9IDG:8DO:I=:AD6CDC>IH76A6C8:H=::I
6C9G:8DG96CD;;H:II>C<A>67>A>IN	G:<6G9A:HHD;>IH>CI:CIIDG:EJG8=6H:I=:AD6CI:8:B7:G	
6C9
	G:H>9:CI>6AG:6A
:HI6I:EDGI;DA>DAD6CH>C8AJ9:9B>AA>DC6C9B>AA>DC	G:HE:8I>K:AN	D;AD6CH6K6>A67A:;DGG:EJG8=6H:JC9:GI=: '&
DEI>DC6AG:EJG8=6H:EGDI=I=:D;;H:II>C<A>67>A>ING:8DG9:9L>I=>C(I=:G,=DGI
I:GBDGGDL>C96I:9
,I6I:B:CIHD;>C6C8>6A)DH>I>DC
"?BD71751>;9>73D9F9D95CT%D6CH=:A9;DGH6A:6G:8DBEDH:9D;E:G;DGB>C<DC:
ID
;DJG;6B>ANG:H>9:CI>6ABDGI<6<:
AD6CHDG><>C6I:9;DGG:H6A:&DGI<6<:AD6CHDG><>C6I:9L>I=I=:>CI:CIIDH:AA6G:86GG>:96I;6>GK6AJ:
-=:DBE6CNG:8DO:HI=:G><=IHIDH:GK>8:BDGI<6<:AD6CH;DGDI=:GH6HH:E6G6I:6HH:IH	L=:I=:GI=:H:GK>8>C<G><=IH6G:
68FJ>G:9 I=GDJ<= 6 H:E6G6I: EJG8=6H: DG I=GDJ<= I=: H6A: D; DG><>C6I:9 AD6CH L>I= H:GK>8>C< G><=IH G:I6>C:9 -=: DBE6CN
6AAD86I:H6EDGI>DCD;I=:IDI6AEGD8::9HD;6BDGI<6<:AD6CIDH:GK>8>C<G><=IH76H:9DCI=:G:A6I>K:;6>GK6AJ:-=:H:6HH:IH6G:
6BDGI>O:96HG:9J8I>DCHD;BDGI<6<:H:GK>8>C<;::>C8DB:DK:GI=::HI>B6I:9H:GK>8>C<E:G>D9>CEGDEDGI>DCIDI=::HI>B6I:9
H:GK>8>C<>C8DB:ID7:G:8:>K:9-=:76A6C8:D;&,+H>HAD86I:9>C88GJ:9"C8DB:6C9(I=:GHH:IHDCI=:DCHDA>96I:9
,I6I:B:CIHD;>C6C8>6ADC9>I>DC6C9I=:<6>CH6C9ADHH:HDCI=:H6A:D;&,+H6G:G:8DO:9>C'DC>CI:G:HI"C8DB:DCI=:
DCHDA>96I:9,I6I:B:CIHD;"C8DB:>CI=:E:G>D9>CL=>8=HJ8=G><=IH6G:HDA9

Q
,+

DGB
$

&,+H6G::K6AJ6I:9;DG>BE6>GB:CI6I:68=G:EDGI>C<96I:DGEJGEDH:HD;>BE6>GB:CIB:6HJG:B:CI	&,+H6G:HIG6I>;>:976H:9
DCI=:EG:9DB>C6CIG>H@8=6G68I:G>HI>8HD;I=:JC9:GAN>C<H:GK>8>C<	EG>C8>E6AAN7NAD6CINE:";I:BEDG6GN>BE6>GB:CI:M>HIH
L>I=>C6IG6C8=:	6K6AJ6I>DC6AADL6C8:>H:HI67A>H=:9I=GDJ<=68=6G<:ID>C8DB::FJ6AIDI=:6BDJCI7NL=>8=I=:86GGN>C<
K6AJ: :M8::9H I=: ;6>G K6AJ: "; >I >H A6I:G 9:I:GB>C:9 6AA DG 6 EDGI>DC D; I=: I:BEDG6GN >BE6>GB:CI CD ADC<:G :M>HIH ;DG 6
E6GI>8JA6GIG6C8=:	I=:K6AJ6I>DC6AADL6C8:>HG:9J8:9I=GDJ<=6G:8DK:GND;>C8DB:
&,+H6G:6AHDG:K>:L:9;DGE:GB6C:CI>BE6>GB:CI):GB6C:CI>BE6>GB:CI:M>HIHL=:CG:8DK:G67>A>IND;6G:8DG9:9K6AJ6I>DC
6AADL6C8:>H9:I:GB>C:9ID7:G:BDI:8DCH>9:G>C<=>HIDG>86A6C9EGD?:8I:9>CI:G:HIG6I:H	EG:E6NB:CIH	6C9AD6CE6N
D;;68I>K>IN
0=:C I=>H H>IJ6I>DC D88JGH	 I=: JCG:8DK:G67A: EDGI>DC D; I=: K6AJ6I>DC 6AADL6C8: >H 6EEA>:9 6H 6 9>G:8I LG>I:
9DLC ID I=:
86GGN>C<K6AJ:D;I=:&,+H.CA>@:6K6AJ6I>DC6AADL6C8:	69>G:8ILG>I:
9DLCE:GB6C:CIANG:9J8:HI=:86GGN>C<K6AJ:D;I=:
&,+H6C9I=:K6AJ6I>DC6AADL6C8:	EG:8AJ9>C<HJ7H:FJ:CIG:8DK:G>:H
HE6GID;BDGI<6<:76C@>C<DE:G6I>DCH	I=:DBE6CN:CI:GH>CID8DBB>IB:CIHIDDG><>C6I:AD6CHL=:G:7NI=:>CI:G:HIG6I:DC
I=:H:AD6CH>H9:I:GB>C:9EG>DGID;JC9>C<UG6I:AD8@8DBB>IB:CIHV,>B>A6GIDAD6CH=:A9;DGH6A:	I=:;6>GK6AJ:D;G6I:AD8@
8DBB>IB:CIH>HHJ7?:8IID8=6C<:EG>B6G>AN9J:ID8=6C<:H>C>CI:G:HIG6I:H.C9:GI=:DBE6CNXHG>H@B6C6<:B:CIEDA>8N	
I=:H:;6>GK6AJ:H6G:=:9<:9EG>B6G>AN7NH:AA>C<;DGL6G98DCIG68IHDC6<:C8NH:8JG>I>:H6II=:I>B:I=:>CI:G:HIG6I:AD8@H6G:
>HHJ:9IDI=:8JHIDB:GH-=:G6I:AD8@8DBB>IB:CIHDCBDGI<6<:AD6CH>CI:C9:9ID7:HDA96C9I=:G:A6I:9=:9<>C<>CHIGJB:CIH
6G:G:8DG9:96I;6>GK6AJ:L>I=8=6C<:H>C;6>GK6AJ:G:8DG9:9>C8JGG:CI:6GC>CC65BC?69>1>391<CC5DCT-G6CH;:GHD;;>C6C8>6A6HH:IH6G:688DJCI:9;DG6HH6A:HL=:C8DCIGDADK:GI=:6HH:IH=6H7::C
G:A>CFJ>H=:9DCIGDADK:GIG6CH;:GG:96HH:IH>H9::B:9ID7:HJGG:C9:G:9L=:CI=:6HH:IH=6K:7::CA:<6AAN>HDA6I:9;GDBI=:
DBE6CN	I=:IG6CH;:G::D7I6>CHI=:G><=I;G::D;8DC9>I>DCHI=6I8DCHIG6>C>I;GDBI6@>C<69K6CI6<:D;I=6IG><=IIDEA:9<:DG
:M8=6C<:I=:IG6CH;:GG:96HH:IH	6C9I=:DBE6CN9D:HCDIB6>CI6>C:;;:8I>K:8DCIGDADK:GI=:IG6CH;:GG:96HH:IH
<356?BB549D!?CC5C
%D6CH6C9A:6H:HT88GJ:9>CI:G:HIDCAD6CH6C9A:6H:H>H:M8AJ9:9;GDBI=:86A8JA6I>DCD;I=:6AADL6C8:;DG8G:9>IADHH:H9J:
IDI=:DBE6CNXH8=6G<:
D;;EDA>8NIDG:K:GH:688GJ:9>CI:G:HIDCCDCE:G;DGB>C<AD6CH6<6>CHI>CI:G:HI>C8DB:>C6I>B:AN
B6CC:GME:8I:98G:9>IADHH:HDCC:I>CK:HIB:CIH>CA:6H:H	>C8AJ9>C<6CNJC9J6A6HH:I	6G:>C8AJ9:9>CI=:
6AADL6C8:;DGAD6C6C9A:6H:ADHH:H
AADL6C8:;DG%D6C6C9%:6H:%DHH:HT-=:6AADL6C8:;DG8G:9>IADHH:H>H:HI67A>H=:9;DG8JGG:CI:ME:8I:98G:9>IADHH:HDCI=:
DBE6CNXHAD6C6C9A:6H:EDGI;DA>D"I>HI=:DBE6CNXHEDA>8NIDB6>CI6>CI=:6AADL6C8:6I6A:K:A7:A>:K:9ID7:69:FJ6I:ID
67HDG7:HI>B6I:98G:9>IADHH:HL>I=>C>IHEDGI;DA>DD;AD6CH6C9A:6H:H-=:9:I:GB>C6I>DCD;I=:6AADL6C8:G:FJ>G:HH>;>86CI
?J9B6I:8G:9>IADHH:HB:6HJG:9DC68DAA:8I>K:EDDA76H>HL=:CH>B>A6GG>H@8=6G68I:G>HI>8H:M>HI	6C9;DGAD6CH
:K6AJ6I:9 >C9>K>9J6AAN "C 9:I:GB>C>C< I=: 6AADL6C8:	 I=: DBE6CN :HI>B6I:H :ME:8I:9 ;JIJG: ADHH:H ;DG I=: AD6CXH :CI>G:
8DCIG68IJ6A I:GB 69?JHI:9 ;DG :ME:8I:9 E6NB:CIH L=:C 6EEGDEG>6I: -=: 6AADL6C8: :HI>B6I: 8DCH>9:GH G:A:K6CI 6K6>A67A:
>C;DGB6I>DC	;GDB>CI:GC6A6C9:MI:GC6AHDJG8:HG:A6I>C<IDI=:=>HIDG>86AADHH:ME:G>:C8:	8JGG:CI8DC9>I>DCH	6C9G:6HDC67A:6C9
HJEEDGI67A: ;DG:86HIH ;DG I=: DBE6CNXH DJIHI6C9>C< AD6C 6C9 A:6H: 76A6C8:H -=: 6AADL6C8: >H 6C :HI>B6I>DC I=6I G:;A:8IH
B6C6<:B:CIXH:K6AJ6I>DCD;:ME:8I:9ADHH:HG:A6I:9IDI=:DBE6CNXH;>C6C8>6A6HH:IHB:6HJG:96I6BDGI>O:98DHI-D:CHJG:
I=6II=:6AADL6C8:>HB6>CI6>C:96I6C69:FJ6I:A:K:A	69:I6>A:96C6ANH>H>HE:G;DGB:9DC6FJ6GI:GAN76H>H6C96C6EEGDEG>6I:
EGDK>H>DC>HB69:ID69?JHII=:6AADL6C8:
-=: DBE6CN 86I:O:H >IH AD6C EDGI;DA>DH >CID C>C: H:B>A6G G>H@ 8=6G68I:G>HI>8H %D6CH L>I=>C :68=
H:K:AN:K6AJ6I:9JH>C<:>I=:G68D=DGI8JBJA6I>K:ADHHG6I:B:I=D9DADA>IND;
9:;6JAIU)VADHH<>K:C9:;6JAIU% VB:I=D9DADH6EEA>:9IDJCDH	EDGI;DA>DHL=:G:G:8:>EID;;>C6C8>6AHI6I:B:CIH>H<:C:G6AANA:HH
I>B:AN	6C9EDGI;DA>DHL=:G:I=:G:6G:CJB:GDJHHB6AA9DAA6G688DJCIHI=6I6G:8G:9>IH8DG:9%D6CH6G:7GD@:CDJI7N>CI:GC6A
G>H@G6I>C<AD6C6A6II:CI>DCDGJCDH	I=:G:>HDCANDC:EDDA-=:8D=DGI
B:I=D9DADDCFJ6A>I6I>K:69?JHIB:CIH86EIJG:6CN9>;;:G:C8:HI=6IB6N:M>HI7:IL::CI=:8JGG:CI
6C9=>HIDG>86A8DC9>I>DCH
-=:)% B:I=D9DADH6EEA>:9IDDH9J:IDI=:FJ6CI>I6I>K:C6IJG:D;I=:DBE6CNXHG>H@G6I>C<HNHI:B
6C9>H8DCH>HI:CIL>I=I=:DBE6CNXH9:;>C>I>DCD;G>H@	9DLCC<68G:9>IL=:G:6C9L=:C6EEGDEG>6I:6C9G:8DO>C<
ADHH:H>C6I>B:ANB6CC:G%D6CH6G:7GD@:CDJI7NG>H@G6I>C<AD6CO:98DHI
AD6C76A6C8:HG6I=:GI=6C8DJCIH6G:JH:9;DG9:I:GB>C>C<I=:IG6CH>I>DC6C99:;6JAIEGD767>A>I>:H-=:DBE6CNJH:HG>H@
G6I>C< 76C9H 6H I=: 68I>K: HI6I: ID IG68@ I=: BDK:B:CI D; AD6CH I=GDJ<= I=: IG6CH>I>DC B6IG>M -=: IG6CH>I>DC ;G:FJ:C8N >H
FJ6GI:GAN:;6JAI>H9:;>C:96HI=:ED>CI6IL=>8=6AD6C>HEA68:9DCCDC
688GJ6AHI6IJH"C699>I>DC	68=6G<:
D;;>H6HHJB:9ID
7:69:;6JAI>:6AD6CC<ID8=6G<:
D;;	L>I=DJI:K:G7:>C<DCCDC
688GJ6AHI6IJH-=:)>HI=:8JBJA6I>K:
EGD767>A>IND;9:;6JAI:HI>B6I:97NJH:D;6IG6CH>I>DCB6IG>M76H:9DC6&6G@DKIG6CH>I>DCB6IG>MB:I=D9DAD8=86EIJG:H
I=:B>DCD;6AD6C;GDBDC:G>H@G6I>C<76C9ID6CDI=:G-=:% >HI=:G6I>DD;ADHHG:A6I>K:IDI=::MEDHJG:6BDGI>O:9
8DHI6I9:;6JAI

Q
,+

DGB
$

-=:8JGG:CI:ME:8I:98G:9>IADHHB:I=D9DADDCE:G>D9D;6H>B>A6G9JG6I>DC	G:K:GI>C<:ME:8I:98G:9>IADHH:H
ID6A:K:AI=6I>H8DCH>HI:CIL>I=DJG=>HIDG>86AADHH:ME:G>:C8:DG:86HI69?JHIB:CIH6G:699:9K>676H>HED>CIH;DGI=:8D=DGI
B:I=D9DADA>IN D; 9:;6JAI ;68IDG 6G: 6EEA>:9 I=GDJ<= ;DG:86HI
69?JHIB:CIHIDI=:);68IDGJH:96HI=:76H:A>C:IG6CH>I>DCB6IG>MGJCDJI	I=JH>BE68I>C<I=:=>HIDG>86AADHHG6I>D-=:DBE6CN
9:K:ADE:9>IHG:6HDC67A:6C9HJEEDGI67A:;DG:86HIHJH>C<G:A:K6CI96I6>C8AJ9>C<	7JICDIA>B>I:9ID	C8
EGD9J8I	 JC:BEADNB:CI G6I:H	 =DJH>C< B6G@:I IG:C9H	 8DBBD9>IN EG>8:H	 >C;A6I>DC	 6C9 DI=:G ;68IDGH 6HHD8>6I:9 L>I= 8G:9>I
ADHH:HDCI=:;>C6C8>6AHI6I:B:CIH
DG7DI=I=:8D=DGI6C9I=:)% B:I=D9DAD<>:H	I=:DBE6CNJH:HFJ6A>I6I>K:69?JHIB:CIHID86EIJG:9>;;:G:C8:HI=6IB6N
:M>HI 7:IL::C I=: 8JGG:CI 6C9 =>HIDG>86A 8DC9>I>DCH *J6A>I6I>K: ;68IDGH >C8AJ9: 7JI 6G: CDI A>B>I:9 ID 8JGG:CI B6G@:I G>H@
6HH:HHB:CI 7N >C9JHIGN	 G:8:CI ADHH :ME:G>:C8: >C E6GI>8JA6G H:DH	 BDK:B:CI >C :FJ>EB:CI K6AJ:H
8DAA6I:G6A>O>C<HE:8>6A>O:9>C9JHIGNEDGI;DA>DH	8DC8:CIG6I>DCHD;8G:9>IG>H@	9:A>CFJ:C8>:H	IG:C9H>CKDAJB:	:ME:G>:C8:6C9
9:EI=D;G:A6I>DCH=>EB6C6<:GH6C99>K>H>DCB6C6<:B:CI	6C9I=::;;:8IHD;8=6C<:H>CA:C9>C<EDA>8>:H6C9EG68I>8:H	>C8AJ9>C<
8=6C<:H>CFJ6A>IND;I=:AD6C6C9A:6H:DG><>C6I>DC	H:GK>8>C<6C9G>H@B6C6<:B:CIEGD8:HH
%D6CH L=>8= :M=>7>I 9>;;:G:CI G>H@ 8=6G68I:G>HI>8H I=6C I=: EDDA 6G: :K6AJ6I:9 >C9>K>9J6AAN ;DG EDI:CI>6A 8G:9>I 9:I:G>DG6I>DC
%D6CH :K6AJ6I:9 >C9>K>9J6AAN 6G: CDI >C8AJ9:9 >C I=: 8DAA:8I>K: :K6AJ6I>DC -=:H: AD6CH 86C 7: >9:CI>;>:9 ;GDB 6 K6G>:IN D;
HDJG8:H>C8AJ9>C<9:A>CFJ:C8N	CDC
688GJ6AHI6IJH	6C98DBEA:MDGJCJHJ6AIG6CH68I>DCH-=:H8DE:B6N>C8AJ9:688GJ>C<AD6CH
I=6I:M=>7>IG>H@8=6G68I:G>HI>8HL=>8=9>;;:G;GDBI=:>GEDDADGCDC
E:G;DGB>C<AD6CHL>I=G>H@8=6G68I:G>HI>8H9>HH>B>A6GIDDI=:G
HE:8>6A6II:CI>DCAD6CH>CI=:>GEDDA"C9>K>9J6AG:H:GK:H6G:9:I:GB>C:976H:9DC6C6C6ANH>HD;I=:AD6CXH:ME:8I:9;JIJG:86H=
;ADLH	I=:AD6CXHD7H:GK67A:B6G@:IK6AJ:	DGI=:;6>GK6AJ:D;I=:8DAA6I:G6AA:HH8DHIHIDH:AA0=:C;DG:8ADHJG:>HEGD767A:	
8G:9>I9:I:G>DG6I>DC>H9:I:GB>C:976H:9DCI=:8DAA6I:G6AXH;6>GK6AJ:A:HH8DHIHIDH:AAH6EG68I>86A:ME:9>:CI	;6>GK6AJ:A:HH
8DHIHIDH:AAB6N7:JH:9L=:C9:K:ADE>C<I=::HI>B6I:D;8G:9>IADHH:H,>B>A6GAN	;DG6C<8DC8:GC6C6ANH>H	69>H8DJCI:9
86H=B:I=D9B6N7:JH:9
%>67>A>IN;DGG:9>I%DHH:HDC.C;JC9:9%D6CDBB>IB:CIHT-=:A>67>A>IN;DG8G:9>IADHH:HDC8DBB>IB:CIHIDDG><>C6I:
AD6CH6C9HI6C97NA:II:GHD;8G:9>I>H>C8AJ9:9>C88GJ:9ME:CH:H6C9(I=:G%>67>A>I>:HDCI=:DCHDA>96I:9,I6I:B:CIHD;
>C6C8>6ADC9>I>DCME:8I:98G:9>IADHH:H6G::HI>B6I:9DK:GI=:8DCIG68IJ6AE:G>D9>CL=>8=I=:DBE6CN>H:MEDH:9ID8G:9>I
G>H@K>668DCIG68IJ6AD7A><6I>DCJCA:HHI=:D7A><6I>DC>HJC8DC9>I>DC6AAN86C8:A67A:7NI=:DBE6CN-=:A>67>A>IN;DG8G:9>I
ADHH:HDCJC;JC9:9AD6C8DBB>IB:CIH>H69?JHI:9>CI=:)GDK>H>DC;DGG:9>I%DHH:HDCI=:DCHDA>96I:9,I6I:B:CIHD;"C8DB:
-=: :HI>B6I: >C8AJ9:H 8DCH>9:G6I>DC D; I=: A>@:A>=DD9 I=6I ;JC9>C< L>AA D88JG 6C9 6C :HI>B6I: D; :ME:8I:9 8G:9>I ADHH:H DC
8DBB>IB:CIH:ME:8I:9ID7:;JC9:9DK:G>IH:HI>B6I:9JH:;JAA>;::86JH:7JH>C:HHEGD8:HH:H6C98G:9>IG>H@H6HHD8>6I:9L>I=
JC;JC9:9 8G:9>I 8DBB>IB:CIH 6G: :HH:CI>6AAN I=: H6B: 6H ;DG AD6CH	 I=: DBE6CN JI>A>O:H H>B>A6G EGD8:HH:H ID :HI>B6I: >IH
A>67>A>IN;DGJC;JC9:98G:9>I8DBB>IB:CIH
AE9@=5>D$G>54*>45B$@5B1D9>7!51C5CTH6A:HHDG	I=:DBE6CN;>C6C8:HK6G>DJHINE:HD;8DCHIGJ8I>DC:FJ>EB:CI	
B:9>JB6C9=:6KN9JINIGJ8@H	6JIDBD7>A:H6C9DI=:G:FJ>EB:CIJC9:GA:6H:H8A6HH>;>:96HDE:G6I>C<A:6H:H-=::FJ>EB:CI
JC9:GAN>C<I=:DE:G6I>C<A:6H:H>HG:EDGI:96I8DHI	C:ID;688JBJA6I:99:EG:8>6I>DC	DCI=:DCHDA>96I:9,I6I:B:CIHD;>C6C8>6A
DC9>I>DC-=:H:DE:G6I>C<A:6H:6GG6C<:B:CIHG:FJ>G:I=:A:HH::IDB6@:6;>M:9BDCI=ANG:CI6AE6NB:CIDK:G6HE:8>;>:9A:6H:
I:GB<:C:G6AANG6C<>C<;GDBI=G::N:6GHIDH:K:CN:6GH+:K:CJ:8DCH>HIHD;I=:8DCIG68IJ6AA:6H:E6NB:CIH6C9>HG:8DO:9DC
6HIG6><=I
A>C:76H>HDK:GI=:A:6H:I:GB6C9G:EDGI:9>C'DC>CI:G:HI"C8DB:DCI=:DCHDA>96I:9,I6I:B:CIHD;"C8DB:%:6H:9
6HH:IH6G:9:EG:8>6I:9DC6HIG6><=I
A>C:B:I=D9DK:GI=:A:6H:I:GBIDI=::HI>B6I:D;I=::FJ>EB:CIXH;6>GB6G@:IK6AJ:6IA:6H:
I:GB>C6I>DC	6AHDG:;:GG:9ID6HUG:H>9J6AVK6AJ:-=:9:EG:8>6I>DCD;I=:H:DE:G6I>C<A:6H:6HH:IH>HG:EDGI:9>C'DC>CI:G:HI
ME:CH:DCI=:DCHDA>96I:9,I6I:B:CIHD;"C8DB:DG6JIDBD7>A:A:6H:H	;6>GK6AJ:>H76H:9JEDCEJ7A>H=:9>C9JHIGNB6G@:I
9:HDGDI=:G:FJ>EB:CIA:6H:H	;6>GK6AJ:B6N7:76H:9JEDCD7H:GK67A:B6G@:IEG>8:H	I=>G9
E6GINK6AJ6I>DCH	DGEG>8:H
G:8:>K:9 DC H6A:H D; H>B>A6G 6HH:IH 6I I=: :C9 D; I=: A:6H: I:GB -=:H: G:H>9J6A K6AJ:H 6G: G:K>:L:9 6CCJ6AAN ID :CHJG: I=:
G:8DG9:96BDJCI9D:HCDI:M8::9I=:;6>GB6G@:IK6AJ:6II=:A:6H:I:GB>C6I>DCII=::C9D;I=:A:6H:	I=:DE:G6I>C<A:6H:6HH:I
>H:>I=:GEJG8=6H:97NI=:A:HH::DGG:IJGC:9IDI=:DBE6CN-=:DBE6CN>HG:HEDCH>7A:;DGI=:E6NB:CID;E:GHDC6AEGDE:GIN
I6M:HL=>8=>HG:EDGI:9>C(I=:GME:CH:DCI=:DCHDA>96I:9,I6I:B:CIHD;"C8DB:-=:A:HH::>HG:HEDCH>7A:;DGG:>B7JGH>C<
I=:DBE6CN;DGE:GHDC6AEGDE:GINI6M:HL=>8=>HG:EDGI:9>C(I=:G"C8DB:DCI=:DCHDA>96I:9,I6I:B:CIHD;"C8DB:-=:
DBE6CN:M8AJ9:HH6A:HI6M:H6C9DI=:GH>B>A6GI6M:H;GDB7:>C<G:EDGI:96HA:6H:G:K:CJ:L>I=6C6HHD8>6I:9:ME:CH:
!51C5 ?==9D=5>DC T -=: DBE6CN A:6H:H 8:GI6>C 76C@>C< 8:CI:G AD86I>DCH	 D;;>8: HE68:	 A6C9 6C9 7>AA7D6G9H "C
9:I:GB>C>C< L=:I=:G 6 8DCIG68I 8DCI6>CH 6 A:6H:	 I=: DBE6CN :M6B>C:H I=: 8DCIG68I ID :CHJG: 6C 6HH:I L6H HE:8>;>86AAN
>9:CI>;>:96C9I=6II=:DBE6CN=6H8DCIGDAD;JH:DK:GI=:6HH:I-D9:I:GB>C:L=:I=:G6A:6H:>H8A6HH>;>:96HDE:G6I>C<DG
;>C6C8:	I=:DBE6CNE:G;DGBH6C:8DCDB>8A>;:I:HIDC6AA7J>A9>C<A:6H:HL>I=GK6AJ:I:HIID>9:CI>;N6CNA:6H:HI=6I=6K:6EG:H:CIK6AJ:D;;JIJG:A:6H:E6NB:CIHDK:GI=:A:6H:I:GB
I=6I>HGK6AJ:D;I=:7J>A9>C<-=:DBE6CNDCAN86E>I6A>O:HA:6H:HL>I=6C>C>I>6AA:6H:A>67>A>IND;
	


DGC8:EI>DC	I=:DBE6CN9:I:GB>C:HI=:A:6H:I:GB7N699>C<ID<:I=:GI=:B>C>BJBA:6H:I:GB6C96AADEI>DC6AG:C:L6A
E:G>D9HI=6I>I>HG:6HDC67AN8:GI6>CIDG:C:L-=:DBE6CN9:I:GB>C:HI=>HDC:68=A:6H:7N8DCH>9:G>C<6AAG:A:K6CI8DCIG68I
76H:9	6HH:I
76H:9	B6G@:I
76H:9	6C9:CI>IN
76H:9:8DCDB>8;68IDGH :C:G6AAN	I=::M:G8>H:D;A:6H:G:C:L6ADEI>DCH>H6II=:
DBE6CNXHHDA:9>H8G:I>DC-=:A:6H:I:GB>HJH:9ID9:I:GB>C:L=:I=:G6A:6H:>HDE:G6I>C<DG;>C6C8:6C9>HJH:9ID86A8JA6I:
HIG6><=I
A>C:G:CI:ME:CH:99>I>DC6AAN	I=:9:EG:8>67A:A>;:D;A:6H:=DA9>BEGDK:B:CIH>HA>B>I:97NI=::ME:8I:9A:6H:I:GB
(E:G6I>C<A:6H:G:CI6AH6G::ME:CH:9DC6HIG6><=I
A>C:76H>HDK:GI=:A>;:D;I=:A:6H:7:<>CC>C<DCI=:96I:I=:DBE6CNI6@:H
EDHH:HH>DCD;I=:EGDE:GIN+:CI:ME:CH:6C9K6G>67A:A:6H:8DHIH6G:>C8AJ9:9>C':I(88JE6C8NME:CH:DCI=:DCHDA>96I:9
,I6I:B:CIHD;"C8DB:"C8AJ9:9>CK6G>67A:A:6H:8DHIH6G:A:6H:HL>I=G:CI:H86A6I>DCH76H:9DCG:8:CI;>C6C8>6A>C9>8:H	HJ8=6H
I=:DCHJB:G)G>8:"C9:M	L=:G:I=:DBE6CN>C>I>6AANB:6HJG:HA:6H:E6NB:CIHJH>C<I=:>C9:MDCI=:8DBB:C8:B:CI96I:
6C9G:8DG9H;JIJG:8=6C<:H>CG:CIE6NB:CIHG:HJAI>C<;GDB8=6C<:H>CI=:>C9:MIDK6G>67A:8DHIH>CI=:E:G>D9I=:8=6C<:H
D88JG:GI6>CA:6H:HG:FJ>G:I=:DBE6CNIDE6N8DBBDC6G:6B6>CI:C6C8:	G:6A:HI6I:I6M:H	>CHJG6C8:6C9DI=:GDE:G6I>C<
:ME:CH:H6HHD8>6I:9L>I=I=:A:6H:HEG:B>H:H-=:H::ME:CH:H6G:8A6HH>;>:9>C':I(88JE6C8NME:CH:DCI=:DCHDA>96I:9
,I6I:B:CIHD;"C8DB:	8DCH>HI:CIL>I=H>B>A6G8DHIH;DGDLC:9AD86I>DCH-=:G:6G:CDG:H>9J6AK6AJ:8I>DCHDG
8DK:C6CIH>BEDH:97NA:6H:H
-=:DBE6CN688DJCIH;DGA:6H:6C9CDCA:6H:8DBEDC:CIHID<:I=:G6H6H>CC<6HH:I
(E:G6I>C<A:6H:D7A><6I>DCHL>I=6C>C>I>6AI:GBADC<:GI=6CBDCI=H6G:G:8DG9:9L>I=6G><=ID;JH:6HH:I6C96A:6H:A>67>A>IN
DCI=:DCHDA>96I:9,I6I:B:CIHD;>C6C8>6ADC9>I>DC
-=:9>H8DJCIG6I:JH:9>C9:I:GB>C>C<I=:A:6H:A>67>A>IN6C9G:A6I:9G><=ID;JH:6HH:I>H76H:9JEDCL=6ILDJA97:D7I6>C:97N
I=:DBE6CN;DGH>B>A6GAD6CH6H6C>C8G:B:CI6AG6I:6HD;I=:96I:D;DG><>C6I>DCDGG:C:L6A
$D85B'51<CD1D5T(I=:GG:6A:HI6I:68FJ>G:9I=GDJ<=E6GI>6ADGIDI6AH6I>H;68I>DCD;CDCE:G;DGB>C<AD6CH>H>C8AJ9:9>C
(I=:GHH:IHDCI=:DCHDA>96I:9,I6I:B:CIHD;>C6C8>6ADC9>I>DC6C9G:8DG9:96I;6>GK6AJ:A:HH6CI>8>E6I:9H:AA>C<8DHIH
76H:9JEDCI=:EGDE:GINXH6EEG6>H:9K6AJ:6II=:96I:D;IG6CH;:G	L>I=6CN9>;;:G:C8:7:IL::CI=:;6>GK6AJ:D;I=:EGDE:GINA:HH
8DHIIDH:AA	6C9I=:86GGN>C<K6AJ:D;I=:AD6C8=6G<:9IDI=:6AADL6C8:;DGAD6C6C9A:6H:ADHH:HDGDI=:G>C8DB:	>;6EDH>I>K:
69?JHIB:CI,J7H:FJ:CI;6>GK6AJ:LG>I:
9DLCHDGLG>I:
JEH	IDI=::MI:CID;EG:K>DJHLG>I:
9DLCH	EGDE:GINB6>CI:C6C8:8DHIH	
6C9<6>CHDGADHH:HG:8DO:9JEDCI=:H6A:D;DI=:GG:6A:HI6I:6G:G:8DO:9>C'DC>CI:G:HIME:CH:DCI=:DCHDA>96I:9
,I6I:B:CIHD;"C8DB: 6>CHDGADHH:HG:HJAI>C<;GDBI=:H6A:D;DI=:GG:6A:HI6I:6G:G:8DO:9DCI=:96I:D;H6A:HD;
:8:B7:G	
6C9
	DI=:GG:6A:HI6I:=6986GGN>C<K6AJ:HD;


B>AA>DC6C9
B>AA>DC	G:HE:8I>K:AN	6C9>H
>C8AJ9:9>C(I=:GHH:IHDCI=:DCHDA>96I:9,I6I:B:CIHD;>C6C8>6ADC9>I>DC
'5@?CC5CC54 CC5DC T +:EDHH:HH:9 6HH:IH B6N >C8AJ9: ;>MIJG:H 6C9 :FJ>EB:CI	 >CK:CIDGN 6C9 G:8:>K67A:H	 6>G8G6;I	
8DCHIGJ8I>DC:FJ>EB:CI	6C9K:=>8A:H68FJ>G:9;GDB7JH>C:HH76C@>C<6C9HE:8>6AIN;>C6C8:68I>K>I>:H+:EDHH:HH:96HH:IH6G:
>C8AJ9:9>C(I=:GHH:IHDCI=:DCHDA>96I:9,I6I:B:CIHD;>C6C8>6ADC9>I>DC6I;6>GK6AJ:D;I=::FJ>EB:CIDGK:=>8A:A:HH
:HI>B6I:9H:AA>C<8DHIHII=:I>B:D;G:EDHH:HH>DC	I=:G:8DG9:96BDJCID;I=:AD6CDGA:6H:>HLG>II:C9DLCIDI=:;6>GK6AJ:D;
I=::FJ>EB:CIDGK:=>8A:7N68=6G<:IDI=:6AADL6C8:;DGAD6C6C9A:6H:ADHH:HDGDI=:G>C8DB:	>;6EDH>I>K:69?JHIB:CI
,J7H:FJ:CI;6>GK6AJ:LG>I:
9DLCHDGLG>I:
JEH	IDI=::MI:CID;EG:K>DJHLG>I:
9DLCH	:FJ>EB:CIB6>CI:C6C8:8DHIH	6C9<6>CH
DGADHH:HG:8DO:9JEDCI=:H6A:D;G:EDHH:HH>DCH6G:G:8DO:9>C'DC>CI:G:HIME:CH:DCI=:DCHDA>96I:9,I6I:B:CIHD;
"C8DB: 6>CHDGADHH:HG:HJAI>C<;GDBI=:H6A:D;G:EDHH:HH:96HH:IH6G:G:8DO:9DCI=:96I:D;H6A:+:EDHH:HH:96HH:IH
IDI6A:9
B>AA>DC6C9
B>AA>DC	6HD;:8:B7:G	
6C9
	G:HE:8I>K:AN	6C96G:>C8AJ9:9>C(I=:GHH:IHDC
I=:DCHDA>96I:9,I6I:B:CIHD;>C6C8>6ADC9>I>DC
%B5=9C5C1>4AE9@=5>DT)G:B>H:H6C9:FJ>EB:CI6G:HI6I:96I8DHI	A:HH688JBJA6I:99:EG:8>6I>DC6C96BDGI>O6I>DC-=:
EGDK>H>DC;DG9:EG:8>6I>DC>H8DBEJI:97NI=:HIG6><=I
A>C:B:I=D9	EG>B6G>ANL>I=JH:;JAA>K:HG6C<>C<;GDBI=G::N:6GHID
N:6GH &6>CI:C6C8: 6C9 G:E6>GH 6G: 8=6G<:9 ID :ME:CH: 6H >C8JGG:9	 L=>A: >BEGDK:B:CIH	 L=>8= :MI:C9 I=: JH:;JA A>;:	 6G:
86E>I6A>O:96C99:EG:8>6I:9DK:GI=::HI>B6I:9G:B6>C>C<A>;:
??4G9<<1>4>D1>792<5CT DD9L>AAG:EG:H:CIHI=::M8:HHD;I=:8DHID;7JH>C:HH:H68FJ>G:9DK:GI=:;6>GK6AJ:D;I=:C:I
6HH:IH68FJ>G:9(I=:G>CI6C<>7A:6HH:IHG:EG:H:CIEJG8=6H:96HH:IHI=6I6AHDA68@E=NH>86AHJ7HI6C8:7JI86C7:9>HI>CH=:9
;GDBAA7:86JH:D;8DCIG68IJ6ADGDI=:GA:<6AG><=IHDG7:86JH:I=:6HH:I>H86E67A:D;7:>C<HDA9DG:M8=6C<:9:>I=:GDC
>IHDLCDG>C8DB7>C6I>DCL>I=6G:A6I:98DCIG68I	6HH:I	DGA>67>A>IN DD9L>AA>HG:K>:L:9;DG>BE6>GB:CI6IA:6HI6CCJ6AANDGDC
6C >CI:G>B 76H>H >; 6C :K:CI D88JGH DG 8>G8JBHI6C8:H 8=6C<: I=6I LDJA9 BDG: A>@:AN I=6C CDI G:9J8: I=: 86GGN>C< 6BDJCI
 DD9L>AA>H6AAD86I:9>CIDILDG:EDGI>C<JC>IH6>GK6AJ:;DG:68=G:EDGI>C<JC>I>H:HI>B6I:9JH>C<HID8@EG>8:BJAI>EA:HDG
:6GC>CCI:G:HI	 I6M	 9:EG:8>6I>DC 6C9 6BDGI>O6I>DC"- BJAI>EA:H "CI6C<>7A: 6HH:IH I=6I =6K: ;>C>I:A>K:H6G:
6BDGI>O:9DK:GI=:>G:HI>B6I:9JH:;JAA>K:H6C96G:HJ7?:8IID>BE6>GB:CII:HI>C<AAD;I=:DBE6CNXHDI=:G>CI6C<>7A:6HH:IH
=6K:;>C>I:A>K:H6C96G:6BDGI>O:9DC6HIG6><=I
A>C:76H>HDK:GK6GN>C<E:G>D9HCDI:M8::9>C<IL:CIN
;>K:N:6GH-=:DBE6CN
E:G;DGB:9I=:G:FJ>G:96CCJ6A>BE6>GB:CII:HID;AA9JG>C<I=:;DJGI=FJ6GI:GD;
6C99:I:GB>C:9I=6ICD>BE6>GB:CI
:M>HIH

Q
,+

DGB
$

1>;$G>54!965>CEB1>35$!T-=:DBE6CNB6>CI6>CH(%"DC8:GI6>C:M:8JI>K:H(%"76A6C8:H6G:G:8DG9:96I
I=:>G86H=HJGG:C9:GK6AJ:H6C96G:>C8AJ9:9>C(I=:GHH:IHDCI=:DCHDA>96I:9,I6I:B:CIHD;>C6C8>6ADC9>I>DC=6C<:H>C
I=:86H=HJGG:C9:GK6AJ:H6G:>C8AJ9:9>C(I=:G'DC>CI:G:HI"C8DB:DCI=:DCHDA>96I:9,I6I:B:CIHD;"C8DB:I:8:B7:G
	
6C9
	(%"IDI6A:9B>AA>DC6C9
B>AA>DC	G:HE:8I>K:AN
%1BD>5BC89@ >F5CD=5>DC T -=: DBE6CN 688DJCIH ;DG >IH >CK:HIB:CIH >C E6GIC:GH=>EH ;DG L=>8= >I DLCH A:HH I=6C ;>;IN
E:G8:CI6C9=6HI=:67>A>INID:M:G8>H:H>;>86CI>C;AJ:C8:DK:GI=:E6GIC:GH=>EDCI=::FJ>INB:I=D9-=:DBE6CN688DJCIH
;DG >IH >CK:HIB:CIH >C E6GIC:GH=>EH ;DG L=>8= >I 9D:H CDI =6K: I=: 67>A>IN ID :M:G8>H: H>;>86CI >C;AJ:C8: 6I ;6>G K6AJ: A:HH
>BE6>GB:CI	>;6CN	DG8DHIA:HH6CN>BE6>GB:CI>;I=:;6>GK6AJ:>HCDIG:69>AN9:I:GB>C67A:-=:DBE6CN=6H:A:8I:9IDJH:I=:
EG68I>86A:ME:9>:CIID:HI>B6I:;6>GK6AJ:D;6C>CK:HIB:CI>C6C>CK:HIB:CI8DBE6CNJH>C<I=:C:I6HH:IK6AJ:D;>IHE6GIC:GH=>E
>CI:G:HI -=: DBE6CN JH:H I=: =NEDI=:I>86A A>FJ>96I>DC 7DD@ K6AJ: !%/ B:I=D9 ;DG :FJ>IN >CK:HIB:CIH L=:C I=:
A>FJ>96I>DCG><=IH6C9EG>DG>I>:H6H9:;>C:97N6C:FJ>IN>CK:HIB:CI6;;:G;GDBL=6I>HG:;A:8I:97NI=:JC9:GAN>C<
E:G8:CI6<: DLC:GH=>E >CI:G:HIH -=: !%/ B:I=D9 >H 8DBBDCAN 6EEA>:9 ID :FJ>IN >CK:HIB:CIH >C I=: G:C:L67A: :C:GC9JHIGN	L=:G:I=::8DCDB>87:C:;>IH8DGG:HEDC9>C<ID6C:FJ>IN>CK:HIB:CIB6NK6GN6I9>;;:G:CIED>CIH>CI>B:6C9DG6G:CDI
9>G:8IANA>C@:9ID6C>CK:HIDGXHDLC:GH=>EE:G8:CI6<:86A8JA6I>DC>HEG:E6G:96I:68=76A6C8:H=::I96I:ID9:I:GB>C:I=:
6BDJCI I=6I I=: DBE6CN LDJA9 G:8:>K: >; 6C :FJ>IN >CK:HIB:CI :CI>IN L:G: ID A>FJ>96I: 6AA D; >IH 6HH:IH 6H K6AJ:9 >C
688DG96C8:L>I= )6C99>HIG>7JI:I=6I86H=IDI=:>CK:HIDGH76H:9DCI=:8DCIG68IJ6AAN9:;>C:9A>FJ>96I>DCEG>DG>I>:H-=:
9>;;:G:C8:7:IL::CI=:86A8JA6I:9A>FJ>96I>DC9>HIG>7JI>DC6BDJCIH6II=:7:<>CC>C<6C9I=::C9D;I=:G:EDGI>C<E:G>D9	6;I:G
69?JHI>C<;DG86E>I6A8DCIG>7JI>DCH6C99>HIG>7JI>DCH	>HHI,DJG8:XHH=6G:D;I=::6GC>CIN>CK:HIB:CI
;DGI=:E:G>D9"CK:HIB:CIH>CE6GIC:GH=>EH6G:>C8AJ9:9>C(I=:GHH:IHDCI=:DCHDA>96I:9,I6I:B:CIHD;>C6C8>6ADC9>I>DC
-=:76A6C8:H6HD;:8:B7:G	
6C9
L:G:
B>AA>DC6C9
B>AA>DC	G:HE:8I>K:AN
(8?BD)5B=?BB?G9>7CT,=DGI
I:GB7DGGDL>CHID;:9:G6A;JC9HEJG8=6H:9	H:8JG>I>:HHDA9JC9:G66AE6E:G	:9:G6A!DB:%D6C6C@69K6C8:H	7DGGDL>CCA>6I:976C@H:9:G6A;JC9HEJG8=6H:9	H:8JG>I>:HHDA9JC9:G6CI=>CDC:96NID96NHD;I=:IG6CH68I>DC96I:DBB:G8>6AE6E:GB6IJG:HL>I=>CH:K:C96NHID
96NH(I=:G
H=DGI
I:GB 7DGGDL>C96I:9 ,I6I:B:CIH D; >C6C8>6A DC9>I>DC >C8AJ9: I=: DBE6CNXH A>67>A>IN G:A6I:9 ID
BDGI<6<:AD6CH6K6>A67A:;DGG:EJG8=6H:JC9:G '&DEI>DC6AG:EJG8=6H:EGDI>:HEJG8=6H:9JC9:G6I>:HHDA9JC9:G6O:9
;>C6C8>C<IG6CH68I>DCH6C96G:G:8DG9:96II=:6BDJCIH6IL=>8=I=:H:8JG>I>:HL:G:68FJ>G:9DGHDA9EAJH688GJ:9>CI:G:HI-=:
;6>G K6AJ: D; 8DAA6I:G6A :>I=:G G:8:>K:9 ;GDB DG EGDK>9:9 ID 6 I=>G9
E6GIN >H 8DCI>CJ6AAN BDC>IDG:9 6C9 699>I>DC6A 8DAA6I:G6A
D7I6>C:9DGG:FJ:HI:9ID7:G:IJGC:9IDI=:DBE6CN6H9::B:96EEGDEG>6I:
'5F5>E5'53?7>9D9?>T-=:DBE6CNG:8DO:HG:K:CJ:H6HI=:N6G::6GC:976H:9DC8DCIG68IJ6AI:GBH	6HIG6CH68I>DCH
D88JG	 DG 6H H:GK>8:H 6G: EGDK>9:9 6C9 8DAA:8I67>A>IN >H G:6HDC67AN 6HHJG:9 -=: DBE6CNXH EG>C8>E6A HDJG8: D; G:K:CJ: >H
>CI:G:HI>C8DB:;GDBAD6CH6C9A:6H:H6C9>CK:HIB:CIH:8JG>I>:H-=:DBE6CN6AHD:6GCHCDC>CI:G:HI>C8DB:;GDBK6G>DJH
76C@>C<6C9;>C6C8>6AH:GK>8:HD;;:G:9EG>B6G>ANI=GDJ<=HI,DJG8:6C@6C9>IHHJ7H>9>6G>:H
"CI:G:HI"C8DB:T-=:A6G<:HIHDJG8:D;G:K:CJ:;DGI=:DBE6CN>H>CI:G:HI>C8DB:L=>8=>HEG>B6G>ANG:8DO:9DC6C
688GJ6A76H>H688DG9>C<IDCDC9>H8G:I>DC6GN;DGBJA6H>CLG>II:C8DCIG68IH	HJ8=6HAD6C6C9A:6H:6CK:HIB:CI
H:8JG>I>:H8DCIG68IH
'DC>CI:G:HI"C8DB:T-=:DBE6CN:6GCHCDC>CI:G:HI>C8DB:I=GDJ<=6K6G>:IND;;>C6C8>6A6C9IG6CH68I>DCH:GK>8:HEGDK>9:9
ID8DGEDG6I:6C98DCHJB:G8A>:CIHHJ8=6HIGJHI6C9L:6AI=69K>HDGN	9:EDH>I688DJCI	9:7>I86G9	BDGI<6<:76C@>C<	>CHJG6C8:	
6C9:FJ>EB:CIG:CI6AH:GK>8:H+:K:CJ:>HG:8DG9:9;DGCDC>CI:G:HI>C8DB:76H:9DCI=:8DCIG68IJ6AI:GBH;DGI=:H:GK>8:DG
IG6CH68I>DCE:G;DGB:9"C8:GI6>C8>G8JBHI6C8:H	CDC>CI:G:HI>C8DB:>HG:EDGI:9C:ID;6HHD8>6I:9:ME:CH:H
)BECD1>4,51HDGN;::H6G:G:8DO:9DCI=:688GJ6A76H>H
>3?=5)1H5CTHI,DJG8:6C9>IHHJ7H>9>6G>:H;>A:68DCHDA>96I:9:9:G6A>C8DB:I6MG:IJGC-=:EGDK>H>DC;DG>C8DB:I6M:H
>H76H:9JEDC>C8DB:>CI=:8DCHDA>96I:9;>C6C8>6AHI6I:B:CIH	G6I=:GI=6C6BDJCIHG:EDGI:9DCI=:>C8DB:I6MG:IJGC:;:GG:9
I6M 6HH:IH 6C9 A>67>A>I>:H 6G: G:8DO:9 ;DG I=: ;JIJG: I6M 8DCH:FJ:C8:H 6IIG>7JI67A: ID 9>;;:G:C8:H 7:IL::C I=: ;>C6C8>6A
HI6I:B:CI86GGN>C<6BDJCIHD;:M>HI>C<6HH:IH6C9A>67>A>I>:H6C9I=:>GG:HE:8I>K:I6M76H:H:;:GG:9I6M6HH:IH6C9A>67>A>I>:H6G:
B:6HJG:9JH>C<:C68I:9I6MG6I:H:ME:8I:9ID6EEANIDI6M67A:>C8DB:>CI=:N:6GH>CL=>8=I=DH:I:BEDG6GN9>;;:G:C8:H6G:
:ME:8I:9ID7:G:8DK:G:9DGH:IIA:9-=::;;:8IDC9:;:GG:9I6M6HH:IH6C9A>67>A>I>:HD;68=6C<:>CI6MG6I:H>HG:8DO:96H
>C8DB:DG:ME:CH:>CI=:E:G>D9I=6I>C8AJ9:HI=::C68IB:CI96I:K6AJ6I>DC6AADL6C8:	>;C::9:9	G:9J8:H9:;:GG:9I6M6HH:IH
IDI=::ME:8I:96BDJCIBDHIA>@:ANID7:G:6A>O:9+:6A>O6I>DCD;9:;:GG:9I6M6HH:IH>H9:E:C9:CIJEDCI=:<:C:G6I>DCD;6
HJ;;>8>:CIA:K:AD;;JIJG:I6M67A:>C8DB:6C9G:8DK:G67A:I6M:HE6>9>CEG>DGN:6GHAI=DJ<=G:6A>O6I>DC>HCDI6HHJG:9	I=:
DBE6CN7:A>:K:H>I>HBDG:A>@:ANI=6CCDII=6I6AAD;I=:9:;:GG:9I6M6HH:IHL>AA7:G:6A>O:9

Q
,+

DGB
$

-=:DBE6CNJH:HI=:9:;:GG6AB:I=D9D;688DJCI>C<DC>CK:HIB:CIHI=6I<:C:G6I:>CK:HIB:CII6M8G:9>IH.C9:GI=>HB:I=D9	
I=:>CK:HIB:CII6M8G:9>IH6G:G:8DO:96H6G:9J8I>DCIDI=:G:A6I:96HH:I-=::ME:CH:DC8:GI6>CFJ6A>;>:96;;DG967A:=DJH>C<
>CK:HIB:CIH>H>C8AJ9:9>C"C8DB:-6MME:CH:DCI=:DCHDA>96I:9,I6I:B:CIHD;"C8DB:
)DH>I>DCH I6@:C >C I=: I6M G:IJGCH B6N 7: HJ7?:8I ID 8=6AA:C<: 7N I=: I6M>C< 6JI=DG>I>:H JEDC :M6B>C6I>DC .C8:GI6>C I6M
EDH>I>DCH6G:>C>I>6AANG:8DO:9>CI=:;>C6C8>6AHI6I:B:CIHL=:C>I>HBDG:A>@:ANI=6CCDII=:EDH>I>DCL>AA7:HJHI6>C:9JEDC
:M6B>C6I>DC7NI=:I6M6JI=DG>I>:H,J8=I6MEDH>I>DCH6G:7DI=>C>I>6AAN6C9HJ7H:FJ:CIANB:6HJG:96HI=:A6G<:HI6BDJCID;I6M
7:C:;>II=6I>H@:AND;7:>C<G:6A>O:9JEDCH:IIA:B:CIL>I=I=:I6M6JI=DG>IN	6HHJB>C<;JAA@CDLA:9<:D;I=:
EDH>I>DC6C96AAG:A:K6CI;68IH-=:DBE6CNEGDK>9:H;DG>CI:G:HI6C9	>CHDB:86H:H	E:C6AI>:HDCI6MEDH>I>DCHI=6IB6N7:
8=6AA:C<:97NI=:I6M>C<6JI=DG>I>:H"CI:G:HI:ME:CH:>HG:8DO:97:<>CC>C<>CI=:;>GHIE:G>D9I=6IHJ8=>CI:G:HILDJA97:<>C
688GJ>C<):C6AI>:H6G:G:8DO:9>CI=:E:G>D9I=6II=:DBE6CN8A6>BHI=:EDH>I>DC>CI=:I6MG:IJGC"CI:G:HI6C9E:C6AI>:HDC
>C8DB:I6MJC8:GI6>CI>:H6G:8A6HH>;>:9L>I=>C"C8DB:-6MME:CH:DCI=:DCHDA>96I:9,I6I:B:CIHD;"C8DB:
)B51CEBI(D?3;TDBBDCH=6G:HG:EJG8=6H:96G:G:8DG9:96I8DHIDHID;H=6G:HG:I>G:9DGG:>HHJ:9>H9:I:GB>C:9JH>C<I=:
;>GHI
>C	;>GHI
DJIB:I=D9
#5D>3?=5%5B?==?>(81B5T6GC>CH8DBEJI:9JH>C<I=:ILD
8A6HHB:I=D96H>8:6GC>CH8DBEJI:97N9>K>9>C<C:I>C8DB:6K6>A67A:ID8DBBDCH=6G:=DA9:GH7NI=:L:><=I:9
6K:G6<:CJB7:GD;H=6G:HD;
8DBBDCHID8@DJIHI6C9>C<	:M8AJ9>C<E6GI>8>E6I>C<H:8JG>I>:H>AJI:9:6GC>CH8DBEJI:97NJH>C<I=:
L:><=I:9
6K:G6<:CJB7:GD;H=6G:H9:I:GB>C:9;DGI=:76H>8:6GC>CDCEAJHI=:9>AJI>K::;;:8ID;HID8@
8DBE:CH6I>DCJH>C<I=:IG:6HJG:HID8@B:I=D9
(D?3;1C54=@C1D9?>T-=:DBE6CNG:8DO:HHID8@
76H:98DBE:CH6I>DC6H8DBE:CH6I>DC8DHIDCI=:
DCHDA>96I:9,I6I:B:CIHD;"C8DB:76H:9DCI=:>G;6>GK6AJ:HDCI=:B:6HJG:B:CI96I:	L=>8=	;DG>IHEJGEDH:H	>HI=:96I:D;
O:H;DG;:>IJG:H6HI=:ND88JG
(57=5>D >6?B=1D9?> T HI ,DJG8: =6H DC: EG>C8>E6A 7JH>C:HH H:6A 76C@>C< 0=>A: DJG 8=>:; DE:G6I>C<
9:8>H>DC B6@:G BDC>IDGH I=: G:K:CJ: HIG:6BH D; K6G>DJH EGD9J8IH 6C9 H:GK>8:H	 I=: >9:CI>;>67A: H:DCH 6G:
B6C6<:96C9;>C6C8>6AE:G;DGB6C8:>H:K6AJ6I:9DC68DBE6CN
L>9:76H>H88DG9>CC6C8>6AH:GK>8:
DE:G6I>DCH6G:8DCH>9:G:9ID7:6<CDC:G:EDGI67A:DE:G6I>C<H:I>DC6A>C;DGB6I>DCDC
H:C;DGB6I>DC
5B9F1D9F59>1>391<>CDBE=5>DCT-=:DBE6CND886H>DC6AAN:CI:GH>CID9:G>K6I>K:;>C6C8>6A>CHIGJB:CIH6HE6GID;>IH
>CI:G:HIG6I:G>H@B6C6<:B:CIHIG6I:<>:H-=:H:9:G>K6I>K:;>C6C8>6A>CHIGJB:CIH8DCH>HIEG>B6G>AND;>CI:G:HIG6I:HL6EHAA
9:G>K6I>K:>CHIGJB:CIH6G:G:8DG9:9DCI=:DCHDA>96I:9,I6I:B:CIHD;>C6C8>6ADC9>I>DC	6H:>I=:G6C6HH:IDGA>67>A>IN	6II=:>G
;6>G K6AJ: -=: 688DJCI>C< ;DG I=: <6>C DG ADHH G:HJAI>C< ;GDBI=: 8=6C<: >C ;6>G K6AJ: 9:E:C9H DC I=: >CI:C9:9 JH: D; I=:
9:G>K6I>K: DG 6 9:G>K6I>K: JH:9 ID =:9<: 8=6C<:H >C ;6>G K6AJ: D; 6 G:8DO:9 6HH:I DG A>67>A>IN	 DG 6C JCG:8DO:9 ;>GB
8DBB>IB:CI	I=:<6>CDGADHHDCI=:9:G>K6I>K:L>AA7:G:8DO:9>C:6GC>CI=I=:D;;H:II>C<ADHHDG<6>CDCI=:
=:9<:9>I:B-=>HG:HJAIH>C6C:6GC>CBE68IDCANIDI=::MI:CII=6II=:=:9<:>H>C:;;:8I>K:>C68=>:K>C<D;;H:II>C<8=6C<:H>C
;6>GK6AJ:";>I>H9:I:GB>C:9I=6II=:9:G>K6I>K:>CHIGJB:CI>HCDI=><=AN:;;:8I>K:6H6=:9<:	=:9<:688DJCI>C<>H9>H8DCI>CJ:9
6C9I=:69?JHIB:CIID;6>GK6AJ:D;I=:9:G>K6I>K:>CHIGJB:CI>HG:8DG9:9>C:6GC>CK6I>K:JH:9ID=:9<:8=6C<:H>C
86H=;ADLH6HHD8>6I:9L>I=;DG:86HI:9IG6CH68I>DCH	I=:<6>CDGADHHDCI=::;;:8I>K:EDGI>DCD;I=:9:G>K6I>K:L>AA7:9:;:GG:9	
6C9G:EDGI:96H688JBJA6I:9DI=:G8DBEG:=:CH>K:>C8DB:	68DBEDC:CID;H=6G:=DA9:GHX:FJ>IN	JCI>AHJ8=I>B:I=:=:9<:9
IG6CH68I>DC6;;:8IH:6GC>CK6I>K:>CHIGJB:CIHCDI688DJCI:9;DG6H=:9<:H	8=6C<:H>C;6>GK6AJ:6G:G:8DO:9>C
CDC>CI:G:HI>C8DB::ME:CH:DCI=:DCHDA>96I:9,I6I:B:CIHD;"C8DB::;:GG:9<6>CH6C9ADHH:H;GDB9:G>K6I>K:HI=6I6G:
I:GB>C6I:96C9L:G:>C686H=;ADL=:9<:6G:6BDGI>O:9DK:GI=:H=DGI:GD;I=:DG><>C6AG:B6>C>C<I:GBD;I=:9:G>K6I>K:DGI=:
G:B6>C>C<A>;:D;I=:JC9:GAN>C<6HH:IDGA>67>A>IN
19B+1DCT-=:DBE6CNG:8DG9H8:GI6>C6HH:IH6C9A>67>A>I>:H6I;6>GK6AJ:6>GK6AJ:>H9:;>C:96HI=:EG>8:
I=6ILDJA97:G:8:>K:9IDH:AA6C6HH:IDGE6>9IDIG6CH;:G6A>67>A>IN>C6CDG9:GANIG6CH68I>DC7:IL::CB6G@:IE6GI>8>E6CIH6II=:
B:6HJG:B:CI96I:,:8JG>I>:H6K6>A67A:;DGH6A:	BDGI<6<:AD6CH=:A9;DGH6A:	6C99:G>K6I>K:>CHIGJB:CIH6G:86GG>:96I;6>GK6AJ:
DC6G:8JGG>C<76H>H6>GK6AJ:B:6HJG:B:CIH6G:6AHDJI>A>O:9ID9:I:GB>C:I=:>C>I>6AK6AJ:D;8:GI6>C6HH:IH6C9A>67>A>I>:H	ID
E:G;DGB>BE6>GB:CI6HH:HHB:CIH	6C9;DG9>H8ADHJG:EJGEDH:H-=:DBE6CNJH:HFJDI:9B6G@:IEG>8:H6C9D7H:GK67A:>CEJIH
ID I=: B6M>BJB :MI:CI EDHH>7A: L=:C B:6HJG>C< ;6>G K6AJ: "C I=: 67H:C8: D; FJDI:9 B6G@:I EG>8:H	 K6G>DJH K6AJ6I>DC
I:8=C>FJ:H 6G: JI>A>O:9 ID B:6HJG: ;6>G K6AJ: 0=:C EDHH>7A:	 D7H:GK67A: B6G@:I 96I6 ;DG >9:CI>86A DG H>B>A6G ;>C6C8>6A
>CHIGJB:CIH6G:JH:9>CI=:K6AJ6I>DC0=:CB6G@:I96I6>HCDI6K6>A67A:	;6>GK6AJ:>H9:I:GB>C:9JH>C<K6AJ6I>DCBD9:AHI=6I
>C8DGEDG6I:B6C6<:B:CIXH:HI>B6I:HD;I=:6HHJBEI>DCH6B6G@:IE6GI>8>E6CILDJA9JH:>CEG>8>C<I=:6HH:IDGA>67>A>IN
6>GK6AJ:B:6HJG:B:CIH6G:8A6HH>;>:9L>I=>CDC:D;I=G::A:K:AH76H:9DCI=:D7H:GK67>A>IND;I=:>CEJIHJH:9ID9:I:GB>C:;6>G
K6AJ:	6H;DAADLH
%:K:AT-=:K6AJ6I>DC>H76H:9DCFJDI:9EG>8:H>C68I>K:B6G@:IH;DG>9:CI>86A>CHIGJB:CIH

Q
,+

DGB
$

%:K:AT-=:K6AJ6I>DC>H76H:9DCD7H:GK67A:>CEJIHHJ8=6HFJDI:9EG>8:H;DGH>B>A6G>CHIGJB:CIH>C68I>K:B6G@:IH	FJDI:9
EG>8:H;DG>9:CI>86ADGH>B>A6G>CHIGJB:CIH>CB6G@:IHI=6I6G:CDI68I>K:	6C9BD9:A
76H:9K6AJ6I>DCI:8=C>FJ:H;DGL=>8=6AA
H>;>86CI6HHJBEI>DCH6G:D7H:GK67A:>CI=:B6G@:I
%:K:AT-=:K6AJ6I>DC>H76H:9DCJCD7H:GK67A:>CEJIHI=6I6G:HJEEDGI:97NB>C>B6ADGCDB6G@:I68I>K>IN6C9I=6I6G:
H>;>86CIIDI=:;6>GK6AJ:D;I=:>CHIGJB:CI%:K:AK6AJ6I>DCH6G:INE>86AANE:G;DGB:9JH>C<EG>8>C<BD9:AH	9>H8DJCI:986H=
;ADL B:I=D9DAD<>:H	 DG H>B>A6G I:8=C>FJ:H I=6I >C8DGEDG6I: B6C6<:B:CIXH DLC :HI>B6I:H D; 6HHJBEI>DCH I=6I B6G@:I
E6GI>8>E6CIHLDJA9JH:>CEG>8>C<I=:>CHIGJB:CI	DGK6AJ6I>DCHI=6IG:FJ>G:H>;>86CIB6C6<:B:CI?J9B6I>DC
#?D5
K'535>D33?E>D9>7%B?>?E>35=5>DC
?496931D9?> =@B?F5=5>DC "C :8:B7:G 
	 I=: >C6C8>6A 88DJCI>C< ,I6C96G9H D6G9 , >HHJ:9 88DJCI>C<
,I6C96G9H .E96I: ,. 'D 

 U)$!$.$)( '*,)0 ' (.-V -=:H: 6B:C9B:CIH JE96I: I=: , 88DJCI>C<
,I6C96G9H D9>;>86I>DC ;DG 6 7GD69 G6C<: D; -DE>8H 6G>H>C< ;GDB I:8=C>86A 8DGG:8I>DCH	 JC>CI:C9:9 6EEA>86I>DC D; I=:
D9>;>86I>DC	8A6G>;>86I>DCH	6C9DI=:GB>CDG>BEGDK:B:CIH-=:6B:C9B:CIH>CI=:,.	L=>8=699G:HH:H>HHJ:H	6;;:8I6
L>9: K6G>:IN D; -DE>8H >C I=: D9>;>86I>DC 6C9 6EEAN ID 6AA G:EDGI>C< :CI>I>:H L>I=>C I=: H8DE: D; I=: 6;;:8I:9 688DJCI>C<
96C8:-=:6B:C9B:CIH>CI=>H,.6G::;;:8I>K:;DG6AA:CI>I>:H;DG6CCJ6AE:G>D9H7:<>CC>C<6;I:G:8:B7:G	
	6C9
>CI:G>BE:G>D9HL>I=>CI=DH:6CCJ6AE:G>D9H6GAN69DEI>DC>HE:GB>II:9>C7DI=>CI:G>B6C96CCJ6AE:G>D9H>CL=>8=;>C6C8>6A
HI6I:B:CIH=6K:CDIN:I7::C>HHJ:9DGB69:6K6>A67A:;DG>HHJ6C8:";6C:CI>IN69DEIHI=:6B:C9B:CIH>CI=>H,.>C6C
>CI:G>BE:G>D9	>IBJHI69DEII=:B6HD;I=:7:<>CC>C<D;I=:6CCJ6AE:G>D9I=6I>C8AJ9:HI=6I>CI:G>BE:G>D9C:CI>INB6N:A:8I
ID :6GAN 69DEI I=: 6B:C9B:CIH DC 6C >HHJ:
7N
>HHJ: 76H>H -=: DBE6CN >H 6HH:HH>C< ,. 

 6C9 >IH >BE68I DC >IH
688DJCI>C<6C99>H8ADHJG:H
>D5B9='5@?BD9>7"C:8:B7:G
	I=:,>HHJ:9,.'D

U(. ,$' *),.$(")*$
,,)1)* 
'*,)0 ' (.-V-=>H,.9D:HCDI8=6C<:I=:;JC96B:CI6AC6IJG:D;>CI:G>BG:EDGI>C<DG:ME6C9DGG:9J8:8JGG:CI>CI:G>B
9>H8ADHJG:G:FJ>G:B:CIH-=:6B:C9B:CIH>CI=>H,.8A6G>;NI=6II=:96C8:>C-DE>8
6EEA>:HID6AA:CI>I>:HI=6I
EGDK>9:>CI:G>B;>C6C8>6AHI6I:B:CIH6C9CDI:H>C688DG96C8:L>I=<:C:G6AAN688:EI:9688DJCI>C<EG>C8>EA:H )8G:6I:
68DBEG:=:CH>K:A>HI>C,88DJCI>C<,I6C96G9HD9>;>86I>DCR-DE>8
D;>CI:G>B9>H8ADHJG:HI=6I6G:G:FJ>G:9>C>CI:G>B
;>C6C8>6A HI6I:B:CIH 6C9 CDI:H >C 688DG96C8: L>I=  )  >C8DGEDG6I: 6 9>H8ADHJG: EG>C8>EA:	 L=>8= >H BD9:A:9 6;I:G
EG:K>DJH,:8JG>I>:H6C9M8=6C<:DBB>HH>DC,96C8:	I=6IG:FJ>G:H:CI>I>:HID9>H8ADH::K:CIH6C98=6C<:HI=6ID88JG
6;I:G I=: :C9 D; I=: BDHI G:8:CI ;>H86A N:6G I=6I =6K: 6 B6I:G>6A >BE68I DC I=: :CI>IN 6C9  >BEGDK: 96C8: 67DJI
>C;DGB6I>DC>C8AJ9:9>C6C9I=:;DGB6ID;>CI:G>B;>C6C8>6AHI6I:B:CIH-=:6B:C9B:CIH>CI=>H,.6G::;;:8I>K:;DGEJ7>8
7JH>C:HH:CI>I>:H;DG>CI:G>BE:G>D9HL>I=>C6CCJ6AE:G>D9H7:<>CC>C<6;I:G:8:B7:G	
	6C9;DG:CI>I>:HDI=:GI=6CEJ7A>8
7JH>C:HH:CI>I>:HI=:6B:C9B:CIH6G::;;:8I>K:;DG>CI:G>BE:G>D9HL>I=>C6CCJ6AE:G>D9H7:<>CC>C<6;I:G:8:B7:G	

6GAN69DEI>DC>HE:GB>II:9;DG6AA:CI>I>:H-=:6B:C9B:CIH86C7:6EEA>:9:>I=:GEGDHE:8I>K:ANDGG:IGDHE:8I>K:ANID6CNDG6AA
EG>DGE:G>D9HEG:H:CI:9>CI=:;>C6C8>6AHI6I:B:CIH-=:DBE6CN>H6HH:HH>C<,.

6C9>IH>BE68IDC>IH688DJCI>C<
6C99>H8ADHJG:H
9>1>391<>CDBE=5>DC"C#JAN
	I=:,>HHJ:9,.'D


U, $.)-- -)*$	
 -/, ' (.)!, $.
)-- -!),)/(.-  $0& ()(.,.-- .-V-=:6B:C9B:CIHEGDK>9:6AA:CI>I>:HL>I=6EG68I>86A:ME:9>:CIID
6HHJB:I=6I8JGG:CI8DC9>I>DCH6HD;I=:76A6C8:H=::I96I:9DCDI8=6C<:;DGI=:G:B6>C>C<A>;:D;I=:6HH:IH6C9:CI>I>:H
DI=:GI=6CEJ7A>87JH>C:HH:CI>I>:HL>I=6C688DJCI>C<EDA>8N:A:8I>DCID8DCH>9:G8DAA:8I>DC68I>K>IN6;I:GI=:76A6C8:H=::I96I:
L=:C:HI>B6I>C<:ME:8I:98G:9>IADHH:H;DG8JGG:CI688DJCIHG:8:>K67A:6C98JGG:CI8DCIG68I6HH:IH6G>H>C<;GDBIG6CH68I>DCH
688DJCI:9 ;DG JC9:G -DE>8 
 -=>H ,. >H :;;:8I>K: ;DG ;>H86A N:6GH >C8AJ9>C< >CI:G>B E:G>D9H L>I=>C I=DH: ;>H86A N:6GH	
7:<>CC>C<6;I:G:8:B7:G	
6GAN69DEI>DC>HE:GB>II:9>C7DI=>CI:G>B6C96CCJ6AG:EDGI>C<E:G>D9H>CL=>8=;>C6C8>6A
HI6I:B:CIH=6K:CDIN:I7::C>HHJ:9DGB69:6K6>A67A:;DG>HHJ6C8:C:CI>INH=DJA96EEAN,.'D


EGDHE:8I>K:ANID
:HI>B6I:HD;:ME:8I:98G:9>IADHH:HDC6HH:I76A6C8:H9:H8G>7:9>C,E6G6DC-=:DBE6CN69DEI:9,.


DC#6CJ6GN	
6C9>I9>9CDI=6K:6B6I:G>6A>BE68IDC>IH688DJCI>C<6C9
9>H8ADHJG:H
52D"C'DK:B7:G
	I=:,>HHJ:9,.'D


U .1$.#)(0 ,-$)((.# ,*.$)(-/.)*$


(/  )(0 ,-$)( )! )(0 ,.$&   . --/( -V -=:H: 6B:C9B:CIH 8A6G>;N I=: G:FJ>G:B:CIH ;DG 9:I:GB>C>C< L=:I=:G
8:GI6>CH:IIA:B:CIHD;8DCK:GI>7A:9:7I>CHIGJB:CIH	>C8AJ9>C<8DCK:GI>7A:9:7I>CHIGJB:CIHL>I=86H=8DCK:GH>DC;:6IJG:HDG
8DCK:GI>7A:9:7I>CHIGJB:CIHI=6I6G:CDI8JGG:CIAN8DCK:GI>7A:	H=DJA97:688DJCI:9;DG6H6C>C9J8:98DCK:GH>DC-=>H96C8:
>H:;;:8I>K:;DG6AA:CI>I>:H;DG;>H86AN:6GH>C8AJ9>C<>CI:G>BE:G>D9HL>I=>CI=DH:;>H86AN:6GH	7:<>CC>C<6;I:G:8:B7:G	

6GAN69DEI>DC>HE:GB>II:9>C6CN>CI:G>BE:G>D9-=:DBE6CN69DEI:9,.


DC#6CJ6GN	
6C9>I9>9CDI
=6K:6B6I:G>6A>BE68IDC>IH688DJCI>C<6C99>H8ADHJG:H
>3?=5(D1D5=5>D"C'DK:B7:G
	I=:,>HHJ:9,.'D


U *),.$(")'*, # (-$0 ()' 2* (- 
$-"", ".$)($-&)-/, -/.)*$

$-"", ".$)()!()' .. ' (.2* (- -V-=:H:6B:C9B:CIHG:FJ>G:
EJ7A>88DBE6C>:HID9>H8ADH:	>CI=:CDI:HID;>C6C8>6AHI6I:B:CIH	HE:8>;>:9>C;DGB6I>DC67DJI8:GI6>C8DHIH6C9:ME:CH:H6I:68=
>CI:G>B6C96CCJ6AG:EDGI>C<E:G>D9,E:8>;>86AAN	I=:NL>AA7:G:FJ>G:9ID

Q
,+

DGB
$

Q>H8ADH:I=:6BDJCIHD;6EJG8=6H:HD;>CK:CIDGN7:BEADN::8DBE:CH6I>DC89:EG:8>6I>DC9>CI6C<>7A:6HH:I
6BDGI>O6I>DC6C9:9:EG:8>6I>DC	9:EA:I>DC	6C96BDGI>O6I>DCG:8DO:96HE6GID;D>A
6C9<6H
EGD9J8>C<68I>K>I>:H
DGDI=:G6BDJCIHD;9:EA:I>DC:ME:CH:>C8AJ9:9>C:68=G:A:K6CI:ME:CH:86EI>DC
Q"C8AJ9:8:GI6>C6BDJCIHI=6I6G:6AG:69NG:FJ>G:9ID7:9>H8ADH:9JC9:G8JGG:CI )>CI=:H6B:9>H8ADHJG:6HI=:
DI=:G9>H6<DCG:FJ>G:B:CIH
Q >H8ADH: 6 FJ6A>I6I>K: 9:H8G>EI>DC D; I=: 6BDJCIH G:B6>C>C< >C G:A:K6CI :ME:CH: 86EI>DCH I=6I 6G: CDI H:E6G6I:AN
9>H6<I6I>K:AN
Q >H8ADH: I=: IDI6A 6BDJCI D; H:AA>C< :ME:CH:H 6C9	 >C 6CCJ6A G:EDGI>C< E:G>D9H	 6C :CI>INXH 9:;>C>I>DC D; H:AA>C<
:ME:CH:H
"C#6CJ6GN
	I=:,>HHJ:9,.'D


8A6G>;N>C<I=::;;:8I>K:96I:;DGEJ7A>87JH>C:HH:CI>I>:H;DG;>H86AN:6GH
7:<>CC>C<6;I:G:8:B7:G	
6C9>CI:G>BE:G>D9HL>I=>C6CCJ6AG:EDGI>C<E:G>D9H7:<>CC>C<6;I:G:8:B7:G	

6GAN69DEI>DC>HE:GB>II:9-=:DBE6CN>H6HH:HH>C<,.


6C9>IH>BE68IDC>IH688DJCI>C<6C99>H8ADHJG:H
>3?=5)1H5C"C:8:B7:G
	I=:,>HHJ:9,.'D


U()' 2 -)*$

'*,)0 ' (.-.)()' 
2$-&)-/, -VBDC<DI=:GI=>CG:I=6IEJ7A>87JH>C:HH:CI>I>:HDC6C6CCJ6A76H>H9>H8ADH:
HE:8>;>886I::H>CI=:G6I:G:8DC8>A>6I>DC6C9EGDK>9:699>I>DC6A>C;DGB6I>DC;DGG:8DC8>A>C<>I:BHI=6IB::I6FJ6CI>I6I>K:
I=G:H=DA9>;I=::;;:8ID;I=DH:G:8DC8>A>C<>I:BH>H:FJ6AIDDGK:E:G8:CID;I=:6BDJCI8DBEJI:97NBJAI>EAN>C<
EG:I6M>C8DB:ADHH7NI=:6EEA>867A:HI6IJIDGN>C8DB:I6MG6I:-=:6B:C9B:CIH6AHDG:FJ>G:I=6I6AA:CI>I>:H9>H8ADH:DC6C
6CCJ6A76H>HI=:;DAADL>C<>C;DGB6I>DC67DJI>C8DB:I6M:HE6>9I=:6BDJCID;>C8DB:I6M:HE6>9C:ID;G:;JC9HG:8:>K:9
9>H6<C8DB: I6M:H E6>9 C:I D; G:;JC9H G:8:>K:9
9>H6<C9>K>9J6A?JG>H9>8I>DCH>CL=>8=>C8DB:I6M:HE6>9C:ID;G:;JC9HG:8:>K:9>H:FJ6AIDDGK:
E:G8:CID;IDI6A>C8DB:I6M:HE6>9C:ID;G:;JC9HG:8:>K:9-=>H96C8:>H:;;:8I>K:;DGEJ7A>87JH>C:HH:CI>I>:H;DG6CCJ6A
E:G>D9H7:<>CC>C<6;I:G:8:B7:G	
6GAN69DEI>DC>HE:GB>II:9;DG6CCJ6A;>C6C8>6AHI6I:B:CIHI=6I=6K:CDIN:I7::C
>HHJ:9 DG B69: 6K6>A67A: ;DG >HHJ6C8: -=: 6B:C9B:CIH H=DJA9 7: 6EEA>:9 DC 6 EGDHE:8I>K: 76H>H 6AI=DJ<= G:IGDHE:8I>K:
6EEA>86I>DC>HE:GB>II:9-=:DBE6CN69DEI:9,.


DC#6CJ6GN	
DC6G:IGDHE:8I>K:76H>H6C9>I9>9CDI=6K:6
B6I:G>6A>BE68IDC>IH688DJCI>C<6C99>H8ADHJG:H
#?D5K>F5CD=5>D(53EB9D95CF19<12<5?B(1<5
-=:;DAADL>C<I67A:H=DLH>CK:HIB:CIH:8JG>I>:H6K6>A67A:
;DG
H6A:

!#$ %!&$ $
=?BD9J54?CD
B?CC
*>B51<9J5419>C
B?CC
*>B51<9J54!?CC5C
19B+1:HH:8JG>I>:H

	

	

	
 
	
.,,I6I:H6C9EDA>I>86AHJ79>K>H>DCHH:8JG>I>:H

	

	

	 
	

&DGI<6<:
768@:9H:8JG>I>:H
:9:G6A6<:C8>:H

	

	

	
 
	
DGEDG6I:9:7IH:8JG>I>:H







T



-DI6A9:7IH:8JG>I>:H6K6>A67A:
;DG
H6A:

		

	

	 
		
:8:B7:G	

.,-G:6HJGN6C9:9:G6A6<:C8>:HH:8JG>I>:H

	



	 
	
.,,I6I:H6C9EDA>I>86AHJ79>K>H>DCHH:8JG>I>:H

	




	
 
	
&DGI<6<:
768@:9H:8JG>I>:H
:9:G6A6<:C8>:H

	



	 
	
-DI6A9:7IH:8JG>I>:H6K6>A67A:
;DG
H6A:

	
	



	 
		
BDGI>O:98DHI:M8AJ9:H688GJ:9>CI:G:HIG:8:>K67A:L=>8=>H>C8AJ9:9>C88GJ:9"C8DB:6C9(I=:GHH:IHDCI=:DCHDA>96I:9
,I6I:B:CIH D; >C6C8>6A DC9>I>DC I :8:B7:G 	 
 6C9 
	 688GJ:9 >CI:G:HI G:8:>K67A: DC >CK:HIB:CI H:8JG>I>:H
6K6>A67A:;DGH6A:L6H
B>AA>DC6C9B>AA>DC	G:HE:8I>K:AN
I :8:B7:G 	 
 6C9 
	 I=: G:H>9:CI>6A BDGI<6<:
768@:9 H:8JG>I>:H =:A9 7N I=: DBE6CN 8DCH>HI:9 EG>B6G>AN D;
 '&	'&6C9!%&E6HH
I=GDJ<=8:GI>;>86I:HL=>8=6G:K:6<:C8>:HD;I=:.C>I:9,I6I:H
H:	 ,H
-=:DBE6CN9>9CDI=DA96CNB6G@:I67A::FJ>INH:8JG>I>:H6I:8:B7:G	
6C9


Q
,+

DGB
$

-=:;DAADL>C<I67A:H=DLHI=:8DCIG68IJ6AB6IJG>I>:HD;>CK:HIB:CIH>C9:7IH:8JG>I>:H6K6>A67A:
;DG
H6A:6I:8:B7:G	

ME:8I:9B6IJG>I>:HL>AA9>;;:G;GDB8DCIG68IJ6AB6IJG>I>:H	7:86JH:7DGGDL:GHB6N=6K:I=:G><=IID86AADGEG:E6ND7A><6I>DCH
L>I=DGL>I=DJI86AADGEG:E6NB:CIE:C6AI>:H

!#$ %!&$ $
=?BD9J54
?CD
19B+1CDC:N:6GDGA:HH

	


	
J:6;I:GDC:N:6GI=GDJ<=;>K:N:6GH

	

	
J:6;I:G;>K:N:6GHI=GDJ<=I:CN:6GH

	



	
J:6;I:GI:CN:6GH

	

	

&DGI<6<:
768@:9H:8JG>I>:H

	

	
-DI6A9:7IH:8JG>I>:H6K6>A67A:
;DG
H6A:

		

		
-=:;DAADL>C<I67A:HJBB6G>O:HO:9ADHH:H6C9;6>GK6AJ:7N>CK:HIB:CI86I:A67A:
;DG
H6A: H:8JG>I>:H EDGI;DA>D 8DCH>HI:9 D;  H:8JG>I>:H	  D; L=>8= L:G: >C 6C JCG:6A>O:9 ADHH
EDH>I>DC
!5CCD81>
"?>D8C

=?>D8C?B!?>75B
)?D1<

!#$ %!&$ $
19B+1B51<9J54
!?CC5C
19B+1B51<9J54
!?CC5C
19B+1B51<9J54
!?CC5C
:8:B7:G	

.,-G:6HJGN6C9:9:G6A6<:C8>:HH:8JG>I>:H
 	



  	

	  	


	

.,,I6I:H6C9EDA>I>86AHJ79>K>H>DCHH:8JG>I>:H

	

 
	

	 
	

	
&DGI<6<:
768@:9H:8JG>I>:H
:9:G6A6<:C8>:H

	

 
	

	
 

	

	

-DI6A9:7IH:8JG>I>:H6K6>A67A:
;DG
H6A:
 	

  	

	
  	

	
:8:B7:G	

.,-G:6HJGN6C9:9:G6A6<:C8>:HH:8JG>I>:H
 
	

	  	

	  	

	
.,,I6I:H6C9EDA>I>86AHJ79>K>H>DCHH:8JG>I>:H

	



 
	


	
 
	

	

&DGI<6<:
768@:9H:8JG>I>:H
:9:G6A6<:C8>:H

	

	 
	


	 
	

	
-DI6A9:7IH:8JG>I>:H6K6>A67A:
;DG
H6A:
 	

	 	
	



	 		

	
-=:DBE6CN9D:HCDI8DCH>9:G6K6>A67A:
;DG
H6A:H:8JG>I>:HL>I=JCG:6A>O:9ADHH:H6I:8:B7:G	
ID7::ME:G>:C8>C<
8G:9>IADHH:H6C9G:8DO:9CDG:HJAI>C<6AADL6C8:;DG8G:9>IADHH:H-=:DBE6CN9D:HCDI>CI:C9IDH:AAI=:H:>CK:HIB:CIH
6C9>I>HBDG:A>@:ANI=6CCDII=6II=:DBE6CNL>AACDI7:G:FJ>G:9IDH:AAI=:H:>CK:HIB:CIH7:;DG:G:8DK:GND;I=:6BDGI>O:9
8DHI76H>H	L=>8=B6N7:I=:B6IJG>IN96I:HD;I=:H:8JG>I>:H-=:JCG:6A>O:9ADHH:HD88JGG:96H6G:HJAID;8=6C<:H>C>CI:G:HI
G6I:H	B6G@:IHEG:69H6C9B6G@:I8DC9>I>DCHHJ7H:FJ:CIIDEJG8=6H:
-=:;DAADL>C<I67A:H=DLHI=:EGD8::9H;GDBH6A:HD;6K6>A67A:
;DG
H6A:9:7IH:8JG>I>:H6C9I=:O:9<6>CH6C9O:9ADHH:HI=6I=6K:7::C>C8AJ9:9>C:6GC>CO:9<6>CH6C9ADHH:HD;6AAH:8JG>I>:H6G:
8DBEJI:9JH>C<I=:HE:8>;>8>9:CI>;>86I>DC8DHI76H>H

!#$ %!&$ $







)GD8::9H;GDBH6A:H

	



	


	
 GDHHG:6A>O:9<6>CH

T

T


 GDHHG:6A>O:9ADHH:H

	 
	 
	
I :8:B7:G 	 
 6C9 
	 >CK:HIB:CI H:8JG>I>:H L>I= 86GGN>C< K6AJ:H D;  B>AA>DC 6C9 
 B>AA>DC	
G:HE:8I>K:AN	L:G:EA:9<:96H8DAA6I:G6A;DGH:8JG>ING:EJG8=6H:61>4!51C59>1>39>7C
-DI6AAD6CH6C9A:6H:HDJIHI6C9>C<L:G:G:8DG9:9C:ID;JC:6GC:9>C8DB:6C99:;:GG:9AD6C;::H6C98DHIH6I:8:B7:G	

6C9
	6C9IDI6A:9
7>AA>DC6C97>AA>DC	G:HE:8I>K:ANI:8:B7:G	
6C9
	C:I9:;:GG:9AD6C6C9
A:6H: ;::H 8DHIH L:G: 
 B>AA>DC 6C9  B>AA>DC	 G:HE:8I>K:AN 88GJ:9 >CI:G:HI G:8:>K67A: DC AD6CH 6C9 A:6H:H 6I
:8:B7:G	
6C9
L6HB>AA>DC6C9
B>AA>DC	G:HE:8I>K:AN

Q
,+

DGB
$

"C I=: DG9>C6GN 8DJGH: D; 7JH>C:HH	 I=: DBE6CN =6H :MI:C9:9 AD6CH ID 8:GI6>C 9>G:8IDGH	 :M:8JI>K: D;;>8:GH	 6C9 EG>C8>E6A
H=6G:=DA9:GHD;:FJ>INH:8JG>I>:HD;HI,DJG8:6C9IDI=:>G6;;>A>6I:H"CI=:DE>C>DCD;B6C6<:B:CI	I=:H:AD6CH6G:B69:DC
HJ7HI6CI>6AANI=:H6B:I:GBH	>C8AJ9>C<>CI:G:HIG6I:H6C98DAA6I:G6A	6HI=DH:EG:K6>A>C<6II=:I>B:;DG8DBE6G67A:IG6CH68I>DCH
L>I= E:GHDCH CDI G:A6I:9 ID I=: DBE6CN 6C9 9>9 CDI >CKDAK: BDG: I=6C I=: CDGB6A G>H@ D; 8DAA:8I67>A>IN	 DG EG:H:CI DI=:G
JC;6KDG67A: ;:6IJG:H -=: AD6CH 6G: 8DCH>HI:CI L>I= HDJC9 76C@>C< EG68I>8:H 6C9 L>I=>C 6EEA>867A: G:C<
A>B>I6I>DCH-=:6<AA>DC6C9B>AA>DC6I:8:B7:G	
6C9

	G:HE:8I>K:ANJG>C<
	
B>AA>DCD;C:LAD6CH6C9DI=:G699>I>DCHL:G:B69:6C9
B>AA>DCD;G:E6NB:CIH
6C9DI=:GG:9J8I>DCHD88JGG:9JG>C<
	B>AA>DCD;C:LAD6CH6C9DI=:G699>I>DCHL:G:B69:6C9B>AA>DCD;
G:E6NB:CIH6C9DI=:GG:9J8I>DCHD88JGG:9
-=:DBE6CN:K6AJ6I:HAD6CH6C9A:6H:H	:M8:EIG:H>9:CI>6AG:6A:HI6I:6C9=DB::FJ>INAD6CH6C98DCHJB:GAD6CH	;DG8G:9>I
FJ6A>IN6IA:6HI6CCJ6AAN7JIBDG:;G:FJ:CIAN>;8:GI6>C8>G8JBHI6C8:HD88JGHJ8=6HB6I:G>6AC:L>C;DGB6I>DCL=>8=7:8DB:H
6K6>A67A:6C9>C9>86I:H6EDI:CI>6A8=6C<:>C8G:9>IG>H@-=:DBE6CNJH:HILDB:I=D9HID6HH:HH8G:9>IG>H@AD6CDGA:6H:
8G:9>IFJ6A>INIG>H@8A6HH>;>86I>DCH-=:EJGEDH:D;I=:AD6CDGA:6H:8G:9>IFJ6A>INHID9D8JB:CII=:
9:H@6HHD8>6I:9L>I=>C9>K>9J6A8G:9>IH6HL:AA6H>C;DGBB6C6<:B:CID;I=:9:H@>CI=:EDGI;DA>DI6@:C6H6
L=DA: G:9>I G>H@ 8A6HH>;>86I>DCH 6G: JH:9 ID 86I:O: AD6CH 7N 9:H@ 6C9 ID 9:H>C9>K>9J6A DG 8DBB>II::
6EEGDK6A 6JI=DG>I>:H ;DG =><=:G G>H@ 8G:9>IH 6I I=: I>B: D; DG><>C6I>DC G:9>I G>H@ 8A6HH>;>86I>DCH >C8AJ9: 86I::H ;DG
88:EI67A:	&6G<>C6A	,E:8>6AII:CI>DC	,E:8>6A+>H@	+:HIG>8I:97N)DA>8N	+:7>I:97N%6L
AAAD6CH6C9A:6H:H	:M8:EIG:H>9:CI>6AG:6A:HI6I:6C9=DB::FJ>INAD6CH6C98DCHJB:GAD6CH	6G:6HH>IFJ6A>INI=C<HJE:G>DG8G:9>IFJ6A>IN-=:8G>I:G>6JH:9ID6HH>DCHD;
8G:9>II=6I:M=>7>IEDI:CI>6AEGD7A:BHDGL:AA
9:;>C:9L:6@C:HH:H6G:EG>B6G>AN76H:9JEDCI=:9:H@6C9I=:A>@:A>=DD9
D; DG9:GAN G:E6NB:CI	 6C9 I=:>G :;;:8I DC I=: DBE6CNXH H6;:IN 6C9 HDJC9C:HH %D6CH DG A:6H:H 9:G:9 UHE:8>6A 6II:CI>DCV 8G:9>IH 6C9	 6H HJ8=	 JC9:GIDG>C< DC 6 FJ6GI:GAN 76H>H  G69:  8G:9>IH 6G:
9:;>C:96HUL6I8=V6C98DCI6>CIG>H@6C96G:BDC>IDG:9IDA>B>II=:DBE6CNXH:MEDHJG:ID>C8G:6H:9
G>H@IH6G:UHE:8>6AB:CI>DCV6C9	;DAADL>C<G:9:A>C:H	6G:9:;>C:96H=6K>C<EDI:CI>6AL:6@C:HH:HI=6I
9:H:GK: B6C6<:B:CIXH 8ADH: 6II:CI>DC G:9>IH I=6I :M=>7>I L:AA
9:;>C:9 L:6@C:HH:H 6C9 6 9>HI>C8I EDHH>7>A>IN D; ADHH 6G:
8DCH>9:G:9WW8A6HH>;>:9XX6C96G:C<IDI=:G:C>I>DCHD;UHJ7HI6C96G9V9:CI>6A G:6A :HI6I: 6C9 =DB: :FJ>IN 6C9
8DCHJB:GAD6CH	8G:9>IFJ6A>IN>H76H:9DCI=:6<>C<HI6IJHD;I=:AD6C6C97NE6NB:CI68I>K>IN'DCE:G;DGB>C<AD6CH6G:I=DH:
AD6CHL=>8=6G:DCCDC688GJ6AHI6IJHDG6G:
DGBDG:E6HI9J:
:ADL>H6HJBB6GND;I=:DBE6CNXHAD6C6C9A:6H:EDGI;DA>DH:H8JHH>DCD;I=:G>H@8=6G68I:G>HI>8HG:A:K6CIID
:68=EDGI;DA>DH:I>:HL>I=>CI=:DBE6CNXHAD86AB6G@:I8DBBJC>I>:H%D6CH6G:;DG7JH>C:HHDG
6
7JH>C:HH EJGEDH:H 6C9 >C8AJ9: LDG@>C< 86E>I6A A>C:H D; 8G:9>I H:8JG:9 7N 688DJCIH G:8:>K67A: 6C9 >CK:CIDGN I=6I 6G:
<:C:G6AAN G:C:L67A: 6CCJ6AAN 6C9 I:GB AD6CH H:8JG:9 7N :FJ>EB:CI L>I= 6BDGI>O6I>DCH 76H:9 DC I=: :ME:8I:9 A>;: D; I=:
JC9:GAN>C< 8DAA6I:G6A	 <:C:G6AAN I=G:: ID H:K:C N:6GH -=:H: AD6CH 6G: INE>86AAN ;JGI=:G HJEEDGI:9 7N E:GHDC6A 6A:MEDHJG:>HID6L>9:G6C<:D;>C9JHIG>:H6C9H:GK>8:H+>H@H>CI=>HH:8IDG6G:6AHDK6G>:96C96G:BDHI>BE68I:97N
<:C:G6A :8DCDB>8 8DC9>I>DCH +>H@ B>I><6CIH >C8AJ9: 6EEGDEG>6I: JC9:GLG>I>C< 6C9 BDC>IDG>C< 6C9	 L=:C 6EEGDEG>6I:	
C8AJ9>C<,6C9,
 ( 1&  ( ,"34AD6CH6G:;DGI=:EJGEDH:D;;>C6C8>C<EG>B6G>ANHDA6GG:A6I:9EGD?:8IH6C9B6N>C8AJ9:8DCHIGJ8I>DC9G6L
CDI:H	DE:G6I>C<AD6CH	A:II:GHD;8G:9>I6C9B6N:CI6>A6I6M:FJ>INHIGJ8IJG:-=:DBE6CNXH8DG:;D8JH>HHDA6G;>C6C8>C<	7JI
>IH A:C9>C< 68I>K>I>:H B6N 6AHD >C8AJ9: 6 A>B>I:9 6BDJCI D; 76II:GN HIDG6<: EGD?:8IH DG DI=:G 6AI:GC6I>K: :C:GC 6 BJAI>
HI6I: 6G:6 >C8AJ9:H I6C<>7A: 6HH:IH D; I=: 7DGGDL:G	 6HH>CI6C<>7A: 6HH:IH >C8AJ9>C< EDL:G
EJG8=6H: 6IH 6C9 A>8:CH:H >C6C8>C< >H EGDK>9:9 ID FJ6A>;>:9 7DGGDL:GH I=GDJ<=DJI I=:
8DCI>C:CI6A.C>I:9,I6I:HL>I=6C:BE=6H>HDCI=:G:<>DC:6HID;I=:+D8@N&DJCI6>CH
/.)(&$"#..,/%4AD6CH6G:H:8JG:97NK:=>8A:H6C97DGGDL:GH6G:C6I>DCL>9:-=:EDGI;DA>D8DCH>HIHD;BJAI>EA:>C9JHIG>:H
6JIDG:CI6A	6JIDA:6H>C<6C96HB6AAHE:8>6AINK:=>8A:H:8=I=:DBE6CN>HA6G<:AN:M>I>C<DGGDL:GH>CI=:6JID
G:CI6A H:B6G>AN >C9:E:C9:CI 6JID G:CI6A :CI>I>:H L>I= DC
6>GEDGI 6C9 D;;
6>GEDGI AD86I>DCH	 6C9 HDB: >CHJG6C8:
G:EA68:B:CI7JH>C:HH%D6CI:GBH6G:G:A6I>K:ANH=DGI	<:C:G6AAN:><=I::CBDCI=H	7JIJEID;DJGN:6GHJIDA:6H>C<8JHIDB:GH
A:6H: ID 7JH>C:HH:H 6C9 I=: DBE6CN I6@:H 6HH>IH A>:C DC I=: K:=>8A:H -:GBH 6G:
<:C:G6AANADC<:GI=6CI=:6JIDG:CI6AH:8IDG	I=G::IDH:K:CN:6GH6C9B6I8=I=:JC9:GAN>C<A:6H:H+>H@H>C8AJ9::8DCDB>8G>H@H
6C98DAA6I:G6AG>H@H	EG>C8>E6AANJH:9K:=>8A:K6AJ:H
 $/'(# 03/.3.,/%4AD6CH6C9;JAA
H:GK>8:IGJ8@A:6H:H6G:H:8JG:97N=:6KN
9JINIGJ8@H	8DBBDCANA6HHIGJ8@H
6C9IG6>A:GH	6C96G:<:C:G6AANE:GHDC6AANI>DCID:8DCDB>8G>H@H	8DAA6I:G6AG>H@>HH>;>86CI>C6C8>C<>H
<:C:G6AAN6I;JAA8DHI	EAJH699>I>DC6A:ME:C9>IJG:HID<:II=:K:=>8A:DE:G6I>DC6A	HJ8=6HI6M:H	>CHJG6C8:6C9;::H"II6@:HI=G::
ID;DJGN:6GHD;9:7I6BDGI>O6I>DCIDG:68=6C:FJ>INEDH>I>DC>CI=:8DAA6I:G6A

Q
,+

DGB
$

$,,!.4AD6CH6G:ID9DB:HI>86C9;DG:>I=I=:9DB:HI>8H:K>9:9>CIDILDEDDAHE:GHDC6A
6C9 7JH>C:HH JH:	 6C9  9:6A:GH 6C9 DE:G6IDGH -=: DBE6CNXH ;D8JH ;DG I=: ;DG:>H %6I>C B:G>86	 EG>C8>E6AAN
&:M>8D6C9G6O>A%D6CH6G:EG>B6G>ANH:8JG:97NC:L6C9JH:97JH>C:HH?:IH6C9=:A>8DEI:GH	L>I=6EEGDEG>6I:69K6C8:H	
6BDGI>O6I>DCH D; I:C ID ;>;I::C N:6GH	 6C9 6G: <:C:G6AAN C9>K>9J6AH -=: BDHI H>;>86CI G>H@ >C I=: >G8G6;I
EDGI;DA>D>H8DAA6I:G6AG>H@
KDA6I>A>IN>CJC9:GAN>C<K6AJ:H6C9B6>CI:C6C8:8DC8:GCH-=:EDGI;DA>D>HHJ7?:8IIDC6I>DC6A6C9
8G>H@H
)(-.,/.$)( +/$*' (.4AD6CH6G:ID7DGGDL:GHI=GDJ<=DJII=:8DJCIGNH:8JG:97NHE:8>;>8:FJ>EB:CI-=:7DGGDL:GH>C8AJ9:
=><=L6N6C9GD697J>A9:GH	6HE=6AIEGD9J8:GH6C9E6K:GH	HJEEA>:GHD;6<I:9:K:ADE:GH	;G68H6C9DE:G6I>DCH	
<:C:G6A8DCHIGJ8I>DC:FJ>EB:CI9:6A:GH6C9DE:G6IDGH	6C98G6C:G:CI6A:CI>I>:H :C:G6AAN	AD6CH>C8AJ9:E:GHDC6ADC:FJ>EB:CI>C9JHIGN>H=:6K>AN9:E:C9:CIDCI=:.,:8DCDBN6C9I=:H
G:A>6CIDC>CK:HIB:CIH;GDBEJ7A>86C9EG>K6I:H:8IDGH>CIDJG76C>O6I>DC6C9>C;G6HIGJ8IJG:EGD?:8IH
)'' ,$&, & -.. 4AD6CH6G:<:C:G6AANID:CI>I>:HL>I=>CI=:AD86AB6G@:I8DBBJC>I>:HH:GK:97NI=:DBE6CNL>I=
69K6C8:H <:C:G6AAN L>I=>C G:9:A>C:H !>HIDG>86AAN	 I=: DBE6CNXH :MEDHJG: ID 8DBB:G8>6A G:6A :HI6I: =6H 7::C
EG>B6G>ANIDI=:A:HHG>H@NDLC:G
D88JE>:9H:CI=:CDC
DLC:G
D88JE>:9H:H
EDGI;DA>DDK:GI=:A6HIH:K:G6AN:6GH-=:CDC
DLC:G
D88JE>:9H:C8AJ9:H=DI:AH	6E6GIB:CI8DBEA:M:H6C9L6G:=DJH>C<
;68>A>I>:H-=:G:>H<:C:G6AANA>B>I:9:MEDHJG:ID8DCHIGJ8I>DCAD6CH6AI=DJ<=6IEG:H:CI	8DCHIGJ8I>DC:MEDHJG:H6G:8DBE6G67AN
=><=:GI=6CEG:K>DJHE:G>D9H&6CN8DBB:G8>6AG:6A:HI6I:AD6CH86GGNE:GHDC6AI>DC6AG>H@H>CI=:8DBB:G8>6A
G:6A :HI6I: EDGI;DA>D >C8AJ9: >CI:G:HI G6I: G>H@	 <:D86A 8DC8:CIG6I>DC >C CDGI=:GC "C9>6C6 6C9 HDJI=L:HI &>8=><6C	 6C9
<:C:G6A:8DCDB>88DC9>I>DCH
 -$ (.$& , &  -..  ( #)'   +/$.3 S AD6CH EG:9DB>C6CIAN >C8AJ9: DC:
ID
;DJG ;6B>AN BDGI<6<:H ID 7DGGDL:GH >C I=:
DBE6CNXHAD86AB6G@:I8DBBJC>I>:H6C96G:6EEGDEG>6I:ANJC9:GLG>II:C6C9H:8JG:97NG:H>9:CI>6AG:6A:HI6I:
)(-/' ,SAD6CH6G:ID>C9>K>9J6AH>CI=:DBE6CNXHAD86AB6G@:IH6C96JIDAD6CH6G:<:C:G6AANH:8JG:97NE:GHDC6AK:=>8A:H
6C96EEGDEG>6I:ANJC9:GLG>II:C

Q
,+

DGB
$

-=:;DAADL>C<I67A:H=DLHI=:6BDGI>O:98DHID;AD6CH6C9A:6H:H	H:DH:IFJ6A>ING6I>C<6C9
N:6GD;DG><>C6I>DC6HD;:8:B7:G	

)5B=!?1>C1>4!51C5C2I$B979>1D9?>.51B

!#$ %!&$ $















%B9?B
'5F?7
!?1>C
'5F?7
!?1>C
?>F5BD54D?
)5B=
)?D1<
?==5B391<1>417B93E6A6C968JAIJG6A
 	 
	
 
	 
	
 
	 
	
 
	
 
T 
	
JGG:CIE:G>D95G12<55>5B7I
 G69:H

 	 
	
 
	 
	 
	 
	 
T 
T 
	
 G69:H


T 
T 
T 
T 
T 
T 
T 
T 
T
-DI6AG:C:L67A::C:GD94<978DDBE3;
 G69:H

 	  
	 
	
 
	 
	 
	
 
T 
T 
	
 G69:H


	 
	 
	
 
	 
 
 
T 
T 
	
-DI6A6JID6C9A><=IIGJ8@
 	  	  	

 

	 
	
 
	 
T 
T 
	
JGG:CIE:G>D94851FI4EDIDBE3;
 G69:H



	 

	 
	 
	 

	
 
	 
T 
 
	
 G69:H


 
T 
	 
	 
	
 
 
T 
T 
	
-DI6AB:9>JB6C9=:6KN9JINIGJ8@


	
 

	 
	 
	
 
	 
	 
T 
 
	
JGG:CIE:G>D9G8G6;I
 	
  	
  	  
	  	 
	 
	
 
T  	
	
JGG:CIE:G>D9CDBE3D9?>5AE9@=5>D
 G69:H

 	  
	
  
	  
	
 
	
 
	
 
	 
	  	
	
 G69:H


	 
	
 
	 
	 
 
	 
T 
T 

	

-DI6A8DCHIGJ8I>DC:FJ>EB:CI
 	  	
  
	  	
 
	 
	 
	 
	  		
JGG:CIE:G>D96AG:6A:HI6I:
 	  	  	  
	
  	  	
 
 
T  		
JGG:CIE:G>D9D91<B51<5CD1D51>48?=55AE9DI
):G;DGB>C<

	 
	 
	 
	 
	  	
 

	 
	 
	
'DCE:G;DGB>C<


 
 
 
 

 
 
	
 

 
	

-DI6AG:H>9:CI>6AG:6A:HI6I:6C9=DB:
:FJ>IN

	 
	 
	
 
	 
	
  	 

	
 
	 

	
JGG:CIE:G>D9CE=5B
):G;DGB>C<

	
 
	 
	 
	 
	 
	 
	
 
T 
	
'DCE:G;DGB>C<


 
 
 
 

 
 
T 
T 


-DI6A8DCHJB:G

	 
	 
	 
	
 
	 
	 
	
 
T 

	
JGG:CIE:G>D9C<I67A:H=DLHI=:6BDGI>O:98DHID;AD6CH6C9A:6H:H	H:DH:IFJ6A>ING6I>C<6C9
N:6GD;DG><>C6I>DC6HD;:8:B7:G	

)5B=!?1>C1>4!51C5C2I$B979>1D9?>.51B

!#$ %!&$ $















%B9?B
'5F?7
!?1>C
'5F?7
!?1>C
?>F5BD54D?
)5B=
)?D1<
?==5B391<1>417B93E6A6C968JAIJG6A
 	  	 
	 
	 
	 

	 
	
 
T 
	
JGG:CIE:G>D95G12<55>5B7I
 G69:H

 
	  	 
	
 

	
 
	 
	 
T 
T 
	
 G69:H


T 
T 
T 
T 
T 
T 
T 
T 
T
-DI6AG:C:L67A::C:GD94<978DDBE3;
 G69:H

 	
  	  
	 
	 

	
 
	 
T 
T 
	
 G69:H


	 
	 
	 
 
	
 
 
T 
T 

	
-DI6A6JID6C9A><=IIGJ8@
 	  	  
	 
	 
	 
	 
T 
T 
	
JGG:CIE:G>D94851FI4EDIDBE3;
 G69:H


	 
	 
	 
	 
	 
	 
T 
T 
	
 G69:H


T 
	 
	 

 
T 
 
T 

 
	
-DI6AB:9>JB6C9=:6KN9JINIGJ8@

	 
	
 
	 
	 
	 
	
 
T 

 
	
JGG:CIE:G>D9G8G6;I
 	  	
  	  	

 
	

 
	 
	 
T  		
JGG:CIE:G>D9CDBE3D9?>5AE9@=5>D
 G69:H

 	
  	  
	 

	 
	
 

	
 
	 
	  		
 G69:H


	 

	
 
	 
	 
	 
T 
T 
T 
	

-DI6A8DCHIGJ8I>DC:FJ>EB:CI
 	  	
  	

 
	 
	 

	
 
	 
	  	
	
JGG:CIE:G>D96AG:6A:HI6I:
 	  	  	  	 
	  	 
 
T  		
JGG:CIE:G>D9D91<B51<5CD1D51>48?=55AE9DI
):G;DGB>C<

	
 
	 
	 
	 
	 
	 
	 
	
 
	
'DCE:G;DGB>C<

T 
 
 
 

 

 
	 
 
	

-DI6AG:H>9:CI>6AG:6A:HI6I:6C9=DB:
:FJ>IN

	
 
	
 
	
 
	 
	 
	 
	
 
	 

	

JGG:CIE:G>D9CE=5B
):G;DGB>C<

	 
	
 
	 

	
 
	 
 
	 
T 
	
'DCE:G;DGB>C<

 
 
 
 
 

 
T 
T 


-DI6A8DCHJB:G

	 
	 
	
 

	 
	 
	

 
	 
T 
	
JGG:CIE:G>D9C<I67A:H=DLHI=:6BDGI>O:98DHID;AD6CH6C9A:6H:H	H:DH:I=9:A>CFJ:C8N6<>C<6C9
CDC688GJ6AHI6IJH

!#$ %!&$ $
EBB5>D

1IC
%1CDE5

1IC
%1CDE5
1IC?B
"?B5%1CD
E5
1>433BE9>7
)?D1<
33BE9>7
)?D1<
#?>133BE1<
#?>133BE1<
G9D8#?
<356?B
B549D!?CC
)?D1<
9>1>39>7
'5359F12<5C
:8:B7:G	

DBB:G8>6A6C968JAIJG6A
 	





T
 	


	



	
+:C:L67A::C:G<=IIGJ8@

	




T

T

	

	

	

	
&:9>JB6C9=:6KN9JINIGJ8@

	

T

T

T

	

	

T

	
>G8G6;I
 	
	

	

T

T
 	
	

T

T

	
	
DCHIGJ8I>DC:FJ>EB:CI
 	
	

	

T

T
 	
	

	


	

		
DBB:G8>6AG:6A:HI6I:
 		



T

T
 		


	

	

		
+:H>9:CI>6AG:6A:HI6I:6C9
=DB::FJ>IN

	


	






	

	

T


	
DCHJB:G

	





T

	




T


	
-DI6A
		


	

	




	
	


	


	
 	
	
:8:B7:G	

DBB:G8>6A6C968JAIJG6A
 	





T
 	

	

	

	
+:C:L67A::C:G<=IIGJ8@

	


	

T

T

	

	




	
&:9>JB6C9=:6KN9JINIGJ8@

	

T

T

T

	

T

T

	
>G8G6;I
 		

T

T

T
 		

T

T

		
DCHIGJ8I>DC:FJ>EB:CI
 		

T

T

T
 		

	

	


	
	
DBB:G8>6AG:6A:HI6I:
 	
	

	


T

T
 		


	

	


		
+:H>9:CI>6AG:6A:HI6I:6C9
=DB::FJ>IN

	

	







	


	

T


	

DCHJB:G

	









	




T

	
-DI6A
	
	

	






		


	

	
 		

"CI:G:HI>C8DB:;DGI=:N:6GH:C9:9:8:B7:G	
	
	6C9
	LDJA9=6K:>C8G:6H:97N6EEGDM>B6I:ANB>AA>DC	

B>AA>DC	6C9B>AA>DC	G:HE:8I>K:AN	>;I=:CDC688GJ6AAD6CH6C9A:6H:H=69:6GC:9>CI:G:HI6II=:>G;JAA8DCIG68IG6I:
AD6CDGA:6H:>H8DCH>9:G:98DAA6I:G6A
9:E:C9:CIL=:CI=:7DGGDL:G>H:ME:G>:C8>C<;>C6C8>6A9>;;>8JAIN6C9I=:AD6CDGA:6H:>H
:ME:8I:9ID7:G:E6>9HJ7HI6CI>6AANI=GDJ<=I=:DE:G6I>DCDGH6A:D;I=:8DAA6I:G6AME:8I:98G:9>IADHH:H;DG8DAA6I:G6A
9:E:C9:CI
AD6CH6C9A:6H:H6G:76H:9DCI=:;6>GK6AJ:D;I=:8DAA6I:G6A	69?JHI:9;DGH:AA>C<8DHIH6H6EEGDEG>6I:,>;>86CIFJ6GI:GDK:G
FJ6GI:G8=6C<:H6G:G:;A:8I>K:D;8=6C<:H>CCDC688GJ6AHI6IJH6C9CDIC:8:HH6G>AN6HHD8>6I:9L>I=8G:9>IFJ6A>IN>C9>86IDGHA>@:
6EEG6>H6AK6AJ:

Q
,+

DGB
$

-=:;DAADL>C<I67A:H=DLHI=:6BDGI>O:98DHI76H>HD;8DAA6I:G6A
9:E:C9:CIAD6CH	H:DH:8=6G:
>C9>K>9J6AAN:K6AJ6I:9ID9:I:GB>C:8G:9>IADHH:H

!#$ %!&$ $
'51<CD1D5
AE9@=5>D
5>5B1<
EC9>5CC
CC5DC
)?D1<
<35?>
?<<1D5B1<
5@5>45>D!?1>C
1>4!51C5C
:8:B7:G	

DBB:G8>6A6C968JAIJG6A

T 
T 
	 
	 

JID6C9A><=IIGJ8@

T 
	 
T 
	 
	


&:9>JB6C9=:6KN9JINIGJ8@

T 
	
 
T 
	
 

DCHIGJ8I>DC:FJ>EB:CI

T 

	 
T 

	 
T
DBB:G8>6AG:6A:HI6I:

	 
T 
T 
	 
T
-DI6A

	 
	 
	 
	 
	
:8:B7:G	

DBB:G8>6A6C968JAIJG6A

T 
T 
	
 
	
 


JID6C9A><=IIGJ8@

T 
 
T 
 
T
DCHIGJ8I>DC:FJ>EB:CI

T 
	
 
T 
	
 
T
DBB:G8>6AG:6A:HI6I:

	
 
T 
T 
	
 
T
-DI6A

	
 
	 
	
 
	

 


%D6C&D9>;>86I>DCHIDDGGDL:GHME:G>:C8>C<>C6C8>6A>;;>8JAIN
-=:;DAADL>C<I67A:H=DLHI=:6BDGI>O:98DHID;AD6CH6C9A:6H:HDK:G
	


6I:8:B7:G	
6C9
	G:HE:8I>K:AN	
I=6IL:G:7DI=:ME:G>:C8>C<;>C6C8>6A9>;;>8JAIN6C9BD9>;>:99JG>C<I=:IL:AK:BDCI=H:C9:9:8:B7:G	
6C9
	
G:HE:8I>K:AN	 H:D H:;>86I>DC -=: E:G8:CI6<: D; I=: 6BDGI>O:9 8DHI D; AD6CH 6C9
A:6H:HI=6IL:G:BD9>;>:9ID7DGGDL:GH>C;>C6C8>6A9>HIG:HH6H8DBE6G:9IDI=:6BDGI>O:98DHID;:68=H:C6C8>6A
G:8:>K67A:>H6AHDEG:H:CI:97:ADL

!#$ %!&$ $
%1I=5>D
5<1I
)5B=
HD5>C9?>
>D5B5CD
'1D5
'54E3D9?>
?=29>1D9?>
%1I=5>D5<1I
1>4)5B=
HD5>C9?>
?6)?D1<
(57=5>D
9>1>39>7
'5359F12<5C
:8:B7:G	

DBB:G8>6A6C968JAIJG6A

T 
	 
T 
	


JID6C9A><=IIGJ8@

	
 
	

 
T 
T

&:9>JB6C9=:6KN9JINIGJ8@

T 
T 
T 
	



DCHIGJ8I>DC:FJ>EB:CI

T 
 
T 
T



-DI6A

	
 
	
 
T 
	


:8:B7:G	

DBB:G8>6A6C968JAIJG6A

	
 
T 
T 
T


JID6C9A><=IIGJ8@

T 
T 
T 

	


&:9>JB6C9=:6KN9JINIGJ8@

T 
T 
T 
	



DBB:G8>6AG:6A:HI6I:

 
T 
T 
T



-DI6A

	

 
T 
T 
	


-=:G: L:G: 
 B>AA>DC 6C9 
 B>AA>DC D; 8DBB>IB:CIH ID A:C9 699>I>DC6A 6BDJCIH ID I=: 7DGGDL:GH >C8AJ9:9 >C I=:
EG:K>DJHI67A:6I:8:B7:G	
6C9:8:B7:G	
	G:HE:8I>K:AN

Q
,+

DGB
$

-=: DBE6CN 8ADH:AN BDC>IDGH I=: E:G;DGB6C8: D; AD6CH 6C9 A:6H:H I=6I =6K: 7::C BD9>;>:9 ID 7DGGDL:GH :ME:G>:C8>C<
;>C6C8>6A9>;;>8JAINIDJC9:GHI6C9I=::;;:8I>K:C:HHD;>IHBD9>;>86I>DC:;;DGIH-=:;DAADL>C<I67A:H=DLHI=:E:G;DGB6C8:D;
HJ8=AD6CH6C9A:6H:HI=6I=6K:7::CBD9>;>:99JG>C<I=:IL:AK:BDCI=H:C9:9:8:B7:G	
6C9:8:B7:G	
	
G:HE:8I>K:AN

!#$ %!&$ $
EBB5>D

1IC
%1CDE5

1IC
%1CDE5
1IC?B
"?B5%1CDE5
)?D1<
%1CDE5
:8:B7:G	

DBB:G8>6A6C968JAIJG6A

	

 
T 
T 
 

JID6C9A><=IIGJ8@

	

 
	 
	 
T 
	

&:9>JB6C9=:6KN9JINIGJ8@

	
 
T 
T 
T 
T
DCHIGJ8I>DC:FJ>EB:CI

 
T 
T 
T 
T
-DI6A

	 
	 
	 
 
	
:8:B7:G	

DBB:G8>6A6C968JAIJG6A

	
 
T 
T 
T 
T
JID6C9A><=IIGJ8@

	 
T 
 
T 

&:9>JB6C9=:6KN9JINIGJ8@

	
 
T 
T 
T 
T
DBB:G8>6AG:6A:HI6I:

 
T 
T 
T 
T
-DI6A

	 
T 
 
T 

-=: ;DAADL>C< I67A: H=DLH I=: ;>C6C8>6A :;;:8I D; AD6C 6C9 A:6H: BD9>;>86I>DCH EG:H:CI:9 67DK: ID 7DGGDL:GH :ME:G>:C8>C<
;>C6C8>6A9>;;>8JAIN;DGI=:IL:AK:BDCI=H:C9:9:8:B7:G	
6C9:8:B7:G	
	G:HE:8I>K:AN
,5978D54
F5B175
>D5B5CD'1D5
'54E3D9?>
,5978D54
F5B175
)5B=
HD5>C9?>9>
=?>D8C
,5978D54F5B175
%1I=5>D5<1I9>
=?>D8C
?=29>1D9?>
,5978D54F5B175
%1I=5>D5<1I1>4
)5B=HD5>C9?>9>
=?>D8C
:8:B7:G	

DBB:G8>6A6C968JAIJG6A
T



JID6C9A><=IIGJ8@
T



&:9>JB6C9=:6KN9JINIGJ8@
T



DCHIGJ8I>DC:FJ>EB:CI
T



-DI6A
T



:8:B7:G	

DBB:G8>6A6C968JAIJG6A
T



JID6C9A><=IIGJ8@
T



&:9>JB6C9=:6KN9JINIGJ8@
T



DBB:G8>6AG:6A:HI6I:
T



-DI6A
T



-=:G:L6HDC:BD9>;>:9AD6CID67DGGDL:G:ME:G>:C8>C<;>C6C8>6A9>;;>8JAINL=>8==696E6NB:CI9:;6JAIL>I=>CIL:AK:BDCI=H
D;BD9>;>86I>DC9JG>C<:68=D;I=:IL:AK:BDCI=E:G>D9H:C9:9:8:B7:G	
6C9:8:B7:G	
	G:HE:8I>K:AN
.EDCI=:DBE6CNXH9:I:GB>C6I>DCI=6I6BD9>;>:9AD6CDGA:6H:=6HHJ7H:FJ:CIAN7::C9::B:9JC8DAA:8I>7A:	I=:AD6CDGA:6H:
>HLG>II:CD;;-=:G:;DG:	I=:6BDGI>O:98DHID;I=:AD6C>HG:9J8:97NI=:JC8DAA:8I>7A:6BDJCI6C9I=:6AADL6C8:;DGAD6C6C9
A:6H:ADHH:H>H69?JHI:97NI=:H6B:6BDJCI

Q
,+

DGB
$

#?D5K<356?BB549D!?CC5C
AADL6C8:;DG%D6C6C9%:6H:%DHH:H
-=:B:I=D9DADB6I:I=:6EEGDEG>6I:A:K:AD;I=:6AADL6C8:;DGAD6C6C9A:6H:ADHH:H>H9:H8G>7:9>C'DI:	JC9:G
I=:=:69>C<UAADL6C8:;DGG:9>I%DHH:HV-=:6AADL6C8:;DGAD6C6C9A:6H:ADHH:H6I:8:B7:G	
6C9
	G:EG:H:CIH
I=:DBE6CNXH8JGG:CI:HI>B6I:D;A>;:I>B:8G:9>IADHH:H>C=:G:CI>CI=:AD6C6C9A:6H:EDGI;DA>D-=:;DAADL>C<I67A:H=DLHI=:
8=6C<:H >C I=: 6AADL6C8: ;DG AD6C 6C9 A:6H: ADHH:H	 H:D H:CC>C<D;N:6G

	

	

	

	
 	

	

	

	

	

	

=6G<:
D;;H

	


T

	

T



	






	

	


+:8DK:G>:H



T

	


T












	

':I8=6G<:
D;;HG:8DK:G>:H

	

T




T


 


 


	

	

)GDK>H>DCG:8DK:GND;
EGDK>H>DC

	

	

	

 


 




	

	


	
6A6C8:	:C9D;N:6G

	

	

	

	
 	

	

	

	


	

	


6A6C8:	7:<>CC>C<D;N:6G

	

	


	

	
 	

	


	


	

	

	
=6G<:
D;;H

	

T




T



	

T



	

	

+:8DK:G>:H



T

	

T

	

	









	

':I8=6G<:
D;;HG:8DK:G>:H

	


T

	 
T

	 

 
 



	

	
)GDK>H>DCG:8DK:GND;
EGDK>H>DC

	

	

 
	 
	
 
	







	

	
6A6C8:	:C9D;N:6G

	

	

	

	
 	

	

	

	

	

	



6A6C8:	7:<>CC>C<D;N:6G

	

	

	

	
 	


	


	

	

	

	
=6G<:
D;;H

	


T



T

T








	

	
+:8DK:G>:H



T

	





	







	

':I8=6G<:
D;;HG:8DK:G>:H

	


T

	 
 
 
	
 


 


	
)GDK>H>DCG:8DK:GND;
EGDK>H>DC

	


 
	 
	

	
 


	





	
6A6C8:	:C9D;N:6G

	

	


	

	
 	

	


	


	

	

	

!#$ %!&$ $
?==5B391<
1>4
17B93E5G12<5
5>5B7I
ED?1>4
<978DDBE3;
"549E=
1>4
851FI4EDI
DBE3;
9B3B16D
?>CDBE3D9?>
5AE9@=5>D
?==5B391<
B51<5CD1D5
'5C945>D91<
B51<5CD1D5
1>48?=5
5AE9DI
?>CE=5B
)?D1<
-=:6AADL6C8:;DGAD6C6C9A:6H:ADHH:H>C8G:6H:9N:6G
DK:G
N:6G>C
9J:IDAD6CK:>BE68ID;8=6C<:H>C
I=:;DG:86HI69?JHIB:CI	6C96BD9:HI>C8G:6H:>CHE:8>6A6II:CI>DC76A6C8:H	L=>8=6G:G:H:GK:96I=><=:GG6I:H-=:DBE6CN
G:B6>CH86JI>DJHDCI=:;DGL6G9
DJIADD@6C9I=:;DG:86HI69?JHIB:CIG:;A:8IH6C>C8G:6H:>C9DLCH>9:G>H@6H8DBE6G:9IDI=:
EG>DG N:6G
:C9 6C6ANH>H  GDLI= :ME:8I6I>DCH G:B6>C ;G6<>A:	 6C9 I=: ;DG:86HI G:;A:8IH =:><=I:C:9 JC8:GI6>CIN 6C9 6 7GD69:G
G6C<:D;EDI:CI>6AC:<6I>K:B68GD:8DCDB>8DJI8DB:H6H8DBE6G:9IDI=:EG:K>DJHN:6G
:C9AADL6C8:>C8G:6H:HL:G:E6GI>6AAN
D;;H:I7N9:8A>C:H>C=>HIDG>86AADHHG6I:H9J:ID<:C:G6AANBD9:HI8=6G<:
D;;H6C9DGG:8DK:GN68I>K>IN>CH:A:8IEDGI;DA>DH6H
8DBE6G:9IDI=:EG>DGN:6G
:C9
8DCDB>8(JIADD@
HD;:8:B7:G	
	I=:BDHIH>;>86CI:8DCDB>8;68IDGH>BE68I>C<I=:DBE6CNXHAD6CEDGI;DA>DH6G:JC8:GI6>CIN>CI=:
9DB:HI>8C<>BE68ID;8=6C<:H>CIG69:EDA>8N	HI>AA
:A:K6I:9>C;A6I>DC6C9>CI:G:HIG6I:H	6ADC<L>I=
DCC<;DG:>8IH6C9<:DEDA>I>86A>CHI67>A>IN-=:A67DGB6G@:I=6H:M=>7>I:97GD69:C>C<H>C<	>C8AJ9>C<6
9:8A>C:>C?D7DE:C>CC9JHIGNH:8IDG7G:69I=;DGBJAI>EA:8DCH:8JI>K:
FJ6GI:GH.C8:GI6>CING:<6G9>C<I6G>;;EDA>8N6C9I>B>C<G6>H:H9DLCH>9:G>H@HG:A6I>K:IDI=:EG>DGN:6G-=:DBE6CNG:B6>CH
8DC8:GC:967DJII6G>;;EDA>8>:H	JC8:GI6>CINHJGGDJC9>C<EDA>8N>BEA:B:CI6I>DC	6C9I=:>BE68IDCI=:DBE6CNXHB6G@:IH-D
96I:	 I6G>;; >BE68IH =6K: A6G<:AN 7::C 67HDG7:9 L>I=>C I=: HJEEAN 8=6>C	 7JI E6HH
I=GDJ<= ID I=: 8DCHJB:G G:B6>CH 6 G>H@
DCHJB:G HIG:HHDGH 6G: :K>9:CI 6C9 8DCHJB:G 8DC;>9:C8: >H L:6@:C>C< -=: DBE6CN G:B6>CH 8DC8:GC:9 67DJI HB6AA
7JH>C:HH:HX67>A>INIDB6C6<::ME:CH:H>C6C:CK>GDCB:CID;7GD69>CHI67>A>IN	:A:K6I:9>CI:G:HIG6I:H	6C9=><=:G8DHID;86E>I6A
+:HIG>8I>K: IG69: EDA>8>:H >C8G:6H: I=: EDI:CI>6A ;DG KDA6I>A>IN >C 6HH:I EG>8:H L=>8= 8DAA6I:G6A>O: I=: DBE6CNXH AD6CH -=:
;DG:86HI8DCH>9:GH8:8DCDB>8>BE68IH;GDBI=:H:;68IDGH	6HL:AA6HDI=:G@:N:8DCDB>8;68IDGH	HJ8=6H
8=6C<:H>C8EGD9J8I6C9JC:BEADNB:CI	L=>8=B6N>BE68II=:DBE6CNXH8A>:CIHDG:86HI6HHJBEI>DCH6HD;
N:6G
:C9G:EG:H:CI67GD69:C>C<D;:8DCDB>8G>H@H6H8DBE6G:9IDI=:EG>DGN:6G
:C9XH6C6ANH>H-=:;DG:86HIG:;A:8IHJC8:GI6>C
:8DCDB>8DCH6C968DCI>CJ:9L:><=I>C<IDL6G9H9DLCH>9:G>H@H9JG>C<I=:;DG:86HIE:G>D9DK:GI=:C:MIILD
N:6GHL>I=>C;A6I>DCHADLANBDK>C<768@IDL6G9HI=::9:G6A+:H:GK:I6G<:IG6I:G:HJAI>C<>C6C69K:GH:>BE68IDCI=:AD6C
6C9A:6H:EDGI;DA>D

Q
,+

DGB
$

AI=DJ<= I=: DBE6CNXH 8JGG:CI ADHH :HI>B6I:H 8DCH>9:G <:DEDA>I>86A 6C9 :8DCDB>8 G>H@	 9J: ID I=: A:K:A D; JC8:GI6>CIN
6HHD8>6I:9L>I=I=:H:6C9DI=:GG>H@;68IDGH	I=:8DBEA:M>IND;I=:8JGG:CI:CK>GDCB:CI	6C9I=:EDI:CI>6A;DG;JIJG:8=6C<:H>C
I=:;DG:86HI	I=:DBE6CNXH;JIJG:ADHH:HI>B6I:HB6NK6GN8DCH>9:G67AN;GDBI=::8:B7:G	
6HHJBEI>DCH
%>67>A>IN;DGG:9>I%DHH:HDC.C;JC9:9%D6CDBB>IB:CIH
-=:A>67>A>IN;DG8G:9>IADHH:H>C=:G:CI>CJC;JC9:9AD6C8DBB>IB:CIH>H>C8AJ9:9>C88GJ:9ME:CH:H6C9(I=:G%>67>A>I>:HDC
I=:DCHDA>96I:9,I6I:B:CIHD;>C6C8>6ADC9>I>DC-=:;DAADL>C<I67A:H=DLHI=:8=6C<:H>CI=:A>67>A>IN;DG8G:9>IADHH:HDC
JC;JC9:9AD6C8DBB>IB:CIH;DG:68=D;I=:I=G::N:6GH:C9:9:8:B7:G

!#$ %!&$ $









6A6C8:	7:<>CC>C<D;N:6G

	

	

	
)GDK>H>DCG:8DK:GND;EGDK>H>DC

	



	

	
6A6C8:	:C9D;N:6G

	


	

	
#?D5K!51C5>F5CD=5>DC
H 6 A:HHDG	 I=: DBE6CNXH AD6C 6C9 A:6H: EDGI;DA>D >C8AJ9:H 9>G:8I ;>C6C8: A:6H:H	 L=>8= 6G: >C8AJ9:9 >C DBB:G8>6A 6C9
8JAIJG6A	+:C:L67A:C:G<=I-GJ8@	&:9>JB6C9!:6KNJIN-GJ8@	>G8G6;I	6C9DCHIGJ8I>DCFJ>EB:CI
DCI=:DCHDA>96I:9,I6I:B:CIHD;>C6C8>6ADC9>I>DC-=:DBE6CN6AHD;>C6C8:HK6G>DJHINE:HD;8DCHIGJ8I>DC:FJ>EB:CI	
B:9>JB6C9=:6KN9JINIGJ8@H	6JIDBD7>A:H6C9DI=:G:FJ>EB:CIJC9:GA:6H:H8A6HH>;>:96HDE:G6I>C<A:6H:H	L=>8=6G:>C8AJ9:9
>CFJ>EB:CI(LC:9.C9:G(E:G6I>C<%:6H:H	':I	DCI=:DCHDA>96I:9,I6I:B:CIHD;>C6C8>6ADC9>I>DC
-=:;DAADL>C<I67A:H=DLHI=:8DBEDC:CIHD;I=:>CK:HIB:CI>C9>G:8I;>C6C8:6C9DE:G6I>C<A:6H:H6HD;:8:B7:G

!#$ %!&$ $






>G:8I;>C6C8:A:6H:H
&>C>BJBA:6H:E6NB:CIH

	

	
HI>B6I:9JC9J6AK6AJ:H

T

T
%:HH.C:6GC:9>C8DB:

	 
	

':I>CK:HIB:CI>C9>G:8I;>C6C8:A:6H:H

	

	
(E:G6I>C<A:6H:H
 GDHH>CK:HIB:CI>CDE:G6I>C<A:6H:H

	

	
88JBJA6I:99:EG:8>6I>DC

	 
	
':I>CK:HIB:CI>CDE:G6I>C<A:6H:H

	

	
-=:;DAADL>C<I67A:H=DLH;JIJG:B>C>BJBA:6H:E6NB:CIH9J:;GDB8A>:CIHDC9>G:8I;>C6C8:6C9DE:G6I>C<A:6H:H6I:8:B7:G
	


!#$ %!&$ $
9B53D
9>1>35!51C5C
$@5B1D9>7!51C5C




	

	




	


	



	





	





	

T
-=:G:6;I:G

	

T
-DI6A

	

	

-DB>I><6I:I=:G>H@D;ADHH	I=:DBE6CNH::@HID9>K:GH>;N7DI=I=:INE:D;:FJ>EB:CIA:6H:96C9I=:>C9JHIG>:H>CL=>8=I=:
A:HH::H E6GI>8>E6I: "C 699>I>DC	 6 EDGI>DC D; I=: DBE6CNXH A:6H:H 6G: I:GB>C6A G:CI6A 69?JHIB:CI 8A6JH: DG U-+V A:6H:H
L=:G:I=:A:HH:::;;:8I>K:AN9J6AK6AJ:I=GDJ<=6G:CI6A69?JHIB:CI6II=::C9D;I:GBDGI=DH:L=:G:
E6GI>6AK6AJ:>HI
-+V	L=>8==6H6A>B>I:9G:H>9J6AG>H@.C9:G6HEA>I
-+HIGJ8IJG:	I=:A>B>I:9G:H>9J6A
G>H@LDJA97:H6I>H;>:9;>GHI7NI=:C:IH6A:EGD8::9HD;I=:A:6H:96HH:I-=:A:HH::XH6I
G>H@EDGI>DC	DGIDEG>H@	>HH6I>H;>:9A6HI
6C9>HHJ7?:8IIDG:E6NB:CI6H699>I>DC6AG:CI	>;I=:-+6BDJCI>HCDIH6I>H;>:97NI=:C:IH6A:EGD8::9H-=:86GGN>C<
6BDJCID;G:H>9J6A6HH:IH8DK:G:97NG:H>9J6AK6AJ:AA>DC6C9
B>AA>DC6I:8:B7:G	

6C9:8:B7:G	
	G:HE:8I>K:AN

Q
,+

DGB
$

-=:;DAADL>C<I67A:H=DLH>CI:G:HI>C8DB:G:8DO:9;GDB9>G:8I;>C6C8:A:6H:E6NB:CIH6C9DE:G6I>C<A:6H::FJ>EB:CIG:CI6A
>C8DB:6C9G:A6I:99:EG:8>6I>DC:ME:CH:

!#$ %!&$ $









>G:8I;>C6C8:A:6H:H
"CI:G:HI>C8DB:DCA:6H:G:8:>K67A:

	



	

	
(E:G6I>C<A:6H:H
"C8DB:G:A6I:9IDA:6H:E6NB:CIH

	


	

	
:EG:8>6I>DC:ME:CH:

	

	


	

"C8DB:G:A6I:9IDG:>B7JGH:B:CIH;GDBA:HH::H;DGE:GHDC6AEGDE:GINI6MDCDE:G6I>C<A:6H:9:FJ>EB:CI;DGI=:N:6GH:C9:9
:8:B7:G 	 
	 
 6C9 
 L:G: 
 B>AA>DC	 

 B>AA>DC 6C9 
 B>AA>DC	 G:HE:8I>K:AN ME:CH: G:A6I:9 ID
E:GHDC6AEGDE:GINI6ME6NB:CIHDCDE:G6I>C<A:6H:9:FJ>EB:CI;DGI=:N:6G:C9:9:8:B7:G	
	
6C9
L:G:

B>AA>DC	

B>AA>DC6C9
B>AA>DC	G:HE:8I>K:AN
JG>C<I=:N:6GH:C9:9:8:B7:G	
	
	6C9
	I=:DBE6CNG:8DG9:9>BE6>GB:CI8=6G<:HD;


B>AA>DC	



B>AA>DC	6C9


B>AA>DC	G:HE:8I>K:AN"BE6>GB:CI8=6G<:H6G:G:8DG9:96H6G:HJAID;I=:6CCJ6AG:K>:LD;DE:G6I>C<
A:6H:G:H>9J6AK6AJ:H6C96G:G:8DO:9>C:EG:8>6I>DCT%:6H:9FJ>EB:CIDCI=:DCHDA>96I:9,I6I:B:CIHD;"C8DB:
#?D5K%B5=9C5C1>4AE9@=5>D
-=:;DAADL>C<I67A:H=DLHEG:B>H:H6C9:FJ>EB:CI6HD;:8:B7:G

!#$ %!&$ $






%6C9

	

	
J>A9>CBEGDK:B:CIH

	

	
JGC>IJG:6C9:FJ>EB:CI

	

	
-DI6AEG:B>H:H6C9:FJ>EB:CI

	

	

88JBJA6I:99:EG:8>6I>DC

	 
	

':IEG:B>H:H6C9:FJ>EB:CI

	

	
:EG:8>6I>DCD;EGDE:GI>:H6C9:FJ>EB:CIIDI6A:9
B>AA>DC>C
	B>AA>DC>C
	6C9B>AA>DC>C

#?D5K"?BD7175(5BF939>7'978DC
-=:JCE6>9EG>C8>E6A76A6C8:D;G:H>9:CI>6ABDGI<6<:AD6CHH:GK>8:9;DGI=>G9E6GI>:HL6HB>AA>DC6I:8:B7:G	

	8DBE6G:9IDB>AA>DC6I:8:B7:G	
	6C9

B>AA>DC6I:8:B7:G	

BDGI>O6I>DC :ME:CH: DC &,+H >H :ME:8I:9 ID IDI6A 
 B>AA>DC	 
 B>AA>DC	 
 B>AA>DC	 
 B>AA>DC	 6C9 

B>AA>DC>C
	
	
	
	6C9

	G:HE:8I>K:AN)GD?:8I:96BDGI>O6I>DC:M8AJ9:HI=:>BE68ID;;JIJG:6HH:I699>I>DCH
DG9>HEDH6AH
-=:;DAADL>C<I67A:H=DLH8=6C<:H>CI=:86GGN>C<K6AJ:D;&,+H6C9I=:6HHD8>6I:9K6AJ6I>DC6AADL6C8:

!#$ %!&$ $






&DGI<6<:H:GK>8>C<G><=IH
6A6C8:6I7:<>CC>C<D;N:6G

	

	

99>I>DCH




BDGI>O6I>DC

 

,6A:H

T

T
6GGN>C<K6AJ:7:;DG:K6AJ6I>DC6AADL6C8:6I:C9D;N:6G

	



	
/6AJ6I>DC6AADL6C8:
6A6C8:6I7:<>CC>C<D;N:6G

T

T
"BE6>GB:CIG:8DK:G>:H

T

T
6A6C8:6I:C9D;N:6G

T

T
':I86GGN>C<K6AJ:D;BDGI<6<:H:GK>8>C<G><=IH6I:C9D;N:6G

	



	
6>GK6AJ:D;BDGI<6<:H:GK>8>C<G><=IH6I:C9D;N:6G

	

	


Q
,+

DGB
$

-=:76A6C8:D;&,+H>HAD86I:9>C88GJ:9"C8DB:6C9(I=:GHH:IHDCI=:DCHDA>96I:9,I6I:B:CIHD;>C6C8>6ADC9>I>DC
I :8:B7:G 	 
	 I=: ;6>G K6AJ: D; &,+H :M8::9:9 I=: 86GGN>C< K6AJ: G:EDGI:9 DC I=: DCHDA>96I:9 ,I6I:B:CIH D;
>C6C8>6ADC9>I>DC7N
B>AA>DC-=>H9>;;:G:C8:G:EG:H:CIH>C8G:6H:H>CI=:;6>GK6AJ:D;8:GI6>C&,+HI=6I8DJA9CDI7:
G:8DG9:967DK:8DHI76H>H
JC9H=:A9>CIGJHI6IHI,DJG8:;DGI=:E6NB:CID;EG>C8>E6A	>CI:G:HI	I6M:H6C9>CHJG6C8:EG:B>JBH6EEA>867A:IDBDGI<6<:
AD6CH7:>C<H:GK>8:9;DGDI=:GH	L:G:6EEGDM>B6I:ANB>AA>DC6C9B>AA>DC6I:8:B7:G	
6C9:8:B7:G	

	 G:HE:8I>K:AN &DGI<6<: AD6C 8DCIG68IJ6A H:GK>8>C< ;::H	 >C8AJ9>C< A6I: ;::H 6C9 6C8>AA6GN >C8DB:	 L:G:  B>AA>DC	

B>AA>DC	6C9B>AA>DC;DG
	
	6C9
	G:HE:8I>K:AN&DGI<6<:AD6C8DCIG68IJ6AH:GK>8>C<;::H6G:>C8AJ9:9
>C&DGI<6<:6C@>C<DCI=:DCHDA>96I:9,I6I:B:CIHD;"C8DB:
#?D5K>D1>792<5CC5DC1>4??4G9<<
I:8:B7:G	
	>CI6C<>7A:6HH:IH8DCH>HI:9D;AAD;
B>AA>DC6C9DI=:G>CI6C<>7A:6HH:IHD;


B>AA>DC	
L=>8=L6HC:ID;688JBJA6I:96BDGI>O6I>DCD;

B>AA>DCI:8:B7:G	
	>CI6C<>7A:6HH:IH8DCH>HI:9D;AAD;

 B>AA>DC 6C9 DI=:G >CI6C<>7A: 6HH:IH D; 


 B>AA>DC	 L=>8= L6H C:I D; 688JBJA6I:9 6BDGI>O6I>DC D; 
 B>AA>DC
"CI6C<>7A:6HH:I6BDGI>O6I>DCL6H
B>AA>DC	

B>AA>DC	6C9
B>AA>DC;DG
	
	6C9
	G:HE:8I>K:AN-=:G:
>HCD:ME:8I:9;JIJG:6BDGI>O6I>DC:ME:CH:G:A6I:9IDDI=:G>CI6C<>7A:6HH:IH6HD;:8:B7:G	
	6HHJ8=6HH:IH6G:;JAAN
6BDGI>O:9
-=:;DAADL>C<I67A:H=DLH6HJBB6GND;DI=:G>CI6C<>7A:6HH:IH6HD;:8:B7:G

!#$ %!&$ $






(I=:G>CI6C<>7A:H
 GDHH86GGN>C<6BDJCI





%:HH688JBJA6I:96BDGI>O6I>DC


 

':I86GGN>C<6BDJCI

T


#?D5K5@?C9DC
-=:6<;>86I:HD;9:EDH>ID;
	


DGBDG:6C9DI=:GI>B:9:EDH>IHD;
	


DGBDG:DJIHI6C9>C<6I
:8:B7:G	
6C9
L6H
B>AA>DC6C9B>AA>DC	G:HE:8I>K:AN
-=:;DAADL>C<I67A:H=DLHI=:6BDJCID;8:GI>;>86I:HD;9:EDH>ID;
	


DGBDG:6C9DI=:GI>B:9:EDH>IHD;
	


DG
BDG:DJIHI6C9>C<6I:8:B7:G	
	7NI>B:G:B6>C>C<JCI>AB6IJG>IN

!#$ %!&$ $
.C9:GBDCI=H


	
SBDCI=H

	
SBDCI=H

	

(K:GBDCI=H

	

-DI6A

	

-=:;DAADL>C<I67A:H=DLHH8=:9JA:9B6IJG>I>:HD;I>B:9:EDH>IH	>C8AJ9>C<7DI=EG>K6I:6C9EJ7A>8;JC9H	6I:8:B7:G	



!#$ %!&$ $



		



	



	



	




	

-=:G:6;I:G


-DI6A

		



Q
,+

DGB
$

#?D5K ?BB?G54E>4C1>4"1>41D?B9C<I67A:H=DLHI=:9:I6>AHD;ADC<
I:GB9:7I6C9B6C96IDG>ANG:9::B67A:H:8JG>I>:H6HD;:8:B7:G

!#$ %!&$ $






:9:G6A!DB:%D6C6C@7DGGDL>CANG:9::B67A:H:8JG>I>:H

	

	

(I=:GADC<
I:GB9:7I

	

	

-DI6AADC<
I:GB9:7I6C9B6C96IDG>ANG:9::B67A:H:8JG>I>:H

	


	
CCJ6AB6IJG>I>:HD;ADC<
I:GB9:7IDJIHI6C9>C<6I:8:B7:G	
	;DGI=:C:MI;>K:N:6GH6C9I=:G:6;I:G7:<>CC>C<>C
	
6G:6H;DAADLH
B>AA>DCB>AA>DC
B>AA>DC
B>AA>DC
B>AA>DC6C9B>AA>DC
I:8:B7:G	
	I=::9:G6A!DB:%D6C6C@7DGGDL>CC<;DG8DBBJC>IN:8DCDB>8
9:K:ADEB:CI68I>K>I>:H	68JAIJG6AAD6CH6C9<:C:G6A;JC9>C<;DGI=:76C@6C98DCH>HI:9D;DC:;>M:9G6I:CDI:B6IJG>C<>C

-=>HCDI:L6H8DAA6I:G6A>O:97N
B>AA>DCD;8:GI6>CG:6A:HI6I:AD6CH
&6C96IDG>AN G:9::B67A: H:8JG>I>:H 6H D; :8:B7:G 	 
 6C9 
	 D;  B>AA>DC 6C9 
 B>AA>DC	 G:HE:8I>K:AN
G:;A:8I:9I=:U7DD@K6AJ:VH=6G:HJC9:GI=:HI,DJG8:M:8JI>K:"C8:CI>K:)A6C,::'DI:
,ID8@6H:9DBE:CH6I>DC
,ID8@ L6G9 )A6CH ;DG 699>I>DC6A >C;DGB6I>DC >K>9:C9H E6>9 DC I=:H: H=6G:H 6C9 8=6C<:H >C 7DD@ K6AJ: E:G H=6G: 6G:
G:8DG9:96H(I=:G>CI:G:HI:ME:CH:DCI=:DCHDA>96I:9,I6I:B:CIHD;"C8DB:-DI6A>CI:G:HI:ME:CH:G:8DG9:9;DG
	
	
6C9
L6HB>AA>DC	B>AA>DC	6C9
B>AA>DC	G:HE:8I>K:AN
-=:;DAADL>C<I67A:H=DLHI=:9:I6>AHD;H=DGI
I:GB7DGGDL>CD
,5978D54F5B175
'1D5
=?E>D
,5978D54F5B175
'1D5
:9:G6A;JC9HEJG8=6H:9


	





T
T
,:8JG>I>:HHDA9JC9:G6CCD5B5CD>D9D95C
K6G>67A:>CI:G:HI:CI>IN/">H6E6GIC:GH=>E	A>B>I:9A>67>A>IN8DBE6CN	IGJHIDGDI=:GA:<6A:CI>INI=6IB::IH6CNDC:D;I=:
;DAADL>C<8G>I:G>6
Q
-=::CI>IN9D:HCDI=6K:HJ;;>8>:CI:FJ>INID8DC9J8I>IH68I>K>I>:HL>I=DJI699>I>DC6AHJ7DG9>C6I:9;>C6C8>6AHJEEDGI
;GDB6CDI=:GE6GIN
Q
-=: :CI>INXH >CK:HIDGH A68@ I=: EDL:G ID 9>G:8I I=: 68I>K>I>:H I=6I BDHI H>;>86CIAN 6;;:8I I=: :CI>INXH :8DCDB>8
E:G;DGB6C8:
Q
-=::CI>INXH6I
G>H@=DA9:GH9DCDI=6K:I=:D7A><6I>DCID67HDG7I=:ADHH:HDGI=:G><=IIDG:8:>K:G:H>9J6AG:IJGCH
Q
-=:KDI>C<G><=IHD;HDB:>CK:HIDGH6G:CDIEGDEDGI>DC6AIDI=:>G:8DCDB>8>CI:G:HIH>CI=::CI>IN	6C9HJ7HI6CI>6AAN6AA
D;I=::CI>INXH68I>K>I>:H>CKDAK:	DG6G:8DC9J8I:9DC7:=6A;D;	>CK:HIDGHL>I=9>HEGDEDGI>DC6I:AN;:LKDI>C<G><=IH
-=:DBE6CN>H>CKDAK:9>CK6G>DJH:CI>I>:HI=6I6G:8DCH>9:G:9ID7:/"H-=:DBE6CNXH>CK:HIB:CIH>C/"H6G:EG>B6G>AN
G:A6I:9ID>CK:HIB:CIHEGDBDI>C<6;;DG967A:=DJH>C<	8DBBJC>IN9:K:ADEB:CI6C9G:C:L67A::C:GCK:HIB:CIH HJEEDGI I=: DBE6CNXH G:6C8: L>I= I=: DBBJC>IN +:>CK:HIB:CI 8I -=:
DBE6CNXH>CK:HIB:CIH>CI=:H::CI>I>:H<:C:G6I:6G:IJGCEG>B6G>ANI=GDJ<=I=:G:6A>O6I>DCD;;:9:G6A6C9HI6I:>C8DB:I6M
8G:9>IH6C9DI=:GI6M7:C:;>IH	HJ8=6HI6M9:9J8I>DCH;GDBDE:G6I>C<ADHH:HD;I=:>CK:HIB:CIH	DK:GHE:8>;>:9I>B:E:G>D9H
-=:H:I6M8G:9>IH6G:G:8DO:96H6G:9J8I>DCD;I6M:ME:CH:DG	;DG>CK:HIB:CIHFJ6A>;N>C<6H>CK:HIB:CII6M8G:9>IH	6H6
G:9J8I>DCIDI=:G:A6I:9>CK:HIB:CI6HH:I-=:DBE6CNG:8DO:9;:9:G6A6C9HI6I:>C8DB:I6M8G:9>IHG:A6I:9ID>IH6;;DG967A:
=DJH>C<6C98DBBJC>IN9:K:ADEB:CII6M
69K6CI6<:9>CK:HIB:CIH>CI6M:ME:CH:D;B>AA>DC	B>AA>DC6C9
B>AA>DC;DGI=:N:6GH:C9:9:8:B7:G	
	
6C9
	G:HE:8I>K:AN-=:DBE6CN6AHDG:8DO:9
B>AA>DC	
 B>AA>DC 6C9  B>AA>DC D; >CK:HIB:CI I6M 8G:9>IH ;DG I=: N:6GH :C9:9 :8:B7:G 	 
	 
 6C9 
	
G:HE:8I>K:AN

Q
,+

DGB
$

-=:DBE6CN>HCDIG:FJ>G:9ID8DCHDA>96I:/"H>CL=>8=>I=6H8DC8AJ9:9>I9D:HCDI=6K:68DCIGDAA>C<;>C6C8>6A>CI:G:HI	6C9
I=JH >H CDI I=: EG>B6GN 7:C:;>8>6GN "C HJ8= 86H:H	 I=: DBE6CN 9D:H CDI =6K: 7DI= I=: EDL:G ID 9>G:8I I=: :CI>I>:HX BDHI
H>;>86CI68I>K>I>:H6C9I=:D7A><6I>DCID67HDG7ADHH:HDGI=:G><=IIDG:8:>K:7:C:;>IHI=6I8DJA9EDI:CI>6AAN7:H>;>86CIIDI=:
/"HH6A>B>I:9E6GIC:G>CI=:H:DE:G6I>C<E6GIC:GH=>EH	I=:DBE6CN>H6AAD86I:98G:9>IH6C99:9J8I>DCH6HHD8>6I:9L>I=I=:
JC9:GAN>C<EGDE:GI>:H-=:DBE6CN=6H9:I:GB>C:9I=6I>I>HCDII=:EG>B6GN7:C:;>8>6GND;I=:H:>CK:HIB:CIH7:86JH:I=:
<:C:G6A E6GIC:GH =6K: I=: EDL:G ID 9>G:8I 68I>K>I>:H I=6I BDHI H>;>86CIAN >C;AJ:C8: I=: :8DCDB>8 E:G;DGB6C8: D; I=:>G
G:HE:8I>K:E6GIC:GH=>EH
-=: DBE6CNXH >CK:HIB:CIH >C I=:H: JC8DCHDA>96I:9 /"H 6G: 86GG>:9 >C (I=:G HH:IH DC I=: DCHDA>96I:9 ,I6I:B:CIH D;
>C6C8>6A DC9>I>DC -=: DBE6CNXH JC;JC9:9 86E>I6A 6C9 DI=:G 8DBB>IB:CIH G:A6I:9 ID I=:H: JC8DCHDA>96I:9 /"H 6G:
<:C:G6AAN 86GG>:9 >C (I=:G %>67>A>I>:H DC I=: DCHDA>96I:9 ,I6I:B:CIH D; >C6C8>6A DC9>I>DC -=: DBE6CNXH B6M>BJB
:MEDHJG:IDADHH;GDBI=:H:JC8DCHDA>96I:9/"H>C8AJ9:HI=:>CK:HIB:CIG:8DG9:9DCI=:DCHDA>96I:9,I6I:B:CIHD;>C6C8>6A
DC9>I>DC	C:ID;JC;JC9:986E>I6A8DBB>IB:CIH	6C9EG:K>DJHANG:8DG9:9I6M8G:9>IHL=>8=G:B6>CHJ7?:8IIDG:86EIJG:7N
I6M>C<6JI=DG>I>:H76H:9DC8DBEA>6C8:;:6IJG:HG:FJ>G:9ID7:B:I6II=:EGD?:8IA:K:A0=>A:I=:DBE6CN7:A>:K:HEDI:CI>6A
ADHH:H ;GDB I=:H: >CK:HIB:CIH 6G: G:BDI:	 I=: B6M>BJB :MEDHJG: L6H 9:I:GB>C:9 7N 6HHJB>C< 6 H8:C6G>D L=:G: I=:
8DBBJC>IN
76H:97JH>C:HHEGD?:8IH	=DJH>C<EGD?:8IH	6C9G:C:L67A::C:GA6C99DCDIB::I8:GI6>C
I6M>C<6JI=DG>IN8DBEA>6C8:G:FJ>G:B:CIH	G:HJAI>C<>CG:86EIJG:D;I=:G:A6I:9I6M8G:9>IH
-=:;DAADL>C<I67A:EGDK>9:H6HJBB6GND;>CK:HIB:CIH>C6;;DG967A:=DJH>C<	8DBBJC>IN9:K:ADEB:CI6C9G:C:L67A::C:G96I:96HD;:8:B7:G	
6C9


!#$ %!&$ $






"CK:HIB:CI86GGN>C<6BDJCI

	
 
	

.C;JC9:986E>I6A6C9DI=:G8DBB>IB:CIH

	 
	

&6M>BJB:MEDHJG:IDADHH

	 
	
-=:DBE6CN>HG:FJ>G:9ID8DCHDA>96I:/"H>CL=>8=>I=6H8DC8AJ9:9>I=6HH>;>86CI>CKDAK:B:CI6C9I=:67>A>INID9>G:8I
I=:68I>K>I>:HI=6I>BE68II=::CI>INXH:8DCDB>8E:G;DGB6C8:-=:DBE6CN>HI=:B6C6<>C<<:C:G6AE6GIC:GD;:CI>I>:H>CL=>8=
>IH=6G:H>CI:G:HI>CI6M
69K6CI6<:9>CK:HIB:CIHL>I=6I=>G9E6GINI:8:B7:G	
6C9
	6EEGDM>B6I:AN
B>AA>DC6C9
B>AA>DC	G:HE:8I>K:AN	D;I=:DBE6CNXH6HH:IH6C9


B>AA>DC6C9


B>AA>DC	G:HE:8I>K:AN	D;>IH
A>67>A>I>:H >C8AJ9:9 DC I=: DCHDA>96I:9 ,I6I:B:CIH D; >C6C8>6A DC9>I>DC L:G: G:A6I:9 ID I6M
69K6CI6<:9 >CK:HIB:CI /"H
L=>8= I=: DBE6CN =6H 8DCHDA>96I:9 -=: 6HH:IH D; I=: 8DCHDA>96I:9 /"H 6G: G:EDGI:9 >C (I=:G HH:IH	 I=: A>67>A>I>:H 6G:
G:EDGI:9>C(I=:G%>67>A>I>:H	6C9I=:CDC
8DCIGDAA>C<>CI:G:HI>HG:EDGI:9>CFJ>INDCI=:DCHDA>96I:9,I6I:B:CIHD;>C6C8>6A
DC9>I>DC-=:6HH:IHD;6E6GI>8JA6G/"6G:I=:EG>B6GNHDJG8:D;;JC9HIDH:IIA:>IHD7A><6I>DCH-=:8G:9>IDGHD;I=:/"9D
CDI=6K:G:8DJGH:IDI=:<:C:G6A8G:9>ID;I=:DBE6CN-=:DBE6CNXH:MEDHJG:IDI=:8DCHDA>96I:9/">H<:C:G6AANA>B>I:9
IDI=:86GGN>C<K6AJ:D;>IHK6G>67A:>CI:G:HIEAJH6CNG:A6I:9I6M8G:9>IHEG:K>DJHANG:8DO:9
99>I>DC6AAN	I=:DBE6CNHEDCHDGHDC:IGJHI	HI,DJG8:&6HI:G-GJHI6E>I6A-GJHI	D;L=>8=

D;I=:8DBBDC:FJ>IN>H
DLC:97NI=:DBE6CN-=:6E>I6A-GJHIL6H;DGB:9>C

;DGI=:EJGEDH:D;>HHJ>C<8DGEDG6I>DC
D7A><6I:9B6C96IDG>AN
G:9::B67A:86E>I6AH:8JG>I>:HI=:86E>I6AH:8JG>I>:HIDI=>G9
E6GIN>CK:HIDGH6C9>CK:HI>C<I=:EGD8::9H;GDBI=:H6A:D;I=:
86E>I6AH:8JG>I>:HHDA:AN>C?JC>DGHJ7DG9>C6I:99:7:CIJG:H:8JG>I>:HD;I=:DBE6CNI=:HJ7DG9>C6I:9CDI:H-=:HJ7DG9>C6I:9
CDI:H=:A97NI=:6E>I6A-GJHI6G:I=:HDA:6HH:IHD;I=:6E>I6A-GJHI-=:6E>I6A-GJHIFJ6A>;>:H6H6K6G>67A:>CI:G:HI:CI>IN
;DGL=>8=I=:DBE6CN>HCDII=:EG>B6GN7:C:;>8>6GN6C9>HI=:G:;DG:G:EDGI:9>CI=:;>C6C8>6AHI6I:B:CIH6H6CJC8DCHDA>96I:9
HJ7H>9>6GN-=:?JC>DGHJ7DG9>C6I:99:7:CIJG:H6G:G:;A:8I:96HHJ7DG9>C6I:9CDI:HDCI=:DCHDA>96I:9,I6I:B:CIHD;>C6C8>6A
DC9>I>DCL>I=I=:8DGG:HEDC9>C<>CI:G:HI9>HIG>7JI>DCHG:;A:8I:96H"CI:G:HIME:CH:DCI=:DCHDA>96I:9,I6I:B:CIHD;"C8DB:
-=: 8DBBDC H=6G:H >HHJ:9 7N I=: 6E>I6A -GJHI 6G: >C8AJ9:9 >C (I=:G HH:IH DC I=: DCHDA>96I:9 ,I6I:B:CIH D; >C6C8>6A
DC9>I>DC
>HIG>7JI>DCHDCI=:86E>I6AH:8JG>I>:H>HHJ:97NI=:6E>I6A-GJHI6G:E6N67A:FJ6GI:GAN6I6G6I:E:G6CCJB:FJ6AIDI=:>CI:G:HI
G6I:7:>C<:6GC:97NI=:6E>I6A-GJHIDCI=:HJ7DG9>C6I:9CDI:H=:A97NI=:6E>I6A-GJHI-=:86E>I6AH:8JG>I>:H6G:HJ7?:8IID
B6C96IDGN G:9:BEI>DC	 >C L=DA: DG >C E6GI	 JEDC G:E6NB:CI D; I=: HJ7DG9>C6I:9 CDI:H -=: DBE6CN =6H :CI:G:9 >CID
68=	I6@:C8DAA:8I>K:AN	;JAAN6C9JC8DC9>I>DC6AANI6AH:8JG>I>:HHJ7?:8IIDI=:I:GBHD;:68=D;
I=:I6AH:8JG>I>:H=:A97NI=:6E>I6A-GJHIFJ6A>;N6H->:G86E>I6AJC9:G:9:G6A+:H:GK:D6G99:A>C:H

Q
,+

DGB
$

-=:;DAADL>C<I67A:H=DLHHJ7DG9>C6I:9CDI:H6I:8:B7:G	


!#$ %!&$ $
=?E>D?6
(E2?B49>1D54
#?D5C
>D5B5CD'1D5
"1DEB9DI1D5
#JC:

>HHJ6C8:

	



JHHJ6C8:

	



-DI6A

	
>M:9G6I:I=GDJ<=A>;:D;9:7I

&DCI=-:GB,(+I=:
&DCI=I:CDGHEG:6969?JHIB:CII=GDJ<=G:B6>C>C<A>;:D;9:7I
#?D5K1B>9>7C%5B(81B5
6GC>CH 8DBEJI:9 JH>C< I=: ILD
8A6HH B:I=D9 6H>8 :6GC>CH 8DBEJI:9 7N
9>K>9>C<C:I>C8DB:6K6>A67A:ID8DBBDCH=6G:=DA9:GH7NI=:L:><=I:9
6K:G6<:CJB7:GD;8DBBDCH=6G:HDJIHI6C9>C<9JG>C<
I=:6EEA>867A:E:G>D9	:M8AJ9>C<DJIHI6C9>C<E6GI>8>E6I>C<H:8JG>I>:H)6GI>8>E6I>C<H:8JG>I>:H>C8AJ9:CDC
K:HI:9G:HIG>8I:9HID8@
6L6G9H'DC
K:HI:9G:HIG>8I:9HID8@6L6G9H6G:8DCH>9:G:9E6GI>8>E6I>C<H:8JG>I>:HIDI=::MI:CII=:=DA9:GHD;I=:H:H:8JG>I>:H
G:8:>K:CDC
;DG;:>I67A:9>K>9:C9H6II=:H6B:G6I:6H=DA9:GHD;8DBBDCHID8@>AJI:9:6GC>CH8DBEJI:9
JH>C<I=:L:><=I:9
6K:G6<:CJB7:GD;H=6G:H9:I:GB>C:9;DGI=:76H>8:6GC>CDCEAJHI=:9>AJI>K:
:;;:8ID;HID8@8DBE:CH6I>DCJH>C<I=:IG:6HJGNHID8@B:I=D9
,ID8@DEI>DCH	L=:G:I=::M:G8>H:EG>8:L6H8:D;I=:8DBBDCH=6G:H	L:G::M8AJ9:9;GDB
I=:8DBEJI6I>DCD;9>AJI:9:6GC>C9>AJI>K:'DHID8@DEI>DCHL:G:
8DCH>9:G:96CI>9>AJI>K:6HD;:8:B7:G	
	
6C9

-=:;DAADL>C<I67A:EG:H:CIH6G:8DC8>A>6I>DCD;I=:CJB7:GD;H=6G:HJH:9>CI=:86A8JA6I>DCD;76H>86C99>AJI:9:6GC>CC<:8:B7:G

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









>HIG>7JI:9:6GC>CHIG>7JI:9:6GC>CCC8>E6I>C<H:8JG>I>:H

	

	

	
':I>C8DB:6AAD86I:9ID8DBBDCHID8@6C9E6GI>8>E6I>C<H:8JG>I>:H

	

	

	
0:><=I:96K:G6<:H=6G:HDJIHI6C9>C<;DG76H>8:6GC>CAJI>K::;;:8ID;HID8@8DBE:CH6I>DC

T

T

T
0:><=I:96K:G6<:H=6G:HDJIHI6C9>C<;DG9>AJI:9:6GC>C8:6GC>CAJI:9:6GC>CC9F5!?CC
-=: ;DAADL>C< I67A: EG:H:CIH G:8A6HH>;>86I>DCH DJI D; 688JBJA6I:9 DI=:G 8DBEG:=:CH>K: ADHH G:A6I:9 ID JCG:6A>O:9 ADHH:H DC
6K6>A67A:
;DG
H6A:H:8JG>I>:H;DGI=:ILDN:6GH:C9>C<:8:B7:G

!#$ %!&$ $









6653D54!9>5D5=9>D85
?>C?<941D54(D1D5=5>DC?6>3?=5
+:6A>O:9ADHH:H>C8AJ9:9>CC:I>C8DB:

	 
	 
	 %DHH:HDC>CK:HIB:CIH:8JG>I>:H6K6>A67A:
;DG
H6A:

	 
	 
	 "C8DB:7:;DG:>C8DB:I6M:H
-6M:;;:8I

	




"C8DB:I6M:ME:CH:
':ID;I6M

	 
	
 
	 ':I>C8DB:
#?D5K=@569D%<1>C
-=:HI,DJG8:DGEDG6I>DCBEADN::,ID8@(LC:GH=>E6C9)GD;>I,=6G>C<)A6C6H6B:C9:9	I=:U)A6CV>C8AJ9:H6C:BEADN::
HID8@DLC:GH=>E8DBEDC:CI	L=>8=>H9:H>CK:HI>C6C9=DA9HI,DJG8:8DBBDCHID8@	6C96
@EA6C8DBEDC:CI	
L=>8==DA9H6AA)A6C6HH:IHCDI>CK:HI:9>CHI,DJG8:8DBBDCHID8@-=:)A6C:C8DJG6<:H9>K:GH>;>86I>DCD;>CK:HIB:CIHL>I=
DEEDGIJC>I>:HID8=6C<:>CK:HIB:CI:A:8I>DCH6C98DCIG>7JI>DCA:K:AH

Q
,+

DGB
$

BEADN::H 6G: :A><>7A: ID E6GI>8>E6I: >C I=: )A6C I=: ;>GHI D; I=: BDCI= ;DAADL>C< 
 96NH D; :BEADNB:CI -=: DBE6CN
B6I8=:H9DAA6G;DG9DAA6GDCI=:;>GHID;9:;:GG:98DBE:CH6I>DC	EAJH
8:CIHDCI=:9DAA6GD;I=:C:MI9:;:GG6AH-=:
DBE6CNL>AA6AHD8DCIG>7JI:IDI=:)A6C6C6BDJCI9:H>M:9:BEADN:G8DCIG>7JI>DC-=:6BDJCID;;>M:9
8DCIG>7JI>DC>H:FJ6AIDILDE:G8:CID;I=:E6GI>8>E6CIXH:A><>7A:8DBE:CH6I>DC99>I>DC6AAN	:68=N:6GI=:DBE6CNB6N	>C>IH
HDA:9>H8G:I>DC	B6@:69>H8G:I>DC6GNEGD;>IH=6G>C<8DCIG>7JI>DCHD;:8:B7:G	
6C9
	I=:G:L:G:	6C9
	H=6G:H	G:HE:8I>K:AN	D;HI,DJG8:DGEDG6I>DC8DBBDCHID8@=:A9>CG:A6I>DCID:BEADN::7:C:;>IEA6CH
-=:DBE6CN8DCIG>7JI>DCH6G:6AAD86I:96BDC<I=:E6GI>8>E6CIHDCI=:76H>HD;8DBE:CH6I>DC68=E6GI>8>E6CIXH688DJCI>H
8G:9>I:9L>I=86H=6C9DGH=6G:HD;HI,DJG8:8DBBDCHID8@76H:9DCI=6IE6GI>8>E6CIXH8DBE:CH6I>DC:6GC:99JG>C<I=:N:6G
;I:G8DBEA:I>C<N:6GHD;H:GK>8:>CL=>8=I=:NLDG@:96IA:6HI	


=DJGHE:GN:6G	6E6GI>8>E6CIL>AA7:8DBEA:I:ANK:HI:9
>CI=:DBE6CNXH8DCIG>7JI>DCC:BEADN::>H6AL6NH

K:HI:9>CI=:>G9:;:GG6A)A6CE6GI>8>E6CIH6G::CI>IA:9IDG:8:>K:
9>HIG>7JI>DCH;GDBI=:>G)A6C688DJCIH>C
H:GK>8:6C9JEDCI:GB>C6I>DCD;H:GK>8:	G:I>G:B:CI	DG9:6I=
DCIG>7JI>DC:ME:CH:;DGI=:N:6GH:C9:9:8:B7:G	
	
	6C9
	6BDJCI:9IDB>AA>DC	B>AA>DC	6C9
B>AA>DC	G:HE:8I>K:ANJG>C<I=:N:6GH:C9:9:8:B7:G	
	
	6C9
	I=:DBE6CNJI>A>O:9

B>AA>DC	

B>AA>DC	6C9


B>AA>DCD;688JBJA6I:9)A6C;DG;:>IJG:HIDD;;H:I:BEADN:G8DCIG>7JI>DC:ME:CH:
#?D5K(D?3;1C54?=@5>C1D9?>
HD;:8:B7:G	
	I=:DBE6CN=69;DJG68I>K:HID8@
76H:9:BEADN::8DBE:CH6I>DCEA6CH-=:H:EA6CH>C8AJ9:I=G::
:M:8JI>K: HID8@ 6L6G9 EA6CH	 I=: M:8JI>K: "C8:CI>K: )A6C ")	 I=: +:HIG>8I:9 ,ID8@ L6G9 )A6C +,)	 I=: ,IG6I:<>8
:EADNB:CI"C8:CI>K:)A6C,)6C9I=:BEADN::,ID8@)JG8=6H:)A6C,))-=:
,ID8@(EI>DC)A6CL6H6EEGDK:9
7NI=:H=6G:=DA9:GHDCEG>A	
7JII=:DBE6CN=69CDIB69:6CNDCEA6CHL:G::HI67A>H=:9ID=:AEG:I6>C6C9BDI>K6I:@:N:BEADN::HAAD;I=:EA6CH=6K:7::C
6EEGDK:97NI=:H=6G:=DA9:GHD;HI,DJG8:DGEDG6I>DC-=:M:8JI>K:DBE:CH6I>DC6C9!JB6C+:HDJG8:HDBB>II::I=:
UDBB>II::VD;I=:HI,DJG8:DGEDG6I>DCD6G9D;>G:8IDGH=6HHDA:6JI=DG>INIDH:A:8II=::BEADN::H	:HI67A>H=I=:6L6G9H
ID7:>HHJ:9	6C96EEGDK:I=:I:GBH6C98DC9>I>DCHD;:68=6L6G9JC9:GI=:HID8@
76H:98DBE:CH6I>DCEA6CH
,ID8@
76H:98DBE:CH6I>DCID:BEADN::H>HG:8DO:96H8DBE:CH6I>DC8DHIDCI=:DCHDA>96I:9,I6I:B:CIHD;"C8DB:76H:9
DCI=:>G;6>GK6AJ:HDCI=:B:6HJG:B:CI96I:	L=>8=	;DGHI,DJG8:	>HI=:96I:D;DC:ME:CH:>H
G:8DO:9G6I67ANDK:GI=:G:FJ>H>I:H:GK>8:E:G>D9;DG6AA6L6G9H-=:IDI6A;6>GK6AJ:D;H=6G:6L6G9HK:HI:9L6HB>AA>DC
9JG>C<
	B>AA>DC>C
	6C9B>AA>DC>C

-=:;DAADL>C<I67A:H=DLHI=:8DB7>C:9HJBB6GND;68I>K>ING:<6G9>C<68I>K:HID8@DEI>DC6C9HID8@6L6G9EA6CH
#?>+5CD54(D?3;G1B4C$EDCD1>49>7
(81B5CF19<12<5
6?BB1>D
#E=25B?6(81B5C
,5978D54F5B175
B1>D1D5
19B+1O:9

")

	

T

T
 G6CI:9

	 
	


,ID8@6L6G9HK:HI:9

T

	 

DG;:>I:9

	

	 

6A6C8:	:8:B7:G	


	

	


,=6G:H6JI=DG>O:9

")

	

T

T
 G6CI:9

	

 
	




,ID8@6L6G9HK:HI:9

T


	
 

DG;:>I:9

	


	
 

6A6C8:	:8:B7:G	


	



	



,=6G:H6JI=DG>O:9

")

	


T

T
 G6CI:9

	 
	


,ID8@6L6G9HK:HI:9

T

	
 

DG;:>I:9




	
 


6A6C8:	:8:B7:G	


	

	


(D?3;$@D9?>%<1>CT"C8:CI>K:HID8@DEI>DCEA6CH>C8AJ9:I=:
,ID8@(EI>DC)A6CI=:U
)A6CV

Q
,+

DGB
$

68=6L6G9;GDBI=:EA6C>H:K>9:C8:97N6C6L6G96;>:HI=:DEI>DCEG>8:	I=:9JG6I>DCD;I=:DEI>DC	I=:
CJB7:GD;H=6G:HIDL=>8=I=:DEI>DCE:GI6>CH	6C9HJ8=DI=:GEGDK>H>DCH6HI=:DBB>II::9:I:GB>C:H-=:DEI>DCEG>8:>H
:FJ6AIDI=:;6>GB6G@:IK6AJ:D;6H=6G:D;HI,DJG8:DGEDG6I>DCXH8DBBDCHID8@DCI=:96I:D;DCHG:
6IHJ8=I>B:6HI=:DBB>II::9:I:GB>C:H6II=:96I:D;CCD:K:CI9D:HI=::M:G8>H:E:G>D9:M8::96B6M>BJBD;I:C
N:6GH .EDC B:G<:G	 8DCHDA>96I>DC	 DG DI=:G 8DGEDG6I: 8DCHDA>96I>DC >C L=>8= HI ,DJG8: DGEDG6I>DC >H CDI I=: HJGK>K>C<
8DGEDG6I>DC	6H9:;>C:9>CI=:EA6CH	6AADJIHI6C9>C<DEI>DCH>BB:9>6I:ANK:HI
-=:G:L:G:O:GDHID8@DEI>DCH:M:G8>H:99JG>C<
	
DG
AAH=6G:H>HHJ:9>C8DCC:8I>DCL>I=HID8@DEI>DC:M:G8>H:H
6C9CDC
K:HI:9HID8@6L6G9H6G:>HHJ:9;GDB6K6>A67A:IG:6HJGNHID8@
'DHID8@
76H:98DBE:CH6I>DC:ME:CH:G:A6I:9IDHID8@DEI>DCHL6HG:8DO:9>C
	
DG

-=:;6>GK6AJ:D;:68=DEI>DCDCI=:96I:D;H:HI>B6I:9JH>C<I=:A68@
,8=DA:HDEI>DCEG>8>C<BD9:AME:8I:9KDA6I>A>IN
>H76H:9DCI=:=>HIDG>86AKDA6I>A>IN:HI>B6I:9DK:G6E:G>D9:FJ6AIDI=::ME:8I:9A>;:D;I=:DEI>DCH"C:HI>B6I>C<I=:;6>GK6AJ:
D;HID8@DEI>DCHJC9:GI=:A68@
,8=DA:HK6AJ6I>DCBD9:A	H:E6G6I:B>A6G=>HIDG>86A:M:G8>H:
7:=6K>DG6G:8DCH>9:G:9H:E6G6I:AN-=::ME:8I:9A>;:D;I=:DEI>DCHH9:G>K:976H:9DCE6HI:ME:G>:C8:6C9G:EG:H:CIH
I=:E:G>D9D;I>B:I=6IDEI>DCHC<
(D?3;G1B4%<1>CT"C8:CI>K:HID8@6L6G9EA6CH>C8AJ9:I=:")	I=:,)6C9I=:+,)-=:")>H69B>C>HI:G:97NI=:
DBB>II::L6G9HJC9:GI=:")6C9,)>C8AJ9:U7DD@K6AJ:VH=6G:H6C9UB6G@:IK6AJ:VH=6G:HD;8DBBDCHID8@-=:H:
H=6G:H6G:6L6G9:96CCJ6AAN76H:9DCL:><=I:9E:G;DGB6C8:8G>I:G>66C9<:C:G6AANK:HIDK:G6E:G>D9D;;>K:N:6GH-=:")
7DD@K6AJ:H=6G:HB6NDCAN7:HDA9IDHI,DJG8:6C9HJ8=H6A:>HB6C96IDGN>CI=::K:CID;9:6I=	G:I>G:B:CI	9>H67>A>IN	DG
I:GB>C6I>DC D; :BEADNB:CI -=: +,) >H 9:H>:;M:8JI>K:(;;>8:G6C96EEGDK:97NI=:DBB>II::,=6G:HD9D;JEIDI:CN:6GH6C9K:HI>C<>H76H:9JEDCB::I>C<8:GI6>CK6G>DJH8G>I:G>6	>C8AJ9>C<8DCI>CJ:9:BEADNB:CIL>I=HI
,DJG8:
,ID8@
76H:98DBE:CH6I>DC:ME:CH:G:A6I>C<IDI=:")	,)6C9+,)IDI6A:9
B>AA>DC>C
	B>AA>DC>C
	
6C9B>AA>DC>C
-=:IDI6A>C8DB:I6M7:C:;>IG:8DO:9>CI=:688DBE6CN>C<DCHDA>96I:9,I6I:B:CIHD;"C8DB:
G:A6I:9 ID HID8@
76H:9 8DBE:CH6I>DC L6H 
 B>AA>DC >C 
	  B>AA>DC >C 
	 6C9  B>AA>DC >C 

.CG:8DO:9HID8@
76H:98DBE:CH6I>DC:ME:CH:G:A6I:9IDCDC
K:HI:9HID8@6L6G9H"),)+,)L6HB>AA>DC6I
:8:B7:G 	 
 I HJ8= 96I:	 I=: L:><=I:9
6K:G6<: E:G>D9 DK:G L=>8= I=>H JCG:8DO:9 :ME:CH: L6H :ME:8I:9 ID 7:
G:8DO:9L6H
N:6GH
-=:;6>GK6AJ:D;CDC
K:HI:9HID8@6L6G9H;DGI=:EJGEDH:HD;G:8DO>C<HID8@
76H:98DBE:CH6I>DC:ME:CH:>HB6G@:IEG>8:D;
I=:HID8@DCI=:B:6HJG:B:CI96I:	L=>8=	;DGI=:DBE6CNXHEJGEDH:H>HI=:96I:D;I=:6L6G9
=@T-=:DBE6CND;;:GH6C,));DGHJ7HI6CI>6AAN6AA:BEADN::HL>I=6IA:6HIILDN:6GHD;
H:GK>8:DCI=::;;:8I>K:96I:D;6CD;;:G>C<JC9:GI=:EA6CA><>7A::BEADN::HB6N:A:8IIDEJG8=6H:6CN9DAA6G6BDJCID;HID8@	
HDADC<6HHJ8=6BDJCI9D:HCDI:M8::9D;I=:>G76H:G6I:D;E6N6C9I=:6<CC6CN86A:C96GN:6G-=:EJG8=6H:EG>8:;DGH=6G:HD;;:G:9>HI=:ADL:GD;I=:8ADH>C<B6G@:I7>9EG>8:;DG
I=:D;;:G>C<96I:DGI=:6K:G6<:B6G@:I7>9EG>8:;DGI=:;>K:7JH>C:HH96NHEG:8:9>C<I=:D;;:G>C<96I:-=:EJG8=6H:EG>8:6C9
EG:B>JB9>H8DJCIIDI=:68IJ6AB6G@:I8ADH>C<EG>8:DCI=:D;;:G>C<96I:;DGI=:
	
	6C9
D;;:G>CK:AN)6NB:CI;DGI=:HID8@>HB69:I=GDJ<=E6NGDAA9:9J8I>DCHDK:GI=:
D;;:G>C<E:G>D9	6C9:BEADN::HB6N9>H8DCI>CJ:I=:9:9J8I>DCH6I6CNI>B:6C9:M:G8>H:I=:DEI>DCDGI6@:I=:;JC9HDJID;I=:
EGDC<7:<6C#JC:	
6C9GJCHI=GDJ<=#JC:	
	L>I=	
>CHID8@K6AJ:ID7:
EJG8=6H:96I
E:GH=6G:
#?D5K>3?=5)1H5C
-=:;DAADL>C<I67A:H=DLHI=:8DBEDH>I>DCD;>C8DB:I6M:ME:CH:
.51B>454535=25B
!#$ %!&$ $









JGG:CI
:9:G6A

	



	


	

,I6I:

	


	

	
-DI6A8JGG:CI

	

	



	

:;:GG:9
:9:G6A

	 
	


	
,I6I:

 


	
-DI6A9:;:GG:9

	
 
	

	
-DI6AEGDK>H>DC

	

	

	

Q
,+

DGB
$

-=:;DAADL>C<I67A:H=DLHI=:8DBEDH>I>DCD;>C8DB:I6M:HE6>9G:;JC9:9,I6I:I6M:H6G:9>H8ADH:9;DGN:6GHL=:CI=:N
:M8::9D;I=:IDI6AC:II6M:HE6>9G:;JC9:9
.51B>454535=25B
!#$ %!&$ $









:9:G6A


	 
	



	


,I6I:

	


	

	
-DI6A

	 
	

	
,I6I:
"C9>6C6

	



	


	


"AA>CD>H



T

T
6A>;DGC>6



T

T
-=:;DAADL>C<I67A:H=DLHI=:G:6HDCH;DGI=:9>;;:G:C8:7:IL::C>C8DB:I6M:ME:CH:6C9I=:6BDJCI8DBEJI:97N6EEAN>C<
I=:.,;:9:G6AHI6IJIDGN>C8DB:I6MG6I:ID>C8DB:7:;DG:>C8DB:I6M:H









.51B>454535=25B
!#$ %!&$ $
=?E>D
%5B35>D?6
%B5D1H
>3?=5
=?E>D
%5B35>D?6
%B5D1H
>3?=5
=?E>D
%5B35>D?6
%B5D1H
>3?=5
.,;:9:G6AHI6IJIDGN>C8DB:I6M

	



	



	


:8G:6H:>C8G:6H:>C>C8DB:I6M:HG:HJAI>C<;GDB
,I6I:I6M:H	C:ID;;:9:G6A>C8DB:I6M7:C:;>I

	



	



	

-6M8G:9>IH














'DCI6M67A:DGCDC9:9J8I>7A:>I:BH












-DI6A

	


	


	

 ,I6I:I6M:H>C"C9>6C6B69:JEI=:B6?DG>INI G:A6I:9 ID ADHH:H DC >CK:HIB:CI H:8JG>I>:H 6K6>A67A:
;DG
H6A: ;DG I=: N:6GH 
	 
	 6C9 
 L6H
6EEGDM>B6I:AN
B>AA>DC	
B>AA>DC6C9
B>AA>DC	G:HE:8I>K:AN
-=:;DAADL>C<I67A:H=DLHI=:8DBEDH>I>DCD;9:;:GG:9I6M6HH:IH6C9A>67>A>I>:H6HD;:8:B7:G	
6C9


!#$ %!&$ $






:;:GG:9I6M6HH:IH
AADL6C8:;DG8G:9>IADHH:H

	

	
(E:G6I>C<A:6H:A>67>A>IN

	

	
88GJ6AH;DG:BEADN::7:C:;>IH

	

	
-6M8G:9>I86GGNDK:G

	

T
':IJCG:6A>O:9ADHH:HDCH:8JG>I>:H6K6>A67A:
;DG
H6A:

	

	
(I=:G

	

	
-DI6A9:;:GG:9I6M6HH:IH

	

	
:;:GG:9I6MA>67>A>I>:H
>;;:G>C<9:EG:8>67A:76H:H>CEG:B>H:H6C9A:6H:9:FJ>EB:CI

	

	
+><=ID;JH:6HH:IH
A:6H:H

	

	

>;;:G>C<76H:H>C6HH:IHG:A6I:9ID68FJ>H>I>DCH

	


	
-6M69K6CI6<:9E6GIC:GH=>EH

	


(I=:G

	

	
-DI6A9:;:GG:9I6MA>67>A>I>:H

	


	
':I9:;:GG:9I6M6HH:I

	

	
'DK6AJ6I>DC6AADL6C8:;DG9:;:GG:9I6M6HH:IHL6HG:8DG9:96I:8:B7:G	
6C9
6HI=:DBE6CN7:A>:K:H>I>H
BDG:A>@:ANI=6CCDII=6I6AAD;I=:9:;:GG:9I6M6HH:IHL>AA7:G:6A>O:9
-6MN:6GHI=6IG:B6>CDE:C6C9HJ7?:8IID6J9>I>C8AJ9:I=:;:9:G6A


N:6GH6C9I=:"C9>6C6


N:6GH-=:
DBE6CN9D:HCDI6CI>8>E6I:6H>;>86CI8=6C<:>CI=:6BDJCID;JC8:GI6>CI6MEDH>I>DCHL>I=>CI=:C:MIBDCI=H

Q
,+

DGB
$

#?D5K?>D9>75>D!9129<9D95C?==9D=5>DC1>49>1>391<>CDBE=5>DCG9D8$661<1>35(855D'9C;
?>D9>75>D !9129<9D95C THI ,DJG8: 6C9 >IH HJ7H>9>6G>:H 6G: 9:;:C96CIH >C K6G>DJH A:<6A EGD8::9>CH>C< >C I=: CDGB6A
8DJGH:D;7JH>C:HH"CI=:DE>C>DCD;B6C6<:B:CI	76H:9JEDCEG:H:CI>C;DGB6I>DC>C8AJ9>C<I=:69K>8:D;A:<6A8DJCH:A	I=:
JAI>B6I:G:HDAJI>DCD;I=:H:EGD8::9>CAACDI=6K:6B6I:G>6A:;;:8IDCI=:DBE6CNXH8DCHDA>96I:9;>C6C8>6AEDH>I>DCDG
G:HJAIHD;DE:G6I>DCH
HI,DJG8:6C@H:AAHG:H>9:CI>6ABDGI<6<:AD6CHID6CC>:&6:6HL:AA6H!
>CHJG:9	.,
>CHJG:96C9/
C >CC>:&6:BDGI<6<:
768@:9H:8JG>I>:H99>I>DC6AAN	I=:6C@=6HHDA9AD6CHDC6H:GK>8:G:A:6H:976H>HIDK6G>DJH
DI=:G ;>C6C8>6A >CHI>IJI>DCH >C I=: E6HI -=: 68= I=: 6C@ H:AAH I=:H: BDGI<6<: AD6CH 8DCI6>C K6G>DJH
G:EG:H:CI6I>DCH6C9L6GG6CI>:HG:<6G9>C<I=:688:EI67>A>IND;AD6CH;DGEJG8=6H:(CD886H>DC	I=:6C@B6N7:G:FJ>G:9ID
>C9:BC>;NI=:AD6CEJG8=6H:G;DG8G:9>IADHH:HDCAD6CHI=6IL:G:A6I:G9::B:9>C:A><>7A:;DGEJG8=6H:DGB6N7:G:FJ>G:9ID
G:EJG8=6H:6AD6CDI=8>G8JBHI6C8:H6G:8DAA:8I>K:ANG:;:GG:9ID6HUG:EJG8=6H:HV
-=:DBE6CNXHA>67>A>IN;DGG:EJG8=6H:H	>C8AJ9:9>C88GJ:9ME:CH:H6C9(I=:G%>67>A>I>:HDCI=:DCHDA>96I:9,I6I:B:CIHD;
>C6C8>6A DC9>I>DC	 L6H 

 B>AA>DC 6C9 
 B>AA>DC 6H D; :8:B7:G 	 
 6C9 
	 G:HE:8I>K:AN -=: BDGI<6<:
G:EJG8=6H:A>67>A>ING:EG:H:CIHI=:DBE6CNXH7:HI:HI>B6I:D;I=:ADHHI=6I>IB6N>C8JG-=::HI>B6I:>H76H:9DCHE:8>;>8AD6C
G:EJG8=6H:G:FJ:HIH6C96=>HIDG>86AADHHG6I>DL>I=G:HE:8IIDDG><>C6I>DC9DAA6GKDAJB::86JH:I=:A:K:AD;BDGI<6<:AD6C
G:EJG8=6H:ADHH:H6G:9:E:C9:CIDC:8DCDB>8;68IDGH	>CK:HIDG9:B6C9HIG6I:<>:H6C9DI=:G:MI:GC6A8DC9>I>DCHI=6IB6N8=6C<:
DK:G I=: A>;: D; I=: JC9:GAN>C< AD6CH	 I=: A:K:A D; A>67>A>IN ;DG BDGI<6<: AD6C G:EJG8=6H: ADHH:H >H 9>;;>8JAI ID :HI>B6I: 6C9
G:FJ>G:H8DCH>9:G67A:B6C6<:B:CI?J9DCK-=:DBE6CN6C9>IHHJ7H>9>6G>:H6G:D7A><6I:9JC9:GDE:G6I>C<A:6H:H;DG8:GI6>CD;;>8:EG:B>H:H6C9
:FJ>EB:CI
-=:;DAADL>C<I67A:H=DLHDE:G6I>C<A:6H:G><=ID;JH:6HH:IH6C9DE:G6I>C<A:6H:A>67>A>I>:H6HD;:8:B7:G

!#$ %!&$ $
(D1D5=5>D?69>1>391<?>49D9?>3<1CC96931D9?>






(E:G6I>C<A:6H:G><=ID;JH:6HH:IH
88GJ:9>C8DB:6C9DI=:G6HH:IH


	


	

(E:G6I>C<A:6H:A>67>A>I>:H
88GJ:9:ME:CH:H6C9DI=:GA>67>A>I>:H

	

	

-=:;DAADL>C<I67A:H=DLHI=:8DBEDC:CIHD;DE:G6I>C<A:6H:H:ME:CH:;DGI=:N:6G:C9:9:8:B7:G

!#$ %!&$ $
(D1D5=5>D?6>3?=53<1CC96931D9?>









(E:G6I>C<A:6H:8DHI
':ID88JE6C8N:ME:CH:

	


	

	
,=DGI
I:GBA:6H:8DHI
':ID88JE6C8N:ME:CH:



T


/6G>67A:A:6H:8DHI
':ID88JE6C8N:ME:CH:






-DI6ADE:G6I>C<A:6H:8DHI

	

	

	
-=:;DAADL>C<I67A:H=DLH;JIJG:B>C>BJBG:CI6A8DBB>IB:CIH;DG6AACDC86C8:AA67A:DE:G6I>C<A:6H:HL>I=6C>C>I>6AI:GB
ADC<:GI=6CBDCI=H;DGI=:C:MI;>K:N:6GH6C9I=:G:6;I:G

!#$ %!&$ $



	



	




	



	



	

-=:G:6;I:G

	

-DI6AA:6H:E6NB:CIH


	

%:HH>BEJI:9>CI:G:HI

	

)G:H:CIK6AJ:D;DE:G6I>C<A:6H:A>67>A>I>:H

	

Q
,+

DGB
$

-=: ;DAADL>C< I67A: H=DLH I=: L:><=I:9 6K:G6<: G:B6>C>C< DE:G6I>C< A:6H: I:GB	 I=: L:><=I:9 6K:G6<: 9>H8DJCI G6I: 6C9
HJEEA:B:CI6ADCHDA>96I:9,I6I:B:CID;6H=ADLH>C;DGB6I>DC;DGDE:G6I>C<A:6H:H6I:8:B7:G

!#$ %!&$ $









0:><=I:96K:G6<:G:B6>C>C<A:6H:I:GB
N:6GH
N:6GH
N:6GH
0:><=I:96K:G6<:9>H8DJCIG6I:



6H=E6>9;DG6BDJCIH>C8AJ9:9>CI=:B:6HJG:B:CID;A:6H:A>67>A>I>:H
(E:G6I>C<86H=;ADLH;GDBDE:G6I>C<A:6H:H

	


	


	

-=:G:L:G:CDC:LH>;>86CIA:6H:HI=6I=69CDIN:I8DBB:C8:96HD;:8:B7:G	

9>1>391< >CDBE=5>DC G9D8 $661<1>35(855D '9C; T -D B::I I=: ;>C6C8>C< C::9H D; >IH 8A>:CIH	 HI ,DJG8: 6C9 >IH
HJ7H>9>6G>:H6G:E6GI>:HID;>C6C8>6A>CHIGJB:CIHL>I=D;;
76A6C8:
H=::IG>H@>CI=:CDGB6A8DJGH:D;7JH>C:HH-=:H:D;;
76A6C8:
H=::I ;>C6C8>6A >CHIGJB:CIH >C8AJ9: 8DBB>IB:CIH ID DG><>C6I: 6C9 H:AA AD6CH 6C9 HI6C97N A:II:GH D; 8G:9>I -=: >CHIGJB:CIH
>CKDAK:	IDK6GN>C<9:I6C9>CI:G:HIG6I:G>H@>C:M8:HHD;I=:6BDJCIG:8DO:9>CI=:DCHDA>96I:9
,I6I:B:CIHD;>C6C8>6ADC9>I>DC
>C6C8>6A>CHIGJB:CIH	L=DH:8DCIG68I6BDJCIHG:EG:H:CI8G:9>IG>H@6HD;:8:B7:G	L:G:6H;DAADLH

!#$ %!&$ $






BDJCIHD;8DBB>IB:CIH
%D6C8DBB>IB:CIHID:MI:C98G:9>I

		

	
	
,I6C97NA:II:GHD;8G:9>I


	


	
DBB:G8>6A6C9H>B>A6GA:II:GHD;8G:9>I

	


-=:DBE6CNXH:MEDHJG:ID8G:9>IADHH>CI=::K:CID;CDCE:G;DGB6C8:7NI=:DI=:GE6GINIDI=:;>C6C8>6A>CHIGJB:CIH;DGAD6C
8DBB>IB:CIH6C9HI6C97NA:II:GHD;8G:9>I>HG:EG:H:CI:97NI=:9DAA6G6BDJCID;I=DH:>CHIGJB:CIH-=:DBE6CNJH:HI=:
H6B:8G:9>IEDA>8>:H6C98DAA6I:G6AG:FJ>G:B:CIH>CB6@>C<8DBB>IB:CIH6C98DC9>I>DC6AD7A><6I>DCH6H>I9D:H;DGDC
76A6C8:
H=::I>CHIGJB:CIH
%D6C8DBB>IB:CIH<:C:G6AAN=6K:;>M:9:ME>G6I>DC96I:HDGDI=:GI:GB>C6I>DC8A6JH:H6C9B6NG:FJ>G:E6NB:CID;6;::,>C8:
B6CND;I=:8DBB>IB:CIH6G::ME:8I:9ID:ME>G:L>I=DJI7:>C<9G6LCJEDC	I=:IDI6A8DBB>IB:CI6BDJCIH9DCDIC:8:HH6G>AN
G:EG:H:CI ;JIJG: 86H= G:FJ>G:B:CIH -=: DBE6CN IB:CIH ID 7DGGDL:GH HJ7?:8I ID CDGB6A AD6C
JC9:GLG>I>C<HI6C96G9H-=:>CI:G:HIG6I:G>H@6HHD8>6I:9L>I=I=:H:AD6C8DBB>IB:CIH>HB6C6<:97N:CI:G>C<>CID8DCIG68IH;DG
;JIJG:9:A>K:G>:HD;AD6CH
,I6C97NA:II:GHD;8G:9>I6G:8DC9>I>DC6A8DBB>IB:CIH>HHJ:9ID:CIID6I=>G9E6GIN-=:8G:9>I
G>H@>CKDAK:9>C6C98DAA6I:G6AD7I6>C:9L=:C>HHJ>C<HI6C97NA:II:GHD;8G:9>I6G::HH:CI>6AANI=:H6B:6HI=DH:>CKDAK:9>C
:MI:C9>C<AD6C8DBB>IB:CIHID8A>:CIH,I6C97NA:II:GHD;8G:9>I<:C:G6AAN=6K:I:GBHG6C<>C<;GDBILDBDCI=HIDDC:N:6G
DBB:G8>6AA:II:GHD;8G:9>I6G:>HHJ:9HE:8>;>86AANID;68>A>I6I:8DBB:G8:6C9INE>86AANG:HJAI>CI=:8DBB>IB:CI7:>C<9G6LC
DCL=:CI=:JC9:GAN>C<IG6CH68I>DC>H8DCHJBB6I:97:IL::CI=:8JHIDB:G6C9I=:I=>G9E6GINDBB:G8>6AA:II:GHD;8G:9>I
<:C:G6AAN=6K:I:GBHG6C<>C<;GDBILDBDCI=HIDH>MBDCI=H
#?D5K5B9F1D9F59>1>391<>CDBE=5>DC
DBB>IB:CIHIDDG><>C6I:G:H>9:CI>6ABDGI<6<:AD6CH=:A9;DGH6A:6C9;DGL6G98DBB>IB:CIHIDH:AAG:H>9:CI>6ABDGI<6<:AD6CH
6G:8DCH>9:G:99:G>K6I>K:>CHIGJB:CIH,::'DI:;DG;JGI=:G>C;DGB6I>DC
-=:DBE6CN=6H8:GI6>C>CI:G:HIG6I:9:G>K6I>K:EDH>I>DCHI=6I6G:CDI9:H>C<>CHIGJB:CIH:G>K6I>K:6HH:IH6C9
A>67>A>I>:H6G:G:8DG9:96I;6>GK6AJ:DCI=:DCHDA>96I:9,I6I:B:CIHD;>C6C8>6ADC9>I>DC6C99DCDII6@:>CID688DJCII=:
:;;:8IHD;B6HI:GC:II>C<6C<6K6I>K:8DCIG68IH=:A9L>I=6
H>CH	 6C9 ID D;;H:I C:I 9:G>K6I>K: EDH>I>DCH L>I= G:A6I:9 8DAA6I:G6A	 L=:G: 6EEA>867A: -=:H:
9:G>K6I>K:EDH>I>DCHG:A6I:IDIG6CH68I>DCH>CL=>8=I=:DBE6CN:CI:GH>CID6C>CI:G:HIG6I:HL6EL>I=68A>:CIL=>A:6II=:H6B:
I>B::CI:G>C<>CID6CD;;H:II>C<>CI:G:HIG6I:HL6EL>I=6CDI=:G;>C6C8>6A>CHI>IJI>DC"C8DCC:8I>DCL>I=:68=IG6CH68I>DC	I=:
DBE6CN6CI:G:HIIDI=:8A>:CIDC6CDI>DC6A6BDJCI6I6K6G>67A:>CI:G:HIG6I:6C9G:8:>K:>CI:G:HI;GDBI=:8A>:CI
DCI=:H6B:CDI>DC6A6BDJCI6I6;>M:9>CI:G:HIG6I:II=:H6B:I>B:	I=:DBE6CN6C6C8>6A>CHI>IJI>DC
I=: H6B: ;>M:9 >CI:G:HI G6I: DC I=: H6B: CDI>DC6A 6BDJCI 6C9 G:8:>K: I=: H6B: K6G>67A: >CI:G:HI G6I: DC I=: H6B: CDI>DC6A
6BDJCI-=:IG6CH68I>DC6AADLHI=:8A>:CIID:;;:8I>K:AN8DCK:GI6K6G>67A:G6I:AD6CID6;>M:9G6I::86JH:I=:I:GBHD;I=:
HL6EHL>I=I=:8JHIDB:GH6C9I=:DI=:G;>C6C8>6A>CHI>IJI>DCHD;;H:I:68=DI=:G	L>I=I=:DCAN9>;;:G:C8:7:>C<8DJCI:GE6GIN
8G:9>IG>H@	8=6C<:H>CI=:;6>GK6AJ:D;I=:JC9:GAN>C<9:G>K6I>K:8DCIG68IH6G:CDIB6I:G>6AAN9>;;:G:CI6C99DCDIH>;>86CIAN
>BE68II=:DBE6CNXHG:HJAIHD;DE:G6I>DCH

Q
,+

DGB
$

-=:;DAADL>C<I67A:H=DLHI=:6BDJCIHD;CDC
=:9<>C<9:G>K6I>K:;>C6C8>6A>CHIGJB:CIH6I:8:B7:G	
6C9

HH:I9:G>K6I>K:H
%>67>A>IN9:G>K6I>K:H

!#$ %!&$ $
'DI>DC6ADG
8DCIG68IJ6A
6BDJCI
,I6I:B:CID;>C6C8>6A
DC9>I>DC8A6HH>;>86I>DC
6>GK6AJ:
,I6I:B:CID;>C6C8>6A
DC9>I>DC8A6HH>;>86I>DC
6>GK6AJ:
"CI:G:HIG6I:HL6E8DCIG68IH

		
(I=:G6HH:IH

	
(I=:GA>67>A>I>:H

	
%D6C8DBB>IB:CIH

	

&DGI<6<:H=:A9;DGH6A:


'

T
DGL6G98DCIG68IH
BDGI<6<:AD6C


	



'

T
&DGI<6<:H=:A9;DGH6A:


-DI6A
:8:B7:G	


	
	


	

	
"CI:G:HIG6I:HL6E8DCIG68IH

	
	
(I=:G6HH:IH

	
(I=:GA>67>A>I>:H

	
%D6C8DBB>IB:CIH

	
&DGI<6<:H=:A9;DGH6A:


'

T
DGL6G98DCIG68IH
BDGI<6<:AD6C

	


&DGI<6<:H=:A9;DGH6A:


'

T
-DI6A
:8:B7:G	


	
	

	

	
-=: ;DAADL>C< I67A: H=DLH I=: 6BDJCIH >C8AJ9:9 DC I=: DCHDA>96I:9 ,I6I:B:CIH D; "C8DB: ;DG CDC
=:9<>C< 9:G>K6I>K:
;>C6C8>6A>CHIGJB:CIH6I:8:B7:G	
	
6C9

19>D?6
>3?=53<1CC96931D9?>









"CI:G:HIG6I:HL6E8DCIG68IH
(I=:G:ME:CH:

 



"CI:G:HIG6I:HL6E8DCIG68IH
(I=:G>C8DB:

	



	

%D6C8DBB>IB:CIH
&DGI<6<:76C@>C<







DGL6G98DCIG68IH
BDGI<6<:AD6C
&DGI<6<:76C@>C<

 




-DI6A

	

	



	
-=:;DAADL>C<I67A:H=DLHI=:D;;H:II>C<D;;>C6C8>6A6HH:IH6C99:G>K6I>K:6HH:IH6I:8:B7:G	
6C9

 GDHHBDJCIH'DI(;;H:I>CI=:
,I6I:B:CID;>C6C8>6ADC9>I>DC

!#$ %!&$ $
 GDHH
BDJCIHD;
+:8DO:9
HH:IH
 GDHHBDJCIH
(;;H:I>CI=:
,I6I:B:CID;
>C6C8>6ADC9>I>DC
':IBDJCIHD;
HH:IH)G:H:CI:9>C
I=:,I6I:B:CID;
>C6C8>6ADC9>I>DC
>C6C8>6A
"CHIGJB:CIH
6H=DAA6I:G6A
+:8:>K:9
':IBDJCI
:8:B7:G	

"CI:G:HIG6I:HL6EH

	

T

	

T




	
:8:B7:G	

"CI:G:HIG6I:HL6EH

	

T

	

T

	

	

-=:;DAADL>C<I67A:H=DLHI=:D;;H:II>C<D;;>C6C8>6AA>67>A>I>:H6C99:G>K6I>K:A>67>A>I>:H6I:8:B7:G	
6C9

 GDHHBDJCIH'DI(;;H:I>CI=:
,I6I:B:CID;>C6C8>6ADC9>I>DC

!#$ %!&$ $
 GDHH
BDJCIHD;
+:8DO:9
%>67>A>I>:H
 GDHHBDJCIH
(;;H:I>CI=:
,I6I:B:CID;
>C6C8>6ADC9>I>DC
':IBDJCIHD;
%>67>A>I>:H)G:H:CI:9>C
I=:,I6I:B:CID;
>C6C8>6ADC9>I>DC
>C6C8>6A
"CHIGJB:CIH
6H=DAA6I:G6A
)A:9<:9
':IBDJCI
:8:B7:G	

"CI:G:HIG6I:HL6EH

	

T

	

T

	



	
+:EJG8=6H:6CE:G;DGB6C8:D;6CND7A><6I>DCD;6G:EJG8=6H:DG9:G>K6I>K:6AAH:I
D;;EGDE:GIN
=:A9	DGAD6C>C9:7I:9C:HHDL>C<	>CG:HE:8ID;IG6CH68I>DCH6<6>CHID7A><6I>DCHDL>C<>CG:HE:8ID;6CNDI=:GIG6CH68I>DCHI
:8:B7:G	
6C9:8:B7:G	
	G:EJG8=6H:6C>C<8DCIG68IJ6AB6IJG>IND;B>AA>DC6C9

B>AA>DC>CDK:GC><=I6C9

B>AA>DC6C9

B>AA>DC>CJEID
96NH	G:HE:8I>K:AN6C9L:G:8DAA6I:G6A>O:97N.,
-G:6HJGN6C9:9:G6A6<:C8>:HH:8JG>I>:H
#?D5
K'57E<1D?BI"1DD5BC
-=:DBE6CN>HHJ7?:8IIDK6G>DJHG:I6AG:FJ>G:B:CIH69B>C>HI:G:97NI=::9:G6A76C@>C<6<:C8>:H6>AJG:ID
B::IB>C>BJB86E>I6AG:FJ>G:B:CIH86CG:HJAI>C8:GI6>CB6C96IDGN6C9EDHH>7A:699>I>DC6A9>H8G:I>DC6GN68I>DCH7NG:;JC9:GI6@:C	8DJA9=6K:6B6I:G>6A:;;:8IDCI=:DBE6CNXH;>C6C8>6AHI6I:B:CIH.C9:G86E>I6A69:FJ68N9:A>C:H6C9
I=: G:K: 68I>DC	 I=: DBE6CN BJHI B::I HE:8>;>8 86E>I6A 9:A>C:H I=6I >CKDAK:
FJ6CI>I6I>K: B:6HJG:H D; 6HH:IH	 A>67>A>I>:H	 6C9 8:GI6>C D;;
76A6C8:
H=::I >I:BH 6H 86A8JA6I:9 JC9:G G:C<
EG68I>8:H 6E>I6A 6BDJCIH 6C9 8A6HH>;>86I>DC 6G: HJ7?:8I ID FJ6A>I6I>K: ?J9H@
L:><=I>CI6I>K:B:6HJG:H:HI67A>H=:97NG:DCID:CHJG:86E>I6A69:FJ68NG:FJ>G:I=:DBE6CNIDB6>CI6>CB>C>BJB6BDJCIH
6C9G6I>DHD;IDI6A86E>I6A	->:G86E>I6A	6C98DBBDC:FJ>IN->:G86E>I6AIDG>H@
L:><=I:96HH:IH6C9D;->:G86E>I6AID
6K:G6<:6HH:IH-=:DBE6CN7:A>:K:HI=6I>IB::IH6AA86E>I6A69:FJ68NG:FJ>G:B:CIHIDL=>8=>I>HHJ7?:8I
-=:BDHIG:8:CICDI>;>86I>DC;GDBI=::9:G6A76C@G:O:9HI,DJG8:6C@	I=:A6G<:HID;>IHHJ7H>9>6G>:H	6H
UL:AA86E>I6A>O:9VJC9:GI=:G:K:68I>DC-D7:86I:O:96HUL:AA86E>I6A>O:9VI=:
6C@BJHIB6>CI6>CB>C>BJBIDI6AG>H@
76H:9	->:GG>H@
76H:9	8DBBDC:FJ>IN->:GG>H@
76H:9	6C9->:GA:K:G6<:G6I>DH
6HH:I;DGI=>CI=:I67A:7:ADL-=:G:6G:CD8DC9>I>DCHDG:K:CIHH>C8:I=6ICDI>;>86I>DCI=6II=:DBE6CN7:A>:K:HL>AA=6K:
8=6C<:9I=:>CHI>IJI>DCXH86I:H8JHH:9>C'DI:	I=:86E>I6AH:8JG>I>:H=:A97NI=:6E>I6A-GJHIHFJ6A>;N6H->:G86E>I6AJC9:G:9:G6A+:H:GK:D6G9
9:A>C:H-=:;DAADL>C<I67A:H=DLHI=:68IJ6A6C9G:FJ>G:986E>I6A6BDJCIH6C9G6I>DH;DGHI,DJG8:DGEDG6I>DC6C9HI
,DJG8:6C@6HD;:8:B7:G	
6C9

3DE1<
"9>9=E=1@9D1<
45AE13I
"9>9=E=1@9D1<
45AE13IG9D8
1@9D1<E665B
)?5,5<<1@9D1<9J54
*>45B%B?=@D?BB53D9F5
3D9?>%B?F9C9?>C

!#$ %!&$ $
=?E>D
'1D9?
=?E>D
'1D9?
=?E>D
'1D9?
=?E>D
'1D9?


-DI6A6E>I6AID+>H@
0:><=I:9HH:IH
HI,DJG8:DGEDG6I>DC
	
	


 	



	




	




HI,DJG8:6C@
 		

 	



 	




	




->:G6E>I6AID+>H@
0:><=I:9HH:IH
HI,DJG8:DGEDG6I>DC
 	
	


 	



 	



	



HI,DJG8:6C@
 		

 	



 	



	



DBBDCFJ>IN->:G6E>I6AID+>H@
0:><=I:9HH:IH
HI,DJG8:DGEDG6I>DC
 	
	

 	


 	




	


HI,DJG8:6C@
 		

 	


 	




	


->:G6E>I6AIDK:G6<:HH:IH
HI,DJG8:DGEDG6I>DC
 	
	


 	



'
'

	



HI,DJG8:6C@
 		

 	



'
'

	





-DI6A6E>I6AID+>H@
0:><=I:9HH:IH
HI,DJG8:DGEDG6I>DC
		




 
	




	




	




HI,DJG8:6C@
 		


 
	




 	





	




->:G6E>I6AID+>H@
0:><=I:9HH:IH
HI,DJG8:DGEDG6I>DC
 		

 	



 	





	




HI,DJG8:6C@
 		

 	



 	




	




DBBDCFJ>IN->:G6E>I6AID+>H@
0:><=I:9HH:IH
HI,DJG8:DGEDG6I>DC
 		

 	


 	




	


HI,DJG8:6C@
 	
	

 	


 	





	



->:G6E>I6AIDK:G6<:HH:IH
HI,DJG8:DGEDG6I>DC
 		


 	



'
'

	



HI,DJG8:6C@
 		

 	



'
'

	




Q
,+

DGB
$

-=:6C@L6HCDIG:FJ>G:9IDB6>CI6>CCDC>CI:G:HI7:6G>C<86H=76A6C8:HL>I=I=::9:G6A+:H:GK:6C@6HD;:8:B7:G	

6C9

>K>9:C9HI=6IB6N7:E6>97N6HJ7H>9>6GN76C@IDI=:E6G:CI8DBE6CN6G:HJ7?:8IID8:GI6>CA:<6A6C9G:B>I6I>DCH
6C96AHDB6N7:6;;:8I:97N86E>I6AC::9H	6HL:AA6HDI=:G;68IDGH
J:IDI=:DBE6CNXHBDGI<6<:68I>K>I>:H	HI,DJG8:6C@>HG:FJ>G:9IDB6>CI6>CB>C>BJBC:ILDGI=86E>I6AG:FJ>G:B:CIH
:HI67A>H=:97NK6G>DJH:HHI,DJG8:6C@XHC:ILDGI=G:FJ>G:B:CIH6G:C<6C9.G76C:K:ADEB:CI6C9 '&HD;:8:B7:G	
	HI,DJG8:6C@B:I>IHB>C>BJBC:ILDGI=86E>I6A
G:FJ>G:B:CIH
#?D5
K19B+1DC
-=:DBE6CN9:I:GB>C:HI=:;6>GK6AJ:HD;>IH;>C6C8>6A>CHIGJB:CIH76H:9DCI=:;6>GK6AJ:=>:G6G8=N	L=>8=G:FJ>G:H6C:CI>IN
IDB6M>B>O:I=:JH:D;FJDI:9EG>8:H6C9D7H:GK67A:>CEJIH6C9IDB>C>B>O:I=:JH:D;JCD7H:GK67A:>CEJIHL=:CB:6HJG>C<;6>G
K6AJ: -=: DBE6CN :A:8I:9 ;6>G K6AJ: 688DJCI>C< ;DG BDGI<6<:H =:A9 ;DG H6A: 6C9 ;DG >IH 7:HI
:;;DGIH ;DGL6G9 H6A:H
8DBB>IB:CIH-=:DBE6CN:8DCDB>86AAN=:9<:H>IHBDGI<6<:H=:A9;DGH6A:6II=:I>B:I=:>CI:G:HIG6I:AD8@H6G:>HHJ:9IDI=:
8JHIDB:GH-=:DBE6CN7:A>:K:HI=::A:8I>DC;DGBDGI<6<:H=:A9;DGH6A:L>AAG:9J8:8:GI6>CI>B>C<9>;;:G:C8:H6C97:II:G
B6I8=8=6C<:H>CI=:K6AJ:D;I=:H:6HH:IHL>I=8=6C<:H>CI=:K6AJ:D;9:G>K6I>K:HDG7:HI
:;;DGIH;DGL6G9H6A:H8DBB>IB:CIH
I:8:B7:G	
6C9
	6AABDGI<6<:H=:A9;DGH6A:L:G:86GG>:96I;6>GK6AJ:
-=:;DAADL>C<I67A:H=DLHI=:9>;;:G:C8:H7:IL::CI=:;6>GK6AJ:86GGN>C<6BDJCID;BDGI<6<:H=:A9;DGH6A:B:6HJG:96I;6>G
K6AJ:6C9I=:6<9EG>C8>E6A6BDJCII=:DBE6CN>H8DCIG68IJ6AAN:CI>IA:9IDG:8:>K:6IB6IJG>INDC:8:B7:G	

6C9


!#$ %!&$ $
19BF17
1=?E>D
77B571D5E>@194
@B9>39@1<
H35CC?6619BF171=?E>D
?F5BE>45BE>@194
@B9>39@1<
:8:B7:G	

&DGI<6<:H=:A9;DGH6A:G:EDGI:96I;6>GK6AJ:
-DI6A%D6CH

	

	

 
:8:B7:G	

&DGI<6<:H=:A9;DGH6A:G:EDGI:96I;6>GK6AJ:
-DI6A%D6CH

	

	

 
-=::M8:HHD;;6>GK6AJ:86GGN>C<6BDJCIDK:GJC9:GJCE6>9EG>C8>E6A>H>C8AJ9:9>C&DGI<6<:6C@>C<"C8DB:DCI=:DCHDA>96I:9,I6I:B:CIHD;"C8DB:
6C9>C8AJ9:H8=6C<:H>C;6>GK6AJ:6I6C9HJ7H:FJ:CIID;JC9>C<6C9<6>CH6C9ADHH:HDCI=:G:A6I:9AD6C8DBB>IB:CIEG>DGID;JC9>C<
  
 $%#& %$! &## $$
-=: ;DAADL>C< >H 6 9:H8G>EI>DC D; I=: K6AJ6I>DC B:I=D9DAD<>:H JH:9 ;DG ;>C6C8>6A >CHIGJB:CIH B:6HJG:9 6I ;6>G K6AJ: DC 6
G:8JGG>C<76H>H
"CK:HIB:CIH:8JG>I>:H6K6>A67A:
;DG
H6A:6G:K6AJ:9EG>B6G>AN7N6I=>G9
E6GINEG>8>C<6<:CI)G>8:HHJEEA>:97NI=:>C9:E:C9:CI
EG>8>C<6<:CI	6HL:AA6HI=:>GEG>8>C<B:I=D9DAD<>:H6C96HHJBEI>DCH	6G:G:K>:L:97NI=:DBE6CN;DGG:6HDC67A:C:HH6C9ID
:CHJG:HJ8=EG>8:H6G:6A>I=B6G@:IA:K:AH"C<:C:G6A	I=:DBE6CNXH>CK:HIB:CIH:8JG>I>:H9DCDIEDHH:HH68DBEA:M
HIGJ8IJG:I=6I8DJA9>CIGD9J8:DCG>H@-=:EDGI;DA>DB6>CAN8DCH>HIHD;IG69>I>DC6A>CK:HIB:CIH>C8AJ9>C<.,
-G:6HJGN6C9:9:G6A6<:C8>:HH:8JG>I>:H	:9:G6A6<:C8NBDGI<6<:E6HH
I=GDJ<=H:8JG>I>:H	6C9<:C:G6AD7A><6I>DC6C9G:K:CJ:
BJC>8>E6A7DC9H)G>8>C<;DGHJ8=>CHIGJB:CIH>H;6>GAN<:C:G>86C9>H:6H>AND7I6>C:9(C6FJ6GI:GAN76H>H	EG>8:HHJEEA>:97N
I=:EG>8>C<6<:CI6G:K6A>96I:97N8DBE6G>HDCIDEG>8:HD7I6>C:9;GDBDI=:GI=>G9
E6GINHDJG8:H;DG6B6I:G>6AEDGI>DCD;I=:
EDGI;DA>D
-=: K6AJ6I>DC EDA>8N 6C9 EGD8:9JG:H ;DG %:K:A  ;6>G K6AJ: B:6HJG:B:CIH D; 6K6>A67A:
;DG
H6A: 9:7I H:8JG>I>:H 6G: 9:8>9:9
I=GDJ<=8DAA67DG6I>DC7:IL::CB6C6<:B:CID;I=:DGEDG6I:88DJCI>C<6C9JC9H&6C6<:B:CI9:E6GIB:CIH-=:8=6C<:H>C
;6>G K6AJ: B:6HJG:B:CI ;DG %:K:A  H:8JG>I>:H 6G: 6C6ANO:9 DC 6 E:G>D9>8 76H>H JC9:G 6 8DAA67DG6I>K: ;G6B:LDG@ L>I= I=:
6;DG:B:CI>DC:99:E6GIB:CIH-=:B:I=D9DAD67A:HJH:9;DG>CEJI6G:9:G>K:9;GDBI=:8DB7>C6I>DCD;D7H:GK67A:
6C9JCD7H:GK67A:>CEJIH-=:JCD7H:GK67A:>CEJIH6G:9:I:GB>C:9I=GDJ<=>CI:GC6A6HHJBEI>DCHI=6IB6NK6GN;GDBE:G>D9ID
E:G>D99J:ID:MI:GC6A;68IDGH	HJ8=6HB6G@:IBDK:B:CI6C98G:9>IG6I>C<69?JHIB:CIH
DI=I=:B6G@:I6C9>C8DB:K6AJ6I>DC6EEGD68=:H6G:>BEA:B:CI:9JH>C<I=:;DAADL>C<INE:HD;>CEJIH
Q
.,IG:6HJG>:H6G:EG>8:9JH>C<I=:B6G@:I6EEGD68=6C9JI>A>O>C<A>K:96I6;::9H;GDB68I>K:B6G@:I:M8=6C<:H;DG
>9:CI>86AH:8JG>I>:H

Q
,+

DGB
$

Q
 DK:GCB:CI
HEDCHDG:9 6<:C8N 9:7I H:8JG>I>:H 6C9 8DGEDG6I: 7DC9H 6G: EG>B6G>AN EG>8:9 JH>C< 6K6>A67A: B6G@:I
>C;DGB6I>DCI=GDJ<=EGD8:HH:HHJ8=6H7:C8=B6G@8JGK:H	B6G@:IK6AJ6I>DCHD;A>@:H:8JG>I>:H	H:8IDGCMEG>8>C<
Q
(I=:G I>:H	 BDGI<6<:
768@:9 H:8JG>I>:H 6C9 HDB: D; I=: 68I>K:AN IG69:9
+&"H 6C9 &(H	 6G: EG>B6G>AN EG>8:9 JH>C< 6K6>A67A: B6G@:I >C;DGB6I>DC >C8AJ9>C< 7:C8=B6G@ N>:A9H	
EG:E6NB:CIHE::9H	HEG:69H6C9KDA6I>A>IND;H>B>A6GH:8JG>I>:H
Q
,I6I:6C9EDA>I>86AHJ79>K>H>DCH6G:A6G<:ANHI>8H	>:	<:D86A96I66C9HDJG8:D;G:K:CJ:
>CIG69:9>HH:B>C6I>DCHNHI:BH,>C8:HDB:H:8JG>I>:H6G:CDIIG69:996>AN6C99J:IDDI=:GC<A>B>I6I>DCH	
68I>K:B6G@:IFJDI:H6G:D;I:CD7I6>C:9JH>C<7:C8=B6G@>C<;DGA>@:H:8JG>I>:H%D86A9>G:8IEA68:B:CIBJC>8>E6A
H:8JG>I>:H	L>I=K:GNA>IIA:B6G@:I68I>K>IN	6G:EG>8:9JH>C<6C6EEGDEG>6I:B6G@:IN>:A98JGK:	L=>8=>C8AJ9:H6
8G:9>IHEG:696HHJBEI>DC
&DGI<6<:H=:A9;DGH6A:6C9I=:G:A6I:9AD6C8DBB>IB:CIH6C9;DGL6G98DCIG68IH=:9<:H6G:K6AJ:97N6I=>G9
E6GINEG>8>C<
6<:CI)G>8:HHJEEA>:97NI=:>C9:E:C9:CIEG>8>C<6<:CI	6HL:AA6HI=:>GEG>8>C<B:I=D9DAD<>:H	6G:G:K>:L:97NI=:DBE6CN
;DGG:6HDC67A:C:HH6C9ID:CHJG:HJ8=EG>8:H6G:6A>I=B6G@:IK6AJ:H(C6FJ6GI:GAN76H>H	EG>8:HHJEEA>:97NI=:EG>8>C<
6<:CI6G:K6A>96I:97N8DBE6G>HDCIDI=:EG>8:HD7I6>C:9;GDBDI=:GI=>G9
E6GINHDJG8:H
"CI:G:HIG6I:HL6EEDH>I>DCH	7DI=6HH:IH6C9A>67>A>I>:H	6G:K6AJ:97N6I=>G9
E6GINEG>8>C<6<:CIJH>C<6C>C8DB:6EEGD68=6C9
JI>A>O>C<BD9:AHI=6IJH:6HI=:>G76H>HG:69>AND7H:GK67A:B6G@:IE6G6B:I:GH-=>HK6AJ6I>DCEGD8:HH8DCH>9:GHK6G>DJH;68IDGH
>C8AJ9>C<>CI:G:HIG6I:N>:A98JGK:H	I>B:K6AJ:6C9KDA6I>A>IN;68IDGH/6A>96I>DCD;I=>G9
E6GIN6<:CIK6AJ6I>DCH>H688DBEA>H=:9
7N8DBE6G>C<I=DH:K6AJ:HIDI=:DBE6CNXHHL6E8DJCI:GE6GINK6AJ6I>DCH&6C6<:B:CI7:A>:K:H6C69?JHIB:CI>HG:FJ>G:9ID
UB>9
B6G@:IVK6AJ6I>DCH;DG9:G>K6I>K:HI>:9ID>IHE:G;DGB>C<AD6CEDGI;DA>DIDG:8DO:I=:>BEG:8>H>DC6C9G:A6I:9:MEDHJG:
>C=:G:CI>CI=:EGD8:HHD;:HI>B6I>C<:ME:8I:98G:9>IADHH:H6HL:AA6HK:AD8>IND;9:I:G>DG6I>DC:K>9:CIL>I=HNHI:B>8G>H@H
:B7:99:9>CI=:H:EDGI;DA>DHCN8=6C<:>CI=:B>9
B6G@:I9:G>K6I>K:K6AJ6I>DC69?JHIB:CIL>AA7:G:8DO:9>BB:9>6I:AN
I=GDJ<=I=:DCHDA>96I:9,I6I:B:CIHD;"C8DB:

Q
,+

DGB
$

-=:;DAADL>C<I67A:H=DLHI=:76A6C8:D;6HH:IH6C9A>67>A>I>:HB:6HJG:96I;6>GK6AJ:DC6G:8JGG>C<76H>H

!#$ %!&$ $
!5F5<
!5F5<
!5F5<
)?D1<
:8:B7:G	

HH:IH
"CK:HIB:CIH:8JG>I>:H6K6>A67A:
;DG
H6A:
.,-G:6HJGN6C9:9:G6A6<:C8>:HH:8JG>I>:H

	

	

T

	
.,,I6I:H6C9EDA>I>86AHJ79>K>H>DCHH:8JG>I>:H

T

	





	

&DGI<6<:
768@:9H:8JG>I>:H
:9:G6A6<:C8>:H

T

	

T

	
DGEDG6I:9:7IH:8JG>I>:H

T




T



-DI6A9:7IH:8JG>I>:H6K6>A67A:
;DG
H6A:

	

	

	



		
&DGI<6<:H=:A9;DGH6A:

T

	

T

	
88GJ:9>C8DB:6C9DI=:G6HH:IH>CI:G:HIG6I:HL6E667>A>I>:H
88GJ:9:ME:CH:H6C9DI=:GA>67>A>I>:H>CI:G:HIG6I:HL6E6I>:H6K6>A67A:
;DG
H6A:
.,-G:6HJGN6C9:9:G6A6<:C8>:HH:8JG>I>:H

	


	

T

	
.,,I6I:H6C9EDA>I>86AHJ79>K>H>DCHH:8JG>I>:H

T

	



	


	
&DGI<6<:
768@:9H:8JG>I>:H
:9:G6A6<:C8>:H

T

	

T

	
-DI6A9:7IH:8JG>I>:H6K6>A67A:
;DG
H6A:

	


	
	

	


		
&DGI<6<:H=:A9;DGH6A:

T

	

T

	
88GJ:9>C8DB:6C9DI=:G6HH:IH>CI:G:HIG6I:HL6E667>A>I>:H
88GJ:9:ME:CH:H6C9DI=:GA>67>A>I>:H>CI:G:HIG6I:HL6E6C<I67A:H=DLH8=6C<:H>C%:K:A6HH:IHB:6HJG:96I;6>GK6AJ:DC6G:8JGG>C<76H>H

!#$ %!&$ $
*	(	(D1D5C1>4
@?<9D931<CE249F9C9?>C
C53EB9D95C
:<>CC>C<76A6C8:#6CJ6GN	


	

-DI6A<6>CHDGADHH:HG:6A>O:9JCG:6A>O:9
"C8AJ9:9>C:6GC>CCDI=:G8DBEG:=:CH>K:>C8DB:ADHH


)JG8=6H:H

T
"HHJ6C8:H

T
,6A:H

T
,:IIA:B:CIH

T
&6IJG>I>:H



-G6CH;:GH>CID%:K:A

T
-G6CH;:GHDJID;%:K:A

T
C9>C<76A6C8::8:B7:G	



:<>CC>C<76A6C8:#6CJ6GN	


	
-DI6A<6>CHDGADHH:HG:6A>O:9JCG:6A>O:9
"C8AJ9:9>C:6GC>CCDI=:G8DBEG:=:CH>K:>C8DB:ADHH


)JG8=6H:H

T
"HHJ6C8:H

T
,6A:H

T
,:IIA:B:CIH

T
&6IJG>I>:H



-G6CH;:GH>CID%:K:A

T
-G6CH;:GHDJID;%:K:A

T
C9>C<76A6C8::8:B7:G	


	

-=:G:L:G:CD<6>CHDGADHH:H;DGI=:E:G>D9>C8AJ9:9>C:6GC>C7JI67A:IDI=:8=6C<:>CJCG:6A>O:9<6>CHDGADHH:HG:A6I>C<
ID6HH:IHHI>AA=:A96I:8:B7:G	
DG

-=:;DAADL>C<I67A:H=DLHI=:K6AJ6I>DCB:I=D9DADCEJIH;DG%:K:A6HH:IHB:6HJG:96I;6>GK6AJ:DC6
G:8JGG>C<76H>H

!#$ %!&$ $
19B+1
"5D8?4??2C5BF12<5>@EDC
'1>75?6>@EDC
,5978D54F5B175
:8:B7:G	

:7IH:8JG>I>:H6K6>A67A:
;DG
H6A:
>G:8IEA68:B:CIBJC>8>E6AH:8JG>I>:H


>H8DJCI:986H=;ADLH
G:9>IHEG:696HHJBEI>DC




:8:B7:G	

:7IH:8JG>I>:H6K6>A67A:
;DG
H6A:
>G:8IEA68:B:CIBJC>8>E6AH:8JG>I>:H

	

>H8DJCI:986H=;ADLH
G:9>IHEG:696HHJBEI>DC



  
 $%#& %$! ! #&## $$
-=:DBE6CNB6N7:G:FJ>G:9	;GDBI>B:IDI>B:	IDB:6HJG:8:GI6>CDI=:G;>C6C8>6A6HH:IH6I;6>GK6AJ:DC6CDC
G:8JGG>C<
76H>H>C688DG96C8:L>I= )-=:H:69?JHIB:CIHID;6>GK6AJ:JHJ6AANG:HJAI;GDB6EEA>86I>DCD;ADL:GD;8DHIDGB6G@:I
688DJCI>C<DG>BE6>GB:CI8=6G<:HD;>C9>K>9J6A6HH:IH

Q
,+

DGB
$

-=:G:9>I)DA>8NDBB>II::)	6B6C6<:B:CI8DBB>II::	>HG:HEDCH>7A:;DGDK:GH::>C<I=:EGD8:HH:H6C98DCIGDAH;DG
HJEEDGI>C<%:K:AK6AJ6I>DC>CEJIHJH:9;DG8DAA6I:G6A
9:E:C9:CIAD6CH6C9A:6H:H	DI=:GG:6A:HI6I:	6C9G:EDHH:HH>DCH-=:
)G:K>:LHI=:H:6HH:IHDC6FJ6GI:GAN76H>HID9:I:GB>C:I=:6EEGDEG>6I:C:HH6C9688JG68ND;D7H:GK67A:>CEJIHL=>8=86C
>C8AJ9:	I=>G9
E6GIN6EEG6>H6AH	6J8I>DCK6AJ:H	IG69:EJ7A>86I>DCH6C97DGGDL:G
EGDK>9:9>C;DGB6I>DC	6C9JCD7H:GK67A:>CEJIH
L=>8=B6N>C8AJ9:9>H8DJCIH;DG8JGG:CIB6G@:I8DC9>I>DCH	8DAA6I:G6A8DC9>I>DC	:HI>B6I:9I>B:IDA>FJ>96I>DC	6C98DAA:8I>DC
8DCH>9:G6I>DCH,I6C96G99>H8DJCI;G6B:LDG@H7N6HH:IINE:6C9K6AJ6I>DCHDJG8:6G:JI>A>O:96C99:K>6I>DCH;GDBI=:HI6C96G9
6G:9D8JB:CI:9-=:9>H8DJCIH6G:G:K>:L:96IA:6HI6CCJ6AANID9:I:GB>C:L=:I=:GI=:NG:B6>C6EEGDEG>6I:DCH>9:G6I>DC>H
<>K:CID8JGG:CIIG:C9H>CB6G@:IK6AJ:H;DGI=:6HH:I86I::H6C9G:6A>O:9<6>CH6C9ADHH:HDCH6A:HD;H>B>A6G6HH:IH-=:
%D6C6C9JC9H&6C6<:B:CIDBB>II::D;I=:D6G9D;>G:8IDGHEGDK>9:HDK:GH><=I;DGI=:)
>H8DJCIHK6GN9:E:C9>C<DCI=:C6IJG:D;I=:6HH:IH6C9I=:HDJG8:D;K6AJ:>G8G6;IK6AJ6I>DCHB6N>C8DGEDG6I:FJ6GI:GAN
IG69:EJ7A>86I>DC96I669?JHI:9;DG:C<>C:I>B:	8DC9>I>DC	6C9B6>CI:C6C8:EGD86AAN9>H8DJCI:97N
%>@:L>H:	
6JIDH6G:K6AJ:9JH>C<8JGG:CI6J8I>DC96I6	<:C:G6AAN9>H8DJCI:97N
B:9>JB6C9=:6KN9JINIGJ8@H6G:K6AJ:9JH>C<IG69:
EJ7A>86I>DCH6C96J8I>DC96I6	8DBBDCAN9>H8DJCI:97NDCHIGJ8I>DC:FJ>EB:CIK6AJ:HB6NG:;:G:C8:IG69:EJ7A>86I>DCH
6C96J8I>DC96I6	INE>86AAN9>H8DJCI:97N
+:6A:HI6I:>HK6AJ:976H:9DC6EEG6>H6AHDG:K6AJ6I>DCH	<:C:G6AAN9>H8DJCI:97N

L>I==><=:G9>H8DJCIH;DGEGDE:GIN>CEDDG8DC9>I>DCDGEGDE:GINL>I=8=6G68I:G>HI>8HL=>8=B6NB6@:>IBDG:9>;;>8JAIID
B6G@:IDG8DBB:G8>6AAD6CHHJ7?:8IID7DGGDL>C<76H:8:GI>;>86I:H	9>H8DJCIHD;6IA:6HI
6G:6EEA>:9IDG:8:>K67A:H6C9


;DG>CK:CIDGNL>I==><=:G9>H8DJCIHL=:CBDCI=AN7DGGDL>C<76H:8:GI>;>86I:H6G:CDIG:FJ>G:9DGG:8:>K:9
DG8DAA6I:G6A9:E:C9:CIAD6CH6C9A:6H:H	L=:G:G:E6NB:CI>H:ME:8I:9HJ7HI6CI>6AAN;GDBI=:8DAA6I:G6A	:ME:8I:98G:9>IADHH:H
6G:B:6HJG:976H:9DCI=:;6>GK6AJ:D;I=:JC9:GAN>C<8DAA6I:G6A	A:HH:HI>B6I:98DHIIDH:AADAA6I:G6AK6AJ:H6G:G:K>:L:96I
A:6HI FJ6GI:GAN 6C9 :HI>B6I:9 JH>C< 6 B6G@:I
76H:9 K6AJ6I>DC 6EEGD68= I=6I B6N >C8AJ9: 6EEG6>H6AH	 9:6A:G 6C9 6J8I>DC
FJDI6I>DCH	IG69:EJ7A>86I>DCH	6C9DI=:GG:A:K6CIB6G@:I96I6	69?JHI:9;DG8DAA6I:G6A8DC9>I>DC	B6G@:IIG:C9H	6C9A>FJ>96I>DC
6HHJBEI>DCH"C688DG96C8:L>I=,
	6>G/6AJ:&:6HJG:B:CIH	I=:8DAA6I:G6A9:E:C9:CIAD6CH6C9A:6H:HI=:BH:AK:H6G:
86GG>:96I6BDGI>O:98DHI6C96G:CDI8A6HH>;>:9L>I=>CI=:;6>GK6AJ:=>:G6G8=N!DL:K:G	8DAA6I:G6A9:E:C9:CIAD6CH6C9A:6H:H
;DGL=>8=6C6AADL6C8:;DGAD6C6C9A:6H:ADHH=6H7::C:HI67A>H=:976H:9DCI=:;6>GK6AJ:D;8DAA6I:G6AG:FJ>G:8A6HH>;>86I>DC>C
I=:;6>GK6AJ:=>:G6G8=N
-=:DBE6CN=6H:HI67A>H=:9&,+HK6AJ6I>DCEDA>8>:H6C9EGD8:9JG:H76H:9DC>C9JHIGNHI6C96G9H	9:H>DCB:I=D9DAD<>:H6G:6EEA>:98DCH>HI:CIAN6C9G:HJAI>C<;6>GK6AJ:B:6HJG:B:CIH6G:K:G>;>67A:&,+H6G:688DJCI:9;DG
6II=:ADL:GD;8DHIDG;6>GK6AJ:DGEJGEDH:HD;>BE6>GB:CI6HH:HHB:CI	&,+H6G:HIG6I>;>:976H:9DCI=:EG:9DB>C6CIG>H@
8=6G68I:G>HI>8H D; I=: JC9:GAN>C< H:GK>8>C< 6HH:IH	 EG>C8>E6AAN 7N AD6C INE: -=: ;6>G K6AJ: D; :68= IG6C8=: D; I=: H:GK>8>C<
EDGI;DA>D>H:HI>B6I:97N86A8JA6I>C<I=:EG:H:CIK6AJ:D;:ME:8I:9;JIJG:C:IH:GK>8>C<86H=;ADLH	I6@>C<>CID8DCH>9:G6I>DC
68IJ6A 6C9 :ME:8I:9 BDGI<6<: AD6C EG:E6NB:CI G6I:H	 9>H8DJCI G6I:H	 H:GK>8>C< 8DHIH	 6C9 DI=:G G:A:K6CI :8DCDB>8 ;68IDGH
)G:E6NB:CIG6I:H6C99>H8DJCIG6I:H6G:9:G>K:9I=GDJ<=6I=>G9
E6GINEG>8>C<6<:CI=6C<:H>CI=:BDHIH>;>86CIK6AJ6I>DC
>CEJIH	>C8AJ9>C<EG:E6NB:CIG6I:H6C99>H8DJCIG6I:H	6G::K6AJ6I:9>CG:A6I>DCID8=6C<:H>CI=:;6>GK6AJ:B:6HJG:B:CIH6C96C
6EEGDEG>6I: G:HDAJI>DC >H B69: "C 699>I>DC	 6C >C9:E:C9:CI I=>G9
E6GIN ;6>G K6AJ: 6C6ANH>H >H D7I6>C:9 6C9 8DBE6G:9 ID I=:
DBE6CNXH>CI:GC6AK6AJ6I>DC;DGG:6HDC67A:C:HH&,+H9DCDIIG69:>C6C68I>K:	DE:CB6G@:IL>I=G:69>AND7H:GK67A:EG>8:H	
6C9 L=>A: &,+ H6A:H 9D D88JG	 I=: HE:8>;>8 I:GBH 6C9 8DC9>I>DCH 6G: CDI INE>86AAN EJ7A>8AN 6K6>A67A: 88DG9>CHI>8HD;I=:DBE6CNXHH:GK>8>C<EDGI;DA>DB6N9>;;:G;GDBI=DH:D;DI=:G&,+H:GK>8>C<EDGI;DA>DHI=6I9DIG69:
(I=:GG:6A:HI6I:>H86GG>:96I;6>GK6AJ:A:HH:HI>B6I:98DHIHIDH:AA6>GK6AJ:>H9:I:GB>C:9EG>B6G>ANJH>C<6EEG6>H6AH6C9
G:;A:8IH6B6G@:IK6AJ:6EEGD68=6>GK6AJ:H6G:G:K>:L:9FJ6GI:GAN6C9C:L6EEG6>H6AH6G:D7I6>C:96CCJ6AAN+:EDHH:HH>DCH
6G:H>B>A6GANK6AJ:9
DG6HH:IHB:6HJG:96I;6>GK6AJ:DC6CDCG:8JGG>C<76H>HI=:;DAADL>C<G:EG:H:CIH>BE6>GB:CI8=6G<:HG:8DK:G>:HG:8DO:9
DCI=:H:6HH:IH9JG>C<I=:N:6G:C9:9:8:B7:G	
6C9
	G:HE:8I>K:AN8DAA6I:G6A9:E:C9:CIAD6CH6C9A:6H:H


B>AA>DC6C9
B>AA>DC&,+H



B>AA>DC6C9


B>AA>DCG:EDHH:HH>DCH


B>AA>DC6C9

B>AA>DC	6C9DI=:G
G:6A:HI6I:



B>AA>DC6C9


B>AA>DC

Q
,+

DGB
$

-=:;DAADL>C<I67A:H=DLHI=:86GGN>C<K6AJ:D;6HH:IHB:6HJG:96I;6>GK6AJ:DC6CDC
G:8JGG>C<76H>H

!#$ %!&$ $
!5F5<
!5F5<
!5F5<
)?D1<
:8:B7:G	

DAA6I:G6A9:E:C9:CIAD6CH6C9A:6H:H

T

T

	

	
88GJ:9>C8DB:6C9DI=:G6HH:IHBDGI<6<:H:GK>8>C<G><=IH

T

T

	



	


88GJ:9>C8DB:6C9DI=:G6HH:IHG:EDHH:HH>DCH

T

T




-DI6A

T

T

	

	
:8:B7:G	

DAA6I:G6A9:E:C9:CIAD6CH6C9A:6H:H

T

T




88GJ:9>C8DB:6C9DI=:G6HH:IHBDGI<6<:H:GK>8>C<G><=IH

T

T

	

	
88GJ:9>C8DB:6C9DI=:G6HH:IHG:EDHH:HH>DCH

T

T




88GJ:9>C8DB:6C9DI=:G6HH:IHDI=:GG:6A:HI6I:

T

T






-DI6A

T

T

	

	
-=:;DAADL>C<I67A:7:ADLH=DLHI=:K6AJ6I>DCB:I=D9DADCEJIH;DG%:K:A6HH:IH6C9A>67>A>I>:HB:6HJG:9
6I;6>GK6AJ:DC6CDC
G:8JGG>C<76H>H

!#$ %!&$ $
1BBI9>7
+1"5D8?4??2C5BF12<5>@EDC
'1>75?6>@EDC
,5978D54
F5B175
:8:B7:G	

DAA6I:G6A9:E:C9:CIAD6CH
6C9A:6H:H
 	

	
DAA6I:G6A76H:9B:6HJG:B:CIH
>C8AJ9>C<6EEG6>H6AH	IG69:
EJ7A>86I>DCH	6C96J8I>DCK6AJ:H
>H8DJCI;DGA68@D;
B6G@:I67>A>IN6C98JGG:CI
8DC9>I>DCH




&DGI<6<:H:GK>8>C<G><=IH

	



	
>H8DJCI:986H=;ADLH
DCHI6CIEG:E6NB:CIG6I:
)+



>H8DJCIG6I:





+:EDHH:HH>DCH




EEG6>H6AH	IG69:EJ7A>86I>DCH
6C96J8I>DCK6AJ:H
>H8DJCI;DGA68@D;
B6G@:I67>A>IN






:8:B7:G	

DAA6I:G6A9:E:C9:CIAD6CH
6C9A:6H:H




DAA6I:G6A76H:9B:6HJG:B:CIH
>C8AJ9>C<6EEG6>H6AH	IG69:
EJ7A>86I>DCH	6C96J8I>DCK6AJ:H
>H8DJCI;DGA68@D;
B6G@:I67>A>IN6C98JGG:CI
8DC9>I>DCH





&DGI<6<:H:GK>8>C<G><=IH

	

	

>H8DJCI:986H=;ADLH
DCHI6CIEG:E6NB:CIG6I:
)+




>H8DJCIG6I:



+:EDHH:HH>DCH





EEG6>H6AH	IG69:EJ7A>86I>DCH
6C96J8I>DCK6AJ:H
>H8DJCI;DGA68@D;
B6G@:I67>A>IN





(I=:GG:6A:HI6I:







EEG6>H6AH
>H8DJCI;DGA68@D;
B6G@:I67>A>IN




 ) G:FJ>G:H 9>H8ADHJG: D; I=: ;6>G K6AJ: D; ;>C6C8>6A 6HH:IH 6C9 ;>C6C8>6A A>67>A>I>:H	 >C8AJ9>C< I=DH: ;>C6C8>6A 6HH:IH 6C9
;>C6C8>6AA>67>A>I>:HI=6I6G:CDIB:6HJG:96C9G:EDGI:96I;6>GK6AJ:DC6G:8JGG>C<DGCDC
G:8JGG>C<76H>H

Q
,+

DGB
$

-=:;DAADL>C<I67A:H=DLHI=:;6>GK6AJ:HD;I=:DBE6CNXH;>C6C8>6A>CHIGJB:CIH

!#$ %!&$ $
1BBI9>7?B
?>DB13D+1CI:G:HI7:6G>C<9:EDH>IHL>I=DI=:G76C@H


	



	



	


T

T
(I=:G>CK:HIB:CIH

	


	


	


T

T
%D6CH6C9A:6H:H	C:ID;6AADL6C8:;DGAD6C6C9A:6H:ADHH:H

		

		


T

T

		

88GJ:9>CI:G:HIG:8:>K67A:

	

	

T

	

T
%>67>A>I>:H
:EDH>IH

		

		

		

		

T
,=DGI
I:GB7DGGDL>CANG:9::B67A:H:8JG>I>:H

	


	

T

	

T
,J7DG9>C6I:9CDI:H

	

	


T

	


T
88GJ:9>CI:G:HIE6N67A:

	

	

T

	

T
(;;
76A6C8:
H=::I>CHIGJB:CIH

T



T



T
:8:B7:G	

HH:IH
6H=6C99J:;GDB76C@H

	

	

	

T

T
:9:G6A;JC9HHDA96C9>CI:G:HI7:6G>C<9:EDH>IHL>I=DI=:G76C@H

	

	

	

T

T
(I=:G>CK:HIB:CIH

	

	

	

T

T
%D6CH6C9A:6H:H	C:ID;6AADL6C8:;DGAD6C6C9A:6H:ADHH:H

		

	
	


T

T

	
	

88GJ:9>CI:G:HIG:8:>K67A:

	


	


T

	


T
%>67>A>I>:H
:EDH>IH

	
	


		

	
	


		


T
,=DGI
I:GB7DGGDL>CANG:9::B67A:H:8JG>I>:H

	

	

T

	

T
,J7DG9>C6I:9CDI:H

	

	


T

	


T
88GJ:9>CI:G:HIE6N67A:

	

	

T

	

T
(;;
76A6C8:
H=::I>CHIGJB:CIH

T



T



T
+:EG:H:CIH:HI>B6I:986H=DJI;ADLHG:FJ>G:9ID8JGG:CIANH:IIA:I=:D7A><6I>DCH6I8JGG:CIB6G@:IG6I:H
-=:H::HI>B6I:H9DCDIG:;A:8I6CNEG:B>JBDG9>H8DJCII=6I8DJA9G:HJAI;GDBD;;:G>C<;DGH6A:6IDC:I>B:I=:DBE6CNXH:CI>G:
=DA9>C8JA6G;>C6C8>6A>CHIGJB:CI-=:H::HI>B6I:H6G:HJ7?:8I>K:>CC6IJG:6C9G:FJ>G:8DCH>9:G67A:?J9CI:GEG:IB6G@:I96I688DG9>CB6I:HEG:H:CI:9=:G:>C6G:CDIC:8:HH6G>AN>C9>86I>K:D;I=:6BDJCIHI=:DBE6CN
8DJA9G:6A>O:>C68JGG:CIB6G@:I:M8=6C<:	CDG6G:I=:N>CI:C9:9IDG:EG:H:CII=:;6>GK6AJ:D;I=:DBE6CN6H6L=DA:-=:JH:
D; 9>;;:G:CI B6G@:I 6HHJBEI>DCH 6C9DG :HI>B6I>DC B:I=D9DAD<>:H B6N =6K: 6 B6I:G>6A :;;:8I DC I=: :HI>B6I:9 ;6>G K6AJ:
6BDJCIH -=: ;6>G K6AJ: :HI>B6I:H EG:H:CI:9 =:G:>C 6G: 76H:9 DC E:GI>C:CI >C;DGB6I>DC 6K6>A67A: ID B6C6<:B:CI 6H D; I=:
G:HE:8I>K:76A6C8:H=::I96I:AI=DJ<=I=:DBE6CN>HCDI6L6G:D;6CN;68IDGHI=6ILDJA9H>;>86CIAN6;;:8II=::HI>B6I:9
;6>GK6AJ:6BDJCIH	HJ8=6BDJCIH=6K:CDI7::C8DBEG:=:CH>K:ANG:K6AJ:9H>C8:I=:EG:H:CI6I>DC96I:H	6C9I=:G:;DG:	:HI>B6I:H
D;;6>GK6AJ:6;I:GI=:76A6C8:H=::I96I:B6N9>;;:GH>;>86CIAN;GDBI=:6BDJCIHEG:H:CI:9=:G:>C
(I=:GH>;>86CI6HH:IH	HJ8=6HEG:B>H:H6C9:FJ>EB:CI	DI=:G6HH:IH	6C9A>67>A>I>:HCDI9:;>C:96H;>C6C8>6A>CHIGJB:CIH	6G:
CDI>C8AJ9:9>CI=:67DK:9>H8ADHJG:HAHD	I=:;6>GK6AJ::HI>B6I:H;DG9:EDH>IH9DCDI>C8AJ9:I=:7:C:;>II=6IG:HJAIH;GDBI=:
ADL
8DHI;JC9>C<EGDK>9:97NI=:9:EDH>IA>67>A>I>:H8DBE6G:9IDI=:8DHID;7DGGDL>C<;JC9H>CI=:B6G@:I
#?D5

K(57=5>D>6?B=1D9?>
-=:DBE6CN=6HDC:G:EDGI67A:DE:G6I>C<H:6A76C@>C<0=>A:DJG8=>:;DE:G6I>C<9:8>H>DCB6@:GBDC>IDGH
G:K:CJ:HIG:6BHD;K6G>DJHEGD9J8IH6C9H:GK>8:H	I=:>9:CI>;>67A:H:DCH6G:B6C6<:9	6C9;>C6C8>6AE:G;DGB6C8:
>H :K6AJ6I:9 DC 6 8DBE6CN
L>9: 76H>H -=: 8DBB:G8>6A 76C@>C< H:9:H 6 7GD69 6GG6N D; ;>C6C8>6A EGD9J8IH 6C9
H:GK>8:H>C8AJ9>C<8DBB:G8>6A6C98DCHJB:G76C@>C<H:GK>8:H	IGJHI6C9L:6AI=69K>HDGNH:GK>8:H	6C9>CHJG6C8:ID>C9>K>9J6A
6C9 7JH>C:HH 8A>:CIH I=GDJ<= BDHI D; >IH  76C@>C< 8:CI:G AD86I>DCH >C  8DJCI>:H >C "C9>6C6 6C9 &>8=><6C 6C9 ,6G6HDI6
DJCIN>CADG>96
-=: 688DJCI>C< EDA>8>:H D; I=: 8DBB:G8>6A 76C@>C< H:7:9 >C 'DI:  D; I=: 'DI:H ID
DCHDA>96I:9 >C6C8>6A ,I6I:B:CIH -=: 8=>:; DE:G6I>C< 9:8>H>DC B6@:G 6HH:HH:H E:G;DGB6C8: ;DG I=: 8DBB:G8>6A 76C@>C<

Q
,+

DGB
$

H:9:H=DLID6AAD86I:G:HDJG8:H76H:9DCC:I>C8DB:6K6>A67A:ID8DBBDCH=6G:=DA9:GHL=>8=>H6AHDG:EDGI:9
DCI=:DCHDA>96I:9,I6I:B:CIHD;"C8DB:6HC:I>C8DB:6K6>A67A:ID8DBBDCH=6G:=DA9:GH-=:B:6HJG:D;H:H
G:EDGI:9DCI=:DCHDA>96I:9,I6I:B:CIHD;>C6C8>6ADC9>I>DC6HIDI6A6HH:IH
-=: 8=>:; DE:G6I>C< 9:8>H>DC B6@:G JH:H C:I >C8DB: 6K6>A67A: ID 8DBBDC H=6G:=DA9:GH ID :K6AJ6I: >C8DB: <:C:G6I:9 ;GDB
H:C 9:8>9>C< L=:I=:G ID G:>CK:HI EGD;>IH >CID I=: 8DBB:G8>6A 76C@>C< H:K>9:C9H	 DG ;JC9
68FJ>H>I>DCH ':I >C8DB: 6K6>A67A: ID 8DBBDC H=6G:=DA9:GH >H 6AHD JH:9 7N I=: 8=>:; DE:G6I>C< 9:8>H>DC B6@:G ID BDC>IDG
7J9<:IK:GHJH68IJ6AG:HJAIH':I>C8DB:6K6>A67A:ID8DBBDCH=6G:=DA9:GH6HL:AA6HDI=:G8DBBDC8DBE6CN
L>9:;>C6C8>6A
E:G;DGB6C8:6C98G:9>IFJ6A>INB:IG>8HHJ8=6H:6GC>CCI:G:HIB6G<>C	6BDC<DI=:GH	6G:JH:9;DG
8DBE:I>I>K: 6C6ANH>H 7N 7:C8=B6G@>C< ID I=: DBE6CNXH 8DBE:I>IDGH 6H L:AA 6H JH:9 >C 6HH:HH>C< I=: E:G;DGB6C8: D; I=:
H:H=>C< B6C6<:B:CIXH 8DBE:CH6I>DC ,:: I=: DCHDA>96I:9 ,I6I:B:CIH D; >C6C8>6A DC9>I>DC	 I=:
DCHDA>96I:9 ,I6I:B:CIH D; "C8DB:	 I=: DCHDA>96I:9 ,I6I:B:CIH D; DBEG:=:CH>K: "C8DB: %DHH	 I=: DCHDA>96I:9
,I6I:B:CIHD;,=6G:=DA9:GHXFJ>IN	6C9I=:DCHDA>96I:9,I6I:B:CIHD;6H=ADLH
-=:DBE6CNXH8=>:;DE:G6I>C<9:8>H>DCB6@:G>HI=:,IG6I:<>8:EADNB:CIDBB>II::L=>8=>C8AJ9:HI=:M:8JI>K:=6>GB6C
D;I=:D6G9	I=:)G:H>9:CI6C9=>:;M:8JI>K:(;;>8:G	I=:)G:H>9:CID;HI,DJG8:6C@	I=:=>:;>C6C8>6A(;;>8:G	6C9
H:K:G6A GDJE>K>H>DC!:69HI=6IG:EDGI9>G:8IANIDI=:=>:;M:8JI>K:(;;>8:GDGI=:)G:H>9:CID;HI,DJG8:6C@
#?D5
KCD(?EB35?B@?B1D9?>%1B5>D?=@1>I$>1>391<>6?B=1D9?>
,--&'-,("''"%('"-"('
535=25B 
!#$ %!&$ $






,,-,
6H=6C986H=:FJ>K6A:CIH

	

	
,=DGI
I:GB>CK:HIB:CIHL>I=76C@HJ7H>9>6GN








"CK:HIB:CIH>C
6C@HJ7H>9>6G>:H

		

	
	
'DC
76C@HJ7H>9>6G>:H




+><=ID;JH:6HH:IH

	

	
(I=:G6HH:IH

	

	


-DI6A6HH:IH

		

		

%""%"-",',!+!(%+,X*."-2
%DC<
I:GB9:7I6C9B6C96IDG>ANG:9::B67A:H:8JG>I>:H

	


	
,J7DG9>C6I:9CDI:H

	

	
(E:G6I>C<A:6H:A>67>A>IN

	

	
(I=:GA>67>A>I>:H

	

	

-DI6AA>67>A>I>:H


	


	
-DI6AH=6G:=DA9:GHX:FJ>IN

		

		

-DI6AA>67>A>I>:H6C9H=6G:=DA9:GHX:FJ>IN

		

		


Q
,+

DGB
$

,--&'-,("'(&'(&)+!',"/"'(&
.51B>454535=25B
!#$ %!&$ $









"C8DB:
>K>9:C9H;GDB76C@HJ7H>9>6GN

	

	


	
+:CI6A>C8DB:;GDBHJ7H>9>6G>:H

	

	

	
"CK:HIB:CIH:8JG>I>:H6C9DI=:G>CK:HIB:CI<6>CH






(I=:G







-DI6A>C8DB:


	

	

	
ME:CH:H
"CI:G:HIDCHJ7DG9>C6I:9CDI:H

	


	

	
"CI:G:HIDCADC<
I:GB9:7I6C9B6C96IDG>ANG:9::B67A:H:8JG>I>:H

	

	



	

"CI:G:HIDC8DBB:G8>6AE6E:G6C9DI=:GH=DGI
I:GB7DGGDL>CC8DB:I6M7:C:;>I6C9:FJ>IN>CJC9>HIG>7JI:9>C8DB:D;HJ7H>9>6G>:H

	

	

	

"C8DB:I6M7:C:;>I

	

	

	
"C8DB:7:;DG::FJ>IN>CJC9>HIG>7JI:9>C8DB:D;HJ7H>9>6G>:H


	

	

	
FJ>IN>CJC9>HIG>7JI:9>C8DB:D;HJ7H>9>6G>:H
6C@HJ7H>9>6G>:H

	

	

	
':I>C8DB:

	

	

	
DBEG:=:CH>K:>C8DB:ADHH


	

	


	

,--&'-,(,!%(0,
.51B>454535=25B
!#$ %!&$ $









(E:G6I>C<68I>K>I>:H
':I>C8DB:

	

	

	
9?JHIB:CIHIDG:8DC8>A:C:I>C8DB:IDC:I86H=EGDK>9:97NDE:G6I>C<68I>K>I>:H
FJ>INJC9>HIG>7JI:99>HIG>7JI:9>C:M8:HHD;>C8DB:D;HJ7H>9>6G>:H

	 
	 
	
BDGI>O6I>DCD;G><=ID;JH:6HH:IH

	

	

	
,ID8@
76H:98DBE:CH6I>DC






+:6A>O:9JCG:6A>O:9>CK:HIB:CIH:8JG>I>:H6C9DI=:G>CK:HIB:CI<6>CH

 
 

(I=:G

	


	

	
':I8=6C<:>CDE:G6I>C<68I>K>I>:H

	

	

	
"CK:HI>C<68I>K>I>:H
':I8=6C<:>CE6GIC:GH=>E>CK:HIB:CIH


 




':I8=6C<:>C>CK:HI>C<68I>K>I>:H


 




>C6C8>C<68I>K>I>:H
':I8=6C<:>C8DBB:G8>6AE6E:G

T

T

	

)GD8::9H;GDB>HHJ6C8:D;ADC<
I:GB9:7I6C9B6C96IDG>ANG:9::B67A:H:8JG>I>:H

	

	

	

)6NB:CIHDCADC<
I:GB9:7I6C9B6C96IDG>ANG:9::B67A:H:8JG>I>:H

	
 
	 
	
,ID8@>HHJ:9JC9:GHID8@EJG8=6H:EA6CH






':IEGD8::9H;GDB>HHJ6C8:D;IG:6HJGNHID8@

	



	


	
8FJ>H>I>DCD;IG:6HJGNHID8@

	
 
 
	
6H=9>K>9:C9HE6>9DC8DBBDCHID8@

	
 
	 
	

':I8=6C<:>C;>C6C8>C<68I>K>I>:H

	
 

	 
	
':I8=6C<:>C86H=6C986H=:FJ>K6A:CIH

	


	




	
6H=6C986H=:FJ>K6A:CIH	7:<>CC>C<D;N:6G

	


	


	
6H=6C986H=:FJ>K6A:CIH	:C9D;N:6G

	

	


	

Q
,+

DGB
$

D5=	81>75C9>1>49C17B55=5>DCG9D833?E>D1>DC?>33?E>D9>71>49>1>391<9C3DB?4%B?354EB5C	
HI,DJG8:86GG>:9DJI6C:K6AJ6I>DC	JC9:GI=:HJE:GK>H>DC6C9L>I=I=:E6GI>8>E6I>DCD;DJGB6C6<:B:CI	>C8AJ9>C<I=:=>:;
M:8JI>K:(;;>8:G6C9=>:;>C6C8>6A(;;>8:G	D;I=::;;:8I>K:C:HHD;I=:9:H>DCD;DJG9>H8ADHJG:8DCIGDAH6C9
EGD8:9JG:H6H9:;>C:9>C+JA:6
:JC9:GI=:,:8JG>I>:HM8=6C<:8ID;EJGHJ6CIIDM8=6C<:8I+JA:6

6H:9JEDCI=6I:K6AJ6I>DC	I=:=>:;M:8JI>K:(;;>8:G6C9=>:;>C6C8>6A(;;>8:G8DC8AJ9:9I=6I	6I:8:B7:G	
	DJG
9>H8ADHJG:8DCIGDAH6C9EGD8:9JG:HL:G::;;:8I>K:>C:CHJG>C<I=6I>C;DGB6I>DCG:FJ>G:9ID7:9>H8ADH:97NHI,DJG8:>CG:EDGIH
I=6I >I ;>A:H DG HJ7B>IH JC9:G I=: M8=6C<: 8I >H G:8DG9:9	 EGD8:HH:9	 HJBB6G>O:9 6C9 G:EDGI:9 L>I=>C I=: I>B: E:G>D9H
HE:8>;>:9>CI=:,:8JG>I>:H6C9M8=6C<:DBB>HH>DCXHGJA:H6C9;DGBH6C96G:9:H>C;DGB6I>DCG:FJ>G:9ID
7: 9>H8ADH:9 >C I=DH: G:EDGIH >H 688JBJA6I:9 6C9 8DBBJC>86I:9 ID B6C6<:B:CI 6H 6EEGDEG>6I: ID 6AADL I>B:AN 9:8>H>DCH
G:<6G9>C<G:FJ>G:99>H8ADHJG:
"C699>I>DC	I=:G:L:G:CD8=6C<:H>CDJG>CI:GC6A8DCIGDADK:G;>C6C8>6AG:EDGI>C<6H9:;>C:9>CM8=6C<:8I+JA:6
;
9JG>C<I=:;DJGI=;>H86AFJ6GI:GD;
I=6I=6K:B6I:G>6AAN6;;:8I:9	DG6G:G:6HDC67ANA>@:ANIDB6I:G>6AAN6;;:8I	DJG>CI:GC6A
8DCIGDAHDK:G;>C6C8>6AG:EDGI>C<
"#"#)'%$')$##)'#!$#)'$!$+'##!'%$')#
&6C6<:B:CID;HI,DJG8:DGEDG6I>DCUHI,DJG8:V>HG:HEDCH>7A:;DG:HI67A>H=>C<6C9B6>CI6>C>C<69:FJ6I:>CI:GC6A8DCIGDA
DK:G;>C6C8>6AG:EDGI>C<HI,DJG8:XH>CI:GC6A8DCIGDADK:G;>C6C8>6AG:EDGI>C<>C8AJ9:HEDA>8>:H6C9EGD8:9JG:HE:GI6>C>C<IDHI
,DJG8:XH67>A>INIDG:8DG9	EGD8:HH	6C9G:EDGIG:A>67A:>C;DGB6I>DC8I>DCH6G:I6@:CID8DGG:8I6CN9:;>8>:C8>:H6HI=:N6G:
>9:CI>;>:9 I=GDJ<= >CI:GC6A 6C9 :MI:GC6A 6J9>IH	 G:C6I>DCH 7N 76C@ G::H	 HI ,DJG8:XH ;DGB6A G>H@
B6C6<:B:CIEGD8:HH	6C9DI=:GB:6CHHI,DJG8:XH>CI:GC6A8DCIGDAHNHI:B>H9:H>9:G:6HDC67A:6HHJG6C8:IDHI
,DJG8:XHB6C6<:B:CI6C9D6G9D;>G:8IDGHG:<6G9>C<I=:EG:E6G6I>DC6C9;6>GEG:H:CI6I>DCD;HI,DJG8:XHEJ7A>H=:9;>C6C8>6A
HI6I:B:CIH
AA>CI:GC6A8DCIGDAHNHI:BH	CDB6II:G=DLL:AA9:H>C=:G:CIA>B>I6I>DCH-=:G:;DG:	:K:CI=DH:HNHI:BH9:I:GB>C:9
ID7::;;:8I>K:86CEGDK>9:DCANG:6HDC67A:6HHJG6C8:L>I=G:HE:8IID;>C6C8>6AHI6I:B:CIEG:E6G6I>DC6C9EG:H:CI6I>DCJGI=:G	
7:86JH:D;8=6C<:H>C8DC9>I>DCH	I=::;;:8I>K:C:HHD;>CI:GC6A8DCIGDAB6NK6GNDK:GI>B:
HI,DJG8:XHB6C6<:B:CI6HH:HH:9I=::;;:8I>K:C:HHD;>CI:GC6A8DCIGDADK:G;>C6C8>6AG:EDGI>C<6HD;:8:B7:G	
"C
B6@>C<I=>H6HH:HHB:CI	B6C6<:B:CIJH:9I=:8G>I:G>6H:I;DGI=7NI=:DBB>II::D;,EDCHDG>C<(G<6C>O6I>DCHD;I=:-G:69L6N
DBB>HH>DC(,(>C(. ,(&)(.,)&5(. ",. ,' 1),%
;G6B:LDG@6H:9DCB6C6<:B:CIXH6HH:HHB:CI	HI
,DJG8:7:A>:K:HI=6I	6HD;:8:B7:G	
	HI,DJG8:XH>CI:GC6A8DCIGDADK:G;>C6C8>6AG:EDGI>C<>H:;;:8I>K:76H:9DCI=DH:
8G>I:G>6
DGK>H &6O6GH %%)	 >C9:E:C9:CI G:<>HI:G:9 EJ7A>8 688DJCI>C< ;>GB	 L=>8= 6AHD 6J9>I:9 HI ,DJG8:XH 8DCHDA>96I:9 ;>C6C8>6A
HI6I:B:CIH;DGI=:N:6G:C9:9:8:B7:G	
	=6H>HHJ:96C6II:HI6I>DCG:EDGIDCB6C6<:B:CIXH6HH:HHB:CID;HI,DJG8:XH
>CI:GC6A8DCIGDADK:G;>C6C8>6AG:EDGI>C<-=>HG:EDGI6EE:6GHDCE6<:

N
H'+ ,!(+-
C9G:6 ,=DGI	=>:;M:8JI>K:(;;>8:G
N
H+--.+
G:II6J:G	-G:6HJG:G6C9=>:;>C6C8>6A(;;>8:G
,DJI=:C9	"C9>6C6
D5=	$D85B>6?B=1D9?>	
JG>C<I=:I=G::BDCI=H:C9:9:8:B7:G	
	I=:G:L:G:CDU+JA:
7
IG69>C<EA6CHVDGUCDC
+JA:
7
IG69>C<
6GG6C<:B:CIHV69DEI:9	BD9>;>:9DGI:GB>C6I:97N6CN9>G:8IDGDGD;;>8:GD;I=:DBE6CN6H:68=I:GB>H9:;>C:9>C"I:B

6D;+:DC,
$
D5=	9C37?B597>EB9C493D9?>CD81D%B5F5>D>C@53D9?>C	
'DC:

Q
,+

DGB
$

%1BD
D5=	9B53D?BCH53ED9F5$66935BC1>4?B@?B1D5?F5B>1>35	
-=: >C;DGB6I>DC JC9:G I=: 86EI>DC U)GDEDH6A 'JB7:G  A:8I>DC D; >G:8IDGH	V UD6G9 DBB>II::H 6C9 (I=:G DGEDG6I:
 DK:GC6C8:&6II:GH	V6C9U:A>CFJ:CI,:8I>DC6+:EDGIHVD;I=:
)GDMN,I6I:B:CI>H>C8DGEDG6I:9=:G:>C7NG:;:G:C8:
D5=	H53ED9F5?=@5>C1D9?>	
-=:>C;DGB6I>DCJC9:GI=:86EI>DCUDBE:CH6I>DC>H8JHH>DCC6ANH>HVD;I=:
)GDMN,I6I:B:CI>H>C8DGEDG6I:9=:G:>C
7NG:;:G:C8:
D5=
	(53EB9DI$G>5BC89@?65BD19>5>569391<$G>5BC1>4"1>175=5>D1>4'5<1D54(D?3;8?<45B"1DD5BC	
-=:>C;DGB6I>DCJC9:GI=:86EI>DCU/DI>C<,:8JG>I>:H6C9)G>C8>E6A!DA9:GH-=:G:D;V6C9U)GDEDH6A'JB7:GA:8I>DCD;
>G:8IDGHVD;I=:
)GDMN,I6I:B:CI>H>C8DGEDG6I:9=:G:>C7NG:;:G:C8:
-=:;DAADL>C<I67A:H=DLHFJ>INDBE:CH6I>DC)A6C"C;DGB6I>DC6HD;:8:B7:G	


#E=25B?6(53EB9D95CD?25
CCE54E@?>H5B39C5?6
$EDCD1>49>7$@D9?>C
,1BB1>DC1>4'978DC
,5978D541F5B175
H5B39C5%B935?6
$EDCD1>49>7$@D9?>C
,1BB1>DC1>4'978DC
#E=25B?6(53EB9D95C
'5=19>9>7F19<12<5
6?BEDEB5CCE1>35
*>45BAE9DI
?=@5>C1D9?>%<1>C
/5H37C53EB9D95C
B56<53D549>3?0
FJ>IN8DBE:CH6I>DCEA6CH6EEGDK:97NH=6G:=DA9:GH

,ID8@(EI>DC)A6C

T

T


	



BEADN::,ID8@)JG8=6H:)A6C

	





	

M:8JI>K:"C8:CI>K:)A6C

T

T


	 
+:HIG>8I:9,ID8@L6G9)A6C

T

T

	 
,IG6I:<>8:EADNB:CI"C8:CI>K:)A6C

T

T

	 
-DI6AEA6CH6EEGDK:97NH=6G:=DA9:GH

	




	
FJ>IN8DBE:CH6I>DCEA6CHCDI6EEGDK:97N
H=6G:=DA9:GH
>G:8IDG+:I6>C:G,ID8@)A6C

T

T

	
-DI6A:FJ>IN8DBE:CH6I>DCEA6CH

	


T

	

-=:M:8JI>K:DBE:CH6I>DC6C9!JB6C+:HDJG8:HDBB>II::D;I=:HI,DJG8:DGEDG6I>DCD6G9D;>G:8IDGHB6N>HHJ:JC9:GI=:M:8JI>K:
"C8:CI>K:)A6CCDIBDG:I=6C

>C6CNDC:86A:C96GN:6GD;DJG8DBBDCHID8@DJIHI6C9>C<6II=:7:<>CC>C<D;HJ8=N:6G

BDJCI>HID7:6L6G9:97NC>HI:G:97NI=:M:8JI>K:DBE:CH6I>DC6C9!JB6C+:HDJG8:HDBB>II::D;I=:HI,DJG8:DGEDG6I>DCD6G9
D;>G:8IDGH

BDJCI>C8AJ9:HB6G@:IK6AJ:HID8@DCANDD@K6AJ:H=6G:HJH:9;DG6CCJ6A6L6G9HB6NDCAN7:HDA9IDHI,DJG8:

.C9:GI=>HEA6C6C:A><>7A:9>G:8IDGB6N:A:8IIDG:8:>K:=>HDG=:G6CCJ6AG:I6>C:GDG6CCJ6A;::H>CI=:;DGBD;H=6G:HD;DJG8DBBDCHID8@
D5=	5BD19>'5<1D9?>C89@C1>4'5<1D54)B1>C13D9?>C1>49B53D?B>45@5>45>35	
-=: >C;DGB6I>DC JC9:G I=: 86EI>DC U)GDEDH6A 'JB7:G  A:8I>DC D; >G:8IDGHV	 UD6G9 DBB>II::H 6C9 (I=:G DGEDG6I:
 DK:GC6C8: &6II:GH	V 6C9 U-G6CH68I>DCH L>I= +:A6I:9 ):GHDCHV D; I=: 
 )GDMN ,I6I:B:CI >H >C8DGEDG6I:9 =:G:>C 7N
G:;:G:C8:
D5=	%B9>39@1<33?E>D1>D55C1>4(5BF935C	
-=: >C;DGB6I>DC JC9:G I=: 86EI>DC U+:A6I>DCH=>E L>I= "C9:E:C9:CI +:<>HI:G:9 )J7A>8 88DJCI>C< >GBV D; I=: 
 )GDMN
,I6I:B:CI>H>C8DGEDG6I:9=:G:>C7NG:;:G:C8:

Q
,+

DGB
$

%1BD+
D5=	H8929DC1>49>1>391<(D1D5=5>D(3854E<5C	
6>C6C8>6A,I6I:B:CIH6C9,8=:9JA:H
-=:;DAADL>C<>C6C8>6A,I6I:B:CIH6C9,JEEA:B:CI6GN6I66G:;>A:96HE6GID;I=>H6CCJ6AG:EDGI
+:EDGIHD;"C9:E:C9:CI+:<>HI:G:9)J7A>888DJCI>C<>GB
DCHDA>96I:9,I6I:B:CIHD;>C6C8>6ADC9>I>DCT:8:B7:G	
6C9

DCHDA>96I:9,I6I:B:CIHD;"C8DB:T2:6GH:C9:9:8:B7:G	
	
	6C9

DCHDA>96I:9,I6I:B:CIHD;DBEG:=:CH>K:"C8DB:T2:6GH:C9:9:8:B7:G	
	
	6C9

DCHDA>96I:9,I6I:B:CIHD;,=6G:=DA9:GHXFJ>INT2:6GH:C9:9:8:B7:G	
	
	6C9

DCHDA>96I:9,I6I:B:CIHD;6H=ADLHT2:6GH:C9:9:8:B7:G	
	
	6C9

'DI:HIDDCHDA>96I:9>C6C8>6A,I6I:B:CIHT:8:B7:G	
	
	6C9

>C6C8>6AHI6I:B:CIH8=:9JA:HG:FJ>G:97NGI>8A:D;+:DC,
16G:CDIG:FJ>G:9JC9:GI=:G:A6I:9>CHIGJ8I>DCH	DG6G:
>C6EEA>867A:6C9	I=:G:;DG:	=6K:7::CDB>II:9

Q
,+

DGB
$

7M=>7>IHCJB7:G:9>C688DG96C8:L>I="I:B
D;+:DC,
$
6
GI>8A:HD;"C8DGEDG6I>DCD;+:<>HIG6CI	6B:C9:9EG>A
		;>A:96H:M=>7>IIDDGB
$	96I:9:8:B7:G	
	
6C9>C8DGEDG6I:9=:G:>C7NG:;:G:C8:
7
N
%6LH D; +:<>HIG6CI	 6H 6B:C9:9 (8ID7:G 	 
	 ;>A:9 6H :M=>7>I ID DGB 
*	 96I:9 ,:EI:B7:G 
	 
	 6C9
>C8DGEDG6I:9=:G:>C7NG:;:G:C8:
8
:GI>;>86I: D; :H>DCH ;DG ,:G>:H  )G:;:GG:9 ,ID8@	 96I:9 #6CJ6GN 	 

	 ;>A:9 6H :M=>7>I ID DGB 
$	 96I:9
#6CJ6GN	

	6C9>C8DGEDG6I:9=:G:>C7NG:;:G:C8:
6
DGB D; DBBDC ,ID8@ :GI>;>86I:H D; +:<>HIG6CI	 ;>A:9 6H :M=>7>I ID +:<>HIG6I>DC ,I6I:B:CI 

 6C9 >C8DGEDG6I:9
=:G:>C7NG:;:G:C8:
7
HI,DJG8:6H=IDI=:DBB>HH>DC	JEDCG:FJ:HI	68DEND;:68=>CHIGJB:CI9:;>C>C<I=:G><=IHD;=DA9:GHD;
,:C>DG6C9,J7DG9>C6I:99:7ID;HI,DJG8:
8
:H8G>EI>DCD;I=:DBE6CNXH,:8JG>I>:H	;>A:96H6C:M=>7>IIDDGB
*	96I:9,:EI:B7:G
	
6C9>C8DGEDG6I:9
=:G:>C7NG:;:G:C8:

6
BEADNB:CI HIDE=:G # &JGE=N """	 96I:9 (8ID7:G 	 
	 ;>A:9 6H :M=>7>I ID DGB 
$	 96I:9
,:EI:B7:G	
	6C9>C8DGEDG6I:9=:G:>C7NG:;:G:C8:

6
BEADNB:CIA:96H:M=>7>IIDDGB
$	96I:9,:EI:B7:G	

	6C9>C8DGEDG6I:9=:G:>C7NG:;:G:C8:

6
BEADNB:CI;;>I=	96I:9#6CJ6GN	

	;>A:96H:M=>7>IIDDGB
$	96I:9&6G8=	

	
6B:C9:9:7GJ6GN	
	;>A:96H:M=>7>IIDDGB
$	96I:9&6G8=	
	6C9>C8DGEDG6I:9=:G:>C7NG:;:G:C8:

6
BEADNB:CIA:96H6C:M=>7>IIDDGB
$	96I:9&6N	
	6C9
>C8DGEDG6I:9=:G:>C7NG:;:G:C8:

6
BEADNB:CIA:96H:M=>7>IIDDGB
$	96I:9,:EI:B7:G	

	6C9>C8DGEDG6I:9=:G:>C7NG:;:G:C8:

6
BEADNB:CIC&JGE=N96I:9(8ID7:G	
	;>A:96H:M=>7>IIDDGB
$	96I:9,:EI:B7:G	

	6C9>C8DGEDG6I:9=:G:>C7NG:;:G:C8:

7
HI ,DJG8: DGEDG6I>DC BEADN:: ,ID8@ )JG8=6H: )A6C 96I:9 EG>A 	 	 ;>A:9 6H :M=>7>I ID DGB 
$	 96I:9
:8:B7:G	
	6C9>C8DGEDG6I:9=:G:>C7NG:;:G:C8:

8
HI,DJG8:DGEDG6I>DCM:8JI>K:"C8:CI>K:)A6C	6B:C9:9(8ID7:G	
	;>A:96H6C:M=>7>IIDDGB
*	96I:9
,:EI:B7:G
	
	6B:C9:9#JAN	
	;>A:96H6C:M=>7>IIDDGB
*	96I:9#JC:
	
	6C9>C8DGEDG6I:9=:G:>C
7NG:;:G:C8:

9
HI,DJG8:DGEDG6I>DC+:HIG>8I:9,ID8@L6G9)A6C	6B:C9:9'DK:B7:G	
	;>A:96HM=>7>IID+:<>HIG6I>DC
,I6I:B:CIDCDGB,
'D

	;>A:9:7GJ6GN	
	6B:C9:9#JAN	
	;>A:96H6C:M=>7>IIDDGB
*	
96I:9#JC:
	
	6C9>C8DGEDG6I:9=:G:>C7NG:;:G:C8:

:
HI,DJG8:DGEDG6I>DC,IG6I:<>8:EADNB:CI"C8:CI>K:)A6C	6B:C9:9:7GJ6GN	
	;>A:96H:M=>7>IIDG:<>HIG6CIXH

9:;>C>I>K:EGDMNHI6I:B:CI	;>A:9&6G8=	
	6C9>C8DGEDG6I:9=:G:>C7NG:;:G:C8:

;
HI ,DJG8: DGEDG6I>DC 
 ,ID8@ (EI>DC )A6C	 6B:C9:9 'DK:B7:G 	 
	 ;>A:9 6H :M=>7>I ID DGB 
$	 96I:9
:8:B7:G	
	6C9>C8DGEDG6I:9=:G:>C7NG:;:G:C8:

<
HI ,DJG8: DGEDG6I>DC >G:8IDG +:I6>C:G ,ID8@ )A6C	 6B:C9:9 JA:9 6H :M=>7>I ID DGB 
*	 96I:9
,:EI:B7:G
	
	6C9>C8DGEDG6I:9=:G:>C7NG:;:G:C8:

HI,DJG8:DGEDG6I>DC"CH>9:G-G69>C<)DA>8N	6B:C9:9#JAN	
	;>A:9=:G:L>I=

Q
,+

DGB
$


,J7H>9>6G>:HD;+:<>HIG6CIJCA:HHDI=:GL>H:>C9>86I:9	:68=HJ7H>9>6GN9D:H7JH>C:HHJC9:G>IHDLCC6B:
#1=5
EB9C493D9?>
HI,DJG8:6C@
"C9>6C6
, >G8G6;I	"C8
;DGB:GAN@CDLC6H, FJ>EB:CI%:6H>C<	"C8
"C9>6C6
HI,DJG8:"CHJG6C8:	"C8
"C9>6C6
HI,DJG8:,E:8>6AIN>C6C8:	"C8
"C9>6C6
HI,DJG8:6E>I6ADGEDG6I>DC
"C9>6C6
-GJHI8DGE&DGI<6<:DBE6CN"C68I>K:
"C9>6C6
HI,DJG8:&6HI:G-GJHI
:A6L6G:
&>8=><6C-G6CHEDGI6I>DC>C6C8:DGEDG6I>DC
&>8=><6C
HI,DJG8:"CI:GB:9>6I:!DA9>C<	%%
:A6L6G:
HI,DJG8:JC9>C<	%%"C68I>K:
:A6L6G:
, DBB:G8>6A>G8G6;I%:6H>C<	"C8
"C9>6C6
, FJ>EB:CI%:6H>C<DGEDG6I>DC"
"C9>6C6
HI,DJG8:,DA6G	%%
:A6L6G:
HI,DJG8:,DA6G	%%
:A6L6G:
HI,DJG8:,DA6G	%%
:A6L6G:
HI,DJG8:,DA6G	%%
:A6L6G:
HI)DGI;DA>D&6C6<:B:CI	"C8
':K696
0=DAAN
DLC:9HJ7H>9>6G>:HD;HI,DJG8:6C@

DCH:CID;DGK>H&6O6GH	%%)	"C9:E:C9:CI+:<>HI:G:9)J7A>888DJCI>C<>GB

:GI>;>86I>DCD;C9G:6 ,=DGI	=>:;M:8JI>K:(;;>8:G+JA:6
6

:GI>;>86I>DCD;G:II6J:G	=>:;>C6C8>6A(;;>8:G+JA:6
6

:GI>;>86I>DCD;C9G:6 ,=DGI	=>:;M:8JI>K:(;;>8:G

:GI>;>86I>DCD;G:II6J:G	=>:;>C6C8>6A(;;>8:G

HI ,DJG8: DGEDG6I>DC )DA>8N +:A6I>C< ID +:8DK:GN D; GGDC:DJHAN L6G9:9 DBE:CH6I>DC	 6B:C9:9
(8ID7:G	
	;>A:96H6C:M=>7>IIDDGB
$96I:9:8:B7:G	
6C9>C8DGEDG6I:9=:G:>C7N
G:;:G:C8:

"',
1+%"CHI6C8:D8JB:CIT-=:>CHI6C8:9D8JB:CI9D:HCDI6EE:6G>CI=:>CI:G68I>K:96I6;>A:7:86JH:>IH
1+%I6I=>CI=:"CA>C:1+%9D8JB:CI

,!
1+%-6MDCDBNMI:CH>DC,8=:B6D8JB:CI

%
1+%-6MDCDBNMI:CH>DC6A8JA6I>DC%>C@76H:D8JB:CI

%
1+%-6MDCDBNMI:CH>DC%67:AH%>C@76H:D8JB:CI

)+
1+%-6MDCDBNMI:CH>DC)G:H:CI6I>DC%>C@76H:D8JB:CI


1+%-6MDCDBNMI:CH>DC:;>C>I>DC%>C@76H:D8JB:CI


DK:G)6<:"CI:G68I>K:6I6>A::B7:99:9L>I=>CI=:"CA>C:1+%9D8JB:CI6C9>C8AJ9:9>CM=>7>I

8>C6C8>6A,I6I:B:CI,8=:9JA:HT'DC:

Q
,+

DGB
$

D5=	?B= (E==1BI	
'DIEGDK>9:9
(97>1DEB5C
)JGHJ6CIIDI=:G:FJ>G:B:CIHD;,:8I>DCDG9D;I=:,:8JG>I>:HM8=6C<:8ID;	I=:G:<>HIG6CI=6H9JAN86JH:9I=>H
G:EDGIID7:H>IH7:=6A;7NI=:JC9:GH>O:9
CD($*'$'%$')$#
N
H'+ ,!(+-
C9G:6 ,=DGI	)G:H>9:CI
6C9=>:;M:8JI>K:(;;>8:G
6I::7GJ6GN	


Q
,+

DGB
$

)JGHJ6CI ID I=: G:FJ>G:B:CIH D; I=: ,:8JG>I>:H M8=6C<: 8I D; 	 I=>H G:EDGI =6H 7::C H>C<
E:GHDCHDC7:=6A;D;I=:G:<>HIG6CI6C9>CI=:86E68>I>:H6C9DCI=:96I:H>C9>86I:9
(97>1DEB5
)9D<5
1D5
H!+",-()!+#&.+)!2"""
M:8JI>K:=6>GB6CD;I=:D6G9
:7GJ6GN	

=G>HIDE=:G#&JGE=N"""
H'+ ,!(+-
)G:H>9:CI	=>:;M:8JI>K:(;;>8:G	
:7GJ6GN	

C9G:6 ,=DGI
6C9>G:8IDG
H+--.+
-G:6HJG:G	=>:;>C6C8>6A(;;>8:G	
:7GJ6GN	

G:II6J:G
6C9)G>C8>E6A88DJCI>C<(;;>8:G
H+"',.
,:8G:I6GN6C9 :C:G6ADJCH:A
:7GJ6GN	

G>6C,J76
H#(!'%$
 +/,
>G:8IDG
:7GJ6GN	

#D=C;;A:8@
 G6K:H
H&%(2"+&"' !&
>G:8IDG
:7GJ6GN	

&:AD9N>GB>C<=6B
H'"%"-3)-+"$
>G:8IDG
:7GJ6GN	

6C>:A>IOE6IG>8@
H-+2 +!&
>G:8IDG
:7GJ6GN	

-G68N G6=6B
H!+",-()!+#&.+)!2"/
>G:8IDG
:7GJ6GN	

=G>HIDE=:G#&JGE=N"/
H-"&(-!2$(3+$
>G:8IDG
:7GJ6GN	

->BDI=N$(O6G@
H-(,!.+3
>G:8IDG
:7GJ6GN	

-D99,8=JGO
H&+$,!0+(
>G:8IDG
:7GJ6GN	

&6G@,8=L67:GD
H+(',!+0,.+2
>G:8IDG
:7GJ6GN	

+DC96,=G:LH7JGN
H",)-(++,
>G:8IDG
:7GJ6GN	

"H668)-DGG:H

Q
,+

DGB
$

-)	
5BD96931D9?>C
"	C9G:6 ,=DGI	=>:;M:8JI>K:(;;>8:G	8:GI>;NI=6I

"=6K:G:K>:L:9I=>H6CCJ6AG:EDGIDCDGB
$D;HI,DJG8:DGEDG6I>DC

6H:9DCBN@CDLA:9<:	I=>HG:EDGI9D:HCDI8DCI6>C6CNJCIGJ:HI6I:B:CID;6B6I:G>6A;68IDGDB>IIDHI6I:6B6I:G>6A;68I
C:8:HH6GN ID B6@: I=: HI6I:B:CIH B69:	 >C A><=I D; I=: 8>G8JBHI6C8:H JC9:G L=>8= HJ8= HI6I:B:CIH L:G: B69:	 CDI
B>HA:69>C<L>I=G:HE:8IIDI=:E:G>D98DK:G:97NI=>HG:EDGI

6H:9DCBN@CDLA:9<:	I=:;>C6C8>6AHI6I:B:CIH	6C9DI=:G;>C6C8>6A>C;DGB6I>DC>C8AJ9:9>CI=>HG:EDGI	;6>GANEG:H:CI>C
6AAB6I:G>6AG:HE:8IHI=:;>C6C8>6A8DC9>I>DC	G:HJAIHD;DE:G6I>DCH6C986H=;ADLHD;I=:G:<>HIG6CI6HD;	6C9;DG	I=:E:G>D9H
EG:H:CI:9>CI=>HG:EDGI

-=: G:<>HIG6CIXH DI=:G 8:GI>;N>C< D;;>8:G 6C9 " 6G: G:HEDCH>7A: ;DG :HI67A>H=>C< 6C9 B6>CI6>C>C< 9>H8ADHJG: 8DCIGDAH 6C9
EGD8:9JG:H6H9:;>C:9>CM8=6C<:8I+JA:H6
:6C99
:6C9>CI:GC6A8DCIGDADK:G;>C6C8>6AG:EDGI>C<6H
9:;>C:9>CM8=6C<:8I+JA:H6
;6C99
;;DGI=:G:<>HIG6CI6C9=6K:
6
:H>H8ADHJG:8DCIGDAH6C9EGD8:9JG:H	DG86JH:9HJ8=9>H8ADHJG:8DCIGDAH6C9EGD8:9JG:HID7:9:H>H>DC	 ID :CHJG: I=6I B6I:G>6A >C;DGB6I>DC G:A6I>C< ID I=: G:<>HIG6CI	 >C8AJ9>C< >IH 8DCHDA>96I:9
HJ7H>9>6G>:H	>HB69:@CDLCIDJH7NDI=:GHL>I=>CI=DH::CI>I>:H	E6GI>8JA6GAN9JG>C<I=:E:G>D9>CL=>8=I=>HG:EDGI>H
7:>C<EG:E6G:9
7
:H>CI:GC6A8DCIGDADK:G;>C6C8>6AG:EDGI>C<	DG86JH:9HJ8=>CI:GC6A8DCIGDADK:G;>C6C8>6AG:EDGI>C<ID7:
9:H>H>DC	IDEGDK>9:G:6HDC67A:6HHJG6C8:G:<6G9>C<I=:G:A>67>A>IND;;>C6C8>6AG:EDGI>C<6C9I=:
EG:E6G6I>DCD;;>C6C8>6AHI6I:B:CIH;DG:MI:GC6AEJGEDH:H>C688DG96C8:L>I=<:C:G6AAN688:EI:9688DJCI>C<EG>C8>EA:H
8
K6AJ6I:9 I=: :;;:8I>K:C:HH D; I=: G:<>HIG6CIXH 9>H8ADHJG: 8DCIGDAH 6C9 EGD8:9JG:H 6C9 EG:H:CI:9 >C I=>H G:EDGI DJG
8DC8AJH>DCH67DJII=::;;:8I>K:C:HHD;I=:9>H8ADHJG:8DCIGDAH6C9EGD8:9JG:H	6HD;I=::C9D;I=:E:G>D98DK:G:97N
I=>HG:EDGI76H:9DCHJ8=:K6AJ6I>DC6C9
9
>H8ADH:9>CI=>HG:EDGI6CN8=6C<:>CI=:G:<>HIG6CIXH>CI:GC6A8DCIGDADK:G;>C6C8>6AG:EDGI>C<I=6ID88JGG:99JG>C<I=:
G:<>HIG6CIXH BDHI G:8:CI ;>H86A FJ6GI:G I=6I =6H B6I:G>6AAN 6;;:8I:9	 DG >H G:6HDC67AN A>@:AN ID B6I:G>6AAN 6;;:8I	 I=:
G:<>HIG6CIXH>CI:GC6A8DCIGDADK:G;>C6C8>6AG:EDGI>C<6C9

-=:G:<>HIG6CIXHDI=:G8:GI>;N>C<D;;>8:G6C9"=6K:9>H8ADH:9	76H:9DCDJGBDHIG:8:CI:K6AJ6I>DCD;>CI:GC6A8DCIGDADK:G
;>C6C8>6AG:EDGI>C<	IDI=:G:<>HIG6CIXH6J9>IDGH6C9I=:6J9>I8DBB>II::D;I=:G:<>HIG6CIXHD6G9D;>G:8IDGH
6
AA H>;>86CI 9:;>8>:C8>:H 6C9 B6I:G>6A L:6@C:HH:H >C I=: 9:H>DC D; >CI:GC6A 8DCIGDA DK:G ;>C6C8>6A
G:EDGI>C<L=>8=6G:G:6HDC67ANA>@:ANID69K:GH:AN6;;:8II=:G:<>HIG6CIXH67>A>INIDG:8DG9	EGD8:HH	HJBB6G>O:6C9
G:EDGI;>C6C8>6A>C;DGB6I>DC6C9
7
CN;G6J9	L=:I=:GDGCDIB6I:G>6A	I=6I>CKDAK:HB6C6<:B:CIDGDI=:G:BEADN::HL=D=6K:6H>;>86CIGDA:>CI=:
G:<>HIG6CIXH>CI:GC6A8DCIGDADK:G;>C6C8>6AG:EDGI>C<
6I::7GJ6GN	

N H'+ ,!(+-
C9G:6 ,=DGI	=>:;M:8JI>K:(;;>8:G
-)
	
'))$#%*'(*#))$*	(		()$#($%)%*'(*#))$()$#$
)('#($-!.)$

"C 8DCC:8I>DC L>I= I=: CCJ6A +:EDGI D; HI ,DJG8: DGEDG6I>DC HI ,DJG8: DC DGB 
$ ;DG I=: ;>H86A N:6G :C9:9
:8:B7:G	
	6H;>A:9L>I=I=:,:8JG>I>:H6C9M8=6C<:DBB>HH>DCDCI=:96I:=:G:D;I=:U+:EDGIV	"	C9G:6 
,=DGI	=>:;M:8JI>K:(;;>8:GD;HI,DJG8:	8:GI>;N	EJGHJ6CIID.,,:8I>DC
	6H69DEI:9EJGHJ6CIID,:8I>DC
D;
I=:,6G76C:H
(MA:N8ID;

	I=6IIDBN@CDLA:9<:
 -=:+:EDGI;JAAN8DBEA>:HL>I=I=:G:FJ>G:B:CIHD;H:8I>DCH6DG9D;I=:,:8JG>I>:H6C9M8=6C<:8ID;
6C9
 -=:>C;DGB6I>DC8DCI6>C:9>CI=:+:EDGI;6>GANEG:H:CIH	>C6AAB6I:G>6AG:HE:8IH	I=:;>C6C8>6A8DC9>I>DC6C9G:HJAIHD;
DE:G6I>DCHD;HI,DJG8:
6I::7GJ6GN	

N H'+ ,!(+-
C9G:6 ,=DGI	=>:;M:8JI>K:(;;>8:G

Q
,+

DGB
$

-)	
5BD96931D9?>C
"	G:II6J:G	=>:;>C6C8>6A(;;>8:G	8:GI>;NI=6I

"=6K:G:K>:L:9I=>H6CCJ6AG:EDGIDCDGB
$D;HI,DJG8:DGEDG6I>DC

6H:9DCBN@CDLA:9<:	I=>HG:EDGI9D:HCDI8DCI6>C6CNJCIGJ:HI6I:B:CID;6B6I:G>6A;68IDGDB>IIDHI6I:6B6I:G>6A;68I
C:8:HH6GN ID B6@: I=: HI6I:B:CIH B69:	 >C A><=I D; I=: 8>G8JBHI6C8:H JC9:G L=>8= HJ8= HI6I:B:CIH L:G: B69:	 CDI
B>HA:69>C<L>I=G:HE:8IIDI=:E:G>D98DK:G:97NI=>HG:EDGI

6H:9DCBN@CDLA:9<:	I=:;>C6C8>6AHI6I:B:CIH	6C9DI=:G;>C6C8>6A>C;DGB6I>DC>C8AJ9:9>CI=>HG:EDGI	;6>GANEG:H:CI>C
6AAB6I:G>6AG:HE:8IHI=:;>C6C8>6A8DC9>I>DC	G:HJAIHD;DE:G6I>DCH6C986H=;ADLHD;I=:G:<>HIG6CI6HD;	6C9;DG	I=:E:G>D9H
EG:H:CI:9>CI=>HG:EDGI

-=: G:<>HIG6CIXH DI=:G 8:GI>;N>C< D;;>8:G 6C9 " 6G: G:HEDCH>7A: ;DG :HI67A>H=>C< 6C9 B6>CI6>C>C< 9>H8ADHJG: 8DCIGDAH 6C9
EGD8:9JG:H6H9:;>C:9>CM8=6C<:8I+JA:H6
:6C99
:6C9>CI:GC6A8DCIGDADK:G;>C6C8>6AG:EDGI>C<6H
9:;>C:9>CM8=6C<:8I+JA:H6
;6C99
;;DGI=:G:<>HIG6CI6C9=6K:
6
:H>H8ADHJG:8DCIGDAH6C9EGD8:9JG:H	DG86JH:9HJ8=9>H8ADHJG:8DCIGDAH6C9EGD8:9JG:HID7:9:H>H>DC	 ID :CHJG: I=6I B6I:G>6A >C;DGB6I>DC G:A6I>C< ID I=: G:<>HIG6CI	 >C8AJ9>C< >IH 8DCHDA>96I:9
HJ7H>9>6G>:H	>HB69:@CDLCIDJH7NDI=:GHL>I=>CI=DH::CI>I>:H	E6GI>8JA6GAN9JG>C<I=:E:G>D9>CL=>8=I=>HG:EDGI>H
7:>C<EG:E6G:9
7
:H>CI:GC6A8DCIGDADK:G;>C6C8>6AG:EDGI>C<	DG86JH:9HJ8=>CI:GC6A8DCIGDADK:G;>C6C8>6AG:EDGI>C<ID7:
9:H>H>DC	IDEGDK>9:G:6HDC67A:6HHJG6C8:G:<6G9>C<I=:G:A>67>A>IND;;>C6C8>6AG:EDGI>C<6C9I=:
EG:E6G6I>DCD;;>C6C8>6AHI6I:B:CIH;DG:MI:GC6AEJGEDH:H>C688DG96C8:L>I=<:C:G6AAN688:EI:9688DJCI>C<EG>C8>EA:H
8
K6AJ6I:9 I=: :;;:8I>K:C:HH D; I=: G:<>HIG6CIXH 9>H8ADHJG: 8DCIGDAH 6C9 EGD8:9JG:H 6C9 EG:H:CI:9 >C I=>H G:EDGI DJG
8DC8AJH>DCH67DJII=::;;:8I>K:C:HHD;I=:9>H8ADHJG:8DCIGDAH6C9EGD8:9JG:H	6HD;I=::C9D;I=:E:G>D98DK:G:97N
I=>HG:EDGI76H:9DCHJ8=:K6AJ6I>DC6C9
9
>H8ADH:9>CI=>HG:EDGI6CN8=6C<:>CI=:G:<>HIG6CIXH>CI:GC6A8DCIGDADK:G;>C6C8>6AG:EDGI>C<I=6ID88JGG:99JG>C<I=:
G:<>HIG6CIXH BDHI G:8:CI ;>H86A FJ6GI:G I=6I =6H B6I:G>6AAN 6;;:8I:9	 DG >H G:6HDC67AN A>@:AN ID B6I:G>6AAN 6;;:8I	 I=:
G:<>HIG6CIXH>CI:GC6A8DCIGDADK:G;>C6C8>6AG:EDGI>C<6C9

-=:G:<>HIG6CIXHDI=:G8:GI>;N>C<D;;>8:G6C9"=6K:9>H8ADH:9	76H:9DCDJGBDHIG:8:CI:K6AJ6I>DCD;>CI:GC6A8DCIGDADK:G
;>C6C8>6AG:EDGI>C<	IDI=:G:<>HIG6CIXH6J9>IDGH6C9I=:6J9>I8DBB>II::D;I=:G:<>HIG6CIXHD6G9D;>G:8IDGH
6
AA H>;>86CI 9:;>8>:C8>:H 6C9 B6I:G>6A L:6@C:HH:H >C I=: 9:H>DC D; >CI:GC6A 8DCIGDA DK:G ;>C6C8>6A
G:EDGI>C<L=>8=6G:G:6HDC67ANA>@:ANID69K:GH:AN6;;:8II=:G:<>HIG6CIXH67>A>INIDG:8DG9	EGD8:HH	HJBB6G>O:6C9
G:EDGI;>C6C8>6A>C;DGB6I>DC6C9
7
CN;G6J9	L=:I=:GDGCDIB6I:G>6A	I=6I>CKDAK:HB6C6<:B:CIDGDI=:G:BEADN::HL=D=6K:6H>;>86CIGDA:>CI=:
G:<>HIG6CIXH>CI:GC6A8DCIGDADK:G;>C6C8>6AG:EDGI>C<
6I::7GJ6GN	

N H+--.+
G:II6J:G	=>:;>C6C8>6A(;;>8:G
-)
	
'))$#%*'(*#))$*	(		()$#($%)%*'(*#))$()$#$
)('#($-!.)$

"C 8DCC:8I>DC L>I= I=: CCJ6A +:EDGI D; HI ,DJG8: DGEDG6I>DC HI ,DJG8: DC DGB 
$ ;DG I=: ;>H86A N:6G :C9:9
:8:B7:G	
	6H;>A:9L>I=I=:,:8JG>I>:H6C9M8=6C<:DBB>HH>DCDCI=:96I:=:G:D;I=:U+:EDGIV	"	G:II6J:G	
=>:;>C6C8>6A(;;>8:GD;HI,DJG8:	8:GI>;N	EJGHJ6CIID.,,:8I>DC
	6H69DEI:9EJGHJ6CIID,:8I>DC
D;I=:
,6G76C:H
(MA:N8ID;

	I=6IIDBN@CDLA:9<:
 -=:+:EDGI;JAAN8DBEA>:HL>I=I=:G:FJ>G:B:CIHD;H:8I>DCH6DG9D;I=:,:8JG>I>:H6C9M8=6C<:8ID;
6C9
 -=:>C;DGB6I>DC8DCI6>C:9>CI=:+:EDGI;6>GANEG:H:CIH	>C6AAB6I:G>6AG:HE:8IH	I=:;>C6C8>6A8DC9>I>DC6C9G:HJAIHD;
DE:G6I>DCHD;HI,DJG8:
6I::7GJ6GN	

N H+--.+
G:II6J:G	=>:;>C6C8>6A(;;>8:G

Q
,+

DGB
$

1st SOURCE EXECUTIVE OFFICERS
John F. Affleck-Graves 
Professor Emeritus, University of Notre Dame; Former Professor of Finance, Executive Vice  
 
 
President and Chief Financial Officer, University of Notre Dame
Melody Birmingham  
Executive Vice President and Group President, NiSource Utilities
Daniel B. Fitzpatrick  
Chairman, President, and Chief Executive Officer, Quality Dining, Inc.
Tracy D. Graham  
Managing Partner, Graham Allen Partners, LLC; Chief Executive Officer, Aunalytics; Director and  
 
Chairman of the Board of Directors, LCI Industries
Christopher J. Murphy III  
Executive Chairman, 1st Source Corporation
Christopher J. Murphy IV  
Owner and Chief Executive Officer, Catharsis Productions, LLC
Timothy K. Ozark  
Chairman of the Board, TKO Finance Corporation
Todd F. Schurz 
Senior Advisor and Former President and Chief Executive Officer, Schurz Communications, Inc.
Mark D. Schwabero  
Retired Chairman, Chief Executive Officer and Director, Brunswick Corporation; 
 
Director and Chairman of the Board, Methode Electronics, Inc.
Andrea G. Short 
President and Chief Executive Officer, 1st Source Corporation; 
 
Chief Executive Officer, 1st Source Bank
Ronda Shrewsbury  
President and Chief Executive Officer, RealAmerica, LLC
Isaac P. Torres 
President and Chief Executive Officer, InterCambio Express, Inc.
1st SOURCE DIRECTORS
Christopher J. Murphy III  
Executive Chairman, 1st Source Corporation, 1st Source Bank
Andrea G. Short 
President and Chief Executive Officer, 1st Source Corporation; 
 
Chief Executive Officer, 1st Source Bank
Kevin C. Murphy 
President, 1st Source Bank
Jeffrey L. Buhr  
Executive Vice President, Chief Credit Officer, 1st Source Bank
Brian S. Duba  
General Counsel and Secretary
Brett A. Bauer 
Executive Vice President, Treasurer and Chief Financial Officer
DIRECTORS AND OFFICERS
From left to right: Christopher J. Murphy IV, Timothy K. Ozark, Isaac P. Torres, Tracy D. Graham, 
Andrea G. Short, John F. Affleck-Graves, Christopher J. Murphy III, Mark D. Schwabero, 
Ronda Shrewsbury, Daniel B. Fitzpatrick, Melody Birmingham, Todd F. Schurz

P.O. Box 1602, South Bend, Indiana 46634
©2026 1st Source Corporation all rights reserved.