)4C<8E 4?H@<A<H@ C?4FG<DH8 C4C<8E BH 6;<99BA A8 7B<I8AG C4F 8AGE8E 8A 6BAG46G 4I86
HA `?`@8AG 78 FHE9468 6;4H7 '8 ?4<FF8M C4F ?8F CBa?8F F`6;8E 4H 98H
GG46;8E ?8F IaG8@8AGF ?]6;8F 8G6 4I4AG 78 6B@@8A68E GG46;8E ?8F 6;8I8HK
?BA:F 78 94^BA [ 68 DH<?F A8 C8A78AG C4F 8G A8 C4F CBEG8E 78 IaG8@8AGF ?]6;8F BH
7;45<GF BH B5=8GF DH< C8A7<??8AG G8?F DH8 6E4I4G8F 9BH?4E7F 5<=BHK BH @4A6;8F
' ), -(.!+ .1 W%W&'-, ,.+ '" .1 3(', )+V, ,
W%W&'-, %8F HA<G`F 78 FHE9468 C8HI8AG aGE8 6;4H78F @a@8 ?BEFDH8??8F FBAG 78
6BH?8HE 9BA6`8 %8F MBA8F CE_F 78F HA<G`F 78 FHE9468 C8HI8AG 78I8A<E
FH99<F4@@8AG 6;4H78F CBHE 64HF8E 78F 5Ek?HE8F )8A74AG 8G 4CE_F ?HG<?<F4G<BA A8
C4F GBH6;8E A< ?4<FF8E IaG8@8AGF CB<:A`8F <FB?4AG8F BH 4HGE8F @4G`E<4HK
<A9?4@@45?8F 8AGE8E 8A 6BAG46G 4I86 ?8F `?`@8AGF 78 FHE9468 A< 4HK MBA8F CE_F 78F
`?`@8AGF G4AG DH<?F ABAG C4F E89EB<7< <GBAF ABG4@@8AG ?4 G45?8 78 6H<FFBA 8G ?8F
FHE9468F F<GH`8F CE_F 78 68??8m6<
-BH=BHEF HG<?<F8E 78F CB<:A`8F <FB?4AG8F F_6;8F 8F CB<:A`8F @BH<??`8F BH
;H@<78F 8AGE4AG 8A 6BAG46G 4I86 ?8F FHE9468F6;4H78F C8HI8AG CEBIBDH8E 78F
5?8FFHE8F C4E 7`:4:8@8AG 78 I4C8HE '8 ?4<FF8M C4F ?8F CB<:A`8F GBH6;8E ?8F
`?`@8AGF 6;4H994AGF 6;4H7F '8 C4F HG<?<F8E 78 F8EI<8GG8 A< 78 6;<99BA IB?H@<A8HK
'8 7`C?468M =4@4<F HA8 CBa?8 6BAG8A4AG 78 ?;H<?8 6;4H78 8A C4EG<6H?<8E HA8
54FF<A8 [ 9E<GHE8 GG8A78M DH8??8 F8 FB<G E89EB<7<8
,(*))#$*
l
'8 =4@4<F ?4<FF8E ?4 G45?8 78 6H<FFBA F4AF
FHEI8<??4A68 8A C4EG<6H?<8E [ 78F E`:?4:8F 78 G8@C`E4GHE8 `?8I`F ,HEI8<??8M
GBH=BHEF ?4G45?8 78 6H<FFBA 8G A8 C4F 94<E8 5Ek?8E A< 7`5BE78E DHB< DH8 68
FB<G %8F7`5BE78@8AGF C4E 5BH<??BAA8@8AG CEB7H<F8AG 78 ?4 9H@`8 8G
68EG4<AF 4?<@8AGF 8G ;H<?8F E<FDH8AG 78 F8A9?4@@8E [ ;4HG8 G8@C`E4GHE8
'8 C4F 6;4H998E BH E`6;4H998E 78F 6BAG8A4AGF 74?<@8AGF ABA BHI8EGF
%466H@H?4G<BA 78 CE8FF<BA C8HG 94<E8 8KC?BF8E ?8 6BAG8A4AG 8G CEBIBDH8E
78F5?8FFHE8F
-8A<E GBH=BHEF F86 ?4 G45?8 78 6H<FFBA 8G ?8 78FFBHF 78F 64FF8EB?8F %4 CE`F8A68 78
?<DH<78 8AGE8 ?8 78FFBHF 7HA8 64FF8EB?8 8G ?4 G45?8 78 6H<FFBA 6E`8E HA8 CE8FF<BA
78 I4C8HE CEBIBDH4AG HA F4HG FBH74<A 78 ?4 64FF8EB?8 8G 8AGE4cA4AG 78F 5?8FFHE8F
'8 =4@4<F 94<E8 9BA6G<BAA8E ?4 G45?8 78 6H<FFBA ?BEFDH<? L 4 7H ?<DH<78 BH 78F
7`I8EF8@8AGF CE_F 78 ?4 MBA8 78 6B@@4A78 -BH=BHEF `G8<A7E8 ?4 G45?8 78 6H<FFBA
8G F`6;8E ?4 MBA8 78 6B@@4A78
.G<?<F8E ?8F E`:?4:8F `?8I`F F8H?8@8AG ?BEFDH8 A`68FF4<E8 )BHE `I<G8E 5H??8F 8G
`6?45BHFFHE8F 6;4H998E ?;H<?8 ?8AG8@8AG [ E`:?4:8 94<5?8 BH @BL8A %;H<?8 6;4H78
C8HG 64HF8E 78F 5Ek?HE8F 8G 5?8FFHE8F 8KGEa@8@8AG :E4I8F
.G<?<F8E 78F 64FF8EB?8F 78 G4<??8 47`DH4G8 %HG<?<F4G<BA 78 64FF8EB?8F 78 7<@8AF<BAF
GEBC C8G<G8F 8KCBF8 HA8 C4EG<8 78 ?`?`@8AG 6;4H994AG [ HA 6BAG46G 7<E86G 8G C8HG
8AGE4cA8E ?<A9?4@@4G<BA 78F IaG8@8AGF ,`?86G<BAA8E 78F HFG8AF<?8F [ 9BA7 C?4G
FH99<F4@@8AG ?4E:8F CBHE 6BHIE<E ?`?`@8AG 6;4H994AG 8G 4CC4E8<? 8FG 7BG` 78
FHE9468F 78 7<99`E8AGF 9BE@4GF .A E4CCBEG 64FF8EB?8m`?`@8AG 6;4H994AG 47`DH4G
E8;4HFF8 4HFF< ?89646<G` BHC8E ?4?<@8AG4G<BA 4H 5BcG<8E 78 7<F=BA6G8HEF F< ?4
6`E4@<DH8 CE`F8AG8 78F 9<FFHE8F 9E46GHE8F BH 7`94HGF B@@HA<DH8E 4I86 HA
E`C4E4G8HE 4HGBE<F`
>CDBE3D9?>C 45 CY3EB9DY
9=@?BD1>D5C
%",3 - +3 , "',-+.-"(',
)Y3EB9DY 45 3E9CC?>
)Y3EB9DY @?EB <1 21DD5B95 45 3E9C9>5