i
*`5GD;F`
%*+),+ &%* *U,) +U $'&)+%+*
&#, . )(-,0, - #(-.,/.#)(-
)$)(,
/H=@=G9F 7CFF97H9A9BH 79H 5DD5F9=@ &=F9 HCIH9G @9G =BGHFI7H=CBG 5J5BH
8IH=@=G9F 79H 5DD5F9=@ _@97HFCA_B5;9F -= @9G F9BG9=;B9A9BHG 7CBH9BIG 85BG 79
A5BI9@ B9 GCBH D5G GI=J=G G7FIDI@9IG9A9BH IB =B79B8=9 CI IB9 9LD@CG=CB F=GEI9
89BHF5bB9F 89G 8CAA5;9G 89G 6@9GGIF9G 7CFDCF9@@9G CI @5 ACFH :=B 89 F_8I=F9 @9G
F=GEI9G 8=B79B8=9 89 8_7<5F;9 _@97HF=EI9 CI 89 6@9GGIF9G 7CFDCF9@@9G DF9B8F9 @9G
DF_75IH=CBG GI=J5BH9G
-5GGIF9F EI9 @5DD5F9=@ A_B5;9F 9GH 58_EI5H9A9BH =BGH5@@_ 9H A=G Z @5 H9FF9 D5F IB
H97<B=7=9BEI5@=:=_
-5JC=F Cg 9H 7CAA9BH 8_7CBB97H9F @5@=A9BH5H=CB _@97HF=EI9 @5 GIF:579 89 @5 ;F=@@9
&9 H97<B=7=9B 8C=H =B8=EI9F @9AD@579A9BH 8I 7CID97=F7I=H *F9B8F9 89G BCH9G
DCIF DCIJC=F GM F9DCFH9F F5D=89A9BH I@H_F=9IF9A9BH CBGI@H9F @9G 8_H5=@G 85BG @9
A5BI9@ 8=BGH5@@5H=CB
9H 5DD5F9=@ 5 _H_ GD_7=5@9A9BH 7CB]I DCIF IB9 IH=@=G5H=CB F_G=89BH=9@@9 #@ B9GH D5G
5DDFCIJ_ DCIF IB9 IH=@=G5H=CB 9LH_F=9IF9 0C=F ;5F5BH=9 *CIF HCIH9 EI9GH=CB
7CBH57H9F @9 :56F=75BH
)$)(,
/H=@=G9F @5DD5F9=@ IB=EI9A9BH DCIF @9G IH=@=G5H=CBG DF_JI9G 9H 8_7F=H9G
85BG 79 A5BI9@ 9H 5DD5F9=@ _@97HFCA_B5;9F 9GH IB=EI9A9BH 89GH=B_ Z IB IG5;9
8CA9GH=EI9 #@ B9GH D5G 5DDFCIJ_ DCIF 89G IG5;9G 9LH_F=9IFG (9 $'#- IH=@=G9F @5
;F=@@9 DCIF 7<5I::9F IB9 D=^79 9@5 DCIFF5=H 7CB8I=F9 Z IB9 GIF7<5I::9 89 @5DD5F9=@
(9 >5A5=G IH=@=G9F @5DD5F9=@ 7CAA9 GIDDCFH 89 F5B;9A9BH
(9 D5G 5IHCF=G9F @9G 9B:5BHG Z IH=@=G9F @5DD5F9=@ G5BG @5 GIFJ9=@@5B79 8IB 58I@H9 &9G
9B:5BHG 9H @9G 5B=A5IL 8CA9GH=EI9G B9 8C=J9BH D5G F9GH9F G9I@G 85BG IB9 NCB9 Cg
89G 5DD5F9=@G _@97HFCA_B5;9FG GCBH 9B :CB7H=CBB9A9BH #@G B9 8C=J9BH >5A5=G >CI9F Z
DFCL=A=H_ 89 @5DD5F9=@ A`A9 G= 79@I=7= 9GH _H9=BH
+I5B8 @9G 9B:5BHG GCBH GI::=G5AA9BH \;_G DCIF IH=@=G9F @5DD5F9=@ =@ =B7CA69 89 @5
F9GDCBG56=@=H_ @_;5@9 89G D5F9BHG CI 89G HIH9IFG 89 J9=@@9F Z 79 EI9 89G D9FGCBB9G
EI5@=:=_9G @9IF 5=9BH :5=H D5FH 89G =BGHFI7H=CBG 89 G_7IF=H_
*9FGCBB9 B9 8C=H ACBH9F GIF @5DD5F9=@ G5DDIM9F G5GG9C=F CI G577FC7<9F Z
@5DD5F9=@ BCH5AA9BH 5IL DCFH9G 9@5 F=GEI9 89B8CAA5;9F @5DD5F9=@ 9H 9B G9
F9BJ9FG5BH DFCJCEI9F 89 ;F5J9G @_G=CBG
++%+ &%
B9 >5A5=G DCG9F 8C6>9HG 5I 89GGIG CI 89FF=^F9 @5 ;F=@@9 GIG79DH=6@9G
85HH=F9F @5HH9BH=CB 89G 9B:5BHG -= @9G 9B:5BHG HF_6I7<9BH GIF @5 ;F=@@9 DCIF 5HH9=B8F9
@9G C6>9HG 89 ;F5J9G @_G=CBG DCIFF5=9BH GIFJ9B=F
VJ=H9F EI9 8I D@5GH=EI9 8I D5D=9F 89G HCF7<CBG 89G 7CIJ9F7@9G CI HCIH 5IHF9
;F5B8 C6>9H A_H5@@=EI9 9BHF9 9B 7CBH57H 5J97 IB _@_A9BH 89 @5 GIF:579 VJ=H9F EI9
@9G DC`@9G 6CI=@@9BH >IGEIZ 89GG_7<9F *CFH9F 89G J`H9A9BH 58_EI5HG (9 >5A5=G
DCFH9F 89 J`H9A9BH 5AD@9G CI 89 A5B7<9G @CB;I9G 89G 7F5J5H9G CI 89G :CI@5F8G
9H G5HH57<9F @9G 7<9J9IL DCIF 7I=G=B9F
@EF3>>3F;A@
,F;>;E3F;A@ BD`HG7
*`5GD;F` BAGD 7@83@FE
*`5GD;F` D7>3F;H7 \ >3 5G;EEA@