%A>6A0<<4B 4C 5>=2C8>=B BAFH?G8E ?4 ?<FG8 4H 78FFBHF CBHE ?8F 78F6E<CG<BAF 78 CEB:E4@@8 d:4?4AG ?8F AB@F 78 CEB:E4@@8 8G ?8F 5BHGBAF 7BCG<BA BAG
GEBHId FHE IBGE8 C4AA84H 78 EBA78??8 !4B ?A>6A0<<4B 4C ;4B 5>=2C8>=B 38B?>=81;4B E0A84=C ?0A ;4 <>3U;4 $4 :4@@8 78
CEB:E4@@8F <A6?HG E4C<78 ?4I8 78F CEB:E4@@8F CBHE 4 F4?< ?d:cE@8AG ?4 ?8FF<I8 8G ?8F CEB:E4@@8F GEdF EdF<FG4AGF 6BAbHF CBHE
BAG F4?< ?BHE78@8AG ?4 ?8FF<I8 ?4 (E8FF8 BGBA(8E@4A8AG ;4H78 #!+* ?4 (BHFd8 7!AGdE<@4<E8 ;B<F<E ?8 5BHGBA GEcF
EdF<FG4AG 7BCG<BA CBHE 4H:@8AG8E ?4 ?BA:8HE 78 6L6?8 CBHE 4<78E 8A?cI8 78F G46;8F 8G ?4H:@8AG4G<BA 7HE8F A8GGBL4AG ?8Kd6HG<BA
!!" $## $" !-/=4):7<<76 !8=64 =>A<0; >C>= !5C >?=C 45 @B?7B1==5 C?>D <?31<9CTC CEB <5 C53D5EB 45
314B1> 45 CT<53D9?>>5EB 45 @B?7B1==5
74, :71, BD93<5C B?2ECD5C BTC9CD1>DC O <ECEB5 5> 3?D?> ?E 5> <9> 4?>D <5C D59>D5C @5EF5>D =97B5B ?E C5CD?=@5B
&):5 0)=, BD93<5C B?2ECD5C BTC9CD1>DC O <ECEB5 5> 3?D?> ?E 5> <9> 3?==5 <5C :51>C <5C D^C89BDC 5D <5C @?<?C
7< #:J; 0)=, BD93<5C B?2ECD5C BTC9CD1>DC O <ECEB5 3?>653D9?>>TC 5> 3?D?> ?E 5> <9> 4?>D <5C FUD5=5>DC 45 DB1F19< 5D <1 <9>75B95 45
3?B@C
#-58 77;< 16/- 67:5)4
7<76 >-+ )27=< ,- +0)4-=:
!5C BT7<175C !9>75 >?B=1< ?D?> C?>D 45CD9>TC O 45C D9CCEC 7B1>4 D59>D DBSC C1<5C 5D?E D138TC BD93<5C B?2ECD5C BTC9CD1>DC O <ECEB5
3?>653D9?>>TC 5> 3?D?> ?E 5> <9> 4?>D <5C C5BF95DD5C <5C 4B1@C ?E <5C 381ECC5DD5C 45 C@?BD 2<1>385C
!!" $## $" -:5)6-6< 8:-;; !5C >?=C 45 @B?7B1==5 C?>D <?31<9CTC CEB <5 C53D5EB 45 314B1> 45 CT<53D9?>>5EB 45
@B?7B1==5
74, :71, BD93<5C B?2ECD5C BTC9CD1>DC O <ECEB5 5> 3?D?> ?E 5> <9> 4?>D <5C D59>D5C @5EF5>D =97B5B ?E C5CD?=@5B
&):5 0)=, +UD5=5>DC B5AETB1>D E>5 CTAE5>35 C@T391<5 45 <1F175 1F53 179D1D9?> 5D E>5 F9D5CC5 45CC?B175 C@T391<5 @?EB
=9>9=9C5B <5 6B?9CC175 D5<C AE5 <5C 385=9C95BC 385=9C5C 5D D12<95BC
7< #:J; 0)=, +UD5=5>DC B5AETB1>D E>5 CTAE5>35 C@T391<5 45 <1F175 1F53 179D1D9?> 5D E>5 F9D5CC5 45CC?B175 C@T391<5 @?EB
=9>9=9C5B <5 6B?9CC175
8<176 =<<76; 7=:61: ,-; 78<176; ;=884J5-6<)1:-; ,1;876*14-; 8-6,)6< 4)>-6< ,-; 8:7/:)55-; !?31<9CT 41>C <5 C53D5EB
(E@@<T=5>D19B5 45 ?>3D9?>C
-BT4E9D <1 3?>C?==1D9?> 4T>5B795 ED9<9CT5 @?EB <5 @B?7B1==5 45 <1F175 CT<53D9?>>T
4)6+015-6< 4-)+0 <1@@1B59< 1:?ED5 E> 3I3<5 45 2<1>389=5>D 1E @B?7B1==5 CT<53D9?>>T
!16H)/- 4=; !16;- 4=; 3I3<5 45 B9>R175 CE@@<T=5>D19B5
)>)/- 16<-6;1. -)>A =<A <1 4EBT5 45 <1F175 1E7=5>D5 31B <1 381B75 45 <9>75 5CD DBSC C1<5
"8-+1)4 :7/:)5; %A>6A0<<4B B?V280DG 7=: 4) 4-;;1>- ;8J+1.19=- ) *-;716 ,- !5C >?=C 45 @B?7B1==5 C?>D
<?31<9CTC CEB <5 C53D5EB 45 314B1> 45 CT<53D9?>>5EB 45 @B?7B1==5
"'t'T7E<95B<5C 314B5C 45 ?D?> C?>D <9>D5>D9?> 5EC UDB5 ED9<9CTC @?EB 1 C1<9 <?EB45=5>D 5D?E <5C D9CCEC 7B1>4 D59>D
D138TC ?BD <5C 1BD93<5C 45 6?BD@?BD1>D 619DC 45 3?D?> ?E <5 <9>75 3?==5 <5C C5BF95DD5C <5C 65E9<<5C ?E <5C 381ECC5DD5C
45 C@?BDC 2<1>385C- 4)>-B 8); 4- 416/- 5=4<1+747:- )>-+ ,)=<:-; 81I+-; ,- 416/-
-41+)<-;"143 !5C BT7<175C T<931DC C?>D 45CD9>TC 1EH @9S35C 45 <9>75 4T<931D5C =19C 6139<5 O 5>DB5D5>9B 5> 3?D?> C1D9>
CI>D8TD9AE5C ?E 5> D5HD9<5 =T<1>7T 5D 1EH F?9<175C @BUD^O^@?BD5B :E@5C 5D 385=9C95BC
)6, &);0 )>)/- G 4) 5)16
)6, ?);0 &774
&774 )16-
!5C BT7<175C !1F175 O <1 =19> C5BF5>D O <1F5B <5C @9S35C 45 <9>75 DBSC 4T<931D5C =19C 6139<5C O 5>DB5D5>9B AE9< 61ED
8129DE5<<5=5>D <1F5B O <1 =19> 5C 3I3<5C 45 <1F175 ?>D TDT C@T391<5=5>D 3?>REC @?EB DB19D5B <5C D5HD9<5C DBSC 5>
4?E35EB 5 3I3<5 @5B=5D 45 <1F5B C1>C B9CAE5C D?EC <5C <19>175C 1BD93<5C 5> C?95 ?E 49F5BC 3?=@?BD1>D <5 CI=2?<5 E
45 <1F175 O <1 =19> L1>4 G1C8M CEB <TD9AE5DD5 45>DB5D95>
&774 )16-
!19>175C <1F12<5C 5> =1389>5 5D O<1 =19>
''#!(#)'.t
5 @B?7B1==5 1 TDT C@T391<5=5>D 3?>RE @?EB CE@@B9=5B <5C 213DTB95C 4?=5CD9AE5C <5C @<EC 3?EB1>D5C D?ED 5>
=T>1751>D <5C D5HD9<5C 5DD5 ?@D9?> CED9<9C5 1F53 <5 <9>75 7B1>4 D59>D DBSC C1<5 5D?E D138T AE9 >1 @1C 25C?9> 4UDB5
1C5@D9CT D5< AE5 <5C C5BF95DD5C <1 <9>75B95 45 3?B@C <5C 381ECC5DD5C <5C 4B1@C <5C >1@@5C 5D C5BF95DD5C 45 D12<5 5D3
75.7:<-:
%B?7B1==5 C@T391<5=5>D 3?>RE @?EB <5C 1BD93<5C 45 D19<<5 9=@?BD1>D5 ?E F?<E=9>5EH !1 =1389>5 ED9<9C5 41F1>D175
451E @?EB @1B619B5 <5 =?E9<<175 4E <9>75 5D 45C =?EF5=5>DC 45 B?D1D9?> =?9>C F97?EB5EH @?EB BT4E9B5 <TD9B5=5>D 4E
<9>75
-)6; (@T391<5=5>D 3?>RE @?EB <5 :51>C 5D <5C :51>C <?EB4C 35 @B?7B1==5 BT4E9D @1<WB 5D B945B
%?EB <5C 381B75C 45 <9>75 =9HD5 <T7SB5=5>D C1<5 @1B 5H 5> 3?D?> <9> CI>D8TD9AE5C ?E D9CCEC =9HD5C
=1+3 &);0
=1+3 41/0<
5 @B?7B1==5 5CD 3?>RE @?EB <5C <5CC9F5C 45 D?ED5C <5C D19<<5C 5> @1BD93E<95B @?EB <5C <5CC9F5C 45 D19<<5 =?I5>>5 O
T<5FT5 AE9 >5 C?>D @1C DBSC C1<5C *D9<5 @?EB <1 @<E@1BD 45C DI@5C 45 D9CCEC O <5H35@D9?> 45C D9CCEC 4T<931DC ?E @<EC
<T75BC
=1+3 41/0<
=1+3 ?);0
5 @B?7B1==5 5CD 3?>RE @?EB <5C <5CC9F5C 45 D?ED5C <5C D19<<5C 5> @1BD93E<95B @?EB <5C <5CC9F5C 45 D19<<5 =?I5>>5 O
T<5FT5 AE9 >5 C?>D @1C DBSC C1<5C *D9<5 @?EB <1 @<E@1BD 45C DI@5C 45 D9CCEC O <5H35@D9?> 45C D9CCEC 4T<931DC ?E @<EC
<T75BC