Blekinge släktforskarförening – Där du får kontakt med det ...
Pair Programming and Software Defects830822/FULLTEXT01.pdfNattakarn Phaphoom . ii This thesis is...
Transcript of Pair Programming and Software Defects830822/FULLTEXT01.pdfNattakarn Phaphoom . ii This thesis is...
Master Thesis Software Engineering Thesis no: MSE-2010-10 March 2010
School of Engineering Blekinge Institute of Technology Box 520 SE – 372 25 Ronneby Sweden
Pair Programming and Software Defects - A Case Study
Nattakarn Phaphoom
ii
This thesis is submitted to the School of Engineering at Blekinge Institute of Technology in partial fulfillment of the requirements for the degree of Master of Science in Software Engineering. The thesis is equivalent to 40 weeks of full time studies.
Contact Information: Author: Nattakarn Phaphoom E-mail: [email protected]
University advisor: Giancarlo Succi Full Professor and Director Center for Applied Software Engineering Free University of Bozen-Bolzano Via Della Monstra 4 I-39100 Bozen-Bolzano Email: [email protected]
Faculty Reviewer: Richard Torkar PhD, Associate Professor in Software Engineering Director for the Swedish Research School in Verification and Validation School of Computing Blekinge Institute of Technology SE-372 25 Ronneby Sweden Email: [email protected]
School of Engineering Blekinge Institute of Technology Box 520 SE – 372 25 Ronneby Sweden
Internet : www.bth.se/tek Phone : +46 457 38 50 00 Fax : + 46 457 271 25
!"#$%&'$
!"#$%&$'($"))#*(%#+%"%&$'($"))#*(%,-./*#01-%#*%2/#./%,2'%&$'($"))-$+%+#,%3#,-$"334%
+#5-%64%+#5-%2'$7#*(%'*%,/-%+")-%,"+7%",%,/-%+")-%.')&1,-$8%9*-%)-)6-$%':%"%&"#$%
."33-5%;5$#<-$=%#+%#*%./"$(-%':%2$#,#*(%,/-%.'5-8%>/-%',/-$%)-)6-$%&3"4+ %"% %$'3-%':%
;*"<#(",'$=? %2'$7#*(%'*%,/-%)'$-%+,$",-(#.%,"+7+? %+1./%"+%3''7#*(%:'$% ,".,#."3 %-$$'$?%
,/#*7#*(%"6'1,%'<-$"33%+,$1.,1$-?%"*5%:#*5#*(%6-,,-$%"3,-$*",#<-+8%!"#$%&$'($"))#*(%#+%
.3"#)-5%,'%#)&$'<-%&$'51.,%01"3#,4?%$-51.-%5-:-.,+?%"*5%+/'$,-*%,#)-%,'%)"$7-,8%9*%,/-%
',/-$%/"*5?%#,%/"+%6--*%.$#,#.#@-5%'*%.'+,%-::#.#-*.48 %>'%#*.$-"+-%"%6'54%':%-<#5-*.-%
$-("$5#*(%,/-%$-"3%6-*-:#,+%':%&"#$%&$'($"))#*(?%,/#+%,/-+#+%#*<-+,#(",-+%#,+%-::-., %'*%
+':,2"$-%5-:-.,+%"*5%-::#.#-*.4%':%5-:-.,%.'$$-.,#'*8%>/-%"*"34+#+%6"+-+%'*%ABC)'*,/%
5"," % ': % &$'D-., % "$,#:".,+ % "*5 % 5-<-3'&-$+E % ".,#<#,#-+ % .'33-.,-5 % :$') % " % 3"$(- % F,"3#"*%
)"*1:".,1$#*(%.')&"*48 %>/-%,-")%':%AG%5-<-3'&-$+%"5'&,+%"%.1+,')#@-5%<-$+#'*%':%
-H,$-)-%&$'($"))#*(%"*5%&$".,#.-+%&"#$%&$'($"))#*(%'*%"%5"#34%6"+#+8%I-%#*<-+,#(",-%
+'1$.-+ %': %5-:-.,+ %"*5 % %5-:-., %.'$$-.,#'* %".,#<#,#-+ %': %"&&$'H#)",-34%JK%':%5-:-.,+%
5#+.'<-$-5%51$#*(%,/",%,#)-?%"*5%-*/"*.-)-*,%".,#<#,#-+%':%"&&$'H#)",-34%LK%':%*-2%
$-01#$-)-*,+8%>/-*%2-%"*"34@-%2/-,/-$%,/-$-%-H#+,+%"*%-::-.,%':%&"#$%&$'($"))#*(%'*%
5-:-.,%$",-?%51$",#'*%"*5%-::'$,%':%5-:-.,%.'$$-.,#'*?%"*5%&$-.#+#'*%':%3'."3#@#*(%5-:-.,+8%
>/-%$-+13,%+/'2+%,/",%&"#$%&$'($"))#*(%$-51.-+%,/-%#*,$'51.,#'*%':%*-2%5-:-.,+%2/-*%
,/-%.'5-%*--5+%,'%6-%)'5#:#-5%:'$%5-:-.,%.'$$-.,#'*+%"*5%-*/"*.-)-*,+8%
()*"+&%,#- .% &"#$%&$'($"))#*(?%"(#3-%5-<-3'&)-*,%&$'.-++?%5-:-.,?%+':,2"$-%01"3#,4?%
5-:-.,%.'$$-.,#'*+
#<
/&"0).+1.2+3$)3$#
.
4563$%+,7'$8+355555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555554
A8A8!$'63-)%+,",-)-*,88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888A
A8M8N#)+%"*5%'6D-.,#<-+88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888M
A8O8P-+-"$./%01-+,#'*+8888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888M
A8B8Q-,/'5'3'(48888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888M
A8R891,3#*-88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888O
95:&';<%+73,.&3,.=)0&$),.>+%;55555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555?
M8A8N(#3-%+':,2"$-%5-<-3'&)-*,88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888B
M8A8A8SH,$-)-%!$'($"))#*(88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888R
M8A8M8!"#$%!$'($"))#*(888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888T
M8M8S)&#$#."3%+,154%#*%+':,2"$-%-*(#*--$#*(8888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888T
M8O8P-+-"$./%'*%!"#$%!$'($"))#*(888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888J
@5=)#)&%'A.B)$A+,+0+<*5555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555554?
O8A89<-$<#-288888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888AB
O8M8U'"3CV1-+,#'*CQ-,$#.+88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888AB
O8M8A8>/-%UVQ%,-)&3",-%:'$%('"3%5-:#*#,#'*88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888AB
O8M8M8N&&3#.",#'*%':%,/-%UVQ%,-)&3",-888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888AR
O8O8W-+#(*%':%,/-%+,15488888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888MA
O8O8A8X4&',/-+-+888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888MM
O8B8W","%.'33-.,#'*888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888MO
O8R8>/-%+")&3-88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888MR
O8G8W","%"*"34+#+%"*5%#*,-$&$-,",#'*888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888MG
O8T8P-+-"$./%.'*,-H,888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888MJ
?5!3&0*#8#.+1.$A).8CD&'$.+1.D&8%.D%+<%&CC83<5555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555559E
B8A8Y,$1.,1$-%':%,/-%+")&3-88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888ML
B8A8A8>/-%")'1*,%':%&"#$%&$'($"))#*(8888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888ML
B8A8M8>"+7+%1*5-$%.'*+#5-$",#'*+88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888OZ
B8M8F)&".,%'*%01"3#,4%8888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888OM
B8M8A8N*"34+#+%':%.'$$-3",#'*+8888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888OM
B8M8M8N*"34+#+%':%,/-%5#::-$-*.-+[%5-:-.,%5-*+#,488888888888888888888888888888888888888888888888888888888888888888888888888888888888888888OM
B8O8F)&".,%'*%5-:-.,%.'$$-.,#'*+88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888OL
B8O8A8N*"34+#+%':%.'$$-3",#'*+8888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888OL
B8O8M8N*"34+#+%':%,/-%5#::-$-*.-+888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888BZ
F5G7CC&%*.+1.$A).%)#70$#55555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555FH
R8A8S::-.,+%':%&"#$%&$'($"))#*(%'*%01"3#,4888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888RZ
R8M8S::-.,%':%&"#$%&$'($"))#*(%'*%-::#.#-*.4%':%5-:-.,%.'$$-.,#'*+88888888888888888888888888888888888888888888888888888888888888888RM
R8O8>/-%*'*C&"$")-,$#.%,-+,+%':%5#::-$-*.-+888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888RB
R8B8>/$-",+%,'%<"3#5#,48888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888RB
R8B8A8\'*+,$1.,%<"3#5#,488888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888RB
R8B8M8F*,-$*"3%<"3#5#,488888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888RR
R8B8O8SH,-$*"3%<"3#5#,48888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888RR
I52+3'07#8+3#.&3,.17%$A)%.J+%;55555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555FI
:8"08+<%&DA*5555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555FK
<
!"#$%&'(&)*+,$->"63-%M8A[%\')&"$#+'*%':%$-+-"$./%+,$",-(#-+88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888J
>"63-%M8M[%S::-.,%+#@-%-+,#)",-+%':%+4+,-)%.')&3-H#,4888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888L
>"63-%M8O[%Q-,"C"*"34+#+%':%!!%-::-.,888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888AZ
>"63-%M8B[%!!%1+"(-%2/-*%*-2.')-$+%D'#*%,/-%5-<-3'&)-*,%,-")888888888888888888888888888888888888888888888888888888888888888888888888888888888888AA
>"63-%M8R[%SH#+,#*(%-)&#$#."3%+,15#-+%#*%&"#$%&$'($"))#*(%8888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888AO
>"63-%O8A[%>/-%)-,$#.+%:'$%"*"34@#*(%,/-%#)&".,%':%&"#$%&$'($"))#*(888888888888888888888888888888888888888888888888888888888888888888888888888888AJ
>"63-%O8M[%\'*,-H,%<"$#"63-+88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888MA
>"63-%O8O[%W","%+'1$.-+888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888MB
>"63-%B8A[%Y1))"$4%':%5","%./"$".,-$#+,#.+888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888ML
>"63-%B8M[%Y1))"$4%':%2'$7#,-)C%)-,/'5+%)"&&#*(88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888OA
>"63-%B8O[%%Y1))"$4%':%K!!%"*5%5-:-.,%5-*+#,4888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888OM
>"63-%B8B[%\'$$-3",#'*+%6-,2--*%K!!%"*5%5-:-.,%5-*+#,488888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888OM
>"63-%B8R[%W-+.$#&,#<-%+,",#+,#.%':%5-:-.,%5-*+#,4%]."+-%VA^88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888OO
>"63-%B8G[%,C,-+,%':%5-:-.,%5-*+#,4%]."+-%VA^88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888OB
>"63-%B8T[%W-+.$#&,#<-%+,",#+,#.%':%5-:-.,%5-*+#,4%]."+-%VM^88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888OR
>"63-%B8J[%,C,-+,%':%5-:-.,%5-*+#,4%]."+-%VM^88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888OR
>"63-%B8L[%W-+.$#&,#<-%+,",#+,#.%':%5-:-.,%5-*+#,4%]."+-%VO^88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888OG
>"63-%B8AZ[%,C,-+,%':%5-:-.,%5-*+#,4%]."+-%VO^888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888OG
>"63-%B8AA[%W-+.$#&,#<-%+,",#+,#.%':%5-:-.,%5-*+#,4%]."+-%VB^888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888OT
>"63-%B8AM[%,C,-+,%':%5-:-.,%5-*+#,4%]."+-%VB^888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888OT
>"63-%B8AO[%W-+.$#&,#<-%+,",#+,#.%':%5-:-.,%5-*+#,4%]."+-%VR^888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888OJ
>"63-%B8AB[%,C,-+,%':%5-:-.,%5-*+#,4%'*%."+-%VR8888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888OL
>"63-%B8AR[%Y1))"$4%':%)-"+1$-+%':%!!%"*5%)-"+1$-+%':%-::#.#-*.488888888888888888888888888888888888888888888888888888888888888888888888888888888OL
>"63-%B8AG[%\'$$-3",#'*%6-,2--*%)-"+1$-+%':%!!%"*5%)-"+1$-+%':%-::#.#-*.48888888888888888888888888888888888888888888888888888888888888888888BZ
>"63-%B8AT[%W-+.$#&,#<-%+,",#+,#.%':%5-:-.,%.'$$-.,#'*%51$",#'*%]."+-%VG^88888888888888888888888888888888888888888888888888888888888888888888888888BA
>"63-%B8AJ[%,C,-+,%':%5-:-.,%.'$$-.,#'*%51$",#'*%]."+-%VG^88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888BA
>"63-%B8AL[%W-+.$#&,#<-%+,",#+,#.%':%5-:-.,%.'$$-.,#'*%-::'$,%]."+-%VT^8888888888888888888888888888888888888888888888888888888888888888888888888888888BM
>"63-%B8MZ[%,C,-+,%':%5-:-.,%.'$$-.,#'*%-::'$,%]."+-%VT^888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888BM
>"63-%B8MA[%W-+.$#&,#<-%+,",#+,#.%':%5-:-.,%.'$$-.,#'*%-::'$,%]."+-%VJ^8888888888888888888888888888888888888888888888888888888888888888888888888888888BO
>"63-%B8MM[%,C,-+,%':%5-:-.,%3'."3#@",#'*%-::'$,%]."+-%VJ^8888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888BO
>"63-%B8MO[%W-+.$#&,#<-%+,",#+,#.%':%5-:-.,%.'$$-.,#'*%-::'$,%]."+-%VL^8888888888888888888888888888888888888888888888888888888888888888888888888888888BB
>"63-%B8MB[%,C,-+,%':%5-:-.,%.'$$-.,#'*%-::'$,%]."+-%VL^888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888BB
>"63-%B8MR[%W-+.$#&,#<-%+,",#+,#.%':%%)'5#:#.",#'*%-::'$,%]."+-%VAZ^8888888888888888888888888888888888888888888888888888888888888888888888888888888888BR
>"63-%B8MG[%,C,-+,%':%5-:-.,%.'$$-.,#'*%-::'$,%]."+-%VAZ^8888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888BR
>"63-%B8MT[%W-+.$#&,#<-%+,",#+,#.%':%)'5#:#.",#'*%-::'$,%]."+-%VAA^88888888888888888888888888888888888888888888888888888888888888888888888888888888888BG
>"63-%B8MJ[%,C,-+,%':%5-:-.,%.'$$-.,#'*%-::'$,%]."+-%VAA^8888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888BG
>"63-%B8ML[%W-+.$#&,#<-%+,",#+,#.%':%%)'5#:#.",#'*%-::'$,%]."+-%VAM^8888888888888888888888888888888888888888888888888888888888888888888888888888888888BT
>"63-%B8OZ[%,C,-+,%':%5-:-.,%3'."3#@",#'*%-::'$,%]."+-%VAM^88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888BT
>"63-%B8OA[%W-+.$#&,#<-%+,",#+,#.%':%5-:-.,%3'."3#@",#'*%-::'$,%]."+-%VAO^88888888888888888888888888888888888888888888888888888888888888888888888888BJ
>"63-%B8OM[%,C,-+,%':%5-:-.,%3'."3#@#*(%-::'$,%]."+-%VAO^88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888BJ
>"63-%B8OO[%W-+.$#&,#<-%+,",#+,#.%':%&$-.#+#'*%':%3'."3#@#*(%5-:-.,+%]."+-%VAB^888888888888888888888888888888888888888888888888888888888888888888BL
>"63-%B8OB[%,C,-+,%':%,/-%&$-.#+#'*%':%5-:-.,%3'."3#@",#'*%]."+-%VAB^8888888888888888888888888888888888888888888888888888888888888888888888888888888888BL
>"63-%R8A[%>/-%$-+13,+%':%*'*C&"$")-,$#.%,-+,+%':%5#::-$-*.-+%#*%01"3#,4%)-"+1$-+888888888888888888888888888888888888888888888888888888888888RB
>"63-%R8M[%>/-%$-+13,+%':%*'*C&"$")-,$#.%,-+,+%':%5#::-$-*.-+%#*%-::#.#-*.4%':%5-:-.,%.'$$-.,#'*+8888888888888888888888888888888888888RB
<#
!"#$%&'(&./012$-_#(1$-%M8A%`#:-%.4.3-%':%,/-%a!%&$'.-++8888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888R
_#(1$-%O8A%>/-%:$")-2'$7%%,'%-<"31",-%%!!%-::-.,+%'*%01"3#,48888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888AL
_#(1$-%O8M%%>/-%:$")-2'$7%%,'%-<"31",-%%!!%-::-.,+%'*%-::#.#-*.4%':%5-:-.,%.'$$-.,#'*+8888888888888888888888888888888888888888888888888888MZ
_#(1$-%B8A%W#+,$#61,#'*%':%&"#$%&$'($")#*(%&-$.-*,"(-%:'$%,/-%)-,/'5+8888888888888888888888888888888888888888888888888888888888888888888888888888OZ
_#(1$-%B8M%b'H%&3',%':%K!!%"*5%5-:-.,%5-*+#,4%]."+-%VA^8888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888OO
_#(1$-%B8O%b'H%&3',%':%K!!%"*5%5-:-.,%5-*+#,4%]."+-%VM^8888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888OB
_#(1$-%B8B%b'H%&3',%':%K!!%"*5%5-:-.,%5-*+#,4%'*%]."+-%VO^88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888OR
_#(1$-%B8R%b'H%&3',%':%K!!%"*5%5-:-.,%5-*+#,4%]."+-%VB^8888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888OT
_#(1$-%B8G%b'H%&3',%':%K!!%"*5%5-:-.,%5-*+#,4%]."+-%VR^8888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888OJ
_#(1$-%B8T%b'H%&3',%':%KQ!!%"*5%5-:-.,%.'$$-.,#'*%51$",#'*%]."+-%VG^888888888888888888888888888888888888888888888888888888888888888888888888888BZ
_#(1$-%B8J%b'H%&3',%':%KQ!!%"*5%5-:-.,%.'$$-.,#'*%-::'$,%%]."+-%VT^888888888888888888888888888888888888888888888888888888888888888888888888888888BA
_#(1$-%B8L%b'H%&3',%':%KQ!!%"*5%5-:-.,%3'."3#@",#'*%-::'$,%]."+-%VJ^88888888888888888888888888888888888888888888888888888888888888888888888888888BM
_#(1$-%B8AZ%b'H%&3',%':%5-:-.,%.'$$-.,#'*%"&&$'"./%"*5%.'$$-.,#'*%-::'$,%]."+-%VL^888888888888888888888888888888888888888888888888888888888BO
_#(1$-%B8AA%b'H%&3',%':%K!!%&$#'$%,'%,/-%5-:-.,%5-,-.,#'*%"*5%)'5#:#.",#'*%-::'$,%]."+-%VAZ^8888888888888888888888888888888888888888BB
_#(1$-%B8AM%b'H%&3',%':%K!!%51$#*(%,/-%5-:-.,%.'$$-.,#'*%"*5%)'5#:#.",#'*%-::'$,%]."+-%VAA^8888888888888888888888888888888888888888BR
_#(1$-%B8AO%b'H%&3',%':%K!!%&$#'$%,'%,/-%5-:-.,%5-,-.,#'*%"*5%)'5#:#.",#'*%-::'$,%]."+-%VAM^8888888888888888888888888888888888888888BG
_#(1$-%B8AB%b'H%&3',%':%K!!%&$#'$%,'%,/-%5-:-.,%5-,-.,#'*%"*5%3'."3#@",#'*%-::'$,%%]."+-%VAO^88888888888888888888888888888888888888888BT
_#(1$-%B8AR%b'H%&3',%':%5-:-.,%.'$$-.,#'*%"&&$'"./%"*5%&$-.#+#'*%':%3'."3#@#*(%5-:-.,+%]."+-%VAB^888888888888888888888888888888888BJ
_#(1$-%R8A%>/-%-<"31",#'*%':%!!%-::-.,%'*%01"3#,488888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888RA
_#(1$-%R8M%>/-%-<"31",#'*%':%!!%-::-.,%'*%-::#.#-*.4%':%5-:-.,%.'$$-.,#'*+88888888888888888888888888888888888888888888888888888888888888888888888RO
<##
!"(-%A%
45 63$%+,7'$8+3
W-<-3'&#*(%+':,2"$-%#+%/"$5%"*5%,/-$-%#+%*'%+#3<-$%6133-,%,'%"./#-<-%+",#+:4#*(%01"3#,4%cb$''7+%"*5%_$-5-$#.7?
ALJTd8%F,%/"+%6--*%)'$-%,/"*%,2'%5-."5-+%,/",%b$''7%.3"#)-5%,/#+%+,",-)-*,%"*5%#,%#+%+,#33%<"3#58%>/#+%.3"#)%/"+%
6--*%.#,-5%64%,/'1+"*5+%':%$-+-"$./%&"&-$+?%$-<-"3#*(%,/",%2-%"$-%+,#33%#*%"%+-"$./%':%6-,,-$%"&&$'"./-+%,'%5-<-3'&%
+':,2"$-8
b$''7%5-+.$#6-5%(-*-$"3%./"$".,-$#+,#.+%':%+':,2"$-%,/",%."1+-%5#::#.13,#-+%#*%+':,2"$-%&$'D-.,+8%Y1./%#++1-+%'..1$%
",%6',/%5-<-3'&)-*,%"*5%)"*"(-)-*,%3-<-3+8%_$')%)"*"(-)-*,%&-$+&-.,#<-?%#,%3-"5+%,'%&$'D-.,%:"#31$-?%+./-513-%
"*5 %615(-, %'<-$$1*? %"*5 % :3"2-5 %&$'51.,+8 %_$') %5-<-3'&)-*, %&'#*, %': %<#-2? % +':,2"$- %.')&3-H#,4 % 3-"5+ % ,'%
)"#*,-*"*.-%&$'63-)+?%5-:-.,+?%"*5%01"3#,4%#++1-+8
Y':,2"$-%5-:-.,+%"$-%#*-<#,"63-%"*5%,/-4%$-+13,%#*%+':,2"$-%:"#31$-8%>'%6-%5-:-.,C:$--?%+':,2"$-%/"+%,'%6-%,-+,-5%
2#,/%"33%&'++#63-%#*&1,+%'<-$%"33%&'++#63-%-*<#$'*)-*,+8%>/#+%#+%#)&$".,#."3%51-%,'%'1$%3#)#,-5%$-+'1$.-+?%615(-,%
"*5%,#)-8%Q'$-'<-$?%#,%#+%)1./%)'$-%-H&-*+#<-%,'%:#*5%"*5%:#H%+':,2"$-%&$'63-)+%3",-%#*%5-<-3'&)-*,%&$'.-++%
cb'-/)%"*5%b"+#3#?%MZZAd8%
N,,-)&,+%,'%:#(/,%5-:-.,+%$-+13,%#*%)"*4%"&&$'"./-+%,'%5-:-.,%5-,-.,#'*%]-8(8%63".7C6'H%"*5%2/#,-C6'H%,-+,#*(?%
"1,')",-5%,-+,#*(?%.'5-%#*+&-.,#'*?%,-+,%:#$+,^?%"*5%5-:-.,%&$-<-*,#'*%]-8(8%.3-"*$'')?%&-$+'*"3%+':,2"$-%&$'.-++^8%
Q"#*%&1$&'+-%':%,/-+-%,-./*#01-+%#+%,'%"<'#5%"*%#*,$'51.,#'*%':%5-:-.,+?%'$%5#+.'<-$%,/-)%-"$3#-$%"*5%:#H%3-++%
-H&-*+#<-348 %!"#$%&$'($"))#*(%#+%.3"#)-5%,'%6-%'*-%':%,/-%+'31,#'*+%,'%,/#+%&1$&'+-8%>/#+%#+%.'*:#$)-5%64%"%
*1)6-$%':%-)&#$#."3%+,15#-+cW46"%-,%"38?%MZZT%?%X1377'%"*5%N6$"/")++'*?%MZZRd8%%%
!"#$%&$'($"))#*(%#+%"%&$".,#.-%#*%2/#./%,2'%&$'($"))-$+%2'$7%.'33"6'$",#<-34%",%,/-%+")-%.')&1,-$%'*%,/-%
+")-%,"+7%cI#33#")+%"*5%e-++3-$?%MZZO% ? %I#33#")+%"*5%e-++3-$%MZZZ"d8%9*-%)-)6-$%':%"%&"#$%#+%,/-%;5$#<-$=?%
2/'%#+%#*%./"$(-5%':%2$#,#*(%,/-%.'5-8%>/-%',/-$%&3"4+%,/-%$'3-%':%;*"<#(",'$=?%,"7#*(%)'$-%+,$",-(#.%,"+7+?%+1./%
"+%$-<#-2#*(%.'5-?%+-"$./#*(%:'$%,".,#."3%-$$'$?%,/#*7#*(%"6'1,%'<-$"33%"$./#,-.,1$-?% %:#*5#*(%6-,,-$%"3,-$*",#<-+?%
"*5%6-#*(%$-"54%:'$%6$"#*+,'$)#*(8
Q"*4 % 6-*-:#,+ % ': % &"#$ % &$'($"))#*( % /"<- % 6--* % &1$&'+-5 % cI#33#")+ % "*5 % e-++3-$? % MZZO% ? %X1377' % "*5
N6$"/")++'*?%MZZR%?%b-(-3%"*5%f"("&&"*?%MZZJ%?%I#33#")+%-,%"38?%MZZZ%?%I#33#")+%"*5%e-++3-$%MZZZ"?%I#33#")+%
"*5%e-++3-$%MZZZ6%? %Y1..#%-,%"38?%MZZMd8%>/-%)"#*%.3"#)-5%6-*-:#,+%.'*+#+,%'*%$-51.#*(%5-:-.,%$",-?%#)&$'<#*(%
01"3#,4%':%.'5-?%#*.$-"+#*(%&$'51.,#<#,4? %+/'$,-*#*(%,#)-C,'C)"$7-,?%-*/"*.#*(%7*'23-5(-%,$"*+:-$?%#*.$-"+#*(%
D'6%+",#+:".,#'*?%"*5%:".#3#,",#*(%#*,-($",#'*%':%*-2.')-$+8%X'2-<-$?%&"#$%&$'($"))#*(%/"+%6--*%.$#,#.#@-5%"6'1,%
#,+%.'+,%-::#.#-*.48
>/-%01-+,#'*%#+%2/4%&"#$%&$'($"))#*(%#+%.'*+#5-$-5%,'%6-%)'$-%-::-.,#<-%,/"*%#*5#<#51"3%&$'($"))#*(8%>/-%
)-./"*#+)+%':%+1..-++:13%&"#$%&$'($"))#*(%."*%6-%"*%"*+2-$%,'%,/#+%01-+,#'*%cI$"4?%MZAZd8%!"#$%./",%"33'2%
&$'($"))-$+ %,'%.'*,#*1'1+34%-H&3"#*%&$'63-)+%"3'15?%5#+.1++?%"*5%:#*5%"*+2-$+ %,'%+,$",-(#.%01-+,#'*+8%>/#+%
&$'.-++%5$"2+%:'$.-%,/-%.$1.#"3%7*'23-5(-%"*5%.'*+-01-*,34%$-+13,+%#*%"%6-,,-$%+'31,#'*8%!"#$%"3+'%+&',+%)'$-%
-$$'$%':%5#::-$-*,%,4&-+%-"$34%,/"*%#*5#<#51"38%N3,/'1(/%:'.1+#*(%'*%,/-%+")-%&#-.-+%':%.'5-?%&"#$%)#(/,%*',#.-%
5#::-$-*, % ,/#*(+? % 5-&-*5+ %'* % ,/-#$ % '6D-.,#<-+ % "*5 %6".7($'1*5 %7*'23-5(-8 %Q'$-'<-$? % &"#$ %&$-++1$- %/-3&+ % ,'%
-3#)#*",-%&''$%&$".,#.-+%"*5%+*'66#+/%2'$78%N55#,#'*"334?%64%.'*,#*1'1+34%2'$7#*(%,'(-,/-$%"*5%+2#,./#*(%&"#$?%
,/-% ,-")%3-"$* %2/'% #+ % ,/- %)'+, %7*'23-5(-"63- % #* %" %&"$,#.13"$ % :#-358 %I-%."* % ,/1+ %-H&-., % ,/-%)'$- %&$-.#+-%
-+,#)",#'* % ,/"* % +'3' % ,-")+8 %N+ % ,/#+ %)-./"*#+)+ % "$- % .'*,#*1'1+34 % ,$#((-$-5? % &"#$ % &$'($"))#*( % +/'135 % 6-%
-::-.,#<-%"*5%&$'51.,#<-8%
4545 L%+"0)C.#$&$)C)3$F, %"&&-"$+ % ,/", % ,/-$-%"$-%3#)#,-5%+,15#-+%"6'1,%&"#$%&$'($"))#*(%.'*51.,-5%#*%#*51+,$#"3 %.'*,-H,%cb-(-3 %"*5
f"("&&"*?%MZZJd8%U$-",%")'1*,%':%$-+-"$./%'*%&"#$%&$'($"))#*(%/"+%6--*%5'*-%#*%-51.",#'*"3%+-,,#*(+8%>/-#$%
:#*5#*(? % ,/1+? %."**', %"32"4+ %6- %(-*-$"3#@-5 % ,' % #*51+,$#"3 % +-,,#*(+8 %Q'$-'<-$? % $-+13,+ % :$')%-)&#$#."3 % +,15#-+%
.'*,"#*%.'*,$"5#.,#'*+%$-("$5#*(%,/-%-<"31",#'*%':%,/-%.3"#)+%':%&"#$%&$'($"))#*(%cU"33#+%-,%"38?%MZZO%?%X1377'
"*5%N6$"/")++'*?%MZZRd8%
!"(-%M%
F*%,/#+%$-+-"$./?%2-%2"*,%,'%#*<-+,#(",-%-::-.,+%':%&"#$%&$'($"))#*(%'*%+':,2"$-%5-:-.,+%"*5%-::#.#-*.4%':%5-:-., %
.'$$-.,#'*%".,#<#,#-+8%>/-%:#*5#*(+%':%,/#+%,/-+#+%2#33%6-%"*',/-$%&#-.-%':%.'*.$-,-%-<#5-*.-+%':%#)&".,%':%&"#$%
&$'($"))#*(%#*%$-"3%+':,2"$-%5-<-3'&)-*,%&$'D-.,8
4595 !8C#.&3,.+"M)'$8N)#>/-%)"#*%('"3%':%,/#+%,/-+#+%#+%,'%1*5-$+,"*5%,/-%-::-.,+%':%&"#$%&$'($"))#*(%'*%01"3#,4%"*5%-::#.#-*.4%':%5-:-.,%
.'$$-.,#'*8%>/-$-%#+%"*%'*('#*(%.'*,$'<-$+4%'*%,/-%$-"3%<"31-+%':%&"#$%&$'($"))#*(8%91$%:#*5#*(+%2#33%#*.$-"+-%
,/-%-<#5-*.-%6"+-%':%&"#$%&$'($"))#*(%#*%"%.')&"*4%2/#./%#+%#*+1::#.#-*,%",%,/-%)')-*,8
>'%"./#-<-%,/-%('"3?%2-%-<"31",-%&-$:'$)"*.-%':%&"#$%&$'($"))#*(%'*%,/-%:'33'2#*(%"+&-.,+8
! !"#$%&$'($"))#*(%:'$%5-:-.,%&$-<-*,#'*
! !"#$%&$'($"))#*(%:'$%5-:-.,%3'."3#@",#'*
! !"#$%&$'($"))#*(%:'$%5-:-.,%.'$$-.,#'*
45@5 =)#)&%'A.O7)#$8+3#>/-$-%"$-%,2'%)"#*%$-+-"$./%01-+,#'*+%,'%6-%"55$-++-5%#*%,/#+%,/-+#+8
! W'-+%&"#$%&$'($"))#*(%/"<-%"%&'+#,#<-%#)&".,%'*%,/-%01"3#,4%':%,/-%&$'51.-5%.'5-g
! W'-+%&"#$%&$'($"))#*(%/"<-%"%&'+#,#<-%#)&".,%'*%,/-%-::#.#-*.4%':%5-:-.,%.'$$-.,#'*%".,#<#,4g
>'%1*5-$+,"*5%%,/-%-::-.,%':%&"#$%&$'($"))#*(%'*%!"#$%&'?%2-%"*"34@-%,/-%5-:-.,%$",-+%':%)-,/'5+%#*%5#::-$-*,%
+,"(-+%':%%5-<-3'&)-*,%.4.3-+8%I-%:'$)13",-%+-<-$"3%*133%/4&',/-+-+%:'$%-"./%."+-%':%.'*+#5-$",#'*+8
! !"#$%&$'($"))#*(%/"+%*'%#)&".,%'*%5-:-.,%5-*+#,48
! !"#$%&$'($"))#*(%5'-+%*',%&$-<-*,%,/-%#*,$'51.,#'*%':%*-2%5-:-.,+%2/-*%5-<-3'&-$+%)'5#:#-+%,/-%+'1$.-%.'5-8
>'%1*5-$+,"*5%,/-%-::-.,%':%&"#$%&$'($"))#*(%'*%())%*%(+*',-),.()(*&,*-//(*&%-+?%2-%.'*+#5-$%#,+%-::-.,%'*%,#)-?%
-::'$,?%"*5%&$-.#+#'*%':%3'."3#@#*(%5-:-.,+8%>/-%:'33'2#*(%*133%/4&',/-+-+%+/"33%6-%-<"31",-5[
! !"#$%&$'($"))#*(%5'-+%*',%$-51.-%,/-%,#)-%+&"*%,'%.'$$-.,%5-:-.,+8
! !"#$%&$'($"))#*(%5'-+%*',%$-51.-%,/-%-::'$,%$-01#$-5%:'$%5-:-.,%3'."3#@",#'*%"*5%+'1$.-%.'5-%)'5#:#.",#'*8%
! !"#$%&$'($"))#*(%5'-+%*',%#*.$-"+-%&$-.#+#'*%':%3'."3#@#*(%5-:-.,+8
45?5 B)$A+,+0+<*>/#+%,/-+#+%-)&3'4-5%"%01"*,#,",#<-%."+-%+,154%,'%1*5-$+,"*5%,/-%#)&".,+%':%&"#$%&$'($"))#*(%'*%01"3#,4%"*5%
-::#.#-*.4%':%5-:-.,%.'$$-.,#'*8%h+#*(%."+-%+,154%#+%"&&$'&$#",-%2/-*%$-+-"$./-$+%/"<-%"%3'2%.'*,$'3%'<-$%,/-%
+16D-.,+%"*5%-*<#$'*)-*,%cI'/3#*%"*5%P1*-+'*?%MZZZd8%Q"#*%5","%,'%,/-%"*"34+#+%2"+%.'33-.,-5%:$')%"*%N(#3-%
+':,2"$-%5-<-3'&)-*,%,-")%':%"%3"$(-%'$("*#@",#'*8%>/-%5","%.'33-.,#'*%.'<-$-5%"%&-$#'5%':%"&&$'H#)",-34%AO%
)'*,/+?%&$'<#5#*(%+1::#.#-*,%-<#5-*.-+%,'%"*+2-$%,/-%$-+-"$./%01-+,#'*8
I-%1+-%"*%#*.$-)-*,"3%"&&$'"./%%#*%,/#+%+,154%,'%.'&-%2#,/%,/-%1*.-$,"#*,4%':%-)&#$#."3%$-+-"$./8%%X'2-<-$?%,'%
&$'<#5-%"%6#(%&#.,1$-%':%,/-%$-+-"$./%"&&$'"./?%2-%5#<#5-%#,%#*,'%:#<-%;3'(#."3=%&/"+-+[% %-H&3'$",#'*?%&3"**#*(?%
5","%.'33-.,#'*?%5","%&$-&"$",#'*?%"*5%5","%"*"34+#+8%>/-%('"3%':%,/-%#*#,#"3%-H&3'$",#'*%&/"+-%#+%,'%(-,%:")#3#"$%
2#,/%,/-%$-+-"$./%"&&$'"./?%,/-'$#-+?%,-./*#01-+%,'%5","%.'33-.,#'*%"*5%5","%"*"34+#+?%"*5%,/-%5","%+'1$.-8%F*%,/-%
&3"**#*( % &/"+- %2- % &$-&"$- % ,/- % 5-,"#3-5 % 5-+#(* % ': % ,/- % ."+- % +,154? % :'$)13",- % *133 % /4&',/-+-+ % "*5 % #5-*,#:4%
)-"+1$-+8%F*%,/-%5","%.'33-.,#'*%&/"+-?%2-%,-+,%"*5%+-3-.,%"*%"&&$'"./%,'%"++'.#",-5%5-:-.,+%2#,/%)-,/'5+%#*%
.3"++-+%,/",%2-$-%)'5#:#-5%51$#*(%,/-%5-:-.,%.'$$-.,#'*+8%>/-%$-01#$-5%5","%.'33-.,-5%:$')%+-<-$"3%+'1$.-+%"$-%
!"(-%O%
+'$,%'1,%"*5%+4*./$'*#@-58%>/-%5","%&$-&"$",#'*%&/"+-%5-"3+%2#,/%,/-%&$-&"$",#'*%':%,/-%5","+-,+%:'$%/4&',/-+-+%
,-+,#*(8%_#*"334?%#*%,/-%5","%"*"34+#+%&/"+-?%+-<-$"3%+,",#+,#.%)'5-3+%"$-%-<"31",-5%,'%5$"2%<"3#5%.'*.31+#'*+%:$')%
,/-%+")&3-+8
W1$#*(%,/-%5","%"*"34+#+?%,2'%.3"++-+%':%+,",#+,#."3%)-,/'5+%2-$-%-H-$.#+-5%:'$%/4&',/-+-+%,-+,#*(8%I-%"&&3#-+%
&"$")-,$#.%,-+,%6"+-5%'*%+1((-+,#'*%':%cb$#"*5%-,%"38?%ALLGd8%>/-%.'$$-3",#'*%,-+,%2"+%1+-5%,'%&-$:'$)%"*%#*#,#"3%
+-"$./%:'$%&'++#63-%$-3",#'*+/#&%")'*(%",,$#61,-+%#*%5","+-,+8%>/-%.'$$-3",#'*%.'-::#.#-*,%)-"+1$-+%,/-%5#$-.,#'*%
"*5%,/-%+,$-*(,/%':%$-3",#'*+/#&%6-,2--*%,2'%01"*,#,",#<-%<"$#"63-+8%N55#,#'*"334?%,/-%)-"+1$-%':%5#::-$-*.-%:'$%
,2' % +")&3-+ %2"+ % "&&3#-5 % ,' % 5-,-$)#*- % ,/- %)#*#)1)% ,/$-+/'35 % ,/", % &"#$ % &$'($")#*( % +#(*#:#."*,34 % #)&".,+%
5-&-*5-*,%<"$#"63-+%#*%,/-%."+-+%':%.'*+#5-$",#'*+8%
45F5 P7$083)>/#+%,/-+#+%#+%'$("*#@-5%#*,'%G%./"&,-$+%[
! 2A&D$)%.4%&$'<#5-+%"*%'<-$<#-2%':%,/-%,/-+#+8%N*%#*,$'51.,#'*%,'%,/-%+16D-.,%':%!"#$%!$'($"))#*(%"*5%,/-%
("&%':%-H#+,#*(%$-+-"$./%#+%5-+.$#6-58%>/-%('"3%':%,/-%,/-+#+?%$-+-"$./%01-+,#'*+%"*5%)-,/'5%"$-%5-:#*-58
! 2A&D$)%.9%&$-+-*,+%,/-%6".7($'1*5?%$-3",-5%2'$7?%"*5%-H#+,#*(%$-+-"$./%'*%!"#$%!$'($"))#*(8
! 2A&D$)%[email protected]+.$#6-+%,/-%$-+-"$./%)-,/'5%"*5%5-+#(*%':%,/-%."+-%+,154%#*.315#*(%$",#'*"3-+%':%1+#*(%,/#+%
"&&$'"./8%>/-%U'"3%V1-+,#'*%Q-,$#.%#+%5-:#*-5%,'%-*+1$-%.3"$#,4%':%,/-%+,1548%>/-%/4&',/-+-+%"*5%<"$#"63-+%
1*5-$%,/-%+,154%"$-%-H&3"#*-5%#*%5-,"#38%N*%"&&$'"./%:'$%5","%.'33-.,#'*%"*5%"*"34+#+%#+%5-+.$#6-58%_#*"334%
,/-%$-+-"$./%.'*,-H,%#+%&$'<#5-58
! 2A&D$)%.? .&$-+-*,+%,/-%:#*5#*(+%':% ,/-%,/-+#+%"*5%$-+13,%':%+,",#+,#."3 %"*"34+#+8 %>/-%#)&3#.",#'*+%':%,/-%
:#*5#*(+%"$-%5#+.1++-58%>/-%<"3#5#,4%':%$-+13,% #*.315#*(%#*,-$*"3 %<"3#5#,4? %.'*+,$1., %<"3#5#,4%"*5%-H,-$*"3%
<"3#5#,4%"$-%'1,3#*-58
! 2A&D$)%.F%5#+.1++-+%,/-%$-+13,%':%,/#+%+,154%"+%.')&"$-5%,'%',/-$%-H#+,#*(%+,15#-+%'*%,/-%+16D-.,8
! 2A&D$)%.I%&$'<#5-+%.'*.31+#'*+%':%,/#+%,/-+#+%"*5%5#$-.,#'*+%:'$%:1,1$-%2'$78
!"(-%B%
95 :&';<%+73,.&3,.=)0&$),.>+%;
9545 !<80).#+1$J&%).,)N)0+DC)3$>/-%:1*5")-*,"3%&1$&'+-%':%"(#3-%)-,/'5'3'(4%#+%,'%/"*53-%,/-%*--5%,'%$-+&'*5%,'%.'*+,"*,%./"*(-+%#*%+':,2"$-%
5-<-3'&)-*,%&$'D-.,8%N(#3-%6"+-+%'*%,/-%#,-$",#<-%"*5%#*.$-)-*,"3%5-<-3'&)-*,%&$'.-++8 %>/-%,-+,-5%2'$7#*(%
+':,2"$-%#+%5-3#<-$-5%01#.734%,/$'1(/%+/'$,%#,-$",#'*+8%>/-%&$'51.,%5-+#(*%#+%-<'3<-5%"+%,/-%&$'D-.,%.'*,#*1-+8%
/A).&<80) .C&381)#$+8 %>/-%"(#3- %)"*#:-+,'%/'*'$ % :'1$ %<"31-+ %': % 3#(/, %2-#(/, % +':,2"$- %5-<-3'&)-*,8 % F, %2"+%
#*,$'51.-5%#*%_-6$1"$4%MZZA%#*%,/-%)--,#*(%,/",%AT%-H&-$,+%':%3#(/,2-#(/,%)-,/'5+%*")#*(%,/-)+-3<-+%!"#$%&'(# $
%((')*+#%"($--5%1&'*%,/-%)'+,%#)&'$,"*,%"+&-.,%':%+':,2"$-%5-<-3'&)-*,%"*5%&163#+/-5%,/-%,)*'-#./0$-01$%&'(# $
20-/3)1#$4#5#(067#*/$cN6$"/")++'*%-,%"38?%MZZMd8$>/-%)"*#:-+,'%+,$-++-+%:'1$%<"31-+%"+%,/-%:'33'2#*([
! 63,8N8,7&0#.&3,.83$)%&'$8+3#%'<-$%&$'.-++-+%"*5%,''3+%
! >+%;83<.#+1$J&%)%'<-$%.')&$-/-*+#<-%5'.1)-*,",#'*%
! 27#$+C)%.'+00&"+%&$8+3%'<-$%.'*,$".,%*-(',#",#'*%
! =)#D+3,83<.$+.'A&3<)%'<-$%:'33'2#*(%"%&3"*%
>/-%<"31-%'*9'5'9:)(.$)*9$'*/#1)+/'0*.$05#1$610+#..#.$)*9$/00(.%-)&/"+#@-+%,/-%$-3",#'*+/#&%")'*(%)-)6-$+%':%
,/-%5-<-3'&)-*,%,-")8%>-")%+&#$#,%"*5%-::-.,#<-%.'))1*#.",#'*%.')&-*+",-%2-33C5-:#*-5%+':,2"$-%&$'.-++%"*5%
&'2-$:13%,''3+8
>/- % <"31- %301;'*& $ .0-/3)1# $ 05#1 $ +0761#"#*.'5# $ 90+:7#*/)/'0* $:'.1+-+ % '* % ,/- % <#,"3 % '6D-.,#<- % ': % ,/-%
5-<-3'&)-*,%,-")%,'%.'*,#*1'1+34%5-3#<-$%2'$7#*(%+':,2"$-8%>/-%2$#,,-*%5'.1)-*,%+/'135%6-%&$'51.-5%'*34%#:%
*-.-++"$48%>/-%5-<-3'&-$+%"$-%-*.'1$"(-5%,'%7--&%,/-%.'5-%+#)&3-?%+,$"#(/,:'$2"$5?%"*5%2-33%.'*+,$1.,-5?%"+%#,%#+%
,/-%&$#)"$4%+'1$.-%':%#*:'$)",#'*8
>/- % <"31- %+:./07#1 $ +0(()<01)/'0* $ 05#1 $ +0*/1)+/ $ *#&0/')/'0* $-H&$-++-+ % ,/", % ,/- % .''&-$",#'* % 6-,2--* % ,/-%
5-<-3'&)-*,%,-")%"*5%,/-%.3#-*,+%#+%)'$-%#)&'$,"*,%,/"*%,/-%+,$#.,%.'*,$".,8%>/-%.'*,$".,%+/'135%$",/-$%(-,%)'$-%
&$-.#+-%"+%,/-%&$'D-.,%.'*,#*1-+%,/"*%6-#*(%<-$4%+&-.#:#.%:$')%,/-%6-(#**#*(8%>/-%,-")%:'.1+-+%'*%5-3#<-$#*(%,/-%
&$'51.,%01#.734?%,/1+%%3-++-*%,/-%$#+7%':%:"#3#*(%,'%$-"./%,/-%.'*,$".,%5-"38
>/-%<"31-%1#.60*9'*&$/0$+")*&#$05#1$-0((03'*&$)$6()*$1*5-$3#*-+%,/-%*--5%,'%$-+&'*5%,'%.'*+,"*,%./"*(-+%#*%,/-%
-*<#$'*)-*,%':%,/-%+':,2"$-%&$'D-.,8%>/-%5-<-3'&)-*,%,-")%"*5%+,"7-/'35-$+%"$-%"1,/'$#@-5%"*5%&$-&"$-5%,'%
&-$:'$)%&'++#63-%"5D1+,)-*,%"$#+#*(%51-%,'%./"*(-+%#*%61+#*-++%.'*,-H,%'$%"5<"*.#*(%7*'23-5(-+8
/A).&<80).D%83'8D0)#5.>2-3<-%&$#*.#&3-+%':%"(#3-%)"*#:-+,'%#+%6"+-5%'*%,/-%"(#3-%<"31-+8%>/-4%'1,3#*-%,/-%2"4%,'%
"./#-<-%,/-%<"31-+8%I-%.'*+#5-$-5%,/-+-%&$#*.#&3-+%<"31"63-%,'%7--&%#*%)#*5%"+%"%(''5%+':,2"$-%-*(#*--$?%,/1+%
2-%3#+,%,/-)%/-$-[%%%
! 91$%/#(/-+,%&$#'$#,4%#+%,'%+",#+:4%,/-%.1+,')-$%,/$'1(/%-"$34%"*5%.'*,#*1'1+%5-3#<-$4%':%<"31"63-%+':,2"$-8%
! I-3.')- % ./"*(#*( % $-01#$-)-*,+? % -<-* % 3",- % #* % 5-<-3'&)-*,8 %N(#3- % &$'.-++-+ % /"$*-++ % ./"*(- % :'$ % ,/-%
.1+,')-$E+%.')&-,#,#<-%"5<"*,"(-8%
! W-3#<-$%2'$7#*(%+':,2"$-%:$-01-*,34?%:$')%"%.'1&3-%':%2--7+%,'%"%.'1&3-%':%)'*,/+?%2#,/%"%&$-:-$-*.-%,'%
,/-%+/'$,-$%,#)-+."3-8%
! b1+#*-++%&-'&3-%"*5%5-<-3'&-$+%)1+,%2'$7%,'(-,/-$%5"#34%,/$'1(/'1,%,/-%&$'D-.,8%
! b1#35%&$'D-.,+%"$'1*5%)',#<",-5%#*5#<#51"3+8%U#<-%,/-)%,/-%-*<#$'*)-*,%"*5%+1&&'$,%,/-4%*--5?%"*5%,$1+,%
,/-)%,'%(-,%,/-%D'6%5'*-8%
! >/-%)'+,%-::#.#-*,%"*5%-::-.,#<-%)-,/'5%':%.'*<-4#*(%#*:'$)",#'*%,'%"*5%2#,/#*%"%5-<-3'&)-*,%,-")%#+%
:".-C,'C:".-%.'*<-$+",#'*8%
!"(-%R%
! I'$7#*(%+':,2"$-%#+%,/-%&$#)"$4%)-"+1$-%':%&$'($-++8%
! N(#3-%&$'.-++-+%&$')',-%+1+,"#*"63-%5-<-3'&)-*,8%>/-%+&'*+'$+?%5-<-3'&-$+?%"*5%1+-$+%+/'135%6-%"63-%,'%
)"#*,"#*%"%.'*+,"*,%&".-%#*5-:#*#,-348%
! \'*,#*1'1+%",,-*,#'*%,'%,-./*#."3%-H.-33-*.-%"*5%(''5%5-+#(*%-*/"*.-+%"(#3#,48%
! Y#)&3#.#,4%C,/-%"$,%':%)"H#)#@#*(%,/-%")'1*,%':%2'$7%*',%5'*-C%#+%-++-*,#"38%
! >/-%6-+,%"$./#,-.,1$-+?%$-01#$-)-*,+?%"*5%5-+#(*+%-)-$(-%:$')%+-3:C'$("*#@#*(%,-")+8%
! N,%$-(13"$%#*,-$<"3+?%,/-%,-")%$-:3-.,+%'*%/'2%,'%6-.')-%)'$-%-::-.,#<-?%,/-*%,1*-+%"*5%"5D1+,+%#,+%6-/"<#'$%
"..'$5#*(348%
/A).&<80) .D%&'$8')#5 .>/-$- % "$- % " %*1)6-$ %': %)-,/'5+ %6-3'*( % #*,' % ,/- % +")- % :")#34 %': % "(#3- %)-,/'5'3'(48%
SH")&3-+ %"$- %SH,$-)- %!$'($"))#*(% ]a!^? %Y.$1)? %_-",1$- %W$#<-* %W-<-3'&)-*, % ]_WW^? %W4*")#. %Y4+,-)+%
W-<-3'&)-*,%Q-,/'5%]WYWQ^?%N5"&,#<-%Y':,2"$-%W-<-3'&)-*,%]NYW^?%\$4+,"3%_")#34%':%Q-,/'5'3'(#-+?%"*%
"(#3-%#*,-$&$-,",#'*%':%,/-%P",#'*"3%h*#:#-5%!$'.-++%]NPh!^8
954545 QR$%)C).L%+<%&CC83<
SH,$-)-%&$'($"))#*(%]a!^%2"+%5-<-3'&-5%,'%+'3<-%.$#,#."3%&$'63-)+%':%,/-%,$"5#,#'*"3%5-<-3'&)-*,%&$'.-++8%%F,%
#+%,/-%3#(/,2-#(/,%)-,/'5'3'(4%2#,/%"%.'33-.,#'*%':%(''5%+':,2"$-%5-<-3'&)-*,%&$".,#.-+cb-.7?%ALLLd8%F*%a!%
&$'D-.,+? %.'))'*+-*+- %&$".,#.-+ %"$- %-H-$.#+-5 % ,' %-H,$-)-% 3-<-38 %a!%6-*-:#,+ % :$')%"* %-"$34 %"*5%.'*,#*1'1+%
:--56".7%:$')%+/'$,%$-3-"+-+8%F*+,-"5%':%&3"*#*(%-<-$4,/#*(%1&:$'*,?%,/-%#*.$-)-*,"3%&3"*#*(%"&&$'"./%':%a!%
)"7-% #, % :3-H#63-% ,' %-)6$".- %./"*(-+ %"*5%"5D1+, %+./-513-+ % ,' %./"*(#*(%61+#*-++ %-*<#$'*)-*,8 % F,+ %&$#*.#&3-+%
"55$-++%-++-*,#"3%$#+7+%':%+':,2"$-%5-<-3'&)-*,%5-<-3'&)-*,?%:'$%-H")&3-%+./-513-%'<-$$1*?%&$'D-.,%."*.-3-5?%
/#(/%5-:-.,%$",-?%./"*(#*(%61+#*-++%$-01#$-)-*,+?%-,.%cQ"$./-+#%-,%"38?%MZZM%?%Y1..#%"*5%%Q"$./-+#?%MZZZd8
S81).'*'0)#.+1.TL.D%+M)'$#
>/- % 5-<-3'&)-*, % 3#:- % .4.3- % ': % a! % .'*+#+,+ % ': % :#<- % &/"+-+[ % -H&3'$",#'*? % &3"**#*(? % #,-$",#'*+ % ,' % $-3-"+-?%
&$'51.,#'*#@#*(?%)"#*,-*"*.-%"*5%5-",/%cb-.7?%ALLL%?%N6$"/")++'*%-,%"38?%MZZMd8%
U8<7%).954.S81).'*'0).+1.$A).TL.D%+')##
!"(-%G%
W1$#*(. ,/- %)RD0+%&$8+3.DA&#)?%,/-%,-")%61#35+%,$1+,%,'%,/-%.1+,')-$%"*5%:")#3#"$#@-%,/-)+-3<-+%,'%,/-%,''3+?%
,-./*'3'(4? %"*5%61+#*-++%5')"#*%,/-4%2#33%6-%2'$7#*(%2#,/8%>/-%,-./*'3'(4%"*5%"$./#,-.,1$-%,'%6-%1+-5%"$-%
-H&3'$-5? %"*5 % ,/-%&'++#63- %"3,-$*",#<-+ %"$- %.'*+#5-$-5 % ,' %)#,#(",- %" % $#+78 %N, % ,/-% +")-% ,#)-? %-+,#)",#'*%"*5%
-<"31",#'*%&$".,#.-+%"$-%-H-$.#+-5%,'%$"#+-%1&%,-")E+%.'*:#5-*.-8%>/-%-H&3'$",#'*%3"+,+%:-2%2--7+%,'%:-2%)'*,/+%
51-%,'%/'2%:")#3#"$%,/-%,-./*'3'(4%"*5%,/-%5')"#*%#+%:'$%,/-%,-")8
>/-%.1+,')-$+%+-,%&$#'$#,4%"*5%+-3-.,%,/-%)'+,%<"31"63-%+-,%':%+,'$#-+%,'%6-%#)&3-)-*,-5%#*%,/-%L0&383<.DA&#)8%
>/-%-::'$,%"$-%-+,#)",-5%64%5-<-3'&-$+%"*5%,/-%+./-513-%"$-%"($--5%1&'*%:$')%6',/%+#5-+8%>/-%&3"*%+-,%1&%:'$%,/-%
:#$+,%$-3-"+-%+/'135%6-%"$'1*5%,2'%,'%+#H%)'*,/+8%>/-%3'*(-$%&3"*%)#(/,%(-*-$",-%)'$-%$#+78%>/-%&3"*#*(%#,+-3:%
+/'135%,"7-%'*-%'$%,2'%5"4+
>/-%8$)%&$8+3#.$+.%)0)&#).DA&#)..'*+#+,+%':%"%*1)6-$+%':%'*-C%,'%:'1$C%2--7%#,-$",#'*+%6-:'$-%,/-%+4+,-)%('-+%
3#<-8%>/-%:#$+,%#,-$",#'*%&$'51.-+%"%+4+,-)%2#,/%,/-%2/'3-%"$./#,-.,1$-%':%,/-%+4+,-)8%>/#+%#+%5'*-%64%./''+#*(%,/-%
+,'$4%,/",%-*:'$.-+%.$-",#*(%':%%,/-%2/'3-%+4+,-)%+,$1.,1$-?%'$%",%3-"+,%,/-%+7-3-,'*8%>/-%+-3-.,#'*%':%,/-%+,'$#-+%,'%
6-%#)&3-)-*,-5%:'$%+16+-01-*,%#,-$",#'*+%-*,#$-34%5-&-*5+%'*%,/-%.1+,')-$+8%N,%,/-%-*5%':%,/-%3"+,%#,-$",#'*?%,/-%
+4+,-)%#+%$-"54%:'$%&$'51.,#'*8%
F*%,/-%D%+,7'$8+38V83<.DA&#)?%,/-%,-")%&-$:'$)+%-H,$-)-%,-+,%,'%-*+1$-%,/",%,/-%+':,2"$-%#+%$-"54%,'%6-%&1,%#*,'%
&$'51.,#'*8%>/-%#,-$",#'*+%)"4%/"<-%,'%6-%+/'$,-*-5%:'$%01#.7%:--56".78%>/-%*-2%$-01#$-)-*,+%'$%./"*(-+%,/",%
)#(/,%6-%&'+,&'*-5%,'%,/-%*-H,%&/"+-%"$-%5'.1)-*,-58
>/-%*-H, %C&83$)3&3').DA&#) .#+%.'*+#5-$-5%"+%"%*'$)"3%+,",-%':%a!%&$'D-.,+8 %>/-%,-")%/"+%,'%6-%$-"54%,'%
&$'51.- %*-2%:1*.,#'*"3#,#-+? % % #)&3-)-*, %./"*(- % $-01-+,+? % % :#H %61(+? %"*5? % #)&'$,"*,34? %7--& % ,/- %&$'51.,#'*%
$1**#*(8%>/#+%&/"+-%1+1"334%#*<'3<-+%)"*"(#*(%$-+'1$.-+%"*5%#*.'$&'$",#*(%*-2%&-'&3-8
>/-%,)&$A.DA&#)%'..1$+%2/-*%,/-%.1+,')-$+%*'%3'*(-$%/"<-%"*4%*-2%+,'$#-+%,'%#)&3-)-*,8%F,%#+%,/-%,#)-%,/",%,/-%
*-.-++"$4%5'.1)-*,%':%,/-%+4+,-)%2#33%6-%&$'51.-5?%"+%,/-%&$-&"$",#'*%':%&'++#63-%./"*(-+%#*%,/-%:1,1$-8%>/-%
5-",/%+')-,#)-%$-+13,+%:$')%"%6"5%+#,1",#'*?%:'$%#*+,"*.-%1*"..-&,"63-%/#(/%.'+,+%':%./"*(-+?%'$%/#(/%5-:-.,%$",-8
49.TL.D%83'8D0)#
a!%$-3#-+%'*%AM%&$#*.#&3-+%,/",%.$-",-%+4*-$(4%-::-.,%2/-*%.'33"6'$",#*(%,'(-,/-$8
! >/-%&3"**#*(%(")-
! Y)"33%$-3-"+-+
! Q-,"&/'$
! Y#)&3-%5-+#(*
! >-+,#*(
! P-:".,'$#*(
! !"#$%&$'($"))#*(
! \'33-.,#<-%.'5-%'2*-$+/#&
! \'*,#*1'1+%#*,-($",#'*
! BZC/'1$%2--7
! \'5#*(%+,"*5"$5
! 9*%+#5-%.1+,')-$
!"(-%T%
954595 L&8%.L%+<%&CC83<
!"#$%&$'($"))#*(%#+%,/-%&$'($"))#*(%,-./*#01-%,/",%,2'%5-<-3'&-$+%+#,%3#,-$"334%+#5-%64%+#5-?%2'$7#*(%",%,/-%
+")-%&#-.-%':%.'5-?%'*%,/-%+")-%.')&1,-$%cI#33#")+%"*5%e-++3-$?%MZZO%d8%>2'%&$'($"))-$%"$-%2'$7#*(%",%,/-%
5#::-$-*,%3-<-3%':%"6+,$".,#'*8%I/#3-%'*-%&$'($"))-$%."33-5%;5$#<-$=%#+%2$#,#*(%,/-%.'5-?%"*',/-$%&$'($"))-$%
."33-5%;*"<#(",'$=%#+%$-<#-2#*(%,/-%.'5-?%+-"$./#*(%:'$% ,".,#."3 %-$$'$? %:#*5#*(%"*%'&&'$,1*#,4%,'%$-:".,'$ %"*5%
,/#*7#*(%"6'1,%+,$",-(#.%"*5%"$./#,-.,1$"3%#++1-+8%b4%&$".,#.#*(%&"#$%&$'($"))#*(%5-:-.,+%+/'135%6-%:'1*5%"*5%
+'3<-5%#*+,"*,34%51$#*(%,/-%.'5#*(8%
!"#$%&$'($"))#*(%("#*-5 %"%3', %':% #*,-$-+,+%":,-$ % #, %2"+%#*,-($",-5%#*,'%'*-%': % ,/-%7-4%&$".,#.-+ %#*%SH,$-)-%
!$'($"))#*(%]a!^%cb-.7?%ALLLd8%>/#+%&$".,#.-%2'$7+%2-33%2#,/%a!%-*<#$'*)-*,%:'$%)"*4%$-"+'*+8%_#$+,%':%"33%#,%
&$')',-+%.'))1*#.",#'*%"*5% %$"%+&$-"5%':%#*:'$)",#'*%")'*(%,-")%)-)6-$+8%Y-.'*5?%#,%#+%"$(1-5%,'%6-%
)'$-%&$'51.,#<-%,/"*%,/-%2'$7%':%)"*4%#*5#<#51"3+8%>/#$5?%,/-%01"3#,4%':%%$-+13,#*(%.'5-%#+%6-3#-<-5%%,'%6-%)1./%
/#(/-$8 %N55#,#'*"334? % #, % $-51.-+ % ,/- %./"*.-+ %': % #(*'$#*( %+,"*5"$5+ %"*5%.'))#,)-*,+ % ,' % ,/-%2/'3- % ,-")%64%
#*5#<#51"3%+3'&&4%2'$78
!"#$%&$'($"))#*(%#+%.3"#)-5%,'%/"<-%)"*4%6-*-:#,+%"+%:'33'2+[
! W-.$-"+-%5-:-.,%$",-+%#*%+'1$.-%.'5-
! P-51.-%,/-%5-<-3'&)-*,%,#)-i%+/'$,-*%,#)-C,'C)"$7-,
! F)&$'<-%&$'51.,#<#,4
! F*.$-"+-%,/-%01"3#,4%"*5%+,$1.,1$-%"*5%+,"*5"$5%':%+'1$.-%.'5-
! Y&$-"5%.'5-%1*5-$+,"*5#*(
! _".#3#,",-%,$"#*#*(%':%*-2%,-")%)-)6-$+
! F*.$-"+-%#*:'$)",#'*%"*5%7*'23-5(-%,$"*+:-$+
! F*.$-"+-%D'6%+",#+:".,#'*
Y-<-$"3%+7-&,#.#+)%':%&$".,#.#*(%&"#$%&$'($"))#*(%/"<-%6--*%&-$.-#<-5[
! \'+,%-::#.#-*.4%
! !-$+'*"3#,4%.'*:3#.,%':%&"#$+
! W#::-$-*.-+%':%+7#33+%"*5%&$'($"))#*(%+,43-+
9595 QCD8%8'&0.#$7,*.83.#+1$J&%).)3<83))%83<Y':,2"$-%-*(#*--$#*(%#+%5-:#*-5%64%FSSS%"+%;"&&3#.",#'*%':%"%+4+,-)",#.?%5#+.#&3#*-5?%01"*,#:#"63-%"&&$'"./%,'%
5-<-3'&)-*,? % '&-$",#'*? % "*5 %)"#*,-*"*.- % ': % +':,2"$-=8 %>/- %5-:#*#,#'* % #)&3#-+ % ,/- % #)&'$,"*.- %': % +':,2"$-%
&$'.-++ % #* % 5#::-$-*, % &/"+-+ % ': % +':,2"$- % 3#:- % .4.3-8 % F, % *--5+ % ,' % 6- % +4+,-)",#.? % 5#+.#&3#*-5? % "*5? % -++-*,#"334?%
)-"+1$"63-%"&&$'"./%cI'/3#*%-,%"38?%MZZZd8
>'%&-$:'$)%"%$-+-"$./%#*%+':,2"$-%-*(#*--$#*(?%2-%/"<-%,'%1*5-$+,"*5%,/-%)-,/'5+%2/#./%"$-%"<"#3"63-%"*5%,/-#$%
3#)#,",#'*+%c_-*,'*%"*5%%!:3--(-$?%ALLJd8%F*%,/#+%+-.,#'*?%2-%:'.1+%&"$,#.13"$34%'*%,/-%-)&#$#."3%)-,/'5?%"%)'5-3%
#+%&$'&'+-5%"*5%-<"31",-5%,/$'1(/%-)&#$#."3%+,15#-+%+1./%"+%."+-%+,15#-+%'$%-H&-$#)-*,+%cI'/3#*%-,%"38?%MZZZd8%
>/-$-%"$-%,2'%,4&-+%':%$-+-"$./%"&&$'"./-+[%
! W7&08$&$8N) .%)#)&%'A% #+ %1+-5 %:'$ % +,154#*( %+16D-.,+ % #* % ,/-#$ %*",1$"3 %+-,,#*(? % #* %'$5-$ % ,' % #*,-$&$-, %+')-%
&/-*')-*'*?%'$%:#*5%"%$'',%."1+-%':%-<-*,+8%>/-%"*"34+#+%6"+-+%'*%-H&3"*",#'*%&-'&3-%6$#*(%,'%,/-)8%
! W7&3$8$&$8N).%)#)&%'A%#+%.'*.-$*-5%2#,/%01"*,#:4#*(%"%$-3",#'*+/#&%'$%,'%.')&"$-%+')-%",,$#61,-+%")'*(%
($'1&+?%2#,/%"*%"#)%,'%:#*5%"%."1+-%"*5%-::-.,%$-3",#'*8%>/#+%$-+-"$./%#+%.'*51.,-5%,/$'1(/%"%.'*,$'33-5%
!"(-%J%
-H&-$#)-*,%'$%"%."+-%+,1548
>/-$-%"$-%,/$--%)"D'$%,4&-+%':%-)&#$#."3%+,$",-(#-+%cI'/3#*%-,%"38?%MZZZd[
! G7%N)*8%N%+1$<-4%#+%':,-*%1+-5%2/-*%"%,''3%'$%,-./*#01-%/"+%6--*%#*%1+-5%:'$%+')-%&-$#'5%':%,#)-8%>/-%
)-"*+%': %5","%.'33-.,#'*%"$- %#*,-$<#-2+%'$ %01-+,#'**"#$-+8 %Y-3-.,-5%+")&3-%+/'135%6-%$-&$-+-*,",#<-%':%
&'&13",#'*%,'%6-%#*<-+,#(",-58
! 2&#).#$7,*8%N%."+-%+,154%#+%.'*51.,-5%2/-*%2-%2"*,%,'%)'*#,'$%&$'D-.,+%'$%".,#<#,#-+8%W","%#+%.'33-.,-5%
,/$'1(/'1,%,/-%+,154%&-$#'5?%,/-*%2-%&-$:'$)%+,",#+,#."3%"*"34+#+%'*%,/-%5","8%U-*-$"334?%2-%"#)%",%:#*5#*(%"%
$-3",#'*+/#&%'$%61#35#*(%"%)'5-38
! QRD)%8C)3$8%SH&-$#)-*,%&$'<#5-%"%/#(/%3-<-3%':%.'*,$'3%'*%+16D-.,+%"*5%,$-",)-*,+8%Y16D-.,+%"$-%"++#(*-5%
$"*5')34%,'%5#::-$-*,%,$-",)-*,+8%9,/-$%<"$#"63-+%"$-%.'*,$'33-5%",%:#H-5%3-<-38%>/-%-::-.,%':%,$-",)-*,+%#+%
)-"+1$-58%V1"+#C-H&-$#)-*,%#+%1+-5%2/-*%#,%#+%#)&'++#63-%,'%.'*51.,%"%,$1-%-H&-$#)-*,",#'*?%:'$%-H")&3-%
+16D-.,+%."**',%6-%$"*5')34%"++#(*-5%,'%,/-%,$-",)-*,%c\")&6-3%"*5%%Y,"*3-4?%ALGOd8
N%.')&"$#+'*%':%$-+-"$./%+,$",-(4%#+%(#<-*%#*%>"63-%M8A%cI'/3#*%-,%"38?%MZZZd8%SH-.1,#'*%.'*,$'3%-H&3"#*+%,/-%
3-<-3 %': % .'*,$'3 % ': % $-+-"$./-$+ % '* % +16D-.,+ % "*5 % -*<#$'*)-*,8 %Q-"+1$-)-*, % .'*,$'3 % #+ % .'*.-$*-5 %2#,/ % ,/-%
+-3-.,#'*%':%)-"+1$-+8%F*<-+,#(",#'*%.'+,%5-&-*5+%1&'*%,/-%+#@-%':%"*"34+#+%"*5%$-+'1$.-%*--5-58%N*5%,/-%-"+-%':%
$-&3#.",#'*%5-+.$#6-+ % ,/- %&'++#6#3#,4 % ,/", % ,/- %$-+-"$./ %."* %6-%$-&-",-5 % #* %',/-$ %&'&13",#'*8 %>/-%&1$&'+- %':%
$-&3#.",#'*%#+%,'%<-$#:4%2/-,/-$%,/-%$-+13,%#+%<"3#5%:'$%3"$(-$%&'&13",#'*8
U&'$+% G7%N)* 2&#).G$7,* QRD)%8C)3$
SH-.1,#'*%.'*,$'3 f' f' j-+
Q-"+1$-)-*,%.'*,$'3 f' j-+ j-+
F*<-+,#(",#'*%.'+, `'2 Q-5#1) X#(/
S"+-%':%$-&3#.",#'* X#(/ `'2 X#(/
/&"0).954-.2+CD&%8#+3.+1.%)#)&%'A.#$%&$)<8)#
95@5 =)#)&%'A.+3.L&8%.L%+<%&CC83<>/-%-)&#$#."3%$-+-"$./%'*%&"#$%&$'($"))#*(%#+%+1))"$#@-5%#*%>"63-%M8R8%I-%:'.1+%'*%,/-%+,15#-+%,/",%.'*51.,%#*%
#*51+,$#"3%.'*,-H,8
N$#+/'3)%-,%"38%",%Y#)13"%$-+-"$./%.-*,-$%.'*51.,-5%"%01"+#C-H&-$#)-*,%,'%-<"31",-%-::-.,+%':%!!%'*%,#)-C,'C%
)"$7-,?%.'+,?%"*5%&$'51.,%01"3#,4%cN$#+/'3)%-,%"38?%MZZTd8%>/-%-H&-$#)-*,%"#)+%",%%#*<-+,#(",#*(%2/-*%"*5%/'2%
!!% #+%6-*-:#.#"3 %"+ %.')&"$-5 %2#,/%+'3'%&$'($"))#*(8 %>'%"./#-<- % ,/#+? % ,/-4%-<"31",-5 %!!%-::-.,+ %$-("$5#*(%
51$",#'*?%-::'$,?%"*5%+'31,#'*%.'$$-.,*-++%:'$%<"$#'1+%3-<-3+%':%+4+,-)%.')&3-H#,4%"*5%&$'($"))-$%-H&-$,#+-8%>/-%
-H&-$#)-*,%2"+%&-$:'$)-5%2#,/%MLR%k"<"%.'*+13,"*,+%:$')%ML%#*,-$*",#'*"3%.'*+13,"*.4%.')&"*#-+%#*%f'$2"4?%
Y2-5-*%?%"*5%he8%
>/-%+16D-.,+%2-$-%"++#(*-5%,'%&-$:'$)%./"*(-%'*%,/-%+4+,-)%/"<#*(%5#::-$-*,%.')&3-H#,48%>/-%.')&3-H#,4%3-<-3+%
2-$-%."&,1$-5%64%,/-%5-+#(*%':%"&&3#.",#'*+8%>/-%5-3-(",-5%.'*,$'3C+,43-%5-+#(*%':%"&&3#.",#'*%2"+%)'$-%5#::#.13,%
,'%./"*(-%,/"*%,/-%.-*,$"3#@-5%.'*,$'3C+,43-%"&&3#.",#'*8%>/-%&$'($"))-$%-H&-$,#+-+%2-$- %5#<#5-5%#*,'%,/$--%
.",-('$#-+[%D1*#'$?%#*,-$)-5#",-%"*5%+-*#'$%3-<-38%S"./%&"#$%.'*+#+,-5%':%,2'%&$'($"))-$+%':%+#)#3"$%3-<-3%':%
-H&-$,#+-8%>/-$-:'$-?%",%-"./%3-<-3%':%+4+,-)%.')&3-H#,4? %#*5#<#51"3+%"*5%&"#$+%':%,/$--%-H&-$,#+-%3-<-3+%2-$-%
,-+,-58%>/-%51$",#'*%2"+%)-"+1$-5%64%,/-%,#)-%,"7-*%,'%5-<-3'&%"%.'$$-.,%&$'($")8%>/-%-::'$,%2"+%)-"+1$-5%64%
,/-%,',"3%&$'($"))-$%/'1$+%,"7-*%,'%&-$:'$)%,/-%,"+7%.'$$-.,34? %,/1+%(#<#*(%+#)#3"$%<"31-%,'%51$",#'*%:'$%,/-%
#*5#<#51"3+%"*5%,2#.-%,/-%51$",#'*%:'$%!!8%>/-%.'$$-.,*-++%#+%5-:#*-5%64%6#*"$4%+.'$-5%2/-,/-$%,/-%./"*(-5%
&$'($")%&"++-5%,/-%:1*.,#'*"3#,4%,-+,8
>/-%$-+13,%+/'2+%,/",%!!%*-#,/-$%+#(*#:#."*,34%$-51.-+%,/-%,#)-%$-01#$-5%,'%+'3<-%,/-%)"#*,-*"*.-%,"+7+%.'$$-.,34? %
*'$ % #*.$-"+-+ % ,/- % &$'&'$,#'* % ': % .'$$-., % +'31,#'*+8 %Q'$-'<-$? % ,/- % -::'$, % ': % &$'51.#*( % ,/- % .'$$-., % +'31,#'*%
+#(*#:#."*,34%#*.$-"+-+ %JB%&-$.-*, %"+%.')&"$-5 %,'%+'3'%&$'($"))#*(8 %P-("$5#*(% ,/-%)'5-$",#*(%:".,'$+? % ,/-%
$-+13, % +/'2+ % ,/", % " % .')6#*",#'* %': %)'5-$",#*( % -::-.,+ % -H&3"#*? % ,' % " % .-$,"#* %5-($--? % ,/- % 5#::-$-*.-+ % #* %!!%
'1,.')-+8%W1$",#'*%"*5%-::'$,%$-01#$-5%,'%.')&3-,-%,/-%,"+7%+#(*#:#."*,34%5-&-*5+%'*%+4+,-)%.')&3-H#,4?%"+%2-33%
!"(-%L%
"+ % ,/- % .'$$-.,*-++ % ': % ,/- % +'31,#'*8 %>/- % -::-., % +#@- % -+,#)",-5 % "$- % +1))"$#@-5 % #* %>"63- % M8M8 %X'2-<-$? % ,/-%
.')&3-H#,4%5-&-*5+%'*%+16D-.,+E%-H&-$,#+-8%9*%,/-%.')&3-H%+4+,-)?%,/-%.'$$-.,*-++%':%+'31,#'*+%#*.$-"+-+%)"#*34%
:'$%D1*#'$%&"#$+8%9*%,/-%+#)&3-%+4+,-)?%"*5%,/-%51$",#'*%,'%.')&3-,-%,/-%.'$$-.,%+'31,#'*%5-.$-"+-+%)"#*34%:'$%
#*,-$)-5#",-5%"*5%+-*#'$%&"#$+8
P7$'+C)#G*#$)C.'+CD0)R8$*
Q&#*.X')3$%&08V),.'+3$%+0Y#$*0)Z 2+CD0)R.X,)0)<&$).'+3$%+0Y#$*0)Z
W1$",#'* >/-%&"#$+%2'$7-5%MZ%K%:"+,-$%,/"*%#*5#<#51"3+8 >/-%&"#$%2'$7-5%GK%+3'2-$%,/"*%#*5#<#51"3+88
S::'$, >/-%&"#$+%$-01#$-5%GZK%)'$-%-::'$,8 >/-%&"#$%$-01#$-5%AAMK%)'$-%-::'$,8
\'$$-.,*-++ >/-%&"#$+%/"5%"%AGK%5-.$-"+-%#*%,/-%&$'&'$,#'*%
':%.'$$-.,%+'31,#'*+8
>/-%&"#$%/"5%"%BJK%#*.$-"+-%#*%,/-%&$'&'$,#'*%
':%.'$$-.,%+'31,#'*+8
/&"0).959-.Q11)'$.#8V).)#$8C&$)#.+1.#*#$)C.'+CD0)R8$*
X1377'%"*5%N6$"/")++'*%&-$:'$)-5%"%)13,#&3-%."+-%+,154%,'%#*<-+,#(",-%!!%1+"(-%"*5%-<"31",-%#,+%#)&".,+%'*%
&$'51.,%01"3#,4%cX1377'%"*5%N6$"/")++'*?%MZZRd8%>/-%+,154%:'.1+-+%'*%/'2%!!%#+%"5'&,-5%#*%#*51+,$#"3%+-,,#*(%
"*5 %2/-,/-$ % #, % #)&$'<-+ % +':,2"$- %&$'51., %01"3#,48 %>/-#$ % $-+-"$./ % :'.1+-+ %'* % +-<-$"3 % "+&-.,+ %': %!! %1+"(-?%
.')&$#+#*(%!!%-::'$,?%&$'51.,#<#,4?%"*5%!!%$",#'*"3-+8%>/-%&$'51.,%01"3#,4%2-$-%"++-++-5%64%5-*+#,4%':%.'5#*(%
+,"*5"$5%5-<#",#'*+?%.'))-*,%$",#'%"*5%$-3",#<-%5-:-.,%5-*+#,48%
>/-%5","%,'%,/#+%$-+-"$./%2"+%&$'D-.,%"$,#:".,+%.'33-.,-5% %:$')%:'1$%+':,2"$-%5-<-3'&)-*,%,-")+?%#*%.3'+-C,'C
#*51+,$4%+-,,#*(+8%>/-%5","%.'33-.,#'*%,''7%"&&$'H#)",-34%-#(/,%2--7+?%.'<-$#*(%+#H%5-<-3'&)-*,%#,-$",#'*+%':%
-"./%&$'D-.,8%>/-%,-")%+#@-%<"$#-+%:'1$%,'%+#H%&$'($"))-$+8%>/-%:#$+,%,-")%#*<'3<-5%Q"+,-$E+%+,15-*,+i%,/-%+-.'*5%
,-") % #*<'3<-5 % $-+-"$./ % +.#-*,#+,+i % ,/- % 3"+, % ,2' % ,-") % #*<'3<-5 % 6',/ % &$".,#,#'*-$+ % "*5 % +,15-*,+8 % >/- % ,-")+%
5-3#<-$-5%"%:1*.,#'*#*(%-*5%&$'51.,+%,'%1+-$+8%>/-%&$'51.,%+#@-%<"$#-+%:$')%OTZZ%l%TTZZ%3#*-+%':%.'5-%]`9\^8
P-("$5#*(%,/-%!!%1+"(-?%,/-%:#*5#*(+%+/'2%,/",%!!%-::'$,%2"+%",%,/-%/#(/-+,%3-<-3%",%,/-%6-(#**#*(%':%,/-%&$'D-.,%
"*5%#*%,/-%3"+,%#,-$",#'*+8%>/-%&$'51.,#<#,4%':%!!%"*5%+'3'%&$'($"))#*(%<"$#-5%6-,2--*%&$'D-.,+8%N55#,#'*"334?%
!!%2"+%6-*-:#.#"3%:'$%3-"$*#*(%"*5%+'3<#*(%.')&3-H%,"+7+
P-("$5#*( % ,/- %&$'51., %01"3#,4? % 5-*+#,4 %': % .'5#*( % +,"*5"$5 %5-<#",#'* %2"+ %/#(/-$ %51$#*( %!! % +-++#'*? %2/#./%
.'*,$"5#.,+%,/-%.'))'*%6-3#-:8%>/-%.'))-*,%$",#'%':%.'5-%5-<-3'&-5%64%&"#$+%/"+%/#(/-$%.'))-*,%$",#'%,/"*%
#*5#<#51"3+8%N55#,#'*"334?%,/-%$-+13,%$-<-"3-5%*'%.'*+#+,-*,%-<#5-*.-+%,/",%&"#$+%&$'51.-5%.'5-%2#,/%3-++%5-:-.,+8
W46"%-, %"38% #*<-+,#(",-%,/-%AR%-)&#$#."3 %+,15#-+%'*%!!%-::-.,#<-*-++ %2/#./%&-$:'$)-5%51$#*(ALLJ%"*5%MZZT%
cW46"%-,%"38?%MZZTd8%>/-%#*<-+,#(",#'*%"#)+%",%"*+2-$#*(%"%01-+,#'*%2/-,/-$%-)&#$#."3%-<#5-*.-%+16+,"*,#",-+%,/-%
.3"#)+%$-("$5#*(%!!%6-*-:#,+8%%>/-%"*"34+#+%:'.1+-+%'*%,/$--%.'))'*%"+&-.,+%':%!!%-::-.,#<-*-++?%#8-8%51$",#'*?%
-::'$,?%"*5%01"3#,48%>/-%"*+2-$%2'135%6-%/-3&:13%:'$%&$'D-.,%)"*"(-)-*,%#*%$-+'1$.-%"33'.",#'*%"*5%)"*"(#*(%
,#)-%"*5%+./-513-8
>/-%"1,/'$+%.'*51.,-5%"%)-,"C"*"34+#+%'*%AR%&#-.-+%':%-<#5-*.-%,'%+--%2/-,/-$%,/-$-%-H#+,+%"%.'*+#+,-*,%-::-.,%':%
!!%#*%5#::-$-*,%.'*,-H,?%>/-%-::-.,%+#@-%2"+%+,"*5"$5#@-5%,'%"33'2%,/-%.')&"$#+'*%".$'++%+,15#-+8%>'%."3.13",-%,/-%
.')&"$"63-%-::-.,%+#@-?%,/-4%."3.13",-5%,/-%5#::-$-*.-%6-,2--*%,/-%)-"*%<"31-+%':%&"#$+%"*5%,/-%)-"*%<"31-%':%
#*5#<#51"3+? % "*5 % +,"*5"$5#@- %64 % +,"*5"$5 %5-<#",#'*8 %N+ % " % .'*+-01-*.-? % -::-., % +#@- %': %Z % $-<-"3+ % ,/- % +#)#3"$%
&-$:'$)"*.- % 6-,2--* % &"#$+ % "*5 % #*5#<#51"3+i % " % &'+#,#<- % -::-., % +#@- % $-<-"3+ % ,/", % &"#$+ % &-$:'$) % 6-,,-$ % ,/"*%
#*5#<#51"3+%"*5%<#.-%<-$+"8%
>/-%)-,"C"*"34+#+%+1((-+,+%,/",%!!%/"+%"%&'+#,#<-%-::-.,%'*%01"3#,4%"*5%51$",#'*i%61,%(#<-%"%*-(",#<-%#)&".,%'*%
-::'$,8%P-("$5#*(%,/-%-::-.,%'*%01"3#,4?%,/-%&'+#,#<-%-::-.,+%/'35%:'$%"33%+,15#-+%"*5%,/-%-::-.,%+#@-+%"$-%+)"33%,'%
)-5#1)8%P-("$5#*(%51$",#'*?%!!%/"+%+)"33%,'%)-5#1)%+#@-5%$-51.,#'*%':%,/-%,#)-%,'%5-3#<-$%,/-%:#*"3%&$'51.,+8%
X'2-<-$?%,/-%:#*5#*(+%2-$-%*',%.'*+#+,-*,%:'$%"33%+,15#-+8%P-("$5#*(%-::'$,?%,/-%"*"34+#+%+/'2+%+)"33%,'%)-5#1)%
*-(",#<-%-::-.,%+#@-%':%!!%2/-*%.')&"$-5%2#,/%+'3'%&$'($"))#*(8%>/#+%:#*5#*(+%"3+'%/'35%:'$%"33%+,15#-+8
!"(-%AZ%
LL[#.)11)'$ !N)%&<).)11)'$.#8V) \7C")%.+1.#$7,8)# 2+3#8#$)3'*
V1"3#,4 Z8OJ AA \'*+#+,-*,
W1$",#'* Z8BZ AA F*.'*+#+,-*,i
M%+,15#-+%+/'2%"%*-(",#<-%-::-.,8
S::'$, CZ8RT T \'*+#+,-*,
/&"0)[email protected])$&Y&3&0*#8#.+1.LL[#.)11)'$
F* %+1))"$4? % ,/-%"1,/'$ %.'*.315-5 % ,/", % #, % #+ %)-"*#*(3-++ % ,' %)-$-34% #*<-+,#(",- %2/-,/-$ %&"#$+ % #+ %6-,,-$ % ,/"*%
#*5#<#51"3+?%"+%#,+%,/-%-::-.,#<-*-++%5-&-*5+%'*%"%*1)6-$%':%:".,'$+8%F,%#+%-++-*,#"3%,'%,"7-%,/'+-%:".,'$+?%+1./%"+%
&$'($"))-$E+ % -H&-$,#+- % "*5 % ,"+7 % .')&3-H#,4? % #*,' % "..'1*,8 %>' % ,/#+ % -*5? % ,/-4 % :'1*5 % ,/", %!! % #+ %6-,,-$ % ,/"*%
#*5#<#51"3%:'$%"./#-<#*(%/#(/%01"3#,4%$-+13,%'*%/#(/34%.')&3-H%,"+7+8
F*%MZZJ%b-(-3%"*5%f"("&&"*%$-&'$,-5%"*%-<"31",#'*%':%!!%1+#*(%,/-%$-+13,%':%"%2-6C6"+-%+1$<-4%",%Q#.$'+':,8%
cb-(-3 %"*5%f"("&&"*? %MZZJd8%>/-4%:'.1+-5%'*%1*5-$+,"*5#*(%,/-%&$".,#.-+ %':%!!%#*%#*51+,$4? %&$'63-)+%"*5%
6-*-:#,+%&-$.-#<-5%64%&$".,#,#'*-$+?%"*5%./"$".,-$#+,#.%':%(''5%&"$,*-$+%"*5%!!%,-")8%BJT%$-+&'*5-*,+%':%,/-%
+1$<-4%2-$-%+':,2"$-%5-<-3'&-$+?%,-+,-$+?%"*5%&$'D-.,%)"*"(-$+%2'$7#*(%",%Q#.$'+':,8%>/-%$-+&'*5-*,+%/"5%'*%
"<-$"(-%AZ8G%4-"$+%':%-H&-$#-*.-%#*%,/-%+':,2"$-%."$--$8 %MMK%/"<-%&$".,#.-5%!!?%"*5%O8RK%1+-5%!!%#*%,/-#$%
.1$$-*,%&$'D-.,+8
N..'$5#*(%,'%,/-%-::-.,%':%!!?%,/-%%$-+13,%+/'2+%,/",%GBK%':%$-+&'*5-*,+%3#7-%!!8%%OT8RK%6-3#-<-5%,/",%!!%,"7-+%
)'$-%,#)-%,'%5'%,/-%+")-%2'$78%GB8RK%"($--5%,/",%!!%(-*-$",-+%.'5-%2#,/%:-2-$%61(+i%2/#3-%AT8JK%,/'1(/,%,/", %
,/-%$-)"#*#*(%61(+%"$-%/"$5-$%,'%:#H8%>/-%,'&%6-*-:#,+%':%!!%"($--5%64%)'+,%':%,/-%$-+&'*5-*,+%"$-%"+%:'33'2+[%
:-2-$%61(+?%+&$-"5%.'5-%1*5-$+,"*5#*(?%/#(/-$%01"3#,4%':%.'5-?%3-"$*#*(%:$')%&"$,*-$+?%"*5%6-,,-$%5-+#(*8%>/-%
,'&+%#++1-+%':%!!%&-$.-#<-5%64%,/-)%"$-[%.'+,%-::#.#-*.4?%.'*:3#.,%+./-513-+?%&-$+'*"3#,4%%&$'63-)+?%5#+"($--)-*,?%
"*5%+7#33%5#::-$-*.-+8
P-("$5#*(%,/-%",,$#61,-+%':%!!%&"$,*-$+?%)'+,%':%,/-%$-+&'*5-*,+%&$-:-$%"%&"$,*-$+%2/'%/"+%.')&3-)-*,"$4%+7#33%
,'%,/-#$%'2*8%Q'$-'<-$?%,/-4%3#7-%,/-%&"$,*-$%2/'%#+%+)"$,%"*5%:3-H#63-?%/"+%"%(''5%.'))1*#.",#'*%+7#33?%"*5%#+%
&-$+'*"63-8 % U''5 % !! % ,-")+ % +/'135 % /"<- % (''5 % .'))1*#.",#'*+? % .')&3-)-*,"$4 % +7#33+? % "*5 % .')&",#63-%
&-$+'*"3#,#-+8%>/-%,-")%+/'135%"3+'%2'$7+%-::-.,#<-34%2#,/'1,%-('8
I#33#")%"*5%/#+%.'33-"(1-+ %1+-5%,/-%+4+,-)%54*")#.%)'5-3% ,'%#*<-+,#(",- %,/-%$-3",#'*+/#&%6-,2--*%!!%"*5%
b$''7+E%`"2?%2/#./%+,",-+%,/",%;"55#*(%)"*&'2-$%,'%"%3",-%+':,2"$-%&$'D-.,%)"7-%#,%3",-$=%cI#33#")+%-,%"38?
MZZBd8%b$''7%+1((-+,-5%,/",%"55#*(%*-2%,-")%)-)6-$+%#*.$-"+-+%,/-%,$"#*#*(%.'+,?%"++#)#3",#'*%,#)-%,'%3-"$*%
"6'1,%,/-%&$'D-.,?%"*5%.'))1*#.",#'*%'<-$/-"5%cb$''7+%"*5%_$-5-$#.7?%ALLRd8%>/-%"55#,#'*%':%*-2%)-)6-$+%
2#33%6-%/-3&:13%'*34%#:%"55-5%-::'$,%-H.--5+%+1./%.'+,+8%
>/-%"1,/'$+%1+-5%,/-%+1$<-4%,'%-H")#*-%,/-%-::-.,%':%!!%'*%,$"#*#*(%.'+,%"*5%"++#)#3",#'*%,#)-8%>/-%"*"34+#+%
6"+-5 % '* % OZ % $-+&'*5-*,+ % 2/' % /"<- % ", % 3-"+, % :#<- % 4-"$+ % -H&-$#-*.-+ % #* % 6',/ % &"#$ % "*5 % +'3' % &$'($"))#*(%
-*<#$'*)-*,+8% %>/-%-+,#)",-5%,$"#*#*(%.'+,%"*5%"++#)#3",#'*%,#)-%2#,/%"*5%2#,/'1,%!!%2-$-%1+-5%"+%,/-%#*&1,%
&"$")-,-$+%,'%,/-%+4+,-)%54*")#.%)'5-38%
_'$%,/-%."+-%+,154%&$'D-.,?%,/-%$-+13,%:$')%,/-%)'5-3%$-<-"3+%,/",%!!%$-51.-+%,/-%"++#)#3",#'*%"*5%,$"#*#*(%,#)-%
:'$ % ,/-%*-2%.')-$+8 %>/-4% ,/-$-:'$- %.'*.315-5%:$')%,/-% #*#,#"3 % $-+13, % ,/", %"55#*(% ,/-%*-2%)-)6-$+ % ,'% 3",-%
&$'D-.,+%2#33%#*.$-"+-%,/-%'<-$"33%&$'51.,#<#,4%)'$-%01#.734%2/-*%,/-%,-")%"5'&,%!!8%X'2-<-$?%51-%,'%,/-%+)"33%
+")&3-%+#@-%':%,/-%+1$<-4?%,/-%"1,/'$%5#5%*',%",,-)&,%,'%(-*-$"3#@-%,/-%:#*5#*(+8
F*%MZZG%\"*:'$"%"*5%/#+%($'1&%$-&'$,-5%"*%-<"31",#'*%':%&"#$%5-+#(*#*(%%&-$:'$)"*.-+%#*%#*51+,$4%c\"*:'$"%-,%"38?
MZZTd8 %>/-%-<"31",#'*%:'.1+-+ %'*%-::'$, %"*5%01"3#,4%':%&$'51.-5%"$,#:".,+8 %>/-%$-+-"$./%2"+%.'*51.,-5%"+%"%
.'*,$'33-5%-H&-$#)-*,?%"&&3#-5%,'%,/-%5-+#(*%&/"+-%':%"%/#(/C$"*7#*(%\QQF%3-<-3%O%+':,2"$-%.')&"*4%#*%Y&"#*8%
AJ%&"$,#.#&"*,+%2-$-%+-3-.,-5%'*%"%<'31*,--$%6"+#+8%>/-%,"+7+%2"+%,'%&-$:'$)%./"*(-%$-01-+,+%'*%,/-%5-+#(*%':%
+':,2"$-%+4+,-)8%>/-%-::'$,%2"+%)-"+1$-5%64%,/-%,#)-%,"7-*%,'%.')&3-,-%,/-%,"+7+8%>/-%01"3#,4%2"+%)-"+1$-5%64%
$",#*(?%2#,/%"%+."3-%':%,/$--%<"31-+[%Z%]#*.'$$-.,^? %Z8R%]&"$,34%.'$$-.,^?% %"*5%A%].'$$-.,^8%>2'%-<"31",'$+%2-$-%
#*<'3<-5%,'%"<'#5%+16D-.,#<#,48
>/-%$-+13,%#*5#.",-5%,/",%&"#$%&$'($"))-$+%+&-*,%+#(*#:#."*,%)'$-%,#)-%,/"*%#*5#<#51"3+%,'%&-$:'$)%./"*(-+%%]&C
<"31-%m%Z8ZA^8%X'2-<-$?%%&"#$+%&$'51.-5%/#(/-$%01"3#,4%$-+13,%,/"*%#*5#<#51"3+%]&C<"31-%m%Z8ZM^8%>/#+%$-+13,%2"+%
.'$$-+&'*5-5%,'%,/-%$-+13,%:$')%,/-%&$-<#'1+%-H&-$#)-*,+%':%,/-%"1,/'$+%2/#./%&-$:'$)-5%#*%"*%-51.",#'*"3%
.'*,-H,8%
!"(-%AA%
\')"* % #*<-+,#(",-5 % ,/- % &"#$#*( % &$'.-++ % #* % " %)",1$- % "(#3- % &$'D-., % ,' % 1*5-$+,"*5 % ,/- % +#,1",#'*+ % ,/", % !! % #+%
.'*+#5-$-5%1+-:13%c\')"*%-,%"38?%MZZJd8%>/-%"*"34+#+%:'.1+-+%'*%(-*-$"3%1+"(-%':%!!?%,/-%1+-%#*%5#::-$-*,%+,"(-+%
': %5-<-3'&)-*, % .4.3-? % "*5 % ,/- %1+- %': %!! % :'$ % ,$"#*#*(8 %>/- % +,154 % +&"**-5 % ,/$-- %)'*,/+ % #* % " % 3"$(- % F,"3#"*%
)"*1:".,1$#*(%.')&"*48%>/-%,-")%':%AB%<-,-$"*%5-<-3'&-$+?%"*5%,2'%*-2.')-$+%1+-5%"%.1+,')#@-5C<-$+#'*%':%
a!8%>/-%5-<-3'&-$+%&-$:'$)-5%)"#*,-*"*.-%2'$7%51$#*(%,/-%&-$#'5%':%+,1548
P-("$5#*(%,/-%1+-%':%!!?%,/-%$-+13,%+/'2+%,/",%,/-%"<-$"(-%&-$.-*,"(-%':%5"#34%!!%2"+%"$'1*5%GZ%&-$.-*,%51$#*(%
,/-%:#$+,%)'*,/%"*5%5$'&&-5%#*%,/-%+-.'*5%)'*,/8%X'2-<-$?%*'%.3-"$%,$-*5%2"+%'6+-$<-58%I/-*%.'*+#5-$#*(%!!%
1+"(-%51$#*(%<"$#'1+%+,"(-+%':%#,-$",#'*?%,/-4%5#5%*',%:#*5%,/-%+#(*#:#."*,%5#::-$-*.-%6-,2--*%,/-%,#)-%+&-*,%'*%!!%
",%,/-%6-(#**#*(%"*5%",%,/-%-*5%':%#,-$",#'*+8
>'%#*<-+,#(",-%,/-%1+-%':%!!%:'$%,$"#*#*(?%,/-4%.')&"$-5%,/-%"<-$"(-%")'1*,%':%!!%':%,/-%*-2.')-$+%2#,/%,/-%
")'1*,%':%!!%':%<-,-$"*+8%>/-%$-+13,%$-<-"3+%,/",%51$#*(%,/-%:#$+,%)'*,/%':%2'$7#*(%*-2.')-$+%&$".,#.-5%!!%
)'$-%,/-*%,/-%<-,-$"*%]&C<"31-%m%Z8ZA^?%61,%*'%+#(*#:#."*,%5#::-$-*.-%2"+%:'1*5%#*%,/-%+-.'*5%)'*,/8%>/-$-:'$-?%
,/-4%.'*.315-5%,/",%!!%#+%&-$.-#<-5%,'%6-%1+-:13%:'$%,/-%,$"#*#*(8
>'%.'*,#*1-%,/-%&$-<#'1+%%$-+-"$./%c\')"*%-,%"38?%MZZJd?%_$'*@"%"*5%/-$%.'33-"(1-+%#*<-+,#(",-5%,/-%1+-%':%!!%#*%
,/-%."+-%,/",%*-2.')-$+%D'#*-5%,/-%5-<-3'&)-*,%,-")%c_$'*@"%-,%"38?%MZZLd8%>/-4%&$'&'+-5%"%)'5-3%,'%5-+.$#6-%
,/-%#*,-($",#'*%':%,/-%*-2%)-)6-$+?%1+#*(%,/-%5","%:$')%AZ%)'*,/+%':%'6+-$<",#'*"3%+,1548%%>/-%)"#*%5","%,'%,/-%
"*"34+#+%2"+%,/-%)'*,/34%-::'$,%+&-*,%'*%&$".,#.#*(%!!%':%<-,-$"*+%"*5%*-2.')-$+8
>/-%"1,/'$%1+-5%+'.#'($")+%,'%"*"34@-%,/-%2'$7#*(%&",,-$*%")'*(%5-<-3'&-$+8%>/-%"*"34+#+%+/'2-5%,/",%,/-%
#*,-($",#'*%':%*-2%5-<-3'&-$+%,''7%)'$-%,/"*%'*-%)'*,/%"*5%!!%#+%1+-5%:'$%5#::-$-*,%'6D-.,#<-+%#*%-"./%&/"+-8%
>/-%#*,-($",#'*%+--)+%,'%'..1$%#*%:'1$%&/"+-%]>"63-%M8B^8%>/#+%&",,-$*%2"+%:'1*5%+#)#3"$%,'%,/-%-H#+,#*(%$-+-"$./%
'*%,/-%+")-%,'&#.8
63$)<%&$8+3.DA&#) ])$&80 ]7%&$8+3
>/-%#*#,#"3%&/"+- f-2.')-$+%+&-*,%"%($-",%")'1*,%':%,#)-%&"#$#*(%2#,/%<-,-$"*+8 A%)'*,/
>/-%#*5-&-*5-*,%&/"+- f-2.')-$+%)'+,34%2'$7-5%#*5#<#51"3348 M%)'*,/+
>/-%)",1$#,4%&/"+- f-2.')-$+%+,"$,-5%2'$7#*(%,'(-,/-$%1+#*(%!!8 B%)'*,/+
>/-%#*,-($",#'*%&/"+- >/-%&",,-$*%':%!!%1+"(-%'..1$+%,'%6-%+#)#3"$%6-,2--*%*-2.')-$+%
"*5%<-,-$"*8
M%)'*,/+
/&"0).95?-.LL.7#&<).JA)3.3)J'+C)%#.M+83.$A).,)N)0+DC)3$.$)&C
!"(-%AM%
!7$A+%X#Z G7"M)'$#.&3,.#$%7'$7%).+1.$A).%)#)&%'A. =)#70$
_$'*@"%-,%"38?%MZZL AG%&$':-++#'*"3+8%AZ%)'*,/+%':%"*%
'6+-$<",#'*"3%+,154%,'%#*<-+,#(",-%,/-%1+"(-%
':%!!%2/-*%*-2.')-$+%D'#*%%,/-%,-")?%1+#*(%
+'.#'($")+%,'%5-+.$#6-%,/-%&",,-$*8%>/-%
&",,-$*%#+%"3+'%.')&"$-5%,'%',/-$%&$'&'+-5%
)'5-38
>/-%#*,-($",#'*%':%*-2.')-$+%+&"*+%#*%B%
&/"+-?%"*5%,/-4%1+-%!!%:'$%5#::-$-*,%
&1$&'+-+8%f-2.')-$+%&"#$%2#,/%<-,-$"*%
#*%,/-%A+,%&/"+-i%61,%2'$7%#*5#<#51"334%#*%
,/-M*5%&/"+-8%F*%,/-%O$5%&/"+-%*-2.')-$+%
&"#$%,'(-,/-$?%"*5%:#*"334%,/-%2/'3-%,-")%
2'$7+%#*%,/-%+")-%2"48%
b-(-3%"*5
f"("&&"*?%MZZJ
BJT%+':,2"$-%5-<-3'&-$+?%,-+,-$+?%"*5%&$'D-.,%
)"*"(-$+%2'$7#*(%",%Q#.$'+':,8%>/-%2-6C
6"+-5%+1$<-4%"#)+%,'%-<"31",-%/'2%!!%#+%1+-5%
#*%.')&"*#-+?%,/-%&-$.-#<-5%6-*-:#,+%"*5%
&$'63-)+?%"*5%,/-%&$-:-$"63-%7#*5+%':%"%
&"$,*-$8%
MnO%':%$-+&'*5-*,+%3#7-%!!?%MnO%6-3#-<-%
,/",%!!%#*.$-"+-%+':,2"$-%01"3#,4?%"*5%OnJ%
,/'1(/,%,/",%!!%,"7-%)'$-%,#)-8
>'&%6-*-:#,+%':%!!%"$-%,'%$-51.-%61(+?%
+&$-"5%.'5-%1*5-$+,"*5#*(?%"*5%/#(/-$%
.'5-%01"3#,48%>'&%#++1-+%"$-%.'+,%
-::#.#-*.4?%+./-513#*(?%"*5%&-$+'*"3#,4%
.'*:3#.,8%>/-4%&$-:-$%"%&"$,*-$%,/",%/"+%"%
.')&3-)-*,"$4%+7#33?%"*5%:3-H#63-8
\')"*%-,%"38?%MZZJ AG%&$':-++#'*"3+8%F*<-+,#(",-%,/-%1+"(-%':%!!%
#*%"*%N(#3-%,-")%:'$%O%)'*,/+%,'%1*5-$+,"*5%
2/-*%&$".,#,#'*-$+%.'*+#5-$%!!%1+-:138%>/-%
$-+13,%#+%.')&"$-5%2#,/%,/-%-H#+,#*(%-)&#$#."3%
:#*5#*(+8
W1$#*(%,/-%:#$+,%)'*,/?%*-2.')-$+%
&$".,#.-+%!!%)'$-%,/"*%<-,-$"*+i%2/#3-%
<-,-$"*%"32"4+%1+-%!!%:'$%"6'1,%,/-%+")-%
&-$.-*,"(-8%>/-$-%#+%*'%+#(*#:#."*,%
5#::-$-*.-%6-,2--*%,/-%,#)-%+&-*,%'*%!!%
",%,/-%6-(#**#*(%"*5%",%,/-%-*5%':%
#,-$",#'*+8%>/-%!!%#+%:'1*5%1+-:13%:'$%
,$"#*#*(8
W46"%-,%"38?%MZZT N%)-,"C"*"34+#+%6"+-5%'*%AR-)&#$#."3%+,15#-+%
'*%!!%-::-.,#<-*-++%]01"3#,4?%51$",#'*?%-::'$,^8%
>/-4%1+-%+,"*5"$5#@-%-::-.,%+#@-%,'%.')&"$-%
$-+13,+%".$'++%+,15#-+8
\')&"$-%,'%#*5#<#51"3+?%!!%3-"5+%,'%"%
)-5#1)C+#@-5%#*.$-"+-%#*%01"3#,4?%"3+'%
3-"5+%,'%"%%)-5#1)C+#@-5%-::-.,%$-51.,#'*%
#*%51$",#'*8%X'2-<-$?%,/-$-%#+%*-(",#<-%
-::-.,%'*%-::'$,8%N33%+,15#-+%:'1*5%,/",%
2'$7#*(%#*%&"#$%$-01#$-%)'$-%-::'$,
\/'*(%"*5
X1$361,,?%MZZT
M%+':,2"$-%5-<-3'&)-*,%,-")+?%-"./%,-")%/"+%
L%&$'($"))-$+8%
F,%#+%"%:'1$%)'*,/+%':%-,/*'($"&/#.%+,154%':%
!!8%>/-4%+--7%,'%1*5-$+,"*5%&"#$%#*,-$".,#'*%
6-,2--*%&$':-++#'*"3%&$'($"))-$+?%"*5%2/",%
:".,'$%#*:31-*.-%,/-#$%#*,-$".,#'*+8
P'3-%+2#,./#*(%/"&&-*+%':,-*%51$#*(%!!%
+-++#'*8%!"#$+%5#+.1++%#++1-+%",%,/-%+")-%
+,$",-(#.%3-<-38%!$'($"))-$%-H&-$,#+-%"*5%
"*5%7-46'"$5%.'*,$'3%"$-%#)&'$,"*,%
:".,'$+%,/",%,$#((-$%&"#$%#*,-$".,#'*8
N$#+/'3)%-,%"38?
MZZT
MLR%&$':-++#'*"3+8%\'*,$'33-5%-H&-$#)-*,%,'%
#*<-+,#(",-%-::-.,%':%!!%2#,/%$-+&-.,%,'%+4+,-)%
.')&3-H#,4%"*5%&$'($"))-$%-H&-$,#+-8%>/-%
+16D-.,+%&-$:'$)%./"*(-%,"+7+8%>/-%
"++-++)-*,%:'.1+-+%'*%51$",#'*?%-::'$,?%"*5%
.'$$-.,*-++%':%,/-%+'31,#'*8
!!%*-#,/-$%$-51.-%,#)-%$-01#$-5%,'%
.')&3-,-%,/-%,"+7+?%*'$%#*.$-"+-%,/-%
&$'&'$,#'*%':%.'$$-.,%+'31,#'*8%>/-$-%#+%
JBK%#*.$-"+-%#*%-::'$,%,'%+'3<-%,/-%,"+7%
.'$$-.,348%>/-%-::-.,%':%!!%"3+'%5-&-*5+%
'*%,/-%.')6#*",#'*%':%+4+,-)%.')&3-H#,4%
"*5%-H&-$,#+-8%!!%#*.$-"+-%,/-%.'$$-.,*-++%
2/-*%D1*#'$%&"#$+%2'$7%'*%.')&3-H%
+4+,-)8%_'$%#*,-$)-5#",-+%"*5%+-*#'$+?%!!%
$-51.-%51$",#'*%,'%&-$:'$)%,/-%,"+7%
.'$$-.,348
\"*:'$"%-,%"38?%MZZT AJ%&$':-++#'*"3+8%F,%#+%"%.'*,$'33-5%-H&-$#)-*,%
.'*51.,-5%'*%,/-%5-+#(*%&/"+-%#*%"%+':,2"$-%
.')&"*48%>/-%+,154%"#)+%",%-<"31",#*(%-::'$,%
"*5%01"3#,4%':%&"#$%5-+#(*#*(%#*%#)&3-)-*,#*(%
./"*(-%$-01-+,+8
!"#$%5-+#(*#*(%$-01#$-+%)'$-%-::'$,%,/"*%
#*5#<#51"3?%61,%#)&$'<-+%01"3#,48
!"(-%AO%
!7$A+%X#Z G7"M)'$#.&3,.#$%7'$7%).+1.$A).%)#)&%'A. =)#70$
X1377'%"*5
N6$"/")++'*?%MZZR
B%+':,2"$-%5-<-3'&)-*,%&$'D-.,+%2#,/%BCG%
)-)6-$+8%F,%#+%"%.'*,$'33-5%."+-%+,154%
.'*51.,-5%#*%.3'+-C,'C#*51+,$4%+-,,#*(+%,'%
#*<-+,#(",-%1+"(-%':%!!%"*5%-<"31",-%&$'51.,%
01"3#,48%
!!%#+%1+-5%)'$-%#*%,/-%:#$+,%"*5%:#*"3%
#,-$",#'*8%!$'51.,#<#,4%<"$#-+%".$'++%
&$'D-.,+8%>/-4%1+-%!!%:'$%,$"#*#*(%"*5%
5#::#.13,%,"+7+8%\'5-%&$'51.-5%64%!!%
.'*,"#*+%)'$-%.'))-*,?%61,%3'2-$%
"5/-$-*.-%,'%+,"*5"$58
/&"0).95F-.QR8#$83<.)CD8%8'&0.#$7,8)#.83.D&8%.D%+<%&CC83<.
!"(-%AB%
@5 =)#)&%'A.B)$A+,+0+<*>/#+%./"&,-$%5-+.$#6-+%,/-%5-+#(*%':%,/-%."+-%+,1548%F,%+,"$,+%2#,/%"*%'<-$<#-2%,'%,/-%$-+-"$./8%>/-%$-+-"$./%('"3 %
"*5%)-"+1$-)-*,%"$-%+,$1.,1$-5%#*%,-$)%':%U'"3CV1-+,#'*CQ-,$#.+8%F,%.'*,#*1-+%2#,/%-H&3"#*#*(%,/-%/4&',/-+-+%
"*5 % ,/- %<"$#"63-+8 %>/-%+,-&+ %': %5"," %.'33-.,#'* %"*5 %5"," %"*"34+#+ %"$- %5#+.1++-5 %"3'*(%2#,/% $-:-$$-5 %($'1*5%
,/-'$#-+8%F*%"55#,#'*%,/-%$-+-"$./%.'*,-H,%#+%-H&3"#*-5%",%,/-%-*5%':%,/#+%+-.,#'*8
@545 PN)%N8)JI-%"$-%#*,-$-+,-5%#*%1*5-$+,"*5#*(%2/-,/-$%&"#$%&$'($")#*(%/"+%+')-%+'$,%':%;3#*-"$=%-::-.,%'$%+')-%+'$,%':%
;,/$-+/'35=%-::-.,%'*%01"3#,4%"*5%-::#.#-*.4%':%5-:-.,%.'$$-.,#'*?%#*%,/-%,#)-%:$")-%"*5%:'$%,/-%'&-$",#'*+%1*5-$%
.'*+#5-$",#'*+8%
b4%3#*-"$%-::-.,?%2-%)-"*%,/",%,/-$-%#+%"%7#*5%':%)'*','*'1+%5-&-*5-*.4%6-,2--*%&"#$%&$'($"))#*(%"*5%01"3#,4?%
-8(8 % ,/- %)'$- %&"#$ %&$'($"))#*(% ,/- % 3-++ % ,/- %5-:-.,+8 %I-%5-,-$)#*- % ,/#+ %-::-., %64%.')&"$#*( %" %.'$$-3",#'*%
6-,2--*%,/-%)-"+1$-%':%&"#$%&$'($"))#*(%"*5%,/-%)-"+1$-%':%01"3#,4%1*5-$%.'*+#5-$",#'*+8%
b4%,/$-+/'35%-::-.,?%2-%)-"*%,/",%1&%,'%"%.-$,"#*%3-<-3%&"#$%&$'($"))#*(%/"+%*'%-::-.,+%'*%01"3#,48%9*.-%2-%
$-"./%,/#+%3-<-3%,/-%"5'&,#'*%':%&"#$%&$'($"))#*(%+,"$,+%,'%/"<-%"*%-::-.,%'%01"3#,48%I-%5-,-$)#*-%,/#+%-::-.,%64%
"&&34#*(%,/-%,C,-+,%,'%,2'%5#+,$#61,#'*+[
! >/-%+")&3-%':%,/-%)-"+1$-+%':%01"3#,4%1*5-$%.'*+#5-$",#'*+?%:'$%,/-%5","%&'#*,+%])-,/'5+%'$%5-:-.,+^%2#,/%
)-"+1$-+%':%&"#$%&$'($"))#*(%1*5-$%.'*+#5-$",#'*+%3-++%,/"*%,/-%,/$-+/'35+8
! >/-%+")&3-%':%,/-%)-"+1$-+%':%01"3#,4%1*5-$%.'*+#5-$",#'*+?%:'$%,/-%5","%&'#*,+%])-,/'5+%'$%5-:-.,+^%2#,/%
)-"+1$-+%':%&"#$%&$'($"))#*(%-01"3%'$%/#(/-$%,/"*%,/-%,/$-+/'35+8
@595 ^+&0YW7)#$8+3YB)$%8'#>/-%U'"3CV1-+,#'*C)-,$#.+%]UVQ^%&"$"5#()%/"+%6--*%&$'&'+-5%64%b"+#3#%cb"+#3#?%ALLRd8%>/-%UVQ%#+%1+-5%,'%
5-:#*-%"*5%#*,-$&$-,%)-"+1$-)-*,+%:'$%+':,2"$-%5-<-3'&)-*,%&$'.-++%"*5%&$'51.,+8%>'%1+-%UVQ?%:#$+,%2-%+-,%,/-%
(-*-$#.%('"3%:'$%,/-%$-+-"$./8%>/-*%2-%5-$#<-%:$')%,/-%('"3%+-$#-+%':%01-+,#'*+%,'%5-,-$)#*-%2/-,/-$%,/-%('"3%"$-%
6-#*(%)-,8%I/",%.'*+,#,1,-%,'%,/-%('"3%)"46-%<"(1-?%,/-$-:'$-%2-%:'$)13",-%+-<-$"3%+16%('"3+%6-:'$-%01-+,#'*+%
."*%6-%5-$#<-58%_#*"334%2-%"*"34@-%-"./%01-+,#'*%,'%+&-.#:4%)-"+1$-)-*,+%*--5-5%,'%"*+2-$%'1$%01-+,#'*+8%
>/-%UVQ%"&&$'"./%&$'<#5-+%,-)&3",-+%"*5%(1#5-3#*-+%:'$%5-:#*#*(%&$'51.,C$-3",-5%01-+,#'*+%"*5%&$'.-++C$-3",-5%
01-+,#'*+8 % >/- % ,-)&3",- % +1&&'$,+ % "&&$'&$#",- % 5-:#*#,#'* % ': % ,/- % % (-*-$#. % ('"3? % "<'#5#*( % ")6#(1#,#-+ % "*5%
#*.'*+#+,-*.#-+8%%>/-%1+-%':%)-"+1$-)-*,+%#+%5-,-$)#*-5%64%,/-%('"3%"*5%01-+,#'*+?%+'%,/",%,/-%$-+-"$./%"#)%#+%
,#(/,34%3#*7-5%,'%,/-%5","%.'33-.,#'*?%5","%"*"34+#+%"*5%$-&'$,#*(8
@59545 /A).^WB.$)CD0&$).1+%.<+&0.,)1838$8+3
U-*-$"334%('"3+%"$-%5-:#*-5%#*%,-$)+%':%]",,$#61,-+%,'%6-%"++-++-5^%.'1&3-5%2#,/%<-$6+%5-+.$#6#*(%,/-%*--5%,'%
"++-++8%>'%"++#+,%#*%(-*-$",#*(%('"3+?%01-+,#'*+?%"*5%)-,$#.+?%b"+#3#%&$'<#5-5%"%,-)&3",-%:'$%('"3%5-:#*#,#'*8
! /+%]./"$".,-$#@-?%-<"31",-?%&$-5#.,?%)',#<",-?%-,.8^%%$A)%%]&$'.-++?%&$'51.,?%)'5-3?%)-,$#.?%-,.8^
! U+%.$A).D7%D+#).+1.]1*5-$+,"*5#*(?%"++-++#*(?%%)"*"(#*(?%#)&$'<#*(?%-,.8^
! >8$A.%)#D)'$.$+%].'+,?%-::-.,#<-*-++?%.'$$-.,*-++?%5-:-.,?%./"*(-+?%-,.8^
! U%+C.$A).N8)J.D+83$.+1%]5-<-3'&-$?%)"*"(-$?%.1+,')-$?%-,.8^
! 63.$A).'+3$)R$.+1.]-*<#$'*)-*,^
!"(-%AR%
@59595 !DD08'&$8+3.+1.$A).^WB.$)CD0&$)
>'%/"<-%"%&$-.#+-%1*5-$+,"*5#*(%':%,/-%#)&".,%':%&"#$%&$'($"))#*(%'*%,/-%01"3#,4%"*5%-::#.#-*.4%':%5-:-.,%
.'$$-.,#'*%2-%:'33'2%,/-%UVQ%"&&$'"./8
_#$+,%2-%5-:#*-%,/-%('"3%':%,/-%"*"34+#+?%,/-*%2-%#5-*,#:4%,/-%01-+,#'*+%,/",%2-%2"*,%,'%"*+2-$%,'%"./#-<-%,/-%
$-+-"$./%('"3?%"*5?%",%,/-%-*5?%2-%-3"6'$",-%,/-%)-"+1$-)-*,+%,/",%/-3&%#*%"*+2-$#*(%,/-%01-+,#'*+8
^+&0-
! N*"34@-%D&8%.D%+<%&CC83<.XLLZ
! _'$%,/-%&1$&'+-%':%)N&07&$83<.8$
! I#,/%$-+&-.,%,'%,)1)'$#.&3,.,)1)'$.'+%%)'$8+3#
! _$')%,/-%<#-2%&'#*,%':%,)N)0+D)%#
! F*%,/-%.'*,-H,%':%83,7#$%8&0.#+1$J&%).,)N)0+DC)3$.D%+M)'$#
W7)#$8+3#-
! VA[%\'*+#5-$#*(%,/-%5","%:$')%,/-%2/'3-%'6+-$<",#'*%&-$#'5?%5'-+%,/-%&-$.-*,"(-%':%&"#$%&$'($"))#*(%
]K!!^%/"<-%+')-%7#*5+%':%-::-.,%'*%,/-%5-:-.,%5-*+#,4g
! VM[%W'-+%K!!%1+-5%#*%,/-%)-,/'5%&$#'$%,'%,/-%5-:-.,%5-,-.,#'*%"::-.,%,/-%5-:-.,%5-*+#,4%g
! VO[%F*%,/-%."+-%':%+':,2"$-%-*/"*.-)-*,+?%5'-+%K!!%1+-5%#*%,/-%)-,/'5%&$#'$%,'%,/-%-*/"*.-)-*,%"::-.,%
,/-%5-:-.,%5-*+#,4%g
! VB[%W'-+%K!!%+16+-01-*,%,'%,/-%5-,-.,#'*%':%,/-%5-:-.,%"::-.,%,/-%5-:-.,%5-*+#,4%':%,/-%)-,/'5%":,-$2"$5+g
! VR[%W'-+%K!!%+16+-01-*,%,'%,/-%+,"$,%':%,/-%-*/"*.-)-*,%"::-.,%,/-%5-:-.,%5-*+#,4%":,-$2"$5+g
! VG[%\'*+#5-$#*(%,/-%-::#.#-*.4%':%,/-%5-:-.,%.'$$-.,#'*?%5'-+%,/-%$",#'%':%)-,/'5+%2#,/%!!%/"+%+')-%#)&".,%
'*%,/-%51$",#'*%':%5-:-.,%.'$$-.,#'*g
! VT[%_'$%-"./%5-:-., %.'$$-.,#'*?%5'-+%,/-%$",#'%':%5-:-., %.'*,$#61,#*(%)-,/'5+%2#,/%+')-%&$#'$%!!%/"<-%
#)&".,%'*%,/-%,',"3%.'$$-.,#'*%-::'$,%g
! VJ[%_'$%-"./%5-:-.,%.'$$-.,#'*?%5'-+%,/-%$",#'%':%"..-++-5%61,%*',%)'5#:#-5%)-,/'5+%2#,/%+')-%&$#'$%!!%
/"<-%#)&".,%'*%,/-%,',"3%-::'$,%,'%3'."3#@-%,/-%5-:-.,g
! VL[%W'-+%,/-%"5'&,#'*%':%!!%51$#*(%,/-%5-:-.,%.'$$-.,#'*%"::-.,%,/-%,',"3%-::'$,%,'%.'$$-.,%,/-%5-:-.,g
! VAZ[%\'*+#5-$#*(%,/-%)-,/'5+%)'5#:#-5%:'$% ,/-%."1+- %':% ,/-%5-:-., %.'$$-.,#'*? %5'-+%K!!%&$#'$% ,'%,/-%
5-,-.,#'*%':%,/-%5-:-.,%"::-.,%,/-%)'5#:#.",#'*%-::'$,g
! VAA[%\'*+#5-$#*(%,/-%)-,/'5+%)'5#:#-5%:'$%,/-%."1+-%':%,/-%5-:-.,%.'$$-.,#'*?%5'-+%K!!%1+-5%51$#*(%,/-%
.'$$-.,#'*%"::-.,%,/-%)'5#:#.",#'*%-::'$,g
! VAM[%\'*+#5-$#*(%,/-%)-,/'5+%"..-++-5%61,%*',%)'5#:#-5%51$#*(%,/-%5-:-., %.'$$-.,#'*%,#)-%:$")-?%5'-+%
K!!%&$#'$%,'%,/-%5-:-.,%5-,-.,#'*%"::-.,%,/-%-::'$,%+&-*,%'*%,/",%)-,/'5g
! VAO[%\'*+#5-$#*(%,/-%)-,/'5+%"..-++-5%61,%*',%)'5#:#-5%51$#*(%,/-%5-:-., %.'$$-.,#'*%,#)-%:$")-?%5'-+%
K!!%1+-5%51$#*(%,/-%"..-++%"::-.,%,/-%-::'$,%+&-*,%'*%,/",%)-,/'5g
! VAB[%W'-+%!!%#)&".,%,/-%&$-.#+#'*%':%3'."3#@#*(%5-:-.,g
B)$%8'#-
I-%5-:#*-%,/-%)-"+1$-)-*,%,'%-<"31",-%,/-%01-+,#'*+%"+%:'33'2+[
!"(-%AG%
! L)%')3$&<).+1.D&8%.D%+<%&CC83<.X_LLZ- .%K!!%#+%5-:#*-5%"+%,/-%$",#'%':%&"#$%&$'($"))#*(%-::'$,%"*5%
,',"3%-::'$,%+&-*,%'*%-"./%)-,/'5%#*%,/-%+'1$.-%.'5-8%I-%."3.13",-5%K!!%#*%+-<-$"3%51$",#'*[%K!!%+&-*,%'*%
"%)-,/'5%:'$%,/-%2/'3-%'6+-$<",#'*%&-$#'5?%K!!%+&-*,%'*%"%)-,/'5%&$#'$%,'%,/-%5-:-.,%5-,-.,#'*+?%"*5%K!!%
+&-*,%'*%"%)-,/'5%+16+-01-*,%,'%%,/-%5-:-.,%5-,-.,#'*+8%K!!%#+%."3.13",-5%64
K=="> =
>!?
%%%2/-$-%%
> = #+%-::'$,%+&-*,%'*%&"#$%&$'($")#*(%".,#<#,#-+%51$#*(%,/-%&-$#'5%':%,#)-?%"*5%
>! #+%,/-%,',"3%-::'$,%+&-*,%51$#*(%,/-%&-$#'5%':%,#)-8
! !"#+07$).,)1)'$#[%>/-%"6+'31,-%5-:-.,+%#+%5-:#*-5%"+%,/-%,',"3%*1)6-$%':%5-:-.,+%6-3'*(%,'%-"./%)-,/'58
! ])1)'$.,)3#8$*[%>/-%5-:-.,%5-*+#,4%#+%5-:#*-5%"+%,/-%$",#'%':%,/-%5-:-.,%&-$%'*-%3#*-%':%)-,/'5E+%.'5-8%I-%
1+-5%,/-%5-:-., %5-*+#,4%"+%"%01"3#,4%)-"+1$-%':%,/-%)-,/'5+8%>/#+%<"31-%#+%*'$)"3#@-5%"*5%.')&"$"63-%
")'*(%)-,/'5+%':%5#::-$-*,%+#@-8%>'%."3.13",-%,/-%5-:-.,%5-*+#,4?%2-%1+-5%,/-%)-,/'5E+%+#@-%",%,/-%-*5%':%
'6+-$<",#'*%&-$#'58%>/#+%#+%51-%,'%,/-%"<"#3"6#3#,4%':%.'5-%)-,$#.+8%>/-%5-:-.,%5-*+#,4%]WW^%#+%."3.13",-5%64
44"4!
?@A?
%%2/-$-%%
4! #+%,/-%,',"3%*1)6-$%':%5#+.'<-$-5%5-:-.,+%#*%"%)-,/'5?%"*5
?@A #+%,/-%)-,/'5E+%,',"3%3#*-+%':%.'5-8
! ])1)'$.'+%%)'$8+3.,7%&$8+3[%W1$",#'*%#+%5-:#*-5%"+%,/-%-3"&+-5%,#)-%#*%/'1$+%:$')%,/-%5-:-.,E+ %.$-",-5%
5",-%,'%,/-%5-:-.,E+%.3'+-5%5",-8%>/-+-%5","%"$-%,"7-*%:$')%,/-%5-:-.,%,$".7#*(%#*:'$)",#'*8%F:%"%5-:-.,%2"+%
.'$$-.,34%$-+'3<-5%"*5%,/-%5-:-.,E+%.3'+-5%5",-%2"+%)#++#*(?%,/-%5-:-.,E+%$-+'3<-5%5",-%2'135%6-%1+-58%>/-%
51$",#'* #4A $ %#+%."3.13",-5%64
%%% 4A"! A?%! AB ?
%%%%%2/-$-%%
%% ! A? #+%,/-%,#)-+,")&%2/-*%,/-%5-:-.,%2"+%.$-",-5?%"*5
%% ! AB #+%,/-%,#)-+,")&%2/-*%,/-%5-:-.,%2"+%.3'+-58
! ])1)'$.'+%%)'$8+3.)11+%$[%S::'$,%#+%5-:#*-5%"+%,/-%,',"3%*1)6-$%':%5-<-3'&-$%/'1$+%,"7-*%,'%$-)'<-%"%5-:-.,8%
>/-%-::'$,%#+%,/-%"..1)13",-5%,#)-%+&-*,%'*%-"./%)-,/'5%#*%,/-%+'1$.-%.'5-%51$#*(%,/-%5-:-.,%3'."3#@",#'*%
"*5%.'$$-.,#'*8%>/#+%<"31-%#+%5-$#<-5%:$')%5-<-3'&-$+E%".,#<#,#-+%'<-$%,/-%+'1$.-%.'5-8%>/-%.'$$-.,#'*%-::'$,
#>A $ #+%."3.13",-5%64
>A"&,"A
*
! ' ?%
%%2/-$-%%
, #+%"%)-,/'5%"..-++-5%51$#*(%,/-%5-:-.,%.'$$-.,#'*%".,#<#,#-+?%"*5
* #+%,/-%,',"3%*1)6-$%':%)-,/'5+%"..-++-5%51$#*(%,/-%5-:-.,%.'$$-.,#'*%".,#<#,#-+?%"*5
!"(-%AT%
! ' #+%,/-%,',"3%,#)-%+&-*,%'*%,/-%)-,/'5% , '
! ])<%)).+1.C)$A+,.J8$A.D&8%.D%+<%&CC83<.X_BLLZ-.KQ!!%#+%,/-%$",#'%':%)-,/'5+%/"<#*(%,/-%<"31-%':%
K!!%)'$-%,/"*%@-$'%,/",%2-$-%"..-++-5%51$#*(%,/-%5-:-.,%.'$$-.,#'*8%I-%."3.13",-%KQ!!%:'$%M%."+-%[%
KQ!!%':%)'5#:#-5%)-,/'5+%51$#*(%,/-%5-:-.,%.'$$-.,#'*?%"*5%KQ!!%':%)-,/'5+%"..-++-5%61,%*',%)'5#:#-5%
51$#*(%,/-%5-:-.,%.'$$-.,#'*8%KQ!!%#+%."3.13",-5%64[
#K,==$", =
, %
CAZZ?%
%%%%%%%%%%2/-$-%%%
%%%%%%% , = #+%,/-%*1)6-$%':%)-,/'5+%"..-++-5%51$#*(%,/-%5-:-.,%.'$$-.,#'*%".,#<#,4?%2/-*%K!!%+1./%)-,/'5+%
%%%%%%%%%%%#+%)'$-%,/"*%@-$'?%"*5
%%%%%%%% , % #+%,/-%,',"3%*1)6-$%':%)-,/'5+%"..-++-5%51$#*(%,/-%5-:-.,%.'$$-.,#'*%".,#<#,48
! L%)'8#8+3.+1.0+'&08V83<.,)1)'$#.-.,/-%&$-.#+#'*%':%3'."3#@#*(%5-:-.,+%)-"+1$-+%,/-%$",#'%':%-::'$,%+&-*,%'*%
)'5#:4#*(%)-,/'5+%2#,/%5-:-.,+8%>/-%&$-.#+#'*%#+%",%,/-%/#(/-+,%2/-*%"33%-::'$,+%1+-5%51$#*(%5-:-.,%
.'$$-.,#'*%"$-%+&-*,%'*%,/-%5-:-.,#<-%)-,/'5+8%>/-%)'$-%,/-%-::'$,%+&-*,%'*%,/-%5-:-.,C:$--%)-,/'5+?%,/-%
3-++%,/-%&$-.#+#'*%#+8%!$-.#+#'*%':%3'."3#@#*(%5-:-.,+%#+%."3.13",-5%64[
%%%%=1#+'.'0* 0- (0+)('D'*& 9#-#+/"
>,
#>,'> B$ ?
2/-$-%
%%%% >, #+%,',"3%-::'$,%+&-*,%'*%)'5#:4#*(%5-:-.,#<-%)-,/'5+?%"*5
%%%%% > B #+%,/-%-::'$,%+&-*,%'*%3'."3#*(%"%5-:-.,%#*%5-:-.,C:$--%)-,/'5+8
I-%5-:#*-%,/-%)-"+1$-%':%&"#$%&$'($"))#*(%"*5%,/-%)-"+1$-%':%01"3#,4%'$%,/-%)-"+1$-%-::#.#-*.4%':%5-:-.,%
.'$$-.,#'*%#*%>"63-%O8A8%>/-%&1$&'+-%':%-"./%."+-%1*5-$%.'*+#5-$",#'*+%#+%"3+'%(#<-*8
\'$$-+&'*5#*(%,'%,/-%UVQ?%8_#(1$-%O8A%"*5%_#(1$-%O8M%+1))"$#@-+%,/-%:$")-2'$7%,'%-<"31",-%,/-%-::-.,%':%!!%
'*%01"3#,4?%"*5%,/-%-::-.,%':%!!%'*%-::#.#-*.4%':%5-:-.,%.'$$-.,#'*+%"..'$5#*(348
3+5 B)%)#.+1.LL B)%)#.+1.O7&08$*.+%.)118'8)3'*.+1.,)1)'$.
'+%%)'$8+3
QN&07&$8+3.+1.LL.`#)1703)##
VA K!!%:'$%,/-%2/'3-%'6+-$<",#'*%&-$#'5 W-:-.,%5-*+#,4% >'%$-51.-%5-:-.,+
VM K!!%&$#'$%,'%,/-%5-,-.,#'*%':%"%5-:-., W-:-.,%5-*+#,4% >'%$-51.-%5-:-.,+
VO K!!%&$#'$%,'%,/-%-*/"*.-)-*, W-:-.,%5-*+#,4% >'%&$-<-*,%5-:-.,+%
VB K!!%+16+-01-*,%,'%,/-%5-,-.,#'*%':%"%
5-:-.,
W-:-.,%5-*+#,4% >'%&$-<-*,%"*%#*,$'51.,#'*%':%*-2%5-:-.,+%%'$%1*-H&-.,-5%
+#5-%-::-.,+%2/-*%,/-%.'5-%#+%)'5#:#-5%:'$%5-:-.,%
.'$$-.,#'*8
VR K!!%+16+-01-*,%,'%,/-%+,"$,%':%"*%
-*/"*.-)-*,
W-:-.,%5-*+#,4% >'%&$-<-*,%"*%#*,$'51.,#'*%':%5-:-.,+%2/-*%,/-%.'5-%#+%
)'5#:#-5%:'$%-*/"*.-)-*,8
VG KQ!!% >/-%51$",#'*%,/",%,/-%5-:-.,%$-)"#*+%1*:#H-5 >'%+/'$,-*%,#)-%+&"*%%,'%:#H%,/-%5-:-.,+
VT KQ!!%.'*+#5-$#*(%5-:-.,#<-%)-,/'5+%':%
-"./%5-:-.,
>/-%,',"3%-::'$,%,'%.'$$-.,%,/-%5-:-., >'%$-51.-%,',"3%-::'$,%,'%$-)'<-%5-:-.,+
VJ KQ!!%.'*+#5-$#*(%5-:-.,C:$--%)-,/'5+%
,/",%2-$-%"..-++-5%
>/-%,',"3%-::'$,%+&-*,%'*%5-:-.,C:$--%)-,/'5+ >'%$-51.-%,',"3%-::'$,%,'%3'."3#@-%5-:-.,+
VL K!!%51$#*(%,/-%5-:-.,%.'$$-.,#'* >/-%,',"3%-::'$,%%,'%.'$$-.,%,/-%5-:-., >'%$-51.-%,',"3%-::'$,%,'%.'$$-.,%5-:-.,+
VAZ K!!%':%5-:-.,#<-%)-,/'5+%&$#'$%,'%,/-%
5-,-.,#'*%':%"%5-:-.,%
S::'$,%+&-*,%'*%,/-%)'5#:#.",#'* >'%$-51.-%-::'$,%%,'%1*5-$+,"*5%"%)-,/'5
VAA K!!%':%5-:-.,#<-%)-,/'5+%51$#*(%"%
5-:-.,%.'$$-.,#'*
S::'$,%+&-*,%'*%,/-%)'5#:#.",#'* >'%$-51.-%-::'$,%,'%$-)'<-%"%5-:-.,
VAM K!!%':%5-:-.,C:$--%)-,/'5+%&$#'$%,'%,/-%
5-,-.,#'*%':%"%5-:-.,
S::'$,%+&-*,%'*%3'."3#@#*(%,/-%5-:-., >'%$-51.-%-::'$,%,'%1*5-$+,"*5%"%)-,/'5
VAO K!!%':%5-:-.,C:$--%)-,/'5+%51$#*(%,/-%
5-:-.,%.'$$-.,#'*
S::'$,%+&-*,%'*%3'."3#@#*(%,/-%5-:-., >'%$-51.-%-::'$,%,'%3'."3#@#*(%"%5-:-.,
VAB K!!%51$#*(%,/-%5-:-.,%.'$$-.,#'* !$-.#+#'*%':%3'."3#@#*(%,/-%5-:-., >'%$-51.-%-::'$,%+&-*,%+-"$./#*(%:'$%5-:-.,+%#*%2$'*(%
)-,/'5+
/&"0).@54-./A).C)$%8'#.1+%.&3&0*V83<.$A).8CD&'$.+1.D&8%.D%+<%&CC83<
U8<7%).@54./A).1%&C)J+%;..$+.)N&07&$)..LL.)11)'$#.+3.O7&08$*
U8<7%).@59../A).1%&C)J+%;..$+.)N&07&$)..LL.)11)'$#.+3.)118'8)3'*.+1.,)1)'$.'+%%)'$8+3#
!"(-%MA%
@5@5 ])#8<3.+1.$A).#$7,*N..'$5#*(%,'%I'/3#*%cI'/3#*%-,%"38?%MZZZd?%."+-%+,15#-+%"$-%"&&$'&$#",-%:'$%"*%#*51+,$#"3%-<"31",#'*%':%+':,2"$-%
-*(#*--$#*(%)-,/'5+8 %>/-%5#::-$-*.- %6-,2--*%."+-%+,15#-+ %"*5%-H&-$#)-*,+% #+ %'*%,/-%)"*#&13",#'*%'<-$ % ,/-%
+")&3-8%\"+-%+,15#-+%+")&3-%%:$')%<"$#"63-+%,/",%$-&$-+-*,%,4&#."3%.#$.1)+,"*.-%':%,/",%+&-.#:#.%.'*,-H,8%I#,/'1,%
.'*,$'3+%',/-$%#*:31-*.#*(%:".,'$+?%#,%#+%+')-2/",%5#::#.13,%,'%#*,-$&$-,%,/-%$-+13,+8%
>/-%"#)%':%,/#+%."+-%+,154%#+%,'%-<"31",-%,/-%#)&".,+%':%&"#$%&$'($"))#*(%'*%,/-%01"3#,4%':%&$'51.-5%+'1$.-%
.'5-8%>/-%+':,2"$-%01"3#,4%#+%)-"+1$-5%64%,/-%,',"3%*1)6-$%':%5-:-.,+%&-$%)-,/'5%"*5%,/-%5-:-.,%5-*+#,48%W","%
2"+%.'33-.,-5%:$')%"*%N(#3-%+':,2"$-%5-<-3'&)-*,%,-")%':%"%3"$(-%)"*1:".,1$#*(%.')&"*48%I-%:'.1+-+%'*%,2'%
".,#<#,#-+ %':% ,/-%,-")[%5-:-., %.'$$-.,#'*+ %"*5%+':,2"$- %-*/"*.-)-*,+8 %>/-%)"#*%#*5-&-*5-*, %<"$#"63- %':% ,/-%
"*"34+#+ %#+% ,/-%5#::-$-*.-%#*%&-$.-*,"(-%':%!"#$%!$'($"))#*(%"&&3#-5%:'$%-"./%)-,/'58%>/-%)"#*%5-&-*5-*,%
<"$#"63-+%"$-%,/-%5-:-.,%5-*+#,4%':%)-,/'5+?%,/-%,#)-%+&"*%"*5%-::'$,%51$#*(%5-:-.,%.'$$-.,#'*%".,#<#,#-+8%Q'$-%
5-,"#3%'*%/4&',/-+-+%"*5%<"$#"63-+%"$-%&$'<#5-5%#*%,/-%*-H,%+-.,#'*8%
I/-*%1+#*(%,/-%."+-%+,154?%#,%#+%*-.-++"$4%,'%1*5-$+,"*5%,/-%-::-.,+%':%.'*:'1*5#*(%:".,'$+8%\'*:'1*5#*(%:".,'$+%
)"7-%#,%#)&'++#63-%,'%5#+,#*(1#+/%,/-%-::-.,%:$')%,2'%:".,'$+%:$')%-"./%',/-$%cI'/3#*%-,%"38?%MZZZd8%N+%+1((-+,-5%
#*%"*%:$")-2'$7%:'$%$-+-"$./%'*%&"#$%&$'($"))#*(cX"*+%-,%"38?%MZZOd?%,/$--%,4&-+%':%<"$#"63-+%"::-.,%'1,.')-%':%
&"#$%&$'($")#*(?%.')&$#+#*(%+16D-.,?%,"+7?%"*5%-*<#$'*)-*,%<"$#"63-+%]>"63-%O8M^8%I#,/%$-("$5%,'%,/#+%+,154?%
+16D-.,%<"$#"63-+%$-:-$%,'%./"$".,-$#+,#.+%':%,/-%&"#$+i%,"+7%$-:-$+%,'%,/-%,4&-%':%2'$7?%#8-8%5-:-.,%.'$$-.,#'*+%"*5%
+':,2"$-%-*/"*.-)-*,i%-*<#$'*)-*,%$-:-$+%,'%5-<-3'&)-*,%&$'.-++?%,''3+?%"*5%&$'D-.,%:".#3#,#-+8%Y#*.-%2-%5#5%*',%
.'*,$'3%,/-%+16D-.,%"*5%,"+7%<"$#"63-+?%+')-%+,",#+,#."3%)'5-3+%"$-%1+-5%,'%,-+,%,/-#$%#*:31-*.-+8%>/-%+,",#+,#."3%
,-+,+%"&&3#-5%"$-%5-+.$#6-5%#*%Y-.,#'*%O8G8%X'2-<-$?%2-%."**',%6-%.-$,"#*%"6'1,%,/-#$%-::-.,8
9*-%.'*.-$*%"6'1,%."+-%+,15#-+%2#,/%+)"33%+")&3-%+#@-%#+%,/",%,/-4%"$-%+-35')%"%(''5%#*+,$1)-*,%:'$%5#+.'<-$#*(%
+':,2"$- % -*(#*--$#*( % &$#*.#&3- % cI'/3#* % -, % "38? % MZZZd8 % _#*5#*(+ %)"46- % 5#::-$-*, %2/-* % ,/- % +."3- % #*.$-"+-+?%
"3,/'1(/%#,%"#)+%",%1*5-$+,"*5#*(%,/-%+")-%#++1-8%>/#+%.'*.-$*%#+%5#+.1++-5%#*%Y-.,#'*%cU"33#+%-,%"38?%MZZOd%8
G7"M)'$.N&%8&"0)# /&#;.N&%8&"0)# Q3N8%+3C)3$.N&%8&"0)#
C%S51.",#'*%"*5%-H&-$#-*.-
C%!-$+'*"3#,4
C%\'))1*#.",#'*
C%>4&-%':%&"#$#*(
C%Y2#,./#*(%&"$,*-$+
C%>4&-%':%,"+7
C%\')&3-H#,4
C%!$#'$#,4
C%W-<-3'&)-*,%&$'.-++
C%W-<-3'&)-*,%,''3
C%I'$7%+&".-%:".#3#,4
/&"0)[email protected]+3$)R$.N&%8&"0)#
I-%1+-%"*%;'*+1#7#*/)($)6610)+"E% ,'%.'*51.,%,/-%+,1548%>/#+%"&&$'"./%)"7-+%#,%:3-H#63-%2/-*%.'&#*(%2#,/%
1*.-$,"#*,4%':%-)&#$#."3%$-+-"$./8%>'%(#<-%"%6#(%&#.,1$-?%2-%-H&3"#*%'1$%$-+-"$./%#*%:#<-%3'(#."3%&/"+-+8%W1$#*(%
,/-%-H-.1,#'*? %2-%5#5%*', %&$'.--5 % ,' % ,/- %*-H, %&/"+- %+-01-*,#"3348 %>/-%&$'.-++ %': %&3"**#*(? %-H-.1,#'*? %"*5%
<"3#5",#'*%'..1$+%#,-$",#<-34%($-",34%51-%,'%,/-%$-+13,%:$')%,/-%&$-<#'1+%#,-$",#'*8%
S+<8'&0.DA&#).4.Y.QRD0+%&$8+3[%>/-%('"3%':%,/-%#*#,#"3%-H&3'$",#'*%&/"+-%#+%,'%".01#$-%:1*5")-*,"3%7*'23-5(-%
$-("$5#*( %-)&#$#."3 % $-+-"$./ % #* % +':,2"$- % -*(#*--$#*(? %)",/-)",#.+ % "*5 % +,",#+,#."3 %)-,/'5+8 %>/- % &$-<#'1+34%
.'33-.,-5%5","%+'1$.-+%"$-%-H&3'$-58%
S+<8'&0.DA&#).9.Y.L0&3383<[%>/-%('"3%':%,/-%&3"*#*(%&/"+-%#+%,'%&$-&"$-%,/-%5-,"#3-5%5-+#(*%':%,/-%."+-%+,154%#*%
'$5-$ % ,' % "*"34@- % ,/- % -::-.,+ % ': % 1+#*( % &"#$ % &$'($"))#*( %1*5-$ % 1*.'*,$'33-5 % -*<#$'*)-*,8 %>/- % &$-&"$",#'*%
#*.315-+%,/-%.'*+,$1.,#'*%':%,/-%)"#*%/4&',/-+-+%"*5%,/-%#5-*,#:#.",#'*%':%.'*.-$*-5%<"$#"63-+8%>/-%)-,$#.+%"$-%
5-:#*-5%,'%:13:#33%,/-%)-"+1$-)-*,%('"38%>/-%5-:#*#,#'*+%':%)-,$#.+%$-<-"3%,/-%3#+,%':%5","%*--5-5%,'%6-%.'33-.,-58%
N55#,#'*"334?%,/-%/4&',/-+-+%+1((-+,%,/-%+,",#+,#."3%)-,/'5+%,'%6-%&-$:'$)-58
S+<8'&0 .DA&#) .@ .a .]&$& . '+00)'$8+3[ %>/- %('"3 %': % ,/#+ %&/"+- % #+ % ,' %(",/-$ % ,/- %5"," % $-01#$-5 % :'$ % ,/- %)-,$#.%
."3.13",#'*+8%>/-%./"33-*(-%':%,/#+%+,"(-%#+%,'%#5-*,#:4%)-,/'5+n.3"++-+%.'*,$#61,#*(%5-:-.,+? %(#<-*%,/-%5-:-.,%
,$".7#*(%#*:'$)",#'*%"*5%2'$7%,#)-%+&-*,%'*%-"./%.3"++n)-,/'5%#*%,/-%+'1$.-%.'5-8%>'%"./#-<-%,/#+?%2-%.'*+,$1.,%
"%5-:-.,C)-,/'5%)"&&#*(%"3('$#,/)%"*5%#5-*,#:4%"55#,#'*"3%"$,#:".,+%*--5-5%"+%-<#5-*.-+%':%,/-%5-:-.,%.'$$-.,#'*8%
!"(-%MM%
Y1./%-<#5-*.-+%#*.315-%,/-%,#)-%:$")-+%,/",%5-<-3'&-$+%2'$7%'*%,/-%+&-.#:#.%,"+7+%"*5%,/-%".,#<#,4%3'(%:$')%,/-%
&$'D-., % +'1$.- % .'*,$'3 % +4+,-)8 % >/- % $-01#$-5 % 5"," % (",/-$-5 % :$') % +-<-$"3 % +'1$.-+ % /"<- % ,' % 6- % :#3,-$-5 % "*5%
+4*./$'*#@-58%
S+<8'&0.DA&#).?.a.B)$%8'.'&0'70&$8+3[%>/-%('"3%':%,/#+%&/"+-%#+%,'%."3.13",-%)-,$#.+%:'$%/4&',/-+-+%,-+,#*(8%
X"<#*( % +1::#.#-*, % 5"," % #* % &3".-? % 2- % "$- % "63- % ,' % &-$:'$) % ,/- % 5-:-.,C)-,/'5n.3"++ % #5-*,#:#.",#'* % "*5 % &"#$%
&$'($"))#*(C)-,/'5n.3"++%#5-*,#:#.",#'*8%Y1./%#5-*,#:#.",#'*+%"33'2%,/-%.')&1,",#'*%':%)-,$#.+%$-3",-5%,'%,/-%
01"3#,4%':%,/-%+'1$.-%.'5-?%,/-%5-:-.,%.'$$-.,#'*%".,#<#,4?%"*5%,/-%&"#$%&$'($"))#*(%-::'$,%,'%6-%5'*-8%N33%5","+-,+%
*--5-5%,'%,-+,%/4&',/-+-+%"$-%(-*-$",-5%64%,/-%-*5%':%,/#+%&/"+-8%
S+<8'&0.DA&#).F.Y.]&$&.&3&0*#8#[%>/-%('"3%':%5","%"*"34+#+%#+%,'%5$"2%<"3#5%.'*.31+#'*+%:$')%,/-%+")&3-+8%>'%
"./#-<-%,/#+?%2-%+-3-.,%,/-%"&&$'&$#",-%+,",#+,#.%)'5-3+%:'$%/4&',/-+-+%,-+,#*(%64%'6+-$<#*(%,/-%5","%5#+,$#61,#'*%
"*5%&$-+1)&,#'*+%':%,/-%)'5-3+8%>/-%)'5-3+%)"#*34%.'*.-$*%2#,/%01"*,#:4#*(%"%$-3",#'*+/#&%':%<"$#"63-+%"*5%
.')&"$#*( % -::-.,+ % ': % ,$-",)-*,+8 % Y,",#+,#."3 % #*:-$-*.- % #+ % 1+-5 % ,' %)"7- % (-*-$"3#@",#'*+ % "6'1, % 1*)-"+1$-5%
&'&13",#'*+8%I-%1+-5%cPd%,'%&-$:'$)%+,",#+,#."3%"*"34+#+8
@5@545 b*D+$A)#)#
>/-%:'1*5",#'*%:'$%+,",#+,#."3%"*"34+#+%#+%/4&',/-+#+%,-+,#*(%cI'/3#*%-,%"38?%MZZZd8%>/-%5","%.'33-.,-5%51$#*(%,/-%
."+-%+,154%#+%1+-5%,'%$-D-.,%,/-%*133%/4&',/-+-+8%F:%,/-%*133%/4&',/-+#+%#+%$-D-.,-5%,/-*%.'*.31+#'*+%."*%6-%5$"2*?%
1*5-$ %(#<-* % $#+7%': %-$$'$8 % F* % ,/-%5-+#(* %': %."+- % +,154? % ,/- % $-+-"$./ %01-+,#'*+ %"$- % :'$)"3#@-5 % #*,' %" % +-, %':%
/4&',/-+-+8%>2'%,4&-+%':%/4&',/-+-+%"$-%5-:#*-5[
! N%*133%/4&',/-+-+%XZ%[%>/#+%/4&',/-+#+%+,",-5%,/",%,/-$-%#+%*'%$-3",#'*+/#&%6-,2--*%<"$#"63-+%#*%,/-%&'&13",#'*8%
>/-%$-"+'*%:'$%5#::-$-*.-+%#*%+")&3-%"$-%.'#*.#5-*,8
! N*%"3,-$*",#<-%/4&',/-+-+%XA%[%>/#+%/4&',/-+#+%#+%'&&'+#,-%,'%,/-%*133%/4&',/-+#+8
>/-$-%"$-%,2'%,4&-+%':%-$$'$%$-3",-5%,'%/4&',/-+#+%,-+,#*(8%>4&-%F%-$$'$%/"&&-*+%2/-*%"%*133%/4&',/-+#+%#+%$-D-.,-5%
-<-* % ,/'1(/, % ,/-$- % #+ %*'%$-"3 % $-3",#'*+/#&%'$ %&",,-$* % #* % ,/- %&'&13",#'*8 %>4&- %FF %-$$'$ %/"&&-*+ %2/-*%"%*133%
/4&',/-+#+%#+%"..-&,-5%-<-*%,/'1(/,%,/-$-%".,1"334%#+%"%&",,-$*%'$%$-3",#'*+/#&8%!$'6"6#3#,4%':%,4&-%F%-$$'$%#+%,/-%
+#(*#:#."*,%3-<-3%':%,/-%,-+,8
F*%,/#+%,/-+#+?%2-%,-+,%,/-%-::-.,%':%!!%64%,/-%:'33'2#*(%*133%/4&',/-+-+8
Q11)'$.+1.LL.+3.O7&08$*
! XZA%[%>/-$-%#+%*'%+#(*#:#."*,%.'$$-3",#'*%6-,2--*%,/-%)-"+1$-+%':%!!%"*5%,/-%)-"+1$-%':%01"3#,4%1*5-$%
.'*+#5-$",#'*+8
! XZM%[%>/-%+")&3-+%':%,/-%)-"+1$-+%':%01"3#,4%2#,/%)-"+1$-+%':%!!%3-++%,/"*%,/-%+-3-.,-5%,/$-+/'35+%"$-%*',%
+#(*#:#."*,34%5#::-$-*,%:$')%,/-%+")&3-+%':%,/-%)-"+1$-+%':%01"3#,4%2#,/%)-"+1$-+%':%!!%-01"3%'$%)'$-%,/"*%
,/-%%+-3-.,-5%,/$-+/'358
Q11)'$.+1.LL.+3.)118'8)3'*.+1.,)1)'$.'+%%)'$8+3#
! XZO%[%>/-$-%#+%*'%+#(*#:#."*,%.'$$-3",#'*%6-,2--*%,/-%)-"+1$-+%':%!!%"*5%,/-%)-"+1$-%':%5-:-.,%.'$$-.,#'*%
-::#.#-*.4%1*5-$%.'*+#5-$",#'*+8
! XZB%[ %>/-%+")&3-+ %': % ,/-%)-"+1$-+ %': %5-:-., %.'$$-.,#'* %-::#.#-*.4%2#,/%)-"+1$-+ %': %!!% 3-++% ,/"*% ,/-%
+-3-.,-5%,/$-+/'35%"$-%*',%+#(*#:#."*,34%5#::-$-*,%:$')%,/-%+")&3-+%':%,/-%)-"+1$-+ %':%5-:-., %.'$$-.,#'*%
-::#.#-*.4%2#,/%)-"+1$-+%':%!!%-01"3%'$%)'$-%,/"*%,/-%+-3-.,-5%,/$-+/'358
!"(-%MO%
@5?5 ]&$&.'+00)'$8+3>/-%."+-%+,154%2"+%.'*51.,-5%,'%#*<-+,#(",-%,/-%#)&".,+%':%&"#$%&$'($"))#*(%'*%,/-%.'5-%01"3#,48%>/-%5","%2"+%
.'33-.,-5%:$')%"*%N(#3- %+':,2"$- %5-<-3'&)-*, % ,-")%#*%"*%F,"3#"* %)"*1:".,1$#*(%.')&"*4%2/#./%&$-:-$+ % ,'%
$-)"#* %"*'*4)'1+8 %>/-%5"," %2"+ %.'33-.,-5 %'<-$ %'*- %4-"$ % % :$')%k134%MZZT% ,' %Y-&,-)6-$ %MZZJ8 %>"63- %O8O%
&$'<#5-+%5-,"#3-5%#*:'$)",#'*%'*%'1$%5","%+'1$.-8
>/-%5","%2"+%.'33-.,-5%64%1+#*(%':%!P9%Q-,$#.+%]!P9Q^%cY#33#,#%-,%"38?%MZZO%?%Y.',,'%-,%"38?%MZZGd8%!P9Q%#+%"*%
"1,')",-5%,''3%:'$%5","%".01#+#,#'*%"*5%"*"34+#+%,/",%.'33-.,+%6',/%&$'51.,%"*5%&$'.-++%)-"+1$-+8%F,+%5-+#(*%#+%
6"+-5%'*%,/-%&31(C#*%"$./#,-.,1$-%2/#./%"33'2+%,/-%,''3%,'%6-%#*,-($",-5%,'%5-<-3'&)-*,%-*<#$'*)-*,%"*5%'::#.-%
"&&3#.",#'*+8%W","%#+%.'33-.,-5%#*%"%*'*C#*<"+#<-%)"**-$%2#,/%<-$4%3#,,3-%#*,-$<-*,#'*%:$')%/1)"*+8%>/-$-:'$-?%,/-%
.'33-.,-5%5","%#+%.'*+#5-$-5%<-$4%&$-.#+-8
!P9Q%.'33-.,-5%5","%'*%5-<-3'&-$+o%".,#<#,#-+%",%,/-#$%.')&1,-$8%>/#+%5","%.'*+#+,+%#*%+-$#-+%':%,#)-%:$")-+%,/",%
$-:3-.,%#*,-$".,#'*%':%5-<-3'&-$+%'<-$%,/-%+'1$.-%.'5-?%"*5%+-$#-+%':%&"#$%&$'($"))#*(%1+"(-8%S"./%#*,-$".,#'*%
.'*+#+,+%':%"%,#)-+,")&?%,/-%*")-%':%.1$$-*,34%:'.1+-5%)-,/'5%'$%.3"++?%,/-%51$",#'*?%"*5%F5+%':%&"#$%5-<-3'&-$+%
#*%."+-%&"#$%&$'($"))#*(%2"+%&$".,#.-5%51$#*(%,/",%,#)-:$")-8
!')'5'$'%&31(C#*%#*%!P9Q%#+%"%)-"*%,/",%/-3&+%1+%,'%$-3",-%,/-%5-:-.,%.'$$-.,#'*%"*5%+':,2"$-%-*/"*.-)-*,%
".,#<#,#-+%,'%,/-%)-,/'5+%#*%.3"++-+%,/",%2-$-%"..-++-5%#*%,/-%."1+-%':%"..')&3#+/#*(%,/'+-%,"+7+8%>/#+%&31(C#*%
"33'2+%5-<-3'&-$+ % ,'%+&-.#:4% ,/-%+&-.#:#. % ,"+7% ,/", % ,/-4%2-$- %2'$7#*(%'*8%>/-%.-$,"#* %&-$#'5%': % ,#)-%+&-*,%
2'$7#*(%'*%,/", %&"$,#.13"$ % ,"+7%2"+%$-.'$5-5 %"1,')",#."334%64%,/-%,''38 %>/-+-%#*:'$)",#'*%#+ %.'*+#5-$ %<-$4%
.$1.#"3%:'$%'1$%."+-%+,1548
I-%.'*+#5-$%,/-%5","%.'33-.,-5%:$')%!P9Q%<-$4%$-3#"63-%:'$%+-<-$"3%$-"+'*+8%_#$+,%':%"33?%&$'($"))-$+%2-$-%
:")#3#"$ %2#,/ % "* % #*,-$:".- % ': % !P9Q%"*5 % #,+ % !! % :1*.,#'*8 % Y-.'*5? % ,/- % +1))"$#@-5 % 5"," % $-&$-+-*,#*( % ,/-%
&-$.-*,"(-%':%,#)-%+&-*,%'*%-"./%"&&3#.",#'*%/"+%6--*%+-*5#*(%,'%,/-)%'*%"%5"#34%6"+#+8%_1$,/-$)'$-?%,/-4%/"<-%
6--*%$-&-",-534%"+7-5%,'%<"3#5",-%"*5%.'*:#$)%,/-%.'$$-.,*-++%':%,/-%5","8
F, % #+ % #)&'$,"*, % ,' %)-*,#'* %&$#<".4 % #++1-+ % $-("$5#*( % ,/- %1+- %': %!P9Q?%"+ % ,/- % .'33-.,-5 %5"," % #+ %.'*+#5-$-5%
.'*:#5-*,#"38%F*%'1$%."+-?%&$'($"))-$+%2-$-%#*:'$)-5%#*%5-,"#3%"6'1,%,/-%,''3%"*5%5","%.'33-.,#'*8%>/-4%"3+'%/"5%
"*%"..-++%,'%,/-#$%'2*%$-.'$5+%"*5%,-")%+1))"$#@-5%5","8%N+%,/-%,$".7#*(%5","%2"+%+,'$-5%#*%"%&-$+'*"3%)"./#*-%
6-:'$-%+-*5#*(%,'%,/-%.-*,$"3%5","6"+-?%&$'($"))-$+%"$-%"63-%,'%./-.7%,/'+-%$-.'$5+%"*4%,#)-%"*5%5-.#5-%#:%,/-4%
+/'135%6-%5-3-,-58%>/#+%".,#'*%2-$-%,$"*+&"$-*,%,'%1+8%Q'$-%#)&'$,"*,34?%,/-%&"$,#.#&",#'*+%,'%,/-%+,154%2"+%'*%"%
<'31*,"$4%6"+#+8
!"(-%MB%
G+7%')# ]&$& ])#'%8D$8+3 G7CC&%8V),.,&$&.18)0,#
!P9Q I'$7%,#)- F,%#+%,#)-%#*%+-.'*5+%+&-*,%'*%"%
.-$,"#*%)-,/'5n.3"++%2/#./%
"1,')",#."334%.'33-.,-5%64%
!P9Q8%
! >#)-+,")&?%5",-%"*5%,#)-%",%2/#./%,/-%
-<-*,%'..1$+
! f")-%':%.1$$-*,34%1+-5%+':,2"$-
! f")-%':%"%.1$$-*,%:#3-?%*")-+&".-?%.3"++?%
)-,/'5?%"*5%&"$")-,-$+%%]:'$%5-<-3'&#*(%
-*<#$'*)-*,^
! W1$",#'*
!!%,#)-:$")- F,%#+%"%,#)-%:$")-%,/",%"%&"#$%':%
5-<-3'&-$+%2'$7+%,'(-,/-$%'*%
+&-.#:#.%&#-.-+%':%+'1$.-%.'5-8%
! >#)-+,")&?%5",-%"*5%,#)-%",%2/#./%,/-%
-<-*,%'..1$+
! W-<-3'&-$%AE+%#5
! W-<-3'&-$%ME+%#5%
! N%*")-%':%"%.1$$-*,34%:'.1+%2#*5'2%]:'$%
(-*-$"3%"&&3#.",#'*^%
! N%*")-%':%"%.1$$-*,%:#3-?%*")-+&".-?%
.3"++?%)-,/'5?%"*5%&"$")-,-$+%]:'$%
5-<-3'&#*(%-*<#$'*)-*,^
! W1$",#'*
!P9Q%C%
!9Q9W9P9
I'$7#,-)%C%
,#)-:$")-
F,%#+%"%,#)-:$")-%,/",%%"%
5-<-3'&-$%2'$7+%'*%"%+&-.#:#.%
2'$7#,-)8%>/#+%#*:'$)",#'*%#+%
.'33-.,-5%64%"%:-",1$-%#*%
!P9Q?%,/",%"33'2+%"%
5-<-3'&-$%,'%)"*1"334%$-.'$5%
,/-%,#)-%+&-*,%'*%"%.-$,"#*%
,"+78%
! >#)-+,")&?%5",-%"*5%,#)-%",%2/#./%,/-%
-<-*,%'..1$
! W-<-3'&-$E+%#5
! I'$7#,-)%#5%'$%2'$7%5-+.$#&,#'*
! I'$7%+,",-%]+,"$,?%+,'&?%&"1+-?%,#)-'1,^
! W1$",#'*
I'$7#,-)%
,$".7#*(
I'$7#,-)%
,$".7#*(%
#*:'$)",#'*
F,%#+%"%5-,"#3%':%".,#<#,#-+%
$-<'3<#*(%"$'1*5%"%2'$7#,-)8%
I'$7%#,-)+%"$-%':%,/$--%,4&-+?%
#8-8%"%5-:-.,?%1+-$%+,'$4?%"*5%
,"+78%
! I'$7#,-)%#5
! W-+.$#&,#'*
! I'$7%#,-)E+%+,",-
! P-"+'*%]':%,/-%./"*(#*(%+,",-^
! \$-",-5%5",-
! N++#(*-5%,'
! N.,#<",-5%5",-
! N.,#<",-5%64
! P-+'3<-5%5",-
! P-+'3<-5%64
! \3'+-5%5",-
p-$+#'*%
.'*,$'3%+4+,-)
Y'1$.-%.'5-%
./-.7C#*%
#*:'$)",#'*
F,%#+%"%+,",-%':%:#3-+%,/",%2-$-%
)'5#:#-5%"*5%.'))#,,-5%,'%,/-%
<-$+#'*%.'*,$'3%+4+,-)8%
! _#3-%#5-*,#:#.",#'*
! p-$+#'*%*'8
! \/-.7C#*%5",-
! \/-.7C#*%&-$+'*"3
! >',"3%*1)6-$%':%3#*-+%"55-5
! >',"3%*1)6-$%':%3#*-+%5-3-,-5
! >',"3%*1)6-$%':%3#*-+%)'5#:#-5
Q-,/'5%+,",1+%
,$".7#*(
F,%#+%"%+,",-%':%)-,/'5+%#*%"%
.3"++n:#3-%2/#./%2"+%)'5#:#-5%
"*5%.'))#,,-5%,'%,/-%<-$+#'*%
.'*,$'3%+4+,-)8
! Q-,/'5%#5-*,#:#.",#'*
! _#3-%#5-*,#:#.",#'*
! p-$+#'*%*'8
! \/-.7C#*%5",-
! \/-.7C#*%&-$+'*
! \/"*(#*(%+,",-%':%"%)-,/'5
/&"0).@5@-.]&$&.#+7%')#
!"(-%MR%
@5F5 /A).#&CD0)F*%,/-%."+-%+,154?%2-%1+-%,/-%&-$.-*,"(-%':%&"#$%&$'($"))#*(%]K!!^%"&&3#-5%'*%-"./%)-,/'5%#*%.3"++-+%"+%"*%
#*5-&-*5-*,%<"$#"63-8%I-%5-:#*-5%"%)-./"*#+)%,'%#5-*,#:4%"%.-$,"#*%*1)6-$%':%)-,/'5+%.'*,$#61,#*(%5-:-.,+8%
>/#+%($'1&%':%)-,/'5+%#+%1+-5%"+%"%+")&3-%,'%+,154%&'++#63-%#)&".,+%':%&$".,#.#*(%&"#$%&$'($"))#*(%64%)-"*%':%
+,",#+,#.8%>/-%&'&13",#'*%#+%"33%)-,/'5+%#*%,/-%+'1$.-%.'5-%6-#*(%".,#<",-5%51$#*(%,/-%&-$#'5%':%+,1548%
/A).C&DD83<.+1.&.,)1)'$.a.,)1)'$8N).C)$A+,#
>/-%)-./"*#+)%:'$%)"&&#*(%"%5-:-.,+%"*5%,/-%)-,/'5+%'$%.3"++-+%)'5#:#-5%#*%,/-%."1+-%':%5-:-.,%.'$$-.,#'*%#+%
5-,-$)#*-5%#*%!/"+-%M%l%5","%.'33-.,#'*8%Y')-%"&&$'"./-+%"$-%.'*+#5-$-5%"*5?%2#,/%3#)#,",#'*%':%/#+,'$#."3%5","?%
,/-%)'+,%:-"+#63-%"3('$#,/)%#+%#5-*,#:#-5%]W#"($")%A^8%
9*-%':%,/-%./"33-*(-+%#*%,/#+%$-+-"$./%#+%,'%3#*7%5-:-.,+%,'%.'$$-+&'*5#*(%)-,/'5+%"*5%.3"++-+8%>/-%.3"$#:#.",#'*%
':%,/-%5-:-.,%l%)-,/'5%#5-*,#:#.",#'*%"3('$#,/)%#+%5-+.$#6-5%#*%,/#+%+-.,#'*8
A^ 6,)3$818'&$8+3.+1.,)1)'$#.J8$A.$A).'+CD0)$).831+%C&$8+38%I-%5-:#*-5%,/-%&$-3#)#*"$4%.'*5#,#'*+%:'$%
,/-%5-:-.,+%,'%6-%#*.315-5%#*%,/-%"*"34+#+%"+%:'33'2-5[%
! N%5-:-.,%/"+%.')&3-,-%,$".7#*(%#*:'$)",#'*%51$#*(%,/-%3#:-%.4.3-8%>/-%-++-*,#"3%#*:'$)",#'*%.')&$#+-+%,/-%
5-:-.,%#5?%,/-%,#,3-?%,/-%+,",-?%,/-%$-"+'*%]$-+'31,#'*^?%$-+&'*+#63-%&-$+'*%':%-"./%+,",-%./"*(-?%"*5%,#)-+,")&%':%
-"./%+,",-%./"*(-8
! N% ,"+7 % #+ % "..')&3#+/ % "*5 % ,/- % .'$$-.,#'* % #*,$'51.-+ % +')- % ./"*(-+ % #* % ,/- % +'1$.- % .'5-8 % >/#+ % ."* % 6-%
5-,-$)#*-5%64%,/-%2'$7%#,-)E+%:#*"3%+,",-%"*5%,/-%$-+'31,#'*8%>/-%2'$7%#,-)E+%$-+'31,#'*%*',%$-+13,#*(%#*%+'1$.-%
.'5-%)'5#:#.",#'*+%#+%-H.315-5%:$')%,/-%"*"34+#+8%
M^ 6,)3$818'&$8+3.+1.&.#)O7)3').+1.$8C).1%&C)#.$A&$.,)N)0+D)%#.J+%;.+3.$A).#D)'818'.,)1)'$5%>/-%#*&1,%
,'%,/#+%+,-&%#+%,/-%3#+,%':%-<-*,+%(-*-$",-5%64%!P9Q%l%!')'5'$'8%>/-%,''3%.$-",-+%"*%-<-*,%2/-*%,/-%2'$7%
+-++#'*%'*%,/-%+&-.#:#.%2'$7#,-)%#+%+,"$,-5? %&"1+-5?%$-+1)-5?%'$%+,'&&-58%N+%,/1+?%(#<-*%,/-%5-:-., %.W#?%,/-%
+-01-*.-%':%5-:-.,%.'$$-.,#'*%,#)-%:$")-+%]>A%l%>*^%#+%5-,-$)#*-58
O^ 6,)3$818'&$8+3.+1.#)%8)#.+1.C)$A+,#.+%.'0&##)#.")83<.83N+;),.,7%83<.$A).,)1)'$.'+%%)'$8+3#5. .>/-%
#*&1,%,'%,/#+%+,-&%#+%,/-%5-:-.,%.'$$-.,#'*%,#)-:$")-%]>A%l%>*^%"*5%,/-%5-<-3'&-$%l%+'1$.-%.'5-%#*,-$".,#'*+%5","%
.'33-.,-5%64%!P9Q8%b4%.')&"$#*(%2'$7%,#)-%'*%!P9Q%5","+-,?%,/-%3#+,%':%)-,/'5+%]QA%l%Q*^%6-#*(%#*<'7-5%
51$#*(%,/-%,#)-:$")-%>#% #+%#5-*,#:#-58 %>/#+%3#+,%.'*,"#*+%)-,/'5+%2/#./%"%5-<-3'&-$ %6$'2+-5%,/$'1(/%51$#*(%
5-:-.,%3'."3#@",#'*+%"*5%.'$$-.,#'*+8%!P9Q%5'-+%*',%$-.'$5%2/-,/-$%"*%"..-++%,'%"%:#3-%#+%,'%$-"5%+1./%:#3-%'$%,'%
)'5#:4%#,8%X'2-<-$?%+1./%#*:'$)",#'*%#+%#)&'$,"*,%:'$%,/#+%+,1548%>/-$-:'$-?%,/-%*-H,%+,-&%#5-*,#:#-+%,/-%)-,/'5+%
,/",%2-$-%"..-++-5%NfW%)'5#:#-5%51$#*(%,/-%5-:-.,%.'$$-.,#'*8
B^ 6,)3$818'&$8+3.+1.&.#7"#)$.+1.C)$A+,#.")83<.C+,818),.,7%83<.$A).,)1)'$.'+%%)'$8+3#5.>/-%#*&1,%,'%,/#+%
+,-&%#+%,/-%".,#<#,4%3'(%:$')%,/-%&$'D-.,%+'1$.-%.'*,$'3%+4+,-)8%>/#+%3'(%5","%&$'<#5-+%"%3#+,%':%:#3-+%"*5%.3"++-+%
,/",%/"<-%6--*%./"*(-5%:'$%-"./%.'))#,8%h+#*(%,/-%N!F%':%,/-%+'1$.-%.'*,$'3%+4+,-)?%2-%(-*-$",-%"*%"3('$#,/)%
,'%,$".7%,/-%+,",-%':%)-,/'5+%2/-*%#,+%6-3'*(#*(%:#3-%'$%.3"++%/"+%./"*(-5%]W#"($")%M^8
45.6,)3$818'&$8+3.+1.,)1)'$#.J8$A.'+CD0)$).831+%C&$8+3.X]4.a.]3.Z
95.6,)3$818'&$8+3.+1.#)O7)3')#.+1.$8C).1%&C).X/4.a./3.Z.$A&$.,)N)0+D)%#.J+%;.+3.$A).#D)'818'.,)1)'$..]8.
@5.6,)3$818'&$8+3.+1.#)%8)#.+1.C)$A+,#.+%.'0&##)#..XB4.a.B3.Z.")83<.83N+;),.,7%83<.$A).$8C)1%&C)./8.
?5.6,)3$818'&$8+3.+1.&.#7"#)$.+1.C)$A+,#.")83<.C+,818),.,7%83<.$A).$8C)1%&C)./8
]8&<%&C.4-.B)$A+,.Y.,)1)'$.8,)3$818'&$8+3.&0<+%8$AC
!"(-%MG%
@5I5 ]&$&.&3&0*#8#.&3,.83$)%D%)$&$8+3>'%&-$:'$)%,/-%"*"34+#+? %2-%1+-%+,",#+,#."3 %)-,/'5%,'%5-+.$#6-%,/-%5#+,$#61,#'*%':%<"$#"63-+ %"*5%$-3",#'*+/#&%
")'*(%,/-)8%W1$#*(%,/#+%&/"+-?%,/-%.'33-.,-5%5","%"$-%6-#*(%"*"34@-5%2#,/%+,",#+,#."3%)-,/'5+?%,/-*%,/-%$-+13,%
:$')%,/-%"*"34+#+%#+%6-#*(%#*,-$&$-,-5%,'%"%.'*.31+#'*%cI'/3#*%-,%"38? %MZZZd8%P%+,",#+,#.%#+%1+-5%:'$%+,",#+,#."3%
."3.13",#'*8%>'%6-%"63-%,'%5$"2%"%<"3#5%.'*.31+#'*%6"+-5%'*%,/-%5","+-,?%,/$--%+,-&+%#*%01"*,#,",#<-%#*,-$&$-,",#'*%
"$-%."$$#-5%'1,[%5-+.$#&,#<-%+,",#+,#.+?%5","+-,%$-51.,#'*?%/4&',/-+#+%,-+,#*(
])#'%8D$8N).#$&$8#$8'
W-+.$#&,#<- %+,",#+,#. % #+ %1+-5 % ,' % $-&$-+-*, %" %.'33-.,#'* %': %5","+-, %"*5 % #,+ % #*,-$-+,#*(%"+&-.,+? % :'$ % #*+,"*.- % ,/-%
&'+#,#'*+%'*%+."3-%"*5%5#+,$#61,#'*8%b-:'$-%."$$4#*(%'1,%,/-%/4&',/-+#+%,-+,#*(?%2-%1+-%5-+.$#&,#<-%+,",#+,#.%,'%
6-,,-$%1*5-$+,"*5%,/-%*",1$-%':%,/-%5","?%,'%'6+-$<-%#,+%5#+,$#61,#'*?%,'%#5-*,#:4%"6*'$)"3%5","%&'#*,+?%"*5%,'%
5-.#5-%2/",%+,",#+,#.%)-,/'5%"<"#3"63-%,'%1+-8%P-3-<"*,%+,",#+,#.%,'%5-+.$#6-%'1$%5","+-,%"$-%)-"+1$-%':%.-*,$"3%
,-*5-*.4?%)-"+1$-%':%5#+&-$+#'*?%5-&-*5-*.4?%"*5%"%+")&3-%+#@-8%
]&$&#)$.=),7'$8+3
9*-%2"4%,'%#5-*,#:4%-$$'$%#*%,/-%5","+-,%#+%,'%1+-%+.",,-$%&3',%"*5%'6+-$<-%,/-%'1,3#-$+8%N*%'1,3#-$%#+%"%5","%&'#*,%
2/#./%3'.",-+%:"$%:$')%,/-%$-+,%':%,/-%5","8%I/-*%'1,3#-$+%"$-%#5-*,#:#-5%#,%#+%#)&'$,"*,%,'%"*"34@-%,/-%$-"+'*%"*5%
5-.#5-%/'2%,'%&$'&-$34%,/$-",%,/-)8%F:%,/-%'1,3#-$+%"$-%51-%,'%"%$"$-%-<-*,%,/",%2'135%*',%/"&&-*%"("#*%'$%"$-%
)#+,"7-%#*%5","%.'33-.,#'*?%,/-%&'#*,%2'135%6-%-H.315-5%:$')%,/-%"*"34+#+8%F:%,/-%'1,3#-$+%"$-%51-%,'%"%$"$-%-<-*,%
,/",%2'135%&$'6"634%/"&&-*%"("#*%2-%.'*+#5-$%,'%6"+-%,/-%/4&',/-+-+%,-+,#*(%"3+'%'*%,/#+%&'#*,8%F:%'1,3#-$%#+%51-%
,'%"*',/-$%:".,'$%,/",%2"+%*',%.'*+#5-$-5%6-:'$-?%:'$%#*+,"*.-%"%5-:-.,%+-<-$#,4?%#,%#+%&'++#63-%,/",%2-%5-$#<-%,2'%
+-&"$",-5%)'5-3+%'*%,/#+%<"$#"63-8
b*D+$A)#8#.$)#$
>/-%&1$&'+-%':%/4&',/-+-+%,-+,#*(%#+%,'%+--%#:%#,%#+%&'++#63-%,'%$-D-.,%"%*133%/4&',/-+#+%XZ%6"+-5%'*%"%+")&3-8%>'%
,-+,%/4&',/-+#+?%2-%.'33-.,-5%+")&3-?%<-$#:4%"%+,",-)-*,?%"*5%.3"#)%"6'1,%,/-%&'&13",#'*8%I-%1+-+%"%5-.#+#'*%,$--%
+1((-+,-5%64%c)-,$#.d%,'%5-.#5-%,/-%"&&$'&$#",-%"*"34+#+%,-./*#01-8%>/-%*133%/4&',/-+-+%:'$%,/#+%+,154%."*%6-%
.",-('$#@-5%#*,'%M%($'1&+[%A^%)-"+1$-%':%.'$$-3",#'*%M^%)-"+1$-%':%5#::-$-*.-+8
N33%,/-%,-+,+%/"<-%,/-%+#(*#:#."*,%3-<-3%",%Z8ZR?%2/#./%)-"*%,/",%,/-%&$'6"6#3#,4%':%#*.'$$-.,34%$-D-.,%,/-%*133%
^8N)3.&.D8)').+1.'+,).&$.$8C).$.X)3,.+1.$A).83$)%)#$),.D)%8+,Z.&3,.+1.N)%#8+3.3c.J).D%+')),.&#.1+00+J#.
73$80.N)%#8+3.&.X#$&%$.+1.$A).83$)%)#$),.D)%8+,Z
U+%.)&'A.'A&3<)#)$.+1.$A).D8)').+1.'+,)
U+%.)&'A.'A&3<).8$)C.$A&$.8#.)8$A)%.2d.+%..2ee.'0&##.83.$A).'A&3<)#)$
:780,.&3.!"#$%&'$.G*3$&R./%)).+1.$A).'0&##.N)%#8+3.3
=)$%8)N).$A).'A&3<).8$)C.+1.$A).'0&##.&$.N)%#8+3.3Y4
:780,.&3.!"#$%&'$.G*3$&R./%)).+1.$A).'0&##.&$.N)%#8+3.3Y4
6,)3$81*.$A).'A&3<).C)$A+,.&3,.'A&3<).#$&$).X&,,),c.C+,818),.&3,.%)C+N),Z.
2+3$837).$+.N)%#8+3.&.JA8'A.8#.$A).#$&%$.D+83$.+1.83$)%)#$),.,7%&$8+3
]8&<%&C.9-.B)$A+,.#$&$7#.$%&';83<.&0<+%8$AC
!"(-%MT%
/4&',/-+#+%#+%3-++%,/"*%R%&-$.-*,8%
B)%).+1.'+%%)0&$8+3
>/-%.'$$-3",#'*%)-"+1$-+%,/-%5#$-.,#'*%"*5%+,$-*(,/%':%,/-%3#*-"$%$-3",#'*+/#&%6-,2--*%,2'%<"$#"63-+%c_-*,'*%"*5%
!:3--(-$? % ALLJd8 %>/- %<"31- %': % .'$$-3",#'* % ]$^ % #+ % &'+#,#<- %2/-* % ,/-$- % #+ % " %&'+#,#<- % .'$$-3",#'* %6-,2--* % ,2'%
<"$#"63-+%"*5%$% #+%*-(",#<-%2/-*%,/-%"++'.#",#'*%6-,2--*%H%"*5%4%#+ %*-(",#<-8 %>/-%<"31-%':%.'$$-3",#'*%$% #+%
6-,2--*%CA%"*5%A8%p"31-%*-"$%Z%#*5#.",-+%2-"7%3#*-"$%$-3",#'*+/#&8%%>/-%+,$-*(,/%':%$-3",#'*+/#&%#*.$-"+-%2/-*%
,/-%<"31-%':%$%)'<-%"2"4%:$')%Z8%F,%#+%#)&'$,"*,%,'%*',-%,/",%.'$$-3",#'*%'*34%."&,1$-+%,/-%+,$-*(,/%':%3#*-"$%
$-3",#'*+/#&i%#,%5'-+%*',%-H&3"#*%.1$<-%$-3",#'*+/#&%-<-*%/'2%+,$'*(%,/-4%"$-8%\'$$-3",#'*%#+%*',%$-+#+,"*,?%+'%,/-%
'1,3#-$%."*%%/#(/34%-::-.,%,/-%<"31-%':%$8
>'%5-.#5-%2/#./%,-+,%:'$%.'$$-3",#'*%#+%"&&$'&$#",-%,'%,/-%+")&3-?%#,%#+%*-.-++"$4%,'%3''7%",%,/-%5","%5#+,$#61,#'*8%
F: % ,/- % +")&3- % /"+ % " % U"1++#"* % 5#+,$#61,#'*? % ,/-* %2- % ."* % 1+-$ % !-"$+'*E+ % .'$$-3",#'*? % ',/-$2#+- % Y&-"$)"*%
\'$$-3",#'*%2#33%6-%1+-58%
b',/%!-"$+'*%"*5%Y&-"$)"*%/"<-%,/-%+")-%/4&',/-+-+?%#8-8%XZ%[%>/-$-%#+%*'%$-3",#'*+/#&%6-,2--*%,2'%<"$#"63-+%
"*5%%%XA%[%>/-$-%#+%$-3",#'*+/#&%6-,2--*%,2'%<"$#"63-+8%%I-%1+-%,/-%+#(*#:#."*,%3-<-3%':%,/-%,-+,%",%LR%&-$.-*,8
! L)&%#+3.L%+,7'$.B+C)3$.'+%%)0&$8+3.'+)118'8)3$
I/-*%,/-%5","%#+%*'$)"334%5#+,$#61,-5?%!-"$+'*%.'$$-3",#'*%.'-::#.#-*,%#+%"%(''5%)-"+1$-%':%"++'.#",#'*8% %>'%
)-"+1$-%,/-%.'$$-3",#'*%6-,2--*%",,$#61,-%H%"*5%4?%#:%H%"*5%4%"$-%*'$)"334%5#+,$#61,-5?%,/-*%2-%:'$)%&"#$%]H#?%4#^8%
>/-%,',"3%*1)6-$%':%&"#$+%#+%*8%>/-%)-"*%':%",,$#61,-%H%#+%)+%"*5%,/-%)-"*%':%",,$#61,-%4%#+%)48%>/-%<"$#"*.-%':%
",,$#61,-%H%#+%<"$]H^%"*5%,/-%<"$#"*.-%':%",,$#61,-%4%#+%<"$]4^8%>/-%!-"$+'*%.'$$-3",#'*%.'-::#.#-*,%#+%(#<-*%64[
1"&;"A
* #C '%7C $# F '%7F $
(* 5)1 # C$5)1 # F$%
>/-%.')&1,",#'*%':%$%#+%"..')&"*#-5%64%"%+,",#+,#."3%,-+,%,'%#*5#.",-%,/-%3-<-3%':%.'*:#5-*.-%2-%+/'135%/"<-%'<-$%
,/-%.'$$-3",#'*8
! GD)&%C&3[#.%&3;.'+%%)0&$8+3.'+)118'8)3$
I/-*%,/-%5","%#+%*',%*'$)"334%5#+,$#61,-5?%,/-%.'))'*34C1+-5%$'61+,%.'$$-3",#'*%.'-::#.#-*,%#+%Y&-"$)"*E+%$"*7%
.'$$-3",#'*%.'-::#.#-*,8%>/-%.'$$-3",#'*%.'-::#.#-*,%#+%."3.13",-5%#*%,/-%+")-%2"4%"+%!-"$+'*?%61,%,/-%$"*7%':%,/-%
",,$#61,-+%2#33%6-%1+-5?%#*+,-"5%':%$"2%<"31-+8
B)%).+1.,811)%)3')#
N+%+#)#3"$%"+%.'$$-3",#'*?%#,%#+%#)&'$,"*,%:#$+,%,'%5-.#5-%/'2%,/-%5","%#+%5#+,$#61,-5%c_-*,'*%"*5%%!:3--(-$?%ALLJd8%
_'$%,/-%,-+,%':%,2'%($'1&+?%#:%,/-%5#+,$#61,#'*%#+%U"1++#"*?%,/-*%2-%."*%1+-%Y,15-*,%,C,-+,?%',/-$2#+-%e$1+7"3C
I"33#+%2#33%6-%1+-58%
b',/%Y,15-*,%,C,-+,%"*5%e$1+7"3CI"33#+%/"<-%,/-%+")-%/4&',/-+-+?%#8-8%XZ% [%)-"*+n)-5#"*+%"$-%-01"3%6-,2--*%
,2'%($'1&+%"*5%%%XA%[%)-"*+n)-5#"*+%"$-%5#::-$-*,%6-,2--*%,2'%($'1&+8%%I-%1+-%,/-%+#(*#:#."*,%3-<-3%':%,/-%,-+,%
",%LR%&-$.-*,8
! G$7,)3$.$Y$)#$
I/-*%,/-%5","%.')-+%:$')%"%*'$)"3%5#+,$#61,#'*%"*5%,2'%($'1&+%"$-%,'%6-%.')&"$-5?%2-%."*%1+-%Y,15-*,E+%,C,-+,%
,'%"*"34@-%-::-., %':% ,/-%,$-",)-*,8 %U#<-*%,/", %"%+")&3-%':%+#@- %*A% % #+ %5$"2*%:$')%"%*'$)"3%&'&13",#'*%"*5%
#*5-&-*5-*,%+")&3-%':%+#@-%*M%#+%5$"2*%:$')%"*',/-$%*'$)"3%&'&13",#'*8%%>/-%)-"*%':%+")&3-%A%#+ CA ?%"*5%
+,"*5"$5%5-<#",#'*%#+ .AM8%>/-%)-"*%':%+")&3-%M%#+ CM ?%"*5%+,"*5"$5%5-<#",#'*%#+ .M
M8%>/-%,2'%+")&3-%,%
+,",#+,#.%#+%(#<-*%64[
!"(-%MJ%
,%m%
CA% CM
( .AM
*A'.MM
*M
! (%7#;&0Y>&008#
e$1+7"3CI"33#+%'*-%2"4%"*"34+#+%':%<"$#"*.-%64%$"*7%#+%5-+#(*-5%,'%,-+,%"%/4&',/-+#+%#*<'3<#*(%,2'%'$%)'$-%
#*5-&-*5-*,%+")&3-+?%%,'%5-,-$)#*-%2/-,/-$%,/-$-%#+%"%+#(*#:#."*,%5#::-$-*.-%6-,2--*%",%3-"+,%,2'%':%,/-%+")&3-+%
)-5#"*%c+,",Ad8%>/-%,-+,%#+%"*%-H,-*+#'*%':%%Q"**CI/#,*-4%h%,-+,8%I/-*%+")&3-%($'1&+%#+%,2'?%e$1+7"3CI"33#+%
"*5%Q"**CI/#,*-4%4#-35%,/-%+")-%$-+13,8
N..'$5#*(%,'%+-<-$"3%,-H,6''7+%cQ.!/-$+'*%MZZA?Q'*,(')-$4%"*5%P1*(-$%MZZMd?%,/-%e$1+7"3CI"33#+%,-+,%#+%,/-%
*'*%&"$")-,$#.%,-+,%"3,-$*",#<-%,'%,/-%_C,-+,%cMd%8%F,%#+%1+-5%,'%,-+,%2/-,/-$%,/-%#*5-&-*5-*,%+")&3-+%.')-%:$')%
#5-*,#."3 % &'&13",#'*8 %>/- %&$-+1)&,#'* % %': % ,/- % ,-+, % #+ % ,/", % "33 % +")&3-+ %/"<- % ,/- % +")- %5#+,$#61,#'* % "*5 %"$-%
#*5-&-*5-*, % :$')%-"./ %',/-$8 %>/-%'6+-$<-5 %5"," % +/'135%6-% :$')%'$5#*"3 % +."3-8 %`-, * ' 6-% ,/- %*1)6-$ %':%
'6+-$<",#'*%':%-"./%($'1&?%*%#+%,/-%,',"3%*1)6-$%':%'6+-$<",#'*+?% 1 '8 #+%,/-%"<-$"(-%$"*7%#*%,/-%'G,/%($'1&8%>/-%"<-$"(-%':%"33%$"*7%#+%5-:#*-5%64[
% 188"A
M#*'A$ %
>/-%+,",#+,#.%#+%5-:#*-5%64[
H"AM
* #*'A$&'"A
&
*'# 1 '8%1 88$M
F:%,/-%*133%/4&',/-+#+%#+%"..-&,-5?%,/-*%'6+-$<",#'*+%/"<-%,/-%+")-%)-5#"*+?%"*5%/-*.-%.')-%:$')%,/-%+")-%
5#+,$#61,#'*8%F:%,/-%*133%/4&',/-+#+%#+%$-D-.,-5?%,/-*%+')-%+")&3-+%.'*+#+,+%':%<"31-+%/"<#*(%&$-5')#*"*,34%+)"33%
$"*7+?%2/#3-%+')-%',/-$+%.'*+#+,+%':%<"31-+%/"<#*(%&$-5')#*"*,34%3"$(-%$"*7+8%
@5K5 =)#)&%'A.'+3$)R$>/-%5","%:'$%'1$%."+-%+,154%2"+%.'33-.,-5%:$')%"*%F>%5-&"$,)-*,%':%"%3"$(-%)"*1:".,1$#*(%F,"3#"*%.')&"*48%>/-%
,-") % "5'&,-5 % "* % .1+,')#@-5 % <-$+#'* % ': % SH,$-)- % !$'($"))#*( % ]a!^ % "+ % " % 5-<-3'&)-*, % &$'.-++8 % >/#+%
)-,/'5'3'(4%/"+%6--*%"5'&,-5%:'$%"&&$'H#)",-34%,2'%4-"$+%"*5%,/-%,-")%)-)6-$+%"$-%:")#3#"$%2#,/%#,+%&$'.-++%
"*5%&$".,#.-+8%P-("$5#*(%a!%&$".,#.-+?%,/-%,-")%"&&3#-+%2--734%#,-$",#'*?%&"#$%&$'($"))#*(?%,-+,%:#$+,?%1+-$%+,'$4?%
&3"**#*(%(")-?%.'33-.,#<-%.'5-%'2*-$+/#&%"*5%.'5#*(%+,"*5"$58%Y,'$4%&'#*,+%"$-%$-.'$5-5%#*%'$5-$%,'%)-"+1$-%,/-%
"++'.#",-5%<-3'.#,48%!$'($"))-$+%2/'%2'$7%'*%,/-%+,'$4%&'#*,%"$-%"3+'%+&-.#:#-58
>/-%,-")%.'*+#+,+%':%AT%5-<-3'&-$+8%AR%':%,/-)%"$-%<-,-$"*+?%"*5%,2'%':%,/-)%"$-%*'<#.-+8%N33%,-")%)-)6-$+%
/"<-%",%3-"+,%"%6"./-3'$%5-($--%#*%.')&1,-$%+.#-*.-8
>/-%2'$7#*(%-*<#$'*)-*,%/"+%#*:31-*.-%'*%,/-%,-")%&-$:'$)"*.-%"*5%+/'135%6-%,"7-*%#*,'%.'*+#5-$",#'*8%F*%,/#+%
."+-?%,/-%,-")%#+%2'$7#*(%#*%"*%'&-*%2'$7+&".-%2/-$-%)-)6-$+%/"<-%,/-#$%'2*%&-$+'*"3%2'$7+,",#'*8%>/#+%/-3&+%
+1&&'$,%:3'2%':%#*:'$)",#'*%"*5%,-")%.'33"6'$",#'*8%S"./%5-+7%#+%-01#&&-5%2#,/%"%&-$+'*"3%)"./#*-?%"%)'*#,'$?%"%
+#*(3-%7-46'"$5%"*5%"%)'1+-8
N+%$-("$5+%,'%!!?%#,%#+%"&&3#-5%+&'*,"*-'1+34%2/-*%&$'($"))-$+%:#*5%#,%1+-:13%"*5%"&&$'&$#",-8%>/-%,-")%/"+%*'%
&3"*%'*%2/-*%,'%&"#$?%2#,/%2/')?%'$%2/-*%,'%+2#,./%"%$'3-8%I/-*%2'$7#*(%#*%&"#$?%,/-4%5-.#5-5%:'$%"%$'3-%':%,/-%
q5$#<-$o?%"*5%,/-*%2'$7%",%,/-%5$#<-$o+%5-+7%:'$%,/-%51$",#'*%':%,/-%,"+78%>/#+%,-./*#."3%+-,1&%2#,/%+#*(3-%7-46'"$5%
)"4%&$-<-*,%$"%$'3-%+2#,./#*(%"+%)'$-%-::'$,%$-01#$-5%,'%/"<-%"..-++%,'%"33%5-<#.-+8
!"(-%ML%
?5 !3&0*#8#.+1.$A).8CD&'$.+1.D&8%.
D%+<%&CC83<
?545 G$%7'$7%).+1.$A).#&CD0)>/#+%+-.,#'*%&$'<#5-+%"*%'<-$<#-2%':%&'&13",#'*%"*5%+")&3-%1+-5%#*%,/-%"*"34+#+8%_#$+,?%2-%5-+.$#6-%%5-+.$#&,#<-%
+,",#+,#.%':%,/-%,2'%($'1&+8
?54545 /A).&C+73$.+1.D&8%.D%+<%&CC83<
>/-%"*"34+-+%1+-%2'$7%,#)-%5","%.'*+#+,#*(%':%+-$#-+%':%,#)-%:$")-+%,/",%$-:3-.,%#*,-$".,#'*%':%5-<-3'&-$+%'<-$%,/-%
+'1$.-%.'5-? %"*5%+-$#-+ %': %&"#$ %&$'($"))#*(%1+"(-8 %S"./% #*,-$".,#'*%.'*+#+,+%': %" % ,#)-+,")&? % ,/-%*")-%':%
.1$$-*,34%:'.1+-5%)-,/'5%'$%.3"++?%,/-%51$",#'*?%"*5%,/-%#5]+^%':%,/-%5-<-3'&-$]+^8%>/-%+4+,-)%,$".7+%"3+'%,/-%."+-%
':%,2'%'$%)'$-%5-<-3'&-$+%2'$7#*(%,'(-,/-$8
>/- % "*"34+-+ % #+ % 6"+-5 % '* % 5"," % .'33-.,-5 % :$') %N1(1+,% MZZT % ,' %Y-&,-)6-$ % MZZJ % #* % "* % #*51+,$#"3 % +':,2"$-%
5-<-3'&)-*,%,-")8%>/-%,-")%#+%"%&"$,%':%"*%F>%5-&"$,)-*,%':%"*%3"$(-%F,"3#"*%)"*1:".,1$#*(%.')&"*48%>/-%,-")%
#+%"*%N(#3-%,-")%':%AT%5-<-3'&-$+%1+#*(%"%.1+,')#@-5%<-$+#'*%':%SH,$-)-%!$'($"))#*(8
W1$#*(%,/-%&-$#'5%':%,/#+%+,154?%,/-%!P9Q%+4+,-)%.'33-.,-5%5","%:'$%"&&$'H#)",-34%AB%)'*,/+8%W1$#*(%,/#+%,#)-?%
,/-%5-<-3'&-$+%2'$7-5%'*%)"#*,-*"*.-+%"*5%-*/"*.-)-*,+%':%,/-%-H#+,#*(%+':,2"$-8%>'%6-%"63-%,'%1*5-$+,"*5%
/'2 %&"#$ % &$'($"))#*( %2"+ % "&&3#-5 % ,' % -"./ % &"$, % ': % ,/- % +'1$.- % .'5-? %2- %)-"+1$- % ,/- % &-$.-*,"(- % ': % &"#$%
&$'($"))#*( % 1+-5 %2/-* %2'$7#*( % '* % -"./ %)-,/'5 % #* % .3"++-+8 %>"63- % B8A% +1))"$#@-+ % ,/- % ./"$".,-$#+,#. % ':%
.'33-.,-5%5","?%+/'2#*(%,/-%*1)6-$%':%)-,/'5+%#*<'7-5%51$#*(%,/",%,#)-%"*5%,/-%5-+.$#&,#<-%+,",#+,#.%':%&"#$%
&$'($"))#*(%1+-58%%_#(1$-%B8A%%#331+,$",-+%,/-%5#+,$#61,#'*%':%,/-%5","8
!-$#'5%':%+,154 N1(1+,%MZZT%l%Y-&,-)6-$%MZZJ
f1)6-$%':%"..-++-5%)-,/'5+% MBTGR
f1)6-$%':%"..-++-5%.3"++-+ OMOJ
N<-$"(-%':%%&"#$%&$'($"))#*(%&-$.-*,"(- R8LR
Y,"*5"$5%5-<#",#'* MA8OM
/&"0).?54-.G7CC&%*.+1.,&$&.'A&%&'$)%8#$8'#
!"(-%OZ%
W1$#*(% ,/#+ %&-$#'5? % ,/-% ,-")%':%5-<-3'&-$+ % #*,-$".,-5 %2#,/%MBTGR%)-,/'5+%>/-%)-"*%': %&"#$ %&$'($"))#*(%
"&&3#-5%,'%-"./%)-,/'5%#+%R8LR%&-$.-*,8%F,%#+%#)&'$,"*,%,'%*',-%,/",%,/-%<"31-%6"+-5%'*%AO%)'*,/+%':%/#+,'$#."3%
5","?%*',%:$')%,/-%6-(#**#*(%':%,/-%)-,/'5%#)&3-)-*,",#'*8
>/- % 5"," % 5#+,$#61,#'* % +/'2+ %<"$#"6#3#,4 %': %&"#$ % &$'($"))#*( %1+"(-8 %N..'$5#*( % ,' % ,/- % 5#+,$#61,#'*? % % MMAMZ%
)-,/'5+%'$%"&&$'H#)",-34%JL%K%':%)-,/'5+%2-$-%*',%#)&3-)-*,-5%'$%#*<'7-5%51$#*(%&"#$%&$'($"))#*(%+-++#'*8%
TGA%)-,/'5+%%'$%"&&$'H#)",-34%O%K%%2-$-%-*,#$-34%#*,-$".,-5%51$#*(%&"#$%&$'($"))#*(8
?54595 /&#;#.73,)%.'+3#8,)%&$8+3#
W1$#*(%,/-%&-$#'5%':%+,154?%,/-%,-")%':%5-<-3'&-$+%2'$7-5%'*%)"#*,-*"*.-+%"*5%-*/"*.-)-*,+%':%,/-%-H#+,#*(%
+':,2"$-8%S"./%1*#,%':%2'$7%#+%$-:-$$-5%"+%"%2'$7#,-)8%>/-%&$'D-.,%2'$7%#+%.3"++#:#-5%#*,'%,/$--%,4&-+?%.'*+#+,#*(%
':%"%5-:-.,? %1+-$%+,'$#-+? %"*5%,"+78%>/-%5-:-.,+%$-:-$+ %,'%+':,2"$-%-$$'$+%*--5-5%,'%6-%$-&"#$-58 %N%1+-$%+,'$4%
&$'<#5-+%"%/#(/C3-<-3%5-:#*#,#'*%':%"%+':,2"$-%$-01#$-)-*,+%2/#./%#+%,/-%&$#)"$4%"$,#:".,%':%,/-%,-")8%N%,"+7%
$-:-$+%,'%(-*-$"3%2'$7%"*5%$-&'$,+8%
N.,#<#,#-+%$-<'3<#*(%"$'1*5%,/-%&$'D-.,%2'$7%2-$-%$-.'$5-5%64%%"%2'$7#,-)%+,",1+%,$".7#*(%,''38%>/-%+,",-%':%,/-%
2'$7#,-)%+,"$,+%:$')%.$-",-5%"++#(*-5?%$-+'3<-5?%<-$#:#-5?%"*5%.3'+-5?%'*.-%,/-%2'$7%#+%"..')&3#+/-58%S<#5-*.-+%
.'33-.,-5%51$#*(%,/-%+,",-%./"*(-+%.'*+#+,%':%,/-%,#)-+,")&?%,/-%&-$+'*%"*5%,/-%$",#'*"3-8
6,)3$818'&$8+3.+1.J+%;8$)C.Y.C)$A+,#
9*-%':%,/-%./"33-*(-+%#*%,/#+%$-+-"$./%#+%,'%)"&%,/-%2'$7#,-)%,'%,/-%)-,/'5+%"*5%.3"++-+%,/",%2-$-%)'5#:#-5%,'%
.')&3-,-%,/-%,"+78%I-%:'33'2%+-<-$"3 %+,-&+%':%,/-%5-:-., %l%)-,/'5%#5-*,#:#.",#'*%"+%:'33'2#*([%]A^%#5-*,#:4%"%
+-01-*.-%':%,#)-%:$")-+%,/",%5-<-3'&-$+%2'$7%'*%,/-%+&-.#:#.%5-:-.,?%]M^%#5-*,#:4%+-$#-+%':%)-,/'5+%'$%.3"++-+%
"..-++-5 %51$#*(% ,/-%5-:-., %.'$$-.,#'* %".,#<#,4? % "*5% ]O^ % #5-*,#:4 % ,/- %"..-++ % ,4&- % ,' % ,/- %)-,/'5+8 % %>"63- %B8M%
+1))"$#@-+%,/-%,',"3%*1)6-$%':%2'$7%#,-)+%,/",%+",#+:#-+%.'*5#,#'*+%",%-"./%+,-&8%_#*"334?%"&&$'H#)",-34%J8BK%':%
,',"3 %5-:-.,+%2-$-%)"&&-5%,'%5-:-.,C'$#(#*",#*(%)-,/'5+?%"*5%"&&$'H#)",-34%J8JK%':%,',"3 %1+-$%+,'$#-+%2-$-%
)"&&-5%,'%)'5#:#-5%)-,/'5+8%>/-+-%)"&&-5%)-,/'5+%2-$-%1+-5%"+%,/-%+")&3-%,'%#*<-+,#(",-%,/-%#)&".,+%':%&"#$%
&$'($"))#*(%'*%+':,2"$-%5-:-.,+%"*5%5-:-.,%.'$$-.,#'*%".,#<#,#-+8
U8<7%).?54.]8#$%8"7$8+3.+1.D&8%.D%+<%&C83<.D)%')3$&<).1+%.$A).C)$A+,#
!"(-%OA%
])1)'$ `#)%.#$+%* /&#;
>',"3%*1)6-$ BGB AGOR AAA
\')&3-,-5%#*:'$)",#'* BOZ ARGJ LZ
Q"&&-5%64%!P9QC!')'5'$' JJ MTB Z
Q"&&-5%64%+'1$.-%.'*,$'3 OL ABB Z
!-$.-*,"(-%':%+")&3- J8BK J8JK ZK
/&"0).?59-.G7CC&%*.+1.J+%;8$)CY.C)$A+,#.C&DD83<
!"(-%OM%
?595 6CD&'$.+3.O7&08$*>/#+%+-.,#'*%$-&'$,+%,/-%:#*5#*(+%'*%,/-%-::-.,%':%!!%'*%01"3#,48%>/-%"*"34+#+%':%.'$$-3",#'*+%-H&3'$-+%,/-%%;3#*-"$=%
$-3",#'*+/#&%6-,2--*%,/-%)-"+1$-+%':%!!%"*5%,/-%)-"+1$-+%':%01"3#,4%1*5-$%,/-%."+-+%':%.'*+#5-$",#'*+?%%2/#3-%
,/-%"*"34+#+%':%5#::-$-*.-+%-H")#*-+%,/-%;,/$-+/'35=%$-3",#'*+/#&%6-,2--*%,/-)8%>/-%"*"34+#+%.'<-$+%,/-%$-+-"$./%
01-+,#'*%VA%l%VR%#*%,/-%U'"3CV1-+,#'*CQ-,$#.+8%>"63-%B8O%+1))"$#@-+%,/-%."+-+%1*5-$%.'*+#5-$",#'*+8
W7)#$8+3 >A)3.LL.+''7%%), B)&383<
VA >/-%2/'3-%&-$#'5%':%,/-%'6+-$<",#'* I/-,/-$%!!%$-51.-+%5-:-.,+
VM !$#'$%,'%,/-%5-:-.,%5-,-.,#'*% I/-,/-$%!!%$-51.-+%5-:-.,+
VO !$#'$%,'%,/-%+,"$,%':%,/-%-*/"*.-)-*, I/-,/-$%!!%&$-<-*,%5-:-.,+
VB N:,-$%,/-%5-:-.,%5-,-.,#'*% I/-,/-$%!!%&$-<-*,+%,/-%#*,$'51.,#'*%':%*-2%5-:-.,+%'$%
1*-H&-.,-5%+#5-%-::-.,+%2/-*%.'5-%#+%)'5#:#-5%:'$%
5-:-.,%.'$$-.,#'*+8
VR N:,-$%,/-%-*/"*.-)-*,%/"+%+,"$,-5 I/-,/-$%!!%%&$-<-*,+%,/-%#*,$'51.,#'*%':%5-:-.,+%2/-*%
.'5-%#+%)'5#:#-5%:'$%-*/"*.-)-*,+8
/&"0)[email protected]&%*.+1._LL.&3,.,)1)'$.,)3#8$*
?59545 !3&0*#8#.+1.'+%%)0&$8+3#
I-%1+-%!-"$+'*E+%&$'51.,C)')-*,%.'$$-3",#'*%,'%5-,-$)#*-%,/-%&$-+-*.-%':%"%3#*-"$%$-3",#'*+/#&%6-,2--*%,/-%
)-"+1$-+%':%!!%"*5%,/-%)-"+1$-+%':%01"3#,48%>/-%.'$$-3",#'*%.'-::#.#-*,?%$-+13,#*(%:$')%,/-%,-+,?%)-"+1$-+%,/-%
+,$-*(,/%"*5%5#$-.,#'*%':%3#*-"$%$-3",#'*+/#&%6-,2--*%,2'%",,$#61,-+8%>/-%+,",#+,#."3%+#(*#:#."*.-%2"+%+-,%",%Z8ZR?%
)-"*#*(%,/",%2-%"..-&,%:#<-%&-$.-*,%./"*.-%':%#*.'$$-.,%$-D-.,#'*%':%,/-%*133%/4&',/-+#+8%
I-%1+-%5-:-.,%5-*+#,4%':%)-,/'5+%"+%)-"+1$-+%:'$%+':,2"$-%01"3#,48%F*%,/-%."+-%1*5-$%.'*+#5-$",#'*+?%,/-$-%#+%*'%
+#(*#:#."*,%.'$$-3",#'*%6-,2--*%,/-%)-"+1$-+%':%!!%"*5%5-:-.,%5-*+#,4%%]>"63-%B8B^8
W7)#$8+3 2+%%)0&$8+3.'+)118'8)3$
VA Z8AZ
VM CZ8ZA
VO %CZ8ZO
VB CZ8ZB
VR %CZ8ZM
/&"0).?5?-.2+%%)0&$8+3#.")$J))3._LL.&3,.,)1)'$.,)3#8$*
?59595 !3&0*#8#.+1.$A).,811)%)3')#-.,)1)'$.,)3#8$*
>/-%*-H,%01-+,#'*%#+ % ,/",%2/-,/-$ % ,/-$-%#+ %"% ,/$-+/'35%-::-., %':%!!%'*%01"3#,48 %>'%,/#+%-*5?%2-%"*"34@-%,/-%
5#+,$#61,#'*%': %5-:-., %5-*+#,4 % #* %)-,/'5+%2/-*% ,/-%&-$.-*,"(- %': %&"#$ %&$'($"))#*(% #+ %"6'<-%'$ %6-3'2%,/-%
,/$-+/'35+8%>/-%+,",#+,#."3%,-+,%':%,2'%+")&3-+%$-<-"3+%2/-,/-$%,/-%+16D-.,+%"$-%,"7-*%:$')%,/-%+")-%5#+,$#61,#'*?%
#8-8%,/-%5-:-.,%5-*+#,4%#+%-01"38%
I-%1+-%Y,15-*,%,C,-+,%':%,2'%+")&3-+%,'%5-,-$)#*-%,/-%,/$-+/'35+%,/",%!!%/"<-%"*%+#(*#:#."*,%#)&".,%'*%5-:-.,%
5-*+#,48%>/-%,/$-+/'35%#+%+-,%%",%ZK?%MZK?%BZK?%GZK?%"*5%JZK8%I-%,-+,%,/-%-::-.,%':%!!%1*5-$%,/-%:#<-%."+-+8%>/-%
$-+13,%#+%&$-+-*,-5%64%,/-%:'33'2#*(%+,$1.,1$-[
!"(-%OO%
! >/-%5","%5#+,$#61,#'*8%N*%'<-$<#-2%,'%,/-%5","+-,%#+%(#<-*%64%1+#*(%6'H%&3',%2/#./%5#<#5-+%+16D-.,+%#*,'%+#H%
($'1&+?%6"+-5%'*%K!!8%b'H%&3',%"33'2+%1+%,'%'6+-$<-%,/-%,/$--%01"$,#3-+%':%,/-%5-:-.,%5-*+#,4%':%-"./%($'1&%
"+%2-33%"+%,/-%'1,3#-$+8%
! >/-%5-+.$#&,#<-%+,",#+,#.8%>/-+-%<"31-+%+1))"$#@-%+')-%"+&-.,+%,/",%"$-%#*<#+#63-%64%,/-%6'H%&3',8
! >/-%$-+13,%':%,C,-+,8%>/-%&C<"31-+?%$-+13,#*(%:$')%,/-%,-+,?%$-<-"3+%,/-%'<-$3"&&#*(%"$-"%':%,2'%+")&3-+
012,344,-),&5(,65-$(,-78(/9#&%-+
F*%,/-%:#$+,%."+-?%2-%.'*+#5-$%"33%)-,/'5+%"..-++-5%64%5-<-3'&-$+%51$#*(%,/-%'6+-$<",#'*%&-$#'58%BGB%5-:-.,+%2-$-%
$-&'$,-5%51$#*(%,/",%,#)-8%OL%5-:-.,+%]"&&$'H#)",-34%J8B%&-$.-*,%':%-*,#$-%5-:-.,+^%.'135%6-%,$".-5%6".7%,'%OTT%
)-,/'5+%]"&&$'H#)",-34%A8R%&-$.-*,%':%-*,#$-%)-,/'5+^%,/",%2-$-%)'5#:#-5%51$#*(%5-:-.,%.'$$-.,#'*%".,#<#,#-+8%
_#(1$-%B8M%#331+,$",-+%)-,/'5E+%5-:-.,%5-*+#,4?%($'1&-5%64%K!!8
F*%,/#+%."+-?%K!!%<"$#-+%:$')%Z%,'%LL8R%&-$.-*,8%>/-%)-"*%':%K!!%#+%O8RL?%2#,/%+,"*5"$5%5-<#",#'*%AO8RT?%"*5%
)-5#"*%#+%Z8Z8%OMT%)-,/'5+%/"<-%*-<-$%6--*%"..-++-5%51$#*(%,/-%!!%+-++#'*8%W-:-.,%5-*+#,4%&-$%AZZ%3#*-+%':%.'5-%
]`9\^%<"$#-+%:$')%Z8OA%,'%RZ8%>/-%)-"*%<"31-%#+%J8GA?%2#,/%,/-%+,"*5"$5%5-<#",#'*%T8J?%"*5%%)-5#"*%R8JJ8
W-+.$#&,#<-%+,",#+,#.%]>"63-%B8R^%$-<-"3+%,/",%,/-%)-5#"*%<"31-+%"$-%6#((-$%,/"*%,/-%)-"*%2/-*%,/-%($'1&%+#@-%#+%
3"$(-i%:'$%,/-%%+)"33%+#@-%($'1&+?%,/-%)-"*%<"31-+%"$-%6#((-$%,/"*%,/-%)-5#"*8%>/-%,$-*5%':%)-5#"*%"*5%)-"*%#+%
#*.'*+#+,-*,%:$')%,/-%3'2%K!!%,'%/#(/%K!!8%X'2-<-$?%6',/%.-*,$"3%<"31-+%+--)%,'%6-%#*.$-"+#*(%",%/#(/-$%K!!8
_LL !00 H XHc.9HZ f9Hc.?HZ f?Hc.IHZ fIHc.gHZ fgHc.4HHh
Y#@- OTT OMT MB AG O O B
Q-"*% J8GM J8GR R8GL L8MB AG8AA B8RR AJ8BG
Q-5#"* R8JJ R8JJ O8MB G8GO AG8GT B8RR MM8RZ
/&"0).?5F-.])#'%8D$8N).#$&$8#$8'.+1.,)1)'$.,)3#8$*.X'&#).W4Z
/A).%)#70$.+1.$Y$)#$5..>"63-%B8G%&$-+-*,+%,/-%$-+13,+%':%,C,-+,?%.')&"$#*(%,/-%)-,/'5+%/"<#*(%3'2-$%K!!%,/"*%,/-%
,/$-+/'35%]YA^%"*5%,/-%)-,/'5+%/"<#*(%K!!%/#(/-$%,/"*%,/-%,/$-+/'35%]YM^%8%>/-%)-"*%':%5-:-.,%5-*+#,4%#+%"32"4+%
3'2-$%:'$%,/-%($'1&+%2#,/%3'2-$%K!!%,/"*%,/-%,/$-+/'358%X'2-<-$?%,/-%&C<"31-+%"$-%/#(/-$%,/"*%,/-%"3&/"%,/",%
U8<7%).?59.:+R.D0+$.+1._LL.&3,.,)1)'$.,)3#8$*.X'&#).W4Z
!"(-%OB%
2"+%+-,%",%Z8ZR%",%"33%."+-+?%#*5#.",#*(%,/",%,/-%5#::-$-*.-+%6-,2--*%($'1&+%"$-%#*+#(*#:#."*,8%F*%"*',/-$%2'$5?%
,/-$-%#+%#*+1::#.#-*,%+1&&'$,%:'$%,/-%*133%/4&',/-+-+%,/",%/#(/-$%!!%-::'$,%$-+13,+%#*%/#(/-$%01"3#,4%':%+'1$.-%.'5-8
/A%)#A+0, DYN&07) B)&3.+1.,)1)'$.,)3#8$*.X.G4..c.G9Z
ZK Z8JB J8GR%?%J8BZ
MZK Z8AT J8BR%?%AZ8LA
BZK Z8AO J8BJ%?%AO8RJ%
GZK Z8OR J8RB%?%AM8RZ
JZK Z8AB J8RA%?%AJ8BG
/&"0).?5I-.$Y$)#$.+1.,)1)'$.,)3#8$*.X'&#).W4Z
0:2,344,;/%-/,&-,&5(,.()(*&,.(&(*&%-+
F*%,/-%+-.'*5%."+-?%2-%.'*+#5-$%,/-%5-,"#3+%':%-"./%5-:-.,%.'$$-.,#'*8%BAM%5-:-.,%.'$$-.,#'*+%2-$-%&-$:'$)-5%#*%
OTT%)-,/'5+% ,'% :#H %OL%5-:-.,+8 %>/#+% #*5#.",-+ % ,/", %+')-%)-,/'5+%.'*,"#*%)'$-%,/"*%'*-%5-:-.,8 %_#(1$- %B8O%
#331+,$",-+%)-,/'5E+%5-:-., %5-*+#,4? %($'1&#*(%64%K!!8 %>"63-%B8T+1))"$#@-5%5-+.$#&,#<-%+,",#+,#.%':%,/-%2/'3-%
+")&3-%"*5%-"./%($'1&%':%K!!8%F,%#+%#)&'$,"*,%,'%*',-%,/",%,/-%5-:-.,%5-*+#,4%#+%."3.13",-5%1+#*(%,/-%,/-%,',"3%
3#*-+%':%.'5-%",%,/-%,#)-%,/-%5-:-.,%2"+%:'1*58
F*%,/#+%."+-?%K!!%&$#'$%,'%,/-%5-:-.,%5-,-.,#'*%<"$#-+%:$')%Z%,'%AZZ%&-$.-*,8%>/-%)-"*%':%K!!%#+%O8AR?%2#,/%
+,"*5"$5%5-<#",#'*%AR8MR?%"*5%)-5#"*%#+%Z8Z8%OJZ%)-,/'5+%/"<-%*-<-$%6--*%#*<'3<-5%51$#*(%,/-%!!%+-++#'*%6-:'$-%
,/-%5-:-.,%2"+%:'1*58%W-:-.,%5-*+#,4%&-$%AZZ%3#*-+%':%.'5-%]`9\^%<"$#-+%:$')%Z8OA%,'%OO8OO8%>/-%)-"*%<"31-%#+%
T8GG?%2#,/%,/-%+,"*5"$5%5-<#",#'*%T8J?%"*5%%)-5#"*%R8G8
W-+.$#&,#<-%+,",#+,#.%':%-"./%($'1&%,/-%)-"*%<"31-+%':%5-:-.,%5-*+#,4%"$-%6#((-$%,/"*%,/-%)-5#"*%2/-*%,/-%($'1&%
+#@-%#+%3"$(-i%'$%6',/%<"31-+%"$-%-01"3%#*%+)"33%+#@-%($'1&+8 %>/-%,$-*5%':%,/-%.-*,$"3%<"31-%5'-+%*',%+/'2%,/-%
+1&-$#'$#,4%#*%01"3#,4%':%)-,/'5+%2#,/%/#(/-$%K!!8%%X'2-<-$?%,/-%)"D'$#,4%':%:3"2-5%)-,/'5+%]"&&$'H#)",-34%LM%
&-$.-*,^%"$-%2#,/'1,%!!8
U8<7%).?5@.:+R.D0+$.+1._LL.&3,.,)1)'$.,)3#8$*.X'&#).W9Z
!"(-%OR%
_LL fHc4HHh H XHc.9HZ f9Hc.?HZ f?Hc.IHZ fIHc.gHZ fgHc.4HHh
Y#@- BAM OJZ AO T M M J
Q-"*% T8GG T8JZ O8LG R8AA AA8OR O8AB L8ZR
Q-5#"* R8G R8JJ O8ZO A8LM AA8OR O8AB T8ZR
/&"0).?5K-.])#'%8D$8N).#$&$8#$8'.+1.,)1)'$.,)3#8$*.X'&#).W9Z
/A).%)#70$.+1.$Y$)#$5. .>"63-%B8J%&$-+-*,+%,/-%$-+13,+%':%,C,-+,8%>/-%)-"*%':%5-:-.,%5-*+#,4%#+%3'2-$%:'$%,/-%($'1&+%
/"<#*(%K!!%,/"*%,/-%,/$-+/'35%",%Z?%MZ?%"*5%GZ8%X'2-<-$?%,/-%&C<"31-+%"$-%/#(/-$%,/"*%,/-%"3&/"%:'$%"33%,/-%."+-+8%
>/1+?%2-%."**',%$-D-.,%,/-%*133%/4&',/-+-+%+,",#*(%,/",%!!%5'-+%*',%$-51.-%5-:-.,%5-*+#,4?%2/-*%.'*+#5-$#*(%K!!%
&$#'$%,'%,/-%5-:-.,%5-,-.,#'*8
/A%)#A+0, DYN&07) B)&3.+1.,)1)'$.,)3#8$*.XG4.c..G9Z
ZK Z8ZL J8ZL%?%G8ZJ
MZK Z8GG T8LT%?%T8MM
BZK Z8JA T8LM%?%J8BR
GZK Z8LJ %T8LO%?%T8JT
JZK Z8GT T8LA%?%L8ZR
/&"0).?5g-.$Y$)#$.+1.,)1)'$.,)3#8$*.X'&#).W9Z
0<2,344,;/%-/,&-,&5(,(+5#+*(=(+&
F* %,/-%,/#$5%."+-? %2-%.'*+#5-$ %5-:-., %5-*+#,4%':%)-,/'5+%)'5#:#-5%#*%'$5-$% ,'%#)&3-)-*,%1+-$%+,'$#-+8 %ARGJ%
-*/"*.-)-*,+%2-$-%#)&3-)-*,-5%51$#*(%,/#+%,#)-8%ABB%-*/"*.-)-*,+%]"&&$'H#)",-34%L8AJ%&-$.-*,^ %.'135%6-%
,$".-5 % 6".7 % ,' % ALZB %)-,/'5+ % ]"&&$'H#)",-34 % T8T % &-$.-*, % ': % -*,#$- % )-,/'5+^ % ,/", % 2-$- % )'5#:#-5 % #* % ,/-%
#)&3-)-*,",#'*8%_#(1$-%B8B%#331+,$",-+%)-,/'5E+%5-:-.,%5-*+#,4?%($'1&#*(%64%K!!8%
U8<7%).?5?.:+R.D0+$.+1._LL.&3,.,)1)'$.,)3#8$*.+3.X'&#).W@Z
!"(-%OG%
F*%,/#+%."+-? %K!!%&$#'$%,'%,/-%-*/"*.-)-*,+%<"$#-+%:$')%Z%,'%AZZ%&-$.-*,8 %>/-%)-"*%':%K!!%#+%R8OR?%2#,/%
+,"*5"$5 %5-<#",#'* %AJ8GG? % "*5 %)-5#"* % #+ %Z8Z8 %AGGM %)-,/'5+ % ]"&&$'H#)",-34 %JT8O %&-$.-*, %': % ,/- % +")&3- %':%
-*/"*.-5%)-,/'5+^%/"<-%*-<-$%6--*%#*<'3<-5%51$#*(%,/-%!!%+-++#'*8%W-:-.,%5-*+#,4%&-$%AZZ%`9\%<"$#-+%:$')%Z8Z%
,'%MJ8RT8%>/-%)-"*%<"31-%#+%R8OR?%2#,/%,/-%+,"*5"$5%5-<#",#'*%A8TG?%"*5%%)-5#"*%",%Z8Z8%F*%:".,?%ATJJ%)-,/'5+%
]"&&$'H#)",-34%LB%&-$.-*,^%/"<-%5-:-.,%5-*+#,4%':%Z8Z8%W-+.$#&,#<-%+,",#+,#.%':%-"./%($'1&%$-<-"3+%,/-%,$-*5%':%
)-"*%<"31-+%"$-%#*.'*+#+,-*,%:$')%,/-%3'2%K!!%,'%/#(/%K!!i%2/#3-%,/-%)-5#"*%<"31-+%"$-%':%Z8Z%#*%-<-$4%."+-8%
>/#+%#*5#.",-+%,/",%:'$%-"./%($'1&%)'$-%,/"*%/"3:%':%,/-%+")&3-%"$-%5-:-.,C:$--8%%X'2-<-$?%,/-%)"D'$#,4%':%:3"2-5%
)-,/'5+%%"$-%':%%ZK!!8
_LL fHc4HHh H XHc.9HZ f9Hc.?HZ f?Hc.IHZ fIHc.gHZ fgHc.4HHh
Y#@- ALZB AGGM JL BL ML MZ RR
Q-"*% Z8OM Z8OB Z8ZL Z8ZM Z8ZM Z8ZR Z8AO
Q-5#"* Z8Z Z8Z Z8Z Z8Z Z8Z Z8Z Z8Z
/&"0).?5E-.])#'%8D$8N).#$&$8#$8'.+1.,)1)'$.,)3#8$*.X'&#).W@Z
/A).%)#70$.+1.$Y$)#$5.//-%$-+13,+%':%,C,-+,%"$-%(#<-*%#*%>"63-%B8AZ%8%>/-%)-"*%':%5-:-.,%5-*+#,4%"$-%+#(*#:#."*,34%
/#(/-$%:'$%,/-%($'1&+%/"<#*(%K!!%3'2-$%,/"*%,/-%,/$-+/'35%",%-<-$4%,/$-+/'358%>/-$-:'$-? %,/-$-%#+%+1::#.#-*,%
+1&&'$,%:'$%,/-%"3,-$*",#<-%/4&',/-+-+8% %_'$%-*/"*.-)-*,%2'$7?%,/-%1+-%':%!!%$-+13,+%#*%3'2-$%)-,/'5E+%5-:-.,%
5-*+#,48
/A%)#A+0, DYN&07) B)&3.+1.,)1)'$.,)3#8$*.XG4.c..G9Z
ZK Z8ZZr Z8OB%?%Z8AO%
MZK Z8ZZr Z8OO%?%Z8AR%
BZK Z8ZAr Z8OO%?%Z8AB
GZK Z8ZZr Z8OM%?%Z8AA
JZK Z8ZOr Z8OM%?%Z8AO
/&"0).?54H-.$Y$)#$.+1.,)1)'$.,)3#8$*.X'&#).W@Z
0>2,344,#)&(/,&5(,.()(*&,.(&(*&%-+
F*%,/#+%."+-?%2-%.'*+#5-$-5%BAM%5-:-.,%.'$$-.,#'*+%,/",%2-$-%&-$:'$)-5%#*%OTT%5-:-.,#<-%)-,/'5+8%I-%."&,1$-5%
!!%-::'$,%":,-$%,/-%5-:-.,%2"+%:'1*58%%_#(1$-%B8R%#331+,$",-+%)-,/'5E+%5-:-.,%5-*+#,4?%($'1&#*(%64%K!!?%:'33'2#*(%
64%,/-%5-+.$#&,#<-%+,",#+,#.%':%-"./%($'1&%#* %>"63-%B8AA8%>/-%)-,/'5+%"$-%5#<#5-5%#*,'%,2'%($'1&+? %2#,/%"*5%
2#,/'1,%!!?%51-%,'%,/-%:".,%,/",%,/-%*1)6-$%':%)-,/'5%':%,/-%3",,-$%."+-%"$-%.')&"$",#<-34%3'2-$%,/"*%,/-%,/-%
:'$)-$8
!"(-%OT%
F*%,/#+%($'1&?%,/-%5-:-.,%5-*+#,4%&-$%AZZ%`9\%<"$#-+%:$')%Z8Z%,'%OO8O8%>/-%)-"*%<"31-%#+%",%Z8T?%2#,/%,/-%+,"*5"$5%
5-<#",#'*%",%O8AG?%"*5%%)-5#"*%",%Z8Z8%X'2-<-$?%:'$%G%K%':%"33%,/-%."+-+?%5-<-3'&-$+%"&&3#-5%!!%":,-$%)-,/'5+%
2-$-%:'1*5%5-:-.,#<-8%W-:-.,%5-*+#,4%':%,/'+-%)-,/'5+%2-$-%':%@-$'%#*%)'+,%."+-i%,/-%)-"*%#+%",%Z8ZR%2#,/%,/-%
+,"*5"$5%5-<#",#'*%",%Z8MR8
_LL fHc4HHh H XHc.4HHh
Y#@- BAM OJG MG
Q-"*% Z8GG Z8T Z8ZR
Q-5#"* Z8Z Z8Z Z8Z
/&"0).?544-.])#'%8D$8N).#$&$8#$8'.+1.,)1)'$.,)3#8$*.X'&#).W?Z
/A).%)#70$.+1.$Y$)#$5. .>"63-%B8AM%&$-+-*,+%,/-%$-+13,+%':%,/-%,C,-+,%",%:#<-%K!!%,/$-+/'35+8%>/-%)-"*+%':%5-:-.,%
5-*+#,4%"$-%/#(/-$%:'$%,/-%($'1&+%/"<#*(%3'2-$%K!!?%:'$%-<-$4%,/$-+/'358%F*%:".,?%,/-%)-"*%#+%':%Z?%2/-*%+')-%!!%
2"+%5'*-%#*%,/-%)-,/'5+8%>/-%&C<"31-+%"$-%/#(/-$%,/"*%,/-%"3&/"%",%"33%."+-+?%#*5#.",#*(%,/",%,/-%5#::-$-*.-+%
6-,2--*%($'1&+%"$-%+#(*#:#."*,8 %X-*.-? %2-%"..-&, %,/-%"3,-$*",#<-%/4&',/-+-+ %,/", % ,/-%1+-%':%!!%#*%5-:-.,#<-%
)-,/'5+%/-3&+%,'%$-51.-%5-:-.,+%":,-$2"$5+8
/A%)#A+0, DYN&07) B)&3.+1.,)1)'$.,)3#8$*.XG4.c..G9Z
ZK Z8ZZr A8ZR%?%Z8ZR
MZK Z8ZZr A8ZM%?%Z8ZZ%
BZK Z8ZZr A8ZZ%?%Z8ZZ
GZK Z8ZZr A8ZZ%?%Z8ZZ
JZK Z8ZZr Z8LL%?%Z8ZZ
/&"0).?549-.$Y$)#$.+1.,)1)'$.,)3#8$*.X'&#).W?Z
U8<7%).?5F.:+R.D0+$.+1._LL.&3,.,)1)'$.,)3#8$*.X'&#).W?Z
!"(-%OJ%
0?2,344,#)&(/,&5(,(+5#+*(=(+&,5#8,8&#/&(.
F*%,/-%,/#$5%."+-?%2-%.'*+#5-$%5-:-.,%5-*+#,4%':%ALZB%)-,/'5+%)'5#:#-5%#*%'$5-$%,'%:#*#+/%-*/"*.-)-*,+8 %%I-%
."&,1$-5%!!%-::'$,%":,-$%,/-%-*/"*.-)-*,%/"+%+,"$,-58%%_#(1$-%B8G%#331+,$",-+%)-,/'5E+%5-:-.,%5-*+#,4?%($'1&#*(%64%
K!!8
>/-%)"D'$#,4%':%)-,/'5+%/"<-%K!!%':%Z8Z%]"&&$'H#)",-34%JZ8ARK^%F*%,/#+%($'1&?%,/-%5-:-.,%5-*+#,4%&-$%AZZ%`9\%
<"$#-+%:$')%Z8Z%,'%OO8O8%>/-%)-"*%<"31-%#+%",%Z8AZ?%2#,/%,/-%+,"*5"$5%5-<#",#'*%A8OB?%"*5% %)-5#"*%Z8Z8%F*%,/#+%
+")&3-?%,/-%)-,/'5+%/"<#*(%)'$-%,/"*%MZ%K!!%":,-$%,/-%-*/"*.-)-*,%/"+%+,"$,-5%.'*,"#*+%*'%5-:-.,%",%"338%
_LL fHc4HHh H XHc.9HZ f9Hc.?HZ f?Hc.IHZ fIHc.gHZ fgHc.4HHh
Y#@- ALZB ARMG AOT BJ BA MJ AMB
Q-"*% Z8AZ Z8AZ Z8M Z8Z Z8Z Z8Z Z8Z
Q-5#"* Z8Z Z8Z Z8Z Z8Z Z8Z Z8Z Z8Z
/&"0).?54@-.])#'%8D$8N).#$&$8#$8'.+1.,)1)'$.,)3#8$*.X'&#).WFZ
/A).%)#70$.+1.$Y$)#$5 .%>"63-%B8AB%&$-+-*,+%,/-%$-+13,+%':%,/-%,C,-+,%",%:#<-%K!!%,/$-+/'35+8%>/-%)-"*+%':%5-:-.,%
5-*+#,4%"$-%/#(/-$%:'$%,/-%($'1&+%/"<#*(%3'2-$%K!!8%F*%:".,?%,/-%)-"*%#+%':%Z?%2/-*%+')-%!!%2"+%5'*-%#*%,/- %
)-,/'5+8%>/-%&C<"31-+%"$-%/#(/-$%,/"*%,/-%"3&/"%-H.-&,%,/-%."+-%,/",%K!!%#+%Z8%X-*.-?%2-%"..-&,%,/-%"3,-$*",#<-%
/4&',/-+-+%,/",%,/-%1+"(-%':%!!%:'$%-*/"*.-)-*,+%/-3&+%,'%$-51.-%5-:-.,%5-*+#,4%":,-$2"$5%2/-*%K!!%#+%",%3-"+,%
MZK8
U8<7%).?5I.:+R.D0+$.+1._LL.&3,.,)1)'$.,)3#8$*.X'&#).WFZ
!"(-%OL%
/A%)#A+0, DYN&07) B)&3.+1.,)1)'$.,)3#8$*.XG4.c..G9Z
ZK Z8RB Z8AZ%?%Z8ZT
MZK Z8ZZr Z8AA%?%Z8ZZ
BZK Z8ZZr Z8AA%?%Z8ZZ
GZK Z8ZZr Z8AA%?%Z8ZZ
JZK Z8ZZr Z8AZ%?%Z8ZZ
/&"0).?54?-.$Y$)#$.+1.,)1)'$.,)3#8$*.+3.'&#).WF
?5@5 6CD&'$.+3.,)1)'$.'+%%)'$8+3#>/#+%+-.,#'*%$-&'$,+%,/-%:#*5#*(+%'*%,/-%-::-.,%':%!!%'*%-::#.#-*.4%':%5-:-.,%.'$$-.,#'*+8%I-%"$-%#*,-$-+,-5%#*%,/$--%
"+&-.,+%':%,/-%-::#.#-*.4?%#*.315#*(%,#)-?%-::'$,?%"*5%&$-.#+#'*%':%3'."3#@#*(%5-:-.,+8%>/-%,#)-%,'%.'$$-.,%5-:-.,%
$-:-$+%,'%,/-%."3-*5"$%,#)-%,/",%,/-%5-:-.,%$-)"#*%1*:#H-58%>/-%-::'$,%."&,1$-+%,/-%.-$,"#*%&-$#'5%':%,#)-%,/",%
5-<-3'&-$+%2'$7-5%'*%:#H#*(%,/-%&"$,#.13"$%5-:-.,8%>/-%&$-.#+#'*%':%5-:-.,%3'."3#@",#'*%)-"+1$-+%/'2%:"+,%,/-%
5-:-.,%#+%:'1*58
>/-%$-+13,+%"*+2-$%,/-%$-+-"$./%01-+,#'*%VG%l%VAB%#*%,/-%U'"3CV1-+,#'*+CQ-,$#.%]Y-.,#'* %O8M8^8 %>"63-%B8AR%
+1))"$#@-+%,/-%."+-%1*5-$%.'*+#5-$",#'*+8
W7)#$8+3 6$)C B)%)#.+1.LL B)%).+1.)118'8)3'*
VG W-:-.,+ KQ!!%':%)'5#:#-5%)-,/'5+ W1$",#'*
VT W-:-.,+ KQ!!%':%)'5#:#-5%)-,/'5+ >',"3%-::'$,
VJ W-:-.,+ KQ!!%':%$-"5C'*34%)-,/'5+ >',"3%-::'$,
VL W-:-.,+ N&&$'"./%,'%5-:-.,%.'$$-.,#'*+ S::'$,
VAZ Q'5#:#-5%)-,/'5+ K!!%&$#'$%,'%,/-%5-:-.,#'* S::'$,
VAA Q'5#:#-5%)-,/'5+ K!!%51$#*(%,/-%.'$$-.,#'* S::'$,
VAM P-"5C'*34%)-,/'5+ K!!%&$#'$%,'%,/-%5-:-.,#'* S::'$,
VAO P-"5C'*34%)-,/'5+ K!!%51$#*(%,/-%.'$$-.,#'* S::'$,
VAB W-:-.,+ N&&$'"./%,'%5-:-.,%.'$$-.,#'*+ !$-.#+#'*%':%3'."3#@#*(%5-:-.,+
/&"0).?54F-.G7CC&%*.+1.C)%)#.+1.LL.&3,.C)%)#.+1.)118'8)3'*
?5@545 !3&0*#8#.+1.'+%%)0&$8+3#
I-%"&&34%!-"$+'*E+%&$'51.,%)')-*,%.'$$-3",#'*%,'%./-.7%,/-%)"(*#,15-%"*5%5#$-.,#'*%6-,2--*%,/-%)-"+1$-+%':%
!!%"*5%,/-%)-"+1$-+%':%-::#.#-*.48 %>/-$-%"$-%,2'%#$$-3-<"*,%."+-+? %VL%"*5%VAB?%,/",%"$-%-H.315-5%:$')%,/#+%
"*"34+#+8%>/-%$-+13,+%]>"63-%B8AG^%+1((-+,%,/",%,/-$-%#+%*'%+#(*#:#."*,%.'$$-3",#'*%6-,2--*%,/-%)-"+1$-+%':%!!%"*5%
"*5%,/-%)-"+1$-+%':%-::#.#-*.4%1*5-$%,/-%."+-%':%.'*+#5-$",#'*+8
!"(-%BZ%
W7)#$8+3 2+%%)0&$8+3.'+)118'8)3$
VG CZ8AJ
VT Z8OZ
VJ Z8ZB
VAZ Z8ZO
VAA Z8ZT
VAM Z8ZR
VAO CZ8ZA
/&"0).?54I-.2+%%)0&$8+3.")$J))3.C)%)#.+1.LL.&3,.C)%)#.+1.)118'8)3'*
?5@595 !3&0*#8#.+1.$A).,811)%)3')#
>/-%*-H,%#*<-+,#(",#'*%#+%,'%5-,-$)#*-%,/-%,/$-+/'35%-::-.,%':%!!%'*%-::#.#-*.4%':%5-:-.,%.'$$-.,#'*%".,#<#,#-+8%I-%
1+-%+,15-*,%,C,-+,%,'%.')&"$-%,/-%,2'%5#+,$#61,#'*+[%,/-%+")&3-%2#,/%,/-%!!%)-"+1$-%3-++%,/"*%,/$-+/'35?%"*5%,/-%
+")&3-%2#,/%,/-%!!%)-"+1$-%-01"3%'$%)'$-%,/"*%,/-%,/$-+/'358
_'$%-"./%."+-?%2-%&$-+-*,%,/-%5#+,$#61,#'*%':%,/-%5","?%,/-%+1))"$4%+,",#+,#.?%"*5%,/-%,C,-+,%$-+13,8
0@2,3A44,#+.,."/#&%-+,-),.()(*&,*-//(*&%-+
F*%,/#+%:#$+,%."+-%':%5-:-.,%.'$$-.,#'*%-::#.#-*.4?%2-%:'.1+%'*%/'2%!!%-::-.,%,/-%51$",#'*%,/",%5-:-.,+%$-)"#*+%
1*:#H-58%I-%1+-%,/-%&-$.-*,"(-%':%)-,/'5+%"..-++-5%64%&"#$%&$'($"))-$+%&$#'$%,'%,/-%5-:-.,%.'$$-.,#'*%]KQ!!^%
"+%,/-%!!%)-"+1$-8%b4%1+#*(%,/#+%)-"+1$-?%2-%"$-%#*,-$-+,-5%,'%+--%2/-,/-$%KQ!!%/"+%+')-%+'$,%':%,/$-+/'35%
$-3",#'*+/#&%,'%,/-%51$",#'*8%
>/-%"*"34@-5%5","%.'*+#+,+%':%OL%5-:-.,+%.'33-.,-5%:$')%,/-%,$".7#*(%+4+,-)8%>/-%51$",#'*%':%5-:-.,%.'$$-.,#'*%
<"$#-+%:$')%"6'1,%A8R%%,'%GORR%/'1$+?%2#,/%,/-%)-"*%<"31-%':%"6'1,%LMR%/'1$+?%"*5%,/-%+,"*5"$5%5-<#",#'*%<"31-%
':%AGMJ%/'1$+8%>/-%5#+,$#61,#'*%':%51$",#'*%'*%-"./%($'1&%':%KQ!!%#331+,$",-5%#*%_#(1$-%B8J8
U8<7%).?5K.:+R.D0+$.+1._BLL.&3,.,)1)'$.'+%%)'$8+3.,7%&$8+3.X'&#).WIZ
!"(-%BA%
_LL fHc4HHh H XHc.9HZ f9Hc.?HZ f?Hc.4HHh
Y#@- OL MA AZ G M
Q-"* LMR AOGL BMA OAZ GOM
Q-5#"*% MBT OMG MZZ MAZ GOM
/&"0).?54K-.])#'%8D$8N).#$&$8#$8'.+1.,)1)'$.'+%%)'$8+3.,7%&$8+3.X'&#).WIZ
/A).%)#70$.+1.$Y$)#$5.>/-%$-+13,%':%,C,-+,%#*5#.",-+%"%+#(*#:#."*,%5#::-$-*,%':%51$",#'*%2/-*%KQ!!%,/$-+/'35%#+%':%
@-$'8%>/#+%$-<-"3+%,/",%2/-*%5-<-3'&-$+%1+-%!!%6-:'$-/"*5?%,/-%51$",#'*%,/",%5-:-.,%$-)"#*+%1*:#H-5%,-*,+%,'%6-%
+/'$,-$8%F,%."*%%"3+'%6-%.'*:#$)-5%64%,/-%'6+-$<#*(%,/-%)-"*%':%51$",#'*%",%',/-$%,/$-+/'35+8%
/A%)#A+0, DYN&07) B)&3.+1.,7%&$8+3.XA%#5Z.XG4.c.G9Z
ZK Z8ZRr AOGL[RR[RM%?%%BZT[BJ[AT
MZK Z8ZG AZGO[RB[BZ%%?%%OLZ[RJ[MJ
BZK %Z8R LBA[BB[BZ%%?%%GOM[AB[BB%
/&"0).?54g-.$Y$)#$.+1.,)1)'$.'+%%)'$8+3.,7%&$8+3.X'&#).WIZ
,,,,,0B2,,3A44,C=-.%)%(.D,#+.,&-&#$,=-.%)%*#&%-+,())-/&,
>/#+%."+-%:'.1+-+%'*%/'2%!!%-::-.,%,/-%,',"3%-::'$,%':%5-:-.,%.'$$-.,#'*8%b4%1+#*(%KQ!!%"+%,/-%%)-"+1$-?%2-%"$-%
#*,-$-+,-5%,'%+--%2/-,/-$%,/-%&-$.-*,"(-%':%)-,/'5+% ,/",%2-$-%"..-++-5%64%!!%6-:'$-% ,/-%5-:-., %5-,-.,#'*%/"+%
+')-%+'$,%':%,/$-+/'35%$-3",#'*+/#&%,'%,/-%-::'$,%,'%:#H%,/-%5-:-.,8%
U8<7%).?5g.:+R.D0+$.+1._BLL.&3,.,)1)'$.'+%%)'$8+3.)11+%$..X'&#).WKZ
!"(-%BM%
_LL fHc4HHh H XHc.9HZ f9Hc.?HZ f?Hc.4HHh
Y#@- OL MA AZ G M
Q-"*% MJGA BRR GMGB MBZG %RMLM
Q-5#"* AJOM %AAOL OGJB %AJJM RMLM
/&"0).?54E-.])#'%8D$8N).#$&$8#$8'.+1.,)1)'$.'+%%)'$8+3.)11+%$.X'&#).WKZ
/A).%)#70$.+1.$Y$)#$5.>/-$-%#+%*'%+#(*#:#."*,%5#::-$-*.-%':%,/-%.'$$-.,#'*%-::'$,%6-,2--*%,/-%5-:-.,+%':%5#::-$-*,%
KQ!!%,/$-+/'35+8%%X'2-<-$?%64%'6+-$<#*(%,/-%)-"*%':%-::'$,?%'*-%."*%+--%,/",%,/-%)-"*%<"31-+%"$-%#*.'*+#+,-*,8%
>/-%,-+,+%",%GZK%"*5%JZK%,/$-+/'35%"$-%')#,,-5?%51-%,'%,/-%#*+1::#.#-*,%5","%&'#*,+8%
/A%)#A+0, DYN&07) B)&3.+1.)11+%$.X#)'+3,#Z.XG4.c.G9Z
ZK Z8AA MMTM8BO%?%RAAR8GG
MZK Z8JT OGBZ8AO%?%%OOGL8JJ
BZK %Z8GR OBRL8LM%?%RJLO8ZZ
/&"0).?59H-.$Y$)#$.+1.,)1)'$.'+%%)'$8+3.)11+%$.X'&#).WKZ
0E2,3A44,C/(#.F-+$'D,#+.,&-&#$,$-*#$%G#&%-+,())-/&
>/#+%.'*:#(1$",#'*%5#::-$+%:$')%,/-%&$-<#'1+%."+-%"+%2-%."3.13",-%KQ!!%:$')%,/-%)-,/'5+%,/",%2-$-%"..-++-5%
61,%*',%)'5#:#-5%&$#'$%,'%,/-%5-:-.,%.'$$-.,#'*8%>'%6-%.'*+#+,-*,?%,/-%-::'$,%+&-*,%'*%+1./%)-,/'5+%#+%$-:-$$-5%"+%
5-:-.,%3'."3#@",#'*%-::'$,8%
U8<7%).?5E.:+R.D0+$.+1._BLL.&3,.,)1)'$.0+'&08V&$8+3.)11+%$.X'&#).WgZ
!"(-%BO%
_LL fHc4HHh H XHc.9HZ f9Hc.4HHh
Y#@- OL AR AJ G
Q-"*% ORJR8Z JOB8M GBOO ALAG
Q-5#"* AJBZ8Z BAB8Z OBTJ AJBB%
/&"0).?594-.])#'%8D$8N).#$&$8#$8'.+1.,)1)'$.'+%%)'$8+3.)11+%$.X'&#).WgZ
/A).%)#70$.+1.$Y$)#$5.>/-$-%#+%"%+#(*#:#."*,%5#::-$-*.-%':%-::'$,%,'%3'."3#@#*(%5-:-.,+%2/-*%,/-%,/$-+/'35%#+%ZK8%F*%
,/#+%."+-?%,/-%)-"*%':%-:'$,%#+%)1./%/#(/-$%2/-*%)-,/'5+%"..-++-5%51$#*(%,/-%5-:-.,%3'."3#@",#'*%/"<-%6--*%
#*<'3<-5%51$#*(%&"#$%&$'($"))#*(%+-++#'*8%X'2-<-$?%,/#+%-::-.,%5'-+%*',%/'35%",%',/-$%,/$-+/'35+8
/A%)#A+0, DYN&07) B)&3.+1.)11+%$.X#)'+3,#Z.XG4.c..G9Z
ZK Z8ZZr %JOB8MZ%%%ROZO8TR%
MZK Z8ZT OJJJ8AMA%%ALAR8JOO
/&"0).?599-.$Y$)#$.+1.,)1)'$.0+'&08V&$8+3.)11+%$.X'&#).WgZ
,,,,,0H2,&5(,#;;/-#*5,&-,.()(*&,*-//(*&%-+,())-/&
F* %,/#+%."+-%2-%"$- %#*,-$-+,-5%,'%+--%2/-,/-$ % ,/-$-%-H#+, %"*%-::-., %':% ,/-%5-:-., %.'$$-.,#'*%"&&$'"./? %!!%'$%
#*5#<#51"3?%'*%,/-%,',"3%-::'$,%':%5-:-.,%.'$$-.,#'*8%
U8<7%).?54H.:+R.D0+$.+1.,)1)'$.'+%%)'$8+3.&DD%+&'A.&3,.'+%%)'$8+3.)11+%$.X'&#).WEZ
!"(-%BB%
_LL !00 >8$A+7$.
LL
>8$A.LL
Y#@- OL OR B
Q-"*% GBBG GOAA8Z TGMB
Q-5#"* BGZM BGZM8Z TBJG
/&"0).?59@-.])#'%8D$8N).#$&$8#$8'.+1.,)1)'$.'+%%)'$8+3.)11+%$.X'&#).WEZ
/A).%)#70$.+1.$Y$)#$5.>/-%,C,-+,%#*5#.",-+%,/",%,/-$-%#+%*'%+#(*#:#."*,%5#::-$-*.-+%':%,/-%-::'$,%,'%:#H%5-:-.,+%2/-*%
5#::-$-*,%"&&$'"./-+%"$-%-H-$.#+-58%X'2-<-$?%,/-%)-"*%<"31-%':%-::'$,%#+%+3#(/,34%/#(/-$%#*%,/-%."+-%':%!!8%>/#+%
:#*5#*(+%.'*:#$)-5%,/-%$-+13,+%':%&$-<#'1+%.'*:#(1$",#'*+%,/",%!!%$-+13,+%#*%/#(/-$%-::'$,8
!DD%+&'A DYN&07) B)&3.+1.)11+%$.X#)'+3,#Z.XG4.c..G9Z
2#,/'1,%!!%"*5%!! Z8TZ %GOAA8ZL%?%TGMO8TR
/&"0).?59?-.$Y$)#$.+1.,)1)'$.'+%%)'$8+3.)11+%$.X'&#).WEZ
,,,,01I2,344,;/%-/,&-,&5(,.()(*&,.(&(*&%-+,-),.()(*&,*-+&/%7"&%+J,=(&5-.8,
>/-%&$-<#'1+%01-+,#'*+%"55$-++%,/-%-::-.,%':%!!%'*%,',"3%,#)-%"*5%-::'$,%,'%.'$$-.,%,/-%5-:-.,8%>/-%01-+,#'*%#+%
2/-,/-$%,/-%-::-.,%':%!!%'*%+')-%)-"+1$-+%':%5-:-.,%.'$$-.,#'*%-::#.#-*.4%#+%&-$.-#<"63-%",%,/-%)-,/'5%3-<-38%>/-%
$-+-"$./%01-+,#'*%VAZ%l%VAO%"$-%5-+#(*-5%,'%#*<-+,#(",-%+1./%"+&-.,+8%
F*%,/#+%."+-?%2-%"*"34@-%2/-,/-$%,/-$-%#+%"%,/$-+/'35%-::-.,%6-,2--*%K!!%':%5-:-.,#<-%)-,/'5+?%&$#'$%,'%,/-%
5-:-.,%5-,-.,#'*?%"*5%,/-%-::'$,%+&-*,%'*%,/",%)-,/'5%,'%.3-"*%1&%,/-%:"13,8
U8<7%).?544.:+R.D0+$.+1._LL.D%8+%.$+.$A).,)1)'$.,)$)'$8+3.&3,.C+,818'&$8+3.)11+%$.X'&#).W4HZ
!"(-%BR%
_LL fHc4HHh H XHc.9HZ f9Hc.?HZ f?Hc.IHZ fIHc.gHZ fgHc.4HHh
Y#@- BAM OJZ AO T M M J
Q-"*% %MTO8G MRG8AZ GAR8T% RGR8B RL8RZ %BZG8R OAA8A
Q-5#"* TM8R TZ8RZ %OLG8Z %MJZ8Z %RL8RZ %BZG8R BR8R
/&"0).?59F-.])#'%8D$8N).#$&$8#$8'.+1..C+,818'&$8+3.)11+%$.X'&#).W4HZ
/A).%)#70$.+1.$Y$)#$5.f'%5#::-$-*.-+%6-,2--*%K!!%&$#'$%,'%,/-%5-:-.,%5-,-.,#'*%"*5%.'$$-.,#'*%-::'$,%."*%6-%
'6+-$<-5%:$')%,/-%6'H%&3',+8%>/-%$-+13,+%':%,/-%,C,-+,%.'*:#$)%,/",%,/-$-%#+%*'%+#(*#:#."*,%5#::-$-*.-+%#*%.'$$-.,#'*%
-::'$,%#*%)-,/'5%2#,/%5#::-$-*,%K!!8%>/-%$-+13,+%/'35%:'$%"33%,/-%,/$-+/'35+%1*5-$%,/-%.'*+#5-$",#'*+8
/A%)#A+0, DYN&07) B)&3.+1.)11+%$.X#)'+3,#Z.XG4..c.G9Z
ZK Z8AO MRG8AZTL%%BJZ8TAJJ
MZK Z8BB MGJ8ZZMR%%OJJ8OGJB%
BZK Z8LO MTO8MZTR%%MJR8ZJOO
GZK Z8TZ MTM8ABBO%%OOZ8MZZZ%
JZK Z8JO MTM8JZLB%%OAA8AMRZ
/&"0).?59I-.$Y$)#$.+1.,)1)'$.'+%%)'$8+3.)11+%$.X'&#).W4HZ
,,,,
,,,,0112,344,."/%+J,&5(,.()(*&,*-//(*&%-+,-),.()(*&,*-+&/%7"&%+J,=(&5-.8,
>/#+%.'*:#(1$",#'*%:'.1+-+%'*%,/-%."+-%,/",%!!%#+%"5'&,-5%51$#*(%,/-%5-:-.,%.'$$-.,#'*8%I-%"*"34@-%/'2%!!%-::-.,%
,/-%)'5#:#.",#'*%-::'$,8%X'2-<-$?%,/-%,-+,%':%,/$-+/'35%-::-.,%."**',%6-%&-$:'$)-5%51-%,'%,/-%#*+1::#.#-*,%5","%
&'#*,+8%%I-%'*34%.')&"$-%,/-%.'$$-.,#'*%-::'$,%#*%,/-%."+-%2/-*%,/-%)'5#:#.",#'*%#+%5'*-%64%!!%"*5%2/-*%#,%#+%
5'*-%64%#*5#<#51"3+8
U8<7%).?549.:+R.D0+$.+1._LL.,7%83<.$A).,)1)'$.'+%%)'$8+3.&3,.C+,818'&$8+3.)11+%$.X'&#).W44Z
!"(-%BG%
_LL !00 >8$A+7$.
LL
LL
Y#@- BAM OLR AT
Q-"*% MTO8G %MGT8L BZB8R
Q-5#"* %TM8R TA8Z %AOZ8Z
/&"0).?59K-.])#'%8D$8N).#$&$8#$8'.+1.C+,818'&$8+3.)11+%$.X'&#).W44Z
/A).%)#70$.+1.$Y$)#$5..>/-%$-+13,%#*5#.",-+%,/",%,/-$-%#+%*'%+#(*#:#."*,%5#::-$-*.-+%6-,2--*%,/-%)'5#:#.",#'*%-::'$,%
2/-,/-$%'$%*',%!!%#+%1+-58%>/-%1+-%':%!!%5'-+%*',%+#(*#:#."*,34%#*.$-"+-%,/-%-::'$,%"+%#,%#+%:'1*5%,/-%,/-%&$-<#'1+%
."+-?%-<-*%,/'1(/%,/-%)-"*%':%-::'$,%+--)+%,'%6-%/#(/-$8
!DD%+&'A DYN&07) B)&3.+1.)11+%$.X#)'+3,#Z.XG4.c..G9Z
I#,/'1,%!!%"*5%!! Z8OJJT MGT8LM%%?%%BZB8RO
/&"0).?59g-.$Y$)#$.+1.,)1)'$.'+%%)'$8+3.)11+%$.X'&#).W44Z
01:2,344,;/%-/,&-,&5(,.()(*&,.(&(*&%-+,-),,=(&5-.8,#**(88(.,."/%+J,&5(,$-*#$%G#&%-+,
F*%,/#+%."+-?%2-%:'.1+%'*%,/-%)-,/'5+%,/",%2-$-%"..-++-5%51$#*(%,/-%5-:-.,%.'$$-.,#'*i%61,%,/-%"..-++%5'-+%*',%
$-+13,%#*%,/-%)'5#:#.",#'*8%>/-%"<"#3"6#3#,4%':%,/-%5","%&'#*,+%"33'2+%1+%,'%,-+,%,/-%-::-.,%':%!!%&$#'$%,'%,/-%5-:-.,%
5-,-.,#'*%"*5%,/-%3'."3#@",#'*%-::'$,%",%-<-$4%,/$-+/'35+8
U8<7%).?54@.:+R.D0+$.+1._LL.D%8+%.$+.$A).,)1)'$.,)$)'$8+3.&3,.C+,818'&$8+3.)11+%$.X'&#).W49Z
!"(-%BT%
_LL fHc4HHh H XHc.9HZ f9Hc.?HZ f?Hc.IHZ fIHc.gHZ fgHc.4HHh
Y#@- GZZ BBB TR MZ AZ J BO
Q-"*% AAR8O AZT8J %AAR8T ARO8TZ LB8ZZ JB8GM AJB8T
Q-5#"* MG8Z %MT8Z% MG8Z %MB8ZZ MO8ZZ OR8RZ MT8Z
/&"0).?59E-.])#'%8D$8N).#$&$8#$8'.+1..C+,818'&$8+3.)11+%$.X'&#).W49Z
/A).%)#70$.+1.$Y$)#$5.>/-%)-"*%':%5-:-.,%3'."3#@#*(%-::'$,%#+%+3#(/,34%/#(/-$%:'$%,/-%($'1&%,/",%.'*,"#*+%5","%&'#*,+%
2#,/%-01"3%'$%/#(/-$%K!!%,/"*%,/-%,/$-+/'35+%,/"*%,/-%($'1&%2#,/%3'2-$%K!!%,/"*%,/$-+/'358%X'2-<-$?%,/-%$-+13,%
:$')%,/-%,C,-+,%$-<-"3+%,/",%6',/%($'1&+%"$-%,"7-*%:$')%,/-%+")-%5#+,$#61,#'*8%\'*+-01-*,34?%,/-$-%#+%#*+1::#.#-*,%
-<#5-*.-%,'%+"4%,/",%,/-%)'$-%!!%#+%"&&3#-5%,'%,/-%)-,/'5?%,/-%)'$-%1*5-$+,"*5"63-%,/-%)-,/'5%#+8
/A%)#A+0, DYN&07) B)&3.+1.)11+%$.X#)'+3,#Z.XG4.c..G9Z
ZK Z8OR AZT8TT%%?%AOG8GA
MZK Z8MG AZJ8LM%?%ARR8LR
BZK Z8OB AAZ8RJ%?%%ARG8GL
GZK Z8OZ AAZ8MJ%?%%AGJ8LJ
JZK %Z8MG AZL8LA%?%AJB8GT
/&"0).?5@H-.$Y$)#$.+1.,)1)'$.0+'&08V&$8+3.)11+%$.X'&#).W49Z
,,,,,01<2,344,."/%+J,&5(,.()(*&,.(&(*&%-+,-),,=(&5-.8,#**(88(.,."/%+J,&5(,$-*#$%G#&%-+
>/#+%.'*:#(1$",#'*%.'*+#5-$+%,/-%1+-%':%!!%51$#*(%,/-%5-:-.,%3'."3#@",#'*%"*5%,/-%-::'$,%$-01#$-5%,'%1*5-$+,"*5%,/-%
)-,/'58%%%>/-%,-+,%':%,/-%,/$-+/'35%"$-%*',%"&&3#."63-%#*%,/#+%."+-%51-%,'%,/-%+)"33%+")&3-%+#@-8%>/-$-:'$-%2-%,-+,%
,/-%-::-.,%#*%,/-%."+-%':%!!%"*5%#*5#<#51"3+8
U8<7%).?54?.:+R.D0+$.+1._LL.D%8+%.$+.$A).,)1)'$.,)$)'$8+3.&3,.0+'&08V&$8+3.)11+%$..X'&#).W4@Z
!"(-%BJ%
_LL !00 >8$A+7$.
LL
LL
Y#@- ARZZ AORM %ABJ
Q-"*% LO8MG LM8LG LG8ZG
Q-5#"* MZ8ZZ MZ8ZZ %MO8RZ
/&"0).?5@4-.])#'%8D$8N).#$&$8#$8'.+1.,)1)'$.0+'&08V&$8+3.)11+%$.X'&#).W4@Z
/A).%)#70$.+1.$Y$)#$5%>/-%)-"*%<"31-+%':%-::'$,%':%,2'%($'1&+%"$-%01#,-%+#)#3"$8%>/-%,C,-+,%$-+13,%.'*:#$)+%,/",%
,/-$-%#+%*'%+#(*#:#."*,%5#::-$-*.-%6-,2--*%,/-%-::'$,%1+-5%,'%3'."3#@#*(%5-:-.,+%#*%,/-%."+-%':%!!%"*%#*5#<#51"38%
!DD%+&'A DYN&07) B)&3.+1.)11+%$.X#)'+3,#Z.XG4.c.G9Z
I#,/'1,%!!%"*5%!! Z8JL LM8LG%?%LG8ZG
/&"0).?5@9-.$Y$)#$.+1.,)1)'$.0+'&08V83<.)11+%$.X'&#).W4@Z
,,,
,,,,01>2,4/(*%8%-+,-),$-*#$%G%+J,.()(*&8
`"+,%61,%*',%3-"+,?%2-%"$-%#*,-$-+,-5%,'%+--%2/-,/-$%&"#$%&$'($"))-$+%"*5%#*5#<#51"3+%&-$:'$)%5#::-$-*,34%#*%
3'."3#@#*(%5-:-.,+8%_'$%-"./%5-:-.,?%,/-%&$-.#+#'*%':%5-:-.,%3'."3#@",#'*%#+%,/-%$",#'%':%-::'$,%+&-*,%'*%.'$$-.,#*(%
5-:-.,#<-%)-,/'5+%"*5%,',"3%-::'$,%+&-*,%2'$7#*(%'*%,/-%5-:-.,8%
U8<7%).?54F.:+R.D0+$.+1.,)1)'$.'+%%)'$8+3.&DD%+&'A.&3,.D%)'8#8+3.+1.0+'&08V83<.,)1)'$#.X'&#).W4?Z
!"(-%BL%
_LL !00 >8$A+7$.
LL
LL
Y#@- OL OR B
Q-"*% BJ8TM RZ8BA OO8LJ
Q-5#"* BL8OM BL8OB MB8TM
/&"0).?5@@-.])#'%8D$8N).#$&$8#$8'.+1.D%)'8#8+3.+1.0+'&08V83<.,)1)'$#.X'&#).W4?Z
/A).%)#70$.+1.$Y$)#$5%%>/-%,C,-+,%%$-<-"3+%,/",%,/-$-%#+%*'%%+#(*#:#."*,%5#::-$-*,%6-,2--*%&"#$%&$'($"))-$%"*5%
#*5#<#51"3%#*%,/-%&$-.#+#'*%':%3'."3#@#*(%5-:-.,+8
!DD%+&'A DYN&07) B)&3.+1.D%)'8#8+3.XG4.c.G9Z
I#,/'1,%!!%"*5%!! Z8BL RZ8BA%%OO8LJ
/&"0).?5@?-.$Y$)#$.+1.$A).D%)'8#8+3.+1.,)1)'$.0+'&08V&$8+3.X'&#).W4?Z
!"(-%RZ%
F5 G7CC&%*.+1.$A).%)#70$#
F545 Q11)'$#.+1.D&8%.D%+<%&CC83<.+3.O7&08$*I-%/"<-%-<"31",-5%,/-%;3#*-"$=%"*5%;,/$-+/'35=%-::-.,+%':%&"#$%&$'($"))#*(%]!!^%'*%01"3#,48 %I-%1+-%5-:-.,%
5-*+#,4%':%)-,/'5+%"+%%"%)-"+1$-%':%01"3#,4i%2/#3-%<"$#'1+%&-$.-*,"(-+%':%&"#$%&$'($"))#*(%]K!!^%"&&3#-5%,'%
)-,/'5+%"$-%.'*+#5-$-5%"+%,/-%,$-",)-*,8%>/-%"*"34+#+%:'.1+-+%'*%,2'%,4&-+%':%-<-*,+%#*%"%+':,2"$-%&$'D-.,[%A^%,/-%
,#)-%,/",%5-:-.,+%"$-%5#+.'<-$-5?%%"*5%M^%,/-%,#)-%,/",%-*/"*.-)-*,+%"$-%#)&3-)-*,-58%Y1./%-<-*,+%"33'2%1+%,'%
,/-%,$".7%,/-%"5'&,#'*%':%!!%#*%+-<-$"3 %."+-+8 % %_'$%-"./%."+-+%':%.'*+#5-$",#'*?%2-%)-"+1$-%,/-%.'$$-3",#'*%
6-,2--*%!!%"*5%5-:-.,%5-*+#,4?%"*5%,/-%5#::-$-*.-+%':%5-:-.,%5-*+#,4%",%+-3-.,-5%,/$-+/'35+%':%!!8
>/-%,-+,+%':%.'$$-3",#'*%$-<-"3+%,/",%,/-$-%#+%*'%3#*-"$%5-&-*5-*.4%6-,2--*%,/-%)-"+1$-+%':%!!%"*5%,/-%)-"+1$-+%
':%01"3#,4%#*%"33%."+-+%1*5-$%.'*+#5-$",#'*+8%F*%"*',/-$%2'$5?%)'$-%"5'&,#'*%':%!!%#*%)-,/'5+%5'-+%*',%$-+13,%#*%
3-++%5-:-.,8%%%
\'*+#5-$#*(%,/-%)-"+1$-%':%5#::-$-*.-+?%,/-%$-+13,+%+/'2%,/",
! I/-*%.'*+#5-$#*(%,/-%"5'&,#'*%':%!!%:'$% ,/-%2/'3-%'6+-$<",#'*%]VA^? % ,/-%5-:-., %5-*+#,4%<"$#-+% #*%,/-%
5#::-$-*,%3-<-3+%':%K!!8%>/-%-H")#*",#'*%':%5-:-.,%5-*+#,4%$-<-"3+%*'%&",,-$*%,'2"$5+%3'2-$%5-:-.,%5-*+#,4%
"./#-<-5%2#,/%/#(/-$%K!!8%>/-%$-+13,%:$')%,C,-+,%.'*:#$)+%,/-%'6+-$<",#'*%,/",%5-:-.,%5-*+#,4%#+%':%+#)#3"$%
",%<"$#'1+%K!!8
! I/-*%2-%.'*+#5-$%,/-%&'$,#'*+%':%!!%&$#'$%,'%,/-%5-,-.,#'*%':%,/-%5-:-.,%]VM^?%,/-%5#+,$#61,#'*%':%,/-%5","+-,%
.'*:#$)+%,/-%:#*5#*(%#*%,/-%."+-%VA8%>/1+?%2-%."**',%$-D-.,%,/-%*133%/4&',/-+-+%:'$%"33%K!!%,/$-+/'35+%,/",%
!!%5'-+%*',%$-51.-%,/-%5-:-.,%$",-%#*%,/-%)-,/'5+8
! I/-*%.'*+#5-$#*(%,/-%&'$,#'*+%':%!!%&$#'$% ,'%,/-%-*/"*.-)-*,+%]VO^? % ,/-%$-+13,+%+/'2%,/",% ,/-%5-:-.,%
5-*+#,4 %': %)-,/'5+ %<"$#-+ % ,/- %)'+, %2/-* %5-<-3'&-$+ %2'$7 %'* % ,/- %)-,/'5+ %5-<-3'&-5 %1+#*( % ,/- % +'3'%
&$'($"))#*(%+,43-8%h+#*(%,/-%,C,-+,?%2-%$-D-.,%,/-%*133%/4&',/-+-+%:'$%"33%K!!%,/$-+/'35+8%F*%"*',/-$%2'$5?%
,/-%1+"(-%':%!!%6-:'$-/"*5%/-3&+%,'%#*.$-"+-%,/-%01"3#,4%':%-*/"*.-)-*,+%":,-$2"$5+8%
! I/-*%.'*+#5-$#*(%,/-%1+"(-%':%!!%":,-$%,/-%5-:-.,%#+%:'1*5%#*%,/-%)-,/'5%]VB^?%,/-%$-+13,%+/'2+%,/-%5-:-.,%
$",- %.'*+#5-$"634%5-.$-"+-+ %2/-*%!!%#+%1+-58 %h+#*(% ,/-%,C,-+, % ,'%.')&"$-%)-,/'5+%2#,/%!!%", %+-<-$"3 %
,/$-+/'35+?%2-%$-D-.,%,/-%*133%/4&',/-+-+%",%"33%."+-+8
! I/-*%.'*+#5-$#*(%,/-%1+"(-%':%!!%:'$%-*/"*.-)-*,%2'$7%]."+-%VR^?%,/-%5","%5#+,$#61,#'*%#+%01#,-%+#)#3"$%,'%
,/-%."+-%VB8%>/-%5-:-.,%5-*+#,4%<"$#-+%,/-%)'+,%2/-*%5-<-3'&-$+%5'%*',%1+-%!!8%X'2-<-$?%,/-%)-5#"*%':%
5-:-.,%5-*+#,4%#+%@-$'8%h+#*(%,/-%,C,-+,?%,/-%-<#5-*.-%#+%+1::#.#-*,%,'%$-D-.,%,/-%*133%/4&',/-+-+%2/-*%K!!%
,/$-+/'35%#+%-01"3%'$%)'$-%,/"*%MZK8
F*%+1))"$4?%2-%$-D-.,%,/-%*133%/4&',/-+-+%#*%,/-%."+-%VO?%VB%?"*5%VR%64%1+#*(%,/-%&"$")-,$#.%,-+,8%>/-%&C<"31-+%
<"$#-+%:$')%Z8ZZ%l%Z8ZO8% %>/-%$-+13,%#+%#331+,$",-5%#*%_#(1$-%R8A8%>/-%+#(*#:#."*,%$-+13,+%"$-%/#(/3#(/,-5%2#,/%&C
<"31-8
U8<7%).F54./A).)N&07&$8+3.+1.LL.)11)'$.+3.O7&08$*
!"(-%RM%
F595 Q11)'$.+1.D&8%.D%+<%&CC83<.+3.)118'8)3'*.+1.,)1)'$.
'+%%)'$8+3#>/-%;3#*-"$=%"*5%;,/$-+/'35=%-::-.,+%':%&"#$%&$'($"))#*(%]!!^%'*%-::#.#-*.4%':%5-:-.,%.'$$-.,#'*%"$-%-<"31",-58%
I-%1+-5%,/$--%)-"+1$-+%,'%-<"31",-%,/-%-::#.#-*.4[%A^%51$",#'*%,/-%,/-%5-:-.,%$-)"#*+%1*:#H-5?%M^%-::'$,%+&-*,%:'$%
,/-%5-:-.,%.'$$-.,#'*?%"*5%O^%,/-%&$-.#+#'*%,'%3'."3#@#*(%5-:-.,+8%>/-%"*"34+#+%#+%5#<#5-5%#*,'%J%."+-+?%.'*+#5-$#*(%
5#::-$-*,%)-"+1$-+%':%!!8
>/-%)-"+1$-%':%.'$$-3",#'*%#*5#.",-+%,/",%,/-$-%#+%*'%,/-%3#*-"$%$-3",#'*+/#&%6-,2--*%,/-%)-"+1$-%':%!!%"*5%,/-%
)-"+1$-%':%!!%1*5-$%,/-%."+-+%':%.'*+#5-$",#'*+8
>/-%,/$-+/'35%-::-.,+[
! W1$",#'*%':%,/-%5-:-.,%.'$$-.,#'*%]VG^8%I-%1+-%,/-%$",#'%':%)-,/'5+%,/",%2-$-%"..-++-5%64%!!%&$#'$%,'%,/-%
5-:-., %5-,-.,#'*% ]KQ!!^%"+ %" %!!%)-"+1$-8 % %>/- % ,C,-+, % $-+13, %+/'2+% ,/", %5-:-., %.'$$-.,#'* %51$",#'*% #+%
+#(*#:#."*,34%+/'$,-$%2/-*%5-<-3'&-$+%1+-%!!%6-:'$-/"*58%>/-%+#(*#:#."*,%5#::-$-*.-%/'35+%'*34%2/-*%,/-%
,/$-+/'35%#+%@-$'8%%
! >',"3%-::'$, %1+-5%:'$%)'5#:4#*(%5-:-.,#<-%)-,/'5+%]VT^8 %N("#*%2-%1+-%KQ!!%"+%,/-%!!%)-"+1$-8 %I-%
."**',%$-D-.,%,/-%*133%/4&',/-+-+%:'$%-<-$4%KQ!!%,/$-+/'35+8%%>/#+%$-+13,+%#*5#.",-%,/",%,/-%)'5#:#.",#'*%
-::'$,%5'-+%*',%#*.$-"+-%+#(*#:#."*,34%64%,/-%"5'&,#'*%':%!!%6-:'$-%,/-%5-:-.,%5-,-.,#'*8
! >',"3%-::'$,%1+-5%:'$%3'."3#@#*(%5-:-.,+%]VJ^8%I-%$-D-.,%,/-%*133%/4&',/-+-+%2/-*%,/-%KQ!!%,/$-+/'35%#+%
@-$'8%>/-%-::'$,%#+%+#(*#:#."*,34%/#(/-$ %2/-*%)-,/'5+%"..-++-5%51$#*(%,/-%5-:-.,%3'."3#@",#'*%/"<-%6--*%
#*<'3<-5%51$#*(%&"#$%&$'($"))#*(%+-++#'*%6-:'$-/"*58
! >',"3%-::'$,%1+-5%:'$%5-:-.,%.'$$-.,#'*%]VL^8%%F*%,/#+%."+-%2-%.'*+#5-$%,/-%"&&$'"./%,'%5-:-.,%.'$$-.,#'*%"+%
,/-%!!%)-"+1$-8%F:%,/-$-%-H#+,+%"%&'$,#'*%':%,#)-%51$#*(%,/-%.'$$-.,#'*%+&-*,%64%1+#*(%!!?%,/-*%2-%+"4%,/",%"%
5-:-.,%#+%:#H-5%64%!!8%F:%,/-%2/'3-%&-$#'5%':%5-:-.,%.'$$-.,#'*+%#+%5'*-%2#,/'1,%1+#*(%!!?%,/-*%2-%+"4%,/",%
,/- %5-:-., % #+ % :#H-5 %64 % #*5#<#51"3+8 %>/- % $-+13, % #*5#.",-+ % ,/", % ,/-$- % #+ % *' % +#(*#:#."*, %5#::-$-*.- % #* % ,',"3%
.'$$-.,#'*%-::'$,?%2/-*%5#::-$-*,%"&&$'"./-+%,'%5-:-.,%.'$$-.,#'*%"$-%"5'&,-58
! S::'$, % +&-*, % '* %)'5#:4#*( % -"./ % 5-:-.,#<- %)-,/'5 % ]VAZ^8 %>/#+ % ."+- % .'*+#5-$+ % ,/- % -::'$, % +&-*, % '* % "*%
#*5#<#51"3 %5-:-.,#<- %)-,/'58 %I-%1+- %K!! %&$#'$ % ,' % ,/- %5-:-., %5-:-.,#'* %"+ %" %!! %)-"+1$-8 %>/- % $-+13,%
#*5#.",-+%,/",%,/-$-%#+%*'%+#(*#:#."*,%5#::-$-*.-%#*%)'5#:#.",#'*%-::'$,%#*%-<-$4%+-3-.,-5%,/$-+/'358%
! S::'$,%+&-*,%'*%)'5#:4#*(%-"./%5-:-.,#<-%)-,/'5%%]VAA^8%F*+,-"5%':%K!!%&$#'$%,'%,/-%5-:-.,%5-,-.,#'*?%2-%
1+-%K!!%51$#*(%,/-%.'$$-.,#'*%"+%,/-%!!%)-"+1$-8%F*%,/#+%."+-?%2-%."**',%$-D-.,%,/-%*133%/4&',/-+-+8
! S::'$, % +&-*, %'* % +-"$./#*( % :'$ %5-:-.,+ % #* %*'*C5-:-.,#<- %)-,/'5 % ]VAM^8 %h+#*( %K!!%&$#'$ % ,' % ,/- %5-:-.,%
5-:-.,#'*%"+%"%!!%)-"+1$-?%2-%."**',%$-D-.,%,/-%*133%/4&',/-+-+%",%-<-$4%+-3-.,-5%,/$-+/'358%>/#+%$-+13,%#+%#*%
3#*-%2#,/%,/-%:#*5#*(%#*%01-+,#'*%VAZ8%
! S::'$,%+&-*,%'*%+-"$./#*(%:'$%5-:-.,+%#*%*'*C5-:-.,#<-%)-,/'5%]VAO^8%h+#*(%K!!%51$#*(%,/-%.'$$-.,#'*%"+%
,/-%!!%)-"+1$-?%2-%."**',%$-D-.,%,/-%*133%/4&',/-+-+8%>/#+%$-+13,%#*5#.",-+%,/-%-::-.,%+&-*,%'*%-"./%)-,/'5%
5'-+%*',%#*.$-"+-%-<-*%,/'1(/%!!%#+%1+-5%51$#*(%,/-%5-:-.,%3'."3#@",#'*8%>/#+%:#*5#*(%#+%#*%3#*-%2#,/%,/-%
$-+13,%#*%01-+,#'*%VAA8
! >/-%&$-.#+#'*%':%3'."3#@#*(%5-:-.,+%]VAB^8%I-%1+-%,/-%$",#'%6-,2--*%,/-%-::'$,%+&-*,%'*%)'5#:4#*(%5-:-.,#<-%
)-,/'5+%"*5%,/-%,',"3%5-:-.,%.'$$-.,#'*%-::'$,%,'%)-"+1$-%,/-%&$-.#+#'*8%>/-%)'$-%,#)-%+&-*,%'*%,/-%;$#(/,=%
)-,/'5+%,/",%*--5%,'%6-%:#H-5?%,/-%)'$-%,/-%&$-.#+#'*8%>/-%"&&$'"./%,'%,/-%.'$$-.,#'*%#+%1+-5%"+%,/-%!!%
)-"+1$-8 %>/- % ,C,-+, % $-+13, % $-<-"3+ % ,/", % ,/- %&$-.#+#'* %': % 3'."3#@#*( %5-:-.,+ % #+ % *', %5#::-$-*, % :'$ %!! %"*5%
#*5#<#51"3+8
F*%+1))"$4?%2-%$-D-.,%,/-%*133%/4&',/-+-+%#*%,/-%."+-%VG%?"*5%VJ%64%1+#*(%,/-%&"$")-,$#.%,-+,8%>/-%&C<"31-+%
<"$#-+ % :$')%Z8ZR %"*5 %Z8ZZ? %"..'$5#*(348 % %>/- %$-+13, % #+ % #331+,$",-5 % #* %_#(1$- %R8M8 %>/-%+#(*#:#."*, % $-+13,+ %"$-%
/#(/3#(/,-5%2#,/%&C<"31-8
U8<7%).F59./A).)N&07&$8+3.+1.LL.)11)'$.+3.)118'8)3'*.+1.,)1)'$.'+%%)'$8+3#
!"(-%RB%
F5@5 /A).3+3YD&%&C)$%8'.$)#$#.+1.,811)%)3')#>/-%01-+,#'*%#+ % ,/", %2/-,/-$ % ,/-%+#(*#:#."*, %$-+13,+ %:$')%,/-%&"$")-,$#. % ,-+,+ %$-)"#*%<"3#5%2/-*%1+#*(%*'*%
C&"$")-,$#.%,-+,8%>'%."&,1$-%,/#+%#++1-?%2-%"&&34%,/-%*'*C&"$")-,$#.%,-+,+%]I#3.'H'*^%'*%,/-%."+-+%,/",%,/-%*133%
/4&',/-+-+%"$-%$-D-.,-5%64%,/-%&"$")-,$#.%,-+,8%
P-("$5#*(%,/-%-::-.,%':%!!%'*%01"3#,4?%,/-%*133%/4&',/-+-+%"$-%$-D-.,-5%#*%,/-%:'33'2#*(%."+-+[%VO?%VB?"*5%VR8%
N*5%:'$%,/-%-::-.,%':%!!%'*%-::#.#-*.4%':%5-:-.,%.'$$-.,#'*?%,2'%*133%/4&',/-+-+%"$-%$-D-.,-5[%VG?%"*5%VJ8
Y#)#3"$%,'%,/-%&"$")-,$#.%,-+,+?%2-%.')&"$-%,/-%5#+,$#61,#'*%':%5-:-.,%5-*+#,4%#*%)-,/'5+%2/-*%,/-%&-$.-*,"(-%':%
&"#$%&$'($"))#*(%#+%"6'<-%"*5%6-3'2%,/-%,/$-+/'35+8%>/-%&C<"31-+%:$')%,/-%,-+,+%"$-%&$-+-*,-5%#*%>"63-%R8A% C%
>"63-%R8M8
F* % ,/-%."+-+ %1*5-$%.'*+#5-$",#'*? % ,/-%*'*C&"$")-,$#. % ,-+,+%5'%*',%(#<- %+#(*#:#."*, % $-+13,+ % #*%)'+,%."+-+8 %N*%
-H&3"*",#'*%,'%,/#+%:#*5#*(+%#+%,/",%&"$")-,$#.%"*5%*'*C&"$")-,$#.%,-+,+%."&,1$-%5#::-$-*,%5-,"#3+%':%,/-%5","8%b4%
/"<#*(%"*%&$-+1)&,#'*%,/",%,/-%5","%#+%5#+,$#61,-5%*'$)"334?%,/-%&"$")-,$#.%,-+,%.')&"$-+%,/-%5#::-$-*.-+%':%,2'%
5","+-,+%64%1+#*(%,/-%)-"*%<"31-8%X'2-<-$?%,/-%)-"*%<"31-%."*%6-%5')#*",-5%64%+')-%5","%&'#*,+%/"<#*(%<-$4%
/#(/%<"31-+?%#*%."+-%,/-%5","%+-,%#+%+7-28%%>/-%*'*%C&"$")-,$#.%,-+,%1+-+%,/-%$"*7%'$5-$%#*+,-"5%':%,/-%$-"3%<"31-%':%
,/-%5","8%>/-$-:'$-?%,/-%$-+13,%#+%5')#*",-5%64%,/-%)-5#"*%<"31-%#*%."+-%,/-%5","%+-,%#+%*',%*'$)"334%5#+,$#61,-58
W7)#$8+3
./A%)#A+0,#.+1.LL.C)%)#
H_ 9H_ ?H_ IH_ gH_
W@ Z8LR %Z8MG Z8JB Z8TB Z8JA
W? Z8MB Z8AJ Z8BZ Z8BR Z8RG
WF Z8AG Z8ZBr Z8ZG Z8AZ Z8AR
/&"0).F54-./A).%)#70$#.+1.3+3YD&%&C)$%8'.$)#$#.+1.,811)%)3')#.83.O7&08$*.C)%)#
W7)#$8+3
/A%)#A+0,#.+1.LL.C)%)#
H_ 9H_ ?H_ IH_ gH_
WI Z8TM Z8OL Z8JT *n" *n"
Wg Z8ZZr Z8TJ *n" *n" *n"
/&"0).F59-./A).%)#70$#.+1.3+3YD&%&C)$%8'.$)#$#.+1.,811)%)3')#.83.)118'8)3'*.+1.,)1)'$.'+%%)'$8+3#
F5?5 /A%)&$#.$+.N&08,8$*N%:1*5")-*,"3%01-+,#'*%.'*.-$*#*(%,/-%$-+13,%':%"%."+-%+,154%#+%/'2%<"3#5%,/-%$-+13,+%"$-8%N5-01",-%<"3#5#,4%#+%
,/",%,/-%$-+13,%+/'135%6-%<"3#5%:'$%,/-%&'&13",#'*%':%#*,-$-+,%cI'/3#*%-,%"38?%MZZZd8%>/#+%+-.,#'*%-H&3"#*%2/",%2-%
.'*+#5-$%,'%6-%,/-%)'+,%#)&'$,"*,%,/$-",+%,'%,/-%<"3#5#,4%':%,/#+%."+-%+,1548%
F5?545 2+3#$%7'$.N&08,8$*
>/-%.'*+,$1.,%<"3#5#,4%#+%.'*.-$*-5%2#,/%,/-%$-3",#'*%6-,2--*%,/-%,/-'$4%"*5%,/-%'6+-$<",#'*%cI'/3#*%-,%"38?
MZZZd8 %I-%)1+, %-*+1$- % ,/", % ,/- % ,$-",)-*, % $-:3-.,+ % ,/- %.'*+,$1., %': % ,/- %."1+- %"*5 % ,/- %'1,.')-% $-:3-.,+ % ,/-%
.'*+,$1.,%':%,/-%-::-.,8
! L&8%.D%+<%&CC83<8%!!%/"+%+')-%:".-,+%$-("$5#*(%/'2%&"#$+%"$-%.'*+,$1.,-5?%"*5%/'2%&"#$%2'$7+8%F*%,/#+%
+,154? % ,/- % ,-") % ': % 5-<-3'&-$+ % /"<- % -H&-$#-*.- %2#,/ % !! % 6-:'$-8 % >/-4 %2'$7 % #* % ,/- % +")- % .'C3'.",-5%
-*<#$'*)-*, % "*5 %!! % #+ % .'*+#5-$-5 % "+ % " %(-*-$"3 % &$".,#.- % #* % ,/- % ,-")8 %>/- % #*:'$)",#'* % $-("$5#*( %&"#$%
.'*+,$1.,#'*?%51$",#'*?%"*5%&#-.-+%':%+'1$.-%.'5-%,/",%&"#$+%2'$7%2#,/%2"+%.'33-.,-5%"1,')",#.%64%!P9Q8%
I-%$-.-#<-5%"%.'*:#$)",#'*%:$')%5-<-3'&-$+%,/",%,/-%,''3%2"+%"32"4+%".,#<",-58%>/-$-:'$-?%2-%.'*+#5-$%,/-%
!"(-%RR%
)-"+1$-%':%K!!%':%)-,/'5+%%$-3#"63-8
I-%.'135%*',%."&,1$-%,/-%1+"(-%':%!!%".$'++%)-,/'5%3#:-,#)-8%N+%,/#+%<"$#"63-%#+%,/-%#*5-&-*5-*,%<"$#"63-?%
,/-%./"*(-%':%#,+%<"31-+%"::-.,+%,/-%$-+13,%':%/4&',/-+-+%,-+,#*(%"*5%"*"34+#+8%X'2-<-$?%,/-%51$",#'*%':%'1$%
5","%.'33-.,#'*%3"+,+%"&&$'H#)",-34%AB%)'*,/+8%I-%.'*+#5-$%#,%3'*(%-*'1(/%,'%."&,1$-%,/-%1+"(-%':%!!8
! W7&08$*8%I-%1+-%5-:-.,%5-*+#,4%,'%)-"+1$-%01"3#,4%':%)-,/'5+%#*+,-"5%':%1+#*(%,/-%"6+'31,-%*1)6-$%':%
5-:-.,+8%N6+'31,-%*1)6-$%':%5-:-.,+%#+%#*.')&"$"63-%")'*(%)-,/'5+%':%5#::-$-*,%+#@-+8%I-%*'$)"3#@-%,/-%
)-"+1$-%64%1+#*(%5-:-.,%5-*+#,4%,'%"<'#5%,/#+%#++1-8
! Q118'8)3'*.+1.,)1)'$ .'+%%)'$8+38 %I-%.'*+#5-$%51$",#'*?%-::'$, %"*5%&$-.#+#'*%':% 3'."3#@#*(%5-:-., %"+% ,/-%
)-"+1$-%':%-::#.#-*.48%W1$",#'*%"*5%-::'$,%"$-%':,-*%1+-5%2/-*%"++-++#*(%,/-%-::#.#-*.4%':%!!8%>/-%)-"+1$-%
':%-::'$,%5-&-*5+%'*%51$",#'*%#*%)"*4%+,15#-+?%6-."1+-%-::'$,%#+%-01"3%,'%5'163-%51$",#'*%#*%."+-%':%!!8%F*%
'1$%."+-%+,154?%,/-%51$",#'*%#+%,/-%,#)-%+&"*%,/",%5-:-.,%$-)"#*+%1*:#H-58%>/-%-::'$,%#+%,/-%"..1)13",-5%,#)-%
,/",%5-<-3'&-$+%+&-*,%'*%:#H#*(%-"./%5-:-.,8
F5?595 63$)%3&0.N&08,8$*
>/-%#*,-$*"3%<"3#5#,4%#+%,/-%<"3#5#,4%':%#*:-$-*.-+%"6'1,%2/-,/-$%'6+-$<-5%$-3",#'*+/#&%6-,2--*%,$-",)-*,%"*5%,/-%
'1,.')-%5'-+%*',%$-+13,%:$')%"%:".,'$%2-%/"<-%*'%.'*,$'3%'$%/"<-%*',%)-"+1$-5%cI'/3#*%-,%"38?%MZZZd8
9*-%':%,/-%./"33-*(-+%':%,/#+%$-+-"$./%#+%,'%)"&%5-:-.,+%2#,/%,/-%)-,/'5+%,/", %.'*,$#61,-%,'%-"./%&"$,#.13"$%
5-:-.,8%S<#5-*.-+%':%,/-%5-:-.,%3'."3#@",#'*%".,#<#,#-+%.'135%*',%6-%.'33-.,-5%64%"*%"1,')",-5%,''38%>/-%-<#5-*.-+%
2-$-%(-*-$",-5%64%"%,''3%,/",%*--5+%,'%6-%".,#<",-5%)"*1"334%2/-*%5-<-3'&-$+%+,"$,%2'$7#*(%'*%,/-%+&-.#:#.%
5-:-.,+8 %F: % ,/-%,''3% #+ %*', %".,#<",-5%,/-*%,/-%-<#5-*.-+ %2#33 %6-%)#++#*(8 %>/#+%."*%./"*(-%,/-%<"31-%':%+')-%
)-,$#.+?%#8-8?%,/-%*1)6-$%':%)-,/'5+%)'5#:#-5%,'%$-&"#$%,/-%.-$,"#*%5-:-.,8%
F*%,/#+%+,154?%2-%"$-%"63-%,'%)"&%OL%5-:-.,+%,'%,/-%5-:-.,%'$#(#*",#*(%)-,/'5+8%I-%"3+'%/"<-%,/-%#*:'$)",#'*%
"6'1,%)-,/'5+%,/",%2-$-%"..-++-5%2#,/'1,%)'5#:#.",#'*%51$#*(%5-:-.,%.'$$-.,#'*%,#)-%:$")-8%>/-+-%#*:'$)",#'*%
"$-%.'$$-+&'*5-5%:$')%,2'%5","%+'1$.-+? %!')'5'$'%"*5%<-$+#'*%.'*,$'3 %+4+,-)8%>/-$-:'$-%2-%.'*+#5-$% ,/#+%
#*:'$)",#'*%,'%6-%<"3#58
F5?5@5 QR$)%3&0.N&08,8$*
>/-%-H,-$*"3 %<"3#5#,4%#+%.'*.-$*-5%2#,/%(-*-$"3#@",#'*cI'/3#*%-,%"38? %MZZZd8%F: %,/-$-%#+%"%."+1"3 %$-3",#'*+/#&?%
2/-,/-$%'$%*',%,/-%$-+13,%."*%6-%(-*-$"3#@-5%'1,+#5-%,/-%+.'&-%':%'1,%+,1548%
F,%#+%2#5-34%7*'2*%,/",%,/-%-H,-$*"3%<"3#5#,4%':%#*51+,$#"3C6"+-5%+':,2"$-%-*(#*--$#*(%-H&-$#)-*,%#+%5-6","63-%
cY/133%-,%"38?%MZZTd8%X'2-<-$?%,/-%.'*+#5-$-5%-*<#$'*)-*,%#+%*',%+#(*#:#."*,34%5#::-$-*,%:$')%,/-%-*<#$'*)-*,%':%
+':,2"$-%-*(#*--$#*(%-H&-$#)-*,+%#*%3#,-$",1$-+?%"*5%"..'$5#*(%,'%cb"+#3#%-,%"38?%MZZGd%,/#+%-*+1$-+%"*%"..-&,"63-%
3-<-3%':%-H,-$*"3%<"3#5#,48%
!"(-%RG%
I5 2+3'07#8+3#.&3,.17%$A)%.J+%;N%."+-%+,154%2"+%.'*51.,-5% ,'%-<"31",-%"*%-::-., %':%&"#$%&$'($"))#*(%'*%01"3#,4%"*5%-::#.#-*.4%':%5-:-.,%
.'$$-.,#'*+8 %>/- % 5"," %2"+ % .'33-.,-5 % :$') %"* % "(#3- % +':,2"$- %5-<-3'&)-*, % &$'D-., % ", % " % 3"$(- %)"*1:".,1$#*(%
.')&"*48%>/-%5","%.'33-.,#'*%.'<-$+%"%&-$#'5%':%:'1$,--*%)'*,/+8%\')&"$-5%2#,/%-H#+,#*(%."+-%+,15#-+%'*%&"#$%
&$'($"))#*(? % ,/- %1+- %': % 3'*(%&-$#'5#."3 %5"," % #* % $-"3 % +':,2"$- %5-<-3'&)-*, %.'*,-H, %)"7-+ % ,/- % +,154%)'$-%
$-"3#+,#.8%!"#$%&$'($"))#*(%2"+%#*<-+,#(",-5%#*%,/-%.'*,-H,%':%5-:-.,%.'$$-.,#'*+%"*5%)"#*,-*"*.-%2'$78%
>/-%$-+13,%+/'2+%,/",%&"#$%&$'($"))#*(%+#(*#:#."*,34%$-51.-+%,/-%#*,$'51.,#'*%':%*-2%5-:-.,+%2/-*%,/-%+'1$.-%
.'5-%*--5+%,'%6-%)'5#:#-5%:'$%-*/"*.-)-*,+%'$%5-:-.,%.'$$-.,#'*+8%P-("$5#*(%-::#.#-*.4%':%5-:-.,%.'$$-.,#'*?%,/-%
"5'&,#'* % ': % &"#$ % &$'($"))#*( % 6-:'$-/"*5 % /-3&+ % ,' % $-51.- % ,/- % 51$",#'*% ,/", % 5-:-.,+ % $-)"#* % 1*:#H-58 % !"#$%
&$'($"))#*(%+#(*#:#."*,34 %#*.$-"+-+% -::'$, %$-01#$-5%:'$% 3'."3#@#*(%5-:-.,+8 %>/#+%-::-., %5'-+%*',%$-<-"3 % #*%,/-%
)-,/'5%3-<-3%61,%:'$%'<-$"33%)-,/'5+%"..-++-5%51$#*(%5-:-.,%3'."3#@",#'*8%
P-("$5#*(%,/-%-::'$,? % ,/-%$-+13, %$-<-"3+ %,/", %&"#$%&$'($"))#*(%5'-+%*',%#*.$-"+-%-::'$, %':%&-$:'$)#*(%5-:-.,%
.'$$-.,#'*+%'*%5-:-.,#<-%)-,/'5+8%>/#+%:#*5#*(%.'*,$"5#.,+%)'+,%':%,/-%-)&#$#."3%$-+13,+%'*%&"#$%&$'($"))#*(?%':%
2/#./%-::'$,%#+%(-*-$"334%+#(*#:#."*,34%#*.$-"+-%2/-*%&"#$%&$'($"))#*(%#+%1+-58
_1$,/-$%+,15#-+%'*%&"#$%&$'($"))#*(%+/'135%-H,-*5%,/-%+.'&-%':%,/-%&$-+-*,%+,154%#*%,2'%2"4+8%_#$+,?%'1$%$-+13,+%
+1((-+,%,/",%&"#$%&$'($"))#*(%/-3&+%,'%$-51.-%,/-%5-:-.,%5-*+#,48%X'2-<-$?%,/-%*1)6-$%':%5-:-.,+%,'%,/-%."+-%
+,154%2"+%$-3",#<-34%+)"338 %_1$,/-$ %."+-%+,154%+/'135%#*.315-%)'$-%*1)6-$%':%5-:-.,+8 %Y-.'*5?%,/-%"*"34+#+%
+/'135%,"7-%#*,'%"..'1*,%.'*:'1*5#*(%:".,'$+?%&$'($"))-$%-H&-$,#+-%"*5%.')&3-H#,4%':%,"+7+8%
!"(-%RT%
:8"08+<%&DA*
cN$#+/'3)%-,%"38?%MZZTd%%
N$#+/'3)?%S8?%U"33#+?%X8?%W46"?%>8?%"*5%F8e8%YD'6-$(?%W8%MZZT8%S<"31",#*(%!"#$%!$'($"))#*(%2#,/%,'%%%
Y4+,-)%\')&3-H#,4%"*5%!$'($"))-$%SH&-$,#+-8%I>>>$!1)*.8$20-/38$>*&8%OO?%M%]_-68%MZZT^?%GRCJG8%
cN6$"/")++'*%-,%"38?%MZZMd
N6$"/")++'*%!8?%Y"3'%98%?%P'*7"#*-*%k8%?%I"$+,"%k8?%N(#3-%+':,2"$-%5-<-3'&)-*,%)-,/'5+[%$-<#-2%"*5%
"*"34+#+?%p>>%>-./*#."3%$-&'$,?%MZZM8%
cb"+#3#?%ALLRd%%%
b"+#3#?%p8P8%ALLR%;N&&34#*(%,/-%U'"3nV1-+,#'*nQ-,$#.%!"$"5#()%#*%,/-%SH&-$#-*.-%:".,'$4=%#*%20-/3)1#$
$%..:1)*+#$)*9$,#).:1#7#*/J$%$K01(93'9#$6#1.6#+/'5#?%\/"&,-$%M?%&&%MAC%BB?%F*,-$*",#'*"3%>/')+'*%
\')&1,-$%!$-++
cb"+#3#%-,%"38?%MZZGd
b"+#3#%p8P8?%P')6"./%W8?%Y./*-#5-$%e8%MZZG%S)&#$#."3%Y':,2"$-%S*(#*--$#*(%F++1-+8%\$#,#."3%
N++-++)-*,%"*5%_1,1$-%W#$-.,#'*+[%F*,-$*",#'*"3%I'$7+/'&?%W"(+,1/3%\"+,3-?%U-$)"*4?%k1*-%MGCOZ?%
MZZG
cb-.7?%ALLLd%%
b-.7?%e8%ALLL$>C/1#7#$610&1)77'*&$#C)7'*#9J$>7<1)+#$+")*$N55#+'*%I-+3-4?%P-"5#*(%QN8
cb-(-3%"*5%f"("&&"*?%MZZJd%%%
b-(-3? %N8%"*5%f"("&&"*? %f8%MZZJ8%!"#$%&$'($"))#*([ %2/",E+ %#*%#, %:'$%)-g8%F* %=10+##9'*&.$0-$ /"# $
2#+0*9$%A,GI>>>$'*/#1*)/'0*)($2F760.':7$0*$>76'1'+)($20-/3)1#$>*&'*##1'*&$)*9$ $,#).:1#7#*/%
]e"#+-$+3"1,-$*?%U-$)"*4?%9.,'6-$%ZL%C%AZ?%MZZJ^8%SYSQ%EZJ8%N\Q?%f-2%j'$7?%fj?%AMZCAMJ8%
cb'-/)%"*5%b"+#3#?%MZZAd%%%
b'-/)?%b8%"*5%b"+#3#?%p8%P8%MZZA8%Y':,2"$-%W-:-.,%P-51.,#'*%>'&%AZ%`#+,8%A076:/#1%OB?%A%]k"*8%MZZA^?%
AORCAOT8
cb$''7+%"*5%_$-5-$#.7?%ALJTd%%%
b$''7+?%_8%!8%ALJT8%f'%Y#3<-$%b133-,%S++-*.-%"*5%N..#5-*,+%':%Y':,2"$-%S*(#*--$#*(8%A076:/#1%MZ?%B%
]N&$8%ALJT^?%AZCAL8%%
cb$''7+%"*5%_$-5-$#.7?%ALLRd%%%
b$''7+?%_8%!8%ALLR%!"#$,F/"'+)($,)*G,0*/"$L%**'5#1.)1F$>98M8%N55#+'*CI-+3-4%`'*()"*%!163#+/#*(%
\'8?%F*.8%
cb$#"*5%-,%"38?%ALLGd
b$#"*5%`8?%S)")%e8S8%"*5%Q'$"+."%Y8?%s9*%,/-%N&&3#.",#'*%':%Q-"+1$-)-*,%>/-'$4%,'%Y':,2"$-%
S*(#*--$#*(?s%S)&#$#."3%Y':,2"$-%S*(8[%N*%F*,E3%k8?%<'38%A?%*'8%A?%ALLG8%
c\"*:'$"%-,%"38?%MZZTd%%%
\"*:'$"?%U8?%\#)#,#3-?%N8?%U"$.#"?%_8?%!#",,#*#?%Q8?%"*5%p#+"((#'?%\8%N8%MZZT8%S<"31",#*(% &-$:'$)"*.-+%
':%&"#$%5-+#(*#*(%#*%#*51+,$48%N8$2F./8$20-/38%JZ?%J%]N1(8%MZZT^?%AOATCAOMT8%%%%%
c\/'*(%"*5%X1$361,,?%MZZTd%%%
\/'*(?%k8%"*5%X1$361,,?%>8%MZZT8%>/-%Y'.#"3%W4*")#.+%':%!"#$%!$'($"))#*(8%F*%=10+##9'*&.$0-$/"#$OP/"$
'*/#1*)/'0*)($A0*-#1#*+#$0*$20-/3)1#$>*&'*##1'*&%]Q"4%MZ%C%MG?%MZZT^8%F*,-$*",#'*"3%\'*:-$-*.-%'*%
Y':,2"$-%S*(#*--$#*(8%FSSS%\')&1,-$%Y'.#-,4?%I"+/#*(,'*?%W\?%ORBCOGO8%
!"(-%RJ%
c\')"*%-,%"38?%MZZJd%%%
\')"*?%F8W8?%Y#33#,,#?%N8?%"*5%Y1..#?%U8%sF*<-+,#(",#*(%,/-%h+-:13*-++%':%!"#$C!$'($"))#*(%#*%"%
Q",1$-%N(#3-%>-")s8%F*%=10+##9'*&$0-$/"#$P/"$I*/#1*)/'0*)($A0*-#1#*+#$0*$%&'(#$=10+#..#.$)*9$
#Q/1#7#$=10&1)77'*&$'*$20-/3)1#$>*&'*##1'*&$LQ=M?%&"(-+%AMTCAOG?%`#)-$#.7?%F$-3"*5%k1*-%AZCAB?%
MZZJ8%
cW46"%-,%"38?%MZZTd%%%
W46t?%>8?%N$#+/'3)?%S8?%YDu6-$(?%W8%F8?%X"**"4?%k8%S8?%"*5%Y/133?%_8%MZZT8%N$-%>2'%X-"5+%b-,,-$% ,/"*%
9*-g%9*%,/-%S::-.,#<-*-++%':%!"#$%!$'($"))#*(8%I>>>$20-/38%MB?%G%]f'<8%MZZT^?%AMCAR8%
c_$'*@"%-,%"38?%MZZLd%%%
_$'*@"?%F8?%Y#33#,,#?%N8?%"*5%Y1..#?%U8%MZZL8%N*%#*,-$&$-,",#'*%':%,/-%$-+13,+%':%,/-%"*"34+#+%':%&"#$%%
&$'($"))#*(%51$#*(%*'<#.-+%#*,-($",#'*%#*%"%,-")8%F*%=10+##9'*&.$0-$/"#$ORRP$S19$'*/#1*)/'0*)($
2F760.':7$0*$>76'1'+)($20-/3)1#$>*&'*##1'*&$)*9$,#).:1#7#*/%]9.,'6-$%AR%C%AG?%MZZL^8%SYSQ8%
FSSS%\')&1,-$%Y'.#-,4?% I"+/#*(,'*?%W\?%MMRCMOR8
cU"33#+%-,%"38?%MZZOd%%%
U"33#+?%X8?%N$#+/'3)?%S8?%"*5%W46t?%>8%MZZO8%N*%F*#,#"3%_$")-2'$7%:'$%P-+-"$./%'*%!"#$%!$'($"))#*(8%
F*%=10+##9'*&.$0-$/"#$ORRS$'*/#1*)/'0*)($2F760.':7$0*$>76'1'+)($20-/3)1#$>*&'*##1'*&%
]Y-&,-)6-$%OZ%C%9.,'6-$%ZA?%MZZO^8%F*,-$*",#'*"3%Y4)&'+#1)%'*%S)&#$#."3%Y':,2"$-%S*(#*--$#*(8%FSSS%
\')&1,-$%Y'.#-,4?%I"+/#*(,'*?%W\?%AOM8%
cX1377'%"*5%N6$"/")++'*?%MZZRd%%%
X1377'?%X8%"*5%N6$"/")++'*?%!8%MZZR8%N%)13,#&3-%."+-%+,154%'*%,/-%#)&".,%':%&"#$%&$'($"))#*(%'*%
&$'51.,%01"3#,48%F*%=10+##9'*&.$0-$/"#$OT/"$'*/#1*)/'0*)($A0*-#1#*+#$0*$20-/3)1#$>*&'*##1'*&%%]Y,8%
`'1#+?%Q9?%hYN?%Q"4%AR%C%MA?%MZZR^8%F\YS%EZR8%N\Q?%f-2%j'$7?%fj?%BLRC RZB8%
cQ.!/-$+'*?%MZZAd%%%
Q.!/-$+'*?%U8%MZZA%%66(F'*&$)*9$I*/#161#/'*&$2/)/'./'+.J$%$A0761#"#*.'5#$U:'9#%Y&$#*(-$Cp-$3"(?%%
f-2%j'$7
cQ'*,(')-$4%"*5%P1*(-$?%MZZGd%%
Q'*,(')-$4?%W8\8%?%P1*(-$?%U8\8%MZZG%%%66('#9$2/)/'./'+.$)*9$=10<)<'('/F$-01$>*&'*##1.%N:./$).;V?%
I#3-4
cY.',,'%-,%"38?%MZZGd
Y.',,'%Q8%?%Y#33#,,#%N8%?%Y1..#%U8%?%p-$*"@@"%>8%%MZZG%sN%f'*CF*<"+#<-%N&&$'"./%,'%!$'51.,%Q-,$#.+%
\'33-.,#'*s%N0:1*)($0-$2F./#7$%1+"'/#+/:1#.W%F9[GGJCGTR%
cY/133%-,%"38?%MZZTd
Y/133%_8?%Y#*(-$%k8?%YDu6-$(%W8F8%e8%%MZZT%U:'9#$/0$%95)*+#9$>76'1'+)($20-/3)1#$>*&'*##1'*&?%%Y&$#*(-$%
cY#33#,#%-,%"38?%MZZOd%%%
Y#33#,,#?%N8?%k"*-+?%N8?%Y1..#?%U8?%"*5%p-$*"@@"?%>8%MZZO8%\'33-.,#*(?%F*,-($",#*(%"*5%N*"34@#*(%Y':,2"$-%
Q-,$#.+%"*5%!-$+'*"3%Y':,2"$-%!$'.-++%W","8%F*%=10+##9'*&.$0-$/"#$OP/"$$A0*-#1#*+#$0*$>XB@,IAB@%
]Y-&,-)6-$%ZA%C%ZG?%MZZO^8%ShP9QF\P98%FSSS%\')&1,-$%Y'.#-,4?%I"+/#*(,'*?%W\?%OOG8%
cY1..#%-,%"38?%MZZMd
Y1..#%U8%?%!-5$4.@%I8%?%Q"$./-+#%Q8%?%"*5%I#33#")+%`8?%!$-3#)#*"$4%"*"34+#+%':%,/-%-::-.,+%':%&"#$%
&$'($"))#*(%'*%D'6%+",#+:".,#'*?%%&$-+-*,-5%",%a!%MZZM?%N3(/-$'?%Y"$5#*#"?%F,"34?%MZZM8
cY1..#%"*5%%Q"$./-+#?%MZZZd%%
Y1..#%U8%?%Q"$./-+#%Q8%%MZZZ%>C/1#7#$=10&1)77'*&$>C)7'*#9?%N55#+'*%I-+3-48%
cI'/3#*%-,%"38?%MZZZd%%%
I'/3#*?%\8?%P1*-+'*?%!8?%Xv+,?%Q8?%9/3++'*?%Q8%\8?%P-(*-33?%b8?%"*5%I-++3w*?%N8%MZZZ%
>C6#1'7#*/)/'0*$'*$20-/3)1#$>*&'*##1'*&J$)*$I*/109:+/'0*8%e312-$%N."5-)#.%!163#+/-$+8%
!"(-%RL%
cI#33#")+%"*5%e-++3-$?%MZZOd%%%
I#33#")+?%`8%"*5%e-++3-$?%P8%MZZM%=)'1$=10&1)77'*&$I((:7'*)/#98%N55#+'*CI-+3-4%`'*()"*%
!163#+/#*(%\'8?%F*.8%
cI#33#")+%-,%"38?%MZZZd%%%
I#33#")+?%`8?%e-++3-$?%P8%P8?%\1**#*(/")?%I8?%"*5%k-::$#-+?%P8%MZZZ8%Y,$-*(,/-*#*(%,/-% \"+-%:'$%!"#$%
!$'($"))#*(8%I>>>$20-/38%AT?%B%]k138%MZZZ^?%ALCMR8%
cI#33#")+%-,%"38?%MZZBd%%%
I#33#")+?%`8?%Y/173"?%N8?%"*5%N*,'*?%N8%F8%MZZB8%N*%F*#,#"3%SH&3'$",#'*%':%,/-%P-3",#'*+/#&%b-,2--*%
!"#$%!$'($"))#*(%"*5%b$''7+E%`"28%F*%=10+##9'*&.$0-$/"#$%&'(#$4#5#(067#*/$A0*-#1#*+#%]k1*-%MM%C%
MG?%MZZB^8%NW\8%FSSS%\')&1,-$%Y'.#-,4?%I"+/#*(,'*?%W\?%AACMZ8%
cI$"4?%MZAZd%%%
I$"4?%Y8%MZAZ8%X'2%!"#$%!$'($"))#*(%P-"334%I'$7+8%I>>>$20-/38%MT?%A%]k"*8%MZAZ^?%RZCRR8%
c_-*,'*%"*5%%!:3--(-$?%ALLJd
_-*,'*?%f8%S8%"*5%!:3--(-$?%Y8%`8%ALLJ%20-/3)1#$,#/1'+.J$)$B'&010:.$)*9$=1)+/'+)($%6610)+"8%M*58%
!IY%!163#+/#*(%\'8%
c\")&6-3%"*5%%Y,"*3-4?%ALGOd
\")&6-33?%W8%>8?%x%Y,"*3-4?%k8%\8%ALGO8%>C6#1'7#*/)($)*9$Y:).'C#C6#1'7#*/)($9#.'&*.$-01$1#.#)1+"8%
\/#."('%
cI#33#")+%"*5%e-++3-$%MZZZ"d
I#33#")+?%`8%N8%"*5%e-++3-$?%P8%P8%MZZZ8%N33%F%$-"334%*--5%,'%7*'2%"6'1,%&"#$%&$'($"))#*(%F%3-"$*-5%#*%
7#*5-$("$,-*8%A077:*8$%A,%BO?%R%]Q"48%MZZZ^?%AZJCAAB8%
cI#33#")+%"*5%e-++3-$%MZZZ6d
I#33#")+%`8%"*5%e-++3-$%P8P?%;>/-%S::-.,+%':%q!"#$C!$-++1$-o%"*5%q!"#$C`-"$*#*(o%'*%Y':,2"$-
S*(#*--$#*(%S51.",#'*=?%\'*:-$-*.-%':%Y':,2"$-%S*(#*--$#*(%S51.",#'*%"*5%>$"#*#*(%MZZZ
cQ"$./-+#%-,%"38?%MZZMd%%
Q"$./-+#%Q8%?%Y1..#?%U8?%I-33+%W8%?%I#33#")+%`8%%MZZM%>C/1#7#$=10&1)77'*&$=#1.6#+/'5#.?%N55#+'*%
I-+3-48%