!!

!"#$%&#'()*&+&#,-(*$##-.#$%&#'$/$&#-.#0&1/2/*&#

#!!"#$%#$!%&$'()'*+!,-./'(&'+01!%2!345!(-(*+!.#*$61!!! ! ! ,738498::;!.<7=>1!

*??<77<<1!!! ! @A!!,$*'(#!B'6#21!'+%A1!3!6<73>3C<!!D=C?=C398=41!E*%2.!.'(('+0#$1!!F$*+%'(!,#++2%G1!"*$G!B*+!H*+6)1!!&2I*$6!"#)%*/F1!,#)#$!&2$+.#$0#$1!!+#I!&2,#!,-./'(&'+0!%2A1!345!!,$*'(#!+#I!&2,#!%2$,A1!!! ! ! 6<:<45349;!.<7=>1!

*??<77349;A!#

JJJJJJJJJJJJJJJJJJJJ!

#######! +=A!KL1!MNOK!

##

/))&11/"$'#-)&"!"3#4*!&.#

#####

)#*"!%!%2-+(#/!F2$!*,,#//*+)(!

!F#.$-*$P!Q1!MNOK!

88!!

$/41&#-.#,-"$&"$'#)*./#!2F!%2+)#+)(!AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!88!!

)*./#!2F!%')*)'2+(!AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!8@!!

+*)-$#!2F!)&#!,$2%##6'+0(!AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!O!!

(-""*$P!2F!)&#!*$0-"#+)!AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!M!!

()*)#"#+)!2F!)&#!F*%)(!AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!L!!

*$0-"#+)!AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!R!!

!5# $67#,89:;#-<#,6=>?7:@#=A9B7C#D;B#CDB?:7;D8>#A@#?8>?E9CD>F#;6=;#;67#F=GD>F#8H;D8>#DB#?87:?DI7#5555555555555555555555555555555#J##

!*A!ST<;98=4!,C<;<49<5!AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!R!!!.A!(D=?<!=:!$<@8<>!AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!R!!!%A!"<C89;!=:!9U<!*CVTW<49!AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!R!!

OA!)U<!XT;84<;;!YT5VW<49!;93453C5!=:!C<@8<>!;U=T75!3??7Z!9=!

D=C?=C39<!58C<D9=C;!84!=::8D<A!AAAAAAAAAAAAAAAAAAAAAAAAA!R!

MA!*79<C4398@<7Z1!9U<!V3W84V!=?98=4!8;!37;=!@3785!T45<C!9U<!<4U34D<5!;DCT984Z!=:!!"#$%&$!345!'()*#"!AAAAAAAAAAAAAAAA![!!

3A! )U<! V3W84V! =?98=4! 8;! 4=9! D=<CD8@<! X<D3T;<! ,C38;<!

=C!?C8W3C87Z!9=!3::<D9!9U<!;U3C<U=75<C!@=9<!AAAAAAAA![!

XA! )U<! 03W84V! 2?98=4! 8;! 4=9! ?C<D7T;8@<! X<D3T;<! "<CD<C!>=T75!=47Z!X<!5<73Z<51!4=9!?C<@<49<51!:C=W!3D\T8C84V!,C38;<!B85<=A!AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!OO!

DA!!)U<!.=3C5!=:!68C<D9=C;!U35!3!D=W?<7784V!YT;98:8D398=4!:=C!3::<D984V!9U<!;U3C<U=75<C!@=9<!AAAAAAAAAAAAAAAA!OM!

5A! )U<! .=3C5! =:! 68C<D9=C;! ;398;:8<5! 9U<8C! 355898=437!XTC5<4!=:!C<3;=43X7<4<;;!8W?=;<5!XZ!'()*#"+,,,,,,,,+OL!

!!5#$67#48=:C#8<#0D:7?;8:B#CDC#>8;#ID8E=;7#=>@#<DC9?D=:@#C9;D7B#

A=E=>?D>F#:7K9D:7G7>;#=>C#7>B9:7C#E8>F7ID;@#8<#D;B#?8:H8:=;7#H9:H8B7#<8:#;67#B6=:768EC7:B#555555555555555555555555555555#OR##

!*A!ST<;98=4!,C<;<49<5!AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!OR!!!.A!(D=?<!=:!$<@8<>!AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!OR!!!%A!"<C89;!=:!9U<!*CVTW<49!AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!OR!!

OA! ,C38;<! B85<=! W3Z! ?C=W=9<! C<78V8=T;! @37T<;! ;8WT7934<=T;!9=!;<<]84V!?C=:89;!3;!3!?TX78D!X<4<:89!D=C?=C398=4A!AA!OQ!!

MA! )U<! .=3C5! =:! 68C<D9=C;! U3;! 34! 849<C<;9! 345! 5T9Z! 9=!TX78D! X<4<:89! X<Z=45!

9U<!W<CV<C!AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!MN!!

888!!

LA!X3734D84V!=:!849<C<;9;!W34539<5!T45<C!;<D98=4!LR^#55555#MM!!

!%2+%/-('2+!AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!M^!!

!

8@!!

$/41&#-.#,!$/$!-"'#!

0&1/2/*&#'()*&+&#,-(*$!

-.()"/+0,+1)*23+4).+1#0,+!#(*).51!'4DA1!!!!!!!R^N!*AM5!OMQN!_6<7A!O[[KJ!AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!O`!!

-.)($)(+0,+678%$1!!!!!!!KQL!*AM5!`N^!_6<7A!O[`KJ!AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!ML!

!7(%9#(#+)4+:);3)<+=(*,+0,+!7(%9#(#<+=(*A1!![NR!*AM5!OOK!_6<7A!MNNRJ!AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!ML!

>7/7+?+>),+0,+:7*9(%*)").<+=(*A1!!!!!!!RLK!*AM5!LK^!_6<7A!O[[LJ!AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!ML!

>9744+0,+@#A97$1!!!!!!!O[[!*AM5!^K`!_6<7A!O[RKJ!AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!OK!

6#8$)(+0,+@7*)(%1!!!!!!!`[Q!*AM5!QKN!_6<7A!MNNRJ!AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!R1OR!

@%""$+-*B&%$%A%)(+>),+0,+@#*C%""#(<+=(*,1!!!!!!!^^[!*AM5!OMRO!_6<7A!O[`[J!AAAAAAAAAAAAAAAAAAAAAAAAAAA!O`1MO1ML!

DC(%*#.7<+=(*,+0,+E>1+F7#"A9*#.7<+=(*,<+++++++GHG+-,I/+JHK+_6<7A!MNNLJ+,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,+R+

+=(*A1!!!!!!!RLQ!*AM5!LK!_6<7A!O[[LJ!AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!O`1MO!

1!!^QO!*AM5!OOKN!_6<7A!O[`[J!AAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!R1O`!

L70")(<+=(*,+0,+@#*-(/.78$+?+M).N7$+F)"/%(O$<+=(*,1!!^NR!*AM5!OQL!_6<7A!O[`RJ!AAAAAAAAAAAAAAAAAAAAAAAAAAA!O`1O[1MN!

1=+@OCA,+6,P,+0,+Q%(%(O7.1!!!!!!!QNQ!*AM5!LQ!_6<7A!O[[`J!AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!R1OR!

1A.)&/+0,+R.#*71!!!!!!!RNR!*AM5!Q^!_6<7A!O[[MJ!AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!OO!

'(%A.%(<+=(*,+0,+-C,+R7(,+>).5,1!!!!!!!R^O!*AM5!OLRO!_6<7A!O[[^J!AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!̀ 1OM!

'()*#"+>).5,+0,+@7$#+P7A.)"7&C+>),1!!!!!!!K[L!*AM5![KR!_6<7A!O[`^J!AAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!5#$$%C!

Q%""%#C$+0,+R7%7.1!!!!!!RQO!*AM5!OLR`!_6<7A!O[[RJ!AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA![!

#0&1/2/*&#,-(*$#-.#,%/",&*L!

-%.+P.)/,+?+>97C$,<+=(*,+0,+-%.O#$<+=(*,1!!OR!*AL5!K`!_6<7A!%UA!MNOOJ!AAAAAAAAAAAAAAAAAAAAAAAAAAAA!OO1OM!

+!"#$%&$+=(/&$,<+=(*,+0,+-A"#$+>).5,1!!

^RK!*AM5!R^O!_6<7A!%UA!O[``J!AAAAAAAAAAAAAAAAAAAAAAAAAAAAA!![!+

@!!

7!#3+S)C7$A%*+F)"/%(O$<+=(*,+0,+E78C#.;1!!OR!*AL5!O!_6<7A!%UA!MNONJ!AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!O`!

+"/7.$+6%A%OA1!!

!!!!!RQ!*AL5!K[R!_6<7A!%UA!MNOLJ!AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!OK!

1!!`QQ!*AM5![Q^!_6<7A!%UA!MNN^J!AAAAAAAAAAAAAAAAAAAAAAAAA!5#$$%C!

=(+.7+:.#/)$+=(*,+129)"/7.+6%A%O,1!!!!!!!QL!*AL5!OQ!_6<7A!%UA!MNOLJ!AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!OK!

T&*#%5#+-C,+-""%#(*7+M&(/+==<+6,P,+0,+L%OO%)1!!!!!!!O!*AL5!LON!_6<7A!%UA!MNONJ!AAAAAAAAAAAAAAAAAAAAAAAAAAAAA!ON1OL!

#

0&1/2/*&#'$/$($&'!

`!6<7A!%A!a!ONO!AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!OR!

`!6<7A!%A!a!OKO!AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!OR!

`!6<7A!%A!a!OKK!AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!̀ !

`!6<7A!%A!a!LRO!AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!OR!

`!6<7A!%A!a!LRM!AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!5#$$%C!

`!6<7A!%A!a!LRL!AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!OR1MO!

`!6<7A!%A!a!LRK!AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!OR!

`!6<7A!%A!a!LR^!AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!5#$$%C!

#

("!$&0#'$/$&'#,-(*$'#-.#/))&/1!

>)(7$A)O#+Q))/+157*%#"A%7$+>).5,+0,+17*23+)4+',1,+S752A+)4+F7#"A9+?++

F&C#(+17.0$A1!!

!!!!!QMK!FAL5!LQQ!_L5!%8CA!MNOLJ1!!

!!!!!*7.A,+O.#(A7/1!OLK!(A!%9A!RQ`!_MNOLJ!AAAAAAAAAAAAAAAAAAA!O[1MN!

F)NN3+6)NN3+1A).7$<+=(*,+0,+17N7"%&$1!!

!!!!!QML!FAL5!OOOK!_ON9U!%8CA!MNOLJ!!

+++++*7.A,+O.#(A7/1!OLK!(A!%9A!RQ`!_MNOLJ!AAAAAAAAAAAAAAAAAAAAAA!MN!

#

-$%&*#/($%-*!$L!

MbKL*!63@85!*A!6C<c7<C!<9!37A1!S7"#8#.7+>).5).#A%)(+6#8+#(/++

P.#*A%*7+,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,+MO1MM!

@7..%#CU !_OO9U1!MNNKJ!AAAAAAAAAAAA![!

!

O!!

"/$(*&#-.#$%&#)*-,&&0!"3'#

3!

W<CV<C!>89U!+<>!&=?<!,TX78;U84V!%=A!_+<>!&=?<J!=4!6<D<WX<C![1!MNOL1!

,738498::;!XC=TVU9!9U8;!3D98=4!84!9U<!6<73>3C<!%=TC9!=:!%U34D<CZ!=4!

6<D<WX<C!OL1!MNOL!:=C!3!?C<78W843CZ!84YT4D98=4!3V384;9!9U<!W<CV<CA!

85TD83CZ!5T98<;!XZ!

!

24!E34T3CZ!OK1!MNOK1!:=77=>84V!78W89<5!58;D=@<CZ1!9U<!%=TC9!=:!

%U34D<CZ!;939<5!9U39!9U<!.=3C5!=:!68C<D9=C;!U35!3D9<5!84!V==5!:389U!9=!

=?98=4!>3;!D=<CD8@<!345!VC349<5!9U<!?C<78W843CZ!84YT4D98=4A!!

)U<!D=TC9!5<D784<5!9=!355C<;;!9U<!8;;T<!=:!XC<3DU!=:!:85TD83CZ!

5T98<;!XZ!9U<!.=3C51!5<D8584V!9U<!D3;<!;=7<7Z!=4!9U<!V3W84V!=?98=4!

8;;T<A!)U<!D=TC9!?=849<5!=T9!9U<!<CC=C!84!D=4D7T584V!9U39!,C38;<!

B85<=1!3;!3!?TX78D!X<4<:89!D=C?=C398=4!_,.%J1!D=T75!U3@<!4=!D=C?=C39<!

?TC?=;<!84!?C=W=984V!C<78V8=T;!@37T<;1!345!;939<5!9U39!9=!?C=U8X89!

,C38;<!B85<=!:C=W!D738W84V!34!849<C<;9!84!?C=W=984V!C<78V8=T;!@37T<;!

?=;9bW<CV<C!>=T75!T45<CW84<!9U<!?=78DZ!X<U845!,.%;A!)U<!,.%!;939T9<;!

><49!849=!<::<D9!*TVT;9!O1!MNOL1!345!9U<!,.%!8;;T<;!?C<;<49<5!U<C<!3C<!

=4<;!=:!:8C;9!8W?C<;;8=4A!

24!E34T3CZ!OR1!MNOK1!5<:<45349;!?<9898=4<5!9U8;!D=TC9!:=C!34!

C<@<C;37!=:!9U<!?C<78W843CZ!84YT4D98=4A!)U8;!D=TC9!VC349<5!?<9898=4!

:=C!3??<37!=4!E34T3CZ!MN1!MNOKA!

M!!

'(++/*L#-.#/*3(+&"$#'A!)U<!V3W84V!=?98=4!;U=T75!X<!C<@8<><5!T45<C!9U<!XT;84<;;!

b849<C<;9!<c8;9;!>U<4!3!?TX78D!X<4<:89!

D=C?=C398=4!93]<;!3D98=4!9=!?C<;<C@<!9U<8C!?TX78D!?TC?=;<A!&=><@<C1!

<@<4!8:!<4U34D<5!;DCT984Z!3??78<;1!9U<!V3W84V!=?98=4!C<W384;!@3785!

X<D3T;<!

9U<!35=?98=4!=:!9U<!V3

9U<!+<>!&=?<!"<CV<CA!!

*55898=4377Z1!9U<!V3W84V!=?98=4!8;!4=9!?C<D7T;8@<!X<D3T;<!"<CD<C!

X851!345!8458C<D97Z!9U<!V3W84V!=?98=41!>3;!3!C<3;=43X7<!C<;?=4;<!9=!

!

''A!)U<!.=3C5!=:!68C<D9=C;!585!4=9!@8=739<!89;!:85TD83CZ!5T98<;!

XZ!3DD<?984V!+<>!&=?< !X851!XT9!C39U<C!?C=?<C7Z!3??78<5!9U<!X3734D84V!

C<\T8C<W<49!T45<C!6<73>3C< !,.%!;939T9<;!9=!<4;TC<!7=4V<@89Z!=:!89;!

X<4<:89!84D7T5<;!?C=W=98=4!=:!"<44=489<!@37T<;1!43W<7Z!4=4@8=7<4D<!84!

377!T45<C93]84V;A!)U8;!?TX78D!X<4<:891!C<V3C57<;;!=:!89!C<78V8=T;!

439TC<1!8;!3!@3785!D=C?=C39<!?TC?=;<A!FTC9U<C1!6<:<45349;!U35!34!

849<C<;9!84!3D984V!9=!:TC9U<C!9U<!;939<5!?TX78D!X<4<:89!

W<CV<CA!)U<!,738498::;!U3@<!

:387<5!9=!=::<C!

68C<D9=C;!XC<3DU<5!89;!:85TD83CZ!5T98<;!>U87<!3??7Z84V!9U<!9UC<<b?3C9!

X3734D84V!9<;9!84D7T5<5!84!9U<!;939T9<;!V=@<C484V!,.%;A!

L!!

'$/$&+&"$#-.#./,$'#

#3C7Z!84!MNOL1!%#2!E3D=X!.8;;84V<C!_.8;;84V<CJ!84:=CW<5!,C38;<!

B

Z<3C!345!;<77!=::!U8;!;U3C<;!84!9U<!D=C?=C398=4A!%=TC9!=:!%U34D<CZ!

(9=79d:T;1!9=!7=D39<!?=9<49837!XTZ<C;A!%A%A!2?A!RA!24<!?=9<49837!

XTZ<C1!"<CD<C!"<5831!<c?C<;;<5!849<C<;9!84!XTZ84V!;U3C<;!39!3!?C8D<!

<4T<!XZ!<c?34584V!849=!@8=7<49!

@85<=!V3W<!?C=5TD98=4A!%A%A!2?A!QA!68C<D9=C;!.8;;84V<C!345!&=>3C5!

"<44=489<!@37T<;1!84D7T584V!;9C8D9!35U<C<4D<!9=!4=4@8=7<4D<A!%A%A!2?A!

QA!.=3C5!W<WX<C!(3WT<7!&=7XC==]!58;3VC<<51!3CVT84V!9U39!9U<!.=3C5!

;37<A!%A%A!2?A!`A!&=7XC==]!X<78<@<5!9U<!.=3C5!>3;!=X78V39<5!9=!3DU8<@<!

9U<!U8VU<;9!;37<!?C8D<1!345!U35!4=!7<V37!C8VU9!9=!8W?=;<!W=C37!@8<>;!

3X=T9! !

*;!3!C<;T79!=:!9U<!9<4;8=4!3W=4V!.=3C5!W<WX<C;1!(9=79d:T;!:=T45!

34=9U<C!XTZ<Ce!.=3C5!W<WX<C!FC34D8;!,<44=D]A!%A%A!2?A![A!)UC=TVU!U8;!

D=W?34Z1!+<>!&=?<!,TX78;U84V!%=A1!,<44=D]!?C=W8;<5!9=!3;;<WX7<!3!X85!

D=W?<9898@<!>89 !

"<34>U87<1!9U<!6<73>3C<!0<4<C37!*;;<WX7Z!35=?9<5!4<>!;939T9<;1!

<::<D98@<!*TVT;9!O1!MNOL1!9U39!?<CW89!:=CW398=4!=:!3!?TX78D!X<4<:89!

D=C?=C398=4!_,.%JA!%A%A!2?A!MbLA!)>=!W=49U;!739<C1!=4!(<?9<WX<C!LN1!

!;U3C<U=75<C;!@=9<5!9=!C<=CV348d<!3;!3!

K!!

,.%A!%A%A!2?A![A!)U<!;U3C<U=75<C;!U35!X<<4!?C<;<49<5!>89U!X=9U!9U<!

,.%!;939T9<;A!%A%A!2?A![A!*;!3!,.%1!,C38;<!B85<=!U35!:7<c8X8789Z!9=!

D=4;85<C!89;!D=4984T<5!35U<C<4D<!9=!"<44=489<!@37T<;!84!355898=4!9=!

><379U!W3c8W8d398=4!:=C!;U3C<U=75<C;!>U<4!5<D8584V!=4!3!XTZ=T9!=::<CA!

9U39!X=9U!

;!?TX78D!

X<4<:89!?=;9bW<CV<CA!%A%A!2?A![A!!

"<CD<C!345!+<>!&=?<!;TXW899<5!X85;!X<:=C<!9U<!6<D<WX<C!^!5<35784<!

:89A!%A%A!2?A![A!

&=><@<C1!+<>!&= !84D7T5<5!3!VT3C349<<!:C=W!,<44=D]!9U39!+<>!

&=?<!>=T75!=?<C39<!,C38;<!B85<=!3DD=C584V!9=!9U<!?TX78D!X<4<:89!V=37!

ONA!&=><@<C1!+<>!&=?<! 4D<!=:!

3!V3W84V!=?98=4A!%A%A!2?A!ONA!!

@85<=!V3W<!58@8;8=4!:=C!3!58;D=T49!=:!fOM!?<C!=T9;934584V!;U3C<!T45<C!

9>=!D=45898=4;A!%A%A!2?A!ONA!F8C;91!8:!9U<!,C38;<!B85<=!;9=D]U=75<C;!

:387<5!9=!3??C=@<!9U<!"<CV<C1!9U<C<XZ!9<CW843984V!891!345!39!=C!?C8=C!

9=!9U<!98W<!=:!9<CW84398=41!3!?C=?=;37!9=!3D\T8C<!,C38;<!B85<=!U3;!

N)(#+4%/7!

>89U5C3>4A!(<D=451!>89U84!9><7@<!W=49U;!=:!;TDU!9<CW84398=4!,C38;<!

B85<=!8;!3D\T8C<5!=C!<49<C;!849=!3!5<:84898@<!3VC<<W<49!9=!X<!

3D\T8C<5A!%A%A!2?A!ONA!

^!!

5<78X<C398=4;1!9U<!58C<D9=C;!5<D85<5!9U39!9U<!+<>!&=?<!X85!?C=?<C7Z!

X3734D<5!9U<!;U3C<U=75<C;!?<DT483CZ!849<C<;9;1!9U<!X<;9!849<C<;9;!=:!

9U=;<!W39<C8377Z!3::<D9<5!XZ!9U<!W<CV<C1!345!9U<!?TX78D!X<4<:89!

ONbOOA!*9!9U39!W<<984V1!WT798?7<!58C<D9=C;!3V384!<c?C<;;<5!D=4D<C4!

9U39!3!W<CV<C!>89U!"<CD<C!>=T75!<c?345!

?TX78D!X<4<:89A!%A%A!2?A!OOA!"=C<=@<C1!<@<4!9U=TVU!"<CD<C!U<75!89;<7:!

=T9!9=!X<!3!%UC8;9834!=CV348d398=41!89!>3;!84!:3D9!3!>U=77Z!=>4<5!

;TX;8583CZ!=:!9U<!;<DT73C1!WT7984398=437!D=4V7=W<C39<!"<CD<C!"<5831!

345!>=T75!U3@<!78997<!;3Z!84!9U<!:T9TC<!58C<D98=4!=:!89;!XT;84<;;A!

%A%A!2?A!OOA!

.8;;84V<C!@=8D<5!U8;!:<3C!39!9U<!W<<984V!9U39!"<CD<C!>=T75!<c?345!

X<78<@<5!9U8;!<c?34;8=4!D=49C358D9<5!

9U<C<:=C<!>=T75!

?TX78D!X<4<:89!=T9><8VU<5! !X85A!%A%A!2?A!OMA!

(3WT<7!&=7XC==]1!9U<!=47Z!58C<D9=C!9=!@=9<!3V384;9!9U<!W<CV<C1!D738W;!

9U<!?TX78D!X<4<:89!>3;!9U<!=47Z!:3D9=C!9U39!.8;;84V<C!9==]!849=!

3DD=T49!>U<4!@=984V!=4!9U<!W<CV<C!X85;A!%A%A!2?A!OOA!!

)U<!.=3C5!3??C=@<5!9U<!+<>!&=?<!W<CV<C!KbO1!>89U!,<44=D]!

3X;938484V!345!&=7XC==]!@=984V!3V384;9A!%A%A!2?A!OOA!,738498::!XC=TVU9!

9U8;!3D98=4!=4!6<D<WX<C!OL1!MNOLA!%A%A!2?A!OMA!

#

R!!

/*3(+&"$#

'A! $67#,89:;#-<#,6=>?7:@#=A9B7C#D;B#CDB?:7;D8>#A@#?8>?E9CD>F#;6=;#;67#F=GD>F#8H;D8>#DB#?87:?DI75#

!"# $%&'()*+#,-&'&+(&.#

IU<9U<C!9U<!%=TC9!=:!%U34D<CZ!3XT;<5!89;!58;DC<98=4!>U<4!89!

!

.A! /0*1&#*2#3&4)&5!

)U8;!%=TC9!C<@8<>;!?C<78W843CZ!84YT4D98=4;!:=C!3XT;<!=:!58;DC<98=4A!

1=+@OA,+6,P,+0,+Q%(%(O7.1!QNQ!*AM5!LQ1!KN!_6<7A!O[[`JA!)U<!%=TC9!=:!

/7!()0)!C<@8<>A!6#8$)(+0,+

@7*)(%1!`[Q!*AM5!QKN!_6<7A!MNNRJA!

)U8;!%=TC9!3??78<;!<4U34D<5!;DCT984Z!9=!D=C?=C39<!5<:<4;<!W<3;TC<;!

b849<C<;9A!

P#.#C)&(A+>)CC $<+=(*,+0,+:%C7<+=(*,1!^QO!*AM5!OOKN1!OO^Ob^^!_6<7A!

O[`[Jg!'()*#"+>).5,+0,+@7$#+P7A.)"7&C+>),1!K[L!*AM5![KR!_6<7A!O[`^JA!

#4U34D<5!;DCT984Z!C<\T8C<;!3!D=TC9!9=!5<9<CW84<!8:!9U<!5<:<4;<!W<3;TC<!

8;!5C3D=4834!_?C<D7T;8@<!=C!D=<CD8@<J!345!>89U84!3!C34V<!=:!

C<3;=43X7<4<;;A!'()*#"1!K[L!*AM5!39![^^1!^`b^[A!':!9U<!5<:<4;<!W<3;TC<!

8;!4=9!5C3D=48341!345!>89U84!3!C34V<!=:!C<3;=43X7<4<;;1!9U<!XT;84<;;!

YT5VW<49!CT7<!>877!3??7Z!345!9U<!%=TC9!>877!4=9!;TX;989T9<!89;!

DC(%*#.7<+=(*,+0,+E>1+

F7#"A9*#.7<+=(*,1!`O`!*AM5![OK1![LO!_6<7A!MNNLJA!!

%A! 6&-)('#*2#!-7%8&+(!

OA! $67#A9BD>7BB#M9CFG7>;#B;=>C=:C#8<#:7ID7N#B689EC#=HHE@#;8#=#>8;#D>;7>C7C#;8#7>;:7>?6#;67#?8:H8:=;7#

CD:7?;8:B#D>#8<<D?75!

Q!!

)U8;!%=TC9!DC<39<5!9U<!<4U34D<5!;DCT984Z!C<@8<>!=:!93]<=@<C!5<:<4;<;!

89;<7:!84!=::8D<1!C39U<C!9U34!9=!?C=9<D9!9U<!849<C<;9;!=:!

;U3C<U=75<C;A!177+'()*#"1!K[L!*AM5!39![^KA!&=><@<C1!3X;<49!9U8;!

9U<!D=TC9!;U=T75!5<:<C!9=!9U<!5<D8;8=4!=:!9U<!X=3C5!=:!58C<D9=C;A!177+

1!`QQ!*AM5![Q^1!ONMO!_6<7A!%UA!

MNN^JA!'4!9U8;!D3;<1!9U<!XT;84<;;!YT5VW<49!CT7<!;U=T75!3??7Z!X<D3T;<!

b849<C<;9!;TCC=T4584V!9U<!

177+'()*#"1!K[L!*AM5!

39![^K,!!

&<C<1!9U<!.=3C5!U35!4=!<49C<4DUW<49!W=98@<1!3;!9U<!V3W84V!=?98=4!>3;!

3D9T377Z!:3D87893984V!9U<8C!=>4!C<W=@37!:C=W!=::8D<A!$39U<C!9U34!9=!

?<C?<9T39<!9U<W;<7@<;!84!=::8D<1!9U<!.=3C5!35=?9<5!9U<!V3W84V!=?98=4!

X<4<:89A!)U<C<:=C<1!9U<!<4U34D<5!;93453C5!=:!C<@8<>!;U=T75!4=9!X<!

3??78<5!84!9U8;!D3;<1!3;!9U<!>U=7<!?TC?=;<!:=C!9U<!<4U34D<5!;93453C5!

=:!C<@8<>!8;!9=!<4;TC<!9U39!58C<D9=C;!3C<!4=9!<49C<4DU84V!9U<W;<7@<;!

84!=::8D<!XZ!9U>3C984V!3!W<CV<C!>89U!34=9U<C!D=C?=C398=4A!177+%/A!!

"=C<=@<C1!X=9U!9U<!%=TC9!=:!%U34D<CZ!345!9U<!,738498::;!C<D=V48d<!

9U<Z!35=?9<5!9U<!V3W84V!=?98=4A!)U<C<:=C<1!9U<!V3W84V!=?98=4!>3;!9U<!

!84!>U8DU!9U<!93CV<9!X=3C5!

U3;!C<3;=43X7Z!VC349<5!h9U<i!?C=9<D98=4;!h9=i!=X9384!3!V==5!C<;T79!:=C!

:)3$

=/A!%=4;<\T<497Z!89!>=T75!X<!8W?C=?<C!

`!!

9=!3??7Z!9U<!<4U34D<5!

5<D8;8=4!9=!3DD<?9!9U<!V3W84V!=?98=4A!177+%/A!

%=TC9;!?C<;TW<!9U<!XT;84<;;!YT5VW<49!CT7<!3??78<;!T47<;;!3!D=4:78D9!

=:!849<C<;9!<c8;9;!X<9><<4!58C<D9=C;!345!;U3C<U=75<C;A!177!'(%A.%(<+

=(*,+0,+-C,+R7(,+>).5,1!R^O!*AM5!OLRO1!OLQM QL!_6<7A!O[[^JA!&<C<1!

A!

2@<C![Nj!=:!9U<!;U3C<U=75<C;!@=9<5!9=!X<D=W<!3!,.%1!]4=>84V!:T77!><77!

9U<!D=W?34Z!>=T75!X<!;=75A!)U<!;U3C<U=75<C;!849<45<5!9U<!.=3C5!9=!

;3DC8:8D<!9U<8C!?<DT483CZ!849<C<;9;!345!3DD<?9!3!X85!9U39!?C<;<C@<5!

9U39A!)U<C<:=C<1!9U<!XT;84<;;!YT5VW<49!;93453C5!=:!C<@8<>1!4=9!

<4U34D<5!;DCT984Z1!;U=T75!3??7Z!9=!D=C?=C39<!5<:<4;<!W<3;TC<;!9U39!3C<!

177+%/A!

"=C<=@<C1!9U<!V3W84V!=?98=4!8;!4=9!4<D<;;3C87Z!5<:<4;8@<A!+<>!&=?<!

D=45898=4<5!89;!X85!T?=4!3DD<?934D<!=:!9U<!V3W84V!=?98=4A!*;!+<>!

=?98=4!>3;!<43D9<5!:=C!9U<!@3785!XT;84<;;!?TC?=;<!=:!3DD<?984V!+<>!

3D98=4!:=C!3!@3785!XT;84<;;!?TC?=;<1!4=9!3;!3!5<:<4;8@<!C<;?=4;<!9=!3!

9UC<391!9U<!XT;84<;;!YT5VW<49!CT7<!3??78<;A!=/,+39!OLQMA!)U<C<:=C<1!

9U8;!%=TC9!;U=T75!4=9!3??7Z!34!<4U34D<5!;DCT984Z!C<@8<>!9=!9U<!V3W84V!

5<D8;8=4!9=!3DD<?9!+<>! 177+

%/,!!

!

[!!

MA! /E;7:>=;DI7E@O#;67#F=GD>F#8H;D8>#DB#=EB8#I=EDC#9>C7:#;67#7>6=>?7C#B?:9;D>@#8<#9:;')%'#=>C#<+*0;:"!

;<7:b

849<C<;9!>877!=47Z!X<!84@3785!8:!D=<CD8@<!=C!?C<D7T;8@<!345!4=9!>89U84!

3!C34V<!=:!C<3;=43X7<4<;;A!177!'()*#"1!K[L!*AM5!39![^^g!177!#"$)+

!"#$%&$+=(/&$,<+=(*,+0,+-A"#$+>).5,1!^RK!*AM5!R^O1!RRNbRM!_6<7A!%UA!

O[``JA!IU<9U<C!3!?3C98DT73C!;9=D]U=75<C!@=9<!U3;!X<<4!C=XX<5!=:!89;!

<::<D98@<4<;;!XZ!T4C<3;=43X7<!D=<CD8=4!5<?<45;!=4!9U<!:3D9;!=:!<3DU!

D3;<A!Q%""%#C$+0,+R7%7.1!RQO!*AM5!OLR`1!OL`L!_6<7A!O[[RJA!

=5 48=:C#CDC#>8;#=??7H;#;67#F=GD>F#8H;D8>#B8E7E@#8:#H:DG=:DE@#;8#=<<7?;#;67#B6=:768EC7:#I8;75!

%=

57.+$7!877<V37!;8W?7Z!

X<D3T;<!58C<D9=C;!C<D=V48d<!9U<Z!>877!3::<D9!3!;U3C<U=75<C!@=9<A!

!"#$%&$ ;!=47Z!

D=<CD8@<!8:!9U<!X=3C5!=:!58C<D9=C;!35=?9;!9U<!5<:<4;<!:=C!9U<!5.%C#.3+

=C!$)"7!

W<CV<CA!177+%/A!39!R^[A!)U<!%=TC9!=:!%U34D<CZ!U<75!9U39!9U<!V3W84V!

=?98=4!>3;!D=<CD8@<!X<D3T;<!9U<!.=3C5!C<D=V48d<5!89!3::<D9<5!9U<!

5.%C#.3!=C!$)"7!

?TC?=;<!:=C!3DD<?984V!9U<!V3W84V!=?98=4!>3;!9=!9U>3C9!9U<!;U3C<U=75<C!

@=9<A!177!%/A!

A!

"<CC83Wb

V3W84V!=?98=4!3;!3!>3Z!=:!?C=9<D984V!9U<!?TX78D!X<4<:89!?TC?=;<!=:!9U<!

ON!!

D=C?=C398=4!#(/+W=98@3984V!;U3C<U=75<C;!9=!@=9<!:=C!9U<!W<CV<C!

CZ!

?TC?=;<1!9U<!V3W84V!=?98=4!8;!4=9!D=<CD8@<A!

A!

.Z!!"#$%&$ +3??78<;!>U<4!

58C<D9=C;!h3D9i!:=C!9U<!?C8W3CZ!=C!;=7<!?TC?=;<!=:!9U>3C984V!9U<!

T&*#%5#+-C,+-""%#(*7+M&(/+==<+6,P,+0,+

L%OO%)1!O!*AL5!LON1!LM[!_6<7A!%UA!MNONJA!)U<!.=3C5!U35!3!7<V37!

39!+<>!

177+`!6<7A!%A!a!LR^_3JA!*;!+<>!

&=?<!U35!D=45898=4<5!9U<8C!X85!T?=4!3DD<?934D<!=:!9U<!V3W84V!=?98=41!

=?98=4A!)U<C<:=C<1!9U<!V3W84V!=?98=4!>3;!35=?9<5!?C8W3C87Z!9=!3DD<?9!

9U<!W<CV<CA!

;U3C<U=75<C;!T4987!3 ;T?<C8=CA!)U<!.=3C5!

W<C<7Z!C<D=V4

V3W84V!=?98=41!W3Z!D3T;<!;=W<!;U3C<U=75<C;!9=!@=9<!:=C!9U<!W<CV<CA!

58C<D9 !

;U3C<U=75<C;!>3;!=47Z!D=4;85<C<5!3:9<C!9U<!X3734D84V!=:!849<C<;9;!345!

OO!!

34Z>3Z;A+177+%/,V+177+#"$)+`!6<7A!%A!a!LR^_3JA!!

#@<4!8:!9U<!.=3C5!849<45<5!9=!3::<D9!9U<!;U3C<U=75<C!@=9<1!9U<!%=TC9!

=:!%U34D<CZ!3XT;<5!89;!58;DC<98=4!XZ!3;;TW84V!9U39!9U8;!>3;!9U<!

5!

3DD<?9!9U8;!=::<CA!`!6<7A!%A!a!LR^_3JA!247Z!3:9<C!9U<Z!><C<!=X78V39<5!

9U<!V3W84V!=?98=4A! C8W3CZ!849<49!84!

:CT;9C39<!9U<!;U3C<U=75<C;!@=9<A!)UT;1!9U<8C!5<D8;8=4!9=!3DD<?9!9U<!

V3W84V!=?98=4!>3;!4=4bD=<CD8@<!T45<C!9U<!!"#$%&$!;93453C5A!1A.)&/+0,+

R.#*71!RNR!*AM5!Q^1![M!_6<7A!O[[MJA!!

A5 $67#3=GD>F#-H;D8>#DB#>8;#H:7?E9BDI7#A7?=9B7#+7:?7:#N89EC#8>E@#A7#C7E=@7CO#>8;#H:7I7>;7CO#<:8G#=?K9D:D>F#):=DB7#PDC785!

,738498::;!3CVT<!9U39!9U<!V3W84V!=?98=4!8;!D=<CD8@<!_C<377Z!

2?98=4!8;!<:

)U<!V3W84V!=?98=4!D34!=47Z!X<!<c<CD8;<5!8:!34=9U<C!D=W?34Z!3D\T8C<;!

,C38;<!B85<=!>89U84!9><7@<!W=49U;!=:!3!:387<5!W<CV<C!@=9<A!%A%A!2?A!

ONA!)U<C<:=C<1!<@<4!8:!9U<!;U3C<U=75<C;!@=9<!3V384;9!9U<!W<CV<C1!

"<CD<C!>877!=47Z!X<!5<73Z<5!9><7@<!W=49U;!84!3D\T8C84V!,C38;<!B85<=A!*!

D=C?=C39<!5<:<4;<!8;!4=9!?C<D7T;8@<!8:!89!W<C<7Z!5<73Z;!3D\T8;898=4!XZ!

34=9U<C!D=W?34ZA!177+-%.+P.)/$,+?+>97C$,<+=(*,+0,+-%.O#$<+=(*,1!OR!

bW=49U!5<73Z!5=<;!4=9!

OM!!

177!%/A!39!

!

"=C<=@<C1!5TC84V!9U<8C!9><7@<b

3!U=;987<!93]<=@<C1!=C!=9U<C!379<C4398@<!W<CV<C!;9C39<VZ!84!78<T!=:!

>38984VA!177+O7(7.#""3<+'(%A.%(<+R^O!*AM5!39!OLQ[A!

;U3C<U=75<C;!9CT7Z!:3@=C!9U<!^N!5=773C;!?<C!;U3C<1!3!W=98@39<5!?C=cZ!

D=49<;9!>=T75!;TDD<<5!8CC<;?<D98@<!=:!9U<!V3W84V!=?98=4!X<84V!84!

<::<D9A!177+%/,+39!OL`LA!)U<C<:=C<1!3!5<37!>89U!"<CD<C!>3;!;9877!

?=;;8X7<!<@<4!>89U!9U<!V3W84V!=?98=4!84!<::<D9A!%=4;<\T<497Z1!9U<!

V3W84V!=?98=4!8;!4=9!?C<D7T;8@<A!

?5 $67#48=:C#8<#0D:7?;8:B#6=C#=#?8GH7EED>F#M9B;D<D?=;D8>#<8:#=<<7?;D>F#;67#B6=:768EC7:#I8;75#

#@<4!8:!9U<!V3W84V!=?98=4!8;!D=<CD8@<!=C!?C<D7T;8@<1!9U<!.=3C5!=:!

68C<D9=C;!U35!3!D=W?<7784V!YT;98:8D398=4!9=!3DD<?9!9U<!V3W84V!=?98=4e!

58C<D9!9U<!XT;84<;;!345!3::38C;!=:!9U<!?TX78D!X<4<:89!D=C?=C398=4!84!3!

W344<C!9U39!X3734D<;!9U<!?<DT483CZ!849<C<;9;!=:!9U<!;9=D]U=75<C;1!9U<!

X<;9!849<C<;9;!=:!9U=;<!W39<C8377Z!3::<D9<5!XZ!9U<!D=C?=C398=4k;!

D=45TD91!345!9U<!;?<D8:8D!?TX78D!X<4<:89!=C!?TX78D!X<4<:89;!85<498:8<5!

`!6<7A!%A!a!LR^_3JA!)U<!T;<!=:!

9U<!XT;84<;;!?<C!9U<!C<;T79;!=:!9U8;!X3734D84V!9<;9A!`!6<7A!%A!a!

LR^_3J

?C=?<C7Z!X3734D<5!<3DU!=:!9U<!9UC<<!C<7<@349!849<C<;9;1!9U<Z!><C<!

C<\T8C<5!XZ!73>!9=!3DD<?9!89A!*;!;939<5!<3C78<C1!9U<!=47Z!>3Z!9U<!

OL!!

=?98=4A!)U<C<:=C<1!9U<!D=W?<7784V!YT;98:8D398=4!:=C!35=?984V!9U<!

V3W84V!=?98=4!>3;!9=!D=W?7Z!>89U!9U<!73>A!!

24D<!9U<!;37<!=:!,C38;<!B85<=!>3;!84<@893X7<1!9U<!.=3C5!=:!68C<D9=C;!

>=T75!U3@<!@8=739<5!9U<!73>!8:!9U<Z!C<Y<D9<5!9U<!=47Z!=::<C1!=:!3!

A!

"=C<=@<C1!9U<!68C<D9=C;!>=T75!37;=!X<!@8=73984V!9U<8C!:85TD83CZ!5T98<;!

?C=?<C7Z!X3734D<5!9U<!849<C<; `!6<7A!%A!

a!

!345!8458C<D97Z!9U<!

V3W84V!=?98=41!X<D3T;<!9U<Z!4<<5<5!9=!D=W?7Z!>89U!;<D98=4!LR^!345!

:T7:877!9U<8C!:85TD83CZ!5T98<;!3;!58C<D9=C;!=:!3!,.%A!!

':!9U8;!%=TC9!5=<;!4=9!:845!;TDU!34!849<C<;9!D=W?<7784V1!377!,.%!

58C<D9=C;!>877!X<!:3D<5!>89U!3!53W4<5!8:!Z=T!5=1!5

;89T398=4A!)U<Z!D34!

849<C<;9;!=C!3DD<?9!3!U8VU<C!?<C!;U3C<!=::<C!39!9U<!<c?<4;<!=:!9U<!

X=9U!;89T398=4;!C<;T79!84!58C<D9=C;!=:!,.%;!X<84V!;T<5A!)U<C<:=C<1!

YT;98:8D398=4!:=C!3::<D984V!9U<!;U3C<U=75<C!@=9<A!F84584V!=9U<C>8;<!

>=T75!X<!:=CD84V!,C38;<!B85<=1!345!=9U<C!;8W873C7Z!;89T39<5!,.%;1!9=!

<4V3V<!84!877<V37!3D98@89ZA!

C5 $67#48=:C#8<#0D:7?;8:B#B=;DB<D7C#;67D:#=CCD;D8>=E#A9:C7>#8<#:7=B8>=AE7>7BB#DGH8B7C#A@#<+*0;:"##

68C<D9=C;!WT;9!37;=!;U=>!9U<8C!5<D8;8=4!9=!35=?9!3!93]<=@<C!5<:<4;<!

>3;!C<3;=43X7<!T45<C!9U<!U<8VU9<4<5!;DCT984Z!=:!'()*#"A!T&*#%5#1!O!

*AL5!39!LM[A!)U8;!<4U34 b9C384<5!

OK!!

D=TC9;!9=!;<D=45b

W35<!XZ!58C<D9=C;A+:)3$<!`QQ!*AM5!39!ONNNbNOA!)U<!D=TC9k;!93;]!8;!

4=9!3! =/,!

;TX;989T9<!9U<8C!XT;84<;;!YT5VW<49!:=C!9U39!=:!9U<!58C<D9=C;1!XT9!>877!

5<9<CW84<!8:!9U<!58C<D9=C;k!5<D8;8=4!>3;1!=4!X3734D<1!>89U84!3!C34V<!

=/ 34V<!=:!

534V<C!9=!D=C?=C39<!?=78DZ!=C!<::<D98@<4<;;!<c8;9<5!345!>U<4!9U<!

5<:<4;8@<!C<;?=4;<!>3;!C<3;=43X7<!84!C<7398=4!9=!9U39!9UC<39A!'()*#"1!

K[L!*AM5!39![^^A!

!9UC<39!9=!D=C?=C39<!?=78DZ!345!

<::<D98@<4<;;!X<D3T;<!89!U35!9U<!?=9<49837!9=!84@378539<!9U<!<498C<!

A!)U<!.=3C5!5<9<CW84<5!

@8=7<49!D=WX39!@85

D=C?=C39<!?=78DZA!)U<!%=TC9!=:!%U34D<CZ!:=T45!9U39!9U<!.=3C5!=:!

68C<D9=C;!85<498:8<5!9U8;!9UC<39!84!V==5!:389U1!3:9<C!?<C:=CW84V!3!

"<CD< >9744+0,+@#A97$1!O[[!*AM5!

^K`1!^^^!_6<7A!O[RKJA!)U8;!:84584V!8;!W39<C8377Z!<4U34D<5!X<D3T;<!3!

177!

%/Ag!177!#"$)!=(+.7+:.#/)$+=(*,+129)"/7.$+6%A%O,1!QL!*AL5!OQ1!QQ!_6<7A!

%UA!MNOLJ_;93984V!58C<D9=C;!3C<!4=9!849<C<;9<5!T47<;;!C<D<8@84V!;=W<!

<c9C3!X<4<:89!9U34!9U<!=9U<C!;U3C<U=75<C;Jg! !

RQ!*AL5!K[R1!^N[!_6<7A!%UA!MNOLJ_;93984V!9U<C<!8;!3!?C<;TW?98=4!=:!

O^!!

845<?<45<4D<!9U39!8;!4=9!=@<CD=

;9<C878d<5JA!)U<C<:=C<1!9U8;!%=TC9!;U=T75!4=9!;TX;989T9<!9U<8C!=>4!

9UC<39!9=!D=C?=C39<!?=78DZ!345!<::<D98@<4<;;A!177!:)3$<!`QQ!*AM5!39!

ONNOA!

)U<!V3W84V!=?98=4!>3;!37;=!C<3;=43X7<!84!?C=?=C98=4!9=!9U<!9UC<39!

<::<D98@<4<;;A!)U<!?C=5TD98=4!=:!D=WX39!=C8<49<5!@85<=!V3W<;!8;!84!

9=!:CT;9C39<!9U<!>U=7<!?TC?=;<!=:!,C38;<!B85<=!3;!3!,.%1!3!?TC?=;<!

A!*DD<?984V!34!

379<C439<!X851!<@<4!=4<!>U8DU!>3;!D=45898=4<5!T?=4!3DD<?934D<!=:!3!

7=D]!T?!3VC<<W<49!78]<!9U<!V3W84V!=?98=41!>3;!3!C<3;=43X7<!C<;?=4;<!9=!

=?98=4!>3;!>89U84!3!C34V<!=:!C<3;=43X7<4<;;A!!

X85!

89;<7:!>3;!4=9!D=<CD8@<!=C!?C<D7T;8@<A!)U<C<:=C<1!9U<!6<:<45349;!

VC34984V!3!?C<78W843CZ!84YT4D98=4!3V384;9!9U<!+<>!&=?<b,C38;<!B85<=!

W<CV<C!X<D3T;<!9U<!,738498::;!D344=9!;TDD<<5!=4!9U<!W<C89;!=:!9U<8C!

D738WA!

OR!!

''A! $67#48=:C#8<#0D:7?;8:B#CDC#>8;#ID8E=;7#=>@#<DC9?D=:@#C9;D7B#A@#

:7K9D:7G7>;#=>C#7>B9:7C#E8>F7ID;@#8<#D;B#?8:H8:=;7#H9:H8B7#<8:#;67#B6=:768EC7:B5!

!" $%&'()*+#,-&'&+(&.#685!9U<!%=TC9!=:!%U34D<CZ!3XT;<!89;!58;DC<98=4!>U<4!89!8W?=;<5!3!

9U=TVU!9U<!.=3C5!=:!68C<D9=C;!?C=?<C7Z!58;DU3CV<5!89;!5T98<;!T45<C!

;<D98=4!LRM_XJ!9=!D=4;85<C!X=9U!:8434D837!345!4=4:8434D837!V=37;!=:!

9U<!D=C?=C398=4l!

9" /0*1&#*2#3&4)&5#*??<7739<!D=TC9;!C<@8<>!?C<78W843CZ!84YT4D98=4;!:=C!3XT;<!=:!

58;DC<98=4A!Q%(%(O7.1!QNQ!*AM5!39!KNA!)U<!%=TC9!=:!%U34D<CZk;!7<V37!

D=4D7T;8=4;!3C<!;TXY<D9!9=!/7+()0)!C<@8<>A!6#8$)(1!`[Q!*AM5!39!QKLA!!

=" 6&-)('#*2#!-7%8&+(#

!`!6<7A!%A!a!ONO_XJA!6<73>3C<!

73>!8W?=;<;!9U<!5T9Z!9=!W343V<!9U<!XT;84<;;!345!3::38C;!=:!;TDU!3!

D=C?=C398=4!=4!9U<!.=3C5!=:!68C<D9=C;A!`!6<7A!%A!a!OKO_3JA!)U<!C<D<49!

D=C?=C39<!;939T9<;!<c?345;!D=C?=C39<!<49<C?C8;<!345!D73C8:8<;!3!

`!6<7A!%A!aa!LRObR`A!)U<!,.%!;939T9<;!

355!?C<D8;8=4!XZ!<c?78D897Z!<;93X78;U84V!C<78V8=4!3;!3!73>:T7!

D=C?=C39<!849<C<;9A!`!6<7A!%A!a!LRM_XJA!!

b

?C=5TD<!3!?TX78D!X<4<:89!=C!?TX78D!X<4<:89;!345!9=!=?<C39<!84!3!

C<;? `!6<7A!%A!a!LRM_3JA!)U<!;939T9<;!

<::<D9;J!=4!O!=C!W=C<!D39<V=C8<;!=:!?<C;=4;1!<49898<;1!D=WWT4898<;1!=C!

OQ!!

849<C<;9;!_=9U<C!9U34!;9=D]U=75<C;!84!9U<8C!D3?3D89Z!3;!;9=D]U=75<C;J!

`!6<7A!

%A!a!LRM_XJ

W343V<h5i!84!3!W344<C!9U39!X3734D<;!9U<!;9=D]U=75<C;k!?<DT483CZ!

849<C<;9;1!9U<!X<;9!849<C<;9;!=:!9U=;<!W39<C8377Z!3::<D9<5!XZ!9U<!

D=C?=C398=4k;!D=45TD91!345!9U<!?TX78D!X<4<:89!=C!?TX78D!X<4<:89;!

`!6<7A!%A!a!LRM_3JA!!

)U<!734VT3V<!=:!;<D98=4!LRM_3J!8;!W34539=CZ1!345!9U<C<:=C<1!3!,.%!

X=3C5!WT;9!3D9!>89U!3!U=78;98D!3??C=3DU!9=!D=C?=C39<!V=@<C434D<1!

C39U<C!9U34!;=7<7Z!9=!<4U34D<!;U3C<U=75<C!><379UA!`!6<7A!%A!a!

84D=C?=C398=4A!`!6<7A!%A!a!LRM_3J_MNOKJA!'4!;=!5=84V1!3!X=3C5!

;398;:8<;!89;!:85TD83CZ!5T98<;!;=!7=4V!3;!9U<!X3734D84V!93]<;!?73D<!

9U39!4=!?<C;=4!=:!= `!6<7A!%A!a!

LR^_XJA!!

Q5#):=DB7#PDC78#G=@#H:8G8;7#:7EDFD89B#I=E97B#BDG9E;=>789B#;8#B77RD>F#H:8<D;B#=B#=#H9AED?#A7>7<D;#?8:H8:=;D8>5!

)U<!?3;;3V<!345!8W?7<W<49398=4!=:!9U<!,.%!;939T9<;!84!MNOL!;8V437<5!

3!W3Y=C!;U8:9!84!9U<!9C35898=437!3??C=3DU!9=!6<73>3C<!D=C?=C39<!73>A!*!

D=C?=C398=4!W3Z!4=>!:=CW!>89U!9U<!<c?C<;;!?TC?=;<!=:!:TC9U<C84V!3!

C<78V8=T;!849<C<;91!:C<<!:C=W!9U<!C<\T8C<W<49!9=!;=7<7Z!W3c8W8d<!

;U3C<U=75<C!><379UA!&=><@<C1!9U8;!DU34V<!84!D=C?=C39<!?TC?=;<!78W89;!

9U

:85TD83CZ!5T98<;A!!

O`!!

F=C!9U<!?3;9!LN!Z<3C;1!L70")(<+=(*,+0,+@#*-(/.78$+?+M).N7$+F)"/%(O$<+

=(*,!

5T98<;!5TC84V!3!DU34V<!=:!D=49C=7!;37<A!^NR!*AM5!OQL!_6<7A!O[`RJA!

L70")(!8W?=;<;!D<C9384!5T98<;!=4!3!X=3C51!345!58C<D9;!89!9=!D=4;85<C!

=47Z!9U<!U8VU<;9!;U3C<!?C8D<!>U<4!;<7784V!9U<!D=W?34Z!=C!;=78D8984V!

X855<C;A!=/,!39!O`KA!)U<;<!;=b L70")(! !

)U<!=X78V398=4!=:!3D984V!C<3;=43X7Z!9=!;<<]!9U<!9C34;3D98=4!=::<C84V! 9U<! X<;9! @37T<! C<3;=43X7Z! 3@3873X7<! 9=! 9U<!

?C=D<;;! ;<<]84V! 9=! ;<77! 89;<7:! =C! 9=! <::<D9! 3! XT;84<;;!C<=CV348d398=4!84@=7@84V!3!D7<3C!XC<3]bT?!=:!9U<!D=W?34ZA!

-.()"/+0,+1)*23+4).+1#0,+!#(*).51!'4DA1!R^N!*AM5!OMQN1!OM`[b[N!_6<7A!

O[[KJ!_D8984V! RLQ!*AM5!

LK1!KL!_6<7A!O[[LJg!:%C7<+^QO!*AM5!39!OO^NJA!!

)U8;!D=TC9!U3;!?C<@8=T;7Z!;939<5!9U39!3!X=3C5!W3Z!D=4;85<C!:3D9=C;!

3;!><379U!W3c8W8d398=4A!@%""$+-*B&%$%A%)(+>),+0,+@#*C%""#(<+=(*,1!^^[!

*AM5!OMRO1!OM`M!4AM[!_6<7A!O[`[JA!)U<!%=TC9!=:!%U34D<CZ!?=;89<5!9U39!

b;9=D]U=75<C!D=4;85<C398=4;!

7!#3+S)C7$A%*+

F)"/%(O$<+=(*,+0,+E78C#.;1!OR!*AL5!O1!LK!_6<7A!%UA!MNONJA!&=><@<C1!

9U<;<!D3;<;!U84V<!=4!9U<!L70")(!?C<;TW?98=4!9U39!;U3C<U=75<C;!U3@<!

84@<;9<5!84!3!D=C?=C398=4!;=7<7Z!9=!C<378d<!3!:8434D837!C<9TC4!=4!

9U<8C!84@<;9W<49A!!

(<D98=4!LRM_XJ!4=>!C<D=V48d<;!345!<WXC3D<;!9U<!<c8;9<4D<!=:!=9U<C!

D=C?=C39<!345!;U3C<U=75<C!849<C<;9;!X<Z=45!><379U!W3c8W8d398=4A!`!6<7A!

%A!a!LRM_XJA!+=4b:8434D837!849<C<;9;!;TDU!3;!C<78V8=41!:=CW<C7Z!

O[!!

!

,C38;<!B85<=!:=CW<5!T45<C!9U<!,.%!;939T9<;!84!=C5<C!9=!?TC;T<!

?C=:89;!>U87<!35@34D84V!C<78V8=T;!849<C<;9;A!`!6<7A!%A!aa!LRObR`A!)U<!

,.%!;939T9<;!<c?78D897Z!377=>!,C38;<!B85<=!9=!<4V3V<!84!;TDU!D=WW<CD<A!

`!6<7A!%A!aa!LRM_3J1_XJA!IU87<!L70")(!345!89;!?C=V<4Z!>=T75!3??7Z!9=!

C8=C!9=!?3;;3V<!=:!9U<!,.%!

;939T9<;1!9U<!;939T9<;!4=>!58C<D97Z!D=4:78D9!>89U!L70")(

C<3;=484V!3;!3??78<5!9=!9U8;!D3;<A!)U<C<:=C<1!L70")(

?73D84V!9U<!U8VU<;9!X85!?C8D<!3X=@<!377!=9U<C!D=4;85<C398=4;!84!3!

D=C?=C39<!;37<!D344=9!7=V8D377Z!:89!>89U!9U<!,.%!;939T9<;A!L70")(1!^NR!

*AM5!39!O`KA!

439TC<!5=<;!4=9!DU34V<!9U<!3437Z;8;A!*DD=C584V7Z1!>)(7$A)O#+345!

;8W873C!D3;<;!U3;!4=!3??78D398=4!9=!9U8;!D3;<A!>)(7$A)O#+Q))/+

157*%#"A%7$+>).5,+0,+17*23+)4+',1,+S752A+)4+F7#"A9+?+F&C#(+17.0$A1!QMK!

FAL5!LQQ!_L5!%8CA!MNOLJ1!*7.A,+O.#(A7/1!OLK!(A!%9A!RQ`!_MNOLJA!

>)(7$A)O#!

:!C<78V8=4A!

=/,+39!L`NA!&=><@<C1!T478]<!>)(7$A)O#1!9U8;!D3;<!84@=7@<;!3!?C8@39<!

D=C?=C39<!9C34;3D98=4!<c?78D897Z!377=><5!T45<C!6<73>3C<!73>A!=/,!

:=C!;U3C<U=75<C;!>U87<!?C=W=984V!"<44=489<!@37T<;b!@37T<;!9=!>U8DU!9U<!

@3;9!W3Y=C89Z!=:!;U3C<U=75<C;!3;DC8X<A!,C38;<!B85<=!?TC;T<;!D=C?=C39<!

?C=:89;!84!9U<!=?<4!W3C]<9!XZ!93CV<984V!3!?=?T7398=4!>8;U84V!9=!XTZ!

;?<D8379Z1!%UC8;9834b9U<W<5!?C=5TD9;A!$<78V8=T;!?TC?=;<!8;!4=9!<3;87Z!

MN!!

;<?3C39<5!:C=W!?TC;T89!=:!?C=:89;!:=C!,C38;<!B85<=A!'4!3!5<D8;8=4!

58C<D97Z!=??=;<5!9=!>)(7$A)O#1!9U<!ON9U!%8CDT89!3?97Z!;939<5e!

h(i84D<C<7Z! C<78V8=T;! ?<C;=4;! D=T75! :845! 3! D=44<D98=4!X<9><<4! 9U<! <c<CD8;<! =:! C<78V8=4! 345! 9U<! ?TC;T89! =:!

! :=Cb?C=:89!C<37W! 849<4584V! 9=! 5<W=4;9C39<! 9=! 9U<! W3C]<9?73D<! 9U39! 3!D=C?=C398=4! D34! ;TDD<<5! :8434D8377Z! >U87<! 35U<C84V! 9=!C<78V8=T;!@37T<;A!

F)NN3+6)NN3+1A).7$<+=(*,+0,+17N7"%&$1!QML!FAL5!OOOK1!OOL^!_ON9U!%8CA!MNOLJ!*7.A,+O.#(A7/1!OLK!(A!%9A!RQ`!_MNOLJA!

(8W873C!?U87349UC=?8D!=C!DT79TC37!?TC;T89;!37C<35Z!=DDTC!84!XT;84<;;!

=T9;85<!9U<!C<78V8=T;!D=49<c9A!F=C!<c3W?7<1!XT;84<;;<;!W3Z!=47Z!

!D=WW=4?73D<!

XT;84<;;!?734!9=!>U8DU!9U<!X=3C5!345!;U3C<U=75<C;!U3@<!3;;<49<5A!'4!

:3D91!W=C<!9U34![Nj!=:!,C38;<!B85<=!;U3C<U=75<C;!3??C=@<5!9U<!

C<=CV348d398=4!=:!9U<!D=W?34Z!3;!3!,.%A!*;!;TDU1!,C38;<!B85<=!U3;!3!

7<V37!C8VU9!9=!?TC;T<!3!C<78V8=T;!?TC?=;<!3;!3!:=Cb?C=:89!,.%A!

S5#$67#48=:C#8<#0D:7?;8:B#6=B#=>#D>;7:7B;#=>C#C9;@#;8#<9:;67:#;67#!

)U<!4<>!,.%!;939T9<;!C<\T8C<!3!5<?3C9TC<!:C=W!3!;9C84V<491!?TC<7Z!

<;A!)U<!9C35898=437!

T45<C;934584V!=:!D=C?=C39<!849<C<;9!:=T45!84!L70")(!D344=9!X<!;9C8D97Z!

3??78<5A!'4!L70")(

8;!84<@893X7<1!9U<!5T9Z!=:!9U<!58C<D9=C;!DU34V<;!:C=W!?C<;<C@84V!9U<!

! L70")(1!

^NR!*AM5!39!O`MA!!

9<;9!:=C!D=C?=C398=4;!:=CW<5!T45<C!9U<!,.%!;939T9<;A!)U<!;939T9<;!

V:T7!

MO!!

DU34V<!:C=W!9U<!9C35898=437!D=C?=C39<!CT7<;!84!9<CW;!=:!?C=9<D98=4!=:!

bKL*!63@85!*A!6C<c7<C!<9!37A1!S7"#8#.7+

>).5).#A%)(+6#8+#(/+P.#*A%*71!a!KL*ANMA!'4!:3D91!9U<!;939T9<;!C<\T8C<!

U<8VU9<4<5!:85TD83CZ!5T98<;!345!;U3C<U=75<C!@=9<!9UC<;U=75;!9=!<4;TC<!

35<\T39<!5<78X<C398=4!345!3>3C<4<;;!=:!9U<!DU34V<A!`!6<7A!%A!aa!LRL1!

LR^A!

`!6<7A!%A!a!

LRM_3JA!'4!=C5<C!9=!3DU8<@<!9U39!849<45<5!?TX78D!X<4<:891!9U<!X=3C5!

849<C<;9;!=:!9U<!;9=D]U=75<C;1!9U<!X<;9!849<C<;9;!=:!9U=;<!W39<C8377Z!

=C! `!

6<7A!%A!a!LR^_3J

P#.#C)&(A1!RLQ!*AM5!39!KLbKK!

_D8984V!@%""$1!^^[!*AM5!39!OM`NJA!!

5T98<;!8:!89!585!4=9!93]<!849=!3DD=T49!U=>!9U<!XT;84<;;!>=T75!CT4!

:=77=>84V!9U<!W<CV<CA!,C38;<!B85<=!;TDD<;;:T77Z!C<=CV348d<5!3;!3!,.%1!

W<3484V!=@<C![Nj!=:!;U3C<U=75<C;!<45=C;<5!9U<!?TX78D!X<4<:89!?TC?=;<!

=:!9U<!D=W?34Z!XZ!@=984V!84!:3@=C!=:!9U<!C<=CV348d398=4A!)U39!

C<=CV348d398=4!3;!3!,.%!X845;!9U<!X=3C5!=:!58C<D9=C;!9=!:T77Z!D=4;85<C!

9U<!?TX78D!?TC?=;<!>U87<!58;DU3CV84V!89;!5T98<;A!':!9U<!X=3C5!><C<!9=!

=47Z!93]<!849=!3DD=T49!9U<!;U3C<!?C8D<!345!4=9!9U<!?TX78D!X<4<:891!

9U39!5<9<CW84398=4!>=T75!8V4=C<!9U<!9U8C5!C<\T8C<W<49!=:!9U<!

MM!!

$&5.#A!)UT;1!9U<!X=3C5!=:!58C<D9=C;!>=T75!X<!5<C<78D9!84!89;!5T98<;!8:!

89!585!4=9!D=4;85<C!9U<!?TX78D!X<4<:89!849<C<;9;!=:!9U<!D=C?=C398=4!

?=;9bW<CV<CA!

TA!8<#D>;7:7B;B#G=>C=;7C#9>C7:#B7?;D8>#TJU5!

! *!X=3C5!=:!58C<D9=C;!WT;9!D=4;85<C!9UC<<!:3D9=C;!>U87<!W343V84V!

9U<!3::38C;!=:!3!?TX78D!X<4<:89!D=C?=C398=4e!?<DT483CZ!X<4<:89;!9=!

;U3C<U=75<C;1!9U<!X<4<:89!9=!9U=;<!W39<C8377Z!3::<D9<5!XZ!9U<!

`!6<7A!%A!a!LR^_3JA!+=!8458D398=4!

<c8;9;!84!9U<!;939T9<1!4=C!D3;<!73>1!;TVV<;984V!>U39!><8VU9!3!X=3C5!

WT;9!V8@<!<3DU!:3D9=CA!+=9U84V!8458D39<;!9U39!=4<!:3D9=C!WT;9!U=75!

?C8W3DZ!=@<C!34=9U<CA!)U<!58C<D9=C;!3C<!<49CT;9<5!9=!><8VU!9U<!:3D9=C;!

3;!9U<Z!;<<!:891!84!9U<!X<;9!849<C<;9;!=:!9U<!D=C?=C398=4!345!9U<!

9=!;9=D]U=75<C;!345!9U<!D=C?=C398=4!8:!;TDU!58C<D9=Ck;!5<D8;8=4!8;!

X=9U!84:=CW<5!345!58;849<C<;9<5!345!4=9!;TDU!9U39!4=!?<C;=4!=:!

`!6<7A!%A!a!LR^_XJA!!

5<D8;8=4!T45<C!9U<!,.%!;939T9<;A!)U<!XT;84<;;!YT5VW<49!CT7<!m8;!3!

?C<;TW?98=4!9U39!84!W3]84V!3!XT;84<;;!5<D8;8=41!9U<!58C<D9=C;!=:!3!

D=C?=C398=4!3D9<5!=4!34!84:=CW<5!X3;8;1!84!V==5!:389U!345!84!9U<!

U=4<;9!X<78<:!9U39!9U<!3D98=4!93]<4!>3;!84!9U<!X<;9!849<C<;9!=:!9U<!

D=W?34ZAm!!7(%9#(#+)4+:);3)<+=(*,+0,+!7(%9#(#<+=(*,1![NR!*AM5!OOK1!OMN!

_6<7A!MNNRJ!_D8984V!-.)($)(+0,+678%$1!KQL!*AM5!`N^1!`OM!_6<7A!O[`KJJA!

ML!!

78VU9!=:!C<7<@349!D8CDTW;934D<;!9=!5<9<CW84<!8:!9U<Z!><C<!T45<C93]<4!

>89U!5T<!5878V<4D<!345!84!V==5!:389UA!':!4=!XC<3DU!=:!5T9Z!8;!:=T451!

9U<!X=3C5k;!3D98=4;!3C<!<49897<5!9=!9U<!?C=9<D98=4;!=:!9U<!XT;84<;;!

!#.;#(+0,+-C$A7/+=(/&$A1!'4DA1!^RQ!*AM5!OMQ[1!OM`R!

_6<7A!O[`[J!_D8984V!'()*#"<!K[L!*AM5!39![^K ^^g!@%""$1!^^[!*AM5!39!

OM`R ``JA!*!?738498::!WT;9!?C=@<!9U39!

9U<!9C835;!=:!9U<8C!:85TD83CZ!5T9Z

84!C<3DU84V!9U<!5<D8;8=4A!>7/7+?+>),+0,+:7*9(%*)").<+=(*A1!RLK!*AM5!

LK^1!LRO!_6<7A!O[[LJ!/7*%$%)(+C)/%4%7/+)(+.7#.O&C7(A1!RLR!*AM5![^R!

_6<7A!O[[KJA!!

,738498::;!U3@<!:387<5!9=!=::<C!;T::8D8<49!?C==:!9U39!9U<!X=3C5!3;!3!

>U=7<!XC<3DU<5!9U<!;939T9=CZ!5T98<;!T45<C!;<D98=4;!LR^_3J!=C!LR^_XJA!

>7/7<+RLK!*AM5!39!LROA!)U<!X=3C5!>3;!5T7Z!84:=CW<5!=:!377!?<C984<49!

84:=CW398=41!345!9U<!=47Z!X=3C5!W<WX<C!>89U!98<;!9=!X=9U!;85<;!=:!9U<!

5=!4=9!3;;<C9!9U39!.8;;84V<C!W35<!34Z!5<D8;8=41!=C!;939<W<491!84!X35!

:389UA!)U<C<:=C<1!9U8;!D=TC9!;U=T75!?C<;TW<!9U39!.8;;84V<C!W35<!U8;!

5<D8;8=4!84!V==5!:389UA!!7(%9#(#1![NR!*AM5!39!OMNA!

,738498::;!=::<C!=47Z!=4<!;939<W<49!XZ!.8;;84V<C!9=!3CVT<!9U39!9U<!

X=3C5!8W?C=?<C7Z!><8VU<5!9U<!C<\T8C<5!:3D9=C;A!.8;;84V<C!;939<5!9U391!

V=37;!=T9><8VU<5!9U<!58::<C<4D<!84!?C8D<!X<9><<4!9U<!"<CD<C!345!+<>!

&=?<!X85;A!24<!;939<W<49!XZ!=4<!58C<D9=C!=T9!=:!:8@<!>U=!@=9<5!=4!9U<!

W<CV<C!5=<;!4=9!;TVV<;9!9U<!<498C<!X=3C5!3X58D39<5!89;!

C<;?=4;8X87898<;A!)U<!X=3C5!5<78X<C39<5!:=C!=@<C!;<@<4!U=TC;!>U<4!

MK!!

?C<;<49<5!>89U!9U<!W<CV<C!3VC<<W<49;1!>U8DU!5<W=4;9C39<;!9U39!9U<!

X=3C5!585!4=9!93]<!9U<!5<D8;8=4!78VU97Z1!4=C!:387!9=!35<\T39<7Z!><8VU!

89;!=?98=4;A!!

E3D=X!.8;;84V<C!3D9<5!84!V==5!:389U!9=!35@34D<!9U<!V=37;!=:!9U<!

W<<984V!9U39!U<!D=T75!4=91!84!U8;!X<;9!YT5VW<491!;T??=C9!3!W<CV<C!>89U!

D=4984T398=4!3;!3!,.%1!,<44=D]!3;;TC<5!9U<!X=3C5!9U39!U<!>=T75!CT4!9U<!

D=W?34Z!>89U!9U<!;3W<!@37T<;A!"<CD<C!W35<!4=!;TDU!VT3C349<<A!.8;;84V<C!

:<79!9U39!5T<!9=!9U<!?=9<49837!<c?34;8=4!=:!@8=7<49!@85<=!V3W<!

?C=5TD98=41!XC84V84V!,C38;<!B85<=!T45<C!9U<!D=49C=7!=:!"<CD<C!>=T75!X<!

9U<!D=C?=C39<!?TC?=;<!3;!3!,.%A!!

#@<4!93

`!6<7A!%A!a!LR^_XJA!)U<!;939T9<!<c?78D897Z!78;9;!9U<!;939<5!

?TX78D!X<4<:89!3;!3!:3D9=C!9=!X<!D=4;85<C<5A!=/A!,C38;<!B85<=!84D7T5<5!

9U<!<c?C<;;!?TC?=;<!=:!:TC9U<C84V!"<44=489<!@37T<;!84!89;!D<C98:8D39<!

=:!84D=C?=C398=4A!)UT;1!.8;;84V<C!C<3;=43X7Z!D=4;85<C<5!89A!.8;;84V<C!

5<<W<5!9U<!?TX78D!X<4<:89!:3D9=C!9=!><8VU!W=C<!U<3@87Z!=4!9U<!

5<9<CW84398=4!9U34!;U3C<!?C8D<A!*;!3!58C<D9=C!=:!3!,.%1!.8;;84V<C!9==]!

3D98=4!84!9U<!X<;9!849<C<;9;!=:!9U<!;U3C<U=75<C;!345!D=C?=C398=41!><77!

>89U84!U8;!;939T9=CZ!8W?=;<5!5T98<;A!!

'4!:3D91!.8;;84V<C!W3Z!U3@<!@8=739<5!U8;!5T98<;!8:!U<!3??C=@<5!9U<!

"<CD<C!W<CV<CA!':!9U<!;U3C<U=75<C;!C<=CV348d<5!84!=C5<C!9=!C<378d<!9U<!

X<4<:89;!=:!,.%!;939T;1!9U<Z!4<D<;;3C87Z!C<\T8C<5!.8;;84V<C!9=!

M^!!

D=4;85<C!9U<!7=4Vb9<CW!?TC?=;<!=:!9U<!D=C?=C398=4A!177!`!6<7A!%A!a!

LR^_3JA!.8;;84V<C!]4<>!9U39!9U<!D=C?=C398=4!DC<39<5!T45<C!3!W<CV<C!

>89U!"<CD<C!>=T75!4=9!T?U=75!9U<!V=37;!,C38;<!B8

84!W845!>U<4!9U<Z!C<=CV348d<5A!*;!3!X=3C5!W<WX<C1!.8;;84V<C!U35!3!5T9Z!

V=37A!.Z!@=984V!:=C!3!W<CV<C!>89U!"<CD<C1!.8;;84V<C!>=T75!]4=>!9U39!

89!V=37!>=T75!D<3;<!9=!<c8;91!9UT;!8V4=C84V!

89!3;!D=4D<C4!T45<C!LR^_3JA!`!6<7A!%A!a!LR^_3JA!

)U<C<:=C<1!*??<77349;!C<;?<D9:T77Z!C<\T<;9!9U8;!%=TC9!35U<C<!9=!9U<!

585!4=9!XC<3DU!89;!:85TD83CZ!5T9Z!XZ!3??C=@84V!9U<!+<>!&=?<b,C38;<!

B85<=!W<CV<CA!!

,8>?E9BD8>!

! F=C!9U<!C<3;=4;!;939<5!U<C<841!*??<77349;!C<;?<D9:T77Z!C<\T<;9!9U8;!

84YT4D98=4A!