
27
+[3+0//,]+:5+30+G05:+7:/;:810+70/0+1:-:/+2-0+034<:-1084^-+<\5+50-0+9,6+:-+@_0C+[5+2-+80/G,94@/01,+8,<73:P,+H2:+7/,7,/84,-0+:-:/._0E++G/0E+L410<4-05+6+<4-:/03:5+
:5:-8403:5E+6+0-14,i4@0-1:5+G:-:+84,5,5+70/0+-2:51/,+82:/7,C+[3+0//,]+5:+72:@:+8,<G4-0/+8,-+,1/,5+034<:-1,5+5032@0G3:5E+8,<,+L:/@2/05E+;/2105E+80/-:+@:+/:5E+
7:580@,+6+0L:E+;/4P,3:5+6+7/,@281,5+@:/4L0@,5+@:+30+5,60C+
#054+:3+XX{+@:+0//,]+8,-52<4@,+:-+3,5+[[CWWC+5:+7/,@28:+:-+3,5+[[CWWC+!/?0-505E+#034;,/-40E+`24540-0E+M:P05E+p4554554774+6+p455,2/4+7/,@28:-+305+L0/4:@0@:5+@:+0310+
8034@0@+@:+0//,]+8,/1,E+<:@4,+6+30/.,+@:3+./0-,+05_+8,<,+0//,]+@:+30+:57:84034@0@+4-8326:-@,+P0]<_-E+G05<014E+0/G,/4,E+P07,-480+0/,<\148,+6+-:./,+/,P,E+:-1/:+,1/,5C
S06+<28905+@4;:/:-1:5+L0/4:@0@:5+@:+0//,]+@457,-4G3:5+:-+:3+<:/80@,C+B2+!//,8:/0+@:+!/,<0
=
+72:@:+80@0+L:]+8,84-0/+8203H24:/+147,+@:+0//,]+7:/;:810<:-1:C+!+
8,-14-2084^-+:-8,-1/0/\+305+L0/4:@0@:5+@:+0//,]+8,<d-<:-1:+@457,-4G3:5+6+525+80/081:/_514805R
#:&&.Y#/'#(&,*.#I,&(.#
[3+0//,]+@:+./0-,+30/.,+:5+030/.0@,+6+@:3.0@,E+6+52+3,-.412@+:5+@:+1/:5+0+
8201/,+L:8:5+<06,/+H2:+52+0-89,C+V0@0+52+8,<7,5484^-+@:+03<4@^-E+
3,5+./0-,5+8,84@,5+H2:@0-+<\5+5:70/0@,5E+34.:/,5+6+:57,-P,5,5E+:-+
8,<70/084^-+8,-+:3+0//,]+@:+./0-,+<:@40-,+,+8,/1,C+D@:03+8,<,+7301,+
7/4-84703+6+08,<70h0<4:-1,R+10],-:5+@:+0//,]E+;/412/05+8,-+7,8,+08:41:E+
:-5030@05+6+7430;5C+
:&&.Y#/'#(&,*.#;'/A,*.
[3+0//,]+@:+./0-,+<:@40-,E+:-+8,<70/084^-+8,-+:3+0//,]+@:+./0-,+30/.,E+:5+
<\5+8,/1,+6+0-89,E+6+52+3,-.412@+:5+@:+@,5+0+1/:5+L:8:5+<06,/+H2:+52+0-89,C+
`,5+./0-,5+8,84@,5+H2:@0-+<\5+9d<:@,5+6+14:/-,5+H2:+:3+0//,]+@:+./0-,+
30/.,E+6+14:-:-+2-0+<06,/+1:-@:-840+0+2-4/5:C+D@:03+70/0+7301,+7/4-84703+E+/45,11,+
,+0//,]+8,-+3:89:C
:&&.Y#/'#(&,*.#0.&+.#
[3+0//,]+@:+./0-,+8,/1,+:5+<\5+/:33:-,E+8,/1,+6+8054+/:@,-@:0@,C+`,5+./0-,5+
8,84@,5+H2:@0-+G30-@,5+6+14:-@:-+0+2-4/5:E+7:/,+02-+05_+H2:@0-+5:70/0@,5+6+
+Q0/0+<\5+4-;,/<084^-E+L4541:+:3+5414,+I:G+@:+30+A:@:/084^-+@:+!//,]+@:+3,5+[[CWWC+:-+8889)-,&A0'90.;=0.*-);'&C
03.,+.,<,5,5E+6+@:P0-+2-0+5:-5084^-+7:.0P,50+03+8,<:/3,5C+D@:03+70/0+52594E+7301,5+
054\148,5+6+7,51/:5C
:&&.Y#A*+'(&,I#
[3+0//,]+4-1:./03+:5+2-+034<:-1,+:3+(''{+:-1:/,+@:3+./0-,+H2:+80G:+305+702105+
@4:1a14805+@:+3,5+[[CWWC+70/0+30+/:8,<:-@084^-+@:+3,5+0<:/480-,5+03+
7/,@281,+@40/4,+@:3+02<:-1,+@:+./0-,5+:-1:/,5C+[3+0//,]+4-1:./03+-,+14:-:+30+8\580/0+
:i1:/4,/E+7:/,+8,-5:/L0+305+80705+@:+503L0@,+H2:+3:+@0-+2-+8,3,/+1,510@,E+2-0+
1:i12/0+03.,+.,<,50+6+2-+50G,/+@:3480@,+54<430/+03+@:+30+-2:]C+[3+0//,]+4-1:./03+:51\+
@457,-4G3:+:-+L0/4,5+147,5E+4-325,+:3+./0-,+8,/1,E+<:@40-,+6+30/.,+6+5:+72:@:+21434]0/+
031:/-014L0<:-1:+8,-+0//,]+G30-8,+:-/4H2:84@,C
:&&.Y#-AIH'-+&'#
[3+0//,]+503L0P:+:5+2-0+94:/G0+082\1480+8/:84@0+:-+p4--:5,10+6+#034;,/-40+6+:5+2-0+
0@484^-+;/:82:-1:+0+3,5+7430;5+@:3+0//,]+@:3+./0-,30/.,+6+305+<:]8305+@:3+0//,]C+B2+
50G,/+d-48,E+1:i12/0+6+8,3,/+,582/,+/48,+7/,7,/84,-0-+2-+08:-1,+@:3484,5,+0+3,5+
7301,5+@:3+0//,]C+[3+0//,]+503L0P:+10<G4a-+908:+2-+/:33:-,+<0/0L433,5,+70/0+305+0L:5+
@:+8,//03+820-@,+:51\+8,84-0@,+8,-+803@,+6+
<:]830@,+8,-+525+;/2105+5:80@05+7/:;:/4@05C
#:<NL:#MNV#:LLQl
##<.&+'-d,#/'#I,#U'/'&,0Ai*#/'#:&&.Y#/'#NN9KK9
27
+"48:+45+19:+7:/;:81+;,2-@014,-+;,/+1,@06F5+9:03194:/+:014-.C+D1+45+0+-21/4:-1$@:-5:+8,<73:i+80/G,96@/01:+1901+527734:5+:-:/.6E++G:/E+:55:-1403+L410<4-5+0-@+<4-:/035+
0-@+G:-:+8403+0-14,i4@0-15C+"48:+8,<G4-:5+I:33+I419+,19:/+9:03196+;,,@5+5289+05+L:.:10G3:5E+;/2415E+<:01E+5:0;,,@E+7,231/6E+G:0-5+0-@+5,6+;,,@5C+
):0/36+XX{+,;+/48:+8,-52<:@+4-+19:+WCBC+45+./,I-+4-+19:+WCBC+!/?0-505E+#034;,/-40E+`,24540-0E+M:i05E+p4554554774+0-@+p455,2/4+7/,@28:+94.9$H203416+L0/4:14:5+,;+
59,/1E+<:@42<+0-@+3,-.+./04-+/48:+05+I:33+05+57:840316+/48:5+4-832@4-.+P05<4-:E+G05<014E+0/G,/4,E+/:@+0/,<0148+0-@+G308?+P07,-480E+0<,-.+,19:/5C
M9:/:+0/:+<0-6+@4;;:/:-1+L0/4:14:5+,;+/48:+0L0430G3:+4-+19:+<0/?:1C+O,2/+!/,<0
=
+"48:+#,,?:/+80-+8,,?+0-6+167:+7:/;:8136+:L:/6+14<:C+M9:+;,33,I4-.+0/:+19:+8,<<,-36+
0L0430G3:+L0/4:14:5+,;+/48:+0-@+19:4/+890/081:/451485R
#V.*(#J&,A*#LA0'
M945+/48:+905+0+3,-.E+53:-@:/+?:/-:3+19/::+1,+;,2/+14<:5+3,-.:/+190-+415+I4@19C+
V2:+1,+415+510/89+8,<7,5414,-E+8,,?:@+./04-5+0/:+<,/:+5:70/01:E+34.91+0-@+
+2;;6+8,<70/:@+1,+<:@42<+,/+59,/1+./04-+/48:C+M9:+<0P,/416+,;+I941:+/48:+45+
:-/489:@+1,+/:51,/:+-21/4:-15+3,51+@2/4-.+7/,8:554-.C+*/:01+;,/+:-1/::5+0-@+
54@:+@459:5|+/48:+G,I35E+514/$;/4:5E+5030@5+0-@+7430;5C
R'/A);#J&,A*#LA0'
K9:-+8,<70/:@+1,+3,-.+./04-+/48:E+<:@42<+./04-+/48:+905+0+59,/1:/E+I4@:/+
?:/-:3+1901+45+1I,+1,+19/::+14<:5+3,-.:/+190-+415+I4@19C+#,,?:@+./04-5+0/:+
<,/:+<,451+0-@+1:-@:/+190-+3,-.+./04-E+0-@+90L:+0+./:01:/+1:-@:-86+1,+
834-.+1,.:19:/C+*/:01+;,/+:-1/::5E+52594E+/45,11,+0-@+/48:+72@@4-.5C
>X.&+#J&,A*#LA0'
B9,/1+./04-+/48:+905+0+59,/1E+732<7E+03<,51+/,2-@+?:/-:3C+#,,?:@+./04-5+0/:+
5,;1+0-@+834-.+1,.:19:/E+6:1+/:<04-+5:70/01:+0-@+0/:+5,<:I901+89:I6E+I419+
0+534.91+57/4-.4-:55+1,+19:+G41:C+*/:01+;,/+52594E+!540-+@459:5+0-@+@:55:/15C
+A,/+/:847:5+0-@+/48:+4-;,/<014,-+L4541+19:+WB!+"48:+A:@:/014,-+,-34-:+01+8889)-,&A0'90.;=0.*-);'&C
\&.8*#LA0'
N/,I-+/48:+45+0+(''{+I9,3:+./04-+;,,@+1901++15+19:+WCBC+V4:10/6+*24@:34-:5+;,/+
!<:/480-5+/:8,<<:-@014,-+1,+4-8/:05:+@0436+4-10?:+,;+I9,3:+./04-5C+N/,I-+/48:+
8,-104-5+19:+-21/4:-1$@:-5:+G/0-+0-@+4--:/+.:/<+306:/+I9:/:+<0-6+G:-:+8403+
8,<7,2-@5+0/:+;,2-@C+N/,I-+/48:+45+0L0430G3:+4-+59,/1E+<:@42<+0-@+3,-.+./04-+
L0/4:14:5+0-@+80-+G:+25:@+4-1:/890-.:0G36+I419+:-/489:@+I941:+/48:C+
nAI/#LA0'
K43@+/48:+45+0-+0H20148+./055+./,I-+4-+p4--:5,10+0-@+#034;,/-40+0-@+45+0+;/:H2:-1+
0@@414,-+1,+3,-.+./04-+/48:+7430;5+0-@+/48:+<4i:5C+D15+2-4H2:++0L,/E+1:i12/:+0-@+
/489+@0/?+8,3,/+7/,L4@:+0+@:3484,25+088:-1+1,+/48:+@459:5C+K43@+/48:+035,+<0?:5+
0+I,-@:/;23+512;+-.+;,/+7,231/6+I9:-+8,,?:@+I419+G/,19+0-@+<4i:@+I419+6,2/+
;0L,/41:+@/4:@+;/2415C
:\QKO#LE<N
#<.)&+'-C#.G#+X'#K>:#LA0'#U'/'&,+A.*