Lululemon Annual Report 2024

FY2024 Annual Report · Lululemon
Loading PDF…
ANNUAL REPORT 2024

I am pleased with the results we delivered in 2024 and the progress 
we continue to make towards our enterprise goals. It was another year 
of growth for our company, steadied by our proven business strategy, 
commitment to long-term success, and strong balance sheet.
 
As we begin 2025 and navigate an increasingly complex 
macroeconomic environment, including evolving tariff and trade 
policies, I have the utmost confidence in our ability to remain agile, 
and maintain our innovative edge and strong guest relationships. 
We are grounded in our long-term perspective, and operate from a 
position of strength, with a range of levers to help us navigate in real 
time – from our global, omni-channel sales mix to our strong margin, 
to our pricing power.
 
Leading through unexpected times requires a level of clarity, focus, 
and agility across the organization. And our senior leaders have 
shown their ability to steer through adversity, while continuing to 
build our brand, and identify and pursue opportunities that emerge 
for lululemon.
 
In 2024, we surpassed $10 billion in annual revenue for the first time, 
driven by growth across our merchandise categories, channels, and 
markets. Adjusted earnings per share increased 15%1 year-over-year 
and we ended 2024 with $2.0 billion in cash and cash equivalents 
and no debt. 
 
This performance is a testament to our established strategic plan 
and builds on our momentum over the past five years, during which 
we have more than doubled our total revenue and expanded our 
fleet of company-operated stores by nearly 50%.
 
I deeply appreciate and am grateful for the passion and commitment 
of our 39,000 employees around the world. It is their hard work and the 
incredible products and experiences they create for our guests and 
communities that will drive our business forward in the year ahead.
 
Commitment to Growth
We remain focused on our Power of Three ×2 growth strategy and 
our pillars of product innovation, guest experience, and market 
expansion continue to fuel our business.
Since introducing the strategy in 2021, our results and growth have 
inspired us to raise the bar for creativity and impact. At the same time, 
we are keenly aware of the importance of adapting to the marketplace 
and continually assessing the unmet needs of our guests. 
 
During the year, we made strategic shifts across our enterprise to 
position us well for the future. This included evolving our product 
and brand team structures and creating greater integration and 
collaboration across our organization. We are now aligned earlier in 
our go-to-market strategy, spanning product design, merchandising, 
marketing, and channel, which is translating into stronger and more 
integrated campaigns and activations. 
We see opportunities going forward to grow our business in each 
market in which we operate, including the United States. And we 
will continue to elevate our ways of working in 2025 as we focus on 
executing on our near-term priorities, while strategically investing for 
long-term growth.
Differentiated Approach to Product Innovation
One of our competitive advantages is our distinct approach to 
product innovation, which blends high performance with high 
style. Guided by our “Made to Feel” design philosophy, we engineer 
sensation using our proprietary fabrics and unique construction 
techniques to create products that differentiate our brand.
 
In 2024, we saw growth across our merchandise categories, 
including a 9% increase in women’s, 14% increase in men’s, and 
10% increase in other categories. A key part of this success was the 
ongoing strong performance of our core franchises.
 
We also introduced a number of new technical innovations, such as 
our ShowZero polo, which eliminates the appearance of sweat, as 
well as new fabric offerings throughout our Wunder Under franchise. 
In addition, we launched our first-ever men’s footwear collection, 
featuring both performance and casual styles. 
 
As a brand committed to creating products that help people 
unlock their full potential, we were excited to unveil 36 new product 
innovations last spring, co-created with our ambassadors who 
participated in our first-of-its-kind FURTHER women’s ultramarathon. 
This six-day race put these innovations to the test and showcased 
how far women can go with access to resources and products 
typically reserved for men. 
 
I am pleased with our strong product pipeline for 2025 and how our 
teams are increasing our speed of innovation and bringing more 
creativity to everything we do through our evolved model.
 
Guest and Community-Centric Model
Through our more than 750 stores and touchpoints across our omni-
ecosystem, we continue to create a best-in-class guest experience 
built on strong and authentic relationships with our communities. In 
2024, we delivered growth across channels, with company-operated 
store net revenue increasing 14% and e-commerce net revenue 
increasing 6%. 
To our shareholders
ANNUAL REPORT 2024

How we connect with guests and foster community remains tailored 
to each of our markets. In North America, we introduced new 
offerings to our Essential Membership program, which has grown 
nearly 65% year-over-year to 28 million members. And in China 
Mainland, more than 10,000 people across 40 cities came together 
to compete in our fourth annual Summer Sweat Games. 
At the center of our work is our team of educators. Their role as 
product experts and community leaders helps to deepen our 
connection with our guests and better understand their needs.
In addition to our educators, we have more than 1,700 
ambassadors globally who support our efforts to raise brand 
awareness and share our values and commitment to community 
and impact. Last year, we were thrilled to expand our collective to 
include PGA golfer Max Homa, professional tennis player Frances 
Tiafoe, and Chinese director, actress, and screenwriter Jia Ling. 
We also welcomed a number of influential new local and store 
ambassadors across the globe. 
Growing Our Global Footprint
We continue to have a signifi cant runway for growth around the 
world, and our approach to think globally and act locally is resonating 
with our guests. In 2024, we saw growth in every market that we 
operate in, and our total revenue rose by 41% in China Mainland, 
27% in Rest of World, and 4% in the Americas. 
One key way we extend our reach to new guests is by strategically 
enhancing and expanding our global retail presence. Last year, we 
completed 39 store optimizations, focused on integrating online and 
in-store shopping, inventory management, and highlighting product 
newness. We also added 56 net new company-operated stores, 
which contributed to a 14% increase in square footage. In 2025, we 
expect to open another 40-45 net new company operated stores, 
including approximately 10-15 locations in the Americas. These plans 
will expand our overall global square footage by about 10%.
Throughout the year, we celebrated several exciting milestones 
across our markets, including 10 years since the opening of our fi rst 
store in Europe, surpassing $1B in net revenue in China Mainland, 
and acquiring the lululemon Mexico operations and retail locations 
from a third-party partner, transitioning from a franchise approach to 
a company-operated model in the region. 
We were also proud to outfi t the Canadian Olympic and Paralympic 
Teams for the Paris Games. This partnership is a great example 
of successfully elevating lululemon on the world stage, helping to 
grow our global brand awareness and support elite athletes. We are 
eagerly looking forward to the 2026 Olympic and Paralympic Winter 
Games in Italy, where we will launch lululemon this summer. 
Driving Impact
We remain committed to advancing our Impact Agenda goals and 
strategies to support the wellbeing of people and the planet. 
For our people, we continued to foster a culture that strives to be 
both high performance and high care, with critical investments 
made in our talent and learning programs. Last year, we expanded 
our parenthood offerings, maintained pay equity for the eighth year 
in a row, and remained focused on our IDEA work. And to galvanize 
around our priorities and develop our people, we held our fi rst 
in-person global Leadership Summit in fi ve years.
To help our communities thrive, through our Centre for Social 
Impact, we supported a cohort of 100 globally and locally-led non-
profi t grantees who are dedicated to removing barriers to physical, 
social, and mental wellbeing. 
For our planet, we continued to advance our climate action work 
and make progress towards our goal of developing more products 
with preferred materials. This work included introducing the world’s 
fi rst enzymatically recycled nylon 6,6 product in partnership with 
Samsara Eco, and we were pleased to be recognized as one of Fast 
Company’s Most Innovative Companies for the teamwork behind 
this industry milestone.
Building on Our Success
In closing, I am proud of our many achievements in 2024, and I would 
like to thank our dedicated lululemon teams and leaders for how they 
show up for our guests, communities, and one another. 
To our shareholders, we are grateful for your ongoing trust and 
support. While the external environment remains dynamic, we 
have demonstrated our ability to adapt swiftly to evolving market 
dynamics and stay focused on what we can control and what we do 
best – creating amazing products and experiences that resonate 
around the world.
In 2025 and beyond, we will continue to leverage the strength of our 
teams and differentiated operating model to drive momentum in our 
business and create long-term value for all our stakeholders.
Sincerely,
Calvin McDonald
Chief Executive Offi cer
1 This metric is a non-GAAP fi nancial measure. Please refer to the section entitled “Non-GAAP Financial Measures” included in Item 7 of Part II of the accompanying report on Form 10-K. 
This letter contains forward-looking statements based on current expectations that involve risks, uncertainties and assumptions, such as our plans, objectives, expectations, and intentions. 
Our actual results and the timing of events may differ materially from those anticipated in these forward-looking statements as a result of various factors, including those stated in the “Item 1A. 
Risk Factors” section and elsewhere in our Annual Report on Form 10-K.
ANNUAL REPORT 2024


' &%&&%%'$&% * !%%! 
)-?45:3@;:


,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
;>9	
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

  '$"!$&"'$%' &&!%&! 	!$	
0!&%'$&%* &!	
;>@4125?/-8E1->1:0101.>A->E



!$

&$ %&! $"!$&"'$%' &&!%&! 	!$	
0!&%'$&%* &!	
;>@41@>-:?5@5;:<1>5;02>;9@;
;995??5;:2581:A9.1>	
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
8A8A819;:-@481@5/-5:/
D-/@:-91;2>135?@>-:@-??<1/525105:5@?/4->@1>
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
18-C->1



%@-@1;>;@41>6A>5?05/@5;:;2
5:/;><;>-@5;:;>;>3-:5F-@5;:
$%9<8;E1>
01:@525/-@5;: A9.1>
		;>:C-88B1:A1(-:/;AB1>>5@5?4;8A9.5- (	

!!-"..+#,-&* &,("3" 0/&1"+##& ".
$135?@>-:@?@181<4;:1:A9.1>5:/8A05:3->1-/;01
	

%1/A>5@51?>135?@1>10?A-:@@;%1/@5;:	
.;2@41/@
&5@81;21-/4/8-??
&>-05:3?E9.;8?
 -91;21-/41D/4-:31;:C45/4>135?@1>10
DBBDC-ID8@
E6GK6AJ:E:GH=6G:
&/&/
(6H96F!AD76A-:A:8I'6G@:I
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
#C9>86I:7N8=:8@B6G@>;I=:G:<>HIG6CI>H6L:AA@CDLCH:6HDC:9>HHJ:G
6H9:;>C:9>C,JA:D;I=:-:8JG>I>:H8I3:H  (D

#C9>86I: 7N 8=:8@ B6G@ >; I=: G:<>HIG6CI >H CDI G:FJ>G:9 ID ;>A: G:EDGIH EJGHJ6CI ID -:8I>DC  DG -:8I>DC 9 D; I=: 8I
3:H  (D 
#C9>86I:7N8=:8@B6G@L=:I=:GI=:G:<>HIG6CI=6H;>A:96AAG:EDGIHG:FJ>G:9ID7:;>A:97N-:8I>DCDG9D;I=:-:8JG>I>:HM8=6C<:8ID;9JG>CC<
BDCI=HDG;DGHJ8=H=DGI:GE:G>D9I=6II=:G:<>HIG6CIL6HG:FJ>G:9ID;>A:HJ8=G:EDGIH
6C9=6H7::CHJ7?:8IIDHJ8=;>A>CG:B:CIH;DGI=:E6HI
96NH3:H 
(D 
#C9>86I:7N8=:8@B6G@L=:I=:GI=:G:<>HIG6CI=6HHJ7B>II:9:A:8IGDC>86AAN:K:GN#CI:G68I>K:6I6 >A:G:FJ>G:9ID7:HJ7B>II:9EJGHJ6CIID,JA:D;,:DC-.9JG>CC<BDCI=HDG;DGHJ8=H=DGI:GE:G>D9I=6II=:G:<>HIG6CIL6HG:FJ>G:9IDHJ7B>IHJ8=;>A:H3:H 
(D 
#C9>86I:7N8=:8@B6G@L=:I=:GI=:G:<>HIG6CI>H6A6G<:688:A:G6I:9;>A:G
6C688:A:G6I:9;>A:G
6CDC688:A:G6I:9;>A:G
6HB6AA:GG:EDGI>C<8DBE6CN
DG6C:B:G<>C<C>I>DCHD;A6G<:688:A:G6I:9;>A:G
688:A:G6I:9;>A:G
HB6AA:GG:EDGI>C<8DBE6CN
6C9:B:G<>C<C,JA:7D;I=:M8=6C<:8I
&6G<:88:A:G6I:9 >A:G

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

(DC688:A:G6I:9;>A:G

-B6AA:GG:EDGI>C<8DBE6CN

B:G<>C<C<C9>86I:7N8=:8@B6G@>;I=:G:<>HIG6CI=6H:A:8I:9CDIIDJH:I=::MI:C9:9IG6CH>I>DCE:G>D9;DG8DBEAN>CI=6CNC:LDGG:K>H:9;>C6C8>6A
688DJCI>C9:9EJGHJ6CIID-:8I>DC6D;I=:M8=6C<:8I
#C9>86I:7N8=:8@B6G@L=:I=:GI=:G:<>HIG6CI=6H;>A:96G:EDGIDC6C96II:HI6I>DCID>IHB6C6<:B:CIH6HH:HHB:CID;I=::;;:8I>K:C:HHD;>IH>CI:GC6A8DCIGDADK:G;>C6C8>6A
G:EDGI>CDC7D;I=:-6G76C:H)MA:N8I/-77NI=:G:<>HI:G:9EJ7A>8688DJCI>C<;>GBI=6IEG:E6G:9DG>HHJ:9>IH6J9>IG:EDGI
#;H:8JG>I>:H6G:G:<>HI:G:9EJGHJ6CIID-:8I>DC7D;I=:8I
>C9>86I:7N8=:8@B6G@L=:I=:GI=:;>C6C8>6AHI6I:B:CIHD;I=:G:<>HIG6CI>C8AJ9:9>CI=:;>A>CDCD;6C:GGDGIDEG:K>DJHAN>HHJ:9;>C6C8>6AHI6I:B:CIH
#C9>86I:7N8=:8@B6G@L=:I=:G6CND;I=DH::GGDG8DGG:8I>DCH6G:G:HI6I:B:CIHI=6IG:FJ>G:96G:8DK:GN6C6ANH>HD;>C8:CI>K:76H:98DBE:CH6I>DCG:8:>K:97N6CND;I=:
G:<>HIG6CITH :M:8JI>K: D;;>8:GH 9JG>C< I=: G:A:K6CI G:8DK:GN E:G>D9 EJGHJ6CI ID P7 
#C9>86I:7N8=:8@B6G@L=:I=:GI=:G:<>HIG6CI>H6H=:AA8DBE6CN6H9:;>C:9>CGJA:7D;I=:8I3:H
(D 
.=:6<CA>6I:HD;I=:G:<>HIG6CIDC$JAN
L6H6EEGDM>B6I:AN


-J8=6<C8:D;I=:8DBBDCHID8@6HG:EDGI:9DCI=:(6H96F!AD76A-:A:8I'6G@:IDC$JAN
 DGEJGEDH:HD;9:I:GB>C>CH6BDJCI
DCAN
I=:G:<>HIG6CI=6H9:;>C:96;;>A>6I:H6H>C8AJ9>CK:D;;>8:GH
9>G:8IDGH
6C9DLC:GHD;DGBDG:D;I=:DJIHI6C9>CCHIG6CIDC$JAN


+))+*/+ '	I'6G8=
I=:G:L:G:

H=6G:HD;I=:G:<>HIG6CIH8DBBDCHID8@
E6GK6AJ:E:GH=6G:
DJIHI6C9>C<
3 %*$"("*!," &(+/&*$%-".	I'6G8=

I=:G:L:G:DJIHI6C9>C<

:M8=6C<:67A:H=6G:HD;&JAJ6C69>6C"DA9>C<
#C8
6L=DAANDLC:9HJ7H>9>6GND;
I=:G:<>HIG6CIM8=6C<:67A:H=6G:H6G::M8=6C<:67A:;DG6C:FJ6ACJB7:GD;H=6G:HD;I=:G:<>HIG6CIH8DBBDCHID8@
#C699>I>DC
6I'6G8=

I=:G:<>HIG6CI=69DJIHI6C9>C<

H=6G:HD;HE:8>6AKDI>C8=I=:=DA9:GHD;:M8=6C<:67A:H=6G:HD;&JAJ6C69>6C
"DA9>C<
#C8B6N:M:G8>H:I=:>GKDI>C<=IHL>I=G:HE:8IIDI=:G:<>HIG6CI.=:HE:8>6AKDI>CHIG6CIH8DBBDCHID8@<:C:G6AANKDI:ID<:I=:G6H6H>C8=I=:8DBBDCHID8@>H:CI>IA:9IDKDI:
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
!' &% !$"!$&+$$ 
*DGI>DCHD;I=:*GDMN-I6I:B:CI;DGI=:CCJ6A'::I>CC8DGEDG6I:97NG:;:G:C8:>CID*6GI###D;I=>HCCJ6A,:EDGIDC DGB%

&!! & &%
"-31
"$&
@19	
A?5:1??
	
@19	
$5?7-/@;>?

@19	
E.1>?1/A>5@E


@19

">;<1>@51?


@19
13-8">;/1105:3?


@19
5:1%-21@E5?/8;?A>1?


"$&
@19

->71@2;>$135?@>-:@?;99;:=A5@E$18-@10%@;/74;801>-@@1>?-:0??A1>"A>/4-?1?;2=A5@E%1/A>5@51?


@19
%181/@10;:?;850-@105:-:/5-8-@-


@19
-:-3191:@?5?/A??5;:-:0:-8E?5?;25:-:/5-8;:05@5;:-:0$1?A8@?;2!<1>-@5;:?


@19
#A-:@5@-@5B1-:0#A-85@-@5B15?/8;?A>1?.;A@->71@$5?7

@19
5:-:/5-8%@-@191:@?
	
:01D2;> ;@1?@;@41;:?;850-@105:-:/5-8%@-@191:@?

@19
;:@>;8?-:0">;/10A>1?

@19
!@41>:2;>9-@5;:

@19
5?/8;?A>1$13->05:3;>153:A>5?05/@5;:?@4-@">1B1:@:?<1/@5;:?

"$&
@19	
5>1/@;>?D1/A@5B1!225/1>?-:0;><;>-@1;B1>:-:/1

@19		
D1/A@5B1;9<1:?-@5;:

@19	

%1/A>5@E!C:1>?45<;21>@-5:1:125/5-8!C:1>?-:0-:-3191:@-:0$18-@10%@;/74;801>-@@1>?

@19	
1>@-5:$18-@5;:?45-:?-/@5;:?-:05>1/@;>:01<1:01:/1

@19	
">5:/5<-8//;A:@-:@11?-:0%1>B5/1?

"$&(
@19	

D45.5@?-:05:-:/5-8%@-@191:@%/410A81

@19	
;>9	%A99->E
	
%53:-@A>1?


"$&
%<1/5-8 ;@1$13->05:3;>C->0;;75:3%@-@191:@?
.=>HG:EDGI6C9HDB:9D8JB:CIH>C8DGEDG6I:9=:G:>C7NG:;:G:C8:>C8AJ9::HI>B6I:H
EGD?:8I>DCH
HI6I:B:CIHG:A6I>C<
IDDJG7JH>C:HHEA6CH
D7?:8I>K:H
6C9:ME:8I:9DE:G6I>CCI=>CI=:B:6C>CK6I:-:8JG>I>:H&>I><6I>DC,:;DGB8ID;
-:8I>DCD;I=:-:8JG>I>:H8ID;6C9-:8I>DCD;I=:-:8JG>I>:H
M8=6C<:8ID;1:JH:LDG9HHJ8=6H6CI>8>E6I:H
7:A>:K:H
:HI>B6I:H
B6N
>CI:C9H
:ME:8IH
6C9H>B>A6G
:MEG:HH>DCHID>9:CI>;N;DGL6G9ADD@>CH8JHH>DCH8DCI6>C>C<;DGL6G9ADD@>CCI=:
B6I:G>6AH:I;DGI=JC9:GJH>C:HH
'6C6<:B:CIH>H8JHH>DC6C9C6ANH>HD; >C6C8>6ADC9>I>DC6C9,:HJAIHD;
)E:G6I>DCH
6C9>CDI=:GH:8I>DCHD;I=:G:EDGIAA;DGL6G9ADD@>CC=:G:CIANJC8:GI6>C6HI=:N6G:76H:9DC
DJG:ME:8I6I>DCH6C96HHJBEI>DCH8DC8:GC>C<;JIJG::K:CIHCNDG6AAD;DJG;DGL6G9ADD@>CCI=>HG:EDGIB6N
IJGCDJIID7:>C688JG6I:1:=6K:76H:9I=:H:;DGL6G9ADD@>CDCH6C9
EGD?:8I>DCH67DJI;JIJG::K:CIH6C9;>C6C8>6AIG:C9HI=6IL:7:A>:K:B6N6;;:8IDJG;>C6C8>6A8DC9>I>DC
G:HJAIHD;DE:G6I>DCH

7JH>C:HHHIG6I:C6C8>6AC::9H.=:NB6N7:6;;:8I:97N>C688JG6I:6HHJBEI>DCHL:B><=IB6@:DG7N@CDLCDG
JC@CDLCG>H@H6C9JC8:GI6>CI>:H
>C8AJ9>CH@H
JC8:GI6>CI>:H6C96HHJBEI>DCH9:H8G>7:9>CI=:H:8I>DC:CI>IA:9#I:B
,>H@ 68IDGH6C9:AH:L=:G:>CI=>HG:EDGI#CA><=ID;I=:H:G>H@H
JC8:GI6>CI>:H6C96HHJBEI>DCH
I=:;DGL6G9ADD@>C<:K:CIH
6C98>G8JBHI6C8:H9>H8JHH:9>CI=>HG:EDGIB6NCDID88JG6H8DCI:BEA6I:9
6C9DJG68IJ6AG:HJAIH8DJA99>;;:GB6I:G>6AAN;GDB
I=DH:6CI>8>E6I:9DG>BEA>:97NI=:;DGL6G9ADD@>CCCI=>HG:EDGI6G:B69:6HD;
I=:96I:=:G:D;
76H:9DC>C;DGB6I>DC6K6>A67A:IDJH6HD;I=:96I:=:G:D;
6C9L:6HHJB:CDD7A><6I>DCIDJE96I:6CN
;DGL6G9ADD@>CH6CCJ6AG:EDGI>C8AJ9:HL:7H>I:699G:HH:H6C9G:;:G:C8:HID699>I>DC6AB6I:G>6AH;DJC9DCI=DH:L:7H>I:H.=:H:
L:7H>I:H6C9>C;DGB6I>DC8DCI6>C:9DCDG688:HH>7A:I=GDJ<=I=:H:L:7H>I:H6G:CDI>C8DGEDG6I:97NG:;:G:C8:>CID
6C99D
CDI;DGB6E6GID;
I=>H6CCJ6AG:EDGIDG6CNDI=:GG:EDGIDG9D8JB:CIL:;>A:L>I=I=:-
6C96CNG:;:G:C8:HID6CN
L:7H>I:H6G:>CI:C9:9ID7:>C68I>K:I:MIJ6AG:;:G:C8:HDCAN
%	&$$$
1:1>-8
AJAJA:BDC6I=A:I>86>C8>HEG>C8>E6AAN69:H>HIG>7JIDG
6C9G:I6>A:GD;I:8=C>86A6I=A:I>86EE6G:A
;DDIL:6G
6C9
688:HHDG>:H1:=6K:6K>H>DCID8G:6I:IG6CH;DGB6I>K:EGD9J8IH6C9:ME:G>:C8:HI=6I7J>A9B:6C>C<;JA8DCC:8I>DCH
JCAD8@>C<
7>A>IN6C9L:AA7:>C<;DG6AA->C8:DJG>C8:EI>DC
L:=6K:;DHI:G:969>HI>C8I>K:8DGEDG6I:8JAIJG:L:EGDBDI:6
H:ID;8DG:K6AJ:H>CDJG7JH>C:HHL=>8=>C8AJ9:I6@>C7>A>IN
68I>CI=8DJG6<:
K6AJ>C<8DCC:8I>DC6C9
>C8AJH>DC
6C98=DDH>CDC6I:6C9BDI>K6I:9:BEADN::HL=D6G:9G>K:CID68=>:K:
E:GHDC6A6C9EGD;:HH>DC6A6A7N=:AE>CG7:HI
#CI=>HCCJ6A,:EDGIDC DGB%;DGI=:;>H86AN:6G:C9:9 :7GJ6GN

AJAJA:BDC6I=A:I>86>C8ID<:I=:GL>I=>IH
HJ7H>9>6G>:H>HG:;:GG:9ID6HAJAJA:BDC
I=:DBE6CN
L:
JH
DGDJG1:G:;:GIDI=:;>H86AN:6G:C9:9 :7GJ6GN

6H
I=:;>H86AN:6G:C9:9$6CJ6GN
6H)JGC:MI;>H86AN:6G:C9HDC :7GJ6GN
6C9>H
G:;:GG:9ID6H
DBEDC:CIHD;I=>H9>H8JHH>DCD;DJG7JH>C:HH>C8AJ9:
W
)JG*GD9J8IH
W
)JG'6G@:IH6C9-:C<
W
*GD9J8I:H>C<6C9'6CJ;68IJG>C<
W
>HIG>7JI>DC 68>A>I>:H
W
DBE:I>I>DC
W
-:6HDC6A>IN
W
"JB6C6E>I6A
W
#CI:AA:8IJ6A*GDE:GIN
W
-:8JG>I>:H6C9M8=6C<:DBB>HH>DC >A>C">;0A/@?
1:D;;:G68DBEG:=:CH>K:A>C:D;I:8=C>86A6I=A:I>86EE6G:A
;DDIL:6G
6C9688:HHDG>:HB6G@:I:9JC9:GI=:AJAJA:BDC
7G6C9)JG6EE6G:A6HHDGIB:CI>C8AJ9:H>I:BHHJ8=6HE6CIH
H=DGIH
IDEH
6C9?68@:IH9:H>;:HINA:>C8AJ9>C<


6I=A:I>868I>K>I>:HHJ8=6HND<6
GJCC>C<
IG6>C>C<
6C9BDHIDI=:G68I>K>I>:H1:6AHDD;;:G6EE6G:A9:H>CIC:HH>CHE>G:9688:HHDG>:H1::ME:8IID8DCI>CJ:ID7GD69:CDJGB:G8=6C9>H:D;;:G>CDC68GDHH
I=:H:EGD9J8I6G:6H
)JG9:H>CJ:HIDHDJG8:I:8=C>86AAN69K6C8:9;67G>8H
L>I=C:L;::A6C9;>I
6C98G6;I
>CCDK6I>K:;JC8I>DC6A;:6IJG:H;DGDJGEGD9J8IH.=GDJ<=DJGK:GI>86AG:I6>AHIG6I:G:8I8DCC:8I>DCL>I=DJG8JHIDB:GH

L=DBL:G:;:GID6HC8DGEDG6I:JC>FJ:E:G;DGB6C8:6C9;6H=>DCC::9H>CIDDJG
9:H>HL6N
L:7:A>:K:L:6G:7:II:GEDH>I>DC:9ID699G:HHI=:C::9HD;DJGCC:H6C99>;;:G:CI>6I:JH;GDBDJG8DBE:I>IDGH
JG>C<
DJGLDB:CHG6C<:G:EG:H:CI:9D;C:IG:K:CJ:6C9DJGB:CHG6C<:G:EG:H:CI:9D;C:I
G:K:CJ:)JG8DBEG:=:CH>K:B:CHA>C:>H6@:NE>AA6GD;DJGHIG6I:<>8:K:C:IG:K:CJ:;GDBDJGB:CH
G6C<:>HC<6HBDG:H8DK:GI=:I:8=C>86AG>JBFJ6A>IND;DJGB:CHEGD9J8IH
6C96G:6IIG68I:97N
DJG9>HI>C8I>K:7G6C9
1:8DCI>CJ:ID>CCDK6I:6C9>CIGD9J8:C:LEGD9J8IH;DGDJGH>C8AJ9:H>CIGD9J8>C:H
6C9:ME6C9>C:H6HHDGIB:CI1:7:A>:K:I=>H>H6CDI=:GL6N>CL=>8=L:86C6IIG68IC:L:C8:DJGEGD9J8IH(:IG:K:CJ:;GDBDJGDI=:GEGD9J8I86I::HG:EG:H:CI:9D;C:IG:K:CJ:>C
!A>->71@?-:0%1391:@?
1:DE:G6I:>CDK:G8DJCIG>:H6GDJC9I=:LDGA96C9DG<6C>O:DJGDE:G6I>DCH>CID;DJGG:<>DC6AB6G@:IHB:G>86H

=>C6'6>CA6C9
H>6*68>;>8*
6C9JGDE:6C9I=:'>99A:6HI'
1:G:EDGII=G::H:86H
=>C6'6>CA6C9
6C9,:HID;1DGA9
L=>8=>H8DBEG>H:9D;I=:*6C9'
G:<>DCHDC68DB7>C:976H>H


 1@$1B1:A1
B:G>86H

=>C6
'6>CA6C9

,:HID;
1DGA9



 1@$1B1:A1
B:G>86H

=>C6
'6>CA6C9

,:HID;
1DGA9

1:DE:G6I:6CDBC>8=6CC:AG:I6>ABD9:A6C96>BID:;;>8>:CIAN6C9:;;:8I>K:ANH:GK:DJGCI=:L6NHBDHI
8DCK:C>:CIIDI=:B1:8DCI>CJ:ID:KDAK:6C9>CI:<>I6A6C9E=NH>86A8=6CC:AH>CDG9:GID:CG>8=DJG>CI:G68I>DCH
L>I=DJG9:6H:6BA:HHDBC>8=6CC:A:ME:G>:C8:1:=6K:>CK:HI:9>CI:8=CDAD<>:HL=>8=:C67A:DJG
DBC>8=6CC:AG:I6>A>CA>I>:H9>;;:G7NB6G@:I6C9>C8AJ9:
W
04+*(&*",& '0,&*./+-"6DJGL:7H>I:DG9><>I6A6EE6C9I=:C8DAA:8II=6I
EGD9J8I;GDB6G:I6>AAD86I>DC
W
 ' '-++)DJGHIDG::9J86IDGH86C688:HH>CK:CIDGNAD86I:96IDJGDI=:GAD86I>DCH6C9=6K:EGD9J8IH=>EE:9
9>G:8IANID6AA:8DBB:G8:DG9:GH7N688:HH>C<>CK:CIDGN6I7DI=DJG9>HIG>7JI>DC8:CI:GH6C9
6IDJGG:I6>AAD86I>DCH
:ME6C9>C7A:>CK:CIDGN
W
"/0-*.,-+ "..&*$R:8DBB:G8:I=:GDCA>C:DG>CHIDG:6C9
W
*"&*1"*/+-4,++(RL:6G:67A:IDK>:L6C96AAD86I:I=:EGD9J8I=:A96IDJG9>HIG>7JI>DC8:CI:GHID:>I=:GDJG
E=NH>86AG:I6>AAD86I>DCH
DGB6@:>I6K6>A67A:ID;JA;>AADCA>C:9:B6C9


1:DE:G6I:68DB7>C6I>DCD;E=NH>86AG:I6>AAD86I>DCH6C9:8DBB:G8:H:GK>8:HK>6DJGL:7H>I:H
DI=:GG:<>DCHE:8>;>8
L:7H>I:H
9><>I6AB6G@:IEA68:H
6C9BD7>A:6EEH)JGE=NH>86AG:I6>AAD86I>DCHG:B6>C6@:NE6GID;DJG:LI=:B6H6K6AJ67A:IDDA>C=:AE>CA9DJG7G6C96C9EGD9J8IA>C:6HL:AA6H:C67A>C8=6CC:A86E67>A>I>:H
1:EA6CID8DCI>CJ:ID:ME6C9HFJ6G:;DDI6<:6C9DE:CC:L8DBE6CNDE:G6I:9HIDG:HIDHJEEDGIDJGK:H
7/<3-+=
1:=6K:DE:G6I:9>CI=:B:G>86H;DGDK:GN:6GH1:DE:C:9DJG;>GHI:K:GHIDG:>C06C8DJK:G
6C696>C#C

I=:C:IG:K:CJ:L:<:C:G6I:9>CI=:B:G>86HG:EG:H:CI:9D;DJGIDI6AC:IG:K:CJ:






*/%+0.*!.
(:IG:K:CJ:
 


 


(:IG:K:CJ:DCH>CI=:B:G>86H6G:8DG:IDDJG7JH>C:HH6C9L:6>BID8DCI>CJ:IDCI=>HB6G@:I
I=GDJ<=DCCCCDK6I>DC6C97N7J>A9>C<7G6C96L6G:C:HH1:6AHDEA6CID8DCI>CJ:ID>CK:HI>CDJGDBC>8=6CC:A
86E67>A>I>:H
IDDE:CC:LG:I6>AAD86I>DCH
6C9IDG:AD86I:
DEI>B>O:
6C9G:CDK6I:DJG:M>HI>CDCH6HC::9:9
1:<:C:G6I:C:IG:K:CJ:>CI=:B:G>86HI=GDJ<=DJGAJAJA:BDC7G6C9:9G:I6>AAD86I>DCHL=>8=>C8AJ9:9>;;:G:CIH>O:H
D;8DBE6CNDE:G6I:9HIDG:H
DJIA:IH
EDEJEH
6C9DI=:GI:BEDG6GNAD86I>DCH1:6AHDH:GK:DJG6DJG:8DBB:G8:
L:7H>I:LLLAJAJA:BDC8DB
DJGBD7>A:6EE
DJGU&>@:(:LVG:8DBB:G8:EGDCL=DA:H6A:
6GG6C<:B:CIH>C8AJ9>CK:GH>IN86BEJHG:I6>A:GH6C9DI=:GDG<6C>O6I>DCHI=6IL:E6GIC:GL>I=IDH:AA8D7G6C9:9AJAJA:BDC
EGD9J8IH6HL:AA6HI=GDJ<=L=DA:H6A:6GG6C<:B:CIHL>I=ND<66C9;>IC:HHHIJ9>DH6C9DI=:GH:A:8IE6GIC:GH
)C-:EI:B7:G

L:68FJ>G:9I=:AJAJA:BDC7G6C9:9G:I6>AAD86I>DCH6C9DE:G6I>DCHGJC7N6I=>G9E6GIN>C
':M>8D1:=69EG:K>DJHANG9E6GINI=:G><=IIDDE:G6I:G:I6>AAD86I>DCH6C9IDH:AAAJAJA:BDCEGD9J8IH>C
':M>8D
238++386+8.
1:DE:C:9DJG;>GHIHIDG:>C=>C6'6>CA6C9>C;>H86A#C
I=:C:IG:K:CJ:L:<:C:G6I:9>C=>C6'6>CA6C9
G:EG:H:CI:9D;DJGIDI6AC:IG:K:CJ:






*/%+0.*!.
(:IG:K:CJ:
 





(:IG:K:CJ::C8:9H>;>86CIC:IG:K:CJ:C=>C6'6>CA6C96C97:A>:K:I=6I6HL:8DCI>CJ:ID:ME6C9DJG
DE:G6I>DCH6C97J>A9DJG7G6C96L6G:C:HH
C:IG:K:CJ:L>AA8DCI>CJ:ID>C8G:6H:>CI=>HB6G@:I1:7:A>:K:=>C6'6>CA6C9
C:IG:K:CJ:AA9G>K:6C>C8G:6H:>CDJGDK:G6AA>CI:GC6I>DC6AC:IG:K:CJ:1:EA6CID8DCI>CJ:ID>CK:HI>C=>C6
'6>CA6C96C9:ME:8II=6II=:B6?DG>IND;DJG8DBE6CNDE:G6I:9HIDG:DE:C>CCL>AA7:>CI=>HB6G@:I
1:DE:G6I:AJAJA:BDC7G6C9:9G:I6>AAD86I>DCH>C=>C6'6>CA6C9>C6K6G>:IND;9>;;:G:CI;DGB6IH>C8AJ9>C<9>;;:G:CI
H>O:HD;8DBE6CNDE:G6I:9HIDG:H
DJIA:IH
EDEJEH
6C9DI=:GI:BEDG6GNAD86I>DCH1:6AHDH:GK:DJG6DJG1:=6I
HIDG:6C9DCI=>G9E6GINB6G@:IEA68:HHJ8=6H.'6AA6C9$8DB


#/=>90(9<6.
#C
I=:C:IG:K:CJ:L:<:C:G6I:9>C*6C9'G:EG:H:CI:9D;DJGIDI6AC:IG:K:CJ:






*/%+0.*!.
(:IG:K:CJ:
 


 


(:IG:K:CJ::C8:9H>;>86CIC:IG:K:CJ:C*6C9'6C9>CI:C9ID8DCI>CJ:ID>CK:HI>CI=:H:
B6G@:IHID7J>A97G6C96L6G:C:HH1=:G:L:>9:CI>;NI>:H
L:EA6CIDDE:CC:LG:I6>AAD86I>DCH
>C8AJ9>C<>C
C:LB6G@:IH68GDHHI=:'6C9*G:<>DCH
1:DE:G6I:AJAJA:BDC7G6C9:9G:I6>AAD86I>DCH>CI=:H:B6G@:IH>C6K6G>:IND;9>;;:G:CI;DGB6IH>C8AJ9>C<9>;;:G:CIH>O:H
D;8DBE6CNDE:G6I:9HIDG:H
DJIA:IH
EDEJEH
6C9HIDG:HDE:G6I:97NI=>G9E6GI>:HJC9:GA>8:CH:6C9HJEEAN6GG6C<:B:CIH
1:6AHDH:GK:DJG6DJG8DJCIGNHE:8>;>8L:7H>I:H
DJGBD7>A:6EE
6C9I=GDJ<=I=>G9E6GING:<>DC6AB6G@:IEA68:H

HJ8=6H46A6C9D
&6O696
6C9--!
 ?<$/663812+88/6=
1:8DC9J8IDJG7JH>C:HHI=GDJ<=6CJB7:GD;9>;;:G:CI8=6CC:AH>C:68=B6G@:I
+),*4+,"-/"!./+-".#C699>I>DCIDH:GK>C<6H6K:CJ:IDH:AADJGEGD9J8IH
DJGHIDG:H<>K:JH69>G:8I8DCC:8I>DC
IDDJG8=L:K>:L6H6K6AJ67A:IDDA>C=:AE>CA9DJG7G6C96C9EGD9J8IA>C:H6HL:AA6H:C67A>C
8=6CC:A86E67>A>I>:H)JGG:I6>AHIDG:H6G:AD86I:9EG>B6G>ANDCHIG::IAD86I>DCH
>CA>;:HINA:8:CI:GH
6C9>CB6AAH)JGH6A:HE:G
HFJ6G:;DDIL6H
6C9
;DG6C9
G:HE:8I>K:AN
/C>I:9-I6I:H

 

6C696

 

':M>8D

 
S
B:G>86H

 

=>C6'6>CA6C9

 

JHIG6A>6

 

-DJI=%DG:6

 

"DC<%DC<-,

 

$6E6C

 

(:L4:6A6C9

 

.6>L6C

 

->C<6EDG:

 

'6A6NH>6

 

.=6>A6C9

 

'686J-,

 

*

 

 A9.1>;2/;9<-:E;<1>-@10?@;>1?.E9->71@
1.>A->E




-:A->E






/C>I:9%>C<9DB

 

!:GB6CN

 

 G6C8:

 

#G:A6C9

 

-E6>C

 

(:I=:GA6C9H

 

-L:9:C

 

(DGL6N

 

-L>IO:GA6C9

 

'

 

.DI6A8DBE6CNDE:G6I:9HIDG:H

 

 A9.1>;2/;9<-:E;<1>-@10?@;>1?.E9->71@
1.>A->E




-:A->E




 +))"- "1:7:A>:K::8DBB:G8:>H8DCK:C>:CI;DGDJGC
B6G@:IH7:NDC9L=:G:DJGE=NH>86AG:I6>AAD86I>DCH6G:76H:91:7:A>:K:I=>H8=6CC:A>H:;;:8I>K:>C7J>A9>C<7G6C9
6L6G:C:HH
:HE:8>6AAN>CC:LB6G@:IH1:H:GK:DJG6DJG:8DBB:G8:L:7H>I:H
DI=:G8DJCIGN6C9G:<>DCHE:8>;>8
L:7H>I:H
9><>I6AB6G@:IEA68:H
6C9BD7>A:6EEH8DBB:G8:C:IG:K:CJ:>C8AJ9:HDJG7JNDCA>C:E>8@JE>CHIDG:
768@768@
GDDB
6C9H=>E;GDBHIDG:DBC>8=6CC:AG:I6>A>C<86E67>A>I>:H
/%"- %**"(.1:6AHDJH:8:GI6>CDI=:G9>HIG>7JI>DC8=6CC:AH
<:C:G6AANL>I=I=:A9>C<7G6C96L6G:C:HH
6C9EGDK>9>C<7GD69:G688:HHIDDJGEGD9J8IH.=:H:DI=:G8=6CC:AH>C8AJ9:
W
"),+--4(+ /&+*.)JGH:6HDC6AHIDG:H6C9EDEJEH6G:INE>86AANDE:C:9;DG6H=DGIE:G>D9D;I>B::C67A>CCCD9H>CB6G@:IHL=:G:L:9DCDIDG9>C6G>AN=6K:6E=NH>86AAD86I>DC
DGID
:ME6C9688:HH>CB6G@:IHL=:G:L:H::=><=9:B6C96IDJG:M>HI>CDCH
W
%+(".("1:H:AAIDE6GIC:GHI=6ID;;:G8DCK:C>:CI688:HH;DG7DI=8DG:6C9C:LC8AJ9>CK:GH>IN
86BEJHG:I6>A:GH6C9DI=:GDG<6C>O6I>DCHI=6IL:E6GIC:GL>I=IDH:AA8D7G6C9:9AJAJA:BDCEGD9J8IH1:6AHDH:AAID
ND<66C9;>IC:HHHIJ9>DH6C9DI=:GH:A:8IE6GIC:GH
6
0/("/.1:JI>A>O:DJIA:IHIDH:AAHADL:GBDK>C<>CK:CIDGN6C9>CK:CIDGN;GDBEG>DGH:6HDCH6I9>H8DJCI:9EG>8:HH
D; :7GJ6GN

L:DE:G6I:9DJIA:IH
I=:B6?DG>IND;L=>8=L:G:>CI=:B:G>86H
W
&'""2)JGG:8DBB:G8:EGDG<:CIANJH:9AJAJA:BDCEGD9J8IH;DG
B:G8=6C9>H:8G:9>I.=DH:EGD9J8IH6G:I=:CK:G>;>:96C9FJ6A>IN8=:8@:97:;DG:7:>CC:6I
A>@:C:LAJAJA:BDC8DB1:7:A>:K:I=>HEGDH6HI:EIDL6G9H68>G8JA6G:8DHNHI:B6C9=:AEHG:9J8:DJG
:CK>GDCB:CI6A;DDIEG>CI
W
& "*."*!.0,,(4--*$")"*/.1::CI:G>CIDA>8:CH:6C9HJEEAN6GG6C<:B:CIHL=:CL:7:A>:K:>IL>AA7:IDDJG
69K6CI6<:IDE6GIC:GL>I=I=>G9E6GI>:HL>I=H>;>86CI:ME:G>:C8:6C9EGDK:CHJ88:HH>C8:GI6>CI6G<:IB6G@:IH
/C9:GI=:H:6GG6C<:B:CIHL:=6K:CI=>G9E6GI>:HI=:G><=IIDDE:G6I:AJAJA:BDC7G6C9:9G:I6>A
AD86I>DCH6C9IDH:AAAJAJA:BDCEGD9J8IHDCL:7H>I:H>CHE:8>;>88DJCIG>:H)C-:EI:B7:G

L:68FJ>G:9I=:
AJAJA:BDC7G6C9:9G:I6>AAD86I>DCH6C9DE:G6I>DCHGJC7N6I=>G9E6GIN>C':M>8D1:=69EG:K>DJHANG9E6GINI=:G><=IIDDE:G6I:G:I6>AAD86I>DCH6C9IDH:AAAJAJA:BDCEGD9J8IH>C':M>8D


 A9.1>;2>1@-588;/-@5;:?;<1>-@10.E@45>0<->@51?.E9->71@
1.>A->E




-:A->E




':M>8D

S 

/C>I:9G67B>G6I:H

 

-6J9>G67>6

 

#HG6:A

 

%JL6>I

 

+6I6G

 

6=G6>C

 

.DI6AAD86I>DCHDE:G6I:97NI=>G9E6GI>:HJC9:GA>8:CH:6C9HJEEAN6GG6C<:B:CIH

 

:@13>-@10->71@5:3
1:7:A>:K:I=6IDJG7G6C96L6G:C:HH>HG:A6I>K:ANADL
:HE:8>6AANDJIH>9:D;I=:B:G>86H
6C96AHDL>I=B:C.=>H
G:EG:H:CIH6CDEEDGIJC>IN;DGJH6C9L:=6K:9:H>;68:I:9HIG6I:IN
6C9:ME:G>:C8:H.=>HHIG6I:H9:H>98=6CC:AH
DJG6B76HH69DG
C:ILDG@
:K:CIH
6C98DCI:CIRID9G>K:6L6G:C:HH
8DCH>9:G6I>DC
:C<6<:B:CI
8DCK:GH>DC
6C9JAI>B6I:ANADN6AIN6C9
:C<6<:B:CI6II=:DC6A
6C9AD86AA:K:AH
">;0A/@1?53:-:01B18;<91:@
)JGEGD9J8I9:H>:CI>HIH
:C<>C::GH
6C99:H>H8DBEG>H:9D;6I=A:I:H6C9JH:GHD;DJGEGD9J8IHL=D:B7D9NDJG9:H>ADHDE=N6C99:9>86I>DCIDEG:B>JB
FJ6A>IN)JG9:H>9:CI>;>:HIG:C9H76H:9DCB6G@:I>CI:AA><:C8:6C9G:H:6G8=
EGD68I>K:ANH::@HI=:
>CEJID;DJGCHE>G6I>DC8DCH>HI:CIL>I=DJGDC
HINA:
6C9
I:8=C>86AHJE:G>DG>IN
HL:HIG>K:ID8DCI>CJ:IDEGDK>9:DJGI=I:8=C>86AAN69K6C8:9;67G>8H
DJGI:6BLDG@H8ADH:ANL>I=DJG
HJEEA>:GHID>C8DGEDG6I:I=:A6I:HI>CI:8=C>86A>CCDK6I>DC
7G>C<>C8JA6GHE:8>;>86I>DCHIDDJGEGD9J8IH1:E6GIC:GL>I=
>C9:E:C9:CI>CHE:8I>DC
K:G>;>86I>DC
6C9I:HI>C<8DBE6C>:H
L=D8DC9J8I6K6G>:IND;I:HIHDCDJG;67G>8H
I:HI>C<
E:G;DGB6C8:8=6G68I:G>HI>8H>C8AJ9>CAA>C<
H=G>C@6<:
67G6H>DCG:H>HI6C8:
6C98DADG;6HIC:HH1:9:K:ADEEGDEG>:I6GN
;67G>8H6C98DAA67DG6I:L>I=A:69>C<;67G>86C9IG>BHHJEEA>:GHIDB6CJ;68IJG:;67G>8H6C9IG>BHI=6IL:<:C:G6AANH::@ID
EGDI:8II=GDJ<=6/5:3-:0-:A2-/@A>5:3
1:9DCDIDLCDGDE:G6I:6CNB6CJ;68IJG>C<;68>A>I>:H1:G:ANDC6A>B>I:9CJB7:GD;HJEEA>:GHIDEGDK>9:;67G>8H;DG

6C9IDEGD9J8:
DJGEGD9J8IH.=:;DAADL>CHI>8H6G:76H:9DC8DHI
1:LDG@L>I=6B6I:ANK:C9DGHI=6IB6CJ;68IJG:DJGEGD9J8IH
;>K:D;L=>8=EGD9J8:9D;DJG
EGD9J8IH>C
L>I=I=:A6G<:HIB6CJ;68IJG:GEGD9J8>C<JG>C<
D;DJGEGD9J8IHL:G:B6CJ;68IJG:9>C
0>:IC6B
>C6B7D9>6
>C-G>&6C@6
>C#C9DC:H>6
6C9>C6CC9:G>CDI=:GG:<>DCH
1:LDG@L>I=6B6I:ANHJEEA>:GHIDEGDK>9:I=:;67G>8H;DGDJGEGD9J8IH#C
D;DJG;67G>8H
L:G:EGD9J8:97NDJGIDE;>K:;67G>8HJEEA>:GH
L>I=I=:A6G<:HIB6CJ;68IJG:GEGD9J8>C<JG>C<
D;DJG;67G>8H
DG><>C6I:9;GDB.6>L6C
;GDB=>C6'6>CA6C9
6C9;GDB-DJI=%DG:6
6C9I=:G:B6>C9:G;GDBDI=:GG:<>DCH
1:6AHDHDJG8:DI=:GG6LB6I:G>6AHL=>8=6G:JH:9>CDJGEGD9J8IH
>C8AJ9>C<>I:BHHJ8=6H8DCI:CIA67:AH
:A6HI>8H

7JIIDCH
8A6HEH
6C99G6L8DG9H;GDBHJEEA>:GHAD86I:9EG:9DB>C6CIAN>C*6C9=>C6'6>CA6C9
1:=6K:9:K:ADE:9ADC<HI6C9>CDCH=>EHL>I=6CJB7:GD;DJGK:C9DGH6C9I6@:86G:ID:CHJG:I=6II=:NH=6G:
DJG8DBB>IB:CIIDFJ6A>IN6C9:I=>8H1:9DCDI
=DL:K:G
=6K:6CNADC<I:GB8DCIG68IHL>I=I=:B6?DG>IND;DJGHJEEA>:GH
DGB6CJ;68IJG>CDC6C9HJEEAND;DJG;67G>8H6C9<6GB:CIH
6C9L:8DBE:I:L>I=DI=:G8DBE6C>:H
;DG;67G>8H
G6LB6I:G>6AH
6C9EGD9J8I>DC)JGEGD9J8IFJ6A>IN6C9HJHI6>C67>A>INI:6BH8ADH:AN6HH:HH6C9BDC>IDG:68=
HJEEA>:GH8DBEA>6C8:L>I=6EEA>867A:A6LH6C9DJG0:C9DGD9:D;I=>8H
>C8AJ9>C<7NE6GIC:G>CI=A:69>C<>CHE:8I>DC6C9
K:G>;>86I>DC;>GBH


5?@>5.A@5;:-/585@51?
1:DE:G6I:6C99>HIG>7JI:;>C>H=:9EGD9J8IH;GDBDJG9>HIG>7JI>DC;68>A>I>:H>CI=:/C>I:9-I6I:H
6C696
6C9JHIG6A>6
1:DLCDJG9>HIG>7JI>DC8:CI:G>C!GDK:EDGI
)=>D
6C9A:6H:DJGDI=:G9>HIG>7JI>DC;68>A>I>:H1:6AHDJI>A>O:I=>G9E6GIN
AD<>HI>8HEGDK>9:GH>C6CJB7:GD;8DJCIG>:H>CL=>8=L:DE:G6I:IDL6G:=DJH:6C99>HIG>7JI:;>C>H=:9EGD9J8IH;GDBI=:>G
L6G:=DJH:AD86I>DCH1:G:HIG>7JI>DC>C;G6HIGJ8IJG:6C98DCHDA>96I:DG:ME6C9DJG9>HIG>7JI>DC
86E68>IN6HL:7:A>:K:6EEGDEG>6I:;DGDJGDE:G6I>DCH6C9IDB::I6CI>8>E6I:9C::9H
;9<1@5@5;:
DBE:I>I>DC>CI=:6I=A:I>86EE6G:A>C9JHIGN>H76H:9EG>C8>E6AANDC7G6C9>B6<:6C9G:8DI>DC6HL:AA6HEGD9J8I
FJ6A>IN
>CCDK6I>DC
HINA:
9>HIG>7JI>DC
6C9EG>8:1:7:A>:K:L:HJ88:HH;JAAN8DBE:I:DCI=:76H>HD;DJGEG:B>JB7G6C9
>B6<:6C9DJGI:8=C>86AEGD9J8I>CCDK6I>DC1:6AHD7:A>:K:DJG67>A>INID>CIGD9J8:C:LEGD9J8I>CCDK6I>DCH
8DB7>C:
;JC8I>DC6C9;6H=>DC
6C98DCC:8II=GDJ<=>CHIDG:
DCA>C:
6C98DBBJC>IN:ME:G>:C8:HH:IHJH6E6GI;GDBDJG8DBE:I>I>DC#C
699>I>DC
L:7:A>:K:DJGK:GI>86AG:I6>A9>HIG>7JI>DCHIG6I:IN76H:9B6G@:I>C<9>;;:G:CI>6I:HJH;JGI=:G

6AADL>CK:AN8DCIGDADJG7G6C9>B6<:6C98DCC:8IL>I=DJG86EE6G:A>H=><=AN8DBE:I>I>K:#I>C8AJ9:H>C8G:6H>C<8DBE:I>I>DC;GDB:HI67A>H=:98DBE6C>:H
I=6I6G::ME6C9>CGEGD9J8I>DC6C9B6G@:I>CC9>G:8I8DBE:I>I>DCL>I=DC6A6C98DJCIGNHE:8>;>8L=DA:H6A:GH6C99>G:8IH:AA:GHD;
6I=A:I>86EE6G:A6C9;DDIL:6G
%1-?;:-85@E
)JG7JH>C:HH>H6;;:8I:97NI=:<:C:G6AH:6HDC6AIG:C9H8DBBDCIDI=:G:I6>A6EE6G:A>C9JHIGN)JG6CCJ6AC:IG:K:CJ:
>HINE>86AANL:><=I:9BDG:=:6K>ANIDL6G9DJG;DJGI=;>H86AFJ6GI:G
G:;A:8I>CHIDG>86AHIG:CCH6A:H9JG>C96N
H:6HDC>CI=:B:G>86H
L=>A:DJGDE:G6I>C<:ME:CH:H6G:<:C:G6AANBDG::FJ6AAN9>HIG>7JI:9I=GDJ<=DJII=:N:6GH6G:HJAI

6HJ7HI6CI>6AEDGI>DCD;DJGDE:G6I>CIH6G:INE>86AAN<:C:G6I:9>CI=:;DJGI=FJ6GI:GD;DJG;>H86AN:6G DG:M6BEA:
L:
<:C:G6I:96EEGDM>B6I:AND;DJG;JAAN:6GDE:G6I>CI9JG>C6A6C9:CK>GDCB:CI6AAA6GH:"JB6C
:1:AA

6C9:*A6C:I:I6>AH86C7:;DJC9>CDJG#BE68I,:EDGIDCDJGL:7H>I:#C8AJ9:9L>I=>CDJG#BE68I<:C96>H6CK:HI
6IDI6AD;B>AA>DCID69K6C8::FJ>IN>CL:AA7:>C<7NI=::C9D;HD; :7GJ6GN

L:=6K:>CK:HI:96IDI6AD;
B>AA>DCIDL6G9HI=>HAA6GD;DJG#BE68I<:C96H:IHDJIDJG;D8JH6G:6HL>I=G:HE:8IID=JB6C86E>I6A
>C8AJ9>C<>C8AJH>DC
;DG6AA
:BEADN:::BEDL:GB:CI
6C9;6>GA67DGEG68I>8:H6C9I=:L:AA7:>CII:9ID;DHI:G>C<6C:CK>GDCB:CIL=:G::K:GN>C9>K>9J6A;::AHK6AJ:96C9>C8AJ9:9
G:8DO>CK:GH:E:GHE:8I>K:H9G>K:>CCDK6I>DC6C9:CG>8=DJGLDG@EA68:
1:6G:EGDJ9I=6I6HD; :7GJ6GN

6EEGDM>B6I:AND;DJG7D6G9D;9>G:8IDGH
D;DJGH:C>DG:M:8JI>K:
A:69:GH=>EI:6B
6C9D;DJGK>8:EG:H>9:CIH6C967DK:6G:LDB:C
L=>A:6EEGDM>B6I:AND;DJGDK:G6AALDG@;DG8:6G:
LDB:C
JG>C<
L:>BEA:B:CI:96CDCC<;::9768@6EEGD68=ID<6>C>CH><=IH>CIDDJGLDG@;DG8:8DBEDH>I>DC6C9
<6I=:GB:6HJG67A:96I6DC:BEADN::H;::A>CC8AJH>DC
6C97:ADC<>C<)JGEG>B6GND7?:8I>K:>HID8JAI>K6I:
6LDG@;DG8:>CHE>G:96C9>C;DGB:97NI=:9>K:GH>IND;I=:8DBBJC>I>:HL:H:GK:6C9L=:G:L:DE:G6I:
1:HIG>K:IDB6>CI6>C:FJ>I67A:E6N
7N<:DDCH1:=6K:
68=>:K:9;JAAE6N:FJ>IN68GDHHK6G>DJH9:BD8H>CG:<>DCHL=:G:L:6C6ANO:I=>H96I6
1:D;;:G6AA:BEADN::H:9J86I>DC
IG6>C>C<
6C9;68>A>I6I:99>H8JHH>DCHDCIDE>8HHJ8=6HEG:K:CI>C<7>6H
:CHJG>C<:FJ6A
DEEDGIJC>IN
6C9;DHI:G>C<>C8AJH>K:A:69:GH=>E7:=6K>DGH1:H::HIGDC<:C<6<:B:CI>C>C8AJH>DC;D8JH:9:9J86I>DC6C9

1:=6K:8DCIG>7JI:9B>AA>DCIDAJAJA:BDCH:CIG:;DG-D8>6A#BE68I
B>AA>DCD;L=>8==6H7::C8DCIG>7JI:99>G:8IANIDHD8>6A>BE68I
DG<6C>O6I>DCH.=:G:B6>C>C<B>AA>DCEG>B6G>AN8DCH>HIHD;8DCIG>7JI>DCHIDL6G969DCDG69K>H:9;JC9;DG;JIJG:C<

IG6>C>C<68GDHHDJGK:ID;DHI:G68JAIJG:L=:G:>C8AJH>DC>HE6GID;:K:GN96N8DCK:GH6I>DCH6C9
G::LDJGEDA>8>:H
EGD8:HIDIGNID:CHJG:I=:NHJEEDGI6BDG:>C8AJH>K:6C9;6>GLDG@EA68:
7:69C//7:9A/<7/8>
1:7:A>:K:DJGE:DEA:6G:@:NIDI=:HJ88:HHD;DJG7JH>C:HHHD; :7GJ6GN

L::BEADN:96EEGDM>B6I:AN

E:DEA:LDGA9L>9:1:HIG>K:ID;DHI:G69>HI>C8I>K:8JAIJG:GDDI:9>CDJG8DG:K6AJ:HI=6I6IIG68IH6C9G:I6>CH
E6HH>DC6I:6C9BDI>K6I:9:BEADN::HL=D6G:9G>K:CID68=>:K:E:GHDC6A6C9EGD;:HH>DC6A:K:DJGE:DEA:
HJ88::97:86JH:L:8G:6I:6C:CK>GDCB:CII=6I;DHI:GH9:HDEEDGIJC>I>:H;DG6AA


9<8;E11?.E$135;:
/C>I:9
-I6I:H
6C696
=>C6
'6>CA6C9

)I=:G
<:D8
6G:6H


9<8;E11?.E$135;:
/C>I:9
-I6I:H
6C696
=>C6
'6>CA6C9

)I=:G
<:D8
6G:6H
1:JC9:GHI6C9I=6I=:6AI=6C9L:6AI=EGD8:6I6AAHI6<:HD;A>;:)JG8JGG:CID;;:G>CCC8AJH>K:A:69:GH
6C9L:G:C;DGBDEEDGIJC>I>:HIDHJEEDGII=>HCC8AJ9:
6BDCCI>K:8DBE:CH6I>DCL=>8=G:L6G9H:M8:EI>DC6AE:G;DGB6C8:
W
 JC9NDJG JIJG:EGD<>7A::BEADN::HL=>8=D;;:GHE6GI>6A8DCIG>7JI>DCB6I8=:HID6E:CH>DCEA6C6C9
:BEADN::H=6G:EJG8=6H:EA6C
W
C6CCJ6AE6>90&/-0DAJCI::G
L6G:C:HH
&>;:
/C>IN
BEDL:GB:CI
-JEEDGI6N
8DBE:I>I>K:E6>9I>B:D;;

6C9H>8@A:6K:
W
C:BEADN::9>H8DJCIEGD8=>C8AJ9:H6A>;:I>B:9>H8DJCIID8:A:7G6I:I=:8DCIG>7JI>DCD;DJGADC<I:CJG:9
:BEADN::HID@::EI=:BL>I=>CDJG8DAA:8I>K:
:K:CL=:CI=:N=6K:BDK:9DCIDEJGHJ:9:D;AJAJA:BDC
W
,:>B7JGH:B:CIEGD8=G:L6G9E=NH>86A68I>K>IN
W
E6G:CI=DD9EGD9:H6AA:A><>7A::BEADN::HJEIDH>MBDCI=HD;E6>9A:6K:
W
C:BEADN::6HH>HI6C8:EGD8=EGDK>9:H;G::8DC;>9:CI>6AHJEEDGIID6AADJG:BEADN::H6C9I=:>G;6B>A>:H>C6
K6G>:IND;6G:6H;GDBB:CI6AL:AA7:>CC6C8>6AH:GK>8:HID69K>8:;DGC:LE6G:CIH6C9
W
.G6>C>C<6C99:K:ADEB:CID;6AAD;DJG:BEADN::H>C8AJ9>C<
7JICDIA>B>I:9ID
B:CIDGH=>EEGDCI:GCH=>EH
A:69:GH=>E9:K:ADEB:CI
K>H>DC6C9C<
+3<+,93-/=+8.>2/(/66/38190>2/!/9:6/A29+5/9?=
1:LDG@L>I=HJEEA>:GHL=DL:7:A>:K:H=6G:DJGK6AJ:H6C98DAA67DG6I:L>I=JHIDJE=DA9GD7JHIHI6C96G9H
699G:HH
HNHI:B>88=6AA:C<:H
6C9HJEEDGII=:L:AA7:>C7A:-JEEAN=6>CEGDH
7J>AIDCI=G::E>AA6GH
W
+*&/+-&*$HH:HH>C<6C9
>C8DAA67DG6I>DCL>I=HJEEA>:GH
>BEGDK>CC<8DC9>I>DCH>C;68>A>I>:H
W
*/"$-/&+*#CI:C7A:EJG8=6H>C8:H68GDHH@:NAJAJA:BDCHIG6I:<>:H
EGD8:HH:H
6C9IDDAH
W
+((+-/&+*1DG@>CI=BJAI>HI6@:=DA9:GDG<6C>O6I>DCH
>C9JHIGN
HJEEA>:GH
6C97G6C9HIDHJEEDGIHNHI:B>8
8=6C<:6C9>BE68I


)JG0:C9DGD9:D;I=>8HDJIA>C:HDJG8DBB>IB:CIIDG:HE:8I=JB6C6C9A67DGG><=IH
6C9EGDBDI:H6;:6C9;6>G
LDG@>C<8DC9>I>DCH;DGE:DEA:>CDJGHJEEAN8=6>C.=:8D9:
L=>8=>H76H:9DC>CI:GC6I>DC6AHI6C96G9H
H:IHI=:B>C>BJB
HI6C96G9H;DGDJGHJEEA>:GE6GIC:GH6C9>H68DBEDC:CID;DJGHJEEA>:G6C9B6CJ;68IJG:G6C>H=:98HJEEA>:GH6G:6HH:HH:96<6>CHII=:0:C9DGD9:D;I=>8HEG>DGID;DGB>C<67JH>C:HHG:A6I>DCH=>E
6C9G:I=;68IDG>:HI=6I86CJE=DA9DJGHIG>8IG:FJ>G:B:CIH
)JG DG:>C>BJBG:FJ>G:B:CIH;DGL=6IL:7:A>:K:6G:I=:6EEGDEG>6I:6C9
:I=>86AG:8GJ>IB:CI
:BEADNB:CI
6C9G:E6IG>6I>DCD;;DG:>;<1>@E
1:=6K:IG69:B6G@G><=IHDCB6CND;DJGEGD9J8IH6C97:A>:K:=6K>C<9>HI>C8I>K:B6G@HI=6I6G:G:69>AN>9:CI>;>67A:>H
6C>BEDGI6CI;68IDG>C7J>A9>CB6<:6C9>C9>HI>CH=>C9:G
DJGAJAJA:BDC6C9L6K:9:H>I>DC
L:DLCB6CNDI=:G
IG69:B6G@H;DGI=:C6B:HD;H:K:G6AD;DJG7G6C9H
HAD<6CH
;67G>8H6C9EGD9J8IH1:DLCG:<>HI:G:96C9E:C9>CA>IN6C99:H>C9JHIG>6A9:H>C6C696
6C9G:<>HI:G:98DBBJC>IN9:H>CJGDE:I=6IEGDI:8IDJG
EGD9J8I>CCDK6I>DCH
9>HI>C8I>K:6EE6G:A
6C9688:HHDGN9:H>5@51?-:0D/4-:31;995??5;:585:3?
)JGL:7H>I:699G:HH>HLLLAJAJA:BDC8DB1:EGDK>9:;G::688:HHIDK6G>DJHG:EDGIHI=6IL:;>A:L>I=
DG;JGC>H=ID

I=:/C>I:9-I6I:H-:8JG>I>:H6C9M8=6C<:DBB>HH>DC
DGI=:-
I=GDJ<=DJGL:7H>I:
6HHDDC6HG:6HDC67ANEG68I>867A:
6;I:GI=:N=6K:7::C;>A:9DG;JGC>H=:9.=:H:G:EDGIH>C8AJ9:
7JI6G:CDIA>B>I:9ID
DJGCCJ6A,:EDGIHDC DGB%

FJ6GI:GANG:EDGIHDC DGB+
8JGG:CIG:EDGIHDC DGB%
6C96CN6B:C9B:CIHIDI=DH:G:EDGIH)JG-G:EDGIH86C6AHD
7:688:HH:9I=GDJ<=I=:-HL:7H>I:6ILLLH:8A67A:DCDJGL:7H>I:6G:EG>CI67A:K:GH>DCHD;DJG!AD76A
D9:D;JH>C:HHDC9J8I6C9I=>8H6C98=6GI:GHD;I=:HI6C9>C<8DBB>II::HD;DJG7D6G9D;9>G:8IDGH#C;DGB6I>DC
8DCI6>C:9DCDG688:HH>7A:I=GDJ<=DJGL:7H>I:H>HCDI>C8DGEDG6I:9>CID
6C99D:HCDI;DGB6E6GID;
I=>H6CCJ6AG:EDGIDG
6CNDI=:GG:EDGIDG9D8JB:CIL:;>A:L>I=I=:-
6C96CNG:;:G:C8:HIDDJGL:7H>I:H6G:>CI:C9:9ID7:>C68I>K:I:MIJ6A
G:;:G:C8:HDCAN
%	#$% #$
*!!&/&+*/+/%"+/%"-&*#+-)/&+* +*/&*"!&*/%&.+-)/%"#+((+2&*$-&.'# /+-..%+0(!" +*.&!"-"!&*
"1(0/&*$+0-0.&*"..0-0.&*"..#&** &( +*!&/&+*+--".0(/.+#+,"-/&+*. +0(!")/"-&((4!1"-."(4##" /"!.
-".0(/+#*4+#/%"."-&.'.
$5?7?>18-@10@;;A>.A?5:1??-:05:0A?@>E
 ?<=?--/==./:/8.=989?<+,363>C>97+38>+38>2/@+6?/+8.+>398909?<,<+8.
.=:AJAJA:BDCC6B:>H>CI:C:HH6HL:AA6HIDI=:>BEA:B:CI6I>DCD;DJG:ME6CH>DCHIG6I:<>:H
'6>CI6>C>C<
EGDBDI>C<
6C9EDH>I>DC>CAA9:E:C9A6G<:ANDCI=:HJ88:HHD;DJGB6G@:I>C<6C9B:G8=6C9>H>C<
:;;DGIH6C9DJG67>A>INIDEGDK>9:68DCH>HI:CI
=><=FJ6A>INEGD9J8I
6C9:C8:HL:I>DC>C<

EGD9J8IH
6C9B6G@:I>C<:;;DGIHB6NCDI7:8DCH>9:G:99>HI>C8I
8JAIJG6AANG:A:K6CI
DG9:H>G67A:ID6AB:9>6
6HDC:D;DJGB6G@:I>C:H
ID=6K:6EDH>I>K:>BE68IDC7DI=DJG7G6C9K6AJ:6C9
G:EJI6I>DC)JG7G6C96C9G:EJI6I>DC8DJA97:69K:GH:AN6;;:8I:9>;L:;6>AID68=>:K:I=:H:D7?:8I>K:H
>;DJGEJ7A>8>B6<:
L6HID7:I6GC>H=:97NC:<6I>K:EJ7A>8>IN
L=>8=8DJA97:6BEA>;>:97NHD8>6AB:9>6
>;L:;6>AID9:A>K:G>CCDK6I>K:6C9=><=
FJ6A>INEGD9J8IH688:EI67A:IDDJG;L:;68:DGB>H=6C9A:6EGD9J8IG:86AA)JGG:EJI6I>DC8DJA96AHD7:>BE68I:9
7N69K:GH:EJ7A>8>IN
L=:I=:GDGCDIK6A>9
G:<6G9>C<6AA:<6I>DCHI=6IL:
DGE:GHDCH6HHD8>6I:9L>I=JHDG;DGB:GAN6HHD8>6I:9
L>I=JH
=6K:K>DA6I:96EEA>867A:A6LHDGG:DCH
>C8AJ9>C<7JICDIA>B>I:9IDI=DH:G:A6I:9IDH6;:IN
:BEADNB:CI

9>H8G>B>C6I>DC
=6G6HHB:CI
L=>HIA:7ADL>C<
EG>K68N
8DGEDG6I:8>I>O:CH=>E
>BEGDE:G7JH>C:HHEG68I>8:H
DG8N7:GH:8JG>IN
:GI6>C68I>K>I>:HDCI=:E6GID;HI6@:=DA9:GH
>C8AJ9>CO6I>DCH6C9CHI>IJI>DCH
8DJA9
86JH:G:EJI6I>DC6A96B6<:
9>HIG68IH:C>DGB6C6<:B:CI
6C99>HGJEIDJG7JH>C:HH99>I>DC6AAN
L=>A:L:9:KDI:
8DCH>9:G67A::;;DGI6C9G:HDJG8:HIDEGDI:8I>CCI:AA:8IJ6AEGDE:GIN
>;I=:H::;;DGIH6G:CDIHJ88:HH;JAI=:K6AJ:D;DJG
7G6C9B6N7:=6GB:9CN=6GBIDDJG7G6C96C9G:EJI6I>DC8DJA9=6K:6B6I:G>6A69K:GH::;;:8IDCDJG;>C6C8>6A8DC9>I>DC


(/9:/<+>/38+23126C-97:/>3>3@/7+<5/>+8.9?<-97:/>3>9<=7+C-97:/>/793@/6C>2+8A/-+838138+
69==909?<7+<5/>=2++,363>C
.=:B6G@:I;DGDJGEGD9J8IH>H=><=AN8DBE:I>I>K:DBE:I>I>DCB6NG:HJAI>CEG>8>CIB6G<>CH
DGADHIB6G@:IH=6G:
DG6;6>AJG:IDCI6>CDJGB6G@:IH=6G:
6CND;L=>8=8DJA9HJ7HI6CI>6AAN=6GBDJG7JH>C:HH
6C9G:HJAIHD;DE:G6I>DCH1:8DBE:I:9>G:8IAN6<6>CHIDC6A6C98DJCIGNHE:8>;>8L=DA:H6A:GH6C99>G:8I
G:I6>A:GHD;6I=A:I>86EE6G:A
>C8AJ9>CK:GH>;>:96EE6G:A8DBE6C>:HL>I=HJ7HI6CI>6AB6G@:IH=6G:
6C9:HI67A>H=:9
8DBE6C>:H:ME6C9>CGEGD9J8I>DC6C9B6G@:I>C86A6I=A:I>86EE6G:A
6HL:AA6H6<6>CHIHB6AA:GG:I6>A:GH6C9
I=DH:HE:8>;>86AAN;D8JH:9DCLDB:CH6I=A:I>86EE6G:A1:6AHD;68:8DBE:I>I>DC;GDBL=DA:H6A:GH6C99>G:8IG:I6>A:GHD;
IG69>I>DC6A8DBBD9>IN6I=A:I>86EE6G:A
HJ8=6H8DIIDC.H=>GIH6C9HL:6IH=>GIH'6CND;DJG8DBE:I>IDGH6G:A6G<:6EE6G:A
6C9HEDGI>C<:HL>I=HIGDC9:7G6C9G:8DI>DC:86JH:D;I=:;G6C9JHIGN

L:6AHD8DBE:I:L>I=DI=:G6EE6G:AH:AA:GH
>C8AJ9>C6A>O>C<>CND<66EE6G:A6C9DI=:G68I>K:L:6G)JG
8DBE:I>IDGHB6N7:67A:ID68=>:K:6C9B6>CI6>C7G6C96L6G:C:HH6C9B6G@:IH=6G:BDG:FJ>8@AN6C9:;;:8I>K:ANI=6CL:
86C
1:B6N;6>AID68@CDLA:9<:DGG:68I6EEGDEG>6I:ANIDI=::CIGNDG67A:8DBE:I>IDGDG9>HGJEI>K:;DG8:
6C9
8DJA9HIGJ<CJ:ID>CCDK6I:
9>;;:G:CI>6I:
6C9HJHI6>CI=:C8G:6H>C<9DB>C6C8:6C9
EG:H:C8:D;DJG7G6C9B6N6AHD9G>K:K::B:G<>C<8DBE:I>IDGH
#C699>I>DC
7:86JH:L:=DA9A>B>I:9E6I:CIH6C9:M8AJH>K:>CI:AA:8IJ6AEGDE:GING><=IH>CI=:I:8=CDAD8HDG
EGD8:HH:HJC9:GAN>CIDGH6G:67A:IDB6CJ;68IJG:6C9H:AAEGD9J8IHL>I=
E:G;DGB6C8:8=6G68I:G>HI>8H
;67G>86I>DCI:8=C>FJ:H
6C9HINA>CB>A6GIDDJGEGD9J8IH
0A/+9+8>3-3:+>/-98=?7/<:<9.?-/8/A3889@+>3@/+8.
.300/3+>/.:<9.?->=A/7+C89>,/+,6/>97+38>+389<38-+,363>C
)JGHJ88:HH9:E:C9HDCDJG67>A>INID>9:CI>;N6C9DG><>C6I:EGD9J8IIG:C9H6HL:AA6HID6CI>8>E6I:6C9G:68IID
8=6C<>C<8DCHJB:G9:B6C9H>C6I>B:ANB6CC:GAAD;DJGEGD9J8IH6G:HJ7?:8IID8=6C<>C<8DCHJB:GEG:;:G:C8:HI=6I
86CCDI7:EG:9>8I:9L>I=8:GI6>CIN#;L:6G:JC67A:ID>CIGD9J8:C:LEGD9J8IHDGCDK:AI:8=CDAD<>:H>C6I>B:ANB6CC:GDG
DJGC:LEGD9J8IHDGI:8=CDAD<>:H6G:CDI688:EI:97NDJGIDGHB6N>CIGD9J8:H>B>A6GEGD9J8IH>C6BDG:
I>B:AN;6H=>DC
L=>8=8DJA9=JGIDJG:L:96H6A:69:G>CI:8=C>86A6I=A:I>86EE6G:A>CCDK6I>DC)JGC:LEGD9J8IH
B6NCDIG:8:>K:8DCHJB:G688:EI6C8:6H8DCHJB:GEG:;:G:C8:H8DJA9H=>;IG6E>9ANID9>;;:G:CIINE:HD;6I=A:I>86EE6G:ADG
6L6N;GDBI=:H:INE:HD;EGD9J8IH6AID<:I=:G
6C9DJG;JIJG:HJ88:HH9:E:C9H>CE6GIDCDJG67>A>INID6CI>8>E6I:6C9G:HEDC9
IDI=:H:8=6C<:H)JG;6>AJG:ID6CI>8>E6I:6C9G:HEDC9>C6I>B:ANB6CC:GID8=6C<>C<8DCHJB:GEG:;:G:C8:H8DJA9A:69ID

6BDCCCK:CIDGNA:K:AH1:B6NCDI=6K:DGHJ88:HH;JAANA:K:G6<:I=:G:A:K6CI96I6ID
:;;:8I>K:ANJC9:GHI6C96C9G:68IID8DCHJB:GEG:;:G:C8:H6C9:ME:8I6I>DCHK:C>;L:6G:HJ88:HH;JA>C6CI>8>E6I>C<
8DCHJB:GEG:;:G:C8:H
DJG67>A>INID69:FJ6I:ANG:68IID6C9699G:HHI=DH:EG:;:G:C8:HL>AA>CE6GI9:E:C9JEDCDJG
8DCI>CJ:967>A>INID9:K:ADE6C9>CIGD9J8:>CCDK6I>K:
=><=FJ6A>INEGD9J8IH)JG;6>AJG:ID:;;:8I>K:AN>CIGD9J8:C:LEGD9J8IH
I=6I6G:688:EI:97N8DCHJB:GH8DJA9G:HJAI>C69:8G:6H:>CC:IG:K:CJ:6C9:M8:HH>CK:CIDGNA:K:AH
L=>8=8DJA9=6K:6
B6I:G>6A69K:GH::;;:8IDCDJG;>C6C8>6A8DC9>I>DC
0+8C909?<:<9.?->=2+@/7+8?0+->?<3819<./=318./0/->=9<+2/+,6/>9?=9<9?<1?/=>=9?<,?=38/==
-9?6.,/2+<7/.
1:=6K:D886H>DC6AANG:8:>K:9
6C9B6N>CI=:;JIJG:G:8:>K:
H=>EB:CIHD;EGD9J8IHI=6I;6>AID8DBEANL>I=DJG
I:8=C>86AHE:8>;>86I>DCHDGI=6I;6>AID8DC;DGBIDDJGFJ6A>IN8DCIGDAHI6C96G9H1:=6K:6AHDG:8:>K:9
6C9B6N>CI=:;JIJG:
G:8:>K:
EGD9J8IHI=6I6G:DI=:GL>H:JC688:EI67A:IDJHDGDJGG8JBHI6C8:H
JCA:HHL:6G:67A:ID
D7I6>CG:EA68:B:CIEGD9J8IH>C6I>B:ANB6CC:G
L:G>H@I=:ADHHD;C:IG:K:CJ:G:HJAI>C<;GDBI=:>C67>A>INIDH:AAI=DH:
EGD9J8IH6C9G:A6I:9>C8G:6H:969B>C>HIG6I>K:6C9H=>EE>C<8DHIH99>I>DC6AAN
>;I=:JC688:EI67>A>IND;DJGEGD9J8IH>HCDI
9>H8DK:G:9JCI>A6;I:GHJ8=EGD9J8IH6G:HDA9
DJG9:C8:>CDJGEGD9J8IHDGL:8DJA9;68:6EGD9J8I
G:86AA6C9DJGG:HJAIHD;DE:G6I>DCH8DJA9HJ;;:G6C9DJG7JH>C:HH
G:EJI6I>DC
6C97G6C98DJA97:=6GB:9
.=:8DBEA:M=6G9L6G:EG:K>DJHANHDA97NDJGAJAJA:BDC-IJ9>DHJ7H>9>6GN
6HL:AA6HI=:H:GK>8:H8JGG:CIAND;;:G:9
86C
7:6;;:8I:97N9:H>C<9:;:8IH-DE=>HI>86I:9DE:G6I>C86I>DCH
HJ8=6HI=DH:
D;;:G:97NAJAJA:BDC-IJ9>D
D;I:C=6K:>HHJ:HI=6I86CJC:ME:8I:9AN>CI:G;:G:L>I=I=:>CI:C9:9DE:G6I>DCD;=6G9L6G:DG
HD;IL6G:EGD9J8IH:;:8IHB6N6AHD:M>HI>C8DBEDC:CIH6C9EGD9J8IHI=6IL:HDJG8:;GDBI=>G9E6GI>:HCN9:;:8IH8DJA9
B6@:DJGEGD9J8IH6C9H:GK>8:HJCH6;:6C98G:6I:6G>H@D;:CK>GDCB:CI6ADGEGDE:GIN96B6<:DGE:GHDC6A>C?JGN6C9L:B6N
7:8DB:HJ7?:8IIDI=:=6O6G9H6C9JC8:GI6>CI>:HD;EGD9J8IA>67>A>IN8A6>BH6C9G:A6I:9A>I><6I>DC.=:D88JGG:C8:D;G:6ADG
E:G8:>K:99:;:8IH>C6CND;DJGEGD9J8IH
CDLDG>CI=:;JIJG:
8DJA9G:HJAI>C699>I>DC6AC:<6I>K:EJ7A>8>IN
G:CK:HI><6I>DCH
DGA6LHJ>IH;>A:96<6>CHIJH
E6GI>8JA6GAN>;DEGD9J8IH


6G:>C?JG:9K:C>;>C?JG>:H6G:CDII=:G:HJAID;6CN9:;:8IH
>;I=:N6G:E:G8:>K:9ID7:
L:B6N>C8JG:ME:CH:HID9:;:C9DG
H:IIA:6CN8A6>BH6C9DJG7G6C96C9G:EJI6I>DCB6N7:=6GB:9
 ?<=+6/=+8.:<903>+,363>C7+C./-638/+=+9038-=+8../-C:HH>HHJ7?:8IIDH>;>86CIEG:HHJG:DC8DHIH6C9EG>8>C<86JH:97NB6CN;68IDGH
>C8AJ9>C<>CI:CH:
8DBE:I>I>DC
8DCHIG6>C:9HDJG8>C<86E68>IN6C9G:A6I:9>C;A6I>DC6GNEG:HHJG:
I=:6K6>A67>A>IND;FJ6A>;>:9A67DG6C9L6<:
>C;A6I>DC
EG:HHJG:;GDB8DCHJB:GHIDG:9J8:I=:EG>8:HL:8=6G<:;DGDJGEGD9J8IH
6C98=6C<:H>C8DCHJB:G9:B6C9.=:H:
6C9DI=:G;68IDGH=6K:
6C9B6N>CI=:;JIJG:
86JH:JHID:ME:G>:C8:>C8G:6H:98DHIH
G:9J8:DJGEG>8:HID8DCHJB:GHDG
:ME:G>:C8:G:9J8:9H6A:H>CG:HEDCH:ID>C8G:6H:9EG>8:H
6CND;L=>8=8DJA986JH:DJGDE:G6I>CCID9:8A>C:>;L:6G:
JC67A:IDD;;H:II=:H:;68IDGHL>I=G:9J8I>DCH>CDE:G6I>C<8DHIH6C98DJA9=6K:6B6I:G>6A69K:GH::;;:8IDCDJG;>C6C8>6A
8DC9>I>DC
DE:G6I>CDC>O6I>DC:;;DGIHDGDI=:G:BEADN::DG<6C>O>C<68I>K>I>:H8DJA9A:69ID=><=:G
E:DEA:8DHIHDGG:9J8:DJG;A:M>7>A>INIDB6C6<:DJG:BEADN::HL=>8=B6NC:<6I>K:AN9>HGJEIDJGDE:G6I>DCH
 ?<=909:/<+>398=-9?6.,/7+>/<3+66C2+<7/.30A/+9+--?<+>/6C091?/=>./7+8.09<9?<
:<9.?->=
.D:CHJG:69:FJ6I:>CK:CIDGNHJEEAN
L:BJHI;DG:86HI>CK:CIDGNC::9H6C9EA68:DG9:GHL>I=DJGB6CJ;68IJG:GH
76H:9DCDJG:HI>B6I:HD;;JIJG:9:B6C9;DGE6GI>8JA6GEGD9J8IH)JG67>A>INID688JG6I:AN;DG:86HI9:B6C9;DGDJGEGD9J8IH
8DJA97:6;;:8I:97NB6CN;68IDGH
>C8AJ9>C<6C>C8G:6H:DG9:8G:6H:>CIDGH
DJG;6>AJG:ID688JG6I:AN;DG:86HICIGD9J8I>DCH7N8DBE:I>IDGH

JC6CI>8>E6I:98=6C<:H>C<:C:G6AB6G@:I8DC9>I>DCH;DG:M6BEA:
7:86JH:D;88DC8:GCHHJ8=6H>C;A6I>DC
6C
:8DCDB>89DLCIJGC
DG9:A6NH6C99>HGJEI>DCHG:HJAI>C<;GDBAD86A6C9>CI:GC6I>DC6AH=>EE>C<9:A6NH6C9A67DGH=DGI6<:H
6C9
L:6@:C>C88DC9>I>DCHDG8DCHJB:G8DC;>9:C8:>C;JIJG::8DCDB>88DC9>I>DCH;DG:M6BEA:
7:86JH:D;
>C;A6I>DC6GNEG:HHJG:H
DG7:86JH:D;H6C8I>DCH
G:HIG>8I>DCH
6C9DI=:GG:HEDCH:HG:A6I:9ID<:DEDA>I>86A:K:CIH#;L:;6>AID
688JG6I:AN;DG:86HI:C8::M8:HH>CK:CIDGNA:K:AHDG6H=DGI6<:D;EGD9J8IH6K6>A67A:;DGH6A:>C
DJGHIDG:HDG;DG9:A>K:GNIDC:M8:HHD;C>CK:CIDGNLG>I:9DLCHDGLG>I:D;;H6C9I=:H6A:D;:M8:HH
>CK:CIDGN6I9>H8DJCI:9EG>8:H
L=>8=LDJA986JH:DJGCIDHJ;;:G6C98DJA9>BE6>GI=:HIG:CK>IND;
DJG7G6C9DCK:GH:AN
>;L:JC9:G:HI>B6I:K:G
EGD9J8IHIDB::IDJGG:FJ>G:B:CIH
6C9I=>H8DJA9G:HJAI>C96B6<:IDDJGG:EJI6I>DC6C9DCH=>EH
 ?<6373>/.9:/<+>381/B:/<3/8-/+8.6373>/.,<+8.398388/A38>/<8+>398+67+<5/>=+8.8/A:<9.?->-+>/19<3/=
7+C6373>9?2>9=?00/<
)JG;JIJG:CE6GIDCDJG:ME6CH>DC:;;DGIHDJIH>9:D;I=:B:G>86H1:=6K:A>B>I:9:ME:G>:C8:L>I=
G:GDCB:CIH6C9B6G@:IEG68I>8:H>CI:GC6I>DC6AAN
6C9L:B6NCDI7:67A:IDE:C:IG6I:DGHJ88:HH;JAANDE:G6I:>C
6CNC:LB6G@:I#C8DCC:8I>DCL>I=DJG:ME6CH>DC:;;DGIHL:B6N:C8DJCI:GD7HI68A:HL:9>9CDI;68:>CI=:B:G>86H

>C8AJ9>C<8JAIJG6A6C9A>CHI>89>;;:G:C8:H
9>;;:G:C8:H>CG:GDCB:CIH
A67DGEG68I>8:H6C9B6G@:IEG68I>8:H

9>;;>8JAI>:H>C@::E>C<67G:6HID;B6G@:I
7JH>C:HH6C9I:8=C>86A9:K:ADEB:CIH
6C9>CI:GC6I>DC6A;;>8JAIN:ME6C9>C<>CIDC:L>CI:GC6I>DC6AB6G@:IH7:86JH:D;A>B>I:97G6C9G:8DI>DC
A:69>C86A6I=A:I>86EE6G:A7NCI=:H:C:L>CI:GC6I>DC6AB6G@:IH)JG;6>AJG:ID
9:K:ADEDJG7JH>C:HH>CC:L>CI:GC6I>DC6AB6G@:IHDG9>H6EED>CI>C<9:D;:M>HI>CC:HH6C9G:HJAIHD;DE:G6I>DCH
#C699>I>DC
DJG8DCI>CJ:9CE6GIDCDJG67>A>INID:ME6C9DJGEGD9J8I86I::H6C9>CIGD9J8:C:L
EGD9J8IA>C:H1:B6NCDI7:67A:IDHJ88:HH;JAANB6C6<:>CI:DCD;C:LEGD9J8I86I::HDGI=:C:LEGD9J8IA>C:H
L>I=DJG:M>HI>CC:H6C9A>C:HL>AAG:FJ>G:DJGB6C6<:B:CIIDI:HI6C99:K:ADE
9>;;:G:CIHIG6I:<>:H>CDG9:GID7:HJ88:HH;JA1:B6N7:JCHJ88:HH;JA>C:CI:G>C:H6C99:K:ADE>CCC:H
L=>8=G:FJ>G:HB6C6<:B:CID;C:LHJEEA>:GH
EDI:CI>6AC:L8JHIDB:GH
6C9C:L7JH>C:HH
BD9:AH)JGB6C6<:B:CIB6NCDI=6K:I=::ME:G>:C8:D;H:AA>C<>CI=:H:C:LEGD9J8I86I::H6C9L:B6NCDI7:67A:ID
C:HH6HEA6CC:9 DG:M6BEA:
>C$JAN
L:68FJ>G:9'#,,),
L=>8=L6HG:7G6C9:96HAJAJA:BDC-IJ9>D
6C9
>C
L:9>H8DCI>CJ:9H:AA>C<>IH=6G9L6G:6C9D;;:G>C<>IH9><>I6A6EEDCANHJ7H8G>EI>DC#;L:6G:JC67A:ID:;;:8I>K:AN6C9
HJ88:HH;JAAN;JGI=:G9:K:ADE8JGG:CI6C9;JIJG:C:LEGD9J8I86I::H6C9A>C:H
L:B6NCDI7:67A:ID>C8G:6H:DGB6>CI6>C
DJGH6A:H6C9DJGDE:G6I>CCHB6N7:69K:GH:AN6;;:8I:9.=>HB6N6AHD9>K:GII=:6II:CI>DCD;B6C6<:B:CI6C986JH:
699>I>DC6A:ME:CH:H
1:B6N
;GDBI>B:IDI>B:
:K6AJ6I:6C9EJGHJ:DI=:GHIG6I:<>8>CK:HIB:CIHDG68FJ>H>I>DCH.=:H:>CKDAK:K6G>DJH
>C=:G:CIG>H@H6C9I=:7:C:;>IHHDJ<=IB6NCDI7:G:6A>O:9


(/7+C89>,/+,6/>9/00/->3@/6C7+8+1/9?<1<9A>2+8.>2/38-C909?<,?=38/==+8.+=+9?<
,<+8.37+1/+8.038+8-3+6:/<09<7+8-/7+C=?00/<
1:B6N7:JC67A:ID68=>:K:DJGK:H>;L:9DCDI=6K:I=:G><=IA:K:AD;:;;>8>:C8N6C9H86A67>A>IN>CDJG
EGD8:HH:H6C9DE:G6I>DCH1:B6N:ME:G>:C8:9>;;>8JAI>:H>CD7I6>C>C8>:CIG6LB6I:G>6AH6C9B6CJ;68IJG>C<86E68>INID
EGD9J8:DJGEGD9J8IH
6HL:AA6H9:A6NH>CEGD9J8I>DC6C9H=>EB:CIH
6HDJGEGD9J8IH6G:HJ7?:8IIDG>H@H6HHD8>6I:9L>I=
DK:GH:6HHDJG8>C<6C9B6CJ;68IJG>C<1:8DJA97:G:FJ>G:9ID8DCI>CJ:ID:ME6C9DJGH6A:H6C9B6G@:I>C<
EGD9J8I
9:K:ADEB:CI6C99>HIG>7JI>DC;JC8I>DCH
IDJEC;DGB6I>DCHNHI:BH6C9DI=:GEGD8:HH:H6C9
I:8=CDADCBDG:HE68:;DGDJG:ME6C9>CH:ME6CH>DC8DJA9>C8G:6H:I=:HIG6>CDCDJGG:HDJG8:H

6C9L:8DJA9:ME:G>:C8:DE:G6I>C<9>;;>8JAI>:H
>C8AJ9>C<9>;;>8JAI>:H>C=>G>C<
IG6>C>C<
6C9B6C6<>C<6C>C8G:6H>C;;>8JAI>:H8DJA9G:HJAI>CI=::GDH>DCD;DJG7G6C9>B6<:L=>8=8DJA9=6K:6B6I:G>6A69K:GH::;;:8IDCDJG
;>C6C8>6A8DC9>I>DC
2+81/=38-98=?7/<=29::381:=38.3=><3,?>398-2+88/6=-9?6.7+>/<3+66C37:+->9?<=90
9:/<+>398=
1:DE:G6I:6CDBC>8=6CC:AG:I6>ABD9:A6C96>BID:;;>8>:CIAN6C9:;;:8I>K:ANH:GK:DJGCI=:L6NHBDHI
8DCK:C>:CIIDI=:B1:DE:G6I:68DB7>C6I>DCD;E=NH>86AG:I6>AAD86I>DCH6C9:8DBB:G8:H:GK>8:HK>6DJGL:7H>I:H
DI=:G
G:<>DCHE:8>;>8L:7H>I:H
9><>I6AB6G@:IEA68:H
6C9BD7>A:6EEH)JGE=NH>86AG:I6>AAD86I>DCHG:B6>C6@:NE6GID;DJG:LI=:B6H6K6AJ67A:IDDA>C=:AE>CA9DJG7G6C96C9EGD9J8IA>C:6HL:AA6H:C67A>C
8=6CC:A86E67>A>I>:H1:EA6CID8DCI>CJ:ID:ME6C9HFJ6G:;DDI6<:6C9DE:CC:L8DBE6CNDE:G6I:9HIDG:HIDHJEEDGIDJG
K:H.=:9>K:GH>DCD;H6A:H;GDBDJG8DBE6CNDE:G6I:9HIDG:H8DJA969K:GH:AN>BE68IDJGG:IJGCDC>CK:HIB:CI
6C98DJA9A:69ID>BE6>GB:CI8=6G<:H6C9HIDG:8ADHJG:H
>C8AJ9>CI8DHIH1:8DJA9=6K:9>;;>8JAIN>CG:8G:6I>CCHIDG::ME:G>:C8:I=GDJ<=9>G:8I8=6CC:AH)JG;6>AJG:IDHJ88:HH;JAAN>CI:<>I6A6C9E=NH>86A8=6CC:AH6C9
G:HEDC9IDI=:H:G>H@HB><=I69K:GH:AN>BE68IDJG7JH>C:HH6C9G:HJAIHD;DE:G6I>DCH
6HL:AA6H96B6<:DJGG:EJI6I>DC6C9
7G6C9#C699>I>DC
DJG8=6CC:AH=6K:9>;;:G:CIDE:G6I>CCH6C9H=>;IHID9>K:GH>;>:99>HIG>7JI>DC8=6CC:AH8DJA9
C:<6I>K:AN>BE68IDJGDK:G6AADE:G6I>CCH6C9G:HJAIHD;DE:G6I>DCH
(/+>9<3=5=+==9-3+>/.A3>26/+=381+36+8..3=><3,?>398=:+-/=?,4/->>96981>/<7+8.898-+8-/6+,6/6/+=/=
1:A:6H:I=:B6?DG>IND;DJGHIDG:HJC9:GDE:G6I>CC67>A>INIDH:8JG:6EEGDEG>6I:G:6A:HI6I:DGA:6H:
I:GBH8DJA9>BE68IDJG67>A>INIDC>I>6AI:GBHD;7:IL::CILD6C9N:6GH
6C9<:C:G6AAN86C
7::MI:C9:9>C>C8G:B:CIH7:IL::CILD6C9;>K:N:6GH
>;6I6AA1:<:C:G6AAN86CCDI86C8:AI=:H:A:6H:H6IDJGDEI>DC#;6C
:M>HI>CHCDIEGD;>I67A:
6C9L:9:8>9:ID8ADH:>I
6HL:=6K:9DC:>CI=:E6HI6C9B6N9D>CI=:;JIJG:
L:
B6NCDC:I=:A:HH7:8DBB>II:9IDE:G;DGBDJGD7A><6I>DCHJC9:GI=:6EEA>867A:A:6H:>C8AJ9>C<
6BDCCC<
I=:76H:G:CI;DGI=:76A6C8:D;I=:A:6H:I:GB->B>A6GAN
L:B6N7:8DBB>II:9IDE:G;DGBDJGD7A><6I>DCHJC9:GI=:
6EEA>867A:A:6H:H:K:C>;8JGG:CIAD86I>DCHD;DJGHIDG:H7:8DB:JC6IIG68I>K:6H9:BD8E6II:GCH8=6C<:#C699>I>DC
6H
:68=D;DJGA:6H:H:ME>G:
L:B6N;6>AIDC:6I:G:C:L6AH
:>I=:GDC8DBB:G8>6AAN688:EI67A:I:GBHDG6I6AA
L=>8=8DJA9
G:FJ>G:JHID8ADH:HIDG:H>C9:H>G67A:AD86I>DCH
1:6AHDA:6H:I=:B6?DG>IND;DJG9>HIG>7JI>DC8:CI:GH6C9DJG>C67>A>INIDH:8JG:6EEGDEG>6I:G:6A:HI6I:DGA:6H:I:GBH
8DJA9>BE68IDJG67>A>INID9:A>K:GDJGEGD9J8IHIDI=:B6G@:I
 ?<0?>?+8>3+66C./:/8./8>98>2/=/<@3-/909?<=/839<7+8+1/7/8>+8.9?<+,363>C>97+38>+389?<
-?6>?9+>><+->7+8+1/+8.+3823126C;?+6303/.38.3@3.?+6=
.=:E:G;DGB6C8:D;DJGH:C>DGB6C6<:B:CII:6B6C9DI=:G@:N:BEADN::H6C98DCIG68IDGHB6NCDIB::IDJGC::9H
6C9:ME:8I6I>DCHAHD
I=:ADHHD;H:GK>8:HD;6CND;I=:H:@:N>C9>K>9J6AH
DG6CNC:<6I>K:EJ7A>8E:G8:EI>DCL>I=G:HE:8IID
I=:H:>C9>K>9J6AH
B6N7:9>HGJEI>K:ID
DG86JH:JC8:GI6>CIN>C
DJG7JH>C:HH6C98DJA9=6K:6C:<6I>K:>BE68IDCDJG67>A>IN
IDB6C6<:6C9C:HH:;;:8I>K:AN-J8=9>HGJEI>DC8DJA9=6K:6B6I:G>6A69K:GH:>BE68IDCDJG;>C6C8>6A
E:G;DGB6C8:
;>C6C8>6A8DC9>I>DC
6C9I=:B6G@:IEG>8:D;DJGHID8@
#;L:6G:JC67A:IDHJ88:HH;JAANB6>CI6>C6C9:KDAK:DJGJC>FJ:8JAIJG:
D;;:G8DBE:I>I>K:8DBE:CH6I>DC6C97:C:;>IH

6C969:H>G67A:LDG@BD9:A
L:B6N7:JC67A:ID6IIG68I6C9G:I6>C=><=ANFJ6A>;>:9>C9>K>9J6AHIDHJEEDGIDJG7JH>C:HH6C9
8DCI>CJ:9DCHD;DJG:BEADN::H6C9B6NCDI7:E:G8:>K:96H
;6KDG67A:8DBE6G:9IDDI=:G8DBE6C>:H1:6AHD;68:G>H@HG:A6I:9ID:BEADN:::C<6<:B:CI6C9EGD9J8I>K>INL=>8=8DJA9
G:HJAI>C>C8G:6H:9=:698DJCI6C9A:69ID>C8G:6H:9A67DG8DHIH


 ?<,?=38/==3=+00/->/.,C=/+=98+63>CA23-2-9?6.3806?->?+>398=389?<9:/<+>381=
)JG7JH>C:HH>H6;;:8I:97NI=:<:C:G6AH:6HDC6AIG:C9H8DBBDCIDI=:G:I6>A6EE6G:A>C9JHIGN)JG6CCJ6AC:IG:K:CJ:
>HINE>86AANL:><=I:9BDG:=:6K>ANIDL6G9DJG;DJGI=;>H86AFJ6GI:G
G:;A:8I>CHIDG>86AHIG:CCH6A:H9JG>C96N
H:6HDC
L=>A:DJGDE:G6I>C<:ME:CH:H6G:BDG::FJ6AAN9>HIG>7JI:9I=GDJ<=DJII=:N:6G.=>HH:6HDC6A>IN
6ADCI=DI=:G
;68IDGHI=6I6G:7:NDC9DJG8DCIGDA
>C8AJ9>CI>DCH6C9I=::;;:8IHD;8A>B6I:8=6C<:
8DJA969K:GH:AN6;;:8IDJG
7JH>C:HH6C986JH:DJGG:HJAIHD;DE:G6I>DCHID;AJ8IJ6I:
$5?7?>18-@10@;5:2;>9-@5;:?1/A>5@E-:0@1/4:;8;3E
(/7+C,/?8+,6/>9=+0/1?+<.+1+38=>=/-?<3>C,97/<398=23:=+8.38
=318303-+8>6/1+6+8.038+8-3+6/B:9=?DCH
L:G:8:>K:8DC;>9:CI>6A
EGDEG>:I6GN
6C9E:GHDC6AAN>9:CI>;>67A:>C;DGB6I>DC
>C8AJ9>C<
8G:9>I86G9>C;DGB6I>DC
6C9>C;DGB6I>DC67DJIDJG8JHIDB:GH
DJG:BEADN::H
?D76EEA>86CIH
6C9DI=:GI=>G9E6GI>:H)JG
7JH>C:HH:BEADNHHNHI:BH6C9L:7H>I:HI=6I6AADL;DGI=:HIDG6<:6C9IG6CHB>HH>DCD;I=>H>C;DGB6I>DC"DL:K:G
9:HE>I:DJG
H6;:INEGD8:HH:H6C9EGDI:8I>DCH
H:8JG>IN7G:68=:H8DJA9:MEDH:JHID6G>H@D;I=:;IDGB>HJH:D;I=>H
>C;DGB6I>DC
6C98DJA9G:HJAI>CA>I><6I>DC6C9EDI:CI>6AA>67>A>IN
.=:G:I6>A>C9JHIGN
>CE6GI>8JA6G
=6H7::CI=:I6G<:ID;B6CNG:8:CI8N7:G6II68@H1:B6NCDI=6K:I=:G:HDJG8:HDG
I:8=C>86AHDE=>HI>86I>DCID7:67A:ID6CI>8>E6I:DGEG:K:CIG6E>9AN:KDAK>CI=>C;DGB6I>DC#C699>I>DC
9:HE>I:I6@>CC;DGB6I>DCH:8JG>IN6C9EG>K68N:CK>GDCB:CI;GDBH:8JG>IN7G:68=:H
DJG8JHIDB:GH6C9DJG7JH>C:HH8DJA9
HI>AA7::MEDH:9IDG>H@8IJ6ADG6CI>8>E6I:96II68@HB6N86JH:JHID>C8JG>C8G:6H>C<8DHIH>C8AJ9>C<8DHIHID9:EADN699>I>DC6A
E:GHDCC:A6C9EGDI:8I>DCI:8=CDAD<>:H
IG6>C:BEADN::H6C9:C<6<:I=>G9E6GIN:ME:GIH6C98DCHJAI6CIH9K6C8:H>C6GI>;>8>6A
>CI:AA><:C8:6C9DI=:G8DBEJI:G86E67>A>I>:H
C:LI:8=CDAD<>86A9>H8DK:G>:HDGDI=:G9:K:ADEB:CIHB6NG:HJAI>CI=:
I:8=CDADDCDGDI=:G96I67:>C<7G:68=:9DG8DBEGDB>H:9':6HJG:HL:>BEA:B:CIID
EGDI:8I6<6>CHI8N7:G6II68@HB6N6AHD=6K:I=:EDI:CI>6AID>BE68IDJG8JHIDB:GHH=DEE>C<:ME:G>:C8:DG9:8G:6H:68I>K>IN
DCDJGL:7H>I:H7NB6@>C;;>8JAIIDJH:DGG:FJ>G>CI:9DLCI>B:
6I66C9H:8JG>IN7G:68=:H86C6AHDD88JG6H6G:HJAID;CDCI:8=C>86A>HHJ:H>C8AJ9>C<>CI:CI>DC6ADG>C69K:GI:CI7G:68=
7N:BEADN::HDGE:GHDCHL>I=L=DBL:=6K:8DBB:G8>6AG:A6I>DCH=>EHI=6IG:HJAI>CI=:JC6JI=DG>O:9G:A:6H:D;E:GHDC6ADG
8DC;>9:CI>6A>C;DGB6I>DCCN8DBEGDB>H:DG7G:68=D;DJGH:8JG>IN8DJA9G:HJAI>C6K>DA6I>DCD;6EEA>867A:EG>K68N6C9DI=:G
A6LH
H>;>86CIA:<6A6C9;>C6C8>6A:MEDHJG:
6C996B6<:IDDJG7G6C96C9G:EJI6I>DCDGDI=:G=6GBIDDJG7JH>C:HH
#C699>I>DC
I=:>C8G:6H:9JH:D;:BEADN::DLC:99:K>8:H;DG8DBBJC>86I>DCH6HL:AA6HLDG@;GDB=DB:
6GG6C<:B:CIHEG:H:CI699>I>DC6ADE:G6I>DC6AG>H@HIDDJGI:8=CDADC8AJ9>C<>C8G:6H:9G>H@HD;8N7:G6II68@H
 JGI=:G
A>@:DI=:G8DBE6C>:H>CI=:G:I6>A>C9JHIGN
L:=6K:>CI=:E6HI:ME:G>:C8:9
6C9L::ME:8IID8DCI>CJ:ID
:ME:G>:C8:
8N7:G6II68@H
>C8AJ9>CH=>C<
6C9DI=:G6II:BEIHID7G:68=
DG<6>CJC6JI=DG>O:9688:HHID
DJGHNHI:BH.D
96I:
I=:H:6II68@H=6K:CDI=696B6I:G>6A>BE68IDCDJGDE:G6I>DCH
7JII=:NB6N=6K:6B6I:G>6A>BE68I>CI=:;JIJG:
!<3@+-C+8..+>+:<9>/->3986+A=38-:IND;EG>K68N6C996I6EGDI:8I>DCA6LH6C9G:DCHI=6I8=6C<:;G:FJ:CIAN6C9=6K:
G:FJ>G:B:CIHI=6IK6GN;GDB?JG>H9>8I>DCID?JG>H9>8I>DC DG:M6BEA:
L:6G:HJ7?:8IIDH>;>86CI8DBEA>6C8:D7A><6I>DCH
JC9:GEG>K68NA6LHHJ8=6HI=:!:C:G6A6I6*G>K68N,:DC!*,>CI=:JGDE:6C/C>DC
I=:*:GHDC6A#C;DGB6I>DC
*GDI:8I>DC6C9A:8IGDC>8D8JB:CIH8IU*#*V>C6C696
I=:6A>;DGC>6DCHJB:G*G>K68N8I*BD9>;>:97NI=:
6A>;DGC>6*G>K68N,><=IH8IU*,V
6C9I=:*:GHDC6A#C;DGB6I>DC*GDI:8I>DC&6LU*#*&V>CI=:*:DEA:H,:EJ7A>8D;=>C6
*,-DB:EG>K68NA6LHEGD=>7>II=:IG6CH;:GD;E:GHDC6A>C;DGB6I>DCID8:GI6>CDI=:G?JG>H9>8I>DCH1:6G:HJ7?:8IID
EG>K68N6C996I6EGDI:8I>DC6J9>IHDG>CK:HI><6I>DCH7NK6G>DJH:H)JG;6>AJG:ID8DBEANL>I=I=:H:A6LH
HJ7?:8IHJHIDEDI:CI>6AG:K>IN
;>C:H
EG>K6I:A>I><6I>DC>C8AJ9>C<8A6HH68I>DCH
6C9DI=:G8DHIH)JG
:;;DGIHID8DBEANL>I=EG>K68NA6LHB6N8DBEA>86I:DJGDE:G6I>DCH6C9699IDDJG8DBEA>6C8:8DHIHH>;>86CIEG>K68N
7G:68=DG;6>AJG:DGE:G8:>K:9;6>AJG:7NJHDGDJGI=>G9E6GINH:GK>8:EGDK>9:GHID8DBEANL>I=EG>K68NDG96I6EGDI:8I>DCA6LH

G:DCH
EDA>8>:HDGG:96C8:B><=I=6K:6B6I:G>6AAN69K:GH:>BE68IDCDJGG:EJI6I>DC
7JH>C:HHDE:G6I>DCH
6C9DJG;>C6C8>6A8DC9>I>DCDGG:HJAIHD;DE:G6I>DCH

 *,>C8AJ9:H=>C6'6>CA6C9
"DC<%DC<-,
.6>L6C
6C9'686J-,

3=398909?<>/-289691C=C=>/7=9/.8/>A9<538>/<398-9?6..3=9?<,?=38/==
1:6G:>C8G:6H>CG9E6GI>:HIDDE:G6I:DJG:8DBB:G8:
L:7H>I:H
EGD8:HHIG6CH68I>DCH
G:HEDC9IDCFJ>G>:H
B6C6<:>CK:CIDGN
EJG8=6H:
H:AA6C9H=>EB:AN76H>H

6C9B6>CI6>C8DHI:;;>8>:CIDE:G6I>DCH.=:;6>AJG:D;DJGI:8=CDADK:AN
EGD7A:BH
L>I=IG6CH>I>DC>C;;>8JAIN>C>CI:CC:HH)JGI:8=CDADI:H
6C9DE:G6I>DCHD;I=>G9E6GI>:HDCL=DBL:G:AN
B6N:C8DJCI:G96B6<:

HADL9DLC
DG9>HGJEI>DC>C8AJ9>C<8DBEA:I:DJI6<:H86JH:97N6;6>AJG:IDHJ88:HH;JAANJEAJG:H

K>GJH:H
8DBEJI:G=68@:GH
C6IJG6A9>H6HI:GH
DGDI=:G86JH:H.=:H:8DJA986JH:>C;DGB6I>DC
>C8AJ9>C<96I6G:A6I:9ID8=8DJA9
:HE:8>6AAN>;I=:9>HGJEI>DCDGHADL9DLCD88JGG:99JG>C96NH:6HDC
G:HJAI
>C9:A6NH>CI=:9:A>K:GND;EGD9J8IHIDDJGHIDG:H6C98=8DJA9G:9J8:9:B6C9;DGDJGEGD9J8IH6C9
86JH:DJGH6A:HID9:8A>C:.=:8DC8:CIG6I>DCD;DJGEG>B6GND;;>8:H
H:K:G6AD;DJG9>HIG>7JI>DC8:CI:GH
6C96CJB7:GD;DJG
HIDG:H6ADC868DJA96BEA>;NI=:>BE68ID;6C6IJG6A9>H6HI:GD88JGG>C<>CI=6I6G:6IDDJG
7JH>C:HH
>C8AJ9>CI>DC
>;8=6C<:H>CI:8=CDADC;DGB6I>DCHNHI:BHID7:8DB:
D7HDA:I:
L:9DCDI:;;:8I>K:ANA:K:G6<:6GI>;>8>6A>CI:AA><:C8:
DG>;DJG>C;DGB6I>DCHNHI:BH6G:>C69:FJ6I:ID=6C9A:DJG
B>I:9768@JEHNHI:BH6C9G:9JC96C8>:H
6C9DJGI:8=CDADI:H
=6K::ME:G>:C8:9HNHI:B;6>AJG:H6C9:A:8IG>86ADJI6<:H>CI=:E6HIL=>8==6K:9>HGJEI:9DJGDE:G6I>DCHCNH>;>86CI
9>HGJEI>DC>CDJGI:8=CDADI:H8DJA9=6GBDJGG:EJI6I>DC6C98G:9>7>A>IN
6C98DJA9=6K:6B6I:G>6A69K:GH:
:;;:8IDCDJG7JH>C:HH
;>C6C8>6A8DC9>I>DC
6C9G:HJAIHD;DE:G6I>DCH
 ?<>/-289691C,+=/.=C=>/7=>2+>13@/9?<-?=>97/<=>2/+,363>C>9=29:A3>2?=98638/7+C89>0?8->398/00/->3@/6C
'6CND;DJG8JHIDB:GHH=DEL>I=JHI=GDJ<=DJG:8DBB:G8:L:7H>I:H6C9BD7>A:6EEH#C8G:6H>CCC:L>I=JH6C9L>I=DJG8DBE:I>IDGH6C9ID9D8DBE6G>HDCH=DEE>C<1:6G:
>C8G:6H>CC6AB:9>66C9EGDEG>:I6GNBD7>A:6EEHID>CI:G68IL>I=DJG8JHIDB:GH6C96H6B:6CHID:C=6C8:I=:>G
H=DEE>C<:ME:G>:C8:CN;6>AJG:DCDJGE6GIIDEGDK>9:6IIG68I>K:
:;;:8I>K:
G:A>67A:
JH:G;G>:C9AN:8DBB:G8:EA6I;DGBHI=6I
D;;:G6L>9:6HHDGIB:CID;B:G8=6C9>H:L>I=G6E>99:A>K:GNDEI>DCH6C9I=6I8DCI>CJ6AANB::II=:8=6C<>C<:ME:8I6I>DCHD;
DCA>C:H=DEE:GH8DJA9EA68:JH6I68DBE:I>I>K:9>H69K6CI6<:
G:HJAI>CI=:ADHHD;:8DBB:G8:6C9DI=:GH6A:H
=6GBDJG
G:EJI6I>DCL>I=8JHIDB:GH
=6K:6B6I:G>6A69K:GH:>BE68IDCI=:C:HH6A69K:GH:>BE68IDCDJG7JH>C:HH6C9G:HJAIHD;DE:G6I>DCH
$5?7?>18-@10@;;A>?A<<8E/4-5:
3=398=909?<=?::6C-2+38-9?6.2+@/+7+>/<3+6+.@/<=//00/->989?<9:/<+>381+8.038+8-3+6=
>HGJEI>DCD;DJGHJEEAN8=6>C86E67>A>I>:H9J:IDIG69:G:HIG>8I>DCH
EDA>I>86A>CHI67>A>IN
H:K:G:L:6I=:G
C6IJG6A
9>H6HI:GH
EJ7A>8=:6AI=8G>H:H
L6G
I:GGDG>HB
EGD9J8IG:86AAH
A67DGHJEEANH=DGI6<:HDGHIDEE6<:H
I=:;>C6C8>6ADGDE:G6I>DC6A
>CHI67>A>IND;@:NHJEEA>:GH6C986GG>:GH
8=6C<:H>C9>EADB6I>8DGIG69:G:A6I>DCH=>EH>C8AJ9>C<6CNH6C8I>DCH
G:HIG>8I>DCH
6C9
DI=:GG:HEDCH:HHJ8=6HI=DH:G:A6I:9ID8JGG:CI<:DEDA>I>86A:K:CIH
DGDI=:GG:6HDCH8DJA9>BE6>GDJG67>A>INID9>HIG>7JI:
DJGEGD9J8IH.DI=::MI:CIL:6G:JC67A:IDB>I><6I:I=:A>@:A>=DD9DGEDI:CI>6A>BE68ID;HJ8=:K:CIH
I=:G:8DJA97:6
B6I:G>6A69K:GH::;;:8IDCDJGDE:G6I>C<6C9;>C6C8>6AG:HJAIH
(//<8+>398+6=?::63/<=+8.+8C=318303-+8>.3=398>99?<=?::6C-2+38-9?6.37:+3<9?<+,363>C>9:<9-?<3,?>/9?<:<9.?->=
1:9DCDIB6CJ;68IJG:DJGEGD9J8IHDGG6LB6I:G>6AH6C9G:ANDCHJEEA>:GH6C9B6CJ;68IJG:GHAD86I:9EG:9DB>C6CIAN
>C*6C9=>C6'6>CA6C91:6AHDHDJG8:DI=:GB6I:G>6AHJH:9>CDJGEGD9J8IH
>C8AJ9>C<>I:BHHJ8=6H8DCI:CIA67:AH

:A6HI>8H
7JIIDCH
8A6HEH
6C99G6L8DG9H
;GDBHJEEA>:GHAD86I:9EG>B6G>AN>CI=>HG:<>DC6H:9DC8DHI
9JG>C<
W
EEGDM>B6I:AND;DJGEGD9J8IHL:G:B6CJ;68IJG:9>C0>:IC6B
>C6B7D9>6
>C-G>&6C@6
>C
#C9DC:H>6
6C9>C6CC9:G>CDI=:GG:<>DCH
W
EEGDM>B6I:AND;I=:;67G>8JH:9>CDJGEGD9J8IHDG><>C6I:9;GDB.6>L6C
;GDB=>C6'6>CA6C9
;GDB
-DJI=%DG:6
6C9I=:G:B6>C9:G;GDBDI=:GG:<>DCH
.=::CI>G:6EE6G:A>C9JHIGN
>C8AJ9>CC8=6AA:C<:H6H6G:HJAID;I=:>BE68IHD;
8=:6AI=8G>H:H
EDA>I>86A>CHI67>A>IN
>C;A6I>DC6GNEG:HHJG:H
B68GD:8DCDB>88DC9>I>DCH
6C9DI=:G;68IDGH
>C8AJ9>C<
G:9J8:9;G:><=I6K6>A67>A>IN6C9>C8G:6H:98DHIH
EDGI9>HGJEI>DC
B6CJ;68IJG>C<;68>A>IN8ADHJG:H
6C9G:A6I:9A67DGH=DGI6<:H
6C9DI=:GHJEEAN8=6>C9>HGJEI>DCH


)JGHJEEAN8=6>C86E67>A>I>:HB6N7:9>HGJEI:99J:IDI=:H:DGDI=:G;68IDGH
HJ8=6HH:K:G:L:6I=:G
C6IJG6A9>H6HI:GH

L6GDGDI=:GB>A>I6GN8DC;A>8IH
I:GGDG>HB
A67DGHJEEANH=DGI6<:HDGHIDEE6<:H
I=:;>C6C8>6ADGDE:G6I>DC6A>CHI67>A>IND;@:N
HJEEA>:GHDGI=:8DJCIG>:H>CL=>8=I=:NDE:G6I:
DG8=6C<:H>C9>EADB6I>8DGIG69:G:A6I>DCH=>EH>C8AJ9>C<6CNH6C8I>DCH

G:HIG>8I>DCH
6C9DI=:GG:HEDCH:HID<:DEDA>I>86A:K:CIHCNH>;>86CI9>HGJEI>DC>CDJGHJEEAN8=6>C86E67>A>I>:H8DJA9
>BE6>GDJG67>A>INIDEGD8JG:DG9>HIG>7JI:DJGEGD9J8IH
L=>8=LDJA969K:GH:AN6;;:8IDJG7JH>C:HH6C9G:HJAIHD;DE:G6I>DCH
3@/6C=7+668?7,/<90@/8.9<==?::6C+8.7+8?0+->?:9<>398909?<:<9.?->=+8.69=38198/9<792/=/@/8.9<=-9?6.+.@/<=/6C+00/->9?<,?=38/==+8.=909:/<+>398=
'6CND;I=:HE:8>6AIN;67G>8HJH:9>CDJGEGD9J8IH6G:I:8=C>86AAN69K6C8:9I:MI>A:EGD9J8IH9:K:ADE:96C9
B6CJ;68IJG:97NI=>G9E6GI>:H6C9B6N7:6K6>A67A:
>CI=:H=DGII:GB
;GDBDCANDC:DG6A>B>I:9CJB7:GD;HDJG8:H1:
=6K:CDADC<I:GB8DCIG68IHL>I=6CND;DJGHJEEA>:GHDGB6CJ;68IJG:GH;DGI=:EGD9J8I>DC6C9HJEEAND;DJGG6LB6I:G>6AH
6C9EGD9J8IH
6C9L:8DBE:I:L>I=DI=:G8DBE6C>:H;DG;67G>8H
DI=:GG6LB6I:G>6AH
6C9EGD9J8I>DCJG>C<
L:
LDG@:9L>I=6EEGDM>B6I:ANK:C9DGHIDB6CJ;68IJG:DJGEGD9J8IH6C9HJEEA>:GHIDEGDK>9:I=:;67G>8;DGDJGEGD9J8IH
6H:9DC8DHI
9JG>C<
W
EEGDM>B6I:AND;DJGEGD9J8IHL:G:B6CJ;68IJG:97NDJGIDE;>K:K:C9DGH
I=:A6G<:HID;L=>8=EGD9J8:9
6EEGDM>B6I:AND;DJGEGD9J8IH6C9
W
EEGDM>B6I:AND;DJG;67G>8HL:G:EGD9J8:97NDJGIDE;>K:;67G>8HJEEA>:GH
I=:A6G<:HID;L=>8=EGD9J8:9
6EEGDM>B6I:AND;;67G>8JH:9
1:=6K::ME:G>:C8:9
6C9B6N>CI=:;JIJG::ME:G>:C8:
6H>;>86CI9>HGJEI>DC>CI=:HJEEAND;;67G>8HDGG6LB6I:G>6AH
6C9B6N7:JC67A:IDAD86I:6AI:GC6I>K:HJEEA>:GHD;8DBE6G67A:FJ6A>IN6I6C688:EI67A:EG>8:
DG6I6AA#C699>I>DC
>;L:
:ME:G>:C8:H>;>86CI>C8G:6H:99:B6C9
DG>;L:C::9IDG:EA68:6C:M>HI>C:GDGB6CJ;68IJG:G
L:B6N7:JC67A:ID
AD86I:699>I>DC6AHJEEA>:HD;;67G>8HDGG6LB6I:G>6AHDG699>I>DC6AB6CJ;68IJG>C<86E68>INDCI:GBHI=6I6G:688:EI67A:IDJH

DG6I6AA
DGL:B6N7:JC67A:IDAD86I:6CNHJEEA>:GDGB6CJ;68IJG:GL>I=HJ;;>8>:CI86E68>INIDB::IDJGG:FJ>G:B:CIHDG;>AA
DJGDG9:GH>C6I>B:ANB6CC:G#9:CI>;N>C<6HJ>I67A:HJEEA>:G>H6C>CKDAK:9EGD8:HHI=6IG:FJ>G:HJHID7:8DB:H6I>H;>:9L>I=
>IHFJ6A>IN8DCIGDA
G:HEDCH>K:C:HH6C9H:GK>8:
;>C6C8>6AHI67>A>IN
6C9A67DG6C9DI=:G:I=>86AEG68I>8:HK:C>;L:6G:67A:ID
:ME6C9:M>HI>CC9C:LB6CJ;68IJG>C8HDJG8:H
L:B6N:C8DJCI:G9:A6NH>CEGD9J8I>DC6C9699:98DHIH6H6
G:HJAID;I=:I>B:>II6@:HIDIG6>CDJGHJEEA>:GH6C9B6CJ;68IJG:GH>CDJGB:I=D9H
EGD9J8IH
6C9FJ6A>IN8DCIGDAHI6C96G9H
)JGHJEEAND;;67G>8DGB6CJ;68IJG:D;DJGEGD9J8IH8DJA97:9>HGJEI:9DG9:A6N:97N:8DCDB>8DGEDA>I>86ADGI>DCH
6C9I=:G:A6I:9K6I:H:8IDGG:HEDCH>K:68I>DCHHJ8=6H8ADHJG:H
G:HIG>8I>DCHDCEGD9J8I
H=>EB:CIH
6C9IG6K:AG:HIG>8I>DCH:A6NHG:A6I:9IDHJEEA>:G8=6C<:H8DJA96AHD6G>H:9J:ID6C>C8G:6H:>CH=>EE>CB:H>;
C:LHJEEA>:GH6G:AD86I:9;6GI=:G6L6N;GDBDJGB6G@:IHDG;GDBDI=:GE6GI>8>E6CIH>CDJGHJEEAN8=6>C#C699>I>DC
;G:><=I
86E68>IN>HHJ:H8DCI>CJ:IDE:GH>HILDGA9L>9:6HI=:G:>HBJ8=EE>C<6C9G:9J8:986E68>IN6C9
:FJ>EB:CICN9:A6NH
>CI:GGJEI>DC
DG>C8G:6H:98DHIH>CI=:HJEEAND;;67G>8DGB6CJ;68IJG:D;DJGEGD9J8IH8DJA9=6K:6C
69K:GH::;;:8IDCDJG67>A>INIDB::ICADL:GC:IG:K:CJ:6C9>C8DB:;GDB
DE:G6I>DCH7DI=>CI=:H=DGI6C9ADC?-97:6CA3>29?<'/8.9<9./90>23-=9<
+::63-+,6/6+A=
1=>A:L:G:FJ>G:DJGHJEEA>:GH6C9B6CJ;68IJG:GHID8DBEANL>I=DJG0:C9DGD9:D;I=>8H
L=>8=>C8AJ9:HA67DG

=:6AI=6C9H6;:IN
6C9:CK>GDCB:CIHI6C96G9H
L:9DCDI8DCIGDAI=:>GDE:G6I>DCH#;HJEEA>:GHDG8DCIG68IDGH9DCDI8DBEAN
L>I=I=:H:HI6C96G9HDG6EEA>867A:A6LHDGI=:G:>HC:<6I>K:EJ7A>8>ING:<6G9>CDCB:I=D9HD;6CND;DJG
HJEEA>:GHDGB6CJ;68IJG:GH
:K:C>;JC;DJC9:9DGCDIHE:8>;>8IDDJGHJEEAN8=6>C
DJGG:EJI6I>DC6C9H6A:H8DJA97:69K:GH:AN
6;;:8I:9
L:8DJA97:HJ7?:8IIDA:<6AA>67>A>IN
DG8DJA986JH:JHID8DCIG68IL>I=6AI:GC6I>K:HJEEA>:GHDGB6CJ;68IJG>C<
HDJG8:H
%2/06?->?+>381-9=>90<+A7+>/<3+6=-9?6.38-90199.==96.
.=:;67G>8HJH:9IDB6@:DJGEGD9J8IH>C8AJ9:HNCI=:I>8;67G>8HL=DH:G6LB6I:G>6AH>C8AJ9:E:IGDA:JB76H:9EGD9J8IH
)JGEGD9J8IH6AHD>C8AJ9:H>AK:G6C9C6IJG6A;>7:GH
>C8AJ9>C<8DIIDC)JG8DHIH;DGG6LB6I:G>6AH6G:6;;:8I:97N
6BDCCDCDCI=:8DBBD9>I>:HB6G@:I
I=:G:A6I>K:K6AJ6I>DCH6C9;AJ8IJ6I>DCHD;I=:
8JGG:C8>:HD;EGD9J8:GK:GHJH8DCHJB:G8DJCIG>:H
6C9DI=:G;68IDGHI=6I6G:<:C:G6AANJCEG:9>8I67A:6C97:NDC9DJG8DCIGDA
CN6C96AAD;I=:H:;68IDGHB6N7::M68:G76I:97NB6I:8=6C<:#C699>I>DC
EDA>I>86A>CHI67>A>IN
IG69:G:A6I>DCH

H6C8I>DCH
>C;A6I>DC6GNEG:HHJG:
DGDI=:G<:DEDA>I>86ADG:8DCDB>88DC9>I>DCH8DJA986JH:G6LB6I:G>6A8DHIHID>C8G:6H:6C9
=6K:6C69K:GH::;;:8IDCDJG;JIJG:B6G<>CH#C8G:6H:H>CI=:8DHID;G6LB6I:G>6AH
>C8AJ9>C8:HL:E6N


;DGH>AK:G6C9DJG8DIIDCN6GC6C98DIIDC76H:9I:MI>A:H
8DJA9=6K:6B6I:G>6A69K:GH::;;:8IDCDJG8DHID;DCH
;>C6C8>6A8DC9>I>DC
6C986H=;ADLH
0A//8-9?8>/<:<9,6/7=A3>29?<.3=><3,?>398=C=>/79?<+,363>C>9./63@/<9?<:<9.?->=>9>2/7+<5/>+8.>97//>1?/=>
/B:/->+>398=-9?6.,/2+<7/.
1:G:ANDCDJG9>HIG>7JI>DC;68>A>I>:H;DGHJ7HI6CI>6AAN6AAD;DJGEGD9J8I9>HIG>7JI>DC)JG9>HIG>7JI>DC;68>A>I>:H>C8AJ9:
8DBEJI:G8DCIGDAA:96C96JIDB6I:9:FJ>EB:CI
L=>8=B:6CHI=:>GDE:G6I>DCHB6N7:HJ7?:8IID6CJB7:GD;G>H@HG:A6I:9ID
H:8JG>INDG8DBEJI:GK>GJH:H
I=:EGDE:GDE:G6I>DCD;HD;IL6G:6C9=6G9L6G:
:A:8IGDC>8DGEDL:G>CI:GGJEI>DCH
DGDI=:G
HNHI:B;6>AJG:H#C699>I>DC
DJGDE:G6I>DCH8DJA96AHD7:>CI:GGJEI:97NA67DG9>;;>8JAI>:H
E6C9:B>8H
I=:>BE68IHD;8A>B6I:
8=6C<:
:MIG:B:DGH:K:G:L:6I=:G8DC9>I>DCHDG7N;ADD9H
;>G:H
DGDI=:GC6IJG6A9>H6HI:GHC:6GDJG9>HIG>7JI>DC8:CI:GH#;L:
:C8DJCI:GEGD7A:BHL>I=DJG9>HIG>7JI>DCHNHI:B
DJG67>A>INIDB::IDCH
B6C6<:>CK:CIDGN
8DBEA:I:H6A:H

6C968=>:K:D7?:8I>K:H;DGDE:G6I>C<:;;>8>:C8>:H8DJA97:=6GB:9
8-=+8.9>2/<0+->9<=+==9-3+>/.A3>2>2/:<9.?->398909?<:<9.?->=38$9?>2=3++8.$9?>2+=>=3+
-9?6.38-2/-9=>=>9:<9.?-/9?<:<9.?->=
H>;>86CIEDGI>DCD;DJGEGD9J8IH6G:EGD9J8:9>C-DJI=H>66C9-DJI=6HIH>66C9>C8G:6H:H>CI=:8DHIHD;A67DG
6C9DI=:G8DHIHD;9D>C<7JH>C:HH>CI=:8DJCIG>:H>CI=>H6G:68DJA9H>;>86CIAN>C8G:6H:DJG8DHIHIDEGD9J8:DJGEGD9J8IH
6C98DJA9=6K:6C:<6I>K:>BE68IDCDJGDE:G6I>DCH6C9:6GC>CK:AN6;;:8IDJG7JH>C:HH>C8AJ9:
A67DGH=DGI6<:H6C9>C8G:6H:H>CA67DG8DHIH
A67DG9>HEJI:H
E6C9:B>8H
I=:>BE68IHD;8A>B6I:8=6C<:
9>;;>8JAI>:H6C9
699>I>DC6A8DHIH>CIG6CHEDGI>C:HIDDJG9>HIG>7JI>DC8:CI:GH6C9H>;>86CI
G:K6AJ6I>DCD;I=:8JGG:C8>:HJH:9>CI=:H:8DJCIG>:H
L=>8=B6NG:HJAI>C6C>C8G:6H:>CI=:8DHID;EGD9J8>CBEDH>I>DCD;IG69:H6C8I>DCHDGDI=:GG:DCH6<6>CHIEGD9J8IH>BEDGI:97NJH;GDB
DGI=:ADHHD;CDGB6AIG69:
G:A6I>DCHHI6IJHL>I=6CN8DJCIGN>CL=>8=DJGEGD9J8IH6G:B6CJ;68IJG:9
8DJA9H>;>86CIAN>C8G:6H:DJG8DHID;EGD9J8IH
6C9=6GBDJG7JH>C:HH
$5?7?>18-@10@;1:B5>;:91:@-8?;/5-8-:03;B1>:-:/15??A1?
637+>/-2+81/+8./.6/13=6+>3@/+8.99-637+>/-2+81/7+C+.@/<=/6C37:+->9?<,?=38/==
.=:G:>H>C8G:6H>C<8DC8:GCI=6I6H:>CC8G:6H:98DC8:CIG6I>DCD;86G7DC
9>DM>9:6C9DI=:GCI=:6IBDHE=:G:L>AA86JH:H>;>86CI8=6C<:H>CL:6I=:GE6II:GCH6GDJC9I=:C8G:6H:>CI=:;G:FJ:C8N
H:K:G>IN
6C99JG6I>DCD;:MIG:B:L:6I=:G8DC9>I>DCH6C9C6IJG6A9>H6HI:GH
6C9L6I:GH86G8>IN
6C9EDDGL6I:GFJ6A>IN.=:H::K:CIH8DJA969K:GH:AN>BE68II=:8JAI>K6I>DCD;8DIIDC
L=>8=>H6@:NG:HDJG8:>CI=:
EGD9J8I>DCD;DJGEGD9J8IH
9>HGJEII=:DE:G6I>DCD;DJGHJEEAN8=6>C6C9I=:EGD9J8I>K>IND;DJG8DCIG68IB6CJ;68IJG:GH

>C8G:6H:DJGEGD9J8I>DC8DHIH
>BEDH:86E68>ING:HIG6>CIH6C9>BE68II=:INE:HD;6EE6G:AEGD9J8IHI=6I8DCHJB:GHEJG8=6H:
.=:H::K:CIH8DJA96AHD8DBEDJC969K:GH::8DCDB>88DC9>I>DCH6C9>BE68I8DCHJB:G8DC;>9:C8:6C99>H8G:I>DC6GN
HE:C9>C<H6G:HJAI
I=::;;:8IHD;8A>B6I:8=6C<:8DJA9=6K:6ADC<I:GB69K:GH:>BE68IDCDJG7JH>C:HH6C9G:HJAIHD;
DE:G6I>DCH#CB6CN8DJCIG>:H
:H6G::C68I>CI>DC6AA:<>HA6I>DC6C9G:DCHIDG:9J8:DG
B>I><6I:I=:EDI:CI>6A>BE68IHD;8A>B6I:8=6C<:#;L:
DJGHJEEA>:GH
DGDJG8DCIG68IB6CJ;68IJG:GH6G:G:FJ>G:9ID8DBEAN
L>I=I=:H:A6LH6C9G:DCH
DG>;L:8=DDH:IDI6@:KDAJCI6GNHI:EHIDG:9J8:DGB>I><6I:DJG>BE68IDC8A>B6I:8=6C<:

L:B6N:ME:G>:C8:>C8G:6H:98DHIH;DG:C:GDC
IG6CHEDGI6I>DC
6C9G6LB6I:G>6AH
>C8G:6H:986E>I6A:ME:C9>IJG:H

DG>C8G:6H:9>CHJG6C8:EG:B>JBH6C99:9J8I>7A:H
L=>8=8DJA969K:GH:AN>BE68IDJGDE:G6I>DCH#C8DCH>HI:C8ND;A:<>HA6I>DC
6C9G:DCH6BDCH9>8I>DCHB6N6AHD6;;:8II=:8DHIHD;8DBEA>6C8:L>I=HJ8=A6LH6C9G:DCHCN6HH:HHB:CI
D;I=:EDI:CI>6A>BE68ID;;JIJG:8A>B6I:8=6C<:A:<>HA6I>DC
G:DCHDG>C9JHIGNHI6C96G9H
6HL:AA6H6CN>CI:GC6I>DC6A
IG:6I>:H6C9688DG9H
>HJC8:GI6>C<>K:CI=:L>9:H8DE:D;EDI:CI>6AG:CI=:8DJCIG>:H>CL=>8=L:DE:G6I:
8-38C0<9738@/=>9<=+8.9>2/<=+6=9-3+619@/<8+8-/9<=?=>+38+,363>C
3/=-9?6.38+..3>398+6-9=>=9<<3=5=+8.+.@/<=/6C37:+->9?<+>398/7:69C///8>398+8.
A3663818/==90-?=>97/<=+8.=?::63/<=>9.9,?=38/==A3>2?=
#CK:HIDG6C9EDA>I>86A69KD868NC>CHI>IJI>DC6A>CK:HIDGH
>CK:HIB:CI;JC9H
DI=:GB6G@:IE6GI>8>E6CIH

HID8@=DA9:GH
6C98JHIDB:GH=6K:;D8JH:9>C8G:6H>CGDCB:CI6A
HD8>6A6C98:HD;
8DBE6C>:H
>C8AJ9>C6I:9L>I=8A>B6I:8=6C<:6C9HD8>6AG:HEDCH>7>A>IN.=:H:E6GI>:H=6K:EA68:9>C8G:6H:9
>BEDGI6C8:DCI=:>BEA>86I>DCHD;I=:HD8>6A8DHID;I=:>G>CK:HIB:CIH6C99>H8ADHJG:D;I=:>G-!EG68I>8:H#;DJG-!
EG68I>8:H9DCDIB::I8JHIDB:G
>CK:HIDG
:BEADN::
DGDI=:GHI6@:=DA9:G:ME:8I6I>DCHDG9DCDI6A>I=I=:>GDE>C>DCHDG
K6AJ:H
DJG7G6C9
G:EJI6I>DC
:BEADN::G:I:CI>DC
6C97JH>C:HHB6N7:C:<6I>K:AN>BE68I:9CNHJHI6>C67>A>INDG>BE68I
G:EDGII=6IL:EJ7A>H=DGDI=:G-!9>H8ADHJG:HL:B6@:B6N>C8AJ9:DJGEDA>8>:H
EG68I>8:H
:IND;
HD8>6A6C9:I=>86AB6II:GH
>C8AJ9>C<8DGEDG6I:GDCB:CI6A8DBEA>6C8:
:BEADN::=:6AI=6C9H6;:INEG68I>8:H



=JB6C86E>I6AB6C6<:B:CI
EGD9J8IFJ6A>IN
HJEEAN8=6>CB6C6<:B:CI
6C9LDG@;DG8:>C8AJH>DC6C98DBEDH>I>DC#I>H
EDHH>7A:I=6IHI6@:=DA9:GHB6NCDI7:H6I>H;>:9L>I=DJG-!EDA>8>:H
EG68I>8:H
C8AJ9>C<=DLL:9:H8G>7:
6C9G:EDGIDJG-!8:H
6C9I=>H8DJA9G:9J8:9:B6C9;DGDJGEGD9J8IHDGA:69IDG:8IDJG67>A>INIDB6G@:I6C9H:AADJGEGD9J8IH1:8DJA96AHD>C8JG699>I>DC6A8DHIH6C9G:FJ>G:
699>I>DC6AG:HDJG8:HIDBDC>IDG
G:EDGI
6C98DBEANL>I=K6G>DJH-!EG68I>8:HAHD
DJG;6>AJG:
DGE:G8:>K:9;6>AJG:
IDB::I
I=:C8AJ9:9>C6CNHJHI6>C67>A>IN9>H8ADHJG:8DJA9C:<6I>K:AN>BE68IDJGG:EJI6I>DC
:BEADN::G:I:CI>DC
6C9
I=:L>AA>C:GHID9D7JH>C:HHL>I=JH
$5?7?>18-@10@;38;.-81/;:;95/<;85@5/-8-:0>13A8-@;>E/;:05@5;:?
8/-98973-?<8:/<39.=903806+>3989+38>C389?<5/C7+<5/>=7+C
+.@/<=/6C+00/->-98=?7/<.3=-398+=
'6CND;DJGEGD9J8IHB6N7:8DCH>9:G:99>H8G:I>DC6GN>I:BH;DG8DCHJB:GH-DB:D;I=:;68IDGHI=6IB6N>C;AJ:C8:
8DCHJB:GHE:C9>CH8G:I>DC6GN>I:BH>C8AJ9:<:C:G6A:8DCDB>88DC9>I>DCH
=><=A:K:AHD;JC:BEADNB:CI
E6C9:B>8H

=><=:G8DCHJB:G9:7IA:K:AH
G:9J8I>DCH>CC:ILDGI=76H:9DCB6G@:I9:8A>C:H6C9JC8:GI6>CIN
=DB:;DG:8ADHJG:H6C9
G:9J8I>DCH>C=DB:K6AJ:H
;AJ8IJ6I>C<>CI:G:HI6C9;DG:>I6K6>A67>A>IN
INB:6HJG:H
;AJ8IJ6I>C<;J:A6C9DI=:G:C:GC<8DBBD9>INEG>8:H
>C;A6I>DC6GNEG:HHJG:
I6MG6I:H6C9
<:C:G6AJC8:GI6>CING:<6G9>C8:CK>GDCB:CI!AD76A:8DCDB>88DC9>I>DCH6G:JC8:GI6>C6C9
KDA6I>A:
9J:>CE6GIIDI=:EDI:CI>6A>BE68IHD;>C8G:6H>C<>C;A6I>DC
I=:EDI:CI>6A>BE68IHD;<:DEDA>I>86AJC8:GI6>CI>:H
6C96CN
EDI:CI>6AH6C8I>DCH
G:HIG>8I>DCHDGG:HEDCH:HIDI=DH:8DC9>I>DCH DG:M6BEA:
I=:*,B6G@:IEG:H:CIH6CJB7:GD;G>H@H

>C8AJ9>C<8=6C<:H>CA6LH6C9G:DCH
8JGG:C8N;AJ8IJ6I>DCH
>C8G:6H:98DBE:I>I>DC
6C98=6C<:H>C:8DCDB>88DC9>I>DCH

>C8AJ9>CH@D;6C:8DCDB>89DLCIJGCDGG:8:HH>DC
IG69::B76G8I>DCHDGDI=:G76GG>:GH
6HL:AA6HDI=:G
8DC9>I>DCHI=6IB6N69K:GH:AN>BE68I8DCHJB:GHE:C9>C<
6CND;L=>8=8DJA986JH:JHID;6>AID68=>:K:6CI>8>E6I:988DC9>I>DCH8DCI>CJ:ID7:KDA6I>A:DG:8DCDB>8JC8:GI6>CING:B6>CH
IG:C9H>C8DCHJB:G9>H8G:I>DC6GN
HE:C9>C<6AHDG:B6>CJCEG:9>8I67A:6C9HJ7?:8IIDG:9J8I>DCH9J:ID8G:9>I8DCHIG6>CIH6C9JC8:GI6>CI>:H67DJII=:;JIJG:
/C;6KDG67A::8DCDB>88DC9>I>DCHB6NA:698DCHJB:GHID9:A6NDGG:9J8:EJG8=6H:HD;DJGEGD9J8IHDCHJB:G9:B6C9;DG
DJGEGD9J8IHB6NCDIG:68=DJGI6G<:IH
DGB6N9:8A>C:
L=:CI=:G:>H6C:8DCDB>89DLCIJGCDG:8DCDB>8JC8:GI6>CIN>CDJG
@:NB6G@:IH)JGH:CH>I>K>INID:8DCDB>88N8A:H6C96CNG:A6I:9;AJ8IJ6I>DC>C8DCHJB:G9:B6C9B6N=6K:6B6I:G>6A69K:GH:
:;;:8IDCDJG;>C6C8>6A8DC9>I>DC
69,+6/-98973-+8.:963>3-+6-98.3>398=-9?6.+.@/<=/6C37:+->9?<=909:/<+>398=
/C8:GI6>CDG8=6AA:C<>C<86C9EDA>I>86A8DC9>I>DCH8DJA9>BE68IDJGE:G;DGB6C8:
>C8AJ9>CA>INID
HJ88:HH;JAAN:ME6C9>CI:GC6I>DC6AAN!AD76A:8DCDB>88DC9>I>DCH8DJA9>BE68IA:K:AHD;8DCHJB:GHE:C9>C<>CI=:B6G@:IH>C
L=>8=L:DE:G6I:
L=>8=8DJA9>BE68IDJGH6A:H6C9EGD;>I67>A>IN*DA>I>86AJCG:HI
HJ8=6HI=:IJGBD>AG:A6I:9ID8JGG:CI
<:DEDA>I>86A:K:CIH6C9I=:G:A6I:9H6C8I>DCH
G:HIG>8I>DCH
DGDI=:GG:HEDCH:H
8DJA9C:<6I>K:AN>BE68IDJGC<
6C969K:GH:AN>BE68IDJG7JH>C:HH6C9G:HJAIHD;DE:G6I>DCH
(/7+C,/?8+,6/>9=9?<-/+8.=/669?<7/<-2+8.3=/:<903>+,6C9<+>+66308/A><+./<3->398=+381
<3->398=,/-97/79I:9-I6I:H6C9I=:8DJCIG>:H>CL=>8=DJGEGD9J8IH6G:EGD9J8:9DGHDA9=6K:>BEDH:96C9B6N>BEDH:
699>I>DC6AFJDI6H
9JI>:H
I6G>;;H
DGDI=:GG:HIG>8I>DCHDGG:DCH
DGB6N69K:GH:AN69?JHIEG:K6>A>C;;
A:K:AH.=:G:HJAIHD;6CN6J9>IHDGG:A6I:99>HEJI:HG:<6G9>C8I>DCHDGG:DCH8DJA9=6K:6C69K:GH::;;:8IDC
DJG;>C6C8>6AHI6I:B:CIH;DGI=:E:G>D9DGE:G>D9H;DGL=>8=I=:6EEA>867A:;>C6A9:I:GB>C6I>DCH6G:B69:DJCIG>:H>BEDH:

BD9>;N
6C9G:BDK:I6G>;;H6C9DI=:GIG69:G:HIG>8I>DCH>CG:HEDCH:ID69>K:GH:6GG6ND;;68IDGH
>C8AJ9>C<DC6A
:8DCDB>86C9EDA>I>86A8DC9>I>DCH
L=>8=B6@:>I>BEDHH>7A:;DGJHIDEG:9>8I;JIJG:9:K:ADEB:CIHG:<6G9>C;;H6C9DI=:G
IG69:G:HIG>8I>DCH.G69:G:HIG>8I>DCH
>C8AJ9>C;;H
8=6C<:HID9:B>C>B>HI=G:H=DA9H
FJDI6H
:B76G8I>DCH
8DJA9>C8G:6H:I=:8DHIDGG:9J8:I=:HJEEAND;EGD9J8IH6K6>A67A:IDJH
8DJA9>C8G:6H:H=>EE>CB:H

DGB6NG:FJ>G:JHIDBD9>;NDJGHJEEAN8=6>CDG<6C>O6I>DCDGDI=:G8JGG:CI7JH>C:HHEG68I>8:H
6CND;L=>8=8DJA9=6GBDJG
7JH>C:HH
;>C6C8>6A8DC9>I>DC
6C9G:HJAIHD;DE:G6I>DCH
1:6G:9:E:C9:CIDC>CI:GC6I>DC6AIG69:6DCH.=:8DJCIG>:H>CL=>8=L:EGD9J8:6C9H:AADJG
EGD9J8IH8DJA9>BEDH:DG>C8G:6H:I6G>;;H
9JI>:H
DGDI=:GH>B>A6G8=6G<:HI=6I8DJA9C:<6I>K:AN6;;:8IDJGG:HJAIHD;
DE:G6I>DCH
;>C6C8>6AEDH>I>DC
DG86H=;ADLH
9K:GH:8=6C<:H>C
DGL>I=9G6L6A;GDB
IG69:6I>86AG:A6I>DCH=>EH7:IL::CI=:/C>I:9-I6I:H6C9I=:
*,
6C696
DGDI=:G8DJCIG>:HL=:G:L:H:AADGHDJG8:DJGEGD9J8IH
8DJA9C:<6I>K:AN>BE68IDJGG:HJAIHD;DE:G6I>DCHDG
86H=;ADLH!:C:G6A<:DEDA>I>86A>CHI67>A>IN6C9I=:G:HEDCH:HID>I
HJ8=6HI=:EDHH>7>A>IND;H6C8I>DCH
IG69:G:HIG>8I>DCH
6C9


8=6C<:H>CI6G>;;H
>C8AJ9>CDCH6<6>CHII=:*,
I6G>;;H>BEDH:97NI=:/C>I:9-I6I:H6C9I=:*,
6C9I=:EDHH>7>A>IND;
699>I>DC6AI6G>;;HDGDI=:GIG69:G:HIG>8I>DCH
8DJA969K:GH:AN>BE68IDJG7JH>C:HH#I>HEDHH>7A:I=6I;JGI=:GI6G>;;HB6N7:
>CIGD9J8:9DG>C8G:6H:9-J8=8=6C<:H8DJA969K:GH:AN>BE68IDJG7JH>C:HH6C98DJA9>C8G:6H:I=:8DHIHD;HDJG8>C:H
DG8DJA9G:FJ>G:JHIDHDJG8:DJGEGD9J8IH;GDB9>;;:G:CI8DJCIG>:H.=:
/N<=JG DG8:9&67DG*G:K:CI>DC8I6C9DI=:GH>B>A6GA:<>HA6I>DCB6NA:69IDC8DBEA>6C8:8DHIH6C9
9:A6NHIDJH6C9IDDJGK:C9DGH
2+81/=38>+B6+A=93-3:+>/.>+B63+,363>3/=-9?6.+.@/<=/6C+00/->9?3@/38-97/>+B<+>/+8.:<903>+,363>C
1:6G:HJ7?:8IIDI=:>C8DB:I6MA6LHD;I=:/C>I:9-I6I:H
6C696
6C9H:K:G6ADI=:G>CI:GC6I>DC6A?JG>H9>8I>DCH)JG
:;;:8I>K:>C8DB:I6MG6I:H8DJA97:JC;6KDG67AN>BE68I:97N6CJB7:GD;;68IDGH
>C8AJ9>C<8=6C<:H>CI=:B>MD;:6GC>C:HL>I=9>;;:G>CCI=:K6AJ6I>DCD;9:;:GG:9I6M6HH:IH6C9A>67>A>I>:H
8=6C<:H>C
I6MA6LH
C:LI6M>CI:GEG:I6I>DCH6C996C8:
I=:DJI8DB:D;>C8DB:I6M6J9>IH>CK6G>DJH?JG>H9>8I>DCH6GDJC9I=:LDGA9

6C96CNG:E6IG>6I>DCD;JCG:B>II:9:6GC>C8=L:=6K:CDIEG:K>DJHAN688GJ:96EEA>867A:/->C8DB:I6M:H6C9
>CI:GC6I>DC6AL>I==DA9>C6I>DCH;GDBDJG6C69>6CHJ7H>9>6G>:H6G:CDIHJ7?:8IID6C69>6CL>I==DA9>C;HJ8=9>HIG>7JI>DCH6G:
B69:6H6G:IJGCD;86E>I6A.=::MI:CIIDL=>8=I=:688JBJA6I:9:6GC>C6CHJ7H>9>6G>:H86C7:G:E6IG>6I:96H
6G:IJGCD;86E>I6A>H9:E:C9:CIDC
6BDCC9JE86E>I6A>CDJG6C69>6CHJ7H>9>6G>:H6C9
IG6CH68I>DCHJC9:GI6@:C7NDJG:M8=6C<:67A:H=6G:=DA9:GH
*G>DGID
L:=69CDI688GJ:9;DG6C69>6CL>I==DA9>CCCK:HIB:CI>C
DJG6C69>6CHJ7H>9>6G>:HL6H:>I=:G>C9:;>C>I:ANG:>CK:HI:9DG8DJA97:G:E6IG>6I:96H6G:IJGCD;86E>I6A
L>I=DJII=:E6NB:CID;L>I==DA9>CC8:
I=:C:I>CK:HIB:CI>CDJG6C69>6CHJ7H>9>6G>:H
L=>8=L6HCDI>C9:;>C>I:ANG:>CK:HI:9
:M8::9:9I=:E6>9
JE86E>I6A6C9I=:G:;DG:L:G:8DO:96C69>6CL>I==DA9>CDCD;DJGC:I>CK:HIB:CIL=>8=L:6G:JC67A:
IDG:E6IG>6I:;G::D;L>I==DA9>CCDCH7NDJG:M8=6C<:67A:H=6G:=DA9:GH
L:L>AA8DCI>CJ:IDG:8DO:
6C69>6CL>I==DA9>CC6CHJ7H>9>6G>:HL=>8=6G:CDI>C9:;>C>I:ANG:>CK:HI:9
1::C<6<:>C6CJB7:GD;>CI:G8DBE6CNIG6CH68I>DCH68GDHHBJAI>EA:I6M?JG>H9>8I>DCHAI=DJ<=L:7:A>:K:I=6II=:H:
IG6CH68I>DCHG:;A:8II=:688JG6I::8DCDB>86AAD86I>DCD;EGD;>I6C9I=6IEGDE:GIG6CH;:GEG>8>C<9D8JB:CI6I>DC>H>CEA68:
I=:
EGD;>I6AAD86I>DC6C9IG6CH;:GEG>8>CI>DCHB6N7:H8GJI>C>O:97NAD86AI6M6JI=DG>I>:H9JG>C<6C6J9>I6C96CN
G:HJAI>C<8=6C<:HB6N>BE68IDJGB>MD;:6GC>CC8DJCIG>:HL>I=9>;;:G>C8>C<GG6C<:B:CI*L>I=I=:#CI:GC6A,:K:CJ:-:GK>8:6C9I=:6C696,:K:CJ:<:C8N:ME>G:9.=>H*
HI>EJA6I:9I=:6AAD86I>DCD;8:GI6>CEGD;>IH7:IL::CI=:/-6C96C6961:6G:8JGG:CIAN>CI=:EGD8:HHD;C:6I>CH6GG6C<:B:CI6C9I=:;>C6A6I>DCHI=:G:D;8DJA9>BE68IDJG:;;:8I>K:I6MG6I:
JGG:CI:8DCDB>86C9EDA>I>86A8DC9>I>DCHB6@:I6MGJA:H>C6CN?JG>H9>8I>DC
>C8AJ9>CI:9-I6I:H6C96C696
HJ7?:8I
IDH>;>86CI8=6C<:=6C<:H>C6EEA>867A:/-
6C69>6C
DGDI=:G>CI:GC6I>DC6AI6MA6LH6C9G:DCH
DGI=:>G
>CI:GEG:I6I>DC6C96EEA>86I>DC
>C8AJ9>C7>A>IND;G:IGD68I>K::;;:8I
8DJA96;;:8IDJG>C8DB:I6M:ME:CH:6C9
EGD;>I67>A>IN
6HI=:N9>9>C;>H86A6C9;>H86AJEDCE6HH6<:D;I=:/-.6MJIH6C9$D7H8I
6C9>CL>I=I=:
E6HH6<:D;I=:DGDC6K>GJH>9
,:A>:;
6C98DCDB>8-:8JG>IN8I:GI6>CEGDK>H>DCHD;I=:#C;A6I>DC,:9J8I>DC8IE6HH:9>C

>C8AJ9>C<68DGEDG6I:6AI:GC6I>K:B>C>BJBI6M
6HL:AA6HI=:H>B>A6GC>BJBI6MJC9:GI=:
)G<6C>O6I>DC;DG8DCDB>8DDE:G6I>DC6C9:K:ADEB:CIH*>AA6G.LD!AD76ACI>6H:GDH>DC,JA:H
B6N>BE68IDJG>C8DB:
I6M:ME:CH:
EGD;>I67>A>IN
6C986E>I6A6AAD86I>DC9:8>H>DCH>CI=:;JIJG:
 ?<0+36?9-97:6CA3>2><+./+8.9>2/<398=-9?6.6/+.>938@/=>31+>398=9<+->398=,C19@/<87/8>9<=
+8.8/1+>3@/:?,63-3>C
.=:A67:A>C<
9>HIG>7JI>DC
>BEDGI6I>DC
B6G@:I>C<
6C9H6A:D;DJGEGD9J8IH
6HL:AA6H8DBEDC:CIHD;DJGEGD9J8IH

>C8AJ9>C<8=:B>86AH
6G:HJ7?:8IID:MI:CH>K:G:DC7NK6G>DJHG::H.=:H:>C8AJ9:;:9:G6A6<:C8>:HHJ8=6H
I=: :9:G6A.G69:DBB>HH>DC
DCHJB:G*GD9J8I-6;:INDBB>HH>DC6C9HI6I:6IIDGC:NH<:C:G6A>CI=:/C>I:9-I6I:H
I=:
DBE:I>I>DCJG:6J6C9":6AI=6C696>C6C696
I=:-I6I:9B>C>HIG6I>DC;DG'6G@:I,:DCD;I=:*,
!:C:G6A
9B>C>HIG6I>DCD;JHIDBHD;I=:*,
6HL:AA6HDI=:G;:9:G6A
HI6I:
EGDK>C8>6A
AD86A
6C9>CI:GC6I>DC6AG:I>:H
>CI=:8DJCIG>:H>CL=>8=DJGEGD9J8IH6G:9>HIG>7JI:9DGHDA9)JG67>A>INIDIG68@6C9G:HEDC9IDG:DCHB6NCDI7:
HJ;;>8>:CIIDB::II=:>C8G:6H:9CJB7:G6C98DBEA:M>IND;G:DCHL:6G:HJ7?:8IIDAID8DBEANL>I=6CN
D;I=:H:G:DCH
L:8DJA97:8DB:HJ7?:8IID:C;DG8:B:CI68I>DCHDGI=:>BEDH>I>DCD;H>;>86CIE:C6AI>:HDG8A6>BH

L=>8=8DJA9=6GBDJGG:HJAIHD;DE:G6I>DCHDGDJG67>A>INID8DC9J8IDJG7JH>C:HH#C699>I>DC
6CN6J9>IH6C9>CHE:8I>DCH7N
:HG:A6I:9IDI=:H:B6II:GH8DJA9G:HJAI>CH>;>86CIH:IIA:B:CI6BDJCIH
96B6<:H
;>C:H
DGDI=:G


E:C6AI>:H
9>K:GI;>C6C8>6A6C9B6C6<:B:CIG:HDJG8:H
6C9G:HJAI>CH>;>86CIA:<6A;::HCJC;6KDG67A:DJI8DB:D;6CN
E6GI>8JA6GEGD8::9>C<8DJA9=6K:6C69K:GH:>BE68IDCDJG7JH>C:HH
;>C6C8>6A8DC9>I>DC
6C9G:HJAIHD;DE:G6I>DCH#C699>I>DC

I=:69DEI>DCD;C:LG:DCHDG8=6C<:H>CI=:>CI:GEG:I6I>DCD;:M>HI>CDCH
DG8=6C<:H>C8DCHJB:GE:G8:EI>DCH
D;I=:8DBEDC:CIHD;DJGEGD9J8IH
B6NG:HJAI>CH>;>86CI8DBEA>6C8:8DHIHDG9>H8DCI>CJ6I>DCD;EGD9J8IH6A:H6C98DJA9
>BE6>GI=:B6G@:I>CC<>CH>;>86CIADHHD;C:IG:K:CJ:
)JG>CI:GC6I>DC6ADE:G6I>DCH6G:6AHDHJ7?:8IID8DBEA>6C8:L>I=I=:/- DG:>8:H8I *6C9
DI=:G6CI>7G>7:GNA6LH6EEA>867A:IDDJGDE:G6I>DCH#CB6CN8DJCIG>:H
E6GI>8JA6GAN>CI=DH:L>I=9:K:ADE>C<:8DCDB>:H
>I
B6N7:6AD86A8JHIDBI=6I7JH>C:HH:HDE:G6I>C<>CHJ8=8DJCIG>:H:C<6<:>C7JH>C:HHEG68I>8:HI=6I6G:EGD=>7>I:97NI=:
 *DGDI=:G/-6C9>CI:GC6I>DC6AA6LH6C9G:DCH6EEA>867A:IDJHHL::ME6C9DJGDE:G6I>DCH68GDHHBJAI>EA:
?JG>H9>8I>DCH
L:8DJA97:HJ7?:8IID8DC;A>8I>C;;:G>C<8DCHJB:GH:CI>B:CIDC6EEA>86I>DCD;A6LH
I=6I8DJA9A:69
IDCDC8DBEA>6C8:L=>8=8DJA9=6K:6C69K:GH::;;:8IDCDJGDE:G6I>DCHAI=DJ<=L:=6K:>BEA:B:CI:9EGD8:9JG:H
9:H>6C8:L>I=I=: *6C9H>B>A6GA6LH
HDB:D;DJG:BEADN::H
6<:CIH
DGDI=:GE6GIC:GH
6HL:AA6H
I=DH:8DBE6C>:HIDL=>8=L:DJIHDJG8:8:GI6>CD;DJG7JH>C:HHDE:G6I>DCH
8DJA9I6@:68I>DCH>CK>DA6I>DCD;DJGEDA>8>:HCN
HJ8=K>DA6I>DC8DJA9=6K:6B6I:G>6A6C969K:GH::;;:8IDCDJG7JH>C:HH
HL::ME6C9>CI:GC6I>DC6AAN
L:6G:HJ7?:8IID8DBEA:M:BEADN::G:DCH
6C9>;L:;6>AID8DBEANL>I=I=:H:
G:DCH
L:8DJA97:HJ7?:8IID:C;DG8:B:CI68I>DCHDGC:<6I>K::BEADN::G:A6I>DCHL=>8=8DJA9=6GBDJGG:HJAIHD;
DE:G6I>DCH
/-+?=/+=318303-+8>:9<>398909?<8/>/.38-9?8><3/=9>2/<>2+8>2/&83>/.$>+>/=
06?->?+>398=3809/=2+@/+00/->/.9?<=909:/<+>398=+8.7+C-98>38?/>9.9=938>2/
0?>?DC6A8JGG:C8ND;DJG>CI:GC6I>DC6AHJ7H>9>6G>:H>H<:C:G6AANI=:6EEA>867A:AD86A8JGG:C8N)JG8DCHDA>96I:9
;>C6C8>6AHI6I:B:CIH6G:EG:H:CI:9>C/-9DAA6GH.=:G:;DG:
I=:C:IG:K:CJ:
:ME:CH:H
6HH:IH
6C9A>67>A>I>:HD;DJG
>CI:GC6I>DC6AHJ7H>9>6G>:H6G:IG6CHA6I:9;GDBI=:>G;JC8I>DC6A8JGG:C8>:H>CID/-9DAA6GH AJ8IJ6I>DCH>CI=:K6AJ:D;I=:/-
9DAA6G6;;:8II=:G:EDGI:96BDJCIHD;C:IG:K:CJ:
:ME:CH:H
6HH:IH
6C9A>67>A>I>:H DG:>;;:G:C8:H
L=>8=6G>H:DCIG6CHA6I>DCD;DJG>CI:GC6I>DC6AHJ7H>9>6G>:H76A6C8:H=::IH>CID/-9DAA6GH6G:G:8DG9:96HDI=:G
8DBEG:=:CH>K:>C8DB:ADHH
C:ID;I6M>C688JBJA6I:9DI=:G8DBEG:=:CH>K:>C8DB:DGADHHL>I=>CHID8@=DA9:GH:FJ>IN
1:6AHD=6K::MEDHJG:ID8=6C<:H>C;DG:>6I:9L>I=IG6CH68I>DCHL=>8=6G:
JC9:GI6@:C7NDJGHJ7H>9>6G>:H>C8JGG:C8>:HDI=:GI=6CI=:>G;JC8I>DC6A8JGG:C8N-J8=IG6CH68I>DCH>C8AJ9:>CI:G8DBE6CN
IG6CH68I>DCH6C9>CK:CIDGNEJG8=6H:H9:CDB>C6I:9>C8JGG:C8>:HDI=:GI=6CI=:;JC8I>DC6A8JGG:C8ND;I=:EJG8=6H>C<:CI>IN
H6G:HJAI
L:=6K:7::C>BE68I:97N8=6C<:H>C;DG:>BE68I:9;DGI=:;DG:H::67A:
;JIJG:.=:EDI:CI>6A>BE68ID;8JGG:C8N;AJ8IJ6I>DC>C8G:6H:H6HDJG>CI:GC6I>DC6A:ME6CH>DC>C8G:6H:H
AI=DJ<=L:JH:;>C6C8>6A>CHIGJB:CIHID=:9<:8:GI6>C;DG:>H@H
I=:H:B:6HJG:HB6NCDIHJ88::9>C;JAAN
D;;H:II>CK:>BE68ID;;DG:>IG:A6I:9ADHH:H>CI=::K:CID;CDCE:G;DGB6C8:7NI=:8DJCI:GE6GI>:HID;DGL6G98JGG:C8N
8DCIG68IHJH:9>CDJG=:9<>C:H
 ?<038+8-3+6-98.3>398-9?6.,/+.@/<=/6C+00/->/.,C169,+69<2/@/8>==?-2+=>2/ '	:+8./73-+8.
/.19@/<87/8>:<3@+>/=/->9<+8.38.3@3.?+6-98=?7/<398=
.=:)0#E6C9:B>8C:<6I>K:AN>BE68I:9I=:HGJEI:98DCHJB:GHE:C9>C<6C9CH
6C98G:6I:9H>;>86CIKDA6I>A>IN6C99>HGJEI>DCD;;>C6C8>6AB6G@:IH.=:)0#E6C9:B>86C9G:A6I:9K6I:H:8IDG
6C9>C9>K>9J6A8DCHJB:GG:HEDCH>K:68I>DCHC:<6I>K:AN>BE68I:9DJG7JH>C:HHDE:G6I>DCH
HIDG:IG6;;>8

:BEADN::6K6>A67>A>IN
HJEEAN8=6>C
;>C6C8>6A8DC9>I>DC
A>FJ>9>IN
6C986H=;ADLH
.=:D88JGG:C8:DGG:HJG<:C8:D;DC6A=:6AI=:K:CIHHJ8=6HI=:)0#E6C9:B>8
6C9I=:G:A6I:9
K6I:H:8IDG6C9>C9>K>9J6A8DCHJB:GG:HEDCH:H
8DJA98DCIG>7JI:ID6G:8:HH>DC
9:EG:HH>DC
DG89DLCIJGC
G:9J8:HIDG:IG6;;>86C98DCHJB:GHE:C9>C<
G:HJAI>CI:BEDG6GNDGE:GB6C:CI8ADHJG:HD;G:I6>A
AD86I>DCH
D;;>8:H
6C9;68IDG>:H
6C98DJA9C:<6I>K:AN>BE68II=:;ADLD;8>6AHID
>BEDH:G:HIG>8I>DCH6C9G:8DBB:C9EG:86JI>DCHIDB>I><6I:I=:=:6AI=8G>H>HHJ8=6HI=:I:BEDG6GN8ADHJG:D;DJGHIDG:H

A>B>I6I>DCHDCI=:CJB7:GD;CDJGHIDG:H6I6CNH>CB:
B>C>BJBE=NH>86A9>HI6C8>CG:B:CIH
6C9
A>B>I:9DE:G6I>C<=DJGH=:6AI=:K:CIHJ8=6HI=:)0#E6C9:B>88DJA96AHDC:<6I>K:AN>BE68IDJG:BEADN::H
C<8DCHJB:GL>AA>CH>IHIDG:H
B6AAH
6C9A>;:HINA:8:CI:GH
6C9:BEADN::L>AA>CDC6A=:6AI=:K:CIB6N6AHD86JH:ADC<I:GB8=6C<:HID8DCHJB:GH=DEE>C<7:=6K>DG
EG:;:G:C8:H6C9
9:B6C9;DGDJGEGD9J8IHI=6IB6N=6K:6B6I:G>6A69K:GH::;;:8IDCDJG7JH>C:HH


DC6A=:6AI=:K:CIHJ8=6HI=:)0#E6C9:B>88DJA9H>;>86CIAN6C969K:GH:AN>BE68IDJGHJEEAN
8=6>C>;I=:;68IDG>:HI=6IB6CJ;68IJG:DJGEGD9J8IH
I=:9>HIG>7JI>DC8:CI:GHL=:G:L:B6C6<:DJG>CK:CIDGN
DGI=:
DE:G6I>DCHD;DJGAD<>HI>8H6C9DI=:GH:GK>8:EGDK>9:GH6G:9>HGJEI:9
I:BEDG6G>AN8ADH:9
DG:ME:G>:C8:LDG@:GH=DGI6<:H
$5?7?>18-@10@;5:@1881/@A-8<>;<1>@E
 ?<0+,<3-=+8.7+8?0+->?<381>/-289691C1/8/<+66C+:+>/8>/.+8.-+8,/373>+>/.,C9?<-97:/>3>9<=09?<
-97:/>3>9<==/66:<9.?->==3736+<>99?<=+>69A/<:<3-/=9?<8/>+,363>C-9?6.=?00/<
.=:>CI:AA:8IJ6AEGDE:GING><=IH>CI=:I:8=CDAD8H
6C9EGD8:HH:HJH:9IDB6CJ;68IJG:DJGEGD9J8IH<:C:G6AAN
6G:DLC:9DG8DCIGDAA:97NDJGHJEEA>:GH6C96G:<:C:G6AANCDIJC>FJ:IDJH)JG67>A>INIDD7I6>C>CI:AA:8IJ6AEGDE:GIN
EGDI:8I>DC;DGDJGEGD9J8IH>HI=:G:;DG:A>B>I:91:=DA9A>B>I:9E6I:CIH6C9:M8AJH>K:>CI:AA:8IJ6AEGDE:GING><=IH>CI=:
I:8=CDAD8HDGEGD8:HH:HJC9:GAN>CIDGH6G:67A:ID
B6CJ;68IJG:6C9H:AAEGD9J8IHL>I=E:G;DGB6C8:8=6G68I:G>HI>8H
;67G>8H6C9HINA>CB>A6GIDDJGEGD9J8IH:86JH:B6CND;
DJG8DBE:I>IDGH=6K:H>;>86CIANC6C8>6A
9>HIG>7JI>DC
B6G@:I>C<
6C9DI=:GG:HDJG8:HI=6CL:9D
I=:NB6N7:
67A:IDB6CJ;68IJG:6C9H:AAEGD9J8IH76H:9DCDJG;67G>8H6C9B6CJ;68IJG>C8:HI=6CL:86C#;DJG
8DBE:I>IDGHH:AAEGD9J8IHH>B>A6GIDDJGH6IADL:GEG>8:H
DJGC:IG:K:CJ:6C9EGD;>I67>A>IN8DJA9HJ;;:G
 ?<0+36?C>9:<9>/->9?<38>/66/->?+6:<9:/<>C<312>=-9?6..37383=2>2/@+6?/909?<,<+8.+8.A/+5/89?<
-97:/>3>3@/:9=3>398
1:8JGG:CIANG:ANDC68DB7>C6I>DCD;E6I:CI
8DENG><=I
IG69:B6G@
IG69:9G:HH
IG69:H:8G:I
6C9JC;6>G8DBE:I>I>DC
A6LH
6HL:AA6H8DC;>9:CI>6A>INEGD8:9JG:H6C9A>8:CH>C<6GG6C<:B:CIH
ID:HI67A>H=6C9EGDI:8IDJG>CI:AA:8IJ6AEGDE:GIN
G><=IH.=:HI:EHL:I6@:IDEGDI:8IDJG>CI:AA:8IJ6AEGDE:GING><=IHB6NCDI7:69:FJ6I:IDEG:K:CI>C;G>C<:B:CID;I=:H:
G><=IH7NDI=:GH
>C8AJ9>C<>B>I6I>DCD;DJGEGD9J8IH6C9B>H6EEGDEG>6I>DCD;DJG7G6C9#C699>I>DC
6CND;DJG>CI:AA:8IJ6A
EGDE:GING><=IHB6N7:8=6AA:C<:9
L=>8=8DJA9G:HJAI>CI=:B7:>CCH8DE:DG9:8A6G:9>CK6A>9DGJC:C;DG8:67A:

DGDJG>CI:AA:8IJ6AEGDE:GINEGDI:8I>DCB6N7:JC6K6>A67A:DGA>B>I:9>CHDB:>CI:GC6I>DC6A8DJCIG>:HL=:G:A6LHDGA6L
:C;DG8:B:CIEG68I>8:HB6NCDIEGDI:8IDJG>CI:AA:8IJ6AEGDE:GING><=IH6H;JAAN6H>CI=:/C>I:9-I6I:HDG6C696
6C9>IB6N
7:BDG:9>;;>8JAI;DGJHIDHJ88:HH;JAAN8=6AA:C<:I=:JH:D;DJG>CI:AA:8IJ6AEGDE:GING><=IH7NDI=:GE6GI>:H>CI=:H:8DJCIG>:H
#;L:;6>AIDEGDI:8I6C9B6>CI6>CDJG>CI:AA:8IJ6AEGDE:GING><=IH
I=:K6AJ:D;DJG7G6C98DJA97:9>B>C>H=:9
6C9DJG
8DBE:I>I>K:EDH>I>DCB6NHJ;;:G
 ?<><+./7+<5=:+>/8>=+8.9>2/<:<9:<3/>+=-9?6.:9>/8>3+66C-98063->A3>2>2/<312>=909>2/<=+8.A/7+C,/
:/.0<97=/66381=97/909?<:<9.?->=
)JGHJ88:HH9:E:C9H>CA6G<:E6GIDCDJG7G6C9>B6<:1:7:A>:K:I=6IDJGIG69:B6G@H
E6I:CIH
6C9DI=:GEGDEG>:I6GN
G><=IH=6K:H>;>86CIK6AJ:6C96G:>BEDGI6CIID>9:CI>;N>C<6C99>;;:G:CI>6I>CIDGH
6C98G:6I>C<6C9HJHI6>C>C<9:B6C9;DGDJGEGD9J8IH1:=6K:6EEA>:9;DG6C9D7I6>C:9HDB:/C>I:9-I6I:H
6C696
6C9
>CI:GC6I>DC6AIG69:B6G@G:<>HIG6I>DCH6C9E6I:CIH
6C9L>AA8DCI>CJ:ID:K6AJ6I:699>I>DC6AIG69:B6G@H6C9E6I:CIH6H
6EEGDEG>6I:"DL:K:G
HDB:DG6AAD;I=:H:E:C9>C86I>DCHB6NCDI7:6EEGDK:97NI=:6EEA>867A:
I>:H'DG:DK:G
:K:C>;I=:6EEA>86I>DCH6G:6EEGDK:9
I=>G9E6GI>:HB6NH::@IDDEEDH:DGDI=:GL>H:
8=6AA:C<:I=:H:6EEA>86I>DCHDGG:<>HIG6I>DCH99>I>DC6AAN
L:B6N;68:D7HI68A:H6HL::ME6C9DJGEGD9J8IA>C:6C9I=:
<:D8H8DE:D;DJGH6A:H6C9B6G@:I>C<.=>G9E6GI>:HB6N6HH:GI>CI:AA:8IJ6AEGDE:GIN8A6>BH6<6>CHIJH
E6GI>8JA6GAN6H
L::ME6C9DJG7JH>C:HH6C9I=:CJB7:GD;EGD9J8IHL:D;;:G)JG9:;:CH:D;6CN8A6>B
G:<6G9A:HHD;>IHB:G>I
8DJA97:
:ME:CH>K:6C9I>B:8DCHJB>C<6C98DJA99>K:GIB6C6<:B:CIG:HDJG8:H-J88:HH;JA>C;G>C<:B:CI8A6>BH6<6>CHIJH8DJA9
G:HJAI>CH>;>86CIBDC:I6GNA>67>A>INDGEG:K:CIJH;GDBH:AA>CI>DC
G:HDAJI>DCD;8A6>BHB6N
G:FJ>G:JHIDG:9:H>8:CH:G><=IH;GDBI=>G9E6GI>:H
DG8:6H:JH>C<=IH6AID<:I=:GCND;I=:H:
:K:CIH8DJA9=6GBDJG7JH>C:HH6C986JH:DJGG:HJAIHD;DE:G6I>DCH
A>FJ>9>IN
6C9;>C6C8>6A8DC9>I>DCIDHJ;;:G
(/2+@/,//8+8.38>2/0?>?23<.:+<>3/=09<+66/1/.380<381/7/8>90>2/3<:<9:<3/>+=
.=:G:>H8DCH>9:G67A:E6I:CI6C9DI=:G>CI:AA:8IJ6AEGDE:GIN9:K:ADEB:CI68I>K>IN>CDJGB6G@:I
6C9A>I><6I>DC
76H:9DC
6AA:<6I>DCHD;>C;G>C<:B:CIDGDI=:GK>DA6I>DCHD;>CI:AA:8IJ6AEGDE:GIN
>H;G:FJ:CI>CI=:;>IC:HH6C9I:8=CDADC9JHIG>:H
 JGI=:GBDG:
>I>H8DBBDC;DG>C9>K>9J6AH6C9CI:AA:8IJ6AEGDE:GIN6HH:IH;DGI=:
EJGEDH:D;B6@>C<8A6>BHD;>C;G>C<:B:CIID:MIG68IH:IIA:B:CIH;GDB8DBE6C>:HA>@:DJGH)JGJH:D;I=>G9E6GIN8DCI:CI

>C8AJ9>C88DCI:CI
HD;IL6G:
6C9DI=:G>CI:AA:8IJ6AEGDE:GING><=IHB6N7:HJ7?:8IID8A6>BHD;>C;G>C<:B:CIDG
B>H6EEGDEG>6I>DC1:86CCDICI:GC6AAN9:K:ADE:9DG68FJ>G:9I:8=CDAD<>:H6C98DCI:CI9DCDIDGL>AACDI
>C;G>C<:I=:>CI:AA:8IJ6AEGDE:GING><=IHD;DI=:GH GDBI>B:IDI>B:
DJG8DBE:I>IDGHDGDI=:GI=>G9E6GI>:HB6N8A6>BI=6IL:
6G:>C;G>C<>CH6EEGDEG>6I>CG>CI:AA:8IJ6AEGDE:GING><=IH
6C9L:B6N7:;DJC9ID7:>C;G>C<>C<=IHCN8A6>BHDGA>I><6I>DC8DJA986JH:JHID>C8JGH>;>86CI:ME:CH:H6C9
>;HJ88:HH;JAAN6HH:GI:96<6>CHIJH
8DJA9


G:FJ>G:I=6IL:E6NHJ7HI6CI>6A96B6<:HDGDCCC8:HDG
JH>C<8:GI6>CI:8=CDAD<>:H
;DG8:JHID>BEA:B:CI:ME:CH>K:LDG@6GDJC9H
DG>BEDH:DI=:GJC;6KDG67A:I:GBH1::ME:8I
I=6II=:D88JGG:C8:D;>C;G>C<:B:CI8A6>BH>HA>@:ANIDIC:HHEGD9J8IH6C9H:GK>8:HCIGD9J8:C:L6C9JE96I:9EGD9J8IH6C9D;;:G>CCC<;GDB>C;G>C<:B:CI8A6>BH
8DJA9>C8G:6H:6C9I=>H8DJA9;JGI=:G:M=6JHIDJG;>C6C8>6A6C9B6C6<:B:CIG:HDJG8:HCND;I=:;DG:C<8DJA9EG:K:CIJH
;GDB8DBE:I>C<:;;:8I>K:AN6C98DJA9=6K:6C69K:GH::;;:8IDCDJG7JH>C:HH
;>C6C8>6A8DC9>I>DC
6C9DE:G6I>C18-@10@;813-8-:03;B1>:-:/19-@@1>?
 ?<,?=38/==-9?6.,/8/1+>3@/6C+00/->/.+=+90+->398=90=>9-5296./<=+->3@3=>=9<9>2/<=
1:B6N7:HJ7?:8IID68I>DCHDGEGDEDH6AH;GDBHID8@=DA9:GH
EDA>I>86ADG8DCHJB:G68I>K>HIH
DGDI=:GHI=6IB6NCDI
6A>I=DJG7JH>C:HHHIG6I:<>:HDGI=:>CI:G:HIHD;DJGDI=:GHID8@=DA9:GH8I>K>HB8DJA9>C8AJ9:<:DEDA>I>86A8DC;A>8I
7:IL::CI=:*,6C9DI=:G8DJCIG>:H,:HEDC9>CDCH86C7:8DHIAN6C9I>B:8DCHJB>C<
9>HGJEIDJG7JH>C:HH6C9
DE:G6I>DCH
6C99>K:GII=:6II:CI>DCD;DJG7D6G9D;9>G:8IDGH
B6C6<:B:CI
6C9:BEADN::H;GDBI=:EJGHJ>ID;DJG7JH>C:HH
HIG6I:<>:H-J8=68I>K>I>:H8DJA9>CI:G;:G:L>I=DJG67>A>INID:M:8JI:DJGHIG6I:<>8EA6C-ID8@=DA9:GH
EDA>I>86ADG8DCHJB:G
68I>K>HIH
DGDI=:GHB6N8G:6I:E:G8:>K:9JC8:GI6>CI>:H6HIDI=:;JIJG:9>G:8I>DCD;DJG7JH>C:HHDGHIG6I:8=B6N7:
:MEAD>I:97NDJG8DBE:I>IDGH6C9B6NB6@:>IBDG:9>;;>8JAIID6IIG68I6C9G:I6>CFJ6A>;>:9E:GHDCC:A6C9EDI:CI>6ADCH=>EHL>I=8JGG:CICK:HIDGH
6C9DI=:GI=>G9E6GI>:H#C699>I>DC
6EGDMN8DCI:HI
;DGI=::A:8I>DCD;9>G:8IDGH6IDJG6CCJ6AB::I>CG:JHID>C8JGH>;>86CIA:<6A;::H6C9EGDMNHDA>8>I6I>DC
:ME:CH:H6C9G:FJ>G:H>;>86CII>B:6C96II:CI>DC7NB6C6<:B:CI6C9DJG7D6G9D;9>G:8IDGH.=:E:G8:>K:9JC8:GI6>CI>:H
6HIDDJG;JIJG:9>G:8I>DC6AHD8DJA96;;:8II=:B6G@:IEG>8:6C9KDA6I>A>IND;DJGH:8JG>I>:H
(/+>9:/<39.3--6+37=+8.63>31+>398>2+>-9?6.38?8/B:/->/./B:/8=/=+8.-9?6.?6>37+>/6C,/?=
 GDBI>B:IDI>B:
L:6G:>CKDAK:9>CA>I><6I>DC6C9DI=:GEGD8::9>CC8AJ9>C67>A>IN
8A6>BH
HID8@=DA9:G8A6HH68I>DC6C99:G>K6I>K:8A6>BH
8DBB:G8>6A9>HEJI:H6C9>CI:AA:8IJ6AEGDE:GIN
6HL:AA6HIG69:

G:BHG:A6I:9IDDJG7JH>C:HHCND;I=:H:EGD8::9>CCH>;>86CI
H:IIA:B:CI6BDJCIH
96B6<:H
;>C:H
DGDI=:GE:C6AI>:H
9>K:GI;>C6C8>6A6C9B6C6<:B:CIG:HDJG8:H
6C9G:HJAI>CH>;>86CI
A:<6A;::HCJC;6KDG67A:DJI8DB:D;6CNE6GI>8JA6GEGD8::9>C<8DJA9:M8::9I=:A>B>IHD;DJG>CHJG6C8:EDA>8>:HDGI=:
86GG>:GHB6N9:8A>C:ID;JC9HJ8=;>C6AH:IIA:B:CIH6C9
DG?J9BE68IDCDJG7JH>C:HH

;>C6C8>6A8DC9>I>DC
6C9G:HJAIHD;DE:G6I>DCH#C699>I>DC
6CNEGD8::9>C<8DJA9C:<6I>K:AN>BE68IDJGG:EJI6I>DC6BDCB6<:
8>3>+5/9@/<:<9@3=398=90/6+A+303-+>/9038-9<:9<+>398+8.,C6+A=-9?6../6+C+8..3=-9?<+1/
>+5/9@/<+>>/7:>=>2+>=>9-5296./<=7+C-98=3./<>9,/0+@9<+,6/
:GI6>CEGDK>H>DCHD;DJG8:GI>;>86I:D;>C8DGEDG6I>DC6C97NA6LH6C96EEA>867A:EGDK>H>DCHD;I=::A6L6G:!:C:G6A
DGEDG6I>DC&6LB6NB6@:>IBDG:9>;;>8JAIDG>BEDHH>7A:;DG6I=>G9E6GINID68FJ>G:8DCIGDAD;JHDG:;;:8I68=6C<:>CDJG
7D6G9D;9>G:8IDGH6C9B6C6<:B:CI.=:H:EGDK>H>DCH>C8AJ9:
W
I=:8A6HH>;>86I>DCD;DJG7D6G9D;9>G:8IDGH>CIDI=G::8A6HH:H
L>I=DC:8A6HH:A:8I:9:68=N:6G
W
EGD=>7>I>C<8JBJA6I>K:KDI>C<>CI=::A:8I>DCD;9>G:8IDGH
W
I=:67>A>IND;DJG7D6G9D;9>G:8IDGHID>HHJ:EG:;:GG:9HID8@L>I=DJIHID8@=DA9:G6EEGDK6A
W
I=:67>A>INIDG:BDK:69>G:8IDGDCAN;DG86JH:6C9DCANL>I=I=:KDI:D;I=:=DA9:GHD;6IA:6HI
D;DJGKDI>C<
HID8@
W
6HE:8>6AB::I>CGB6CDG=>:;M:8JI>K:);;>8:G
DGJEDC6G:HDAJI>DC
69DEI:97N6C6;;>GB6I>K:KDI:D;6B6?DG>IND;I=:7D6G9D;9>G:8IDGH
6C9CDI7NDJGHID8@=DA9:GH
W
EGD=>7>I>CDC7NLG>II:C8DCH:CI6C9
W
DJGHID8@=DA9:GHBJHI8DBEANL>I=69K6C8:CDI>8:EGD8:9JG:H>CDG9:GIDCDB>C6I:86C9>96I:H;DG:A:8I>DCIDDJG
7D6G9D;9>G:8IDGHDGIDEA68:HID8@=DA9:GEGDEDH6AHDCI=:6<:C96;DG8DCH>9:G6I>DC6I6CNB::I>CI>DC
L:6G:DCD;I=::A6L6G:!:C:G6ADGEDG6I>DC&6LL=>8=
HJ7?:8IIDHDB:HE:8>;>:9
:M8:EI>DCH
EGD=>7>IH7JH>C:HH8DB7>C6I>DCH7:IL::C6:A6L6G:8DGEDG6I>DC6C96C>CI:G:HI:9HID8@=DA9:G
L=>8=>H


<:C:G6AAN9:;>C:96H6HID8@=DA9:GL=D7:8DB:H67:C:;>8>6ADLC:GD;DGBDG:D;6:A6L6G:8DGEDG6I>DCHKDI>CD9;DAADL>CCI:G:HI:9HID8@=DA9:G-:8I>DC8DJA9=6K:I=:
:;;:8ID;9:A6N>C<
9:;:GG>C<
DGEG:K:CI>C<68=6C<:>C8DCIGDAI=6IDJGHID8@=DA9:GHB><=I8DCH>9:GID7:>CI=:>G7:HI
>CI:G:HIH
%	*#$&#%*
$5?7-:-3191:@-:0%@>-@13E
)JG7JH>C:HHDE:G6I>DCH6C9G:A6I>DCH=>EHL>I=8JHIDB:GH6C9HJEEA>:GH6G:=:6K>ANG:A>6CIDCI:8=CDADINEGDING>H@H6C9I=G:6IH
IDB6C6<:I=DH:G>H@H6C9EGDI:8IDJGI:8=CDADIN>C8>9:CIH
1:B6C6<:HIG6I:<>8G>H@H
>C8AJ9>C<8N7:GH:8JG>ING>H@
I=GDJ<=DJGCI:GEG>H:,>H@'6C6<:B:CIEGD8==6H
9>G:8I>CKDAK:B:CI;GDBI=:7D6G9D;9>G:8IDGH
I=:6J9>I8DBB>II::
6C9H:C>DGB6C6<:B:CI.=GDJ<=I=>HEGD8:HH
L:=6K:
>9:CI>;>:98N7:GH:8JG>IN6H6G>H@B6C6<:B:CIEG>DG>IN
;B1>:-:/1
)JG7D6G9D;9>G:8IDGH>HG:HEDCH>7A:;DGI=:DK:GH><=ID;8N7:GH:8JG>ING>H@H6C9=6H9:A:<6I:9EG>B6GNG:HEDCH>7>A>INID
I=:6J9>I8DBB>II::
L=>8=>HG:HEDCH>7A:;DGDK:GH::>CH:G>H@6HH:HHB:CIH6C9B6C6<:B:CIEDA>8>:H

EGD8:9JG:H
6C9EG68I>8:H>C8AJ9>CCH@HG:A6I:9ID>C;DGB6I>DCH:8JG>IN
8N7:GH:8JG>IN
6C996I6EGDI:8I>DC
.=:6J9>I8DBB>II::B6>CI6>CH68N7:GH:8JG>INHJ78DBB>II::I=6I>H8DBEG>H:9D;DJG0*
=>:;#C;DGB6I>DC);;>8:G
#)
DJG-0*
=>:;#C;DGB6I>DC-:8JG>IN);;>8:G#-)
6C9G:EG:H:CI6I>K:H;GDBI=:6J9>I8DBB>II::6C97D6G9D;
9>G:8IDGHI=6I=6K:@CDLA:9<:6C9:ME:G>:C8:>C8N7:GH:8JG>INB6II:GH.=:8N7:GH:8JG>INHJ78DBB>II::G:K>:LHDJG
8N7:GH:8JG>ING>H@6HH:HHB:CIH6C9I=:HI:EH7:>CIDG
8DCIGDA
6C9G:EDGIDCI=DH:G>H@H6HL:AA6H9>H8JHH:H
G::LDJGEGD8:HH;DG>9:CI>;N>C<6C9G:HEDC9>CIN>C8>9:CIH
>C6I>B:ANB6CC:G
6C99:I6>AHD;8N7:GH:8JG>IN6II68@HDG>C8>9:CIHL=>8==6K:D88JGG:9
'6C6<:B:CI<:C:G6AANB::IHL>I=
6C9EGDK>9:HG:EDGIHID
I=:8N7:GH:8JG>INHJ78DBB>II::DC6FJ6GI:GAN76H>H)JG
#)6C9#-)6AHDB::IL>I=6C9EGDK>9:G:EDGIHIDI=:6J9>I8DBB>II::6IA:6HIFJ6GI:GAN.=:7D6G9D;9>G:8IDGHG:8:>K:H
E:G>D9>8G:EDGIHG:<6G9>CK>I>:HD;I=:8N7:GH:8JG>INHJ78DBB>II::.=:H:G:EDGIH6C9B::I>CC;DGBI=:7D6G9D;9>G:8IDGH6C98DBB>II::H67DJII=:8JGG:CIHI6I:D;DJG>C;DGB6I>DCH:8JG>INEGDC8AJ9>C<
8N7:GH:8JG>ING>H@H
I=:C6IJG:
I>B>C<
6C9:MI:CID;8N7:GH:8JG>IN>C8>9:CIH
>;6CN
6C9I=:G:HDAJI>DCD;HJ8=B6II:GH
E.1>?1/A>5@E">;3>-9-:0:/501:@$1?<;:?1
)JG#-)>HG:HEDCH>7A:;DGDJG8N7:GH:8JG>INEGDC8AJ9>CH@6HH:HHB:CIH
>C;DGB6I>DCH:8JG>IN68I>K>I>:H
6C9
8DCIGDAH.=:#-)>HG:HEDCH>7A:;DG:HI67A>H=>C<6C9B6>CI6>C>C<8DGEDG6I:>C;DGB6I>DCH:8JG>INEDA>8>:H6C9DK:GH::>CH@B6C6<:B:CI68I>K>I>:H
L=>8=EG>DG>I>O:KJAC:G67>A>INB6C6<:B:CI
G>H@G:9J8I>DC
6C9EG:K:CI>DC)JG#-)6AHDA:69HDJG
N7:G:;:CH:6C9#C8>9:CI,:HEDCH:U#,VI:6BL=>8=>9:CI>;>:H
6HH:HH:H
:H86A6I:H
6C9G:B:9>6I:H8N7:GH:8JG>IN
>C8>9:CIH)JG#-)=6HDK:GN:6GHD;:ME:G>:C8:>CI=:;>:A9D;8N7:GH:8JG>IN
7G>C<>C<6C:MI:CH>K:JC9:GHI6C9>CINI=G:6IH
G:6C8:
6C9>C9JHIGN7:HIEG68I>8:H
.=:#,I:6BBDC>IDGH6C9B6C6<:H@:N8N7:GH:8JG>ING>H@H
>C8AJ9>CG9E6GI>:H
8ADJ9H:8JG>IN

B6A>8>DJH8D9:
:8DBB:G8:HNHI:BH
6C9HIDG:I:8=CDADING:K>:LH
6HH:HH:HKJAC:G67>A>I>:H
6C9
6C6ANO:HI=G:6I>CI:AA><:C8:IDHIG:CC8>9:CIG:HEDCH::;;DGIH
HE6GID;DJG8N7:GH:8JG>INEGDIN6L6G:C:HHIG6>C>C<>C8AJ9>CH=>CBJA6I>DCH6C9
HJEEA:B:CI6A86BE6>C<;DG6AADJG:BEADN::H)JG:BEADN::H=6K:BJAI>EA:B:8=6C>HBH;DG
G:EDGI>C<8N7:GH:8JG>IN6C996I6EG>K68N8DC8:GCH1:LDG@L>I=I=>G9E6GIN8N7:GH:8JG>IN69K>HDGHIDJC9:GI6@:6HH:HHB:CIH
D;DJG8G>I>86AHNHI:BH6C9IDG:B:9>6I:6CN=><=G>H@KJAC:G67>A>I>:H>9:CI>;>:91:6AHD:C<6<:I=>G9E6GI>:HIDE:G;DGB
E:C:IG6I>DCI:HI>C9:CI>;NEDI:CI>6AL:6@C:HH:H
HE6GID;DJG8N7:G>C8>9:CIG:HEDCH:EA6C
L:JI>A>O:6C:HI67A>H=:9;G6B:LDG@ID6HH:HHI=:H:K:G>IND;8N7:GH:8JG>IN
>C8>9:CIH/C9:GI=:EA6C
>C8>9:CIH6G::H86A6I:9IDG:A:K6CIH:C>DGB6C6<:B:CI
6C9I=:7D6G9D;9>G:8IDGH
6H6EEGDEG>6I:

76H:9DCI=:>GH:K:G>IN)JG9>H8ADHJG:8DBB>II::6HH:HH:HI=:B6I:G>6A>IND;H:K:G:>C8>9:CIH>C8AJ9>C<7DI=FJ6CI>I6I>K:6C9
FJ6A>I6I>K:;68IDGH


&45>0"->@51?
1:JI>A>O:I=>G9E6GINH:GK>8:EGDK>9:GH6H6CDGB6AE6GID;DJG7JH>C:HHDE:G6I>DCH.D699G:HH8N7:GH:8JG>ING>H@H
6G>H>C<;GDBDJGG:A6I>DCH=>EHL>I=I=>G9E6GINH:GK>8:EGDK>9:GH
L::BEADN6K:C9DGG>H@EGDIDGG>H@HG:A6I>C<
IDEDI:CI>6A8DBEGDB>H:HD;H:CH>I>K:>C;DGB6I>DC6IDJGI=>G9E6GINH:GK>8:EGDK>9:GH6C9G::K6AJ6I:I=:G>H@H6HHD8>6I:9
L>I=DJGE6GIC:GHE:G>D9>86AAN*G>DGID:M8=6C<>CI=I=>G9E6GINH:GK>8:EGDK>9:GH
I=:N6G:G:FJ>G:9IDH@6HH:HHB:CI1:6AHD8DC9J8II=>G9E6GINH:8JG>ING:K>:LH6C9:K6AJ6I:I=:>GC:ILDG@
EGD8:HH:H
6C9HNHI:BH#C
699>I>DC
L:D7I6>C6CCJ6A6II:HI6I>DCG:EDGIHG:A6I:9ID96I6H:8JG>IN6C9EG>K68N;GDB8:GI6>CI=>G9E6GINH:GK>8:EGDK>9:GH
ID;JGI=:GHJEEDGI8DBEA>6C8:L>I=>C9JHIGNHI6C96G98N7:GH:8JG>INEGDID8DAH
9<-/@;2E.1>?1/A>5@E$5?7?;:%@>-@13E-:0$1?A8@?
HD;I=:96I:D;I=>H6CCJ6AG:EDGI
L:6G:CDI6L6G:D;6CN8N7:GH:8JG>IN>C8>9:CIHI=6I=6K:=696B6I:G>6A>BE68IDC
DJG7JH>C:HH"DL:K:G
A>@:B6CN8DBE6C>:H
L:8DCI>CJ:ID;68:DCC<8N7:GI=G:6IH
>C8AJ9>CH=>C<6C9DI=:G
JC6JI=DG>O:9688:HH6II:BEIH
L=>8=>;HJ88:HH;JA8DJA9=6K:6B6I:G>6A>BE68I>CI=:;JIJG: DGBDG:>C;DGB6I>DC
H::U,>H@H
G:A6I:9ID>C;DGB6I>DCH:8JG>IN6C9I:8=CDADC8AJ9:9>C#I:B,>H@ 68IDGHD;I=>H6CCJ6AG:EDGI
%
!# !#%$
)JGEG>C8>E6A:M:8JI>K:6C969B>C>HIG6I>K:D;;>8:H6G:AD86I:96IDGCL6AAK:CJ:
06C8DJK:G
G>I>H=DAJB7>6

6C696
0$
.=:<:C:G6AAD86I>DC
JH:6C96EEGDM>B6I:H>O:D;DJGEG>C8>E6ADLC:9EGDE:GI>:H6HD; :7GJ6GN

6G:H:I;DGI=
7:ADL
;/-@5;:
'?1
<<>;D59-@1%=A->1
11@
!GDK:EDGI
)"
/C>I:9-I6I:H
>HIG>7JI>DC:CI:G



06C8DJK:G

6C696
M:8JI>K:6C99B>C>HIG6I>K:);;>8:H



1:A:6H:CDCG:I6>AEGDE:GI>:H>C6CJB7:GD;AD86I>DCHDC
JH:
6EEGDM>B6I:H>O:
6C9A:6H:
G:C:L6A96I:D;DJGEG>C8>E6ACDCG:I6>AA:6H:9EGDE:GI>:H6HD; :7GJ6GN

6G:H:I;DGI=7:ADL
;/-@5;:
'?1
<<>;D59-@1%=A->1
11@
1-?1$1:1C-8-@1
)CI6G>D

/C>I:9-I6I:H
>HIG>7JI>DC:CI:G



  :7GJ6GN
:AI6

6C696
>HIG>7JI>DC:CI:G


 :8:B7:G
'>AIDC
)(
6C696
>HIG>7JI>DC:CI:G


 '6N
'>HH>HH6J<6
)(
6C696
>HIG>7JI>DC:CI:G


 -:EI:B7:G
,6K:C=6AA
0#
JHIG6A>6
>HIG>7JI>DC:CI:G


 -:EI:B7:G
:AI6

6C696
>HIG>7JI>DC:CI:G


 $6CJ6GN
-JBC:G
1
/C>I:9-I6I:H
>HIG>7JI>DC:CI:G


 $JAN
06C8DJK:G

6C696
M:8JI>K:6C99B>C>HIG6I>K:);;>8:H


 )8ID7:G
06C8DJK:G

6C696
M:8JI>K:6C99B>C>HIG6I>K:);;>8:H


 )8ID7:G
JG>C<
L::CI:G:9>CID6C:LA:6H:;DG66C69>6C9>HIG>7JI>DC8:CI:G>CG6BEIDC
)CI6G>DD;6EEGDM>B6I:AN

HFJ6G:;::IL=>8=:ME>G:H>C1::ME:8II=>H9>HIG>7JI>DC8:CI:GID7:DE:G6I>DC6A>C;>H86A
 GDBI>B:IDI>B:
L:HJ7A:6H:JCJH:9EDGI>DCHD;DJG9>HIG>7JI>DC8:CI:G;68>A>I>:H
%!# $
*A:6H:H::I=:A:<6AEGD8::9>C7:9>C(DI:DBB>IB:CIH6C9DCI>C<:C8>:H>C8AJ9:9>C#I:BD;*6GI##D;
I=>HG:EDGI
%$%*$ $&#$
(DI6EEA>867A:


"$&
%
#% ##$%#%$  "&%*#%$%  #%%#$$$&#!&#$$ 
"&%*$&#%$
->71@:2;>9-@5;:-:05B501:0?
)JG8DBBDCHID8@>HFJDI:9DCI=:(6H96F!AD76A-:A:8I'6G@:IJC9:GI=:HNB7DA&/&/
HD;'6G8=

I=:G:L:G:6EEGDM>B6I:AN
=DA9:GHD;G:8DG9D;DJG8DBBDCHID8@.=>H9D:HCDI>C8AJ9:
E:GHDCHL=DH:HID8@>H>CCDB>C::DGHIG::IC6B:688DJCIHI=GDJ<=7GD@:GH
1:9DCDI6CI>8>E6I:E6N>C<6CN86H=9>K>9:C9HDCDJG8DBBDCHID8@>CI=:;DG:H::67A:;JIJG:CN;JIJG:
9:I:GB>C6I>DC6HIDI=:E6NB:CID;86H=9>K>9:C9HL>AA7:6II=:9>H8G:I>DCD;DJG7D6G9D;9>G:8IDGH6C9L>AA9:E:C9DCDJG
;>C6C8>6A8DC9>I>DC
DE:G6I>C8>E6I:986H=C::9H
EA6CH;DG:ME6CH>DC
6C9DI=:G;68IDGHI=6IDJG
7D6G9D;9>G:8IDGH8DCH>9:GHID7:G:A:K6CI#C699>I>DC
;>C6C8>6A6C9DI=:G8DK:C6CIH>C6CN>CHIGJB:CIHDG6CID>CI=:;JIJG:B6NG:HIG>8IDJG67>A>INIDE6N86H=9>K>9:C9HDCDJG8DBBDCHID8@
%@;/7"1>2;>9-:/1>-<4
.=:K:IDI6AHID8@=DA9:GG:IJGCDCDJG8DBBDCHID8@7:IL::C :7GJ6GN

I=:96I:D;DJG;>H86AN:6G:C9;>K:N:6GH6I=I=:8JBJA6I>K:IDI6AG:IJGCD;>I=:-*
#C9:M6C9>>-*EE6G:A
88:HHDG>:H&JMJGN!DD9H#C9:M
DK:GI=:H6B:E:G>D9.=>HCK:HIB:CI
D;DC :7GJ6GN
6II=:8ADH>C8:D;DJG8DBBDCHID8@
I=:-*#C9:M6C9I=:-*EE6G:A

88:HHDG>:H&JMJGN!DD9H#C9:M6C96HHJB:HI=:G:>CK:HIB:CID;9>K>9:C9H
>;6CN
.=:8DBE6G>HDCHH=DLC>CI=:HIDG>86A96I61:86JI>DCI=6II=:HID8@EG>8:E:G;DGB6C8:
H=DLC>CI=:HCDIC:8:HH6G>AN>C9>86I>K:D;
CDG>H>I>CI:C9:9ID;DG:86HI
I=:EDI:CI>6A;JIJG:E:G;DGB6C8:D;
DJG8DBBDCHID8@#C;DGB6I>DCJH:9>CI=:C:9;GDBADDB7:G<
6HDJG8:7:A>:K:9ID7:G:A>67A:
7JIL:6G:
CDIG:HEDCH>7A:;DG6CN:GGDGHDGDB>HH>DCH>CHJ8=>C;DGB6I>DC
;9<->5?;:;2A9A8-@5B1&;@-8%@;/74;801>$1@A>:
AJAJA:BDC6I=A:I>86>C8
-*#C9:M
-*EE6G:A
88:HHDG>:H
&JMJGN!DD9H#C9:M
 :7
$6C
$6C
$6C
$6C
 :7




1.

	-:
	
-:


-:


-:


1.

AJAJA:BDC6I=A:I>86>C8

 
 
 
 
  
-*#C9:M

 
 
 
 
  
-*EE6G:A
88:HHDG>:H&JMJGN!DD9H#C9:M

 
 
 
 
 



??A1>"A>/4-?1;2=A5@E%1/A>5@51?
.=:;DAADL>C9:H>C;DGB6I>DCG:<6G9>CC5;0	
&;@-8 A9.1>;2
%4->1?
"A>/4-?10

B1>-31
">5/1"-50<1>
%4->1
&;@-8 A9.1>;2
%4->1?"A>/4-?10
-?"->@;2"A.85/8E
::;A:/10"8-:?
;>">;3>-9?

-D59A9;88->
(-8A1;2%4->1?
@4-@-E+1@1
"A>/4-?10':01>
@41"8-:?;>
">;3>-9?

)8ID7:G
(DK:B7:G



 
 

 



(DK:B7:G
:8:B7:G



 
 

 




:8:B7:G
 :7GJ6GN



 
 

 




.DI6A






5555555555

'DCI=AN>C;DGB6I>DC>HEG:H:CI:97NG:;:G:C8:IDDJG;>H86AE:G>D9H9JG>CG:8IDGH6EEGDK:96HID8@G:EJG8=6H:EGDAA>DCD;DJG8DBBDCH=6G:HDCI=:DE:CB6G@:I
DG>CEG>K6I:ANC:6I:9IG6CH68I>DCH)C:68=D;'6N
6C9:8:B7:G

DJG7D6G9D;9>G:8IDGH6EEGDK:97>AA>DC>C8G:6H:HIDI=:
:M>HI>CB:A>B>I6C99D:HCDIG:FJ>G:I=:G:EJG8=6H:D;6B>C>BJBCJB7:GD;H=6G:H
DBBDCH=6G:HG:EJG8=6H:9DCI=:DE:CB6G@:I6G:6IEG:K6>A>C8:H
>C8AJ9>CCI=I=:EGDK>H>DCHD;,JA:7
6C9,JA:7D;I=:-:8JG>I>:HM8=6C<:8ID;.=:I>B>C<6C968IJ6ACJB7:GD;8DBBDCH=6G:HID7:G:EJG8=6H:9L>AA9:E:C9JEDCB6G@:I
8DC9>I>DCH
:A><>7>A>INIDIG69:
6C9DI=:G;68IDGH.=:6JI=DG>O:9K6AJ:D;H=6G:H6K6>A67A:ID7:G:EJG8=6H:9JC9:GI=>HEGDHH>DCH6C9:M8>H:I6M:H
.=:;DAADL>CO:HEJG8=6H:HD;H=6G:HD;DJG8DBBDCHID8@9JG>C5;0	
&;@-8 A9.1>;2
%4->1?
"A>/4-?10

B1>-31
">5/1"-50<1>
%4->1
&;@-8 A9.1>;2
%4->1?"A>/4-?10
-?"->@;2"A.85/8E
::;A:/10"8-:?
;>">;3>-9?

-D59A9 A9.1>
;2%4->1?@4-@-E
+1@1"A>/4-?10
':01>@41"8-:?;>
">;3>-9?

)8ID7:G
(DK:B7:G



 
 

 



(DK:B7:G
:8:B7:G



 
 

 



:8:B7:G
 :7GJ6GN



 
 

 



.DI6A






55555555555

'DCI=AN>C;DGB6I>DC>HEG:H:CI:97NG:;:G:C8:IDDJG;>H86AE:G>D9H9JG>CC6I:HI=:-**:6GA>:G
>IL>AA8DCI>CJ:JCI>A6AAH=6G:H6JI=DG>O:9;DGEJG8=6H:=6K:7::CEJG8=6H:9.=:B6M>BJBCJB7:GD;H=6G:H
6JI=DG>O:9ID7:EJG8=6H:9JC9:GI=:-**>H


M8AJ9:9;GDBI=>H9>H8ADHJG:6G:H=6G:HL>I==:A9IDH:IIA:HI6IJIDGN:BEADN::I6ML>I==DA9>CCDC6L6G9H
%$% $ %%
(DI6EEA>867A:


%%$$&$$ *$$  % #$&%$  !#% $
'6C6<:B:CIH9>H8JHH>DC6C96C6ANH>HD;;>C6C8>6A8DC9>I>DC6C9G:HJAIHD;DE:G6I>DCH>HEGDK>9:96H6HJEEA:B:CIID

6C9H=DJA97:G:69>C8DC?JC8I>DCL>I=
DJG8DCHDA>96I:9;>C6C8>6AHI6I:B:CIH6C9I=:G:A6I:9CDI:H>C8AJ9:9:AH:L=:G:>C
I=>HCCJ6A,:EDGIDC DGB%DBEDC:CIHD;B6C6<:B:CIH9>H8JHH>DC6C96C6ANH>HD;;>C6C8>6A8DC9>I>DC6C9G:HJAIHD;
DE:G6I>DCH>C8AJ9:
W
)K:GK>:L
W
 >C6C8>6A"><=A><=IH6C9'6G@:IDC9>I>DCH6C9.G:C9H
W
,:HJAIHD;)E:G6I>DCH
W
DBE6G>HDCD;ID
W
DBE6G67A:-6A:H6C9-6A:H*:G-FJ6G: DDI
W
(DC!* >C6C8>6A':6HJG:H
W
&>FJ>9>IN6C96E>I6A,:HDJG8:H
W
&>FJ>9>IN)JIADD@
W
DCIG68IJ6A)7A><6I>DCH6C9DBB>IB:CIH
W
G>I>86A88DJCI>C<*DA>8>:H6C9HI>B6I:H
)JG;>H86AN:6G:C9HDCI=:-JC96N8ADH:HIID$6CJ6GND;I=:;DAADL>C86AANG:HJAI>C<>C6L::@N:6G
7JI
D886H>DC6AAN<>K>CH:ID6C699>I>DC6AL::@
G:HJAI>C<>C6L::@N:6G >H86AL6H6L::@N:6G(:IG:K:CJ:
>C8AJ9:HG:HJAIH;GDBI=:G9L::@=DL:K:G
8DBE6G67A:H6A:H:M8AJ9:I=:G9L::@ >H86AL6H6L::@N:6G
.=>H9>H8JHH>DC6C96C6ANH>H8DCI6>CH;DGL6G9ADD@>CDCHI=6I>CKDAK:G>H@H

JC8:GI6>CI>:H6C96HHJBEI>DCH
HJ8=6HDJGEA6CH
D7?:8I>K:H
:ME:8I6I>DCH
6C9>CI:CI>DCH>C8AJ9:9>CI=:-E:8>6A(DI:
,:<6G9>C< DGL6G9&DD@>C<-I6I:B:CIH)JG68IJ6AG:HJAIH6C9I=:I>B>C;;:GB6I:G>6AAN;GDBI=DH:
6CI>8>E6I:9>CI=:H:;DGL6G9ADD@>CDJH;68IDGH
>C8AJ9>C7:9>CI=:#I:B,>H@
 68IDGHH:8I>DC6C9:AH:L=:G:>CI=>HCCJ6A,:EDGIDC DGB%
1:JH:8DBE6G67A:H6A:H6H6B:IG>8ID:K6AJ6I:I=:E:G;DGB6C8:D;DJG7JH>C:HH,:;:GIDI=:DBE6G67A:-6A:H6C9
-6A:H*:G-FJ6G: DDIH:8I>DCD;I=>HB6C6<:B:CIH9>H8JHH>DC6C96C6ANH>HD;;>C6C8>6A8DC9>I>DC6C9G:HJAIHD;DE:G6I>DCH;DG
;JGI=:G>C;DGB6I>DC
1:EGDK>9:8DCHI6CI9DAA6G8=6C<:H6C969?JHI:9;>C6C8>6AG:HJAIHL=>8=:M8AJ9:8:GI6>C>CK:CIDGNEGDK>H>DCH
6HH:I
>BE6>GB:CIH
6C9G:HIGJ8IJG>C<8DHIHG:8DO:9>CG:A6I>DCIDAJAJA:BDC-IJ9>D6C9I=:>GG:A6I:9I6M:;;:8IH.=:8DCHI6CI
9DAA6G8=6C<:H6C969?JHI:9;>C6C8>6AG:HJAIH6G:CDC!*;>C6C8>6AB:6HJG:H
6C9L:EGDK>9:I=:B6HHJEEA:B:CI6A
>C;DGB6I>DCI=6I:C67A::K6AJ6I>DCD;I=:JC9:GAN>CCDJGDE:G6I>CHDCIDDJG
=>HIDG>86A;>C6C8>6A>C;DGB6I>DC,:;:GIDI=:(DC!* >C6C8>6A':6HJG:HH:8I>DCD;I=>HB6C6<:B:CIH9>H8JHH>DC6C9
6C6ANH>HD;;>C6C8>6A8DC9>I>DC6C9G:HJAIHD;DE:G6I>DCH;DGG:8DC8>A>6I>DCH7:IL::CI=:69?JHI:9CDC!*;>C6C8>6AB:6HJG:H
6C9I=:BDHI9>G:8IAN8DBE6G67A:B:6HJG:H86A8JA6I:9>C688DG96C8:L>I=!*
1:9>H8ADH:B6I:G>6ACDCEJ7A>8>C;DGB6I>DCI=GDJ<=DC:DGBDG:D;I=:;DAADL>C<8=6CC:AHDJG>CK:HIDGG:A6I>DCH
L:7H>I:=IIE

8DGEDG6I:AJAJA:BDC8DB
>CK:HIDGH
I=:HD8>6AB:9>68=6CC:AH>9:CI>;>:9DCDJG>CK:HIDGG:A6I>DCHL:7H>I:

EG:HHG:A:6H:H
-;>A>C88DC;:G:C8:86AAH
6C9L:786HIH#C;DGB6I>DC8DCI6>C:9DCDG688:HH>7A:I=GDJ<=DJGL:7H>I:H
>HCDI>C8DGEDG6I:9>CID
6C99D:HCDI;DGB6E6GID;
I=>H6CCJ6AG:EDGIDG6CNDI=:GG:EDGIDG9D8JB:CIL:;>A:L>I=I=:-

6C96CNG:;:G:C8:HIDDJGL:7H>I:H6G:>CI:C9:9ID7:>C68I>K:I:MIJ6AG:;:G:C8:HDCAN
!B1>B51C
 >H86AL6H6CDI=:GN:6GD;C8G:6H:9
DE:G6I>CC:ME6C9:9
76H>HED>CIH
DG76H>HED>CIHDC6C69?JHI:976H>H
6C99>AJI:9:6GC>CH
)JGI:6BH8DCI>CJ:9ID:M:8JI:6<6>CHIDJG*DL:GD;.=G::QCC:I
G:K:CJ:L6H7:IL::C;>H86A6C9
1:H6LDCH
B:G8=6C9>H:86I::H
6C98=6CC:AH6HL:8DCI>CJ:ID:C<6<:L>I=9:I=:BL>I=>CCDK6I>K:EGD9J8IHI=6I=:AE:C67A:I=:>GL:AAC:HH?DJGC:N#CI=:B:G>86H
G:K:CJ:K:C7N
HIG:CC6C696#CI=:/C>I:9-I6I:H
L:=6K:7::CLDG@>CC8G:6H:I=:A:K:AD;H:6HDC6AC:LC:HHL>I=>CDJG
6HHDGIB:CIB>M#C=>C6'6>CA6C9
G:K:CJ:>C8G:6H:9
6C9>C,:HID;1DGA9
G:K:CJ:C8G:6H:>CLDB:CH
CB:CH
6C96C>C8G:6H:>CDI=:G86I::H1::ME6C9:9DJGG:I6>AEG:H:C8:7N
699>C<C:IC:L8DBE6CNDE:G6I:9HIDG:H
8DCIG>7JI>CC8G:6H:>CHFJ6G:;DDI6<:.=:H:B:IG>8H>C8AJ9:DJG
HIDG:H>C':M>8DL=>8=L:CDLDE:G6I:9>G:8IAN
I=:G:HJAID;I=:68FJ>H>I>DCD;I=:':M>8DDE:G6I>DCH;GDBDJGA>8:CH:6C9


HJEEANE6GIC:G>C-:EI:B7:GDBE6CNDE:G6I:9HIDG:C:IG:K:CJ:>C8G:6H:96C9:8DBB:G8:C:IG:K:CJ:
>C8G:6H:9
1:G:EJG8=6H:9B>AA>DCH=6G:H;DG7>AA>DC>C
6C9DJG7D6G9D;9>G:8IDGH6EEGDK:9>C8G:6H:H>CDJGHID8@
G:EJG8=6H:6JI=DG>O6I>DCIDI6A>C<7>AA>DC9JG>C<
<+8.+7:+318=+8.->3@+>398=
::E:C>CDCH=>EL>I=:M>HI>C<A:6AHD7G>C<>CCIDI=:AJAJA:BDC7G6C9G:B6>CH6C
>BEDGI6CIEG>DG>IN;DGJH1:7:A>:K:DJGJC6>9:97G6C96L6G:C:HH>HG:A6I>K:ANADL68GDHHBDHID;I=:G:<>DCHL=:G:L:
DE:G6I:#C
L:7GDJ<=IH:K:G6A68I>K6I>DCHIDA>;:6>B:96I>C8G:6H>CI=:M>HI>C<A:
6II=:H6B:
I>B:
6IIG68I>CCIDDJG7G6C9
)JGE6GIC:GH=>EL>I=I=:6C69>6C)ANBE>8DBB>II::6C96C69>6C*6G6ANBE>8DBB>II::L6HDC;JAA9>HEA6N9JG>C<
I=:*6G>H)ANBE>8H
6HL:DJI;>II:9I=:6I=A:I:H;DGI=:>GD;;;>:A968I>K>I>:H#CI=:B:G>86H
L:8DCI>CJ:9IDEEGDCIH>C8AJ9>C8=EGDK>9:HB:B7:GHL>I=
:M8AJH>K::ME:G>:C8:H6C9E:G@H;GDBH:A:8IE6GIC:G7G6C9H
#C=>C6'6>CA6C9
L::ME6C9:9DJG-JBB:G-L:6I!6B:HIDDK:GHIDG:H68GDHHC:6GAN8>I>:H6C9;DG1DGA9
':CI6A":6AI=6N
L:=DHI:968I>K>I>:H>CC>C:8>I>:H68GDHH=>C6'6>CA6C9
6C8=DG:97NDJG:K:CI6ADCC
-=6C<=6>1:6AHD:MI:C9:9DJG1DGA9':CI6A":6AI=6N68I>K6I>DCHID699>I>DC6A8DJCIG>:H
>C8AJ9>C<-DJI=%DG:6

!:GB6CN
I=:/C>I:9%>C<9DB
6C9I=:/C>I:9-I6I:H
#C
L:6AHDL:A8DB:9699>I>DC6AC:L6B76HH69DGHIDI=:7G6C9
>C8AJ9>CMI>B:*!IDJGL>CC:G'6M"DB6

=>C:H:9>G:8IDG
68IG:HH
6C9H8G::CLG>I:G$>6&>C<
6C9 G6C8:H.>6;D:DJGC:L:HII:CC>H6B76HH69DG
!<9.?->889@+>398
1:8DCI>CJ:IDH::@ID8G:6I:EGD9J8II=6IHDAK:HI=:JCB:IC::9HD;DJG:K:DJGI:8=C>86AEGD9J8I>H6
@:N8DBE:I>I>K:69K6CI6<:;DGJH
6C9DJGEDH>I>DC>C<6H6EG:B>JB6I=A:I>87G6C9
L>I==><=HINA:6C9=><=E:G;DGB6C8:
EGD9J8I
=:AEH9>;;:G:CI>6I:JH;GDBDJGE::GH
#C
L:G:B6>C:9;D8JH:9DCDJG8DG:68I>K>I>:HD;ND<6
GJC
6C9IG6>C6C96AHDDJGC:L:GEA6N68I>K>I>:H>C8AJ9>C<
H#CLDB:CH
A>C:
6C9-8J768DCI>CJ:9ID7:@:NEGD9J8I;G6C8=>H:H;DGJH
6C9IDL6G9HI=::C9D;
I=:N:6G
L:A6JC8=:9DJG6N9G>;IIGDJH:G6G:;>C:9
86HJ6AE6CIID7:LDGC6AA96N>CIDC><=I DGB:C
CJ:9ID
G:HEDC9IDDJGADJC<:;G6C8=>H:H>C8AJ9>C<-I:69N-I6I:
-D;I$:GH:N
6C9-BDDI=-E68:G
6C9DJGE:G;DGB6C8:;G6C8=>H:H
>C8AJ9>C<*68:7G:6@:G6C94:GD:9#C#C;DDIL:6G
L::ME6C9:9DJGD;;:G>CI=C:L86HJ6A6C9E:G;DGB6C8:HINA:H
>C8AJ9>CGHI8DAA:8I>DC;DGB:CC9>C688:HHDG>:H
L:8DCI>CJ:9ID7G>C<>CCDK6I>DC68GDHHDJGD;;:G>C8=
9GDK:9:H7DI=!*6C9CDC!*;>C6C8>6AB:6HJG:H.=:69?JHI:9
;>C6C8>6AB:6HJG:H;DG:M8AJ9:B>AA>DCD;EDHII6M6HH:I>BE6>GB:CI6C9DI=:G8=6G<:HG:8DO:9>CG:A6I>DCID
AJAJA:BDC-IJ9>D.=:G:L:G:CD69?JHI:9;>C6C8>6AB:6HJG:H;DG
W
(:IG:K:CJ:>C8G:6H:9ID7>AA>DC)C68DCHI6CI9DAA6G76H>H
C:IG:K:CJ:>C8G:6H:9
W
DBE6G67A:H6A:H
L=>8=:M8AJ9:HC:IG:K:CJ:;GDBI=:G9L::@D;
>C8G:6H:9
R
B:G>86H8DBE6G67A:H6A:H9:8G:6H:9
R
=>C6'6>CA6C98DBE6G67A:H6A:H>C8G:6H:9
DGDC68DCHI6CI9DAA6G76H>H
R
,:HID;1DGA98DBE6G67A:H6A:H>C8G:6H:9
DGDC68DCHI6CI9DAA6G76H>H
W
!GDHHEGD;>I>C8G:6H:9ID7>AA>DC9?JHI:9I>C8G:6H:9
W
!GDHHB6G<>C>C8G:6H:976H>HED>CIHID9?JHI:9C>C8G:6H:976H>HED>CIH
W
#C8DB:;GDBDE:G6I>DCH>C8G:6H:9ID7>AA>DC9?JHI:9>C8DB:;GDBDE:G6I>DCH>C8G:6H:9
W
)E:G6I>CC>C8G:6H:976H>HED>CIHID9?JHI:9DE:G6I>CC>C8G:6H:976H>HED>CIH


W
#C8DB:I6M:ME:CH:>C8G:6H:9 IDB>AA>DC)JG:;;:8I>K:I6MG6I:;DGL6H8DBE6G:9ID
;DG.=:69?JHI:9:;;:8I>K:I6MG6I:L6H;DG
W
>AJI:9:6GC>CC9?JHI:99>AJI:9:6GC>CC
->71@;:05@5;:?-:0&>1:0?
'68GD:8DCDB>88DC9>I>DCH
DCH6C9EDA>8>:H
8DCHJB:G8DC;>9:C8:6C9EJG8=6H>C<7:=6K>DGH
6C9
;DG:>DCH>BE68IDJG7JH>C:HH-J8=;68IDGH6G::ME:8I:9ID8DCI>CJ:ID>BE68IDJG7JH>C:HHI=GDJ<=DJI

L>I=I=:>BE68IK6GN>C<7NB6G@:I
DCHJB:G8DC;>9:C8:
EJG8=6H>C<7:=6K>DGH
6C9I=:>GEGDE:CH>INIDHE:C9>CDJGH:8IDG=6K:7::C>BE68I:97N
JC8:GI6>C:8DCDB>88DC9>I>DCH>C8AJ9>C<>C;A6I>DC
;AJ8IJ6I>C<>CI:G:HIG6I:H
6C9DI=:G;68IDGH1:8DCI>CJ:IDBDC>IDGI=:
:8DCDB>8:CK>GDCB:CI
>C8AJ9>C<>CI=:/-
6C696
6C9=>C6'6>CA6C9
1::ME:G>:C8:9G:K:CJ:6C9IG6;;>8C8DBE6G:9ID>C6AAG:<>DCH
7JI=6K::ME:G>:C8:96G:9J8I>DC
>CDJGG:K:CJ:CI=:B:G>86H8DBE6G:9IDI=:CEG:K>DJHN:6GH
9G>K:C7NDJGDE:G6I>DCH>CI=:
/C>I:9-I6I:HJG>C<
B:G>86H8DBE6G67A:H6A:H9:8G:6H:91:6G:BDC>IDG>C<8>:H>CI=:
B:G>86H
>C8AJ9>C<8=6C<:H>CI6G>;;H
6C9L=>A:L:9DCDI:ME:8I8JGG:CI8=6C<:HID=6K:6B6I:G>6A>BE68IDCI=:8DHID;
DJGEGD9J8IH
I6G>;;H6C9G:A6I:9JC8:GI6>CI>:H8DJA9>BE68I8DCHJB:G8DC;>9:C8:
IG6;;>8
6C99:B6C9;DGDJGEGD9J8IH
 DG:>DCH=6K:69K:GH:AN>BE68I:9DJG;>C6C8>6AG:HJAIH DG:>DCHG:9J8:9I=:
AA>DCL=:C8DBE6G>C<ID
EG>B6G>AN9J:IDI=:DK:G6AA6EEG:8>6I>DCD;I=:/-
9DAA6G1::ME:8I;JIJG::M8=6C<:G6I:KDA6I>A>INID>BE68IDJGG:HJAIH
$1?A8@?;2!<1>-@5;:?
.=:;DAADL>CO:H@:N8DBEDC:CIHD;DJGG:HJAIHD;DE:G6I>DCH;DGI=:E:G>D9H>C9>86I:9












*/%+0.*!.
"- "*/$"+#*"/-"1"*0"
(:IG:K:CJ:
 

 





DHID;I



 





-:AA>C<
<:C:G6A6C969B>C>HIG6I>K::ME:CH:H



 





#BE6>GB:CID;AA6C9DI=:G6HH:IH
G:HIGJ8IJG>C<8DHIH

S 


S

BDGI>O6I>DCD;>CI6C<>7A:6HH:IH


 


S

#C8DB:;GDBDE:G6I>DCH



 





)I=:G>C8DB::ME:CH:
C:I


 




#C8DB:7:;DG:>C8DB:I6M:ME:CH:



 





#C8DB:I6M:ME:CH:


 




(:I>C8DB:



 







;9<->5?;:;2

@;


/>#/@/8?/












+1->;B1>E1->/4-:31
*/%+0.*!.
"- "*/$"+#*"/-"1"*0"
*/%+0.*!.
"- "*/$"
+*./*/!+((-
 %*$"
B:G>86H



 




 




=>C6'6>CA6C9



 









,:HID;1DGA9



 










(:IG:K:CJ:
 

 




 




.=:>C8G:6H:>CC:IG:K:CJ:L6HEG>B6G>AN9J:ID>C8G:6H:9=>C6'6>CA6C9C:IG:K:CJ:B:G>86H6C9,:HID;1DGA9
C:IG:K:CJ:6AHD>C8G:6H:91:=69IDI6AC:IG:K:CJ:D;B>AA>DC9JG>C8=8DCIG>7JI:9ID
I=:IDI6A>C8G:6H:>CC:IG:K:CJ:>CDBE6G67A:H6A:H
L=>8=:M8AJ9:HC:IG:K:CJ:;GDBI=:G9L::@D;

>C8G:6H:9
<9==!<903>






+1->;B1>E1->/4-:31
*/%+0.*!.
*/%+0.*!.
"- "*/$"
!GDHHEGD;>I
 


 






!GDHHB6G<>C


76H>HED>CIH
!GDHHB6G<>C>C8G:6H:976H>HED>CIHH6G:HJAID;DJG9:8>H>DCID8:6H:H:AA>CD'>GGDG
L:
G:8DO:96C>CK:CIDGND7HDA:H8:C8:EGDK>H>DCD;B>AA>DC9JG>C<
L=>8=G:9J8:9C7N76H>HED>CIH
9?JHI:9C>C8G:6H:976H>HED>CIH*A:6H:G:;:GID(DI:#BE6>GB:CID;!DD9L>AA6C9)I=:GHH:IH

,:HIGJ8IJG>C<DHIH>C8AJ9:9>C#I:BD;*6GI##D;I=>HG:EDGI
.=:>C8G:6H:>CCL6HEG>B6G>ANI=:G:HJAID;6C:I>C8G:6H:>CEGD9J8IB6G<>CD;76H>HED>CIH
8DBEG>H:9
D;
W
6C:I>C8G:6H:D;76H>HED>CIH;GDBADL:GEGD9J8I8DHIH6C9ADL:G>CK:CIDGNEGDK>H>DC:ME:CH:
E6GI>6AAND;;H:I
7N=><=:G;G:><=I8DHIH
W
6C>C8G:6H:D;76H>HED>CIH9J:IDI=:AJAJA:BDC-IJ9>DD7HDA:H8:C8:EGDK>H>DCG:8DO:99JG>C<6C9
W
6CJC;6KDG67A:>BE68ID;;DG:>HED>CIH
.=:>C8G:6H:>CEGD9J8IB6G<>CL6HE6GI>6AAND;;H:I7N6C:I>C8G:6H:>CDI=:G8DHID;H6A:H6H6E:G8:CI6<:D;C:I
G:K:CJ:D;76H>HED>CIH
8DBEG>H:9D;
W
6C>C8G:6H:>CD88JE6C8N6C99:EG:8>6I>DC8DHIHD;76H>HED>CIH
W
6C>C8G:6H:>C9>HIG>7JI>DC8:CI:G8DHIHD;76H>HED>CIH
W
69:8G:6H:>C8DHIHG:A6I:9IDDJGEGD9J8I9:E6GIB:CIHD;76H>HED>CIH6C9
W
6;6KDG67A:>BE68ID;;DG:>HED>CIH


$/66381/8/<+6+8..7383=><+>3@/B:/8=/=






+1->;B1>E1->/4-:31
*/%+0.*!.
*/%+0.*!.
"- "*/$"
-:AA>C<
<:C:G6A6C969B>C>HIG6I>K::ME:CH:H
 


 






-:AA>C<
<:C:G6A6C969B>C>HIG6I>K::ME:CH:H6H6D;C:IG:K:CJ:


76H>HED>CIH
.=:>C8G:6H:>CH:AA>C<
<:C:G6A6C969B>C>HIG6I>K::ME:CH:HL6HEG>B6G>AN9J:ID
W
6C>C8G:6H:>C8DHIHG:A6I:9IDDJGDE:G6I>C<8=6CC:AHD;B>AA>DC
8DBEG>H:9D;
R
6C>C8G:6H:>C:BEADN::8DHIHD;B>AA>DCEG>B6G>AN9J:ID>C8G:6H:9H6A6G>:H6C9L6<:H:ME:CH:6C9
7:C:;>I8DHIH;DGG:I6>A:BEADN::HEG>B6G>AN;GDBI=:CDJG7JH>C:HH
E6GI>6AAND;;H:I7N9:8G:6H:9
>C8:CI>K:8DBE:CH6I>DC
R
6C>C8G:6H:>C7G6C96C98DBBJC>IN8DHIHD;B>AA>DCEG>B6G>AN9J:ID>C8G:6H:99><>I6AB6G@:I>C<
:ME:CH:H
R
6C>C8G:6H:>CDI=:GDE:G6I>C<8DHIHD;B>AA>DCEG>B6G>AN9J:ID>C8G:6H:99:EG:8>6I>DC8DHIH6C9
G:E6>GH6C9B6>CI:C6C8:8DHIH6C9
R
6C>C8G:6H:>CI:8=CDADAA>DC
.=:>C8G:6H:>C8DHIHG:A6I:9IDDJGDE:G6I>C<8=6CC:AHL6HE6GI>6AAND;;H:I7N69:8G:6H:>CK6G>67A:8DHIHD;
B>AA>DCEG>B6G>AN9J:ID9:8G:6H:99>HIG>7JI>DC8DHIH9G>K:C7NADL:GG6I:H
E6GI>6AAND;;H:I7N>C8G:6H:98G:9>I86G9
;::H6H6G:HJAID;>C8G:6H:9C:IG:K:CJ:
W
6C>C8G:6H:>C=:69D;;>8:8DHIHD;B>AA>DC
8DBEG>H:9D;
R
6C>C8G:6H:>C7G6C96C98DBBJC>IN8DHIHD; B>AA>DCEG>B6G>AN9J:ID>C8G:6H:9B6G@:I>C<:ME:CH:H6H
L:AA6H>C8G:6H:98=6G>I67A:9DC6I>DCH
R
6C>C8G:6H: >C69K>HDGN6C9EGD;:HH>DC6A;::HD;B>AA>DC
R
6C>C8G:6H:>CI:8=CDADC8AJ9>C<8ADJ98DBEJI>C<6BDGI>O6I>DC
D;B>AA>DC
R
6C>C8G:6H:>CDI=:G=:69D;;>8:8DHIHD;B>AA>DC6C9
R
6C>C8G:6H:>C9:EG:8>6I>DCD;B>AA>DC
.=:>C8G:6H:>C8DHIHG:A6I:9IDDJG=:69D;;>8:L6HE6GI>6AAND;;H:I7N6C:I9:8G:6H:>C:BEADN::8DHIHD;
B>AA>DCEG>B6G>AN9J:ID9:8G:6H:9>C8:CI>K:8DBE:CH6I>DC
E6GI>6AAND;;H:I7N>C8G:6H:9H6A6G>:H6C9L6<:H:ME:CH:
.=:>C8G:6H:>CH:AA>C<
<:C:G6A6C969B>C>HIG6I>K::ME:CH:HL6HE6GI>6AAND;;H:I7N 6C>C8G:6H:>CC:I;DG:>K6I>K:G:K6AJ6I>DC<6>CHD;B>AA>DC
7:+3<7/8>9099.A366+8. >2/<==/>=#/=>?<3819=>=






+1->;B1>E1->/4-:31
*/%+0.*!.
*/%+0.*!.
"- "*/$"
#BE6>GB:CID;AA6C9DI=:G6HH:IH
G:HIGJ8IJG>C<8DHIH

S 

 



JG>C<
L:G:8DO:98:GI6>C6HH:I>BE6>GB:CIH6C9G:HIGJ8IJG>C<8DHIHG:A6I:9IDAJAJA:BDC-IJ9>D*A:6H:G:;:G
ID(DI:#BE6>GB:CID;!DD9L>AA6C9)I=:GHH:IH
,:HIGJ8IJG>C<DHIH>C8AJ9:9>C#I:BD;*6GI##D;I=>HG:EDGI;DG;JGI=:G
>C;DGB6I>DC


79<>3D+>398908>+813,6/==/>=






+1->;B1>E1->/4-:31
*/%+0.*!.
*/%+0.*!.
"- "*/$"
BDGI>O6I>DCD;>CI6C<>7A:6HH:IH


 

 



.=:6BDGI>O6I>DCD;>CI6C<>7A:6HH:IH>CL6HEG>B6G>ANI=:G:HJAID;I=:6BDGI>O6I>DCD;>CI6C<>7A:6HH:IHG:8DO:9
JEDCI=:68FJ>H>I>DCD;I=:':M>8DDE:G6I>DCH.=:6BDGI>O6I>DCD;>CI6C<>7A:6HH:IH>CL6HEG>B6G>ANI=:G:HJAID;I=:
6BDGI>O6I>DCD;>CI6C<>7A:6HH:IHG:8DO:9JEDCI=:68FJ>H>I>DCD;'#,,),
L=>8=L:G:7G6C9:96HAJAJA:BDC-IJ9>D
$/17/8>#/=?6>=
)C6H:H
L:9:I:GB>C:>C8DB:;GDBDE:G6I>DCHL>I=DJII6@>C<>CID688DJCI8DGEDG6I::ME:CH:H6C98:GI6>C
DI=:G:ME:CH:HDGEDG6I::ME:CH:H>C8AJ9:I=:8DHID;8:CIG6AANB6C6<:9HJEEDGI;JC8I>DCH>C8AJ9>C6A9:K:ADEB:CI
EGD9J8I>CCDK6I>DC
HDJG8>C<
HJEEAN8=6>C
6C9H>C8=6G:>C8AJ9:9>CDI=:G8DHI
D;H6A:H9B>C>HIG6I>K:8DGEDG6I::ME:CH:H>C8AJ9:I:8=CDADC<
;>C6C8:
=JB6CG:HDJG8:H
A:<6A
6C9
DI=:G=:69D;;>8:8DHIH

)"-& .






+1->;B1>E1->/4-:31
*/%+0.*!.
*/%+0.*!.
"- "*/$"
(:IG:K:CJ:
 


 






*GD9J8I8DHIH












)I=:G8DHID;H6A:H










!GDHHEGD;>I












-:AA>C<
<:C:G6A6C969B>C>HIG6I>K::ME:CH:H












-:C8DB:;GDBDE:G6I>DCH
 


 






*GD9J8IB6G<>C


76H>HED>CIH
!GDHHB6G<>C


76H>HED>CIH
-:AA>C<
<:C:G6A6C969B>C>HIG6I>K::ME:CH:H6H6D;C:IG:K:CJ:


76H>HED>CIH
-:C8DB:;GDBDE:G6I>DCH6H6D;C:IG:K:CJ:


76H>HED>CIH
.=:>C8G:6H:>CB:G>86HC:IG:K:CJ:L6HEG>B6G>AN9J:ID6B>AA>DC >C8G:6H:;GDBC:LDG:ME6C9:98DBE6CN
DE:G6I:9HIDG:H6C9DJGDI=:G8=6CC:AH1:699:9C:IC:L8DBE6CNDE:G6I:9HIDG:H>CI=:B:G>86HH>C8:

>C8AJ9>C<8DBE6CNDE:G6I:9HIDG:H;GDBI=:68FJ>H>I>DCD;I=:':M>8DDE:G6I>DCHB:G>86HC:IG:K:CJ:9JG>CAA>DC
L=>8=8DCIG>7JI:9IDI=:>C8G:6H:>CB:G>86HC:IG:K:CJ:>CB:G>86H8DBE6G67A:
H6A:H
L=>8=:M8AJ9:HC:IG:K:CJ:;GDBI=:G9L::@D;
9:8G:6H:9.=:9:8G:6H:>C8DBE6G67A:H6A:HL6HEG>B6G>AN
6G:HJAID;9:8G:6H:98DCK:GH>DCG6I:H
E6GI>6AAND;;H:I7N6C>C8G:6H:>CIG6;;>86C96=><=:G9DAA6GK6AJ:E:GIG6CH68I>DC
.=: 9:8G:6H:>CCL6HEG>B6G>AN9J:ID9:A:K:G6<:DC9>HIG>7JI>DC8:CI:G6C9D88JE6C8N8DHIH
E6GI>6AAN
D;;H:I7N=><=:GEGD9J8IB6G<>C
.=:>C8G:6H:>CH:AA>C<
<:C:G6A6C969B>C>HIG6I>K::ME:CH:HL6HEG>B6G>AN9J:ID>C8G:6H:9B6G@:I>C<:ME:CH:H
=><=:G
9:EG:8>6I>DC
6C9=><=:G:BEADN::8DHIH
E6GI>6AAND;;H:I7N9:8G:6H:99>HIG>7JI>DC8DHIG6I:H


%&*&*(*!






+1->;B1>E1->/4-:31
*/%+0.*!.
*/%+0.*!.
"- "*/$"
(:IG:K:CJ:
 









*GD9J8I8DHIH










)I=:G8DHID;H6A:H










!GDHHEGD;>I










-:AA>C<
<:C:G6A6C969B>C>HIG6I>K::ME:CH:H










-:C8DB:;GDBDE:G6I>DCH










*GD9J8IB6G<>C


76H>HED>CIH
!GDHHB6G<>C


76H>HED>CIH
-:AA>C<
<:C:G6A6C969B>C>HIG6I>K::ME:CH:H6H6D;C:IG:K:CJ:


76H>HED>CIH
-:C8DB:;GDBDE:G6I>DCH6H6D;C:IG:K:CJ:


76H>HED>CIH
.=:>C8G:6H:>C=>C6'6>CA6C9C:IG:K:CJ:L6HEG>B6G>AN9J:ID6C>C8G:6H:>C8DBE6G67A:H6A:H
L=>8=>C8G:6H:9 

DGDC68DCHI6CI9DAA6G76H>H=>C6'6>CA6C98DBE6G67A:H6A:H:M8AJ9:HC:IG:K:CJ:;GDBI=:G9L::@D;
.=:>C8G:6H:>C8DBE6G67A:H6A:HL6HEG>B6G>AN6G:HJAID;>C8G:6H:9IG6;;>8
E6GI>6AAND;;H:I7N6ADL:G9DAA6GK6AJ:E:G
IG6CH68I>DC.=:>C8G:6H:>C=>C6'6>CA6C9C:IG:K:CJ:L6H6AHD9G>K:C7N6B>AA>DC >C8G:6H:>C>CC:IG:K:CJ:;GDB
C:LDG:ME6C9:98DBE6CNDE:G6I:9HIDG:H6C9DJGDI=:G8=6CC:AH1:=6K:DE:C:9C:IC:L8DBE6CNDE:G6I:9HIDG:H
H>C8:=>C6'6>CA6C9C:IG:K:CJ:9JG>CAA>DC
L=>8=8DCIG>7JI:9IDI=:>C8G:6H:>C
=>C6'6>CA6C9C:IG:K:CJ:>C
.=:>C8G:6H:>C CL6HEG>B6G>AN9J:ID=><=:GEGD9J8IB6G<>C6HL:AA6HA:K:G6<:DCD88JE6C8N6C9DI=:G
8DHIH
.=:>C8G:6H:>CH:AA>C<
<:C:G6A6C969B>C>HIG6I>K::ME:CH:HL6HEG>B6G>AN9J:ID=><=:G:BEADN::8DHIH6C9>C8G:6H:9
B6G@:I>C<:ME:CH:H
6HL:AA6H>C8G:6H:99>HIG>7JI>DC8DHIH6C9E68@6<>C<8DHIH9G>K:C7N=><=:GC:IG:K:CJ:
"./+#+-(!






+1->;B1>E1->/4-:31
*/%+0.*!.
*/%+0.*!.
"- "*/$"
(:IG:K:CJ:
 


 






*GD9J8I8DHIH










)I=:G8DHID;H6A:H










!GDHHEGD;>I










-:AA>C<
<:C:G6A6C969B>C>HIG6I>K::ME:CH:H










-:C8DB:;GDBDE:G6I>DCH










*GD9J8IB6G<>C


76H>HED>CIH
!GDHHB6G<>C


76H>HED>CIH
-:AA>C<
<:C:G6A6C969B>C>HIG6I>K::ME:CH:H6H6D;C:IG:K:CJ:


76H>HED>CIH
-:C8DB:;GDBDE:G6I>DCH6H6D;C:IG:K:CJ:


76H>HED>CIH
.=:>C8G:6H:>C,:HID;1DGA9C:IG:K:CJ:L6HEG>B6G>AN9J:ID6C>C8G:6H:>C8DBE6G67A:H6A:H
L=>8=>C8G:6H:9

DGDC68DCHI6CI9DAA6G76H>H,:HID;1DGA98DBE6G67A:H6A:H:M8AJ9:HC:IG:K:CJ:;GDBI=:G9L::@D;
.=:>C8G:6H:>C8DBE6G67A:H6A:HL6HEG>B6G>AN6G:HJAID;>C8G:6H:9IG6;;>86C96=><=:G9DAA6GK6AJ:E:GIG6CH68I>DC
E6GI>6AAN
D;;H:I7N69:8G:6H:>C8DCK:GH>DCG6I:H.=:>C8G:6H:>C,:HID;1DGA9C:IG:K:CJ:L6H6AHD9G>K:C7N6B>AA>DC >C8G:6H:
>CC:IG:K:CJ:;GDBC:LDG:ME6C9:98DBE6CNDE:G6I:9HIDG:H6C9DJGDI=:G8=6CC:AH1:=6K:DE:C:9:><=IC:IC:L
8DBE6CNDE:G6I:9HIDG:HH>C8:,:HID;1DGA9C:IG:K:CJ:9JG>CAA>DC
L=>8=
8DCIG>7JI:9IDI=:>C8G:6H:>C,:HID;1DGA9C:IG:K:CJ:>C
.=: >C8G:6H:>CCL6HEG>B6G>AN9J:ID=><=:GEGD9J8IB6G<>C
.=:>C8G:6H:>CH:AA>C<
<:C:G6A6C969B>C>HIG6I>K::ME:CH:HL6HEG>B6G>AN9J:ID=><=:G:BEADN::8DHIH6C9>C8G:6H:9
B6G@:I>C<:ME:CH:H
6HL:AA6H>C8G:6H:99>HIG>7JI>DC8DHIH6C98G:9>I86G9;::H9G>K:C7N=><=:GC:IG:K:CJ:


+-,+-/"
DGEDG6I::ME:CH:H9:8G:6H:9 B>AA>DCID7>AA>DC>C8DBE6G:9ID.=:C:I9:8G:6H:L6HEG>B6G>AN
9J:ID6C>CK:CIDGND7HDA:H8:C8:EGDK>H>DCD;B>AA>DC6C98:GI6>C6HH:I>BE6>GB:CIH6C9G:HIGJ8IJG>C<8DHIHD;
B>AA>DC>CG:A6I>DCIDAJAJA:BDC-IJ9>DG:8DO:9>C*A:6H:G:;:GID(DI:#BE6>GB:CID;!DD9L>AA6C9)I=:GHH:IH

,:HIGJ8IJG>C<DHIH>C8AJ9:9>C#I:BD;*6GI##D;I=>HG:EDGI;DG;JGI=:G>C;DGB6I>DCDGEDG6I::ME:CH:H6AHD9:8G:6H:99J:
ID6C>C8G:6H:>CC:I;DG:>K6I>K:<6>CHD;B>AA>DC
6HL:AA6H69:8G:6H:>C:BEADN::8DHIH
.=:9:8G:6H:>C8DGEDG6I::ME:CH:HL6HE6GI>6AAND;;H:I7N>C8G:6H:9EGD;:HH>DC6A;::H6C9I:8=CDADC8G:6H:99:EG:8>6I>DC6C9B6G@:I>C<:ME:CH:H
 >2/<8-97/B:/8=//>






+1->;B1>E1->/4-:31
*/%+0.*!.
*/%+0.*!.
"- "*/$"
)I=:G>C8DB::ME:CH:
C:I


 

 



.=:>C8G:6H:>CDI=:G>C8DB:
C:IL6HEG>B6G>AN9J:ID6C>C8G:6H:>C>CI:G:HI>C8DB:6H6G:HJAID;=><=:G6K:G6<:86H=
76A6C8:H
8-97/%+BB:/8=/






+1->;B1>E1->/4-:31
*/%+0.*!.
*/%+0.*!.
"- "*/$"
#C8DB:I6M:ME:CH:










;;:8I>K:I6MG6I:


76H>HED>CIH
.=:>C8G:6H:>CI=::;;:8I>K:I6MG6I:L6HEG>B6G>AN9J:ID6C>C8G:6H:>CCDC9:9J8I>7A::ME:CH:H>C>CI:GC6I>DC6A
?JG>H9>8I>DCH
69:8G:6H:>CI6M7:C:;>IHG:A6I:9IDHID8@76H:98DBE:CH6I>DC
69?JHIB:CIHJEDCI=:;>A>CC>C8DB:
I6MG:IJGCH
6C96C>C8G:6H:>CC:IG:K:CJ:DJIH>9:D;I=:/C>I:9-I6I:H.=:>C8G:6H:>CI=::;;:8I>K:I6MG6I:L6HE6GI>6AAN
D;;H:I7N6C>C8G:6H:>CI6M8G:9>IH
6C9I=:>C8DB:I6M>BE68ID;8:GI6>CCDC9:9J8I>7A:>BE6>GB:CI6C9DI=:G8=6G<:H
G:A6I:9IDAJAJA:BDC-IJ9>D
L=>8=>C8G:6H:9I=::;;:8I>K:I6MG6I:7N76H>HED>CIH>C
M8AJ9>CC8DB:I6M:;;:8IHD;I=:>BE6>GB:CI6C9DI=:G8=6G<:HG:8DO:9>CG:A6I>DCIDAJAJA:BDC-IJ9>D>C

I=:69?JHI:9:;;:8I>K:I6MG6I:L6H>C
/>8-97/






+1->;B1>E1->/4-:31
*/%+0.*!.
*/%+0.*!.
"- "*/$"
(:I>C8DB:



 


 



.=:>C8G:6H:>CC:I>C8DB:>CL6HEG>B6G>AN9J:ID6C>C8G:6H:>CID;B>AA>DC
>BE6>GB:CI6C9
G:HIGJ8IJG>C<8=6G<:HG:8DO:9>CD;B>AA>DC
6C>C8G:6H:>CDI=:G>C8DB::ME:CH:
C:ID;B>AA>DC
E6GI>6AAN
D;;H:I7N6C>C8G:6H:>CH:AA>C<
<:C:G6A6C969B>C>HIG6I>K::ME:CH:HD;B>AA>DC
6C96C>C8G:6H:>C>C8DB:I6M:ME:CH:
D;B>AA>DC
M8AJ9>CBE6>GB:CI6C9DI=:G8=6G<:HG:8DO:9>CG:A6I>DCIDAJAJA:BDC-IJ9>D>C
6C9I=:>GI6M:;;:8IH

69?JHI:9C:I>C8DB:>C8G:6H:9B>AA>DCDG
;9<->-.81%-81?-:0%-81?"1>%=A->1;;@
97:+<+,6/$+6/=
1:JH:8DBE6G67A:H6A:HID:K6AJ6I:I=:E:G;DGB6C8:D;DJG8DBE6CNDE:G6I:9HIDG:6C9:8DBB:G8:7JH>C:HH:H
;GDB6CDBC>8=6CC:AE:GHE:8I>K:#I6AADLHJHIDBDC>IDGI=:E:G;DGB6C8:D;DJG7JH>C:HHL>I=DJII=:>BE68ID;G:8:CIAN
DE:C:9DG:ME6C9:9HIDG:H1:7:A>:K:>CK:HIDGHLDJA9H>B>A6GAN;>C9I=:H:B:IG>8HJH:;JA>C6HH:HH>CC:HH
DBE6G67A:H6A:H>C8AJ9:H8DBE6G67A:8DBE6CNDE:G6I:9HIDG:6C96AA:8DBB:G8:C:IG:K:CJ:8DBB:G8:C:I
G:K:CJ:>C8AJ9:H7JNDCA>C:E>8@JE>CHIDG:
768@768@GDDB
6C9H=>E;GDBHIDG:C:IG:K:CJ:>C699>I>DCIDDJGL:7H>I:H



DI=:GG:<>DCHE:8>;>8L:7H>I:H
9><>I6AB6G@:IEA68:H
6C9BD7>A:6EEH)JG768@768@GDDB86E67>A>IN6AADLHDJGHIDG:
:9J86IDGHID688:HH>CK:CIDGNAD86I:96IDJGDI=:GAD86I>DCH6C9=6K:EGD9J8IH=>EE:99>G:8IANID6C;>86CIAN:ME6C9:9
;DG6IA:6HI;JAA;>H86A
BDCI=H(:IG:K:CJ:;GDB68DBE6CNDE:G6I:9HIDG:>H>C8AJ9:9>C8DBE6G67A:H6A:H7:<>CC>CI=I=:;>GHI;>H86ABDCI=;DG
L=>8=I=:HIDG:=6H6;JAA;>H86ABDCI=D;H6A:H>CI=:EG>DGN:6GDBE6G67A:H6A:H:M8AJ9:HH6A:H;GDBC:LHIDG:HI=6I=6K:
CDI7::CDE:C;DG6IA:6HI;JAA;>H86ABDCI=H
;GDBHIDG:HL=>8==6K:CDI7::C>CI=:>GH>;>86CIAN:ME6C9:9HE68:;DG6I
A:6HI;JAA;>H86ABDCI=H
;GDBHIDG:HL=>8==6K:7::CI:BEDG6G>ANG:AD86I:9;DGG:CDK6I>DCHDGI:BEDG6G>AN8ADH:9
6C9H6A:H
;GDB8DBE6CNDE:G6I:9HIDG:HI=6I=6K:8ADH:9DBE6G67A:H6A:H6AHD:M8AJ9:HH6A:H;GDBDJGH:AA>C<8=6CC:AHDI=:GI=6C
8DBE6CNDE:G6I:9HIDG:H6C9:8DBB:G8:.=:8DBE6G67A:H6A:HB:6HJG:HL:G:EDGIB6NCDI7::FJ>K6A:CIIDH>B>A6GAN
I>IA:9B:6HJG:HG:EDGI:97NDI=:G8DBE6C>:H
DBE6CNDE:G6I:9HIDG:H68FJ>G:96H6G:HJAID;I=:68FJ>H>I>DCD;I=:':M>8DDE:G6I>DCHL>AA7:8DCH>9:G:9
8DBE6G67A:7:<>CC>C<)8ID7:G
6;I:G;JAA;>H86ABDCI=HD;H6A:H;GDBI=:96I:D;68FJ>H>I>DC*G>DGIDI=:68FJ>H>I>DC

L=DA:H6A:H6A:HL:G:B69:ID6I=>G9E6GINJC9:G6A>8:CH:6C9HJEEAN6GG6C<:B:CI
#C;>H86AN:6GHL>I=L::@H
I=:G9L::@D;C:IG:K:CJ:>H:M8AJ9:9;GDBI=:86A8JA6I>DCD;8DBE6G67A:H6A:H#CI=:
N:6G;DAADL>C<6L::@N:6G
I=:EG>DGN:6GE:G>D9>HH=>;I:97NDC:L::@ID8DBE6G:H>B>A6G86A:C96GL::@H
$+6/=!/<$;?+
1:JH:H6A:HE:GHFJ6G:;DDIID6HH:HHI=:E:G;DGB6C8:D;DJG8DBE6CNDE:G6I:9HIDG:HG:A6I>K:IDI=:>GHFJ6G:
;DDI6<:1:7:A>:K:I=6IH6A:HE:GHFJ6G:;DDI>HJH:;JA>C:K6AJ6I>CH86A8JA6I:9JH>CK>9:97NI=:6K:G6<::C9>CD99JG>CH86AN:6GHL>I=L::@H
I=:G9L::@D;C:IG:K:CJ:>H:M8AJ9:9
;GDBI=:86A8JA6I>DCD;H6A:HE:GHFJ6G:;DDI.=:HFJ6G:;DDI6<:D;DJG8DBE6CNDE:G6I:9HIDG:H>C8AJ9:H6AAG:I6>AG:A6I:9
HE68:
>C8AJ9>CC8:6G:6H.=:H6A:HE:GHFJ6G:;DDIB:IG>8L:G:EDGIB6NCDI7:
:FJ>K6A:CIIDH>B>A6GANI>IA:9B:IG>8HG:EDGI:97NDI=:G8DBE6C>:H
 ;:"5:-:/5-81-?A>1?
DCHI6CI9DAA6G8=6C<:H6C969?JHI:9;>C6C8>6AG:HJAIH6G:CDC!*;>C6C8>6AB:6HJG:H
8DCHI6CI9DAA6G76H>H6HHJB:HI=:6K:G6<:;DG:>D9G:B6>C:98DCHI6CIL>I=I=:
6K:G6<:;DG:>D9D;I=:EG>DGN:6G1:EGDK>9:8DCHI6CI9DAA6G8=6C<:H>CDJG
G:HJAIHID=:AE>CK:HIDGHJC9:GHI6C9I=:JC9:GAN>C<CBE68ID;8=6C<:H>C;DG:>I
C
>C8DB:;GDBDE:G6I>DCH
DE:G6I>CC
>C8DB:I6M:ME:CH:
:;;:8I>K:
I6MG6I:H
C:I>C8DB:
6C99>AJI:9:6GC>CC>CK:CIDGNEGDK>H>DCH
6HH:I>BE6>GB:CIH
6C9
G:HIGJ8IJG>C<8DHIHG:8DO:9>CG:A6I>DCIDAJAJA:BDC-IJ9>D
6C9I=:G:A6I:9>C8DB:I6M:;;:8IHD;I=:H:>I:BH
1:7:A>:K:I=:H:69?JHI:9;>C6C8>6AB:6HJG:H6G:JH:;JAID>CK:HIDGH6HI=:NEGDK>9:HJEEA:B:CI6A>C;DGB6I>DCI=6I
:C67A::K6AJ6I>DCD;I=:JC9:GAN>CCDJGDE:G6I>CHDCIDDJG=>HIDG>86A;>C6C8>6A
>C;DGB6I>DC JGI=:G
9J:IDI=:;>C>I:6C99>H8G:I:C6IJG:D;I=:H:>I:BH
L:9DCDI8DCH>9:GI=:BID7:CDGB6ADE:G6I>C<
:ME:CH:HI=6I6G:C:8:HH6GNIDGJCDJG7JH>C:HH
DG>BE6>GB:CIHI=6I6G::ME:8I:9ID6G>H:>CI=:CDGB6A8DJGH:D;DJG
DE:G6I>DCH'6C6<:B:CIJH:HI=:H:69?JHI:9;>C6C8>6AB:6HJG:H6C98DCHI6CI8JGG:C8NB:IG>8H>CI:GC6AANL=:CG:K>:L>C<
6C96HH:HH>C<;>C6C8>6AE:G;DGB6C8:
.=:EG:H:CI6I>DCD;I=>H;>C6C8>6A>C;DGB6I>DC>HCDI>CI:C9:9ID7:8DCH>9:G:9>C>HDA6I>DCDG6H6HJ7HI>IJI:;DG
DGL>I=
C:C8:ID
I=:;>C6C8>6A>C;DGB6I>DCEG:E6G:96C9EG:H:CI:9>C688DG96C8:L>I=!*G:8DC8>A>6I>DCD;I=:
CDC!*;>C6C8>6AB:6HJG:H;DAADLH
L=>8=>C8AJ9:HBDG:9:I6>ADCI=:!*;>C6C8>6AB:6HJG:I=6I>HBDHI9>G:8IAN
8DBE6G67A:ID:68=CDC!*;>C6C8>6AB:6HJG:
6C9I=:G:A6I:9G:8DC8>A>6I>DCH7:IL::CI=:H:;>C6C8>6AB:6HJG:H)JGCDC
!*;>C6C8>6AB:6HJG:HB6N7:86A8JA6I:99>;;:G:CIAN;GDB
6C9I=:G:;DG:B6NCDI7:9>G:8IAN8DBE6G67A:ID
H>B>A6GANI>IA:9
B:6HJG:HG:EDGI:97NDI=:G8DBE6C>:H


98=>+8>966+<2+81/=
.=:7:ADL8=6C<:H>CC:IG:K:CJ:6C98DBE6G67A:H6A:HH=DLI=:8=6C<:8DBE6G:9IDI=:8DGG:HEDC9>CD9>CI=:
EG>DGN:6GDBE6G67A:H6A:H:M8AJ9:C:IG:K:CJ:;GDBI=:G9L::@D;


;9<->10@;


4-:31
;>153:
1D/4-:31
/4-:31?
4-:315:
/;:?@-:@
0;88->?
(:I,:K:CJ:
B:G>86H

S

=>C6'6>CA6C9



,:HID;1DGA9



.DI6AC:IG:K:CJ:



DBE6G67A:H6A:H
B:G>86H

S

=>C6'6>CA6C9



,:HID;1DGA9



.DI6A8DBE6G67A:H6A:H

S

5555555555

DBE6G67A:H6A:H>C8AJ9:H8DBE6G67A:8DBE6CNDE:G6I:9HIDG:6C9:8DBB:G8:C:IG:K:CJ:
.4?=>/.38+8-3+6/+=?CA:HI=:BDHI9>G:8IAN8DBE6G67A:B:6HJG:H86A8JA6I:9>C688DG96C8:L>I=!*L>I=I=:
69?JHI:9;>C6C8>6AB:6HJG:H;DG.=:69?JHIB:CIHG:A6I:ID8:GI6>C>CK:CIDGNEGDK>H>DCH
6HH:I>BE6>GB:CIH
6C9
G:HIGJ8IJG>C<8DHIHG:8DO:9>CG:A6I>DCIDAJAJA:BDC-IJ9>D6C9I=:>GG:A6I:9I6M:;;:8IH*A:6H:G:;:GID(DI:#BE6>GB:CI
D;!DD9L>AA6C9)I=:GHH:IH
,:HIGJ8IJG>C<DHIH>C8AJ9:9>C#I:BD;*6GI##D;I=>HG:EDGI;DG;JGI=:G>C;DGB6I>DCDCI=:
C6IJG:D;I=:H:6BDJCIH.=:G:L:G:CD69?JHI:9;>C6C8>6AB:6HJG:H;DG



>;??
">;25@
>;??
->35:
:/;91
2>;9
!<1>-@5;:?
!<1>-@5:3
->35:
:/;91&-D
D<1:?1
221/@5B1
&-D$-@1
 1@
:/;91
58A@10
->:5:3?
"1>%4->1
*/%+0.*!."3 ",/,"-.%-")+0*/.
!*G:HJAIH



 


  

 

 

AJAJA:BDC-IJ9>D8=6G<:H
AJAJA:BDC-IJ9>D
D7HDA:H8:C8:EGDK>H>DC










 

#BE6>GB:CID;6HH:IH






 

,:HIGJ8IJG>C<8DHIH






 

.6M:;;:8ID;I=:67DK:






 















 

9?JHI:9G:HJAIHCDC
!*



 


  

 

 

5=A505@E-:0-<5@-8$1?;A>/1?
)JGEG>B6GNHDJG8:HD;A>FJ>9>IN6G:DJG8JGG:CI76A6C8:HD;86H=6C986H=:FJ>K6A:CIH
86H=;ADLH;GDBDE:G6I>DCH
6C9
86E68>INJC9:GDJG8DBB>II:9G:KDAK>C<8G:9>I;68>A>IN
>C8AJ9>CC<86E>I6AG:FJ>G:B:CIH)JGEG>B6GN
86H=C::9H6G:86E>I6A:ME:C9>IJG:H;DGDE:C>CCC<:M>HI>CCK:HI>C<>CDJG
9>HIG>7JI>DC8:CI:GH
>CK:HI>C<>CI:8=CDADCCC<86E>I6AG:FJ>G:B:CIH
6C9
B6@>C886E>I6A>CK:HIB:CIH1:B6N6AHDJH:86H=IDG:EJG8=6H:H=6G:HD;DJG8DBBDCHID8@6H=6C986H=
:FJ>K6A:CIH>C:M8:HHD;DJGC::9H6G:=:A9>C>CI:G:HI7:6G>C<688DJCIHL>I=;>C6C8>6A>CHI>IJI>DCH
6HL:AA6H>CBDC:NB6G@:I
;JC9H6C9I:GB9:EDH>IH


.=:;DAADL>CO:HDJGC:I86H=;ADLHEGDK>9:97N6C9JH:9>CDE:G6I>C<
>CK:HI>C<
6C9;>C6C8>C<68I>K>I>:H
;DGI=:E:G>D9H>C9>86I:9






+1->;B1>E1->
/4-:31
*/%+0.*!.
.DI6A86H=EGDK>9:97NJH:9>C
)E:G6I>C<68I>K>I>:H



 


 


#CK:HI>C<68I>K>I>:H


 

 


 >C6C8>C<68I>K>I>:H



 

 



;;:8ID;;DG:>K6A:CIH


 

 


#C8G:6H:9:8G:6H:>C86H=6C986H=:FJ>K6A:CIH


 


 



 :/<+>381->3@3>3/=
(:I>C8DB:>C8G:6H:9B>AA>DC.=:9:8G:6H:>C86H=EGDK>9:97NDE:G6I>C<68I>K>I>:HL6HEG>B6G>AN6H6G:HJAID;6
9:8G:6H:>C86H=;ADLH;GDB8=6C<:H>CDE:G6I>C<6HH:IH6C9A>67>A>I>:HD;B>AA>DC
EG>B6G>AN9G>K:C7N8=6C<:H>C
688DJCIHE6N67A:
>CK:CIDG>:H
688GJ:98DBE:CH6I>DC
6C9DI=:G6HH:IH
E6GI>6AAND;;H:I7N8=6C<:H>C>C8DB:I6M:H6C9
688GJ:9A>67>A>I>:H.=:9:8G:6H:>C86H=EGDK>9:97NDE:G6I>C<68I>K>I>:HL6H6AHD6G:HJAID;8=6C<:H>C>BE6>GB:CI6C9DI=:G
8=6G<:HG:8DO:9>CG:A6I>DCIDAJAJA:BDC-IJ9>D>C
6C9ADL:G86H=>C;ADLHG:A6I:9ID9:G>K6I>K:H
E6GI>6AAND;;H:I7N
>C8G:6H:99:;:GG:9>C8DB:HI6M:H6C99:EG:8>6I>DC
8@/=>381->3@3>3/=
.=:>C8G:6H:>C86H=JH:9>C>CK:HI>C<68I>K>I>:HL6HEG>B6G>AN9J:IDI=:68FJ>H>I>DCD;I=:AJAJA:BDC7G6C9:9G:I6>A
AD86I>DCH6C9DE:G6I>DCHGJC7N6I=>G9E6GIN>C':M>8D*A:6H:G:;:GID(DI:8FJ>H>I>DC>C8AJ9:9>C#I:BD;*6GI##D;I=>H
CCJ6A,:EDGIDC DGB%;DG;JGI=:G>C;DGB6I>DC.=:>C8G:6H:>C86H=JH:9>C>CK:HI>C<68I>K>I>:HL6H6AHD9J:ID>C8G:6H:9
86E>I6A:ME:C9>IJG:H EG>B6G>AN9J:ID6C>C8G:6H:>CHJEEAN8=6>C>C;G6HIGJ8IJG:
8DBE6CNDE:G6I:9HIDG:H:ME:C9>IJG:H
6C9
HNHI:B>C>I>6I>K:H
E6GI>6AAND;;H:I7N69:8G:6H:>C8DGEDG6I:>C;G6HIGJ8IJG:86E>I6A:ME:C9>IJG:H.=:>C8G:6H:>C86H=JH:9>C
>CK:HI>C<68I>K>I>:HL6HE6GI>6AAND;;H:I7NI=:H:IIA:B:CID;C:I>CK:HIB:CI=:9<:H
38+8-381->3@3>3/=
.=:>C8G:6H:>C86H=JH:9>C;>C6C8>C<68I>K>I>:HL6HEG>B6G>ANI=:G:HJAID;6C>C8G:6H:>CDJGHID8@G:EJG8=6H:HJG>C<

L:G:EJG8=6H:9B>AA>DCH=6G:H6I6IDI6A8DHI>C8AJ9>C<8DBB>HH>DCH6C9:M8>H:I6M:HD;7>AA>DCJG>C<
L:
G:EJG8=6H:9B>AA>DCH=6G:H6I6IDI6A8DHI>C8AJ9>C<8DBB>HH>DCH6C9:M8>H:I6M:HD;B>AA>DC.=:8DBBDCHID8@
L6HG:EJG8=6H:9>CI=:DE:CB6G@:I6IEG:K6>A>C8:H
>C8AJ9>CCI=I=:EGDK>H>DCHD;
,JA:76C9,JA:7D;I=:-:8JG>I>:HM8=6C<:8ID;
L>I=I=:I>B>C<6C968IJ6ACJB7:GD;H=6G:HG:EJG8=6H:9
9:E:C9>CI>DCH
:A><>7>A>INIDIG69:
6C9DI=:G;68IDGH
5=A505@E!A@8;;7
1:7:A>:K:DJG86H=6C986H=:FJ>K6A:CI76A6C8:H
86H=<:C:G6I:9;GDBDE:G6I>DCH
6C97DGGDL>CA67A:IDJH
JC9:GDJG8DBB>II:9G:KDAK>C<8G:9>I;68>A>INL>AA7:69:FJ6I:IDB::IDJGA>FJ>9>INC::9H6C986E>I6A:ME:C9>IJG:
G:FJ>G:B:CIH;DG6IA:6HII=:C:MIBDCI=H)JG86H=;GDBDE:G6I>DCHB6N7:C:<6I>K:AN>BE68I:97N69:8G:6H:>C9:B6C9
;DGDJGEGD9J8IH6HL:AA6HI=:DI=:G;68IDGH9:H8G>7:9>C#I:B,>H@ 68IDGH#C699>I>DC
L:B6NB6@:9>H8G:I>DC6GN
86E>I6A>BEGDK:B:CIHL>I=G:HE:8IIDDJGHIDG:H
9>HIG>7JI>DC;68>A>I>:H
=:69FJ6GI:GH
DGHNHI:BH
DGL:B6NG:EJG8=6H:
H=6G:HJC9:G6C6EEGDK:9HID8@G:EJG8=6H:EGD8=L:LDJA9:ME:8IID;JC9I=GDJ<=I=:JH:D;86H=
>HHJ6C8:D;


9:7IDG:FJ>INH:8JG>I>:HDGDI=:G:MI:GC6A;>C6C8>CIJG:HDJID;
DJG86H=6C986H=:FJ>K6A:CIH6C986H=<:C:G6I:9;GDBDE:G6I>DCH
.=:;DAADL>CC8AJ9:H8:GI6>CB:6HJG:HD;DJGA>FJ>9>IN
1.>A->E




*/%+0.*!.
6H=6C986H=:FJ>K6A:CIH




1DG@>C<86E>I6A:M8AJ9>C<86H=6C986H=:FJ>K6A:CIH



6E68>INJC9:G8DBB>II:9G:KDAK>C<8G:9>I;68>A>IN



5555555555

1DG@>C<86E>I6A>H86A8JA6I:96H8JGG:CI6HH:IHD;7>AA>DCA:HH8JGG:CIA>67>A>I>:HD;7>AA>DC
6E>I6A:ME:C9>IJG:H6G::ME:8I:9IDG6C<:7:IL::CB>AA>DC6C9B>AA>DC>C
)JG8JGG:CI8DBB>IB:CIHL>I=G:HE:8IID>CK:CIDGNEJG8=6H:H6G:>C8AJ9:9L>I=>CDJGEJG8=6H:D7A><6I>DCHDJIA>C:9
7:ADL.=:I>B>C<6C98DHID;DJG>CK:CIDGNEJG8=6H:HL>AAK6GN9:E:C9>C:IND;;68IDGHHJ8=6HG:K:CJ:C<9:8>H>DCH
EGD9J8I8DHIH>C8AJ9>C<;G:><=I6C99JIN
6C9I=:6K6>A67>A>IND;EGD9J8I>DC86E68>IN6C9
HE::9)JG>CK:CIDGN76A6C8:6HD; :7GJ6GN
L6H7>AA>DC
6C>C8G:6H:D;;GDB$6CJ6GN
1::ME:8II=6I
DJG>CK:CIDG>:HL>AA8DCI>CJ:IDC
6C9L::ME:8II=:AA:M8::9C:IG:K:CJ:C
)JG:M>HI>C<B:G>86H8G:9>I;68>A>INEGDK>9:H;DGB>AA>DC>C8DBB>IB:CIHJC9:G6CJCH:8JG:9;>K:N:6GG:KDAK>C<
8G:9>I;68>A>IN.=:8G:9>I;68>A>IN=6H6B6IJG>IN96I:D;:8:B7:G
HD; :7GJ6GN

6H>9:;GDBA:II:GHD;8G:9>I
D;B>AA>DC
L:=69CDDI=:G7DGGDL>CCH8G:9>I;68>A>IN JGI=:G>C;DGB6I>DCG:<6G9>CI
;68>A>I>:H6C96HHD8>6I:98DK:C6CIH>HDJIA>C:9>C(DI:,:KDAK>C<G:9>I 68>A>I>:H >C8AJ9:9>C#I:BD;*6GI##D;I=>HG:EDGI
;:@>-/@A-8!.853-@5;:?-:0;995@91:@?
".".1:A:6H:8:GI6>CHIDG:6C9DI=:GG:I6>AAD86I>DCH
9>HIG>7JI>DC8:CI:GH
D;;>8:H
6C9:FJ>EB:CIJC9:GCDC
86C8:AA67A:DE:G6I>CC>I>6AI:GBHD;7:IL::CILD6C9N:6GH
6C9<:C:G6AAN86C7:
:MI:C9:9>C>C8G:B:CIH7:IL::CILD6C9;>K:N:6GH
>;6I6AA.=:;DAADL>CAHDJG;JIJG:B>C>BJBA:6H:E6NB:CIH
'>C>BJBA:6H:8DBB>IB:CIH:M8AJ9:K6G>67A:A:6H::ME:CH:H>C8AJ9>C<8DCI>C<:CIG:CIE6NB:CIH
8DBBDC6G:6
B6>CI:C6C8:
EGDE:GINI6M:H
6C9A6C9ADG9H>CHJG6C8:
0- %."+(&$/&+*. .=:6BDJCIHA>HI:9;DGEJG8=6H:D7A><6I>DCH>CI=:I67A:7:ADLG:EG:H:CI6C8AJ9>C<
DE:CEJG8=6H:DG9:GHIDEJG8=6H:EGD9J8IH6C9;DGDI=:G:ME:C9>IJG:H>CI=:DG9>C6GN8DJGH:D;7JH>C:HHI=6I6G:
:C;DG8:67A:6C9A:<6AAN7>C9>C<6C9I=6IHE:8>;N6AAH>;>86CII:GBH#CHDB:86H:H
K6AJ:H6G:HJ7?:8IID8=6C<:
HJ8=6H;DG
EGD9J8IEJG8=6H:HI=GDJ<=DJII=:EGD9J8I>DCEGD8:HH.=:G:EDGI:96BDJCIH:M8AJ9:A>67>A>I>:H>C8AJ9:9>CDJG8DCHDA>96I:9
76A6C8:H=::IH6HD; :7GJ6GN

.=:;DAADL>CO:HDJG8DCIG68IJ6A6GG6C<:B:CIH9J:7N;>H86AN:6G6HD; :7GJ6GN

6C9I=:I>B>C<
6C9:;;:8II=6IHJ8=8DBB>IB:CIH6G::ME:8I:9ID=6K:DCDJGA>FJ>9>IN6C986H=;ADLH>C;JIJG:E:G>D9H
&;@-8















&41>1-2@1>
*/%+0.*!.
)E:G6I>CC>BJBG:CI


  
  
  
  
  
  

*JG8=6H:D7A><6I>DCH


 

 

 

 

 

 
S
HD; :7GJ6GN

DJGB>C>BJBDE:G6I>CIB:CI;DG9>HIG>7JI>DC8:CI:GDE:G6I>C8==6K:
7::C8DBB>II:9ID
7JICDIN:I8DBB:C8:9
L6HB>AA>DC
L=>8=>HCDIG:;A:8I:9>CI=:I67A:67DK:
1::CI:G>CIDHI6C97NA:II:GHD;8G:9>IIDH:8JG:8:GI6>CD;DJGD7A><6I>DCH
>C8AJ9>C:HHD;
 :7GJ6GN

A:II:GHD;8G:9>I6C9A:II:GHD;C<B>AA>DC=697::C>HHJ:9
>C8AJ9>C<B>AA>DCJC9:G
DJG8DBB>II:9G:KDAK>C<8G:9>I;68>A>IN
>5@5/-8//;A:@5:3";85/51?-:0?@59-@1?
.=:EG:E6G6I>DCD;;>C6C8>6AHI6I:B:CIH>C8DC;DGB>INL>I=/-<:C:G6AAN688:EI:9688DJCI>CC8>EA:HG:FJ>G:H
B6C6<:B:CIIDB6@::HI>B6I:H6C96HHJBEI>DCH*G:9>8I>C<;JIJG::K:CIH>H>C=:G:CIAN6C>BEG:8>H:68I>K>IN6C9
6HHJ8=



G:FJ>G:HI=:JH:D;H>;>86CI?J9B6I:H>C6BDJCIHI=6IB6N7:B6I:G>6AIDI=:
;>C6C8>6AHI6I:B:CIHC688DJCI>C8N>H9::B:9ID7:8G>I>86A>;>IG:FJ>G:H6C688DJCI>C<:HI>B6I:ID7:B69:76H:9DC
6HHJBEI>DCH67DJIB6II:GHI=6I6G:=><=ANJC8:GI6>C6II=:I>B:I=::HI>B6I:>HB69:
6C9>;9>;;:G:CI:HI>B6I:HI=6I
G:6HDC67AN8DJA9=6K:7::CJH:9DG8=6C<:H>CI=:688DJCI>C<:HI>B6I:HI=6I6G:G:6HDC67ANA>@:ANIDD88JGE:G>D9>86AAN
8DJA9
B6I:G>6AAN>BE68IDJG8DCHDA>96I:9;>C6C8>6AHI6I:B:CIH
)JG8G>I>86A688DJCI>C8>:H
:HI>B6I:H
6C9?J9<:B:CIH6G:6H;DAADLH
6C9H::(DI:-JBB6GND;->;>86CI
88DJCI>C<*DA>8>:H>C8AJ9:9>C#I:BD;*6GI##;DG699>I>DC6A>C;DGB6I>DC
8@/8>9HK6AJ:96II=:ADL:GD;8DHI6C9C:IG:6A>O67A:K6AJ:1:E:G>D9>86AANG:K>:LDJG>CK:CIDG>:H6C9B6@:6
EGDK>H>DC;DGD7HDA:H8:C8:6C9IN>HHJ:HDGI=6I6G:96B6<:91:G:8DG96EGDK>H>DC6I6C6BDJCII=6I
>H:FJ6AIDI=:9>;;:G:C8:7:IL::CI=:>CK:CIDGN8DHI6C9>IHC:IG:6A>O67A:K6AJ:HD; :7GJ6GN

I=:C:I86GGN>C<
K6AJ:D;DJG>CK:CIDG>:HL6H7>AA>DC
L=>8=>C8AJ9:9EGDK>H>DCH;DGD7HDA:I:6C996B6<:9>CK:CIDGND;B>AA>DC.=:
EGDK>H>DC>H9:I:GB>C:976H:9JEDC6HHJBEI>DCH67DJIEGD9J8IFJ6A>IN
96B6<:H
;JIJG:9:B6C9
H:AA>C8:H
6C9B6G@:I
8DC9>I>DCH
/0/<+B/=98?8.3=><3,?>/.8/>38@/=>7/8>9009O:9/-HI6I:>C8DB:I6M:H6C9;DG:>I==DA9>CCK:HIB:CI>CDJGHJ7H>9>6G>:H
L=>8=L:=6K:9:I:GB>C:9ID7:>C9:;>C>I:ANG:>CK:HI:9.=>H9:I:GB>C6I>DC>H76H:9DCI=:86H=;ADLEGD?:8I>DCH6C9
DE:G6I>DC6A6C9;>H86AD7?:8I>K:HD;:68=D;DJG;DG:>9>6G>:H-J8=:HI>B6I:H6G:>C=:G:CIAN>BEG:8>H:H>C8:B6CN
6HHJBEI>DCHJI>A>O:9>CI=:EGD?:8I>DCH6G:HJ7?:8IIDG:K>H>DC>CI=:;JIJG:
 DGI=:EDGI>DCD;DJGC:I>CK:HIB:CI>CDJG6C69>6CHJ7H>9>6G>:HI=6I>HCDI>C9:;>C>I:ANG:>CK:HI:9
L:=6K:G:8DG9:9
69:;:GG:9I6MA>67>A>IN;DGI=:I6M:HL=>8=LDJA97:9J:JEDCG:E6IG>6I>DC DG9>HIG>7JI>DCHB69:7NDJG6C69>6C
HJ7H>9>6G>:H
I=:6BDJCID;I6ME6N67A:>HE6GI>6AAN9:E:C9:CIDC=DLI=:G:E6IG>6I>DCIG6CH68I>DCH6G:B69:.=:9:;:GG:9
I6MA>67>A>IN=6H7::CG:8DG9:9DCI=:76H>HI=6IL:LDJA98=DDH:IDB6@:I=:G:E6IG>6I>DCIG6CH68I>DCH>CI=:BDHII6M
:;;>8>:CIB6CC:G-E:8>;>86AAN
IDI=::MI:CII=6II=:6C69>6CHJ7H>9>6G>:H=6K:HJ;;>8>:CIE6>9JE86E>I6A
6CNHJ8=
9>HIG>7JI>DCHLDJA97:B69:6H6G:IJGCD;86E>I6A
G6I=:GI=6C6H69>K>9:C9
6C9I=:G:;DG:LDJA9CDI7:HJ7?:8IID6C69>6C
L>I==DA9>CCK:HIB:CI>CDJG6C69>6CHJ7H>9>6G>:HL6H7>AA>DC
D;L=>8=7>AA>DCL6H
9:I:GB>C:9ID7:>C9:;>C>I:ANG:>CK:HI:9.=:E6>9JE86E>I6A76A6C8:D;I=:6C69>6CHJ7H>9>6G>:HL6H6EEGDM>B6I:AN
B>AA>DC
1:=6K:G:8DO:969:;:GG:9I6MA>67>A>IND;B>AA>DC6HD; :7GJ6GN
L=>8=G:EG:H:CIHI=:6C69>6C
L>I==DA9>CDCD;DJG6C69>6C:6GC>CC9:;>C>I:ANG:>CK:HI:96C986CCDI7:
G:E6IG>6I:96H6G:IJGCD;86E>I6A
6C9/-HI6I:>C8DB:I6M:HE6N67A:JEDCG:E6IG>6I>DCD;I=:6BDJCIHL=>8=6G:CDI
>C9:;>C>I:ANG:>CK:HI:9
#C;JIJG:E:G>D9H
>;I=:C:I>CK:HIB:CI>CDJG6C69>6CHJ7H>9>6G>:H8DCI>CJ:HIDDCD;EGD;>IH7NI=:H:HJ7H>9>6G>:HDG9J:ID68=6C<:>CI=:6BDJCII=6I>H>C9:;>C>I:ANG:>CK:HI:9
L:L>AAG:8DG9
699>I>DC6A9:;:GG:9I6MA>67>A>I>:H
>C8AJ9>C<7DI=6C69>6CL>I==DA9>CC:M8:HHD;I=:E6>9JE86E>I6A
76A6C8:6C9/-HI6I:>C8DB:I6M:H
98>381/8-3/=
1:6G:>CKDAK:9>CA:<6AEGD8::9>CC<8DCIG68IJ6A6C9:BEADNB:CIG:A6I>DCH=>EH6C96K6G>:IND;DI=:G
B6II:GH1:G:8DG98DCI>C<:CIA>67>A>I>:HL=:C6ADHH>H6HH:HH:9ID7:EGD767A:6C9>IH6BDJCI>HG:6HDC67AN:HI>B67A:#;>I>H
G:6HDC67ANEDHH>7A:I=6I6B6I:G>6AADHH8DJA9D88JGI=GDJ<=DCCI><6I>DC
L:EGDK>9:9>H8ADHJG:>CI=:;DDICDI:HIDDJG
;>C6C8>6AHI6I:B:CIHHH:HH>CA>IND;ADHH6C9:HI>B6I>CG:H6C6ANH>HD;BJAI>EA:
;68IDGH
>C8AJ9>C<>CHDB:86H:H?J96A68I>DCHD;I=>G9E6GIN8A6>B6CIH6C98DJGIH-=DJA9L:
:ME:G>:C8:69K:GH:8DJGI?J96I:9DJI8DB:H9>;;:GIDDJG:ME:8I6I>DCHL>I=G:HE:8IIDHJ8=DCC<
A>I><6I>DC>I8DJA9=6K:6B6I:G>6A69K:GH::;;:8IDCDJGG:HJAIHD;DE:G6I>DCH
;>C6C8>6AEDH>I>DC
6C986H=;ADLH
%"&%%%'"&%%'$ $&#$ &%#%#$
;>153:A>>1:/ED/4-:31$5?7
-*.(/&+*&.'.=:;JC8I>DC6A8JGG:C8ND;DJG>CI:GC6I>DC6AHJ7H>9>6G>:H>H<:C:G6AANI=:6EEA>867A:AD86A8JGG:C8N)JG
8DCHDA>96I:9;>C6C8>6AHI6I:B:CIH6G:EG:H:CI:9>C/-9DAA6GH.=:G:;DG:
I=:C:IG:K:CJ:
:ME:CH:H
6HH:IH
6C9A>67>A>I>:HD;


DJG>CI:GC6I>DC6AHJ7H>9>6G>:H6G:IG6CHA6I:9;GDBI=:>G;JC8I>DC6A8JGG:C8>:H>CID/-9DAA6GH AJ8IJ6I>DCH>CI=:K6AJ:D;I=:
/-9DAA6G6;;:8II=:G:EDGI:96BDJCIHD;C:IG:K:CJ:
:ME:CH:H
6HH:IH
6C9A>67>A>I>:HH6G:HJAID;I=:;AJ8IJ6I>DC>C
:M8=6C<:G6I:H8DBE6G:9IDI=:/-9DAA6GDJGG:K:CJ:L6HB>AA>DCADL:G>C>C8DBE6G>HDCID
 DG:>;;:G:C8:HL=>8=6G>H:DCIG6CHA6I>DCD;DJG>CI:GC6I>DC6AHJ7H>9>6G>:H76A6C8:H=::IH>CID
/-9DAA6GH6G:G:8DG9:96HDI=:G8DBEG:=:CH>K:>C8DB:ADHH
C:ID;I6M>C688JBJA6I:9DI=:G8DBEG:=:CH>K:>C8DB:ADHH
L>I=>CHID8@=DA9:GH:FJ>INH>;>86CIEDGI>DCD;DJGC:I6HH:IH6G:=:A97NDJG6C69>6C9DAA6GHJ7H>9>6GN1::CI:G>CID
;DGL6G98JGG:C8N8DCIG68IH>CDG9:GID=:9<:6EDGI>DCD;I=:;DG:>6I:9L>I=I=:IG6CHA6I>DCD;DJG
C:I>CK:HIB:CI>CDJG6C69>6CHJ7H>9>6GNJG>C<
I=:>BE68IIDDI=:G8DBEG:=:CH>K:ADHHD;IG6CHA6I>DCD;DJG
6C69>6CHJ7H>9>6G>:HL6H6C>C8G:6H:>CI=:ADHHD;B>AA>DC
>C8AJH>K:D;C:I>CK:HIB:CI=:9<:<6>CH
-*. /&+*&.'1:6AHD=6K::MEDHJG:ID8=6C<:H>C;DG:>6I:9L>I=IG6CH68I>DCH
L=>8=6G:JC9:GI6@:C7NDJGHJ7H>9>6G>:H>C8JGG:C8>:HDI=:GI=6CI=:>G;JC8I>DC6A8JGG:C8N-J8=IG6CH68I>DCH>C8AJ9:
>CI:G8DBE6CNIG6CH68I>DCH6C9>CK:CIDGNEJG8=6H:H9:CDB>C6I:9>C8JGG:C8>:HDI=:GI=6CI=:;JC8I>DC6A8JGG:C8ND;I=:
EJG8=6H>C<:CI>IN1:6AHD=DA986H=6C986H=:FJ>K6A:CIH6C9DI=:GBDC:I6GN6HH:IH>C8JGG:C8>:HI=6I6G:9>;;:G:CIIDI=:
;JC8I>DC6A8JGG:C8ND;DJGHJ7H>9>6G>:HHD; :7GJ6GN

L:=698:GI6>C;DGL6G98JGG:C8N8DCIG68IHDJIHI6C9>C<>C
DG9:GID:8DCDB>86AAN=:9<:I=:;DG:>DC<6>CH6C9ADHH:HG:8DO:97NDJG;DG:>9>6G>:H

>C8AJ9>C6C6C9=>C:H:HJ7H>9>6G>:H
DCI=:>GBDC:I6GN6HH:IH6C9A>67>A>I>:H9:CDB>C6I:9>C8JGG:C8>:HDI=:GI=6C
I=:>G;JC8I>DC6A8JGG:C8N
1:E:G;DGB6H:CH>I>K>IN6C6ANH>HID9:I:GB>C:I=:B6G@:IG>H@:MEDHJG:6HHD8>6I:9L>I=I=:;6>GK6AJ:HD;DJG;DGL6G9
8JGG:C8N8DCIG68IH.=:C:I;6>GK6AJ:D;DJIHI6C9>C<9:G>K6I>K:H6HD; :7GJ6GN
L6H6C6HH:ID;B>AA>DCHD;
 :7GJ6GN

69:EG:8>6I>DC>CI=:/-9DAA6G6<6>CHII=:=:9<:98JGG:C8>:HLDJA9=6K:G:HJAI:9>CI=:C:I;6>GK6AJ:
D;DJIHI6C9>C<9:G>K6I>K:H9:EG:8>6I>C<7NB>AA>DC.=:=NEDI=:I>86A8=6C<:>CI=:;6>GK6AJ:D;I=:;DGL6G98JGG:C8N
8DCIG68IHLDJA9=6K:7::CHJ7HI6CI>6AAND;;H:I7N68DGG:HEDC9>C<7JI9>G:8I>DC6AANDEEDH>I:8=6C<:>CI=:JC9:GAN>C<=:9<:9
>I:BH
#CI=:;JIJG:
>C6C:;;DGIIDG:9J8:;DG:>H@H
L:B6N:CI:G>CID;JGI=:G9:G>K6I>K:;>C6C8>6A
>CHIGJB:CIH>C8AJ9>C<=:9<>C<699>I>DC6A8JGG:C8NE6>GH1:9DCDI
6C99DCDI>CI:C9ID
:C<6<:>CI=:EG68I>8:D;IG69>C<
9:G>K6I>K:H:8JG>I>:H;DGEGD;>I
*A:6H:G:;:GID(DI::G>K6I>K: >C6C8>6A#CHIGJB:CIH>C8AJ9:9>C#I:BD;*6GI##D;I=>HG:EDGI;DG;JGI=:G9:I6>AHDC
I=:C6IJG:D;DJG;>C6C8>6A>CHIGJB:CIH
:@1>1?@$-@1$5?7
)JG8DBB>II:9G:KDAK>C<8G:9>I;68>A>INEGDK>9:HJHL>I=6K6>A67A:7DGGDL>CC6C6BDJCIJEIDB>AA>DC
:86JH:DJGG:KDAK>C<8G:9>I;68>A>I>:H7:6G>CI:G:HI6I6K6G>67A:G6I:
L:L>AA7::MEDH:9IDB6G@:IG>H@HG:A6I>CC
>CI:G:HIG6I:H
>;L:=6K:6B:6C>C<;JADJIHI6C9>C<76A6C8:HD; :7GJ6GN

6H>9:;GDBA:II:GHD;8G:9>ID;B>AA>DC

I=:G:L:G:CD7DGGDL>CCI;68>A>I>:H1:8JGG:CIAN9DCDI:C<6<:>C6CN>CI:G:HIG6I:=:9<>C<
68I>K>IN6C98JGG:CIAN=6K:CD>CI:CI>DCID9DHD"DL:K:G
>CI=:;JIJG:
>;L:=6K:6B:6C>C<;JADJIHI6C9>C<76A6C8:JC9:G
DJGG:KDAK>C<;68>A>IN
>C6C:;;DGIIDB>I><6I:ADHH:H6HHD8>6I:9L>I=I=:H:G>H@H
L:B6N6II>B:H:CI:G>CID9:G>K6I>K:;>C6C8>6A
>CHIGJB:CIH
6AI=DJ<=L:=6K:CDI=>HIDG>86AAN9DC:HD.=:H:B6NI6@:I=:;DGBD;;DGL6G98DCIG68IH
DEI>DC8DCIG68IH
DG
>CI:G:HIG6I:HL6EH1:9DCDI
6C99DCDI>CI:C9ID
:C<6<:>CI=:EG68I>8:D;IG69>C<9:G>K6I>K:H:8JG>I>:H;DGEGD;>I
)JG86H=6C986H=:FJ>K6A:CI76A6C8:H6G:=:A9>CI=:;DGBD;86H=DC=6C9
76C@76A6C8:H
6C9H=DGII:GB9:EDH>IH
L>I=DG><>C6AB6IJG>I>:HD;I=G::BDCI=HDGA:HH
6C9>CBDC:NB6G@:I;JC9HHD; :7GJ6GN

L:=:A986H=6C986H=
:FJ>K6A:CIHD;7>AA>DC#CI:G:HI<:C:G6I:9DC86H=76A6C8:H>HHJ7?:8IIDK6G>67>A>IN6H>CI:G:HIG6I:H>C8G:6H:DG9:8G:6H:
>105@$5?7
1:=6K:86H=DC9:EDH>IL>I=K6G>DJHA6G<:
G:EJI67A:;>C6C8>6A>CHI>IJI>DCH6C9=6K:>CK:HI:9>CG6I:9BDC:N
B6G@:I;JC9H.=:6BDJCID;86H=6C986H=:FJ>K6A:CIH=:A9L>I=8:GI6>C;>C6C8>6A>CHI>IJI>DCH:M8::9HCHJG:9
A>B>IH1:6G:6AHD:MEDH:9ID8G:9>IG:A6I:9ADHH:H>CI=::K:CID;CDCE:G;DGB6C8:7NI=:;>C6C8>6A>CHI>IJI>DCHI=6I6G:
8DJCI:GE6GI>:HIDDJG;DGL6G98JGG:C8N8DCIG68IH.=:8G:9>IG>H@6BDJCI>HDJGJCG:6A>O:9<6>CHDCDJG9:G>K6I>K:
>CHIGJB:CIH
76H:9DC;DG:>B:D;CDCE:G;DGB6C8:1:=6K:CDI:ME:G>:C8:96CNADHH:HG:A6I:9ID
I=:H:>I:BH
6C9L:7:A>:K:8G:9>IG>H@ID7:B>C>B6A1:H::@IDB>C>B>O:DJG8G:9>IG>H@7N:CI:G>C<>CIDIG6CH68I>DCHL>I=
>CK:HIB:CIILDGI=N6C9G:EJI67A:;>C6C8>6A>CHI>IJI>DCH6C97NBDC>IDG>CIHI6C9>CC6C8>6A
>CHI>IJI>DCHL>I=L=DBL:IG6CH68I1:H::@IDA>B>II=:6BDJCID;:MEDHJG:L>I=6CNDC:8DJCI:GE6GIN


:28-@5;:
#C;A6I>DC6GN;68IDGHHJ8=6H>C8G:6H:H>CI=:8DHID;DJGEGD9J8I
6HL:AA6HDK:G=:698DHIH6C986E>I6A:ME:C9>IJG:HB6N
69K:GH:AN6;;:8IDJGDE:G6I>CC:9>C8G:6H:H>CIG6CHEDGI6I>DC8DHIH
L6<:H
6C9G6LB6I:G>6A8DHIH
DGDI=:G
>C;A6I>DC6GNEG:HHJG:H>CI=:;JIJG:B6N=6K:6C69K:GH::;;:8IDCDJG67>A>INIDB6>CI6>C8JGG:CIA:K:AHD;DE:G6I>CC>;
I=:H:AA>C8:HD;DJGEGD9J8IH9DCDI>C8G:6H:L>I=I=:H:>C8G:6H:98DHIH
DGL:86CCDI>9:CI>;N8DHI:;;>8>:C8>:H
#C;A6I>DC6GNEG:HHJG:H8DJA96AHDG:9J8:8DCHJB:GHE:C9>C<6C9>BE68II=:9:B6C9;DGDJGEGD9J8IH


%$%%%$
8A8A819;:-@481@5/-5:/
 *&!! %!&  %&& &%
,:EDGID;#C9:E:C9:CI,:<>HI:G:9*J7A>888DJCI>C< >GB*)#

DCHDA>96I:96A6C8:-=::IH

DCHDA>96I:9-I6I:B:CIHD;)E:G6I>DCH6C9DBEG:=:CH>K:#C8DB:

DCHDA>96I:9-I6I:B:CIHD;-ID8@=DA9:GHFJ>IN

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

#C9:M;DG(DI:HIDI=:DCHDA>96I:9 >C6C8>6A-I6I:B:CIH



$"!$&! "  &$%&$"'!' & $
.DI=:D6G9D;>G:8IDGH6C9-ID8@=DA9:GHD;AJAJA:BDC6I=A:I>86>C8
!<5:5;:?;:@415:-:/5-8%@-@191:@?-:0:@1>:-8;:@>;8;B1>5:-:/5-8$1<;>@5:3
1:=6K:6J9>I:9I=:688DBE6CN>C<8DCHDA>96I:976A6C8:H=::IHD;AJAJA:BDC6I=A:I>86>C86C9>IHHJ7H>9>6G>:HI=:
DBE6CN6HD; :7GJ6GN
6C9$6CJ6GN

6C9I=:G:A6I:98DCHDA>96I:9HI6I:B:CIHD;DE:G6I>DCH6C9
8DBEG:=:CH>K:>C8DB:
D;HID8@=DA9:GHT:FJ>IN6C9D;86H=;ADLH;DGI=:L::@N:6G:C9:9 :7GJ6GN

I=:L::@
N:6G:C9:9$6CJ6GN

6C9I=:L::@N:6G:C9:9$6CJ6GN

>C8AJ9>CK:ANG:;:GG:9
ID6HI=:8DCHDA>96I:9;>C6C8>6AHI6I:B:CIH1:6AHD=6K:6J9>I:9I=:DBE6CNTH>CI:GC6A8DCIGDADK:G;>C6C8>6AG:EDGI>C<6H
D; :7GJ6GN

76H:9DC8G>I:G>6:HI67A>H=:9>C#CI:GC6ADCIGDA#CI:HHJ:97NI=:DBB>II::
D;-EDCHDG>C<)G<6C>O6I>DCHD;I=:.G:69L6NDBB>HH>DC)-)
#CDJGDE>C>DC
I=:8DCHDA>96I:9;>C6C8>6AHI6I:B:CIHG:;:GG:9ID67DK:EG:H:CI;6>GAN
>C6AAB6I:G>6AG:HE:8IH
I=:
;>C6C8>6AEDH>I>DCD;I=:DBE6CN6HD; :7GJ6GN
6C9$6CJ6GN

6C9I=:G:HJAIHD;>IHDE:G6I>DCH6C9>IH86H=
;ADLH;DGI=:L::@N:6G:C9:9 :7GJ6GN

I=:L::@N:6G:C9:9$6CJ6GN

6C9I=:L::@N:6G:C9:9
$6CJ6GN
>C8DC;DGB>INL>I=688DJCI>CC8>EA:H<:C:G6AAN688:EI:9>CI=:/C>I:9-I6I:HD;B:G>86AHD>CDJG
DE>C>DC
I=:DBE6CNB6>CI6>C:9
>C6AAB6I:G>6AG:HE:8IH
:;;:8I>K:>CI:GC6A8DCIGDADK:G;>C6C8>6AG:EDGI>C<6HD; :7GJ6GN


76H:9DC8G>I:G>6:HI67A>H=:9>C#CI:GC6ADCIGDA#CI:HHJ:97NI=:)-)
-?5?2;>!<5:5;:?
.=:DBE6CNTHB6C6<:B:CI>HG:HEDCH>7A:;DGI=:H:8DCHDA>96I:9;>C6C8>6AHI6I:B:CIH
;DGB6>CI6>C>C<:;;:8I>K:
>CI:GC6A8DCIGDADK:G;>C6C8>6AG:EDGI>C<
6C9;DG>IH6HH:HHB:CID;I=::;;:8I>K:C:HHD;>CI:GC6A8DCIGDADK:G;>C6C8>6A
G:EDGI>C<
>C8AJ9:9>C'6C6<:B:CITHCCJ6A,:EDGIDC#CI:GC6ADCIGDADK:G >C6C8>6A,:EDGI>C<6EE:6G>C7>A>IN>HID:MEG:HHDE>C>DCHDCI=:DBE6CNTH8DCHDA>96I:9
;>C6C8>6AHI6I:B:CIH6C9DCI=:DBE6CNTH>CI:GC6A8DCIGDADK:G;>C6C8>6AG:EDGI>C<76H:9DCDJG6J9>IH1:6G:6EJ7A>8
688DJCI>C<;>GBG:<>HI:G:9L>I=I=:*J7A>8DBE6CN88DJCI>C<)K:GH><=ID6G9/C>I:9-I6I:H*)6C96G:G:FJ>G:9ID
7:>C9:E:C9:CIL>I=G:HE:8IIDI=:DBE6CN>C688DG96C8:L>I=I=:/-;:9:G6AH:8JG>I>:HA6LH6C9I=:6EEA>867A:GJA:H6C9
G:DCHD;I=:-:8JG>I>:H6C9M8=6C<:DBB>HH>DC6C9I=:*)
1:8DC9J8I:9DJG6J9>IH>C688DG96C8:L>I=I=:HI6C96G9HD;I=:*).=DH:HI6C96G9HG:FJ>G:I=6IL:EA6C6C9
E:G;DGBI=:6J9>IHIDD7I6>CG:6HDC67A:6HHJG6C8:67DJIL=:I=:GI=:8DCHDA>96I:9;>C6C8>6AHI6I:B:CIH6G:;G::D;B6I:G>6A
B>HHI6I:B:CI
L=:I=:G9J:ID:GGDGDG;G6J9
6C9L=:I=:G:;;:8I>K:>CI:GC6A8DCIGDADK:G;>C6C8>6AG:EDGI>CCI6>C:9
>C6AAB6I:G>6AG:HE:8IH
)JG6J9>IHD;I=:8DCHDA>96I:9;>C6C8>6AHI6I:B:CIH>C8AJ9:9E:G;DGB>CH@HD;B6I:G>6A
B>HHI6I:B:CID;I=:8DCHDA>96I:9;>C6C8>6AHI6I:B:CIH
L=:I=:G9J:ID:GGDGDG;G6J9
6C9E:G;DGB>CH@H-J8=EGD8:9JG:H>C8AJ9:9:M6B>C>C<
DC6I:HI76H>H
:K>9:C8:G:<6G9>CH8ADHJG:H
>CI=:8DCHDA>96I:9;>C6C8>6AHI6I:B:CIH)JG6J9>IH6AHD>C8AJ9:9:K6AJ6I>CCC8>EA:HJH:96C9H>;>86CI
:HI>B6I:HB69:7NB6C6<:B:CI
6HL:AA6H:K6AJ6I>CDCD;I=:8DCHDA>96I:9;>C6C8>6AHI6I:B:CIH)JG
6J9>ID;>CI:GC6A8DCIGDADK:G;>C6C8>6AG:EDGI>C<>C8AJ9:9D7I6>C>C<6CJC9:GHI6C9>CCI:GC6A8DCIGDADK:G;>C6C8>6A
G:EDGI>C<
6HH:HH>CH@I=6I6B6I:G>6AL:6@C:HH:M>HIH
6C9I:HI>C<6C9:K6AJ6I>CC<
:;;:8I>K:C:HHD;>CI:GC6A8DCIGDA76H:9DCI=:6HH:HH:9G>H@)JG6J9>IH6AHD>C8AJ9:9E:G;DGB>C9:G:9C:8:HH6GN>CI=:8>G8JBHI6C8:H1:7:A>:K:I=6IDJG6J9>IHEGDK>9:6G:6HDC67A:76H>H;DGDJGDE>C>DCH
125:5@5;:-:0595@-@5;:?;2:@1>:-8;:@>;8;B1>5:-:/5-8$1<;>@5:3
8DBE6CNTH>CI:GC6A8DCIGDADK:G;>C6C8>6AG:EDGI>C<>H6EGD8:HH9:H>9:G:6HDC67A:6HHJG6C8:G:<6G9>C<
I=:G:A>67>A>IND;;>C6C8>6AG:EDGI>C<6C9I=:EG:E6G6I>DCD;;>C6C8>6AHI6I:B:CIH;DG:MI:GC6AEJGEDH:H>C688DG96C8:L>I=
<:C:G6AAN688:EI:9688DJCI>CC8>EA:H8DBE6CNTH>CI:GC6A8DCIGDADK:G;>C6C8>6AG:EDGI>C<>C8AJ9:HI=DH:EDA>8>:H6C9
EGD8:9JG:HI=6I>E:GI6>CIDI=:B6>CI:C6C8:D;G:8DG9HI=6I
>CG:6HDC67A:9:I6>A
688JG6I:AN6C9;6>GANG:;A:8II=:
IG6CH68I>DCH6C99>HEDH>I>DCHD;I=:6HH:IHD;I=:8DBE6CN>>EGDK>9:G:6HDC67A:6HHJG6C8:I=6IIG6CH68I>DCH6G:G:8DG9:96H
C:8:HH6GNIDE:GB>IEG:E6G6I>DCD;;>C6C8>6AHI6I:B:CIH>C688DG96C8:L>I=<:C:G6AAN688:EI:9688DJCI>CC8>EA:H
6C9I=6I
G:8:>EIH6C9:ME:C9>IJG:HD;I=:8DBE6CN6G:7:>CC688DG96C8:L>I=6JI=DG>O6I>DCHD;B6C6<:B:CI6C9
9>G:8IDGHD;I=:8DBE6CN6C9>>>EGDK>9:G:6HDC67A:6HHJG6C8:G:<6G9>CDCDGI>B:AN9:I:8I>DCD;JC6JI=DG>O:9
68FJ>H>I>DC
JH:
DG9>HEDH>I>DCD;I=:8DBE6CNTH6HH:IHI=6I8DJA9=6K:6B6I:G>6A:;;:8IDCI=:;>C6C8>6AHI6I:B:CIH


:86JH:D;>IH>C=:G:CIA>B>I6I>DCH
>CI:GC6A8DCIGDADK:G;>C6C8>6AG:EDGI>CHHI6I:B:CIH
AHD
EGD?:8I>DCHD;6CN:K6AJ6I>DCD;:;;:8I>K:C:HHID;JIJG:E:G>D9H6G:HJ7?:8IIDI=:G>H@I=6I8DCIGDAHB6N7:8DB:
>C69:FJ6I:7:86JH:D;8=6C<:H>C8DC9>I>DCH
DGI=6II=:9:6C8:L>I=I=:EDA>8>:HDGEGD8:9JG:HB6N
9:I:G>DG6I:
>5@5/-8A05@-@@1>?
.=:8G>I>86A6J9>IB6II:G8DBBJC>86I:97:ADL>H6B6II:G6G>H>C<;GDBI=:8JGG:CIE:G>D96J9>ID;I=:8DCHDA>96I:9
;>C6C8>6AHI6I:B:CIHI=6IL6H8DBBJC>86I:9DGG:FJ>G:9ID7:8DBBJC>86I:9IDI=:6J9>I8DBB>II::6C9I=6I>G:A6I:HID
688DJCIHDG9>H8ADHJG:HI=6I6G:B6I:G>6AIDI=:8DCHDA>96I:9;>C6C8>6AHI6I:B:CIH6C9>>>CKDAK:9DJG:HE:8>6AAN8=6AA:C<>C<

HJ7?:8I>K:
DG8DBEA:M?J986I>DCD;8G>I>86A6J9>IB6II:GH9D:HCDI6AI:G>C6CNL6NDJGDE>C>DCDCI=:
8DCHDA>96I:9;>C6C8>6AHI6I:B:CIH
I6@:C6H6L=DA:
6C9L:6G:CDI
7N8DBBJC>86I>CI>86A6J9>IB6II:G7:ADL

EGDK>9>C<6H:E6G6I:DE>C>DCDCI=:8G>I>86A6J9>IB6II:GDGDCI=:688DJCIHDG9>H8ADHJG:HIDL=>8=>IG:A6I:H
*1"*/+-4,-+1&.&+*
H9:H8G>7:9>C(DI:H6C9IDI=:8DCHDA>96I:9;>C6C8>6AHI6I:B:CIH
>CK:CIDG>:H6G:K6AJ:96II=:ADL:GD;8DHI6C9
C:IG:6A>O67A:K6AJ:
6C9B6C6<:B:CIG:8DG9H6EGDK>H>DC6HC:8:HH6GNID6EEGDEG>6I:ANK6AJ:>CK:CIDG>:HI=6I6G:D7HDA:I:

=6K:FJ6A>IN>HHJ:H
DG6G:96B6<:9*GDK>H>DC:ME:CH:>HG:8DG9:9>C8DHID;96I:9C:I>CK:CIDG>:H76A6C8:L6H
B>AA>DC>C8AJH>K:D;I=:>CK:CIDGNEGDK>H>DCD;B>AA>DC.=:
6BDJCID;I=:>CK:CIDGNEGDK>H>DC>H:FJ6AIDI=:9>;;:G:C8:7:IL::CI=:8DHID;I=:>CK:CIDGN6C9>IH:HI>B6I:9C:I
G:6A>O67A:K6AJ:76H:9DC6HHJBEI>DCH67DJIEGD9J8IFJ6A>IN
96B6<:H
;JIJG:9:B6C9
H:AA>C8:H
6C9B6G@:I8DC9>I>DCH
.=:EG>C8>E6A8DCH>9:G6I>DCH;DGDJG9:I:GB>C6I>DCI=6IE:G;DGB>CCCK:CIDGNEGDK>H>DC>H6
8G>I>86A6J9>IB6II:G6G:I=:H>;>86CI?J9C9:I:GB>C>CB6I:9C:IG:6A>O67A:K6AJ:D;
>CK:CIDG>:HI=6I6G:D7HDA:I:
=6K:FJ6A>IN>HHJ:H
DG6G:96B6<:9
L=>8=>CIJGCA:9ID6=><=9:IDG?J9K>IN
6C9:;;DGI>CE:G;DGB>CC<6J9>I:K>9:C8:G:A6I>CCK:CIDGNEGDK>H>DC
99G:HH>CCKDAK:9E:G;DGB>CC<6J9>I:K>9:C8:>C8DCC:8I>DCL>I=;DGB>CC>DCDCI=:8DCHDA>96I:9;>C6C8>6AHI6I:B:CIH.=:H:EGD8:9JG:H>C8AJ9:9I:HI>CK:C:HHD;8DCIGDAH
G:A6I>C:LD;I=:>CK:CIDGNEGDK>H>DC>C8AJ9>CDCHJH:9.=:H:EGD8:9JG:H6AHD>C8AJ9:9
6BDC<
DI=:GH
>D7H:GK>C86A8DC9>I>DCD;>CK:CIDG>:H9JG>C<>CK:CIDGN8DJCIH>>:K6AJ6I>C6I:C:HHD;
B6C6<:B:CITHEGD8:HH;DG9:K:ADE>CB6I:HD;C:IG:6A>O67A:K6AJ:>>>I:HI>C67>A>IND;G:EDGIHJH:97N
B6C6<:B:CI7N6CCKI:HI>CDCH67DJIFJ6A>IN
96B6<:H

;JIJG:9:B6C9
H:AA>C8:H6C9B6G@:I8DC9>I>DCH7N8DCH>9:G>C<=>HIDG>86AIG:C9H6C98DCH>HI:C8NL>I=:K>9:C8:D7I6>C:9
>CDI=:G6G:6HD;I=:6J9>I6C9K8DGGD7DG6I>CDCHL>I=>C9>K>9J6AHL>I=>CI=:EGD9J8II:6B

H
*G>8:L6I:G=DJH:DDE:GH&&*
=6GI:G:9*GD;:HH>DC6A88DJCI6CIH
06C8DJK:G
6C696
'6G8=

1:=6K:H:GK:96HI=:DBE6CNH6J9>IDGH>C8:


8A8A819;:-@481@5/-5:/
! %!& %&%

)+0*/.&*/%+0.*!."3 ",/,"-.%-")+0*/.
1.>A->E




-:A->E




%%&%
JGG:CI6HH:IH
6H=6C986H=:FJ>K6A:CIH








88DJCIHG:8:>K67A:
C:I






#CK:CIDG>:H








*G:E6>96C9G:8:>K67A:>C8DB:I6M:H






*G:E6>9:ME:CH:H6C9DI=:G8JGG:CI6HH:IH














*GDE:GIN6C9:FJ>EB:CI
C:I








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








!DD9L>AA






#CI6C<>7A:6HH:IH
C:I




S
:;:GG:9>C8DB:I6M6HH:IH






)I=:GCDC8JGG:CI6HH:IH














&% %&!!$%#'&+
JGG:CIA>67>A>I>:H
88DJCIHE6N67A:






88GJ:9A>67>A>I>:H6C9DI=:G






88GJ:98DBE:CH6I>DC6C9G:A6I:9:ME:CH:H






JGG:CIA:6H:A>67>A>I>:H






JGG:CI>C8DB:I6M:HE6N67A:






/CG:9::B:9<>;I86G9A>67>A>IN






)I=:G8JGG:CIA>67>A>I>:H














(DC8JGG:CIA:6H:A>67>A>I>:H








(DC8JGG:CI>C8DB:I6M:HE6N67A:

S



:;:GG:9>C8DB:I6MA>67>A>I>:H






)I=:GCDC8JGG:CIA>67>A>I>:H














DBB>IB:CIH6C98DCI>C<:C8>:H
-ID8@=DA9:GH:FJ>IN
/C9:H>O:9CDC:>HHJ:96C9DJIHI6C9>C<

S

S
M8=6C<:67A:HID8@
CDE6GK6AJ:
H=6G:H6JI=DG>O:9
6C9
>HHJ:96C9DJIHI6C9>C<

S

S
-E:8>6AKDI>CO:9
6C9
>HHJ:96C9
DJIHI6C9>C<

S

S
DBBDCHID8@
E6GK6AJ:
H=6G:H6JI=DG>O:9
6C9
>HHJ:96C9DJIHI6C9>C<




99>I>DC6AE6>9>C86E>I6A






,:I6>C:9:6GC>CK:ADHH


 


















-::688DBE6CN>C96I:9;>C6C8>6AHI6I:B:CIH


8A8A819;:-@481@5/-5:/
! %!&%&& &%!!"$&! % !"$ %( !

)+0*/.&*/%+0.*!."3 ",/,"-.%-")+0*/.
5?/-8+1->:010
1.>A->E




-:A->E




-:A->E




(:IG:K:CJ:



 


 



DHID;I



 


 



-:AA>C<
<:C:G6A6C969B>C>HIG6I>K::ME:CH:H



 


 



#BE6>GB:CID;AA6C9DI=:G6HH:IH
G:HIGJ8IJG>C<8DHIH

S 

 


BDGI>O6I>DCD;>CI6C<>7A:6HH:IH


 

 


!6>CDC9>HEDH6AD;6HH:IH

S 
S 


#C8DB:;GDBDE:G6I>DCH



 


 



)I=:G>C8DB::ME:CH:
C:I


 

 


#C8DB:7:;DG:>C8DB:I6M:ME:CH:



 


 



#C8DB:I6M:ME:CH:


 

 


(:I>C8DB:



 


 


)I=:G8DBEG:=:CH>K:>C8DB:ADHH
C:ID;I6M
 DG:>DC69?JHIB:CI


 

 


(:I>CK:HIB:CI=:9<:<6>CHADHH:H


 

 


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


 

 


DBEG:=:CH>K:>C8DB:



 


 


6H>8:6GC>CAJI:9:6GC>C8L:><=I:96K:G6<:CJB7:GD;H=6G:HDJIHI6C9>C<


 

 


>AJI:9L:><=I:96K:G6<:CJB7:GD;H=6G:HDJIHI6C9>C<


 

 


-::688DBE6CN>C96I:9;>C6C8>6AHI6I:B:CIH


8A8A819;:-@481@5/-5:/
! %!&%&& &%!%&!!$%#'&+

)+0*/.&*/%+0.*!.
6A6C8:6HD;$6CJ6GN









S
 






 




 



(:I>C8DB:






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


 


DBBDCHID8@>HHJ:9
JEDC:M8=6C<:D;
:M8=6C<:67A:H=6G:H

 
 
S



S

S

S
-ID8@76H:9
8DBE:CH6I>DC:ME:CH:






DBBDCHID8@>HHJ:9
JEDCH:IIA:B:CID;
HID8@76H:9
8DBE:CH6I>DC










-=6G:HL>I==:A9G:A6I:9
IDC:IH=6G:H:IIA:B:CI
D;HID8@76H:9
8DBE:CH6I>DC

 
S






,:EJG8=6H:D;8DBBDC
HID8@
>C8AJ9>C<:M8>H:
I6M


 
 

 





6A6C8:6HD;$6CJ6GN









S
 






 




 



(:I>C8DB:








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


 


-ID8@76H:9
8DBE:CH6I>DC:ME:CH:






DBBDCHID8@>HHJ:9
JEDCH:IIA:B:CID;
HID8@76H:9
8DBE:CH6I>DC










-=6G:HL>I==:A9G:A6I:9
IDC:IH=6G:H:IIA:B:CI
D;HID8@76H:9
8DBE:CH6I>DC

 
S






,:EJG8=6H:D;8DBBDC
HID8@
>C8AJ9>C<:M8>H:
I6M


 
 

 





6A6C8:6HD;$6CJ6GN









S
 






 




 



D/4-:31-.81
%@;/7
%<1/5-8(;@5:3%@;/7
;99;:%@;/7
005@5;:-8
"-505:-<5@-8
$1@-5:10
->:5:3?
//A9A8-@10
!@41>
;9<>141:?5B1
;??
&;@-8
%@;/74;801>?
=A5@E
%4->1?
%4->1?
"->
(-8A1
%4->1?
"->
(-8A1


(:I>C8DB:








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


 


-ID8@76H:9
8DBE:CH6I>DC:ME:CH:






DBBDCHID8@>HHJ:9
JEDCH:IIA:B:CID;
HID8@76H:9
8DBE:CH6I>DC










-=6G:HL>I==:A9G:A6I:9
IDC:IH=6G:H:IIA:B:CI
D;HID8@76H:9
8DBE:CH6I>DC

 
S






,:EJG8=6H:D;8DBBDC
HID8@
>C8AJ9>C<:M8>H:
I6M


 
 

  






6A6C8:6HD; :7GJ6GN









S
 






 




 



D/4-:31-.81
%@;/7
%<1/5-8(;@5:3%@;/7
;99;:%@;/7
005@5;:-8
"-505:-<5@-8
$1@-5:10
->:5:3?
//A9A8-@10
!@41>
;9<>141:?5B1
;??
&;@-8
%@;/74;801>?
=A5@E
%4->1?
%4->1?
"->
(-8A1
%4->1?
"->
(-8A1
-::688DBE6CN>C96I:9;>C6C8>6AHI6I:B:CIH


8A8A819;:-@481@5/-5:/
! %!&%&& &%!%!)%

)+0*/.&*/%+0.*!.
5?/-8+1->:010
1.>A->E




-:A->E




-:A->E




6H=;ADLH;GDBDE:G6I>C<68I>K>I>:H
(:I>C8DB:



 


 


9?JHIB:CIHIDG:8DC8>A:C:I>C8DB:IDC:I86H=EGDK>9:97NDE:G6I>C<68I>K>I>:H
:EG:8>6I>DC6C96BDGI>O6I>DC


 

 


AJAJA:BDC-IJ9>DD7HDA:H8:C8:EGDK>H>DC

S 

 


#BE6>GB:CID;AA6C9DI=:G6HH:IH
G:HIGJ8IJG>C<8DHIH

S 

 


!6>CDC9>HEDH6AD;6HH:IH

S 
S 


-ID8@76H:98DBE:CH6I>DC:ME:CH:


 

 


:G:8DI>DCD;JCG:9::B:9<>;I86G9A>67>A>IN


 

 


-:IIA:B:CID;9:G>K6I>K:HCDI9:H>C6=:9<>CDCH=>E


 

 


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


 

 


=6C<:H>CDE:G6I>C<6HH:IH6C9A>67>A>I>:H
88DJCIHG:8:>K67A:


 

 


#CK:CIDG>:H


 

 


*G:E6>96C9G:8:>K67A:>C8DB:I6M:H


 

 


*G:E6>9:ME:CH:H6C9DI=:G8JGG:CI6HH:IH


 

 


)I=:GCDC8JGG:CI6HH:IH


 

 


88DJCIHE6N67A:


 

 


88GJ:9A>67>A>I>:H6C9DI=:G


 

 


88GJ:98DBE:CH6I>DC6C9G:A6I:9:ME:CH:H


 

 


JGG:CI6C9CDC8JGG:CI>C8DB:I6M:HE6N67A:


 

 


/CG:9::B:9<>;I86G9A>67>A>IN


 

 


,><=ID;JH:A:6H:6HH:IH6C98JGG:CI6C9CDC8JGG:CIA:6H:A>67>A>I>:H


 

 


)I=:G8JGG:CI6C9CDC8JGG:CIA>67>A>I>:H


 

 


(:I86H=EGDK>9:97NDE:G6I>C<68I>K>I>:H



 


 


6H=;ADLH;GDB>CK:HI>C<68I>K>I>:H
*JG8=6H:D;EGDE:GIN6C9:FJ>EB:CI


 

 


-:IIA:B:CID;C:I>CK:HIB:CI=:9<:H


 

 


8FJ>H>I>DC
C:ID;86H=68FJ>G:9


 
S 
S
)I=:G>CK:HI>C<68I>K>I>:H


 
 


(:I86H=JH:9>C>CK:HI>C<68I>K>I>:H


 

 


6H=;ADLH;GDB;>C6C8>C<68I>K>I>:H
*GD8::9H;GDBH:IIA:B:CID;HID8@76H:98DBE:CH6I>DC


 

 


.6M:HE6>9G:A6I:9IDC:IH=6G:H:IIA:B:CID;HID8@76H:98DBE:CH6I>DC


 

 


,:EJG8=6H:D;8DBBDCHID8@



 

 


)I=:G;>C6C8>C<68I>K>I>:H

 
 

(:I86H=JH:9>C;>C6C8>C<68I>K>I>:H



 

 


;;:8ID;;DG:>K6A:CIH


 

 


#C8G:6H:9:8G:6H:>C86H=6C986H=:FJ>K6A:CIH


 


 


6H=6C986H=:FJ>K6A:CIH
7:<>CC>CD9



 


 



6H=6C986H=:FJ>K6A:CIH
:C9D;E:G>D9



 


 



-::688DBE6CN>C96I:9;>C6C8>6AHI6I:B:CIH


8A8A819;:-@481@5/-5:/
 *!$ !&%&!&! %!&  %&& &%
(DI:
(6IJG:D;)E:G6I>DCH6C96H>HD;*G:H:CI6I>DC

(DI:
-JBB6GND;->;>86CI88DJCI>C<*DA>8>:H

(DI:
#CK:CIDG>:H

(DI:
*G:E6>9ME:CH:H6C9)I=:GJGG:CIHH:IH

(DI:
*GDE:GIN6C9FJ>EB:CI

(DI:
8FJ>H>I>DC

(DI:
!DD9L>AA

(DI:
#CI6C<>7A:HH:IH

(DI:
#BE6>GB:CID;!DD9L>AA6C9)I=:GHH:IH
,:HIGJ8IJG>C<DHIH

(DI:
)I=:G(DCJGG:CIHH:IH

(DI:
88GJ:9&>67>A>I>:H6C9)I=:G

(DI:
,:KDAK>C<G:9>I 68>A>I>:H

(DI:
-JEEAN=6>C >C6C8>C<*GDIN

(DI:
-ID8@6H:9DBE:CH6I>DC6C9:C:;>I*A6CH

(DI:
 6>G06AJ:':6HJG:B:CI

(DI:
:G>K6I>K: >C6C8>6A#CHIGJB:CIH

(DI:
&:6H:H

(DI:
#C8DB:.6M:H

(DI:
6GC>CIB:CIH6C9DCI>C<:C8>:H

(DI:
-JEEA:B:CI6A6H= ADL#C;DGB6I>DC

(DI:
-:DC

(DI:
>H6<1;2!<1>-@5;:?-:0-?5?;2">1?1:@-@5;:
+>?398=
AJAJA:BDC6I=A:I>86>C8
6:A6L6G:8DGEDG6I>DC
AJAJA:BDC6C9
ID<:I=:GL>I=>IHHJ7H>9>6G>:HJCA:HHI=:8DCI:MI
DI=:GL>H:G:FJ>G:H
I=:DBE6CN>H:C<6<:9>CI=:9:H>HIG>7JI>DC
6C9G:I6>AD;I:8=C>86A6I=A:I>86EE6G:A
;DDIL:6G

6C9688:HHDG>:H.=:DBE6CNDG<6C>O:H>IHDE:G6I>DCH>CID;DJGG:<>DC6AB6G@:IHB:G>86H
=>C6'6>CA6C9
H>6*68>;>8
*
6C9JGDE:6C9I=:'>99A:6HI'#I8DC9J8IH>IH7JH>C:HHI=GDJ<=6CJB7:GD;9>;;:G:CI8=6CC:AH>C:68=
B6G@:I
>C8AJ9>C<8DBE6CNDE:G6I:9HIDG:H
:8DBB:G8:
DJIA:IH
I:BEDG6GNAD86I>DCH
L=DA:H6A:
A>8:CH:6C9HJEEAN
6GG6C<:B:CIH
6C96G:8DBB:G8:EGDCDE:G6I>DC6HD;
 :7GJ6GN

$6CJ6GN

6C9$6CJ6GN

G:HE:8I>K:AN
+=3=90:+>398
.=:8DCHDA>96I:9;>C6C8>6AHI6I:B:CIH=6K:7::CEG:H:CI:9>C/-9DAA6GH6C96G:EG:E6G:9>C688DG96C8:L>I=/C>I:9
-I6I:H<:C:G6AAN688:EI:9688DJCI>CC8>EA:H!*
)C-:EI:B7:G

I=:DBE6CN68FJ>G:9I=:AJAJA:BDC7G6C9:9G:I6>AAD86I>DCH6C9DE:G6I>DCHGJC7N6I=>G9
E6GIN>C':M>8D.=:DBE6CN=69EG:K>DJHANG9E6GINI=:G><=IIDDE:G6I:G:I6>AAD86I>DCH6C9IDH:AAAJAJA:BDC
EGD9J8IH>C':M>8D.=:G:HJAIHD;DE:G6I>DCH
;>C6C8>6AEDH>I>DC
6C986H=;ADLHD;I=:':M>8DDE:G6I>DCH=6K:7::C>C8AJ9:9
>CI=:DBE6CNH8DCHDA>96I:9;>C6C8>6AHI6I:B:CIHH>C8:I=:96I:D;68FJ>H>I>DC*A:6H:G:;:GID(DI:8FJ>H>I>DC;DG
;JGI=:G>C;DGB6I>DC
.=:DBE6CNH;>H86AN:6G:C9HDCI=:-JC96N8ADH:HIID$6CJ6GND;I=:;DAADL>C86AANG:HJAI>C<>C6
L::@N:6G
7JID886H>DC6AAN<>K>CH:ID6C699>I>DC6AL::@
G:HJAI>C<>C6L::@N:6G >H86AL6H6L::@N:6G
 >H86A6C9;>H86AL:G::68=L::@N:6GH >H86A

6C9:C9:9DC :7GJ6GN

$6CJ6GN


6C9$6CJ6GN

G:HE:8I>K:AN
6C96G:G:;:GG:9ID6H

6C9
G:HE:8I>K:AN
.=:DBE6CNH7JH>C:HH>H6;;:8I:97NI=:E6II:GCD;H:6HDC6A>IN8DBBDCIDBDHIG:I6>A6EE6G:A7JH>C:HH:H
">HIDG>86AAN
I=:DBE6CN=6HG:8DO:96H>;>86CIEDGI>DCD;>IHDE:G6I>CI>CI=:;DJGI=;>H86AFJ6GI:GD;:68=N:6G6H
6G:HJAID;>C8G:6H:9C:IG:K:CJ:9JG>C96NH:6HDC
 ;@1
%A99->E;2%53:525/-:@//;A:@5:3";85/51?
!<38-3:6/=90-98=963.+>398
.=:8DCHDA>96I:9;>C6C8>6AHI6I:B:CIH>C8AJ9:I=:688DJCIHD;AJAJA:BDC6I=A:I>86>C86C9>IHL=DAANDLC:9
HJ7H>9>6G>:HAA>CI:G8DBE6CN76A6C8:H6C9IG6CH68I>DCH=6K:7::C:A>B>C6I:9
+=2+8.-+=2/;?3@+6/8>=
6H=6C986H=:FJ>K6A:CIH8DCH>HID;86H=DC=6C9
76C@76A6C8:H
BDC:NB6G@:I;JC9H
6C9H=DGII:GB9:EDH>IHL>I=
DG><>C6AB6IJG>I>:HD;I=G::BDCI=HDGA:HH.=:DBE6CN=6HCDI:ME:G>:C8:96CNADHH:HG:A6I:9IDI=:H:76A6C8:H
6C9
B6C6<:B:CI7:A>:K:HI=:DBE6CNH8G:9>IG>H@ID7:B>C>B6A
--9?8>=K67A:EG>B6G>AN6G>H:DJID;I=>G9E6GIN<>;I86G9H6A:H
H6A:HIDL=DA:H6A:688DJCIH
DCA>C:B6G@:IEA68:H

9JING:8:>K67A:H
6C9A>8:CH:6C9HJEEAN6GG6C<:B:CIH.=:6AADL6C8:;DG9DJ7I;JA688DJCIHG:EG:H:CIHB6C6<:B:CIH7:HI
:HI>B6I:D;EGD767A:8G:9>IADHH:H>C688DJCIHG:8:>K67A:,:8:>K67A:H6G:LG>II:CD;;6<6>CHII=:6AADL6C8:L=:C
B6C6<:B:CI7:A>:K:HI=6II=:6BDJCIG:8:>K67A:L>AACDI7:G:8DK:G:9HD; :7GJ6GN
6C9$6CJ6GN

I=:
DBE6CN=696C>CH>;>86CI6AADL6C8:;DG9DJ7I;JA688DJCIH
8@/8>9<3/=
#CK:CIDG>:H
8DCH>HI>CC>H=:9CK:CIDG>:H>CIG6CH>I
6C9G6LB6I:G>6AH
6G:HI6I:96II=:ADL:GD;8DHI6C9
C:IG:6A>O67A:K6AJ:DHI>H9:I:GB>C:9JH>C<=I:96K:G6<:8DHIH
6C9>C8AJ9:H6AA8DHIH>C8JGG:9ID9:A>K:G>CK:CIDGNID
I=:DBE6CNH9>HIG>7JI>DC8:CI:GH>C8AJ9>C<;G:><=I
CDCG:;JC967A:I6M:H
9JIN
6C9DI=:GA6C9>C<8DHIH


.=:DBE6CNE:G>D9>86AANG:K>:LH>IH>CK:CIDG>:H6C9B6@:H6EGDK>H>DC6HC:8:HH6GNID6EEGDEG>6I:ANK6AJ:IN>HHJ:H
DG6G:96B6<:9.=:6BDJCID;I=:EGDK>H>DC>H:FJ6AIDI=:9>;;:G:C8:7:IL::CI=:8DHID;
I=:>CK:CIDGN6C9>IHC:IG:6A>O67A:K6AJ:76H:9JEDC6HHJBEI>DCH67DJIEGD9J8IFJ6A>IN
96B6<:H
;JIJG:9:B6C9
H:AA>C<
EG>8:H
6C9B6G@:I8DC9>I>DCH#;8=6C<:H>CB6G@:I8DC9>I>DCHG:HJAI>CG:9J8I>DCH>CI=::HI>B6I:9C:IG:6A>O67A:K6AJ:D;>IH
>CK:CIDGN7:ADL>IHEG:K>DJH:HI>B6I:
I=:DBE6CNLDJA9>C8G:6H:>IHEGDK>H>DC>CI=:E:G>D9>CL=>8=>IB69:HJ8=6
9:I:GB>C6I>DC
#C699>I>DC
I=:DBE6CNEGDK>9:H;DG>CK:CIDGNH=G>C@6<:76H:9DC=>HIDG>86AIG:C9H;GDB68IJ6AE=NH>86A>CK:CIDGN
8DJCIH#CK:CIDGNH=G>C@6<::HI>B6I:H6G:B69:IDG:9J8:I=:>CK:CIDGNK6AJ:;DGADHIDGHIDA:C>I:BH.=:DBE6CNE:G;DGBH
E=NH>86A>CK:CIDGN8DJCIH6C98N8A:8DJCIHI=GDJ<=DJII=:N:6G6C969?JHIHI=:H=G>C@EGDK>H>DC688DG9>C398=
.=:EJG8=6H:EG>8:D;6C68FJ>H>I>DC>HB:6HJG:96HI=:6<GK6AJ:D;I=:8DCH>9:G6I>DCIG6CH;:GG:9
>C8AJ9>CH>I>DC96I:;6>GK6AJ:D;I=:DBE6CNHEG:K>DJHAN=:A9:FJ>IN>CI:G:HIH.=:EJG8=6H:EG>8:>H6AAD86I:9ID
I=:;6>GK6AJ:HD;I=:I6C<>7A:6C9>CI6C<>7A:6HH:IH68FJ>G:96C9A>67>A>I>:H6HHJB:9
L>I=6CN:M8:HHG:8DG9:96HAA
.=:H:;6>GK6AJ:9:I:GB>C6I>DCHG:FJ>G:?J9CKDAK:I=:JH:D;H>;>86CI:HI>B6I:H6C96HHJBEI>DCH.=:
EJG8=6H:EG>8:6AAD86I>DCB6N7:EGDK>H>DC6A9JG>C<6B:6HJG:B:CIE:G>D9D;JEIDDC:N:6GIDEGDK>9:G:6HDC67A:I>B:ID
D7I6>CI=:>C;DGB6I>DCC:8:HH6GNID>9:CI>;N6C9B:6HJG:I=:6HH:IH68FJ>G:96C9A>67>A>I>:H6HHJB:9CNHJ8=B:6HJG:B:CI
E:G>D969?JHIB:CIH6G:G:8DO:9>CI=:E:G>D9>CL=>8=I=:69?JHIB:CI6BDJCI>H9:I:GB>C:9.G6CH68I>DC8DHIH6HHD8>6I:9
L>I=I=:68FJ>H>I>DC6G::ME:CH:96H>C8JGG:9
99.A366
!DD9L>AAG:EG:H:CIHI=::M8:HHD;I=:6<9:G6I>DCIG6CH;:GG:9
I=:;6>GK6AJ:D;6CNCDC8DCIGDAA>C<
>CI:G:HI>CI=:68FJ>G::
6C9I=:68FJ>H>I>DC96I:;6>GK6AJ:D;I=:DBE6CNHEG:K>DJHAN=:A9:FJ>IN>CI:G:HIDK:GI=:C:I
6HH:IH68FJ>G:96C9A>67>A>I>:H6HHJB:9!DD9L>AA>H6AAD86I:9IDI=:G:EDGI>CIL=>8=>H:ME:8I:9IDG:8:>K:I=:7:C:;>I
;GDBI=:HNC:G<>:HD;I=:8DB7>C6I>DC
!DD9L>AA>HI:HI:96CCJ6AAN;DG>BE6>GB:CIDGBDG:;G:FJ:CIANL=:C6C:K:CIDG8>G8JBHI6C8:>C9>86I:HI=6IAA
B><=I7:>BE6>G:9!:C:G6AAN
I=:DBE6CN;>GHIE:G;DGBH6FJ6A>I6I>K:6HH:HHB:CIID9:I:GB>C:L=:I=:G>I>HBDG:A>@:AN
I=6CCDII=6II=:;6>GK6AJ:D;6G:EDGI>CI>HA:HHI=6C>IH86GGN>CC9>86I:I=6II=>H>HI=:86H:
I=:
DBE6CNI=:C:HI>B6I:HI=:;6>GK6AJ:D;I=:G:A6I:9G:EDGI>CI#;I=:;6>GK6AJ:>HA:HHI=6CI=:86GGN>CAAD;I=:G:EDGI>CI>H9:I:GB>C:9ID7:>BE6>G:96C9I=:DBE6CNL>AAG:8DG96C>BE6>GB:CI:FJ6AIDI=::M8:HHD;
I=:86GGN>CIH;6>GK6AJ:
8>+813,6/+==/>=
8FJ>G:9;>C>I:A>K:9>CI6C<>7A:6HH:IH6G:6BDGI>O:9DC6HIG6><=IA>C:76H>HDK:GI=:>G:HI>B6I:9JH:;JAA>K:H
6C96G:
G:K>:L:9;DG>BE6>GB:CIL=:C:K:CIHDG8>G8JBHI6C8:H>C9>86I:I=6II=:6HH:I8=I=:>CI6C<>7A:6HH:IH7:ADC<
B><=I7:>BE6>G:9.=:DBE6CNG:K>H:HI=::HI>B6I:9G:B6>C>C;:D;I=:H:6HH:IHL=:C:K:CIHDG8=6C<:H>C
8>G8JBHI6C8:HL6GG6CI6G:K>H>DC#;I=:DBE6CNG:K>H:HI=:JH:;JAA>;:
I=:JC6BDGI>O:976A6C8:>H6BDGI>O:9DK:GI=:
G:B6>C>C;:DC6EGDHE:8I>K:76H>H
!<9:/<>C+8./;?3:7/8>
*GDE:GIN6C9:FJ>EB:CI6G:G:8DG9:96I8DHIA:HH688JBJA6I:99:EG:8>6I>DC>G:8I>CI:GC6A6C9:MI:GC6A8DHIHG:A6I:9
IDHD;IL6G:JH:9;DG>CI:GC6AEJGEDH:HL=>8=6G:>C8JGG:99JG>C86I>DC9:K:ADEB:CIHI6<:DG;DGJEDC6A>IN6G:86E>I6A>O:9AADI=:G8DHIHG:A6I:9ID>CI:GC6AJH:HD;IL6G:6G::ME:CH:96H>C8JGG:9*GDE:GIN6C9
:FJ>EB:CI86GGN>C:L:9;DG>BE6>GB:CIL=:C:K:CIHDG8>G8JBHI6C8:H>C9>86I:I=6II=:6HH:I8=
I=:EGDE:GIN6C9:FJ>EB:CI7:ADC<=I7:>BE6>G:9
:EG:8>6I>DC8DBB:C8:HL=:C6C6HH:I>HG:69N;DG>IH>CI:C9:9JH:J>A9>C6I:9DC6HIG6><=IA>C:76H>H
DK:GI=::ME:8I:9JH:;JAA>;:D;I=:6HH:I
L=>8=>H>C9>K>9J6AAN6HH:HH:9
6C9:HI>B6I:9ID7:JEIDN:6GH&:6H:=DA9
>BEGDK:B:CIH6G:9:EG:8>6I:9DC6HIG6><=IA>C:76H>HDK:GI=:A:HH:GD;I=::ME:8I:9A:6H:I:GB6C9I=::HI>B6I:9JH:;JAA>;:
D;I=:>BEGDK:B:CI
ID6B6M>BJBD;N:6GH;DGHIDG:H6C9N:6GH;DG8DGEDG6I:D;;>8:H6C99>HIG>7JI>DC8:CI:GHAADI=:G
EGDE:GIN6C9:FJ>EB:CI6G:9:EG:8>6I:9JH>CC>C<76A6C8:B:I=D96H;DAADLH
 JGC>IJG:6C9;>MIJG:H

DBEJI:G=6G9L6G:6C9HD;IL6G:

FJ>EB:CI6C9K:=>8A:H



69?.97:?>381<<+81/7/8>=
.=:DBE6CN>C8JGH8DHIHID>BEA:B:CI8ADJ98DBEJI>C<6GG6C<:B:CIH=DHI:97NI=>G9E6GINK:C9DGHDHIH>C8JGG:9
ID>BEA:B:CI8ADJ98DBEJI>C8:6GG6C<:B:CIH6G:86E>I6A>O:9L=:C>C8JGG:99JG>C86I>DC9:K:ADEB:CI
E=6H:
6C9G:8DO:96HDI=:GCDC8JGG:CI6HH:IH#BEA:B:CI6I>DC8DHIH6G:HJ7H:FJ:CIAN6BDGI>O:9DK:GI=::ME:8I:9I:GB
D;I=:G:A6I:98ADJ9H:GK>8:.=:86GGN>CC<>BEA:B:CI6I>DC8DHIH6G:I:HI:9;DG>BE6>GB:CIL=:C6C
:K:CIDG8>G8JBHI6C8:>C9>86I:HI=6II=:6HH:IB><=I7:>BE6>G:9=6C<:H>C8ADJ98DBEJI>C<6GG6C<:B:CI>BEA:B:CI6I>DC
8DHIH6G:8A6HH>;>:9L>I=>CDE:G6I>C<68I>K>I>:H>CI=:8DCHDA>96I:9HI6I:B:CIHD;86H=;ADLH
7:+3<7/8>90698163@/.+==/>=
&DC<A>K:96HH:IH
=:A9;DGJH:6G::K6AJ6I:9;DG>BE6>GB:CIL=:CI=:D88JGG:C8:D;:K:CIHDG68=6C<:>C
8>G8JBHI6C8:H>C9>86I:HI=6II=:86GGN>CCG86GGN>C<
K6AJ:IDI=::HI>B6I:9JC9>H8DJCI:9;JIJG:86H=;ADLH<:C:G6I:97NI=:>GJH:6C9:K:CIJ6A9>HEDH>I>DC#BE6>G:96HH:IH6G:
G:8DG9:96I;6>GK6AJ:
9:I:GB>C:9EG>C8>E6AAN7N9>H8DJCI>CGJH:6C9:K:CIJ6A
9>HEDH>I>DC,:9J8I>DCH>C6HH:IK6AJ:HG:HJAI>C<;GDB>BE6>GB:CIK6AJ6I>DCH6G:G:8DO:9>C>C8DB:>CI=:E:G>D9I=6II=:
>BE6>GB:CI>H9:I:GB>C:9
/+=/.:<9:/<>C+8./;?3:7/8>
IA:6H:8DBB:C8:B:CI
L=>8=>H<:C:G6AANL=:CI=:DBE6CNI6@:HEDHH:HH>DCD;I=:6HH:I
I=:DBE6CNG:8DG9H6
A:6H:A>67>A>IN6C98DGG:HEDC9>C<=ID;JH:6HH:I&:6H:A>67>A>I>:HG:EG:H:CII=:EG:H:CIK6AJ:D;B>C>BJBA:6H:E6NB:CIH
DK:GI=::ME:8I:9A:6H:I:GB
L=>8=>C8AJ9:HDEI>DCHID:MI:C9DGI:GB>C6I:I=:A:6H:L=:C>I>HG:6HDC67AN8:GI6>CI=DH:
DEI>DCHL>AA7::M:G8>H:9.=:EG:H:CIK6AJ:D;I=:A:6H:A>67>A>IN>H9:I:GB>C:9JH>CC8G:B:CI6A8DAA6I:G6A>O:9
7DGGDL>CC>BJBA:6H:E6NB:CIH>C8AJ9:76H:G:CI
;>M:9:H86A6I>DCD;G:CI6AE6NB:CIH
6C9G:CI6AE6NB:CIHI=6I6G:69?JHI:9
E:G>D9>86AAN9:E:C9>CC9:M#C9:I:GB>C>CC>BJBA:6H:E6NB:CIH
I=:DBE6CN9D:HCDIH:E6G6I:CDC
A:6H:8DBEDC:CIH;DGG:6A:HI6I:A:6H:H(DCA:6H:8DBEDC:CIH6G:<:C:G6AANH:GK>8:HI=6II=:A:HHDGE:G;DGBH;DGI=:
DBE6CN6HHD8>6I:9L>I=I=:A:6H:96HH:I
HJ8=6H8DBBDC6G:6B6>CI:C6C8:
,><=ID;JH:6HH:IHG:EG:H:CII=:G><=IID8DCIGDAI=:JH:D;I=:A:6H:96HH:I9JG>CC>I>6AANG:8DO:9
>C6C6BDJCI:FJ6AIDI=:A:6H:A>67>A>IN#C699>I>DC
EG:E6>9G:CI
>C>I>6A9>G:8I8DHIH
6C969?JHIB:CIH;DGA:6H:>C8:CI>K:H6G:
8DBEDC:CIHD;I=:G><=ID;JH:6HH:I)K:GI=:A:6H:I:GBI=:A:6H::ME:CH:>H6BDGI>O:9DC6HIG6><=IA>C:76H>H7:<>CC>C<=ID;JH:6HH:IH6G:6HH:HH:9;DG>BE6>GB:CI6HE6GID;I=:>BE6>GB:CID;ADC<A>K:9
6HH:IH
L=>8=>HE:G;DGB:9L=:C:K:G:K:CIHDG8=6C<:H>C8>G8JBHI6C8:H>C9>86I:I=6II=:86GGN>C<6BDJCID;6C6HH:IDG
6HH:I67A:A:6H:E6NB:CIH
>C8AJ9>C<8DCI>C<:CIG:CI6AE6NB:CIH76H:9DCH6A:HKDAJB:
6G:G:8DO:9L=:CI=:
68=>:K:B:CID;I=:HE:8>;>8I6G<:I>HEGD767A:G><=ID;JH:6HH:I6C9A:6H:A>67>A>IN6G:CDIG:8DO:9;DGA:6H:HL>I=6C
>C>I>6AI:GBD;BDCI=HDGA:HH
6C9I=:A:6H::ME:CH:>HG:8DO:9DC6HIG6><=IA>C:76H>HDK:GI=:A:6H:I:GB
.=:DBE6CNG:8DO:H6A>67>A>IN;DGI=:;6>GK6AJ:D;6HH:IG:I>G:B:CID7A><6I>DCH,)HL=:CHJ8=D7A><6I>DCH6G:
>C8JGG:9.=:DBE6CNH,)H6G:EG>B6G>AN6HHD8>6I:9L>I=A:6H:=DA9>BEGDK:B:CIHL=>8=
6II=::C9D;6A:6H:
I=:
DBE6CN>H8DCIG68IJ6AAND7A><6I:9IDG:BDK:>CDG9:GID8DBEANL>I=I=:A:6H:6C8:EI>DCD;6A:6H:L>I=
HJ8=8DC9>I>DCH
I=:DBE6CNG:8DG9H6C,)A>67>A>IN6C968DGG:HEDC9>C<86E>I6A6HH:I>C6C6BDJCI:FJ6AIDI=::HI>B6I:9
;6>GK6AJ:D;I=:D7A><6I>DC.=:A>67>A>IN>H:HI>B6I:976H:9DC6CJB7:GD;6HHJBEI>DCHG:FJ>G>CC8AJ9>CC<8DHIH
8DHI>C;A6I>DCG6I:H6C99>H8DJCIG6I:H
6C9>H688G:I:9ID>IHEGD?:8I:9;JIJG:K6AJ:DK:GI>B:
.=:86E>I6A>O:96HH:I>H9:EG:8>6I:9JH>CDC;DG9:EG:8>6I>DCD;A:6H:=DA9>BEGDK:B:CI6HH:IH/EDCH6I>H;68I>DC
D;I=:,)8DC9>I>DCH
6CN9>;;:G:C8:7:IL::CI=:G:8DG9:9,)A>67>A>IN6C9I=:68IJ6AG:I>G:B:CI8DHIH>C8JGG:9>H
G:8DO:96H6CDE:G6I>C<<6>CDGADHH>CI=:8DCHDA>96I:9HI6I:B:CIHD;DE:G6I>DCH
.=:DBE6CNG:8DO:H6A>67>A>IN;DG68DHI6HHD8>6I:9L>I=6A:6H::M>IDG9>HEDH6A68I>K>INL=:CHJ8=D7A><6I>DC>H
>C8JGG:9A:6H::M>IDG9>HEDH6AA>67>A>IN>HB:6HJG:9>C>I>6AAN6I>IH;6>GK6AJ:>CI=:E:G>D9>CL=>8=I=:A>67>A>IN>H>C8JGG:9.=:
DBE6CN:HI>B6I:H;6>GK6AJ:6II=:8:6H:JH:96I:D;>IHDE:G6I>CC>CB6I:9HJ7A:6H:G:CI6AHI=6I8DJA97:G:6HDC67AND7I6>C:9;DGI=:EGDE:GIN
:K:CL=:G:I=:DBE6CN9D:HCDI>CI:C9ID
:CI:G>CID6HJ7A:6H:HI>B6I>CCA:6H::M>I8DHIH>CKDAK:HHJ7?:8I>K:6HHJBEI>DCH
>C8AJ9>CB:>I
LDJA9I6@:IDHJ7A:6H:I=:A:6H:9AD86I>DC6C9I=:G:A6I:9EDI:CI>6AHJ7A:6H:>C8DB:.=::HI>B6I:9688GJ6AH;DGI=:H:8DHIH
8DJA97:H>;>86CIAN6;;:8I:9>;;JIJG::ME:G>:C8:9>;;:GH;GDBI=:6HHJBEI>DCHJH:9>CI=:>C>I>6A:HI>B6I:


.=:DBE6CN=6H:CI:G:9>CID8:GI6>CHJ7A:6H:H
L=>8==6K:7::C8A6HH>;>:96HDE:G6I>CC8DB:>H
G:8DO:9DC6HIG6><=IA>C:76H>H7:<>CC>CC8DB:D;;H:IHI=:=:69
A:6H::ME:CH:L>I=>CC:IA:6H::ME:CH:
#/@/8?/398
(:IG:K:CJ:>H8DBEG>H:9D;8DBE6CNDE:G6I:9HIDG:C:IG:K:CJ:
:8DBB:G8:C:IG:K:CJ:I=GDJ<=L:7H>I:H6C9
BD7>A:6EEH
>C8AJ9>CA:6EEHDC>CHIDG:9:K>8:HI=6I6AADL9:B6C9ID7:;JA;>AA:9K>6I=:DBE6CNH9>HIG>7JI>DC
8:CI:GH
6C9DI=:GC:IG:K:CJ:
L=>8=>C8AJ9:HG:K:CJ:;GDBDJIA:IH
H6A:HIDL=DA:H6A:688DJCIH
A>8:CH:6C9HJEEAN
6GG6C<:B:CIC:IG:K:CJ:
L=>8=8DCH>HIHD;GDN6AI>:H6HL:AA6HH6A:HD;I=:DBE6CNHEGD9J8IHIDA>8:CH::H
G:8DBB:G8:
G:K:CJ:
G:K:CJ:;GDBI:BEDG6GNAD86I>DCH
6C9AJAJA:BDC-IJ9>DG:K:CJ:AAG:K:CJ:>HG:EDGI:9C:ID;B6G@9DLCH

9>H8DJCIH
H6A:HI6M:H8DAA:8I:9;GDB8JHIDB:GHDC7:=6A;D;I6M>C<6JI=DG>I>:H
6C9G:IJGCHAJAJA:BDC-IJ9>D<:C:G6I:H<>I6A8DCI:CIHJ7H8G>EI>DCH
,:K:CJ:>HG:8DO:9L=:CE:G;DGB6C8:D7A><6I>DCH6G:H6I>H;>:9I=GDJ<=I=:IG6CH;:GD;8DCIGDAD;EGDB>H:98:HIDI=:DBE6CNH8JHIDB:GHDCIGDAIG6CH;:GHDC8:68JHIDB:G=6HI=:67>A>INID9>G:8II=:JH:D;
6C9D7I6>C
HJ7HI6CI>6AAN6AAD;I=:7:C:;>IH;GDB
I=:EGD9J8I.=>H>C8AJ9:HI=:IG6CH;:GD;A:<6AI>IA:
E=NH>86AEDHH:HH>DC
I=:G>H@H6C9
G:L6G9HD;DLC:GH=>E
6C98JHIDB:G688:EI6C8:,:K:CJ:;GDB8DBE6CNDE:G6I:9HIDG:H6C9DI=:GG:I6>AAD86I>DCH>H
G:8DO:96II=:ED>CID;H6A:8DBB:G8:G:K:CJ:
H6A:HIDL=DA:H6A:688DJCIH6C9>C=DB:;>IC:HH=6G9L6G:H6A:H6G:
G:8DO:9JEDCG:8:>EI7NI=:8JHIDB:G#C8:GI6>C6GG6C<:B:CIHI=:DBE6CNG:8:>K:HE6NB:CI7:;DG:I=:8JHIDB:G
G:8:>K:HI=:EGDB>H:9C>I>6AANG:8DG9:96H9:;:GG:9G:K:CJ:
6C9G:8DO:96HG:K:CJ:>CI=:
E:G>D9L=:C8DCIGDA>HIG6CH;:GG:9IDI=:8JHIDB:G
,:K:CJ:>HEG:H:CI:9C:ID;6C6AADL6C8:;DG:HI>B6I:9G:IJGCH.=:DBE6CNHA>67>A>IN;DGH6A:HG:IJGCG:;JC9H>H
G:8DO:9L>I=>C688GJ:9A>67>A>I>:H6C9DI=:G
6C96C6HH:I;DGI=:K6AJ:D;>CK:CIDGNL=>8=>H:ME:8I:9ID7:G:IJGC:9>H
G:8DO:9L>I=>CDI=:GEG:E6>9:ME:CH:H6C9DI=:G8JGG:CI6HH:IHDCI=:8DCHDA>96I:976A6C8:H=::IHHD; :7GJ6GN

6C9$6CJ6GN

I=:H6A:HG:IJGC6AADL6C8:L6HB>AA>DC6C9B>AA>DC
G:HE:8I>K:AN
-=>EE>C<;::H7>AA:9ID8JHIDB:GH6G:G:8DG9:96HG:K:CJ:
6C9H=>EE>C<8DHIH6G:G:8DO:9L>I=>CH:AA>C<
<:C:G6A6C9
69B>C>HIG6I>K::ME:CH:H>CI=:H6B:E:G>D9I=:G:A6I:9G:K:CJ:>HG:8DO:9
*GD8::9H;GDBI=:H6A:D;<>;I86G9H6G:>C>I>6AAN9:;:GG:96C9G:8DO:9L>I=>CJCG:9::B:9<>;I86G9A>67>A>INDCI=:
8DCHDA>96I:976A6C8:H=::IH
6C96G:G:8DO:96HG:K:CJ:L=:CI:C9:G:9;DGE6NB:CI1=>A:I=:DBE6CNL>AA8DCI>CJ:ID
=DCDG6AA<>;I86G9HEG:H:CI:9;DGE6NB:CI
IDI=::MI:CIB6C6<:B:CI9:I:GB>C:HI=:G:>HCDG:FJ>G:B:CIIDG:B>IJCJH:9
86G976A6C8:HID:HJC9:GJC8A6>B:9EGDE:GINA6LH
I=:EDGI>DCD;86G976A6C8:HCDI:ME:8I:9ID7:
G:9::B:96G:G:8DO:9>CC:IG:K:CJ:>CEGDEDGI>DCIDI=:<>;I86G9HL=>8==6K:7::CG:9::B:9
JC9:GI=:G:9:BEI>DC
G:8DI>DCB:I=D9HD; :7GJ6GN
6C9$6CJ6GN

I=:JCG:9::B:9<>;I86G9A>67>A>INL6HB>AA>DC6C9
B>AA>DC
G:HE:8I>K:ANJG>C<

6C9
I=:DBE6CNG:8DO:9C:IG:K:CJ:D;B>AA>DC

B>AA>DC
6C9B>AA>DC
G:HE:8I>K:AN
I=6IL6H>C8AJ9:9>CI=:DE:C>C<76A6C8:D;I=:JCG:9::B:9<>;I86G9A>67>A>IN6II=:
7:<>CC>CO:9DCJCG:9::B:9<>;I86G976A6C8:HL6H
B>AA>DC
B>AA>DC
6C9B>AA>DC
G:HE:8I>K:AN
9=>90199.==96.
DHID;C8AJ9:H
-+!0 / +./.
W
I=:8DHID;EJG8=6H:9B:G8=6C9>H:
L=>8=>C8AJ9:H68FJ>H>I>DC6C9EGD9J8I>DC8DHIH>C8AJ9>C6A6C9
A67DG
6H6EEA>867A:
W
I=:8DHI>C8JGG:9ID9:A>K:G>CK:CIDGNIDI=:DBE6CNH9>HIG>7JI>DC8:CI:GH>C8AJ9>C<;G:><=I
CDCG:;JC967A:I6M:H

9JIN
6C9DI=:GA6C9>C<8DHIH
W
H=G>C@6C9>CK:CIDGNEGDK>H>DC:ME:CH:
W
I=:8DHID;9><>I6A8DCI:CIHJ7H8G>EI>DCH:GK>8:H6C9
W
=:BB>C<8DHIH


/%"- +./+#.(".
W
D88JE6C8N8DHIHHJ8=6HB>C>BJBG:CI
8DCI>C<:CIG:CIL=:G:6EEA>867A:
EGDE:GINI6M:H
JI>A>I>:H
6C99:EG:8>6I>DC
:ME:CH:;DGI=:DBE6CNH8DBE6CNDE:G6I:9HIDG:AD86I>DCH
W
I=:8DHID;I=:DBE6CNH9>HIG>7JI>DC8:CI:GH
HJ8=6HA67DG
G:CI
JI>A>I>:H
6C99:EG:8>6I>DC
6HL:AA6HI=:8DHID;
I=>G9E6GIN9>HIG>7JI>DC8:CI:GH6C9
6
I=:8DHID;I=:DBE6CNHEGD9J8I9:H>6AH9:K:ADEB:CI
EGD9J8I>CCDK6I>DC
HDJG8>C<
HJEEAN8=6>C

6C9B:G8=6C9>H>C<9:E6GIB:CIH>C8AJ9>C:H
HID8@76H:98DBE:CH6I>DC6C97:C:;>IH
6C9DI=:G:ME:CH:H
$/663811/8/<+6+8.+.7383=><+>3@//B:/8=/=
-:AA>C<
<:C:G6A6C969B>C>HIG6I>K::ME:CH:H8DCH>HID;6AADE:G6I>C<8DHIHCDIDI=:GL>H:>C8AJ9:9>C8DHID;CI6C<>7A:6HH:I6BDGI>O6I>DC
DG68FJ>H>I>DCG:A6I:9:ME:CH:H.=:DBE6CNHH:AA>C<
<:C:G6A6C969B>C>HIG6I>K::ME:CH:H
>C8AJ9:I=:8DHIHD;8DGEDG6I:6C9G:I6>A:BEADN::L6<:H6C97:C:;>IH
8DHIHIDIG6CHEDGII=:DBE6CNHEGD9J8IH;GDBI=:
9>HIG>7JI>DC;68>A>I>:HIDI=:DBE6CNHG:I6>AAD86I>DCH6C9:8DBB:G8:DC6A;::H
B6G@:I>C<
I:8=CDADC<
A:<6A
8DGEDG6I:;68>A>IN6C9D88JE6C8N8DHIH
6C99:EG:8>6I>DC6C96BDGI>O6I>DC:ME:CH:DI=:G
I=6C>C8DHID;C8JGG:98DHIHIDIG6CHEDGI>IHEGD9J8IH;GDB>IH9>HIG>7JI>DC;68>A>I>:HID>IHG:I6>A
AD86I>DCH6C9:8DBB:G8:AA>DC
B>AA>DC
6C9B>AA>DC
G:HE:8I>K:AN
.@/<>3=381+8.+<5/>3819=>=
9K:GI>H>C<8DHIH
>C8AJ9>CH>C<
6G::ME:CH:96H>C8JGG:99K:GI>H>C<:ME:CH:HL:G:
B>AA>DC
B>AA>DC
6C9B>AA>DC;DG

6C9
G:HE:8I>K:AN
6C96G:>C8AJ9:9L>I=>CH:AA>C<

<:C:G6A6C969B>C>HIG6I>K::ME:CH:H
$>9=
)E:G6I>C<8DHIH>C8JGG:9EG>DGIDI=:DE:C>CC8JGG:96HH:AA>C<
<:C:G6A6C9
69B>C>HIG6I>K::ME:CH:H
8-97/>+B/=
.=:DBE6CN;DAADLHI=:A>67>A>INB:I=D9L>I=G:HE:8IID688DJCI>C<;DG>C8DB:I6M:H:;:GG:9>C8DB:I6M6HH:IH6C9
A>67>A>I>:H6G:9:I:GB>C:976H:9DCI=:I:BEDG6GN9>;;:G:C8:H7:IL::CI=:86GGN>C<6BDJCIH6C9I=:I6M76H>HD;6HH:IH6C9
A>67>A>I>:H
6C9;DGI6MADHH:H
I6M8G:9>I86GGN;DGL6G9H
6C9DI=:GI6M6IIG>7JI:H:;:GG:9>C8DB:I6M6HH:IH6C9A>67>A>I>:H6G:
B:6HJG:9JH>C<:C68I:9I6MG6I:H
;DGI=:6EEGDEG>6I:I6M?JG>H9>8I>DC
I=6I6G::ME:8I:9ID7:>C:;;:8IL=:CI=:H:
9>;;:G:C8:H6G:6CI>8>E6I:9IDG:K:GH:
.=:DBE6CN=6HCDIG:8DO:9/-HI6I:>C8DB:I6M:H6C9;DG:>I==DA9>CHIG>7JI:9:6GC>C9>6G>:HL=>8=I=:DBE6CN=6H9:I:GB>C:9ID7:>C9:;>C>I:ANG:>CK:HI:9
:;:GG:9>C8DB:I6M6HH:IH6G:G:9J8:97N6K6AJ6I>DC6AADL6C8:
>;76H:9DCI=:L:><=ID;6K6>A67A::K>9:C8:
>I>H
BDG:A>@:ANI=6CCDII=6IHDB:EDGI>DCDG6AAD;I=:9:;:GG:9I6M6HH:IHL>AACDI7:G:6A>O:9.=::K6AJ6I>DC6HIDI=:A>@:A>=DD9
D;G:6A>O>CID;69:;:GG:9>C8DB:I6M6HH:I>H76H:9DCI=:I>B>C67>A>I>:H

I6M67A:>C8DB:;DG:86HIH
6C9I6MEA6CC>C:H.=:G:8DI>DCD;69:;:GG:9>C8DB:I6M6HH:I>H76H:9JEDCH:K:G6A
6HHJBEI>DCH6C9;DG:86HIH
>C8AJ9>C<8JGG:CI6C96CI>8>E6I:9I6M67A:>C8DB:
I=:JI>A>O6I>DCD;EG:K>DJHANJCG:6A>O:9CDC
DE:G6I>C:LHD;I6M;>A>CIHI6M;>A>CI>DCH6C9G:8DO:HI=:A6G<:HI6BDJCID;I6M7:C:;>II=6I>H8DCH>9:G:9BDG:
A>@:ANI=6CCDIID7:HJHI6>C:9JEDC:M6B>C6I>DC7NI=:G:A:K6CII6M>C<6JI=DG>I>:H76H:9DCI=:I:8=C>86AB:G>IHD;I=:
EDH>I>DC.=>H9:I:GB>C6I>DCG:FJ>G:HI=:JH:D;H>;>86CI?J9H69?JHI:9>CI=:E:G>D9>CL=>8=6C
JC8:GI6>CI6MEDH>I>DC>H:;;:8I>K:ANH:IIA:9
I=:HI6IJI:D;A>B>I6I>DCH:ME>G:H
;68IHDG8>G8JBHI6C8:H8=6C<:
I6MA6LH8=6C<:

DGC:L>C;DGB6I>DC7:8DB:H6K6>A67A:.=:DBE6CNHEDA>8N>HIDG:8DO:>CI:G:HI:ME:CH:6C9E:C6AI>:HG:A6I:9ID>C8DB:
I6MB6II:GH6HE6GID;>C8DB:I6M:ME:CH:88GJ:9>CI:G:HI6C9E:C6AI>:H6G:>C8AJ9:9L>I=>CI=:G:A6I:9I6MA>67>A>INDCI=:
DBE6CNH8DCHDA>96I:976A6C8:H=::IH
.=:DBE6CNIG:6IHI=:CI6C<>7A:ADLI6M:9>C8DB:!#&.#I6M6H68JGG:CIE:G>D9:ME:CH:


+3<@+6?/90038+8-3+638=>=
 6>GK6AJ:>H9:;>C:96HI=:EG>8:I=6ILDJA97:G:8:>K:9IDH:AA6C6HH:IDGE6>9IDIG6CH;:G6A>67>A>IN>C6CDG9:GAN
IG6CH68I>DC7:IL::CB6G@:IE6GI>8>E6CIH6II=:B:6HJG:B:CI96I: 6>GK6AJ:B:6HJG:B:CIH6G:B69:JH>C<6I=G::I>:G;6>G
K6AJ:=>:G6G8=N
L=>8=EG>DG>I>O:HI=:>CEJIHJH:9>CB:6HJG>C<;6>GK6AJ:
W
&:K:A9:;>C:96HD7H:GK67A:>CEJIHHJ8=6HFJDI:9EG>8:H>C68I>K:B6G@:IH
W
&:K:A9:;>C:96H>CEJIHDI=:GI=6CFJDI:9EG>8:H>C68I>K:B6G@:IHI=6I6G::>I=:G9>G:8IANDG>C9>G:8IAN
D7H:GK67A:6C9
W
&:K:A9:;>C:96HJCD7H:GK67A:>CEJIH>CL=>8=A>IIA:DGCDB6G@:I96I6:M>HIH
I=:G:;DG:G:FJ>G>C<6C:CI>INID
9:K:ADE>IHDLC6HHJBEI>DCH
.=:;6>GK6AJ:B:6HJG:B:CI>H86I:O:9>C>IH:CI>G:IN7NG:;:G:C8:ID>IHADL:HIA:K:AD;H>;>86CI>CEJI
.=:DBE6CNG:8DG9H86H=
688DJCIHG:8:>K67A:
688DJCIHE6N67A:
6C9688GJ:9A>67>A>I>:H6I8DHI.=:86GGN>CCHIGJB:CIH6EEGDM>B6I:I=:>G;6>GK6AJ:9J:IDI=:>GH=DGII:GBB6IJG>I>:H
.=:DBE6CN=DA9H8:GI6>C6HH:IH6C9A>67>A>I>:HI=6I6G:G:FJ>G:9ID7:B:6HJG:96I;6>GK6AJ:DC6G:8JGG>C<76H>H
6C9
E:G;DGBH8:GI6>CK6AJ6I>DCHDC6CDCG:8JGG>C<76H>H
L=>8=6G:DJIA>C:9>C(DI: 6>G06AJ:':6HJG:B:CI
9DC6A8JGG:C8N;DG:68=:CI>IN>C8AJ9:9>CI=:H:8DCHDA>96I:9;>C6C8>6AHI6I:B:CIHI=6I>H9DB>8>A:9DJIH>9:D;
I=:/C>I:9-I6I:H>H<:C:G6AANI=:6EEA>867A:AD86A8JGG:C8NHH:IH6C9A>67>A>I>:HD;:68=;DG:>IN6G:IG6CHA6I:9>CID
/-9DAA6GH6II=::M8=6C<:G6I:>C:;;:8IDCI=:76A6C8:H=::I96I:(:IG:K:CJ:6C9:ME:CH:H6G:IG6CHA6I:96II=:6K:G6<:
G6I:>C:;;:8I9JG>CD9/CG:6A>O:9IG6CHA6I>DC<6>CH6C9ADHH:H6G:G:8DG9:96H6;DG:>DC
69?JHIB:CI
L=>8=>H>C8AJ9:9>CDI=:G8DBEG:=:CH>K:>C8DB:ADHH
C:ID;I6M
L=>8=>H68DBEDC:CID;688JBJA6I:9DI=:G
8DBEG:=:CH>K:>C8DB:DGADHH>C8AJ9:9>CHID8@=DA9:GH:FJ>IN
 DG:>DCH9:CDB>C6I:9>C68JGG:C8NDI=:GI=6C6C:CI>INH;JC8I>DC6A8JGG:C8N6G:G:B:6HJG:9>CID
I=:;JC8I>DC6A8JGG:C8NL>I=6CNG:HJAI>C<<6>CH6C9ADHH:HG:8DO:9>CH:AA>C<
<:C:G6A6C969B>C>HIG6I>K::ME:CH:H
:M8:EI
;DG<6>CH6C9ADHH:H6G>H>CCI:G8DBE6CN;DG:>DCHI=6I6G:D;6ADC<I:GB>CK:HIB:CIC6IJG:
L=>8=
6G:G:8DG9:96H6C:I>CK:HIB:CI=:9<:<6>CHADHH:H>CDI=:G8DBEG:=:CH>K:>C8DB:ADHH
C:ID;I6M
/<3@+>3@/038+8-3+638=>=
.=:DBE6CNJH:H9:G>K6I>K:;>C6C8>6A>CHIGJB:CIHIDB6C6<:>IH:MEDHJG:ID8:GI6>C;DG:>H@H
"/&*1"./)"*/%"!$"..=:DBE6CN:CI:GH>CID8:GI6>C;DGL6G98JGG:C8N8DCIG68IHI=6I6G:9:H>CK:HIB:CI=:9<:H.=::;;:8I>K:EDGI>DCHD;I=:=:9<:H6G:G:EDGI:9>C688JBJA6I:9DI=:G8DBEG:=:CH>K:>C8DB:DGADHH

C:ID;I6M
6C9L>AAHJ7H:FJ:CIAN7:G:8A6HH>;>:9IDC:I:6GC>CCI=:E:G>D9>CL=>8=I=:=:9<:9>CK:HIB:CI>H:>I=:GHDA9DG
HJ7HI6CI>6AANA>FJ>96I:9":9<::;;:8I>K:C:HH>HB:6HJG:9JH>C<6B:I=D976H:9DC8=6C<:H>C;DGL6G9:M8=6C<:G6I:H.=:
DBE6CN8A6HH>;>:HI=:86H=;ADLH6IH:IIA:B:CID;>IHC:I>CK:HIB:CI=:9<:HL>I=>C>CK:HI>C<68I>K>I>:H>CI=:8DCHDA>96I:9
HI6I:B:CIHD;86H=;ADLH

"-&1/&1".*+/!".&$*/"!.%"!$&*$&*./-0)"*/..=:DBE6CN6AHD:CI:GH>CID8:GI6>C;DGL6G98JGG:C8N8DCIG68IH
I=6I6G:CDI9:H>CK:HIB:CI=:9<:H.=:N6G:9:H>86AAN=:9<:I=:;DG:>DC
<6>CH6C9ADHH:HD;8:GI6>CBDC:I6GN6HH:IH6C9A>67>A>I>:H.=:DBE6CN=6HCDI6EEA>:9=:9<:688DJCI>CCHIGJB:CIH6C9I=:8=6C<:>C;6>GK6AJ:D;I=:H:9:G>K6I>K:H>HG:8DG9:9L>I=>CH:AA>C<
<:C:G6A6C969B>C>HIG6I>K::ME:CH:H
.=:DBE6CN8A6HH>;>:HI=:86H=;ADLH6IH:IIA:B:CID;>IH;DGL6G98JGG:C8N8DCIG68IHL=>8=6G:CDI9:H>C=:9<>C<
G:A6I>DCH=>EHL>I=>CDE:G6I>C<68I>K>I>:H>CI=:8DCHDA>96I:9HI6I:B:CIHD;86H=;ADLH
.=:DBE6CNEG:H:CIH>IH9:G>K6I>K:6HH:IH6C99:G>K6I>K:A>67>A>I>:H6II=:>GGK6AJ:HL>I=>CEG:E6>9:ME:CH:H
6C9DI=:G8JGG:CI6HH:IH6C9DI=:G8JGG:CIA>67>A>I>:HDCI=:8DCHDA>96I:976A6C8:H=::IH"DL:K:G
I=:DBE6CNH'6HI:G
#CI:GC6I>DC6A-L6E:6A:GHHHD8>6I>DC
#C8
B>A6G6GG6C<:B:CIH6AADLC:IH:IIA:B:CIHJC9:G8:GI6>C
8DC9>I>DCH
.=:DBE6CN9D:HCDI:CI:G>CID9:G>K6I>K:8DCIG68IH;DGHE:8JA6I>K:DGIG69>CI>DC6A>C;DGB6I>DCDCI=:
DBE6CNH9:G>K6I>K:;>C6C8>6A>CHIGJB:CIH>H>C8AJ9:9>C(DI: 6>G06AJ:':6HJG:B:CI6C9(DI::G>K6I>K: >C6C8>6A
#CHIGJB:CIH


98-/8><+>39890-<3=5
88DJCIHG:8:>K67A:EG>B6G>AN6G>H:DJID;I=>G9E6GIN<>;I86G9H6A:H
H6A:HIDL=DA:H6A:688DJCIH
DCA>C:B6G@:IEA68:H

9JING:8:>K67A:H
6C9A>8:CH:6C9HJEEAN6GG6C<:B:CIH.=:DBE6CN<:C:G6AAN9D:HCDIG:FJ>G:8DAA6I:G6AIDHJEEDGII=:
688DJCIHG:8:>K67A:=DL:K:G
>C8:GI6>C8>G8JBHI6C8:H
I=:DBE6CNB6NG:FJ>G:E6GI>:HIDEGDK>9:E6NB:CI;DGDG
ID9:A>K:GND;I=:9:A:II:GHD;8G:9>I.=:688DJCIHG:8:>K67A:6G:C:ID;6C6AADL6C8:;DG9DJ7I;JA688DJCIH

L=>8=>H:HI67A>H=:976H:9DCB6C6<:B:CIH6HH:HHB:CID;I=:8G:9>IG>H@D;I=:JC9:GAN>C<688DJCIH
6H=6C986H=:FJ>K6A:CIH6G:=:A9L>I==><=FJ6A>IN;>C6C8>6A>CHI>IJI>DCH.=:6BDJCID;86H=6C986H=:FJ>K6A:CIH
=:A9L>I=8:GI6>C;>C6C8>6A>CHI>IJI>DCH:M8::9HCHJG:9A>B>IH.=:DBE6CN>H6AHD:MEDH:9ID8G:9>IG:A6I:9
ADHH:H>CI=::K:CID;CDCE:G;DGB6C8:7NI=:8DJCI:GE6GI>:HIDI=:;DGL6G98JGG:C8N8DCIG68IH.=:8G:9>IG>H@6BDJCI>HI=:
DBE6CNHJCG:6A>O:9<6>CHDC>IH9:G>K6I>K:>CHIGJB:CIH
76H:9DC;DG:>B:D;CDCE:G;DGB6C8:.=:
DBE6CN=6HCDI:ME:G>:C8:96CNADHH:HG:A6I:9IDI=:H:>I:BH
6C9>I7:A>:K:H8G:9>IG>H@ID7:B>C>B6A.=:DBE6CNH::@H
IDB>C>B>O:>IH8G:9>IG>H@7N:CI:G>C<>CIDIG6CH68I>DCHL>I=>CK:HIB:CIILDGI=N6C9G:EJI67A:;>C6C8>6A
>CHI>IJI>DCH6C97NBDC>IDG>CIHI6C9>CC6C8>6A>CHI>IJI>DCHL>I=L=DB>IIG6CH68IH#IH::@HIDA>B>II=:
6BDJCID;:MEDHJG:L>I=6CNDC:8DJCI:GE6GIN
.=:DBE6CNH9:G>K6I>K:8DCIG68IH8DCI6>C8:GI6>C8G:9>IG>H@G:A6I:98DCI>C<:CI;:6IJG:H/C9:G8:GI6>C8>G8JBHI6C8:H

>C8AJ9>C<6C:K:CID;9:;6JAI
76C@GJEI8N
I:GB>C6I>DC
6C98GDHH9:;6JAIJC9:GI=:DBE6CNHB:G>86HG:KDAK>C<8G:9>I
;68>A>IN
I=:DBE6CNB6N7:G:FJ>G:9IDB6@:>BB:9>6I:E6NB:CI;DGDJIHI6C9>C67>A>I>:HJC9:G>IH9:G>K6I>K:8DCIG68IH
$>9-5,+=/.-97:/8=+>398
.=:DBE6CN688DJCIH;DGHID8@76H:98DBE:CH6I>DCJH>CGK6AJ:B:I=D9.=:;6>GK6AJ:D;6L6G9HH
:HI>B6I:96II=:96I:D;DC:ME:CH:>HG:8DO:9DC6HIG6><=IA>C:76H>HDK:GI=:G:FJ>H>I:
H:GK>8:E:G>D9L>I=I=:D;;H:II>C<8G:9>IID699>I>DC6AE6>9>C86E>I6A
 DG6L6G9HL>I=H:GK>8:6C9
DGE:G;DGB6C8:8DC9>I>DCH
I=:6BDJCID;8DBE:CH6I>DC:ME:CH:G:8DO:9>H76H:9DC
I=:CJB7:GD;6L6G9H:ME:8I:9IDK:HI
G:;A:8I>C<:HI>B6I:9:ME:8I:9;DG;:>IJG:H
6C9>H69?JHI:9IDG:;A:8II=DH:6L6G9HI=6I
9DJAI>B6I:ANK:HI.=:;DG;:>IJG:G6I:>H76H:9DCB6C6<:B:CIH7:HI:HI>B6I:D;:ME:8I:9;DG;:>IJG:H
I6@>C<>CID
8DCH>9:G6I>DC=>HIDG>86AIG:C9H6C9:ME:8I:9;JIJG:7:=6K>DG DG6L6G9HL>I=E:G;DGB6C8:8DC9>I>DCH
I=:DBE6CN
G:8DO:HI=:8DBE:CH6I>DC:ME:CH:>;6C9L=:CI=:DBE6CN8DC8AJ9:HI=6I>I>HEGD767A:I=6II=:E:G;DGB6C8:8DC9>I>DC
L>AA7:68=>:K:9.=:DBE6CNG:6HH:HH:HI=:EGD767>A>IND;68=>:K>CI>DC6I:68=G:EDGI>C<96I:
.=:GK6AJ:D;:68=HID8@DEI>DCH:HI>B6I:9DCI=:CGK6AJ:D;G:HIG>8I:9H=6G:H
E:G;DGB6C8:76H:9G:HIG>8I:9HID8@JC>IH
6C9G:HIG>8I:9HID8@JC>IH>H76H:9DCI=:
8ADH>C8:D;I=:DBE6CNH8DBBDCHID8@DCI=:CH86A8JA6I:9JH>C<=I:96K:G6<:CJB7:GD;8DBBDC6C9:M8=6C<:67A:H=6G:HDJIHI6C9>C<
9JG>CD9M8=6C<:67A:H=6G:H6G:I=::8DCDB>8:FJ>K6A:CID;8DBBDCH=6G:H>C6AAB6I:G>6AG:HE:8IHAA8A6HH:HD;
HID8@=6K:>C:;;:8II=:H6B::8DCDB>8G><=IH6C9H=6G::FJ6AAN>CJC9>HIG>7JI:9C:I>C8DB:>AJI:9:6GC>CH
86A8JA6I:97N9>K>9>CC8DB:6K6>A67A:IDHID8@=DA9:GH;DGI=:E:G>D97NI=:9>AJI:9L:><=I:96K:G6<:CJB7:GD;H=6G:H
DJIHI6C9>C<9JG>CD9>AJI:9:6GC>C6A9>AJI>DC;GDB8DBBDCH=6G:H>HHJ67A:I=GDJ<=
HID8@DEI>DCH
E:G;DGB6C8:76H:9G:HIG>8I:9HID8@JC>IHI=6I=6K:H6I>H;>:9I=:>GE:G;DGB6C8:;68IDG
G:HIG>8I:9H=6G:H
6C9
G:HIG>8I:9HID8@JC>IHJH>C381/8-3/=
#CI=:DG9>C6GN8DJGH:D;7JH>C:HH
I=:DBE6CN>H>CKDAK:9>CA:<6AEGD8::9>CC<8DCIG68IJ6A6C9:BEADNB:CI
G:A6I>DCH=>EH6C96K6G>:IND;DI=:GB6II:GH.=:DBE6CNG:8DG9H8DCI>C<:CIA>67>A>I>:HG:HJAI>C<;GDB8A6>BH6<6>CHI>I
L=:C
6ADHH>H6HH:HH:9ID7:EGD767A:6C9I=:6BDJCID;I=:ADHH>HG:6HDC67AN:HI>B67A:
&=/90/=>37+>/=
.=:EG:E6G6I>DCD;;>C6C8>6AHI6I:B:CIH>C8DC;DGB>INL>I=!*G:FJ>G:HB6C6<:B:CIIDB6@::HI>B6I:H6C9
6HHJBEI>DCHI=6I6;;:8II=:G:EDGI:96BDJCIHD;6HH:IH6C9A>67>A>I>:H6C9I=:9>H8ADHJG:D;8DCI>C<:CI6HH:IH6C9A>67>A>I>:H6I
I=:96I:D;I=:;>C6C8>6AHI6I:B:CIH6HL:AA6HI=:G:EDGI:96BDJCIHD;C:IG:K:CJ:6C9:ME:CH:H9JG>CC<
E:G>D98IJ6AG:HJAIH8DJA99>;;:G;GDBI=DH::HI>B6I:H


#/-/8>6C+.9:>/.+--9?8>381:<989?8-/7/8>=
.=:DBE6CN8DCH>9:GHI=:6EEA>867>A>IN6C9>BE68ID;6AA88DJCI>C<-I6C96G9/E96I:H-/H-/H69DEI:99JG>C<
CDIA>HI:97:ADLL:G:6HH:HH:9
6C99:I:GB>C:9ID7::>I=:GCDI6EEA>867A:DG6G::ME:8I:9ID=6K:B>C>B6A>BE68IDC
>IH8DCHDA>96I:9;>C6C8>6AEDH>I>DCDGG:HJAIHD;DE:G6I>DCH
#C(DK:B7:G
I=: ->HHJ:9-/
-:C<.DE>8#BEGDK:B:CIHID,:EDGI67A:-:H8ADHJG:HCI>I>:H6G:G:FJ>G:9IDEGDK>9:9>H8ADHJG:HD;H>;>86CIH::HJH:97NI=:
=>:;)E:G6I>C<:8>H>DC'6@:G)'>CDG9:GID:C=6C8:9>H8ADHJG:6II=:H:H
JE96I:;DG6C9I=:G:A6I:99>H8ADHJG:H6G:>C8AJ9:9>C(DI:-:DC
#/-/8>6C3==?/.+--9?8>381:<989?8-/7/8>=
-/HG:8:CIAN>HHJ:9CDIA>HI:97:ADLL:G:6HH:HH:96C99:I:GB>C:9ID7::>I=:GCDI6EEA>867A:DG6G::ME:8I:9ID=6K:
B>C>B6A>BE68IDCI=:DBE6CNH8DCHDA>96I:9;>C6C8>6AEDH>I>DCDGG:HJAIHD;DE:G6I>DCH
#C:8:B7:G
I=: ->HHJ:9-/
#C8DB:.6M:H.DE>8#BEGDK:B:CIHID#C8DB:.6M>H8ADHJG:H
.=>H9>H8ADHJG:G:FJ>G:H:ME6C9:99>H8ADHJG:L>I=>CI=:G6I:G:8DC8>A>6I>DC6HL:AA6H9>H6<DCD;6CCJ6AI6M:HE6>9.=>H
6B:C9B:CI>H:;;:8I>K:;DG6CCJ6AE:G>D9H7:<>CC>C<6;I:G:8:B7:G

6C9>H6EEA>:9EGDHE:8I>K:AN.=:DBE6CN>H
8JGG:CIAN:K6AJ6I>CBE68II=6II=>HC:L96C8:B6N=6K:DC>IH;>C6C8>6AHI6I:B:CI9>H8ADHJG:H
#C(DK:B7:G
I=: ->HHJ:9-/
#C8DB:-I6I:B:CIS,:EDGI>C<DBEG:=:CH>K:#C8DB:SME:CH:
>H6<DC>H8ADHJG:H-J7IDE>8>H6<DCD;#C8DB:-I6I:B:CIME:CH:HCI>I>:HL>AA7:G:FJ>G:9ID
EGDK>9:9>H6<H8ADHJG:H;DG8:GI6>C>C8DB:HI6I:B:CI:ME:CH:A>C:>I:BH.=>H6B:C9B:CI>H:;;:8I>K:;DG6CCJ6A
E:G>D9H7:<>CC>C<6;I:G:8:B7:G

6C9>CI:G>BE:G>D9HL>I=>C;>H86AN:6GH7:<>CC>C<6;I:G:8:B7:G

6C9
H=6AA7:6EEA>:9G:IGDHE:8I>K:AN;DGE:G>D9HEG:H:CI:9>CI=:;>C6C8>6AHI6I:B:CIH.=:DBE6CN>H8JGG:CIAN:K6AJ6I>CBE68II=6II=>HC:L96C8:B6N=6K:DC>IH;>C6C8>6AHI6I:B:CI9>H8ADHJG:H
 ;@1:B1:@;>51?
1.>A->E




-:A->E




*/%+0.*!.
#CK:CIDG>:H
6I8DHI



 



#CK:CIDGNEGDK>H>DCH6C9G:H:GK:H
AJAJA:BDC-IJ9>D'>GGDGEGDK>H>DC

S 


)7HDA:H8:C8:EGDK>H>DC


 


6B6<:HEGDK>H>DC


 


-=G>C@EGDK>H>DC


 




 


#CK:CIDG>:H



 



JG>C<
L:9>HEDH:9D;I=:AJAJA:BDC-IJ9>D'>GGDG>CK:CIDG>:HL=>8==69EG:K>DJHAN7::CEGDK>9:9;DG*A:6H:
G:;:GID(DI:#BE6>GB:CID;!DD9L>AA6C9)I=:GHH:IH
,:HIGJ8IJG>C<DHIH;DG;JGI=:G9:I6>AHDCI=:AJAJA:BDC-IJ9>D
D7HDA:H8:C8:EGDK>H>DC
 ;@1">1<-50D<1:?1?-:0!@41>A>>1:@??1@?
1.>A->E




-:A->E




*/%+0.*!.
*G:E6>9:ME:CH:H


 


 DGL6G98JGG:C8N8DCIG68I6HH:IH


 

)I=:G8JGG:CI6HH:IH


 


*G:E6>9:ME:CH:H6C9DI=:G8JGG:CI6HH:IH


 




 ;@1
">;<1>@E-:0=A5<91:@
1.>A->E




-:A->E




*/%+0.*!.
&6C9


 


J>A9>CBEGDK:B:CIH



 



 JGC>IJG:6C9;>MIJG:H


 


DBEJI:G=6G9L6G:


 


DBEJI:GHD;IL6G:



 



FJ>EB:CI6C9K:=>8A:H


 


1DG@>CEGDEB:CI
6I>DC



 



*GDE:GIN6C9:FJ>EB:CI
C:I



 



:EG:8>6I>DC:ME:CH:G:A6I:9IDEGDE:GIN6C9:FJ>EB:CIL6HB>AA>DC
B>AA>DC
6C9B>AA>DC;DG


6C9
G:HE:8I>K:AN
+38983=:9=+690==/>=
JG>CC>HIG6I>K:D;;>8:7J>A9>C<
L=>8=G:HJAI:9
>C6EG:I6M<6>CD;B>AA>DC.=:>C8DB:I6M:;;:8ID;I=:<6>CDC9>HEDH6AD;6HH:IHL6H6C:ME:CH:D;B>AA>DC
 ;@1/=A5?5@5;:
)C-:EI:B7:G

I=:DBE6CN68FJ>G:9I=:AJAJA:BDC7G6C9:9G:I6>AAD86I>DCH6C9DE:G6I>DCHGJC7N6I=>G9
E6GIN>C':M>8D.=:DBE6CN68FJ>G:96AADJIHI6C9>CG9E6GIN
6C9=69EG:K>DJHANII=:G><=IID
DE:G6I:G:I6>AAD86I>DCH6C9IDH:AAAJAJA:BDCEGD9J8IH>C':M>8D
.=:;DAADL>CO:HI=:;6>GK6AJ:D;I=:8DCH>9:G6I>DCIG6CH;:GG:9
6HL:AA6HI=:86A8JA6I>DCD;AA
76H:9DCI=::M8:HHD;8DCH>9:G6I>DCDK:GI=:;6>GK6AJ:D;C:I6HH:IH68FJ>G:9
%1<@19.1>	


*/%+0.*!.
 6>GK6AJ:D;8DCH>9:G6I>DCIG6CH;:GG:9
6H=E6>9IDH=6G:=DA9:GH



DCI>C<:CI8DCH>9:G6I>DC



-:IIA:B:CID;>CI:G8DBE6CN76A6C8:H






&:HH86H=68FJ>G:9



 6>GK6AJ:D;8DCH>9:G6I>DCIG6CH;:GG:9
C:ID;86H=6C986H=:FJ>K6A:CIH68FJ>G:9



&:HH;6>GK6AJ:D;C:I6HH:IH68FJ>G:9
HH:IH68FJ>G:9
#CK:CIDG>:H



#CI6C<>7A:6HH:IH



)I=:G8JGG:CI6C9CDC8JGG:CI6HH:IH






&>67>A>I>:H6HHJB:9



(:I6HH:IH68FJ>G:9



!DD9L>AA





!DD9L>AAG:A6I:HIDI=:6HH:B7A:9LDG@;DG8:6C97:C:;>IH:ME:8I:96H6G:HJAID;I=:68FJ>H>I>DC6C9=6H7::C6AAD86I:9
IDI=:B:G>86HH:AA>H:ME:8I:9ID7:9:9J8I>7A:;DG>C8DB:I6MEJGEDH:H
,:68FJ>G:9;G6C8=>H:G><=IHL:G:K6AJ:9JH>CC>C<8DCIG68IJ6A;G6C8=>H:
E:G>D9JCI>A(DK:B7:G.=:H:>CI6C<>7A:6HH:IH=6K:6;6>GK6AJ:D;B>AA>DC
L=>8=>H7:>C<6BDGI>O:9JCI>A
(DK:B7:GDCI>C<:CI8DCH>9:G6I>DCD;B>AA>DCG:A6I:HIDE:G;DGB6C8:G:A6I:98DC9>I>DCH;GDBI=:68FJ>H>I>DC
96I:ID:8:B7:G

6C9=6H7::CG:8DO:96I;6>GK6AJ:
.=:DBE6CN=6HCDI9>H8ADH:9EGD;DGB6>C;DGB6I>DCD;I=:8DB7>C:97JH>C:HH6HI=:IG6CH68I>DC>HCDIB6I:G>6AID
C:IG:K:CJ:DGC:I:6GC>CC<
I=:DBE6CNG:8DO:9B>AA>DC>C68FJ>H>I>DCG:A6I:9:ME:CH:HL>I=>CH:AA>C<
<:C:G6A6C9
69B>C>HIG6I>K::ME:CH:HEG>B6G>ANG:A6I:9IDA:<6A
688DJCI>C<
K6AJ6I>DC
6C9DI=:GEGD;:HH>DC6AH:GK>8:H
 ;@1;;0C588
.=:8=6C<:H>CI=:86GGN>C<6BDJCIHD;AAL:G:6H;DAADLH
;;0C588
*/%+0.*!.
6A6C8:6HD;$6CJ6GN




;;:8ID;;DG:>DC


6A6C8:6HD;$6CJ6GN




8FJ>H>I>DCD;I=:':M>8DDE:G6I>DCH



;;:8ID;;DG:>DC



6A6C8:6HD; :7GJ6GN




);I=:DBE6CNHAA
B>AA>DCG:A6I:HIDI=:68FJ>H>I>DCD;I=:':M>8DDE:G6I>DCH>C!DD9L>AAG:A6I:H
IDI=:6HH:B7A:9LDG@;DG8:6C97:C:;>IH:ME:8I:96H6G:HJAID;I=:68FJ>H>I>DC6C9=6H7::C6AAD86I:9IDI=:B:G>86H
H:H>I>DC ;DG;JGI=:G>C;DGB6I>DC
 ;@1:@-:35.81??1@?
HJBB6GND;I=:76A6C8:HD;I=:DBE6CNH>CI6C<>7A:6HH:IH6HD; :7GJ6GN

$6CJ6GN

>HEG:H:CI:9
7:ADL
1.>A->E



>;??->>E5:3
9;A:@
//A9A8-@10
9;>@5F-@5;:
 1@->>E5:3
9;A:@
$19-5:5:3
'?12A8521
+1->?
*/%+0.*!."3 ",/&*4"-.
 G6C8=>H:G><=IH


 

 



)I=:G

 
 
S
C
6
#CI6C<>7A:6HH:IH


 

 



-:A->E



>;??->>E5:3
9;A:@
//A9A8-@10
9;>@5F-@5;:
//A9A8-@10
9<-5>91:@
 1@->>E5:3
9;A:@
*/%+0.*!.
'#,,),7G6C9


 

 

 
S
JHIDB:GG:A6I>DCH=>EH


 

 

 
S
.:8=CDAD7A:6HH:IH


 

 

 
S


HE6GID;I=:68FJ>H>I>DCD;I=:':M>8DDE:G6I>DCH>C
I=:DBE6CNG:8DO:9>CI6C<>7A:6HH:IHG:A6I:9ID
G:68FJ>G:9;G6C8=>H:G><=IH
L=>8=6G:7:>C<6BDGI>O:9JCI>A(DK:B7:G*A:6H:G:;:GID(DI:8FJ>H>I>DC ;DG;JGI=:G
>C;DGB6I>DC
BDGI>O6I>DCD;>CI6C<>7A:6HH:IHL6HB>AA>DC
B>AA>DC
6C9B>AA>DC>C

6C9
G:HE:8I>K:AN
 JIJG::ME:8I:96BDGI>O6I>DC:ME:CH:6HD; :7GJ6GN

>HB>AA>DC6C9B>AA>DC
;DG6C9
G:HE:8I>K:AN
JG>C<6C9
I=:DBE6CNG:8DO:9>CI6C<>7A:6HH:I>BE6>GB:CI8=6G<:HD;B>AA>DC6C9B>AA>DC

G:HE:8I>K:AN.=:H:>BE6>GB:CI8=6G<:HG:A6I:9IDI=:>CI6C<>7A:6HH:IHI=6IL:G:G:8DO:9DCI=:68FJ>H>I>DCD;'#,,),
*A:6H:G:;:GID(DI:#BE6>GB:CID;!DD9L>AA6C9)I=:GHH:IH
,:HIGJ8IJG>C<DHIH;DG;JGI=:G>C;DGB6I>DC
 ;@19<-5>91:@;2;;0C588-:0!@41>??1@?$1?@>A/@A>5:3;?@?
JG>C< 
I=:DBE6CN9:8>9:9IDH=>;I>IHAJAJA:BDC-IJ9>DHIG6I:9>C<9><>I6A6EE76H:9
H:GK>8:H.=:DBE6CN8DCI>CJ:9IDH:AAI=:AJAJA:BDC-IJ9>D'>GGDG=6G9L6G:>C
6C9G:68=:9I=:9:8>H>DCID8:6H:
H:AA>C<>I9JG>CG9FJ6GI:GD;#I6AHD8DCIG68I:9L>I=*:ADIDC#CI:G68I>K:
#C8ID7:I=::M8AJH>K:9><>I6A;>IC:HH
8DCI:CIEGDK>9:GID:M>HI>CDHJ7H8G>7:GH
6C9HIDEE:9EGD9J8>C<>IHDLC9><>I6A;>IC:HH8DCI:CI.=:
DBE6CN8:6H:9H:AA>CD'>GGDG6C9C:L9><>I6A8DCI:CIHJ7H8G>EI>DCH>C:8:B7:G
.=:H:HIG6I:;IHG:HJAI:9>C>BE6>GB:CII:HI>C<6C9I=:G:8DI>DCD;AA>BE6>GB:CI
>CK:CIDGNEGDK>H>DCH

6HH:I>BE6>GB:CIH
6C9G:HIGJ8IJG>C<8DHIHG:A6I:9IDI=:AJAJA:BDC-IJ9>DG:EDGI>CI.=:;DAADL>CO:HI=:
6BDJCIHG:8DO:9









*/%+0.*!.
DHIHG:8DG9:9>C8DHID;DD7HDA:H8:C8:EGDK>H>DC

S 

 


DHIHG:8DG9:9>CDE:G6I>C<:ME:CH:H
#BE6>GB:CID;6HH:IH
#BE6>GB:CID;AA

S 
S 


#BE6>GB:CID;>CI6C<>7A:6HH:IH

S 

 


#BE6>GB:CID;8ADJ98DBEJI>C<6GG6C<:B:CI>BEA:B:CI6I>DC8DHIH

S 

 
S
#BE6>GB:CID;EGDE:GIN6C9:FJ>EB:CI

S 

 



S 

 


,:HIGJ8IJG>C<8DHIH

S 

 
S
#BE6>GB:CID;AA6C9DI=:G6HH:IH
G:HIGJ8IJG>C<8DHIH

S 

 


.DI6AEG:I6M8=6G<:H

S 

 


#C8DB:I6M:;;:8IHD;8=6G<:H

S 

 


.DI6A6;I:GI6M8=6G<:H

S 

 


6?6?6/798$>?.399,=96/=-/8-/:<9@3=398
JG>C<
I=:8=6C<:>CHIG6I:DID;D8JHDC9><>I6A6EE76H:9H:GK>8:HB:6CII=:
DBE6CNCDADC<:G:ME:8I:9ID7:67A:IDH:AA6AAD;I=:AJAJA:BDC-IJ9>D=6G9L6G:>CK:CIDGN67DK:8DHI6C9>IG:8DO:96C
D7HDA:H8:C8:EGDK>H>DCD;B>AA>DC.=:C:IG:6A>O67A:K6AJ:L6H9:I:GB>C:976H:9DC=6G9L6G:H6A:H;DG:86HIH6C9
6HHJBEI>DCHG:<6G9>CFJ>96I>DCK6AJ:
H6G:HJAID;I=:9:8>H>DCID8:6H:H:AA>CD'>GGDG>CI=:I=>G9FJ6GI:GD;
I=:DBE6CN
G:8DO:96;JGI=:G>CK:CIDGND7HDA:H8:C8:EGDK>H>DCD;B>AA>DC9JG>C<.=:C:IG:6A>O67A:K6AJ:D;I=:AJAJA:BDC
-IJ9>D>CK:CIDGNL6H76H:9DC6HHJBEI>DCHG:<6G9>CFJ>96I>DCK6AJ:


7:+3<7/8>90199.A366+8.9>2/<+==/>=
H6G:HJAID;I=:HIG6I:;I9JG>C<
>IL6H8DC8AJ9:9I=6II=:DBE6CNH=DJA98DC9J8I6C>BE6>GB:CII:HI;DG
I=:AA
>CI6C<>7A:6HH:IH
6C9EGDE:GIN6C9:FJ>EB:CIG:A6I:9IDAJAJA:BDC-IJ9>D6HD;$6CJ6GN
.=:DBE6CN
JH:969>H8DJCI:986H=;ADLBD9:AID:HI>B6I:I=:;6>GK6AJ:D;I=:AJAJA:BDC-IJ9>DG:EDGI>CI76H:9DCI=:JE96I:9
HIG6I:<>8EA6CH
HJEEA:B:CI:97NB6G@:I8DBE6G67A:6C6ANH>H
L=>8=>C9>86I:9I=:;6>GK6AJ:D;AJAJA:BDC-IJ9>DL6HADL:G
I=6C>IH86GGN>CI>DCD;6C>BE6>GB:CID;AAD;B>AA>DC.=:@:N6HHJBEI>DCHJH:9ID
:HI>B6I:I=:;6>GK6AJ:D;I=:AJAJA:BDC-IJ9>DG:EDGI>CIL:G:I=:G:K:CJ:CIB6G<>CH
6C9
I=:9>H8DJCIG6I:.=:;6>GK6AJ:D;I=:AJAJA:BDC-IJ9>DG:EDGI>CIL6H6&:K:A;6>GK6AJ:B:6HJG:B:CI
HD;$6CJ6GN

I=:JC9>H8DJCI:986H=;ADLHD;I=:AJAJA:BDC-IJ9>D6HH:I8=I=:>CI6C<>7A:6HH:IH
7:ADC<:9L:G:A:HHI=6CI=:>G86GGN>CGK6AJ:D;I=:6HH:I8=
L6H6AHDA:HHI=6C>IH86GGN>CHG:HJAI:9>C>BE6>GB:CID;>CI6C<>7A:6HH:IHD;B>AA>DCG:A6I>C8=L6H6HHD8>6I:9L>I=>C=DB:=6G9L6G:
6C9IDI=:8JHIDB:GG:A6I>DCH=>E>CI6C<>7A:6HH:IHI=6IL:G:G:8DO:9
6HE6GID;I=:68FJ>H>I>DC
JG>C<
6H6G:HJAID;I=:DBE6CNH9:8>H>DCIDCDADC<:GEGD9J8:9><>I6A;>IC:HH8DCI:CI6C9ID8:6H:I=:H6A:D;
I=:AJAJA:BDC-IJ9>D'>GGDG
I=:DBE6CNE:G;DGB:9>BE6>GB:CII:HI>C<;DGI=:AJAJA:BDC-IJ9>D6HH:IH8DJCI:986H=;ADLHD;I=:AJAJA:BDC-IJ9>D6HH:IG86GGN>CGK6AJ:D;I=:6HH:I8=L6H6AHDA:HHI=6C>IH86GGN>CBE6>GB:CII:HI
I=:DBE6CNG:8DO:96HH:I>BE6>GB:CIHIDI6A>C<B>AA>DC9JG>C<.=:
;6>GK6AJ:D;ADC<A>K:96HH:IHL6H76H:9DC69>H8DJCI:986H=;ADLBD9:A
6C9>H6&:K:ACDCG:8JGG>C<;6>GK6AJ:
B:6HJG:B:CI.=:@:N6HHJBEI>DCHJH:9ID:HI>B6I:I=:;6>GK6AJ:L:G:HJ7H8G>7:G8=JGCG6I:H6C9DE:G6I>C<8DHIH
#/=>?<381-9=>=
JG>C<
I=:DBE6CNG:8DO:9G:HIGJ8IJG>C<8DHIHD;B>AA>DC;DGAJAJA:BDC-IJ9>DEG>B6G>ANG:A6I:9ID
8DCIG68II:GB>C6I>DC8DHIH
:BEADN::H:K:G6C8:8DHIH
6C9EGD;:HH>DC6A;::H
 ;@1	!@41> ;:A>>1:@??1@?
1.>A->E




-:A->E




*/%+0.*!.
ADJ98DBEJI>C<6GG6C<:B:CI>BEA:B:CI6I>DC8DHIH


 


-:8JG>IN9:EDH>IH


 


)I=:G


 


)I=:GCDC8JGG:CI6HH:IH


 


HD; :7GJ6GN
6C9$6CJ6GN

8ADJ98DBEJI>C<6GG6C<:B:CI>BEA:B:CI6I>DC8DHIH8DCH>HI:9D;9:;:GG:9
8DHIHD;B>AA>DC6C9B>AA>DC
G:HE:8I>K:AN
6C96HHD8>6I:9688JBJA6I:96BDGI>O6I>DCD;B>AA>DC6C9
B>AA>DC
G:HE:8I>K:AN


 ;@1		//>A105-.585@51?-:0!@41>
1.>A->E




-:A->E




*/%+0.*!.
88GJ:9DE:G6I>C<:ME:CH:H


 


 DGL6G98JGG:C8N8DCIG68IA>67>A>I>:H


 


-6A:HG:IJGC6AADL6C8:H


 


88GJ:9;G:><=I


 


88GJ:99JIN


 


88GJ:99><>I6AB6G@:I>C<


 


88GJ:986E>I6A:ME:C9>IJG:H


 


88GJ:9G:CI


 


-6A:HI6M8DAA:8I:9


 


)I=:G


 


88GJ:9A>67>A>I>:H6C9DI=:G


 


 ;@1	
$1B;8B5:3>105@-/585@51?
7/<3-+=0+-363>C
)C:8:B7:G

I=:DBE6CN:CI:G:9>CID6C6B:C9:96C9G:HI6I:98G:9>I6C<>IH:M>HI>C<
8G:9>I;68>A>IN
L=>8=EGDK>9:H;DGB>AA>DC>C8DBB>IB:CIHJC9:G6CJCH:8JG:9;>K:N:6GG:KDAK>C<8G:9>I;68>A>IN.=:
8G:9>I;68>A>IN=6H6B6IJG>IN96I:D;:8:B7:G
DGGDL>CI;68>A>INB6N7:EG:E6>96C9
8DBB>IB:CIHB6N7:G:9J8:9DGI:GB>C6I:9L>I=DJIEG:B>JBDGE:C6AINDI=:GI=6C8JHIDB6GN7G:6@6<:8DHIH
HD; :7GJ6GN

6H>9:;GDBA:II:GHD;8G:9>ID;B>AA>DC
I=:DBE6CN=69CDDI=:G7DGGDL>CC<
JC9:GI=>H8G:9>I;68>A>IN
DGGDL>CI;68>A>IN7:6G>CI:G:HI6I6G6I:E:G6CCJB:FJ6AID
6II=:DBE6CNHDEI>DC
:>I=:G
66G6I:76H:9DCI=:-:8JG:9)K:GC><=I >C6C8>C<,6I:6H69B>C>HI:G:97NI=: :9:G6A,:H:GK:6C@D;(:L3DG@-) ,

DG76C6AI:GC6I:76H:G6I:
EAJH
>C:68=86H:
6C6EEA>867A:B6G<>C.=:6EEA>867A:B6G<>C>H9:I:GB>C:97NG:;:G:C8:ID6
EG>8>C<9
76H:9DCI=:G6I>DD;>C9:7I:9C:HHID:6GC>CCI:G:HI
I6M
9:EG:8>6I>DC
6BDGI>O6I>DC
6C9G:CI
#.,6C9G6C<:H7:IL::C;DG-) ,AD6CH6C9;DG6AI:GC6I:76H:G6I:DG6C69>6C
EG>B:G6I:AD6CH99>I>DC6AAN
68DBB>IB:CI;::D;7:IL::C
6AHD9:I:GB>C:97NG:;:G:C8:IDI=:EG>8>C<
9
>HE6N67A:DCI=:6K:G6<:96>ANJCJH:96BDJCIHJC9:GI=:8G:9>I;68>A>IN
.=:6EEA>867A:>CI:G:HIG6I:H6C98DBB>IB:CI;::H6G:HJ7?:8IID69?JHIB:CI76H:9DC8:GI6>CHJHI6>C67>A>IN@:N
E:G;DGB6C8:>C9>86IDGH%*#H.=:ILD%*#H6G:76H:9DCHH>DCH>CI:CH>ING:9J8I>DC6C9<:C9:GE6N
:FJ>IN
6C9I=:DBE6CNHE:G;DGB6C8:6<6>CHI8:GI6>CI6G<:IHB:6HJG:9DC6C6CCJ6A76H>H8DJA9G:HJAI>CEDH>I>K:DG
C:<6I>K:HJHI6>C67>A>ING6I:69?JHIB:CIHD;76H>HED>CIHID>IH9G6LCEG>8>C<6C9EDH>I>K:DGC:<6I>K:HJHI6>C67>A>IN;::
69?JHIB:CIHD;76H>HED>CIHID>IHJC9G6LCEG>8>C<
.=:8G:9>I6CHC:<6I>K:8DK:C6CIHI=6I
6BDCCC:M8:EI>DCH
A>B>II=:
67>A>IND;I=:DBE6CNHHJ7H>9>6G>:HID>C8JG>C9:7I:9C:HH
>C8JGA>:CH
JC9:GHEDH>I>DCHD;6AA
DGHJ7HI6CI>6AAN6AAD;I=:>G6HH:IH
6AI:GI=:>G7JH>C:HH:H6C9:CI:G>CID6B>I>C9>6GN9>K>9:C9H6C9
9>HIG>7JI>DCH
.=:DBE6CNH;>C6C8>6A8DK:C6CIH>C8AJ9:B6>CI6>C>C<6CDE:G6I>CDD;CDIDD;8DCHDA>96I:9#.,ID8DCHDA>96I:9>CI:G:HI8=6G<:HEAJHG:CID;CDIA:HHI=6C.=:
8G:9>I6CH8:GI6>C8JHIDB6GNG:EG:H:CI6I>DCH
L6GG6CI>:H
6;;>GB6I>K:8DK:C6CIH
6C9:K:CIHD;9:;6JAI
>C8AJ9>C<
6BDCI6C6I:9
6C9I=:B6IJG>IND;6CNDJIHI6C9>C<6BDJCIHB6N7:688:A:G6I:9HD; :7GJ6GN


I=:DBE6CNL6H>C8DBEA>6C8:L>I=I=:8DK:C6CIHD;I=:8G:9>I;68>A>IN
238++386+8.0+-363>C
.=:DBE6CN=6H6CJC8DBB>II:96C9JCH:8JG:9B>AA>DC=>C:H:3J6CB>AA>DCG:KDAK>C<8G:9>I;68>A>IN
L>I=I:GBHI=6I6G:G:K>:L:9DC6C6CCJ6A76H>H#I>H8DBEG>H:9D;6G:KDAK>CAA>DC=>C:H:3J6C


B>AA>DC6C96A>IND;JEIDB>AA>DC=>C:H:3J6CB>AA>DC
DG>IH:FJ>K6A:CI>C6CDI=:G8JGG:C8N
&D6CH6G:6K6>A67A:;DG6E:G>D9CDIID:M8::9BDCI=H
6I6C>CI:G:HIG6I::FJ6AIDI=:AD6CEG>B:G6I:EAJH6HEG:69D;
.=:DBE6CN>HG:FJ>G:9ID;DAADL8:GI6>C8DK:C6CIHHD; :7GJ6GN

I=:DBE6CNL6H>C8DBEA>6C8:L>I=
I=:8DK:C6CIH6C9
6H>9:;GDBA:II:GHD;8G:9>ID;B>AA>DC =>C:H:3J6CB>AA>DC
I=:G:L:G:CDDI=:G7DGGDL>CCH8G:9>I;68>A>IN
 ;@1	%A<<8E4-5:5:-:/5:3">;3>-9
.=:DBE6CN;68>A>I6I:H6KDAJCI6GNHJEEAN8=6>C;>C6C8>C<- EGDIHHJEEA>:GHID:A:8IIDH:AAI=:
G:8:>K67A:HDL:9IDI=:B7NI=:DBE6CNID6I=>G9E6GIN;>C6C8>6A>CHI>IJI>DC*6GI>8>E6I>C:GHC:6I:6GG6C<:B:CIH
9>G:8IANL>I=I=:;>C6C8>6A>CHI>IJI>DC#;6HJEEA>:G8=DDH:HIDE6GI>8>E6I:>CI=:- EGDIB6NG:FJ:HI6C>CKD>8:7:E6>9
:6GA>:GI=6C>ILDJA97NI=:DBE6CN
6C9I=:;>C6C8>6A>CHI>IJI>DC6I>IHHDA:6C967HDAJI:9>H8G:I>DC
B6N:A:8IIDB6@:6C
:6GANE6NB:CIIDI=:HJEEA>:G6I69>H8DJCI.=:DBE6CNHD7A><6I>DCHID>IHHJEEA>:GH
>C8AJ9>C<6BDJCIH9J:6C9H8=:9JA:9
E6NB:CII:GBH
6G:CDI>BE68I:97N6HJEEA>:GHE6GI>8>E6I>DC>CI=:6GG6C<:B:CI6C9I=:DBE6CNEGDK>9:HCDG9E6GI>:HJC9:GI=:- EGDC8=6G:EG:H:CI:9L>I=>C688DJCIHE6N67A:
>H
EG:H:CI:97:ADL






*/%+0.*!.
-JEEAN8=6>C;>C6C8>CCC>CCCC;>C6C8>C?=A5@E
$:/-3+6@9>381=>9-5+8./B-2+81/+,6/=2+6AKDI>CIA:9IDDC:KDI:;DG:68=H=6G:=:A9.=:HE:8>6AKDI>CIA:9IDG:8:>K:9>K>9:C9HDG9>HIG>7JI>DCHDGG:8:>K:6CN8DCH>9:G6I>DC>CI=::K:CID;6A>FJ>96I>DC
9>HHDAJI>DC
DGL>C9JE
.DI=::MI:CII=6I:M8=6C<:67A:H=6G:H6H9:H8G>7:97:ADL6G::M8=6C<:9;DG8DBBDCHID8@
68DGG:HEDC9>C6AKDI>CAA7:86C8:AA:9L>I=DJI8DCH>9:G6I>DC
.=:=DA9:GHD;I=::M8=6C<:67A:H=6G:H=6K:9>K>9:C96C9A>FJ>96I>DCG><=IH:FJ>K6A:CIIDI=DH:D;=DA9:GHD;I=:
8DBBDCH=6G:HD;I=:DBE6CN.=::M8=6C<:67A:H=6G:H86C7:8DCK:GI:9DC6DC:;DGDC:76H>H7NI=:=DA9:G6I6CNI>B:
>CID8DBBDCH=6G:HD;I=:DBE6CNEAJH686H=E6NB:CI;DG6CN688GJ:96C9JCE6>99>K>9:C9H"DA9:GHD;:M8=6C<:67A:
H=6G:H6G::CI>IA:9IDI=:H6B:DG:8DCDB>86AAN:FJ>K6A:CI9>K>9:C96H9:8A6G:9DCI=:8DBBDCHID8@D;I=:DBE6CN.=:
:M8=6C<:67A:H=6G:H6G:CDCKDI>C<.=:DBE6CN=6HI=:G><=IID8DCK:GII=::M8=6C<:67A:H=6G:H>CID8DBBDCH=6G:HD;
I=:DBE6CN6I6CNI>B:6;I:GI=::6GA>:HID;$JAN

I=:96I:DCL=>8=;:L:GI=6CB>AA>DC:M8=6C<:67A:H=6G:H6G:
DJIHI6C9>C<
DG>CI=::K:CID;8:GI6>C:K:CIHHJ8=6H68=6C<:>C8DCIGDA
 ;@1	
%@;/7-?10;9<1:?-@5;:-:01:125@"8-:?
$>9-5,+=/.-97:/8=+>398:6+8=
.=:DBE6CNH:A><>7A::BEADN::HE6GI>8>E6I:>CK6G>DJHHID8@76H:98DBE:CH6I>DCEA6CH
EGDK>9:99>G:8IAN7NI=:
DBE6CN
#C$JC:
I=:DBE6CNHHID8@=DA9:GH6EEGDK:9I=:69DEI>DCD;I=:AJAJA:BDC6I=A:I>86>C8FJ>IN#C8:CI>K:
*A6C.=:FJ>IN#C8:CI>K:*A6CEGDK>9:H;DG6L6G9H>CI=:;DGBD;HID8@DEI>DCH
HID8@6EEG:8>6I>DCG><=IH
G:HIG>8I:9
HID8@EJG8=6H:G><=IH
G:HIG>8I:9HID8@7DCJH:H
G:HIG>8I:9HID8@JC>IH
E:G;DGB6C8:H=6G:H
E:G;DGB6C8:76H:9G:HIG>8I:9
HID8@JC>IH
86H=76H:96L6G9H
DI=:GHID8@76H:96L6G9H
6C99:;:GG:98DBE:CH6I>DC6L6G9HID:BEADN::H>C8AJ9>C<
D;;>8:GH6C99>G:8IDGHL=D6G:6AHD:BEADN::H
8DCHJAI6CIH
6C99>G:8IDGHD;I=:DBE6CN
.=:6L6G9HIN#C8:CI>K:*A6CG:B6>CDJIHI6C9>C<6C98DCI>CJ:IDK:HIJC9:GI=:>GDG><>C6A
8DC9>I>DCH(D;JGI=:G6L6G9HL>AA7:IN#C8:CI>K:*A6C


.=:DBE6CN=6HDCH
E:G;DGB6C8:76H:9G:HIG>8I:9HID8@JC>IH
G:HIG>8I:9HID8@JC>IH
6C9G:HIG>8I:9
H=6G:H-ID8@DEI>DCHCD96C9K:HI6I6G6I:D;:68=N:6GDCI=:
6CC>K:GH6GN96I:D;I=:DCH<:C:G6AAN:ME>G:DCI=::6GA>:GD;H:K:CN:6GH;GDBI=:96I:D;;>:9E:G>D9D;I>B:;DAADL>CC6I>DC*:G;DGB6C8:76H:9G:HIG>8I:9HID8@JC>IH>HHJ:9<:C:G6AANK:HII=G::N:6GH
;GDBI=:8I:9H=6G:H<:C:G6AANK:HIDC:N:6G;GDBI=:8I:9HID8@JC>IHCD96C9K:HI6I68:GI6>CE:G8:CI6<::68=N:6GDCI=:6CC>K:GH6GN96I:D;I=:HHJ:HEG:K>DJHANJC>HHJ:9H=6G:HJEDCI=::M:G8>H:D;DBE6CNDEI>DCH
K:HI>C8I:9HID8@JC>IHDGG:HIG>8I:9HID8@JC>IHI=6I6G:H:IIA:9>C8DBBDCHID8@
6C9C8I:9H=6G:H
-ID8@76H:98DBE:CH6I>DC:ME:CH:8=6G<:9ID>C8DB:;DGI=:EA6CHL6HB>AA>DC
B>AA>DC
6C9B>AA>DC
;DG

6C9
G:HE:8I>K:AN
.DI6AJCG:8DO:98DBE:CH6I>DC8DHI;DG6AAHID8@76H:98DBE:CH6I>DCEA6CHL6HB>AA>DC6HD; :7GJ6GN


L=>8=>H:ME:8I:9ID7:G:8DO:9DK:G6L:><=I:96K:G6<:E:G>D9D;N:6GH
6C9L6HB>AA>DC6HD;
$6CJ6GN
DK:G6L:><=I:96K:G6<:E:G>D9D;N:6GH
HJBB6GND;I=:76A6C8:HD;I=:DBE6CNHHID8@76H:98DBE:CH6I>DCEA6CH6HD; :7GJ6GN

$6CJ6GN


6C9$6CJ6GN

6C98=6C<:H9JG>CH86AN:6GHI=:C:C9:9>HEG:H:CI:97:ADL
%@;/7!<@5;:?
"1>2;>9-:/1-?10
$1?@>5/@10%@;/7':5@?
$1?@>5/@10%4->1?
$1?@>5/@10%@;/7':5@?
 A9.1>
)1534@10
B1>-31
D1>/5?1
">5/1
 A9.1>
)1534@10
B1>-31
>-:@-@1
-5>(-8A1
 A9.1>
)1534@10
B1>-31
>-:@-@1
-5>(-8A1
 A9.1>
)1534@10
B1>-31
>-:@-@1
-5>(-8A1
*/%+0.*!."3 ",/,"-.%-")+0*/.
6A6C8:6HD;$6CJ6GN


 
 
 
 
 
 
 

!G6CI:9

 
 
 
 
 
 
 

M:G8>H:9
K:HI:9

 
 
 
 
 
 
 

 DG;:>I:9
:ME>G:9

 
 
 
 
S 
S 
 

6A6C8:6HD;$6CJ6GN


 
 
 
 
 
 
 

!G6CI:9

 
 
 
 
 
 
 

M:G8>H:9
K:HI:9

 
 
 
 
 
 
 

 DG;:>I:9
:ME>G:9

 
 
 
 
S 
 
 

6A6C8:6HD;$6CJ6GN


 
 
 
 
 
 
 

!G6CI:9

 
 
 
 
 
 
 

M:G8>H:9
K:HI:9

 
 
 
 
 
 
 

 DG;:>I:9
:ME>G:9

 
 
 
 
S 
S 
 

6A6C8:6HD; :7GJ6GN


 
 
 
 
   
 

IDI6AD;B>AA>DCH=6G:HD;I=:DBE6CNH8DBBDCHID8@=6K:7::C6JI=DG>O:9;DG;JIJG:>HHJ6C8:JC9:GI=:
DBE6CNHFJ>IN#C8:CI>K:*A6C
.=:DBE6CNHE:G;DGB6C8:76H:9G:HIG>8I:9HID8@JC>IH6G:6L6G9:9ID:A><>7A::BEADN::H6C9:CI>IA:I=:K:6B6M>BJBD;ILDH=6G:HD;8DBBDCHID8@E:GE:G;DGB6C8:76H:9G:HIG>8I:9HID8@JC>I>;I=:DBE6CN68=>:K:H
HE:8>;>:9E:G;DGB6C8:CH:BEADN:99JG>CCD9.=:;6>GK6AJ:D;E:G;DGB6C8:
76H:9G:HIG>8I:9HID8@JC>IH>H76H:9DCI=:8ADH>C8:D;I=:DBE6CNH8DBBDCHID8@DCI=:8I:9HID8@JC>IH>HG:8DO:9L=:C>I>HEGD767A:I=6II=:E:G;DGB6C8:AA7:68=>:K:9
.=:GK6AJ:D;I=:G:HIG>8I:9H=6G:H6C9G:HIG>8I:9HID8@JC>IH>H76H:9DCI=:8ADH>C8:D;I=:
DBE6CNH8DBBDCHID8@DCI=:GK6AJ:D;:68=HID8@DEI>DCH:HI>B6I:9DCI=:96I:D;CC8:D;I=:DBE6CNH8DBBDCHID8@DCI=:HJH:9>CI=:BD9:A.=:6HHJBEI>DCHJH:9ID86A8JA6I:
I=:;6>GK6AJ:D;I=:DEI>DCHH:9
6HC:8:HH6GN
IDG:;A:8IB6G@:I8DC9>I>DCH6C9I=:DBE6CNH
=>HIDG>86A:ME:G>:C8:.=::ME:8I:9I:GBD;I=:DEI>DCH>H76H:9JEDCI=:=>HIDG>86A:ME:G>:C8:D;H>B>A6G6L6G9H
<>K>C<
8DCH>9:G6I>DCID:ME:8I6I>DCHD;;JIJG::M:G8>H:7:=6K>DGME:8I:9KDA6I>A>IN>H76H:9JEDCI=:=>HIDG>86AKDA6I>A>IND;I=:
DBE6CNH8DBBDCHID8@;DGI=:E:G>D98DGG:HEDC9>CI=I=::ME:8I:9I:GBD;I=:DEI>DCH.=:G>H@;G::>CI:G:HIG6I:>H
76H:9DCI=:/-.G:6HJGNN>:A98JGK:;DGI=:E:G>D98DGG:HEDC9>CI=I=::ME:8I:9I:GBD;I=:DEI>DCH.=:;DAADL>C<6G:
L:><=I:96K:G6<:HD;I=:6HHJBEI>DCHI=6IL:G:JH:9>C86A8JA6I>CGK6AJ:D;HID8@DEI>DCHC

6C9










ME:8I:9I:GB
N:6GH
N:6GH
N:6GH
ME:8I:9KDA6I>A>IN



,>H@;G::>CI:G:HIG6I:



>K>9:C9N>:A9
S
S
S
.=:;DAADL>CO:H>C;DGB6I>DC67DJIHID8@DEI>DCHDJIHI6C9>C<6C9:M:G8>H67A:6HD; :7GJ6GN

!A@?@-:05:3
D1>/5?-.81
$-:31;2D1>/5?1">5/1?
 A9.1>;2
!<@5;:?
)1534@10
B1>-31
D1>/5?1">5/1
)1534@10
B1>-31
$19-5:5:3
521+1->?
 A9.1>;2
!<@5;:?
)1534@10
B1>-31
D1>/5?1">5/1
)1534@10
B1>-31
$19-5:5:3
521+1->?
*/%+0.*!."3 ",/,"-.%-")+0*/.*!4"-.


 



 




 



 




 



 




 



 




 



 



 



 


#CIG>CH>8K6AJ:






HD; :7GJ6GN

I=:JCG:8DO:98DBE:CH6I>DC8DHIG:A6I:9IDI=:H:DEI>DCHL6HB>AA>DC
L=>8=>H
:ME:8I:9ID7:G:8DO:9DK:G6L:><=I:96K:G6<:E:G>D9D;N:6GH.=:L:><=I:96K:G6<:GK6AJ:D;DEI>DCH
C<

6C9L6H

6C9
G:HE:8I>K:AN
.=:;DAADL>CO:HI=:>CIG>CH>8K6AJ:D;DEI>DCH:M:G8>H:96C96L6G9HI=6IK:HI:99JG>C<

6C9










*/%+0.*!.
-ID8@DEI>DCH


 

 


*:G;DGB6C8:76H:9G:HIG>8I:9HID8@JC>IH


 

 


,:HIG>8I:9H=6G:H


 

 


,:HIG>8I:9HID8@JC>IH


 

 




 

 


7:69C//=2+7JI>DCH6G:B69:7N:A><>7A::BEADN::H
HJ7?:8IID
8:GI6>CA>B>IH9:;>C:9>CI=:-**
6C9I=:DBE6CNB6I8=:HDC:I=>G9D;I=:8DCIG>7JI>DC.=:B6M>BJBCJB7:GD;H=6G:H
6JI=DG>O:9ID7:EJG8=6H:9JC9:GI=:-**>H B>AA>DCH=6G:HAAH=6G:HEJG8=6H:9JC9:GI=:-**6G:EJG8=6H:9>CI=:
DE:CB6G@:IJG>C<:68=D;

6C9
I=:G:L:G:B>AA>DCH=6G:HEJG8=6H:9HD; :7GJ6GN


B>AA>DCH=6G:HG:B6>C6JI=DG>O:9ID7:EJG8=6H:9JC9:GI=:-**


/038/.-98><3,?>398:/8=398:6+8=
.=:DBE6CND;;:GH9:;>C:98DCIG>7JI>DCE:CH>DCEA6CHID>IH:A><>7A::BEADN::H*6GI>8>E6I>C<:BEADN::HB6N:A:8IID
9:;:G6C98DCIG>7JI:6EDGI>DCD;I=:>G:A><>7A:8DBE:CH6I>DCID6EA6CJEIDA>B>IHHI6I:9>CI=:EA6C9D8JB:CIH
CDIID
:M8::9I=:9DAA6G6BDJCIHH:I7N6EEA>867A:A6LH.=:DBE6CNB6I8=:HIDD;I=:8DCIG>7JI>DC9:E:C9>C8>E6CIHA:C8:
6C9I=:8DCIG>7JI>DC>HHJ7?:8IID6ILDN:6GK:HI>CD9.=:DBE6CNHC:I:ME:CH:;DG
I=:9:;>C:98DCIG>7JI>DCEA6CHL6HB>AA>DC
B>AA>DC
6C9B>AA>DC9JG>C<

6C9
G:HE:8I>K:AN
 ;@1	-5>(-8A11-?A>191:@
==/>=+8.63+,363>3/=7/+=?0+3<@+6?/98+C6HH:IH6C9A>67>A>I>:HI=6I6G:G:FJ>G:9ID7:
B:6HJG:96I;6>GK6AJ:DC6G:8JGG>C<76H>H
1.>A->E




1B18	
1B18
1B18
-8-:/1%411@8-??525/-@5;:
*/%+0.*!.
'DC:NB6G@:I;JC9H


 

 
S 
S 6H=6C986H=:FJ>K6A:CIH
.:GB9:EDH>IH

 
S 
 
S 6H=6C986H=:FJ>K6A:CIH
 DGL6G98JGG:C8N8DCIG68I6HH:IH


 
S 

 
S
*G:E6>9:ME:CH:H6C9DI=:G
8JGG:CI6HH:IH
 DGL6G98JGG:C8N8DCIG68I
A>67>A>I>:H


 
S 

 
S )I=:G8JGG:CIA>67>A>I>:H
-:A->E




1B18	
1B18
1B18
-8-:/1%411@8-??525/-@5;:
*/%+0.*!.
'DC:NB6G@:I;JC9H



 


 
S 
S 6H=6C986H=:FJ>K6A:CIH
.:GB9:EDH>IH

 
S 
 
S 6H=6C986H=:FJ>K6A:CIH
 DGL6G98JGG:C8N8DCIG68I6HH:IH

 
S 
 
S
*G:E6>9:ME:CH:H6C9DI=:G
8JGG:CI6HH:IH
 DGL6G98JGG:C8N8DCIG68I
A>67>A>I>:H


 
S 

 
S )I=:G8JGG:CIA>67>A>I>:H
.=:DBE6CN=6HH=DGII:GB
=><=ANA>FJ>9>CK:HIB:CIH8A6HH>;>:96H86H=:FJ>K6A:CIH
L=>8=6G:>CK:HI:9>CBDC:N
B6G@:I;JC9H6C9H=DGII:GB9:EDH>IHL>I=DG><>C6AB6IJG>I>:HD;I=G::BDCI=HDGA:HH.=:DBE6CNG:8DG9H86H=:FJ>K6A:CIH
6II=:>GDG><>C6AEJG8=6H:EG>8:HEAJH>CI:G:HII=6I=6H688GJ:96II=:HI6I:9G6I:
.=:;6>GK6AJ:HD;I=:;DGL6G98JGG:C8N8DCIG68I6HH:IH6C9A>67>A>I>:H6G:9:I:GB>C:9JH>CCEJIH

>C8AJ9>C<;DG:>8>C<8JGK:H
6C9>CI:G:HIG6I:H.=:;6>GK6AJ:H8DCH>9:GI=:8G:9>I
G>H@D;I=:DBE6CN6C9>IH8DJCI:GE6GI>:H.=:DBE6CNH'6HI:G#CI:GC6I>DC6A-L6E:6A:GHHHD8>6I>DC
#C8
B>A6G6GG6C<:B:CIH6AADLC:IH:IIA:B:CIHJC9:G8:GI6>C8DC9>I>DCH"DL:K:G
I=:DBE6CNG:8DG9H6AA9:G>K6I>K:H
DC>IH8DCHDA>96I:976A6C8:H=::IH6I;6>GK6AJ:6C99D:HCDID;;H:I9:G>K6I>K:6HH:IH6C9A>67>A>I>:H
==/>=+8.63+,363>3/=7/+=?0+3<@+6?/98+898C6I>DCA>67>A>I>:H6I;6>GK6AJ:DC6CDCG:8JGG>C<76H>H
9:I:GB>C:9JH>C<
&:K:A>CEJIH76H:9DCG:B6>C>CB6I:9HJ7A:6H:>C8DB:
JG>C<6C9
I=:DBE6CNG:8DG9:9>BE6>GB:CI8=6G<:H;DGAA
>CI6C<>7A:6HH:IH
8ADJ98DBEJI>C<
6GG6C<:B:CI>BEA:B:CI6I>DC8DHIH
6C9EGDE:GIN6C9:FJ>EB:CI
6H9>H8ADH:9>C(DI:#BE6>GB:CID;!DD9L>AA6C9)I=:G
HH:IH
,:HIGJ8IJG>C<DHIH.=6ICDI:>C8AJ9:H9:I6>AHDCI=:9>H8DJCI:986H=;ADLBD9:AJH:9ID:HI>B6I:;6>GK6AJ:
L=>8=>H
6&:K:AK6AJ6I>DCI:8=C>FJ:
 ;@1	1>5B-@5B15:-:/5-8:?@>A91:@?
.=:DBE6CN8JGG:CIAN=:9<:H6<6>CHI8=6C<:H>CI=:6C69>6C9DAA6G6C9=>C:H:3J6CIDI=:/-9DAA6G:M8=6C<:
G6I:6C98=6C<:H>CI=:JGD6C9JHIG6A>6C9DAA6GIDI=:6C69>6C9DAA6G:M8=6C<:G6I:JH>C<;DGL6G98JGG:C8N8DCIG68IH


/>38@/=>7/8>2/.1/=
.=:DBE6CN>H:MEDH:9ID;DG:>CH6C9ADHH:HL=>8=6G>H:DCIG6CHA6I>DCD;>IH>CI:GC6I>DC6A
HJ7H>9>6G>:H76A6C8:H=::IH>CID/-9DAA6GH.=:H:<6>CH6C9ADHH:H6G:G:8DG9:96HDI=:G8DBEG:=:CH>K:>C8DB:ADHH
C:I
D;I6M>C688JBJA6I:9DI=:G8DBEG:=:CH>K:>C8DB:DGADHHL>I=>CHID8@=DA9:GH:FJ>IN
.=:DBE6CN=DA9H6H>;>86CIEDGI>DCD;>IH6HH:IH>C6C6966C9:CI:GH>CID;DGL6G98JGG:C8N8DCIG68IH9:H>DCD;I=:;DG:>H:HDCIG6CHA6I>DCD;66C69>6CHJ7H>9>6GN>CID/-9DAA6GH.=:H:
;DGL6G98JGG:C8N8DCIG68IH6G:9:H>CK:HIB:CI=:9<:H.=:DBE6CN6HH:HH:H=:9<::;;:8I>K:C:HH76H:9DC
8=6C<:H>C;DGL6G9G6I:H.=:DBE6CNG:8DG9:9CD>C:;;:8I>K:C:HH;GDBC:I>CK:HIB:CI=:9<:H9JG>C<
/<3@+>3@/=89>./=318+>/.+=2/.138138=>=
JG>C<
I=:DBE6CN:CI:G:9>CID8:GI6>C;DGL6G98JGG:C8N8DCIG68IH9:H>86AAN=:9<:I=:;DG:>DC<6>CH6C9ADHH:HI=6I6G:G:8DO:97N>IH6C69>6C6C9=>C:H:HJ7H>9>6G>:HDCHE:8>;>8
BDC:I6GN6HH:IH6C9A>67>A>I>:H9:CDB>C6I:9>C8JGG:C8>:HDI=:GI=6CI=:;JC8I>DC6A8JGG:C8ND;I=::CI>IN.=:DBE6CN=6H
CDI6EEA>:9=:9<:688DJCI>CCHIGJB:CIH6C9I=:8=6C<:>C;6>GK6AJ:D;I=:H:9:G>K6I>K:H>HG:8DG9:9L>I=>CH:AA>C<

<:C:G6A6C969B>C>HIG6I>K::ME:CH:H
"?+8>3>+>3@/.3=-69=?./<3@+>3@/038+8-3+638=>=
.=:CDI>DC6A6BDJCIH6C9;6>GK6AJ:HD;;DGL6G98JGG:C8N8DCIG68IHL:G:6H;DAADLH
1.>A->E



-:A->E



>;??
 ;@5;:-8
??1@?
5-.585@51?
>;??
 ;@5;:-8
??1@?
5-.585@51?
*/%+0.*!.
:G>K6I>K:H9:H>CK:HIB:CI=:9<:H
 DGL6G98JGG:C8N8DCIG68IH



 

 
S 


 
S 

:G>K6I>K:HCDI9:H>C6
=:9<>CDCH=>E
 DGL6G98JGG:C8N8DCIG68IH



 

 

 


 
 


(:I9:G>K6I>K:HG:8DO:9DC
8DCHDA>96I:976A6C8:H=::IH
 DGL6G98JGG:C8N8DCIG68IH


 



 


HD; :7GJ6GN

I=:G:L:G:9:G>K6I>K:6HH:IHD;B>AA>DC6C99:G>K6I>K:A>67>A>I>:HD;B>AA>DCHJ7?:8IID
:C;DG8:67A:C:II>C<6GG6C<:B:CIH
.=:;DGL6G98JGG:C8N8DCIG68IH9:H>CK:HIB:CI=:9<:HDJIHI6C9>C<6HD; :7GJ6GN
B6IJG:DC
9>;;:G:CI96I:H7:IL::C :7GJ6GN6C9)8ID7:G
.=:;DGL6G98JGG:C8N8DCIG68IHCDI9:H>C6=:9<>CDCH=>EDJIHI6C9>C<6HD; :7GJ6GN
B6IJG:DC
9>;;:G:CI96I:H7:IL::C :7GJ6GN6C9(DK:B7:G
.=:EG:I6M<6>CH6C9ADHH:HDC;DG:>C688JBJA6I:9DI=:G
8DBEG:=:CH>K:>C8DB:DGADHHL:G:6H;DAADLH









*/%+0.*!.
!6>CHADHH:HG:8DO:9>CC:I>CK:HIB:CI=:9<:<6>CHADHH:H
:G>K6I>K:H9:H>CK:HIB:CI=:9<:H


 

 




(D<6>CHDGADHH:H=6K:7::CG:8A6HH>;>:9;GDB688JBJA6I:9DI=:G8DBEG:=:CH>K:>C8DB:DGADHH>CIDC:I>C8DB:;DG
9:G>K6I>K:;>C6C8>6A>CHIGJB:CIH>C6C:I>CK:HIB:CI=:9<>CDCH=>E
6HI=:DBE6CN=6HCDIHDA9DGA>FJ>96I:9DG
HJ7HI6CI>6AANA>FJ>96I:9>IH=:9<:9HJ7H>9>6GN
.=:EG:I6MC:I;DG:>K6I>K:<6>CH6C9ADHH:HG:8DG9:9>CI=:8DCHDA>96I:9HI6I:B:CID;
DE:G6I>DCHL:G:6H;DAADLH









*/%+0.*!.
!6>CHADHH:HG:8DO:9>CH:AA>C<
<:C:G6A6C969B>C>HIG6I>K::ME:CH:H
 DG:>CHADHH:H


 

 


:G>K6I>K:HCDI9:H>C6=:9<>CDCH=>E


 

 


(:I;DG:>K6I>K:<6>CHADHH:H


 
 


 ;@1	1-?1?
.=:DBE6CN=6HD7A><6I>DCHJC9:GDE:G6I>CIHHIDG:6C9DI=:GG:I6>AAD86I>DCH
9>HIG>7JI>DC8:CI:GH
D;;>8:H

6C9:FJ>EB:CIHD; :7GJ6GN

I=:>C>I>6AA:6H:I:GBHD;I=:K6G>DJHA:6H:H<:C:G6AANG6C<:;GDBILDIDN:6GH.=:
B6?DG>IND;I=:DBE6CNHA:6H:H>C8AJ9:G:C:L6ADEI>DCH6II=:HDA:9>H8G:I>DCD;I=:DBE6CN.=:A:6H:I:GB>C8AJ9:H
DEI>DCHID:MI:C9DGI:GB>C6I:I=:A:6H:L=:C>I>HG:6HDC67AN8:GI6>CI=DH:DEI>DCHL>AA7::M:G8>H:9
.=:;DAADL>CAHI=:DBE6CNHC:IA:6H::ME:CH::GI6>CD;I=:DBE6CNHA:6H:H>C8AJ9:G:CI:H86A6I>DC
8A6JH:H
G:CI=DA>96NH
6C9A:6H:=DA9G:CI6A>C8:CI>K:H.=:B6?DG>IND;I=:DBE6CNHA:6H:H;DGHIDG:EG:B>H:H6AHD>C8AJ9:
8DCI>C<:CIG:CI6AE6NB:CIH76H:9DCH6A:HKDAJB:.=:K6G>67A:A:6H::ME:CH:H9>H8ADH:97:ADL>C8AJ9:8DCI>C<:CIG:CI
E6NB:CIH6C9DI=:GCDC;>M:9A:6H:G:A6I:98DHIH
>C8AJ9>C<8DBBDC6G:6B6>CI:C6C8:
EGDE:GINI6M:H
6C9A6C9ADG9H
>CHJG6C8:









*/%+0.*!.
(:IA:6H::ME:CH:
)E:G6I>C67A:A:6H::ME:CH:


 

 


-J7A:6H:>C8DB:


 
S 
S


 

 


.=:;DAADL>CC>BJBA:6H:E6NB:CIH7N;>H86AN:6G6C9I=:>BE68ID;9>H8DJCI>C<
1.>A->E




*/%+0.*!.




















.=:G:6;I:G



 JIJG:B>C>BJBA:6H:E6NB:CIH




#BE68ID;9>H8DJCI>C<



*G:H:CIK6AJ:D;A:6H:A>67>A>I>:H




6A6C8:H=::I8A6HH>;>86I>DC
JGG:CIA:6H:A>67>A>I>:H



(DC8JGG:CIA:6H:A>67>A>I>:H










HD; :7GJ6GN

I=:DBE6CNHB>C>BJBA:6H:8DBB>IB:CI;DG9>HIG>7JI>DC8:CI:GDE:G6I>C8==6K:
7::C8DBB>II:9ID
7JICDIN:I8DBB:C8:9
L6HB>AA>DC
L=>8=>HCDIG:;A:8I:9>CI=:I67A:67DK:
.=:L:><=I:96K:G6<:G:B6>C>C<=I:96K:G6<:9>H8DJCIG6I:HL:G:6H;DAADLH
1.>A->E




-:A->E




1:><=I:96K:G6<:G:B6>C>C<=I:96K:G6<:9>H8DJCIG6I:


 ;@1	:/;91&-D1?
.=:DBE6CNH9DB:HI>86C9;DG:>C8DB:7:;DG:>C8DB:I6M:ME:CH:6C98JGG:CI6C99:;:GG:9>C8DB:I6M:H;GDB
;:9:G6A
HI6I:
6C9;DG:>C8DB:I6M:ME:CH:
DB:HI>8


 

 


 DG:>C8DB:I6M:ME:CH:
 :9:G6A


 

 


-I6I:


 

 


 DG:>C8DB:I6M:ME:CH:G:8DK:GN
 :9:G6A


 

 


-I6I:


 

 


 DG:>C8DB:I6M:ME:CH:;DG6C9>C8AJ9:8:GI6>C9>H8G:I:I6M6BDJCIH
6H;DAADLH









*/%+0.*!.
#BE6>GB:CID;AA6C9DI=:G6HH:IH
G:HIGJ8IJG>C<8DHIH

S 

 


!6>CDC9>HEDH6AD;6HH:IH

S 
S 


.DI6A9>H8G:I:>C8DB:I6M:ME:CH:G:8DK:GN

S 

 


*A:6H:G:;:GID(DI:*GDE:GIN6C9FJ>EB:CI6C9(DI:#BE6>GB:CID;!DD9L>AA6C9)I=:GHH:IH
,:HIGJ8IJG>C<
DHIH;DG;JGI=:G>C;DGB6I>DC
HD; :7GJ6GN

I=:DBE6CNHC:I>CK:HIB:CI>C>IH6C69>6CHJ7H>9>6G>:HL6H7>AA>DC
D;L=>8=7>AA>DC
L6H9:I:GB>C:9ID7:>C9:;>C>I:ANG:>CK:HI:99:;:GG:9>C8DB:I6MA>67>A>IND;B>AA>DC=6H7::CG:8DO:9>CG:A6I>DC
IDI=:EDGI>DCD;I=:DBE6CNHC:I>CK:HIB:CI>C>IH6C69>6CHJ7H>9>6G>:HI=6I>HCDI>C9:;>C>I:ANG:>CK:HI:9
G:EG:H:CI>C<
I=:6C69>6CL>I==DA9>CC8DB:I6M:HL=>8=LDJA97:9J:JEDCG:E6IG>6I>DC.=>H9:;:GG:9I6MA>67>A>IN
=6H7::CG:8DG9:9DCI=:76H>HI=6II=:DBE6CNLDJA98=DDH:IDB6@:I=:G:E6IG>6I>DCIG6CH68I>DCH>CI=:BDHII6M
:;;>8>:CIB6CC:G-E:8>;>86AAN
IDI=::MI:CII=6II=:6C69>6CHJ7H>9>6G>:H=6K:E6>9JE86E>I6A
6CNHJ8=9>HIG>7JI>DCHLDJA9
7:HIGJ8IJG:96H6G:IJGCD;86E>I6A
6C9I=:G:;DG:CDIHJ7?:8IID6C69>6CL>I==DA9>CO:99:;:GG:9>C8DB:
I6MA>67>A>INDCI=:>C9:;>C>I:ANG:>CK:HI:96BDJCI>H6EEGDM>B6I:ANB>AA>DC(D9:;:GG:9>C8DB:I6MA>67>A>I>:H=6K:7::C
G:8DO:9DC6CND;I=:JC9>HIG>7JI:9:6GC>C9>6G>:H6HI=:H::6GC>CCK:HI:9DJIH>9:D;I=:/C>I:9-I6I:HM8AJ9>C<>IH6C69>6CHJ7H>9>6G>:H
8JBJA6I>K:JC9>HIG>7JI:9:6GC>C9>6G>:H6HD; :7GJ6GN
L:G:B>AA>DC


HD; :7GJ6GN

I=:DBE6CN=6986H=6C986H=:FJ>K6A:CIHD;7>AA>DCDJIH>9:D;I=:/C>I:9-I6I:H
HJBB6GNG:8DC8>A>6I>DCD;I=::;;:8I>K:I6MG6I:>H6H;DAADLH









"- "*/$"
 :9:G6A>C8DB:I6M6IHI6IJIDGNG6I:



 DG:>;;:G:CI>6AH



/-HI6I:I6M:H



(DC9:9J8I>7A:8DBE:CH6I>DC:ME:CH:



M8:HHI6M7:C:;>IH;GDBHID8@76H:98DBE:CH6I>DC



.6MDCJCG:B>II:9;DG:>CGB:CID;AA6C9DI=:G6HH:IH
<6>CDC9>HEDH6AD;6HH:IH
S
S

*:GB6C:CI6C9DI=:G



;;:8I>K:I6MG6I:



.=:I6M:;;:8IHD;I:BEDG6GN9>;;:G:C8:HI=6I<>K:G>H:IDH>;>86CIEDGI>DCHD;I=:9:;:GG:9>C8DB:I6M6HH:IH6C9
9:;:GG:9>C8DB:I6MA>67>A>I>:H6HD; :7GJ6GN
6C9$6CJ6GN
6G:EG:H:CI:97:ADL
1.>A->E




-:A->E




*/%+0.*!.
:;:GG:9>C8DB:I6M6HH:IH
(:IDE:G6I>C:H


 


88GJ:97DCJH:H


 


/CG:9::B:9<>;I86G9A>67>A>IN


 


(DC8JGG:CIA:6H:A>67>A>I>:H


 


,:H:6G8=6C9:ME:G>B:CI6A:ME:C9>IJG:H


 


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


 


)I=:G


 


:;:GG:9>C8DB:I6M6HH:IH


 


06AJ6I>DC6AADL6C8:


 


:;:GG:9>C8DB:I6M6HH:IH
C:ID;K6AJ6I>DC6AADL6C8:


 


:;:GG:9>C8DB:I6MA>67>A>I>:H
*GDE:GIN6C9:FJ>EB:CI
C:I


 


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


 


/CG:B>II:9;DG:>CC8DB:I6MA>67>A>I>:H


 


(:I9:;:GG:9>C8DB:I6MA>67>A>I>:H


 


6A6C8:H=::I8A6HH>;>86I>DC
:;:GG:9>C8DB:I6M6HH:IH


 


:;:GG:9>C8DB:I6MA>67>A>I>:H


 


(:I9:;:GG:9>C8DB:I6MA>67>A>I>:H


 


HD; :7GJ6GN

I=:DBE6CN=69C:IDE:G6I>CAA>DC.=:B6?DG>IND;I=:C:I
DE:G6I>CG:
>;JCJH:9
7:IL::C;>H86A6C9;>H86A
.=:G:L6H6B>AA>DCC:I>C8G:6H:>CI=:K6AJ6I>DC6AADL6C8:>C
8DBE6G:9ID6B>AA>DCC:I>C8G:6H:>C

6C96B>AA>DCC:I9:8G:6H:>C


.=:DBE6CN;>A:H>C8DB:I6MG:IJGCH>CI=:/-
6C696
6C9K6G>DJH;DG:>H9>8I>DCH.=:ID
I6MN:6GHG:B6>CHJ7?:8IID:M6B>C6I>DC7NI=:/-;:9:G6A6C9HI6I:I6M6JI=DG>I>:H.=:IDI6MN:6GHG:B6>C
HJ7?:8IID:M6B>C6I>DC7N6C69>6CI6M6JI=DG>I>:H.=:IDI6MN:6GHG:B6>CHJ7?:8IID:M6B>C6I>DC7NI=:=>C6
'6>CA6C9I6M6JI=DG>I>:H.=:IDI6MN:6GHG:B6>CHJ7?:8IID:M6B>C6I>DC7NI6M6JI=DG>I>:H>C8:GI6>CDI=:G;DG:>H9>8I>DCH.=:DBE6CN9D:HCDI=6K:6CNH>;>86CIJCG:8DO:9I6M7:C:;>IH6G>H>C<;GDBJC8:GI6>CI6MEDH>I>DCHI6@:C

DG:ME:8I:9ID7:I6@:C
>CI=:DBE6CNHI6MG:IJGCH
 ;@1
->:5:3?"1>%4->1
.=:9:I6>AHD;I=:8DBEJI6I>DCD;76H>86C99>AJI:9:6GC>CC8DB:



 


 


6H>8L:><=I:96K:G6<:CJB7:GD;H=6G:HDJIHI6C9>C<


 

 


HHJB:98DCK:GH>DCD;9>AJI>K:HID8@DEI>DCH6C96L6G9H

 
 

>AJI:9L:><=I:96K:G6<:CJB7:GD;H=6G:HDJIHI6C9>C<


 

 


6H>8:6GC>CAJI:9:6GC>CDCD;L:><=I:96K:G6<:H=6G:H>C8AJ9:HI=:8DBBDCHID8@D;I=:DBE6CN6HL:AA6HI=:
:M8=6C<:67A:H=6G:HM8=6C<:67A:H=6G:H6G:I=::8DCDB>8:FJ>K6A:CID;8DBBDCH=6G:H>C6AAB6I:G>6AG:HE:8IHAA8A6HH:H
D;HID8@=6K:>C:;;:8II=:H6B::8DCDB>8G><=IH6C9H=6G::FJ6AAN>CJC9>HIG>7JI:9C:I>C8DB: DG

6C9

I=DJH6C9
I=DJH6C9
6C9I=DJH6C9 HID8@DEI>DCH6C96L6G9H
G:HE:8I>K:AN
L:G:6CI>9>AJI>K:ID:6GC>CDCD;9>AJI:9:6GC>CG:8IDGH6EEGDK:96HID8@G:EJG8=6H:EGDAA>DCD;
I=:DBE6CNH8DBBDCH=6G:H)C:8:B7:G

>I6EEGDK:96C>C8G:6H:>CI=:G:B6>C>C<6JI=DG>O6I>DC;GDB
B>AA>DCIDB>AA>DC
6C9DC)8ID7:G

>I6EEGDK:96C>C8G:6H:>CI=:G:B6>C>C<6JI=DG>O6I>DC;GDB
B>AA>DCIDB>AA>DCJG>CGHIFJ6GI:GD;
I=:DBE6CN8DBEA:I:9I=:G:B6>C>CHEGDG:8IDGH6EEGDK:96HID8@G:EJG8=6H:EGDAA>DCD;I=:
DBE6CNH8DBBDCH=6G:HDCI=:DE:CB6G@:IDG>CEG>K6I:ANC:6I:9IG6CH68I>DCHJG>CGHIFJ6GI:GD;
I=:
DBE6CN8DBEA:I:9I=:G:B6>C>CHEGDG:8IDGH6EEGDK:96HID8@G:EJG8=6H:EGDAA>DCD;
I=:DBE6CNH8DBBDCH=6G:HDCI=:DE:CB6G@:IDG>CEG>K6I:ANC:6I:9IG6CH68I>DCH)C:68=D;'6N
6C9
:8:B7:G

I=:DBE6CNH7D6G9D;9>G:8IDGH6EEGDK:96C699>I>DC6A>C8G:6H:D;7>AA>DCIDI=::M>HI>CB:A>B>I6C99D:HCDIG:FJ>G:I=:G:EJG8=6H:D;6B>C>BJBCJB7:GD;
H=6G:HDBBDCH=6G:HG:EJG8=6H:9DCI=:DE:CB6G@:I6G:6IEG:K6>A>C8:H
>C8AJ9>CC<
L>I=I=:EGDK>H>DCHD;,JA:76C9,JA:7D;I=:-:8JG>I>:HM8=6C<:8ID;.=:I>B>C<6C968IJ6ACJB7:GD;
8DBBDCH=6G:HID7:G:EJG8=6H:9L>AA9:E:C9JEDCB6G@:I8DC9>I>DCH
:A><>7>A>INIDIG69:
6C9DI=:G;68IDGH
>C688DG96C8:
L>I=-:8JG>I>:H6C9M8=6C<:DBB>HH>DCG:FJ>G:B:CIH.=:6JI=DG>O:9K6AJ:D;H=6G:H6K6>A67A:ID7:G:EJG8=6H:9JC9:G
I=>HEGDHH>DCH6C9:M8>H:I6M:H6C96HD; :7GJ6GN

I=:G:B6>C>C<6JI=DG>O:9K6AJ:
L6H7>AA>DC
JG>C<

6C9
B>AA>DC
B>AA>DC
6C9B>AA>DCH=6G:H
G:HE:8I>K:AN
L:G:G:EJG8=6H:9JC9:GI=:
EGDC8AJ9>C<8DBB>HH>DCH6C9:M8>H:I6M:HD;7>AA>DC
B>AA>DC
6C9B>AA>DC

G:HE:8I>K:AN
-J7H:FJ:CIID :7GJ6GN

6C9JEID'6G8=

B>AA>DCH=6G:HL:G:G:EJG8=6H:96I6IDI6A8DHI>C8AJ9>C<
8DBB>HH>DCH6C9:M8>H:I6M:HD;B>AA>DC
 ;@1
	;995@91:@?-:0;:@5:31:/51?
9773>7/8>=
"."..=:DBE6CN=6HD7A><6I>DCHJC9:GDE:G6I>CIHHIDG:6C9DI=:GG:I6>AAD86I>DCH
9>HIG>7JI>DC8:CI:GH

D;;>8:H
6C9:FJ>EB:CI*A:6H:G:;:GID(DI:&:6H:H;DG;JGI=:G9:I6>AHG:<6G9>CIB:CIH6C9I=:I>B>CC>BJBA:6H:E6NB:CIH


& "*."*!.0,,(4--*$")"*/..=:DBE6CN=6H:CI:G:9>CIDA>8:CH:6C9HJEEAN6GG6C<:B:CIHL>I=E6GIC:GHL=>8=
<=IIDDE:G6I:AJAJA:BDC7G6C9:9G:I6>AAD86I>DCH6C9H:AAAJAJA:BDCEGD9J8IHDCL:7H>I:H>CHE:8>;>8
8DJCIG>:H/C9:GI=:H:6GG6C<:B:CIH
I=:DBE6CNHJEEA>:HI=:E6GIC:GHL>I=AJAJA:BDCEGD9J8IH
IG6>C>C<
6C9DI=:G
HJEEDGIHD; :7GJ6GN

I=:G:L:G:A>8:CH:9AD86I>DCH
>C8AJ9>CCI=:/C>I:9G67B>G6I:H
:><=I>C-6J9>
G67>6
H:K:C>C#HG6:A
;DJG>C+6I6G
;DJG>C%JL6>I
6C9DC:>C6=G6>C)C-:EI:B7:G

L:68FJ>G:9I=:AJAJA:BDC
7G6C9:9G:I6>AAD86I>DCH6C9DE:G6I>DCHGJC7N6I=>G9E6GIN>C':M>8D1:=69EG:K>DJHANG9E6GINI=:G><=IID
DE:G6I:G:I6>AAD86I>DCH6C9IDH:AAAJAJA:BDCEGD9J8IH>C':M>8D*A:6H:G:;:GID(DI:8FJ>H>I>DC;DG;JGI=:G>C;DGB6I>DC
98>381/8-3/=
"$(,-+ ""!&*$.#C699>I>DCIDI=:A:<6AEGD8::9>C7:97:ADL
I=:DBE6CN>H
;GDBI>B:IDI>B:
>CKDAK:9>C
GDJI>C:A:<6AB6II:GH
6C96J9>IH6C9>CHE:8I>DCH7N:H6C9DI=:GI=>G9E6GI>:HL=>8=6G:>C8>9:CI6AIDI=:
8DC9J8ID;>IH7JH>C:HH.=>H>C8AJ9:HA:<6AB6II:GHHJ8=6H>C>I>6I>DC6C99:;:CH:D;EGD8::9>CCI:AA:8IJ6A
EGDE:GING><=IH
:BEADNB:CI8A6>BH
EGD9J8IA>67>A>IN8A6>BH
E:GHDC6A>C?JGN8A6>BH
6C9H>B>A6GB6II:GH.=:DBE6CN
7:A>:K:HI=:JAI>B6I:G:HDAJI>DCD;6CNHJ8=A:<6AEGD8::9>CIH
6C9>CHE:8I>DCHL>AACDI=6K:6B6I:G>6A69K:GH::;;:8I
DC>IH8DCHDA>96I:976A6C8:H=::IH
G:HJAIHD;DE:G6I>DCHDG86H=;ADLH.=:DBE6CN=6HG:8DO:9>BB6I:G>6AEGDK>H>DCH
G:A6I:9IDI=::ME:8I:9DJI8DB:D;A:<6AEGD8::9>CIHHJ7H>9>6GN
AJAJA:BDCJH6>C8
L:G:C6B:96H9:;:C96CIH>C6EJI6I>K:8DCHJB:G
8A6HH68I>DC4*&10(0(")+*
/%("/& * "/((D8K>CI=:/C>I:9-I6I:H>HIG>8IDJGI;DGI=:
-DJI=:GC>HIG>8ID; ADG>96)C-:EI:B7:G

EA6>CI>;;H;>A:96C6B:C9:98DBEA6>CI
6HH:GI>C<8A6>BHJC9:GI=: ADG>96
:8:EI>K:6C9/C;6>G.G69:*G68I>8:H8I
(:L3DG@!:C:G6AJH>C:HH&6L
6A>;DGC>6DCHJB:G&:<6A,:B:9>:H8I
6A>;DGC>6
/C;6>GDBE:I>I>DC&6L
6C9;DGJC?JHI:CG>8=B:CI76H:9DCHI6I:B:CIH7NI=:DBE6CNG:A6I>CC67>A>IN6C9
:CK>GDCB:CI6A>BE68ID;I=:DBE6CNHEGD9J8IH6C968I>DCH9JG>CD9)8ID7:G
IDEG:H:CI.=:6B:C9:9
8DBEA6>CIH::@HBDC:I6GN96B6<:H
6HL:AA6HCDCBDC:I6GNG:A>:;HJ8=6H6C>C?JC8I>DCID:C9I=:6AA:<:9JCA6L;JA
EG68I>8:HAJAJA:BDCBDK:9ID9>HB>HHI=:6B:C9:98DBEA6>CI
6C9DC :7GJ6GN

I=:DJGIDC>C;JAA
9>HB>HH>CDCL>I=DJIEG:?J9>8:6C9L>I=DJIA:6K:ID6B:C9
)CJ86>C86C98:GI6>CD;;>8:GHD;I=:DBE6CNL:G:C6B:96H9:;:C96CIH>C6
EJGEDGI:9H:8JG>I>:H8A6HH68I>DC/"(10(0(")+*
/%("/& * "/(
(D8K>CI=:/C>I:9-I6I:H>HIG>8IDJGI
;DGI=:-DJI=:GC>HIG>8ID;(:L3DG@)C'6G8=

EA6>CI>;;H;>A:96C6B:C9:98DBEA6>CI
6HH:GI>C<8A6>BHJC9:G
-:8I>DCH76C96D;I=:-:8JG>I>:HM8=6C<:8ID;76H:9DC6AA:<:9AN;6AH:6C9B>HA:69>C8HI6I:B:CIH6C9
DB>HH>DCH7N:;:C96CIH9JG>CD9:8:B7:G
ID$JAN
G:A6I>CC:HH
EGD9J8I
D;;:G>CCK:CIDGN6AAD86I>DCI=6IEA6>CI>;;H6AA:<:6GI>;>8>6AAN>C;A6I:9I=:DBE6CNTHHID8@EG>8:.=:6B:C9:98DBEA6>CI
8JGG:CIANH::@HJCHE:8>;>:9BDC:I6GN96B6<:H.=:DBE6CN>CI:C9HID9:;:C9I=:68I>DCK>K6I>K:8DBEA6>CIHL:G:;>A:96<6>CHI8:GI6>CD;I=:DBE6CNHD;;>8:GH
6C96AAD;I=:DBE6CNH9>G:8IDGH6HD;
I=6I96I:>CI=:/C>I:9-I6I:HDJGI;DGI=:-DJI=:GC>HIG>8ID;(:L3DG@%1.-1 
+*(!"/(
(D8KI=:
%1.-8I>DC0.54*.'&1 
+*(!"/(
(D8KI=:0.54*.'&8I>DC+(/51 
+*(!"/(
(D
8KI=:+(/58I>DC+*$1 
+*(!"/(
(D8KI=:+*$8I>DC6C9*(41 
+*(!
"/(
(D8KI=:*(48I>DC
6C98DAA:8I>K:ANL>I=I=:%1.-8I>DC
I=:0.54*.'&8I>DC
I=:+(/58I>DC

6C9I=:+*$8I>DC
I=::G>K6I>K:8I>DCH.=:*(48I>DC699>I>DC6AANC6B:H8:GI6>CD;I=:DBE6CNH;DGB:G
9>G:8IDGH.=::G>K6I>K:8I>DCH6HH:GI8A6>BH;DG6K>DA6I>C<-:8I>DCH7
66C96D;I=:M8=6C<:8I
77G:68=
D;;>9J8>6GN9JI>:H
6C98JC?JHI:CG>8=B:CI6C9L6HI:D;8DGEDG6I:6HH:IHDC6AA:<6I>DCHHJ7HI6CI>6AANH>B>A6GIDI=:
6AA:<6I>DCH>CI=:H:8JG>I>:H68I>DC8DBEA6>CI.=:%1.-8I>DC;JGI=:G6HH:GIH8A6>BH;DG67JH:D;8DCIGDA
HB6C6<:B:CI
6C98DCIG>7JI>DCJC9:G-:8I>DCH76C9D;I=:M8=6C<:8I.=:+*$8I>DC6AHD6HH:GIH68A6>B
;DG8DCIG>7JI>DCJC9:G-:8I>DCH76C9D;I=:M8=6C<:8I.=:*(48I>DC6AHD6HH:GIH8A6>BH;DGHB6C6<:B:CI6C96>9>C<6C967:II>C<7G:68=D;;>9J8>6GN9JIN.=:+*$8I>DC6C9I=:*(48I>DC;JGI=:G7G>C<
8A6>BH76H:9DC6AA:<:9AN;6AH:6C9B>HA:69>C8HI6I:B:CIH6C9DB>HH>DCH9JG>CD9)8ID7:G
ID'6G8=

G:A6I>CCIHH::@BDC:I6GN96B6<:H
:FJ>I67A:G:A>:;
6C96IIDGC:NH;::H
6C98DHIHDC7:=6A;D;I=:DBE6CN
6HL:AA6H6CDG9:G9>G:8I>C<8:GI6>C9-@5;:









*/%+0.*!.
6H=E6>9;DG>C8DB:I6M:H


 

 


6H=E6>9;DG6BDJCIH>C8AJ9:9>CI=:B:6HJG:B:CID;A:6H:A>67>A>I>:H


 

 


&:6H:96HH:IHD7I6>C:9>C:M8=6C<:;DGC:LDE:G6I>C67>A>I>:H


 

 


#CI:G:HIE6>9

 
 

 ;@1
%1391:@10:2;>9-@5;:
.=:DBE6CNHH:C6C8>6A>C;DGB6I>DCI=:)'
L=D>HI=:=>:;M:8JI>K:);;>8:G
JH:HID
:K6AJ6I:E:G;DGB6C8:6C96AAD86I:G:HDJG8:H.=:)'6EEGDK:HI=:6CCJ6A7J9<:IDC6H:C<@:N;>C6C8>6AB:IG>8H
>C8AJ9>CC8DB:;GDBDE:G6I>DCH
.=:DBE6CNG:EDGIHI=G::H:86H
=>C6'6>CA6C9
6C9,:HID;1DGA9
L=>8=>H8DBEG>H:9D;>IHCDC
H>;>86CIDE:G6I>CC:976H>H.=:DBE6CN9D:HCDIG:EDGI86E>I6A
:ME:C9>IJG:H6C96HH:IH7NH:C;DGB6I>DC>HCDIG:K>:L:97NI=:)'



91>5/-?
45:-
-5:8-:0
$1?@;2
);>80
&;@-8
%1391:@?
;><;>-@1	
&;@-8
*/%+0.*!.
(:IG:K:CJ:
 

  

  

 

 
S 


*GD9J8I8DHIH



 

 

 


 
S 



)I=:G8DHID;H6A:H


 

 

 


 

 



-:AA>C<
<:C:G6A6C969B>C>HIG6I>K::ME:CH:H



 

 

 


 


 



BDGI>O6I>DCD;>CI6C<>7A:6HH:IH

S 
S 
S 
S 

 


#C8DB:;GDBDE:G6I>DCH
 

 

 

  

  

  


)I=:G>C8DB::ME:CH:
C:I



#C8DB:7:;DG:>C8DB:I6M:ME:CH:
 


-JEEA:B:CI6A>C;DGB6I>DC
:EG:8>6I>DC6C96BDGI>O6I>DC


 

 

 

 

 





91>5/-?
45:-
-5:8-:0
$1?@;2
);>80
&;@-8
%1391:@?
;><;>-@1	
&;@-8
*/%+0.*!.
(:IG:K:CJ:
 

 

  

  

 
S  


*GD9J8I8DHIH



 

 

 


 

 



)I=:G8DHID;H6A:H


 

 

 

 

 



-:AA>C<
<:C:G6A6C969B>C>HIG6I>K::ME:CH:H



 

 

 


 

 



#BE6>GB:CID;6HH:IH6C9G:HIGJ8IJG>C<8DHIH

S 
S 
S 
S 

 


BDGI>O6I>DCD;>CI6C<>7A:6HH:IH

S 
S 
S 
S 

 


#C8DB:;GDBDE:G6I>DCH
 

 

 

  

  

  


)I=:G>C8DB::ME:CH:
C:I



#C8DB:7:;DG:>C8DB:I6M:ME:CH:
 


-JEEA:B:CI6A>C;DGB6I>DC
:EG:8>6I>DC6C96BDGI>O6I>DC


 

 

 

 

 







91>5/-?
45:-
-5:8-:0
$1?@;2
);>80
&;@-8
%1391:@?
;><;>-@1	
&;@-8
*/%+0.*!.
(:IG:K:CJ:
 

 

 

  

 
S  


*GD9J8I8DHIH



 

 

 


 

 



)I=:G8DHID;H6A:H


 

 

 

 

 


-:AA>C<
<:C:G6A6C969B>C>HIG6I>K::ME:CH:H



 

 

 


 

 



#BE6>GB:CID;AA6C9DI=:G6HH:IH

S 
S 
S 
S 

 


BDGI>O6I>DCD;>CI6C<>7A:6HH:IH

S 
S 
S 
S 

 


!6>CDC9>HEDH6AD;6HH:IH

S 
S 
S 
S 

 


#C8DB:;GDBDE:G6I>DCH
 

 

 

  

  

  


)I=:G>C8DB::ME:CH:
C:I



#C8DB:7:;DG:>C8DB:I6M:ME:CH:
 


-JEEA:B:CI6A>C;DGB6I>DC
:EG:8>6I>DC6C96BDGI>O6I>DC


 

 

 

 

 


5555555555

DGEDG6I:>C8AJ9:H8:CIG6AANB6C6<:9HJEEDGI;JC8I>DCH>C8AJ9>C6A9:K:ADEB:CI
EGD9J8I>CCDK6I>DC
HDJG8>C<
HJEEAN
8=6>C
6C9H>C8=6G:>C8AJ9:9>CDI=:G8DHID;H6A:H9B>C>HIG6I>K:8DGEDG6I::ME:CH:H>C8AJ9:I:8=CDADC<
;>C6C8:
=JB6CG:HDJG8:H
A:<6A
6C9DI=:G=:69D;;>8:8DHIH C>CK:CIDGND7HDA:H8:C8:EGDK>H>DC>CG:A6I>DCIDAJAJA:BDC-IJ9>DD;
B>AA>DC6C9B>AA>DC>C6C9
G:HE:8I>K:AN
>H>C8AJ9:9L>I=>CEGD9J8I8DHIH

*A:6H:G:;:GID(DI:-JBB6GND;->;>86CI88DJCI>C<*DA>8>:HDHID;C>I>DCD;EGD9J8I8DHIH6C9DI=:G8DHID;H6A:H

.=:6BDJCIHD;9:EG:8>6I>DC6C96BDGI>O6I>DC9>H8ADH:97NG:EDGI67A:H:C8AJ9:9L>I=>CDI=:G8DHID;H6A:H6C9H:AA>C<
<:C:G6A6C9
69B>C>HIG6I>K::ME:CH:H
&DC<A>K:96HH:IH
>C8AJ9>CEB:CI
C:I6C9G><=ID;JH:A:6H:6HH:IH
7N<:D86G:66HD;
 :7GJ6GN
6C9$6CJ6GN
L:G:6H;DAADLH
1.>A->E




-:A->E




*/%+0.*!.
/C>I:9-I6I:H



 



6C696


 


*:DEA:H,:EJ7A>8D;=>C6


 


)I=:G<:D86G:6H


 





 





 ;@1
5?-33>13-@10 1@$1B1:A1
#C699>I>DCIDI=:9>H6<DCD;C:IG:K:CJ:7NG:EDGI67A:H:C(DI:-:DC
I=:
;DAADL>CH6<86G:6
*G>DGIDI=:68FJ>H>I>DCD;I=:':M>8DDE:G6I>DCHDC-:EI:B7:G

L=DA:H6A:H6A:HIDI=:I=>G9E6GINJC9:GI=:
A>8:CH:6C9HJEEAN6GG6C<:B:CI7NAJAJA:BDC6I=A:I>8686C696>C8L:G:9>H8ADH:96HC:IG:K:CJ:G:8DO:9L>I=>C6C696









*/%+0.*!.
/C>I:9-I6I:H



 


 



6C696



 


 



':M>8D


 
S 
S
B:G>86H



 


 



=>C6'6>CA6C9



 

 


"DC<%DC<-,
.6>L6C
6C9'686J-,


 

 


*:DEA:H,:EJ7A>8D;=>C6



 


 


)I=:G<:D86G:6H



 

 


 

 


 



.=:;DAADL>CH6<:H>HEG>B6G>AN8DBEDH:9D;
688:HHDG>:H
;DDIL:6G
6C9AJAJA:BDC-IJ9>D









*/%+0.*!.
1DB:CHEGD9J8I



 


 



':CHEGD9J8I



 


 



)I=:G86I::H



 


 


 

 


 



.=:;DAADL>CH6<1;:@>;8?-:0">;/10A>1?
/C9:GI=:HJE:GK>H>DC6C9L>I=I=:E6GI>8>E6I>DCD;DJGB6C6<:B:CI
>C8AJ9>CC8>E6A:M:8JI>K:D;;>8:G6C9
EG>C8>E6A;>C6C8>6A6C9688DJCI>C8:G
L:8DC9J8I:96C:K6AJ6I>DCD;I=::;;:8I>K:C:HHD;I=:9:H>DCD;DJG
9>H8ADHJG:8DCIGDAH6C9EGD8:9JG:H
6H9:;>C:9>C,JA:H6:6C99:JC9:GI=:-:8JG>I>:HM8=6C<:8ID;
6H
6B:C9:9
DGI=:M8=6C<:8I
6HD;I=::C9D;I=:E:G>D98DK:G:97NI=>HG:EDGI
DGI=:K6AJ6I>DC6I:6H:9JEDCI=:
:K6AJ6I>DC
DJGEG>C8>E6A:M:8JI>K:D;;>8:G6C9EG>C8>E6A;>C6C8>6A6C9688DJCI>C8:G8DC8AJ9:9I=6IDJG9>H8ADHJG:8DCIGDAH
6C9EGD8:9JG:HL:G::;;:8I>K:6HD;I=:K6AJ6I>DC6I:>H8ADHJG:8DCIGDAH6C9EGD8:9JG:H6G:8DCIGDAH6C9EGD8:9JG:H
9:H>C;DGB6I>DCG:FJ>G:9ID7:9>H8ADH:9>CDJGG:EDGIH;>A:9JC9:GI=:M8=6C<:8I
HJ8=6H
I=>HG:EDGI
>HG:8DG9:9
EGD8:HH:9
HJBB6G>O:9
6C9G:EDGI:9L>I=>CI=:I>B:E:G>D9HHE:8>;>:9>CI=:-HGJA:H6C9;DGBH
>H8ADHJG:8DCIGDAH6C9EGD8:9JG:H>C8AJ9:8DCIGDAH6C9EGD8:9JG:H9:H>C;DGB6I>DC>H
688JBJA6I:96C98DBBJC>86I:9IDDJGB6C6<:B:CI
>C8AJ9>CC8>E6A:M:8JI>K:D;;>8:G6C9EG>C8>E6A;>C6C8>6A6C9
688DJCI>C8:G
6H6EEGDEG>6I:ID6AADLI>B:AN9:8>H>DCHG:<6G9>CG:99>H8ADHJG:


:41>1:@595@-@5;:?;B1>:@1>:-8;:@>;8?
)JG>CI:GC6A8DCIGDADK:G;>C6C8>6AG:EDGI>C<>H9:H>9:G:6HDC67A:6HHJG6C8:HG:<6G9>C67>A>IND;
;>C6C8>6AG:EDGI>C<6C9I=:EG:E6G6I>DCD;;>C6C8>6AHI6I:B:CIH;DG:MI:GC6AEJGEDH:H>C688DG96C8:L>I=<:C:G6AAN688:EI:9
688DJCI>CC8>EA:H)JG>CI:GC6A8DCIGDADK:G;>C6C8>6AG:EDGI>C<>C8AJ9:HI=DH:EDA>8>:H6C9EGD8:9JG:HI=6I>E:GI6>CID
I=:B6>CI:C6C8:D;G:8DG9HI=6I
>CG:6HDC67A:9:I6>A
688JG6I:AN6C9;6>GANG:;A:8II=:IG6CH68I>DCH6C99>HEDH>I>DCHD;DJG
6HH:IH>>EGDK>9:G:6HDC67A:6HHJG6C8:I=6IIG6CH68I>DCH6G:G:8DG9:96HC:8:HH6GNIDE:GB>IEG:E6G6I>DCD;;>C6C8>6A
HI6I:B:CIH>C688DG96C8:L>I=<:C:G6AAN688:EI:9688DJCI>CC8>EA:H
6C9I=6IDJGG:8:>EIH6C9:ME:C9>IJG:H6G:7:>C<
B69:DCAN>C688DG96C8:L>I=6JI=DG>O6I>DCHD;DJGB6C6<:B:CI6C99>G:8IDGH6C9>>>EGDK>9:G:6HDC67A:6HHJG6C8:
G:<6G9>CDCDGI>B:AN9:I:8I>DCD;JC6JI=DG>O:968FJ>H>I>DC
JH:
DG9>HEDH>I>DCD;DJG6HH:IHI=6I8DJA9=6K:6
B6I:G>6A:;;:8IDCI=:;>C6C8>6AHI6I:B:CIH'6C6<:B:CI
>C8AJ9>CC8>E6A:M:8JI>K:D;;>8:G6C9EG>C8>E6A;>C6C8>6A6C9
688DJCI>C8:G
9D:HCDI:ME:8II=6IDJG>CI:GC6A8DCIGDAHL>AAEG:K:CIDG9:I:8I6AA:GGDGH6C96AA;G6J98DCIGDAHNHI:B

CDB6II:G=DLL:AA9:H>9:DCANG:6HDC67A:
CDI67HDAJI:
6HHJG6C8:I=6II=:D7?:8I>K:HD;I=:
8DCIGDAHNHI:B6G:B:I JGI=:G
I=:9:H>B>I6I>DCHDC6AA
8DCIGDAHNHI:BHCD:K6AJ6I>DCD;>CI:GC6A8DCIGDAH86CEGDK>9:67HDAJI:6HHJG6C8:I=6I6AA8DCIGDA>HHJ:H6C9>CHI6C8:HD;
;G6J9
>;6CN
=6K:7::C9:I:8I:9AHD
6CN:K6AJ6I>DCD;I=::;;:8I>K:C:HHD;8DCIGDAH>C;JIJG:E:G>D9H6G:HJ7?:8IIDI=:G>H@
I=6II=DH:>CI:GC6A8DCIGDAHB6N7:8DB:>C69:FJ6I:7:86JH:D;8=6C<:H>C7JH>C:HH8DC9>I>DCH
DGI=6II=:9:6C8:L>I=I=:EDA>8>:H6C9EGD8:9JG:HB6N9:I:G>DG6I:
-:-3191:@?::A-8$1<;>@;::@1>:-8;:@>;8;B1>5:-:/5-8$1<;>@5:3
'6C6<:B:CI>HG:HEDCH>7A:;DG:HI67A>H=>C<6C9B6>CI6>C>C<69:FJ6I:>CI:GC6A8DCIGDADK:G;>C6C8>6AG:EDGI>C<6H
9:;>C:9>C,JA:6;JC9:GI=:-:8JG>I>:HM8=6C<:8ID;
6H6B:C9:9'6C6<:B:CI8DC9J8I:96C:K6AJ6I>DCD;
I=::;;:8I>K:C:HHD;DJG>CI:GC6A8DCIGDADK:G;>C6C8>6AG:EDGI>C<76H:9DCI=:8G>I:G>6H:I;DGI=>C#CI:GC6ADCIGDAS#CI:HHJ:97NI=:DBB>II::D;-EDCHDG>C<)G<6C>O6I>DCHD;I=:.G:69L6NDBB>HH>DC
DG)-)6H:9DCI=>H
:K6AJ6I>DC
B6C6<:B:CI8DC8AJ9:9I=6IL:B6>CI6>C:9:;;:8I>K:>CI:GC6A8DCIGDADK:G;>C6C8>6AG:EDGI>C<6HD; :7GJ6GN


.=::;;:8I>K:C:HHD;DJG>CI:GC6A8DCIGDADK:G;>C6C8>6AG:EDGI>C<6HD; :7GJ6GN
=6H7::C6J9>I:97N
*G>8:L6I:G=DJH:DDE:GH&&*
DJG>C9:E:C9:CIG:<>HI:G:9EJ7A>8688DJCI>C<;>GB
6HHI6I:9>CI=:>GG:EDGI
L=>8=6EE:6GH>C
#I:BD;*6GI##D;I=>H DGB%
4-:31?5::@1>:-8;:@>;8;B1>5:-:/5-8$1<;>@5:3
.=:G:L:G:CD8=6C<:H>CDJG>CI:GC6A8DCIGDADK:G;>C6C8>6AG:EDGI>C<9JG>C6AAN6;;:8I:9
DG6G:G:6HDC67ANA>@:ANIDB6I:G>6AAN6;;:8I
DJG>CI:GC6A8DCIGDADK:G;>C6C8>6AG:EDGI>C<
% %# #% 
&>-05:3>>-:3191:@?
JG>CG:8IDGDGD;;>8:GD;AJAJA:BDC6H9:;>C:9>C,JA:6;JC9:GI=:M8=6C<:
8I69DEI:9DGI:GB>C6I:96,JA:7IG69>C<6GG6C<:B:CIDGCDC,JA:7IG69>C<6GG6C<:B:CI>C:68=86H:
6H
9:;>C:9>C#I:B6D;,:DC-%
1<->@A>1;25>1/@;>
)C'6G8=

'>8=6:A6H:NCDI>;>:9JHD;=>HG:H>DC6H69>G:8IDGD;AJAJA:BDC6C9;GDB6AA8DBB>II::HD;
DJG7D6G9D;9>G:8IDGH
:;;:8I>K:$JC:
'G6H:NH9:8>H>DCIDG:H>HCDII=:G:HJAID;6CN9>H6I=JH
%$ $&### #&#$% $%%!#'%$!% $
(DI6EEA>867A:


"$&
%	#% #$)&%' #$ #! #% '#
1:=6K:69DEI:96C>CH>9:GIG69>C8N
L=>8=HEDH>I>DCHD;AJAJA:BDC
H:8JG>I>:H7NDJG7D6G9D;9>G:8IDGH
D;;>8:GH
6C9DI=:G:BEADN::HD;AJAJA:BDCDGDJGHJ7H>9>6G>:H
6HL:AA6HB:B7:GHD;
I=:>G>BB:9>6I:;6B>A>:H6C9=DJH:=DA9H#I6AHD6EEA>:HID8DCHJAI6CIHDG8DCIG68IDGHL=DEGDK>9:H:GK>8:HIDAJAJA:BDC1:
6AHD;DAADL9:A>C:H;DGDJGHID8@G:EJG8=6H:EGD:K:I=6IDJG>CH>9:GIG69>C8N>HG:6HDC67AN9:H>6C8:L>I=>CH>9:GIG69>CDCH
6C9A>HI>C867A:IDAJAJA:BDC.=:
;DG:CEI>DCD;DJG>CH>9:GIG69>C8N6C9>HFJ6A>;>:9>C>IH:CI>G:IN
7NG:;:G:C8:IDI=:;JAAI:MID;I=:AJAJA:BDC#CH>9:G.G69>C<*DA>8N
68DEND;L=>8=>H;>A:96HM=>7>IIDI=>HCCJ6A
,:EDGIDC DGB%
.=:G:B6>C>C<>C;DGB6I>DCG:FJ>G:97NI=>H>I:B8DC8:GC>CG:8IDGH
9>G:8IDGCDB>C::H6C9-:8I>DC7:C:;>8>6A
DLC:GH=>EG:EDGI>C<8DBEA>6C8:>H>C8DGEDG6I:97NG:;:G:C8:IDDJG9:;>C>I>K:*GDMN-I6I:B:CI;DGDJGCCJ6A'::I>C<
D;-ID8@=DA9:GHJC9:GI=:86EI>DCHA:8I>DCD;>G:8IDGH
M:8JI>K:);;>8:GH
6C9DGEDG6I:!DK:GC6C8:
6C9
IDI=:
:MI:CIC:8:HH6GN
JC9:GI=:86EI>DC:A>CFJ:CI-:8I>DC6,:EDGIH
1:=6K:69DEI:96LG>II:C8D9:D;7JH>C:HH8DC9J8I6C9:I=>8H
L=>8=6EEA>:HID6AAD;DJG9>G:8IDGH
D;;>8:GH
6C9
:BEADN::H
>C8AJ9>CC8>E6A:M:8JI>K:D;;>8:G6C9DJGEG>C8>E6A;>C6C8>6A6C9688DJCI>C8:G)JG!AD76AD9:D;
JH>C:HHDC9J8I6C9I=>8H>H6K6>A67A:DCDJGL:7H>I:
LLLAJAJA:BDC8DB
6C986C7:D7I6>C:97NLG>I>CDCH
AJAJA:BDC6I=A:I>86>C8
DGCL6AAK:CJ:
06C8DJK:G
G>I>H=DAJB7>6
6C6960$DG7NH:C9>C<6C
:B6>AID>CK:HIDGHAJAJA:BDC8DB#C;DGB6I>DC8DCI6>C:9DCDG688:HH>7A:I=GDJ<=DJGL:7H>I:H>HCDI>C8DGEDG6I:9>CID
6C9
9D:HCDI;DGB6E6GID;
I=>H6CCJ6AG:EDGIDG6CNDI=:GG:EDGIDG9D8JB:CIL:;>A:L>I=I=:-
6C96CNG:;:G:C8:HIDDJG
L:7H>I:H6G:>CI:C9:9ID7:>C68I>K:I:MIJ6AG:;:G:C8:HDCANCN6B:C9B:CIH
DI=:GI=6CI:8=C>86A
69B>C>HIG6I>K:
DGDI=:G
CDCHJ7HI6CI>K:6B:C9B:CIH
IDDJG!AD76AD9:D;JH>C:HHDC9J8I6C9I=>8HDGL6>K:GH;GDBI=:EGDK>H>DCHD;I=:!AD76A
D9:D;JH>C:HHDC9J8I6C9I=>8H;DGDJGEG>C8>E6A:M:8JI>K:D;;>8:G6C9DJGEG>C8>E6A;>C6C8>6A6C9688DJCI>C8:GL>AA
7:EGDBEIAN9>H8ADH:9DCDJGL:7H>I:;DAADL>CK:96I:D;HJ8=6B:C9B:CIDGL6>K:G
%		)&%' !$% 
.=:>C;DGB6I>DCG:FJ>G:97NI=>H>I:B>H>C8DGEDG6I:97NG:;:G:C8:IDDJG*GDMN-I6I:B:CIJC9:GI=:86EI>DCH
M:8JI>K:DBE:CH6I>DC6C9M:8JI>K:DBE:CH6I>DC.67A:H
%	
$&#%* (#$! #% (#$%#%$%  #
%%#$
.=:>C;DGB6I>DCG:FJ>G:97NI=>H>I:B>H>C8DGEDG6I:97NG:;:G:C8:IDDJG*GDMN-I6I:B:CIJC9:GI=:86EI>DC
*G>C8>E6A-=6G:=DA9:GH6C9-=6G:)LC:GH=>E7N'6C6<:B:CI
=A5@E;9<1:?-@5;:"8-::2;>9-@5;:-?;21.>A->E



"8-:-@13;>E
 A9.1>;2
%1/A>5@51?@;.1??A10
'<;:D1>/5?1;2
!A@?@-:05:3!<@5;:?
)->>-:@?-:0$534@?	

)1534@10B1>-31
D1>/5?1">5/1;2
!A@?@-:05:3!<@5;:?
)->>-:@?-:0$534@?


 A9.1>;2%1/A>5@51?
$19-5:5:3B-58-.81
2;>A@A>1??A-:/1
':01>=A5@E
;9<1:?-@5;:"8-:?
D/8A05:3%1/A>5@51?
$1281/@105:;8A9:


FJ>IN8DBE:CH6I>DCEA6CH6EEGDK:97NHID8@=DA9:GH



 
 



FJ>IN8DBE:CH6I>DCEA6CHCDI6EEGDK:97NHID8@=DA9:GH

S 
S 
S
.DI6A



 
 



5555555555

.=>H6BDJCIG:EG:H:CIHI=:;DAADL>C<6
H=6G:HHJ7?:8IIDDJIHI6C9>CDCH
7
H=6G:HHJ7?:8IIDDJIHI6C9>C8I:9HID8@JC>IH
6C98
H=6G:HHJ7?:8IIDDJIHI6C9>C8I:9HID8@JC>IH.=:DEI>DCH
E:G;DGB6C8:76H:9G:HIG>8I:9HID8@JC>IH
6C9
G:HIG>8I:9HID8@JC>IH6G:6AAJC9:GDJGFJ>IN#C8:CI>K:*A6C,:HIG>8I:9H=6G:HDJIHI6C9>CIN#C8:CI>K:*A6C=6K:6AG:69N
7::CG:;A:8I:9>CDJGIDI6ADJIHI6C9>C<8DBBDCHID8@76A6C8:



.=:L:><=I:96K:G6<::M:G8>H:EG>8:>H86A8JA6I:9HDA:ANDCI=::M:G8>H:EG>8:HD;I=:DJIHI6C9>CDCH6C99D:HCDIG:;A:8II=:H=6G:HI=6IL>AA7:
>HHJ:9JEDCI=:K:HI>CC<6L6G9HD;E:G;DGB6C8:76H:9G:HIG>8I:9HID8@JC>IH6C9G:HIG>8I:9HID8@JC>IH
L=>8==6K:CD:M:G8>H:EG>8:

.=>H>C8AJ9:H6

H=6G:HD;DJG8DBBDCHID8@6K6>A67A:;DG;JIJG:>HHJ6C8:JC9:GDJGFJ>IN#C8:CI>K:*A6C6C97

H=6G:HD;
DJG8DBBDCHID8@6K6>A67A:;DG;JIJG:>HHJ6C8:JC9:GDJGBEADN::-=6G:*JG8=6H:*A6C.=:CJB7:GD;H=6G:HG:B6>C>C<6K6>A67A:;DG;JIJG:
>HHJ6C8:JC9:GDJGFJ>IN#C8:CI>K:*A6C>HG:9J8:97NH=6G:H;DG:68=6L6G9DI=:GI=6CHID8@DEI>DCHDC6L6G9C<6L6G9HI=6I:ME>G:DG6G:86C8:A:9L>I=DJI=6K>C<7::C:M:G8>H:9DGH:IIA:9>C;JAA6G:6K6>A67A:;DG>HHJ6C8:
6<6>CJC9:GDJGFJ>IN#C8:CI>K:*A6C7JIH=6G:HI=6I6G:L>I==:A9>CH6I>H;68I>DCD;I6ML>I==DA9>C<6I>DCH;DG;JAAK6AJ:6L6G9H6G:CDI6<6>C
6K6>A67A:;DG>HHJ6C8:(D;JGI=:G6L6G9HB6N7:>HHJ:9JC9:GI=:EG:9:8:HHDGEA6C
DJGFJ>IN#C8:CI>K:*A6C
%	#%#% $!$#%%#$% $#% #!
.=:>C;DGB6I>DCG:FJ>G:97NI=>H>I:B>H>C8DGEDG6I:97NG:;:G:C8:IDDJG*GDMN-I6I:B:CIJC9:GI=:86EI>DCH
:GI6>C,:A6I>DCH=>EH6C9,:A6I:9*6GIN.G6CH68I>DCH6C9DGEDG6I:!DK:GC6C8:
%	!#! &%%$$#'$
.=:>C;DGB6I>DCG:FJ>G:97NI=>H>I:B>H>C8DGEDG6I:97NG:;:G:C8:IDDJG*GDMN-I6I:B:CIJC9:GI=:86EI>DC
 ::H;DG*GD;:HH>DC6A-:GK>8:H


"$&(
%	
)%$$%%%$&
6D8JB:CIH;>A:96HE6GID;I=>HG:EDGI
&** &(//")"*/..=:;>C6C8>6AHI6I:B:CIH6HH:I;DGI=JC9:G#I:BD;I=>HCCJ6A,:EDGIDC DGB%6G:
>C8DGEDG6I:9=:G:>C
&** &(//")"*/ %"!0("-:E6G6I:;>C6C8>6AHI6I:B:CIH8=:9JA:H=6K:7::CDB>II:9:>I=:G7:86JH:I=:N6G:CDI
6EEA>867A:DG7:86JH:I=:G:FJ>G:9>C;DGB6I>DC>H>C8AJ9:9>CI=:8DCHDA>96I:9;>C6C8>6AHI6I:B:CIHDGCDI:H9:H8G>7:9>C#I:B
667DK:


3%&&/.
D45.5@:01D

,:HI6I:9:GI>;>86I:D;#C8DGEDG6I>DCD;AJAJA:BDC6I=A:I>86
>C8
%






NA6LHD;AJAJA:BDC6I=A:I>86>C8
%






 DGBD;-E:8>B:C-ID8@:GI>;>86I:D;AJAJA:BDC6I=A:I>86>C8
-






:H8G>EI>DCD;-:8JG>I>:H,:<>HI:G:9/C9:G-:8I>DCD;I=:
-:8JG>I>:HM8=6C<:8ID;
%





	
AJAJA:BDC6I=A:I>86>C8FJ>IN#C8:CI>K:*A6C
%





	
 DGBD;(DC+J6A>;>:9-ID8@)EI>DC8:D;!G6CID;*:G;DGB6C8:-=6G:H6C9
*:G;DGB6C8:-=6G:H8:D;!G6CID;,:HIG>8I:9-ID8@/C>IH6C9
,:HIG>8I:9-ID8@/C>IH8I:9-ID8@L6G9DC
*A6C6C9;DGBD;L6G986>C8
&JAJ6C69>6C"DA9>C<
#C86C9
DBEJI:GH=6G:.GJHIDBE6CND;6C696
+






M8=6C<:67A:-=6G:-JEEDGI86>C8
&JAJA:BDC6AA8D/&6C9
&JAJ6C69>6C"DA9>C<
#C8
+






B:C9:96C9,:HI6I:9:8A6G6I>DCD;.GJHI;DG DG;:>I67A:
M8=6C<:67A:-=6G:H96I:9$JAN

7N6C96BDC:HC6B:9I=:G:>C
+






B:C9:96C9,:HI6I:9GG6C<:B:CI:HC6B:9I=:G:>C
>C8AJ9>C<*A6CD;GG6C<:B:CI6C9M8=6C<:67A:-=6G:
*GDK>H>DCH
-







 DGBD;#C9:BC>;>86I>DC86>C86C9>IH9>G:8IDGH6C98:GI6>CD;;>8:GH
-






	
)JIH>9:>G:8IDGDBE:CH6I>DC*A6C
%





	
M:8JI>K:DCJH*A6C
%





	
AJAJA:BDC6I=A:I>86>C8BEADN::-=6G:*JG8=6H:*A6C
+





	
M:8JI>K:BEADNB:CIK:6HD;:8:B7:G


7:IL::CAJAJA:BDC6I=A:I>8686C696>C86C9:A:HI:
JGK:BEADNB:CIK:
)8ID7:G

7:IL::CAJAJA:BDC6I=A:I>8686C696>C8
6C9:A:HI:JGK:BEADNB:CIK:6HD;J8686C696>C86C96AK>C
'8DC6A9
%





	
M:8JI>K:BEADNB:CIK:6HD;(DK:B7:G


7:IL::CAJAJA:BDC6I=A:I>86>C86C9':<=6C G6C@
+





:/;><;>-@10.E$121>1:/1
D45.5@
 ;
D45.5@&5@81
5810
1>1C5@4
;>9
D45.5@ ;
581 ;
585:3-@1


	
M:8JI>K:BEADNB:CIK:-:EI:B7:G


7:IL::CAJAJA:BDC6I=A:I>86>C86C9(>8DA:(:J7JG<:G
+





	
M:8JI>K:BEADNB:CIK:6HD;$6CJ6GN


7:IL::CAJAJA:BDC6I=A:I>86/%AI96C9C9G:
'6:HIG>C>
%






G:9>I86>C8
AJAJA:BDC6I=A:I>8686C696>C8
&JAJ
6C69>6C"DA9>C<
#C86C9AJAJA:BDCJH6>C8
6H7DGGDL:GH

6C@D;B:G>86
(
6H69B>C>HIG6I>K:6<:CI
HL>CC:
A:C9:G6C9A:II:GD;8G:9>I>HHJ:G
"-6C@6C696
6H
HNC9>86I>DC6<:CI6C9A:II:GD;8G:9>I>HHJ:G
) -:8JG>I>:H

#C8
6HHJHI6>C67>A>IN8DDG9>C6IDG
6C9I=:DI=:GA:C9:GHE6GIN
I=:G:ID
%






G:9>IDC
+






B:C9B:CI(DIDI=:G:9>I86>C8
6:A6L6G:8DGEDG6I>DC
6C96C@D;B:G>86

(
6H69B>C>HIG6I>K:6<:CI;DGI=:A:C9:GHE6GI>:HIDI=:
G:9>I9:G.G69>C<*DA>8N
2

->;>86CIHJ7H>9>6G>:HD;AJAJA:BDC6I=A:I>86>C8
2

DCH:CID;*G>8:L6I:G=DJH:DDE:GH&&*
2

:GI>;>86I>DCD;EG>C8>E6A:M:8JI>K:D;;>8:GEJGHJ6CIID
M8=6C<:8I,JA:H666C996
6H69DEI:9
EJGHJ6CIID-:8I>DCD;I=:-6G76C:H)MA:N8ID;
2

:GI>;>86I>DCD;EG>C8>E6A;>C6C8>6A6C9688DJCI>C8:G
EJGHJ6CIIDM8=6C<:8I,JA:H666C996
6H
69DEI:9EJGHJ6CIID-:8I>DCD;I=:-6G76C:H)MA:N8ID;

2
		
:GI>;>86I>DCD;EG>C8>E6A:M:8JI>K:D;;>8:G6C9EG>C8>E6A
;>C6C8>6A6C9688DJCI>C8:GEJGHJ6CIID/-
-:8I>DC
6H69DEI:9EJGHJ6CIID-:8I>DCD;I=:
-6G76C:H)MA:N8ID;
2

*DA>8N;DG,:8DK:GND;GGDC:DJHANL6G9:9#C8:CI>K:6H:9
DBE:CH6I>DC
%






.=:;DAADL>C<;>C6C8>6AHI6I:B:CIH;GDBI=:DBE6CNH%
;DGI=:;>H86AN:6G:C9:9 :7GJ6GN

;DGB6II:9>C>2,&
>DCHDA>96I:96A6C8:-=::IH
>>DCHDA>96I:9-I6I:B:CIH
D;)E:G6I>DCH6C9DBEG:=:CH>K:#C8DB:
>>>DCHDA>96I:9
-I6I:B:CIHD;-ID8@=DA9:GHFJ>IN
>KDCHDA>96I:9
-I6I:B:CIHD;6H= ADLHK(DI:HIDI=:DCHDA>96I:9
 >C6C8>6A-I6I:B:CIH
2

DK:G*6<:#CI:G68I>K:6I6 >A:;DGB6II:9>C>2,&6C9
8DCI6>C:9>CM=>7>I
2
	
:CDI:H68DBE:CH6IDGNEA6C
8DCIG68IDG6GG6C<:B:CI
>CL=>8=DJG9>G:8IDGHDG:M:8JI>K:D;;>8:GHB6NE6GI>8>E6I:
		
 JGC>H=:9=:G:L>I=
:/;><;>-@10.E$121>1:/1
D45.5@
 ;
D45.5@&5@81
5810
1>1C5@4
;>9
D45.5@ ;
581 ;
585:3-@1
%	 #	$&#*
(DC:


% &'$%
*JGHJ6CIIDI=:G:FJ>G:B:CIHD;-:8I>DCDG9D;I=:-:8JG>I>:HM8=6C<:8ID;
6H6B:C9:9
I=:G:<>HIG6CI
=6H9JAN86JH:9I=>HG:EDGIID7:H>IH7:=6A;7NI=:JC9:GH>O:9
&/&/&')(."&.##(
N

H
&0#(')(&
6AK>C'8DC6A9
=>:;M:8JI>K:);;>8:G
EG>C8>E6A:M:8JI>K:D;;>8:G
6I:
'6G8=

%()1&&*,-)(-3."-*,-(.-
I=6I:68=E:GHDCL=DH:H>IJI:H6C96EED>CIH
6AK>C'8DC6A96C9':<=6C G6C@6C9:68=D;I=:B
L>I=;JAAEDL:GD;HJ7HI>IJI>DC6C9G:HJ7HI>IJI>DC6C9;JAAEDL:GID68I
L>I=DJII=:DI=:G
6H=>HDG=:GIGJ:6C9A6L;JA6IIDGC:N>C;68I6C96<:CIID68I>C=>HDG=:GC6B:
EA68:6C9HI:696C9ID
:M:8JI:>CI=:C6B:6C9DC7:=6A;D;:68=E:GHDC
>C9>K>9J6AAN6C9>C:68=86E68>INHI6I:97:ADL
6C9ID;>A:
6CN6C96AA
9D8JB:CIH>C8DCC:8I>DCI=:G:L>I=
L>I=I=:-:8JG>I>:H6C9M8=6C<:DBB>HH>DC
C96IIDGC:NH>C;68I6C9
6<:CIH
6C9:68=D;I=:B
;JAAEDL:G6C96JI=DG>INID9D6C9E:G;DGB:68=6C9:K:GN68I6C9I=>C<
G6I>;N>C<6C98DC;>GB>C<
6AAI=6IH6>96IIDGC:NH>C;68I6C96<:CIHDG6CND;I=:BDGI=:>G6C9=>HDG=:GHJ7HI>IJI:DGHJ7HI>IJI:H
B6NA6L;JAAN9DDG
86JH:ID7:9DC:7NK>GIJ:I=:G:D;


*JGHJ6CIIDI=:G:FJ>G:B:CIHD;I=:-:8JG>I>:HM8=6C<:8ID;
6H6B:C9:9
I=>HG:EDGI=6H7::CH>CHIG6CI6C9>CI=:86E68>I>:H6C9DCI=:96I:H>C9>86I:9
%53:-@A>1
&5@81
-@1

H
&0#(')(&
=>:;M:8JI>K:);;>8:G6C9>G:8IDG
'6G8=

-8B5:/;:-80
EG>C8>E6A:M:8JI>K:D;;>8:G

H
'!"( ,(%
=>:; >C6C8>6A);;>8:G
'6G8=

134-:>-:7
EG>C8>E6A;>C6C8>6A6C9688DJCI>C8:G

H
',."''), #..
>G:8IDG
D6G9=6>G
'6G8=

->@4-;>25@@

H
'#"&-3
>G:8IDG
'6G8=

5/4-18-?1E

H
-"(!,(.
>G:8IDG
'6G8=

%4-:1>-:@

H
%.",3("(,3
>G:8IDG
'6G8=

-@4>E:1:>E

H
.,#&#-.
>G:8IDG
'6G8=

&1>55?@

H
&#-)(&)"(#-
>G:8IDG
'6G8=

85?;:;14:5?

H
#-&'"
>G:8IDG
'6G8=

?-.18-41

H
$)('(#&&
>G:8IDG
'6G8=

;:/ 1588

H
0#''/-- ,
>G:8IDG
'6G8=

-B50A??-21>

H
'#&31"#.
>G:8IDG
'6G8=

958E)45@1



Board of Directors
Martha (Marti) Morfitt	
Board Chair 
	
	
River Rock Partners Inc., Principal
David Mussafer	
Lead Director of the Board 
	
	
Advent International L.P., Chairman and Managing Partner
Calvin McDonald   	
Chief Executive Officer 
Michael Casey	
Starbucks Corporation, Retired Executive Vice President, 
	
	
Chief Financial Officer and Chief Administrative Officer
Shane Grant	
Danone, Group Deputy CEO, CEO Americas and EVP Dairy,  
	
	
Plant Based and Global Sales
Kathryn Henry	
LightBrite, Co-Founder and Advisor
Teri List	
	
Gap, Inc. Retired Executive Vice President and Chief Financial Officer
Alison Loehnis	
Yoox Net-a-Porter, Ad-Interim CEO and President 
Isabel Mahe		
Apple Inc., Vice President and Managing Director of Greater China 
Jon McNeill		
DVx Ventures, Chief Executive Officer
Emily White		
Anthos Capital, President   
Executive Officers
Calvin McDonald	
Chief Executive Officer 
Meghan Frank	
Chief Financial Officer
Celeste Burgoyne	
President, Americas and Global Guest Innovation
André Maestrini	
Executive Vice President, International 
Nicole (Nikki) Neuburger	
Chief Brand & Product Activation Officer
Board of Directors and Executive Officers
Annual Meeting
The annual meeting will be held on Wednesday, June 11, 2025  
at 8:00 am, Pacific Time, via live webcast at  
www.virtualshareholdermeeting.com/LULU2025.
Investor Information
Shareholders are advised to review financial information and 
other disclosures about lululemon contained in its 2024 Annual 
Report on Form 10-K, Quarterly Reports on Form 10-Q, Proxy 
Statement and other SEC filings, as well as press releases and 
earnings announcements by accessing the Company’s website at 
https://corporate.lululemon.com/Investors or at www.sec.gov.
Investor inquiries should be directed to:
By email: 	investors@lululemon.com
By mail: 	 lululemon athletica Investor Relations 
	
1818 Cornwall Avenue, Vancouver, British Columbia 
	
Canada V6J 1C7
Independent Auditors
PricewaterhouseCoopers LLP
Transfer Agent
Computershare Trust Company, N.A.
ANNUAL REPORT 2024
Other annual reports

2024 Report ↗ 2023 Report ↗ 2022 Report ↗ 2021 Report ↗ 2020 Report ↗

Peers & competitors

RROTF Roots Corporation ↗ ROOT.TO Roots Corporation ↗ CTRN Citi Trends, Inc. ↗ AX1.AX Accent Group Limited ↗ JILL J.Jill, Inc. ↗