Arbeidsmigranten
uit Midden- en Oost-Europa
(HQSUR¿HOVFKHWVYDQUHFHQWHDUEHLGVPLJUDQWHQ
uit de MOE-landen

A.M. Weltevrede
J. de Boom
S. Rezai
L. Zuijderwijk
G. Engbersen

!"#$%&'(%)"*+,$+-.%,-/%&&$+0-$+-12',0
3."24*-

3$+-4"25%$6'78$,'-9*+-"$7$+,$-*"#$%&'(%)"*+,$+-.%,&$-/1306*+&$+-!
!
!
!

!

!
!
"#$#!%&'(&)*&+&!
,#!+&!-../!
0#!1&234!
5#!6748+&*948:!
;#!<=>?&*@&=!

-

!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!"#$%&'(%)"*+,$+-.%,-/%&&$+0-$+-12',03."24*:-3$+-4"25%$6'78$,'-9*+-"$7$+,$-*"#$%&'(%)"*+,$+-.%,-&$/1306*+&$+"#$#!%&'(&)*&+&A!,#!+&!-../A!0#!1&234A!5#!6748+&*948:A!!
;#!<=>?&*@&=!
1.((&*+3/B!14@?.!-C!
!
.:(.?&*!DEEF!
3"*'(.'-;+%9$"'%,$%,-<2,,$"&*(=2',#.'->?@A@BBB-C<-<2,,$"&*(,$6DE-B>B0FBAG>GF5*HE-B>B0FBA>>F>I-J24K"%)8,-<%'#2-LMD-!66$-"$78,$+-922"#$82.&$+D-N%$,'.%,-&$O$-.%,)*9$-(*)-P2"&$+-9$"($+%)9.6&%)&-$+Q2524$+#**"-)$(**R,-&22"-(%&&$6-9*+-&".RS-52,2R24%$S(%7"25%6(-25-24-P$6R$-P%TO$-&*+-22R-O2+&$"922"*5)**+&$-,2$',$((%+)-9*+-&$-C%"$7,%$-9*+-8$,U+',%,..,D-

!
UVLN-W?AWB?XX>@FAG-

!

!

U+82.&'24)*9$-

U+82.&'24)*9$- DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD>!

M22"P22"&-

DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDY!

V*($+9*,,%+)-

DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD?!

Z225&',.R->!

U+6$%&%+) DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD>?!

G#G!

H='&4+4=> ################################################################################ GI!

G#D!

JK&.*&(4@LK&!4=?&++4=> ############################################################ GM!

G#N!

O*.?'&&/@(&''4=>A!.=+&*2.&:@)*3>&=!&=!3P?3:&=4=>!.=+&*2.&:@>*.&Q##

!

############################################################################################ DG!

G#R!

S=+&*2.&:@.Q2&( #################################################################### DD!

Z225&',.R-G!

/1306*+&$"'E-2(9*+) DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD@>!

D#G!

H='&4+4=> ################################################################################ NG!

D#D!

$S<T'3=+&*@B!4=!+&!;-"!>&*&>4@(*&&*+&!/4>*3=(&= ####################### ND!

D#N!

$S<T'3=+&*@B!=4&(!4=!+&!;-"!>&*&>4@(*&&*+&!/4>*3=(&=################# NU!

D#R!

03/&=)3((4=> ######################################################################### RD!

Z225&',.R-@!

!78,$")"2+&R$+($"R$+-$+-(%)"*,%$)$'78%$&$+%' DDFY!

N#G!

H='&4+4=> ################################################################################ RV!

N#D!

"LK(&*>*.=+!*&@Q.=+&=(&= ####################################################### RV!

N#N!

$4>*3(4&>&@LK4&+&=4@ ############################################################### RM!

N#R!

W&72&!)..*!X&+&*'3=+############################################################## VG!

N#V!

O&=+&'/4>*3(4&######################################################################## VR!

N#U!

03/&=)3((4=> ######################################################################### VU!

Z225&',.R-F!

146$%&%+)-$+-!"#$%&DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDYW!

R#G!

H='&4+4=> ################################################################################ VF!

R#D!

SQ'&4+4=>@=4)&37##################################################################### VF!

R#N!

"*?&4+@Q.@4(4&!K&*:./@('3=+ ##################################################### UG!

R#R!

"*?&4+@Q.@4(4&!4=!X&+&*'3=+ ###################################################### UR!

R#V!

03/&=)3((4=> ######################################################################### IV!

G!

!"#$%&'$()*+,-

Z225&',.R-Y!

[%+*+7%\6$-'%,.*,%$ DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD??!

V#G!

H='&4+4=> ################################################################################ II!

V#D!

H=:./&= ################################################################################ II!

V#N!

Y4(>3)&= ################################################################################ ME!

V#R!

C&*3=+&*4=>!4=!P4=3=L4Z'&!@4(73(4& ############################################### MD!

V#V!

C&*2&:&*4=>&=!&=!?&'3@(4=>&= ################################################### MR!

V#U!

03/&=)3((4=> ######################################################################### MM!

Z225&',.R-X!

]2+$+DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDW>!

U#G!

H='&4+4=> ################################################################################ FG!

U#D!

%.=4=>&= ############################################################################## FG!

U#N!

J&)*&+&=K&4+########################################################################## FR!

U#R!

S)&*4>&!:&=/&*:&= ################################################################# FF!

U#V!

[74@)&@(4=>!4=!Q&*@Q&L(4&P####################################################### GEG!

U#U!

03/&=)3((4=> ####################################################################### GEV!

Z225&',.R-?!

V27%**607.6,."$6$-%+,$)"*,%$ DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD>B?!

I#G!

H='&4+4=> ############################################################################## GEI!

I#D!

J33':&==4@!&=!4=?7*>&*4=>?&K.&P(&########################################### GEI!

I#N!

0.L43'&!L.=(3L(&= ################################################################## GGU!

I#R!

C*48&!(48+@?&@(&+4=> ############################################################### GGM!

I#V!

03/&=)3((4=> ####################################################################### GDE!

Z225&',.R-A!

[%+*+7%\6$-7"%'%'-$+-^2$R2(',46*++$+ DDDDDDDDDDDDDDDDDD>G@!

M#G!

H='&4+4=> ############################################################################## GDN!

M#D!

<PP&L(!P4=3=L4Z'&!L*4@4@ ############################################################ GDN!

M#N!

J.&:./@(Q'3==&= ################################################################## GDU!

M#R!

03/&=)3((4=> ####################################################################### GDF!

_%,$"*,.."-

DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD>@>!

L$)"%44$+6%T',-

DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD>@Y!

L%T6*)$-#%T-8225&',.R-> DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD>@?!
L%T6*)$-#%T-8225&',.R-G DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD>FY!
L%T6*)$-#%T-8225&',.R-@ DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD>FW!

D!

!"#$%&'$()*+,-

L%T6*)$-#%T-8225&',.R-F DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD>Y@!
L%T6*)$-#%T-8225&',.R-Y DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD>Y?!
L%T6*)$-#%T-8225&',.R-X DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD>X>!
L%T6*)$-#%T-8225&',.R-? DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD>X?!
L%T6*)$-#%T-8225&',.R-A DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD>?>!

N!

M22"P22"&-

H=!+&!3P>&'.Q&=!)48P(4&=!833*!K&??&=!24LK!@7?@(3=(4Z'&!>*.&Q&=!/4>*3=(&=!74(!
$4++&=T!&=!S.@(T<7*.Q3!4=!X&+&*'3=+!>&)&@(4>+#!H=!&&*@(&!4=@(3=(4&!>4=>!K&(!
+33*?48!)..*3'!./!3@4&'/4>*3=(&=!\/&(!=3/&!74(!)..*/3'4>!,.&>.@'3)4Z!&=!+&!
)..*/3'4>&!0.)8&(TY=4&]!&=!)&*).'>&=@!./!K79&'48:@/4>*3=(&=!\)3=74(!
.=+&*/&&*!O.'&=]#!04=+@!+&!74(?*&4+4=>!)3=!+&!<7*.Q&@&!Y=4&!4@!+&!
3*?&4+@/4>*3(4&!@(&&+@!?&'3=>*48:&*!>&9.*+&=#!!
!

[&(!)..*'4>>&=+&!*3QQ.*(!*4LK(!24LK!.Q!+&!33*+!&=!+&!./)3=>!)3=!+&!>*.&Q!

*&L&=(&!3*?&4+@/4>*3=(&=!74(!+&!$4++&=T!&=!S.@(T<7*.Q&@&!'3=+&=!\+&!$S<T
'3=+&=]!+4&!=3!DEER!=33*!X&+&*'3=+!248=!>&:./&=#!
!

H=!DEEM!+&&+!14@?.!K&(!.=+&*2.&:!^S.@(T<7*.Q&3=&=!4=!X&+&*'3=+_!=33*!

+&!/33(@LK3QQ&'48:&!Q.@4(4&!)3=!S.@(T<7*.Q&3=&=!4=!X&+&*'3=+!+4&!
4=>&@LK*&)&=!@(33=!4=!+&!;-"!\`&!-../!&(!3'#!DEEM3]#!<LK(&*A!=33@(!+&2&!
/4>*3=(&=!+4&!24LK!.PP4L4&&'!4=!X&+&*'3=+!>&)&@(4>+!K&??&=A!248=!4=!+&!
3P>&'.Q&=!83*&=!./)3=>*48:&!>*.&Q&=!3*?&4+@/4>*3=(&=!=33*!X&+&*'3=+!
>&:./&=!./!K4&*!)..*!&&=!:.*(&!Q&*4.+&!3*?&4+!(&!)&**4LK(&=#!648!?'48)&=!
>*.(&=+&&'@!?74(&=!?&&'+!4=!+&!.PP4L4Z'&!/4>*3(4&T!&=!?&).':4=>@@(3(4@(4&:&=#!
`&!.Q+*3LK(>&)&*!)3=!.=+&*K3)4>!.=+&*2.&:a!K&(!/4=4@(&*4&!)3=!C1S$!9&=@(!
/&&*!4=24LK(!(&!:*48>&=!4=!+&!:&=/&*:&=!)3=!+&2&!>*.&Q!*&L&=(&!
3*?&4+@/4>*3=(&=!74(!+&!$S<T'3=+&=#!!
!

`4(!.=+&*2.&:!>33(!4=!.Q!+&!3@Q&L(&=B!./)3=>A!3LK(&*>*.=+:&=/&*:&=A!

/4>*3(4&)&*'&+&=A!.Q'&4+4=>=4)&37!&=!3*?&4+@@4(73(4&A!P4=3=L4Z'&!@4(73(4&A!
K74@)&@(4=>@@4(73(4&A!@.L433'TL7'(7*&'&!4=(&>*3(4&!&=!(.&:./@()&*93LK(4=>&=#!!
!

`4(!*3QQ.*(!4@!.Q>&@(&'+!+..*!14@?.A!&&=!.=+&*2.&:@4=@(&''4=>!)&*?.=+&=!

33=!+&!1.((&*+3/@&!<*3@/7@!Y=4)&*@4(&4(#!<&=!>*..(!33=(3'!3=+&*&!Q&*@.=&=!
93*&=!.Q!+&!&&=!.P!3=+&*&!/3=4&*!?48!K&(!.=+&*2.&:!?&(*.::&=#!%48!94''&=!
+&2&!Q&*@.=&=!K4&*?48!+3=:&=!)..*!K7=!/&+&9&*:4=>#![&(!.=+&*2.&:!2.7!=4&(!
:7==&=!248=!74(>&).&*+!2.=+&*!+&!/&+&9&*:4=>!)3=!+&!3*?&4+@/4>*3=(&=!74(!
+&!$S<T'3=+&=#!%48!248=!3''&!*&@Q.=+&=(&=!2&&*!&*:&=(&'48:!)..*!K&(!4=!>*.(&=!
>&(3'&!4=)7''&=!)3=!+&!&=b7c(&#!S=2&!+3=:!>33(!4=!K&(!?482.=+&*!74(!=33*!+&!
*&@Q.=+&=(&=!+4&!)&*).'>&=@!..:!=.>!?&*&4+!93*&=!K7=!)&*K33'!(&!)&*(&''&=!
4=!+&!+4&Q(&T4=(&*)4&9@#!J&)&=@!94''&=!9&!3'!+&>&=&=!?&+3=:&=!+4&!4=!+4(!
*3QQ.*(!^@'&7(&'Q&*@.=&=!.P!4=P.*/3=(&=_!9.*+&=!>&=.&/+#![&(!>33(!./!
Q&*@.=&=!+4&!K&(248!2&'P!3P:./@(4>!248=!74(!+&!/4>*3=(&=>*.&Q&=A!K&(248!

V!

.$$/0$$/&-

?&*.&Q@/3(4>!/&(!K&=!(&!/3:&=!K&??&=!&=!?&*&4+!93*&=!K7=!&*)3*4=>!/&(!
&=!4=24LK(&=!.)&*!+&2&!/4>*3=(&=!/&(!.=@!(&!+&'&=#!!
!

H=!+&!(9&&+&!Q'33(@!94''&=!9&!3'!.=2&!&=b7c(&7*@A!4=(&*)4&9&*@A!4=).&*+&*@!

&=!)&*(3'&*@!?&+3=:&=!)..*!K7=!&=.*/&!4=2&(!&=!=.&@(&!3*?&4+!>&+7*&=+&!
K&(!)&'+9&*:!&=!+&!+3(3)&*9&*:4=>#!!
!

H=!+&!+&*+&!Q'33(@!*4LK(&=!948!&&=!@Q&L433'!9..*+!)3=!+3=:!33=!14(3!

53)3=43!)3=!K&(!Y%C!)..*!+&!3*?&4+@4=(&=@4&)&!?&9&*:4=>!)3=!+&!
'..=?&'3@(4=>>&>&)&=@!(.(!&&=!.=+&*2.&:@?&@(3=+!933*!948!.=2&!3=3'd@&!.Q!
:.=+&=!74().&*&=#!!
!

S.:!+3=:&=!948!+&!\&eT]'&+&=!)3=!+&!?&>&'&4+4=>@L.//4@@4&!0723==&!

[3P4+4A!"*43==&!)3=!+&*!148@(T-*.&*&A!"*8&=!C&*9&48A!f*3=L.4@!O3&@A!
$.K3//&+!`&**32!&=![3==&:&!W'7=+&*!\3''&=!=3/&=@!K&(!$4=4@(&*4&!)3=!
C1S$]!&=!5.?:&!63=+@(*3!&=![&=:!-..=!\?&4+&!=3/&=@!K&(!$4=4@(&*4&!)3=!
,7@(4(4&]#!%48!+3=:&=!K&=!3''&=!)..*!K7=!L.//&=(33*!.Q!&=!K7'Q!?48!K&(!
74().&*&=!)3=!.=@!.=+&*2.&:A!K7=!>*.(&!?&(*.::&=K&4+!&=!+&!Q*&((4>&!
@3/&=9&*:4=>#!
!

J&=@'.((&!>33(!.=2&!+3=:!74(!=33*!+&>&=&=A!+4&!.=@!3=+&*@24=@!K&??&=!

>&K.'Q&=!?48!+&!74().&*4=>!)3=!K&(!.=+&*2.&:#!
!
[&(!.=+&*2.&:@(&3/!!
1.((&*+3/A!.:(.?&*!DEEF!
!
!
!

U!

V*($+9*,,%+)--

SQ!G!/&4!DEER!(*&+&=!O.'&=A![.=>3*48&A!J@8&LK4ZA!0'.93:48&A!<@('3=+A!5&('3=+A!
54(.79&=!&=!0'.)&=4Z!(.&!(.(!+&!<7*.Q&@&!Y=4&#!-48=3!+*4&!833*!'3(&*A!.Q!G!
83=73*4!DEEIA!).'>&=!-7'>3*48&!&=!1.&/&=4Z#!`&!74(?*&4+4=>!)3=!+&!<7*.Q&@&!
Y=4&!/33:(!K&(!)..*!9&*:=&/&*@!@(&&+@!>&/3::&'48:&*!./!4=!X&+&*'3=+!(&!
>33=!9&*:&=!&=!K&&P(!&&=!@(&*:!(.&=&/&=+!33=(3'!\3*?&4+@]/4>*3=(&=!74(!+&!
$S<T'3=+&=!(.(!>&).'>#!`&!+.&'@(&''4=>!)3=!)..*'4>>&=+!.=+&*2.&:!4@!4=24LK(!
:*48>&=!4=!+&!33*+!&=!./)3=>!)3=!3*?&4+@/4>*3=(&=!74(!+&!$S<T'3=+&=!+4&!
*&L&=(&'48:!=33*!X&+&*'3=+!248=!>&:./&=#!`&!Q*.?'&&/@(&''4=>!+4&!74(!+&2&!
+.&'@(&''4=>!*&@7'(&&*(!4@!)4&*'&+4>B!!
!!

%3(!4@!+&!./)3=>!)3=!+&!>*.&Q!4=!X&+&*'3=+!33=9&24>&!*&L&=(&!
3*?&4+@/4>*3=(&=!74(!+&!$S<T'3=+&=g!

!!

[.&!24&(!+&!>*.&Q!*&L&=(&!3*?&4+@/4>*3=(&=!74(!+&!$S<T'3=+&=!&*74(!
b73!'&&P(48+A!>&@'3LK(!.Q'&4+4=>@=4)&37A!K74@K.7+&=@3/&=@(&''4=>g!

!!

[.&!24&(!+&!@4(73(4&!)3=!*&L&=(&!3*?&4+@/4>*3=(&=!74(!+&!$S<T'3=+&=!
4=!X&+&*'3=+!&*74(!b73!3*?&4+!\9&*:!&=!3*?&4+@)&*'&+&=]A!9.=&=A!
P4=3=L4Z=!&=!@.L433'TL7'(7*&'&!4=(&>*3(4&g!!

!!

[.&!24&=!+&!/4>*3(4&Q3(*.=&=!&*74(!&=!93(!248=!+&!)&*93LK(4=>&=!&=!
9&=@&=!/&(!?&(*&::4=>!(.(!&&=!(.&:./@(!4=!X&+&*'3=+g!

!
1+&$"O2$R'24O$,-.)&=@(33=+&!)*3>&=!248=!?&3=(9..*+!33=!+&!K3=+!)3=!)4&*!+&&'@(7+4&@B!
!!

0&L7=+34*&!+3(3T3=3'd@&B!C..*!K&(!/3:&=!)3=!+&!./)3=>@LK3((4=>!
248=!)&*@LK4''&=+&!@&L7=+34*&!?*.==&=!>&*33+Q'&&>+#!!

!!

W93=(4(3(4&P!@7*)&dT.=+&*2.&:B!S/!&&=!2.!>.&+!/.>&'48:!?&&'+!(&!
:*48>&=!)3=!+&!>*.&Q!248=!.Q!)&*@LK4''&=+&!Q'&::&=!4=!X&+&*'3=+!
>&@(*7L(7*&&*+&!)*3>&='48@(&=!3P>&=./&=!.=+&*!*&L&=(&!
3*?&4+@/4>*3=(&=!74(!+&!$S<T'3=+&=#![&(!)&'+9&*:!*&@7'(&&*+&!4=!IRU!
?*74:?3*&!)*3>&='48@(&=#!

!!

`4&Q(&T4=(&*)4&9@B!S/!+4&Q&*!4=!(&!>33=!.Q!@Q&L4P4&:&!.=+&*9&*Q&=!
+4&!(&!L./Q'&e!248=!./!4=!+&!>&@(*7L(7*&&*+&!)*3>&='48@(!(&!
.=+&*2.&:&=!248=!&*!DG!+4&Q(&T4=(&*)4&9@!3P>&=./&=!/&(!$S<T
'3=+&*@#!!

!!

H=(&*)4&9@!/&(!@'&7(&'Q&*@.=&=B![&(!?&(*.P!K4&*!&&=!K&*3=3'd@&!)3=!
4=(&*)4&9@!/&(!DM!@'&7(&'Q&*@.=&=!74(!K&(!.=+&*2.&:!^S.@(T

I!

1*2,"+*334")-

<7*.Q&3=&=!4=!X&+&*'3=+_!\`&!-../!&(!3'#!DEEM3]#!`&2&!4=(&*)4&9@!
248=!33=>&)7'+!/&(!GE!&e(*3!>&@Q*&::&=!/&(!+&@:7=+4>&=#!
!
<$4"$'$+,*,%9%,$%,H=!)&&'!:93=(4(3(4&P!@7*)&d!.=+&*2.&:!9.*+(!>&Q*.?&&*+!+&!*&Q*&@&=(3(4)4(&4(!
(&!933*?.*>&=!+..*!K&(!(*&::&=!)3=!&&=!3@&'&L(&!@(&&:Q*.&P!74(!+&!Q.Q7'3(4&!
933*!/&=!.=+&*2.&:!=33*!94'!+.&=#!S/+3(!&*!>&&=!*&>4@(&*!?&@LK4:?33*!4@!
933*4=!3''&!*&L&=(&!3*?&4+@/4>*3=(&=!74(!+&!$S<T'3=+&=!248=!.Q>&=./&=!4@!
+4(!)..*!.=2&!+.&'>*.&Q!=4&(!/.>&'48:#!S/!(.LK!+&!*&Q*&@&=(3(4)4(&4(!)3=!K&(!
.=+&*2.&:!(&!933*?.*>&=!4@!)43!)&*@LK4''&=+&!:3=3'&=!>&2.LK(!&=!248=!+&!
&=b7c(&@!.Q!)&*@LK4''&=+&!Q'&::&=!&=!/3=4&*&=!74(>&2&(!&=!3P>&=./&=#!`&2&!
K&(&*.>&=4(&4(!4=!+&!+3(3)&*23/&'4=>!933*?.*>(!4=!4&+&*!>&)3'!+&!+4)&*@4(&4(!
)3=!+&!.=+&*2.&:@>*.&Q!=33*!3LK(&*>*.=+:&=/&*:&=A!9&*:!&=!>&.>*3P4@LK&!
@Q*&4+4=>#!C$5%+%,%$-$+-*5#*R$+%+)-9*+-&$-2+&$"O2$R')"2$4H=!+4(!.=+&*2.&:!*4LK(&=!948!.=@!.Q!+&!>*.&Q!*&L&=(&!3*?&4+@/4>*3=(&=!74(!+&!
(4&=!$4++&=T!&=!S.@(T<7*.Q&@&!\$S<]!'3=+&=!+4&!(.(!+&!<7*.Q&@&!Y=4&!
?&K.*&=#!"LK(!)3=!+&2&!'3=+&=!248=!Q&*!G!/&4!DEER!(.(!+&!<Y!(.&>&(*&+&=B!
O.'&=A![.=>3*48&A!0'.)&=4ZA!J@8&LK4ZA!0'.93:48&A!<@('3=+A!5&('3=+!&=!54(.79&=#!
`&!.)&*4>&!(9&&!$S<T'3=+&=A!1.&/&=4Z!&=!-7'>3*48&A!248=!@4=+@!G!83=73*4!
DEEI!'4+!)3=!+&!<YA!/33*!K&??&=!=.>!>&&=!).''&+4>!)*48&!(.&>3=>!>&:*&>&=!
(.(!+&!X&+&*'3=+@&!3*?&4+@/3*:(#!!
!

%&!*4LK(&=!.=@!.Q!*&L&=(&!3*?&4+@/4>*3=(&=A!+#9#2#!/4>*3=(&=!+4&!4=!

X&+&*'3=+!9&*:&=!&=!)..*!+&!'33(@(&!:&&*!4=!DEER!.P!*&L&=(&*!=33*!X&+&*'3=+!
248=!>&:./&= G#1(9*+)-`&!74(?*&4+4=>!)3=!+&!<7*.Q&@&!Y=4&!/33:(!K&(!)..*!9&*:=&/&*@!@(&&+@!
/3::&'48:&*!./!4=!X&+&*'3=+!(&!>33=!9&*:&=!&=!K&&P(!&&=!@(&*:!(.&=&/&=+!
33=(3'!\3*?&4+@]/4>*3=(&=!74(!+&!$S<T'3=+&=!(.(!>&).'>#!H=!DEEN!:./&=!
).'>&=@!+&!.PP4L4Z'&!/4>*3(4&T!&=!?&).':4=>@@(3(4@(4&:!)3=!K&(!h-0!.=>&)&&*!
R#VEE!$S<T'3=+&*@!=33*!X&+&*'3=+#!H=!DEEM!:./&=!&*!/33*!'4&P@(!DU#EEE!
4//4>*3=(&=!74(!+&!$S<T'3=+&=!=33*!X&+&*'3=+#![&(!>33(!+33*?48!
)..*=3/&'48:!./!O.'&=!\GR#EEE]A!-7'>3*&=!\V#GEE]!&=!1.&/&=&=!\D#VEE]#!!
!

[&(!33=(3'!.PP4L4&&'!4=!X&+&*'3=+!>&)&@(4>+&!Q&*@.=&=!/&(!&&=!=3(4.=3'4(&4(!

)3=!&&=!)3=!+&!$S<T'3=+&=!4@!3'@!>&).'>!)3=!+&2&!4//4>*3(4&!@4=+@!GFFU!
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
G

!C..*!&&=!=3+&*&!(.&'4LK(4=>!.Q!+&2&!?&>*4QQ&=!9.*+(!)&*9&2&=!=33*!+&!?&>*4QQ&='48@(!
4=!?48'3>&!G#!

M!

1*2,"+*334")-

/&&*!+3=!)&*2&@).7+4>+!)3=!*74/!GE#EEE!4=!GFFU!(.(!?48=3!UV#EEE!4=!DEEF# D!
O.'&=!).*/&=!+33*?4==&=!&&=!*74/&!/&&*+&*K&4+!\VVi]#!"=+&*&!>*.(&!
>*.&Q&=!248=!+&!-7'>3*&=!\GUi]!&=!+&!1.&/&=&=!\GEi]#!!
!

X33@(!+&2&!/4>*3=(&=!+4&!24LK!.PP4L4&&'!4=!X&+&*'3=+!)&@(4>&=!4@!&*!&&=!

./)3=>*48:&!>*.&Q!3*?&4+@/4>*3=(&=!+4&!=4&(!4=!+&!.PP4L4Z'&!
?&).':4=>@@(3(4@(4&:!)..*:./(!./+3(!248!24LK!=4&(!4=!+&!;&/&&=(&'48:&!
-3@4@3+/4=4@(*3(4&!\:7==&=]!'3(&=!4=@LK*48)&=#!Y4(!L48P&*@!)3=!K&(!Y%C!?'48:(!
+3(!&*!4=!+&L&/?&*!DEEMA!MI#EEE!9&*:=&/&*@!74(!+&!$S<T'3=+&=!4=!
X&+&*'3=+!K&??&=!>&9&*:(!+4&!=4&(!248=!4=>&@LK*&)&=!4=!+&!;-"#N!`33*=33@(!
9&*:&=!&*!4=!X&+&*'3=+!=33*!@LK3((4=>!I#EEE!9&*:=&/&*@!/&(!&&=!O..'@T
`74(@&!=3(4.=3'4(&4(!&=!.=>&)&&*!I#IEE!.=+&*=&/&*@!74(!&&=!)3=!+&!$S<T
'3=+&=!4=!X&+&*'3=+!+4&!=4&(!4=!+&!;-"!248=!>&*&>4@(*&&*+#!<4=+!DEEM!9&*:&=!
&*!=33*!@LK3((4=>!+7@!*74/!GEE#EEE!$S<T'3=+&*@!4=!X&+&*'3=+!+4&!=4&(!4=!+&!
;-"!248=!4=>&@LK*&)&=!&=!+7@!=4&(!4=!+&!.PP4L4Z'&!?&).':4=>@@(3(4@(4&:&=!)3=!
K&(!h-0!248=!.Q>&=./&=#!!
!

J&''&=!9&!+&2&!*74/!GEE#EEE!=4&(!4=!+&!;-"!>&*&>4@(*&&*+&!

3*?&4+@/4>*3=(&=!.Q!?48!+&!?48=3!UV#EEE!4=!+&!;-"!>&*&>4@(*&&*+&!/4>*3=(&=!
+3=!93*&=!&*!Q&*!G!83=73*4!DEEF!=33*!@LK3((4=>!GUV#EEE!Q&*@.=&=!/&(!&&=!
=3(4.=3'4(&4(!)3=!&&=!)3=!+&!$S<T'3=+&=!4=!X&+&*'3=+#!
!

`33*=33@(!248=!&*!$S<T'3=+&*@!+4&!=4&(!248=!>&*&>4@(*&&*+!4=!+&!;-"!&=!..:!

=4&(!4=!3=+&*&!*&>4@(*3(4&@!)..*:./&=!./+3(!2&!?48)..*?&&'+!9&*:&=!)43!
/3'3P4+&!?&/4++&'33*@#!<&=!?&(*.79?3*&!@LK3((4=>!)3=!+&!./)3=>!)3=!+&2&!
'33(@(&!>*.&Q!:3=!.Q!?3@4@!)3=!+4(!.=+&*2.&:!=4&(!9.*+&=!>&/33:(#!!
!
!78,$")"2+&`&!*&L&=(&!3*?&4+@/4>*3=(&=!+4&!33=!.=@!:93=(4(3(4&)&!.=+&*2.&:!K&??&=!
/&&>&9&*:(!248=!>&/4++&'+!>&=./&=!8.=>#!`&!>&/4++&'+&!'&&P(48+!4@!NEAV!
833*#!S=+&*!+&!*&@Q.=+&=(&=!?&)4=+&=!24LK!/&&*!/3==&=!\VIi]!+3=!
)*.79&=!\RNi]#!!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
D

!! `4(!?&(*&P(!&&=!(&''4=>!)3=!+&!4=!+&!;-"!4=>&@LK*&)&=!Q&*@.=&=!/&(!&&=!O..'@&A!
[.=>33*@&A!J@8&LK4@LK&A!0'.933:@&A!<@(@&A!5&(@&A!54(.79@&A!0'.)&&=@&A!-7'>33*@&!.P!
1.&/&&=@&!=3(4.=3'4(&4(#!`&!./)3=>!)3=!+&!Q.Q7'3(4&!4=!+&!;-"!>&*&>4@(*&&*+&!
$S<T'3=+&*@!4@!@(&*:!3PK3=:&'48:!)3=!+&!>&:.2&=!+&P4=4(4&#!SQ!?3@4@!)3=!=3(4.=3'4(&4(!
(&'(!X&+&*'3=+!Q&*!G!83=73*4!DEEF!?48=3!UV#EEE!$S<T'3=+&*@#!SQ!+&2&'P+&!Q&4'+3(7/!
@(33=!&*!FE#EEE!Q&*@.=&=!4=!+&!;-"!>&*&>4@(*&&*+!+4&!248=!>&?.*&=!4=!&&=!)3=!+&!
$S<T'3=+&=#!SQ!?3@4@!)3=!+&!+&P4=4(4&!)3=!>&?..*(&'3=+!248=!&*!+7@!DV#EEE!$S<T
'3=+&*@!/&&*!+3=!.Q!?3@4@!)3=!=3(4.=3'4(&4(#!`4(!248=!/&(!=3/&!$S<T'3=+&*@!+4&!
*&&+@!>&*74/&!(48+!4=!X&+&*'3=+!9.=&=!&=!(.(!X&+&*'3=+&*!248=!>&=3(7*3'4@&&*+#!
C..*!+4(!.=+&*2.&:!933*!K&(!>33(!./!*&L&=(&!3*?&4+@/4>*3=(&=!4@!+&!+&P4=4(4&!.Q!
?3@4@!)3=!=3(4.=3'4(&4(!K&(!/&&@(!*&'&)3=(#!!
N
!! X4&(!3''&!9&*:=&/&*@!K&??&=!+&!>&K&'&!+&L&/?&*/33=+!>&9&*:(#![&(!33=(3'!
9&*:=&/&*@!.Q!&&=!@Q&L4P4&:&!Q&4'+3(7/!4@!+7@!'3>&*#!SQ!?3@4@!)3=!+&!=4&(!>&K&&'!
?&(*.79?3*&!?&>4=!&=!&4=++3(7/!4@!?&*&:&=+!+3(!&*!Q&*!GV!+&L&/?&*!DEEM!)..*!
MG#REE!=4&(!4=!+&!;-"!>&*&>4@(*&&*+&!$S<T'3=+&*@!'..=?&'3@(4=>!9&*+!3P>&+*3>&=#!
F!

1*2,"+*334")-

!

174/!&&=!:93*(!)3=!+&!$S<T'3=+&*@!4@!3''&&=@(33=+#!`&!/&&@(&!

*&@Q.=+&=(&=!K&??&=!&&=!Q3*(=&*!+4&!4=!+&!/&&@(&!>&)3''&=!..:!?48!K&/j!
K33*!4=!X&+&*'3=+!9..=(#!H=!)&&'!>&)3''&=!9&*:(!+&2&!Q3*(=&*!..:#!C3=!*74/!
&&=!:93*(!)3=!+&!*&@Q.=+&=(&=!/&(!Q3*(=&*!9..=(!+&!Q3*(=&*!4=!K&(!
K&*:./@('3=+#!!
!

C3=!+&!*&@Q.=+&=(&=!K&&P(!K&(!/&*&=+&&'!>&&=!:4=+&*&=#!C3=!+&!

/4>*3=(&=!+4&!9&'!:4=+&*&=!K&??&=A!K&??&=!+&!/&&@(&!G!k!D!:4=+&*&=#!C33:!
9.=&=!+&2&!:4=+&*&=!=.>!4=!K&(!K&*:./@('3=+#!-48!*74/!&&=!:93*(!)3=!+&!
/4>*3=(&=!/&(!:4=+&*&=!9.=&=!+&!:4=+&*&=!?48!+&!3*?&4+@/4>*3=(!4=!
X&+&*'3=+#!X33*/3(&!/&=!'3=>&*!4=!X&+&*'3=+!)&*?'48P(A!9..=(!/&=!K4&*!
)3:&*!/&(!&&=!Q3*(=&*!&=j!.P!:4=+&*&=#!
/%)"*,%$)$'78%$&$+%'-`&!*&@Q.=+&=(&=!4@!>&)*33>+!93==&&*!248!)..*!K&(!&&*@(!4=!X&+&*'3=+!248=!
:./&=!9&*:&=#!`&!.)&*>*.(&!/&&*+&*K&4+!)3=!+&!*&@Q.=+&=(&=!\FEi]!4@!=3!
+&!74(?*&4+4=>!)3=!+&!<7*.Q&@&!Y=4&!4=!DEER!)..*!+&!&&*@(&!:&&*!=33*!
X&+&*'3=+!>&:./&=!./!(&!9&*:&=#!!
!

[&(!/&*&=+&&'!)3=!+&!*&@Q.=+&=(&=!\UEi]!K&&P(!3''&&=!4=!X&+&*'3=+!

>&9&*:(#!`33*)3=!4@!+&!K&'P(!/&&*+&*&!:&*&=!4=!X&+&*'3=+!>&9&&@(#!`&!
/&&@(!>&=.&/+&!*&+&=&=!./!)..*!X&+&*'3=+!(&!:4&2&=!93*&=a!./+3(!&*!K4&*!
9&*:!?&@LK4:?33*!93@A!&=j!.P!./!K&(!'..=#!C3=!+&!*&L&=(&!3*?&4+@/4>*3=(&=!
K&&P(!RE!Q*.L&=(A!=33@(!4=!X&+&*'3=+A!(&)&=@!4=!&&=!3=+&*!'3=+!>&9&*:(a!
+33*?48!>33(!K&(!/&(!=3/&!./!`74(@'3=+!&=j.P!./!K&(!C&*&=4>+!W.=4=:*48:#!
174/!+&!K&'P(!\VDi]!)3=!+&!$S<T'3=+&*@!K&&P(!4=!K&(!?74(&='3=+!4=!+&!'3=+T!
&=!(74=?.79@&L(.*!>&9&*:(#!S.:!+&!?.79A!4=+7@(*4&!&=!)&*).&*!&=!.Q@'3>!248=!
@&L(.*&=!933*4=!*&'3(4&P!)&&'!$S<T'3=+&*@!4=!K&(!?74(&='3=+!K&??&=!>&9&*:(#!!
!

!<&=!:'&4=&!/&&*+&*K&4+!)3=!+&!*&@Q.=+&=(&=!\VMi]!+4&!4=!X&+&*'3=+!4@A!

2&>(!>&/4++&'+!=7'!:&&*!Q&*!833*!(&*7>!(&!:&*&=!=33*!K&(!K&*:./@('3=+!./!&*!
(&!9&*:&=#!`&!/4>*3=(&=!+4&!9&'!(&*7>>33=!./!(&!9&*:&=A!>33=!)33:!)..*!
@'&LK(@!&&=!Q33*!9&:&=!(&*7>#!`&!.)&*>*.(&!/&&*+&*K&4+!)3=!+&!$S<T'3=+&*@!
\FRi]!>33(!*&>&'/3(4>!./!&&=!3=+&*&!*&+&=!+3=!9&*:!2.3'@!)3:3=(4&!&=!
P3/4'4&?&2.&:!(&*7>!=33*!K&(!K&*:./@('3=+#!-48=3!+&!K&'P(!\RVi]!)3=!+&!
*&@Q.=+&=(&=!*&4@(!K4&*)..*!+*4&!:&&*!Q&*!833*!.P!)3:&*!3P!=33*!K&(!
K&*:./@('3=+#![&(!/&*&=+&&'!\UIi]!?'48P(!2._=!ll=!(.(!(9&&!9&:&=!4=!K&(!
K&*:./@('3=+!&=!:./(!+3=!9&&*!(&*7>#!!
!
146$%&%+)$&&*!+3=!+&!K&'P(!)3=!+&!*&@Q.=+&=(&=!K&&P(!&&=!.Q'&4+4=>!3P>&*.=+!+4&!
)&*>&'48:?33*!4@!/&(!K3).A!)9.!.P!/?.#!-48=3!&&=!:93*(!K&&P(!&&=!.Q'&4+4=>!

GE!

1*2,"+*334")-

.Q!)/?.!=4)&37!&=!&&=!)48P+&!.Q![-S!.P!7=4)&*@4(34*!=4)&37#!;&/4++&'+!
>&=./&=!248=!248!+33*/&&!4&(@!'3>&*!.Q>&'&4+!+3=!+&!37(.LK(.=&!X&+&*'3=+@&!
?&).':4=>!/33*!33=24&='48:!K.>&*!.Q>&'&4+!+3=!3=+&*&!>*.(&!3''.LK(.=&!
>*.&Q&=!2.3'@!J7*:&=!&=!$3*.::3=&=#!!
!
!"#$%&H=!+4(!.=+&*2.&:!4@!2.9&'!+&!K74+4>&!3*?&4+@Q.@4(4&!3'@!+4&!4=!K&(!
K&*:./@('3=+!)..*!)&*(*&:!4=!:33*(!>&?*3LK(#!!
-

C..*+3(!+&!*&L&=(&!$S<T'3=+&*@!)..*!K&(!&&*@(!=33*!K&(!?74(&='3=+!

)&*(*.::&=!./!&*!(&!>33=!9&*:&=A!K3+!?48=3!(9&&+&*+&!&&=!?33=A!DE!Q*.L&=(!
93@!@(7+&=(!.P!@LK.'4&*A!+&!*&@(!93@!9&*:2.&:&=+!.P!9&*:233/!4=!K&(!
K74@K.7+&=#!-48=3!UE!Q*.L&=(!)3=!+&!*&@Q.=+&=(&=!9&*:(&!4=!K&(!
K&*:./@('3=+!4=!&'&/&=(34*&!&=!'3>&*&!?&*.&Q&=!&=!?48=3!&&=!+&*+&!4=!
/4++&'?3*&!?&*.&Q&=#!174/@LK..(@!+&!K&'P(!)3=!+&!$S<T'3=+&*@!9&*:(&!4=!
K&(!K&*:./@('3=+!.Q!K&(!=4)&37!933*)..*!K48!.Q>&'&4+!93@#!
H=!X&+&*'3=+!K&&P(!/./&=(&&'!?48=3!FV!Q*.L&=(!)3=!+&!*&@Q.=+&=(&=!&&=!
?33=#!`&2&!2&&*!K.>&!3*?&4+@Q3*(4L4Q3(4&!4@!=4&(!)&*9.=+&*'48:!33=>&24&=!+&!
+.&'>*.&Q!)3=!+4(!.=+&*2.&:!3*?&4+@/4>*3=(&=!?&(*&P(#!`&!3*?&4+@/4>*3=(&=!
248=!)..*=3/&'48:!9&*:233/!4=!P'&e4?&'&!3*?&4+@*&'3(4&@#!174/!RE!Q*.L&=(!
9&*:(!)43!&&=!74(2&=+?7*&37A!?48=3!&&=!+&*+&!K&&P(!&&=!(48+&'48:!L.=(*3L(!&=!
*74/!GD!Q*.L&=(!K&&P(!&&=!)3@(!L.=(*3L(#!C3=!+&!$S<T'3=+&*@!K&&P(!*74/!&&=!
(4&=+&!&&=!&4>&=!?&+*48P#!J&=@'.((&!>&&P(!&&=!:'&4=!+&&'!)3=!+&!*&@Q.=+&=(&=!
\NAVi]!33=!74(@'74(&=+!293*(!(&!9&*:&=#!C3=!+&!-7'>33*@&!&=!1.&/&&=@&!
/4>*3=(&=!9&*:(!&&=!*&'3(4&P!>*..(!+&&'!.Q!?3@4@!)3=!&&=!(48+&'48:!L.=(*3L(!
\RGi]!&=!K&&P(!@'&LK(@!&&=!?&Q&*:(&!>*.&Q!&&=!33=@(&''4=>!?48!&&=!
74(2&=+?7*&37!\Ii]#!S=+&*!-7'>3*&=!&=!1.&/&=&=!4@!K&(!33=+&&'!
2&'P@(3=+4>&=!/&(!NG!Q*.L&=(!33=24&='48:!>*.(&*!+3=!.=+&*!+&!O.'&=!\Ii]#!
-7'>3*&=!&=!1.&/&=&=!>&)&=!?.)&=+4&=!)&&'!)3:&*!+3=!O.'&=!33=!
\74(@'74(&=+]!293*(!(&!9&*:&=#!-&4+&!)&*@LK4''&=!248=!933*@LK48='48:!>&*&'3(&&*+!
33=!+&!Q.@4(4&!933*4=!+&2&!>*.&Q&=!)&*:&*&=#!"*?&4+@/4>*3=(&=!74(!+&!$S<T
'3=+&=!+4&!4=!DEER!(.(!+&!<7*.Q&@&!Y=4&!248=!(.&>&(*&+&=A!2.3'@!K&(!>&)3'!4@!
?48!+&!O.'&=A!/.>&=!@4=+@!G!/&4!DEEI!2.=+&*!(&9&*:@(&''4=>@)&*>7==4=>!4=!
X&+&*'3=+!9&*:&=#!"*?&4+@/4>*3=(&=!74(!1.&/&=4Z!&=!-7'>3*48&!K&??&=!
&LK(&*!=.>!9&'!&&=!(&9&*:@(&''4=>@)&*>7==4=>!=.+4>!./!4=!X&+&*'3=+!4=!
'..=+4&=@(!(&!/.>&=!9&*:&=#!C..*!2&'P@(3=+4>!.=+&*=&/&*@!>&'+(!+&2&!
)&*Q'4LK(4=>!=4&(#!C..*!@.//4>&!/4>*3=(&=!74(!1.&/&=4Z!&=!-7'>3*48&!4@!
9&*:&=!)..*!&4>&=!*&:&=4=>!T.P!293*(!9&*:&=T!+33*+..*!+&!&=4>&!
/.>&'48:K&4+!./!4=!X&+&*'3=+!(&!:7==&=!9&*:&=#!

GG!

1*2,"+*334")-

!

-48=3!+&!K&'P(!\RIi]!)3=!+&!*&@Q.=+&=(&=!9&*:(!K4&*!4=!X&+&*'3=+!4=!+&!

'3=+T!&=!(74=?.79#!`33*=33@(!248=!*&'3(4&P!)&&'!*&@Q.=+&=(&=!9&*:233/!4=!+&!
4=+7@(*4&!\GVi]!&=!?.79!\GDi]#![&(!?&(*&P(!4=!K&(!3'>&/&&=!
'33>>&:93'4P4L&&*+!9&*:#!$&&*!+3=!+*4&:93*(!)3=!+&!$S<T'3=+&*@!K&&P(!&&=!
?&*.&Q!)3=!&'&/&=(34*!.P!'33>!=4)&37#!`&!$S<T'3=+&*@!4=!.=@!.=+&*2.&:!248=!
4=!)&*>&'48:4=>!/&(!37(.LK(.=&=!@'&LK(@!4&(@!'3>&*!.Q>&'&4+A!/33*!+.&=!4=!K&(!
3'>&/&&=!'33>>&:93'4P4L&&*+!9&*:#![&(!9&:(!+3=!..:!>&&=!)&*?324=>!+3(!NF!
Q*.L&=(!)3=!+&!*&@Q.=+&=(&=!2&>(!(&!9&*:&=!.=+&*!K&(!=4)&37!933*)..*!/&=!
4@!.Q>&'&4+#!<*!4@!+7@!@Q*3:&!)3=!&&=!33=24&='48:&!.=+&*?&=7((4=>#!`33*=33@(!
+.&(!?48=3!&&=!:93*(!9&*:!+3(!=4&(!4=!'48=!'4>(!/&(!248=!.Q'&4+4=>#!0'&LK(@!G!
Q*.L&=(!2&>(!9&*:!(&!+.&=!+3(!)3=!&&=!K.>&*!=4)&37!4@!+3=!933*)..*!/&=!4@!
.Q>&'&4+#!!
!

`&!3*?&4+@/4>*3=(&=!74(!+&!$S<T'3=+&=!/3:&=!)33:!'3=>&!+3>&=!&=!

9&*:&=!=33*!&4>&=!2&>>&=!*&>&'/3(4>!/&&*!+3=!V!+3>&=!Q&*!9&&:#!6.!9&*:(!
*74/!&&=!+&*+&!)3=!+&!*&@Q.=+&=(&=!>&/4++&'+!(7@@&=!+&!RE!&=!VE!77*!Q&*!
9&&:!&=!M!Q*.L&=(!2&'P@!/&&*!+3=!VE!77*!Q&*!9&&:#!
!

-48=3!+&!K&'P(!)3=!+&!*&@Q.=+&=(&=!K&&P(!9&*:!>&).=+&=!4=!X&+&*'3=+!)43!

248=!=&(9&*:!)3=!P3/4'4&A!)*4&=+&=!&=!:&==4@@&=#!"=+&*&!?&'3=>*48:&!:3=3'&=!
./!9&*:!(&!)4=+&=!248=!+&!74(2&=+?7*&37@!\GMi]!&=!4=(&*=&(!\GRi]#!
!
[%+*+7%\6$-'%,.*,%$-`&!$S<T'3=+&*@!)&*+4&=&=!>&/4++&'+!GRME!&7*.!?*7(.!Q&*!/33=+#![4&*!
K.7+&=!248!>&/4++&'+!GGRE!&7*.!=&((.!33=!.)&*#!O&*!77*!)&*+4&=&=!+&!
*&@Q.=+&=(&=!>&/4++&'+!FAIE!&7*.!?*7(.#!53=>&!(&*/48=!/4>*3=(&=!)&*+4&=&=!
/&&*!+3=!:.*(&!(&*/48=!/4>*3=(&=A!O.'&=!)&*+4&=&=!/4=+&*!+3=!/4>*3=(&=!74(!
-7'>3*48&!&=!1.&/&=4Z!&=!)*.79&=!/4=+&*!+3=!/3==&=#!`&2&!
4=:./&=@)&*@LK4''&=!248=!+&&'@!K&(!>&).'>!)3=!K&(!)&*@LK4'!4=!
3*?&4+@/3*:(Q.@4(4&!)3=!+&!+4)&*@&!>*.&Q&=#!6.!9&*:(!&&=!*&'3(4&P!>*..(!+&&'!
)3=!+&!O..'@&!/4>*3=(&=!3'@!@&42.&=@3*?&4+&*!4=!+&!'3=+?.79A!&&=!@&L(.*!/&(!
2&&*!)&&'!'33>>&:93'4P4L&&*+!&=!'33>?&(33'+!9&*:#!$4>*3=(&=!74(!+&!.)&*4>&!
$S<T'3=+&=!9&*:&=!874@(!*&'3(4&P!)33:!4=!3=+&*&!@&L(.*&=!933*!\4&(@]!/&&*!
9.*+(!?&(33'+#!`33*=33@(!9&*:&=!*&'3(4&P!)&&'!-7'>3*&=!&=!1.&/&=&=!)..*!
&4>&=!*&:&=4=>A!(&*948'!*&'3(4&P!)&&'!O.'&=!4=!+4&=@(!248=!?48!&&=!74(2&=+?7*&37#!!
!

<&=!33=24&='48:!+&&'!)3=!4=:./@(&=!>33(!.Q!33=!9..='3@(&=!&=!:.@(&=!

)..*!'&)&=@.=+&*K.7+#!J.LK!@'33>(!+&!>&/4++&'+&!/4>*3=(!&*4=!./!(&!@Q3*&=!
&=!+33*=33@(!>&'+!=33*!K74@!(&!@(7*&=#!
!

`&!K74+4>&!P4=3=L4Z'&!@4(73(4&!)3=!+&!/4>*3=(&=!4@!>&/4++&'+!>&=./&=!

?&(&*!+3=!4=!K&(!K&*:./@('3=+#!C..*!/&&*!+3=!+&!K&'P(!)3=!+&!*&@Q.=+&=(&=!
4@!+&!@4(73(4&!=7!\33=24&='48:]!)&*?&(&*+!(&=!.Q24LK(&!)3=!+&!P4=3=L4Z'&!@4(73(4&!

GD!

1*2,"+*334")-

4=!K&(!'3=+!)3=!K&*:./@(#!H=!K&(!K&*:./@('3=+!)&*+4&=+&!K&(!/&*&=+&&'!)3=!
+&!*&@Q.=+&=(&=!(7@@&=!+&!DVE!&=!+&!GEEE!&7*.!Q&*!/33=+#!!
!

`&!.)&*>*.(&!/&&*+&*K&4+!)3=!+&!*&@Q.=+&=(&=!K&&P(!&&=!

24&:(&:.@(&=)&*2&:&*4=>A!933*)3=!+&!/&&@(&!4=!X&+&*'3=+#!174/!GG!Q*.L&=(!
4@!=33*!&4>&=!2&>>&=!=4&(!)&*2&:&*+!(&>&=!24&:(&:.@(&=#!$&&*!+3=!MV!Q*.L&=(!
)3=!+&!$S<T'3=+&*@!?&(33'(!=33*!&4>&=!2&>>&=!?&'3@(4=>#!-48=3!U!Q*.L&=(!
?&(33'(!>&&=!?&'3@(4=>!&=!?48=3!M!Q*.L&=(!)3=!+&!*&@Q.=+&=(&=!9&&(!K&(!=4&(!
.P!94'!&*!=4&(@!.)&*!2&>>&=#!`33*&=(&>&=!+*33>(!@'&LK(@!4&(@!/&&*!+3=!+&!
K&'P(!)3=!+&!/4>*3=(&=!Q&=@4.&=Q*&/4&!3P#!<*!4@!/&(!=3/&!.)&*!+&!3P+*3LK(!
)3=!Q&=@4.&=Q*&/4&!)&&'!.=+74+&'48:K&4+#!174/!&&=!:93*(!)3=!+&!O.'&=!2&>(!
?48)..*?&&'+!=4&(!(&!9&(&=!.P!&*!Q&=@4.&=Q*&/4&!9.*+(!3P>&+*3>&=#!
!
]2+$+-C3=!+&!*&L&=(&!3*?&4+@/4>*3=(&=!+4&!33=!.=@!.=+&*2.&:!K&??&=!/&&>&9&*:(!
9..=(!K&(!/&*&=+&&'!4=!&&=!:3/&*!\RDi]!.P!4=!&&=!2&'P@(3=+4>&!9..=*74/(&!
\NMi]#!174/!&&=!.Q!+&!(4&=!)3=!+&!*&@Q.=+&=(&=!9..=(!4=!&&=!K.\@](&'!.P!
Q&=@4.=A!+&!*&@(!4=!&&=!L3*3)3=A!9..=93>&=A!*&L*&3(4&T!.P!)3:3=(4&9.=4=>#!
`&!/&&@(&!$S<T'3=+&*@!/.&(&=!K7=!:3/&*!/&(!ll=!.P!/&&*+&*&!Q&*@.=&=!
+&'&=# R!!
!

`&!K&'P(!)3=!+&!*&@Q.=+&=(&=!K&&P(!248=!9.=4=>!>&).=+&=!)43!248=!

9&*:>&)&*!.P!K&(!74(2&=+?7*&37#!
!

H=!+4(!.=+&*2.&:!9.*+(!&*!..:!@(4'>&@(33=!?48!+&!(&)*&+&=K&4+!)3=!+&!

/4>*3=(&=!/&(!K7=!9.=4=>#!`&!K&'P(!)3=!+&!3*?&4+@/4>*3=(&=!4@!\2&&*]!
(&)*&+&=!/&(!248=!9.=4=>A!&&=!:93*(!\2&&*]!.=(&)*&+&=#!`&!*&@Q.=+&=(&=!+4&!
4=!&&=!2&'P@(3=+4>&!9..=*74/(&!9.=&=A!248=!K&(!)33:@(!\2&&*]!(&)*&+&=!/&(!
K7=!9..=*74/(&#![&(!/&&@(!.=(&)*&+&=!248=!+&!*&@Q.=+&=(&=!+4&!4=!&&=!
L3*3)3=!.P!9..=93>&=!9.=&=#!
!

S.:!4@!&*!&&=!@3/&=K3=>!(7@@&=!K&(!33=(3'!:3/&*>&=.(&=!&=!+&!

(&)*&+&=K&4+!/&(!+&!9..=*74/(&#!X33*/3(&!/&=!/&(!/&&*!/&=@&=!&&=!
:3/&*!+&&'(#!4@!/&=!/4=+&*!(&)*&+&=!/&(!248=!9..=*74/(&#!`&!*&@Q.=+&=(&=!
>&)&=!33=!K&(!/&&@(&!?&K.&P(&!(&!K&??&=!33=!/&&*!Q*4)3LdA!&&=!>.&+:.Q&*&!
9.=4=>!&=!&&=!9.=4=>!)..*!K&=2&'P!\&=!K&(!>&24=]#!
<*!'48:(!.=+&*!+&!*&@Q.=+&=(&=!@Q*3:&!(&!248=!)3=!&&=!9..=L3**4m*&#!X33*/3(&!
/&=!&*!'3=>&*!4@A!K&&P(!/&=!=3/&'48:!)3:&*!&&=!2&'P@(3=+4>&!9..=*74/(&A!
+&&'(!/&=!/4=+&*!)33:!&&=!:3/&*!/&(!3=+&*&=A!?&(33'(!/&=!>&/4++&'+!
/&&*!K77*!&=!4@!/&=!>&/4++&'+!/&&*!(&)*&+&=#!!
!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
R

![&(!?&(*&P(!K4&*!3=+&*&!Q&*@.=&=!+3=!K7=!Q3*(=&*#!

GN!

1*2,"+*334")-

V27%**607.6,."$6$-%+,$)"*,%$S/!+&!@.L433'TL7'(7*&'&!4=(&>*3(4&!4=!:33*(!(&!?*&=>&=!9.*+(!&*!(&=!&&*@(&!
@(4'>&@(33=!?48!+&!(33'?&K&&*@4=>!)3=!+&!$S<T'3=+&*@#!C3=!+&!/4>*3=(&=!
K&&P(!+&!/&&*+&*K&4+!>&&=!X&+&*'3=+@!>&'&&*+#!<&=!)48P+&!K&&P(!&&=!
(33'L7*@7@!>&).'>+#!`*4&:93*(!)3=!+&!$S<T'3=+&*@!@Q*&&:(!+3=!..:!>&&=!(.(!
/3(4>!X&+&*'3=+@#!`&!*&L&=(&!3*?&4+@/4>*3=(&=!@Q*&:&=!?&(&*!<=>&'@!&=j.P!
`74(@#!%&'!24&=!9&!+3(!K.&!'3=>&*!+&!*&@Q.=+&=(&=!4=!X&+&*'3=+!248=A!K.&!
?&(&*!K7=!X&+&*'3=+@!4@#!!
!

$&&*!+3=!+&!K&'P(!)3=!+&!$S<T'3=+&*@!@Q*&&:(!\?48=3]!=..4(!X&+&*'3=+@!.Q!

K&(!9&*:#!$&(!)*4&=+&=!&=!:&==4@@&=!9.*+(!=.>!/4=+&*!)33:!X&+&*'3=+@!
>&@Q*.:&=#!J.LK!2&>(!&&=!>*..(!+&&'!24LK!3'(48+!.P!/&&@(3'!(&!:7==&=!*&++&=!
/&(!248=!K74+4>&!(33'?&K&&*@4=>#!`&!.)&*>*.(&!/&&*+&*K&4+!)3=!+&!$S<T
'3=+&*@!2.7!&LK(&*!9&'!\?&(&*]!X&+&*'3=+@!94''&=!'&*&=!&=!94'!\/&&*]!.)&*!+&!
X&+&*'3=+@&!L7'(77*!'&*&=#!!
!

"=+&*&!4=+4L3(.*&=!)..*!@.L433'TL7'(7*&'&!4=(&>*3(4&!).*/&=!+&!/3(&!&=!+&!

&(=4@LK&!@4>=3(77*!)3=!+&!@.L43'&!L.=(3L(&=#!SQ!K&(!9&*:!K&??&=!+&!*&L&=(&!
3*?&4+@/4>*3=(&=!74(!+&!$S<T'3=+&=!K&(!/&&@(!L.=(3L(!/&(!37(.LK(.=&!
X&+&*'3=+&*@!.P!'3=+>&=.(&=#!$&=!K&&P(!.Q!K&(!9&*:!/4=+&*!L.=(3L(!/&(!
3=+&*&!S.@(T<7*.Q&3=&=!&=!J7*:&=A!07*4=3/&*@A!$3*.::3=&=A!&(L#!H=!+&!948:!
K&&P(!/&=!..:!K&(!/&&@(!L.=(3L(!/&(!'3=+>&=.(&=!&=!37(.LK(.=&!
X&+&*'3=+&*@#!H=!K7=!)*48&!(48+!K&??&=!+&!3*?&4+@/4>*3=(&=!&LK(&*!)&*74(!K&(!
/&&@(&!L.=(3L(!/&(!'3=+>&=.(&=!&=!=379&'48:@!L.=(3L(!/&(!J7*:&=A!
$3*.::3=&=A!07*4=3/&*@A!&(L#!!
!

[&(!9&*:!4@!+7@!&&=!Q'33(@!933*!/&=!*&'3(4&P!)3:&*!4=!L.=(3L(!:./(!/&(!

)&*@LK4''&=+&!>*.&Q&=A!+3=!4=!+&!948:!.P!4=!+&!)*48&!(48+#!
!

`&!$S<T'3=+&*@!?&@(&+&=!+&!/&&@(&!)*48&!(48+!33=!3L(4)4(&4(&=!+4&!/&=!

4=+4)4+7&&'!&=!?4==&=@K74@!:3=!+.&=!2.3'@!'&2&=A!()!:48:&=!.P!/724&:!
'74@(&*&=A!4=(&*=&((&=!.P!L./Q7(&*&=#!J&=@'.((&!@(33(!94=:&'&=!4=!+&!(.QTN!)3=!
)*48&T(48+@?&@(&+4=>#!!
!
[%+*+7%\6$-7"%'%'SQ!?3@4@!)3=!+&!+4&Q(&T4=(&*)4&9@!/&(!/4>*3=(&=!&=!>&@Q*&::&=!/&(!
@'&7(&'Q&*@.=&=!4@!>&&=!&&=+74+4>!?&&'+!(&!>&)&=!)3=!+&!&PP&L(&=!)3=!+&!
&L.=./4@LK&!L*4@4@!.Q!+&!./)3=>!)3=!+&!3*?&4+@/4>*3(4&#!<=&*248+@!248=!&*!
33=94824=>&=!+3(!K&(!)..*!3*?&4+@/4>*3=(&=!33=24&='48:!/.&4'48:&*!4@!./!9&*:!
(&!)4=+&=!4=!X&+&*'3=+A!3=+&*248+@!'48:&=!3*?&4+@/4>*3=(&=!74(!+&!$S<T'3=+&=!
*&'3(4&P!/4=+&*!K3*+!>&*33:(!(&!9.*+&=!+..*!+&!L*4@4@!./+3(!248!(&!?.&:!@(33=!
3'@!Q*.+7L(4&)&!&=!*&'3(4&P!>.&+:.Q&!3*?&4+@:*3LK(&=#!!
!

GR!

1*2,"+*334")-

^2$R2(',46*++$+S/!4=24LK(!(&!:*48>&=!4=!+&!/3(&!)3=!(48+&'48:K&4+!)3=!K&(!)&*?'48P!)3=!+&!
*&L&=(&!3*?&4+@/4>*3=(&=!74(!+&!$S<T'3=+&=!4=!X&+&*'3=+!K&??&=!9&!+&!
*&@Q.=+&=(&=!>&)*33>+!&&=!4=@LK3((4=>!(&!/3:&=!)3=!+&!(&*/48=!+4&!2&!4=!
X&+&*'3=+!94''&=!?'48)&=!9&*:&=#!%&!24&=!+3(!.=>&)&&*!&&=!+&*+&!\NGi]!)3=!
+&!*&@Q.=+&=(&=!=4&(!9&&(!.P!&=!K.&!'3=>!2&!=.>!4=!X&+&*'3=+!94''&=!?'48)&=#!
174/!&&=!+&*+&!\NUi]!+&=:(!K4&*!:.*(&*!+3=!D!833*!(&!?'48)&=A!?48=3!DE!
Q*.L&=(!+&=:(!'3=>&*!+3=!D!833*!/33*!:.*(&*!+3=!GE!833*!(&!?'48)&=#!`&!
*&@(&*&=+&!GR!Q*.L&=(!94'!(.(!248=!Q&=@4.&=!4=!X&+&*'3=+!?'48)&=!9&*:&=!&=j.P!
24LK!K4&*!Q&*/3=&=(!)&@(4>&=#!!
!

GV!

Z225&',.R->!

>D>!

U+6$%&%+)-

U+6$%&%+)X&+&*'3=+!K&&P(!@4=+@!&=:&'&!83*&=A!=&(!3'@!3=+&*&!%&@(T<7*.Q&@&!'3=+&=A!(&!
/3:&=!/&(!&&=!>*.&4&=+&!4=@(*../!)3=!(48+&'48:&!&=!Q&*/3=&=(&!
3*?&4+@/4>*3=(&=!74(!O.'&=!&=!3=+&*&!$4++&=T!&=!S.@(T<7*.Q&@&!'3=+&=!\..:!
9&'!n$S<T'3=+&=o]!>&=.&/+#!`&2&!*&'3(4&P!=4&79&!/4>*3(4&@(*../!4@!=379!
)&*?.=+&=!/&(!+&!74(?*&4+4=>!)3=!+&!<7*.Q&@&!Y=4&!4=!DEER!&=!DEEI#!H=!/&4!
DEER!9&*+&=!3LK(!$S<T'3=+&=!\5&('3=+A!54(.79&=A!<@('3=+A!O.'&=A!J@8&LK4ZA!
0'.93:48&A![.=>3*48&!&=!0'.)&=4Z]!Q'7@!hdQ*7@!&=!$3'(3!'4+!)3=!+&!<YA!4=!
83=73*4!DEEI!).'>+&=!1.&/&=4Z!&=!-7'>3*48&#!$&(!K&(!<YT'4+/33(@LK3Q!
:*&>&=!?7*>&*@!)3=!+&!=4&79&!'4+@(3(&=!)*48!(.&>3=>!(.(!X&+&*'3=+!&=!3=+&*&!
%&@(T<7*.Q&@&!'3=+&=#!`&!/&&@(&!^.7+&_!<YT'3=+&=!@(&'+&=!&LK(&*!=4&(!
/&(&&=!K7=!3*?&4+@/3*:(&=!.Q&=!)..*!9&*:=&/&*@!74(!+&!=4&79&!<YT'3=+&=!
\;*..(T-*4((3==4ZA!H&*'3=+!&=!69&+&=!+&+&=!+4(!9&']#!X&+&*'3=+!K3=(&&*+&!
)3=!DEER!(.(!DEEI!&&=!.)&*>3=>@*&>&'4=>!)..*!3*?&4+@/4>*3=(&=!74(!+&!
=4&79&!<YT'3=+&=!+4&!4=!DEER!(.&(*3+&=#!`4&!:93/!&*!.Q!=&&*!+3(!
9&*:=&/&*@!74(!+&!=4&79&!<YT'3=+&=!=&(!3'@!)..*K&&=!&&=!9&*:)&*>7==4=>!
/.&@(&=!K&??&=!./!'&>33'!4=!X&+&*'3=+!(&!:7==&=!9&*:&=#!W'&4=&!
2&'P@(3=+4>&=!74(!+&!=4&79&!'4+@(3(&=!:.=+&=!9&'!2.=+&*!/&&*!3L(4&P!9.*+&=!
4=!X&+&*'3=+#!H=/4++&'@!4@!+&2&!.)&*>3=>@Q&*4.+&!)..*!+&!=4&79&!<YT'3=+&=!
)3=!DEER!3P>&@'.(&=#!%&*:=&/&*@!74(!+&2&!'3=+&=!:7==&=!=7!2.=+&*!
?&'&//&*4=>&=!4=!X&+&*'3=+!9&*:&=#!`4(!>&'+(!&LK(&*!=4&(!)..*!9&*:=&/&*@!
74(!+&!=4&79&!<YT'3=+&=!+4&!4=!DEEI!(.&(*3+&=!\-7'>3*48&!&=!1.&/&=4Z]#!
-7*>&*@!)3=!+&2&!'3=+&=!K&??&=!P.*/&&'!9&'!(.&>3=>!(.(!X&+&*'3=+@!
>*.=+>&?4&+A!/33*!\=.>]!=4&(!(.(!+&!3*?&4+@/3*:(#!%&*:>&)&*@!+4&=&=!)..*!
K&=!&&=!(&9&*:@(&''4=>@)&*>7==4=>!33=!(&!)*3>&=#!
J.(!+7@)&*!/33:(&=!4=!+&!Q*3:(48:!)..*3'!O..'@&!9&*:=&/&*@!>&?*74:!)3=!
+&!/.>&'48:K&4+!./!4=!X&+&*'3=+!p!&=!&'+&*@!4=!X..*+9&@(T<7*.Q3!p!(&!
9&*:&=#!H=!DEEU!9&*+&=!?48=3!VR#EEE!(&9&*:@(&''4=>@)&*>7==4=>&=!\J%C_@]!
3P>&>&)&=!)..*!(48+&'48:&!3*?&4+@/4>*3=(&=!74(!O.'&=!\`&!-../!&(!3'#!DEEM?B!
VM]#![&(!9&*:&'48:&!33=(3'!4=!X&+&*'3=+!33=9&24>&!(48+&'48:&!.P!Q&*/3=&=(&!
3*?&4+@/4>*3=(&=!74(!O.'&=!&=!3=+&*&!$S<T'3=+&=!'4>(!4=/4++&'@!&LK(&*!

GI!

5$$6&'3%7-8-

?&+74+&=+!K.>&*!&=!9&*+!4=!DEEM!>&@LK3(!.Q!(7@@&=!GEE#EEE!&=!DEE#EEE!
Q&*@.=&=!\[&d/3!&(!3'#!DEEMa!`&!-.=+(!&=!;*48Q@(*3!DEEMa!`&!-../!&(!3'#!
DEEM3]#!!
!

H=!DEEM!K&&P(!14@?.!.=+&*2.&:!>&+33=!=33*!.=+&*!3=+&*&!+&!Q&*/3=&=(&!

$S<T'3=+&*@!4=!X&+&*'3=+!\`&!-../!&(!3'#!DEEM3]!+4&!4=>&@LK*&)&=!@(33=!4=!
+&!;-"#!<LK(&*A!=33@(!+&2&!/4>*3=(&=!+4&!24LK!.PP4L4&&'!4=!X&+&*'3=+!
>&)&@(4>+!K&??&=A!248=!4=!+&!3P>&'.Q&=!83*&=!./)3=>*48:&!>*.&Q&=!
3*?&4+@/4>*3=(&=!=33*!X&+&*'3=+!>&:./&=!./!K4&*!)..*!&&=!:.*(&!Q&*4.+&!
3*?&4+!(&!)&**4LK(&=#!`&2&!3*?&4+@/4>*3=(&=!)&*?'48)&=!\933*@LK48='48:]!)..*!
:.*(&*&!(48+!4=!X&+&*'3=+A!248=!4=!K&(!3'>&/&&=!=4&(!4=>&@LK*&)&=!4=!+&!
.PP4L4Z'&!>&/&&=(&'48:&!*&>4@(*3(4&@!&=!?'48)&=!+33*./!4=!+&!.PP4L4Z'&!/4>*3(4&T!
&=!?&).':4=>@@(3(4@(4&:&=!)3=!K&(!h-0!>*.(&=+&&'@!?74(&=!?&&'+#!<*!4@!3'@!
>&).'>!+33*)3=!9&4=4>!4=P.*/3(4&!?&@LK4:?33*!.)&*!+&!>*.&Q!(48+&'48:&!
3*?&4+@/4>*3=(&=!74(!$S<T'3=+&=#!`&!.Q+*3LK(>&)&*!)3=!.=+&*K3)4>!
.=+&*2.&:a!K&(!/4=4@(&*4&!)3=!C1S$!9&=@(!/&&*!4=24LK(!(&!:*48>&=!4=!+&!33*+!
&=!./)3=>!)3=!+&2&!>*.&Q!*&L&=(&!3*?&4+@/4>*3=(&=!74(!+&!$S<T'3=+&=#!`4(!
.=+&*2.&:!>33(!4=!.Q!3@Q&L(&=!3'@B!3LK(&*>*.=+:&=/&*:&=A!./)3=>A!
K74@)&@(4=>@@4(73(4&A!3*?&4+@@4(73(4&A!?&K.&P(&=!&=!(.&:./@()&*93LK(4=>&=#!!

>DG!

^8$2"$,%'78$-%+#$&&%+)-`4(!.=+&*2.&:!*4LK(!24LK!.Q!+&!^=4&79&!/4>*3(4&_!)3=74(!$4++&=T!&=!S.@(T
<7*.Q3!&=!+&!Q.@4(4&!)3=!+&2&!(48+&'48:&!/4>*3=(&=!4=!+&!X&+&*'3=+@&!
@3/&='&)4=>#![.&9&'!K&(!3+8&L(4&P!^=4&79_!.=).'+.&=+&!*&LK(!+.&(!33=!+&!
L.=(4=7q(&4(!)3=!/4>*3(4&?&9&>4=>&=A!4@!+74+&'48:!+3(!+&!/4>*3(4&!)3=!S.@(!
=33*!%&@(A!2.9&'!:93=(4(3(4&P!3'@!:93'4(3(4&PA!)3=!&&=!3=+&*&!.*+&!4@!+3=!4=!+&!
Q&*4.+&=!)3=!+&!Q.@(:.'.=43'&!/4>*3(4&A!+&!>3@(3*?&4+&*@/4>*3(4&!&=!+&!
/4>*3(4&!(&=!(48+&!)3=!K&(!L.//7=4@(4@LK&!S.@(?'.:*&>4/&!\<=>?&*@&=!&(!3'#!
DEEI]#!!
S)&*!K&(!3'>&/&&=!:3=!>&@(&'+!9.*+&=!+3(!=33*/3(&!+&!>&.>*3P4@LK&!3P@(3=+!
(7@@&=!+&!'3=+&=!)3=!K&*:./@(!&=!?&@(&//4=>!>&*4=>&*!4@!&=!&*!.Q&=!
>*&=2&=!?&@(33=A!+&!=..+233:!./!24LK!&'+&*@!Q&*/3=&=(!(&!)&@(4>&=!:'&4=&*!
9.*+(#!$&=!:3=!+33*./!)&*.=+&*@(&''&=!+3(!+&!/4>*3(4&!)3=74(!$4++&=T!&=!
S.@(T<7*.Q3!=33*!%&@(T<7*.Q3!+&&'@!&&=!(48+&'48:!:3*3:(&*!+*33>(#!6.!9&2&=!
%3''3L&!&(!3'#!\GFFM]!3'!/4++&=!83*&=!=&>&=(4>!.Q!+&!>*.&4&=+&!@(*../!
Q&=+&'/4>*3=(&=A!+4&!.Q!(48+&'48:&!&=!@./@!2&'P@!.Q!+3>&'48:@&!?3@4@!K&&=!&=!
9&&*!*&4@+&=!(7@@&=!+&!'3=+&=!+4&!248!33=+74+&=!3'@!+&!^h&=(*3'!<7*.Q&3=!
?7PP&*!2.=&_!\O.'&=A!J@8&LK4ZA![.=>3*48&!&=!0'.)&=4Z]!&=!+&!<7*.Q&@&!Y=4&A!

GM!

!"9,4&4")-

933*)3=!/&(!=3/&!`74(@'3=+#![&(!>33(!+&&'@!./!+3>&'48:@&!Q&=+&'33*@!&=!
4=(&*=3(4.=3'&!K3=+&'3*&=A!+&&'@!./!@&42.&=@9&*:&*@!&=!Q&*@.=&=!
\933*.=+&*!)&&'!8.=>&*&=!&=!@(7+&=(&=]!+4&!(48+&'48:&!?33=(8&@!4=!K&(!9&@(&=!
)&*)7''&=!&=!+&&'@!..:!./!4''&>3'&!/4>*3=(&=#!!
!

H=!=3).'>4=>!)3=!6d>/7=(!-37/3=!\GFFF!&=!DEEV]!2.7+&=!9&!..:!

:7==&=!@Q*&:&=!)3=!^'4b74+!/4>*3(4.=_#!`&!3P>&?3:&=+&!/4>*3(4&Q3(*.=&=!)3=!
9&'&&*!9.*+&=!/&(!=3/&!+..*!K&(!(48+&'48:&!&=!L4*L7'34*&!:3*3:(&*!)3=!)&&'!
S.@(T%&@(!/4>*3(4&!@(&&+@!^)'.&4?33*+&*_!&=!+33*+..*!/.&4'48:&*!(*3L&&*?33*#!
J&>&=9..*+4>!)&*?'48)&=!/4>*3=(&=!)33:!)..*!&&=!:.*(&!Q&*4.+&!4=!&&=!
?&Q33'+!'3=+!&=!:&*&=!+3=!(&*7>!.P!)&*(*&::&=!=33*!&&=!3=+&*!'3=+!`&!O..'@&!
.=+&*2.&:@(&*!;*d2/3'3TW32'.9@:3!@Q*&&:(!4=!+4(!)&*?3=+!)3=!^'3@(4=>!
(&/Q.*3*4=&@@_!\;*d2/3'3TW32'.9@:3!DEEV]#!`33*/&&!?*&=>(!248!(.(!
74(+*7::4=>!+3(!/4>*3=(&=!24LK!=4&(!+&P4=4(4&P!)&@(4>&=!4=!K&(!>3@('3=+!933*!248!
9&*:&=A!/33*!@(&&+@!.Q=4&79!(&*7>:&*&=!=33*!K7=!&4>&=!'3=+#!`&2&!).*/!
)3=!/4>*3(4&!4@!/.&4'48:!(&!*&>4@(&*&=A!933*+..*!&&=!:'..P!.=(@(33(!(7@@&=!+&!
>&*&>4@(*&&*+&!9&*:&'48:K&4+!&=!+&!@.L43'&!9&*:&'48:K&4+!)3=!3*?&4+@/4>*3(4&#!!
!

"*?&4+@/4>*3=(&=!74(!$4++&=T!&=!S.@(T<7*.Q3!L.=P*.=(&*&=!X&+&*'3=+!

+&*K3')&!/&(!).*/&=!)3=!Q&=+&'/4>*3(4&!+4&!24LK!)..*3'!)&*(3'&=!4=!L4*L7'34*&!
/4>*3(4&!.P!4=(&*=3(4.=3'&!Q&=+&'/4>*3(4&#!"*?&4+&*@!>33=!=33*!K74@!93==&&*!
K&(!9&*:!:'33*!4@!&=!:./&=!(&*7>!93==&&*!2&!=.+4>!248=!\4=!>&)3'!)3=!
@&42.&=@3*?&4+]!.P!248=!.Q!3P*.&Q!?&@LK4:?33*!)..*!@Q&L4P4&:&!:'7@@&=!
\?48)..*?&&'+!?48!9.=4=>)&*?&(&*4=>]#![&(!4@!&LK(&*!/.>&'48:!+3(!)&'&!)3=!+&!
(48+&'48:&!3*?&4+@/4>*3=(&=!27''&=!?'48)&=#!`3(!4@!&LK(&*!>&&=!)3@(@(33=+!
>&>&)&=A!/33*!&&=!?&'3=>*48:&!.=+&*2.&:@)*33>#![7=!33=9&24>K&4+!*.&Q(!
=4&79&!)*3>&=!.Q!.)&*!K7=!T!3'!+3=!=4&(!(48+&'48:&!T!4=(&>*3(4&!4=!+&!
X&+&*'3=+@&!@3/&='&)4=>!&=!+&!+33*)..*!=..+23:&'48:&!)..*24&=4=>&=!
\K74@)&@(4=>A!.=+&*948@!)..*!:4=+&*&=A!&(L#]#!S.:!248=!&*!=4&79&!)*3>&=!.)&*!
K7=!Q.@4(4&!.Q!+&!3*?&4+@/3*:(#!`&!X&+&*'3=+@&!@3/&='&)4=>!'48:(!=.>!=4&(!
3P+.&=+&!)..*?&*&4+!.Q!+&!^'3@(4=>!(&/Q.*3*4=&@@_!)3=!+&!$4++&=T!&=!S.@(T
<7*.Q&@&!3*?&4+@/4>*3(4&#!$&(!=3/&!>&/&&=(&=!933*!)&&'!O..'@&!&=!3=+&*&!
$4++&=T!&=!S.@(T<7*.Q&@&!3*?&4+@/4>*3=(&=!\^$S<T'3=+&*@_]!9.=&=!&=j.P!
9&*:&=!@Q*&:&=!)3=!/4@@(3=+&=!.Q!K&(!>&?4&+!)3=!K74@)&@(4=>A!4=(&>*3(4&!&=!
3*?&4+@./@(3=+4>K&+&=#!6.!9&*+!&*!4=!+&!(9&&!^O.'&=(.Q@_!4=!DEEI!&=!DEEM!
933*!)&*@LK4''&=+&!.*>3=4@3(4&@!&=!>&/&&=(&=!33=!+&&'=3/&=!33=+3LK(!
>&)*33>+!)..*!+&!K74@)&@(4=>Q*.?'&/3(4&:#!C&*@LK4''&=+&!>&/&&=(&=!>3)&=!
33=!/&(!&&=!(&:.*(!33=!K74@)&@(4=>!(&!:3/Q&=A!933*+..*!@4(73(4&@!)3=!
.)&*?&9.=4=>A!4''&>3'&!?&9.=4=>!&=!.)&*'3@(!.=(@(33=!4=!+&!948:&=!/&(!&&=!
>.&+:.Q&!9.=4=>)..**33+#!!

GF!

5$$6&'3%7-8-

C..*!?&'&4+@/3:&*@!4@!K&(!?74(&=>&9..=!*&'&)3=(!./!&&=!Q*.P4&'@LK&(@!
)3=!+&2&!=4&79&!>*.&Q!3P:./@(4>!74(!$4++&=T!&=!S.@(T<7*.Q3!(&*!?&@LK4::4=>!
(&!K&??&=!.Q!3@Q&L(&=!3'@B!3LK(&*>*.=+:&=/&*:&=A!./)3=>A!
K74@)&@(4=>@@4(73(4&!&=!3*?&4+@@4(73(4&#!H=(&>*3(4&!&=!4=?7*>&*4=>!'48:&=!.Q!
>&@Q3==&=!).&(!(&!@(33=!/&(!(48+&'48:&!/4>*3(4&A!&LK(&*!/&(!K&(!..>!.Q!+&!
n'3@(4=>!(&/Q.*3*4=&@@o!&=!+&!(.&:./@(!4@!K&(!*&'&)3=(!@(4'!(&!@(33=!?48!+&!T!3'!
+3=!=4&(!(48+&'48:&!T!4=(&>*3(4&!&=!4=?7*>&*4=>!)3=!+&2&!>*.&Q#![.&9&'!)&&'!
&L.=./4@LK&!@(7+4&@!&=!+&!.PP4L4Z'&!*&3L(4&@!)3=!+&!X&+&*'3=+@&!.)&*K&4+!
>*.(&=+&&'@!Q.@4(4&P!248=!.)&*!+&!3*?&4+@/4>*3(4&!74(!+&!$S<T'3=+&=A!*.&Q(!+&!
4=(&>*3(4&!)3=!3*?&4+@/4>*3=(&=!74(!+&2&!'3=+&=!4=!+&!X&+&*'3=+@&!
@3/&='&)4=>!+&!=.+4>&!)*3>&=!.Q#!$&(!=3/&!?48!+&!'.:3'&!.)&*K&+&=!'&4+(!+4(!
(.(!2.*>&=!.)&*!+&!4=(&>*3(4&!)3=!+&2&!3*?&4+@/4>*3=(&=!4=!+&!X&+&*'3=+@&!
@3/&='&)4=>#!!
`33*?48!4@!&*!.=2&:&*K&4+!.)&*!+&!&4@&=!+4&!>&@(&'+!:7==&=!9.*+&=!33=!+&!
\(48+&'48:&]!4=(&>*3(4&!)3=!+&2&!>*.&Q&=!&=!.)&*!+&!9&=@&=!)3=!+&!
3*?&4+@/4>*3=(&=!2&'P#!<Y!?7*>&*@!248=!=4&(!)&*Q'4LK(!./!&&=!
4=?7*>&*4=>L7*@7@@&=!(&!).'>&=#!$33*!K&(!2.7!:7==&=!+3(!@.//4>&!>*.&Q&=!
+33*!9&'!?&K.&P(&!33=!K&??&=#!`&!Q.@4(4&!)3=!/4>*3=(&=!74(!+&!$S<T'3=+&=!
*33:(!33=!K&(!(K&/3!)3=!?7*>&*@LK3Q#!H=!)&&'!=3(4.=3'&!&=!'.:3'&!
?&'&4+@+.L7/&=(&=!9.*+(!=3+*7::&'48:!+&!9&=@!74(>&@Q*.:&=!)3=!^3L(4&P!
?7*>&*@LK3Q_A!933*?48!?7*>&*@!3L(4&P!Q3*(4L4Q&*&=!4=!+&!L4)4'!@.L4&(d#!$33*!K.&!
)&*K.7+(!+4(!9&=@?&&'+!24LK!(&=!.Q24LK(&!)3=!^(48+&'48:&!?7*>&*@_!+4&!)..*3'!
3L(4&P!248=!.Q!+&!3*?&4+@/3*:(!&=!4=!>&*4=>&!/3(&!Q3*(4L4Q&*&=!4=!'.:3'&!
>&/&&=@LK3QQ&=!&=!4=!+&!948+&*&!X&+&*'3=+@&!@3/&='&)4=>g!<*!248=!
=379&'48:@!>&>&)&=@!.)&*!+&!@.L433'TL7'(7*&'&!4=(&>*3(4&!)3=!(48+&'48:&!
/4>*3=(&=!74(!$4++&=T!&=!S.@(T<7*.Q3!4=!X&+&*'3=+#!H=!.=@!.=+&*2.&:!27''&=!
9&!33=@'74(&=!?48!>3=>?3*&!4=+4L3(.*&=!)..*!@.L433'TL7'(7*&'&!4=(&>*3(4&!2.3'@!
+&!@.L43'&!L.=(3L(&=!&=!+&!?&K&&*@4=>!)3=!K&(!X&+&*'3=+@!\24&!?48)..*?&&'+!
`3>&).@!&=!S+l!DEEU!&=!`3>&).@!DEEG]#!C&*+&*!27''&=!9&!@(4'@(33=!?48!+&!
)*33>!4=!K.&)&**&!+&!>*.&Q!(48+&'48:&!/4>*3=(&=!?&K.&P(&!K&&P(!33=!
4=?7*>&*4=>#!
!
!
!
!
!
!

DE!

!"9,4&4")-

>D@!

="2#6$$(',$66%+)S-2+&$"O2$R'9"*)$+-$+-*5#*R$+%+)2+&$"O2$R')"2$4-

="2#6$$(',$66%+)`&!+.&'@(&''4=>!)3=!+4(!.=+&*2.&:!4@!4=24LK(!:*48>&=!4=!+&!33*+!&=!./)3=>!)3=!
+&!>*.&Q!<YT9&*:=&/&*@!74(!+&!$S<T'3=+&=!+4&!K4&*!*&L&=(!)&*?'48P(#!`&2&!
+.&'@(&''4=>!*&@7'(&&*(!4=!&&=!Q*.?'&&/@(&''4=>!+4&!74(&&=)3'(!4=!)4&*!+&'&=B!
!!

%3(!4@!+&!./)3=>!)3=!+&!>*.&Q!4=!X&+&*'3=+!33=9&24>&!*&L&=(&!
3*?&4+@/4>*3=(&=!74(!+&!$S<T'3=+&=g!

!!

[.&!24&(!+&!>*.&Q!*&L&=(&!3*?&4+@/4>*3=(&=!74(!+&!$S<T'3=+&=!&*74(!
b73!'&&P(48+A!>&@'3LK(!.Q'&4+4=>@=4)&37A!K74@K.7+&=@3/&=@(&''4=>g!

!!

[.&!24&=!+&!/4>*3(4&Q3(*.=&=!&*74(!&=!93(!248=!+&!)&*93LK(4=>&=!&=!
9&=@&=!/&(!?&(*&::4=>!(.(!&&=!(.&:./@(!4=!X&+&*'3=+g!

!!

[.&!24&(!+&!@4(73(4&!)3=!*&L&=(&!3*?&4+@/4>*3=(&=!74(!+&!$S<T'3=+&=!
4=!X&+&*'3=+!&*74(!b73!3*?&4+!\9&*:!&=!3*?&4+@)&*'&+&=]A!9.=&=A!
P4=3=L4Z=!&=!@.L433'TL7'(7*&'&!4=(&>*3(4&g!!

1+&$"O2$R'9"*)$+`&!K4&*74(!)..*()'.&4&=+&!.=+&*2.&:@)*3>&=!'74+&=!3'@!).'>(B!!
G#! [.&!>*..(!9.*+(!+&!>*.&Q!4=!X&+&*'3=+!33=9&24>&!*&L&=(&!
3*?&4+@/4>*3=(&=!74(!+&!$S<T'3=+&=!>&@LK3(g!
D#! %3(!248=!+&!+&/.>*3P4@LK&!:&=/&*:&=!\>&@'3LK(A!'&&P(48+!&=!
K74@K.7+&=@3/&=@(&''4=>]!)3=!+&!>*.&Q!*&L&=(&!3*?&4+@/4>*3=(&=!74(!
+&!$S<T'3=+&=g!!
N#! Y4(!9&':&!'3=+&=!&=!*&>4._@!:./&=!+&!*&L&=(&!3*?&4+@/4>*3=(&=g!%3(!
)..*!/4>*3(4&/.(4&)&=!K&??&=!2&!&=!./!9&':&!*&+&=&=!:4&@(!/&=!
)..*!X&+&*'3=+g!H=!9&':&!/3(&!&=!.Q!9&':&!9482&!)4=+(!
Q&=+&'/4>*3(4&!Q'33(@g!H=!K.&)&**&!+&=:(!&=!3/?4&&*(!/&=!4=!
X&+&*'3=+!(&!?'48)&=g!
R#! %3(!)..*!.Q'&4+4=>@3LK(&*>*.=+!K&??&=!+&!*&L&=(&!3*?&4+@/4>*3=(&=!
74(!+&!$S<T'3=+&=g!
V#! [.&!24&(!+&!3*?&4+@@4(73(4&!)3=!*&L&=(&!3*?&4+@/4>*3=(&=!74(!+&!$S<T
'3=+&=!&*74(g!H=!9&':&!P7=L(4&!&=!@&L(.*!9&*:(!/&=A!93(!)..*!@..*(!
33=@(&''4=>!K&&P(!/&=A!)..*!K.&)&&'!77*!4@!/&=!9&*:233/A!?48!94&!.P!
.Q!9&':&!9482&!4=!/&=!9&*:233/!\74(2&=+.*>3=4@3(4&A!22QT&*A!&(L#]#!
%3(!4@!K7=!3*?&4+@)&*'&+&=!4=!X&+&*'3=+A!4=!K&(!?74(&='3=+!&=!4=!K&(!
K&*:./@('3=+g![.&!)&*K.7+(!K&(!3*?&4+@=4)&37!24LK!(.(!K&(!
.Q'&4+4=>@=4)&37g!

DG!

5$$6&'3%7-8-

U#! [.&!24&(!+&!P4=3=L4Z'&!@4(73(4&!)3=!*&L&=(&!3*?&4+@/4>*3=(&=!74(!+&!
$S<T'3=+&=!&*74(g![.&!24&(!K&(!4=:./&=!&*74(A!+*33>(!/&=!@.L43'&!
)&*2&:&*4=>&=!3PA!4@!/&=!)&*2&:&*+A!&(L#g![.&!4@!+&!P4=3=L4Z'&!@4(73(4&!
4=!*&'3(4&!(.(!+&!>&24=@@4(73(4&!!
I#! [.&!4@!+&!@4(73(4&!)3=!*&L&=(&!3*?&4+@/4>*3=(&=!74(!+&!$S<T'3=+&=!.Q!
K&(!>&?4&+!)3=!9.=&=g!H=!9&':&!*&>4._@!9..=(!/&=A!4=!93(!)..*!
(dQ&=!948:&=!&=!4=!93(!)..*!@..*(!9.=4=>&=g!H=!K.&)&**&!4@!/&=!
(&)*&+&=!/&(!+&!9..=@4(73(4&g!%&':&!?&K.&P(&=!?&@(33=!&*!(&=!
33=24&=!)3=!+&!K74@)&@(4=>g!
M#! [.&!@(33(!K&(!/&(!+&!@.L433'TL7'(7*&'&!4=(&>*3(4&!)3=!*&L&=(&!
3*?&4+@/4>*3=(&=!74(!+&!$S<T'3=+&=A!/#?#(#!@.L43'&!L.=(3L(&=A!
.Q)3((4=>&=A!&(L#g!H=!K.&)&**&!?&K&&*@(!/&=!+&!X&+&*'3=+@&!(33'g!H=!
9&':&!(33'!&=!.Q!9&':&!/3=4&*!L.//7=4L&&*(!/&=!.Q!+&!9&*:Q'&:A!4=!
+&!)*48&!(48+A!&(Lg!!
F#! H=!K.&)&**&!K&&P(!/&=!?&K.&P(&!33=!4=?7*>&*4=>!&=!K.&!24&(!+4&!
?&K.&P(&!&*74(g!!

>DF!

1+&$"O2$R'24O$,`&!.=+&*2.&:@)*3>&=!9.*+&=!?&3=(9..*+!.Q!?3@4@!)3=!&&=!.=+&*2.&:!+3(!4@!
.=+&*)&*+&&'+!4=!)4&*!+&'&=#!
!

[&(!&&*@(&!.=+&*2.&:@+&&'!K3+!3'@!+.&'!&&=!3L(7&'&!@LK3((4=>!(&!/3:&=!

)3=!K&(!33=(3'!4=!X&+&*'3=+!)&*?'48)&=+&!3*?&4+@/4>*3=(&=!74(!+&!$S<T
'3=+&=#!!
!

[&(!(9&&+&!.=+&*2.&:@+&&'!?&(*&P(!&&=!:93=(4(3(4&P!@7*)&d!+4&!.=+&*!+&!

*&L&=(&!3*?&4+@/4>*3=(&=!74(!+&!$S<T'3=+&=!3P>&=./&=!4@#![&(!+.&'!)3=!+4(!
.=+&*2.&:@+&&'!4@!&&=!2.!*&Q*&@&=(3(4&P!/.>&'48:!?&&'+!(&!:*48>&=!)3=!+&!
3@Q&L(&=!+4&!4=!+&!.=+&*2.&:@)*3>&=!33=!+&!.*+&!248=!>&@(&'+#![&(!)&'+9&*:!
*&@7'(&&*+&!4=!IRU!?*74:?3*&!)*3>&='48@(&=#!
!

<&=!+&*+&!+&&'!)3=!K&(!.=+&*2.&:!4@!/&&*!:93'4(3(4&P!)3=!33*+!&=!?&(*&P(!

+4&Q(&T4=(&*)4&9@!/&(!DG!*&L&=(&!3*?&4+@/4>*3=(&=#!`&2&!+4&Q(&T4=(&*)4&9@!
?.+&=!+&!/.>&'48:K&4+!+4&Q&*!4=!(&!>33=!.Q!@Q&L4P4&:&!.=+&*9&*Q&=!+4&!(&!
L./Q'&e!./!4=!&&=!>&@(*7L(7*&&*+&!)*3>&='48@(!(&!.=+&*2.&:&=#!!
!

S.:!K&(!)4&*+&!.=+&*2.&:@+&&'!4@!:93'4(3(4&P!)3=!33*+#![&(!?&(*.P!

)..*=3/&'48:!K&*3=3'd@&!)3=!+&!DM!4=(&*)4&9@!/&(!4=P.*/3=(&=!+4&!4=!K&(!
:3+&*!)3=!K&(!).*4>&!.=+&*2.&:!248=!>&K.7+&=!\`&!-../!&(!3'#!DEEM3]#!`&2&!
4=(&*)4&9@!248=!33=>&)7'+!/&(!&&=!?&Q&*:(!33=(3'!&e(*3!>&@Q*&::&=!/&(!
+&@:7=+4>&=#!!

DD!

!"9,4&4")-

`&!)4&*!.=+&*2.&:@+&'&=!9.*+&=!K4&*.=+&*!=3+&*!74(>&9&*:(#!

C$5%+%,%$-$+-*5#*R$+%+)-9*+-&$-2+&$"O2$R')"2$4`&!>*.&Q!933*!+4(!.=+&*2.&:!24LK!.Q!*4LK(!4@A!>&>&)&=!+&!K4&*)..*!
>&P.*/7'&&*+&!+.&'@(&''4=>A!+&!>*.&Q!*&L&=(&!3*?&4+@/4>*3=(&=!74(!+&!=4&79&!
$4++&=T!&=!S.@(T<7*.Q&@&!<YT'3=+&=!\+&!$S<T'3=+&*@]#!
`&-:;<=9*"&,"!248=!+33*?48!>&+&P4=4&&*+!3'@B!O.'&=A![.=>3*48&A!0'.)&=4ZA!
J@8&LK4ZA!0'.93:48&A!<@('3=+A!5&('3=+A!54(.79&=!+4&!Q&*!G!/&4!DEER!(.(!+&!<Y!
248=!(.&>&(*&+&=!&=!1.&/&=4Z!&=!-7'>3*48&!+4&!@4=+@!G!83=73*4!DEEI!(.(!+&!<Y!
?&K.*&=#!$4>*3=(&=!74(!O.'&=A![.=>3*48&A!0'.)&=4ZA!J@8&LK4ZA!0'.93:48&A!
<@('3=+A!5&('3=+A!54(.79&=!K&??&=!>&&=!(&9&*:@(&''4=>@)&*>7==4=>!\J%C]!
/&&*!=.+4>!./!4=!X&+&*'3=+!(&!:7==&=!9&*:&=A!/4>*3=(&=!74(!1.&/&=4Z!&=!
-7'>3*48&!K&??&=!=.>!9&'!&&=!J%C!=.+4>#!
!

H=!33=)7''4=>!.Q!.=@!&&*+&*&!.=+&*2.&:!=33*!Q&*/3=&=(&!S.@(T

<7*.Q&3=&=!4=!X&+&*'3=+!\`&!-../!&(!3'#!DEEM3]!*4LK((&!+4(!.=+&*2.&:!24LK!
..*@Q*.=:&'48:!.Q!(48+&'48:&!3*?&4+@/4>*3=(&=!74(!+&!$S<T'3=+&=#!<&=!+&P4=4(4&!
)3=!(48+&'48:&!3*?&4+@/4>*3=(&=!4@!&LK(&*!=4&(!&&=).7+4>!(&!>&)&=#!$4>*3=(&=!
+4&!=33*!X&+&*'3=+!:./&=!&=!)3=!Q'3=!248=!'3=>&*!+3=!)4&*!/33=+&=!4=!
X&+&*'3=+!(&!?'48)&=!248=!4=!Q*4=L4Q&!)&*Q'4LK(!24LK!4=!K&(!?&).':4=>@*&>4@(&*!4=!
(&!@LK*48)&=#!$4>*3=(&=!+4&!)3=!Q'3=!248=!:.*(&*!4=!X&+&*'3=+!(&!)&*?'48)&=!248=!
K4&*!=4&(!(.&!)&*Q'4LK(#!C..*!+&!+&P4=4(4&!)3=!(48+&'48:&!3*?&4+@/4>*3=(!2.7!+7@!
K&(!4=@LK*48)4=>@L*4(&*47/!3'@!74(>3=>@Q7=(!>&=./&=!:7==&=!9.*+&=#!`&!
+&P4=4(4&!2.7!+3=!248=B!<&=!(48+&'48:&!3*?&4+@/4>*3=(!4@!+4&>&=&!+4&!K4&*!*&'3(4&P!
:.*(&!(48+!9..=(!m=!9&*:(!\/4=+&*!+3=!R!/33=+&=]!&=!24LK!=4&(!K&&P(!
4=>&@LK*&)&=!4=!+&!.PP4L4Z'&!?&).':4=>@*&>4@(&*@!)3=!+&!X&+&*'3=+@&!
>&/&&=(&=A!&&=!/&&*!Q&*/3=&=(&!/4>*3=(!4@!+4&>&=&!+4&!24LK!9&'!4=!+&!;-"!
K&&P(!4=>&@LK*&)&=#!<LK(&*!.Q!?3@4@!)3=!+&!*&@7'(3(&=!)3=!.=@!:93=(4(3(4&)&!
&=!:93'4(3(4&)&!.=+&*2.&:!'48:(!+&!;-"!4=@LK*48)4=>!>&&=!>.&+!74(>3=>@Q7=(#!
"*?&4+@/4>*3=(&=!+4&!4=!Q*4=L4Q&!)3=!Q'3=!248=!K4&*!)..*!:.*(&!(48+!(&!?'48)&=!
:7==&=!=3/&'48:!)..*!:.*(&!(48+!248=!4=>&@LK*&)&=!4=!+&!
?&).':4=>@3+/4=4@(*3(4&#!-.)&=+4&=!?'48:&=!)&&'!)3=!.=2&!*&@Q.=+&=(&=!+4&!
K4&*!'3=>&*!+3=!R!/33=+&=!248=!24LK!=4&(!4=!+&!;-"!(&!K&??&=!4=>&@LK*&)&=#!
C3=!+&!3*?&4+@/4>*3=(&=!4=!.=@!.=+&*2.&:!+4&!(7@@&=!DEER!&=!DEEI!=33*!
X&+&*'3=+!248=!>&:./&=!2&>(!?48)..*?&&'+!@'&LK(@!.=>&)&&*!+&!K&'P(!\VNi]!
24LK!4=!+&!;-"!(&!K&??&=!4=>&@LK*&)&=A!(&*948'!248!K4&*!+7@!@.94&@.!4=/4++&'@!
'3=>&*!+3=!R!/33=+&=!248=!\24&!(3?&'!G#G]#!`&*K3')&!?3@&*&=!948!.=2&!
+&P4=4(4&!)3=!3'!+3=!=4&(!(48+&'48:!.Q!+&!/4>*3(4&>&@LK4&+&=4@#!
!

[&(!)3@(@(&''&=!.P!4&/3=+!(48+&'48:!.P!Q&*/3=&=(!4@!)&*..*233:(!&LK(&*!&&=!

P7=+3/&=(&&'!Q*.?'&&/#!O3@!3LK(&*3P!:3=!)3@(>&@(&'+!9.*+&=!.P!/&=!

DN!

5$$6&'3%7-8-

Q&*/3=&=(!=33*!X&+&*'3=+!4@!>&:./&=!.P!=4&(#!H//&*@!K.&!+&P4=4Z*&=!9&!
4&/3=+!+4&!D!833*!4=!X&+&*'3=+!4@!&=!933*)3=!9&!=4&(!9&(&=!.P!+4&!Q&*@..=!
)..*=&/&=@!4@!74(&4=+&'48:!(&*7>!(&!>33=!=33*!248=!K&*:./@('3=+g!!
%48!@Q*&:&=!+&*K3')&!4=!Q'33(@!)3=!.)&*!(48+&'48:&!&=!Q&*/3=&=(&!/4>*3=(&=!
.)&*!+&!(&*/48=!+3(!/4>*3=(&=!K4&*!248=#!`&2&!+&P4=4(4&!4@!>&q=@Q4*&&*+!.Q!+&!
33=?&)&'4=>&=!)3=!+&!C&*&=4>+&!X3(4&@!\Y=4(&+!X3(4.=@!GFFMB!GM]#!V!
%&!@Q*&:&=!+33*./!=4&(!)3=!(48+&'48:&!3*?&4+@/4>*3=(&=!/33*!)3=!*&L&=(&!
3*?&4+@/4>*3=(&=#!%48!.=+&*@LK&4+&=!K4&*?48!:.*(&!(&*/48=!3*?&4+@/4>*3=(&=!
&=!/4++&''3=>&!(&*/48=!3*?&4+@/4>*3=(&=#!S=+&*!7$/3,-3,/24>"-24)/*"3,"!
)&*@(33=!9&!+&!>*.&Q!/4>*3=(&=!+4&!9&*:(!4=!X&+&*'3=+!&=!)..*!+&!'33(@(&!
:&&*!4=!DEEF!.P!4=!DEEM!=33*!X&+&*'3=+!4@!>&:./&=#!`&!24&&,99*"),-3,/24>"24)/*"3,"!+&P4=4Z*&=!9&!3'@!+&!>*.&Q!/4>*3=(&=!+4&!9&*:(!4=!X&+&*'3=+!&=!
)..*!+&!'33(@(&!:&&*!=33*!X&+&*'3=+!4@!>&:./&=!(7@@&=!DEER!\(.&=!+&!&&*@(&!
M!$S<T'3=+&=!(.&(*3+&=!(.(!+&!<YA!/33*!=.>!=4&(!(.&>3=>!:*&>&=!(.(!+&!
X&+&*'3=+@&!3*?&4+@/3*:(]!&=!DEEI!\(.&=!..:!)..*!3*?&4+@/4>*3=(&=!74(!+&!M!
$S<T'3=+&=!+&!X&+&*'3=+@&!>*&=@!9&*+!>&.Q&=+!&=!-7'>3*48&!&=!1.&/&=4Z!
(.&(*3+&=!(.(!+&!<YA!/33*!=.>!>&&=!(.&>3=>!:*&>&=!(.(!+&!X&+&*'3=+@&!
3*?&4+/3*:(]#!`&!3*?&4+@/4>*3=(&=!+4&!)..*!DEER!4=!X&+&*'3=+!248=!>&:./&=!
=.&/&=!9&!'3=>&!(&*/48=!/4>*3=(&=#!`&2&!'33(@(&!>*.&Q!?&(*&::&=!948!=4&(!4=!
K&(!.=+&*2.&:A!./+3(!+&2&!>*.&Q!+7@+3=4>!)&&'!83*&=!4=!X&+&*'3=+!)&*?'48P(!
+3(!K7=!:./@(!=4&(!/&&*!3'@!*&L&=(!:3=!9.*+&=!>&+&P4=4&&*+#!!
!
^*#$6->D>E-<$'42+&$+,$+-+**"-(%)"*,%$,$"(%T+S-8$"R2(',)"2$4-$+-)$'6*78,-+**"-%+'78"%T9%+)-%+-&$-`L!-a%+-bc-

"#$%%&!!
'%()#&**$+!
! !
<=>!
<DE!
>D@!

!
"#$%&'()'%#!%*!+,)!
;%!
/44!
#/(414/G!

!"#$%&'()'&*++,-&./01#!

"#$%%&!
',+

-.&%/0
!!

?@A?!
?DA=!
<CAE!

1#2$
!!

B?AC!
<=A@!
>EAF!

3#&4/
!

?>A>!
C<A>!
<@A=!

5*&67#4!
!

<DAC!
CBAF!
<@A@!

#84290!
!

@?A<!
>=AB!
>EA?!

-%/
!!

CDAE!
<DA=!
<<A?!

82#*:
!

?@AF!
?DAC!
<BA=!

?=A>!
?EAC!
<?AB!

H=!?.)&=@(33=+&!248=!+&!*&@7'(3(&=!..:!74(@Q'4(@(!=33*!)&*@LK4''&=+&!
@7?L3(&>.*4&Z=!=3/&'48:B!/4++&''3=>&!)&*@7@!:.*(&!(&*/48=/4>*3=(&=A!O.'&=!
)&*@7@!1.&/&=&=!&=!.)&*4>&!$S<T'3=+&*@!&=!/3==&=!)&*@7@!)*.79&=#!H=!+&!
/&&@(&!(3?&''&=!/3:&=!9&!+&2&!74(@Q'4(@4=>&=!&=!9.*+&=!+&2&!.Q!
?.)&=@(33=+&!9482&!>&Q*&@&=(&&*+#!<LK(&*!=4&(!3''&!)&*@LK4''&=!(7@@&=!+&!
@7?>*.&Q&=!248=!@4>=4P4L3=(#!H=!+&!(3?&''&=!4=!+&!?48'3>&=!248=!+&!@4>=4P4L3=(4&@!
9&&*>&>&)&=#!%3(!?&(*&P(!+&!(&:@(!>&'+(a!9&!?&@LK*48)&=!+&!)&*@LK4''&=!
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
V

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

DR!

!"9,4&4")-

(7@@&=!+&!@7?>*.&Q&=!3''&&=!4=!+&!(&:@(!3'@!+4&!3]!@4>=4P4L3=(!&=!?]!.Q)3''&=+!
248=#!

>DFD>!

V78*,,%+)-**+,*6-"$7$+,$-*"#$%&'(%)"*+,$+-.%,-/1306*+&$+-%+N$&$"6*+&`&!.PP4L4Z'&!?&).':4=>@@(3(4@(4&:&=!)3=!K&(!h-0!'3(&=!&&=!@(&*:&!>*.&4!24&=!
)3=!K&(!33=(3'!4=!X&+&*'3=+!)&*?'48)&=+&!$S<T'3=+&*@#!H=!GFFU!*&>4@(*&&*+&!
K&(!h-0!GE#EEE!Q&*@.=&=!/&(!&&=!=3(4.=3'4(&4(!)3=!&&=!)3=!+&!$S<T'3=+&=A!
4=/4++&'@!9.=&=!&*!?48=3!UV#EEE!Q&*@.=&=!/&(!&&=!=3(4.=3'4(&4(!)3=!&&=!)3=!
+&!$S<T'3=+&=!4=!X&+&*'3=+#![&(!h-0!?3@&&*(!+&2&!L48P&*@!.Q!+&!*&>4@(*3(4&@!
4=!+&!;&/&&=(&'48:&!-3@4@!"+/4=4@(*3(4&!\;-"]#!$4>*3=(&=!248=!)&*Q'4LK(!24LK!
4=!+&!;-"!4=!(&!@LK*48)&=!3'@!2&!4=!K&(!K3'P!833*!=3!K7=!?4==&=:./@(!/4=4/33'!
R!/33=+&=!+&=:&=!(&!?'48)&=#!"*?&4+@/4>*3=(&=!+4&!K4&*!:.*(&*!+3=!)4&*!
/33=+&=!:./&=!9&*:&=!248=!+7@!Q&*!+&P4=4(4&!=4&(!4=!+&!;-"!>&*&>4@(*&&*+#!
J.(!&=!/&(!DEEI!93@!K&(!2&&*!'3@(4>!./!&&=!?&(*.79?3*&!4=+4L3(4&!)3=!+&!
./)3=>!+&2&!>*.&Q!(&!:*48>&=#!H=/4++&'@!4@!+4(A!.Q!?3@4@!)3=!?48!+&!
-&'3@(4=>+4&=@(!>&*&>4@(*&&*+&!'..=>&>&)&=@!)3=!9&*:=&/&*@!&=!&&=!+..*!
K&(!Y4().&*4=>@4=@(4(77(!%&*:=&/&*@C&*2&:&*4=>&=!\Y%C]!>&*&3'4@&&*+&!
:.QQ&'4=>!)3=!+&2&!>&>&)&=@!/&(!+&!4=!+&!;-"!>&*&>4@(*&&*+&!?&).':4=>!9&'!
/.>&'48:#![&(!?&(*&P(!+3=!3*?&4+@/4>*3=(&=!+4&!4=!'..=+4&=@(!9&*:&=!&=!)..*!
94&!?&'3@(4=>!9.*+(!3P>&+*3>&=#!H=!K..P+@(7:!D!>33=!9&!K4&*!=3+&*!.Q!4=#!
!

`33*=33@(!248=!&*!/4>*3=(&=!+&!3'@!2&'P@(3=+4>!.=+&*=&/&*!4=!X&+&*'3=+!

9&*:&=#!6&'P@(3=+4>&!.=+&*=&/&*@!:./&=!=4&(!4=!+&!?&(*&PP&=+&!
'..=>&>&)&=@!)3=!+&!-&'3@(4=>+4&=@(!)..*#!H=!K..P+@(7:!D!9.*+(!.Q!?3@4@!)3=!
?&@(33=+&!'4(&*3(77*A!>&>&)&=@!)3=!+&!W3/&*!)3=!W..QK3=+&'!&=!+..*!+&!
L./?4=3(4&!)3=!*&>4@(*3(4&@!)3=!Y%C!/&(!>&>&)&=@!74(!.=2&!&=b7c(&!&&=!
4=+4L3(4&!>&>&)&=!)3=!+&!./)3=>!)3=!+&2&!>*.&Q!2&'P@(3=+4>!.=+&*=&/&*@#!
!

C&*+&*!248=!&*!/4>*3=(&=!+4&!=4&(!248=!4=>&@LK*&)&=!4=!+&!;-"!&=!)..*!94&!

>&&=!'..=?&'3@(4=>!9.*+(!3P>&+*3>&=#!-48)..*?&&'+!/4>*3=(&=!+4&!74(@'74(&=+!
293*(!9&*:&=#![&(!@LK3((&=!)3=!+&!./)3=>!+&2&!>*.&Q!4@!&&=!.=+&*2.&:!.Q!
24LK#!H=!+4(!*3QQ.*(!9.*+&=!+33*./!@'&LK(@!&=:&'&!L48P&*@!>&=.&/+!+4&!
>&?3@&&*+!248=!.Q!&&*+&*!.=+&*2.&:!)3=!.=+&*!3=+&*&!1&@&3*LK!)..*!-&'&4+#!

>DFDG!

dP*+,%,*,%$5-'."9$K-2+&$"O2$R-[&(!+.&'!)3=!K&(!.=+&*2.&:!4@!4=24LK(!:*48>&=!4=!+&!33*+!\&=!./)3=>]!)3=!+&!
>*.&Q!<YT9&*:=&/&*@!74(!+&!$S<T'3=+&=!+4&!K4&*!*&L&=(!)&*?'48P(#!S/!&&=!
?&(*.79?33*!&=!*&Q*&@&=(3(4&P!?&&'+!)3=!+&2&!>*.&Q!*&L&=(&!/4>*3=(&=!74(!+&!
$S<T'3=+&=!(&!:*48>&=!.Q!74(&&='.Q&=+&!3@Q&L(&=!K&??&=!9&!&&=!:93=(4(3(4&P!

DV!

5$$6&'3%7-8-

>&.*4Z=(&&*+!.=+&*2.&:!4=!+&!).*/!)3=!&&=!>&@(*7L(7*&&*+!@7*)&d!74(>&).&*+!
.=+&*!&&=!>*..(!33=(3'!*&L&=(&!3*?&4+@/4>*3=(&=!74(!+&!$S<T'3=+&=# U!
!

$&(!K&(!..>!.Q!K&(!)&*>*.(&=!)3=!+&!*&Q*&@&=(3(4)4(&4(!248=!+&!

*&@Q.=+&=(&=!)43!)&'&!)&*@LK4''&=+&!:3=3'&=!>&2.LK(#!`..*!+&!&=b7c(&@!.Q!
)&*@LK4''&=+&!Q'&::&=!&=!/3=4&*&=!74(!(&!2&((&=!9.*+(!&&=!/&&*!K&(&*.>&=&!
*&@Q.=+&=(&=>*.&Q!?&*&4:(!K&(>&&=!&&=!).''&+4>&*!?&&'+!)3=!+&!$S<T'3=+&*@!
4=!X&+&*'3=+!>&&P(!+3=!93==&&*!&*!@'&LK(@!)43!&=:&'&!:3=3'&=!.P!Q'&::&=!
*&@Q.=+&=(&=!9.*+&=!>&2.LK(#!!
!

`&!)*3>&='48@(!4@!74(>&+&&'+!4=!)&*@LK4''&=+&!*&>4._@!4=!X&+&*'3=+#!`&!

*&>4._@!248=!.=+&*!3=+&*&!?&Q33'+!.Q!?3@4@!)3=!K&(!&&*+&*&!.=+&*2.&:!S.@(T
<7*.Q&3=&=!4=!X&+&*'3=+!)3=!14@?.!&=!K&(!.=+&*2.&:!)3=!1&>4.Q'3=!=33*!K&(!
)*48!)&*:&&*!)3=!9&*:=&/&*@!74(!+&!$S<T'3=+&=#!C43!(4Q@!)3=!+&!3/?3@@3+&@A!
74(2&=+?7*&37@A!/&=@&=!74(!+&!>&/&&=@LK3QA!P.*3A!:*3=(&=?&*4LK(&=A!&(L#!4@!
(.(!=.>!/&&*!)4=+Q'33(@&=!>&:./&=#!<*!4@!.=+&*!3=+&*&!)&'+9&*:!)&**4LK(!4=B!
K&(!%&@('3=+A!1&>4.!1.((&*+3/A!`&=![33>A!"/@(&*+3/!&=!Y(*&LK(A!+&!
X..*+..@(Q.'+&*!&=!'3=+&'48:&!>&?4&+&=!4=!54/?7*>!&=!-*3?3=(#!
!

H=!+&2&!*&>4._@!248=!+&!)*3>&='48@(&=!.Q!)&*@LK4''&=+&!@(*3(&>4@LK&!Q'&::&=!

74(>&2&(!2.3'@!.Q!9&*:Q'&::&=A!?48!74(2&=+?7*&37@A!O.'&=K.(&'@A!:&*:&=!2.3'@!
+&![.=>33*@&A!1.&/&&=@&A!O..'@!S*(K.+.e&!:&*:A!L7'(7*&'&!&)&=&/&=(&=A!
S.@(T<7*.Q&@&!@7Q&*/3*:(&=A!94=:&'@!&=!L3Pl@A!@7Q&*/3*:(&=!4=!+&!?77*(&=!
933*!)&&'!$S<T'3=+&*@!9.=&=A!&(L#!$33*!..:!4@!)&'+9&*:!)&**4LK(!
?48)..*?&&'+!?48!)&*(*&:Q'33(@&=!)3=!?7@@&=!+4&!=33*!&&=!$4++&=T!.P!S.@(T
<7*.Q&@&!?&@(&//4=>!>33=!&=!4=!?7@@&=!&=!(*&4=&=!+4&!)3=74(!O.'&=!=33*!
X&+&*'3=+!)&*(*.::&=!=3!+&!P&&@(+3>&=#![&(!)&'+9&*:!).=+!Q'33(@!(7@@&=!
&4=+!/33*(!&=!?&>4=!87'4#!
!

[&(!)&'+9&*:(&3/!?&@(.=+!74(!GN!&=b7c(&7*@!\)*.79&=!&=!/3==&=]!)3=!

.=+&*!3=+&*&!O..'@&A!1.&/&&=@&A!-7'>33*@&A!J@8&LK4@LK&A!17@@4@LK&!&=!
X&+&*'3=+@&!:./3P#!
!

`&!&=b7c(&!?&@(.=+!74(!ME!)*3>&=!.)&*!)&*@LK4''&=+&!:&*=.=+&*9&*Q&=!

\24&!?48'3>&!G]#![&(!4=)7''&=!)3=!+&!)*3>&='48@(!+77*+&!2._!=!DE!/4=7(&=!&=!
9&*+!(&*Q'&::&!+..*!+&!*&@Q.=+&=(&=!2&'P!4=>&)7'+#!`&!)*3>&='48@(!4@!4=!K&(!
O..'@A![.=>33*@A!0'.933:@A!J@8&LK4@LKA!1.&/&&=@A!-7'>33*@A!17@@4@LK!&=!K&(!
`74(@!)&*(33'+#!!
!

Y4(&4=+&'48:!248=!&*!FNN!)*3>&='48@(&=!74(>&+&&'+!933*)3=!&*!&&=!:'&4=!+&&'!

=4&(!?*74:?33*!93@!./+3(!2&!@'&LK(@!4=!2&&*!?&Q&*:(&!/3(&!93*&=!4=>&)7'+#!
C3=!+&!*&@(&*&=+&!FDG!)*3>&='48@(&=!?'&&:!&&=!+&&'!)3=!+&!*&@Q.=+&=(&=!
>&&=!*&L&=(&!3*?&4+@/4>*3=(!(&!248=A!/33*!?48)..*?&&'+!K4&*!(&!@(7+&*&=!.P!3'!
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
U

!`&!*&@Q.=+&=(&=!:.=+&=!K&'33@!=4&(!)43!?48)..*?&&'+!&&=!@(&&:Q*.&P!74(!+&!;-"!
>&).=+&=!9.*+&=#!

DU!

!"9,4&4")-

K&&'!'3=>!4=!X&+&*'3=+!(&!9.=&=#!"3=>&24&=!.=@!.=+&*2.&:!24LK!*4LK(!.Q!
*&L&=(&!3*?&4+@/4>*3=(&=!K&??&=!9&!+&2&!?74(&=!+&!3=3'd@&@!>&K.7+&=#!
Y4(&4=+&'48:!?&+*.&>!K&(!33=(3'!*&L&=(&!3*?&4+@/4>*3=(&=!4=!.=@!:93=(4(3(4&)&!
.=+&*2.&:B!IRU#!!

<$4"$'$+,*,%9%,$%,<&=!?&'3=>*48:&!)*33>!4@!.P!+&!IRU!*&@Q.=+&=(&=!4=!.=@!.=+&*2.&:!
*&Q*&@&=(3(4&P!248=!)..*!3''&!*&L&=(&!3*?&4+@/4>*3=(&=!4=!X&+&*'3=+#!"=+&*@!
>&2&>+!248=!+&!/4>*3=(&=!4=!.=@!.=+&*2.&:!&&=!>.&+&!3P@Q4&>&'4=>!)3=!+&!
(.(3'&!>*.&Q!*&L&=(&!/4>*3=(&=!74(!+&!$S<T'3=+&=!&=!248=!+&!*&@7'(3(&=!)3=!
K&(!.=+&*2.&:!+33*/&&!>&=&*3'4@&&*?33*!=33*!+&!Q.Q7'3(4&#!`&2&!)*33>!4@!
=4&(!&&=).7+4>!(&!?&3=(9..*+&=#!H=!)&&'!:93=(4(3(4&P!@7*)&d!.=+&*2.&:!9.*+(!
>&Q*.?&&*+!+&!*&Q*&@&=(3(4)4(&4(!(&!933*?.*>&=!+..*!K&(!(*&::&=!)3=!&&=!
3@&'&L(&!@(&&:Q*.&P!74(!+&!Q.Q7'3(4&!933*!/&=!.=+&*2.&:!=33*!94'!+.&=#!
"LK(&*3P!4@!K&(!+3=!/.>&'48:!+&!*&@Q.=@>*.&Q!.Q!+&!?&@LK4:?3*&!
3LK(&*>*.=+:&=/&*:&=!\)33:!248=!+3(!>&@'3LK(A!'&&P(48+!&=!+&*>&'48:&]!(&!
)&*>&'48:&=#!"'@!+&!>*.&Q&=!.Q!+&2&!3LK(&*>*.=+:&=/&*:&=!/4=!.P!/&&*!
.)&*&&=@(&//&=!4@!+&!L.=L'7@4&!)&&'3'!+3(!/3>!9.*+&=!33=>&=./&=!+3(!+&!
>*.&Q!*&Q*&@&=(3(4&P!4@#!H=!.=@!.=+&*2.&:!93@!&&=!+&*>&'48:&!9&*:9482&!
&LK(&*!=4&(!/.>&'48:!./+3(!&*!>&&=!*&>4@(*3(4&!)..*!K3=+&=!4@!933*!3''&!
*&L&=(&!$S<T'3=+&*@!4=!248=!)&*(&>&=9..*+4>+#!H=!;-"!4@!?48)..*?&&'+!@'&LK(@!
&&=!*&'3(4&P!?&Q&*:(&!&=!@&'&L(4&)&!>*.&Q!4=>&@LK*&)&=#!%48!K&??&=!+33*./!
>&Q*.?&&*+!*&Q*&@&=(3(4)4(&4(!4=!K&(!.=+&*2.&:!4=!(&!?.79&=!+..*!)43!)&&'!
)&*@LK4''&=+&!:3=3'&=!(&!2.&:&=!&=!+&!&=b7c(&@!.Q!)&*@LK4''&=+&!Q'&::&=!&=!
/3=4&*&=!74(!(&!2&((&=!&=!3P!(&!=&/&=#!`&2&!K&(&*.>&=4(&4(!4=!+&!
+3(3)&*23/&'4=>!933*?.*>(!4=!4&+&*!>&)3'!+&!+4)&*@4(&4(!)3=!+&!
.=+&*2.&:@>*.&Q!=33*!3LK(&*>*.=+:&=/&*:&=A!9&*:A!&=!>&.>*3P4@LK&!
@Q*&4+4=>#!!
!

C..*!&&=!@Q&L4P4&:!+&&'!)3=!.=2&!.=+&*2.&:@>*.&Q!4@!&&=!)&*>&'48:4=>!)3=!

+&!*&@Q.=@>*.&Q!/&(!+&!Q.Q7'3(4&!9&'!/.>&'48:#!C43!+&!Y%C!K&??&=!9&!
=3/&'48:!4=24LK(!4=!&&=!Q33*!:&=/&*:&=!)3=!+&!Q.Q7'3(4&!'&>3'&!9&*:=&/&*@!
+4&!=4&(!4=!+&!;-"!248=!4=>&@LK*&)&=#!H=!.=2&!.=+&*2.&:@>*.&Q!:7==&=!9&!
&&=2&'P+&!@&'&L(4&L*4(&*47/!K3=(&*&=#!C&*>&'48:&=!9&!)&*).'>&=@!+&2&!>*.&Q!
.Q!:&=/&*:&=!2.3'@!K&*:./@(A!>&@'3LK(A!'&&P(48+!&=!@&L(.*A!+3=!:7==&=!9&!
K&(!).'>&=+&!L.=L'7+&*&=#!`&!=4&(!4=!+&!;-"!4=>&@LK*&)&=!9&*:=&/&*@!4=!
.=2&!.=+&*2.&:@>*.&Q!:./&=!b73!:&=/&*:&=!*&+&'48:!.)&*&&=!/&(!+&!
Q.Q7'3(4&!9&*:=&/&*@!74(!+&!$S<T'3=+&=#!`&!)&*+&'4=>!=33*!K&*:./@('3=+!&=!
+&!@&L(.*!933*4=!/&=!9&*:233/!4@!)&*@LK4''&=!@'&LK(@!4=!?&Q&*:(&!/3(&#!6.!4@!
?48)..*?&&'+!K&(!33=+&&'!9&*:=&/&*@!+3(!)43!&&=!74(2&=+?7*&37!9&*:(!

DI!

5$$6&'3%7-8-

=3>&=.&>!>&'48:#!%&'!24&=!9&!+3(!4=!+&!.=+&*2.&:@>*.&Q!&&=!*&'3(4&P!>*.(&*!
33=+&&'!4=!+&!'3=+?.79!9&*:233/!4@#!
W48:&=!9&!=33*!+&!'&&P(48+!&=!K&(!>&@'3LK(A!+3=!24&=!9&!+3(!$S<T'3=+&*@!4=!
.=2&!.=+&*2.&:@>*.&Q!>&/4++&'+!>&=./&=!4&(@!8.=>&*!248=!\D!833*]!+3=!+&!
>&/4++&'+&!'&&P(48+!4=!+&!Q.Q7'3(4&#!J&=@'.((&!24&=!9&!+3(!/3==&=A!(&=!
.Q24LK(&!)3=!K7=!33=+&&'!4=!+&!Q.Q7'3(4&A!4=!+&!.=+&*2.&:@>*.&Q!&=4>@24=@!
248=!.=+&*)&*(&>&=9..*+4>+!\24&!..:!(3?&'!?G#D]#!!

>DFD@!

C%$4,$-%+,$"9%$P'-($,-"$7$+,$-*"#$%&'(%)"*+,$+-.%,-&$-/1306*+&$+"'@!33=)7''4=>!.Q!+&!:93=(4(3(4&)&!+3(3!248=!+4&Q(&T4=(&*)4&9@!3P>&=./&=!+4&!
/&&*!:93'4(3(4&P!>&.*4Z=(&&*+!248=#!`3(!248=!K3'PT>&@(*7L(7*&&*+&!>&@Q*&::&=A!
933*4=!+4&Q&*!4@!4=>&>33=!.Q!+&!.=+&*2.&:@(K&/3_@!&=!.Q)3''&=+&!L48P&*@!+4&!
74(!+&!&=b7c(&!248=!>&:./&=#!$&(!?&K7'Q!)3=!+&2&!+4&Q(&T4=(&*)4&9@!:.=!&&=!
/&&*!>&=73=L&&*+!?&&'+!9.*+&=!>&>&=&*&&*+!)3=!+&!@4(73(4&!)3=!*&L&=(&!
3*?&4+@/4>*3=(&=!74(!+&!$S<T'3=+&=!4=!X&+&*'3=+#!!
!

S/+3(!+&!*&L&=(&!9&*:=&/&*@!74(!+&!$S<T'3=+&=!)33:!&&=!>&*4=>&!

(33'?&K&&*@4=>!K&??&=!)3=!K&(!X&+&*'3=+@A!<=>&'@!&=!`74(@!248=!+&2&!
4=(&*)4&9@!3P>&=./&=!+..*!4=(&*)4&9&*@!+4&!+&2&'P+&!/.&+&*(33'!K&??&=!3'@!
+&!*&@Q.=+&=(&=#!!
!

`&!*&@Q.=+&=(&=!)..*!+4(!:93'4(3(4&)&!+&&'!248=!>&@&'&L(&&*+!74(!+&!

*&@Q.=+&=(&=!+4&!33=!K&(!@7*)&d!K&??&=!+&&'>&=./&=#!H=!(.(33'!248=!&*!4=!
87=4!DG!*&L&=(&!3*?&4+@/4>*3=(&=!>&q=(&*)4&9+# I!"3=>&24&=!)&*74(!+&!>*..(@(&!
>*.&Q!3*?&4+@/4>*3=(&=!4=!X&+&*'3=+!)3=!O..'@&!3P:./@(!4@A!K&??&=!9&!
K..P+23:&'48:!O.'&=!>&@&'&L(&&*+!\GI]#!C&*+&*!K&??&=!9&!+*4&!-7'>3*&=!&=!
&&=!1.&/&&=!>&@&'&L(&&*+A!./+3(!248!b73!3*?&4+@/3*:(@(3(7@!)&*@LK4''&=!/&(!
+&!3=+&*&!$S<T'3=+&*@#!`&!*&@Q.=+&=(&=!)3=!+&!+4&Q(&T4=(&*)4&9@!).*/&=!
&&=!>&/c'&&*+&!>*.&Q!b73!9..=*&>4.A!@&L(.*A!P7=L(4&A!>&@'3LK(A!&(L#!
!

`&!+4&Q(&T4=(&*)4&9@!+77*+&=!2._=!RV!/4=7(&=!k!G!77*!&=!248=!.Q>&=./&=!

&=!'&((&*'48:!>&(*3=@L*4?&&*+# M!

>DFDF!

Z$"*+*6K'$-%+,$"9%$P'-'6$.,$64$"'2+$+H=!K&(!:3+&*!)3=!K&(!.=+&*2.&:!^S.@(T<7*.Q&3=&=!4=!X&+&*'3=+_!248=!DM!
>&@Q*&::&=!/&(!@'&7(&'Q&*@.=&=!>&).&*+!+4&!(&)&=@!)..*!+4(!.=+&*2.&:!
*&'&)3=(!248=#!`&!>&@&'&L(&&*+&!4=P.*/3=(&=!K&??&=!4=!K7=!9&*:!.P!./>&)4=>!
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
I

!<*!248=!4=!(.(33'!DE!>&@Q*&::&=!>&).&*+A!933*)3=!&*!?48!D!>&@Q*&::&=!D!*&@Q.=+&=(&=!
33=9&24>!93*&=#!G!4=(&*)4&9!+3(!4@!3P>&=./&=!/&(!&&=!1.&/&&=!K&??&=!9&!
3P>&:&7*+!33=>&24&=!+&!*&@Q.=+&=(!3'!)&&'!'3=>&*!4=!X&+&*'3=+!?'&&:!(&!9.=&=!&=!
+7@!=4&(!(.(!.=2&!+.&'>*.&Q!?&K..*+&#!64&!K&(!.)&*24LK(!)3=!+&!*&@Q.=+&=(&=!4=!
?48'3>&!G#!
M
!G!*&@Q.=+&=(!94'+&!=4&(!+3(!K&(!>&@Q*&:!9&*+!.Q>&=./&=#!`4(!4=(&*)4&9!4@!.Q!?3@4@!
)3=!33=(&:&=4=>&=!74(>&9&*:(#!
DM!

!"9,4&4")-

)&&'!/&(!$S<T'3=+&*@!(&!/3:&=!&=!?&K.*&=!4=!@.//4>&!>&)3''&=!..:!2&'P!(.(!
+&!+.&'>*.&Q#!H=!+&!>&@Q*&::&=!/&(!@'&7(&'Q&*@.=&=!248=!=33@(!)*3>&=!.)&*!
+&!@4(73(4&!)3=!Q&*/3=&=(&!$S<T'3=+&*@!4=!X&+&*'3=+!..:!)*3>&=!>&@(&'+!
.)&*!?48)..*?&&'+!+&!3*?&4+@@4(73(4&A!@.L433'TL7'(7*&'&!4=(&>*3(4&A!
K74@)&@(4=>@@4(73(4&!&=!./)3=>!)3=!+&!>*.&Q!)3=!(48+&'48:&!S.@(T<7*.Q&@&!
3*?&4+@/4>*3=(&=#!S/+3(!+&!P.L7@!4=!K&(!).*4>&!.=+&*2.&:!.Q!+&!Q&*/3=&=(&!
/4>*3=(&=!74(!S.@(T<7*.Q3!'3>A!4@!K&(!4=(&*)4&9/3(&*433'!.)&*!(48+&'48:&!S.@(T
<7*.Q&@&!3*?&4+@/4>*3=(&=!(.&=(&*(48+!=4&(!(.(!4=!+&(34'!>&3=3'd@&&*+#!`&!
>&@Q*&::&=!/&(!+&!@'&7(&'Q&*@.=&=!248=!+&@(48+@!'&((&*'48:!74(>&9&*:(!&=!248=!
)..*!+4(!.=+&*2.&:!>&K&*3=3'd@&&*+#!-.)&=+4&=!248=!&*!GE!&e(*3!>&@Q*&::&=!
/&(!@'&7(&'Q&*@.=&=!>&K.7+&=!./!+4&Q&*!4=!(&!:7==&=!>33=!.Q!.Q)3''&=+&!
Q7=(&=!74(!K&(!@7*)&d!&=!74(!+&!+4&Q(&T4=(&*)4&9@!/&(!*&L&=(&!
3*?&4+@/4>*3=(&=# F!
!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
F

!64&!K&(!.)&*24LK(!)3=!+&!@'&7(&'Q&*@.=&=!4=!?48'3>&!G#!

DF!

Z225&',.R-G!

GD>!

/1306*+&$"'E-2(9*+)-

U+6$%&%+)O&*!G!/&4!DEER!(*3+&=!O.'&=A![.=>3*48&A!J@8&LK4ZA!0'.93:48&A!<@('3=+A!5&('3=+A!
54(.79&=!&=!0'.)&=4Z!(.&!(.(!+&!<7*.Q&@&!Y=4& GEA!.Q!G!83=73*4!DEEI!).'>+&=!
-7'>3*48&!&=!1.&/&=4Z#!`&!74(?*&4+4=>!)3=!+&!<7*.Q&@&!Y=4&!K&&P(!>*.(&!
>&).'>&=!)..*!+&!9&*:4=>!)3=!+&!%&(!3*?&4+!)*&&/+&'4=>&=!\%3)]#!C.'>&=@!
+&!%3)!+4&=&=!9&*:>&)&*@!?48!)..*:&7*!)3L3(7*&@!(&!)&*)7''&=!/&(!
?4==&='3=+@&!3*?&4+@:*3LK(&=!.P!3*?&4+@:*3LK(&=!74(!+&!<7*.Q&@&!
<L.=./4@LK&!174/(&# GG!`&!74(?*&4+4=>!)3=!+&!<7*.Q&@&!Y=4&!4=!DEER!
?&(&:&=+&!=4&(!+3(!/4>*3=(&=!74(!+&!=4&79&!'4+@(3(&=!)3=3P!+3(!/./&=(!
2.=+&*!?&Q&*:4=>&=!4=!X&+&*'3=+!:.=+&=!9&*:&=#!J.(!G!/&4!DEEI!93@!&*!&&=!
.)&*>3=>@*&>&'4=>!)3=!:*3LK(!933*+..*!9&*:>&)&*@!)&*Q'4LK(!?'&)&=!&&=!
(&9&*:@(&''4=>)&*>7==4=>!)..*!9&*:=&/&*@!74(!+&!$S<T'3=+&=!33=!(&!)*3>&=#!
C3=3P!DEEU!9&*+!K&(!)..*!9&*:>&)&*@!9&'!@(&&+@!/3::&'48:&*!./!&&=!
+&*>&'48:&!(&9&*:@(&''4=>)&*>7==4=>!)..*!9&*:=&/&*@!74(!+&!$S<T'3=+&=!(&!
)&*:*48>&=!)3=9&>&!+&!P3@&>&9482&!)*48@(&''4=>!)3=!+&!3*?&4+@/3*:((.&(@# GD!
C3=3P!G!/&4!DEEI!)&*)4&'&=!3''&!?&Q&*:4=>&=!&=!>&'+(!&*!).''&+4>!)*48!)&*:&&*!
)3=!9&*:=&/&*@!)..*!3''&!$S<T'3=+&=!+4&!4=!DEER!(.(!+&!<Y!248=!
(.&>&(*&+&=#!C..*!/4>*3=(&=!74(!-7'>3*48&!&=!1.&/&=4Z!>&'+(!=.>!@(&&+@!&&=!
.)&*>3=>@*&>&'4=>!933*?48!9&*:>&)&*@!)&*Q'4LK(!248=!&&=!
(&9&*:@(&''4=>@)&*>7==4=>!33=!(&!)*3>&=#!`&!74(?*&4+4=>!)3=!+&!<Y!/33:(!K&(!
)..*!9&*:=&/&*@!+7@!@(&&+@!/3::&'48:&*!./!4=!X&+&*'3=+!(&!>33=!9&*:&=!&=!
K&&P(!+3=!..:!&&=!@(&*:!(.&=&/&=+!33=(3'!3*?&4+@/4>*3=(&=!74(!+&!$S<T
'3=+&=!(.(!>&).'>#!`4(!?'48:(!.=+&*!3=+&*&!74(!+&!.PP4L4Z'&!/4>*3(4&T!&=!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
GE

!! X33@(!+&2&!3LK(!$S<T'3=+&=!:93/&=!..:!hdQ*7@!&=!$3'(3!4=!DEER!?48!+&!<Y#!`&2&!
'3=+&=!:./&=!4=!+4(!.=+&*2.&:!=4&(!33=!+&!.*+&#!!
GG
! `&!<<1!?&(*&P(!'3=+&=!)3=!+&!<7*.Q&@&!Y=4&!4=L'7@4&P!X..*9&>&=A!H,@'3=+A!&=!
54&LK(&=@(&4=#![&(!)*48&!)&*:&&*!)3=!Q&*@.=&=!/&(!694(@&*'3=+!4@!>&*&>&'+!/4++&'@!
+&!(.&(*&+4=>!)3=!694(@&*'3=+!(.(!K&(!C&*+*3>!)3=!0LK&=>&=#!
GD
!! `&!3*?&4+@/3*:((.&(@!K.7+(!4=!+3(!&&=!(&9&*:@(&''4=>@)&*>7==4=>!3''&&=!9.*+(!
)&*'&&=+!3'@!)..*!+&!?&..>+&!P7=L(4&!)3=!+&!3*?&4+@/4>*3=(!>&&=!9&*:=&/&*@!
:7==&=!9.*+&=!>&).=+&=!74(!+&!<7*.Q&@&!<L.=./4@LK&!174/(&!\<<1]!&eL'7@4&P!+&!
'3=+&=!933*)..*!+&!.)&*>3=>@*&>&'4=>!)3=!:*3LK(!93@#![&(!+.&'!)3=!+&!
3*?&4+@/3*:((.&(@!4@!./!)&*+*4=>4=>!)3=!+&2&!9&*:=&/&*@!.Q!+&!3*?&4+@/3*:(!(&!
)..*:./&=#!
NG!

5$$6&'3%7-F-

?&).':4=>@@(3(4@(4&:&=!)3=!K&(!h-0#!H=!Q3*3>*33P!D!>33=!948!=3+&*!4=!.Q!+&2&!
+..*!K&(!h-0!>&*&>4@(*&&*+&!/4>*3(4&@(*./&=#!!
!

[&(!h-0!?3@&&*(!+&!/4>*3(4&T!&=!?&).':4=>@@(3(4@(4&:!.Q!+&!4=!+&!

;&/&&=(&'48:!-3@4@3+/4=4@(*3(4&!>&*&>4@(*&&*+&!?&).':4=>#!<&=!>*..(!+&&'!)3=!
+&!3*?&4+@/4>*3=(&=!@LK*48P(!24LKA!?48)..*?&&'+!./+3(!2&!K4&*!)..*!:.*(&!(48+!
\+&=:&=!(&]!)&*?'48)&=A!=4&(!4=!?48!&&=!X&+&*'3=+@&!>&/&&=(&!&=!:./(!
+33*+..*!+7@!..:!=4&(!)..*!4=!+&!?&).':4=>@@(3(4@(4&:!)3=!K&(!h-0#!X33@(!+&!
/4>*3=(&=!+4&!24LK!K4&*!.PP4L4&&'!)&@(4>&=!4@!&*!+7@!..:!&&=!./)3=>*48:&!>*.&Q!
*&L&=(&!\3*?&4+@]/4>*3=(&=!+4&!4=!+&!?&).':4=>@*&>4@(*3(4&!?74(&=!?&&'+!?'48P(#!
$&(!=3/&!+&2&!*&L&=(&!3*?&4+@/4>*3=(&=!@(33=!L&=(*33'!4=!+4(!.=+&*2.&:#!H=!
Q3*3>*33P!N!)3=!+4(!K..P+@(7:!>&)&=!9&!&&=!4=+4L3(4&!)3=!+&!./)3=>!)3=!
+&2&!>*.&Q#!%&!@'74(&=!K&(!K..P+@(7:!3P!/&(!&&=!@3/&=)3((4=>!\Q3*3>*33P!R]#!!

GDG!

/1306*+&$"'E-%+-&$-`L!-)$"$)%',"$$"&$-(%)"*+,$+-

GDGD>!

U((%)"*,%$-$+-$(%)"*,%$--

C$5%+%,%$'`&!X&+&*'3=+@&!?&).':4=>@@(3(4@(4&:!+4&!+..*!K&(!h-0!9.*+(!>&Q7?'4L&&*+!&=!
933*!4=!+&2&!Q3*3>*33P!>&?*74:!)3=!9.*+(!>&/33:(A!4@!>&?3@&&*+!.Q!
*&>4@(*3(4&@!4=!+&!;&/&&=(&'48:&!-3@4@3+/4=4@(*3(4&!\;-"]#!H//4>*3=(&=!
/.&(&=!24LK!?48!&&=!>&/&&=(&!\4=!+&!;-"]!'3(&=!4=@LK*48)&=!3'@!248!)3=!Q'3=!
248=!4=!K&(!K3'P833*!).'>&=+!.Q!)&@(4>4=>!'3=>&*!+3=!)4&*!/33=+&=!4=!
X&+&*'3=+!(&!)&*?'48)&=#!</4>*3=(&=!+4&=&=!24LK!74(!(&!@LK*48)&=!3'@!+&!
)&*93LK(&!)&*?'48P@+77*!4=!K&(!?74(&='3=+!(&=!/4=@(&!3LK(!/33=+&=!
?&+*33>(# GN!`&!+..*!K&(!h-0!>&Q7?'4L&&*+&!@(3(4@(4&:&=!/3:&=!K&(!/.>&'48:!
/4>*3(4&!(&!?&@LK*48)&=!.Q!?3@4@!)3=!=3(4.=3'4(&4(A!'3=+!)3=!K&*:./@(A!.P!K&(!
>&?..*(&'3=+#!`&!4=!+&2&!Q3*3>*33P!>&Q*&@&=(&&*+&!L48P&*@!.)&*!4//4>*3(4&!&=!
&/4>*3(4&!K&??&=!?&(*&::4=>!.Q!*&>4@(*3(4&!).'>&=@!+4(!'33(@(!>&=.&/+&!
>&?..*(&'3=+!L*4(&*47/# GR!
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
GN

!! "'@!>&).'>!)3=!+&2&!/&(K.+4&:!248=!)&&'!*&L&=(&!3*?&4+@/4>*3=(&=!=4&(!4=!+&!;-"!
>&*&>4@(*&&*+#!648!)&*?'48)&=!K4&*!)33:!:.*(&*!+3=!)4&*!/33=+&=A!K.&)&=!24LK!
+33*./!=4&(!4=!(&!@LK*48)&=!&=!:./&=!+7@!..:!=4&(!)..*!4=!+&!.PP4L4Z'&!
?&).':4=>@@(3(4@(4&:!)3=!K&(!h-0#!H=!+&!Q*3:(48:!27''&=!933*@LK48='48:!..:!/4>*3=(&=!
+4&!K4&*!'3=>&*!?'48)&=!+3=!)4&*!/33=+&=!24LK!=4&(!3'(48+!4=@LK*48)&=!4=!+&!;-"A!/&+&!
./+3(!&*!9&4=4>!*&Q&*L7@@4&@!'48:&=!(&!248=#![4&*+..*!?'48)&=!..:!+&!*&L&=(&!
/4>*3=(&=!+4&!'3=>&*!+3=!)4&*!/33=+&=!4=!X&+&*'3=+!)&*?'48)&=!4=!+&2&!@(3(4@(4&:&=!
/.>&'48:!+&&'@!?74(&=!?&&'+#!H=!Q3*3*33P!D#N!>33=!9&!=3+&*!4=!.Q!+&2&!=4&(!4=!+&!
;-"!>&*&>4@(*&&*+&!/4>*3=(&=#!!
GR
!! H=!K&(!:3+&*!)3=!+4(!.=+&*2.&:!2.7!&&=!?&@LK*48)4=>!)3=!+&!/4>*3(4&!.Q!?3@4@!)3=!
+&!=3(4.=3'4(&4(!/&&*!)..*!+&!K3=+!'4>>&=!./+3(!=3(4.=3'4(&4(!K&(!L*4(&*47/!4@!)..*!
+&!%&(!3*?&4+!)*&&/+&'4=>&=#!h-0!)&*@(*&:(!)43!0(3('4=&!&LK(&*!>&&=!>&+&(34''&&*+&!
ND!

:;<=9*"&,/'?-$2+*")-

U((%)"*,%$H//4>*3(4&!)3=74(!$4++&=T!&=!S.@(T<7*.Q3!4@!>&&=!=4&79!)&*@LK48=@&'#!6.!
:./&=!?48)..*?&&'+!3'!)..*!+&!J9&&+&!%&*&'+..*'.>!O.'&=!=33*!X&+&*'3=+!
./!4=!+&!54/?7*>@&!/48=&=!(&!9&*:&=!&=!:./&=!=3!+&![.=>33*@&!.Q@(3=+!4=!
GFVU!*74/!NEEE![.=>33*@&!)'7LK(&'4=>&=!=33*!.=@!'3=+#!X3!+&!O*33>@&!'&=(&!
4=!GFUM!)*.&>&=!.=>&)&&*!FEE!J@8&LK&=!3@4&'!33=!&=!=3!K&(!74(*.&Q&=!)3=!+&!
=..+(.&@(3=+!4=!O.'&=!4=!GFMD!9.*+(!33=!.=>&)&&*!DVE!O.'&=!3@4&'!)&*'&&=+!
\h.*Q&'&48=!DEEU]#!
f4>77*!D#G!P.L7@(!.Q!+&!4//4>*3(4&!)3=!$S<T'3=+&*@!4=!+&!Q&*4.+&!GFFVT
DEEM#!`33*?48!9.*+(!.=+&*@LK&4+!>&/33:(!(7@@&=!&=&*248+@!/4>*3=(&=!74(!+&!
3LK(!$4++&=T!&=!S.@(T<7*.Q&@&!'3=+&=!+4&!4=!DEER!(.(!+&!<7*.Q&@&!Y=4&!248=!
(.&>&(*&+&=!&=!3=+&*248+@!/4>*3=(&=!74(!1.&/&=4Z!&=!-7'>3*48&!+4&!4=!DEEI!
?48!+&!<7*.Q&@&!Y=4&!248=!>&:./&=#!
!
!
NE#EEE

!
!

DV#EEE

!
-

DE#EEE

-

GV#EEE

-

GE#EEE

V#EEE

E

-

TV#EEE

-

TGE#EEE
GFFV

GFFU

GFFI

GFFM

GFFF

DEEE

DEEG

4//4>*3(4&!$S<!DEER
&/4>*3(4&!$S<!DEER
/4>*3(4&@3'+.

DEED

DEEN

DEER

DEEV

DEEU

DEEI

DEEM

4//4>*3(4&!-7'>3*48&j1.&/&=4Z
&/4>*3(4&!-7'>3*48&j1.&/&=4Z

[%).."-GD>E-/%)"*,%$-9*+-/1306*+&$"'->WWY0GBBA-ED/$"?-LM1G-

!
H=!+&!Q&*4.+&!GFFVTGFFF!:./&=!&*!833*'48:@!2._=!N#EEE!4//4>*3=(&=!74(!+&!
$S<T'3=+&=#!C..*!.=>&)&&*!+&!K&'P(!>33(!K&(!+33*?48!./!/4>*3=(&=!74(!O.'&=!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
4=P.*/3(4&!.)&*!+&!=3(4.=3'4(&4(!)3=!+&!4//4>*3=(&=!&=!&/4>*3=(&=A!/33*!9&'!.)&*!
K&(!>&?..*(&'3=+#!S/+3(!K&(!>&?..*(&'3=+!&=!+&!=3(4.=3'4(&4(!)..*!K&(!>*..(@(&!
+&&'!)3=!+&!/4>*3=(&=!.)&*&&=:./(!4@!K&(!)&*@LK4'!(7@@&=!+&2&!L48P&*@!?&Q&*:(!\24&!
?#)#!+&!-../!&(!3'#!DEEM3]#!!
NN!

5$$6&'3%7-F-

\24&!?48'3>&!DA!(3?&'!?D#G]#!C3=3P!DEEE!=&&/(!+&!4//4>*3(4&!'3=>233/!)&*+&*!
(.&!(.(!.=>&)&&*!R#VEE!4=!DEEN#!!
!

X3!+&!&&*@(&!74(?*&4+4=>!)3=!+&!<7*.Q&@&!Y=4&!4=!DEER!)&*+7??&'(!K&(!

33=(3'!/4>*3=(&=!(.(!M#REE!&=!=&&/(!)&*+&*!(.&!(.(!?48=3!GD#EEE!4=!DEEU#![&(!
>33(!+33*?48!)..*=3/&'48:!./!O..'@&!/4>*3=(&=#!X3!+&!(.&(*&+4=>!(.(!+&!
<7*.Q&@&!Y=4&!)3=!-7'>3*48&!&=!1.&/&=4Z!Q&*!G!83=73*4!DEEI!&=!K&(!
9&>)3''&=!)3=!+&!?&Q&*:&=+&!/33(*&>&'&=!Q&*!G!/&4!DEEI!)..*!
3*?&4+@/4>*3=(&=!74(!+&!$S<T'3=+&=!+4&!4=!DEER!93*&=!(.&>&(*&+&=A!2&(!+&2&!
@(48>4=>!4=!)&*@(&*:(&!/3(&!+..*#!H=!DEEI!)&@(4>&=!24LK!).'>&=@!+&!L48P&*@!)3=!
K&(!h-0!/&&*!+3=!DE#EEE!/4>*3=(&=!74(!+&!$S<T'3=+&=!4=!X&+&*'3=+#!`&2&!
@(48>4=>!(&=!.Q24LK(&!)3=!DEEU!:./(!/&(!=3/&!)..*!*&:&=4=>!)3=!+&!
-7'>3*&=!&=!+&!1.&/&=&=#!H=!DEEI!:./&=!R#MEE!-7'>3*&=!&=!D#REE!
1.&/&=&=!=33*!X&+&*'3=+#!H=!DEEU!:93/&=!74(!?&4+&!'3=+&=!@3/&=!=4&(!
/&&*!+3=!G#DEE!4//4>*3=(&=#!H=!DEEM!'..Q(!+&!4//4>*3(4&!74(!+&!$S<T'3=+&=!
)&*+&*!.Q!(.(!?48=3!DU#EEE!/&(!=3/&!3'@!>&).'>!)3=!K&(!@(&*:!(.&>&=./&=!
33=(3'!O..'@&!4//4>*3=(&=!\24&!..:!(3?&'!?D#G]#!
!

$&(!+&!(.&=3/&!)3=!+&!4//4>*3(4&!)3=74(!+&!$S<T'3=+&=!)&*3=+&*(!..:!

K&(!:3*3:(&*!)3=!+&!4//4>*3(4&#!H=!+&!(9&&+&!K&'P(!)3=!+&!83*&=!=&>&=(4>!&=!
4=!+&!&&*@(&!83*&=!)3=!K&(!=4&79&!/4''&==47/!93@!+&!/4>*3(4&!)..*=3/&'48:!
P3/4'4&!>&*&'3(&&*+#!6.!:./(!4=!GFFV!*74/!+*4&:93*(!)3=!+&!/4>*3=(&=!74(!+&!
$S<T'3=+&=!=33*!X&+&*'3=+!)3=9&>&!>&24=@K&*&=4>4=>!.P!>&24=@).*/4=>#!H=!
DEEN!).*/&=!>&24=@K&*&=4>4=>!&=!>&24=@).*/4=>!=.>!@(&&+@!K&(!
?&'3=>*48:@(&!/4>*3(4&/.(4&P!\RUi]#!H=!+&!83*&=!+33*=3!=&&/(!K&(!33=+&&'!
>&24=@/4>*3=(&=!@(&&+@!)&*+&*!3P!(.(!DN!Q*.L&=(!4=!DEEI!\24&!(3?&'!?D#RA!4=!
?48'3>&!D]#!`4(!93*&=!)..*=3/&'48:!)*.79&=!+4&!=33*!X&+&*'3=+!:93/&=!./!
(&!(*.79&=!/&(!&&=!X&+&*'3=+@&!/3=!\24&!..:!O..'!DEEN]#!H=!+4&!Q&*4.+&!
4//4>*&&*+&=!+3=!..:!\)&&']!/&&*!)*.79&=!74(!+&!$S<T'3=+&=!=33*!
X&+&*'3=+!+3=!/3==&=!\)>'#!(3?&'!?D#D!&=!?D#N]#![&(!33=+&&'!
3*?&4+@/4>*3=(&=!=&&/(!4=!+&!Q&*4.+&!GFFVTDEEI!874@(!@(&*:!(.&#!H=!GFFV!
:./(!/4=+&*!+3=!GE!Q*.L&=(!)3=!+&!/4>*3=(&=!=33*!X&+&*'3=+!./!(&!9&*:&=#!
H=!DEEI!4@!K&(!33=+&&'!3*?&4+@/4>*3=(&=!>&@(&>&=!(.(!?.)&=!+&!UE!Q*.L&=(#!
$&(!+&!@(&*:!@(48>&=+&!3*?&4+@/4>*3(4&!=&&/(!..:!K&(!33=+&&'!/3==&'48:&!
4//4>*3=(&=!(.&#!H=!DEEU!:./&=!&*!)..*!K&(!&&*@(!/&&*!/3==&=!+3=!
)*.79&=!74(!+&!$S<T'3=+&=!=33*!X&+&*'3=+#!S.:!4=!DEEI!&=!DEEM!4@!+4(!K&(!
>&)3'#!!

3(%)"*,%$`&!4=!P4>77*!D#G!>&Q*&@&=(&&*+&!L48P&*@!'3(&=!24&=!+3(!=4&(!3''&!4//4>*3=(&=!
+4&!24LK!4=!+&!;-"!4=@LK*48)&=!24LK!)..*!'3=>&*&!(48+!.P!Q&*/3=&=(!4=!

NR!

:;<=9*"&,/'?-$2+*")-

X&+&*'3=+!)&@(4>&=#!$&(!+&!(.&=&/&=+&!4//4>*3(4&!=&&/(!..:!+&!&/4>*3(4&!
(.&A!248!K&(!4=!/4=+&*&!/3(&!+3=!+&!4//4>*3(4&#!H=!DEEM!)&*(*&::&=!?48=3!
F#VEE!$S<T'3=+&*@!74(!X&+&*'3=+#!H=!GFFV!93*&=!+3(!&*!/4=+&*!+3=!G#EEE!&=!
4=!DEEN!)..*!+&!74(?*&4+4=>!)3=!+&!<Y!*74/!D#GEE!\24&!(3?&'!?D#V!4=!+&!?48'3>&!
?48!+4(!K..P+@(7:]#!C3=!+&!O..'@&!4//4>*3=(&=!74(!DEER!4@!).'>&=@!L48P&*@!)3=!
K&(!h-0!(.(!&=!/&(!DEEU!?48=3!&&=!:93*(!9&&*!(&*7>>&:&&*+!\X4L.'33@!DEEI]#!

GDGDG!

C$(2)"*5%$H=!+&2&!Q3*3>*33P!'3(&=!9&!24&=!+3(!K&(!33=(3'!4=!X&+&*'3=+!>&)&@(4>+&!$S<T
'3=+&*@!3'@!>&).'>!)3=!+&2&!/4>*3(4&@(*./&=!@(&*:!4@!(.&>&=./&=#!X&(!3'@!4=!
+&!).*4>&!Q3*3>*33P!*4LK(&=!9&!.=@!K4&*!.Q!+&!*&>7'4&*&!?&).':4=>!\+3(!94'!
2&>>&=!Q&*@.=&=!+4&!24LK!K4&*!.PP4L4&&'!K&??&=!>&)&@(4>+!+..*!24LK!4=!K&(!
?&).':4=>@*&>4@(&*!)3=!&&=!>&/&&=(&!4=!(&!@LK*48)&=]#!!

C$5%+%,%$-9*+-#$926R%+)')"2$4$+Y4(!)..*>33=+&!Q3*3>*3P&=!9&*+!+74+&'48:!+3(!/4>*3=(&=!.Q!)&*@LK4''&=+&!
/3=4&*&=!>&+&P4=4&&*+!:7==&=!9.*+&=#!S.:!?48!+&!?&@LK*48)4=>!)3=!+&!
?&).':4=>!:3=!)..*!+4)&*@&!4=)3'@K.&:&=!9.*+&=!>&:.2&=#!6.!:3=!+&!
?&).':4=>!9.*+&=!?&@LK*&)&=!.Q!?3@4@!)3=!=3(4.=3'4(&4(A!>&?..*(&'3=+!&=!
&(=4L4(&4(#!`&!+&P4=4(4&!)3=!?&).':4=>@>*.&Q&=!.Q!?3@4@!)3=!K7=!&(=4L4(&4(!4@!4=!
X&+&*'3=+@!.=+&*2.&:!=33*!+&!/33(@LK3QQ&'48:&!Q.@4(4&!)3=!/4=+&*K&+&=!K&(!
/&&@(!>&?*74:&'48:#!H=!+&2&!+&P4=4(4&!9.*+&=!=4&(!3''&&=!/4>*3=(&=!(.(!+&!
3''.LK(.=&!?&).':4=>!>&*&:&=+A!/33*!..:!4=!X&+&*'3=+!>&?.*&=!:4=+&*&=!)3=!
+&2&!/4>*3=(&=#!<&=!3''.LK(..=!4@!+33*?48!>&+&P4=4&&*+!3'@!&&=!Q&*@..=!)3=!
94&!(&=!/4=@(&!ll=!)3=!+&!.7+&*@!4=!K&(!?74(&='3=+!>&?.*&=!4@#!C..*!+4(!
.=+&*2.&:A!933*4=!9&!.=@!*4LK(&=!.Q!*&L&=(&!3*?&4+@/4>*3=(&=A!4@!
4+&=(4P4L3(4&!)3=!$S<T'3=+&*@!.Q!?3@4@!)3=!&(=4L4(&4(!&=!.P!>&?..*(&'3=+!
/4=+&*!*&'&)3=(#!H//&*@!?48!&&=!(&''4=>!)3=!+&!4=!X&+&*'3=+!>&)&@(4>+&!$S<T
'3=+&*@!.Q!?3@4@!)3=!K7=!>&?..*(&'3=+!:./&=!9&!*&'3(4&P!)&&'!/4>*3=(&=!
(&>&=!+4&!3'!'3=>!4=!X&+&*'3=+!)&*?'48)&=!&=!933*)3=!&&=!>*..(!+&&'!4=/4++&'@!
4@!>&=3(7*3'4@&&*+!&=!+7@!\..:]!+&!X&+&*'3=+@&!=3(4.=3'4(&4(!K&&P(#!S.:!4=!
X&+&*'3=+!>&?.*&=!:4=+&*&=!)3=!$S<T'3=+&*@!?&K.*&=!Q&*!+&P4=4(4&!=4&(!(.(!
+&!+.&'>*.&Q!)3=!+4(!.=+&*2.&:#![&(!=3(4.=3'4(&4(@L*4(&*47/!@'74(!+7@!K&(!?&@(&!
33=!?48!+&!.=+&*2.&:@)*33>#!

U+-&$-`L!-)$"$)%',"$$"&$-/1306*+&$"'-%+-N$&$"6*+&`&!(.&>&=./&=!4//4>*3(4&!)4=+(!74(&*33*+!248=!9&&*@'3>!4=!+&!
?&).':4=>@L48P&*@#!f4>77*!D#D!'33(!&&=!@(&*:&!(.&=3/&!)3=!+&!4=!X&+&*'3=+!
>&)&@(4>+&!\4=!+&!;-"!>&*&>4@(*&&*+&]!$S<T'3=+&*@!24&=#!6.!4@!K&(!33=(3'!4=!

NV!

5$$6&'3%7-F-

X&+&*'3=+!>&)&@(4>+&!Q&*@.=&=!/&(!&&=!=3(4.=3'4(&4(!)3=!&&=!)3=!+&!$S<T
'3=+&=!@4=+@!GFFU!/&&*!+3=!)&*2&@).7+4>+!)3=!*74/!GE#EEE!4=!GFFU!(.(!?48=3!
UV#EEE!Q&*!G!83=73*4!DEEF# GV!O.'&=!).*/&=!+33*?4==&=!&&=!*74/&!
/&&*+&*K&4+!\VVi]#!"=+&*&!>*.(&!>*.&Q&=!248=!+&!-7'>3*&=!\GUi]!&=!+&!
1.&/&=&=!\GEi]#!!
!
!

=F.FFF
#84290
5*&0%29;467#4-4/94
@F.FFF

3##&)

!
!
!
!

BF.FFF

!
!

CF.FFF

!
!

?F.FFF

!
!

<F.FFF

!
!

>F.FFF

!
!

F
>EE@

>EE=

>EED

! >EEE

<FFF

<FF>

<FF<

<FF?

<FFC

<FFB

<FF@

<FF=

<FFD

<FFE

[%).."-GDGE-U+-&$-`L!-)$"$)%',"$$"&$-/1306*+&$"'-%+-N$&$"6*+&-+**"-+*,%2+*6%,$%,->WWX0GBBW!EM/$"?-LM1I-'3*394",G-

GD@!

/1306*+&$"'E-+%$,-%+-&$-`L!-)$"$)%',"$$"&$-(%)"*+,$+[&(!h-0!?3@&&*(!?.)&=@(33=+&!?&).':4=>@@(3(4@(4&:&=!.Q!+&!*&>4@(*3(4&@!4=!+&!
;-"#!X33@(!+&2&!/4>*3=(&=!+4&!24LK!.PP4L4&&'!4=!X&+&*'3=+!)&@(4>&=!4@!&*!&&=!
./)3=>*48:&!>*.&Q!/&(!=3/&!*&L&=(&!\3*?&4+@]/4>*3=(&=!+4&!=4&(!4=!+&!
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
GV

!! `&!./)3=>!)3=!+&!Q.Q7'3(4&!4=!+&!;-"!>&*&>4@(*&&*+&!$S<T'3=+&*@!4@!@(&*:!
3PK3=:&'48:!)3=!+&!>&:.2&=!+&P4=4(4&#!SQ!?3@4@!)3=!=3(4.=3'4(&4(!(&'(!X&+&*'3=+!Q&*!G!
83=73*4!DEEF!?48=3!UV#EEE!$S<T'3=+&*@#!SQ!+&2&'P+&!Q&4'+3(7/!@(33=!&*!FE#EEE!
Q&*@.=&=!4=!+&!;-"!>&*&>4@(*&&*+!+4&!248=!>&?.*&=!4=!&&=!)3=!+&!$S<T'3=+&=#!SQ!
?3@4@!)3=!+&!+&P4=4(4&!)3=!>&?..*(&'3=+!248=!&*!+7@!DV#EEE!$S<T'3=+&*@!/&&*!+3=!
.Q!?3@4@!)3=!=3(4.=3'4(&4(#!`4(!248=!/&(!=3/&!$S<T'3=+&*@!+4&!*&&+@!>&*74/&!(48+!4=!
X&+&*'3=+!9.=&=!&=!(.(!X&+&*'3=+&*!248=!>&=3(7*3'4@&&*+#!648!:./&=!+7@!=4&(!4=!+&!
(&''4=>!)3=!P4>77*!D#D!)..*#!`33*=33@(!4@!&*!&&=!33=24&='48:!33=(3'!Q&*@.=&=!+3(!2&'P!
4=!X&+&*'3=+!4@!>&?.*&=!&=!&&=!.P!(9&&!.7+&*@!K&&P(!+4&!4=!&&=!)3=!+&!$S<T'3=+&=!
4@!>&?.*&=#!H=!(.(33'!248=!+3(!&*!.=>&)&&*!NV#EEE#!H=!+&!+&P4=4(4&!)3=!&(=4@LK&!
K&*:./@(!(&''&=!248!/&&!3'@!$S<T'3=+&*@#!O&*!GTGTDEEF!248=!&*!.Q!?3@4@!)3=!
L*4(&*47/!&(=4@LK&!K&*:./@(!?48=3!GDU#EEE!$S<T'3=+&*@!4=!X&+&*'3=+!>&*&>4@(*&&*+!
\24&!..:!(3?&'!?D#U!(j/!?D#M!4=!+&!?48'3>&!?48!+4(!K..P+@(7:]#!

NU!

:;<=9*"&,/'?-$2+*")-

.PP4L4Z'&!?&).':4=>@*&>4@(*3(4&@!)..*:./(!./+3(!248!24LK!=4&(!4=!+&!;-"!
\:7==&=]!'3(&=!4=@LK*48)&=#!6.!248=!?48)..*?&&'+!3*?&4+@/4>*3=(&=!+4&!K4&*!
:.*(&*!+3=!)4&*!/33=+&=!9&*:&=!Q&*!+&P4=4(4&!=4&(!4=!+&!;-"!>&*&>4@(*&&*+#!
S.:!\3*?&4+@]/4>*3=(&=!+4&!)3=!Q'3=!248=!)..*!'3=>&*&!(48+!=33*!X&+&*'3=+!(&!
:./&=!&=!..:!Q&=+&'33*@!248=!=4&(!3'(48+!4=!+&!;-"!4=>&@LK*&)&=#!H=!)&*?3=+!
/&(!?48)..*?&&'+!K74@)&@(4=>!&=!K&(!)..*24&=4=>&=>&?*74:!4@!K&(!*&'&)3=(!&&=!
4=+4L3(4&!(&!K&??&=!)3=!+&!./)3=>!)3=!+&2&!>*.&Q!$S<T'3=+&*@!+4&!?74(&=!
K&(!24LK(!?'48P(!)3=!+&!.PP4L4Z'&!?&).':4=>@*&>4@(*3(4&@#!H=!+&2&!Q3*3>*33P!
?*&=>&=!9&!+&!>*..((&!)3=!+4)&*@&!L3(&>.*4&Z=!=4&(!4=!+&!;-"!4=>&@LK*&)&=!
$S<T'3=+&*@!4=!:33*(#!!

GD@D>!

N%$,-%+-&$-`L!-)$"$)%',"$$"&$-6$)*6$-P$"R+$($"'-.%,-&$-/1306*+&$+[&(!33=(3'!'&>3'&!9&*:=&/&*@!74(!+&!$S<T'3=+&=!:3=!.Q!&&=!*&'3(4&P!
?&(*.79?3*&!/3=4&*!4=!:33*(!9.*+&=!>&?*3LK(!.Q!?3@4@!)3=!+&!*&>4@(*3(4&!)3=!
'..=>&>&)&=@!?48!+&!-&'3@(4=>+4&=@(#!%&*:>&)&*@!248=!)&*Q'4LK(!./!Q&*4.+4&:!
'..=>&>&)&=@!)3=!3''&!?&(*&PP&=+&!9&*:=&/&*@!33=!(&!'&)&*&=!33=!+&!
-&'3@(4=>+4&=@(A!.=>&3LK(!.P!+&!9&*:=&/&*!Q&*/3=&=(!.P!(48+&'48:!.P!>&K&&'!
=4&(!9..=3LK(4>!4@!4=!X&+&*'3=+#!`&2&!>&>&)&=@!9.*+&=!+..*>&'&)&*+!33=!K&(!
Y4().&*4=>@4=@(4(77(!%&*:=&/&*@)&*2&:&*4=>&=!\Y%C]#!!
!

H=!+&2&!Q3*3>*33P!/3:&=!9&!>&?*74:!)3=!+&2&!'..=>&>&)&=@!.)&*!K&(!833*!

DEEM#!SQ!.=@!)&*2.&:!K&&P(!K&(!Y%C!+&!'..=>&>&)&=@!)3=!9&*:=&/&*@!.Q!
?3@4@!)3=!K&(!?7*>&*@&*)4L&=7//&*!\-0X]!>&:.QQ&'+!33=!+&!4=!+&!;-"!
>&*&>4@(*&&*+&!?&).':4=>#!SQ!?3@4@!)3=!+&2&!:.QQ&'4=>!:3=!&&=!.=+&*@LK&4+!
9.*+&=!>&/33:(!(7@@&=!+&!4=!+&!;-"!&=!=4&(!4=!+&!;-"!>&*&>4@(*&&*+&!
9&*:=&/&*@#!X33@(!'..=>&>&)&=@!/.&(&=!9&*:>&)&*@!..:!&&=!33=(3'!
Q&*@..=@:&=/&*:&=!.Q>&)&=A!933*.=+&*!=3(4.=3'4(&4(#!H=+4&=!&&=!Q&*@..=!
=4&(!>&*&>4@(*&&*+!@(33(!4=!+&!;-"A!:3=!)43!+&!33=>4P(&!)3=!+&!9&*:>&)&*!
?&:&:&=!9.*+&=!9&':&!=3(4.=3'4(&4(!+&2&!Q&*@..=!K&&P(!&=!4=!9&':!'3=+!+&2&!
Q&*@..=!T).'>&=@!+&!9&*:>&)&*T!4@!>&)&@(4>+#!"3=!+&!K3=+!)3=!+&2&!
>&>&)&=@!:3=!4=24LK(!)&*:*&>&=!9.*+&=!4=!K&(!33=(3'!\'&>33']!4=!'..=+4&=@(!
9&*:23/&!3*?&4+@/4>*3=(&=!74(!+&!$S<T'3=+&=!+3(!=4&(!4@!>&*&>4@(*&&*+!4=!+&!
;-"#!J3?&'!D#G!(..=(!K&(!33=(3'!=4&(!4=!+&!;-"!>&*&>4@(*&&*+&!9&*:=&/&*@!
/&(!&&=!$S<T=3(4.=3'4(&4(!4=!K&(!833*!DEEM#![&(!?&(*&P(!3''&!9&*:=&/&*@!+4&!
.Q!&=4>!/./&=(!4=!+&!?&(*&PP&=+&!/33=+!K&??&=!>&9&*:(#!X4&(!4&+&*&!
9&*:=&/&*!/&(!'..=!4=!&&=!33=>4P(&(48+)3:!K&&P(!=..+23:&'48:&*948@!+&!
>&K&'&!/33=+!>&9&*:(#![&(!:3=!..:!>33=!./!9&*:=&/&*@!+4&!/33*!&&=!+&&'!

NI!

5$$6&'3%7-F-

)3=!+&!/33=+!K&??&=!>&9&*:(#![&(!33=(3'!9&*:=&/&*@!.Q!&&=!@Q&L4P4&:&!
Q&4'+3(7/!4@!+7@!'3>&*!+3=!+&!4=!(3?&'!D#G!)&*/&'+&!33=(3''&=# GU!!
!

%&!24&=!+3(!+&!3*?&4+@/4>*3(4&!>&+7*&=+&!K&(!833*!DEEM!@(&*:!(.&=&&/(#!

H=!/33*(!DEEM!K&??&=!&*!VU#EEE!$S<T'3=+&*@!4=!X&+&*'3=+!>&9&*:(!)..*!94&!
'..=?&'3@(4=>!9&*+!3P>&+*3>&=!&=!+4&!=4&(!4=!+&!;-"!93*&=!4=>&@LK*&)&=#!H=!
+&L&/?&*!DEEM!4@!+4(!33=(3'!(.&>&=./&=!(.(!*74/!MI#EEE#!
!
^*#$6-GD>E-N%$,-%+-&$-`L!-%+)$'78"$9$+-P$"R+$($"'-.%,-&$-/1306*+&$+-%+-622+&%$+',-+**"-+*,%2+*6%,$%,-a',"22(7%T5$"'c-

!
!!

H%%2$!<FFD!
%%/$%&!! K42M4/$%04!
BB.E<E!
>FFAF!
!
!
!
!
BF.BC?!
EFAC!
>.<EF!
<A?!
E><!
>A@!
>.C?E!
<A@!
C?!
FA>!
><@!
FA<!
C=>!
FAD!
><D!
FA<!
@<E!
>A>!
?CD!
FA@!
!
!
!
!
?D.CDC!
@DAD!
>=.?ED!
?>A>!
!
!
!
!
>F.FCF!
>DAF!
<C.CE=!
C?AD!
>>.EF=!
<>A?!
=.DD?!
>CA>!
>.BEB!
<AE!

-.'))/!
!
*)'%.*)/%'#%'!
3##&)!
J&#:%%1)!
";4MN9)MN!
O#/0%%2)!
P)$)!
Q4$)!
Q9$#*:)!
J&#844/)!
7#4-44/)!
5*&0%%2)!
!
$#&/)01'!
H%/!
R2#*:!
!
2##3'%45!
>B!$6-!<C!;%%2!
<B!$6-!?C!;%%2!
?B!$6-!CC!;%%2!
CB!$6-!BC!;%%2!
BB!;%%2!4#!
52#/S!TURA!(4:4219/0!79)(#!

I*/9!<FFD!
%%/$%&! K42M4/$%04
=C.F=C
>FFAF

@@.=>E
>.=FE
>.FB@
<.<FF
@<
>=C
B@<
>C?
E?C
B>B

EFA>
<A?
>AC
?AF
FA>
FA<
FAD
FA<
>A?
FA=

BF.FCE
<?.E=B

@=A@
?<AC

>D.F<F
<E.@@C
>C.CDD
E.D@?
<.F?>

<CA?
CFAF
>EA@
>?A?
<A=

J4K$4-(42!<FFD!
%%/$%&! 342M4/$%04!
DE.C<E
>FFAF!
!
!
=E.@C?
DEA>!
<.FE=
<A?!
>.<BD
>AC!
?.CF>
?AD!
DC
FA>!
?FF
FA?!
@BC
FA=!
>=>
FA<!
>.>B@
>A?!
@@B
FA=!
!
!
@F.F=C
@=A<!
<E.<=?
?<A=!
!
!
<<.<>F
<CAD!
?B.BB=
?EAD!
>=.<D>
>EA?!
>>.D>C
>?A<!
<.B@F
<AE!

L4M4-(42!<FFD!
%%/$%&!! K42M4/$%04
D=.>EC!
>FFAF
!
!
=@.DBD!
DDA>
>.EDB!
<A?
>.<DD!
>AB
?.D?>!
CAC
><=!
FA>
?D>!
FAC
@?@!
FA=
>=D!
FA<
>.<=F!
>AB
@CF!
FA=
!
!
B=.=EB!
@@A?
<E.?<<!
??A@
!
!
>E.@B?!
<<AB
?B.BD@!
CFAD
>=.@F<!
<FA<
>>.D=@!
>?A@
<.C@>!
<AD

!
C&*74(!K&(!>*..(@(&!+&&'!)3=!+&2&!9&*:=&/&*@!248=!/4>*3=(&=!/&(!+&!O..'@&!
=3(4.=3'4(&4(!\MMi]#!`&2&!3*?&4+@/4>*3=(&=!248=!/&(!=3/&!/3==&=!\UUi]!&=!
248=!*&'3(4&P!8.=>#!174/!UN!Q*.L&=(!4@!8.=>&*!+3=!NV!833*#!!
!

H=!K..P+@(7:!G!4@!3'!4=>&>33=!.Q!K&(!@Q&L4P4&:&!^)'.&4?3*&_!:3*3:(&*!)3=!+&!

/4>*3(4&!)3=!$S<T'3=+&*@!933*/&&!9.*+(!?&+.&'+!+3(!9&!(&!/3:&=!K&??&=!
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
GU

!! %&!*3QQ.*(&*&=!K4&*!.)&*!9&*:=&/&*@!+4&!.Q!&=4>!/./&=(!4=!+&!?&(*&PP&=+&!/33=+!
K&??&=!>&9&*:(!./+3(!+4(!K&(!/&&@(!?&(*.79?3*&!>&>&)&=!4@#![&(!248=!+7@!
3*?&4+@/4>*3=(&=!+4&!.Q!&=4>!/./&=(!4=!+&!?&(*&PP&=+&!/33=+!K&??&=!>&9&*:(#!
[&(!33=(3'!9&*:=&/&*@!.Q!&&=!@Q&L4P4&:&!Q&4'+3(7/!4@!'3>&*#!H=!+&!'..=>&>&)&=@!4@!
..:!+&!?&>4=!&=!&4=++3(7/!)3=!K&(!+4&=@()&*?3=+!.Q>&=./&=#!SQ!?3@4@r+33*)3=!
:7==&=!9&!&&=!4=+4L3(4&!:*48>&=!)3=!K&(!33=(3'!9&*:=&/&*@!.Q!&&=!@Q&L4P4&:&!
Q&4'+3(7/#!$&(!=3+*7:!@Q*&:&=!9&!K4&*!.)&*!&&=!4=+4L3(4&!./+3(!=4&(!)..*!3''&!
9&*:=&/&*@!&&=!>&'+4>&!&=!?&(*.79?3*&!?&>4=!&=!&4=++3(7/!4=!K&(!?&@(3=+!4@!
.Q>&=./&=#!SQ!?3@4@!)3=!+&!+7@!=4&(!>&K&&'!?&(*.79?3*&!?&>4=!&=!&4=++3(7/!4@!
?&*&:&=+!+3(!&*!Q&*!GV!+&L&/?&*!DEEM!)..*!MG#REE!=4&(!4=!+&!;-"!>&*&>4@(*&&*+&!
$S<T'3=+&*@!'..=?&'3@(4=>!9.*+(!3P>&+*3>&=#!

NM!

:;<=9*"&,/'?-$2+*")-

/&(!&&=!>*.&Q!/4>*3=(&=!+4&!>*.(&=+&&'@!2&&*!/.?4&'!4@#!`4(!?&(&:&=(!+3(!+&!
>*.&Q!+4&!.Q!&=4>!/./&=(!4=!DEEM!4=!X&+&*'3=+!K&&P(!>&9&*:(!&=j.P!K&&P(!
>&9..=+!33=24&='48:!>*.(&*!4@#!Y4(!+&!'..=>&>&)&=@!?'48:(!+3(!&*A!?&24&=!.)&*!
K&(!>&K&'&!833*!DEEM!*74/!GVV#EEE!/4>*3=(&=!74(!+&!$S<T'3=+&=!)..*!
:.*(&*&!.P!'3=>&*&!(48+!4=!X&+&*'3=+!K&??&=!>&9&*:(!&=!=4&(!4=!+&!;-"!93*&=!
4=>&@LK*&)&=# GI!

=226'$-P$"R+$($"'-($,-$$+-C.%,'$-+*,%2+*6%,$%,H=!O.'&=!4@!&*!&&=!.PP4L4&&'!&*:&=+&!`74(@&!/4=+&*K&4+A!)3=!L4*L3!NEE#EEE!
Q&*@.=&=#!`&2&!Q&*@.=&=!?&24((&=!=33@(!+&!O..'@&!=3(4.=3'4(&4(!/&&@(3'!..:!
+&!`74(@&!=3(4.=3'4(&4(!\<L.*d@!DEEUA!74(!h.*Q&'&48=!DEEU]#!%&*:>&)&*@!
/.&(&=!2.3'@!>&2&>+!=33@(!'..=>&>&)&=@!..:!&&=!33=(3'!Q&*@..=@:&=/&*:&=!
933*.=+&*!=3(4.=3'4(&4(!.Q>&)&=#!<*!:3=!&LK(&*!@'&LK(@!ll=!=3(4.=3'4(&4(!Q&*!
9&*:=&/&*!9.*+&=!.Q>&>&)&=#!"'@!&&=!9&*:=&/&*!2.9&'!+&!X&+&*'3=+@&!3'@!
&&=!?74(&='3=+@&!=3(4.=3'4(&4(!K&&P(A!>&&P(!+&!9&*:>&)&*!+&!X&+&*'3=+@&!
=3(4.=3'4(&4(!.Q#!%3==&&*!&&=!9&*:=&/&*!(9&&!?74(&='3=+@&!=3(4.=3'4(&4(&=!
K&&P(A!>&&P(!+&!9&*:>&)&*!?48!)..*:&7*!+&!<YT=3(4.=3'4(&4(!.Q!933*)..*!>&&=!
(&9&*:@(&''4=>@)&*>7==4=>!4@!)&*&4@(#!J.(!G!/&4!DEEI!9&*+!4=!+&!33=>4P(&!)3=!
+&!9&*:>&)&*!)..*!+&2&!O.'&=!+7@!933*@LK48='48:!+&!`74(@&!=3(4.=3'4(&4(!
.Q>&>&)&=#!X3!K&(!)&*)3''&=!)3=!3''&!?&Q&*:&=+&!)..*!O..'@&!9&*:=&/&*@!
Q&*!G!/&4!DEEI!/33:(!K&(!4=!Q*4=L4Q&!=4&(!74(!.P!&&=!9&*:=&/&*!+&!`74(@&!.P!
O..'@&!=3(4.=3'4(&4(!K&&P(#!X4&((&/4=!'48:&=!9&*:>&)&*@!4=!2._=!>&)3'!(.LK!=.>!
)33:!(&!:4&2&=!)..*!+&!`74(@&!=3(4.=3'4(&4(#!"'@!>&).'>!K4&*)3=!4@!4=!(3?&'!D#G!
2&&*!933*@LK48='48:!&&=!\>*..(]!+&&'!)3=!+&2&!`74(@&!O.'&=!?74(&=!?&&'+!
>&?'&)&=#![&(!h-0!K&&P(!K&*K33'+&'48:!>&*3QQ.*(&&*+!.)&*!+&!./)3=>!)3=!
+&2&!>*.&Q#!`&!/&&@(!*&L&=(&!@LK3((4=>!+3(&&*(!74(!DEEF#!H=!K&(!+&*+&!
:93*(33'!)3=!DEEM!248=!&*!).'>&=@!+&!'..=33=>4P(&!I#EEE!9&*:=&/&*@!/&(!
&&=!9..=3+*&@!4=!O.'&=!&=!&&=!`74(@&!=3(4.=3'4(&4(!\h.*Q&'&48=A!DEEFBDE]#!!

GD@DG!

e$65',*+&%)$+-O2+&$"-4$"'2+$$6-H=!+&!'..=33=>4P(&=!)3=!9&*:=&/&*@!4@!'.>4@LK&*948@!..:!>&&=!4=P.*/3(4&!
.Q>&=./&=!.)&*!/4>*3=(&=!+4&!3L(4&P!248=!3'@!.=+&*=&/&*#![&(!>33(!+3=!
)..*=3/&'48:!./!+&!2&'P@(3=+4>&=!2.=+&*!Q&*@.=&&'!\22QT&*@]#!62QT&*@!)3''&=!
.=+&*!K&(!)*48&!)&*:&&*!)3=!+4&=@(&=!&=!+4&=&=!24LK!4=!(&!@LK*48)&=!?48!+&!
W3/&*!)3=!W..QK3=+&'!4=!X&+&*'3=+!.P!4=!&4>&=!'3=+#!S=+&*=&/&*@!+4&!248=!
4=>&@LK*&)&=!?48!+&!W3/&*!)3=!W..QK3=+&'!4=!X&+&*'3=+!248=!Q&*!+&P4=4(4&!..:!
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
GI

!! $S<T'3=+&*@!+4&!>&+7*&=+&!K&(!833*!/&&*!+3=!&&=!+4&=@()&*?3=+!K&??&=!>&K3+!
248=!@'&LK(@!G!:&&*!/&&>&(&'+#![&(!L48P&*!)3=!GVV#EEE!?&(*&P(!+7@!248=!7=4&:&!
Q&*@.=&=!.P!?&(&*!>&2&>+!7=4&:&!@.P4=7//&*@#!!

NF!

5$$6&'3%7-F-

4=>&@LK*&)&=!4=!+&!;-"#!648!/3:&=!+7@!+&&'!74(!)3=!+&!?48=3!UV#EEE!4=!+&!
;-"!4=>&@LK*&)&=!$S<T'3=+&*@!\24&!P4>77*!D#D]#!O&*!G!83=73*4!DEEF!@(33=!&*!
GV#UEE!.=+&*=&/&*@!4=>&@LK*&)&=!?48!&&=!)3=!+&!X&+&*'3=+@&!W3/&*@!)3=!
W..QK3=+&'!\24&!(3?&'!?D#GE]#!-48=3!+&!K&'P(!)3=!+&2&!.=+&*=&/&*@!9&*:(!4=!
+&!?.79#!!

N%$,-%+-&$-dMd-%+)$'78"$9$+-2+&$"+$($"'-.%,-&$-/1306*+&$+C..*!+&!@LK3((4=>!)3=!K&(!33=(3'!=4&(!4=!+&!;-"!>&*&>4@(*&&*+&!$S<T'3=+&*@!
248=!+7@!/&(!=3/&!L48P&*@!.)&*!.=+&*=&/&*@!+4&!248=!4=>&@LK*&)&=!?48!+&!
W3/&*!)3=!W..QK3=+&'!4=!K7=!&4>&=!'3=+!.P!&&=!3=+&*&!)&*>&'48:?3*&!
4=@(3=(4&!*&'&)3=(#!`&2&!L48P&*@!248=!K&'33@!=4&(!?&@LK4:?33*# GM!!
!

SQ!?3@4@!)3=!+&!*&@7'(3(&=!)3=!K&(!:93=(4(3(4&)&!.=+&*2.&:!.=+&*!

3*?&4+@/4>*3=(&=!:3=!&&=!>*.)&!@LK3((4=>!9.*+&=!>&/33:(!)..*!+&!./)3=>!
)3=!+&2&!>*.&Q#!H=!.=2&!.=+&*2.&:@>*.&Q!(&''&=!9&!MM!$S<T'3=+&*@!+4&!)..*!
&4>&=!*&:&=4=>!9&*:&=#!C3=!+&!MM!.=+&*=&/&*@!248=!&*!VF!\UIi]!
4=>&@LK*&)&=!?48!&&=!X&+&*'3=+@&!W3/&*!)3=!W..QK3=+&'!&=j.P!>&*&>4@(*&&*+!
4=!+&!;-"#!C3=!MM!.=+&*=&/&*@!4@!+7@!&&=!+&*+&!\NNi]!=4&(!4=!X&+&*'3=+!
>&*&>4@(*&&*+#!H=+4&=!9&!+4(!>&>&)&=!*&'3(&*&=!33=!+&!GV#UEE!?48!&&=!
X&+&*'3=+@&!W)W!4=>&@LK*&)&=!.=+&*=&/&*@!:./&=!9&!.Q!&&=!33=(3'!)3=!
.=>&)&&*!I#IEE!4=!X&+&*'3=+!9&*:23/&!2&'P@(3=+4>&!.=+&*=&/&*@!+4&!=4&(!4=!
+&!;-"!.P!?48!+&!X&+&*'3=+@&!W3/&*!)3=!W..QK3=+&'!@(33=!>&*&>4@(*&&*+# GF!!
!

`4(!33=(3'!4@!?&+74+&=+!'3>&*!+3=!&&=!&&*+&*&!@LK3((4=>!)3=!1&>4.Q'3=#!

1&>4.Q'3=!\C3=!+&=!-&*>!&(!3'#!DEEM]!@LK3(!+3(!&*!4=!DEEM!4=!(.(33'!/4=4/33'!
GEE#EEE!$S<T'3=+&*@!33=!K&(!9&*:!248=A!933*)3=!DV#EEE!22QT&*@#![&(!?&(*&P(!
+3=!K&(!(.(33'!33=(3'!2&'P@(3=+4>&=!74(!O.'&=A![.=>3*48&A!J@8&LK4ZA!0'.93:48&A!
<@('3=+A!5&('3=+A!54(.79&=!&=!0'.)&=4Z#!O&*!EGTEGTDEEF!@(33=!&*!F#MVE!
.=+&*=&/&*@!74(!+&2&!3LK(!$S<T'3=+&=!?48!+&!X&+&*'3=+@&!WCW!>&*&>4@(*&&*+!
\24&!(3?&'!?D#GE!4=!+&!?48'3>&]#!`3(!2.7!?&(&:&=&=!+3(!&*!.=>&)&&*!GV#EEE!
/4>*3=(&=!74(!+&2&!3LK(!$S<T'3=+&=!3'@!2&'P@(3=+4>!.=+&*=&/&*!4=!X&+&*'3=+!
9&*:&=!&=!=4&(!4=!+&!;-"!.P!?48!+&!X&+&*'3=+@&!W3/&*!)3=!W..QK3=+&'!@(33=!
>&*&>4@(*&&*+#!6&'P@(3=+4>!.=+&*=&/&*@!74(!-7'>3*48&!&=!1.&/&=4Z!248=!+33*4=!
=.>!=4&(!/&&>&(&'+#!H=!K&(!.=+&*2.&:!)3=!1&>4.Q'3=!9.*+(!+..*!&&=!
4=P.*/3=(!.)&*4>&=@!..:!=.>!&&=!)&&'!K.>&*!33=(3'!22QT&*@!>&=.&/+# DE!!
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
GM

!! `4(!?'48:(!74(!=3)*33>!?48!+&!O..'@&!.*>3=4@3(4&!+4&!)&*>&'48:?33*!4@!/&(!+&!
X&+&*'3=+@&!W3/&*!)3=!W..QK3=+&'#!S.:!K&(!h&=(*&!.P!$4>*3(4.=!1&@&3*LK!)3=!+&!
Y=4)&*@4(d!.P!%3*@39!:3=!K4&*!>&&=!4=+4L3(4&!)3=!>&)&=#!!
GF
!! \GV#UEEjUI]sNNtI#UMV!
DE
!! H=!+3(!4=(&*)4&9!9.*+(!..:!K&(!)&*/.&+&=!>&74(!+3(!&*!4=!+&!?.79@&L(.*!)&&'!9.*+(!
>&9&*:(!/&(!@LK48=L.=@(*7L(4&@!933*+..*!+&!O..'@&!3*?&4+@:*3LK(&=!P&4(&'48:!=4&(!
9&(&=!+3(!2&!3'@!22QT&*!4=!Q'33(@!)3=!3'@!9&*:=&/&*!9&*:233/!248=!\)3=!+&=!-&*>!
&(!3'#!DEEMBIV]#!S=2&!@LK3((4=>!4@!>&?3@&&*+!.Q!3=(9..*+&=!)3=!+&!*&@Q.=+&=(&=!
74(!K&(!.=+&*2.&:!)3=!1&>4.Q'3=#!"'@!&*!4=+&*+33+!.Q!>*.(&!@LK33'!9.*+(!>&9&*:(!
RE!

:;<=9*"&,/'?-$2+*")-

GD@D@!

!+&$"$-)"2$4$+X33@(!?.)&=>&=.&/+&!/.>&'48:K&+&=!:7==&=!/4>*3=(&=!K4&*!\4''&>33']!
9&*:233/!248=!)43!/3'3P4+&!?&/4++&'33*@#!%3==&&*!9&*:=&/&*@!K4&*!)43!
/3'3P4+&!?&/4++&'33*@!33=!K&(!9&*:!248=A!:./&=!248!933*@LK48='48:!=4&(!4=!
'..=33=>4P(&=!)..*#![&(!:3=!K4&*?48!2.9&'!>33=!./!/4>*3=(&=!+4&!4=!+&!;-"!
248=!4=@LK*&)&=!3'@!/4>*3=(&=!+4&!=4&(!4=!+&!;-"!248=!4=>&@LK*&)&=#!SQ!?3@4@!
)3=!.=@!.=+&*2.&:!4@!>&&=!?&(*.79?3*&!@LK3((4=>!)3=!+&!./)3=>!)3=!+&2&!
>*.&Q!/.>&'48:#!1&@&3*LK!)..*!-&'&4+!@LK3(!+3(!&*!.Q!&&=!?&Q33'+!/./&=(!4=!
DEEI!GR#EEE!$S<T'3=+&*@!248=!+4&!)43!/3'3P4+&!74(2&=+?7*&37@!9.*+&=!
?&/4++&'+!&=!=4&(!248=!4=>&@LK*&)&=!4=!+&!;-"!\`&!-.=+(!&=!;*48Q@(*3!
DEEMBDM]#!`3(!L48P&*!4@!&eL'7@4&P!4''&>3'&!3*?&4+@:*3LK(&=!74(!-7'>3*48&!&=!
1.&/&=4Z!&=!?&(*&P(!+7@!+&!@4(73(4&!4=!DEEI#!C..*!+&!@4(73(4&!4=!DEEM!.P!DEEF!
4@!)..*!2.)&*!?48!.=@!?&:&=+!>&&=!@LK3((4=>!?&@LK4:?33*!)3=!K&(!33=(3'!
4''&>3'&!9&*:=&/&*@!74(!+&!$S<T'3=+&=#!Y4(!K&(!833*)&*@'3>!)3=!+&!
"*?&4+@4=@Q&L(4&!?'48:(!9&'4@933*!+3(!4''&>3'&!3*?&4+!4=!DEEM!4@!3P>&=./&=A!
/33*!..:!+3(!+4(!=4&(!>&'+(!)..*!9&*:=&/&*@!74(!-7'>3*48&!&=!1.&/&=4Z!)..*!
94&!+&!X&+&*'3=+@&!3*?&4+@/3*:(!=.>!=4&(!.Q&=!>&@(&'+!4@# DG!<&=!
?&(*.79?3*&!@LK3((4=>!)3=!K&(!33=(3'!4''&>3'&!9&*:=&/&*@!74(!+&!$S<T'3=+&=!
Q&*!EGTEGTDEEF!:7==&=!948!.Q!?3@4@!)3=!.=@!&4>&=!.P!3=+&*!.=+&*2.&:!=4&(!
/3:&=#!!
!

C&*+&*!4@!K&(!..:!=.>!/.>&'48:!+3(!3*?&4+@/4>*3=(&=!=33*!X&+&*'3=+!

:./&=!3'@!9&*:=&/&*!)3=!&&=!?74(&='3=+@!?&+*48P#!S.:!)..*!9&*:=&/&*@!)3=!
&&=!?74(&='3=+@!?&+*48P!>&'+(!+&!*&>&'>&)4=>!(&=!33=24&=!)3=!)*48!)&*:&&*!)3=!
+4&=@(&=#!S/+3(!9&*:=&/&*@!4=!+4&=@(!)3=!&&=!?74(&='3=+@!?&+*48P!P4@L33'!(.(!
K&(!74(2&=+&=+&!'3=+!?'48)&=!?&K.*&=!&=!4=!+&!Q*3:(48:!..:!>&&=!Q*&/4&@!
9&*:=&/&*@T)&*2&:&*4=>&=!)&*@LK7'+4>+!248=A!:./&=!248!4=!+&!.PP4L4Z'&!
X&+&*'3=+@&!*&>4@(*3(4&@!=4&(!)..*#![&(!4@!)3=!?&'3=>!./!(&!*&3'4@&*&=!+3(!9&!
+&2&!>*.&Q!.Q!?3@4@!)3=!X&+&*'3=+@&!*&>4@(*3(4&@!=4&(!:7==&=!/&(&=A!+3(!:3=!
Q3@!93==&&*!248!24LK!4=@LK*48)&=!4=!+&!;-"!.P!93==&&*!248!'3=>&*!+3=!&&=!K3'P!
833*!K4&*!9&*:!)&**4LK(&=!\[&d/3!&(!3'#!DEEM]#!
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
/&(!@LK48=L.=@(*7L(4&@!&=!+&!3*?&4+@/4>*3=(!2&'P!=4&(!9&&(!+3(!K48j248!3'@!22QT&*!
9&*:233/A!:'.Q(!74(&*33*+!..:!.=2&!@LK3((4=>!=4&(#!
DG
!! `&!"*?&4+@4=@Q&L(4&A!K.7+(!(.&24LK(!.Q!+&!=3'&)4=>!)3=!+&!%&(!3*?&4+!
)*&&/+&'4=>&=!\%3)]#!`&!%3)!?&Q33'(!+3(!&&=!9&*:>&)&*!&&=!
(&9&*:@(&''4=>@)&*>7==4=>!=.+4>!K&&P(!3'@!K48!&&=!9&*:=&/&*!)3=!?74(&=!+&!
<7*.Q&@&!<L.=./4@LK&!174/(&!3*?&4+!94'!'3(&=!)&**4LK(&=#!SQ!?3@4@!)3=!>&*4LK(&!
9&*:Q'&:L.=(*.'&@!L.=@(3(&&*(!+&!"*?&4+@4=@Q&L(4&!&&=!+3'4=>!)3=!K&(!33=(3'!
.)&*(*&+4=>&=!)3=!GMi!=33*!GUi#!H=!DEEU!?&+*.&>!+4(!Q&*L&=(3>&!=.>!DN#!`4(!4@!
K&(!>&).'>!)3=!+&!4=9&*:4=>(*&+4=>!.Q!G!/&4!DEEI!)3=!)*48!)&*:&&*!)..*!
9&*:=&/&*@!74(!+&!3LK(!$4++&=T!&=!S.@(T<7*.Q&@&!'3=+&=#!C..*!K&=!4@!@4=+@+4&=!
>&&=!(9)!/&&*!=.+4>#!`&2&!+3'4=>!>&'+(!=4&(!)..*!9&*:=&/&*@!74(!-7'>3*48&!&=!
1.&/&=4Z!)..*!94&!+&!X&+&*'3=+@&!3*?&4+@/3*:(!=.>!=4&(!.Q&=!>&@(&'+!4@#!H=!DEEM!
@(&&>!K&(!33=(3'!.Q>&@Q..*+&!4''&>33'!(&9&*:>&@(&'+&=!74(!+&2&!(9&&!'3=+&=!/&(!UU!
Q*.L&=(!=33*!&&=!(.(33'!)3=!INM#!174/!&&=!:93*(!)3=!+&!4''&>33'!(&9&*:>&@(&'+&!
Q&*@.=&=!+4&!+&!"*?&4+@4=@Q&L(4&!33=(*.P!93@!3P:./@(4>!74(!-7'>3*48&!\,33*)&*@'3>!
"*?&4+@4=@Q&L(4&!DEEF]#!
RG!

5$$6&'3%7-F-

GDF!

V*($+9*,,%+)SQ!G!/&4!DEER!(*&+&=!O.'&=A![.=>3*48&A!J@8&LK4ZA!0'.93:48&A!<@('3=+A!5&('3=+A!
54(.79&=!&=!0'.)&=4Z!(.&!(.(!+&!<7*.Q&@&!Y=4&#!-48=3!+*4&!833*!'3(&*A!.Q!G!
83=73*4!DEEIA!).'>&=!-7'>3*48&!&=!1.&/&=4Z#!`&!74(?*&4+4=>!)3=!+&!<7*.Q&@&!
Y=4&!/33:(!K&(!)..*!9&*:=&/&*@!@(&&+@!>&/3::&'48:&*!./!4=!X&+&*'3=+!(&!
>33=!9&*:&=!&=!K&&P(!&&=!@(&*:!(.&=&/&=+!33=(3'!\3*?&4+@]/4>*3=(&=!74(!+&!
$S<T'3=+&=!(.(!>&).'>#!H=!DEEN!:./&=!).'>&=@!+&!.PP4L4Z'&!/4>*3(4&T!&=!
?&).':4=>@@(3(4@(4&:!)3=!K&(!h-0!.=>&)&&*!R#VEE!$S<T'3=+&*@!=33*!
X&+&*'3=+#!H=!DEEM!4@!K&(!33=(3'!4//4>*3=(&=!@(&*:!.Q>&'.Q&=!&=!:./&=!
?48=3!DU#EEE!$S<T'3=+&*@!=33*!X&+&*'3=+#![&(!>33(!+33*?48!)..*=3/&'48:!./!
O.'&=!\GR#EEE]A!-7'>3*&=!\V#GEE]!&=!1.&/&=&=!\D#VEE]#!!
!

[&(!33=(3'!.PP4L4&&'!4=!X&+&*'3=+!>&)&@(4>+&!$S<T'3=+&*@!4@!3'@!>&).'>!)3=!

+&2&!4//4>*3(4&!@4=+@!GFFU!/&&*!+3=!)&*2&@).7+4>+!)3=!*74/!GE#EEE!4=!
GFFU!(.(!?48=3!UV#EEE!Q&*!G!83=73*4!DEEF# DD!O.'&=!).*/&=!+33*?4==&=!&&=!
*74/&!/&&*+&*K&4+!\VVi]#!"=+&*&!>*.(&!>*.&Q&=!248=!+&!-7'>3*&=!\GUi]!&=!
+&!1.&/&=&=!\GEi]#!!
!

X33@(!+&2&!/4>*3=(&=!+4&!24LK!.PP4L4&&'!4=!X&+&*'3=+!)&@(4>&=!4@!&*!&&=!

./)3=>*48:&!>*.&Q!3*?&4+@/4>*3=(&=!+4&!=4&(!4=!+&!.PP4L4Z'&!
?&).':4=>@@(3(4@(4&:!)..*:./(!./+3(!248!24LK!=4&(!4=!+&!;&/&&=(&'48:&!
-3@4@3+/4=4@(*3(4&!\:7==&=]!'3(&=!4=@LK*48)&=#!Y4(!L48P&*@!)3=!K&(!Y%C!?'48:(!
+3(!&*!.Q!&=4>!/./&=(!4=!+&L&/?&*!DEEMA!MI#EEE!9&*:=&/&*@!74(!+&!$S<T
'3=+&=!4=!X&+&*'3=+!K&??&=!>&9&*:(!+4&!=4&(!248=!4=>&@LK*&)&=!4=!+&!;-"# DN!
`33*=33@(!9&*:&=!&*!4=!X&+&*'3=+!=33*!@LK3((4=>!I#EEE!9&*:=&/&*@!/&(!&&=!
O..'@T`74(@&!=3(4.=3'4(&4(!&=!.=>&)&&*!I#IEE!.=+&*=&/&*@!74(!&&=!)3=!+&!
$S<T'3=+&=!4=!X&+&*'3=+#!<4=+!DEEM!9&*:&=!&*!=33*!@LK3((4=>!+7@!*74/!
GEE#EEE!$S<T'3=+&*@!4=!X&+&*'3=+!+4&!=4&(!4=!+&!;-"!248=!4=>&@LK*&)&=!&=!
+7@!=4&(!4=!+&!.PP4L4Z'&!?&).':4=>@@(3(4@(4&:&=!)3=!K&(!h-0!248=!.Q>&=./&=#!!
!

J&''&=!9&!+&2&!*74/!GEE#EEE!=4&(!4=!+&!;-"!>&*&>4@(*&&*+&!

3*?&4+@/4>*3=(&=!.Q!?48!+&!?48=3!UV#EEE!4=!+&!;-"!>&*&>4@(*&&*+&!/4>*3=(&=!
+3=!93*&=!&*!Q&*!G!83=73*4!DEEF!=33*!@LK3((4=>!GUV#EEE!Q&*@.=&=!/&(!&&=!
=3(4.=3'4(&4(!)3=!ll=!)3=!+&!$S<T'3=+&=!4=!X&+&*'3=+#!
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
DD

!! `4(!?&(*&P(!&&=!(&''4=>!)3=!+&!4=!+&!;-"!4=>&@LK*&)&=!Q&*@.=&=!/&(!&&=!O..'@&A!
[.=>33*@&A!J@8&LK4@LK&A!0'.933:@&A!<@(@&A!5&(@&A!54(.79@&A!0'.)&&=@&A!-7'>33*@&!.P!
1.&/&&=@&!=3(4.=3'4(&4(#!O&*!G!83=73*4!DEEF!@(33=!&*!*74/!FE#EEE!Q&*@.=&=!4=!+&!
;-"!>&*&>4@(*&&*+!+4&!248=!>&?.*&=!4=!&&=!)3=!+&!$S<T'3=+&=#!SQ!?3@4@!)3=!+&!
+&P4=4(4&!)3=!>&?..*(&'3=+!248=!&*!+7@!?48=3!DV#EEE!/&&*!$S<T'3=+&*@!+3=!.Q!?3@4@!
)3=!=3(4.=3'4(&4(#!`4(!248=!/&(!=3/&!$S<T'3=+&*@!+4&!*&&+@!>&*74/&!(48+!4=!
X&+&*'3=+!9.=&=!&=!(.(!X&+&*'3=+&*!248=!>&=3(7*3'4@&&*+#!!
DN
!! X4&(!3''&!9&*:=&/&*@!K&??&=!+&!>&K&'&!+&L&/?&*/33=+!>&9&*:(#![&(!33=(3'!
9&*:=&/&*@!.Q!&&=!@Q&L4P4&:&!Q&4'+3(7/!4@!+7@!'3>&*#!SQ!?3@4@!)3=!+&!=4&(!>&K&&'!
?&(*.79?3*&!?&>4=!&=!&4=++3(7/!4@!?&*&:&=+!+3(!&*!Q&*!GV!+&L&/?&*!DEEM!)..*!
MG#REE!=4&(!4=!+&!;-"!>&*&>4@(*&&*+&!$S<T'3=+&*@!'..=?&'3@(4=>!9&*+!3P>&+*3>&=#!
RD!

:;<=9*"&,/'?-$2+*")-

!

J&=@'.((&!248=!&*!$S<T'3=+&*@!+4&!=4&(!248=!>&*&>4@(*&&*+!4=!+&!;-"!&=!..:!

=4&(!4=!3=+&*&!*&>4@(*3(4&@!)..*:./&=!./+3(!2&!?48)..*?&&'+!9&*:&=!)43!
/3'3P4+&!?&/4++&'33*@#!<&=!?&(*.79?3*&!@LK3((4=>!)3=!+&!./)3=>!)3=!+&2&!
'33(@(&!>*.&Q!:3=!.Q!?3@4@!)3=!+4(!.=+&*2.&:!=4&(!9.*+&=!>&/33:(#!!

RN!

Z225&',.R-@!

@D>!

!78,$")"2+&R$+($"R$+-$+(%)"*,%$)$'78%$&$+%'-

U+6$%&%+)-H=!K&(!).*4>&!K..P+@(7:!248=!9&!4=>&>33=!.Q!+&!./)3=>!)3=!+&!Q.Q7'3(4&!4=!
X&+&*'3=+!33=9&24>&!$S<T'3=+&*@#!H=!+&!).'>&=+&!K..P+@(7::&=!>33=!9&!4=!
.Q!+&!@4(73(4&!)3=!/4>*3=(&=!+4&!*&L&=(&'48:!\)3=3P!DEER]!)3=74(!+&!$S<T
'3=+&=!=33*!X&+&*'3=+!248=!>&:./&=#!%&!?3@&*&=!+&2&!?&@LK*48)4=>!.Q!K&(!
:93=(4(3(4&)&!@7*)&dT.=+&*2.&:!.=+&*!IRU!*&L&=(&!/4>*3=(&=A!+&!+4&Q(&T
4=(&*)4&9@!/&(!DG!)3=!+&2&!/4>*3=(&=!&=!+&!>&@Q*&::&=!/&(!
@'&7(&'4=P.*/3=(&=#!C..*!&&=!74(>&?*&4+&!(.&'4LK(4=>!.Q!+&!.=+&*2.&:@.Q2&(!
9.*+(!)&*9&2&=!=33*!K..P+@(7:!G#!
!

H=!+4(!K..P+@(7:!@(33=!+&!3LK(&*>*.=+:&=/&*:&=!&=!+&!

/4>*3(4&>&@LK4&+&=4@!)3=!+&!*&L&=(&!3*?&4+@/4>*3=(&=!74(!+&!$S<T'3=+&=!
L&=(*33'#!H=!+&!(9&&+&!Q3*3>*33P!?&@Q*&:&=!9&!+&!3LK(&*>*.=+:&=/&*:&=!
)3=!+&!$S<T'3=+&*@#!H=!+&!Q3*3>*33P!N!@(33=!9&!@(4'!?48!K7=!
/4>*3(4&>&@LK4&+&=4@a!93==&&*!2&!K7=!K&*:./@('3=+!)..*!K&(!&&*@(!)&*'3(&=!
K&??&=A!93==&&*!248!)..*!K&(!&&*@(!=33*!X&+&*'3=+!>&:./&=!248=!&=!4=!9&':&!
'3=+&=!&=!@&L(.*&=!+&!*&L&=(&!3*?&4+@/4>*3=(&=!>&9&*:(!K&??&=#!C&*).'>&=@!
9.*+(!4=!+&!)4&*+&!Q3*3>*33P!4=>&>33=!.Q!+&!)*33>!933*./!/&=!)..*!
X&+&*'3=+!K&&P(!>&:.2&=#!H=!Q3*3>*33P!V!9.*+(!>&:&:&=!=33*!+&!
Q&=+&'/4>*3(4&!(7@@&=!X&+&*'3=+!&=!K&(!K&*:./@('3=+#![&(!K..P+@(7:!&4=+4>(!
/&(!&&=!@3/&=)3((4=>#!!

@DG!

!78,$")"2+&-"$'42+&$+,$+H=!(3?&'!N#G#!9.*+&=!+&!3LK(&*>*.=+:&=/&*:&=!)3=!+&!*&@Q.=+&=(&=!
>&Q*&@&=(&&*+#!`&!'&&P(48+!)3=!+&!*&@Q.=+&=(&=!)3*4&&*(!(7@@&=!+&!GM!&=!+&!
UR!833*#!$&&*!+3=!+&!K&'P(!)3=!+&!*&@Q.=+&=(&=!4@!.=+&*!+&!NE!833*!\DMi!)3=!
+&!*&@Q.=+&=(&=!?&K..*(!(.(!+&!'&&P(48+@L3(&>.*4&!GM!(j/!DR!833*!&=!
=.>/33'@!DMi!(.(!+&!'&&P(48+@L3(&>.*4&!DV!(j/!DF!833*]A!*74/!&&=!:93*(!4@!
+&*(4>&*!\GIi!4@!NE!(j/!NR!833*A!GEi!NV!(j/!NF]A!&=!+&!*&@(!4@!RE!833*!&=!

RV!

5$$6&'3%7-C-

.7+&*#!`&!>&/4++&'+&!'&&P(48+!)3=!+&!*&@Q.=+&=(&=!4@!NEAV!833*#!`&!
>&/4++&'+&!'&&P(48+!)3=!+&!/4++&''3=>&!(&*/48=!/4>*3=(&=!4@!D!833*!K.>&*!+3=!
+&!+4&!)3=!+&!:.*(&!(&*/48=!/4>*3=(&=#!`&!-7'>3*&=!&=!1.&/&=&=!248=!
>&/4++&'+!>&=./&=!*74/!N!833*!.7+&*!+3=!+&!O.'&=!&=!*74/!R!833*!.7+&*!+3=!
+&!/4>*3=(&=!74(!+&!.)&*4>&!$S<T'3=+&=#!!
S=+&*!+&!*&@Q.=+&=(&=!?&)4=+&=!24LK!4&(@!/&&*!/3==&=!\VIi]!+3=!)*.79&=!
\RNi]# DR!!
!
^*#$6-@D>E-<$'42+&$+,$+-+**"-(%)"*,%$,$"(%T+S-8$"R2(',)"2$4-$+-)$'6*78,-a%+-bc-

"#$%%&!!
'%()#&**$+!
!
<F?!
<FB!
><?!
=B!
BF!
CD!
<B!
>=!
!
?FAB!
!
! !
C>=!
?>F!
>E!
=C@! !

!
2##3'%45!
>D!$6-!<C!
<B!$6-!<E!
?F!$6-!?C!
?B!$6-!?E!
CF!$6-!CC!
CB!$6-!CE!
BF!$6-!@C!
#/(414/G!
!
W4-.!&44X$9;G!
!
+#&/)01'!
H%/!
R2#*:!
#/(414/G!
-.'))/!!

!"#$%&'()'&*++,-&./01#!

"#$%%&!
',+!
!
<=AD!
<DA>!
>@AE!
>FA?!
@AE!
@A@!
?AC!
V!
!
V!
!
B=AC!
C<A@!
V!

-.&%/0!
!
>=AD!
?FA<!
<FA>!
>>A<!
EAB!
=A>!
CA>!
V!!
!
?<A>!
!
!!
B@AE!
C?A>!
V!!
!

1#2$!
!
?FAE!
<=AB!
>BAE!
>FAF!
@A>!
@AC!
?A<!
V!!
!
?FA>!
!
!!

!
B=AB!
C<AB!
V!!

!

5*&6!
7#4!
!
>CAC!
<CA?!
<<AB!
>CAC!
>FAD!
EAF!
CAB!
V!
!
??AB!
!

3#&4/!
!
?FAF!
<DAC!
>@AF!
EAC!
@A>!
@A=!
?AC!
V!
!
?FA>!
!
!
B@AD!
C?A<!
V!
!

#84290!
!
?>AE!
?FAE!
>CAE!
>FA@!
@AC!
?A<!
<A>!
V!
!
<EA?!
!
!

B=AF!
C?AF!
V!
!

-%/!
!
<CAF!
<EA>!
<FA?!
>FAD!
@A>!
=A?!
<AC!
V!!
!
?FA=!
!
!!

@FAE!
?EA>!
V!
!

82#*:!
!
??A>!
<=A<!
>>AE!
EA?!
=AE!
@AF!
CA@!
V!
!
?FA?!
!
!

!
!
!
!

!
!
!
!

!
H=!(3?&'!N#D!9.*+(!+&!K74@K.7+&=@3/&=@(&''4=>!)3=!+&!*&@Q.=+&=(&=!
?&@LK*&)&=#!%&!24&=!K4&*!+3(!*74/!&&=!:93*(!)3=!+&!*&@Q.=+&=(&=!
3''&&=@(33=+!4@!\DMi]A!+&!*&@(!K&&P(!&&=!Q3*(=&*!+4&!4=!+&!/&&@(&!>&)3''&=!
..:!?48!K&/j!K33*!4=!X&+&*'3=+!9..=(#!C3=!+&!*&@Q.=+&=(&=!/&(!Q3*(=&*!
9..=(!?48=3!(9&&+&*+&!@3/&=!/&(!+&!Q3*(=&*!4=!X&+&*'3=+#!<&=!/4=+&*K&4+!
\DMi]!)3=!+&!*&@Q.=+&=(&=!/&(!Q3*(=&*!K&&P(!&&=!Q3*(=&*!+4&!4=!K&(!
K&*:./@('3=+!9..=(!\24&!(3?&'!?N#G!4=!+&!?48'3>&]#!
!

H=!+&!/&&@(&!>&)3''&=!\VMi]!9&*:(!..:!+&!Q3*(=&*!4=!X&+&*'3=+#!<&=!

:'&4=&*!+&&'!\DDi]!K&&P(!&&=!Q3*(=&*!+4&!=4&(!9&*:(!.P!4=!K&(!K&*:./@('3=+!
9&*:(!\GMi]#!C*.79&=!/&(!&&=!Q3*(=&*!9.=&=!@4>=4P4L3=(!)3:&*!/&(!K7=!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
DR

!! H=!(3?&'!N#G!248=!+&!*&@7'(3(&=!74(@Q'4(@(!=33*!)&*@LK4''&=+&!@7?L3(&>.*4&Z=!=3/&'48:B!
/4++&''3=>&!)&*@7@!:.*(&!(&*/48=/4>*3=(&=A!O.'&=!)&*@7@!1.&/&=&=!&=!.)&*4>&!
$S<T'3=+&*@!&=!/3==&=!)&*@7@!)*.79&=#!H=!+&!/&&@(&!(3?&''&=!/3:&=!9&!+&2&!
74(@Q'4(@4=>&=!&=!9.*+&=!+&2&!.Q!?.)&=@(33=+&!9482&!>&Q*&@&=(&&*+#!<LK(&*!=4&(!
3''&!)&*@LK4''&=!(7@@&=!+&!@7?>*.&Q&=!248=!@4>=4P4L3=(#!H=!+&!(3?&''&=!4=!+&!?48'3>&=!
248=!+&!@4>=4P4L3=(4&@!9&&*>&>&)&=#!%3(!?&(*&P(!+&!(&:@(!>&'+(a!9&!?&@LK*48)&=!+&!
)&*@LK4''&=!(7@@&=!+&!@7?>*.&Q&=!3''&&=!4=!+&!(&:@(!3'@!+4&!3]!@4>=4P4L3=(!&=!?]!
.Q)3''&=+!248=#!

RU!

@A#3,/)/$"&7,"2,/7,"-,"-24)/*34,),'A#4,&,"4'-

Q3*(=&*!4=!X&+&*'3=+!+3=!/3==&=!&=!K&??&=!)&&'!)3:&*!&&=!Q3*(=&*!+4&!..:!
4=!X&+&*'3=+!9&*:(#!
!
-),#/!678!9!:;%&1.;5#*&)<#*&'#//%*$!*))(!'=>#!<%$()*'?!1#(@.<&'$(.#>!#*!$#&/)01'!A%*!BC!
!!
D)('*#(!#*!E.*#*!>)('*#(!
%&&44/)$%%/G!
)%-4/!-4$!K%2$/42!9/!YQ!
3%2$/42!4&G42)!9/!YQ!
3%2$/42!9/!N421#-)$&%/G!
3%2$/42!4204/)!%/G42)!
:#/4/!K%2$/42!#/(414/G!
!
:##3'!;!>)('*#(!,#'))/5!E#(@F!
Y44!
I%A!9/!Y4G42&%/G!
I%A!9/!-9;/!N421#-)$&%/G!
I%A!4204/)!%/G42)A!/%-4&9;1!9/!
!
G%*5#(#*!#*!E.*#*!@%*5#(#*!
044/!19/G424/!
J%-4/!-4$!19/G424/!9/!YQ!
Z9/G424/!4&G42)!9/!YQ!
Z9/G424/!9/!N421#-)$&%/G!
Z9/G424/!9/!YQ!4/!N421#-)$&%/G!
Z9/G424/!4204/)!%/G42)!
:#/4/!19/G!#/(414/G!
!
H)*')/!@%*5#(#*!
044/!19/G424/!
;%A!>!19/G!
;%A!<!19/G424/!
;%A!?!19/G424/!#X!-442!
;%A!%%/$%&!#/(414/G!

$#$%%&!
!
<=A=!
C<AF!
?AE!
>DA=!
<A>!
BA=!
!
!
<<A>!
BDA>!
>=AD!
<AF!
!
!
BDA?!
>FA=!
FAE!
<@A?!
>AC!
>AE!
FA@!
!
!
BDA?!
>@A=!
><AD!
=A<!
CAE!

-.&%/0!
!!
<FA=!
BBAF!
<AC!
>BAC!
<AC!
CA>!
!
!!
>EA<!
@@A<!
>?A>!
>AB!
!!
!!
CEA>!
>EAC!
FA@!
<=A?!
>A<!
>AD!
FA@!
!
!!
CEA>!
<CA<!
>>AB!
EA=!
BAB!

1#2$!
!!
<EAD!
?DA>!
CA?!
>EA=!
<AF!
@A>!
!
!!
<?A>!
BBAC!
>EAC!
<A>!
!!
!!
@>A<!
DAF!
FAE!
<BAE!
>AB!
>AE!
FA@!
!
!!
@>A<!
>CAC!
>?A?!
@AC!
CA=!

3#&4/!
!
<@A=!
C<A@!
CA@!
>DA?!
>AE!
BAE!
!
!
>EAE!
@?A@!
>BA<!
>A?!
!
!
@<A>!
EA>!
>AF!
<?AD!
>A@!
<AF!
FAC!
!
!
@<A>!
>BA>!
>FAB!
=AB!
CAD!

5*&67#4!
!
>DAE!
CBAF!
<A=!
<@A>!
<A=!
CAB!
!
!
<EAE!
?CAB!
?<A<!
?AC!
!
!
?CA@!
<>AB!
FAF!
C>A>!
FAE!
FAE!
FAE!
!
!
?CA@!
<@A<!
<@A<!
CA=!
DAC!

#84290!
!
CCA?!
?BA<!
>A>!
>>AC!
<A?!
BA=!
!
!
<BAF!
BDA?!
><AB!
CA<!
!
!
@BAE!
@A>!
>A<!
<<AF!
>A<!
<AC!
>A<!
!
!
@BAE!
>CA@!
EAD!
DAB!
>A<!

-%/!
!!
<EAC!
?BA@!
<AB!
<CA=!
<AF!
BAE!
!
!!
?FA<!
C@A?!
<>AC!
<A>!
!!
!!
BBA<!
DAB!
FAD!
?>A@!
>A?!
>AD!
FAD!
!
!!
BBA<!
>=AE!
><A=!
=AD!
@AB!

82#*:!
!
<CA?!
B>A=!
BA=!
>>AF!
<A?!
BAF!
!
!
>>AD!
=<AC!
>CAF!
>AD!
!
!
@>AE!
>?A>!
FA=!
<FA>!
>A=!
<A>!
FA?!
!
!
@>AE!
>BA@!
>?AB!
@A@!
<AC!

M/$"?-<:;<-FNNOI-P4'D$-

-48=3!UE!Q*.L&=(!\VFi]!)3=!+&!*&L&=(&!3*?&4+@/4>*3=(&=!74(!$4++&=T!&=!
S.@(T<7*.Q3!K&&P(!>&&=!:4=+&*&=#!C3=!+&!/4>*3=(&=!+4&!9&'!:4=+&*&=!
K&??&=A!K&??&=!+&!/&&@(&=!G!k!D!:4=+&*&=#!H=!?48=3!(9&&+&*+&!\URi]!)3=!
+&!>&)3''&=!9.=&=!+&!:4=+&*&=!=.>!4=!K&(!K&*:./@('3=+A!?48!*74/!&&=!:93*(!
\DUi]!9.=&=!+&!:4=+&*&=!?48!+&!*&@Q.=+&=(!4=!X&+&*'3=+#!\24&!(3?&'!?N#G!4=!
+&!?48'3>&]#!C*.79&'48:&!3*?&4+@/4>*3=(&=!K&??&=!@4>=4P4L3=(!)3:&*!K7=!
:4=+&*&=!?48!24LK!4=!X&+&*'3=+!9.=&=!+3=!/3==&=#!C3=!+&!/.&+&*@!'33(!4&(@!
/&&*!+3=!+&!K&'P(!\VNi]!K7=!:4=+&*&=!3LK(&*!4=!K&(!K&*:./@('3=+A!)3=!+&!
)3+&*@!?48=3!+*4&:93*(!\IDi]#!!
%3==&&*!9&!+&!/4++&''3=>&!(&*/48=!/4>*3=(&=!)&*>&'48:&=!/&(!+&!:.*(&!
(&*/48=!/4>*3=(&=!24&=!9&!+3(!=33*/3(&!/&=!&*!'3=>&*!4@A!/&=!@4>=4P4L3=(!
)3:&*!/&(!&&=!Q3*(=&*!&=j!.P!:4=+&*&=!K4&*!4=!X&+&*'3=+!9..=(#!
!

J&*!4''7@(*3(4&!K4&*!K&(!)&*K33'!)3=!&&=!-7'>33*@&!*&@Q.=+&=(A!+4&!3'!

/&&*+&*&!83*&=!)..*!@&42.&=@3*?&4+!4=!+&!33*+?&4&=(&&'(!=33*!X&+&*'3=+!
:./(!&=!248=!)*.79!K4&*!K&&P(!.=(/.&(#!!

RI!

5$$6&'3%7-C-

Q!"-FNNR-70*2-24>"-+/$%0-2,-#4,/-+,/),S,99,"J-!7-0*'-),3/$%0&J-!7-#,D-24>"+/$%0-#4,/-$"32$,3-,"-47-D,"-#4,/-4"-T,&,/9*"&-34>&,"'-#,3-0,/7,"-+,/94,6&-$(#**/-),0$/&,"J-T*&*3-0,-),3/$%0&-0*/,"-70*2-S,-#4,/-3,/%)I-S,-0,/&S0*"),/-,"-),&%/,"&,-#**/-S0*"),/'A#*(-,"-"*&*3-S,-&,-D*DB-7/,,)-D9,,6-S,4"-M%9)*/4>,J-U,-4'-#4,/-"4,3-2,,/-),0,,'3-'4"&'-&,-D*DB-4'-),D$/,"J-U,-4'-#4,/$"),+,,/-,,"->**/-"4,3-),0,,'3JV-E/NOG FW-

@D@!

/%)"*,%$)$'78%$&$+%'H=!(3?&'!N#N!9.*+&=!+&!*&@7'(3(&=!>&Q*&@&=(&&*+!.)&*!K&(!833*!+3(!/&=!)..*!
K&(!&&*@(!K&(!K&*:./@('3=+!K&&P(!)&*'3(&=!./!4=!K&(!?74(&='3=+!(&!9&*:&=#!
%&!24&=!+3(!4&(@!/4=+&*!+3=!&&=!:93*(!)3=!.=2&!*&@Q.=+&=(&=!\DRi]!(7@@&=!
GFME!&=!DEEN!p!+7@!)..*!+&!<YT74(?*&4+4=>!T!)..*!K&(!&&*@(!=33*!&&=!3=+&*!
'3=+!>&>33=!4@!)..*!9&*:#!174/!&&=!:93*(!\DIi]!K&&P(!(7@@&=!DEER!&=!DEEU!
)..*!K&(!&&*@(!248=!K&*:./@('3=+!)&*'3(&=!./!&'+&*@!(&!>33=!9&*:&=#!H=!
DEEIA!K&(!833*!+3(!-7'>3*48&!&=!1.&/&=4Z!(.(!+&!<Y!(.&>&(*&+&=!248=A!4@!GM!
Q*.L&=(!)..*!K&(!&&*@(!=33*!K&(!?74(&='3=+!)&*(*.::&=!)..*!9&*:#!-48=3!&&=!
:93*(!\DNi]!)3=!+&!$S<T'3=+&*@!4=!.=@!.=+&*2.&:!4@!).*4>!833*!)..*!K&(!
&&*@(!4=!K&(!?74(&='3=+!>33=!9&*:&=#!"LK(!Q*.L&=(!)3=!+&!$S<T'3=+&*@!4@!4=!
ll=!)3=!+&!&&*@(&!+*4&!/33=+&=!)3=!DEEF!)..*!K&(!&&*@(!=33*!K&(!?74(&='3=+!
)&*(*.::&=#!!
!

!!

!

^*#$6-@D@E-/%)"*,%$)$'78%$&$+%'-+**"-(%)"*,%$,$"(%T+S-8$"R2(',)"2$4-$+-)$'6*78,-a%+-bc-

!!
I#(&'#!@##(!*))(!,;%'#*/)*5!J#('(.@@#*!.<!'#!
E#(@#*9!
>EDFV<FF?!
<FFCV<FF@!
<FF=!
<FFD!
<FFE!
!
I#(&'#!@##(!*))(!K2!J#'(.@@#*!.<!'#!E#(@#*9!
>EDFV<FF?!
<FFCV<FF@!
<FF=!
<FFD!
<FFE!

$#$%%&!

-.&%/0!

1#2$!

3#&4/!

5*&67#4!

!
<CAF!
<@AB!
>=AE!
<?A?!
DA?!

!!
<=AC!
?EA@!
?<A?!
FA@!
FAF!

!!
<<AE!
<<A@!
>?A@!
?FA>!
>FAD!

!
<FAE!
<=A=!
>DAC!
<BA>!
=AE!

!
?EA<!
>EA@!
>EA@!
>CA=!
@AE!

!
!

!!
!!
>FA>!
<FA?!
<FAC!
?>AD!
>=AB!

!!
!!
><A=!
C?A@!
C?AF!
FA@!
FAF!

!
!
EA?!
>?A<!
>?A@!
C>A<!
<<A=!

!
!
=A<!
<>AF!
<>AE!
??AD!
>@A>!

#84290!
!

!!
<CAC!
<=AD!
>?A?!
<<A<!
><A<!

!
!
<CA>!
<>A?!
<?A>!
>=A@!
>?AE!

-%/!

!
<DA=!
<BAC!
>BA=!
<<AC!
=A=!

!!
!!
EA=!
>BA>!
DA@!
?=A@!
<EAF!

82#*:!

>=AE!
<=AD!
<FA?!
<CA=!
EA?!
!
!

>>AF!
>=A=!
>EA=!
?<A<!
>EAB!

DAD!
<CAF!
<FA?!
?<A>!
>CAE!

M/$"?-<:;<-FNNOI-P4'D$--

%3==&&*!9&!+&!)&*@LK4''&=+&!K&*:./@('3=+&=!)&*>&'48:&=A!24&=!9&!+3(!&&=!
@4>=4P4L3=(!>*.(&*!>&+&&'(&!)3=!+&!-7'>33*@&!&=!1.&/&&=@&!*&@Q.=+&=(&=!
)..*!K&(!833*!DEER!)..*!K&(!&&*@(!K7=!K&*:./@('3=+!)&*'3(&=!K&&P(!./!&'+&*@!
(&!>33=!9&*:&=!+3=!)3=!+&!O..'@&!&=!.)&*4>&!*&@Q.=+&=(&=#!-48=3!RE!Q*.L&=(!
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
DV

!`&!L4(3(&=!4=!+4(!*3QQ.*(!248=!4=+4&=!=.+4>!)&*(33'+!&=!(&=!?&K.&)&!)3=!+&!
'&&@?33*K&4+!&=!./!Q*4)3Ld*&+&=&=!4=!@.//4>&!>&)3''&=!33=>&Q3@(#!

RM!

@A#3,/)/$"&7,"2,/7,"-,"-24)/*34,),'A#4,&,"4'-

)3=!+&!-7'>3*&=!&=!1.&/&=&=!4@!(7@@&=!GFME!&=!DEEN!)..*!K&(!&&*@(!
)&*(*.::&=!./!&'+&*@!(&!>33=!9&*:&=A!(&=!.Q24LK(&!)3=!DG!Q*.L&=(!)3=!+&!
O.'&=!&=!DR!Q*.L&=(!)3=!+&!.)&*4>&!$S<T'3=+&*@#!
!

X33@(!+&!)*33>!93==&&*!+&!3*?&4+@/4>*3=(&=!)..*!K&(!&&*@(!K7=!

K&*:./@('3=+!)&*'3(&=!K&??&=A!4@!K&=!..:!>&)*33>+!93==&&*!248!)..*!K&(!
&&*@(!=33*!X&+&*'3=+!248=!>&:./&=!./!K4&*!(&!9&*:&=#!C3=!+&!*&@Q.=+&=(&=!
:93/!GE!Q*.L&=(!K4&*!)..*!K&(!&&*@(!)..*!+&!<YT74(?*&4+4=>!)3=!DEER!\+7@!
(7@@&=!GFME!&=!DEEN]#!<&=!.Q!+&!)48P!*&@Q.=+&=(&=!4@!K4&*!(7@@&=!DEER!&=!
DEEU!)..*!K&(!&&*@(!>&:./&=!)3=9&>&!9&*:!&=!=.>/33'@!&&=!)48P+&!4=!DEEI#!
`&!>*..(@(&!>*.&QA!?48=3!&&=!+&*+&!)3=!+&!*&@Q.=+&=(&=!\NDi]A!4@!4=!DEEM!
)..*!K&(!&&*@(!=33*!X&+&*'3=+!>&:./&=!./!(&!9&*:&=#!J&=@'.((&!4@!GM!
Q*.L&=(!)3=!+&!*&@Q.=+&=(&=!2&&*!*&L&=(&'48:!\4=!+&!&&*@(&!+*4&!/33=+&=!)3=!
DEEF]!)..*!K&(!&&*@(!4=!X&+&*'3=+!:./&=!9&*:&=#!!
!

%3==&&*!9&!+&!K&*:./@(>*.&Q&=!)&*>&'48:&=!24&=!9&!&=:&'&!.Q)3''&=+&!

@4>=4P4L3=(&!)&*@LK4''&=#!6.!24&=!9&!+3(!&&=!*&'3(4&P!>*..(!+&&'!\DRi]!)3=!+&!
1.&/&=&=!&=!-7'>3*&=!3'!)..*!DEEN!)..*!K&(!&&*@(!=33*!X&+&*'3=+!:93/!./!
(&!9&*:&=#!C3=!+&!O.'&=!:93/!&&=!>*..(!>&+&&'(&!\NRi]!4=!DEEM!)..*!K&(!
&&*@(!K4&*=33*(.&#!C3=!+&!.)&*4>&!$S<T'3=+&*@!:93/!/33*!'4&P@(!NM!Q*.L&=(!
K4&*!4=!DEEM!)..*!K&(!&&*@(!9&*:&=!&=!DF!Q*.L&=(!2&&*!*&L&=(&'48:A!=3/&'48:!4=!
&&=!)3=!+&!&&*@(&!+*4&!/33=+&=!)3=!DEEF#!
!

H=!(3?&'!N#R!24&=!9&!+3(!UE!Q*.L&=(!)3=!+&!*&@Q.=+&=(&=!3''&&=!4=!

X&+&*'3=+!K&&P(!>&9&*:(#!C..*!?48=3!&&=!:93*(!4@!K&(!+&!&&*@(&!:&&*!+3(!248!
K4&*!9&*:&=!&=!?48=3!&&=!+&*+&!\NEi]!4@!K4&*!)3:&*!>&9&&@(!)..*!9&*:#!174/!
RE!Q*.L&=(!)3=!+&!$S<T'3=+&*@!K&&P(!4=!X&+&*'3=+!m=!4=!&&=!3=+&*!'3=+!
>&9&*:(#!-48!+&!-7'>3*&=!&=!1.&/&=&=!4@!+4(!'33(@(&!@4>=4P4L3=(!/4=+&*!)33:!
K&(!>&)3'!\DIi]!+3=!?48!+&!O.'&=!&=!.)&*4>&!$S<T'3=+&*@A!933*)3=!
*&@Q&L(4&)&'48:!RD!&=!RM!Q*.L&=(!=33@(!4=!X&+&*'3=+!..:!4=!&&=!3=+&*!'3=+!
K&&P(!>&9&*:(#!C3=!+&!-7'>3*&=!&=!1.&/&=&=!K&&P(!&&=!.Q)3''&=+!>*..(!+&&'!
\RUi]!3'!/&&*+&*&!:&*&=!4=!X&+&*'3=+!>&9&*:(#!S.:!24&=!9&!+3(!/3==&=!
@4>=4P4L3=(!)3:&*!)&*@LK4''&=+&!'3=+&=!K&??&=!33=>&+33=!+3=!)*.79&=#!C3=!
+&!)*.79&=!K&&P(!NG!Q*.L&=(!4=!X&+&*'3=+!m=!4=!&&=!3=+&*!'3=+!>&9&*:(A!)3=!
+&!/3==&=!/33*!'4&P@(!RM!Q*.L&=(#!!
!

`&!$S<T'3=+&*@!4@!..:!>&)*33>+!4=!9&':!'3=+!248!)&*?'&)&=!)..*+3(!248!+&!

'33(@(&!:&&*!=33*!X&+&*'3=+!:93/&=#!`&!.)&*>*.(&!/&&*+&*K&4+!)&*?'&&P!4=!
K&(!K&*:./@('3=+!\FEi]#!0'&LK(@!GG!Q*.L&=(!)&*?'&&P!)..*!+&!:./@(!=33*!
X&+&*'3=+!4=!&&=!3=+&*!'3=+#!`4(!>&'+(!/&(!=3/&!)..*!+&!O..'@&!&=!-7'>33*@&!
&=!1.&/&&=@&!*&@Q.=+&=(&=!933*)3=!FG!Q*.L&=(!)3=74(!K&(!K&*:./@('3=+!
=33*!X&+&*'3=+!4@!)&*(*.::&=!&=!4=!*&'3(4&P!/4=+&*&!/3(&!)..*!+&!.)&*4>&!

RF!

5$$6&'3%7-C-

$S<T'3=+&*@!933*)3=!*74/!+*4&:93*(!\IIi]!)3=74(!K&(!K&*:./@('3=+!=33*!
X&+&*'3=+!4@!)&*(*.::&=#!
^*#$6-@DFE-/%)"*,%$)$'78%$&$+%'E-6*+&$+-$+-'$7,2"$+-+**"-(%)"*,%$,$"(%T+S-8$"R2(',)"2$4-$+-)$'6*78,-a%+-bc-

!!
+#E#(@'!%*9!
%&&44/!YQA!>!1442!
%&&44/!YQA!<!1442!#X!8%142!
%&&44/!YQA!%%/$%&!#/(414/G!
YQ!4/!%/G42!&%/G!
\&&44/!%/G42!&%/G!
!
L*!E#/@!/)*5!J..(!/))'&'#!@##(!*))(!K2!
9/!-9;/!N421#-)$&%/G!
9/!%/G42!&%/G!
!
+#E#(@'!%*!/)*5!A<##(5#(#!)*'E..(5#*!<.$#/%4@C9!
L*9$)&%/G!
R424/90G!1#/9/129;1!
]$%&94!
");4MN#VJ&#:%19;4!
^2%/129;1!
JK%/;4!
_:4G4/!
R424/90G4!J$%$4/!
\/G42!&%/G!
!
+#E#(@'!%*!&#0'.(#*!A<##(5#(#!)*'E..(5#*!
<.$#/%4@C9!
Q%/GV!4/!"*9/(#*:!
5#*:!
]/G*)$294!'`#%&)!-4$%%&9/G*)$294A!8#4G9/0A!-4*(4&)!
R428#42!4/!#K)&%0!
_%14&9;14!G94/)$842&4/9/0!'`#%&)!)MN##/-%%1A!]a"+!
O#24M%!4/!24M24%$94!
_#20!'`#%&)!842K&409/0!4/!842`#209/0+!
L4$%9&N%/G4&!'`#%&)!:9/14&+!
W2##$N%/G4&!
Z9/G42#K8%/0!4/!#/G42:9;)!
Z*/)$A!M*&$**2!4/!%-*)4-4/$!
\/G42)!/%-4&9;1!

!"#$%&'()'&*++,-&./01#!

$#$%%&!
!
<<A@!
?FA?!
BAF!
CFA?!
>AE!
!
!
DEAB!
>FAB!
!
!
<>A@!
EA>!
?AC!
CA@!
<AC!
<AC!
<A=!
>AB!
EA<!
!
!
B>AE!
<>A=!
>DAE!
><A@!
EAC!
EA>!
<AD!
<A?!
>A=!
?AB!
>A>!
EAD!

-.&%/0!
!!
<CA>!
?<A<!
?AC!
?EA>!
>A>!
!
!!
DEAF!
>>AF!
!!
!!
<CA=!
DAF!
?AC!
<A?!
>A=!
FA@!
<AE!
<AE!
EA<!
!!

!!

!!

!!
C>AC!
<DA<!
>BAB!
>BAB!
>BAB!
BA=!
>A=!
<AE!
CAF!
BA=!
FA@!
EAD!

1#2$!
!!
<<A>!
<EA=!
BAB!
CFA@!
<A>!
!
!!
DEA@!
>FAC!
!!
!!
<FA@!
EAC!
?A?!
BA<!
<A@!
?AF!
<A@!
>AF!
EA?!

BBA>!
>EAD!
>EAE!
>>A=!
=AB!
>FA>!
?A>!
<A>!
>AF!
<AD!
>A<!
EAD!

3#&4/!
!
<<A<!
<EAB!
BAD!
C>A@!
FAE!
!
!
E>A?!
DA=!
!
!
<BAD!
EA?!
?A<!
?AE!
<A<!
<AC!
?A<!
FAE!
DAF!
!

5*&67#4!
!
>@A<!
CBAE!
?A@!
<=AF!
=A<!
!
!
E>A?!
DA=!
!
!
EA@!
?AB!
CAC!
FAF!
?AB!
?AB!
<A@!
FAE!
><A?!
!

[84290!
!
?<A?!
>@A>!
<A<!
CDAC!
>A>!
!
!
==AF!
<?AF!
!
!
>>A=!
>CAE!
?A<!
>?AD!
<A>!
>A>!
FAF!
BA?!
><AD!
!

!!

!

!

!

!!

@FA<!
<>A<!
<FA@!
>CA>!
DA<!
=AD!
<AC!
>AE!
<AF!
?AB!
>A>!
DAE!

?=A=!
<?A=!
?AB!
BA?!
>FAB!
CAC!
CAC!
BA?!
FAF!
?AB!
FAE!
>>AC!

<>A?!
<<A?!
<=A=!
><AD!
>CAE!
<<A?!
?A<!
>A>!
<A>!
?A<!
>A>!
><AD!

-%/!
!!
>EAE!
<DA?!
<AE!
C=A=!
>A<!
!
!!
D=A?!
><A=!
!!
!!
<@A@!
>>A?!
?AC!
=A<!
?A@!
<AC!
?A@!
>A<!
EAD!

82#*:!
!
<@AE!
?>AD!
=AB!
?FAD!
<AE!
!
!
E<AD!
=A<!
!
!
>BA<!
@A>!
?AB!
>A?!
>AF!
<A@!
>A@!
>A@!
DA=!
!
!

CDA<!
?DA@!
<CA<!
>DAE!
BAB!
=A<!
FA=!
<AC!
<A@!
FA<!
>AC!
=AE!

BBAB!
FA?!
><A?!
CA<!
>CAB!
>>A@!
BAD!
>AE!
FA@!
DA>!
FA@!
>>AE!

!
%3==&&*!9&!:48:&=!4=!9&':&!3=+&*&!'3=+&=!+&!$S<T'3=+&*@!>&9&*:(!K&??&=A!
24&=!9&!+3(!?48=3!&&=!:93*(!\DDi]!4=!K&(!)&*'&+&=!4=!`74(@'3=+!>&9&*:(!K&&P(!
\24&!(3?&'!N#R]#!`4(!>&'+(!K&(!@(&*:@(!)..*!.=2&!O..'@&!*&@Q.=+&=(&=!933*)3=!
/&&*!+3=!&&=!:93*(!\DUi]!..:!4=!O.'&=!K&&P(!>&9&*:(#!-48=3!&&=!.Q!+&!(4&=!
\Fi]!)3=!+&!*&@Q.=+&=(&=!K&&P(!4=!K&(!)&*'&+&=!4=!K&(!C&*&=4>+!W.=4=:*48:!
>&9&*:(!&=!?48=3!V!Q*.L&=(!4=!J@8&LK.T0'.93:48&#!!
!

%3==&&*!/&=!4=!K&(!?74(&='3=+!K&&P(!>&9&*:(A!4=!9&':&!@&L(.*&=!9&*:(&!

/&=!+3=g!H&(@!/&&*!+3=!+&!K&'P(!\VDi]!K&&P(!4=!+&!'3=+T!&=!(74=?.79!
>&9&*:(#!`4(!>&'+(!4=!K&(!?482.=+&*!)..*!+&!O.'&=!933*)3=!UEi!33=>&&P(!
\..:]!4=!+&!'3=+T!&=!(74=?.79!(&!K&??&=!>&9&*:(#!S.:!+&!?.79!&=!+&!
VE!

@A#3,/)/$"&7,"2,/7,"-,"-24)/*34,),'A#4,&,"4'-

4=+7@(*4&!248=!@&L(.*&=!933*4=!)&&'!)3=!.=2&!$S<T'3=+&*@!4=!K&(!?74(&='3=+!
>&9&*:(!K&??&=!\*&@Q&L(4&)&'48:!DDi!&=!GFi]#!`33*=33@(!9&*:(&!GN!Q*.L&=(!
4=!K&(!?74(&='3=+!4=!+&!@&L(.*!)&*).&*!&=!.Q@'3>A!F!Q*.L&=(!4=!+&!23:&'48:&!
+4&=@()&*'&=4=>!&=!(&)&=@!F!Q*.L&=(!4=!+&!K.*&L3!&=!*&L*&3(4&#!!
!

Y4(&*33*+!?&@(33=!&*!K4&*!)&*@LK4''&=!(7@@&=!/3==&=!&=!)*.79&=#!%&!24&=!

+3(!)*.79&=!@4>=4P4L3=(!)3:&*!+3=!/3==&=!4=!+&!'3=+T!&=!(74=?.79A!+&!
23:&'48:&!+4&=@()&*'&=4=>A!+&!K.*&L3!&=!*&L*&3(4&A!+&!2.*>!&=!+&!:4=+&*.Q)3=>!
&=!.=+&*948@@&L(.*!9&*:(&=#!$3==&=!9&*:(&=!+33*&=(&>&=!@4>=4P4L3=(!)3:&*!
4=!+&!?.79A!4=+7@(*4&A!)&*).&*!&=!.Q@'3>!&=!>*..(K3=+&'!+3=!)*.79&=#!!

@DF!

d$.O$-922"-N$&$"6*+&%33*./!:4&2&=!+&!3*?&4+@/4>*3=(&=!&*)..*!./!=33*!X&+&*'3=+!(&!:./&=g!H=!
(3?&'!N#V!9.*+&=!+&!3@Q&L(&=!+4&!&&=!*.'!@Q&'&=!?48!+&!:&72&!./!=33*!
X&+&*'3=+!(&!:./&=!74(&&=>&2&(#!`&!*&@Q.=+&=(&=!:.=+&=!/&&*+&*&!
3@Q&L(&=!33=:*74@&=!+4&!&&=!*.'!K&??&=!>&@Q&&'+#!!
!

^*#$6-@DYE-<$&$+$+-922"-R$.O$-N$&$"6*+&-abc-a($$"&$"$-*+,P22"&$+-(2)$6%TRc--

!!
54)MN91(%%2N49G!:421!9/!Y4G42&%/G!
Q##/!9/!Y4G42&%/G!
\2(49G)#-)$%/G90N4G4/!9/!Y4G42&%/G!
\%/:4`90N49G!8294/G4/!4/!14//9))4/!
a*&$**2!9/!Y4G42&%/G!
O*9)84)$9/0!9/!Y4G42&%/G!
749)%X)$%/G!$#$!N421#-)$&%/G!
\%/:4`90N49G!X%-9&94&4G4/!
\%/:4`90N49G!&%/G04/#$4/!
Z#)$4/!&484/)#/G42N#*G!
"#40%/14&9;1N49G!)#M9%&4!8##2`94/9/04/!'59;)$%/GA!!
W4`9/6K%2$/42b!
`#-%%26%8#/$**2b!
a%//%(9)!4Gb!
J$*G94b!
b!9/048*&G!9/!#K4/!%/$:##2G!-#04&9;1N49G!
!"#$%&'()'&*++,-&./01#!

$#$%%&!
BCA@!
C@A<!
<BA<!
<FAD!
>DAF!
>=A?!
>?A?!
>?A?!
><A<!
DAD!
DAF!
<AF!
>A@!
FAE!
FAD!
!

-.&%/0!
BCAF!
C<AB!
<@AC!
<FA>!
>@A>!
>EAF!
>FA?!
<FA=!
EA<!
>FAE!
>>AB!
>A=!
>A>!
FAF!
FA@!
!

1#2$!
BCA=!
C=AC!
<CAD!
<>AF!
>DAB!
>@AD!
>CA<!
>>AF!
>?A>!
DA<!
=AF!
<A>!
>A=!
>A<!
FAE!
!

3#&4/!
BEA=!
CBAB!
<BA?!
<<A>!
>=AD!
>EAE!
>?AE!
>?AF!
>?AE!
EAB!
DA@!
>A=!
>A?!
>A?!
FAC!
!

5*&67#4!
?<AB!
BCAC!
<CA@!
>EA?!
>@A=!
>FAB!
=AE!
>BAD!
EA@!
BA?!
BA?!
?AB!
FAE!
FAF!
>AD!
!

#84290!
B<A>!
CFAC!
<BAB!
>CAE!
<FA<!
>FA@!
>@AF!
>>A=!
BA?!
EA@!
DAB!
<A>!
CA?!
FAF!
<A>!
!

-%/!
B=A>!
C=A=!
<=AD!
<FAE!
<FAC!
>DA<!
>@AD!
EAC!
>CA>!
EAD!
EA@!
FAB!
<AC!
>AC!
>AF!
!

82#*:!
B>AF!
CCAB!
<>A@!
<FAF!
>BA<!
>BAD!
DA>!
>EAF!
EAC!
=A>!
@A>!
CA<!
FA@!
FA?!
FA@!
!

!
$&&*!+3=!+&!K&'P(!)3=!+&!*&@Q.=+&=(&=!\VVi]!>&&P(!33=!+3(!/&=!=33*!
X&+&*'3=+!:93/!./+3(!&*!9&*:!?&@LK4:?33*!93@#!S.:!K&(!'..=!4=!X&+&*'3=+!
@Q&&'(!)..*!?48=3!+&!K&'P(!)3=!.=2&!*&@Q.=+&=(&=!\RIi]!&&=!*.'#!C..*!&&=!
:93*(!)3=!+&!*&@Q.=+&=(&=!93*&=!+&!3*?&4+@./@(3=+4>K&+&=!&&=!3*>7/&=(!
./!4=!X&+&*'3=+!(&!>33=!9&*:&=#!C&*+&*!24&=!9&!+3(!)..*!*74/!&&=!.Q!+&!)48P!
)3=!.=2&!*&@Q.=+&=(&=!\DGi]!+&!33=9&24>K&4+!)3=!)*4&=+&=!&=!:&==4@@&=!

VG!

5$$6&'3%7-C-

&&=!*.'!K&&P(!>&@Q&&'+!./!)..*!X&+&*'3=+!(&!:4&2&=#!C..*!GM!Q*.L&=(!K&&P(!+&!
L7'(77*!4=!X&+&*'3=+!&=!)..*!GI!Q*.L&=(!+&!K74@)&@(4=>!/&&>&@Q&&'+!?48!K7=!
:&72&!)..*!.=@!'3=+#!<&=!)3=!+&!3@Q&L(&=!933*)3=!9&!)&*93LK(!K3++&=!+3(!
K&(!&&=!>*.(&!*.'!2.7!@Q&'&=A!4@!+&!*&4@3P@(3=+!(.(!K&(!K&*:./@('3=+#!0'&LK(@!
GN!Q*.L&=(!>&&P(!33=!+3(!+4(!&&=!*.'!K&&P(!>&@Q&&'+!?48!K7=!:&72&!)..*!
X&+&*'3=+#!!
!

%3==&&*!9&!+&!3=(9..*+&=!)3=!+&!)&*@LK4''&=+&!>*.&Q&=!)&*>&'48:&=A!24&=!

9&!&=:&'&!@4>=4P4L3=(&!)&*@LK4''&=#!6.!24&=!9&!+3(!)..*!/&&*!+3=!+&!K&'P(!)3=!
+&!O.'&=!\UEi]!&=!+&!.)&*4>&!$S<T'3=+&*@!\VDi]!+&!?&@LK4:?33*K&4+!)3=!
9&*:!4=!X&+&*'3=+!K&&P(!/&&>&@Q&&'+#!C3=!+&!-7'>3*&=!&=!1.&/&=&=!>&&P(!
@'&LK(@!&&=!+&*+&!33=!+3(!+4(!&&=!*.'!K&&P(!>&@Q&&'+!?48!K7=!:&72&!)..*!
X&+&*'3=+#!%&!24&=!..:!+3(!+&!K74@)&@(4=>!4=!X&+&*'3=+!?48!+&!O.'&=!)3:&*!
/&&9..>!4=!K7=!:&72&!)..*!X&+&*'3=+A!+3=!?48!+&!3=+&*&!>*.&Q&=a!DE!
Q*.L&=(!)3=!+&!O.'&=!K&&P(!+4(!33=>&:*74@(!)&*@7@!GG!Q*.L&=(!)3=!+&!?&4+&!
3=+&*&!>*.&Q&=#!%&!24&=!)&*+&*!+3(!)..*!&&=!@4>=4P4L3=(!>*.(&*!>&+&&'(&!)3=!
+&!/3==&=!+&!*&4@3P@(3=+!(.(!K&(!K&*:./@('3=+!&&=!*.'!@Q&&'(!+3=!)..*!+&!
)*.79&=!\GIi!)&*@7@!Mi]#![&(!./>&:&&*+&!>&'+(!)..*!+&!33=9&24>K&4+!)3=!
P3/4'4&'&+&=j!Q3*(=&*a!)..*!)*.79&=!9..>!+4(!)3:&*!/&&!+3=!)..*!/3==&=#!
!

H=!+&!4=(&*)4&9@!/&(!$S<T'3=+&*@!&=!@'&7(&'Q&*@.=&=!4@!74(>&?*&4+&*!

4=>&>33=!.Q!+&!?&9&&>*&+&=&=!./!K&(!K&*:./@('3=+!(&!)&*'3(&=!&=!=33*!
X&+&*'3=+!(&!:./&=#!H=!'48=!/&(!K&(!@7*)&dA!)&*(&''&=!+&!/&&@(&!
>&q=(&*)4&9+&!*&@Q.=+&=(&=!+3(!248!./!P4=3=L4Z'&!*&+&=&=!K7=!K&*:./@('3=+!
)&*'3(&=!K&??&=#!<&=!@'&7(&'4=P.*/3=(A!9&(&=@LK3QQ&*!'&>(!74(!+3(!+&!K.>&*&!
@3'3*4@@&=!X&+&*'3=+!&&=!33=(*&::&'48:!'3=+!/33:(!)..*!+&!$S<T'3=+&*@#!!
!
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

!
<=:&'&!)3=!+&!>&q=(&*)4&9+&=!+4&!)&*(&''&=!+3(!K&(!)..*!K&=!4=!Q*4=L4Q&!=4&(!
74(/33:(&!.P!248!&&=!?33=!4=!K&(!(K74@'3=+!.P!&'+&*@!2.7+&=!)4=+&=a!)..*!K&=!
93@!K&(!4=!+&!&&*@(&!Q'33(@!)3=!?&'3=>!&&=!>.&+?&(33'+&!?33=!(&!)4=+&=#!!
!
Q!7-#*&-3$,"-),,"-0,/7J-@9-'4"&'-,,"-2**"&J-<"-34>&,"'-&4,-2**"&-0*'-47-$(S$,7-"**/-0,/7J-5,3-#$,6&,-"4,3-4"-#,3-D%43,"9*"&-3,-S4>"J-5,3-#*&-$$7-4"-Y$9,"),7%"&J-EZG-@9'-47-,,"-)$,&,-D**"-4"-Y$9,"-#*&-),+$"&,"I-&*"-0*'-47-),D9,+,"JX*"-#*&-47-"4,3-"**/-T,&,/9*"&-),#$,+,"JV-E/NFG-

!

VD!

@A#3,/)/$"&7,"2,/7,"-,"-24)/*34,),'A#4,&,"4'-

J&*!4''7@(*3(4&!L4(&*&=!9&!K4&*!..:!K&(!)&*K33'!)3=!&&=!-7'>33*@&!+.L&=(&!+4&!
(48+&=@!+&!2./&*)3:3=(4&!3'(48+!.Q!2.&:!>33(!=33*!&&=!&e(*3!?33=(8&!./+3(!2&!
3=+&*@!P4=3=L4&&'!=4&(!*.=+!:3=!:./&=#!04=+@!DEER!:./(!248!&':!833*!4=!+&!
2./&*!=33*!X&+&*'3=+!./!>&+7*&=+&!(9&&!/33=+&=!33*+?&4&=!(&!Q'7::&=#!
$33*!=33@(!&L.=./4@LK&!?&9&&>*&+&=&=A!>&&P(!248!..:!33=!K&(!'&)&=!4=!
X&+&*'3=+!Q*&((4>&*!(&!)4=+&=!&=!24LK!K4&*!)&4'4>&*!(&!).&'&=!+3=!4=!-7'>3*48&#!!
!
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

!
`&!>&q=(&*)4&9+&!*&@Q.=+&=(&=!K&??&=!..:!)&*(&'+!933*./!248!)..*!
X&+&*'3=+!>&:.2&=!K&??&=!4=!Q'33(@!)3=!)..*!&&=!3=+&*!<YT'3=+#!C..*!+&!
/&&@(&!)3=!K&=!93@!K&(!./!+&!@4/Q&'&!*&+&=!+3(!&*!K4&*!=.7!&&=/33'!)*33>!
=33*!9&*:!93@#!!
!
Q!7-#*&-),,"-/,&,","-_$2-+$$/-T,&,/9*"&-3,-74,S,"I-P4'D$`J-!7-7/,,)-,,"**"D$&-%43-T,&,/9*"&I-&%'-D,"-47-"**/-T,&,/9*"&-),7$2,"J-@9'-47-,,"-**"D$&%43-<"),9*"&-),7/,),"-#*&I-0*'-47-"**/-<"),9*"&-),)**"J-5,3-2$,'3-"4,3-(,/',T,&,/9*"&-S4>"JV-E/NFG-

!
J48+&=@!+&!4=(&*)4&9@!9.*+(!?.)&=+4&=!)33:!/.=+T(.(T/.=+*&L'3/&!
>&=.&/+!3'@!*&+&=!./!)..*!X&+&*'3=+!(&!:4&2&=#!O.@4(4&)&!)&*K3'&=!)3=!
?&:&=+&=!+.&(!K&=!/&+&!?&@'74(&=!K4&*K&&=!(&!:./&=#!<&=!O..'@&!
*&@Q.=+&=(&!)&*(&'(!+3(!.Q!+4&!/3=4&*!)&&'!/&=@&=!74(!K33*!+.*Q8&!=33*!
X&+&*'3=+!>&:./&=!248=!./!K4&*!(&!9&*:&=#!
!
Q<,"-4,2*"&-70*2-&*"-,"-&4,-"*2-&*"-0,,/-4,2*"&-*"&,/'-2,,I-,"-*"&,/,""*2,"-0,,/-#%"-+/4,"&,"-2,,-,"-&**/$2-)**3-#,3-"$)-'3,,&'-S$-&$$/JV-E/NaG--

!
Q;2-,,/94>7-3,-S4>"I-#,D-47-#,9,2**9-"4,3-"*),&*A#3-$+,/-+$$/=-,"-"*&,9,"J-!7#*&-,,"-*&+,/3,"34,-4"-&,-7/*"3-),S4,"I-2**/-$$7-,,"-7,""4'-+*"-24>-&4,-"**/5$99*"&-)4")I-S,4-&*3-5$99*"&-,,"-64>"-9*"&-0*'-&*3-#,3-(/$D,/,"-0**/&-0*'I-&%'47-#,D-#,3-/4'4A$-),"$2,"-,"-#,D-,,/'3-,,"-#*96>**/A$"3/*A3-),3,7,"&J-!7-04'3-

VN!

5$$6&'3%7-C-

"4,3-$6-47-9*"),/-S$%-D94>+,"I-$6-47-#,3-"**/-24>"-S4"-S$%-#,DD,"J-!7-#*&-#,3-&%'0,9-"**/-24>"-S4"-,"-47-0,/7-#4,/-"$)-'3,,&'JV-E/8bG-

!
<&=!O..'@&!@'&7(&'4=P.*/3=(!>&&P(!33=!+3(!K&(!4=!+&!O..'@&!L7'(77*!24(!./!
*&'3(4&P!4/Q7'@4&P!=33*!&'+&*@!(&!)&*(*&::&=a!
!
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c&*3-4'9,%7J-X%'-47-)*-$$7d-e,-S4,"-#,3-0,9dfJ-X43-4'-0*3-&*3-D,3/,63-#,3-+$$/&,,9-+*"/4'4A$-&%/+,"-",2,"J-5,3-D,9,22,/3-S,-"4,3J-!7-+4"&-&43-$$7-0,9-,,"-*'',3-+*"Y$9,"I-&*3-S,-#,3-/4'4A$-&%/+,"-",2,"JV-E'8aG-

@DY!

=$+&$6(%)"*,%$J3?&'!N#U!>&&P(!9&&*!K.&!)33:!+&!*&L&=(&!$S<!3*?&4+@/4>*3=(&=!Q&*!833*!
=33*!K7=!K&*:./@('3=+!(&*7>:&*&=#!S.:!4@!(&!24&=!K.&!'3=>!248!+3=!>&/4++&'+!
4=!K&(!K&*:./@('3=+!)&*?'48)&=# DU!
[&(!/&*&=+&&'!\VMi]!)3=!+&!*&@Q.=+&=(&=!+4&!/./&=(&&'!4=!X&+&*'3=+!
9&*:&=!>&&P(!33=!>&/4++&'+!=7'!:&&*!Q&*!833*!(&*7>!(&!:&*&=!=33*!K&(!'3=+!
)3=!K&*:./@(!./!&*!(&!9&*:&=# DI!H&(@!/4=+&*!+3=!&&=!)48P+&!\GMi]!>33(!
>&/4++&'+!ll=!:&&*!Q&*!833*!(&*7>!)3=9&>&!9&*:!&=!GG!Q*.L&=(!>33(!
>&/4++&'+!(9&&!:&&*!Q&*!833*#!`&!*&@(&*&=+&!GN!Q*.L&=(!)3=!+&!*&@Q.=+&=(&=!
>33(!>&/4++&'+!+*4&!:&&*!.P!)3:&*!Q&*!833*!(&*7>!=33*!248=!K&*:./@('3=+!./!
&*!(&!9&*:&=#!%3==&&*!9&!=33*!+&!)&*@LK4''&=+&!>*.&Q&=!:48:&=!@Q*4=>(!.=+&*!
3=+&*&!4=!K&(!..>!+3(!+&!1.&/&=&=!&=!-7'>3*&=!4=!)&*>&'48:4=>!/&(!+&!
3=+&*&!>*.&Q&=!/4=+&*!)33:!2&>>&=!=..4(!(&*7>!(&!:&*&=!&=!*&'3(4&P!)3:&*!G!
.P!D!:&&*!Q&*!833*!(&*7>!(&!:&*&=!./!9&*:*&+&=&=#!
!

%3==&&*!+&!$S<T'3=+&*@!(&*7>:&*&=!=33*!K7=!K&*:./@('3=+A!?'48P(!?48=3!

+&!K&'P(!\RMi]!>&/4++&'+!ll=!(.(!(9&&!9&:&=!4=!K&(!K&*:./@('3=+!./!&*!(&!
9&*:&=!&=!?48=3!&&=!)48P+&!\GMi]!?'48P(!&*!+*4&!(.(!)4&*!9&:&=#!<&=!.Q!+&!(4&=!
*&@Q.=+&=(&=!?'48P(!>&/4++&'+!)48P!(.(!3LK(!9&:&=!&=!F!Q*.L&=(!(7@@&=!+&!
=&>&=!&=!(933'P!9&:&=#!J&=@'.((&!2&>(!>&/4++&'+!GR!Q*.L&=(!'3=>&*!+3=!
(933'P!9&:&=!Q&*!833*!9&>&=@!9&*:!4=!K&(!'3=+!)3=!K&*:./@(!(&!)&*?'48)&=#!
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
DU
DI

!! ;&24&=!+&!?&Q&*:(&!./)3=>!)3=!+&!)*3>&='48@(!:.=+&=!9&!=4&(!74(>&?*&4+!4=>33=!.Q!
+&!Q&=+&'Q3(*.=&=!)3=!$S<T'3=+&*@#![4&*)..*!4@!=3+&*!.=+&*2.&:!=.+4>#!
!! X-B!`4(!K.&P(!.)&*4>&=@!=4&(!(&!?&(&:&=&=!+3(!248!3'(48+!K4&*!9&*:&=A!/&=!:3=!
4//&*@!..:!(48+&'48:!4=!&&=!3=+&*!'3=+!9&*:&=A!(48+&'48:!=4&(!9&*:&=!.P!?48)..*?&&'+!
D!833*!K4&*!9&*:&=!&=!+3=!9&&*!(&*7>:&*&=!=33*!K&(!K&*:./@('3=+#!

VR!

@A#3,/)/$"&7,"2,/7,"-,"-24)/*34,),'A#4,&,"4'-

!
^*#$6-@DXE-4$+&$6(%)"*,%$-+**"-(%)"*,%$,$"(%T+S-8$"R2(',)"2$4-$+-)$'6*78,-a%+-bc-

!!
H)*')/!@##(!*))(!1#(@.<&'/)*5!.<!'#!E#(@#*!
Y94$!
>!1442!K42!;%%2!
<!1442!K42!;%%2!
?!1442!K42!;%%2!
C!1442!K42!;%%2!
B!1442!4/!-442!K42!;%%2!
!
:.#!/)*$!$#<%55#/5!%*!1#(@.<&'/)*5!.<!'#!E#(@#*!
>V<!:414/!
?VC!:414/!
BVD!:414/!
EV><!:414/!
c><!:414/!
!
H)*')/!@##(!*))(!1#(@.<&'/)*5!.<!)*5#(#!(#5#*#*!
5)*!E#(@!
Y94$!
>!1442!K42!;%%2!
<!1442!K42!;%%2!
?!1442!K42!;%%2!
C!1442!K42!;%%2!
B!1442!4/!-442!K42!;%%2!
!
:.#!/)*$!$#<%55#/5!%*!1#(@.<&'/)*5!.<!)*5#(#!
(#5#*#*!5)*!E#(@!
>V<!:414/!
?VC!:414/!
BVD!:414/!
EV><!:414/!
c><!:414/!

!"#$%&'()'&*++,-&./01#!

$#$%%&!
!
BDAF!
>DAF!
>>A?!
BA=!
?AE!
?A>!
!
!
CDAF!
>=AD!
>FAC!
EAC!
>CAC!
!
!

-.&%/0!
!!
=>AE!
>?AD!
@AE!
BAF!
FAF!
<AB!
!!
!!
B>A@!
<BAD!
?A<!
@AB!
><AE!
!!
!!

BA=!
<?A?!
<@AB!
>DAB!
>CA@!
>>AC!
!

!!
!!
C=AC!
>@AC!
>>A=!
EAE!
>CA@!
!!
!!

5*&67#4!
!
?DAB!
?BA@!
<>A<!
>AF!
<AE!
>AF!
!
!
>EA@!
?FAC!
>EA@!
DA=!
<>A=!
!

#84290!
!
@?A?!
><A<!
>>A>!
@A=!
?A?!
?A?!
!
!
@@A=!
>>A>!
>CAD!
?A=!
?A=!
!

!

!

!

CAC!
>DAD!
<=AB!
<FAB!
>@AC!
><AC!
!

!!
==A@!
>DA=!
>AE!
FAE!
FAE!

3#&4/!
!
@>A<!
>BA?!
EA<!
@AB!
CA?!
?AB!
!
!
BCA?!
>CA=!
@A<!
>FAE!
>CAF!
!

@A<!
<CAF!
<BAE!
>DAC!
>CA>!
>>AC!
!!

!!
@@A@!
>EAD!
CAE!
BA>!
?A@!

B?AD!
>EA?!
><A@!
BAE!
BA<!
?A<!

CA>!
<FAE!
<DAC!
>DAE!
>@A<!
>>AB!
!!

!

1#2$!
!!

!

!
@?A<!
<FA<!
BAD!
@AC!
CAC!

>CA@!
CEAC!
>EA>!
EAF!
?AC!
CAB!

!!
!!
BCAE!
>DAF!
EAF!
=AC!
>FA=!
!!
!!

!
CA>!
<>A=!
?FA?!
<<AB!
>@A>!
BA<!
!

!!
@EA=!
>@A=!
@A>!
?AF!
CAB!

82#*:!
!
@BA=!
>=AF!
DAB!
?AE!
?AB!
>AC!
!
!
?DAF!
>EA=!
>CA>!
EAE!
>DA?!
!

=A>!
<CAF!
<?AC!
>BA=!
>?AC!
>@A?!
!!

!
??A?!
CDA?!
>FAF!
?A?!
BAF!

B?AC!
>DA<!
><AD!
=AF!
CA<!
CAC!

?A@!
<FA<!
<DA@!
>=AE!
>@A=!
>?A>!
!

!
=<A>!
>BA<!
?A=!
BAE!
?A>!

-%/!
!!

!
@BA@!
<FA?!
@A<!
CA>!
?A=!

@=AB!
<FA?!
?A@!
BA@!
?AF!

!
`&!1.&/&=&=!&=!-7'>3*&=!?'48)&=!>&/4++&'+!)..*!&&=!@4>=4P4L3=(!'3=>&*&!
+77*!4=!K&(!K&*:./@('3=+!9&*:&=!+3=!+&!O.'&=!&=!+&!.)&*4>&!$S<T'3=+&*@#!
`4(!)&*@LK4'!24&=!9&!..:!?48!+&!)*.79&=!+4&!>&/4++&'+!)..*!&&=!'3=>&*&!
Q&*4.+&!4=!K&(!K&*:./@('3=+!)&*?'48)&=!./!(&!9&*:&=!+3=!+&!/3==&=#!
`&!$S<T'3=+&*@!>33=!)3:&*!(&*7>!=33*!K&(!K&*:./@('3=+!./!3=+&*&!*&+&=&=!
+3=!9&*:A!2.3'@!)3=9&>&!)3:3=(4&A!P3/4'4&?&2.&:A!&(L#!0'&LK(@!U!Q*.L&=(!
>&&P(!33=!=7'!:&&*!Q&*!833*!(&*7>!(&!>33=!=33*!K&(!'3=+!)3=!.*4>4=&!)3=9&>&!
3=+&*&!*&+&=&=!+3=!9&*:#!-48=3!&&=!:93*(!>33(!>&/4++&'+!ll=!/33'!Q&*!833*!
(&*7>!\DNi]!&=!*74/!&&=!:93*(!\DIi]!>&/4++&'+!(9&&!:&&*!Q&*!833*#!`&!
*&@(&*&=+&!RVi!)3=!+&!$S<T'3=+&*@!>33(!+*4&!:&&*!.P!)3:&*!Q&*!833*!(&*7>!
=33*!K&(!K&*:./@('3=+!)3=9&>&!P3/4'4&?&2.&:A!)3:3=(4&A!&(L#!%&!24&=!K4&*?48!
)&*@LK4'!(7@@&=!+&!K&*:./@(>*.&Q&=#!`&!-7'>3*&=!&=!1.&/&=&=!>33=!/4=+&*!
)33:!Q&*!833*!(&*7>!=33*!K&(!K&*:./@('3=+!)..*!3=+&*&!*&+&=&=!+3=!9&*:!
2.3'@!P3/4'4&?&2.&:A!)3:3=(4&!&=!+&*>&'48:&!+3=!+&!O.'&=!&=!+&!.)&*4>&!$S<T
'3=+&*@#!

VV!

5$$6&'3%7-C-

!

%3==&&*!$S<T'3=+&*@!=33*!K&(!K&*:./@('3=+!(&*7>:&*&=!./!&*!)3:3=(4&!

(&!)4&*&=A!P3/4'4&!(&!?&2.&:&=!.P!)3=9&>&!&&=!3=+&*&!*&+&=!?'48P(!(9&&!+&*+&!
)3=!K&=!&*!ll=!(.(!(9&&!9&:&=!\UIi]!&=!&&=!)48P+&!+*4&!(.(!)4&*!9&:&=#!
0'&LK(@!&&=!:'&4=!>&+&&'(&!\GRi]!?'48P(!'3=>&*!+3=!)4&*!9&:&=!4=!K&(!
K&*:./@('3=+!)..*!&&=!3=+&*&!*&+&=!+3=!9&*:#!C&*+&*!24&=!9&!+3(!+&!
-7'>3*&=!&=!1.&/&=&=!3'@!2&!=33*!K74@!>33=!)..*!P3/4'4&?&2.&:A!)3:3=(4&!&=!
+&*>&'48:&!)..*!&&=!'3=>&*&!+77*!=33*!K74@!>33=!+3=!+&!O.'&=!&=!+&!.)&*4>&!
$S<T'3=+&*@#!!
!

S.:!)3=!+&!*&@Q.=+&=(&=!933*/&&!74(>&?*&4+!4@!>&@Q*.:&=A!:&&*(!K&(!

/&*&=+&&'!(48+&'48:!(&*7>!=33*!248=!K&*:./@('3=+!)..*!?48)..*?&&'+!
P3/4'4&?&2.&:A!)3:3=(4&A!&(L#A!2.3'@!..:!+&2&!-7'>33*@&!*&@Q.=+&=(!
?4==&=:.*(!>33(!+.&=#!!
!
Q!7-D,"-"%-#,,9-D94>-&*3-47-D4"","7$/3-3,/%)-"**/-M%9)*/4>,-)*J-!7-#,D-,,"&$A#3,/3>,-&*3-47-049-S4,"J-X**/-&/$$2-47-+*"J-X*3-4'-#,3-2$,494>7'3,\-EZG-47-S4,24>"-74"&-0,9-$()/$,4,"-+4*-17B(,-2**/-47-049-&,,9-,/-&,,9-+*"-%432*7,"JV-E/NOG-

!
<=:&'&!*&@Q.=+&=(&=!>&)&=!33=!+3(!&*!=.>!&&=!3=+&*&!*&+&=!4@!./!
>&+7*&=+&!K&(!833*!(&*7>!(&!:&*&=!=33*!K&(!K&*:./@('3=+#!648!94''&=!=4&(!K&(!
K&'&!833*!33=!&&=!@(7:!4=!X&+&*'3=+!9&*:&=A!2.+3(!248!+&!?&(33'+&!?&'3@(4=>!
)3=!+&!-&'3@(4=>+4&=@(!(&*7>!:7==&=!).*+&*&=#!

@DX!

V*($+9*,,%+)H=!+4(!K..P+@(7:!248=!9&!4=>&>33=!.Q!+&!3LK(&*>*.=+:&=/&*:&=!&=!+&!
/4>*3(4&>&@LK4&+&=4@!)3=!+&!*&L&=(&!3*?&4+@/4>*3=(&=!74(!+&!$S<T'3=+&=#!!
@A#3,/)/$"&`&!*&L&=(&!3*?&4+@/4>*3=(&=!+4&!33=!.=@!:93=(4(3(4&)&!.=+&*2.&:!K&??&=!
/&&>&9&*:(!248=!>&/4++&'+!>&=./&=!8.=>#!`&!>&/4++&'+&!'&&P(48+!4@!NEAV!
833*#!S=+&*!+&!*&@Q.=+&=(&=!?&)4=+&=!24LK!/&&*!/3==&=!\VIi]!+3=!
)*.79&=!\RNi]#!!
!

174/!&&=!:93*(!)3=!+&!$S<T'3=+&*@!4@!3''&&=@(33=+#!`&!/&&@(&!

*&@Q.=+&=(&=!K&??&=!&&=!Q3*(=&*!+4&!4=!+&!/&&@(&!>&)3''&=!..:!?48!K&/j!
K33*!4=!X&+&*'3=+!9..=(#!H=!)&&'!>&)3''&=!9&*:(!+&2&!Q3*(=&*!..:#!C3=!*74/!
&&=!:93*(!)3=!+&!*&@Q.=+&=(&=!/&(!&&=!Q3*(=&*!9..=(!+&!Q3*(=&*!4=!K&(!
K&*:./@('3=+#!!
!

C3=!+&!*&@Q.=+&=(&=!K&&P(!K&(!/&*&=+&&'!>&&=!:4=+&*&=#!C3=!+&!

/4>*3=(&=!+4&!9&'!:4=+&*&=!K&??&=A!K&??&=!+&!/&&@(&!G!k!D!:4=+&*&=#!C33:!

VU!

@A#3,/)/$"&7,"2,/7,"-,"-24)/*34,),'A#4,&,"4'-

9.=&=!+&2&!:4=+&*&=!=.>!4=!K&(!K&*:./@('3=+#!-48!*74/!&&=!:93*(!)3=!+&!
*&@Q.=+&=(&=!/&(!:4=+&*&=!9.=&=!+&!:4=+&*&=!?48!+&!3*?&4+@/4>*3=(!4=!
X&+&*'3=+#!X33*/3(&!/&=!'3=>&*!4=!X&+&*'3=+!)&*?'48P(A!9..=(!/&=!K4&*!
)3:&*!/&(!&&=!Q3*(=&*!&=j!.P!:4=+&*&=#!
:4)/*34,),'A#4,&,"4'-48=3!&&=!:93*(!)3=!+&!*&@Q.=+&=(&=!K&&P(!)..*!K&(!&&*@(!(7@@&=!GFMETDEEN!
\)..*!+&!<YT74(?*&4+4=>]!248=!K&*:./@('3=+!)&*'3(&=!./!&'+&*@!(&!>33=!
9&*:&=A!*74/!&&=!:93*(!(7@@&=!DEERTDEEUA!GM!Q*.L&=(!4=!DEEI!\(.&(*&+4=>!
1.&/&=4Z!&=!-7'>3*48&]!&=!DN!Q*.L&=(!K&&P(!).*4>!833*!)..*!K&(!&&*@(!248=!
K&*:./@('3=+!)&*'3(&=#!`&!*&@(&*&=+&!M!Q*.L&=(!4@!4=!+&!&&*@(&!+*4&!/33=+&=!
)3=!DEEF!)..*!K&(!&&*@(!=33*!K&(!?74(&='3=+!)&*(*.::&=#!!
!

`&!L48P&*@!)..*!93(!?&(*&P(!+&!&&*@(&!:&&*!+3(!/&=!=33*!X&+&*'3=+!4@!

)&*(*.::&=!./!(&!9&*:&=!248=!3'@!).'>(a!<&=!(4&=+&!)3=!+&!*&@Q.=+&=(&=!4@!
(7@@&=!GFMETDEEN!)..*!+&!&&*@(&!:&&*!=33*!X&+&*'3=+!>&:./&=!./!K4&*!(&!
9&*:&=A!&&=!)48P+&!(7@@&=!DEERTDEEUA!.Q=4&79!&&=!)48P+&!4=!DEEIA!?48=3!&&=!
+&*+&!)3=!+&!*&@Q.=+&=(&=!4=!DEEM!&=!GM!Q*.L&=(!2&&*!*&L&=(&'48:A!=3/&'48:!
>&+7*&=+&!K&(!?&>4=!)3=!DEEF#!!
!

[&(!/&*&=+&&'!)3=!+&!*&@Q.=+&=(&=!\UEi]!K&&P(!3''&&=!4=!X&+&*'3=+!

>&9&*:(#!`33*)3=!4@!+&!K&'P(!/&&*+&*&!:&*&=!4=!X&+&*'3=+!>&9&&@(#!C3=!+&!
*&L&=(&!3*?&4+@/4>*3=(&=!K&&P(!RE!Q*.L&=(A!=33@(!4=!X&+&*'3=+A!(&)&=@!4=!&&=!
3=+&*!'3=+!>&9&*:(a!+33*?48!>33(!K&(!/&(!=3/&!./!`74(@'3=+!&=j.P!./!K&(!
C&*&=4>+!W.=4=:*48:#![&(!/&*&=+&&'!\VDi]!)3=!+&!$S<T'3=+&*@!K&&P(!4=!K&(!
?74(&='3=+!4=!+&!'3=+T!&=!(74=?.79@&L(.*!>&9&*:(#!S.:!+&!?.79A!4=+7@(*4&!&=!
)&*).&*!&=!.Q@'3>!248=!@&L(.*&=!933*!*&'3(4&P!)&&'!$S<T'3=+&*@!4=!K&(!
?74(&='3=+!K&??&=!>&9&*:(#!!
!

`&!/&&@(!>&=.&/+&!*&+&=&=!./!)..*!X&+&*'3=+!(&!:4&2&=!93*&=a!./+3(!

&*!K4&*!9&*:!?&@LK4:?33*!93@A!&=j!.P!./!K&(!'..=#!!
!
Y,"&,924)/*34,[&(!/&*&=+&&'!)3=!+&!*&@Q.=+&=(&=!\VMi]!2&>(!>&/4++&'+!=7'!:&&*!Q&*!833*!
(&*7>!(&!:&*&=!=33*!K&(!K&*:./@('3=+!./!&*!(&!9&*:&=#!`&!/4>*3=(&=!+4&!9&'!
(&*7>>33=!./!(&!9&*:&=A!>33=!)33:!)..*!@'&LK(@!&&=!Q33*!9&:&=!(&*7>#!`&!
.)&*>*.(&!/&&*+&*K&4+!)3=!+&!$S<T'3=+&*@!\FRi]!>33(!./!&&=!3=+&*&!
*&+&=!+3=!9&*:!2.3'@!)3:3=(4&!&=!P3/4'4&?&2.&:!(&*7>!=33*!K&(!K&*:./@('3=+#!
-48=3!+&!K&'P(!\RVi]!)3=!+&!*&@Q.=+&=(&=!>33(!K4&*)..*!+*4&!:&&*!Q&*!833*!.P!
)3:&*!(&*7>!=33*!K&(!K&*:./@('3=+#![&(!/&*&=+&&'!\UIi]!?'48P(!2._=!&&=!(.(!
(9&&!9&:&=!4=!K&(!K&*:./@('3=+!&=!:./(!+3=!9&&*!(&*7>#!!
!

VI!

Z225&',.R-F!

FD>!

146$%&%+)-$+-!"#$%&-

U+6$%&%+)-04=+@!&&=!33=(3'!83*&=!248=!./)3=>*48:&!>*.&Q&=!3*?&4+@/4>*3=(&=!74(!+&!
$4++&=T!&=!S.@(T<7*.Q&@&!<Y!'3=+&=!9&*:233/!4=!X&+&*'3=+#!`&2&!
3*?&4+@/4>*3=(&=!9&*:&=!)33:!4=!@&L(.*&=!933*!)&&'!'33>>&:93'4P4L&&*+!9&*:!
)..*:./(!2.3'@!+&!'3=+T!&=!(74=?.79#!`3(!?&(&:&=(!&LK(&*!=4&(!+3(!+&!
3*?&4+@/4>*3=(&=!>&&=!.P!9&4=4>!@LK.'4=>!K&??&=!>&K3+#!Y4(!&&*+&*!
.=+&*2.&:!?'48:(!874@(!)33:!K&(!(&>&=+&&'!\`&!-../!&(!3'#!DEEM3a!W.*P!&(!3'#!
DEEF]#!H=!+4(!K..P+@(7:!>33=!9&!3''&*&&*@(!4=!.Q!K&(!.Q'&4+4=>@=4)&37!)3=!
*&L&=(&!/4>*3=(&=!74(!$4++&=T!&=!S.@(T<7*.Q3!\Q3*3>*33P!D]#!C&*).'>&=@!
:./(!+&!3*?&4+@Q.@4(4&!4=!K&(!K&*:./@('3=+!\Q3*3>*33P!N]!&=!4=!X&+&*'3=+!
\Q3*3>*33P!R]!33=!+&!.*+&#!`4(!K..P+@(7:!4@!>&?3@&&*+!.Q!+&!*&@7'(3(&=!)3=!
K&(!@7*)&dA!+&!4=P.*/3(4&!74(!+&!+4&Q(&T4=(&*)4&9@!/&(!*&L&=(&!
3*?&4+@/4>*3=(&=!&=!@'&7(&'4=P.*/3=(&=#!

FDG!

146$%&%+)'+%9$*.H=!P4>77*!R#G!4@!K&(!.Q'&4+4=>@=4)&37!>&Q*&@&=(&&*+&!)3=!+&!$S<T'3=+&*@!+4&!
33=!.=@!@7*)&d!K&??&=!+&&'>&=./&=#!C3=!+&!*&@Q.=+&=(&=!K&&P(!V!Q*.L&=(!
>&&=!.P!3''&&=!'3>&*!.=+&*948@!3P>&*.=+#!-48=3!&&=!:93*(!\DNi]!)3=!+&!
*&@Q.=+&=(&=!K&&P(!&&=!.Q'&4+4=>@=4)&37!+3(!)&*>&'48:?33*!4@!/&(!K&(!
X&+&*'3=+@&!)/?.#!`&!.)&*>*.(&!/&&*+&*K&4+!\VDi]!K&&P(!&&=!.Q'&4+4=>!
3P>&*.=+!+4&!)&*>&'48:?33*!4@!/&(!K3).j)9.!.P!/?.#!`&!*&@(&*&=+&!DE!
Q*.L&=(!)3=!.=2&!*&@Q.=+&=(&=!K&&P(!&&=!K?.T.Q'&4+4=>!3P>&*.=+!.P!K&&P(!
>&@(7+&&*+!33=!+&!7=4)&*@4(&4(#!DM!%3==&&*!9&!+&!K&*:./@(>*.&Q&=!
)&*>&'48:&=!24&=!9&!+3(!+&!-7'>33*@&!&=!1.&/&&=@&!/4>*3=(&=!@4>=4P4L3=(!
)3:&*!K&??&=!>&@(7+&&*+!+3=!+&!/4>*3=(&=!74(!O.'&=!&=!+&!.)&*4>&!$S<T
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
DM

!! `&!.=+&*948@@d@(&/&=!4=!+&!$4++&=!&=!S.@(T<7*.Q&@&!<Y!54+@(3(&=!)&*@LK4''&=!)3=!
&':33*!&=!948:&=!3P!)3=!K&(!X&+&*'3=+@&!.=+&*948@@d@(&&/#!SQ!?3@4@!)3=!
)&*>&'48:4=>!)3=!@LK&/3(4@LK&!74(9&*:4=>!)3=!+&!.=+&*948@@d@(&/&=!&=!/&(!
3@@4@(&=(4&!)3=!+&!+4)&*@&!)&*(3'&*@!248=!+&!+4)&*@&!@d@(&/&=!2.!>.&+!/.>&'48:!
>&L.+&&*+!=33*!+&!>&K3=(&&*+&!)4&*+&'4=>#!!

VF!

5$$6&'3%7-a-

'3=+&=#!`&!)*.79&'48:&!*&@Q.=+&=(&=!248=!@4>=4P4L3=(!K.>&*!.Q>&'&4+!+3=!+&!
/3==&'48:&!*&@Q.=+&=(&=#!
!
!
$#$%%&

CA@

! <<AE

B<A<

<FA?

!
!
-9GG4&&%/0 ?AF
1#2$

BA>

>DA@

B=AB

!
!

<CA?

<>AF
BFA@

<FAF

!
!
BA<

!

5*&0%24/67#4-4/4/ <AD

!
>BA>

3#&4/

#84290 ?A@

<BA>

B<A<

>=AB

C=A<

!

>EAF

?CAE
BDA?

!

>EAF

!
-%/

CAD

!

<=A>

B>AD

>@A?

!
CAC

82#*:

F,

>=A?

B<AB

!

>F,!

<F,

!

?F,

CF,

&%042!#/G42:9;)

8-(#

BF,

<BAD
@F,

=F,

N%8#68:#6-(#

N(#6:#

DF,

EF,

>FF,

!
[%).."-FD>E-146$%&%+)'+%9$*.-+**"-(%)"*,%$4$"%2&$S-8$"R2(',)"2$4-$+-)$'6*78,-a%+bcM/$"?-<:;<-FNNOI-P4'D$-

!
<&=!)&*>&'48:4=>!)3=!K&(!.Q'&4+4=>@=4)&37!)3=!+&!3*?&4+@/4>*3=(&=!74(!+&!
$S<T'3=+&=!/&(!K&(!.Q'&4+4=>@=4)&37!)3=!+&!X&+&*'3=+@&!?&*.&Q@?&).':4=>!
\P4>77*!R#D]!'33(!24&=!+3(!+&!*&L&=(&!3*?&4+@/4>*3=(&=!74(!+&!$S<T'3=+&=!
>&/4++&'+!>&=./&=!4&(@!'3>&*!248=!.Q>&'&4+!+3=!+&!37(.LK(.=&!X&+&*'3=+&*@A!
/33*!33=24&='48:!K.>&*!+3=!?48)..*?&&'+!+&!X&+&*'3=+&*@!)3=!J7*:@&!.P!
$3*.::33=@&!K&*:./@(# DF!!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
DF

!! <&*+&*&!@Q&L4P4&:&!3=3'd@&@!.Q!?3@4@!)3=!>&>&)&=@!74(!+&!<=b7c(&!
-&*.&Q@-&).':4=>!833*>3=>!DEEE!(j/!DEEU!)3=!K&(!h-0!\24&!+&!-../!&(!3'#!DEEM]!
'3(&=!24&=!+3(!+&!$S<T'3=+&*@!+4&!*&&+@!'3=>&*&!(48+!4=!X&+&*'3=+!248=!>&)&@(4>+A!.P!
?&(&*!>&2&>+!+4&!33=!+&!<--!K&??&=!+&&'>&=./&=A!=.>!33=24&='48:!K.>&*!.Q>&'&4+!
248=!+3=!+&!*&L&=(&!3*?&4+@/4>*3=(&=!74(!+&!$S<T'3=+&=!+4&!33=!.=@!@7*)&d!K&??&=!
/&&>&9&*:(#!

UE!

;(9,4&4")-,"-*/D,4&-

!
CA@ !

H[PV&%/G42)

<FA?

B<A<

<<AE

!
!
\*$#MN$#/4/

=A< !

U4)$42)4!%&&#MN$#/4/

=AE

<=A<

C<A>

<?AC

!

Y94$V: 4)$42)4!%&&#MN$#/4/

?>AD

?EA=

<FA=

!
!>=AE

>=A@

?BA<

<EA?

!
: %%2#/G42

!

"*214/

!

EA?

<EAC

?CA?

<=AF

!
H%2#11%/4/

!
!
><AC

J*29/%-42)

>FA=

?<AF

?>A>

<@A<
<=A=

C<A@

>=AC

<DAE

CFAF

<FAF

!
\/$9&&9%/4/6\2*(%/4/
F,

>>A>

!

! >F,
!

<F,

?F,

CF,

&%042!#/G42:9;)

8-(#

BF,

@F,

=F,

N%8#68:#6-(#

N(#6:#

DF,

EF,

>FF,

!
[%).."-FDGE-146$%&%+)'+%9$*.-/1306*+&$"'-%+-9$")$6%TR%+)-($,-&$-N$&$"6*+&'$-#$"2$4'#$926R%+)-abcM/$"?-:;<=9*"&,/'?-<:;<-FNNOI-P4'D$\-$+,/4),-)/$,(,"?-<MM-FNNbI-LM1--

FD@!

!"#$%&'42'%,%$-8$"R2(',6*+&C3=!+&!$S<T'3=+&*@!+4&!*&L&=(!4=!X&+&*'3=+!248=!:./&=!9&*:&=A!93@!.Q!K&(!
/./&=(!+3(!248!K7=!K&*:./@('3=+!)..*!K&(!&&*@(!)&*'4&(&=A!?48=3!GV!Q*.L&=(!
9&*:'..@#!-48=3!DE!Q*.L&=(!)3=!+&!*&@Q.=+&=(&=!@(7+&&*+&!.P!23(!=.>!.Q!
@LK..'A!N!Q*.L&=(!93@!9&*:233/!4=!K&(!&4>&=!K74@K.7+&=#![&(!>*..(@(&!+&&'!
)3=!+&!3*?&4+@/4>*3=(&=!74(!+&!$S<T'3=+&=!\UNi]!K3+!4=!K&(!K&*:./@('3=+!
&&=!?33=!\24&!P4>77*!R#N]#!$&(!=3/&!)3=!+&!O..'@&!/4>*3=(&=!93@!&&=!
33=24&='48:!+&&'!9&*:'..@!.P!9&*:2.&:&=+!\GIi]#!`&!3*?&4+@Q.@4(4&!)3=!+&!
O..'@&!/4>*3=(&=!)&*@LK4'(!@4>=4P4L3=(!)3=!+&!/4>*3=(&=!74(!-7'>3*48&!&=!
1.&/&=4Z!\GG!Q*.L&=(!9&*:'..@]!&=!)3=!+&!/4>*3=(&=!74(!+&!.)&*4>&!$S<T
'3=+&=!\M!Q*.L&=(!9&*:'..@]#!!
!

UG!

5$$6&'3%7-a-

!
$#$%%&

@<A@

!

>CA=

<AD

>EAD

<AB

>DAD

!
!

-9GG4&&%/0

@@AE

!

1#2$

>>AE

@>AC

!

>BA@

<AE

<FA>

<AE

<>A?

!
!
3#&4/

BEAF

!
!

5*&0%24/67#4-4/4/

=BAF

!

#84290!H[P

>@AD

>FA=

@DA<

DAF

<A?

<A=

>>A@

<>A@

!
!
!

-%/

!

82#*:

!
F,

>F,

! <F,

=<AF

>?A@

BFA=
?F,

CF,

:4214/G ! `#/G42!:4216:421`#414/G

>@A>

BAF

@F,

=F,

BF,

N*9)N#*G4/

>AF

>?AC

<DA<
DF,

EF,

>FF,

)$*G4/$6)MN#&942

!
[%).."-FD@E-/**,'78*44$6%TR$-42'%,%$-%+-8$,-8$"R2(',6*+&-+**"-(%)"*,%$4$"%2&$S-8$"R2(',)"2$4-$+-)$'6*78,-a%+bcM/$"?-<:;<-FNNOI-P4'D$-

FD@D>!

V$7,2"-$+-#$"2$4-%+-8$"R2(',6*+&"3=!+&!*&@Q.=+&=(&=!4@!..:!>&)*33>+!4=!9&':&!@&L(.*!2&!)..*=3/&'48:!K&??&=!
>&9&*:(!4=!K7=!K&*:./@('3=+!&=!93(!K7=!?&*.&Q@=4)&37!93@#!!
$&&*!+3=!&&=!)48P+&!)3=!+&!$S<T'3=+&*@!9&*:(&!4=!+&!4=+7@(*4&#!
`33*=33@(!9&*:(&=!*&'3(4&P!)&&'!/4>*3=(&=!4=!+&!?.79!\GMi]A!'3=+T!&=!
(74=?.79!\GNi]!&=!4=!+&!>*..(T!&=!+&(34'K3=+&'!\GDi]#!Y4(&*33*+!+.&=!24LK!
K4&*4=!)&*@LK4''&=!)..*!(7@@&=!/3==&=!&=!)*.79&=#!6.!93*&=!&*!=379&'48:@!
)*.79&=!9&*:233/!4=!+&!?.79!\GAVi]!&=!9&*:(&=!874@(!*&'3(4&P!)&&'!)*.79&=!
4=!+&!+&(34'K3=+&'!\GIi]A!K.*&L3!\GGi]!&=!:4=+&*.Q)3=>!\GEi]!\24&!(3?&'!
?R#D!4=!+&!?48'3>&!?48!+4(!K..P+@(7:]#!
[&(!/&*&=+&&'!)3=!+&!*&@Q.=+&=(&=!9&*:(&!4=!K&(!K&*:./@('3=+!4=!K&(!
.=+&*@(&!@&>/&=(!)3=!+&!3*?&4+@/3*:(#!GI!Q*.L&=(!K3+!&&=!&'&/&=(34*!
?&*.&Q!&=!?48=3!RE!Q*.L&=(!&&=!'3>&*!?&*.&Q#!-48=3!&&=!+&*+&!)3=!+&!
/4>*3=(&=!9&*:(&!4=!/4++&'?3*&!?&*.&Q&=!&=!GG!Q*.L&=(!4=!K.>&*&!
?&*.&Q&=# NE!`&!3*?&4+@/4>*3=(&=!74(!O.'&=!9&*:(&=!4=!K7=!(K74@'3=+!
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
NE

!! 36$($+,*%"$-#$"2$4$+!248=!?&*.&Q&=!933*)..*!=4&(!.P!=379&'48:@!@LK.'4=>!=.+4>!4@!
2.3'@B!Q*.+7L(4&/&+&9&*:&*A!@'.Q&*A!)3::&=)7''&*A!:*3=(&=?&2.*>&*A!@LK..=/3:&*A!
>'32&=93@@&*!&=!+&*>&'48:&#!C..*!+&!6*)$"$-#$"2$4$+!4@!'3>&*!\?&*.&Q@].=+&*948@!
)&*&4@(#!$&=!:3=!+3=!+&=:&=!33=!?&*.&Q&=!2.3'@!@(7:3+..*A!@LK4'+&*A!@'3LK(&*A!

UD!

;(9,4&4")-,"-*/D,4&-

@4>=4P4L3=(!)3:&*!33=!+&!.=+&*:3=(!)3=!+&!3*?&4+@/3*:(!+3=!/4>*3=(&=!74(!+&!
3=+&*&!$S<T'3=+&=!\24&!P4>77*!R#R]#!
!
!
>=

$#$%%&

CFA<

!

?<

>FAD

<EA>

>?A<

!
!
>?A<

-9GG4&&%/0

!

>DA<

1#2$

CCAC

!

?DAE

?<AD

>FA>

!
!
>DAD

3#&4/

!

EA?

5*&0%24/67#4-4/4/

!

>=A>

#84290!H[P

C@AC

!

!

<DAC

<D

?EA?
<FA=

@AC
<?AC

C<A=

>EAB

!
!

>BA>

-%/

!

>DAE

82#*:

!

F,

<F,
!

!
4&4-4/$%92!(42#4K

C<AC

??A<

?=AC

?FA@

CF,

&%042!(42#4K

EA?

@F,

-9GG4&(%%2!(42#4K

>?A<
DF,

>FF,

N##0!(42#4K

!
[%).."-FDFE-L$"2$4'+%9$*.-%+-8$,-8$"R2(',6*+&-+**"-(%)"*,%$4$"%2&$S-8$"R2(',)"2$4-$+-)$'6*78,-a%+-bcM/$"?-<:;<-FNNOI-P4'D$-

!
174/!+&!K&'P(!\VNi]!)3=!+&!*&@Q.=+&=(&=!K3+!4=!K&(!(K74@'3=+!9&*:!.Q!K&(!
=4)&37!933*)..*!/&=!93@!.Q>&'&4+#!-48=3!&&=!:93*(!\DNi]!K3+!9&*:!.=+&*!
K&(!=4)&37!)3=!K7=!.Q'&4+4=>!&=!DG!Q*.L&=(!93@!&4>&='48:!)..*!4&(@!3=+&*@!
.Q>&'&4+#!0'&LK(@!N!Q*.L&=(!)3=!+&!*&@Q.=+&=(&=!K3+!4=!K&(!K&*:./@('3=+!
9&*:!933*)3=!K&(!=4)&37!K.>&*!'3>!+3=!933*)..*!/&=!93@!.Q>&'&4+#!

FD@DG!

U+R2(',$+-%+-8$"R2(',6*+&-C3=!+&!$S<T'3=+&*@!)&*+4&=+&!GN!Q*.L&=(!4=!K&(!K&*:./@('3=+!/4=+&*!+3=!
DVE!&7*.!?*7(.!Q&*!/33=+#!<&=!.Q!+&!+*4&!)&*+4&=+&!(7@@&=!DVE!&=!VEE!&7*.!
&=!&&=!:93*(!)&*+4&=+&!(7@@&=!VEE!&=!GEEE!&7*.!Q&*!/33=+#!`&!*&@(!\DMi]!
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
LK37PP&7*A!:3@@3/&+&9&*:@(&*A!3+/4=4@(*3(4&P!/&+&9&*:&*!&=!+&*>&'48:&#!-48!
(%&&$6#*"$-#$"2$4$+!>33(!K&(!./!?&*.&Q&=!2.3'@!'3?.*3=(A!?&+*48P@K..P+!
(74=?.79?&+*48PA!33==&/&*A!37(./.=(&7*A!&'&:(*4L4&=A!3P+&'4=>@/3=3>&*A!
)&*Q'&&>:7=+4>&A!L./Q7(&*Q*.>*3//&7*A!94=:&'4&*A!+.73=&3/?(&=33*A!Q.'4(4&3>&=(!
.P!/33(@LK3QQ&'48:!9&*:&*#!-48!82)$-#$"2$4$+!/.&(!/&=!+&=:&=!33=!?48)..*?&&'+!!
+.L&=(A!?&'&4+@/&+&9&*:&*A!.=+&*2.&:&*A!.Q24LK(&*A!?&+*48P@K..P+A!:3Q4(&4=A!3*(@A!
+4*&L(&7*A!9&(&=@LK3QQ&'48:!/&+&9&*:&*A!/3:&'33*A!3L(&7*!.P!/3=3>&*#!
UN!

5$$6&'3%7-a-

K3+!&&=!?*7(.!'..=!)3=!/&&*!+3=!GEEE!&7*.!Q&*!/33=+#!-7'>3*&=!&=!
1.&/&=&=!)&*+4&=+&=!4=!K7=!K&*:./@('3=+!&&=!@4>=4P4L3=(!'3>&*!?*7(.!
/33=+@3'3*4@!+3=!+&!O.'&=!&=!+&!.)&*4>&!$S<T'3=+&*@#!<&=!+&*+&!)3=!+&!
-7'>3*&=!&=!1.&/&=&=!)&*+4&=+&!/4=+&*!+3=!DVE!&7*.!?*7(.!Q&*!/33=+#!%&!
24&=!)&*+&*!@4>=4P4L3=(&!)&*@LK4''&=!(7@@&=!+&!)*.79&'48:&!&=!/3==&'48:&!
*&@Q.=+&=(&=#!`&!)*.79&'48:&!*&@Q.=+&=(&=!)&*+4&=+&=!4=!K7=!K&*:./@('3=+!
@4>=4P4L3=(!/4=+&*!+3=!+&!/3==&'48:&!*&@Q.=+&=(&=!\24&!(3?&'!?R#N!4=!+&!
?48'3>&!?48!+4(!K..P+@(7:]#!

FDF!

!"#$%&'42'%,%$-%+-N$&$"6*+&<&=!2&&*!>*..(!+&&'!)3=!+&!*&@Q.=+&=(&=!\?48=3!FV!Q*.L&=(]A!)&**4LK(!.Q!K&(!
/./&=(!+3(!948!2&!@Q*&:&=!?&(33'+!9&*:#!"3=>&24&=!K&(!K74+4>&!.=+&*2.&:!
24LK!*4LK(!.Q!*&L&=(&!3*?&4+@/4>*3=(&=!4@!+4(!K.>&!33=+&&'!=4&(!)&*9.=+&*'48:#!
<&=!:'&4=!+&&'!)3=!+&!*&@Q.=+&=(&=!4@!.Q!K&(!/./&=(!)3=!K&(!@7*)&d!.Q!2.&:!
=33*!9&*:!\Ni]!.P!9&*:233/!4=!K&(!&4>&=!K74@K.7+&=!\Di]# NG!S=+&*!
-7'>3*&=!&=!1.&/&=&=!4@!K&(!33=+&&'!9&*:2.&:&=+&=!/&(!?48=3!GE!Q*.L&=(!
33=24&='48:!>*.(&*!+3=!.=+&*!O.'&=!\Di]#!C*.79&=!9&*:&=!*&'3(4&P!/&&*!4=!
K&(!&4>&=!K74@K.7+&=!+3=!/3==&=!\24&!P4>77*!R#V]#!-&4+&!)&*@LK4''&=!248=!
@(3(4@(4@LK!@4>=4P4L3=(#!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
NG

!! <=:&'&!*&@Q.=+&=(&=!\I]!>&)&=!33=!(&!9&*:&=!&=!(&)&=@!.Q!2.&:!(&!248=!=33*!9&*:!
.P!9&*:233/!(&!248=!4=!K&(!&4>&=!K74@K.7+&=#!`&2&!248=!>&L3(&>.*4@&&*+!.=+&*!
9&*:2.&:&=+!+3=!9&'!9&*:233/!4=!&4>&=!K74@K.7+&=#!!

UR!

;(9,4&4")-,"-*/D,4&-

!
$#$%%&

ECAB

!

?A<

!
!
-9GG4&&%/0
1#2$

E?A>

!
!

<AE

ECAE

?A?

EBA=

>A=

!
!
3#&4/

!

5*&0%24/67#4-4/4/

!

#84290!H[P

D=A=

!
!

EA@

EBA=

CA?

E@A<

?AC

!
-%/

!
!

82#*:

E>AE

!
F,

>F,!

!

<F,

?F,

CF,

BF,

:4214/G

`#/G42!:4216:421`#414/G

?A<

@F,

=F,

DF,

EF,

>FF,

N*9)N#*G4/

!
[%).."-FDYE-/**,'78*44$6%TR$-42'%,%$-%+-N$&$"6*+&-+**"-(%)"*,%$4$"%2&$S-8$"R2(',)"2$4-$+-)$'6*78,-abcM/$"?-<:;<-FNNOI-P4'D$-

!
`&!3*?&4+@/4>*3=(&=!248=!)..*=3/&'48:!9&*:233/!4=!P'&e4?&'&!3*?&4+@*&'3(4&@!
\24&!(3?&'!R#G]#!6.!9&*:(!RN!Q*.L&=(!)3=!+&!*&@Q.=+&=(&=!)43!&&=!
74(2&=+?7*&37!&=!9&*:(!=.>!&&=@!DF!Q*.L&=(!.Q!?3@4@!)3=!&&=!(48+&'48:!
L.=(*3L(#!0'&LK(@!GN!Q*.L&=(!)3=!+&!*&@Q.=+&=(&=!K&&P(!&&=!)3@(!
+4&=@()&*?3=+#!$&&*!+3=!GE!Q*.L&=(!\GDi]!)3=!+&!*&@Q.=+&=(&=!9&*:(!)..*!
&4>&=!*&:&=4=>#!S)&*!K&(!3'>&/&&=!>33(!K&(!+33*?48!./!2&'P@(3=+4>&=!2.=+&*!
Q&*@.=&&'!\MMi]!+&!.)&*4>&!GD!Q*.L&=(!)3=!+&!.=+&*=&/&*@!K&&P(!9&'!
Q&*@.=&&'!4=!+4&=@(#!J&=@'.((&!>&&P(!NAV!Q*.L&=(!)3=!+&!*&@Q.=+&=(&=!33=!
293*(!(&!9&*:&=#!
%3==&&*!9&!+&!:.*(&!(&*/48=!/4>*3=(&=!)&*>&'48:&=!/&(!+&!'3=>&!(&*/48=!
/4>*3=(&=!24&=!9&!+3(!)3=!+&!'33(@(&!>*.&Q!GM!Q*.L&=(!&&=!)3@(!
+4&=@()&*?3=+!K&&P(#!`4(!Q&*L&=(3>&!4@!=.>!'3>&*!.=+&*!/4>*3=(&=!+4&!K4&*!
:.*(&*!9&*:&=#!
J&=!33=24&=!)3=!+&!33*+!)3=!+&!3*?&4+@*&'3(4&!?&@(33=!&*!.Q)3''&=+&!
)&*@LK4''&=!(7@@&=!+&!K&*:./@(>*.&Q&=#!C3=!+&!O..'@&!/4>*3=(&=!9&*:(!/&&*!
+3=!+&!K&'P(!)43!&&=!74(2&=+?7*&37!&=!K&&P(!*74/!&&=!:93*(!&&=!(48+&'48:&!
33=@(&''4=>#!C3=!+&!-7'>33*@&!&=!1.&/&&=@&!/4>*3=(&=!9&*:(!&&=!*&'3(4&P!
>*..(!+&&'!.Q!?3@4@!)3=!&&=!(48+&'48:!L.=(*3L(!\RGi]!&=!K&&P(!@'&LK(@!&&=!

UV!

5$$6&'3%7-a-

?&Q&*:(&!>*.&Q!&&=!33=@(&''4=>!?48!&&=!74(2&=+?7*&37!\Ii]#!S=+&*!-7'>3*&=!
&=!1.&/&=&=!4@!K&(!33=+&&'!2&'P@(3=+4>&=!/&(!NGi!33=24&='48:!>*.(&*!+3=!
.=+&*!+&!O.'&=!\Ii]#!-7'>3*&=!&=!1.&/&=&=!>&)&=!?.)&=+4&=!)&&'!)3:&*!
+3=!O.'&=!33=!\74(@'74(&=+]!293*(!(&!9&*:&=#!-&4+&!)&*@LK4''&=!248=!
933*@LK48='48:!>&*&'3(&&*+!33=!+&!Q.@4(4&!933*4=!+&2&!>*.&Q&=!)&*:&*&=#!
"*?&4+@/4>*3=(&=!74(!+&!$S<T'3=+&=!+4&!4=!DEER!(.(!+&!<7*.Q&@&!Y=4&!248=!
(.&>&(*&+&=A!2.3'@!K&(!>&)3'!4@!?48!+&!O.'&=A!/.>&=!@4=+@!G!/&4!DEEI!2.=+&*!
(&9&*:@(&''4=>@)&*>7==4=>!4=!X&+&*'3=+!9&*:&=#!"*?&4+@/4>*3=(&=!74(!
1.&/&=4Z!&=!-7'>3*48&!K&??&=!&LK(&*!=.>!9&'!&&=!(&9&*:@(&''4=>@)&*>7==4=>!
=.+4>!./!4=!X&+&*'3=+!4=!'..=+4&=@(!(&!/.>&=!9&*:&=#!C..*!2&'P@(3=+4>!
.=+&*=&/&*@!>&'+(!+&2&!)&*Q'4LK(4=>!=4&(#!C..*!@.//4>&!/4>*3=(&=!74(!
1.&/&=4Z!&=!-7'>3*48&!4@!9&*:&=!)..*!&4>&=!*&:&=4=>!T.P!293*(!9&*:&=T!
+33*+..*!+&!&=4>&!/.>&'48:K&4+!./!4=!X&+&*'3=+!(&!:7==&=!9&*:&=#!
!
^*#$6-FD>E-!"#$%&'42'%,%$-%+-N$&$"6*+&-+**"-(%)"*,%$,$"(%T+S-8$"R2(',)"2$4-$+-)$'6*78,-a%+-bc-

!!
H(,#%5&>.&%'%#!
&##/G94/)$!89%!*9$`4/G(*24%*!
&##/G94/)$!$9;G4&9;1!M#/$2%M$!
&##/G94/)$!8%)$!M#/$2%M$!
4904/!(4G29;X!
`:%2$!:421!
\%/$%&!24)K#/G4/$4/!

$#$%%&!
!
C?A>!
<DAB!
><AB!
><AC!
?AB!
=>F!
&

!"#$%&'()'&*++,-&./01#&

FDFD>!

-9GG4&!
&%/0!
!!
?FA>!
<DA<!
>DAC!
>EAF!
CA?!
>@?!
&

1#2$!
!!
C=AF!
<DAB!
>FAD!
>FAC!
?A?!
BC=!
&

3#&4/!
!
B>A@!
<@AD!
>?A>!
@AE!
>AB!
B>E!
&

5*&0%29;46!
7#4-4/9d!!
!
@AE!
C>A<!
BAE!
?>AC!
>CA=!
>F<!
&

#84290!
!
?CAD!
<?A@!
>@AE!
<<AB!
<A<!
DE!
&

-%/!
!!
C?A>!
<=A<!
>>A>!
>BA@!
?AF!
CFC!
&

82#*:!
!
C<AC!
?FA<!
>CA@!
DA?!
CAB!
<DD!
&

V$7,2"-$+-#$"2$4-%+-N$&$"6*+&C&*74(!K&(!>*..(@(&!+&&'!)3=!+&!3*?&4+@/4>*3=(&=!74(!+&!$4++&=T!&=!S.@(T
<7*.Q&@&!'3=+&=!9&*:(!4=!X&+&*'3=+!4=!@&L(.*&=!/&(!)&&'!'33>>&:93'4P4L&&*+&!
3*?&4+#!-48=3!+&!K&'P(!)3=!+&!$S<T'3=+&*@!9&*:(!4=!+&!'3=+T!&=!(74=?.79!
\RIi]#!`33*=33@(!9&*:(!&&=!33=24&='48:!+&&'!)3=!+&!$S<T'3=+&*@!4=!+&!
4=+7@(*4&!\GVi]!&=!4=!+&!?.79!\GDi]#!f4>77*!R#U!'33(!24&=!+3(!/&(!=3/&!&&=!
33=24&='48:!+&&'!)3=!+&!/4>*3=(&=!+4&!2&&*!*&L&=(&'48:!=33*!X&+&*'3=+!248=!
>&:./&=!4=!+&!'3=+T!&=!(74=?.79!9&*:(!\VDi]#!`4(!248=!933*@LK48='48:!
>*.(&=+&&'@!+&!2.>&=33/+&!@&42.&=@3*?&4+&*@!+4&!)..*!&&=!?&Q33'+&!Q&*4.+&!
=33*!X&+&*'3=+!:./&=!./!4=!+&!'3=+T!&=!(74=?.79!(&!9&*:&=#!
$&&*!+3=!+&!K&'P(!)3=!+&!O..'@&!3*?&4+@/4>*3=(&=!9&*:(!4=!+&!'3=+T!&=!
(74=?.79@&L(.*#!S.:!)3=!+&!-7'>33*@&!&=!1.&/&&=@&!/4>*3=(&=!9&*:(!&&=!
33=24&='48:!+&&'!4=!+&!'3=+T!&=!(74=?.79!\NIi]#!`33*=33@(!248=!*&'3(4&P!)&&'!
-7'>33*@&!&=!1.&/&&=@&!/4>*3=(&=!9&*:233/!4=!+&!?.79!\DDi]#!6.3'@!9&!
..:!3'!23>&=!?48!+&!3=3'd@&!)3=!+&!33*+!)3=!K&(!9&*:!4=!K&(!K&*:./@('3=+!
+.&=!24LK!..:!K4&*!)&*@LK4''&=!)..*!(7@@&=!/3==&=!&=!)*.79&=#!%&+&*./!
24&=!9&!+3(!&*!=379&'48:@!)*.79&=!9&*:233/!248=!4=!+&!?.79!\EAIi]#!"=+&*@!

UU!

;(9,4&4")-,"-*/D,4&-

+3=!4=!K7=!K&*:./@('3=+!9&*:&=!&*!4=!X&+&*'3=+!9&'!*&'3(4&P!)&&'!)*.79&=!4=!
+&!'3=+T!&=!(74=?.79!\VNi]#!C..*!&&=!/&&*!>&+&(34''&&*+&!)&*+&'4=>!=33*!
@&L(.*&=!9.*+(!)&*9&2&=!=33*!(3?&'!?R#R!4=!+&!?48'3>&!?48!+4(!K..P+@(7:]#!
!
!

$#$%%&

>FAE

DA?

=A?

>CA@

><A?

C@A@

!
!
!<EA>

-9GG4&&%/0

!

1#2$

><

>@AC

EA>

>?AE

>EAC

>CAD

>FAB

BAD

@A=

B>AE

>FA<

BCA?

EA?

>@AB

>AE BA@

>C

<FAB

><A>

>CA?

<FAE

!
!
!

3#&4/

!

5*&0%24/67#4-4/4/
#84290!H[P

!

<>AB

?@AC
>DA=

>BAC !

>DA=

@AD

@

=A<

!
!
-%/

!

82#*:
F,

Q%/GV!4/!"*9/(#*:

B?A<

!
!

<F,

5#*:

!

]/G*)$294

FA =

CF,

R428#42!4/!#K)&%0

EAC

>BA@

<>A?

C>A?

!

>?A?
@F,

?AD

>>AE

BAC

@AD

>=A>

DF,

_%14&9;146X9/%/M94&4!G94/)$842&4/9/0

>FF,

#84290

[%).."-FDXE-!"#$%&'(%)"*+,$+-%+-N$&$"6*+&-+**"-'$7,2"-(%)"*,%$4$"%2&$S-8$"R2(',)"2$4-$+-)$'6*78,-abcM/$"?-<:;<-FNNOI-P4'D$-

!
<&*+&*!\Q3*3>*33P!R#N]!9&*+!+74+&'48:!+3(!K&(!/&*&=+&&'!)3=!+&!/4>*3=(&=!4=!
K&(!K&*:./@('3=+!9&*:233/!93@!4=!K&(!.=+&*@(&!@&>/&=(!)3=!+&!
3*?&4+@/3*:(#!-48=3!UE!Q*.L&=(!K3+!4=!K&(!K&*:./@('3=+!&&=!?&*.&Q!933*)..*!
>&&=!.P!\'3>&*]!?&*.&Q@.=+&*948@!=.+4>!93@#!f4>77*!R#I!'33(!24&=!+3(!4=!
X&+&*'3=+!&&=!=.>!>*.(&*!+&&'!)3=!+&!3*?&4+@/4>*3=(&=!'33>>&:93'4P4L&&*+!
9&*:!)&**4LK(#!C3=!+&!3*?&4+@/4>*3=(&=!9&*:(!NI!Q*.L&=(!.Q!&&=!&'&/&=(34*!
?&*.&Q@=4)&37!&=!=.>!&&=@!RE!Q*.L&=(!.Q!&&=!'3>&*!?&*.&Q@=4)&37#!$4=+&*!
+3=!&&=!:93*(!)3=!+&!3*?&4+@/4>*3=(&=!K&&P(!&&=!?&*.&Q!.Q!/4++&'?33*!
\GVi]!.P!K..>!=4)&37!\Mi]#!
$4>*3=(&=!9&*:&=!*&'3(4&P!)33:!.Q!&&=!'33>!=4)&37A!/33*!248=!2.3'@!&&*+&*!
+74+&'48:!9&*+!*&'3(4&P!K..>!.Q>&'&4+#![&(!4@!+3=!..:!=4&(!)*&&/+!+3(!NF!
Q*.L&=(!)3=!+&!$S<T'3=+&*@!2&>(!(&!9&*:&=!.=+&*!K&(!=4)&37!933*)..*!/&=!
4@!.Q>&'&4+!&=!+33*=33@(!=.>!&&=@!&&=!:93*(!)3=!+&!/4>*3=(&=!33=>&&P(!)..*!
3=+&*@..*(4>!9&*:!(&!248=!.Q>&'&4+#!"3=!+&!/4>*3=(&=!4@!..:!>&)*33>+!K&(!
=4)&37!)3=!K&(!9&*:!4=!X&+&*'3=+!(&!)&*>&'48:&=!/&(!K&(!9&*:!4=!K&(!

UI!

5$$6&'3%7-a-

K&*:./@('3=+#![&(!>*..(@(&!+&&'!)3=!+&!/4>*3=(&=!\REi]!)4=+(!+3(!K&(!9&*:!
b73!=4)&37!/4=!.P!/&&*!.)&*&&=:./(#!174/!&&=!+&*+&!+&&'!)3=!+&!/4>*3=(&=!
K&&P(!9&*:!.=+&*!K&(!=4)&37!)3=!K&(!9&*:!4=!K&(!K&*:./@('3=+!&=!?48=3!&&=!
:93*(!K&&P(!9&*:!)3=!&&=!K.>&*!=4)&37!+3=!K&(!9&*:!+3(!248!4=!K&(!
K&*:./@('3=+!K3++&=!\24&!(3?&'!?R#V!4=!+&!?48'3>&]#!!
!
!
$#$%%&

=AE

>B

?EAD

?=A?

!
!

-9GG4&&%/0
1#2$

!
!

=AB

>?A=

?DAC

CFAC

!

EA?

>EA?

CCA=

<@A=

!
3#&4/
5*&0%24/67#4-4/4/
#84290!H[P

!

!

>BAB

>=AE

?BA=

?>

>DAC

<CA?

?EAD

>=AB
!

CA<

><AB

CFA@

C<A=

!

!
!
-%/

!
!

82#*:

>DA>

C<A?

?<A?

>>AB

?@A?

C?AB

=A?
DAD

!
F,

!

<F,

4&4-4/$%92!(42#4K
!

CF,

&%042!(42#4K

@F,

-9GG4&(%%2!(42#4K

DF,

>FF,

N##0!(42#4K

!
[%).."-FD?E-L$"2$4'+%9$*.-%+-N$&$"6*+&-+**"-(%)"*,%$4$"%2&$S-8$"R2(',)"2$4-$+-)$'6*78,-a%+bcM/$"?-<:;<-FNNOI-P4'D$-

!

FDFDG!

!"#$%&'&.."[.&)&&'!77*!9&*:&=!+&!3*?&4+@/4>*3=(&=!74(!+&!$S<T'3=+&=!4=!X&+&*'3=+g!
174/!&&=!+&*+&!\NIi]!)3=!+&!*&@Q.=+&=(&=!9&*:(!(7@@&=!+&!NV!&=!+&!RE!77*!
Q&*!9&&:#!<&=!>*..(!+&&'!/33:(!)33:!'3=>&!+3>&=!/3:&=!&=!9&*:(!
*&>&'/3(4>!/&&*!+3=!V!+3>&=!Q&*!9&&:#!$&&*!+3=!&&=!+&*+&!\NUi]!)3=!+&!
*&@Q.=+&=(&=!>&&P(!33=!>&/4++&'+!(7@@&=!+&!RE!&=!VE!77*!Q&*!9&&:!(&!
9&*:&=A!=.>!&&=@!M!Q*.L&=(!9&*:(!/&&*!+3=!VE!77*!\24&!P4>77*!R#M]#!
!
!

UM!

;(9,4&4")-,"-*/D,4&-

!
!
BAC

$#$%%&

>?AB
!

?=AC

?BAD

DAF

!
!
-9GG4&&%/0

CAC

1#2$

BA@

>>A?

?=A=

!

>CA>
!

?CAF

?=A?

><A@
?@A?

@A@

!
!
3#&4/ ?AE

>?A>
>>A@

5*&0%24/67#4-4/4/

=A>

#84290!H[P

?@AD

!
!

?EA>

>=AE

?<A@

!

>FA=

?FAB

C@AC

!

=AF

<>AC

=AC
>CA?

!
-%/

CAD

>F !

?EAD

?@A?

EA?

!
@A<

82#*:
F,

-

!

??A?

>DA =

>F,!

<F,

!
>V>E!**2

?F,

<FV?C!**2

CF,

?BVCF!**2

?BA<
BF,

@F,

C>VBF!**2

=F,

DF,

@A@
EF,

>FF,

B>!**2!4/!-442

[%).."-FDAE-!"#$%&'&.."-4$"-P$$R-+**"-(%)"*,%$4$"%2&$S-8$"R2(',)"2$4-$+-)$'6*78,-a%+bcM/$"?-<:;<-FNNOI-P4'D$-

!
S.:!)3=!+&!*&@Q.=+&=(&=!933*/&&!74(>&?*&4+!4@!>&@Q*.:&=A!9&*:(!&&=!>*..(!
+&&'!/&&*!+3=!RE!77*!Q&*!9&&:#!`&!/&&@(&=!>&)&=!&*!+&!)..*:&7*!33=!./!
.)&*7*&=!(&!/3:&=A!./+3(!248!K4&*!248=!./!>&'+!(&!)&*+4&=&=#!`..*!/&&*!7*&=!
(&!/3:&=A!:7==&=!248!/&&*!>&'+!)&*+4&=&=#![&(!/&*&=+&&'!)3=!+&!
>&q=(&*)4&9+&!*&@Q.=+&=(&=!>&&P(!33=!+3(!248!>&&=!K.>&*!77*(3*4&P!:*48>&=!
)..*!.)&*9&*:A!93(!..:!K&(!>&)3'!4@!?48!+&2&!-7'>33*@&!@&42.&=3*?&4+&*a!
!
Q:,,'3*9-0,/7,"-0,-$"),+,,/-,96-%%/-(,/-&*)J-X*3-4'-$"S,-,4),"-0,"'J-e,+/*),"-,/-$$7-$2-0*"3-0,-0$/&,"-(,/-%%/-D,3**9&-,"-0,-S4>"-#4,/-$2-3,0,/7,"J-.$$/-&,-$+,/%/,"-7/4>),"-0,-),,"-#$),/-%%/3*/4,6J-e,-0,/7,"-$$7-$(S*3,/&*)I-$(-S$"&*)-2,,'3*9-"4,3I-2**/-&*3-S$%-47-0,9-0499,"-0*"3-$(-S$"&*),"+,/+,,9-47-2,-*934>&J-!7-#,D-"47'-*"&,/'-3,-&$,"V-E/NbG-

!
H=!+&!).'>&=+&!Q3*3>*33P!?&:48:&=!9&!.Q!9&':&!9482&=!+&!*&@Q.=+&=(&=!4=!
X&+&*'3=+!9&*:!)4=+&=#!

UF!

5$$6&'3%7-a-

FDFD@!

]$"R-9%+&$+-%+-N$&$"6*+&--48=3!+&!K&'P(!)3=!+&!/4>*3=(&=!K&&P(!)43!248=!=&(9&*:!)3=!P3/4'4&A!)*4&=+&=!
&=!:&==4@@&=!9&*:!>&).=+&=!\24&!P4>77*!R#F]#![&(!>33(!+33*?48!./!
X&+&*'3=+@&!P3/4'4&A!)*4&=+&=!.P!:&==4@@&=!\DFi]A!'3=+>&=.(&=!+4&!3'!4=!
X&+&*'3=+!248=!\GGi]!.P!P3/4'4&A!)*4&=+&=!.P!:&==4@@&=!4=!K&(!K&*:./@('3=+!
\Fi]#!"=+&*&!?&'3=>*48:&!:3=3'&=!./!9&*:!(&!)4=+&=!4=!X&+&*'3=+!248=!+&!
74(2&=+?7*&37@!\GMi]!&=!K&(!4=(&*=&(!\GRi]# ND!!
!

$#$%%&

!

>EAB

>?A@

CEA<

>=A=

!

CEA@

>CA=

!

CE

>DAB

>CA=

>=AE

C=AB

<>A>

>?AB

>=AD

!
!
-9GG4&&%/0
1#2$

<BAD

EAD

!
!
3#&4/
5*&0%24/67#4-4/4/

!
!

#84290!H[P

>AE

@>AE

!

<<AD

>=AC

>@A?

C?A@

!

<BAD

>FAB

!
-%/
82#*:

!

F,

>F,!

<F,

?F,

EA@

>DA?

BCA@

!

CF,

!

^%-9&94A!8294/G4/A!14//9))4/

!

BF,

<FAE

>@A@

>@AE

CBA@

!

@F,

T]$`4/G(*24%*

=F,

]/$42/4$

DF,

>=AB
EF,

>FF,

#84290

[%).."-FDWE-C$-P%TO$-P**"24-/1306*+&$"'-P$"R-9%+&$+-+**"-(%)"*,%$4$"%2&$S-8$"R2(',)"2$4-$+-)$'6*78,-a%+bcM/$"?-<:;<-FNNOI-P4'D$-

C&&'!)3=!+&!*&@Q.=+&=(&=!+4&!9&!4=!+&!+4&Q(&T4=(&*)4&9@!>&@Q*.:&=!K&??&=A!
>&)&=!33=!+3(!)..*!K&(!)&*(*&:!=33*!K&(!?74(&='3=+!)33:!)&&'!.=+74+&'48:!
93@#!$&&*+&*&!*&@Q.=+&=(&=!>&)&=!?48)..*?&&'+!33=!+3(!K&=!)..*!)&*(*&:!
)&*(&'+!9&*+!93(!)..*!9&*:!2&!2.7+&=!+.&=A!/33*!&&=/33'!4=!X&+&*'3=+!
33=>&:./&=A!?'&&:!+3(!248!3=+&*!9&*:!/.&@(&=!+.&=#!<&=!3=+&*&!
*&@Q.=+&=(A!+4&!)43!O..'@&!4=(&*/&+434*@!?48!&&=!X&+&*'3=+@!74(2&=+?7*&37!
9&*:!>&).=+&=!K3+A!)&*(&'(!+3(!K48!Q3@!4=!X&+&*'3=+!&&=!L.=(*3L(!:*&&>#![&(!
&=4>&!93(!K48!94@(A!93@!4=!9&':&!@(3+!K48!2.7!9&*:&=!&=!9.=&=A!&=!+3(!K48!?48!
K&(!(*&4=@(3(4.=!.Q>&K33'+!2.7!9.*+&=!+..*!4&/3=+!+4&!K&/!=33*!248=!=4&79&!
9.=4=>!2.7!?*&=>&=#!
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
ND

!! C..*!&&=!/&&*!>&+&(34''&&*+&!)&*+&'4=>!)3=!2.&::3=3'&=!&=!)4=+Q'33(@&=!9.*+(!
)&*9&2&=!=33*!(3?&'!?R#U!4=!+&!?48'3>&!?48!+4(!K..P+@(7:#!

IE!

;(9,4&4")-,"-*/D,4&-

!
Q!7-04'3-"4,3-0**/-47-S$%-0,/7,"I-*99,,"-&*3-#,3-4"-P$33,/&*2-S$%-S4>"J-!7-04'3*99,,"-&*3-4,2*"&-2,-S$%-$(#*9,"-+*"-#,3-'3*34$"-,"-2,-"**/-#,3-*((*/3,2,"3S$%-D/,"),"J-!7-04'3-$$7-"4,3-0**/-#,3-*((*/3,2,"3-9*)J-!7-0,/&-3$,"$(),#**9&-&$$/-,,"-2*"-,"-0,-/,&,"-4"-,,"-/4A#34")-&4,-47-"4,3-7,"&,J-!7-7/,,)0,9-0*3-),&*A#3,'-_9*A#,"&I-P4'D$`I-2**/-47-0*'-"4,3-D*")J-!7-#*&-$$7-0,9-+*"3,+$/,"-),+/**)&-$2-A$"3*A3),),+,"'-+*"-2,"',"-&4,-*9-#4,/-0*/,"J-!7-#*&2,3-#,"-),(/**3-,"-S,-#*&&,"-),S,)&-&*3-*99,'-$7g-0*'J-X,-+$9),"&,-&*)-D,"47-'*2,"-2,3-&,-*"&,/,"-&4,-4"-#,3-*((*/3,2,"3-S*3,"I-2,,),)**"-"**/-#,30,/7JV-E/NWG-

!
<&=!-7'>33*@&!@&42.&=@3*?&4+@(&*!)&*(*.:!874@(!/&(!&&=!)*48!2&:&*!>&).&'!74(!
K33*!K&*:./@('3=+#!6&!94@(!+3(!+&!4=(&*/&+434*!&&=!>.&+&!*&Q7(3(4&!K3+!&=!
+3(!2&!4=!X&+&*'3=+!.Q!&&=!>.&+&!Q'&:!(&*&LK(!2.7!:./&=#!!
!
Q!7-D,"-#4,/"**/3$,-),7$2,"-$2&*3-47-_h`-7,"&,J-54>-S$A#3-2,"',"-+$$/-0,/74"-T,&,/9*"&J-!7-04'3-&*3-#4>-,,"-6*3'$,"94>7,-2*"-4'-,"-&*3-#,3-0,/7-#4,/-+,494),"-S,7,/-S$%-S4>"\->,-0,,3-0**/->,-"**/3$,-)**3-,"-0**/->,-S%93-0,/7,"I->,-0,,3&*3-&,-0,/7),+,/'->,-#,,9-",3>,'-S%99,"-D,#*"&,9,"J-EZG-!7-#,D-+,,9-+,/#*9,"),9,S,"-$+,/-4"3,/2,&4*4/,-D,&/4>+,"-&4,-0,/7-4"-#,3-D%43,"9*"&-/,),9,"-+$$/M%9)*/,"I-&*3-S,-#,"-S$"&,/-),9&-*A#3,/),9*3,"-#,DD,"I-S$"&,/-+,/+$,/-$23,/%)-"**/-#,3-3#%4'9*"&-3,-7%"","J-!"-_(9**3'-4"-#,/7$2'39*"&I-P4'D$`-#$$/&,-47$+,/-_h`I-$+,/-&,-2$),94>7#,4&-$2-34>&,94>7-3,-+,/3/,77,"-+$$/-0,/7I-,"-&*3-#4>,,"-6*3'$,"94>7-(,/'$$"-4'-,"-&*3-#,3-,,"-+,494),-$(34,-S$%-S4>"JV-E/NRG-

!
H=!+&!).'>&=+&!Q3*3>*33P!?&@(&+&=!9&!33=+3LK(!33=!74(2&=+?7*&37@!+4&!24LK!
*4LK(&=!.Q!K&(!(&!9&*:!@(&''&=!)3=!*&L&=(&!3*?&4+@/4>*3=(&=#!!

FDFDF!

;%,O$+&#."$*.'6.3'@!?'&&:!74(!(3?&'!R#G!9&*:(!RN!Q*.L&=(!)3=!+&!*&@Q.=+&=(&=!)43!&&=!
74(2&=+?7*&37#!C3=!+&!O..'@&!3*?&4+@/4>*3=(&=!9&*:(!2&'P@!/&&*!+3=!+&!K&'P(!
)43!&&=!74(2&=+?7*&37#!Y4(2&=+?7*&37@!)&*)7''&=!+7@!&&=!?&'3=>*48:&!*.'!?48!
+&!(&9&*:@(&''4=>!)3=!+&!/4>*3=(&=!74(!+&!$S<T'3=+&=#!
!

C.'>&=@!`&!-.=+(!&=!;*48Q@(*3!\DEEM]!248=!+&!/4>*3=(&=!74(!+&!$S<T

'3=+&=!+4&!4=!DEER!248=!(.&>&(*&+&=!(.(!+&!<7*.Q&@&!Y=4&!&=!@4=+@!G!/&4!
DEEI!2.=+&*!(&9&*:@(&''4=>@)&*>7==4=>!4=!X&+&*'3=+!/.*>&=!9&*:&=A!4=!
(.&=&/&=+&!/3(&!4=!+4&=@(!)3=!?.=3P4+&!74(2&=+?7*&37@#!<LK(&*!+3(!94'!=4&(!
2&>>&=!+3(!&*!>&&=!/3'3P4+&!?&/4++&'33*@!/&&*!248=#![&(2&'P+&!.=+&*2.&:!
'33(!24&=!+3(!&*!=.>!@(&&+@!&&=!./)3=>*48:&!>*.&Q!$S<T'3=+&*@!9.*+(!
?&/4++&'+!+..*!.=>&*&>4@(*&&*+&!74(2&=+?7*&37@!+4&!24LK!9&4=4>!33=(*&::&=!
)3=!9&(T!&=!*&>&'>&)4=>#!!
!

H=!+&!+4&Q(&T4=(&*)4&9@!4@!33=+3LK(!?&@(&&+!33=!+&!*.'!)3=!

74(2&=+?7*&37@#!`&!/&&@(&!)3=!+&!DG!*&@Q.=+&=(&=!+4&!9&!>&q=(&*)4&9+!
K&??&=A!248=!(&)*&+&=!.)&*!K&(!74(2&=+?7*&37!)43!9&':&!248!9&*:&=#!

IG!

5$$6&'3%7-a-

`&@.=+3=:@!/3:&=!@.//4>&!)3=!+&!/4>*3=(&=!/&*:933*+4>&!@4(73(4&@!/&&#!
`&2&!O..'@&!*&@Q.=+&=(!4@!+..*!K&(!74(2&=+?7*&37!.=+&*>&?*3LK(!4=!&&=!K.(&'!
+3(!&&=!*33*!?&(3'4=>@?&'&4+!).&*(!)..*!K77*!&=!&(&=#!!
!
Q!7-0,,3-"4,3-#$,-#,3-4"-*"&,/,-/,)4$f'-4'I-2**/-#4,/-0499,"-S,-*99,,"-),9&-+$$/#,3-#$3,9-+,/&4,","J-M4>+$$/D,,9&I->,-#,D3-#4,/-2,"',"-&4,-,,"-0,,7-9*")-),,"D**"-#,DD,"-,"-S,-D,3*9,"-&*"-"4,3-+$$/-*AA$22$&*34,-,"-+$$/-#,3-*+$"&,3,"J:**/-*9'->,-)**3-0,/7,"-=-*9-4'-#,3-2**/-,,"-%%/-=-&*"-#$%&,"-S,->,-#,9,-9$$"4"J-X%'-,4),"94>7-D,"->,-#,"-&*"-),9&-'A#%9&4)J-X*3-7*"-0,7,"-S$-&$$/)**"I-,">,-7%"3-&*"-S,'-0,7,"-4"-#,3-/$$&-'3**"J-<"-&*"I-S,96'-*9'->,-#*/&-0,/73-=-iNI-RN%%/-(,/-0,,7-=-7/4>)->,-),,"-),9&-3$3&*3->,-&,-'A#%9&-3,/%)D,3**9&-#,D3JV-E/8aG-

!
SQ)3''&=+!4@!..:!K&(!)&*K33'!)3=!&&=!*&@Q.=+&=(!\*ED]!933*?48!K&(!
74(2&=+?7*&37!933*)..*!K48!9&*:(!K&(2&'P+&!?&+*3>!)..*!K77*!&=!.)&*4>&!
:.@(&=!4=!*&:&=4=>!?*&=>(!.=>&3LK(!.P!&&=!3*?&4+&*!4=!&&=!K.(&'!.P!?7=>3'.9!
9..=(#!!
!

S.:!3=+&*&!3*?&4+@/4>*3=(&=!>&)&=!33=!+3(!K&(!>&?*74:&'48:!4@!+3(!

74(2&=+?7*&37@!..:!3=+&*&!:.@(&=!?&K3')&!K77*!4=!*&:&=4=>!?*&=>&=#!`&!
/&&@(&=!=.&/&=!K&(!)&*).&*!=33*!&=!)3=!K&(!9&*:A!/33*!..:!4=(&*=&(!.P!
&(&=!9.*+(!?48!@.//4>&=!4=!*&:&=4=>!>&?*3LK(A!2.3'@!K&(!>&)3'!4@!?48!+&!
K4&*?.)&=!>&=.&/+&!*&@Q.=+&=(#!0.//4>&!*&@Q.=+&=(&=!>&)&=!33=!'4&)&*!
2&'P!K7=!K74@)&@(4=>!.P!&(&=!(&!94''&=!*&>&'&=#!
!
QEX,-#%%/G-4'-RC-,%/$-(,/-0,,7-(,/-(,/'$$"I-4"A9%'4,6-2**934>&,"J-:**/-&,2**934>&,"-S4>"-#,,9-'9,A#3J-!7-S$%-94,+,/-&4,-8R-,%/$-S,96-7/4>),"-,"-S,96-7$7,"J@99,'-4'-),'3$$2&I-"47'-4'-),7$$73J-EZG-,97,-0,,7-4'-#,3-#,3S,96&,JV-E/8aG-

!
$&&*+&*&!*&@Q.=+&=(&=!>33=!&*)3=!74(!+3(!248!>.&+:.Q&*!74(!2.7+&=!248=!3'@!
248!.=3PK3=:&'48:!)3=!K&(!74(2&=+?7*&37!&&=!9..=*74/(&!2.7+&=!K7*&=#!
!

%3(!K&(!)&*).&*!?&(*&P(A!)&*(&''&=!+&!/&&@(&!*&@Q.=+&=(&=!+4&!)43!&&=!

74(2&=+?7*&37!9&*:&=!+3(!248!.)&*!&&=!?&+*48P@37(.!?&@LK4::&=!933*/&&!2&!
+3=!@3/&=!/&(!3=+&*&!(48+&'48:&!3*?&4+@/4>*3=(&=!)3=!&=!=33*!K&(!9&*:!
*48+&=#![&(!74(2&=+?7*&37!)&*>.&+(!+&!?&=24=&#!`&!:.@(&=!K4&*)..*!248=!
4=?&>*&Q&=!4=!K&(!?&+*3>!+3(!K&(!?7*&37!)3=!K&(!@3'3*4@!4=K.7+(#![&(!:./(!
@'&LK(@!?48!&&=!Q33*!)3=!+&!>&q=(&*)4&9+&!74(2&=+:*3LK(&=!)..*!+3(!K&(!
?7*&37!>&&=!2.*>!+*33>(!)..*!)&*).&*#!!
!
Qe,-#*&&,"-D,&/4>6'*%3$f'I-&%'-&,-2,"',"-2,3-,,"-/4>D,04>'-]-S$*9'-47D4>+$$/D,,9&-]-2$,'3,"-/4>&,"-,"-"*2,"-&*"-+4,/-*"&,/,-2,"',"-2,,J-e,7/,),"-,97,-&4"'&*)-D,"S4",J-e,-#$,6&,"-S,96-"47'-3,-/,),9,"I-0,-2$,'3,"*99,,"-,97,-&*)-&,-749$2,3,/'-$('A#/4>+,"-,"-0,-7/,),"-aN-72-(,/-0,,7-+$$/,4),"-),D/%47\-$2-"**/-&,-04"7,9-3,-)**"-,"-&*3-'$$/3-&4"),"J-e,-#$,6&,"-,/"4,3-,H3/*-+$$/-3,-D,3*9,"I-#,3-0*'-*99,2**9-4"D,)/,(,"-4"-&,-*9),2,",-7$'3,"I4"-&,-#%%/7$'3,"JV-E/NFG-

ID!

;(9,4&4")-,"-*/D,4&-

!
Y4(!+&!>&@Q*&::&=!/&(!+&!*&@Q.=+&=(&=!?'48:(!+3(!248!24LK!3P)*3>&=!933*!K&(!
)&*@LK4'!)3=+33=!:./(!(7@@&=!K&(!(3*4&P!+3(!+&!9&*:>&)&*!/.&(!?&(3'&=!33=!
K&(!74(2&=+?7*&37!&=!K&(!'..=!+3(!248!2&'P!.=()3=>&=#!0.//4>&!
*&@Q.=+&=(&=A!2.3'@!+4&!9&!K4&*.=+&*!L4(&*&=A!)4=+&=!K&(!)&*@LK4'!9&'!&*>!
>*..(#!!
!
Qe4>-7/4>),"-,,"-D,,3>,-24"&,/-&*"-,,"-&,/&,-+*"-0*3-#,3-%43S,"&D%/,*%-+$$/$"'-0,/7-7/4>)3J-5,3-%43S,"&D%/,*%-7/4>)3-/$"&-&,-FN-,%/$-(,/-%%/-,"-04>-7/4>),",,"-D,,3>,-24"&,/-&*"-i-,%/$-",33$-(,/-%%/J-!7-D,)/4>(-&*3-S,-+$$/-&,-69*3-,"-&,D,"S4",-2$,3,"-D,3*9,"I-2**/-47-+4"&-#,3-+,/'A#49-3,-)/$$3JVE/NFGQ5,3-4'-,,"-,"$$$$/2,-A$224''4,J-EZJG-5,3-4'-CNj-+*"-0*3-E0,/7),+,/-hGD,3**93-**"-#,3-%43S,"&D%/,*%I-$6-S,96'-"$)-24"&,/J-!7-0,,3-0*3-E0,/7),+,/-hGD,3**93-+$$/-8-%%/-0,/7-+*"-24>\-S,-D,3*9,"-CR-,%/$J-<"-47-7/4>)-8FIW-,%/$-D/%3$J@9'-47-"4,3-+4*-#,3-%43S,"&D%/,*%-D4>-#,"-S$%-0,/7,"-S$%-47-8a-,%/$-",33$7/4>),"I-2**/-&*"-S$%-47-*99,-'$A4*9,-+,/S,7,/4"),"-#,DD,"J-!7-S$%-#,3S,96&,0,/7A$"3/*A3-#,DD,"-*9'-&,-T,&,/9*"&,/'JV-E/88G-

FDFDY!

!"#$%&'29$"$$+R2(',Y4(!+&!4=(&*)4&9@!/&(!+&!*&@Q.=+&=(&=!.)&*!K7=!3*?&4+@L.=(*3L(!?'48:&=!>&&=!
@(*7L(7*&'&!/4@@(3=+&=!.P!).*/&=!)3=!74(?74(4=>#!<LK(&*!&=:&'&!*&@Q.=+&=(&=!
*3QQ.*(&*&=!9&'!&=4>@24=@!)*&&/+&!Q*3:(48:&=!)3=!K7=!9&*:>&)&*!.P!
74(2&=+?7*&37#!
0.//4>&!)3=!+&!>&q=(&*)4&9+&!*&@Q.=+&=(&=!K&??&=!?48)..*?&&'+!>&&=!
:.Q4&!)3=!K7=!L.=(*3L(!>&:*&>&=A!.P!K&(!L.=(*3L(!93@!3''&&=!4=!K&(!<=>&'@!.P!
X&+&*'3=+@!.Q>&@(&'+!&=!=4&(!4=!+&!/.&+&*(33'!)3=!+&!*&@Q.=+&=(&=#!<&=!
O..'@&!*&@Q.=+&=(!)&*(&'(!+3(!K&(!L.=(*3L(!)3=!K&(!74(2&=+?7*&37!9&'!4=!K&(!
O..'@!93@A!/33*!K&(!93@!2.!'3=>!+3(!Q>,-,,"-#,9,-&*)-"$&4)-S$%-#,DD,"-$2#,3-3,-7%"","-9,S,"V!\*GR]#!!
<=:&'&!3=+&*&!*&@Q.=+&=(&=!)&*(&''&=!+3(!248A!4&+&*&!:&&*!+3(!248!.Q!
)3:3=(4&!>33=A!=3!(&*7>:./@(!&&=!=4&79!L.=(*3L(!:*48>&=# NN!
!
Q<"-"$)-S$4,3'I-*9'->,-$(-+*7*"34,-)**3I-,97,-7,,/-*9'->,-3,/%)7$23I-2$,3->,-0,,/,,"-"4,%0-A$"3/*A3-3,7,","J-U,96'-*9'->,-2**/-+$$/-30,,-0,7,"-)**3J-!7-#,D-,,"A$"3/*A3-+$$/-8W-$6-8i-0,7,"-,"-,97,-7,,/-7/4>)-47-0,,/-,,"-"4,%0-A$"3/*A3JM4>+$$/D,,9&I-47-)*-"$%-$(-+*7*"34,-,"-47-#,D-,,"-A$"3/*A3-+$$/-S,)-2**/-8C0,7,"J-<"-$+,/-30,,-0,7,"-)*-47-24''A#4,"-0,,/-$(-+*7*"34,-,"-&*"-7/4>)-47-

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

NN
!C.'>&=@!+&!h"S!)..*!Y4(2&=+:*3LK(&=!+4&!@4=+@!DV!87=4!DEEF!3'>&/&&=!?4=+&=+!4@!
)..*!+&!>&K&'&!@&L(.*A!:7==&=!+&!74(2&=+:*3LK(!&=!K&(!74(2&=+?7*&37!(48+&=@!+&!&&*@(&!
IM!9&:&=!\P3@&!"]!.=&4=+4>!)&&'!L.=(*3L(&=!/&(!&':33*!33=>33=#![&(!74(2&=+?7*&37!
:3=!>&+7*&=+&!P3@&!"!+&!74(2&=+.Q+*3LK(!3'(48+!(7@@&=(48+@!.Q2&>>&=#!J48+&=@!P3@&!-A!
+&!).'>&=+&!D!833*A!:7==&=!/3e4/33'!M!L.=(*3L(&=!3P>&@'.(&=!9.*+&=#![&(!
74(2&=+?7*&37!:3=!+&!L.=(*3L(&=A!+4&!)..*!?&Q33'+&!(48+!248=A!=4&(!2./33*!(7@@&=(48+@!
.Q2&>>&=#!X3!P3@&!-!:./(!+&!74(2&=+:*3LK(!4=!P3@&!h#!H=!P3@&!h!248=!*&'3(4&P!9&4=4>!
/&=@&=!9&*:233/#!H=!+&2&!'33(@(&!P3@&!248=!4@!+&!3*?&4+@.)&*&&=:./@(!)..*!
.=?&Q33'+&!(48+!&=!:3=!=4&(!2./33*!.Q>&2&>+!9.*+&=!\h"S!)..*!Y4(2&=+:*3LK(&=!
DEEFTDEGRa!K((QBjj999#3?7#='j3?7DjQ3>4=3#3@QgQ3>:&dtGEVVUN]#!!

IN!

5$$6&'3%7-a-

0,,/-,,"-"4,%0-A$"3/*A3J-X%'-D4"","-,,"-2**"&-2$,3-47-2,,/&,/,-A$"3/*A3,"3,7,","JV-E/8WG-

!
C.'>&=@!@.//4>&!*&@Q.=+&=(&=!/.&(&=!248!&&=!?.&(&!?&(3'&=!3'@!248!
L.=(*3L(?*&7:!2.7+&=!Q'&>&=#!6.!)&*(&'(!&&=!*&@Q.=+&=(!+3(!K48!&&=!?.&(&!
2.7!K&??&=!/.&(&=!?&(3'&=!)..*!)..*(48+4>!@(.QQ&=!/&(!248=!9&*:!(&*948'!+3(!
=4&(!4=!248=!L.=(*3L(!@(.=+#!!
!
Q:4>"-,,/'3,-A$"3/*A3-0*'-+$$/-&/4,-2**"&,"J-@9'-47-"*-30,,-2**"&,"-3,/%)-#*&0499,"-)**"-"**/-Y$9,"I-&*"-#*&-47-,,"-D$,3,-+*"-8WN-,%/$-2$,3,"-D,3*9,"J-X*34'-,,"-D$,3,-+$$/-#,3-"4,3-"*7$2,"-+*"-#,3-A$"3/*A3I-2**/-47-#,D-S$4,3'#,9,2**9-"4,3-),3,7,"&I-"4,3-4"-EhG-,"-$$7-#4,/-"4,3J-X%'-#,3-),9&-)**3/,A#3'3/,,7'-"**/-&,-A$k/&4"*3$/,"I-"4,2*"&-0,,3-,/+*"J-U,-D,&/4,),"-&,D$,9VJ-E/NFG-

!
<&=!3=+&*&!*&@Q.=+&=(!+4&!9&*:(!)..*!&&=!O..'@&!33==&/&*!+4&!24LK!4=!
X&+&*'3=+!>&)&@(4>+!K&&P(A!'33(!9&(&=!+3(!K48!=.>!@(&&+@!>&&=!L.=(*3L(!K&&P(#!
[48!9&*:(!4=/4++&'@!+*4&!/33=+&=!)..*!K&/#!!
!
Q!7-#,D-&%'-#,9,2**9-"47'-S0*/3-$(-043J-!7-#,D-*99,,"-,,"-2$"&,94"),$+,/,,"7$2'3-2,3-#,2J-5,3-A$"A,(3-&*3-47-),7/,),"-#*&I-0*'-$$7-,,"9*A#,/3>,J-!7-S$%-,4),"94>7-4"-,,"-#$),/,-'*9*/4''A#**9-2$,3,"-'3**"I-2**/$2&*3-#4>-2,-24"&,/-049-D,3*9,"I-S,33,-#4>-,/4"-&*3-47-3422,/2*"-D,"J-!"-#,3A$"A,(3-+*"-#,3-A$"3/*A3-'3**3-&*3-47-3422,/2*"-D,"-,"-&*3-47-D,/,4&-D,"-$2$$7-*"&,/,-3*7,"-%43-3,-+$,/,"-&4,-&$$/-24>"-0,/7),+,/-),+/**)&-0$/&,"IS$4,3'JV-E/NWG-

!
`&2&!*&@Q.=+&=(!)&*(&'(!)&*+&*!+3(!K48!=.>!@(&&+@!>&&=!@3'3*4@!.=()3=>&=!
K&&P(A!(&*948'!2&!K3++&=!3P>&@Q*.:&=!+3(!K48!=3!&&=!/33=+!K&(!&&*@(&!'..=!
2.7!.=()3=>&=!&=!+&!).'>&=+&!'.=&=!9&:&'48:@!2.7+&=!9.*+&=!74(>&:&&*+#!
!

$&&*+&*&!*&@Q.=+&=(&=!)&*(&''&=!+3(!K7=!74(2&=+?7*&37!+&!

3*?&4+@.)&*&&=:./@(!)&*?*&&:(!)..*+3(!248!*&LK(!:*48>&=!.Q!&&=!)3@(!
L.=(*3L(#!<&=!O..'@&!*&@Q.=+&=(!+&=:(!+3(!+&!*&+&=!+33*)3=!4@!+3(!K48!/&(!
&&=!)3@(!L.=(*3L(!&&=!K.>&*!@3'3*4@!2.7!/.&(&=!:*48>&=#!!
!
Q!7-7/,,)-24>"-A$"3/*A3-+$$/-RW-0,7,"J-U,-'3%/,"-2,-"**/-#%4'-*9'-&43-A$"3/*A3*69$$(3\-U,-$"3'9**"-2,I-$2&*3-*9'-S,-&*3-"4,3-S$%&,"-&$,"-47-,,"-+*'3-A$"3/*A3S$%-2$,3,"-7/4>),"J-U,-0499,"-),,"-2,"',"-2,3-+*'3,-A$"3*A3,"-4"-&4,"'3I-0*"3&,-'*9*/4'',"-S4>"-#$),/J-X%'-*9'-4,2*"&-#4,/-30,,->**/-D94>63I-&*"-0$/&3-#4>l-S4>"**/-#%4'-),'3%%/&JV-E/NFG-

!
`&2&!*&@Q.=+&=(A!+4&!74(2&=+:*3LK(!4@A!)&*(&'(!+3(!4=!K&(!?&+*48P!933*!K48!9&*:(!
/&=@&=!K&&'!/3::&'48:!.=(@'3>&=!9.*+&=!&=!+3=!9&&*!(&*7>!/.&(&=!=33*!
O.'&=#![48!K..*(!+4(!)&*K33'!)3:&*!)3=!3=+&*&!*&L&=(&!3*?&4+@/4>*3=(&=#!
!

IR!

;(9,4&4")-,"-*/D,4&-

Q5,,9-'$2'-D94>63-4,2*"&-+$$/-30,,->**/J-!"-D4>+$$/D,,9&-&,-7*'-0**/-47-0,/7#,DD,"-0,-,,"-/$%9*34,-+*"-CNN-2*"J-</-4'-#4,/-,,"-T,&,/9*"&,/-&4,-4"-&,,,/'3,-8W-24"%3,"-0,/7,"-7*"-D,(*9,"-$6-4,2*"&-),'A#473-4'-$6-"4,3J-@9'->,-"4,3),'A#473-D,"3-7*"-#,3-),D,%/,"-&*3->,-"$)-&,S,96&,-&*)-$"3'9*),"-0$/&3-,"->,3,/%)-2$,3-"**/-Y$9,"J-X*3-4'-#$,-#,3-0,/73JV--

!
H=!+&!).'>&=+&!Q3*3>*33P!9.*+(!K&(!K..P+@(7:!@3/&=>&)3(j!&&=!L.=L'7@4&!)3=!
K&(!K..P+@(7:!>&>&)&=#!

FDY!

V*($+9*,,%+)H=!+4(!K..P+@(7:!4@!4=>&>33=!.Q!+&!.Q'&4+4=>T!&=!3*?&4+@/3*:(Q.@4(4&!)3=!
*&L&=(&!/4>*3=(&=!74(!$4++&=T!&=!S.@(T<7*.Q3#!!
;(9,4&4")$&&*!+3=!+&!K&'P(!)3=!+&!*&@Q.=+&=(&=!K&&P(!&&=!.Q'&4+4=>!3P>&*.=+!+4&!
)&*>&'48:?33*!4@!/&(!K3).A!)9.!.P!/?.#!-48=3!&&=!:93*(!K&&P(!&&=!.Q'&4+4=>!
.Q!)/?.!=4)&37!&=!&&=!)48P+&!.Q![-S!.P!7=4)&*@4(34*!=4)&37#!;&/4++&'+!
>&=./&=!248=!248!+33*/&&!4&(@!'3>&*!.Q>&'&4+!+3=!+&!37(.LK(.=&!X&+&*'3=+@&!
?&).':4=>A!/33*!33=24&='48:!K.>&*!.Q>&'&4+!+3=!3=+&*&!>*.(&!3''.LK(.=&!
>*.&Q&=!2.3'@!J7*:&=!&=!$3*.::3=&=#!!
X,-'43%*34,-4"-#,3-#,/7$2'39*"&C..*+3(!+&!*&L&=(&!$S<T'3=+&*@!)..*!K&(!&&*@(!=33*!K&(!?74(&='3=+!
)&*(*.::&=!./!&*!(&!>33=!9&*:&=A!K3+!?48=3!(9&&+&*+&!&&=!?33=A!DE!Q*.L&=(!
93@!@(7+&=(!.P!@LK.'4&*A!+&!*&@(!93@!9&*:2.&:&=+!.P!9&*:233/!4=!K&(!
K74@K.7+&=#!-48=3!UE!Q*.L&=(!)3=!+&!*&@Q.=+&=(&=!9&*:(&!4=!&'&/&=(34*&!&=!
'3>&*&!?&*.&Q&=A!&=!?48=3!&&=!+&*+&!4=!/4++&'?3*&!?&*.&Q&=#!174/@LK..(@!+&!
K&'P(!)3=!+&!$S<T'3=+&*@!9&*:(&!4=!K&(!K&*:./@('3=+!.Q!K&(!=4)&37!933*)..*!
K48!.Q>&'&4+!93@A!?48=3!&&=!:93*(!.=+&*!+3(!=4)&37A!&=!*74/!&&=!)48P+&!+&&+!
3=+&*!9&*:!+3=!933*)..*!K48!.Q>&'&4+!93@#![&(!/&*&=+&&'!)3=!+&!
*&@Q.=+&=(&=!)&*+4&=+&!4=!K&(!K&*:./@('3=+!(7@@&=!+&!DVE!&=!+&!GEEE!&7*.!
Q&*!/33=+#!GN!Q*.L&=(!)3=!+&!*&@Q.=+&=(&=!)&*+4&=+&!4=!K&(!K&*:./@('3=+!
/4=+&*!+3=!DVE!&7*.!Q&*!/33=+#!174/!&&=!:93*(!)&*+4&=+&!/&&*!+3=!GEEE!
&7*.!Q&*!/33=+#!!
X,-'43%*34,-4"-T,&,/9*"&H=!X&+&*'3=+!K&&P(!?48=3!FV!Q*.L&=(!)3=!+&!*&@Q.=+&=(&=!&&=!?33=#!`&2&!
2&&*!K.>&!3*?&4+@Q3*(4L4Q3(4&!4@!=4&(!)&*9.=+&*'48:!33=>&24&=!+&!+.&'>*.&Q!

IV!

5$$6&'3%7-a-

)3=!+4(!.=+&*2.&:!3*?&4+@/4>*3=(&=!?&(*&P(#!`&!3*?&4+@/4>*3=(&=!248=!
)..*=3/&'48:!9&*:233/!4=!P'&e4?&'&!3*?&4+@*&'3(4&@#!174/!RE!Q*.L&=(!9&*:(!
)43!&&=!74(2&=+?7*&37A!?48=3!&&=!+&*+&!K&&P(!&&=!(48+&'48:!L.=(*3L(!&=!*74/!
(4&=!Q*.L&=(!K&&P(!&&=!)3@(!L.=(*3L(#!174/!&&=!(4&=+&!)3=!+&!$S<T'3=+&*@!
K&&P(!&&=!&4>&=!?&+*48P#!J&=@'.((&!>&&P(!&&=!:'&4=!+&&'!)3=!+&!*&@Q.=+&=(&=!
\NAVi]!33=!74(@'74(&=+!293*(!(&!9&*:&=#!!
!

-48=3!+&!K&'P(!\RUAUi]!)3=!+&!*&@Q.=+&=(&=!9&*:(!4=!+&!'3=+T!&=!

(74=?.79#!`33*=33@(!248=!*&'3(4&P!)&&'!*&@Q.=+&=(&=!9&*:233/!4=!+&!4=+7@(*4&!
\GRAUi]!&=!?.79!\GDANi]#![&(!?&(*&P(!4=!K&(!3'>&/&&=!'33>>&:93'4P4L&&*+!
9&*:#!$&&*!+3=!+*4&:93*(!)3=!+&!$S<T'3=+&*@!K&&P(!&&=!?&*.&Q!)3=!
&'&/&=(34*!.P!'33>!=4)&37#!`&!$S<T'3=+&*@!4=!.=@!.=+&*2.&:!248=!+7@!4=!
)&*>&'48:4=>!/&(!37(.LK(.=&=!@'&LK(@!4&(@!'3>&*!.Q>&'&4+A!/33*!+.&=!4=!K&(!
3'>&/&&=!'33>>&:93'4P4L&&*+!9&*:#![&(!9&:(!+3=!..:!>&&=!)&*?324=>!+3(!NF!
Q*.L&=(!)3=!+&!*&@Q.=+&=(&=!2&>(!(&!9&*:&=!.=+&*!K&(!=4)&37!933*)..*!/&=!
4@!.Q>&'&4+#!`33*=33@(!+.&(!?48=3!&&=!:93*(!9&*:!+3(!=4&(!4=!'48=!'4>(!/&(!248=!
.Q'&4+4=>#!0'&LK(@!G!Q*.L&=(!2&>(!9&*:!(&!+.&=!+3(!)3=!&&=!K.>&*!=4)&37!4@!
+3=!933*)..*!/&=!4@!.Q>&'&4+#!!
!

`&!3*?&4+@/4>*3=(&=!74(!+&!$S<T'3=+&=!/3:&=!)33:!'3=>&!+3>&=!&=!

9&*:&=!=33*!&4>&=!2&>>&=!*&>&'/3(4>!/&&*!+3=!V!+3>&=!Q&*!9&&:#!6.!9&*:(!
*74/!&&=!+&*+&!)3=!+&!*&@Q.=+&=(&=!>&/4++&'+!(7@@&=!+&!RE!&=!VE!77*!Q&*!
9&&:!&=!M!Q*.L&=(!2&'P@!/&&*!+3=!VE!77*!Q&*!9&&:#!
!

-48=3!+&!K&'P(!)3=!+&!*&@Q.=+&=(&=!K&&P(!9&*:!>&).=+&=!4=!X&+&*'3=+!)43!

248=!=&(9&*:!)3=!P3/4'4&A!)*4&=+&=!&=!:&==4@@&=#!"=+&*&!?&'3=>*48:&!:3=3'&=!
./!9&*:!(&!)4=+&=!248=!+&!74(2&=+?7*&37@!\GMi]!&=!4=(&*=&(!\GRi]#!
!

IU!

Z225&',.R-Y!

YD>!

[%+*+7%\6$-'%,.*,%$-

U+6$%&%+)`4(!K..P+@(7:!4@!>&948+!33=!+&!P4=3=L4Z'&!@4(73(4&!)3=!+&!*&L&=(&!
3*?&4+@/4>*3=(&=!74(!+&!$S<T'3=+&=#!H=!K&(!3'>&/&&=!@(33=!+&!$S<T'3=+&*@!
?&:&=+!3'@!>.&+&!&=!..:!>.&+:.Q&!3*?&4+@:*3LK(&=!\<L.*d@!DEEU]#!H=!+&!
).'>&=+&!Q3*3>*33P!\V#D]!>33=!9&!3''&*&&*@(!4=!.Q!K&(!4=:./&=!)3=!+&!
/4>*3=(&=#!C&*).'>&=@!?&@Q*&:&=!9&!+&!74(>3)&=!)3=!/4>*3=(&=!33=!
?48)..*?&&'+!9.=&=!&=!'&)&=@.=+&*K.7+!\Q3*3>*33P!V#N]#!"3=!+&!
*&@Q.=+&=(&=!4@!(&)&=@!>&)*33>+!=33*!2.9&'!K7=!K74+4>&!P4=3=L4Z'&!@4(73(4&A!
3'@!+4&!4=!K&(!K&*:./@('3=+#!H=!Q3*3>*33P!V#R!Q*&@&=(&*&=!9&!+&!*&@7'(3(&=!
K4&*)3=!&=!:48:&=!9&!4=!K.&)&**&!+&!P4=3=L4Z'&!@4(73(4&!)3=!+&!*&@Q.=+&=(&=!
)&*3=+&*+!4@!(&=!.Q24LK(&!)3=!K7=!@4(73(4&!4=!K&(!K&*:./@('3=+#!C&*).'>&=@!
?&@(&+&=!9&!4=!Q3*3>*33P!V#V!33=+3LK(!33=!+&!)*33>!.P!/4>*3=(&=!?&'3@(4=>!
?&(3'&=A!.P!2&!248=!)&*2&:&*+!(&>&=!24&:(&:.@(&=!&=!.P!248!Q&=@4.&=Q*&/4&@!
3P+*3>&=#!J&=@'.((&!)3((&=!9&!4=!Q3*3>*33P!V#U!K&(!K..P+@(7:!:.*(!@3/&=#!

YDG!

U+R2($+"3=!+&!*&@Q.=+&=(&=!4@!>&)*33>+!&&=!4=@LK3((4=>!(&!/3:&=!)3=!K&(!'..=!+3(!
248!Q&*!/33=+!)&*+4&=&=# NR!H=!P4>77*!V#G!4@!2.9&'!K&(!>&/4++&'+&!?*7(.!3'@!
=&((.!/33=+'..=!>&Q*&@&=(&&*+#!`&!/4>*3=(&=!74(!+&!$S<T'3=+&=!)&*+4&=&=!
>&/4++&'+!GRME!&7*.!?*7(.!Q&*!/33=+#![4&*!K.7+&=!248!>&/4++&'+!GGRE!&7*.!
=&((.!33=!.)&*#!%&+&*./!4@!74(@Q'4(@(!=33*!(dQ&!/4>*3=(!\:.*(&!&=!/4++&''3=>&!
(&*/48=]A!K&*:./@(>*.&Q!&=!>&@'3LK(#!$4>*3=(&=!+4&!K4&*!=.>!/33*!@4=+@!:.*(!
)&*?'48)&=A!)&*+4&=&=!?*7(.!>&/4++&'+!GNFE!&7*.!Q&*!/33=+A!+3(!4@!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
NR

!!

!! C*3>&=!.)&*!4=:./@(&=!&=!74(>3)&=!248=!3'(48+!2&&*!Q*4)3Ld>&).&'4>#!-.)&=+4&=!248=!
2&!)..*!+&!*&@Q.=+&=(&=!)33:!'3@(4>!(&!?&3=(9..*+&=!2&:&*!93==&&*!&*!9&4=4>!
?&>&'&4+4=>!?48!K&(!4=)7''&=!9.*+(!>&?.+&=A!2.3'@!4=!+4(!@7*)&d!K&(!>&)3'!93@#!`&2&!
3@Q&L(&=!K&??&=!(.(!>&).'>!+3(!+&!)*3>&=!.)&*!4=:./&=!=4&(!+..*!4&+&*&&=!248=!
4=>&)7'+#!C3=!+&!IRU!*&@Q.=+&=(&=!33=!94&!+&!)*33>!4@!>&@(&'+!K&??&=!&*!VGF!+&!
)*3>&=!.)&*!K&(!4=:./&=!?&3=(9..*+#!`&!*&@7'(3(&=!+4&=&=!+7@!/&(!&=4>&!
)..*24LK(4>K&4+!(&!9.*+&=!>&'&2&=#!

II!

5$$6&'3%7-W-

@4>=4P4L3=(!/4=+&*!+3=!+&!GIME!&7*.!+4&!/4>*3=(&=!+4&!K4&*!3'!'3=>&*&!(48+!
)&*?'48)&=!)&*+4&=&=#!
[&(!?*7(.!/33=+4=:./&=!)3=!O..'@&!/4>*3=(&=!4@!>&/4++&'+!GRGE!&7*.#!
`&!O.'&=!4=!.=@!.=+&*2.&:!)&*+4&=&=!+33*/&&!@4>=4P4L3=(!/4=+&*!+3=!+&!
-7'>3*&=!&=!1.&/&=&=!+4&!>&/4++&'+!&&=!?*7(.!/33=+4=:./&=!K&??&=!)3=!
GUIE!&7*.#!J&=@'.((&!24&=!9&!+3(!)*.79&=!?48=3!NEE!&7*.!Q&*!/33=+!/4=+&*!
)&*+4&=&=!+3=!K7=!/3==&'48:&!L.''&>3_@#!0..*(>&'48:&!)&*@LK4''&=!24&=!9&!..:!
3'@!9&!K&(!=&((.!/33=+4=:./&=!)&*>&'48:&=#!
!
!

<FFF

!

>DFF

!
>@FF

!

>CFF

!

><FF

!

>FFF

!

(2*$#!&##/

!

/4$$#!&##/

DFF

!

@FF

!
!

CFF

!
<FF

!

F
$#$%%&

!

-9GG4&&%/0

!

1#2$

3#&4/

5*&67#4

#84290

H%/

R2#*:

[%).."-YD>E-U+R2($+-+**"-(%)"*,%$,$"(%T+S-8$"R2(',)"2$4-$+-)$'6*78,-a*#'26..,cS-4$"-(**+&!"#$%&'()'&*++,-&./01#!

`$(%&&$6&-.."622+<&*+&*!9&*+!+74+&'48:!+3(!+&!3*?&4+@/4>*3=(&=!4=!K&(!3'>&/&&=!)&&'!7*&=!Q&*!
9&&:!9&*:&=#!J7@@&=!+&!>*.&Q&=!24&=!9&!..:!)&*@LK4''&=!4=!K&(!33=(3'!7*&=!
+3=!/&=!9&*:(#!C*.79&=!9&*:&=!?48)..*?&&'+!@4>=4P4L3=(!)3:&*!4=!+&&'(48+!+3=!
/3==&=#!S/!&&=!?&(&*!)&*>&'48:?33*!?&&'+!(&!:*48>&=!)3=!+&!)&*@LK4''&=!4=!
?&'.=4=>!(7@@&=!>*.&Q&=!4@!.Q!?3@4@!)3=!K&(!4=:./&=!&=!K&(!33=(3'!7*&=!+3(!
/&=!>&/4++&'+!9&*:(!&&=!4=+4L3(4&!>&/33:(!)3=!+&!4=:./@(&=!Q&*!77*#!
$4>*3=(&=!74(!+&!$S<T'3=+&=!)&*+4&=&=!>&/4++&'+!FAIE!&7*.!?*7(.!Q&*!
77*#!`&!K4&*)..*!>&@LK&(@(&!)&*@LK4''&=!(7@@&=!:.*(&!&=!'3=>&!(&*/48=!
/4>*3=(&=A!K&*:./@(>*.&Q&=!&=!/3==&=!&=!)*.79&=!?'48)&=!=3!L.**&L(4&!
)..*!K&(!33=(3'!>&9&*:(&!7*&=!33=9&24>#!53=>&!(&*/48=!/4>*3=(&=!)&*+4&=&=!
/&&*!Q&*!77*!+3=!:.*(&!(&*/48=!/4>*3=(&=A!O.'&=!)&*+4&=&=!/4=+&*!+3=!
/4>*3=(&=!74(!-7'>3*48&!&=!1.&/&=4Z!&=!)*.79&=!/4=+&*!+3=!/3==&=#!

IM!

K4"*"A4m9,-'43%*34,-

[&(!4=:./&=@)&*@LK4'!(7@@&=!+&!+4)&*@&!>*.&Q&=!4@!>*.(&=+&&'@!K&(!>&).'>!
)3=!K&(!)&*@LK4'!4=!3*?&4+@/3*:(Q.@4(4&!)3=!+&!+4)&*@&!>*.&Q&=#!6.!9&*:(!&&=!
*&'3(4&P!>*..(!+&&'!)3=!+&!O..'@&!/4>*3=(&=!3'@!@&42.&=@3*?&4+&*!4=!+&!
'3=+?.79A!&&=!@&L(.*!/&(!2&&*!)&&'!'33>>&:93'4P4L&&*+!&=!'33>?&(33'+!9&*:#!
$4>*3=(&=!74(!+&!.)&*4>&!'3=+&=!9&*:&=!874@(!*&'3(4&P!)33:!4=!3=+&*&!@&L(.*&=!
933*!\4&(@]!/&&*!9.*+(!?&(33'+#!-.)&=+4&=!248=!&*!@4>=4P4L3=(&!)&*@LK4''&=!
(7@@&=!+&!>*.&Q&=!4=!+&!3*?&4+@/3*:(Q.@4(4&#!S.:!9&*:&=!*&'3(4&P!)&&'!
-7'>3*&=!&=!1.&/&=&=!)..*!&4>&=!*&:&=4=>A!(&*948'!*&'3(4&P!)&&'!O.'&=!4=!
+4&=@(!248=!?48!&&=!74(2&=+?7*&37!\24&!Q3*3>*33P!R#R]#!<&=!*&>*&@@4&!3=3'd@&!
933*?48!)..*!+&2&!3*?&4+@/3*:(:&=/&*:&=!3'@/&+&!Q&*@..=@:&=/&*:&=!
\'&&P(48+!&=!>&@'3LK(]!9.*+(!>&L.**4>&&*+A!'33(!24&=!+3(!K&(!)&*@LK4'!4=!K&(!
?*7(.!77*'..=!(7@@&=!/4++&''3=>&!&=!:.*(&!(&*/48=!/4>*3=(&=!9&>)3'(!&=!+&!
)&*@LK4'!4=!77*'..=!(7@@&=!+&!K&*:./@(>*.&Q&=!:'&4=&*!9.*+(!&=!=.>!/33*!=&(!
@4>=4P4L3=(!4@!\24&!?48'3>&!(3?&'!?V#D]#!
6.3'@!&&*+&*!>&2&>+!248=!+&!4=:./&=@)*3>&=!4=!+&!&=b7c(&!=4&(!74(>&?*&4+!
&=!@Q&L4P4&:!>&=.&>!./!K&(!?*7(.!&=!=&((.!77*'..=!&e3L(!(&!:7==&=!?&Q3'&=#!
X4&((&/4=!:7==&=!9&A!>&>&)&=!K&(!*&'3(4&P!'3>&!?*7(.!77*'..=A!@(&''&=!+3(!+&!
3*?&4+@/4>*3=(&=!24LK!b73!4=:./&=!33=!+&!.=+&*:3=(!)3=!+&!3*?&4+@/3*:(!
?&)4=+&=# NV!H=!+&!>&@Q*&::&=!+4&!948!/&(!&=:&'&!/4>*3=(&=!K&??&=!>&).&*+A!
9.*+&=!..:!+&*>&'48:&!.Q/&*:4=>&=!>&/33:(#!!
!
Qe**/-47-2$,'3-0,/7,"I-0*'-#,3-#,,9-7$%&I-=anLJ-5,9,-'9,A#3,*/D,4&'$2'3*"&4)#,&,"J-!7-0,,3-#$,-#,3-0,/73-4"-T,&,/9*"&J-U,-),D/%47,"2,"',"J-U,-0,3,"-&*3-&,-Y$9,"-,/2,,-*77$$/&-)**"-$2-+$$/-i-,%/$-(,/-%%/-3,0,/7,"JV-E/8aG-

Q!"-#,3-Y$$9',-7*"3$$/-S,4&,"-S,-3,),"-$"'-&*3-0,-b-,%/$-",33$-(,/-%%/-S$%&,"+,/&4,","I-2**/-#4,/-D9,,7-&*3-#,3-D4>"*-i-,%/$-0*'J-X%'-&*3-4'-3$A#-D,'3-0,9$",,/94>7I-#op-!7-0,,3-"4,3-0**/$2-&*3-S$-)4")Z-47-#,D-"4,3-),(/$3,'3,,/&I-&*3S$%-$$7-",/),"'-$(-'9**"-Z-S,-#,DD,"-#%"-(/$A,&%/,'J-@9'->,-),(/$D,,/&-#*&3,-(/$3,'3,/,"I-&*"-0*'->,-$"3'9*),"-,"-0*'->,-&4/,A3-2,,-3,/%)-),"$2,"-"**/Y$9,"J-X*3-&,"7-47JV-E/NFG-

!
<&=!)3=!+&!-7'>33*@&!*&@Q.=+&=(&=!4@!33=)3=:&'48:!3'@!@&42.&=@3*?&4+&*!4=!+&!
(74=?.79!=33*!X&+&*'3=+!>&:./&=#!C3=3P!K&(!(9&&+&!833*!K&&P(!K48!+&!*.'!
)3=!4=(&*/&+434*!.Q!24LK!>&=./&=!)..*!K&(2&'P+&!?&+*48P#!<LK(&*!K48!9.*+(!
)..*!+4&!+4&=@(&=!=4&(!?&(33'+!&=!.=()3=>(!=3!=&>&=!833*!K&(2&'P+&!@3'3*4@!3'@!
+&!3=+&*&!3*?&4+&*@#![48!>&&P(!33=!K4&*!.=(&)*&+&=!.)&*!(&!248=#!!
!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
NV

!! [&(!?*7(.!/4=4/7/'..=!)3=!Q&*@.=&=!)3=!DN!833*!&=!.7+&*!?48!&&=!RET7*4>&!
9&*:9&&:!4@!IAMN!&7*.#!

IF!

5$$6&'3%7-W-

Q-EZG-<4),"94>7-+$,/-47-&,S,-&4,"'3,"-+$$/-&,-,4),"**/-%43-S$"&,/-&**/-,,"*/D,4&'$+,/,,"7$2'3-+$$/-3,-#,DD,"J-EZG-T,,I-,/-S4>"-),,"-+,/*"&,/4"),"-4"24>"-'*9*/4'-,"-&**/$2-D,"-47-,,"-D,,3>,-D$$'-,"-,,"-D,,3>,-3,9,%/),'3,9&I-0*"3#,3-'*9*/4'-&*3-47-+$$/-24>"-0,/7-7/4>)-4'-#,3S,96&,-*9'-&,-*"&,/,"I-D,#*9+,-&*3-47+$$/-#,3-/,),9,"-+*"-&,-*/D,4&,/'-,,"-79,4",-#$,+,,9#,4&-),9&-7/4>)-$2-4"-24>"7$'3,"-3,-+$$/S4,"\-+$$/-&,-/,4'-,"-+$$/-&,-A$22%"4A*34,7$'3,"JVE/NOG-

!
H=!+&!).'>&=+&!Q3*3>*33P!?&:48:&=!9&!933*33=!+&!3*?&4+@/4>*3=(&=!K7=!
4=:./@(&=!?&@(&+&=#!!

YD@!

;%,)*9$+<&*+&*!23>&=!9&!+3(!+&!$S<T'3=+&*@!>&/4++&'+!GRME!&7*.!?*7(.!Q&*!/33=+!
)&*+4&=&=!&=!+33*!>&/4++&'+!GGRE!&7*.!=&((.!33=!.)&*K.7+&=!\24&!P4>77*!
V#G]#!H=!P4>77*!V#D!248=!+&!?&@(&+4=>&=!)3=!+&!$S<T'3=+&*@!>&Q*&@&=(&&*+#!
`&!*&@Q.=+&=(&=!>&)&=!>&/4++&'+!.=>&)&&*!GEUE!&7*.!74(#!C3=!+&!74(>3)&=!
9.*+(!/33=+&'48:@!>&/4++&'+!2._=!NRE!&7*.!74(>&>&)&=!33=!+&!K77*A!DUE!
&7*.!33=!'&)&=@.=+&*K.7+!&=!9.*+(!&*!2._=!DME!&7*.!>&@Q33*+!\24&!P4>77*!
V#D]#!$33=+&'48:@!9.*+(!.=>&)&&*!GGE!&7*.!33=!P3/4'4&!&=!)*4&=+&=!4=!K&(!
K&*:./@('3=+!>&@(77*+#!!
W.*(&!(&*/48=!/4>*3=(&=!K&??&=!@4>=4P4L3=(!'3>&*&!9..='3@(&=!+3=!+&!
/4>*3=(&=!+4&!K4&*!3'!93(!'3=>&*!248=#!S.:!K&??&=!:.*(&!(&*/48=!/4>*3=(&=!
@4>=4P4L3=(!'3>&*&!:.@(&=!)..*!'&)&=@.=+&*K.7+!&=!'3>&*&!.)&*4>&!:.@(&=!+3=!
+&!/4++&''3=>&!(&*/48=!/4>*3=(&=#!
$4>*3=(&=!74(!O.'&=!K&??&=!@4>=4P4L3=(!'3>&*&!9..='3@(&=!+3=!/4>*3=(&=!
74(!-7'>3*48&A!1.&/&=4Z!&=!+&!.)&*4>&!$S<T'3=+&=#![&(!)&*@LK4'!4@!>&/4++&'+!
/&&*!+3=!GEE!&7*.#!-7'>3*&=!&=!1.&/&=&=!@(7*&=!33=24&='48:!\&=!@4>=4P4L3=(]!
/&&*!>&'+!(&*7>!=33*!P3/4'4&!&=!)*4&=+&=!4=!K&(!K&*:./@('3=+!+3=!/4>*3=(&=!
74(!O.'&=#!J&=@'.((&!24&=!9&!+3(!/3==&=!>&/4++&'+!>&=./&=!@4>=4P4L3=(!/&&*!
>&'+!=33*!K&(!K&*:./@('3=+!@(7*&=!+3=!)*.79&=#!!

ME!

K4"*"A4m9,-'43%*34,-

!
!
??C
!

$#$%%&

<@F

<D>

>?<

B<

!
! C<F

-9GG4&&%/0

!

?FB

1#2$

??>
<?@

?<C
<@=

><D

>CC

DB

C<

!
!

?F<

3#&4/

<BB

!

5*&0%24/67#4-4/4/

C<>

<C@

CF=

?FF

!

#84290

!

<E?

>>?

C=

<@>

<>=

<?=

>?B

DC
CD

!
H%/

??D
!

<BB

R2#*:

!
??>

<@=

F

! <FF
!
!

?><

>BB

<C=

CFF

@FF

O**2

&484/)#/G42N#*G

)K%24/

>F<

@>

?D

DFF

>FFF

24-9$$%/M4)

#84290

><FF

>CFF

[%).."-YDGE-;%,)*9$+-+**"-7*,$)2"%$-(%)"*,%$,$"(%T+S-8$"R2(',)"2$4-$+-)$'6*78,-a*#'26..,c!"#$%&'()'&*++,-&./01#!

!
[.&9&'!>&/4++&'+!>&=./&=!+7@!&&=!33=24&='48:!+&&'!)3=!+&!4=:./@(&=!
.Q>33(!33=!9..='3@(&=!&=!:.@(&=!)..*!'&)&=@.=+&*K.7+A!@'33>(!+&!
>&/4++&'+&!/4>*3=(!&*!+7@!9&'!4=!./!(&!@Q3*&=!&=!+33*=33@(!>&'+!=33*!K74@!
(&!:7==&=!@(7*&=#!S.:!4=!+&!4=(&*)4&9@!/&(!/4>*3=(&=!?&3=(9..*+&=!+&!
*&@Q.=+&=(&=!+&!)*33>!.P!248!>&'+!:7==&=!.)&*K.7+&=!4=!K&(!3'>&/&&=!
?&)&@(4>&=+#!6.!2&>(!&&=!O..'@&!/4>*3=(!K4&*!&&=!K.>&*!@3'3*4@!(&!)&*+4&=&=!
933*+..*!K48!9&:&'48:@!>&'+!=33*!K74@!:3=!@(7*&=!&=!(.LK!..:!93(!>&'+!
.)&*K.7+(#!
!
Q!7-'3%%/-4,&,/,-0$,"'&*)-),9&-"**/-#%4'-]-S$*9'-+*"&**)-]I-FNNI-8NN-,%/$-+4*&,-D*"7-,"-&*3-4'-),"$,)J-<97,-0,,7J-5,3-9,+,"-4'-#4,/-2*77,94>7,/J-:,3-FNN,%/$-7*"-47-&,-#,9,-0,,7-9,+,"-,"-47-7*"-$$7-0*3-'(*/,"J-!7-7*"-$+,/9,+,"-,",/-D94>63-0*3-),9&-$+,/J-5,3-9,+,"-4'-2*77,94>7,/J-:,3-FNN-,%/$-S$%->,-4"-Y$9,"$$7-7%"","-$+,/9,+,"-2**/-&*3-+,/&4,"->,-&**/-"4,3JV-E/8OG-

!
H=!+&!).'>&=+&!Q3*3>*33P!9.*+(!>&:&:&=!4=!K.&)&**&!+&!P4=3=L4Z'&!@4(73(4&!
)3=!+&!3*?&4+@/4>*3=(&=!)&*3=+&*+!4@!4=!)&*>&'48:4=>!/&(!K7=!@4(73(4&!4=!K&(!
K&*:./@('3=+#!!

MG!

5$$6&'3%7-W-

YDF!

M$"*+&$"%+)-%+-5%+*+7%\6$-'%,.*,%$X33@(!)*3>&=!.)&*!4=:./@(&=!&=!74(>3)&=!K&??&=!9&!+&!*&@Q.=+&=(&=!..:!
>&)*33>+!K7=!P4=3=L4Z'&!@4(73(4&!(&!?&..*+&'&=#!h.=L*&&(!4@!33=!+&!/4>*3=(&=!
>&)*33>+!.P!/&=!@LK7'+&=!K&&P(A!.P!/&=!@Q33*/4++&'&=!/.&(!33=@Q*&:&=A!
Q*&L4&@!*.=+!:3=!:./&=A!.P!>&'+!:3=!.)&*K.7+&=#!`&2&!)*33>!K&??&=!9&!
>&@(&'+!)..*!2.9&'!+&!K74+4>&!@4(73(4&!3'@!)..*!K7=!@4(73(4&!)..*+3(!248!74(!K7=!
K&*:./@('3=+!)&*(*.::&=#!!
H=!(3?&'!V#G!24&=!9&!+3(!G!.Q!+&!V!*&@Q.=+&=(&=!4=!K&(!K&*:./@('3=+!
@LK7'+&=!K3+!&=!=.>!&&=@!GI!Q*.L&=(!K7=!@Q33*/4++&'&=!/.&@(!33=@Q*&:&=#!
-48=3!&&=!:93*(!\DNi]!)3=!.=2&!*&@Q.=+&=(&=!:.=!&&=!?&&(8&!.P!)&&'!>&'+!
.)&*K.7+&=#!`&!*&@(!\REi]!:.=!Q*&L4&@!*.=+:./&=#!
!

^*#$6-YD>E-[%+*+7%\6$-'%,.*,%$S-+**"-(%)"*,%$,$"(%T+S-8$"R2(',)"2$4-$+-)$'6*78,-a%+-bc-

!!
!
M%*)*0%N/#!&%';)'%#!,%4!J#('(#@!;%'!1#(@.<&'/)*5!
N%G!)MN*&G4/!
-#4)$!)K%%2-9GG4&4/!%%/)K2414/!
1#/!K24M94)!2#/G1#-4/!
1#/!44/!(44$;4!04&G!#842N#*G4/!
1#/!844&!04&G!#842N#*G4/!
!
M%*)*0%N/#!&%';)'%#!*;!
N4(!)MN*&G4/!
-#4$!)K%%2-9GG4&4/!%%/)K2414/!
1%/!K24M94)!2#/G1#-4/!
1%/!44/!(44$;4!04&G!#842N#*G4/!
1%/!844&!04&G!#842N#*G4/!

$#$%%&
!!
!
<FA<!
>@A=!
CFA?!
>DAC!
CAB!
!
!
>FA?!
BAD!
<EA<!
C?A>!
>>A@!

-.&%/0
!!
!!
>EAD!
>CA<!
CFA>!
>EAD!
@A<!
!!
!!
BAC!
CA<!
<CAC!
CEAC!
>@A=!

1#2$
!!
!!

3#&4/
!!
!

<FA?!
>=AC!
CFA?!
>=AE!
CAF!
!!
!!

<FAF!
>DA<!
C?AD!
>CA=!
?AC!
!
!

>>AE!
@A?!
?FA=!
C>A>!
>FAF!

DAB!
CA?!
?<A>!
C?A<!
>>AD!

5*&67#4!
!!
!
<BAE!
>CA?!
?>A?!
<<A?!
@A?!
!
!
>@AB!
>?AD!
<<AE!
?=A@!
EA<!

#84290!
!!
!
>CA?!
>>AF!
?>AE!
?CA>!
DAD!
!
!
>?AF!
CA?!
<FA=!
CDAE!
>?AF!

-%/
!!
!!
<<AC!
>?AE!
?=A@!
<FA>!
@AF!
!!
!!
>FAF!
@AF!
<EAF!
CCAF!
>>AF!

82#*:
!!
!
>=A?!
<FAC!
C?A?!
>@A?!
<AD!
!
!
>FAF!
BAE!
<EA=!
C<A>!
><AC!

!"#$%&'()'&*++,-&./01#!

!
`&!K74+4>&!P4=3=L4Z'&!@4(73(4&!24&(!&*!)..*!.=2&!*&@Q.=+&=(&=!*..@:'&7*4>&*!
74(#!$&&*!+3=!+&!K&'P(!\VVi]!)3=!+&!*&@Q.=+&=(&=!>&&P(!33=!=7!&&=!?&&(8&!.P!
)&&'!>&'+!.)&*!(&!K.7+&=#!!
`&!K74+4>&!P4=3=L4Z'&!@4(73(4&!)3=!+&!/4>*3=(&=!4@!+33*/&&!(&=!.Q24LK(&!
)3=!+4&!4=!K&(!K&*:./@('3=+!>&/4++&'+!>&=./&=!33=24&='48:!)&*?&(&*+!\24&!
P4>77*!V#N]#!C..*!/&&*!+3=!+&!K&'P(!)3=!+&!*&@Q.=+&=(&=!4@!+&!@4(73(4&!=7!
?&(&*!\NRi]!.P!)&&'!?&(&*!\DEi]!+3=!+&!P4=3=L4Z'&!@4(73(4&!4=!K&(!'3=+!)3=!
K&*:./@(#!`4(!>&'+(!/&(!=3/&!)..*!+&!/4++&''3=>&!(&*/48=!/4>*3=(&=#!%&!
24&=!)&*+&*!+3(!+&!O.'&=!K7=!P4=3=L4Z'&!@4(73(4&!@4>=4P4L3=(!/&&*!K&??&=!
)&*?&(&*+!+3=!+&!3=+&*&!K&*:./@(>*.&Q&=#!

MD!

K4"*"A4m9,-'43%*34,-

!
!
$#$%%& ?AD BAF

?@A=

!

?CAC

<FA>

!
!

-9GG4&&%/0 ?AD <AB

<EAC

?DA>

<@A?

!
1#2$ ?AD BA=

?EAF

!

??A?

>DA?

!
!

3#&4/ <A? BA>

??A=

?BAF

<?AE

!

5*&0%24/67#4-4/4/

DA?

?A=

!

C?A>

#84290

@A@

BAB !

CBA>

?<A>

><AD

?CA>

DAD

!
!
-%/ ?A@ BAE
82#*:

CA? ?A@

?DA=

!
!

?<A@

??A=

>EA?

?@A<

<<A>

!
!

F,

>F,

<F,

?F,

844&!)&4MN$42

!

CF,

)&4MN$42

BF,

04&9;1

@F,

(4$42

=F,

DF,

EF,

>FF,

844&!(4$42

!
[%).."-YD@E-M$"*+&$"%+)-5%+*+7%\6$-'%,.*,%$-+.-,D2D9D-8$"R2(',6*+&S-+**"-(%)"*,%$,$"(%T+S-8$"R2(',)"2$4-$+-)$'6*78,a%+bc!"#$%&'()'&*++,-&./01#!
!

!
S.:!+&!*&@Q.=+&=(&=!+4&!948!>&q=(&*)4&9+!K&??&=A!>&)&=!33=!+3(!K7=!
P4=3=L4d'&!@4(73(4&!(&=!.Q24LK(&!)3=!+4&!4=!K&(!K&*:./@('3=+!)&*?&(&*+!4@#!
!
Q!7-7*"-24>"-'A#%9&,"-3,/%)D,3*9,"-,"-3$A#-D,"-47-4"-'3**3-),9&-3,-'(*/,"J-!7D,"-**"-#,3-'(*/,"-3,/04>9-47-24>"-(,/2*","3,-+,/(94A#34"),"-D,3,/-"*7$2-&*"47-4"-Y$9,"-S$%-7%"","I-&%'-#,3-4'-"4,3-'9,A#3JV-E/FNG-

!
64&!K4&*!(&*!4''7@(*3(4&!..:!+&!L4(3(&=!)3=!(9&&!-7'>33*@&!@&42.&=3*?&4+&*@!+4&!
&*!P4=3=L4&&'!.Q!)..*74(!248=!>&>33=!@4=+@!2&!=33*!X&+&*'3=+!:./&=!./!(&!
9&*:&=#!!
!
Q!7-(/$D,,/-D,4&,-#$,7,"-**"-,97**/-+*'3-3,-2*7,"I-S$*9'-0,-4"-M%9)*/4>,S,)),"J-X,-/,"3,-4'-3,-#$$)I-#,3-4'-#,,9-2$,494>7J-X,-A/4'4'-4'-#,,9-&%4&,94>7S4A#3D**/-4"-M%9)*/4>,J-X,-'*9*/4'',"-&4,-0,-7/4>),"-]-0,-7%"","-,/-"4,3-,,"'$"S,-/,7,"4"),"-+*"-&,-2**"&-2,,-D,3*9,"I-,9,73/4A43,43I-0*3,/J-5,3-),9&-&*3-47#4,/-'(**/I-7*"-47-+$$/-24>"-$%&'3,-74"&-),D/%47,"-,"-+$$/-&,-04"3,/I-0*"",,/0,-#$),/,-/,7,"4"),"-#,DD,"J-5,3-'*9*/4'-4'-S$-9**)I-&*3-47-"4,3-4"-24>"-,,/'3,9,+,"'D,#$,63,"-7*"-+$$/S4,"JV-E/NRG-

MN!

5$$6&'3%7-W-

Q5,3-4'-2,I-'4"&'-47-#4,/-',4S$,"'0,/7-&$,I-*9-),9%73-$2-&/4,-*((*/3,2,"3,"-3,7$(,"?-gg"-4"-q*2D$9I-gg"-4"-.*/"*-,"-gg"-4"-Y9$+&4+J-!7-#,D-,,"-.$97'0*),"Y*''*3I-(/$&%A34,>**/-FNNRJV-E/NOG-

YDY!

M$"O$R$"%+)$+-$+-#$6*',%+)$+-`&!/4>*3=(&=!74(!+&!$S<T'3=+&=!4@!..:!>&)*33>+!.P!248!)&*2&:&*+!248=!(&>&=!
24&:(&:.@(&=!&=!.P!248!?&'3@(4=>!?&(3'&=!&=!Q&=@4.&=Q*&/4&!3P+*3>&=#!!

e2")9$"O$R$"%+)C&*74(!K&(!>*..(@(&!+&&'!\ME!Q*.L&=(]!)3=!+&!$S<T'3=+&*@!4@!)&*2&:&*+!(&>&=!
24&:(&:.@(&=#!174/!&&=!+&*+&!4@!)&*2&:&*+!)43!+&!\X&+&*'3=+@&]!9&*:>&)&*A!
&&=!:93*(!K&&P(!K&(!2&'P!>&*&>&'+!4=!X&+&*'3=+!&=!=.>!&&=@!GN!Q*.L&=(!4=!K&(!
K&*:./@('3=+#!174/!&&=!(4&=+&!\GDi]!)3=!+&!*&@Q.=+&=(&=!4@!=33*!&4>&=!
2&>>&=!=4&(!)&*2&:&*+!(&>&=!24&:(&:.@(&=!&=!?48=3!M!Q*.L&=(!)3=!+&!
*&@Q.=+&=(&=!9&&(!=4&(!.P!248!3'!+3=!=4&(!)&*2&:&*+!248=#!!
!
$#$%%&

!

>>AB

?@A?

><AE

<=A>

EA>

!
-9GG4&&%/0

!

1#2$

<>A@

!
!

EAB

<@AD

>FA>

CBA<

@A@

>?AD

?EA>

><A>

>FAF

>FAD

C<A?

EA>

>FA=

>=AE

<?A<

!
3#&4/
5*&0%24/67#4-4/4/
#84290

<CAB
!

! ?<A>
!
!

>@A>

>>A>

<CAC

<>A>

?BA@

CAB
@A=

!
-%/

<CAE
!

! ?FA>

82#*:
F,

!
!

?=A@

>?A=

??AC

><
<F,

CF,

@F,

>>AE

EA<

>>AC

EAC

DF,

>FF,

;%A!`4&X!042404&G!9/!Y4G42&%/G

;%A!`4&X!042404&G!9/!N421#-)$&%/G

;%A!89%!: 42104842!9/!Y4G42&%/G

;%A!89%!: 42104842!9/!N421#-)$&%/G

/44

: 44$6`40!91!/94$

!
!

[%).."-YDFE-M$"O$R$"%+)-,$)$+-O%$R,$R2',$+S-+**"-(%)"*,%$,$"(%T+S-8$"R2(',)"2$4-$+-)$'6*78,-a%+bc!"#$%&'()'&*++,-&./01#!
!

J7@@&=!/4++&''3=>&!&=!:.*(&!(&*/48=!/4>*3=(&=!4@!&*!>&&=!@4>=4P4L3=(!)&*@LK4'!
4=!K&(!33=+&&'!/4>*3=(&=!+3(!4@!)&*2&:&*+!(&>&=!24&:(&:.@(&=#!%&'!24&=!9&!
>*.(&!)&*@LK4''&=!4=!+&!9482&!933*.Q!/&=!4@!)&*2&:&*+#!C3=!+&!:.*(&!(&*/48=!

MR!

K4"*"A4m9,-'43%*34,-

/4>*3=(&=!4@!K&(!>*..(@(&!+&&'!)&*2&:&*+!)43!+&!9&*:>&)&*#!C3=!+&!/4>*3=(&=!
+4&!K4&*!3'!'3=>&*!248=!>&&P(!&&=!>*..(!+&&'!33=!+&!24&:(&:.@(&=)&*2&:&*4=>!
2&'P!(&!K&??&=!>&*&>&'+#!C3=!+&!/4>*3=(&=!74(!-7'>3*48&!&=!1.&/&=4Z!4@!?48=3!
&&=!:93*(!=4&(!)&*2&:&*+!(&>&=!24&:(&:.@(&=#!`3(!4@!&&=!@4>=4P4L3=(!>*.(&*!
+&&'!+3=!)3=!+&!/4>*3=(&=!74(!O.'&=!\Fi]!&=!/4>*3=(&=!74(!+&!3=+&*&!$S<T
'3=+&=!\GGi]#!W48:&=!9&!=33*!+&!9482&!933*.Q!/&=!4@!)&*2&:&*+A!+3=!)3'(!.Q!
+3(!-7'>3*&=!&=!1.&/&=&=!)&&'!/4=+&*!)33:!248=!)&*2&:&*+!)43!+&!9&*:>&)&*#!
`4(!K3=>(!@3/&=!/&(!K&(!>&>&)&=!+3(!-7'>3*&=!&=!1.&/&=!4=!K&(!.=+&*2.&:!
)&&'!)3:&*!)..*!&4>&=!*&:&=4=>!9&*:&=!+3=!O.'&=!\24&!K..P+@(7:!R]#!J7@@&=!
/3==&=!&=!)*.79&=!248=!&*!>&&=!@4>=4P4L3=(&!)&*@LK4''&=!4=!K&(!33=+&&'!
)&*2&:&*+&=!.P!4=!+&!9482&!933*.Q!/&=!)&*2&:&*+!4@#!
!

Y4(!+&!4=(&*)4&9@!/&(!*&@Q.=+&=(&=!?'48:(!+3(!+&!/&&@(&!)3=!K&=!=.>!

>&&=!>&?*74:!>&/33:(!K&??&=!)3=!K7=!X&+&*'3=+@&!2.*>)&*2&:&*4=>#!
0.//4>&!*&@Q.=+&=(&=!+4&!948!>&@Q*.:&=!K&??&=A!248=!4=!K7=!K&*:./@('3=+!
)&*2&:&*+#!`&2&!)&*2&:&*4=>!:7==&=!2&!..:!K4&*!>&?*74:&=#!J.LK!9.*+&=!248!
+..*!74(2&=+?7*&37@!..:!?48!&&=!X&+&*'3=+@&!2.*>)&*2&:&*33*!33=>&/&'+!
933*)..*!248!=3(77*'48:!..:!Q*&/4&!/.&(&=!3P+*3>&=#!
!
Q!7-#,D-&,-24>",-_S$/)+,/S,7,/4")I-P4'D$`-+*"-Y$9,"J-5,3-4'-+$$/-*99,-9*"&,"J54,/-0*'-&,-(/,24,-#,,9-9**)I-2**/-"%-#,DD,"-S,-,,"-"4,%0,-),2**73\-S,#*9,"-gg"-7,,/-(,/-2**"&-iN-,%/$-+*"-24>"-/,7,"4")-*6J-!7-#,D-),S,)&-&*3-47#,3-"4,3-049&,I-0*"3-#,3-7$'3-0,9-iN-,%/$JV-E/8OG-

!
H=!+&!).'>&=+&!Q3*3>*33P!?&@Q*&:&=!9&!4=!K.&)&**&!+&!/4>*3=(&=!74(!+&!
$S<T'3=+&=!4=:./@(&=?&'3@(4=>!?&(3'&=#!

U+R2(',$+#$6*',%+)$&&*!+3=!MV!Q*.L&=(!)3=!+&!$S<T'3=+&*@!?&(33'(!=33*!&4>&=!2&>>&=!
?&'3@(4=>#!-48=3!U!Q*.L&=(!?&(33'(!>&&=!?&'3@(4=>!&=!?48=3!M!Q*.L&=(!)3=!+&!
*&@Q.=+&=(&=!9&&(!K&(!=4&(!\RANi]!.P!94'!&*!=4&(@!.)&*!2&>>&=!\NAUi]#!
J7@@&=!/4++&''3=>&!&=!:.*(&!(&*/48=!/4>*3=(&=!4@!&*!>&&=!@4>=4P4L3=(!)&*@LK4'!
4=!K&(!33=+&&'!/4>*3=(&=!+3(!?&'3@(4=>!2&>(!(&!?&(3'&=#!%&'!24&=!9&!
)&*@LK4''&=!4=!+&!9482&!933*.Q!/&=!?&'3@(4=>!3P+*33>(#!`&!:.*(&!(&*/48=!
/4>*3=(&=!+*3>&=!)3:&*!?&'3@(4=>!3P!4=!K&(!'3=+!)3=!K&*:./@(!+3=!+&!
/4++&''3=>&!(&*/48=!/4>*3=(&=#!C3=!+&!/4++&''3=>&!(&*/48=!/4>*3=(&=!+*33>(!
&&=!)&&'!>*.(&*!+&&'!2&'P!?&'3@(4=>!3P!+3=!)3=!+&!:.*(&!(&*/48=!/4>*3=(&=#!!
-48=3!GG!Q*.L&=(!)3=!+&!/4>*3=(&=!74(!-7'>3*48&!&=!1.&/&=4Z!2&>(!>&&=!
?&'3@(4=>!(&!?&(3'&=!&=!=.>!&&=@!?48=3!DE!Q*.L&=(!9&&(!K&(!=4&(!.P!94'!&*!=4&(@!
.)&*!2&>>&=!\*&@Q&L(4&)&'48:!Fi!&=!GEi]#!C3=!+&!-7'>3*&=!&=!1.&/&=&=!
?&(33'(!&&=!@4>=4P4L3=(!:'&4=&*!+&&'!?&'3@(4=>!+3=!)3=!+&!O.'&=!&=!/4>*3=(&=!

MV!

5$$6&'3%7-W-

74(!+&!.)&*4>&!$S<T'3=+&=#!W48:&=!9&!=33*!+&!9482&!933*.Q!/&=!?&'3@(4=>!
?&(33'(A!+3=!)3'(!.Q!+3(!K&(!>*..(@(&!+&&'!\VIi])3=!+&!O.'&=!33=>&&P(!2&'P!4=!
X&+&*'3=+!?&'3@(4=>!(&!?&(3'&=A!/4>*3=(&=!74(!+&!.)&*4>&!$S<T'3=+&=!2&>>&=!
874@(!*&'3(4&P!)33:!\RRi]!?&'3@(4=>!)43!+&!X&+&*'3=+@&!9&*:>&)&*!3P!(&!
+*3>&=#!J7@@&=!/3==&=!&=!)*.79&=!248=!&*!>&&=!@4>=4P4L3=(&!)&*@LK4''&=!4=!
?&'3@(4=>?&(3'4=>#!
!
!
$#$%%&

=AE

BAD

<FAD

>>AE

B>AE

!
!

-9GG4&&%/0
1#2$

!

EA>

@A<

<<A>

>?A@

C=A>

!

CA= CA<

>@A@

@AB

@=AB

!

!
3#&4/
5*&0%24/67#4-4/4/
#84290

!
!
!
!

EAE

C>AC

BA=

>DAE

>FAD

>CAC
C?AB

DA<

?BA?

CAD

>DAB

>?

B@AD

BAE

=A>

BA=

@A@

!
-%/

!
!

82#*:

B<A@

>FA?

<?A>

B>A<

>CA@

>@A?

@AC

EAE

!
F,
;%A!`4&X!9/!Y4G42&%/G

>F,

<F,

!
!

;%A!89%!: 42104842!9/!N421#-)$&%/G

?F,

CF,

BF,

@F,

=F,

DF,

EF,

>FF,

;%A!`4&X!9/!N421#-)$&%/G

;%A!89%!: 42104842!9/!Y4G42&%/G

/44

: 44$6`40!91!/94$

!
[%).."-YDYE-L$,**6,-.-%+R2(',$+#$6*',%+)S-+**"-(%)"*,%$,$"(%T+S-8$"R2(',)"2$4-$+-)$'6*78,-a%+bcM/$"?-<:;<-FNNOI-P4'D$!

X4&(!3''&!*&@Q.=+&=(&=!+4&!948!>&q=(&*)4&9+!K&??&=A!9&(&=!+3(!93==&&*!248!
/4=+&*!+3=!2&@!/33=+&=!4=!X&+&*'3=+!9&*:&=!248!*&LK(!K&??&=!.Q!).''&+4>&!
?&'3@(4=>(&*7>>3)&#!`&!).'>&=+&!*&@Q.=+&=(!4@!+33*!9&'!)3=!.Q!+&!K..>(&#!
C&*+&*!)&*(&'(!K48!+3(!&*!:3=(.*&=!248=!933*!O..'@&!/&=@&=!(&*&LK(!:7==&=!
)..*!K&(!4=)7''&=!)3=!K7=!?&'3@(4=>P.*/7'4&*#!
!
Q5,3-%43S,"&D%/,*%-D,3**93-&,-D,9*'34"),"-+$$/->,-2**/-&*"-2$,3->4>-0,9-S,96**")463,-&$,"-D4>-&,-M,9*'34")&4,"'3-=-&,S,96&,-(/$A,&%/,-S$*9'-4"-Y$9,"J-5,3+,/'A#49-4'-&*3->,-#4,/-&**/+$$/-+4>6->**/-#,D3I-&%'->,-#$,63-#,3-"4,3-),94>7-3,-&$,"J<"-*9'->,-#,3-0493-A$2D4",/,"-2,3-4,2*"&-*"&,/'I-#$,6->,-"4,3-),3/$%0&-3,-S4>"JEZG-:**/-&**/-S4>"-Y$$9',-7*"3$/,"-+$$/J-[,-D,3**93-#,"-CN-,%/$-,"-S4>-+%99,"-#,3+$$/->,-4"J-<+,"-74>7,"-_"**/-(*(4,/,"-S$,7,"&I-P4'D$`Z47-#,D-(/,A4,'-CN-,%/$D,3**9&-,"-47-#,D-,,"-3,/%))*+,-+*"-8aWN-,%/$-),7/,),"JV-E/88G--

!

MU!

K4"*"A4m9,-'43%*34,-

`&!*&@Q.=+&=(&=!4@!..:!>&)*33>+!.P!248!Q&=@4.&=Q*&/4&!?&(3'&=#!`4(!
.=+&*9&*Q!?&K3=+&'&=!9&!4=!+&!).'>&=+&!Q3*3>*33P#!

=$+'%2$+4"$(%$H=!P4>77*!V#U!4@!(&!24&=!+3(!?48=3!&&=!:93*(!\DRi]!)3=!+&!/4>*3=(&=!>&&=!
Q&=@4.&=Q*&/4&!3P+*33>(!&=!+33*=33@(!=.>!&&=@!*74/!DD!Q*.L&=(!2&>(!+4(!=4&(!
(&!9&(&=!\GMi]!.P!&*!=4&(@!.)&*!94'!2&>>&=!\Ri]#!C3=!+&!/4>*3=(&=!+4&!9&'!
Q&=@4.&=Q*&/4&@!3P+*3>&=!\VNi!4=!(.(33']!+.&(!DD!Q*.L&=(!+4(!2&'P!4=!
X&+&*'3=+A!GV!Q*.L&=(!)43!+&!X&+&*'3=+@&!9&*:>&)&*!&=!?48=3!GI!Q*.L&=(!
+*33>(!Q&=@4.&=Q*&/4&!3P!4=!K&(!K&*:./@('3=+#!
!
!
<>AD

$#$%%&

>CAD

!

>B

<CA<

<<AB

!
!

-9GG4&&%/0
>=A@

1#2$

?BA=

!

>FA>
>@A?

>?A>

>BAB

<<A@

>=A?

<CA=

<CA>

<<A@

<@AF

!
!
<CA<
!

3#&4/

>DAE!

5*&0%24/67#4-4/4/
#84290

>>AB

!

>?A<

>?A<

<FA=

EAE

>=A<

!

?FA@

?<A<

>?AB

<BA?

>?AD

!
-%/

<<A>
!

82#*:

<FA?!
F,

;%A!`4&X!9/!Y4G42&%/G

!

>F,

!
!

>BA<
>BA?
<F,

;%A!89%!: 42104842!9/!N421#-)$&%/G

?F,

>BAC
>?A@
CF,

BF,

@F,

<<A@

<?A>

<=AB

<>A=
=F,

DF,

EF,

>FF,

;%A!`4&X!9/!N421#-)$&%/G

;%A!89%!: 42104842!9/!Y4G42&%/G

/44

: 44$6`40!91!/94$

!
[%).."-YDXE-L$,**6,-.-4$+'%2$+4"$(%$S-+**"-(%)"*,%$,$"(%T+S-8$"R2(',)"2$4-$+-)$'6*78,-a%+bc!"#$%&'()'&*++,-&./01#!
!

!
J7@@&=!/4++&''3=>&!&=!:.*(&!(&*/48=!/4>*3=(&=!4@!&*!>&&=!@4>=4P4L3=(!)&*@LK4'!
4=!K&(!33=+&&'!+3(!Q&=@4.&=Q*&/4&!3P+*33>(#!<*!4@!9&'!&&=!)&*@LK4'!4=!+&!9482&!
933*.Q!/&=!Q&=@4.&=Q*&/4&!?&(33'(#!C3=!+&!/4++&''3=>&!(&*/48=!/4>*3=(&=!
2&>(!&&=!@4>=4P4L3=(!>*.(&*!+&&'!2&'P!\4=!X&+&*'3=+]!Q&=@4.&=Q*&/4&!(&!?&(3'&=!
+3=!)3=!+&!:.*(&!(&*/48=!/4>*3=(&=#!W48:&=!9&!=33*!)&*@LK4''&=!(7@@&=!
K&*:./@(>*.&Q&=!+3=!?'48:(!+3(!&*!/&(!=3/&!.=+&*!+&!O..'@&!/4>*3=(&=!)&&'!
.=+74+&'48:K&4+!4@!.)&*!+&!3P+*3LK(!)3=!Q&=@4.&=Q*&/4&#!$&&*!+3=!&&=!:93*(!

MI!

5$$6&'3%7-W-

)3=!+&!O.'&=!9&&(!=4&(!.P!&*!Q*&/4&!9.*+(!3P>&+*3>&=#!`3(!4@!&&=!@4>=4P4L3=(!
>*.(&*!+&&'!+3=!.=+&*!+&!/4>*3=(&=!74(!-7'>3*48&!&=!1.&/&=4Z!&=!+&!.)&*4>&!
$S<T'3=+&=#!J7@@&=!/3==&=!&=!)*.79&=!248=!&*!>&&=!@4>=4P4L3=(&!)&*@LK4''&=!
4=!K&(!33=+&&'!+3(!Q*&/4&!3P+*33>(!.P!+&!9482&!933*.Q!+&2&!9.*+(!
3P>&+*3>&=#!
Y4(!+&!>&@Q*&::&=!/&(!/4>*3=(&=!?'48:(!+3(!+&!.)&*>*.(&!/&&*+&*K&4+!
@'&LK(!>&q=P.*/&&*+!4@!.)&*!K&(!X&+&*'3=+@&!Q&=@4.&=@(&'@&'#!C.'>&=@!&&=!
*&@Q.=+&=(!K&&P(!K&(!>&?*&:!33=!:&==4@!&*/&&!(&!/3:&=!+3(!+&!*&L&=(&!
3*?&4+@/4>*3=(&=!&*)3=!74(>33=!+3(!248!K4&*!@'&LK(@!:.*(!27''&=!?'48)&=#!
`33*+..*!+&=:&=!248!+3(!K&(!9&4=4>!74(!23'!/3:&=!3'@!248!&&=!33=(3'!/33=+&=!
>&&=!Q&=@4.&=!.Q?.79&=!/33*!.=+&*(7@@&=!)&*@(*48:(!+&!(48+!&=!248=!248!=.>!
@(&&+@!K4&*!33=!K&(!9&*:&=!2.=+&*!(&!9&(&=!K.&!K&(!/&(!K7=!Q&=@4.&=!24(#!
C&*+&*!)&*(&'(!&&=!@&42.&=@3*?&4+&*!+4&!K4&*!3'!=&>&=!833*!:./(A!+3(!+&!
X&+&*'3=+@&!9&*:>&)&*!K&/!=.>!@(&&+@!=4&(!74(>&'&>+!K&&P(!.P!K48!9&'!.P!
>&&=!Q&=@4.&=Q*&/4&!)..*!K&/!3P+*33>(#![48!?&>4=(!24LK!.=+&*K3=+!K4&*!
2.*>&=!.)&*!(&!/3:&=#!
!
Q</-0$/&3-0,9-0*3-+*"-24>"-/,7,"4")-*6),#**9&-2**/-,,/94>7-),S,)&-0,,3-47-#,3"4,3-(/,A4,'J-:**/-#,3-'A#4>"3-&*3-*9'->,-#4,/-+4>6->**/-0,/73-&*3->,-&*"-9*3,/-4,3'+*"-,,"-D*'4'(,"'4$,"-#,D3J-<"-47-#,D-),,"-4&,,-"**/-0,97,-6$"&'Z-!7-S*9->,,,/94>7-+,/3,99,"-&*3-&,-2,,'3,-2,"',"-#4,/"**/3$,-7$2,"-2,3-#,3-4&,,-c47-)*#4,/-CIa-2**"&,"-0,/7,"-,"-&*"-)*-47-3,/%)-"**/-#%4'fI-2**/-S,-4"+,'3,/,"),,"-34>&-$2-*A#3,/-S%97,-4"6$/2*34,-3,-7$2,"J-<"-9*3,/-D94>73-&*3-S,-FIC->**/D94>+,"-,"->,-#,D3-"$)-'3,,&'-&,S,96&,-**"(*7?-c47-)*-D4"","7$/3-0,)J-!7-&,"7#4,/-0,9-4"-Y$9,"-$+,/-"*J-X%'-0,-D94>+,"-&,-7$"4")4"-$"&,/#$%&,"-_9*A#,"&IP4'D$`JV-E/FNG!

!

QX43-4'-+$$/-24>-$$7-"4,3-,/)-&%4&,94>7J-X*3-049&,-47-$$7-**"->$%-+/*),"J-!7-#,D24>"-0,/7),+,/-,,"-7,,/-),+/**)&-c#$,-S43-#,3-2,3-24>"-(,"'4$,"pfI-2**/-#4>S,4-&*3-0,-#,3-,/-'",9-$+,/-S$%&,"-#,DD,"J-:**/-47-2**7-2,-,/-"$)-'3,,&'-,,"D,,3>,-S$/),"-$+,/J-!7-0,/7-#4,/-*9-",),"->**/I-,,"-**"3*9-2**"&,"-(,/->**/J-!7049-'3/*7'-24>"-(,"'4$,"-+*"-T,&,/9*"&-$"3+*"),"J-5$,-4'-&43-3,-/,),9,"p-!7-049#4,/-2,3-(,"'4$,"-7%"","-)**"I-$$7-*9-#,D-47-),,"-+*'3-A$"3/*A3J-!7-049'"*((,"-$6-24>"-0,/7),+,/-'4"&'-47-#4,/-D,"-D,)$"","-3,-0,/7,"-24>"(,"'4$,"(/,24,-D,3**9&-#,,63J-!7-#,D-#,3-#,2-*9-),+/**)&I-2**/-),,"*"30$$/&JV-E/NOG-

!
H=!+&!).'>&=+&!Q3*3>*33P!).'>(!&&=!:.*(&!@3/&=)3((4=>!)3=!+4(!K..P+@(7:#!!

YDX!

V*($+9*,,%+)-`&!$S<T'3=+&*@!4=!.=@!.=+&*2.&:!)&*+4&=&=!>&/4++&'+!GRME!&7*.!?*7(.!Q&*!
/33=+#![4&*!K.7+&=!248!>&/4++&'+!GGRE!&7*.!=&((.!33=!.)&*#!O&*!77*!

MM!

K4"*"A4m9,-'43%*34,-

)&*+4&=&=!+&!*&@Q.=+&=(&=!>&/4++&'+!FAIE!&7*.!?*7(.#!53=>&!(&*/48=!
/4>*3=(&=!)&*+4&=&=!/&&*!+3=!:.*(&!(&*/48=!/4>*3=(&=A!O.'&=!)&*+4&=&=!
/4=+&*!+3=!/4>*3=(&=!74(!-7'>3*48&!&=!1.&/&=4Z!&=!)*.79&=!/4=+&*!+3=!
/3==&=#!`&2&!4=:./&=@)&*@LK4''&=!248=!+&&'@!K&(!>&).'>!)3=!K&(!)&*@LK4'!4=!
3*?&4+@/3*:(Q.@4(4&!)3=!+&!+4)&*@&!>*.&Q&=#!6.!9&*:(!&&=!*&'3(4&P!>*..(!+&&'!
)3=!+&!O..'@&!/4>*3=(&=!3'@!@&42.&=@3*?&4+&*!4=!+&!'3=+?.79A!&&=!@&L(.*!/&(!
2&&*!)&&'!'33>>&:93'4P4L&&*+!&=!'33>?&(33'+!9&*:#!$4>*3=(&=!74(!+&!.)&*4>&!
$S<T'3=+&=!9&*:&=!874@(!*&'3(4&P!)33:!4=!3=+&*&!@&L(.*&=!933*!\4&(@]!/&&*!
9.*+(!?&(33'+#!`33*=33@(!9&*:&=!*&'3(4&P!)&&'!-7'>3*&=!&=!1.&/&=&=!)..*!
&4>&=!*&:&=4=>A!(&*948'!*&'3(4&P!)&&'!O.'&=!4=!+4&=@(!248=!?48!&&=!74(2&=+?7*&37#!!
!

<&=!33=24&='48:!+&&'!)3=!4=:./@(&=!>33(!.Q!33=!9..='3@(&=!&=!:.@(&=!

)..*!'&)&=@.=+&*K.7+#!J.LK!@'33>(!+&!>&/4++&'+&!/4>*3=(!&*4=!./!(&!@Q3*&=!
&=!+33*=33@(!>&'+!=33*!K74@!(&!@(7*&=#!!
!

`&!K74+4>&!P4=3=L4Z'&!@4(73(4&!)3=!+&!/4>*3=(&=!4@!>&/4++&'+!>&=./&=!

?&(&*!+3=!4=!K&(!K&*:./@('3=+#!C..*!/&&*!+3=!+&!K&'P(!)3=!+&!*&@Q.=+&=(&=!
4@!+&!@4(73(4&!=7!\33=24&='48:]!)&*?&(&*+!(&=!.Q24LK(&!)3=!+&!P4=3=L4Z'&!@4(73(4&!
4=!K&(!'3=+!)3=!K&*:./@(#!
!

`&!.)&*>*.(&!/&&*+&*K&4+!)3=!+&!*&@Q.=+&=(&=!K&&P(!&&=!

24&:(&:.@(&=)&*2&:&*4=>A!933*)3=!+&!/&&@(&!4=!X&+&*'3=+#!174/!GG!Q*.L&=(!
4@!=33*!&4>&=!2&>>&=!=4&(!)&*2&:&*+!(&>&=!24&:(&:.@(&=#!$&&*!+3=!MV!Q*.L&=(!
)3=!+&!$S<T'3=+&*@!?&(33'(!=33*!&4>&=!2&>>&=!?&'3@(4=>#!-48=3!U!Q*.L&=(!
?&(33'(!>&&=!?&'3@(4=>!&=!?48=3!M!Q*.L&=(!)3=!+&!*&@Q.=+&=(&=!9&&(!K&(!=4&(!
.P!94'!&*!=4&(@!.)&*!2&>>&=#!`33*&=(&>&=!+*33>(!@'&LK(@!4&(@!/&&*!+3=!+&!
K&'P(!)3=!+&!/4>*3=(&=!Q&=@4.&=Q*&/4&!3P#!<*!4@!/&(!=3/&!.)&*!+&!3P+*3LK(!
)3=!Q&=@4.&=Q*&/4&!)&&'!.=+74+&'48:K&4+#!174/!&&=!:93*(!)3=!+&!O.'&=!2&>(!
?48)..*?&&'+!=4&(!(&!9&(&=!.P!&*!Q&=@4.&=Q*&/4&!9.*+(!3P>&+*3>&=#!
!

MF!

Z225&',.R-X!

XD>!

]2+$+-

U+6$%&%+)H=!+4(!K..P+@(7:!@(33(!+&!K74@)&@(4=>@4(73(4&!)3=!.=2&!$S<T'3=+&*@!L&=(*33'#!
<*!9.*+(!33=+3LK(!?&@(&&+!33=!+&!(dQ&=!K74@)&@(4=>!&=!9..=@4(73(4&!
\Q3*3>*33P!U#D]!&=!+&!(&)*&+&=K&4+!/&(!+&!9.=4=>!&=!+&!9..=9&=@&=!)3=!+&!
3*?&4+@/4>*3=(&=!\Q3*3>*33P!U#N]#!H=!Q3*3>*33P!U#R#!>33=!9&!4=!.Q!+&!
>&/4++&'+&!K77*Q*482&=!)3=!+&!9.=4=>&=!&=!+&!9..=*&>4._@#!H=!Q3*3>*33P!U#V!
Q'33(@&=!9&!+&!K74@)&@(4=>@4(73(4&!4=!Q&*@Q&L(4&P!+..*!.#3#!@'&7(&'Q&*@.=&=!
33=!K&(!9..*+!(&!'3(&=#![&(!K..P+@(7:!9.*+(!3P>&@'.(&=!/&(!&&=!
@3/&=)3((4=>!\Q3*3>*33P!U#U]#!!

XDG!

]2+%+)$+%&!K&??&=!.=2&!*&@Q.=+&=(&=!)&*@LK4''&=+&!)*3>&=!>&@(&'+!.)&*!K7=!
K74@)&@(4=>@@4(73(4&#!`&!*&@7'(3(&=!K4&*)3=!9.*+&=!4=!.=+&*@(33=+&!(3?&'!
?&@LK*&)&=!\(3?&'!U#G]#!%3==&&*!9&!=33*!+&!9..=@4(73(4&!)3=!.=2&!
*&@Q.=+&=(&=!:48:&=A!24&=!9&!+3(!K&(!/&*&=+&&'!4=!&&=!:3/&*!\RDi]!.P!4=!
&&=!2&'P@(3=+4>&!9..=*74/(&!\NMi]!9..=(#!0'&LK(@!&&=!:'&4=!+&&'!9..=(!
?48)..*?&&'+!4=!&&=!K.(&'!.P!Q&=@4.=!\GGi]!.P!4=!&&=!L3*3)3=j!9..=93>&=!
\Ni]!.P!*&L*&3(4&j!)3:3=(4&9.=4=>!\Vi]#!
!

C3=!+&!/4++&''3=>&!(&*/48=!/4>*3=(&=!9..=(!&&=!>*.(&*!>&+&&'(&!4=!&&=!

2&'P@(3=+4>&!9..=*74/(&!\UEi]!+3=!)3=!+&!/4>*3=(&=!+4&!K4&*!:.*(&*!248=!
\NGi]#!`&2&!'33(@(&!9.=&=!)3:&*!.Q!&&=!:3/&*!\RUi!)3=!+&!:.*(&!(&*/48=!
/4>*3=(&=!)&*@7@!DIi!)3=!+&!'3=>&!(&*/48=!/4>*3=(&=]#!!
!

<&=!/4=+&*K&4+!)3=!+&!*&@Q.=+&=(&=!K.&P(!248=!@'33Q:3/&*!=4&(!(&!+&'&=!

.P!3''&&=!/&(!248=!Q3*(=&*!\DDi]#![&(!>*..(@(&!+&&'!)3=!+&!3*?&4+@/4>*3=(&=!
+&&'(!248=!@'33Q:3/&*!/&(!ll=!4&/3=+!3=+&*@!+4&!=4&(!248=j!K33*!Q3*(=&*!4@!
\RUi]#!-48=3!&&=!:93*(!\DNi]!+&&'(!248=!:3/&*!/&(!(9&&!3=+&*&!/&=@&=A!
?48=3!&&=!(4&=+&!\Fi]!/&(!/&&*!+3=!+*4&!3=+&*&=#!`&!/4>*3=(&=!+4&!K4&*!3'!
93(!'3=>&*!248=!K&??&=!)3:&*!&&=!@'33Q:3/&*!)..*!24LK2&'P!\&=!&)&=(7&'&!
Q3*(=&*]!+3=!+&!:.*(&!(&*/48=!/4>*3=(&=!\NGi!(&=!.Q24LK(&!)3=!DEi]#!

FG!

5$$6&'3%7-i-

!
!
-),#/!O7P!9!Q..*&%';)'%#!*))(!'=>#!<%$()*'?!1#(@.<&'$(.#>!#*!$#&/)01'!A%*!BC!
!!
!
Q..*&%';)'%#!
[K!44/!1%-42!
]/!`4&X)$%/G904!:##/2*9-$4!
]/!44/!24M24%$94!#X!8%1%/$94:#/9/0!
]/!44/!M%2%8%/A!:##/:%04/!
]/!44/!N#$4&6!N#)$4&6!K4/)9#/!
\/G42)!
!
R#'!1.#J##/!>#(&.*#*!5##/'!;!;E!&/))>@)<#(F!
F!#X!-4$!K%2$/42!
>!%/G42!K42)##/!
<!%/G424/!
?!%/G424/!4/!-442!
!

$#$%%&!
!!
!
C>AE!
?=A@!
BA>!
?A<!
>FA@!
>A@!
!
!
<<A?!
CBAE!
<<AD!
EA>!
!

-.&%/0!
!!
!!
<@A@!
@FA>!
?AD!
>A?!
=A@!
FA@!
!!
!!
?>A?!
CDA>!
>?AF!
=A@!
!!

1#2$!
!!
!!
C@AC!
?FAE!
BAB!
?AD!
>>AB!
>AE!
!!
!!
>EAD!
CBA<!
<BAC!
EAB!
!!

3#&4/!
!!
!
C<AD!
??A>!
@A?!
<AC!
>CAF!
>AC!
!
!
>=AB!
C=AD!
<CA@!
>FA<!
!

5*&67#4!
!!
!
CFA=!
B>AE!
>AE!
FAE!
<AD!
>AE!
!
!
C?AB!
<DA<!
<>A<!
=A>!
!

#84290!
!!
!
?=AE!
C@AF!
<A?!
>FA?!
>A>!
<A?!
!
!
<@AE!
B?AD!
>CA>!
BA>!
!

-%/!
!!
!!
C>A=!
?BAD!
CAE!
?A@!
>>AB!
<A@!
!!
!!
<BA@!
CFAE!
<?A?!
>FA>!
!!

82#*:!
!!
!
CFAE!
CFAE!
BA?!
<AD!
EA@!
FAC!
!
!
>DAE!
B<AD!
<FAB!
=AE!
!

!"#$%&'()'&*++,-&./01#&

!
J3?&'!U#D!'33(!24&=!+3(!+&!/&&*+&*K&4+!)3=!+&!*&@Q.=+&=(&=!248=!K74+4>&!
9.=4=>!>&).=+&=!K&&P(!)43!248=!9&*:>&)&*!\DFi]!.P!)43!K&(!74(2&=+?7*&37!
\DGi]#!-48=3!ll=!.Q!+&!)48P!)3=!.=2&!*&@Q.=+&=(&=!\GMi]!:./(!)43!)*4&=+&=j!
:&==4@@&=!33=!248=!9.=4=>#!<&=!2&&*!:'&4=!+&&'!)3=!+&!*&@Q.=+&=(&=!\/4=+&*!
+3=!Gi]!:93/!)43!+&!>&/&&=(&!33=!248=!9.=4=>#!
!
-),#/!O78!9!G#*<#(@#*!1;%&J#&'%*$!*))(!'=>#!<%$()*'?!1#(@.<&'$(.#>!#*!$#&/)01'!A%*!BC!
!!
!
G..>!.3!1;;(E.*%*$!
W41#MN$!
W4N**2G!
!
:.#!@.<'!;!))*!;E!E.*%*$F!
59;!K%2$/42!9/04$2#114/!
R9%!X%-9&94!
R9%!8294/G4/6!14//9))4/!
R9%!:42104842!
R9%!*9$`4/G(*24%*!
R9%!04-44/$4!
R9%!-%14&%%2!
R9%!(4-9GG4&%%2!
R9%!G4!12%/$6!9/$42/4$!048#/G4/!
!_4&X!2#/G0482%%0G!
!Y#0!044/!N*9)84)$9/0!048#/G4/!
!\/G42)A!/%-4&9;1!

$#$%%&!
!!
!
DA>!
E>AE!
!
!
BAE!
BA@!
>DA<!
<EA>!
<>A?!
FA=!
=AB!
<AF!
CA?!
>AE!
>A<!
<A<!

-.&%/0!
!!
!!
><AD!
D=A<!
!!
!!
@A?!
CAC!
>=A@!
<?AE!
>?AD!
>AE!
>>AE!
?AD!
=AB!
BAF!
FAF!
?AD!

1#2$!
!!
!!
@A=!
E?A?!
!!
!!
BAD!
@AF!
>DAC!
?FA@!
<?AB!
FAC!
@A<!
>AB!
?AC!
FAE!
>AB!
>A=!

3#&4/!
!!
!
@AD!
E?A<!
!
!
BA>!
CAB!
>CAD!
??AB!
<@AD!
FA@!
BAB!
FAD!
?A<!
<AF!
>A<!
<AF!

5*&67#4!
!!
!
>>A=!
DDA?!
!
!
=A>!
>>A@!
<EAB!
<<A?!
FAE!
FAE!
>>A@!
CAB!
BAC!
>AD!
>AD!
<A=!

#84290!
!!
!
>>AF!
DEAF!
!
!
EA?!
CA=!
<?A?!
><AD!
>@A?!
>A<!
>CAF!
BAD!
EA?!
>A<!
FAF!
<A?!

-%/!
!!
!!
DA=!
E>A?!
!!
!!
<AD!
BAC!
>EA?!
<EAF!
<<A>!
FAD!
=A=!
<A?!
CA@!
<A?!
>A?!
<A?!

82#*:!
!!
!
=AD!
E<A<!
!
!
>FA<!
@AF!
>=A<!
<DAD!
<FAC!
FA=!
=AC!
>AC!
CA<!
>AC!
FA=!
>AD!

!"#$%&'()'&*++,-&./01#&

!
C&*+&*!24&=!9&!4=!(3?&'!U#N!+3(!+&!K&'P(!)3=!+&!3*?&4+@/4>*3=(&=!:.*(&*!+3=!
2&@!/33=+&=!.Q!248=!K74+4>&!3+*&@!9..=(#!174/!&&=!:93*(!\DUi]!9..=(!&*!

FD!

e$","-

4=/4++&'@!(7@@&=!+&!2&)&=!&=!+&!(933'P!/33=+&=#!`&!*&@(!9..=(!'3=>&*!+3=!
&&=!833*!4=!K7=!9.=4=>#!!
!
-),#/!O76!9!Q..*5;;(!*))(!'=>#!<%$()*'?!1#(@.<&'$(.#>!#*!$#&/)01'!A%*!BC!
!!
Q..*5;;(!
F!$6-!@!-%%/G4/!
=V><!-%%/G4/!
>!$#$!<!;%%2!
<!$#$!C!;%%2!
C!;%%2!4/!&%/042!

$#$%%&!
!
CEAE!
<@A>!
>CA@!
=A?!
<A>!

-.&%/0!
!!
<@AB!
<CAD!
<EA>!
>DAD!
FAE!

1#2$!
!!
B=A=!
<@A@!
EA=!
?AC!
<A@!

3#&4/!
!
B>A<!
<CA=!
>CAD!
=A=!
>AB!

5*&67#4!
!
?=A<!
??A?!
<FAB!
BA>!
?AD!

#84290!
!
BDAB!
<CA@!
@A<!
=A=!
?A>!

-%/!
!!
B<A=!
<<A=!
>CAF!
=A<!
?AC!

82#*:!
!
C@A>!
?FA>!
>@A>!
=A?!
FAB!

!"#$%&'()'&*++,-&./01#&

!
<=:&'&!>&q=(&*)4&9+&!*&@Q.=+&=(&=!K&??&=!/&&>&/33:(!+3(!2&!=3!
(&*7>:./@(!)3=!)3:3=(4&!=4&(!/&&*!K7=!.7+&!9..=*74/(&!:.=+&=!?&(*&::&=#!
`&2&!93@!4=/4++&'@!33=!4&/3=+!3=+&*@!)&*K77*+#!<&=/33'!(&*7>!4=!
X&+&*'3=+!:*&>&=!248!&&=!3=+&*&!9.=4=>!33=>&?.+&=#!!
!
Qe*"",,/->,-$(-+*7*"34,-)**3I-#,D->,-"4,3-&,-S,7,/#,4&-&*3-#,3-D,&/4>6->,&,S,96&,-0$"4")-),,63-+*"0,),-&,-7$'3,"J-U,-(/$D,/,"-S$+,,9-2$),94>7-2,"',"+$$/-S$-24"-2$),94>7-7$'3,"-$"&,/&*7-3,-D4,&,"J-EZJG-!7-0,,3-"4,3-0*3-,/-2,3#%"-'(%99,"-),&**"-0$/&3-_0*"",,/-S,-*"&,/,-2,"',"-4"-&,-0$"4")-(9**3',"IP4'D$`\-24''A#4,"-9*3,"-S,-#,3-94)),"-$6-0$/&3-#,3-0,)),)$$4&J-1$224),2,"',"-#%/,"-%43-0*"#$$(-,,"-9,),-0$"4")-,"-S,33,"-,/-#%"-'(%99,"-",,/-_+$$/&,-34>&-&*3-S4>-$(-+*7*"34,-S4>"I-P4'D$`JV-E/FNG--

!
C..*!+&!/&&@(&!)3=!+&!>&q=(&*)4&9+&!*&@Q.=+&=(&=!*&>&'(!K&(!74(2&=+?7*&37!
+&!K74@)&@(4=>A!+4&!+&!K77*!@3/&=!/&(!K&(!@3'3*4@!33=!K&=!+..*?&*&:&=(#!
0.//4>&!*&@Q.=+&=(&=!>&)&=!33=!'4&)&*!2&'P!K7=!K74@)&@(4=>!(&!94''&=!
*&>&'&=!\24&!..:!K..P+@(7:!R]#!$&&*+&*&!*&@Q.=+&=(&=!>33=!&*)3=!74(!+3(!248!
>.&+:.Q&*!74(!2.7+&=!248=!3'@!248!.=3PK3=:&'48:!)3=!K&(!74(2&=+?7*&37!&&=!
9..=*74/(&!2.7+&=!K7*&=#!S=+&*@(33=+&!*&@Q.=+&=(!94'!?74(&=!K&(!
74(2&=+?7*&37!./!&&=!&4>&=!3QQ3*(&/&=(!K7*&=A!./+3(!K48!>.&+:.Q&*!74(!
+&=:(!(&!248=!&=!K&(!K&/!+&!)*48K&4+!K&&P(!3=+&*!9&*:!(&!>33=!2.&:&=#!!
!
QU$9*")-47-),,"-*((*/3,2,"3-#,DI-)*-47-"4,3-"**/-,,"-*"&,/,-D**"-S$,7,"0*"3I-0,,3->,I->,-7%"3-"4,3-+*"-D**"-+,/*"&,/,"-*9'->,-4"-#,3-*((*/3,2,"3-+*"#,3-D%/,*%-0$$"3J-@9'-47-,,"-*((*/3,2,"3-+4"&I-)*-47-S,96-$(-S$,7-"**/-,,"D**"J-EZG-X*"-D,)4"-47-2,3-%43S,"&D%/,*%'I-T,&,/9*"&',I-&4,-&4A#3D4>-S4>"J-EZGe,,3->,I-47-&,"7-&*3-#,3-9$$"-D,3,/-4'-D4>-T,&,/9*"&',-%43S,"&D%/,*%'-,"-&*"#*9,"-S,-$$7-),,"-),9&-+$$/-&,-#%%/-+*"->,-),9&-*6-]-"4,3-S$+,,9-S$*9'-D4>D%/,*%'-_+$$/-%43S,"&7/*A#3,"-&4,-*/D,4&'24)/*"3-S4>"I-P4'D$`Z&*"-S$%->,-2,,/&*"-8NNN-,%/$-",33$-2$,3,"-7/4>),"JV-E/N8G-

!
`&!/&&@(&!>&q=(&*)4&9+&!*&@Q.=+&=(&=!+4&!)43!&&=!74(2&=+?7*&37!9&*:&=A!
&&=!&=:&'&!74(2.=+&*4=>!+33*>&'3(&=A!>&)&=!33=!+3(!K&(!?7*&37!K&=!>&&=!

FN!

5$$6&'3%7-i-

?&Q&*:4=>&=!.Q'&>(!3'@!K&(!>33(!./!K&(!K7*&=!)3=!9..=*74/(&!?74(&=!K&(!
74(2&=+?7*&37!./#!<=:&'&!>&q=(&*)4&9+&!*&@Q.=+&=(&=!)4=+&=!K&(!&&=!>*..(!
=3+&&'!+3(A!93==&&*!2&!&&=!&4>&=!9.=4=>!2.7+&=!K&??&=A!2&!..:!2&'P!)..*!
)&*).&*!2.7+&=!/.&(&=!>33=!2.*>&=#!!
!
Qe,-7%"","-"4,3-S,96-4,3'-#%/,"JV-E/8aGQ;2&*3-,/-,,"-(/$D9,,2-4'-2,3-+,/+$,/J-!7-2$,3-"**/-#,3-#$3,9-7%"","-7$2,"I,97,-&*)J-<"-47-#,D-),,"-/4>D,04>'J-U,-7%"","-2,-0,9-+*"-#,3-#$3,9-"**/-#,30,/7-D/,"),"-2**/-47-2$,3-S,96-,97,-&*)-"**/-#,3-#$3,9-7$2,"JV-E/8WG-

!
J9&&!*&@Q.=+&=(&=!>&)&=!33=!+3(!2&A!.=+3=:@!+3(!+&!K74@)&@(4=>!)43!K&(!
74(2&=+?7*&37!'4&QA!(&!/3:&=!K&??&=!>&K3+!/&(!&&=!K74@8&@/&':&*#!C.'>&=@!
K&=!K&&P(!+&!K74@8&@/&':&*!?.&(&@!>&:*&>&=!./+3(!+&!3QQ3*(&/&=(&=!+4&!K48!
)&*K77*+&A!=4&(!).'+&+&=!33=!+&!)&4'4>K&4+@&4@&=!&=!./+3(!&*!(&!)&&'!/&=@&=!
.=+&*>&?*3LK(!93*&=!4=!+&!9.=4=>&=#!!
!
Qe4>-0,/7,"-+$$/-_%43S,"&D%/,*%-hI-P4'D$`-,"-h-#,,63-,,"-&,*9-2,3-,,"2*7,9**/-,"-&4,-S$,7,"-_#%4'+,'34")I-P4'D$`J-5,3-)**3-D4>+$$/D,,9&-*9'-+$9)3\4,2*"&-+*"-h-D,93\-Qe,-S$,7,"-,,"-*((*/3,2,"3-+$$/-W-(,/'$","VJ-<"-&*"S,)),"-S,-_#,3-2*7,9**/'7*"3$$/I-P4'D$`-D4>+$$/D,,9&I-Q0,-#,DD,"-,,"*((*/3,2,"3-+$$/-F-(,/'$","I-2**/-0,-S$%&,"-,/-W-4"-7%"","-'3$((,"VJ-<"-&*34'-#$,-#,3-,/**"-3$,-)**3-4"-&4,-D%'4",''JV-E/8FGQX4,-2*7,9**/-#,,63-*9-,,"-(**/-D$,3,'-),7/,),"-+*"-&,-),2,,"3,JV-E/88G-

XD@!

^$9"$&$+8$%&<&=!/&&*!@7?8&L(4&)&!)*33>!4@!4=!K.&)&**&!/&=!(&)*&+&=!4@!/&(!+&!K74+4>&!
9.=4=>#!H=!.=+&*@(33=+!P4>77*!24&=!9&!+3(!+&!K&'P(!)3=!+&!3*?&4+@/4>*3=(&=!
\2&&*]!(&)*&+&=!4@!/&(!K7=!9.=4=>!\VEi]#!-48=3!&&=!:93*(!\DRi]!4@!\2&&*]!
.=(&)*&+&=!/&(!+&!9.=4=>#!!
`&!:.*(&!(&*/48=!/4>*3=(&=!248=!@4>=4P4L3=(!)3:&*!.=(&)*&+&=!/&(!K7=!K74+4>&!
9.=4=>!+3=!+&!/4>*3=(&=!+4&!K4&*!3'!93(!'3=>&*!248=#!%3==&&*!9&!+&!
/4>*3=(&=>*.&Q&=!)&*>&'48:&=!24&=!9&!+3(!+&!1.&/&=&=!&=!-7'>3*&=!
>&/4++&'+!)3:&*!(&)*&+&=!248=!+3=!+&!O.'&=!&=!+&!.)&*4>&!$S<T'3=+&*@#!
!

C&*).'>&=@!K&??&=!9&!?&:&:&=!4=!K.&)&**&!+&!(&)*&+&=K&4+!@3/&=K3=>(!

/&(!K&(!(dQ&!9.=4=>!933*4=!/&=!9..=(!&=!K&(!33=(3'!/&=@&=!933*/&&!/&=!
248=!:3/&*!+&&'(#!!

FR!

e$","-

!
!

=AE

$#$%%&

>BA@

<@A@

CFA?

EA@

!
!
-9GG4&&%/0

@AE

1#2$

DA<

!
EAC

<<A@

!

CBAE

>=AB

!

>BA>

<=AD

?DA@

DAF

!
3#&4/

!>@A>

BAB

5*&0%24/67#4-4/4/

><AF

!
!

<EA>

DA?

<FAC

>@AB !

#84290!H[P

?DAD

>FA@

B>AE

<<AC

=AC

<FAF

?CA>

=A>

!
!

-

H%/

=A<

R2#*:

DAB
F,

-

!

>BAD

?FAF

! >BA<
!!

>F,

<F,

`442!#/$4824G4/

?=A=

<>A@
?F,

EA?

CCAF
CF,

#/$4824G4/

BF,

/4*$2%%&

@F,

$4824G4/

=F,

>FA@
DF,

EF,

>FF,

`442!$4824G4/

[%).."-XD>E-^$9"$&$+8$%&-($,-P2+%+)-+**"-,K4$-(%)"*+,S-8$"R2(',)"2$4-$+-)$'6*78,-a%+-bc-M/$"?-<:;<-FNNOI-P4'D$!

H=!P4>77*!U#D!:7==&=!9&!24&=!+3(!+&!*&@Q.=+&=(&=!+4&!4=!&&=!2&'P@(3=+4>&!
9..=*74/(&!9.=&=!K&(!/&&@(!(&)*&+&=!248=!/&(!K7=!9..=*74/(&#!$33*!'4&P@(!
(9&&+&*+&!4@!\2&&*]!(&)*&+&=!/&(!K7=!2&'P@(3=+4>&!9..=*74/(&#!!
C&*).'>&=@!248=!+&!*&@Q.=+&=(&=!4=!&&=!K.(&'j!K.@(&'j!Q&=@4.=!*&'3(4&P!K&(!
/&&@(!Q.@4(4&P!.)&*!K7=!9..=*74/(&!\RRi!4@!K4&*)3=!\2&&*]!(&)*&+&=]#!C3=!
+&!/&=@&=!+4&!.Q!&&=!:3/&*!9.=&=!248=!D!.Q!+&!V!*&@Q.=+&=(&=!\2&&*]!
(&)*&+&=!\RGi!4@!K4&*)3=!\2&&*]!(&)*&+&=]#!<&=!:93*(!4@!&LK(&*!\2&&*]!
.=(&)*&+&=!.)&*!+4&!9..=*74/(&#!$4=+&*!Q.@4(4&P!248=!+&!*&@Q.=+&=(&=!+4&!4=!
&&=!*&L*&3(4&!.P!)3:3=(4&9.=4=>!9.=&=#!-48=3!RE!Q*.L&=(!4@!\2&&*]!
.=(&)*&+&=#!C&*74(!K&(!/&&@(!=&>3(4&P!248=!+&!*&@Q.=+&=(&=!+4&!4=!&&=!
L3*3)3=!.P!9..=93>&=!9.=&=#!$33*!'4&P@(!.=>&)&&*!&&=!:93*(!\DRi]!4@!K4&*!
2&&*!.=(&)*&+&=!.)&*!&=!=.>!&&=@!&&=!+&*+&!.=(&)*&+&=#!<*!4@!>&&=!&=:&'&!
*&@Q.=+&=(!+4&!4=!&&=!L3*3)3=!.P!9..=93>&=!9..=(!+4&!2&>(!K4&*!2&&*!
(&)*&+&=!.)&*!(&!248=#!!
!

H=!P4>77*!U#D!:7==&=!9&!)&*+&*!24&=!+3(!K.&!/&&*!:3/&*>&=.(&=!/&=!

K&&P(A!K.&!)3:&*!/&=!.=(&)*&+&=!4@!/&(!248=!9..=*74/(&#!!

FV!

5$$6&'3%7-i-

!
!
[K!44/!1%-42!

=AB

]/!`4&X)$%/G904!: ##/2*9-$4!

EA>

!

]/!44/!24M24%$94!#X!8%1%/$94: #/9/0 ?AF
]/!44/!M%2%8%/A!: ##/: %04/

<?AD

]/!44/!N#$4&6!N#)$4&6!K4/)9#/ CA?

>?AF

F!#X!-4$!K%2$/42

BA?

>?AF

>!%/G42!K42)##/

@AE

<!%/G424/

DA>

!

-

@A>

<>A<

??A?

?@AC

!

>=AF

BFA@

>BAC

=AE

CA?

?@A?

?<A=

>EA<

>CA?

<DA@

??A?

DA=

?CAD

?EA>

-

?!%/G424/!4/!-442

>?A<

W41#MN$

>CAE

><AF

C<A=

<CAB

>?AE

><A<

CDA>

<>AC

?=AF

<FA=

<CAB

<DA?

?>AE

<A<

?FA<

?AD

-

W4N**2G

=A=

F,

>BAF
<F,

<?AC

B>A>

<A> DAB

DAC

CFAC

<DA@
CF,

@F,

DF,

$4824G4/

`442!$4824G4/

>FF,

-

`442!#/$4824G4/

-

#/$4824G4/

/4*$2%%&

[%).."-XDGE-^$9"$&$+8$%&-($,-P2+%+)-+**"-R$+($"R$+-8.%'9$',%+)-a%+-bcM/$"?-<:;<-FNNOI-P4'D$!

Y4(!P4>77*!U#N!)3'(!.Q!(&!/3:&=!+3(!*&@Q.=+&=(&=!+4&!)43!&&=!74(2&=+?7*&37!
33=!K7=!9.=4=>!248=!>&:./&=!K&(!/4=@(!(&)*&+&=!248=!.)&*!K7=!9..=*74/(&#!
1&@Q.=+&=(&=!+4&!K7=!9..=*74/(&!)43!&&=!/3:&'33*!.P!?&/4++&'33*!K&??&=!
)&*:*&>&=!.P!)43!)*4&=+&=!.P!:&==4@@&=!248=!K&(!/&&@(!Q.@4(4&P#![&(!>33(!
K4&*?48!*&'3(4&P!)33:!./!/4++&''3=>&!(&*/48=!/4>*3=(&=!+4&!&&=!:..QK74@!
K&??&=#!!
!

FU!

!

e$","-

!
!
! >=AB

59;!K%2$/42!9/04$2#114/

>BAF

>=AB

C<AB

=AB

C=A<

BA@

!
!>>A>

^%-9&94

>?AE

<<A<

!
!
@AB

R294/G4/6!14//9))4/

>?AD

<FA?

B<AF

=A?

!
!

BA<

U42104842

>@AF

?<AF

?DA=

DA<

!
!

T9$`4/G(*24%*

DA@

H%14&%%26(4-9GG4&%%2

@A?

<>AC

!

??A@

?FA=

BA=

!
!

>FAE

<FA?

C<A<

<FA?

!

_4&X
'12%/$69/$42/4$62#/G0482%%0G+

!EA?

>>A@

<=AE

?<A@

>DA@

!
F,

!

>F,

<F,

! `442!#/$4824G4/

?F,

CF,

#/$4824G4/

BF,

/4*$2%%&

@F,

$4824G4/

=F,

DF,

EF,

>FF,

`442!$4824G4/

!
[%).."-XD@E-^$9"$&$+8$%&-($,-P2+%+)-+**"-9%+&R*+**6-P2+%+)-a%+-bcM/$"?-<:;<-FNNOI-P4'D$-

!
%&!K&??&=!+&!*&@Q.=+&=(&=!..:!>&)*33>+!=33*!K7=!9..=?&K.&P(&=#!!
%&!K&??&=!2&!)&*@LK4''&=+&!9..=3@Q&L(&=!)..*>&'&>+!&=!>&)*33>+!K.&!
?&'3=>*48:!+&!3@Q&L(&=!)..*!K&=!248=#!H=!P4>77*!U#R!9.*+&=!+&!*&@7'(3(&=!
74(&&=>&2&(#!

FI!

5$$6&'3%7-i-

!
P4/!0#4G1#K424!: #/9/0

P4/!02#$424!: #/9/0

!

CDAC

?<A@

>EAF

!
!

?BAC

?=A?

<=A?

!

P4/!: #/9/0!G94!(4$42!9)
#/G42N#*G4/
P4/!: #/9/0!-4$!-442
(*9$4/2*9-$4A!`#%&)!$422%)!#X!

!

P4/!: #/9/0!: %%2!91!-442!K298%Me
N4(

!

P4/!: #/9/0!: %%29/!-9/G42
-4/)4/!: #/4/

!

CBA@

?>AF

<?AC

!

C<AF

?CA@

<?AC

!

B?AE

<DAC

>=A=

!

!

P4/!: #/9/0!%&&44/!8##2!-4`4&X
'4/!-9;/!04`9/+

!

]/!44/!(4$424!(**2$!: #/4/

<<A<

??A>

CCA=

<<A=

?FA@

C@A=

!

?<AF

?EA=

<DA?

!
L9MN$42!(9;!: 421!: #/4/
F,

!

>F,

!

<F,

?F,

CF,

#/(4&%/029;1

!

?DAD

?BA=

<BAC

!

BF,

/4*$2%%&

@F,

=F,

DF,

EF,

>FF,

(4&%/029;1

[%).."-XDFE-]22+#$82$5,$+-a%+-bc-M/$"?-<:;<-FNNOI-P4'D$!

Y4(!+&2&!P4>77*!?'48:(!+3(!33=!)&&'!3@Q&L(&=!?&'3=>!9.*+(!>&K&LK(#!S/!K&(!
?&'3=>!4=!Q&*@Q&L(4&P!(&!:7==&=!Q'33(@&=!K&??&=!9&!..:!>&)*33>+!.P!/&=!
..:!?&*&4+!2.7!248=!K4&*!/&&*!)..*!(&!?&(3'&=#!`&2&!>&>&)&=@!248=!4=!+&!
?48'3>&!(&!)4=+&=!\(3?&'!?U#V]#!1&'3(4&P!K&(!/&&@(!?&'3=>!9.*+(!>&K&LK(!33=!
K&(!K&??&=!)3=!/&&*!Q*4)3Ld!\VRi!>&&P(!33=!+4(!?&'3=>*48:!(&!)4=+&=]A!*74/!
+&!K&'P(!\VUi]!)3=!+&!*&@Q.=+&=(&=!2.7!K4&*!..:!&e(*3!)..*!94''&=!?&(3'&=#!
C&*).'>&=@!9&=@(!/&=!>*33>!&&=!>.&+:.Q&*&!9.=4=>!\RMi!)4=+(!+4(!
?&'3=>*48:]#!RIi!)4=+(!K&(!?&'3=>*48:!&&=!9.=4=>!)..*!K&=2&'P!\&=!K&(!>&24=]!
(&!K&??&=#!`&!/&&*+&*K&4+!\VVi]!)3=!+&!*&@Q.=+&=(&=!4@!?&*&4+!K4&*!/&&*!
)..*!(&!?&(3'&=#!!
!

%33*!/&=!*&'3(4&P!K&(!)33:@(!)3=!2&>(!+3(!2&!.=?&'3=>*48:!248=B!K&(!9.=&=!

4=!&&=!?&(&*&!?77*(!\DMi!)4=+(!+4(!.=?&'3=>*48:]A!K&(!K&??&=!)3=!&&=!>*.(&*&!
9.=4=>!\DIi]!&=!K&(!+4LK(&*!?48!K&(!9&*:!9.=&=!\DVi]#!!
--

J&*!4''7@(*3(4&!K4&*!K&(!)&*K33'!)3=!&&=!O..'@&!*&@Q.=+&=(&!+4&!74('&>(!933*./!
2&!.=(&)*&+&=!93@!/&(!K33*!)..*>33=+&!3QQ3*(&/&=(#!!
Q!7-&,"7-&*3-&,-D,9*")/4>7'3,-/,&,"-0**/$2-0,-0,)),)**"-S4>"-%43-$"'*((*/3,2,"3-4"-_h`-,"-D4>-#,3-D%/,*%-0*'I-&*3-0,-4"-,,"-7*2,/-0$$"&,-&4,-"4,3)/$$3-0*'-2,3-30,,-'3*(,9D,&&,"J-e4>-0,/73,"-4"-&,-$A#3,"&(9$,)-,"-&,-

FM!

e$","-

2,4&,"-0,/73,"-4"-&,-"*A#3(9$,)I-&%'-S4>-70*2,"-9**3-3#%4'-,"-2**73,"-$"'0*77,/J-e4>-#,DD,"-),(/$D,,/&-A$"3*A3-$(-3,-",2,"-2,3-#,3-D%/,*%I-2**/-S4>S,4&,"-&*3-,/-),,"-*((*/3,2,"3,"-2,,/-D,'A#47D**/-0*/,"I-&%'-"*2,"-0,$"3'9*)JV-E/8RG-

XDF!

19$"%)$-R$+($"R$+-Z.."H=!K..P+@(7:!R!23>&=!9&!3'!+3(!+&!&*!>&/4++&'+!2._=!NRE!&7*.!Q&*!/33=+!33=!
K77*!9.*+(!?&(33'+#!H=!(3?&'!U#R!24&=!9&!+3(!=33*/3(&!/&=!&*!'3=>&*!4@A!/&=!
/&&*!K77*!?&(33'+#!$4++&''3=>&!(&*/48=!/4>*3=(&=!?&(3'&=!>&/4++&'+!RDG!
&7*.!Q&*!/33=+!33=!K77*A!:.*(&!(&*/48=!/4>*3=(&=!NER!&7*.!Q&*!/33=+#!`&!
O.'&=!>&)&=!4=!)&*>&'48:4=>!/&(!+&!3=+&*&!>*.&Q&=!K&(!/4=@(!74(!33=!K77*#!!
!

[&(!4@!K&(!>.&+:..Q@(!./!4=!&&=!K.(&'A!K.@(&'!.P!Q&=@4.=!(&!)&*?'48)&=A!K&(!

+77*@(!./!&&=!2&'P@(3=+4>&!9..=*74/(&!(&!K7*&=#!!
!

S.:!?&(33'+!/&=!)..*!Q*4)3LdB!=33*/3(&!/&=!+&!:3/&*!/&(!/&&*!

Q&*@.=&=!+&&'(!4@!+&!K77*!'3>&*#!!
!
^*#$6-XDFE-)$(%&&$6&$-8.."4"%T'-P2+$+-+**"-(%)"*+,-$+-P22+R$+($"R$+!!
R%$()*'!
-9GG4&&%/0!
1#2$!
!
+#,..('#/)*5!
3#&4/!
5*&67#4!
#84290!H[P!
!
+#&/)01'!
H%/!
R2#*:!
!

04-9GG4&G4!
!
C<>!
?FC!
!
!
?F<!
CFB!
C>C!
!
!
??F!
?C<!
!

)$G!G48.!
!
?>=!
<CC!
!
!
<C@!
<EB!
?>E!
!
!
<@@!
<==!
!

Y!
!
>?<!
?E>!
!
!
?@E!
D?!
=>!
!
!
?F<!
<FE!
!

^!
!!
!!
!
>EAC>=!
!!
!!
!!
!!
DAEFE!
!!
!!
!!
FA<?>!

K!
!
!
!
Kf.F>!
!
!
!
!
Kf.F>!
!
!
!
/)!

!"#$%&'()'&*++,-&./01#&

!
<&*+&*!23>&=!9&!+3(!+&!3*?&4+@/4>*3=(&=!+4&!&&=!9.=4=>!)43!&&=!/3:&'33*j!
?&/4++&'33*!>&).=+&=!K3++&=!K&(!/&&@(!(&)*&+&=!93*&=#!`4(!K&&P(!..:!&&=!
Q*48@:33*(8&A!248!?&(3'&=!/&(!>&/4++&'+!UGN!&7*.!Q&*!/33=+!K&(!K..>@(&!
K77*?&+*3>#!`&!/&=@&=!+4&!)43!K7=!74(2&=+?7*&37!.P!9&*:>&)&*!33=!K7=!
9.=4=>!:93/&=!93*&=!K&(!/4=@(!)33:!\2&&*](&)*&+&=A!248!?&(3'&=!
+33*&=(&>&=!/&(!*&@Q&L(4&)&'48:!DGI!&=!DNE!&7*.!Q&*!/33=+A!+&!'33>@(&!
K77*#!!

FF!

5$$6&'3%7-i-

!
^*#$6-XDF-a9$"926)cE-)$(%&&$6&$-8.."4"%T'-P2+$+-+**"-(%)"*+,-$+-P22+R$+($"R$+!!
Q..*&%';)'%#!
[K!44/!1%-42!
]/!`4&X)$%/G904!:##/2*9-$4!
]/!44/!24M24%$94!#X!8%1%/$94:#/9/0!
]/!44/!M%2%8%/A!:##/:%04/!
]/!44/!N#$4&6!N#)$4&6!K4/)9#/!
%/G42)!
!
D#(&.*#*!.>!@)<#(!
F!#X!-4$!K%2$/42!
>!%/G42!K42)##/!
<!%/G424/!
?!%/G424/!4/!-442!
!
Q.*%*$!$#J.*5#*!J%)!
59;!K%2$/42!9/04$2#114/!
^%-9&94!
R294/G4/6!14//9))4/!
U42104842!
T9$`4/G(*24%*!
H%14&%%26(4-9GG4&%%2!
_4&X!'12%/$69/$42/4$62#/G0482%%0G+!
%/G42)!
!
E..*5;;(!
F!$6-!@!-%%/G4/!
=V><!-%%/G4/!
>!$#$!<!;%%2!
<!$#$!C!;%%2!
C!;%%2!4/!&%/042!
!!

04-9GG4&G4!
!
<C?!
CDE!
<DE!
?>?!
<><!
<=F!
!
!
?DF!
?<D!
<@?!
<B@!
!
!
?CC!
<E?!
?D@!
<?F!
<>=!
@>?!
CD=!
CD>!
!
!
?<E!
?D=!
?BB!
?@@!
C>F!
!!

)$G!G48.!
!
>?B!
??@!
<C=!
C>E!
>>D!
>=E!
!
!
<BD!
<DF!
>@@!
<?C!
!
!
?>E!
<@F!
<?>!
>CB!
>>C!
?@@!
<EE!
BCF!
!
!
<=@!
<D?!
>EB!
<CD!
CDD!
!!

Y!
!
<FC!
>DB!
<B!
>E!
BD!
C!
!
!
>>?!
<>F!
E?!
?C!
!
!
<E!
<>!
E@!
>?=!
>F<!
BD!
?E!
>?!
!
!
>DB!
EC!
B<!
<C!
E!
!!

^!
!!
!!
!!
!!
!!
!!
!!
<?AF=C!
!!
!!
!!
!!
!!
CABC?!
!!
!!
!!
!!
!!
!!
!!
!!
!!
<<A>?<!
!!
!!
!!
!!
!!
!!
?AEEB!

K!
!
!
!
!
!
!
!
Kf.F>!
!
!
!
!
!
Kf.F>!
!
!
!
!
!
!
!
!
!
Kf.F>!
!
!
!
!
!
!
Kf.F>!

!"#$%&'()'&*++,-&./01#&

!
<$)%2%&!K&??&=!+&!*&@Q.=+&=(&=!..:!>&)*33>+!=33*!K7=!9..=Q'33(@!&=!+&!
@(*33(=33/!.P!Q.@(L.+&!)3=!933*!/&=!9..=(A!2.+3(!9&!..:!74(@Q*3:&=!
:7==&=!+.&=!.)&*!+&!(dQ&=!948:&=!&=!*&>4._@!933*!3*?&4+@/4>*3=(&=!9.=&=#!!
1&'3(4&P!9&4=4>!*&@Q.=+&=(&=!K&??&=!+&!@(*33(=33/!.P!K7=!Q.@(L.+&!
4=>&)7'+#!%&!:7==&=!K4&*+..*!>&&=!74(@Q*3:&=!.Q!948:=4)&37!+.&=#!<&=!
/.>&'48:&!)&*:'3*4=>!4@!+3(!/&=!+4(!)3=74(!Q*4)3Ld!.)&*9&>4=>&=!=4&(!94'!
2&>>&=#!H=!K&(!JX0TXHOS!.=+&*2.&:!9.*+(!&LK(&*!>&2&>+!+3(!&&=!>*..(!+&&'!
K7=!Q.@(L.+&!)3=!K7=!9..=3+*&@!=4&(!9&&(!\0LK.(K.*@(!DEEFBU]#!
!

`&!)*33>!.)&*!+&!Q'33(@!933*!/&=!9..=(!4@!?&(&*!4=>&)7'+#!H=!P4>77*!?U#G!

4=!+&!?48'3>&=!9.*+&=!+&!*&@7'(3(&=!74(&&=>&2&(#!H=!.=@!.=+&*2.&:!24&=!9&!
+3(!9&!/&(!=3/&!4=!K&(!9&@(&=!&=!274+&=!3*?&4+@/4>*3=(&=!K&??&=!
>&).=+&=A!=&(!3'@!4=!K&(!.=+&*2.&:!)3=!0LK.(K.*@(!&(!3'#!\DEEF]!&=!)3=!W.*P!
&(!3'#!\DEEF]#![4&*?48!248!.Q>&/&*:(!+3(!+&!)4=+Q'33(@/&(K.+&!)..*!K&(!)4=+&=!
)3=!*&@Q.=+&=(&=!T!933*?48!9&!=33*!Q'&::&=!>4=>&=!933*!9&!..:!)&*93LK(&=!
*&L&=(&!$S<T'3=+&*@!(&>&=!(&!:./&=!T!)..*!&&=!?43@!2.*>(#!H//&*@!933*!
/&=!2&!=4&(!2.&:(A!23'!/&=!2&!..:!=4&(!)4=+&=#!!

GEE!

e$","-

!

%&!K&??&=!..:!?&:&:&=!.P!+&!:&=/&*:&=!)3=!+&!K74@)&@(4=>@4(73(4&!4=!+&!

)&*@LK4''&=+&!>&/&&=(&=!)&*@LK4''&=#!H=!(3?&'!?U#I!4=!+&!?48'3>&!24&=!9&!>*.(&!
)&*@LK4''&=!(7@@&=!+&!>&/&&=(&=!93(!?&(*&P(!+&!>&/4++&'+&!K77*Q*48@#!6.!
?&(33'(!/&=!4=!"/@(&*+3/!K&(!/&&@(A!=3/&'48:!>&/4++&'+!RUU!&7*.!Q&*!
/33=+A!4=!+&!>&/&&=(&!SQ/&&*!K&(!/4=@(!=3/&'48:!GMI!&7*.#!S.:!b73!
(&)*&+&=K&4+!24&=!9&!&=:&'&!@4>=4P4L3=(&!)&*@LK4''&=#!$&=!4@!?48)..*?&&'+!4=!
K&(!%&@('3=+!>&/4++&'+!33=24&='48:!/4=+&*!(&)*&+&=!+3=!4=!1.((&*+3/#!!
!

%33*@LK48='48:!?&q=)'.&+(!&LK(&*!=4&(!+&!>&/&&=(&!933*!/&=!9..=(A!/33*!

&&=!3=+&*&!P3L(.*A!2.3'@!K&(!(dQ&!K74@)&@(4=>!@(&*:&*!K.&!(&)*&+&=!/&=!4@!
/&(!+&!9.=4=>!&=!K.&)&&'!K77*!/&=!?&(33'+#!%&!24&=!4=!(3?&'!?U#M!4=!+&!
?48'3>&=!=3/&'48:!+3(!+&!(dQ&!K74@)&@(4=>!Q&*!>&/&&=(&!@(&*:!)&*@LK4'(#!6.!
24&=!9&!?48)..*?&&'+!+3(!&*!4=!"/@(&*+3/!933*!+&!K77*!>&/4++&'+!K..>!4@A!
*&'3(4&P!)&&'!*&@Q.=+&=(&=!&&=!2&'P@(3=+4>&!9..=*74/(&!K&??&=!&=!4=!SQ/&&*!
933*!+&!K77*!>&/4++&'+!'33>!4@!/&=!.Q)3''&=+!)33:!4=!Q&=@4.=@!9..=(#!%&!
24&=!..:!+3(!+&!*&@Q.=+&=(&=!74(!K&(!%&@('3=+!+4&!>&/4++&'+!/4=+&*!
(&)*&+&=!248=!+3=!+4&!74(!1.((&*+3/A!4=!)&*>&'48:4=>!/&(!+&!*&@Q.=+&=(&=!74(!
1.((&*+3/!)3:&*!4=!&&=!K.\@](&'!.P!Q&=@4.=!9.=&=!&=!/4=+&*!)33:!4=!&&=!
2&'P@(3=+4>&!9..=*74/(&#!
!

S/!>&+&>&=!74(@Q*3:&=!.)&*!+&!>&/4++&'+&!(&)*&+&=K&4+!&=!K77*Q*48@A!

&(L#!.Q!K&(!=4)&37!)3=!>&/&&=(&=!(&!:7==&=!+.&=!2.7!+7@!&4>&='48:!
>&L.**4>&&*+!/.&(&=!9.*+&=!)..*!3=+&*&!P3L(.*&=!2.3'@!(dQ&!K74@)&@(4=>#!`&!
33=(3''&=!9.*+&=!4=!.=@!.=+&*2.&:!&LK(&*!(&!:'&4=!./!K4&*!?&(*.79?3*&!
74(@Q*3:&=!.)&*!(&!:7==&=!+.&=#!!

XDY!

Z.%'9$',%+)-%+-4$"'4$7,%$5S=@!.=+&*2.&:!*4LK(!24LK!4=!?&>4=@&'!.Q!+&!K74@)&@(4=>@4(73(4&!)3=!$S<T
'3=+&*@!2.3'@!248!+4&!2&'P!&*)3*&=#!%&!23>&=!4=!K&(!?.)&=@(33=+&!+3(!&*!/&&*!
*&@Q.=+&=(&=!(&)*&+&=!+3=!.=(&)*&+&=!248=#!<LK(&*!&*!4@!)&&'!(&!+.&=!
./(*&=(!+&!K74@)&@(4=>!)3=!$S<T'3=+&*@#!%48!:7==&=!.Q!?3@4@!)3=!.=2&!
&=b7c(&!>&&=!:93=(4(3(4&)&!74(@Q*3:&=!+.&=!.)&*!Q*.?'&/&=!/&(!?&(*&::4=>!
(.(!+&!K74@)&@(4=>!2.3'@!.)&*'3@(A!2.3'@!+4&!+..*!+&*+&=!9.*+(!&*)3*&=#!S/!
+&2&!&*)3*&=!Q*.?'&/3(4&:!*.=+./!K74@)&@(4=>!+4&Q>33=+!&=!:93=(4(3(4&P!4=!
:33*(!(&!:7==&=!?*&=>&=!4@!&&=!3=+&*&!.=+&*2.&:@.Q2&(!)&*&4@(#!%48!:7==&=!
NU

.=@!@'&LK(@!?3@&*&=!.Q!>&@Q*&::&=!/&(!@'&7(&'Q&*@.=&=!+4&!9&!4=!K&(!:3+&*!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
NU

!X#-#B!+&!>&@Q*&::&=!/&(!@'&7(&'Q&*@.=&=!).=+&=!Q'33(@!4=!K&(!)..*833*!)3=!DEEM!&=!
248=!/.>&'48:!.Q!@.//4>&!Q7=(&=!3LK(&*K33'+A!33=>&24&=!&*!@4=+@+4&=!)&'&!
)&*@LK4''&=+&!/33(*&>&'&=!4=!>3=>!>&2&(!./!+&!K74@)&@(4=>@Q*.?'&/&=!(&!
?&(&7>&'&=#!

GEG!

5$$6&'3%7-i-

)3=!K&(!).*4>&!.=+&*2.&:!\`&!-../!&(!3'#!DEEM3]!K&??&=!>&K.7+&=A!+&!
4=(&*)4&9@!/&(!3*?&4+@/4>*3=(&=!&=!.Q!@&L7=+34*&!?*.==&=#!`&!*&@7'(3(&=!
+4&=&=!+3=!..:!/&(!+&!=.+4>&!)..*24LK(4>K&4+!>&q=(&*Q*&(&&*+!(&!9.*+&=#!!
Y4(!.=+&*2.&:!)3=!O..'!\DEEN]!?'&&:!3'!+3(!874@(!K74@)&@(4=>!&&=!Q*.?'&&/!
).*/+&!?48!+&!(.&=3/&!)3=!'&>33'!(&9&*:>&@(&'+&!O.'&=!/&(!&&=!`74(@!
Q3@Q..*(#!04=+@+4&=!=3/&=!+&!Q*.?'&/&=!.Q!K&(!>&?4&+!)3=!K74@)&@(4=>!)3=!
+&!3*?&4+@/4>*3=(&=!74(!+&!$S<T'3=+&=!)&*+&*!(.&#!6.!>3P!C3=!+&=!-&*>!&(!
3'#!4=!DEEI!33=!+3(!+&!./)3=>!&=!33*+!)3=!+&!/&'+4=>&=!+4&!?48!>&/&&=(&=!
?4==&=:./&=A!33=(..=+&=!+3(!+&!K74@)&@(4=>@Q*.?'&/3(4&:!@./@!&*=@(4>!
93@#!
!

`4(!.=+&*9&*Q!@(.=+!?.)&=33=!+&!3>&=+3!)3=!+&!O.'&=(.QQ&=!+4&!4=!87=4!

DEEM!&=!4=!DEEI!>&K.7+&=!9&*+&=#!;&/&&=(&=!>3)&=!&*!33=!/&(!&&=!(&:.*(!
33=!K74@)&@(4=>!(&!:3/Q&=A!933*+..*!@4(73(4&@!.=(@(33=!)3=!.)&*?&9.=4=>A!
4''&>3'&!?&9.=4=>!&=!.)&*'3@(!4=!+&!948:&=!/&(!&&=!>.&+:.Q&!
9.=4=>)..**33+#!S.:!74(!+&!>&@Q*&::&=!/&(!@'&7(&'Q&*@.=&=!+4&!9&!4=!K&(!
:3+&*!)3=!K&(!).*4>&!.=+&*2.&:!\`&!-../!&(!3'#!DEEM3]!K&??&=!>&).&*+!
:93/!+4(!?&&'+!=33*!).*&=!#!
<&=!)3=!+&!Q*.?'&/&=!+4&!>&=.&/+!9.*+(!+..*!W.*P!&(!3'#!\DEEF]!?&(*&P(!+&!
.)&*'3@(!+4&!)&*..*233:(!9.*+(!+..*!/&(!=3/&!K&(!>*.(&!33=(3'!/&=@&=!Q&*!
9.=4=>#!<&=!@'&7(&'4=P.*/3=(!)3=!+&!>&/&&=(&!`&=![33>!)&*(&'(!K4&*!..:!K&(!
).'>&=+&!.)&*#!!
Q143%*34,'-+*"-$+,/D,0$"4")-,"-499,)*9,-7*2,/+,/#%%/J-<"-&*3-)**3-,/-"4,3-S$S,,/-$2-&*3-#,3-:;<=9*"&,/'-S4>"I-2**/-$$7-2,,/-Z-r4>7I-#,3-9,+,/3-),0$$"-,,"#$),-&/%7-$(-&,-9,,6D**/#,4&-,"-#,3-),+$,9-+*"-+,494)#,4&-4"-S$f"-D%%/3J-[,-2$,3>,-+$$/'3,99,"-&*3-4"-,,"-&/4,=-$6-+4,/7*2,/0$"4")I-D,&$,9&-+$$/-,,"-),S4"-+*"2*H42**9-+4>6I-S,'-(,/'$","I-"%-4",,"'-S,+,"I-*A#3-(,/'$","-0$","-S$"&,/-&*3&4,-0*3-2,3-,97**/-3,-2*7,"-#,DD,"J-X*3-S4>"-"*3%%/94>7-*99,2**9-+,/'A#499,"&,4"&4+4&%,"-&4,-*99,2**9-#%"-,4),"-+%49-(/$&%A,/,"I-*99,2**9-+**7-2,3-#%"-,4),"*%3$-7$2,"I-&%'-#,3-9,+,/3-),0$$"-,H3/*-&/%7-$(-&,-D%%/3-,"-&*"-2,3-"*2,-$(&,-+,494)#,4&J-U,-(/$&%A,/,"-$$7-0*3-2,,/-),9%4&I-S4>"-+**7-2,"',"-&4,-+**7-f'$A#3,"&'-+/$,)-"**/-#%"-0,/7-)**"I-9$(,"-$+,/-&,-3/*((,"-f'-$A#3,"&'-+/$,),"-f'-*+$"&'-9**3I-"$,2-2**/-$(J-.%49-D%43,"-S,33,"J-[*I-,"-&,S,-2,"',"#,DD,"-"*3%%/94>7-$$7-+,,9-24"&,/-D4"&4")-2,3-&,-D%%/3-S,96J-U,-+,/D94>+,"-,/2*H42**9-+4,/-2**"&,"-,"-+,/3/,77,"-&*"-0,,/-,"-+**7-"$)-7$/3,/JV-E/8CG-

!
C.'>&=@!>&/&&=(&@!&=!+&!>&.*>3=4@&&*+&!74(2&=+?*3=LK&!248=!/3'3P4+&!
74(2&=+?7*&37@!)..*!&&=!?&'3=>*48:!+&&'!)&*3=(9..*+&'48:!)..*!+&!Q*.?'&/&=!
./+3(!248!>&&=!.P!K&'&!@'&LK(&!)..*24&=4=>&=!(*&PP&=!)..*!K7=!9&*:=&/&*@!.Q!
K&(!>&?4&+!)3=!K74@)&@(4=>#!S.:!W.*P!&(!3'#!\DEEF]!>&&P(!33=!+3(!24LK!/&(!
&=4>&!*&>&'/33(!74(?74(4=>@@4(73(4&@!)..*+.&=!933*?48!/3'3P4+&!
74(2&=+?7*&37@!&&=!L.=(*3L(!>&)&=!33=!+&!O.'&=!933*4=!@(33(!+3(!+&!K77*!
)..*!+&!K74@)&@(4=>!37(./3(4@LK!.Q!K7=!@3'3*4@!9.*+(!4=>&K.7+&=!&=!&&=!)&&'!

GED!

e$","-

(&!K.>&!K77*Q*48@!9.*+(!?&*&:&=+#!Q.,/&,/-S4>"-,/-Y$9,"-&4,-#$"&,/&,"-,%/$f'(,/-2**"&-2$,3,"-D,3*9,"-+$$/-"4,3-2,,/-&*"-,,"-2*3/*'-4"-,,"-79,4",/%423,I&4,-S,-D$+,"&4,"-2$,3,"-&,9,"-2,3-694"7-0*3-9*"&),"$3,"VJ!\W.*P!&(#!
DEEFB!NN]#!<&=!)3=!.=2&!@'&7(&'4=P.*/3=(&=!2&>(!K4&*!K&(!).'>&=+&!.)&*B!!
!
Q<"-&*3-S4>"-"4,3-&,-Y$9,"-&4,-#,3-(/$D9,,2-S4>"I-2**/-&,-%43S,"&D%/,*%'J-EZG-5,3-S4>"-"4,3-&,-Y$9,"-&4,-,/+$$/-74,S,"-$2-,/),"'-499,)**9-3,-0$","J-5,3S4>"-&,-%43S,"&D%/,*%'-&4,-S,-499,)**9-4"-#%4S,"-S,33,"J-e*3-%43S,"&D%/,*%'&$,"?-&4,-/,),9,"I-/43',9,"-0*3-2,3-#%4',4),"*/,"J-.,,9-2,3I-0*3-S*9-47-S,)),"I^%/7,"I-1%/4"*2,/'I-)/$3,-#%4'>,'2,97,/'I-&4,-+$$/-,,"-2**"&I-30,,-2**"&,",,"-#%4'-D,'A#47D**/-'3,99,"J-<"-&*"-'3$((,"-S,-,/-*A#3-Y$9,"-4"J-<"-&**/-S4>"&4,-Y$9,"-$$7-"4,3-D94>-2,,J-5,3-*99,/,/)'3,-4'-&*3-S,-$$7-"$)-),&0$"),"-0$/&,"&**/-3,-0$","J-X,-#%4'+,'34")'7$'3,"-0$/&,"-*6),3/$77,"-+*"-#%"-4"7$2,"I&%'-&**/2,,-0$/&,"-S,-$$7-%43),D%43-,"-%43,4"&,94>7-2$,3,"-S,-+$$/-,,"-9*),/9$$"-0,/7,"JV-E'8FG-

!
`&!4=3+&b73(&!K74@)&@(4=>!&=!+&!L.=L&=(*3(4&!)3=!3*?&4+@/4>*3=(&=!74(!+&!
$4++&=T!&=!S.@(T<7*.Q&@&!<YT'3=+&=!4=!@Q&L4P4&:&!948:&=!/&(!>.&+:.Q&!&=!
+..*!K74@/&':&*@!?&K&&*+&!9.=4=>&=!'&4+&=!+33*/&&!/.>&'48:!(.(!&&=!
)&*+&*&!)&*'.&+&*4=>!)3=!+&!(.LK!3'!3LK(&*>&@(&'+&!?77*(&=#!C..*3'!+&!@(&+&=!
1.((&*+3/!&=!`&=![33>!:3/Q&=!/&(!)&&'!S.@(T!<7*.Q&@&!=4&79:./&*@#!`&!
[33>@&!9&(K.7+&*!X.*+&*!\O)+"A!?.79&=!&=!9.=&=]!@Q*3:!24LK!3P>&'.Q&=!87'4!
4=!J*.79!\DEEF]!74(!.)&*!+&!Q*.?'&/&=!/&(!+&!/3'3P4+&!K74@)&@(4=>!)3=!$S<T
'3=+&*@!4=![33>@&!3LK(&*@(3=+@948:&=#![48!>3P!33=!+3(!K&(!+&!>&/&&=(&!=4&(!
'7:(!./!+&!.)&*'3@(!+4&!.=(@(33(!+..*!4''&>3'&!K74@)&@(4=>!(&!?&(&7>&'&=#!
<&=!4=P.*/3=(!74(!`&=![33>!>&&P(!33=!+3(!)&&'!)3=!+&!3*?&4+@/4>*3=(&=!4=!
K7=!*&>4.!@'&LK(@!)..*!&=:&'&!/33=+&=!:./&=!&=!=4&(!)43!+&!
9.=4=>L.*Q.*3(4&!&&=!9.=4=>!2.&:&=A!/33*!)&&'3'!)43!K&(!4''&>3'&!L4*L74(# NI!
Qe4>-#,DD,"-+$$/*9-3,-2*7,"-2,3-',4S$,"'*/D,4&,/'-4"-&,-/,)4$-&4,-&*"-4"-X,"5**)-$"&,/&*7-7$2,"-S$,7,"J-X*3-)**3-&*"-$2-'#$/3-'3*B-$"&,/&*7I-&%'-"4,3$"&,/&*7-+$$/-,,"-9*"),/,-(,/4$&,-+4*-,,"-0$"4")A$/($/*34,J-X4,-7$2,"-&*"-*9'",9-3,/,A#3-4"-#,3-A4/A%43-+*"-499,)*9,-#%4'>,'2,97,/'JV-E'aG-

!
<&=!3=+&*&!4=P.*/3=(!)3=!+&!>&/&&=(&!`&=![33>!>&&P(!33=!+3(!@.//4>&!
:9&(@?3*&!>&?4&+&=!&e(*3!.=+&*!+*7:!:./&=!(&!@(33=!)3=9&>&!+&!:./@(!)3=!
+&!3*?&4+@/4>*3=(&=!74(!+&!$S<T'3=+&=#!
!
Qe*3-0,-$+,/-#,3-*9),2,,"-4"-X,"-5**)-S4,"-4'-&*3-;$'3=<%/$(,*","#%4'+,'34")-+4"&,"-4"-499,)*9,-0$$"'43%*34,'I-499,)*9,-7*2,/+,/#%%/I-499,)*9,(,"'4$"'-,"-&*3-'$$/3-&4"),"J-EZG-U,-+,'34),"-S4A#-3$A#-2,3-"*2,-4"-&,-

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
NI!`&!*&@Q.=+&=(&=!74(!K&(!4=!+4(!*3QQ.*(!>&Q*&@&=(&&*+&!:93=(4(3(4&)&!.=+&*2.&:!
>&)&=!33=!+3(!248!K7=!9.=4=>!/&(!=3/&!>&).=+&=!K&??&=!)43!K7=!9&*:>&)&*!
\DFi]A!K&(!74(2&=+?7*&37!\DGi]!.P!)43!)*4&=+&=!.P!:&==4@@&=!\GMi]#!<*!4@!4=!.=@!
.=+&*2.&:!>&&=!:93=(4(3(4&)&!+3(3!)&*23/&'+!.)&*!K&(!4''&>3'&!K74@)&@(4=>@L4*L74(#!!
GEN!

5$$6&'3%7-i-

70,3'D*/,-),D4,&,"-0**/-+,,9-(*/34A%94,/,-0$"4"),"-'3**"J-<,"-)$,&7$(,+$$//**&I-,"-&4,-)$,&7$(,-+$$//**&-4'-$$7-#,,9-'",9-3,-),D/%47,"-&$$/->*I-+**73$A#-#%4'>,'2,97,/'-&4,-&,S,-+,/#%/,"-4"-7*2,/'-$6-S,96'-D,&&,"-+,/#%/,"JVE'8CG-

!
C3=9&>&!+&!Q*.?'&/&=!+4&!+..*!+&!:./@(!)3=!$S<T'3=+&*@!4=!?&Q33'+&!
948:&=!)&*@(&*:(!9.*+&=A!K&&P(!+&!>&/&&=(&!`&=![33>!4=!@.//4>&!948:&=!
&&=!@(.Q!.Q!+&!:3/&*)&*K77*!>&2&(#!`&!>&/&&=(&!1.((&*+3/!K&&P(!^+&!
1.((&*+3/9&(_!4=>&).&*+!./!+&!(.&@(*../!)3=!:3=@3*/&=!4=!
3LK(&*@(3=+?77*(&=!(48+&'48:!(&!?&Q&*:&=#!
!
Q-[*I->,-S4,3-S,-_&,-:;<=9*"&,/'I-P4'D$`-4"-)$,&7$(,/,-04>7,"J-X*3-S4>"->%4'304>7,"-&4,-04>-70,3'D**/-+4"&,"J-X**/-4'-$$7-&,-P$33,/&*20,3-+*"-3$,(*''4")JX**/-0499,"-04>-&,S,-2,"',"-&*"-$$7-94,+,/-"4,3-#%4'+,'3,"J-e,-0499,"-&,-'$A4*9,,"-A%93%/,9,-'3/%A3%/,"-$$7-3,/%)-4"-&,S,-04>7,"J-X*"-2*7,"-04>-$$7-Q"$-)$*/,*'V-+*"-&,S,-04>7,"JV-E'8bG-

!
<*!248=!4=/4++&'@!)&'&!)&*@LK4''&=+&!/33(*&>&'&=!4=!>3=>!>&2&(!./!+&!
K74@)&@(4=>@Q*.?'&/&=!(&!?&(&7>&'&=#!`&!4=P.*/3=(&=!=.&/&=!&=:&'&!
)..*?&&'+&=A!2.3'@!K&(!.Q2&((&=!)3=!@Q&L43'&!Q*.8&L(&=!)..*!(48+&'48:&!
/4>*3=(&=!933*?48!4=(&=@4&P!@3/&=>&9&*:(!9.*+(!(7@@&=!>&/&&=(&@A!
9.=4=>L.*Q.*3(4&@!&=!74(2&=+?7*&37@!./!&e(*3!9..=*74/(&!(&!L*&Z*&=#!S.:!
Q*.?&&*(!/&=!K&(!K74@)&@(4=>@Q*.?'&&/!K&(!K..P+!(&!?4&+&=!+..*!K&(!
=&&*2&((&=!)3=!L.=(34=&*9.=4=>&=A!K&(!4=(&=@4)&*&=!)3=!L.=(*.'&!)3=!
9.=4=>&=!&=!+..*!K&(!4=2&((&=!)3=!9.=4=>&=!+4&!.Q!+&!'48@(!@(33=!./!
>&@'..Q(!(&!9.*+&=!.P!&&=!'3=>&!'&&>@(3=+!K&??&=!)..*!(48+&'48:&!)&*K77*!33=!
3*?&4+@/4>*3=(&=#!<&=!@'&7(&'Q&*@..=!9&*:233/!?48!&&=!9.=4=>L.*Q.*3(4&!
)&*(&'(!.)&*!+&!)..*+&'&=!)3=!+4(!'33(@(&!Q*.8&L(B!!
!
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

GER!

e$","-

XDX!

V*($+9*,,%+)C3=!+&!*&L&=(&!3*?&4+@/4>*3=(&=!+4&!33=!.=@!.=+&*2.&:!K&??&=!/&&>&9&*:(!
9..=(!K&(!/&*&=+&&'!4=!&&=!:3/&*!\RDi]!.P!4=!&&=!2&'P@(3=+4>&!9..=*74/(&!
\NMi]#!174/!&&=!.Q!+&!(4&=!)3=!+&!*&@Q.=+&=(&=!9..=(!4=!&&=!K.\@](&'!.P!
Q&=@4.=A!+&!*&@(!4=!&&=!L3*3)3=A!9..=93>&=A!*&L*&3(4&T!.P!)3:3=(4&9.=4=>#!
`&!/&&@(&!$S<T'3=+&*@!/.&(&=!K7=!:3/&*!/&(!ll=!.P!/&&*+&*&!Q&*@.=&=!
+&'&=# NM!!
!

`&!K&'P(!)3=!+&!*&@Q.=+&=(&=!K&&P(!248=!9.=4=>!>&).=+&=!)43!248=!

9&*:>&)&*!.P!K&(!74(2&=+?7*&37#!
!

H=!+4(!.=+&*2.&:!9.*+(!&*!..:!@(4'>&@(33=!?48!+&!(&)*&+&=K&4+!)3=!+&!

/4>*3=(&=!/&(!K7=!9.=4=>#!`&!K&'P(!)3=!+&!3*?&4+@/4>*3=(&=!4@!\2&&*]!
(&)*&+&=!/&(!248=!9.=4=>A!&&=!:93*(!\2&&*]!.=(&)*&+&=#!`&!*&@Q.=+&=(&=!+4&!
4=!&&=!2&'P@(3=+4>&!9..=*74/(&!9.=&=A!248=!K&(!)33:@(!\2&&*]!(&)*&+&=!/&(!
K7=!9..=*74/(&#![&(!/&&@(!.=(&)*&+&=!248=!+&!*&@Q.=+&=(&=!+4&!4=!&&=!
L3*3)3=!.P!9..=93>&=!9.=&=#!
!

S.:!4@!&*!&&=!@3/&=K3=>!(7@@&=!K&(!33=(3'!:3/&*>&=.(&=!&=!+&!

(&)*&+&=K&4+!/&(!+&!9..=*74/(&#!X33*/3(&!/&=!/&(!/&&*!/&=@&=!&&=!
:3/&*!+&&'(A!4@!/&=!/4=+&*!(&)*&+&=!/&(!248=!9..=*74/(&#!`&!*&@Q.=+&=(&=!
>&)&=!33=!K&(!/&&@(&!?&K.&P(&!(&!K&??&=!33=!/&&*!Q*4)3LdA!&&=!>.&+:.Q&*&!
9.=4=>!&=!&&=!9.=4=>!)..*!K&=2&'P!\&=!K&(!>&24=]#!
<*!'48:(!.=+&*!+&!*&@Q.=+&=(&=!@Q*3:&!(&!248=!)3=!&&=!9..=L3**4m*&#!X33*/3(&!
/&=!&*!'3=>&*!4@A!K&&P(!/&=!=3/&'48:!)3:&*!&&=!2&'P@(3=+4>&!9..=*74/(&A!
+&&'(!/&=!/4=+&*!)33:!&&=!:3/&*!/&(!3=+&*&=A!?&(33'(!/&=!>&/4++&'+!
/&&*!K77*!&=!4@!/&=!>&/4++&'+!/&&*!(&)*&+&=#!!
-

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
NM

![&(!?&(*&P(!K4&*!3=+&*&!Q&*@.=&=!+3=!K7=!Q3*(=&*#!

GEV!

Z225&',.R-?!

?D>!

V27%**607.6,."$6$-%+,$)"*,%$-

U+6$%&%+)H=!+4(!K..P+@(7:!@(33(!+&!@.L433'TL7'(7*&'&!4=(&>*3(4&!)3=!+&!*&L&=(&!
/4>*3=(&=!74(!$4++&=T!&=!S.@(T<7*.Q3!L&=(*33'#!%&!>33=!K4&*?48!4=!.Q!
)&*@LK4''&=+&!4=+4L3(.*&=!)..*!@.L433'TL7'(7*&'&!4=(&>*3(4&A!=3/&'48:!+&!
?&K&&*@4=>!)3=!+&!X&+&*'3=+@&!(33'!&=!K7=!4=?7*>&*4=>?&K.&P(&!\Q3*3>*33P!
I#D]A!+&!/3(&!933*4=!$S<T'3=+&*@!@.L43'&!L.=(3L(&=!K&??&=!/&(!37(.LK(.=&!
?7*>&*@!&=!3=+&*&!>*.&Q&=!\Q3*3>*33P!I#N]#!J&=!@'.((&!>33=!9&!4=!.Q!K7=!
)*48&(48+@?&@(&+4=>!\Q3*3>*33P!I#R]#![&(!K..P+@(7:!9.*+(!3P>&@'.(&=!/&(!&&=!
@3/&=)3((4=>!\Q3*3>*33P!I#V]#!

?DG!

^**6R$++%'-$+-%+#.")$"%+)#$82$5,$`&!?&K&&*@4=>!)3=!+&!X&+&*'3=+@&!(33'!9.*+(!3'@!&&=!?&'3=>*48:&!4=+4L3(.*!
?&@LK.79+!)..*!+&!/3(&!933*4=!3''.LK(.=&!>*.&Q&=!24LK!3'@!3Q3*(&!>*.&Q!
.=+&*@LK&4+&=!\24&!?48)..*?&&'+!`3>&).@!&=!S+l!DEEU!&=!`3>&).@!DEEG]#!!
!

`&2&!4=+4L3(.*!4@!=3(77*'48:!@(&*:!)&*?.=+&=!/&(!@(*7L(7*&'&!4=(&>*3(4&#!

H//&*@!:&==4@!)3=!+&!X&+&*'3=+@&!(33'!4@!2&&*!?&'3=>*48:!)..*!K&(!)&*:*48>&=!
)3=!>&:93'4P4L&&*+&!?3=&=A!K&(!).'>&=!)3=!&&=!.Q'&4+4=>A!&(L#!&=!+33*+..*!
)..*3'!)3=!?&'3=>!)..*!3'@!/&=!24LK!&*>&=@!)..*!'3=>&*&!(48+!>33(!)&@(4>&=#!
<&=!+&&'!)3=!.=2&!.=+&*2.&:@>*.&Q!:./(!933*@LK48='48:!=33*!X&+&*'3=+!/&(!
K&(!+.&'!>&+7*&=+&!&&=!?&Q&*:(&!Q&*4.+&!K4&*!(&!9&*:&=!&=!)&*).'>&=@!9&&*!
(&*7>!(&!:&*&=#!`&!)&*93LK(4=>!4@!+3=!..:!+3(!248!/4=+&*!>.&+!X&+&*'3=+@!
:7==&=#!6.3'@!9&!24&=!4=!P4>77*!I#G!9.*+(!+4(!+..*!.=2&!:93=(4(3(4&)&!
*&@7'(3(&=!?&)&@(4>+#!`&!*&L&=(!33=>&:./&=!$S<T'3=+&*@!@Q*&:&=!@4>=4P4L3=(!
/4=+&*!>.&+!X&+&*'3=+@!+3=!+&!/4>*3=(&=!+4&!K4&*!&=:&'&!83*&=!'3=>&*!248=#!
H=!Q&*L&=(3>&@a!)3=!+&!:.*(&!(&*/48=!/4>*3=(&=!@Q*&&:(!*74/!ME!Q*.L&=(!=4&(!
(.(!/3(4>!X&+&*'3=+@A!)3=!+&!/4++&''3=>&!(&*/48=!/4>*3=(&=!2._=!VU!Q*.L&=(!
\24&!P4>77*!I#G]#!<&=!@'&7(&'4=P.*/3=(!)&*(&'(!K4&*!K&(!).'>&=+&!.)&*B!!
!
Q.$$/-&,-2,"',"-&4,-+4*-%43S,"&D%/,*%'-0,/7,"-4'-#,3-#,9,2**9-2$,494>7-_$2-&,T,&,/9*"&',-3**9-3,-9,/,"I-P4'D$`J-X4,-2,"',"-7$2,"-#4,/-,"-0$","-*99,,"-

GEI!

5$$6&'3%7-R-

2**/-2,3-Y$9,"-,"-0,/7,"-*99,,"-2**/-2,3-Y$9,"J-X*"-4'-#,3-#,,9-2$,494>7-$2T,&,/9*"&'-3,-9,/,"J-@99,,"-4"-&,-'%(,/2*/73I-*9'-S,-D/$$&-#*9,"-7%"","-S,cD,&*"73f-S,)),"JV-E'FWG--

!
!
$#$%%&

C@AF

!

<DAE

>BAF

DA= >AC

!
!

-9GG4&&%/0

<<A=

1#2$

!

??A=

!

<@A=

B?A>

><AD

<=AB

>>AC

CA>
=AB FAB

!
!
3#&4/
5*&0%24/67#4-4/4/
#84290!H[P

CDA<

!
!
!

<EAF

CCA=

<>AE

?CAD

>BA<
>?A<

?=AF

@AB >A>
>DAC

>AD

>@A?

EAD

<A<

>BAD

EA=

>AB

!
!
H%/

!
!

R2#*:

!
F,

!
!

CCAB

<DAB

C=AE

<EA<

<F,

/94$

CF,

-%$90

24G4&9;1

@F,

0#4G

>CA>
DF,

=AE >AF
>FF,

`442!0#4G

!
[%).."-?D>E-^**6#$8$$"'%+)-+**"-,K4$-(%)"*+,S-8$"R2(',)"2$4-$+-)$'6*78,-a%+-bc-M/$"?-<:;<-FNNOI-P4'D$-

!
$&&*!+3=!+&!K&'P(!)3=!+&!/4>*3=(&=!4=!.=@!.=+&*2.&:!\VDi]!2&>(!=..4(!(.(!
?48=3!=..4(!X&+&*'3=+@!/&(!248=!/3=3>&*!.P!/&(!L.''&>3_@!(&!@Q*&:&=#!<&=!=.>!
>*.(&*!>&+&&'(&!>&&P(!33=!=..4(!(.(!?48=3!=..4(!4=!K7=!)*48&!(48+!X&+&*'3=+@!(&!
@Q*&:&=!/&(!)*4&=+&=!&=!:&==4@@&=#!!

GEM!

1$A4**9=L%93%/,9,-4"3,)/*34,-

!
!
!
!
Y4G42&%/G)!#K!N4$!: 421!-4$
-%/%042

!

?EA?

><AD

<?AC

><A>

><A?

?EAD

><AB

<?AB

><AB

>>A=

!
!
!
!

Y4G42&%/G)!#K!N4$!: 421!-4$
M#&&40%)

!
!
!
!
!

Y4G42&%/G)!9/!829;4!$9;G!-4$
8294/G4/614/9))4/

!

BFA?

>@AD

>EAE

=A@

BAB

EF,

>FF,

!
!

F,

!

>F,

!
!

<F,

?F,

CF,

/##9$

(9;/%!/##9$

BF,

)#-)

8%%1

@F,

=F,

DF,

`442!8%%1

[%).."-?DGE-M2$",**6-24-8$,-P$"R-$+-9"%T$-,%T&-a%+-bcM/$"?-<:;<-FNNOI-P4'D$!

`4(!3''&@!>&'+(!)..*3'!)..*!+&!O.'&=!\24&!(3?&'!?I#D!4=!?48'3>&!I]#!`&!-7'>3*&=!
&=!1.&/&=&=!&=!+&!.)&*4>&!$S<T'3=+&*@!@Q*&:&=!)3:&*!X&+&*'3=+@!+3=!+&!
O.'&=#!C*.79&=!@Q*&:&=!@4>=4P4L3=(!/4=+&*!)33:!X&+&*'3=+@!/&(!K7=!
/3=3>&*!&=!L.''&>3_@!+3=!/3==&=#!!
!

SQ!K&(!9&*:!L.//7=4L&*&=!+&!$S<T'3=+&*@!/&(!+&!9&*:>&)&*!)..*3'!4=!

K&(!<=>&'@A!/&(!L.''&>3_@A!)*4&=+&=!&=!:&==4@@&=!4@!+&!/.&+&*(33'!+&!
K..P+).&*(33'!\24&!(3?&'!?I#N!4=!?48'3>&!I]#!
!

u73!?74(&='3=+@&!(3'&=!@Q*&:&=!+&!*&L&=(&!3*?&4+@/4>*3=(&=!<=>&'@!K&(!

?&@(&A!+3=!`74(@!&=!+3=!X&+&*'3=+@#!\24&!(3?&'!?I#D!4=!+&!?48'3>&!I]!
!

<&=!@'&7(&'4=P.*/3=(!>&&P(!33=!+3(!&&=!?&Q33'+&!>*.&Q!)3=!+&!*&L&=(&!

3*?&4+@/4>*3=(&=!)&*>&'48:?33*!4@!/&(!)3:3=(4&>3=>&*@#!!
!
Q[,-#,D3-$$7-,,"-)/$,(-&4,-#4,/-7$23-+$$/-&/4,-2**"&,"J-X4,-0$","-4"P$33,/&*2-,"-0,/7,"-4"-#,3-e,'39*"&J-X4,-#,DD,"-#%"-,4),"-9,+,"J-X4,-0,/7,","-#,DD,"-+,,9-A$"3*A3-2,3-#,3-3#%4'6/$"3J-X4,-S%99,"-+,,9-24"&,/-&,,9",2,"**"-#,3-'$A4*9,-9,+,"J-U,-'(/,7,"-*2(,/-<"),9'-$6-T,&,/9*"&'J-X4,-4"3,)/,/,"$$7-"4,3-+,,9J-X43-),9&3-$$7-+$$/-2,"',"-&4,-+*"%43-T,&,/9*"&-"**/-K/*"7/4>7-$6-

GEF!

5$$6&'3%7-R-

1(*">,-$(-+*7*"34,-)**"J-X4,-#,DD,"-&*"-$$7-3,-2*7,"-2,3-*99,/9,4-(/*734'A#,(/$D9,2,"JV-E'8bG-

!
<&=!3=+&*&!@'&7(&'4=P.*/3=(!?&33/(!+4(!&=!>&&P(!33=!+3(!+&!P.L7@!)3=!+&!
>*.&Q!+&!K4&*!)..*!&&=!:.*(&*&!Q&*4.+&!:./(!9&*:&=!.Q!K&(!K&*:./@('3=+!4@#!
!
QU,-S433,"-2,3-#,3-#$$6&-4"-T,&,/9*"&-,"-2,3-#,3-#*/3>,-4"-Y$9,"JV-E'FCG-

!
C&&'!)3=!+&!3*?&4+@/4>*3=(&=!+4&!9&!K&??&=!>&@Q*.:&=!4=!+&!+4&Q(&T
4=(&*)4&9@!>&)&=!33=!+3(!2&!9&4=4>!X&+&*'3=+@!@Q*&:&=!.Q!K&(!9&*:A!/33*!
)..*3'!4=!K&(!<=>&'@!L.//7=4L&*&=!&=!+3(!&*!)33:!/&(!K&(!/3=3>&/&=(!
>&L.//7=4L&&*+!9.*+(!)43!&&=!(7@@&=Q&*@..=!+4&!m=!K7=!/.&+&*(33'!m=!
X&+&*'3=+@!.P!<=>&'@!@Q*&&:(#!
!
Q!7-S4,-&,-,4),"**/-+*"-#,3-D,&/4>6-#**'3-"$$43J-!7-S4,-0,9-'$224),-+*"-&,T,&,/9*"&',-A$99,)*f'J-:,3-#,"-(/**3-47-0,9I-2,,'3*9-EZG-4"-24>"-Q%43'3,7,"&,V<"),9'-,"-+$$/*9-2,3-#*"&),D*/,"J-e,-7$2,"-,/-0,9-%43J-EZG-X,-$(S4A#3,/'-=&*3-S4>"-T,&,/9*"&,/'-]-2,3-#,"-(/*3,"-0,-+4*-&,-(9$,)D**'JV-E/NbG--

!
S.:!>&)&=!+&!*&@Q.=+&=(&=!4=!+&!4=(&*)4&9@!33=!+3(!X&+&*'3=+&*@!.)&*!K&(!
3'>&/&&=!>.&+!<=>&'@!@Q*&:&=#!$&&*+&*&!>&q=(&*)4&9+&=A!933*.=+&*!
.=+&*@(33=+&!*&@Q.=+&=(A!)&*(&''&=!+3(!4=/4++&'@!..:!L.''&>3_@!&=!3=+&*&!
X&+&*'3=+&*@!93(!9..*+8&@!O..'@j!-7'>33*@!:7==&=A!93(!+&!L.//7=4L3(4&!
)&*>&/3::&'48:(a!!
!
Q</-S4>"-#4,/-$$7-0*3-^%/7',-2,"',"-,"-2,"',"-+*"-*"&,/,-"*34$"*943,43,"-,"S4>-'(/,7,"-Y$$9'-&%'-#,3-D,)4"3-#,,9-2*77,94>7-3,-0$/&,"J-@9'->,-#4,/-"**/-,,"04"7,9-$6-"**/-,,"-D*/-)**3I-&*"-S,)3-&,-2,+/$%0-c)$,&,-2$/),"f-4"-#,3-Y$$9'I&%'-&*3-4'-)/*((4)J-EZG-&,-2*"-&4,-0,/7-+$$/-$"'-/,),93I-S,)3-$$7-c,/-4'-),,"0,/7f-4"-#,3-Y$$9'I-&%'-&*3-4'-#,,9-)/*((4)JV-E/F8G-

!
C&*).'>&=@!4@!+&!)*33>!4=!K.&)&**&!/&=!74(!+&!).&(&=!:3=!/&(!K7=!
(33'?&K&&*@4=>#!!

GGE!

1$A4**9=L%93%/,9,-4"3,)/*34,-

!
$#$%%&

>DA>

!

?DA?

?BAF

DA@

!
!

-9GG4&&%/0
1#2$

<FA>!
>=AB

?DAC

!

?CA@

?DA?

!

@AE

?BA>

EA>

!
3#&4/

>?A<

!

??AC

C?A=

EA=

!
5*&0%24/67#4-4/4/
#84290!H[P

?>A>

CEA>

! ?FA?

B<AD

!

><A?

=AB

>?AB

?AC

!
!
H%/

>EAE

R2#*:

>@A? !
F,

CFA?

!

?<AE

?@AB

!

>F,

!
!

@AE

?=A<

<F,

?F,

CF,

I%A!%&$9;G

I%A!-44)$%&

BF,

-44)$%&!/94$

@F,

=F,

EAE
DF,

EF,

>FF,

Y44A!/##9$

!
[%).."-?D@E-fd.+,-.-O%78-"$&&$+-($,-.P-8.%&%)$-,**6#$8$$"'%+)g-+**"-,K4$-(%)"*+,S-8$"R2(',)"2$4-$+-)$'6*78,-a%+-bc-M/$"?-<:;<-FNNOI-P4'D$!

H=!P4>77*!I#N!24&=!9&!+3(!GM!Q*.L&=(!2&>(!24LK!3'(48+!(&!:7==&=!*&++&=A!NM!
Q*.L&=(!2&>(!24LK!/&&@(3'!(&!:7==&=!*&++&=!/&(!K7=!K74+4>&!(33'?&K&&*@4=>!
)&*@7@!NV!Q*.L&=(!/&&@(3'!=4&(#!C3=!+&!/4>*3=(&=!2&>(!F!Q*.L&=(!24LK!=..4(!
(&!:7==&=!*&++&=!/&(!K7=!K74+4>&!(33'?&K&&*@4=>#!%&!24&=!K4&*?48!>&&=!
@4>=4P4L3=(&!)&*@LK4''&=!(7@@&=!+&!:.*(&!&=!'3=>&!(&*/48=!/4>*3=(&=#!
SQ)3''&=+!4@!&LK(&*!9&'!+3(!@4>=4P4L3=(!/&&*!O.'&=!+3=!3=+&*&!$S<T'3=+&*@!
33=>&)&=!24LK!\/&&@(3']!=4&(!(&!:7==&=!*&++&=!/&(!K7=!K74+4>&!
(33'?&K&&*@4=>#!!
!

`&!.)&*>*.(&!/&&*+&*K&4+!)3=!+&!$S<T'3=+&*@!2.7!9&'!X&+&*'3=+@!94''&=!

'&*&=#!$&&*!+3=!ME!Q*.L&=(!2.7!\K&&'!>*33>]!X&+&*'3=+@!94''&=!'&*&=#!

GGG!

5$$6&'3%7-R-

!
!
!
$#$%%&

CFA@

!

C<AD

>CAF

<AB

!
-9GG4&&%/0
1#2$

!

CBA<

!

C>A>

?EA<

!

>?A>

C?AC

FA@

>CA?

?A>

>BAC

<AB

!
3#&4/
5*&0%24/67#4-4/4/
#84290!H[P

!
!

?@AB

CBA@
C=A=

!
!

?=A@

BBAC

>>AE
??A=

DA=

<AD
<A<

!
!
H%/

!

CFAF

!

R2#*:

C>AD

C>A?

CCA=

>@AC

>A=

>FA=

?A?

!
F,

<F,

!

I%A!N44&!02%%0

!

CF,

I%

@F,

Y44

DF,

>FF,

Y44A!`4142!/94$

!
[%).."-?DFE-]$+'-2(-#$,$"-N$&$"6*+&'-,$-6$"$+-+**"-,K4$-(%)"*+,S-8$"R2(',)"2$4-$+-)$'6*78,-a%+-bcM/$"?-<:;<-FNNOI-P4'D$!

!
6.3'@!>&2&>+!2.7!8&!:7==&=!)&*93LK(&=!+3(!+4&!9&=@!/4=+&*!@(&*:!'&&P(!?48!
+&!:.*(&!(&*/48=!/4>*3=(&=#!<LK(&*!..:!.=+&*!+4&!>*.&Q!4@!&*!&&=!>*.(&!9&=@!
./!X&+&*'3=+@!(&!'&*&=#!
!

C3=!+&!/4>*3=(&=!K&&P(!UM!Q*.L&=(!>&&=!X&+&*'3=+@!>&'&&*+A!DE!Q*.L&=(!

K&&P(!&&=!(33'L7*@7@!>&).'>+A!+&!*&@(!K&&P(!K&(!24LK2&'P!33=>&'&&*+!\24&!(3?&'!
?I#V!4=!+&!?48'3>&]#!
!

-48=3!+*4&:93*(!)3=!+&!:.*(&!(&*/48=!/4>*3=(&=!K&&P(!(.(!.Q!K&+&=!>&&=!

X&+&*'3=+@!>&'&&*+!\INi]A!)3=!+&!/4++&''3=>&!(&*/48=!/4>*3=(&=!4@!+3(!*74/!
+&!K&'P(!\VNi]#!174/!&&=!+&*+&!\NVi]!)3=!+&!/4++&''3=>&!(&*/48=!/4>*3=(&=!
K&&P(!&&=!(33'L7*@7@!X&+&*'3=+@!>&+33=A!(&>&=.)&*!GUi!)3=!+&!/4>*3=(&=!
+4&!K4&*!:.*(&*!248=#!174/!G!.Q!+&!GE!)3=!?&4+&!>*.&Q&=!K&&P(!K&(!24LK2&'P!
33=>&'&&*+#!!
!

%3==&&*!9&!=33*!+&!)&*@LK4''&=+&!K&*:./@('3=+&=!:48:&=A!24&=!9&!+3(!+&!

1.&/&=&=j!-7'>3*&=!&=!+&!.)&*4>&!$S<T'3=+&*@!)3:&*!+3=!O.'&=!33=>&)&=!
K&&'!>*33>!X&+&*'3=+@!(&!94''&=!'&*&=#!-48=3!+*4&:93*(!\INi]!)3=!+&!O.'&=!

GGD!

1$A4**9=L%93%/,9,-4"3,)/*34,-

K&&P(!>&&=!X&+&*'3=+@!>&'&&*+A!)3=!+&!-7'>3*&=!&=!1.&/&=&=!?48=3!UE!
Q*.L&=(!\VMi]!&=!)3=!+&!.)&*4>&!$S<T'3=+&*@!.=>&)&&*!+&!K&'P(!\VGi]#!!
!

C&*+&*!K&&P(!&&=!4&(@!K.>&*!Q&*L&=(3>&!)3=!+&!)*.79&=!+3=!)3=!+&!

/3==&=!&&=!X&+&*'3=+@&!(33'L7*@7@!>&).'>+#!
!
H=!+&!4=(&*)4&9@!2&>>&=!)&*@LK4''&=+&!*&@Q.=+&=(&=!24LK2&'P!&&=!?&&(8&!
X&+&*'3=+@!(&!'&*&=!&=!4=/4++&'@!&=:&'&!9..*+&=!X&+&*'3=+@!(&!:7==&=!
)&*@(33=!&=!@Q*&:&=#!S=+&*@(33=+&!*&@Q.=+&=(!)&*(&'(!K4&*.)&*a!
!
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

!
C&*@LK4''&=+&!3*?&4+@/4>*3=(&=!4=!+&!4=(&*)4&9@!2&>>&=!X&+&*'3=+@!(&!94''&=!
'&*&=!.P!3'!?&24>!(&!248=!/&(!&&=!L7*@7@#!0.//4>&!)3=!K&=!2.7+&=!9&'!(33''&@!
94''&=!).'>&=!93==&&*!2&!4&(@!/&&*!>&@&((&'+!248=!4=!X&+&*'3=+!&=!&*!
?.)&=+4&=!(48+!)..*!K&??&=#!0.//4>&!>&q=(&*)4&9+&=!9&(&=!=4&(!>.&+!K.&!2&!
+&!(33''&@!4=!K7=!@LK&/3!/.&(&=!'3(&=!Q3@@&=A!33=>&24&=!2&!27':&!'3=>&!
+3>&=!/3:&=A!2.3'@!..:!.=+&*@(33=+&!*&@Q.=+&=(#!
!
Q!7-#,D-,/$+,/-"*-S433,"-&,"7,"-$2-T,&,/9*"&'-3,-9,/,"-2**/-47-S$%-"4,3-0,3,"0*"",,/-&*3-S$%-7%"","J-!7-0,/7-3$3-S,+,"I-*A#3-%%/-f'-*+$"&'I-&*"-&$%A#,"-,",3,"J-<"-0,-2$,3,"-+/$,)-$(JV-E/NbG-

GGN!

5$$6&'3%7-R-

!
$#$%%&

! ?<A=

B<AD

>?A?

>A<

>@AD

FA@

!
!
-9GG4&&%/0
1#2$

!

?>A=

BFAE

! ??AF

B?AC

><A?

>A?

>?A=

FAD

>>AC

<AE

>?A@

>A>

>BAB

>A@

!
!
3#&4/
5*&0%24/67#4-4/4/

<BAE
!

BEA@

!

CCAD

C>AF

!
#84290!H[P

B@AD

!

<DAC

!
H%/
R2#*:

! ??AC
!
!

F,

CEAB

?<AB

!
!

B@A=

<F,

I%A!N44&!02%%0

CF,

I%

@F,

Y44

>FAF FA=
DF,

>FF,

Y44A!`4142!/94$

!
[%).."-?DYE-]$+'-2(-a($$"c-29$"-&$-N$&$"6*+&'$-7.6,.."-,$-6$"$+-+**"-,K4$-(%)"*+,S-8$"R2(',)"2$4-$+-)$'6*78,-a%+-bchM/$"?-<:;<-FNNOI-P4'D$-

!
H=!P4>77*!I#V!24&=!9&!?.)&=+4&=!+3(!+&!.)&*>*.(&!/&&*+&*K&4+A!=3/&'48:!MV!
Q*.L&=(!)3=!+&!3*?&4+@/4>*3=(&=!74(!+&!$S<T'3=+&=!\K&&'!>*33>]!/&&*!2.7!
94''&=!'&*&=!.)&*!+&!X&+&*'3=+@&!L7'(77*#!S.:!(&=!33=24&=!)3=!+4(!Q7=(!24&=!
9&!>&&=!@4>=4P4L3=(!)&*@LK4'!(7@@&=!+&!/4++&''3=>&!&=!:.*(&!(&*/48=!
/4>*3=(&=#!<=!..:!K4&*!24&=!9&!+3(!+&!1.&/&=&=j!-7'>3*&=!&=!+&!.)&*4>&!
$S<T'3=+&*@!@4>=4P4L3=(!)3:&*!+3=!+&!O.'&=!33=>&)&=!K&&'!>*33>!/&&*!(&!
94''&=!'&*&=!.)&*!+&!X&+&*'3=+@&!L7'(77*#!
!
H=!+&!4=(&*)4&9@!4@!74(>&?*&4+&*!4=>&>33=!.Q!+&!4=?7*>&*4=>?&K.&P(&!)3=!
*&@Q.=+&=(&=#!C&&'!)3=!K&=!>&)&=!33=!+3(!2._=!L7*@7@!K7=!)..*3'!
33=(*&::&'48:!'48:(!93==&&*!2&!Q*3:(4@LK&!4=P.*/3(4&!2.7+&=!:*48>&=#!6&!
=.&/&=!)&*@LK4''&=+&!.=+&*9&*Q&=!933*.)&*!4=P.*/3(4&!=7((4>!2.7!248=A!
.=+&*!3=+&*&a!?&'3@(4=>3P+*3LK(!&=!(&*7>>3)&A!Q&=@4.&=.Q?.79A!X&+&*'3=+@&!
)&*:&&*@*&>&'@A!933*!8&!&&=!?33=!:7=(!)4=+&=A!+&!*&LK(&=!+4&!8&!K&?(!3'@!
3*?&4+@/4>*3=(A!933*!8&!:7=(!LK&L:&=!.P!8&!74(2&=+?7*&37!?.=3P4+&!4@A!
24&:(&:.@(&=)&*2&:&*4=>A!=33*!+&!+.:(&*!>33=A!>&2.=+K&4+@2.*>A!
293=>&*@LK3Q@)&*'.PA!4=P.*/3(4&!.)&*!;-"!4=@LK*48)4=>A!93(!+&!)..*933*+&=!

GGR!

1$A4**9=L%93%/,9,-4"3,)/*34,-

248=!./!K4&*!=33*!@LK..'!(&!>33=A!&=2#!S=+&*@(33=+&!O..'@&!*&@Q.=+&=(!+4&!
K4&*!3'!(9&&!833*!9..=(!>&&P(!+&!).'>&=+&!(4Q@B!!
!
Q!7-&,"7I-"$%I-D,9*'34")I-#$,->,-**")463,-7%"3-&$,"-,"-#$,-9*")->,-,/2,,-7%"30*A#3,"-]-S$0,9-4"-T,&,/9*"&-*9'-4"-Y$9,"J-.,/&,/I-S$/)+,/S,7,/4")I-0*3-0$/&3+,/)$,&-,"-#$,-#,3-,/%43-S4,3-]-#$,-#,3-S$/)'B'3,,2-0,/73?-*6'(/*7,"-2,3*/3',"I-S4,7,"#%4S,"I-,"S$+$$/3-EZG-,"-0*3-4"6$/2*34,-$+,/-%437,/4")-D4>'A#,4&4")I-S$/)I-S0*"),/'A#*('%437,/4")-]-&43-'$$/3-&4"),"-2$,3,"-&%4&,94>7%43),9,)&-0$/&,"I-0*"3-2,"',"-7$2,"-0,9-*A#3,/-&,S,-4"6$/2*34,-2**/-(*'"*&*3-S,-,,"-34>&>,-#4,/-0$","-]-4"-(9**3'-+*"-#,3-+*"*6-#,3-D,)4"-3,-/,),9,"J-U,9$(,"-*A#3,/J-!7-04'3-D4>+$$/D,,9&-+$$/#,,"-"4,3-&*3-47-0*3-),9&-3,/%)-7$"7/4>),"-+*"-24>"-S$/)+,/S,7,/4")I-,"-&43->**/-&$,-47-&*3-+$$/-#,3-,,/'3J-X%'-47#,D-&,S,-30,,->**/-),9&-+,/9$/,"ZV-E/N8G--

!
`&2&!*&@Q.=+&=(!+&=:(A!=&(!3'@!&=:&'&!3=+&*&!*&@Q.=+&=(&=A!+3(!3'@!/&=!K4&*!
@'&LK(@!)..*!&=:&'&!/33=+&=!)3=!Q'3=!4@!(&!?'48)&=!/&=!>&&=!?&K.&P(&!33=!
&&=!4=?7*>&*4=>L7*@7@!23'!K&??&=#!
!
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

!
-.)&=+4&=!>&)&=!&=:&'&!>&q=(&*)4&9+&=!33=!9&'!&&=!4=?7*>&*4=>L7*@7@!(&!
94''&=!).'>&=!/33*!)*3>&=!24LK!=&(!3'@!?48!+&!(33''&@@&=!3P!93==&&*!K&(!+3=!
2.7!/.&(&=A!33=>&24&=!2&!'3=>&!9&*:+3>&=!/3:&=#!-48!.=+&*@(33=+&!
*&@Q.=+&=(!4@!+4(!..:!K&(!>&)3'#!
!
Q!7-&,"7-&*3-47-#,3-0,9-S$%-0499,"-2**/-47-+/**)-2,-*6-#$,-47-#,3-2,3-24>"-0,/7S$%-2$,3,"-A$2D4",/,"J-[,-0,/73-,97,-&*)-+*"-S,+,"-3$3-+4>6I-S,'-%%/-&%'-47+/**)-2,-*6-$6-#,3-4"-#,3-/$$'3,/-S$%-(*'',"JV-E/NFG-

!
S.:!4@!+&!>&q=(&*)4&9+&=!>&)*33>+!.P!/&=!)..*!+&!4=?7*>&*4=>L7*@7@!2.7!
94''&=!?&(3'&=#!C&*@LK4''&=+&!*&@Q.=+&=(&=!>&)&=!33=!+4(!'4&)&*!=4&(!(&!94''&=#!
%3==&&*!K&(!&LK(!=4&(!3=+&*@!:3=A!2.7+&=!)&*@LK4''&=+&!>&q=(&*)4&9+&=!K4&*!
&&=!:'&4=!?&+*3>!)..*!.)&*!K&??&=!3'@!K&(!&&=!Q*3:(4@LK!>&.*4Z=(&&*+&!L7*@7@!
2.7!248=#!<=:&'&!*&@Q.=+&=(&=!'&>>&=!74(!+3(!)..*!)&&'!3*?&4+@/4>*3=(&=!
4//&*@!K&(!K..P++.&'!4@!./!2.!)&&'!/.>&'48:!>&'+!(&!)&*+4&=&=!&=!2.!9&4=4>!
/.>&'48:!74(!(&!>&)&=#!

GGV!

5$$6&'3%7-R-

S=+&*@(33=+&!O..'@&!*&@Q.=+&=(!>&&P(!33=!+3(!K48!&*!=4&(!(.&!)&*Q'4LK(!2.7!
94''&=!9.*+&=!./!&&=!4=?7*>&*4=>L7*@7@!(&!).'>&=#!S.:!&&=!3=+&*&!
*&@Q.=+&=(!>&&P(!+4(!33=#!!
!
Q@9'-#,3-+,/(94A#3-S$%-S4>"I-&*"-S,7,/-"4,3J-:**/-*9'-#,3-*9'-,,"-$(34,-S$%-S4>"I&*"-24''A#4,"-EZG-.,/(94A#34")-4'-"4,3-**"9$77,94>7-+$$/-Y$$9',-2,"',"JV-E/FNG--

?D@!

V27%*6$-72+,*7,$+-48!&&=!3=+&*&!4=+4L3(.*!)..*!@.L433'TL7'(7*&'&!4=(&>*3(4&A!@.L43'&!L.=(3L(&=A!
>33(!K&(!./!+&!&(=4@LK&!@4>=3(77*!)3=!L.=(3L(&=!.Q!K&(!9&*:A!4=!+&!948:!&=!
)*48&(48+@L.=(3L(&=#!<*!9.*+(!>&:&:&=!4=!K.&)&**&!/&=!L.=(3L(&=!K&&P(!/&(!
37(.LK(.=&!X&+&*'3=+&*@A!'3=+>&=.(&=A!3=+&*&!S.@(T<7*.Q&3=&=!4=!
X&+&*'3=+!&=!3=+&*&!3''.LK(.=&=#!!
!

^*#$6-?D>E-'27%*6$-72+,*7,$+-+**"-,K4$-(%)"*+,S-8$"R2(',)"2$4-$+-)$'6*78,i--

!!
S.*')0'!.>!1#'!E#(@!
'%*$#MN$#/4+!Y4G42&%/G42)!#K!*:!:421!
&%/G04/#$4/!#K!*:!:421!
%/G424![#)$VP*2#K4%/4/!#K!N4$!:421!
"*214/A!H%2#11%/4/A!J*29/%-42)!4.G.!#K!*:!:421!
S.*')0'!%*!5#!E%4@!
'%*$#MN$#/4+!Y4G42&%/G42)!9/!G4!:9;1!
&%/G04/#$4/!9/!G4!:9;1!
%/G424![#)$VP*2#K4%/4/!9/!G4!:9;1!
"*214/A!H%2#11%/4/A!J*29/%-42)!4.G.!9/!G4!:9;1!
S.*')0'!%*!J(%4#!'%45!
'%*$#MN$#/4+!Y4G42&%/G42)!9/!*:!829;4!$9;G!
&%/G04/#$4/!9/!*:!829;4!$9;G!
%/G424![#)$VP*2#K4%/4/!9/!*:!829;4!$9;G!
"*214/A!H%2#11%/4/A!J*29/%-42)!4.G.!9/!*:!829;4!$9;G!
S.*')0'!1#(@.<&'/)*5!
O#4!8%%1!N44X$!*!M#/$%M$!-4$!X%-9&94!9/!*:!
N421#-)$&%/Gg!
O#4!8%%1!N44X$!*!M#/$%M$!-4$!8294/G4/!4/!14//9))4/!9/!*!

$#$%%&!
!
?AE!
?AD!
?A<!
<AE!
!
?A?!
?A?!
<AD!
<AC!
!
<AE!
?A=!
<A=!
<A>!
!
CA>!
?AE!

-.&%/0!
!!
CA<!
?AE!
?A?!
?AF!
!!
?A@!
?A?!
<AD!
<A@!
!!
?A<!
?AD!
<A@!
<A>!
!!
CA>!
?AE!

1#2$!
!!
?AD!
?AD!
?A<!
<AE!
!!
?A<!
?AC!
<AD!
<AC!
!!
<AD!
?A=!
<A=!
<A>!
!!
CA>!
?AE!

3#&4/!
!!
?AE!
CAF!
?A<!
?A>!
!!
?AC!
?A?!
<AD!
<AB!
!!
<AE!
?A=!
<A@!
<A>!
!!

5*&67#4!
!
?AB!
?A=!
<A=!
<A>!
!
<A=!
?AC!
<AB!
<AF!
!
<AE!
?AD!
<AB!
>AE!
!

#84290!
!!
CAF!
?A?!
?A@!
<AD!
!!
?A?!
?A?!
?A>!
<AC!
!!
?AF!
?AE!
?A<!
<AF!
!!

CAF!
?AD!

CA@!
CA<!

CA>!
?AE!

-%/!
!
?AE!
?AE!
?A<!
?AF!
!
?A<!
?AC!
<AD!
<AB!
!
<AE!
?A=!
<AD!
<A>!
!

82#*:!
!
?AE!
?AD!
?A<!
<AE!
!
?A?!
?A?!
<A=!
<AC!
!
<AE!
?AE!
<AB!
<AF!
!

CA>!
?AD!

CA>!
CAF!

b!JMN%%&S>h!/##9$A!<h!(9;/%!/##9$A!?h!)#-)A!Ch!8%%1A!Bh!N44&!8%%1!
M/$"?-<:;<-FNNOI-P4'D$-

!
<L.*d@!\DEEU]!L.=L'7+&&*(!+3(!3*?&4+@/4>*3=(&=!74(!+&!=4&79&!S.@(T<7*.Q&@&!
<YT'4+@(3(&=!/&&@(3'!4=!>*.&Q8&@!9&*:&=!&=!24LK!=4&(!.P!=379&'48:@!.QK.7+&=!
/&(!+&!X&+&*'3=+@&!3*?&4+@:*3LK(&=#!Y4(!.=@!.=+&*2.&:!?'48:(!&LK(&*!+3(!+&!
*&L&=(&!$4++&=T!&=!S.@(T<7*.Q&@&!3*?&4+@/4>*3=(&=!.Q!K&(!9&*:!K&(!/&&@(!
L.=(3L(!/&(!37(.LK(.=&!X&+&*'3=+&*@!.P!'3=+>&=.(&=!K&??&=#!$&=!K&&P(!.Q!
K&(!9&*:!/4=+&*!L.=(3L(!/&(!3=+&*&!S.@(T<7*.Q&3=&=!&=!J7*:&=A!
07*4=3/&*@A!$3*.::3=&=A!&(L#!`&!/4++&''3=>&!(&*/48=!/4>*3=(&=!K&??&=!

GGU!

1$A4**9=L%93%/,9,-4"3,)/*34,-

@4>=4P4L3=(!/&&*!L.=(3L(!/&(!37(.LK(.=&=!.Q!K&(!9&*:!+3=!+&!/4>*3=(&=!+4&!
K4&*!:.*(&*!248=#!!
!

[&(!9&*:!4@!&&=!Q'33(@!933*!/&=!)3:&*!4=!L.=(3L(!:./(!/&(!)&*@LK4''&=+&!

>*.&Q&=A!+3=!4=!+&!948:!.P!4=!+&!)*48&!(48+#!!
H=!+&!948:!K&??&=!+&!$S<T'3=+&*@!..:!K&(!/&&@(!L.=(3L(!/&(!'3=+>&=.(&=!
&=!37(.LK(.=&!X&+&*'3=+&*@A!/4=+&*!/&(!3=+&*&!S.@(T<7*.Q&3=&=!&=!K&(!
/4=@(!/&(!3=+&*&!&(=4@LK&!>*.&Q&=!3'@!J7*:&=A!$3*.::3=&=A!&(L#!<=!..:!K4&*!
24&=!9&!9&&*!+3(!+&!/4>*3=(&=!+4&!K4&*!4&(@!'3=>&*!248=A!@4>=4P4L3=(!/&&*!
./>33=!/&(!37(.LK(.=&!X&+&*'3=+&*@!+3=!+&!3*?&4+@/4>*3=(&=!+4&!+4(!833*!
.P!).*4>!833*!248=!33=>&:./&=#!!
!

`&!-7'>3*&=!&=!1.&/&=&=!K&??&=!.Q!K&(!9&*:!&=!4=!+&!948:!4=!

)&*>&'48:4=>!/&(!+&!3=+&*&!=3(4.=3'4(&4(&=!/4=+&*!L.=(3L(!/&(!/&=@&=!?74(&=!
K7=!&4>&=!>*.&Q!+3=!+&!3=+&*&!K&*:./@(>*.&Q&=#!
!

H=!K7=!)*48&!(48+!K&??&=!+&!3*?&4+@/4>*3=(&=!)&*74(!K&(!/&&@(&!L.=(3L(!

/&(!'3=+>&=.(&=#!$&=!K&&P(!4=!/4=+&*&!/3(&!L.=(3L(!/&(!37(.LK(.=&!
X&+&*'3=+&*@!&=!)&*).'>&=@!3=+&*&!S.@(T<7*.Q&3=&=#!H=!+&!)*48&!(48+!K&&P(!
/&=!)&*74(!K&(!/4=@(!L.=(3L(!/&(!J7*:&=A!$3*.::3=&=A!07*4=3/&*@A!&(L#!!
!

`&!/4++&''3=>&!(&*/48=!/4>*3=(&=!K&??&=!..:!4=!K7=!)*48&!(48+!@4>=4P4L3=(!

/&&*!L.=(3L(!/&(!37(.LK(.=&!X&+&*'3=+&*@!+3=!+&!/4>*3=(&=!+4&!K4&*!=.>!
/33*!:.*(&*!248=#!SQ)3''&=+!4@!(&=@'.((&!+3(!9&!&&=!)&*@LK4'!24&=!(&=!33=24&=!
)3=!K&(!L.=(3L(!/&(!3=+&*&!S.@(T<7*.Q&3=&=!(7@@&=!+&!K&*:./@('3=+&=B!`&!
-7'>3*&=!&=!1.&/&=&=!K&??&=!=&(!3'@!+&!O.'&=!@4>=4P4L3=(!/4=+&*!L.=(3L(!
/&(!3=+&*&!S.@(T<7*.Q&3=&=!4=!K7=!)*48&!(48+!+3=!+&!/4>*3=(&=!74(!+&!
.)&*4>&!$S<T'3=+&=#!
!
H=!+&!+4&Q(&T4=(&*)4&9@!248=!9&!..:!4=>&>33=!.Q!+4(!.=+&*9&*Q#!S=+&*@(33=+&!
O..'@&!*&@Q.=+&=(!)&*(&'(!+3(!K48!?74(&=!K&(!9&*:!=4&(!/3::&'48:!4=!L.=(3L(!
:./(!/&(!37(.LK(.=&!X&+&*'3=+&*@#!
!
Q!7-7,"-,,"-(**/-T,&,/9*"&,/'-]-+$$/*9-&$$/-24>"-0,/7-]-$(-'3/**3-$"32$,3-47#,"-"4,3J-!7-+/**)-2,"',"-$(-'3/**3-"4,3?-Q5,,I-049->,-24>"-+/4,"&-S4>"pf_9*A#,"&I-P4'D$`-EZG-:,,'3*9-)**"-S4>-_T,&,/9*"&',-A$99,)*f'I-P4'D$`-'*2,"-D4,/&/4"7,"-,"-04>-$$7-'*2,"JVE/NFG-

!
<&=!3=+&*&!-7'>33*@&!/4>*3=(!)&*(&'(!4=!K&(!4=(&*)4&9!+3(!2&!/&(!=3/&!
-7'>33*@&!)*4&=+&=!K&&P(!&=!/./&=(&&'A!3P>&24&=!)3=!.Q!K&(!9&*:A!9&4=4>!4=!
L.=(3L(!:./(!/&(!/&=@&=!?74(&=!K33*!K&*:./@(>*.&Q#!
!
Q54,/-#,D-47-+,,9-2,"',"-$"32$,3J-[*I-2,3-'$224),-#,DD,"-0,-9*")&%/4),+/4,"&'A#*((,"-$(),D$%0&I-2**/-$"S,-+/4,"&,"-S4>"-M%9)*/,"J-!7-#,D-),,"T,&,/9*"&',-+/4,"&,"J-!7-#,D-gg"-Y$$9',-+/4,"&4"I-0,-9,,6&,"-3,),94>7,/34>&-4"-&,-

GGI!

5$$6&'3%7-R-

A*/*+*"'-EZG\-gg"-Y$/3%),',-6*2494,I-S4>-0,/73,"-$$7-#4,/-EZGJ-T%-#4,/-4"-&43#%4'I-S433,"-0,-*6),S$"&,/&-,"-0,-#,DD,"-"4,3-2,3-+,,9-2,"',"-A$"3*A3-$2#,A#3,/-3,-7%"","-0$/&,"J-!7-'(/,,7-),,"-2,"',"-+*"-*"&,/,-"*34$"*943,43,"I),,"-1%/4"*2,/'I-),,"-^%/7,"J-X,-Y$9,"\-0,-)/$,3,"-,97**/J-^4>&,"'-&,-9%"A#,"-&,-7$664,(*%S,-S,)),"-0,-c,,3-'2*7,94>7fJ-EZG-X,-T,&,/9*"&,/'\-4"-&,-(*%S,",2,"-S,-&,-*%3$-,"-)**"-"**/-#%4'-$2-3,-9%"A#,"J-e,-#,DD,"-"4,3-+,,9-34>&'*2,"-2,3-#,"J-U,-#,DD,"-,,"-D$/&-0**/$(-S,-'A#/4>+,"-04,-,/->*/4)-4'-,"-04,,,"-D*DB-),7/,),"-#,,63I-&*"-0$/&,"-0,-),3/*73,,/&I-+$$/-&,-D*DB-7/4>),"-0,&,-7$,7>,'-2,3-),79,%/&,-&4"),"-,/$(\-#,3-0*'-/$S,-+$$/-,,"-2,4'>,J-EZG-!77,"-"4,2*"&-4"-&,-/,)4$-$6-4"-&,-D%%/3J-!"-24>"-+/4>,-34>&-'(/,,7-47-"4,3-2,3-+,,92,"',"I-'$2'-0,9-4"-&,-'%(,/2*/73-D4>-#,3-7$664,&/4"7,"JV-E/NRG-

?DF!

M"%T$-,%T&'#$',$&%+)[.&!?&@(&+&=!+&!*&L&=(&!3*?&4+@/4>*3=(&=!74(!+&!$S<T'3=+&=!K7=!)*48&!(48+g!
`&!)*48&(48+@?&@(&+4=>!)3=!+&!*&@Q.=+&=(&=!4@!4=!P4>77*!I#U!33=>&>&)&=#!!
!

&4`4/A!$8!19;14/A!-*`941!&*9)$424/

!

B>A?

!
9/$42/4$$4/A!M#-K*$424/

CCAD

!

: 9/14&4/

!

X%-9&94A!8294/G4/

!

C>A?

?>AB

!
M%XiA!*9$4$4/A!G9)M#
)K#2$4/
%/G424!N#((ej)

<DA@

!
!

<BA@

!

>?A=

!
1421
-*)4*-A!$N4%$42A!(9#)M##K
%/G42)A!/%-4&9;1

><A@

!
!

>FAE

!

BAE

!
829;: 9&&9042): 421

<A>

!

FAF !

>FAF

<FAF

?FAF

CFAF

BFAF

@FAF

=FAF

DFAF

EFAF

>FFAF

!
!
[%).."-?DXE-M"%T$,%T&'#$',$&%+)-a%+-bc-M/$"?-<:;<-FNNOI-P4'D$!

SQ!G!)3=!+&!(.QTV!)*48&!(48+@?&@(&+4=>!)3=!+&!*&L&=(&!3*?&4+@/4>*3=(&=!74(!
+&!$S<T'3=+&=!@(33(B!'&2&=j!()T:48:&=j!/724&:!'74@(&*&=!\VGi]!&=!.Q!D!
4=(&*=&((&=j!L./Q7(&*&=!\RVi]#!SP(&9&'!3''&/33'!3L(4)4(&4(&=!+4&!/&=!
4=+4)4+7&&'!&=!?4==&=@K74@!:3=!+.&=#!!

GGM!

1$A4**9=L%93%/,9,-4"3,)/*34,-

!

SQ!N!@(33(!94=:&'&=!\RGi]!&=!.Q!+&!)4&*+&!Q'&:!@(33=!P3/4'4&!&=!)*4&=+&=!

\NDi]#!Y4(>33=A!+#9#2#!=33*!K&(!L3Pl!>33=A!74(!&(&=!>33=!.P!=33*!+&!+4@L.!
@(33(!.Q!+&!)48P+&!Q'&:!\DFi]#!!
!

%&!24&=!K4&*4=!9&'!+74+&'48:!)&*@LK4''&=!(7@@&=!/3==&=!&=!)*.79&=#!

C*.79&=!?*&=>&=!K7=!)*48&!(48+!@4>=4P4L3=(!)3:&*!+3=!/3==&=!+..*!/&(!G]!
'&2&=A!()!:48:&=!&=!/724&:!'74@(&*&=A!D]!94=:&'&=A!N]!/&(!P3/4'4&!&=!)*4&=+&=!
&=!/&(!R]!+&!:&*:#!C*.79&=!@Q.*(&=!@4>=4P4L3=(!/4=+&*!)33:!+3=!/3==&=#!!
!
%&!K&??&=!+&!*&@Q.=+&=(&=!4=!+&!4=(&*)4&9@!>&)*33>+!K7=!>&/4++&'+&!+3>!
(&!?&@LK*48)&=#!`&!>*.(&!/&&*+&*K&4+!/33:(!'3=>&!9&*:+3>&=B!@(33(!)*.&>!
.Q!&=!:./(!'33(!(K74@A!933*+..*!&*!_@!3).=+@!=.>!9&4=4>!(48+!)..*!
.=(@Q3==4=>!.)&*?'48P(#![4&*.=+&*!&&=!)..*?&&'+!)3=!K.&!+&!+3>!)3=!&&=!
*&@Q.=+&=(!&*!74(!24&(B!!
!
Q!7-'3*-$2-70*/3-$+,/-+4,/-$(-,"-47-S,3-7$664,J-!7-)*-,+,"-S433,"-,"-$2-70*/3+$$/-S,'-+,/3/,7-47J-!7-D,)4"-$2-S,+,"-%%/-2,3-0,/7,"J-!7-0,/7-3$3-+4>6-%%/J-e,#,DD,"-&/4,-(*%S,'?-30,,-7,,/-304"34)-24"%3,"-,"-,,"-+*"-&,/34)-24"%3,"J-X*")*-47-3,/%)-"**/-#%4'-]-47-+,/3/,7-$2-34,"-$+,/-+4>6-]-*9'-,/-649,-4'I-7*"-#,3-#,,99*")-&%/,"-]-24''A#4,"-0,9-*"&,/#*96-%%/J-!7-D,"-$2-#*96-S,+,"-3#%4'I-47-,,30*3I-0*'-2,S,96-,"-47-)*-"**/-&,-'($/3'A#$$9-]-&**/-D,"-47-3$3-34,"-%%/J-!7-7$23,/%)-,"-&*"-)*-47-"**/-D,&JV-E/8OG--

!
_@!").=+@!=3!K&(!9&*:!248=!)&&'!)3=!+&!>&q=(&*)4&9+&=A!933*.=+&*!
.=+&*@(33=+&!*&@Q.=+&=(A!/.&!933*+..*!2&!9&4=4>!&=&*>4&!/&&*!K&??&=!./!
4&(@!(&!.=+&*=&/&=a!
!
QX,-0**/#,4&-4'-&*3-0*"",,/->,-3,/%)7$23-+*"->,-0,/7I->,-#,3-#,9,2**9-),#*&#,D3J-X*"-4'-#,3-&$%A#,"I-,3,"I-0*3-(/*3,"-2,3-6*2494,-,"-"**/-D,&J-X**/-_$24,3'-3,-$"&,/",2,"I-P4'D$`-4'-3,-0,4"4)-34>&-+$$/J-;(-#,3-0,/7-D,"->,-&,/34,"-%%/D,S4)-,"-0*3-7*"->,-&*"-+,/0*A#3,"-+*"-,,"-$/)*"4'2,p-X*3-#,3-9*"),/-&$$/7*"-)**"pV-E/FNG-

!
H=!K&(!9&&:&=+!/3:&=!+&!/&&@(&!>&q=(&*)4&9+&=!74(@(3Q8&@A!2.3'@!=33*!+&!
:7@(A!K&(!?&2.&:&=!)3=!&&=!@(3+!.P!+&!W4=+&*+48:A!94=:&'&=A!@Q.*(&=A!&(L#!<=!
.Q!2.=+3>!>33=!&*!)&*@LK4''&=+&!*&@Q.=+&=(&=!=33*!+&!:&*:#!!
!
Q./4>,-34>&-]-T*&*3-47-+*"-#,3-0,/7-3#%4'-7$2-]-,/-S4>"-*934>&-2,"',"-4"-$"'-#%4']-+/4,"&,"I-+/4,"&,"-+*"-+/4,"&,"-]-&%'-2,,'3*9-4'-#,3?-4"3,/",3I-6492'I-0*3(/*3,"-,"-47-)*-"**/-D,&J-^4>&,"'-#,3-0,,7,"&-S4>"-,/-2,,'3*9-%43'3*(>,'-]-0,D,S$,7,"-,,"-"4,%0,-'3*&I-0,-)**"-"**/-#,3-'3/*"&-$6-+$$/-)/$3,-4"7$(,"-$6-0,"$&4),"-0*3-2,"',"-3#%4'-%43-,"-0,-$/)*"4',/,"-4,3'JV-E/N8G-J--

!
0.//4>&!>&q=(&*)4&9+&=!>&)&=!33=!.Q!23(&*+3>!9&*:&=A!./+3(!2&!2.)&&'!
/.>&'48:!>&'+!94''&=!)&*+4&=&=#!S=+&*@(33=+&!*&@Q.=+&=(!>&&P(!33=!+3(!K48!

GGF!

5$$6&'3%7-R-

>&&=!)&*).&*!K&&P(!./!4&(@!(&!.=+&*=&/&=A!+7@!/&+&!+33*./!2.)&&'!
/.>&'48:!Q*.?&&*(!(&!9&*:&=#!
!
Q:,,'3*9-0,/7,"-0,-$"),+,,/-,96-%%/-(,/-&*)J-X*3-4'-$"S,-,4),"-0,"'J-e,+/*),"-,/-$$7-$2-0*"3-0,-0$/&,"-(,/-%%/-D,3**9&-,"-0,-S4>"-#4,/-$2-3,0,/7,"J-.$$/-&,-$+,/%/,"-7/4>),"-0,-),,"-#$),/-%%/3*/4,6J-e,-0,/7,"-$$7-$(S*3,/&*)I-$(-S$"&*)-2,,'3*9-"4,3I-2**/-&*3-S$%-47-0,9-0499,"-0*"3-$(-S$"&*),"+,/+,,9-47-2,-*934>&J-!7-#,D-"47'-*"&,/'-3,-&$,"J-.$/4)->**/-#,DD,"-0,-+,,9),/,4'&-4"-&,-$2),+4")-2**/-&43->**/-#,DD,"-0,-$(-$"S,-+/4>,-&*),"-),,"+,/+$,/JV-E/NbG-

!
<&=!*&@Q.=+&=(!)&*(&'(!+3(!K48!4=!K&(!&&*@(&!833*!=.>!=4&/3=+!:&=+&!./!4&(@!
/&&!(&!.=+&*=&/&=!&=!+33*./!/33*!2.)&&'!/.>&'48:!9&*:(&B!!
Q5,3-,,/'3,->**/-&*3-47-#4,/-0*'I-7,"&,-47-#,9,2**9-"4,2*"&J-!7-#*&-"4,3-,,"'4,2*"&-0**/2,,-47-,,"-7$(>,-7$664,-7$"-)**"-&/4"7,"J-X**/$2-0*'-#,3-3$,"+$$/-24>-#,3-D,'3,-$2-&,-#,9,-34>&-3,-0,/7,"-4"-(9**3'-+*"-*99,,"-3#%4'-3,S433,"JV-E/NOG-

!
%&!K&??&=!..:!>&)*33>+!.P!/&=!9&'&&=@!74(>33(#!SQ)3''&=+!4@!+3(!@.//4>&!
O..'@&!*&@Q.=+&=(&=!4=!+&!4=(&*)4&9@!)&*(&''&=!+3(!2&!33=!+&!+&7*!)3=!&&=!
L'7?!.P!+4@L.!>&9&4>&*+!9&*+&=#!S.:!.=+&*@(33=+&!O..'@&!*&@Q.=+&=(&!:93/!
+&!+4@L.!=4&(!?4==&=!)3=9&>&!K33*!3LK(&*>*.=+#!!
!
-Q!"-24>"-),+*9I-S$&/*-S,-,/*A#3,/-70*2,"-&*3-0,-%43-Y$9,"-70*2,"I-S,4&,"-S,c",,fJV-E/8FG-

?DY!

V*($+9*,,%+)-H=!+4(!K..P+@(7:!248=!9&!4=>&>33=!.Q!+&!@.L433'TL7'(7*&'&!4=(&>*3(4&!)3=!
*&L&=(&!/4>*3=(&=!74(!+&!$S<T'3=+&=#!
S/!+&!@.L433'TL7'(7*&'&!4=(&>*3(4&!4=!:33*(!(&!?*&=>&=!9.*+(!&*!(&=!&&*@(&!
@(4'>&@(33=!?48!+&!(33'?&K&&*@4=>!)3=!+&!$S<T'3=+&*@#!C3=!+&!/4>*3=(&=!
K&&P(!+&!/&&*+&*K&4+!>&&=!X&+&*'3=+@!>&'&&*+#!<&=!)48P+&!K&&P(!&&=!
(33'L7*@7@!>&).'>+#!`*4&:93*(!)3=!+&!$S<T'3=+&*@!@Q*&&:(!+3=!..:!>&&=!(.(!
/3(4>!X&+&*'3=+@#!`&!*&L&=(&!3*?&4+@/4>*3=(&=!@Q*&:&=!?&(&*!<=>&'@!&=j.P!
`74(@#!%&'!24&=!9&!+3(!K.&!'3=>&*!+&!*&@Q.=+&=(&=!4=!X&+&*'3=+!248=A!K.&!
?&(&*!K7=!X&+&*'3=+@!9.*+(#!!
!

$&&*!+3=!+&!K&'P(!)3=!+&!$S<T'3=+&*@!@Q*&&:(!\?48=3]!=..4(!X&+&*'3=+@!.Q!

K&(!9&*:#!$&(!)*4&=+&=!&=!:&==4@@&=!9.*+(!=.>!/4=+&*!)33:!X&+&*'3=+@!
>&@Q*.:&=#!J.LK!2&>(!&&=!>*..(!+&&'!24LK!3'(48+!.P!/&&@(3'!(&!:7==&=!*&++&=!
/&(!248=!K74+4>&!(33'?&K&&*@4=>#!`&!.)&*>*.(&!/&&*+&*K&4+!)3=!+&!$S<T

GDE!

1$A4**9=L%93%/,9,-4"3,)/*34,-

'3=+&*@!2.7!&LK(&*!9&'!\?&(&*]!X&+&*'3=+@!94''&=!'&*&=!&=!94'!\/&&*]!.)&*!+&!
X&+&*'3=+@&!L7'(77*!'&*&=#!!
!

"=+&*&!4=+4L3(.*&=!)..*!@.L433'TL7'(7*&'&!4=(&>*3(4&!).*/&=!+&!/3(&!&=!+&!

&(=4@LK&!@4>=3(77*!)3=!+&!@.L43'&!L.=(3L(&=#!SQ!K&(!9&*:!K&??&=!+&!*&L&=(&!
3*?&4+@/4>*3=(&=!74(!+&!$S<T'3=+&=!K&(!/&&@(!L.=(3L(!/&(!37(.LK(.=&!
X&+&*'3=+&*@!.P!'3=+>&=.(&=#!$&=!K&&P(!.Q!K&(!9&*:!/4=+&*!L.=(3L(!/&(!
3=+&*&!S.@(T<7*.Q&3=&=!&=!J7*:&=A!07*4=3/&*@A!$3*.::3=&=A!&(L#!H=!+&!948:!
K&&P(!/&=!..:!K&(!/&&@(!L.=(3L(!/&(!'3=+>&=.(&=!&=!37(.LK(.=&!
X&+&*'3=+&*@#!H=!K7=!)*48&!(48+!K&??&=!+&!3*?&4+@/4>*3=(&=!&LK(&*!)&*74(!K&(!
/&&@(&!L.=(3L(!/&(!'3=+>&=.(&=!&=!=379&'48:@!L.=(3L(!/&(!J7*:&=A!
$3*.::3=&=A!07*4=3/&*@A!&(L#!!
!

[&(!9&*:!4@!+7@!&&=!Q'33(@!933*!/&=!*&'3(4&P!)3:&*!4=!L.=(3L(!:./(!/&(!

)&*@LK4''&=+&!>*.&Q&=A!+3=!4=!+&!948:!.P!4=!+&!)*48&!(48+#!
!

`&!$S<T'3=+&*@!?&@(&+&=!+&!/&&@(&!)*48&!(48+!33=!3L(4)4(&4(&=!+4&!/&=!

4=+4)4+7&&'!&=!?4==&=@K74@!:3=!+.&=!2.3'@!'&2&=A!()!:48:&=!.P!/724&:!
'74@(&*&=A!4=(&*=&((&=!.P!L./Q7(&*&=#!J&=@'.((&!@(33(!94=:&'&=!4=!+&!(.QTN!)3=!
)*48&T(48+@?&@(&+4=>#!!
!

GDG!

Z225&',.R-A!

AD>!

[%+*+7%\6$-7"%'%'-$+^2$R2(',46*++$+-

U+6$%&%+)H=!+4(!'33(@(&!K..P+@(7:!@(33=!9&!@(4'!?48!&&=!3L(7&&'!.=+&*9&*QA!=3/&'48:!+&!
P4=3=L4Z'&!L*4@4@#!SQ!?3@4@!)3=!:93'4(3(4&P!/3(&*433'!9.*+(!4=>&>33=!.Q!K&(!
&PP&L(!)3=!+&!P4=3=L4Z'&!L*4@4@!.Q!+&!3*?&4+@/4>*3=(&=!74(!+&!$S<T'3=+&=!4=!
X&+&*'3=+!\Q3*3>*33P!M#D]#!!
H=!Q3*3>*33P!M#N!9.*+(!4=>&>33=!.Q!+&!(.&:./@(Q'3==&=!)3=!+&!$S<T
'3=+&*@#!`33*?48!:./&=!)*3>&=!33=!+&!.*+&!2.3'@!.P!&=!K.&!'3=>!/&=!)3=!
Q'3=!4=!X&+&*'3=+!(&!?'48)&=A!.P!+&!/4>*3=(&=!K7=!Q3*(=&*!&=j!.P!:4=+&*&=!
=33*!X&+&*'3=+!(&!K3'&=!.PA!4=+4&=!/&=!=33*!K&(!K&*:./@('3=+!(&*7>!94'A!/&=!
)3=!Q'3=!..:!9&&*!=33*!X&+&*'3=+!(&*7>!(&!:&*&=#!%&!?3@&*&=!.=@!K4&*?48!
9&+&*./!.Q!.=@!:93=(4(3(4&)&!@7*)&dT.=+&*2.&:!.=+&*!*&L&=(&!
3*?&4+@/4>*3=(&=A!+&!+4&Q(&T4=(&*)4&9@!+4&!9&!/&(!DG!)3=!K&=!K&??&=!
>&K.7+&=!&=!+&!>&@Q*&::&=!/&(!@'&7(&'4=P.*/3=(&=#!!

ADG!

355$7,-5%+*+7%\6$-7"%'%'`&!:*&+4&(L*4@4@!K&&P(!&*!3P>&'.Q&=!833*!4=!X&+&*'3=+!(.&!>&'&4+!+3(!@.//4>&!
@&L(.*&=!>&:*./Q&=!248=!&=!+&!9&*:'..@K&4+!4@!(.&>&=./&=!(.(!V!Q*.L&=(!4=!
@&Q(&/?&*!DEEF#!"*?&4+@:*3LK(&=!/&(!P'&e4?&'&!3*?&4+@L.=(*3L(&=!248=!)33:!
+&!&&*@(&!+4&!+4(!/&*:&=!+..*+3(!K7=!(48+&'48:&!L.=(*3L(&=!=4&(!)&*'&=>+!
9.*+&=#!`&!)&*93LK(4=>!4@!+3=!..:!+3(!+&!*&L&=(&!$S<T'3=+&*@!+4&!)&&'3'!3'@!
74(2&=+:*3LK(!.P!.Q!?3@4@!)3=!&&=!(48+&'48:!L.=(*3L(!9&*:&=!\24&!Q3*3>*33P!R#R]!
K4&*!)&&'!)3=!27''&=!/&*:&=#!!
!

H=!+&!/&+43!)&*@LK&=&=!K4&*!+&!3P>&'.Q&=!(48+!>&/&=>+&!?&*4LK(&=!.)&*#!

"3=!+&!&=&!:3=(!)&*@LK&=&=!&*!?&*4LK(&=!+3(!O.'&=!>&=..+233:(!248=!K7=!
:.PP&*@!(&!Q3::&=!\<4=+K.)&=@!`3>?'3+!DEEF]#!H=!K&(!O3*..'!\DEEF]!9.*+(!
>&@Q*.:&=!)3=!&&=!/3@@3'&!74((.LK(!)3=!S.@(T<7*.Q&3=&=!74(!"/@(&*+3/!
)3=9&>&!+&!&L.=./4@LK&!L*4@4@#!S.:!K&(!h-0!@Q*&&:(!)3=!&&=!(&*7>>3=>!)3=!
K&(!33=(3'!9&*:=&/&*@!74(!S.@(T<7*.Q3!?&>4=!+4(!833*!+4&!/.>&'48:!

GDN!

5$$6&'3%7-b-

)&*..*233:(!9.*+(!+..*!+&!K74+4>&!*&L&@@4&!&=!+&!(&*7>>3=>!4=!+&!
74(2&=+?*3=LK&!\h-0!DEEF]#!C3=!+&!(48+&'48:&!/4>*3=(&=!4=!K&(!.=+&*2.&:!
=33*!O..'@&!=4&79:./&*@!)3=!JX0TXHOS!\0LK.(K.*@(!DEEF]!?'48:(!/&&*!+3=!
+&!K&'P(!&&=!)&*/4=+&*4=>!)3=!K&(!9&*:33=?.+!(&!&*)3*&=#!!
!

"3=!+&!3=+&*&!:3=(!)&*@LK&=&=!&*!?&*4LK(&=!+3(!K&(!&PP&L(!/&&)3'(#!`&!

74(2&=+:*3LK(&=!74(!O.'&=!9.*+&=!).'>&=@!+&!"-YA!+&!>*..(@(&!
?*3=LK&)&*&=4>4=>!)3=!74(2&=+?7*&37@A!/4=+&*!K3*+!>&*33:(!+..*!+&!*&L&@@4&!
+3=!+&!X&+&*'3=+@&!74(2&=+:*3LK(&=#!`&!)..*24((&*!)3=!"-Y!>&&P(!4=!+&!
C.':@:*3=(!\DEEF?]!K4&*)..*!+&!).'>&=+&!)&*:'3*4=>?Q5,3-D,,9&-&*3-Y$$9',-%43S,"&7/*A#3,"-#*/&-0,/7,"I-"$$43-S4,7-S4>"-,"-"4,3S,%/,"I-D,'3**3-"$)-'3,,&'J-M$+,"&4,"-S4>"-S,-D,/,4&-0,/7-3,-&$,"-0**/T,&,/9*"&,/'-#%"-",%'-+$$/-$(#*9,"JVE.$97'7/*"3I->%94-FNNOG-

!
[&(!33=?.+!)3=!S.@(T<7*.Q&@&!9&*:&*@!@(48>(!).'>&=@!C.':@:*3=(!\DEEF3]!
2&'P@!./+3(!+&!S.@(T<7*.Q&3=&=!+4&!K7=!?33=!:948(!248=!>&*33:(!4=!;*..(T
-*4((3==4ZA!H&*'3=+!.P!H,@'3=+!p!'3=+&=!933*!+&!L*4@4@!3'!&&*+&*!33=(*3+!&=!+&!
&L.=./4@LK&!/3'34@&!=.>!>*.(&*!4@!p!4=!>*.(&=!>&(3'&!K7=!(.&)'7LK(!.Q!+&!
X&+&*'3=+@&!3*?&4+@/3*:(!2.&:&=#!
!!
!

%48!:7==&=!.Q!?3@4@!)3=!.=@!.=+&*2.&:!>&&=!:93=(4(3(4&)&!74(@Q*3:&=!

+.&=!.)&*!K&(!&PP&L(!)3=!+&!L*4@4@!.Q!K&(!3*?&4+@33=?.+!)..*!&=!+&!
3*?&4+@@4(73(4&!)3=!3*?&4+@/4>*3=(&=!74(!+&!$S<T'3=+&=!4=!X&+&*'3=+#!<LK(&*!
4=!+&!4=(&*)4&9@!/&(!$S<T'3=+&*@!&=!/&(!&=:&'&!@'&7(&'Q&*@.=&=!K&??&=!9&!
9&'!33=+3LK(!?&@(&&+!33=!+&!&L.=./4@LK&!L*4@4@#!`&!/&&@(&!)3=!K&=!'3(&=!
9&(&=!.P9&'!2&'P!+&!>&).'>&=!)3=!+&!L*4@4@!(&!&*)3*&=!.P9&'!+4&!4=!K7=!
./>&)4=>!(&!24&=#!!
!

$&&*+&*&!*&@Q.=+&=(&=!)&*(&''&=!+3(!&*!.=(@'3>&=!)3''&=!&=!+3(!&*!/4=+&*!

74(2&=+9&*:!(&!)4=+&=!4@!4=!X&+&*'3=+#!S.:!+&!'.=&=!'48:&=!&*.=+&*!(&!'48+&=#!
<&=!*&@Q.=+&=(!2&>(!&&=!'3>&*!77*(3*4&P!(&!.=()3=>&=!+3=!).*4>!833*!\*EV]!&=!
&&=!3=+&*!)&*(&'(!+3(!K48!+..*!+&!L*4@4@!/4=+&*!'..=@)&*K.>4=>!K&&P(!>&:*&>&=!
\*GG]#!
!

`..*+3(!&*!K4&*!/4=+&*!9&*:!4@!248=!@.//4>&!$S<T'3=+&*@!>&=..+233:(!

(&*7>!(&!>33=!=33*!K7=!K&*:./@('3=+#!C.'>&=@!&=:&'&!*&@Q.=+&=(&=!Q*.?&*&=!
+&!O..'@&!3*?&4+@/4>*3=(&=!&&*@(!K4&*!9&*:!(&!)4=+&=!?48)..*?&&'+!)43!&&=!
\3=+&*]!74(2&=+?7*&37A!/33*!3'@!+3(!=4&(!'7:(A!248=!248!(.LK!)33:!>&+9.=>&=!
./!(&*7>!(&!>33=#!`3(!4@!/&+&!+..*+3(!2&!)33:!4=!9.=4=>&=!)3=!
74(2&=+?7*&37@!)&*?'48)&=#!"'@!K&(!&&=!74(2&=+?7*&37!=4&(!'7:(!./!(48+4>!9&*:!
)..*!+&!3*?&4+@/4>*3=(&=!(&!)4=+&=A!4@!K&(!=4&(!'7L*3(4&P!./!K&=!K4&*!(&!
K.7+&=#!!

GDR!

K4"*"A4m9,-A/4'4'-,"-3$,7$2'3(9*"","-

!
Q5,3-4'-,,"-D,,3>,-$"S,7,/\-#,3-4'-2$),94>7-&*3-0,-*99,2**9-3,/%)-2$,3,"J-U,7%"","-$"'-3,/%)'3%/,"-$2&*3-#,3-+$$/-#,3-%43S,"&D%/,*%-"4,3-,A#3-+$$/&,94)-4'$2-$"'-#4,/-3,-#$%&,"-*9'-0,-"4,3-0,/7,"I-0*"3-S,-D,3*9,"-+$$/-#,3*((*/3,2,"3-,"-&*"-4'-#,3-0,,/-D,'A#47D**/JV-E/8bG-

!
$33*!74(!+&!>&@Q*&::&=!/&(!$S<T'3=+&*@!&=!@'&7(&'4=P.*/3=(&=!?'48:(!+3(!4=!
+&!S.@(T<7*.Q&@&!<YT'3=+&=!+&!L*4@4@!=.>!K3*+&*!).&'?33*!4@!+3=!K4&*#!
[4&*+..*!Q*.?&*&=!)&&'!)3=!+&!$S<T'3=+&*@!+4&!(&*7>!=33*!K7=!K&*:./@('3=+!
>33=!9&&*!.Q=4&79!9&*:!4=!X&+&*'3=+!(&!)4=+&=#!C.'>&=@!/&&*+&*&!
*&@Q.=+&=(&=!:./&=!+..*!+&!&L.=./4@LK&!*&L&@@4&!874@(!/&&*!$S<T'3=+&*@!
+&2&!:3=(!.Q!+3=!)..*K&&=#!<&=!/&+&9&*:&*!)3=!Y%C!+4&!)&&'!L.=(3L(!K&&P(!
/&(!L.''&>3_@!4=!+&!S.@(T<7*.Q&@&!<YT'3=+&=A!?&)&@(4>(!+4(a!

!
QX,-,A$"$24'A#,-A/4'4'-4'-0,9-3,-2,/7,"-4"-&,-;$'3=<%/$(,',-9*"&,"J-!"-Y$9,"-4'#,3-"%-2$,494>7,/-$2-**"-0,/7-3,-7$2,"-,"-&*"-7/4>)->,-&%'-&*3-2,"',"-"**/_e,'3=I-P4'D$`-<%/$(*-7$2,"-,"-$$7-"**/-T,&,/9*"&-+$$/-0,/7J-<"-0,-#,DD,"#4,/-4"-T,&,/9*"&-$$7-0,/7-+$$/-#,"I-+$$/*9-4"-3,A#"4'A#,-D,/$,(,"-4'-,/-+,,9+/**)-"**/J-X,-9**3'3,-34>&-4'-#,3-+$$/*9-4"-<'39*"&I-s,39*"&-,"-s43$%0,"-]-&,$%&,-M*934'A#,-9*"&,"-]-&,-,A$"$24,-S,,/-'9,A#3I-,"-47-7/4>)-+,,9-2*49'-+*"2,"',"-&4,-+/*),"-c#,D->,-0,/7-+$$/-2,-4"-T,&,/9*"&fJ-U,-S4>"-$$7-+**7-#$),/$(),9,4&I-2**/-S,-+4"&,"-#,3-"4,3-,/)-$2-$(-,,"-9*),/-"4+,*%-3,-0,/7,"JVE'"N8G--

!
Y4(!+&!>&@Q*&::&=!/&(!&&=!33=(3'!*&@Q.=+&=(&=!?'48:(!+3(!K&(!/./&=(&&'A!4=!
)&*>&'48:4=>!/&(!+&!Q&*4.+&!)..*!+&!L*4@4@A!/.&4'48:&*!4@!./!)3=74(!K&(!
(K74@'3=+!74(2&=+9&*:!4=!K&(!?74(&='3=+!(&!)4=+&=#!`3(!2&>(!..:!.=+&*@(33=+&!
*&@Q.=+&=(&#!C.'>&=@!K33*!93@!&*!?&>4=!+4(!833*!3''&&=!4=!+&!'3=+T!&=!
(74=?.79!9&*:!4=!K&(!?74(&='3=+!(&!)4=+&=#!!
!
Q[*I-&*3-#,D-47-0,9-,/+*/,"I-,/-4'-S,7,/-24"&,/-0,/7J-.,,9-D,&/4>+,"-S4>"-&4A#3-$6S,-D,(,/7,"-S4A#-3$3-#%"-+*'3,-(,/'$",,9J-5,9**'Z,"-3$,"-47-%43-Y$9,"-049&,+,/3/,77,"-]-&*3-0*'-4"-&,-9,"3,-]-0*'-,/-),,"-0,/7-$(-(9,77,"-0**/-,/-*934>&0,9-0,/7-3,-+4"&,"-0*'-]-9$)4'34,7-$6-4"(*77,"I-2*)*S4>"Z-</-0*/,"-*D'$9%%3),,"-+*"-S%97,-**"D4,&4"),"-D4>-Y$$9',-%43S,"&D%/,*%'J-</-0*'-"47'J-5,3-,"4),0,/7-0**/-+/**)-"**/-0*'I-0*/,"-7*'',"-,"-3$2*3,"-4"(*77,"I-D9$,2,"-,"-S$I&*3-'$$/3-&4"),"JV-E/N8G-

!
<=:&'&!83*&=!>&'&+&=!K3+!2&!K&(!=.>!)..*!K&(!:4&2&=A!/33*!).'>&=@!K33*!4@!
K&(!9&*:33=?.+!/./&=(&&'!)&&'!?&Q&*:(&*#!!
!
QM4>-#,3-%43S,"&D%/,*%-0**/-47-"%-S43I-0*/,"-,/-),,"-**"D4,&4"),"-+$$/+/$%0,"Z4"3,/,''*"3,-**"D4,&4"),"J-!7-D,)$"-D4>-*"&,/,-%43S,"&D%/,*%'-3,S$,7,"-,"-S,-#*&&,"-+$$/*9-#,3-0*3-S0**/&,/,-0,/7J-EZG-^$,"-47-F->**/-),9,&,""**/-0,/7-S$A#3-0*'-,/-,A#3-#,,9-+,,9-**"D$&-,"-#,3-0*'-,A#3-#,9,2**9-),,"(/$D9,,2J-@9'-S,-24"42%29$$"-**"D$&,"I-94,3-47-"4,3-,,"'-24>"-3,9,6$$""%22,/-

GDV!

5$$6&'3%7-b-

*A#3,/-$2&*3-47-2,,/-7,%'-#*&-]-47-#*&-+,,9-2,,/-2$),94>7#,&,"J-<"-"%-#,D-47"4,3-S$+,,9-2$),94>7#,&,"JV-E/8G--

!
"'!/&(!3'!:7==&=!9&!L.=L'7+&*&=!+3(!&*!.Q!?3@4@!)3=!+&!?&@LK4:?3*&!
4=P.*/3(4&!)3=!*&@Q.=+&=(&=!&=!@'&7(&'Q&*@.=&=!\=.>]!>&&=!&&=+74+4>!?&&'+!
(&!>&)&=!4@!)3=!+&!&PP&L(&=!)3=!+&!&L.=./4@LK&!L*4@4@!.Q!+&!./)3=>!)3=!+&!
3*?&4+@/4>*3(4&#!<=&*248+@!248=!&*!33=94824=>&=!+3(!K&(!)..*!3*?&4+@/4>*3=(&=!
33=24&='48:!/.&4'48:&*!4@!./!9&*:!(&!)4=+&=A!3=+&*248+@!'48:&=!874@(!
3*?&4+@/4>*3=(&=!74(!+&!$S<T'3=+&=!*&'3(4&P!/4=+&*!K3*+!>&*33:(!(&!9.*+&=!
+..*!+&!L*4@4@!./+3(!248!(&!?.&:!@(33=!3'@!Q*.+7L(4&)&!&=!*&'3(4&P!>.&+:.Q&!
3*?&4+@:*3LK(&=#!-.)&=+4&=!K&??&=!..:!)&&'!$S<T'3=+&=!'3@(!)3=!+&!L*4@4@A!
933*+..*!K&(!33=(3'!/4>*3=(&=!+3(!Q*.?&&*(!&'+&*@!4=!<7*.Q3!9&*:!(&!)4=+&=!
9&''4LK(!874@(!23'!(.&=&/&=#!!
!

H=!+&!).'>&=+&!Q3*3>*33P!:./&=!+&!(.&:./@(Q'3==&=!)3=!+&!$S<T'3=+&*@!

33=!+&!.*+&#!!

AD@!

^2$R2(',46*++$+-S/!4=24LK(!(&!:*48>&=!4=!+&!/3(&!)3=!(48+&'48:K&4+!)3=!K&(!)&*?'48P!)3=!+&!
*&L&=(&!3*?&4+@/4>*3=(&=!74(!+&!$S<T'3=+&=!4=!X&+&*'3=+!K&??&=!9&!+&!
*&@Q.=+&=(&=!>&)*33>+!2&'P!&&=!4=@LK3((4=>!(&!/3:&=!)3=!+&!(&*/48=!+4&!2&!
4=!X&+&*'3=+!94''&=!?'48)&=!9&*:&=#!
!

C3=!+&!*&@Q.=+&=(&=!9&&(!?48=3!G!.Q!+&!N!\NGi]!=4&(!K.&!'3=>!2&!=.>!4=!

X&+&*'3=+!94''&=!?'48)&=!9&*:&=!\24&!P4>77*!M#G]#!-48=3!&&=!:93*(!\DRi]!+&=:(!
:.*(&*!+3=!GD!/33=+&=!4=!X&+&*'3=+!(&!?'48)&=!9&*:&=!&=!GD!Q*.L&=(!=.>!G!k!
D!833*#!`&!*&@(&*&=+&!NN!Q*.L&=(!94'!K4&*!'3=>&*!+3=!N!833*!?'48)&=!9&*:&=a!GD!
Q*.L&=(!(7@@&=!+&!N!&=!V!833*A!M!Q*.L&=(!(7@@&=!+&!V!&=!+&!GE!833*!&=!GR!
Q*.L&=(!2&>(!K4&*!)..*!3'(48+!(&!94''&=!?'48)&=!9&*:&=#!!
!

%&!24&=!K4&*?48!&=:&'&!.Q)3''&=+&!@4>=4P4L3=(&!)&*@LK4''&=!(7@@&=!+&!

K&*:./@(>*.&Q&=#!`&!O..'@&!*&@Q.=+&=(&=!>&)&=!)3:&*!+3=!+&!3=+&*&!
>*.&Q&=!33=!K4&*!:.*(&*!+3=!D!833*!(&!94''&=!?'48)&=!\NFi!)3=!+&!O.'&=A!DFi!
)3=!+&!-7'>3*&=!&=!1.&/&=&=!&=!DMi!)3=!+&!.)&*4>&!$S<T'3=+&*@]#!`&!
*&@Q.=+&=(&=!74(!+&!.)&*4>&!$S<T'3=+&=!>&)&=!/4=+&*!)33:!33=!K&(!=4&(!(&!
9&(&=!&=!2&>>&=!*&'3(4&P!)3:&*!+3=!+&!O.'&=A!-7'>3*&=!&=!1.&/&=&=!K4&*!
'3=>&*!+3=!N!833*!(&!94''&=!?'48)&=a!RM!Q*.L&=(!)3=!+&!.)&*4>&!$S<T'3=+&*@!
94'!'3=>&*!+3=!N!833*!?'48)&=A!NE!Q*.L&=(!)3=!+&!O.'&=!&=!NI!Q*.L&=(!)3=!+&!
-7'>3*&=!&=!1.&/&=&=#!

GDU!

K4"*"A4m9,-A/4'4'-,"-3$,7$2'3(9*"","-

!
!
!

?>AF

>CA<

=AC

>>AD

>>AB

<CAF

$#$%%&

!
-9GG4&&%/0

>FAC

! @A=

?@A<

>EA@

>CA=

><A?

!
1#2$

!

<EAB

><AB

BA?

>>A=

><AE

<DA>

!
3#&4/

!

>>A?

>?A?

<BA<

@A@

?>AC

><A?

!
?A= BAB

<CAD

5*&0%24/67#4-4/4/

!

#84290

>@A=!

>>A>

>FA>

<>A>

<<A<

DAE

?CAE
<CAC

>@A=

!
!
-%/

!<BAF

>FA=

>>AB

EA<

82#*:

!
<?A<

>?AF

><A?

CAD

>?A?

BF,

@F,

F,

!

>F,

<F,

!

$#$!>!;%%2

!

?F,

>!V!<!;%%2

CF,

?!V!B!;%%2

B!V!>F!;%%2

<DA=

>CAE

??AC
=F,

G4X9/9$94X

DF,

EF,

>FF,

:44$!/94$

[%).."-AD>E-=6*+-%+-N$&$"6*+&-,$-#6%T9$+-P$"R$+-+**"-(%)"*,%$,$"(%T+S-8$"R2(',)"2$4-$+-)$'6*78,-a%+bc!"#$%&'()'&*++,-&./01#-

Y4(!+&!4=(&*)4&9@!/&(!+&!*&@Q.=+&=(&=!?'48:(!+3(!)..*!)&'&=!/&&*+&*&!
P3L(.*&=!&&=!*.'!@Q&'&=!?48!K&(!?&@'4@@&=!./!9&'!.P!=4&(!K4&*!(&!?'48)&=!
933*+..*!K&(!/3:&=!)3=!&&=!(.&:./@()..*@Q&''4=>!/.&4'48:!4@#!C..*!
.=+&*@(33=+&!*&@Q.=+&=(!+4&!K4&*!3''&&=!./!P4=3=L4Z'&!*&+&=&=!4@A!4@!+&!:&72&!
.)&*24LK(&'48:&*#!"'@!K48!4=!248=!(K74@'3=+!&&=!>.&+&!?33=!2.7!)4=+&=A!2.7!K48!
+4*&L(!(&*7>>33=#!!
!
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m9,-/,&,","-#$%&,"-2,-#4,/JV-E/NFG-

!
`..*!/4++&'!)3=!&&=!'.>4@(4@LK&!*&>*&@@4&3=3'd@&!4@!>&Q*.?&&*+!4=24LK(!(&!
:*48>&=!4=!P3L(.*&=!+4&!@3/&=K3=>&=!/&(!+&!?&@'4@@4=>!./!Q&*/3=&=(!4=!
X&+&*'3=+!(&!94''&=!?'48)&=#!`&2&!3=3'd@&!'33(!24&=!+3(!4=@LK*48)4=>!4=!+&!;-"A!
K&(!K&??&=!)3=!:4=+&*&=!+4&!4=!X&+&*'3=+!)&*?'48)&=!&=!+&!/3(&!933*4=!/&=!

GDI!

5$$6&'3%7-b-

+&!X&+&*'3=+@&!(33'!?&K&&*@(!@4>=4P4L3=(!@3/&=K3=>&=!/&(!K&(!)..*=&/&=!
\Q&*/3=&=(]!4=!X&+&*'3=+!(&!?'48)&=#!\"LK(&*>*.=+]:&=/&*:&=!2.3'@!'&&P(48+A!
>&@'3LK(A!>&?..*(&'3=+!&=!.Q'&4+4=>@=4)&37!K3=>&=!=4&(!@4>=4P4L3=(!@3/&=!
/&(!+&!4=(&=(4&!./!Q&*/3=&=(!4=!X&+&*'3=+!(&!?'48)&=#!!
!
$&(!K&(!..>!.Q!(.&:./@(4>&!*&(.7*/4>*3(4&!=33*!X&+&*'3=+!K&??&=!9&!(&)&=@!
+&!).'>&=+&!)*33>!>&@(&'+B!!"&4,"-%-+*"-(9*"-D,"3-T,&,/9*"&-3,-+,/9*3,"I&,"73-%-&*"-$$43-0,,/-"**/-T,&,/9*"&-3,-7$2,"-+$$/-0,/7p!0'&LK(!U!Q*.L&=(!
)3=!+&!*&@Q.=+&=(&=!3=(9..*+(!K4&*.Qa!=&&A!=..4(#!174/!+&!K&'P(!
?&3=(9..*+(!+&2&!)*33>!Q.@4(4&P!\DNi!83A!2.!@=&'!/.>&'48:a!DUi!83A!4:!9&&(!
=.>!=4&(!93==&&*]#!`&!*&@(&*&=+&!RV!Q*.L&=(!4@!&*!=4&(!2&:&*!)3=!=.>/33'@!
=33*!X&+&*'3=+!(&!:./&=#!
!

<&=!3=+&*&!)*33>!+4&!)33:!>&@(&'+!9.*+(!./!24LK(!(&!:*48>&=!.Q!+&!

(.&:./@(Q3==&=!)3=!/&=@&=!K&&P(!?&(*&::4=>!.Q!933*!/&=!24LK!/&(!K&(!
>&24=!94'!>33=!@&((&'&=#!H=!(3?&'!M#G!9.*+&=!+&!3=(9..*+&=!74(&&=>&2&(!.Q!
+&!)*33>B!!"&4,"-%-,,"-(*/3",/-,"l$6-74"&,/,"-#,,63?-D,"3-%-+*"-(9*"-#,""**/-T,&,/9*"&-$+,/-3,-9*3,"-7$2,"p!!
!
^*#$6-AD>E-^2$R2(',46*++$+-+**"-(%)"*,%$,$"(%T+S-8$"R2(',)"2$4-$+-)$'6*78,-a%+-bc-

!!
!
D)('*#(!#*!@%*5#(#*!*))(!K#5#(/)*5F!
I%A!`#!)/4&!-#04&9;1!
I%A!91!:44$!/#0!/94$!:%//442!
H9))MN94/A!91!:44$!N4$!/94$!`4142!
Y44A!/##9$!
Y.8.$.A!:%/$!`4!`9;/!%&!9/!Y4G42&%/G!
!
T.%'!E##(!*))(!K#5#(/)*5!J..(!E#(@F!!
I%A!`#!)/4&!-#04&9;1!
I%A!91!:44$!/#0!/94$!:%//442!
H9))MN94/A!91!:44$!N4$!/94$!`4142!
Y44A!/##9$!

!"#$%&'()'&*++,-&./01#!

$#$%%&!
!
!
>?AB!
DAD!
<CAB!
<<A=!
?FAC!
!
!
<?A<!
<BAE!
CCA@!
@A<!

-.&%/0!
!!
!!
>?AE!
DA<!
>DAE!
>EA=!
?EA?!
!!
!!
<FAF!
<FA=!
BFAC!
DAE!

1#2$!
!!
!!
>?AC!
EAF!
<@A?!
<?A=!
<=A@!
!!
!!
<CA>!
<=A?!
C?A>!
BAB!

3#&4/!
!
!
><AC!
DA?!
<CA=!
<CAB!
?FA>!
!
!
<CAD!
<@A=!
C<AF!
@AB!

5*&67#4!
!
!
><AE!
>>AD!
<CA=!
<<AC!
<DA<!
!
!
<BAF!
<?AF!
C=AF!
BAF!

#84290!
!
!
<<A@!
=AB!
<<A@!
>>A?!
?BAD!
!
!
><A?!
<CA=!
B@AD!
@A<!

-%/!
!!
!!
>BA>!
>>A?!
<@A=!
<CA?!
<<A@!
!!
!!
<<AC!
<@AD!
C?AE!
@AE!

82#*:!
!
!
>>AC!
CAD!
<>AE!
<>AF!
C>AF!
!
!
<CA<!
<CA@!
C@A<!
CAE!

!
%&!24&=!+3(!)3=!?48=3!&&=!+&*+&!\NEi]!)3=!+&!/4>*3=(&=!/&(!&&=!Q3*(=&*!
&=j!.P!:4=+&*&=A!+&!Q3*(=&*!&=j.P!:4=+&*&=!3'!4=!X&+&*'3=+!9.=&=#!`4(!4@!
@4>=4P4L3=(!)3:&*!K&(!>&)3'!?48!+&!)*.79&'48:&!*&@Q.=+&=(&=!\RGi]!+3=!?48!+&!
/3==&'48:&!*&@Q.=+&=(&=!\DNi]#!`33*=33@(!>&&P(!GR!Q*.L&=(!)3=!+&!
/4>*3=(&=!33=!K7=!Q3*(=&*!&=j!.P!:4=+&*&=!2&!2.!@=&'!/.>&'48:!=33*!
X&+&*'3=+!(&!94''&=!K3'&=!&=!F!Q*.L&=(!K&(!9&'!(&!94''&=A!/33*!=.>!=4&(!
L.=L*&&(!(&!9&(&=!93==&&*#

GDM!

K4"*"A4m9,-A/4'4'-,"-3$,7$2'3(9*"","-

<&=!:93*(!)3=!+&!/4>*3=(&=!2&>(!=.>!=4&(!2&:&*!(&!9&(&=!.P!2&!K7=!Q3*(=&*!
&=j.P!:4=+&*&=!=33*!X&+&*'3=+!94''&=!'3(&=!:./&=#!J&=@'.((&!2&>(!?48=3!&&=!
:93*(!\DNi]!)3=!+&!$S<T'3=+&*@!K7=!>&24=@'&+&=!=..4(!=33*!X&+&*'3=+!(&!
94''&=!'3(&=!:./&=#!!

ADF!

V*($+9*,,%+)-H=!+4(!'33(@(&!K..P+@(7:!4@!4=>&>33=!.Q!+&!&PP&L(&=!)3=!+&!&L.=./4@LK&!L*4@4@!
&=!+&!(.&:./@(Q'3==&=!)3=!*&L&=(&!3*?&4+@/4>*3=(&=!74(!+&!$S<T'3=+&=#!!
!
K4"*"A4m9,-A/4'4'SQ!?3@4@!)3=!+&!+4&Q(&T4=(&*)4&9@!/&(!/4>*3=(&=!&=!>&@Q*&::&=!/&(!
@'&7(&'Q&*@.=&=!4@!>&&=!&&=+74+4>!?&&'+!(&!>&)&=!)3=!+&!&PP&L(&=!)3=!+&!
&L.=./4@LK&!L*4@4@!.Q!+&!./)3=>!)3=!+&!3*?&4+@/4>*3(4&#!<=&*248+@!248=!&*!
33=94824=>&=!+3(!K&(!)..*!3*?&4+@/4>*3=(&=!33=24&='48:!/.&4'48:&*!4@!./!9&*:!
(&!)4=+&=!4=!X&+&*'3=+A!3=+&*248+@!'48:&=!3*?&4+@/4>*3=(&=!74(!+&!$S<T'3=+&=!
*&'3(4&P!/4=+&*!K3*+!>&*33:(!(&!9.*+&=!+..*!+&!L*4@4@!./+3(!248!(&!?.&:!@(33=!
3'@!Q*.+7L(4&)&!&=!*&'3(4&P!>.&+:.Q&!3*?&4+@:*3LK(&=#!!
!
^$,7$2'3(9*"","S/!4=24LK(!(&!:*48>&=!4=!+&!/3(&!)3=!(48+&'48:K&4+!)3=!K&(!)&*?'48P!)3=!+&!
*&L&=(&!3*?&4+@/4>*3=(&=!74(!+&!$S<T'3=+&=!4=!X&+&*'3=+!K&??&=!9&!+&!
*&@Q.=+&=(&=!>&)*33>+!&&=!4=@LK3((4=>!(&!/3:&=!)3=!+&!(&*/48=!+4&!2&!4=!
X&+&*'3=+!94''&=!?'48)&=!9&*:&=#!%&!24&=!+3(!.=>&)&&*!&&=!+&*+&!\NGi]!)3=!
+&!*&@Q.=+&=(&=!=4&(!9&&(!.P!&=!K.&!'3=>!2&!=.>!4=!X&+&*'3=+!94''&=!?'48)&=#!
174/!&&=!+&*+&!\NUi]!+&=:(!K4&*!:.*(&*!+3=!D!833*!(&!?'48)&=A!?48=3!DE!
Q*.L&=(!+&=:(!'3=>&*!+3=!D!833*!/33*!:.*(&*!+3=!GE!833*!(&!?'48)&=#!`&!
*&@(&*&=+&!GR!Q*.L&=(!94'!(.(!248=!Q&=@4.&=!4=!X&+&*'3=+!?'48)&=!9&*:&=!&=j.P!
24LK!K4&*!Q&*/3=&=(!)&@(4>&=#!!
!

GDF!

_%,$"*,.."-

"*?&4+@4=@Q&L(4&!\DEEF]#!,33*)&*@'3>!"*?&4+@4=@Q&L(4&!DEEM#-.,494)I-),S$"&-,"9,)**9-**"-#,3-0,/7J-Y(*&LK(!"*?&4+@4=@Q&L(4&#!
!
-37/3=A!6#!\GFFF]#!s4t%4&-:$&,/"43B#!SeP.*+B!O.'4(d!O*&@@#!
!
-37/3=A!6#!\DEEV]#!s4t%4&-s46,#!SeP.*+B!O.'4(d!O*&@@#!
-&*>A!O#!)3=!+&=A![#!)3=!+&*!57>(!v!`#!+&!-*748=!\DEEU]#!X,-#%4'+,'34")-+*"c34>&,94>7,f-D%43,"9*"&',-0,/7",2,/'-*67$2'34)-%43-&,-:;<=9*"&,"-4"P$33,/&*2J-<,"-)9$D**9-4"S4A#3J!1.((&*+3/B!0.63%&!&=!+0wCT!%.=&=#!
!
-&*>A!O#!)3=!+&=A!$#!-*7:/3=!v!h#!)3=!148!\DEEI]#!X,-<%/$(,',-)/,"S,"+,/9,)&J-E<,/'3,G-,+*9%*34,-69*"7,/,"&-D,9,4&-+/4>-+,/7,,/-+*"-0,/7",2,/':;<=9*"&,"J!"/@(&*+3/B!1&>4.Q'3=#!!
!
-&*>A!O#!)3=!+&=A!$#!-*7:/3=!v!h#!)3=!148!\DEEM]#!X,-<%/$(,',-)/,"S,"+,/9,)&J-<+*9%*34,-69*"7,/,"&-D,9,4&-+/4>-+,/7,,/-+*"-0,/7",2,/'-:;<=
9*"&,"J!"/@(&*+3/B!1&>4.Q'3=#!!
!
-.=+(A![#!+&A!v!`#!;*48Q@(*3!\DEEM]A!cT4,%0,-)/,"S,"I-$%&,-(/*734>7,"\;"&,/S$,7-"**/-2*9*64&,-D,24&&,9**/'-$(-&,-*/D,4&'2*/73fA!1&@&3*LK!)..*!
-&'&4+A!6.&(&*/&&*#!!
!
-../A!,#!+&A!"#!%&'(&)*&+&A!0#!1&234!v!;#!<=>?&*@&=!\DEEM3]#!;$'3=
<%/$(,*","-4"-T,&,/9*"&J-<,"-+,/7,""4")-+*"-&,-2**3'A#*((,94>7,-($'434,+*"-24)/*"3,"-%43-;$'3=<%/$(*-,"-+$$/2*94)-[$,)$'9*+4mJ!1.((&*+3/B!14@?.#-!
-../A!,#!+&A!"#!%&'(&)*&+&A!<#!0=&'!v!;#!<=>?&*@&=!\DEEM?]#!:4)/*34$"-*"&:4)/*34$"-Y$94A4,'J-X%3A#-1;Y<:!=P,($/3-FNNiJ!1.((&*+3/B!14@?.#!!
!
h-0!\DEEF]#!^;*.&4!33=(3'!S.@(T<7*.Q&@&!9&*:=&/&*@!=&&/(!@(&*:!3P_#!H=B!
e,D2*)*S4",A!9.&=@+3>!GN!/&4!DEEF#!!
!

GNG!

s43,/*3%%/-

h.*Q&'&48=A!"#!\DEEU]#!^$4>*3=(&=!&=!9&*:=&/&*@!74(!+&!S.@(T<7*.Q&@&!
'4+@(3(&=!)3=!+&!<7*.Q&@&!Y=4&_#!H=B!M,+$974")'3/,"&'I!N&!:93*(33'A!DEEUA!QQ#!
NNTNF#!
!
h.*Q&'&48=A!"#!\DEEF]#!^%&*:=&/&*@!74(!S.@(T<7*.Q3#!1&L&=(&!
.=(94::&'4=>&=#_H=B!1$A4**9,A$"$24'A#,-3/,"&'A!G&!:93*(33'A!DEEFA!QQ#!GFT
DG#!
!
`3>&).@A!,#!\DEEG]#!Y,/'(,A34,6-$(-4"3,)/*34,J-;+,/-&,-'$A4**9=A%93%/,9,-,"'3/%A3%/,9,-4"3,)/*34,-+*"-,3"4'A#,-24"&,/#,&,"-4"-T,&,/9*"&#!`&=![33>B!
%&(&=@LK3QQ&'48:&!133+!)..*!K&(!1&>&*4=>@?&'&4+#!
!
`3>&).@A!,#!v!"#!S+l!\DEEU]#!^X4&79&!>*.&Q&=!4=!X&+&*'3=+#!X4&79&!
4=(&>*3(4&Q3(*.=&=g_#!H=B![#$#"#;#!0/&&(@!\*&+#]#![**/D$,7-:4"&,/#,&,"FNNi#![.7(&=j!`&=![33>B!-.K=!0(3P'&7!)3=!5.>K7/j!0+Y!Y4(>&)&*@A!QQ#!NFT
VF#!
!
<L.*d@!\DEEU]#!<+*9%*34,-0,/7",2,/'+,/7,,/-:;<=9*"&,"#!1.((&*+3/B!
<L.*d@#!
!
<4=+K.)&=@!`3>?'3+!\DEEF]!P&?*73*4!DEEF!!
K((QBjj999#P'&e/3*:(#='j=4&79@j?74(&='3=+@&T74(2&=+:*3LK(&=T/3@@33'T
?33=T:948(TDNDF#K(/'#!;&*33+Q'&&>+!.QB!DD!@&Q(&/?&*!DEEF!
!
<=>?&*@&=A!;#A!1#!0(3*4=>A!,#!)3=!+&*!5&7=A!,#!+&!-../A!O#!)3=!+&*![&48+&=!v!
$#!h*748PP!\DEED]#!!99,)*9,-+/,,2&,94"),"-4"-T,&,/9*"&J-;2+*")I-$+,/7$2'3I+,/D94>6-,"-%43S,334")#!1.((&*+3/B!14@?.#!
!
<=>?&*@&=A!;#A!,#!)3=!+&*!5&7=!v!,#!+&!-../!\DEEI]#!^JK&!f*3>/&=(3(4.=!.P!
$4>*3(4.=!3=+!h*4/&_#!L/42,-*"&-[%'34A,J-@-P,+4,0-$6-P,',*/A#A!\0Q&L43'!
H@@7&!.=!h*4/&!3=+!,7@(4L&!4=!(K&!X&(K&*'3=+@A!<+4(.*@!$#!J.=*d!v!h#!
-48'&)&'+]#!hK4L3>.B!hK4L3>.!Y=4)&*@4(d!O*&@@!h*4/&!3=+!,7@(4L&!0&*4&@A!QQ#!
NMFTRVD#!
!
;*d2/3'3TW32'.9@:3A!"#!\DEEV]#!^f*./!<(K=4L!h..Q&*3(4.=!(.!H=T;*.7Q!
h./Q&(4(4.=#!Y=+.L7/&=(&+!O.'4@K!%.*:&*@!4=!-*7@@&'@_#!H=B![$%/"*9-$6-<3#"4A*"&-:4)/*34$"-13%&4,'I!NG\R]A!QQ#!UIVTUFI#!
!

GND!

s43,/*3%%/-

[&d/3A!"#A!-&*:K.7(A!<#A!)3=!+&*!%&*PPA!0#!v!-#![.P!\DEEM]#!X,-,A$"$24'A#,42(*A3-+*"-*/D,4&'24)/*34,-%43-&,-:;<=9*"&,"I-M%9)*/4>,-,"-P$,2,"4mJ-<,"'3%&4,-"**/-$2+*")I-**/&-,"-,A$"$24'A#,-,66,A3,"-+*"-*/D,4&'24)/*34,J!
"/@(&*+3/B!0<S!<L.=./4@LK!S=+&*2.&:#!
!
W.*PA!`#,#!&(!3'!\DEEF]#!Y$9,"-4"-T,&,/9*"&#!Y(*&LK(B!fS1Y$#!
!
X4L.'33@!\DEEI]#!^H//4>*3(4&!S.@(T<7*.Q&3=&=!?'48P(!K..>_#!H=B!LM1e,D2*)*S4",I!DMTGGTDEEI#!K((QBjj999#L?@#='j='T
X5j/&=7j(K&/3@j?&).':4=>jQ7?'4L3(4&@j3*(4:&'&=j3*LK4&PjDEEIjDEEITDNNRT
9/#K(/#!;&*33+Q'&&>+!.QB!DUTEUTDEEF#!
!
O3*..'!\DEEF]!^O..'!/3@@33'!@(3+!74(!)3=9&>&!L*4@4@_#!I!37>7@(7@!DEEF#!
!
O..'A!h#\DEEN]#!^[&+&=+33>@&!/4>*3(4&!)3=!O.'&=!=33*!X&+&*'3=+#_!H=B!
[%'3434m9,-.,/7,""4"),"I!DF!\R]A!QQ#!UNTME#!
!
0LK.(K.*@(A!x!\DEEF]#!Y$$9',-"4,%07$2,/'-4"-T,&,/9*"&#!"/@(&*+3/B!JX0!
XHOS#!
!
Y=4(&+!X3(4.=@!\GFFM]#!P,A$22,"&*34$"'-$"-13*34'34A'-$6-!"3,/"*34$"*9:4)/*34$"J-P,+4'4$"-8J!0(3(4@(4L3'!O3Q&*@!0&*4&@!$A!X.#!VM#!X&9!x.*:B!Y=4(&+!
X3(4.=@#!
!
C.':@:*3=(!\DEEF3]!^h*4@4@!+*48P(!O..'@&!9&*:&*!=33*!X&+&*'3=+_#!D!P&?*73*4!
DEEF#!
!
C.':@:*3=(!\DEEF?]!^S.:!4=!L*4@4@!248=!O.'&=!>&94'+_#!DD!87'4!DEEF#!
!
%3''3L&A!h#A!C#!-&+24*A!S#!hK/.7'43*!v!<#!04+.*&=:.!\GFFM]#!0./&!
hK3*3L(&*4@(4L@!.P!53?.7*!$4>*3(4.=!3=+!(K&!h&=(*3'!<7*.Q&3=!-7PP&*!6.=&#!
C4&==3B!H=@(4(7(&!P.*!"+)3=L&+!0(7+4&@A!0.L4.'.>4L3'!0&*4&@!X.#!DV#!
!
J*.79!\DEEF]#!^[33>@&!9&(K.7+&*!)*&&@(!^=4&79!/4>*3=(&=+*3/3__#!D!87'4!
DEEF#!!
!

GNN!

L$)"%44$+6%T',-

!66278,22+-ED/$"-LM1G<&=!3''.LK(..=!4@!>&+&P4=4&&*+!3'@!&&=!Q&*@..=!)3=!94&!(&=/4=@(&!ll=!)3=!+&!
.7+&*@!4=!K&(!?74(&='3=+!>&?.*&=!4@#!!
!
!.,278,22+-ED/$"-LM1G<&=!37(.LK(..=!4@!>&+&P4=4&&*+!3'@!&&=!Q&*@..=!)3=!94&!?&4+&!.7+&*@!4=!
X&+&*'3=+!>&?.*&=!248=#!!
!
3$"',$-)$+$"*,%$-*66278,22+-ED/$"-LM1G"''.LK(.=&=!+4&!4=!K&(!?74(&='3=+!248=!>&?.*&=A!9.*+&=!>&*&:&=+!(.(!+&!
&&*@(&!>&=&*3(4&#!
!
`L!-a)$($$+,$6%TR$-#*'%'*&(%+%',"*,%$-4$"'22+')$)$9$+'c-`&!>&/&&=(&'48:&!?3@4@3+/4=4@(*3(4&!Q&*@..=@>&>&)&=@!4@!+&!?.&:K.7+4=>!
)3=!?&Q33'+&!>&>&)&=@!+4&!4&+&*&!X&+&*'3=+@&!>&/&&=(&!?48K.7+(!.)&*!3''&!
Q&*@.=&=!+4&!4=!+&!>&/&&=(&!>&)&@(4>+!248=!.P!93*&=#!
!
d2",$-,$"(%T+-*"#$%&'(%)"*+,$+`&!>*.&Q!/4>*3=(&=!+4&!9&*:(!4=!X&+&*'3=+!&=!)..*!+&!'33(@(&!:&&*!4=!DEEF!.P!
4=!DEEM!=33*!X&+&*'3=+!4@!>&:./&=#!!
!
_*+)$-,$"(%T+-(%)"*+,$+`&!3*?&4+@/4>*3=(&=!+4&!)..*!DEER!4=!X&+&*'3=+!248=!>&:./&=#!`&2&!>*.&Q!
?&(*&::&=!948!=4&(!4=!K&(!.=+&*2.&:A!./+3(!+&2&!>*.&Q!+7@+3=4>!)&&'!83*&=!4=!
X&+&*'3=+!)&*?'48P(!+3(!K7=!:./@(!=4&(!/&&*!3'@!*&L&=(!:3=!9.*+&=!
>&+&P4=4&&*+#!!
!
/%&&$66*+)$-,$"(%T+-(%)"*+,$+`&!>*.&Q!/4>*3=(&=!+4&!9&*:(!4=!X&+&*'3=+!&=!)..*!+&!'33(@(&!:&&*!=33*!
X&+&*'3=+!4@!>&:./&=!(7@@&=!DEER!\(.&=!+&!&&*@(&!M!$S<T'3=+&=!(.&(*3+&=!
(.(!+&!<YA!/33*!=.>!=4&(!(.&>3=>!:*&>&=!(.(!+&!X&+&*'3=+@&!3*?&4+@/3*:(]!
&=!DEEI!\(.&=!..:!)..*!3*?&4+@/4>*3=(&=!74(!+&!M!$S<T'3=+&=!+&!
X&+&*'3=+@&!>*&=@!9&*+!>&.Q&=+!&=!-7'>3*48&!&=!1.&/&=4Z!(.&(*3+&=!(.(!+&!
<YA!/33*!=.>!>&&=!(.&>3=>!:*&>&=!(.(!+&!X&+&*'3=+@&!3*?&4+/3*:(]#!

GNV!

M,)/4((,"94>'3-

!
/1306*+&$+H=!+4(!*3QQ.*(!9.*+(!*&>&'/3(4>!>&@Q*.:&=!.)&*!$S<T'3=+&*@!&=!$S<T'3=+&=#!
$&(!+&2&!'3=+&=!9.*+(!)&*9&2&=!=33*!+&!$4++&=T!&=!S.@(T<7*.Q&@&!<YT
'4+@(3(&=!2.3'@!K4&*?.)&=!>&+&P4=4&&*+#!!
!
/%&&$+0-$+-12',03."24$'$-3;06%&',*,$+[4&*/&&!9.*+(!>&*&P&*&&*+!33=!+&!$4++&=T!&=!S.@(T<7*.Q&@&!'3=+&=!+4&!4=!
DEER!&=!DEEI!(.(!+&!<7*.Q&@&!Y=4&!(.&>&(*&+&=!248=#![&(!?&(*&P(!+&!3LK(!
'3=+&=!+4&!Q&*!G!/&4!DEER!(.(!+&!<Y!?&K.*&=!\O.'&=A![.=>3*48&A!J@8&LK4ZA!
0'.93:48&A!<@('3=+A!5&('3=+A!54(.79&=!&=!0'.)&=4Z]!3'@/&+&!1.&/&=4Z!&=!
-7'>3*48&!+4&!Q&*!G!83=73*4!DEEI!<YT'4+@(33(!248=#!
!
^P$$&$-)$+$"*,%$-*66278,22+-ED/$"-LM1G!
"''.LK(.=&=!+4&!4=!X&+&*'3=+!248=!>&?.*&=A!9.*+&=!>&*&:&=+!(.(!+&!(9&&+&!
>&=&*3(4&#!
!
^]M-a,$P$"R',$66%+)'9$").++%+)c`&!%&(!3*?&4+!)*&&/+&'4=>&=!\%3)]!?&Q33'(!+3(!&&=!9&*:>&)&*!&&=!
(&9&*:@(&''4=>@)&*>7==4=>!=.+4>!K&&P(!3'@!K48!&&=!9&*:=&/&*!)3=!?74(&=!+&!
<7*.Q&@&!<L.=./4@LK&!174/(&!3*?&4+!94'!'3(&=!)&**4LK(&=#!04=+@!G!/&4!DEEI!
>&'+(!)*48!)&*:&&*!)..*!9&*:=&/&*@!74(!+&!3LK(!$4++&=T!&=!S.@(T<7*.Q&@&!
'3=+&=!+4&!Q&*!G!/&4!DEER!(.&>&(*&+&=!248=!(.(!+&!<Y!\24&!S.@(T<7*.Q&@&!<YT
'4+@(3(&=]#!C..*!K&=!4@!@4=+@+4&=!>&&=!(9)!/&&*!=.+4>#!C..*!9&*:=&/&*@!74(!
-7'>3*48&!&=!1.&/&=4Z!4@!+3(!=.>!9&'!=.+4>#!`&!"*?&4+@4=@Q&L(4&A!K.7+(!
(.&24LK(!.Q!+&!=3'&)4=>!)3=!+&!%3)#!
!

GNU!

L%T6*)$-#%T-8225&',.R->-

1+&$"P$"4$+-9"*)$+6%T',!
`&/.>*3P4&!
x!

5&&P(48+!

x!

;&@'3LK(!

x!

;&?..*(&'3=+!

x!

%..=Q'33(@!K&*:./@('3=+!

x!

;-"!4=@LK*48)4=>!

!
$4>*3(4&!
x!

,33*!)3=!)&*(*&:!74(!K&(!K&*:./@('3=+!&=!33=:./@(!4=!X&+&*'3=+!

x!

53=+&=!&=!@&L(.*&=!

x!

O&=+&'Q3(*.=&=!

x!

$.(4)3(4&!:&72&!X&+&*'3=+!

!
"*?&4+!4=!K&*:./@('3=+!
x!

"*?&4+@@4(73(4&!

x!

0&L(.*!&=!?&*.&Q@=4)&37!!

x!

5..=!K&*:./@('3=+!

!
"*?&4+!4=!X&+&*'3=+!
x!

"*?&4+@@4(73(4&!

x!

0&L(.*!&=!?&*.&Q@=4)&37!!

x!

"3=@(&''4=>!

x!

5.L3(4&!9&*:!

x!

%482&!?33=!>&).=+&=!

x!

6&'P@(3=+4>&=B!H=@LK*48)4=>!W)W!&=!Q&*@.=&&'!

!
SQ'&4+4=>!!
x!
!

GNI!

SQ'&4+4=>@=4)&37!!

M4>9*),-

J33'?&K&&*@4=>!&=!4=?7*>&*4=>!!
x!

J33'?&K&&*@4=>!!

x!

%482&!)3=!L.//7=4L3(4&!

x!

H=?7*>&*4=>?&K.&P(&!

!
!f4=3=L4Z'&!@4(73(4&!!
x!

K&*:./@('3=+!!

x!

K74+4>&!P4=3=L4Z'&!@4(73(4&!

x!

6.*>)&*2&:&*4=>!

x!

H=:./&=@?&'3@(4=>!

x!

O&=@4.&=Q*&/4&!

x!

[74@?&24(!!

x!

H=:./@(&=!&=!74(>3)&=!

!
C&*>7==4=>&=!
x!

J&9&*:@(&''4=>@)&*>7==4=>!

x!

C&*?'48P@+.L7/&=(&=!

!
%.=&=!4=!X&+&*'3=+!
x!

%..=Q'33(@!&=!3*?&4+@4(73(4&!&)(#!Q3*(=&*!!

x!

%..=Q'33(@!&)(#!:4=+&*&=!

x!

%..=Q'33(@!&=!Q.@(L.+&!

x!

%..=+77*!

x!

JdQ&!K74@)&@(4=>!

x!

:3/&*>&=.(&=!

x!

W..Q!.P!K77*!

x!

J&)*&+&=K&4+!!

x!

-&K.&P(&=!!

x!

%482&!9.=4=>!>&).=+&=!

!
h.=(3L(!&=!4+&=(4P4L3(4&!
x!

$&(!'3=+>&=.(&=!

x!

$&(!37(.LK(.=&!X&+&*'3=+&*@!

x!

$&(!3=+&*&!S.@(T<7*.Q&3=&=!

x!

$&(!'&+&=!)3=!3=+&*&!/4=+&*K&4+@>*.&Q&=!

x!

$&(!P3/4'4&!&(L#!4=!K&*:./@('3=+!

x!

C*48&(48+@?&@(&+4=>!

!
!

GNM!

M4>9*),-

J.&:./@(!
x!

C&*93LK(4=>!)&*?'48P!X&+&*'3=+!

x!

S)&*:./&=!P3/4'4&!

x!

C&*93LK(4=>!(&*7>:&&*!X&+&*'3=+!

!
S)&*4>!!
x!

W&72&!)..*!X&+&*'3=+!

x!

"=+&*&!Q.(&=(4Z'&!*&@Q.=+&=(&=!.=+&*2.&:!

x!

-&*&4+K&4+!+&&'=3/&!33=!4=(&*)4&9@!

!
!
!

GNF!

M4>9*),-

_%T',-($,-"$'42+&$+,$+-&%$4,$0%+,$"9%$P'!
*EGB!O..'@&!/3=!
*EDB!O..'@&!/3=!
*ENB!O..'@&!/3=!
*ERB!O..'@&!)*.79!
*EVB!O..'@&!/3=!
*EUB!O..'@&!/3=!
*EIB!-7'>33*@&!)*.79!
*EMB!-7'>33*@&!/3=!
*EFB!-7'>33*@&!/3=!
*GEB!1.&/&&=@&!/3=!
*GGB!O..'@&!/3=!
*GDB!O..'@&!/3=!
*GNB!O..'@&!/3=!
*GRB!O..'@&!/3=!
*GVB!O..'@&!)*.79!
*GUB!O..'@&!)*.79!
*GIB!O..'@&!)*.79!
*GMB!O..'@&!/3=!
*GFB!O..'@&!/3=!
*DEB!O..'@&!/3=!
*DGB!O..'@&!/3=!

GRE!

M4>9*),-

_%T',-($,-'6$.,$6%+52"(*+,$+!
V6$.,$64$"'2+$+-.%,-f12',03."24$*+$+-%+-N$&$"6*+&g-a&$-L22(-$,-*6DGBBA*c-)$#".%R,-922"-8$"*+*6K'$@GB!+4*&L(&7*!)3=!&&=!/4++&'?3*&!@LK..'!)..*!'&&*'4=>&=!/&(!&&=!
(33'3LK(&*@(3=+!!
@DB!9&*:233/!?48!&&=!O..'@&!2&'P.*>3=4@3(4&!
@NB!/&+&9&*:&*!)3=!&&=!9.=4=>L.*Q.*3(4&!
@RB!>&/&&=(&'48:&!3/?(&=33*!
@VB!+4*&L(&7*!)3=!&&=!?3@4@@LK..'!4=!&&=!948:!/&(!)&&'!4=@(*../!)3=!S.@(T
<7*.Q&3=&=!74(!+&!<Y!
@UB!9&*:233/!?48!&&=!.*>3=4@3(4&!)..*!/4>*3=(&=!
@IB!9&(&=@LK3QQ&*!@MB!9&*:233/!?48!&&=!O..'@&!:&*:!!
@FB!9&(&=@LK3QQ&*!
@GEB!9&*:233/!4=!+&!74(2&=+?7*&37?*3=LK&!)..*!(48+&'48:&!3*?&4+@/4>*3=(&=!!
@GGB!9&(&=@LK3QQ&*!
@GDB!>&/&&=(&'48:&!3/?(&=33*!
@GNB!>&/&&=(&'48:&!3/?(&=33*!
@GRB!9&*:233/!?48!&&=!O..'@&!2&'P.*>3=4@3(4&!
@GVB!9&*:233/!4=!+&!74(2&=+?7*&37?*3=LK&!)..*!(48+&'48:&!3*?&4+@/4>*3=(&=!
@GUB!9&(&=@LK3QQ&*!
@GIB!9&*:233/!?48!+&!Q.'4(4&!
@GMB!>&/&&=(&'48:&!3/?(&=33*!
@GFB!9&(&=@LK3QQ&*!
@DEB!/&+&9&*:&*!)3=!&&=!9.=4=>L.*Q.*3(4&!
@DGB!9&*:233/!?48!&&=!O..'@&!2&'P.*>3=4@3(4&!
@DDB!9&(&=@LK3QQ&*!
@DNB!>&/&&=(&'48:&!3/?(&=33*!
@DRB!O..'@&!.=+&*2.&:&*!
@DVB!O..'@&!?77*(?&9..=@(&*!4=!&&=!948:!/&(!)&&'!4=@(*../!)3=!S.@(T
<7*.Q&3=&=!74(!+&!<Y!
@DUB!/&+&9&*:&*!h%H!
@DIB!*48:@3/?(&=33*!!
@DMB!9&*:233/!?48!+&!Q.'4(4&!
!

GRG!

M4>9*),-

V6$.,$64$"'2+$+-)$j+,$"9%$P&-922"-8$,-8.%&%)$-2+&$"O2$R@=EGB!/&+&9&*:&*!Y%C!%<1W?&+*48P!
@=EDB!/&+&9&*:&*!74(2&=+?7*&37!
@=ENB!/&+&9&*:&*!HX`!
@=ERB!/&+&9&*:&*!"*?&4+@4=@Q&L(4&!!
@=EVB!/&+&9&*:&*!$4=4@(&*4&!)3=!0.L43'&!63:&=!&=!%&*:>&'&>&=K&4+!
@=EUB!/&+&9&*:&*!W3/&*!)3=!W..QK3=+&'!X&+&*'3=+!
@=EIB!/&+&9&*:&*!W3/&*!)3=!W..QK3=+&'!`&=![33>!
@=EMB!/&+&9&*:&*!Y%C!%<1W?&+*48P!
@=EFB!/&+&9&*:&*!O..'@&!W3/&*!)3=!W..QK3=+&'!
@=GEB!O..'@&!9&(&=@LK3QQ&*!

GRD!

M4>9*),-

-),#/!,P7P9!"#&>.*5#*'#*!*))(!<%$()'%#'#(<%4*?!1#(@.<&'$(.#>!#*!$#&/)01'!A%*!BC!
"#$%%&!!
'%()#&**$+!

!
+#,..('#/)*5!

!

"#$%%&!
',+!
!

-9GG4&&%/0!
!!

1#2$!
!!

-%/!
!!

82#*:!
!

3#&4/!

B?D!

=<A>!

==A@!

=FAB!

=>AF!

O#/0%29;4!

<>!

<AD!

>A=!

?A>!

>AE!

=<A@!
?AE!

");4MN9d6J&#:%19;4!

@<!

DA?!

DAF!

DAC!

EAC!

=A>!
DA=!

5*&0%29;4!

B@!

=AB!

@A?!

=AE!

=AF!

7#4-4/9d!

BD!

=AD!

BA=!

DAC!

DA@!

=A>!

#84290!

>>!

>AB!

FA@!

>A=!

<A<!

FA@!

!
-),#/!,P789!D.>;/)'%#!#*!5#!.*5#(U.#@&$(.#>!*))(!1#(@.<&'$(.#>?!$#&/)01'!#*!&#0'.(!
!!

K#K*&%$94!'TUR!2409)$2%$94!G4M4-(42!<FFD+!

!!

#/G42`#41)02#4K!

Y!

,!

Y!

!

!

!

!

3##&)!

=@.DBD!

DDA>!

?B?!

D@AB!

5*&0%%2)67#4-44/)!

>.E>F!

<A<!

>D!

CAC!

[84290!H[P!

D.C<@!

EA@!

?=!

EA>!

!

!

!

!

H%/!

B=.=EB!

@@A?!

<?F!

B=AE!

R2#*:!

<E.?<<!

??A=!

>@=!

C<A>!

!

!

!

!

?<AE'EAE@+!

!

?FA?'EA>>+!

!

!

!

!

!

:#(@.<&'$(.#>!

+#&/)01'!

2##3'%45!
04-.!&44X$9;G!')$.!G48+!
V#0'.(!

,!

Q%/G(#*:!

=.EE?!

EAC!

E<!

<<AD!

]/G*)$294!

B.F=?!

@AF!

<<!

BAB!

5#*:!

=>B!

FAD!

>?!

?A<!

02##$!4/!G4$%9&N%/G4&!

=.>D>!

DAC!

B!

>A<!

8428#42!4/!#K)%&0!

=.<<?!

DAB!

>F!

<AB!

*9$`4/G(2%/MN4!

B>.E=C!

@>A>!

<CB!

@FAD!

#84290!

C.EF?!

BAD!

>@!

CAF!

!

GRN!

M4>9*),-

!
!

GRR!

L%T6*)$-#%T-8225&',.R-G-

-),#/!,87P9!L<<%$()'%#!;%'!5#!RTIW/)*5#*!PXXYW8ZZ[!*))(!$#,..('#/)*5!!
!!
H[P!PTV&%/G4/!
233"#$45"&
!!3#&4/!
!!8-.!");4MN#VJ&#:%19;4!
!!O#/0%29;4!
!!5%&$9)MN4!J$%$4/!
!!V!P)$&%/G!
!!V!Q4$&%/G!
!!V!Q9$#*:4/!
!!7#4-4/9d!
!!5*&0%29;4!
52#/S!a5JA!J$%$&9/4!

>EEB!
<.<>>!

>EE@!
<.EF>!

>EE=!
?.FE<!

>EED
?.@@<

>EEE
<.DB=

<FFF
C.>@D

<FF>
C.=D=

<FF<
C.=><

<FF?
C.BCE

<FFC!
D.C@B!

<FFB!
<FF@!
<FF=
<FFD
E.D=?! >>.==D! <F.<<C <B.=CE
!
!
!
!
!
!
!
!
!
!
!
!
!
!
>.<CE! >.CED! >.C=D! >.@D<
>.>@D
>.D=>
<.>DE
<.??=
<.<?C B.>@<! @.=C@! D.?@C! >F.<B? >C.F@>
<B>!
?DE!
C>=!
@>C
C@F
=>@
=@B
B@@
CBB
EDD! >.F>E! >.>BC! >.<?E
>.@E>
<?@!
?D?!
C<<!
CE<
CF=
CDD
BDF
C=<
C>?
BE<!
BEC!
BD@!
EE>
>.@BD
@B!
><<!
>?>!
>B@
>>F
>?E
>D=
<<>
<>>
B@C!
B>?!
C<C!
CDE
=<F
E!
<C!
<>!
>@
>E
<=
<D
?>
C@
EB!
DF!
@C!
=B
>>?
>E!
??!
CB!
CB
??
C=
C<
@@
BF
><C!
><C!
>F=!
>>@
<>E
?=!
@B!
@B!
EB
BD
@B
>>=
><C
>>B
?CB!
?FE!
<B?!
<ED
?DD
?FC!
?C@!
C>@!
C=D
CCD
@B=
=>E
@B?
=??
=>=!
B=F!
===! <.C><
<.C=B
>F@!
>@?!
<<D!
<CF
<@C
<E=
?C=
C@?
BF?
CC<!
C?>!
C=?! C.DCF
B.>CC

<FFC!
?.?DB!
!
<.<>@!
?E<!
<C<!
>@D!
?F!
?>!
>F=!
<B<!
>>B!

<FFB!
C.@E?!
!
?.CE<!
CD?!
<@<!
>BB!
<B!
?=!
E?!
>=@!
><B!

<FF@!
<FF=
<FFD
@.>BD! >F.CCC >?.EBC
!
C.@?B! B.=><
=.DB?
@?>!
@==
E@>
<<C!
BFD
EF<
><D!
>BE
<=?
>?!
<?
??
<@!
?F
DD
DE!
>F@
>B<
?=D!
E?<
>.><<
>@<! <.CB@
<.DC?

<FFC!
B.FDF!
!
<.EC@!
BE@!
?BF!
?E@!
@B!
E?!
<?D!
C@B!
?<=!

<FFB!
B.>DF!
!
?.<BC!
B?@!
??<!
?BD!
BB!
D=!
<>@!
?EC!
?F@!

<FF@!
B.@<F!
!
?.=<E!
B<?!
?@<!
<E@!
B>!
D>!
>@C!
?EE!
?>>!

!
!
-),#/!,8789!L<<%$()'%#!;%'!5#!RTIW/)*5#*!PXXYW8ZZ[!*))(!$#,..('#/)*5!A<)**#*C!
!!
H[P!PTV&%/G4/!
233"#$45"&
!!3#&4/!
!!8-.!");4MN#VJ&#:%19;4!
!!O#/0%29;4!
!!5%&$9)MN4!J$%$4/!
!!V!P)$&%/G!
!!V!Q4$&%/G!
!!V!Q9$#*:4/!
!!7#4-4/9d!
!!5*&0%29;4!
52#/S!a5JA!J$%$&9/4!

>EEB!
=BC!
!
?=>!
DF!
DE!
>D!
<!
E!
=!
>CE!
C=!

>EE@!
DE?!
!
CB@!
E?!
><=!
<E!
@!
D!
>B!
>?>!
B=!

>EE=!
EC>!
!
C?B!
>>>!
><B!
?F!
@!
>?!
>>!
>B<!
DD!

>EED
>.>>B

>EEE
>.F?F

<FFF
>.@B?

<FF>
>.ED>

<FF<
>.=?F

<FF?
>.=FC

CDE
>@>
>=C
?<
B
E
>D
>DE
=F

C?<
>?F
>@D
<E
B
><
><
>=<
EE

=?D
<=?
<<D
CE
>F
>E
<F
<BD
>F=

DE<
?C>
<DD
C=
D
>@
<?
<EB
>>D

D@D
<F=
<F@
@<
D
>E
?B
<?E
>CD

D?C
>EF
<>F
@<
E
>@
?=
<?@
>=<

!
!
-),#/!,8769!L<<%$()'%#!;%'!5#!RTIW/)*5#*!PXXYW8ZZ[!*))(!$#,..('#/)*5!AJ(.;E#*C!
!!
H[P!PTV&%/G4/!
233"#$45"&
!!3#&4/!
!!8-.!");4MN#VJ&#:%19;4!
!!O#/0%29;4!
!!5%&$9)MN4!J$%$4/!
!!V!P)$&%/G!
!!V!Q4$&%/G!
!!V!Q9$#*:4/!
!!7#4-4/9d!
!!5*&0%29;4!
52#/S!a5JA!J$%$&9/4!

>EEB!
>.CB=!
!
D=D!
>=>!
>C=!
C=!
=!
>F!
?F!
>BB!
BE!

>EE@!
<.FFD!
!
>.FC<!
<E@!
<B@!
E?!
>D!
<B!
BF!
<>B!
>F@!

-

GRV!

>EE=!
<.>B>!
!
>.FC?!
?F@!
<E=!
>F>!
>B!
?<!
BC!
<@C!
>CF!

>EED
<.BC=

>EEE
>.D<=

<FFF
<.B>B

<FF>
<.DF@

<FF<
<.ED<

<FF?
<.DCB

>.>E?
CB?
?>D
><C
>>
?@
==
<DE
>=F

=?@
??F
<?E
D>
>C
<>
C@
<=@
>@B

>.>??
CC?
<@F
EF
>=
<D
CB
?EE
>EF

>.<E=
C<C
<E<
>CF
<F
<@
EC
C<C
<<E

>.C@E
?BE
<@@
>BE
<?
C=
DE
C>C
?>B

>.CFF
<@B
<F?
>CE
?=
?C
=D
CE=
??>

<FF=
<FFD
E.=DF >>.=EB
C.BC>
B@<
CD?
??F
B<
D@
>E<
>.CDF
<.?DC

@.<FD
=?F
=B@
CC=
DF
>?>
<?@
>.?B?
<.?F>

M4>9*),-

-),#/!,87\9!L<<%$()'%#!RTIW/)*5#(&!*))(!<%$()'%#<.'%#3!PXXYW8ZZ[!ABC!
!!

>EEB!

-.'))/!RTIW/)*5#*!

>EE@!

!

>EE=!

!

>EED!

!

>EEE!

!

<FFF!

!

<FF>!

!

<FF<!

!

<FF?!

!

<FFC!

!

!

<FFB!
!

<FF@!
!

<FF=!
!

%2(49G!

DAD!

>>AC!

>?AF!

>DAB!

>EA@!

<BA=!

??AF!

<BAB!

<=A<!

?CA=!

CCA<!

B>A>!

@>A?!

X%-9&94!

=BAD!

@DA@!

BEA<!

B?A<!

CCAD!

C>A@!

CFA?!

CBA@!

C@AF!

?CA?!

<DA>!

<@A<!

<<AD!

)$*G94!

CA<!

DAC!

>>A?!

>>A@!

>EAC!

>CA<!

>CA<!

>DAB!

>=AB!

>?A?!

>?A@!

EA>!

BAE!

#842906#/(414/G!

>>A?!

>>A@!

>@A<!

>@AD!

>@A<!

>DAB!

><AC!

>FA<!

EA<!

>=A=!

>CA>!

>?A@!

>FAF!

!

!

!

!

!

!

!

!

!

!

!

!

!

D./#*!

!

!

!

!

!

!

!

!

!

!

!

!

!
!

%2(49G!

=AF!

><A=!

>?AB!

>=A<!

<<AC!

?>A?!

?DA<!

?FAE!

?BAE!

?EA@!

BFA?!

BCA<!

@?AE!

X%-9&94!

D?AF!

=CA>!

@?A?!

BBAE!

C@AF!

C?AB!

CFAC!

CCA?!

C?AB!

??A<!

<DA<!

<=AF!

<?AC!

)$*G94!

?AB!

CA@!

@A@!

DA<!

>BA=!

>>A=!

><AB!

>BAC!

>?A?!

EAF!

DAF!

CAB!

?AB!

#842906#/(414/G!

@A=!

DA@!

>@A@!

>DAD!

>BAD!

>?AC!

DAE!

EAC!

=A?!

>DA<!

>?A@!

>CA<!

EA<!

!
J<!-&4#01.WV/.E)@%4#!
%2(49G!

>>AC!

=AB!

>CAF!

<>AB!

>BAC!

>DAE!

<=AF!

<>A@!

<FAD!

<EA<!

C?A<!

B@AF!

@<A<!

X%-9&94!

@=AB!

=FA@!

B>AC!

CDA>!

CBAC!

?<AC!

?<AF!

C>AC!

C<A>!

??A?!

<<A@!

>EA@!

>=A>!

)$*G94!

?AD!

DAF!

>FAF!

DAC!

EAE!

=A<!

EA<!

>EAF!

<CA>!

><AE!

>BAE!

>FA<!

=AF!

#842906#/(414/G!

>=A?!

>CA<!

<?AD!

<>AD!

<EAB!

C>AD!

?>A@!

>=A@!

><A=!

<CAB!

>DAC!

>CAB!

>?AC!

!

!

!

!

!

!

!

!

!

!

!

!

!

:.*$)(%4#!

!

!

!

!

!

!

!

!

!

!

!

!

!
!

%2(49G!

>>AF!

>FAB!

EAC!

>DA?!

>BA?!

<CA<!

?@AF!

<<A?!

<?A=!

?<AC!

?FAC!

C<A?!

X%-9&94!

=FA@!

BEAD!

B>A>!

?=AD!

?FAB!

?FAB!

?<AE!

??A@!

?FAD!

<DA=!

>@AD!

>@A?!

>=A@!

)$*G94!

>>AB!

>DA>!

<CA?!

<=A=!

CFAB!

?FA?!

<BAF!

?=A<!

?=AB!

<=A?!

?=A<!

?>A?!

>CAF!

#842906#/(414/G!

@AC!

!

!

])/'%&01#!&')'#*!

!

>>A?!
!

>BA<!
!

!

>@A>!
!

!

>?AC!
!

!

>CAC!
!

!

@A>!
!

!

BA@!
!

!

DAB!
!

!

>>AC!
!

!

>BA?!
!

!

EAD!
!

!

BEAF!

EA<!
!

!

!

%2(49G!

>A=!

?A=!

CA>!

EA<!

=A?!

@AD!

>?A@!

><A>!

>FAD!

<EA?!

<>AC!

>DAE!

BCA@!

X%-9&94!

=DAF!

@FA<!

@EAC!

@BAB!

C?AD!

B@AD!

BEA=!

BEA<!

BEAF!

?@A?!

?>A<!

?BAE!

<FAE!

)$*G94!

FAF!

>?AE!

>BA?!

><A=!

?<A?!

>BA?!

>BA?!

>DAF!

<FAB!

>BA>!

<@AE!

<BAD!

@A<!

#842906#/(414/G!

>DA@!

<>A?!

>FA<!

><AF!

>=A=!

<FA?!

>FAD!

>FA<!

DA=!

>EAF!

<FA=!

>EAD!

>DAF!

!

!

!

!

!

!

!

!

!

!

!

!

!

];/$)(%4#!

!

!

!

!

!

!

!

!

!

!

!

!

!
!

%2(49G!

EAD!

>FA=!

>CAF!

><AC!

>EAF!

<FAE!

<>A=!

>>AE!

>BA<!

>CAC!

>BA@!

<?A@!

@CAB!

X%-9&94!

B@AE!

BBA?!

B<AE!

@?AE!

CDA>!

C>A>!

CBA>!

B>AD!

BFA=!

C>AF!

?BAE!

<BA?!

<FA@!

)$*G94!

DAD!

<<AF!

<>A=!

>=A<!

<CAC!

<FA@!

<FAB!

<>A@!

<>AB!

?>AE!

CFAF!

C=AC!

DA>!

#842906#/(414/G!

<CAB!

>>A?!

>FAC!

@AE!

=AD!

>=AC!

><AB!

>BA<!

><A<!

>?AF!

DA>!

?AE!

!

!

".#<#*%N!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

@AD!
!

!

!

%2(49G!

>>AF!

>>A?!

>?AE!

<CA>!

<?AF!

<?A=!

?>AD!

<@AB!

>EAD!

<?AE!

<BAE!

CFAE!

CBAF!

X%-9&94!

@@AD!

@CA>!

@<AC!

BBAE!

BFAE!

BFAC!

C@A?!

B<AD!

B=A>!

CCA?!

C>AD!

?<A>!

?FAF!

)$*G94!

>AF!

BAE!

EAC!

DA?!

>CAB!

>CAC!

><A=!

>CA@!

>>A=!

>EAE!

<FAD!

>CAF!

=AD!

#842906#/(414/G!
52#/S!a5JA!J$%$&9/4!

<>A?!

>DAC!

>?A@!

>>AE!

>>AD!

>>AC!

DAD!

BAD!

>>AF!

>>AE!

>>AC!

><AD!

>=A>!

GRU!

M4>9*),-

-),#/!,87Y9!I<%$()'%#!J)*!RTIW/)*5#(&!PXXYW8ZZ[!*))(!$#,..('#/)*5!!
!!
H[P!PTV&%/G4/!
233"#$45"&
!!3#&4/!
!!8-.!");4MN#VJ&#:%19;4!
!!O#/0%29;4!
!!5%&$9)MN4!J$%$4/!
!!V!P)$&%/G!
!!V!Q4$&%/G!
!!V!Q9$#*:4/!
!!7#4-4/9d!
!!5*&0%29;4!
52#/S!a5JA!J$%$&9/4!

>EEB!
ED<!
!!

>EE@!
>.?F<!
!!

>EE=!
>.<DE!
!!

C?E!
>@E!
>CB!
>B!
B!
?!
=!
>B@!
BD!

@FD!
>DB!
>E>!
<@!
=!
E!
>F!
<>?!
=E!

>EED
>.C@D
!!

@BC!
>E<!
<>C!
?E!
>>!
>F!
>D!
>?F!
@F!

>EEE
>.BED
!!

=<B
<C=
<C@
?E
D
>B
>@
><=
DC

<FFF
>.B>D
!!

@@<
<D<
?B<
?D
C
><
<<
>@=
E=

<FF>
>.@@F
!!

=<D
<?<
<B>
BC
>@
>>
<=
>@D
DB

<FF<
>.ED@
!!

=@<
<=D
?>>
@F
E
>@
?B
>@?
D@

<FF?
<.>BD
!!

D?@
C=E
<DF
@>
>?
>@
?<
<<C
>F@

<FFC!
<.DFE!
!!

>.F<F
?C<
?>@
@E
>=
>=
?B
<B?
>BD

<FFB!
?.?>=!
!!

>.<?<!
C@C!
C@D!
EE!
<B!
??!
C>!
?=D!
>@D!

<FF@!
B.>@F!
!!

>.@=?!
BCF!
?BE!
>EC!
CC!
BF!
>FF!
?BC!
>E=!

<FF=
@.?F>
!!

?.F?C!
=?B!
CD?!
<@D!
@<!
@<!
>CC!
?D?!
<B=!

<FFD
E.CCD
!!

?.C@<
=<=
C@<
<<>
?C
@<
><B
@CB
=DC

B.F<E
EC>
@>C
<=D
CC
=B
>BE
>.FD?
>.BF?

!
-),#/!,87O9!L*!5#!+]H!$#(#$%&'(##(5#!RTIW/)*5#(&!*))(!*)'%.*)/%'#%'!>#(!P!4)*;)(%?!PXXOW8ZZX!
!!
H[P!PTV&%/G4/!
233"#$45"&
3##&)!
R-.");4MN#VJ&#:%19;4!
O#/0%%2)!
P)$)!
Q4$)!
Q9$#*:)!
J&#844/)!
7#4-44/)!
5*&0%%2)!
52#/S!a5JA!J$%$&9/4!

>EE@!
>F.?>B!
!
B.E>F!
DE>!
>.>??!
@B!
@?!
><=!
>>F!
>.C@@!
BBF!

>EE=!
>EED!
>EEE
<FFF
<FF>
<FF<
<FF?
<FFC
<FFB! <FF@!
<FF=!
<FFD
<FFE
E.D?F! >F.C<@! >>.C?? >>.C=< ><.=CC >C.C>= >B.EBE >=.B?D <<.D<=! <D.<EC! ??.D<>! C=.@?= @C.@<C
!
!
!
!
!
B.@C<! B.@DF! B.EF@
B.@CB
B.ECC
@.?><
@.E><
=.C?> >F.E@D! >B.<F<! >E.@CB! <@.>DE ?B.CEE
>.F<>! >.<>F! >.CE?
>.BE?
>.DE?
<.<E=
<.?=C
<.BFD ?.F>B! ?.CE=! ?.E??! C.C@D
B.<?<
>.>@C! >.<=<! >.CFC
>.?DB
>.B?D
>.=>E
>.D?<
>.DD@ <.F<E! <.<=>! <.?D@! <.E<>
C.FCC
D@!
EE!
>FF
>>>
><>
>C=
>@B
>D=
<DC!
?>D!
?<>!
?@B
CCC
DD!
>><!
>CF
>C@
>=?
>DD
<CC
<D?
?@>!
CBF!
CE>!
B@C
=>?
>DB!
<@F!
?<D
??D
?C@
?E?
CD=
BEB
E=F! >.>=B! >.<@<! >.CC=
>.=C?
>F<!
>>>!
>CD
>CC
>@B
>E?
<<B
<?B
<B@!
<EE!
?B@!
C>>
BF?
>.F=?! >.>CC! >.<DD
>.?E=
>.@EC
<.FEC
<.?@F
<.=?B ?.F<F! ?.FF@! ?.<<B! C.DEC
@.<B@
C@E!
B?D!
@<@
=>?
D=F
>.F=C
>.?@F
>.@=D >.E<C! <.F=@! <.<F<! @.?=D >F.>EF

!
-),#/!,87^9!L*!5#!+]H!$#(#$%&'(##(5#!RTIW/)*5#(&!*))(!$#,..('#/)*5!!A_P#!$#*#()'%#C!>#(!P!4)*;)(%?!PXXOW8ZZX!
!!
H[P!PTV&%/G4/!
233"#$45"&
3#&4/!
R-.!");4MN#VJ&#:%19;4!
O#/0%29;4!
P)$&%/G!
Q4$&%/G!
Q9$#*:4/!
J&#84/9d!
7#4-4/9d!
5*&0%29;4!
52#/S!a5JA!J$%$&9/4!

>EE@!
>EE=!
>EED!
>EEE
<FFF
<FF>
<FF<
<FF?
<FFC
<FFB! <FF@!
<FF=!
<FFD
<FFE
<@.C<F! <=.DF>! <E.?>E! ?>.<F? ?<.>?= ?C.CB< ?=.<E< ?E.=EC C>.DD= C=.<@<! B?.@>B! @F.F=F! =?.D>< EF.FB?
!
!
!
!
!
!
>?.?<?! >C.>><! >C.D>D! >B.@CD >@.F>B >=.F<D >D.<== >E.=>@ <F.==? <C.B@@! <E.B@=! ?C.D?>! C>.B?? BF.B>D
?.DF?! ?.EDB! C.>E>! C.B>>
C.@@D
B.>F<
B.BD@
B.@<E
B.=>@ @.<F>! @.@B>! =.F??! =.B>?
D.<>D
C.D>@! C.E>B! B.F<?! B.>BE
B.>>C
B.<C<
B.C<?
B.B>D
B.BF? B.BCC! B.@E=! B.=?@! @.>DB
=.>?D
><C!
>?E!
>BF!
>B=
>@@
>=?
>D=
<FF
<?F
<ED!
?<=!
?<@!
?@C
C?@
>BF!
>=>!
<F<!
<<=
<C@
<D?
?><
?@B
CF<
CDB!
BB=!
@F>!
@B?
DF<
><<!
>DC!
<?>!
?F@
?C<
?DF
CBB
BC@
@<F
E<F! >.><@! >.<??! >.?E=
>.@<B
>B!
<C!
<C!
<=
<@
?>
?<
?<
?C
?C!
CF!
BB!
BC
BD
<.EDB! ?.>FB! ?.?CE! ?.@=@
?.EFC
C.?BF
C.DD=
B.?FD
B.=E> @.>>B! @.??F! @.=<@! D.BF?
E.E<C
>.FD<! >.>@@! >.??>! >.CE<
>.@B@
>.D@?
<.>??
<.CDF
<.D>D ?.FEE! ?.?<F! ?.B<E! =.@>F >>.??C

!
-),#/!,87[9!L*!5#!+]H!$#(#$%&'(##(5#!RTIW/)*5#(&!*))(!#'*%0%'#%'!>#(!P!4)*;)(%?!PXXOW8ZZX!
!!
H[P!PTV&%/G4/!
233"#$45"&
3#&4/!
R-.!");4MN#VJ&#:%19;4!
O#/0%29;4!
P)$&%/G!
Q4$&%/G!
Q9$#*:4/!
J&#84/9d!
7#4-4/9d!
5*&0%29;4!
52#/S!a5JA!J$%$&9/4!

>EE@!
>EE=!
>EED!
>EEE
<FFF
<FF>
<FF<
<FF?
<FFC
<FFB! <FF@!
<FF=!
<FFD
<FFE
BF.?FB! B<.>DB! BC.<EF! B@.=CD BD.?>B @>.C>= @C.EEE @D.?<? =>.??@ ==.=<F! DB.>CD! E<.=CD! >F=.E=F ><B.E?B
!
!
!
!
!
!
<B.><B! <@.<CD! <=.?>B! <D.CD? <E.>DF ?F.@FF ?<.<>F ?C.FB> ?B.BC< ?E.D>B! CB.CF<! B>.??E! BD.DB? @D.DCC
=.>F@! =.???! =.@>@! D.FFD
D.<=C
D.D@F
E.CB@
E.BE@
E.D>? >F.C<?! >>.F??! >>.CEB! ><.><> ><.E==
>>.CBC! >>.BDC! >>.=C<! >>.EF? >>.E>= ><.>FC ><.?BE ><.B?F ><.B@C ><.@BB! ><.D@F! ><.E?>! >?.C?D >C.C@C
<DB!
?FC!
?>@!
?<E
?C@
?BC
?=>
?E?
C?>
BFC!
B?=!
BCB!
BDE
@=?
?@=!
?D>!
CFE!
C?=
CBE
BF<
B?>
BDD
@??
=?C!
D<<!
DD?!
ECB
>.>>?
<??!
?FF!
?BF!
C?@
CDD
B?E
@??
=CC
D?E >.>=F! >.?ED! >.BCC! >.=C?
<.F>B
>B!
<C!
<C!
<=
<@
?>
?<
?<
?C
?C!
CF!
BB!
BC
BD
C.<<@! C.CFB! C.=<<! B.>?@
B.CB>
@.F>=
@.@@=
=.<<>
=.DEB D.C>=! D.=DD! E.?=C! >>.?E< >?.F?@
>.CEC! >.@F@! >.=E@! >.EDE
<.>=C
<.C>F
<.=CF
?.>@D
?.BDB ?.E@D! C.<@D! C.BD<! D.D?B ><.=BB

!
!
!

GRI!

M4>9*),-

!
>CF.FFF

!

/%$9#/%&9$49$!$#$%%&

-

04(##2$4&%/G!$#$%%&

-

><F.FFF

P$/9M9$49$!$#$%%&

-

>FF.FFF

-

DF.FFF

-

@F.FFF

-

CF.FFF

-

<F.FFF

-

F

-

>EE@

>EE=

>EED

>EEE

<FFF

<FF>

<FF<

<FF?

<FFC

<FFB

<FF@

<FF=

<FFD

<FFE

M%$;;(!,87P9!RTIW/)*5#(&!%*!K#5#(/)*5!*))(!*)'%.*)/%'#%'?!$#,..('#/)*5!#*!#'*%0%'#%'!PXXOW8ZZX!6!"#$%&7!89&
-),#/!,87X9!V')('#*5#!.*5#(*#<#(&!*))(!*)'%.*)/%'#%'!.J#(!8ZZ6W8ZZ[!
!!

<FF?!

<FFC!

<FFB!

<FF@!

<FF=!

<FFD!

H[P!PTV&%/G4/!

CC<!

>.D@>!

?.?B?!

C.<<>!

C.=BD!

B.C?=!

:%%2#/G42!!!

!

!

!

!

!

!

!3#&4/!

>EF!

>.>@E!

<.BD>!

?.?C=!

<.<?@!

!8-!");4MN#VJ&#:%19;4!

?F!

>E@!

<DE!

<D@!

>DE!

>C=!

!O#/0%29;4!

@B!

>=B!

>@?!

>DE!

>CC!

>>E!

!5%&$9)MN4!)$%$4/!

<>!

D@!

>F@!

>FC!

@?!

=C!

!J&#84/94!

F!

E!

>!

>!

?!

F!

!7#4-4/9d!

@B!

E@!

D=!

>F@!

B??!

@==!

!5*&0%29;4!
!

=>!
!

"#$%%&!

>?F!
!

><@!
!

CC<!

>.D@>!

>DD!
!

?.?B?!

>.EFE!

>.BEF!
!

<.B>>!
!

C.<<>!

C.=BD!

B.C?=!

52#/S!ZRZA!J$%2$42)K2#X94&!<FF@A!<FF=A!<FFD!
!
-),#/!,87PZ9!+#J#&'%$5#!.*5#(*#<#(&!>#(!P!4)*;)(%!8ZZOW8ZZX!
!!

<FF@!

<FF=!

<FFD!

<FFE!

H[P!PTV&%/G4/!

=.@=>!

>F.C==!

!

>B.@FC!

:%%2#/G42!!!

!

!

!

!

!3#&4/!

C.D@>!

=.<?@!

!

=.=>>!

!8-!");4MN#VJ&#:%19;4!

>.FFE!

>.>@F!

!

>.>=E!

!O#/0%29;4!

@F@!

@B@!

!

@DF!

!5%&$9)MN4!)$%$4/!

<<@!

<@F!

!

<B=!

!J&#84/94!

<?!

<E!

!

<?!

!7#4-4/9d!

B<<!

B=B!

!

>.B>D!

!5*&0%29;4!
!

C<C!
!

"#$%%&!

=.@=>!

52#/S!ZRZ!

GRM!

B@>!
!

!

C.<?@!

!
>F.C==!

!
!

>B.@FC!

L%T6*)$-#%T-8225&',.R-@-

-),#/!,67P9!+#U%*W!#*!1;%&1.;5#*&)<#*&'#//%*$!*))(!'=>#!<%$()*'?!1#(@.<&'$(.#>!#*!$#&/)01'!
!!
"#$%%&!
-902%/$!
04(##2$4&%/G!
W4)&%MN$!
!
!!
!!
H9GG4&&%/0!
Z#2$!
3#&4/!
5*&67#4!
#8!H[P!
H%/!
R2#*:!
!
Y!
,!
Y!
,
Y
,
Y
,
Y
,
Y!
,!
Y!
,
Y
,
:##3'!;!##*!>)('*#(!
!!
!!
!!
!
!
!
!
!
!
!!
!
!
/44!
<FF! <=A=! ?B!
<FA= >@B
<EAD >CF
<@A=
<>
>DAE
?E! CCA?! >>E!
<EAC
=?
<CA?
;%!
B<?! =<A?! >?C!
=EA? ?DE
=FA< ?DC
=?A?
EF
D>A>
CE! BBA=! <D@!
=FA@ <<=
=BA=
$#$%%&!
=<?! >FFAF! >@E! >FFAF BBC
>FFAF B<C >FFAF >>> >FFAF
DD! >FFAF! CFB! >FFAF ?FF >FFAF
!!
!!
!!
MN9<hBA?<DkGXh>kKf.FB!
MN9<h>@A@=CkGXh<kKf.F>!
aN9<h<A<>=kGXh>k/)!
Q))(!E..*'!;!>)('*#(F!
!!
!!
!!
!
!!
!!
!
!
!!
!!
!
!
!!
!
!!
!!
59;!-9;!
?FC! @?A>! E?!
=?A< <>>
BEAC <<?
@?A<
BF
BDAD
?>! =FAB! >CC!
BBAF >BB
=?A>
4&G42)!9/!Y4G42&%/G!
<D!
BAD!
C!
?A>
<C
@AD
<C
@AD
?
?AB
>!
<A?! >F!
?AD
>=
DAF
9/!-9;/!N421#-)$&%/G!
>?B! <DAF! <@!
<FAB >FE
?FA=
E@
<=A<
<E
?CA>
>F! <<A=! >FF!
?DA<
??
>BA@
4204/)!%/G42)A!/%-4&9;1!9/!
>B!
?A>!
C!
?A>
>>
?A>
>F
<AD
?
?AB
<!
CAB!
D!
?A>
=
?A?
$#$%%&!
CD<! >FFAF! ><=!
EEAE ?BB
>FFAF ?B? >FFAF
DB
EEAE
CC! >FFAF! <@<! >FFA> <>< >FFAF
!!
!!
!!
MN9<hDAC>=kGXh?k!Kf.FB!
MN9<hBAFFDkGXh@k/)!
MN9<h?>A>>kGXh?k!Kf.F>!
D)('*#(!#*!E.*#*!>)('*#(!
!!
!!
!!
!
!!
!!
!
!
!!
!!
!
!
!!
!
!!
!!
%&&44/)$%%/G!
<FF! <=A=! ?B!
<FA= >@B
<EAD >CF
<@A=
<>
>DAE
?E! CCA?! >>E!
<EAC
=?
<CA?
)%-4/!9/!YQ!
?FC! C<AF! E?!
BBAF <>>
?DA> <<?
C<A@
BF
CBAF
?>! ?BA<! >CC!
?BA@ >BB
B>A=
4&G42)!9/!YQ!
<D!
?AE!
C!
<AC
<C
CA?
<C
CA@
?
<A=
>!
>A>! >F!
<AB
>=
BA=
9/!N421#-)$&%/G!
>?B! >DA=! <@!
>BAC >FE
>EA=
E@
>DA?
<E
<@A>
>F! >>AC! >FF!
<CA=
??
>>AF
4204/)!%/G42)!
>B!
<A>!
C!
<AC
>>
<AF
>F
>AE
?
<A=
<!
<A?!
D!
<AF
=
<A?
:#/4/!K%2$/42!#/(414/G!
C>!
BA=!
=!
CA>
?C
@A>
?>
BAE
B
CAB
B!
BA=! <C!
BAE
>B
BAF
$#$%%&!
=<?! >FFA>! >@E! >FFAF BBC
>FFAF B<C >FFAF >>>
EEAE
DD! >FFAF! CFB! >FFA> ?FF >FFAF
<
<
<
!!
!!
!!
MN9 h>@A<@?kGXhBk!Kf.F>!
MN9 h<<ABBkGXh>Fk!Kf.FB!
MN9 h?CA<B=kGXhBk!Kf.F>!
:##3'!;!>)('*#(!,#'))/5!E#(@F!
!!
!!
!!
!
!!
!!
!
!
!!
!!
!
!
!!
!
!!
!!
Y44!
>>?! <<A>! <B!
>EA<
DD
<?A>
=B
>EAE
<@
<EAE
><! <BAF! DB!
?FA<
<@
>>AD
I%A!9/!Y4G42&%/G!
<E=! BDA>! D@!
@@A< <>>
BBAC <?E
@?A@
?F
?CAB
<D! BDA?! >?F!
C@A? >@F
=<AC
I%A!9/!-9;/!N421#-)$&%/G!
E>! >=AD! >=!
>?A>
=C
>EAC
B=
>BA<
<D
?<A<
@! ><AB! @F!
<>AC
?>
>CAF
I%A!4204/)!%/G42)A!/%-4&9;1!9/!
>F!
<AF!
<!
>AB
D
<A>
B
>A?
?
?AC
<!
CA<!
@!
<A>
C
>AD
$#$%%&!
B>>! >FFAF! >?F! >FFAF ?D>
>FFAF ?=@ >FFAF
D= >FFAF
CD! >FFAF! <D>! >FFAF <<> >FFAF
<
<
<
!!
!!
!!
MN9 hCAE?EkGXh?kKhFA>=@!
MN9 h<DAE>BkGXh@k!Kf.F>!
MN9 h?=AC=kGXh?k!Kf.F>!
:##3'!;!@%*5#(#*F!
!!
!!
!!
!
!!
!!
!
!
!!
!!
!
!
!!
!
!!
!!
/44!
CFC! BDA?! D>!
CEA> ?<?
@>A< ?>?
@<A>
?=
?CA@
BC! @BAE! <>?!
BBA< >=E
@>AE
;%!
<DE! C>A=! DC!
BFAE <FB
?DAD >E>
?=AE
=F
@BAC
<D! ?CA>! >=?!
CCAD >>F
?DA>
$#$%%&!
@E?! >FFAF! >@B! >FFAF B<D
>FFAF BFC >FFAF >F= >FFAF
D<! >FFAF! ?D@! >FFAF <DE >FFAF
!!
!!
!!
MN9<h=ABBkGXh>k!Kf.F>!
MN9<h<EA@D=kGXh<k!Kf.F>!
MN9<h?AFEDkGXh>k/)!
Q))(!E.*#*!;E!@%*5#(#*F!
!!
!!
!!
!
!!
!!
!
!
!!
!!
!
!
!!
!
!!
!!
59;!-9;!
=C! <@AF! ?<!
?DA@
C<
<FAD
C@
<CA?
<?
??A?
B! >DAB! ??!
>EAC
?D
?CAE
4&G42)!9/!Y4G42&%/G!
@!
<A>!
>!
>A<
B
<AB
B
<A@
F
FAF
>!
?A=!
?!
>AD
<
>AD
9/!-9;/!N421#-)$&%/G!
>D<! @?AE! CB!
BCA< >?=
@=AD ><F
@?AB
CC
@?AD
>D! @@A=! ><<!
=>AD
BD
B?A<
G44&)!9/!Y4G42&%/GA!G44&)!9/!N421#-!
>F!
?AB!
<!
<AC
D
CAF
D
CA<
>
>AC
>!
?A=!
B!
<AE
B
CA@
4204/)!%/G42)A!/%-4&9;1!9/!
>?!
CA@!
?!
?A@
>F
BAF
>F
BA?
>
>AC
<!
=AC!
=!
CA>
@
BAB
$#$%%&!
<DB! >FFA>! D?! >FFAF <F<
>FFA> >DE
EEAE
@E
EEAE
<=! >FFAF! >=F! >FFAF >FE >FFAF
!!
!!
!!
MN9<hEAE?kGXhCkKf.FB!
MN9<h=AB=kGXhDk/)!
MN9<h>FABBkGXhCkKf.FB!
G%*5#(#*!#*!E.*#*!@%*5#(#*!
!!
!!
!!
!
!!
!!
!
!
!!
!!
!
!
!!
!
!!
!!
044/!19/G424/!
CFC! BDA?! D>!
CEA> ?<?
@>A< ?>?
@<A>
?=
?CA@
BC! @BAE! <>?!
BBA< >=E
@>AE
)%-4/!9/!YQ!
=C! >FA=! ?<!
>EAC
C<
DAF
C@
EA>
<?
<>AB
B!
@A>! ??!
DAB
?D
>?A>
4&G42)!9/!YQ!
@!
FAE!
>!
FA@
B
FAE
B
>AF
F
FAF
>!
>A<!
?!
FAD
<
FA=
9/!N421#-)$&%/G!
>D<! <@A?! CB!
<=A? >?=
<BAE ><F
<?AD
CC
C>A>
>D! <<AF! ><<!
?>A@
BD
<FA>
9/!YQ!4/!N421#-)$&%/G!
>F!
>AC!
<!
>A<
D
>AB
D
>A@
>
FAE
>!
>A<!
B!
>A?
B
>A=
4204/)!%/G42)!
>?!
>AE!
?!
>AD
>F
>AE
>F
<AF
>
FAE
<!
<AC!
=!
>AD
@
<A>
:#/4/!19/G!#/(414/G!
C!
FA@!
>!
FA@
?
FA@
<
FAC
>
FAE
>!
>A<!
?!
FAD
>
FA?
$#$%%&!
@E?! >FFA>! >@B! >FFAF B<D
>FFAF BFC >FFAF >F=
EEAE
D<! >FFAF! ?D@! >FFAF <DE
EEAE
!!
!!
!!
MN9<h>DADECkGXh@k!Kf.F>!
MN9<hCFA=E@kGXh><k!Kf.F>!
MN9<h>?A@==kGXh@k!Kf.FB!
H)*')/!@%*5#(#*!
!!
!!
!!
!
!!
!!
!
!
!!
!!
!
!
!!
!
!!
!!
044/!19/G424/!
CFC! BDA?! D>!
CEA> ?<?
@>A< ?>?
@<A>
?=
?CA@
BC! @BAE! <>?!
BBA< >=E
@>AE
;%A!>!19/G!
>>@! >@A=! CF!
<CA<
=@
>CAC
=@
>BA>
<D
<@A<
><! >CA@! @E!
>=AE
CB
>BA@
;%A!<!19/G424/!
DE! ><AD! >E!
>>AB
=F
>?A?
B?
>FAB
<D
<@A<
D!
EAD! CE!
><A=
?E
>?AB
;%A!?!19/G424/!#X!-442!
BF!
=A<! >@!
EA=
?C
@AC
?D
=AB
B
CA=
=!
DAB! ?F!
=AD
>E
@A@
;%A!%%/$%&!#/(414/G!
?C!
CAE!
E!
BAB
<B
CA=
<C
CAD
E
DAC
>!
>A<! <B!
@AB
=
<AC
$#$%%&!
@E?! EEAE! >@B! >FFAF B<D
>FFAF BFC >FFAF >F= >FFA>
D<! >FFAF! ?D@! >FFA> <DE >FFAF
!!
!!
!!
MN9<h><A=><kGXhCkKf.FB!
MN9<hC<ADCkGXhDk!Kf.F>!
MN9<h=AEB=kGXhCk/)!
!"#$%&'()'&*++,-&./01#&

GRF!

M4>9*),-

!
-),#/!,6789!R%$()'%#$#&01%#5#*%&!*))(!<%$()'%#'#(<%4*?!1#(@.<&'$(.#>!#*!$#&/)01'!
!!
"#$%%&!
-902%/$!
04(##2$4&%/G!
!
!!
!!
H9GG4&&%/0!
Z#2$!
3#&4/!
5*&67#4!
!!
Y!
,!
Y!
,
Y!
,
Y!
,
Y!
,
I#(&'#!4))(!J#(/)'#*!1@)*5!
!!
!!
!!
!!
!
!
!!
!
>EDFV<FF?!
>=F! <CAF! CB! <=AC ><B! <<AE >FD! <FAE
CF! ?EA<
<FFCV<FF@!
>DD! <@AB! @B! ?EA@ ><?! <<A@ >C?! <=A=
<F! >EA@
<FF=!
><=! >=AE! B?! ?<A?
=C! >?A@
EB! >DAC
<F! >EA@
<FFD!
>@B! <?A?!
>!
FA@ >@C! ?FA> >?F! <BA>
>B! >CA=
<FFE!
BE!
DA?!
F!
FAF
BE! >FAD
C>!
=AE
=!
@AE
$#$%%&!
=FE! >FFAF! >@C! EEAE BCB! >FFAF B>=! >FFAF >F<! >FFAF
!!
!!
!!
MN9<h>FCAC@?kGXhCkKf.F>!
MN9<h<>ACFBkGXhDkKf.F>!
I#(&'#!@##(!*))(!K2!E#(@#*!
!!
!!
!!
!
!!
!!
!
!
!!
!!
>EDFV<FF?!
=<! >FA>! <>! ><A=
B>!
EA?
?=!
=A<
<@! <CA>
<FFCV<FF@!
>CB! <FA?! =<! C?A@
=?! >?A< >FD! <>AF
<?! <>A?
<FF=!
>C@! <FAC! =>! C?AF
=B! >?A@ >>?! <>AE
<B! <?A>
<FFD!
<<D! ?>AD!
>!
FA@ <<=! C>A< >=C! ??AD
>E! >=A@
<FFE!
><B! >=AB!
F!
FAF ><B! <<A=
D?! >@A>
>B! >?AE
$#$%%&!
=>@! >FFA>! >@B! EEAE BB>! >FFAF B>B! >FFAF >FD! >FFAF
!!
!!
!!
MN9<h<>@ACC@kGXhCkKf.F>!
MN9<hB>AFB?kGXhDkKf.F>!
!"#$%&'()'&*++,-&./01#&

04)&%MN$!
#8!H[P!
H%/!
R2#*:!
Y!
,!
Y!
,
Y!
,
!
!
!!
!!
!
<<! <CAC! >>B! <DA=
B<! >=AE
<B! <=AD! >F<! <BAC
D>! <=AD
><! >?A?! @?! >BA=
BE! <FA?
<F! <<A<! EF! <<AC
=<! <CA=
>>! ><A<! ?>!
=A=
<=!
EA?
EF! EEAE! CF>! EEAE <E>! >FFAF
MN9<h>>A?DBkGXhCkKf.FB!
!
!
!!
!
!!
!!
E!
EA=! CC! >>AF
<@!
DAD
>C! >BA>! =>! >=A=
=>! <CAF
D!
DA@! =E! >EA=
@F! <FA?
?B! ?=A@! ><E! ?<A<
EB! ?<A>
<=! <EAF! =D! >EAB
CC! >CAE
E?! >FFAF! CF>! >FFA> <E@! >FFA>
MN9<h@A>DCkGXhCk/)!

!
!
-),#/!,6769!R%$()'%#$#&01%#5#*%&9/)*5#*!#*!&#0'.(!*))(!<%$()'%#'#(<%4*?!1#(@.<&'$(.#>!#*!$#&/)01'!
!!
"#$%%&!
-902%/$!
04(##2$4&%/G!
!
!!
!!
H9GG4&&%/0!
Z#2$!
3#&4/!
5*&67#4!
!!
Y!
,!
Y!
,
Y!
,
Y!
,
Y!
,
+#E#(@'!%*9!
!!
!!
!!
!
!!
!!
!
!
!!
!!
%&&44/!YQA!>!1442!
>@=! <<A@! C<! <CA> ><B! <<A> >>E! <<A<
>D! >@A<
%&&44/!YQA!<!1442!#X!8%142!
<<C! ?FA?! B@! ?<A< >@D! <EA= >BD! <EAB
B>! CBAE
%&&44/!YQA!%%/$%&!#/(414/G!
?=!
BAF!
@!
?AC
?>!
BAB
?>!
BAD
C!
?A@
YQ!4/!%/G42!&%/G!
<ED! CFA?! @D! ?EA> <?F! CFA@ <<?! C>A@
?F! <=AF
\&&44/!%/G42!&%/G!
>C!
>AE!
<!
>A>
><!
<A>
B!
FAE
D!
=A<
!!
=CF! >FFA>! >=C! EEAE B@@! >FFAF B?@! >FFAF >>>! EEAE
!!
!!
!!
MN9<h<A?@<kGXhCk/)!
MN9<hCEADBBkGXhDkKf.F>!
L*!E#/@!/)*5!J..(!K2F!
!!
!!
!!
!
!!
!!
!
!
!!
!!
9/!-9;/!N421#-)$&%/G!
@>?! DEAB! >?=! DEAF C=@! DEA@ CB>! E>A?
EB! E>A?
9/!%/G42!&%/GA!/%-4&9;1!
=<! >FAB! >=! >>AF
BB! >FAC
C?!
DA=
E!
DA=
$#$%%&!
@DB! >FFAF! >BC! >FFAF B?>! >FFAF CEC! >FFAF >FC! >FFAF
!!
!!
!!
MN9<hFAFBEkGXh>k/)!
MN9<h>@ACEBkGXh<kKf.F>!
+#E#(@'!%*!/)*59!A<##(5#(#!
)*'E..(5#*!<.$#/%4@C!
!!
!!
!!
!
!!
!!
!
!
!!
!!
L*9$)&%/G!
>@>! <>A@! C?! <CA= >>D! <FA@ >?E! <BAD
>>!
EA@
R424/90G!1#/9/129;1!
@D!
EA>! >C!
DAF
BC!
EAC
BF!
EA?
C!
?AB
]$%&9d!
<B!
?AC!
@!
?AC
>E!
?A?
>=!
?A<
B!
CAC
");4MN#VJ&#:%19;4!
?C!
CA@!
C!
<A?
?F!
BA<
<>!
?AE
F!
FAF
^2%/129;1!
>D!
<AC!
?!
>A=
>B!
<A@
><!
<A<
C!
?AB
JK%/;4!
>D!
<AC!
>!
FA@
>=!
?AF
>?!
<AC
C!
?AB
_:4G4/!
<F!
<A=!
B!
<AE
>B!
<A@
>=!
?A<
?!
<A@
R424/90G4!J$%$4/!
>>!
>AB!
B!
<AE
@!
>AF
B!
FAE
>!
FAE
\/G42!&%/G!
@E!
EA<! >@!
EA<
B?!
EA?
C?!
DAF
>C! ><A?
"#$%%&!
C<C!
! E=!
?<=!
?>=!
C@!
+#E#(@'!%*!&#0'.(#*9!A<##(5#(#!
)*'E..(5#*!<.$#/%4@C!
!!
!!
!!
!
!!
!!
!
!
!!
!!
Q%/GV!4/!"*9/(#*:!
?D=! B>AE! =<! C>AC ?>B! BBA> ?<C! @FA<
C?! ?=A=
5#*:!
>@<! <>A=! CE! <DA< >>?! >EAD >>C! <>A<
<=! <?A=
]/G*)$294!'`#%&)!-4$%%&9/G*)$294A!8!
>C>! >DAE! <=! >BAB >>C! >EAE >>>! <FA@
C!
?AB
R428#42!4/!#K)&%0!
EC! ><A@! <=! >BAB
@=! >>A=
=@! >CA>
@!
BA?
_%14&9;14!G94/)$842&4/9/0!!
=F!
EAC! <=! >BAB
C?!
=AB
CC!
DA<
><! >FAB
O#24M%A!24M24%$94!4/!M%$429/0!
@D!
EA>! >F!
BA=
BD! >FA>
C<!
=AD
B!
CAC
_#20!!
<>!
<AD!
?!
>A=
>D!
?A>
>?!
<AC
B!
CAC
L4$%9&N%/G4&!
>=!
<A?!
B!
<AE
><!
<A>
>F!
>AE
@!
BA?
W2##$N%/G4&!
>?!
>A=!
=!
CAF
@!
>AF
>>!
<AF
F!
FAF
Z9/G42#K8%/0!4/!#/G42:9;)!
<@!
?AB! >F!
BA=
>@!
<AD
>E!
?AB
C!
?AB
Z*/)$A!M*&$**2!4/!%-*)4-4/$!
D!
>A>!
>!
FA@
=!
>A<
@!
>A>
>!
FAE
\/G42)!/%-4&9;1!
=?!
EAD! >=!
EAD
B@!
EAD
CD!
DAE
>?! >>AC
"#$%%&!
>FDF!
! <BB
D<B
D>D
><@
!"#$%&'()'&*++,-&./01#&

!

GVE!

04)&%MN$!
H%/!
R2#*:!
Y!
,
Y!
,
!!
!
!!
!!
D<! >EAE
D?! <@AE
>>=! <DA?
ED! ?>AD
><!
<AE
<?!
=AB
>E=! C=A=
EB! ?FAD
B!
>A<
E!
<AE
C>?! >FFAF ?FD! EEAE
MN9<h<=A<F>kGXhCkKf.F>!
!
!
!!
!
!!
!!
@=! ==AF! ??F! D=A? <=>! E<AD
<F! <?AF! CD! ><A=
<>!
=A<
D=! >FF! ?=D! >FFAF <E<! >FFAF
MN9<hBACFDkGXh>kKf.FB!
#8!H[P!
Y!
,!
!
!
?F! ?<A?!
>B! >@A>!
<!
<A<!
CB! CDAC!
>!
>A>!
E?! >FF!

!
>>!
>C!
?!
>?!
<!
>!
F!
B!
><!
@>!

!
!!
!
>>A=! >>>! <@A@
>CAE! C=! >>A?
?A<! >C!
?AC
>?AD! ?F!
=A<
<A>! >B!
?A@
>A>! >F!
<AC
FAF! >B!
?A@
BA?!
B!
>A<
><AD! C>!
EAD
! <DD!

!!
!!
C=! >BA<
>E!
@A>
>>!
?AB
C!
>A?
?!
>AF
D!
<A@
B!
>A@
B!
>A@
<=!
DA=
><E!

<F!
<>!
<@!
><!
>C!
<>!
?!
>!
<!
?!
>!
><!
>?@!

!
<>A?!
<<A?!
<=A=!
><AD!
>CAE!
<<A?!
?A<!
>A>!
<A>!
?A<!
>A>!
><AD!
!

!!
!!
>=<! BBAB
>!
FA?
?D! ><A?
>?!
CA<
CB! >CAB
?@! >>A@
>D!
BAD
@!
>AE
<!
FA@
<B!
DA>
<!
FA@
?=! >>AE
?EB

!

!!
!
<F>! CDA<
>@>! ?DA@
>F>! <CA<
=E! >DAE
<?!
BAB
?F!
=A<
?!
FA=
>F!
<AC
>>!
<A@
>!
FA<
@!
>AC
??!
=AE
@BE!

M4>9*),-

!
-),#/!,67\9!"#5#*#*!J..(!@#;U#!K#5#(/)*5!*))(!<%$()'%#'#(<%4*?!1#(@.<&'$(.#>!#*!$#&/)01'!A<##(5#(#!)*'E..(5#*!<.$#/%4@C!
!!
"#$%%&!
-902%/$!
04(##2$4&%/G!
04)&%MN$!
!
!!
!!
H9GG4&&%/0!
Z#2$!
3#&4/!
5*&67#4!
#8!H[P!!
H%/!
R2#*:!
!!
Y!
,!
Y!
,!
Y!
,!
Y!
,!
Y!
,!
Y!
,!
Y!
,!
Y!
,!
54)MN91(%%2N49G!:421!9/!Y4G42&%/G!
CF=! BCA@! EC! BCAF! ?>?! BCA=! ?<>! BEA=! ?=! ?<AB! CE! B<A>! <?D! B=A>!
>BD! B>AF!
Q##/!9/!Y4G42&%/G!
?CB! C@A<! =C! C<AB! <=>! C=AC! <CB! CBAB! @<! BCAC! ?D! CFAC! >EE! C=A=!
>?D! CCAB!
\2(49G)#-)$%/G90N4G4/!9/!
Y4G42&%/G!
>DD! <BA<! C@! <@AC! >C<! <CAD! >?@! <BA?! <D! <CA@! <C! <BAB! >>@! <=AD!
@=! <>A@!
\%/:4`90N49G!8294/G4/!4/!
14//9))4/!
>BB! <FAD! ?B! <FA>! ><F! <>AF! >>E! <<A>! <<! >EA?! >C! >CAE!
D=! <FAE!
@<! <FAF!
a*&$**2!9/!Y4G42&%/G!
>?C! >DAF! <D! >@A>! >F@! >DAB!
E@! >=AD! >E! >@A=! >E! <FA<!
DB! <FAC!
C=! >BA<!
O*9)84)$9/0!9/!Y4G42&%/G!
><E! >=A?! ??! >EAF!
E@! >@AD! >F=! >EAE! ><! >FAB! >F! >FA@!
=@! >DA<!
CE! >BAD!
749)%X)$%/G!$#$!N421#-)$&%/G!
EE! >?A?! >D! >FA?!
D>! >CA<!
=B! >?AE!
E! =AE! >B! >@AF!
=F! >@AD!
<B! DA>!
\%/:4`90N49G!X%-9&94&4G4/!
EE! >?A?! ?@! <FA=!
@?! >>AF!
=F! >?AF! >D! >BAD! >>! >>A=!
?E! EAC!
BE! >EAF!
\%/:4`90N49G!&%/G04/#$4/!
E>! ><A<! >@! EA<!
=B! >?A>!
=B! >?AE! >>! EA@!
B! BA?!
BE! >CA>!
<E! EAC!
Z#)$4/!&484/)#/G42N#*G!
@@! DAD! >E! >FAE!
C=! DA<!
B>! EAB!
@! BA?!
E! EA@!
C>! EAD!
<<! =A>!
"#40%/14&9;1N49G!)#M9%&4!8##2`94/9/!
@F! DAF! <F! >>AB!
CF! =AF!
C@! DA@!
@! BA?!
D! DAB!
CF! EA@!
>E! @A>!
W4`9/6K%2$/42!
>B! <AF!
?! >A=!
><! <A>!
E! >A=!
C! ?AB!
<! <A>!
<! FAB!
>?! CA<!
`#-%%26%8#/$**2!
><! >A@!
<! >A>!
>F! >A=!
=! >A?!
>! FAE!
C! CA?!
>F! <AC!
<! FA@!
a%//%(9)!4G!
=! FAE!
F! FAF!
=! >A<!
=! >A?!
F! FAF!
F! FAF!
@! >AC!
>! FA?!
J$*G94!
@! FAD!
>! FA@!
B! FAE!
<! FAC!
<! >AD!
<! <A>!
C! >AF!
<! FA@!
$#$%%&!
>D>?! !!
C<B! !!
>?DD! !!
>?@@! !!
<?=! !!
<>F! !!
>F=<! !!
@E?! !!
!"#$%&'()'&*++,-&./01#&
!
!
-),#/!,67Y9!D#*5#/<%$()'%#!*))(!<%$()'%#'#(<%4*?!1#(@.<&'$(.#>!#*!$#&/)01'!
!!
"#$%%&!
-902%/$!
!
!!
!!
H9GG4&&%/0!
Z#2$!
!!
Y!
,!
Y!
,
Y!
,
K))(!1#(@.<&/)*5!E#(@#*F!
!!
!!
!!
!
!!
!!
Y94$!
?E=! BDAF! >>B! =>AE <D<! B?AD
>!1442!K;!
><?! >DAF! <<! >?AD >F>! >EA?
<!1442!K;!
==! >>A?! >>!
@AE
@@! ><A@
?!1442!K;!
?E!
BA=!
D!
BAF
?>!
BAE
C!1442!K;!
<=!
?AE!
F!
FAF
<=!
BA<
B!1442!4/!-442!K;!
<>!
?A>!
C!
<AB
>=!
?A<
$#$%%&!
@DC! >FFAF! >@F! >FFA> B<C! >FFAF
!!
!!
!!
MN9<h<>A>=@kGXhBkKf.F>!
:.#/)*$!$#<%55#/5F!
!!
!!
!!
!
!!
!!
>V<!:414/!
E=! CDAF! >@! B>A@
D>! C=AC
?VC!:414/!
?@! >=AD!
D! <BAD
<D! >@AC
BVD!:414/!
<>! >FAC!
>!
?A<
<F! >>A=
EV><!:414/!
>E!
EAC!
<!
@AB
>=!
EAE
c><!:414/!
<E! >CAC!
C! ><AE
<B! >CA@
$#$%%&!
<F<! >FFAF! ?>! >FFAF >=>! >FFAF
!!
!!
!!
MN9<h?A@>?kGXhCk/)!
K))(!1#(@.<&'/)*5!)*5#(&F!
!!
!!
!!
!
!!
!!
Y94$!
?@!
BA=!
@!
CA>
?F!
@A<
>!1442!K;!
>C=! <?A?! ?>! <FAE >>@! <CAF
<!1442!K;!
>@=! <@AB! C<! <DAC ><B! <BAE
?!1442!K;!
>>=! >DAB! <D! >DAE
DE! >DAC
C!1442!K;!
E<! >CA@! <C! >@A<
@D! >CA>
B!1442!4/!-442!K;!
=<! >>AC! >=! >>AB
BB! >>AC
$#$%%&!
@?>! >FFAF! >CD! >FFAF CD?! >FFAF
<
!!
!!
!!
MN9 h<AF<kGXhBk/)!
:.#/)*$!$#<%55#/5F!
!!
!!
!!
!
!!
!!
>V<!:414/!
<EE! @@A@! D?! ==A@ <>@! @?A<
?VC!:414/!
DE! >EAD! <F! >DA=
@E! <FA<
BVD!:414/!
<<!
CAE!
<!
>AE
<F!
BAD
EV><!:414/!
<?!
BA>!
>!
FAE
<<!
@AC
c><!:414/!
>@!
?A@!
>!
FAE
>B!
CAC
$#$%%&!
CCE! >FFAF! >F=! >FFAF ?C<! >FFAF
!!
!!
!!
MN9<h><ADkGXhCkKf.FB!
!"#$%&'()'&*++,-&./01#&

!
!

GVG!

04(##2$4&%/G!
3#&4/!
5*&67#4!
Y!
,
Y!
,
!
!
!!
!!
?FF! @>A<
CF! ?DAB
=B! >BA?
?=! ?BA@
CB!
EA<
<<! <>A<
?<!
@AB
>!
>AF
<>!
CA?
?!
<AE
>=!
?AB
>!
>AF
CEF! >FFAF >FC! >FFA<
MN9<hC=A=?EkGXh>FkKf.F>!
!
!
!!
!!
=F! BCA?
E! >EA@
>E! >CA=
>C! ?FAC
D!
@A<
E! >EA@
>C! >FAE
C!
DA=
>D! >CAF
>F! <>A=
><E! >FFA>
C@! >FFAF
MN9<h<=A=EkGXhDkKf.F>!
!
!
!!
!!
<F!
CAC
>?! >CA@
D@! >DAD
CC! CEAC
><@! <=AB
>=! >EA>
EC! <FAB
D!
EAF
=B! >@AC
?!
?AC
B=! ><AC
C!
CAB
CBD! >FFAF
DE! >FFAF
<
MN9 h@BA=BDkGXh>FkKf.F>!
!
!
!!
!!
<??! =<A>
<F! ??A?
CE! >BA<
<E! CDA?
><!
?A=
@! >FAF
>E!
BAE
<!
?A?
>F!
?A>
?!
BAF
?<?! >FFAF
@F! EEAE
MN9<hC@A??@kGXhDkKf.F>!

04)&%MN$!
#8!H[P!
H%/!
R2#*:!
Y!
,!
Y!
,
Y!
,
!
!
!!
!
!!
!!
B=! @?A?! <FB! B?AC >D@! @BA=
>>! ><A<! =F! >DA<
CD! >=AF
>F! >>A>! CE! ><AD
<C!
DAB
@!
@A=! <=!
=AF
>>!
?AE
?!
?A?! >@!
CA<
>F!
?AB
?!
?A?! >=!
CAC
C!
>AC
EF! EEAE! ?DC! >FFAF <D?! >FFAF
MN9<h>CADF>kGXhBkKf.FB!
!
!
!!
!
!!
!!
>D! @@A=! @=! BCAE
<=! ?DAF
?! >>A>! <<! >DAF
>C! >EA=
C! >CAD! >>!
EAF
>F! >CA>
>!
?A=!
E!
=AC
=!
EAE
>!
?A=! >?! >FA=
>?! >DA?
<=! >FFAF! ><<! >FFAF
=>! >FFAF
MN9<h@AFC<kGXhCk/)!
!
!
!!
!
!!
!!
?!
?A@! <B!
=A>
>>!
CA>
>=! <FA<! DC! <CAF
BD! <>A=
<C! <DA@! D<! <?AC
D>! ?FA?
>B! >=AE! BB! >BA=
@F! <<AB
>C! >@A=! C=! >?AC
C?! >@A>
>>! >?A>! B=! >@A?
>C!
BA<
DC! >FFA>! ?BF! EEAE <@=! EEAE
<
MN9 h<BAEB?kGXhBkKf.F>!
!
!
!!
!
!!
!!
C@! @EA=! >BD! @BA@ >??! @=AB
>>! >@A=! CE! <FA?
CF! <FA?
C!
@A>! >B!
@A<
=!
?A@
<!
?AF! >F!
CA>
>>!
BA@
?!
CAB!
E!
?A=
@!
?AF
@@! >FFAF! <C>! EEAE >E=! >FFAF
MN9<h<A<>=kGXhCk/)!

L%T6*)$-#%T-8225&',.R-F-

!
-),#/!,\7P9!T>/#%5%*$&*%J#);!*))(!<%$()'%#'#(<%4*?!1#(@.<&'$(.#>!#*!$#&/)01'!
!!
$#$%%&!
-902%/$!
04(##2$4&%/G!
!
!!
!!
H9GG4&&%/0!
Z#2$!
3#&4/!
5*&67#4!
!!
Y!
,!
Y!
,!
Y!
,!
Y!
,!
Y!
,!
T>/#%5%*$&*%J#);!
!!
!!
!!
!
!!
!!
!
!
!!
!!
&%042!#/G42:9;)!
??!
CA@!
B!
?AF! <D!
BA>! <=!
BA<!
?!
<AD!
8-(#!
>@?! <<AE! ?>! >DA@! >?<! <CA?! >?>!
<BA>! >@!
>BA>!
N%8#68:#6-(#!
?=>! B<A<! E@! B=AB! <=B! BFA@! <=<!
B<A<! BF!
C=A<!
N(#6:#!
>CC! <FA?! ?B! <>AF! >FE! <FAF! E>!
>=AB! ?=!
?CAE!
$#$%%&!
=>>! >FFAF! >@=! >FFA>! BCC! >FFAF! B<>! >FFAF! >F@! >FFAF!
!!
!!
!!
MN9<hCA?>EkGXh?k/)!
MN9<h<FA<FCkGXh@kKf.F>!
!"#$%&'()'&*++,-&./01#&

W4)&%MN$!
#8!H[P!
H%/!
R2#*:!
Y!
,!
Y!
,!
Y!
,!
!
!
!!
!
!!
!!
?! ?A@! >E!
CAD! >?!
CAC!
>@! >EAF! >FD! <=A>! B>!
>=A?!
CE! BDA?! <F@! B>AD! >BB!
B<AB!
>@! >EAF! @B! >@A?! =@!
<BAD!
DC! EEAE! ?ED! >FFAF! <EB!
>FFAF!
MN9<h>CA@?=kGXh?kKf.F>!

-),#/!,\789!H(,#%5&>.&%'%#!%*!1#(@.<&'/)*5!*))(!<%$()'%#'#(<%4*?!1#(@.<&'$(.#>!#*!$#&/)01'!
!!
$#$%%&!
-902%/$!
04(##2$4&%/G!
!
!!
!!
-9GG4&&%/0!
1#2$!
3#&4/!
5*&67#4!
!!
Y!
,!
Y!
,!
Y!
,!
Y!
,!
Y!
,!
R))'&01)>>#/%4@#!>.&%'%#!
!!
!!
!!
!
!!
!!
!
!
!!
!!
:4214/G!
CC@! @<A@! >F=!
@@AE! ??E!
@>AC! ?F<! BEAF! DC! =BAF!
:421`#414/G!
>FB! >CA=!
>E!
>>AE!
D@!
>BA@! D@! >@AD! ><! >FA=!
N*9)N#*G4/!
<F!
<AD!
C!
<AB!
>@!
<AE! >B!
<AE!
?!
<A=!
)$*G4/$6)MN#&942!
>C>! >EAD!
?F!
>DAD! >>>!
<FA>! >FE! <>A?! >?! >>A@!
$#$%%&!
=><! >FFAF! >@F! >FFAF! BB<! >FFAF! B><! >FFAF! >><! >FFAF!
!!
!!
!!
MN9<h>AE?>kGXh?k/)!
MN9<h>CA??DkGXh@kKf.FB!
Q#(@'!.3!1##3'!$#E#(@'!%*9!
!!
!!
!!
!
!!
!!
!
!
!!
!!
Q%/GV!4/!"*9/(#*:!
DB! ><A=!
<F!
><A@!
@B!
><A=! =B! >BAD!
E!
DA?!
5#*:!
>>D! >=A@!
<E!
>DA<!
DE!
>=AB! DD! >DAB! >?! ><AF!
]/G*)$294!
>C=! <<AF!
?F!
>DAE! >>=!
<<AE! >>=! <CA@! >?! ><AF!
R428#42!4/!#K)&%0!
?D!
BA=!
>?!
DA<!
<B!
CAE! <@!
BAB!
E!
DA?!
_%14&9;146X9/%/M9d&4!G94/)$842&4/9/0!
B=!
DAB!
><!
=AB!
CB!
DAD! ?@!
=A@! >>! >FA<!
O#24M%A!24M24%$94!4/!M%$429/0!
CF!
@AF!
>F!
@A?!
?F!
BAE! <=!
BA=!
<!
>AE!
_#20!
>B!
<A<!
<!
>A?!
>?!
<AB!
D!
>A=!
B!
CA@!
L4$%9&N%/G4&!
@?!
EAC!
>=!
>FA=!
C@!
EAF! C@!
EA=! >?! ><AF!
W2##$N%/G4&!
>E!
<AD!
C!
<AB!
>B!
<AE! >C!
<AE!
C!
?A=!
Z9/G42#K8%/0!4/!#/G42:9;)!
??!
CAE!
=!
CAC!
<@!
BA>! >B!
?A<! >?! ><AF!
Z*/)$A!M*&$**2!4/!%-*)4-4/$!
<!
FA?!
<!
>A?!
F!
FAF!
F!
FAF!
>!
FAE!
\/G42)!/%-4&9;1!
B<!
=AD!
>?!
DA<!
?E!
=A@! <?!
CAD! >B! >?AE!
$#$%%&!
@@E! >FFAF! >BE! >FFA>! B>F! >FFAF! C=B! >FFAF! >FD! >FFAF!
!!
!!
!!
MN9<h>>AC<EkGXh>>k/)!
MN9<hD>AED?kGXh<<kKf.F>!
]#(.#>&*%J#);!
!!
!!
!!
!
!!
!!
!
!
!!
!!
P&4-4/$%92!(42#4K!
>><! >=AF!
<F!
>?A<!
E<!
>DA<! DD! >DAD! >F!
EA?!
Q%042!(42#4K!
<@C! CFA<!
@=!
CCAC! >E=!
?DAE! <>=! C@AC! ?F! <DAF!
H9GG4&(%%2!(42#4K!
<>F! ?<AF!
CC!
<EA>! >@@!
?<AD! >??! <DAC! C<! ?EA?!
O##0!(42#4K!
=>! >FAD!
<F!
>?A<!
B>!
>FA>! ?F!
@AC! <B! <?AC!
$#$%%&!
@B=! >FFAF! >B>! >FFAF! BF@! >FFAF! C@D! >FFAF! >F=! >FFAF!
!!
!!
!!
MN9<hCAFD@kGXh?k/)!
MN9<hB@AE=BkGXh@kKf.F>!
]#(.#>&*%J#);!'.J!.>/#%5%*$!
!!
!!
!!
!
!!
!!
!
!
!!
!!
I%A!1#-$6!1:%-!#84244/!
?B<! B<A=!
=E!
B>A?! <=?!
B?A>! <?E! BFA=! @?! B=A?!
/44A!8%/!&%042!/984%*!G%/!#K&49G9/0!
>BC! <?A>!
C>!
<@A@! >>?!
<<AF! >FE! <?A>! <?! <FAE!
/44A!8%/!N#042!/984%*!G%/!#K&49G9/0!
<>!
?A>!
B!
?A<!
>@!
?A>! >>!
<A?!
=!
@AC!
R##2!94$)!%/G42)!#K04&49G!
>C>! <>A>!
<E!
>DAD! >><!
<>AD! >><! <?AD! >=! >BAB!
$#$%%&!
@@D! >FFAF! >BC! >FFAF! B>C! >FFAF! C=>! EEAE! >>F! >FFAF!
!!
!!
!!
MN9<h>A@=DkGXh?k/)!
MN9<h>>A@BEkGXh@k/)!
!"#$%&'()'&*++,-&./01#&

04)&%MN$!
#8!H[P!
-%/!
82#*:!
Y!
,!
Y!
,!
Y!
,!
!
!
!!
!
!!
!!
@F! @DA<! <DB!
=<AF! >B>! BFA=!
=!
DAF! BC!
>?A@! CD! >@A>!
<!
<A?!
C!
>AF!
>B!
BAF!
>E! <>A@! B?!
>?AC! DC! <DA<!
DD! >FFAF! ?E@! >FFAF! <ED! >FFAF!
MN9<hC>AE>=kGXh?kKf.F>!
!
!
!!
!
!!
!!
>!
>A<! B>!
>?AC! ?F! >>A>!
>=! >EAD! >>C!
<EAD!
C!
>AB!
>=! >EAD! E>!
<?AD! BF! >DAB!
?!
?AB! ??!
DA@!
B!
>AD!
>F! >>A@! ?F!
=AE! <=! >FAF!
>>! ><AD! >>!
<AE! <E! >FA=!
<!
<A?!
F!
FAF!
>B!
BAB!
C!
CA=! >B!
?AE! C@! >=AF!
>!
>A<!
=!
>AD!
>F!
?A=!
B!
BAD!
B!
>A?!
<D! >FA?!
>!
>A<!
>!
FA?!
>!
FAC!
>C! >@A?! <C!
@A?! <@!
EA@!
D@! >FFAF! ?D<! >FFAF! <=>! >FFAF!
MN9<h>D<A@kGXh>>kKf.F>!
!
!
!!
!
!!
!!
>C! >=A>! B=!
>BA>! BF! >DAE!
>=! <FA=! >@F!
C<AC! EE! ?=AC!
?B! C<A=! ><B!
??A<! D>! ?FA@!
>@! >EAB! ?B!
EA?! ?B! >?A<!
D<! >FFAF! ?==! >FFAF! <@B! >FFAF!
MN9<hCAD?>kGXh?k/)!
!
!
!!
!
!!
!!
BF! B=AB! <F=!
B?AE! >?D! B>AB!
<<! <BA?! D=!
<<A=! @C! <?AE!
?!
?AC! >?!
?AC!
=!
<A@!
><! >?AD! ==!
<FA>! BE! <<AF!
D=! >FFAF! ?DC! >FFA>! <@D! >FFAF!
MN9<hFAD=BkGXh?k/)!

!
!

!

GVN!

M4>9*),-

!
-),#/!,\769!H(,#%5&>.&%'%#!%*!1#(@.<&'/)*5!*))(!<%$()'%#'#(<%4*?!1#(@.<&'$(.#>!#*!$#&/)01'!
!!
$#$%%&!
-902%/$!
04(##2$4&%/G!
!
!!
!!
-9GG4&&%/0!
1#2$!
3#&4/!
5*&67#4!
!!
Y!
,!
Y!
,!
Y!
,!
Y!
,!
Y!
,!
](;'.!/..*!
!!
!!
!!
!
!!
!!
!
!
!!
!!
>!$6-!<CE!4*2#!
=C! >?A>!
>E!
>CAD!
BB!
><A@! C>! >FA>! ?F! ??AF!
<BFVCEE!4*2#!
>DD! ??A?!
C?!
??A@! >CB!
??A<! >C<! ?BA>! <@! <DA@!
BFFVEEE!4*2#!
>C?! <BA?!
<E!
<<A=! >>C!
<@A>! EC! <?A<! <?! <BA?!
>FFFV>CEE!4*2#!
E@! >=AF!
>@!
><AB!
DF!
>DA?! =E! >EAB!
=!
=A=!
>BFF!4*2#!#X!-442!
@C! >>A?!
<>!
>@AC!
C?!
EAD! CE! ><A>!
B!
BAB!
"#$%%&!
B@B! >FFAF! ><D! >FFAF! C?=! >FFAF! CFB! >FFAF! E>! >FFAF!
!!
!!
!!
MN9<h@ABDCkGXhCk/)!
MN9<hBFACF>kGXhDkKf.F>!
K#''.!/..*!
!!
!!
!!
!
!!
!!
!
!
!!
!!
>!$6-!<CE!4*2#!
>?E! <CA@!
?=!
<DAE! >F<!
<?A?! EF! <<A<! CF! CCAF!
<BFVCEE!4*2#!
>E=! ?CAD!
?D!
<EA=! >BE!
?@A?! >?=! ??A=! <E! ?>AE!
BFFVEEE!4*2#!
>?E! <CA@!
<@!
<FA?! >>?!
<BAD! >F@! <@A>! >D! >EAD!
>FFFV>CEE!4*2#!
BB!
EA=!
>C!
>FAE!
C>!
EAC! CC! >FAD!
?!
?A?!
>BFF!4*2#!#X!-442!
?@!
@AC!
>?!
>FA<!
<?!
BA?! <E!
=A>!
>!
>A>!
$#$%%&!
B@@! >FFA>! ><D! >FFAF! C?D! >FFAF! CF@! EEAE! E>! >FFAF!
!!
!!
!!
MN9<h=A=??kGXhCk/)!
MN9<h?<AFC@kGXhDkKf.F>!
!"#$%&'()'&*++,-&./01#&

04)&%MN$!
#8!H[P!
-%/!
82#*:!
Y!
,!
Y!
,!
Y!
,!
!
!
!!
!
!!
!!
?!
CA?! ?=!
>FAE! ?=! >=A=!
<F! <EAF! E=!
<DAB! D@! C>A>!
<@! ?=A=! E>!
<@AD! CE! <?AC!
>F! >CAB! @D!
<FAF! <B! ><AF!
>F! >CAB! C=!
>?AD! ><!
BA=!
@E! >FFAF! ?CF! >FFAF! <FE! >FFAF!
MN9<h<CAF>CkGXhCkKf.F>!
!
!
!!
!
!!
!!
E! >?AF! @B!
>EA>! =?! ?CAD!
?>! CCAE! >>?!
??A<! ==! ?@A=!
>B! <>A=! E?!
<=AC! C?! <FAB!
D! >>A@! ?E!
>>AB! ><!
BA=!
@!
DA=! ?F!
DAD!
B!
<AC!
@E! >FFAF! ?CF! >FFAF! <>F! >FFAF!
MN9<h<DA@ECkGXhCkKf.F>!

-),#/!,\7\9!H(,#%5&>.&%'%#!%*!K#5#(/)*5!*))(!<%$()'%#'#(<%4*?!1#(@.<&'$(.#>!#*!$#&/)01'!
!!
"#$%%&!
-902%/$!
04(##2$4&%/G!
!
!!
!!
H9GG4&&%/0!
Z#2$!
3#&4/!
5*&67#4!
!!
Y!
,!
Y!
,!
Y!
,!
Y!
,!
Y!
,!
R))'&01)>>#/%4@!>.&%'%#!
!!
!!
!!
!
!!
!!
!
!
!!
!!
:4214/G!
=FB! ECAB! >@<! E?A>! BC?! ECAE! B>B! EBA=! >FF! D=A=!
:421`#414/G!
<C!
?A<!
B!
<AE! >E!
?A?!
E!
>A=! >>!
EA@!
N*9)N#*G4/!
>=!
<A?!
=!
CAF! >F!
>A=! >C!
<A@!
?!
<A@!
$#$%%&!
=C@! >FFAF! >=C! >FFAF! B=<! EEAE! B?D! >FFAF! >>C! EEAE!
!!
!!
!!
MN9<h?A>@kGXh<k/)!
MN9<h<<AF@EkGXhCkKf.F>!
H(,#%5&>.&%'%#!
!!
!!
!!
!
!!
!!
!
!
!!
!!
&##/G94/)$!89%!*9$`4/G(*24%*!
?F@! C?A>! CE! ?FA>! <B=! C=AF! <@D! B>A@!
=!
@AE!
&##/G94/)$!$9;G4&9;1!M#/$2%M$!
<F<! <DAB! C@! <DA<! >B@! <DAB! >?E! <@AD! C<! C>A<!
&##/G94/)$!8%)$!M#/$2%M$!
DE! ><AB! ?F! >DAC! BE! >FAD! @D! >?A>!
@!
BAE!
4904/!(4G29;X!
DD! ><AC! ?>! >EAF! B=! >FAC! ?@!
@AE! ?<! ?>AC!
'*9$)&*9$4/G+!`:%2$!:421!
<B!
?AB!
=!
CA?! >D!
?A?!
D!
>AB! >B! >CA=!
$#$%%&!
=>F! >FFAF! >@?! >FFAF! BC=! >FFAF! B>E! EEAE! >F<! >FFA>!
!!
!!
!!
MN9<h<<AF><kGXhCkKf.F>!
MN9<h>CBA<>kGXhDkKf.F>!
V#0'.(!
!!
!!
!!
!
!!
!!
!
!
!!
!!
Q%/GV!4/!"*9/(#*:!
???! C@A@! CD! <EA>! <DB! B>AE! <DF! BCA?! ?E! ?@AC!
5#*:!
DD! ><A?! ?<! >EAC! B@! >FA<! CD!
EA?! <?! <>AB!
]/G*)$294!
>FC! >CA@! <?! >?AE! D>! >CAD! DB! >@AB!
<!
>AE!
R428#42!4/!#K)&%0!
B<!
=A?! >B!
EA>! ?=!
@A=! ?B!
@AD!
@!
BA@!
_%14&9;146X9/%/M9d&4!G94/)$842&4/9/0!
BE!
DA?! <=! >@AC! ?<!
BAD! ?>!
@AF! >B! >CAF!
O#24M%A!24M24%$94!4/!M%$429/0!
>E!
<A=!
=!
CA<! ><!
<A<! >F!
>AE!
?!
<AD!
_#20!!
@!
FAD!
>!
FA@!
B!
FAE!
>!
FA<!
C!
?A=!
L4$%9&N%/G4&!!
B!
FA=!
>!
FA@!
C!
FA=!
?!
FA@!
<!
>AE!
W2##$N%/G4&!
@!
FAD!
<!
>A<!
C!
FA=!
B!
>AF!
F!
FAF!
Z9/G42#K8%/06#/G42:9;)6#/G42`#41!
>C!
<AF!
>!
FA@! >?!
<AC!
D!
>A@!
C!
?A=!
\/G42)!/%-4&9;1!
<D!
?AE!
D!
CAD! <F!
?A@! >F!
>AE!
E!
DAC!
$#$%%&!
=>C! >FFAF! >@B! EEAE! BCE! EEAE! B>@! >FFA>! >F=! EEAE!
!!
!!
!!
MN9<hCBAECBkGXh>FkKf.F>!
MN9<h>>BA=DDkGXh<FkKf.F>!
]#(.#>&*%J#);!
!!
!!
!!
!
!!
!!
!
!
!!
!!
P&4-4/$%92!(42#4K!
<C@! ?=A?! CF! <@A=! <F@! CFAC! <F<! C<A=! >D! >=AB!
Q%042!(42#4K!
<@?! ?EAD! @=! CCA=! >E@! ?DAC! >E<! CFA@! C>! ?EAD!
H9GG4&(%%2!(42#4K!
EE! >BAF! <E! >EA?! =F! >?A=! BE! ><AB! <B! <CA?!
O##0!(42#4K!
B<!
=AE! >C!
EA?! ?D!
=AB! <F!
CA<! >E! >DAC!
$#$%%&!
@@F! >FFAF! >BF! >FFAF! B>F! >FFAF! C=?! >FFAF! >F?! >FFAF!
!!
!!
!!
MN9<hEAEC>kGXh?kKf.FB!
MN9<hB?AF?kGXh@kKf.F>!
!"#$%&'()'&*++,-&./01#&

04)&%MN$!
#8!H[P!
H%/!
R2#*:!
Y!
,!
Y!
,!
Y!
,!
!
!
!!
!
!!
!!
EF! EBA=! CF>! E@A<! <DB!
E>AE!
C!
CA?! >C!
?AC! >F!
?A<!
F!
FAF!
<!
FAB! >B!
CAD!
EC! >FFAF! C>=! >FFA>! ?>F!
EEAE!
MN9<h>CA=EBkGXh<kKf.F>!
!
!
!!
!
!!
!!
?>! ?CAD! >=C! C?A>! ><<!
C<AC!
<>! <?A@! >>F! <=A<! D=!
?FA<!
>B! >@AE! CB! >>A>! C<!
>CA@!
<F! <<AB! @?! >BA@! <C!
DA?!
<!
<A<! ><!
?AF! >?!
CAB!
DE! >FFAF! CFC! >FFAF! <DD! >FFAF!
MN9<h>FA<E>kGXhCkKf.FB!
!
!
!!
!
!!
!!
>C! >BAC! >@=! C>A?! >B@!
B?A<!
>=! >DA=! D@! <>A?!
<!
FA=!
>=! >DA=! @?! >BA@! ?E!
>?A?!
>>! ><A>! ?D!
EAC! >>!
?AD!
>?! >CA?! <<!
BAC! ?B!
>>AE!
@!
@A@!
E!
<A<! >F!
?AC!
>!
>A>!
<!
FAB!
C!
>AC!
F!
FAF!
>!
FA<!
C!
>AC!
>!
>A>!
?!
FA=!
?!
>AF!
<!
<A<!
<!
FAB! ><!
CA>!
E!
EAE! >>!
<A=! >=!
BAD!
E>! >FFA>! CFC! EEAD! <E?! >FFAF!
MN9<hEEADCEkGXh>FkKf.F>!
!
!
!!
!
!!
!!
<@! ?>AF! ><?! ?<A?! >>C!
C?AB!
?F! ?BA=! >@>! C<A?! EB!
?@A?!
>B! >=AE! @E! >DA>! ?F!
>>AB!
>?! >BAB! <D!
=A?! <?!
DAD!
DC! >FFA>! ?D>! >FFAF! <@<! >FFA>!
MN9<h>>ABDBkGXh?kKf.F>!

!
!

!

GVR!

M4>9*),-

!
-),#/!,\7Y9!H(,#%5&>.&%'%#!%*!K#5#(/)*5!A,#(.#>&*%J#);!#*!)(,#%5&5;;(C!*))(!<%$()'%#'#(<%4*?!1#(@.<&'$(.#>!#*!$#&/)01'!
$#$%%&!
-902%/$!
04(##2$4&%/G!
04)&%MN$!
!!
!
!!
!!
H9GG4&&%/0!
Z#2$!
3#&4/!
5*&67#4!
#8!H[P!
H%/!
R2#*:!
!!
Y!
,!
Y!
,!
Y!
,!
Y!
,!
Y!
,! Y!
,!
Y!
,!
Y!
,!
]#(.#>&*%J#);!'.J!.>/#%5%*$&*%J#);
!!
!!
!!
!
!!
!!
!
!
!!
!!
!
!
!!
!
!!
!!
I%A!1#-$6!1:%-!#84244/!
<B>! ?@A<! @B! CFA>! >D@! ?BAF! >D=! ?=AF! ?D! ?@AE! <@! ?FA@! >B@! ?EAB! DE! ?>A@!
/44A!9)!8%/!44/!&%042!/984%*!
<@=! ?DAB! BD! ?BAD! <FE! ?EAC! >D=! ?=AF! CC! C<A=! ?@! C<AC! >CB! ?@A=! >>B!
CFAD!
/44A!9)!8%/!44/!N#042!/984%*!
>F!
>AC!
@!
?A=!
C!
FAD!
B!
>AF!
?!
<AE! <!
<AC!
D!
<AF!
<!
FA=!
R##2!94$)!%/G42)!#K04&49G!
>@B! <?AD! ??! <FAC! >?<! <CAE! ><@! <BAF! >D! >=AB! <>! <CA=! D@! <>AD! =@!
<=AF!
"#$%%&!
@E?! EEAE! >@<! >FFAF! B?>! >FFA>! BFB! >FFAF! >F?! >FFAF! DB! >FFA>! ?EB! >FFAF! <D<! >FFA>!
!!
!!
!!
MN9<hEAD?@kGXh?kKf.FB!
MN9<h@A=<?kGXh@k/)!
MN9<h=A?CBkGXh?k/)!
K%J#);!'.J!E#(@!1#(@.<&'/)*5!
!!
!!
!!
!
!!
!!
!
!
!!
!!
!
!
!!
!
!!
!!
I%A!1#-$6!1:%-!#84244/!
>=C! CFAC! CB! CCA@! ><E! ?EA>! >>@! CFAF! ?>! CFA?! <=! C<A<! >>D! C?AE! BC! ?BA?!
/44A!9)6!:%)!8%/!44/!&%042!/984%*!
>BC! ?BA=! ?D! ?=A@! >>@! ?BA<! >FC! ?BAE! ?F! ?EAF! <F! ?>A?! D@! ?<AF! @<!
CFAB!
/44A!9)6!:%)!8%/!44/!N#042!/984%*!
>F?! <?AE! >D! >=AD! DB! <BAD! =F! <CA>! >@! <FAD! >=! <@A@! @B! <CA<! ?=!
<CA<!
"#$%%&!
C?>! >FFAF! >F>! >FFAF! ??F! >FFA>! <EF! >FFAF! ==! >FFA>! @C! >FFA>! <@E! >FFA>! >B?! >FFAF!
!!
!!
!!
MN9<h<A=C<kGXh<k/)!
MN9<h>A>BEkGXhCk/)!
MN9<h?A=E<kGXh<k/)!
H(,#%5&5;;(!
!!
!!
!!
!
!!
!!
!
!
!!
!!
!
!
!!
!
!!
!!
>V>E!**2!
?=!
BAC!
=!
CAC! ?F!
BA@! <F!
?AE! >>! >>A@! @!
=A>! >E!
CAD! >=!
@A<!
<FV?C!**2!
E?! >?AB! >D! >>A?! =B! >CA>! @=! >?A>! >=! >=AE! E! >FA=! CF! >FAF! B>! >DA=!
?BVCF!**2!
<BD! ?=AC! @F! ?=A=! >ED! ?=A?! >DD! ?@AD! ?>! ?<A@! ?E! C@AC! >BE! ?EAD! E>! ??A?!
C>VBF!**2!
<C=! ?BAD! BC! ?CAF! >E?! ?@A?! <FF! ?EA>! <E! ?FAB! >D! <>AC! >CB! ?@A?! E@! ?BA<!
B>!**2!4/!-442!
BB!
DAF! <F! ><A@! ?B!
@A@! ?@!
=AF!
=!
=AC! ><! >CA?! ?=!
EA?! >D!
@A@!
$#$%%&!
@EF! >FFA>! >BE! >FFAF! B?>! EEAE! B>>! EEAE! EB! >FFAF! DC! EEAE! CFF! >FFA<! <=?! >FFAF!
!!
!!
!!
MN9<h@A==<kGXhCk/)!
MN9<h<BA@=BkGXhDkKf.F>!
MN9<h><AEBEkGXhCkKf.FB!
!"#$%&'()'&*++,-&./01#&
!
!
-),#/!,\7O9!H(,#%5&>.&%'%#!%*!K#5#(/)*5!*))(!<%$()'%#'#(<%4*?!1#(@.<&'$(.#>!#*!$#&/)01'!
!!
$#$%%&!
-902%/$!
04(##2$4&%/G!
!
!!
!!
H9GG4&&%/0!
Z#2$!
3#&4/!
5*&67#4!
!!
Y!
,!
Y!
,!
Y!
,!
Y!
,!
Y!
,!
Q#(@!$#J.*5#*!J%)9!
!!
!!
!!
!
!!
!!
!
!
!!
!!
R9%!Y4G42&%/G)4!X%-9&94A!8294/G4/!
<FD! <EA>! BB! ??A=! >B?! <=AD! >D>! ?BAF! >=! >@A<!
R9%!&%/G04/#$4/!'X%-9&94A!8294/G4/+!
=E! >>A>!
E!
BAB! =F! ><A=! <@!
BAF! ?C! ?<AC!
R9%!X%-9&94A!8294/G4/A!14//9))4/!
@C!
EAF! >=! >FAC! C=!
DAB! ?E!
=AB! >C! >?A?!
R9%!44/!%G842$4/$94!!
><!
>A=!
B!
?A>!
=!
>A?!
E!
>A=!
>!
>AF!
R9%!9/$42/4$!
E=! >?A@! >@!
EAD! D>! >CA=! =F! >?AB! >>! >FAB!
R9%!%G842$4/$94!9/!12%/$!
<@!
?A@!
<!
>A<! <C!
CAC! <>!
CA>!
<!
>AE!
R9%!*9$`4/G(*24%*!9/!Y4G42&%/G!
BE!
DA?! >C!
DA@! CB!
DA<! C=!
EA>!
<!
>AE!
R9%!*9$`4/G(*24%*!9/!N421#-)$&%/G!
@=!
EAC! >F!
@A>! B=! >FA?! @<! ><AF!
F!
FAF!
U42G!0482%%0G!
>?!
>AD!
B!
?A>!
D!
>AB!
B!
>AF!
?!
<AE!
_4&X!(4G29;84/!(4/%G42G!
<D!
?AE!
=!
CA?! <>!
?AD! <<!
CA?!
<!
>AE!
_4&X!%G842$4/$94!04K&%%$)$!
>!
FA>!
F!
FAF!
>!
FA<!
F!
FAF!
>!
>AF!
_4&X!(4G29;X!04)$%2$!
>B!
<A>!
E!
BAB!
@!
>A>!
E!
>A=!
@!
BA=!
\/G42)A!/%-4&9;1!l.!
CB!
@A?! >C!
DA@! ?>!
BA@! <@!
BAF! ><! >>AC!
$#$%%&!
=>C! >FFAF! >@?! EEAE! BB>! >FFA>! B>=! EEAE! >FB! >FFA>!
!!
!!
!!
MN9<h?CAF>?kGXh><kKf.F>!
MN9<h>BFA=<<kGXh<CkKf.F>!
!"#$%&'()'&*++,-&./01#&
!
!

!

GVV!

04)&%MN$!
#8!H[P!
H%/!
R2#*:!
Y!
,!
Y!
,!
Y!
,!
!
!
!!
!
!!
!!
>F! >FAE! >>?! <DAF! DD! ?FA<!
>E! <FA=! ?@!
DAE! C?!
>CAD!
>>! ><AF! ?B!
DA=! <D!
EA@!
<!
<A<!
=!
>A=!
C!
>AC!
>@! >=AC! @=! >@A@! <D!
EA@!
?!
?A?! >B!
?A=! >F!
?AC!
>F! >FAE! ?B!
DA=! <<!
=A@!
B!
BAC! ??!
DA<! ?>! >FA=!
B!
BAC!
E!
<A<!
C!
>AC!
C!
CA?! >C!
?AB! >C!
CAD!
F!
FAF!
>!
FA<!
F!
FAF!
F!
FAF! >B!
?A=!
F!
FAF!
=!
=A@! <C!
BAE! >E!
@AB!
E<! >FFA>! CFC! >FFAF! <E>! >FFAF!
MN9<h<@A>DDkGXh><kKf.FB!

L%T6*)$-#%T-8225&',.R-Y-

-),#/!,Y7P9!+#<%55#/5!%*@.<#*!*))(!<%$()'%#'#(<%4*?!1#(@.<&'$(.#>!#*!$#&/)01'!
!!
$#$%%&!
-902%/$!
04(##2$4&%/G!
!
!!
!!
H9GG4&&%/0!
Z#2$!
3#&4/!
5*&67#4!
!!
Y! 04-!
Y!
04-!
Y! 04-!
Y!
04-!
Y! 04-!
52*$#!-%%/G&##/!
B>E! >CDF! ><>! >===! ?ED! >?EF! >EF! >=@<! <FD! >??F!
!!
!!
!!
^h<<AE>CkKf.F>!
^hCAEDDk!Kf.F>!
Y4$$#!-%%/G&##/!
B>E! >>?=! ><>! >?C@! ?ED! >F=C! >EF! >?C=! <FD! >F?F!
!!
!!
!!
^h>EA?<Bk!Kf.F>!
^hDA<>@k!Kf.F>!
52*$#!9/1#-)$4/!K42!**2!
BF@! EA=F! >>E! >FA=B! ?D=! EA?D! >D?! >>A?C! <FB! DA@<!
!!
!!
!!
^hCAF<BkKf.FB!
^h>FAED=k!Kf.F>!
Y4$$#!9/1#-)$4/!K42!**2!
BF@! =AB>! >>E! DA<=! ?D=! =A<D! >D?! DA@B! <FB! @A=@!
!!
!!
!!
^h?AFEBk/)!
^h>?AF<@k!Kf.F>!
!"#$%&'()'&*++,-&./01#&

04)&%MN$!
#8!H[P!
H%/!
R2#*:!
Y! 04-!
Y!
04-!
Y!
04-!
><>! ><EB! ?>F! >BE>! >EC!
>?F?!
^h>BADk!Kf.F>!
><>! EE?! ?>F! ><<>! >EC!
>FFE!
^h>CA=Bk!Kf.F>!
>>D! EAFB! ?F@! >FA<>! >DB!
DAE>!
^hCACE>kKf.FB!
>>D! =AF?! ?F@! =ADD! >DB!
@AE@!
^h?A?>Ek/)!

!
!
-),#/!,Y789!I33#0'#*!J)*!5#!)(,#%5&<)(@'>.&%'%#!.>!1#'!%*@.<#*!
!!
R.5#/!P!
M#/)$%/$4!
-902%/$!'24X424/$94M%$40#294S-9GG4&&%/04!$42-9;/!-902%/$+!
5*&0%24/67#4-4/4/!'24X424/$94M%$40#294S!3#&4/+!!
[84290!H[P!
Q44X$9;G!
W4)&%MN$!'24X424/$94M%$40#294S!-%//4/+!
^hB.EBk!3f.F>!
!
7<h.F@!
!
!
R.5#/!8!
!
M#/)$%/$4!
-902%/$!'24X424/$94M%$40#294S-9GG4&&%/04!$42-9;/!-902%/$+!
5*&0%24/67#4-4/4/!'24X424/$94M%$40#294S!3#&4/+!!
[84290!H[P!
Q44X$9;G!
W4)&%MN$!'24X424/$94M%$40#294S!-%//4/+!
5#*:!'24X424/$94M%$40#294S!&%/G(#*:+!
]/G*)$294!
R428#42!4/![K)&%0!
_%14&9;14!L94/)$842&4/9/0!
[842904!)4M$#24/!
^h=.E>k!3f.F>!
!
7<h.>C!
!
!
R.5#/!6!
!
M#/)$%/$4!
-902%/$!'24X424/$94M%$40#294S-9GG4&&%/04!$42-9;/!-902%/$+!
5*&0%24/67#4-4/4/!'24X424/$94M%$40#294S!3#&4/+!!
[84290!H[P!
Q44X$9;G!
W4)&%MN$!'24X424/$94M%$40#294S!-%//4/+!
5#*:!'24X424/$94M%$40#294S!&%/G(#*:+!
]/G*)$294!
R428#42!4/![K)&%0!
_%14&9;14!L94/)$842&4/9/0!
[842904!)4M$#24/!
"9;G4&9;1!:421!'24X424/$94M%$40#294S!*9$`4/G:421+!
R%)$!:421!
P904/!54G29;X!
_:%2$!:421!
^h@A=Ck!3f.F>!
7<h.>=!
!
!"#$%&'()'&*++,-&./01#&

GVI!

5

JP!5

54$%!!

"!

K

DA>E!
V<ABC!
CA<?!
<A?@!
V>A<B!
V<AF?!

FAFF!
FAF>!
FAFF!
FAF<!
FA<>!
FAFC!

!
>CAD@!
V>A=>!
?ABD!
<AF?!
VFAFC!
V>A>E!

>AD<!
FA@D!
FADB!
FAD@!
FAF?!
FABE!
!
!

>ADD!
FA@=!
FADC!
FAD=!
FAF?!
FA@F!
FAE<!
FAD>!
>AFE!
>A>?!
FAEE!
!
!

>AE>!
FA@D!
FADD!
FAD@!
FAF?!
FA@F!
>AF@!
FAD>!
>AFE!
>A>B!
>AFF!
FA@=!
FADE!
>A><!
>A@B!
!

!
!
!
!

!
!

!

!
!
!
!

!
!

FAFF!
FA?F!
FAFF!
FAC=!
FA?C!
FAFC!
FAFF!
FAF>!
FADF!
FAFF!
FAFF!
!
!
!

BA<?!
VFABB!
<AFB!
FABE!
VFA==!
V<A>E!
>A=C!
<AD@!
FAFB!
CA<<!
CA>F!
<AC<!
<ACD!
?A>F!
FAE=!

VFAF?!
FA>F!
FAF?!
VFAF?!
VFA>F!
FA>F!
FA>?!
FAFF!
FA<F!
FA>E!
FA><!
FA><!
FA>=!
FAFB!
!

!
!

@AFD!
V>AFC!
<AEC!
FA=<!
VFAEB!
V<AFC!
?AB=!
<AD?!
FA<B!
BAF?!
CA@D!

VFAFB!
FA>?!
FAF?!
VFAFC!
VFAFE!
FA>D!
FA>?!
FAF>!
FA<?!
FA<<!
!
!

!
EAEE!
VFA?=!
>AD>!
FAB>!
VFAF<!
V>A?>!
>ADC!
<A?F!
FAFB!
CAD=!
CA>F!
>A@?!
<A<<!
?AC=!
>A@>!

VFA>>!
FA>E!
FA>>!
VFAF@!
VFAFE!
!
!

!
>>AC?!
VFA=F!
<ACE!
FA@?!
VFAF?!
V>A<<!
?A<D!
<A?F!
FA<=!
BA@E!
CA@C!

!

!
!

FAFF!
FABD!
FAFC!
FAB@!
FACC!
FAF?!
FAFD!
FAFF!
FAE@!
FAFF!
FAFF!
FAF<!
FAF>!
FAFF!
FA??!
!

M4>9*),-

!
-),#/!,Y769!+#<%55#/5#!;%'$)J#*!*))(!<%$()'%#'#(<%4*?!1#(@.<&'$(.#>!#*!$#&/)01'`!
!!
$#$%%&!
-902%/$!
04(##2$4&%/G!
!
!!
!!
H9GG4&&%/0!
Z#2$!
3#&4/!
5*&67#4!
!!
Y! 04-!
Y!
04-!
Y! 04-!
Y!
04-!
Y! 04-!
O**2!'9/M&*)94X!0%)A!:%$42A!&9MN$+!...!
CD?! ??C! ><F!
C<F! ?@?! ?FB! >DC!
C@<! >D@! <@F!
!
!!
!!
^h>@A==EkKf.F>!
^hDADECk!Kf.F>!
Q484/)#/G42N#*G!!
CD?! <@F! ><F!
??>! ?@?! <?@! >DC!
?>=! >D@! <<B!
!
!!
!!
^h>=ACFCk!Kf.F>!
^h>A?>?k/)!
JK%24/!...!
CD?! <D>! ><F!
?<C! ?@?! <@=! >DC!
?<@! >D@! <@@!
!
!!
!!
^h<A>FDk/)!
^hFA=?Bk/)!
74-9$$%/M4)!
CD?! >?<! ><F!
>CC! ?@?! ><D! >DC!
>B<! >D@! >>F!
!
!!
!!
^hFA?>=k/)!
^hCA@==kKf.FB!
[842904!*9$0%84/!
CD?!
B<! ><F!
DB! ?@?!
C<! >DC!
=E! >D@!
CC!
!!
!!
!!
^hBA==?kKf.FB!
^h>ACEEk/)!
:05;5<=/5&>3$&"50?#$45$=5$&4/5&3;;5&@/=A3>5$>"3A5$&B5115$&/$A5>@;4C&
!"#$%&'()'&*++,-&./01#&

04)&%MN$!
#8!H[P!
H%/!
R2#*:!
Y! 04-!
Y!
04-!
Y!
04-!
>>?! <C=! <=E!
??D! >E?!
??>!
^hFAFDk!/)!
>>?! <<<! <=E!
<BB! >E?!
<@=!
^hFA??Dk/)!
>>?! <?>! <=E!
?><! >E?!
<C=!
^h?A?DCk/)!
>>?! >?C! <=E!
>BB! >E?!
>F<!
^hCABDBkKf.FB!
>>?!
<?! <=E!
@>! >E?!
?D!
^h>AEECk!/)!

!
!
-),#/!,Y7\9!a#()*5#(%*$!%*!3%*)*0%N/#!&%';)'%#!*))(!<%$()'%#'#(<%4*?!1#(@.<&'$(.#>!#*!$#&/)01'!
$#$%%&!
-902%/$
04(##2$4&%/G
!!
!
!!
!!
H9GG4&&%/0
Z#2$
3#&4/
5*&67#4
!!
Y!
,!
Y!
,!
Y!
,!
Y!
,!
Y!
,!
M%*)*0%N/#!&%';)'%#!,%4!J#('(#@!;%'!
1#(@.<&'/)*5!
!!
!!
!!
!
!!
!!
!
!
!!
!!
N%G!)MN*&G4/!
>C?! <FA<! ?<! >EAD! >>>! <FA?! >F>! <FAF! <E! <BAE!
-#4)$!)K%%2-9GG4&4/!%%/)K2414/!
>>D! >@A=! <?! >CA<! EB! >=AC! E<! >DA<! >@! >CA?!
1#/!K24M94)!2#/G1#-4/!
<DB! CFA?! @B! CFA>! <<F! CFA?! <<>! C?AD! ?B! ?>A?!
1#/!44/!(44$;4!04&G!#842N#*G4/!
>?F! >DAC! ?<! >EAD! ED! >=AE! =C! >CA=! <B! <<A?!
1#/!844&!04&G!#842N#*G4/!
?<!
CAB! >F!
@A<! <<!
CAF! >=!
?AC!
=!
@A?!
$#$%%&!
=FD! >FFA>! >@<! >FFA>! BC@! EEAE! BFB! >FFA>! >><! >FFA>!
!!
!!
!!
MN9<h<A<D>kGXhCk/)!
MN9<h?CABFBkGXhDkKf.F>!
M%*)*0%N/#!&%';)'%#!*;!
!!
!!
!!
!
!!
!!
!
!
!!
!!
N4(!)MN*&G4/!
=?! >FA?!
E!
BAC! @C! >>AE! C?!
DAB! >D! >@AB!
-#4$!)K%%2-9GG4&4/!%%/)K2414/!
C>!
BAD!
=!
CA<! ?C!
@A?! <<!
CA?! >B!
>?AD!
1%/!K24M94)!2#/G1#-4/!
<F=! <EA<! C>! <CAC! >@@! ?FA=! >@?! ?<A>! <B! <<AE!
1%/!44/!(44$;4!04&G!#842N#*G4/!
?FB! C?A>! D?! CEAC! <<<! C>A>! <>E! C?A<! C>! ?=A@!
1%/!844&!04&G!#842N#*G4/!
D<! >>A@! <D! >@A=! BC! >FAF! @F! >>AD! >F!
EA<!
$#$%%&!
=FD! >FFAF! >@D! >FFA>! BCF! >FFAF! BF=! EEAE! >FE! >FFAF!
!!
!!
!!
MN9<h>CAE@DkGXhCkKf.F>!
MN9<h<DAF>>kGXhDkKf.F>!
M%*)*0%N/#!&%';)'%#!*;!'.J!&%';)'%#!
%*!1#(@.<&'/)*5!
!!
!!
!!
!
!!
!!
!
!
!!
!!
844&!)&4MN$42!
<@!
?AD!
@!
?AD! <F!
?AD! >>!
<A?!
E!
DA?!
)&4MN$42!
?C!
BAF!
C!
<AB! ?F!
BA=! <B!
BA>!
C!
?A=!
04&9;1!
<B<! ?@A=! C=! <EAC! <FB! ?EAF! >@C! ??A=! C=! C?A>!
(4$42!
<?@! ?CAC! @>! ?DA>! >=B! ??A?! >=F! ?BAF! ?B! ?<A>!
844&!(4$42!
>?D! <FA>! C<! <@A?! E@! >DA?! >>@! <?AE! >C! ><AD!
$#$%%&!
@D@! >FFAF! >@F! >FFA>! B<@! >FFA>! CD@! >FFAF! >FE! >FFAF!
!!
!!
!!
MN9<h>FA?@>kGXhCkKf.FB!
MN9<h<=ACBDkGXhDkKf.F>!
1;%&!%*!;E!1#(@.<&'/)*5F!
!!
!!
!!
!
!!
!!
!
!
!!
!!
;%!
?DE! BCA=! DE! B?A@! ?FF! BBAF! <E>! B=A>! @=! @FAE!
/44!
?<<! CBA?! ==! C@AC! <CB! CBAF! <>E! C<AE! C?! ?EA>!
$#$%%&!
=>>! >FFAF! >@@! >FFAF! BCB! >FFAF! B>F! >FFAF! >>F! >FFAF!
!!
!!
!!
MN9<hFA>FBkGXh>k/)!
MN9<h>DACE?kGXh<kKf.F>!
!"#$%&'()'&*++,-&./01#&
!

GVM!

#8!H[P!
Y!
,!

04)&%MN$
H%/!
R2#*:
Y!
,!
Y!
,!

!
!
!!
!
!!
!!
>?! >CA?! EF! <<AC! BF! >=A?!
>F! >>AF! B@! >?AE! BE! <FAC!
<E! ?>AE! >B>! ?=A@! ><B! C?A?!
?>! ?CA>! D>! <FA>! C=! >@A?!
D!
DAD! <C!
@AF!
D!
<AD!
E>! >FFA>! CF<! >FFAF! <DE! >FFA>!
MN9<h><ADB<kGXhCkKf.FB!
!
!
!!
!
!!
!!
><! >?AF! CF! >FAF! <E! >FAF!
C!
CA?! <C!
@AF! >=!
BAE!
>E! <FA=! >>@! <EAF! D@! <EA=!
CB! CDAE! >=@! CCAF! ><<! C<A>!
><! >?AF! CC! >>AF! ?@! ><AC!
E<! EEAE! CFF! >FFAF! <EF! >FFA>!
MN9<hFAC@BkGXhCk/)!
!

!
@!
@A@!
B!
BAB!
C>! CBA>!
?>! ?CA>!
D!
DAD!
E>! >FFA>!

!!
!
!!
!!
>C!
?A@! ><!
CA?!
<?!
BAE! >F!
?A@!
>B<! ?DA=! E?! ??A=!
><D! ?<A@! >FF! ?@A<!
=@! >EA?! @>! <<A>!
?E?! >FFA>! <=@! EEAE!
MN9<hCA<?<kGXhCk/)!
!
!
!!
!
!!
!!
?>! ?CA>! <<C! B@A@! >BD! B<AD!
@F! @BAE! >=<! C?AC! >C>! C=A<!
E>! >FFAF! ?E@! >FFAF! <EE! >FFAF!
MN9<hFAEBCkGXh>k/)!

M4>9*),-

!
-),#/!,Y7Y9!a#(U#@#(%*$!#*!,#/)&'%*$!*))(!<%$()'%#'#(<%4*?!1#(@.<&'$(.#>!#*!$#&/)01'!
!!
$#$%%&!
-902%/$!
04(##2$4&%/G!
!
!!
!!
H9GG4&&%/0
Z#2$
3#&4/
5*&67#4
!!
Y!
,!
Y!
,!
Y!
,!
Y!
,!
Y!
,!
a#(U#@#(5!'#$#*!U%#@'#@.&'#*F!
!!
!!
!!
!
!!
!!
!
!
!!
!!
;%A!`4&X!042404&G!9/!Y4G42&%/G!
>EB! <=A>! =@! CBA<! >>E! <>A@! ><=! <CAB! ?@! ?<A>!
;%A!`4&X!042404&G!9/!N421#-)$&%/G!
E?! ><AE! >=! >FA>! =@! >?AD! B@! >FAD! >D! >@A>!
;%A!89%!:42104842!9/!Y4G42&%/G!
<@>! ?@A?! CB! <@AD! <>@! ?EA>! <>E! C<A?! <F! >=AE!
;%A!89%!:42104842!9/!N421#-)$&%/G!
<<!
?A>!
?!
>AD! >E!
?AC! >C!
<A=!
=!
@A?!
/44!
D?! >>AB! >@!
EAB! @=! ><A>! C=!
EA>! <@! <?A<!
:44$!/94$!
BB!
=A@! >F!
@AF! CB!
DA<! CE!
EAB!
>!
FAE!
`40!91!/94$!
>>!
>AB!
>!
FA@! >F!
>AD!
@!
>A<!
C!
?A@!
$#$%%&!
=<F! >FFAF! >@D! >FFAF! BB<! >FFAF! B>D! >FFA>! >><! >FFA>!
!!
!!
!!
MN9<h?=A?E?kGXh@kKf.F>!
MN9<h@BA<C>kGXh><kKf.F>!
]#'))/'!;!,#/)&'%*$F!
!!
!!
!!
!
!!
!!
!
!
!!
!!
;%A!`4&X!9/!Y4G42&%/G!
?=C! B>AE! >>C! @=AB! <@F! C=A>! <ED! B@AD! C@!
C>AC!
;%A!`4&X!9/!N421#-)$&%/G!
D@! >>AE! >>!
@AB! =B! >?A@! @D! >?AF! >>!
EAE!
;%A!89%!:42104842!9/!Y4G42&%/G!
>BF! <FAD! <D! >@A@! ><<! <<A>! E=! >DAB! >@! >CAC!
;%A!89%!:42104842!9/!N421#-)$&%/G!
><!
>A=!
>!
FA@! >>!
<AF!
=!
>A?!
B!
CAB!
/44!
C<!
BAD!
D!
CA=! ?C!
@A<! <B!
CAD! ><!
>FAD!
:44$!/94$!
?>!
CA?!
?!
>AD! <D!
BA>! >@!
?AF! >F!
EAF!
`40!91!/94$!
<@!
?A@!
C!
<AC! <<!
CAF! >C!
<A=! >>!
EAE!
$#$%%&!
=<>! >FFAF! >@E! >FFA>! BB<! >FFA>! B<B! >FFA>! >>>!
EEAE!
<
<
!!
!!
!!
MN9 h<?AD@<kGXh@kKf.F>!
MN9 h=>A@CEkGXh><kKf.F>!
]#'))/'!;!>#*&%.#*>(#<%#F!
!!
!!
!!
!
!!
!!
!
!
!!
!!
;%A!`4&X!9/!Y4G42&%/G!
>B@! <>AD! @F! ?BA=! E@! >=A@! ><B! <CA<! <>! >DAE!
;%A!`4&X!9/!N421#-)$&%/G!
>F@! >CAD! >=! >FA>! DE! >@A?! @D! >?A<! <?! <FA=!
;%A!89%!:42104842!9/!Y4G42&%/G!
>F=! >BAF! <<! >?A>! DB! >BAB! @D! >?A<! >>!
EAE!
;%A!89%!:42104842!9/!N421#-)$&%/G!
><!
>A=!
<!
>A<! >F!
>AD!
B!
>AF!
=!
@A?!
/44!
>=?! <CA<! ?D! <<A@! >?B! <CA=! >>=! <<A@! ?C! ?FA@!
:44$!/94$!
>?>! >DA?! <?! >?A=! >FD! >EA=! >><! <>A=!
E!
DA>!
`40!91!/94$!
?F!
CA<!
@!
?A@! <C!
CAC! <<!
CA?!
@!
BAC!
$#$%%&!
=>B! >FFAF! >@D! >FFAF! BC=! >FFAF! B>=! >FFA<! >>>!
EEAE!
!!
!!
!!
MN9<h<@ABC>kGXh@kKf.F>!
MN9<h@<A@B@kGXh><kKf.F>!
!"#$%&'()'&*++,-&./01#&

!

GVF!

#8!H[P!
Y!
,!
!
!
?<! ?BA@!
>E! <>A>!
<<! <CAC!
>!
>A>!
>F! >>A>!
B!
BA@!
>!
>A>!
EF! >FFAF!
!
!
?F! ?BA?!
=!
DA<!
?=! C?AB!
F!
FAF!
B!
BAE!
B!
BAE!
>!
>A<!
DB! >FFAF!
!
!
>F! >>AB!
>B! >=A<!
<D! ?<A<!
F!
FAF!
<<! <BA?!
>F! >>AB!
<!
<A?!
D=! >FFAF!

04)&%MN$!
H%/!
R2#*:
Y!
,!
Y!
,!
!!
!
!!
!!
>FF! <CAE! EF! ?FA>!
BB! >?A=! ?@! ><AF!
>B>! ?=A@! >FF! ??AC!
>>!
<A=! >>!
?A=!
CD! >>AE! ?C! >>AC!
?>!
=A=! <?!
=A=!
@!
>AB!
B!
>A=!
CF<! >FFAF! <EE! >FFAF!
MN9<h?AC@?kGXh@k/)!
!!
!
!!
!!
<>C! B<A@! >B>! B>A<!
C<! >FA?! C?! >CA@!
EC! <?A>! CD! >@A?!
=!
>A=!
B!
>A=!
<?!
BA=! >E!
@AC!
>?!
?A<! >=!
BAD!
>C!
?AC! ><!
CA>!
CF=! >FFAF! <EB! >FFA>!
<
MN9 hEAB@?kGXh@k/)!
!!
!
!!
!!
DE! <<A>! @F! <FA?!
@>! >BA<! CB! >BA?!
@<! >BAC! CF! >?A@!
@!
>AB!
B!
>A=!
E>! <<A@! D>! <=AB!
=@! >DAE! B>! >=A?!
>=!
CA<! >?!
CAC!
CF<! EEAE! <EB! >FFA>!
MN9<h<AB@@kGXh@k/)!

L%T6*)$-#%T-8225&',.R-X-

-),#/!,O7P9!:;%&J#&'%*$!*))(!<%$()'%#'#(<%4*?!1#(@.<&'$(.#>!#*!$#&/)01'!
!!
"#$%%&!
-902%/$!
!
!!
!!
H9GG4&&%/0!
Z#2$!
!!
Y!
,!
Y!
,!
Y!
,!
Q..*&%';)'%#!
!!
!!
!!
!
!!
!!
[K!44/!1%-42!
<DD! C>AE!
C<!
<@A@! <C@!
C@AC!
]/!`4&X)$%/G904!:##/2*9-$4!
<BE! ?=A@!
EB!
@FA>! >@C!
?FAE!
]/!44/!24M24%$94!#X!8%1%/$94:#/9/0!
?B!
BA>!
@!
?AD!
<E!
BAB!
]/!44/!M%2%8%/A!:##/:%04/!
<<!
?A<!
<!
>A?!
<F!
?AD!
]/!44/!N#$4&6!N#)$4&6!K4/)9#/!
=?! >FA@!
><!
=A@!
@>!
>>AB!
%/G42)!
>>!
>A@!
>!
FA@!
>F!
>AE!
$#$%%&!
@DD! >FFAF! >BD! >FFAF! B?F! >FFAF!
!!
!!
!!
MN9<hCCAEE<kGXhBkKf.F>!
R#'!1.#J##/!>#(&.*#*!.>!
!!
!!
!!
!
!!
!!
&/))>@)<#(F!
F!#X!-4$!K%2$/42!
>?=! <<A?!
C>!
?>A?!
E@!
>EAD!
>!%/G42!K42)##/!
<D<! CBAE!
@?!
CDA>! <>E!
CBA<!
<!%/G424/!
>CF! <<AD!
>=!
>?AF! ><?!
<BAC!
?!%/G424/!4/!-442!
B@!
EA>!
>F!
=A@!
C@!
EAB!
$#$%%&!
@>B! >FFA>! >?>! >FFAF! CDC!
EEAE!
aN9<h
!!
!!
!!
>?A@@?kGXh?k!Kf.F>!
G..>!.3!1;;(E.*%*$!
!!
!!
!!
!
!!
!!
W41#MN$!
CD!
DA>!
>D!
><AD!
?F!
@A=!
W4N**2G!
BC<! E>AE! ><?!
D=A<! C>E!
E?A?!
$#$%%&!
BEF! >FFAF! >C>! >FFAF! CCE! >FFAF!
!!
!!
!!
aN9<hBA?>BkGXh>kKf.FB!
:.#!@.<'!;!))*!;E!E.*%*$F!
!!
!!
!!
!
!!
!!
59;!K%2$/42!9/04$2#114/!
C>!
BAE!
>F!
@A?!
?>!
BAD!
R9%!X%-9&94!
?E!
BA@!
=!
CAC!
?<!
@AF!
R9%!8294/G4/6!14//9))4/!
><@! >DA<!
<D!
>=A@!
ED!
>DAC!
R9%!:42104842!
<F>! <EA>!
?D!
<?AE! >@?!
?FA@!
R9%!*9$`4/G(*24%*!
>C=! <>A?!
<<!
>?AD! ><B!
<?AB!
R9%!04-44/$4!
B!
FA=!
?!
>AE!
<!
FAC!
R9%!-%14&%%2!
B<!
=AB!
>E!
>>AE!
??!
@A<!
R9%!(4-9GG4&%%2!
>C!
<AF!
@!
?AD!
D!
>AB!
R9%!G4!12%/$6!9/$42/4$!048#/G4/!
?F!
CA?!
><!
=AB!
>D!
?AC!
!_4&X!2#/G0482%%0G!
>?!
>AE!
D!
BAF!
B!
FAE!
!Y#0!044/!N*9)84)$9/0!048#/G4/!
D!
>A<!
F!
FAF!
D!
>AB!
!\/G42)A!/%-4&9;1!
>B!
<A<!
@!
?AD!
E!
>A=!
$#$%%&!
@E>! EEAE! >BE!
EEAE! B?<!
EEAE!
!!
!!
!!
MN9<hCFADE@kGXh>>k!Kf.F>!
Q..*5;;(!
!!
!!
!!
!
!!
!!
F!$6-!@!-%%/G4/!
<??! CEAE!
?>!
<@AB! <F<!
B=A=!
=V><!-%%/G4/!
><<! <@A>!
<E!
<CAD!
E?!
<@A@!
>!$#$!<!;%%2!
@D! >CA@!
?C!
<EA>!
?C!
EA=!
<!$#$!C!;%%2!
?C!
=A?!
<<!
>DAD!
><!
?AC!
C!;%%2!4/!&%/042!
>F!
<A>!
>!
FAE!
E!
<A@!
$#$%%&!
C@=! >FFAF! >>=! >FFA>! ?BF! >FFAF!
<
!!
!!
!!
MN9 h@EACB>kGXhCk!Kf.F>!
!"#$%&'()'&*++,-&./01#&
!

GUG!

04(##2$4&%/G!
3#&4/!
5*&67#4!
Y!
,!
Y!
,!
!
!
!!
!!
<>>! C<AD! CC! CFA=!
>@?! ??A>! B@! B>AE!
?>!
@A?!
<!
>AE!
><!
<AC!
>!
FAE!
@E! >CAF!
?!
<AD!
=!
>AC!
<!
>AE!
CE?! >FFAF! >FD! >FFA>!
MN9<hB>ACFEkGXh>Fk!Kf.F>!
!

!
!!
!!
=E! >=AB! ?=! C?AB!
<>@! C=AD! <C! <DA<!
>>>! <CA@! >D! <>A<!
C@! >FA<!
@!
=A>!
CB<! >FFA>! DB! >FFAF!
MN9<h?BACE<kGXh@k!Kf.F>!
!
!
!!
!!
<D!
@AD! ><! >>A=!
?D@! E?A<! E>! DDA?!
C>C! >FFAF! >F?! >FFAF!
MN9<h?AB<CkGXh<k/)!
!
!
!!
!!
<B!
BA>!
D!
=A>!
<<!
CAB! >?! >>A@!
=?! >CAD! ??! <EAB!
>@B! ??AB! <B! <<A?!
>?<! <@AD!
>!
FAE!
?!
FA@!
>!
FAE!
<=!
BAB! >?! >>A@!
C!
FAD!
B!
CAB!
>@!
?A<!
@!
BAC!
>F!
<AF!
<!
>AD!
@!
>A<!
<!
>AD!
>F!
<AF!
?!
<A=!
CE?! >FFAF! >><! >FFA>!
MN9<hE=ABkGXh<<k!Kf.F>!
!
!
!!
!!
>@@! B>A<! <E! ?=A<!
DF! <CA=! <@! ??A?!
CD! >CAD! >@! <FAB!
<B!
=A=!
C!
BA>!
B!
>AB!
?!
?AD!
?<C! EEAE! =D! EEAE!
<
MN9 h><AEE<kGXhDkKhA>><%!

#8!H[P!
Y!
,!
!
!
??! ?=AE!
CF! C@AF!
<!
<A?!
E! >FA?!
>!
>A>!
<!
<A?!
D=! EEAE!

W4)&%MN$!
H%/!
R2#*:!
Y!
,!
Y!
,!
!!
!
!!
!!
>@?!
C>A=! >>B!
CFAE!
>CF!
?BAD! >>B!
CFAE!
>E!
CAE!
>B!
BA?!
>C!
?A@!
D!
<AD!
CB!
>>AB!
<=!
EA@!
>F!
<A@!
>!
FAC!
?E>! >FFA>! <D>!
EEAE!
MN9<h@ADDDkGXhBk/)!

!
!
!!
!
!!
!!
<>! <@AE!
DE!
<BA@!
CD!
>DAE!
C<! B?AD! >C<!
CFAE! >?C!
B<AD!
>>! >CA>!
D>!
<?A?!
B<!
<FAB!
C!
BA>!
?B!
>FA>!
<F!
=AE!
=D! EEAE! ?C=!
EEAE! <BC! >FFA>!
MN9<hDA=?CkGXh?kKf.FB!
!
!
!!
!
!!
!!
D! >>AF!
<E!
DA=!
>E!
=AD!
@B! DEAF! ?FC!
E>A?! <<C!
E<A<!
=?! >FFAF! ???! >FFAF! <C?! >FFAF!
aN9<hFA>C@kGXh>k/)!
!
!
!!
!
!!
!!
D!
EA?!
>>!
<AD!
<E!
>FA<!
C!
CA=!
<>!
BAC!
>=!
@AF!
<F! <?A?!
=B!
>EA?!
CE!
>=A<!
>>! ><AD! >>?!
<EAF!
D<!
<DAD!
>C! >@A?!
D@!
<<A>!
BD!
<FAC!
>!
>A<!
?!
FAD!
<!
FA=!
><! >CAF!
?F!
=A=!
<>!
=AC!
B!
BAD!
E!
<A?!
C!
>AC!
D!
EA?!
>D!
CA@!
><!
CA<!
>!
>A<!
E!
<A?!
C!
>AC!
F!
FAF!
B!
>A?!
<!
FA=!
<!
<A?!
E!
<A?!
B!
>AD!
D@! >FFA<! ?DE!
EEAE! <DB! >FFA<!
MN9<h>=AEDEkGXh>>k/)!
!
!
!!
!
!!
!!
?D! BDAB! >?E!
B<A=!
DE!
C@A>!
>@! <CA@!
@F!
<<A=!
BD!
?FA>!
C!
@A<!
?=!
>CAF!
?>!
>@A>!
B!
=A=!
>E!
=A<!
>C!
=A?!
<!
?A>!
E!
?AC!
>!
FAB!
@B! >FFA>! <@C! >FFAF! >E?! >FFA>!
<
MN9 h=ADCBkGXhCk/)!

M4>9*),-

!
-),#/!,O789!-#J(#5#*1#%5!<#'!E.*%*$!*))(!<%$()'%#'#(<%4*?!1#(@.<&'$(.#>!#*!$#&/)01'!!
!!
"#$%%&!
-902%/$!
04(##2$4&%/G!
!
!!
!!
H9GG4&&%/0!
Z#2$!
3#&4/!
5*&67#4!
!!
Y!
,!
Y!
,!
Y!
,!
Y!
,!
Y!
,!
-#J(#5#*1#%5!<#'!E.*%*$F!
!!
!!
!!
!
!!
!!
!
!
!!
!!
_442!#/$4824G4/!
BC!
=AE!
>>!
@AE!
C?!
DA<! <=!
BAB! >?! ><AF!
#/$4824G4/!
>F=! >BA@!
>B!
EAC!
E<!
>=AB! =E! >@A>!
E!
DA?!
/94$!$4824G4/6/94$!#/$4824G4/!
>D<! <@A@!
?@!
<<A@! >C@!
<=AD! >C?! <EA>! <<! <FAC!
$4824G4/!
<=@! CFA?!
=?!
CBAE! <F?!
?DA@! >E>! ?DAD! B@! B>AE!
`442!$4824G4/!
@@!
EA@!
<C!
>BA>!
C<!
DAF! B<! >FA@!
D!
=AC!
$#$%%&!
@DB! >FFAF! >BE!
EEAE! B<@! >FFA>! CE<! >FFA>! >FD! >FFAF!
!!
!!
!!
MN9<h>CABCDkGXhCkKf.F>!
MN9<h?FAC<DkGXhDkKf.F>!
!"#$%&'()'&*++,-&./01#&

#8!H[P!
Y!
,!
!
!
>C! >@AB!
>E! <<AC!
>=! <FAF!
<E! ?CA>!
@!
=A>!
DB! >FFA>!

W4)&%MN$!
H%/!
R2#*:!
Y!
,!
Y!
,!
!!
!
!!
!!
<D!
=A<!
<C!
DAB!
@>!
>BAD!
C?!
>BA<!
>>@!
?FAF!
@>!
<>A@!
>C@!
?=A=! ><C!
CCAF!
?@!
EA?!
?F!
>FA@!
?D=! >FFAF! <D<!
EEAE!
MN9<h@AB??kGXhCk/)!

!
!
-),#/!,O769!-#J(#5#*1#%5!<#'!E.*%*$!*))(!@#*<#(@#*!1;%&J#&'%*$!A%*!BC!
!!
`442!#/$4824G4/
#/$4824G4/
[K!44/!1%-42!
=AB
>EA<
]/!`4&X)$%/G904!:##/2*9-$4!
EA>!
=AE!
]/!44/!24M24%$94!#X!8%1%/$94:#/9/0!
?AF!
?@AC!
]/!44/!M%2%8%/A!:##/:%04/!
<?AD!
??A?!
]/!44/!N#$4&6!N#)$4&6!K4/)9#/!
CA?!
>?AF!
%/G42)!
><AB!
?=AB!
8%&9G4!Y!
!!
MN9<hEDADkGXhCkK!f.F>!
!!
!!
!
!
!!
`442!#/$4824G4/
#/$4824G4/
F!#X!-4$!K%2$/42!
BA?
>?AF
>!%/G42!K42)##/!
@AE!
>?AE!
<!%/G424/!
DA>!
<FA=!
?!%/G424/!4/!-442!
>?A<!
<DA?!
8%&9G4!Y!
!!
<
MN9 h?=A@kGXh><kK!f.F>!
!!
!!
!
!
!!
`442!#/$4824G4/
#/$4824G4/
W41#MN$!
>CAE
<A>
W4N**2G!
=A=!
>BAF!
8%&9G4!Y!
!!
MN9<h<BA@kGXhCkK!f.F>!
!!
!!
!"#$%&'()'&*++,-&./01#&

/4*$2%%&
?<A=
>BAC!
??A?!
<DA@!
?EA>!
><AB!
!!

$4824G4/
?@A?
BFA@!
<>A<!
>CA?!
?CAD!
<BAF!

!!
/4*$2%%&
DAB
<DA@!
!!

DA=!
><AB!

$4824G4/
CDA>
C<A=!
?>AE!
?FA<!

!!
!
`442!$4824G4/!
><A<!
><AF!
<A<!
?AD!

!
!!

!!
$4824G4/
B>A>
CFAC!

$#$%%&!'Y+
>?>
<=C!
>?B!
B?!
BE?
!!
!

`442!$4824G4/!
<?AC!
DAC!
!
!!

!!

$#$%%&!'Y+
<D>
<B?!
??!
<>!
@E!
D!
@@B

!

!
!!

!!
/4*$2%%&
<>AC
<CAB!
?=AF!
<CAB!

`442!$4824G4/!
CA?!
>=AF!
@A>!

$#$%%&!'Y+
C=
B?B!
BD<
!!

!
!
-),#/!,O7\9!-#J(#5#*1#%5!<#'!E.*%*$!*))(!J%*5@)*))/!E.*%*$!A%*!BC!
!!
`442!#/$4824G4/
#/$4824G4/
59;!K%2$/42!9/04$2#114/!
>=AB
>BAF
^%-9&94!
>>A>!
>?AE!
R294/G4/6!14//9))4/!
@AB!
>?AD!
U42104842!
BA<!
>@AF!
T9$`4/G(*24%*!
DA@!
<>AC!
H%14&%%26(4-9GG4&%%2!
@A?!
>FAE!
_4&X!'12%/$69/$42/4$62#/G0482%%0G+!
EA?!
>>A@!
8%&9G4!Y!
!!
MN9<hBBA?><kGXh<DkK!f.F>!
!!
!!
!"#$%&'()'&*++,-&./01#&
!

GUD!

/4*$2%%&
>=AB
<<A<!
<FA?!
?<AF!
??A@!
<FA?!
<=AE!
!!

$4824G4/
C<AB
C=A<!
B<AF!
?DA=!
?FA=!
C<A<!
?<A@!
!!

`442!$4824G4/!
=AB!
BA@!
=A?!
DA<!
BA=!
<FA?!
>DA@!
!!
!!

$#$%%&!'Y+
CF
?@!
><?!
>EC!
>CF!
@C!
C?!
@CF
!!

M4>9*),-

!
-),#/!,O7Y9!Q.*%*$,#1.#3'#!*))(!<%$()'%#'#(<%4*?!1#(@.<&'$(.#>!#*!$#&/)01'!
!!
"#$%%&!
-902%/$!
04(##2$4&%/G!
!
!!
!!
H9GG4&&%/0!
Z#2$!
3#&4/!
5*&67#4!
!!
Y!
,!
Y!
,!
Y!
,!
Y!
,! Y!
,!
I#*!$.#5@.>#(#!E.*%*$F!
!!
!!
!!
!
!!
!!
!
!
!!
!!
#/(4&%/029;1!
>F?! >EAF! <=! <?A=! =@! >=A=! =B!
<FAF! >E!
<FAF!
/4*$2%%&!
>==! ?<A@! C<! ?@AD! >?B! ?>AB! >?D!
?@AD! >@!
>@AD!
(4&%/029;1!
<@?! CDAC! CB! ?EAB! <>D! BFAD! >@<!
C?A<! @F!
@?A<!
$#$%%&!
BC?! >FFAF! >>C! >FFAF! C<E! >FFAF! ?=B! >FFAF! EB! >FFAF!
!!
!!
!!
MN9<hCADD<kGXh<kKf.FB!
MN9<h>DAB<=kGXhCk!Kf.FB!
I#*!$(.'#(#!E.*%*$!
!!
!!
!!
!
!!
!!
!
!
!!
!!
#/(4&%/029;1!
><D! <=A?! <E! <=A@! EE! <=A<! DD!
<=AE! <>!
<CAC!
/4*$2%%&!
>=B! ?=A?! ?D! ?@A<! >?=! ?=A@! >>E!
?=AD! ?F!
?CAE!
(4&%/029;1!
>@@! ?BAC! ?D! ?@A<! ><D! ?BA<! >FD!
?CA?! ?B!
CFA=!
$#$%%&!
C@E! >FFAF! >FB! >FFAF! ?@C! >FFAF! ?>B! >FFAF! D@! >FFAF!
!!
!!
!!
MN9<hFAF=BkGXh<k!/)!
MN9<h>A?<EkGXhCk!/)!
]#(#%5!1%#(J..(!<##(!'#!,#')/#*F!
!!
!!
!!
!
!!
!!
!
!
!!
!!
;%!
><D! CBA<! ?F! CCAD! ED! CBAC! EF!
CBAE! <C!
CBA?!
/44!
>BB! BCAD! ?=! BBA<! >>D! BCA@! >F@!
BCA>! <E!
BCA=!
$#$%%&!
<D?! >FFAF! @=! >FFAF! <>@! >FFAF! >E@! >FFAF! B?! >FFAF!
<
<
!!
!!
!!
MN9 hFAFF=kGXh>k!/)!
MN9 hFA<@?kGXh<k!/)!
]#'#(!.*5#(1.;5#*!E.*%*$!
!!
!!
!!
!
!!
!!
!
!
!!
!!
#/(4&%/029;1!
>FC! <?AC! <=! <=A?! ==! <<A?! =>!
<?A<! >D!
<CAF!
/4*$2%%&!
>BC! ?CA@! ?B! ?BAC! >>E! ?CAC! >>D!
?DA@! >D!
<CAF!
(4&%/029;1!
>D=! C<AF! ?=! ?=AC! >BF! C?AC! >>=!
?DA<! ?E!
B<AF!
$#$%%&!
CCB! >FFAF! EE! >FFA>! ?C@! >FFA>! ?F@! >FFAF! =B! >FFAF!
!!
!!
!!
MN9<h>ABFBkGXh<k!/)!
MN9<hDAF@?kGXhCk!/)!
]#(#%5!1%#(J..(!<##(!'#!,#')/#*F!
!!
!!
!!
!
!!
!!
!
!
!!
!!
;%!
><D! C=AD! ?F! BFAD! ED! C@AE! DE!
BFAF! >D!
?@A=!
/44!
>CF! B<A<! <E! CEA<! >>>! B?A>! DE!
BFAF! ?>!
@?A?!
$#$%%&!
<@D! >FFAF! BE! >FFAF! <FE! >FFAF! >=D! >FFAF! CE! >FFAF!
!!
!!
!!
MN9<hFA<DEkGXh>k!/)!
MN9<h<AEC<kGXh<k!/)!
R##(!,;%'#*(;%<'#!
!!
!!
!!
!
!!
!!
!
!
!!
!!
#/(4&%/029;1!
>>F! <?AC! <<! >EAD! DD! <CAC! =B!
<<AE! >@!
<FAF!
/4*$2%%&!
>C@! ?>AF! <E! <@A>! >>=! ?<AB! >F=!
?<A=! <<!
<=AB!
(4&%/029;1!
<>B! CBA@! @F! BCA>! >BB! C?A>! >CB!
CCA?! C<!
B<AB!
$#$%%&!
C=>! >FFAF! >>>! >FFAF! ?@F! >FFAF! ?<=!
EEAE! DF! >FFAF!
<
<
!!
!!
!!
MN9 hCA>?=kGXh<k/)!
MN9 h?ABCkGXhCk!/)!
]#(#%5!1%#(J..(!<##(!'#!,#')/#*F!
!!
!!
!!
!
!!
!!
!
!
!!
!!
;%!
>?D! CEAD! C>! @FA?! E=! C@AC! E=!
B<A<! <B!
CDA>!
/44!
>?E! BFA<! <=! ?EA=! >><! B?A@! DE!
C=AD! <=!
B>AE!
$#$%%&!
<==! >FFAF! @D! >FFAF! <FE! >FFAF! >D@! >FFAF! B<! >FFAF!
!!
!!
!!
MN9<h?AEBBkGXh>k!/)!b!
MN9<h>A@=CkGXh<k!/)!
R##(!>(%J)0=!
!!
!!
!!
!
!!
!!
!
!
!!
!!
#/(4&%/029;1!
DD! >=A=! <@! <@A?! @<! >BA@! @C!
>DA@! ><!
>BA<!
/4*$2%%&!
>C>! <DAC! ??! ??A?! >FD! <=A>! ED!
<DAC! ?F!
?DAF!
(4&%/029;1!
<@D! B?AE! CF! CFAC! <<D! B=A?! >D?!
B?AF! ?=!
C@AD!
$#$%%&!
CE=! >FFAF! EE! >FFAF! ?ED! >FFAF! ?CB! >FFAF! =E! >FFAF!
!!
!!
!!
MN9<h>FA?=BkGXh<kKf.F>!
MN9<hDA@F=kGXhCk!/)!!
]#(#%5!1%#(J..(!<##(!'#!,#')/#*F!
!!
!!
!!
!
!!
!!
!
!
!!
!!
;%!
>C@! BBAB! ?F! BCAB! >>@! BBAD! >FB!
B=A=! >B!
?CA>!
/44!
>>=! CCAB! <B! CBAB! E<! CCA<! ==!
C<A?! <E!
@BAE!
$#$%%&!
<@?! >FFAF! BB! >FFAF! <FD! >FFAF! >D<! >FFAF! CC! >FFAF!
!!
!!
!!
MN9<hFAF<@kGXh>k!/)!
MN9<h>>A=DEkGXh<kKf.F>!
Q))(!<%*5#(!<#*&#*!%*!E.*#*!
!!
!!
!!
!
!!
!!
!
!
!!
!!
#/(4&%/029;1!
>F<! <<A<! <D! <EAB! =C! <FA?! =F!
<>A=! >B!
<FAB!
/4*$2%%&!
>B<! ??A>! ?<! ??A=! ><F! ??AF! >F?!
?>AE! <E!
?EA=!
(4&%/029;1!
<FB! CCA=! ?B! ?@AD! >=F! C@A=! >BF!
C@AC! <E!
?EA=!
$#$%%&!
CBE! >FFAF! EB! >FFAF! ?@C! >FFAF! ?<?! >FFAF! =?!
EEAE!
!!
!!
!!
MN9<hCACD=kGXh<k!/)!
MN9<h<A=>CkGXhCk!/)!
]#(#%5!1%#(J..(!<##(!'#!,#')/#*F!
!!
!!
!!
!
!!
!!
!
!
!!
!!
;%!
>>E! CEAD! <?! C@AE! E@! BFAB! EF!
B?A?! >?!
??A?!
/44!
><F! BFA<! <@! B?A>! EC! CEAB! =E!
C@A=! <@!
@@A=!
$#$%%&!
<?E! >FFAF! CE! >FFAF! >EF! >FFAF! >@E! >FFAF! ?E! >FFAF!
<
<
!!
!!
!!
MN9 hFA<F>kGXh>k!/)!
MN9 hBAF==kGXh<k!/)!
!"#$%&'()'&*++,-&./01#&
!

GUN!

W4)&%MN$!
#8!H[P!
H%/!
R2#*:!
Y!
,!
Y!
,!
Y!
,!
!
!
!!
!
!!
!!
E!
><A?! @C! <FA@! ?@! >@A>!
<?!
?>AB! >F<! ?<AD! =C! ??AF!
C>!
B@A<! >CB! C@A@! >>C! BFAE!
=?! >FFAF! ?>>! >FFAF! <<C! >FFAF!
MN9<h>AEFDkGXh<k!/)!
!
!
!!
!
!!
!!
>E!
<=AE! =E! <EAF! C=! <BAF!
<@!
?DA<! E@! ?BA?! =B! ?EAE!
<?!
??AD! E=! ?BA=! @@! ?BA>!
@D!
EEAE! <=<! >FFAF! >DD! >FFAF!
MN9<h>A?F@kGXh<k!/)!
!
!
!!
!
!!
!!
>C!
C>A<! =C! C?AD! CE! C@A<!
<F!
BDAD! EB! B@A<! B=! B?AD!
?C! >FFAF! >@E! >FFAF! >F@! >FFAF!
MN9<hFA>B=kGXh>k!/)!
!
!
!!
!
!!
!!
>B!
<?AC! @C! <CA?! ?D! <>AB!
>D!
<DA>! DD! ??AB! @B! ?@A=!
?>!
CDAC! >>>! C<A<! =C! C>AD!
@C!
EEAE! <@?! >FFAF! >==! >FFAF!
MN9<hFA=F?kGXh<k!/)!
!
!
!!
!
!!
!!
<>!
B>A<! DF! C=A?! CB! C=AC!
<F!
CDAD! DE! B<A=! BF! B<A@!
C>! >FFAF! >@E! >FFAF! EB! >FFAF!
MN9<hFkGXh>k!/)!
!
!
!!
!
!!
!!
>E!
<EA=! @B! <CAF! C<! <>AD!
>=!
<@A@! D@! ?>A=! BE! ?FA@!
<D!
C?AD! ><F! CCA?! E<! C=A=!
@C! >FFA>! <=>! >FFAF! >E?! >FFA>!
MN9<hFAB=CkGXh<k!/)!
!
!
!!
!
!!
!!
>@!
C>AF! =E! CDAB! BB! BFAE!
<?!
BEAF! DC! B>AB! B?! CEA>!
?E! >FFAF! >@?! >FFAF! >FD! >FFAF!
MN9<hFA>B=kGXh>k!/)!
!
!
!!
!
!!
!!
><!
>@AC! CB! >BA=! ?D! >DAD!
>?!
>=AD! E?! ?<AB! CD! <?AD!
CD!
@BAD! >CD! B>A=! >>@! B=AC!
=?! >FFAF! <D@! EEAE! <F<! >FFAF!
MN9<hCABFBkGXh<k!/)!
!
!
!!
!
!!
!!
<@!
=FA?! EF! BDA>! B<! BFAB!
>>!
<EA=! @B! C>AE! B>! CEAB!
?=! >FFAF! >BB! >FFAF! >F?! >FFAF!
MN9<h>AC?@kGXh>k!/)!
!
!
!!
!
!!
!!
>=!
<=AF! @F! <>AE! ?D! <>A?!
<F!
?>A=! EB! ?CA=! B=! ?<AF!
<@!
C>A?! >>E! C?AC! D?! C@A@!
@?! >FFAF! <=C! >FFAF! >=D! EEAE!
MN9<hFACD=kGXh<k!/)!
!
!
!!
!
!!
!!
>@!
B>A@! =>! BFAF! C<! C@A=!
>B!
CDAC! =>! BFAF! CD! B?A?!
?>! >FFAF! >C<! >FFAF! EF! >FFAF!
MN9<hFA<CBkGXh>k!/)!

M4>9*),-

!
-),#/!,O7Y9!Q.*%*$,#1.#3'#!*))(!<%$()'%#'#(<%4*?!1#(@.<&'$(.#>!#*!$#&/)01'!AJ#(J./$C!
!!
"#$%%&!
-902%/$!
04(##2$4&%/G!
!
!!
!!
H9GG4&&%/0!
Z#2$!
3#&4/!
5*&67#4!
!!
Y!
,!
Y!
,!
Y!
,!
Y!
,! Y!
,!
I#*!E.*%*$!)//##*!<#U#/3b$#U%*!
!!
!!
!!
!
!!
!!
!
!
!!
!!
#/(4&%/029;1!
E=! <<A=! <>! <<A?! =@! <<AD! =F!
<?A@! >>!
>@AC!
/4*$2%%&!
>?>! ?FA@! <=! <DA=! >FC! ?>A>! E>!
?FA=! <@!
?DAD!
(4&%/029;1!
<FF! C@A=! C@! CDAE! >BC! C@A>! >?B!
CBA@! ?F!
CCAD!
$#$%%&!
C<D! >FFAF! EC! EEAE! ??C! >FFAF! <E@!
EEAE! @=! >FFAF!
!!
!!
!!
MN9<hFA<=>kGXh<k!/)!
MN9<hBACCDkGXhCk!/)!
]#(#%5!1%#(J..(!<##(!'#!,#')/#*F!
!!
!!
!!
!
!!
!!
!
!
!!
!!
I%!
>?F! BBA>! ?<! B=A>! ED! BCAC! DD!
BCA?! >E!
C=AB!
/44!
>F@! CCAE! <C! C<AE! D<! CBA@! =C!
CBA=! <>!
B<AB!
$#$%%&!
<?@! >FFAF! B@! >FFAF! >DF! >FFAF! >@<! >FFAF! CF! >FFAF!
!!
!!
!!
MN9<hFA><@kGXh>k!/)!
MN9<h?A>?=kGXh<k!/)!
]#'(#!,;;('!
!!
!!
!!
!
!!
!!
!
!
!!
!!
#/(4&%/029;1!
><D! <DA?! <@! <BA=! >F<! <EAF! EC!
?FAF! >E!
<CA=!
/4*$2%%&!
>DF! ?EA=! ?@! ?BA@! >CC! CFAE! >?<!
C<A<! <E!
?=A=!
(4&%/029;1!
>CB! ?<AF! ?E! ?DA@! >F@! ?FA>! D=!
<=AD! <E!
?=A=!
$#$%%&!
CB?! >FFAF! >F>! EEAE! ?B<! >FFAF! ?>?! >FFAF! ==! >FFA>!
<
<
!!
!!
!!
MN9 h<A@>kGXh<k/)!
MN9 hEAB<kGXhCkKf.FB!
]#(#%5!1%#(J..(!<##(!'#!,#')/#*F!
!!
!!
!!
!
!!
!!
!
!
!!
!!
I%!
D=! CFAB! <B! CCA@! @<! ?EAF! BB!
?=AC! >=!
CCA=!
/44!
><D! BEAB! ?>! BBAC! E=! @>AF! E<!
@<A@! <>!
BBA?!
$#$%%&!
<>B! >FFAF! B@! >FFAF! >BE! >FFAF! >C=! >FFAF! ?D! >FFAF!
!!
!!
!!
MN9<hFABCEkGXh>k/)!
MN9<h>AEDDkGXh<k/)!
c%01'#(!,%4!1#'!E#(@!
!!
!!
!!
!
!!
!!
!
!
!!
!!
#/(4&%/029;1!
>>@! <BAC! <=! <DA=! DE! <CA@! DC!
<=A<! >E!
<BAF!
/4*$2%%&!
>@?! ?BA=! ??! ?BA>! >?F! ?BAE! >><!
?@A<! <=!
?BAB!
(4&%/029;1!
>==! ?DAD! ?C! ?@A<! >C?! ?EAB! >>?!
?@A@! ?F!
?EAB!
$#$%%&!
CB@! EEAE! EC! >FFAF! ?@<! >FFAF! ?FE! >FFAF! =@! >FFAF!
!!
!!
!!
MN9<hFA=<EkGXh<k/)!
MN9<h?ADF=kGXhCk/)!
]#(#%5!1%#(J..(!<##(!'#!,#')/#*F!
!!
!!
!!
!
!!
!!
!
!
!!
!!
I%!
E?! C<A?! <@! CEA>! @=! CFA>! BE!
?EAE! >C!
?=AD!
/44!
><=! B=A=! <=! BFAE! >FF! BEAE! DE!
@FA>! <?!
@<A<!
$#$%%&!
<<F! >FFAF! B?! >FFAF! >@=! >FFAF! >CD! >FFAF! ?=! >FFAF!
!!
!!
!!
MN9<h>A?>=kGXh>k!/)!
MN9<h?AD<>kGXh<k!/)!
!"#$%&'()'&*++,-&./01#&

W4)&%MN$!
#8!H[P!
H%/!
R2#*:!
Y!
,!
Y!
,!
Y!
,!
!
!
!!
!
!!
!!
>@!
<CA@! BE! <?AF! ?C! <FA=!
>C!
<>AB! D>! ?>AB! CE! <EAE!
?B!
B?AD! >>=! CBAB! D>! CEAC!
@B!
EEAE! <B=! >FFAF! >@C! >FFAF!
MN9<hFA@?kGXh<k!/)!
!
!
!!
!
!!
!!
<?!
@=A@! =E! B@AD! C@! BFAB!
>>!
?<AC! @F! C?A<! CB! CEAB!
?C! >FFAF! >?E! >FFAF! E>! >FFAF!
MN9<hFAD=@kGXh>k!/)!
!
!
!!
!
!!
!!
>B!
<?AD! =>! <@AD! BC! <EAD!
>E!
?FA<! >>>! C>AE! @D! ?=A@!
<E!
C@AF! D?! ?>A?! BE! ?<A@!
@?! >FFAF! <@B! >FFAF! >D>! >FFAF!
MN9<hFAE>kGXh<k!/)!
!
!
!!
!
!!
!!
>B!
BFAF! B>! ?DA?! ??! C<A?!
>B!
BFAF! D<! @>A=! CB! B=A=!
?F! >FFAF! >??! >FFAF! =D! >FFAF!
MN9<hFA?<<kGXh>k!/)!
!
!
!!
!
!!
!!
>?!
>DA?! @?! <?A@! C=! <@AF!
<C!
??AD! >F<! ?DA<! @>! ??A=!
?C!
C=AE! >F<! ?DA<! =?! CFA?!
=>! >FFAF! <@=! >FFAF! >D>! >FFAF!
MN9<hFAE=?kGXh<k!/)!
!
!
!!
!
!!
!!
<F!
B=A>! @F! C<AE! ?F! CFAF!
>B!
C<AE! DF! B=A>! CB! @FAF!
?B! >FFAF! >CF! >FFAF! =B! >FFAF!
MN9<hFA>@CkGXh>k!/)!

!
-

P4/!0#4G1#K424!: #/9/0

!
CBA<

P4/!02#$424!: #/9/0

!

P4/!: #/9/0!G94!(4$42!9)
#/G42N#*G4/

!

C=AD

!

P4/!: #/9/0!-4$!-442
(*9$4/2*9-$4A!`#%&)!$422%)!#X!

CEAD

!

P4/!: #/9/0!: %%2!91!-442!K298%Me
N4(

BBAB

!
!

P4/!: #/9/0!: %%29/!-9/G42
-4/)4/!: #/4/

CEAD

!

P4/!: #/9/0!%&&44/!8##2!-4`4&X
'4/!-9;/!04`9/+

BBA>

!
!

]/!44/!(4$424!(**2$!: #/4/

CFAB

!

L9MN$42!(9;!: 421!: #/4/

C<A?

!
F

!
!

>F

<F

?F

CF

BF
;%

[%).."-#XD>E-L$"$%&8$%&-2(-($$"-,$-#$,*6$+-922"-P22+#$82$5,$+-a%+-bc-

GUR!

@F

=F

DF

EF

>FF

M4>9*),-

!
^*#$6-#XDXE-]22+)$($$+,$!!
L4/!O%%0!
7#$$42G%-!
U4)$&%/G!
[K-442!
JMN94G%-!
\&1-%%2!
\-)$42G%-!
524G%!
_*/G42$!
[))!
_49)$!
L2#/$4/6Y##2G##)$K#&G42!
#842904!04-44/$4/!
!
(*9$4/&%/G!
044/!%/$:##2G!
$%&!
$#$%%&!
!"#$%&'()'&*++,-&./01#&

Y!
>>=!
E@!
BB!
<@!
<@!
<>!
>D!
>B!
>?!
><!
>F!
>>!
@@!
!
>D!
<C<!
<@F!
=C@!

,!
>BA=!
><AE!
=AC!
?AB!
?AB!
<AD!
<AC!
<!
>A=!
>A@!
>A?!
>AB!
DAD!
!
<AC!
?<AC!
?CAE!
>FF!

8%&9G!,!
<CA>!
>EAD!
>>A?!
BA?!
BA?!
CA?!
?A=!
?A>!
<A=!
<AB!
<A>!
<A?!
>?A@!
!
V!
V!
V!
>FF!

!
-),#/!,O7^9!+#<%55#/5#!1;;(>(%4&!E.*#*!*))(!<%$()*'!#*!E..*@#*<#(@#*!
!!
04-9GG4&G4
)$G!G48.
Q..*>/))'&!
!
!
L4/!O%%0!
C??!
?>=!
7#$$42G%-!
?@<!
<<<!
U4)$&%/G!
<C>!
>F>!
[K-442!
>D=!
@E!
JMN94G%-!
<D=!
<><!
\&1-%%2!
<<C!
>@?!
\-)$42G%-!
C@@!
<E?!
524G%!
C@F!
?<?!
_*/G42$!
<@=!
<@@!
[))!
CCF!
<@@!
_49)$!
<E@!
E!
L2#/$4/6Y##2G##)$K#&G42!
<<@!
C?<!
#84290!
C==!
?CB!
!!
!!
!!
!"#$%&'()'&*++,-&./01#&

Y
!
E>!
=B!
?=!
>E!
>@!
<>!
>=!
>F!
>>!
>F!
B!
>>!
CD!

^!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!

!!

?AEBB!

K
!
!
!
!
!
!
!
!
!
!
!
!
!
!
Kf.F>!

!
-),#/!,O7[9!-=>#!1;%&J#&'%*$!*))(!$#<##*'#!A%*!BC!

#K!44/!1%-42!

`4&X)$%/G904!
:##/2*9-$4!

24M24%$946!
8%1%/$94!

M%2%8%/6!
:##/:%04/!

N#$4&6N#)$4&!
6K4/)9#/!

%/G42)!

$#$%%&!'Y+!

?DA@!

C<A@!

?A@!

<AB!

>>AE!

FAD!

C=<!

!

!

!

!

!

!

!

?>AE!

@<AD!

>AD!

FAF!

>AD!

>AD!

>>?!

7#$$42G%-!

BFAB!

C=A?!

FAF!

>A>!

>A>!

FAF!

E>!

U4)$&%/G!

CFAF!

BAB!

?A@!

>FAE!

CFAF!

FAF!

BB!

[K-442!

?DAB!

FAF!

FAF!

FAF!

@>AB!

FAF!

<@!
<B!

!!
'.'))/!
!
L4/!O%%0!

JMN94G%-!

CDAF!

CDAF!

CAF!

FAF!

FAF!

FAF!

\&1-%%2!

<DA@!

>EAF!

CAD!

FAF!

C=A@!

FAF!

<>!

\-)$42G%-!

<=AD!

=<A<!

FAF!

FAF!

FAF!

FAF!

>D!

524G%!

=A>!

@CA?!

<>AC!

FAF!

FAF!

=A>!

>C!

_*/G42$!

@@A=!

>@A=!

>@A=!

FAF!

FAF!

FAF!

><!

[))!

DA?!

@@A=!

>@A=!

DA?!

FAF!

FAF!

><!

_49)$!

BFAF!

FAF!

<FAF!

?FAF!

FAF!

FAF!

>F!

L2#/$4/6Y##2G##)$K#&G42!

BCAB!

>DA<!

FAF!

FAF!

<=A?!

FAF!

>>!

#84290!
!"#$%&'()'&*++,-&./01#&

?=AB!

B?A>!

?A>!

>A@!

?A>!

>A@!

@C!

!

GUV!

M4>9*),-

!
-),#/!,O7X9!-#J(#5#*1#%5!<#'!E.*%*$!*))(!$#<##*'#!A%*!BC!
!!

`442!
#/$4824G4/!

#/$4824G4/!

^?X!

PY?O!

-.'))/!

/4*$2%%&!

$4824G4/!

`442!
$4824G4/!

8O?O!

\Z?6!

X?O!

W4-9GG4&Gb!
6?6!

$#$%%&!'Y+!
!

!

!

!

!

!

!

!

L4/!O%%0!

CAB!

>BA?!

<>A@!

C@AD!

>>A=!

?AB!

>>>!

7#$$42G%-!

?A<!

DA@!

<>AB!

BDA>!

DA@!

?A@!

E?!

U4)$&%/G!

!

?DAB!

?@AB!

>=A?!

>AE!

<A=!

B<!

[K-442!

DA?!

CA<!

C>A=!

?=AB!

DA?!

?A?!

<C!

JMN94G%-!

!

><AF!

?@AF!

?@AF!

DAF!

?A<!

<B!

\&1-%%2!

FAF!

CAD!

C<AE!

C<AE!

EAB!

?A@!

<>!

!

>@A=!

BA@!

??A?!

<<A<!

?A<!

>D!

524G%!

FAF!

=A>!

>CA?!

C<AE!

?BA=!

CA>!

>C!

_*/G42$!

EA>!

EA>!

>DA<!

@?A@!

!

?AC!

>>!

![))!

DA?!

FAF!

!

BFAF!

!

?A?!

><!

!_49)$!

!

?FAF!

CFAF!

FAF!

!

<A>!

>F!

!L2#/$4/6Y##2G##)$K#&G42!

EA>!

>DA<!

<=A?!

?@AC!

EA>!

?A<!

>>!

!#84290!

>FA@!

>FA@!

>@A=!

CFAE!

<>A<!

?AB!

@@!

8%&9G4!Y!

!

!

!

!

!

!

C@D!

!

\-)$42G%-!

aN9h>>CACkGXhCDkK!f.F>!

!!

!!

!!

!!

!

!!

!!

b>h`442!#/$4824G4/!$-!Bh`442!$4824G4/!
!"#$%&'()'&*++,-&./01#&

!
!
-

L4/!O%%0

-

7#$$42G%- ?A<

-

U4)$&%/G

-

CA<

JMN94G%-

><AF

\&1-%%2 FAFCAD

![))

?=AB

DA?

?@AF

?@AF

DAF

?BA=

C<AE
@?A@

>DA<

EA>

BFAF

FAF

DA?

<<A<

??A?

>CA?

EA>

EAB

C<AE

BA@

>@A=

524G% FAF =A>
_*/G42$

C>A=

C<AE

\-)$42G%-

>AE

>=A?

?@AB

?DAB
DA?

[K-442

DA@

BDA>

<>AB

DA@

>>A=

C@AD

<>A@

>BA?

CAB

-

!_49)$

-

!L2#/$4/6Y##2G##)$K#&G42

EA>

-

!#84290

>FA@

-

F,

>F,

<F,

`442!#/$4824G4/

CF,

#/$4824G4/

BF,

/4*$2%%&

[%).."-#XDGE-^$9"$&$+8$%&-($,-P2+%+)-+**"-P22+)$($$+,$-a%+-bc-

!
-

GUU!

<>A<

CFAE

>@A=
?F,

EA>

?@AC

<=A?

>DA<
>FA@

FAF

CFAF

?FAF

@F,

$4824G4/

=F,

DF,

`442!$4824G4/

EF,

>FF,

L%T6*)$-#%T-8225&',.R-?-

-),#/!,^7P9!-))/,#1##(&%*$!*))(!<%$()'%#'#(<%4*?!1#(@.<&'$(.#>!#*!$#&/)01'!!
"#$%%&!
-902%/$!
04(##2$4&%/G!
!!
!
!!
!!
H9GG4&&%/0!
Z#2$!
3#&4/!
5*&67#4!
!!
Y!
,!
Y!
,!
Y!
,!
Y!
,!
Y!
,!
K#5#(/)*5&!
!!
!!
!!
!
!!
!!
!
!
!!
!!
/94$!
??=! C@AF!
?E!
<<A=! <ED!
B?A>! <BC!
CDA<! B>!
CCA=!
-%$90!
<><! <DAE!
BD!
??A=! >BC!
<=AB! >B?!
<EAF! <B!
<>AE!
24G4&9;1!
>>F! >BAF!
C@!
<@A=!
@C!
>>AC! DF!
>BA<! >B!
>?A<!
0#4G!
@C!
DA=!
<<!
><AD!
C<!
=AB! ?C!
@AB! <>!
>DAC!
`442!0#4G!
>F!
>AC!
=!
CA>!
?!
FAB!
@!
>A>!
<!
>AD!
$#$%%&!
=??! >FFAF! >=<! >FFAF! B@>! >FFAF! B<=! >FFAF! >>C! >FFAF!
<
<
!!
!!
!!
MN9 h@BA<BEkGXhCkKf.F>!
MN9 h<?A=CBkGXhDkKf.F>!
!"#$%&'()'&*++,-&./01#&

04)&%MN$!
#8!H[P!
H%/!
R2#*:!
Y!
,!
Y!
,!
Y!
,!
!
!
!!
!
!!
!!
?<!
?CAD! >D?!
CCAB! >C@!
C=AE!
?C!
?=AF! >>=!
<DAB!
DE!
<EA<!
>B!
>@A?!
@B!
>BAD!
C?!
>CA>!
E!
EAD!
CF!
EA=!
<C!
=AE!
<!
<A<!
@!
>AB!
?!
>AF!
E<! >FFA>! C>>! >FFAF! ?FB! >FFA>!
<
MN9 h>A=EBkGXhCk/)!

!
-),#/!,^789!-))/,#1##(&%*$!*))(!<%$()'%#'#(<%4*?!1#(@.<&'$(.#>!#*!$#&/)01'!!
"#$%%&!
-902%/$!
04(##2$4&%/G!
!!
!
!!
!!
H9GG4&&%/0!
Z#2$!
3#&4/!
5*&67#4!
!!
Y!
,!
Y!
,!
Y!
,!
Y!
,!
Y!
,!
c;%'&!
!!
!!
!!
!
!!
!!
!
!
!!
!!
/94$!
><B! >@AD!
<C!
>?AD! >F>!
>=A=! D=!
>@A<! <C!
<>A>!
-%$90!
><=! >=AF!
<D!
>@A>!
EE!
>=A?! EB!
>=A=!
=!
@A>!
24G4&9;1!
@F!
DAF!
>?!
=AB!
C=!
DA<! CB!
DAC!
C!
?AB!
0#4G!
C?!
BAD!
D!
CA@!
?B!
@A>! ??!
@A>!
<!
>AD!
`442!0#4G!
>@!
<A>!
B!
<AE!
>>!
>AE! >>!
<AF!
?!
<A@!
#/(414/G!
?=B! BFA?!
E@!
BBA<! <=E!
CDAD! <@=!
CEA@! =C!
@CAE!
$#$%%&!
=C@! >FFAF! >=C! >FFA>! B=<! >FFAF! B?D! >FFAF! >>C! >FFAF!
!!
!!
!!
MN9<h?ABDkGXhBk/)!
MN9<h?<AB?EkGXh>FkKf.F>!
I*$#/&!
!!
!!
!!
!
!!
!!
!
!
!!
!!
/94$!
@>!
DA<!
>?!
=AB!
CD!
DAC! ?E!
=A<! >=!
>CAE!
-%$90!
>B<! <FAC!
<E!
>@A=! ><?!
<>AB! >>=!
<>A=! >?!
>>AC!
24G4&9;1!
><@! >@AE!
<=!
>BAB!
EE!
>=A?! >FF!
>DA@!
E!
=AE!
0#4G!
>B@! <FAE!
CF!
<?AF! >>@!
<FA?! >>E!
<<A>! <>!
>DAC!
`442!0#4G!
=<!
EA=!
>@!
EA<!
B@!
EAD! ?@!
@A=! <F!
>=AB!
#/(414/G!
>=E! <CAF!
CE!
<DA<! >?F!
<<A=! ><=!
<?A@! ?C!
<EAD!
$#$%%&!
=C@! >FFA>! >=C! >FFA>! B=<! >FFAF! B?D!
EEAE! >>C!
EEAE!
!!
!!
!!
MN9<hCAFD<kGXhBk/)!
MN9<hC>A<F@kGXh>FkKf.F>!
V>(##@'!;!K#5#(/)*5&!.>!E#(@!
<#'!,))&b<)*)$#(!
!!
!!
!!
!
!!
!!
!
!
!!
!!
/##9$!
<??! ?EA?!
?>!
<>AD! <F<!
CCAD! >DD!
C?AC! <>!
<?A@!
(9;/%!/##9$!
=@! ><AD!
>=!
><AF!
BE!
>?A>! BB!
><A=! >B!
>@AE!
)#-)!
>?E! <?AC!
??!
<?A<! >F@!
<?AB! E=!
<<AC! <B!
<DA>!
8%%1!
=<! ><A>!
<@!
>DA?!
C@!
>FA<! BF!
>>AB! ><!
>?AB!
`442!8%%1!
=?! ><A?!
?B!
<CA@!
?D!
DAC! C?!
EAE! >@!
>DAF!
$#$%%&!
BE?! EEAE! >C<!
EEAE! CB>! >FFAF! C??!
EEAE! DE! >FFA>!
<
<
!!
!!
!!
MN9 hC?AB?<kGXhCkKf.F>!
MN9 h>EA>=EkGXhDkKf.FB!
V>(##@'!;!K#5#(/)*5&!.>!E#(@!
<#'!0.//#$)d&!
!!
!!
!!
!
!!
!!
!
!
!!
!!
/##9$!
<>F! ?EAD!
<@!
<FAD! >DC!
CBA=! >=F!
CCAB! >=!
<>AD!
(9;/%!/##9$!
@@! ><AB!
>C!
>>A<!
B<!
><AE! CC!
>>AB! >=!
<>AD!
)#-)!
><C! <?AB!
?>!
<CAD!
E?!
<?A>! E>!
<?AD! >D!
<?A>!
8%%1!
@@! ><AB!
<=!
<>A@!
?E!
EA=! ?E!
>FA<! ><!
>BAC!
`442!8%%1!
@<! >>A=!
<=!
<>A@!
?B!
DA=! ?D!
EAE! >C!
>=AE!
$#$%%&!
B<D! >FFAF! ><B! >FFAF! CF?! >FFA>! ?D<!
EEAE! =D! >FFAF!
<
<
!!
!!
!!
MN9 h?EAB@@kGXhCkKf.F>!
MN9 h<=AB>kGXhDkKf.F>!
V>(##@'!;!K#5#(/)*5&!%*!J(%4#!'%45!
<#'!J(%#*5#*b@#**%&&#*!
!!
!!
!!
!
!!
!!
!
!
!!
!!
/##9$!
<BD! BFA?!
C<!
?BA@! <>@!
BCA=! <>F!
BDA?! <@!
<EAE!
(9;/%!/##9$!
D@! >@AD!
>E!
>@A>!
@=!
>=AF! B?!
>CA=! >E!
<>AD!
)#-)!
>F<! >EAE!
<=!
<<AE!
=B!
>EAF! @F!
>@A=! <>!
<CA>!
8%%1!
?E!
=A@!
>B!
><A=!
<C!
@A>! <<!
@A>! ><!
>?AD!
`442!8%%1!
<D!
BAB!
>B!
><A=!
>?!
?A?! >B!
CA<!
E!
>FA?!
$#$%%&!
B>?! >FFA>! >>D! >FFAF! ?EB! >FFA>! ?@F! >FFAF! D=!
EEAE!
<
<
!!
!!
!!
MN9 h<=A?B?kGXhCkKf.F>!
MN9 h?@ACF>kGXhDkKf.F>!
!"#$%&'()'&*++,-&./01#&

GUI!

04)&%MN$!
#8!H[P!
H%/!
R2#*:!
Y!
,!
Y!
,!
Y!
,!
!
!
!!
!
!!
!!
>C!
>CAE!
@C!
>BA?!
BE!
>EAF!
<B!
<@A@!
==!
>DAB!
CE!
>BAD!
>>!
>>A=!
?B!
DAC!
<?!
=AC!
D!
DAB!
<<!
BA?!
<>!
@AD!
<!
<A>!
>F!
<AC!
@!
>AE!
?C!
?@A<! <FE!
BFA>! >B<!
CEAF!
EC! >FFAF! C>=! >FFAF! ?>F!
EEAE!
MN9<h?A<BCkGXhBk/)!
!
!
!!
!
!!
!!
B!
BA?!
?C!
DA<!
<@!
DAC!
<<!
<?AC!
=B!
>DAF!
=?!
<?AB!
>=!
>DA>!
=@!
>DA<!
C=!
>BA<!
>@!
>=AF!
D=!
<FAE!
@B!
<>AF!
>@!
>=AF!
C<!
>FA>!
?F!
EA=!
>D!
>EA>! >F?!
<CA=!
@E!
<<A?!
EC!
EEAE! C>=! >FFA>! ?>F! >FFA>!
MN9<hCA>=DkGXhBk/)!
!
!
!!
!
!!
!!
<C!
??AD! >>E!
?BAB! >FE!
CCAB!
@!
DAB!
?D!
>>A?!
?@!
>CA=!
>=!
<?AE!
E>!
<=A<!
CB!
>DAC!
>F!
>CA>!
C?!
><AD!
<=!
>>AF!
>C!
>EA=!
CC!
>?A>!
<D!
>>AC!
=>! >FFAF! ??B!
EEAE! <CB! >FFAF!
<
MN9 hEAB<DkGXhCkKf.FB!
!
!
!!
!
!!
!!
<?!
??AD! >FB!
?CAD! >F?!
C=AF!
B!
=AC!
C>!
>?A@!
<C!
>>AF!
>B!
<<A>!
=@!
<BA<!
CD!
<>AE!
>B!
<<A>!
CC!
>CA@!
>E!
DA=!
>F!
>CA=!
?@!
>>AE!
<B!
>>AC!
@D! >FFA>! ?F<! >FFA>! <>E! >FFAF!
MN9<hEA=>@kGXhCk/)!
!
!
!!
!
!!
!!
<<!
??A?! >CF!
CDAD! >>@!
B?AF!
>C!
<>A<!
B<!
>DA>!
??!
>BA>!
<>!
?>AD!
B>!
>=AD!
C=!
<>AB!
B!
=A@!
<@!
EA>!
>?!
BAE!
C!
@A>!
>D!
@A?!
>F!
CA@!
@@! >FFAF! <D=! >FFA>! <>E! >FFA>!
<
MN9 hCA<>=kGXhCk/)!

M4>9*),-

!
-),#/!,^769!-))/,#1##(&%*$!*))(!<%$()'%#'#(<%4*?!1#(@.<&'$(.#>!#*!$#&/)01'!!
!!
"#$%%&!
-902%/$!
04(##2$4&%/G!
!
!!
!!
H9GG4&&%/0!
Z#2$!
3#&4/!
5*&67#4!
!!
Y!
,!
Y!
,!
Y!
,!
Y!
,!
Y!
,!
Q#/@#!'))/!&>(##@'!;!1#'!<##&'!
<#'!<)*)$#(!
!!
!!
!!
!
!!
!!
!
!
!!
!!
Y4G42&%/G!
><>! >@A<!
CE!
<DA<!
=<!
><A@! D=!
>@A<! >@!
>CAF!
L*9$)!
CC!
BAE!
>F!
BA=!
?C!
BAE! ?<!
BAE!
<!
>AD!
P/04&)!
?><! C>AD!
@<!
?BA@! <BF!
C?A=! <C=!
CBAE! <=!
<?A=!
-#4G42$%%&!
>F<! >?A=!
<F!
>>AB!
D<!
>CA?! E<!
>=A>!
C!
?AB!
%/G42)!
><!
>A@!
<!
>A>!
>F!
>A=!
E!
>A=!
>!
FAE!
#/(414/G!
>BB! <FAD!
?>!
>=AD! ><C!
<>A=! =>!
>?A<! @C!
B@A>!
$#$%%&!
=C@! >FFAF! >=C!
EEAE! B=<!
EEAE! B?D! >FFAF! >>C! >FFAF!
!!
!!
!!
MN9<h<CAFD>kGXhBkKf.F>!
MN9<h>>EADC>kGXh>FkKf.F>!
Q#/@#!'))/!&>(##@'!;!1#'!<##&'!
<#'!0.//#$)d&!
!!
!!
!!
!
!!
!!
!
!
!!
!!
Y4G42&%/G!
E>! ><A<!
CF!
<?AF!
B>!
DAE! @=!
><AB! >C!
><A?!
L*9$)!
<>!
<AD!
B!
<AE!
>@!
<AD! >@!
?AF!
>!
FAE!
P/04&)!
>DC! <CA=!
CB!
<BAE! >?E!
<CA?! >??!
<CA=! <@!
<<AD!
-#4G42$%%&!
?FE! C>AC!
B?!
?FAB! <B@!
CCAD! <@@!
CEAC!
E!
=AE!
%/G42)!
E!
>A<!
C!
<A?!
B!
FAE!
B!
FAE!
>!
FAE!
#/(414/G!
>?<! >=A=!
<=!
>BAB! >FB!
>DAC! B>!
EAB! @?!
BBA?!
$#$%%&!
=C@! >FFAF! >=C! >FFA>! B=<! >FFA>! B?D! >FFAF! >>C! >FFA>!
!!
!!
!!
MN9<h?>A<<EkGXhBkKf.F>!
MN9<h>B=A==EkGXh>FkKf.F>!
Q#/@#!'))/!&>(##@'!;!1#'!<##&'!
<#'!J(%#*5#*b@#**%&&#*!
!!
!!
!!
!
!!
!!
!
!
!!
!!
Y4G42&%/G!
<B!
?AC!
>>!
@A?!
>C!
<AC! >@!
?AF!
=!
@A>!
L*9$)!
C!
FAB!
>!
FA@!
?!
FAB!
?!
FA@!
F!
FAF!
P/04&)!
D?! >>A>!
<?!
>?A<!
@F!
>FAB! B<!
EA=! >@!
>CAF!
-#4G42$%%&!
CEC! @@A<! >FD!
@<A>! ?D@!
@=AB! CFB!
=BA?! ?<!
<DA>!
%/G42)!
<!
FA?!
F!
FAF!
<!
FA?!
>!
FA<!
F!
FAF!
#/(414/G!
>?D! >DAB!
?>!
>=AD! >F=!
>DA=! @>!
>>A?! BE!
B>AD!
$#$%%&!
=C@! >FFAF! >=C! >FFAF! B=<!
EEAE! B?D! >FFA>! >>C! >FFAF!
!!
!!
!!
MN9<hDA>?>kGXhBk/)!
MN9<h><@A>D?kGXh>FkKf.F>!
!"#$%&'()'&*++,-&./01#&

#8!H[P!
Y!
,!
!
>D!
>F!
?D!
@!
<!
<F!
EC!

04)&%MN$!
H%/!
R2#*:!
Y!
,!
Y!
,!

!
!!
!
!!
!!
>EA>!
=>!
>=AF!
C=!
>BA<!
>FA@!
?>!
=AC!
>?!
CA<!
CFAC! >DF!
C?A<! ><C!
CFAF!
@AC!
B>!
><A<!
C@!
>CAD!
<A>!
@!
>AC!
B!
>A@!
<>A?!
=D!
>DA=!
=B!
<CA<!
EEAE! C>=!
EEAE! ?>F! >FFAF!
MN9<h=A?DkGXhBk/)!

!
!
!!
!
!!
!!
>F!
>FA@!
BC!
><AE!
?B!
>>A?!
C!
CA?!
>C!
?AC!
=!
<A?!
<B!
<@A@! >FB!
<BA<!
=?!
<?AB!
?C!
?@A<! >=?!
C>AB! ><D!
C>A?!
?!
?A<!
B!
>A<!
C!
>A?!
>D!
>EA>!
@@!
>BAD!
@?!
<FA?!
EC! >FFAF! C>=! >FFAF! ?>F! >FFAF!
MN9<h?A?=@kGXhBk/)!
!
!
!!
!
!!
!!
<!
<A>!
>?!
?A>!
><!
?AE!
>!
>A>!
?!
FA=!
>!
FA?!
>B!
>@AF!
CC!
>FA@!
?B!
>>A?!
B=!
@FA@! <=<!
@BA<! <FE!
@=AC!
>!
>A>!
<!
FAB!
F!
FAF!
>D!
>EA>!
D?!
>EAE!
B?!
>=A>!
EC! >FFAF! C>=! >FFAF! ?>F! >FFAF!
MN9<h?A<B=kGXhBk/)!

!
-),#/!,^7\9!"#5U))<1#%5!<#'!1;%5%$#!'))/,#1##(&%*$!*))(!<%$()'%#'#(<%4*?!1#(@.<&'$(.#>!#*!$#&/)01'!!
"#$%%&!
-902%/$!
04(##2$4&%/G!
!!
!
!!
!!
H9GG4&&%/0!
Z#2$!
3#&4/!
5*&67#4!
!!
Y!
,!
Y!
,!
Y!
,!
Y!
,!
Y!
,!
G;*'!;!U%01!(#55#*!<#'!
!!
!!
!!
!
!!
!!
!
!
!!
!!
'))/,#1##(&%*$!
I%A!%&$9;G!
><B! >DA>!
?<!
<FA>!
E?!
>=AB! @B!
>?A<! ??!
?>A>!
I%A!-44)$%&!
<@C! ?DA?!
@>!
?DAC! <F?!
?DA?! >@B!
??AC! B<!
CEA>!
Y44A!-44)$%&!/94$!
<C>! ?BAF!
BB!
?CA@! >D@!
?BA>! <>@!
C?A=! >?!
><A?!
Y44A!/##9$!
BE!
DA@!
>>!
@AE!
CD!
EA>! CD!
EA=!
D!
=AB!
$#$%%&!
@DE! >FFAF! >BE! >FFAF! B?F! >FFAF! CEC! >FFAF! >F@! >FFAF!
!!
!!
!!
MN9<h>A>>kGXh?k/)!
MN9<h=@AEE=kGXh@kKf.F>!
!"#$%&'()'&*++,-&./01#&

#8!H[P!
Y!
,!

04)&%MN$!
H%/!
R2#*:!
Y!
,!
Y!
,!

!
!
!!
!
!!
<=!
?FA?!
=D!
>EAE!
C@!
C=!
B<AD! >BD!
CFA?! >F?!
><!
>?AB! ><E!
?<AE! >FB!
?!
?AC!
<=!
@AE!
<D!
DE! >FFAF! ?E<! >FFAF! <D<!
MN9<hCACEBkGXh?k/)!

!!
>@A?!
?@AB!
?=A<!
EAE!
EEAE!

!
-),#/!,^7Y9e!K#5#(/)*5&!$#/##(5Fe!*))(!<%$()'%#'#(<%4*?!1#(@.<&'$(.#>!#*!$#&/)01'!!
!!
"#$%%&!
-902%/$!
04(##2$4&%/G!
!
!!
!!
H9GG4&&%/0!
Z#2$!
3#&4/!
5*&67#4!
!!
Y!
,!
Y!
,!
Y!
,!
Y!
,!
Y!
,!
K#5#(/)*5&!$#/##(5F!
!!
!!
!!
!
!!
!!
!
!
!!
!!
/44A!044/!Y4G42&%/G)!04&442G!
CDF! @DA>!
DB!
B<AB! ?EB!
=<A=! ?=@!
=?AF! @F!
B=A=!
;%A!`4&X!%%/04&442G!
D<! >>A@!
<F!
><A?!
@<!
>>AC! C<!
DA<! <?!
<<A>!
a*2*)!048#&0G!
>>E! >@AE!
CB!
<=AD!
=C!
>?A@! D<!
>BAE! >E!
>DA?!
a*2)*)!048#&0G!4/!`4&X!%%/04&442G!
<C!
?AC!
><!
=AC!
><!
<A<! >B!
<AE!
<!
>AE!
$#$%%&!
=FB! >FFAF! >@<! >FFAF! BC?!
EEAE! B>B! >FFAF! >FC! >FFAF!
!!
!!
!!
MN9<h?<A?<=kGXh?k!Kf.F>!
MN9<h?BA>FEkGXh@k!Kf.F>!
Q))(!0;(&;&!$#J./$5!
!!
!!
!!
!
!!
!!
!
!
!!
!!
$%%&M*2)*)!9/!&%/G!8%/!N421#-)$!
>@!
<A>!
C!
<A?!
><!
<A>! ><!
<A<!
?!
<A@!
$%%&M*2)*)!9/!Y4G42&%/G!
>FF! >?AC!
CB!
<BAE!
BB!
EA@! @D!
><A@! >@!
>CAF!
$%%&M*2)*)!89%!-9;/!:421!
<D!
?AD!
D!
CA@!
<F!
?AB! <>!
?AE!
>!
FAE!
$#$%%&!
>CC! >EA?!
B=!
?<AD!
D=!
>BA<! >F>!
>DA=! <F!
>=AB!
!
!
!
!
!
!"#$%&'()'&*++,-&./01#&

!

GUM!

04)&%MN$!
#8!H[P!
H%/!
R2#*:!
Y!
,!
Y!
,!
Y!
,!
!
!
!!
!
!!
!!
CC!
B>A<! <@D!
@DA<! >ED!
@=A@!
>=!
>EAD!
B=!
>CAB!
<C!
DA<!
>D!
<FAE!
BD!
>CAD!
B=!
>EAB!
=!
DA>!
>F!
<AB!
>C!
CAD!
D@! >FFAF! ?E?! >FFAF! <E?! >FFA>!
MN9<h>FA<=@kGXh?kKf.FB!
!
!
!!
!
!!
!!
>!
>A>!
=!
>A=!
E!
<AE!
>@!
>=AF!
C=!
>>A?!
BF!
>@A>!
@!
@AC!
>D!
CA?!
E!
<AE!
<?!
<CAB!
=<!
>=A?!
@D!
<>AE!
!

M4>9*),-

!
-),#/!,^7O9!Q#*&#*!'7)7J7!'))/,#1##(&%*$!#*!0;/';;(!*))(!<%$()'%#'#(<%4*?!1#(@.<&'$(.#>!#*!$#&/)01'!!
!!
"#$%%&!
-902%/$!
04(##2$4&%/G!
!
!!
!!
H9GG4&&%/0!
Z#2$!
3#&4/!
5*&67#4!
!!
Y!
,!
Y!
,!
Y!
,!
Y!
,!
Y!
,!
Q%/'!;!,#'#(!K#5#(/)*5&!/#(#*!
!!
!!
!!
!
!!
!!
!
!
!!
!!
I%A!N44&!02%%0!
<E<! CFA@!
=@!
CBA<! <>@!
?EA<! >DE!
?@AB! B<!
C=A=!
I%!
?FD! C<AD!
@E!
C>A>! <?E!
C?AC! <?@!
CBA@! C>!
?=A@!
Y44!
>F>! >CAF!
<<!
>?A>!
=E!
>CA?! DF!
>BAC! >?!
>>AE!
Y44A!`4142!/94$!
>D!
<AB!
>!
FA@!
>=!
?A>! >?!
<AB!
?!
<AD!
$#$%%&!
=>E! EEAE! >@D! >FFAF! BB>! >FFAF! B>D! >FFAF! >FE! >FFAF!
<
<
!!
!!
!!
MN9 hCA@CBkGXh?k/)!
MN9 h>CADEBkGXh@kKf.FB!
Q%/'!;!<##(!.J#(!K#5#(/)*5&#!
>D!
<AB!
>!
FA@!
>=!
?A>! >?!
<AB!
?!
<AD!
0;/';;(!/#(#*F!
I%A!N44&!02%%0!
<<@! ?<A=!
B>!
?>A=! >=B!
??AF! ><E!
<BAE! C=!
CCAD!
I%!
?@B! B<AD!
D<!
BFAE! <D?!
B?AC! <E=!
BEA@! C?!
C>AF!
Y44!
E<! >?A?!
<=!
>@AD!
@B!
><A?! @D!
>?A=! ><!
>>AC!
Y44A!`4142!/94$!
D!
>A<!
>!
FA@!
=!
>A?!
C!
FAD!
?!
<AE!
$#$%%&!
@E>! >FFAF! >@>! >FFAF! B?F! >FFAF! CED! >FFAF! >FB! >FFA>!
!!
!!
!!
MN9<h<A@>BkGXh?k/)!
MN9<hC=AEB@kGXh@kKf.F>!
!"#$%&'()'&*++,-&./01#&

04)&%MN$!
#8!H[P!
H%/!
R2#*:!
Y!
,!
Y!
,!
Y!
,!
!
!
!!
!
!!
!!
B>!
BBAC! >@>!
CFAF! ><C!
C>A?!
?>!
??A=! >@D!
C>AD! >?C!
CCA=!
D!
DA=!
@@!
>@AC!
?<!
>FA=!
<!
<A<!
=!
>A=!
>F!
?A?!
E<! >FFAF! CF<!
EEAE! ?FF!
>FFAF!
<
MN9 h@A<@DkGXh?k/)!
<!
BF!
<B!
><!
>!
DD!

<A<!
=!
>A=!
>F!
B@AD! ><E!
??AC!
EC!
<DAC! >E>!
CEAB! >@C!
>?A@!
@F!
>BAB!
<E!
>A>!
@!
>A@!
<!
EEAE! ?D@! >FFAF! <DE!
MN9<h@ABCkGXh?k/)!

?A?!
?<AB!
B@A=!
>FAF!
FA=!
EEAE!

!
-),#/!,^7^9!V.0%)/#!0.*')0'#*!*))(!'=>#!<%$()*'?!1#(@.<&'$(.#>!#*!$#&/)01'!A%*!BC!
!!

"#$%%&!

!

!!

-902%/$!
H9GG4&&%/0

!!

%

04(##2$4&%/G!
(

%

Z#2$ !

(

3#&4/ !

!!

Y 04-

Y W4-

Y 04-

S.*')0'!.>!1#'!E#(@!

!

!

!

!

!

Y 04-

'%*$#MN$#/4+!Y4G42&%/G42)!#K!*:!:421!

@?B

?AE

>B> CA<

(

CDC

?AD

C@D ?AE

&%/G04/#$4/!#K!*:!:421!

BCE

?AD

>>=

?AE

C?<

?AD

?E> CAF

W4)&%MN$!
M

5*&67#4 !

#8!H[P !

Y! 04-!
!!

!!

Y! 04-!
!

!

%

!

(

!

!

EF! ?AB! ==! CAF ! ?B=

?AE

<@< ?AE

M

D=! ?A=! =>! ?A?! ?F@

(

?AE

<?> ?AD

%(

?A<

<<< ?A<

(

?AF

<?> <AE

D@! <A=! @D! ?A? ! ?F=

?A<

<<E ?A?

?A?

D>! ?AC! =>! ?A?! ?F<

?AC

<<D ?A?

<AD

=@! <AB! @@! ?A> ! <=@

<AD

<F? <A=

?@D <AB

(

=@! <AF! @?! <AC! <=E

<AB

<>@ <AC

<AE

<>D <AE

?A<

><@

?A?

CF<

?A<

?D@ ?A<

=?! <A=! @E! ?A@ ! <E?

"*214/A!H%2#11%/4/A!J*29/%-42)!4.G.!#K!*:!:421!

BC=

<AE

><B

?AF

C<<

<AE

?ED ?A>

(

=E! <A>! =F! <AD ! ?F?

!

!

!

!

!

'%*$#MN$#/4+!Y4G42&%/G42)!9/!G4!:9;1!

BCD

?A?

>?F ?A@

C>D

?A<

&%/G04/#$4/!9/!G4!:9;1!

BC>

?A?

><<

?A?

C>E

?AC

?DE

%/G424![#)$VP*2#K4%/4/!9/!G4!:9;1!

CE>

<AD

>>?

<AD

?=D

<AD

?CE

"*214/A!H%2#11%/4/A!J*29/%-42)!4.G.!9/!G4!:9;1!

BF=

<AC

>>E

<A@

?DD

<AC

S.*')0'!%*!J(%4#!'%45!

Y 04-

(

B<D

(

R2#*: !

Y 04-

%/G424![#)$VP*2#K4%/4/!#K!N4$!:421!
S.*')0'!%*!5#!E%4@!

(

H%/ !

!!
(

?EC ?AC

!!

!

!

!

(

(

!!

!!

!

!

!

!

!

!

!

!

!

'%*$#MN$#/4+!Y4G42&%/G42)!9/!*:!829;4!$9;G!

B?D

<AE

><= ?A<

(

C>>

<AD

?D<

<AE

D@! <AE! =F! ?AF! ?F=

&%/G04/#$4/!9/!*:!829;4!$9;G!

B><

?A=

><F

?AD

?E<

?A=

?@>

?A=

DC! ?AD! @=! ?AE! <DD ?A=

G

<>< ?AE

<AD

>EE <AB

<A>

<F< <AF

%M

CA>

<=> CA>

%

G

<@F CAF

%(

!

!

%/G424![#)$VP*2#K4%/4/!9/!*:!829;4!$9;G!

CED

<A=

>>F

<A@

?DD

<A=

?B@

<A@

==! <AB! @B! ?A< ! <D=

"*214/A!H%2#11%/4/A!J*29/%-42)!4.G.!9/!*:!829;4!$9;G!

CE@

<A>

>><

<A>

?DC

<A>

?BD

<A>

=C! >AE! @C! <AF! <DC

!

!

!

!

!

O#4!8%%1!N44X$!*!M#/$%M$!-4$!X%-9&94!9/!*:!N421#-)$&%/Gg!

@C?

CA>

>C=

CA>

CE@

CA>

C@B

CAF

>FF! CA@ ! =D! CA>! ?BB

O#4!8%%1!N44X$!*!M#/$%M$!-4$!8294/G4/!4/!14//9))4/!9/!*!

@><

?AE

>CC

?AE

C@D

?AE

CCF

?AD

ED! CA< ! =C! ?AE! ??D ?AD

S.*')0'!1#(@.<&'/)*5!

!!

!!

!

!

!

!

3-1-<D?EC+F&&=C#C>C&15$#5G45&<3=5A#"/5-&4@0&G/445;;3$A5&=5"G/H$&G/A"3$=5$&B5115$&0/A$/I/<3$=&G55"&<#$=3<=&#?&B5=&25"J&G5=&K545";3$45"0&43$&J#"=5&=5"G/H$&G/A"3$=5$&

!"#$%&'()'&*++,-&./01#&

!
-),#/!,^7[9!a(%4#!'%45&,#&'#5%*$!*))(!'=>#!<%$()*'?!1#(@.<&'$(.#>!#*!$#&/)01'!A%*!BCF!
!!
!
!!
M%XiA!*9$4$4/A!G9)M#!
-*)4*-A!$N4%$42A!(9#)M##K!
:9/14&4/!
&4`4/A!$8!19;14/A!-*`941!&*9)$424/!
9/$42/4$$4/A!M#-K*$424/!
)K#2$4/!
%/G424!N#((ej)!
1421!
829;:9&&9042):421!
X%-9&94A!8294/G4/!
%/G42)A!/%-4&9;1!
!"#$%&'()'&*++,-&./01#&

"#$%%&!
!!
!!
Y!
,!
<>?! <DA@!
D>! >FAE!
?FD! C>A?!
?D?! B>A?!
??C! CCAD!
>E>! <BA@!
>F<! >?A=!
EC! ><A@!
>@!
<A>!
<?B! ?>AB!
CC!
BAE!

GUF!

-902%/$!
H9GG4&&%/0!
Z#2$!
Y!
,!
Y!
,!
BE! ??AE! >BC! <@AE!
?>! >=AD!
BF!
DA=!
=F! CFA<! <?D! C>A@!
DE! B>A>! <EC! B>AC!
DE! B>A>! <CB! C<AD!
CD! <=A@! >C?! <BAF!
<D! >@A>!
=C! ><AE!
>E! >FAE!
=B! >?A>!
=!
CAF!
E!
>A@!
@@! ?=AE! >@E! <EAB!
>>!
@A?!
??!
BAD!

3#&4/!
Y!
,!
>BF! <=AE!
B>!
EAB!
<CD! C@A>!
<=F! BFA<!
<?D! CCA<!
><C! <?AF!
@E! ><AD!
@E! ><AD!
>F!
>AE!
>BB! <DAD!
<=!
BAF!

04(##2$4&%/G!
5*&67#4!
Y!
,!
<=! <?A=!
>C! ><A?!
?@! ?>A@!
B=! BFAF!
CF! ?BA>!
?F! <@A?!
>D! >BAD!
>D! >BAD!
B!
CAC!
B?! C@AB!
D!
=AF!

#8!H[P!
Y!
,!
?@! ?DA?!
>@! >=AF!
<C! <BAB!
B@! BEA@!
B@! BEA@!
?=! ?EAC!
>B! >@AF!
=!
=AC!
>!
>A>!
<=! <DA=!
E!
EA@!

W4)&%MN$!
H%/!
R2#*:!
Y!
,!
Y!
,!
>F=! <BA=!
ED! ?>A@!
CF!
EA@!
?E! ><A@!
>CB! ?CAD! >B@! BFA?!
>EF! CBA@! >D<! BDA=!
>DC! CCA>! >?D! CCAB!
>?>! ?>AC!
B?! >=A>!
@E! >@AB!
??! >FA@!
CC! >FA@!
CD! >BAB!
E!
<A<!
=!
<A?!
>FD! <BAE! ><F! ?DA=!
<E!
=AF!
>C!
CAB!

!

!

L%T6*)$-#%T-8225&',.R-A-

-),#/!,[7P9!a..(*#<#*&!%*!K#5#(/)*5!'#!,/%4J#*!E#(@#*!*))(!<%$()'%#'#(<%4*?!1#(@.<&'$(.#>!#*!$#&/)01'!
!!
"#$%%&!
-902%/$!
04(##2$4&%/G!
W4)&%MN$!
!
!!
!!
H9GG4&&%/0!
Z#2$!
3#&4/!
5*&67#4!
#8!H[P!
H%/!
R2#*:!
!!
Y!
,!
Y
,
Y
,
Y
,
Y
,
Y!
,!
Y!
,
Y
,
:.#!/)*$!E%/'!;!%*!K#5#(/)*5!
,/%4J#*!E#(@#*F!
!!
!!
!
!
!
!
!
!
!
!!
!
!
F!V!?!-%%/G4/!
@F! ><A<!
D
=A=
B< >?AC
?E >>A>
>@ <<AB
B!
=AC!
?C! >>AE
<C ><A?
C!V!@!-%%/G4/!
B=! >>A@!
<
>AE
BB >CA<
C? ><A<
D >>A?
@!
DAD!
?C! >>AE
<< >>A?
=V!><!-%%/G4/!
BC! >>AF!
=
@A=
C= ><A>
C= >?AC
?
CA<
C!
BAE!
?<! >>A<
<< >>A?
>!V!<!;%%2!
D<! >@A=!
>> >FA@
=> >DA?
@D >EA?
C
BA@
>F! >CA=!
C?! >BAF
?D >EAB
?!V!B!;%%2!
DC! >=A>!
<F >EA<
@C >@AB
BD >@AB
@
DAB
<F! <EAC!
C@! >@A>
?@ >DAB
B!V!>F!;%%2!
B?! >FAD!
<C <?A>
<E
=AB
?C
EA=
>> >BAB
D! >>AD!
?=! ><AE
>C
=A<
$#$!-9;/!K4/)9#4/!
?>!
@A?!
>> >FA@
<F
BA<
<F
BA=
@
DAB
B!
=AC!
<>!
=A?
E
CA@
91!:9&!G4X9/9$94X!9/!Y4G42&%/G!
=F! >CA?!
<> <FA<
CE ><A=
C? ><A<
>= <?AE
>F! >CA=!
?E! >?A@
?F >BAC
$#$%%&!
CE>! >FFAF! >FC >FFAF
?D= EEAE
?B< >FFA>
=> >FFAF
@D! >FFA>! <D@! EEAE
>EB >FFA>
!!
!!
!!
MN9<hC?AD=<kGXh=kKf.F>!
MN9<h?EA?>EkGXh>CkKf.F>!
MN9<h=AFBDkGXh=k/)!
:.#!/)*$!E%/'!;!%*!K#5#(/)*5!
,/%4J#*!E#(@#*F!
!!
!!
!!
!
!!
!!
!
!
!!
!!
!
!
!!
!
!!
!!
F!V!?!-%%/G4/!
@F!
DAC!
D
CAE
B<
EAB
?E
=A@
>@ >CA=
B!
BA@!
?C!
DAB
<C
DA<
C!V!@!-%%/G4/!
B=!
DAF!
<
>A<
BB >FAF
C?
DAC
D
=A?
@!
@A=!
?C!
DAB
<<
=AB
=V!><!-%%/G4/!
BC!
=A@!
=
CA?
C=
DA@
C=
EA<
?
<AD
C!
CAC!
?<!
DAF
<<
=AB
>!V!<!;%%2!
D<! >>AB!
>>
@A=
=> ><AE
@D >?A?
C
?A=
>F! >>A>!
C?! >FA=
?D >?AF
?!V!B!;%%2!
DC! >>AD!
<F ><A?
@C >>A=
BD >>A?
@
BAB
<F! <<A<!
C@! >>AB
?@ ><A?
B!V!>F!;%%2!
B?!
=AC!
<C >CA=
<E
BA?
?C
@A@
>> >FA>
D!
DAE!
?=!
EA<
>C
CAD
$#$!-9;/!K4/)9#4/!
?>!
CAC!
>>
@A=
<F
?A@
<F
?AE
@
BAB
B!
BA@!
<>!
BA<
E
?A>
91!:9&!G4X9/9$94X!9/!Y4G42&%/G!
=F!
EAD!
<> ><AE
CE
DAE
C?
DAC
>= >BA@
>F! >>A>!
?E!
EA=
?F >FA<
:44$!/94$!
<<>! ?>AF!
BE ?@A<
>@< <EAB
>@> ?>AC
?D ?CAE
<<! <CAC! >>B! <DA=
ED ??AC
$#$%%&!
=><! EEAE! >@? EEAE
BCE >FFAF
B>? >FFA>
>FE >FFA>
EF! >FFAF! CF>! >FFAF
<E? >FFAF
!!
!!
!!
MN9<hCCA>>EkGXhDk!Kf.F>!
MN9<hC>ACEkGXh>@k!Kf.F>!
MN9<hDA=DBkGXhDk/)!
!"#$%&'()'&*++,-&./01#&
!
-),#/!,[789!2.$%&'%&01!(#$(#&&%#<.5#/!3)0'.(#*!J..(*#<#*!>#(<)*#*'!J#(,/%43!
!!
&44X$9;G!
!
-%//4/!
82#*:4/!
!
&#68-(#!
N%8#68:#6-(#!
N(#6:#!
!
3#&4/!
5*&0%29;467#4-4/9d!
[84290!H[P!
!
/94$!9/04)MN2484/!9/!G4!W5\!
9/04)MN2484/!9/!G4!W5\!
!
(4N442)9/0!/4G42&%/G)!
!
044/!19/G424/'9/!Y4G42&%/G+!
19/G424/!9/!Y4G42&%/G!
!
R42(&9;X!9/!Y4G42&%/G!';%24/+!
MN9<h@@A<kGXh>FkKf.F>!
Y%04&14214n)!7<h.<?!
!"#$%&'()'&*++,-&./01#&

5!
FAF<!
!
!

J.P.!
FAF<!
!
!

FAFF!
!
!

!
!
FA<D!

!
!
VFACC!
VFA@B!

!
!

FA==!

!
!

!

!
!

!
FA>?!

!
!
>A<F!

!

!
!
FA?E!

!
FA>E!

!
FA>>!

>AFF!

!
>A=?>!
!
>!
?A?FB!

FAFF!
!

>AFF!

>!
<A>B@!

FAFF!
!
!

!
?AFD!

!

!

!
!

>!
>A<@@!
>A>D<!

FAF>!

>AFF!

EA<F!

!

!
!

!

>!
FA@C@!
FAB<!

FAB?!
FA@=!

>AFF!

>EA<<!

!

!
!

!
!

>!
FAEE@!

FA>=!
FA><!

>AFF!
>AFF!

=ABD!

!

!
!

!
!

PmK'5+!
>AF>@!

FAEE!

>AFF!
>AFF!

FA?E!
FA>D!

FA<D!

FABB!

>AFF!

>AE?!
<ACB!

FA?D!
FA?E!

J90.!
FA?>!
!
!

!
!

!
!

!
!

!

FAFF!

FA?<!
FAC<!

FA<C!
FA>=!

GX!
>AFF!
!
!

!
!

!
!

!
!

U%&G!
>AF?!

!
FAFD!

>A<><!

!
!

!

GIG!

M4>9*),-

!
!
-),#/!,[769!a..(*#<#*&!%*!K#5#(/)*5!'#!,/%4J#*!E#(@#*!*))(!<%$()'%#'#(<%4*?!1#(@.<&'$(.#>!#*!$#&/)01'!
!!
"#$%%&!
-902%/$!
04(##2$4&%/G!
W4)&%MN$!
!
!!
!!
H9GG4&&%/0!
Z#2$!
3#&4/!
5*&67#4!
#8!H[P!
H%/!
R2#*:!
!!
Y!
,!
Y
,
Y
,
Y
,
Y
,
Y!
,!
Y!
,
Y
,
D)('*#(!#*!@%*5#(#*!*))(!K2F!
!!
!!
!!
!
!!
!!
!
!
!!
!!
!
!
!!
!
!!
!!
I%A!`#!)/4&!-#04&9;1!
@E! >?AB!
>= >?AE
B< >?AC
C@ ><AC
>> ><AE
><! <<A@!
CC! >BA>
<C >>AC
I%A!91!:44$!/#0!/94$!:%//442!
CB!
DAD!
>F
DA<
?B
EAF
?>
DA?
>F >>AD
C!
=AB!
??! >>A?
>F
CAD
H9))MN94/A!91!:44$!N4$!/94$!`4142!
><B! <CAB!
<? >DAE
>F< <@A?
E< <CA=
<> <CA=
><! <<A@!
=D! <@A=
C@ <>AE
Y44A!/##9$!
>>@! <<A=!
<C >EA=
E< <?A=
E> <CAB
>E <<AC
@! >>A?!
=>! <CA?
CC <>AF
Y.8.$.A!:%/$!`4!`9;/!%&!9/!Y4G42&%/G!
>BB! ?FAC!
CD ?EA?
>F= <=A@
>>< ?FA>
<C <DA<
>E! ?BAD!
@@! <<A@
D@ C>AF
$#$%%&!
B>F! EEAE! ><< >FFAF
?DD >FFAF
?=< >FFAF
DB >FFAF
B?! EEAD! <E<! >FFAF
<>F >FFA>
!!
!!
!!
MN9<h=AF=EkGXhCk/)!
MN9<hDAEB<kGXhDk/)!
MN9<h<<A@<?kGXhCkKf.F>!
T.%'!E##(!*))(!K2!J..(!E#(@F!!
!!
!!
!!
!
!!
!!
!
!
!!
!!
!
!
!!
!
!!
!!
I%A!`#!)/4&!-#04&9;1!
>CE! <?A<!
<= <FAF
><< <CA>
>>C <CAD
<B <BAF
>F! ><A?!
D>! <<AC
@C <CA<
I%A!91!:44$!/#0!/94$!:%//442!
>@@! <BAE!
<D <FA=
>?D <=A?
><? <@A=
<? <?AF
<F! <CA=!
E=! <@AD
@B <CA@
H9))MN94/A!91!:44$!N4$!/94$!`4142!
<D@! CCA@!
@D BFAC
<>D C?A>
>E? C<AF
C= C=AF
C@! B@AD! >BE! C?AE
><< C@A<
Y44A!/##9$!
CF!
@A<!
><
DAE
<D
BAB
?F
@AB
B
BAF
B!
@A<!
<B!
@AE
>?
CAE
$#$%%&!
@C>! EEAE! >?B >FFAF
BF@ >FFAF
C@F >FFAF
>FF >FFAF
D>! >FFAF! ?@<! >FFAF
<@C EEAE
!!
!!
!!
MN9<hBA=<>kGXh?k/)!
MN9<hEAFDDkGXh@k/)!
MN9<h>A@=BkGXh?k/)!
!"#$%&'()'&*++,-&./01#&

!
!

GID!

A.M. Weltevrede, J. de Boom, S. Rezai, L. Zuijderwijk en G. Engbersen

Arbeidsmigranten uit Midden- en Oost-Europa

Risbo is een zelfstandig onderzoeksinstituut op het gebied van leren en
samenleven. Het instituut is verbonden aan de Faculteit der Sociale
Wetenschappen van de Erasmus Universiteit Rotterdam. Wij richten ons op
drie belangrijke thema’s: Grote Steden, Openbaar Bestuur en Onderwijs.
Research, training en consultancy zijn de instrumenten die wij inzetten
bij onze zoektochten naar antwoorden op zeer uiteenlopende vragen en
inzichten in complexe vraagstukken.
Risbo
Erasmus Universiteit Rotterdam
Postbus 1738
3000 DR Rotterdam
010-4082124
info@risbo.eur.nl
www.risbo.nl