Birds of Bolivar Peninsula

Transcription

Birds of Bolivar Peninsula
6?1@<3<96C.?#2;6;@B9.
<B@A<;B1B/<;&<062AF
DDD5<B@A<;.B1B/<;<?4
How to Use This Book
Range Maps: The Range maps are color coded to show where and when to expect each
bird to occur. The maps cover ranges of birds living in North America, including the United
States, Canada, and Mexico. Each map shows four ranges: orange for summer, blue for winter, yellow for migration, and green for year round. Because birds do not stay strictly inside
these boundaries, you may find them wandering far from ranges assigned in this guide, particularly during migration. In some cases, a bird may be so rare that its sightings appear as
small dots on the map; a bird may be seen in a certain area, and then disappear shortly after
it has been spotted. When a bird is so rare that its range cannot be drawn, the map area will
read “No Map Available”.
Summer
Migration
Year Round
Winter (non breeding)
Definitions and Conventions
Common Name: Birds are organized by common name, sex or seasonal or age variation,
such as Abert’s Towhee Breeding Male, American Robin Female California Gull 1st Winter.
The Latin species name, Order, and Family name are located under the common name, for
example: Abert’s Towhee Breeding Male Pipilo aberti Order: PASSERIFORMES Family:
Sparrows (Emberizidae)
Family Name and Color: The top of every page has a unique color bar associated with
each family name.)
General: The general heading gives an overview of basic identification details. It describes
the coloring of the body, any distinctive marks found in the head, tail, and underparts and
the coloring differences between sexes and juveniles. Example: American Kestrel is the smallest North American hawk. Dainty falcon with two distinct black facial stripes and rustbrown tail and back. Male has slate-blue wings and black-spotted underparts. Female has
rust-brown wings, narrow tail bands, and rust-streaked underparts.
iii
Foraging and Feeding: Describes what the bird eats during different seasons. Example:
In the summer, American Kestrels hunt in the early morning and evening, eating large insects like grasshoppers. During winter months, they hunt throughout daylight hours and eat
small mammals such as mice, sandpiper chicks, lizards, scorpions, and amphibians.
Breeding and Nesting: Describes breeding, nesting, egg-laying, and incubation. Example: American Kestrel: For up to six weeks before egg laying, females are promiscuous, mating with two or three males. Once a female settles with one mate, the pair mates frequently
until eggs are laid. Typically, three to seven white or light pink eggs are laid. Incubation is
carried out primarily by the female, and lasts approximately 29-30 days; however, the male
will occasionally take over the duties.
Similar Species: Distinguishes birds that closely resemble the bird in question. Example:
American Kestrel: The Sharp-shinned Hawk is similar in size, but has rounded wings and is
patterned differently. The Merlin is larger with broader-based wings, lacks rust tones on back
and wing coverts, has a single mustache mark, and is strongly checkered under wings.
Flight Pattern: How the bird flies. For example: “American Kestrel: Soars on thermals.
Several rapid wing beats followed by a glide. Often hovers on rapidly beating wings”
Song: Describes the bird’s vocalization in a mnemonic form. Example: American Kestrel
alarm call is a loud, quick klee-klee-klee or killy, killy, killy.
Range and Habitat: Describes where the bird breeds, residence and migration patterns,
and preferred habitats such as chaparral, brushy oak, woodlands, and so on. Example: American Kestrel breeds from Alaska and the Northwest Territories east through the Maritime
Provinces and south throughout the continent. It winters north to British Columbia, Great
Lakes, and New England. Preferred habitat includes towns and cities, parks, farmlands, and
open country.
Info Box: Contains basic physical parameters including body length, wingspan, weight,
coloring, and patterns. Units are given in metric and English..
All information contained in this field guide is derived from the WhatBird database found at
http://www.whatbird.com. This database includes a state of the art parametric search engine
that allows identification of any one of over 800 bird species or variations found in North
America with just a few clicks. There is also a bird forum where our ornithologists will help
you identify birds that you cannot find with the search engine.
Published by Mitch Waite Group, 160 C Donahue Street, Suite 226, Sausalito, CA 94965
(415) 888 3233
iv
22@2.;1B08@;.A61.2
$B.69@"1<;A<=5<?61.2
<<;@.C661.2
?2/2@#<1606=2161.2
<</F.;1.;;2A@&B961.2
#2960.;@#2920.;61.2
<?:<?.;A@#5.9.0?<0<?.061.2
;56;4.;56;461.2
?64.A2/6?1@?24.A61.2
6AA2?;@2?<;@.;14?2A@?1261.2
/6@2@'5?2@86<?;6A561.2
&A<?8@60<;661.2
)B9AB?2@.A5.?A61.2
"@=?2F#.;16<;61.2
6A2@.492@.;1.D8@006=6A?61.2
.90<;@.90<;61.2
%.69@.;1<<A@%.9961.2
?.;2@?B61.2
#9<C2?@5.?.1?661.2
"F@A2?0.A052?@.2:.A<=<161.2
C<02A@.;1&A69A@%20B?C6?<@A?61.2
&.;1=6=2?@&0<9<=.061.2
B99@'2?;@&86::2?@.?61.2
&8B.@.;1.242?@&A2?0<?.?661.2
#642<;@.;1<C2@<9B:/61.2
B08<<@.;1%<.1?B;;2?@B0B961.2
.?;"D9'FA<;61.2
'?B2"D9@&A?6461.2
!645A5.D8@.;1!645A7.?@.=?6:B9461.2
&D63A@=<161.2
B::6;4/6?1@'?<056961.2
6;436@52?@90216;61.2
*<<1=2082?@#6061.2
9F0.A052?@'F?.;;61.2
&5?682@.;661.2
)6?2<@)6?2<;61.2
?<D@.;1.F@<?C61.2
.?8@9.B161.2
&D.99<D@6?B;16;61.2
!BA5.A052@&6AA61.2
?22=2?2?A5661.2
*?2;@'?<49<1FA61.2
6;492A@%24B961.2
"91*<?91*.?/92?@.;1;.A0.A052?@&F9C661.2
'5?B@52@'B?161.2
<086;4/6?1@.;1'5?.@52?@ 6:61.2
&A.?96;4@&AB?;61.2
*.4A.69@.;1#6=6A@ <A.069961.2
*.ED6;4@<:/F069961.2
*<<1*.?/92?@#.?B961.2
'.;.42?@'5?.B=61.2
&=.??<D@:/2?6G61.2
.?16;.9@.;1?<@/2.8@.?16;.961.2
9.08/6?1@.;1"?6<92@0A2?61.2
6;052@?6;469961.2
"91*<?91&=.??<D@#.@@2?61.2
0.16.;9F0.A052?
912?9F0.A052?
:2?60.;C<02A
:2?60.;6AA2?;
:2?60.;<<A
:2?60.;<912;#9<C2?
:2?60.;<9136;05
:2?60.;2@A?29
:2?60.;"F@A2?0.A052?
:2?60.;#6=6A
:2?60.;%21@A.?A
:2?60.;%</6;
:2?60.;*56A2#2960.;
:2?60.;*642<;
:2?60.;*<<10<08
;56;4.
@5A5?<.A219F0.A052?
.6?1@&.;1=6=2?
.9A6:<?2"?6<92
.;8&D.99<D
.?;"D9
.?;&D.99<D
.F/?2.@A21*.?/92?
29A216;436@52?
9.08%.69
9.08&86::2?
9.08'2?;
9.08)B9AB?2
9.08.;1D56A2*.?/92?
9.08/299621#9<C2?
9.08/299621*56@A96;4B08
9.08/69921B08<<
9.08/B?;6.;*.?/92?
9.08056;;21B::6;4/6?1
9.080?<D;21!645A2?<;
9.08;20821&A69A
9.08=<99*.?/92?
9.08A5?<.A219B2*.?/92?
9.08A5?<.A21?22;*.?/92?
9B2?<@/2.8
9B2.F
9B24?.F;.A0.A052?
9B252.121)6?2<
9B2D6;421'2.9
9B2D6;421*.?/92?
</<96;8
<;.=.?A2@B99
?<.1D6;421.D8
?<;G21<D/6?1
?<D;?22=2?
?<D;#2960.;
?<D;'5?.@52?
?<D;52.121<D/6?1
B33/?2.@A21&.;1=6=2?
B339252.1
.;.1.<<@2
.;.1.*.?/92?
.;C.@/.08
.=2 .F*.?/92?
.?<96;.*?2;
.@=6.;'2?;
.AA924?2A
21.?*.ED6;4
2?B92.;*.?/92?
52@A;BA@6121*.?/92?
56:;2F&D63A
56==6;4&=.??<D
5B08D699@D61<D
9.==2?%.69
9633&D.99<D
<::<;<912;2F2
<::<;?.0892
<::<;?<B;1<C2
<::<;<<;
<::<; <<?52;
<::<;!645A5.D8
<::<;'2?;
<::<;,299<DA5?<.A
<<=2?@.D8
?2@A21.?.0.?.
.?82F21B;0<
60806@@29
<B/920?2@A21<?:<?.;A
<D;F*<<1=2082?
B;96;
.?21?2/2
.@A2?;9B2/6?1
.@A2?;6;4/6?1
.@A2?; 2.1<D9.?8
.@A2?;#5<2/2
.@A2?;'<D522
.@A2?;*<<1#2D22
B?.@6.;<99.?21<C2
B?<=2.;&A.?96;4
6291&=.??<D
<?@A2?@'2?;
<E&=.??<D
?.;896;@B99
B9C<B@*56@A96;4B08
.1D.99
9.B0<B@B99
9<@@F/6@
<912;0?<D;216;492A
<912;D6;421*.?/92?
?.@@5<==2?&=.??<D
?.F.A/6?1
?.F0522821'5?B@5
?2.A9B22?<;
?2.A?2@A219F0.A052?
?2.A4?2A
?2.A<?;21"D9
?2.A2?&0.B=
?2.A2?*56A23?<;A21<<@2
?2.A2?,299<D924@
?2.AA.6921?.0892
?22;2?<;
?22;D6;421'2.9
?<<C2/69921;6
B99/69921'2?;
.??6@@&=.??<D
2?:6A'5?B@5
2??6;4B99
<<121 2?4.;@2?
<<121*.?/92?
<?;21.?8
<B@2&=.??<D
<B@2*?2;
;0.<C2
;164<B;A6;4
2;AB08F*.?/92?
699122?
6;4%.69
.?8&=.??<D
.B456;4B99
2<;A2@&=.??<D
2.@A6AA2?;
2.@A9F0.A052?
2.@A&.;1=6=2?
2.@A'2?;
2@@2?&0.B=
2@@2?,299<D924@
6;0<9;@&=.??<D
6AA929B22?<;
<442?52.1&5?682
<;4/69921B?92D
<;4/69921<D6A052?
<;4A.6921B08
<B6@6.;.*.A2?A5?B@5
.4;63602;A?64.A2/6?1
.4;<96.*.?/92?
.99.?1
.?/921<1D6A
.?@5*?2;
2?96;
6@@6@@6==66A2
<AA921B08
<B?;6;4<C2
<B?;6;4*.?/92?
!.@5C6992*.?/92?
!29@<;@&5.?=A.6921&=.??<D
!2<A?<=60<?:<?.;A
!<?A52?;</D56A2
!<?A52?;.?16;.9
!<?A52?;96082?
!<?A52?;.;;2A
!<?A52?;.??62?
!<?A52?; <086;4/6?1
!<?A52?;#.?B9.
!<?A52?;#6;A.69
!<?A52?;%<B45D6;421&D.99<D
!<?A52?;&5<C292?
!<?A52?;*.A2?A5?B@5
"96C2@61219F0.A052?
"?.;420?<D;21*.?/92?
"?05.?1"?6<92
"@=?2F
"C2;/6?1
#.6;A21B;A6;4
#.?.@6A60.242?
#20A<?.9&.;1=6=2?
#2?24?6;2.90<;
#569.129=56.)6?2<
#621/69921?2/2
#6;2*.?/92?
#6=6;4#9<C2?
#<:.?6;2.242?
#?.6?62*.?/92?
#?<A5<;<A.?F*.?/92?
#B?=92.996;B92
#B?=92 .?A6;
#B?=92&.;1=6=2?
%21;<A
%21/299621*<<1=2082?
%21/?2.@A21 2?4.;@2?
%21/?2.@A21!BA5.A05
%2116@54?2A
%212F21)6?2<
%2152.1
%2152.121*<<1=2082?
%21@5<B912?21.D8
%21A.6921.D8
%21D6;4219.08/6?1
%6;4/69921B99
%6;4;20821B08
%<08#642<;
%<@2.A2&=<<;/699
%<@2/?2.@A21?<@/2.8
%<@@@<<@2
%<F.9'2?;
%B/F0?<D;216;492A
%B/FA5?<.A21B::6;4/6?1
%B11FB08
%B11F'B?;@A<;2
%B3<B@B::6;4/6?1
&.;12?96;4
&.;15699?.;2
&.;1D605'2?;
&.C.;;.5&=.??<D
&0.?92A'.;.42?
&06@@<?A.69219F0.A052?
&2.@612&=.??<D
&2142*?2;
&2:6=.9:.A21#9<C2?
&2:6=.9:.A21&.;1=6=2?
&5.?=@56;;21.D8
&5<?A/69921<D6A052?
&5<?A2.?21"D9
&;<D<<@2
&;<DF4?2A
&;<DF#9<C2?
&<96A.?F&.;1=6=2?
&<;4&=.??<D
&<?.
&=<AA21&.;1=6=2?
&=?.4B2@#6=6A
&A69A&.;1=6=2?
&B::2?'.;.42?
&B?3&0<A2?
&D.6;@<;@.D8
&D.6;@<;@'5?B@5
&D.6;@<;@*.?/92?
&D.99<DA.69216A2
&D.:=&=.??<D
'2;;2@@22*.?/92?
'5.F2?@B99
'?22&D.99<D
'?60<9<?212?<;
'B?82F)B9AB?2
(=9.;1&.;1=6=2?
)22?F
)2?:696<;9F0.A052?
)2@=2?&=.??<D
)6?46;6.%.69
*.?/96;4)6?2<
*2@A2?;6;4/6?1
*2@A2?;&.;1=6=2?
*2@A2?;'.;.42?
*56:/?29
*56==<<?D699
*56A2/6@
*56A20?<D;21&=.??<D
*56A22F21)6?2<
*56A23.021/6@
*56A2?B:=21&.;1=6=2?
*56A2A.69216A2
*56A2A5?<.A21&=.??<D
*56A2D6;421<C2
*6992A
*699<D9F0.A052?
*69@<;@#5.9.?<=2
*69@<;@#9<C2?
*69@<;@&;6=2
*69@<;@*.?/92?
*6;A2?*?2;
*<<1B08
*<<1&A<?8
*<<1'5?B@5
*<?:2.A6;4*.?/92?
,299<D%.69
,299<D*.?/92?
,299<D/2996219F0.A052?
,299<D/299621&.=@B082?
,299<D/69921B08<<
,299<D/?2.@A215.A
,299<D0?<D;21!645A2?<;
,299<D52.1219.08/6?1
,299<D?B:=21*.?/92?
,299<DA5?<.A21)6?2<
,299<DA5?<.A21*.?/92?
%!*"!
22@2.;1B08@;.A61.2
4=4A0;<4A820=-864>=#438D<3011;8=63D2:
1A>F=1>3HF8C7F78C42A>F=;0A646A44=40A?0C27
4GC4=38=6C>102:>574031D55F0B7431A40BC0=3
B834B0=3F78C414;;H-78C4B7>D;34A?0C274BE8B81;4
8=5;867C;02:C8??43?0;41;D418;;)F85C38A42C
5;867CBCA>=6F8=6140CB;84B8=C867C5;>2:B
>A068=60=34438=6<4A820=-864>=
%??>ACD=8BC820=3066A4BB8E454434A>5C4=5>A068=6
8=>?4=F0C4A1HBC40;8=6<0C4A80;B1A>D67CC>C74
BDA50241H38E8=63D2:B0=32>>CB443B?A8<0A8;H
>=;405H0@D0C82?;0=CB6A0BB0=306A82D;CDA0;2A>?B
0;B>C0:4B8=B42CB0=3>C74A0@D0C828=E4AC41A0C4B
A4438=60=3$4BC8=6<4A820=-864>=)8GC>CF4;E42A40<HF78C4466B0A4;0838=03>F=;8=43=4BC
<034>56A0BB>5C4=B4E4A0;7D=3A43H0A3B5A><F0C4A=2D10C8>=A0=64B5A><C>30HB0=38B20AA843
>DC1HC7454<0;4
;867C&0CC4A=)F85C38A42C5;867CF8C7BCA>=6F8=6140CB
(0=640=3018C0C<4A820=-864>=A443B5A><;0B:0=>AC74A=
#0=8C>100=3B>DC74A='D4142B>DC7C>$4E030C740:>C0B0=3C74
A40C"0:4BA468>=A0A4;H50AC74A40BC)?4=3BF8=C4AB<08=;H0;>=6C74
&028582C;0=C820=3D;52>0BCB#0AB74B?>=3B0=3B70;;>F;0:4B0A4
?A454AA437018C0CB
&=2062@;.@.:2?60.;.
2;4A5%.;420:
6;
*2645A
4<G
*6;4@=.;%.;420:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;&A./92
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
*&'!(
22@2.;1B08@;.A61.2
4=4A0;;02:14;;843-78BC;8=6D2:"0A64
2>;>A5D;3D2:F8C71A867CA4318;;?8=:A43;46B0=3
544C)7>FBF78C4F8=6?0C271;02:14;;H
A4338B71A>F=1A40BC=42:0=3102:0245>A4=42:
0A46A0HF78C44H4A8=6443B>=0@D0C82?;0=CB
2D;C8E0C436A08=BB443B8A42C5;867C>=A0?83F8=6
140CB
>A068=60=34438=6;02:14;;843-78BC;8=6D2:
443B<08=;H>=B443B>56A0BB4B0=3B>A67D<
)40A274B5>A5>>3?A8<0A8;H0C=867C8=B70;;>FF0C4A
>A>=;0=3#0H40C054F8=E4AC41A0C4B
A4438=60=3$4BC8=6;02:14;;843-78BC;8=6D2:#08=;H=4BCB8=CA4420E8C84B1DC<0H0;B>=4BC>=C74
6A>D=3F8C7;8CC;4<0C4A80;03343C>5>A<0=4BC2D?"0HBCF4;E4C>B8GC44=F78C4466BC70C0A48=2D10C431H
1>C7?0A4=CB5>A01>DC30HB782:B1468=C>5;H0C30HB1DCA4<08=FC7C74?0A4=CB5>A0C;40BC
30HB
;867C&0CC4A=)C403H38A42C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0C;02:14;;843-78BC;8=6D2:%22DAB8=5A4B7F0C4A
0=34BCD0A8=4F4C;0=3B0=3<0AB74B0;>=6C74*4G0BD;5>0BC0=30;B>
8=B>DC74A=A8I>=0
&=2062@2;1?<0F4;..BAB:;.96@
2;4A5%.;420:
6;
*2645A
4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2&<96A.?F;2@A2?
?2216;4#<=B9.A6<;(;0<::<;.;19<0.9
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
(*!'
22@2.;1B08@;.A61.2
4=4A0;;D4F8=643*40;)<0;;3011;8=63D2:
?DA?;46A0H740338BC8=2CF78C42A4B24=C>=5024
+??4A?0ACB0A4B20;431D5530A:1A>F=D=34A?0ACB
0A4?0;41A>F=F8C7=D<4A>DB30A:B?>CB-8=6B
70E46A44=B?42D;D<?0;41;D4B7>D;34A?0C27E8B81;4
8=5;867C0BC38A42C5;867CF8C7BC403HF8=6140CB
>A068=60=34438=6;D4F8=643*40;84C
8=2;D34B0@D0C828=E4AC41A0C4B0@D0C82E464C0C8>=
0=3B443B5>A064B8=B70;;>FF0C4A0=3<D35;0CB
A4438=60=3$4BC8=6;D4F8=643*40;)8GC>585C44=F78C4C>>;8E4466B0A4;0838=06A>D=37>;;>F58;;43
F8C76A0BB0=3F443B0=3;8=43F8C73>F=$4BC8B1D8;C1HC7454<0;40=3DBD0;;H78334=8=C0;;6A0BB=40A
F0C4A=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4.>D=65;H8=C>30HB
;867C&0CC4A=8A42C5;867CF8C7BC403H@D82:F8=6140CB
(0=640=3018C0C;D4F8=643*40;A443B8==>AC74A=?A08A84B0=3
?0A:;0=3B>524=CA0;$>AC7<4A8200=3B?4=3BF8=C4AB5A><4=CA0;
<4A8200=3C740A81140=B>DC7C>&4AD0=3=>AC740BC4A=A0I8;
&A454AA43=4BC8=67018C0CB8=2;D34F4C;0=30A40BF8C78=6A0BB;0=3BBD27
0B<0AB74B?>=3B0=3;0:4B-8=C4A7018C0CB0A4<>BC;HBF0<?B0=3
B70;;>FF4C;0=3B
&=2062@;.@16@0<?@
2;4A5%.;420:
6;
*2645A4
<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;<::<;6;A52.@A
(;0<::<;6;A52*2@A
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&0.921<?&0.99<=21
299F#.AA2?;&<961
?2.@A#.AA2?;&=<AA21<?@=208921
(
22@2.;1B08@;.A61.2
4=4A0;D55;47403)<0;;38E8=63D2:<>BC;HF78C4
F8C76;>BBH6A44=1;02:C>?DA?;41;02:74030=3
102:40370B;0A64F78C4?0C271478=34H4*74
F8=6B0A430A:F8C7F78C4?0C274BE8B81;48=5;867C
443B>=0@D0C82?;0=CB443B0=38=B42CB;0AE040=3
B=08;B)F85C38A42C5;867CF8C7A0?83F8=6140CB
>A068=60=34438=6D55;4740384C8=2;D34B
8=B42CB2ADBC0240=B<>;;DB:B0=3B443B>A064B8=
>?4=B70;;>FF0C4A0=338E4B5A><C74BDA50245>A
5>>3
A4438=60=3$4BC8=6D55;47403867CC>C4=2A40<HH4;;>F;867C>;8E41D55>A?0;41D55466B0A4;0838=0
=4BC<034>53>F=1D8;C8=0=010=3>=43F>>3?42:4A7>;4D?C>544C01>E4C746A>D=3=2D10C8>=A0=64B
5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=)F85C38A42C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0CD55;47403A443B8=;0B:00=38=0=03040BCC>
F4BC4A='D41420=3B>DC78=C74<>D=C08=BC>-0B78=6C>=0=3#>=C0=0
)?4=3BF8=C4AB0;>=6C74C;0=C82C>=>AC74A=;>A8300=302A>BBC74
B>DC74A=+)0=3B>DC7C>#4G82>0=3C74D;52>0BC&A454AA437018C0CB
8=2;D34;0:4B?>=3BB0;CF0C4A10HB0=34BCD0A84B
&=2062@B02=5.9..9/2<9.
2;4A5%.;42
0:
6;
*2645A4
<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;2096;6;4
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
!""&
22@2.;1B08@;.A61.2
4=4A0;0=030>>B4"0A64;>=6=42:436>>B4
F8C730A:D??4A?0ACB0=3?0;4AD=34A?0ACB6A038=6C>
F78C4>=E4=C*7474030=3=42:0A41;02:F8C7
F78C4278=10A>3H8BDBD0;;H6A0H1A>F=0;C7>D67
E0A84B5A><30A:1A>F=C>6A0H8=38554A4=CA024B
-78C4B4<828A2;401>E41;02:C08;8BE8B81;48=5;867C
>A068=60=34438=60=030>>B40CB0E0A84CH
>56A0BBF74=5>A068=6C4AA4BCA80;;H0;B>5443B>=
06A82D;CDA0;2A>?BBD270BF740C140=BA8240=3
2>A=)><4C8<4BC8?B;8:4?D33;43D2:BF74=54438=6
>=0@D0C82?;0=CBBD270BF8;324;4AHB40;4CCD240=3
B06>?>=3F443
A4438=60=3$4BC8=60=030>>B4>DAC>B4E4=F78C4466B0A4;0838=0;0A64=4BC<034>56A0BB0=3
<>BB;8=43F8C73>F=0=31D8;C>=C746A>D=3=40AF0C4A>A>=0<DB:A0C;>364B><4C8<4BDB4B0=
010=3>=43%B?A4H>A0;306;4=4BC8=0CA44=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1H
C7454<0;4
;867C&0CC4A=)CA>=6344?F8=6140CB;84B8=,5>A<0C8>=8=<86A0C8>=)CA>=6?>F4A5D;38A42C5;867C
(0=640=3018C0C0=030>>B4A443B5A><;0B:040BCC>0558=
B;0=30=3B>DC7C>0;85>A=80;;8=>8B0=3#0BB027DB4CCB)?4=3B
F8=C4ABB>DC7C>=>AC74A=#4G82>0=3C74D;52>0BC0;B>0F834B?A403
A4B834=C8=28CH?0A:B0=3>=A4B4AE>8AB&A454AA437018C0CB8=2;D34;0:4B
10HBA8E4AB<0AB74B0=3BCD11;4584;3B
&=2062@?.;A.0.;.12;@6@
2;4A5%.;42
0:6;
*2645A
4
<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@
?2216;4#<=B9.A6<;<::<;A<./B;1.;A
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;.??21<?/.;121
299F#.AA2?;.??21<?/.;121
?2.@A#.AA2?;.??21<?/.;121
!)&
22@2.;1B08@;.A61.2
4=4A0;0=E0B102:"0A645;0B7H38E8=63D2:F8C7
?0;46A0H1>3H0=31;02:1A40BCC08;4038B
A431A>F=F8C7;>=6B;>?8=6?A>58;40=3;>=630A:
18;;H48BA43"46B0=3544C0A46A0H443B
?A8<0A8;H>=0@D0C82?;0=CB(0?8338A42C5;867CF8C7
BCA>=6F8=6140CB;84B7867DBD0;;H8=,5>A<0C8>=B
>A068=60=34438=60=E0B102:443B>=0@D0C82
E464C0C8>=?0AC82D;0A;HF8;324;4AH0=3<>;;DB:B
>A064B8=>?4=F0C4A1H38E8=65A><C74BDA5024
5443B1H30H>A=867C
A4438=60=3$4BC8=60=E0B102:)4E4=C>CF4;E46A0H>;8E4>A6A44=>;8E4466B0A4;0838=05;>0C8=6=4BC
<034>5A443B0=36A0BB0=27>A43C>BC4<B>5<0AB7?;0=CB=2D10C8>=A0=64B5A><C>30HB0=38B
20AA843>DC1HC7454<0;4
;867C&0CC4A=)F85CB><4C8<4B4AA0C8238A42C5;867C
(0=640=3018C0C0=E0B102:A443B5A><;0B:0B>DC70=340BCC>
$41A0B:00=3#8==4B>C0)?4=3BF8=C4AB8=2>0BC0;A468>=B0=38=C4A8>A
F4BC5A><A8C8B7>;D<180B>DC70=340BC5A><#0BB027DB4CCBB>DC7C>
C74D;52>0BC0=38=#8BB8BB8??8,0;;4H$4BCB>=<0AB74BF8=C4AB>=
;0:4B10HB0=34BCD0A84B
&=2062@FA5F.C.96@6;2?6.
2;4A5%.;42
0:
6;
*2645A
4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;<::<;A<B;0<::<;
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
"
"!"!,
22@2.;1B08@;.A61.2
4=4A0;><<>=>;34=4H4#438D<38E8=63D2:
F78C4BCA8?431;02:D??4A?0ACBF78C4D=34A?0ACB
4038B8A834B24=C6A44=1;02:F8C7F78C428A2D;0A
?0C2714CF44=H4;;>F4H4B0=330A:6A0H18;;-8=6B
0A430A:F8C7;0A64F78C4?0C274B2>=B?82D>DB8=
5;867C"46B0=3544C0A4H4;;>F)F85C38A42C5;867C
>A068=60=34438=6><<>=>;34=4H4443B
>=8=B42CB2ADBC0240=B<>;;DB:BB<0;;58B70=3
0@D0C82?;0=CB5>A064B1H38E8=65A><C74BDA5024
A4438=60=3$4BC8=6><<>=>;34=4H48E4C>=8=4C44=?0;46A44=>A6A0H6A44=466B0A4;0838=0
3>F=;8=43CA4420E8CH>5C4=DB4BC74B0<420E8CH8=BD224BB8E4H40AB$4BC8BDBD0;;H;>20C43=40A0?>=3
;0:4>AA8E4A1DC<0H145>D=38=F>>3;0=3BD?C>0<8;45A><F0C4A=2D10C8>=A0=64B5A><C>30HB
0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=)F85C38A42C5;867CF8C7BCA>=6F8=6140CB
(0=640=3018C0C><<>=>;34=4H4A443B8=;0B:00=302A>BB
0=030C>$4F5>D=3;0=30=3C74#0A8C8<4&A>E8=24B0=3B>DC7C>
<>D=C08=B>5#>=C0=00=3A40C"0:4B)?4=3BF8=C4AB8=<D27>5C74
+)F74A4E4AF0C4A8B>?4=A443B>=F>>343;0:4B0=3?>=3B
F8=C4AB<08=;H>=2>0BC0;10HB0=34BCD0A84B
&=2062@B02=5.9.09.;4B9.
2;4A5%.;42
0:
6;
*2645A4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;.??21<?/.;121
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
()"(&*&'!(
22@2.;1B08@;.A61.2
4=4A0;D;E>DB-78BC;8=6D2:"0A64
;>=6;46643;>=6=42:433D2:F8C730A:1A>F=102:
0=3F78C4,B70?43AD<??0C274030=3D=34A?0ACB
0A41D55F8C7F78C4C7A>0C0=3E4=C*74F78C443643
B8340=35;0=:540C74AB5>A<0BCA8:8=61>A34A14CF44=
B834B0=3102:*08;8B1;02:F8C7F78C4D=34AC08;
2>E4ACB
>A068=60=34438=6D;E>DB-78BC;8=6D2:
443B0;<>BC4G2;DB8E4;H>=0@D0C82E464C0C8>=A824
0=3B443B>5<0AB7?;0=CB5>A064B30H0=3=867C
A4438=60=3$4BC8=6D;E>DB-78BC;8=6D2:*F4;E4C>5>DAC44=F78C4466B0A4;0838=0B70;;>F2D?>5
6A0BB;8=43F8C73>F=$4BC8B1D8;C>=C746A>D=38=34=B4E464C0C8>=>A5;>0CB>=C74F0C4A=2D10C8>=
A0=64B5A><C>30HB0=38B20AA843>DC1H1>C7?0A4=CB
;867C&0CC4A=8A42C74A>=;8:45;867CF8C7B;>F344?F8=6140CB
(0=640=3018C0CD;E>DB-78BC;8=6D2:A443B8=B>DC74A=
0;85>A=802>0BC0;*4G0B0=3">D8B80=00=3B>DC74A=;>A830F8=C4AB
0;>=6C7440BC2>0BC>5#4G82>&A454AA437018C0CB8=2;D34B70;;>F
5A4B7F0C4A<0AB74B;0:4B0=35;>>34306A82D;CDA0;584;3B
&=2062@2;1?<0F4;./60<9<?
.08#.AA2?;&0.921<?&0.99<=21
2;4A5%.;420:
6;
299F#.AA2?;&<961
*2645A4<G
?2.@A#.AA2?;&<961
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@
?2216;4#<=B9.A6<;(;0<::<;A<9<0.99F0<::<;
<=F?645A 6A05*.6A2?<B=
*
22@2.;1B08@;.A61.2
4=4A0;03F0;;"0A643011;8=63D2:F8C758=4;H
10AA436A0H1>3H1;02:AD<?0=3D=34AC08;2>E4ACB
F78C414;;H0=3ADBC1A>F=B7>D;34AB4030=3=42:
0A46A0H1A>F=18;;8B6A0H-8=6B70E4
1;02:1>A34A43F78C4B?42D;D<<>BCE8B81;48=5;867C
"46B0=3544C0A4H4;;>F0BC38A42C5;867C
>A068=60=34438=603F0;;443B>=
?>=3F443B=0803BF8364>=6A0BBF0C4A<8;5>8;
0;604B443B0=30@D0C828=E4AC41A0C4B5>A064B8=
344?4AF0C4AC70=<>BC>C74A3011;8=63D2:B
A4438=60=3$4BC8=603F0;;)4E4=C>585C44=2A40<HF78C4466B0A4;0838=0=4BC<034>56A0BB0=3
F443B;8=43F8C73>F=0=3DBD0;;H78334=8=34=B4F443B>A6A0BB=40AF0C4A=2D10C8>=A0=64B5A><
C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=0BC38A42C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0C03F0;;A443B=40AB40B>=0;0=3B4<8?4A<0=4=C
F4C;0=3B<08=;H8=C74B7>AC6A0BBC0;;6A0BB0=3<8G43?A08A84A468>=B>5
C74+)0=30=030)?4=3BF8=C4AB8=B>DC74A=CF>C78A3B>5C74+)
F8C76A40C4BC2>=24=CA0C8>=B5>D=38=C744=CA0;0=3#8BB8BB8??8
;HF0HB0;B>02><<>=F8=C4AE8B8C>AC>D0C4<0;0&A454AA437018C0CB
8=2;D34;0A64B70;;>F?>=3BF8C7;>CB>5<0AB7?;0=CB
&=2062@;.@@A?2=2?.
2;4A5%.;420:
6;
*2645A4<G
*6;4@=.;%.;42
0:
6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;,2@/BAB;0<::<;
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&0.921<?&0.99<=21
299F#.AA2?;&<961
?2.@A#.AA2?;&0.921<?&0.99<=21
%'%&(#
22@2.;1B08@;.A61.2
4=4A0;A40C4A)20D?"0A6438E8=63D2:F8C7
6;>BBH6A44=1;02:7403F78C4B834B0=314;;H1;02:
C08;=42:0=31A40BC10AA436A0H5;0=:B0=3102:
H4B0A4H4;;>F8;;8B1;D46A0HF8C701;02:C8?
443B>=8=B42CB?;0=CBE4AC41A0C4B0=3<>;;DB:B
(0?8338A42C5;867CF8C7BCA>=6A0?83F8=6140CB
>A068=60=34438=6A40C4A)20D?0CB<>;;DB:B
0=30@D0C82?;0=CB>1C08=431H38E8=60=3BF8<<8=6
D=34AF0C4A
A4438=60=3$4BC8=6A40C4A)20D?D8;3B0=4BC>53420H8=6?;0=C<0C4A80;0=33>F=E4AH2;>B4C>C74
F0C4A0=3B><C8<4B5;>0C8=6>=F0C4A8E4C>4;4E4=30A:>;8E41D55466B0A48=2D10C431HC7454<0;45>A
C>30HB%=41A>>3?4AH40A
;867C&0CC4A=8A42C5;867CF8C7BCA>=6A0?83F8=6140CB
(0=640=3018C0CA40C4A)20D?>D=38=;0B:0=>AC74A=0=0300=3
0;>=61>C7=>AC7<4A820=2>0BCB0=3B><4C8<4B0;>=6C746D;52>0BCB
&A454AB?>=3B<0AB74B0=3;0:4B
&=2062@FA5F.:.?69.
2;4A5%.;420:
6;
*2645A4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@<9<;6.9;2@A2?
?2216;4#<=B9.A6<;<::<;A<B;0<::<;
.08#.AA2?;.??21<?/.;121
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
%'%*'%"!'""&
22@2.;1B08@;.A61.2
4=4A0;A40C4A-78C45A>=C43>>B4#438D<
6>>B4F8C730A:1A>F=1>3H+=34A?0ACB0A410AA43
0=35;42:43F8C71;02:14;;H0=3D=34AC08;2>E4ACB
0A42>=B?82D>DB;HF78C4A>=C>5502470B0F78C4
?0C278;;8BDBD0;;H?8=:"46B0A4>A0=64)C403H
38A42C5;867CF8C7A0?83F8=6140CB;84B8=,
5>A<0C8>=
>A068=60=34438=6A40C4A-78C45A>=C43>>B4
443B<>BC;H>=6A0BBB4364B0@D0C82?;0=CB14AA84B
0=36A08=B>220B8>=0;;H40CB8=B42CB0=3<>;;DB:B
A4438=60=3$4BC8=6A40C4A-78C45A>=C43>>B4*7A44C>B8G1D552A40<HF78C4>A;867C?8=:466B0A4
;0838=03>F=;8=436A0BBH34?A4BB8>=>=CD=3A0=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1H
C7454<0;4
;867C&0CC4A=)C403H38A42C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0CA40C4A-78C45A>=C43>>B4A443B8=;0B:0
50A=>AC74A=0=0300=3A44=;0=3)?4=3BF8=C4AB5A><2>0BC0;A8C8B7
>;D<180C>0;85>A=808=$4F#4G82>0=30;>=6C74D;52>0BC8=
*4G0B0=3">D8B80=0<>A4A0A4;H>=C7440BC2>0BC0=38=C748=C4A8>A
A443B>=<0AB7HCD=3A0F8=C4AB>=<0AB74B0=310HB
&=2062@;@2?.9/63?<;@
2;4A5%.;420:6;
*2645A4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@
?2216;4#<=B9.A6<;<::<;A<3.6?9F0<::<;
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;.??21<?/.;121
299F#.AA2?;.??21<?/.;121
?2.@A#.AA2?;.??21<?/.;121
%!*!'
22@2.;1B08@;.A61.2
4=4A0;A44=F8=643*40;)<0;;3011;8=63D2:
F8C7?0;46A0H10AA43B834B0=31D551A40BCF8C70
F78C410A3>F=C74B8344038B274BC=DC1A>F=F8C7
6A44=40A?0C278;;8B30A:6A0H0=3;46B0=3544C0A4
>;8E46A0HC>6A0H1A>F=)?42D;D<8B5;0B7H6A44=
1>A34A43F8C71A>F=01>E40=3F78C414;>F
>A068=60=34438=6A44=-8=643*40;0CB
B443B0@D0C82?;0=CB8=B42CB<>;;DB:B2ADBC0240=B
0=3C03?>;4B5>D=3F78;45>A068=68=0=3039024=CC>
<D35;0CB>AF78;43011;8=68=B70;;>FF0C4A
A4438=60=3$4BC8=6A44=-8=643*40;)8GC>4867C44=2A40<HF78C4;867C>;8E4>A1D55466B0A4;0838=
03>F=;8=436A>D=334?A4BB8>=8=C0;;6A0BB>5C4=B4E4A0;7D=3A43H0A3B5A><F0C4A=2D10C8>=A0=64B5A><
C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=)F85CB><4C8<4B4AA0C8238A42C5;867C
(0=640=3018C0CA44=-8=643*40;A443B8==>AC74A=;0B:0
#0=8C>100=3'D4142B>DC7C>0;85>A=80>;>A03>$41A0B:00=3$4F
.>A:)?4=3BF8=C4AB8=B>DC74A=BC0C4B0=30;>=6C742>0BCB&A454AA43
7018C0CB8=2;D34<0AB74B?>=3B0=3<0AB7H;0:4B
&=2062@;.@0?200.
2;4A5%.;42
0:
6;
*2645A4
<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@
?2216;4#<=B9.A6<;;0?2.@6;4
.08#.AA2?;.??21<?/.;121
299F#.AA2?;&<961
?2.@A#.AA2?;&=<AA21<?@=208921
<=F?645A 6A05*.6A2?<B=
"" %!&%
22@2.;1B08@;.A61.2
4=4A0;>>343#4A60=B4A)<0;;<4A60=B4AF8C7
1;02:D??4A?0ACB0=3F78C4D=34A?0ACBF8C7CF>1;02:
10AB>=B834>51A40BCA431A>F=5;0=:BA4BCB7>FB
;0A64F78C4?0C27F74=A08B43F78C4BCA8?44GC4=38=6
102:F0A3B5A><C744H4F74=;>F4A430A:F8=6B
70E4F78C4B7>D;34A?0C274BE8B81;48=5;867C
>A068=60=34438=6>>343#4A60=B4A>A064B
D=34AF0C4A38E8=65A><C74BDA50240=320?CDA8=6
58B7F8C78CBB4AA0C430=37>>:4318;;0;B>5443B>=
2A0H58B7B=08;B5A>6B8=B42CB0@D0C82?;0=CB0=3
B443B
A4438=60=3$4BC8=6>>343#4A60=B4A)8GC>4867C44=F78C4466B0A4;0838=07>;;>FCA44BCD<?>A
>C74A=0CDA0;20E8CH;8=43F8C73>F=$4BC8BDBD0;;H=40AF0C4A0=3C>544C01>E4C746A>D=3
=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4>=24C7454<0;41468=BC>8=2D10C4
C74<0;4010=3>=B74A
;867C&0CC4A=(0?8338A42C5;867CF8C750BCF8=6140CB;84BB8;4=C;H0=3BF85CH
(0=640=3018C0C>>343#4A60=B4AA443B0=3F8=C4AB8=C74A40C
"0:4BA468>=40BC4A=0=0300=3C74&028582=>AC7F4BC&A454AA43
7018C0CB8=2;D34B<0;;5>A4BC?>>;B<8;;?>=3BBF0<?B0=3140E4A
?>=3B
&=2062@<=5<1FA2@0B0B99.AB@
2;4A5%.;42
0:
6;
*2645A4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;;0?2.@6;4
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
&&%&(#
22@2.;1B08@;.A61.2
4=4A0;"4BB4A)20D?#438D<38E8=63D2:F8C7
58=4;H10AA436A0H102:0=36A0HF0B743F78C4
D=34A?0ACB403=42:0=31A40BC0A41;02:F8C7
?DA?;46;>BBH48BH4;;>F8;;8B1;D46A0H-8=6B
0A41;02:F8C7;0A64F78C4?0C274BC08;8B1;02:
8E4B5>A5>>3)F85C38A42C5;867CF8C7A0?83F8=6
140CB
>A068=60=34438=6"4BB4A)20D?443B>=B443B
0@D0C82E464C0C8>=2ADBC0240=B<>;;DB:B0@D0C82
8=B42CB0=3B<0;;58B75>A064B1H38E8=6
A4438=60=3$4BC8=6"4BB4A)20D?)8GC>585C44=>;8E4>A>;8E41D55466B0A4;0838=03>F=;8=432D?>5
6A0BB78334=8=E464C0C8>=>5C4=;>20C43B><438BC0=245A><F0C4A=2D10C8>=A0=64B5A><C>30HB0=3
8B20AA843>DC1HC7454<0;4
;867C&0CC4A=8A42C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0C"4BB4A)20D?A443B5A><8=C4A8>A;0B:00=3
=>AC74A=0=030B>DC7C>>;>A03>>F00=3>220B8>=0;;H50AC74A40BC
)?4=3BF8=C4ABA46D;0A;H0;>=62>0BCBB>DC75A><A8C8B7>;D<1800=3
#0BB027DB4CCBC>D;5>5#4G82>0;B>8=;0=3B>DC7>5>;>A03>0=3C74
A40C"0:4B&A454AA437018C0CB8=2;D34?>=3B0=3<0AB74B3DA8=6
<86A0C8>=0=38=F8=C4A8B5>D=3>=;0:4BA8E4AB0=3?>=3B0=38=C74
B>DC74A=BC0C4B>=B0;CF0C4A
&=2062@FA5F..336;6@
2;4A5%.;420:
6;
*2645A4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;2096;6;4@9645A9F
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
"!'(
22@2.;1B08@;.A61.2
4=4A0;">=6C08;43D2:)<0;;38E8=63D2:1;02:
D??4A?0ACB7403=42:1A40BCF8=6B102:8B1;02:
0=31A>F=<>CC;43F78C45;0=:B14;;HD=34AC08;
2>E4ACB;02:C08;70B;>=6?8=C08;;8:424=CA0;
540C74ABC70C0A4>5C4=BD1<4A643F74=BF8<<8=6
&0;46A0H<0B:1;02:18;;F8C730A:?8=:B033;4
>A068=60=34438=6">=6C08;43D2:443B>=
0@D0C82?;0=CBB7A8<?0=38=B42CB38E4B5A><C74
BDA5024C>5>A064D=34AF0C4A
A4438=60=3$4BC8=6">=6C08;43D2:8E4C>4;4E4=>;8E41D55>;8E46A0H>A6A44=H4;;>F466B0A4;083
8=07>;;>F>56A0BB0=33>F=78334=8=;>FE464C0C8>=>A0<>=6A>2:B=2D10C8>=A0=64B5A><C>
30HB0=38B20AA843>DC1HC7454<0;4.>D=6BC0ACC>5;H0CC>30HB
;867C&0CC4A=)F85C38A42C5;867C>5C4=F8C74AA0C82B834C>B834CDA=B>51>3H
(0=640=3018C0C">=6C08;43D2:A443B5A><;0B:040BC02A>BB
<>BC>5=>AC74A=0=030)?4=3BF8=C4AB0;>=6C74&0285822>0BC5A><C74
4A8=6)40B>DC7C>0;85>A=805A><A44=;0=340BC4A=$>AC7<4A820
0=3"01A03>AB>DC78=2;D38=6C74A40C"0:4BC>)>DC70A>;8=0
&A454AA437018C0CB8=2;D340E0A84CH>52>0BC0;F0C4AB<>BC;H344?4A
F0C4AB>5BCA08CB10HB70A1>AB270==4;B0=358>A3B%C74A7018C0CB
8=2;D344BCD0A84B>55B7>A4F0C4AB<D35;0CB0=3A0A4;H;0A64;0:4B0=3
A8E4AB
&=2062@9.;4B9.5F2:.96@
2;4A5%.;420:
6;
*2645A4<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@
?2216;4#<=B9.A6<;/B;1.;A
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
%
22@2.;1B08@;.A61.2
4=4A0;#0;;0A3#438D<B8I433011;8=63D2:F8C7
6A0H1>3H0=3274BC=DC1A>F=1A40BC*7474038B
6A44=0=3=42:A8=68BF78C48;;8BH4;;>F6A44=
-8=6B?42D;D<8BF78C41>A34A43<4C0;;82
?DA?;41;D4*74C08;8B30A:F8C738BC8=2CF78C44364B
0=3CF>2DA;431;02:540C74AB"46B0=3544C0A4
>A0=64
>A068=60=34438=6#0;;0A3011;4B8=B70;;>F
5A4B7F0C4A5>AE464C0C8>=8=B42CB<>;;DB:B0=3
2ADBC0240=B%5C4=5>A064B5>A5>>38=584;3B0=3
F>>3;>CB
A4438=60=3$4BC8=6#0;;0A38E4C>5>DAC44=6A44=>A6A0H1D55466B0A4;0838=03>F=;8=43=4BC
DBD0;;H1D8;C>=C746A>D=3B><4C8<4B50A5A><F0C4A>220B8>=0;;H=4BCB8=CA44B=2D10C8>=A0=64B5A><
C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=)F85C38A42C5;867CF8C7BCA>=6F8=6140CB
(0=640=3018C0C#0;;0A3D2:A443B5A><;0B:00=3'D4142B>DC7
C>B>DC74A=0;85>A=80,8A68=80*4G0B0=3=>AC74A=#4G82>)?4=3B
F8=C4ABC7A>D67>DCC74+)0=3B>DC7C>4=CA0;<4A8200=3C74-4BC
=384B&A454AA437018C0CB8=2;D34?>=3B;0:4B<0AB74BB<0;;A8E4A
14=3B10HB38C274B0=328CH?>=3B
&=2062@;.@=9.AF?5F;05<@
2;4A5%.;420:6;
*2645A
4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;<::<;A<./B;1.;A
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
"''(
22@2.;1B08@;.A61.2
4=4A0;#>CC;43D2:#438D<3011;8=63D2:F8C7
30A:1A>F=<>CC;431>3H540C74ABDBD0;;HB7>F
38BC8=2C<D;C8C>=43274EA>=B1D551A>F=50240=3
D=<0A:43=42:30A:4A2A>F=0=34H4;8=4)?42D;D<
8B1;D46A44=1>A34A43F8C71;02:0=358=4F78C410AB
8;;8B1A867CH4;;>F;46B0=3544C0A4>A0=64
>A068=60=34438=6#>CC;43D2:011;4B8=
B70;;>F<0AB74B0=3?>=3B5>A<>;;DB:B2ADBC0240=B
B=08;B8=B42CB58B7B443B0=30@D0C82E464C0C8>=
;B>5443B>=6A0BB6A08=0=314AA84B
A4438=60=3$4BC8=6#>CC;43D2:#>=>60<>DBA>D=3=4BC2>=B8BCB>5B2A0?48=3AH0A40>5<0AB7
DBD0;;H=40AF0C4A$4BC1D8;C1H54<0;42>=240;431HBDAA>D=38=6E464C0C8>=;8=43F8C73>F=1A40BC
540C74AB867CC>CF4;E4D=<0A:432A40<HC>6A44=F78C4466B4<0;48=2D10C4B5>AC>30HB
&A>2>280;H>D=65;43640CC>30HB0CC4=3431H54<0;4
;867C&0CC4A=)F85C38A42C5;867CF8C7BCA>=6F8=6140CB
(0=640=3018C0C#>CC;43D2:A443B5A><*4G0BC>;>A830
8=CA>3D243C>)>DC70A>;8=02>0BC$>=<86A0C>AHH40AA>D=3A4B834=C
>52>0BC0;<0AB74B1>C75A4B7F0C4A0=34BCD0A8=4>A064B8=A8240=3
06A82D;CDA0;584;3B?0AC82D;0A;H8=0DCD<=%220B8>=0;;H5>D=38=;0=3
&=2062@;.@3B9C64B9.
2;4A5%.;42
0:6;
*2645A
4<G
*6;4@=.;%.;420:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;.6?9F0<::<;6;0<.@A.9
?.;42
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&0.921<?&0.99<=21
299F#.AA2?; <AA921
?2.@A#.AA2?;&0.921<?&0.99<=21
!"%'%!#!'
22@2.;1B08@;.A61.2
4=4A0;$>AC74A=&8=C08;"0A643011;8=63D2:A0H
0=31;02:D??4A?0ACBF78C4=42:D=34A?0ACB6A0H
B834B403C7A>0C0=3=0?40A41A>F=0F78C4BCA8?4
38E834B5A>=C0=3102:>5=42:A0HF8=6B70E4
6A44=B?42D;D<1>A34A43F8C71A>F=01>E40=3F78C4
14;>F*08;8B1;02:;>=60=3?>8=C43
>A068=60=34438=6$>AC74A=&8=C08;443B
?A8<0A8;H>=E464C0C8>=0;604B443B0=38=B42CB
5>A064B8=B70;;>FF0C4A1H3011;8=6
A4438=60=3$4BC8=6$>AC74A=&8=C08;*7A44C>CF4;E4>;8E46A44=>;8E41D55>A2A40<466B0A4;0838=0
B70;;>F6A>D=3=4BC<034>56A0BB0=3;8=43F8C73>F=>5C4=B><438BC0=245A><F0C4A=2D10C8>=A0=64B
5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=8A42C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0C$>AC74A=&8=C08;A443B5A><;0B:00=3"01A03>A
B>DC7C>0;85>A=80$41A0B:00=3#08=4)?4=3BF8=C4ABB>DC7C>4=CA0;
<4A8200=3C74-4BC=384B0;B>8=DA0B80&A454AA437018C0CB8=2;D34
<0AB74B?A08A84?>=3BCD=3A00=3B><4C8<4BB0;C<0AB74B
&=2062@;.@.0BA.
2;4A5%.;420:
6;
*2645A
4<G
*6;4@=.;%.;420:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;*612@=?2.1/B;1.;A
.08#.AA2?;.??21<?/.;121
299F#.AA2?;&<961
?2.@A#.AA2?;&=<AA21<?@=208921
<=F?645A 6A05*.6A2?<B=
!"%'%!&")%
22@2.;1B08@;.A61.2
4=4A0;$>AC74A=)7>E4;4A#438D<3011;8=63D2:
-78C41A40BCF78C41>A34A431;02:102:
AD5>DB1A>F=D=34A?0ACB0=3B834B4030=3=42:
0A48A834B24=C6A44=;0A6418;;8B1;02:0=34H4B0A4
H4;;>F-8=6B70E4;0A64?0;41;D4B7>D;34A?0C274B
F78C410AB6A44=B?42D;D<"46B0=3544C0A4>A0=64
>A068=60=34438=6$>AC74A=)7>E4;4A443B>=
C8=H2ADBC0240=B<>;;DB:B8=B42CBB443B58B70=3
0@D0C82E464C0C8>=5>A064B1H3011;8=68=B70;;>F
F0C4A
A4438=60=3$4BC8=6$>AC74A=)7>E4;4A)8GC>=8=4C44=>;8E41D55>A6A44=6A0H466B0A4;0838=0
3>F=;8=432D?>56A0BB2>=240;438=E464C0C8>=>5C4=50A5A><F0C4A=2D10C8>=A0=64B5A><C>30HB
0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=)CA>=638A42C5;867CF8C7?>F4A5D;A0?83F8=6140CB
(0=640=3018C0C$>AC74A=)7>E4;4AA443B5A><;0B:00=3=>AC74A=
#0=8C>10B>DC7C>0;85>A=80$41A0B:00=3-8B2>=B8=;>20;0=3
D=2><<>=8=C74A40C"0:4B0A400=3C74=>AC740BC)?4=3BF8=C4AB
5A><%A46>=02A>BBC74B>DC74A=70;5>5C74+)C>C74D;5>0BC=>AC7
C>$4F 4AB4H0=3B>DC7C>4=CA0;<4A820&A454AA437018C0CB8=2;D34
<0AB74B0=3?A08A84?>C7>;4BB><4C8<4B5>D=3>=B0;C>A1A02:8B7
<0AB74B
&=2062@;.@09F=2.A.
2;4A5%.;42
0:
6;
*2645A4<G
*6;4@=.;%.;420:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;<::<;A<./B;1.;A
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&0.921<?&0.99<=21
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
%%&' %!&%
22@2.;1B08@;.A61.2
4=4A0;(431A40BC43#4A60=B4A#438D<B8I43
38E8=63D2:F8C71;02:D??4A?0ACB6A0HB834B
ADBC1A>F=1A40BC0=3F78C414;;H4033>D1;4
2A4BCB0=3=42:0A46A44=0=3C74=42:A8=68BF78C4
8;;8B;>=6C78=0=31A867C>A0=6444C0=3;46B0A4
>A0=64443B<>BC;H>=58B7F78278C58=3B1H
38E8=6
>A068=60=34438=6(431A40BC43#4A60=B4A0CB
<>BC;H58B75>A064B1H38E8=65A><C74BDA5024C>
?DABD4?A4HD=34AF0C4A6A>D?B>5C4=7D=C
2>>?4A0C8E4;H74A38=658B78=C>B70;;>FF0C4AF74A4
C74H0A440B84AC>20C27
A4438=60=3$4BC8=6(431A40BC43#4A60=B4A8E4C>B8GC44=>;8E41D55>A6A44=1D55466B0A4;0838=0
3>F=;8=4334?A4BB8>=2>=240;43D=34A01DB7>A8=01ADB7?8;4=2D10C8>=A0=64B5A><C>30HB0=38B
20AA843>DC1HC7454<0;4
;867C&0CC4A=)F85C38A42C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0C(431A40BC43#4A60=B4AA443B8=;0B:00=302A>BB
=>AC74A=0=030C>$4F5>D=3;0=30=3B>DC7C>C74A40C"0:4B)?4=3B
F8=C4AB27845;H0;>=6C742>0BCB5A><;0B:0B>DC7C>0;85>A=805A><
#0A8C8<4&A>E8=24BB>DC7C>;>A8300=30;>=6C74D;5>0BC&A454AA43
7018C0C5>A1A4438=68=2;D34BF>>343;0:4B0=3CD=3A0?>=3B5>D=3
<08=;H>=B0;CF0C4A3DA8=6F8=C4A
&=2062@ 2?4B@@2??.A<?
2;4A5%.;42
0:
6;
*2645A
4<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@
?2216;4#<=B9.A6<;*612@=?2.1
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&A?6=21<?@A?2.821
<=F?645A 6A05*.6A2?<B=
%
22@2.;1B08@;.A61.2
4=4A0;(437403#438D<38E8=63D2:6A0H102:
0=3B834B1;02:D??4A102:1A40BCAD<?0=3C08;
0=3F78C414;;H4030=3=42:0A4AD5>DB1A>F=
0=31;D46A0H18;;8B1;02:C8??434H4B0A4H4;;>F
443B<>BC;H>=0@D0C82E464C0C8>=(0?8338A42C
5;867CF8C7BCA>=6F8=6140CB5;84B8=,5>A<0C8>=
>A068=60=34438=6(437403443B>=B443B
A78I><4B0=3CD14AB>5?>=3F443BF8;324;4AH
F0C4A;8;84B6A0BB0=3F8;3A8240;B>40CB<>;;DB:B
0@D0C828=B42CB0=3B<0;;58B75>A064B1H38E8=6
5A><C74F0C4ABDA5024
A4438=60=3$4BC8=6(437403$8=4C>5>DAC44=?0;4>;8E41D55>A3D;;F78C4466B0A4;0838=0B70;;>F
2D?>5?;0=C<0C4A80;;8=43F8C73>F=1D8;C8=C0;;E464C0C8>==40AF0C4A=2D10C8>=A0=64B5A><C>
30HB0=38B20AA843>DC1HC7454<0;4)><4C8<4B;0HB466B8==4BCB>5>C74AF0C4A18A3B
;867C&0CC4A=;84B8=,5>A<0C8>=8=<86A0C8>=(0?8338A42C5;867CF8C750BCF8=6140CB
(0=640=3018C0C(437403A443B8=C74=>AC74A=?A08A84B>5C74+)
0=30=0300=38=C4A<>D=C08=<0AB74B>5C74F4BC)?4=3BF8=C4AB
<>BC;H8=*4G0B0=3#4G82>$4BCB8=<0AB74B>?4=;0:4B0=310HB
>5C4=F8=C4AB>=B0;CF0C4A
&=2062@FA5F..:2?60.;.
2;4A5%.;420:
6;
*2645A
4
<G
*6;4@=.;%.;420:6;
?2216;4'F=2 <;<4.:<B@?<<1=.?.@6A2
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;.??21<?/.;121
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
%!!(
22@2.;1B08@;.A61.2
4=4A0;(8=6=42:43D2:#438D<B8I4338E8=6
3D2:;02:D??4A?0ACBF40:;HCD5C43?DA?;41;02:
7403$42:D??4A1A40BCC08;0A41;02:;>F4A1A40BC
0=314;;H0A4F78C4B834B0A4?0;46A0H8==0<>=
2>;;0A8B70A3C>B448=C74584;30A:F8=6B70E4
1;02:C8??436A0H5;867C540C74ABE8B81;48=5;867C
;D46A0H18;;F78C4A8=61;02:C8?
>A068=60=34438=6(8=6=42:43D2:0CB
<>BC;H0@D0C82?;0=CB0=3B443B1DC0;B>5443B>=
8=B42CB<>;;DB:BF>A<0=32ADBC0240=B5>A064B1H
38E8=65A><C74F0C4ABDA5024
A4438=60=3$4BC8=6(8=6=42:43D2:)8GC>5>DAC44=>;8E46A0H>;8E41A>F=>A6A44=1D55466B0A4
;0838=03>F=;8=436A>D=3=4BC2>=240;438=E464C0C8>==40AC744364>50?>=3=2D10C8>=A0=64B5A><
C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=8A42C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0C(8=6=42:43D2:A443B5A><;0B:0#0=8C>10
0=3$4F5>D=3;0=3B>DC7C>0;85>A=80A8I>=0C74A40C"0:4B0=3
#08=4)?4=3BF8=C4AB5A><-0B78=6C>=B>DC70;>=6C74&0285822>0BC
40BCC7A>D67C74B>DC7F4BC0=3C74D;5>0BCBC0C4B0=3=>AC7C>$4F
=6;0=3>D=3>=F>>343;0:4B?>=3B0=3A8E4ABB4;3><B44=>=
B0;CF0C4A4G24?C8=C74B>DC74A=BC0C4B
&=2062@FA5F.0<99.?6@
2;4A5%.;420:
6;
*2645A4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;*612@=?2.1.6?9F0<::<;
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
%"&&&""&
22@2.;1B08@;.A61.2
4=4A0;(>BBB>>B4)<0;;F78C46>>B4F8C7
1;02:?A8<0AH540C74AB0=3BCD11H6A0H10B43
A43>A0=6418;;(43>A0=64;46B0=3544C0CB<>BC;H
5A4B76A0BB4B0=36A08=B>5C4=8=C742><?0=H>5
)=>F44B4(0?8338A42C5;867CF8C7BCA>=6F8=6
140CB;84B8=0,5>A<0C8>=$>AC7<4A820B
B<0;;4BC6>>B4
>A068=60=34438=6(>BBB>>B4443B>=6A0BB
B4364B0=3B<0;;6A08=B?0AC82D;0A;HF0BC4F740C
0=310A;4H3DA8=6F8=C4A<>=C7B
A4438=60=3$4BC8=6(>BBB>>B4>DA>A58E4F78C4466B0A4;083>=C746A>D=38=06A0BB=4BC;8=43F8C7
3>F=0=31D8;C>=0B<0;;;0:4>AA8E4A8B;0=3=4BCB8=;>>B42>;>=84B=2D10C8>=A0=64B5A><C>30HB
0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=(0?8338A42C5;867C
(0=640=3018C0C(>BBB>>B4A443B>=CD=3A08==>AC740BC4A=
#02:4=I840=3>=)>DC70<?C>=B;0=38=D3B>=0H)?4=3BF8=C4AB
<08=;H8=0;85>A=801DC=>F>22DAB8=8=2A40B8=6=D<14AB8=C74;>F4A
#8BB8BB8??8,0;;4H0=3>=C7440BC2>0BC>D=38=B0;C0=35A4B7F0C4A
<0AB74B3DA8=6F8=C4A
&=2062@52;?<@@66
2;4A5%.;420:
6;
*2645A
4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@<9<;6.9
?2216;4#<=B9.A6<;%.?2A<B;0<::<;
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
%(,(
22@2.;1B08@;.A61.2
4=4A0;(D33HD2:)<0;;3D2:1A867CA431A>F=
1>3H1;02:20?4GC4=3B14;>FC744H4B0=3>=C>C74
=0?42>=CA0BC8=6B70A?;HF8C7F78C45024740EH18;;
8B1;D4*08;8B1;02:>5C4=74;34A42CF74=
BF8<<8=6)><4<0;4BB7>F0;;1;02:7403;02:8=6
F78C42744:?0C274B8A42C5;867C>=A0?83F8=6
140CB
>A068=60=34438=6(D33HD2:443B>=
?>=3F443BF8;324;4AH0;604B443B0@D0C828=B42CB
B74;;58B70=32ADBC0240=B5>A064B>=C74F0C4A
BDA50240=31H38E8=6
A4438=60=3$4BC8=6(D33HD2:8E4C>B4E4=C44=2A40<HF78C4466B=4BCBC08=430A4;0838=05;>0C8=6
=4BC<034>53AHBC4<B;8=43F8C73>F=0=32>=240;438=A443B>A1D;ADB74B=2D10C8>=A0=64B5A><C>
30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=8A42C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0C(D33HD2:A443B5A><A8C8B7>;D<180
#02:4=I840=3'D4142B>DC7C>0;85>A=80B>DC74A=$4F#4G82>0=3
B>DC74A=*4G0BF8C7>220B8>=0;1A4438=650AC74A40BC)?4=3BF8=C4AB>=
2>0BCB=>AC7C>A8C8B7>;D<1800=3#0BB027DB4CCB0=30B50A8=;0=30B
#8BB>DA8&A454AA431A4438=67018C0CB8=2;D345A4B7F0C4A<0AB74B<0AB7H
;0:4B0=3?>=3B>D=38=<0AB74B0=3B70;;>F2>0BC0;10HB3DA8=6
F8=C4A
&=2062@"EFB?.7.:.602;@6@
2;4A5%.;42
0:
6;
*2645A4<G
*6;4@=.;%.;42
0:
6;
?2216;4'F=2 <;<4.:<B@
?2216;4#<=B9.A6<;.6?9F0<::<;A<0<::<;
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
&!"*""&
22@2.;1B08@;.A61.2
4=4A0;)=>F>>B4"0A646>>B4F8C7CF>2>;>A
?70B4B-78C4?70B48B0;;F78C4F8C71;02:F8=6C8?B
;D4?70B470BF78C474030=3=42:1;D46A0H
D??4A?0ACB6A0H1A>F=1A40BC0=3B834BF78C414;;H
&8=:18;;1;02:;>F4A<0=381;4&8=:;46B544C
)CA>=638A42C5;867C8=1D=27435;>2:B>A+
5>A<0C8>=B
>A068=60=34438=6)=>F>>B484C2>=B8BCB>5
B0;C6A0BBF8;3<8;;4CB?8:4ADB7540C74A6A0BB?0=82
6A0BBB40B7>A4?0B?0;D<34;C03D2:?>C0C>1D;ADB7
2>A36A0BB20CC08;AH46A0BB0=3F8;3A8242D;C8E0C43
A8248B0E4AH8<?>AC0=C5>>3>=F8=C4A8=66A>D=3B8=
*4G0B0=3">D8B80=0
A4438=60=3$4BC8=6)=>F>>B4*7A44C>58E4F78C4466B0A4;0838=06A>D=3=4BCB?0AB4;H;8=43F8C7
3>F==4BCB8=2>;>=84B>=CD=3A0=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=)CA>=638A42C5;867C
(0=640=3018C0C)=>F>>B4A443B8=C74A2C82A468>=B>5$>AC7
<4A8200=34GCA4<440BC4A=)814A80=C74F4BCB?4=3BF8=C4AB>=C74
&0285822>0BC5A><B>DC74A=A8C8B7>;D<180B>DC7C>0900;85>A=80
0;B><83C;0=C822>0BC0=3C74D;5>0BC5A><#8BB8BB8??8C>*4G0B
A443B>=CD=3A0F8=C4A8=67018C0CB8=2;D34B0;C<0AB74B0=3<0AB7H
2>0BC0;10HB0=30;B>5A4B7F0C4A<0AB74B0=3039024=C6A08=584;3B
&=2062@52;0.2?B92@02;@
2;4A5%.;420:
6;
*2645A
4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@<9<;6.9
?2216;4#<=B9.A6<;)2?F0<::<;/B;1.;A
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;.??21<?/.;121
299F#.AA2?;.??21<?/.;121
?2.@A#.AA2?;.??21<?/.;121
&(%&"'%
22@2.;1B08@;.A61.2
4=4A0;)DA5)2>C4A#438D<38E8=63D2:4=C8A4;H
1;02:4G24?C5>AF78C4?0C274B>=5>A474030=3=0?4
8;;8B>A0=641;02:0=3F78C4H4B0A4F78C4"46B
0=3544C0A4>A0=648E4B5>A5>>3?A8<0A8;H
<>;;DB:B0=32ADBC0240=B(0?8338A42C5;867CF8C7
BCA>=6F8=6140CB;84B8=BCA0867C;8=45>A<0C8>=
>A068=60=34438=6)DA5)2>C4A443B<08=;H>=
<>;;DB:B2ADBC0240=B0@D0C828=B42CBB<0;;58B7
0@D0C82?;0=CB0=3B443B5>A064B1H38E8=65A><C74
BDA5024
A4438=60=3$4BC8=6)DA5)2>C4A8E4C>4867C?0;41D55;867C?8=:>A1D55F78C4466B0A4;0838=0
3>F=;8=4334?A4BB8>=78334=D=34A01DB7>A8=<0AB7E464C0C8>==>C=424BB0A8;H=40AF0C4A=2D10C8>=8B
20AA843>DC1HC7454<0;40=3A0=64B5A><C>30HB
;867C&0CC4A=(0?8338A42C5;867C)CA>=6344?F8=6140CB
(0=640=3018C0C)DA5)2>C4AA443B8=;0B:00=302A>BB=>AC74A=
0=030C>"01A03>A)?4=3BF8=C4AB<08=;H0;>=62>0BCB5A><;0B:0
B>DC7C>0;85>A=800=35A><$4F5>D=3;0=3B>DC7C>;>A8300=3A0A4;HC>
*4G0BA443B>==>AC74A=;0:4B0=3B?4=3BF8=C4AB0;<>BC4=C8A4;H>=C74
>240=0=38=;0A642>0BC0;10HB
&=2062@ 29.;6AA.=2?@=60699.A.
2;4A5%.;420:
6;
*2645A4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@
?2216;4#<=B9.A6<;<::<;A<./B;1.;A
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
*""(
22@2.;1B08@;.A61.2
4=4A0;->>3D2:)<0;;CA443D2:F8C71A>F=
102:F78C4C7A>0C?DA?;41A>F=1A40BCF8C7F78C4
5;42:B6A038=6C>F78C414;;H1D55H4;;>F5;0=:B
A4BC4374038B6A44=0=3?DA?;4F8C7F78C4BCA8?4B
F78C4C7A>0C70BCF>10AB>=44GC4=3B0B0?0AC80;
2>;;0AC74>C74A4GC4=3B1478=30=314;>F4H4B
>A068=60=34438=6->>3D2:443B>=
E464C0C8>=8=B42CBB=08;BC03?>;4B0=3B0;0<0=34AB
5>A064BF78;4BF8<<8=6
A4438=60=3$4BC8=6->>3D2:$8=4C>585C44=2A40<HF78C4>A?0;41D55466B0A4;0838=0CA4420E8CH
;8=43F8C73>F==2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4.>D=620=5;H0C
C>30HB%220B8>=0;;H?A>3D24BCF>1A>>3B?4AH40A
;867C&0CC4A=)F85C38A42C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0C->>3D2:A443B02A>BB<>BC>524=CA0;0=3
40BC4A=+)0=3B>DC740BC4A=0=0300=30;>=6C74&0285822>0BC5A><
0;85>A=80C>A8C8B7>;D<180&A454AA437018C0CB8=2;D34F>>343
BF0<?B0=35A4B7F0C4A<0AB74B
&=2062@6E@=<;@.
2;4A5%.;42
0:
6;
*2645A4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;;0?2.@6;4
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&=<AA21<?@=208921
!"%'%!"*'
$B.69@"1<;A<=5<?61.2
4=4A0;$>AC74A=>1F78C4#438D<
<>A?7>;>6820;;HE0A801;4@D08;<>BCF8C7D=8@D4
7403?0CC4A=>5F78C450240=3C7A>0C30A:4H4BCA8?4
AD5>DB1A>F=40BC4A=0=3A40C&;08=B>A1;02:
;>A83024=C4ABCA8?4>=C>?>57403>3HB7>FB0
<>CC;432><18=0C8>=>51;02:1A>F=AD5>DB1A>F=
0=36A0H
>A068=60=34438=6$>AC74A=>1F78C4443B>=
0E0A84CH>5B443B1H6A>D=35>A068=6>220B8>=0;;H
2>=BD<4B6A44=E464C0C8>=0=38=B42CB)443384C
4GCA4<4;H38E4AB48=2;D34BF740C2>A=B>H140=B
;46D<4B?8=40=3>0:<0BC0=36A0BB4B
A4438=60=3$4BC8=6$>AC74A=>1F78C4#>=>60<>DB0=3B>;8C0AH>C7B4G4B1D8;3B20?4=4BC>5
6A0BB4BF443B3403E464C0C8>=4<0;4DBD0;;H8=2D10C4B5>DAC44=C>B8GC44=2A40<466B0;>=45>A30HB
<0;4B70E4144=3>2D<4=C438=2D10C8=6>220B8>=0;;H&A42>280;3>F=HH>D=60A401;4C>F0;:0=358=3
8=B42C5>>30;<>BC8<<4380C4;HD?>=70C278=60<8;H6A>D?B<0HBC0HC>64C74AC7A>D67;0C4F8=C4A
;867C&0CC4A=;C4A=0C4BB4A84B>5A0?83BC855F8=6140CBF8C7B7>AC6;834B
(0=640=3018C0C$>AC74A=>1F78C4>D=38=0E0A84CH>540A;H
BD224BB8>=0;1ADB7H5>A4BC430=306A82D;CDA0;7018C0CBC7A>D67>DC<D27
>5C7440BC4A=+)
&=2062@<96;B@C6?46;6.;B@
2;4A5%.;420:
6;
*2645A
4<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@
?2216;4#<=B9.A6<;2096;6;4<::<;9<0.99F
.08#.AA2?; <AA921
299F#.AA2?;&A?6=21<?@A?2.821
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
"
"!""!
<<;@.C661.2
4=4A0;><<>=">>="0A64;>>=F78C4B?>CC43
1;02:D??4A?0ACB0=3F78C4D=34A?0ACB403=42:
0A46A44=1;02:F8C7F78C4BCA40:43=42:10=3B8;;
8B1;02:0=3C782:H4B0A4A431A>F=8E4B5>A
B<0;;58B70=32ADBC0240=B8A42C5;867C>=BCA>=6
344?F8=6140CB7403=42:0=3544C4GC4=314H>=3
1>3H
>A068=60=34438=6><<>=">>=0CB<>BC;H
58B70=3>220B8>=0;;H2ADBC0240=BBD270B2A0H58B7
5>A064B1H38E8=65A><C74BDA50240=3270B8=63>F=
?A4HD=34AF0C4A
A4438=60=3$4BC8=6><<>=">>=%=4C>C7A44>;8E46A44=C>30A:1A>F=466BF8C730A:1A>F=B?>CB
0A4;0838=0=4BC<034>5E464C0C8>==40A344?F0C4A0;;>F8=6?0A4=CBC>BF8<C>0=35A><8CD=34C42C431H
?A430C>AB466BA4<08=4G?>B430=3D=2>E4A43F74=?0A4=CB;40E4C74=4BCC>5>A064=2D10C8>=A0=64B5A><
C>30HB0=38B20AA843>DC1H1>C7?0A4=CB
;867C&0CC4A=(0?8338A42C5;867C)CA>=6344?F8=6140CB
(0=640=3018C0C><<>=">>=A443B5A><C74;4DC80=B;0=3B
;0B:00=3=>AC74A=0=030B>DC7C>0;85>A=80#>=C0=00=3
#0BB027DB4CCB0;B>1A443B8=A44=;0=30=324;0=3)?4=3BF8=C4AB
0;>=6C74A40C"0:4B0=3C74D;5C;0=C820=3&0285822>0BCB
&A454AA43=4BC8=67018C0C8B>=5>A4BC43;0:4B0=3A8E4ABF8=C4AB<08=;H
>=2>0BC0;10HB0=3>240=B
&=2062@.C6.6::2?
2;4A5%.;42
0:6;
*2645A
4
<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@
?2216;4#<=B9.A6<;.6?9F0<::<;
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&=<AA21<?@=208921
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
%%
?2/2@#<1606=2161.2
4=4A0;0A43A414)<0;;6A414F8C71;02:
D??4A?0ACB30A:274BC=DC1A>F=5;0=:BF78C4
D=34A?0ACB4030=3=42:0A41;02:>A0=64540C74AB
>=5024H4B0A4A43;02:;46B0=3544C>A064B1H
38E8=60=3BF8<<8=6D=34AF0C4A443B>=0@D0C82
8=B42CB0=32ADBC0240=B8A42C5;867CF8C7A0?83F8=6
140CB
>A068=60=34438=60A43A414443B>=0@D0C82
8=B42CBB<0;;2ADBC0240=B0=358B75>A064B0CC74
F0C4ABDA5024>A1H38E8=60=3BF8<<8=6D=34AF0C4A
A4438=60=3$4BC8=60A43A414%=4C>=8=4F78C4C>;867C1;D4466B0A4;083>=05;>0C8=6=4BC<034>5
E464C0C8>=8=0<0AB7+BD0;;H=4BCB8=34=B42>;>=84B=2D10C8>=A0=64B5A><C>30HB0=38B20AA843
>DC1H1>C7?0A4=CB
;867C&0CC4A=8A42C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0C0A43A414A443B5A><A8C8B7>;D<180B>DC74A=
#0=8C>100=3C740:>C0BB>DC7C>0;85>A=800=3$4F#4G82>)?4=3B
F8=C4AB>=C74&028582D;50=3C;0=C82A0A42>0BCB0=3>220B8>=0;;H
>=>?4=F0C4A8=C748=C4A8>AB>DC7F4BC0=3*4G0B&A454AA437018C0CB
8=2;D34<0AB7H;0:4B0=3?>=3B>?4=10HB0=3>240=3DA8=6C74F8=C4A
&=2062@#<1602=@;64?60<996@
2;4A5%.;420:
6;
*2645A4
<G
*6;4@=.;%.;420:6;
?2216;4'F=2 <;<4.:<B@<9<;6.9
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
#%
?2/2@#<1606=2161.2
4=4A0;&84318;;43A414#438D<B8I43BC>2:H
6A414F8C71A>F=D??4A?0ACB?0;4A1A>F=D=34A?0ACB
F8C710AA43B834B0=35;0=:B0=338BC8=2CF78C4
D=34AC08;2>E4ACB78=8B1;02:0=318;;8BF78C4F8C7
24=CA0;1;02:A8=6H4B0A430A:443B>=0@D0C82
8=B42CB0=3E464C0C8>=B<0;;58B70=32ADBC0240=B
>A068=60=34438=6&84318;;43A4140CB
0@D0C82E464C0C8>=8=B42CB58B70=32ADBC0240=B
5>A064B1H38E8=65A><C74BDA50240=3BF8<<8=6
D=34AF0C4A
A4438=60=3$4BC8=6&84318;;43A414*F>C>C4=;867C1;D4466B0A4;0838=0F4;;78334=5;>0C8=6=4BC
<034>53403<0AB7E464C0C8>=0=27>A43C>4<4A64=C?;0=CB=2D10C8>=A0=64B5A><C>30HB0=38B
20AA843>DC1H1>C7?0A4=CB
;867C&0CC4A=8A42C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0C&8418;;43A414A443B5A><A8C8B7>;D<180
B>DC74A=#02:4=I840=3$>E0)2>C80B>DC7F0A3)?4=3BF8=C4AB8=C74
B>DC74A=BC0C4B>AF74A4E4AF0C4AA4<08=B>?4=&A454AA437018C0CB
8=2;D34<0AB74B0=3?>=3B
&=2062@#<169F:/B@=<1602=@
2;4A5%.;420:
6;
*2645A4
<G
*6;4@=.;%.;420:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;)2?F0<::<;
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
!"%'%!!!'
<</F.;1.;;2A@&B961.2
4=4A0;$>AC74A=0==4C,4AH;0A64B4018A3-78C4
>E4A0;;F8C71;02:?A8<0A84B0=3;>=6?>8=C43F8=6B
"867CH4;;>FF0B7>=2A>F=>574034GC4=38=63>F=
=0?4<0H14E8B81;48;;;46B0=3544C0A46A0H
8E4B5>A58B70=3B@D83;C4A=0C4BA0?83F8=6140CB
F8C7B7>AC6;834B)>0ABC>6A40C74867CB
>A068=60=34438=6$>AC74A=0==4C&4;0682
B?4284B5443B>=58B74B?4280;;H<02:4A4;0=3
74AA8=60=3B@D83)C4038;H5;0?B0=36;834B8=C>C74
F8=301>E4F0C4AB20==8=65>A?A4H8E4B8=C>F0C4A
5A><74867CB0E4A068=6C>544CA0A4;HD?C>
544C(48=5>A243B:D;;74;?B30<?4=38E8=68<?02C>=
C7474038E4B?A>3D24;8CC;4>A=>B?;0B7
A4438=60=3$4BC8=6$>AC74A=0==4C#>=>60<>DB2>;>=80;=4BC4A>5C4=F8C7;>=6C4A<?08A8=6#0;4
0=354<0;41D8;3=4BC>56A0BB0=3B40F443>=2>0BC0;A>2:H2;8556A>D=3>AA>2:H8B;0=3$4BC<0H14
A4DB438=BD1B4@D4=CH40ABF8C7<0C4A80;148=603343C>A4?08A8C4<0;4;0HB>=4;867C1;D4466C70C
142><4B=4BCBC08=43>C7B4G4B8=2D10C44665>AC>30HB0=3C4=30;CA8280;=4BC;8=6BD=C8;5;4368=60C
C>30HB
;867C&0CC4A=0;C4A=0C4BB4A84B>5F8=6140CBF8C7;>=6C>B7>AC6;834B38E4B8=C>F0C4A
(0=640=3018C0C$>AC74A=0==4C&4;0682B?4284B5>D=3>=C74
C;0=C822>0BC%5C4=B44=5A><B7>A40;B><0H145>D=350A5A><B7>A4
8=>?4=>240=A443B>=2>0BCB>5=>AC740BC4A=0=030-8=C4AB5A><
#08=4C>*4G0B#4G82>1>A34A0;>=6C;0=C820=3D;52>0BCB
&=2062@ <?B@/.@@.;B@
2;4A5%.;42
0:6;
*2645A4
<G
*6;4@=.;%.;42
0:
6;
?2216;4'F=2 <;<4.:<B@<9<;6.9
?2216;4#<=B9.A6<;)2?F0<::<;
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
%!*'#!
#2960.;@#2920.;61.2
4=4A0;<4A820=-78C4&4;820=D64F78C4
B4018A34=>A<>DB>DCBCA4C2743F8=6BB7>F1;02:
?A8<0A84B>DC4AB42>=30A84B8=5;867C8;;;46B0A4
1A867C>A0=64D??4A18;;34E4;>?B0581A>DB:44;
3DA8=61A4438=6B40B>=);>F344?F8=6140CB)>0AB
7867>=C74A<0;B;84B8=BCA0867C;8=4>A,
5>A<0C8>=
>A068=60=34438=6<4A820=-78C4&4;820=
443B<>BC;H>=58B7F78;4BF8<<8=6B=0C278=6?A4H
F8C7;0A6418;;6A>D?B<0H2>=24=CA0C4?A4H1H
74A38=6=03D;C?4;820=20=2>=BD<4D?C>;1B>5
5>>3402730H+=;8:4C74A>F=&4;820=C78B18A3
3>4B=>C?;D=6438E45>A5>>3
A4438=60=3$4BC8=6<4A820=-78C4&4;820=$4BCB8=2>;>=84B;0H8=6>=4>ACF>F78C4466B>=0;>F
<>D=31D8;C5A><<D30=3341A8B$4BC8=62>;>=84B0A4DBD0;;H;>20C43>=<0AB7H8B;0=3B1DC>220B8>=0;;H
>=A>2:H8B;0=3B8=34B4AC;0:4B=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1H1>C7?0A4=CB
;867C&0CC4A=)CA>=6B;>F344?F8=6140CB
(0=640=3018C0C<4A820=-78C4&4;820=A443B5A><A8C8B7
>;D<1800=3#02:4=I84B>DC7C>=>AC74A=0;85>A=80+C070=3
#0=8C>100;B>1A443B0;>=6C74D;5>0BC)?4=3BF8=C4AB8=C74
B>DC74A=+)B>DC7C>&0=0<0&A454AA437018C0CB8=2;D34B70;;>F;0:4B
0=32>0BC0;;06>>=B
&=2062@#2920.;B@2?FA5?<?5F;05<@
2;4A5%.;42
0:6;
*2645A4<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@<9<;6.9
?2216;4#<=B9.A6<;.6?9F0<::<;A<0<::<;
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
%"*!#!
#2960.;@#2920.;61.2
4=4A0;A>F=&4;820="0A64D=<8BC0:01;4B4018A3
6A0H1A>F=1>3H30A:1A>F=?0;4H4;;>F74030=3
=42:>E4AB8I4318;;;02:;46BF41143544C443B
>=58B71H?;D=6438E8=60=3B2>>?8=6C74<D?F8C7
?>D27&>F4A5D;5;867C0;C4A=0C4B5;0?BF8C7B7>AC
6;834B;84B2;>B4C>C74F0C4A8=BCA0867C;8=4
>A068=60=34438=6A>F=&4;820=0CB<>BC;H
<4=7034=022>D=C8=65>A>E4A>5384C1DC0;B>
?A4HB>=?8658B7?8=58B774AA8=6B744?B7403
B8;E4AB834B<D;;4CC>?<8==>FB0=32ADBC0240=B
DBD0;;H?A0F=B&;D=6438E4BC>20C2758B7
A4438=60=3$4BC8=6A>F=&4;820="0HBCF>C>5>DAF78C4466B8=0=4BC<034>5A443B6A0BBBCA0F0=3
BC82:B0=31D8;C8=0CA44>A1D8;3B06A>D=3=4BC2>=B8BC8=6>50B70;;>FB2A0?4;8=43F8C7540C74AB0=30
BDAA>D=38=6A8<>5B>8;C>8=274B7867+BD0;;H=4BCB8=2>;>=84B=2D10C8>=A0=64B5A><C>30HB
0=38B20AA843>DC1H1>C7?0A4=CB
;867C&0CC4A=A0245D;&>F4A5D;5;867CF8C734;814A0C4F8=6140CB0;C4A=0C8=6F8C7B7>AC6;834B
(0=640=3018C0CA>F=&4;820=&028582C;0=C820=3D;52>0BCB
=>AC7C>$>E0)2>C80>220B8>=0;;H5>D=38=;0=3&A454AA437018C0CB
8=2;D34B0=3H2>0BC0;140274B0=3;06>>=BF0C4A5A>=CB0=3?8;8=6B0=3
A>2:H2;855B
&=2062@#2920.;B@<00612;A.96@
2;4A5%.;42
0:6;
*2645A4
<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@<9<;6.9
?2216;4#<=B9.A6<;.6?9F0<::<;A<0<::<;
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&A?6=21<?@A?2.821
<=F?645A 6A05*.6A2?<B=
"(%&'"% "%!'
<?:<?.;A@#5.9.0?<0<?.061.2
4=4A0;>D1;42A4BC43>A<>A0=C#438D<
2>A<>A0=CF8C78A834B24=C1;02:1>3H0=3>A0=64
C7A>0C?>D27-4BC4A=18A3B70E4F78C4540C74ACD5CB
>E4A40274H48=40A;HBD<<4A&0;418;;8B;>=60=3
7>>:43;02:;46B0=3544C443B>=58B7
0<?78180=B0=32ADBC0240=B)CA>=638A42C5;867C
B>0AB>=C74A<0;B
>A068=60=34438=6>D1;42A4BC43>A<>A0=C
84C2>=B8BCB<>BC;H>558B71DC0;B>40CB2ADBC0240=B
0=30<?78180=B>A064B1H38E8=65A><C74BDA5024
0=3BF8<<8=6D=34AF0C4AC>20C27?A4H?A>?4;;431H
8CBF41143544C=>CF8=6B
A4438=60=3$4BC8=6>D1;42A4BC43>A<>A0=C#0;470B0=4;01>A0C42>DACB78?30=248=F782774
?A4B4=CBC7454<0;4F8C7<0C4A80;C>1D8;30=4BC>A<0A:B>DC0=4BC8=6B8C4*F>?0;41;D4466B0A4;0838=0
=4BC1D8;C>5CF86B>AB40F443=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1H1>C7?0A4=CB
;867C&0CC4A=)CA>=6?>F4A5D;38A42C5;867C
(0=640=3018C0C>D1;42A4BC43>A<>A0=CA443B;>20;;H5A><
;0B:0#0=8C>100=3$4F5>D=3;0=3B>DC7C>#4G82>0=3070<0B
)?4=3BF8=C4AB<08=;H>=2>0BCB=>AC7C>;0B:00=3B>DC74A=$4F
=6;0=3&A454AA437018C0CB8=2;D34;0:4BA8E4ABBF0<?B0=32>0BCB
&=2062@#5.9.0?<0<?.E.B?6AB@
2;4A5%.;42
0:6;
*2645A
4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@<9<;6.9
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
!"'%"#"% "%!'
<?:<?.;A@#5.9.0?<0<?.061.2
4=4A0;$4>CA>?82>A<>A0=C)<0;;;>=6C08;43
2>A<>A0=C;02:D??4A0=3;>F4A?0ACB<0HB7>F
1;D46;>BB">=67>>:43H4;;>F6A0H18;;F8C7H4;;>F
EB70?436D;0A?>D27436438=F78C4"46B0=3544C
0A41;02:443B>=58B72ADBC0240=B0=30<?78180=B
;84B;>F>E4AF0C4AF8C7BCA>=6A0?83F8=6140CB
>A068=60=34438=6$4>CA>?82>A<>A0=C443B
>=E0A84CH>558B75A>6BC03?>;4B0=3>C74A0@D0C82
>A60=8B<B8E4B8=?DABD8C>5?A4H5A><F0C4AB
BDA5024*74>=;H2>A<>A0=C:=>F=C>>220B8>=0;;H
?;D=6438E45A><01>E4F0C4ABBDA5024>>?4A0C8E4
54438=670B0;B>144=3>2D<4=C43
A4438=60=3$4BC8=6$4>CA>?82>A<>A0=C#>=>60<>DB0=32>;>=80;#0;427>>B4B=4BCB8C40=31A8=6B
<0C4A80;BC>54<0;4F7>1D8;3B=4BC8=C745>A:>50CA44A0A4;H>=6A>D=3$4BC8B<034>5BC82:BCF86B
6A0BB4B0=3;40E4B>C7B4G4B8=2D10C4CF>C>B8G?0;41;D4466B5>AC>30HB0=3C4=3H>D=6F7>
142><48=34?4=34=C0A>D=3F44:B
;867C&0CC4A=)CA>=638A42C5;867CF8C7?>F4A5D;A0?83F8=6140CB
(0=640=3018C0C$4>CA>?82>A<>A0=C08A;H2><<>=8=+)A0=64
>D=3?A8<0A8;H8=">D8B80=0*4G0B0=30;>=6C74(8>A0=34E0;;4H
8=C>$4F#4G82>=7018CBB0;CF0C4A10HB0=38=;4CB0=35A4B7F0C4A;0:4B
0=3?>=3B
&=2062@#5.9.0?<0<?.E/?.@696.;B@
2;4A5%.;420:6;
*2645A
4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@<9<;6.9
?2216;4#<=B9.A6<;<::<;6;?.;42
.08#.AA2?; <AA921
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
!!
;56;4.;56;461.2
4=4A0;=78=60"0A6430A:F0C4A18A3F8C7;>=6
C08;B=0:4;8:4=42:B<0;;7403A434H4B0=3;>=6
>;8E41A>F=18;;>3H8B6A44=1;02:>E4A0;;F8C7
B8;E4A6A0H540C74AB0??40A8=6B?42:;430=36A8II;43
>=D??4A102:0=35>A4F8=6B!B=0:418A30=3
F0C4ACDA:4H%5C4=B>0AB;8:40A0?C>A
>A068=60=34438=6=78=60443B?A8<0A8;H>=
58B70;B>40CB0@D0C828=E4AC41A0C4B*0A64CB
B;>F4A<>E8=6B?4284B>558B70=3BC0;:BC74<
D=34AF0C4ABCA8:8=6B=0:4;8:4F8C7;>=6=42:0=3
B?40A8=6?A4HF8C7?>8=C4318;;&A4H8B40C4=01>E4
F0C4A05C4AC>BB8=68C>55C7418;;0=3?>B8C8>=8=68C5>A
BF0;;>F8=6740358ABC
A4438=60=3$4BC8=6=78=60*F>C>58E4F78C4C>?0;41;D4466B0A4;0838=0;>>B4=4BC<034>5BC82:B
0=3;8=43F8C76A0BB0=3;40E4B=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1H1>C7?0A4=CB
;867C&0CC4A=)CA>=66A0245D;38A42C5;867C%5C4=B>0AB;8:40A0?C>A
(0=640=3018C0C=78=60A443B=40AC;0=C820=3D;52>0BCB5A><
$>AC70A>;8=0C>*4G0B8=;>A8300=38=#8BB8BB8??8,0;;4H=>AC7C>
B>DC74A=#8BB>DA80=3!4=CD2:H)?4=3BF8=C4AB0;>=6C74D;5>0BC
=>AC7C>)>DC70A>;8=0;B>>22DAB8=CA>?820;<4A820&A454AA43
7018C0CB8=2;D345A4B7F0C4A0=32>0BC0;F0C4A1>384BF8C7C782:E464C0C8>=
0=3;0A64CA44BF78278CDB4B5>AA>>BC8=60=3=4BC8=6
&=2062@;56;4..;56;4.
2;4A5%.;420:6;
*2645A
4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@<9<;6.9
?2216;4#<=B9.A6<;.6?9F0<::<;A<0<::<;
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&=<AA21<?@=208921
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
!!'%'%
?64.A2/6?1@?24.A61.2
4=4A0;#06=85824=CA860C418A3"0A641;02:
B4018A3>A0=64C7A>0C?0C278=5;0C4B8=C>07D641A867C
A43>A0=6410;;>>=F74=8=2>DACB78?38B?;0H">=6
18;;8B6A0H7>>:43-8=6B0A4;>=60=3=0AA>F*08;
8B5>A:43;46B0=3544C0A430A:6A0H0CB58B7
2ADBC0240=B94;;H58B7867B>0A8=65;867C
>A068=60=34438=6#06=85824=CA860C418A30CB
B<0;;58B7B@D8394;;H58B72ADBC0240=B70C27;8=6B40
CDAC;4BH>D=6C4A=B18A3B0=3C748A466B0;B>
B20E4=64B5>AB2A0?B0A>D=358B78=61>0CB0=33>2:B
>A064B1HB70;;>F?;D=6438E8=6>AB=0C278=65>>3
5A><C74BDA5024270B4BC4A=B0=35>A24BC74<C>3A>?
C748A20C27
A4438=60=3$4BC8=6#06=85824=CA860C418A3%=4A0A4;HCF>F78C4466B0A4;0838=05;8<BH?;0C5>A<
<034>5BC82:B6A0BB0=3BC4<BDBD0;;H1D8;C8=0<0=6A>E4>C74ACA44>A1DB7C>544C01>E4C74
6A>D=3>AF0C4AB><4C8<4B=4BCB>=C746A>D=3=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1H
1>C7?0A4=CB#>BC54<0;4B3>=>C1A4434E4AHH40A
;867C&0CC4A=A0245D;,4AH7867455>AC;4BBB>0A8=65;867C
(0=640=3018C0C#06=85824=CA860C418A3DA8=61A4438=6B40B>=
5>D=38=2>0BC0;;>A8300=38=CA>?820;C;0=C820=3&028582%240=B=
=>=1A4438=6B40B>=>22DAB5A><C742>0BC>5$>AC70A>;8=0B>DC7C>
;>A8300=3F4BCC>*4G0B0;B>>=C742>0BC>50;85>A=80&A454AA43
7018C0CB8=2;D34>240=2>0BCB10HB0=38B;0=3B=4BCB>=<0=6A>E4
8B;0=3B
&=2062@?24.A.:.4;63602;@
2;4A5%.;42
0:
6;
*2645A
4<G
*6;4@=.;%.;420:6;
?2216;4'F=2 <;<4.:<B@<9<;6.9
?2216;4#<=B9.A6<;%.?2A<0.@B.9
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
%!''%!
6AA2?;@2?<;@.;14?2A@?1261.2
4=4A0;<4A820=8CC4A=#438D<B42A4C8E4
74A>=;8:4F038=618A3F8C7BC>DC1>3H0=3=42:0=3
A4;0C8E4;HB7>AC;46B+??4A?0ACB0A4BCA40:431A>F=
0=31D550=3D=34A?0ACB0A4F78C4F8C71A>F=BCA40:B
*7A>0C8BF78C4F8C71;02:B;0B74B>=B834B>5=42:
)CA>=638A42C5;867CF8C7344?A0?83F8=6140CB
>A068=60=34438=6<4A820=8CC4A=443B>=
8=B42CB0<?78180=B2A0H58B70=3B<0;;58B70=3
<0<<0;B-74=5>A068=68CA4;84B>=BC40;C7F78;4
F08C8=6<>C8>=;4BB;H5>A?A4HC>?0BB1H0CF7827
C8<48C30ACB5>AF0A3C>B48I4C74?A4H8=8CB18;;
A4438=60=3$4BC8=6<4A820=8CC4A=+BD0;;H2>=B834A43<>=>60<>DB1DCB><4C8<4B4G7818CB
?>;H60<H4<0;427>>B4B=4BCB8C40=31D8;3BC74=4BCDBD0;;H8=34=B44<4A64=CE464C0C8>=>E4AF0C4A
$4BC8B2>=BCAD2C43>5A443BB4364B20CC08;B0=3>C74AE464C0C8>=*F>C>B4E4=?0;41A>F=>A>;8E41D55
466B0A4;0830=38=2D10C435>AC>30HB1HC7454<0;4
;867C&0CC4A=)CA>=638A42C5;867CF8C7344?A0?83F8=6140CB
(0=640=3018C0C<4A820=8CC4A=A443B5A><B>DC740BC4A=;0B:0
#0=8C>100=3$4F5>D=3;0=3B>DC7C>0;85>A=80$4F#4G82>
A:0=B0B0=3C740A>;8=0B)?4=3BF8=C4AB5A><2>0BC0;A8C8B7
>;D<180;;8=>8B0=30;>=6C74C;0=C822>0BCC>">=6B;0=30=3B>DC7
C>>BC0(820A0A4;H0=3A40C4A=C8;;4B&A454AA437018C0CB8=2;D34
5A4B7F0C4AF4C;0=3BF8C7C0;;4<4A64=CE464C0C8>=
&=2062@<A.B?B@92;A646;<@B@
.08#.AA2?; <AA921
2;4A5%.;420:6;
299F#.AA2?;&A?6=21<?@A?2.821
*2645A4<G
?2.@A#.AA2?;&A?6=21<?@A?2.821
*6;4@=.;%.;42
0:6;
?2216;4'F=2&<96A.?F;2@A2? .F/2=<9F4.:<B@
?2216;4#<=B9.A6<;.6?9F0<::<;2096;6;46;
A52&<BA5
6?1@<3<96C.?#2;6;@B9.
%"*!
!'%"!
6AA2?;@2?<;@.;14?2A@?1261.2
4=4A0;;02:2A>F=43$867C4A>=#438D<B8I43
BC>2:H74A>=F8C7B7>AC=42:0=3;46B1;02:
D??4A?0ACB6A0HF8=6B0=3F78C4C>?0;46A0H
D=34A?0ACB)C>DC1;02:18;;A434H4B0=3H4;;>F;46B
443B>=B<0;;8=E4AC41A0C4B2ADBC0240=BE4AC41A0C4B
<0<<0;B466B0=3H>D=6>5>C74A18A3B0=3?;0=CB
>A068=60=34438=6;02:2A>F=43$867C4A>=
+BD0;;H5443B8=C744E4=8=6>A40A;H<>A=8=684C
2>=B8BCB>558B7;44274B40AC7F>A<B8=B42CB
2A0H58B7<DBB4;BB@D830<?78180=B;8I0A3BB=0:4B
A>34=CB18A3B466B20AA8>=?;0=C<0C4A80;B0=3
60A10640C;0=358;;B+BD0;;H0B>;8C0AH5>A064A8C
BCA>=6;H3454=3B8CB54438=6C4AA8C>AH
A4438=60=3$4BC8=6;02:2A>F=43$867C4A>=%=4C>B4E4=?0;41;D4>A6A44=466B0A4;0838=05;8<BH
?;0C5>A<;8=43F8C7A>>CB0=36A0BB1D8;C=40AC74CAD=:>50CA44>A8=1A0=274B+BD0;;H=4BCB8=2>;>=84B
=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1H1>C7?0A4=CB
;867C&0CC4A=8A42C5;867CF8C7B;>FBC403HF8=6140CB
(0=640=3018C0C;02:2A>F=43$867C4A>=A443BC7A>D67>DCC74
+)4G24?C(>2:H#>D=C08=A468>=C>B>DC74A=)>DC7<4A820)?4=3B
F8=C4AB8=B>DC74A=70;5>5+)&A454AA437018C0CB8=2;D34BF0<?B
BCA40<BA8E4AB<0AB74B<D35;0CB0=3C744364B>5;0:4BC70C70E4
142><4>E4A6A>F=F8C7ADB74B0=320CC08;B
&=2062@!F0A60<?.E;F0A60<?.E
2;4A5%.;42
0:6;
*2645A4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@<9<;6.9
?2216;4#<=B9.A6<;&A./92<?6;0?2.@6;46;:<@A
.?2.@
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
''%'
6AA2?;@2?<;@.;14?2A@?1261.2
4=4A0;0CC;46A4C#438D<BC>2:H46A4CF8C7
F78C41>3H0=3?0;4>A0=641A>F=?0C274B>=7403
=42:0=3102:H4B18;;0=3;46B0A4>A0=64*78B8B
C74>=;HF78C446A4CF8C71>C70H4;;>F18;;0=3
H4;;>F;46B443B?A8<0A8;H>=8=B42CB38BCDA1431H
;8E4BC>2:8A42C5;867C>=@D82:BC403HF8=6140CB
>A068=60=34438=60CC;46A4C0CB<>BC;H
6A0BB7>??4AB2A82:4CBB?834AB5;84B5A>6B0=3
<>C7B><<>=;H0BB>280C4BF8C7;8E4BC>2:>A;0A64
F8;360<454438=6>=8=B42CB38BCDA1431H6A0I8=6
0;B>5>;;>FBCA02C>AB8=584;3B>A064B8=B<0;;
6A>D?B>AB8=6;HF0;:8=68=0BC403HBCADC30AC8=6
5>AF0A30=3BC0118=6@D82:;HF8C718;;C>20C27?A4H
A4438=60=3$4BC8=60CC;46A4C%=4C>=8=4?0;41;D4>A1;D46A44=466B0A4;0838=0=4BC<034>5BC82:B
0=3E464C0C8>==4BCB8=2>;>=84B0=3B><4C8<4BA4DB4B0=>;3=4BC>5C4=BC40;B<0C4A80;B5A><=48671>AB
66B0A48=2D10C435>A0??A>G8<0C4;H30HB1H1>C7?0A4=CB
;867C&0CC4A=8A42C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0C0CC;46A4CA443BC7A>D67>DC<D27>5C74+)
;4BB34?4=34=C>=0@D0C827018C0CBC70=>C74A46A4CB?A454AA8=66A0BBH
584;3B
&=2062@B/B90B@6/6@
2;4A5%.;420:
6;
*2645A4
<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@<9<;6.9
?2216;4#<=B9.A6<;!<?A5:2?60.;=<=B9.A6<;
6;0?2.@6;4
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
%'(%"!
6AA2?;@2?<;@.;14?2A@?1261.2
4=4A0;A40C;D44A>="0A644;460=C74A>=F8C7
1;D46A0H102:1;02:B834B0=36A0H0=3F78C4
BCA8?4314;;H">=6=42:8B6A0HF8C71;02:1>A34A43
F78C4C7A>0CBCA8?440370BF78C4502420?0=3
1;02:2A4BC+??4A<0=381;48B30A:F78;4;>F4A
<0=381;48BH4;;>F8A42C5;867C>=BC403HF8=6
140CB
>A068=60=34438=6A40C;D44A>=84C
2>=B8BCB>558B75A>6BB0;0<0=34AB;8I0A3BB=0:4B
B7A8<?B2A01B2A0H58B73A06>=5;84B6A0BB7>??4AB
0=30@D0C828=B42CB5>A064BF78;4F038=6>5C4=
14;;H344?8<?0;8=6?A4HF8C78CBB70A?B?40A;8:4
18;;02C8E4=867C0=330H
A4438=60=3$4BC8=6A40C;D44A>=*F>C>B4E4=?0;41;D4>A1;D46A44=466B0A4;083>=0B70;;>F
?;0C5>A<>5BC82:B;8=43F8C758=4A<0C4A80;DBD0;;H1D8;C8=0CA441DCB><4C8<4B>=C746A>D=3>A2>=240;43
8=0A443143>5C4==4BCB8=2>;>=84B=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1H1>C703D;CB
;867C&0CC4A=8A42C5;867CF8C7B;>FBC403HF8=6140CB
(0=640=3018C0CA40C;D44A>=A443B;>20;;H5A><2>0BC0;
;0B:0B>DC724=CA0;0=0300=3$>E0)2>C80B>DC7C>#4G82>0=3-4BC
=384B)?4=3BF8=C4AB0B50A=>AC70BB>DC74A=;0B:024=CA0;+)0=3
B>DC74A=$4F=6;0=3&A454AA437018C0CB8=2;D34;0:4B?>=3BA8E4AB
0=3<0AB74B
&=2062@?12.52?<16.@
2;4A5%.;42
0:6;
*2645A4
<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@<9<;6.9
?2216;4#<=B9.A6<;*612@=?2.1&A./92.;1
0<::<;
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
%'%'
6AA2?;@2?<;@.;14?2A@?1261.2
4=4A0;A40C6A4C"0A64F78C474A>=F8C7H4;;>F
4H4B8;;8BH4;;>F<0H0??40A>A0=64F74=
1A4438=6;02:;46B0=3544C">=6540C74A?;D<4B
4GC4=35A><C74102:C>14H>=3C74C08;3DA8=6
1A4438=6B40B>=443B>=58B75A>6B8=B42CBB=0:4B
0=32A0H58B7>DH0=C38A42C5;867C>=BC403HF8=6
140CB
>A068=60=34438=6A40C6A4C443B<08=;H>=
2A0H58B7B7A8<?0@D0C828=B42CB5A>6B58B72A01B
0=3B=08;B%220B8>=0;;H40CB;8I0A3BB=0:4B
B0;0<0=34AB<8240=3<>;4B5>A064BF78;4F038=6
A4438=60=3$4BC8=6A40C6A4C%=4C>B8G?0;41;D4>A1;D46A44=466B0A4;0838=0=4BC2>=BCAD2C43>5
BC82:BCF86B0=3BC4<B>5<0AB7?;0=CBF8C7;8CC;4>A=>;8=8=60=31D8;C8=0<438D<B8I43CA44C>
544C01>E4C746A>D=3>5C4==4BCB8=2>;>=84B=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1H
1>C7?0A4=CB
;867C&0CC4A=D>H0=C38A42C5;867CF8C7344?BC403HF8=6140CB
(0=640=3018C0CA40C6A4CA443B;>20;;H5A><%A46>=B>DC7C>
F4BC4A=#4G82>0=35A><#8==4B>C0C>C74#8BB8BB8??8,0;;4H0=3
B>DC740BC+)0;B>>22DAB0;>=6C74C;0=C822>0BC=>AC7C>B>DC74A=
$4F=6;0=3)?4=3BF8=C4ABA46D;0A;H5A><%A46>=B>DC7C7A>D67C74
B>DC7F4BC*4G0B0=3D;52>0BCBC0C4BC>#4G82>0=3>=C74C;0=C82
2>0BC=>AC7C>$4F 4AB4H&A454AA437018C0CB8=2;D345A4B70=3B0;C
<0AB74B<0AB7H?>=3B0=3C830;5;0CB
&=2062@?12..9/.
2;4A5%.;42
0:
6;
*2645A4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@<9<;6.9
?2216;4#<=B9.A6<;E=.;16;4;<?A5D.?1
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
%!%"!
6AA2?;@2?<;@.;14?2A@?1261.2
4=4A0;A44=4A>=)<0;;74A>=F8C76A0H6A44=
D??4A?0ACB403=42:D??4A1A40BC0A4
274BC=DC1A>F=14;;H8B?0;4A1A>F=40370B
6A44=1;02:20?F8C7B<0;;2A4BC*7A>0C8BF78C40=3
=42:70BF78C424=CA0;BCA8?48;;8BCF>C>=43F8C7
30A:D??4A<0=381;40=3H4;;>F;>F4A<0=381;4
8A42C5;867C
>A068=60=34438=6A44=4A>=84C2>=B8BCB>5
5A>6B58B7B=08;BC03?>;4B2A0H58B72A01B2A82:4CB
3A06>=5;84BF0C4A1D6BB<0;;B=0:4B0=3<824
)C0=3B<>C8>=;4BBF8C774032>2:430=3=42:
4GC4=343F08C8=65>A?A4HB><4C8<4B38E4B8=C>C74
F0C4AC>20C2758B7
A4438=60=3$4BC8=6A44=4A>=*F>C>B4E4=?0;46A44=>A1;D46A44=466B0A4;0838=05;0C=4BC<034
>5BC82:B0=3;40E4BDBD0;;H1D8;C8=0CA44=40AF0C4AC>544C01>E4C746A>D=3=2D10C8>=A0=64B5A><
C>30HB0=38B20AA843>DC1H1>C7?0A4=CB
;867C&0CC4A=8A42C5;867CF8C7B;>FBC403H0A2743F8=6140CB
(0=640=3018C0CA44=4A>=A443B02A>BB<>BC>5C74+)B?4=3B
F8=C4AB8=C74B>DC74A=+)B>DC7C>,4=4ID4;0&0=0<00=3C74-4BC
=384B&A454AA437018C0CB8=2;D34B7>A4;8=47018C0CB0;>=6A8E4AB>240=B
;0:4B0=3?>=3B
&=2062@BA<?612@)6?2@02;@
2;4A5%.;420:
6;
*2645A
4<G
*6;4@=.;%.;420:6;
?2216;4'F=2 <;<4.:<B@
?2216;4#<=B9.A6<;&A./92.;10<::<;
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
&'''%!
6AA2?;@2?<;@.;14?2A@?1261.2
4=4A0;"40BC8CC4A=,4AHB<0;;B42A4C8E474A>=
F8C71;02:20?0=3102:0=3F78C4C7A>0C0=314;;H
-8=6B70E42>=B?82D>DB?0;41A>F=?0C274BE8B81;4
8=5;867C*7418;;;46B0=3544C0A4H4;;>F443B>=
58B78=B42CBB<0;;0<?78180=B2ADBC0240=B0=3
8=E4AC41A0C4B
>A068=60=34438=6"40BC8CC4A=84C2>=B8BCB>5
B<0;;58B75A>6BC03?>;4BB0;0<0=34AB;44274B
B;D6B2A0H58B73A06>=5;84B0@D0C821D6B0=3
>220B8>=0;;HB7A4FB0=3<824
A4438=60=3$4BC8=6"40BC8CC4A=*F>C>B4E4=?0;41;D4C>6A44=466B0A4;0838=0?;0C5>A<=4BC<034
>534030=3;8E8=6?;0=CBC4<B0=31D8;C01>DC05>>C01>E4C74F0C4ADBD0;;H0CC7410B4>53A8434<4A64=C
E464C0C8>==2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1H1>C7?0A4=CB
;867C&0CC4A=-40:38A42C5;867CF8C7B;>F;01>A43F8=6140CB
(0=640=3018C0C"40BC8CC4A=A443B8=F4C;0=30A40BC7A>D67>DCC74
40BC4A=+)0=30;>=6C74&0285822>0BC)?4=3BF8=C4AB5A><C74
B>DC74A=BC0C4BB>DC7C>>;><180>D=38=34=B4<0AB7;0=3BBD??>AC8=6
20CC08;B0=3A443B
&=2062@E</?F05B@2E696@
2;4A5%.;420:
6;
*2645A4<G
*6;4@=.;%.;42
0:
6;
?2216;4'F=2 <;<4.:<B@
?2216;4#<=B9.A6<;2096;6;4
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&A?6=21<?@A?2.821
''(%"!
6AA2?;@2?<;@.;14?2A@?1261.2
4=4A0;"8CC;4;D44A>=#438D<74A>=F8C7
B;0C46A0H1>3H0=3?DA?;41;D474030=3=42:H4B
0A4H4;;>F0=318;;8B30A:6A0HF8C71;02:C8?"46B
0=3544C0A430A:*74>=;H30A:74A>=B?4284B8=
$>AC7<4A8208=F7827C749DE4=8;48BF78C4443B
>=B<0;;2ADBC0240=BE4AC41A0C4B0=3;0A648=B42CB
>A068=60=34438=6"8CC;4;D44A>=84C
2>=B8BCB>558B75A>6B;8I0A3BB=0:4BCDAC;4B0=3
2ADBC0240=BBD270B5833;4A2A01B2A0H58B70=3
B7A8<?0@D0C828=B42CB0=3B?834AB-74=BF0<?B
0=3<0AB74B142><43AH8C40CB6A0BB7>??4AB
2A82:4CB144C;4B0=3>C74A6A0BB;0=38=B42CB5>A064B
1HF038=68=B70;;>FF0C4A
A4438=60=3$4BC8=6"8CC;4;D44A>=%=4C>B8G?0;41;D46A44=466B0A4;0838=05;8<BHBC82:=4BC
DBD0;;H1D8;CC>544C01>E4C746A>D=3>AF0C4A66B0A48=2D10C435>AC>30HB1H1>C7?0A4=CB
;867C&0CC4A=8A42C5;867CF8C7BC403H@D82:F8=6140CB
(0=640=3018C0C"8CC;4;D44A>=>D=30;>=6C74C;0=C822>0BC
5A><#0BB027DB4CCBC>;>A8301DC8B<>BC01D=30=C0;>=6C74D;5>5
#4G82>0;B>5>D=38=C74-4BC=384B0=30;>=61>C7#4G820=2>0BCB
B>DC7C>)>DC7<4A820&A454AB5A4B7F0C4A7018C0CBBD270B?>=3B;0:4B
<0AB74BBF0<?B0=3;06>>=BB><4C8<4B5>D=3>=<0A8=42>0BC;8=4B
&=2062@4?2AA.0.2?B92.
2;4A5%.;42
0:6;
*2645A4
<G
*6;4@=.;%.;42
0:
6;
?2216;4'F=2 <;<4.:<B@<9<;6.9
?2216;4#<=B9.A6<;;0?2.@6;4E=.;16;4
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
%&%'
6AA2?;@2?<;@.;14?2A@?1261.2
4=4A0;(4338B76A4C#438D<46A4CF8C7
1;D46A0H1>3H0=3B7066H?0;4AD5>DB74030=3
=42:8;;8B?8=:F8C730A:C8?"46B0A41;D46A0H
-78C4<>A?770B0;;F78C4?;D<0641;02:C8??43
?8=:18;;0=31;D46A0H;46B443B>=58B75A>6B0=3
2ADBC0240=B8A42C5;867CF8C71>DH0=CBC403HF8=6
140CB
>A068=60=34438=6(4338B76A4C0CB58B7
5A>6B0=32ADBC0240=B>A064B1HF038=6A0?83;H8=
B70;;>FF0C4AF8C7F8=6BA08B4320BC8=60B703>FC>
2DC3>F=>=6;0A4
A4438=60=3$4BC8=6(4338B76A4C*F>C>B4E4=?0;41;D46A44=466B0A4;0838=0BC82:=4BC1D8;C8=0
<0=6A>E4;>F1DB7>A>=C746A>D=3=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1H1>C7
?0A4=CB
;867C&0CC4A=8A42C5;867CF8C71D>H0=CBC403HF8=6140CB
(0=640=3018C0C(4338B76A4C">20;;HA4B834=C8=4GCA4<4B>DC74A=
;>A8300=30;>=6C74D;5>0BC>5*4G0B0=3">D8B80=00;B>>22DAB8=
#4G82>0=3C74-4BC=384B&A454AA437018C0CB8=2;D34<0AB74BB70;;>F
10HB0=3;06>>=B
&=2062@4?2AA.?B32@02;@
2;4A5%.;42
0:6;
*2645A
4
<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@<9<;6.9
?2216;4#<=B9.A6<;%.?2A<B;0<::<;
;0?2.@6;44?.1B.99F
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
&!"*,%'
6AA2?;@2?<;@.;14?2A@?1261.2
4=4A0;)=>FH6A4C#438D<B8I43C>C0;;HF78C4
46A4CF8C70;>=6B;4=34A1;02:18;;F8C7H4;;>F;>A4B
*744H4B0A4H4;;>F0=3;46B0A41;02:F78;4544C0A4
1A867CH4;;>F*747403=42:0=3102:70E4;>=6
;02H?;D<4B3DA8=61A4438=6B40B>=4=4A0;;HB8;4=C
0=35443B>=2ADBC0240=B8=B42CB0=358B7
>A068=60=34438=6)=>FH6A4C0CBB<0;;58B7
2ADBC0240=B0=38=B42CB1DC0;B>C0:4BB<0;;A4?C8;4B
0=30<?78180=B5>A064B1HF0;:8=6B;>F;H>A
BC0=38=6<>C8>=;4BB8=F0C4A0=3BCA8:8=60C?A4H
A4438=60=3$4BC8=6)=>FH6A4C"0HBCF>C>B8G?0;41;D46A44=466B8=0?;0C5>A<=4BC1D8;C?A8<0A8;H
>5CF86B0=31D8;C8=0CA44DBD0;;H01>DC544C01>E4C746A>D=3>220B8>=0;;H=4BCB8=<0AB76A0BB0=3
A0A4;H>=C746A>D=3>C7?0A4=CB8=2D10C4466B5>A30HB
;867C&0CC4A=D>H0=C5;867CF8C7BC403H50BCF8=6140CB
(0=640=3018C0C)=>FH6A4CA443B;>20;;H5A><%A46>=0=3
0;85>A=8040BCC>$4F=6;0=3<08=;H0;>=62>0BCB)?4=3BF8=C4AB
A46D;0A;H5A><0;85>A=80A8I>=00=3,8A68=80B>DC7C>C74-4BC=384B
0=3)>DC7<4A820&A454AA437018C0CB8=2;D34<0AB74B?>=3BBF0<?B
0=3<D35;0CB
&=2062@4?2AA.A5B9.
2;4A5%.;420:6;
*2645A
4
<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@<9<;6.9
?2216;4#<=B9.A6<;E=.;16;4;<?A5D.?1
;0?2.@6;4
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
'%""%%"!
6AA2?;@2?<;@.;14?2A@?1261.2
4=4A0;*A82>;>A434A>=#438D<74A>=1;D46A0H
D??4A?0ACB7403=42:F8=6B?0;4AAD<?F78C4
BCA8?4>=5>A4=42:F78C414;;H;B>70BF78C4
?;D<4B>=102:>574030=3ADBC1A>F=?;D<4B>=
;>F4A=42:102:3DA8=6C741A4438=6B40B>=8;;0=3
;46B0A4>;8E41A>F=8A42C5;867C>=BC403HF8=6
140CB
>A068=60=34438=6*A82>;>A434A>=&A4H
2>=B8BCB?A8<0A8;H>5B<0;;58B71DC8=2;D34B
2ADBC0240=BA4?C8;4B0<?78180=B8=B42CBB=08;B0=3
>C74A8=E4AC41A0C4B%5C4=BC0=3B>AF034B14;;H344?
8=F0C4A2A>D274BF8C7;46B14=CF74=BC0;:8=68=
B70;;>FB
A4438=60=3$4BC8=6*A82>;>A434A>=*7A44>A5>DA;867C1;D46A44=466B0A4;083>=0?;0C5>A<=4BC
<034>5BC4<B0=3CF86B>220B8>=0;;H;8=43F8C76A0BB=4BCB8=<8G43B?4284BA>>:4A84B>=2>0BC0;8B;0=3B
0;C7>D67B><4<0H=4BC8=BF0<?5>A4BCB>C7?0A4=CB8=2D10C4466B5>A01>DC30HB
;867C&0CC4A=8A42C5;867CF8C7BC403H@D82:F8=6140CB
(0=640=3018C0C*A82>;>A434A>=A443B8=B>DC740BC4A=$4F
#4G82>0=3*4G0B>=C74D;5>0BC0=30;>=6C74C;0=C822>0BC=>AC7
C>B>DC74A=#08=4A0A4;H)?4=3BF8=C4AB0;>=6C742>0BC5A><*4G0B
0=3$4F 4AB4HB>DC7C>=>AC74A=)>DC7<4A8200=3-4BC=384B
&A454AA437018C0CB8=2;D34BF0<?B10H>DB2>0BC0;?>=3BB0;C<0AB74B
<0=6A>E48B;0=3B<D35;0CB0=3;06>>=B
&=2062@4?2AA.A?60<9<?
2;4A5%.;42
0:6;
*2645A
4
<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@<9<;6.9
?2216;4#<=B9.A6<;2096;6;4
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
,"*%"*!
!'%"!
6AA2?;@2?<;@.;14?2A@?1261.2
4=4A0;.4;;>F2A>F=43$867C4A>=
#438D<B8I43BC>2:H74A>=F8C76A0H1>3H0=3
1A>F=0=3F78C4<>CC;43F8=6B0248B1;02:0=3
F78C42A>F=8B?0;4H4;;>F0=3BF44?B102:0B0
?;D<4H4B0A4;0A640=3A438;;8B740EH0=31;02:
"46B0=3544C0A4H4;;>F8A42C5;867CF8C7BC403H
344?F8=6140CB
>A068=60=34438=6.4;;>F2A>F=43$867C4A>=
>>32>=B8BCB?A8<0A8;H>52ADBC0240=B1DC0;B>40CB
B<0;;58B7A4?C8;4B0<?78180=B44;B8=B42CB0=3
<>;;DB:B5>A064B8=>?4=F0C4A<D35;0CB0=38=
?0AC80;;HBD1<4A643E464C0C8>=
A4438=60=3$4BC8=6.4;;>F2A>F=43$867C4A>=*F>C>4867C?0;41;D46A44=466B0A4;0838=0=4BC
<034>5BC82:B1D8;C8=0CA44>A>220B8>=0;;H>=C746A>D=3=4BCBB8=6;H>A8=B<0;;2>;>=84BB><4C8<4BF8C7
>C74A74A>=B?4284B=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1H1>C7?0A4=CB
;867C&0CC4A=8A42C5;867CF8C7344?BC403HF8=6140CB
(0=640=3018C0C.4;;>F2A>F=43$867C4A>=A443B5A><B>DC74A=
$4F=6;0=3C>;>A8300=3F4BCC>*4G0B<08=;H=40A2>0BCB1DC8=C74
8=C4A8>A=>AC7C>#8==4B>C00=30;>=6#8BB8BB8??8(8E4A0=38CB;0A64A
CA81DC0A84B)?4=3BF8=C4AB0;>=6C74D;5>0BC0=3>=C;0=C822>0BC
=>AC7C>)>DC70A>;8=0&A454AA437018C0CB8=2;D34F>>343BF0<?B0=3
2>0BC0;C782:4CB
&=2062@!F0A.;.@@.C6<9.02.
2;4A5%.;42
0:6;
*2645A4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;&A./92
.08#.AA2?;&A?6=21<?@A?2.821
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
"&&,&
/6@2@'5?2@86<?;6A561.2
4=4A0;;>BBH18B#438D<F038=618A38A834B24=C
1A>=I40=3A431A>F=>E4A0;;F8C7C78=10=3>5F78C4
540C74AB0A>D=310A430A:1;D450240=3;>=63>F=
2DAE436A0H18;;H4B0A430A:;46B0A4H4;;>F6A0H
;C4A=0C4BB4E4A0;B70;;>FA0?83F8=6140CB0=3B7>AC
6;834B;84B8=BCA0867C;8=45>A<0C8>=
>A068=60=34438=6;>BBH18B84C2>=B8BCB>5
2A0H58B70=3>C74A8=E4AC41A0C4B0BF4;;0B5A>6B58B7
0=3?;0=CB40CB2A01B>=C742>0BC>A064B1H
?A>18=6<D3F8C78CB;>=618;;>5C4=5>A064B8=5;>2:B
>53>I4=BC>7D=3A43B>518A3B
A4438=60=3$4BC8=6;>BBH18B%=4C>58E4?0;41;D4>A6A44=466B0A4;0838=0B70;;>F2D?>5A443B
;8=43F8C76A0BB0=31D8;C8=0;>F1DB7DBD0;;H8=0<0AB7$4BCB8=;0A642>;>=84B>5C4=F8C7>C74AF038=6
18A3B66B0A48=2D10C435>A30HB1H1>C7?0A4=CB DE4=8;4B;40E4C74=4BC8=0BB>>=0B30HB1DC3>=>C
5;HD=C8;30HB>;3
;867C&0CC4A=8A42C5;867CF8C7?DA?>B45D;F8=6140CB0=3B7>AC6;834B270A02C4A8BC82?A>58;43D4C>
>DCBCA4C27433A>>?8=6=42:0=3B;867C;H3A>>?H;46B
(0=640=3018C0C;>BBH18B#>BC2><<>=8=<0AB74B0=3F4C;0=3B
0;>=6C74C;0=C820=3D;52>0BCB>220B8>=0;;HF0=34AB8=;0=3
)20CC4A43?>?D;0C8>=B>22DA8=0=30A>D=3C740A81140=0B8=>=C74
.D20C0=&4=8=BD;00=3=>AC74A=,4=4ID4;00;B>F834B?A4038=DA0B80
B>DC740BCB80&028582B;0=3B5A8200=3DBCA0;80
&=2062@#924.16@3.906;299B@
2;4A5%.;420:6;
*2645A4
<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@<9<;6.9
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
%"&'&#""!
/6@2@'5?2@86<?;6A561.2
4=4A0;(>B40C4)?>>=18;;"0A64818B?8=:1>3H
F78C4D??4A102:=42:">=618;;6A0H0=3B?0CD;0C4
4038B10A40=3>;8E46A44=443BF78;4F038=68=
B70;;>FF0C4ABF44?8=68CB18;;102:0=35>AC7
)4=B8C8E4=4AE44=38=6BB=0?18;;B7DCF74=?A4H8B
5>D=3;C4A=0C4BBC403HF8=6140CBB7>AC6;834B
>A068=60=34438=6(>B40C4)?>>=18;;0CB
<8==>FBB<0;;2ADBC0240=B18CB>5?;0=CB0=3
8=B42CB5>A064B1HBF8B78=68CBB?>>=;8:418;;5A><
B834C>B8348=B70;;>F<D33HF0C4A
A4438=60=3$4BC8=6(>B40C4)?>>=18;;%=4C>58E41A>F=B?>CC43F78C4466B0A4;0838=01D;:H=4BC<034
>5BC82:B0=31D8;C8=0;>F1DB7>ACA44=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1H1>C7
?0A4=CB
;867C&0CC4A=)C403H5;0??8=6F8=6140CB0;C4A=0C8=6F8C7B7>AC6;834B
(0=640=3018C0C(>B40C4)?>>=18;;>D=3>=C742>0BCB>5*4G0B
">D8B80=00=3B>DC74A=;>A8300;B>8=C74<4A820=CA>?82B&A454AA43
7018C0CB8=2;D34<0=6A>E4BB0;CF0C4A;06>>=B0=3;0A64B70;;>F;0:4B
&=2062@#9.A.92..7.7.
2;4A5%.;42
0:6;
*2645A
4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@<9<;6.9
?2216;4#<=B9.A6<;.6?9F0<::<;/BA9<0.9
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
*'&
/6@2@'5?2@86<?;6A561.2
4=4A0;-78C418B*78B2>0BC0;B?4284B8BF78C4
>E4A0;;F8C7?8=:50280;B:8=18;;0=3;46BC70CCDA=
B20A;4C3DA8=61A4438=6B40B>=;02:C8?B>=C74
?A8<0AH540C74AB0A4>=;HB44=8=5;867C;84B8=
BCA0867C;8=45>A<0C8>=F8C7=42:0=3;46B
>DCBCA4C2743A>>BCB78678=CA44B0=31DB74B0C=867C
>A068=60=34438=6-78C418B0CB<08=;H
0@D0C822ADBC0240=B0=38=B42CB>A064B1H?A>18=6
8=B70;;>FF0C4AF8C7C748A;>=6342DAE4318;;B
A4438=60=3$4BC8=6-78C418B*F>C>5>DA?0;41;D4C>6A44=F78C4466BF8C71A>F=1;>C274B;0838=0
=4BC<034>5BC82:B0=3A443B1HC7454<0;4F8C7<0C4A80;B60C74A431HC74<0;4+BD0;;H8=0CA44>E4A
F0C4A#>=>60<>DB0=3DBD0;;H=4BCB8=2>;>=84BF8C7>C74AF038=618A3B
;867C&0CC4A=;0?0=36;834F8C7A0?83F8=6140CB8=0BCA0867C;8=4
(0=640=3018C0C-78C418B&A454AB2>0BC0;B0;C<0AB74BBF0<?B0=3
<0=6A>E4B>D=30;>=6C74D;5>0BC<83;C0=C822>0BC0=3#4G820=
2>0BC0=370B142><42><<>=8=B><428CH?0A:BA443B0B50A=>AC70B
,8A68=800=320BD0;0B50A=>AC70B$4F 4AB4H<83F4BC0=3)>DC7F4BC
&=2062@B1<06:B@.9/B@
2;4A5%.;420:
6;
*2645A
4<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@<9<;6.9
?2216;4#<=B9.A6<;<::<;A<./B;1.;A
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
*'&
/6@2@'5?2@86<?;6A561.2
4=4A0;-78C45024318B#438D<F038=618A3
8A834B24=C1A>=I41A>F=>E4A0;;C78=10=3>5F78C4
540C74AB0A>D=310A4A435024;>=63>F=2DAE4318;;
(434H4B;46B544C443B>=8=E4AC41A0C4B5A>6B
58B7;C4A=0C4BB4E4A0;B70;;>FA0?83F8=6140CB0=3
B7>AC6;834B;84B8=BCA0867C;8=45>A<0C8>=
>A068=60=34438=6-78C45024318B84C2>=B8BCB
>52A0H58B70=3>C74A8=E4AC41A0C4B0BF4;;0B5A>6B
0=358B7>0BC0;18A3B5>A0648=B0;C<0AB74B0=3
8=2;D342A01B8=384C5443B1H?A>18=6<D3F8C78CB
;>=618;;
A4438=60=3$4BC8=6-78C45024318B*F>C>58E4?0;41;D46A44=C>30A:CDA@D>8B4466B0A4;0838=0
B70;;>F2D?>5A443B;8=43F8C76A0BB0=31D8;C8=0;>F<0AB71DB7=2D10C8>=A0=64B5A><C>30HB
0=38B20AA843>DC1H1>C7?0A4=CB
;867C&0CC4A=)4E4A0;A0?83B70;;>FF8=6140CB5>;;>F431H6;834
(0=640=3018C0C-78C45024318BA443B5A><%A46>=B?>A03820;;H
40BCC>#8==4B>C00=3B>DC7C>B>DC740BC4A=$4F#4G82>0=3*4G0B0=3
40BCC>2>0BC0;">D8B80=0)?4=3BF8=C4AB5A><B>DC74A=0;85>A=800=3C74
D;5>0BC>5*4G0B0=3">D8B80=0C>;)0;E03>A&A454AA437018C0CB
8=2;D34B0;C0=35A4B7<0AB74B8=C74F4BC0=32>0BC0;<0AB74B0=3
1ADB7H8B;0=3B8=">D8B80=00=3*4G0B
&=2062@#924.16@05656
2;4A5%.;42
0:6;
*2645A4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@<9<;6.9
?2216;4#<=B9.A6<;(;0<::<;A<3.6?9F0<::<;
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
*""&'"%
&A<?8@60<;661.2
4=4A0;->>3)C>A:"0A64>33F038=618A3
<>BC;HF78C44G24?C5>A1;02:5;867C540C74AB0=3C08;
+??4A=42:0=374030A4540C74A;4BB0=330A:6A0H
*7418;;8BC782:;>=60=32DAE433>F=F0A3"46B
0=3544C0A46A0H1;02:;C4A=0C4B14CF44=BCA>=6
F8=6140CB0=36;838=6)>0AB>=C74A<0;B0=3
D?3A05CB
>A068=60=34438=6->>3)C>A:0CBB<0;;58B7
C03?>;4B5A>6B0=32A0H58B7D=CB1HF038=6F8C7
8CB18;;>?4=9DBCD=34AC74F0C4ABDA5024B=0??8=68C
B7DCF74=4=2>D=C4A8=6?A4H
A4438=60=3$4BC8=6->>3)C>A:"0HBCF>C>58E4F78C4466B8==4BC<034>5CF86BE8=4B0=3<>BB
1D8;C0CC74C>?>5C0;;CA44=4BCB8=2>;>=84B=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1H1>C7
?0A4=CB
;867C&0CC4A=;C4A=0C4B14CF44=BCA>=65;0??8=65;867C0=36;838=6(834B7867>=C74A<0;B
(0=640=3018C0C->>3)C>A:A443B8=;>A8300=34>A680E4AH
A0A4;H4;B4F74A40;>=6C742>0BC5A><)>DC70A>;8=0C>*4G0B-0=34AB
0B50A0B0;85>A=800=3#0BB027DB4CCBC7>D67E4AHA0A4;HA4438=6
7018C0C8B27845;H8=2H?A4BBBF0<?B0;B>8=<0=6A>E4B
&=2062@ F0A2?6..:2?60.;.
2;4A5%.;42
0:6;
*2645A4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@
?2216;4#<=B9.A6<;.6?9F0<::<;
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
)('(%
)B9AB?2@.A5.?A61.2
4=4A0;;02:,D;CDA4"0A64A0?C>A1;02:>E4A0;;
B7>AC540C74A;4BB=42:?0;418;;B7>AC0=3B@D0A43
C08;;>=6?0;46A0H;46B0=3544CA0H1;02:B:8=>=
74030=3=42:8BFA8=:;43-78C4C8??43F8=6B74;3
7>A8I>=C0;8=5;867C)>0AB>=C74A<0;B<DBC5;0?8CB
F8=6B<>A4>5C4=C70=0*DA:4H,D;CDA4
>A068=60=34438=6;02:,D;CDA484C2>=B8BCB
?A8<0A8;H>520AA8>=)><4C8<4B0CC02:B0=3:8;;B?A4H
A4438=60=3$4BC8=6;02:,D;CDA4*F>1;D4C>6A0H6A44=466B<0A:43F8C71A>F=0=3;0E4=34A0A4;083
8=020E47>;;>F;>6BCD<?CA44CAD=:>A010=3>=431D8;38=6F8C7=>=4BC<0C4A80;B03343=2D10C8>=
A0=64B5A><C>30HB0=38B20AA843>DC1H1>C7?0A4=CB
;867C&0CC4A=)>0AB>=C74A<0;B)4E4A0;@D82:344?F8=6140CB5>;;>F431H06;834
(0=640=3018C0C;02:,D;CDA4(4B834=C8=B>DC740BC4A=+)0=3
*4G0BB>DC7C>C74CA>?82B?A454AA437018C0CB8=2;D34>?4=2>D=CAH1DC
1A443B8=F>>3;0=3B0=3C782:4CB
&=2062@<?.4F=@.A?.AB@
2;4A5%.;420:6;
*2645A
4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@<9<;6.9
?2216;4#<=B9.A6<;.6?9F0<::<;A<0<::<;
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
'(%,)('(%
)B9AB?2@.A5.?A61.2
4=4A0;*DA:4H,D;CDA4#438D<ED;CDA4<>BC;H
1;02:F8C7A43540C74A;4BB74030=3D??4A=42:
-8=6B0A474;38=0B70;;>F,8=5;867C%=4>5C74
54F18A3B>5?A4HC70C8B01;4C>DB48CBB4=B4>5B<4;;
C>58=35>>3*74H0A40CCA02C43C>C74B<4;;>5
<4A20?C0=060B?A>3D2431HC741468==8=6B>5
3420H
>A068=60=34438=6*DA:4H,D;CDA4443B>=
20AA8>=5>A064B1HB>0A8=658=38=60=8<0;20A20BB4B
1HB867C>AB<4;;
A4438=60=3$4BC8=6*DA:4H,D;CDA4%=4C>C7A442A40<HF78C4466B>5C4=<0A:43F8C71A>F=0A4;083
8=0A>2:2A4E8247>;;>FCA44>A50;;4=7>;;>F;>6F8C7=>=4BC<0C4A80;B03343=2D10C8>=A0=64B5A><
C>30HB0=38B20AA843>DC1H1>C7?0A4=CB
;867C&0CC4A=8A2;4BF8C7F8=6B8=B70;;>F,
(0=640=3018C0C*DA:4H,D;CDA4A443B5A><B>DC74A=A8C8B7
>;D<18024=CA0;)0B:0C274F0=C74A40C"0:4B0=3$4F0<?B78A4
B>DC7F0A3)?4=3BF8=C4AB8=C74)>DC7F4BC0=340BC4A=+)=>AC7F0A3
C>B>DC74A=$4F=6;0=3&A454AA437018C0CB8=2;D3434283D>DB5>A4BCB
F>>3;0=3B0=3B2AD1;0=3B>5C4=B44=>E4A039024=C50A<;0=3B
&=2062@.A5.?A2@.B?.
2;4A5%.;42
0:6;
*2645A
4
<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
"&#%,
"@=?2F#.;16<;61.2
4=4A0;%B?A4H"0A64A0?C>A30A:1A>F=D??4A?0ACB
2>=CA0BCF8C7F78C4D=34A?0ACB508=C1A40BC10=3
)<0;;F78C4740370B30A:2A>F=4H4BCA8?40A:
18;;-8=6B74;30C038BC8=2C0=6;48=5;867CF8C7
D=34AF8=6B7>F8=610AA435;867C540C74AB0=3
3806=>BC8230A:?0C274B>=5>A4F8=6A0H;46B0=3
544C
>A068=60=34438=6%B?A4H443B4G2;DB8E4;H>=
58B7DBD0;;HCF824308;H8=<83<>A=8=60=3;0C4
05C4A=>>=>A064B1H5;H8=6>E4AF0C4A7>E4A8=6
>=24?A4H8BB?>CC43C74=38E8=68=C>C74F0C4A
544C58ABCC>6A0B??A4HB><4C8<4B;0HB>=C74F0C4A
0=3A4BCB1DC4E4=CD0;;HC0:4B>55C>58=30?4A27C>
40C8CB<40;
A4438=60=3$4BC8=6%B?A4H*7A44?8=:>AF78C4466B<0A:43F8C7>;8E40=31A>F=0A4;0838=01D;:H
=4BC<034>5BC82:B1D8;C8=0;0A64CA44B><4C8<4B=4BCB8=;>>B42>;>=84B=2D10C8>=A0=64B5A><C>
30HB0=38B20AA843>DC1H1>C7?0A4=CB
;867C&0CC4A=)><4C8<4BB>0AB>=C74A<0;B44?B;>FF8=6140CB0;C4A=0C4F8C76;834B
(0=640=3018C0C%B?A4H->A;3F83438BCA81DC8>=4G24?C=C0A2C820
5>D=3=40A;0A641>384B>5F0C4A
&=2062@#.;16<;5.96.2AB@
2;4A5%.;42
0:
6;
*2645A
4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@
?2216;4#<=B9.A6<;<::<;6;0<.@A.9?.;42
B;0<::<;6;9.;1
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&A?6=21<?@A?2.821
<=F?645A 6A05*.6A2?<B=
%"*!*
6A2@.492@.;1.D8@006=6A?61.2
4=4A0;A>03F8=6430F:#438D<70F:30A:
1A>F=<>CC;43D??4A?0ACB0=31A>F=10AA43F78C4
D=34A?0ACB&0;4D=34AF8=6BF8C71;02:<0A68=B
E8B81;48=5;867C*08;8B30A:10=343443B>=
0<?78180=BA4?C8;4BB<0;;<0<<0;B0=318A3B;0A64
8=B42CB;0?0=36;8345;867CB>0AB>=C74A<0;B0=3
D?3A05CB
>A068=60=34438=6A>03F8=6430F:84C
2>=B8BCB>58=B42CB0<?78180=BA4?C8;4B<0<<0;B
0=318A3B#0<<0;B0A440C4=4=C8A4;HF78;45A>6B
0=3B=0:4B0A4B:8==430=318A3B0A4?;D2:43D=CB
5A><0?4A27BF>>?8=63>F=C>20?CDA4?A4H>=C74
6A>D=3
A4438=60=3$4BC8=6A>03F8=6430F:*F>C>5>DAF78C4C>?0;41;D4466BB><4C8<4B<0A:43F8C7
1A>F=0A4;0838=0=4BC<034>53403BC82:B0=35A4B7B?A86B;8=43F8C710A:278?B0=31D8;C8=C742A>C27>5
034283D>DBCA44)><4C8<4BA4=>E0C4B=4BCB>5>C74AB?4284B=2D10C8>=A0=64B5A><C>30HB0=38B
20AA843>DC1HC7454<0;4<0;41A8=6B5>>3C>74A3DA8=68=2D10C8>=
;867C&0CC4A=)>0AB>=C74A<0;B)4E4A0;A0?83B70;;>FF8=6140CB5>;;>F431H6;834
(0=640=3018C0CA>03F8=6430F:%22DAB=>AC75A><;14AC040BC
C>$>E0)2>C80B>DC7C7A>D67$>AC70:>C0#8==4B>C00=3>F0C>
40BC4A=*4G0BC7A>D67C74D;52>0BCC>=>AC74A=;>A830=>C5>D=3F4BC
>5C74(>2:84B&A454AA437018C0CB8=2;D3434=B434283D>DB0=3<8G43
F>>3;0=3B>5C4==40A>?4=8=6B2A40C431HA>03BCA08;B>AF4C;0=3B
&=2062@BA2<=9.AF=A2?B@
2;4A5%.;420:
6;
*2645A4
<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;<::<;6;(&&
.;.1.
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;.??21<?/.;121
?2.@A#.AA2?;.??21<?/.;121
""#%&*
6A2@.492@.;1.D8@006=6A?61.2
4=4A0;>>?4AB0F:#438D<068;470F:F8C7
30A:1;D46A0H102:0=3F78C4D=34A?0ACBF8C7<0=H
58=4AD5>DB10AB0?8B30A:4AC70=D??4A?0ACBH4B
0A4A43*74C08;8B;>=6F8C7C782:1;02:0=3F78C4
10=3B"46B0=3544C0A4H4;;>F;C4A=0C4BA0?83
F8=6140CB0=3B7>AC6;834B>5C4=B>0AB>=C74A<0;B
>A068=60=34438=6>>?4AB0F:443B<>BC;H
>=18A3B1DC0;B>C0:4BB<0;;<0<<0;B&4A274B
F08CB0=3@D82:;HBF>>?B3>F=C>B48I4?A4H0;B>
?DABD4B?A4H>=C746A>D=370;5AD==8=60=370;5
5;H8=6:=>F=5>AA0838=6?>D;CAHH0A3B
A4438=60=3$4BC8=6>>?4AB0F:"0HB5>DAC>58E41A>F=B?>CC43?0;41;D4>A6A44=466B8=0BC82:
=4BC78678=034283D>DBCA44DBD0;;HC>544C01>E4C746A>D=3A4CDA=BC>C74B0<40A40C>=4BCH40A
05C4AH40A4<0;48=2D10C4B466B5>A0??A>G8<0C4;H30HB7>F4E4A<0;470B144=:=>F=C>0BB8BC
;867C&0CC4A=)>0AB>=C74A<0;B(0?83F8=6140CB5>;;>F431HB7>AC6;834
(0=640=3018C0C>>?4AB0F:A443B5A><B>DC74A=0=030C>
B>DC74A=+)&A454AB?0C27H34283D>DB0=3<8G435>A4BCB
&=2062@006=6A2?0<<=2?66
.08#.AA2?;&<961
2;4A5%.;420:
6;
299F#.AA2?;.??21<?/.;121
*2645A4
<G
?2.@A#.AA2?;.??21<?/.;121
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;(;0<::<;A<?.?2&A./92<?
6;0?2.@6;46;:<@A.?2.@
<=F?645A 6A05*.6A2?<B=
&&&&##'
6A2@.492@.;1.D8@006=6A?61.2
4=4A0;#8BB8BB8??8!8C4)<0;;:8C430A:6A0H
D??4A?0ACB?0;46A0HD=34A?0ACB0=37403H4B0A4
A43+??4AF8=6B0A430A:6A0HF8C7?0;46A0H
?0C274B*08;8B;>=60=31;02:443B>=;0A645;H8=6
8=B42CB>DH0=C5;867CF8C7BC403HF8=6140CB
0;C4A=0C4BB4E4A0;F8=6BCA>:4BF8C7B7>ACC>;>=6
6;834B
>A068=60=34438=6#8BB8BB8??8!8C4443B
4GC4=B8E4;H>=;0A648=B42CB8=2;D38=66A0BB7>??4AB
282030B144C;4B0=33A06>=5;84B0;B>C0:4B;8I0A3B
5A>6B0=358B720C274B8=B42CB>=C74F8=6
A4438=60=3$4BC8=6#8BB8BB8??8!8C4%=4C>C7A44;867C;HB?>CC43F78C4C>?0;41;D4466B0A4;0838=0
<8=8<0;;HA45DA18B743010=3>=432A>FB>A>C74A=4BC66B0A48=2D10C431H1>C7?0A4=CB5>A01>DC30HB
;867C&0CC4A=D>H0=C5;867CF8C7BC403HF8=6140CB)><4C8<4B0;C4A=0C4BB4E4A0;F8=6BCA>:4BF8C7B7>AC
C>;>=66;834B
(0=640=3018C0C#8BB8BB8??8!8C4$4BCB;>20;;H8=C74+)5A><
!0=B0B>F0*4==4BB440=3)>DC70A>;8=0B>DC7C>=>AC7F4BC4A=
;>A8300=3C74D;52>0BCC>40BC4A=*4G0B)><4>220B8>=0;;HF8=C4A8=
;>A830&A454AB>?4=2>D=CAHC70CBD??>ACB5;H8=68=B42CB0;B>5>D=38=
5>A4BCB
&=2062@0A6;6.:6@@6@@6==62;@6@
2;4A5%.;420:
6;
*2645A4
<G
*6;4@=.;%.;420:6;
?2216;4'F=2 <;<4.:<B@<9<;6.9
?2216;4#<=B9.A6<;<::<;A<3.6?9F0<::<;
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
!"%'%!%%%
6A2@.492@.;1.D8@006=6A?61.2
4=4A0;$>AC74A=0AA84A"0A6470F:F8C76A0H
D??4A?0ACB38BC8=2CF78C4AD<?0=3F78C4D=34A?0ACB
F8C7B?>CC431A40BC>>:4318;;8B30A:H4;;>F0C
10B4H4B0A4H4;;>F-8=6B0A4;>=66A0H01>E4
0=3F78C414;>FF8C71;02:C8?B"46B544C0A4
H4;;>F;C4A=0C4BB4E4A0;344?F8=6140CBF8C7
6;834B
>A068=60=34438=6$>AC74A=0AA84A0CB<>BC;H
<8241DC0;B>C0:4B8=B42CB0=3B<0;;A4?C8;4B;834B
2;>B4C>6A>D=3F74=7D=C8=638E8=63>F=@D82:;HC>
20?CDA4?A4H
A4438=60=3$4BC8=6$>AC74A=0AA84A*7A44C>=8=4?0;41;D4466BB><4C8<4BB?>CC43F8C71A>F=0A4
;0838=06A>D=3=4BC<034>5BC82:B0=3;8=43F8C76A0BBDBD0;;H1D8;C>=0A08B43<>D=3>538AC>A02;D<?
>5E464C0C8>=>5C4==4BCB8=;>>B42>;>=84B>5C>?08AB=2D10C8>=A0=64B5A><C>30HB0=38B
20AA843>DC1HC7454<0;4
;867C&0CC4A=)4E4A0;344?F8=6140CB0;C4A=0C4F8C7;>=66;834B
(0=640=3018C0C$>AC74A=0AA84AA443B5A><;0B:0C>C74=>AC74A=
+))?4=3BF8=C4AB5A><C74B>DC74A=+)C>4=CA0;<4A820&A454AA43
7018C0CB8=2;D34>?4=584;3BB0E0==0B<403>FB0=3<0AB74B
&=2062@6?0B@0F.;2B@
.08#.AA2?;&<961
2;4A5%.;42
0:
6;
299F#.AA2?;&<961
*2645A4
<G
?2.@A#.AA2?;&=<AA21<?@=208921
*6;4@=.;%.;42
0:6;
?2216;4'F=2&<96A.?F;2@A2?&<:2:<;<4.:<B@
?2216;4#<=B9.A6<;2096;6;4
<=F?645A 6A05*.6A2?<B=
%&"(%*
6A2@.492@.;1.D8@006=6A?61.2
4=4A0;(43B7>D;34A430F:"0A6470F:F8C7
1A>F=D??4A?0ACB0=37403+=34A?0ACB0A4F78C4
F8C7ADBCA4310AA8=6*74F8=6B0A458=4;H10AA43
01>E4F8C7A431A>F=B7>D;34AB0=3?0;414;>FF8C7
A431A>F=F0B70=330A:C8?B*08;8B30A:F8C7C782:
F78C410=3B
>A068=60=34438=6(43B7>D;34A430F:84C>5
2>=B8BCB>5B<0;;<0<<0;B18A3BA4?C8;4B
0<?78180=B0=3;0A648=B42CBD=CBF78;4?4A2743
>AB>0A8=6
A4438=60=3$4BC8=6(43B7>D;34A430F:*F>C>B8G1A>F=<0A:43F78C4C>1;D4466B0A4;0838=0
;0A64BC82:=4BC;8=43F8C758=4A<0C4A80;B0=31D8;C8=0CA4466B0A48=2D10C435>A30HB1H1>C7B4G4B
;867C&0CC4A=)>0AB>=C74A<0;B08A;HA0?83BC855F8=6140CB)>0AB>=5;0CF8=6B0=36;834B>=B;867C;H
3A>>?43F8=6B
(0=640=3018C0C(43B7>D;34A430F:(4B834=C8=C7440BC4A=
F>>3;0=3B0=3F4BC>5C74(>2:H#>D=C08=B0;B>8=$4F=6;0=30=3
C74A40C"0:4BA468>=3DA8=6C74BD<<4A
&=2062@BA2<96;2.AB@
2;4A5%.;42
0:
6;
*2645A4
<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;.6?9F0<::<;
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&=<AA21<?@=208921
299F#.AA2?;.??21<?/.;121
?2.@A#.AA2?;.??21<?/.;121
%'*
6A2@.492@.;1.D8@006=6A?61.2
4=4A0;(43C08;430F:"0A647867;HE0A801;4
70F:F8C71A>F=D??4A?0ACB74030=3C7A>0C*74
D=34A?0ACB0A4?0;4F8C71A>F=BCA40:B-8=6B0A4
?0;414;>FF8C730A:10A0C;4038=643640=330A:
C8?B*74C08;8BA431A>F=F8C730A:C4A<8=0;10=3
"46B0=3544C0A4H4;;>F)>0AB>=C74A<0;B0=3
D?3A05CB
>A068=60=34438=6(43C08;430F:0CB<>BC;H
B<0;;<0<<0;B1DC0;B>C0:4B18A3B0=3A4?C8;4B
<0;4(43F8=643;02:18A3B0A4>5C4=40C4=1420DB4
>5C748AED;=4A018;8CHF74=6D0A38=6=4BCB
A4438=60=3$4BC8=6(43C08;430F:*F>C>C7A44F78C4C>?0;41;D4466BB><4C8<4BB?>CC43F8C7
1A>F=0A4;0838=0=4BC2>=BCAD2C435A><CF86B;8=43F8C7?8=4=443;4B0=310A:0=31D8;C8=0;0A64CA44
66B0A48=2D10C435>A01>DC30HB1H1>C7?0A4=CB<0;4<0H1A8=654<0;45>>3F78;4B748B>=C74=4BC
;867C&0CC4A=)>0AB>=C74A<0;B)4E4A0;A0?83BCA>=6F8=6140CB5>;;>F431H6;834)><4C8<4B70=6B>=
D?3A05CB
(0=640=3018C0C(43C08;430F:>D=38=;0B:00=30=030B>DC7
C>&0=0<0>D=38=>?4=2>D=CAHF>>3;0=3B?A08A846A>E4B<>D=C08=B
?;08=B50A<;0=3B0=3A>03B834B
&=2062@BA2<7.:.602;@6@
2;4A5%.;420:
6;
*2645A
4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;)2?F0<::<;
.08#.AA2?;&=<AA21<?@=208921
299F#.AA2?;&A?6=21<?@A?2.821
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
&%#&!!*
6A2@.492@.;1.D8@006=6A?61.2
4=4A0;)70A?B78==430F:)<0;;70F:F8C7
1;D46A0HD??4A?0ACB0=3AD5>DB10AB>=F78C4
D=34A?0ACBH4B0A430A:A43-8=6B0A4B7>AC0=3
A>D=343*08;8B;>=60=3B@D0A43F8C7740EH10AB
"46B0=3544C0A4H4;;>F;867C2>=B8BCB>5A0?83
F8=6140CB5>;;>F431H0B7>AC6;834%5C4=B>0AB>=
C74A<0;B
>A068=60=34438=6)70A?B78==430F:84C
2>=B8BCB>5<>BC;HB<0;;18A3B1DC8=2;D34BB<0;;
<0<<0;B;8I0A3B0=38=B42CB54<0;4C0:4B;0A64A
?A4HC70=<0;4
A4438=60=3$4BC8=6)70A?B78==430F:>DAC>58E41A>F=<0A:43F78C4C>;867C1;D4466B0A4;0838=
0;0A64=4BC1D8;C>5CF86B0=31D8;C>=0;>F1A0=278=02>=854A>A34283D>DBCA44=2D10C8>=8B20AA843>DC
1HC7454<0;40=3A0=64B5A><C>30HB
;867C&0CC4A=D>H0=C5;867CF8C7B4E4A0;A0?83F8=6140CB14CF44=6;834B
(0=640=3018C0C)70A?B78==430F:A443BC7A>D67>DCC74+)0B
50A=>AC70B0=030)?4=3BF8=C4AB5A><=>AC74A=+)C>A64=C8=0
>D=38=34283D>DB2>=854A>DB>A<8G435>A4BCB
&=2062@006=6A2?@A?6.AB@
2;4A5%.;420:
6;
*2645A
4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;<::<;A<3.6?9F0<::<;
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;.??21<?/.;121
?2.@A#.AA2?;.??21<?/.;121
&*!&"!&*
6A2@.492@.;1.D8@006=6A?61.2
4=4A0;)F08=B>=B0F:"0A6470F:30A:1A>F=
D??4A?0ACBF78C4C7A>0CAD5>DBD??4A1A40BC?0;4
1D55D=34A?0ACB*08;8B6A0HF8C7508=C10AB30A:
C4A<8=0;10=30=3F78C4CA08;8=64364.4;;>F;46B
544C;C4A=0C4BB4A84B>5?>F4A5D;344?F8=6140CB
F8C7;>=66;834B)>0AB>=C74A<0;B0=3D?3A05CB
>A068=60=34438=6)F08=B>=B0F:84C
2>=B8BCB>58=B42CBB<0;;<0<<0;B0=318A3B0=3
>220B8>=0;A4?C8;4B0=30<?78180=B
A4438=60=3$4BC8=6)F08=B>=B0F:"0HBCF>C>5>DAF78C4C>;867C1;D46A44=466B<0A:43F8C7;867C
1A>F=8=0=4BC<034>5BC82:B0=31A0=274B1D8;C8=0CA44B7AD1>=C746A>D=3>A>=C>?>50DC8;8CH?>;4
>C7?0A4=CB8=2D10C4466B5>A01>DC30HB
;867C&0CC4A=)>0AB>=C74A<0;B;C4A=0C4BB4A84B>5?>F4A5D;344?F8=6140CBF8C7;>=66;834B
(0=640=3018C0C)F08=B>=B0F:A443B>=C74F4BC4A=?;08=B>5
$>AC7<4A8200=3B>DC7F4BC0=0305A><*4G0BC>C74.D:>==C74
F8=C4A<>BC5;HB>DC7C>C74?0<?0B>5A64=C8=0038BC0=24>5<>A4C70=
<8;4B&A454AA437018C0CB8=2;D34?A08A84B?;08=B0=3>C74A
F834>?4=A0=64BF8C7<8=8<0;CA442>E4A2><<>=;HB44=?4A2743>=
?>;4B>A54=24?>BCB
&=2062@BA2<@D.6;@<;6
2;4A5%.;42
0:
6;
*2645A4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;)2?F0<::<;A<0<::<;
.08#.AA2?;&<961
299F#.AA2?;&=<AA21<?@=208921
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
&*"*''
6A2@.492@.;1.D8@006=6A?61.2
4=4A0;)F0;;>FC08;43!8C4*74;0A64BC>5$>AC7
<4A820:8C4B70B1;02:D??4A?0ACBF78272>=CA0BC
F8C7F78C474030=3D=34A?0ACB=5;867C8CB7>FB
;>=6?>8=C43F8=6BF8C71;02:5;867C540C74AB0=3
F78C4F8=6;8=8=6B0B08=27;>=61;02:C08;
F8C7344?5>A:*74=42:1A40BC0=314;;H0A4F78C4
>A068=60=34438=6)F0;;>FC08;43!8C4*78B18A3
5443B>=8=B42CBBD270B144B3A06>=5;84B2A82:4CB
282030B0=3144C;4B;B>2>=BD<4BB<0;;B=0:4B
;8I0A3B5A>6B0=3B<0;;18A3BF78270A4>5C4=C0:4=
5A><C74CA44C>?B;;?A4H0A420?CDA43F8C7544C
F78;48=5;867C1H6;40=8=65A><BDA5024>5
E464C0C8>=A40278=6F8C78=>AD=34A=40C75>;8064>A
B=0C278=65;H8=68=B42CBF8C710A4;H?4A24?C81;4
BCA8:4B>5C74544C3D;CB40C5>>3F78;45;H8=6
A4438=60=3$4BC8=6)F0;;>FC08;43!8C4*F>C>C7A44F78C4466BF8C71A>F=0=3;0E4=34A<0A:8=6B
>5C4=2>=24=CA0C430CC74;0A644=30A4;0838=0=4BC>5BC82:BCF86B<>BB0=3?8=4=443;4B$4BC8B1D8;C1H
1>C7B4G4B0=3?;02438=C74CA44C>?544C01>E46A>D=32>=240;431HC782:5>;8064$4BC8B;8=43F8C7
;40E4B0=3;8274==2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1H1>C7B4G4B*74B418A3B70E4
>=41A>>3?4AH40A
;867C&0CC4A=)>0AB>=C74A<0;B0=3D?3A05CBD>H0=C5;867CF8C7344?B;>FF8=6140CB0=36;834B
(0=640=3018C0C)F0;;>FC08;43!8C4A443B<08=;H>=>A=40A2>0BCB
5A><*4G0B40BCC>;>A8300=3=>AC7C>)>DC70A>;8=0;>20;50AC74A
8=;0=38=D;5BC0C4B-8=C4AB8=<4A820=CA>?82B;B>1A443B8=CA>?82B
=7018CBBF0<?B<0AB74BA8E4A1>CC><B0=36;034B8=>?4=5>A4BCB
&=2062@9.;<612@3<?360.AB@
2;4A5%.;420:
6;
*2645A4
<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
*'''
6A2@.492@.;1.D8@006=6A?61.2
4=4A0;-78C4C08;43!8C4)<0;;70F:F8C76A0H
D??4A?0ACB1;02:B7>D;34AB0=3F78C450240=3
D=34A?0ACBH4B0A4A4318;;8B1;02:+=34AF8=6B0A4
F78C40=36A0HF8C730A:?0C274B0C14=3*08;8B
B@D0A4?0;46A0H0=3B7>AC4AC70=5>;343F8=6B"46B
0=3544C0A46A0H)>0AB>=C74A<0;B0=3D?3A05CB
>A068=60=34438=6-78C4C08;43!8C484C
2>=B8BCB>5E>;4B584;3<824?>2:4C6>?74AB6A>D=3
B@D8AA4;BB7A4FBB<0;;18A3BB<0;;B=0:4B;8I0A3B
5A>6B6A0BB7>??4AB2A82:4CB0=3144C;4B7D=CBF78;4
7>E4A8=6>5C4=?0DB8=6C>BCD3HC746A>D=3145>A4
BF>>?8=63>F=>=?A4H
A4438=60=3$4BC8=6-78C4C08;43!8C4*7A44C>B8GF78C4466BF8C71A>F=1;>C274B0A4;0838=0;>>B4=4BC
<034>5C78=CF86B#0;41A8=6B<>BC>5C74<0C4A80;F78278BC74=F>A:438=C>C74=4BC1HC7454<0;4
4<0;48=2D10C4B466B5>A01>DC30HBF8C7<0;4B><4C8<4B0BB8BC8=6<0;45443B74A>=>A=40AC74=4BC
3DA8=68=2D10C8>=
;867C&0CC4A=);>F<40BDA43344?F8=6140CB)>0AB>=C74A<0;B0=3D?3A05CB
(0=640=3018C0C-78C4C08;43!8C4><<>=8==>AC7F4BC5A820
B>DC74A=B80C740BC=384BA01800=35A820B>DC7>5C74)070A0
;B>>22DAB>=F4BC2>0BC>5C74+)0=38=?0ACB>5#4G82>&A454AA43
7018C0CB8=2;D34>?4=B0E0==072D;C8E0C437867;0=3B6A0BBH?;08=B0=3
B4<834B4AC6A0BB;0=3B
&=2062@9.;B@92B0B?B@
2;4A5%.;420:
6;
*2645A4
<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@<<@20<9<;62@
?2216;4#<=B9.A6<;<::<;/BA9<0.9
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
%!&'%
.90<;@.90<;61.2
4=4A0;<4A820=!4BCA4;)<0;;4BC$>AC7<4A820=
70F:70BCF>38BC8=2C1;02:50280;BCA8?4BADBC1A>F=
C08;0=3102:B;0C41;D4F8=6B1;02:B?>CC43
D=34A?0ACB0CB10CBA>34=CB8=B42CB5A>6BB<0;;
A4?C8;4B0=318A3B;C4A=0C4BB4E4A0;A0?83F8=6
140CBF8C76;834B0;B>7>E4AB)>0AB>=C74A<0;B
>A068=60=34438=6<4A820=!4BCA4;D=CB8=
40A;H<>A=8=60=34E4=8=68=BD<<4A40C8=6<>BC;H
;0A648=B42CBBD270B6A0BB7>??4ABDA8=6F8=C4A
<>=C7B7D=CBC7A>D67>DC30H;867C7>DAB0=340CB
B<0;;<0<<0;B18A3B0=30<?78180=B
A4438=60=3$4BC8=6<4A820=!4BCA4;4<0;48B?A><8B2D>DB<0C8=6F8C7CF>>AC7A44<0;4B?A8>AC>
B4CC;8=6F8C70B8=6;4<0C4*7A44C>B4E4=F78C4>A?0;4?8=:466B0A4;083DBD0;;H8=0CA4420E8CH
=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;47>F4E4AC74<0;4>220B8>=0;;HC0:4B
>E4A8=2D10C8>=3DC84B
;867C&0CC4A=)>0AB>=C74A<0;B)4E4A0;A0?83F8=6140CB5>;;>F431H06;834%5C4=7>E4AB>=A0?83;H
140C8=6F8=6B
(0=640=3018C0C<4A820=!4BCA4;A443B5A><$>AC7F4BC*4AA8C>A84B
0=3;0B:040BCC7A>D67#0A8C8<4&A>E8=24B0=3B>DC7C7A>D67>DC<>BC
>5C742>=C8=4=C+BD0;;HF8=C4AB=>AC7C>A8C8B7>;D<180A40C"0:4B
0=3$4F=6;0=3&A454AA437018C0CB8=2;D34C>F=B28C84B?0A:B
50A<;0=3B0=3>?4=2>D=CAH
&=2062@.90<@=.?C2?6B@
2;4A5%.;420:
6;
*2645A
4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;.??21<?/.;121
299F#.AA2?;&=<AA21<?@=208921
?2.@A#.AA2?;&<961
%&'%%
.90<;@.90<;61.2
4=4A0;A4BC430A020A0"0A646A>D=33F4;;8=6
50;2>=1;02:1>3H58=4;H10AA43C08;F8=6?0=4;B0=3
D??4A1A40BC4032A4BC8B1;02:50280;B:8=8BA43
0=3;0A6418;;8B1;D46A0H0=37>>:43"46B0A4;>=6
0=3H4;;>F)CA>=6BC403HF8=6140CB0;C4A=0C43F8C7
;>=6C>B7>AC6;834B)>0AB>=C74A<0;B
>A068=60=34438=6A4BC430A020A084C
8=2;D34B20AA8>=B<0;;CDAC;4BCDAC;4466B58B7
8=B42CB5A>6B;8I0A3BB=0:4BB<0;;18A3B0=3B<0;;
<0<<0;B-74=?DABD8=6;0A64A?A4H0?08A
B><4C8<4BF>A:BC>64C74A70B144=>1B4AE4354438=6
>=20AA8>=F8C7ED;CDA4B
A4438=60=3$4BC8=6A4BC430A020A0%=4C>5>DA1A>F=<0A:43F78C4>A;867C?8=:466B0A4;0838=0
1D;:H=4BC<034>5E8=4B0=3BC82:BDBD0;;H1D8;C8=02011064?0;<CA4466B0A48=2D10C435>A30HB1H
1>C7?0A4=CB
;867C&0CC4A=)CA>=6BC403H344?F8=6140CB%5C4=0;C4A=0C4BB4A84B>5F8=6140CBF8C7;>=6C>B7>AC6;834B
)><4C8<4BB>0AB>=C74A<0;B
(0=640=3018C0CA4BC430A020A0>D=35A><0900;85>A=80C>
40BC4A=*4G0BB>DC7C>&0=0<0&A454AA437018C0CB8=2;D34?A08A84B
B0E0==0B34B4ACB2AD10=3B40B7>A4B
&=2062@.?.0.?.052?6D.F
2;4A5%.;42
0:6;
*2645A4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;2096;6;4.6?9F0<::<;A<
?.?2
.08#.AA2?;.??21<?/.;121
299F#.AA2?;&<961
?2.@A#.AA2?;.??21<?/.;121
<=F?645A 6A05*.6A2?<B=
%!
.90<;@.90<;61.2
4=4A0;#4A;8=)<0;;50;2>=F8C71;D46A0H
D??4A?0ACBF78C4C>?0;41A>F=D=34A?0ACBF8C730A:
BCA40:B*7A>0C4H4A8=6;8=401>E44H40A4F78C4
0A:6A0H18;;24A48BH4;;>F*08;8B1A>F=>A1;02:
10AA43F8C7F78C4C8?B&028582A0248B30A:6A0H
&A08A84A0248B;867C6A0H*0860A0248B0<8GCDA4
>A068=60=34438=6#4A;8=&A4HB<08=;H>=B<0;;
18A3BBD270B;0A:BBF0;;>FB58=274B0=3
>220B8>=0;;H?C0A<860=0;B>40CBB<0;;<0<<0;B
;8I0A3BB=0:4B0=38=B42CB4B?4280;;H3A06>=5;84B
A4438=60=3$4BC8=6#4A;8=*F>C>B4E4=F78C4466BB><4C8<4B<0A:43F8C7A431A>F=0A4;0838=0CA44
20E8CHF8C7>DC=4BC8=6<0C4A80;B03343>220B8>=0;;HDB4B0A>2:H;4364>A010=3>=432A>F=4BC=2D10C8>=
A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=)F85C38A42C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0C#4A;8=A443B5A><;0B:040BCC7A>D67#02:4=I84
C>$4F5>D=3;0=30=3B>DC7C>-H><8=6#>=C0=00=3=>AC740BC4A=
#08=4)?4=3BF8=C4AB<08=;H8=C74B>DC74A=+)=>AC70;>=6C74F4BC
2>0BCD?C>A8C8B7>;D<1800=3>=C7440BC2>0BCC>B>DC74A=$4F
=6;0=3&A454AA437018C0CB8=2;D342>=854A>DB5>A4BCB
&=2062@.90<0<9B:/.?6B@
2;4A5%.;420:
6;
*2645A
4<G
*6;4@=.;%.;420:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&A?6=21<?@A?2.821
?2.@A#.AA2?;&A?6=21<?@A?2.821
#%%!"!
.90<;@.90<;61.2
4=4A0;&4A46A8=40;2>=#438D<A>1DBC50;2>=
F8C71;D46A0HD??4A?0ACB?;08=1A40BC740E8;H10AA43
B834B14;;H0=3;4668=6B40370B01;02:7>>30=3
B8341DA=B.4;;>F5;4B7H4H4A8=6.4;;>F;46B0=3
544C443B?A8<0A8;H>=18A3BF78278CC0:4B8=<8308A
05C4A0BC44?BF85C38E45A><01>E4C74<
>A068=60=34438=6&4A46A8=40;2>=&A4HB
<>BC;H>=18A3B8=2;D38=63>E4B?864>=BB7>A418A3B
F0C4A5>F;0=3?0BB4A8=4B0;B>40CBB<0;;A4?C8;4B0=3
<0<<0;B%5C4=B>0ABC>7D=C38E8=6C>BCD=8CB?A4H
8=<8308A
A4438=60=3$4BC8=6&4A46A8=40;2>=*F>C>B8G1D55>AF78C4466B740E8;H<0A:43F8C71A>F=0=3A43
0A4;0838=0=4BC>5C4=1D8;C1H>C74AB?4284BB4C7867>=02;855>AC0;;1D8;38=6=2D10C8>=A0=64B5A><C>
30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=8A42C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0C&4A46A8=40;2>=A443B5A><;0B:00=3C74
0=0380=0A2C82B>DC7;>20;;HC7A>D67C74<>D=C08=>DBF4BC0=3
B?0A8=6;H8=C7440BC)?4=3BF8=C4AB>=2>0BCB=>AC7C>A8C8B7>;D<180
0=3#0BB027DB4CCB&A454AA437018C0CB8=2;D34CD=3A0B0E0==0B2>0BCB
<>D=C08=B0=3C0;;1D8;38=6B
&=2062@.90<=2?24?6;B@
.08#.AA2?;&0.921<?&0.99<=21
2;4A5%.;42
0:
6;
299F#.AA2?;.??21<?/.;121
*2645A4<G
?2.@A#.AA2?;&A?6=21<?@A?2.821
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;<::<;A<3.6?9F0<::<;<;
AB;1?.
<=F?645A 6A05*.6A2?<B=
%!""'
%.69@.;1<<A@%.9961.2
4=4A0;<4A820=>>C#438D<B8I432782:4=;8:4
BF8<<8=618A330A:6A0HC>1;02:>E4A0;;B7>AC
F78C418;;0=3D=34AC08;2>E4ACB*>4B0A4;>143=>C
F41143+??4A4364>55A>=C0;B784;38BA431DC
DBD0;;H>=;HE8B81;40C2;>B4A0=64)F85C38A42C5;867C
F8C7A0?83F8=6140CB544C?A>CAD34?0BCC08;
>A068=60=34438=6<4A820=>>C443B>=
?;0=C<0C4A80;B0@D0C828=E4AC41A0C4B0<?78180=B
B=08;BF>A<B0=3B><4C8<4B18A3466B5>A064B1H
C8??8=638E8=65A><C74BDA5024>AF0;:8=60;>=6
B7>A4;8=4B
A4438=60=3$4BC8=6<4A820=>>C*F>C>CF4;E41;02:0=31A>F=<0A:43?8=:C>1D55466B0A4;083>=
0B70;;>F?;0C5>A<>53403;40E4B0=3BC4<BDBD0;;H>=F0C4A1DC0=27>A43C>02;D<?>5A443B=2D10C8>=
A0=64B5A><C>30HB0=38B20AA843>DC1H1>C7?0A4=CB
;867C&0CC4A=)F85C38A42C5;867CF8C7A0?83F8=6140CB44C?A>CAD3414H>=3C08;
(0=640=3018C0C<4A820=>>CA443B5A><A8C8B7>;D<180
F4BC4A=0=0300=3$4F.>A:;>20;;HB>DC7F0A3+BD0;;HB?4=3B
F8=C4AB=>AC7C>A8C8B7>;D<180!0=B0B;;8=>8B0=3#0BB027DB4CCB
&A454AA437018C0CB8=2;D34>?4=?>=3B0=3<0AB74B>D=3>=2>0BC0;
10HB0=38=;4CB>5C4=>22DAA8=68=;0A64A05CB3DA8=6F8=C4A
&=2062@B960..:2?60.;.
2;4A5%.;420:
6;
*2645A4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@
?2216;4#<=B9.A6<;<::<;A<./B;1.;A
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
%
%.69@.;1<<A@%.9961.2
4=4A0;;02:(08;)<0;;4BC$>AC7<4A820=A08;
<>BC;H30A:6A0H>A=40A;H1;02:F8C7F78C4B?42:;43
102:14;;H5;0=:B$0?40=3D??4A102:0A4
274BC=DC1A>F=H4B0A4A430CBB443B>50@D0C82
?;0=CB6A0BB4B0=36A08=B8=B42CB0=3B<0;;<0A8=4
2ADBC0240=B-40:5;DCC4A8=65;867CF8C7;46B30=6;8=6
>A068=60=34438=6;02:(08;443B>=B443B>5
0@D0C82?;0=CB6A0BB8=B42CB0=38B>?>3BB<0;;
2ADBC0240=B
A4438=60=3$4BC8=6;02:(08;>DAC>C78AC44=1A>F=B?>CC43?0;4?8=:C>F78C4466B0A4;0838=0344?
2D?>558=4;HF>E4=B>5C6A0BBB4364B>A>C74A0E08;01;4E464C0C8>=$4BC8BDBD0;;H2>=240;438=02;D<?>5
6A44=6A0BBF8C76A0BB0A2743>E4AB>8C8B78334=>C7?0A4=CB8=2D10C4C74466B5>A01>DC30HB
)><4C8<4B?A>3D24BCF>1A>>3B?4AH40A
;867C&0CC4A=-40:5;DCC4A8=65;>??H5;867CF8C7;46B30=6;8=6
(0=640=3018C0C;02:(08;$4BCB>=<0AB74B0=3>?4=6A0BB;0=3B
5A><B>DC74A=$4F=6;0=3C>C74D;52>0BCBC0C4B)?4=3BF8=C4AB5A><
C74B>DC74A=C;0=C822>0BCBC0C4BB>DC7C>4=CA0;<4A820&A454AA43
7018C0CB8=2;D34<0AB74BBF0<?B0=3F4C<403>FB
&=2062@.A2?.99B@7.:.602;@6@
2;4A5%.;42
0:6;
*2645A4
<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;(;0<::<;A<?.?2
.08#.AA2?;&=<AA21<?@=208921
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
##%%
%.69@.;1<<A@%.9961.2
4=4A0;;0??4A(08;"0A64=>8BH<0AB718A36A0H
>A1A>F=D??4A?0ACBE4AC820;F78C410AA435;0=:B0=3
14;;H1D55>AADBC1A>F=1A40BC8;;8B;>=6B;867C;H
342DAE43A0H;46B544C443B0C;>FC834>=
<D35;0CB>A78334=8=B0;C<0AB7E464C0C8>=;867C8B
;>F0=35;DCC4A8=6>E4AB7>AC38BC0=24B
>A068=60=34438=6;0??4A(08;443B<08=;H>=
2A0H58B7B<0;;2A01BB<0;;58B75A>6BB;D6BB=08;B
8=B42CB0=3B443B5>A064B>=C746A>D=30=3F78;4
F038=68=B70;;>FF0C4A
A4438=60=3$4BC8=6;0??4A(08;8E4C>CF4;E41A>F=<0A:431D55C>>;8E4466B0A4;0838=0=4BC<034
>5ADB74BB4364B0=32>A36A0BB0=378334=8=C0;;E464C0C8>==2D10C8>=A0=64B5A><C>30HB0=38B
20AA843>DC1H1>C7?0A4=CB
;867C&0CC4A=">F5;DCC4A8=65;867C>E4AB7>AC38BC0=24BF8C7;46B30=6;8=6
(0=640=3018C0C;0??4A(08;A443B0;>=6C;0=C82D;50=3
0;85>A=802>0BCBB?4=3BF8=C4AB=>AC7C>24=CA0;0;85>A=800=3$4F
4AB4H&A454AA437018C0CB8=2;D342>0BC0;B0;CF0C4A<0AB74B
&=2062@%.99B@9<;46?<@A?6@
2;4A5%.;42
0:
6;
*2645A4
<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&A?6=21<?@A?2.821
299F#.AA2?;.??21<?/.;121
?2.@A#.AA2?;&<961
"
"! ""%!
%.69@.;1<<A@%.9961.2
4=4A0;><<>=#>>A74=#438D<2782:4=;8:4
<0AB718A3F8C76A0H1A>F=102:0=3B;0C46A0H7403
=42:1A40BC0=314;;H+??4A5;0=:BB7>F38BC8=2C
F78C4;8=4.4;;>FC8??43A4318;;8BB7>ACF8C7A43
5A>=C0;?;0C44GC4=38=6>=C>5>A47403*08;8BF78C4
14;>F">=6;46B0=3D=F41143544C0A4
H4;;>F6A44=
>A068=60=34438=6><<>=#>>A74=443B>=
5A4B7F0C4A?;0=CBB443B0=3B<0;;8=E4AC41A0C4B
>A064BF78;4BF8<<8=6>A0=3F0;:8=68=B70;;>FB
>A0C>?5;>0C8=6E464C0C8>=02C8E430H0=3=867C
)F0;;>FBB0=30=36A0E4;C>74;?6A8=35>>3
A4438=60=3$4BC8=6><<>=#>>A74=*F>C>C78AC44=1D55466BF8C7A431A>F=>A>;8E4B?>CB0A4;0838=
0F4;;A8<<432D?=4BC2>=BCAD2C43>53403E464C0C8>=0=3;8=43F8C76A0BB0=3;40E4B$4BC8BDBD0;;H
;>20C43>E4AC74F0C4A0=30=27>A43C>BC4<B>54<4A64=CE464C0C8>=1DC8B>220B8>=0;;H1D8;C>=C746A>D=3
>A8=0;>FB7AD1>C7?0A4=CB8=2D10C4C74466B5>AC>30HB
;867C&0CC4A=)F85CBCA>=638A42C5;867C
(0=640=3018C0C><<>=#>>A74=A443B>E4A<D27>5$>AC7
<4A820C7A>D674=CA0;<4A8200=3=>AC74A=)>DC7<4A820)?4=3B
F8=C4AB5A><C74B>DC74A=C;0=C82BC0C4BC>)>DC7<4A820&A454AB
7018C0CF8C7;0A640A40B>5>?4=F0C4A2><<>==40AA4B4AE>8AB?>=3B
5A4B7F0C4A<0AB74B0=35;>>3436A0BB;0=3B
&=2062@.996;B9.059<?<=B@
2;4A5%.;420:
6;
*2645A4
<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@&<96A.?FA<
@2:60<9<;6.9
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
!%
%.69@.;1<<A@%.9961.2
4=4A0;!8=6(08;"0A64A08;F8C7;>=6
>A0=6410B4318;;A>F=0=3A431A>F=<>CC;43
D??4A?0ACB+=34A?0ACB0A4>A0=641A>F=F8C7
BCA>=6;H10AA431;02:F78C45;0=:B&A><8=4=C
274BC=DC1A>F=?0C27>=F8=68BE8B81;4>=BC0=38=6
0=35;H8=618A3B443B8=B70;;>FF0C4A>A<D35;0CB
4G?>B430C;>FC834
>A068=60=34438=6!8=6(08;443B0<>=6
5;>0C8=6>A4<4A64=CE464C0C8>=8=5A4B7F0C4A<0AB74B
0=3BF0<?B4=4A0;;HBC0HBF4;;78334=0B8C5443B
1DC<0HBCA0H>=C>>?4=B7>A4;8=4B0=34364B>5
<D35;0CB0B8CB40A274B5>A0@D0C828=B42CB0=3
2ADBC0240=B;B>5443B>=5A>6B2;0<B0=3B443B>5
<0AB7?;0=CB
A4438=60=3$4BC8=6!8=6(08;"0HBB8GC>585C44=1A>F=B?>CC431D55466B8=8=CA820C4F>E4==4BCF4;;
78334=0<>=634=B4<0AB7?;0=CB$4BC70BF>E4=20=>?H>E4A8C0=30B;>?8=64=CA0=24A0<?>C7B4G4B
8=2D10C45>AC>30HB0=3C74?A42>280;H>D=6;40E4=4BCF8C78=7>DAB05C4A70C278=6>C7?0A4=CB5443
2782:BD=C8;C74HBC0AC58=38=6C748A>F=5>>305C4A01>DCF44:B
;867C&0CC4A='D82:B7>AC5441;45;867CB>=B7>ACF8=6B
(0=640=3018C0C!8=6(08;&A454AB5A4B7F0C4A<0AB74B0;>=6C74D;5
0=3C;0=C82>0BCB5A><*4G0BC>$4F.>A:
&=2062@%.99B@2924.;@
2;4A5%.;420:
6;
*2645A
4
<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&A?6=21<?@A?2.821
299F#.AA2?;.??21<?/.;121
?2.@A#.AA2?;&<961
#(%#!(
%.69@.;1<<A@%.9961.2
4=4A0;&DA?;40;;8=D;4#438D<2782:4=;8:4
<0AB718A3F8C7?DA?;41;D4D??4A?0ACBF0B743F8C7
8A834B24=C6A44=344?1;D4D=34A?0ACB>A474038B
?0;41;D418;;8BA430=3H4;;>FC8??43+=34AC08;
2>E4ACB0A4F78C4"46B0A4H4;;>FF8C7E4AH;>=6
C>4B*745;867C8B;01>A430=3B;>FF8C730=6;8=6
;46B
>A068=60=34438=6&DA?;40;;8=D;484C2>=B8BCB
>58=E4AC41A0C4B5A>6B0@D0C82E464C0C8>=B443B0=3
14AA84B5>A064BF78;4F0;:8=60;>=6C74B7>A4;8=4
F038=60=3BF8<<8=6
A4438=60=3$4BC8=6&DA?;40;;8=D;48E4C>C4=?8=:>A1D55466B<0A:43F8C71A>F=0A4;0838=0=4BC
<034>53403BC4<B0=3;40E4B0=31D8;C;>F01>E4C74F0C4A0<>=634=B4ADB74B=2D10C8>=A0=64B5A><
C>30HB
;867C&0CC4A=)F85CBCA>=638A42C5;867C
(0=640=3018C0C&DA?;40;;8=D;4>D=38=C74B>DC7C;0=C820=3
D;5BC0C4B0=320BD0;;H0B50A=>AC7F0A30B#08=4$4F.>A:
-8B2>=B8=0=3B>DC7C7A>D67>DCC74-4BC=384B#4G82>4=CA0;
<4A8200=3=>AC74A=)>DC7<4A820C>A0I8;&A454AA437018C0CB
8=2;D34;0:4B?>>;BF0C4AF0HB0=3F4C<0AB74B
&=2062@#<?=5F?6<:.?A6;60.
2;4A5%.;420:
6;
*2645A4
<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@
?2216;4#<=B9.A6<;.@B.9
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
&"%
%.69@.;1<<A@%.9961.2
4=4A0;)>A0)<0;;A08;F8C730A:6A0H1A>F=
D??4A?0ACBF8C71;02:0=3F78C4BCA40:BA40BC8B
6A0H0=35;0=:B0=314;;H0A430A:6A0HF8C7F78C4
10ABA0H740370B030A:4A2A>F=0=3=0?40=3
1;02:5024278=0=3C7A>0C8;;8BH4;;>FF8C730A:
C8?">FF40:0=35;>??H5;867C>E4AB7>AC
38BC0=24B
>A068=60=34438=6)>A084C2>=B8BCB>5
<>;;DB:B8=B42CBB=08;BB443B>5<0AB7?;0=CB0=3
3D2:F443)=08;B0=38=B42CB0A4?82:435A><C74
6A>D=30=3E464C0C8>=>A20D67C1H?A>18=6B>5C<D3
F8C78CB18;;
A4438=60=3$4BC8=6)>A0*4=C>CF4;E41D55466BF8C71A>F=0=36A0H1;>C274B0A4;0838=0B70;;>F
10B:4C>520CC08;B3AH;40E4B6A0BB0=3A443B0=30CC02743C>BC0;:B>534=B4;8E8=6E464C0C8>==4BC8B
DBD0;;H1D8;C>E4A>A039024=CC>F0C4A>C7?0A4=CB8=2D10C4C74466B5>AC>30HB
;867C&0CC4A=-40:;01>A435;>??H5;867C5>AB7>AC38BC0=24B0=3;>F>E4AE464C0C8>=F8C7;46B30=6;8=6
(0=640=3018C0C)>A0A443B5A><B>DC740BC4A=;0B:040BCC>
$4F5>D=3;0=30=3B>DC7;>20;;HC>=>AC7F4BC4A=0900;85>A=80
B>DC74A=$4F#4G82>40BC4A=>;>A03>B>DC74A=#8BB>DA824=CA0;
%78>0=3#0AH;0=3)?4=3BF8=C4ABA46D;0A;H5A><24=CA0;0;85>A=80
40BCC>B>DC74A=*4G0B0=3C74D;5>0BC0=3B>DC7C7A>D674=CA0;
<4A820C>?>AC8>=B>5)>DC7<4A820&A454AA437018C0CB8=2;D34
5A4B7F0C4A<0AB74B5;>>343584;3BBF0<?B0=3B;>D671>A34AB
&=2062@#<?G.;.0.?<96;.
2;4A5%.;420:
6;
*2645A4<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&=<AA21<?@=208921
299F#.AA2?;.??21<?/.;121
?2.@A#.AA2?;&<961
)%!%
%.69@.;1<<A@%.9961.2
4=4A0;,8A68=80(08;#438D<A08;F8C7
1A>F=0=31;02:<>CC;43D??4A?0ACBF78C4C7A>0C
ADBC1A>F=1A40BC0=31;02:0=3F78C410AA4314;;H
40370B1;02:2A>F=6A0H50240=3F78C44H41A>FB
8;;8B;>=6A431A>F=0=32DAE433>F="46B0A4
>A0=641A>F=*08;8BB7>AC1;02:01>E40=3F78C4
14;>F
>A068=60=34438=6,8A68=80(08;84C8=2;D34B
8=B42CB0=3>C74A8=E4AC41A0C4B0@D0C82?;0=CB443B
0=33D2:F4435>A064B>=C746A>D=3>A8=B70;;>F
F0C4A
A4438=60=3$4BC8=6,8A68=80(08;8E4C>C78AC44=1A>F=B?>CC43F78C4C>1D55466B0A4;083>=0?8;4>5
<0CC43A443B0=3;0H4AB>50@D0C82E464C0C8>=0=36A0BB+BD0;;H=4BCB8=03AH0A401DC>220B8>=0;;H>E4A
<D3>AF0C4A>C7?0A4=CB8=2D10C4466B5>A01>DC30HB
;867C&0CC4A=-40:5;DCC4A8=65;>??H5;867CF8C7;46B30=6;8=6
(0=640=3018C0C,8A68=80(08;A443B;>20;;H5A><B>DC74A=A8C8B7
>;D<180C>$4F5>D=3;0=30=3B>DC7C>=>AC7F4BC4A=0900;85>A=80
B>DC74A=A8I>=0F4BC24=CA0;*4G0B#8BB>DA8%78>$>AC70A>;8=0
24=CA0;#4G82>0=3)>DC7<4A820)?4=3BF8=C4AB5A><B>DC74A=A8C8B7
>;D<180C>=>AC74A=0900;85>A=800=3=>AC7C>C74D;5>0BC0=3
$>AC70A>;8=0&A454AA437018C0CB8=2;D345A4B7F0C4A<0AB74B<>BC;H
F8C720CC08;BA443B0=3344?6A0BB
&=2062@%.99B@96:60<9.
.08#.AA2?;&A?6=21<?@A?2.821
2;4A5%.;420:
6;
299F#.AA2?;.??21<?/.;121
*2645A4
<G
?2.@A#.AA2?;&<961
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@
?2216;4#<=B9.A6<;.6?9F0<::<;A<B;0<::<;
<=F?645A 6A05*.6A2?<B=
,"*%
%.69@.;1<<A@%.9961.2
4=4A0;.4;;>F(08;)<0;;A08;F8C7?0;4
H4;;>FBCA8?4330A:1A>F=D??4A?0ACB-78C4C7A>0C
1D551A40BC5;0=:B0=314;;H0A410AA43
1;02:0=3F78C440370B1D555024F8C730A:1A>F=
20?4H4?0C274B8;;8BB7>ACH4;;>F-8=6B0A430A:
F8C7;0A64F78C4?0C274BE8B81;48=5;867C)7>AC1;02:
C08;
>A068=60=34438=6.4;;>F(08;84C8=2;D34B
B=08;B144C;4B6A0BB7>??4AB0@D0C821D6B3A06>=5;H
=H<?7B30<B4;5;H=H<?7BB?834AB2A0H58B7B;D6B
;44274BC03?>;4BB<0;;58B70AA>F7403B<0ACF443
?>=3F4431DAA4431A8BC;46A0BBF740C>0CB
1D;ADB76A0BB0=3B?8:4ADB7
A4438=60=3$4BC8=6.4;;>F(08;)4E4=C>C4=2A40<H1D55466BB><4C8<4BB?>CC43F8C7A431A>F=0A4
;0838=0F>E4=2D?=4BC>534036A0BB4B1D8;C01>E4C74F0C4ACH?820;;H>=0CDBB>2:=2D10C8>=A0=64B
5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=-40:5;DCC4A8=65;867CB>5B7>AC3DA0C8>=
(0=640=3018C0C.4;;>F(08;A443B5A><C74#0A8C8<4&A>E8=24B
F4BCF0A3C>;14AC00=3C74B>DC74A=?0AC>5C74$>AC7F4BC*4AA8C>A84B
=>AC74A=#827860=-8B2>=B8=#8==4B>C0$>AC70:>C00=3%A46>=
#86A0C4B0;>=6C74C;0=C822>0BCC>)>DC70A>;8=00=3;>A830B?4=38=6
F8=C4AB0;>=6C744=C8A4D;5>0BC5A><;>A830C>B>DC7*4G0B
A4438=66A>D=3B8=2;D34;0A64F4C<403>FB>AB70;;>F<0AB74BF8C7
B4364B0=36A0BB4B-8=C4AB>=B0;C<0AB74BA824584;3B0=330<?
<403>FB
&=2062@<AB?;60<=@;<C2/<?.02;@6@
2;4A5%.;42
0:6;
*2645A
4
<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;(;0<::<;A<?.?2
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&A?6=21<?@A?2.821
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
&!%!
?.;2@?B61.2
4=4A0;)0=378;;A0=4"0A64F038=618A3F8C76A0H
1>3HF78C42744:B278=D??4AC7A>0C0=31A867CA43
20?8;;8B30A:0=34H4B0A4H4;;>F"46B0=3544C
0A41;02:8A42CBC403H5;867C>=740EH0=3;01>A43
F8=6140CB);>F3>F=BCA>:4A0?830=394A:H
D?BCA>:4;84B8=,>ABCA0867C;8=45>A<0C8>=
>A068=60=34438=6)0=378;;A0=40CB6A08=B
14AA84BB<0;;<0<<0;B8=B42CBB=08;BA4?C8;4B0=3
0<?78180=B+B4B18;;C>?A>145>ABD1BDA50245>>3
0=36;40=B443B0=3>C74A5>>3B5>A064B>=;0=3>A8=
B70;;>F<0AB74B
A4438=60=3$4BC8=6)0=378;;A0=4*F>1D55>A>;8E4466BB?>CC43F8C7>;8E4>A1A>F=0A4;0838=0
6A>D=3=4BC;8=43F8C7BC4<B0=3CF86B0=31D8;C=40AF0C4A=2D10C8>=A0=64B14CF44=0=330HB0=3
8B20AA843>DC1H1>C7?0A4=CB3DA8=6C7430H1DC>=;H1HC7454<0;40C=867C
;867C&0CC4A=40EH;01>A43BC403HF8=6140CBF8C7B;>F3>F=BCA>:4(0?8394A:HD?BCA>:4
(0=640=3018C0C)0=378;;A0=4A443B5A><)814A800=3;0B:040BC
02A>BBA2C820=030C>D3B>=0H0=3B>DC7C>F4BC4A=%=C0A8>F8C7
8B>;0C43?>?D;0C8>=B8=C74(>2:H#>D=C08=B=>AC74A=?A08A84BA40C
"0:4BA468>=0=38=#8BB8BB8??84>A6800=3;>A830)?4=3BF8=C4AB8=
0;85>A=80B4=CA0;,0;;4H0=302A>BBB>DC74A=BC0C4B5A><A8I>=0C>
;>A830&A454AA437018C0CB8=2;D34;0A645A4B7F0C4A<0AB74B?A08A84
?>=3B0=3<0AB7HCD=3A00;B>5>D=3>=?A08A84B0=36A08=584;3B3DA8=6
<86A0C8>=0=38=F8=C4A
&=2062@?B@0.;.12;@6@
2;4A5%.;42
0:6;
*2645A4
<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@ .A2@3<?9632
?2216;4#<=B9.A6<;<::<;A<3.6?9F0<::<;
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
%!"!#")%
#9<C2?@5.?.1?661.2
4=4A0;<4A820=>;34=&;>E4A#438D<
B0=3?8?4AF8C71;02:5024D=34A?0ACB02:8B30A:
1A>F=F8C7H4;;>FB?>CB70B0F78C4)B70?43<0A:
0;>=674030=3B834B#0A:8=6B?A>E83420<>D5;064
C>1;4=38=F8C7CD=3A01A4438=66A>D=3B8;;8B
1;02:C78=0=3B7>AC)F85C38A42C5;867C>=A0?83
F8=6140CB
>A068=60=34438=6<4A820=>;34=&;>E4A
84C2>=B8BCB<08=;H>5<>B@D8C>4B1DCC4A5;84B>C74A
8=B42CBB<0;;<>;;DB:B0=32ADBC0240=B
A4438=60=3$4BC8=6<4A820=>;34=&;>E4A*7A44C>5>DA1;02:0=31A>F=B?>CC43F78C4C>1D55466B
0A40AA0=6438=028A2;4F8C7=0AA>F4=3B?>8=C8=6C>C7424=C4AC>74;?:44?C74<F0A<=2D10C8>=;0BCB
30HB0=38B20AA843>DC1H1>C7?0A4=CB8=CDA=<0;41H30H54<0;40C=867C$4BC8B0B2A0?4>=C746A>D=3
8=CD=3A0;8=43F8C7<>BB0=3;40E4B
;867C&0CC4A=8A42C5;867CF8C7BC403H@D82:F8=6140CB
(0=640=3018C0C<4A820=>;34=&;>E4A<>=6C74F834BCA0=68=6
18A3B8=C74F>A;3C78BB?4284B1A443B>=CD=3A05A><;0B:040BCC>
0558=B;0=30=3<86A0C4BB>DC7>E4AC74C;0=C82%240=5A><0=0380=
#0A8C8<4BC>)>DC7<4A820B><418A3BF8=C4A>=8B;0=3B8=&0285820=3
0??40A0;>=6F4BC2>0BC3DA8=6<86A0C8>=&A454AA437018C0CB8=2;D34
B7>A4B0=3?A08A84B
&=2062@#9BC6.96@1<:6;60.
2;4A5%.;420:
6;
*2645A
4
<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@
?2216;4#<=B9.A6<;,2@/BAB;0<::<;
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?; <AA921
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
#")%
#9<C2?@5.?.1?661.2
4=4A0;;02:14;;843&;>E4A#438D<B8I43
B7>A418A3F8C71;02:D??4A?0ACBE8E83;H<0A:43F8C70
F78C4B?>C>=4027540C74A024C7A>0C0=314;;H0A4
1;02:-78C45>A474030=32A>F=4GC4=3B>E4A4H4
0=33>F=102:B834B>5=42:;02:0A<?8C0=3F78C4
AD<?E4=C0=3F8=6BCA8?40A4E8B81;48=5;867C
>A068=60=34438=6;02:14;;843&;>E4A&A8=28?0;
5>>3B8=2;D34B<0;;2A01BB0=3F>A<B<>;;DB:B0=3
2ADBC0240=B
A4438=60=3$4BC8=6;02:14;;843&;>E4A*7A44C>58E430A:1A>F=B?>CC436A0H6A44=1A>F=>AF78C4
466B0A4;0838=0B70;;>F34?A4BB8>=;8=43F8C7<>BB;8274=B0=36A0BB=2D10C8>=A0=64B5A><C>
30HB0=38B20AA843>DC1H1>C7?0A4=CB
;867C&0CC4A=)CA>=638A42C5;867CF8C7?>F4A5D;A0?83F8=6140CB
(0=640=3018C0C;02:14;;843&;>E4AA443B8==>AC7F4BC4A=;0B:0
0=3A2C820=030)?4=3BF8=C4AB<08=;H0;>=6C742>0BCB5A><A8C8B7
>;D<1800=3#0BB027DB4CCBB>DC7F0A3A443B>=CD=3A0B?4=3B
F8=C4AB>=140274B<D35;0CB<0AB74B;0:4B7>A4B0=3?;>F43584;3B
&=2062@#9BC6.96@@>B.A.?<9.
2;4A5%.;420:
6;
*2645A
4<G
*6;4@=.;%.;420:6;
?2216;4'F=2 <;<4.:<B@
?2216;4#<=B9.A6<;(;0<::<;A<0<::<;<;
0<.@A@
.08#.AA2?; <AA921
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
%
#9<C2?@5.?.1?661.2
4=4A0;!8;;344A"0A6410=343?;>E4A1A>F=
D??4A?0ACB0=3F78C4D=34A?0ACBCF>38BC8=2C1;02:
10=3B2A>BBD??4A1A40BC-78C4BCA8?4B>=F8=6B0A4
E8B81;48=5;867C*08;0=3AD<?B7>FADBC1A>F=8=
5;867C;02:18;;?8=:1A>F=;46B0=3544C
-0E4A8=64AA0C825;867C20?01;4>5BF85C38A42C
5;867C
>A068=60=34438=6!8;;344A84C2>=B8BCB>5
E0A8>DB0@D0C820=3C4AA4BCA80;8=E4AC41A0C4B<>BC;H
8=B42CB0;B>40CB14AA84B5>A064B>=C746A>D=3
A4438=60=3$4BC8=6!8;;344A*7A44C>58E41D55466BF8C71A>F=<0A:8=6B0A4;0838=0B70;;>F6A>D=3
34?A4BB8>=;8=43F8C76A0BB>5C4=8=6A0E4;;H0A40B=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC
1H1>C7?0A4=CB
;867C&0CC4A=;84B8=4AA0C82F0E4A8=6<0==4A
(0=640=3018C0C!8;;344AA443B5A><;0B:040BCC>$4F5>D=3;0=3
0=3B>DC7F0A3)?4=3BF8=C4AB=>AC7C>A8C8B7>;D<180+C07C74%78>
,0;;4H0=3#0BB027DB4CCB0;B>5>D=38=)>DC7<4A820&A454AA43
7018C0CB8=2;D34>?4=0A40BBD270B?;>F43584;3B6>;52>DAB4B0=3
B7>AC6A0BB?A08A84B
&=2062@5.?.1?6B@C<0632?B@
2;4A5%.;420:
6;
*2645A
4<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;<::<;A<./B;1.;A
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
##!#")%
#9<C2?@5.?.1?661.2
4=4A0;&8?8=6&;>E4A)<0;;?0;4B0=32>;>A43
?;>E4AB7>FH1;02:10=3B>=7403=42:-78C4
D?4AC08;F8C7F78C4436431;02:C8?)7>AC18;;70B
1A867C>A0=6410B40=31;02:C8?"46B0A41A867C
>A0=640CB5;H;0AE04144C;4B2ADBC0240=B0=3
<0A8=4F>A<B443B78674A>=C7414027C70=>C74A
?;>E4AB
>A068=60=34438=6&8?8=6&;>E4A8=3B5>>31H
B867C(D=B054FBC4?B?0DB4B1A845;HC74=AD=B0
54F<>A4BC4?B>A270B4B?A4HD=CB>=3AHB0=3F4C
B0=30=3<D30CF0C4AB43640CB0F834E0A84CH>5
B<0;;8=B42CB0=38=E4AC41A0C4B
A4438=60=3$4BC8=6&8?8=6&;>E4A"0HBC7A44C>5>DA?0;41D55466B<0A:43F8C71A>F=0=31;02:8=
B8<?;4B2A0?4>5B0=3>=0=>?4=14027>5C4==40A02;D<?>56A0BB>C7?0A4=CB8=2D10C45>AC>30HB
782:B;40E4=4BCF8C78=7>DAB>570C278=60=320=5443C74<B4;E4B4<0;4>5C4=34?0ACBB>>=05C4A;40E8=6
<0;4C>6D0A3H>D=60BC74H6A>F
;867C&0CC4A=)CA>=638A42C5;867CF8C750BCF8=6140CB
(0=640=3018C0C&8?8=6&;>E4A$40A;H0;F0HB5>D=38=>?4=B0=3H
0A40B=40AF0C4A8=2;D38=6>240=0=3;0:4B834140274B>AA8E4AB0=310AB
>D=30;>=6C74C;0=C820=3D;5>0BCB<>E8=6=>AC7C>1A4430=3
B>DC75>AF8=C4A;B>1A443B8=C74D??4A#83F4BC
&=2062@5.?.1?6B@:29<1B@
2;4A5%.;42
0:6;
*2645A4
<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
& # '#")%
#9<C2?@5.?.1?661.2
4=4A0;)4<8?0;<0C43&;>E4A)<0;;?;>E4A
6A0H1A>F=D??4A?0ACB0=3F78C4D=34A?0ACB
>A474030=3508=C4H41A>FB0A4F78C4F78;45024
0=32>;;0A0A41;02:8;;8B>A0=64F8C71;02:C8?
-8=6B70E4F78C4BCA8?4BE8B81;48=5;867C*08;8B
1A>F=F8C7F78C44364B%A0=64;46B544C)CA>=6
38A42C5;867C
>A068=60=34438=6)4<8?0;<0C43&;>E4A0CB
8=B42CB2ADBC0240=B0=3<>;;DB:B5>A064B>=
<D35;0CB>A8=B70;;>FF0C4AAD==8=60=3B20==8=6
5>A5>>38=B7>AC1DABCB
A4438=60=3$4BC8=6)4<8?0;<0C43&;>E4A*7A44C>5>DA1D55C>>;8E41A>F=466B<0A:43F8C71A>F=>A
1;02:0A4;0838=06A>D=334?A4BB8>==B0=3H0A40B=4BC8B;8=43F8C7B74;;5A06<4=CB0=3?411;4B>=
CD=3A08C8B;8=43F8C7?;0=CB>C7?0A4=CB8=2D10C4466B5>AC>30HB.>D=65;H0CC>30HB
;867C&0CC4A=(0?83;H140C8=6F8=6B)CA>=638A42C5;867C
(0=640=3018C0C)4<8?0;<0C43&;>E4AA443B>=B0=3H>A<>BBH
CD=3A05A><;0B:0C>$4F5>D=3;0=30=3$>E0)2>C80)?4=3BF8=C4AB
>=<D35;0CBB0;C<0AB74B0=3;0:4B7>A4B0;>=62>0BC0;0;85>A=800=3
C740A>;8=0BB>DC7
&=2062@5.?.1?6B@@2:6=.9:.AB@
2;4A5%.;42
0:6;
*2645A4
<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@<<@20<9<;62@
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
&!"*,#")%
#9<C2?@5.?.1?661.2
4=4A0;)=>FH&;>E4A)<0;;?;>E4A?0;41A>F=
D??4A?0ACBF78C4D=34A?0ACB0A:?0C274B>=48C74A
B834>5D??4A1A40BC?0AC80;1A40BC10=31478=34H4
0=3>=F78C45>A474038;;;46B0=3544C0A41;02:
-8=6B70E4F78C4BCA8?4BE8B81;48=5;867C0A:C08;
70BF78C44364B0A:6A0H;46B0=3544C
>A068=60=34438=6)=>FH&;>E4A443B>=B<0;;
2ADBC0240=B0=3B>5C1>38438=E4AC41A0C4B>A064B8=
F4CB0=30=3BDA520BC:4;?8=3AHB0=3H0A40B01>E4
C747867C834>=B0;C?0=B>=B?>8;B8C4B0=30;>=6C74
4364B>5B0;C<0AB74BB0;C?>=3B0=3;06>>=B
B><4C8<4B?A>14B8=B0=3>A6;40=B5A><E464C0C8>=
A4438=60=3$4BC8=6)=>FH&;>E4A*F>>AC7A44?0;41D55466BF8C71;02:>A6A0H<0A:B0=3B?>CB0A4
;0838=0B70;;>F6A>D=334?A4BB8>=;8=43F8C7B74;;5A06<4=CB>A6A0BB$4BC8B1D8;C1HC74<0;4>C7<0;4
0=354<0;48=2D10C4466B5>AC>30HB.>D=65;H0CC>30HBA08B4B>=4>ACF>1A>>3B?4AH40A
;867C&0CC4A=8A42C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0C)=>FH&;>E4A%22DAB0;>=6C74F4BC2>0BC5A><
-0B78=6C>=C>0900;85>A=800=30;>=6C74D;5>0BC5A><;>A830C>
C74.D20C0=&4=8=BD;0&A454AA437018C0CB8=2;D34B0=3H2>0BC0;140274B
0=3B70;;>F0;:0;8=4;0:4B
&=2062@5.?.1?6B@.92E.;1?6;B@
.08#.AA2?;&<961
2;4A5%.;42
0:6;
299F#.AA2?;&<961
*2645A4
<G
?2.@A#.AA2?;&<961
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@ .F/2=<9F4.:<B@
?2216;4#<=B9.A6<;2096;6;4%.?2
<=F?645A 6A05*.6A2?<B=
*&"!&#")%
#9<C2?@5.?.1?661.2
4=4A0;-8;B>=B&;>E4A#438D<?;>E4A
6A0H1A>F=D??4A?0ACB0=320?+=34A?0ACB0A4F78C4
4G24?C5>A1;02:D??4A1A40BC10=340370B1;02:
5>A47403?0C270=3F78C44H41A>FB9>8=8=601>E4
18;;-8=6B0A430A:F8C7F78C4BCA8?4BE8B81;48=
5;867C-78C4C08;F8C7508=C1A>F=24=CA0;BCA8?0=3
30A:C8?
>A068=60=34438=6-8;B>=B&;>E4A0CB<>BC;H
2ADBC0240=BBD270B5833;4A2A01B2A0H58B70=3
B7A8<?1DC0;B>5443B>=<>;;DB:B<0A8=4F>A<B
0=38=B42CB+BD0;;H5>A064B>=140274B>A0A>D=3
?>=3B;45C1H7867C834B
A4438=60=3$4BC8=6-8;B>=B&;>E4A*F>>AC7A441A>F=0=31;02:<0A:431D55466B0A4;0838=0
34?A4BB8>=8=C74B0=3;8=43F8C71A>:4=B74;;B6A0BB0=3341A8BDBD0;;H1D8;C5A><B4E4A0;C>0B<D270B
544C102:5A><C74F0C4A0;F0HBF4;;01>E4=>A<0;7867C834>C7?0A4=CB8=2D10C4466B5>AC>
30HB.>D=60A4?A42>280;0=320=5;H0C30HB>;3
;867C&0CC4A=)F85C38A42C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0C-8;B>=B&;>E4AA443B8=C74+)0;>=6C74
C;0=C822>0BC5A><#0AH;0=3C>;>A8300=30;>=6C74D;5>0BC5A><
;>A830C>B>DC7*4G0B)?4=3BF8=C4AB0;>=61>C72>0BCB>5;>A8300=3
0;>=6C742>0BC>5B>DC7*4G0B(4B834=CC7A>D67>DC4=CA0;<4A8200=3
C740A81140=C>=>AC74A=)>DC7<4A820&A454AA437018C0CB8=2;D34>?4=
B0=3>AB74;;140274B0=3C830;<D35;0CB
&=2062@5.?.1?6B@D69@<;6.
.08#.AA2?;&<961
2;4A5%.;42
0:6;
299F#.AA2?;&<961
*2645A4
<G
*6;4@=.;%.;42
0:
6;
?2216;4'F=2 <;<4.:<B@
?2216;4#<=B9.A6<;.6?9F0<::<;A<B;0<::<;
6?1@<3<96C.?#2;6;@B9.
%!",&'%'%
"F@A2?0.A052?@.2:.A<=<161.2
4=4A0;<4A820=%HBC4A20C274A"0A64B7>A418A3
F8C7F78C4D=34A?0ACB1A>F=D??4A?0ACB1;02:7>>3
;>=61A867CA43>A0=64=443;4B70?4318;;-78C4
F8=6?0C274BE8B81;48=5;867C.4;;>F4H4B
BDAA>D=3431H>A0=644H4A8=6B"46B0=3544C0A4
?8=:443B>=<DBB4;B0=3>C74A18E0;E4B(0?83
38A42C5;867C
>A068=60=34438=6<4A820=%HBC4A20C274A
443B>=0E0A84CH>5<>;;DB:B?0AC82D;0A;H18E0;E4B
>220B8>=0;;H58B7&A>14B8=C>B0=3>A278B4;B?A4H
5A><A>2:B0<<4AB>ABC01BB74;;BF8C7;>=6
?>8=C4318;;C>?AHC74<>?4=
A4438=60=3$4BC8=6<4A820=%HBC4A20C274A#>=>60<>DBB>;8C0AH>A;>>B42>;>=80;=4BC4A>5B0=3H
>240=822>0BCB0=3<D35;0CB4<0;40=3<0;41D8;3B2A0?4=4BC>5B0=3;8=43F8C7E464C0C8>=0=3
>AB<0;;
?411;4B4<0;4;0HB>=4C>5>DA1D556A0H466BF8C730A:1A>F=B?42:;4B>C7B4G4B8=2D10C45>AC>
30HB0=3A40A?A42>280;H>D=6$4BC;8=6B0A43>F=2>E4A4305C4A70C278=6;40E4=4BCB>>=05C4A0=30A4
8=34?4=34=C1H01>DC30HB>5064
;867C&0CC4A=8A42C5;867CF8C7A0?83F8=6140CB;>F>E4AF0C4A
(0=640=3018C0C<4A820=%HBC4A20C274A>D=34G2;DB8E4;H0;>=6C74
C;0=C820=3D;52>0BCB&0285822>0BC>5#4G82>0=32>0BC>5C74D;5>5
0;85>A=80%220B8>=0;;HBCA0HBC>2>0BCB0;>=6B>DC74A=0;85>A=80
&A454ABB0=3H140274B<D35;0CB0=3>220B8>=0;HA>2:HB7>A4BF74A4
<>;;DB:?A4H20=145>D=3
&=2062@.2:.A<=B@=.996.AB@
2;4A5%.;420:
6;
*2645A4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@<9<;6.9<?@<96A.?F
;2@A2?
?2216;4#<=B9.A6<;.6?9F0<::<;6;0<.@A.9
?.;42
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
%!)"'
C<02A@.;1&A69A@%20B?C6?<@A?61.2
4=4A0;<4A820=E>24C">=6;46643B7>A418A3
F8C7;>=6C78=D?2DAE4318;;0=338BC8=2C8E4
1;02:0=3F78C4102:0=3B834B4030=3=42:0A4
1A867CADBC1A>F=3DA8=6BD<<4A"46B0=3544C0A4
6A0H443B>=8=B42CB2ADBC0240=B0=38=E4AC41A0C4B
)CA>=638A42C5;867CF8C7=42:4GC4=343
>A068=60=34438=6<4A820=E>24C443B1H
C7ADBC8=618;;D=34AF0C4A0=3BF8=68=68C5A><B834C>
B8340;>=6C741>CC><C>BC8AD?0@D0C828=B42CB;B>
40CB2ADBC0240=B0=3>C74A0@D0C820=8<0;B0=3?;0=CB
A4438=60=3$4BC8=6<4A820=E>24C*7A44C>5>DA?0;4>;8E41D55466BB?>CC43F8C71A>F=0=31;02:
0A4;0838=0B70;;>F34?A4BB8>=B?0AB4;H;8=43F8C76A0BB>=014027>A<D35;0C=2D10C8>=A0=64B5A><
C>30HB0=38B20AA843>DC1H1>C7?0A4=CB%5C4==4BCB8=;>>B42>;>=84B
;867C&0CC4A=)CA>=638A42C5;867C
(0=640=3018C0C<4A820=E>24CA443B5A><8=C4A8>A-0B78=6C>=
)0B:0C274F0=0=3#8==4B>C0B>DC7C>0;85>A=800=3*4G0B)?4=3B
F8=C4AB>=C74F4BC2>0BC=>AC7C>0;85>A=80>=C74D;5>0BC0=38=
;>A830=50;;C78B18A38B0A46D;0AE8B8C>A>=C74C;0=C822>0BC
&A454AA437018C0CB8=2;D345A4B7F0C4A<0AB74B0=3B70;;>F<0AB7H;0:4B
A443B;>20;;H8=B0;C>A1A02:8B7<0AB74B>5C4=<>E4BC>2>0BCB3DA8=6
F8=C4A
&=2062@%20B?C6?<@A?..:2?60.;.
2;4A5%.;42
0:
6;
*2645A
4
<G
*6;4@=.;%.;420:6;
?2216;4'F=2 <;<4.:<B@<<@20<9<;62@
?2216;4#<=B9.A6<;.6?9F0<::<;
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
!&''
C<02A@.;1&A69A@%20B?C6?<@A?61.2
4=4A0;;02:=42:43)C8;C"0A64B7>A418A3F8C7
B70A?;H2>=CA0BC8=61;02:D??4A?0ACB0=3F78C4
D=34A?0ACB">=6C78=D?2DAE4318;;(434H4BF8C7
F78C44H4A8=6B0=3F78C4?0C2701>E4"46B0A4
4GCA4<4;H;>=60=3A43?8=:443B>=8=B42CB58B7
F>A<BB<0;;2ADBC0240=B0=3B443B)F85C38A42C
5;867C
>A068=60=34438=6;02:=42:43)C8;C443B>=
C03?>;4B<>;;DB:BF0C4A144C;4B0=3>C74A0@D0C82
8=B42CBB=08;BB<0;;58B75;H8=68=B42CB0=3B443B
A4438=60=3$4BC8=6;02:=42:43)C8;C*7A44C>58E41A>F=B?>CC43H4;;>F>A1D55466B0A4;0838=0
B70;;>F6A>D=334?A4BB8>=;8=43F8C76A0BB>AB74;;5A06<4=CBDBD0;;H8=0<0AB7=4BCB8=;>>B42>;>=84B
=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1H1>C7?0A4=CB
;867C&0CC4A=)F85C38A42C5;867CF8C7B70;;>FF8=6140CB
(0=640=3018C0C;02:=42:43)C8;CA443B0;>=62>0BCB5A><%A46>=
0=34;0F0A4B>DC7F0A30=3;>20;;H8=F4BC4A=8=C4A8>ABC0C4B40BCC>
307>!0=B0B0=3*4G0B)?4=3BF8=C4AB0;>=6C74&0285822>0BC=>AC7C>
24=CA0;0;85>A=80;>A8300=3>C74AD;52>0BCBC0C4B&A454AA437018C0CB
8=2;D34B0;C<0AB74BB70;;>F2>0BC0;10HB0=35A4B7F0C4A<0AB74B
&=2062@6:.;A<=B@:2E60.;B@
.08#.AA2?;&<961
2;4A5%.;420:
6;
299F#.AA2?;&<961
*2645A
4<G
?2.@A#.AA2?;&<961
*6;4@=.;%.;420:6;
?2216;4'F=2 <;<4.:<B@<<@20<9<;62@
?2216;4#<=B9.A6<;.6?9F0<::<;A<B;0<::<;
<=F?645A 6A05*.6A2?<B=
%!*"""
&.;1=6=2?@&0<9<=.061.2
4=4A0;<4A820=->>32>2:#438D<BC>2:H
B0=3?8?4AF8C71D551A>F=D=34A?0ACB0=3
30A:BCA40:436A0H1A>F=D??4A?0ACB403B7>FB
1;02:10ABA0C74AC70=C74BCA8?4B>5<>BC>C74A
B0=3?8?4ABH4B0A41;02:0=3E4AH;0A6418;;8B3D;;
H4;;>FF8C701;02:C8?0=38B;>=60=3BC>DC&0;4
6A0H;46B0=3544C
>A068=60=34438=6<4A820=->>32>2:443B
1H?A>18=68=B>5CB>8;F8C78CB;>=6B4=B8C8E418;;
0CB?A8<0A8;H40AC7F>A<B1DC0;B>1DAA>F8=68=B42C
;0AE04#0HA>2:64=C;H102:0=35>AC7F78;454438=6
01470E8>AC70C8BC7>D67CC>BC0AC;4F>A<BB>C74H
<>E4
A4438=60=3$4BC8=6<4A820=->>32>2:0<>DB5>AC74<0;4B4;01>A0C42>DACB78?5;867CBC70C0A420;;43
B:H30=24BE4AH4E4=8=60=3BD=A8B45>A<>=C7B<0;4B60C74A8=>?4=F4C584;3BC>;0D=278=C>7867
CF8BC8=65;867CBF8C7<DB820;CF8CC4A8=6=>C4B0=3278A?8=620;;B4<0;4BE8B8CC74B430=28=66A>D=3B0=3
<0C4F8C7>=4>5C74<0;4BC74==4BCB>;8C0A8;H>=C746A>D=38=>E4A6A>F=584;3B"0HB5>DA1D55>AA43
1A>F=466BB?>CC43F8C71A>F=0=3?DA?;4=2D10C8>=8B30HB0=32782:B;40E4C74=4BCF8C78=7>DAB
>570C278=60=3BC0AC54438=6C74<B4;E4B05C4AC7458ABCF44:
;867C&0CC4A=55;DB743BD334=;H5A><C746A>D=3C74F>>32>2:F8;;A8B4E4AC820;;HF8C7=>8BHCF8CC4A8=6
F8=6BC74=5;H>55F8C7A0?83I86I0668=65;867C>DACB78?5;867C8=E>;E4B0=D?F0A3B?8A0;8=65;867CC74=
A0?835;DCC4A8=634B24=C
(0=640=3018C0C<4A820=->>32>2:>D=38=>?4=F>>3;0=3B0=3
<>8BC>E4A6A>F=584;3B5A><B>DC74A=0=030C>C74D;5>0BC
&=2062@&0<9<=.E:6;<?
2;4A5%.;420:
6;
*2645A
4<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;.??21<?/.;121
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
%&&!##%
&.;1=6=2?@&0<9<=.061.2
4=4A0;08A3B)0=3?8?4A#438D<B0=3?8?4AF8C7
B20;436A0H1A>F=D??4A?0ACBF78C4D=34A?0ACB0=3
30A:B?>CC436A0H1A>F=1A40BCA>F=50240=3
=42:0A41D55F8C758=430A:1A>F=BCA40:B(D<?8B
F78C4F8C730A:24=CA0;BCA8?44GC4=38=6C7A>D67C74
24=C4A>56A0H1A>F=C08;;02:;46B0=3544C
>A068=60=34438=608A3B)0=3?8?4A84C
2>=B8BCB?A8<0A8;H>58=B42CBB?834AB0=3B<0;;
2ADBC0240=B5>A064B1H?82:8=65>>38C4<B>55
A4;0C8E4;H3AHBD1BCA0C4BBD270B10:43<D3B0=3>A
6A0BB
A4438=60=3$4BC8=608A3B)0=3?8?4A>DA30A:1A>F=B?>CC43?8=:C>>;8E4466B0A4;0838=0B<0;;
7>;;>F>=3AHCD=3A0>C7?0A4=CB8=2D10C4466B5>A30HB.>D=65;H8=C>30HB
;867C&0CC4A=)F85C38A42C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0C08A3B)0=3?8?4AA443B8=C74A2C825A><40BC4A=
)814A800=3;0B:0C>=>AC7F4BC4A=A44=;0=3)?4=3BF8=C4AB8=)>DC7
<4A820<86A0C8=6<>BC;HC7A>D67C748=C4A8>A>5$>AC7<4A820
D=2><<>=>=C;0=C820=3&0285822>0BCB&A454AA437018C0CB8=2;D34
5A4B7F0C4A<0AB74BA8E4A10=:B0=3;0:4B834B;4BB5A4@D4=C>=2>0BC0;
0=31A02:8B7<0AB74B0=3039024=C6A0BB;0=3B
&=2062@.961?6@/.6?166
.08#.AA2?;&=<AA21<?@=208921
2;4A5%.;42
0:6;
299F#.AA2?;&<961
*2645A4
<G
?2.@A#.AA2?;&A?6=21<?@A?2.821
*6;4@=.;%.;42
0:
6;
?2216;4'F=2 <;<4.:<B@
?2216;4#<=B9.A6<;.6?9F0<::<;A<B;0<::<;
<=F?645A 6A05*.6A2?<B=
(%&'&!##%
&.;1=6=2?@&0<9<=.061.2
4=4A0;D551A40BC43)0=3?8?4A#438D<
B0=3?8?4A1D55F0B7>E4A4=C8A41>3H4G24?C5>A
F78C4E4=C+??4A?0ACB0A41;02:B?>CC430=3
BCA40:43D=34A?0ACB0A4B;867C;HB20;43)7>FBF78C4
F8=6;8=8=6B8=5;867C0BF78C44H4A8=60=31;02:
18;;"46B0A4H4;;>F)F85C38A42C5;867CF8C7A0?83
F8=6140CB
>A068=60=34438=6D551A40BC43)0=3?8?4A84C
8=2;D34B8=B42CBB?834AB0=3B443B+BD0;;H5>A064B
>=C746A>D=38=6A0BBH584;3BA0A4;H5>A064B14B834
F0C4A
A4438=60=3$4BC8=6D551A40BC43)0=3?8?4A>DAF78C41D55>A>;8E4466BF8C71A>F=1;>C274B0A4;083
>=C746A>D=38=0B<0;;2D?>5E464C0C8>=;8=43F8C76A0BB>A<>BB=2D10C8>=A0=64B5A><C>30HB
0=38B20AA843>DC1HC7454<0;4H>D=65;H0C01>DC30HB>;3
;867C&0CC4A=)F85C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0CD551A40BC43)0=3?8?4AA443B8=;0B:00=3
F4BC4A=0=0380=A2C82<86A0C8=6C7A>D67C74<83F4BC0=3>22DAA8=6
A0A4;H>=C74C;0=C82>A&0285822>0BCB&A454AA437018C0CB8=2;D34
6A0BB;0=3B0=3?A08A84B?;>F43584;3BCDA550A<BF4CA824584;3B=4BCB>=
A2C82CD=3A0
&=2062@'?F;46A2@@B/?B360<996@
.08#.AA2?;&A?6=21<?@A?2.821
2;4A5%.;42
0:6;
299F#.AA2?;&<961
*2645A
4<G
?2.@A#.AA2?;&<961
*6;4@=.;%.;42
0:
6;
?2216;4'F=2#?<:6@0B<B@
?2216;4#<=B9.A6<;(;0<::<;A<3.6?9F0<::<;
6?1@<3<96C.?#2;6;@B9.
(!!
&.;1=6=2?@&0<9<=.061.2
4=4A0;D=;8=#438D<B8I43B0=3?8?4AF8C7
1;02:BCA40:43A431A>F=D??4A?0ACB2>=B?82D>DB
1;02:14;;H?0C270=3BCA40:431A40BC*741;02:18;;
8B;>=60=3B;867C;H342DAE43"46B0=3544C0A41;02:
-034B8=B70;;>FB0=3DB4B18;;C>?A>140=3?82:D?
5>>3)F85C38A42C5;867CF8C7A0?83F8=6140CB
>A068=60=34438=6D=;8=84C2>=B8BCB>5
8=B42CB<0A8=4F>A<BB<0;;2ADBC0240=BB=08;B0=3
B<0;;58B7-034B8=B70;;>FB0=3DB4B8CB18;;C>
?A>140=3?82:D?5>>3?A>14BF8C70A0?83D?0=3
3>F=BC8C278=6<>C8>=
A4438=60=3$4BC8=6D=;8=>DA>;8E41;D46A44=>A1D55466B<0A:43F8C71A>F=0=36A0H0A4;0838=0
6A0BB2;D<?>=03AH7D<<>2:>=C74>?4=CD=3A0=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC
1H1>C7?0A4=CB
;867C&0CC4A=)F85C38A42C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0CD=;8=A443B5A><F4BC4A=0=3=>AC74A=;0B:0
40BCC>D3B>=0H)?4=3BF8=C4AB0;>=62>0BCB5A><B>DC74A=;0B:0
0=3#0BB027DB4CCBB>DC7F0A30;B>8=DA0B80$4BCB>=CD=3A00=3
F8=C4AB>=140274B<D35;0CBB0=35;0CB8=;0=3;0:4B0=3A8E4AB7>A4B
&=2062@.961?6@.9=6;.
2;4A5%.;42
0:6;
*2645A4
<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@
.08#.AA2?;&A?6=21<?@A?2.821
299F#.AA2?;&<961
?2.@A#.AA2?;&=<AA21<?@=208921
<=F?645A 6A05*.6A2?<B=
%'%,"*&
&.;1=6=2?@&0<9<=.061.2
4=4A0;A40C4A.4;;>F;46B"0A64B0=3?8?4AF8C7
<>CC;431A>F=6A0H0=3F78C4D??4A?0ACB
+=34A?0ACB0A4F78C4F8C730A:BCA40:BB?>CB8;;8B
B;867C;HD?CDA=43"46B0A4;>=60=31A867CH4;;>F
">=610AA43C08;0=3F78C4AD<?0A42>=B?82D>DB8=
5;867C)F85C38A42C5;867CB><4C8<4B0C6A40C74867CB
>A068=60=34438=6A40C4A.4;;>F;46B0CB
B<0;;0@D0C820=3C4AA4BCA80;8=E4AC41A0C4BB<0;;58B7
5A>6BB443B0=314AA84B>A064B8=B70;;>FF0C4A
0=3<D35;0CBB><4C8<4BB=0C274B8=B42CB>DC>5C74
08A
A4438=60=3$4BC8=6A40C4A.4;;>F;46B*7A44C>5>DA1A>F=0=36A0H1;>C27431D55466B0A4;0838=0
B;867C6A>D=334?A4BB8>=8=030<?>?4=B?>C66B0A48=2D10C435>A30HB1H1>C7?0A4=CB
;867C&0CC4A=-40:5;DCC4A8=6<>C7;8:45;867C
(0=640=3018C0CA40C4A.4;;>F;46BA443B5A><B>DC724=CA0;
;0B:0C>$4F5>D=3;0=3)?4=3BF8=C4AB<08=;H0;>=62>0BCB5A><
-0B78=6C>=)C0C40=3,8A68=80B>DC7F0A30=30;>=6C74D;52>0BC
A443B>=CD=3A00=3<0AB7H6A>D=35A4@D4=CB?>>;B;0:4B7>A4B0=3
C830;<D35;0CB>=<86A0C8>=
&=2062@'?6;4.:29.;<92B0.
2;4A5%.;420:
6;
*2645A
4<G
*6;4@=.;%.;420:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;.6?9F0<::<;
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?; <AA921
299F#.AA2?;&<961
?2.@A#.AA2?;&=<AA21<?@=208921
&'&!##%
&.;1=6=2?@&0<9<=.061.2
4=4A0;"40BC)0=3?8?4A)<0;;B0=3?8?4A
1A>F=B20;43D??4A?0ACBADBC1A>F=2A>F=A40BC
C7A>0C0A430A:B?>CC4314;;HD=34AC08;0A4F78C4
-8=6B70E4C78=F78C4BCA8?4BE8B81;48=5;867C;02:
;8=4>=AD<?4GC4=3B>=C>C08;"46B0=3544C0A4
H4;;>F6A44=)F85C38A42C5;867CF8C7A0?83F8=6
140CB
>A068=60=34438=6"40BC)0=3?8?4A443B>=
8=B42CBB443B0=30@D0C828=E4AC41A0C4B0;B>40CB
2ADBC0240=B<0A8=4F>A<B0=3<>;;DB:B>=C74
2>0BC+BD0;;H5443B8=02><<D=0;0A4038BC0=C5A><
=4BC8=66A>D=3B5>A064B1H6;40=8=60=3?A>18=6>=
<D35;0CB0=3140274B
A4438=60=3$4BC8=6"40BC)0=3?8?4A*7A44>A5>DA30A:1A>F=B?>CC43>;8E4?8=:>A1D55466B0A4;0838=
06A>D=334?A4BB8>=;8=43F8C76A0BB0=3<>BB=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1H
1>C7?0A4=CB
;867C&0CC4A=)F85C38A42C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0C"40BC)0=3?8?4AA443B5A><;0B:0C>"01A03>A
0=38=C7440BCB>DC7C>$>E0)2>C800=3A424=C;H#0BB027DB4CCB
)?4=3BF8=C4AB5A><C74B>DC74A=+)C>24=CA0;)>DC7<4A8200=3C74
-4BC=384BA4@D4=CBB0=3H140274B0=34G?>B43C830;5;0CB
&=2062@.961?6@:6;BA699.
2;4A5%.;42
0:6;
*2645A4<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@<9<;6.9
.08#.AA2?;&A?6=21<?@A?2.821
299F#.AA2?;&<961
?2.@A#.AA2?;&A?6=21<?@A?2.821
<=F?645A 6A05*.6A2?<B=
&&%,"*&
&.;1=6=2?@&0<9<=.061.2
4=4A0;"4BB4A.4;;>F;46B"0A64B0=3?8?4AF8C7
6A0H0=31;02:<>CC;43D??4A?0ACBF78C4D=34A?0ACB
0=3BCA40:43D??4A1A40BC0=3B834B8;;8BBCA0867C
0=3D=85>A<;H30A:6A0H-78C4;>F4AAD<?0=3
30A:10AA43C08;0A4E8B81;48=5;867C"46B0A4;>=6
0=3H4;;>F)F85C38A42C5;867CF8C7A0?83F8=6140CB
>A068=60=34438=6"4BB4A.4;;>F;46B443B>=
0@D0C828=B42CB0=3>C74A8=E4AC41A0C4BDBD0;;H
5>A064B>=<D35;0CB>A8=B70;;>FF0C4A
A4438=60=3$4BC8=6"4BB4A.4;;>F;46B*7A44C>5>DA1D55C>H4;;>F>A6A0H466BF8C71A>F=1;>C274B0A4
;083>=0?8;4>5;40E4B0=3E464C0C8>==40AF0C4A=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1H
1>C7?0A4=CB
;867C&0CC4A=)F85C38A42C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0C"4BB4A.4;;>F;46BA443B5A><F4BC4A=;0B:00=3
0=03040BCC>F4BC4A='D4142)?4=3BF8=C4AB>=2>0BCB5A><B>DC74A=
0;85>A=800=3,8A68=80B>DC7F0A30=30;>=6C74D;52>0BC&A454AA43
7018C0CB8=2;D342>0BC0;<D35;0CB?0=B0=3;06>>=B8=;0=3;0:4B?>=3B
A8E4ABB4F064F>A:B0=35;>>3436A0BB;0=3B
&=2062@'?6;4.39.C6=2@
2;4A5%.;420:
6;
*2645A4<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@<<@20<9<;62@
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?; <AA921
299F#.AA2?;&<961
?2.@A#.AA2?;&A?6=21<?@A?2.821
"!(%*
&.;1=6=2?@&0<9<=.061.2
4=4A0;">=618;;43DA;4F,4AH;0A64B0=3?8?4A
F8C71A>F=<>CC;43D??4A?0ACB1D551A>F=
D=34A?0ACBF8C730A:BCA40:B0=3B?>CB8;;8BE4AH
;>=6342DAE438==0<>=1A>F=D=34AF8=6BE8B81;4
8=5;867C443B1H?A>18=6<D3F8C718;;>A3D=:8=6
7403D=34AF0C4A8A42C5;867CBC403HBCA>=6F8=6
140CB
>A068=60=34438=6">=618;;43DA;4F443B>=
8=B42CBBD270B6A0BB7>??4AB144C;4B0=31DCC4A5;84B
F>A<B2ADBC0240=B0=3<>;;DB:B0;B>C0:4BB<0;;
E4AC41A0C4B8=2;D38=6C74466B0=3H>D=6>5>C74A
18A3B
A4438=60=3$4BC8=6">=618;;43DA;4F*7A44C>58E41A>F=0=3>;8E4B?>CC43?0;4>;8E41D55466B0A4
;0838=06A0BB;8=43=4BC1D8;C8=06A>D=37>;;>F=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1H
1>C7?0A4=CB
;867C&0CC4A=)C403HBCA>=6F8=6140CB8=38A42C5;867C
(0=640=3018C0C">=618;;43DA;4FA443B5A><B>DC74A=0=030C>
=>AC74A=0;85>A=80+C07=>AC74A=$4F#4G82>0=3*4G0B)?4=3B
F8=C4AB5A><0;85>A=80*4G0B">D8B80=0)>DC70A>;8=00=3;>A830
B>DC7F0A3A4438=67018C0C8=2;D34B?;08=B0=3?A08A84BDA8=6
<86A0C8>=5A4@D4=CB;0:40=3A8E4AB7>A4B<D35;0CBB0;C<0AB74B0=3
B0=3H140274B
&=2062@!B:2;6B@.:2?60.;B@
2;4A5%.;420:6;
*2645A4
<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@<9<;6.9
&2:60<9<;6.9
?2216;4#<=B9.A6<;*612@=?2.1
.08#.AA2?; <AA921
299F#.AA2?;&<961
?2.@A#.AA2?;&A?6=21<?@A?2.821
<=F?645A 6A05*.6A2?<B=
"!"*'%
&.;1=6=2?@&0<9<=.061.2
4=4A0;">=618;;43>F8C274A"0A64BC>2:H
B0=3?8?4AF8C730A:<>CC;43D??4A?0ACB30A:20?0=3
4H4BCA8?4B7>ACF78C44H41A>F0=3A431A>F=
D=34A?0ACBF8C7;867C;H10AA435;0=:B8;;8B;>=6
30A:0=330664A;8:4"46B0=3544C0A4H4;;>F6A44=
)F85C38A42C5;867CA0?83F8=6140CB
>A068=60=34438=6">=618;;43>F8C274A443B
?A8<0A8;H>=8=B42C;0AE0440AC7F>A<B2ADBC0240=B
<>BB?;0=C?0ACBB443B0=3B=08;B&A>14B8=B70;;>F
F0C4A0=3>=<D35;0CBF8C7050BCA4?4C8C8E4D?3>F=
<>C8>=>58CB18;;5A4@D4=C;H?;D=64B740314;>FC74
F0C4A
A4438=60=3$4BC8=6">=618;;43>F8C274A>DA1A>F=C>>;8E4466BF8C71A>F=0=36A0H1;>C274B0A4
;0838=0B70;;>F4;4E0C436A>D=3B2A0?4;8=43F8C76A0BB0=3<>BB>5C4=1D8;C=40AF0C4A66B0A4
8=2D10C435>A30HB0=38B20AA843>DC1H1>C7?0A4=CB3DA8=6C7458ABCF44:0=3C74=9DBC1HC74<0;4
;867C&0CC4A=)F85C38A42C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0C">=618;;43>F8C274AA443B8=F4BC4A=;0B:0
0=3=>AC7F4BC4A=0=030)?4=3BF8=C4AB0;>=6C742>0BC5A><
-0B78=6C>=0=3,8A68=80B>DC7C>D0C4<0;0DA8=61A4438=6B40B>=
;8E4B>=CD=3A05>D=3>=<D35;0CB<0AB74B0=34364B>55A4B7F0C4A
?>=3B0=3<0AB74B3DA8=6F8=C4A
&=2062@6:;<1?<:B@@0<9<=.02B@
2;4A5%.;420:
6;
*2645A4<G
*6;4@=.;%.;42
0:
6;
?2216;4'F=2 <;<4.:<B@&:.990<9<;62@
?2216;4#<=B9.A6<;<::<;A<B;0<::<;
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&A?6=21<?@A?2.821
299F#.AA2?;&<961
?2.@A#.AA2?;&0.921<?&0.99<=21
%"*'
&.;1=6=2?@&0<9<=.061.2
4=4A0;#0A1;43>3F8C"0A64B0=3?8?4AF8C7
1;02:<0A:4330A:1A>F=D??4A?0ACB;867C;H10AA43
274BC=DC1A>F=D=34A?0ACB">=6?8=:18;;70B1;02:
C8?8BB;867C;HD?2DAE43&0;41A>F=D=34AF8=6B
E8B81;48=5;867C443B>=2ADBC0240=B<>;;DB:B
F>A<B8=B42CBB443B14AA84B)F85C0=338A42C5;867C
>A068=60=34438=6#0A1;43>3F8C0CBF>A<B
<>;;DB:B2ADBC0240=B0=38=B42CB>A064B1H
?A>18=6>=<D35;0CB0=38=B70;;>FF0C4A0;B>270B4B
8=B42CB8=B7>A4;8=4E464C0C8>=
A4438=60=3$4BC8=6#0A1;43>3F8C*7A44C>58E46A44=C>>;8E4466B;867C;H<0A:43F8C71A>F=0A4;083
8=0B;867C6A>D=334?A4BB8>=;8=43F8C76A0BB=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1H
1>C7?0A4=CB
;867C&0CC4A=)CA>=638A42C5;867C
(0=640=3018C0C#0A1;43>3F8CA443B>=C7424=CA0;?;08=B5A><
)0B:0C274F0=C>#8==4B>C0)?4=3BF8=C4AB>=C742>0BC5A><0;85>A=80
0=3,8A68=80B>DC7F0A30=30;>=6C74D;52>0BCDA8=61A4438=6B40B>=
5>D=3>=6A0BBH?;08=B0=33DA8=6<86A0C8>=E8B8CBB0;C<0AB74BC830;
2A44:B<D35;0CB0=3B40140274B
&=2062@6:<@.321<.
2;4A5%.;420:
6;
*2645A4
<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@<<@20<9<;62@
?2216;4#<=B9.A6<;<::<;A<3.6?9F0<::<;
.08#.AA2?; <AA921
299F#.AA2?;.??21<?/.;121
?2.@A#.AA2?;.??21<?/.;121
<=F?645A 6A05*.6A2?<B=
#'"%&!##%
&.;1=6=2?@&0<9<=.061.2
4=4A0;&42C>A0;)0=3?8?4A#438D<B0=3?8?4AF8C7
B20;4330A:1A>F=D??4A?0ACB740E8;HBCA40:43
1A>F=1A40BC?;08=F78C414;;HA>F=4H4BCA8?40A4
30A:1A>F=08=CF8=610A0=31;02:AD<?F8C7
F78C44364B0A4E8B81;48=5;867C)F85C38A42C5;867C
F8C7A0?83F8=6140CB/86I06?0CC4A=F74=5;DB743
>A068=60=34438=6&42C>A0;)0=3?8?4A443B
<08=;H>=8=B42CB0;B>40CBB<0;;2ADBC0240=BB443B
0=3B?834AB
A4438=60=3$4BC8=6&42C>A0;)0=3?8?4A>DAF78C4C>>;8E41D55466B1;>C2743F8C730A:1A>F=0A4;083
8=02D?>56A0BB0=3;40E4B78334=>=C746A>D=34<0;48=2D10C4BC74466B5>AC>30HB
;867C&0CC4A=)F85C38A42C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0C&42C>A0;)0=3?8?4AA443B>=0A2C82CD=3A05A><
;0B:0C>D3B>=0H0;B>5>D=38=)814A80)?4=3BF8=C4AB8=)>DC7
<4A820&A454AA437018C0CB8=2;D34<0AB74B0=36A0BBH?>>;B
&=2062@.961?6@:29.;<A<@
2;4A5%.;420:6;
*2645A4<G
*6;4@=.;%.;42
0:
6;
?2216;4'F=2#?<:6@0B<B@
?2216;4#<=B9.A6<;.6?9F0<::<;A<0<::<;
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&A?6=21<?@A?2.821
299F#.AA2?;&<961
?2.@A#.AA2?;&A?6=21<?@A?2.821
#(%#&!##%
&.;1=6=2?@&0<9<=.061.2
4=4A0;&DA?;4)0=3?8?4A#438D<B0=3?8?4A
D??4A?0ACB0A4B20;436A0H1A>F=2A>F=8B30A:0=3
F78C4D=34A?0ACB0A4BCA40:438;;8B30A:F8C70
H4;;>F10B40=3B;867C;H342DAE43-8=6B70E4;0A64
F78C4BCA8?4BE8B81;48=5;867CC08;70B30A:24=CA0;
BCA8?401>E40=38BF78C414;>F
>A068=60=34438=6&DA?;4)0=3?8?4A&82:B5>>3
5A><A>2:B0<>=62A0B78=6F0E4B443B<08=;H>=
2ADBC0240=B8=B42CB0=3B<0;;<>;;DB:B
A4438=60=3$4BC8=6&DA?;4)0=3?8?4A"0HBC7A44C>5>DA>;8E41D55466B1;>C2743F8C71A>F=>A1;02:8=0
B<0;;7>;;>F8=C746A>D=3#0;4<0:4BD?C>=4BCB2A0?4B54<0;458=8B74B>=40=3<0H;8=48CF8C718CB>5
E464C0C8>==2D10C8>=C0:4B01>DCC>30HB0=38B20AA843>DC1H1>C7B4G4B.>D=65;H0C30HB
;867C&0CC4A=;84BBF85C;HF8C7B70;;>FF8=6140CB;>F>E4AF0C4A
(0=640=3018C0C&DA?;4)0=3?8?4AA443B>=A>2:HCD=3A08=50A
=>AC74A=0=030F8=C4AB>=A>2:HB7>A4;8=4B0;>=6C744=C8A4C;0=C82
>0BC
&=2062@.961?6@:.?6A6:.
2;4A5%.;420:6;
*2645A4<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
.08#.AA2?;&A?6=21<?@A?2.821
299F#.AA2?;&A?6=21<?@A?2.821
?2.@A#.AA2?;&A?6=21<?@A?2.821
<=F?645A 6A05*.6A2?<B=
%!"'
&.;1=6=2?@&0<9<=.061.2
4=4A0;(43!=>C#438D<B8I43B0=3?8?4AF8C7
1;02:1A>F=0=36A0HB20;43D??4A?0ACBA431A>F=
5024=42:1A40BC0=3B834B0=3F78C4;>F4A14;;H
-8=6BB7>FF78C410AB8=5;867C8;;8B1;02:0=3
B;867C;H2DAE430CB8=B42CB;0AE04<>;;DB:B0=3
2A01B)F85C38A42C5;867CF8C7A0?83F8=6140CB
>A068=60=34438=6(43!=>C443B>=<0A8=4
0=35A4B7F0C4A8=E4AC41A0C4BBD270B0@D0C828=B42CB
B<0;;<>;;DB:B0=3E0A8>DB:8=3B>5F>A<B0;B>40CB
B443B>A064B>=C746A>D=3?A>18=6B0=3H140274B
F8C78CB18;;
A4438=60=3$4BC8=6(43!=>C*7A44C>5>DA?0;4>;8E41D55466BB?>CC43F8C71A>F=0=31;02:0A4;0838=
06A>D=334?A4BB8>=;8=43F8C7;8274=B;40E4B0=3<>BBDBD0;;H1D8;C=40AF0C4A=2D10C8>=A0=64B5A><
C>30HB0=38B20AA843>DC1H1>C7?0A4=CB
;867C&0CC4A=)F85C38A42C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0C(43!=>CA443B>=8B;0=3B8=C740A2C82A468>=B>5
0=030)?4=3BF8=C4AB0;>=6&0285820=3C;0=C822>0BCB5A><0;85>A=80
0=3#0BB027DB4CCBB>DC7C>)>DC7<4A8200;B>5>D=38=DA>?40=3
B80$4BCB>=CD=3A05>D=3>=C830;5;0CBA>2:HB7>A4B0=3140274B
3DA8=6<86A0C8>=0=3F8=C4A
&=2062@.961?6@0.;BAB@
.08#.AA2?; <AA921
2;4A5%.;420:
6;
299F#.AA2?;&<961
*2645A
4<G
?2.@A#.AA2?;&<961
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@?24.?6<B@
?2216;4#<=B9.A6<;(;0<::<;A<3.6?9F0<::<;
6?1@<3<96C.?#2;6;@B9.
%(,'(%!&'"!
&.;1=6=2?@&0<9<=.061.2
4=4A0;(D33H*DA=BC>=4#438D<B0=3?8?4A
A431A>F=D??4A?0ACBF78C4AD<?0=3D=34A?0ACB
0240=31A40BC0A41;02:<0A:438;;8BB7>AC30A:
0=3B;867C;HD?CDA=43-8=6B70E40D=8@D41A>F=
1;02:0=3F78C4?0CC4A=E8B81;48=5;867C*08;8BF78C4
F8C71;02:C4A<8=0;10=3"46B0=3544C0A4>A0=64
>A068=60=34438=6(D33H*DA=BC>=4443B
<08=;H>=8=B42CB?0AC82D;0A;H<8364B0=3B><4?;0=C
<0C4A80;8=BD<<4A0CB<>;;DB:B2ADBC0240=B0=3
4E4=20AA8>=8=F8=C4A5>A064B>=B40B7>A4BCDA=8=6
>E4ABC>=4B0=3>C74A341A8BF8C78CB18;;
A4438=60=3$4BC8=6(D33H*DA=BC>=4*F>C>5>DA>;8E4C>>;8E41D55466B<0A:43F8C71A>F=0=31;02:
0A4;0838=06A>D=37>;;>F;8=43F8C718CB>56A0BB0=33403;40E4B>5C4=1D8;CD=34A0;>F1DB7=2D10C8>=
A0=64B5A><C>30HB0=38B20AA843>DC1H1>C7?0A4=CB
;867C&0CC4A=)F85C38A42C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0C(D33H*DA=BC>=4A443B>=2>0BC0;CD=3A08=
=>AC7F4BC4A=;0B:00=3>=8B;0=3B>50=0380=A2C82)?4=3BF8=C4AB
>=2>0BCB5A><>==42C82DC0=3%A46>=B>DC7F0A3C>C74D;5>0BC0;B>
5>D=38=DA0B80
&=2062@?2;.?6.6;A2?=?2@
2;4A5%.;420:
6;
*2645A
4<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@
.08#.AA2?;&A?6=21<?@A?2.821
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
&!%!
&.;1=6=2?@&0<9<=.061.2
4=4A0;)0=34A;8=6#438D<B8I43B0=3?8?4AF8C7
30A:B?>CC43AD5>DBD??4A?0ACB1A40BC0=3F78C4
D=34A?0ACB-8=6B70E42>=B?82D>DBF78C4BCA8?4B
E8B81;48=5;867C8;;;46B0=3544C0A41;02:443B
>=2ADBC0240=B<>;;DB:B8B>?>3BF>A<B?;0=CB0=3
8=B42CB)F85C38A42C5;867CF8C7A0?83F8=6140CB
>A068=60=34438=6)0=34A;8=6=B?A8=6384C
8=2;D34B8=B42CBB?834AB0=3E464C0C8>=?A>14B5>A
<0A8=48=E4AC41A0C4BF8C78=L8=27>5<D3BDA5024
A4438=60=3$4BC8=6)0=34A;8=6*7A44C>5>DA1;02:0=31A>F=B?>CC43>;8E46A44=>A1A>F=466B0A4
;0838=06A>D=37>;;>F;8=43F8C76A0BB0=3;8274=B=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC
1HC74<0;4
;867C&0CC4A=)F85C38A42C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0C)0=34A;8=6A443B8=7867A2C82CD=3A05A><;0B:0
40BCF0A3C>0558=B;0=3)?4=3BF8=C4AB0;>=62>0BCB5A><A8C8B7
>;D<1800=3#0BB027DB4CCBB>DC7F0A3C>B>DC74A=)>DC7<4A820
&A454AA437018C0CB8=2;D34>240=140274BB0=310AB<D35;0CB0=3;0:4
0=3A8E4AB7>A4;8=4B
&=2062@.961?6@.9/.
2;4A5%.;420:6;
*2645A
4<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@<9<;6.9
#<9F.;1?<B@
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&A?6=21<?@A?2.821
299F#.AA2?;&<961
?2.@A#.AA2?;&=<AA21<?@=208921
& # '&!##%
&.;1=6=2?@&0<9<=.061.2
4=4A0;)4<8?0;<0C43)0=3?8?4A)<0;;B0=3?8?4A
F8C7B20;436A0H1A>F=D??4A?0ACBF78C4D=34A?0ACB
0=358=4BCA40:B>=C741A40BC0=3B834B*741;02:18;;
8BB7>ACBC>DC0=3BCA0867C443B>=8=B42CBF>A<B
B<0;;<>;;DB:B0=32ADBC0240=B"46B0=3544C0A4
1;02:)F85C5;867C>=A0?83;H140C8=6F8=6B
>A068=60=34438=6)4<8?0;<0C43)0=3?8?4A
443B>=8=B42CB0=32ADBC0240=B5>A064B>=
<D35;0CB
A4438=60=3$4BC8=6)4<8?0;<0C43)0=3?8?4A*F>C>5>DA1A>F=1;>C2743F78C4C>>;8E41D55466B0A4
;0838=06A>D=37>;;>F;8=43F8C76A0BB=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1H1>C7
?0A4=CB4<0;4010=3>=BH>D=605C4A54F30HB8ABC5;867C8B0CC>30HB
;867C&0CC4A=)F85C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0C)4<8?0;<0C43)0=3?8?4AA443B8=;>F4AA2C82
A468>=B5A><F4BC4A=;0B:0C>"01A03>A#86A0C4BC7A>D67C748=C4A8>A
0=30;>=6C74C;0=C822>0BCC>A40278CBF8=C4A8=66A>D=3BF78274GC4=3
5A><C74B>DC74A=+)C>)>DC7<4A820&A454AA437018C0CB8=2;D34
B7>A4;8=4B0=3<D35;0CB
&=2062@.961?6@=B@699.
2;4A5%.;42
0:6;
*2645A
4
<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@
?2216;4#<=B9.A6<;.6?9F0<::<;A<0<::<;
.08#.AA2?;&A?6=21<?@A?2.821
299F#.AA2?;&<961
?2.@A#.AA2?;&A?6=21<?@A?2.821
<=F?645A 6A05*.6A2?<B=
&"%'"*'%
&.;1=6=2?@&0<9<=.061.2
4=4A0;)7>AC18;;43>F8C274AA4438=63D;C
"0A64B0=3?8?4AD??4A?0ACB<>CC;436A0H1;02:
1A>F=0=3A431A>F=F78C4AD<?A431A>F=
D=34A?0ACBF8C7740EHB?>CB0=310AB40BC0=3F4BC
2>0BC18A3B70E4740E84A10AA430=3B?>CC43?0;4A
D=34A?0ACB0=3>5C4=B7>FF78C414;;84B)CA>=6
38A42C5;867C
>A068=60=34438=6)7>AC18;;43>F8C274A84C
2>=B8BCB<>BC;H>58=B42CB1DC0;B>40CB466B>5:8=6
0=37>AB4B7>42A01B?A>14B<D31H90118=68CB;>=6
18;;D?0=33>F=
A4438=60=3$4BC8=6)7>AC18;;43>F8C274A>DA1A>F=B?42:;431D556A44=>A1A>F=466B0A4;0838=0
6A>D=334?A4BB8>=;8=43F8C76A0BB0=3<>BB66B0A48=2D10C435>A30HB1HC7454<0;4
;867C&0CC4A=)CA>=6?>F4A5D;38A42C5;867C
(0=640=3018C0C)7>AC18;;43>F8C274AA443B8=B>DC74A=;0B:0
24=CA0;8=C4A8>A0=0300=3=>AC74A='D4142)?4=3BF8=C4AB0;>=6
2>0BCB>50;85>A=800=3,8A68=80B>DC7F0A3&A454AA437018C0CB8=2;D34
<D35;0CB2A44:BB0;C<0AB74B0=3C830;4BCD0A84B
&=2062@6:;<1?<:B@4?6@2B@
2;4A5%.;420:
6;
*2645A
4<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@<9<;6.9
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&A?6=21<?@A?2.821
299F#.AA2?;&<961
?2.@A#.AA2?;&=<AA21<?@=208921
&"'%,&!##%
&.;1=6=2?@&0<9<=.061.2
4=4A0;)>;8C0AH)0=3?8?4A#438D<B0=3?8?4A
?0;4B?>CC4330A:1A>F=102:0=3AD<?F78C4
D=34A?0ACBF8C7BCA40:B>==42:0=3B834B4038B
30A:4H4A8=68B1>;3F78C4*08;8B1;02:F8C7
2>=B?82D>DB1;02:0=3F78C410AA434364B8;;;46B
0=3544C0A4>;8E46A44=8A42C5;867C8B;867C0=3
1>DH0=C
>A068=60=34438=6)>;8C0AH)0=3?8?4A443B
<>BC;H>=C4AA4BCA80;0=30@D0C828=B42CBB?834AB
5A>6BF>A<B0=32ADBC0240=B>A064B8=B70;;>F
F0C4AF8C78CB?;801;4B4=B8C8E4C8??4318;;F034BC>
1A40BC;4E4;0=302C8E4;H?82:B0=3901B0C?A4H
A4438=60=3$4BC8=6)>;8C0AH)0=3?8?4A>DAC>58E4>;8E4466B<0A:43F8C71A>F=0A4;0838=0=
010=3>=43(DBCH;02:18A3>74<80=-0GF8=6A0H 0H>A<4A820=(>18==4BC>220B8>=0;;H1D8;3B
>F=2D?B70?43=4BC=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4.>D=65;H0C
C>30HB
;867C&0CC4A="867C1D>H0=CBF0;;>F;8:438A42C5;867C%5C4=I86I06B>=C0:4>55
(0=640=3018C0C)>;8C0AH)0=3?8?4AA443B8=F>>343=>AC7;0=3>5
0=0300=3;0B:0)?4=3BF8=C4AB5A><C74B>DC74A=BC0C4B0=3C74-4BC
=384BB>DC7C>24=CA0;)>DC7<4A820&A454AA437018C0CB8=2;D34BF0<?H
<0A68=B>51A02:8B7?>>;B5A4B7F0C4A?>=3B0=3F>>3;0=3BCA40<B
&=2062@'?6;4.@<96A.?6.
2;4A5%.;420:6;
*2645A4
<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@
?2216;4#<=B9.A6<;.6?9F0<::<;<;/?2216;4
4?<B;1@
.08#.AA2?;&=<AA21<?@=208921
299F#.AA2?;&<961
?2.@A#.AA2?;&A?6=21<?@A?2.821
<=F?645A 6A05*.6A2?<B=
&#"''&!##%
&.;1=6=2?@&0<9<=.061.2
4=4A0;)?>CC43)0=3?8?4A#438D<B0=3?8?4A
>;8E41A>F=D??4A?0ACBF78C4D=34A?0ACBF8C71>;3
1;02:B?>CBH4BCA8?48BF78C4-8=6B70E4F78C4
BCA8?4BE8B81;48=5;867C*08;8B10AA43D;;H4;;>F
;46B">F38A42C5;867CF8=6B5;0?8=B70;;>F0A2B
?A>3D28=62;8??43BC855F8=6140CB>=3A>>?8=6
F8=6B
>A068=60=34438=6)?>CC43)0=3?8?4A0CB
8=B42CB58B7F>A<B<>;;DB:B2ADBC0240=B0=3
B?834AB>A064B>=C746A>D=3>A8=B70;;>FF0C4A
>5C4=38?B8CB5>>38=C74F0C4A145>A440C8=6
A4438=60=3$4BC8=6)?>CC43)0=3?8?4A*7A44C>58E41A>F=6A44=?8=:>A1D55466B1;>C2743F8C7
1A>F=0A4;0838=06A>D=334?A4BB8>=;8=43F8C76A0BB>A<>BB=2D10C8>=A0=64B5A><C>30HB0=38B
20AA843>DC1HC74<0;4
;867C&0CC4A=8A42C5;867C;>F>E4AF0C4A
(0=640=3018C0C)?>CC43)0=3?8?4AA443B5A><=>AC74A=;0B:00=3
0=03002A>BB<>BC>5C742>=C8=4=CC>B>DC74A=+))?4=3BF8=C4AB
0;>=6C74&0285822>0BCB>DC75A><A8C8B7>;D<1800=302A>BBB>DC74A=
BC0C4BB>DC7C>)>DC7<4A820&A454AA437018C0CB8=2;D34?>=3BBCA40<B
0=3>C74AF0C4AF0HB1>C78=;0=30=30;>=62>0BCB
&=2062@0A6A6@:.0B9.?6.
2;4A5%.;42
0:6;
*2645A4
<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
#<9F.;1?<B@
?2216;4#<=B9.A6<;*612@=?2.1
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;.??21<?/.;121
299F#.AA2?;&=<AA21<?@=208921
?2.@A#.AA2?;&=<AA21<?@=208921
&''&!##%
&.;1=6=2?@&0<9<=.061.2
4=4A0;)C8;C)0=3?8?4A#438D<B0=3?8?4AF8C7
6A0H1A>F=D??4A?0ACBF78C4AD<?740E8;H10AA43
F78C4D=34A?0ACB40370B030A:20?F78C4
4H41A>FB0=31A>F=40A?0C274B8;;8B;>=61;02:
0=32DAE433>F=0CC8?"46B0A4;>=60=36A0H6A44=
&>F4A5D;38A42C5;867C>=;>=6A0?83;H140C8=6F8=6B
>A068=60=34438=6)C8;C)0=3?8?4A443B>=
8=B42CBB<0;;B=08;B0=3B<0;;B443B5>A064B1H
?A>18=68=B>5C<D3>=<D35;0CB>AF78;4F038=68=
B70;;>FF0C4A
A4438=60=3$4BC8=6)C8;C)0=3?8?4A>DA2A40<?0;46A44=>A>;8E4466BB?>CC43F8C71A>F=0A4;0838=0
6A>D=3=4BC<034>56A0BB0=31D8;C8=0A4;0C8E4;H>?4=0A40>=3AHCD=3A0>220B8>=0;;H=4BCB=4GCC>0
B7AD1=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1H1>C7?0A4=CB.>D=65;H0CC>30HB
;867C&0CC4A=)CA>=638A42C5;867CF8C7?>F4A5D;A0?83F8=6140CB
(0=640=3018C0C)C8;C)0=3?8?4AA443B5A><=>AC740BC4A=;0B:0C>
=>AC740BC4A=#0=8C>100=3=>AC74A=<>BC%=C0A8>)?4=3BF8=C4AB8=
)>DC7<4A8200=320BD0;;H=>AC7C>;>A8300=3B>DC74A=0;85>A=80
&A454AA437018C0CB8=2;D34B4364<403>FB8=C4AAD?C431H>;314027
A8364B4B:4AB>A>C74A4;4E0C430A40B3><8=0C431H3F0A518A27740C7B
F8;;>FB2A>F14AA84B0=33AH03B
&=2062@.961?6@56:.;A<=B@
2;4A5%.;42
0:6;
*2645A4
<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@
.08#.AA2?;&0.921<?&0.99<=21
299F#.AA2?;.??21<?/.;121
?2.@A#.AA2?;.??21<?/.;121
<=F?645A 6A05*.6A2?<B=
(#!&!##%
&.;1=6=2?@&0<9<=.061.2
4=4A0;+?;0=3)0=3?8?4A"0A6418A330A:B?>CC43
1A>F=D??4A?0ACB1;02:AD<?-78C4278==42:
C7A>0CA40BC0=3B834BBCA40:43F8C730A:274EA>=B
F78C414;;H0A:20?F78C44H4A8=6B8;;8BC78=
>;8E41A>F=342DAE430CC8?-4364B70?43C08;70B
30A:24=C4A0=310AA434364BE8B81;48=5;867C
>A068=60=34438=6+?;0=3)0=3?8?4A443B>=
8=B42CB24=C8?434B<8;;8?434BB?834AB40AC7F>A<B
0=3B=08;B>220B8>=0;;H40CBF0BC46A08=B0=3>C74A
B443B
A4438=60=3$4BC8=6+?;0=3)0=3?8?4A>DA?0;41D55C>?8=:1D55466BB?42:;43F8C7A431A>F=0A4;083
8=06A>D=334?A4BB8>=;8=43F8C73AH6A0BB=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1H1>C7
?0A4=CB.>D=65;H0C01>DCC>30HB
;867C&0CC4A=)F85C38A42C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0C+?;0=3)0=3?8?4AA443B5A><24=CA0;#08=4F4BC
C7A>D670=030C>B>DC74A=;0B:0B>DC740BCC>=>AC74A=+C07
=>AC7F4BC4A=%:;07><00=3=>AC74A=*4G0B0=340BCC>24=CA0;
*4==4BB44,8A68=800=3#0AH;0=3)?4=3BF8=C4AB8=)>DC7<4A820
5A><B>DC74A=A0I8;C>B>DC724=CA0;A64=C8=0&A454AA437018C0CB
8=2;D34;0A6450;;>F584;3B?0BCDA4B0=36A0BBH0A40B
&=2062@.?A?.:6.9<;460.B1.
2;4A5%.;420:
6;
*2645A
4<G
*6;4@=.;%.;42
0:
6;
?2216;4'F=2 <;<4.:<B@<<@20<9<;62@
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&A?6=21<?@A?2.821
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
*&'%!&!##%
&.;1=6=2?@&0<9<=.061.2
4=4A0;-4BC4A=)0=3?8?4A)<0;;B0=3?8?4A
274BC=DC1A>F=B20;43D??4A?0ACBF78C4D=34A?0ACB
3>CC43F8C7A>FB>530A:274EA>=B403BCA40:43
F8C71A>F=F0B7>=50248;;8B30A:0=3342DAE430C
C8?*78=F78C4BCA8?4BE8B81;4>=30A:F8=6B8=5;867C
;02:;46B0=3544C?0AC80;F4118=614CF44=C>4B
>A068=60=34438=6-4BC4A=)0=3?8?4A84C
2>=B8BCB>5B<0;;2ADBC0240=B<8==>FB40AC7F>A<B
0=30@D0C828=B42CB&A>14B<D35;0CB0=3B70;;>FB5>A
?A4H
A4438=60=3$4BC8=6-4BC4A=)0=3?8?4A*7A44C>58E4A431A>F=B?>CC431D55466B0A4;0838=0
6A0BB;8=4334?A4BB8>=>=48C74AF4C>A3AHCD=3A0=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1H
1>C7?0A4=CB
;867C&0CC4A=)F85C38A42C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0C-4BC4A=)0=3?8?4AA443B8==>AC74A=0=3F4BC4A=
;0B:0)?4=3BF8=C4AB<08=;H0;>=6C742>0BC5A><0;85>A=800=3
,8A68=80B>DC7F0A3C>)>DC7<4A820&A454AA437018C0CB8=2;D34B7>A4B
<D35;0CB6A0BBH?>>;B0=3F4C<403>FB
&=2062@.961?6@:.B?6
2;4A5%.;42
0:6;
*2645A4<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@<9<;6.9
?2216;4#<=B9.A6<;<::<;A<./B;1.;A
.08#.AA2?;&A?6=21<?@A?2.821
299F#.AA2?;&<961
?2.@A#.AA2?;&A?6=21<?@A?2.821
<=F?645A 6A05*.6A2?<B=
* %
&.;1=6=2?@&0<9<=.061.2
4=4A0;-78<1A4;"0A64;>=6;46643B0=3?8?4A
1A>F=0=3F78C4<>CC;43D??4A?0ACB0=31D55
D=34A?0ACBF8C7508=CBCA40:B>=B834B0=35;0=:B
A>F=8BF78C4BCA8?431;02:0=3=42:8B;>=60=3
BCA40:438;;8B;>=61;02:0=3342DAE43*08;0=3
AD<?0A41A>F=0=31;02:10AA43"46B0=3544C0A4
1;D46A0H
>A068=60=34438=6-78<1A4;443B>=8=B42CB
B=08;BB;D6B2A01BB7A8<?<>;;DB:B0=3F>A<B
&A>14B344?;H8=C><D30=3<>E4B0B8C5443B;B>
?82:B>555>>35>D=3>=C746A>D=3)><4C8<4BC0:4B
;0A64?A4HC40A8=68C8=C>?8424BB<0;;4=>D67C>40C
A4438=60=3$4BC8=6-78<1A4;*7A44C>58E4>;8E4C>1D55466BC8=C43F8C71A>F=0=3;0E4=34A0A4;0838=
0B70;;>F34?A4BB8>=;8=43F8C7B>5C6A0BB4B<>BB4B0=3;8274=B>C7?0A4=CB8=2D10C4C74466B5>A01>DC
30HB
;867C&0CC4A=8A42C5;867CF8C7BCA>=650BCF8=6140CB
(0=640=3018C0C-78<1A4;A443B8=C74A2C820=3F8=C4AB8=
5A820B>DC74A=$>AC7<4A820)>DC7<4A8200=3B>DC7B80
&A454AA437018C0CB8=2;D34CD=3A0<0AB74B?A08A84BB7>A4;8=4B0=3<D3
5;0CB
&=2062@!B:2;6B@=5.2<=B@
2;4A5%.;420:
6;
*2645A4
<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@<<@20<9<;62@
?2216;4#<=B9.A6<;.6?9F0<::<;
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&=<AA21<?@=208921
299F#.AA2?;&=<AA21<?@=208921
?2.@A#.AA2?;&=<AA21<?@=208921
*'%( #&!##%
&.;1=6=2?@&0<9<=.061.2
4=4A0;-78C4AD<?43)0=3?8?4A)<0;;B0=3?8?4A
1A>F=0=31;02:B20;43D??4A?0ACB38BC8=2CF78C4
AD<?$42:0=3D??4A1A40BC0A4F78C4F8C71A>F=
BCA40:B)CA40:43740370BF78C44H41A>FB30A:
4H4BCA8?4B*78=F78C4BCA8?4B>=30A:F8=6BE8B81;48=
5;867C*08;8BA>D=3430=31;02:0A:;46B0=3544C
>A068=60=34438=6-78C4AD<?43)0=3?8?4A
443B>=8=B42CB<0A8=4F>A<B<>;;DB:B
2ADBC0240=B;40274BB443B0=3>C74AE464C0C8>=
A4438=60=3$4BC8=6-78C4AD<?43)0=3?8?4A*7A44C>5>DA1A>F=<0A:43>;8E4C>;867C6A44=466B0A4
;0838=06A>D=3=4BC<034>5;8274=B<>BB0=3;40E4B=2D10C8>=A0=64B5A><C>30HB0=38B20AA843
>DC1HC7454<0;4.>D=65;H0CC>30HB
;867C&0CC4A=)CA>=638A42C5;867CF8C7344?A0?83F8=6140CB
(0=640=3018C0C-78C4AD<?43)0=3?8?4AA443B8==>AC74A=;0B:0
0=30=0380=A2C82">=638BC0=24<86A0=CF8=C4A8=60B50AB>DC70BC74
>DC4A8B;0=3B>5=C0A2C820DA8=6<86A0C8>=5>D=38=<D35;0CB5;>>343
584;3BB70;;>F<0AB74B140274B0=3B0=310AB
&=2062@.961?6@3B@060<996@
2;4A5%.;42
0:6;
*2645A4
<G
*6;4@=.;%.;42
0:
6;
?2216;4'F=2#<9F4.:<B@
?2216;4#<=B9.A6<;.6?9F0<::<;
.08#.AA2?;&A?6=21<?@A?2.821
299F#.AA2?;&<961
?2.@A#.AA2?;&A?6=21<?@A?2.821
<=F?645A 6A05*.6A2?<B=
*'
&.;1=6=2?@&0<9<=.061.2
4=4A0;-8;;4C"0A64B0=3?8?4AF8C7<>CC;43
6A0H1A>F=D??4A?0ACBF78C4AD<?0=3;867C;H
BCA40:430=310AA43F78C4D=34A?0ACBA>03F78C4
BCA8?4B>=1;02:F8=6B0A4E8B81;48=5;867C*08;8B
F78C4F8C730A:1A>F=C8?"46B0A41;D46A0H;867C
8BB7>AC0=3;>F0;C4A=0C4BA0?83F8=6140CBF8C7
6;834B
>A068=60=34438=6-8;;4C443B>=<>;;DB:B
2ADBC0240=B8=B42CB0=3B<0;;58B75>A064B1H
?82:8=65>>35A><B70;;>FB0=3?A>18=6<D3F8C7C8?
>58CB18;;
A4438=60=3$4BC8=6-8;;4C>DAC>58E41A>F=<0A:436A0HC>?0;4>;8E4466B0A4;0838=0=4BC;8=43
F8C7F443B>A18CB>5B74;;1D8;C8=034?A4BB8>=>=>?4=6A>D=3>A8=06A0BB2;D<?=2D10C8>=A0=64B5A><
C>30HB0=38B20AA843>DC1H1>C7?0A4=CB
;867C&0CC4A=)7>AC;>F5;867CF8C7B4A84B>5A0?83F8=6140CB
(0=640=3018C0C-8;;4CA443B5A><24=CA0;0=030C>=>AC740BC4A=
0;85>A=800=3$4E0300=30;>=6C74C;0=C820=3D;52>0BCBB>DC75A><
$>E0)2>C80)?4=3BF8=C4AB0;>=62>0BCB5A><%A46>=0=3C740A>;8=0B
B>DC7F0A3&A454AA437018C0CB8=2;D34<D310=:BC834B2>0BCB0=3
2>0BC0;;06>>=B
&=2062@.A<=A?<=5<?B@@2:6=.9:.AB@
2;4A5%.;42
0:
6;
*2645A
4<G
*6;4@=.;%.;42
0:
6;
?2216;4'F=2 <;<4.:<B@&2:60<9<;6.9
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?; <AA921
299F#.AA2?;&<961
?2.@A#.AA2?; <AA921
*&"!&#%"#
&.;1=6=2?@&0<9<=.061.2
4=4A0;-8;B>=B&70;0A>?4#438D<B0=3?8?4A
6A0H1A>F=D??4A?0ACBA431A>F=BCA40:B>=102:
B7>D;34AB-78C4D=34A?0ACBF8C7A431A>F=<0A:8=6B
>=D??4AB834BA0H2A>F=F78C450241;02:4H4;8=4
C70C2>=C8=D4B3>F==42:;02:=443;4;8:418;;A0H
F8=6BF8C730A:5;867C540C74AB-78C4C08;AD<?
>A068=60=34438=6-8;B>=B&70;0A>?4443B>=
;0AE04>5<>B@D8C>4B0=32A0=45;84B1A8=4B7A8<?
0=3B443B>5E0A8>DB0@D0C82?;0=CB4=4A0;;H5>A064B
1H?A>18=6<D3F8C78CB18;;0;B>5>A064BF78;4
BF8<<8=6B><4C8<4B8=28A2;4BC>2A40C40E>AC4G
1A8=68=6B<0;;8=E4AC41A0C4BC>C74BDA5024
A4438=60=3$4BC8=6-8;B>=B&70;0A>?4>DA1D55466BF8C71A>F=1;>C274B0A4;0838=06A>D=3B2A0?4
;8=43F8C758=46A0BB=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC74<0;4
;867C&0CC4A=)F85C38A42C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0C-8;B>=B&70;0A>?4A443B8=F4C;0=3BB20CC4A43
C7A>D67>DC8=C4A8>AF4BC4A=$>AC7<4A8200=3F8=C4AB8=)>DC7<4A820
&A454AA437018C0CB8=2;D346A0BBH1>A34AB>5B70;;>F;0:4B<0AB74B
A4B4AE>8AB0=38=;0=3B0;CF0C4A;0:4B>D=38=8=;0=3B0;8=4;0:4B>5
A64=C8=0>;8E8078;40=3&4AD3DA8=6F8=C4A
&=2062@#5.9.?<=B@A?60<9<?
.08#.AA2?;&<961
2;4A5%.;420:6;
299F#.AA2?;&<961
*2645A4<G
?2.@A#.AA2?;&<961
*6;4@=.;%.;42
0:
6;
?2216;4'F=2<<@20<9<;62@ .F/2=<9F4.:<B@
?2216;4#<=B9.A6<;2096;6;4@9645A9F/B;1.;AA<
C2?F0<::<;
<=F?645A 6A05*.6A2?<B=
*&"!&&!#
&.;1=6=2?@&0<9<=.061.2
4=4A0;-8;B>=B)=8?4#438D<B0=3?8?4A1A>F=
0=31;02:<>CC;43D??4A?0ACB1D55BCA8?4B>=102:
-78C4D=34A?0ACB30A:10AB>=B834B5;0=:B40E8;H
BCA40:437403=42:1A40BC.4;;>F6A44=;46B544C
>A<4A;H2>=B834A430BD1B?4284B>5C74><<>=
)=8?4F782770BC08;540C74ABC>C74-8;B>=B
>A068=60=34438=6-8;B>=B)=8?4443B>=
8=B42CB0=340AC7F>A<BC0:4=5A><<D31H?A>18=6
F8C78CB;>=618;;
A4438=60=3$4BC8=6-8;B>=B)=8?4>DA>;8E4C>1A>F=466BF8C71A>F=B?;>C274B0=3B?>CB0A4;0838=0
6A>D=3B2A0?4;8=43F8C76A0BB=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=/86I065;867C>=C0:4>555>;;>F431H38A42C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0C-8;B>=B)=8?4A443B8==>AC74A=+)0=30=030
)?4=3BF8=C4AB0B50AB>DC70B=>AC74A=)>DC7<4A820&A454AB
5A4B7F0C4A<0AB74B0=3BF0<?B5A4@D4=CB>?4=;0=3B20?4B
&=2062@.996;.4<4.996;.4<
2;4A5%.;420:
6;
*2645A
4<G
*6;4@=.;%.;42
0:
6;
?2216;4'F=2&<96A.?F;2@A2?
?2216;4#<=B9.A6<;2096;6;4
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&A?6=21<?@A?2.821
299F#.AA2?;&<961
?2.@A#.AA2?;&A?6=21<?@A?2.821
&
%
B99@'2?;@&86::2?@.?61.2
4=4A0;;02:):8<<4A%33;>>:8=6C4A=;8:418A3
F8C71;02:D??4A?0ACB0=3F78C4D=34A?0ACBA867C
A4318;;F8C71;02:C8?;>F4A<0=381;4;>=64AC70=
D??4A">=6B;8<F8=6B0A430A:01>E40=3
B8;E4A6A0H14;>F*08;8BF78C4F8C71;02:24=CA0;
540C74AB"46B544C0A4A438A42C5;867C
>A068=60=34438=6;02:):8<<4A443B>=58B7
0=3B7A8<?>A064B1H5;H8=6;>FF8C7>?4=18;;
38??8=6C74;>F4A<0=381;48=C>C74F0C4A0=3B;828=6
C7A>D67C74BDA5024D?>=B4=B8=6058B7C7418A3
B=0?B8CBD??4A18;;B7DCB48I8=68CB?A4H
A4438=60=3$4BC8=6;02:):8<<4A>DAC>58E41;D4>A?8=:466BF8C71A>F=;0E4=34A0=36A0H<0A:B
0A4;0838=0B8<?;4B2A0?4>=C746A>D=3>A34?A4BB8>=8=E464C0C8>==2D10C8>=A0=64B5A><C>30HB
0=38B20AA843>DC1H1>C7?0A4=CB
;867C&0CC4A=D>H0=C6A0245D;5;867CF8C7=40A;H2>=BC0=CF8=6140CB
(0=640=3018C0C;02:):8<<4AA443B0;>=6C;0=C820=3D;5
2>0BCB5A><#0BB027DB4CCB0=3">=6B;0=3C>;>A8300=3*4G0B)?4=3B
F8=C4AB=>AC7C>B>DC74A=0;85>A=800=3,8A68=800;B>8=4=CA0;0=3
)>DC7<4A820&A454AA437018C0CB8=2;D34B0=3H>A6A0E4;;H10AB0=3
140274BB70;;>F10HB4BCD0A84B0=3B0;C<0AB7?>>;B
&=2062@%F;05<=@;642?
2;4A5%.;420:
6;
*2645A4
<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@&:.990<9<;62@
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
'%!
B99@'2?;@&86::2?@.?61.2
4=4A0;;02:*4A=)<0;;C4A=F8C71;02:740318;;
0=3D=34A?0ACB02:F8=6B0=3C08;0A4B8;E4A6A0H
,4=C8BF78C4;46B0=3544C0A430A:A431DC<0H
0??40A1;02:>DH0=C38A42C5;867CF8C7344?A0?83
F8=6140CB7>E4AB5>A8=B42CB+=4E4=5>A068=6
5;867C&;D=6438E4B>=>220B8>=
>A068=60=34438=6;02:*4A=443B>=8=B42CB
2A0H58B7B<0;;<>;;DB:B0=358B7>A064B1HB48I8=6
?A4H0C>A=40AC74F0C4ABDA502430AC8=6@D82:;H8=C>
C74F0C4A5A><C7408AF8C7C7418;;?>8=C433>F=0;B>
20C274B8=B42CB8=08A4B?4280;;H3DA8=6BF0A<B
A4438=60=3$4BC8=6;02:*4A=*F>C>5>DA1D55C>>;8E4466BF8C71;02:1A>F=0=36A44=1;>C274B0A4
;0838=05;>0C8=6=4BC<034>53403?;0=CB$4BC8BB><4C8<4B1D8;C>=C>?>50<DB:A0C7>DB4=2D10C8>=
A0=64B5A><C>30HB0=38B20AA843>DC1H1>C7?0A4=CB
;867C&0CC4A=D>H0=C5;867CF8C7BC403H50BCF8=6140CB
(0=640=3018C0C;02:*4A=$4BCB02A>BB=>AC74A=+)0=3B>DC74A=
0=030B?4=3BF8=C4AB8=)>DC7<4A820&A454AA437018C0CB8=2;D34
;0:4B?>=3B<0AB74B0=32>0BC0;0A40B
&=2062@5961<;6.@;642?
2;4A5%.;420:
6;
*2645A4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@<9<;6.9
?2216;4#<=B9.A6<;<::<;A<3.6?9F0<::<;
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
"!#%'&(
B99@'2?;@&86::2?@.?61.2
4=4A0;>=0?0AC4BD;;#438D<6D;;F8C71;02:
74030=318;;6A0H102:0=3F8=6BF78C4D=34A?0ACB
0=3C08;-78C4>DC4A?A8<0A84BF8C71;02:CA08;8=6
4364B0A4E8B81;48=5;867C"46B0A4A43>A0=64
0C274B58B71HF038=60=338E8=6"867C0=338A42C
5;867CF8C7A0?83F8=6140CC4A=;8:4
>A068=60=34438=6>=0?0AC4BD;;443B
<>BC;H>=8=B42CB?82:435A><C74F0C4ABDA5024>A
A>CC8=6E464C0C8>=0;>=6B7>A4;8=4B3DA8=61A4438=6
B40B>=84CB785CBC>B<0;;58B72ADBC0240=B<0A8=4
F>A<B0=3>C74A8=E4AC41A0C4B8=F8=C4A>A064B1H
?82:8=65>>35A><C74F0C4ABDA5024F78;4BF8<<8=6
>A5;H8=6F8C730=6;8=6544C0;B><0:4BB70;;>F
?;D=6438E4B
A4438=60=3$4BC8=6>=0?0AC4BD;;*F>C>5>DA1A>F=1;>C2743>;8E4C>1D55466B0A4;0838=0=4BC
<034>5BC82:B0=3CF86B;8=43F8C76A0BB0=3<>BB0=31D8;C=40A>A>E4AF0C4ACH?820;;H1D8;3B=4BC8=0
CA44A0C74AC70=>=C746A>D=3>C7?0A4=CB8=2D10C4466B5>A30HB
;867C&0CC4A="867C1D>H0=C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0C>=0?0AC4BD;;A443B02A>BB=>AC74A=$>AC7
<4A8205A><F4BC4A=;0B:0C>D3B>=0H)?4=3BF8=C4AB0;>=6
C;0=C820=3&0285822>0BCB0=3D;5>5#4G82>&A454AA437018C0CB8=2;D34
;0A64;0:4BA8E4AB0=3<0AB7;0=3B
&=2062@.?B@=569.129=56.
.08#.AA2?;&<961
2;4A5%.;420:
6;
299F#.AA2?;&<961
*2645A
4<G
?2.@A#.AA2?;&<961
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?&:.99
0<9<;62@
?2216;4#<=B9.A6<;&A./92.;10<::<;
<=F?645A 6A05*.6A2?<B=
&#!'%!
B99@'2?;@&86::2?@.?61.2
4=4A0;0B?80=*4A="0A64BC>2:HC4A=F8C7?0;4
6A0HD??4A?0ACBF78C4D=34A?0ACB0?8B1;02:0=3
<0H0??40AF40:;H2A4BC43;0A6418;;8B2>A0;A43
+=34AB834B>5?A8<0A84B0A46A0H*08;8BF78C4
A4;0C8E4;HB7>AC0=3B;867C;H5>A:43;46B0A41;02:
>E4AB01>E4F0C4A145>A438E8=6
>A068=60=34438=60B?80=*4A=0CB<>BC;H
58B7BD270B<D;;4C0=3<4=7034=&;D=6438E4B>A
20C274B58B70CBDA5024F78;45;H8=601>E4BC40;B5>>3
5A><>C74A18A3B
A4438=60=3$4BC8=60B?80=*4A=%=4C>58E41A>F=<0A:43?8=:1D55466B0A4;0838=0B70;;>F
34?A4BB8>=8=B0=3>5C4=;8=43F8C7B74;;5A06<4=CB0=36A0BB=2D10C8>=A0=64B5A><C>30HB0=38B
20AA843>DC1H1>C7?0A4=CB
;867C&0CC4A=)CA>=65;867C)F85C6A0245D;5;867C
(0=640=3018C0C0B?80=*4A=A443B8=B20CC4A432>;>=84B5A><
#02:4=I84A40C"0:4B0=3$4F5>D=3;0=3B>DC7C>C74D;52>0BC0=3
0900;85>A=80)?4=3BF8=C4AB=>AC7C>0;85>A=800=3$>AC70A>;8=0
;B>1A443B8=DA0B805A8200=3DBCA0;80&A454AA437018C0CB8=2;D34
B0=3H>A?411;HB7>A4B>5;0:4B0=3;0A64A8E4AB0=30;>=62>0BCB
&=2062@F1?<=?<4;20.@=6.
2;4A5%.;420:
6;
*2645A4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@<9<;6.9%.?29F
@<96A.?F
?2216;4#<=B9.A6<;&A./92
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
"
"!'%!
B99@'2?;@&86::2?@.?61.2
4=4A0;><<>=*4A=#438D<C4A=<438D<6A0H
D??4A?0ACB?0;46A0HD=34A?0ACB6;>BBH1;02:20?0=3
=0?4-8=6B0A430A:C8??430=370E430A:;4038=6
4364>=5>A4F8=6(4318;;8B1;02:C8??43"46B0A4
A430=3C08;8B344?;H5>A:430=34;>=60C438A42C
5;867C7>E4AB01>E4F0C4A145>A438E8=65>A?A4H
>A068=60=34438=6><<>=*4A=443B
?A8<0A8;H>=B<0;;58B7D?C>5>DA8=274B8=;4=6C7
0;B>C0:4BB7A8<?0=30@D0C828=B42CB5>A064B1H
BCA8:8=6C74F0C4A8=B70;;>F?;D=6438E4B>A
B:8<<8=6C74BDA5024
A4438=60=3$4BC8=6><<>=*4A=%=4C>C7A441D55C>1A>F=466BB?>CC43F8C730A:1A>F=0=31;02:
0A4;0838=0B8<?;4B2A0?41D8;C01>E4C747867C834;8=48=B0=36A0E4;B74;;B>AB40F4430=3;8=43F8C7
E464C0C8>==2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1H1>C7?0A4=CB
;867C&0CC4A="867C1D>H0=C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0C><<>=*4A=A443B8=$>AC7<4A8200;>=6C74
C;0=C822>0BC5A><C74=>AC74A=#0A8C8<4&A>E8=24B>50=030C>)>DC7
0A>;8=00=3>220B8>=0;;H8=C74D;5>5#4G82>>A>=;0A648=;0=3;0:4B
)?4=3BF8=C4AB5A><B>DC74A=<>BC1A4438=60A40B>=C74C;0=C822>0BCC>
=>AC74A=2D03>A0=3A0I8;&A454AA437018C0CB8=2;D34B0=30=3B74;;
140274B6A0BBHD?;0=3B0=3A>2:H8=;0=3B7>A4B
&=2062@&A2?;.56?B;1<
2;4A5%.;42
0:
6;
*2645A
4<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@<9<;6.9
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
"%&'%&'%!
B99@'2?;@&86::2?@.?61.2
4=4A0;>ABC4AB*4A=#438D<C4A=?0;46A0H
D??4A?0ACB1;02:20?F78C4D=34A?0ACB8;;8B
>A0=641;02:C8?-8=6B0A4?0;46A0HF8C7?0;4A
?A8<0A84B*08;8B?0;46A0H344?;H5>A:43F8C730A:
8==4A4364F78C4>DC4A4364%A0=64;46B544C
>E4AB01>E4F0C4A145>A438E8=65>A?A4H
>A068=60=34438=6>ABC4AB*4A=84C2>=B8BCB
<>BC;H>558B71DC0;B>40CB8=B42CBB<0;;
2ADBC0240=B<>;;DB:B5A>6B0=3C03?>;4B0C274B
58B70CBDA5024>A1H?;D=6438E8=68=C>F0C4A5A><0
?4A27>A07>E4A20C274B8=B42CB>=C74F8=6>A>=
C74F0C4ABDA5024A4?>AC43;H40CB340358B70=35A>6B
4G?>B431HA42438=6824>220B8>=0;;H40CB18A3466B
A4438=60=3$4BC8=6>ABC4AB*4A=%=4C>5>DA>;8E4>A1D55466BF8C71A>F=>A>;8E4<0A:B0A4;083>=0
;0A64?;0C5>A<>534036A0BB;8=43F8C758=4A6A0BB0=3DBD0;;H1D8;C>=0<0BB>53403<0AB7E464C0C8>=
=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1H1>C7?0A4=CB
;867C&0CC4A=)70;;>FB;>F6A0245D;5;867C
(0=640=3018C0C>ABC4AB*4A=A443B0;>=6C74C;0=C822>0BC5A><
#0BB027DB4CCBC>*4G0B0=38=8=C4A8>A;14AC00=30;85>A=8040BCC>C74
A40C"0:4B)?4=3BF8=C4AB0;>=6C742>0BCB5A><0;85>A=800=3
,8A68=80B>DC7F0A3=C74F4BC?A454AB5A4B7F0C4A<0AB74BF74A40B8=
C7440BC?A454ABB0;C<0AB74B
&=2062@&A2?;.3<?@A2?6
2;4A5%.;420:
6;
*2645A
4<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@<<@20<9<;62@
?2216;4#<=B9.A6<;2096;6;4
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
%!!&(
B99@'2?;@&86::2?@.?61.2
4=4A0;A0=:;8=BD;;#438D<6D;;6A0H102:
F78C4D=34A?0ACB4038B1;02:F78C44H4A8=618;;8B
>A0=641;02:B?>C=40AC8?-8=6B0A4B7>ACF8C7
F78C41>A34A43>AB?>CC431;02:C8?B*74;46B0A4
A43>A0=64)CA>=638A42C5;867CF8C7344?F8=6140CB
)>0AB>=C74A<0;B0=3D?3A05CB
>A068=60=34438=6A0=:;8=BD;;443B<>BC;H
>=8=B42CB8=BD<<4A0;B>40CB40AC7F>A<B
2ADBC0240=B<>;;DB:BB<0;;58B70=3B443B>A064B
8=06A82D;CDA0;584;3B0=3<403>FB5>A6A0BB7>??4AB
0=32DCF>A<B20C274B3A06>=5;84B<0H5;84B0=3>C74A
5;H8=68=B42CB8=<8308A
A4438=60=3$4BC8=6A0=:;8=BD;;*7A441D55>;8E4>A1A>F=466BF8C71A>F=0=31;02:<0A:8=6B0A4
;083>=05;>0C8=6?;0C5>A<1D8;C01>E4C74F0C4A0=3;8=43F8C758=46A0BB0=3?;0=C3>F==2D10C8>=A0=64B
5A><C>30HB0=38B20AA843>DC1H1>C7?0A4=CB
;867C&0CC4A=)CA>=638A42C5;867CF8C7344?A0?83F8=6140CB
(0=640=3018C0CA0=:;8=BD;;A443B>=<0AB74BB;>D67B0=3
F4C;0=3B0A>D=3;0:4B5A><B>DC74A=0=030C>)>DC70:>C00=3>F0
0;B>8=B20CC4A43<0AB74B8=C74F4BC#86A0C4BC>B>DC740BC0=3F8=C4AB
<08=;H0;>=6F4BC2>0BC>5)>DC7<4A820
&=2062@.?B@=6=6E0.;
2;4A5%.;420:
6;
*2645A
4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@<9<;6.9
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
("(&(
B99@'2?;@&86::2?@.?61.2
4=4A0;;0D2>DBD;;"0A64F78C46D;;F8C7?0;4
6A0H102:H4B0A4H4;;>F8;;8BH4;;>FF8C7A43
B?>C>=;>F4A<0=381;4-8=6B0A4F78C4436430=3
F78C4C8??43"46B0=3544C0A4?8=:=02C8E4
?A430C>A>5B4018A3=4BC8=62>;>=84B);>FBC403H
F8=6140CB)>0AB>=C74A<0;B0=3D?3A05CB
>A068=60=34438=6;0D2>DBD;;443B<>BC;H
>=466B0=3H>D=6>5>C74A18A3B3DA8=6BD<<4A
0;B>40CB58B78=E4AC41A0C4BA45DB48=B42CB0=3
14AA84B>A064B1HF038=6?;D=6438E8=60=3
BC40;8=65>>35A><>C74AB4018A3B
A4438=60=3$4BC8=6;0D2>DBD;;*F>C>C7A44;867C1A>F=>A>;8E4466BF8C730A:1A>F=1;>C274B0A4
;0838=02;855=4BC;8=43F8C7<>BB0=36A0BB=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1H1>C7
?0A4=CB
;867C&0CC4A=)>0AB>=C74A<0;B0=3D?3A05CB);>FBC403HF8=6140CB
(0=640=3018C0C;0D2>DBD;;A443B8=;0B:00=3=>AC74A=
0=030)?4=3BF8=C4AB0;>=6C742>0BCB>DC7C>0;85>A=80A0A4;H0=3
,8A68=80A0A4;H5>D=38=C74A40C"0:4B0=3C74D;52>0BC&A454AA43
7018C0CB8=2;D34B7>A4B>5;0:4BA8E4AB0=32>0BC0BF4;;0BA45DB43D<?B
0=3B4F064>DC5;>FB
&=2062@.?B@5F=2?/<?2B@
2;4A5%.;420:6;
*2645A
4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@<9<;6.9
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&=<AA21<?@=208921
('%!
B99@'2?;@&86::2?@.?61.2
4=4A0;D;;18;;43*4A="867C4BC$>AC7<4A820=
C4A=;02:20?C70C4GC4=3B14;>F4H4B3>F==0?4
?0;46A0HD??4A?0ACBC70C0A430A:4A0CC74F8=6C8?B
B7>ACBC>DC1;02:18;;0=31;02:;46B544C;>=6F8=6B
F8C7E4AH;>=6>DC4A?A8<0A84B8A42C5;867CF8C7
6A0245D;B70;;>FF8=6140CB
>A068=60=34438=6D;;18;;43*4A=;84B>E4A
50A<584;3B>A<0AB74BC>20C278=B42CB8CB<08=384C
%E4AF0C4ABF>>?BC>20C27B<0;;?A4H0;B>40CB
5A>6B2ADBC0240=B0=340AC7F>A<B
A4438=60=3$4BC8=6D;;18;;43*4A=#>=>60<>DB2>;>=80;>AB>;8C0AH%5C4==4BC0C?4A8?74AH>5>C74A
C4A=B?4284B2>;>=84B$4BC>=>?4=6A>D=3>5C4=2>=240;438=341A8B0<>=6B74;;B1D8;C1H1>C7B4G4B>=4
C>5>DA?8=:1D55C>H4;;>F466B;867C;HB?>CC43F8C730A:1A>F==2D10C8>=A0=64B5A><C>30HB0=38B
20AA843>DC1H1>C7B4G4B.>D=65;43648=30HB%=41A>>3?4AH40A
;867C&0CC4A=8A42C5;867CF8C740BH6A0245D;B70;;>FF8=6140CB
(0=640=3018C0CD;;18;;43*4A=08A;H2><<>=1DC;>20;)0;C>=
)400=3)0=846>>D=CH8=0;85>A=800=30;>=6C;0=C82>0BC
&=2062@29<052961<;;69<A60.
2;4A5%.;420:
6;
*2645A4<G
*6;4@=.;%.;420:6;
?2216;4'F=2 <;<4.:<B@<9<;6.9<?@<96A.?F
;2@A2?
?2216;4#<=B9.A6<;.6?9F0<::<;6;?.;42
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
%%!(
B99@'2?;@&86::2?@.?61.2
4=4A0;4AA8=6D;;"0A646D;;?0;46A0H102:0=3
F8=6BF8C71;02:C8?BF78C47403=42:1A40BC-78C4
C08;0=3D=34A?0ACB8;;8BH4;;>FF8C7A43B?>C=40A
C8?;46B0A4?8=:)CA>=6BC403H5;867CF8C7344?F8=6
140CB)>0AB>=C74A<0;B0=3D?3A05CB#>BC
F834B?A403$>AC7<4A820=D;;
>A068=60=34438=64AA8=6D;;443B<>BC;H>=
0@D0C828=E4AC41A0C4B0=3B<0;;58B76;40=BC74
6A>D=35>A8=B42CB0=3F>A<BB20E4=64B340358B7
0=360A10640C;0=358;;B0;B>40CB18A3466B0=3
H>D=6
A4438=60=3$4BC8=64AA8=6D;;*F>C>C7A446A0H6A44=1;D4>A1A>F=466BF8C71A>F=;0E4=34A
0=31;02:BCA40:B0A4;0838=0B70;;>F6A>D=3B2A0?4;8=43F8C7?;0=CB0=3BC82:B=2D10C8>=A0=64B5A><
C>30HB0=38B20AA843>DC1H1>C7?0A4=CB
;867C&0CC4A=)CA>=6BC403H5;867CF8C7344?F8=6140CB
(0=640=3018C0C4AA8=6D;;A443B5A><;0B:040BC02A>BB
=>AC74A=0=030C>#0A8C8<4&A>E8=24BB>DC7C>A8C8B7>;D<180
=>AC724=CA0;0=0300=3A40C"0:4B0=30;>=6C;0=C822>0BCC>$>AC7
0A>;8=0-8=C4AB8=0;;1DC8CB=>AC74A=<>BC1A4438=60A40B0;B>0;>=6
2>0BCBA8E4AB0=3;0:4B8=C74B>DC740BC0=3F4BC5A><B>DC74A=;0B:0
B>DC7C>0900;85>A=800;B>5>D=38=DA0B80$4BCB>=>?4=140274B
8B;0=3B>AB7>A4;8=4BBC0HB>=;0A64;0:4BF4C;0=3BA8E4AB;0=358;;B0=3
?D1;820A40B3DA8=6<86A0C8>=0=3F8=C4A
&=2062@.?B@.?42;A.AB@
2;4A5%.;420:6;
*2645A
4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@<9<;6.9
?2216;4#<=B9.A6<;/B;1.;A
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
(!(
B99@'2?;@&86::2?@.?61.2
4=4A0;"0D678=6D;;#438D<6D;;6A0H102:
F78C4D=34A?0ACB40370B1;02:7>>3=42:8BF78C4
0=318;;8BA43-8=6B0A46A0H0=3F78C4436430=3
1;02:0CC8?BC08;8BF78C4"46B0=3544C0A41;02:
);>F5;867CF8C7344?F8=6140CB)>0AB>=D?3A05CB
$0<435>A8CB;0D67C4A;8:420;;
>A068=60=34438=6"0D678=6D;;443B>=58B7
2A01BB=08;B8=B42CB466B0=32782:B
A4438=60=3$4BC8=6"0D678=6D;;*7A44>;8E4C>1D55466B<0A:43F8C71A>F=0A4;0838=06A>D=3=4BC
;8=43F8C76A0BB0=3F443BC4<B0=31D8;C>=B0=3>A8=0B0;C<0AB766B0A48=2D10C435>A30HB1H1>C7
?0A4=CB
;867C&0CC4A=);>F5;867CF8C7344?F8=6140CB
(0=640=3018C0C"0D678=6D;;"8E4B<08=;H>=C74C;0=C820=3D;5
2>0BCB>5C74+)A0=68=65A><#08=43>F=C7A>D67;>A8300=3*4G0B
)?4=3BF8=C4ABA46D;0A;H=>AC7C>,8A68=808=B<0;;4A=D<14AB50AC74A
=>AC7>D=38=B0;C<0AB74B;06>>=B0=32>0BC0;140274B
&=2062@.?B@.A?60699.
2;4A5%.;420:
6;
*2645A4
<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@<9<;6.9
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
&''%!
B99@'2?;@&86::2?@.?61.2
4=4A0;"40BC*4A=)<0;;C4A=B;0C46A0H
D??4A?0ACBF78C4D=34A?0ACBA>F==0?40A41;02:
0=35>A474038BF78C4;02:;4038=64364>5>DC4A
F8=62>=B?82D>DB8=5;867C*08;8B5>A:438;;0=3
544C0A4H4;;>F0BCB<>>C75;867CF8C7A0?83F8=6
140CB>E4AB1A845;H145>A438??8=63>F=C>B84I4
?A4H
>A068=60=34438=6"40BC*4A=443B>=B<0;;
58B75>A064B1HB:8<<8=6C74F0C4ABDA5024>A38E8=6
5A><C7408A
A4438=60=3$4BC8=6"40BC*4A=%=4C>C7A441D55C>?0;46A44=466B<0A:43F8C71;02:6A0H>A1A>F=
0A4;0838=0B2A0?48=B0=3B74;;B>A6A0E4;0=3;8=43F8C7B<0;;B74;;B>A>C74A341A8B=2D10C8>=A0=64B
5A><C>30HB0=38B20AA843>DC1H1>C7?0A4=CB
;867C&0CC4A=>DH0=C6A0245D;50BC5;867CF8C7A0?83F8=6140CB
(0=640=3018C0C"40BC*4A=A443B0;>=60;85>A=802>0BC0;>=6
A8E4AB8=#8BB8BB8??8,0;;4H0=32>0BC0;;H5A><#08=4B>DC7C>;>A830
0=3C74D;52>0BC)?4=3BF8=C4AB5A><0900;85>A=80B>DC7C>
B>DC74A=#4G82>0;B>0;>=62>0BCB>5)>DC7<4A820&A454AA437018C0CB
8=2;D341A>03;4E4;4G?0=B4B>5>?4=B0=3H>A6A0E4;;H140273A4364
B?>8;0=3>C74A>?4=B7>A4;8=40A40B0=3<>A4A0A4;H8=;0=3>=1A>03
A8E4AE0;;4HB0=310AB
&=2062@&A2?;..;A699.?B:
2;4A5%.;420:6;
*2645A4
<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@<9<;6.9
?2216;4#<=B9.A6<;.6?9F0<::<;/BA9<0.9
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
%!(
B99@'2?;@&86::2?@.?61.2
4=4A0;(8=618;;43D;;#438D<6D;;F8C76A0H
D??4A?0ACB0=3F78C4D=34A?0ACB4038BF78C40=3
18;;8BH4;;>FF8C71;02:A8=6=40AC8?-8=6B0A46A0H
01>E4C8??431;02:F8C7F78C4B?>CB0=3F78C4
14;>F.4;;>F;46B0=3544C)CA>=638A42C5;867C>=
344?F8=6140CBB>0AB>=C74A<0;B
>A068=60=34438=6(8=618;;43D;;#>BC;H
B20E4=64B1DC0;B>40CB58B7A>34=CBB<0;;0@D0C82
0=8<0;B18A32782:B0=3466B0=3B><4C8<4B
6A0BB7>??4ABA4@D4=CB;0=358;;B60A10643D<?B
?;>F43584;3B0=3?0A:8=6;>CB5>;;>FBB78?B5>A
A45DB43D<?43>E4A1>0A3>A064B>=C746A>D=3>A
B=0C274B5>>35A><C74F0C4ABDA5024F78;48=5;867C
A4438=60=3$4BC8=6(8=618;;43D;;*F>C>5>DA>;8E4C>1A>F=466B<0A:43F8C7;0E4=34A6A0H0=3
1A>F=0A4;0838=07>;;>F>=C746A>D=3B><4C8<4B;8=43F8C76A0BB>A341A8B=4BCB8=2>;>=84B>5C4=F8C7
>C74A6D;;B>AC4A=BDBD0;;H>=8B;0=3B8=;0:4B=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1H
1>C7?0A4=CB
;867C&0CC4A=)>0AB>=C74A<0;B)CA>=638A42C5;867CF8C7344?A0?83F8=6140CB
(0=640=3018C0C(8=618;;43D;;A443B;>20;;HB>DC7C>0;85>A=80
=>AC74A=A40C&;08=B0=3B>DC74A=?A08A84?A>E8=24B>50=030A40C
"0:4BA468>=0=0380=#0A8C8<4B0=3=>AC74A=$4F=6;0=3)?4=3B
F8=C4AB>=2>0BCBA8E4AB0=3;0:4B5A><B>DC74A=$4F=6;0=3B>DC7C>
D105A><C74A40C"0:4BC>C74D;5>0BC0=35A><A8C8B7>;D<180
C>B>DC74A=#4G82>
&=2062@.?B@129.D.?2;@6@
2;4A5%.;420:
6;
*2645A4
<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@<9<;6.9&<:2
=<9F4.:<B@
?2216;4#<=B9.A6<;/B;1.;A
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
%",'%!
B99@'2?;@&86::2?@.?61.2
4=4A0;(>H0;*4A="0A64C4A=?0;46A0H
D??4A?0ACBF78C45024=42:0=3D=34A?0ACB403
70BB?8:H1;02:2A4BC0=320?0=3740EH1A867C
>A0=6418;;-8=6B0A41;02:C8??4301>E40=3
1;02:4364314;>FC08;8B344?;H5>A:43"46B0=3
544C0A41;02:>E4AB145>A4?;D=6438E8=65>A?A4H
>A068=60=34438=6(>H0;*4A=443B>=B<0;;
58B70=30@D0C828=E4AC41A0C4B8=2;D38=62A01BB@D83
0=3B7A8<?&;D=6438E4BC>20?CDA4?A4H
>220B8>=0;;H?8A0C4B58B75A><>C74A18A3B4B?4280;;H
A>F=&4;820=B
A4438=60=3$4BC8=6(>H0;*4A=%=4C>5>DA2A40<H1D55C>1A>F=466BF8C7A431A>F=<0A:8=6B0A4;083
8=034?A4BB8>=8=B0=3>A02D?>534036A0BBDBD0;;H1D8;C>=0B0=3H>AA>2:H8B;0=3=2D10C8>=A0=64B
5A><C>30HB0=38B20AA843>DC1H1>C7?0A4=CB
;867C&0CC4A=8A42C5;867CF8C7344?BC403HF8=6140CB
(0=640=3018C0C(>H0;*4A=A443B0;>=62>0BC5A><#0AH;0=3C>
*4G0BF0=34A8=65DAC74AB>DC78=BD<<4A)?4=3BF8=C4AB5A><$>AC7
0A>;8=00=30;85>A=80B>DC7F0A3&A454ABB0;CF0C4A7018C0CBBD270B
2>0BC0;0A40B140274B10HB>55B7>A40A40BA0A4;H5>D=38=;0=3
&=2062@&A2?;.:.E6:.
2;4A5%.;420:
6;
*2645A4
<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@<9<;6.9
?2216;4#<=B9.A6<;.6?9F0<::<;2096;6;4
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
&!*'%!
B99@'2?;@&86::2?@.?61.2
4=4A0;)0=3F827*4A=%=;H<438D<B8I43C4A=
F8C7;>=6B;4=34A1;02:18;;C8??43F8C7H4;;>F
D??4A?0ACB0A4E4AH?0;46A0H=40A;HF78C40=3
D=34A?0ACB0A4F78C4*741;02:2A>F=70B0B7>AC
1;02:2A4BC-78C4C08;8B344?;H5>A:43;46B0=3544C
0A41;02:8A42C5;867C7>E4AB145>A438E8=65>A58B7
>A068=60=34438=6)0=3F827*4A=&A454ABC>5443
0CB40+BD0;;H7>E4ABC74=38E4B5A><6A40C74867CB
C>20C27?A4HD=34AF0C4A0CBB<0;;58B7B@D830=3
B7A8<?
A4438=60=3$4BC8=6)0=3F827*4A=#>=>60<>DB2>;>=80;>5C4=<8G43F8C7>C74AC4A=B4B?4280;;H
(>H0;*4A=B)8<?;4=4BC>=2>0BC0;140274B0=38B;0=3B8=C74>?4=01>E4C834<0A:D=;8=43>A;8=43F8C7
341A8B%=4C>C7A44F78C4C>?8=:466BF8C71A>F=1;02:0=36A0H<0A:8=6B=2D10C8>=A0=64B5A><C>
30HB0=38B20AA843>DC1H1>C7B4G4B58ABC5;867C0CC>30HB
;867C&0CC4A=&>F4A5D;38A42C5;867CBCA>=60=36A0245D;F8C7F8=6B74;3B;867C;H2A>>:43+BD0;;H7>E4AB
145>A438E8=65>A58B7
(0=640=3018C0C)0=3F827*4A=C;0=C822>0BC=>AC7C>,8A68=800=3
4=C8A4D;5>0BC
&=2062@&A2?;.@.;1C602;@6@
2;4A5%.;42
0:
6;
*2645A4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@<9<;6.9
?2216;4#<=B9.A6<;<::<;6;?.;42
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
',%&(
B99@'2?;@&86::2?@.?61.2
4=4A0;*70H4ABD;;"0A646D;;6A0HD??4A?0ACB
F78C47403C08;D=34A?0ACB8;;8BH4;;>FF8C7A43
B?>C=40AC744=3>5C74;>F4A<0=381;4-8=6B0A4
6A0HF8C7F78C4B?>CC4330A:6A0HC8?B"46B0A430A:
?8=:8A42C5;867CBCA>=6BC403HF8=6140CBB>0AB>=
C74A<0;B>AD?3A05CB
>A068=60=34438=6*70H4ABD;;84C2>=B8BCB
<>BC;H>520AA8>=0=358B71DC0;B>40CB18A3466B
5>A064B1H?;D=6438E8=6>AF0;:8=60;>=6B7>A4;8=4B
A4438=60=3$4BC8=6*70H4ABD;;*F>C>C7A446A0H6A44=>A1A>F=466B0A4;0838=06A>D=3
34?A4BB8>=;8=43F8C7<>BB4B6A0BB>A;8274=B0=3B74;C4A431HA>2:B>AB7AD114AH=2D10C8>=A0=64B5A><
C>30HB0=38B20AA843>DC1H1>C7?0A4=CB
;867C&0CC4A=)CA>=638A42C5;867CF8C7BC403HF8=6140CB
(0=640=3018C0C*70H4ABD;;$4BCB>=7867A>2:H2;855B8=C74A2C82
8B;0=3B0=3=>AC72>0BC>5$>AC7F4BC*4AA8C>A84B=F8=C4ADBD0;;H5>D=3
8=10HB<403>FB0=3140274B>=C74&0285822>0BC5A><24=CA0;A8C8B7
>;D<180C>C74090&4=8=BD;01DC>220B8>=0;;HF0=34AB40BCC>C74
A40C"0:4B
&=2062@.?B@A5.F2?6
2;4A5%.;420:6;
*2645A
4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@<9<;6.9
?2216;4#<=B9.A6<;,2@/BAB;0<::<;
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
#%&'%
&8B.@.;1.242?@&A2?0<?.?661.2
4=4A0;&0A0B8C82 0464A0A:#>A?7#438D<90464A
F8C71A>F=1>3H30A:4A20?0=3?0;4D=34AF8=6
?0C274B=40AC8?B&0;45>A<70BF78C4D=34A?0ACBF8C7
1A>F=1A40BC10=38=C4A<4380C4B14CF44=30A:0=3
;867C<>A?7B>22DA80<>=3B70?43C08;70B
4;>=60C43?>8=C4324=CA0;540C74AB;02:18;;;46B
544C
>A068=60=34438=6&0A0B8C82 0464A0A:#>A?7
0CBB<0;;0=3<438D<B8I4318A3B18A3466B8=B42CB
58B7A>34=CB0=320AA8>=D=CB2>>?4A0C8E4;HF8C7
>=4270B8=6018A3=40AC746A>D=3F78;40=>C74A5;84B
01>E4C>8=C4A24?C3>364B0;B>>=438BCA02CB
8=2D10C8=6?0A4=CF78;4C74>C74A<0:4B>55F8C70=
466)><4C8<4B70A0BB4B>C74A18A3B5>A28=6C74<C>
A4;40B4B<0;;58B7>A>C74A5>>374;38=C748A18;;B>A
2A>?B
A4438=60=3$4BC8=6&0A0B8C82 0464A0A:#>A?7*F>1A>F=C>6A44=>A1;D4466BF8C71A>F=B?>CB0A4
;0838=0B70;;>F6A>D=334?A4BB8>=;8=43F8C7?;0=C<0C4A80;=2D10C8>=A0=64B5A><C>30HB0=38B
20AA843>DC1H1>C7?0A4=CB
;867C&0CC4A=;C4A=0C4BB4E4A0;344?5;0?BF8C76;834B0BCF8=6140CB
(0=640=3018C0C&0A0B8C82 0464A0A:#>A?7A443B>=2>0BCB>5
;0B:00BF4;;0B2>0BC0;0=38=;0=3CD=3A0A468>=B>5=>AC74A=0=030
0;B>5>D=38=A44=;0=324;0=3)20=38=0E800=3=>AC74A=(DBB80
)?4=3BF8=C4AB>=CA>?820;>240=B>5C74B>DC74A=74<8B?74A4
&=2062@&A2?0<?.?6B@=.?.@6A60B@
2;4A5%.;420:
6;
*2645A4
<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@<9<;6.9
?2216;4#<=B9.A6<;.6?9F0<::<;&A./92
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
#" %!%
&8B.@.;1.242?@&A2?0<?.?661.2
4=4A0;&><0A8=4 0464A0A:#>A?7"0A6490464A
30A:1A>F=4G24?C5>AF78C4?0C274B=40AD=34AF8=6
C8?B0=3B834B>5D=34AC08;"867C<>A?770BF78C4
=42:?0;4H4;;>F2>;;0AF78C4;>F4A1A40BC<>CC;43
1A40BC10=3B834B*782:18;;?0;40C10B4*08;70B
CF>;>=624=CA0;540C74ABCF8BC43E4AC820;;H
>A068=60=34438=6&><0A8=4 0464A0A:#>A?7
)D1B8BCB0;<>BC4=C8A4;H>=;4<<8=6B>=8CB1A4438=6
6A>D=3BCB405443B>=B<0;;>AF40:18A3B
B20E4=64B0=3?DABD4B6D;;B0=3C4A=B5>A28=6C74<
C>38B6>A64C748A5>>3F78278CB=0C274BD?8=
<8308A
A4438=60=3$4BC8=6&><0A8=4 0464A0A:#>A?7*F>>;8E4C>1A>F=466BF8C730A:1A>F=1;>C274B0A4
;0838=0B70;;>F6A>D=334?A4BB8>=;8=43F8C7?;0=C<0C4A80;=2D10C8>=A0=64B5A><C>30HB0=38B
20AA843>DC1H1>C7?0A4=CB
;867C&0CC4A=)CA>=6BC403H5;867CF8C7344?F8=6140CB
(0=640=3018C0C&><0A8=4 0464A0A:#>A?78A2D<?>;0AB?4284B
>5C74A2C82CD=3A0-8=C4AB<>BC;H>55B7>A48=C74C;0=C820=3D;5>5
#4G82>=40AC74-4BC=384B0;B>>552>0BCB>55A820B>DC740BC
DBCA0;800=34=CA0;0=3)>DC7<4A820B><4C8<4B5>D=3=40A0F088
&=2062@&A2?0<?.?6B@=<:.?6;B@
2;4A5%.;42
0:6;
*2645A4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@&:.990<9<;62@
?2216;4#<=B9.A6<;.@B.9
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
"
"!%"(!")
#642<;@.;1<C2@<9B:/61.2
4=4A0;><<>=A>D=3>E4)<0;;A>D=343
3>E4F8C7?;08=6A0H1A>F=102:0=3B20;43
?8=:6A0H74030=31A40BCH4B0A4A430=318;;8B
>A0=64A43F8C71;02:C8?*74F8=6BB7>FAD5>DB
?A8<0A84B8=5;867C*08;8BB7>AC"46B0=3544C0A4
?8=:>A064B>=6A>D=3)F85C38A42C5;867CF8C7A0?83
F8=6140CB
>A068=60=34438=6><<>=A>D=3>E4443B
>=B443B14AA84B0=3>220B8>=0;;H8=B42CB5>A064B>=
C746A>D=3
A4438=60=3$4BC8=6><<>=A>D=3>E4*F>>AC7A44F78C4466B0A4;0838=0=4BC>=>A2;>B4C>C74
6A>D=3>5C4=78334=8=0CD5C>56A0BB>A0<>=6F443B=2D10C8>=A0=64B5A><C>30HB0=38B20AA843
>DC1H1>C7?0A4=CB
;867C&0CC4A=(0?8338A42C5;867C
(0=640=3018C0C><<>=A>D=3>E4(4B834=C8=B>DC74A=?0ACB>5
0;85>A=80A8I>=00=3*4G0B0=340BCC>B>DC74A=$>AC70A>;8=0
&A454AA437018C0CB8=2;D34584;3B60A34=B50A<;0=3B0=3A>03B834B
&=2062@<9B:/6;.=.@@2?6;.
2;4A5%.;42
0:6;
*2645A
4
<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@ .A2@3<?9632
?2216;4#<=B9.A6<;2096;6;4
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&0.921<?&0.99<=21
<=F?645A 6A05*.6A2?<B=
(%&!"%")
#642<;@.;1<C2@<9B:/61.2
4=4A0;DA0B80=>;;0A43>E4#438D<3>E4
?0;46A0H>E4A0;;F8C730A:4A28==0<>=1A>F=F0B7
>E4A102:$0?48BA8=643F8C770;51;02:2>;;0AC70C
3>4B=>C4GC4=3C>C7A>0C-8=6B0A4<>CC;436A0H
F8C730A:?A8<0A84B*08;8B;>=61A>0343643F8C7
F78C41;02:=40A10B4&8=:;46B544C
>A068=60=34438=6DA0B80=>;;0A43>E40CB
<>BC;HB443BB><46A44=BB>5C5AD8CB0=360A1064
>A064B>=C746A>D=31DC0;B>?82:B14AA84B5A><
1DB74B
A4438=60=3$4BC8=6DA0B80=>;;0A43>E4*F>F78C4466B0A4;0838=0=4BC<034>5CF86B0=33AH
BC0;:B0=31D8;C5A><C>544C01>E4C746A>D=38=0CA44B7AD1>AB><4C8<4B10;2>=H>A40E4>50
1D8;38=6=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1H1>C7?0A4=CB
;867C&0CC4A=)F85CBCA>=638A42C5;867C>=A0?83;H140C8=6F8=6B
(0=640=3018C0CDA0B80=>;;0A43>E4$0C8E4>5=380)A8"0=:0
0=3#H0=<0A0;B>F834B?A4038=DA>?4=CA>3D243C>C74+)>22DAB
5A><;>A830C>*4G0B0=3<0H1438B?;028=6=0C8E43>E4B
&=2062@&A?2=A<=296.120.<0A<
2;4A5%.;420:
6;
*2645A
4<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@
?2216;4#<=B9.A6<;.6?9F0<::<;A<0<::<;
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
!")
#642<;@.;1<C2@<9B:/61.2
4=4A0;=20>E4)<0;;3>E4F8C7B20;43?0;4
6A0H1A>F=D??4A?0ACBF78C4C7A>0C0=3B20;43?0;4
1D55>5C4=F8C7?8=:F0B7D=34A?0ACB*74C08;8B
;>=60=3B@D0A43F8C701;02:1>A34A436A0H24=C4A
0=3436438=F78C4;02:18;;?8=:;46B0=3544C
8A42C5;867CF8C7A0?83F8=6140CB
>A068=60=34438=6=20>E40CBB<0;;3A843
B443B5>A064B>=C746A>D=3
A4438=60=3$4BC8=6=20>E4*F>C>B4E4=F78C4466B0A4;0838=0=4BC<034>5CF86BBC4<B0=3
;40E4B;8=43F8C76A0BB0=31D8;C5A><C>544C01>E4C746A>D=38=0CA44>AB7AD1=2D10C8>=A0=64B
5A><C>30HB0=38B20AA843>DC1H1>C7?0A4=CB
;867C&0CC4A=8A42C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0C=20>E4(4B834=C5A><B>DC7F4BC+)C>CA>?820;
<4A820A4@D4=CB>?4=2>D=CAHF8C7B20CC4A43CA44B>AB2AD11H6A>FC7
64=4A0;;H8=0A83>AB4<80A83;>20C8>=B0A>D=32D;C8E0C430A40B
50A<;0=3B?0A:B0=360A34=B
&=2062@<9B:/6;.6;0.
2;4A5%.;42
0:6;
*2645A4
<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@
?2216;4#<=B9.A6<;/B;1.;A
.08#.AA2?;&0.921<?&0.99<=21
299F#.AA2?;&0.921<?&0.99<=21
?2.@A#.AA2?;&0.921<?&0.99<=21
<=F?645A 6A05*.6A2?<B=
"(%!!")
#642<;@.;1<C2@<9B:/61.2
4=4A0;#>DA=8=6>E4#438D<B8I433>E4F8C7
6A0H1A>F=D??4A?0ACB0=3?8=:1A>F=D=34A?0ACB
H4B0A430A:F8C70B<0;;1;02:B?>C14=40C78;;8B
30A:-8=6B0A46A0H1A>F=F8C71;02:B?>CB0=3
30A:?A8<0A84B*08;8B;>=60=3?>8=C43F8C7
1;02:43643F78C4C8?B>=>DC4A540C74AB)F85C38A42C
5;867C
>A068=60=34438=6#>DA=8=6>E40CBB443B
F0BC46A08=5AD8CB0=38=B42CB+BD0;;H5>A064B>=
C746A>D=31DC>220B8>=0;;H8=CA44B0=3B7AD1B
A4438=60=3$4BC8=6#>DA=8=6>E4*F>F78C4466B0A4;0838=0;>>B4;H<034=4BC<034>5BC82:B0=3
CF86B1D8;C8=0;>F1DB7>ACA44>AB><4C8<4B>=C746A>D=366B0A48=2D10C435>A30HB1H1>C7
?0A4=CB
;867C&0CC4A=)F85CBCA>=638A42C5;867C
(0=640=3018C0C#>DA=8=6>E4A443B5A><B>DC740BC4A=;0B:0
)0B:0C274F0=%=C0A8>'D41420=3$4FAD=BF82:B>DC7F0A3C>
#4G82>0=3&0=0<0)?4=3BF8=C4AB=>AC7C>C74=>AC74A=+)0E>A8C4
7018C0CB8=2;D34>?4=584;3B?0A:B0=3;0F=BF8C7<0=HCA44B0=3
B7AD1B
&=2062@-2;.61.:.0?<B?.
2;4A5%.;420:
6;
*2645A
4<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@
?2216;4#<=B9.A6<;;0?2.@6;4
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
%"#"!
#642<;@.;1<C2@<9B:/61.2
4=4A0;(>2:&864>="0A647867;HE0A801;H2>;>A43
3>E4F8;35>A<70B6A0H1>3H30A:1;D46A0H7403
=42:1A40BC0=3F78C4AD<?-8=6B0A46A0HF8C7
CF>1;02:10AB*08;8B6A0H0=3A>D=343F8C730A:
C4A<8=0;10=3>A064B>=6A>D=340CB6A0BBB443B
6A08=B2;>E4A0=314AA84B)F85C38A42C5;867C
>A068=60=34438=6(>2:&864>=0CB<>BC;H
B443B1DC0;B>C0:4B5AD8CB0=314AA84BBD1B8BCB>=
B2A0?B8=DA10=0=3BD1DA10=0A40B5>A064B>=C74
6A>D=3
A4438=60=3$4BC8=6(>2:&864>=*F>F78C4466B0A4;0838=02AD34=4BC;8=43F8C7BC82:B0=3341A8B
1D8;C>=0F8=3>F;43641D8;38=61A8364>A2;855=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1H
1>C7?0A4=CB
;867C&0CC4A=)F85C38A42C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0C(>2:&864>=$0C8E4C>DA0B808=CA>3D2430=3
4BC01;8B7438=<>BC>5$>AC7<4A8205A><24=CA0;0=030B>DC7F0A3
>D=38=06A82D;CDA0;;0=3B>?4=B7AD10=3DA10=0A40B
&=2062@<9B:/.96C6.
2;4A5%.;420:
6;
*2645A4
<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
*'*!")
#642<;@.;1<C2@<9B:/61.2
4=4A0;-78C4F8=643>E4#438D<B8I43BC>DC
3>E4F8C76A0H1A>F=D??4A?0ACB6A0HD=34A?0ACB
0=3B<0;;102:2A4B24=C14;>F4H4*74F8=6B0A4
30A:6A0HF8C71A>03F78C4BCA8?4B*08;8BB7>AC0=3
1A>F=F8C7F78C42>A=4AB8;;8B6A0H"46B0=3544C
0A4A430BC38A42C5;867CF8C7A0?83F8=6140CB
>A068=60=34438=6-78C4F8=643>E4443B>=
B443B6A08=B0=35AD8CB5>A064B>=C746A>D=3
A4438=60=3$4BC8=6-78C4F8=643>E4*F>2A40<H1D55466B0A4;083>=05A08;?;0C5>A<<034>5;>>B4
CF86BB4C8=0;>F1DB7=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1H1>C7?0A4=CB
;867C&0CC4A=(0?8338A42C5;867C
(0=640=3018C0C-78C4F8=643>E4A443B8=C74B>DC7F4BC4A=+)
0=3B>DC74A=*4G0B)?4=3BF8=C4ABB>DC7>5C74+)>A8=B<0;;
=D<14AB>=C74D;5>0BC40BCC>;>A830&A454AA437018C0CB8=2;D34
>?4=2>D=CAHF8C734=B4C782:4CB>5B7AD1B0=3;>FCA44B0BF4;;0B8=
BD1DA10=0=306A82D;CDA0;0A40B
&=2062@-2;.61..@6.A60.
2;4A5%.;420:
6;
*2645A
4<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@&:.990<9<;62@
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
(""
B08<<@.;1%<.1?B;;2?@B0B961.2
4=4A0;;02:18;;43D2:>>#438D<2D2:>>F8C7
1A>F=D??4A?0ACBF78C4D=34A?0ACBH4A8=68BA43
0=3342DAE4318;;8B1;02:*08;8B;>=6F8C7508=C
F78C430A:4H43B?>CBD=34A=40C7443B?A8<0A8;H>=
20C4A?8;;0AB0;B>40CB8=B42CBB<0;;58B7<>;;DB:B0=3
5AD8CB#0:4B;>F5;867CB>5B7>AC3DA0C8>=
>A068=60=34438=6;02:18;;43D2:>>443B
?A8<0A8;H>=8=B42CB?0AC82D;0A;H20C4A?8;;0AB
A4438=60=3$4BC8=6;02:18;;43D2:>>*F>C>58E430A:;H<0A:431;D46A44=466B0A4;0838=05;8<BH
B70;;>F=4BC<034>5CF86B;8=43F8C76A0BB0=3?;0=C3>F=0=31D8;CF8C78=054F544C>5C746A>D=38=0
34=B4C782:4C=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1H1>C7?0A4=CB
;867C&0CC4A=%5C4=5;84B;>F0=3<0:4BB7>AC5;867CB5A><CA44C>0=>C74A
(0=640=3018C0C;02:18;;43D2:>>A443B5A><;14AC00=3
#>=C0=040BCC>#0A8C8<4&A>E8=24B0=3B>DC7C>=>AC74A=*4G0B
A:0=B0B0=3)>DC70A>;8=0)?4=3BF8=C4AB8=)>DC7<4A820
&A454AA437018C0CB8=2;D34<>8BCC782:4CB8=;>F>E4A6A>F=?0BCDA4B0=3
>A270A3B0;B>>22DAB8=C782:4AD=34A6A>FC70=3B?0AB4F>>3;0=3B
&=2062@<00FGB@2?FA5?<=A5.9:B@
2;4A5%.;420:
6;
*2645A
4<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@
?2216;4#<=B9.A6<;(;0<::<;A<3.6?9F0<::<;
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
%"")!
B08<<@.;1%<.1?B;;2?@B0B961.2
4=4A0;A>>E418;;43=8#438D<B8I431;02:
18A3F8C78A834B24=C1;D40=36A44=>E4AC>=4BF8C70
E4AH;>=6C08;70;5C74;4=6C7>5C7418A38;;8B
7D64F8C70A2743A83640=3=0AA>F6A>>E4B443B
>=8=B42CBC82:BB?834AB;8I0A3B5AD8CB14AA84B0=3
B443B;84B;>FC>C746A>D=3
>A068=60=34438=6A>>E418;;43=8>A064B1H
5>;;>F8=6;8E4BC>2:C>20C278=B42CB38BCDA1431H
6A0I8=6B><4C8<4B?82:BC82:B5A><C74102:B>5
20CC;4;B>C0:4B5AD8CB14AA84BB<0;;;8I0A3B5A>6B
0=3B=0:4B
A4438=60=3$4BC8=6A>>E418;;43=8*7A44C>5>DA?0;41;D4466B0A4;0838=0=4BC<034>5BC82:B
;8=43F8C75A4B7E464C0C8>=0=31D8;C5A><C>544C01>E4C746A>D=38=0;>FCA44>AB7AD1=2D10C8>=
A0=64B5A><C>30HB0=38B20AA843>DC1H1>C7?0A4=CB0;?70<0;4<0H8=2D10C40C=867C
;867C&0CC4A=;84B;>FC>C746A>D=30;C4A=0C8=614CF44=A0?83B70;;>FF8=6140CB0=3B7>AC6;834B
(0=640=3018C0CA>>E418;;43=8(4B834=C8=;>F4A(8>A0=34
,0;;4H0;B>>22DAB8=<4A820=CA>?82B&A454AA437018C0CB8=2;D34
B4<8>?4=7018C0CB0E>838=6D=1A>:4=5>A4BCB8=2;D38=6>E4A6A>F=
584;3BC782:4CB0=3F>>3;0=34364B
&=2062@?<A<=5.4.@B906?<@A?6@
2;4A5%.;420:
6;
*2645A4
<G
*6;4@=.;%.;42
0:
6;
?2216;4'F=2 <;<4.:<B@<::B;.9
?2216;4#<=B9.A6<;.6?9F0<::<;A<0<::<;
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
,"*(""
B08<<@.;1%<.1?B;;2?@B0B961.2
4=4A0;.4;;>F18;;43D2:>>#438D<2D2:>>
6A0H1A>F=D??4A?0ACB0=3F78C4D=34A?0ACB8;;8B
<>BC;HH4;;>F-8=6B0A46A0H1A>F=F8C7AD5>DB
?A8<0A84B*08;8B;>=60=370BF78C4B?>CC431;02:
4364BA0H;46B544C443B?A8<0A8;H>=708AH
20C4A?8;;0AB0;B>8=B42CB;0AE04B<0;;5AD8CB0=3
14AA84B
>A068=60=34438=6.4;;>F18;;43D2:>>#08=;H
5443B>=708AH20C4A?8;;0AB0=3282030B0;B>40CB>C74A
8=B42CB18A3466BB=08;BB<0;;E4AC41A0C4BBD270B
5A>6B0=3;8I0A3B14AA84B0=3B><45AD8CB5>A064B8=
CA44B
A4438=60=3$4BC8=6.4;;>F18;;43D2:>>%=4C>58E4;867C1;D46A44=C>H4;;>F6A44=466B0A4;0838=0
5;8<BHB0D24A>5CF86B1D8;C8=01DB7>AB<0;;B0?;8=6=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC
1H1>C7?0A4=CB
;867C&0CC4A=8A42C5;867CF8C7BC403H@D82:F8=6140CB
(0=640=3018C0C.4;;>F18;;43D2:>>A443B5A><24=CA0;
0;85>A=80#8==4B>C00=3B>DC74A=$4FAD=BF82:B>DC7F0A3)?4=3B
F8=C4AB8=)>DC7<4A820&A454AA437018C0CB8=2;D34<>8BCC782:4CB
F8;;>FB>E4A6A>F=?0BCDA4B0=3>A270A3B
&=2062@<00FGB@.:2?60.;B@
2;4A5%.;420:
6;
*2645A
4<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;(;0<::<;A<0<::<;
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
%!"*
.?;"D9'FA<;61.2
4=4A0;0A=%F;#438D<B8I43>F;F8C76;0A8=6
F78C4740ACB70?4350280;38B:=>40ACD5CB0=3;>=6
;46B+??4A?0ACB0A4>A0=641A>F=F8C758=4F78C4
B?>CB0=330A:10AB+=34A?0ACB0A4F78C4F8C7B<0;;
1;02:B?>CB443B?A8<0A8;H>=B<0;;<0<<0;B0;B>
C0:4BB<0;;18A3B);>FB8;4=C<>C7;8:45;867C
>A068=60=34438=60A=%F;443B>=B<0;;
<0<<0;BBD270B<824E>;4B0=3B7A4FB0;B>
2>=BD<4BB<0;;18A3B
A4438=60=3$4BC8=60A=%F;#0C4B5>A;8541420DB4;8544G?42C0=2H8BH40AB>A;4BBA4?A>3D2C8E4A0C4
8B78674AC70=C70C>5>C74A>F;B"0HB5A><C>A>D=3F78C4466BDBD0;;H<>A4F74=?A4H8B01D=30=C
D8;3B=4BC8=B83410A=BB8;>B27DA27BC44?;4B010=3>=431D8;38=6B0=37>;;>FCA44B
;867C&0CC4A=)CA>=65;867C);>FBC403HB70;;>FF8=6140CB
(0=640=3018C0C0A=%F;%22DAB>=4E4AH2>=C8=4=C4G24?C
=C0A2C820>D=38=0E0BCA0=64>57018C0CB5A><ADA0;C>DA10=1DC
?A454ABF0A<2;8<0C4BF8C7<8;3F8=C4AB$40A1H>?4=6A0BB;0=38B
4BB4=C80;A0A4;H5>D=38=344?5>A4BCB>A<>D=C08=B
&=2062@'FA<.9/.
2;4A5%.;42
0:
6;
*2645A
4
<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@
?2216;4#<=B9.A6<;.6?9F0<::<;A<0<::<;
*612@=?2.1
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&=<AA21<?@=208921
299F#.AA2?;&<961
?2.@A#.AA2?;&=<AA21<?@=208921
%'"%!"*
'?B2"D9@&A?6461.2
4=4A0;A40C>A=43%F;"0A64>F;F8C730A:
1A>F=6A0H1A>F=<>CC;43D??4A?0ACB0=330A:
10AA43D=34A?0ACB40370B38BC8=2C40ACD5CB0=3
AD5>DB50280;38B:*7A>0C0=3D??4A1A40BC0A4F78C4
0=3<0H70E430A:B?>CB$>AC74A=18A3B0A4?0;4A0=3
6A0H4A)CA>=6B8;4=C38A42C5;0?0=36;8345;867C
>A068=60=34438=6A40C>A=43%F;D=CB
?A8<0A8;H0C=867C?A4H8=6>=A0118CBF>>327D2:B
<824A0CBB@D8AA4;BB:D=:B3D2:B@D08;0=3
>220B8>=0;;H644B4>ACDA:4HB"8:4<0=H>F;B8C40CB
B<0;;?A4HF7>;40=3A46DA68C0C4B8=3864BC81;4?0ACB
BD270B708A540C74AB0=31>=4B8=C745>A<>5?4;;4CB
A4438=60=3$4BC8=6A40C>A=43%F;%=4C>58E43D;;F78C4466B0A4;0838=0=010=3>=43=4BC<0341H
70F:B>A2A>FB66B0A48=2D10C435>AC>30HB<>BC;H1HC7454<0;4
;867C&0CC4A=8A42C5;0?0=36;8345;867C)CA>=6B8;4=CF8=6140CB
(0=640=3018C0CA40C>A=43%F;>D=3C7A>D67>DCC745>A4BCB>5
$>AC74=CA0;0=3)>DC7<4A8205A><C74A2C82C>C74)CA08CB>5
#064;;0=&A454AA437018C0CB8=2;D342>=854A>DB<8G430=334283D>DB
F>>3;0=3B0A40B0;>=62;855B0=3A>2:H20=H>=B0=35>A4BC>?4=8=6B
&=2062@B/<C6?46;6.;B@
2;4A5%.;420:
6;
*2645A
4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@
?2216;4#<=B9.A6<;.6?9F0<::<;A<0<::<;
*612@=?2.1
.08#.AA2?; <AA921
299F#.AA2?;.??21<?/.;121
?2.@A#.AA2?;&A?6=21<?@A?2.821
<=F?645A 6A05*.6A2?<B=
&"%'%"*
'?B2"D9@&A?6461.2
4=4A0;)7>AC40A43%F;#438D<>F;;867C0=3
30A:1A>F=<>CC;43D??4A?0ACB0=330A:BCA40:43
?0;41D55D=34A?0ACB40370B;0A64A>D=3?0;41D55
50280;38B:F8C758=41A>F=C8=64B1;02:0A>D=3
4H4B0=3B<0;;40ACD5CBH4B0A4H4;;>F0=318;;8B
1;02:;867C8B4AA0C82F8C75;>??8=6F8=6140CB
>A068=60=34438=6)7>AC40A43%F;0CBE>;4B
<824B7A4FB6A>D=3B@D8AA4;B?>2:4C6>?74AB
?>2:4C<824<>;4BA0CBB<0;;A0118CB0=3<DB:A0CB
0;B>C0:4BB<0;;18A3B0=3;0A648=B42CB5>A064B
<>BC;H0C=867C
A4438=60=3$4BC8=6)7>AC40A43%F;"0HBC7A44C>4;4E4=F78C4466B8=06A>D=3=4BC;8=43F8C76A0BB
0=33>F=H540C74AB=4BC8BDBD0;;H1D8;C>=0B;867CA8364>A<>D=3F8C74=>D67E464C0C8>=5>A2>=240;<4=C
4<0;48=2D10C4B466B5>AC>30HB
;867C&0CC4A=>DH0=C5;867CAA0C825;867CF8C75;>??8=6F8=6140CB
(0=640=3018C0C)7>AC40A43%F;%22DAB>=4E4AH2>=C8=4=C4G24?C
DBCA0;800=3=C0A2C820?A454AB>?4=B?024BBD270B6A0BB;0=3B?A08A84B
06A82D;CDA0;584;3BB0;C<0AB74B4BCD0A84B<>D=C08=<403>FB0=3
CD=3A0
&=2062@@6<39.::2B@
2;4A5%.;420:
6;
*2645A
4
<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@&<:2A6:2@3<?:@
@:.990<9<;62@
?2216;4#<=B9.A6<;.6?9F0<::<;2096;6;4
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?; <AA921
299F#.AA2?;&A?6=21<?@A?2.821
?2.@A#.AA2?;&A?6=21<?@A?2.821
(*&*"*
!645A5.D8@.;1!645A7.?@.=?6:B9461.2
4=4A0;7D2:F8;;BF83>F"0A64=867C90AF8C7
4=C8A41>3H2><?;4G;H<>CC;43F8C71A>F=6A0H0=3
1;02:>;;0A8BF78C4C7A>0C8B1A>F=0=31A40BC
?0C278B30A:1A>F=*74C08;8BF78C443643"46B0=3
544C0A41A>F=443B0C=867C<>BC;H>=8=B42CB
>DH0=CB8;4=C5;867CF8C75;82:8=6F8=6140CB
>A068=60=34438=67D2:F8;;BF83>F443B>=
5;H8=68=B42CB0=3A4?>AC43;HC0:4BB<0;;18A3B0=3
10CBDBD0;;H3DA8=6<86A0C8>=5>A064B8=5;867C4G24?C
3DA8=6BD<<4A<>;CF74=8C5443B>=C746A>D=35>A
8=B42CB0=30<?78180=B
A4438=60=3$4BC8=67D2:F8;;BF83>F*F>?8=:>A1D55466BF8C7?DA?;46A0H>A1A>F=<0A:8=6B0A4
;083>=C7410A46A>D=3>A3403;40E4B=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=>DH0=C5;867C
(0=640=3018C0C7D2:F8;;BF83>FA443B5A><!0=B0B=380=0
0=3">=6B;0=3B>DC7C>D;52>0BCBC0C4B)?4=3BF8=C4AB27845;H8=C74
CA>?82B1DC054FF8=C4A8=;>A8300=30;>=6C74D;52>0BC%?4=
F>>3;0=3B0=32;40A8=6B=40A06A82D;CDA0;2>D=CAH0A4?A454AA437018C0CB
&=2062@.=?6:B94B@0.?<96;2;@6@
2;4A5%.;420:
6;
*2645A
4<G
*6;4@=.;%.;420:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;.6?9F0<::<;
.08#.AA2?; <AA921
299F#.AA2?;.??21<?/.;121
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
"
"!!'*
!645A5.D8@.;1!645A7.?@.=?6:B9461.2
4=4A0;><<>=$867C70F:#438D<=867C90AF8C7
F78C4B?42:;4330A:D??4A?0ACB1;02:0=3F78C4
10AA43D=34A?0ACB<>CC;431A40BCF78C4C7A>0C
-8=6B0A4;>=630A:6A0HF8C7F78C410AB=40A;H
2>E4A8=6C08;F74=5>;343A0H1A>F=;46B0=3544C
0AC8=64AA0C825;867CF8C75A4@D4=C270=64B>5
38A42C8>=
>A068=60=34438=6><<>=$867C70F:443B
>=<>B@D8C>4B5;H8=60=CB<>C7B144C;4B0=3>C74A
8=B42CB>A064B30H>A=867C>=C74F8=6D?C>
544C01>E4C746A>D=3F8C78CB4=>A<>DB<>DC7
BDAA>D=3431H1A8BC;4B8340;;HBD8C435>A04A80;
20?CDA40;C4A=0C4BB;>F5D;;F8=6140CBF8C71DABCB
>5@D82:B70;;>F140CBF78;47D=C8=6)><4C8<4B
5443B>=8=B42CB0CCA02C43C>;867CBA8=:B8=5;867C
B:8<<8=6C74F0C4ABDA5024F8C7;>F4A<0=381;4
A4438=60=3$4BC8=6><<>=$867C70F:"0HBCF>F78C4C>?0;4>;8E41D55466BB?>CC43F8C71A>F=0=3
6A0H8=0B<0;;6A>D=334?A4BB8>=>A8=28C84B>=5;0C6A0E4;A>>5C>?B4<0;48=2D10C4B466B5>A
0??A>G8<0C4;H30HB.>D=60A4B4<8?A42>280;0=3BC0ACC>5;H0C0A>D=330HB
;867C&0CC4A=);>FBC403HF8=6140CB0AC8=65;867C>=;>=6?>8=C43F8=6BF8C74AA0C82CF8BCB0=3CDA=B0=3
270=64B>538A42C8>=
(0=640=3018C0C><<>=$867C70F:A443BC7A>D67>DCC74+)
-8=C4AB0A4B?4=C8=)>DC7<4A820-4;;030?C43C>DA10=;854
5;0CC>??436A0E4;A>>5B?A>E834=4BC8=67018C0C0=3;867C8=6BHBC4<B
0A>D=31D8;38=6BB4AE40B5>A068=60A40B5>A8=B42CB
&=2062@5<?12692@:6;<?
2;4A5%.;420:
6;
*2645A4<G
*6;4@=.;%.;42
0:
6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;2096;6;4@9645A9F
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?; <AA921
299F#.AA2?;.??21<?/.;121
?2.@A#.AA2?;&=<AA21<?@=208921
*##""%*
!645A5.D8@.;1!645A7.?@.=?6:B9461.2
4=4A0;-78??>>AF8;;#438D<B8I43=867C90AF8C7
6A0H1A>F=1;02:<>CC;43D??4A?0ACB0=3?0;4
6A0H1;02:D=34A?0ACB*7A>0C8B1;02:4H41A>FB0=3
=42:10=30A4F78C4*08;8B;>=60=3A>D=343F8C7
;0A64F78C42>A=4A?0C274BA>F=;46B0=3544C
AA0C82<>C7;8:45;867C5;84B2;>B4C>C746A>D=30C
=867C
>A068=60=34438=6-78??>>AF8;;443B>=
5;H8=68=B42CBDBD0;;H0C=867C58=38=6?A4H1HB867C
0=3B>D=3)<0;;18;;>?4=B8=C>07D6460?8=6<0F
F74=8C5;84B05C4A?A4H>A068=6A4BD;CB8=4AA0C82
5;867CC70C8=2;D34BF744;8=628A2;8=66;838=60=3
7>E4A8=6
A4438=60=3$4BC8=6-78??>>AF8;;*F>6A0H0=31A>F=B2A0F;43F78C4466B0A4;0838=0B70;;>F
34?A4BB8>=0<>=63403;40E4B>5C4=8=H>D=64A6A>FC7=40A0F>>3;0=34364=2D10C8>=A0=64B5A><C>
30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=AA0C82<>C7;8:45;867C
(0=640=3018C0C-78??>>AF8;;A443B5A><)0B:0C274F0=0=3
#0A8C8<4&A>E8=24BB>DC7C>!0=B0B=>AC74A=">D8B80=00=3=>AC74A=
4>A6800=38=A8I>=0$4F#4G82>0=3F4BC4A=*4G0B)?4=3B
F8=C4AB8=;>A8300=30;>=6C74D;5>0BCB>DC7F0A3C>&0=0<0&A454AB
>?4=F>>3;0=3BF8C7F4;;B?0243CA44B
&=2062@.=?6:B94B@C<0632?B@
2;4A5%.;420:
6;
*2645A4<G
*6;4@=.;%.;42
0:
6;
?2216;4'F=2 <;<4.:<B@
?2216;4#<=B9.A6<;,2@/BAB;0<::<;
.08#.AA2?;&<961
299F#.AA2?;.??21<?/.;121
?2.@A#.AA2?;.??21<?/.;121
<=F?645A 6A05*.6A2?<B=
!,&*'
&D63A@=<161.2
4=4A0;78<=4H)F85C#438D<B8I43BF85C
D=85>A<;H30A:1A>F=F8C7B;867C;H?0;4AC7A>0C0=3
D??4A1A40BC=2>=B?82D>DBB?8=4B4GC4=3?0BCF410C
C8?B>5C08;540C74AB8;;;46B0=3544C0A41;02:
;867C8BA0?830=310C;8:4>=BF4?C102:F8=6B
0;C4A=0C4BF8C76;838=6)>0AB>=C74A<0;B0=3
D?3A05CB
>A068=60=34438=678<=4H)F85C443B>=
8=B42CB5>A064B8=5;867CB><4C8<4B@D8C47867
A8=:B1HB:8<<8=6C74F0C4ABDA50248=5;867C
A4438=60=3$4BC8=678<=4H)F85C*F>C>B4E4=F78C4466B0A4;0838=0=4BC<034>5CF86B24<4=C43
C>64C74AF8C7B0;8E00=350BC4=43C>8==4AF0;;>50278<=4H>AA0A4;H8=020E4>A7>;;>FCA44=2D10C8>=
A0=64B5A><C>30HB0=38B20AA843>DC1H1>C7?0A4=CB
;867C&0CC4A=(0?8310C;8:45;867C
(0=640=3018C0C78<=4H)F85CA443B5A><B>DC740BC4A=
)0B:0C274F0=B>DC74A=#0=8C>1024=CA0;%=C0A8>B>DC74A='D41420=3
$>E0)2>C80B>DC7C>D;52>0BCBC0C4B)?4=3BF8=C4AB8=C74CA>?82B
$4BCB0=3A>>BCB8=278<=4HB0=35443B4=C8A4;H>=C74F8=6>E4A5>A4BCB
>?4=2>D=CAH0=3C>F=B
&=2062@5.2AB?.=29.460.
2;4A5%.;42
0:6;
*2645A4<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@<9<;6.9<?@<96A.?F
;2@A2?
?2216;4#<=B9.A6<;.6?9F0<::<;A<0<::<;
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
!!(
!%
B::6;4/6?1@'?<056961.2
4=4A0;;02:278==43D<<8=618A3#438D<
7D<<8=618A3F8C7<4C0;;826A44=D??4A?0ACB6A0H
D=34A?0ACBF78C41A40BC6A44=F0B7435;0=:B403
0??40AB1;02:>E4A0;;F8C7F78C4B?>C1478=34H420?
8BE4AH30A:6A44=*7A>0C8B8A834B24=CE8>;4C18;;8B
;>=60=3B;867C;H342DAE43>A:43C08;8B30A:6A44=
F8C71;02:>DC4AC08;540C74AB
>A068=60=34438=6;02:278==43D<<8=618A3
84C2>=B8BCB>5=42C0A?>;;4=8=B42CB0=3BD60A
F0C4A5A><54434AB?A454AB=42C0A5A><5;>F4AB>5
CA44C>1022>B20A;4C;0A:B?DA0=334B4AC>2>C8;;>
A4438=60=3$4BC8=6;02:278==43D<<8=618A3%=4C>C7A44F78C4466B0A4;0838=0=4BC<034>55;D55H
?;0=CF>>;0=3;8274=BF>E4=C>64C74AF8C7B?834AF41B0=31D8;C8=0B7AD1>A;>FCA44=2D10C8>=A0=64B
5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=)F85CBCA>=638A42C5;867C0=5;H102:F0A3
(0=640=3018C0C;02:278==43D<<8=618A3A443B5A><A8C8B7
>;D<180B>DC7C>#4G82>0=324=CA0;*4G0B)?4=3BF8=C4AB8=#4G82>
&A454AA437018C0CB8=2;D34<>D=C08=0=30;?8=4<403>FBF>>3;0=3B
20=H>=BF8C7C782:4CB270?0AA0;0=3>A270A3B
&=2062@?0569<05B@.92E.;1?6
2;4A5%.;42
0:6;
*2645A4
<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2#<9F4.:<B@&<96A.?F;2@A2?
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
%(,'%"'(
!%
B::6;4/6?1@'?<056961.2
4=4A0;(D1HC7A>0C43D<<8=618A3#438D<
7D<<8=618A38A834B24=C6A44=D??4A?0ACB7403
5;0=:B+=34A?0ACB0A4?0;46A0H?0;4A1A40BC6A44=
F0B7>=B834B14;;HC7A>0C8B1A867CA43F8C71;02:
278=*08;8B30A:5>A:43443B?A8<0A8;H>==42C0A
8A42C0=37>E4A8=65;867CF8C7E4AHA0?83F8=6140CB
>A068=60=34438=6(D1HC7A>0C43D<<8=618A3
443B<>BC;H>==42C0A1DC0;B>40CB8=B42CB0=3
B?834AB?A454AA435;>F4AB8=2;D347>=4HBD2:;4
?4CD=80B=0BCDAC8D<B0=3;8;02B1DC8B>5C4=0CCA02C43
C>A435;>F4A43B?4284B>=BD<4BCF8248CB1>3H
F4867C402730H
A4438=60=3$4BC8=6(D1HC7A>0C43D<<8=618A3*F>F78C4466B0A4;0838=0=4BCF>E4=5A><?;0=C
3>F=74;3C>64C74AF8C7B?834AB8;:2>E4A43F8C7;8274=B0=3B033;43C>0CA441A0=27DBD0;;H8=05>A4BC
2;40A8=666B0A48=2D10C435>AC>30HB1HC7454<0;4
;867C&0CC4A=+?C>A0?83F8=6140CB?4AB42>=3
(0=640=3018C0C(D1HC7A>0C43D<<8=618A3A443B5A><B>DC74A=
0=030C>C74D;5>0BC>=;H7D<<8=618A3C70C1A443B40BC>5C74
#8BB8BB8??8(8E4A)?4=3BF8=C4AB<08=;H8=C74CA>?82B0=3A0A4;H>=C74
D;5>0BC>D=38=F>>3;0=3B>A270A3B0=360A34=B
&=2062@?0569<05B@0<9B/?6@
2;4A5%.;42
0:6;
*2645A4
<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2&<96A.?F;2@A2?
?2216;4#<=B9.A6<;<::<;A<3.6?9F0<::<;
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
%("(&(
!%
B::6;4/6?1@'?<056961.2
4=4A0;(D5>DBD<<8=618A3#438D<
7D<<8=618A31A867CAD5>DB1A>F=>E4A0;;F8C7F78C4
1A40BC0=340A?0C27A43>A0=64C7A>0C0=36A44=
B7>D;34AB(>D=343C08;8BAD5>DBF8C71;02:4364B
)><4<0;4BB7>F6A44=>=102:0=37403443B>=
8=B42CB0=3=42C0A8A42C0=37>E4A8=65;867CF8C7
A0?83F8=6140CB
>A068=60=34438=6(D5>DBD<<8=618A30CB
<>BC;H=42C0A1DC0;B>B0?5A><B0?BD2:4AF4;;B
8=B42CB0=3B?834ABCCA02C43C>7>=4HBD2:;4B20A;4C
B0647>AB4<8=C0=31;02:;>2DBC0;B>A43CD1D;0A
5;>F4AB>=BD<4BD?C>C8<4B8CB1>3HF4867C
308;H
A4438=60=3$4BC8=6(D5>DBD<<8=618A3*F>F78C4466B0A4;0838=0;8274=2>E4A432D?=4BC<034>5
?;0=C3>F=0=3B?834AF41B0CC02743C>07>A8I>=C0;1A0=27=2D10C8>=A0=64B5A><C>30HB0=38B
20AA843>DC1HC7454<0;4
;867C&0CC4A=>E4ABF74=54438=6
(0=640=3018C0C(D5>DBD<<8=618A3A443B5A><B>DC740BC4A=
;0B:0A8C8B7>;D<180B>DC7F4BC4A=;14AC00=3F4BC4A=#>=C0=0
B>DC7C>-0B78=6C>=%A46>=307>0=3=>AC74A=0;85>A=80)?4=3B
F8=C4AB<08=;H8=#4G82>0=3>22DAB8=B<0;;=D<14AB0;>=6C74D;5
>0BC3DA8=6<86A0C8>=0=38=F8=C4A&A454AA437018C0CB8=2;D345>A4BCB
A8?0A80=B7AD1;>F;0=3BCA40<1>CC><B5>>C78;;1ADB7;0=3B2>0BCB0=3
7867<>D=C08=<403>FB
&=2062@&29.@=5<?B@?B3B@
2;4A5%.;42
0:6;
*2645A4
<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2#<9F4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;/B;1.;A
.08#.AA2?;&=<AA21<?@=208921
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
'!&%
6;436@52?@90216;61.2
4=4A0;4;C43!8=658B74A#438D<:8=658B74A
38BC8=2C1DB7H2A4BCF78C42>;;0A0=3;0A641;02:
30664A;8:418;;+??4A?0ACB0A41;D46A0H0=3
D=34A?0ACB0A4F78C4*74<0;470B1;D46A0H1A40BC
10=3"46B0=3544C0A46A0H);>F38A42C5;867CF8C7
4AA0C82?0CC4A=>E4AB01>E4F0C4AC>B40A275>A?A4H
>A068=60=34438=64;C43!8=658B74A0CB58B7
>220B8>=0;;HC>>;>=6C>BF0;;>F2><?;4C4;H
022>D=C8=65>AB867C8=6B>558B7C08;BBC82:8=6>DC5A><
C7418;;F74=58B70A4B20A245443B>=<>;;DB:B
2ADBC0240=B8=B42CB0<?78180=BA4?C8;4BH>D=6
18A3BB<0;;<0<<0;B0=314AA84B&;D=6438E4B5>A
?A4H
A4438=60=3$4BC8=64;C43!8=658B74A8E4C>4867CF78C4466B0A4;0838=0=4BC8=620E8CH0CC744=3>50
;>=6CD==4;4G20E0C431HC74?0A4=CBDBD0;;H8=0A8E4A10=:>5B0=3>A2;0H=2D10C8>=A0=64B5A><C>
30HB0=38B20AA843>DC1H1>C7?0A4=CBF8C7C7454<0;4B8CC8=6C7A>D67C74=867C0=3C74<0;4C0:8=674A
?;0248=C7440A;H<>A=8=67>DAB
;867C&0CC4A=);>F38A42C5;867CF8C7B><4F70C4AA0C82?0CC4A=>E4AB01>E4F0C4A
(0=640=3018C0C4;C43!8=658B74AA443B5A><;0B:040BCF0A3
02A>BBB>DC74A=0=0300=3B>DC7C7A>D67>DC<>BC>5+))?4=3B
F8=C4AB>=C74&0285822>0BC=>AC7C>B>DC740BC4A=;0B:00=3C7A>D67>DC
C74B>DC7=>AC7C>C74A40C"0:4B0=30;>=6C74C;0=C822>0BCC>$4F
=6;0=3&A454AA437018C0CB8=2;D34A8E4AB;0:4B0=3B0;CF0C4A4BCD0A84B
&=2062@2?F92.90F<;
2;4A5%.;420:
6;
*2645A
4<G
*6;4@=.;%.;420:6;
?2216;4'F=2 <;<4.:<B@
?2216;4#<=B9.A6<;&9645A12096;2
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;.??21<?/.;121
"*!,*""#%
*<<1=2082?@#6061.2
4=4A0;>F=H->>3?42:4A*74B<0;;4BC
F>>3?42:4A8=$>AC7<4A8200B0F78C4102:
1;02:=0?40=31;02:F8=6BF8C7F78C4B?>CC8=6
+=34A?0ACB0A4F78C40248BF78C4F8C71;02:BCA8?4B
8=32A>F=?0C278BA43*08;8B1;02:F8C7
1;02:B?>CC43>A10AA43F78C4>DC4AC08;540C74AB8;;
8B1;02:0=3B7>AC
>A068=60=34438=6>F=H->>3?42:4A84C
2>=B8BCB>58=B42CB0=3B443B<0;45>A064B78674A8=
CA44C70=54<0;45443B>=BD4C0C54434AB
A4438=60=3$4BC8=6>F=H->>3?42:4A*7A44C>B4E4=F78C4466B0A4;0838=010A47>;48=0CA4466B
0A48=2D10C435>A0??A>G8<0C4;H30HB1H1>C7?0A4=CB
;867C&0CC4A=(0?83;H140C8=6F8=6B+=3D;0C8=65;867C
(0=640=3018C0C>F=H->>3?42:4A(4B834=C5A><;0B:002A>BB
0=0300=3B>DC7C7A>D67>DCC74+)4G24?C8=C74B>DC7F4BC&A454AA43
7018C0CB8=2;D34F>>3;0=3B?0A:B0=360A34=B
&=2062@#60<612@=B/2@02;@
2;4A5%.;42
0:6;
*2645A4
<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@
?2216;4#<=B9.A6<;*612@=?2.1
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
!"%'%!%
*<<1=2082?@#6061.2
4=4A0;$>AC74A=;82:4A#438D<F>>3?42:4A
1;02:10AA431A>F=102:F78C4AD<?1;02:C08;
+=34A?0ACB0A41;02:B?>CC43?0;41A>F=F8C71;02:
2A4B24=C>=1A40BC0248B6A0HF8C71A>F=2A>F=
0=35>A47403"46B0=3544C0A46A0H*74A48B0
(43B705C43B7>F=74A40=30.4;;>FB705C43A024
>A068=60=34438=6$>AC74A=;82:4A84C
2>=B8BCB?A8<0A8;H>50=CB0;B>40CB>C74A8=B42CB
14AA84B0=35AD8CB5>A064B8=CA44BB7AD1B0=3>=C74
6A>D=3
A4438=60=3$4BC8=6$>AC74A=;82:4A*7A44C>CF4;E4F78C4466B0A4;0838=020E8CH8=0CA44DC8;8CH?>;4
>A18A37>DB4DBD0;;H4G20E0C4B=4BC20E8C84B8=3403>A38B40B43CA44CAD=:B>A;0A641A0=274B=2D10C8>=
A0=64B5A><C>30HB0=38B20AA843>DC1H1>C7?0A4=CB
;867C&0CC4A=)4E4A0;A0?83F8=6140CB0=3C74=0?0DB4F8C7F8=6B5>;3430CB834B?A>3D28=6D?0=33>F=
5;867C?0CC4A=
(0=640=3018C0C$>AC74A=;82:4A(4B834=C5A><;0B:040BCC7A>D67
#0=8C>10C>$4F5>D=3;0=30=3B>DC7C7A>D67>DCC74+)$>AC74A=<>BC
18A3B0A4<86A0C>AH&A454AB5>A4BC4364B0=3>?4=F>>3;0=3B
0??A>0278=6B0E0==0B
&=2062@<9.=A2@.B?.AB@
2;4A5%.;420:
6;
*2645A
4<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;.??21<?/.;121
299F#.AA2?;&=<AA21<?@=208921
?2.@A#.AA2?;&=<AA21<?@=208921
%*""#%
*<<1=2082?@#6061.2
4=4A0;(4314;;843->>3?42:4A#438D<
F>>3?42:4A1;02:0=3F78C410AA43D??4A?0ACB?0;4
6A0H1A>F=D=34A?0ACBF8C78=38BC8=2CA43F0B7>=
14;;H40370B1A867CA432A>F=0=3=0?4?0;4
1A>F=5024-78C4AD<?F78C4F8=6?0C274B0=3
F78C410AA4324=CA0;C08;540C74AB0A4E8B81;48=5;867C
>A068=60=34438=6(4314;;843->>3?42:4A0CB
8=B42CB5AD8CBE464C01;4BB443B0=3B0?5A><
B0?BD2:4A3A8;;F4;;B
A4438=60=3$4BC8=6(4314;;843->>3?42:4A*7A44C>4867CF78C4466B0A4;0838=CA4420E8CH1D8;C1H
1>C7?0A4=CB>A8=0=010=3>=437>;4>5>C74AF>>3?42:4AB=2D10C8>=A0=64B5A><C>30HB0=38B
20AA843>DC1H1>C7?0A4=CB<0;40C=867C54<0;43DA8=6C7430H
;867C&0CC4A=+=3D;0C8=65;867CF8C7508A;HA0?83F8=6140CB8=C4AB?4AB43F8C7?4A8>3B>5A>;;4A2>0BC4A5;867C
F8C7F8=6B5>;343
(0=640=3018C0C(4314;;843->>3?42:4AA443B5A><)>DC70:>C0
A40C"0:4B0=3B>DC74A=$4F=6;0=3B>DC7C>C74D;5>0BC0=3
;>A830$>AC74A=<>BC18A3BB><4C8<4B<86A0C4B>DC75>AF8=C4A=7018CB
>?4=0=3BF0<?HF>>3;0=3B2><4B8=C>?0A:B3DA8=6<86A0C8>=0=3C>
54434AB8=F8=C4A
&=2062@ 29.;2?=2@0.?<96;B@
2;4A5%.;420:
6;
*2645A4<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;<::<;A<3.6?9F0<::<;
.08#.AA2?;.??21<?/.;121
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
%*""#%
*<<1=2082?@#6061.2
4=4A0;(43740343->>3?42:4A#438D<B8I43
F>>3?42:4AF8C71;02:D??4A?0ACB0=3C08;0=3F78C4
D=34A?0ACB0=3AD<?*747403C7A>0C0=3D??4A
1A40BC0A430A:A43-8=6B0A41;02:F8C7;0A64F78C4
?0C274B8;;;46B0=3544C0A41;02:*78B8BC74>=;H
F>>3?42:4A8=C7440BCF8C702><?;4C4;HA437403
>A068=60=34438=6(43740343->>3?42:4A
0CB8=B42CBB?834AB<8;;8?434B0=324=C8?434B
B443BE0A8>DB=DCB0=314AA84B5>A064B1H7D=C8=6
5A><;>F?4A274B5;H8=63>F=C>6A>D=3C>?82:D?
?A4H>A=DCB
A4438=60=3$4BC8=6(43740343->>3?42:4A>DAC>B4E4=F78C4466B0A4;0838=020E8CH3A8;;438=0
;8<1>50;8E8=6>A3403CA44<>BC;H1HC74<0;4=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1H
1>C7?0A4=CB
;867C&0CC4A=)CA>=65;867CF8C7B;>FBC403HB70;;>FF8=6140CB)0;;84B5>A5;H8=68=B42CBC74=A4CDA=BC>
B0<4>A=40A1H?4A27
(0=640=3018C0C(43740343->>3?42:4AA443B5A><
)0B:0C274F0=#0=8C>100=3'D4142B>DC7C>;>A8300=3C74D;5
>0BCB20A248==>AC740BC4A=BC0C4B)?4=3BF8=C4AB8=B>DC74A=?0AC>5
1A4438=6A0=64
&=2062@ 29.;2?=2@2?FA5?<02=5.9B@
2;4A5%.;420:6;
*2645A
4<G
*6;4@=.;%.;42
0:
6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;,2@/BAB;0<::<;
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
,"*&#&(%
*<<1=2082?@#6061.2
4=4A0;.4;;>F14;;843)0?BD2:4A#438D<
F>>3?42:4A1;02:0=3F78C4<>CC;43D??4A?0ACB
F78C4AD<?H4;;>FF0B743F78C4D=34A?0ACB(43
C7A>0C1;02:1>A34A(432A>F=1;02:0=3F78C4
BCA8?435024=42:0A:F8=6B70E4F78C4B7>D;34A
?0C27;02:C08;70B1;02:10AA43F78C424=C4ABCA8?4
>A068=60=34438=6.4;;>F14;;843)0?BD2:4A
443B>=B0?8=B42CB5AD8CB0=314AA84B0<<4AB
CA44B5>A8=B42CB0;B>2A40C4BB0?F4;;B8=10A:C>
2>;;42CB0?0=3CA0?8=B42CBB><4C8<4B20C274B8=B42CB
8=<8308A
A4438=60=3$4BC8=6.4;;>F14;;843)0?BD2:4A>DAC>B4E4=F78C4466B0A4;0838=0CA4420E8CH;8=43F8C7
F>>3278?B=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1H1>C7?0A4=CB<0;40C=867C54<0;4
3DA8=6C7430H
;867C&0CC4A=;C4A=0C4BB4E4A0;A0?83B70;;>FF8=6140CBF8C7B7>AC6;834B
(0=640=3018C0C.4;;>F14;;843)0?BD2:4AA443B02A>BB0=03040BC
>5C74(>2:84BC>B>DC74A="01A03>A0=3$4F5>D=3;0=3B>DC7C>C74
=>AC74A=+)5A><$>AC70:>C0C>$4F.>A:0=3>==42C82DC0=3B>DC7
C7A>D67C74??0;02780=BC>=>AC7F4BC4>A680)?4=3BF8=C4AB8=C74
B>DC740BC4A=+)C74-4BC=384B0=38=<833;40=378670;C8CD34B>5
4=CA0;<4A8200B50AB>DC70B&0=0<0&A454AA437018C0CB8=2;D34
34283D>DB0=3<8G43F>>3B8=5>>C78;;B0=3;>F4A<>=C0=4A468>=B
&=2062@&=5F?.=60B@C.?6B@
2;4A5%.;420:6;
*2645A
4
<G
*6;4@=.;%.;42
0:
6;
?2216;4'F=2 <;<4.:<B@<<@20<9<;62@
&:.990<9<;62@
?2216;4#<=B9.A6<;<::<;A<3.6?9F0<::<;
.08#.AA2?;.??21<?/.;121
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
!,'%
9F0.A052?@'F?.;;61.2
4=4A0;20380=;H20C274A)<0;;5;H20C274AF8C7
>;8E46A0HD??4A?0ACB?0;46A0HC7A>0C38BC8=2C8E4
?0;4H4;;>F4H4A8=6F78C4;>F4A1A40BCH4;;>F
14;;HD=34AC08;2>E4ACB-8=6B0A4>;8E46A0HF8C7
CF>1D55F8=610AB">=61A>0310B4318;;F8C7
H4;;>F>A0=64;>F4A<0=381;4;02:;46B544C
>A068=60=34438=620380=;H20C274A0CB0
F834E0A84CH>55;H8=68=B42CB&4A274B8=B7034>=
;>F4AC><83;4E4;1A0=274B8=C782:CA44BC>0F08C
5>>3C74=30B74B>DCC>B=0C278=B42C8=<8308A
A4438=60=3$4BC8=620380=;H20C274A*F>C>5>DA1A>F=B?>CC432A40<HF78C4466B0A4;0838=0
B;>??H2D?=4BC<034>5BC82:B6A0BB3A843BC4<B18CB>510A:0=32>1F41$4BC8B;8=43F8C76A0BB708A
0=3?;0=C3>F=0=31D8;C>=07>A8I>=C0;;8<1F4;;>DC5A><C74CAD=:=2D10C8>=A0=64B5A><C>30HB
0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=-40:5;DCC4A8=65;867CF8C7B70;;>FF8=6140CB
(0=640=3018C0C20380=;H20C274AA443B5A><B>DC74A=#8==4B>C0
40BCC7A>D67B>DC74A=$4F=6;0=3B>DC7C>C74D;5>0BC0=324=CA0;
;>A830)?4=3BF8=C4AB8=C74CA>?82B&A454AA437018C0CB8=2;D3414427
<0?;40=374<;>2:5>A4BCBDBD0;;HD=34AC7420=>?H1DC0;B>8=
2;40A8=6B>5C4=8=F>>343A0E8=4B
&=2062@:=61<;.EC6?2@02;@
2;4A5%.;42
0:6;
*2645A
4<G
*6;4@=.;%.;420:6;
?2216;4'F=2 <;<4.:<B@
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
%,'%
9F0.A052?@'F?.;;61.2
4=4A0;;34A;H20C274A)<0;;5;H20C274AF8C7
>;8E41A>F=D??4A?0ACBF78C4D=34A?0ACB0=3
8=38BC8=2CF78C44H4A8=6-8=6B0A4>;8E41A>F=F8C7
CF>F78C4>A?0;410AB8;;8BB7>ACF8C7>A0=64;>F4A
<0=381;4;02:;46B0=3544C-40:5;DCC4A8=638A42C
5;867CF8C7B70;;>FA0?83F8=6140CB
>A068=60=34438=6;34A;H20C274A443B>=
8=B42CB14AA84B0=3054FB443BA4@D4=C;H7>E4AB
0=3B=0C274B5;H8=6?A4H5A><C7408A0;B>6;40=B
8=B42CB14AA84B0=3B443B5A><E464C0C8>=
A4438=60=3$4BC8=6;34A;H20C274A*7A44C>5>DA1A>F=B?>CC43F78C4466B0A4;0838=02D?B70?43
=4BC<0345A><10A:F443BBC4<B0=36A0BB0=3;8=43F8C7?;0=C3>F=>A>C74AB>5C<0C4A80;B$4BC8B1D8;C
8=0B7AD1>ACA44C>544C01>E4C746A>D=3=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC74
54<0;4
;867C&0CC4A=-40:5;DCC4A8=638A42C5;867CF8C7B70;;>FF8=6140CB
(0=640=3018C0C;34A;H20C274AA443B5A><;0B:040BCC7A>D67
#0=8C>10C>$4F5>D=3;0=30=3B>DC7C>A8C8B7>;D<180A40C"0:4B
A468>=0=3B>DC74A=$4F=6;0=3)?4=3BF8=C4AB8=CA>?82B&A454AA43
7018C0CB8=2;D340;34A0=318A27C782:4CB=40AA8?0A80=0A40BBF0<?B
1>6B0=3?>=3B
&=2062@:=61<;.E.9;<?B:
2;4A5%.;42
0:6;
*2645A
4<G
*6;4@=.;%.;420:6;
?2216;4'F=2 <;<4.:<B@
?2216;4#<=B9.A6<;&A./92
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
&'%"','%
9F0.A052?@'F?.;;61.2
4=4A0;B7C7A>0C43;H20C274A#438D<5;H20C274A
F8C76A0H1A>F=D??4A?0ACB?0;46A0HC7A>0C0=3
1A40BC0=36A0H1A>F=C08;F8C7AD5>DB7867;867CB
*74?0;4H4;;>F14;;H38BC8=6D8B74BC78BB?4284B5A><
>C74A#H80A27DB5;H20C274AB8;;;46B0=3544C0A4
1;02:)CA>=65;867CF8C7B70;;>FF8=6140CB
>A068=60=34438=6B7C7A>0C43;H20C274A
443B>=8=B42CB5;H8=65A><?4A27C>20?CDA4C74<8=
5;867C>AC0:8=6C74<>=C746A>D=3>220B8>=0;;H40CB
5AD8CB14AA84B0=3B<0;;;8I0A3B
A4438=60=3$4BC8=6B7C7A>0C43;H20C274A*7A44C>B4E4=1A>F=BCA40:43F78C4466B0A4;0838=0
;>>B42D?>56A0BBA>>C;4CB0=3BC4<B1D8;C8=0=0CDA0;CA4420E8CH;4BBC70=544C01>E4C746A>D=3
)><4C8<4B=4BCB8=0=010=3>=43F>>3?42:4A7>;4<0H38B?;024B<0;;4A18A3B5A><0=>22D?84320E8CH
$4BC8B;8=43F8C75DA708A0=3B><4C8<4BB=0:4B:8=4<0;48=2D10C4B466B5>A01>DC30HB>5C4=;40E4B
=4BC5>A7>DAB0C0C8<44B?4280;;H3DA8=6C747>CC4BC?0AC>5C7430H
;867C&0CC4A=08A;HBCA>=65;867CF8C7B70;;>FF8=6140CB>E4AB145>A438??8=6C>20C27?A4H
(0=640=3018C0CB7C7A>0C43;H20C274AA443B0B50A=>AC70B
%A46>=0=3-0B78=6C>=0B50A40BC0B24=CA0;*4G0B0=30B50AB>DC70B
24=CA0;#4G82>&A454AA437018C0CB8=2;D34>?4=F>>3;0=3BBCA40<B834
C782:4CB>0:B2AD13AH?;08=BB?>CC43F8C7CA44B>A202C80=334B4ACB
&=2062@ F6.?05B@06;2?.@02;@
2;4A5%.;420:6;
*2645A4
<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;<::<;A<3.6?9F0<::<;
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
&'%!!%
9F0.A052?@'F?.;;61.2
4=4A0;0BC4A=!8=618A3"0A645;H20C274A
1;D41;02:102:F8=6B1;02:C08;F8C7F78C4C4A<8=0;
10=3F78C4D=34A?0ACB4038B1;02:70B
8=2>=B?82D>DBA432A>F=540C74ABE8B81;4F74=18A38B
38B?;0H8=6;02:18;;;46B544C;DCC4A8=6
BC855F8=64338A42C5;867CF8C7B70;;>FF8=6140CB
>A068=60=34438=60BC4A=!8=618A3443B>=
8=B42CB0=35AD8CB>5C4=5>A064B1H7>E4A8=60=3
?>D=28=6>=?A4H>=C746A>D=3
A4438=60=3$4BC8=60BC4A=!8=618A3*7A44C>58E4F78C4C>?0;4?8=:466B<0A:43F8C71A>F=;0E4=34A
0=36A0H0A4;0838=02D?=4BC<034>5F443BCF86B0=36A0BB;8=43F8C76A0BB0=30=8<0;708A0=31D8;C50A
C><83F0H>DC>=07>A8I>=C0;CA44>AB7AD11A0=270;B>=4BCB8=20E8C84B0=37D<0=<034BCAD2CDA4B
=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=;DCC4A8=638A42C5;867CF8C7B70;;>FF8=6140CB
(0=640=3018C0C0BC4A=!8=618A3A443B5A><A8C8B7>;D<180
02A>BB8=C4A8>A0=030C>#0A8C8<4&A>E8=24B0=3B>DC7C>=>AC74A=
0;85>A=8024=CA0;*4G0BC74D;52>0BC0=3;>A830)?4=3BF8=C4AB8=
C74CA>?82B=7018CB>?4=F>>3;0=3B2;40A8=6BADA0;A>03B834B50A<B
>A270A3B4364B>5584;3BBCA40<B0=3BD1DA1B
&=2062@'F?.;;B@AF?.;;B@
2;4A5%.;420:6;
*2645A4
<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
&'%!#"
9F0.A052?@'F?.;;61.2
4=4A0;0BC4A=&7>414)<0;;5;H20C274AF8C730A:
6A0H1A>F=D??4A?0ACB0=3B;867C;H30A:4AF8=6B0=3
C08;+=34A?0ACB0A4?0;4F8C778=C>5>;8E41A>F=>A
H4;;>F>=B834B0=31A40BC8;;;46B0=3544C0A4
1;02:443B>=8=B42CBB<0;;58B714AA84B0=35AD8C
-40:5;DCC4A8=61>DH0=C5;867C
>A068=60=34438=60BC4A=&7>414443B>=
8=B42CBB<0;;58B714AA84B0=35AD8CB>A064B5A><
0C>?CA441A0=274B0=3>C74A?4A274B5;H8=6>DCC>
20C27?A4H8=<8308A0;B>6;40=B5>>35A><5>;8064
>=C746A>D=30=30CC74F0C4ABDA5024
A4438=60=3$4BC8=60BC4A=&7>414*F>C>4867CF78C4466BF8C7>220B8>=0;A431A>F=B?>CB0A4;0838=
0=4BC<034>5<D3?4;;4CB2>E4A43F8C7<>BB0=3;8=43F8C76A0BBF443B;40E4B708A0=3540C74AB$4BC8B
=>A<0;;H1D8;C>=C>?>50=>;3=4BC>A0CC02743C>01D8;38=6=2D10C8>=8B01>DC30HB0=38B20AA843>DC
1H1>C7?0A4=CB
;867C&0CC4A=-40:1D>H0=C5;DCC4A8=65;867CF8C7B70;;>FF8=6140CB
(0=640=3018C0C0BC4A=&7>414A443B=>AC7>5C74#0B>=8G>=
"8=48=$>AC7<4A820B?4=3BF8=C4AB0B50A=>AC70BC74%78>(8E4A
&=2062@&.F<?;6@=5<2/2
2;4A5%.;42
0:6;
*2645A4<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
&'%!*""#*
9F0.A052?@'F?.;;61.2
4=4A0;0BC4A=->>3&4F44)<0;;5;H20C274A
6A0H>;8E4D??4A?0ACB?0;46A0HD=34A?0ACB8;;8B
30A:4G24?C5>AH4;;>F10B4>5;>F4A<0=381;4-8=6B
0A430A:F8C7CF>F78C410AB;02:;46B544C443B
>=8=B42CBB?834AB0=314AA84B);>F5;DCC4A8=638A42C
5;867C>=B70;;>FF8=6140CB
>A068=60=34438=60BC4A=->>3&4F44443B
>=B<0;;5;H8=68=B42CB8=2;D38=65;84B144B
1DCC4A5;84BF0B?B0=3144C;4B)0;;84B>DC5A><0=
4G?>B43?4A27C>20?CDA4?A4HDBD0;;HA4CDA=8=6C>C74
B0<4?4A27>220B8>=0;;HC0:4B8=B42CB5A><C74
6A>D=3>AE464C0C8>=
A4438=60=3$4BC8=60BC4A=->>3&4F44*F>C>5>DAF78C4466BF8C71A>F=0=3?DA?;41;>C274B0A4
;0838=0B70;;>F2D?>5F>E4=6A0BBF443BF>>;10A:BCA8?BCF86BA>>CB<>BB4B?8=4=443;4B0=3;40E4B
20<>D5;0643F8C7B?834AF41B0=3;8274=B$4BC8B1D8;C>=07>A8I>=C0;;8<1F4;;>DC5A><CAD=:5A4@D4=C;H
>=03403CF86>50;8E8=6CA44=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=);>F5;867CF8C7B70;;>FF8=6140CB
(0=640=3018C0C0BC4A=->>3&4F44A443B5A><40BC4A=A40C
&;08=BC>C74C;0=C82%240=A0=68=65A><B>DC74A=0=030
)0B:0C274F0=C>C74#0A8C8<4&A>E8=24BC>=>AC74A=;>A830C74D;5
2>0BC0=324=CA0;*4G0B)?4=3BF8=C4AB8=C74CA>?82B&A454AA437018C0CB
8=2;D34=>AC74A=70A3F>>3?8=4>0:>0:782:>AH1>CC><;0=370A3F>>3
B>DC74A=?8=4B0E0==070=3<83F4BC4A=5>A4BCB0;B>5>D=38=>A270A3B
?0A:BA>03B834B0=3BD1DA10=0A40B
&=2062@<;A<=B@C6?2;@
2;4A5%.;42
0:6;
*2645A
4<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@
?2216;4#<=B9.A6<;.6?9F0<::<;
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
%'%&','%
9F0.A052?@'F?.;;61.2
4=4A0;A40CA4BC43;H20C274A"0A642A4BC43
5;H20C274AF8C7>;8E46A44=D??4A?0ACB403C7A>0C
0=3D??4A1A40BC0A46A0H14;;H8BH4;;>F0=3
D=34AC08;2>E4ACB0A4;4<>=H4;;>F8;;8B740EH0=3
1;02:-8=6B0A430A:F8C7AD5>DB?0C274B*08;8B
AD5>DB)F85C1>DH0=C38A42C5;867C
>A068=60=34438=6A40CA4BC43;H20C274A0CB
E0A84CH>5;0A648=B42CB8=2;D38=6144C;4B2A82:4CB
:0CH383B20C4A?8;;0AB<>C7B0=31DCC4A5;84B0;B>40CB
5AD8CB0=314AA84B5>A064B1H5;H8=65A><0?4A27C>
B=0C278=B42CB5A><5>;8064<8308A>A>=C746A>D=3
A4438=60=3$4BC8=6A40CA4BC43;H20C274A>DAC>4867CF78C4C>1D55466B<0A:43F8C71A>F=>;8E4
0=3;0E4=34A0A4;0838=0=4BC58;;430=3;8=43F8C76A0BBF443B10A:BCA8?BA>>C;4CB540C74AB5DAB=0:4
B:8=>=8>=B:8=0=324;;>?70=4$4BC8BDBD0;;H1D8;C8=020E8CH010=3>=437>;4>50=>C74A18A3>A18A3
1>G
;867C&0CC4A=08A;HBF85C1D>H0=C38A42C5;867C0F:B8=B42CB8=5;867CA4CDA=8=6C>?4A27>E4AB>E4A
5>;8064>A6A>D=3C74=38?B5>A5>>3
(0=640=3018C0CA40CA4BC43;H20C274AA443B5A><B>DC724=CA0;
0=3B>DC740BC4A=0=030C>C74D;52>0BC)?4=3BF8=C4AB8=B>DC74A=
;>A8300;B>8=CA>?82B
&=2062@ F6.?05B@0?6;6AB@
2;4A5%.;420:6;
*2645A4
<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
&','%
9F0.A052?@'F?.;;61.2
4=4A0;"40BC;H20C274A)<0;;5;H20C274AF8C7
>;8E46A0HD??4A?0ACB6A0H1A40BC0=3?0;4H4;;>F
14;;HH4A8=68BF78C4*7418;;70B?0;4;>F4A
<0=381;4F8C730A:C8?"46B0=3544C0A41;02:443B
>=8=B42CBB?834AB14AA84B0=3B443B-40:5;DCC4A8=6
38A42C5;867CF8C7B70;;>FF8=6140CB
>A068=60=34438=6"40BC;H20C274A443B>=
8=B42CBB><4B?834AB0=3054F14AA84B0=3B443B
5>A064B5A><1A0=274B0=35>;80641H?4A278=6C>B?>C
?A4H0=3C74=5;H8=6>DCC>20C278C8=<8308A
A4438=60=3$4BC8=6"40BC;H20C274A*7A44C>B8G2A40<HF78C4466B0A4;0838=0=4BC<034>56A0BB10A:
BCA8?BCF86B;8274=B0=3?;0=C5814AB1>D=31HB?834A>A20C4A?8;;0AF41B0=31D8;C8=0CA44>AB7AD1C>
544C01>E4C746A>D=3=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1H1>C7?0A4=CB
;867C&0CC4A=-40:5;DCC4A8=638A42C5;867CF8C7B70;;>FF8=6140CB)0;;84BC>C0:48=B42CB8=5;867C0=3
A4CDA=BC>B0<4>A=40A1H?4A27
(0=640=3018C0C"40BC;H20C274AA443B5A><B>DC74A=.D:>=C>
=>AC74A=)0B:0C274F0=0=3$4FAD=BF82:B>DC7C>B>DC74A=A8C8B7
>;D<180=>AC740BC4A=-H><8=640BC4A=$41A0B:0B>DC74A=#8BB>DA8
B>DC724=CA0;=380=0&4==BH;E0=800=3$4F 4AB4H0=3C>B>DC74A=
??0;02780=BF8=C4AB5A><=>AC74A=#4G82>C>$820A06D0-834;H
38BCA81DC438=>?4=2>D=CAH?A454ABB7034CA44B0=3>A270A3B8=E8;;064B
0=328CH?0A:B0=30;>=6ADA0;A>03B834B0=3F>>3;0=31>A34AB
&=2062@:=61<;.E:6;6:B@
2;4A5%.;42
0:6;
*2645A
4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@&:.990<9<;62@
&2:60<9<;6.9
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
")&,'%
9F0.A052?@'F?.;;61.2
4=4A0;%;8E4B8343;H20C274A"0A64740EH18;;43
5;H20C274AF8C730A:>;8E41A>F=D??4A?0ACBBCA40:43
>;8E41A>F=B834B0=3F78C4D=34A?0ACB40370B
B;867C2A4BC0=3508=CF78C44H4A8=6-8=6B0A430A:
F8C7CF>?0;410AB0A:C08;8BA4;0C8E4;HB7>AC1A>03
0=3B;867C;H=>C2743;02:;46B544C
>A068=60=34438=6%;8E4B8343;H20C274A84C
2>=B8BCB<>BC;H>55;H8=68=B42CB8=2;D38=6144B
F0B?B5;H8=60=CB<>C7B6A0BB7>??4AB0=3
3A06>=5;84B20C274B5>>38=<8308A
A4438=60=3$4BC8=6%;8E4B8343;H20C274A*7A44C>5>DA1A>F=0=36A0HB?>CC43F78C4C>?8=:466B0A4
;0838=0CF86=4BC;8=43F8C7;8274=B<>BB4B0=36A0BB0=31D8;C=40AC744=3>501A0=270<>=6C745>;8064
F4;;D?8=0=4E4A6A44=CA44=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=)F85C38A42C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0C%;8E4B8343;H20C274AA443B8=;0B:040BC02A>BB
0=030C>=>AC74A=$4F=6;0=30=3B>DC7C>C74<>D=C08=B>5
0;85>A=80A8I>=00=3$4F#4G82>)?4=3BF8=C4AB8=C74CA>?82B
&A454AA437018C0CB8=2;D341>A40;B?AD240=358A5>A4BCBDBD0;;H=40A
>?4=8=6B1DA=B?>=3B0=31>6B
&=2062@<;A<=B@0<<=2?6
2;4A5%.;42
0:6;
*2645A
4
<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;.6?9F0<::<;
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
&&&"%','%
9F0.A052?@'F?.;;61.2
4=4A0;)28BB>AC08;43;H20C274A#438D<5;H20C274A
F8C7?0;46A0HD??4A?0ACB0=37403F78C4D=34A?0ACB
0=3C7A>0CB0;<>=?8=:B834B0=35;0=:B0=330A:
1A>F=F8=6BF8C7F78C44364B*08;8B;>=60=3
B28BB>A;8:41;02:01>E4F8C7F78C4>DC4A4364B0=3
F78C414;>FF8C71;02:8==4A4364B
>A068=60=34438=6)28BB>AC08;43;H20C274A0CB
8=B42CB4B?4280;;H6A0BB7>??4AB0=32A82:4CB&4A274B
>=1A0=27DC8;8CHF8A4>A54=245;H8=63>F=C>
20?CDA4?A4H>=C746A>D=3
A4438=60=3$4BC8=6)28BB>AC08;43;H20C274A*7A44C>B8GF78C4466BF8C7A431A>F=>;8E40=36A0H
1;>C274B0A4;0838=0=4BC<034>5CF86B;8=43F8C7A>>C;4CB6A0BBF443B0=3708A0=31D8;C5A><C>
544C01>E4C746A>D=38=0CA44B7AD1DC8;8CH?>;4?>BC1D8;38=6>A>C74A<0=<034BCAD2CDA4=2D10C8>=
A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A="867C1D>H0=C38A42C5;867CF8C7B70;;>FF8=6140CB>E4AB1A845;H>E4A?A4H145>A438??8=6
C>?82:8CD?
(0=640=3018C0C)28BB>AC08;43;H20C274AA443B5A><40BC4A=
>;>A03>0=3$41A0B:0B>DC7C>*4G0B0=3F4BC4A=">D8B80=0)?4=3B
F8=C4ABB>DC7>5+)#4G82>1>A34A054F8=B>DC74A=;>A830&A454AA43
7018C0CB8=2;D34>?4=2>D=CAH0;>=6A>03B834B0=3>=A0=274BF8C7
B20CC4A43CA44B0=31DB74B>5C4=B44=>=54=24?>BCB0=3DC8;8CHF8A4B
&=2062@'F?.;;B@3<?360.AB@
2;4A5%.;420:
6;
*2645A4
<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;00612;A.9A<0.@B.9
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
)% "!,'%
9F0.A052?@'F?.;;61.2
4=4A0;,4A<8;8>=;H20C274A)<0;;BC>2:H
5;H20C274A6A0H1;02:D??4A?0ACB0=3B20A;4CA43
2A>F=C7A>0C0=3D=34A?0ACB02470BC782:1;02:
4H4;8=4-8=6B0=3C08;0A46A0H1;02:C08;70BC78=
F78C4C8?-40:5;DCC4A8=65;867C>=B70;;>FF8=6
140CB>E4AB8=38B?;0H5;867C0=3F74=5>A068=6
>A068=60=34438=6,4A<8;8>=;H20C274A443B
>=8=B42CB5>A064B1H5;H8=65A><?4A27C>20C27?A4H
8=<8308A
A4438=60=3$4BC8=6,4A<8;8>=;H20C274A*F>C>5>DAF78C4466BF8C71A>F=6A0H0=3;0E4=34AB?>CB
0A4;0838=0B70;;>F2D?>5CF86BF443BC0;:B6A0BB0=310A:;8=43F8C73>F=0=31D8;C>=07>A8I>=C0;
CA441A0=27C>544C01>E4C746A>D=3=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC74
54<0;4DBD0;;H70BCF>1A>>3B?4AH40A
;867C&0CC4A=-40:5;DCC4A8=65;867CF8C7B70;;>FF8=6140CB>E4ABF74=54438=6)0;;84B5A><?4A27C>
20C278=B42CB8=C7408A
(0=640=3018C0C,4A<8;8>=;H20C274AA443B5A><B>DC740BC4A=
0;85>A=8040BCC>F4BC4A=*4G0B0=3B>DC78=C>C74CA>?82B)?4=3B
F8=C4AB8=B>DC74A=?0AC>51A4438=6A0=641DCF0=34AB0B50A40BC0BC74
D;5>0BC>D=38=F>>343>A1ADB7H0A40B=40AF0C4A
&=2062@#F?<02=5.9B@?B/6;B@
2;4A5%.;42
0:6;
*2645A
4<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;.6?9F0<::<;
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
*&'%!!%
9F0.A052?@'F?.;;61.2
4=4A0;-4BC4A=!8=618A3"0A645;H20C274A6A0H
D??4A?0ACB30A:4A7403F78C4C7A>0C0=3D??4A
1A40BC0=3H4;;>F;>F4A1A40BC0=314;;H-8=6B0A4
1A>F=*08;8B1;02:F8C7F78C44364B443B>=
8=B42CB5AD8CB0=314AA84B>DH0=C5;DCC4A8=65;867C>=
B70;;>FF8=6140CB>E4AB>E4A?A4H0=338?B3>F=
>A068=60=34438=6-4BC4A=!8=618A384C
2>=B8BCB>58=B42CB0=314AA84B0C274B0=35443B>=
8=B42CBF78;4<0:8=6;>=6B0;;84B>E4A>?4=584;3B
A4438=60=3$4BC8=6-4BC4A=!8=618A3*7A44C>B4E4=F78C4466B<0A:43F8C71A>F=;0E4=34A0=31;02:
0A4;0838=0BC82:=4BC;8=43F8C7?;0=C5814AB0=31D8;C8=0CA44>A1DB7=2D10C8>=A0=64B5A><C>30HB
0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=D>H0=C5;DCC4A8=65;867CF8C7B70;;>FF8=6140CB
(0=640=3018C0C-4BC4A=!8=618A3A443BC7A>D67>DCC74F4BC5A><
B>DC74A=0=030B>DC7C>#4G82>40BCC>A40C&;08=B(46D;0A50;;
<86A0=C>=C74C;0=C822>0BC0=3F8=C4AB8=C74CA>?82B&A454AA437018C0CB
8=2;D34>?4=2>D=CAHBD270BA0=274BA>03B834BBCA40<B0=3?>=3BF8C7
CA44B
&=2062@'F?.;;B@C2?A60.96@
2;4A5%.;420:6;
*2645A4
<G
*6;4@=.;%.;42
0:
6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
*"*,'%
9F0.A052?@'F?.;;61.2
4=4A0;-8;;>F;H20C274A)<0;;5;H20C274A
1A>F=>;8E4D??4A?0ACBF78C4C7A>0C2>=CA0BC8=6F8C7
?0;4A1A40BCF78C4C>?0;4H4;;>F14;;H40370B
30A:4A20?508=CF78C44H4A8=6B0A:F8=6BF8C7
CF>F78C410AB443B>=8=B42CBB?834AB14AA84B
-40:5;DCC4A8=65;867CF8C7B70;;>FA0?83F8=6140CB
>A068=60=34438=6-8;;>F;H20C274A443B>=
8=B42CB5>A064B8=5;867CB><4C8<4B?82:8=68=B42CB
5A><5>;8064
A4438=60=3$4BC8=6-8;;>F;H20C274A*F>C>5>DA1A>F=B?>CC43F78C4C>?0;41D55466B0A4;0838=0
=40C2><?02C2D?>5?;0=C3>F=0=35814AB1D8;C8=0;>F1DB7>AB0?;8=6=2D10C8>=A0=64B5A><C>
30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=-40:5;DCC4A8=65;867CF8C7B70;;>FF8=6140CB
(0=640=3018C0C-8;;>F;H20C274AA443B5A><B>DC74A=A8C8B7
>;D<180;14AC0$>AC70:>C0$4F.>A:0=3#08=4B>DC7C>24=CA0;
0;85>A=80$4E030C74B>DC7F4BCA:0=B0B0=3,8A68=80)?4=3B
F8=C4AB8=C74CA>?82B&A454AA437018C0CB8=2;D34BF0<?HC782:4CBD?;0=3
?0BCDA4B0=3>;3010=3>=43>A270A3B0;B>>22DAB0;>=6F>>343
;0:4B7>A4B0=3BCA40<B
&=2062@:=61<;.EA?.69966
2;4A5%.;42
0:6;
*2645A
4<G
*6;4@=.;%.;420:6;
?2216;4'F=2 <;<4.:<B@
?2216;4#<=B9.A6<;.6?9F0<::<;
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
,"*,'%
9F0.A052?@'F?.;;61.2
4=4A0;.4;;>F14;;843;H20C274A)<0;;5;H20C274A
F8C7>;8E46A44=D??4A?0ACBH4;;>FD=34A?0ACB0=3
>;8E46A44=F0B7>=1A40BC)?42C02;4B0A4?0;4
H4;;>F*74F8=6B0A430A:F8C7CF>F78C410AB
443B>=0E0A84CH>58=B42CB0=3B?834AB-40:
5;DCC4A8=65;867CF8C7B70;;>FA0?83F8=6140CB
>A068=60=34438=6.4;;>F14;;843;H20C274A
443B>=0E0A84CH>58=B42CB8=2;D38=6144C;4B
<>C7BC4=C20C4A?8;;0AB5;84B0=CB0=3B><4B?834AB
A4438=60=3$4BC8=6.4;;>F14;;843;H20C274A*7A44C>58E4F78C4466BF8C71A>F=B?>CB0C;0A644=30A4
;0838=0=4BC<034>5CF86BA>>C;4CBF443B0=3<>BB0=3;8=43F8C7C78=A>>C;4CB6A0BB0=35A4B7;40E4B
$4BC8BDBD0;;H1D8;CCF>544C>A;4BB01>E4C746A>D=30C>?078;;>2:>5<>BB>AD?CDA=43BCD<?B0<>=6
A>>CB>550;;4=CA44B
;867C&0CC4A=-40:5;DCC4A8=65;867CF8C7B70;;>FA0?83F8=6140CB)0;;84B5A><?4A27C>70F:8=B42CB0=3
A4CDA=BC>C74B0<4>A=40A1H?4A27
(0=640=3018C0C.4;;>F14;;843;H20C274AA443B5A><24=CA0;
0=0300=3$4F5>D=3;0=3B>DC7C>A40C"0:4BA468>==>AC74A=$4F
.>A:=>AC74A=$4F=6;0=30=3#0A8C8<4&A>E8=24B)?4=3BF8=C4AB
5A><#4G82>C>&0=0<0
&=2062@:=61<;.E39.C6C2;A?6@
2;4A5%.;42
0:6;
*2645A
4<G
*6;4@=.;%.;420:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
"%&%
&5?682@.;661.2
4=4A0;">664A7403)7A8:4#438D<B7A8:4F8C7
6A0HD??4A?0ACB0=3?0;4A6A0HD=34A?0ACB#0B:8B
1;02:0=3C7A>0C8BF78C48;;8B740EH0=3B;867C;H
7>>:43-8=6B0A41;02:F8C7F78C4?0C274B*08;8B
;>=61;02:0=3F78C443643">FBF85C5;867C
0;C4A=0C4BA0?83F8=6140CBF8C7F8=6B?D;;43C>
B834B
>A068=60=34438=6">664A7403)7A8:4443B>=
B<0;;E4AC41A0C4B0=38=E4AC41A0C4B7D=CB5A><0;>F
?4A278=0CA44B7AD1>A?>F4A;8=4>5C4=20C278=6
?A4H>=C746A>D=3#08=C08=B05>>3;0A34A8<?0;4B
?A4H>=C7>A=B>A10A143F8A4
A4438=60=3$4BC8=6">664A7403)7A8:4>DAC>B4E4=F78C4C>6A0H466B<0A:43F8C76A0H1A>F=>A
1;02:0A4;0838=01D;:H=4BC<034>5CF86B0=36A0BB;8=43F8C7?;0=C3>F=0=3540C74AB0=3B4C8=0
C7>A=HB7AD1>ACA44=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=(0?835;867CF8C7@D82:F8=6BCA>:4B
(0=640=3018C0C">664A7403)7A8:4A443B5A><B>DC74A=A8C8B7
>;D<18024=CA0;;14AC024=CA0;)0B:0C274F0=B>DC74A=#0=8C>10
B>DC74A=%=C0A8>0=3B>DC74A='D4142B>DC7C7A>D67>DCC74+)
)?4=3BF8=C4AB8=C74B>DC74A=70;5>58CB1A4438=6A0=64&A454AA43
7018C0CB8=2;D346A0BB;0=3B>A270A3B0=3>?4=0A40BF8C7B20CC4A43CA44B
&=2062@.;6B@9B1<C606.;B@
2;4A5%.;420:6;
*2645A4
<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;.6?9F0<::<;
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
()%"
)6?2<@)6?2<;61.2
4=4A0;;D4740343,8A4>#438D<B8I43E8A4>
F8C7>;8E46A44=D??4A?0ACBF78C4D=34A?0ACB0=3
H4;;>F5;0=:B40370B1;D46A0H7>>3F78C4
B?42C02;4B0=3F78C4C7A>0C*74F8=6B0A430A:F8C7
CF>F78C4>A?0;4H4;;>F10AB-40:5;DCC4A8=65;867C
F8C7A0?83F8=6140CB#0H7>E4A1A845;H
>A068=60=34438=6;D4740343,8A4>443B
<>BC;H>=8=B42CB1DC40CB14AA84B8=F8=C4A;40=B
8=B42CB5A><CA44C>?B0=31A0=274B>A5;84B>DCC>20C27
8=B42CB8=<8308A
A4438=60=3$4BC8=6;D4740343,8A4>*7A44C>58E4F78C4466BF8C71;02:0=31A>F=<0A:8=6B0C;0A64
4=30A4;0838=02D?=4BC<034>5CF86B6A0BBB7A4334310A:BC4<BB?834AF41B0=32>2>>=B$4BC8B;8=43
F8C76A0BB0=3708A0=31D8;C8=0CA44>A1DB7C>544C01>E4C746A>D=3=2D10C8>=A0=64B5A><C>
30HB0=38B20AA843>DC1H1>C7?0A4=CB
;867C&0CC4A=-40:5;867C>=A0?83;H140C8=6F8=6B
(0=640=3018C0C;D4740343,8A4>A443B5A><>==42C82DC0=3
B>DC7F0A30;>=62A4BC>5C74;;4674=84B=>AC7F0A3C>$4FAD=BF82:
0=3#0=8C>10)?4=3BF8=C4AB5A><;>A830B>DC7F0A3&A454AA437018C0CB
8=2;D342>=854A>DB0=3<8G435>A4BCB
&=2062@)6?2<@<96A.?6B@
2;4A5%.;42
0:6;
*2645A
4<G
*6;4@=.;%.;420:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
##)%"
)6?2<@)6?2<;61.2
4=4A0;&78;034;?780,8A4>#438D<E8A4>F8C7
>;8E46A44=D??4A?0ACB0=3H4;;>FF0B743C>H4;;>F
D=34A?0ACB*74740370B06A0H20?30A:4H4B0=3
F78C41>A34A431;02:4H4;8=4-8=6B0A4>;8E46A44=
F8C7E4AH508=CF8=610AB+=34AC08;2>E4ACBH4;;>F
8ABC38B2>E4A43=40A&78;034;?7808=
>A068=60=34438=6&78;034;?780,8A4>0CB
<>BC;H8=B42CBB><45AD8CB0=314AA84B>A064BB;>F
0=334;814A0C4;H8=;>FC><83;4E4;E464C0C8>=>5C4=
70=68=6D?B8343>F=C>?82:>558=B42CBB><4C8<4B
5>A064BF78;47>E4A8=6
A4438=60=3$4BC8=6&78;034;?780,8A4>*7A44C>58E4F78C4466BF8C71A>F=0=31;02:B?42:;4B0C;0A64A
4=30A4;0838=0=4BC<034>56A0BB<>BB;8274=B0=3?;0=C3>F=0=37D=61HB?834AB8;:0=38=B42C
F4118=6=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1H1>C7?0A4=CB
;867C&0CC4A=(4;0C8E4;HF40:5;DCC4A8=65;867CF8C7A0?83F8=6140CB>E4AB1A845;HF74=5>A068=6C>?82:
8=B42CB>555>;806410A:>A1A0=274B
(0=640=3018C0C&78;034;?780,8A4>A443B8=B>DC74A=0=0300=3
=>AC74A=<>BC+)-8=C4AB8=C74CA>?82B&A454AA437018C0CB8=2;D34>?4=
B42>=36A>FC7F>>3;0=3B>;32;40A8=6B1DA=43>E4A0A40B0=3C782:4CB
0;>=6BCA40<B0=3;0:4B
&=2062@)6?2<=569.129=560B@
2;4A5%.;42
0:6;
*2645A
4<G
*6;4@=.;%.;420:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;,2@/BAB;0<::<;
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
%,)%"
)6?2<@)6?2<;61.2
4=4A0;(434H43,8A4>#438D<E8A4>F8C7
>;8E41A>F=D??4A?0ACB0=3F78C4D=34A?0ACB403
70B06A0H20?F78C44H41A>F1;02:4H4BCA8?40=3
A434H4B;D46A0H;46B0=3544C;C4A=0C4BB7>AC
6;834BF8C7B4A84B>5A0?83F8=6140CB#0H7>E4A
1A845;HC>?82:14AA84B>A8=B42CB5A><5>;8064
>A068=60=34438=6(434H43,8A4>>=BD<4B
;0A64@D0=C8C84B>58=B42CB4B?4280;;H20C4A?8;;0AB>5
6H?BH<>C7B0=350;;F41F>A<B0;B>40CB5AD8CB8=
F8=C4A6;40=B8=B42CB5A><CA445>;8064B><4C8<4B
7>E4A8=6F78;45>A068=6
A4438=60=3$4BC8=6(434H43,8A4>*7A44C>58E4F78C4466BF8C71;02:0=31A>F=B?>CB0C;0A64A4=30A4
;0838=02D?=4BC<034>510A:6A0BBB?834AF41B0=3>C74A?;0=C<0C4A80;B0=3BDB?4=3438=C745>A:>50
7>A8I>=C0;1A0=27C>544C01>E4C746A>D=3=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1H
C7454<0;4
;867C&0CC4A=;C4A=0C4BB4E4A0;A0?83B70;;>FF8=6140CBF8C7B7>AC6;834B
(0=640=3018C0C(434H43,8A4>A443B5A><A8C8B7>;D<180
%=C0A8>0=3D;5>5)08=C"0FA4=24B>DC7C>%A46>=>;>A03>C74D;5
>0BC0=3;>A830)?4=3BF8=C4AB8=C74CA>?82B=7018CB<0CDA4
34283D>DBF>>3;0=3B0;B>5>D=38=B7034CA44B8=A4B834=C80;0A40B
&=2062@)6?2<<96C.02B@
2;4A5%.;42
0:6;
*2645A
4<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;2096;6;4
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
*%!)%"
)6?2<@)6?2<;61.2
4=4A0;-0A1;8=6,8A4>)<0;;E8A4>6A0HC>
>;8E46A0HD??4A?0ACBF78C4D=34A?0ACBB834B
B><4C8<4BF0B743F8C7H4;;>FH4B0A430A:1A>F=
70E4C782:F78C44H41A>FB0=3508=C30A:4H4;8=4B
A0HF8=6B0=3C08;"46B0=3544C0A41;D46A0H0B
C74;0A64BC1A4438=6A0=64>50=H$>AC7<4A820=
E8A4>
>A068=60=34438=6-0A1;8=6,8A4>84C2>=B8BCB
0;<>BC4=C8A4;H>58=B42CBB><4B?834AB0=3054F
14AA84B5>A064B5>A5>>38=C>?B>5CA44B
A4438=60=3$4BC8=6-0A1;8=6,8A4>*7A44C>58E41;02:0=31A>F=B?>CC43F78C4466B0A4;0838=0F4;;
<034?4=30=CB70?43=4BC>510A:BCA8?B0=3?;0=C3>F=50BC4=43C>05>A:43CF86DBD0;;H=40AC74C>?>50
C0;;CA44>C7?0A4=CB8=2D10C4466B5>A0??A>G8<0C4;H30HB
;867C&0CC4A=-40:5;DCC4A8=65;867CB>5B7>AC3DA0C8>=
(0=640=3018C0C-0A1;8=6,8A4>A443B5A><A8C8B7>;D<180
B>DC74A=#02:4=I84#0=8C>100=3$4FAD=BF82:B>DC7C>=>AC74A=
#4G82>">D8B80=00=3,8A68=80)?4=3BF8=C4AB8=C74CA>?82B&A454AA43
7018C0CB8=2;D3434283D>DBF>>3;0=3B4B?4280;;H=40ABCA40<B0=38=
8B>;0C436A>E4B0=3B7034CA44B
&=2062@)6?2<469CB@
2;4A5%.;42
0:6;
*2645A
4<G
*6;4@=.;%.;420:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
*',)%"
)6?2<@)6?2<;61.2
4=4A0;-78C44H43,8A4>#438D<B8I43B42A4C8E4
E8A4>F8C7>;8E46A44=D??4A?0ACB0=3F78C4
D=34A?0ACBF8C7H4;;>FB834B0=35;0=:B)?42C02;4B
0A4?0;4H4;;>F0=38A8B8BF78C4-8=6B0A430A:F8C7
CF>F78C410AB"46B0=3544C0A46A0H;867C8B50BC
0=338A42C>=B7>ACA>D=343F8=6B
>A068=60=34438=6-78C44H43,8A4>0CB
8=B42CBB?834AB0=3B<0;;;8I0A3B0;B>40CBB443B0=3
14AA84B8=50;;0=3F8=C4A>A064B8=B7AD1B>A34=B4
D=34A6A>FC7
A4438=60=3$4BC8=6-78C44H43,8A4>*7A44C>58E41A>F=0=31;02:B?>CC43F78C4466B0A4;0838=0
344?2D?>5CF86BA>>C;4CB10A:BCA8?B2>0AB46A0BB0=3;40E4B0=31D8;C8=034=B4C782:4CC>544C01>E4
C746A>D=3=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1H1>C7?0A4=CB
;867C&0CC4A=(0?8338A42C5;867C
(0=640=3018C0C-78C44H43,8A4>A443B5A><$41A0B:0C>
#0BB027DB4CCBB>DC7C>40BC4A=#4G82>0=3C7A>D67>DC;>A830-8=C4AB
5A><C74B>DC74A=D;5>0BCC>4=CA0;<4A8200=35A><2>0BC0;$>AC7
0A>;8=0C74070<0B0=34A<D30C>C740A81140=>D=38=34=B4
C782:4CB?8=45;0CF>>3B2H?A4BBBF0<?B0=3B2AD11H4364B>5A>03B
20=0;B0=3?>=3BE>83BDA10=0A40B1DC<0H145>D=38=F>>343?0A:B
0=3D=34E4;>?430A40B=40A0=3F8C78=;0A6428C84B
&=2062@)6?2<4?6@2B@
2;4A5%.;42
0:6;
*2645A
4<G
*6;4@=.;%.;420:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;.6?9F0<::<;A<0<::<;
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
,"*'%"')%"
)6?2<@)6?2<;61.2
4=4A0;.4;;>FC7A>0C43,8A4>"0A64E8A4>
>;8E46A0HD??4A?0ACB6A0HAD<?*7A>0C0=31A40BC
0A41A867CH4;;>F14;;H8BF78C4H4B0A430A:
)?42C02;4B0A4H4;;>F-8=6B0A430A:F8C7CF>F78C4
10AB"46B0=3544C0A41;02:C8BC74<>BC2>;>A5D;
<4<14A>58CB50<8;H8=$>AC7<4A820
>A068=60=34438=6.4;;>FC7A>0C43,8A4>84C8B
2><?>B43>58=B42CB<>BC;H20C4A?8;;0AB0;B>40CB
B?834AB0=35AD8CB
A4438=60=3$4BC8=6.4;;>FC7A>0C43,8A4>*7A44C>58E4F78C4C>;867C?8=:466BF8C71A>F=B?>CB0C
;0A64A4=30A4;0838=02D?B70?43=4BC<034>56A0BB0=3;8274=B0=3BDB?4=3435A><0CA44;8<1C>
544C01>E4C746A>D=3>C7?0A4=CB8=2D10C4466B5>A30HB
;867C&0CC4A=;DCC4A8=638A42C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0C.4;;>FC7A>0C43,8A4>A443B5A><#0=8C>10
#8==4B>C0%=C0A8>0=324=CA0;$4F=6;0=3B>DC7C>D;5>0BCBC0C4B
)?4=3BF8=C4AB8=CA>?82BF8C7054F8=B>DC74A=;>A830=7018CB;8E4
>0:70<<>2:B<0CDA4?8=45>A4BCB>A<8G43CDA:4H>0:0=3?8=4
F>>3;0=3B;B>>22DAB8=2H?A4BBBF0<?B>A<8G435>A4BCB0;>=6A8E4AB
)><4C8<4B5>D=38=A4B834=C80;0A40BF8C7<0CDA4CA44B
&=2062@)6?2<39.C63?<;@
2;4A5%.;42
0:6;
*2645A
4<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;.6?9F0<::<;6;?.;42
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
(,
?<D@.;1.F@<?C61.2
4=4A0;;D4 0H#438D<=>8BH90HF8C71A867C
1;D4D??4A?0ACB?0;46A0HD=34A?0ACB38BC8=2C7403
2A4BC0=3=42:BDAA>D=343F8C702DA8>DB1;02:
=42:;024;02:10AA43F8=6B0=3C08;70E4?A><8=4=C
F78C4?0C274B8A42C5;867CF8C7BC403H0=31>DH0=C
F8=6140CB;834B14CF44=?4A274B>AC>C746A>D=3
>A068=60=34438=6;D4 0H443B>=5AD8CB=DCB
B443B8=B42CB<8240=35A>6BB><4C8<4BA>1B>C74A
=4BCB5>AH>D=618A3B0=3466B%?4=B=DCB1H7>;38=6
C74<8=?;024F8C7544C0=370<<4A8=6C74B74;;F8C7
18;;
A4438=60=3$4BC8=6;D4 0H*7A44C>B4E4=1A>F=<0A:43;867C1;D46A44=>A6A44=1;D4466B0A4;0838=
02>0AB4;H1D8;C=4BC<034>5BC82:B;8=43F8C76A0BB0=3F4;;2>=240;438=0CA44>5C4=02>=854A=2D10C8>=
A0=64B5A><C>30HB0=38B20AA843>DC1H1>C7?0A4=CB
;867C&0CC4A=8A42C5;867CF8C71D>H0=CBC403HF8=6140CB
(0=640=3018C0C;D4 0H(4B834=C40BC>5C74(>2:84B5A><0=030
C>C74D;5>5#4G82>1DCB;>F;H4=2A>0278=6F4BCF0A3&A454AA43
7018C0CB8=2;D344E4A6A44=5>A4BCB50A<;0=3B6A>E4B0=3BD1DA1B
&=2062@F.;<06AA.0?6@A.A.
2;4A5%.;420:
6;
*2645A4<G
*6;4@=.;%.;42
0:
6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;*612@=?2.1
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
"%!%
.?8@9.B161.2
4=4A0;>A=43"0A:#438D<B8I43;0A:F8C7?0;4
>A30A:1A>F=D??4A?0ACB0=3F78C4D=34A?0ACB024
0=3C7A>0C0A4?0;4H4;;>FC>F78C40=3<0B:20?
0=340ACD5CB0A41;02:*08;8B30A:F8C7F78C44364B
>A064B>=6A>D=3DBD0;;H8=>?4=584;3B0CBB443B
6A08=B8=B42CB0=3B<0;;<>;;DB:B
>A068=60=34438=6>A=43"0A:0CB<>BC;H
B443B8=B42CB0=3B<0;;<>;;DB:B5>A064B8=
06A82D;CDA0;0A40B>5C4=BC0=38=60=3F0;:8=6>=
A>03F0HB
A4438=60=3$4BC8=6>A=43"0A:*F>C>58E46A0H>A6A44=466BB?>CC43F8C71A>F=0A4;0838=0=4BC
<034>56A0BB;8=43F8C7540C74AB0=3B>5C<0C4A80;B0=31D8;C8=0B70;;>F34?A4BB8>==0CDA0;>A3D61HC74
54<0;4=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC<>BC;H1HC7454<0;4
;867C&0CC4A=5C4A4027F8=6140C5>;3BF8=6540C74AB2;>B4C>1>3H
(0=640=3018C0C>A=43"0A:A443B8=;0B:00=30=0380=A2C82
2>0BC0;0=0300=3B>DC7C7A>D67>DC0;;>5C74+)4G24?CB>DC740BC
)?4=3BF8=C4AB5A><B>DC74A=0=030B>DC7F0A30;B>5>D=38=DA0B80
&A454AA437018C0CB8=2;D34?;08=B584;3B08A?>ACB0=3140274B
&=2062@?2:<=569..9=2@A?6@
2;4A5%.;42
0:6;
*2645A
4
<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&A?6=21<?@A?2.821
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
!&*"*
&D.99<D@6?B;16;61.2
4=4A0;0=:)F0;;>F)<0;;BF0;;>FF8C71A>F=
D??4A?0ACB0=301A>F=1A40BC10=3B4?4A0C8=6F78C4
D=34A?0ACB5A><F78C4C7A>0C0=3278=*08;8B
=>C2743A>F=;46B544C*74B<0;;4BC$>AC7
<4A820=BF0;;>F)F85C4AA0C825;867C0;C4A=0C8=6
B4E4A0;B70;;>FA0?83F8=6140CBF8C7B7>ACC>;>=6
6;834B
>A068=60=34438=60=:)F0;;>F443B<>BC;H
>=5;H8=68=B42CBBD270BC4A<8C4BCA447>??4AB
;4057>??4AB144C;4B<>C7B0=35;84BC70C8C20?CDA4B
>=C74F8=6%220B8>=0;;H?A4HBD?>=B?834AB>A0=CB
85C74A48B0B20A28CH>504A80;?A4H5>A064BB8=6;H>A8=
5;>2:B
A4438=60=3$4BC8=60=:)F0;;>F*7A44C>B4E4=F78C4466B0A4;0838=06A0BB0=3540C74A=4BC8=0
270<14A0CC744=3>50344?CD==4;DBD0;;H=40AC74C>?>50BC44?10=:$4BCB8=2>;>=84B=4BC8=610=:B
<0HB><4C8<4B0??40AA833;43F8C77>;4B=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1H1>C7
?0A4=CB
;867C&0CC4A=)F85C4AA0C825;DCC4A8=65;867C>=B70;;>FF8=6140CB
(0=640=3018C0C0=:)F0;;>FA4435A><;0B:002A>BB=>AC74A=
0=030B>DC7C>0;85>A=80*4G0B0=3,8A68=80)?4=3BF8=C4AB8=C74
CA>?82B0=3C74%;3->A;3&A454AA437018C0CB8=2;D34A8E4A10=:B2A44:B
B40B7>A4B0=3;0:4B
&=2062@%6=.?6.?6=.?6.
2;4A5%.;42
0:6;
*2645A
4<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@<9<;6.9
?2216;4#<=B9.A6<;*612@=?2.1
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
%!&*"*
&D.99<D@6?B;16;61.2
4=4A0;0A=)F0;;>F#438D<BF0;;>FF8C7
6;8CC4A8=61;D41;02:D??4A?0ACBA431A>F=5>A47403
278=0=3C7A>0C0A:1;D41;02:1A40BC10=314;;H8B
F78C4C>>A0=64*08;8B344?;H5>A:43F8C7;>=6>DC4A
BCA40<4AB;02:;46B0=3544CC8BC74<>BC01D=30=C
0=3F834;H38BCA81DC43BF0;;>F8=C74F>A;3
>A068=60=34438=60A=)F0;;>F84C8=2;D34B
8=B42CBBD270B6A0BB7>??4AB2A82:4CB3A06>=5;84B
144C;4B0=3<>C7B0A=BF0;;>FB0A4@D8C4
>??>ACD=8BC820=30A4>5C4=5>D=35>;;>F8=6CA02C>AB
4=606438=?;>F8=6>A<>F8=6C>C0:403E0=C064>5
38BCDA1438=B42CB
A4438=60=3$4BC8=60A=)F0;;>F>DAC>B4E4=1A>F=<0A:43F78C4466B0A4;0838=0B>;832D?>5
<D3A48=5>A243F8C76A0BB;8=43F8C7540C74AB0=3B>5C?;0=C<0C4A80;0=31D8;CD=34A>A>=0A05C4A8=0
1D8;38=6>AB74;C4A43;4364=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1H1>C7?0A4=CB
;867C&0CC4A=A0245D;)F85C5;867CF8C7344?F8=6140CB
(0=640=3018C0C0A=)F0;;>FA443B5A><;0B:040BC02A>BB
0=030C>$4F5>D=3;0=30=3B>DC7C7A>D67>DC<>BC>5C74+)B?4=3B
F8=C4AB8=C74CA>?82B0=3DA0B80&A454AA437018C0CB8=2;D3406A82D;CDA0;
;0=3BBD1DA10=0A40B<0AB74B0=3;0:4B7>A4B
&=2062@6?B;1<?B@A60.
2;4A5%.;42
0:6;
*2645A
4<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@&:.990<9<;62@
?2216;4#<=B9.A6<;*612@=?2.1/B;1.;A
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
&*"*
&D.99<D@6?B;16;61.2
4=4A0;;855)F0;;>F)<0;;BC>2:HBF0;;>F30A:
1;D46A0HD??4A?0ACB?0;4>A0=641A>F=AD<?1D55
D=34A?0ACB>A474038BF78C4>A1D55F78;4C7A>0C
B834B>550240A4>A0=641A>F=A>F=8B1;D41;02:
18;;8BB7>AC0=31;02:*08;8B30A:0=3B@D0A43"46B
0=3544C0A46A0H0C274B8=B42CB8=5;867C
>A068=60=34438=6;855)F0;;>F84C2>=B8BCB
0;<>BC4=C8A4;H>58=B42CB1DCF8;;>220B8>=0;;H6>A64
>=14AA84B5>A064B8=5;867C
A4438=60=3$4BC8=6;855)F0;;>F*7A44C>B8G1A>F=<0A:432A40<HF78C4C>;867C?8=:466B0A4;0838=
06>DA3B70?43=4BC<034>5<D3;8=43F8C7540C74AB0=31D8;C>=0B74;C4A432;855>AD=34A0=40E4
=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1H1>C7?0A4=CB
;867C&0CC4A=)>0AB>=C74A<0;B0=3D?3A05CB)F85C6A0245D;5;867CF8C7B;>F344?F8=6140CB
(0=640=3018C0C;855)F0;;>FA443B5A><;0B:0%=C0A8>0=3
$>E0)2>C80B>DC7F0A3C7A>D67>DC<>BC>5+)4G24?CC74B>DC740BC
B?4=3BF8=C4AB8=C74CA>?82B&A454AA437018C0CB8=2;D34>?4=2>D=CAH=40A
1D8;38=6B>A2;855B;0:4B7>A4B0=3<0AB74B
&=2062@#2A?<052961<;=F??5<;<A.
2;4A5%.;42
0:6;
*2645A4<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@.?420<9<;62@
?2216;4#<=B9.A6<;E=.;16;4
.08#.AA2?;&A?6=21<?@A?2.821
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
!"%'%!%"(*!
&*"*
&D.99<D@6?B;16;61.2
4=4A0;$>AC74A=(>D67F8=643)F0;;>F)<0;;
BC>2:HBF0;;>F1A>F=D??4A?0ACB?0;4AD=34A?0ACB
?0;41A>F=C7A>0C*08;8BB@D0A43F8C7F78C4
D=34AC08;2>E4ACB$0<435>AC8=H7>>:B5>D=3>=
>DC4A?A8<0AH540C74AB)F85C6A0245D;5;867C
0;C4A=0C4BB4E4A0;B;>F344?F8=6140CBF8C7B7>AC>A
;>=66;834B
>A068=60=34438=6$>AC74A=(>D67F8=643
)F0;;>F0CB8=B42CB5>A064B8=5;867CC0:8=68=B42CB
8=C7408A>A5A><C74F0C4ABDA5024B><4C8<4B
5>A064B>=C746A>D=3A8=:B1HB:8<<8=6C74F0C4A
BDA5024F78;48=5;867C
A4438=60=3$4BC8=6$>AC74A=(>D67F8=643)F0;;>F>DAC>4867CF78C4466B0A4;0838=01DAA>F>A
=0CDA0;20E8CH0;B>DB4BA403H<03420E8C84B8=1A8364B2D;E4ACB0=3>C74ABCA40<B834<0B>=AH66B0A4
8=2D10C435>A30HB1HC7454<0;4
;867C&0CC4A=)F85C6A0245D;5;867CF8C7B;>F344?F8=6140CB
(0=640=3018C0C$>AC74A=(>D67F8=643)F0;;>FA443B5A><
B>DC740BC4A=;0B:00=3B>DC74A=0=030B>DC7F0A3C7A>D67>DCC74+)
)?4=3BF8=C4AB=>AC7C>B>DC74A=0;85>A=80C74D;5>0BC0=3B>DC74A=
;>A830
&=2062@&A29461<=A2?FE@2??6=2;;6@
2;4A5%.;42
0:6;
*2645A
4<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
&:.990<9<;62@
?2216;4#<=B9.A6<;;0?2.@6;4
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
#(%# %'!
&D.99<D@6?B;16;61.2
4=4A0;&DA?;4#0AC8="0A64E>20;BF0;;>FF8C7
6;>BBH30A:?DA?;41;D41>3H0=35>A:43C08;C8BC74
;0A64BC$>AC7<4A820=BF0;;>F;02:18;;;46B0=3
544C)C>=66A0245D;5;867C0;C4A=0C4B054FA0?83
F8=6140CBF8C7;>=66;834B0C274B0=340CB8=B42CB
8=5;867C0=30;B>5>A064B>=C746A>D=3
>A068=60=34438=6&DA?;4#0AC8=443B>=5;H8=6
8=B42CB20C274B?A4H8=<8308A5;H8=60CD?C>
<?7>A<>A4F74=5>A068=6-40C74AD=50E>A01;45>A
8=B42C02C8E8CH;0BC8=6C7A44>A<>A430HB?DCB8C0CA8B:
>5BC0AE0C8>=
A4438=60=3$4BC8=6&DA?;4#0AC8=*7A44C>4867CF78C4466B0A4;0838=020E8CH;8=43F8C7<D36A0BB
0=3>C74A?;0=C<0C4A80;#>BC=4BC8=2>;>=84B8=<0=<03418A37>DB4B8=34E4;>?430A40B0=3?0A:;0=3B
=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=)CA>=6F8C76A0245D;5;867C
(0=640=3018C0C&DA?;4#0AC8=A443B5A><A8C8B7>;D<18024=CA0;
8=C4A8>A0=0300=3$>E0)2>C80B>DC7F0A31DC8B01B4=C5A><C74
8=C4A8>AF4BC4A=<>D=C08=B0=3A40C0B8=)?4=3BF8=C4AB8=C74CA>?82B
&A454AA437018C0CB8=2;D34>?4=F>>3;0=3BA4B834=C80;0A40B0=3
06A82D;CDA0;;0=3B
&=2062@#?<4;2@B/6@
2;4A5%.;42
0:6;
*2645A4
<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@<9<;6.9
?2216;4#<=B9.A6<;2096;6;4
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
'%&*"*
&D.99<D@6?B;16;61.2
4=4A0;*A44)F0;;>F#438D<B8I43BF0;;>FF8C7
8A834B24=C1;D46A44=D??4A?0ACB0=3F78C4
D=34A?0ACB*74F8=6B0A430A:6A0H0=3C08;8B30A:
0=35>A:43;02:18;;;46B0=3544C)F85C6A0245D;
5;867C0;C4A=0C4BB;>F344?F8=6140CBF8C7B7>AC>A
;>=66;834B*DA=B102:B70A?;H>=8=B42CB8C?0BB4B
>A068=60=34438=6*A44)F0;;>F443B<>BC;H
>=8=B42CB20D67CF78;48=5;867C0;B>5>A064B>=C74
6A>D=35>A8=B42CBB?834ABB443B0=314AA84B<0H
CA0E4;;>=638BC0=24BC>58=35>>3
A4438=60=3$4BC8=6*A44)F0;;>F>DAC>B8GF78C4466B0A4;0838=0540C74A;8=432D?>56A0BB1D8;C8=0
CA4420E8CH>A=4BC1>G=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=)F85C6A0245D;5;867CF8C7B;>F344?F8=6140CB
(0=640=3018C0C*A44)F0;;>FA443B5A><;0B:040BCC7A>D67
=>AC74A=#0=8C>10C>$4F5>D=3;0=30=3B>DC7C>0;85>A=80>;>A03>
$41A0B:00=3#0AH;0=3)?4=3BF8=C4AB=>AC7C>B>DC74A=0;85>A=80
C74D;5>0BC0=3C740A>;8=0B&A454AA437018C0CB8=2;D34>?4=0A40B
=40AF0C4ABD270B584;3B<0AB74B<403>FBB7>A4;8=4B140E4A?>=3B
0=3F>>343BF0<?BF8C7BC0=38=63403CA44B
&=2062@'.05F06;2A./60<9<?
2;4A5%.;42
0:6;
*2645A4<G
*6;4@=.;%.;420:
6;
?2216;4'F=2#<9F4.:<B@<<@20<9<;62@
?2216;4#<=B9.A6<;;0?2.@6;4/B;1.;A
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
%%&'!(''
!BA5.A052@&6AA61.2
4=4A0;(431A40BC43$DC70C27#438D<=DC70C27
F8C71;D46A0HD??4A?0ACB0=3?0;4ADBC1A>F=
D=34A?0ACB40370B01;02:20?F78C44H41A>F
1;02:4H4BCA8?4C7A>0C8BF78C48;;8BB;867C;H
D?CDA=43"46B0=3544C0A41;02:-40:5;DCC4A8=6
5;867C0;C4A=0C4BA0?83F8=6140CBF8C7F8=6B3A0F=C>
B834B
>A068=60=34438=6(431A40BC43$DC70C270CB
8=B42CBB?834AB466<0BB4BB443B0=3=DCB
$DC70C278B34A8E435A><=DC702:0A454A4=24C>
C747018C>5702:8=6>A?42:8=6>?4==DCB1HF4368=6
C74<8=010A:2A4E8240=370<<4A8=6C74<>?4=
F8C78CB18;;
A4438=60=3$4BC8=6(431A40BC43$DC70C27>DAC>B4E4=F78C4C>;867C?8=:466B<0A:43F8C7A43
1A>F=0A4;0838=02D?>5CF86B0=36A0BB;8=43F8C7B>5C4A<0C4A80;0=31D8;C8=0CA4420E8CH*744=CA0=24
8BDBD0;;HB<40A43F8C7?8C27?A4BD<01;HC>38B2>DA064?A430C>AB?8C27>5C4=64CB>=C7418A3B540C74AB
68E8=6C74<0<4BBH0??40A0=24$4BC8B1D8;C1H1>C7?0A4=CB1DC54<0;43>4B<>BC>5C74F>A:66B0A4
8=2D10C435>A0??A>G8<0C4;H30HB1HC7454<0;4
;867C&0CC4A=-40:5;DCC4A8=65;867CB>5B7>AC3DA0C8>=F8C7A0?83F8=6BCA>:4B5>;;>F431H1A8455>;38=6>5
F8=6BC>B834B
(0=640=3018C0C(431A40BC43$DC70C27A443B02A>BB0=0305A><
B>DC740BC4A=;0B:0#0=8C>100=3$4F5>D=3;0=3B>DC7C>B>DC74A=
0;85>A=80A8I>=0C74A40C"0:4BA468>=0=3=>AC74A=$4F=6;0=3
0=3B>DC78=??0;02780=BC>$>AC70A>;8=0)?4=3BF8=C4AB8=1A4438=6
A0=640=38AA46D;0A;HB>DC7C>C74D;5>0BC0=3=>AC74A=;>A830
&A454AA437018C0CB8=2;D342>=854A>DB5>A4BCB
&=2062@&6AA.0.;.12;@6@
2;4A5%.;42
0:6;
*2645A
4<G
*6;4@=.;%.;420:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;.6?9F0<::<;A<0<::<;
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
%"*!%#%
?22=2?2?A5661.2
4=4A0;A>F=A44?4A)<0;;CA442;8=68=618A3
F8C71A>F=BCA40:43D??4A?0ACB0=3F78C4D=34A?0ACB
-78C4;8=4>E4A4H40=3;>=6342DAE4318;;0A4
2>=B?82D>DB"46B0=3544C0A4?8=:1D55443B>=
8=B42CB;0AE04=DCB0=3B443B)CA>=638A42C5;867CB>5
B7>AC3DA0C8>=>=A0?830=3B70;;>FF8=6140CB
>A068=60=34438=6A>F=A44?4A84C2>=B8BCB
>5E0A8>DB8=B42CBB443B0=3B><4=DCB0;B>2><4C>
54434AB5>ABD4C+BD0;;H5>A064B1H2A44?8=60;>=6
CAD=:B0=31A0=274B;8:40F>>3?42:4A
A4438=60=3$4BC8=6A>F=A44?4A>DAC>4867CF78C4466B;867C;HB?42:;43F8C7A431A>F=0A4;0838=
02D?>5B7A4334310A:540C74ABBC82:B0=3<>BBDBD0;;H1D8;C0608=BC0CA44CAD=:1478=30?44;8=6B;01>5
10A:=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=)CA>=638A42C5;867C>5B7>AC3DA0C8>=
(0=640=3018C0CA>F=A44?4AA443B5A><;0B:0C>
$4F5>D=3;0=30=3B>DC7F0A3C>C74F4BC4A=0=3=>AC74A=+))?4=3B
F8=C4AB8=1A4438=6A0=640=3B>DC7C>C74D;52>0BC0=3;>A830
&A454AA437018C0CB8=2;D3434283D>DB0=3<8G43F>>3;0=3B
&=2062@2?A56..:2?60.;.
2;4A5%.;42
0:6;
*2645A4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;.6?9F0<::<;
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&=<AA21<?@=208921
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
%"!*%!
*?2;@'?<49<1FA61.2
4=4A0;0A>;8=0-A4=#438D<B8I43FA4=F8C7
AD5>DBD??4A?0ACB0=31D55D=34A?0ACBH41A>FB0A4
F78C4F8=6B0=3C08;0A430A:10AA43F8C7F78C4
5;42:B*7A>0C0=3278=0A4F78C48;;8B342DAE43
"46B0=3544C0A4?8=:6A0H(0=644G?0=3B=>AC7
F74=F8=C4AB0A4<8;30=3A4CA02CBB>DC7F74=70AB7
>A068=60=34438=60A>;8=0-A4=0CB<08=;H
B?834AB0=38=B42CB5>A064B>=>A=40AC746A>D=3
A4438=60=3$4BC8=60A>;8=0-A4=>DAC>4867CF78C4>A;867C?8=:466B<0A:43F8C71A>F=0A4;0838=
0B70;;>F2D?>5BC82:B;40E4B<>BB4B0=358=4A<0C4A80;B1D8;C8=02A4E8240<>=6A>2:B>A>220B8>=0;;H
>=01D8;38=6=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=-40:0=35;DCC4A8=638A42C5;867C>5C4=>5B7>AC3DA0C8>=>=B70;;>F;H140C8=6F8=6B
(0=640=3018C0C0A>;8=0-A4=A443B5A><A8C8B7>;D<180
#>=C0=00=3F4BC4A=)>DC70:>C0B>DC7F0A3
&=2062@'5?F<A5<?B@9B1<C606.;B@
2;4A5%.;42
0:6;
*2645A4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
"(&*%!
*?2;@'?<49<1FA61.2
4=4A0;>DB4-A4=)<0;;FA4=F4BC4A=
?0A:<0=88F8C71A>F=7403=0?40=3102:
B7>F8=6E4AH58=430A:1A>F=10AB508=CF78C4
4H41A>FB0=36A0H1A>F=D=34A?0ACBF8C758=4
1A>F=10AB>=5;0=:B0=314;>FC08;-8=6B0=3C08;
0A41A>F=F8C730A:4A10AB8;;8BC78=0=3B;867C;H
342DAE43
>A068=60=34438=6>DB4-A4=0CB8=B42CB
BD270B6A0BB7>??4AB144C;4B2A82:4CBCAD41D6B0=3
20C4A?8;;0AB0;B>5443B>=B?834AB<8;;8?434B0=3
B=08;B5>A064B1H6;40=8=68=B42CB5A><;40E4B0=3
B7AD1B
A4438=60=3$4BC8=6>DB4-A4=8E4C>=8=4F78C4466BF8C71A>F=5;42:B0A4;0838=0=4BC<034>5
BC82:B0=36A0BB;8=43F8C7540C74AB0=3B>5C<0C4A80;B0=31D8;C8=0CA4420E8CH2A4E824>A=4BC1>G
=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=-40:5;DCC4A8=638A42C5;867CF8C7A0?83B70;;>FF8=6140CB
(0=640=3018C0C>DB4-A4=A443B5A><B>DC74A=0=030
B>DC7F0A3C>24=CA0;0;85>A=8024=CA0;$4F#4G82>=>AC74A=A:0=B0B
0=3=>AC74A=4>A680%C74A5>A<B0A45>D=35A><#4G82>B>DC7F0A3
C7A>D67>DC)>DC7<4A8200=3C74-4BC=384B)?4=3BF8=C4AB8=C74
B>DC74A=+)0=3#4G82>5A><0;85>A=80*4G0B0=324=CA0;A:0=B0B
C>B>DC74A=#0AH;0=30=3B>DC7F0A3C>C74D;52>0BC0=3C7A>D67>DC
;>A830&A454AA437018C0CB8=2;D34>?4=F>>3;0=3B5>A4BC4364B5>A4BC
>?4=8=6BB7AD11H0A40B50A<;0=3B>A270A3BA4B834=C80;0A40B0=3
BD1DA10=?0A:B
&=2062@'?<49<1FA2@.21<;
2;4A5%.;42
0:6;
*2645A
4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@#<9F4.:<B@
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;.??21<?/.;121
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
%&*%!
*?2;@'?<49<1FA61.2
4=4A0;#0AB7-A4=)<0;;FA4=F8C7;867C;H10AA43
F0A<1A>F=D??4A?0ACB1;02:0=3F78C4CA80=6D;0A
?0C27>=D??4A102:0=33D;;F78C4D=34A?0ACBF8C7
?0;41A>F=B834BA>F=8B30A:0=34H41A>FB0A4
F78C4*08;8BA4;0C8E4;HB7>AC0=330A:10AA43;02:
18;;8B;>=60=3B;4=34A"46B0=3544C0A41;02:
>A068=60=34438=6#0AB7-A4=0CB8=B42CB0=3
>C74A8=E4AC41A0C4B>A064B>=>A=40AC74<0AB7
5;>>AF74A48C6;40=B5>>35A><E464C0C8>=0=3C74
F0C4ABDA5024)><4C8<4B5>A064B8=C782:4CB>AB7AD1
?0C274B=40A<0AB74B
A4438=60=3$4BC8=6#0AB7-A4=*7A44C>C4=1A>F=466B5;42:43F8C730A:1A>F=0A4;0838=06;>1D;0A
=4BC<034>5A443B0=320CC08;BF8C70B8344=CA0=24;8=43F8C7540C74AB0=320CC08;3>F=0=30=27>A43C>
A443B=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=-40:5;DCC4A8=65;867CB>5B7>AC3DA0C8>=
(0=640=3018C0C#0AB7-A4=A443B5A><A8C8B7>;D<18024=CA0;
8=C4A8>A0=030#0=8C>100=3$>E0)2>C80B>DC7C>#4G82>C74D;5
2>0BC0=3;>A830)?4=3BF8=C4AB02A>BBC74B>DC74A=C84A>5BC0C4B=>AC7
C>-0B78=6C>=>=C74F4BC2>0BC0=340BCC>$4F 4AB4H>D=38=0
E0A84CH>5F4C;0=37018C0CB
&=2062@6@A<A5<?B@=.9B@A?6@
2;4A5%.;42
0:6;
*2645A
4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2#<9F4.:<B@<9<;6.9
.08#.AA2?;&A?6=21<?@A?2.821
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
&*%!
*?2;@'?<49<1FA61.2
4=4A0;)4364-A4=)<0;;FA4=F8C7
F78C4BCA40:431A>F=D??4A?0ACB0=3?0;41D55
D=34A?0ACBH41A>FB0A4?0;41A>F=*08;8BB7>AC
0=310AA438;;8BB7>AC0=3C74;46B0=3544C0A4
?8=:%=4>5C74<>BC=><0382C4AA8C>A80;18A3B=
0=H0A408C<0H1401D=30=C>=4H40A01B4=CC74
=4GC
>A068=60=34438=6)4364-A4=0CB<>BC;H
8=B42CB0=3B?834AB5>A064BF78;4B20<?4A8=6>=C74
6A>D=38=F4C<403>FB0=38=;>F1ADB7
A4438=60=3$4BC8=6)4364-A4=>DAC>4867CF78C4466B0A4;0838=0=4BC<034>5BC4<B6A0BB0=3
B4364B;8=43F8C7?;0=C3>F=540C74AB0=35DA0=31D8;CD?C>544C01>E4C746A>D=38=6A0BB=2D10C8>=
A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=-40:5;DCC4A8=65;867CF8C7B70;;>FA0?83F8=6140CB0;C4A=0C8=6B4AE4A0;F8=6BCA>:4BF8C7
F8=6B148=63A0F=C>B834BA4?40C43;H
(0=640=3018C0C)4364-A4=A443B8=)0B:0C274F0=#0=8C>100=3
$4FAD=BF82:B>DC7C>!0=B0B#8BB>DA80=34;0F0A4)?4=3B
F8=C4AB=>AC7C>B>DC74A=;;8=>8B0=3,8A68=80>D=38=34=B4
<0AB7;0=3B0=36A0BB;0=3B
&=2062@6@A<A5<?B@=9.A2;@6@
2;4A5%.;42
0:6;
*2645A4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2#<9F4.:<B@
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&A?6=21<?@A?2.821
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
*!'%*%!
*?2;@'?<49<1FA61.2
4=4A0;-8=C4A-A4=*8=HFA4=F8C710AA4330A:
1A>F=D??4A?0ACB0=3?0;44H41A>FBA>F=
D=34A?0ACB740E8;H10AA43>=5;0=:B14;;H0=3
D=34AC08;*08;8BB7>AC8;;8B30A:1A>F="46B0=3
544C0A41A>F=%=;H<4<14A>5C74FA4=50<8;H
5>D=3>DCB834C74<4A820B>22DA8=68=DA>?4B80
0=35A820
>A068=60=34438=6-8=C4A-A4=443B>=8=B42CB
0=3>C74AB<0;;8=E4AC41A0C4B5>A064B>=C746A>D=3
0=30;>=610=:B>5BCA40<B
A4438=60=3$4BC8=6-8=C4A-A4=>DAC>B4E4=F78C4466BF8C71A>F=5;42:B>=;0A644=30A4;0838=0
1D;:H=4BC<034>5CF86B0=3<>BBF8C70=4=CA0=24>=C74B834;8=43F8C7B>5C4A<0C4A80;0=3>5C4=
2>=240;430<>=6D?CDA=43A>>CB>5050;;4=CA44=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1H
C7454<0;4
;867C&0CC4A=-40:5;DCC4A8=65;867CB>5B7>AC3DA0C8>=
(0=640=3018C0C-8=C4A-A4=A443B5A><;0B:00=3A8C8B7
>;D<18040BCC7A>D67B>DC74A=0=030C>$4F5>D=3;0=30=3B>DC7C>
0;85>A=80=>AC74A=307>C74A40C"0:4BA468>=0=3B>DC74A=$4F
=6;0=30=38=C74<>D=C08=BC>4>A680)?4=3BF8=C4AB02A>BB<D27>5
C74B>DC74A=+)B>DC7C>B>DC74A=0;85>A=80C74D;5>0BC0=3
;>A8304=B4C0=6;4B0=3C782:4CB8=2>=854A>DB0=3<8G435>A4BCB0A4
?A454AA437018C0CB
&=2062@'?<49<1FA2@A?<49<1FA2@
2;4A5%.;42
0:6;
*2645A4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2#<9F4.:<B@
?2216;4#<=B9.A6<;/B;1.;A
.08#.AA2?;.??21<?/.;121
299F#.AA2?;.??21<?/.;121
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
"!%"*!!'
6;492A@%24B961.2
4=4A0;>;34=2A>F=43!8=6;4C,4AHB<0;;
F0A1;4A;8:418A3>;8E46A44=C>6A0HD??4A?0ACB0=3
?0;41A40BC40370B1A867C>A0=642A>F=?0C27
1>A34A43F8C7H4;;>F0=31;02:F78C44H41A>FB0=3
1;02:18;;*08;8BB7>AC0=3F8=6B70E4CF>10AB
-40:5;DCC4A8=65;867C>=B70;;>FF8=6140CB
>A068=60=34438=6>;34=2A>F=43!8=6;4C0CB
<08=;H8=B42CB8=B42C466B0=3B443B3A8=:BCA44
B0?B><4C8<4B5A><B0?BD2:4A3A8;;F4;;B5>A064B
F78;4<>E8=60<>=61A0=274B0=3;40E4B>5C4=
5;82:8=68CBF8=6BC>5;DB7?A4H
A4438=60=3$4BC8=6>;34=2A>F=43!8=6;4C8E4C>4;4E4=2A40<HF78C4466BB?;>C27431A>F=>A6A0H
0A4;0838=0=4BC<034>5;8274=B0=3<>BB;8=43F8C710A:278?BA>>C;4CB0=3540C74AB0=31D8;C>=0
2>=854A1A0=275A><C>544C01>E4C746A>D=3=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC
1HC7454<0;4
;867C&0CC4A=-40:5;DCC4A8=65;867C0;C4A=0C8=6A0?83B70;;>FF8=6BCA>:4BF8C701A845?D;;>5F8=6BC>
B834B>E4AB>E4A5>>3145>A438??8=63>F=C>?82:8CD?F8C7140:
(0=640=3018C0C>;34=2A>F=43!8=6;4C><<>=5A><B>DC74A=
;0B:0C>24=CA0;0=0300=3B>DC740BCC>C740A>;8=0BB?4=3BF8=C4AB
B>DC7C>;>A8300=3C74D;52>0BC&A454AA437018C0CB8=2;D3434=B4
2>=854A5>A4BCB0;B>5>D=38=34283D>DB0=3<8G435>A4BCB
&=2062@%24B9B@@.A?.=.
2;4A5%.;42
0:6;
*2645A4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
%(,%"*!!'
6;492A@%24B961.2
4=4A0;(D1H2A>F=43!8=6;4C#438D<:8=6;4C
>;8E46A44=D??4A?0ACB0=36A0HF0B743?0;4H4;;>F
D=34A?0ACB40370B8=2>=B?82D>DBCD5C>5A432A>F=
540C74ABF78C4B?42C02;4B-8=6B0A430A:F8C7CF>
F78C410AB*08;8BB;867C;H=>C27430=370BF78C4
4364B-40:5;DCC4A8=65;867C>=B70;;>FF8=6140CB
>A068=60=34438=6(D1HA>F=43!8=6;4C84C
2>=B8BCB>58=B42CB8=B42C466B5AD8CB0=3B443B
5>A064B1H6;40=8=6CA44CAD=:B1A0=274B0=334=B4
5>;8064
A4438=60=3$4BC8=6(D1HA>F=43!8=6;4C8E4C>4;4E4=2A40<HF78C4466BB?;>C2743F8C71A>F=>A
6A0H0A4;0838=0=4BCBDB?4=3435A><CF86B14;>F0B74;C4A8=60=32>=240;8=67>A8I>=C0;1A0=27=2D10C8>=
A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=-40:5;DCC4A8=65;867CF8C7B70;;>FF8=6140CB
(0=640=3018C0C(D1HA>F=43!8=6;4CA443B5A><;0B:040BC
02A>BB0=030C>$4F5>D=3;0=3B>DC7C>B>DC74A=0;85>A=800=3$4F
#4G82>8=C74F4BC0=3C>C74A40C"0:4BA468>=0=3=>AC74A=$4F
=6;0=38=C7440BC)?4=3BF8=C4ABB>DC75A><B>DC74A=A8C8B7>;D<180
0=30;85>A=8002A>BBC74B>DC74A=C84A>5BC0C4BC>B>DC74A=$4F=6;0=3
&A454AA437018C0CB8=2;D342>=854A>DB0=334283D>DB5>A4BCB
&=2062@%24B9B@0.92;1B9.
2;4A5%.;42
0:6;
*2645A4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;*612@=?2.1
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
(%,
!''%
"91*<?91*.?/92?@.;1;.A0.A052?@&F9C661.2
4=4A0;;D46A0H=0C20C274A)<0;;
5;H20C274A;8:4?4A278=618A31;D46A0HD??4A?0ACB
F78C4D=34A?0ACB?A><8=4=CF78C44H4A8=6-8=6B
0A430A:;02:C08;8B;>=60=3F78C443643>A064B
8=C782:4CBCA44B0=3B7AD1B5>A8=B42CBC748A466B0=3
;0AE04-40:5;DCC4A8=65;867C>=B70;;>FF8=6140CB
>A068=60=34438=6;D46A0H=0C20C274A0CB
0?783B74<8?C4A0=B144C;4B<>C7B1DCC4A5;84B5;84B
0=CB144BF0B?B0=3B?834AB5>A064B1H<>E8=6D?
0=33>F=>DC4A1A0=274B>5CA44B>AB7AD1B
A4438=60=3$4BC8=6;D46A0H=0C20C274A>DA>A58E4?0;41;D4466BDBD0;;HF8C71A>F=5;42:B0A4
;0838=0B<0;;2D?=4BC>5?;0=C3>F=0=3B?834AF41B342>A0C43F8C7;8274=B0=350BC4=43C>07>A8I>=C0;
1A0=270C0;<>BC0=H74867C01>E4C746A>D=3>C7?0A4=CB8=2D10C4466B5>A30HB
;867C&0CC4A=-40:5;DCC4A8=65;867CF8C7B70;;>FF8=6140CB
(0=640=3018C0C;D46A0H=0C20C274AA443B5A><=>AC74A=
0;85>A=80>;>A03>B>DC74A=A40C"0:4BA468>=B>DC74A=%=C0A8>0=3
$4F0<?B78A4B>DC7F0A3)?4=3BF8=C4AB5A><B>DC74A=0;85>A=80C>
C74D;52>0BC0=3C740A>;8=0B&A454AA437018C0CB8=2;D3434283D>DB
F>>3;0=3BBCA40<B834C782:4CB;8E4>0:B?8=H>=9D=8?4A0=3270?0AA0;
&=2062@#<96<=A69.0.2?B92.
2;4A5%.;42
0:6;
*2645A4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
%!%"!
'5?B@52@'B?161.2
4=4A0;<4A820=(>18="0A6450<8;80A$>AC7
<4A820=C7ADB76A0H1A>F=D??4A?0ACBA827
A431A>F=1A40BC0=3F78C4;>F4A14;;H0=3D=34AC08;
2>E4ACB4030??40AB1;02:F8C7F78C4B?;>C274B
BDAA>D=38=6C744H4B0=3C7A>0C8BF78C4F8C71;02:
BCA40:B)F85C38A42C5;867C>=A0?83;H140C8=6F8=6B
>A068=60=34438=6<4A820=(>18=443B>=
F8;30=32D;C8E0C435AD8CB14AA84B40AC7F>A<B0=3
8=B42CBBD270B144C;46AD1B20C4A?8;;0AB0=3
6A0BB7>??4AB0??40ABC>;8BC4=JC>C746A>D=31H
2>2:8=68CB7403F74=BC0;:8=640AC7F>A<B
A4438=60=3$4BC8=6<4A820=(>18=*7A44C>B4E4=?0;41;D4466BB><4C8<4B5;42:43F8C71A>F=0A4
;0838=0F4;;<0342D?>5<D3A48=5>A243F8C76A0BB0=3CF86B;8=43F8C7B>5C4A6A0BB0=31D8;C8=0CA44>A
>=0;4364=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4(>18=BDBD0;;H70E4CF>
1A>>3B?4AB40B>=
;867C&0CC4A=)F85CBCA>=638A42C5;867C
(0=640=3018C0C<4A820=(>18=A443B5A><;0B:040BCC>
$4F5>D=3;0=30=3B>DC7C>0;85>A=80*4G0BA:0=B0B0=3)>DC7
0A>;8=0+BD0;;HB?4=3BF8=C4AB=>AC7C>A8C8B7>;D<1800=3
$4F5>D=3;0=3&A454AA437018C0CB8=2;D34C>F=B60A34=B>?4=
F>>3;0=3B0=306A82D;CDA0;;0=3B
&=2062@'B?1B@:64?.A<?6B@
2;4A5%.;420:
6;
*2645A4<G
*6;4@=.;%.;42
0:
6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;*612@=?2.1/B;1.;A
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
&'%!(%
'5?B@52@'B?161.2
4=4A0;0BC4A=;D418A3)<0;;C7ADB7F8C71A867C
1;D4D??4A?0ACBADBC1A>F=C7A>0C0=31A40BC0=3
F78C414;;H0=3E4=C>A064B8=C74>?4=5A><;>F
1A0=274B5>A8=B42CB40AC7F>A<B0=3B?834AB0CB
<>BC;H14AA84B0=3B443B8=F8=C4A);>F38A42C5;867C
F8C7B70;;>F94A:HF8=6140CB
>A068=60=34438=60BC4A=;D418A3443B>=
8=B42CB40AC7F>A<BB=08;B0=3>C74A8=E4AC41A0C4B
0=38B7867;H34?4=34=CD?>=14AA84B3DA8=6F8=C4A
5>A064B5A><;>F?4A274BDBD0;;H70F:8=68=B42CB
A4438=60=3$4BC8=60BC4A=;D418A3>DAC>B8G;867C1;D4>AF78C4466B0A4;0838=0;>>B42D?>56A0BB
0=3?;0=CBC4<B1D8;C8=0=0CDA0;CA4420E8CH>;3F>>3?42:4A7>;454=24?>BC>A18A31>GC>544C01>E4
C746A>D=3=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=);>F5;867CF8C7B70;;>FF8=6140CB
(0=640=3018C0C0BC4A=;D418A3A443B40BC>5(>2:84B5A><
B>DC740BC0=030C>D;5>5#4G82>F8=C4AB8=B>DC74A=?>AC8>=>5
1A4438=6A0=64=7018CB>?4=F>>3;0=3B2;40A8=6B50A<;0=3B?0A:B
>A270A3B60A34=B584;3B>5C4=B44=0;>=6A>03B834B>=DC8;8CHF8A4B0=3
54=24B
&=2062@&6.96.@6.96@
2;4A5%.;42
0:6;
*2645A
4
<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@#.6?@
?2216;4#<=B9.A6<;.6?9F0<::<;6;?.;42
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
%,'%(&
'5?B@52@'B?161.2
4=4A0;A0H2744:43*7ADB7)<0;;C7ADB7
<8=8<DBF8C7>;8E41A>F=D??4A?0ACB1D551A>F=
1A40BCF8C71A>F=B?>CB0=3F78C4>A1D5514;;HA0H
4H4A8=68B8=38BC8=2C+??4A<0=381;48B1;02:F8C7
?0;410B4F78;4;>F4A<0=381;48BH4;;>FF8C71;02:
C8?*08;0=3AD<?70E4ADBC1A>F=F0B7
>A068=60=34438=6A0H2744:43*7ADB70CB
<>BC;H8=B42CBBD270B144C;4B0=CBF0B?B0=3
20C4A?8;;0AB0;B>5443B>=B?834AB2A0H58B7B>F1D6B
40AC7F>A<B6A0?4BF8;3274AA84B1;02:14AA84B0=3
A0B?14AA84B+BD0;;H5>A064B>=C746A>D=3
A4438=60=3$4BC8=6A0H2744:43*7ADB7*7A44C>B8G6A44=1;D4C>?0;41;D4466BF8C71A>F=B?42:B
0A4;0838=0=4BC<034>56A0BBB4364B10A:F443BC4<BCF86B0=3<>BB;8=43F8C76A0BB;40E4B0=358=4
A>>C;4CB0=31D8;C>=;>F1A0=27>50CA44>AB7AD1D?C>544C01>E4C746A>D=3=2D10C8>=A0=64B5A><
C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=(4;0C8E4;HBF85C38A42C5;867CF8C7B><4F70C94A:HF8=6BCA>:4B
(0=640=3018C0CA0H2744:43*7ADB7A443B5A><=>AC74A=;0B:0
02A>BB=>AC74A=0=030C>$4F5>D=3;0=3B>DC7C>=>AC74A=A8C8B7
>;D<180=>AC74A=%=C0A8>0=324=CA0;'D4142)?4=3BF8=C4AB8=
4=CA0;0=3)>DC7<4A820&A454AA437018C0CB8=2;D342>=854A>DB5>A4BCB
?A8<0A8;HB?AD24C0;;B7AD11H0A40B8=C086034283D>DB5>A4BCB0=3>?4=
F>>3;0=3B
&=2062@.A5.?B@:6;6:B@
2;4A5%.;42
0:6;
*2645A4
<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&=<AA21<?@=208921
<=F?645A 6A05*.6A2?<B=
% ''%(&
'5?B@52@'B?161.2
4=4A0;4A<8C*7ADB7)<0;;C7ADB7F8C7
>;8E41A>F=C>A43>A6A0H1A>F=D??4A?0ACB
1;02:B?>CC43F78C4D=34A?0ACB0=3AD5>DBC08;
8BC8=2CF78C44H4A8=6&8=:;46B544C)F85C38A42C
5;867C<0H7>E4A1A845;H>E4A?A4H>=B834A43C>
70E4>=4>5C74<>BC140DC85D;B>=6B>50;;$>AC7
<4A820=18A3B*74BC0C418A3>5,4A<>=C
>A068=60=34438=64A<8C*7ADB70CB8=B42CB
B<0;;8=E4AC41A0C4B5AD8CB0=35>A1B>A064B>=1>C7
C746A>D=30=38=E464C0C8>=<0H<>E4;405;8CC4A
F8C78CB18;;C>;>>:5>A5>>3
A4438=60=3$4BC8=64A<8C*7ADB7*7A44C>B8G6A44=1;D4466BB><4C8<4B5;42:43F8C71;02:0A4;083
8=0F4;;<0342D?>5<>BB;40E4B0=3A>>C;4CB2>=240;43>=C746A>D=3>A8=0;>F1DB78=C745>A4BC
=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=)F85C38A42C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0C4A<8C*7ADB7A443B5A><24=CA0;;0B:040BCC>
$4F5>D=3;0=30=3B>DC7C>B>DC74A=0;85>A=80=>AC74A=$4F#4G82>
-8B2>=B8=0=3,8A68=80)?4=3BF8=C4AB5A><-0B78=6C>=0=3B>DC74A=
$4F=6;0=3B>DC7F0A3&A454AA437018C0CB8=2;D342>=854A>DB0=3
<8G435>A4BCB34283D>DBF>>3;0=3B0=3C782:4CB0A450E>A433DA8=6
<86A0C8>=0=3F8=C4A
&=2062@.A5.?B@4BAA.AB@
2;4A5%.;42
0:6;
*2645A
4
<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;.6?9F0<::<;
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&=<AA21<?@=208921
&*!&"!&'%(&
'5?B@52@'B?161.2
4=4A0;)F08=B>=B*7ADB7#438D<B8I43C7ADB7
BF08=B>=8F8C73D;;>;8E41A>F=>A>;8E46A0H
D??4A?0ACB?0;41D554H4A8=630A:<>DBC0274BCA8?4
0=31A>F=B?>CC431D55C7A>0C0=31A40BC0=3F78C4
14;;H"46B0=3544C0A4?8=:6A0H;84B8=0BF85C
38A42C5;867CF8C7A0?83F8=6140CB
>A068=60=34438=6)F08=B>=B*7ADB70CB
8=B42CBB=08;B0=340AC7F>A<B0;B>C0:4B5AD8CB0=3
14AA84B3DA8=650;;<86A0C8>=>A064B=40AC746A>D=3
1DC78674A8=D=34ABC>AHC70=>C74AC7ADB74B
>220B8>=0;;H20C274B8=B42CB8=<8308A>;;>FB0A<H
0=CBF0A<B8=F8=C4A
A4438=60=3$4BC8=6)F08=B>=B*7ADB7*7A44C>58E4?0;41;D4466BDBD0;;H5;42:43F8C71A>F=0A4;083
8=0=4BC<034>5BC82:B<>BB;40E4B?;0=C5814AB0=310A:0<833;4;0H4A>5<D30=3;8=43F8C7;8274=B
3A843;40E4B0=3A>>C;4CB$4BC8B1D8;C2;>B4C>C74CAD=:>=02>=854A1A0=27DBD0;;H5A><C>544C01>E4
C746A>D=3=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=(4;0C8E4;HBF85C38A42C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0C)F08=B>=B*7ADB7A443B5A><;0B:040BC02A>BB
0=030C>$4F5>D=3;0=3B>DC7C>A8C8B7>;D<180#827860=0=3
=>AC74A=$4F=6;0=30=38=<>D=C08=BC>B>DC74A=0;85>A=80
>;>A03>0=3-4BC,8A68=80)?4=3BF8=C4AB8=CA>?82B&A454AB
2>=854A>DB5>A4BCB0=3F8;;>FC782:4CB
&=2062@.A5.?B@B@AB9.AB@
2;4A5%.;42
0:6;
*2645A
4
<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;.6?9F0<::<;
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&=<AA21<?@=208921
<=F?645A 6A05*.6A2?<B=
)%,
'5?B@52@'B?161.2
4=4A0;,44AH#438D<B8I43C7ADB7F8C7
ADBC1A>F=D??4A?0ACB8=38BC8=2C?0;46A0H4H4A8=6
F78C4D=34A?0ACB0=3508=CADBC1A>F=B?>CB>=C74
1A40BC0A:A02470B6A0H1A>F=D??4A?0ACB0=3
1A40BCB?>CB*74<0;4B8=6B0;>E4;H4C74A40;
3>F=F0A3B;DAA8=6B>=60CBD=B4C)7H0=3A4C8A8=6
>A068=60=34438=6,44AH0CB8=B42CBB?834AB
14AA84B0=35AD8CB>A064B>=C746A>D=30=38=
CA44BBF>>?B5A><;>F?4A27C>C0:4?A4H>=C74
6A>D=3>A6;40=B5>>35A><1A0=274B5>;8064>AC74
6A>D=3
A4438=60=3$4BC8=6,44AH*7A44C>58E4?0;41;D4466B0A4;0838=02D?=4BC<034>56A0BBBC4<BCF86B
0=3<>BB;8=43F8C7B>5C10A:0=33AH;40E4B0=31D8;C0C>?0?;0C5>A<>=3AH6A>D=3B74;C4A431HB7AD1B
6A0BB>AF443B=4BC8BB><4C8<4B1D8;C8=0;>FCA44>AB7AD1=2D10C8>=A0=64B5A><C>30HB0=38B
20AA843>DC1HC7454<0;4
;867C&0CC4A=(4;0C8E4;HBF85C38A42C5;867CF8C7B><4F70C74B8C0=C<>C8>=>=A0?83;H140C8=6F8=6B
(0=640=3018C0C,44AHA443B5A><B>DC74A=A8C8B7>;D<18040BC
C>$4F5>D=3;0=30=3B>DC7C>A8I>=0)>DC70:>C0#8==4B>C0$4F
4AB4H0=38=<>D=C08=BC>4>A680)?4=3BF8=C4AB8=CA>?82B=7018CB
<>8BC34283D>DBF>>3;0=3B?A454ABF8;;>FC782:4CB0;>=6BCA40<B8=C74
F4BC
&=2062@.A5.?B@3B@02@02;@
2;4A5%.;42
0:6;
*2645A
4
<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;.6?9F0<::<;
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&=<AA21<?@=208921
*""'%(&
'5?B@52@'B?161.2
4=4A0;->>3*7ADB7#438D<C7ADB7ADBC1A>F=
D??4A?0ACBF78C4D=34A?0ACBF8C7740EH30A:1A>F=
B?>CBH4A8=6B0A4F78C4;02:18;;70B2A40<H?8=:
10B4>=;>F4A<0=381;4=C7440A;HB8CBA0=64
1460=C>4G?0=3=>AC75>A28=6C74,44AH0=34A<8C
C7ADB74BC>58=30=>C74A7018C0C
>A068=60=34438=6->>3*7ADB70CBE0A8>DB
8=B42CBB?834AB0=35AD8CB5443B;0A64;H>=5AD8CB0=3
14AA84B3DA8=650;;<86A0C8>=5>A064B>=C746A>D=3
0=38=;>FE464C0C8>=
A4438=60=3$4BC8=6->>3*7ADB7*F>C>58E4?0;41;D4>A1;D46A44=466B0A4;0838=02D?=4BC<034>5
<>BB<D30=33A843;40E4B;8=43F8C758=4A>>C;4CB0=31D8;CC>544C01>E4C746A>D=38=0CA44>A
B7AD1=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=)F85C38A42C5;867C>=A0?83;H140C8=6F8=6B
(0=640=3018C0C->>3*7ADB7A443B5A><#0=8C>10%=C0A8>0=3
$>E0)2>C80B>DC7C>;>A8300=3D;5>5#4G82>)?4=3BF8=C4AB8=
CA>?82B>D=38=<>8BC34283D>DBF>>3;0=3BF8C70C782:D=34ABC>AH
0;B>F4;;?;0=C43?0A:B0=360A34=B
&=2062@F9<06059.:B@A296;.
2;4A5%.;420:6;
*2645A4
<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&=<AA21<?@=208921
<=F?645A 6A05*.6A2?<B=
%"*!'%&%
<086;4/6?1@.;1'5?.@52?@ 6:61.2
4=4A0;A>F=*7A0B74A#438D<C7A0B74AAD5>DB
D??4A?0ACB1;02:BCA40:43?0;41A>F=D=34A?0ACB
H4B0A4H4;;>FA>F=1;02:18;;2DAE4B3>F=
;>F4A<0=381;470B?0;410B4-8=6B70E4CF>F78C4
0=31;02:10AB*08;8B;>=60=3A431A>F="46B0=3
544C0A41A>F=0BC5;867C>=B70;;>FA0?83F8=6
140CB
>A068=60=34438=6A>F=*7A0B74A443B>=
8=B42CBB<0;;0<?78180=B5AD8CB0=3B><46A08=
(D=B@D82:;H>=C746A>D=3F74=5>A068=6CDA=8=6
;40E4B>E4AF8C718;;C>58=35>>3
A4438=60=3$4BC8=6A>F=*7A0B74A*F>C>B8GF78C4C>?0;41;D4466BF8C7;867C1A>F=B?42:B0A4;083
8=0;0A64=4BC1D8;C5A><BC82:B6A0BB;40E4B0=3A>>C;4CB;8=43F8C76A0BB0=31D8;C=40AC746A>D=38=0
34=B4>5C4=C7>A=H1DB7=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1H1>C7?0A4=CB
;867C&0CC4A=(0C74A50BC5;867C=B70;;>FF8=6140CB)7>AC5;867CB0A4<034F8C7B4E4A0;A0?83F8=6140CB
0;C4A=0C43F8C71A845?4A8>3BF8C7F8=6B?D;;43C>B834BA4?40C43
(0=640=3018C0CA>F=*7A0B74AA443B5A><B>DC740BC4A=;14AC0
#0=8C>10%=C0A8>0=3=>AC74A=$4F=6;0=3B>DC7C>C74D;52>0BC
0=3;>A830)?4=3BF8=C4AB8=B>DC74A=?0AC>51A4438=6A0=64
&=2062@'<E<@A<:.?B3B:
2;4A5%.;420:
6;
*2645A4<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&A?6=21<?@A?2.821
?2.@A#.AA2?;&A?6=21<?@A?2.821
%,'%
<086;4/6?1@.;1'5?.@52?@ 6:61.2
4=4A0;A0H0C18A3)<0;;B7H30A:6A0H
<>2:8=618A3F8C71;02:20?0=3A431A>F=D=34AC08;
2>E4ACB*7418;;;46B0=3544C0A41;02:>A064B>=
6A>D=3B7AD1B0=31A0=274B443B<>BC;H>=8=B42CB
0=3C748A;0AE04B?834AB14AA84B0=35AD8CB)F85C
38A42C5;867C>=A0?83F8=6140CB
>A068=60=34438=6A0H0C18A3443B<>BC;H>=
8=B42CBBD270B144C;4B20C4A?8;;0AB282030B2A82:4CB
6A0BB7>??4AB<>C7B0=CB0=30?783B0;B>40CB
B?834AB5AD8CB14AA84B0=3B443B5>A064B>=C74
6A>D=3>A8=B7AD1B0=3;>FCA44B
A4438=60=3$4BC8=6A0H0C18A3*F>C>B8G30A:1;D46A44=466B0A4;0838=0=4BC<034>5CF86B0=3
6A0BB;8=43F8C758=4A<0C4A80;B0=31D8;C8=034=B4B7AD1>A;>FCA44=2D10C8>=A0=64B5A><C>30HB
0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=)F85C5;867C>=B4A84B>5A0?83;H140C8=6F8=6B;C4A=0C4BB4E4A0;A0?83F8=6140CBF8C7F8=6B
?D;;43C>B834B
(0=640=3018C0CA0H0C18A3A443B5A><B>DC74A=0=030C>24=CA0;
$4F#4G82>0=3C74D;5BC0C4B0=38=4A<D30#>BCB?4=3F8=C4AB8=
C74B>DC740BC4A=+)&0=0<00=3C74-4BC=384B1DCB><4F8=C4A
=>AC7C>#8==4B>C00=3B>DC740BC4A=0=030&A454AB;>F34=B4
E464C0C8>=>AE8=4C0=6;4B0CC744364B>55>A4BCB<0AB74B0=3BCA40<B
3>4B=>C>22DA8=5>A4BC8=C4A8>AB)D1DA10=;0=3B20?4B>5C4=2>=C08=6>>3
7018C0C5>AC78BB?4284B
&=2062@B:2A299.0.?<96;2;@6@
2;4A5%.;420:6;
*2645A4
<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
!"%'%! "!%
<086;4/6?1@.;1'5?.@52?@ 6:61.2
4=4A0;$>AC74A=#>2:8=618A3#438D<B8I43
<>2:8=618A3F8C76A0HD??4A?0ACB?0;4A6A0H
D=34A?0ACB0=3C78=1;02:<0B:-8=6B0A4
6A0H1;02:F8C7CF>F78C410AB0=3;0A64F78C4
?0C274BE8B81;4F74=B?A403*74C08;8B;>=66A0H
0=343643F8C7F78C4"46B0=3544C0A41;02:443B
>=5AD8C0=38=B42CB
>A068=60=34438=6$>AC74A=#>2:8=618A384C
2>=B8BCB>58=B42CB5AD8CB2ADBC0240=B0=3B<0;;
E4AC41A0C4B5>A064B8=5>;80640=3>=C746A>D=3
A4438=60=3$4BC8=6$>AC74A=#>2:8=618A3*F>C>B8G1;D46A44=466BF8C71A>F=B?;>C274B0A4;0838=0
1D;:H2D?=4BC<034>5BC82:B0=3F443BC4<B0=31D8;C8=01DB7>A;>FCA44=2D10C8>=A0=64B5A><C>
30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=)4E4A0;@D82:F8=6BCA>:4B0;C4A=0C43F8C7F8=6B?D;;43C>C74B834B
(0=640=3018C0C$>AC74A=#>2:8=618A3A443B5A><=>AC74A=
0;85>A=8040BC4A=$41A0B:0B>DC74A=%=C0A8>0=3#0A8C8<40=030
B>DC7F0A3)?4=3BF8=C4AB8=C74B>DC74A=?0AC>5A0=64>D=38=
A4B834=C80;0A40B28CH?0A:B50A<;0=3B>?4=2>D=CAHF8C7C782:4CB0=3
34B4AC1ADB7
&=2062@ 6:B@=<9F49<AA<@
2;4A5%.;420:
6;
*2645A4
<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
(%"#!&'%!
&A.?96;4@&AB?;61.2
4=4A0;DA>?40=)C0A;8=6)<0;;27D=:H8A834B24=C
?DA?;40=36A44=1;02:18A3F8C7;>=6?>8=C43H4;;>F
18;;?8=:;46B0=3B7>ACC08;*74540C74AB>=102:0=3
D=34AC08;B7>F1D554364B443B8=>?4=0A40B
=>A<0;;H>=C746A>D=3)CA>=638A42C0=3BF85C5;867C
>=A0?83;H140C8=6F8=6B
>A068=60=34438=6DA>?40=)C0A;8=60CBB443B
8=B42CBB<0;;E4AC41A0C4B24=C8?434BB?834AB
40AC7F>A<B?;0=CB0=35AD8CB2><<>=;HC0:4B5>>3
38B20A3431H7D<0=B
A4438=60=3$4BC8=6DA>?40=)C0A;8=6>DAC>4867C?0;41;D4>A6A44=466BB><4C8<4B<0A:43F8C7
1A>F=0A4;0838=0=4BC<034>5CF86B6A0BB5>A1BBCA0F0=3CA0B7$4BC8B;8=431D8;C8=0=0CDA0;7>;;>F
>50CA4418A31>G1D8;38=62A4E824>A010=3>=43F>>3?42:4A7>;4=2D10C8>=A0=64B5A><C>30HB
;867C&0CC4A=)F85C38A42C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0CDA>?40=)C0A;8=6$0C8E4C>DA0B801DCF834;H
8=CA>3D243F>A;3F834%22DAB5A><;0B:00=3'D4142B>DC7C7A>D67>DC
C742>=C8=4=CC>C74D;52>0BC0=3=>AC74A=#4G82>&A454AA437018C0CB
8=2;D3428C84BBD1DA10=0A40B50A<;0=3B0=3A0=274B
&=2062@&AB?;B@CB94.?6@
2;4A5%.;420:6;
*2645A4<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@<<@20<9<;62@
?2216;4#<=B9.A6<;/B;1.;A
.08#.AA2?;&=<AA21<?@=208921
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
%!##'
*.4A.69@.;1#6=6A@ <A.069961.2
4=4A0;<4A820=&8?8C)<0;;?8?8C6A0H1A>F=
D??4A?0ACB0=3?0;41D55D=34A?0ACB1A40BC8B508=C;H
C>30A:;HBCA40:43*08;8B30A:F8C7F78C44364B
;02:18;;8BC78=0=3;>=6"46B0=3544C0A41;02:C
20=1438BC8=6D8B7435A><B?0AA>FB1H8CB;>=64A18;;
0=37018C>5F0668=68CBC08;D?0=33>F=
>A068=60=34438=6<4A820=&8?8C443B>=
8=B42CBB?834AB<8C4B<>;;DB:B2ADBC0240=B0=3
0@D0C82F>A<B5>A064BF78;4F0;:8=6>=C746A>D=3
A4438=60=3$4BC8=6<4A820=&8?8C*7A44C>B4E4=6A0HF78C4466B<0A:43F8C71A>F=0A4;0838=02D?
>56A0BB0=3CF86B1D8;C>=C746A>D=3B74;C4A431H0A>2:>ACDBB>2:=2D10C8>=A0=64B5A><C>30HB
0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=)F85C5;867C>=B4A84B>5A0?83;H140C8=6F8=6B
(0=640=3018C0C<4A820=&8?8CA443B5A><=>AC74A=;0B:0
#02:4=I840=0380=A2C828B;0=3B0=3$4F5>D=3;0=3B>DC78=
<>D=C08=BC>0;85>A=80$4F#4G82>0=3=>AC74A=$4F0<?B78A4
)?4=3BF8=C4AB02A>BBC74B>DC74A=BC0C4B0=3=>AC7C>A8C8B7>;D<180
0=3B>DC74A=$4F=6;0=3&A454AA437018C0CB8=2;D34A2C820=30;?8=4
CD=3A0140274B10AA4=584;3B06A82D;CDA0;;0=3B0=36>;52>DAB4B
&=2062@;A5B@?B/2@02;@
2;4A5%.;42
0:6;
*2645A4<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;*612@=?2.1
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&A?6=21<?@A?2.821
299F#.AA2?;&<961
?2.@A#.AA2?;&A?6=21<?@A?2.821
&#%(&##'
*.4A.69@.;1#6=6A@ <A.069961.2
4=4A0;)?A06D4B&8?8C#438D<?8?8CF8C7BCA40:43
1A>F=D??4A?0ACB1D551A40BCF8C730A:BCA40:B0=3
F78C4C7A>0C0=314;;HH41A>FB0A4F78C4*08;8B
1A>F=F8C7F78C44364B*78=?0;418;;"46B0A4
H4;;>FC>?0;41A>F=CB?;D<0641;4=3BF4;;0<>=6
?A08A846A0BB4B<0:8=68C385582D;CC>B?>C
>A068=60=34438=6)?A06D4B&8?8C443B>=
8=B42CB0=3B443B5>A064B>=C746A>D=31HF0;:8=6
>AAD==8=62>=BC0=C;H1>118=68CBC08;
A4438=60=3$4BC8=6)?A06D4B&8?8C>DAC>B8G1D55>A6A0H466B<0A:43F8C71A>F=>A6A0H0C;0A64A4=3
0A4;0838=0=4BC<034>56A0BB0=3CF86B;8=43F8C758=4<0C4A80;B0=31D8;C>=C746A>D=3=2D10C8>=
A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4<0HA08B4CF>1A>>3B?4AH40A
;867C&0CC4A=)F85C5;867C>=B4A84B>5A0?83;H140C8=6F8=6B;C4A=0C4BB4E4A0;A0?83F8=6140CBF8C7F8=6B
?D;;43C>B834B
(0=640=3018C0C)?A06D4B&8?8CA443B5A><;14AC00=3#0=8C>10
B>DC7C>#8==4B>C00=3#>=C0=0)?4=3BF8=C4AB5A><B>DC74A=A40C
&;08=B40BCC>#8BB8BB8??80=38=C74B>DC7F4BC&A454AA437018C0CB8=2;D34
B7>AC6A0BB584;3B
&=2062@;A5B@@=?.4B266
2;4A5%.;42
0:6;
*2645A4<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;(;0<::<;A<?.?2
.08#.AA2?;&A?6=21<?@A?2.821
299F#.AA2?;&<961
?2.@A#.AA2?;&A?6=21<?@A?2.821
<=F?645A 6A05*.6A2?<B=
%*+*!
*.ED6;4@<:/F069961.2
4=4A0;430A-0GF8=6)<0;;F0GF8=6
A431A>F=D??4A?0ACB?0;4B;0C46A0HAD<?1D55
D=34A?0ACB4038B2A4BC4370B1;02:<0B:F8C7
=0AA>FF78C410=314;>F.4;;>FC8??43C08;F78C4
D=34AC08;2>E4ACB-8=6B70E4A43F0G;8:4C8?B>=
B42>=30A84B5A><F78278C64CB8CB=0<4;02:18;;
;46B0=3544C
>A068=60=34438=6430A-0GF8=684C2>=B8BCB
<>BC;H>58=B42CBBD270B20A?4=C4A0=CB282030B
20C4A?8;;0ABB20;48=B42CB0=320=:4AF>A<B0;B>
5443B>=14AA84B5AD8CB<0?;4B0?0=35;>F4AB
)><4C8<4B142><4B8=C>G820C435A><40C8=6
54A<4=C4314AA84B8=F8=C4A
A4438=60=3$4BC8=6430A-0GF8=6*F>C>B8G?0;41;D46A0H466BB?>CC43F8C71A>F=0=31;02:0A4
;0838=01D;:H2D?=4BC>5CF86B0=36A0BB1D8;C8=0CA44=2D10C8>=A0=64B5A><C>30HB0=38B20AA843
>DC1H1>C7?0A4=CB
;867C&0CC4A=)CA>=6A0?835;867CF8C7B4E4A0;@D82:F8=6BCA>:4B
(0=640=3018C0C430A-0GF8=6A443B5A><B>DC740BC4A=;0B:0
40BCC>$4F5>D=3;0=30=3B>DC7C>0;85>A=80;;8=>8B0=3,8A68=80
)?4=3BF8=C4AB5A><A8C8B7>;D<180C74A40C"0:4BA468>=0=3$4F
=6;0=3B>DC7F0A3&A454AA437018C0CB8=2;D34>?4=F>>3;0=3B>A270A3B
0=3A4B834=C80;0A40B
&=2062@<:/F0699.021?<?B:
.08#.AA2?;&<961
2;4A5%.;42
0:6;
299F#.AA2?;&<961
*2645A
4
<G
?2.@A#.AA2?;&<961
*6;4@=.;%.;42
0:
6;
?2216;4'F=2 <;<4.:<B@<9<;6.9<?@<96A.?F
;2@A2?
?2216;4#<=B9.A6<;.6?9F0<::<;A<B;0<::<;
6?1@<3<96C.?#2;6;@B9.
%!%&'%'
*<<1*.?/92?@#.?B961.2
4=4A0;<4A820=(43BC0AC#438D<02C8E4F0A1;4A
F8C71;02:D??4A?0ACB0=37>>338BC8=2C8E4
>A0=64A43?0C274B>=F8=6BB834B0=3;>=650==43
C08;0=3F78C4D=34A?0ACB8;;;46B0=3544C0A4
1;02:C5A4@D4=C;H5;0B74B8CB2>;>A5D;F8=6B0=3C08;
C>5;DB78=B42CB5A><5>;8064
>A068=60=34438=6<4A820=(43BC0AC443B>=
8=B42CBB?834AB20C4A?8;;0AB14AA84B5AD8CB0=3B443B
%5C4=?DABD4B5;H8=68=B42CB1H3A>??8=65A><?4A27
0B5;H20C274A;8:41A8BC;4B0A>D=318;;0=32><?4C4B
5>A5>>3F8C7C74"40BC;H20C274AF7827<0H
066A4BB8E4;H0CC02:A43BC0ACB
A4438=60=3$4BC8=6<4A820=(43BC0AC*F>C>58E4F78C4>A?0;46A44=466B<0A:43F8C71A>F=0=3
6A0H0A4;0838=02><?02C2D?>56A0BB10A:B7A43B?;0=C5814AB0=3B?834AB8;:>5C4=342>A0C43F8C7
;8274=B0=3;8=43F8C758=46A0BB0=3708A$4BC8BDBD0;;H1D8;C8=0CA44>A1DB7C>544C01>E4C74
6A>D=34<0;48=2D10C4B466B5>A30HB
;867C&0CC4A=-40:5;867C>=A0?83;H140C8=6F8=6B
(0=640=3018C0C<4A820=(43BC0ACA443B5A><B>DC740BC4A=;0B:0
40BCC>$4F5>D=3;0=30=3B>DC7C>=>AC74A=0;85>A=80>;>A03>
%:;07><0=>AC74A=">D8B80=00=3)>DC70A>;8=0)?4=3BF8=C4AB8=
B>DC74A=*4G0B0=3B>DC74A=0;85>A=800=3?>8=CBB>DC78=C>C74CA>?82B
&A454AA437018C0CB8=2;D34B42>=36A>FC7F>>3;0=3B
&=2062@&2A<=5.4.?BA60699.
2;4A5%.;42
0:6;
*2645A4<G
*6;4@=.;%.;420:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;<::<;A<3.6?9F0<::<;
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
,%&'*%%
*<<1*.?/92?@#.?B961.2
4=4A0;0H1A40BC43-0A1;4A#438D<B8I43
F0A1;4AF8C730A:BCA40:436A0HD??4A?0ACB0=31D55
D=34A?0ACBF8C7274BC=DC1A>F=?0C274B>=C74278=
C7A>0C1A40BC0=35;0=:B*74740370B030A:1A>F=
2A>F=0=31;02:<0B:-8=6B0A41;02:F8C7CF>
F78C410ABC8B>=4>5C74;0A64BCF0A1;4AB
>A068=60=34438=60H1A40BC43-0A1;4A0CB
20C4A?8;;0AB144C;4B5;84B<>C7B<0H5;84B0=CB
;024F8=6B0=320=:4AF>A<B4=4A0;;H6;40=B?A4H
5A><<83;4E4;8==4A?0AC>52>=854AB?0AC82D;0A;H>=
;8274=2>E4A43;8<1BF8C7;8CC;45>;80641DCA4038;H
5>A064B0C>C74A74867CBF8C78=C74CA440=38=
1A>03;40E435>;8064
A4438=60=3$4BC8=60H1A40BC43-0A1;4A>DAC>B8G1A>F=>A?DA?;4<0A:43F78C46A44=>A1;D4466B
0A4;0838=0;>>B4;H1D8;C708A;8=43=4BC<034>5CF86B6A0BB0=3=443;4BB4C8=02>=854A0B<D270B544C
01>E4C746A>D=3=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=-40:5;867C>=A0?83;H140C8=6F8=6B
(0=640=3018C0C0H1A40BC43-0A1;4AA443B5A><=>AC740BC4A=
A8C8B7>;D<18040BCC>#0A8C8<4&A>E8=24B0=3B>DC7C>C74=>AC74A=
A40C"0:4BA468>=0=3=>AC74A=$4F=6;0=3)?4=3BF8=C4AB8=C74
CA>?82B&A454AA437018C0CB8=2;D34>?4=B?AD245>A4BCB0=334283D>DB
F>>3;0=3B
&=2062@2;1?<60.0.@A.;2.
2;4A5%.;42
0:6;
*2645A
4<G
*6;4@=.;%.;420:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;/B;1.;A
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&A?6=21<?@A?2.821
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
!*'*%%
*<<1*.?/92?@#.?B961.2
4=4A0;;02:0=3F78C4-0A1;4A)<0;;
1;02:0=3F78C4BCA8?43F0A1;4AF8C70F78C4<4380=
7403BCA8?41>A34A431H1;02:;02:18;;;46B0=3
544CC5>A064BD=;8:40=H>C74AF0A1;4A1H<>E8=6D?
0=33>F=C74CAD=:B>5CA44B0=32A0F;8=6D=34A0=3
>E4A1A0=274B8=0BCH;4B8<8;0AC>C70C>50=DC70C27
>A068=60=34438=6;02:0=3F78C4-0A1;4A
443B>=20C4A?8;;0AB5;84B1D6B144C;4B1>A4AB
B?834AB0=30AC7A>?>3466<0BB4B*74>=;H$>AC7
<4A820=F0A1;4AC>5>A064A46D;0A;H>=10A:2A44?B
0;>=61A0=274B0=3CAD=:B5A><C7420=>?HC>C74
6A>D=3?82:8=60=3?A>18=6F8C78CBC78=18;;
A4438=60=3$4BC8=6;02:0=3F78C4-0A1;4A>DAC>B8G1A>F=5;42:43F78C4C>2A40<HF78C4466B0A4
;0838=06A>D=3=4BC2><?>B43>5;40E4B6A0BB0=3A>>C;4CB0=3;8=43F8C7708A0=354A=3>F=$4BC8BB4C0C
C7410B4>50CA44BCD<?>AA>2:=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=-40:5;867C>=A0?83;H140C8=6F8=6B
(0=640=3018C0C;02:0=3F78C4-0A1;4AA443B5A><B>DC74A=
#02:4=I84=>AC74A=;14AC00=324=CA0;#0=8C>1040BCC>
$4F5>D=3;0=30=3B>DC7C>B>DC74A=+)40BC>5C74(>2:84B)?4=3B
F8=C4AB5A><B>DC74A=?0ACB>5D;52>0BCBC0C4BB>DC7F0A3&A454AA43
7018C0CB8=2;D34?A8<0AH0=3B42>=30AH5>A4BCB27845;H34283D>DBDA8=6
<86A0C8>=>22DAB8=?0A:B60A34=B0=3;0F=0A40BF8C7CA44B0=3B7AD1B
&=2062@ ;6<A69A.C.?6.
2;4A5%.;42
0:6;
*2645A
4<G
*6;4@=.;%.;420:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;*612@=?2.1
.08#.AA2?;&A?6=21<?@A?2.821
299F#.AA2?;&<961
?2.@A#.AA2?;&A?6=21<?@A?2.821
<=F?645A 6A05*.6A2?<B=
(%!!*%%
*<<1*.?/92?@#.?B961.2
4=4A0;;02:1DA=80=-0A1;4A#438D<F0A1;4A
H4;;>F>A0=6474031;02:20?0=32744:?0C270=3
>A0=64C7A>0C+??4A?0ACB0A41;02:F8C7F78C4BCA8?4B
0=3D=34A?0ACB0A4F78C4F8C71;02:BCA40:435;0=:B
-8=6B70E4?A><8=4=CF78C4?0C274B*74C08;8B
1;02:F8C7F78C4>=>DC4AC08;540C74AB
>A068=60=34438=6;02:1DA=80=-0A1;4A0CB
20C4A?8;;0AB0=3144C;4B7>??8=65A><;8<1C>;8<1
78678=C0;;CA44B;B>70F:B8=B42CB5;H8=65A><0
?4A27C>6A01C74<8=<8308A
A4438=60=3$4BC8=6;02:1DA=80=-0A1;4A>DAC>58E41A>F=B?>CC430=31;>C2743F78C4>A?0;46A44=
466B0A4;0838=0CF86=4BC;8=43F8C7;8274=B<>BB4B0=3708ADBD0;;H1D8;C78678=0;0A642>=854A
=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=)F85C38A42C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0C;02:1DA=80=-0A1;4AA443B5A><)0B:0C274F0=
40BCC>$>E0)2>C80B>DC7C>C74A40C"0:4BB>DC74A=$4F=6;0=3
0=38=<>D=C08=BC>=>AC74A=4>A680)?4=3BF8=C4AB8=C74CA>?82B
&A454AA437018C0CB8=2;D34<8G435>A4BCB>574<;>2:B?AD240=3E0A8>DB
70A3F>>3B
&=2062@2;1?<60.3B@0.
2;4A5%.;42
0:6;
*2645A
4<G
*6;4@=.;%.;420:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;.6?9F0<::<;6;0<;632?<B@
?.;42
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
#"*%%
*<<1*.?/92?@#.?B961.2
4=4A0;;02:?>;;-0A1;4A#438D<B8I43F0A1;4A
F8C71;02:BCA40:436A0HD??4A?0ACBF78C4
D=34A?0ACB0=31;02:BCA40:43F78C4B834B40370B
1;02:20?0=3?A><8=4=CF78C42744:?0C278;;8B
1;02:-8=6B0A430A:F8C7CF>F78C410AB&8=:;46B
0=3544C)F85C38A42C5;867CF8C7A0?83;H140C8=6
F8=6B
>A068=60=34438=6;02:?>;;-0A1;4A0CB
0?783B144C;4B<>B@D8C>4B0=CBF0B?B6=0CB0=3
B?834AB2C8E4;H270B4B8=B42CBB><4C8<4B20C274B
5;H8=68=B42CB8=<8308A
A4438=60=3$4BC8=6;02:?>;;-0A1;4A*7A44C>58E41A>F=>A;0E4=34A<0A:43F78C4466B0A4;0838=0
CF860=36A0BB=4BC>5C4=;8=43F8C7540C74AB0=3DBD0;;H1D8;C8=0B<0;;4E4A6A44=CA444<0;48=2D10C4B
466B5>A01>DC30HB
;867C&0CC4A=-40:5;867C>=A0?83;H140C8=6F8=6B
(0=640=3018C0C;02:?>;;-0A1;4AA443B5A><;0B:00=3=>AC74A=
0=030C>B>DC74A=0=0300=3=>AC74A=$4F=6;0=3)?4=3BF8=C4AB8=
C74CA>?82B&A454AA431A4438=67018C0C8B2>=854A>DB5>A4BCB3DA8=6
<86A0C8>=5>D=327845;H8=C0;;CA44B
&=2062@2;1?<60.@A?6.A.
2;4A5%.;42
0:6;
*2645A
4<G
*6;4@=.;%.;420:6;
?2216;4'F=2 <;<4.:<B@#<9F4.:<B@
?2216;4#<=B9.A6<;/B;1.;A
.08#.AA2?;&A?6=21<?@A?2.821
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
'%"'(*%%
*<<1*.?/92?@#.?B961.2
4=4A0;;02:C7A>0C43;D4-0A1;4A)<0;;F0A1;4A
C70C8BC74<>BCBCA8:8=6;HB4GD0;;H38<>A?782>50;;
F>>3F0A1;4AB#0;470B30A:1;D4D??4A?0ACB1;02:
C7A>0C0=3<0B:-78C4D=34A?0ACBF8C71;02:B834B
0=3F78C4F8=6?0C270C10B4>5?A8<0A84B8;;;46B
0=3544C0A41;02:*7454<0;48B>;8E41A>F=
>A068=60=34438=6;02:C7A>0C43;D4-0A1;4A
443B>=8=B42CB0=3>C74AB<0;;8=E4AC41A0C4B
DA8=6C741A4438=6B40B>=5>A064B5A><>=C74
6A>D=3C>78678=C745>A4BC20=>?H<0;4>5C4=
5>A064B78674AC70=54<0;4;>20C4B07867064>5
?A4H5A><C74;>F4ABDA5024>5;40E4B)<0;;5AD8CB0A4
>5C4=40C4=3DA8=6F8=C4A
A4438=60=3$4BC8=6;02:C7A>0C43;D4-0A1;4A*7A44C>58E4F78C4466B<0A:430=35;42:43F8C7
1A>F=0=36A0H0A4;0838=0=4BC<034>5;40E4B0=36A0BB;8=43F8C72>1F41B0=3708A0=3B4C=40AC74
6A>D=38=0B7AD1>AH>D=6CA44=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=-40:5;867CF8C7B4A84B>5A0?83F8=6140CB0;C4A=0C8=6F8C71A845?4A8>3B>5F8=6B?D;;43C>
B834
(0=640=3018C0C;02:C7A>0C43;D4-0A1;4AA443B5A><%=C0A8>
40BCC>'D41420=3$>E0)2>C80B>DC7C>#8==4B>C0A40C"0:4B0=3
>==42C82DC0=38=C74<>D=C08=BC>=>AC74A=4>A680B?4=3BF8=C4AB8=
D;52>0BCBC0C4B0=3C74A40C4A=C8;;4B&A454AA437018C0CB8=2;D34
<8G4334283D>DB0=34E4A6A44=F>>3;0=3BF8C7C782:D=34A6A>FC7
4B?4280;;H<>D=C08=;0DA4;
&=2062@2;1?<60.0.2?B92@02;@
2;4A5%.;42
0:6;
*2645A
4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
'%"'%!*%% *<<1*.?/92?@#.?B961.2
4=4A0;;02:C7A>0C43A44=-0A1;4A
#438D<B8I43F0A1;4AF8C7>;8E46A44=D??4A?0ACB
1;02:BCA40:435;0=:B0=3F78C4D=34A?0ACB0248B
H4;;>FF8C71;02:4H4BCA8?40=318;;A>F=8B>;8E4
6A44=*7A>0C0=3D??4A1A40BC0A41;02:-8=6B0A4
30A:F8C7CF>F78C410AB*08;8B30A:;02:;46B0=3
544C
>A068=60=34438=6;02:C7A>0C43A44=-0A1;4A
0CB8=B42CB5AD8CB0=3B443B
A4438=60=3$4BC8=6;02:C7A>0C43A44=-0A1;4A*7A44C>58E41A>F=0=3?DA?;4<0A:43F78C4>A6A0H
466B0A4;0838=02D?>56A0BB<>BB0=3?;0=C5814AB;8=43F8C7708A0=3540C74AB0=31D8;C>=01A0=27>50
2>=854A4<0;48=2D10C4B466B5>A01>DC30HB
;867C&0CC4A=-40:5;867C>=A0?83;H140C8=6F8=6B
(0=640=3018C0C;02:C7A>0C43A44=-0A1;4AA443B5A><40BC4A=
A8C8B7>;D<180%=C0A8>0=3$4F5>D=3;0=3B>DC7C>;14AC0
#8==4B>C0%78>=>AC74A=$4F 4AB4H0=38=C74<>D=C08=BC>4>A680
)?4=3BF8=C4AB5A><;>A8300=3*4G0BB>DC7F0A3&A454AA437018C0CB
8=2;D34>?4=BC0=3B>574<;>2:>A?8=4
&=2062@2;1?<60.C6?2;@
2;4A5%.;42
0:6;
*2645A4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;.6?9F0<::<;
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
(*!*%%
*<<1*.?/92?@#.?B961.2
4=4A0;;D4F8=643-0A1;4A#438D<B8I43
F0A1;4AF8C7>;8E46A44=D??4A?0ACB0=3H4;;>F
D=34A?0ACB*7474038BH4;;>FF8C7C78=1;02:4H4
;8=40=3>;8E46A44==0?4-8=6B0A430A:6A0HF8C7
CF>F78C410AB-74=8CBA0=64>E4A;0?BF8C7C74
>;34=F8=643-0AA1;4A8C>5C4=8=C4A1A443BF8C7>A
38B?;024B8C
>A068=60=34438=6;D4F8=643-0A1;4A84C
2>=B8BCB>58=B42CB0=3B?834AB5>A064B8=CA44B0=3
B7AD1B
A4438=60=3$4BC8=6;D4F8=643-0A1;4A>DAC>B4E4=1A>F=0=36A0H5;42:43F78C4466B0A4;0838=0
6A0BB;8=432D?>53403;40E4B0=35814AB0=31D8;C>=>AE4AH=40AC746A>D=38=C782:D=34A6A>FC7
=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=-40:5;DCC4A8=65;867CB>5B7>AC3DA0C8>=
(0=640=3018C0C;D4F8=643-0A1;4AA443B5A><$41A0B:024=CA0;
>F0B>DC74A=-8B2>=B8=B>DC74A=%=C0A8>0=324=CA0;$4F=6;0=3
B>DC7C7A>D6740BC24=CA0;0=3C;0=C822>0BCBC0C4BC>=>AC74A=4>A680
)?4=3BF8=C4AB8=C74CA>?82B&A454AA437018C0CB8=2;D34010=3>=43584;3B
0=3?0BCDA4B6A>F=D?C>B0?;8=6B5>A4BC2;40A8=6B0=34364BF8C7
2;D<?B>520C1A84A1;02:14AAH0=3E0A8>DB1DB74B0=3H>D=6CA44B
&=2062@)2?:6C<?.=6;B@
.08#.AA2?;&<961
2;4A5%.;42
0:6;
299F#.AA2?;&<961
*2645A4<G
?2.@A#.AA2?;&<961
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;(;0<::<;A<3.6?9F0<::<;
6?1@<3<96C.?#2;6;@B9.
!*%%
*<<1*.?/92?@#.?B961.2
4=4A0;0=030-0A1;4A)<0;;F0A1;4AF8C7
B;0C46A0HD??4A?0ACB1A867CH4;;>FD=34A?0ACB
1;02:BCA40:43=42:;0240=3F78C4E4=C*744H4A8=6
8BH4;;>FC>F78C48;;8B6A0H&8=:;46B0=3544C
):D;:B8=;>F34=B4D=34A6A>FC714=40C7<8G43
70A3F>>3B8A42C5;867CF8C7@D82:5;DCC4A8=6F8=6
140CB
>A068=60=34438=60=030-0A1;4A84C2>=B8BCB
?A8<0A8;H>55;H8=68=B42CB8=2;D38=6<>B@D8C>4B
5;84B<>C7B0=3144C;4B0;B>40CBB<0;;708A;4BB
20C4A?8;;0AB0=3B?834AB>A064B8=B7AD1B0=3;>F4A
CA441A0=274B>51>C72>=854A>DB0=334283D>DBCA44B
0=3>220B8>=0;;H>=C746A>D=3<>BC5A4@D4=C;H7>?B
0;>=61A0=274B1DCF8;;20C278=B42CB>=C74F8=6
A4438=60=3$4BC8=60=030-0A1;4A*7A44C>58E4F78C4>A1D55466B<0A:43F8C71A>F=?DA?;40=3
6A0H0A4;0838=0=4BC<034>53A843;40E4B0=36A0BB1D8;C>=>A=40AC746A>D=30CC7410B4>50BCD<?>A8=
054A=2;D<?66B0A48=2D10C435>A0??A>G8<0C4;H30HB1HC7454<0;4
;867C&0CC4A=8A42C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0C0=030-0A1;4AA443B5A><B>DC74A=0=030C>
=>AC74A=+)40BC>5C74(>2:84B0=38=C74<>D=C08=BC>=>AC74A=
4>A680)?4=3BF8=C4AB8=C74CA>?82B&A454AA437018C0CB8=2;D342>>;
<>8BCF>>3;0=3BF8C701D=30=CD=34A6A>FC7
&=2062@*69@<;6.0.;.12;@6@
2;4A5%.;42
0:6;
*2645A
4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2&<96A.?F;2@A2?
?2216;4#<=B9.A6<;<::<;A<3.6?9F0<::<;
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&A?6=21<?@A?2.821
<=F?645A 6A05*.6A2?<B=
# ,*%%
*<<1*.?/92?@#.?B961.2
4=4A0;0?4#0H-0A1;4A)<0;;F0A1;4A
>;8E4H4;;>FD??4A?0ACBC782:1;02:BCA40:B>=
H4;;>FD=34A?0ACBA867CH4;;>F5024
274BC=DC1A>F=40A?0C271;02:2A>F=-8=6B0A4
30A:F8C7;0A64F78C4?0C274B8ABC2>;;42C438=0?4
#0H$4F 4AB4H8=0=3=>CB44=0608=8=C70C
0A405>A>E4AH40AB
>A068=60=34438=60?4#0H-0A1;4A84C
2>=B8BCB<>BC;H>520C4A?8;;0ABB?AD241D3F>A<B
0=CB5;84BB<0;;144BB?834AB0=32A82:4CB0;B>
3A8=:B9D824B>56A0?4B1H?>:8=607>;48=C746A0?4
F8C718;;B)><4C8<4B20C274B8=B42CB>=C74F8=6
A4438=60=3$4BC8=60?4#0H-0A1;4A)8GC>=8=46A0H>A1A>F=B?>CC432A40<HF78C4466B0A4;0838=
01D;:H2><?02CCF860=3<>BB=4BC;8=43F8C76A0BB5DA0=3540C74AB=2D10C8>=A0=64B5A><C>
30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=-40:5;DCC4A8=65;867CB>5B7>AC3DA0C8>=
(0=640=3018C0C0?4#0H-0A1;4AA443B5A><B>DC74A=
#02:4=I84#0=8C>10%=C0A8>0=3'D4142B>DC7C>$>AC70:>C0
#827860==>AC74A=$4F.>A:#08=40=3$>E0)2>C80)?4=3BF8=C4AB
8=B>DC74A=;>A8300=3C74-4BC=384B&A454AA437018C0CB8=2;D34>?4=
B?AD245>A4BCB1DC3DA8=6<86A0C8>=0;B>5>D=38=4E4A6A44=>A34283D>DB
F>>3;0=3B0=3>5C4=?0A:B>ABD1DA10=H0A3B
&=2062@2;1?<60.A64?6;.
2;4A5%.;42
0:6;
*2645A
4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;,2@/BAB;0<::<;
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&A?6=21<?@A?2.821
299F#.AA2?;&A?6=21<?@A?2.821
?2.@A#.AA2?;&A?6=21<?@A?2.821
%(!*%%
*<<1*.?/92?@#.?B961.2
4=4A0;4AD;40=-0A1;4A)<0;;F0A1;4AF8C7
B:H1;D4508=C;HBCA40:43D??4A?0ACB1;02:BCA40:43
F78C45;0=:B;02:10=3B4?0A0C4BF78C4C7A>0C0=3
14;;H-8=6B70E4CF>1>;3F78C410AB;02:18;;
;46B0=3544C&A454ABC>BC0H78678=C742A>F=B>5
<0CDA434283D>DBCA44B<0:8=68C385582D;CC>B44
>A068=60=34438=64AD;40=-0A1;4A443B>=
8=B42CBF8C70?A454A4=245>A20C4A?8;;0ABDBD0;;H
5>A064B8=CA44B
A4438=60=3$4BC8=64AD;40=-0A1;4A*7A44C>58E41A>F=B?>CC43F78C4C>6A0H466B0A4;0838==4BC
<034>510A:BCA8?B6A0BBB?834AB8;:0=3;8274=B0=3;8=43F8C7<>BB0=35DA$4BC8B1D8;C1HC7454<0;4
0=31D8;CC>544C01>E4C746A>D=3DBD0;;H>=07>A8I>=C0;1A0=278=034283D>DBCA44=2D10C8>=
A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=)F85C38A42C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0C4AD;40=-0A1;4AA443B5A><4GCA4<4B>DC7F4BC4A=
'D41420=3B>DC74A=%=C0A8>F4BCC>#8==4B>C00=3$41A0B:00=3B>DC7
5A><40BC4A=*4G0BC>$>AC70A>;8=0)?4=3BF8=C4AB8=<>=C0=45>A4BCB
>5=>AC74A=)>DC7<4A820&A454AB<0CDA45>A4BCBF8C71A>03;40E43
34283D>DBB?4284B0=30=>?4=D=34ABC>AH>5C4=5>D=3=40A1>CC><;0=3B
0=3A8E4AB
&=2062@2;1?<60.02?B92.
2;4A5%.;42
0:6;
*2645A4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@
.08#.AA2?;&A?6=21<?@A?2.821
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
&'!('&*%%
*<<1*.?/92?@#.?B961.2
4=4A0;74BC=DCB8343-0A1;4A#438D<F0A1;4A
F8C71;02:BCA40:43D??4A?0ACBF78C4D=34A?0ACB0=3
274BC=DC1A>F=5;0=:B*7420?8B1A867CH4;;>F0=3
<>DBC0274BCA8?48B1;02:%5C4=2>2:B8CBC08;7867
01>E48CB102:0B8C5443B*74>=;H$>AC7<4A820=
F0A1;4AF8C7?DA4F78C4D=34A?0ACB8=0;;B40B>=B
>A068=60=34438=674BC=DCB8343-0A1;4A
443B<>BC;H>=8=B42CB0=3B><45AD8CB>A064B
0;>=4B40A278=6D=34AB834B>5;40E4B7>??8=65A><
1A0=27C>1A0=27F8C7C08;2>2:43
A4438=60=3$4BC8=674BC=DCB8343-0A1;4A*7A44C>58E41A>F=0=3?DA?;41;>C2743F78C4C>?0;46A44=
466B0A4;0838=06A0BB0=310A:=4BC;8=43F8C7708A0=3A>>C;4CB0=31D8;C054F544C01>E4C746A>D=38=0
B<0;;CA44>A1DB7=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=-40:5;DCC4A8=65;867CF8C7B70;;>FF8=6140CB
(0=640=3018C0C74BC=DCB8343-0A1;4AA443B5A><B>DC724=CA0;
0=03040BCC>$>E0)2>C80B>DC7C>40BC24=CA0;+)0=38=C74
??0;02780=#>D=C08=B)?4=3BF8=C4AB8=C74CA>?82B&A454AA437018C0CB
8=2;D34H>D=6>?4=B42>=36A>FC7F>>3;0=3B0=3B2AD1
&=2062@2;1?<60.=2;@F9C.;60.
2;4A5%.;42
0:6;
*2645A
4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;.6?9F0<::<;A<0<::<;
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&A?6=21<?@A?2.821
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
"
"!,"*'%"'
*<<1*.?/92?@#.?B961.2
4=4A0;><<>=.4;;>FC7A>0C)<0;;B:D;:8=6
F0A1;4AF8C7>;8E4H4;;>FD??4A?0ACB1A867CH4;;>F
C7A>0C0=31A40BC0=3?0;46A0H14;;H*74740370B0
1;02:<0B:F8C70C782:F78C41>A34A01>E41;02:
18;;"46B0A4?8=:);>FF40:5;867C0;C4A=0C4B
?4A8>3B>5A0?83F8=6140CBF8C7F8=6B?D;;43C>
B834B
>A068=60=34438=6><<>=.4;;>FC7A>0C0CB
6A0BB7>??4AB3A06>=5;84B144C;4B1DCC4A5;84B0=3
B?834ABB><4C8<4B5443B>=B443B5>A064B8=
B7AD114AH6A0BB0=3F443B
A4438=60=3$4BC8=6><<>=.4;;>FC7A>0C*7A44C>B8GF78C4466BF8C71A>F=6A0H0=31;02:5;42:B
0A4;0838=0;>>B4=4BC<034>56A0BBB43640=310A:;8=43F8C7A>>C;4CB708A0=358=46A0BB0=32>=240;43
>=>A=40AC746A>D=38=034=B42;D<?>5F443B>A6A0BB66B0A48=2D10C435>A30HB1HC7454<0;4
;867C&0CC4A=-40:5;867C>=A0?83;H140C8=6F8=6B
(0=640=3018C0C><<>=.4;;>FC7A>0CA443BC7A>D67>DC;0B:0
0=0300=3C74+))?4=3BF8=C4AB8=B>DC74A=BC0C4B0=38=C74CA>?82B
&A454AA437018C0CB8=2;D341A84AB30<?1ADB7H?;024BF443B>A6A0BB
0;>=62>D=CAHA>03B>A8=06A82D;CDA0;;0=3B0;B>5>D=38=20CC08;B
1D;ADB74BB4364B0=3F8;;>FB=40ABCA40<BBF0<?B0=3<0AB74B
&=2062@2<A59F=6@A?605.@
.08#.AA2?;&<961
2;4A5%.;42
0:6;
299F#.AA2?;&<961
*2645A
4<G
?2.@A#.AA2?;&<961
*6;4@=.;%.;420:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?&<:2
=<9F4.:<B@
?2216;4#<=B9.A6<;<::<;A<./B;1.;A
<=F?645A 6A05*.6A2?<B=
"!*!*%%
*<<1*.?/92?@#.?B961.2
4=4A0;>;34=F8=643-0A1;4A)<0;;F0A1;4A
F8C76A0HD??4A?0ACB0=3F78C4D=34A?0ACB0248B
F78C4F8C71;02:<0B:0=3C7A>0C0=3740370B0
H4;;>F2A>F=-8=6B0A46A0HF8C7;0A64H4;;>F
?0C274BCB5;867C8BF40:0=35;DCC4A8=60;C4A=0C4B
A0?83F8=6140CBF8C7?4A8>3B>5F8=6B3A0F=C>8CB
B834B
>A068=60=34438=6>;34=F8=643-0A1;4A
443B>=8=B42CB4B?4280;;H20C4A?8;;0AB0=3?D?04
;40=B;40E4B0=3CF86B2>=24=CA0C8=6>=3403;405
2;DBC4AB02A>10C825>A064A>5C4=70=68=6
D?B8343>F=;8:402782:0344
A4438=60=3$4BC8=6>;34=F8=643-0A1;4A>DAC>B4E4=2A40<HF78C4466BF8C71A>F=B?;>C274B0=3
B?>CB0A4;0838=02D?>53403;40E4B0=35814ABB4C>=>A=40AC746A>D=38=C782:E464C0C8>=66B0A4
8=2D10C435>A0??A>G8<0C4;H30HB1HC7454<0;4
;867C&0CC4A=-40:5;867C>=A0?83;H140C8=6F8=6B
(0=640=3018C0C>;34=F8=643-0A1;4AA443B5A><B>DC74A=
#0=8C>100=3$4F0<?B78A4B>DC7C>$4F 4AB4H0=3>F00=38=C74
<>D=C08=BC>4>A680)?4=3BF8=C4AB5A><B>DC74A=#4G82>C>=>AC74A=
)>DC7<4A820&A454AA437018C0CB8=2;D34010=3>=43584;3B0=3?0BCDA4B
6A>F=C>B0?;8=6B
&=2062@)2?:6C<?.05?F@<=A2?.
.08#.AA2?;&<961
2;4A5%.;42
0:6;
299F#.AA2?;&<961
*2645A4<G
?2.@A#.AA2?;&<961
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;(;0<::<;A<?.?22096;6;4
6?1@<3<96C.?#2;6;@B9.
""*%%
*<<1*.?/92?@#.?B961.2
4=4A0;>>343-0A1;4A#438D<F0A1;4A
>;8E46A44=D??4A?0ACB1A867CH4;;>FD=34A?0ACB
40370B1;02:7>>30=3H4;;>F5024*744H4B0A4
;0A640=330A:0=3C74C08;8B>5C4=B?A40338B?;0H8=6
;0A64F78C4B?>CB8;;8B1;02:;46B0=3544C0A4?8=:
#0:4BB7>AC38A42C5;867CB>=A0?83;H140C8=6F8=6B
>A068=60=34438=6>>343-0A1;4A84C2>=B8BCB
>58=B42CB0=3>C74AB<0;;0AC7A>?>3B
A4438=60=3$4BC8=6>>343-0A1;4A*7A44C>58E42A40<466BF8C71A>F=B?>CB0=31;>C274B0A4;0838=
06A0BB;8=43=4BC<034>53403;40E4B0=3?;0=C5814AB0=31D8;C;>F8=0B<0;;CA44>AB7AD166B0A4
8=2D10C435>A30HB1H1>C7?0A4=CB
;867C&0CC4A=)F85C38A42C5;867C>5B7>AC3DA0C8>=>=A0?83;H140C8=6F8=6B
(0=640=3018C0C>>343-0A1;4AA443B5A><>F0#827860=0=3
B>DC74A=$4F=6;0=3B>DC7C>C74D;52>0BC0=3=>AC74A=;>A830
)?4=3BF8=C4AB8=C74CA>?82B&A454AA437018C0CB8=2;D34<0CDA4<>8BC
5>A4BCBF8C7;DGDA80=CD=34A6A>FC70=3F>>343BF0<?B
&=2062@*69@<;6.06A?6;.
2;4A5%.;42
0:6;
*2645A
4<G
*6;4@=.;%.;420:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;.6?9F0<::<;
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
!'(,*%%
*<<1*.?/92?@#.?B961.2
4=4A0;!4=CD2:H-0A1;4A#438D<
6A>D=33F4;;8=6F0A1;4AF8C71A867C>;8E46A44=
D??4A?0ACB0=3H4;;>FD=34A?0ACB40370B1;02:
<0B:0=3B8341DA=B0=3C782:H4;;>F4H41A>FB8;;
8B1;02:;46B0=3544C0A4?8=:)42A4C8E4740A3
A0C74AC70=B44=C8B=0<435>AC74BC0C4F74A48CF0B
58ABC38B2>E4A43
>A068=60=34438=6!4=CD2:H-0A1;4A84C
8=2;D34B6AD1B?;0=C;824B?834AB20C4A?8;;0AB0=3
>C74A8=B42C;0AE04)><4C8<4B033B018C>5#4G820=
5AD8CC>8CB384C3DA8=6F8=C4A>A064B>=C746A>D=3
1HAD<<068=6C7A>D67;405;8CC4A?A>18=60=3
C>BB8=6F8C78CB18;;0=3B2A0C278=6F8C78CB544C0;B>
5443B8=B7AD1BE8=4B0=3;>F4A?0ACB>5CA44B
A4438=60=3$4BC8=6!4=CD2:H-0A1;4A*7A44C>B8GF78C4466BF8C71A>F=5;42:B0=3B?;>C274B0A4;083
8=0=4BC<034>53403;40E4B;8=43F8C76A0BB708A0=3A>>C;4CB0=31D8;C>=>A=40AC746A>D=3=2D10C8>=
A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=)F85C38A42C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0C!4=CD2:H-0A1;4AA443B5A><>F00=3=380=0
40BCC>$4F 4AB4H0=3B>DC7C>C74B>DC740BC4A=+))?4=3BF8=C4AB8=
C74CA>?82B&A454AA437018C0CB8=2;D34;>F<>8BCA827F>>3;0=3BF8C7
;DGDA80=CD=34A6A>FC7
&=2062@"=<?<?;6@3<?:<@B@
2;4A5%.;42
0:6;
*2645A
4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
"(&!*'%'%(&
*<<1*.?/92?@#.?B961.2
4=4A0;">D8B80=0-0C4AC7ADB7"0A64
6A>D=33F4;;8=6F0A1;4A30A:>;8E41A>F=
D??4A?0ACB740E8;HBCA40:43F78C4D=34A?0ACBF8C7
1D55F0B7>=14;;H0=3B834B-78C4C7A>0C4H4BCA8?4
8B30A:0=3C782:F78C44H41A>FBF834=1478=34H4B
8;;8B;>=60=3740EH*08;8BB7>ACF8C7?0;41D55
D=34AC08;2>E4ACB
>A068=60=34438=6">D8B80=0-0C4AC7ADB70CB
8=B42CB>C74A8=E4AC41A0C4BB<0;;58B70=3B<0;;
5A>6B>A064B?A8<0A8;H>=C746A>D=3F8C78=C74
1>D=30AH>50BCA40<270==4;>220B8>=0;;HB40A274B
CA44B3DA8=68=B42CBF0A<B
A4438=60=3$4BC8=6">D8B80=0-0C4AC7ADB7>DAC>B8GF78C4466BF8C71A>F=0=36A0HB?42:B>A
1;>C274B0A4;0838=06A0BB;8=43=4BC<034>53403;40E4B0=3<>BB0=3B4CD=34AC74>E4A70=6>50BCA40<
10=:8=0BCD<?20E8CH>A8=4G?>B43CA44A>>CB=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1H
C7454<0;4
;867C&0CC4A=)F85C38A42C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0C">D8B80=0-0C4AC7ADB7A443B5A><#8==4B>C0
B>DC74A=%=C0A8>0=324=CA0;$4F=6;0=3B>DC7C>*4G0B0=34>A680
)?4=3BF8=C4AB8=C74CA>?82B&A454AA437018C0CB8=2;D34BF85C<>E8=6
1A>>:B>=78;;B834BA8E4ABF0<?B0=30;>=6B;D668B7BCA40<B
&=2062@&26B?B@:<A.0699.
2;4A5%.;42
0:6;
*2645A4<G
*6;4@=.;%.;420:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;(;0<::<;A<3.6?9F0<::<;
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&A?6=21<?@A?2.821
<=F?645A 6A05*.6A2?<B=
!"*%%
*<<1*.?/92?@#.?B961.2
4=4A0;#06=>;80-0A1;4A#438D<B8I43F0A1;4A
F8C730A:102:H4;;>FAD<?0=31;02:BCA40:43
H4;;>FD=34A?0ACB*74740370B01;D46A0H2A>F=
H4;;>FC7A>0C0=3C782:F78C44H41A>FB-8=6B0A4
30A:F8C7CF>F78C410AB*08;8B30A:F8C7F78C4
?0C274B0=3D=34AC08;2>E4ACB8;;;46B0=3544C0A4
1;02:
>A068=60=34438=6#06=>;80-0A1;4A0CB
<>BC;H8=B42CB1DC0;B>5443B>=14AA84B;40=B
8=B42CB5A><D=34AB834B>5;40E4B0=35A><10A:
2A4E824B5A4@D4=C;HB?A403B8CBC08;4G?>B8=61>;3
F78C4?0C274B
A4438=60=3$4BC8=6#06=>;80-0A1;4A*7A44C>58E41A>F=<0A:43F78C4>A6A44=466B0A4;0838=0
B70;;>FCF860=36A0BB=4BC;8=43F8C7A>>C;4CB=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1H
C7454<0;4
;867C&0CC4A=-40:5;867CF8C7B4A84B>5A0?83F8=6140CB0;C4A=0C8=6F8C71A845?4A8>3B>5F8=6B?D;;43C>
B834
(0=640=3018C0C#06=>;80-0A1;4AA443B5A><A8C8B7>;D<180
02A>BB24=CA0;0=030C>C74=>AC740BC4A=+)0=3??0;02780=
<>D=C08=BB>DC7C>,8A68=80(0A4E8B8C>AC>C74F4BC2>0BCF8=C4AB8=C74
CA>?82BA443B8=>?4=BC0=3B>5H>D=6B?AD240=358ADA8=6<86A0C8>=
8C20=145>D=30;<>BC0=H?;024F8C7B7AD114AH>ACA44B
&=2062@2;1?<60.:.4;<96.
2;4A5%.;42
0:6;
*2645A4<G
*6;4@=.;%.;420:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;.6?9F0<::<;A<0<::<;
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&A?6=21<?@A?2.821
"(%!!*%%
*<<1*.?/92?@#.?B961.2
4=4A0;#>DA=8=6-0A1;4A#438D<B8I43F0A1;4A
F8C70=>;8E46A44=102:F8=6BC08;0=36A0H7>>3
*74D=34A?0ACB0A4H4;;>F0=3C74D??4A1A40BC8B
1;02:CB=0<435>AC74F0H8CB30A:1A40BC0=37>>3
A4B4<1;40?4AB>=8=<>DA=8=6C8B>=4>5C74;0C4BC
B?A8=6<86A0=CB>50;;$>AC7<4A820=F0A1;4AB
>A068=60=34438=6#>DA=8=6-0A1;4A0CB
8=B42CB0=3B?834AB6;40=B5>>35A><5>;8064
A4438=60=3$4BC8=6#>DA=8=6-0A1;4A*7A44C>58E41A>F=B?>CC43F78C4C>2A40<HF78C4466B0A4;083
8=0=4BC<034>55814AB0=3;40E4B;8=43F8C76A0BB0=3708A0=31D8;C>=>A=40AC746A>D=366B0A4
8=2D10C435>A30HB1HC7454<0;4
;867C&0CC4A=08A;HBF85C38A42C5;867C5>AB7>AC38BC0=24B
(0=640=3018C0C#>DA=8=6-0A1;4AA443B5A><;14AC0C>
$4F5>D=3;0=30=3B>DC7C>$>AC70:>C00=3=>AC74A=$4F=6;0=3
0=38=<>D=C08=BC>,8A68=80)?4=3BF8=C4AB8=C74CA>?82B&A454AA43
7018C0CB8=2;D3434=B4C782:4CB>51;02:14AA84B0=31A80AB8=5>A4BC
2;40A8=6B0;B>F4CF>>3;0=3BF8C7C782:D=34A6A>FC7
&=2062@"=<?<?;6@=569.129=56.
2;4A5%.;42
0:6;
*2645A
4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;.6?9F0<::<;
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
!&)*%%
*<<1*.?/92?@#.?B961.2
4=4A0;$0B7E8;;4-0A1;4A)<0;;F0A1;4A
>;8E46A44=D??4A?0ACBH4;;>FD=34A?0ACBF78C4
;>F4A14;;H)<0;;274BC=DC1A>F=20?10A4;H
=>C82401;4A0H7>>34GC4=3BC>102:4H4A8=68B
F78C4*F>1A4438=6?>?D;0C8>=B0<83C>
=>AC740BC4A=>=4C70C3>4B=CF068CBC08;0=30
&028582>0BC>=4C70C3>4B
>A068=60=34438=6$0B7E8;;4-0A1;4A0CB
<>BC;H8=B42CB5>A064B1H6;40=8=65>>35A><
5>;8064DBD0;;H8=<83;4E4;B>505>A4BC
A4438=60=3$4BC8=6$0B7E8;;4-0A1;4A>DA>A58E4F78C4C>2A40<HF78C4466BF8C7B<0;;1A>F=B?>CB
0A4;0838=02D?>56A0BB;40E4B0=3A>>CB;8=43F8C7?8=4=443;4B0=358=46A0BB0=32>=240;43>=C74
6A>D=30CC7410B4>501DB7>ACDBB>2:>56A0BB=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1H
1>C7?0A4=CB
;867C&0CC4A=-40:5;867C>=A0?83;H140C8=6F8=6B
(0=640=3018C0C$0B7E8;;4-0A1;4AA443B5A><A8C8B7>;D<180
0=3=>AC7F4BC4A=#>=C0=0B>DC7C>24=CA0;0;85>A=800=324=CA0;307>
0=35A><#0=8C>10'D41420=3$>E0)2>C80B>DC7C>#8==4B>C0
=>AC74A=-4BC,8A68=800=3F4BC4A=#0AH;0=3)?4=3BF8=C4ABB>DC7>5
C74+)#4G82>1>A34A&A454AA437018C0CB8=2;D34C782:4CB8=>?4=
<8G435>A4BCB>A1ADB7H1>A34AB>5BF0<?B
&=2062@)2?:6C<?.?B360.=699.
2;4A5%.;42
0:6;
*2645A4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;<::<;A<3.6?9F0<::<;
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
!"%'%!#%(
*<<1*.?/92?@#.?B961.2
4=4A0;$>AC74A=&0AD;0)<0;;2><?02CF0A1;4A
F8C71;D46A0HD??4A?0ACB0=31A>=I46A44=102:
?0C27*7A>0C0=31A40BC0A4H4;;>F1A40BC10=38B
274BC=DC1A>F=0=31;02:14;;H0=3D=34AC08;2>E4ACB
0A4F78C4-78C44H4A8=68B1A>:4=-8=6B0A4
1;D46A0HF8C7CF>F78C410AB*08;8B=>C82401;H
B7>AC
>A068=60=34438=6$>AC74A=&0AD;0443B>=
B?834AB20C4A?8;;0AB144C;4B<>C7B0=CBF0B?B144B
5;84B;>2DBCBB20;48=B42CB?;0=C;824;024F8=6B0=3
<0H5;84B><<>=;H6;40=BC8?B>55>;8064B<0;;
CF86B0=31A0=274B78678=C7420=>?H>220B8>=0;;H
7>E4AB>A70=6BD?B8343>F=>=5>;80640=3B0;;84B
5>A04A80;8=B42CB
A4438=60=3$4BC8=6$>AC74A=&0AD;0*7A44C>B4E4=F78C4466BF8C71A>F=5;42:B0=3B?;>C274B0A4;083
8=010B:4CB70?43=4BCF>E4=5A><6A0BB10A:0=3E464C01;45814AB0=3=40C;H78334=8=)?0=8B7<>BB8=
C74B>DC7>A8=140A3<>BB>A+B=40;8274=B8=C74=>AC7=2D10C8>=A0=64B5A><C>30HB0=38B20AA843
>DC1HC7454<0;4
;867C&0CC4A=)F85C5;867C>5B7>AC3DA0C8>=
(0=640=3018C0C$>AC74A=&0AD;0A443B5A><B>DC740BC4A=0=030C>
C74D;52>0BC0=3F8=C4AB5A><B>DC74A=;>A830B>DC7F0A38=C>C74
CA>?82B&A454AA431A4438=67018C0C8=2;D34BF4C27845;H2>=854A>DB
F>>3B8=BF0<?B0=30;>=6;0:4B0=3?>=3B#>A4F834B?A4033DA8=6
<86A0C8>=
&=2062@#.?B9..:2?60.;.
2;4A5%.;42
0:6;
*2645A4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
.08#.AA2?;&<961
299F#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
!"%'%!*'%'%(&
*<<1*.?/92?@#.?B961.2
4=4A0;$>AC74A=-0C4AC7ADB7"0A64
6A>D=3F0;:8=6F0A1;4AF8C730A:1A>F=D??4A?0ACB
0=3F78C4C>?0;4H4;;>FD=34A?0ACBF8C730A:740EH
BCA40:BH41A>FB0A4C782:0=3E0AH5A><?0;4
H4;;>FC>F78C4C5;84BBF85C;H8=038A42C;8=45>A
B7>AC38BC0=24B*4AA8C>A80;8=1>C78CBF8=C4A0=3
BD<<4AA0=64B
>A068=60=34438=6$>AC74A=-0C4AC7ADB70CB
8=B42CBB?834ABB=08;BB<0;;58B70=32ADBC0240=B
5>A064B1H6;40=8=65>;806420C278=68=B42CB8=5;867C
0=37>E4A8=6
A4438=60=3$4BC8=6$>AC74A=-0C4AC7ADB7*7A44C>B8G2A40<>A1D55466BF8C71A>F=>A6A0HB?42:B
0=3B?>CB0A4;0838=0=4BC<034>5<>BB0=3B4C8=010=:0CC7410B4>50CAD=:>A8=C74A>>CB>50=
>E4ACDA=43CA4466B0A48=2D10C435>A0??A>G8<0C4;H30HB1HC7454<0;4
;867C&0CC4A=)F85CBCA>=638A42C5;867C
(0=640=3018C0C$>AC74A=-0C4AC7ADB7A443B5A><;0B:00=3<D27
>50=030B>DC7C>C74=>AC74A=+))?4=3BF8=C4AB8=C74CA>?82B
&A454AB2>>;30A:F>>343BF0<?BC782:4CB>51>6B<0A68=B>5=>AC74A=
;0:4B0=3F8;;>F0=30;34A1>A34A43A8E4AB3DA8=6C74B?A8=60=350;;
<86A0C8>=>5C4=5>D=38=C782:2>E4A0;>=6BCA40<B<0AB74B0=3
BC06=0=C?>>;B
&=2062@&26B?B@;<C2/<?.02;@6@
2;4A5%.;42
0:6;
*2645A4<G
*6;4@=.;%.;420:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&A?6=21<?@A?2.821
"%!%"*!*%%
*<<1*.?/92?@#.?B961.2
4=4A0;%A0=642A>F=43-0A1;4A)<0;;F0A1;4A
F8C7>;8E46A44=D??4A?0ACB0=3508=C;HBCA40:43
H4;;>FD=34A?0ACB*74740370B8=2>=B?82D>DB
>A0=642A>F=1A>:4=4H4A8=60=330A:4H4;8=4
*7>D678C;8E4B0=3=4BCB8=34=B45>;80642;>B4C>C74
6A>D=3C74<0;4?4A274B0CC74C>?B>5C0;;CA44BC>
B8=6
>A068=60=34438=6%A0=642A>F=43-0A1;4A0CB
8=E4AC41A0C4B14AA84B=42C0A0=3B0?A46D;0A;H5443B
0C(43=0?43)0?BD2:4AF4;;B
A4438=60=3$4BC8=6%A0=642A>F=43-0A1;4A*7A44C>B8GF78C4466BF8C730A:A430=31A>F=1;>C274B
0A4;0838=0;0A64=4BC<034>56A0BB0=3>C74A?;0=C5814AB;8=43F8C75DA>A540C74AB0=31D8;C>=C746A>D=3
>A8=0;>FB7AD1=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=-40:5;867C
(0=640=3018C0C%A0=642A>F=43-0A1;4AA443B5A><;0B:040BCC>
'D41420=3"01A03>A0=3B>DC7C>0;85>A=80A8I>=00=3$4F#4G82>
)?4=3BF8=C4AB5A><B>DC74A=+)8=C>CA>?82B&A454AA437018C0CB8=2;D34
5>A4BC4364B4B?4280;;H8=;>F34283D>DB6A>FC71DA=B2;40A8=6B0=3
C782:4CB>5C4=B44=8=A8E4AB834F8;;>FB0=3B2AD1>0:270?0AA0;3DA8=6
<86A0C8>=
&=2062@)2?:6C<?.029.A.
2;4A5%.;42
0:6;
*2645A4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&A?6=21<?@A?2.821
<=F?645A 6A05*.6A2?<B=
")!%
*<<1*.?/92?@#.?B961.2
4=4A0;%E4=18A3#438D<6A>D=3F0;:8=6
F0A1;4A>;8E41A>F=D??4A?0ACB740E8;HB?>CC43
F78C4D=34A?0ACB40370B3D;;>A0=6424=CA0;2A>F=
BCA8?4436438=1;02:0=30F78C44H4A8=6-8=6B
C08;0A4>;8E46A44=$0<48B5A><8CB2>E4A43=4BC
C743><40=3B8344=CA0=24<0:48CA4B4<1;403DC27
>E4=
>A068=60=34438=6%E4=18A3443B>=8=B42CB
B?834ABB=08;B0=3F>A<B0;B>40CBB443B0=3>C74A
E464C0C8>=3DA8=6F8=C4A5>A064BF78;4F0;:8=6>=
C746A>D=3
A4438=60=3$4BC8=6%E4=18A3*7A44C>B8GF78C4466B5;42:43F8C76A0H>A1A>F=0A4;0838=03><43>A
>E4=B70?43=4BCF8C70B8344=CA0=24$4BC8B<034>53403;40E4B0=3?;0=C5814AB;8=43F8C76A0BB0=3
1D8;C>=C746A>D=3=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=)F85C38A42C5;867C>5B7>AC3DA0C8>=>=A0?83;H140C8=6F8=6B
(0=640=3018C0C%E4=18A3A443B5A><F4BC24=CA0;0=03040BCC>
#0A8C8<4B0=3B>DC7C>C74=>AC74A=D;5>0BCBC0C4B0=3)>DC7
0A>;8=0)?4=3BF8=C4AB5A><C74D;5>0BC0=3;>A830C>)>DC7
<4A820&A454AA437018C0CB8=2;D34<0CDA43AH5>A4BCBF8C7;8CC;4
D=34A6A>FC7
&=2062@&26B?B@.B?<0.=699B@
2;4A5%.;42
0:6;
*2645A4<G
*6;4@=.;%.;420:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;<::<;A<3.6?9F0<::<;
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&=<AA21<?@=208921
#!*%%
*<<1*.?/92?@#.?B961.2
4=4A0;&8=4-0A1;4A#438D<F0A1;4AF8C7?;08=
>;8E46A0HD??4A?0ACBH4;;>FC7A>0C0=31A40BC
1;DAAHBCA40:43B834B0=3F78C414;;H0=3D=34AC08;
2>E4ACB-8=6B0A46A0HF8C7CF>F78C410ABC8BC74
>=;HF0A1;4AC70C40CB;0A64@D0=C8C84B>5B443B
DBD0;;H?8=4%=4>5C7440A;84BC1A4438=6F0A1;4AB
>A068=60=34438=6&8=4-0A1;4A84C2>=B8BCB>5
8=B42CB5AD8CB0=3B443B5>A064B8=CA44B0=3B7AD1B
A4438=60=3$4BC8=6&8=4-0A1;4A*7A44C>58E4F78C4466BF8C71A>F=5;42:B0C;0A644=30A4;0838=0
2><?02CF4;;2>=240;43=4BC1D8;C0<>=6?8=4=443;4B=40AC74C8?>507>A8I>=C0;1A0=27DBD0;;H78674A
C70=544C66B0A48=2D10C435>A01>DC30HB1H1>C7?0A4=CB
;867C&0CC4A=-40:5;867C>=A0?83;H140C8=6F8=6B
(0=640=3018C0C&8=4-0A1;4AA443B5A><B>DC740BC4A=#0=8C>10
B>DC74A=%=C0A8>0=3#08=4B>DC7C>40BC4A=*4G0BC74D;5>0BC0=3
;>A830)?4=3BF8=C4AB8=C74B>DC74A=BC0C4B>220B8>=0;;H=>AC7C>$4F
=6;0=3&A454AB?8=45>A4BCB
&=2062@2;1?<60.=6;B@
2;4A5%.;42
0:6;
*2645A
4<G
*6;4@=.;%.;420:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;.6?9F0<::<;A<0<::<;
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
#%%*%%
*<<1*.?/92?@#.?B961.2
4=4A0;&A08A84-0A1;4A)<0;;F0A1;4A
1A>F=BCA40:43>;8E46A44=D??4A?0ACBF8C7
A4338B71A>F=BCA40:8=61A867CH4;;>FD=34A?0ACB
F8C71;02:BCA40:B>=B834B40370B0H4;;>F6A44=
20?H4;;>F50240=330A:4H42744:BCA8?4B>D=3
8=?8=4BC0=3B<0=6A>E4B0=3>E4A6A>F=584;3B
A0C74AC70=?A08A84B
>A068=60=34438=6&A08A84-0A1;4A0CB<>BC;H
8=B42CB5>A064B1H6;40=8=65>;806420C278=68=B42CB
8=<8308A7>E4A8=62;8=68=6C>E4AC820;BC4<B
70=68=6D?B8343>F=0=354438=6>=C746A>D=3
A4438=60=3$4BC8=6&A08A84-0A1;4A>DAC>58E4F78C4466BF8C71A>F=B?>CB0C;0A644=30A4;0838=0
=4BC<034>56A0BB0=3;40E4B;8=43F8C7708A0=3540C74AB0=3DBD0;;HB4C;>F8=01DB7>AB<0;;CA44
=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=08A;H50BC5;867CF8C7A0?83;H140C8=6F8=6B
(0=640=3018C0C&A08A84-0A1;4AA443B5A><40BC4A=$41A0B:0
24=CA0;-8B2>=B8=B>DC74A=%=C0A8>0=324=CA0;$4F=6;0=3B>DC7C>
%:;07><0C74D;5>0BC0=3;>A830;>20;8=<0=H0A40B)?4=3B
F8=C4AB8=B>DC74A=;>A8300=38=C74CA>?82B&A454AA437018C0CB8=2;D34
<8G43?8=4>0:10AA4=B>;3?0BCDA4B78;;B834BB20CC4A43F8C7A432430AB
>?4=B2AD10=3<0=6A>E4BF0<?B=>C>5C4=5>D=38=?A08A84B
&=2062@2;1?<60.16@0<9<?
2;4A5%.;42
0:6;
*2645A4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
&<:2=<9F4.:<B@
?2216;4#<=B9.A6<;2096;6;4
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
#%"'"!"'%,*%%
*<<1*.?/92?@#.?B961.2
4=4A0;&A>C7>=>C0AH-0A1;4A#438D<B8I43
F0A1;4AF8C7>;8E46A44=102:0=31;D46A0HF8=6B
0=3C08;403=42:0=3D=34A?0ACB0A4E81A0=C
H4;;>F0=3C74D=34AC08;2>E4ACB0A4F78C48;;;46B
0=3544C0A41;02:*74>=;H40BC4A=F0A1;4AC70C=4BCB
8=CA447>;;>FB%=2420;;43C74>;34=)F0<?
-0A1;4A
>A068=60=34438=6&A>C7>=>C0AH-0A1;4A0CB
<>BC;H8=B42CB1DC0;B>5AD8CB0=3B443B5>A064B8=
CA44BB7AD1B0=3>=C746A>D=3
A4438=60=3$4BC8=6&A>C7>=>C0AH-0A1;4A>DAC>B8G?8=:>A2A40<466BB?>CC43F8C71A>F=0=36A0H
0A4;0838=0CA4420E8CHBCD<?7>;418A37>DB4>A>C74A<0=<034BCAD2CDA4BD270B0<08;1>G*7420E8CH8B
BCD5543F8C7<>BB4BC>5>A<0=4BC2D?=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC74
54<0;4
;867C&0CC4A=(0?8338A42C5;867C
(0=640=3018C0C&A>C7>=>C0AH-0A1;4AA443B<08=;H8=C74
B>DC740BC4A=BC0C4B=>AC7C>#8==4B>C0#827860=0=3$4F.>A:)?4=3B
F8=C4AB8=C74CA>?82B&A454AA437018C0CB8=2;D34F>>343BF0<?B5;>>343
1>CC><;0=35>A4BCB0=3BCA40<BF8C73403CA44B
&=2062@#?<A<;<A.?6.06A?2.
2;4A5%.;42
0:6;
*2645A
4<G
*6;4@=.;%.;420:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;.6?9F0<::<;
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
&*!&"!&*%%
*<<1*.?/92?@#.?B961.2
4=4A0;)F08=B>=B-0A1;4A#438D<B8I43F0A1;4A
F8C7>;8E41A>F=D??4A?0ACB0=3?0;46A0H
D=34A?0ACB40370B1A>F=20?F78C44H41A>FB0=3
30A:4H4;8=4B-8=6B0A4?;08=>;8E41A>F=C7834B
8=34=B4C782:4CBF74A48C5>A064B>=C746A>D=3
;>>:8=65>A8=B42CBB?834AB0=320C4A?8;;0AB
>A068=60=34438=6)F08=B>=B-0A1;4A0CB
8=B42CB<8;;8?434B0=3B?834AB5>A064B8=B7AD1B0=3
CA44B>A>=C746A>D=3F0;:8=60=3B;>F;HCDA=8=6
>E4A;40E4BF8C78CB18;;
A4438=60=3$4BC8=6)F08=B>=B-0A1;4A*F>C>58E4F78C4466BB><4C8<4BF8C71A>F=B?42:;4B0A4
;0838=0=4BC<034>5;40E4B?8=4=443;4B<0<<0;708A6A0BB)?0=8B7<>BB0=3A>>C;4CB0=31D8;C8=0
1DB7>AE8=4BC>544C01>E4C746A>D=3=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC74
54<0;4
;867C&0CC4A=08A;HBF85CB7>AC38A42C5;867CB>=A0?83;H140C8=6F8=6B
(0=640=3018C0C)F08=B>=B-0A1;4A=B>DC740BC+);8E4B8=
20=41A0:4B0=3C782:4CB8=BF0<?B0=30<>=670A3F>>3B8=C74
B>DC74A=??0;02780=B8C8B5>D=38=;0DA4;0=3A7>3>34=3A>=C782:4CB>5
<>8BC<>=C0=45>A4BCB
&=2062@6:;<A59F=6@@D.6;@<;66
2;4A5%.;42
0:6;
*2645A4<G
*6;4@=.;%.;420:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;(;0<::<;6;@D.:=@
:<6@AD<<19.;1@
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
'!!&&*%%
*<<1*.?/92?@#.?B961.2
4=4A0;*4==4BB44-0A1;4A)<0;;F0A1;4AF8C7
>;8E46A44=D??4A?0ACBF78C4D=34A?0ACB0=3
>;8E46A0HF0B743B834B0A:4A740370BF78C4
4H41A>FB0=330A:4H4BCA8?4B-8=6B0A4?;08=6A0H
*08;8BB7>ACCB?4=3BC74BD<<4AB8=0=0300=38B
>=;H5>D=38=*4==4BB443DA8=6<86A0C8>=0CB
<>BC;H8=B42CB
>A068=60=34438=6*4==4BB44-0A1;4A84C
2>=B8BCB>58=B42CBBD270BB<0;;144C;4B20C4A?8;;0AB
6A0BB7>??4AB0=30?783BB?834ABBD<02B443B0=3
?>8B>=8EH14AA84B0;B>3A8=:B9D824B5A><6A0?4B1H
?>:8=607>;48=C745AD8CF8C78CB18;;
A4438=60=3$4BC8=6*4==4BB44-0A1;4A>DAC>B4E4=1A>F=B?;>C2743F78C4C>2A40<HF78C4466B0A4
;0838=0=4BC;8=43F8C758=46A0BB0=31D8;C>=C746A>D=3DBD0;;HF4;;78334=D=34A0B7AD1>A8=0<>BB
2;D<?D=34A0CDBB>2:=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=-40:5;DCC4A8=65;867CF8C7B70;;>FF8=6140CB
(0=640=3018C0C*4==4BB44-0A1;4AA443B5A><.D:>=#0=8C>10
0=3"01A03>AB>DC7C>A8C8B7>;D<180-8B2>=B8=B>DC74A=%=C0A8>
0=3#08=4)?4=3BF8=C4AB8=C74CA>?82B&A454AA437018C0CB8=2;D34>?4=
<8G43F>>3;0=3B8=C741A4438=6B40B>=CA44B0=31DB74B3DA8=6
<86A0C8>=
&=2062@)2?:6C<?.=2?24?6;.
2;4A5%.;42
0:6;
*2645A
4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;.6?9F0<::<;
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
*&"!&*%%
*<<1*.?/92?@#.?B961.2
4=4A0;-8;B>=B-0A1;4A)<0;;F0A1;4AF8C7
>;8E46A44=D??4A?0ACB1A867CH4;;>F50240=3
D=34A?0ACB38BC8=2C1;02:20?C70B0;>=6
>;8E41A>F=C08;F78278C<>E4BD?0=33>F=>A8=0
28A2D;0A50B78>=0B8CB40A274B5>A5>>3C8B<>A4
2><<>=8=C74-4BCC70=8=C740BC"46B0=3544C
0A4?8=:
>A068=60=34438=6-8;B>=B-0A1;4A0CB<08=;H
8=B42CB4B?4280;;H;4057>??4AB0=3B?834AB1DC
>220B8>=0;;H2>=BD<4B14AA84B
A4438=60=3$4BC8=6-8;B>=B-0A1;4A>DAC>B4E4=1A>F=5;42:43F78C4C>2A40<HF78C4466B0A4;083
8=01D;:H=4BC<034>5;40E4BA>>C;4CB0=3<>BB;8=43F8C7708A0=358=4?;0=C<0C4A80;B0=32>=240;43>=
C746A>D=38=034=B42;D<?>5F443B>AB4364B=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1H
C7454<0;4
;867C&0CC4A=)F85C5;867C>5B7>AC3DA0C8>=
(0=640=3018C0C-8;B>=B-0A1;4AA443B5A><;0B:040BCF0A3C>
$4F5>D=3;0=30=3B>DC7C>B>DC74A=0;85>A=80$4F#4G82>24=CA0;
%=C0A8>0=3$>E0)2>C80)?4=3BF8=C4AB8=C74CA>?82B&A454AA43
7018C0CB8=2;D34<>8BCC782:4CB8=F>>3;0=3B0=30;>=6BCA40<B0BF4;;0B
0;34AF8;;>FC782:4CB0=31>6B
&=2062@*69@<;6.=B@699.
2;4A5%.;42
0:6;
*2645A4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;<::<;A<3.6?9F0<::<;
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
*"% '!*%%
*<<1*.?/92?@#.?B961.2
4=4A0;->A<40C8=6-0A1;4A#438D<B8I43
6A>D=3=4BC8=6F0A1;4AF8C7>;8E46A0HD??4A?0ACB
0=3?0;4H4;;>FD=34A?0ACB.4;;>F740370B1;02:
2A>F=BCA8?4B0=34H4;8=4BB8CB=0<4BD664BCB8C
40CB0BC403H384C>5<>C720C4A?8;;0AB0=3F>A<BC
DBD0;;H5>A064B8=D=34ABC>AHE464C0C8>=0=33403
;40E4B
>A068=60=34438=6->A<40C8=6-0A1;4A443B
>=8=B42CB4B?4280;;H20C4A?8;;0ABB?834AB0=3B;D6B
5>A064B1HF0;:8=67>??8=62;8<18=60=370=68=6
0<>=6;405H1A0=274B8=B7AD1B0=3;>FCA44B
A4438=60=3$4BC8=6->A<40C8=6-0A1;4A>DAC>B8G1A>F=B?>CC43>A1;>C2743F78C4466B0A4;0838=0
6A>D=3=4BC<034>53403;40E4B0=3;8=43F8C7<>BB4<0;48=2D10C4B466B5>A30HB
;867C&0CC4A=8A42C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0C->A<40C8=6-0A1;4AA443B5A><B>DC740BC4A=
>F0%78>$4F.>A:0=3B>DC74A=$4F=6;0=3B>DC7C>=>AC740BC4A=
*4G0B24=CA0;D;5>0BCBC0C4B0=340BC4A=$>AC70A>;8=0)?4=3B
F8=C4AB8=C74CA>?82BAHF>>34378;;B834B0A4C74?A454AA437018C0C>5
C78BB?4284B
&=2062@29:6A52?<@C2?:6C<?B@
2;4A5%.;42
0:6;
*2645A4<G
*6;4@=.;%.;420:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;.6?9F0<::<;A<0<::<;
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
,"**%%
*<<1*.?/92?@#.?B961.2
4=4A0;.4;;>F-0A1;4A)<0;;F0A1;4AF8C7
>;8E4H4;;>FD??4A?0ACB0=31A867CH4;;>FD=34A?0ACB
F8C7ADBC1A>F=BCA40:B>=1A40BCB834B-8=6B0A4
30A:F8C7CF>F78C410AB*08;8B30A:F8C7
H4;;>FC8=6434364B0B0F834AA0=64C70=0=H
>C74A$>AC7<4A820=F0A1;4A0CB8=B42CB;0AE04
0=3B><45AD8C
>A068=60=34438=6.4;;>F-0A1;4A443B<>BC;H
>=8=B42CB0=3B?834AB1DCF8;;C0:414AA84B5>A064B
8=CA44B0=31DB74B
A4438=60=3$4BC8=6.4;;>F-0A1;4A*7A44C>B8G>;8E40=31A>F=<0A:436A0H6A44=>A1;D4466B0A4
;0838=0F4;;<0342D?>510A:?;0=C5814AB0=33>F=0=31D8;C8=0B<0;;B0?;8=6=2D10C8>=A0=64B5A><
C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=-40:5;867C
(0=640=3018C0C.4;;>F-0A1;4AA443B5A><;0B:040BC02A>BB
0=030C>$4F5>D=3;0=30=3B>DC7C>B>DC74A=0;85>A=80=>AC74A=
%:;07><00=3=>AC74A=4>A680)?4=3BF8=C4AB8=B>DC74A=;>A8300=3
C74CA>?82B&A454AA437018C0CB8=2;D344364B>5<0AB74B0=3BF0<?B
F8;;>F;8=43BCA40<B;405H1>6BC782:4CB>A270A3B50A<;0=3B5>A4BC
4364B0=3BD1DA10=H0A3B0=360A34=B
&=2062@2;1?<60.=2A2056.
2;4A5%.;42
0:6;
*2645A4<G
*6;4@=.;%.;420:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;*612@=?2.1
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&A?6=21<?@A?2.821
,"*%&''
*<<1*.?/92?@#.?B961.2
4=4A0;.4;;>F1A40BC4370C*74;0A64BC$>AC7
<4A820=F0A1;4A0B>;8E46A44=C>>;8E46A0H
D??4A?0ACB1A8;;80=CH4;;>FC7A>0C1A40BC4;;H0=3
D=34AC08;0A4F78C4H4B70E4F78C4B?42C02;4B0=3
30A:4H4?0C274B8;;8B740EH0=330A:-8=6B0=3
C08;0A4>;8E46A44=8;;;46B0=3544C0A41;02:
>A068=60=34438=6.4;;>F1A40BC4370C84C
2>=B8BCB?A8<0A8;H>58=B42CB8=2;D38=6144BF0B?B
0=CB6A0BB7>??4AB0=3144C;4B0;B>40C14AA84B0=3
F8;36A0?4B5>A064B8=CA44B0=3B7AD1B
A4438=60=3$4BC8=6.4;;>F1A40BC4370C*7A44C>B8GF78C4466BF8C7ADBC>AE8>;4C5;42:B0C;0A644=3
0A4;0838=01D;:H=4BC<034>510A:6A0BB0=3;40E4B;8=43F8C758=4A6A0BB0=32>=240;438=034=B41DB7
=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=-40:5;DCC4A8=65;867CB>5B7>AC3DA0C8>=
(0=640=3018C0C.4;;>F1A40BC4370CA443B5A><A8C8B7>;D<180
%=C0A8>0=3A0A4;H#0BB027DB4CCBB>DC7C>0;85>A=80C74D;5>0BC
0=3;>A830)?4=3BF8=C4AB8=C74CA>?82B&A454AA437018C0CB8=2;D34
34=B4C782:4CB0=31ADB7>5C4=F8C7C7>A=BBCA40<B834C0=6;4B0=33AH
1ADB7H78;;B834B
&=2062@0A2?6.C6?2;@
2;4A5%.;42
0:6;
*2645A4<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
,"*%( #*%%
*<<1*.?/92?@#.?B961.2
4=4A0;.4;;>FAD<?43-0A1;4A#438D<F0A1;4A
30A:BCA40:431;D46A0HD??4A?0ACBH4;;>FAD<?
-78C4C7A>0C0=314;;H1;02:1A40BC*7474038B
1;02:F8C7H4;;>F2A>F=F78C44H4A8=6B0=3508=C
4H4BCA8?4B-8=6B0A430A:F8C7H4;;>FB7>D;34A
?0C274B0=3CF>F78C410AB*08;8B30A:F8C7F78C4
2>A=4AB
>A068=60=34438=6.4;;>FAD<?43-0A1;4A
443B<08=;H>=8=B42CB8=C74BD<<4A0=3>=14AA84B
0=35AD8CB8=C74F8=C4A?0AC82D;0A;HF0G2>0C43
14AA84B>510H14AA84B0=3F0G<HAC;4BD=8@D4
60BCA>8=C4BC8=0;CA08CB0;;>F8CC>BD1B8BC>=C78B
D=DBD0;5>>3B>DA24
A4438=60=3$4BC8=6.4;;>FAD<?43-0A1;4A*7A44C>58E41A>F=0=36A0H<0A:43F78C4C>2A40<H
F78C4466B0A4;0838=01D;:H=4BC<034>5CF86BA>>C;4CB0=36A0BB;8=43F8C7708A0=3540C74AB0=31D8;C
8=02>=854A=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=(0?835;867CF8C7@D82:F8=6BCA>:4B
(0=640=3018C0C.4;;>FAD<?43-0A1;4AA443B5A><=>AC74A=
;0B:0=>AC74A=#0=8C>1024=CA0;'D41420=3$4F5>D=3;0=3B>DC70=3
F4BCC>=>AC74A=#4G82>0=340BCC>#827860==>AC74A=$4F.>A:
#0BB027DB4CCB0=3#08=4)?4=3BF8=C4AB5A><C74B>DC74A=?0AC>58CB
1A4438=6A0=64B>DC7F0A38=C>C74CA>?82B7867;H030?C01;418A35>D=3
8=0E0A84CH>57018C0CB8=2;D38=62>=854A>DB5>A4BCB<8G43F>>3;0=3B
34283D>DB5>A4BCB?8=4?;0=C0C8>=1>6B5>A4BC4364B0=3>?4=8=6B=
C74F8=C4A8C8B>5C4=5>D=38=1ADB7HC782:4CB>510H14AAH0=3F0G
<HAC;4
&=2062@2;1?<60.0<?<;.A.
2;4A5%.;42
0:6;
*2645A
4<G
*6;4@=.;%.;420:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;/B;1.;A
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&A?6=21<?@A?2.821
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
,"*'%"'*%%
*<<1*.?/92?@#.?B961.2
4=4A0;.4;;>FC7A>0C43-0A1;4A#438D<F0A1;4A
F8C76A0HD??4A?0ACBH4;;>FC7A>0C278=0=3D??4A
1A40BCF78C4D=34A?0ACBF8C71;02:B?>CB>=B834B
40370B1;02:5024?0C27F78C44H41A>FB-8=6B
0A430A:F8C7CF>F78C410AB*08;8B6A0HF8C7F78C4
B?>CB=40A2>A=4AB8;;;46B0=3544C0A41;02:
>A068=60=34438=6.4;;>FC7A>0C43-0A1;4A84C
8=2;D34B144C;4B<>C7B5;84B6A0BB7>??4AB2A82:4CB
0=3B?834AB6;40=B5>>35A><;40E4B0=31A0=274B
A4438=60=3$4BC8=6.4;;>FC7A>0C43-0A1;4A>DA?DA?;4B?>CC43?0;46A44=466B0A4;0838=0=4BC<034
>56A0BB0=310A:BCA8?B;8=43F8C7708A0=3540C74AB0=3>5C4=B4C8=02;D<?>5)?0=8B7<>BB>A8=0?8=4
=443;41D=27=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=08A;HBF85C38A42C5;867C5>AB7>AC38BC0=24B
(0=640=3018C0C.4;;>FC7A>0C43-0A1;4AA443B5A><;;8=>8B%78>
0=3$4F 4AB4HB>DC7C>#8BB>DA8*4G0BC74D;5>0BC0=3=>AC74A=
;>A830)?4=3BF8=C4AB5A><C74D;5>0BCBC0C4BB>DC7F0A3&A454AA43
7018C0CB8=2;D345>A4BCB>5?8=42H?A4BBBH20<>A40=3>0:8=1>C7
BF0<?H?;024B0=33AHD?;0=3B
&=2062@2;1?<60.1<:6;60.
2;4A5%.;42
0:6;
*2645A4<G
*6;4@=.;%.;420:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;.6?9F0<::<;
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
&%''!%
'.;.42?@'5?.B=61.2
4=4A0;)20A;4C*0=064A#438D<C0=064AF8C7
1A8;;80=CA431>3H1;02:F8=6BC08;*74>=;H18A38=
$>AC7<4A820F8C7C78BD=8@D4?;D<06440EH18;;
8BH4;;>F6A0HA0H;46B0=3544C-8=C4A<0;470B
3D;;6A44=D??4A?0ACBH4;;>F6A44=D=34A?0ACB>5C4=
8=C4AB?4AB43F8C7A433DA8=6<>;C
>A068=60=34438=6)20A;4C*0=064A443B>=
8=B42CB5AD8CB14AA84B0=31D3B>A064B78678=
CA44B1DC<0HB44:?A4H>=C746A>D=3>A20C27
8=B42CB8=C7408A
A4438=60=3$4BC8=6)20A;4C*0=064A*F>C>58E41;D46A44=466B<0A:43F8C71A>F=0A4;0838=0;>>B4
=4BC<034>56A0BBA>>C;4CB5>A1B0=3CF86B;8=43F8C758=46A0BB5>A1B0=3A>>C;4CB0=31D8;C>=0
7>A8I>=C0;1A0=27F4;;>DC5A><C74CAD=:C>544C01>E4C746A>D=3=2D10C8>=A0=64B5A><C>
30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=)F85C38A42C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0C)20A;4C*0=064AA443B5A><4GCA4<4B>DC740BC4A=
0=030C>40BC24=CA0;+))?4=3BF8=C4AB8==>AC7F4BC4A=)>DC7
<4A820=CA>?820;5>A4BCB>D=38=34283D>DB5>A4BCB?8=4>0:
F>>3;0=3B?0A:B0=3BD1DA10=0A40BF8C7;0A64CA44B
&=2062@#6?.;4.<96C.02.
2;4A5%.;42
0:6;
*2645A4
<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@
?2216;4#<=B9.A6<;.6?9F0<::<;
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
&(
%'!%
'.;.42?@'5?.B=61.2
4=4A0;)D<<4A*0=064A"0A64C0=064A30A:A43
>E4A0;;F8C70;0A64?0;46A0H18;;"46B0=3544C0A4
6A0HC8BC74>=;H4=C8A4;HA4318A38=$>AC7<4A820
CB?4280;8I4B8=40C8=6144B0=3F0B?BF78278BF7H
8C8B0;B>:=>F=0BC7414418A3)F85C38A42C5;867C
F8C7@D82:F8=6BCA>:4B
>A068=60=34438=6)D<<4A*0=064A443B
<08=;H>=8=B42CB8=2;D38=6144BF0B?B20C4A?8;;0AB
6A0BB7>??4AB3A06>=5;84B144C;4B0=3282030B
>A064B8=C74C>?B>5CA44B1H6;40=8=65A><CF86B
0=3;40E4B>220B8>=0;;H7>E4AB0C;4052;DBC4AB
A4438=60=3$4BC8=6)D<<4A*0=064A*7A44C>58E41A>F=<0A:43;867C1;D4>A6A44=466B0A4;0838=0
=4BC<034>56A0BBBC4<B0=3<>BB;8=43F8C758=46A0BB0=31D8;CC>544C01>E4C746A>D=3>=0
7>A8I>=C0;;8<1>50=>0:>A?8=4=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=)F85C38A42C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0C)D<<4A*0=064AA443B5A><B>DC74A=0;85>A=80
$4E030$41A0B:00=3$4F 4AB4HB>DC7C>C74D;5>0BC0=3=>AC74A=
#4G82>)?4=3BF8=C4AB8=CA>?82B&A454AB>?4=>0:782:>AH0=3<8G43
>0:?8=4F>>3;0=3B0;B>5>D=38=?0A:B>A270A3B0=30;>=6A>03B834B
&=2062@#6?.;4.?B/?.
2;4A5%.;42
0:6;
*2645A4
<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
*&'%!'!%
'.;.42?@'5?.B=61.2
4=4A0;-4BC4A=*0=064A#438D<B8I43C0=064A
F8C71A8;;80=CA4374031A867CH4;;>F1>3H1;02:
102:F8=6B0=3C08;-8=6B70E4CF>10ABD??4A10A
8BH4;;>F;>F4A10A8BF78C4"46B0=3544C0A46A0H
)F85C38A42C5;867C>=A0?83;H140C8=6F8=6BCF0B
58ABCA42>A343>=C74"4F8B0=3;0A:4G?438C8>=
>A068=60=34438=6-4BC4A=*0=064A0CB8=B42CB
0=314AA84B5>A064B8=CA44B0=3B7AD1B>A20C274B
8=B42CB8=C7408A
A4438=60=3$4BC8=6-4BC4A=*0=064A*7A44C>58E41A>F=<0A:431;D4466B0A4;0838=05A08;B70;;>F
B0D24A=4BCF>E4=5A><A>>C;4CBF443BC0;:B0=310A:BCA8?B0=3B033;43>=07>A8I>=C0;1A0=27>50
>D6;0B58AB?AD24?8=4>A>0:4<0;48=2D10C4B466B5>A01>DC30HB
;867C&0CC4A=)F85C38A42C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0C-4BC4A=*0=064AA443B5A><B>DC74A=;0B:00=3
#02:4=I84B>DC7F0A30=3F8=C4AB8=C74CA>?82B&A454AA437018C0CB
8=2;D34>?4=2>=854A>DB5>A4BCB
&=2062@#6?.;4.9B1<C606.;.
2;4A5%.;42
0:6;
*2645A4
<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@
?2216;4#<=B9.A6<;.6?9F0<::<;
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
##!&#%%"*
&=.??<D@:/2?6G61.2
4=4A0;78??8=6)?0AA>F#438D<B;4=34A
B?0AA>FF8C71;02:BCA40:431A>F=102:0=3?0;4
6A0HD=34A?0ACB0?8BAD5>DB=0?48B6A0HC7A>0C8B
F78C40=35024BCA8?4B0A41;02:0=3F78C4;02:
18;;&8=:>A0=64;46B0=3544C)7>AC5;867C0;C4A=0C4B
B4E4A0;A0?83F8=6140CBF8C7F8=6B?D;;43C>B834B
>A068=60=34438=678??8=6)?0AA>F443B>=
8=B42CB0=3B443B5>A064B>=C746A>D=3
A4438=60=3$4BC8=678??8=6)?0AA>F*F>C>58E41;D46A44=466B<0A:43F8C730A:1A>F=1;D40=3
1;02:0A4;0838=0B>;832D?>56A0BB0=3BC4<BDBD0;;H;8=43F8C7708A0=31D8;C8=B7AD114AH>A8=0C0=6;4
>5E8=4B=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=)7>AC5;867CBF8C7A0?83F8=6140CB
(0=640=3018C0C78??8=6)?0AA>FA443BC7A>D67>DC<>BC>5C74
2>=C8=4=C5A><.D:>=#0=8C>100=3$4F5>D=3;0=3B>DC7C>0;85>A=80
*4G0B=>AC74A=;>A8300=3#4G82>)?4=3BF8=C4AB02A>BBB>DC74A=+)
B>DC7F0A38=C>#4G82>&A454AA437018C0CB8=2;D346A0BBHF>>3;0=3
4364B60A34=B28CH?0A:B1ADB7H?0BCDA4B0=3;0F=B
&=2062@&=6G299.=.@@2?6;.
2;4A5%.;42
0:6;
*2645A
4<G
*6;4@=.;%.;420:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;*612@=?2.1
.08#.AA2?;&A?6=21<?@A?2.821
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
%,(!"
&=.??<D@:/2?6G61.2
4=4A0;0A:4H43 D=2>#438D<B?0AA>FF8C7
2>=B834A01;464>6A0?7822>;>AE0A80C8>=0;C7>D670;;
4G7818C0?8=:18;;30A:4H4BF78C414;;H
30A:24=C4A43C08;F8C7F78C4>DC4A540C74AB)7>AC
5;867CF8C7F78C4>DC4AC08;540C74AB5;0B78=6
0;C4A=0C4BB4E4A0;A0?83F8=6140CBF8C7F8=6B?D;;43
C>B834B
>A068=60=34438=60A:4H43 D=2>84C
8=2;D34BB443B14AA84B8=B42CB0=35AD8CB>A064B1H
6;40=8=65A><E464C0C8>=0=3B2A0C278=6>=C74
6A>D=3<0H0;B>70F:5;H8=68=B42CB=B?A8=60=3
50;;9>8=B<8G43B?4284B5>A068=65;>2:B
A4438=60=3$4BC8=60A:4H43 D=2>*7A44C>B8GF78C4C>1;D4466B<0A:43F8C71A>F=0=36A0H0A4
;0838=0344?2><?02C=4BC<034>5A>>C;4CBB7A43B>510A:CF86B0=3<>BB4B;8=43F8C76A0BB0=3708A
0=3DBD0;;H1D8;C>=>A=40AC746A>D=3?A>C42C431H0A>2:;4364<D310=:CD5CB>5F443B>A050;;4=;>6
%220B8>=0;;H1D8;3B=4BC8=0B7AD1>A;>FCA44;4BBC70=544C01>E4C746A>D=3=2D10C8>=A0=64B5A><
C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=)7>AC5;867CBF8C7F78C4>DC4AC08;540C74AB5;0B78=62>=B?82D>DB;H;C4A=0C4BB4E4A0;A0?83
F8=6140CBF8C7F8=6B3A0F=C>B834B
(0=640=3018C0C0A:4H43 D=2>A443B5A><;0B:040BC02A>BB
0=030C>$4F5>D=3;0=30=3B>DC7C>C74<>D=C08=B8=#4G82>0=3
4>A680)?4=3BF8=C4ABB>DC7C>C74D;52>0BC0=3=>AC74A=#4G82>
E06A0=C8=24;0=3A8C8B7B;4B2>=C8=4=C0;DA>?40=340BC)814A80
&A454AA437018C0CB8=2;D34>?4=8=6B0=34364B>52>=854A>DB0=3<8G43
F>>3B=C74F8=C4A5A4@D4=CB584;3BA>03B834B?0A:B0=3BD1DA10=
60A34=B
&=2062@B;0<5F2:.96@
2;4A5%.;42
0:6;
*2645A4<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;<::<;A<3.6?9F0<::<;
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
&'%!'"*
&=.??<D@:/2?6G61.2
4=4A0;0BC4A=*>F744"0A64B?0AA>FF8C71;02:
D??4A?0ACB7>>30=3D??4A1A40BCAD5>DB5;0=:B0=3
F78C4D=34A?0ACB-8=6B0A41;02:F8C7F78C4
<0A:8=6B0=3C08;8B;>=60=31;02:F8C7F78C4
2>A=4AB)7>AC1>D=38=65;867C0;C4A=0C4BB4E4A0;
A0?83F8=6140CBF8C7F8=6B?D;;43C>B834B
>A068=60=34438=60BC4A=*>F7440CB8=B42CB
02>A=BB443B0=314AA84B5>A064B>=C746A>D=3>A8=
;>FE464C0C8>=
A4438=60=3$4BC8=60BC4A=*>F744*F>C>B8G2A40<HF78C4>A6A0H466B0A4;0838=02D?=4BC<034>5
BC82:BA>>C;4CB6A0BB10A:0=3;40E4B0=3;8=43F8C7B>5C6A0BB0=30=8<0;708A$4BC8B1D8;C>=C746A>D=3
D=34A01DB7>A1ADB7?8;4=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=;C4A=0C4BB4E4A0;A0?83F8=6140CBF8C7F8=6B?D;;43C>B834B)7>AC1>D=2H5;867CBF8C7C08;
B?A403
(0=640=3018C0C0BC4A=*>F744A443B5A><B>DC74A=)0B:0C274F0=
40BCC>#08=40=3B>DC7C>0;85>A=800=3;>A830)?4=3BF8=C4AB02A>BB
<D27>540BC4A=+)=>AC7C>$41A0B:00=3B>DC74A=$4F=6;0=3
&A454AA437018C0CB8=2;D34D=34A6A>FC70=31ADB7H4364B>5>?4=F>>3B
$>AC740BC4A=18A3B50E>AH>D=6902:?8=4B>AB42>=36A>FC7>0:5>A4BCB
B>DC74A=18A3BB44:B2AD1>0:>A?0;<4CC>
&=2062@#6=69<2?FA5?<=5A5.9:B@
2;4A5%.;42
0:6;
*2645A4
<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;<::<;A<3.6?9F0<::<;
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
&#%%"*
&=.??<D@:/2?6G61.2
4=4A0;84;3)?0AA>F#438D<B?0AA>FAD5>DB
102:F8C730A:BCA40:BD=BCA40:431D551A40BC
A0H1A>F=AD<?A0H7403AD5>DB20?0=3F78C4
4H4A8=6&8=:18;;;46B0=3544C>A064B>=6A>D=3
>A;>FB7AD114AH)7>AC5;867CB0;C4A=0C4BA0?83F8=6
140CBF8C71A845?4A8>3B>5F8=6B?D;;43C>C74B834B
>A068=60=34438=684;3)?0AA>F0CBB443B0=3
8=B42CB5>A064B>=C746A>D=3
A4438=60=3$4BC8=684;3)?0AA>F*F>C>B8G1A>F=<0A:43F78C4C>?0;41;D4>A6A44=466B0A4;0838=
0F>E4=2D?B70?43=4BC<034>56A0BB;8=43F8C7A>>C;4CB>A58=46A0BB0=3B4C>=>A=40AC746A>D=3
=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=)7>AC5;867CBF87A0?83F8=6140CB
(0=640=3018C0C84;3)?0AA>FA443B5A><=>AC74A=$>AC70:>C0
24=CA0;#8==4B>C0=>AC74A=-8B2>=B8=0=324=CA0;$4F=6;0=3B>DC7
C>4>A680#8BB8BB8??8">D8B80=024=CA0;*4G0B0=3F4BC4A=>;>A03>
)?4=3BF8=C4ABB>DC7C>C74D;5>5#4G82>0=3=>AC740BC4A=#4G82>
?A454AB010=3>=43584;3B0=3?0BCDA4B>E4A6A>F=F8C7F443BB20CC4A43
1DB74B0=3B<0;;B0?;8=6B
&=2062@&=6G299.=B@699.
2;4A5%.;42
0:6;
*2645A
4<G
*6;4@=.;%.;420:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;.6?9F0<::<;
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&A?6=21<?@A?2.821
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
"+&#%%"*
&=.??<D@:/2?6G61.2
4=4A0;>G)?0AA>F"0A64B?0AA>FE0A84B5A><
30A:>A6A0H1A>F=8=C74F4BCAD5>DB8=C7440BC
D??4A?0ACB<0H14B>30A:C70C102:?0CC4A=8B70A3C>
B4440E8;HBCA40:43D??4A?0ACB2>=E4A68=60C
<831A40BC8=C>0;0A6430A:B?>C(DBC1A>F=C08;8;;
70B30A:D??4A<0=381;4H4;;>F;>F4A<0=381;4
>A068=60=34438=6>G)?0AA>F84C2>=B8BCB>5
B443B5AD8CB14AA84B8=B42CBB?834AB<8;;8?434B0=3
B<0;;B=08;B>A064B1H3>D1;4B2A0C278=6>=C74
6A>D=30=338668=6B<0;;7>;4B1H:82:8=6102:F0A3B
F8C72;0FB0=3544C
A4438=60=3$4BC8=6>G)?0AA>F*F>C>58E4?0;46A44=466B<0A:43F8C7A431A>F=0A4;0838=0
C782:F0;;432D?>5;40E4B6A0BB0=3<>BB0=32>=240;438=E464C0C8>=>=>A=40AC746A>D=3=2D10C8>=
A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=)7>AC5;867CBF87A0?83F8=6140CB
(0=640=3018C0C>G)?0AA>FA443B5A><C74;4DC80=B0=3
<08=;0=3;0B:040BCC>=>AC74A='D41420=3#0A8C8<4B0=3B>DC7C>
B>DC74A=0;85>A=800=3>;>A03>&A454AA437018C0CB8=2;D34C782:4CB0=3
4364B>52>=854A>DB<8G43>AB42>=36A>FC75>A4BCB>A270?0AA0;
&=2062@#.@@2?299.696.0.
2;4A5%.;42
0:6;
*2645A
4
<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;(;0<::<;A<3.6?9F0<::<;
.08#.AA2?;&A?6=21<?@A?2.821
299F#.AA2?;&=<AA21<?@=208921
?2.@A#.AA2?;&=<AA21<?@=208921
<=F?645A 6A05*.6A2?<B=
%&&"##%&#%%"*
&=.??<D@:/2?6G61.2
4=4A0;A0BB7>??4A)?0AA>F#438D<B?0AA>F
F8C71A>F=BCA40:43D??4A?0ACB0=3F78C4D=34A?0ACB
0245;0=:B0=31A40BC0A4?;08=1D551A>F=4038B
5;0CF8C724=CA0;F78C4BCA8?4C7>D6730A:2A>F=
+??4A<0=381;48B6A0HF78;4;>F4A<0=381;48B
H4;;>F&8=:;46B0=3544C$0<435>A8CB8=B42C;8:4
B>=6
>A068=60=34438=6A0BB7>??4A)?0AA>F443B
<>BC;H>=8=B42CB8=2;D38=66A0BB7>??4ABBC0?;4
144C;4B20C4A?8;;0AB0=32A82:4CB0;B>40CBB?834AB
40AC7F>A<BB=08;B0=3B443B5>A064B>=C746A>D=3
A4438=60=3$4BC8=6A0BB7>??4A)?0AA>F*7A44C>B8G2A40<HF78C4466BF8C7B?>CB0=35;42:B>5A43
1A>F=0A4;0838=02D?>56A0BB;8=43F8C7A>>C;4CB0=3708A0=31D8;C=40A>A>=C746A>D=3=2D10C8>=
A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=;DCC4A8=6F8=6140CB(0?83D=3D;0C8=65;867C
(0=640=3018C0CA0BB7>??4A)?0AA>FA443B5A><;0B:0#0=8C>10
C>$4F0<?B78A4F8=C4AB8=24=CA0;0=3B>DC74A=70;5>5+)=7018CB
?A08A846A0BB;0=3B?0BCDA4B>;3F443H584;3B?0;<4CC>B2AD16A08=
584;3B0=370H584;3B
&=2062@::<1?.:B@@.C.;;.?B:
2;4A5%.;42
0:6;
*2645A4<G
*6;4@=.;%.;420:6;
?2216;4'F=2 <;<4.:<B@<<@20<9<;62@
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&A?6=21<?@A?2.821
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
%%&&&#%%"*
&=.??<D@:/2?6G61.2
4=4A0;0AA8BB)?0AA>F"0A64B?0AA>FF8C7
30A:BCA40:431A>F=D??4A?0ACB0=3F78C4D=34A?0ACB
F8C730A:BCA40:43B834B40370BBC0A:1;02:2A>F=
50240=3C7A>0CA0H2744:?0C278B<0A:431H0
C78=1;02:;8=48;;8B?8=:;C4A=0C4BA0?83F8=6
140CBF8C71A845?4A8>3B>5F8=6B?D;;43C>B834B
>A068=60=34438=60AA8BB)?0AA>F84C2>=B8BCB
>5B443B14AA84B8=B42CBB?834AB0=3054FB=08;B
5>A064B?A8<0A8;H>=C746A>D=3
A4438=60=3$4BC8=60AA8BB)?0AA>F*7A44C>58E4F78C4C>?0;46A44=466BF8C71A>F=<0A:8=6B0A4;083
8=0=4BC<0345A><?;0=C5814AB0=3;40E4B;8=43F8C76A0BB0=31D8;C>=C746A>D=3>A0CC7410B4>501DB7
=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=;C4A=0C4BB4E4A0;A0?83F8=6140CBF8C7F8=6B?D;;43C>B834B
(0=640=3018C0C0AA8BB)?0AA>FA443B8=C74<8G435>A4BCCD=3A0
I>=4B>5=>AC724=CA0;0=0305A><C744GCA4<4=>AC7F4BC4A=A40274B>5
C74$>AC7F4BC*4AA8C>A84BC>=>AC74A=%=C0A8>0;>=6C74B7>A4B>5D3B>=
0H)?4=3BF8=C4AB8=24=CA0;+)5A><)>DC70:>C0C>B>DC7*4G0B
&=2062@-<;<A?6056.>B2?B9.
2;4A5%.;42
0:6;
*2645A4
<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;<::<;A<3.6?9F0<::<;
.08#.AA2?;&A?6=21<?@A?2.821
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
%&#%%"*
&=.??<D@:/2?6G61.2
4=4A0;"0A:)?0AA>F#438D<B?0AA>FF8C7
BCA40:436A0H1A>F=D??4A?0ACB0=31D55D=34A?0ACB
F8C71;02:1A40BCB?>C40370B1;02:F78C40=3
274BC=DC1A>F=BCA8?4B*08;8B;>=60=31;02:F8C7
F78C44364B)7>AC5;DCC4A8=65;867C0;C4A=0C4BA0?83
F8=6140CBF8C7F8=6B?D;;43C>B834B
>A068=60=34438=6"0A:)?0AA>F0CBB443B
6A0BB7>??4AB0=3>C74A8=B42CB5>A064B>=C74
6A>D=30=3;>F8=CA44B0=3B7AD1BDBD0;;H8=5;>2:B
4E4=3DA8=61A4438=6B40B>=
A4438=60=3$4BC8=6"0A:)?0AA>F*7A44C>B8GF78C4C>?0;46A0H466B<0A:43F8C71A>F=0=31;02:0A4
;083>=C746A>D=3>A;>F8=01DB7>ACA448=01D;:H2D?=4BC<034>5BC82:B6A0BB0=35>A1B0=3;8=43
F8C7A>>C;4CB0=36A0BB=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=;DCC4A8=6F8=6140CB;C4A=0C4BB4E4A0;A0?83F8=6140CBF8C7F8=6B?D;;43C>B834B
(0=640=3018C0C"0A:)?0AA>FA443B5A><A8C8B7>;D<180
)0B:0C274F0=0=3=>AC74A=#8==4B>C0B>DC7C>0;85>A=80=>AC74A=
#4G82>">D8B80=00=3;010<0)?4=3BF8=C4AB5A><B>DC74A=
0;85>A=80C>;>A8300=3B>DC7F0A3&A454AA437018C0CB8=2;D34
6A0BB;0=3BB4<8>?4=B2AD1;0=3B06A82D;CDA0;0A40BB0641ADB70=3
?8=H>=9D=8?4AF>>3;0=3B8=;>F;0=3B0=35>>C78;;B
&=2062@5<;12@A2@4?.::.0B@
2;4A5%.;42
0:6;
*2645A4
<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@<<@20<9<;62@
&<:2=<9F4.:<B@
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&A?6=21<?@A?2.821
299F#.AA2?;&<961
"!'&&#%%"*
&=.??<D@:/2?6G61.2
4=4A0;"4>=C4B)?0AA>F)<0;;B?0AA>F
1A>F=BCA40:43102:1A>F=BCA40:436A0H=0?4?0;4
6A0HD=34A?0ACBF8C7BCA40:B>=B834BH4;;>F1A40BC
4038B5;0C1;02:20??43F8C70F78C4<4380=;8=4
0248BH4;;>F>A0=64F8C76A0H2744:B1;02:
4H4;8=45>A<8=60*1478=34H4"46B544C0A4
?8=:1A>F=
>A068=60=34438=6"4>=C4B)?0AA>F443B
?A8<0A8;H>=8=B42CBB443B0=3B?834AB-0;:B0=3
AD=B>=C746A>D=3F78;45>A068=6
A4438=60=3$4BC8=6"4>=C4B)?0AA>F*7A44C>58E41A>F=B?>CC43?0;46A0H466B0A4;0838=0=4BC
<034>56A0BBADB74B0=3BC4<B0=3;8=43F8C758=4?;0=C<0C4A80;B=2D10C8>=A0=64B5A><C>30HB
0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=;C4A=0C4BB4E4A0;A0?83F8=6140CBF8C7F8=6B?D;;43C>B834B
(0=640=3018C0C"4>=C4B)?0AA>FA443B5A><#02:4=I840=3
24=CA0;'D4142B>DC7C>=>AC74A=#>=C0=0#8==4B>C00=3=>AC74A=
#827860=)?4=3BF8=C4AB8=B>DC740BC4A=BC0C4B&A454AB<>8BC6A0BB;0=3B
0=31>66H<403>FBBC0HB>=3AH584;3B8=F8=C4A
&=2062@::<1?.:B@920<;A266
2;4A5%.;42
0:6;
*2645A
4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;,2@/BAB;0<::<;
.08#.AA2?;&A?6=21<?@A?2.821
299F#.AA2?;&<961
?2.@A#.AA2?;&A?6=21<?@A?2.821
<=F?645A 6A05*.6A2?<B=
!"!&&#%%"*
&=.??<D@:/2?6G61.2
4=4A0;"8=2>;=B)?0AA>F#438D<B?0AA>F
30A:BCA40:43?0;41A>F=D??4A?0ACBF78C4
D=34A?0ACBF8C730A:BCA40:B40370B1A>F=2A>F=
F8C76A0H24=CA0;BCA8?41A>036A0H4H41A>FB0=3
=0?4?0;44H4A8=60=31A>F=BCA40:4GC4=38=6
1478=34H4+??4A<0=381;48B30A:;>F4A<0=381;4
8B?0;4>A0=641A>F=
>A068=60=34438=6"8=2>;=B)?0AA>F443B>=
8=B42CB0=3B443BB2A0C274B0CC746A>D=3F78;4
5>A068=6
A4438=60=3$4BC8=6"8=2>;=B)?0AA>F*7A44C>B8G?0;46A44=466BF8C7A431A>F=<0A:8=6B0A4;0838=0
2D?B70?43=4BCF>E4=5A><3AH6A0BB;8=43F8C758=4?;0=C<0C4A80;B0=3708A0=31D8;C>=C746A>D=3
=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=;C4A=0C4BB4E4A0;A0?83F8=6140CBF8C7F8=6B?D;;43C>B834B
(0=640=3018C0C"8=2>;=B)?0AA>FA443B02A>BB?>AC8>=B>5;0B:0
0=30=030B>DC7C>B>DC7F4BC4A=+)24=CA0;#8==4B>C00=3$4F
=6;0=3)?4=3BF8=C4AB5A><B>DC74A=+)B>DC7C>>=3DA0B>D=3
8=B7AD11H<403>FBB7>A4;8=45>A4BCB1>64364B0=3F4C;0=3BF8C7C0;;
E464C0C8>=
&=2062@ 29<@=6G.96;0<9;66
.08#.AA2?;&A?6=21<?@A?2.821
2;4A5%.;42
0:6;
299F#.AA2?;&<961
*2645A4<G
?2.@A#.AA2?;&A?6=21<?@A?2.821
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;(;0<::<;A<3.6?9F0<::<;
6?1@<3<96C.?#2;6;@B9.
!&"!&&%#'&#%%"*
&=.??<D@:/2?6G61.2
4=4A0;$4;B>=B)70A?C08;43)?0AA>F)<0;;
B?0AA>FF8C71A>F=BCA40:43D??4A?0ACBA40BC0=3
B834B0A4?0;41A>F=F8C7?0;4BCA40:BC7A>0C14;;H
0=3D=34AC08;2>E4ACB0A4F78C440370B6A0H1A>F=
2A>F=0=3=0?4>A0=641A>F=50240=36A0H2744:B
*08;8BB7>AC0=3?>8=C43&8=:6A0H;46B0=3544C
>A068=60=34438=6$4;B>=B)70A?C08;43)?0AA>F
443B<08=;H>=8=B42CB0@D0C828=E4AC41A0C4B0=3
B443B>A064B>=C746A>D=3>A8=<0AB7E464C0C8>=
B><4C8<4B?A>14B<D3
A4438=60=3$4BC8=6$4;B>=B)70A?C08;43)?0AA>F*7A44C>B4E4=;867C6A44=466BF8C7740EH1A>F=
B?>CB0A4;0838=0=>?4=2D?=4BC<034>53AH6A0BB0=3BC4<B0=30CC02743C>E464C0C8>=2;>B4C>C74
6A>D=366B0A48=2D10C435>A30HB1HC7454<0;4
;867C&0CC4A=;C4A=0C4BB4E4A0;A0?83F8=6140CBF8C7F8=6B?D;;43C>B834B
(0=640=3018C0C$4;B>=B)70A?C08;43)?0AA>FA443B5A><=>AC74A=
;;8=>8B=>AC7F0A3C>0:>C00=3#0=8C>10>22DAB0B0<86A0=C>=C74
C;0=C822>0BC0=3F8=C4AB5A><)>DC70A>;8=0C>*4G0B=7018CBB0;C
<0AB74B
&=2062@::<1?.:B@;29@<;6
2;4A5%.;42
0:6;
*2645A
4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2#<9F4.:<B@<<@20<9<;62@
?2216;4#<=B9.A6<;.6?9F0<::<;
.08#.AA2?;&A?6=21<?@A?2.821
299F#.AA2?;&<961
?2.@A#.AA2?;&A?6=21<?@A?2.821
<=F?645A 6A05*.6A2?<B=
&)!!&#%%"*
&=.??<D@:/2?6G61.2
4=4A0;)0E0==07)?0AA>F)<0;;B?0AA>F
30A:BCA40:436A0H1A>F=D??4A?0ACBF78C4
D=34A?0ACB740EHBCA40:B>=1A40BC0=3B834B403
70B01A>F=2A>F=F8C7?0;424=CA0;BCA8?40=3?0;4
H4;;>F>AF78C44H41A>FBA>F=F8=6B70E4CF>
?0;410AB*08;8BB7>AC0=3=>C2743&8=:;46B0=3
544C
>A068=60=34438=6)0E0==07)?0AA>F443B>=
B443B8=B42CBB?834AB0=3B><4C8<4BB=08;B>A064B
>=C746A>D=3>A8=;>F1DB74BB2A0C274B8=38AC0=3
5>;8064
A4438=60=3$4BC8=6)0E0==07)?0AA>F*F>C>B8G?0;46A44=1;D4>AF78C4466B<0A:43F8C71A>F=0A4
;083>=C746A>D=38=02D?=4BC<034>5<>BB0=33AH6A0BB0=3;8=43F8C758=4708A58=46A0BB0=3A>>CB
=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1H1>C7?0A4=CB
;867C&0CC4A=;C4A=0C4BB4E4A0;A0?83F8=6140CBF8C7F8=6B?D;;43C>B834B
(0=640=3018C0C)0E0==07)?0AA>FA443B5A><;0B:040BCC>
"01A03>A0=3B>DC7C>$4F 4AB4H#8BB>DA80=3=>AC74A=#4G82>
)?4=3BF8=C4ABA46D;0A;H=>AC7C>B>DC740BC4A=;0B:00=3
#0BB027DB4CCB>D=38=B0;C<0AB74B6A0BB;0=3BCD=3A0<>D=C08=
<403>FBB0=3HA468>=B0=3B7>AC6A0BB?A08A84B
&=2062@#.@@2?0B9B@@.;1D6052;@6@
2;4A5%.;42
0:6;
*2645A4<G
*6;4@=.;%.;420:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;/B;1.;A
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&A?6=21<?@A?2.821
299F#.AA2?;&<961
?2.@A#.AA2?;&A?6=21<?@A?2.821
&&&#%%"*
&=.??<D@:/2?6G61.2
4=4A0;)40B834)?0AA>F#438D<B?0AA>F
<0A8C8<DBBCA40:43>;8E46A0HD??4A?0ACB?0;41D55
D=34A?0ACBBCA40:B>=1A40BCB834B40370BH4;;>F
BCA40:14CF44=4H418;;">=618;;C782:10B4)7>AC
?>8=C43C08;)7>AC5;867CB0;C4A=0C4BA0?83;H140C8=6
F8=6BF8C7F8=6B?D;;43C>B834B
>A068=60=34438=6)40B834)?0AA>F0CBB<0;;
B=08;B8=B42CB2ADBC0240=B0=3B443B>A064B>=C74
6A>D=36;40=8=65>>30B8CF0;:BD?A867C;8:40B<0;;
A08;0;B>F034B8=B70;;>FF0C4A
A4438=60=3$4BC8=6)40B834)?0AA>F*7A44C>B8GF78C4C>?0;46A44=466B<0A:43F8C7A431A>F=0A4
;0838=0=4BC<034>53A8436A0BB0=3B4364B;8=43F8C758=4A6A0BB0=30CC02743C><0AB7A443B>AB4C>=0
2;D<?>56A0BB5A><C>544C01>E4C746A>D=3B><4C8<4B78674A=2D10C8>=A0=64B5A><C>30HB
0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=)7>AC5;867CB;>F>E4AE464C0C8>=>=A0?83;H140C8=6F8=6BF8C70;C4A=0C8=61A485?4A8>3B>5
F8=6B?D;;43C>B834B
(0=640=3018C0C)40B834)?0AA>F(4B834=C8=2>0BC0;<0AB74B>5
40BC4A=+)0=3C74D;5>0BC
&=2062@::<1?.:B@:.?6A6:B@
2;4A5%.;42
0:6;
*2645A4<G
*6;4@=.;%.;420:6;
?2216;4'F=2 <;<4.:<B@<<@20<9<;62@
?2216;4#<=B9.A6<;%.?2
.08#.AA2?;&A?6=21<?@A?2.821
299F#.AA2?;&<961
?2.@A#.AA2?;&A?6=21<?@A?2.821
<=F?645A 6A05*.6A2?<B=
&"!&#%%"*
&=.??<D@:/2?6G61.2
4=4A0;)>=6)?0AA>F#438D<B?0AA>F740E8;H
BCA40:436A0H1A>F=D??4A?0ACBD;;F78C4
D=34A?0ACB70E430A:24=CA0;1A40BCB?>CC782:
BCA40:B40370B1A>F=2A>F=?0;4A<4380=BCA8?4
?0;46A0H4H41A>FF78C4278=30A:1A>F=
<>DBC0274BCA8?4(DBC1A>F=F8=6B*08;8B;>=6
DBD0;;HC8=643ADBC1A>F=
>A068=60=34438=6)>=6)?0AA>F84C2>=B8BCB
>5B443B6A0BB14AA84B0=3>220B8>=0;;H8=B42CB0;B>
40CB2ADBC0240=B0=3<>;;DB:B>=C742>0BC5>A064B
>=C746A>D=3
A4438=60=3$4BC8=6)>=6)?0AA>F*F>C>B8GA431A>F=<0A:43?0;46A44=466B0A4;0838=02D?=4BC>5
6A0BB5>A1B;40E4B0=310A:BCA8?B>5C4=;8=43F8C7708A0=3DBD0;;H1D8;C>=C746A>D=3=40A06A0BBH
CDBB>2:>AA443BB><4C8<4B1D8;3B=4BC8=01DB7>ACA44C>544C01>E4C746A>D=3=2D10C8>=A0=64B
5A><C>30HB0=38B20AA843>DC1HC7454<0;4A08B4BD?C>C7A441A>>3B?4AB40B>=
;867C&0CC4A=)7>AC5;867CB2;>B4C>6A>D=3C08;?D<?8=6D?0=33>F=
(0=640=3018C0C)>=6)?0AA>FA443B5A><C74;4DC80=B0=3
<08=;0=3;0B:040BCC>$4F5>D=3;0=30=3B>DC7C>0;85>A=80$>AC7
0:>C00=30A>;8=0B)?4=3BF8=C4AB5A><B>DC74A=0=030C7A>D67>DC
C74+)C>C74D;5>0BC0=3#4G82>&A454AA437018C0CB8=2;D345>A4BC
4364B2;40A8=6BC782:4CB0=3<0AB74BF8C7>?4=6A0BBH54438=60A40B
0;B>5>D=38=D=34A6A>FC78=60A34=B0=328CH?0A:B
&=2062@ 29<@=6G.:29<16.
2;4A5%.;42
0:6;
*2645A4<G
*6;4@=.;%.;42
0:
6;
?2216;4'F=2 <;<4.:<B@
?2216;4#<=B9.A6<;*612@=?2.1/B;1.;A
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&A?6=21<?@A?2.821
299F#.AA2?;&<961
?2.@A#.AA2?;&A?6=21<?@A?2.821
&* #&#%%"*
&=.??<D@:/2?6G61.2
4=4A0;)F0<?)?0AA>F)<0;;B?0AA>FF8C7
30A:BCA40:431A>F=D??4A?0ACB6A0HD??4A1A40BC
0=3?0;46A0H508=C;HBCA40:43D=34A?0ACB40370B
ADBC1A>F=20?F8C7?0;4A<4380=BCA8?40=36A0H
5024*74F8=6B0A4ADBC1A>F=F8C71;02:0=3F78C4
BCA40:B0CBB443B8=B42CB&8=:;46B544C
>A068=60=34438=6)F0<?)?0AA>F443B>=
144C;4B0=CB6A0BB7>??4AB2A82:4CB0=3B443B
5>A064B>=C746A>D=3
A4438=60=3$4BC8=6)F0<?)?0AA>F*7A44C>B8G?0;46A44=466B<0A:43F8C7A431A>F=0A4;0838=0
1D;:H2D?=4BC<034>56A0BB;8=43F8C758=4A6A0BB0=31D8;C8=4<4A64=CE464C0C8>=>E4AF0C4A=2D10C8>=
A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=;C4A=0C4BB4E4A0;A0?83F8=6140CBF8C7F8=6B?D;;43C>B834B
(0=640=3018C0C)F0<?)?0AA>FA443B8=0=0300=3C74=>AC74A=
A468>=B>540BC4A=0=324=CA0;+)0=3B?4=3BF8=C4AB8=B>DC740BC4A=
+)0=3#4G82>&A454AA437018C0CB8=2;D345A4B7F0C4A<0AB74B
F4C;0=3B1>6B0=3<0A68=B0;>=6BCA40<B0=3?>=3B0;B>5>D=38=B0;C
<0AB74B
&=2062@ 29<@=6G.42<?46.;.
2;4A5%.;42
0:6;
*2645A4<G
*6;4@=.;%.;42
0:6;
?2216;4'F=2 <;<4.:<B@<<@20<9<;62@
.08#.AA2?;&A?6=21<?@A?2.821
299F#.AA2?;&<961
?2.@A#.AA2?;&=<AA21<?@=208921
<=F?645A 6A05*.6A2?<B=
)&#%&#%%"*
&=.??<D@:/2?6G61.2
4=4A0;,4B?4A)?0AA>F#438D<B?0AA>F
1;02:BCA40:436A0H1A>F=D??4A?0ACBF78C4
D=34A?0ACB0=3BCA40:431A40BC0=3B834B-78C45024
70B1A>F=2744:?0C270=3F78C44H4A8=6-8=6B0A4
6A0H1A>F=F8C7CF>?0;410AB0=3AD5>DBB7>D;34A
?0C274B*08;8B=>C27430=330A:F8C7F78C44364B
>A068=60=34438=6,4B?4A)?0AA>F443B>=
8=B42CB3DA8=6C74BD<<4A0;>=6F8C7B?834AB0=3
>C74AB<0;;8=E4AC41A0C4B0CB<>BC;HB443B8=C74
F8=C4A5>A064B>=C746A>D=3
A4438=60=3$4BC8=6,4B?4A)?0AA>F*F>C>B8G2A40<HF78C4>A?0;46A44=466BF8C71A>F=<0A:8=6B
0A4;0838=02D?>56A0BBF443BC0;:B0=3A>>C;4CB1D8;C8=0B2A0?43>DC6A>D=334?A4BB8>=0=3;8=43F8C7
58=46A0BB0=30=8<0;708A=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1H1>C7?0A4=CB
;867C&0CC4A=;C4A=0C4BB4E4A0;A0?83F8=6140CBF8C7F8=6B?D;;43C>B834B
(0=640=3018C0C,4B?4A)?0AA>FA443B5A><A8C8B7>;D<180
%=C0A8>0=3$>E0)2>C80B>DC7C>24=CA0;0;85>A=80*4G0B*4==4BB44
0=3F4BC4A=$>AC70A>;8=0)?4=3BF8=C4AB=>AC7C>24=CA0;0;85>A=80
%:;07><0$4F 4AB4H0=3">=6B;0=3>D=38=2D;C8E0C43584;3B
6A0BB;0=3B0=350;;>F584;3BF8C7039024=C50A<430A40B
&=2062@#<<202A2@4?.:6;2B@
.08#.AA2?;&A?6=21<?@A?2.821
2;4A5%.;42
0:6;
299F#.AA2?;&<961
*2645A4
<G
?2.@A#.AA2?;&A?6=21<?@A?2.821
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;(;0<::<;A<3.6?9F0<::<;
6?1@<3<96C.?#2;6;@B9.
*'%"*!&#%%"*
&=.??<D@:/2?6G61.2
4=4A0;-78C42A>F=43)?0AA>F#438D<B8I43
B?0AA>FF8C71A>F=BCA40:43D??4A?0ACBB<0;;F78C4
C7A>0C?0C270=3?;08=6A0HD=34A?0ACB*74F78C4
2A>F=70B38BC8=2C1;02:;8=4B-8=6B0A41A>F=F8C7
CF>?0;410AB)7>AC5;867CB0;C4A=0C4BA0?83F8=6
140CBF8C71A845?4A8>3B>5C74F8=6B?D;;43C>B834B
>A068=60=34438=6-78C42A>F=43)?0AA>F84C
8=2;D34BB443B1D3B6A0BB5AD8CB0=38=B42CB
>A064B>=C746A>D=31HB2A0C278=6>A6;40=B5>>3
5A><E464C0C8>=
A4438=60=3$4BC8=6-78C42A>F=43)?0AA>F*F>C>B8G;867C1;D4>A6A44=466B<0A:43F8C7A431A>F=
0A4;0838=01D;:H2D?>510A:BCA8?B6A0BB0=3CF86B;8=43F8C76A0BB0=3708A0=31D8;C>=02;D<?>56A0BB
>A<>BB>A8=01DB7>A;>FCA44D?C>544C01>E4C746A>D=3=2D10C8>=A0=64B5A><C>30HB0=38B
20AA843>DC1HC7454<0;4A08B4BD?C>1A>>3B?4AH40A8=C74B>DC7
;867C&0CC4A=)7>AC5;867CBF87A0?83F8=6140CB;C4A=0C4BB4E4A0;A0?83F8=6140CBF8C7F8=6B3A0F=C>
B834B
(0=640=3018C0C-78C42A>F=43)?0AA>FA443B5A><;0B:00=3
#0=8C>1040BCC>"01A03>A0=3$4F5>D=3;0=30=3B>DC78=C>C74F4BC4A=
<>D=C08=BC>=>AC74A=$4F#4G82>0=324=CA0;0;85>A=80)?4=3B
F8=C4AB=>AC7C>B>DC74A=;0B:0307>!0=B0B!4=CD2:H0=3
#0AH;0=3&A454AA43=4BC8=67018C0CB8=2;D3434=B41ADB74B?4280;;H=40A
>?4=6A0BB;0=3BDA8=6F8=C4A>22DAB8=>?4=F>>3B0=360A34=B
&=2062@-<;<A?6056.92B0<=5?F@
2;4A5%.;42
0:6;
*2645A4
<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@
?2216;4#<=B9.A6<;<::<;A<3.6?9F0<::<;
.08#.AA2?;&A?6=21<?@A?2.821
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
*''%"'&#%%"*
&=.??<D@:/2?6G61.2
4=4A0;-78C4C7A>0C43)?0AA>F#438D<B8I43
B?0AA>FF8C7ADBC1A>F=BCA8?43D??4A?0ACB
2>=B?82D>DBF78C4C7A>0C0=3?;08=6A0HD=34A?0ACB
40370B1;02:0=3F78C4BCA8?432A>F=0=3H4;;>F
B?>CB14CF44=4H4B0=318;;)7>AC5;867CB0;C4A=0C4B
A0?83F8=6140CBF8C7F8=6B?D;;43C>B834B
>A068=60=34438=6-78C4C7A>0C43)?0AA>F
443B>=B443B0=38=B42CBB2A0C274B=>8B8;HF74=
5>A068=6C7A>F8=60B834;405;8CC4A8=B40A27>55>>3
0CB;4051D3B>5>0:<0?;40=32A010??;4CA44B8=
40A;HB?A8=6
A4438=60=3$4BC8=6-78C4C7A>0C43)?0AA>F*7A44C>B8G2A40<HF78C41;D4>A6A44=466BF8C7A43
1A>F=<0A:8=6B0A4;0838=02D?=4BC<034>52>0AB46A0BBCF86B0=3?8=4=443;4B0=3;8=43F8C758=4
6A0BBA>>C;4CB0=3344A708A=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=;C4A=0C4BB4E4A0;A0?83F8=6140CBF8C7F8=6B?D;;43C>B834B
(0=640=3018C0C-78C4C7A>0C43)?0AA>FA443B5A><#02:4=I84
24=CA0;'D41420=3$4F5>D=3;0=3B>DC7C>$>AC70:>C0-8B2>=B8=
0=3&4==BH;E0=80)?4=3BF8=C4AB8=<D27>540BC4A=+)0=38=B<0;;
=D<14AB8=B>DC7F4BC4A=BC0C4B$4BCB8=1ADB7H>AB4<8>?4=<8G43
F>>3BF8=C4AB>=F>>3;>CBB2AD1;0=3B60A34=B0=3102:H0A3B
A4@D4=C;HE8B8CB18A354434AB
&=2062@-<;<A?6056..9/60<996@
2;4A5%.;42
0:6;
*2645A4<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&A?6=21<?@A?2.821
299F#.AA2?;&<961
?2.@A#.AA2?;&A?6=21<?@A?2.821
(%"&
.?16;.9@.;1?<@/2.8@.?16;.961.2
4=4A0;;D4A>B140:"0A6458=271A867C
?DA?;41;D41>3H1;02:50240=3CF>F8341A>F=
F8=610AB0A:F8=6BC08;>?B>=6A>D=3C>5>A064
;40=B5A><1DB74BF443B0=3CA44B443B>=
8=B42CBB=08;B6A08=BB443B0=35AD8CB)F85C5;867C
0;C4A=0C4BA0?83F8=6140CBF8C7F8=6B?D;;43C>B834B
>A068=60=34438=6;D4A>B140:84C2>=B8BCB
<>BC;H>58=B42CB0=3B443B6;40=435A><C746A>D=3
>220B8>=0;;H40CB5AD8CB;>2:BB><4C8<4B54438=
6A08=584;3B>A6A0BB;0=3B145>A4<86A0C8>=
A4438=60=3$4BC8=6;D4A>B140:*7A44C>58E4;867C1;D4466BB><4C8<4B<0A:43F8C71A>F=0A4;083
8=0;>>B42D?>56A0BBF443BC4<B0=3;40E4B2>=240;438=02;D<?>5F443B=2D10C8>=A0=64B5A><C>
30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=)F85C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0C;D4A>B140:A443B5A><0;85>A=80>;>A03>
#8BB>DA8;;8=>8B0=3$4F 4AB4HB>DC7F0A30=3B?4=3BF8=C4AB8=C74
CA>?82B&A454AA437018C0CB8=2;D341ADB7H<>8BC?0BCDA4B0=3A>03B834
C782:4CB
&=2062@B6?.0.0.2?B92.
2;4A5%.;42
0:6;
*2645A4
<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;(;0<::<;A<3.6?9F0<::<;
.08#.AA2?;&A?6=21<?@A?2.821
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
&&
.?16;.9@.;1?<@/2.8@.?16;.961.2
4=4A0;82:28BB4;#438D<BC>2:HB?0AA>F;8:4
18A3F8C730A:6A0H102:74030=31;02:BCA40:43
B7>D;34ABA0H5024H4;;>F4H4BCA8?40=31A40BC
,B70?431818B1;02:0=3D=34A?0ACB0A4F78C4
-8=6B0A41A>F=443B>=6A08=BB443B0=38=B42CB
;C4A=0C4BA0?83F8=6140CBF8C7F8=6B?D;;43C>
B834B
>A068=60=34438=682:28BB4;443B>=B443B
6A0BB0=38=B42CBH>D=64A18A3B2>=BD<4<>A4
8=B42CB
A4438=60=3$4BC8=682:28BB4;*7A44C>58E4?0;41;D4466B0A4;0838=02D?>5?;0=CBC4<B0=36A0BBB4C
>=>A=40AC746A>D=3DBD0;;H8=0584;3=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC74
54<0;4
;867C&0CC4A=(0?83;H140C8=6F8=6B
(0=640=3018C0C82:28BB4;A443B5A><40BC4A=#>=C0=00=3C74
A40C"0:4BA468>=B>DC7C>*4G0B0=3C74D;52>0BC;>20;;H50AC74A40BC
)?4=3BF8=C4AB<08=;H8=C74CA>?82B&A454AA437018C0CB8=2;D34>?4=
2>D=CAH8=6A08=>A70H584;3B0=38=F443?0C274B
&=2062@&=6G..:2?60.;.
2;4A5%.;42
0:6;
*2645A4
<G
*6;4@=.;%.;420:
6;
?2216;4'F=2#<9F4.:<B@
?2216;4#<=B9.A6<;<::<;A<./B;1.;A
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&A?6=21<?@A?2.821
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
!"(!'!
.?16;.9@.;1?<@/2.8@.?16;.961.2
4=4A0;=386>D=C8=6)<0;;58=27F8C71A8;;80=C
0;<>BC8A834B24=C1;D4?;D<064A>F=8B30A:4A1;D4
F8C70?DA?;4C8=C-8=6B0=3C08;0A41;02:F8C71;D4
4364B443B>=8=B42CB;0AE046A08=BB443B14AA84B
)7>AC5;867CB;>F>E4AE464C0C8>=0;C4A=0C4BA0?83
F8=6140CBF8C7F8=6B?D;;43C>B834B
>A068=60=34438=6=386>D=C8=6443B>=
B443B5>A1B1D3B8=B42CB0=314AA84B5>A064B8=
CA44BB7AD1B0=3>=C746A>D=3
A4438=60=3$4BC8=6=386>D=C8=6*7A44>A5>DAF78C4C>;867C1;D4466BB><4C8<4BF8C71A>F=>A
?DA?;4B?>CC8=60A4;0838=02><?02CF>E4=2D?>5;40E4B0=36A0BB1D8;C8=0B0?;8=6>A1DB78=A4;0C8E4;H
C782:E464C0C8>=DBD0;;HF8C78=054F544C>5C746A>D=3=2D10C8>=A0=64B5A><C>30HB0=38B20AA843
>DC1HC7454<0;4
;867C&0CC4A=)7>AC5;867CBF87A0?83F8=6140CB
(0=640=3018C0C=386>D=C8=6A443B5A><B>DC740BC4A=
)0B:0C274F0=40BCC>$4FAD=BF82:0=3B>DC7C>24=CA0;A8I>=0
24=CA0;*4G0BC74D;52>0BC0=3=>AC74A=;>A830)?4=3BF8=C4AB8=
B>DC74A=;>A8300=38=C74CA>?82B&A454AA437018C0CB8=2;D341ADB7H
B;>?4B010=3>=4350A<;0=3B>;3?0BCDA4B0=3584;3B6A>F=C>B2AD1
F>>3;0=32;40A8=6B0=35>A4BC4364B039024=CC>584;3B
&=2062@#.@@2?6;.0F.;2.
2;4A5%.;42
0:6;
*2645A
4<G
*6;4@=.;%.;420:6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;.6?9F0<::<;A<0<::<;
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
!"%'%!%!
.?16;.9@.;1?<@/2.8@.?16;.961.2
4=4A0;$>AC74A=0A38=0;"0A642A4BC4358=27F8C7
E8E83A431>3H;02:<0B:0=3278=2>=CA0BCF8C7
740EHA4318;;>A064B>=6A>D=30=38=CA44B0=3
1DB74B443B>=B443B6A08=B5AD8CB8=B42CB0=3
B=08;B>?B8=BC403>5F0;:B>=6A>D=3;C4A=0C4B
A0?83F8=6140CBF8C7F8=6B?D;;43C>B834B
>A068=60=34438=6$>AC74A=0A38=0;0CBB443B
8=B42CB5AD8CB0=3B=08;B5>A064B8=CA44B1DB74B0=3
>=C746A>D=3
A4438=60=3$4BC8=6$>AC74A=0A38=0;*7A44C>5>DA?0;46A44=1;D4>A6A0H466BF8C76A0H?DA?;40=3
1A>F=<0A:B0A4;0838=0=4BC<034>5CF86BF443B6A0BB10A:BCA8?B0=3;40E4B$4BC8B;8=43F8C7708A
0=36A0BB0=31D8;C8=0;>FCA44>A1DB7>AB4C8=C0=6;43CF86B>AE8=4BDBD0;;H;4BBC70=544C01>E4C74
6A>D=3=2D10C8>=A0=64B5A><C>30HB0=38=20AA843>DC<>BC;H1HC7454<0;4
;867C&0CC4A=;C4A=0C4BB4E4A0;A0?83F8=6140CBF8C7F8=6B?D;;43C>B834B)7>AC5;867C9DBC01>E4
E464C0C8>=>A14;>F20=>?H
(0=640=3018C0C$>AC74A=0A38=0;(4B834=C8=40BC4A=+)0=3
<D27>5#4G82>&A454AA437018C0CB8=2;D345>A4BC4364B;>F;0=3B0=3
BD1DA10=0A40B
&=2062@.?16;.96@0.?16;.96@
2;4A5%.;42
0:6;
*2645A4
<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;/B;1.;A
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
#!'(!'!
.?16;.9@.;1?<@/2.8@.?16;.961.2
4=4A0;&08=C43D=C8=640DC85D;<438D<1D=C8=6
F8C71A>=I46A44=102:0=31A867CA43AD<?0=3
D=34A?0ACB4030=3=0?40A41;D4(434H4A8=6
-8=6B0A430A:F8C76A44=B7>D;34A?0C274B443B>=
B443B8=B42CB0=320C4A?8;;0AB)7>AC;>F5;867C
;C4A=0C4BA0?83F8=6140CBF8C7F8=6B?D;;43C>
B834B
>A068=60=34438=6&08=C43D=C8=60CB<>BC;H
B443B8=F8=C4A0=38=B42CBB?834AB0=3B=08;B8=
BD<<4A>A064B>=C746A>D=30;B>BCA8?BB4435A><
6A0BBBC0;:B>AB=0C274B8=B42CB5A><B?834AF41B
A4438=60=3$4BC8=6&08=C43D=C8=6*7A44C>58E4;867C1;D4466BF8C7A431A>F=<0A:8=6B0A4;0838=0
2D?=4BC<034>56A0BBBC4<BA>>C;4CB0=310A:BCA8?B;8=43F8C7<>BB0=3708A0=31D8;C=40AC746A>D=38=
01DB7>AB<0;;CA44=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=)7>AC5;867CBF87A0?83F8=6140CB
(0=640=3018C0C&08=C43D=C8=6A443B5A><#8BB>DA80=3$>AC7
0A>;8=0B>DC7C>C74B>DC740BC4A=BC0C4B0=3F4BCC>$4F#4G82>0=3
%:;07><0)?4=3BF8=C4AB5A><C74D;52>0BCBC0C4BB>DC7F0A3
&A454AA437018C0CB8=2;D341ADB7HC0=6;4B74364A>FB1A80A?0C274B
F>>3;0=34364B0=3BF0<?HC782:4CB
&=2062@#.@@2?6;.06?6@
2;4A5%.;42
0:6;
*2645A4<G
*6;4@=.;%.;420:6;
?2216;4'F=2 <;<4.:<B@
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
%"&%&'%"&
.?16;.9@.;1?<@/2.8@.?16;.961.2
4=4A0;(>B41A40BC43A>B140:"0A6458=271;02:
7403102:1A867CA431A40BC0=3F78C4AD<?B834B
14;;H*74F8=6B0A41;02:F8C7F78C4?0C274B01>E4
0=3A43F78C41;02:14;>F">=6B;867C;H=>C2743
1;02:C08;F8C7F78C4?0C274B0CBB443B20C4A?8;;0AB
8=B42CBCA445;>F4AB5AD8CB0=314AA84B
>A068=60=34438=6(>B41A40BC43A>B140:84C
2>=B8BCB>55AD8CBB443B0=38=B42CB>A064B>=C74
6A>D=30;B>7>E4ABF74=6;40=8=65A><5>;8064
A4438=60=3$4BC8=6(>B41A40BC43A>B140:*7A44C>58E4;867C6A44=>A1;D4466BF8C7A431A>F=
<0A:8=6B0A4;0838=0;>>B4;H<034=4BC>5CF86B6A0BB0=3?;0=C5814AB0=3B4C8=0;>FCA441A0=27
=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1H1>C7?0A4=CB
;867C&0CC4A=)F85C38A42C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0C(>B41A40BC43A>B140:A443B5A><=>AC740BC4A=
A8C8B7>;D<180B>DC74A=#0=8C>100=3$>E0)2>C80B>DC7C>B>DC74A=
;14AC024=CA0;$>AC70:>C024=CA0;%:;07><00=3$4F 4AB4H0=38=
C74<>D=C08=B0B50AB>DC70B=>AC74A=4>A6800;B>0A46D;0AE8B8C>A>=
C74F4BC2>0BC0=3F8=C4AB5A><24=CA0;#4G82>C7A>D674=CA0;<4A820
0=38=C>=>AC74A=)>DC7<4A820&A454AA437018C0CB8=2;D34<>8BC
F>>3;0=3B039024=CC>>?4=584;3BF8C7C0;;B7AD1B0=3>;3>E4A6A>F=
>A270A3B
&=2062@#52B0A60B@9B1<C606.;B@
2;4A5%.;42
0:6;
*2645A4
<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
?2216;4#<=B9.A6<;<::<;A<3.6?9F0<::<;
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
' "%"%"
9.08/6?1@.;1"?6<92@0A2?61.2
4=4A0;0;C8<>A4%A8>;4)<0;;>A8>;4<>BC;H1A867C
>A0=64F8C71;02:7>>30=3102:-8=6B0A41;02:
F8C7>A0=64B7>D;34A?0C274B0=3BCA>=6;H
F78C443643540C74ABC70C0??40A0B10AB;02:10B4
24=C4A5>A<*B70?43<0A:>=>A0=64C08;)CA>=6
BF85C0=338A42C5;867C>=A0?83F8=6140CB
>A068=60=34438=60;C8<>A4%A8>;4443B
?A8<0A8;H>=20C4A?8;;0AB<>C7B144C;4B0=CB1D6B
B20;48=B42CB0?783B0=3F>>31>A4AB0;B>40CB5AD8CB
60A34=?40B0=35;>F4A=42C0A>A064B1H6;40=8=6
?A4H8=B42CB5A><;40E4B0=3CF86B
A4438=60=3$4BC8=60;C8<>A4%A8>;4>DA1A>F=0=31;02:1;>C2743?0;46A0HF78C4>A1;D4466B0A4
;0838=0=4BCF>E4=5A><;>=6?;0=C5814ABE8=410A:708A0=3B><4C8<4BH0A=;8=43F8C7708AF>>;0=3
58=46A0BB=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=)F85C38A42C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0C0;C8<>A4%A8>;4A443B5A><)0B:0C274F0=0=3
$>E0)2>C80B>DC7C7A>D6740BC4A=*4G0B">D8B80=00=3,8A68=80
)?4=3BF8=C4AB8=;>A8300=3B>DC74A=C;0=C822>0BC&A454AA437018C0CB
8=2;D34>?4=F>>3B0=3B7034CA44B
&=2062@0A2?B@4.9/B9.
2;4A5%.;42
0:6;
*2645A4
<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
""!
9.08/6?1@.;1"?6<92@0A2?61.2
4=4A0;>1>;8=:)<0;;;0A:;8:41;02:18A3
0;;1;02:4G24?C5>A1D55=0?4F78C4AD<?0=3F78C4
F8=6?0C274B*4AC80;B0=3F8=62>E4ACB0A4;8=43
F8C71D55*08;540C74AB0A4B70A?;H?>8=C43"46B0=3
544C0A46A0H0CB20C4A?8;;0AB8=B42CBB443B0=3
6A08=B)CA>=6D=3D;0C8=65;867C
>A068=60=34438=6>1>;8=:=BD<<4A40CB
8=B42CB0=3B443B8=F8=C4A<>BC;HB443B5>A064B>=
C746A>D=30=38=;>FE464C0C8>=
A4438=60=3$4BC8=6>1>;8=:>DAC>B4E4=F78C4466B1;>C2743F8C71A>F=?DA?;40=3;0E4=34A0A4
;0838=02D?>56A0BB;8=43F8C758=4?;0=C<0C4A80;B$4BC8B1D8;C8=06A>D=334?A4BB8>=2>E4A43F8C7C0;;
E464C0C8>=4<0;48=2D10C4B466B5>A01>DC30HB
;867C&0CC4A=)CA>=6D=34E80C8=60=3B;867C;HD=3D;0C8=65;867C>=A0?83;H140C8=6F8=6B
(0=640=3018C0C>1>;8=:A443B5A><B>DC74A=A8C8B7>;D<180
02A>BBB>DC74A=0=030C>$>E0)2>C800=3B>DC7C>40BC4A=%A46>=
24=CA0;>;>A03>24=CA0;;;8=>8BF4BC4A=,8A68=800=3F4BC4A=$>AC7
0A>;8=0)?4=3BF8=C4AB8=B>DC74A=)>DC7<4A820&A454AA437018C0CB
8=2;D34?A08A84B0=3<403>FBBC0HB>=<0AB74B3DA8=6<86A0C8>=
&=2062@<9605<;FE<?FG6C<?B@
2;4A5%.;42
0:6;
*2645A4
<G
*6;4@=.;%.;420:
6;
?2216;4'F=2#<9F4.:<B@
?2216;4#<=B9.A6<;.6?9F0<::<;A<0<::<;
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&A?6=21<?@A?2.821
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
%"!-"*%
9.08/6?1@.;1"?6<92@0A2?61.2
4=4A0;A>=I43>F18A3)<0;;1;02:18A304=4DB
1A>F=1;02:>E4A0;;F8C71;D4B744=>=F8=6B0=3
C08;H4B0A4A430=318;;8B30A:0=3740EH443B>=
8=B42CBB443B0=36A08=B%5C4=5>;;>FB20CC;4C>40C
8=B42CBC70C0A4:82:43D?)F85C38A42C0=3BF>>?8=6
5;867CF8C7A0?83F8=6140CB
>A068=60=34438=6A>=I43>F18A30CB8=B42CB
0=3B443B5>A064B8=5;>2:B>=C746A>D=3B><4C8<4B
CDA=8=6>E4A?411;4B8=B40A27>55>>3
A4438=60=3$4BC8=6A>=I43>F18A3$4BC?0A0B8C40B8=6;4;867C1;D46A44=4668B;0838=4867CC>C4=
=4BCB>5>C74AB?4284B=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC747>BCB?4284B
;867C&0CC4A=)F85CB><4F70CBF>>?8=638A42C5;867C>=A0?83;H140C8=6F8=6B
(0=640=3018C0CA>=I43>F18A3A443B8=A8I>=00;85>A=80
">D8B80=0$4F#4G82>0=3*4G0B
&=2062@ <9<A5?B@.2;2B@
2;4A5%.;42
0:6;
*2645A4<G
*6;4@=.;%.;420:
6;
?2216;4'F=2#?<:6@0B<B@#<9F.;1?<B@
?2216;4#<=B9.A6<;<::<;/BA9<0.9
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
%"*!"*%
9.08/6?1@.;1"?6<92@0A2?61.2
4=4A0;A>F=740343>F18A3)<0;;1;02:18A3
F8C76;>BBH1A>F=7403740EH18;;0=330A:4H4B
*741;02:1>3H70B0508=C6A44=B744=-0;:B>=
6A>D=3C>5>A0640=37>;3BC08;2>2:43>E4A102:
443B>=20C4A?8;;0AB8=B42CBB?834AB5AD8CB6A08=B
0=3B443B)F85C38A42C5;867CF8C7A0?83F8=6140CB
>A068=60=34438=6A>F=740343>F18A30CB
<>BC;HB443B0=30AC7A>?>3B>A064B>=C746A>D=3
1DCB><4C8<4B70F:BB;>F5;H8=68=B42CB
A4438=60=3$4BC8=6A>F=740343>F18A3$4BC?0A0B8C4DBD0;;H>=41A>F=5;42:43;867C1;D44668B
;0838=C74=4BC>50=>C74AB?4284B>518A3B<0=H0BC78ACHB8G466B0A4;083?4A=4BC8=6B40B>==2D10C8>=
A0=64B5A><C>30HB0=38B20AA843>DC1HC747>BC;CA8280;H>D=6DBD0;;H70C2758ABC0=3>DC2><?4C4
7>BCBKH>D=6
;867C&0CC4A=)F>>?8=638A42C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0CA>F=740343>F18A3A443BC7A>D67>DC<D27>5
B>DC74A=0=0300=3C74+))?4=3BF8=C4AB8=24=CA0;0=3B>DC74A=
?0ACB>51A4438=6A0=640BF4;;0B8=;>A830018C0C2>=B8BCB>5
06A82D;CDA0;;0=3B584;3BF>>3;0=34364B0=3BD1DA10=0A40B
&=2062@ <9<A5?B@.A2?
2;4A5%.;42
0:6;
*2645A4
<G
*6;4@=.;%.;420:
6;
?2216;4'F=2#?<:6@0B<B@
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
"
"!%
9.08/6?1@.;1"?6<92@0A2?61.2
4=4A0;><<>=A02:;4#438D<B8I431;02:18A3
F8C7<4C0;;82?DA?;4B744=>=102:7403=42:0=3
1A40BCH4B0A41A867CH4;;>F4=CA0;540C74AB>5
;>=6A>D=343C08;0A4>5C4=;>F4A43C>B7>F:44;43
,B70?4)F85CBCA>=638A42C5;867CF8C7A0?83F8=6
140CB7>;3BC08;5>;3438=0,B70?4F78;45;H8=6
>A068=60=34438=6><<>=A02:;484C
8=2;D34B8=B42CB18A3466B0=3=4BC;8=6B;8I0A3B58B7
5AD8CB0=3B443B
A4438=60=3$4BC8=6><<>=A02:;4>DAC>B4E4=;867C1A>F=>A6A44=466BF8C71A>F=0=3?DA?;4
<0A:8=6B0A4;0838=01D;:H2D?<034>5CF86B6A0BB<D3540C74AB0=3>220B8>=0;;HCA0B7$4BC8B1D8;C8=0
CA44C>544C01>E4C746A>D=3=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=)CA>=6BF85C38A42C5;867C>=A0?83;H140C8=6F8=6B
(0=640=3018C0C><<>=A02:;4(4B834=CC7A>D67>DC;>A830
1A443BC7A>D67>DC$>AC7<4A82040BC>5C74(>2:H#>D=C08=B0=3B>DC7
>5CD=3A0=7018CB584;3BF4C<403>FBDA10=0A40BB7>A4;8=4B0=3
F8;;>FB7AD1;0=3BD?C>C74;>F4ABD10;?8=4
&=2062@$B6@0.9B@>B6@0B9.
2;4A5%.;420:
6;
*2645A
4<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@<9<;6.9
?2216;4#<=B9.A6<;/B;1.;A
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
&'%! "*%
9.08/6?1@.;1"?6<92@0A2?61.2
4=4A0;0BC4A=#403>F;0A:)7>AC6A>D=33F4;;8=6
18A3F8C71D550=31;02:BCA40:431A>F=D??4A?0ACB
40370B1;02:0=3F78C4BCA8?432A>F=F78C45024
1;02:4H4BCA8?40=30?>8=C4318;;*7A>0CC>14;;H8B
H4;;>F1A>031;02:,>=1A40BCA>F=C08;70BF78C4
4364B0=3D=34AC08;2>E4ACB
>A068=60=34438=60BC4A=#403>F;0A:443B
<>BC;H>=8=B42CB0=3>C74A8=E4AC41A0C4B0;B>40CB
B443B0=314AA84B>A064B>=C746A>D=358=3B5>>3
1H60?8=65>A281;H>?4=8=618;;8=B>8;>A8=?;0=C
BC0;:BC>4G?>B478334=?A4H
A4438=60=3$4BC8=60BC4A=#403>F;0A:*7A44C>B4E4=?0;4?8=:466BF8C71A>F=0=3;0E4=34AB?>CB
0A4;0838=0=4BC<034>53A8436A0BB?8=4=443;4B7>AB4708A0=3?;0=CBC4<B=4BC8B3><43B70?43F8C70
B8344=CA0=240=31D8;C>=C746A>D=38=0<403>F2A>?584;3>AF443H>A270A3=2D10C8>=A0=64B5A><
C>30HB0=38B20AA843>DC1H1>C7?0A4=CB
;867C&0CC4A=)4E4A0;A0?83F8=6140CB5>;;>F431H06;834
(0=640=3018C0C0BC4A=#403>F;0A:A443B5A><B>DC740BC4A=
0=030C7A>D6740BC4A=+)F4BCC>A8I>=0A4B834=C8=C74070<0B
0=3#4G82>)?4=3BF8=C4AB<>BC;HF8C78=1A4438=6A0=64&A454AA43
7018C0CB8=2;D34?0BCDA4B<403>FB6A0BBH584;3B?A08A84B>?4=2>D=CAH
0=32>D=CAHA>03B834B%5C4=B44=B8=68=65A><54=24?>BCB>ADC8;8CH
F8A4B
&=2062@&AB?;299.:.4;.
2;4A5%.;420:
6;
*2645A
4<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&A?6=21<?@A?2.821
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
%''%
9.08/6?1@.;1"?6<92@0A2?61.2
4=4A0;A40CC08;43A02:;4"0A641;02:18A3
8A834B24=C1;02:1>3H0=3?DA?;4B744=.4;;>F4H4B
">=6:44;43C08;-0;:B>=6A>D=3F034B8=F0C4AC>
5>A0640CBB=08;B8=B42CB5A>6BB7A8<?B<0;;58B7
0=318A3B466B0=3H>D=6>5>C74A18A3B5AD8CB
14AA84BB443B0=36A08=B)CA>=638A42C5;867C
>A068=60=34438=6A40CC08;43A02:;4443B>=
8=B42CBF>A<BB<0;;E4AC41A0C4B8=2;D38=6C03?>;4B
B<0;;58B70=3;8I0A3B?;0=C<0CC4A0=360A1064
>A064BF78;4F0;:8=6>=C746A>D=30=3F038=68=
F0C4A0;B>BC40;B5>>35A><>C74A18A3B
A4438=60=3$4BC8=6A40CC08;43A02:;4*7A44C>5>DA;867C1;D4C>6A0H466BF8C7A43?DA?;4<0A:8=6B
0A4;0838=0=4BC<034>56A0BB10A:0=3F443B0=31D8;C8=0?0;<>AB7034CA44=40AF0C4A=2D10C8>=
A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=)CA>=6BF85C38A42C5;867C>=A0?83;H140C8=6F8=6B
(0=640=3018C0CA40CC08;43A02:;4(4B834=C5A><0;85>A=80
>;>A03>!0=B0B0=3F4BC4A=">D8B80=0B>DC7F0A3&A454AA437018C0CB
8=2;D34>?4=0A40BF8C7B20CC4A43CA44B2D;C8E0C430A40B<0AB74B?0A:B
0=30A40B0A>D=37D<0=7018C0C8>=
&=2062@$B6@0.9B@:2E60.;B@
2;4A5%.;420:
6;
*2645A
4<G
*6;4@=.;%.;420:
6;
?2216;4'F=2#<9F4.:<B@<9<;6.9
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
"%%"%"
9.08/6?1@.;1"?6<92@0A2?61.2
4=4A0;%A270A3%A8>;4)<0;;>A8>;41;02:7403
102:C08;0=3274BC=DC>A0=64B7>D;34A?0C274B
D=34A?0ACBAD<?-8=6B0A41;02:F8C7B8=6;41A>03
F78C410A5;867C540C74AB70E4F78C44364B443B>=
8=B42CB5AD8CB14AA84B=42C0A0=35;>F4AB)F85C
38A42C5;867C>=A0?83F8=6140CB
>A068=60=34438=6%A270A3%A8>;4443B>=
8=B42CB=42C0A5;>F4AB0=35AD8CB
A4438=60=3$4BC8=6%A270A3%A8>;4*7A44C>B4E4=?0;41;D4>A6A0H466BF8C76A0H?DA?;4>A1A>F=
B?>CB0A4;0838=0F>E4=?>D27>56A0BB;8=43F8C7?;0=C3>F=$4BC8B0CC02743C>05>A:8=0CA44>A1DB7
=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=)F85C38A42C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0C%A270A3%A8>;4A443B5A><B>DC74A=?0ACB>5C74
0=0380=?A08A84?A>E8=24BB>DC74A=%=C0A8>24=CA0;$4F.>A:0=3
B>DC74A=$4F=6;0=3B>DC7C>=>AC74A=;>A830C74D;52>0BC*4G0B
0=324=CA0;#4G82>)?4=3BF8=C4AB8=4=CA0;<4A8200=3=>AC7F4BC4A=
)>DC7<4A820=7018CB>?4=F>>3;0=3B0A40B>5>?4=B42>=36A>FC7
>A270A3BBD1DA10=BCA44CBA8?0A80=0A40B0=3B20CC4A436A>E4B>5CA44B
&=2062@0A2?B@@=B?6B@
2;4A5%.;42
0:6;
*2645A4<G
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@&<96A.?F;2@A2?
<<@20<9<;62@
?2216;4#<=B9.A6<;<::<;A<3.6?9F0<::<;
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
%*!%
9.08/6?1@.;1"?6<92@0A2?61.2
4=4A0;(43F8=643;02:18A3)<0;;1;02:18A3F8C7
94C1;02:1>3H0=31A867CA43B7>D;34A?0C274B43643
F8C7H4;;>F>=1>CC><(D=B>A7>?BF78;45>A068=6
>=C746A>D=30CBB443B6A08=B14AA84B5AD8CB
8=B42CB20C4A?8;;0ABB?834ABB=08;B6AD1B0=3
<>;;DB:B)CA>=638A42C5;867C>=A0?83F8=6140CB
>A068=60=34438=6(43F8=643;02:18A3443B
>=8=B42CBB<0;;5AD8CBB443BF0BC46A08=0=3B<0;;
0@D0C828=E4AC41A0C4B(D=B>A7>?BF78;45>A068=6>=
C746A>D=3;C7>D67A460A3430B0?4BC1420DB48C
40CB6A08=8=2D;C8E0C43584;3BC7450A<4A0;B>14=458CB
5A><2>=BD<?C8>=>570A<5D;8=B42CB
A4438=60=3$4BC8=6(43F8=643;02:18A3*7A44C>58E4?0;41;D46A44=466B<0A:43F8C730A:1A>F=
0=3?DA?;40A4;0838=0F4;;<0342D?>5<0AB76A0BB>AA443B0=30CC02743C>4<4A64=CE464C0C8>=>A1D8;C8=
0<0AB7B7AD1=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=)CA>=638A42C5;867CF8C7344?A0?83F8=6140CB8B?;0H8=6<0;4B5;HF8C7B;>FBC855B70;;>F
F8=6140CBF8C74?0D;4CC4BA08B43
(0=640=3018C0C(43F8=643;02:18A3A443B5A><;0B:040BC
02A>BB0=030C>$4F5>D=3;0=30=3B>DC7C>=>AC74A=0900;85>A=80
24=CA0;#4G82>C74D;5>0BC0=3;>A830)?4=3BF8=C4ABA46D;0A;H
02A>BBC74+)=>AC7C>A8C8B7>;D<180A40C"0:4B0=3&4==BH;E0=80
&A454AA437018C0CB8=2;D345A4B70=3B0;CF0C4A<0AB74BA824?03384BB4364
<403>FB0;50;50584;3B0=3>C74A2A>?;0=3B
&=2062@429.6B@=5<2;602B@
2;4A5%.;42
0:6;
*2645A4<G
*6;4@=.;%.;420:
6;
?2216;4'F=2<9<;6.9&<:2=<9F4.:<B@
?2216;4#<=B9.A6<;/B;1.;A
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
,"*%
9.08/6?1@.;1"?6<92@0A2?61.2
4=4A0;.4;;>F740343;02:18A3#438D<B8I43
1;02:18A3F8C71;02:1>3H1A867CH4;;>F7>>30=3
1A40BC0=338BC8=2CF78C4F8=6?0C274B8;;;46B0=3
544C0A41;02:>A064B8=;>FE464C0C8>=0=3>=C74
6A>D=3443B>=8=B42CB;0AE04B=08;BB443B0=3
6A08=B)CA>=638A42C5;867C>=A0?83F8=6140CB
>A068=60=34438=6.4;;>F740343;02:18A3
84C2>=B8BCB>5144C;4BF44E8;B6A0BB7>??4AB
3A06>=5;84BB?834AB0=CB0=3B443B>5?0=826A0BB
A06F443B<0ACF4430=3?86F443>A064B8=;>F
E464C0C8>=0=3>=C746A>D=3<0H70F:8=B42CB8=
C7408A
A4438=60=3$4BC8=6.4;;>F740343;02:18A3*7A44C>58E430A:<0A:43?0;46A0H>A6A44=466B0A4;083
8=01D;:H344?10B:4C=4BCF>E4=8=C>4<4A64=CE464C0C8>=>E4AF0C4A$4BC8B<034F8C7F4CE464C0C8>=
F7827C867C4=B0B8C3A84B=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC1HC7454<0;4
;867C&0CC4A=8A42C5;867CF8C7A0?83F8=6140CB
(0=640=3018C0C.4;;>F740343;02:18A3A443B5A><24=CA0;
A8C8B7>;D<180=>AC74A=;14AC00=3-8B2>=B8=B>DC7C>B>DC74A=
0;85>A=80=>AC74A=$4F#4G82>0=3;;8=>8B)?4=3BF8=C4AB8=
B>DC74A=+)0=3=>AC74A=#4G82>$4BCB8=5A4B7F0C4A<0AB74B3DA8=6
<86A0C8>=0=3F8=C4A?A454AB>?4=2D;C8E0C43;0=3B584;3B0=3?0BCDA4B
&=2062@+.;A5<02=5.9B@E.;A5<02=5.9B@
2;4A5%.;420:
6;
*2645A4<G
*6;4@=.;%.;420:
6;
?2216;4'F=2#<9F4.:<B@<9<;6.9
6?1@<3<96C.?#2;6;@B9.
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
%!"!
6;052@?6;469961.2
4=4A0;<4A820=>;358=27)<0;;=>8BH58=27
#0;470B01A867CH4;;>F1>3H1;02:20?F8=6B0=3
C08;0=3F78C4AD<?0=3D=34AC08;2>E4ACB-8=6B
70E45;0B7HF78C4?0C274B0=31A867CH4;;>FB7>D;34A
10A8;;8B2>=820;+=3D;0C8=65;867C0;C4A=0C4B
B4E4A0;A0?83F8=6140CBF8C7F8=6B?D;;43C>B834B
>A068=60=34438=6<4A820=>;358=27443B
?A8<0A8;H>=B443B?A454AB70=68=6>=C>B4437403B
A0C74AC70=54438=6>=C746A>D=3
A4438=60=3$4BC8=6<4A820=>;358=27>DAC>B8G?0;41;D4C>F78C41;D4466B0A4;0838=0F4;;<034
2D?>56A0BB10A:BCA8?B0=3?;0=C3>F=0=31D8;C8=0B<0;;B0?;8=6>AB7AD1=2D10C8>=CH?820;;HA0=64B
5A><C>30HB0=38B20AA843>DC1HC7454<0;4<0;45443B74A>=C74=4BC
;867C&0CC4A=+=3D;0C8=65;867C)4E4A0;A0?83F8=6140CB0=3C74=0?0DB4
(0=640=3018C0C<4A820=>;358=27A443B5A><B>DC74A=A8C8B7
>;D<18040BCC>$4F5>D=3;0=30=3B>DC7C>0;85>A=80+C07B>DC74A=
>;>A03>24=CA0;%:;07><0A:0=B0B0=3C740A>;8=0B)?4=3BF8=C4AB
C7A>D67>DC<D27>5+)?A454AB1ADB7HC782:4CBF443H6A0BB;0=3B0=3
=40A1HCA44B
&=2062@.?1B296@A?6@A6@
2;4A5%.;42
0:6;
*2645A
4<G
*6;4@=.;%.;420:6;
?2216;4'F=2 <;<4.:<B@
?2216;4#<=B9.A6<;2096;6;4@9645A9F
.08#.AA2?;&<961
299F#.AA2?;&<961
?2.@A#.AA2?;&<961
<=F?645A 6A05*.6A2?<B=
"(&&#%%"*
"91*<?91&=.??<D@#.@@2?61.2
4=4A0;>DB4)?0AA>F#438D<B8I43BC>2:H
B?0AA>FF8C71;02:BCA40:431A>F=D??4A?0ACB0=3
?0;46A0HD=34A?0ACB-8=6B0A41A>F=F8C7B8=6;4
F78C410A744:B0=32A>F=0A4?0;46A0H
2>=CA0BC8=6F8C71;02:C7A>0CD??4A1A40BC0=318;;
"46B0A4B7>AC4A0=31;02:18;;8BC782:4AC70=8=
=0C8E4B?0AA>FB
>A068=60=34438=6>DB4)?0AA>F84C2>=B8BCB
>58=B42CBB443B0=35AD8CB5>A064B>=C746A>D=38=
CA44B0=3B7AD1BDBD0;;H8=DA10=0=3ADA0;0A40B
A4438=60=3$4BC8=6>DB4)?0AA>F*7A44C>B4E4=1;D4>A6A44=466BB?>CC43F8C76A0H0=31A>F=0A4
;0838=0;>>B4=4BC<034>56A0BB540C74ABBCA8?B>5?0?4ABCA8=60=3B8<8;0A341A8B0=31D8;C8=0
<0=<034>A=0CDA0;20E8CH0;B>=4BCB8=18A31>G4B=2D10C8>=A0=64B5A><C>30HB0=38B20AA843>DC
<>BC;H1HC7454<0;4
;867C&0CC4A=)F85C1>D=38=65;867C;C4A=0C4BB4E4A0;A0?83F8=6140CBF8C71A845?4A8>3B>5F8=6B?D;;43
C>B834B
(0=640=3018C0C>DB4)?0AA>F$0C8E4C>A8C08==>AC74A=
)20=38=0E800=3=>AC74A=)814A80C>=>AC74A=5A820A0180=3800=3
DA<0=CA>3D2430=34BC01;8B743F>A;3F8344G24?C8==C0A2C820
A4B834=CC7A>D67>DCC4<?4A0C4$>AC7<4A820&A454AA437018C0CB8=2;D34
28C84BC>F=B0=306A82D;CDA0;0A40B
&=2062@#.@@2?1<:2@A60B@
.08#.AA2?;&A?6=21<?@A?2.821
2;4A5%.;42
0:6;
299F#.AA2?;&<961
*2645A4
<G
?2.@A#.AA2?;&<961
*6;4@=.;%.;420:
6;
?2216;4'F=2 <;<4.:<B@&<:2=?<:6@0B<B@
?2216;4#<=B9.A6<;*612@=?2.1/B;1.;A
6?1@<3<96C.?#2;6;@B9.
Copyright © 2005, 2006 by Mitch Waite Group
All Rights Reserved
For information about permission to reproduce selections from this book,
please email to Permissions, Mitch Waite Group at
admin@whatbird.com
Visit our web site at www.whatbird.com
First Printing January 2006
RESALE OF THIS BOOK IS STRICTLY FORBIDDEN
Published by
Mitch Waite Group
160 C Donahue Street, Suite 226
Sausalito, CA 94965
(415) 888 3233
PRINTED IN THE UNITED STATES OF AMERICA
i
Credits and Contributors
Publisher
Mitchell Waite Computer book author, publisher, web designer, entrepreneur is best known
for writing numerous books on programming and computer technology, as well as innovative titles published by Waite Group Press in the areas of multimedia, fractals, biofeedback,
nanotechnology, and virtual reality. Mr. Waite sold his publishing company to Simon and
Schuster in 1996. His web site www.mitchwaite.com provides a glimpse into some of his
accomplishments.
Authors and Ornithologists
David Lukas David Lukas David has been an avid birder for over 25 years, during which
time he has worked on field research projects in Borneo, Peru, Central America, and every
western state. As a professional naturalist, he has led hundreds of birding tours, classes, and
programs, many of these in the last 3 years with his partner Simone Whitecloud. David is
also the author of “Wild Birds of California”, “Watchable Birds of the Great Basin”, the
newly revised “Sierra Nevada Natural History”, as well as many magazine articles. His weekly
column Field Guide appears in the Los Angeles Times newspaper.
Simone Whitecloud A native of New Orleans, Simone Whitecloud moved to the Bay Area
in 1996 to obtain a degree in biology from the University of San Francisco. As a freelance
naturalist, Simone leads nature walks and teaches workshops for many organizations such as
Point Reyes Field Seminars, Yosemite Association, and the National Park Service. She is also
on the faculty at the College of Marin.
Gary Owen Dick Born in Covington, Louisiana in 1956, Dr. Dick received his B.S. and
M.S. degrees from Southeastern Louisiana University and Ph.D. from the University of Mississippi. He currently works as an aquatic restorationist and naturalist at the Institute of
Applied Sciences, University of North Texas.
Nataliya Kovalenko Graduated from the University of Kiev-Mohyla Academy. She has over
10 years experience as a freelance writer and translator.
Artists and Designers
Yury Anatolievich Lisyak Born in Dnepropetrovsk, Ukraine, in 1962. Mr. Lisyak received
his B. S. Degree from Dnepropetrovsk National University. He currently works as a freelance
artist, graphic designer and illustrator.
Irina Sergeevna Rud-Volga Born in Dnepropetrovsk, Ukraine, in 1983 Ms. Rud-Volga received her B.S. from Dnepropetrovsk National University. She currently is continuing her
studies to obtain a M.S. degree.
Samira Viktorovna Belous Born in Dnepropetrovsk, Ukraine, in 1981 Ms. Belous received her B.S. from Dnepropetrovsk Art College. She currently is continuing her studies at
Dnepropetrovsk National University to obtain a M.S. degree
ii
WAITE CUSTOM GUIDES
FEATURES OF THIS GUIDE
‹ Extensive ID information
‹ Full page color illustrations
‹ Detailed range maps
‹ PDF Table of Contents hyperlinks
‹ Each bird on one full page
David Lukas has been an
avid birder for over 25 years
leading hundreds of birding
tours and classes. He is the
author of Wild Birds of California, Watchable Birds of the
Great Basin, and the newly
revised Sierra Nevada Natural
History.
Unlike most field guides with postage stamp sized photos, WhatBird guides contain
full-page color illustrations of each bird along with the most important identification
and behavior information. The book also details the bird’s behavior, including foraging, breeding, nesting, vocalization, and migration. Organized into families with each
family color coded at the top of the page, there are two tables of contents, one arranged
by family name, the other by common name.
All information contained in this field guide is derived from the WhatBird database
found at http://www.whatbird.com. This database includes a state of the art parametric
search engine that allows identification of any one of over 800 bird species or variations found in North America with just a few clicks. There is also a bird forum where
our ornithologists will help you identify birds that you cannot find with the search
engine.
FIND YOUR BIRD
AT
WHATBIRD.COM
Published by
Mitch Waite Group
160 C Donahue Street, Suite 226
Sausalito, CA 94965
(415) 888 3233

Similar documents

18 - The Community Voice

18 - The Community Voice C4;L? <->@ ;2 I%8-E- %1@1L?J />1C @4-@ ?1@? A< /-9< >18535;A?8E 1-/4 E1-> -@ A>:5:3 "-: %8-E- %1@1 5? %1::3>;B5-: %1@1 81D-:01> C4; 5? 5: 45? @4 E1-> -@ @1:05:3 I+1 -/@A-88E 91@ -@ A>:5:3 "-: J ?-5...

More information

14 - The Community Voice

14 - The Community Voice C ?. %8C./< &2/ -3>C :6+88/. 6981 +19 >9 :?> +8 9@/<6+C 98 +7389 96/139 $9+. +8. $928/<> #+<5G= 3>C 9?8-36 ./-3./. &?/= .+C 8312> >9 +.. + ,3-C-6/ 6+8/ >9 >2/ => > A9?6. ,/ +../. >9 >2/ =29<> =...

More information