<"=&(>$+?$(@$(A?.1$()?%,*
/(*(!"#"$%&'"$()*(+,%-.*(/'*0"12"'*5
BC"+*()+/,*'(5473D
G
E1$%$(A,*.F/(<?#$
H"%@$IJ*(K$&$(@/(L"?(M$+N*&$(/()OK8LP
!"#$%&'()*+)*')*,-./0'(*$'$1%23*&1%23*$(141%0"23*104)*$'('*5'61(*7.#*0"8")
9:.;2* <'(%'* 8'* =%&+'* >%/0"3* !"#"$%&'"$( )*( +,%-.*( /'*0"12"'*3* ?.("* >(10"3
@%$"A('5%'*81*=%&+'3*BCDEF
!"#$%&'(3*+)*'0)*G/%(*1#*.#*4"($"*+'(%'2*:1%23*$'$1%2*'+.&2"23*$(141%0"23
H.1*'/8'#*12$'(2"2*$"(*".0("23*5('A#1/0"2*'&71I"2J*+)*A)*4"#$%&'(*"2
!"/4%&%"23* '2* K%20"(%'2* 8'2* L%'A1/23* $'('* 5'61(* 4"($"2* 81* !"/4%&%"23
K%20"(%'2* A1('123* M4)* 9,/0"/%"* 81* <"('%2* =%&+'3* !"#"$%&'"$( )*( +,%-.*
3$'4.-.20*3*:%2N"'3*@%$"A('5%'*:'41(8%/'3*BCBD3*EO*18%PQ")F
?*"N-10%+"*81201*'(0%A"*R*4"#$(11/81(*'*$.N&%4'PQ"3*1#*BCDE3
8"*!"#"$%&'"$()*(+,%-.*((/'*0"12"'*3*1#*?.("*>(10")*?*21.*'.0"(*5"%*:.;2
<'(%'*8'*=%&+'*>%/0"3*H.1*1('*0'#NR#*"*8"/"*8'*@%$"A('5%'*81*=%&+')
>("$"#"2*8.'2*120('0RA%'2*$'('*'*%/+120%A'PQ")*,*$(%#1%('*4"/2%20%(S
1#*'/'&%2'(*"*$(T$(%"*8%4%"/S(%"3*4"#1/0'/8"*"*21.*0;0.&"3*"2*21.2
+1(N1012*1*'&A.#'2*".0('2*4'('401(;20%4'2)*,*21A./8'*120('0RA%'*21(S
12N"P'(* .#* 21/0%8"* #'%2* '#$&"3* (1&'4%"/'/8"* '* $.N&%4'PQ"* 8"
+"&.#1*'*'&A./2*$("N&1#'2*7%20T(%4"2*&%A'8"2*U*5"(#'PQ"*8"*V20'8"
%#$1(%'&3*U2*%8R%'2*81*/'4%"/'&%8'81*1*U*4.&0.('*$"&;0%4'3*1*'"*4"/-./0"
!"#$%$&'()*+,*(-./0+/'(12(34'(%2(5'(62(7789:'(3;;9
E1$%$(A,*.F/(<?#$
!"
81*$(S0%4'2*8'*124(%0'*/'2*$(%#1%('2*8R4'8'2*8"*2R4.&"*WXW3*'$"/0'/8"
12$14%'&#1/01* $'('* '* 4%(4.&'PQ"* 8'* $'&'+('* %#$(122'* 1* '2* 2.'2
%#$&%4'PY12*$'('*"2*4'#%/7"2*1*8124'#%/7"2*8'*5"(#'PQ"*81*.#'
&;/A.'*/'4%"/'&*/"*Z('2%&)
V201*'(0%A"*R*.#*8"2*(12.&0'8"2*8"*$("-10"*81*$12H.%2'*[V/0(1
"*0.$%*1*'*A1(%/A"/P'*&.2"\'5(%4'/'3*1%2*'*&;/A.'*N('2%&1%(']3*1#*H.1
$("4.('#"2*"&7'(*$'('*'2*%#'A1/2*2"N(1*'*&;/A.'*8"*Z('2%&*1*'2*&;/A.'2
/"*Z('2%&*1/H.'/0"*(1+1&'8"('2*81*1&'N"('PY12*1*$("N&1#'0%6'PY12
2"N(1*'*#120%P'A1#*/"*X#$R(%")*,2*01/2Y12*1*$("N&1#'2*'8+%/8"2*81
.#'*2"4%18'81*81*A('/81*8%+1(2%8'81*('4%'&*1*R0/%4'3**+%+1/8"*2"N*"
(1A%#1*#"/S(H.%4"\124('+%20'3*1+%81/4%'#*"2*4"/5&%0"2*1/0(1*./%8'81
1*8%+1(2%8'81*/'*4"/20(.PQ"*8'*%81/0%8'81*/'4%"/'&*/"*X#$R(%")*^1
41(0'*$1(2$140%+'3*12212*2Q"*"2*4"/5&%0"2*2"4%'%23*$"&;0%4"2*1*2%#NT&%4"2
8'*5"(#'PQ"*8"*V20'8"*%#$1(%'&*/"*Z('2%&)
^1/0(1*'2*'PY12*8"*V20'8"*2"N(1*'*!'2'3*21A.%/8"*'*4"/41%0.'PQ"
81* X&#'(* _"7&"55* 81* <'00"2* 1#* 2.'* '/S&%21* 2"N(1* '* 5"(#'PQ"* 8"
V20'8"3* '* 8%5.2Q"* 81* .#* [12$;(%0"* 81* '22"4%'PQ"]* 21(%'* 8'2* #'%2
%#$"(0'/0123*'0.'/8"*81*#"8"*15%4'6*1*8.('8".("3*/'*#18%8'*1#*H.1
$("4.('(%'* 4"/20(.%(* .#* 4"/21/2"* 1#* 0"(/"* 8'* 2.$"20'* ./%8'81
#"('&3*4.&0.('&*1*7%20T(%4'*8'*/'PQ")*?**#12#"*'.0"(*4%0'*.#*8"2
8%(%A1/012*2'H.'(1#'23*>'.&%/"*="'(12*81*=".6'3*H.1*21*$(1"4.$'+'
4"#*.#*[#"8"*A1('&*81*21/0%(]*9<'00"23*B`Ca3*$)*BbaF)*?*_"#'/0%2#"
1*0"8"*"*%/+120%#1/0"*/'*&%01('0.('*5'*0"12"'*6*/'*&;/A.'*5'*0"12"'*3*/'
7%20T(%'*7&4'"*3*/'*4%c/4%'*%*#"$%*13*'4(18%0'+'#*/'*4"/20(.PQ"*8'H.1&'
./%8'81)* d"* 1/0'/0"3* "2* "N20S4.&"2* 01%#'+'#* 1#* '$'(141(J
[#.&0%$&%4%8'81*8'2*('P'2]3*[$"+"*#124&'8"*1*7101("Ac/1"]3*[/'PQ"
4"#$"20'*81*('P'2*120('/7'2]3*['#S&A'#'*8"*2'/A.13*8'2*0('8%PY12*1
E
8'2*&;/A.'2] 3*4"/20%0.1#*'&A.#'2*1e$(122Y12*4"/01#$"(f/1'2*H.1
(1+1&'#* %/H.%10'PY12* H.'/0"* '"* 01#')* ,* H.120Q"* 21(%'* 4"#"3* /"
4'#$"* 2%#NT&%4"3* 4"/41N1(* 12212* 5('A#1/0"2* 1* 8%+%2Y12* 1#* .#'
./%8'81g
,*4"/41$PQ"*81*/'PQ"*/"*X#$R(%"*8"*Z('2%&*/Q"*"$1('+'*.#'
./%Q"* 8%(10'* 1/0(1* "2* 4%8'8Q"2)* ,"* 4"/0(S(%"3* '2* 8%51(1/P'2* 1('#
1/01/8%8'2*4"#"*/'0.('%2)*V221*$("-10"*%/01(("A'*1e'0'#1/01*81*H.1
5"(#'*'*4"/20(.PQ"*81*.#'*&;/A.'*/'4%"/'&*&%8".*4"#*'*8%+1(2%8'81)
!"#$%$&'()*+,*(-./0+/'(12(34'(%2(5'(62(7789:'(3;;9
<"=&(>$+?$(@$(A?.1$()?%,*(/(*(Q?R?*%S+?*(@/(<=%0"$(M+$&?./?+$222
!"#"*'*#12#'*516*5'41*U*$"&%221#%'*8'*#120%P'A1#g*h.'&*"*0('0'#1/0"
8%2$1/2'8"*'"2*[".0("2]*%/01(/"2*i*;/8%"23*'5(%4'/"23*124('+"2*i*/'
815%/%PQ"*81*.#'*%81/0%8'81*/'4%"/'&*H.1*0"#'+'*'*&;/A.'*4"#"*.#'
12$R4%1*81*/%/7"*'A(1A'8"(g*?2*&%#%012*01#$"('%2*8"*$("-10"*1201/81#\
21* 1/0(1* '2* 8R4'8'2* 81* BCDj* 1* BCaj3* 1* '&R#* 81* 8%+1(2"2* '(0%A"2
$.N&%4'8"2*1#*$1(%T8%4"23*#'/%5120"2*01T(%4"2*1*&%01('0.('*5%44%"/'&3
21&14%"/'#"2*4"#"*5"/012*8%4%"/S(%"2*1*+"4'N.&S(%"23*8';*"*1e'#1
8
"('*$("$"20"*8"*!"#"$%&'"$()*(+,%-.*(/'*0"12"'* )
kkk
:.;2*<'(%'*8'*=%&+'*>%/0"*/'241.*/'*$("+;/4%'*81*l"%S23*$"(
+"&0'*8'2*8R4'8'2*81*Baaj*".*BaCj3*1*5'&141.*1#*?.("*>(10"3*1#*BCm`)
Ve1(41.*&"/A'*4'((1%('*/'*N.("4('4%'*8"*V20'8"3*01/8"*2%8"*214(10S(%"
8"*A"+1(/"*$("+%/4%'&)*d'*2.'*N%"A('5%'3*1#N"('*8%2$"/7'#"2*81
$".4'2*%/5"(#'PY123*7S*0(c2*A('/812*8%(1PY12*H.1*+'&1*'*$1/'*8120'4'()
,*$(%#1%('*5"%*'*1&'N"('PQ"*81*#'$'2*120'0;20%4"2*$"$.&'4%"/'%23*1#
#"#1/0"2*8%20%/0"23*01/8"*2%8"*/"#1'8"*8%(10"(*8"*!1/2"*1#*BCbE)
?.0('*S(1'*1#*H.1*'0.".*5"%*'*%/20(.PQ"*$nN&%4'J*1/0(1*BCbm*1*BCba3
o
5"%*+%41\8%(10"(*A1('&*8'*X/20(.PQ"*>nN&%4' *1*8%(10"(*8"*Bp*!;(4.&"
:%01(S(%"*1*8"*:%41.*<%/1%("3*H.'/8"*01(%'*4"#$"20"*.#*>&'/"*81
(15"(#'*8"*1/2%/"*1#*<%/'2*l1('%2)*V*'*01(41%('*8%(1PQ"*H.1*$"81*21(
%/8%4'8'* 5"%* '* 2.'* '0.'PQ"* /'* %#$(1/2')* V#* BCEE* 5"%* /"#1'8"
'8#%/%20('8"(* 8'* @%$"A('5%'* d'4%"/'&* /'* 2.'* $("+;/4%'* \* U2* +1612
812%A/'8'* 4"#"* @%$"A('5%'* >("+%/4%'&* \3* H.1* $.N&%4'+'* %#$(122"2
$'('*(1$'(0%PY12*$nN&%4'2*1*$'(0%4.&'(12)*V&'N"(".3*/"*#12#"*'/"3
.#'* $("$"20'* $'('* '* '8#%/%20('PQ"* 8120'* 0%$"A('5%'* H.13* 1#N"('
2.4%/0'3*4"/20%0.%*.#*8"4.#1/0"*%/01(122'/01*$'('*$1/2'(*'&A.#'2
4"/8%PY12* 8'* $("8.PQ"* 0%$"A(S5%4'9( =1A./8"* @'(Hq;/%"* ?&%+1%('3
=%&+'*>%/0"*01(%'*2%8"*(12$"/2S+1&*$1&"2*-"(/'%2*:(#$;7"1*)$'(;"%2"'$3*:
<$;7*%=2"'$( )$( <$%021=$3* !"&'"$( )$( <$%021=$( )$( >$?2'%$6* 1* :( 3*4'"$4*
@"%2"'$9(d"*1/0'/0"3*81*'4"(8"*4"#*"*'41(+"*8'*Z%N&%"014'*d'4%"/'&3
"2*0(c2*$(%#1%("2*-"(/'%2*5"('#*$("8.6%8"2*$1&'*?5%4%/'*>'0(;4%'*81
Z'(N"2'*1*!"#$'/7%'3*21/8"*H.1**/Q"*1/4"/0(1%*/1/7.#'*#1/PQ"*'
.#'* $"22;+1&* (1&'PQ"* 1/0(1* =%&+'* >%/0"* 1* 120'* 0%$"A('5%'3* '* H.'&* R
!"#$%$&'()*+,*(-./0+/'(12(34'(%2(5'(62(7789:'(3;;9
!#
E1$%$(A,*.F/(<?#$
!$
N'20'/01*4"/714%8'*$1&'*7%20"(%"A('5%'*1*H.13*'&%S23*0%/7'*0"8"*"*21.
#'H.%/S(%"*$("8.6%8"*&"4'&#1/01)*r"2R*>18("*W'+%1(*8'*L1%A'*2.A1(1
H.1*"*1H.%$'#1/0"*8'H.1&'*@%$"A('5%'*>("+%/4%'&*9".*d'4%"/'&F*01(%'
$'22'8"*$'('*'*$("$(%18'81*81*=%&+'*>%/0"3*0"(/'/8"\21*"*/n4&1"*8'
@%$"A('5%'*81*=%&+'3*1#N"('*/Q"*4"/2%A'*$(14%2'(*'*8'0'*1#*H.1*%22"
01(%'* "4"((%8"* 9L1%A'3* BC`C3* $)* Bj\EjF)* >12H.%2'/8"* 1#* 8%51(1/012
'41(+"2* 8"* _%"* 81* r'/1%("* 1* ?.("* >(10"3* 4"/21A.%#"2* &"4'&%6'(
$.N&%4'PY12*8'*@%$"A('5%'*81*=%&+'*H.1*8'0'#*'*$'(0%(*81*BCEC3*H.1
b
21(Q"*4"#1/0'8'2*'8%'/01 )
V2212* 2Q"* $("+'+1&#1/01* "2* $(%#1%("2* &%+("2* %#$(122"2* 1#
<%/'2*l1('%23*21/8"*"*+"&.#1*1#*5"4"*"*$(%#1%("*8%4%"/S(%"*$.N&%4'8"
1#*01(('2*N('2%&1%('2)*:.;2*<'(%'*8'*=%&+'*>%/0"3*#'%2*8"*H.1*'.0"(3
21(%'*.#'*#%20.('*81*'.0"(*1*0%$TA('5")
?*0;0.&"*81221*8%4%"/S(%"*41(0'#1/01*47'#'*'*'01/PQ"*81*H.1#
21* 81$'('* 4"#* 1&1)* ,5%/'&3* 81* H.1* 0('0'(%'g* s* $(14%2"* "&7'(* $'('* '
151(+1241/01*4.&0.('*$"&;0%4'*8"*Z('2%&*8"*$1(;"8"*(1A1/4%'&*9BCDB\
BCojF)* ,* 'N8%4'PQ"* 81* ^)* >18("* X3* '* %/20'&'PQ"* 81* .#* A"+1(/"
(1A1/4%'&3*'2*8%24.22Y12*1#*0"(/"*8'2*(15"(#'2*&%N1('%23*"2*8%51(1/012
#"+%#1/0"2* 2"4%'%2* 12$'&7'8"2* $1&"* X#$R(%"* 5"('#* 51/t#1/"2
N'/7'8"2* 1#* %/01/2'* 8%2$.0'* 2"N(1* '* %81/0%8'81* 1* '* 4%8'8'/%')
>'%eY12* 1* 51(+"(12* '4"#$'/7'+'#* '2* $'&'+('2* [N('2%&1%("]* 1
[$"(0.A.c2])*d'8'*$'(14%'*/1.0(")*X/2.&0"23*e%/A'#1/0"23*N('+'0'2
1('#* 4"((%H.1%("2* /'2* (.'23* H.'(0R%23* 01'0("2* 1* /"* 5'(0"* #'01(%'&
%#$(122"*H.1*4%(4.&'+'*/'*!"(01*1*/'2*$("+;/4%'2)**!"#"*'0(%N.%(*'"
8%4%"/S(%"*"*0;0.&"*81*&;/A.'*$"(0.A.12'*21*"*$"(0.A.c2*1('*"*#'("0"3
$R*81*47.#N"3*'N2"&.0%20'3*%/%#%A"*4"#*H.1#*21*8%2$.0'+'#*4'(A"2
$nN&%4"2* 1* 814%2Y12* 2"N(1* "* (.#"* 8'* $"&;0%4'g* ,* /'4%"/'&%8'813
5"(-'8'*81*5"(#'*N'20'/01*$'(0%4.&'(3*1('*1/01/8%8'*4"#"*%/21$'(S+1&
8'* 4%8'8'/%'* 1* 8'2* &.0'2* $"&;0%4'2)* * <'%2* 8"* H.1* .#* #"+%#1/0"
'/0%&.2%0'/"3*'*4.&0.('*$"&;0%4'*8'*R$"4'*1201+1*#'(4'8'*$"(*.#*-"A"
1/0(1*%81/0%8'812*4"/20(.;8'23*H.1*81.*&.A'(*'*.#*'/%#'8"*81N'01
2"N(1*'2*%81/0%8'812*('4%'%2*1*81*4"(*9:%#'3*EjjDF)
^.('/01*"*$1(;"8"*(1A1/4%'&3*'*$'&'+('*[N('2%&1%("]*/Q"*0('8.6%'
.#* 21/0%8"* $'4%5%4'8"3* '$12'(* 81* 2.'* $("&%51('PQ"3* 01/8"* 2%8"
'$("$(%'8'*$"(*8%51(1/012*A(.$"2*2"4%'%2*1*$("-10"2*$"&;0%4"2*8%+1(2"2)
!"#$%$&'()*+,*(-./0+/'(12(34'(%2(5'(62(7789:'(3;;9
<"=&(>$+?$(@$(A?.1$()?%,*(/(*(Q?R?*%S+?*(@/(<=%0"$(M+$&?./?+$222
>'('*"2*4"/01#$"(f/1"23*'*1e$(122Q"*[&;/A.'*N('2%&1%(']*/Q"*0('(%'
.#*21/0%8"*4&'("*".*12$"/0f/1")*,*#1&7"(*$("+'*8%22"*R*'*/14122%8'81
H.1*01+1*"*'.0"(*81*1e$&%4'(*"*0;0.&"3*01/0'/8"*8125'61(*.#*1H.;+"4"
/"* #"#1/0"* 1#* H.1* 5"%* '/./4%'8"3* H.1* &1+".* '* $1/2'(* H.1* "
8%4%"/S(%"*0('0'(%'*8'*&;/A.'*8"2*;/8%"2)*,&%S23*"*0;0.&"*8"*+"&.#1*+'%
4"/0%/.'(*$("+"4'/8"*1H.;+"4"2*'"*&"/A"*8'2*8R4'8'2*21A.%/012)
?*H.1*#"+1.*=%&+'*>%/0"*'*122'*1#$(1%0'8'*5"%*'*[('(%8'81*8"
m
^%4%"/S(%"*8"*/"22"*%8%"#'] )*d"*>(T&"A"3*(151(1\21*U*1e%20c/4%'*81
".0("2*8%4%"/S(%"23*N1#*4"#"*'*8%51(1/012*18%PY12*8"*!"#"$%&'"$()*
+,%-.*(3$'4.-.20**8"*[5&.#%/1/21]*,/0t/%"*81*<"('%2*=%&+'3*#'2*H.1
/Q"* (12"&+1(%'#* '* A('/81* $1/n(%'* 812212* +"&.#123* * 4"/2%81('8"2
'.e%&%'(12* 8'* l('#S0%4'* 1* 8'* ?(0"A('5%')* V#* BCE`* 1&1* &'/P".* '
$("$"20'* 81* 2.N24(%PQ"3* $("4.('/8"* 4'$0'(* (14.(2"2* $(R+%"23
$("#101/8"* 1e1#$&'(12* '"2* '22%/'/012* H.'/8"* '* 18%PQ"* 5%4'221
$("/0'3* 4"#"* 1('* 4"#.#* /'* R$"4')* ,%/8'* 21A./8"* "* '.0"(3* '
$("$"20'*5"%*N1#*1*$("/0'#1/01*'4"&7%8'3*1#*8%51(1/012*$("+;/4%'2
8"*X#$R(%")*V&1*4"#$(".*"*$'$1&*/14122S(%"3*#'2*&"A"*21*81.*4"/0'
81*H.13*8%20(%N.;8"2*"2*1e1#$&'(123*H.'21*/'8'*(120'(%'*$'('*4"#$1/2'(
"*21.*$(T$(%"*0('N'&7")*@('N'&7"*1221*[S(8."]*1*[&"/A"]3*$"%2
[9uF* 4.#$(%'* 4"/2.&0'(* 0"8"2* "2* L"4'N.&S(%"2* '"* '&4'/413* $'('* 4"#
151%0"*8'(*"*8'*:;/A.'*Z('2%&1%('v*%20"*R3*4"#$(11/2%+"*8'2*$'&'+('2*1*5('212
1/0(1*/T2*A1('&#1/01*'8"0'8'23*1*/Q"*2"#1/01*8'H.1&'2*H.1*$("51(1#*"2
w/8%"23*4"#"*21*$(12.#%(')]
,* 1e$(122Q"* &;/A.'* N('2%&1%('3* '22%#3* R* 1e$&%4'8'* /Q"* 1#
4"/0('$"2%PQ"*U*&;/A.'*$"(0.A.12'3*#'2*U*&;/A.'*)$0(,%)"$0)*V201*21(%'3
$"(0'/0"3*"*21/0%8"*4"((%H.1%("*1*12$"/0f/1"*8'*%8R%'*81*.#'*&;/A.'
a
N('2%&1%('3* 1e$(122Q"* 81* H.'&H.1(* 5"(#'* $".4"* .2.'& )* V#* BCmj3
r"'H.%#*d"(N1(0"*'%/8'*$(14%2'+'*5'61(*'*#12#'*(122'&+'*'"*8151/81(
120'*[&;/A.'*N('2%&1%(']3*8%61/8"*4&'('#1/01*/Q"*21*0('0'(*8'*&;/A.'
C
[N('2;&%4']*".*[A.'('/%/'] )*?*0(147"*4%0'8"*'N'%e"*+'&1*'%/8'*4"#"
%/8;4%"*8'*4%(4.&'PQ"*8'*"N('*81*=%&+'*>%/0")
!"#$%$&'()*+,*(-./0+/'(12(34'(%2(5'(62(7789:'(3;;9
!%
E1$%$(A,*.F/(<?#$
!&
[:"A"3* R* 5S4%&* 81#"/20('(* H.1* 01#"2* .#'* &;/A.'* 1#* H.1* 81+1#"2
124(1+1(*81*$(151(c/4%'*'*0"8'2*'2*1e%201/0123*1#N"('*/"2*5"221*&1A'8'
$1&"2*4"/H.%20'8"(12*$"(0.A.1212v*/1#*+1-"*"N20S4.&"*".*%#$("$(%18'81
'&A.#'*1#*47'#S\&'*N('2%&1%(')*@"#'(\21\S*21#$(13*/Q"*7S*8n+%8'3*$"(
&;/A.'*$"(0.A.12'3*#'2*#"8%5%4'8'*1#*2.'*;/8"&1*$1&'*%/5&.c/4%'*8"*4&%#'
1*8"*4'(S01(*8"2*/'4%"/'%2*1*1/(%H.14%8'*$1&'*%/0("8.PQ"*81*A('/81*4T$%'
81* +"4SN.&"2* H.1* 2Q"* $14.&%'(123* 1* H.1* 21#* 1&12* /Q"* /"2* 2'N1(;'#"2
1e$(%#%(*'*(12$1%0"*81*#.%0'2*4"%2'23*"2*H.'%2*/Q"*2T*$'22'('#*U2*&;/A.'2
8'*V.("$'3*4"#"*U*&%/A.'A1#*4%1/0;5%4')*rS*2"N*122'2*+%20'2*81('#*U*&.6*"2
$(1&"2*81*?.("*>(10"*.#*!"#"$%A'"$()*(1B%-.*(5'*0"12"'*3*4.-'2*$'&'+('2*2Q"
'2*H.1*5'&'#"23*$"%2*$"(*&;/A.'*N('2%&1%('*21*/Q"*$"81*0"#'(*'*&;/A.'
`
$(%#%0%+'*81*/"22"2*%/8;A1/'23*C.2(D&(%E$*R*&;/A.'*+1(/S4.&'*8"*Z('2%&] )
V22'*'0%0.81*(1+1&'+'*"*-"A"*("#f/0%4"*/'*$"&c#%4'*'41(4'*8'
[&;/A.'*N('2%&1%(']3*1/0(1*'*8%51(1/P'*1*4"/0%/.%8'81*4"#*>"(0.A'&3*1
'*7%1('(H.%6'PQ"*8'2*#'(4'2*%/01(/'2*H.1*4"/5"(#'(%'#*120'*8%51(1/P'
9:%#'3*EjjDv*=q221x%/83*B``o*1*@(".4713*2)8)F)*<'2*"*4"/01e0"*81
BCDE*R*.#*0'/0"*8%20%/0"*81221*-"A"*("#f/0%4"*81*#1'8"2*8"*2R4.&"3
#"#1/0"*81*41(0'*$'4%5%4'PQ"*8'*$'&'+('*N('2%&1%(")*>"(*%22"3*&1+'/8"
1#*4"/0'*'2*1e$140'0%+'2*8'*R$"4'3*"2*$(T$(%"2*01(#"2*1#*H.1*21
8'+'#*'2*8%2$.0'2*$"&;0%4'23**'$'(141*'*1e$&%4'PQ"*#'%2*$&'.2;+1&*1
2"4%'&#1/01*2%A/%5%4'0%+'*$'('*"*0;0.&"*81*BCDE)*@('0'+'\21*#'%2*81
1+%0'(*"*.2"*81*.#*H.'&%5%4'0%+"*%#$(T$(%"*/'H.1&1*#"#1/0"3*8"*H.1
81* '8+"A'(* 81* 5"(#'* 4"/24%1/01* 1* '(A.#1/0'8'* $"(* .#'* 4%2Q"
%8%"#S0%4')*,"*4"/0(S(%"3**=%&+'*>%/0"*/Q"*H.%2*$"&1#%6'(3*1*/1#*21
818%4".*'*.#'*01"(%6'PQ"*$("5./8'*2"N(1*.#'*%81/0%8'81*%/0(;/214'
8122'2* [$'&'+('2* 1* 5('212* 1/0(1* /T2* A1('&#1/01* '8"0'8'2])* V20'
"N21(+'PQ"*/Q"*R*$'('*'$(121/0'(*.#'*[5'&7']*/'*2.'*"N('3*#'2*$'('
$("4.('(3* $"2%0%+'#1/013* H.'&* "* 21.* $(T$(%"* 21/0%8")* >'0(%"0%2#"
7'+%'3* 2%#3* #'2* 81+1* 21(* 4"#$(11/8%8"* /"2* $(T$(%"2* 01(#"2* 8'
R$"4'3*21#*$("-10'(*&S*'&A"*$"201(%"()
>"22;+1%2*1(("23*5'&7'23*1H.;+"4"2*/'2*5"/0123*/Q"*#1(141#*21(
812$1(8%P'8"23*$"81/8"*21(+%(*81*#'0R(%'\$(%#'*$'('*"*7%20"(%'8"(3
H.'21*21#$(1*4'(1/01*81*%/5"(#'PY12*1*(1A%20("2*#'%2*$(14%2"2)*y2
+1612*$"81*+'&1(*'*$1/'*".+%(*"*^()*z(1.8*1*$(120'(*'01/PQ"*/"2*['0"2
5'&7"2]* 8"2* 2.-1%0"2* $'22'8"2* H.1* $("4.('#"2* 4"#$(11/81()
=%A/%5%4'8"2*4"&10%+"2*$"81#*'$'(141(*';)*X/"4c/4%"*=%&+'3*818%4'8"
!"#$%$&'()*+,*(-./0+/'(12(34'(%2(5'(62(7789:'(3;;9
<"=&(>$+?$(@$(A?.1$()?%,*(/(*(Q?R?*%S+?*(@/(<=%0"$(M+$&?./?+$222
'*4"#$%&'(*%/5"(#'PY12*N%N&%"A(S5%4'23*1#*BCmj3*(151(%'\21*'"*+"&.#1
4"#"*^%4%"/S(%"*8'*:;/A.'*Z('2;&%4')*V#*18%PQ"*2.$&1#1/0'(*$("4.(".
i*1#*+Q"*i*4"((%A%(*"*1H.;+"4"*2"N(1*=%&+'*>%/0"J
[>'(141*H.1*120'N1&141.*$'('*'2*2.'2*18%PY12*.#'*0%$"A('5%'3*1*1/0(1*'2
"N('2*H.1*%#$(%#%.3*2"N*'*2.'*8%(1PQ"3*5%A.('*.#*^%4%"/S(%"*8'*:;/A.'
>"(0.A.12'3*1*$"(*%22"*-.&A"*H.1*7".+1*1H.;+"4"*1#*%/8%4'(*2"N*"*/n#1("
mo`*.#*^%4%"/S(%"*8'*:;/A.'*Z('2;&%4')]9=%&+'3*BCmj3*$)*DjD*1*BC`D3*$)*omF)
V#*$.N&%4'PQ"*8"*XKlZ*$1(2%201*'*812%A/'PQ"*81*^%4%"/S(%"*8'
Bj
:;/A.'*>"(0.A.12'*$'('*'*"N('*81*:.;2*<'(%'*8'*=%&+'*>%/0" )*^1+1(%'
21(*#12#"*8%5;4%&*'22.#%(*1221*0;0.&"3**0'&+16*$1&'*$(T$(%'*8%22"/f/4%'
1*812'4"(8"*H.'/0"*'"*H.1*21(%'*"*21/0%8"*#'%2*12$"/0'/1'#1/01
'22"4%'8"3*81*&;/A.'*N('2;&%4'3*%/8;A1/')**@'#NR#*R*4.(%"2'*'*5('21
4"#*H.1*='4('#1/0"*Z&'x13*1H.%+"4'8"*0'#NR#*H.'/0"*'"*&"4'&*81
$.N&%4'PQ"3*#1/4%"/'*"*+"&.#1J
[^%4%"/S(%"*8'*&;/A.'*N('2;&%4')*_%"*81*r'/1%("u*d./4'*+%*120'*"N(')]
9Z&'x13*BC`D\B`jE3*$)*oDbF)
!1#*'/"2*81$"%23*1#*B`Db3*7".+1*.#'*%/01(122'/01*$"&c#%4'
1#*H.1*21*$("$t2*/'*!f#'('*<./%4%$'&*8"*_%"*81*r'/1%("*H.1*0"8"2
"2*4"#$c/8%"23*#'/.'%23*A('#S0%4'2*'*21(1#*.0%&%6'8"2*/'2*124"&'23
$.N&%4'8"2* '* $'(0%(* 8'H.1&1* #"#1/0"3* 81+1(%'#* "N(%A'0"(%'#1/01
'$(121/0'(*/"*0;0.&"*[&;/A.'*N('2%&1%('])*,*&1%*5"%*'$("+'8'3*#'2*/Q"
5"%*4.#$(%8')*d"*#12#"*'/"3*'*%8R%'*5"%*(118%0'8'*1#*f#N%0"*5181('&3
#'2*"*$("-10"*'4'N".*'N"(0'8"*$1&'*%/20'&'PQ"*8"*V20'8"*d"+"*1#
B`Da*9^%'23*EjjBF)*,*H.120Q"*8"*/"#1*8'*&;/A.'*+1#*21/8"*0('0'8'
$"(*.#'*2R(%1*81*$12H.%2'8"(12*8'*S(1'*81*7%20T(%'*8'2*%8R%'2*&%/Aq;20%4'2
9<'(%'/%*1*=".6'3*B``o3*?(&'/8%3*EjjB3*d./123*EjjBF3*'(0%4.&'8'*4"#
&1+'/0'#1/0"2*1*'/S&%212*2"N(1*"2*$1(4.(2"2*8"*$"(0.A.c2*/"*Z('2%&)
d'2*$(%#1%('2*8R4'8'2*8"*WXW3*'*H.120Q"*81*4"#"*/"#1'(*'
&;/A.'*'$'(141.*/"2*81N'012*&1A%2&'0%+"23*'$'(141/8"*1/0Q"*'*"$PQ"
[&%/A.'A1#* N('2%&1%(']3* /'* #1/PQ"* U* (18'PQ"* 8"2* 8%$&"#'2* 1#
<18%4%/'3* .#* 8"2* 4.(2"2* 2.$1(%"(12* 1/0Q"* 4(%'8"2)* r"2R* K"/T(%"
_"8(%A.123* '/'&%2'/8"* "2* 81N'012* /'* ,221#N&R%'* !"/20%0.%/01* 81
!"#$%$&'()*+,*(-./0+/'(12(34'(%2(5'(62(7789:'(3;;9
!'
E1$%$(A,*.F/(<?#$
"(
BCED3**'$"/0".*$'('*'&A"*%/R8%0"J*[V('*'*$(%#1%('*+16*H.1*N('2%&1%("2
81* 0"8'* $'(01* 5'&'+'#* '* 2.'* $(T$(%'* &;/A.'* ./2* '"2* ".0("2* 1#
'221#N&R%'*$nN&%4')*G/2*$".4"2*81+%'#*01(*/"0'8"*'2*8%51(1/P'2*81
$("2T8%')]*9_"8(%A.123*B`ao3*$)*Eaa)F
?.0("2*1e1#$&"2*81*#'/%5120'PY12*2"N(1*'*/'0.(16'*8'*&;/A.'
/'2*$(%#1%('2*8R4'8'2*8"*2R4.&"*WXW*+%1('#*8"*L%24"/81*8'*>18('
Z('/4'*i*H.1*4"/0(%N.%.*4"#*.#*$1H.1/"*A&"22S(%"*4"#*$'&'+('2*H.1
#.8'('#*81*2%A/%5%4'PQ"*/"*Z('2%&*9$"(*1e1#$&"3*47'4"0'3*H.1*81
4'/PQ"*&%41/4%"2'3*$'22".*'*6"#N'(%'F*1*4"#*$'&'+('2*8124"/714%8'2
1#* >"(0.A'&* 94"#"* 4'P.&'3* #'/8%/A'3* #.e"e"3* #./714'F* $'('* "
F41*0(G4%$-'&H"#$()$(>1$5$6(81*,8(%1/*Z'&N%*i*1*81*r"2R*Z"/%5S4%"3*H.1
/'*&%/A.'A1#*$"R0%4'*'8+"A'+'*"*8%(1%0"*N('2%&1%("*81*4(%'(*/1"&"A%2#"2
4.&0"2*9>%/0"3*B`aC3*$)*b\BBF)
?2*"%0.14$0(";7'200$06('$'%e"/'8'2*N(%A'2*/'*%#$(1/2'*8'*R$"4'*8'
X/81$1/8c/4%'*9:.20"2'3*Ejj3*$)*EC\DaF3*%A.'&#1/01*1+%81/4%'('#*'
H.120Q"*8'*&;/A.'*0'/0"*/'2*8%2$.0'2*2"N(1*'*/'4%"/'&%8'813*4"#"*$"(
1e1#$&"3*/'2*4(;0%4'2*51%0'2*'"*120%&"*8"*(18'0"(*8"*@*#*#$(/'*0"12"'$3
13* 81* 5"(#'* #1/"2* $"&c#%4'* 1* #'%2* &%A'8'* U* 4"/20%0.%PQ"* 81* .#'
1251('*$nN&%4'*81*2"4%'N%&%8'813*/'*5"(#'PQ"*81*.#'*"$%/%Q"*$nN&%4'3
$("4122"2*1#*H.1*'*%#$(1/2'*5"%*'A1/01*$(%/4%$'&)*,22%#3*'*%#$(1/2'
4"#"* 5"/01* 81* %&.20('PQ"* 1* %/20(.PQ"3* 4"#"* #1%"* $'('* 5"(#'(
$"&%0%4'#1/01* "* 4%8'8Q"3* 1('* '$(121/0'8'* 4"#"* 4'$'6* 81* 2.$(%(* '
4'(c/4%'*81*&%+("2*[1#*&%/A.'A1#*/'4%"/'&])
,"*&"/A"*8"*2R4.&"*WXW3*'"*#1/"2*'0R*'*8R4'8'*81*BCaj*H.'/8"
7".+1*.#'*%/5&1eQ"*/'*$("8.PQ"*%/01&140.'&*1*/"*4"/01e0"*7%20T(%4"\
2"4%'&*1#*8%51(1/012*8"4.#1/0"2*\*81281*(1&'0T(%"2*#%/%201(%'%23*$"(
1e1#$&"3* '* '/n/4%"2* 81* -"(/'&* H.1* (1+1&'#* (1$(121/0'PY12* #'%2
'/t/%#'2* 2"N(1* '* &;/A.'* \3* 1/4"/0('\21* .#'* '&01(/f/4%'* 1/0(1* "2
01(#"2*&;/A.'*$"(0.A.12'*1*&;/A.'*".*%8%"#'*/'4%"/'&)*,*81512'*81
r"'H.%#*d"(N1(0"3*r"2R*81*,&1/4'(*1*".0("2*2"N(1*'*[&;/A.'*N('2%&1%(']
A1(".*#.%0'2*4"/21Hqc/4%'23*#'2*/Q"*'*81*5%(#'(*122'*1e$(122Q")*?
81N'01*H.1*'4"/0141.*#'%2*0'(813*/'*0('/2%PQ"*1/0(1*"2*2R4.&"2*WXW
1* WW3* /Q"* A%(".* 1#* 0"(/"* 8122'* 1e$(122Q"3* 1* 2%#* 81* [8%'&10"
N('2%&1%("]3* 4"#"* $"81* 21(* '4"#$'/7'8"* 1#* '(0%A"2* 8'* _1+%20'
Z('2%&1%('*9BCa`\BCCBF)
!"#$%$&'()*+,*(-./0+/'(12(34'(%2(5'(62(7789:'(3;;9
<"=&(>$+?$(@$(A?.1$()?%,*(/(*(Q?R?*%S+?*(@/(<=%0"$(M+$&?./?+$222
,&R#*8"*8%4%"/S(%"*81*=%&+'*>%/0"3*7'+1(%'*.#*21A./8"*1/%A#'
H.1*+'&1(%'*'*$1/'*%/+120%A'(3*H.1*R*'*2.A120Q"*81*H.1*1&1*01(%'*124(%0"
.#'*>'*;&4"#*(/'*0"12"'*($.(F'42()2(I*1*'6(#$%H$';2(*0('2-'*0()2(@*%.21
/$'-20(<*'%2"'$3*81*BCoa)*d'8'*1/4"/0(1%*'%/8'3*'&R#*8'*#1/PQ"*/"
01e0"*81*'$(121/0'PQ"*8'*18%PQ"*5'4\2%#%&'(*8"*!"#"$%&'"$()*(+,%-.*
/'*0"12"'*3* 21/8"* H.1* (1$%0"* 'H.%* '2* $'&'+('2* 81* ='4('#1/0"* Z&'x1J
BB
[/./4'* +%* 120'* "N('] )* ="N(1* '* 21A./8'* $'(01* 8"* 21.* 0;0.&"3* R
%#$"(0'/01* 124&'(141(* H.1* <'/.1&* Z"(A12* !'(/1%("* 5"%* .#* '.0"(
BE
$"(0.A.c2 )
kkk
=%&+'*>%/0"*'N(%.*#Q"*8"*$&'/"*"(%A%/'&3*H.1*21(%'*-.20'#1/01
8%2$1/8%"2"*1#*1e4122"3*1*516*.#*[^%4%"/S(%"*$"(0S0%&]J*.#*+"&.#1
81*$1H.1/'*8%#1/2Q"3*4"#*EB*41/0;#10("2*81*'&0.('*1*bCj*$SA%/'23
41(0'#1/01*#.%0"*#'%2*[$"(0S0%&]*H.1*"2*+"&.#12*8"*<"('%2*9'*18%PQ"
81* BCBD* 4"/2%201* 81* 8"%2* $12'8"2* 0"#"2F)* ,/012* 81* #'%2* /'8'3* '
$("$"20'* $'(14%'* 21(* 81* .#* +"&.#1* H.1* 81+1(%'* 4%(4.&'(3* N1#
#'/.21S+1&3*N'('0"3*H.1*471A'(%'*5'4%&#1/01*U2*124"&'2*1*'"2*'&./"2)
K'+1(%'*#1/PY12*U*"N('*1#*4'0S&"A"2*81*&%+(1%("2*81*'/"2*81$"%23*'"
$(1P"*81*o{jjj*(R%2*9=%&+'3*BCmj3*$)*DjDF)
,/0t/%"*81*<"('%2*=%&+'3*/"*$(T&"A"*U*$(%#1%('*18%PQ"*81*21.
8%4%"/S(%"3*5'6%'*.#'*4.(%"2'*4"#$'('PQ"*4"#*"*J$#*5.1&'"$(3$'4.-.K0
2( +*4"%$3* 81* Z&.01'.* 9BaBEF3* H.1* &71* 21(+%.* 81* N'21)* <"('%2* 21
+'/A&"(%'+'*8"*$(R20%#"*H.1*5'(%'*'"*$nN&%4"3*H.'/0"*'"*$(1P"*1*'"
+"&.#1*8"*8%4%"/S(%"J
*[@"8'+%'3*/Q"*+1/81(1%*'"*>nN&%4"*$"(*A('/81*"*21(+%P"*H.1*&71*5%63*N'20'
H.1*4"/71P'3*H.1*&71*$".$1%*'*812$12'*81*Bj*+"&.#12*('("2v*H.1*&71*8".
"*N"#*H.1*/1&12*7S3*#.%0"*#1&7"('8"3*1*$"(*.#'*8R4%#'*$'(013*".*$".4"
#'%2*8"*21.*4.20"3*4"#*'*4"#"8%8'81*81*/Q"*'/8'(*(1+"&+1/8"*0'/0"2
BD
@"#"2v*1*%20"*R*'&A.#'*4"%2'3*1/H.'/0"*/Q"*'$'(141*".0('*#1&7"()]
!"#$%$&'()*+,*(-./0+/'(12(34'(%2(5'(62(7789:'(3;;9
")
E1$%$(A,*.F/(<?#$
"*
!"#"$%&'"$()*(+,%-.*(/'*0"12"'*
2(!"#"$%&'"$()*(+,%-.*(3$'4.-.20*
L%20"2* "* 0;0.&"* 1* "* $(T&"A"3* '* 8%#1/2Q"* 8"* +"&.#13* '&A"* 8'
#"0%+'PQ"*8"*'.0"(*1*'&A.#'2*4%(4./20f/4%'2*8'*R$"4'3*"*H.1*$"81(%'
'A"('*21(*'$"/0'8"*2"N(1*"*4"($"*8"*8%4%"/S(%"g
G#'*H.120Q"*H.1*$"81*21(*4"&"4'8'*R*'*(1&'PQ"*H.1*122'*"N('3
818%4'8'*U*[&;/A.'*N('2%&1%(']3*#'/01+1*4"#*$"22;+1%2*.2"2*1*+"4SN.&"2
H.1* 21(%'#* 2%/A.&'(12)* ?.* 21-'3* R* #'%2* ".* #1/"2* /'0.('&* H.1* /"2
$1(A./01#"2*21*=%&+'*>%/0"*21*8120'4".*$"(*.#'*&1e%4"A('5%'*12$14%'&3
818%4'8'* U2* 8%51(1/P'2* &%/Aq;20%4'2* 1/0(1* Z('2%&* 1* >"(0.A'&)* ,22%#3
%/+120%A.1#"2*21*7S*+1(N1012*81221*0%$")*,*(12$"20'*%/%4%'&*RJ*2%#3*21
&1+'(#"2* 1#* 4"/2%81('PQ"3* $"(* 1e1#$&"3* $'&'+('2* "(%A%/S(%'2* 8'2
&;/A.'2*'5(%4'/'2*1*'#1(%4'/'2)*9KS*H.1*21*4"/2%81('(*21*1201*21(%'*.#
4(%0R(%"* %/0(;/214"* 81* N('2%&%8'813* #'2* 81%e1#"2* 122'* H.120Q"* 1#
'N1(0"* $"(* .#* #"#1/0"F)* KS* /"* !"#"$%&'"$( )*( +,%-.*( /'*0"12"'*
%/n#1("2*+1(N1012*'5(%4'/"2*1*'#1(%4'/"23*1#N"('*1#*A1('&*/Q"*21
%/8%H.1*'*"(%A1#*8'*$'&'+('J
<'/8%/A'3*2)*5)*V/0(1*"2*,5(%4'/"23*z1%0%P'(%')
h.%&"#N"3*2)*#)*d"*Z('2%&3*R*'*$".2'8'3*".*'$"21/0"3*"/81*21*(14"&71#
1#*2"4%18'81*/"*#'0"*"2*$(10"2*5.A%0%+"23*'*H.1*47'#'#*!'&7'#N"&'2)
<'/8%"4')*=)*5)*_'%6*5'(%/S41'*8"*Z('2%&3*81*H.1*21*5'6*'*5'(%/7'3*H.1*21(+1
81*$Q")
=1(%'*0'#NR#*/'0.('&*$1(A./0'(*21*12212*+1(N1012*01(%'#*2%8"
12$14%'&#1/01*4"&%A%8"2*$"(*1&1*".*/Q"3*4"#$'('/8"*"*+"&.#1*4"#
'&A.#*8"2*$"22;+1%2*8%4%"/S(%"2*8%2$"/;+1%2*/'H.1&1*#"#1/0")*K'+%'
.#'*%#$"(0'/01*N%N&%"014'*/"*=1#%/S(%"*V$%24"$'&*81*<'(%'/'3*H.1
=%&+'*>%/0"*$"81*01(*4"/2.&0'8"3*%/4&.2%+1*$"(H.1*'&%*120.8".*01"&"A%'3
(10T(%4'3*&;/A.'2*1*#'01#S0%4'*9>1(1%('*<'(%'3*B``mF)*^'8"2*"2*&%#%012
81201*0('N'&7"3*%(1#"2*4"#$'(S\&"*U*21A./8'*18%PQ"*8"*!"#"$%&'"$*81
<"('%23* 81* BCBD3* 51%0'* 1#* +%8'* $1&"* 8%4%"/'(%20')* ,$T2* '* $(%#1%('
!"#$%$&'()*+,*(-./0+/'(12(34'(%2(5'(62(7789:'(3;;9
<"=&(>$+?$(@$(A?.1$()?%,*(/(*(Q?R?*%S+?*(@/(<=%0"$(M+$&?./?+$222
18%PQ"3*81*BaC`3*1*120'3*5"%*51%0'*'%/8'*.#'*01(41%('*18%PQ"*$1&"*'.0"(3
1#*BCED)*=%&+'*>%/0"*/Q"*%/8%4'*/1/7.#*".0("*'.0"(3*#'2*#1/4%"/'
H.1*4"/2.&0'(%'*[0"8"2*"2*+"4'N.&S(%"2*'"*'&4'/41]*21*/Q"*0%+1221
(18%#1/2%"/'8"*'*2.'*0'(15'3*'"*+1(*H.1*"*A'/7"*#'01(%'&*/Q"*21(%'
4"#$1/2'0T(%"* 8"* S(8."* 0('N'&7")* ,&A./2* ".0("2* 8%4%"/S(%"2* 81
$"(0.A.c2*1e%201/012*/1221*$1(;"8"*1('#*"*81*Z&.01'.3*"*8'*,4'81#%'
_1'&*8'2*!%c/4%'2*81*Ba`D3*#'2*H.1*'N('/A1*'$1/'2*'*&10('*,3*"*81
Bo
Z'41&'(3*"*81*z"/214' )
V22'*4"#$'('PQ"*#"20('*H.1*#.%0"2*812212*+"4SN.&"2*'5(%4'/"2
".*'#1(%4'/"2*-S*120'+'#*1#*<"('%2)*V*120'+'#*1#*<"('%2*#1/"2
$"(*01(*2%8"*1&1*.#*[5&.#%/1/21]3*1*#'%2*i*$"(*21(*1221*.#*51/t#1/"
81* #'%"(* '#$&%0.81* i* $"(* H.1* 122'2* $'&'+('2* 4"#$./7'#* -S* /Q"
1e'0'#1/01* "* Z('2%&3* #'2* "* %#$R(%"* 4"&"/%'&* $"(0.A.c2)* G#'* +"6
'5(%4'/'*/Q"*5"%*'22%#%&'8'*U*&;/A.'*$"(0.A.12'3*/14122'(%'#1/01*/"
Z('2%&)* X22"* $'(141* TN+%"3* #'2* /1#* 21#$(1* '2* &1/012* 47'.+%/%20'2
5"('#* $"20'2* 81* &'8"* '"* $("4.('(* "2* [N('2%&1%(%2#"2]* '* H.'&H.1(
Bb
4.20" )**d'*51&%6*5"(#.&'PQ"*81*r"Q"*>'.&"*_"8(%A.123*$'('*<"('%2
"*H.1*+'&%'*1('*1/(%H.141(*"*%8%"#'*&.2%0'/"*4"#*$'&'+('2*81*"(%A1#
&"4'&3*1#*4"/2"/f/4%'*4"#*'*+%A1/01*%8R%'*81*%#$R(%"*&.2"\'#1(%4'/"
8'*A1('PQ"*81*Ba`j*9<'e|1&&3*B```F)*?.0("*$"/0"*%#$"(0'/01*R*H.1
'&A.#'2*"N('23*1*"*!"#"$%&'"$*81*<"('%2*R*.#'*81&'23*/"*2R4.&"*WLXXX3
"N21(+'#*1*0('61#*(1A%20("2*81*$'(0%4.&'(%8'812*1*+'(%'PY12*8'*&;/A.'
Bm
$"(0.A.12'*9>%/0"3*B``DF )*,*H.120Q"*$"81(%'*21(*4"&"4'8'*#12#"
$'('*'*"N('*81*Z&.01'.3*H.1*0'#NR#*%/4"($"('*"*#./8"*4"&"/%'&3*/'2
1/0('8'2*(1&'0%+'2*'*51/t#1/"2*0'/0"*/'0.('%2*4"#"*'*2"4%'%2*9$"(
1e1#$&"J*!'-.3*[$&'/0'*8"*Z('2%&]3*".*!'N('3**[^1('#*"2*$"(0.A.1212
Ba
1201*/"#1*'*'&A./2*;/8%"2]F )
^120'*5"(#'3*/Q"*$'(141*7'+1(*'&A"*12$14%'&3*1#*01(#"2*81*.#'
&1e%4"A('5%'*"(%A%/'&*81*=%&+'*>%/0")*?*H.1*"*0%$TA('5"*#%/1%("*516*5"%
'&A"*#'%2*2%/A1&"3*/.#'*12$R4%1*81*2%#$&%5%4'PQ"*8"*^%4%"/S(%"*81
<"('%2)* dQ"* R* '81H.'8"3* $"(R#3* $1/2'(#"2* 1#* .#'* 12$R4%1* 81
[<"('%2* 81* N"&2"]* 4"#"* '&A"* 81* #1/"(* (1&1+f/4%'* 7%20T(%4')* ,
$("$"20'*8"*^%4%"/S(%"*>"(0S0%&*$"81*21(*1/01/8%8'*4"#"*$'(01*8"
%/4(1#1/0"*8'*%#$(1/2'3*4"/01e0"*#'(4'8"*'%/8'*$1&'2*$("$"20'2*81
1e$'/2Q"*8'*%/20(.PQ"*$nN&%4')*>"(*%22"3*R*%#$"(0'/01*&1+'(*1#*4"/0'
!"#$%$&'()*+,*(-./0+/'(12(34'(%2(5'(62(7789:'(3;;9
"!
E1$%$(A,*.F/(<?#$
""
"*"N-10"*#'01(%'&*'/'&%2'8"3*'2*2.'2*4'('401(;20%4'2*5;2%4'2)**?('3*.#
8%4%"/S(%"* 81* N"&2"3* N'('0"3* 1#* R$"4'* 1#* H.1* 7S* 81#'/8'* $"(
#'01(%'&*%#$(122"3*1*1#*H.1*'*%/20(.PQ"*$nN&%4'*R*1/01/8%8'*4"#"*'
$"22%N%&%8'81*81*5"(#'PQ"*81*.#*[#"8"*A1('&*81*21/0%(]3*$"81(%'*21(
.#*1e41&1/01*1#$(11/8%#1/0"*$'('*H.1#*1('3*'&%S23*$("$(%10S(%"*81
.#'*0%$"A('5%')*!"/0(%N.%(%'*'22%#*$'('*8%5./8%(*"*[%8%"#'*/'4%"/'&]
'0('+R2*8'2*+'20'2*(1A%Y12*8"*X#$R(%"3*1/0(1*[0"8'2*'2*2.'2*4&'2212])
!"#$'('/8"*"2*+1(N10123*/"0'\21*H.1*=%&+'*>%/0"*(12.#%'*'2
815%/%PY12*81*<"('%23*#.%0'2*+1612*(10%('/8"*'2*4%0'PY12*4&S22%4'2)
,&R#*8%22"3*"/81*1#*<"('%2*7'+%'*"*+1(N"*1*"*'8-10%+"*91e)*'$1/8"'8"
1*'$1/8"'(F3*=%&+'*>%/0"*4"&"4'+'*2T*"*+1(N")*<"('%2*815%/1J*'$1/7'8"3
'$1/7'8"(3*'$1/7'#1/0"3*'$1/7'(v*=%&+'*>%/0"*%/21(1*'$1/'2*'$1/7'()
,"*&'8"*8"*8(S20%4"*(12.#"*8'2*815%/%PY12*8"2*+1(N10123*N1#*4"#"
8'*2.$(122Q"*8'2*4%0'PY12*1*'N"/"2*8'2*'.0"(%8'8123*1221*5"%*.#*8"2
A('/812*4(%0R(%"2*8"*'.0"()
*d'*4"&./'*8'*12H.1(8'*'$'(141#*"2*+1(N1012*8"*!"#"$%&'"$()*
+,%-.*( 3$'4.-.20** 81* * <"('%23* /'* 8%(1%0'* 8"* !"#"$%&'"$( )*( +,%-.*
/'*0"12"'*3*81*=%&+'*>%/0")
,&4./7'3*2)*5)*'$1&%8"3*2"N(1/"#1)*'/0)
'&A.#*'$1&%8"*%/-.(%"2"*'&.2%+"*'*'&A.#
8151%0"* 8'* $122"')* })* ,/0%A'#1/01* 1('
%/8%51(1/01J* +)* A)* 5%4".* '* ^)* r)* X* $"(
'&4./7'*"*_1%*81*N"'*#1#T(%')*!7("/)
81*r)*X*$"(*:1Q"*L*"(8)*'5)*X)*5)*obb*9$)*Cm3
0"#"*XF
,&4./7'3*2)*5)*,/0%A'#1/01*1('*"*#12#"
H.1* '$1&%8")* K"-1* 21* 8%6* 8"* '$1&%8"
$"20"*$"(*8151%0"3*".*$"(*'&A.#*2.412\
2")
!"#$%$&'()*+,*(-./0+/'(12(34'(%2(5'(62(7789:'(3;;9
<"=&(>$+?$(@$(A?.1$()?%,*(/(*(Q?R?*%S+?*(@/(<=%0"$(M+$&?./?+$222
,&A'('+%'3*2)*5)*:%/A.'A1#*%/%/01&%A;+1&3
4"/5.2'J* /"* #12#"* 21/0%8"* 8%61#"2
z'&'(*L'24"/2"*9$)*`E3*0"#"*XF
,&A'('+%'3*2)*5)*:%/A.'A1#*4"/5.2'3*H.1
/Q"*21*1/01/81
,/1e%#3*2)*#)*,e%"#'*+.&A'(3*".*8%0"
$%4'/01* 8"* +.&A")* V.5()* X* X)* D)* :"N"3
!"(013*^)*D)*H.1*/Q"*01/7'#*'/1e%/2*1#
&.A'(* 81* '8SA%"2* 1* 21/01/P'2* 9$)* BDD3
0"#"*XF
,/1e%#3*2)*#)*,e%"#'*+.&A'()*^%0"*$%\
4'/01*8"*+.&A"
X/01(122'/01*'%/8'*4"#"*"$%/%Y12*1*+'&"(12**/Q"*21*21$'('+'#
8'2*815%/%PY12J
,01;2#"3*2)*#)*,*"$%/%Q"*'N2.(8'*8"2
H.1*/1A'#*'*1e%20c/4%'*81*^1.2*9$)*EEE3
0"#"*XF
,01;2#"3* 2)* #)* =1%0'* 'N2.(8'* 8"2* H.1
/1A'#*'*1e%20c/4%'*81*^1.2
V2012*+1(N1012*1e1#$&%5%4'#*N1#*'*2%#$&%5%4'PQ"*"$1('8'*/"
$1H.1/"*8%4%"/S(%")
Z'&'%"3*2)*#)*V2$R4%1*81*4120'*81*$'&7%/7'3
H.1*.2'#*'2*2'&"%'2v*".0("2*7S*H.1*+c#
8"*Z('2%&3*#'0%6'8"2*81*4"(123*81*$'&7'
#'%2*A("22'3*$'('*+S(%"2*.2"2)*:1Q"3*"(%A)
4)*b)*~'&H.%4R3*5%&1&13*N'&'%"~*9$)*EbD3*0"#"
XF
Z'&'%"3*2)*#)*V2$R4%1*81*4120'
!"#$%$&'()*+,*(-./0+/'(12(34'(%2(5'(62(7789:'(3;;9
"#
E1$%$(A,*.F/(<?#$
"$
Z'#N.3*2)*#)*V2$R4%1*81*4'/'*#.%*'&0'3
1* A("22'3* '* H.1* /"* Z('2%&* 47'#'#
@'H.'('P.v*"2*A"#"2*8120'*4'/'*21(+1#
$'('*+'2"2*8'A.'3*1*(12%201#*'22'6€*'"
5"A"3*$'('*/1&12*21*A.%6'(*'*4"#%8'J*7S
#'47"2*1*5c#1'2)*!("/)*-)*XXX)*>)*o)*4)*Co)
:.4)*CCC)*~,*$"81(*8'P".012*8"2*Z'#\
N.2~*9$)*Eba3*0"#"*XF
Z'#N.3* 2)* #)* V2$R4%1* 81* 4'/'* #.%0"
A("22'* H.1* /"* Z('2%&* 2Q"* "* /"#1* 81
@'4.'('P.)*z%A)*Z"(8Q"*#.%0"*A("22"
Z'H.10'3*2)*5)*>1P'*81*$'.*0"(/1'8'3*4"#
H.1* "2* 0'#N"(12* 21* 0"4'#3* $'('* 0%('(
2"#*81&12*9X0'&)*N'447100'F*9$)*EmB3*0"#"
XF
Z'H.10'3*2)*5)*%/20(.#1/0"*81*$'.*4"#
H.1*21*0"4'*"*0'#N"(
?2*+1(N1012*818%4'8"2*'"2*51/t#1/"2*8'*&;/A.'*%/8%4'#*'%/8'
"2*+'&"(12*1*1e$140'0%+'2*H.'/0"*'"*N"#*.2"*8"*+1(/S4.&")
Z'(N'(%2#"3* 2)* #)* 0)* 81* l('#)* L;4%"
4"/0('*'2*(1A('2*1*$.(16'*8'*:%/A.'A1#3
$("/./4%'/8"3* .2'/8"* 81* $'&'+('2* ".
5('212*120('/A1%('2v*+)*A)*~5./8'#1/0"2
%/1N('/&S+1%2~)* Z'(("23* l('##)* BmB)
~Z'(N'(%2#"*R*+;4%"*H.1*21*4"#101*/'
124(%0.('*81*4'8'*.#'*8'2*$'(012*".*/'
$("/./4%'PQ")~*})*V((t/1'3*'PQ"*81*A1/\
01*NS(N'(')*<)*>%/0"3*4)*BjC)*471A'#*'
0'/0"*N'(N'(%2#"*1*812'0%/"*H.1*8%61#)
Z'(N'(%8'813*N'(N'(%41*9$)*EmD3*0"#"*XF
Z'(N'(%2#"23* 2)* #)* 9@)* 81* A('#S0%4'F
+;4%"*4"/0('*'2*(1A('2*1*$.(16'*81*&%/A.'\
A1#3*$("/./4%'/8"*1*.2'/8"*81*$'&'+('2
120('/A1%('2
!"#$%$&'()*+,*(-./0+/'(12(34'(%2(5'(62(7789:'(3;;9
<"=&(>$+?$(@$(A?.1$()?%,*(/(*(Q?R?*%S+?*(@/(<=%0"$(M+$&?./?+$222
V201*4"/-./0"*81*01(#"2*5'&'*81*2%/A.&'(%8'812*8"*Z('2%&
Z%4.8'3*2)*5)*>1%e1*Z('2;&%4"*H.1*01#*.#
N%4"*&"/A"3*'A.8"*1*8.("v*R*('N%5"(P'8"3
81281/0'8"3*1*#.%*4'(/"2"*9$)*ECB3*0"#"
XF
Z%4.8'3*2)*5)*>1%e1*8"*Z('2%&
Z%4.%+'3*2)*5)*d"6*"&1"2'*8"*Z('2%&*81*H.1
21*.2'*/'*<18%4%/'*9$)*ECB3*0"#"*XF
Z%4.%+'3* 2)* 53* d"6* 8"* Z('2%&* "&1"2'* 1
#18%4%/'&
Z1%-.3*2)*#)*<'22'*81*0'$%"4'*".*81*5'(%\
/7'*81*$Q"3*'$&'/'8'*1*4"6%8'*/"*5"(/"3
5%4'*'*#"8"*81*4"24"(Y12*9$)*Eao3*0"#"*XF
Z1%-.3*2)*#)*<'22'*H.1*5'61#*/"*Z('2%&*81
5'(%/7'*81*#'/8%"4'*4"6%8'*/"*5"(/"
!'5./R3*2)*#)*0)*8"*Z('2%&)*47)*V20'&"2*H.1
21*8Q"*/'*4'N1P'3*4"#"*H.1#*4'0'*9$)
DEj3*0"#"*XF
!'5./R3*2)*#)*d"*Z('2%&*R*"*120'&"*H.1*21
8S*/'*4'N1P'*U*#'/1%('*8"*H.1*4'0'
!'-S3*2)*#)*z(.0"*8"*Z('2%&*8'*51%PQ"*81
.#'* A('/81* '#1%e'* '#'(1&'3* 81* A"20"
'A(%8"41v*R*'("#S0%4"3*01#*A('/81*4'("\
P"3*4"N1(0"*81*5%N('2*9$)*DEB3*0"#"*XF
!'-S3*2)*#)*!'-S2*/"*$&.()*s*.#'*5(.0'*8"
Z('2%&* N1#* $'(14%8'* 4"#* .#'* '#1%e'
'#'(1&'
!'&7'#N"&'3*2)*4)*?*124('+"3*".*124('+'3
H.1*5.A%.*1*'/8'*'#"/0'8"3*+%+1/8"*1#
H.%&"#N"2J* R* 01(#"* .2'8"* /"* Z('2%&3
"(81/)*!"&&14)*'"*:)*o)*@)*oa)*/)*X)*9^1
!'/71/\N"('3* $'&'+('2* 8'* :;/A.'* A1('&
Z('2;&%4'3*"*5.-Q"3*".*'4"20.#'8"*'*5.A%(F
9$)*DEm3*0"#"*XF
!'&7'#N"&'3*'8-)*$1/)*&)*d"*Z('2%&*21*8%6
8"*$(10"*124('+"*5.A%8"*H.1*'/8'*$1&"
#'0"*1#*H.%&"#N"2*".*H.'8(%&7'2
!"#$%$&'()*+,*(-./0+/'(12(34'(%2(5'(62(7789:'(3;;9
"%
E1$%$(A,*.F/(<?#$
"&
r1(1$1#"/A'3*2)*5)*G#'*21($1/01*Z('2;&%4'3
H.1*21*5%e'*%#T+1&*81N'%e"*8'A.'*1*8%61#
81&'* H.1* "* '/%#'&* H.1* '* 0"4'* 5%4'* 0Q"
$1A'8"* U* 2.'* $1&1* H.1* 8%5%4%&#1/01* "
'$'(0'#*81&'v*1*21A.("*'22%#*"*&1+'*1&'
$'('*'*SA.'*9$)*BC`3*0"#"*XXF
r1(1$1#"/A'3*2)*5)*=1($1/01*8"*Z('2%&
r1/%$'$"3*2)*#)*z(.0"**8"*Z('2%&3*+1(81
$"(*5"('3*4"#*.#'*#'22'*1*4'("P"*81/\
0("3*+.&A'(*/'*Z'7%'*1*>1(/'#N.4")*})
G#*2%/'&*".*#'&7'*$(10'*H.1*"2*#.&'0"2
0c#*81*/'241/P'*/'2*/S81A'2*".*$".4"
'4%#'*9$)*BC`3*0"#"*XXF
r1/%$'$"3*2)*#)*z(.0"*8"*-1/%$'$1%("
r"'/A'3* 2)* 5)* V#N'(4'PQ"* ,2%S0%4')
<*04*%=)*:)*C)*5)*BDo*9$)*BC`3*0"#"*XXF
r"'/A'3*2)*5)*1#N'(4'PQ"*8'*2%'
<'#"1%("3*2)*#)*(+"(1*H.1*8S*#'#Y12
9$)*Ebb3*0"#"*XXF
<'#"1%("3*2)*#)*S(+"(1*8"*Z('2%&3*H.1*8S
"2*#'#Y12
<'/8%"4'3*2)*5)*_'%6*5'(%/S41'*Z('2;&%4'
81* H.1* 21* 5'6* '* 5'(%/7'3* 4"#* H.1* &S
4"#1#* "* 4"/8.0")* L)* <'/%P"N'* 1
<'/%+'*9$)*Eba3*0"#"*XXF
<'/8%"4'3*2)*5)*_'%6*5'(%/S41'*8"*Z('2%&3
81*H.1*21*5'6*'*5'(%/7'3*H.1*21(+1*81*$Q"
<'/8%/A'3*2)*5)*0)*8'*5(%4')*z1%0%P'(%'v
51%0%P"2*9$)*Eba3*0"#"*XXF
<'/8%/A'3*2)*5)*V/0(1*"2*'5(%4'/"2*51%0%\
P'(%'
!"#$%$&'()*+,*(-./0+/'(12(34'(%2(5'(62(7789:'(3;;9
<"=&(>$+?$(@$(A?.1$()?%,*(/(*(Q?R?*%S+?*(@/(<=%0"$(M+$&?./?+$222
<'/8.3*2)*#)*0)*8"*Z('2)*<'/"1&)*})*@"&")
>%/0"*_1/'24%8"*9$)*Eba3*0"#"*XXF
<'/8.3*2)*#)*d"*Z('2%&*R*"*#12#"*H.1
<'/"1&)*z%A)*@"&")
<'6"#N"3*2)*#)*5%&7"*8"*Z('2%&3*/'24%8"
81*A1/01*1.("$R%'*0)*%/-.()*9$)*EaC3*0"#"
XXF
<'6"#N"3*'8-)*/'24%8"*/"*Z('2%&
<'4.#'3*2)*5)*0)*.2'8"*/"*Z('2%&3*".*'/012
<.4'#'3*4"#"*&S*8%61#)*,*124('+'*H.1
'4"#$'/7'*'*21/7"('3*H.'/8"*2'%*U*(.')
d"*_%"*81*r'/1%("*8%6*1#*<.4'#'3*/'
Z'7%'3* >1(/'#N.4"3* 1* ".0('2* $'(0123
<./N'/8'3*H.1*/Q"*2T*'4"#$'/7'3*#'2
R*2"*21(+%P"*8'*=1/7"('*1#*4'2'*9$)*Eob3
0"#"*XXF
<'4.#'3*2)*5)*d"*Z('2%&*'*124('+'*H.1
'4"#$'/7'*'*21/7"('*$1&'*(.')*^1*"(8%\
/S(%"*47'#'#*#.4'#N'2
,*'/S&%21*8'*4"/20(.PQ"*8%24.(2%+'*8"2*+1(N1012*0'#NR#*21(%'
#.%0"* n0%&3* '+'&%'/8"* $"22;+1%2* 0('8.PY12* 1* 0('/2%PY12* 81* 21/0%8"2
1/0(1* <"('%2* 1* =%&+'* >%/0")* d"* 1/0'/0"3* 1/01/8"* H.1* 122'* '/S&%21
124'$'(%'*'"2*&%#%012*81201*0('N'&7")*,/S&%212*81*&%/Aq%20'23*12$14%'&%20'2
BC
1#*&1e%4"A('5%'3*41(0'#1/01*1/(%H.141(%'#*'*$12H.%2'*'H.%*4"/8.6%8' )
!'N1*5'61(*.#'*(S$%8'*#1/PQ"*U*H.120Q"*"(0"A(S5%4')*,2*n&0%#'2
$SA%/'2*8"*!"#"$%&'"$()*(+,%-.*(/'*0"12"'**0('61#*.#'*1(('0')*G#'*8'2
1#1/8'2*5"%*$'4$-'*H"**$"(*$'4=$-'*H"*)*!"#"*2'N1#"23*/"*2R4.&"*WXW
/Q"* 7'+%'* $'8("/%6'PQ"* "(0"A(S5%4')* G#* #"+%#1/0"* N'20'/01
%/01(122'/013*#'/%5120'8"*0'/0"*/"*Z('2%&*4"#"*1#*>"(0.A'&3*'$'(141.
/'*8R4'8'*81*BCaj3*%/'.A.('/8"3*/"*41/S(%"*N('2%&1%("3*.#*'4'&"('8"
81N'01*1/0(1*"2*H.1*8151/8%'#*.#'*"(0"A('5%'*('4%"/'&*".*5"/R0%4'3
1*'H.1&12*'$1A'8"2*U*0('8%PQ"*10%#"&TA%4'3*1#*H.1*.#*4=*81+1(%'*21(
#'/0%8"* '* H.'&H.1(* 4.20")* !'8'* .#'* 8122'2* 01/8c/4%'2* 'N(%A'+'
+'(%'PY12* 1* 2"&.PY12* $'(0%4.&'(12)* V#N"('* /Q"* 21-'* $"22;+1&3* /"2
&%#%012* 1* $("N&1#S0%4'* 81201* 0('N'&7"3* * '$("5./8'(* "* 120'8"* 8122'
!"#$%$&'()*+,*(-./0+/'(12(34'(%2(5'(62(7789:'(3;;9
"'
E1$%$(A,*.F/(<?#$
#(
8%24.22Q"* /'2* $(%#1%('2* 8R4'8'2* 8"* 2R4.&"* WXW3* $"81\21* '$"/0'(
N(1+1#1/01*'*(1&'PQ"*H.1*=%&+'*>%/0"*#'/01+1*4"#*"*!"#"$%&'"$*81
<"('%23*$"%2*7".+1*'&A.#'2*8%51(1/P'2)*>"(*1e1#$&"3*H.'/0"*'"*$7)
V201*1#*'&A./2*4'2"2*/Q"*5"%*.0%&%6'8"*$"(*<"('%23*H.1*A('5".*#.%0'2
$'&'+('2* 4"#* 53* (1#101/8"* '&A./2* +1(N1012* $'('* '* A('5%'* 4"#* $7)
^122'*5"(#'3*7%1('(H.%6'*'2*8.'2*"$PY12)*=%&+'*>%/0"3*$"(R#3*(120'.('
"*$73*A('5'/8"*$"(*1e1#$&"3*'$71(1213*'$7"(%2#"3**01(#"2*H.1*1#
<"('%2*'$'(141#*4"#*5)*K".+1*.#'*41(0'*%/+1(2Q"*1/0(1*'2*5"(#'2
2.A1(%8'2*1*'2*/Q"*'81H.'8'2J*=%&+'*>%/0"*%/4&.%*"*+1(N101*z'&'/A1)
<'2*/Q"*"*1e$&%4'3*8%61/8"*'$1/'2J*[<1&7"(*>7'&'/A1]3*'"*4"/0(S(%"
81*<"('%2)
V2212*8"%2*+1(N1012*5"('#*0('/24(%0"2*21#*'0.'&%6'PQ"*"(0"A(S5%4'3
$'('*%&.20('(*'2*8%51(1/P'2J
<%/AS"3* 2)* #)* 0)* 8"* Z('2%&)* >'$'2* 81
5'(%/7'*81*0(%A"3*".*8'*5&"(*81*#'/8%"4'3
4"#*'22.4'(3*"+"23*104)*L'24"/4)*d"0%\
4%'2)*z%A.1%('3*l('##)*9$)*o`F
<%/AU"3*2)*#)*$)*&)*d"*Z('2%&3*$'$'2*81
5'(%/7'*81*#%&7"3*104)*4"#*#1&*".*'P.4'(
?.0("2*1e1#$&"23*$"(R#3*%/8%4'#*H.1*=%&+'*>%/0"*01(%'*$(151(%8"
"*$(%/4;$%"*81*A('5%'*N'21'8"*/'*5"/R0%4'*1*/Q"*/'*10%#"&"A%')*<"('%2
124(1+1*;2L$*1*;*L$'3*1*=%&+'*>%/0"3*;2"$*1*;*"$')*,2*814%2Y12*"(0"A(S5%4'2
81*<"('%2*41(0'#1/01*4"/20%0.1#*.#*4'$;0.&"*U*$'(013*$"%2*1&1*'"
#12#"*01#$"*H.1*'5%(#'*/"*$(T&"A"*$(151(%(*'*"(0"A('5%'*5%&"2T5%4'3
1#*H.1*'*4'8'*2"#*4"((12$"/81(%'*.#*2T*2%/'&3*1*H.1*/Q"*'*21A.%.*'
4"/0('A"20"3* * 21.* 8%4%"/S(%"* R* $"/0.'8"* $"(* #%4("8%24.22Y12
"(0"A(S5%4'23*1#*$1H.1/"2*$'&$%012*1*(1#%22Y12v*4"#"*/1201*1e1#$&"J
*[<120%P"3*".*#%20%P"*91201*$'(141*#1&7"(3*81*#%20"3*#%20.('F*'8-)*z%&7"*81
'/%#'%23*H.1*/Q"*2Q"*8'*#12#'*12$R4%1v*+)A)3*"*#.)*}*?*5%&7"*81*V.("$1.
4"#*w/8%'3*81*N('/4"*4"#*#.&'0'3*M4)]
!"#$%$&'()*+,*(-./0+/'(12(34'(%2(5'(62(7789:'(3;;9
<"=&(>$+?$(@$(A?.1$()?%,*(/(*(Q?R?*%S+?*(@/(<=%0"$(M+$&?./?+$222
,*"N('*81*z%&"#1/'*l"/P'&+12*"51(141*.#'*'/S&%21*N'20'/01
'N('/A1/01*2"N(1*'*H.120Q"*"(0"A(S5%4'3*8"*2R4.&"*WLXXX*'"*WW3**1
%/4&.2%+1* 'N"(8'* '* $("8.PQ"* N('2%&1%('* 2"N(1* "* 01#'* 9l"/P'&+123
EjjDF)*!7'#"*'$1/'2*'*'01/PQ"*'H.%3*$"%2*%22"*#"20('*H.1*"*/"22"
4"#$%&'8"(*5"%*0'#NR#*'.0t/"#"*1#*(1&'PQ"*'"*4"#$%&'8")*,&R#
8%22"3*7S*0'#NR#*/1&1*'&A.#'2*%/8%4'PY12*2"N(1*4"#"*41(0'2*$'&'+('2
81+1(%'#* 21(* $("/./4%'8'2* 9/1201* 1e1#$&"3* 0('/24(1+1#"2* 21#
'0.'&%6'PQ"*"(0"A(S5%4'3*$'('*%&.20('(*'*H.120Q"*8'*$'8("/%6'PQ"*8"2
'41/0"2*/'H.1&1*#"#1/0"F)
>"P"3*2)*#)*94"#*T*5147'8"F)*>‚P"2*/"*$&.()*94"#*‚*'N1(0"F)*!‚+'*#.%0"
5./8'*"/81*21*4"/21(+'*'*SA.'*9uF)
^%4%"/S(%"23* N1#* 4"#"* A('#S0%4'2* 1* "(0"A('5%'23* 4"/20%0.1#
%/20(.#1/0"2* 014/"&TA%4"23* 814%2%+"2* /'* 5"(#'PQ"* 8'2* &;/A.'2
/'4%"/'%23*81*'4"(8"*4"#*'*$1(2$140%+'*01T(%4'*H.1*01#*2%8"*0(%&7'8'
$"(*?(&'/8%*1*".0("2*9?(&'/8%3*EjjBF)*@'%2*%/20(.#1/0"2*014/"&TA%4"23
/"*N"-"*8'2*%8R%'2*&%/Aq;20%4'2*81*8101(#%/'8"2*4"/01e0"23*5"(#'(%'#
.#* 2'N1(* #10'&%/Aq;20%4"* H.1* '4'N'(%'* $"(* %/01(51(%(* /'* $(T$(%'
4"/20%0.%PQ"*8'*&;/A.')*?*0('N'&7"*12$14;5%4"*81*r"2R*K"(0'*d./12
818%4'\21*U*7%20T(%'*8'*&1e%4"A('5%'*/"*Z('2%&3*1*H.'/0"*'"2*8%4%"/S(%"2
N('2%&1%("2*8"*2R4.&"*WXW3*0('0'*8"*J$#*5.1&'"$(/'*0"12"'$(7*'*(02'?"'()2
#$;712;2%4$(*$0()"#"$%&'"$0()2(1,%-.*(7$'4.-.20*3*81*Z(S2*8'*!"20'*_.N%#3
$.N&%4'8"*1#*BCbD3*1*/Q"*5'6*(151(c/4%'*'"*+"&.#1*81*BCDE)*,*'/S&%21
81*K"(0'*d./12*$"22%N%&%0'*81*H.'&H.1(*5"(#'*'5%(#'(*H.13*81*'4"(8"
4"#*"2*4(%0R(%"2*H.1*'$(121/0'3*"*!"#"$%&'"$()*(+,%-.*((/'*0"12"'**120'(%'
N'21'8"*1#*2R(%12*81*815%/%PY123*-.20'#1/01*/'*1201%('*81*<"('%23*U
8%51(1/P'*8"*J$#*5.1&'"$*81*Z&.01'.3*1#*H.1*'2*10%#"&"A%'2*01(%'#*"
$12"*814%2%+"*9d./123*EjjBv*l.%#'(Q123*2)8)F)*!"#"*'*H.120Q"*81
K"(0'*d./12*$("4.('*%/01(("A'(*'*(1&'PQ"*1/0(1*'*8%24.22Q"*8'*&;/A.'
/'4%"/'&*/"*WXW*1*'*&1e%4"A('5%'*i*.#*8"2*$(%/4%$'%2*'(A.#1/0"23*/'
R$"4'3* $'('* H.'&%5%4'(* "2* 8%51(1/012* A('.2* 8'* 2%/A.&'(%8'81* 5'41* '
>"(0.A'&*i*81*5'0"*"*0('N'&7"*81*_.N%#*R*#.%0"*#'%2*2%A/%5%4'0%+"3
N1#*4"#"*'2*"N('2*81*<'418"*="'(12*1*Z1'.(1$'%(1\_"7'/3*8"*5%/'&
8"* 2R4.&")* ^1* H.'&H.1(* 5"(#'3* _.N%#* /Q"* 120S* %/01(122'8"* 1#
!"#$%$&'()*+,*(-./0+/'(12(34'(%2(5'(62(7789:'(3;;9
#)
E1$%$(A,*.F/(<?#$
#*
(.$0.('2*('8%4'%23*1*2%#3*#.%0"*#'%23*1#*4"/0(%N.%(*4"#*'*12$14%5%4%8'81
/'4%"/'&*$'('*.#*8%4%"/S(%"*[0"0'&]*8'*&;/A.'*$"(0.A.12'*9!"1&7"3
EjjDF3* 4"#"* 81* (120"3* 1('* $(T$(%"* 81* 8%51(1/012* 5"(#.&'PY12* 81
%81/0%8'81*/'4%"/'&*/"*_"#'/0%2#"3*1#*H.1*"*/"22"*2%/A.&'(*1('
71(81%("*1*4"/0%/.'8"(*8'*0'(15'*4%+%&%6'8"('*%/%4%'8'*$"(*>"(0.A'&
9l.%#'(Q123*B`CCF)
,* H.'/0%8'81* 81* A('#S0%4'23* '(012* 81* 124(1+1(3* "(0"A('5%'23
&%PY123* 4"#$c/8%"23* 1$%0"#123* 8%4%"/S(%"23* A.%'2* $.N&%4'8"2* /"2
2R4.&"2*WLXXX*1*WXW*1#*>"(0.A'&*1*/"*Z('2%&*%#$(122%"/')*,*&%20'*01#
#'%2*81*4%/Hq1/0'*0;0.&"2*9l"/P'&+123*EjjE3*$)*BbD\BmmF3*5"(#'/8"
.#'* 12$R4%1* 81* 81/2'* $"$.&'PQ"* 81* +"&.#123* H.1* $'(141#* 01(
$("&%51('8"*H.'21*/.#'*12$R4%1*81*A1('PQ"*12$"/0f/1')*,$1/'2*$'('
"51(141(*.#*".0("*1e1#$&"*8122'*$("&%51('PQ"*81*+"&.#12*818%4'8"2
U* &;/A.'3* U* A('#S0%4'* 1* U* "(0"A('5%'3* #1/4%"/1#"2* "* <$;7K%)"$( )*
>'*;&4"#*()*(+,%-.*(M*#"$%*13*81*BCDb3*81*'.0"(%'*81*,/0t/%"*>1(1%('
!"(.-'3*4"#*+S(%'2*18%PY12*'"*&"/A"*8"*2R4.&"*WXW)*X22"*81+1*21
1e$&%4'(*$1&'*H.120Q"*18.4'4%"/'&3*(1&'4%"/'8'*'%/8'*U*5"(#'PQ"*8"
V20'8")*V2$14%5%4'#1/01*'*7%20T(%'*8"2*8%4%"/S(%"2*&%A'\21*U*8%5.2Q"
8'2*0%$"A('5%'23*1#*#"+%#1/0"*H.1*4"#1P".*$1&'*z('/P'3*$'(012*8'
X0S&%'*1*H.1*/"*2R4.&"*WLXXX*#'/%5120".\21*+%2%+1&#1/01*1#*>"(0.A'&
1*".0("2*$';212)*?2*8%4%"/S(%"23*+"&.#12*%#$(122"2*1*8'8"2*U*4%(4.&'PQ"3
5'61#*14"'(*/"2*&.A'(12*1#*H.1*471A'#3*0'/0"*"2*21/0%8"23*4"#"*'2
A('5%'23* '&A.#'2* [#1#T(%'2]* $'(0%4.&'(123* 0"(/'/8"\21* $'8(Q"
/'4%"/'&)*V221*14"*81*21/0%8"2*1*.2"2*$'(0%4.&'(12*0('6%8"*$1&'*8%5.2Q"
8'*$'&'+('*%#$(122'3*21*R*4"#.#*'*".0('2*5"(#'2*81*8%24.(2"3*4"#"
.#*("#'/41*81*,&1/4'(3*#'%2*5"(01*'%/8'*21(%'*/"*4'2"*81*8%4%"/S(%"2)
@"8'* '* '0%+%8'81* 8'* %#$(1/2'* 81$'('+'\21* 4"/20'/01#1/01* 4"#* '
H.120Q"*8'*$'8("/%6'PQ"*8'*&;/A.')*G#*1e1#$&"*8%22"*5"%*&1#N('8"
$"(* :)* K'&&1|1&&3* H.1* '$"/0'+'3* /'* 4"#$&1e'* 5"(#'PQ"* 8'* &;/A.'
%/A&12'3*4"#"*+'(%'PY12*+"4'N.&'(12*1*A(S5%4'2*'4'N'('#*5%e'8'2*$"(
814%2Y12*'(N%0(S(%'23*1*#12#"*4'2.'%23*81*%#$(122"(12*1*18%0"(12)*KS
'22%#* .#'* +1(01/01* H.1* $"81* 21(* 0(%&7'8'* $"(* 7%20"(%'8"(123* H.1
$"81(;'#"2*$("$"(*4"#"*(14.$1('(*'*7%20T(%'*8'*&;/A.'*/'*7%20T(%'*8"
&%+("*9K'&&1|1&&3*EjjoF)
!"#$%$&'()*+,*(-./0+/'(12(34'(%2(5'(62(7789:'(3;;9
<"=&(>$+?$(@$(A?.1$()?%,*(/(*(Q?R?*%S+?*(@/(<=%0"$(M+$&?./?+$222
5(6"7$-'*8"*()2(9"1:*
#!
?* $(%/4%$'&* 21/0%8"* H.1* $"81#"2* $1(41N1(* $'('* "* '8-10%+"
N('2%&1%("* 4"#"* 4'('401(;20%4'* 8"* +"&.#1* $"81* +%(* 8'* '0%+%8'81
0%$"A(S5%4'*1*8'*4%(4.&'PQ"*8"*#'01(%'&*%#$(122"*$("8.6%8"*&"4'&#1/01)
,*@%$"A('5%'*81*=%&+'*$.N&%4".*#.%0"*$("+'+1&#1/01*"2*$(%#1%("2
&%+("2*/'*$("+;/4%'*81*<%/'2*l1('%2)*,&%S23*.#'*$("+;/4%'*"/813*1#
#.%0'2*&"4'&%8'8123*$("8.6%'#\21*21.2*$(T$(%"2*-"(/'%2*9L1%A'3*BC`CF)
!7'#'* '* '01/PQ"* '* $.N&%4'PQ"* 81* +"&.#12* 8'* <$12NE$( )*0( +2"0( )$
O;7P'"$3*H.'21*1#*4"%/4%8c/4%'*4"#*"*$1(;"8"*(1A1/4%'&3*1/0(1*BCE`*1
BCoB)*>1(A./0'#"\/"2J*21(S*H.1*".0('2*4'$%0'%2*81*$("+;/4%'*0'#NR#
%#$(%#%'#* 1e1#$&'(12* 8'* !"&1PQ"* 81* :1%2g* K'+%'* '&A.#* 0%$"* 81
2.N2;8%"*8"*V20'8"*".*0('0'+'\21*81*&'/P'(*'"*$nN&%4"*+"&.#12*#'%2
N'('0"2*H.1*"2*0('6%8"2*8'*!"(013*$.N&%4'8"2*$1&'*@%$"A('5%'*d'4%"/'&
1*".0('2*0%$"A('5%'2*2%0.'8'2*/"*_%"*81*r'/1%("g*V#N"('*21#*$"81(
(12$"/81(*81*5"(#'*1e'0'3*R*+S&%8"*'01/0'(*$'('*122'*$"22;+1&*'.0"/"#%'
$("+%/4%'&*/"*H.1*8%6%'*(12$1%0"*'"*%#$(122")
,22%#3*.#*$1H.1/%/"*+"&.#1*8"*<Q)"-$(<'";"%*13*4"#*'$1/'2*Bj
4#*81*'&0.('3*5'6*$1/2'(*/.#'*81#'/8'*%/01/2'*$1&'2*/"+%8'812*8'
R$"4'3*1#*H.1*0'/0"*21*'$"20".*/'2*(15"(#'2*&%N1('%2)*L1#*'*$("$T2%0"
4"#1/0'(*H.1*-S*/"2*$(%#1%("2*$'(SA('5"2*8"*!T8%A"3*4"#*'2*815%/%PY12
%/%4%'%2*8"*4(%#1*1*8"*4(%#%/"2"3*'$'(141#*'2*'0%+%8'812*8'*%#$(1/2'
H.1* $"81(%'#* +%(* '* 21(* 4(%#%/"2'23* 120%$.&'/8"\21* '%/8'* '
(12$"/2'N%&%8'81*81*'.0"(12*1*%#$(122"(12)*d'8'*#'&*$"81(*4'((1A'(
/"* N"&2"* .#* A.%'* 21A.("* $'('* %81/0%5%4'(* 'PY12* 1* 4"/8.0'2* H.1
$.81221#*21(*1/H.'8('8'2*/'H.1&'2*/"+%8'81%('2*/"PY12*81*4(%#1*1
$./%PQ")*K".+1*+S(%'2*".0('2*18%PY12*8"*!T8%A"*-S*1#*BCDBJ*'*8'
@%$"A('5%'*d'4%"/'&3*'*81*=1%A/"0\>&'/471(3*'#N'2*8"*_%"*81*r'/1%("3
B`
1*%/4&.2%+1*.#'*0('8.PQ"*5('/412'*81*BCDo )*V#*BCDD3*$.N&%4".\21*/'
@%$"A('5%'* 81* =%&+'* 0'#NR#* "* <Q)"-$( )$( 3'$#200$( <'";"%*13* H.1* 5"('
Ej
1&'N"('8"*/"*'/"*'/01(%"( )
V#*".0('*&%/7'*81*$.N&%4'PY12*$"81(;'#"2*%/4&.%(*"*!"#"$%&'"$
1#*5"4"3*$"%2*2Q"*$.N&%4'PY12*8%(%A%8'2*U*%/20(.PQ"3*4"#"*G12;2%4$0
)2(H*';&#"*6(C.,;"#*(2(5$4R%"#*3**/"+'*18%PQ"*$"(*:.;2*<'(%'*8'*=%&+'
EB
>%/0"3*?.("*>(10"3*@%$"A('5%'*81*=%&+'3*BCDa *)*d"*#12#"*'/"*2'%.
!"#$%$&'()*+,*(-./0+/'(12(34'(%2(5'(62(7789:'(3;;9
E1$%$(A,*.F/(<?#$
#"
8'&%*.#*#'/.'&*818%4'8"*U*@*4P'"*(@P)"#*3*0'&+16*$1&'*%#%/c/4%'*8'
EE
4(%'PQ"*8'*V24"&'*81*z'(#S4%')
?.0('*$.N&%4'PQ"*81*BCDB*5"%*'*>'*;&4"#*(2(3$20"*(+*4"%*(2S4'*,)*
)2( ?&'"$0( #$;7K%)"$0( 7*'*( )*'( #$;$)")*)2( *$0( 7'"%#"7"*%4203* 81* <'/"1&
r"'H.%#* 8ƒ?&%+1%('* !'(8"2")* ?* 47'#'(%6* 81* H.1* "* +"&.#1* 0('(%'
[4"#"8%8'81*'"2*$(%/4%$%'/012]*R*$1(51%0'#1/01*4"((12$"/81/01*U
8%#1/2Q"*[$"(0S0%&]*8"*!"#"$%&'"$3*N1#*4"#"*U*'%/8'*#1/"(*8%#1/2Q"
8"*<Q)"-$(<'";"%*1)*?*$(T&"A"*-.20%5%4'*'*%#$"(0f/4%'3*.#'*+16*H.1*'
&;/A.'*&'0%/'*21(%'
[8%A/'*8'*'22;8.'*'$&%4'PQ"*8'*r.+1/0.81*Z('2%&1%('3*'*H.1#*R*818%4'8"
1201*!"#$c/8%"3*1#*H.1*21*$(101/81*1e4&.%(*"*2.$R(5&."3*1*'$(121/0'(*0Q"
ED
2"#1/01*"*/14122S(%"3*1*%/8%2$1/2S+1&]
>1&"*H.1*21*"N21(+'3*.#'*12$R4%1*81*12$;(%0"*$(S0%4"*7'+%'*21
8%221#%/'8"*$"(*'&%)*=1*'*>'*;&4"#*(/'*0"12"'**81*BCoa3*#1/4%"/'8'
'4%#'3* 81* 5'0"* 5"%* $.N&%4'8'3* $"81* 01(* 21A.%8"* 1e'0'#1/01* 'H.1&'
81#'/8'* $"(* #'01(%'&* %#$(122"* '* 21(* .0%&%6'8"* /'2* $(S0%4'2
18.4'4%"/'%23* 1#* &%+("2* #'%2* '4122;+1%23* 81* $("8.PQ"* &"4'&3
4"#$1/8%'/8"* ".* 2%#$&%5%4'/8"* +"&.#12* 0('6%8"2* 81* >"(0.A'&)* ?
'8-10%+"* [N('2%&1%("]3* /"* 0;0.&"3* 01(%'* '22%#* $(%/4%$'&#1/01* 1221
2%A/%5%4'8")
^1* '.0"(%'* 81* r"2R* !'(&"2* <'(%/x3* 5"%* $.N&%4'8"* 1#* BCDC* "
Eo
<$;7K%)"$( 2S71"#*4"?$( 0$5'2( $( ;P4$)$( )2( 2%0"%$( ;T4.$ )* ?* '.0"(3* '$T2
1e$1(%c/4%'*/'*!"(013*$("4.('+'*'$(121/0'(*81*5"(#'*N'20'/01*"N-10%+'
H.'%2*'2*4"/8%PY12*$'('*H.1*21*'$&%4'221*"*#R0"8"3*%/8%4'/8"*81281
'*8%#1/2Q"*'81H.'8'*8'2*2'&'2*81*'.&'3*"*#"N%&%S(%"*12$14%'&*1*2.'
8%2$"2%PQ"3*'0R*"*$&'/1-'#1/0"*810'&7'8"*8'2*'0%+%8'812*8"2*'&./"2
1*8"2*$("5122"(12)
V/4"/0(1%*$.N&%4'PY12*8'*@%$"A('5%'*81*=%&+'*1/0(1*"*$1(;"8"*81
BCEC*1*BCoB)*=Q"*+"&.#12*N'20'/01*2%#$&123*21#*/1/7.#*8120'H.1
H.'/0"*U*H.'&%8'81*A(S5%4')*>12H.%2'2*#'%2*#%/.4%"2'2*/"2*'(H.%+"2
1*N%N&%"014'2*#%/1%('2*$"81#*+%(*'*(1+1&'(*.#'*$"22;+1&*4"/0%/.%8'81
/'*'0%+%8'81*8"*0%$TA('5")
!"#$%$&'()*+,*(-./0+/'(12(34'(%2(5'(62(7789:'(3;;9
<"=&(>$+?$(@$(A?.1$()?%,*(/(*(Q?R?*%S+?*(@/(<=%0"$(M+$&?./?+$222
,*$%20'*81*H.1*'*4%(4.&'PQ"*81*%#$(122"2*1*124(%0"2*#"8%5%4'*'2
(1&'PY12*81*$"81(3*'$"/0'8'3*$"(*1e1#$&"3*$"(*_"A1(*!7'(0%1(3*$"81
21(*21A.%8')*?*4"/41%0"*81*$(S0%4'2*8'*124(%0'3*%/20%A'/8"*"*"&7'(*$'('
'2* 5"(#'2* 81* $("8.PQ"3* &1%0.('* 1* '$("$(%'PY12* 4"#$&1#1/0'* "
4"/714%#1/0"**2"N(1*'2*H.120Y12*7%20T(%4'23*$"22%N%&%0'/8"*+%2&.#N('(
5'410'2*81*.#'*4.&0.('*$"&;0%4'*2%/A.&'()
,* H.120Q"* 8'2* 0%$"A('5%'2* $("+%/4%'%2* 0'&+16* '-.81* 0'#NR#* '
1/01/81(* "* "N-10"* 81201* '(0%A")* =1A./8"* K'&&1|1&&3* /'* $(%#1%('
#10'81*8"*2R4.&"*WXW*'2*4'$%0'%2*8'2*$("+;/4%'2*#'/0%/7'#*'0%+%8'812
0%$"A(S5%4'2* 4"#* 41(0'* '.0"/"#%'3* N1#* 4"#"* (1&'4%"/'+'#\21
8%(10'#1/01*4"#*'*V.("$'*/"*4'2"*8"*4"#R(4%"*81*&%+("2)*V#*<%/'23
7".+1*.#'*%/%4%'0%+'*N'20'/01*%/01(122'/013*81*#"/0'A1#*0"0'&#1/01
&"4'&*81*.#'*"5%4%/'*0%$"A(S5%4'*$"(*r)*r)*L%1A'2*1*<'/.1&*r"2R*Z'(N"2'
>%#1/0'* 1* ='&* 9„F3* 47'#'8'* * @%$"A('5%'* >'0(;4%'* 81* Z'(N"2'* 1* !%')
K'&&1|1&&*'5%(#'*H.1*122'*$("8.PQ"*&"4'&*01/81.*'*814&%/'(*4"#*'
1e$'/2Q"* 8"2* #1%"2* 81* 0('/2$"(013* $'22'/8"* '* 4"#$10%(* 4"#* '
$("8.PQ"*8'*!"(01)*?*4"/01#$"(f/1"*_%47'(8*Z.(0"/*+%.*'*#12#'
('6Q"*$'('*'*8%#%/.%PQ"*8'*'0%+%8'81*0%$"A(S5%4'*&"4'&J*[,0.'&#1/013
"*'.#1/0"*8'2*4"#./%4'PY12*4"#*'*#10(T$"&1*(18.6%.*'2*0%$"A('5%'2
'*.#'*2T3*U*[@%$"A('5%'*8"*<%/'2*l1('%2])*?*(1&'0"*81*Z.(0"/*5'6
$1/2'(*H.1*=%&+'*>%/0"*01(%'*2%8"*"*8"/"*8122'*0%$"A('5%'3*#'2*R*.#'
$%20'*#.%0;22%#"*+'A'3*$"81/8"*21(*5'&2')
;%0*"$()2(#$%#1.0<$=
>(?@$)$(-2'*1()2(02%4"'A(2($0(8'*-@2%4$0(*1B2"$0
,*0;0.&"*81*1/2'%"*81*4"/4&.2Q"3*A"20'(%'*81*(10"#'(*'*%8R%'*81
X&#'(*_"7&"55*81*<'00"2*'41(4'*8'*[5"(#'PQ"*8"*$"+"]3*$'('*"/81
0'&+16*$"22'#*4"/+1(A%(*'2*H.120Y12*8'*%81/0%8'81*/'4%"/'&3*1*$"(
1e01/2Q"*'*8'*&;/A.'*/'4%"/'&3*'*H.120Q"*8'*%/20(.PQ"*$nN&%4'*1*'2
'0%+%8'812*8'*%#$(1/2'3*4"#"*51/t#1/"2*(1&'4%"/'8"2*U*5"(#'PQ"
8"* V20'8"* %#$1(%'&3* 1* '"2* 4"/5&%0"2* 1* 01/2Y12* '8+%/8"2* 8'H.1&'
1e$1(%c/4%')*V#*$'('&1&"3*#'/01/7'#"2*'*/"PQ"*81*H.1*.#*8%4%"/S(%"
4"/20%0.%*.#'*$(S0%4'*8%24.(2%+'3*H.1*01#*%#$&%4'PY12*1*4"/21Hqc/4%'2
$'('*'*+%8'*2"4%'&)
!"#$%$&'()*+,*(-./0+/'(12(34'(%2(5'(62(7789:'(3;;9
##
E1$%$(A,*.F/(<?#$
#$
,*%/20(.PQ"*$(%#S(%'*1*A('0.%0'*R*#1/4%"/'8'*/'*!"/20%0.%PQ"
8"* X#$R(%"3* 1* 5"%* +%20'* $"(* 8%(%A1/012* 4"#"* .#'* [A'('/0%'
4"/20%0.4%"/'&])* V#* BCEa3* 5"%* 1&'N"('8'* .#'* &1%* 21A./8"* '* H.'&
81+1(%'#*21(*4(%'8'2*124"&'2*81*$(%#1%('2*&10('2*/'2*+%&'23*4%8'812*1
&.A'(1-"2*8"*X#$R(%")*@'&+16*'*$("+;/4%'*81*<%/'2*l1('%2*01/7'*2%8"
.#'*8'2*H.1*#'%2*21*1#$1/7'('#*/122'*$("$"20')*^1*'4"(8"*4"#
.#'*120'0;20%4'*'$(121/0'8'*1#*BCbm*$1&"*#%/%20("*8"*X#$R(%"3*122'
$("+;/4%'*1('3*81*&"/A13*2.$1(%"(*1#*/n#1("*81*120'N1&14%#1/0"2*81
1/2%/"*1*81*'&./"23*H.1*2"#'+'#*H.'21*B`*#%&3*1/H.'/0"*/'*Z'7%'
4"/0'+'\21*H.'21*C*#%&*'&./"23*/"*<./%4;$%"*8'*!"(013*H.'21*a*#%&3*1
Eb
1#*#.%0'2*".0('2*1221*/n#1("*1('*%/51(%"(*'*H.'0("*#%& )**d'*8R4'8'
81*BCDj*1221*1/+"&+%#1/0"*4"#*'*%/20(.PQ"*$'(14%'*-S*21(*#'/%5120")
?*4"#1/0S(%"*81*_'%#./8"*8'*!./7'*<'0"2*R*N'20'/01*%/01(122'/01
$"%23*'&R#*8"*/n#1("*81*'&./"2*H.1*5(1Hq1/0'+'#*120'N1&14%#1/0"2
$nN&%4"2*1*$'(0%4.&'(123*1&1*#1/4%"/'*$"01/4%'&#1/01*.#*4"/0%A1/01
#.%0"*#'%"(*81*7'N%0'/012*H.1*2'N1(%'#*&1(*1*124(1+1()*^1*5'0"3*/122'
4%0'PQ"*(11/4"/0('#"2*'*%8R%'*81*[81(('#'(*'*%/20(.PQ"*$"(*0"8'2*'2
Em
4&'2212] )
[V20'2*/"0;4%'23*1e0(';8'2*81*.#*#'$'*4"#*H.1*#1*"N21H.%".*"*%&.20(1
#1#N("*8"*!"($"*:1A%2&'0%+"3**2()*Z'$0%20'*!'10'/"*81*,&#1%8'*9H.1
#.%0"*21*01#*812+1&'8"*/"*#1&7"('#1/0"*4%1/0;5%4"*8'*2.'*$("+;/4%'F3
4"#$(11/81*'2*$122"'2*H.1*120.8'#*/'2*2.'2*4'2'23*$"(*/Q"*$"81(1#
5(1Hq1/0'(*'2*124"&'2*1#*('6Q"*8'2*8%20f/4%'2*1#*H.1*21*'47'#)
V*'8+1(01*$'('*".0('*$(S0%4'*H.1*81+1(%'*21(*&1+'8'*1#*4"/0'3
/.#'*%/01(122'/01*4"/4&.2Q"J
s*#.%0"*41(0"*H.1*0"8"2*"2*7"#1/2*N('/4"23*'*#'%"(*$'(01*8"2*$'(8"23
A('/81* /n#1("* 81* $(10"23* $".4"2* ;/8%"2* 4%+%&%6'8"2* 1* H.'21* 0"8'2* '2
21/7"('2*8%20%/0'23*2'N1#*&1(3*124(1+1(*1*4"/0'()]*9<'0"23*B`CB3*$)*`EF)
,*%#$&'/0'PQ"*8"2*4.(2"2*2.$1(%"(12*/"*Z('2%&*0'#NR#*#"0%+".
0'/0"* '* 8%24.22Q"* 2"N(1* '* &;/A.'* /'4%"/'&3* 4"#"3* '"* $"22%N%&%0'(* '
5"(#'PQ"*&"4'&*8"2*N'47'(R%2*1*8".0"(123*'-.8".*'*4"/2"&%8'(*.#'
&;/A.'*&%01(S(%'*$(T$(%'*9=q221x%/83*B``o3*$)*ob`F)
!"#$%$&'()*+,*(-./0+/'(12(34'(%2(5'(62(7789:'(3;;9
<"=&(>$+?$(@$(A?.1$()?%,*(/(*(Q?R?*%S+?*(@/(<=%0"$(M+$&?./?+$222
?*21/0%#1/0"*81*./%8'81*%'3*'22%#3*$".4"*'*$".4"*21*5"(-'/8")
>'('*124(%0"(12*8'*A1('PQ"*21A.%/01*81*=%&+'*>%/0"3*4"#"*"*!t/1A"
z1(/'/812*>%/71%("3*'*&;/A.'*4"#.#*1('*4"/2%81('8'*"*5'0"(*81*./%Q"
1/0(1*"2*8;2$'(12*1&1#1/0"2*8"*H.1*21*$(101/8%'*4"/41N1(*4"#"*.#
4"/-./0")*=.'*8%5.2Q"*21(%'*.#'*5"(#'*81*(18.6%(*"2*$'(0%4.&'(%2#"23
81*A"+1(/'(*$1&"*4'#%/7"*8'*%/4"($"('PQ"*'*.#'*%#'A1#*81*./%8'81)
,0('+R2*8'*&;/A.'3*'2*(1A%Y12*21*./%'#3*&%+(12*1*124('+"2*0"(/'+'#\21
#1#N("2*91#N"('*21#$(1*8%51(1/4%'8"2F*81*.#'*4"#./%8'81)*V22'
"$%/%Q"*A1/1('&%6'+'\21*1/0(1*"2*8%(%A1/012)*G#*$(12%81/01*8'*$("+;/4%'
81*<%/'2*l1('%23*1#*#1'8"2*8"*2R4.&"3*'22"4%'+'*'*4(%#%/'&%8'81*U
[%A/"(f/4%'*8"*%8%"#'*/'4%"/'&]J
*[,+.&0'#*/"2*#'$'2*4(%#%/'%23*4"#"*5%4'*1e$"20"3*"2*'01/0'8"2*4"/0('
'*21A.('/P'*%/8%+%8.'&3*"*.2"*81*'(#'23*1*'&A./2*4"/0('*'*$("$(%18'813*1
4"#"*21*+c*0'#NR#*'*#"(*$'(01*8"2*(R.2*R*120('/7'*'"*4"/714%#1/0"*8"2
Ea
$(%#1%("2*(.8%#1/0"2*8'*&;/A.'*/'4%"/'&) ]
<'2* "2* 4"/5&%0"2* 01%#'+'#* 1#* '$'(141(3* N1#* 4"#"* ".0('2
#1#T(%'2* 1* ".0('2* &;/A.'23* 8%2$.0'/8"* 4"#* "* %8%"#'* $"(0.A.c23
2"N(1*"*H.'&*"2*N('2%&1%("2*H.1(%'#*1e1(41(*21.*8%(1%0"*81*71('/P'3
&.A'(12*$(T$(%"2*81*2"4%'N%&%8'81)*!"#"*-S*124(1+1('*r"2R*K"/T(%"
_"8(%A.123*1#*'(0%A"*H.1*2.A1(1*A('/81*$"01/4%'&*81*$12H.%2'2*'%/8'
/Q"*5"%*81+%8'#1/01**21A.%8'2J
*[V#**.#'*2"4%18'81*8%+%8%8'*1#*4'20'23*('P'2*1*4&'22123*1#*.#*$';2*4"#"
"* Z('2%&* "/813* $"(* 0(c2* 2R4.&"2* '2* +S(%'2* &;/A.'2* 8"2* %/8;A1/'2* 1* 8"2
%#%A('/012*'5(%4'/"2*&.0'('#*4"/0('*.#'*n/%4'*&;/A.'*N('/4'3*/Q"*$"81(%'
7'+1(*$'6*&%/Aq;20%4'*".*4.&0.('&*#12#"*H.'/8"*"*$("4122"*8'*./%5%4'PQ"
&%/Aq;20%4'*-S*1('*1+%81/01]*9_"8(%A.123*B`Cb3*$)*baF)
d"*!"#"$%&'"$()*(+,%-.*(/'*0"12"'**/Q"*7S*'*1/0('8'*[N('2%&1%("])
>"(0.A.c23* 0'/0"* 1#* =%&+'* >%/0"* 4"#"* 1#* <"('%23* 0c#* '$1/'2* "
21/0%8"*81*#"18'*H.1*4%(4.&'+'*/"*01#$"*81*^)*<'/.1&)*,*815%/%PQ"
81*%*NE$*21A.1*81*$1(0"*'*81*<"('%23*1#N"('*01/7'*(10%('8"*'*%8R%'*81
&;/A.'*4"#"*.#'*81*2.'2*815%/%PY12)
!"#$%$&'()*+,*(-./0+/'(12(34'(%2(5'(62(7789:'(3;;9
#%
E1$%$(A,*.F/(<?#$
#&
d'PQ")*,*A1/01*81*.#*$';23*".*(1A%Q"3
H.1*01#*:;/A.'3*:1%2*1*l"+1(/"*U*$'(01)
+)A)*d'PQ"*5('/412'3*V2$'/7"&'3*>"(0.\
A.12')* }* l1/01* 81* d'PQ"3* %)1)3
81241/81/01*81*-.81.23*4(%20Q"2*/"+"2)*}
_'P'3*4'20'3*12$R4%1)*9$)*DDE3*0"#"*XXF
d'PQ")*=)*5)*Y12*/"*$&.()*,*A1/01*81*.#'
$';23*H.1*21*A"+1(/'*$"(*2.'2*&1%2*$'(0%\
4.&'(12)* !'20'3* ('P')* >2%42( )2( %*NE$3
^1241/81/01*81*r.81.2
@1(S*"*0%$TA('5"\'.0"(*2.$(%#%8"*'*(151(c/4%'*U*&;/A.'*4"#"
4(%0R(%"* 81* /'4%"/'&%8'81* $"(* 4'.2'* 8'* 12$14%'&* 2%0.'PQ"* 8"* Z('2%&
8%'/01*81*>"(0.A'&g*=1#*$"81(*4"/4&.%(*2"N(1*'*2.'*%/01/PQ"3*+'&1*'
"N21(+'PQ")
d"*!"#"$%&'"$()*(+,%-.*(/'*0"12"'**'$'(141#*#.%0"2*+1(N1012*H.1
812%A/'#*A(.$"2*('4%'%2*1*81*%81/0%8'81J
+,-.,)*z%&7"*81*$'%*#.&'0"3*1*#Q1*/1A('3*".*'"*4"/0(S(%")
+./0120)*?*$(10"*124('+"3*H.1*/'241*1#*4'2'*81*21.*21/7"()*?*'/%#'&*".
'+1*H.1*/'241*1#*$"81(*81*21.*8"/")
345.,60)*!'0%+")*h.1*120S*1#*124('+%8Q")
7,2080)*,8-)*Z"P'&3*(.81)
9,:0;-0)*d'24%8"*/"*Z('2%&)
912,<0)*d'24%8"*81*$(10"*4"#*N('/4'3*".*81*N('/4"*4"#*$(10')*>'(8")
=,.>0?*^1*4"(*1/0(1*N('/4"*1*$(10")*<.&'0")
=.@<0)*K"#1#*$(10")
V22'2*#'(4'2*5%e'('#\21*/'*5"(#'*4"#"*'H.1&'*2"4%18'81*21
(1$(121/0'+')**V('#*#'(4'2*/'0.('&%6'8'23*1*'*$'(0%(*81&'23*#'2*21#
H.120%"/S\&'23*R*H.1*21*N.24'+'*4"/20(.%(*"*#"8"*A1('&*81*21/0%()
!1#* '/"2* '/012* 8'H.1&1* %/01(122'/01* 4"/01e0"3* 1/0(1* BaDB* 1
BaoB3*0'#NR#*/'2*<%/'2*l1('%23*5"('#*1&'N"('8"2*$"(*,/0t/%"*8'
!"20'* >1%e"0"* 8"%2* +"4'N.&S(%"2* #'/.24(%0"2* %/0%0.&'8"2* F1-.%0
*7$%4*;2%4$0()*(1,%-.*(@"%*(#$;(*0(7*1*?'*0(7$'4.-.20*0(#$''207$%)2%420*1
:5'*(M$?*()2(+,%-.*((>2'*1()2(@"%*6(4'*).U")*(*$(%$00$(")"$;*)*,$("$(%"\
#1* 8'* '/S&%21* 51%0'* $"(* =;&+%'* :'('* 812212* #'/.24(%0"2)* >"81#"2
01/0'(*0('P'(*.#'*2R(%1*1/0(1*.#*#"#1/0"*1*".0("3*1*1/01/81(*.#
$("4122"*&"/A"*1*$"/0.'8"*81*4"/5&%0"23*1#*H.1*'$'(141*'*H.120Q"*8'
%81/0%8'81* 1* 8"* $"81(* /.#'* 2"4%18'81* 124('+%20')* * @('8.6%(* $'('
!"#$%$&'()*+,*(-./0+/'(12(34'(%2(5'(62(7789:'(3;;9
<"=&(>$+?$(@$(A?.1$()?%,*(/(*(Q?R?*%S+?*(@/(<=%0"$(M+$&?./?+$222
4"/+1(01(*21(%'#*'2*'PY12*$(%/4%$'%2*8'H.1&12*120.8"23*H.1*+%2'(%'#
'4%#'*81*0.8"*U*4"/0%/.%8'81*8"*8"#;/%"*21/7"(%'&)*,/012*81*#'%2
/'8'3* 4.#$(%'* 1/01/81(* '* 5'&'* 8"* ".0("3* 4"#"* 5"(#'* 81* #1&7"(
4"/0("&S\&"3*1*4"#"*8%6%'*"*'.0"(J*[21*0"8"2*"2*21/7"(12*81*124('+"2
9uF* 2".N1221#* 120'* &%/A.'A1#3* /Q"* 2.4181(%'#* 0'/0"2* %/2.&0"23
(.;/'23*120('A"23*(".N"23*#"(012*9uF]*9:'('3*EjjE3*$)*EB`F)
,H.1&1*1('3*$"(0'/0"3*.#*#"#1/0"*81*5"(P'*8'*&;/A.'*21/7"(%'&)
,"*&"/A"*8"*2R4.&"*WLXXX3*'*%#$&'/0'PQ"*8'*&;/A.'*$"(0.A.12'*/"
Z('2%&* 4"/20%0.%.* .#'* $"&;0%4'* 1e$&;4%0'* 1#* .#'* 2R(%1* 81* #18%8'2
#10("$"&%0'/'23*4.&#%/'/8"*/'2*(15"(#'2*$"#N'&%/'2*9<'(%'/%3*EjjoF)
<'2* '* &;/A.'* 21/7"(%'&* #"8%5%4'+'\21* &1/0'#1/013* 1* $'22".* '* 21(
'$("$(%'8'*$"(*.#'*".0('*4&'221*21/7"(%'&3*'*8"*X#$R(%"*8"*Z('2%&3
$'('*'*H.'&*"2*2%A/%5%4'8"2*81*124('+"23*$(10"23*#.&'0"23*4'&7'#N"&'23
4'5(123* 4'N('23* 4(%".&"2* $".4"* #.8'('#)* * ,* ./%8'81* $"&;0%4'* 8"
X#$R(%"*8"*Z('2%&3*(11&'N"('/8"*'2*71('/P'2*8"*X#$R(%"*$"(0.A.c23
1e14.0".* .#* #"+%#1/0"* %/01(/"* 81* 1e$'/2Q"* /'* +1%4.&'PQ"* 81
+'&"(123*#1#T(%'23*%#'A1/2*H.1*'0('+122'+'#*'*&%01('0.('3*'*7%20T(%'3
'*'(013*'*&;/A.'*/'4%"/'%2)*?*X#$R(%"*4"/20(.%.*'*d'PQ"3*$("4.('/8"
8"#%/'(*'2*[/'PY12]*%/01(/'23*"2*$'(0%4.&'(%2#"23*'2*".0('2*71('/P'2
8'*4"&"/%6'PQ"*9<'00"23*EjjbF)*^1*H.'&H.1(*5"(#'3*'22%#*4"#"*'2
8%2$.0'2*2"4%'%2*0%+1('#*4"/0%/.%8'813*'*8%2$.0'*4"#*'*7101("A1/1%8'81
&%/Aq;20%4'*0'#NR#*%(S*4"/0%/.'()
>("4.(1%* 'H.%* 4"#$%&'(* &1%23* $'$R%23* 5('A#1/0"2* '&71%"2)* d"
1/0'/0"3*/Q"*$'('*[5'61(*.#*0"8"]3*/1#*.#'*[7%20T(%'*A1('&])*z"%3
#'%23*$'('*'01/0'(*$'('*"2*H.1*4"/0%/.'('#*12$'(2"2)
_141N%8"*DB*81*-.&7"*81*Ejjm
,$("+'8"*ED*81*/"+1#N("*81*Ejjm
!"#$%$&'()*+,*(-./0+/'(12(34'(%2(5'(62(7789:'(3;;9
#'
E1$%$(A,*.F/(<?#$
$(
C20.@$
?*'(0%A"*0('0'*8"*!"#"$%&'"$()*(+,%-.*(/'*0"12"'*3*$.N&%4'8"*1#*?.("*>(10"*1#*BCDE)*?
21.*'.0"(*5"%*:.;2*<'(%'*8'*=%&+'*>%/0"3*H.1*1('*0'#NR#*"*8"/"*8'*@%$"A('5%'*81*=%&+')
dT2*$("$"#"2*8.'2*120('0RA%'2*$'('*'*%/+120%A'PQ")*,*$(%#1%('*4"/2%20%(S*1#*'/'&%2'(
"* $(T$(%"* 8%4%"/S(%"3* 4"#1/0'/8"* "* 21.* 0;0.&"3* "2* 21.2* +1(N1012* 1* '&A.#'2* ".0('2
4'('401(;20%4'2)*,*21A./8'*120('0RA%'*21(S*12N"P'(*.#*21/0%8"*#'%2*'#$&"3*(1&'4%"/'/8"
'*$.N&%4'PQ"*8"*+"&.#1*'*'&A./2*$("N&1#'2*7%20T(%4"2*&%A'8"2*U*5"(#'PQ"*8"*V20'8"
%#$1(%'&3*U2*%8R%'2*81*/'4%"/'&%8'81*1*U*4.&0.('*$"&;0%4'3**1*'"*4"/-./0"*81*$(S0%4'2*8'
124(%0'*/'2*$(%#1%('2*8R4'8'2*8"*2R4.&"*WXW3*'$"/0'/8"*12$14%'&#1/01*$'('*'*4%(4.&'\
PQ"*8'*$'&'+('*%#$(122'*1*'2*2.'2*%#$&%4'PY12*$'('*"2*4'#%/7"2*1*8124'#%/7"2*8'
5"(#'PQ"*81*.#'*&;/A.'*/'4%"/'&*/"*Z('2%&)
>'&'+('2\47'+12J*&;/A.'*/'4%"/'&3*X#$R(%"3*#120%P'A1#)
CD0.@D
*:ƒ'(0%4&1*'/'&I21*&1*!"#"$%&'"$()*(+,%-.*(/'*0"12"'*3*^%40%"//'%(1*81*&'*:'/A.1*Z(R2%&%1//13
$.N&%R*8'/2*&'*+%&&1*81*?.("*>(10"3*$("+%/41*81*<%/'2*l1('%23*U*BCDE)*:ƒ'.01.(3*:.;2
<'(%'*8'*=%&+'*>%/0"3*R0'%0*'.22%*&1*$("$(%R0'%(1*81*&'*0I$"A('5%13*'$$1&R1*@%$"A('5%'*81
=%&+')*^1.e*471#%/2*8ƒ%/+120%A'0%"/*2"/0*$("$"2R2)*^ƒ'N"(83*"/*0".471('*H.1&H.12
4'('401(%20%H.12*%/01(/12*'.*8%40%"//'%(1*9&1*0%0(13*&12*1/0(R12*104)F)*V/*#c#1*01#$23*"/
122'%1*8ƒ%/01($(R01(*&1*21/2*A1('&*8.*+"&.#1*'*$'(0%(*812*$("N&R#12*7%20"(%H.12*('$$"(0R2
U*&'*5"(#'0%"/*81*&ƒV0'03*'.e*%8R12*81*/'0%"/'&%0R*10*81*4.&0.(1*$"&%0%H.13*10*'.e*$('0%H.12
81*&ƒR4(%0*+1(2*BCDj)*!10*1/21#N&1*5'%0*+"%(*&1*('$$"(0*1/0(1*&'*4%(4.&'0%"/*8.*#'0R(%1&
%#$(%#R*10*&1*$("4122.2*81*5"(#'0%"/*8ƒ./1*&'/A.1*/'0%"/'&1*'.*Z(R2%&)
E$4*0
k*^".0"('*1#*K%20T(%'3*>12H.%2'8"('*!d>H)*V\#'%&*%+'/'…(N)A"+)N(
B
*V20'*$12H.%2'*(141N1.*(14.(2"2*8"*!d>H)*?2*A('8.'/8"2*1#*K%20T(%'*/'*>G!\_%"
X(%2*,/A1&'*,&+12*81*?&%+1%('3*N"&2%20'*8'*z./8'PQ"*!'2'*81*_.%*Z'(N"2'3*1*V8.'(8"
_"1&23* N"&2%20'* X!\!d>H3* 4"&'N"('('#* /'* $12H.%2')* Z(./"* l%'/163* A('8.'/8"* 1#
K%20T(%'*8'*Gz?>3**'-.8".*1#*'&A./2*&1+'/0'#1/0"2*1#*'(H.%+"2*81*?.("*>(10")
,A('81P"*'2*4"/0(%N.%PY12*81*†'"(%*†"8'#'*1*:'.('*8"*!'(#")*G#'*+1(2Q"*2%/0R0%4'
81201*'(0%A"*5"%*'$(121/0'8'*/"*21#%/S(%"*>"R0%4'2*8"*X/+1/0S(%"3*z./8'PQ"*!'2'*81*_.%
Z'(N"2'3*1#*Bp*81*-./7"*81*Ejjm)
E
*_12$140%+'#1/01J*d%4"&'.*_"8(%A.12*8"2*='/0"2*z('/P'*1*:1%013*:(3="1*%4'$7$3*BD*81
=101#N("*81*BCbj3*/p*amv*r"2R*Z"/%5S4%"*81*,/8('8'*1*=%&+'3*V27'202%4*NE$(W(F002;51P"*
>2'*1(<$%04"4."%42(2(+2-"01*4"?*(0$5'2(*(G0#'*?*4.'*)*>'(%23*z%(#%/*^%8"03*BCEb3*$)*BED\BEmv
!"#$%$&'()*+,*(-./0+/'(12(34'(%2(5'(62(7789:'(3;;9
<"=&(>$+?$(@$(A?.1$()?%,*(/(*(Q?R?*%S+?*(@/(<=%0"$(M+$&?./?+$222
:1"$"&8"*!12'(*Z.(&'#'H.13*4%0'8"*$"(*!R&%'*,61+18"3(:%)*(%2-'*(;2)$(5'*%#$X($(%2-'$
%$(";*-"%&'"$()*0(21"420(%$(0P#.1$(YOY9(_%"*81*r'/1%("3*>'6*1*@1(('3*B`Ca3*$)*oDv*r"2R*81
,&1/4'(3*>T2\V24(%0"*U*21A./8'*18%PQ")*X/J*O'*#2;**i*V8%PQ"*8"*!1/01/S(%"3*_%"*81
r'/1%("3*Xd:3*B`mb3*$)*Eoo)
D
*>Xd@?3*:.;2*<'(%'*8'*=%&+')*!"#"$%&'"$()*(+,%-.*(/'*0"12"'*)*@%$"A('5%'*81*=%&+'3*?.("
>(10"3*BCDE)*?*+"&.#1*5"%*4"/2.&0'8"*/'*21PQ"*81*?N('2*_'('2*8'*Z%N&%"014'*d'4%"/'&)
,*="4%18'81*l"%'/'*81*!.&0.('*516*.#'*18%PQ"*5'4\2%#%&'(*81221*8%4%"/S(%"*1#*B``m3
#'2*"*(12.&0'8"*/Q"*R*$1(51%0'#1/01*&1A;+1&J*>%/0"3*:.;2*<'(%'*8'*=%&+')*^%4%"/S(%"*8'
:;/A.'* Z('2%&1%(')* l"%f/%'3* ="4%18'81* l"%'/'* 81* !.&0.('3* X/20%0.0"* 81* >12H.%2'2* 1
V20.8"2*K%20T(%4"2*8"*Z('2%&*!1/0('&3*!1/0("*81*!.&0.('*l"%'/'3*B``m)*bCC*$)
o
*_1&'0T(%"*8"*>(12%81/01*81*>("+;/4%'**81*<%/'2*l1('%23*'/"*81*BCba)*?.("*>(10"3
@%$"A('5%'*>("+%/4%'&3*BCba)*[V20'/8"*+'A"2*"2*4'(A"2*81*^%(10"(*l1('&*8'*X/20(.PQ"
>nN&%4'3*1*81*L%41\^%(10"(3*/"#11%*$"(*>"(0'(%'*81*B`*81*-.&7"3*1*8"*Bp*81*=101#N("*81
BCbm*"*8()*r"'H.%#*^1&5%/"*_%N1%("*8'*:.6*$'('*"*$(%#1%("3*9uF*1*"*!%8'8Q"*:.;2*<'(%'
8'*=%&+'*>%/0"*$'('*"*21A./8"9uF])
b
*,&A.#'2*%/5"(#'PY12*2"N(1*=%&+'*>%/0"3*1#*8%51(1/012*01e0"23*2Q"*%/4"/A(.1/012)
@'(H.;/%"*?&%+1%('*'5%(#'*01(*21*N'21'8"*$(%/4%$'&#1/01*1#*%/5"(#'PY12*81*!'22%"
:'/'(%3*21#*$"(R#*%/8%4'(*'&A.#*01e0"*$.N&%4'8")*?2*+"&.#12*81*X/"4c/4%"*=%&+'*1
='4('#1/0"*Z&'x1*'$(121/0'#*%/5"(#'PY12*A1('%2)*V#N"('*01/7'*2%8"*2T4%"*8"*XKlZ3
'*n/%4'*#1/PQ"*'*1&1*/'*4"&1PQ"*8'*_1+%20'*8"*X/20%0.0"3*'$'(141*1#*.#'*&%20'*81*2T4%"2
5'&14%8"2)*d1/7.#*8"4.#1/0"*5"%*1/4"/0('8"*/"*'41(+"*8"*X/20%0.0")*>("+'+1&#1/01
1&1*#'/01+1*4"/0'0"*4"#*_'%#./8"*8'*!./7'*<'0"23*.#*8"2*5./8'8"(12*8"*XKlZ3
H.1*81+1*01(*'A1/4%'8"*'*'22"4%'PQ"*81*=%&+'*>%/0"3*#'2*/Q"*1/4"/0(1%*#'%2*$%20'2*/1201
21/0%8")*=1A./8"*?&%+1%('3*1&1*/'241.*/"*'(('%'&*81*<1%'*>"/013*1#*l"%S23*$"(*+"&0'*81
BaCa)*=1A./8"*"*>1)*>1(1%('3*"*&"4'&*21(%'*'*L%&'*8"*>%&'(3*1*'*8'0'3*Baab)*d'2*5%47'2
4'0'&"A(S5%4'2*8'*Z%N&%"014'*d'4%"/'&*"*'/"*81*/'24%#1/0"*5"%*BaaD)*?*/"#1*8"*$'%
0'#NR#*+'(%'J*r"Q"*='/0'/'*81*=%&+'*>%/0"3*$'('*.#3*1*:.%6*=%&+'*>%/0"*$'('*"*21A./8"3
H.1*0'#NR#*'5%(#'*01(*2%8"*"*$'%*[#"(0"*$1&"2*;/8%"2])*_%47'(8*Z.(0"/*%/8%4'*H.1*=%&+'
>%/0"*120'(%'*&%A'8"*U*0%$"A('5%'*8"*<%/'2*l1('%23*$"(*+"&0'*8'*8R4'8'*81*BCbj)*V&1*'%/8'
5'&'*8"*0%$TA('5"*4"#*.#*4"(4./8'3*.#*.&0('4"/21(+'8"(3*H.1*01(%'*#1#T(%'2*2"N(1*"2
'4"/014%#1/0"2*81*BaC`)
_14.$1(1%*$".H.;22%#'*5"(0./'*4(;0%4'*(1&'0%+'*'"*!"#"$%&'"$()*(+,%-.*(/'*0"12"'*)*,&R#*8"
H.1*120S*4%0'8"*'"*&"/A"*8"*'(0%A"3*H.1*4"/2%201*'$1/'2*1#*#1/PY12*'"*+"&.#13*1e%201
.#'*/"0'*/"*Z"&10%#*8'*Z%N&%"014'*>nN&%4'*:.;2*81*Z122'3*Z;(?21=$()"#"$%&'"$(";7'200$(2;
@"%*0)*,;*1/4"/0('\21*'*(151(c/4%'*'*.#*'(0%A"*81*V8.'(8"*z(%1%("3*4"#*"*#12#"*0;0.&"3
$.N&%4'8"*/"*@"%*0(>2'*"03*1#*EB*81*'N(%&*81*B`oE3*#'2*1201*/n#1("*/Q"*4"/20'*8'
4"&1PQ"*81*$1(%T8%4"2*8'*Z%N&%"014'*d'4%"/'&)
="N(1*'*@%$"A('5%'*81*=%&+'3*'2*%/5"(#'PY12*1#*K'&&1|1&&**0'#NR#*2Q"*H.'21*/.&'23*$"%2
1&1*'$"/0'*H.1*'*$(%#1%('*$.N&%4'PQ"*8'0'(%'*'$1/'2*81*BCDb)*,22%#3*"*H.'8("*'H.%
0('P'8"* 5"%* (12.&0'8"* 81* $12H.%2'* 8%(10'* /"* '41(+"* 8'* Z%N&%"014'* d'4%"/'&* 1* 1#
%/20%0.%PY12*1#*?.("*>(10"*1*<'(%'/'*9Z%N&%"014'*8'*!'2'*8"2*!"/0"23*Z%N&%"014'*8'
!'2'*=10141/0%20'*8"*>%&'(*81*?.("*>(10"3*1*"*<.21.*8"*:%+("3*'/0%A'*Z%N&%"014'*8"2
Z%2$"2*81*<'(%'/'F3*"/81*'*4'0'&"A'PQ"*%/4"#$&10'*".*#12#"*%/1e%201/01*2.A1(1*H.1
!"#$%$&'()*+,*(-./0+/'(12(34'(%2(5'(62(7789:'(3;;9
$)
E1$%$(A,*.F/(<?#$
$*
0'&+16*'%/8'*".0("2*+"&.#12*$"22'#*21(*&"4'&%6'8"2)*?*,(H.%+"*>nN&%4"*<%/1%("*1*'
Z%N&%"014'*>nN&%4'*:.;2*81*Z122'*$"81#*0'#NR#*A.'(8'(*'&A"*$("8.6%8"*$"(*=%&+'
>%/0"*".*$1&'*@%$"A('5%'*81*=%&+')*9?&%+1%('3*B`CDv*L1%A'3*BC`C*1*B``C3*<'(%'3*B``mv
Z.(0"/3*B`amv*_1+%20'*8"*X/20%0.0"*K%20T(%4"*1*l1"A(S5%4"*Z('2%&1%(")*@"#"*oa3*BCCo3
$)*bD`v*G#*+1&7"*8%4%"/S(%"*%#$(122"*1#*<%/'2)(/$124";()*(/"51"$42#*(3T51"#*(3'$H9(+.,0
)2(/200*)*Z1&"*K"(%6"/013*X#$(1/2'*?5%4%'&*81*<%/'2*l1('%2)*,/"*X3*-.&7"*81*B`aj3*/)*Bv
K'&&1|1&&3*B`Cbv*Z&'x13*BC`D\B`jEv*=%&+'3*BCmjF
m
*,*;/01A('**8"*>(T&"A"J
>Xd@?3*:.;2*<'(%'*8'*=%&+')*^%4%"/S(%"*8'*:;/A.'*Z('2%&1%(')*@%$"A('5%'*81*=%&+'3*?.("
>(10"3*BCDE)
,* ('(%8'81* 8"* ^%4%"/S(%"* 8"* /"22"* %8%"#'3* 1#N"('* 7'-Q"* 8%51(1/012
18%PY12* 8"* z&.#%/1/21* ,/0t/%"* 81* <"('12* =%&+'3* 1* 81* #.%0"2* ".0("2
:1e%4TA('5"23*#1*2.A1(%.*"*$("-10"*81*%#$(%#%(*1201*'.e%&%'/01*8'*l('#S0%4'
1*8'*?(0"A('5%')
!"'8-.+'8"*$"%2*4"#*.#'*@%$"A('5%'3*1*N1#*'22%#*%/8.6%8"*$1&"*8121-"
4"#.#*81*'+'/P'(*'"*T0%#"3*1#$(11/8%*'*18%PQ"*'/./4%'8'*1#*BCE`)
?* /n#1("* 8"2* =(2)* ,22%/'/012* 8120'3* 1* #'%2* >("+;/4%'2* 8"* X#$R(%"
1e4181.* '"* H.1* $'(141('* $(14%2"* $'('* 21A.('(* '2* 812$12'23* 1* $"(* %22"
$("418%*&"A"*U*4"#$('*81*$'$1&*2.5%4%1/01)*!"/0.8"*'*(121(+'*81*H.'21
0"8"2*$'('*21*$(120'(1#*H.'/8"*(141N1221#*"2*1e1#$&'(123*#1*21(+%.*81
812$1(0'8"(* 2"N(1* '2* 5'&%N%8'812*H.1* "4"((1(%'#*'0R* 4"#$&1#1/0"* 8'
"N('3*1*81*H.1*$"(*120'*#'/1%('*21(%'*#.%0"*0c/.1*"*$(c#%"*$(14./%S(%"*81
.#*0('N'&7"3*0'/0"*#'%2*S(8."3*1*&"/A"*H.'/8"*4.#$(%'*4"/2.&0'(*0"8"2
"2*L"4'N.&S(%"2*'"*'&4'/413*$'('*4"#*151%0"*8'(*"*8'*:;/A.'*Z('2%&1%('v
%20"*R3*4"#$(11/2%+"*8'2*$'&'+('23*1*5('212*1/0(1*/T2*A1('&#1/01*'8"0'8'23
1*/Q"*2"#1/01*8'H.1&'2*H.1*$("51(1#*"2*w/8%"23*4"#"*21*$(12.#%(')
d120'2*4%(4./20f/4%'23*(120(%/A%*"*#1.*>&'/"3*&1+'/8"*'"*$(1&"*"*$(121/01
^%4%"/S(%"*$"(0S0%&3*H.1*#"8%5%4'(S*'*$1/n(%'*"4"((1/013*1*21(+%(S*81*N'21
'*".0('*18%PQ"*#'%2*'#$&'3*1*(1A.&'(3*21*1201*125"(P"*$'0(%T0%4"*#1(141(
'4"&7%#1/0"3*1*"2*21/7"(12*'#'/012*8'*:%01('0.('*d'4%"/'&*21*8%A/'(1#
1/+%'(*H.'%2H.1(*d"0'2*2"N(1*"2*+"4SN.&"2*"#%22"23*1*815%/%PY12*%/1e'0'23
'"*V8%0"(*/"*?.("*>(10")
a
*Z107'/%'*<'(%'/%*5'6*.#*&1+'/0'#1/0"*N'20'/01*%/01(122'/01*8'2*5"(#'2*81*812%A/'PQ"
8'*&;/A.'*N('2;&%4'3*&;/A.'*A1('&3*&;/A.'*0.$%*104)(<$1$%"U*NE$(+"%-[,04"#*9(!'#$%/'23*>"/0123
Ejjo)
C
*r"'H.%#*d"(N1(0"*81*=".2'*1*=%&+')*,*:;/A.'*Z('2%&1%(')*>.*%*5*'*9(V2?"04*(@2%0*1
F'4,04"#*6(<"2%4,H"#*(2(+"42'&'"*)*@"#"*XXX3*BCbb3*$)*Bjj)
`
* r"'H.%#* d"(N1(0"* 81* =".2'* =%&+')* \"04Q'"*( )*( +"42'*4.'*( 5'*0"12"'*( 2( $.4'$0( 2%0*"$0)
?(A'/%6'PQ"3*'$(121/0'PQ"*1*/"0'2*81*_"N1(0"*,4;61&"*81*=".6')*_%"*81*r'/1%("J*zZd‡
ˆR*<'(%"*V8%0"(3*EjjE3*$)*CC3*A(%5"*#1.*9"*'(0%A"*5"%*$.N&%4'8"*"(%A%/'&#1/01*/'*_1+%20'
>"$.&'(3*'/"*E3*-.&\210*BCmj3*$)*aF)
!"#$%$&'()*+,*(-./0+/'(12(34'(%2(5'(62(7789:'(3;;9
<"=&(>$+?$(@$(A?.1$()?%,*(/(*(Q?R?*%S+?*(@/(<=%0"$(M+$&?./?+$222
Bj
* XKlZ)* ^%4%"/S(%"* Z%"N%N&%"A(S5%4"* 81* K%20"(%'8"(123* A1TA('5"2* 1* '/0("$T&"A"2
N('2%&1%("2)*_%"*81*r'/1%("3*B``m3*+"&)*b3*$)*BBj)
BB
*z"%*$("4.('8'*/'*Z%N&%"014'*d'4%"/'&3*/"*XKlZ3*/"*,(H.%+"*>nN&%4"*<%/1%("3*1*1#
+S(%'2*%/20%0.%PY12*1#*?.("*>(10")
BE
* !'(/1%("3* <'/.1&* Z"(A12)* l('#S0%4'3* "(0"A('5%'* 1* '(%0#R0%4'* $"(0.A.c2)* :%2N"'3
X#$(122Q"*_RA%'3*BCEj)*?N('*4%0'8'*$"(*l"/P'&+123*EjjD3*$)*`bE)
BD
*>(T&"A"*8"*'.0"(*U*$(%#1%('*18%PQ")*,/0"/%"*<"('12*=%&+'3*^%4%"/S(%"*8'*:;/A.'
>"(0.A.12'3*m*O*18)*:%2N"'3*@%$"A('5%'*81*,/0"/%"*r"2R*8'*_"47'3*BCbC3*$)+)
Bo
*Z&.01'.3*_'5'1&)*J$#*5.1&'"$(3$'4.-.K0(2(+*4"%$)*!"%#N('*1*:%2N"'3*BaBE\BaECv*,4'81\
#%'* _1'&* 8'2* !%c/4%'23* * !"#"$%&'"$( )*( +,%-.*( 3$'4.-.20*)* :%2N"'3* @%$"A('5%'* 8'* _1'&
,4'81#%'*8'2*!%c/4%'23*Ba`Dv*Z'41&'(3*Z1(/'(8"*81*:%#'*1*<1&")*!"#"$%&'"$()*(+,%-.*
3$'4.-.20*6(2;(C.2(02(*#=*'E$()$5'*)*0(7*1*?'*0()$(C.2(4'*U(/1.42*.(2(4$)$0($0(;*"0()"#"$%*'"04*0
D.%4$0]* :%2N"'3* ?5%4%/'* 81* r"2R* r"'H.%#* Z.&7Y123* BaCDv* z"/214'3* >18("* r"2R* 8')
!"#"$%&'"$(3$'4.-.K0(2(+*4"%$)*:%2N"'3*_1A%'*?5%4%/'*@%$"A(S5%4'3*BaaB)*9V201*n&0%#"*5"%
0'#NR#*.#*8%4%"/S(%"*N'20'/01*4"/714%8"*1*4%0'8"3*1*01+1*+S(%'2*18%PY12*1#*:%2N"'3
'"*&"/A"*8"*2R4.&"*WXW)
Bb
*,*1e$(122Q"*N('2%&1%(%2#"2*81+1*21(*0'#NR#*'81H.'8'#1/01*4"/01e0.'&%6'8'3*4"#"
$(T$(%'*81*.#'*$("8.PQ"*%/01&140.'&*N'20'/01*5R(0%&*2"N(1*"*%8%"#'*/'4%"/'&3*8'2*n&0%#'2
8R4'8'2*8"*2R4.&"*WXW3*21/8"*H.1*$"81(;'#"2*4%0'(3*'*0;0.&"*81*1e1#$&"3*"2*0('N'&7"2
81*r"Q"*_%N1%("*1*<'418"*="'(12)*L1(*8%24.22Q"*2"N(1*N('2%&1%(%2#"2*1*'5(%4'/%2#"2*1#
>1001(3*EjjB)
Bm
*,.0"(12*H.1*124(1+1('#*2"N(1*4'('401(;20%4'2*8'*&;/A.'*/"*Z('2%&3*/"*2R4.&"*WLXXXJ
r1(t/%#"*!"/0'8"(*81*,(A"01*9V2-'*06(BaEBF3*'$"/0'/8"*8%51(1/P'2*/"*+"4'N.&S(%"v*1
:.;2*8"*<"/01*!'(#1&"*9<$;7K%)"$()2($'4$-'*H"*6BamaF3*8%51(1/P'2*/'*5"/R0%4'*9>%/0"3
B``DF
Ba
*Z&.01'.3*_'5'1&)*L"4'N.&S(%"*>"(0.A.c2*1*:'0%/")*:%2N"'3*?5%4%/'*81*>'24"'&*8'*=%&+'3
BaBm)*L1(*0'#NR#*K1I/1#'//3*EjjD)
BC
*d"*814"((1(*8'*1&'N"('PQ"*81201*'(0%A"3*0%+1*/"0;4%'*81*.#'*8%221(0'PQ"*81*#120('8"
"(%1/0'8'*$"(*r"2R*K"(0'*d./123*/'*G/12$3*818%4'8'*'*1221*+"&.#1)
B`
*<$)2(<'";"%21()2(1BG;7"'2().(/'P0"13*'8"$0R*$'(*&12*47'#N(12*&RA%2&'0%+12*8'/2*&'*2122%"/
81*BCDj)*@('8.%0*$'('*<)*L%40"(*z".4716u*10*$(R418R*8ƒ"N21(+'0%"/2*4"#$'('0%+12
'+14*&1*4"81*$1/'&*5('/P'%2)*>'(%23*:ƒX#$(%#1(%1*("I'&13*BCDo)
Ej
* <Q)"-$( )$( 3'$#200$( <'";"%*1( )2( ^_( O%04R%#"*( )$( O;7P'"$( )$( /'*0"1)* DO* 18)* ?.("* >(10")
_1%#$(122"*/'*@%$"A('5%'*81*=%&+'3*BCDD)
EB
*:.;2*<'(%'*8'*=%&+'*>%/0"3*V&1#1/0"2*81*5'(#S4%'3*H.;#%4'*1*N"0f/%4'3*@%$"A('5%'*81
=%&+'3*BCDa)*9Z%N&%"014'*d'4%"/'&3*XXX*i*BCm3*D3*E`v*"*+"&.#1*5"%*(14.$1('8"*/"*4'0S&"A"
81*$'$1&)
!"#$%$&'()*+,*(-./0+/'(12(34'(%2(5'(62(7789:'(3;;9
$!
E1$%$(A,*.F/(<?#$
EE
$"
*>%/0"3*,/0"/%"*r"2R*81*=".6'3*@*4P'"*(@P)"#*3*@%$"A('5%'*81*=%&+'3*BCDa)*9Z%N&%"014'
8'*!'2'*8"2*!"/0"2F)
ED
*!'(8"2"3*<'/"1&*r"'H.%#*8ƒ?&%+1%(')*l('#S0%4'*1*>"12%'*:'0%/'*1e0(';8'*81*+S(%"2
4"#$c/8%"2*$'('*8'(*4"#"8%8'81*'"2*$(%/4%$%'/012)*?.("*>(10"3*@%$"A('5%'*81*=%&+'3
BCDB)
Eo
*<'(%/x3*r"2R*!'(&"2)*!"#$c/8%"*1e$&%4'0%+"*2"N(1*"*#R0"8"*81*1/2%/"*#n0.")*?.("
>(10"3*@%$"A('5%'*81*=%&+'3*BCEC)
Eb
* _1&'0T(%"* 8"* <%/%20("* 8"2* d1AT4%"2* 8"* X#$R(%"3* _%"* 81* r'/1%("3* @%$"A('5%'* 81
:'1##1(03*BCba3*<'$'*/)*m)
Em
*_1&'0T(%"*8"*L%41\>(12%81/01*8'*>("+;/4%'*8"*_%"*81*r'/1%("3*BCob3*4%0'8"*$"(*X&#'(
<'00"23*$)*Ebm)
Ea
*_1&'0T(%"*8"*>(12%81/01*81*>("+;/4%'*81*<%/'2*l1('%23*z('/4%24"*^%"A"*>1(1%('*81
L'24"/41&"23*BCbb)*?.("*>(10"3*@%$"A('5%'*8"*Z"#*=1/2"3*BCbb)
C282'F%#"*0(G"G1"$-'&8"#*0
G#*+1&7"*8%4%"/S(%"*%#$(122"*1#*<%/'2)(/$124";()*(/"51"$42#*(3T51"#*(3'$H9(+.,0
)2(/200*)*Z1&"*K"(%6"/013*X#$(1/2'*?5%4%'&*81*<%/'2*l1('%2)*,/"*X3*-.&7"*81
B`aj3*/)*B)
,:Vd!,_3*r"2R*81)(O'*#2;*(`(G)"Na20()$(<2%42%&'"$9(Xd:3*B`mb)
Z:,†V3*='4('#1/0")(!"#"$%&'"$(/"51"$-'&H"#$(/'*0"12"'$9(_%"*81*r'/1%("3*X#$(1/2'
d'4%"/'&3*BCCD\B`jE)*EO*18)3*a*+"&2)*_1%#$(122Q"*!"/21&7"*z181('&*81*!.&0.('3
B`aj)
ZG_@?d3*_%47'(83*L%'A1#*8"*_%"*'*<"(("*L1&7"3*Z1&"*K"(%6"/013*X0'0%'%'3
B`am3*4'$)*DC)
!K,_@XV_3*_"A1()*,2*$(S0%4'2*8'*124(%0')*X/J*_"A1(*!K,_@XV_*9"(A)F)
\"04Q'"*()*(?")*(7'"?*)*6(8X()*(V2%*0#2%N*(*$(bP#.1$()*0(+.U209(=Q"*>'.&"3
!"#$'/7%'*8'2*:10('23*B``B)
!?V:K?3*?&A')*:Re%4"3*%81"&"A%'*1*'*7%20"(%"A('5%'*&%/Aq;20%4'*8"*2R4.&"*8'2
%81/0%8'812)(V2?"04*(+24'*0)*EjjD)*BbD\Bmm)
!GdK,3*!1&2")(+,%-.*(7$'4.-.20*(2('2*1")*)2(5'*0"12"'*9(_%"*81*r'/1%("3*@1#$"
Z('2%&1%("3*B`aE)*DO*18%PQ")
!"#$%$&'()*+,*(-./0+/'(12(34'(%2(5'(62(7789:'(3;;9
<"=&(>$+?$(@$(A?.1$()?%,*(/(*(Q?R?*%S+?*(@/(<=%0"$(M+$&?./?+$222
z_‰3*>101(*1*L?l@3*,(/")(<*H.%)Q6(*(cH'"#*(%$(/'*0"1(`(1,%-.*(2(0$#"2)*)29
!'#$%/'2‡=Q"*>'.&"3*G/%4'#$‡!"#$'/7%'*8'2*:10('23*B``m)
lGX<,_ŠV=3*V8.'(8")*,*&;/A.'*$"(0.A.12'*/"*Z('2%&)(<"K%#"*(2(<.14.'*)*ba)
Ejjb)*Eo\EC)
X81#)*=%/"$21*8"2*120.8"2*8"*$"(0.A.c2*/"*Z('2%&)(V21*4$0)*d)*B3*2)8)
lGX<,_ŠV=3*<'/"1&*:.%6*:%#'*='&A'8")*d'PQ"*1*!%+%&%6'PQ"*/"2*@(T$%4"2J
"*XKlZ*1*"*>("-10"*81*.#'*K%20T(%'*d'4%"/'&)(V2?"04*(G04.)$0(\"04Q'"#$0)*L"&)*B3
/)*B3*B`CC)
K,::V‹V::3*:'.(1/41)(:(1"?'$(%$(/'*0"1(d0.*(="04Q'"*e9(=Q"*>'.&"3*@)*,)
h.1%("6‡V^G=>3*B`Cb)
X81#)**!"/51(c/4%'*81*'N1(0.('3*X*=1#%/S(%"*Z('2%&1%("*2"N(1*:%+("*1*K%20T(%'
V8%0"(%'&)*z./8'PQ"*!'2'*81*_.%*Z'(N"2'3*C*81*/"+1#N("*81*Ejjo)
KV‰dV<,dd3*!&'.8%')*?*0(%N./'&*8'2*&10('2J*_'5'1&*Z&.01'.*1*'*4.&0.('
$"(0.A.12'*8"2*2R4.&"2*WLXX*1*WLXXX)(F#2'?$X('2?"04*()$(F'C."?$(M*#"$%*1)*^"22%c
_1&%A%Q"3*+)*Bm3*/n#1("*E)*EjjD)
:,_,3*=%&+%')*:%/A.'A1#3*^"#;/%"*=1/7"(%'&*1*X81/0%8'81*s0/%4'*/'2*<%/'2
l1('%2*81*<1'8"2*8"*=R4.&"*WLXXX)*X/J*<%A.1&*L'&&1*81*,&#1%8'*1*?.0("2
9"(A)F)(f'R%0"4$0(<$1$%"*"09(:%2N"'3*X#$(1/2'*81*!%c/4%'2*="4%'%23*EjjE)*Ejb\EEb)
:VX@V3*‰"//1*1*!,::?G3*^%/'7)(<$;$(H*1*;($0(5'*0"12"'$09(_%"*81*r'/1%("3
r"(A1*ˆ'7'(3*EjjE)
:X<,3*X+'/'*=0"&61)(<$'206(;*'#*0(2(H*1*0(`(02%4")$0()2(;204"N*-2;(%$(O;7P'"$()$
/'*0"19(_%"*81*r'/1%("3*,(H.%+"*d'4%"/'&3*EjjD)
:X<,3*X+'/'*=0"&61)(F(,"%-.*(5'*0"12"'*(2($0(02%4")$0()2(;204"N*-2;(2(%*#"$%*1")*)2(%$
O;7P'"$()$(/'*0"19(f$7$"(`(V2?"04*()2(\"04$'"*)*o)*EjjD)*DDo\Dbm)
:G=@?=,3*X2'N1&)(O%0.14$0(";7'200$0X(*(-.2''*()$0(D$'%*1"04*0(%*(O%)272%)K%#"*9(=Q"
>'.&"3*!"#$'/7%'*8'2*:10('23*Ejjj)
<,_X,3*r"2R*>1(1%('*Œ/"0'*N%"A(S5%4'*%/*>Xd@?3*:.;2*<'(%'*8'*=%&+'*>%/0")
^%4%"/S(%"*8'*:;/A.'*Z('2%&1%(')*l"%f/%'3*="4%18'81*l"%'/'*81*!.&0.('3
X/20%0.0"*81*>12H.%2'2*1*V20.8"2*K%20T(%4"2*8"*Z('2%&*!1/0('&3*!1/0("*81
!.&0.('*l"%'/'3*B``m)
!"#$%$&'()*+,*(-./0+/'(12(34'(%2(5'(62(7789:'(3;;9
$#
E1$%$(A,*.F/(<?#$
$$
<,_X,dX3*Z107'/%')(<$1$%"U*NE$(+"%-[,04"#*9(!'#$%/'23*>"/0123*Ejjo)
<,_X,dX3*Z107'/%'*1*=".6'3*@'/%')*BCEE3*>S0(%'*X/81$1/81/01)*?.0('2
$'&'+('2g(:'-*%$%)*EB)*B``o)*oD\bB)
<,_@Xd=3*d%&41*='/0ƒ,//')(\"04Q'"*()*(+,%-.*(3$'4.-.20*9(bP#.1$(YOY9(='"
>'.&"3*0%4'3*B`CC)
<,@?=3*_'%#./8"*8'*!./7')(<$'$-'*H"*(="04Q'"#*()*(7'$?,%#"*()2(@"%*0(>2'*"0
d^g8he9(Z1&"*K"(%6"/013*>.N&%4'PY12*8"*,(H.%+"*>nN&%4"*<%/1%("3*B`CB)
<,@@?=3*X&#'(*_)*81)*!"/20(.0"(12*1*71(81%("2J*'*0('#'*8"2*%/01(12212*/'
4"/20(.PQ"*8'*./%8'81*$"&;0%4')(F1;*%*#i(/'*0"1"2%02)*B)*Ejjb)*C\Em)
ŽŽŽŽŽŽŽŽŽŽŽŽ)(:(f2;7$(b*C.*'2;*(`(F(I$';*NE$()$(G04*)$(O;72'"*19(=Q"*>'.&"3
KG!X@V!3*B``j3*EO*18)
<,W‹V::3*†1//107)*<=$#$1*426(7"'*4*0(2($.4'$0(;*1*%)'$09(G%0*"$0(4'$7"#*"09(=Q"
>'.&"3*>'6*1*@1(('3*B```)
dGdV=3*r"2R*K"(0')*:Re%4"*1*&;/A.'*/'4%"/'&J*'$"/0'#1/0"2*2"N(1*'*7%20T(%'
8'*&1e%4"A('5%'*/"*Z('2%&)*X/J*V/%*?_:,d^X*9"(A)F)(\"04Q'"*()*0(")P"*0(1"%-[,04"#*09
!'#$%/'2‡!S41(123*>"/012‡G/1#'03*EjjB)
?:XLVX_,3*@'(Hq;/%")*ŒX/0("8.PQ"*1*/"0'2*%/*<'0"23*_'%#./8"*8'*!./7')
<$'$-'*H"*(="04Q'"#*()*(7'$?,%#"*()2(@"%*0(>2'*"0(d^g8he9(Z1&"*K"(%6"/013
>.N&%4'PY12*8"*,(H.%+"*>nN&%4"*<%/1%("3*B`CB)
?_:,d^X3*V/%*9"(A)F)(\"04Q'"*()*0(")P"*0(1"%-[,04"#*0X(#$%04'.NE$()$(0*52'
;24*1"%-[,04"#$(2(#$%04"4."NE$()*(1,%-.*(%*#"$%*19(!'#$%/'23*>"/0123*EjjB)
>1001(3*<'(A'(%8'3*[,5(%4'/%2#"2*/"*$"(0.A.c2*8"*Z('2%&)*X/*V/%*?(&'/8%*9"(A)F
\"04Q'"*()*0(")P"*0(1"%-[,04"#*0X(#$%04'.NE$()$(0*52'(;24*1"%-[,04"#$(2(#$%04"4."NE$()*(1,%-.*
%*#"$%*19(!'#$%/'23*>"/0123*EjjB
>Xd@?3*V8%07*>%#1/01&)(:(7$'4.-.K0()$(/'*0"1X(42S4$0(#',4"#$0(2(42Q'"#$06(^(j(^gkl`
^mkl6(H$%420(7*'*(*(42$'"*(2(*(="04Q'"*9(=Q"*>'.&"‡_%"*81*r'/1%("3*V^G=>‡:%+("2
0R4/%4"2*1*4%1/0;5%4"23*B`aC)
ŽŽŽŽŽŽŽŽŽŽŽŽ)(F(1,%-.*(20#'"4*(%$(/'*0"19(=Q"*>'.&"3*0%4'3*B`Cm)
!"#$%$&'()*+,*(-./0+/'(12(34'(%2(5'(62(7789:'(3;;9
<"=&(>$+?$(@$(A?.1$()?%,*(/(*(Q?R?*%S+?*(@/(<=%0"$(M+$&?./?+$222
ŽŽŽŽŽŽŽŽŽŽŽŽ)*?*$"(0.A.c2*/"*Z('2%&J*R$"4'*4"&"/%'&)*X/J*,/'*>%6'(("*9"(A)F)
F;P'"#*(+*4"%*X(7*1*?'*6(1"42'*4.'*(2(#.14.'*9(='"*>'.&"‡!'#$%/'23*<1#"(%'&*‡
G/%4'#$3*B``D)*+"&)*B)
>Xd@?3*:.;2*<'(%'*8'*=%&+')*!"#"$%&'"$()*(+,%-.*(/'*0"12"'*)*?.("*>(10"3
@%$"A('5%'*81*=%&+'3*BCDE)
V2?"04*()$(O%04"4.4$(\"04Q'"#$(2(>2$-'&H"#$(/'*0"12"'$)*@"#"*oa3*BCCo)
_?^_XlGV=3*r"Q"*>'.&"*!"1&7"*81*=".6')(F(7&4'"*(2(*(H1$'X(1,%-.*6(1"42'*4.'*(2
")2%4")*)2(%*#"$%*1(%$(/'*0"16(^gnl`^m8l9(!'#$%/'23*G/%4'#$3*EjjE)
_?^_XlGV=3*r"2R*K"/T(%")*@71*+%40"(I*"5*071*>"(0.A.121*&'/A.'A1*%/
4"&"/%'&*Z('6%&)*X/J*,&5(18*K?‹V_*1*,)*_%47'(8*>_V@?\_?^,=*9"(A)F)
G;7"'2("%(4'*%0"4"$%9(f=2(3$'4.-.202(o$'1)("%(4=2(4";2($H(<*;a209(l'%/12+%&&13*B`Cb)
=,d!KV=3*V8A'()(F(1,%-.*(5'*0"12"'*9(=Q"*>'.&"3*!%')*V8%0"('*d'4%"/'&3*B`oj)
94"&)*Z('2%&%'/'3*+"&)*Ba`F)
=X:L,3*,d@?dX?*<?_,X=*V)(!"#"$%&'"$()*(+,%-.*(3$'4.-.20*(V2#$7"1*)$9
:%2N"'3*@I$"A('$7%'*:'41(8%/'3*BCBD)
=X:L,3*X/"4c/4%"*z('/4%24"*8')(!"#"$%&'"$(/"51"$-'&H"#$(3$'4.-.K09(:%2N"'3
X#$(1/2'*d'4%"/'&3*BCmj*1*BC`D)
=G==V†Xd^3*z&"(')*?*124(%0"(*4"#"*A1/1'&"A%20'J*'*5./PQ"*8'*&%01('0.('*1*'
&;/A.'*&%01(S(%'*/"*("#'/0%2#"*N('2%&1%(")*X/J*,/'*>%6'(("*9"(A)F)(F;P'"#*(+*4"%*X
3*1*?'*6(+"42'*4.'*(2(<.14.'*9(=Q"*>'.&"‡!'#$%/'23*<1#"(%'&*‡*GdX!,<>3
B``o)
@_?G!KV3*:IA%'*<)*l"/P'&+12)(F(%*4.'2U*()*(1,%-.*()$(/'*0"1(2(0.*('21*NE$(#$;
.;*(#$%04'.NE$()$(%*#"$%*1(%$(0P#.1$(YOY9(d8"4.#1/0"*1&10(t/%4"F)
LVXl,3*r"2R*>18("*W'+%1(*8')(F(";7'2%0*(2;(@"%*0(>2'*"0(d^glh`^gmhe9(?.("
>(10"3*X#$(1/2'*?5%4%'&*8"*V20'8"*81*<%/'2*l1('%23*BC`C)
LVXl,3*r"2R*>18("*W'+%1(*8')(GH2;P'")20(;"%2"'*0(d^ppn`^gmhe9(Z1&"*K"(%6"/013
z./8'PQ"*r"Q"*>%/71%("3*B``C)
LX::,:@,3*:.%6*!'(&"2)*?*H.1*21*5'&'*1*"*H.1*21*&cJ*&;/A.'3*%/20(.PQ"*1*&1%0.(')
X/J*:'.('*81*<1&&"*1*=".6'*9"(A)F)(\"04Q'"*()*(?")*(7'"?*)*(%$(/'*0"1X(#$4")"*%$(2
?")*(7'"?*)*(%*(F;P'"#*(3$'4.-.20*9(=Q"*>'.&"3*!"#$'/7%'*8'2*:10('23*B``a)*B)
!"#$%$&'()*+,*(-./0+/'(12(34'(%2(5'(62(7789:'(3;;9
$%