Quarterlytics / Industrials / Industrial - Machinery / IDEX

IDEX

iex · NYSE Industrials
Claim this profile
Ticker iex
Exchange NYSE
Sector Industrials
Industry Industrial - Machinery
Employees 5001-10,000
← All annual reports
FY2024 Annual Report · IDEX
Sign in to download
Loading PDF…
+$* )**)
)+(*) $ .$ %##))%$
-2D9:?8E@? 

 
@C> 
	!

$$+" (&%(* &+()+$* *% )*%$ 
 %( 
5 % * )+(*) .$ * % 

CF H<9 :=G75@ M95F 9B898 979A69F 	 


*($)
(
*%$ (&%(* &+()+$* *% )*%$ 
 %( 
5 % * )+(*) .$ * % 

CF H<9 HF5BG=H=CB D9F=C8 :FCA
HC
CAA=GG=CB :=@9 BIA69F 


. %(&%(*
(
%$
A*,=

7*6. 8/ ;.02
. <=;*
2
7= *< <9.,2/2.- 27 2=<
2
,1*;=.;
6=2H2C6
	
$=*=.
$
8; 8=1.; 3>;2<-2,=287 8/
27,8;98;*=287 8; 8;0*72C*
2
=287
#$ 6958B
6
.;
-.7
-
=2/2,*=287  8

 )2?56CD (@25 )F:E6 
 $@CE93C@@< ==:?@:D

--;.<< 8/ 9;27,29*5
2
.A.,>=2?. 8//2,
/
.<
)29
)
8-.
*9;=GHF5BHXG H9@9D
I 97H HC GI7< :=@=B; F9EI=F9A9BHG :CF H<9 D5GH 
 85MG
19G 
&C 
!B8=75H9 6M 7<97? A5F? K<9H<9F H<9 F9;=GHF5BH <5G GI6A
I
=HH98 9@97HFCB=75@@M 9J9FM !BH9F57H=J9 5H5 =@9 F9EI=F98 HC 69 GI6A
I
=HH98 DIFGI5BH
HC *I@9 
 C: *9;I@5H=CB +
, P
 C: H<=G 7<5DH9F 8IF=B; H<9 DF9798=B;  ACBH6?E +?56C E96 &C:G2E6 )64FC:E:6D ":E:82E:@? (67@C> 4E
,<=G 5BBI5@ F9DCFH CB CFA 
#	 =B7@I8=B; H<9 V'J9FJ=9K	W V*9GI@HG C: 'D9F5H=CBG	W V$=EI=8=HM 5B8 5D=
5 H5@ *9GCIF79GW
5B8 V%5B5;9A9BHXG =G7IGG=CB 5B8 B5@MG=G C: =B5B7=5@ CB8=H=CB 5B8 *9GI@HG C: 'D9F5H=CBGW	 7CBH5=BG V:CF
:
K5
F
F8
@CC?=B;W
GH5H9A9BHG K=H<=B H<9 A95B=B; C: H<9 (F=J5H9 +97IF=H=9G $=H=;5H=CB *9:CFA 7H C: 	 5G 5A9B898 ,<9G9 GH5H9A9BHG A5M
F9@5H9 HC	 5ACB; CH<9F H<=B;G	 H<9 CAD5BMXG 6IG=B9GG GHF5H9;M	 CIH@CC? 5B8 :I@@ M95F 
 :C7IG 5B8 H<9 5GGIADH=CBG
IB89F@M=B; H<9G9 9LD97H5H=CBG	 D@5BH 5B8 9EI=DA9BH 75D57=HM :CF :IHIF9 ;FCKH<	 D@5BB98 DFC8I7H=CB	 5BH=7=D5H98 :IHIF9
57EI=G=H=CB 69<5J=CF	 F9GCIF79 5B8 75D=H5@ 89D@CMA9BH	 5BH=7=D5H98 HF9B8G =B 9B8 A5F?9HG =B7@I8=B; 9LD97H5H=CBG F9;5F8=B;
A5F?9H G97HCF 7CBHF57H=CB	 F97CJ9FM	 GH56=@=N5H=CB CF ;FCKH< 5B8 IB89F@M=B; 8F=J9FG C: GI7< 9LD97H5H=CBG	 89A5B8 K=H<=B 9B8
A5F?9HG	 5J5=@56=
5 @=HM 5B8 GI::=7=9B7M C: 75G< 5B8 :=B5B7=B; 5@H9FB5H=J9G	 5BH=7=D5H98 69B9:=HG 5B8 F9GHFI7HIF
H
=B; 7<5F;9G F9@5H98 HC
H<9 CAD5BMXG F979BH@M =B=H=5H98 CF;5B=N5H=CB5@ 7<5B;9G	 H<9 5BH=7=D5H98 H5L HF95HA9BH C: H<9 CAD5BMXG F979BH 57EI=G=H=CBG 5B8
H<9 5BH=7=D5H98 69B9:=HG C: H<9 CAD5BMXG F979BH CF :IHIF9 57EI=G=H=CBG	 5B8 5F9 =B8=75H98 6M KCF8G CF D9
C 7HG	W V:CF
:
975GHG	W VG
I 97H HC
=B<9F9BH IB79FH5=BH=9G 5B8 F=G?G H<5H 7CI@8 75IG9 57HI5@
H
F9GI@HG HC 8=::9F A5H9F=5@@M :FCA H 
IG=B9GG

E6> 

*=G? 57HCFG

E6> 

-BF9GC@J98 +H5:: CAA9BHG

E6> 

M69FG97IF=HM

E6> 
(FCD9FH=9G

E6> 
$9;5@ (FC7998=B;G

E6> 
%=B9 +5:9HM =G7@CGIF9G

&(* 
E6> 
%5F?9H :CF *9;=GHF5BHXG CAACB EI=HM	 *9@5H98 +HC7? 
3*9G9FJ984

E6> 
%5B5;9A9BHXG =G7IGG=CB 5B8 B5@MG=G C: =B5B7=5@ CB8=H=CB 5B8 *9GI@HG C: 'D9F5H=CBG

E6> 
)I5BH=H5H=J9 5B8 )I5@=H5H=J9 =G7@CGIF9G 6CIH %5F?9H *=G?

E6> 
=B5B7=5@ +H5H9A9BHG 5B8 +IDD@
I
9A9BH5FM 5H5

%5B5;9A9BHXG *9DCFH CB !BH9FB5@ CBHFC@ 'J9F =B5B7=5@ *9DCFH=B;

*9DCFH C: !B89D9B89BH *9;=GH9F98 (I6@
I =7 77CIBH=B; =FA (' ! &C 

CBGC@=85H98 +H5H9A9BHG C: !B7CA9

CBGC@=85H98 +H5H9A9BHG C: CADF9<9BG=J9 !B7CA9

CBGC@=85H98 5@5B79 +<99HG

CBGC@=85H98 +H5H9A9BHG C: EI=HM

CBGC@=85H98 +H5H9A9BHG C: 5G< @CKG

&CH9G HC CBGC@=85H98 =B5B7=5@ +H5H9A9BHG

&CH9  +=;B=:=75BH 77CIBH=B; (C@=7=9G

&CH9  7EI=G=H=CBG 5B8 =J9GH=HIF9G

&CH9  C@@56CF
5
5H=J9 !BJ9GHA9BHG

&CH9  5@5B79 +<99H CADCB9BHG

&CH9  *9J9BI9

&CH9  CC8K=@@ 5B8 !BH5B;=6@9 GG9HG

&CH9  CFFCK=B;G

&CH9  5=F .5@I9 %95GIF9A9BHG

&CH9  $95G9G

&CH9 
 CAA=HA9BHG 5B8 CBH=B;9B7=9G

&CH9  +<5F9 *9DIF7<5G9G

&CH9  !B7CA9 ,5L9G

&CH9  IG=B9GG +9;A9BHG 5B8 9C;F5D<=7 !B:CFA5H=CB

&CH9  *9GHFI7HIF
H
=B; LD9BG9G 5B8 GG9H !AD5=FA9BHG

&CH9  +<5F9
5G98 CAD9BG5H=CB

&CH9  77IAI@5H98 'H<9F CADF9<9BG=J9 $CGG

&CH9  *9H=F9A9BH 9B9:=HG

&CH9  +I6G
I
9EI9BH J9BHG

E6> 
<5B;9G =B 5B8 =G5;F99A9BHG K=H< 77CIBH5BHG CB 77CIBH=B; 5B8 =B5B7=5@ =G7@CGIF9

E6> 
CBHFC@G 5B8 (FC798IF
8
9G

E6> 
'H<9F !B:CFA5H=CB

E6> 
=G7@CGIF9 *9;5F8=B; CF9=;B "IF=G8=7H=CBG H<5H (F9J9BH !BGD97H=CBG

&(* 
E6> 

=F97HCFG	 L97IH=J9 '::=
: 79FG 5B8 CFDCF5H9 CJ9FB5B79

E6> 

L97IH=J9 CAD9BG5H=CB

E6> 

+97IF=HM 'KB9FG<=D C: 9FH5=B 9B9:=7=5@ 'KB9FG 5B8 %5B5;9A9BH 5B8 *9@5H98 +HC7? 

9FH5=B *9@5H=CBG<=DG 5B8 *9@5H98 ,F5BG57H=CBG	 5B8 =F97HCF !B89D9B89B79

E6> 

(F=B7=D5@ 77CIBH5BH 99G 5B8 +9FJ=79G

&(* ,
E6> 

L<=6=HG 5B8 =B5B7=5@ +H5H9A9BH +7<98I@9G

E6> 

CFA 
# +IAA5FM

+=;B5HIF9G



&(* 
E6> 
FD:?6DD
!?.;?2.@
!0 CFDCF5H=CB V!0	W H<9 VCAD5BM	W VK9	W CF VCIFW =G 5 ;@C65@ 5DD@=98 GC@IH=CBG DFCJ=89F G9FJ=B; B=7<9 A5F?9HG
K=H< A=GG=CB 7F=H=75@ 7CADCB9BHG :CF 9J9FM85M
F
@=:9
:
+I6G
I
H5BH=5@@M 5@@ C: H<9 CAD5BMXG 6IG=B9GG 57H=J=H=9G 5F9 75FF=98 CIH
H,=<
,<9 :C@@CK=B; H56@9
5
GIAA5F=N9G H<9 D9F79BH5;9 C: HCH5@ !0 G5@9G ;9B9F5H98 6M 957< 9B8 A5F?9H G9FJ98
. @CA@C2E:@?
 ?5 #2C<6ED
!B8IGHF=5@ 
B9F;M 

=F9 +IDDF
I
9GG=CB 
/5H9F 
+9A=7CB8I7HCF 
CC8  (<5FA5 
$=:9 +7=9B79G 
IHCACH=J9 
B5@MH=75@ !BGHFIA9BHG 
(5=BH =GD9BG=B; 
<9A=75@ 
;F=7I@HIF9 
*9G7I9 ,CC@G 
9FCGD5799:9BG9 
'H<9F 
%98=75@9BH5@ 
,<9 CAD5BM <5G HI
8 GH98 !, 7CBHF=6IH98 6M 957< G9;A9BH CB H<9 65G=G C: HCH5@
G9;A9BHG BCH HCH5@ CAD5BM :CF H<9 M95FG 9B898 979A69F 	 
 5B8 

/62C ?565 646>36C 
 
/62C ?565 646>36C 
 
#*
)*
)&
#*
)*
)&
&9H G5@9G







8>I
8 GH98 !,






 +9;A9BH 8>I
8 GH98 !, 9L7@I89G H<9 =AD57H C: IB5@@C75H98 7CFDCF5H9 7CGHG C: 
 A=@@=CB 5B8  A=@@=CB :CF
H<9 M95FG 9B898 979A69F 	 
 5B8 
	 F9GD97H=J9@M
!0 69@=9J9G H<5H 957< C: =HG F9DCFH=B; IB=HG =G 5 @9589F =B =HG DFC8I7HG 5B8 G9FJ=79G ,<9 CAD5BM 5@GC 69@=9J9G H<5H =HG
GHFCB; :=B5B7=5@ D9F:CFA5B79 <5G 699B 5HHF=6IH56@9 HC =HG 56=@=HM HC 89G=;B 5B8 9B;=B99F GD97=5@=N98 EI5@=HM DFC8I7HG 7CID@98 K=H<
=HG 56=@=HM HC GI779GG:I@
: @M =89BH=:M	
:
57EI=F9 5B8 =BH9;F5H9 GHF5H9;=7 57EI=G=H=CBG ,<9 H56@9 69
5
@CK =@@IGHF5H9G H<9 H97HCFG 5B8 CH<9F :@I=8
<5B8@=B; DIAD AC8I@9G 5B8 GMGH9AG 5B8 DFCJ=89G :@CK ACB=HCF=B; 5B8 CH<9F G9FJ=79G
,<9 :C@@CK=B; H56@9
5
GIAA5F=N9G H<9 D9F79BH5;9 C: HCH5@ %, G5@9G ;9B9F5H98 6M 957< 9B8 A5F?9H G9FJ98
=F:5  #6E6C:?8 *649?@=@8:6D
 ?5 #2C<6ED
!B8IGHF=5@ 
/5H9F 

B9F;M 
<9A=75@ 

;F=7I@HIF9 
+9A=7CB8I7HCF 
CC8  (<5FA5 
'H<9F 
IHCACH=J9 


<
,<9 :C@@@@C =
K=B; 8=
B; 8=G7IG =G=
8
CB 89G7 =F=69G 69< (IADG =G 5 @958=B; A5BI:57H
:
IF
H
9F C: DCG=H=J9 8=GD@579A9BH DIADG =B7@I8=B; FCH5FM =BH9FB5@ ;95F	 9LH9FB5@ ;95F	 J5B9
5B8 FCH5FM @C69 DIADG	 7IGHCA
9B;=B99F98 CF=;=B5@ 9EI=DA9BH A5BI:57HIF
H
9F DIADG	 GHF5=B9FG	 ;95F F98I79FG 5B8 9B;=B99F98
DIAD GMGH9AG (IADG DF=A5F=@M IG9G =B89D9B89BH 8=GHF=6IHCFG HC A5F?9H 5B8 G9@@ =HG DFC8I7HG (IADG =G 7CADF=G98 C: H<9
:C@@CK=B; 6IG=B9GG9G
Q
.=?=B; (IAD =G 5 ;@C65@ @9589F =B DIAD=B; GC@IH=CBG	 K=H< DFC8I7HG =B7@I8=B; =BH9FB5@ ;95F	 9LH9FB5@ ;95F	 J5B9	 @C69
5B8 7=F7IA:9F9BH=5@ D=GHCB DIADG	 5G K9@@ 5G D5FHG	 ?=HG 5B8 5779GGCF=9G 89G=;B98 HC GIDDCFH
I
7IGHCA9FG KCF@8K=89
/=H< 5 :C7IG CB =B8IGHF=5@ 5DD@=75H=CBG @=?9 7<9A=75@G	 DC@MIF9H<5B9 :C5A 5B8 5GD<5@H 9B9F;M 5DD@=75H=CBG @=?9 C=@
HF5BG:9F
:
5B8 ;@M7C@ 89B8F975=>;. ;F=7I@HIF9 =G 5 @958=B; GIDD@
I
=9F C: DIADG	 J5@J9G	 7CBHFC@@9FG	 :=HH=B;G 5B8 GMGH9AG IG98 =B 5;F=7I@HIF5@ 5B8
=B8IGHF=5@ 5DD@=75H=CBG ;F=7I@HIF9 7CBG=GHG C: H<9 :C@@CK=B; 6IG=B9GG9G
Q
5B>C
B
=G 5 DFCJ=89F C: GD97=5@ DIFDCG9	 G9J9F9
8IHM DIADG	 J5
8
@J9G	 :=HH=B;G 5B8 GMGH9AG IG98 =B @=EI=8 <5B8@=B; !HG
DFC8I7HG 5F9 IG98 =B 5;F=7I@HIF5@ 5B8 =B8IGHF=5@ 5DD@=75H=CBG 5B>C A5=BH5=BG CD9F5H=CBG =B F5K:CF8GJ=@@9	 !B8=5B5 5B8
<5G 8=GHF=6IH=CB :57=@=H=9G =B =85A	 H<9 &9H<9F@5B8G 5B8 .5@=B2-2,<  !9=2,< +7=9BH=:=7 @I=8=7G  'DH=7G =G 5 ;@C65@ 5IH97H=J9G ! +
%=7FC:@I=8=7G
:
=B7@I89G H<=B00+ %=7FCH977
= <9B	 H<9 &9H<9F@5B8G CFG9H	 B;@5B8 5B8 (IB9	 !B8=5
I
+, %5H9F=5@ +C@IH=CBG GD97=5@=N9G =B H<9 89G=;B 5B8 A5BI:57H
:
IF
H
=B; C: H97=287< +95@=B; +C@IH=CBG :C7IG9G CB DFCJ=8=B; GD97=5@ G95@G 5B8 F9@5H98 DFC8I7HG 5B8 GC@IH=CBG =B 8=J9FG=:=98
A5F?9HG +95@=B; +C@IH=CBG =G 7CADF=G98 C: H<9 :C@@CK=B; 6IG=B9GG9G
D
(F97=G=CB (C@MA9F B;=B99F=B; =G 5 DFCJ=89F C: DFCDF=9H5FM <=;< D9F:CFA5B79 G95@G 5B8 58J5B798 G95@=B; GC@IH=CBG :CF
5 8=J9FG9 F5B;9 C: ;@C65@ =B8IGHF=9G 5B8 5DD@=75H=CBG	 =B7@I8=B; <5N5F8CIG 8IHM	 5B5@MH=75@ =BGHFIA9BH5H=CB	
G9A=7CB8I7HCF	 DFC79GG H97C=BH J9BHIF9 K=H< 5 H<=F8 D5FHM HC A5BI:57H
:
IF9
H
5B8 G9@@ <=;<
D9F:CFA5B79 9@5GHCA9F G95@G :CF H<9 C=@ 5B8 ;5G =B8IGHFM HC 7IGHCA9FG K=H<=B H<9 #=B;8CA C: +5I8= F56=5 5G K9@@ 5G
9LDCFH H<9G9 <=;< D9F:CFA5B79 9@5GHCA9F G95@G CIHG=89 C: H<9 #=B;8CA C: +5I8= F56=5 ,<9 >C=BH J9BHIF9 A5=BH5=BG
CD9F5H=CBG =B 5AA5A	 +5I8= F56=5
D
,$ +95@G ,976*=2, %.,1785802.< (9F:CFA5B79 (B9IA5H=7 ,97IAD=B; 7IG<=CBG :CF 6I=@8=B; F9G7I9 :CF H<9 F9G7I9 A5F?9H =F9  +5:9HMXG
7IGHCA9FG 5F9 CF=;=B5@ 9EI=DA9BH A5BI:57H
:
IF
H
9FG 5G K9@@ 5G DI6@=7 5B8 DF=J5H9 :=F9 5B8 F9G7I9 CF;5B=N5H=CBG =F9  +5:9HM
A5=BH5=BG CD9F5H=CBG =B '75@5	 @CF=85 @5GG  5B8  5@9 DFC8I7HG /5FK=
F
7?	 B;@5B8 C8=J5 DFC8I7HG /CCGH9F 5B8
C@IA6IG	 '<=C ?FCB F5GG 5B8 /9@8CB DFC8I7HG 5@@9B8CF:	 9FA5BM / =HH=B;G DFC8I7HG +<9@6M	 &CFH< 5FC@=B5
 IFGH "5KG C: $=:9R DFC8I7HG ,=5B>=B	
B
<=B5 =B;@99 DFC8I7HG F@5B;9B	 9FA5BM $I?5G DFC8I7HG 5B8 2O@D=7<	 9FA5BM
.9HH9F DFC8I7HG
2<9
2
.7<270 =GD9BG=B; 6IG=B9GG9G DFC8I79 DF97=G=CB 9EI=DA9BH :CF 8=GD9BG=B;	 A9H9F=B; 5B8 A=L=B; 7C@CF5BHG 5B8 D5=BHG
IG98 =B 5 J5F=9HM C: F9H5=@ 5B8 7CAA9F7=5@ 6IG=B9GG9G 5FCIB8 H<9 KCF@8 =GD9BG=B; =G 5 ;@C65@ GIDD@
I
=9F C: GI7< 9EI=DA9BH
:C7IG98 CB H<9 5F7<=H97HIF
H
5@ D5=BHG G9;A9BH IG98 =B F9H5=@ 5B8 7CAA9F7=5@ GHCF9G	 <5F8K5F9 GHCF9G	 <=86.;<
!B 
	 H<9 CAD5BM 8=8 BCH <5J9 5BM 7IGHCA9FG H<5H 577CIBH98 :CF ACF9 H<5B  C: B9H G5@9G +=B79 H<9 CAD5BM G9FJ9G
5 K=89 J5F=9HM C: A5F?9HG	 7IGHCA9F 7CB79BHF5H=CBG 5F9 BCH G=;B=:=75BH
7=.;7*=287*5
,<9 CAD5BMXG DFC8I7HG 5B8 G9FJ=79G 5F9 5J5=@56@9
5
KCF@8K=89	 K=H< A5BI:57H
:
IF
H
=B; CD9F5H=CBG =B ACF9 H<5B 
 7CIBHF=9G
,<9 6IG=B9GG9G @C75H98 CIHG=89 H<9 -+ 5F9 DF=A5F=@M 65G98 =B 9FA5BM	 !B8=5	 H<9 &9H<9F@5B8G	 H<9 -B=H98 #=B;8CA	 !H5@M	
+K=HN9F@5B8	 5B585 5B8 <=B5 ,<9 CAD5BMXG ;9C;F5D<=7 8=J9FG=HM 5@@CKG =H HC 8F5K CB H<9 G?=@@G C: 5 ;@C65@ KCF?:CF79	
DFCJ=89G ;F95H9F GH56=@=HM HC =HG CD9F5H=CBG	 5@@CKG H<9 CAD5BM HC 8F=J9 97CBCA=9G C: G75@9	 DFCJ=89G F9J9BI9 GHF95AG H<5H A5M
<9@D C::G
: 9H 97CBCA=7 HF9B8G H<5H 5F9 GD97=:=7 HC =B8=J=8I5@ 97CBCA=9G 5B8 C::9FG
:
H<9 CAD5BM 5B CDDCFHIB=HM HC 5779GG B9K
A5F?9HG :CF DFC8I7HG


,<9 :C@@CK=B; H56@9
5
=@@IGHF5H9G G5@9G HC 7IGHCA9FG K=H<=B 5B8 CIHG=89 H<9 -+ 5G 5 D9F79BH5;9 C: HCH5@ G5@9G :CF HCH5@ !0 5G
K9@@ 5G 6M G9;A9BH 5B8 6M F9DCFH=B; IB=H :CF H<9 M95F 9B898 979A69F 	 

@>6DE:4
?E6C?2E:@?2=
#*


(IADG


/5H9F


B9F;M


.5@J9G


;F=7I@HIF9


)*


+7=9BH=:=7 @I=8=7G  'DH=7G


+95@=B; +C@IH=CBG


(9F:CFA5B79 (B9IA5H=7 ,979952.;<
,<9 CAD5BM A5BI:57H
:
IF
H
9G A5BM C: H<9 D5FHG 5B8 7CADCB9BHG IG98 =B =HG DFC8I7HG +I6G
I
H5BH=5@@M 5@@ A5H9F=5@G	 D5FHG 5B8
7CADCB9BHG DIF7<5G98 6M H<9 CAD5BM 5F9 5J5=@56@9
5
:FCA 5 @5F;9 BIA69F C: =B89D9B89BH GCIF79G 5FCIB8 H<9 KCF@8 ,<9
CAD5BM 69@=9J9G =H <5G 5 GI::=7=9BH BIA69F C: GIDD@
I
=9FG B979GG5FM HC A99H 89A5B8 6IH 7CBH=BI9G HC 57H=J9@M 9J5@I5H9 =HG
7IFF9BH GIDD@
I
=9FG 5B8 =89BH=:M 5@H9FB5H=J9 GCIF79G HC A5B5;9 GIDD@M
I
7<5=B 7CBGHF5=BHG	 =: B99898
7?.7=8;B *7- *,4580
,<9 CAD5BM =G DF=A5F=@M 5 GI
8 GHG DFC8I7H=CB G7<98I@9G 5B8 EI5BH=H=9G 65G98 CB H<9 :@CK C: =B7CA=B; CF89FG /<=@9
657?@C; K5G 9@9J5H98 =B F979BH M95FG 8I9 HC ;@C65@ GIDD@M
I
7<5=B 7CBGHF5=BHG	 K<=7< 9LH9B898 @958 H=A9G	 G<=:H98 7IGHCA9F CF89F
D5HH9FBG 5B8 F9GI@H98 =B =B7F95G98 =BJ9BHCFM HC GIDDCFH DFC8I7
I
H=CB	 7IGHCA9F 89GHC7?=B; 9::CFHG
:
69;=BB=B; =B 
 <5J9 F9GI@H98
=B CF89FG GH56=@=N=B; K=H< 657?@C; 5B8 @958 H=A9G F9HIFB=B; HC ACF9 BCFA5@=N98 @9J9@G =B 
 ,<9 CAD5BM F9A5=BG :C7IG98
CB 89@=J9F=B; DFC8I7HG 5B8 G9FJ=79G HC 7IGHCA9FG 5B8 7CBH=BI9G HC 57H=J9@M A5B5;9 =BJ9BHCFM @9J9@G IFH<9F	 H<9 CAD5BM <5G
BCH <=GHCF=75@@M 9LD9F=9B798 G=;B=:=75BH CF89F 75B79@@5H=CBG 5B8 8C9G BCH 9LD97H G=;B=:=75BH CF89F 75B79@@5H=CBG =B H<9 :IHIF9


8?.;76.7= #.0>5*=
.
287<
'IF 7CAD@=5B79 K=H< :989F5@	 GH5H9 5B8 @C75@ @5KG 5B8 F9;I@5H=CBG	 =B7@I8=B; H6*7 *92
* =*5 *7*0.6.7=
,<9 CAD5BM 5HHF=6IH9G =HG GI779GG HC H<9 J5@I56@9 7CBHF=6IH=CBG C: =HG H5@9BH98 KCF?:CF79 5B8 =G 7CAA=HH98 HC :CGH9F=B; 5
KCF? 9BJ=FCBA9BH K<9F9 9AD@CM99G 75B HC6 @9

5FB=B; CDDCF
F
HIB=H=9G :CF ?9M @9589FG
HC6G 9::9
: 7H=J9@M #9M =B=H=5H=J9G @=?9 H<9 @C65@
$9589FG<=D CB:9F9B79
:
<5J9 9B<5B798 G9B=CF @9589FGX D9F79DH=CBG C: @95FB=B;
F
5B8 89J9@CDA9BH	 GHF9B;H<9B98 GIDDCFH
I
:CF G?=@@
5B8 75F99F ;FCKH<	 5B8 6CCGH98 H<9=F 7CB:=8
: 9B79 =B 57<=9J=B; H<9=F 75F99F ;C5@G 5H !0
2?.;<2
; =B :>2=B  7,5><287
,<9 CAD5BM <5G 5@K5MG F97C;B=N98 8=J9FG=HM 5G :CIB85H=CB5@ HC 7F95H=J=HM 5B8 F9G=@=9B79 H<9 HI
8 GHA9BHG :CF
9AD@CM99G H<5H K9F9 CIH@=9FG :FCA H<9=F DF98=7H98 D5M
(8;495*,.
4
.*5=1  $*/.=B
/
,<9 CAD5BM =G 7CAA=HH98 HC DFCJ=8=B; 5 KCF?D@
? 579 H<5H =G G5:9 :CF 5@@ C: CIF 9AD@CM99G	 7CBHF57HCFG	 6IG=B9GG D5FHB9FG
5B8 J=G=HCFG ,<9 7CAA=HA9BH HC BJ=FCBA9BH5@	  95@H<	 5B8 +5:9HM V +W 69;=BG 5H H<9 7CFDCF5H9 5B8 9L97IH=J9 @9J9@ ,<9
DFC;F5A =G CJ9FG99B 6M H<9  + +9B=CF =F97HCF 5B8 H<9 <=9: +IGH5=B56=@=HM '::=
: 79F	 6CH< C: KIB7H=CB K=H< H<9 7CFDCF5H9 H95A	 :CFA H<9 65G=G C: H<9 ;@C65@  + DFC;F5A ,<9 CAD5BMXG 7CFDCF5H9  + DC@=7=9G
5F9 5 ?9M D5FH C: H<9 ;@C65@  + DFC;F5A ,<9M 5DD@M HC 5@@ C: H<9 CAD5BMXG 6IG=B9GG9G 5B8 957< 6IG=B9GG =G 9LD97H98 HC
7CAD@M K=H< DC@=7=9G 5B8 5@@  + @5KG 5B8 F9;I@5H=CBG !B 588=H=CB HC H<9 7CFDCF5H9 DC@=7=9G	 957< 6IG=B9GG 89J9@CDG 5B8
=AD@9A9BHG =HG CKB <95@H< 5B8 G5:9HM DC@=7=9G H5=@CF98 HC H<9 @C75@ 6IG=B9GG
,<9 CAD5BM 5@GC 9B7CIF5;9G 9AD@CM99G 9BFC@@98 =B H<9 -+  95@H<75F9 9B9:=H (@5B HC D5FH=7=D5H9 =B H<9 H<=F8
D5FHM
CD9F5H98 /9@@B9GG (FC;F5A K<=7< DFCJ=89G 5779GG HC 5BBI5@ 6=CA9HF=7 G7F99B=B;G 5B8 <95@H< 9J5@I5H=CBG /9 C::9F
:
VK9@@B9GG
7F98=HGW H<5H 75B 69 95FB98 6M
F
9AD@CM99G 5G K9@@ 5G GDCIG9G 5B8 D5FHB9FG KIGH 7CAD@=5B79 K=H< H<9 @5K ,<9 CAD5BM GHF=J9G HC 7F95H9 5 KCF? 9BJ=FCBA9BH H<5H =G :F99 C: =B5DDFCDF=5H9 5B8
IBDFC:9G
:
G=CB5@ 69<5J=CF 5B8 7CBG=GH9BH K=H< H<9 CAD5BMXG J5@I9G T 5 D@579 K<9F9 9J9FMCB9
F
=G =BJ=H98 HC 8C H<9=F 69GH 9J9FM
85M 5B8 :99@ :F99 HC F9DCFH 5BM 7CB79FBG
F
,<9 CAD5BM <5G DC@=7=9G	 DFC798IF
8
9G 5B8 F9;I@5F HF5=B=B; =B D@579 HC DFCH97H =HG
KCF?:CF79 5B8 DF9J9BH KCF?D@
? 579 <5F5GGA9BH 5B8 8=G7F=A=B5H=CB ,<=G =B7@I89G 5 ;@C65@ C89 C: IG=B9GG CB8I7H  H<=7G


DC@=7M K<9F9 9AD@CM99G 5;F99 HC :C@@CK 5B8 F979=J9 5BBI5@ HF5=B=B; ,<9 CAD5BM 5@GC A5=BH5=BG 5 ;@C65@ = !>; A.,>=2?. !//2,
/
.;<
+9H :CFH< 69@CK 5F9 H<9 B5A9G C: H<9 9L97IH=J9 C::=
: 79FG C: H<9 CAD5BM	 H<9=F 5;9G	 M95FG C: G9FJ=79	 H<9 DCG=H=CBG <9@8 6M
H<9A 5B8 H<9=F 6IG=B9GG 9LD9F=9B79
$2>6
86
/62CD @7
)6CG:46
&@D:E:@?
F=7  G<@9A5B


<=9: L97IH=J9 '::=
: 79F 5B8 (F9G=89BH
6<=G<9? #<5B89@K5@


+9B=CF .=79 (F9G=89BH 5B8 <=9: =B5B7=5@ '::=
: 79F
$=G5 % B89FGCB


+9B=CF .=79 (F9G=89BH	 9B9F5@ CIBG9@ 5B8 CFDCF5H9 +97F9H5FM
%9@=GG5 + @CF9G


+9B=CF .=79 (F9G=89BH 5B8 <=9:  IA5B *9GCIF79G '::=
: 79F
*CCD5 -BB=?F=GC=B
9
98 !0 =B &CJ9A69F 
 5:H9F
:
DF9J=CIG@M G9FJ=B; =B J5F=CIG FC@9G :FCA 

 HC 


%F G<@9A5B <5G G9FJ98 5G (F9G=89BH 5B8 <=9: L97IH=J9 '::=
: 79F G=B79 979A69F 

 (F=CF HC H<5H	 %F G<@9A5B K5G
+9B=CF .=79 (F9G=89BH 5B8 <=9: 'D9F5H=B; '::=
: 79F :FCA "I@M 
 HC 979A69F 

	 .=79 (F9G=89BH
FCID L97IH=J9 C: H<9
CAD5BMXG  +, 5B8 +( G9;A9BHG :FCA "5BI5FM 
 HC=B98 !0 =B 

 5G H<9 (F9G=89BH C: 5GH %5BI:57H
:
IF
H
=B;
%F #<5B89@K5@ <5G G9FJ98 5G +9B=CF .=79 (F9G=89BH 5B8 <=9: =B5B7=5@ '::=
: 79F G=B79 &CJ9A69F 
 (F=CF HC F9>C=B=B;
9
!0	 %F #<5B89@K5@ G9FJ98 5G <=9: =B5B7=5@ '::=
: 79F C: %I@H=
C@CF CFDCF5H=CB	 5 A5BI:57H
:
IF
H
9F C: DF=BH98 @569
5
@G :CF
7CBGIA9F ;CC8G	 :FCA "5BI5FM 
 H
:
C=B=B; !0 5G GG=GH5BH 9B9F5@ CIBG9@ =B '7HC69F 
 (F=CF HC >C=B=B; !0	 %G B89FGCB G9FJ98
=B J5F=CIG FC@9G C: =B7F95G=B; F9GDCBG=6=@=HM 5H +IBC?9 B9F;M	 !B7	 ACGH F979BH@M 5G +9B=CF CIBG9@ 5B8 9DIHM <=9:
CAD@=5B79 '::=
: 79F
%G @CF9G <5G G9FJ98 5G +9B=CF .=79 (F9G=89BH 5B8 <=9:  IA5B *9GCIF79G '::=
: 79F G=B79 96FI5FM 
 (F=CF HC H<5H	 %G
@CF9G G9FJ98 5G @C65@	 .=79 (F9G=89BH ,5@9BH :FCA %5M 
 H+52, 25270<
CD=9G C: H<9 CAD5BMXG 5BBI5@ F9DCFH CB CFA 
#	 EI5FH9F@M F9DCFHG CB CFA 
)	 7IFF9BH F9DCFHG CB CFA 
# 5B8
5A9B8A9BHG HC H 

(:D< 24E@CD
CF 5B 9BH9FDF=G9 5G 8=J9FG9 5B8 7CAD@9L 5G H<9 CAD5BM	 5 K=89 F5B;9 C: :57HCFG DF9G9BH F=G?G HC H<9 CAD5BM 5B8 7CI@8
A5H9F=5@@M 5::9
: 7H :IHIF9 89J9@CDA9BHG 5B8 D9F:CFA5B79 !B 588=H=CB HC H<9 :57HCFG 5::9
: 7H=B; GD97=:=7 6IG=B9GG CD9F5H=CBG
=89BH=:=98 =B 7CBB97H=CB K=H< H<9 89G7F=DH=CB C: H<9 CAD5BMXG CD9F5H=CBG 5B8 H<9 :=B5B7=5@ F9GI@HG C: =HG CD9F5H=CBG 9@G9K<9F9 =B
H<=G F9DCFH	 H<9 ACGH A5H9F=5@ C: H<9G9 :57HCFG 5F9 =B7@I898 69@CK IFF9BH ;@C65@ 97CBCA=7 9J9BHG 5B8 7CB8=H=CBG A5M 5AD@=:M
A5BM C: H<9G9 F=G?G ,<9G9 F=G?G 5F9 BCH H<9 CB@M F=G?G H<5H A5M 5::9
: 7H H<9 CAD5BM 88=H=CB5@ F=G?G H<5H H<9 CAD5BM =G BCH
5K5F9 C: CF 8C9G BCH 69@=9J9 5F9 A5H9F=5@ 5H H<9 H=A9 C: H<=G :=@=B; A5M 5@GC 697CA9 =ADCFH5BH :57HCFG H<5H 58J9FG9@M 5::9
: 7H H<9
CAD5BMXG 6IG=B9GG
(:DA2?JOD %A6C2E:@?D
%1. 869*7BH< 7*+252=B =8 87=27>. =8 .?.589  .@ ";8->,=< 8>5- 262= $*5.< ;8@=1
,<9 CAD5BMXG 56=@=HM HC 7CBH=BI9 HC ;FCK CF;5B=75@@M =G H=98 =B @5F;9 D5FH HC =HG 56=@=HM HC 7CBH=BI9 HC 89J9@CD B9K
DFC8I7HG  :5=@IF9 HC 7CBH=BI9 HC 89J9@CD 5B8 89@=J9F B9K	 =BBCJ5H=J9 5B8 7CAD9H=H=J9 DFC8I7HG HC H<9 A5F?9H 7CI@8 @=A=H G5@9G
;FCKH< 5B8 B9;5H=J9@M =AD57H H<9 CAD5BM 5B8 =HG :=B5B7=5@ 7CB8=H=CB	 F9GI@HG C: CD9F5H=CBG 5B8 75G< :@CK
%1. 869*7BH< ;8@=1 $=;*
=
=.0B
.
7,5>-.< ,:>2<2
2 =287< *7- 2?.<=2=>;.< *7- =1. 869*7B *B  8= +. +5. =8 *4.
,:>2<2
2 =287< 8/ $>2=*+5. *7-2-*=.< 7=.0;*=.
.
,:>2<2
2 =287< $>,,.<5
/ 5B 8; $>,,.<5
/ 5B A.,>=. 2?.<=2=>;.<
,<9 CAD5BMXG <=GHCF=75@ ;FCKH< <5G =B7@I898	 5B8 H<9 CAD5BMXG :IHIF9 ;FCKH< =G @=?9@M HC 7CBH=BI9 HC =B7@I89	
57EI=G=H=CBG ,<9 CAD5BM =BH9B8G HC 7CBH=BI9 HC G99? 57EI=G=H=CB CDDCFHIB=H=9G 6CH< HC 9LD5B8 =BHC B9K A5F?9HG 5B8 HC
9B<5B79 =HG DCG=H=CB =B 9L=GH=B; A5F?9HG H5- #.->,. $*5.< *7- ";8/2=
/
*;027<
%CGH C: H<9 CAD5BMXG DFC8I7HG 5F9 GC@8 =B 7CAD9H=H=J9 A5F?9HG %5=BH5=B=B; 5B8 =ADFCJ=B; 5 7CAD9H=H=J9 DCG=H=CB K=@@
F9EI=F9 7CBH=BI98 =BJ9GHA9BH =B A5BI:57H
:
IF
H
=B;	 9B;=B99F=B;	 EI5@=HM GH5B85F8G	 A5F?9H=B;	 H97I
8 GH H<9 DF=79G C: DFC8I7HG HC GH5M 7CAD9H=H=J9 5=@IF9 HC 7CBH=BI9 7CAD9H=B; GI779GG:I@
: @M 7CI@8
F98I79 G5@9G	 DFC:=H A5
:
F;=BG 5B8 CJ9F5@@ :=B5B7=5@ D9F:CFA5B79


%1. 869*7B 2< .9.7-.7= 87
.
=1. ?*25*+252=B 8/ #*@ *=.;2*5<
5
"*;=< *7- 86987.7=< &<.- 27 =< ";8->,=< *7- 1*70.<
27 $>995B 8/ 8; ";2,. /8;
/
#*@ *=.;2*5<
5
"*;=< *7- 86987.7=< *B *=.;2*55B -?.;
-
<.
;
5B //.
/ ,= =1. 869*7B
/<=@9 H<9 CAD5BM A5BI:57H
:
IF
H
9G 79FH5=B D5FHG 5B8 7CADCB9BHG IG98 =B =HG DFC8I7HG	 H<9 CAD5BM 5@GC F9EI=F9G GI6G
I
H5BH=5@
5ACIBHG C: F5K A5H9F=5@G 5B8 DIF7<5G9G 79FH5=B D5FHG 5B8 7CADCB9BHG :FCA GIDD@
I
=9FG ,<9 5J5=@56=
5 @=HM C: 5B8 DF=79G :CF F5K
A5H9F=5@G	 D5FHG 5B8 7CADCB9BHG A5M 69 GI6>
I 97H HC 7IFH5=@A9BH CF 7<5B;9 8I9 HC	 5ACB; CH<9F H<=B;G	 GIDD@
I
=9FGX 5@@C75H=CBG HC
CH<9F DIF7<5G9FG	 =BH9FFIDH
I =CBG =B DFC8I7H=CB 6M GIDD@
I
=9FG	 =B7@I8=B; 8I9 HC ;9CDC@=H=75@ CF 7=J=@ IBF9GH	 IB:5J
:
CF56@9 97CBCA=7 CF
=B8IGHFM 7CB8=H=CBG	 =B7F95G98 CF B9K H5F=::G 5B8 CH<9F HF589 65FF=9FG	 @56CF 8=
5
GFIDH
F
=CBG	 GIDD@M
I
7<5=B 8=GFIDH
F
=CBG	 75H5GHFCD<=7
K95H<9F 9J9BHG	 B5HIF5@ 8=G5GH9FG	 DI6@=7 <95@H< 7CB79FBG	
F
7<5B;9G =B 9L7<5B;9 F5H9G 5B8 DF9J5=@=B; DF=79 @9J9@G BM 7<5B;9 =B
H<9 GIDD@M C:	 CF DF
I
=79 :CF	 F5K A5H9F=5@G CF D5FHG 5B8 7CADCB9BHG 7CI@8 A5H9F=5@@M 5::9
: 7H H<9 CAD5BM 5B8 =HG :=B5B7=5@
7CB8=H=CB	 F9GI@HG C: CD9F5H=CBG 5B8 75G< :@CK
%1. 869*7BH< ><27.<< !9.;*=287< *B . *=.;2*55B -?.;
-
<.
;
5B //.
/ ,=.- +B 7/8
7 ;6*=287 $B<=
B .6< 7=.;;>9=
> 287< 8;
7=;><287 7,5>-270 =18<. ;2<270 ;86 B+.;<.,>;2=B ==*,4< 8; 7,2-.7=< 8; '285*=287< 8/ *@< #.0>5*=
.
270 ";2?*,B *7- *=*
$.,>;2=B
,<9 CAD5BM 89D9B8G CB J5F=CIG =BH9FB5@ 5B8 H<=F8 D5FHM =B:CFA5H=CB H97
I 97H HC 89@=69F5H9 7M69F
G97IF=HM 5HH57?G	 GI7<
5G H
I 97H HC 85H5 DF=J57M 5B8 G97IF=HM @5KG	 F9;I@5H=CBG 5B8 7IGHCA9F
=ADCG98 7CBHFC@G
=B BIA9FCIG >IF=G8=7H=CBG 5G 5 F9GI@H C: <5J=B; 5779GG HC 5B8 DFC79GG=B; 7CB:=8
: 9BH=5@	 D9FGCB5@ 5B8CF G9BG=H=J9 85H5 =B H<9 7CIFG9
C: CIF 6IG=B9GG /9 5F9 F9EI=F98 HC 7CAD@M K=H< =B7F95G=B;@M 7CAD@9L @5KG 5B8 F9;I@5H=CBG 9B57H98 HC DFCH97H 6IG=B9GG 5B8
D9FGCB5@ 85H5 F9;5F8=B; DF=J57M	 85H5 DFCH97H=CB 5B8 85H5 G97IF=HM =B H<9 -+ 5B8 CH<9F >IF=G8=7H=CBG	 =B7@I8=B; H<9 IFCD95B
-B=CBXG 9B9F5@ 5H5 (FCH97H=CB *9;I@5H=CB V(*W 5B8 H<9 5@=:CFB=5 CBGIA9F (F=J57M 7H V(W 5G F9J=G98 5B8
9LD5B898 IB89F H<9 5@=:CFB=5
:
(F=J57M *=;<. 8/ *;=2/2,2*5 27=.5520.7,. 27 8>; +><27.<< *7- 9;8->,=<
6*B ;.<>5= 27 1*;6 =8 8>; +><27.<< *7- ;.9>=*=
.
287
/9 5F9 =B H<9 =B=H=5@ GH5;9G C: =B7CFDCF5H=B; 5FH=:=7=5@ =BH9@@=;9B79 V!W =BHC CIF 6IG=B9GG 57H=J=H=9G 5B8 CIF DFC8I7H 5B8
G9FJ=79 C::9F=
:
B;G G K=H< A5BM =BBCJ5H=CBG	 ! DF9G9BHG F=G?G 5B8 7<5@@9B;9G H<5H 7CI@8 58J9FG9@M =AD57H CIF 6IG=B9GG ,<9
89J9@CDA9BH	 58CDH=CB	 5B8 IG9 C: ! H975*=
.
287 7-><=;B $=*7-*;-< 8; !=1.;
=
#2<4<
2
<<8,2*=.- @2=1 * "8=.7=2*5 58+*5
%;*7<2=287 =8 * 8@.;*;+87 ,8786B
6
*< @.55 *< "1B<
1
2,*5 #2<4<
2
8/ 526*=. 1*70. 8>5- -?.;
-
<.
;
5B 69*,=
6
=1. 869*7BH<
#.<>5=< 8/ !9.;*=287< *7- 27*7,2*5 "8<2=287
!B7F95G98 DI6@=7 5K5F9B9GG 5B8 7CB79FB F9;5F8=B; 9BJ=FCBA9BH5@ F=G?G	 =B7@I8=B; ;@C65@ 7@=A5H9 7<5B;9 5B8 H<9 DCH9BH=5@
;@C65@ HF5BG=H=CB HC 5 @CK9F
75F6CB
F
97CBCAM	 A5M F9GI@H =B ACF9 =BH9FB5H=CB5@	 F9;=CB5@	 :989F5@ 5B8CF GH5H9 F9EI=F9A9BHG CF
=B8IGHFM GH5B85F8G HC F98I79 CF A=H=;5H9 ;@C65@ K5FA=B; 5B8 CH<9F 9BJ=FCBA9BH5@ F=G?G &9K 7@=A5H9 7<5B;9 @5KG 5B8
F9;I@5H=CBG 7CI@8 F9EI=F9 H<9 CAD5BM HC 7<5B;9 =HG A5BI:57H
:
IF
H
=B; DFC79GG9G CF C6H5=B GI6G
I
H=HIH9 A5H9F=5@G H<5H A5M 7CGH ACF9
CF 69 @9GG 5J5=@56@9
5
:CF =HG A5BI:57H
:
IF
H
=B; CD9F5H=CBG .5F=CIG >IF=G8=7H=CBG =B K<=7< H<9 CAD5BM 8C9G 6IG=B9GG <5J9
=AD@9A9BH98	 CF =B H<9 :IHIF9 7CI@8 =AD@9A9BH CF 5A9B8	 F9GHF=7H=CBG CB 9A=GG=CBG C: 75F6CB 8=CL=89 CF CH
F
<9F ;F99B
I 97H HC =B7F95G=B; GIGH5=B56=@=HM
F9@5H98 F9DCFH=B; F9EI=F9A9BHG !B %5F7< 
	 H<9 +
58CDH98 B9K FI@9G F9;5F8=B; 7@=A5H9
F9@5H98 8=G7@CGIF9G ,
I 97H HC H<9 IFCD95B -B=CBXG CFDCF5H9 +IGH5=B56=@=HM *9DCFH=B; =F97H=J9
CAD@M=B; K=H< GI7< @5KG 5B8 F9;I@5H=CBG	 K<=7< A5M 7CBH=BI9 HC 9JC@J9	 A5M =ADCG9 GI6G
I
H5BH=5@ 588=H=CB5@ 7CGHG 5B8 F9EI=F9
588=H=CB5@ F9GCIF79G	 =B7@I8=B; :CF H<=F8
D5FHM 5HH9GH5H=CB HC 9B56@9 H<9 75DHIF9	 5B5@MG=G 5B8 5I8=H C: 5DDFCDF=5H9 85H5 BM
57HI5@ CF 5@@9;98 :5=@IF9 HC 7CAD@M K=H< @5KG 5B8 F9;I@5H=CBG 5FCIB8 8=G7@CGIF9G 7CI@8 F9GI@H =B :=B9G	 D9B5@H=9G 5B8 7=J=@
@=56=@=H=9G 5B8 85A5;9G HC CIF F9DIH5H=CB
!B 588=H=CB HC 7<5B;9G =B F9;I@5H=CBG CF =B8IGHFM GH5B85F8G	 5 :5=@IF9 6M H<9 CAD5BM HC =BBCJ5H9 5B8 585DH DFC8I7HG HC B9K
A5F?9HG	 7<5B;=B; 7IGHCA9F DF9:9F9B79G :CF <=;<9F
9::=7=9B7M DFC8I7HG	 CF =B7F95G=B; G7FIH=BM F9@5H98 HC GIGH5=B56=@=HM 57H=J=H=9G
5B8 ;F99B<27.<< 2<;>
2
9=
> 287< >. =8 *=*<=;891
8
2, (.*=1.; ?.7=<  *=>;*5 2<*<=
2
.;< *7- ">+52, .*5=1 %1;.*=< 8>5- -?.;
-
<.
;
5B
//.
/ ,= =1. 869*7B
,<9 CAD5BM :579G J5F=CIG F=G?G F9@5H98 HC H<9 C77IFF9B79 C: 75H5GHFCD<=7 K95H<9F 9J9BHG CF G=;B=:=75BH B5HIF5@ 8=G5GH9FG	
=B7@I8=B; 95FH:4 2?5 &@=:E:42= @?5:E:@?D
 $58@-8@7 27 =1. &$ 8; 7=.;7*=287*5 ,8786B 8>5- *=.;2*55B -?.;
-
<.
;
5B //.
/ ,= =1. $*5.< *7- ";8/2=*
/
+252=B 8/ =1.
869*7BH< ><27.<<.<
!B 
	 
 C: H<9 CAD5BMXG G5@9G K9F9 89F=J98 :FCA 8CA9GH=7 CD9F5H=CBG 5B8 
 K9F9 89F=J98 :FCA =BH9FB5H=CB5@
CD9F5H=CBG ,<9 CAD5BMXG @5F;9GH 9B8 A5F?9HG =B7@I89 =B8IGHF=5@	 9B9F;M	 :=F9 GIDDF
I
9GG=CB	 K5H9F	 G9A=7CB8I7HCF	 :CC8 5B8
D<5FA579IH=75@	 @=:9 G7=9B79G	 5IHCACH=J9	 5B5@MH=75@ =BGHFIA9BHG	 D5=BH 8=GD9BG=B;	 7<9A=75@	 5;F=7I@HIF9 5B8 F9G7I9 HCC@G 
G@CK8CKB =B H<9 -+ CF ;@C65@ 97CBCAM 5B8	 =B D5FH=7I@5F	 5BM C: H<9G9 GD97=:=7 9B8 A5F?9HG 7CI@8 A5H9F=5@@M F98I79 H<9
CAD5BMXG G5@9G 5B8 DFC:=H5
:
6=
5 @=HM
1*70.< =8 .89852=2,*5 *7- ,87862, 87-2=287< 27 =1. &$ *7- 8;.207 8>7=;2
= .< 27 (12,1 =1. 869*7B !9.;*=.< 8>5-
-?.;
-
<.
;
5B //.
/ ,= =1. 869*7B
,<9 CAD5BM 9LD97HG =BH9FB5H=CB5@ CD9F5H=CBG 5B8 9LDCFH G5@9G HC 7CBH=BI9 HC 69 G=;B=:=75BH :CF H<9 :CF9G9956@9 :IHIF9 ,<9
CAD5BMXG G5@9G :FCA =BH9FB5H=CB5@ CD9F5H=CBG 5B8 G5@9G :FCA 9LDCFH 5F9 6CH< GI6>
I 97H =B J5FM=B; 89;F99G HC F=G?G =B<9F9BH =B
8C=B; 6IG=B9GG CIHG=89 H<9 -+ ,<9G9 F=G?G =B7@I89 H<9 :C@@CK=B;
Q
DCGG=6=@=HM C: IB:5J
:
CF56@9 7=F7IAGH5B79G 5F=G=B; :FCA ;;.7,B A,1*70. #*=.< *B *;6 =1. 869*7BH< 27*7,2*5 #.<>5=<
,<9 CAD5BM =G 9LDCG98 HC :@I7HI5H=CBG =B :CF9=;B 7IFF9B7M 9L7<5B;9 F5H9G	 D5FH=7I@5F@M K=H< F9GD97H HC H<9 IFC	 +K=GG
F5B7	 5B58=5B C@@5F	 F=H=G< (CIB8	 !B8=5B *ID9
I
9	 <=B9G9 *9BA=B6=	 +K98=G< #FCB5	 "5D5B9
5
G9 19B 5B8 F5N=@=5B *95@
BM G=;B=:=75BH 7<5B;9 =B H<9 J5@I9 C: H<9 7IFF9B7=9G C: H<9 7CIBHF=9G =B K<=7< H<9 CAD5BM 8C9G 6IG=B9GG 5;5=BGH H<9
-+ C@@5F 7CI@8 5::9
: 7H H<9 CAD5BMXG 56=@=HM HC G9@@ DFC8I7HG 7CAD9H=H=J9@M 5B8 7CBHFC@ =HG 7CGH GHFI7HIF
H
9	 K<=7< 7CI@8 <5J9 5
A5H9F=5@ 58J9FG9 9::9
: 7H CB F9GI@HG C: CD9F5H=CBG CF 588=H=CB5@ 89H5=@ F9@5H98 HC H<=G F=G?	 G99 (5FH !!	 !H9A 	 V)I5BH=H5H=J9 5B8
)I5@=H5H=J9 =G7@CGIF9G 6CIH %5F?9H *=G?W
5>,=>*=287< 27 7=.;.<= #*=.< 8>5- -?.;
-
<.
;
5B //.
/ ,= =1. 869*7BH<
7
#.<>5=< 8/ !9.;*=287< *7- 27*7,2*5 "8<2=287
,<9 CAD5BMXG DFC:=H5
:
6=
5 @=HM A5M 69 58J9FG9@M 5::9
: 7H98 8IF=B; 5BM D9F=C8G C: IB9LD97H98 CF F5D=8
5
=B7F95G9G =B =BH9F9GH
F5H9G ,<9 CAD5BM A5=BH5=BG 5 F98=H ;F99A9BH K=H< 5 F9JC@J=B; 7F98=H :57=@=HM H<9 V*9JC@J=B; 57=@=HMW =B 5B 5;;F9;5H9
DF=B7=D5@ 5ACIBH C: 

 A=@@=CB	 K<=7< 695FG =BH9F9GH 5H 9=H<9F 5B 5@H9FB5H9 65G9 F5H9 CF 58>I
8 GH98 ,9FA +'* CF 5DDFCDF=5H9
5@H9FB5H=J9 7IFF9B7M F9:9F9B79 F5H9G D@IG	 =B 957< 75G9	 5B 5DD@=756@9 A5F;=B 65G98 CB H<9 @CK9F C: H<9 CAD5BMXG G9B=CF	
IBG97IF98	 @CB;
H9FA 896H F5H=B; CF H<9 CAD5BMXG 5DD@=756@9 @9J9F5;9 F5H=C  G=;B=:=75BH =B7F95G9 =B ,9FA +'* CF H<9 CH<9F
F5H9G H<9 CAD5BM <5G 5;F998 HC IG9 5G 5B 5@H9FB5H=J9 HC ,9FA +'* G<=*27.- .,527. 27 8668-2=B ";2,.< 7,5>-270 !25 8>5-  .0*=
.
2?.5B 69*,=
6
=1. .?.5< 8/ A9.7-2
A
=>;.<
+B .;=*27 8/ =1. 869*7BH< ><=86.;<
;
9A5B8 :CF H<9 CAD5BMXG DFC8I7HG 89D9B8G	 =B D5FH	 CB H<9 @9J9@ C: B9K 5B8 D@5BB98 9LD9B8=HIF9G 6M 79FH5=B C: =HG
7IGHCA9FG ,<9 @9J9@ C: 9LD9B8=HIF9G 6M H<9 CAD5BMXG 7IGHCA9FG =G 89D9B89BH CB	 5ACB; CH<9F :57HCFG	 ;9B9F5@ 97CBCA=7
7CB8=H=CBG	 5J5=@56=
5 @=HM C: 7F98=H	 97CBCA=7 7CB8=H=CBG K=H<=B H<9=F F9GD97H=J9 =B8IGHF=9G 5B8 9LD97H5H=CBG C: :IHIF9 A5F?9H
69<5J=CF .C@5H=@=HM =B 7CAAC8=HM DF=79G	 =B7@I8=B; C=@	 75B B9;5H=J9@M 5::9
: 7H H<9 @9J9@ C: H<9G9 57H=J=H=9G 5B8 75B F9GI@H =B
DCGHDCB9A9BH C: 75D=H5@ GD9B8=B; 897=G=CBG CF H<9 89@5M CF 75B79@@5H=CB C: 9L=GH=B; CF89FG ,<9 56=@=HM C: H<9 CAD5BMXG
7IGHCA9FG HC :=B5B79 75D=H5@ =BJ9GHA9BH 5B8 A5=BH9B5B79 A5M 5@GC 69 5::9
: 7H98 6M H<9 7CB8=H=CBG =B H<9=F =B8IGHF=9G *98I798
89A5B8 :CF H<9 CAD5BMXG DFC8I7HG 7CI@8 F9GI@H =B H<9 89@5M CF 75B79@@5H=CB C: 9L=GH=B; CF89FG CF @958 HC 9L79GG A5BI:57H
:
IF
H
=B;
75D5
5
7=HM	 K<=7< IB:5J
:
CF56@M =AD57HG H<9 56GCFDH=CB C: :=L98 A5BI:57HIF
H
=B; 7CGHG ,<=G F98I798 89A5B8 7CI@8 <5J9 5 A5H9F=5@
58J9FG9 9::9
: 7H CB H<9 CAD5BM 5B8 =HG :=B5B7=5@ 7CB8=H=CB 5B8 F9GI@HG C: CD9F5H=CBG
(:D=,86. 8/ 7B ".7-270 87=270.7,2.< 8; 2=20*=287 8>5- -?.;
-
<.
;
5B //.
/ ,= =1. 869*7B


,<9 CAD5BM 5B8 =HG GI6G
I
=8=5F=9G 5F9 7IFF9BH@M =BJC@J98 =B D9B8=B; 5B8 H;. =8 -.:
-
>*=.5B ";8=.,= =1. 869*7BH< 7=.55.,=>*5 ";89.;=B *7- =1. #2<4
2
8/ 2<9
2
>=.< 7?85?270 7=.55.,=>*5 ";89.;=B
7/;27
7
0.6.7= 8>5- -?.;
-
<.
;
5B 69*,=
6
=1. 869*7BH< 869.=2=2?. "8<2=287 #.<>5=< 8/ !9.;*=287< *7- 27*7,2*5 87-2=287
,<9 CAD5BM CKBG D5H9BHG	 HF589A5F?G	 @=79BG9G 5B8 CH<9F :CFAG C: =BH9@@97HI5@ DFCD9
H
FHM F9@5H98 HC =HG DFC8I7HG 5B8
7CBH=BICIG@M =BJ9GHG =B F9G95F7< 5B8 89J9@CDA9BH H<5H A5M F9GI@H =B H97-270 88-@255 *;. * $207
2
2/2,*7= "8;=287 8/ %8=*5 <<.=< *7- * (;2=.8//
8
8/ 7=*702+5.
<<.=< 8; 88-@255 (8>5- -?.;
-
<.
;
5B 69*,=
6
=1. 869*7BH< !9.;*=270 #.<>5=< *7- $2072/2,
2
*7=5B #.->,. =1. 869*7BH<  .=
(8;=1
=
,<9 CAD5BMXG HCH5@ 5GG9HG =B7@I89G GI6G
I
H5BH=5@ =BH5B;=6@9 5GG9HG	 DF=A5F=@M ;CC8K=@@ 5B8 =89BH=:=56@9
5
=BH5B;=6@9 5GG9HG	
K<=7< DF=A5F=@M F9GI@H :FCA 57EI=G=H=CBG H 979A69F 	 
	 ;CC8K=@@ 5B8 =BH5B;=6@9 5GG9HG HCH5@98 	 A=@@=CB 5B8
	 A=@@=CB	 F9GD97H=J9@M BBI5@@M	 CF K<9B 79FH5=B 9J9BHG C77IF H<5H F9EI=F9 5 ACF9 7IFF9BH J5@I5H=CB	 H<9 CAD5BM
5GG9GG9G K<9H<9F H<9F9 <5G 699B 5B =AD5=FA9BH =B H<9 J5@I9 C: ;CC8K=@@ 5B8 =89BH=:=56@9
5
=BH5B;=6@9 5GG9HG !: :IHIF9 CD9F5H=B;
D9F:CFA5B79 5H CB9 CF ACF9 C: H<9 CAD5BMXG F9DCFH=B; IB=HG K9F9 HC :5@@ G=;B=:=75BH@M 69@CK :CF975GH98 @9J9@G	 H<9 CAD5BM
7CI@8 69 F9EI=F98 HC F9:@97H	 IB89F 7IFF9BH 5DD@=756@9 577CIBH=B; FI@9G	 5 BCB
75G< 7<5F;9 HC CD9F5H=B; =B7CA9 :CF 5B
=AD5=FA9BH BM 89H9FA=B5H=CB F9EI=F=B; H<9 KF=H9
C:: C: 5 G=;B=:=75BH DCFH=CB C: ;CC8K=@@ CF =89BH=:=56@9
5
=BH5B;=6@9 5GG9HG
KCI@8 58J9FG9@M =AD57H H<9 CAD5BMXG F9GI@HG C: CD9F5H=CBG 5B8 B9H KCFH< +99 &CH9 	 VCC8K=@@ 5B8 !BH5B;=6@9 GG9HGW =B
(5FH !!	 !H9A 	 V=B5B7=5@ +H5H9A9BHG 5B8 +IDD@
I
9A9BH5FM 5H5W :CF :IFH<9F 8=G7IGG=CB CB ;CC8K=@@ 5B8 =BH5B;=6@9 5GG9HG
%1. 869*7B *B *,. -?.;
-
<.
;
//.
/ ,=< #.<>5=270 /;86 69;89.;
6
87->,= +B !>; 6958B
6
..< 0.7=< 8; ><27.<< "*;=7.
=
;<
/<=@9 K9 GHF=J9 HC A5=BH5=B <=;< GH5B85F8G	 H<9 CAD5BM 75BBCH ;I5F5BH99 H<5H CIF =BH9FB5@ 7CBHFC@G 5B8 7CAD@=5B79
GMGH9AG K=@@ 5@K5MG DFCH97H IG :FCA F97?@9GG CF 7F=A=B5@ 57HG 7CAA=HH98 6M 9AD@CM99G	 5;9BHG CF 6IG=B9GG D5FHB9FG C: CIFG CF
6IG=B9GG9G H<5H K9 57EI=F9 CF D5FHB9F K=H< H<5H KCI@8 J=C@5H9 @5KG =B H<9 -+ CF :CF9=;B 7CIBHF=9G =B K<=7< H<9 CAD5BM
CD9F5H9G	 =B7@I8=B; @5KG ;CJ9FB=B; D5MA9BH HC ;CJ9FBA9BH C::=
: 7=5@G	 6F=69FM	
F
:F5I8	 7CB:@=7HG
:
C: =BH9F9GH	 7CAD9H=H=CB	
9AD@CMA9BH DF57H=79G 5B8 KCF?D@
? 579 69<5J=CF	 9LDCFH 5B8 =ADCFH 7CAD@=5B79	 97CBCA=7 5B8 HF589 G5B7H=CBG	 ACB9M @5IB89F=B;
5B8 85H5 DF=J57M


!B D5FH=7I@5F	 F979BH M95FG <5J9 G99B 5 GI6G
I
H5BH=5@ =B7F95G9 =B 5BH=
6F=69FM @5K 9B:CF79A9BH 57H=J=HM K=H< ACF9 :F9EI9BH
=BJ9GH=;5H=CBG 5B8 9B:CF79A9BH DFC7998=B;G 6M 6CH< H<9 9D5FHA9BH C: "IGH=79 5B8 H<9 +	 =B7F95G98 9B:CF79A9BH 57H=J=HM 6M
BCB
-+ F9;I@5HCFG 5B8 =B7F95G9G =B 7F=A=B5@ 5B8 7=J=@ DFC7998=B;G 6FCI;IF=G8=7H=CBG K<=7< ;9B9F5@@M DFC<=6=H 7CAD5B=9G 5B8 H<9=F =BH9FA98=5F=9G :FCA A5?=B;
=ADFCD9F D5MA9BHG :CF H<9 DIFDCG9 C: C6H5=B=B; CF F9H5=B=B; 6IG=B9GG  CK9J9F	 H<9 CAD5BM CD9F5H9G =B 79FH5=B 7CIBHF=9G H<5H
5F9 F97C;B=N98 5G <5J=B; ;CJ9FBA9BH5@ 5B8 7CAA9F7=5@ 7CFFIDH
I =CB .=C@5H=CBG C: 5BM C: H<9G9 @5KG A5M F9GI@H =B 7F=A=B5@ CF
7=J=@ G5B7H=CBG CF D9B5@H=9G	 6CH< ACB9H5FM 5B8 BCB
ACB9H5FM	 =B7F95G98 7CGHG C: 7CAD@=5B79 5B8CF 85A5;9 HC CIF F9DIH5H=CB	
5BM C: K<=7< 7CI@8 <5J9 5 A5H9F=5@ 58J9FG9 9::9
: 7H CB H<9 CAD5BM 5B8 =HG :=B5B7=5@ 7CB8=H=CB 5B8 F9GI@HG C: CD9F5H=CBG
6?6C2= (:D< 24E@CD
 *25>;. =8 #.=*27 A.,>=2?. *7*0.6.7= *7- .B ".;<877.5 8; #.,;>2= -.:
-
>*=. $>,,.<<8;< *B -?.;
-
<.
;
5B //.
/ ,= =1.
869*7BH< !9.;*=287< *7- 695
6 .6.7=*=287 8/ $=;*
=
=.0B
.
,<9 CAD5BMXG :IHIF9 GI779GG 89D9B8G HC 5 G=;B=:=75BH 89;F99 CB H<9 G?=@@G	 9LD9F=9B79 5B8 9::CFHG
:
C: =HG 9L97IH=J9
A5B5;9A9BH 5B8 CH<9F ?9M D9FGCBB9@ 5B8 H<9=F 56=@=HM HC DFCJ=89 H<9 CAD5BM K=H< IB=BH9FFIDH
I 98 @9589FG<=D 5B8 8=F97H=CB ,<9
@CGG C: H<9 G9FJ=79G C: 5BM C: H<9 9L97IH=J9 C::=
: 79FG CF CH<9F ?9M D9FGCBB9@ CF 5 :5=@IF9 HC DFCJ=89 589EI5H9 GI779GG=CB D@5BG :CF
H<9G9 =B8=J=8I5@G 7CI@8 <5J9 5B 58J9FG9 =AD57H CB H<9 CAD5BMXG CD9F5H=CBG 5B8 =AD@9A9BH5H=CB C: =HG GHF5H9;=7 D@5B ,<9
5J5=@56=
5 @=HM C: <=;<@M EI5@=:=98 H5@9BH =G @=A=H98 5B8 H<9 7CAD9H=H=CB :CF H5@9BH =G FC6IGH
1*55.70.< @2=1 #.<9.,= =8 *+8; ?*25*+252=B 8>5-  .0*=
.
2?.5B 69*,=
6
=1. 869*7BH< +252=B =8 !9.;*=. 8; ;8@ =1.
><27.<<
,<9 CAD5BMXG GI779GG 89D9B8G =B D5FH CB H<9 56=@=HM C: =HG 6IG=B9GG9G HC DFC57H=J9@M 5HHF57H	 ACH=J5H9 5B8 F9H5=B 5 EI5@=:=98
5B8 <=;<@M G?=@@98 KCF?:CF79 =B 5B =BH9BG9@M 7CAD9H=H=J9 @56CF
5
A5F?9H  :5=@IF9 HC 5HHF57H	 ACH=J5H9 5B8 F9H5=B <=;<@M G?=@@98
D9FGCBB9@ 7CI@8 58J9FG9@M 5::9
: 7H H<9 CAD5BMXG CD9F5H=B; F9GI@HG CF =HG 56=@=HM HC CD9F5H9 CF ;FCK H<9 6IG=B9GG 88=H=CB5@@M	
5BM @56CF
5
GHCDD5;9G CF @56CF 8=
5
GFIDH
F
=CBG	 =B7@I8=B; 8I9 HC ;9CDC@=H=75@ IBF9GH	 IB:5J
:
CF56@9 97CBCA=7 CF =B8IGHFM 7CB8=H=CBG	
75H5GHFCD<=7 K95H<9F 9J9BHG	 B5HIF5@ 8=G5GH9FG CF DI6@=7 <95@H< H 

+?C6D@=G65 )E277 @>>6?ED
&CB9
E6> 

J36CD64FC:EJ
#2<4
2
*7*0.6.7= *7- $=;*
=
=.0B
.
,<9 CAD5BMXG 7M69FG97IF=HM DFC;F5A =G 89G=;B98 HC 69 5@=;B98 HC H<9 M69FG97IF=HM F5A9KCF? DI6@=G<98 6M H<9
&5H=CB5@ !BGH=HIH9 C: +H5B85F8G 5B8 ,97<27.<< !9.;*=287< *B . *=.;2*55B -?.;
-
<.
;
5B //.
/ ,=.- +B
7/8
7 ;6*=287 $B<=
B .6< 7=.;;>9=287< 8; 7=;><287 7,5>-270 =18<. ;2<270 ;86 B+.;<.,>;2=B ==*,4< 8; 7,2-.7=< 8; '285*=287<
8/ *@< #.0>5*=
.
270 ";2?*,B *7- *=* $.,>;2=BW 5G98 CB CIF 5B5@MG=G 5H H<=G H=A9	 K9 <5J9 BCH =89BH=:=98 5BM F=G?G :FCA 5
7M69FG97IF=HM H 
&C@A6CE:6D
,<9 CAD5BM 7CB8I7HG 6IG=B9GG 5H D@5BHG 5B8 C::=
: 79G H<5H 75B 69 CKB98 CF @95G98 5B8 @C75H98 =B H<9 -+ CF CIHG=89 H<9
-+	 K=H< =BH9FB5H=CB5@ GEI5F9 :CCH5;9 DF=A5F=@M =B 9FA5BM 	 H<9 &9H<9F@5B8G 	 !B8=5 	 H<9 -# 	 !H5@M
	 5B585 	 <=B5  5B8 +K=HN9F@5B8  %5B5;9A9BH 7CBG=89FG =HG :57=@=H=9G GI=H56@9
5
5B8 589EI5H9 :CF H<9
CAD5BMXG CD9F5H=CBG 5B8 69@=9J9G =H <5G 5AD@9 75D57=HM =B =HG D@5BHG 5B8 9EI=DA9BH HC A99H 89A5B8 =B7F95G9G :CF :IHIF9
;FCKH< =B H<9 =BH9FA98=5H9 H9FA	 9GD97=5@@M ;=J9B =HG CD9F5H=CB5@ =ADFCJ9A9BH =B=H=5H=J9G H<5H IGI5@@M =B7F95G9 75D57=HM
 GIAA5 M
FM C: DFCD9FH=9G IG 8
98 6M
6M :==:@?D
"@42E:@?
%H?65"62D65
*@E2=
@>6DE:4
?E6C?2E:@?2=
%H?65
"62D65
@I=8  %9H9F=B; ,97 
"682= &C@4665:?8D
,<9 CAD5BM 5B8 =HG GI6G
I
=8=5F=9G 5F9 D5FHM HC @9;5@ DFC7998=B;G =B7=89BH5@ HC H<9 CD9F5H=CB C: H<9=F 6IG=B9GG9G 5G 89G7F=698
=B &CH9 
 =B (5FH !!	 !H9A 	 V=B5B7=5@ +H5H9A9BHG 5B8 +IDD@
I
9A9BH5FM 5H5	W 5B8 GI7< 8=G7@CGIF9 =G =B7CFDCF5H98 6M F9:9F9B79
=BHC H<=G !H9A 	 V$9;5@ (FC7998=B;GW
,<9 CAD5BMXG HIF=9G	 5@@9;98@M 5G 5 F9GI@H C: 9LDCGIF9 HC DFC8I7HG A5BI:57H
:
IF
H
98 K=H< 7CADCB9BHG H<5H
7CBH5=B98 5G69GHCG ,<9G9 7CADCB9BHG K9F9 57EI=F98 :FCA H<=F8 D5FHM GIDD@
I
=9FG 5B8 K9F9 BCH A5BI:57H
:
IF
H
98 6M H<9 CAD5BM CF
5BM C: H<9 89:9B85BH GI6G
I
=8=5F=9G ,C 85H9	 H<9 A5>C
5 F=HM C: H<9 CAD5BMXG G9HH@9A9BHG 5B8 @9;5@ 7CGHG	 9L79DH :CF 7CGHG C:
7CCF8=B5H=CB	 58A=B=GHF5H=CB	 =BGIF5B79 =BJ9GH=;5H=CB 5B8 5 DCFH=CB C: 89:9BG9 7CGHG	 <5J9 699B 7CJ9F98 =B :I@@ 6M =BGIF5B79	
GI6>
I 97H HC 5DD@=756@9 898I7H=6@9G  CK9J9F	 H<9 CAD5BM 75BBCH DF98=7H K<9H<9F 5B8 HC K<5H 9LH9BH =BGIF5B79 K=@@ 69 5J5=@56@9
5
HC 7CBH=BI9 HC 7CJ9F H<9G9 G9HH@9A9BHG 5B8 @9;5@ 7CGHG	 CF IF=G8=7H=CBG H 
#:?6 )276EJ :D4=@DFC6D
&CH 5DD@=756@9


&(* 
E6> 
 #2C<6E 7@C (68:DEC2?EOD @>>@? BF:EJ (6=2E65 )E@4<9@=56C #2EE6CD 2?5 DDF6C &FC492D6D @7 BF:EJ
)64FC:E:6D
,<9 CAD5BMXG 7CAACB GHC7? HF589G CB H<9 &9K 1CF? +HC7? L7<5B;9 IB89F H<9 GMA6C@ V!0W G C: 96FI5FM 	

	 H<9F9 K9F9 5DDFCL=A5H9@M 	 GHC7?36C @7
)92C6D &FC492D65
G6C286 &C:46
&2:5 A6C )92C6
*@E2= $F>36C @7
)92C6D &FC492D65 2D
&2CE @7 &F3=:4=J
??@F?465 &=2?D
@C &C@8C2>D
#2I:>F> @==2C
,2=F6 E92E #2J /6E
36 &FC492D65 +?56C
E96 &=2?D
@C &C@8C2>D
'7HC69F 	 
 HC '7HC69F 	 

U

U
U

		
&CJ9A69F 	 
 HC &CJ9A69F 
	 

U
U
U
		
979A69F 	 
 HC 979A69F 	 

U
U
U
		
,CH5@
U

U
U

		


".;/8;
/
6*7,. ;*91
,<9 :C@@CK=B; H56@9
5
7CAD5F9G HCH5@ GHC7? 
 0(6D6CG651


E6> 
 #2?286>6?EOD :D4FDD:@? 2?5 ?2=JD:D @7 :?2?4:2= @?5:E:@? 2?5 (6DF=ED @7 %A6C2E:@?D
%1. /8558@270 -2<,
2
><<287 *7- *7*5B<
5
2< <18>5- +. ;.*- 27 ,873>7,=287 @2=1 =1. 869*7BH< 87<852-*=
- .- 27*7,2*5
$=*=.6.7=< *7- ;.5*=.- 78=.< 27 =12< *77>*5 ;.98;
.
= %12< -2<,
2
><<287 6*B ,87=*27 /8;@*;-5884270 <=*=.6.7=< +*<.- >987 ,>;;.7=
.A9.
A
,=*=287< =1*= 27?85?. ;2<4< *7- >7,.;=*27=2.< %1. 869*7BH< *,=>*5 ;.<>5=< *7- =1. =26270 8/ <.5.,=.- .?.7=< ,8>5- -2//.;
2
6*=.;2*55B /;86 =18<. *7=2,29*=.- 27 =1.<. /8;@*;-5884270 <=*=.6.7=< *< * ;.<>5= 8/ <.?.;*5 /*,=8;<
;
27,5>-270 =18<. <.= /8;=1
>7-.; =.6  F#2<4 *,=8;7-.; =1. 1.*-270 F*>=

287*;B $=*=.6.7= &7-.; =1. ";2?*=. $.,>;2=2.< 2=20*=287 #./8
. ;6
,=G -2<,
2
><<.- .5<.
5
@1.;. 27 =12< *77>*5 ;.98;
.
=
%12< -2<,
2
><<287 27,5>-.< ,.;=*27 787" /27*7,2*5 6.*<>;.< =1*= 1*?. +..7 -./27
.
.- *7- ;.,87,25.- =8 =1.2; 68<= -2;.,=5B
,869*;*+5. /27*7,2*5 6.*<>;. 9;.9*;.- 27 *,,8;-*7,.
-
@2=1 *,,8>7=270 9;27,295
2 .< 0.7.;*55B *,,.9=.- 27 =1. &72=.- $=*=.< 8/
6.;2,* F&$ "G >7-.; =1. 1.*-270< F 87
 
" 2<,
2
58<>;.<<287 *5<8
5
27,5>-.<
!9.;*=270 @8;4270 ,*92
* =*5 @12,1 1*< +..7 -./27
.
.- >7-.; =1. 1.*-270 F2:>2-2=B *7- *92
* =*5 #.<8>;,.<G %1. 787"
/27*7,2*5 6.*<>;.< -2<,
2
58<.- +B =1. 869*7B <18>5- 78= +. ,87<2-.;.- *
-
<>+<=2=>=. /8; 8; <>9.
>
;28; =8 /27*7,2*5 6.*<>;.<
9;.9*;.- 27 *,,8;-*7,.
-
@2=1 &$ " %1. /27*7,2*5 ;.<>5=< 9;.9*;.- 27 *,,8;-*7,.
-
@2=1 &$ " *7- =1. ;.,87,252*=287<
/;86 =1.<. ;.<>5=< <18>5- +. ,*;./>55B
.
.?*5>*=.-
%G6CG:6H
!0 =G 5B 5DD@=98 GC@IH=CBG DFCJ=89F GD97=5@=N=B; =B H<9 A5BI:57H
:
IF
H
=B; C: :@I=8 5B8 A9H9F=B; H97IGH98 8=@IH98 (+ 5HHF=6IH56@9 HC !0 C: 	 8CKB 
Q
'D9F5H=B; 75G< :@CK C:  A=@@=CB	 8CKB 	 K5G  C: B9H =B7CA9	 ID :FCA 

Q
F99 75G< :@CK C: 

 A=@@=CB	 8CKB 	 K5G 
 C: 58>I
8 GH98 B9H =B7CA9	 :@5H K=H< DF=CF M95F
Q
CAD@9H98 57EI=G=H=CB C: %CHH CFDCF5H=CB 5B8 =HG GI6G
I
=8=5F=9G V%CHHW CB +9DH9A69F 	 
 :CF 75G< 7CBG=89F5H=CB
C:  A=@@=CB	 B9H C: 75G< 57EI=F98	 IG=B; 5 7CA6=B5H=CB C:  A=@@=CB C: 75G< CB <5B8 5B8  A=@@=CB C:
896H
Q
CAD@9H98 5 DI6@=7 C::9F=
:
B; C: 

 A=@@=CB DF=B7=D5@ 5ACIBH C: 
 +9B=CF &CH9G	 8I9 +9DH9A69F 
	 5G D5FH C:
H<9 :IB8=B; :CF H<9 57EI=G=H=CB C: %CHH
,<9G9 5F9 BCB
( A95GIF9G +99 H<9 89:=B=H=CBG C: H<9G9 BCB
( A95GIF9G 5B8 F97CB7=@=5H=CBG HC H<9=F ACGH 8=F97H@M 7CAD5F56@9 -+ ( :=B5B7=5@
A95GIF9G IB89F H<9 <958=B;G V&CB
( =G7@CGIF9GW 5B8 VF99 5G< @CKW
IF=B; 
	 H<9 CAD5BM 89@=J9F98 GC@=8 9L97IH=CB 5A=8 IB79FH5=B A57FC 7CB8=H=CBG 5B8 7CBH=BI98 HC 89D@CM 75D=H5@
:C7IG98 CB ;FCKH< =B=H=5H=J9G	 =B7@I8=B; 7CAD@9H=B; H<9 57EI=G=H=CB C: %CHH	 K<=7< =G H<9 CAD5BMXG @5F;9GH 57EI=G=H=CB HC 85H9
&9H G5@9G F9:@97HG H<9 69B9:=H C: 57EI=G=H=CBG	 B9H C: 8=J9GH=HIF
H
9G	 5B8 ;FCKH< =B CIF +( G9;A9BH	 K<=7< HC;9H<9F ACGH@M C::G
: 9H
H<9 =AD57H C: @CK9F JC@IA9G :FCA 7CBH=BI98 A5F?9H GC:HB9GG =B CIF  +, G9;A9BH %, G9;A9BH B9H G5@9G K9F9 :@5H CF;5B=75@@M
9GD=H9 A5F?9H 7I
8 GH98 8=@IH98 95FB=B;G
F
D9F G<5F9 C:  5B8 	 F9GD97H=J9@M /9 89@=J9F98
CD9F5H=B; 75G< :@CK C:  A=@@=CB	 K<=7< K5G  C: B9H =B7CA9	 5B8 57<=9J98 :F99 75G< :@CK 7CBJ9FG=CB C: 
 C:
58>I
8 GH98 B9H =B7CA9
 %FE=@@<
%CJ=B; =BHC 
	 H<9 A5>CF=HM C: CIF 9B8 A5F?9HG 5F9 GH56@9 'IF 6IG=B9GG9G 5F9 K9@@
DCG=H=CB98 HC 75D=H5@=N9 CB G97I@5F
;FCKH< HF9B8G H<5H K9 9LD97H K=@@ 9A9F;9 :C@@CK=B; H<=G 7IFF9BH D9F=C8 C: B95F
H9FA IB79FH5=BHM GIFFCIB8=B; -+ HF589 5B8
97CBCA=7 DC@=7M 5B8 CJ9F5@@ <=;< @9J9@G C: ;9CDC@=H=75@ H9BG=CB


/=H<=B  +,	 K9 9LD97H ;FCKH< 8F=J9B 6M 89A5B8 :CF B9K 8=G95G9 H<9F5D=9G 5B8 BIHF=H=CB	 ;@C65@ 7CAAIB=75H=CB G5H9@@=H9
B9HKCF? 9LD5BG=CB	 5B8 9B9F;M 7CBGIADH=CB H=98 HC 85H579BH9FG /9 9LD97H AC89GH ;FCKH< :FCA ?9M 9B8 A5F?9HG =B @=:9 G7=9B79
:@I=8=7G 5B8 CDH=75@ :=@H9FG K<=@9 G9A=7CB8I7HCF K=@@ F9A5=B 89@5M98 IBH=@ H<9 G97CB8 <5@: C: H<9 M95F +9D5F5H9@M	 CIF %,
G9;A9BH 9LD97HG =HG @5F;9GH 5F95 C: ;FCKH< HC 7CA9 :FCA =HG K5H9F 6IG=B9GG9G K<=@9 7CF9 =B8IGHF=5@ A5F?9HG 5F9 9LD97H98 HC
F9A5=B GH56@9 CBHF=6IH=CBG :FCA H<9G9 GD579G 5F9 9LD97H98 HC 69 H9AD9F98 6M DF9GGIF98 89A5B8 =B 9B9F;M 5B8 5;F=7I@HIF9
A5F?9HG	 K<=7< 5F9 9LD9F=9B7=B; H<9 ACGH 9LDCGIF9 HC A5F?9H 7M7@=75@=HM =B5@@M	 K9 9LD97H +( G9;A9BH ;FCKH< K=@@
7CBH=BI9 HC 69 8F=J9B 6M CIF :=F9 5B8 G5:9HM 6IG=B9GG9G 5G &CFH< A9F=75 CF=;=B5@ 9EI=DA9BH A5BI:57H
:
IF
H
9FG 7CBH=BI9 HC F97CJ9F
5B8 CIF =BH9;F5H98 GMGH9AG C::9F=
:
B;G <5J9 =B7F95G98 CIF 7CBH9BH D9F :=F9HFI7?
F
(6DF=ED @7 %A6C2E:@?D
,<9 :C@@CK=B; =G 5 8=G7IGG=CB 5B8 5B5@MG=G C: H<9 CAD5BMXG F9GI@HG C: CD9F5H=CBG :CF H<9 M95F 9B898 979A69F 	 

7CAD5F98 K=H< H<9 M95F 9B898 979A69F 	 
 CF H<9 8=G7IGG=CB F9@5H98 HC H<9 7CBGC@=85H98 F9GI@HG C: CD9F5H=CBG :CF H<9
M95F 9B898 979A69F 	 
 7CAD5F98 K=H< H<9 M95F 9B898 979A69F 	 

A
	 F9:9F HC H<9 CAD5BMXG BBI5@ *9DCFH CB
CFA 
# :CF H<9 M95F 9B898 979A69F 	 
	 K<=7< K5G :=@98 K=H< H<9 + CB 96FI5FM 	 

/62C ?565 646>36C 

92?86
? >:==:@?D 6I46AE A6C D92C6 2>@F?ED



  3AD
CA9GH=7 G5@9G

	

	




!BH9FB5H=CB5@ G5@9G
	

	


$6E D2=6D







L
CGH C: G5@9G
	
	

U
C@DD AC@7:E
7








L
.+// ).$&*




*
	

,/
+9@@=B;	 ;9B9F5@ 5B8 58A=B=GHF5H=J9 9LD9BG9G





*9GHFI7HIF
H
=B; 9LD9BG9G 5B8 5GG9H =AD5=FA9BHG





%A6C2E:?8 :?4@>6







5=B CB G5@9 C: 6IG=B9GG9G 
 B9H






'H<9F =B7CA9 9LD9BG9 T B9H





!BH9F9GH 9LD9BG9 
 B9H




!B7CA9 69:CF9 =B7CA9 H5L9G






(FCJ=G=CB :CF =B7CA9 H5L9G






//.
/ ,=2?. =*A ;*=.


7	*

	

 +9<

$6E :?4@>6 2EEC:3FE23=6 E@ .












:=FE65 62C?:?8D A6C 4@>>@? D92C6 2EEC:3FE23=6 E@ .












"0 ("/
&9H G5@9G K9F9 F9@5H=J9@M :@5H 7CAD5F98 HC H<9 DF=CF M95F	 F9:@97H=B; 5  =B7F95G9 =B 57EI=G=H=CBG	 B9H C: 8=J9GH=HIF9G	 C::G
: 9H
6M 5  897F95G9 =B CF;5B=7 B9H G5@9G ,<9 897F95G9 =B CF;5B=7 B9H G5@9G K5G 8F=J9B 6M @CK9F JC@IA9G 5G 5 F9GI@H C: IB:5J
:
CF56@9
A5F?9H 7CB8=H=CBG	 DF=A5F=@M =B H<9  95@H<  +7=9B79 ,97IB7H=CB K=H< 7CGH A=H=;5H=CB 9::CFHG
:
5G 5 F9GI@H C: A5F?9H 7CB8=H=CBG
&* +* (" +#
+# 1 &/&*"
&
//"/  "0
!B 
	 H<9 CAD5BM 7CAD@9H98 H<9 G5@9 C: @:5 .5@JC@9	 +F@ V@:5 .5@JC@9W :CF DFC7998G C:  A=@@=CB	 B9H C: 75G<
F9A=HH98	 F9GI@H=B; =B 5 ;5=B CB H<9 G5@9 C: 
 A=@@=CB	 B9H C: 5 F9@95G9 C: 7IAI@5H=J9 :CF9=;B 7IFF9B7M HF5BG@5H=CB @CGG9G C:
 A=@@=CB !B 
	 H<9 CAD5BM 7CAD@9H98 H<9 G5@9 C: %=7FCDIAD	 !B7 V%=7FCDIADW :CF DFC7998G C: 
 A=@@=CB	 B9H
C: 75G< F9A=HH98	 K<=7< F9GI@H98 =B 5 DF9
H5L ;5=B C:  A=@@=CB	 5B8 H<9 G5@9 C: &CJCH9A5	 +D V&CJCH9A5W :CF DFC7998G
C:  A=@@=CB	 B9H C: 75G< F9A=HH98	 K<=7< F9GI@H98 =B 5 @CGG C:  A=@@=CB CF 588=H=CB5@ =B:CFA5H=CB	 F9:9F HC &CH9 	
V7EI=G=H=CBG 5B8 =J9GH=HIF9G	W =B H<9 &CH9G HC CBGC@=85H98 =B5B7=5@ +H5H9A9BHG
0%".
0
* 

+)" 4,"
4
0
*/" 6 *"0
'H<9F =B7CA9 9LD9BG9 T B9H K5G  A=@@=CB C: =B7CA9 =B 
 7CAD5F98 HC  A=@@=CB C: 9LD9BG9 =B 
 ,<9
7<5B;9 K5G DF=A5F=@M 8I9 HC H<9 56G9B79 C: 5  A=@@=CB 7F98=H @CGG F9G9FJ9 CB 5B =BJ9GHA9BH K=H< 5 7C@@56CF
5
5H=J9 D5FHB9F G99
&CH9 	 VC@@56CF
5
5H=J9 !BJ9GHA9BHG	W =B H<9 &CH9G HC CBGC@=85H98 =B5B7=5@ +H5H9A9BHG :CF :IFH<9F 89H5=@ =B 
 H<5H 8=8 BCH
F9C77IF =B 

*0"."/0 4,"
4
*/"  "0
!BH9F9GH 9LD9BG9 
 B9H 897F95G98 DF=A5F=@M 8I9 HC <=;<9F =BH9F9GH 95FB98 CB
F
75G< 65@5B79G =B 
	 D5FH=5@@M C::G
: 9H 6M
=B7F9A9BH5@ =BH9F9GH 9LD9BG9 =B 
	 =B7@I8=B; H<9 =AD57H C: <=;<9F 896H CIHGH5B8=B; HC :=B5B79 H<9 57EI=G=H=CB C: %CHH
* +)" 4"/

,<9 
 9::9
: 7H=J9 H5L F5H9 K5G  5G 7CAD5F98 K=H< H<9 
 9::9
: 7H=J9 H5L F5H9 C:  'B9
H=A9 8=G7F9H9 H5L
69B9:=HG @CK9F98 H<9 9::9
: 7H=J9 H5L F5H9 =B 
 5B8 
 CF 588=H=CB5@ =B:CFA5H=CB	 F9:9F HC &CH9 	 V!B7CA9 ,5L9G	W =B H<9
&CH9G HC CBGC@=85H98 =B5B7=5@ +H5H9A9BHG
!B '7HC69F 
	 A9A69FG C: H<9 'F;5B=N5H=CB :CF 7CBCA=7 C
CD9F5H=CB 5B8 9J9@CDA9BH V'W 5B8 
 !B7@IG=J9
F5A9KCF? CB 5G9 FCG=CB 5B8 (FC:=H
:
+<=:H=B; 5;F998 HC 5 HKC
D=@@5F GC@IH=CB HC 588F9GG H<9 H5L 7<5@@9B;9G 5GGC7=5H98 K=H< H<9
8=;=H5@=N5H=CB C: H<9 97CBCAM !B 979A69F 
	 H<9 ' F9@95G98 H<9 (=@@5F ,KC %C89@ *I@9G V(=@@5F ,KCW	 K<=7< 89:=B9
H<9 ;@C65@ A=B=AIA H5L 5B8 75@@ :CF H<9 H5L5H=CB C: @5F;9 7CFDCF5H=CBG 5H 5 A=B=AIA F5H9 C:  /<=@9 =H =G IB79FH5=B K<9H<9F
H<9 -B=H98 +H5H9G K=@@ 9B57H @9;=G@5H=CB HC 58CDH (=@@5F ,KC	 79FH5=B 7CIBHF=9G =B K<=7< K9 CD9F5H9 <5J9 9B57H98 @9;=G@5H=CB	 5B8
CH<9F 7CIBHF=9G 5F9 =B H<9 DFC79GG C: =BHFC8I7=B; 8F5:H @9;=G@5H=CB HC =AD@9A9BH H<9 A=B=AIA H5L 8=F97H=J9 %5BM 5GD97HG C:
(=@@5F ,KC 6975A9 9::9
: 7H=J9 "5BI5FM 	 
 IF=G8=7H=CBG =B K<=7< !0 CD9F5H9G <5J9 5B 9::9
: 7H=J9
H5L F5H9 56CJ9 H<9  H6?ED
,<9 CAD5BM <5G HI
8 GH98 95FB=B;G
F
69:CF9 =BH9F9GH	 =B7CA9 H5L9G	
89DF97=5H=CB 5B8 5ACFH=N5H=CB V8>I
8 GH98 !,W 5B8 8>I
8 GH98 !, A5F;=B


5>2-  .=.;270 %.,1785802.< $.06.7=
/62C ?565 646>36C 

@>A@?6?ED @7 92?86
? >:==:@?D


92?86
%C82?:4
4B:G

@C6:8?
FCC6?4J
*@E2=
CA9GH=7 G5@9G




U
!BH9FB5H=CB5@ G5@9G




&9H G5@9G
 	
 	

U

U

8>I
8 GH98 !,






U

8>I
8 GH98 !, A5F;=B



 6DG

 6DG
U 6DG

 6DG

 6DG
 =J9GH=HIF9G =B7@I898 @:5 .5@JC@9	 GC@8 =B "IB9 

Q
'F;5B=7 B9H G5@9G K9F9 DCG=H=J9@M =AD57H98 6M DF=79 75DHIF9 5B8 H5F;9H98 ;FCKH< =B=H=5H=J9G	 K<=7< K9F9 C::G
: 9H 6M
@CK9F JC@IA9G	 8F=J9B DF=A5F=@M 6M GC:HB9GG =B 5;F=7I@HIF9 5B8 9B9F;M A5F?9HG +HF9B;H< =B AIB=7=D5@ K5H9F A5F?9HG
K5G AIH98 6M GC:HB9GG =B H<9 G9A=7CB8I7HCF 75D=H5@ 7CBGHFI7
F
H=CB A5F?9H K=H<=B CIF K5H9F 6IG=B9GG
Q
8>IGH98 !, A5F;=B 897F95G98 DF=A5F=@M 8I9 HC <=;<9F 9AD@CM99
F9@5H98 7CGHG	 <=;<9F 8=G7F9H=CB5FM GD9B8=B;
5B8 IB:5J
:
CF56@9 A=L	 D5FH=5@@M C::G
: 9H 6M GHFCB; DF=797CGH 5B8 :5JCF56@9 CD9F5H=CB5@ DFC8I7H=J=HM	 B9H C: @CK9F JC@IA9
@9J9F5;9
.*5=1  $,2.7,. %.,1785802.< $.06.7=
/62C ?565 646>36C 

@>A@?6?ED @7 92?86
? >:==:@?D


92?86
%C82?:4
4B:G

@C6:8?
FCC6?4J
*@E2=
CA9GH=7 G5@9G




U
!BH9FB5H=CB5@ G5@9G




&9H G5@9G
	
	



U

8>I
8 GH98 !,






U

8>I
8 GH98 !, A5F;=B



 6DG

 6DG

 6DG
U 6DG

 6DG
 7EI=G=H=CBG =B7@I898 !F=8=5B +D97HF5@ ,97I
8 GH98 !, A5F;=B 897F95G98 DF=A5F=@M 8I9
HC <=;<9F 9AD@CM99
F9@5H98 7CGHG 5B8 IB:5J
:
CF56@9 A=L	 D5FH=5@@M C::G
: 9H 6M DF=797CGH	 @CK9F 8=G7F9H=CB5FM GD9B8=B; 5B8
:5JCF56@9 CD9F5H=CB5@ DFC8I7H=J=HM	 B9H C: @CK9F JC@IA9 @9J9F5;9
2;.  $*/.=B	
/
2
	
?.;<2
; /2.-
2
";8->,=< $.06.7=
/62C ?565 646>36C 

@>A@?6?ED @7 92?86
? >:==:@?D


92?86
%C82?:4
4B:G
@C6:8?
FCC6?4J
*@E2=
CA9GH=7 G5@9G





!BH9FB5H=CB5@ G5@9G



&9H G5@9G






U
U

8>I
8 GH98 !,





U
U

8>I
8 GH98 !, A5F;=B




 6DG

 6DG
U 6DG
U 6DG

 6DG
Q
'F;5B=7 B9H G5@9G K9F9 DCG=H=J9@M =AD57H98 6M GHFCB; H5F;9H98 ;FCKH< =B=H=5H=J9G	 7CBH=BI98 F97CJ9FM =B :=F9 CF=;=B5@
9EI=DA9BH A5BI:57H
:
IF
H
9F A5F?9HG 5B8 DF=79 75DHIF9 ,<9G9 =B7F95G9G K9F9 D5FH=5@@M C::G
: 9H 6M IB:5J
:
CF56@9 A=L 8I9 HC H<9


7M7@=75@ B5HIF9 C: DFC>97H G5@9G =B CIF &CFH< A9F=75B 8=GD9BG=B; 6IG=B9GG 5B8 GC:H9F 89A5B8 =B 5IHCACH=J9 5B8
=B8IGHF=5@ A5F?9HG
Q
,<9 897F95G9 =B 8>I
8 GH98 !, A5F;=B K5G DF=A5F=@M 8I9 HC <=;<9F 9AD@CM99
F9@5H98 7CGHG 5B8 IB:5J
:
CF56@9 A=L	
D5FH=5@@M C::G
: 9H 6M DF=797CGH
":BF:5:EJ 2?5 2A:E2= (6D@FC46D
&-1&!&05
5G98 CB A5B5;9A9BHXG 7IFF9BH 9LD97H5H=CBG 5B8 7IFF9BH@M 5J5=@56@9
5
=B:CFA5H=CB	 H<9 CAD5BM 69@=9J9G 7IFF9BH 75G<	 75G<
:FCA CD9F5H=CBG 5B8 75G< 5J5=@56@9 IB89F
5
H<9 *9JC@J=B; 57=@=HM K=@@ 69 GI::=7=9BH HC A99H =HG CD9F5H=B;
<
75G< F9
=
EI=F9A9BHG	
D@D@5B
8
B98 75D= @
=H5@ 9L
8=
D9B8=HIF9G	 =BH9F9GH
8
5B8 DF=B =7=
@
D5@ D5MA9BHG CB
@@
5@@ 6CFFC =
K= ;
B;G	 D9BG=CB
8
5B8 DCGHF9H=F9A9BH :IB8=B;
B8=B;
F9
=
EI=F9A9BHG	
<
G<5F9 F9DIF <
8
7<5G9G 5B8 EI5FH9F@M
F@M 8=8=J=89B8 D5MA
J=89B8 D5MA9BHG HC < @8
:==:@?D
646>36C 
 
/CF?=B; 75D=H5@


IFF9BH F5H=C
 HC 
5G< 5B8 75G< 9EI=J5@9BHG



5G< <9@8 CIHG=89 C: H<9 -B=H98 +H5H9G

*9JC@J=B; 57=@=HM 75D57=HM




CFFCK=B;G

$9HH9FG C: 7F98=H

*9JC@J=B; 57=@=HM 5J5=@56=
5 @=HM


,".0&*$
0
+.'&*$ ,&
 0(
&
'D9F5H=B; KCF?=B; 75D=H5@	 75@7I@5H98 5G *979=J56@9G T B9H D@IG !BJ9BHCF=9G T B9H A=BIG ,F589 577CIBHG D5M56@
5 9	 =G IG98 6M
A5B5;9A9BH 5G 5 A95GIF9A9BH C: CD9F5H=CB5@ F9GI@HG 5G K9@@ 5G H<9 G:==:@?D
646>36C 
 
646>36C 
 
92?86
%C82?:4 92?86
*979=J56@9G T B9H








!BJ9BHCF=9G T B9H





$9GG ,F589 577CIBHG D5M56@9




'D9F5H=B; KCF?=B; 75D=H5@








'D9F5H=B; KCF?=B; 75D=H5@ =B7F95G98  A=@@=CB HC  A=@@=CB 5H 979A69F 	 
 7EI=G=H=CBG	 8=J9GH=HIF9G 5B8
:CF9=;B 7IFF9B7M HF5BG@5H=CB =B7F95G98 'D9F5H=B; KCF?=B; 75D=H5@ 6M 
 A=@@=CB 8IF=B; 
 D5FH :FCA H<9G9 =H9AG	
F979=J56@9G =B7F95G98 8I9 HC GHFCB; DF=79 75DHIF9	 K<=7< ACF9 H<5B C::G
: 9H H<9 =AD57H C: @CK9F JC@IA9G =BJ9BHCF=9G 897F95G98
K=H< @CK9F JC@IA9G 5B8 H5F;9H98 57H=CBG HC @CK9F =BJ9BHCFM @9J9@G 5B8 577CIBHG D5M56@9 =B7F95G98 5G 5 F9GI@H C: H=A=B; C:
D5MA9BHG :CF =BJ9BHCFM DIF7<5G9G


/% (+3
(
1)).5
,<9 :C@@CK=B; H56@9
5
=G 89F=J98 :FCA H<9 CBGC@=85H98 +H5H9A9BHG C: 5G< @CKG
/62C ?565 646>36C 

? >:==:@?D


92?86
&9H 75G< :@CKG DFCJ=898 6M IG98 =B
'D9F5H=B; 57H=J=H=9G






!BJ9GH=B; 57H=J=H=9G
	




=B5B7=B; 57H=J=H=9G




!9.;*=270 ,=2?2=2.<
5G< :@CKG DFCJ=898 6M CD9F5H=B; 57H=J=H=9G 897F95G98  A=@@=CB HC  A=@@=CB =B 
 DF=A5F=@M 8I9 HC @CK9F
95FB=B;G
F
5B8 H<9 H=A=B; C: 7IGHCA9F 89DCG=HG 5B8 DFC>97H 89@=J9F=9G 5G K9@@ 5G @5F;9F =BJ9BHCFM F98I7H=CBG =B H<9 DF=CF M95F
D9F=C8 $CK9F 75G< D5MA9BHG =B 
 7CAD5F98 HC H<9 DF=CF M95F	 =B7@I8=B; D5MA9BHG :CF H5L9G	 J5F=56@9 7CAD9BG5H=CB 5B8
=BH9F9GH	 D5FH=5@@M A=H=;5H98 H<9G9 =H9AG
7?.<=270 ,=2?2=2.<
5G< :@CKG IG98 =B =BJ9GH=B; 57H=J=H=9G =B7F95G98  A=@@=CB =B 
 ,<9 B9H =AD57H C: 57EI=G=H=CBG 5B8 8=J9GH=HIF9G
=B7F95G98 75G< IG98 =B =BJ9GH=B; 57H=J=H=9G 6M  A=@@=CB 8IF=B; 
 5G 7CAD5F98 HC 
	 DF=A5F=@M F9@5H98 HC H<9
57EI=G=H=CB C: %CHH =B 
 ,<=G =B7F95G9 =B 75G< CIH:@CKG K5G D5FH=5@@M C::G
: 9H 6M @CK9F 75D=H5@ 9LD9B8=HIF9G	 K<=7< 897F95G98
75G< IG98 =B =BJ9GH=B; 57H=J=H=9G 6M  A=@@=CB	 5G 7CAD5F98 HC 
 CF 588=H=CB5@ =B:CFA5H=CB CB H<9 CAD5BMXG
57EI=G=H=CB 5B8 8=J9GH=HIF9G	 F9:9F HC &CH9 	 V7EI=G=H=CBG 5B8 =J9GH=HIF9G	W =B H<9 &CH9G HC CBGC@=85H98 =B5B7=5@ +H5H9A9BHG
27*7,270 ,=2?2=2.<
5G< :@CKG DFCJ=898 6M :=B5B7=B; 57H=J=H=9G =B7F95G98 
 A=@@=CB =B 
 DF=A5F=@M 8I9 HC  A=@@=CB C: B9H
DFC7998G =B 7CBB97H=CB K=H< H<9 :=B5B7=B; C: H<9 57EI=G=H=CB C: %CHH =B 
	 5G 7CAD5F98 K=H< 


 A=@@=CB C: B9H DFC7998G
:FCA 6CFFCK=B;G =B 
 88=H=CB5@@M	 F9D5MA9BHG C: @CB;
H9FA 6CFFCK=B;G 5B8 F9JC@J=B; 7F98=H :57=@=H=9G K9F9 
 A=@@=CB
@CK9F =B 
	 5B8 G<5F9 F9DIF7<5G9G K9F9 @CK9F 6M  A=@@=CB =B 
	 K<=7< K9F9 D5FH@M C::G
: 9H 6M <=;<9F 8=J=89B8G D5=8 HC
G<5F9I
8 GH98 B9H =B7CA9 5HHF=6IH56@9 HC !0
,<9 :C@@CK=B; H56@9
5
F97CB7=@9G 75G< :@CKG DFCJ=898 6M CD9F5H=B; 57H=J=H=9G HC :F99 75G< :@CK
/62C ?565 646>36C 

? >:==:@?D


5G< :@CKG DFCJ=898 6M CD9F5H=B; 57H=J=H=9G




$9GG 75D=H5@ 9LD9B8=HIF9G


F99 75G< :@CK





*9DCFH98 B9H =B7CA9 5HHF=6IH56@9 HC !0





8>I
8 GH98 B9H =B7CA9 5HHF=6IH56@9 HC !0


'D9F5H=B; 75G< :@CK 5G 5 D9F79BH C: B9H =B7CA9



F99 75G< :@CK 7CBJ9FG=CB






/% "-1&.")"*0/
87=;*
=
,=> 5*5
+
!+520
520*=287<
<
,<9 CAD5BMXG
<
75G< F9
=
EI=F9A9
8
BHG IB89F 7CBHF57H
@ 6@
I5@ C6@
H
=;=;5H=CBG =B @7@ 8
I89
Q
CFFC =
K= ;
B;G
8
5B8 F9@
8 =
@5H98 =BH9F9GH 
 +99 &CH9 	 VCFFC =
K= ;
B;G	W =B +<.:>.7= 8;;8@270< ,=2?2=B
IF=B; "5BI5FM 
	 H<9 CAD5BM F9D5=8 
 A=@@=CB C: H<9  A=@@=CB CIHGH5B8=B; IB89F H<9 *9JC@J=B; 57=@=HM 5H
979A69F 	 

*92
* =*5 A9.7-2
A
=>;.<
5 =D=
5
@
H5@ 9L
8=
D9B8=HIF9G ;9B9F5@@M
@@M =B @7@ 8
I89 A5 <
7<=B9FM 5B8 9E
9FM 5B8 9E =I=DA9BH 
I 97H HC 7FCGG
5779@9F5H=CB DFCJ=G=CBG CF 5 8=G7IGG=CB C: H<9 CAD5BMXG *9JC@J=B;
57=@=HM	 ,9FA 57=@=HM 5B8 +9B=CF &CH9G 5G K9@@ 5G H<9 5GGC7=5H98 7CJ9B5BHG	 F9:9F HC &CH9 	 VCFFCK=B;G	W =B H<9 &CH9G HC
CBGC@=85H98 =B5B7=5@ +H5H9A9BHG
."!&0
!
0&*$/
,<9 CAD5BMXG 7F98=H F5H=B;G	 K<=7< K9F9 =B89D9B89BH@M 89J9@CD98 6M H<9 :C@@CK=B; 7F98=H 5;9B7=9G	 5F9 89H5=@98 69@CK
Q +( @C65@ *5H=B;G F95::=FA
:
98 H<9 CAD5BMXG 7CFDCF5H9 7F98=H F5H=B; C:  GH56@9 CIH
5
@CC? =B +9DH9A69F 

Q %CC8MXG !BJ9GHCFG +9FJ=79 5::=FA
:
98 H<9 CAD5BMXG 7CFDCF5H9 7F98=H F5H=B; C: 55 GH56@9 CIH
5
@CC? =B I;IGH 



Q =H7< *5H=B;G F95::=FA
:
98 H<9 CAD5BMXG 7CFDCF5H9 7F98=H F5H=B; C:  GH56@9 CIH
5
@CC? =B "IB9 

##
#
(* " %""0 
..*$")"*0/
,<9 CAD5BM <58  A=@@=CB C: @9HH9FG C: 7F98=H 5G C: 979A69F 	 
	 DF=A5F=@M =GGI98 5G G97IF=HM :CF =BGIF5B79 5B8
CH<9F D9F:CFA5B79 C6@=;5H=CBG ': H<9  A=@@=CB C: @9HH9FG C: 7F98=H	 CB@M  A=@@=CB F98I798 H<9 CAD5BMXG 6CFFCK=B;
75D57=HM IB89F H<9 *9JC@J=B; 57=@=HM 5G C: 979A69F 	 
 ,<9 CAD5BM <5G F9GHF=7H98 75G< C:  A=@@=CB 5G C:
979A69F 	 
	 K<=7< F9DF9G9BHG 75G< <9@8 5G 7C@@5H9F5@ :CF GH5B86M @9HH9FG C: 7F98=H =GGI98 6M %CHH 5B8 =G F9EI=F98 HC ?99D
H<9 65@5B79 =B 5 G9D5F5H9 577CIBH :CF H<9 8IF5H=CB C: H<9 @9HH9FG C: 7F98=H
L79DH 5G 8=G7@CG98 56CJ9	 H<9 CAD5BM <5G BC C::
6
:
5@5B79 G<99H 5FF5B;9A9BHG H<5H 7IFF9BH@M <5J9 CF 5F9 F95GCB56@M @=?9@M
HC <5J9 5 A5H9F=5@ 9::9
: 7H CB H<9 CAD5BMXG 7CBGC@=85H98 :=B5B7=5@ 7CB8=H=CB	 7<5B;9G =B :=B5B7=5@ 7CB8=H=CB	 F9GI@HG C:
CD9F5H=CBG	 @=EI=8=HM	 75D=H5@ 9LD9B8=HIF9G CF 75D=H5@ F9GCIF79G
C:E:42= 44@F?E:?8 DE:>2E6D
,<9 CAD5BM 69@=9J9G H<5H H<9 5DD@=75H=CB C: H<9 :C@@CK=B; 577CIBH=B; DC@=7M	 K<=7< =G =ADCFH5BH HC =HG :=B5B7=5@ DCG=H=CB
5B8 F9GI@HG C: CD9F5H=CBG	 F9EI=F9G G=;B=:=75BH >I8;A9BHG 5B8 9GH=A5H9G CB H<9 D5FH C: A5B5;9A9BH CF 5 GIAA5FM C: H<9
CAD5BMXG 577CIBH=B; DC@=7=9G	 =B7@I8=B; H<9 577CIBH=B; DC@=7M 8=G7IGG98 69@CK	 G99 &CH9 	 V+=;B=:=75BH 77CIBH=B;
(C@=7=9G	W =B H<9 &CH9G HC CBGC@=85H98 =B5B7=5@ +H5H9A9BHG
88-@2
-
55 *7- 27-./272=.
.
52?.- 27=*702+5. *<<.=< U CC8K=@@ 5B8 CH<9F =BH5B;=6@9 5GG9HG K=H< =B89:=B=H9 @=J9G	 K<=7< 7CBG=GHG
GC@9@M C: HF589 B5A9G	 5F9 BCH 5ACFH=N98 F5H<9F H<9M 5F9 H9GH98 :CF =AD5=FA9BH 5H @95GH 5BBI5@@M	 CF ACF9 :F9EI9BH@M =: 9J9BHG CF
7=F7IAGH5B79G =B8=75H9 H<5H H<9 5GG9H A5M 69 =AD5=F98 ,<9 CAD5BM :C@@CKG H<9 ;I=85B79 DF9G7F=698 =B 77CIBH=B; +H5B85F8G
C8=:=75H=CB V+W 
	 88-@255 *7- !=1.;
=
7=*702+5. <<.=<	 HC H9GH ;CC8K=@@ 5B8 =B89:=B=H9
@=J98 =BH5B;=6@9 5GG9HG :CF
=AD5=FA9BH !B 5GG9GG=B; ;CC8K=@@ :CF =AD5=FA9BH	 H<9 CAD5BM 89H9FA=B9G H<9 :5=F J5@I9 C: 957< F9DCFH=B; IB=H IH=@=N=B; 5B
=B7CA9 5DDFC57< 8=G7CIBH98 75G< :@CKG K9=;97H=CBG	 5BH=7=D5H98 :IHIF9 75G< :@CKG	 H<9 K9=;AE:@?D
A

(2?86

(2?86
/9=;I
8 GH98 ;FCGG DFC:=H	
:
8>I
8 GH98 ;FCGG A5F;=B	 8>I
8 GH98 B9H =B7CA9
5HHF=6IH56@9 HC !0	 8>I
8 GH98 8=@IH98 (+ 5HHF=6IH56@9 HC !0	 CBGC@=85H98 8>I
8 GH98 95FB=B;G
F
69:CF9 =BH9F9GH	 =B7CA9 H5L9G	
89DF97=5H=CB 5B8 5ACFH=N5H=CB V8>I
8 GH98 !,W 5B8 CBGC@=85H98 8>I
8 GH98 !, A5F;=B HC H<9=F F9GD97H=J9 ACGH
8=F97H@M 7CAD5F56@9 -+ ( A95GIF9 %5B5;9A9BH IG9G H<9G9 A9HF=7G HC A95GIF9 D9F:CFA5B79 C: H<9 CAD5BM G=B79 H<9M
9L7@I89 =H9AG H<5H 5F9 BCH F9:@97H=J9 C: CB;C=B; CD9F5H=CBG	 5G =89BH=:=98 =B H<9 F97CB7=@=5H=CBG 69@CK %5B5;9A9BH 5@GC
GIDD@
I
9A9BHG =HG -+ ( :=B5B7=5@ GH5H9A9BHG K=H< 58>I
8 GH98 =B:CFA5H=CB HC DFCJ=89 =BJ9GHCFG K=H< ;F95H9F =BG=;I
8 GH98 !, 5G =HG A95GIF9 C: G9;A9BH D9F:CFA5B79	 5B8 69@=9J9G =H =G 5 IG9:I@
:
=B8=75HCF C: H<9
GHF9B;H< 5B8 D9F:CFA5B79 C: H<9 CAD5BM 5B8 =HG G9;A9BHGX CB;C=B; 6IG=B9GG CD9F5H=CBG	 5G K9@@ 5G 5 K5M :CF =BJ9GHCFG HC
9J5@I5H9 5B8 7CAD5F9 CD9F5H=B; D9F:CFA5B79 5B8 J5@I9 7CAD5B=9G K=H<=B H<9 CAD5BMXG =B8IGHFM
F
%5B5;9A9BH 69@=9J9G H<5H
8>I
8 GH98 !, A5F;=B =G IG9:I@
:
:CF H<9 G5A9 F95GCB 5G 8>I
8 GH98 !, ,<9 89:=B=H=CB C: 8>I
8 GH98 !, IG98 <9F9
A5M 8=::9F :FCA H<5H IG98 6M CH<9F 7CAD5B=9G
,<=G F9DCFH 5@GC F9:9F9B79G :F99 75G< :@CK 5B8 :F99 75G< :@CK 7CBJ9FG=CB ,<9G9 BCB
( A95GIF9G 5F9 8=G7IGG98 5B8
F97CB7=@98 HC H<9=F ACGH 8=F97H@M 7CAD5F56@9 -+ ( A95GIF9 =B H<9 G97H=CB 56CJ9 H=H@98 VF99 5G< @CKW
,<9 BCB
( :=B5B7=5@ A95GIF9G 8=G7@CG98 6M H<9 CAD5BM G36C 



#*
)*
)&
.
#*
)*
)&
.
<5B;9 =B B9H G5@9G



U




$9GG
&9H =AD57H :FCA 57EI=G=H=CBG8=J9GH=HIF9G


U



U

!AD57H :FCA :CF9=;B 7IFF9B7M
U
U
U
U
U
U
U
U
!AD57H :FCA H<9 9L=H C: 5 '.!
 H9GH=B;
5DD@=75H=CB
U
U
U
U
U

U

<5B;9 =B CF;5B=7 B9H G5@9G
U









 (64@?4:=:2E:@?D @7 (6A@CE65	E@	5;FDE65 C@DD &C@7:E
7
2?5 C@DD #2C8:? :? >:==:@?D
@C E96 /62CD ?565 646>36C 



FCGG DFC:=H
:

	

	
5=F J5@I9 =BJ9BHCFM GH9D
ID 7<5F;9G


8>I
8 GH98 ;FCGG DFC:=H
:

	

	
&9H G5@9G

	

	
FCGG A5F;=B


8>I
8 GH98 ;FCGG A5F;=B





 (64@?4:=:2E:@?D @7 (6A@CE65	E@	5;FDE65 $6E ?4@>6 EEC:3FE23=6 E@ . 2?5 :=FE65 &) EEC:3FE23=6 E@ .
:? >:==:@?D 6I46AE A6C D92C6 2>@F?ED
@C E96 /62CD ?565 646>36C 



*9DCFH98 B9H =B7CA9 5HHF=6IH56@9 HC !0





5=F J5@I9 =BJ9BHCFM GH9D
ID 7<5F;9G


,5L =AD57H CB :5=F J5@I9 =BJ9BHCFM GH9D
ID 7<5F;9G




*9GHFI7HIF
H
=B; 9LD9BG9G 5B8 5GG9H =AD5=FA9BHG



,5L =AD57H CB F9GHFI7HIF
H
=B; 9LD9BG9G 5B8 5GG9H =AD5=FA9BHG


5=B CB G5@9 C: 6IG=B9GG9G 
 B9H



,5L =AD57H CB ;5=B CB G5@9 C: 6IG=B9GG9G 
 B9H
U

F98=H @CGG CB BCH9 F979=J56@9 :FCA 7C@@56CF
5
5H=J9 D5FHB9F
F
U

,5L =AD57H CB 7F98=H @CGG CB BCH9 F979=J56@9
5
:FCA 7C@@56CF
5
5H=J9 D5FHB9F
U

7EI=G=H=CB
F9@5H98 =BH5B;=6@9 5GG9H 5ACFH=N5H=CB



,5L =AD57H CB 57EI=G=H=CB
F9@5H98 =BH5B;=6@9 5GG9H 5ACFH=N5H=CB


8>I
8 GH98 B9H =B7CA9 5HHF=6IH56@9 HC !0




*9DCFH98 8=@IH98 (+ 5HHF=6IH56@9 HC !0




5=F J5@I9 =BJ9BHCFM GH9D
ID 7<5F;9G





,5L =AD57H CB :5=F J5@I9 =BJ9BHCFM GH9D
ID 7<5F;9G



U
*9GHFI7HIF
H
=B; 9LD9BG9G 5B8 5GG9H =AD5=FA9BHG




,5L =AD57H CB F9GHFI7HIF
H
=B; 9LD9BG9G 5B8 5GG9H =AD5=FA9BHG






5=B CB G5@9 C: 6IG=B9GG9G 
 B9H




,5L =AD57H CB ;5=B CB G5@9 C: 6IG=B9GG9G 
 B9H
U


F98=H @CGG CB BCH9 F979=J56@9 :FCA 7C@@56CF
5
5H=J9 D5FHB9F
F
U


,5L =AD57H CB 7F98=H @CGG CB BCH9 F979=J56@9
5
:FCA 7C@@56CF
5
5H=J9 D5FHB9F
U



7EI=G=H=CB
F9@5H98 =BH5B;=6@9 5GG9H 5ACFH=N5H=CB


,5L =AD57H CB 57EI=G=H=CB
F9@5H98 =BH5B;=6@9 5GG9H 5ACFH=N5H=CB




8>I
8 GH98 8=@IH98 (+ 5HHF=6IH56@9 HC !0




=@IH98 K9=;6 E@ 5;F
5
DE65 * :? >:==:@?D
@C E96 /62CD ?565 646>36C 



*9DCFH98 B9H =B7CA9





(FCJ=G=CB :CF =B7CA9 H5L9G


!BH9F9GH 9LD9BG9 T B9H


5=B CB G5@9 C: 6IG=B9GG9G 
 B9H



9DF97=5H=CB


ACFH=N5H=CB



5=F J5@I9 =BJ9BHCFM GH9D
ID 7<5F;9G


*9GHFI7HIF
H
=B; 9LD9BG9G 5B8 5GG9H =AD5=FA9BHG



F98=H @CGG CB BCH9 F979=J56@9 :FCA 7C@@56CF
5
5H=J9 D5FHB9F
U

8>I
8 GH98 !,




8>I
8 GH98 !, CADCB9BHG
%,





 +,


+(



CFDCF5H9 5B8 CH<9F



,CH5@ 8>I
8 GH98 !,




&9H G5@9G

	

	
&9H =B7CA9 A5F;=B
 
 
8>I
8 GH98 !, A5F;=B
 
 
 *9DF9G9BHG H<9 G5@9G :FCA 57EI=F98 CF 8=J9GH98 6IG=B9GG9G 8IF=B; H<9 :=FGH  ACBH 
'F2?E:E2E:G6 2?5 'F2=:E2E:G6 :D4=@DFC6D 3@FE #2C<6E (:D<
,<9 CAD5BM =G GI6>
I 97H HC A5F?9H F=G? 5GGC7=5H98 K=H< 7<5B;9G =B :CF9=;B 7IFF9B7M 9L7<5B;9 F5H9G 5B8 =BH9F9GH F5H9G 5G K9@@
5G =B:@5H=CB5FM :57HCFG
+."&$* 1.."* 5 4 %*$" 0"/
,<9 CAD5BMXG :CF9=;B 7IFF9B7M 9L7<5B;9 F5H9 F=G? =G @=A=H98 DF=B7=D5@@M HC H<9 IFC	 +K=GG F5B7	 5B58=5B C@@5F	
F=H=G< (CIB8	 !B8=5B *ID9
I
9	 <=B9G9 *9BA=B6=	 +K98=G< #FCB5	 "5D5B9
5
G9 19B 5B8 F5N=@=5B *95@ ,<9 CAD5BM A5B5;9G =HG
:CF9=;B 9L7<5B;9 F=G? DF=B7=D5@@M HI
8 GH98
,9FA +'* CF 5DDFCDF=5H9 5@H9FB5H=J9 7IFF9B7M F9:9F9B79 F5H9G D@IG	 =B 957< 75G9	 5B 5DD@=756@9 A5F;=B 65G98 CB H<9 @CK9F C:
H<9 CAD5BMXG G9B=CF	 IBG97IF98	 @CB;
H9FA 896H F5H=B; CF H<9 CAD5BMXG 5DD@=756@9 @9J9F5;9 F5H=C H 979A69F 	 
	
H<9F9 K5G  A=@@=CB CIHGH5B8=B; IB89F H<9 *9JC@J=B; 57=@=HM K=H< 5B =BH9F9GH F5H9 C: 
*#(
* 0
( &+*
0
&/'
&
/9 GCIF79 5 K=89 J5F=9HM C: A5H9F=5@G 5B8 7CADCB9BHG :FCA 5 B9HKCF? C: ;@C65@ GIDD@
I
=9FG /<=@9 A5H9F=5@G 5F9 HMD=75@@M
5J5=@56@9
5
:FCA BIA9FCIG GIDD@
I
=9FG	 H<9M 5F9 GI6>
I 97H HC DF=79 :@I7HI5H=CBG	 =B7@I8=B; H<9 =AD57H C: B9K CF =B7F95G98 H5F=::G CB
=ADCFHG	 K<=7< 7CI@8 <5J9 5 B9;5H=J9 =AD57H CB CIF F9GI@HG /9 G99? HC A=B=A=N9 H<9 9::9
: 7HG C: =B:@5H=CB 5B8 7<5B;=B; DF=79G
H 
:?2?4:2= )E2E6>6?ED 2?5 )FAA=6>6?E2CJ 2E2
#$#$*O) (&%(* %$ $*($" %$*(%" %,( $$" (&%(*$
%5B5;9A9BH =G F9GDCBG=6@9 :CF 9GH56@
5 =G<=B; 5B8 A5=BH5=B=B; 589EI5
E
H9 =BH9FB5@ 7CBHFC@ CJ9F :=B5B7=5@ F9DCFH=B; !BH9FB5@
7CBHFC@ CJ9F :=B5B7=5@ F9DCFH=B; =G 5 DFC79GG HC DFCJ=89 F95GCB56@9 5GGIF5B79 F9;5F8=B; H<9 F9@=56=
5 @=HM C: :=B5B7=5@ F9DCFH=B; 5B8
H<9 DF9D5F5H=CB C: :=B5B7=5@ GH5H9A9BHG :CF 9LH9FB5@ DIFDCG9G =B 577CF85B79 K=H< 577CIBH=B; DF=B7=D@9G ;9B9F5@@M 5779DH98 =B H<9
-B=H98 +H5H9G C: A9F=75	 5B8 5G 89:=B98 =B L7<5B;9 7H *I@9 5
:
!BH9FB5@ 7CBHFC@ CJ9F :=B5B7=5@ F9DCFH=B; 75BBCH DFCJ=89 56GC@IH9 5GGIF5B79 C: 57<=9J=B; :=B5B7=5@ F9DCFH=B; C6>97H=J9G
6975IG9 C: =HG =B<9F9BH @=A=H5H=CBG 975IG9 C: GI7< @=A=H5H=CBG	 H<9F9 =G 5 F=G? H<5H A5H9F=5@ A=GGH5H9A9BHG A5M BCH 69 DF9J9BH98
CF 89H97H98 CB 5 H=A9@M 65G=G 6M =BH9FB5@ 7CBHFC@ CJ9F :=B5B7=5@ F9DCFH=B;
%5B5;9A9BH <5G IG98 H<9 :F5A9KCF? G9H :CFH< =B H<9 F9DCFH 9BH=H@98 V!BH9FB5@
F
CBHFC@ U !BH9;F5H98 F5A9KCF?W 

=GGI98 6M H<9 CAA=HH99 C: +DCBGCF=B; 'F;5B=N5H=CBG C: H<9 ,F958K5M CAA=GG=CB HC 5GG9GG H<9 9::9
: 7H=J9B9GG C: H<9
CAD5BMXG =BH9FB5@ 7CBHFC@ CJ9F :=B5B7=5@ F9DCFH=B; %5B5;9A9BH 9L7@I898 %CHH CFDCF5H=CB :FCA =HG 5GG9GGA9BH C: =BH9FB5@
7CBHFC@G CJ9F :=B5B7=5@ F9DCFH=B; 5G H<9 57EI=G=H=CB C77IFF98 =B 
 G99 &CH9 	 V7EI=G=H=CBG 5B8 =J9GH=HIF9G	W =B H<9 &CH9G
HC CBGC@=85H98 =B5B7=5@ +H5H9A9BHG :CF :IFH<9F 89H5=@ ,<=G 9L7@IG=CB =G =B 577CF85B79 K=H< H<9 ;9B9F5@ ;I=85B79 :FCA H<9
+H5:: C: H<9 +97IF=H=9G 5B8 L7<5B;9 CAA=GG=CB H<5H 5B 5GG9GGA9BH C: 5 F979BH@M 57EI=F98 6IG=B9GG A5M 69 CA=HH98 :FCA H<9
G7CD9 C: A5B5;9A9BHXG 5GG9GGA9BH C: =BH9FB5@ 7CBHFC@ CJ9F :=B5B7=5@ F9DCFH=B; :CF CB9 M95F :C@@CK=B; H<9 57EI=G=H=CB ,<9 HCH5@
5GG9HG 9L7@I8=B; ;CC8K=@@ 5B8 =BH5B;=6@9 5GG9HG 5B8 B9H G5@9G C: H<9 7IFF9BH M95F 57EI=G=H=CB F9DF9G9BH98 5DDFCL=A5H9@M 9=;:E2E:@?D @7 ?E6C?2= @?EC@= @G6C :?2?4:2= (6A@CE:?8
 7CAD5BMXG =BH9FB5@ 7CBHFC@ CJ9F :=B5B7=5@ F9DCFH=B; =G 5 DFC79GG 89G=;B98 HC DFCJ=89 F95GCB56@9 5GGIF5B79 F9;5F8=B; H<9
F9@=56=
5 @=HM C: :=B5B7=5@ F9DCFH=B; 5B8 H<9 DF9D5F5H=CB C: :=B5B7=5@ GH5H9A9BHG :CF 9LH9FB5@ DIFDCG9G =B 577CF85B79 K=H< ;9B9F5@@M
5779DH98 577CIBH=B; DF=B7=D@9G  7CAD5BMXG =BH9FB5@ 7CBHFC@ CJ9F :=B5B7=5@ F9DCFH=B; =B7@I89G H97H=CBG C: 5BM 9J5@I5H=CB C: 9::9
: 7H=J9B9GG HC :IHIF9 D9F=C8G 5F9 GI6>
I 97H HC H<9 F=G? H<5H 7CBHFC@G A5M 697CA9 =B589EI5H9
6975IG9 C: 7<5B;9G =B 7CB8=H=CBG	 CF H<5H H<9 89;F99 C: 7CAD@=5B79 K=H< H<9 DC@=7=9G CF DFC798IF
8
9G A5M 89H9F=CF5H9
G
$'!,,  ,'-  $$(
<=75;C	 !@@=BC=G
96FI5FM 
	 



(&%(* % $&$$* ()*( &+" %+$*$ (#
,C H<9 G<5F96?ED
/9 <5J9 5I8=H98 H<9 577CAD5BM=B; 7CBGC@=85H98 65@5B79 G<99HG C: !0 CFDCF5H=CB 5B8 GI6G
I
=8=5F=9G H<9 VCAD5BMW 5G C:
979A69F 	 
 5B8 
	 H<9 F9@5H98 7CBGC@=85H98 GH5H9A9BHG C: =B7CA9	 7CADF9<9BG=J9 =B7CA9	 9EI=HM	 5B8 75G< :@CKG	
:CF 957< C: H<9 H
I 97H=J9	 CF 7CAD@9L >I8;A9BHG ,<9
7CAAIB=75H=CB C: 7F=H=75@ 5I8=H A5HH9FG 8C9G BCH 5@H9F =B 5BM K5M CIF CD=B=CB CB H<9 :=B5B7=5@ GH5H9A9BHG	 H5?9B 5G 5 K-2= *==.; .<,;29=
2 287
,<9 CAD5BM =G 5 <=;<@M 8=J9FG=:=98 6IG=B9GG K=H< 5 K=89 F5B;9 C: DFC8I7HG 5B8 G9FJ=79G H<5H 5F9 C::9F98
:
=B J5F=CIG A5F?9HG
HI8;A9BH K9F9 B979GG5FM HC 89H9FA=B9 H<9 B5HIF9	 H=A=B;	 5B8 9LH9BH C:
5I8=H DFC798IF
8
9G 5B8 H<9 @9J9@ C: 8=G5;;F9;5H=CB K=H<=B H<9 CAD5BM 5H K<=7< HC D9F:CFA GI7< DFC798IF
8
9G	 9GD97=5@@M ;=J9B
@=A=H98 A5F?9H 85H5 :CF 79FH5=B DFC8I7HG CF ;9C;F5D<=7 5F95G
8@ =1. ;2=2,*5 >-2= *==.; (*< --;
-
.<<.- 27 =1. >-2=
'IF 5I8=H DFC798IF
8
9G F9@5H98 HC H<9 CAD5BMXG F9J9BI9 HF5BG57H=CBG =B7@I898 H<9 :C@@CK=B;	 5ACB; CH<9FG


Q
/9 H9GH98 =BH9FB5@ 7CBHFC@G K=H<=B H<9 F9@9J5BH F9J9BI9 6IG=B9GG DFC79GG9G	 =B7@I8=B; 7CBHFC@G CJ9F F9J9BI9 F97C;B=H=CB
5B8 7CBHFC@G CJ9F H<9 F9J=9K C: G=;B=:=75BH F9J9BI9 HF5BG57H=CBG 5B8 CD9F5H=B; F9GI@HG
Q
CF F9J9BI9 HF5BG57H=CBG BCH GI6>
I 97H HC 89H5=@ HF5BG57H=CB H9GH=B;	 K9 5;;F9;5H98 H<9 F9J9BI9 HF5BG57H=CBG 5H H<9
F9DCFH=B; IB=H @9J9@ 5B8 D9F:CFA98 GI6G
I
H5BH=J9 5B5@MH=75@ DFC798IF
8
9G /9 89J9@CD98 =B89D9B89BH 9LD97H5H=CBG C:
F9J9BI9 65G98 CB 85H5 89F=J98 :FCA DI6@=G<98 =B8IGHFM =B8=79G 5B8 A5F?9H 5B8 7IGHCA9F HF9B8G 5B8 7CAD5F98 CIF
=B89D9B89BH 9LD97H5H=CBG HC H<9 F9J9BI9 F97CF898 6M A5B5;9A9BH
Q
CF 5 G5AD@9 C: F9J9BI9 HF5BG57H=CBG	 K9 D9F:CFA98 89H5=@ HF5BG57H=CB H9GH=B; 6M 5;F99=B; H<9 5ACIBHG F97CF898 HC
GCIF79 8C7IA9BHG 5B8 89H9FA=B98 H<5H F9J9BI9 K5G F97C;B=N98 5DDFCDF=5H9@M
G
$'!,,  ,'-  $$(
<=75;C	 !@@=BC=G
96FI5FM 
	 

/9 <5J9 G9FJ98 5G H<9 CAD5BMXG 5I8=HCF G=B79 


. %(&%(*
(
%$
%$)%"* )**#$*) % $%#
? >:==:@?D 6I46AE A6C D92C6 2>@F?ED
@C E96 /62C ?565 646>36C 




&9H G5@9G

	

	

	
CGH C: G5@9G
	
	
	
FCGG DFC:=H
:
	
	
	
+9@@=B;	 ;9B9F5@ 5B8 58A=B=GHF5H=J9 9LD9BG9G




*9GHFI7HIF
H
=B; 9LD9BG9G 5B8 5GG9H =AD5=FA9BHG




'D9F5H=B; =B7CA9



5=B CB G5@9 C: 6IG=B9GG9G T B9H




'H<9F =B7CA9 9LD9BG9 T B9H



!BH9F9GH 9LD9BG9 T B9H




!B7CA9 69:CF9 =B7CA9 H5L9G




(FCJ=G=CB :CF =B7CA9 H5L9G



&9H =B7CA9




&9H @CGG 5HHF=6IH56@9 HC BCB7CBHFC@@=B; =BH9F9GH






&9H =B7CA9 5HHF=6IH56@9 HC !0







*;7270< 9.; ,86687 <1*;.
5G=7 95FB=B;G D9F
F
7CAACB G<5F9 5HHF=6IH56@9 HC !0






=@IH98 95FB=B;G D9F
F
7CAACB G<5F9 5HHF=6IH56@9 HC !0






$1*;. -*=*
5G=7 K9=;:==:@?D
@C E96 /62C ?565 646>36C 




&9H =B7CA9







%E96C 4@>AC696?D:G6 =@DD :?4@>6
(9BG=CB 5B8 CH<9F DCGHF9H=F9A9BH 58>I
8 GHA9BHG	 B9H C: H5L



IAI@5H=J9 HF5BG@5H=CB 58>I
8 GHA9BH



'H<9F 7CADF9<9BG=J9 @CGG =B7CA9	 B9H C: H5L




@>AC696?D:G6 :?4@>6




CADF9<9BG=J9 @CGG 5HHF=6IH56@9 HC BCB7CBHFC@@=B; =BH9F9GH






@>AC696?D:G6 :?4@>6 2EEC:3FE23=6 E@ .







+99 &CH9G HC CBGC@=85H98 =B5B7=5@ +H5H9A9BHG


. %(&%(*
(
%$
%$)%"* "$ )*)
? >:==:@?D 6I46AE A6C D92C6 2>@F?ED
D @7 646>36C 



))*)
IFF9BH 5GG9HG
5G< 5B8 75G< 9EI=J5@9BHG





*979=J56@9G T B9H


!BJ9BHCF=9G T B9H



'H<9F 7IFF9BH 5GG9HG


,CH5@ 7IFF9BH 5GG9HG
	
	
(FCD9FHM	 D@5BH 5B8 9EI=DA9BH T B9H




CC8K=@@
	
	
!BH5B;=6@9 5GG9HG T B9H
	
	

'H<9F BCB7IFF9BH 5GG9HG


,CH5@ 5GG9HG

	

	
""*) $ '+*/
IFF9BH @=56=
5 @=H=9G
,F589 577CIBHG D5M56@9




77FI98
F
9LD9BG9G


IFF9BH DCFH=CB C: @CB;
H9FA 6CFFCK=B;G





=J=89B8G D5M56@9


,CH5@ 7IFF9BH @=56=
5 @=H=9G




$CB;
H9FA 6CFFCK=B;G T B9H
	
	
9:9FF98 =B7CA9 H5L9G


'H<9F BCB7IFF9BH @=56=
5 @=H=9G



,CH5@ @=56=@=H=9G
	
	
CAA=HA9BHG 5B8 7CBH=B;9B7=9G &CH9 

+<5F9:==:@?D 6I46AE A6C D92C6 2>@F?ED
@>>@?
)E@4< )92C6D
@>>@?
)E@4< 2?5
55:E:@?2=
&2:5	
? 2A:E2=
*C62DFCJ )E@4<
)92C6D
*C62DFCJ
)E@4<
44F>F=2E65
%E96C
@>AC696?D:G6
"@DD
(6E2:?65
2C?:?8D
*@E2=
)92C69@=56CDO
BF:EJ
$@?4@?EC@==:?8
?E6C6DE
*@E2= BF:EJ
2=2?46 646>36C 
 






	





	

	


U

	

&9H =B7CA9 @CGG
U
U
U
U
U





'H<9F 7CADF9<9BG=J9 @CGG	 B9H C: H5L
U
U
U
U

U

U

&9H =GGI5B79 C: G<5F9G C: HF95GIFM GHC7? B9H
C: H5L C: 
U
U



U
U

U

*9DIF7<5G9G C: 7CAACB GHC7?
U



U
U

U

+<5F9
65G98 7CAD9BG5H=CB
U

U
U
U
U

U

5G< 8=J=89B8G 897@5F98 
 
 D9F
7CAACB G<5F9
U
U
U
U
U


U

CBHF=6IH=CBG F979=J98 :FCA >C=BH J9BHIF9
D5FHB9F
U
U
U
U
U
U
U




2=2?46 646>36C 
 






	



	

	





	

&9H =B7CA9 @CGG
U
U
U
U
U





'H<9F 7CADF9<9BG=J9 =B7CA9	 B9H C: H5L
U
U
U
U


U


U


&9H =GGI5B79 C: G<5F9G C: HF95GIFM GHC7? B9H
C: H5L C: 
U
U



U
U

U

*9DIF7<5G9G C: 7CAACB GHC7?
U
U



U
U

U

+<5F9
65G98 7CAD9BG5H=CB
U

U
U
U
U

U

5G< 8=J=89B8G 897@5F98 
  D9F
7CAACB G<5F9
U
U
U
U
U


U

2=2?46 646>36C 
 






	




	

	




	
&9H =B7CA9 @CGG
U
U
U
U
U








'H<9F 7CADF9<9BG=J9 @CGG	 B9H C: H5L
U
U
U
U

U

U

&9H =GGI5B79 C: G<5F9G C: HF95GIFM GHC7? B9H
C: H5L C: 
U
U



U
U

U

+<5F9
65G98 7CAD9BG5H=CB
U

U
U
U
U

U

5G< 8=J=89B8G 897@5F98 
  D9F
7CAACB G<5F9
U
U
U
U
U




U


2=2?46 646>36C 
 






	





	


	




	
+99 &CH9G HC CBGC@=85H98 =B5B7=5@ +H5H9A9BHG


. %(&%(*
(
%$
%$)%"* )**#$*) % ) "%-)
? >:==:@?D
@C E96 /62C ?565 646>36C 




5G< :@CKG :FCA CD9F5H=B; 57H=J=H=9G
&9H =B7CA9







8>I
8 GHA9BHG HC F97CB7=@9 B9H =B7CA9 HC B9H 75G< :@CKG DFCJ=898 6M CD9F5H=B; 57H=J=H=9G
5=B CB G5@9 C: 6IG=B9GG9G T B9H




GG9H =AD5=FA9BHG





F98=H @CGG CB BCH9 F979=J56@9 :FCA 7C@@56CF
5
5H=J9 D5FHB9F
U

U
9DF97=5H=CB




ACFH=N5H=CB C: =BH5B;=6@9 5GG9HG




+<5F9
65G98 7CAD9BG5H=CB 9LD9BG9



9:9FF98 =B7CA9 H5L9G



<5B;9G =B B9H C: H<9 9::9
: 7H :FCA 57EI=G=H=CBG8=J9GH=HIF9G 5B8 :CF9=;B 7IFF9B7M HF5BG@5H=CB
*979=J56@9G T B9H




!BJ9BHCF=9G T B9H



'H<9F 7IFF9BH 5GG9HG





,F589 577CIBHG D5M56@9



9:9FF98 F9J9BI9




77FI98
F
9LD9BG9G



'H<9F T B9H




&9H 75G< :@CKG DFCJ=898 6M CD9F5H=B; 57H=J=H=9G



5G< :@CKG :FCA =BJ9GH=B; 57H=J=H=9G
5D=
5 H5@ 9LD9B8=HIF9G




7EI=G=H=CB C: 6IG=B9GG9G	 B9H C: 75G< 57EI=F98



(FC7998G :FCA G5@9 C: 6IG=B9GG9G	 B9H C: 75G< F9A=HH98



(IF7<5G9 C: A5F?9H56@9 G97IF=H=9G
U


U
(FC7998G :FCA G5@9 C: A5F?9H56@9 G97IF=H=9G



'H<9F T B9H



&9H 75G< :@CKG IG98 =B =BJ9GH=B; 57H=J=H=9G
	




5G< :@CKG :FCA :=B5B7=B; 57H=J=H=9G
CFFCK=B;G IB89F F9JC@J=B; 7F98=H :57=@=H=9G

U


(5MA9BHG IB89F F9JC@J=B; 7F98=H :57=@=H=9G

U


(FC7998G :FCA =GGI5B79 C: @CB;
H9FA 6CFFCK=B;G







(5MA9BH C: @CB;
H9FA 6CFFCK=B;G






U
96H =GGI5B79 7CGHG

U
U
5G< 8=J=89B8G D5=8 HC G<5F96?E2= 42D9 7=@H :?7@C>2E:@?
5G< D5=8 :CF
!BH9F9GH







!B7CA9 H5L9G 
 B9H



 !B7@I89G  A=@@=CB C: F9GHF=7H98 75G< 5H 979A69F 	 
 ,<9 F9GHF=7H98 75G< <5G 699B =B7@I898 =B 'H<9F 7IFF9BH 5GG9HG =B H<9 CBGC@=85H98 5@5B79
+<99HG ,<9F9 K5G BC F9GHF=7H98 75G< 5G C: 979A69F 	 
	 979A69F 	 
 CF 979A69F 	 

+99 &CH9G HC CBGC@=85H98 =B5B7=5@ +H5H9A9BHG


. %(&%(*
(
%$
$%*) *% %$)%"* $$" )**#$*)
? >:==:@?D 6I46AE A6C D92C6 2>@F?ED

):8?:7:42?E 44@F?E:?8 &@=:4:6D
><27.<<
!0 =G 5B 5DD@=98 GC@IH=CBG DFCJ=89F GD97=5@=N=B; =B H<9 A5BI:57H
:
IF
H
=B; C: :@I=8 5B8 A9H9F=B; H97I8;A9BHG H<5H 5::9
: 7H H<9 F9DCFH98 5ACIBHG C: 5GG9HG 5B8 @=56=
5 @=H=9G	 8=G7@CGIF9 C: 7CBH=B;9BH 5GG9HG 5B8 @=56=
5 @=H=9G 5B8 F9DCFH98
5ACIBHG C: F9J9BI9 5B8 9LD9BG9G 8IF=B; H<9 F9DCFH=B; D9F=C8 7HI5@ F9GI@HG 7CI@8 8=::9F :FCA H. #.,8072=287
,<9 CAD5BM 577CIBHG :CF 5 7CBHF57H K=H< 5 7IGHCA9F K<9B =H <5G 5DDFCJ5@ :FCA 6CH< D5FH=9G	 H<9 F=;CF=HM C: H<9 CAD5BMXG 7CBHF57HG <5J9 5 G=B;@9 D9F:CFA5B79 C6@=;5H=CB K<=7< F9DF9G9BHG	 =B ACGH 75G9G	 H<9 DFC8I7H
69=B; GC@8 HC H<9 7IGHCA9F +CA9 7CBHF57HG =B7@I89 AI@H=D@9 D9F:CF
:
A5B79 C6@=;5H=CBG GI7< 5G 5 DFC8I7H 5B8 F9@5H98 =BGH5@@5H=CB	
9LH9B898 K5FF5BHM	 9B;=B99F=B;	 GC:HK5F9 5B8CF A5=BH9B5B79 G9FJ=79G
CF 7CBHF57HG H<5H F9EI=F9 7CAD@9L 89G=;B	 A5BI:57H
:
IF
H
=B; 5B8 =BGH5@@5H=CB 57H=J=H=9G	 79FH5=B D9F:CFA5B79 C6@=;5H=CBG A5M
BCH 69 G9D5F5H9@M =89BH=:=56@9
5
5B8	 H<9F9:CF
:
9	 BCH 8=GH=B7H G 5 F9GI@H	 H<9 9BH=F9 7CBHF57H =G 577CIBH98 :CF 5G 5 G=B;@9 D9F:CF
:
A5B79
C6@=;5H=CB CF 7CBHF57HG H<5H =B7@I89 8=GH=B7H DFC8I7HG CF G9FJ=79G H<5H 5F9 GI6G
I
H5BH=5@@M H<9 G5A9 5B8 <5J9 H<9 G5A9 D5HH9FB C:
HF5BG:9F
:
HC H<9 7IGHCA9F CJ9F H=A9	 H<9M 5F9 F97C;B=N98 5G 5 G9F=9G C: 8=GH=B7H DFC8I7HG CF G9FJ=79G CF DFC8I7H G5@9G	 957<
DFC8I7H GC@8 HC 5 7IGHCA9F ;9B9F5@@M F9DF9G9BHG 5 8=GH=B7H D9F:CF
:
A5B79 C6@=;5H=CB CF 7CBHF57HG K=H< AI@H=D@9 D9F:CFA5B79
C6@=;5H=CBG	 H<9 CAD5BM 5@@C75H9G H<9 HCH5@ HF5BG57H=CB DF=79 HC 957< D9F:CFA5B79 C6@=;5H=CB =B 5B 5ACIBH 65G98 CB H<9 F9@5H=J9
GH5B85@CB9 G9@@=B; DF=79G C: H<9 DFCA=G98 DFC8I7HG CF G9FJ=79G IB89F@M=B; 957< D9F:CFA5B79 C6@=;5H=CB /<9B 5J5=@56@
5 9	 H<9
C6G9FJ56@9 GH5B85@CB9 G5@9G 5F9 IG98 =B H<9 5@@C75H=CB C: H<9 HCH5@ HF5BG57H=CB DF=79	 6IH =B 79FH5=B 75G9G	 H<9 CAD5BM A5M 69
F9EI=F98 HC 9GH=A5H9 H<9 GH5B85@CB9 G9@@=B; DF=79 IG=B; H<9 9LD97H98 7CGH D@IG A5F;=B 5DDFC57<	 IB89F K<=7< =H :CF975GHG H<9
9LD97H98 7CGHG C: G5H=G:M=B; 5 D9F:CFA5B79 C6@=;5H=CB 5B8 H<9B 588G 5B 5DDFCDF=5H9 A5F;=B :CF H<9 8=GH=B7H DFC8I7H CF G9FJ=79
,<9 CAD5BMXG D9F:CFA5B79 C6@=;5H=CBG 5F9 G5H=G:=98 5H 9=H<9F 5 DC=BH =B H=A9 CF CJ9F H=A9 5G KCF? DFC;F9GG9G CF
D9F:CFA5B79 C6@=;5H=CBG G5H=G:=98 5H 5 DC=BH =B H=A9	 F9J9BI9 =G F97C;B=N98 K<9B 7CBHFC@ HF5BG:9FG
:
HC H<9 7IGHCA9F	 HMD=75@@M
IDCB G<=DA9BH CF D9F:CFA5B79 C6@=;5H=CBG =B K<=7< H<9 CAD5BM HF5BG:9FG
:
7CBHFC@ C: 5 DFC8I7H CF G9FJ=79 CJ9F H=A9	 F9J9BI9


=G F97C;B=N98 CJ9F H=A9 5G KCF? =G D9F:CFA98 ,MD=75@@M	 H<=G F9GI@HG K<9B H<9 CAD5BM D9F:CFAG G9FJ=79G CJ9F H=A9 CF H<9
CAD5BM 7F95H9G 5 DFC8I7H K=H< BC 5@H9FB5H=J9 IG9 5B8 <5G 5B 9B:CF7956@9 F=;I
8 GHA9BH ,<9 =AD57H C: H<9 58>I
8 GHA9BH CB DFC:=H
:
F97CF898 HC 85H9 CB 5 7CBHF57H =G F97C;B=N98 =B H<9 D9F=C8 H<9
58>I
8 GHA9BH =G =89BH=:=98 *9J9BI9 5B8 DFC:=H =B
:
:IHIF9 D9F=C8G C: 7CBHF57H D9F:CFA5B79 5F9 F97C;B=N98 IG=B; H<9 58>I
8 GH98
9GH=A5H9 !: 5H 5BM H=A9 H<9 9GH=A5H9 C: 7CBHF57H DFC:=H5
:
6=
5 @=HM =B8=75H9G 5B 5BH=7=D5H98 @CGG CB H<9 7CBHF57H	 H<9 CAD5BM
F97C;B=N9G DFCJ=G=CBG :CF 9GH=A5H98 @CGG9G CB =B7CAD@9H9 7CBHF57HG =B H<9 D9F=C8 =B K<=7< GI7< @CGG9G 5F9 89H9FA=B98
,<9 CAD5BM F97CF8G 5@@CK5B79G :CF 8=G7CIBHG 5B8 DFC8I7H F9HIFBG 5H H<9 H=A9 C: G5@9 5G 5 F98I7H=CB C: F9J9BI9 5G GI7<
5@@CK5B79G 75B 69 F9@=56@M
5
9GH=A5H98 65G98 CB <=GHCF=75@ 9LD9F=9B79 5B8 ?BCKB HF9B8G ,<9 CAD5BM 5@GC C::9FG
:
DFC8I7H
K5FF5BH=9G DF=A5F=@M 5GGIF5B79
HMD9 5B8 577FI9G
F
=HG 9GH=A5H98 9LDCGIF9 :CF K5FF5BHM 7@5=AG 5H H<9 H=A9 C: G5@9 65G98 IDCB H<9
@9B;H< C: H<9 K5FF5BHM D9F=C8	 K5FF5BHM 7CGHG =B7IFF98 5B8 5BM CH<9F F9@5H98 =B:CFA5H=CB ?BCKB HC H<9 CAD5BM
87=;*
=
,= <<.=< *7- 2*+252=2.<
,<9 H=A=B; C: 6=@@=B;G 5B8 75G< 7C@@97H=CBG 75B F9GI@H =B 7IGHCA9F F979=J56@9G	 6=@@=B;G =B 9L79GG C: F9J9BI9 F97C;B=N98	
58J5B79 D5MA9BHG CF 89DCG=HG IGHCA9F F979=J56@9G =B7@I89 6CH< 5ACIBHG 6=@@98 5B8 7IFF9BH@M 8I9 :FCA 7IGHCA9FG 5G K9@@ 5G
IB6=@@98 5ACIBHG 7CBHF57H 5GG9HG 5B8 5F9 =B7@I898 =B *979=J56@
5 9G 
 B9H CB H<9 CBGC@=85H98 5@5B79 +<99HG ACIBHG 5F9
6=@@98 =B 577CF85B79 K=H< 7CBHF57HI5@
H
H9FAG CF 5G KCF? DFC;F9GG9G -B6=@@98 5ACIBHG 5F=G9 K<9B H<9 H=A=B; C: 6=@@=B; 8=::9FG
:FCA H<9 H=A=B; C: F9J9BI9 F97C;B=N98	 GI7< 5G K<9B 7CBHF57H DFCJ=G=CBG F9EI=F9 GD97=:=7 A=@9GHCB9G HC 69 A9H 69:CF9 5
7IGHCA9F 75B 69 6=@@98 -B6=@@98 5ACIBHG DF=A5F=@M F9@5H9 HC D9F:CFA5B79 C6@=;5H=CBG G5H=G:=98 CJ9F H=A9 K<9B H<9 7CGH
HC
7CGH
A9H2?*5.7=<
,<9 CAD5BM 7CBG=89FG 5@@ <=;<@M @=EI=8 =BGHFIA9BHG DIF7<5G98 K=H< 5B CF=;=B5@ A5HIF=HM C:  ACBH;2=2.<
FCA H=A9 HC H=A9	 H<9 CAD5BM A5M 7=< #.,.2?*+5. *7- 558@*7,. /8; ;.-2= 8<<.<
77CIBHG F979=J56@9 5F9 F97CF898 5H :579 5ACIBH @9GG 5B 5@@CK5B79 :CF 7F98=H @CGG9G ,<9 5@@CK5B79 =G 5B 9GH=A5H9 65G98 CB
<=GHCF=75@ 7C@@97H=CB 9LD9F=9B79	 7IFF9BH 5B8 :IHIF9 97CBCA=7 5B8 A5F?9H 7CB8=H=CBG 5B8 5 F9J=9K C: H<9 7IFF9BH GH5HIG C:
H
957<
7IGHCA9FXG HF589 577CIBHG F979=J56@9 %5B5;9A9BH 9J5@I5H9G H<9 5;=B; C: H<9 577CIBHG F979=J56@9 65@5B79G 5B8 H<9 :=B5B7=5@
7CB8=H=CB C: =HG 7IGHCA9FG 5B8 5@@ CH<9F :CFK5F8
@CC?=B; =B:CFA5H=CB H<5H =G F95GCB56@M 5J5=@56@9
5
HC 9GH=A5H9 H<9 5ACIBH C:
577CIBHG F979=J56@9 H<5H A5M BCH 69 7C@@97H98 =B H<9 :IHIF9 5B8 F97CF8G H<9 5DDFCDF=5H9 DFCJ=G=CB
7?.7=8;2.<
,<9 CAD5BM GH5H9G =BJ9BHCF=9G 5H H<9 @CK9F C: 7CGH CF B9H F95@=N56@9 J5@I9 CGH	 K<=7< =B7@I89G A5H9F=5@	 @56CF
5
5B8
CJ9F<958	 =G 89H9FA=B98 CB 5 :=FGH =B	 :=FGH CIH 65G=G ,<9 CAD5BM A5?9G 58>I
8 GHA9BHG HC F98I79 H<9 7CGH C: =BJ9BHCFM HC =HG B9H
F95@=N56@9 J5@I9	 =: F9EI=F98	 :CF 9GH=A5H98 9L79GG	 C6GC@9H9	 N9FC IG5;9 CF =AD5=F98 65@5B79G 57HCFG =B:@I9B7=B; H<9G9
58>I
8 GHA9BHG =B7@I89 7<5B;9G =B A5F?9H 89A5B8	 DFC8I7H @=:9 7M7@9 5B8 9B;=B99F=B; 7<5B;9G
69*2
6
;6.7= 8/ 8702?.- <<.=<
 @CB;
@=J98 5GG9H =G F9J=9K98 :CF =AD5=FA9BH =: 5B 9J9BH C77IFG CF 7=F7IAGH5B79G 7<5B;9 H<5H KCI@8 ACF9 @=?9@M H<5B BCH
F98I79 H<9 :5=F J5@I9 C: H<9 5GG9H 69@CK =HG 75FFM=B; J5@I9	 5G A95GIF98 6M 7CAD5F=B; =HG B9H 6CC? J5@I9 HC H<9 DFC>97H98
IB8=G7CIBH98 :IHIF9 75G< :@CKG ;9B9F5H98 6M =HG IG9 ,<9 CAD5BM ;FCIDG 5B8 9J5@I5H9G H<9G9 @CB;
@=J98 5GG9HG :CF =AD5=FA9BH
5H H<9 @CK9GH @9J9@ 5H K<=7< =B8=J=8I5@ 75G< :@CKG 75B 69 =89BH=:=98  @CB;
@=J98 5GG9H =AD5=FA9BH 9L=GHG K<9B H<9 75FFM=B;
J5@I9 C: H<9 5GG9H ;FCID 9L7998G =HG :5=F J5@I9 ,<9 5ACIBH 5B8 H=A=B; C: H<9 =AD5=FA9BH 7<5F;9 :CF 5B 5GG9H ;FCID F9EI=F9G H<9
9GH=A5H=CB C: :IHIF9 75G< :@CKG	 K<=7< 5F9 H<9B 8=G7CIBH98 HC 89H9FA=B9 H<9 :5=F J5@I9 C: H<9 5GG9H ;FCID B =AD5=F98 5GG9H
;FCID =G F97CF898 5H =HG 9GH=A5H98 :5=F J5@I9 *9:9F HC &CH9 	 V*9GHFI7
F
HIF=B; LD9BG9G 5B8 GG9H !AD5=FA9BHG	W :CF :IFH<9F
8=G7IGG=CB CB =AD5=FA9BH C: @CB;
@=J98 5GG9HG
88-@255 *7- 7-./272=.
.
2?.- 7=*702+5. <<.=<
77CIBH=B; +H5B85F8G C8=:=75H=CB V+W 
	 88-@255 *7- !=1.;
=
7=*702+5. <<.=< V+ 
W	 F9EI=F9G H<5H H<9
CAD5BM F9J=9K H<9 75FFM=B; J5@I9 C: ;CC8K=@@ 5B8 =B89:=B=H9
@=J98 =BH5B;=6@9 5GG9HG 5BBI5@@M	 CF =: 5B 9J9BH C77IFG CF
7=F7IAGH5B79G 7<5B;9 H<5H KCI@8 ACF9 @=?9@M H<5B BCH F98I79 H<9 :5=F J5@I9 C: 5 F9DCFH=B; IB=H CF 5GG9H 69@CK =HG 75FFM=B; J5@I9
,<9 CAD5BM 9J5@I5H9G H<9 F97CJ9F56=
5 @=HM C: H<9G9 5GG9HG 5G C: '7HC69F  65G98 CB H<9 9GH=A5H98 :5=F J5@I9 C: 957< F9DCFH=B;
IB=H 5B8 H<9 =B89:=B=H9
@=J98 =BH5B;=6@9 5GG9HG +99 &CH9 	 VCC8K=@@ 5B8 !BH5B;=6@9 GG9HG	W :CF :IFH<9F 8=G7IGG=CB CB ;CC8K=@@
5B8 =B89:=B=H9
@=J98 =BH5B;=6@9 5GG9HG
8;;8@270 A9.7<
A
.<
LD9BG9G =B7IFF98 =B G97IF=B; 5B8 =GGI=B; 896H 5F9 75D=H5@=N98 5B8 5ACFH=N98 CJ9F H<9 @=:9 C: H<9 F9@5H98 6CFFCK=B; 5B8 H<9
F9@5H98 5ACFH=N5H=CB =G =B7@I898 =B !BH9F9GH 9LD9BG9 
 B9H =B H<9 CBGC@=85H98 +H5H9A9BHG C: !B7CA9 96H =GGI5B79 7CGHG F9@5H98
HC G9B=CF BCH9G 5B8 H9FA @C5BG 5F9 =B7@I898 5G 5 F98I7H=CB C: H<9 75FFM=B; 5ACIBH C: H<9 F9@5H98 6CFFCK=B; 96H =GGI5B79 7CGHG
F9@5H98 HC G97IF=B; H<9 CAD5BMXG *9JC@J=B; 57=@=HM 5F9 =B7@I898 =B 'H<9F BCB7IFF9BH 5GG9HG =B H<9 CBGC@=85H98 5@5B79
+<99HG


*;7270< 9.; 86687 $1*;.
=@IH98 95FB=B;G
F
D9F 7CAACB G<5F9 V(+W 5HHF=6IH56@9 HC !0 =G 7CADIH98 6M 8=J=8=B; &9H =B7CA9 5HHF=6IH56@9 HC
!0 6M H<9 K9=;
I 97H HC H<9 G5A9 J9GH=B; F9EI=F9A9BHG 5G H<9 IB89F@M=B; F9GHF=7H98 GHC7?
5K5F8G CBG9EI9BH@M	 5BM F9GHF=7H98 GHC7? 5K5F898 IB89F H<9 
 !B79BH=J9 K5F8 (@5B K=@@ BCH 69 7CBG=89F98 D5FH=7=D5H=B;
G97IF=H=9G
5G=7 K9=;;.<
CGHG 5GGC7=5H98 K=H< 9B;=B99F=B; 57H=J=H=9G	 =B7@I8=B; F9G95F7< 5B8 89J9@CDA9BH	 5F9 9LD9BG98 =B H<9 D9F=C8 =B7IFF98 5B8
5F9 =B7@I898 =B CGH C: G5@9G
,C @
H5@ 9B;=B9
;=B99F=B;
=B; 9LD9BG9G	
<
K<= < =
=7< =B @7@ 8
I89 F9G9
<
5F7<
8
5B8 89J9@CDA9BH 5G K9@@@@ 5G 5D @D@=75H=CB
8
5B8 GIDDCFH
I
9B;=B9
;=B99F=B;	 K9F9
 A=@@=CB	 

=@@=
A=@@=CB
8
5B8 
=@@=
A=@@=CB =B 
	 

8
5B8 
	 F9GD97H=J @9@M *9G9
<
5F7<
8
5B8 89J9@CDA9BH 9LD9BG9G	
<
K<= < =
=7< =B @7@ 8
I89 7CGHG 5GGC =
8
7=5H98
=
K= CF =AD
A5>CF =ADFCJ9A9BHG HC 9L=GH=B;
=GH=B;
8
DFC8I7HG	 K9F9  A=@@=CB	

=@@=
A=@@=CB
8
5B8 
=@@=
A=@@=CB =B 
	 

8
5B8 
	 F9GD97H=J @9@MM
8;.207 >;;.7,B %;*7<5*=287 *7- %;*7<*,=287
,<9 :IB7H=CB5@ 7IFF9B7M C: GI6G
I
H5BH=5@@M 5@@ CD9F5H=CBG CIHG=89 H<9 -B=H98 +H5H9G =G H<9 F9GD97H=J9 @C75@ 7IFF9B7M
77CF8=B;@M	 HI
8 GHA9BHG :FCA M95F HC M95F <5J9 699B F9DCFH98 =B
F
77IAI@5H98 CH<9F 7CADF9<9BG=J9 @CGG =B H<9
CBGC@=85H98 5@5B79 +<99HG CF9=;B 7IFF9B7M HF5BG57H=CB ;5=BG 5B8 @CGG9G :FCA HF5BG57H=CBG 89BCA=B5H98 =B 5 7IFF9B7M CH<9F
H<5B H<9 :IB7H=CB5@ 7IFF9B7M C: H<9 GI6G
I
=8=5FM =BJC@J98 5F9 F9DCFH98 K=H<=B 'H<9F =B7CA9 9LD9BG9 T B9H =B H<9 CBGC@=85H98
+H5H9A9BHG C: !B7CA9 &9H HF5BG57H=CB ;5=B @CGG :CF H<9 M95FG 9B898 979A69F 	 
	 
 5B8 
 K5G 
 A=@@=CB	
 A=@@=CB 5B8 
 A=@@=CB	 F9GD97H=J9@M
7,86. %*A.<
*
!B7CA9 H5L 9LD9BG9 =B7@I89G -+	 GH5H9	 @C75@ 5B8 =BH9FB5H=CB5@ =B7CA9 H5L9G 9:9FF98 H5L 5GG9HG 5B8 @=56=
5 @=H=9G 5F9
F97C;B=N98 :CF H<9 H5L 7CBG9EI9B79G C: H9ADCF5FM 8=::9F9B79G 69HK99B H<9 :=B5B7=5@ F9DCFH=B; 5B8 H5L 65G9G C: 9L=GH=B; 5GG9HG
5B8 @=56=
5 @=H=9G 5B8 :CF @CGG 75FFM:CFK5F8G 9:9FF98 H5L 5GG9HG 5B8 @=56=
5 @=H=9G 5F9 A95GIF98 IG=B; 9B57H98 H5L F5H9G 5B8 @5KG H<5H
5F9 9LD97H98 HC 69 =B 9::9
: 7H K<9B H<9 8=::9F9B79G 5F9 9LD97H98 HC F9J9FG9 .5@I5H=CB 5@@CK5B79G 5F9 F97CF898 HC F98I79 89:9FF98
H5L 5GG9HG HC H<9 5ACIBH H<5H K=@@ ACF9 @=?9@M H<5B BCH 69 F95@=N98 +99 &CH9 	 V!B7CA9 ,5L9G	W :CF :IFH<9F 8=G7IGG=CB CB
=B7CA9 H5L9G
87,.7=;*=287 8/ ;.-2= #2<4
2
,<9 CAD5BM =G BCH 89D9B89BH CB 5 G=B;@9 7IGHCA9F 5G =HG @5F;9GH 7IGHCA9F 577CIBH98 :CF @9GG H<5B
C: B9H

G5@9G :CF 5@@
M95FG DF9G9BH98
#.,.7=5B
=5B
-
-89=
-
-
.- ,,8>7= 0
270
-
-
$=*7-*;-<
!B &CJ9A69F 
	 H<9 =B5B7=5@ 77CIBH=B; +H5B85F8G C5F8 V+W =GGI98 77CIBH=B; +H5B85F8G -D85H9 V+-W



	 $.06.7= #.98;
.
=270 %892, 

%
69;8?
6
.6.7=< =8 #.98;
.
=*+5. $.06.7= 2<,
2
58<>;.<	 K<=7< =ADFCJ9G H<9 8=G7@CGIF9G
F9EI=F98 :CF F9DCFH56@9
5
G9;A9BHG =B H<9 CAD5BMXG 5BBI5@ 5B8 =BH9F=A :=B5B7=5@ GH5H9A9BHG	 DF=A5F=@M H.- ,,8>7=270 $=*7-*;-<
!B 979A69F 
	 H<9 + =GGI98 +- 


	 69;8?
6
.6.7=< =8 7,86. %*A 2<,
2
58<>;.<	 K<=7< F9EI=F9G DI6@
I =7
9BH=H=9G	 CB 5B 5BBI5@ 65G=G	 HC 8=G7@CG9 GH5B85F8 75H9;CF=9G =B H<9 H5L F5H9 F97CB7=@=5H=CB	 588=H=CB5@ =B:CFA5H=CB :CF F97CB7=@=B;
=H9AG H<5H A99H 5 EI5BH=H5H=J9 HIF=G8=7H=CB +- 


 =G 9::9
: 7H=J9 :CF
5BBI5@ D9F=C8G 69;=BB=B; 5:H9F
:
979A69F 	 
 8CDH=CB C: H<=G +- G<27.<< 86+27*=287<
77CF8=B;@M	 H<9 5GG9HG 5B8 @=56=
5 @=H=9G C: H<9 57EI=F98 7CAD5B=9G	 5:H9F
:
58>I
8 GHA9BHG HC F9:@97H H<9 :5=F J5@I9G 5GG=;B98 HC H<9
5GG9HG 5B8 @=56=
5 @=H=9G	 <5J9 699B =B7@I898 =B H<9 CAD5BMXG CBGC@=85H98 5@5B79 +<99HG :FCA H<9=F F9GD97H=J9 85H9G C:
57EI=G=H=CB ,<9 F9GI@HG C: CD9F5H=CBG C: 6IG=B9GG9G 57EI=F98 <5J9 699B =B7@I898 =B H<9 CAD5BMXG CBGC@=85H98 +H5H9A9BHG C:
!B7CA9 G=B79 H<9=F F9GD97H=J9 85H9G C: 57EI=G=H=CB +IDD@
I
9A9BH5@ DFC :CFA5 =B:CFA5H=CB <5G BCH 699B DFCJ=898 5G H<9
57EI=G=H=CBG 8=8 BCH <5J9 5 A5H9F=5@ =AD57H CB H<9 CAD5BMXG CBGC@=85H98 =B5B7=5@ +H5H9A9BHG =B8=J=8I5@@M CF =B H<9
5;;F9;5H9
,<9 CAD5BM A5?9G 5 DF9@=A=B5FM 5@@C75H=CB C: H<9 DIF7<5G9 DF=79 :CF 957< 57EI=G=H=CB 5G C: H<9 57EI=G=H=CB 85H9 65G98 CB
=HG IB89FGH5B8=B; C: H<9 :5=F J5@I9 C: H<9 57EI=F98 5GG9HG 5B8 5GGIA98 @=56=
5 @=H=9G ,<9G9 BCBF97IFF=B; :5=F J5@I9 A95GIF9A9BHG
5F9 7@5GG=:=98 5G $9J9@  =B H<9 :5=F J5@I9 <=9F5F7I
8 GHA9BH HC H<9 DIF7<5G9 DF=79 5@@C75H=CB CC8K=@@ F97C;B=N98 F9:@97HG H<9 GHF5H9;=7 :=H	 F9J9BI9
5B8 95FB=B;G ;FCK
F
H< DCH9BH=5@ C: H<9 57EI=F98 6IG=B9GG 5B8 =HG GMB9F;=9G K=H< 9L=GH=B; !0 6IG=B9GG9G

 ,:>2<2
2 =287<
8== 8;98;*=287
'B +9DH9A69F 	 
	 H<9 CAD5BM 57EI=F98 %CHH CFDCF5H=CB 5B8 =HG GI6G
I
=8=5F=9G V%CHHW =B 5 GHC7? 57EI=G=H=CB %CHH =G
5 @958=B; A=7FC:=@HF5H=CB 6IG=B9GG GD97=5@=N=B; =B H<9 89G=;B	 7IGHCA=N5H=CB 5B8 A5BI:57H
:
IF
H
=B; C: G=BH9F98 DCFCIG A9H5@
7CADCB9BHG 5B8 9B;=B99F98 GC@IH=CBG IG98 =B :@I=8=7 5DD@=75H=CBG  958EI5FH9F98 =B 5FA=B;HCB	 CBB97H=7IH	 %CHH CD9F5H9G =B
H<9 +7=9BH=:=7 @I=8=7G  'DH=7G F9DCFH=B; IB=H K=H<=B H<9 CAD5BMXG  +, G9;A9BH %CHH K5G 57EI=F98 :CF 75G< 7CBG=89F5H=CB
C:  A=@@=CB	 B9H C: 75G< 57EI=F98 C:  A=@@=CB ,<9 DIF7<5G9 DF=79 K5G :IB898 IG=B; 5 7CA6=B5H=CB C: 75G< CB <5B8 C:
 A=@@=CB	 6CFFCK=B;G IB89F H<9 CAD5BMXG *9JC@J=B; 57=@=HM C:  A=@@=CB 5B8 B9H DFC7998G C: 
 A=@@=CB :FCA
H<9 =GGI5B79 C: H<9 CAD5BMXG 
 +9B=CF &CH9G 89:=B
: 98 =B &CH9 	 VCFFCK=B;GW CC8K=@@ 5B8 =BH5B;=6@9 5GG9HG
F97C;B=N98 5G D5FH C: H<=G HF5BG57H=CB K9F9  A=@@=CB 5B8  A=@@=CB	 F9GD97H=J9@M ,<9 ;CC8K=@@ =G 9LD97H98 HC 69
DF=A5F=@M 898I7H=6@9 :CF H5L DIFDCG9G


G C: 979A69F 	 
	 H<9 DF9@=A=B5FM 5@@C75H=CB C: H<9 DIF7<5G9 DF=79 HC H<9 5GG9HG 57EI=F98 5B8 @=56=
5 @=H=9G 5GGIA98	
65G98 CB H<9=F 9GH=A5H98 :5=F J5@I9G 5H H<9 57EI=G=H=CB 85H9	 =G 5G :C@@CKG
*@E2=
IFF9BH 5GG9HG	 B9H C: 75G< 57EI=F98


(FCD9FHM	 D@5BH 5B8 9EI=DA9BH

CC8K=@@

!BH5B;=6@9 5GG9HG

'H<9F BCB7IFF9BH 5GG9HG

,CH5@ 5GG9HG 57EI=F98
	

IFF9BH @=56=
5 @=H=9G

9:9FF98 =B7CA9 H5L9G

'H<9F BCB7IFF9BH @=56=@=H=9G

&9H 5GG9HG 57EI=F98


7EI=F98 =BH5B;=6@9 5GG9HG 7CBG=GH C: HF589 B5A9G	 7IGHCA9F F9@5H=CBG<=DG 5B8 IBD5H9BH98 H972<2
2 =287<
;2-2*7
'B %5M 	 
	 H<9 CAD5BM 57EI=F98 !F=8=5B +D97HF5@ ,97I
8 GHA9BH HC H<9 DIF7<5G9 DF=79 C: H<9 +, 6IG=B9GG
7EI=F98 =BH5B;=6@9 5GG9HG 7CBG=GH C: HF589 B5A9G	 7IGHCA9F F9@5H=CBG<=DG 5B8 IBD5H9BH98 H972<2
2 =287<
 .A<
.
201=
0
'B 96FI5FM 	 
	 H<9 CAD5BM 57EI=F98 &9LG=;CXG 7IFF9BH :@I=8 A5B5;9A9BH GC@IH=CBG :CF H<9G9 5DD@=75H=CBG  958EI5FH9F98 =B
F99BKCC8	 &96F5G?5	 #2.5@J9 CD9F5H9G =B H<9 CAD5BMXG ;F=7I@HIF9
H
F9DCFH=B; IB=H K=H<=B H<9 %, G9;A9BH #2.5@J9 K5G
57EI=F98 :CF 75G< 7CBG=89F5H=CB C: 
 A=@@=CB ,<9 9BH=F9 DIF7<5G9 K5G :IB898 K=H< 75G< CB <5B8 CC8K=@@ 5B8 =BH5B;=6@9
5GG9HG F97C;B=N98 5G D5FH C: H<=G HF5BG57H=CB K9F9  A=@@=CB 5B8 
 A=@@=CB	 F9GD97H=J9@M ,<9 ;CC8K=@@ =G 898I7H=6@9 :CF
H5L DIFDCG9G


,<9 :=B5@ 5@@C75H=CB C: H<9 DIF7<5G9 DF=79 HC H<9 5GG9HG 57EI=F98 5B8 @=56=
5 @=H=9G 5GGIA98	 65G98 CB H<9=F 9GH=A5H98 :5=F J5@I9G
5H H<9 57EI=G=H=CB 85H9	 =G 5G :C@@CKG
*@E2=
IFF9BH 5GG9HG	 B9H C: 75G< 57EI=F98


(FCD9FHM	 D@5BH 5B8 9EI=DA9BH

CC8K=@@

!BH5B;=6@9 5GG9HG

9:9FF98 =B7CA9 H5L9G


'H<9F BCB7IFF9BH 5GG9HG

,CH5@ 5GG9HG 57EI=F98

IFF9BH @=56=
5 @=H=9G


&9H 5GG9HG 57EI=F98



7EI=F98 =BH5B;=6@9 5GG9HG 7CBG=GH C: HF589 B5A9G	 7IGHCA9F F9@5H=CBG<=DG 5B8 IBD5H9BH98 H9787 ;8>9
'B &CJ9A69F 	 
	 H<9 CAD5BM 57EI=F98 H<9 GHC7? C: %ICB . 5B8 =HG GI6G
I
=8=5F=9G V%ICB FCIDW %ICB FCID
A5BI:57H
:
IF
H
9G <=;<@M DF97=G9 :@CK D5H7
= <9B	 H<9 &9H<9F@5B8G CFG9H	 B;@5B8 5B8
(IB9	 !B8=5 5B8 CD9F5H9G =B H<9 CAD5BMXG +7=9BH=:=7 @I=8=7G  'DH=7G F9DCFH=B; IB=H K=H<=B H<9  +, G9;A9BH %ICB FCID
K5G 57EI=F98 :CF 75G< 7CBG=89F5H=CB C: 
 A=@@=CB ,<9 DIF7<5G9 DF=79 K5G :IB898 K=H<  A=@@=CB C: 75G< CB <5B8	

 A=@@=CB C: DFC7998G :FCA H<9 CAD5BMXG *9JC@J=B; 57=@=HM 5B8 


 A=@@=CB C: DFC7998G :FCA H<9 CAD5BMXG ,9FA
57=@=HM 89:=B
: 98 =B &CH9 	 VCFFCK=B;GW CC8K=@@ 5B8 =BH5B;=6@9 5GG9HG F97C;B=N98 5G D5FH C: H<=G HF5BG57H=CB K9F9 
A=@@=CB 5B8  A=@@=CB	 F9GD97H=J9@M ,<9 ;CC8K=@@ =G BCH 898I7H=6@9 :CF H5L DIFDCG9G


,<9 :=B5@ 5@@C75H=CB C: H<9 DIF7<5G9 DF=79 HC H<9 5GG9HG 57EI=F98 5B8 @=56=
5 @=H=9G 5GGIA98	 65G98 CB H<9=F 9GH=A5H98 :5=F J5@I9G
5H H<9 57EI=G=H=CB 85H9	 =G 5G :C@@CKG
*@E2=
IFF9BH 5GG9HG	 B9H C: 75G< 57EI=F98


(FCD9FHM	 D@5BH 5B8 9EI=DA9BH

CC8K=@@

!BH5B;=6@9 5GG9HG

'H<9F BCB7IFF9BH 5GG9HG

,CH5@ 5GG9HG 57EI=F98

IFF9BH @=56=
5 @=H=9G

9:9FF98 =B7CA9 H5L9G

'H<9F BCB7IFF9BH @=56=
5 @=H=9G


&9H 5GG9HG 57EI=F98


7EI=F98 =BH5B;=6@9 5GG9HG 7CBG=GH C: HF589 B5A9G	 7IGHCA9F F9@5H=CBG<=DG 5B8 IBD5H9BH98 H972<2
2 =287#.5*=.- 8<=<
,<9 CAD5BM =B7IFF98 57EI=G=H=CB 7CGHG F9@5H98 HC 7CAD@9H98	 D9B8=B; 5B8 DCH9BH=5@ HF5BG57H=CBG	 =B7@I8=B; H;.<
,<9 CAD5BM D9F=C8=75@@M F9J=9KG =HG 6IG=B9GG9G F9@5H=J9 HC =HG 7CF9 6IG=B9GG G GI7<	 :FCA H=A9 HC H=A9	 H<9 CAD5BM
A5M G9@@ J5F=CIG 6IG=B9GG9G CF 5GG9HG :CF 5 J5F=9HM C: F95GCBG BM F9GI@H=B; ;5=B CF @CGG F97C;B=N98 8I9 HC 8=J9GH=HIF9G =G
F97CF898 K=H<=B 5=B CB G5@9 C: 6IG=B9GG9G 
 B9H =B H<9 CBGC@=85H98 +H5H9A9BHG C: !B7CA9 ,<9 8=J9GH=HIF9G 8=8 BCH F9DF9G9BH 5
GHF5H9;=7 G<=:H H<5H <58 5 A5>CF
5
9::9
: 7H CB CD9F5H=CBG 5B8 :=B5B7=5@ F9GI@HG 5B8	 H<9F9:CF
:
9	 8=8 BCH EI5@=:M :CF DF9G9BH5H=CB 5G
8=G7CBH=BI98 CD9F5H=CBG
'B "IB9 	 
	 H<9 CAD5BM 7CAD@9H98 H<9 G5@9 C: @:5 .5@JC@9	 +F@ V@:5 .5@JC@9W :CF DFC7998G C:  A=@@=CB	 B9H
C: 75G< F9A=HH98	 F9GI@H=B; =B 5 ;5=B CB H<9 G5@9 C: 
 A=@@=CB	 B9H C: 5 F9@95G9 C: 7IAI@5H=J9 :CF9=;B 7IFF9B7M HF5BG@5H=CB @CGG9G
C:  A=@@=CB ,<9F9 K5G BC =B7CA9 H5L =AD57H 5GGC7=5H98 K=H< H<=G HF5BG57H=CB =B H<9 CBGC@=85H98 +H5H9A9BHG C: !B7CA9 8I9
HC H<9 D5FH=7=D5H=CB 9L9ADH=CB C: =HG 7CBGC@=85H98 ;FCID ,<9 F9GI@HG C: @:5 .5@JC@9 K9F9 F9DCFH98 =B H<9 .5@J9G F9DCFH=B; IB=H
K=H<=B H<9 %, G9;A9BH H6?ED
'B %5M 	 

	 5 GI6G
I
=8=5FM C: !0 9BH9F98 =BHC 5 >C=BH J9BHIF9
H
5;F99A9BH K=H< 5 H<=F8 D5FHM HC :CFA 5 @=A=H98 @=56=
5 @=HM
7CAD5BM H<9 V"C=BH .9BHIF9W H<5H A5BI:57H
:
IF
H
9G 5B8 G9@@G <=;< D9F:CFA5B79 9@5GHCA9F G95@G :CF H<9 C=@ 5B8 ;5G =B8IGHFM HC
7IGHCA9FG K=H<=B H<9 #=B;8CA C: +5I8= F56=5 5G K9@@ 5G 9LDCFHG H<9G9 <=;< D9F:CFA5B79 9@5GHCA9F G95@G CIHG=89 C: H<9
#=B;8CA C: +5 8=
I8= F 6
56=5
<
,<9 "C=BH .9BHIF9 A5=
=
=BH5=BG CD9F5 =H=CBG =B 5AA5A	 +5 8=
I8= F 6
56=5
8
5B8 CD9F5
=
H9G =B A@?6?ED
646>36C 



*!.$+ 
 &,
IGHCA9FG




'H<9F


,CH5@


$9GG 5@@CK5B79 :CF 7F98=H @CGG9G


*979=J56@9G 
 B9H




!&.&,'*!+ 
 &,
*5K A5H9F=5@G 5B8 7CADCB9BHG D5FHG




/CF? =B DFC79GG


=B=G<98 ;CC8G




!BJ9BHCF=9G 
 B9H





(*'(*,1	 ($&, & )-!(%&, 
 &,
$5B8 5B8 =ADFCJ9A9BHG






I=@8=B;G 5B8 =ADFCJ9A9BHG


%57<=B9FM	
F
9EI=DA9BH 5B8 CH<9F



'::=
: 79 5B8 HF5BGDCFH5H=CB 9EI=DA9BH




CBGHFI7
F
H=CB =B DFC;F9GG


,CH5@
	



$9GG 577IAI@5H98 89DF97=5H=CB 5B8 5ACFH=N5H=CB


(FCD9FHM	 D@5BH 5B8 9EI=DA9BH 
 B9H






*- 0(&++
(5MFC@@ 5B8 F9@5H98 =H9AG





%5B5;9A9BH =B79BH=J9 7CAD9BG5H=CB


!B7CA9 H5L9G D5M56@9



9:9FF98 F9J9BI9



$95G9 @=56=
5 @=HM


'H<9F


77FI98
F
9LD9BG9G




,<9 J5@I5H=CB 5B8 EI5@=:M=B;
:
577CIBH 57H=J=HM :CF H<9 M95FG 9B898 979A69F 	 
	 
 5B8 
 =G 5G :C@@CKG



$$'/&

'* *!, $'+++
9;=BB=B; 65@5B79 "5BI5FM 






<5F;98 HC 7CGHG 5B8 9LD9BG9G	 B9H C: F97CJ9F=9G




-H=@=N5H=CB




7EI=G=H=CBG 5B8 8=J9GH=HIF9G





'H<9F 58>I
8 GHA9BHG	 =B7@I8=B; :CF9=;B 7IFF9B7M HF5BG@5H=CB






B8=B; 65@5B79 979A69F 









(6G6?F6
2<*
2
00;.0*=287 8/ #.?.7>.
,<9 CAD5BM <5G 5 7CADF9<9BG=J9 C::9F
:
=B; C: DFC8I7HG	 =B7@I8=B; H9736C 




(IADG








/5H9F




B9F;M





;F=7I@HIF9



.5@J9G



!BH9FG9;A9BH 9@=A=B5H=CB



@I=8  %9H9F=B; ,9736C 
 
#*
)*
)&
.
-+







	
&CFH< A9F=75	 9L7@I8=B; -+




IFCD9






G=5




'H<9F




!BH9FG9;A9BH 9@=A=B5H=CB




&9H G5@9G

	

	



	
@C E96 /62C ?565 646>36C 
 
#*
)*
)&
.
-+







	
&CFH< A9F=75	 9L7@I8=B; -+





IFCD9





G=5





'H<9F




!BH9FG9;A9BH 9@=A=B5H=CB




&9H G5@9G

	

	



	
@C E96 /62C ?565 646>36C 
 
#*
)*
)&
.
-+








	
&CFH< A9F=75	 9L7@I8=B; -+




IFCD9





G=5





'H<9F




!BH9FG9;A9BH 9@=A=B5H=CB





&9H G5@9G

	

	



	
 'H<9F =B7@I89G +CIH< A9F=75	 %=88@9 5GH	 IGHF5@=5 5B8 :F=
: 75
 ,<9  +, G9;A9BH =B7@I89G H<9 5779@9F5H=CB C:  A=@@=CB C: DF9J=CIG@M 89:9FF98 F9J9BI9 5G 5 F9GI@H C: 5 7IGHCA9FXG
897=G=CB HC 8=G7CBH=BI9 :IFH<9F =BJ9GHA9BH =B 7CAA9F7=5@=N=B; =HG '.!
 H9GH=B; 5DD@=75H=CB	 C: K<=7<  A=@@=CB K5G
F97C;B=N98 =B H<9 -+ 5B8  A=@@=CB K5G F97C;B=N98 =B IFCD9 =B H<9 M95F 9B898 979A69F 	 
 +99 &CH9 	
V*9GHFI7
F
HIF=B; LD9BG9G 5B8 GG9H !AD5=FA9BHG	W :CF :IFH<9F 89H5=@
".;/8;
/
6*7,. !+520*=287<
,<9 CAD5BMXG D9F:CFA5B79 C6@=;5H=CBG 5F9 G5H=G:=98 9=H<9F 5H 5 DC=BH =B H=A9 CF CJ9F H=A9 5G KCF? DFC;F9GG9G *9J9BI9
:FCA DFC8I7HG 5B8 G9FJ=79G HF5BG:9F
: F98 HC 7IGHCA9FG 5H 5 DC=BH =B H=A9 7CADF=G98 5DDFCL=A5H9@M  C: H<9 CAD5BMXG F9J9BI9
5B8 CJ9F H=A9 7CADF=G98 5DDFCL=A5H9@M  C: H<9 CAD5BMXG F9J9BI9 =B 5@@ M95FG DF9G9BH98
87=;*
=
,= <<.=< *7- 2*+252=2.<
,<9 H=A=B; C: 6=@@=B;G 5B8 75G< 7C@@97H=CBG 75B F9GI@H =B 7IGHCA9F F979=J56@9G	 6=@@=B;G =B 9L79GG C: F9J9BI9 F97C;B=N98	
58J5B79 D5MA9BHG CF 89DCG=HG IGHCA9F F979=J56@9G =B7@I89 6CH< 5ACIBHG 6=@@98 5B8 7IFF9BH@M 8I9 :FCA 7IGHCA9FG 5G K9@@ 5G
IB6=@@98 5ACIBHG 7CBHF57H 5GG9HG 5B8 5F9 =B7@I898 =B *979=J56@
5 9G T B9H CB H<9 CBGC@=85H98 5@5B79 +<99HG


,<9 7CADCG=H=CB C: 7IGHCA9F F979=J56@9G K5G 5G :C@@CKG
646>36C 
 
646>36C 
 
=@@98 F979=J56@9G





-B6=@@98 F979=J56@9G



,CH5@ 7IGHCA9F F979=J56@9G




=@@=B;G =B 9L79GG C: F9J9BI9 F97C;B=N98	 58J5B79 D5MA9BHG 5B8 89DCG=HG F9DF9G9BH 7CBHF57H @=56=
5 @=H=9G 5B8 5F9 =B7@I898 =B
89:9FF98 F9J9BI9 K<=7< =G 7@5GG=:=98 5G 7IFF9BH CF BCB7IFF9BH 65G98 CB K<9B H<9 CAD5BM 9LD97HG HC F97C;B=N9 H<9 F9J9BI9
,<9 7IFF9BH DCFH=CB =G =B7@I898 =B 77FI98
F
9LD9BG9G 5B8 H<9 BCB7IFF9BH DCFH=CB =G =B7@I898 =B 'H<9F BCB7IFF9BH @=56=
5 @=H=9G CB H<9
CBGC@=85H98 5@5B79 +<99HG
,<9 7CADCG=H=CB C: 89:9FF98 F9J9BI9 K5G 5G :C@@CKG
646>36C 
 
646>36C 
 
9:9FF98 F9J9BI9 
 7IFF9BH





9:9FF98 F9J9BI9 
 BCB7IFF9BH


,CH5@ 89:9FF98 F9J9BI9





@@5H:== 2?5 ?E2?8:3=6 DD6ED
,<9 7<5B;9G =B H<9 75FFM=B; 5ACIBH C: ;CC8K=@@ :CF 
 5B8 
	 6M F9DCFH56@9 6IG
5
=B9GG G9;A9BH	 K9F9 5G :C@@CKG
#*
)*
)&
*@E2=
CC8K=@@





	



	
77IAI@5H98 ;CC8K=@@ =AD5=FA9BH @CGG9G








5@5B79 5H "5BI5FM 	 



	

	
CF9=;B 7IFF9B7M HF5BG@5H=CB





7EI=G=H=CBG
U

U

%95GIF9A9BH D9F=C8 58>I
8 GHA9BHG


U

=J9GH=HIF9G
U


U


5@5B79 5H 979A69F 	 


	

	
CF9=;B 7IFF9B7M HF5BG@5H=CB





7EI=G=H=CBG
U

U

%95GIF9A9BH D9F=C8 58>I
8 GHA9BHG
U

U

=J9GH=HIF9G

U
U

5@5B79 5H 979A69F 	 




	




	
CC8K=@@ F9DF9G9BHG H<9 DIF7<5G9 DF=79 =B 9L79GG C: H<9 B9H 5ACIBH 5GG=;B98 HC H<9 5GG9HG 57EI=F98 5B8 @=56=
5 @=H=9G 5GGIA98
5B8 K5G H9GH98 :CF =AD5=FA9BH 5H 957< C: H<9 CAD5BMXG F9DCFH=B; IB=HG 5G 89H9FA=B98 =B 577CF85B79 K=H< + 
 5G C:
'7HC69F 	 
	 H<9 CAD5BMXG 5BBI5@ =AD5=FA9BH H9GH 85H9	 K=H< BC =AD5=FA9BH BCH98 !B 5GG9GG=B; H<9 :5=F J5@I9 C: H<9
F9DCFH=B; IB=HG	 H<9 CAD5BM 7CBG=89FG 6CH< H<9 A5F?9H 5DDFC57< 5B8 H<9 =B7CA9 5DDFC57< -B89F H<9 A5F?9H 5DDFC57<	 H<9 :5=F
J5@I9 C: H<9 F9DCFH=B; IB=H =G 89H9FA=B98 6M H<9 F9GD97H=J9 HF5=@=B;  ACBH< 95FB=B;G
F
69:CF9 =BH9F9GH	 =B7CA9 H5L9G	 89DF97=5H=CB
5B8 5ACFH=N5H=CB V!,W 5B8 H<9 :CFK5F8 @CC?=B; 
 !, 
 957<	 65G98 CB AI@H=D@9G C: 7CAD5F56@9 DI6@=7
7CAD5B=9G ,<9 A5F?9H 5DDFC57< =G 89D9B89BH CB 5 BIA69F C: G=;B=:=75BH A5B5;9A9BH 5GGIADH=CBG =B7@I8=B; :CF975GH98
!, 5B8 G9@97H98 A5F?9H AI@H=D@9G -B89F H<9 =B7CA9 5DDFC57<	 H<9 :5=F J5@I9 C: H<9 F9DCFH=B; IB=H =G 89H9FA=B98 65G98 CB
H<9 DF9G9BH J5@I9 C: 9GH=A5H98 :IHIF9 75G< :@CKG ,<9 =B7CA9 5DDFC57< =G 89D9B89BH CB 5 BIA69F C: G=;B=:=75BH A5B5;9A9BH
5GGIADH=CBG =B7@I8=B; 9GH=A5H9G C: CD9F5H=B; F9GI@HG	 75D=H5@ 9LD9B8=HIF9G	 B9H KCF?=B; 75D=H5@ F9EI=F9A9BHG	 @CB;
H9FA ;FCKH<
F5H9G 5B8 8=G7CIBH F5H9G /9=;CF 7@5GG C: =BH5B;=6@9 5GG9H
5H 979A69F 	 
 5B8 

E 646>36C 
 
E 646>36C 
 
C@DD
2CCJ:?8
>@F?E
44F>F=2E65
>@CE:K2E:@?
$6E
C@DD
2CCJ:?8
>@F?E
44F>F=2E65
>@CE:K2E:@?
$6E
ACFH=N98 =BH5B;=6@9 5GG9HG
(5H9BHG




 






 


,F589 B5A9G









IGHCA9F F9@5H=CBG<=DG
	









-BD5H9BH98 H97C HF589 B5A9

U


U

?FCB F5GG HF589 B5A9

U


U

,CH5@ =BH5B;=6@9 5GG9HG

	

 
	

	

 
	

,<9 5B>C 5B8 ?FCB F5GG HF589 B5A9G 5F9 =B89:=B=H9
@=J98 =BH5B;=6@9 5GG9HG H<5H K9F9 5@GC H9GH98 :CF =AD5=FA9BH 5G C:
'7HC69F 	 
	 K=H< BC =AD5=FA9BHG BCH98 ,<9G9 =B89:=B=H9
@=J98 =BH5B;=6@9 5GG9HG 5F9 H9GH98 :CF =AD5=FA9BH CB 5B 5BBI5@
65G=G =B 577CF85B79 K=H< + 
 CF ACF9 :F9EI9BH@M =: 9J9BHG CF 7<5B;9G =B 7=F7IAGH5B79G =B8=75H9 H<5H H<9 5GG9HG A=;2E65 >@CE:K2E:@?




















@CC@H:?8D
CFFCK=B;G 5H 979A69F 	 
 5B8 
 7CBG=GH98 C: H<9 :C@@CK=B;
646>36C 
 
646>36C 
 
 +9B=CF &CH9G	 8I9 "IB9 
 H<9 V +9B=CF &CH9GW








 +9B=CF &CH9G	 8I9 "IB9 
 H<9 V +9B=CF &CH9GW







 +9B=CF &CH9G	 8I9 +9DH9A69F 
 H<9 V
 +9B=CF &CH9GW



U


 +9B=CF &CH9G	 8I9 %5M 

 H<9 V

 +9B=CF &CH9GW






 +9B=CF &CH9G	 8I9 "IB9 
 H<9 V +9B=CF &CH9GW









 A=@@=CB *9JC@J=B; 57=@=HM	 8I9 &CJ9A69F 
 H<9 V*9JC@J=B; 57=@=HMW





 A=@@=CB ,9FA 57=@=HM	 8I9 &CJ9A69F 
 H<9 V,9FA 57=@=HMW
U


'H<9F 6CFFCK=B;G


,CH5@ 6CFFCK=B;G
	
	
$9GG 7IFF9BH DCFH=CB





$9GG IB5ACFH=N98 896H =GGI5B79 7CGHG 5B8 8=G7CIBH CB 896H


$CB;
H9FA 6CFFCK=B;G

	

	
#.?85?270 *,252=B *7- %.;6 *,252=B
'B &CJ9A69F 	 
	 H<9 CAD5BM 9BH9F98 =BHC 5B 5A9B898 5B8 F9GH5H98 7F98=H 5;F99A9BH 5G 5A9B898 5B8 F9GH5H98	 H<9
VF98=H ;F99A9BHW 5@CB; K=H< 79FH5=B C: =HG GI6G
I
=8=5F=9G	 5G 6CFFCK9FG H<9 VCFFCK9FGW	 5B? C: A9F=75	 &	 5G
58A=B=GHF5H=J9 5;9BH	 GK=B; @=B9 @9B89F 5B8 5B =GGI9F C: @9HH9FG C: 7F98=H	 5B8 CH<9F 5;9BHG D5FHM H<9F9HC ,<9 F98=H ;F99A9BH
7CBG=GHG C: 5 F9JC@J=B; 7F98=H :57=@=HM =B 5B 5;;F9;5H9 DF=B7=D5@ 5ACIBH C: 

 A=@@=CB 5B8 5 H9FA 7F98=H :57=@=HM 5J5=@56@9
5
HC H<9
CAD5BM =B 5B 5;;F9;5H9 DF=B7=D5@ 5ACIBH C: 

 A=@@=CB	 6CH< C: K<=7< <5J9 5 :=B5@ A5HIF=HM 85H9 C: &CJ9A69F 	 
 ,<9
A5HIF=HM 85H9 C: H<9 *9JC@J=B; 57=@=HM A5M 69 9LH9B898 IB89F 79FH5=B 7CB8=H=CBG :CF 5B 588=H=CB5@ CB9
M95F H9FA -D HC


 A=@@=CB C: H<9 *9JC@J=B; 57=@=HM =G 5J5=@56@9
5
:CF H<9 =GGI5B79 C: @9HH9FG C: 7F98=H 88=H=CB5@@M	 ID HC 
 A=@@=CB C: H<9
*9JC@J=B; 57=@=HM =G 5J5=@56@9
5
HC H<9 CAD5BM :CF GK=B; @=B9 @C5BG	 5J5=@56@9 CB 5
5
G5A9
85M 65G=G
(FC7998G C: H<9 *9JC@J=B; 57=@=HM 5F9 5J5=@56@9
5
:CF IG9 6M H<9 CFFCK9FG :CF KCF?=B; 75D=H5@ 5B8 CH<9F ;9B9F5@ 7CFDCF5H9
DIFDCG9G	 =B7@I8=B; F9:=B5B7=B; 9L=GH=B; 896H C: H<9 CAD5BM 5B8 =HG GI6G
I
=8=5F=9G 5B8 :=B5B7=B; C: 57EI=G=H=CBG ,<9 CAD5BM
A5M F9EI9GH =B7F95G9G =B H<9 @9B8=B; 7CAA=HA9BHG IB89F H<9 F98=H ;F99A9BH	 6IH H<9 5;;F9;5H9 @9B8=B; 7CAA=HA9BHG
DIFGI5BH HC GI7< =B7F95G9G A5M BCH 9L7998 

 A=@@=CB ,<9 CAD5BM <5G H<9 F=;
I 97H HC 79FH5=B 7CB8=H=CBG G9H :CFH< =B
H<9 F98=H ;F99A9BH	 HC 89G=;B5H9 79FH5=B :CF9=;B GI6G
I
=8=5F=9G C: H<9 CAD5BM 5G 6CFFCK9FG IB89F H<9 F98=H ;F99A9BH !B
7CBB97H=CB K=H< 5BM GI7< 89G=;B5H=CB	 H<9 CAD5BM =G F9EI=F98 HC ;I5F5BH99 H<9 C6@=;5H=CBG C: 5BM GI7< GI6G
I
=8=5F=9G IB89F H<9
F98=H ;F99A9BH IF=B; 
	 H<9 CAD5BM 8F9K 8CKB 5B 5;;F9;5H9 5ACIBH C:  A=@@=CB IB89F H<9 *9JC@J=B; 57=@=HM
HC :=B5B79 5 DCFH=CB C: CAD5BMXG 57EI=G=H=CB C: %CHH ,<9 CAD5BM F9D5=8 H<9 DF9J=CIG@M CIHGH5B8=B; 65@5B79 C:


 A=@@=CB IB89F H<9 ,9FA 57=@=HM 5B8  A=@@=CB IB89F H<9 *9JC@J=B; 57=@=HM =B 
 88=H=CB5@@M	 H<9 CAD5BM
F9D5=8 
 A=@@=CB IB89F H<9 *9JC@J=B; 57=@=HM =B "5BI5FM 

CFFCK=B;G IB89F H<9 F98=H ;F99A9BH 695F =BH9F9GH	 5H 9=H<9F 5B 5@H9FB5H9 65G9 F5H9 CF ,9FA +'* CF 5DDFCDF=5H9
5@H9FB5H=J9 7IFF9B7M F9:9F9B79 F5H9G D@IG	 =B 957< 75G9	 5B 5DD@=756@9 A5F;=B +I7< 5DD@=756@9 A5F;=B =G 65G98 CB H<9 69HH9F C:
H<9 CAD5BMXG G9B=CF	 IBG97IF98	 @CB;
H9FA 896H F5H=B; CF H<9 CAD5BMXG 5DD@=756@9 @9J9F5;9 F5H=C 5B8 75B F5B;9 :FCA 



HC  !BH9F9GH =G D5M56@9 5 =B H<9 75G9 C: 65G9 F5H9 @C5BG	 EI5FH9F@M	 5B8 6 =B H<9 75G9 C: ,9FA +'* @C5BG	 CB H<9 @5GH
85M C: H<9 5DD@=756@9 =BH9F9GH D9F=C8 G9@97H98	 CF 9J9FM H
I 97H HC 6F95? :IB8=B; D5MA9BHG 5B8 A=B=AIA BCH=79 5B8 A=B=AIA F98I7H=CB
5ACIBH F9EI=F9A9BHG


,<9 F98=H ;F99A9BH ;=J9G H<9 CAD5BM H<9 CDH=CB HC 9BH9F =BHC 5 :IHIF9 9BJ=FCBA9BH5@	 GC7=5@ 5B8 ;CJ9FB5B79
5A9B8A9BH 6M K<=7< DF=7=B; A5M 69 58>I
8 GH98 DIFGI5BH HC H<9 CAD5BMXG D9F:CFA5B79 A95GIF98 5;5=BGH 79FH5=B ?9M
D9F:CFA5B79 =B8=75HCFG 5;F998 6M H<9 CAD5BM 5B8 C: +97IF=H=9G	 !B7	 5G GIGH5=B56=@=HM 7CCF8=B5HCF
H 979A69F 	 
	 H<9F9 K5G  A=@@=CB CIHGH5B8=B; IB89F H<9 *9JC@J=B; 57=@=HM 5B8  A=@@=CB C: CIHGH5B8=B;
@9HH9FG C: 7F98=H	 F9GI@H=B; =B 5 B9H 5J5=@56@9 6CF
5
FCK=B; 75D57=HM IB89F H<9 *9JC@J=B; 57=@=HM C: 5DDFCL=A5H9@M  A=@@=CB
$.728;  8=.<
'B I;IGH 	 
	 H<9 CAD5BM 7CAD@9H98 5B IB89FKF=HH9B DI6@=7 C::9F=
:
B; C: 


 A=@@=CB =B 5;;F9;5H9 DF=B7=D5@
5ACIBH C: =HG 
 +9B=CF &CH9G ,<9 
 +9B=CF &CH9G 695F =BH9F9GH 5H 5 F5H9 C: 
 D9F 5BBIA	 K<=7< =G D5M56@9
G9A=
5BBI5@@M =B 5FF95FG 8IF=B; H<9 :=FGH 5B8 H<=F8 EI5FH9FG C: H<9 M95F	 69;=BB=B; =B H<9 :=FGH EI5FH9F C: 
 ,<9 
 +9B=CF
&CH9G K=@@ A5HIF9 CB +9DH9A69F 	 
 ,<9 
 +9B=CF &CH9G 5F9 G9B=CF	 IBG97IF98 C6@=;5H=CBG C: H<9 CAD5BM 5B8 =
F5B? 9EI5@ =B F=;
I 97H HC H<9 H9FAG C: H<9 F9GD97H=J9 =B89BHIF9	 H<9 CAD5BM A5M F9899A 5@@ CF 5
DCFH=CB C: H<9 +9B=CF &CH9G 5H 5BM H=A9 DF=CF HC A5HIF=HM 5H H<9 F989ADH=CB DF=79G G9H :CFH< =B 957< =B89BHIF9 ;CJ9FB=B; H<9
F9GD97H=J9 +9B=CF &CH9G ,<9 H9FAG C: H<9 
 +9B=CF &CH9G	 H<9  +9B=CF &CH9G 5B8 H<9 

 +9B=CF &CH9G 5@GC
F9EI=F9 H<9 CAD5BM HC A5?9 5B C::9F
:
HC F9DIF7<5G9 H<9 
 +9B=CF &CH9G	 H<9  +9B=CF &CH9G 5B8 H<9 

 +9B=CF
&CH9G IDCB 5 V<5B;9 C: CBHFC@ ,F=;;9F=B; J9BHW 5G 89:=B98 =B 957< =B89BHIF9 ;CJ9FB=B; H<9 F9GD97H=J9 +9B=CF &CH9G 5H 5
DF=79 9EI5@ HC 
 C: H<9 DF=B7=D5@ 5ACIBH D@IG 577FI98
F
5B8 IBD5=8 =BH9F9GH	 =: 5BM ,<9 H9FAG C: H<9  +9B=CF &CH9G 5B8
H<9  +9B=CF &CH9G 5@GC F9EI=F9 H<9 CAD5BM HC A5?9 5B C::9F
:
HC F9DIF7<5G9 H<9  +9B=CF &CH9G 5B8 H<9  +9B=CF
&CH9G IDCB 5 7<5B;9 C: 7CBHFC@ 5G 89:=B98 =B H<9 BCH9 DIF7<5G9 5;F99A9BH C: H<9 CAD5BM 5H 5 DF=79 9EI5@ HC 

 C: H<9
DF=B7=D5@ 5ACIBH D@IG 577FI98
F
5B8 IBD5=8 =BH9F9GH	 =: 5BM
8?.7*7=<
,<9F9 5F9 HKC ?9M :=B5B7=5@ 7CJ9B5BHG H<5H H<9 CAD5BM =G F9EI=F98 HC A5=BH5=B =B 7CBB97H=CB K=H< H<9 F98=H ;F99A9BH 5B8
H<9 +9B=CF &CH9G	 9L7@I8=B; H<9 
 +9B=CF &CH9G	 H<9 

 +9B=CF &CH9G 5B8 H<9  +9B=CF &CH9G K<=7< <5J9 BC
:=B5B7=5@ 7CJ9B5BHG ,
I 97H HC 7FCGG
5779@9F5H=CB DFCJ=G=CBG H
979A69F 	 
	 H<9 CAD5BM K5G =B 7CAD@=5B79 K=H< 5@@ 7CJ9B5BHG IB89F =HG 6CFFCK=B; 5FF5B;9A9BHG
,CH5@ 6CFFCK=B;G 5H 979A69F 	 
 <5J9 G7<98I@98 A5HIF=H=9G 5G :C@@CKG
#2EFC:EJ @7 @CC@H:?8D
























,<9F95:H9F
:
	



,CH5@ 6CFFCK=B;G

	



2:C ,2=F6 #62DFC6>6?ED
+ 
	 *2; '*5>. .*<>;.6.7=< *7- 2<,
2
58<>;.< 89:=B9G :5=F J5@I9	 DFCJ=89G ;I=85B79 :CF A95GIF=B; :5=F J5@I9 5B8
F9EI=F9G 79FH5=B 8=G7@CGIF9G ,<=G GH5B85F8 8=G7IGG9G J5@I5H=CB H97IGH98 =B 57H=J9 A5F?9HG :CF =89BH=75@ 5GG9HG CF @=56=
5 @=H=9G
Q
$9J9@  !BDIHG	 CH<9F H<5B EICH98 DF=79G H<5H 5F9 C6G9FJ56@9 :CF H<9 5GG9H CF @=56=
5 @=HM	 9=H<9F 8=F97H@M CF =B8=F97H@M ,<9G9
=B7@I89 EICH98 DF=79G :CF G=A=@5F 5GG9HG CF @=56=
5 @=H=9G =B 57H=J9 A5F?9HG 5B8 EICH98 DF=79G :CF =89BH=75@ CF G=A=@5F 5GG9HG
CF @=56=
5 @=H=9G =B A5F?9HG H<5H 5F9 BCH 57H=J9
Q
$9J9@  -BC6G9FJ56@9 =BDIHG H<5H F9:@97H H<9 F9DCFH=B; 9BH=HMXG CKB
H
5GGIADH=CBG
,<9 :C@@CK=B; H56@9
5
GIAA5F=N9G H<9 65G=G IG98 HC A95GIF9 H<9 CAD5BMXG :=B5B7=5@ 5GG9HG @=56=
5 @=H=9G 5H :5=F J5@I9 CB 5
F97IFF=B; 65G=G =B H<9 65@5B79 G<99HG 5H 979A69F 	 
 5B8 

2D:D @7 2:C ,2=F6 #62DFC6>6?ED
646>36C 
 
646>36C 
 
"6G6= 
"6G6= 
,F58=B; G97IF=H=9G 
 AIHI5@ :IB8G <9@8 =B BCBEI5@=:=98 +*(






J5=@56@
5 9
:CF
G5@9 G97IF=H=9G 
 9EI=H=9G
U

 ,<9 +IDD@
I
9A9BH5@ L97IH=J9 *9H=F9A9BH (@5B V+*(W =BJ9GHA9BH 5GG9HG 5F9 C::G
: 9H 6M 5 +*( @=56=
5 @=HM K<=7< F9DF9G9BHG
H<9 CAD5BMXG C6@=;5H=CB HC 8=GHF=6IH9 +*( :IB8G HC D5FH=7=D5BHG ,<9 +*( =BJ9GHA9BH 5GG9HG 5B8 @=56=
5 @=HM 5F9 =B7@I898 =B
'H<9F BCB7IFF9BH 5GG9HG 5B8 'H<9F BCB7IFF9BH @=56=
5 @=H=9G	 F9GD97H=J9@M	 CB H<9 CAD5BMXG CBGC@=85H98 5@5B79 +<99HG

<
,<9 G97I =F= =H=9G 5F9 =B @7@ 8 8
I898 =B 'H<9F 7IFF9BH 5GG9HG CB 36C 
 
646>36C 
 
2:C ,2=F6
2CCJ:?8 >@F?E
2:C ,2=F6
2CCJ:?8 >@F?E
,CH5@ CFFCK=B;G	 @9GG IB577F9H98 896H 8=G7CIBH

	

	


	


	

 "62D6D
,<9 CAD5BM <5G 7CAA=HA9BHG IB89F CD9F5H=B; @95G9G :CF 79FH5=B C::=
: 79 :57=@=H=9G	 K5F9I
8 GH98 D9F=C8=75@@M :CF =B:@5H=CB CF 65G98 CB IG5;9 ,<9 CAD5BMXG @95G9 5;F99A9BHG 8C BCH 7CBH5=B 5BM A5H9F=5@ F9G=8I5@
J5@I9 ;I5F5BH99G CF A5H9F=5@ F9GHF=7H=J9 7CJ9B5BHG
,<9 CAD5BM 8C9G BCH <5J9 5BM G=;B=:=75BH @95G9G H<5H <5J9 BCH M9H 7CAA9B798
+IDD@
I
9A9BH5@ 65@5B79 G<99H =B:CFA5H=CB F9@5H98 HC @95G9G 5G C: 979A69F 	 
 5B8 
 K5G 5G :C@@CKG
2=2?46 )966E 2AE:@?
646>36C 
 
646>36C 
 
(:89E	@7	+D6 M(%+N DD6ED
I=@8=B; *'- 5GG9HG 
 B9H
'H<9F BCB7IFF9BH 5GG9HG





EI=DA9BH *'- 5GG9HG 
 B9H
'H<9F BCB7IFF9BH 5GG9HG



,CH5@ *'- 5GG9HG 
 B9H




"62D6 ":23:=:E:6D
IFF9BH @95G9 @=56=
5 @=H=9G
77FI98
F
9LD9BG9G




&CB7IFF9BH @95G9 @=56=
5 @=H=9G
'H<9F BCB7IFF9BH @=56=
5 @=H=9G



,CH5@ @95G9 @=56=
5 @=H=9G





,<9 7CADCB9BHG C: @95G9 7CGH :CF H<9 M95FG 9B898 979A69F 	 
	 
 5B8 
 K9F9 5G :C@@CKG



=L98 @95G9 7CGH







.5F=56@9 @95G9 7CGH



,CH5@ @95G9 9LD9BG9






 !B7@I89G G 2?5 :D4@F?E (2E6
646>36C 
 
646>36C 
 
/9=;>:E>6?ED 2?5 @?E:?86?4:6D
/5FF5BHM 7CGHG 5F9 DFCJ=898 :CF 5H H<9 H=A9 C: G5@9 ,<9 K5FF5BHM DFCJ=G=CB =G 65G98 CB <=GHCF=75@ 7CGHG 5B8 58>I
8 GH98 :CF
GD97=:=7 ?BCKB 7@5=AG  FC@@:CF
:
K5
F
F8 C: H<9 K5FF5BHM F9G9FJ9 =G 5G :C@@CKG



9;=BB=B; 65@5B79	 "5BI5FM 






(FCJ=G=CB :CF K5FF5BH=9G



@5=A G9HH@9A9BHG



7EI=G=H=CBG 5B8 8=J9GH=HIF9G





'H<9F 58>I
8 GHA9BHG	 =B7@I8=B; :CF9=;B 7IFF9B7M HF5BG@5H=CB


U

B8=B; 65@5B79	 979A69F 






,<9 CAD5BM 5B8 79FH5=B C: =HG GI6G
I
=8=5F=9G 5F9 =BJC@J98 =B D9B8=B; 5B8 H6 *2I6D
(F9H5L =B7CA9 :CF 
	 
 5B8 
 K5G H5L98 =B H<9 :C@@CK=B; >IF=G8=7H=CBG



-+






CF9=;B



,CH5@









,<9 DFCJ=G=CB 69B9:=H
:
:CF =B7CA9 H5L9G :CF 
	 
 5B8 
 K5G 5G :C@@CKG



IFF9BH
-+








+H5H9 5B8 @C75@



CF9=;B



,CH5@ 7IFF9BH



9:9FF98
-+



+H5H9 5B8 @C75@




CF9=;B



,CH5@ 89:9FF98



,CH5@ DFCJ=G=CB :CF =B7CA9 H5L9G






9:9FF98 H5L 5GG9HG @=56=
5 @=H=9G 5H 979A69F 	 
 5B8 
 K9F9
646>36C 
 
646>36C 
 
@@CK5B79G 5B8 577FI5
F
@G




AD@CM99 5B8 F9H=F99 69B9:=H D@5BG



!BJ9BHCF=9G



CF9=;B H5L 7F98=H 5B8 CH<9F 75FFM:CFK5F8G



$95G9 @=56=
5 @=H=9G


*=;36C 
 
646>36C 
 
&CB7IFF9BH 89:9FF98 H5L 5GG9H 
 'H<9F BCB7IFF9BH 5GG9HG




&CB7IFF9BH 89:9FF98 H5L @=56=
5 @=H=9G 
 9:9FF98 =B7CA9 H5L9G


&9H 89:9FF98 H5L @=56=
5 @=H=9G

 


,<9 CAD5BM <58 DF9D5=8 =B7CA9 H5L9G	 F97CF898 K=H<=B 'H<9F 7IFF9BH 5GG9HG CB H<9 CBGC@=85H98 5@5B79 +<99HG	 C:
 A=@@=CB 5B8  A=@@=CB 5G C: 979A69F 	 
 5B8 
	 F9GD97H=J9@M


,<9 DFCJ=G=CB :CF =B7CA9 H5L9G 8=::9FG :FCA H<9 5ACIBH 75@7I@5H98 6M 5DD@M=B; H<9 GH5HIHCFM
H
:989F5@ =B7CA9 H5L F5H9 HC
DF9H5L =B7CA9 ,<9 75@7I@5H98 5ACIBH 5B8 H<9 8=::9F9B79G :CF 
	 
 5B8 
 5F9 G
I 97H HC 588=H=CB5@ :CF9=;B K=H<CF H5L=B; >IF=G8=7H=CBG I9 HC H<9 DCH9BH=5@
:989F5@	 GH5H9 5B8 :CF9=;B 9L5A=B5H=CBG	 =H =G F95GCB56@M DCGG=6@9 H<5H H<9 CAD5BMXG ;FCGG IBF97C;B=N98 H5L 69B9:=HG 65@5B79
A5M 7<5B;9
G C: 979A69F 	 
	 H<9 CAD5BM <5G A=B=A5@ 89:9FF98 H5L 5GG9HG CB -+	 BCB
-+ 5B8 -+ GH5H9 B9H CD9F5H=B; @CGG
75FFM:CFK5F8G C: 
 A=@@=CB	 
 A=@@=CB 5B8 
 A=@@=CB	 F9GD97H=J9@M ,<9 9BH=F9 65@5B79 C: B9H CD9F5H=B; @CGG9G 57FCGG
>IF=G8=7H=CBG	 H<9 A5>CF=HM C: K<=7< F9@5H9G HC 57EI=G=H=CBG	 =G 5J5=@56@9
5
HC 69 75FF=98 :CFK5F8 =B89:=B=H9@M ,<9F9 =G BC J5@I5H=CB
5@@CK5B79 5G =H =G ACF9 @=?9@M H<5B BCH H<5H H<9 B9H CD9F5H=B; @CGG9G K=@@ 69 F95@=N98
G C: 979A69F 	 
	 H<9 CAD5BM <5G 89:9FF98 H5L 5GG9HG CB BCB
-+ 75D=H5@ @CGG 75FFM:CFK5F8G C:  A=@@=CB K=H<
5 :I@@ J5@I5H=CB 5@@CK5B79 ,<9 BCB
-+ 75D=H5@ @CGG 75B 69 75FF=
5
98 :CFK5F8 =B89:=B=H9@M
G C: 979A69F 	 
	 H<9 CAD5BM <5G 89:9FF98 H5L 5GG9HG CB BCB
-+ 8=G5@@CK98 =BH9F9GH 9LD9BG9 75FFM:CFK5F8G C:
 A=@@=CB ,<9 BCB
-+ 8=G5@@CK98 =BH9F9GH 9LD9BG9 75FFM:CFK5F8G 5F9 5J5=@56@9
5
HC 69 75FF=98 :CFK5F8 =B89:=B=H9@M 
J5@I5H=CB 5@@CK5B79 C: 
 A=@@=CB <5G 699B F97CF898 HC F97C;B=N9 CB@M H<9 DCFH=CB C: H<9 89:9FF98 H5L 5GG9H H<5H =G ACF9 @=?9@M
H<5B BCH HC 69 F95@=N98
G C: 979A69F 	 
	 H<9 CAD5BM <5G 89:9FF98 H5L 5GG9HG CB :CF9=;B H5L 7F98=H 75FFM:CFK5F8G :CF -+ :989F5@ H5L
DIFDCG9G C: 5DDFCL=A5H9@M  A=@@=CB K=H< 5 :I@@ J5@I5H=CB 5@@CK5B79 ,<9 -+ :989F5@ :CF9=;B H5L 7F98=H 75FFM:CFK5F8 K=@@
9LD=F9 69HK99B 
 5B8 





 FD:?6DD )68>6?ED 2?5 6@8C2A9:4 ?7@C>2E:@?
!0 <5G HI
8 GH98 !, +9;A9BH 8>I
8 GH98 !, =B7@I89G =BH9FG9;A9BH F9J9BI9G 5G
K9@@ 5G 7<5F;9G 5@@C75H=B; 79FH5=B 7CFDCF5H9 CJ9F<958 7CGHG !BH9FG9;A9BH G5@9G 5F9 7CBHF57H98 K=H< H9FAG 9EI=J5@9BH HC HI
8 GH98 !, =G H<9 CAD5BMXG A95GIF9 C: G9;A9BH D9F:CFA5B79
CF 5@@ G9;A9BHG	 H<9 '% IG9G 8>I
8 GH98 !, =B H<9 5BBI5@ 6I8;9H=B; 5B8 :CF975GH=B; DFC79GG ,<9 '%
7CBG=89FG 8>I
8 GH98 !, 6I8;9H 5B8 :CF975GH
HC
57HI5@ J5
H
F=5B79G K<9B A5?=B; 897=G=CBG 56CIH H<9 5@@C75H=CB C: CD9F5H=B;
5B8 75D=H5@ F9GCIF79G HC 957< G9;A9BH 8>I
8 GH98 !, =G 5@GC IG98 =B 89H9FA=B=B; H<9 7CAD9BG5H=CB C: 79FH5=B 9AD@CM99G
,<9 %, G9;A9BH 89G=;BG	 DFC8I79G 5B8 8=GHF=6IH9G DCG=H=J9 8=GD@579A9BH DIADG	 J5@J9G	 GA5@@ JC@IA9 DFCJ9FG	 :@CK
A9H9FG	 =B>97HCFG 5B8 CH<9F :@I=8
<5B8@=B; DIAD AC8I@9G 5B8 GMGH9AG 5B8 DFCJ=89G :@CK ACB=HCF=B; 5B8 CH<9F G9FJ=79G %,
G9FJ9G H<9 ;9B9F5@ =B8IGHF=5@	 K5H9F 5B8 K5GH9K5H9F	 9B9F;M	 7<9A=75@	 5;F=7I@HIF9	 G9A=7CB8I7HCF 5B8 :CC8 5B8 D<5FA579IH=75@
A5F?9HG
,<9  +, G9;A9BH 89G=;BG	 DFC8I79G 5B8 8=GHF=6IH9G 5 K=89 F5B;9 C: DF97=G=CB :@I=8=7G	 DCG=H=J9 8=GD@579A9BH DIADG	
DCK89F 5B8 @=EI=8 DFC79GG=B; H9736C 
 
#*
)*
)&
*@E2=
)68>6?ED
=:>:?2E:@?D
.
&, +$+
LH9FB5@ 7IGHCA9FG

	

	



	

U

	
!BH9FG9;A9BH G5@9G





U
&9H G5@9G
	
	

	

	
8>I
8 GH98 G9;A9BH 7CGH C: G5@9G



	


	

'H<9F G9;A9BH 9LD9BG9G




+9;A9BH 8>I
8 GH98 !,







@C E96 /62C ?565 646>36C 
 
#*
)*
)&
*@E2=
)68>6?ED
=:>:?2E:@?D
.
&, +$+
LH9FB5@ 7IGHCA9FG

	

	



	

U

	
!BH9FG9;A9BH G5@9G





U
&9H G5@9G
	
	

	

	
8>I
8 GH98 G9;A9BH 7CGH C: G5@9G






	

	
'H<9F G9;A9BH 9LD9BG9G






+9;A9BH 8>I
8 GH98 !,





@C E96 /62C ?565 646>36C 
 
#*
)*
)&
*@E2=
)68>6?ED
=:>:?2E:@?D
.
&, +$+
LH9FB5@ 7IGHCA9FG

	

	



	

U

	
!BH9FG9;A9BH G5@9G






U
&9H G5@9G
	
	

	

	
8>I
8 GH98 G9;A9BH 7CGH C: G5@9G



	


	
'H<9F G9;A9BH 9LD9BG9G





+9;A9BH 8>I
8 GH98 !,




 8>I
8 GH98 G9;A9BH 7CGH C: G5@9G F9DF9G9BHG CGH C: G5@9G 9L7@I8=B; :5=F J5@I9 =BJ9BHCFM GH9D
ID 7<5F;9G
 'H<9F G9;A9BH 9LD9BG9G 7CBG=GHG DF=A5F=@M C: G9@@=B;	 ;9B9F5@ 5B8 58A=B=GHF5H=J9 9LD9BG9G



"-+, !,
@I=8  %9H9F=B; ,97I
8 GH98 !,



CFDCF5H9 5B8 CH<9F




!BH9F9GH 9LD9BG9 
 B9H




9DF97=5H=CB




ACFH=N5H=CB C: =BH5B;=6@9 5GG9HG





5=F J5@I9 =BJ9BHCFM GH9D
ID 7<5F;9G



*9GHFI7HIF
H
=B; 9LD9BG9G 5B8 5GG9H =AD5=FA9BHG




&9H =AD57H :FCA H<9 9L=H C: 5 '.!
 H9GH=B; 5DD@=75H=CB
U
U

5=B CB G5@9 C: 6IG=B9GG9G 
 B9H



5=BG CB G5@9G C: 5GG9HG
U
U

F98=H @CGG CB BCH9 F979=J56@9 :FCA 7C@@56CF
5
5H=J9 D5FHB9F
U

U
!B7CA9 69:CF9 =B7CA9 H5L9G







 CFDCF5H9 9LD9BG9G H<5H 75B 69 =89BH=:=98 K=H< 5 G9;A9BH <5J9 699B =B7@I898 =B 89H9FA=B=B; G9;A9BH F9GI@HG ,<9
F9A5=B89F =G =B7@I898 =B CFDCF5H9 5B8 CH<9F
 *9DF9G9BHG H<9 5779@9F5H=CB C: DF9J=CIG@M 89:9FF98 F9J9BI9 C:  A=@@=CB	 B9H C: 5B =AD5=FA9BH 7<5F;9 C:
 A=@@=CB 5G 5 F9GI@H C: 5 7IGHCA9FXG 897=G=CB HC 8=G7CBH=BI9 :IFH<9F =BJ9GHA9BH =B 7CAA9F7=5@=N=B; =HG '.!

H9GH=B; 5DD@=75H=CB =B H<9  +, G9;A9BH =B 
 H<5H 8=8 BCH F9C77IF =B 
 CF 
 +99 &CH9 	 V*9GHFI7
F
HIF=B;
LD9BG9G 5B8 GG9H !AD5=FA9BHG	W :CF :IFH<9F 89H5=@


 *9DF9G9BHG 5 F9G9FJ9 F97CF898 CB 5B =BJ9GHA9BH K=H< 5 7C@@56CF
5
5H=J9 D5FHB9F =B 'H<9F =B7CA9 9LD9BG9 T B9H 8IF=B;

 IF=B; H<9 :CIFH< EI5FH9F C: 
	 H<9 CAD5BM 7CBJ9FH98 H<9 DFCA=GGCFM BCH9 F979=J56@9 :FCA H<9 7C@@56CF
5
5H=J9
D5FHB9F HC 9EI=HM	 F9GI@H=B; =B 5 7CGH A9H36C 
 
646>36C 
 
++,+
@I=8  %9H9F=B; ,9736C 
 
646>36C 
 
$'&
$!. ++,+ U (*'(*,1	 ($&, & )-!(%&,
-+




&CFH< A9F=75	 9L7@I8=B; -+



&9H<9F@5B8G


IFCD9	 9L7@I8=B; &9H<9F@5B8G


G=5


'H<9F




,CH5@ @CB;
@=J98 5GG9HG 
 B9H






 'H<9F =B7@I89G +CIH< A9F=75	 %=88@9 5GH	 IGHF5@=5 5B8 :F=
: 75




 (6DECF4EFC:?8 IA6?D6D 2?5 DD6E >A2:C>6?ED
FCA H=A9 HC H=A9	 H<9 CAD5BM =B7IFG 9LD9BG9G HC :57=@=H5H9 @CB;
H9FA GIGH5=B56@9 ;FCKH< HIB7H=CB K=H< 7CGH A=H=;5H=CB 9::CFHG
:
5G 5 F9GI@H C: 7IFF9BH A5F?9H 7CB8=H=CBG 5B8 5GG9H =AD5=FA9BHG
(F9
H5L *9GHFI7HIF
H
=B; 9LD9BG9G 5B8 5GG9H =AD5=FA9BHG 6M G9;A9BH :CF H<9 
 =B=H=5H=J9 K9F9 5G :C@@CKG
)6G6C2?46 @DED
I:E @DED
DD6E
>A2:C>6?ED
*@E2=
@I=8  %9H9F=B; ,97IB7H=CB K=H< 7CGH A=H=;5H=CB 9::CFHG
:
5G 5 F9GI@H C: 7IFF9BH A5F?9H 7CB8=H=CBG	 7CBHF57H H9FA=B5H=CB 7CGHG 5B8 5GG9H
=AD5=FA9BHG
(F9
H5L *9GHFI7HIF
H
=B; 9LD9BG9G 5B8 5GG9H =AD5=FA9BHG 6M G9;A9BH :CF H<9 
 =B=H=5H=J9 K9F9 5G :C@@CKG
)6G6C2?46 @DED
I:E @DED
DD6E
>A2:C>6?ED
*@E2=
@I=8  %9H9F=B; ,97A2:C>6?ED
*@E2=
@I=8  %9H9F=B; ,97A6?D2E:@?
,<9 CAD5BM A5=BH5=BG HKC G<5F9
65G98 7CAD9BG5H=CB D@5BG :CF 9L97IH=J9G	 BCB
9AD@CM99 8=F97HCFG 5B8 79FH5=B ?9M
9AD@CM99G H<5H 5IH36C 




/9=;I
8 GH98 :CF 7IFF9BH J9GH=B; G7<98I@9G
Q
,<9 F=G?
:F99 =BH9F9GH F5H9 =G 65G98 CB H<9 -+ ,F95GIFM M=9@8 7IFJ9 7CAA9BGIF5H9 K=H< H<9 9LD97H98 @=:9 C: H<9 CDH=CB
,<9 CAD5BM DF9G9BHG H<9 GDCH F5H9 IG98 =B H<9 @57? +797H98
8=J=89B8 M=9@8 :CF D9F=C8G K=H<=B H<9 7CBHF57HI5@
H
@=:9 C: H<9 CDH=CB
 GIAA5FM C: H<9 CAD5BMXG GHC7? CDH=CB 57H=J=HM 5G C: 979A69F 	 
	 5B8 7<5B;9G 8IF=B; H<9 M95F 9B898 979A69F
	 
	 5F9 DF9G9BH98 =B H<9 :C@@CK=B; H56@
5 9
)92C6D
-6:89E65
G6C286
I6C4:D6 &C:46
-6:89E65	G6C286
(6>2:?:?8
@?EC24EF2= *6C>
J62CD
88C682E6
?EC:?D:4
,2=F6
)E@4< %AE:@?D
A
'IHGH5B8=B; 5H "5BI5FM 	 

	





F5BH98
	

L9F7=G98
	

CF:9=H98
	


'IHGH5B8=B; 5H 979A69F 	 

	





.9GH98 5B8 9LD97H98 HC J9GH 5H 979A69F 	 

	






L9F7=G56@9
5
5H 979A69F 	 

	






,<9 =BHF=BG=7 J5@I9 :CF GHC7? CDH=CBG CIHGH5B8=B; 5B8 9L9F7=G56@9
5
=G 89:=B98 5G H<9 8=::9F9B79 69HK99B H<9 A5F?9H J5@I9 C:
H<9 CAD5BMXG 7CAACB GHC7? 5G C: H<9 9B8 C: H<9 D9F=C8 5B8 H<9 ;F5BH DF=79 ,<9 HCH5@ =BHF=BG=7 J5@I9 C: CDH=CBG 9L9F7=G98 =B

	 
 5B8 
 K5G  A=@@=CB	  A=@@=CB 5B8  A=@@=CB	 F9GD97H=J9@M !B 
	 
 5B8 
	 75G< F979=J98
:FCA CDH=CBG 9L9F7=G98 K5G  A=@@=CB	  A=@@=CB 5B8  A=@@=CB	 F9GD97H=J9@M	 K<=@9 H<9 57HI5@
H
H5L 69B9:=H F95@=N98 :CF
H<9 H5L 898I7H=CBG :FCA GHC7? CDH=CBG 9L9F7=G98 HCH5@98 
 A=@@=CB	  A=@@=CB 5B8  A=@@=CB	 F9GD97H=J9@M
G C: 979A69F 	 
	 H<9F9 K5G  A=@@=CB C: HCH5@ IBF97C;B=N98 7CAD9BG5H=CB 7CGH F9@5H98 HC GHC7? CDH=CBG H<5H =G
9LD97H98 HC 69 F97C;B=N98 CJ9F 5 K9=;36C 




/9=;2?46 )92C6 +?:ED
)92C6D
-6:89E65	
G6C286
C2?E 2E6 2:C
,2=F6
-BJ9GH98 5H "5BI5FM 	 

	


F5BH98
	

.9GH98
	


CF:9=H98
	

-BJ9GH98 5H 979A69F 	 

	


,<9 D9F:CFA5B79 D9F=C8 :CF H<9 
 ;F5BHG 9B898 5G C: "5BI5FM 	 
 ,<9 
 ;F5BHG 57<=9J98 5 
 D5MCIH :57HCF
5B8 H<9 CAD5BM =GGI98 	
 7CAACB G<5F9G =B 96FI5FM 
 :CF 5K5F8G H<5H J9GH98 =B 
 ,<9 D9F:CFA5B79 D9F=C8 :CF H<9

 ;F5BHG 9B898 5G C: "5BI5FM 	 
 ,<9 
 ;F5BHG 57<=9J98 5  D5MCIH :57HCF 5B8 H<9 CAD5BM =GGI98 	
7CAACB G<5F9G =B 96FI5FM 
 :CF 5K5F8G H<5H J9GH98 =B 

G C: 979A69F 	 
	 H<9F9 K5G  A=@@=CB C: HCH5@ IBF97C;B=N98 7CAD9BG5H=CB 7CGH F9@5H98 HC D9F:CFA5B79 G<5F9
IB=HG H<5H =G 9LD97H98 HC 69 F97C;B=N98 CJ9F 5 K9=;>2CJ @7 )92C6	2D65 @>A6?D2E:@? IA6?D6
,CH5@ 7CAD9BG5H=CB 7CGH F9@5H98 HC 5@@ G<5F9
65G98 5K5F8G K5G 5G :C@@CKG
/62CD ?565 646>36C 




+HC7? CDH=CBG 9LD9BG9






*9GHF=7H98 GHC7? 9LD9BG9



5G<
G9HH@98 F9GHF=7H98 GHC7? 9LD9BG9



(9F:CFA5B79 G<5F9 IB=HG 9LD9BG9



,CH5@ DF9
H5L G<5F9
65G98 7CAD9BG5H=CB 9LD9BG9



!B7CA9 H5L 69B9:=H



,CH5@ G<5F9
65G98 7CAD9BG5H=CB 9LD9BG9	 B9H C: =B7CA9 H5L9G







 (F9
H5L 7CAD9BG5H=CB 7CGH =G F97C;B=N98 =B 6CH< CGH C: G5@9G 5B8 +9@@=B;	 ;9B9F5@ 5B8 58A=B=GHF5H=J9 9LD9BG9G =B H<9 CBGC@=85H98
+H5H9A9BHG C: !B7CA9 89D9B8=B; CB H<9 :IB7H=CB5@ 5F95 C: H<9 IB89F@M=B; 9AD@CM99G (F9
H5L 7CAD9BG5H=CB 9LD9BG9 C:  A=@@=CB	
 A=@@=CB 5B8 
 A=@@=CB K5G F97C;B=N98 =B CGH C: G5@9G =B H<9 CBGC@=85H98 +H5H9A9BHG C: !B7CA9 8IF=B; H<9 M95FG 9B898 979A69F 	

	 
 5B8 
	 F9GD97H=J9@M (F9
H5L 7CAD9BG5H=CB 9LD9BG9 C:  A=@@=CB	  A=@@=CB	 5B8  A=@@=CB K5G F97C;B=N98 =B
+9@@=B;	 ;9B9F5@ 5B8 58A=B=GHF5H=J9 9LD9BG9G =B H<9 CBGC@=85H98 +H5H9A9BHG C: !B7CA9 8IF=B; H<9 M95FG 9B898 979A69F 	 
	 
 5B8

	 F9GD97H=J9@M




 44F>F=2E65 %E96C @>AC696?D:G6 "@DD
,<9 7CADCB9BHG C: 77IAI@5H98 CH<9F 7CADF9<9BG=J9 @CGG :CF H<9 M95FG 9B898 979A69F 	 
	 
 5B8 
 5F9 5G
:C@@CKG
F>F=2E:G6 *C2?D=2E:@?
5;F
5
DE>6?E
&6?D:@? 2?5 %E96C
&@DEC6E:C6>6?E 5;F
5
DE>6?ED
44F>F=2E65 %E96C
@>AC696?D:G6 "@DD
5@5B79	 "5BI5FM 	 


 
 

'H<9F 7CADF9<9BG=J9 @CGG =B7CA9 69:CF9
F97@5GG=:=75H=CB 58>I
8 GHA9BHG




$CGG F97@5GG=:=98 :FCA 77IAI@5H98 CH<9F
7CADF9<9BG=J9 @CGG
U




,5L =AD57H
U


&9H CH<9F 7CADF9<9BG=J9 @CGG =B7CA9



5@5B79	 979A69F 	 


 




'H<9F 7CADF9<9BG=J9 =B7CA9 @CGG 69:CF9
F97@5GG=:=75H=CB 58>I
8 GHA9BHG



5=B F97@5GG=:=98 :FCA 77IAI@5H98 CH<9F
7CADF9<9BG=J9 @CGG
U


,5L =AD57H
U


&9H CH<9F 7CADF9<9BG=J9 =B7CA9 @CGG




5@5B79	 979A69F 	 


 



'H<9F 7CADF9<9BG=J9 @CGG =B7CA9 69:CF9
F97@5GG=:=75H=CB 58>I
8 GHA9BHG



5=B F97@5GG=:=98 :FCA 77IAI@5H98 CH<9F
7CADF9<9BG=J9 @CGG
U




ACIBHG F97@5GG=:=98 F9@5H98 HC 8=J9GH=HIF9G

U

,5L =AD57H
U




&9H CH<9F 7CADF9<9BG=J9 @CGG =B7CA9



5@5B79	 979A69F 	 


 








 ACIBHG 5F9 DF9G9BH98 B9H C: H5L
 !B7@I898 =B H<9 7CADIH5H=CB C: B9H D9F=C8=7 7CGH 69B9:=H
:
+99 &CH9 	 V*9H=F9A9BH 9B9:=HGW
 !B7@I898 =B 'H<9F =B7CA9 9LD9BG9 T B9H =B H<9 CBGC@=85H98 +H5H9A9BHG C: !B7CA9
 !B 7CB>IB7H=CB K=H< H<9 8=J9GH=HIF9 C: @:5 .5@JC@9 8IF=B; H<9 G97CB8 EI5FH9F C: 
	 H<9 CAD5BM F9@95G98
5GGC7=5H98 7IAI@5H=J9 :CF9=;B 7IFF9B7M HF5BG@5H=CB @CGG9G 5B8 =B7@I898 H<9 F9@95G9 5G D5FH C: H<9 ;5=B CB G5@9 C: 6IG=B9GG


 (6E:C6>6?E 6?67:ED
,<9 CAD5BM GDCBGCFG G9J9F5@ EI5@=:=98 5B8 BCBEI5@=:=98 89:=B98 69B9:=H 5B8 89:=B98 7CBHF=6IH=CB D9BG=CB D@5BG 5G K9@@
5G CH<9F DCGH
F9H=F9A9BH D@5BG :CF =HG 9AD@CM99G ,<9 CAD5BM IG9G 5 A95GIF9A9BH 85H9 C: 979A69F  :CF =HG 89:=B98 69B9:=H
D9BG=CB D@5BG 5B8 DCGH
F9H=F9A9BH A98=75@ D@5BG ,<9 CAD5BM 9AD@CMG
A
H<9 A95GIF9A9BH 85H9 DFCJ=G=CBG C: + 	
869.7<*=287#.=2;.6.7= .7./2=<
.
	 K<=7< F9EI=F9 H<9 A95GIF9A9BH 85H9 C: D@5B 5GG9HG 5B8 @=56=
5 @=H=9G HC 7C=B7=89 K=H< H<9
GDCBGCFXG M95F 9B8


,<9 :C@@CK=B; H56@9 DFCJ=89G 5
5
F97CB7=@=5H=CB C: H<9 7<5B;9G =B H<9 69B9:=H C6@=;5H=CB 5B8 :5=F J5@I9 C: D@5B 5GG9HG CJ9F H<9
D9F=C8G 89G7F=698 69@CK
&6?D:@? 6?67:ED
%E96C 6?67:ED




+
)
$@?	+
)
+
)
$@?	+
)
 & !& &!, '$!,!'&
'6@=;5H=CB 5H "5BI5FM 












+9FJ=79 7CGH










!BH9F9GH 7CGH










9B9:=HG D5=8










7HI5F=5@ ;5=B @CGG











IFF9B7M HF5BG@5H=CB
U

U



U
+9HH@9A9BHG
U

U


U
U
7EI=G=H=CB=J9GH=HIF9
U


U

U
U
(5FH=7=D5BH 7CBHF=6IH=CBG
U


U


U
U
'H<9F
U






U
U
'6@=;5H=CB 5H 979A69F 












 & !& ($& ++,+
5=F J5@I9 C: D@5B 5GG9HG 5H
"5BI5FM 









U

U
7HI5@ F9HIFB CB D@5B 5GG9HG







U
U
AD@CM9F 7CBHF=6IH=CBG










9B9:=HG D5=8










IFF9B7M HF5BG@5H=CB
U

U

U
U
+9HH@9A9BHG
U

U


U
U
(5FH=7=D5BH 7CBHF=6IH=CBG
U


U


U
U
'H<9F
U




U
U
U
5=F J5@I9 C: D@5B 5GG9HG 5H
979A69F 









U

U
IB898 GH5HIG
H
5H 979A69F 

 
 
 
 
 

'%('&&,+ '& ,  '&+'$!, $&

+ ,+
'H<9F BCB7IFF9BH 5GG9HG

U



U



U

U
77FI98
F
9LD9BG9G








'H<9F BCB7IFF9BH @=56=
5 @=H=9G






&9H 5GG9H @=56=
5 @=HM 5H
979A69F 

 
 
 
 
 

,<9 D9BG=CB 69B9:=HG 57HI5
H
F=5@ ;5=BG 5B8 @CGG9G =B 
 B9H HC N9FC ,<9 =AD57H C: H<9 897F95G9 =B 8=G7CIBH F5H9G :FCA 

HC 
 :CF H<9 BCB
-+ D9BG=CB G7<9A9G K5G C::G
: 9H 6M @CK9F =B:@5H=CB =B H<9 IFCNCB9 ,<9 -+ D9BG=CB 57HI5
H
F=5@ ;5=BG
;9B9F5H98 8I9 HC H<9 =B7F95G9 =B H<9 8=G7CIBH F5H9G :FCA 
 HC 
 ,<9 @5F;9F H<5B 9LD97H98 5GG9H F9HIFBG <5J9 F9GI@H98 =B 5
B9H ;5=B CB H<9 65@5B79 G<99H
,<9 CH<9F 69B9:=HG 57HI5
H
F=5@ ;5=B =B 
 K5G DF=A5F=@M 8F=J9B 6M H<9 =B7F95G9 =B H<9 8=G7CIBH F5H9G :FCA 
 HC 
 K=H<
588=H=CB5@ ;5=BG :FCA ID85H98 D5FH=7=D5BH 85H5 :CF H<9 -+ D@5BG	 D5FH=5@@M C::G
: 9H 6M @CGG9G :FCA H<9 ID85H98 <95@H< 75F9 HF9B8
5B8 7@5=A 7CGH 5GGIADH=CBG
,<9 577IAI@5H98 69B9:=H C6@=;5H=CB :CF 5@@ 89:=B98 69B9:=H D9BG=CB D@5BG K5G  A=@@=CB 5B8  A=@@=CB 5H 979A69F
	 
 5B8 
	 F9GD97H=J9@M
,<9 K9=;6?E
%FEDE2?5:?8
2=2?46D
"6G6= 
"6G6= 
"6G6= 
D @7 646>36C 
 
EI=HM
-+ $5F;9 5D

5






U

U
-+ +A5@@  %=8 5D
U
U
U
U
!BH9FB5H=CB5@




U
U
=L98 !B7CA9
-+ !BH9FA98=5H9

U

U
-+ $CB; ,9FA

U

U
-+  =;< 1=9@8


U


U
!BH9FB5H=CB5@




U
'H<9F CAA=B;@98 IB8G


U
U


5G< 5B8 EI=J5@9BHG


U
U
'H<9F

U

U










'H<9F 7CAA=B;@98 :IB8G F9DF9G9BH DCC@98 =BGH=HIH=CB5@ =BJ9GHA9BHG =B BCB
-+ D@5BG


2D:D @7 2:C ,2=F6 #62DFC6>6?E
%FEDE2?5:?8
2=2?46D
"6G6= 
"6G6= 
"6G6= 
D @7 646>36C 
 
EI=HM
-+ $5F;9 5D

5






U

U
-+ +A5@@  %=8 5D

U

U
!BH9FB5H=CB5@




U
=L98 !B7CA9
-+ !BH9FA98=5H9

U

U
-+ $CB; ,9FA

U

U
-+  =;< 1=9@8


U


U
!BH9FB5H=CB5@




U
'H<9F CAA=B;@98 IB8G

U
U

5G< 5B8 EI=J5@9BHG





U
'H<9F

U

U









'H<9F 7CAA=B;@98 :IB8G F9DF9G9BH DCC@98 =BGH=HIH=CB5@ =BJ9GHA9BHG =B BCB
-+ D@5BG
EI=H=9G H<5H 5F9 J5@I98 IG=B; EICH98 DF=79G 5F9 J5@I98 5H H<9 DI6@=G<98 A5F?9H DF=79G EI=H=9G =B 5 7CAACB 7C@@97H=J9 HFIGH
F
CF 5 F9;=GH9F98 =BJ9GHA9BH 7CAD5BM H<5H 5F9 J5@I98 IG=B; G=;B=:=75BH CH<9F C6G9FJ56@9 =BDIHG 5F9 J5@I98 5H H<9 B9H 5GG9H J5@I9
V&.W DFCJ=898 6M H<9 :IB8 58A=B=GHF5HCF ,<9 &. =G 65G98 CB H<9 J5@I9 C: H<9 IB89F@M=B; 5GG9HG CKB98 6M H<9 :IB8 A=BIG
=HG @=56=
5 @=H=9G =L98 =B7CA9 G97IF=H=9G H<5H 5F9 J5@I98 IG=B; G=;B=:=75BH CH<9F C6G9FJ56@9 =BDIHG 5F9 J5@I98 5H DF=79G C6H5=B98
:FCA =B89D9B89BH :=B5B7=5@ G9FJ=79 =B8IGHFM
F
F97C;B=N98 J9B8CFG
*2"/0)"*0 +(& &"/ *! 0.
0
0"$&
" "/
,<9 =BJ9GHA9BH C6>97H=J9 C: H<9 -+ D@5B	 7CBG=GH9BH K=H< DFI89BH GH5B85F8G :CF DF9G9FJ5H=CB C: 75D=H5@ 5B8 A5=BH9B5B79 C:
@=EI=8=HM	 =G HC 95FB H<9 <=;<9GH DCGG=6@9 HCH5@ F5H9 C: F9HIFB 7CBG=GH9BH K=H< H<9 D@5BXG HC@9F5B79 :CF F=G? ,<9 ;9B9F5@ 5GG9H
5@@C75H=CB ;I=89@=B9G :CF D@5B 5GG9HG 5F9 H<5H V9EI=H=9GW K=@@ 7CBGH=HIH9 
 5B8 V:=L
: 98 =B7CA9W C6@=;5H=CBG	 =B7@I8=B; 75G<	 K=@@
7CBGH=HIH9 
 C: H<9 A5F?9H J5@I9 C: HCH5@ :IB8 5GG9HG
,<9 =BJ9GHA9BH C6>97H=J9 C: H<9 -# D@5B	 7CBG=GH9BH K=H< DFI89BH GH5B85F8G :CF DF9G9FJ5H=CB C: 75D=H5@ 5B8 A5=BH9B5B79 C:
@=EI=8=HM	 =G HC 95FB 5 H5F;9H F9HIFB C: -# =@HG D@IG 5DDFCL=A5H9@M  D9F M95F ,<9 ;9B9F5@ 5GG9H 5@@C75H=CB ;I=89@=B9G :CF
D@5B 5GG9HG 5F9 H<5H V:=L
: 98 =B7CA9W C6@=;5H=CBG	 =B7@I8=B; 75G<	 K=@@ 7CBGH=HIH9 

 C: H<9 A5F?9H J5@I9 C: HCH5@ :IB8 5GG9HG
,<9 H9FA V9EI=H=9GW =B7@I89G 7CAACB GHC7?	 K<=@9 H<9 H9FA V:=L
: 98 =B7CA9W =B7@I89G C6@=;5H=CBG K=H< 7CBHF57HI5@ D5MA
H
9BHG
5B8 5 GD97=:=7 A5HIF=HM 85H9 =J9FG=:=75H=CB C: 5GG9HG =G 9AD@CM98 HC 9BGIF9 H<5H 58J9FG9 D9F:CFA5B79 C: CB9 G97IF=HM CF G97IF=HM
7@5GG 8C9G BCH <5J9 5B IB8I9 89HF=A9BH5@ =AD57H CB H<9 DCFH:C@
: =C 5G 5 K2E65 FEFC6 6?67:ED


















 HC 




)F3D6BF6?E G6?ED
IF=B; H<9 :=FGH EI5FH9F C: 
	 H<9 CAD5BM =B=H=5H98 CF;5B=N5H=CB5@ 7<5B;9G	 DF=A5F=@M 89G=;B98 HC 7CBB97H G75@56@9
;FCIDG C: 6IG=B9GG9G 5B8 GHF5H9;=75@@M G<=:H 5K5M :FCA GHF=7H@M J9FH=75@ CF;5B=N5H=CBG HCK5F8G ACF9 9::=
: 7=9BH  
 92?86D :? 2?5 :D28C66>6?ED H:E9 44@F?E2?ED @? 44@F?E:?8 2?5 :?2?4:2= :D4=@DFC6
&CB9
E6> 
@?EC@=D 2?5 &C@465FC6D
,<9 CAD5BM A5=BH5=BG 8=G7@CGIF9 7CBHFC@G 5B8 DFC798IF
8
9G H<5H 5F9 89G=;B98 HC 9BGIF9 H<5H =B:CFA5H=CB F9EI=F98 HC 69
8=G7@CG98 =B H<9 CAD5BMXG L7<5B;9 7H F9DCFHG =G F97CF898	 DFC79GG98	 GIAA5F=N98 5B8 F9DCFH98 K=H<=B H<9 H=A9 D9F=C8G
GD97=:=98 =B H<9 +XG FI@9G 5B8 :CFAG	 5B8 H<5H GI7< =B:CFA5H=CB =G 577IAI@5H98 5B8 7CAAIB=75H98 HC H<9 CAD5BMXG
A5B5;9A9BH	 =B7@I8=B; =HG <=9: L97IH=J9 '::=
: 79F 5B8 <=9: =B5B7=5@ '::=
: 79F	 5G 5DDFCDF=5H9	 HC 5@@CK H=A9@M 897=G=CBG
F9;5F8=B; F9EI=F98 8=G7@CGIF9
G F9EI=F98 6M + *I@9 5
6	 H<9 CAD5BM 75FF=98 CIH 5B 9J5@I5H=CB	 IB89F H<9 GID9
I
FJ=G=CB 5B8 K=H< H<9
D5FH=7=D5H=CB C: H<9 CAD5BMXG A5B5;9A9BH	 =B7@I8=B; H<9 CAD5BMXG
B
<=9: L97IH=J9 '::=
: 79F 5B8 <=9: =B5B7=5@ '::=
: 79F	 C:
H<9 9::9
: 7H=J9B9GG C: H<9 89G=;B 5B8 CD9F5H=CB C: H<9 CAD5BMXG 8=G7@CGIF9 7CBHFC@G 5B8 DFC798IF
8
9G 5G C: H<9 9B8 C: H<9 D9F=C8
7CJ9F98 6M H<=G F9DCFH 5G98 CB H<9 :CF9;C=B;	 H<9 CAD5BMXG <=9: L97IH=J9 '::=
: 79F 5B8 <=9: =B5B7=5@ '::=
: 79F 7CB7@I898
H<5H H<9 CAD5BMXG 8=G7@CGIF9 7CBHFC@G 5B8 DFC798IF
8
9G K9F9 9::9
: 7H=J9 5G C: 979A69F 	 

%5B5;9A9BHXG *9DCFH CB !BH9FB5@ CBHFC@ 'J9F =B5B7=5@ *9DCFH=B; 5DD95F=B; CB D5;9  C: H<=G F9DCFH =G =B7CFDCF5H98
=BHC H<=G !H9A  6M F9:9F9B79
,<9F9 <5G 699B BC 7<5B;9 =B H<9 CAD5BMXG =BH9FB5@ 7CBHFC@ CJ9F :=B5B7=5@ F9DCFH=B; 8IF=B; H<9 CAD5BMXG ACGH F979BH
:=G75@ EI5FH9F H<5H <5G A5H9F=5@@M 5::9
: 7H98	 CF =G F95GCB56@M @=?9@M HC A5H9F=5@@M 5::9
: 7H	 H<9 CAD5BMXG =BH9FB5@ 7CBHFC@ CJ9F
:=B5B7=5@ F9DCFH=B;
E6> 
%E96C ?7@C>2E:@?
IF=B; H<9 M95F 9B898 979A69F 	 
	 BCB9 C: H<9 CAD5BMXG 8=F97HCFG CF 9L97IH=J9 C::=
: 79FG 58CDH98 CF H9FA=B5H98
5BM 7CBHF57H	 =BGHFI7H=CB CF KF=HH9B D@5B :CF H<9 DIF7<5G9 CF G5@9 C: CAD5BM G97IF=H=9G H<5H K5G =BH9B898 HC G5H=G:M H<9
5::=FA
:
5H=J9 89:9BG9 7CB8=H=CBG C: *I@9 
6
7 CF 5BM VBCB
*I@9 
6
 HF58=B; 5FF5B;9A9BHW 5G 89:=B98 =B !H9A 
 C:
*9;I@5H=CB +
# IB89F H<9 +97IF=H=9G L7<5B;9 7H C: 	 5G 5A9B898
E6> 
:D4=@DFC6 (682C5:?8 @C6:8?  FC:D5:4E:@?D E92E &C6G6?E ?DA64E:@?D
&CH DD@=756@9


&(* 
E6> 

:C64E@CD I64FE:G6 %77:
7 46CD 2?5 @CA@C2E6 @G6C?2?46
!B:CFA5H=CB IB89F H<9 <958=B;G V@97H=CB C: =F97HCFGW VC5F8 CAA=HH99GW 5B8 VCFDCF5H9 CJ9FB5B79W =B H<9 

(FCLM +H5H9A9BH =G =B7CFDCF5H98 =BHC H<=G !H9A 
 6M F9:9F9B79 !B:CFA5H=CB F9;5F8=B; 9L97IH=J9 C::=
: 79FG C: H<9 CAD5BM =G
@C75H98 =B (5FH !	 !H9A 	 C: H<=G F9DCFH IB89F H<9 75DH=CB V!B:CF
:
A5H=CB 56CIH 'IF L97IH=J9 '::=
: 79FGW
,<9 CAD5BM <5G 58CDH98 5 C89 C: IG=B9GG CB8I7H 5B8 H<=7G 5DD@=756@9 HC H<9 CAD5BMXG 8=F97HCFG	 C::=
: 79FG
=B7@I8=B; H<9 CAD5BMXG DF=B7=D5@ 9L97IH=J9 C::=
: 79F	 DF=B7=D5@ :=B5B7=5@ C::=
: 79F 5B8 DF=B7=D5@ 577CIBH=B; C::=
: 79F 5B8
9AD@CM99G ,<9 C89 C: IG=B9GG CB8I7H 5B8 H<=7G	 5@CB; K=H< H<9 I8=H CAA=HH99 <5FH9F	 &CA=B5H=B; 5B8 CFDCF5H9
CJ9FB5B79 CAA=HH99 <5FH9F	 CAD9BG5H=CB CAA=HH99 <5FH9F 5B8 CFDCF5H9 CJ9FB5B79 I=89@=B9G 5F9 5J5=@56@9 CB
5
H<9
CAD5BMXG K96G=H9 5H KKK=89L7CFD7CA IB89F V!BJ9GHCFGW !B H<9 9J9BH H<9 CAD5BM 5A9B8G CF K5=J9G 5BM C: H<9 DFCJ=G=CBG
C: H<9 C89 C: IG=B9GG CB8I7H 5B8 H<=7G 5DD@=756@9 HC H<9 CAD5BMXG DF=B7=D5@ 9L97IH=J9 C::=
: 79F	 DF=B7=D5@ :=B5B7=5@ C::=
: 79F
CF DF=B7=D5@ 577CIBH=B; C::=
: 79F	 H<9 CAD5BM =BH9B8G HC 8=G7@CG9 H<9 G5A9 CB =HG K96G=H9
,<9 CAD5BM <5G =BG=89F HF58=B; DC@=7=9G 5B8 DFC798IF
8
9G H<5H ;CJ9FB H<9 DIF7<5G9	 G5@9 5B8 CH<9F 8=GDCG=H=CBG C: =HG
G97IF=H=9G 6M 8=F97HCFG	 C::=
: 79FG	 9AD@CM99G 5B8 7CBHF57HCFG	 5G K9@@ 5G 6M H<9 CAD5BM =HG9@: /9 69@=9J9 H<9G9 DC@=7=9G 5B8
DFC798IF
8
9G 5F9 F95GCB56@M 89G=;B98 HC DFCACH9 7CAD@=5B79 K=H< =BG=89F HF58=B; @5KG	 FI@9G 5B8 F9;I@5H=CBG 5B8 5DD@=756@9
@=GH=B; GH5B85F8G  7CDM C: CIF !BG=89F ,F58=B; (C@=7M =G :=@98 K=H< H<=G BBI5@ *9DCFH CB CFA 
# 5G L<=6=H 
E6> 

I64FE:G6 @>A6?D2E:@?
!B:CFA5H=CB IB89F H<9 <958=B; VL97IH=J9 CAD9BG5H=CBW =B H<9 
 (FCLM +H5H9A9BH =G =B7CFDCF5H98 =BHC H<=G !H9A  6M
F9:9F9B79
E6> 

)64FC:EJ %H?6CD9:A @7 6CE2:? 6?67:4:2= %H?6CD 2?5 #2?286>6?E 2?5 (6=2E65 )E@4<9@=56C #2EE6CD
!B:CFA5H=CB IB89F H<9 <958=B; V+97IF=HM 'KB9FG<=DW =B H<9 
 (FCLM +H5H9A9BH =G =B7CFDCF5H98 =BHC H<=G !H9A  6M
F9:9F9B79
BF:EJ @>A6?D2E:@? &=2? ?7@C>2E:@?
!B:CFA5H=CB K=H< F9GD97H HC H<9 CAD5BMXG 9EI=HM 7CAD9BG5H=CB D@5BG 5G C: 979A69F 	 
 =G 5G :C@@CKG
&=2? 2E68@CJ
8
J
$F>36C @7 )64FC:E:6D
*@ 36 DDF65 +A@?
I6C4:D6 @7
%FEDE2?5:?8 %AE:@?D
-2CC2?ED 2?5 (:89ED
-6:89E65	G6C286
I6C4:D6 &C:46 @7
%FEDE2?5:?8
%AE:@?D -2CC2?ED
2?5 (:89ED
$F>36C @7 )64FC:E:6D
(6>2:?:?8 G2:=23=6 7@C
FEFC6 DDF2?46 +?56C
BF:EJ @>A6?D2E:@?
&=2?D

A
EI=HM 7CAD9BG5H=CB D@5BG 5DDFCJ98 6M H<9 CAD5BMXG
GHC7? 

6CE2:? (6=2E:@?D9:AD 2?5 (6=2E65 *C2?D24E:@?D 2?5 :C64E@C ?56A6?56?46
!B:CFA5H=CB IB89F H<9 <958=B;G	 VCFDCF5H9 CJ9FB5B79W 5B8 VC5F8 CAA=HH99GW =B H<9 
 (FCLM +H5H9A9BH =G
=B7CFDCF5H98 =BHC H<=G !H9A  6M F9:9F9B79
E6> 

&C:?4:A2= 44@F?E2?E 66D 2?5 )6CG:46D


!B:CFA5H=CB IB89F H<9 <958=B; V(F=B7=D5@ 77CIBH5BH 99G 5B8 +9FJ=79GW =B H<9 
 (FCLM +H5H9A9BH =G =B7CFDCF5H98 =BHC
H<=G !H9A  6M F9:9F9B79


&(* ,
E6> 

I9:3:ED 2?5 :?2?4:2= )E2E6>6?E )4965F=6D
  =B5B7=5@ +H5H9A9BHG
CBGC@=85H98 =B5B7=5@ +H5H9A9BHG :=@98 5G D5FH C: H<=G F9DCFH 5F9 @=GH98 IB89F (5FH !!	 !H9A  V=B5B7=5@ +H5H9A9BHG 5B8
+IDD@
I
9A9BH5FM 5H5W
 =B5B7=5@ +H5H9A9BH +7<98I@9G
=B5B7=5@ GH5H9A9BH G7<98I@9G 5F9 CA=HH98 6975IG9 H<9M 5F9 BCH 5DD@=756@9	 BCH F9EI=F98	 BCH A5H9F=5@ CF 6975IG9 H<9
F9EI=F98 =B:CFA5H=CB =G =B7@I898 =B H<9 CBGC@=85H98 =B5B7=5@ +H5H9A9BHG C: H<9 CAD5BM CF H<9 &CH9G H<9F9HC
 L<=6=HG
,<9 9L<=6=HG :=@98 K=H< H<=G F9DCFH 5F9 @=GH98 CB H<9 VL<=6=H !B89L	W K<=7< DF97989G H<9 G=;B5HIF9 D5;9 C: H<=G F9DCFH
E6> 

@C> 
	! )F>>2CJ
&CB9


I9:3:E ?56I
I9:3:E
$F>36C
6D4C:AE:@?

*9GH5H98 9FH=:=75H9 C: !B7CFDCF5H=CB C: !0 CFDCF5H=CB 5G 5A9B898 HC 85H9 =B7CFDCF5H98 6M F9:9F9B79
HC L<=6=H  HC H<9 BBI5@ *9DCFH C: !0 CFDCF5H=CB CB CFA 
# :CF H<9 :=G75@ M95F 9B898
979A69F 	 


+97CB8 A9B898 5B8 *9GH5H98 M@5KG C: !0 CFDCF5H=CB	 9::9
: 7H=J9 5G C: '7HC69F 	 

=B7CFDCF5H98 6M F9:9F9B79 HC L<=6=H &C  HC H<9 )I5FH9F@M *9DCFH CB CFA 
) C: !0 CFDCF5H=CB
:CF H<9 EI5FH9F 9B898 +9DH9A69F 
	 


!B89BHIF9 69HK99B !0 CFDCF5H=CB 5B8 /9@@G 5F;C 5B?	 &5H=CB5@ GGC7=5H=CB	 5G ,FIG
F
H99	 85H98 5G C:
979A69F 	 

 96H +97IF=H=9G =B7CFDCF5H98 6M F9:9F9B79 HC L<=6=H &C  HC H<9 IFF9BH *9DCFH C:
!0 CFDCF5H=CB CB CFA 
# :=@98 979A69F 	 



,<=F8 +IDD@
I
9A9BH5@ !B89BHIF9 69HK99B !0 CFDCF5H=CB 5B8 /9@@G 5F;C 5B?	 &5H=CB5@ GGC7=5H=CB	 5G
,FIG
F
H99	 85H98 5G C: DF=@ 	 

	 5G HC 

 +9B=CF &CH9G 8I9 

 =B7CFDCF5H98 6M F9:9F9B79 HC
L<=6=H &C  HC H<9 IFF9BH *9DCFH C: !0 CFDCF5H=CB CB CFA 
# :=@98 DF=@ 	 



CIFH< +IDD@
I
9A9BH5@ !B89BHIF9 69HK99B !0 CFDCF5H=CB 5B8 /9@@G 5F;C 5B?	 &5H=CB5@ GGC7=5H=CB	
5G ,FIG
F
H99	 85H98 5G C: %5M 	 
	 5G HC  +9B=CF &CH9G 8I9 
 =B7CFDCF5H98 6M F9:9F9B79 HC
L<=6=H &C  HC H<9 IFF9BH *9DCFH C: !0 CFDCF5H=CB CB CFA 
# :=@98 %5M 	 


=:H< +IDD@
I
9A9BH5@ !B89BHIF9 69HK99B !0 CFDCF5H=CB 5B8 CADIH9FG<5F9 ,FIGH
F
CAD5BM	 &	 5G
GI779GGCF HC /9@@G 5F;C 5B?	 &5H=CB5@ GGC7=5H=CB	 5G ,FIG
F
H99	 85H98 5G C: I;IGH 	 
	 5G HC

 +9B=CF &CH9G 8I9 
 =B7CFDCF5H98 6M F9:9F9B79 HC L<=6=H &C  HC H<9 IFF9BH *9DCFH C:
!0 CFDCF5H=CB CB CFA 
# :=@98 I;IGH 	 


&CH9 (IF7<5G9 ;F99A9BH	 85H98 "IB9 	 
	 69HK99B !0 CFDCF5H=CB 5B8 H<9 (IF7<5G9FG @=GH98 =B
+7<98I@9  H<9F9HC =B7CFDCF5H98 6M F9:9F9B79 =B L<=6=H &C  HC H<9 IFF9BH *9DCFH C: !0
CFDCF5H=CB CB CFA 
# :=@98 "IB9 	 


&CH9 (IF7<5G9 5B8 %5GH9F &CH9 ;F99A9BH	 85H98 "IB9 	 
	 5ACB; !0 CFDCF5H=CB	 &1$
!BJ9GHCFG $$	 &9K 1CF? $=:9 !BGIF5B79 CAD5BM	 &9K 1CF? $=:9 FCID !BGIF5B79 CAD5BM C: &1	
&9K 1CF? $=:9 !BGIF5B79 5B8 BBI=HM CFDCF5H=CB !BGH=HIH=CB5@@M CKB98 $=:9 !BGIF5B79 +9D5F5H9 77CIBH
'$! 	 &9K 1CF? $=:9 !BGIF5B79 5B8 BBI=HM CFDCF5H=CB !BGH=HIH
H =CB5@@M CKB98 $=:9 !BGIF5B79
+9D5F5H9 77CIBH '$! 
 5B8 &9K 1CF? $=:9 !BGIF5B79 5B8 BBI=HM CFDCF5H=CB !BGH=HIH=CB5@@M
CKB98 $=:9 !BGIF5B79 +9D5F5H9 77CIBH '$! 
 =B7CFDCF5H98 6M F9:9F9B79 HC L<=6=H &C  HC H<9
IFF9BH *9DCFH C: !0 CFDCF5H=CB CB CFA 
# :=@98 "IB9 	 


9G7F=DH=CB C: +97IF=H=9G =B7CFDCF5H98 6M F9:9F9B79 HC L<=6=H &C  HC H<9 BBI5@ *9DCFH C: !0
CFDCF5H=CB CB CFA 
# :CF H<9 :=G75@ M95F 9B898 979A69F 	 



!0 CFDCF5H=CB 
 !B79BH=J9 K5F8 (@5B =B7CFDCF5H98 6M F9:9F9B79 HC L<=6=H  HC H<9 *9;=GHF5BHXG
*9;=GHF5H=CB +H5H9A9BH CB CFA +
	 :=@98 K=H< H<9 CAA=GG=CB CB %5M 	 



*9J=G98 5B8 *9GH5H98 !0 CFDCF5H=CB %5B5;9A9BH !B79BH=J9 CAD9BG5H=CB (@5B :CF #9M AD@CM99G
::9
: 7H=J9 "5BI5FM 	 
 =B7CFDCF5H98 6M F9:9F9B79 HC L<=6=H 
 HC H<9 )I5FH9F@M *9DCFH CB CFA 
)
C: !0 CFDCF5H=CB :CF H<9 EI5FH9F 9B898 "IB9 
	 



!0 CFDCF5H=CB CFA C: =F97HCF !B89AB=:=75H=CB ;F99A9BH =B7CFDCF5H98 6M F9:9F9B79 HC L<=6=H 

HC H<9 BBI5@ *9DCFH C: !0 CFDCF5H=CB CB CFA 
# :CF H<9 :=G75@ M95F 9B898 979A69F 	 



!0 CFDCF5H=CB A9B898 5B8 *9GH5H98 +HC7? 'DH=CB (@5B :CF 'IHG=89 =F97HCFG	 58CDH98 6M F9GC@IH=CB
C: H<9 C5F8 C: =F97HCFG 85H98 5G C: &CJ9A69F 
	 

 =B7CFDC
F
F5H98 6M F9:9F9B79 HC L<=6=H 
 5 HC
H<9 BBI5@ *9DCFH C: !0 CFDCF5H=CB CB CFA 
# :CF H<9 M95F 9B898 979A69F 	 




!0 CFDCF5H=CB !B79BH=J9 K5F8 (@5B 5G 5A9B898 5B8 F9GH5H98 =B7CFDCF5H98 6M F9:9F9B79 HC
DD9B8=L  C: H<9 (FCLM +H5H9A9BH C: !0 CFDCF5H=CB CB +7<98I@9 	 :=@98 %5F7< 	 



,<=F8 A9B898 5B8 *9GH5H98 !0 CFDCF5H=CB =F97HCFG 9:9FF98 CAD9BG5H=CB (@5B =B7CFDCF5H98 6M
F9:9F9B79 HC L<=6=H &C 

 HC H<9 BBI5@ *9DCFH C: !0 CFDCF5H=CB CB CFA 
# :CF H<9 M95F
9B898 979A69F 	 




!0 CFDCF5H=CB +IDD@
I
9A9BH5@ L97IH=J9 *9H=F9A9BH 5B8 9:9FF98 CAD9BG5H=CB (@5B =B7CFDCF5H98 6M
F9:9F9B79 HC L<=6=H &C 
 HC H<9 BBI5@ *9DCFH C: !0 CFDCF5H=CB CB CFA 
# :CF H<9 M95F
9B898 979A69F 	 




$9HH9F ;F99A9BHG 69HK99B !0 CFDCF5H=CB 5B8 F=7 G<@9A5B	 85H98 "5BI5FM 	 

 5B8 96FI5FM
	 
 =B7CFDCF5H98 6M F9:9F9B79 HC L<=6=H &C 
 HC H<9 BBI5@ *9DCFH C: !0 CFDCF5H=CB CB
CFA 
# :CF H<9 M95F 9B898 979A69F 	 





CFA C: !0 CFDCF5H=CB +HC7? 'DH=CB ;F99A9BH 9::9
: 7H=J9 96FI5FM 
 =B7CFDCF5H98 6M F9:9F9B79 HC
L<=6=H &C 
 HC H<9 BBI5@ *9DCFH C: !0 CFDCF5H=CB CB CFA 
# :CF H<9 M95F 9B898 979A69F
	 




CFA C: !0 CFDCF5H=CB *9GHF=7H98 +HC7? -B=H K5F8 ;F99A9BH 9::9
: 7H=J9 96FI5FM 
 =B7CFDCF5H98
6M F9:9F9B79 HC L<=6=H &C 
 HC H<9 BBI5@ *9DCFH C: !0 CFDCF5H=CB CB CFA 
# :CF H<9 M95F
9B898 979A69F 	 



CFA C: !0 CFDCF5H=CB *9GHF=7H98 +HC7? -B=H K5F8 ;F99A9BH 
 5G< +9HH@98 9::9
: 7H=J9 96FI5FM

 =B7CFDCF5H98 6M F9:9F9B79 HC L<=6=H &C 
 HC H<9 BBI5@ *9DCFH C: !0 CFDCF5H=CB CB CFA

# :CF H<9 M95F 9B898 979A69F 	 



CFA C: !0 CFDCF5H=CB (9F:CFA5B79 +<5F9 -B=H K5F8 ;F99A9BH 9::9
: 7H=J9 96FI5FM 

=B7CFDCF5H98 6M F9:9F9B79 HC L<=6=H &C 

 HC H<9 BBI5@ *9DCFH C: !0 CFDCF5H=CB CB CFA 
#
:CF H<9 M95F 9B898 979A69F 	 



CFA C: !0 CFDCF5H=CB *9GHF=7H98 +HC7? -B=H ;F99A9BH :CF =F97HCFG 9::9
: 7H=J9 96FI5FM 

=B7CFDCF5H98 6M F9:9F9B79 HC L<=6=H &C 
 HC H<9 BBI5@ *9DCFH C: !0 CFDCF5H=CB CB CFA 
#
:CF H<9 M95F 9B898 979A69F 	 



CFA C: !0 CFDCF5H=CB +HC7? 'DH=CB ;F99A9BH 9::9
: 7H=J9 96FI5FM 
 =B7CFDCF5H98 6M F9:9F9B79 HC
L<=6=H &C 
 HC H<9 BBI5@ *9DCFH C: !0 CFDCF5H=CB CB CFA 
# :CF H<9 M95F 9B898 979A69F
	 



CFA C: !0 CFDCF5H=CB *9GHF=7H98 +HC7? K5F8 ;F99A9BH 9::9
: 7H=J9 96FI5FM 
 =B7CFDCF5H98 6M
F9:9F9B79 HC L<=6=H &C 
 HC H<9 BBI5@ *9DCFH C: !0 CFDCF5H=CB CB CFA 
# :CF H<9 M95F
9B898 979A69F 	 



$9HH9F ;F99A9BH 69HK99B !0 CFDCF5H=CB 5B8 F=7  G<@9A5B	 85H98 "5BI5FM 	 
 =B7CFDCF5H98
6M F9:9F9B79 HC L<=6=H 
 HC H<9 BBI5@ *9DCFH C: !0 CFDCF5H=CB CB CFA 
# :CF H<9 :=G75@ M95F
9B898 979A69F 	 




A9B8A9BH HC $9HH9F ;F99A9BH 85H98 96FI5FM 	 
	 69HK99B !0 CFDCF5H=CB 5B8 F=7 
G<@9A5B	 9::9
: 7H=J9 5G C: DF=@ 	 
 =B7CFDCF
F
5H98 6M F9:9F9B79 HC L<=6=H 
 HC H<9 )I5FH9F@M *9DCFH
CB CFA 
) C: !0 CFDCF5H=CB :CF H<9 EI5FH9F 9B898 %5F7< 	 



CFA C: !0 CFDCF5H=CB (9F:CFA5B79 +<5F9 -B=H K5F8 ;F99A9BH 
 +HC7? +9HH@98	 9::9
: 7H=J9 96FI5FM

 =B7CFDCF5H98 6M F9:9F9B79 HC L<=6=H 
 HC H<9 BBI5@ *9DCFH C: !0 CFDCF5H=CB CB CFA 
# :CF H<9 :=G75@ M95F 9B898 979A69F 	 



CFA C: !0 CFDCF5H=CB *9GHF=7H98 +HC7? K5F8 ;F99A9BH	 9::9
: 7H=J9 96FI5FM 
 =B7CFDCF5H98 6M
F9:9F9B79
:
HC L<=6=H 
 HC H<9 BBI5@ *9DCFH C: !0 CFDCF5H=CB CB CFA 
# :CF H<9 :=G75@ M95F
9B898 979A69F 	 




CFA C: !0 CFDCF5H=CB *9GHF=7H98 +HC7? -B=H ;F99A9BH :CF =F97HCFG	 9::9
: 7H=J9 96FI5FM 

=B7CFDCF5H98 6M F9:9F9B79 HC L<=6=H 
 HC H<9 BBI5@ *9DCFH C: !0 CFDCF5H=CB CB CFA 
# :CF
H<9 :=G75@ M95F 9B898 979A69F 	 



CFA C: !0 CFDCF5H=CB (9F:CFA5B79 +<5F9 -B=H K5F8 ;F99A9BH 
 5G< +9HH@98	 9::9
: 7H=J9 96FI5FM

 =B7CFDCF5H98 6M F9:9F9B79 HC L<=6=H 
 HC H<9 BBI5@ *9DCFH C: !0 CFDCF5H=CB CB CFA 
# :CF H<9 :=G75@ M95F 9B898 979A69F 	 



CFA C: !0 CFDCF5H=CB +HC7? 'DH=CB ;F99A9BH	 9::9
: 7H=J9 96FI5FM 
 =B7CFDCF5H98 6M F9:9F9B79
HC L<=6=H 

 HC H<9 BBI5@ *9DCFH C: !0 CFDCF5H=CB CB CFA 
# :CF H<9 :=G75@ M95F 9B898
979A69F 	 



CFA C: !0 CFDCF5H=CB +HC7? 'DH=CB ;F99A9BH 
 5G< +9HH@98	 9::9
: 7H=J9 96FI5FM 
 =B7CFDCF5H98
6M F9:9F9B79 HC L<=6=H 
 HC H<9 BBI5@ *9DCFH C: !0 CFDCF5H=CB CB CFA 
# :CF H<9 :=G75@ M95F
9B898 979A69F 	 



CFA C: !0 CFDCF5H=CB *9GHF=7H98 +HC7? -B=H K5F8 ;F99A9BH 
 5G< +9HH@98	 9::9
: 7H=J9 96FI5FM

 =B7CFDCF5H98 6M F9:9F9B79 HC L<=6=H 
 HC H<9 BBI5@ *9DCFH C: !0 CFDCF5H=CB CB CFA 
# :CF H<9 :=G75@ M95F 9B898 979A69F 	 



CFA C: !0 CFDCF5H=CB *9GHF=7H98 +HC7? -B=H K5F8 ;F99A9BH	 9::9
: 7H=J9 979A69F 

=B7CFDCF5H98 6M F9:9F9B79 HC L<=6=H 
 HC H<9 BBI5@ *9DCFH C: !0 CFDCF5H=CB CB CFA 
# :CF
H<9 :=G75@ M95F 9B898 979A69F 	 



CFA C: !0 CFDCF5H=CB CB:=8
: 9BH=5@ !B:CFA5H=CB	 /CF? (FC8I7H 5B8 *9GHF=7H=J9 CJ9B5BH ;F99A9BH
=B7CFDCF5H98 6M F9:9F9B79 HC L<=6=H 
 HC H<9 BBI5@ *9DCFH C: !0 CFDCF5H=CB CB CFA 
# :CF
H<9 :=G75@ M95F 9B898 979A69F 	 





A9B898 5B8 *9GH5H98 F98=H ;F99A9BH	 85H98 5G C: &CJ9A69F 	 
	 K<=7< 5A9B8G 5B8 F9GH5H9G H<9
F98=H ;F99A9BH	 85H98 5G C: %5M 	 
	 6M 5B8 5ACB; !0 CFDCF5H=CB 5B8 79FH5=B C: =HG
GI6G
I
=8=5F=9G	 5G 6CFFCK9FG	 5B? C: A9F=75	 &	 5G 58A=B=GHF5H=J9 5;9BH	 GK=B; @=B9 @9B89F 5B8 5B =GGI9F
C: @9HH9FG C: 7F98=H "(%CF;5B <5G9 5B?	 & 5B8 /9@@G 5F;C 5B?	 &5H=CB5@ GGC7=5H=CB	 5G 7C
GMB8=75H=CB 5;9BHG 5B8 =GGI9FG C: @9HH9FG C: 7F98=H  + 5B? -+	 &5H=CB5@ GGC7=5H=CB	 %=NI
I 97H HC H<9 @=56=
5 @=HM C: H<5H G97H=CB	 5B8 G<5@@ BCH 69 D5FH C: 5BM F9;=GHF5H=CB GH5H9A9BH CF CH<9F
8C7IA9BH :=@98 IB89F H<9 +97IF=H=9G 7H CF H<9 L7<5B;9 7H	 9L79DH 5G G<5@@ 69 9LDF9GG@M G9H :CFH< 6M GD97=:=7
F9:9F9B79 =B GI7< :=@=B;


)$*+()
(IFGI5BH HC H<9 F9EI=F9A9BHG C: +97H=CB  CF 8 C: H<9 +97IF=H=9G L7<5B;9 7H C: 	 H<9 *9;=GHF5BH <5G 8I@M 75IG98
H<=G F9DCFH HC 69 G=;B98 CB =HG 69<5@: 6M H<9 IB89FG=;B98	 H<9F9IBHC 8I@M 5IH5B8FC )I=FCN 9BH9BC
96FI5FM 
	 

G *$ *  *!+,&+'&
=F97HCF
5F@ *