Read the full report by the Institute of Global Labour and Human

Transcription

Y/"&/+9(DKCJ
B&$6*+
;6/+-'#(Z'+"/56/"
4'#'/+R6
!"#$"%&'(%&)$*+,"-&.#+&)*//(%$&'(%&0(1.2&3"4"2(/5"#$&
!"#$%(&+"&6-$*+,(-&7&8/(7(&9.%.&"2&3"-.%%(22(&0(1.2&:!68360;
,/.+%'-(U'-/1/?(Q%+'R$*+[(,-/19#(\/++*]&%"?(A+*^'R$(;**+1%"/$*+
<#-$,$*$"&'(%&=2(>.2&0.>(*%&.#+&?*5.#&@,AB$;6/+-'#(Z'+"/56/"?(Q%+'R$*+
G'+5%*(;6/_'T?(4'5%*"/-(Q%+'R$*+I;'"$+/-(B3'+%R/
`/+./+/(`+%55#?(B##%#$/"$(Q%+'R$*+
O-/"/(GT93a*>%/a?(4'#'/+R6'+
`+'""/"(Z/9'?(4'#'/+R6(!"$'+"
Y'""%)'+(\/+$%"?(4'#'/+R6(!"$'+"((
!"#$%$&$'()*+(,-*./-(0/.*&+(/"1(2&3/"(4%56$#
78*+3'+-9(:/$%*"/-(0/.*+(;*33%$$''<(
=(,/$'>/9(;'"$'+?(@$6(8-**+?(A%$$#.&+56?(AB(C=DDD(?(EFGFBF
HCIJCDI=@DIDJK@((L((%".*MN5-6+F*+5((L((>>>F5-*./--/.*&++%56$#F*+5
;'"$+*(1'(O#$&1%*#(9(BP*9*(/-(Q'#/++*--*(0*R/-(7;OBQO0<
A/+R'-/(CSD?(;*-*"%/(O-(O#)&'+T*?(U*"/(V
;6%3/-$'"/"5*?(,&/$'3/-/
H(=KDIVSVWIX=XK((L((R**+1%"/R%*"R'/1'-N9/6**F'#
!"#$%&'(&)'*+%*+,
S !"#$%&#'()(*%++($,"(-./01&#
T 23#&.014#(5.66%"7'()+1%89%(:%/;1,8(5<#%0/;,=(18(>.%0#6%+%
U
V
SW
ST
SX
WS
WW
WU
WV
WY
WZ
T[
TV
UT
?,"@#"/(18(>.%0#6%+%'(A%"B18%+19#C(<10;(D,(E%F,"(G1B;0/
)+1%89%(:%/;1,8(18(>.%0#6%+%(!",C.&#C(:,."(A1++1,8(>%"6#80/(%(H#%"($,"(23=,"0(0,(0;#(IJ5J(%8C(*%8%C%
*,"=,"%0#(A,810,"18B(K%/(D#4#"(?,"@#C
5=#%@18B(L".0;(0,(E1#/'(A%//14#(5,&1%+(5#&."107(:"%.C(%0(0;#()+1%89%(:%&0,"7(((
:RUNHUV5REEHGRI0LOOLRQLQ/HJDO:DJHVDQG%HQH¿WV
)+1%89%(:%/;1,8(?,"@#"/(M"B%819#(%(E#B%+(I81,8N(M8+7(0,(F#(:1"#C(0;#(5%6#(O%7P
:DJHVDQG%HQH¿WVDW$OLDQ]D)DVKLRQ)DFWRU\
A%//14#(L%3(Q"#%@/($,"(0;#(*,"".=0()+1%89%(:%/;1,8(:%&0,"7(18(>.%0#6%+%
)CC#8C%
)J(Q%/1&(:,,C(Q%/@#0(18(>.%0#6%+%
QJ()8(M=#8(E#00#"(F7()+1%89%(:%/;1,8(?,"@#"/(
*J(!"#//(*,4#"%B#(,$(E%F,"(!",F+#6/(%0()+1%89%(:%/;1,8
OJ(*,6=%81#/(M.0/,."&18B(0,()+1%89%(:%/;1,8
2J(O,&.6#80/(56.BB+#C(M.0(,$(0;#()+1%89%(:%/;1,8(:%&0,"7
:J()+1%89%(:%/;1,8(*+1#80(*,6=%87(*,80%&0(R8$,"6%01,8
In Memory of Brahm Muther
A lifelong union leader and fighter for social justice
)UDQFLVFRZRUNHGDW$OLDQ]DIRUWKUHHDQGDKDOI\HDUV+HLVRZHG+HKDVWZRGDXJKWHUV¿YHDQGVL[\HDUVROG
!"#$%&$'()*+,*-'.,/$%.#%0'1$2'",0$""2'.3,'45,/6
1
0123!#2
!"#$%%"&'(")*+,-./
!"#$%&&'$(#)*$+*$,"-,$!"#$#%&'()*+,-.&-*+/!(,+
012%3+ZLOO²DVD¿UVWHIIRUW²41*)5-+67889888+51+
5"-+:88+12+&1+;12<-2&ZKRZHUHDEDQGRQHGZKHQWKH
=$#)*>)+?)&"#1*VZHDWVKRSLPSORGHGXQGHUWKHZHLJKW
RILWVRZQPDVVLYHFRUUXSWLRQLQ0DUFK
,Q-DQXDU\HDFKZRUNHUZLOOUHFHLYHDERXWLQDLG,W
LVDVWDUW
7KHRUVRRWKHUODEHOVDQGUHWDLOHUVLQFOXGLQJ0DF\¶V
-&3HQQH\.RKO¶V7KH0HQ¶V:HDUKRXVH1RUGVWURPDQG
:DO0DUWPXVWDOVRVWHSXSWRWKHSODWHWRPDNHWKHVH
ZRUNHUVZKROHDJDLQ7KHZRUNHUVFHUWDLQO\GLGQRWFDXVH
WKHFRUUXSWLRQDQGJUDIWDWWKH$OLDQ]DIDFWRU\ZKLOHWKH
ODEHOVVKRXOGKDYHEHHQPXFKPRUHYLJLODQWDOODORQJ
7KHRWKHUODEHOVVKRXOGIROORZWKHOHDGRI39+(DFK
VKRXOGFRQWULEXWHVRWKDWWKH$OLDQ]DZRUNHUV
FDQEHSDLGDWOHDVWWKHEDFNZDJHVDQGEHQH¿WVWKH\DUH
RZHGDQGGHVSHUDWHO\QHHG
7KHJRDOLVWRUDLVHDPLOOLRQIXQGWRUHLPEXUVHWKH
ZRUNHUVZKRKDYHEHHQUREEHGRIZDJHVVHYHUDQFH
KHDOWKFDUHDQGSHQVLRQEHQH¿WVE\$OLDQ]D¶VRZQHU
%RQJ&KRRQ3DUNDQG*HQHUDO0DQDJHU5XEpQ(QULTXH
5RVDOHV2YDOOHDEHWWHGE\ZLGHVSUHDGFRUUXSWLRQZLWKLQ
WKH*XDWHPDODQ6RFLDO6HFXULW\,QVWLWXWHDQG0LQLVWU\RI
/DERU
6XUHO\WKHRUPRUHPDMRUODEHOVDQGUHWDLOHUVZKRVH
JDUPHQWVKDYHEHHQVHZQDW$OLDQ]DRYHUWKHODVWó
\HDUVFDQDIIRUGWRUHLPEXUVHWKHZRUNHUVIRUWKHZDJHV
DQGEHQH¿WVVWROHQIURPWKHP
+LJKO\UHVSHFWHGDQGNQRZOHGJHDEOH1*2VRQWKH
JURXQGLQ*XDWHPDODLQFOXGLQJWKH&HQWHUIRU6WXGLHV
DQG6XSSRUWIRU/RFDO'HYHORSPHQW&($'(/DQGWKH
$)/&,2¶V6ROLGDULW\&HQWHUIHDUWKDWWKH*XDWHPDODQ
0LQLVWU\RI/DERULVZHDNHQLQJDQGLQDGRZQZDUGVSLUDO
7KH0LQLVWU\RI/DERULVLQFUHDVLQJO\PDUJLQDOUHIXVLQJ
WRFDUU\RXWOHJDOPDQGDWHVRUSRVLWLYHLQLWLDWLYHVWR
HQIRUFHUHVSHFWIRUZRUNHUULJKWV
7KH*RYHUQPHQWRI*XDWHPDODZLWKLWVZHDNODERUODZV
LVDOVRLQFUHDVLQJO\RSHQWRFRUUXSLRQ2QWKHODERUIURQW
WKHUHKDVEHHQQRSURJUHVVWRLPSOHPHQWIXQGDPHQWDO
ZRUNHUULJKWV
7KH86*RYHUQPHQWPXVWUHVSRQGZLWKVHULRXV
VDQFWLRQVHVSHFLDOO\UHJDUGLQJWKHFRUUXSW$OLDQ]D
VZHDWVKRSZKHUHRYHU86ODEHOVDQGUHWDLOHUVVHZHG
FORWKLQJRYHUWKHODVW\HDUVDVZRUNHUVZHUHUREEHGRI
RYHUPLOOLRQLQZDJHVDQGEHQH¿WV
$WOHDVWLWVHHPVWKDWVHYHUDOKLJKHQGODEHOVKDYHKDG
HQRXJKDQGDUHEHJLQQLQJWRTXHVWLRQWKH*XDWHPDODQ
*RYHUQPHQW¶VODFNRIZLOO,WVHHPVWKH*XDWHPDODQ
*RYHUQPHQWKDVIRXQGLWLPSRVVLEOHWR¿QGDQGVHL]H
$OLDQ]DRZQHU%RQJ&KRRQ3DUN¶VDVVHWVDQGZHDOWK
PXFKRILWVWROHQIURPWKHZRUNHUV,WDSSHDUVWKDWWKH
*XDWHPDODQ*RYHUQPHQWLVQRWLQWHUHVWHGLQWKHGHFDGHV
ORQJIUDXGSHUSHWUDWHGE\3DUN
,WLVRYHUQLQHPRQWKVVLQFHWKH$OLDQ]D)DVKLRQIDFWRU\
VKXWGRZQRQ0DUFK6XUHO\LWLVWLPHWKDWWKH
ZRUNHUVUHFHLYHGMXVWLFH
Institute for Global Labour and Human Rights
2
!"#$%&$'($)*#+%',$-.+/0'#%'1*#2$".3%$%4+5'67$.32$"$8
0RUHWKDQ86ODEHOVZHUHVHZQDWWKH$OLDQ]D)DVKLRQVZHDWVKRSLQ*XDWHPDODLQFOXGLQJ
$$)(6$UP\DQG$LU)RUFH([
FKDQJH6HUYLFH
$OIDQL
$PHULFDQ$SSDUHO*OREDO&RUS
%HDOOV)ORULGD
%HGIRUG
%HON
%ODLU&DWDORJXH
%RQ7RQ
%RVFRY¶V
%ULJJV1HZ<RUN
%XUOLQJWRQ&RDW)DFWRU\
&DOYLQ.OHLQ
&DUROH:UHQ,QF
&DWKHULQHV
&DWR&RUS
&KDUORWWH5XVVH
&KDUPLQJ6KRSSHV
'LFNLH¶V
'LOODUG¶V
'UHVVEDUQ
)DVKLRQ%XJ
)LVKPDQ7RELQ/L)XQJ
)UHG0H\HU
+DUYp%HQDUG
+HDUW6RXO
+XGVRQ%D\&RPSDQ\
,NH%HKDU
-&3HQQH\
-0&ROOHFWLRQ
-RQHV$SSDUHO*URXS
-XG\¶V*URXS(PLO\1<36XLWV
.HOOZRRG
.LP5RJHUV
.RKO¶V
.RUHW
/D0DLVRQ
0DF\¶V
0DUVKDOO¶V
:DNH¿HOG¶V
0HLMHU
0LQLNLQ7RJV
1%&1DWLRQDO%URDGFDVWLQJ&RU
SRUDWLRQ
1RUGVWURP
1RUWRQ0F1DXJKWRQ
3HHEOHV
3KLOLSV9DQ+HXVHQ
5RVV6WRUHV
6DJ+DUERU
6WDJH6WRUHV
6WHLQ0DUW
6W\OH&R
7KH0HQ¶V:DUHKRXVH
7RPP\+LO¿JHU
7UDF\(YDQV
7ULEDO
9)2XWOHW
9RQ0DXU
:DO0DUW
:LQQHUV$SSDUHO
3
2<2#=>?@2"7=AA!1B
!%-$45$"3$+6-'4"78/$,+6'9"-4":*$,/;$%$

)URPWKURXJK0DUFKWR
ZRUNHUVPRVWO\LQGLJHQRXV0D\D,QGLDQWRLOHGDWWKH
=$#)*>)+?)&"#1*IDFWRU\LQ&KLPDOWHQDQJR*XDWH
PDOD
2YHUWKHODVW\HDUVWKH$OLDQ]DZRUNHUVZHUHUREEHG
RIRYHUPLOOLRQLQZDJHVDQGEHQH¿WVGXH
5"-@PRVWVLJQL¿FDQWO\KHDOWKDQGSHQVLRQEHQH¿WV
WKURXJKWKH*XDWHPDODQ6RFLDO6HFXULW\,QVWLWXWH
,*66
K12+6DQBQQ+.$)+@)2<'.%+1K+DD8+%-2L-*5

S)M#&"+788T+5)F+U2-)<&VDYHGWKH$OLDQ]DIDFWRU\
DQGPDMRU86ODEHOVPLOOLRQVRIGROODUV

!"#$V.)5-@)$)*+J#*#&52P+1K+S)U12+#&+4P&K.*L'
5#1*)$+)*4+41-&+*15"#*E+51+#@%$-@-*5+V.)5-@)'
$)W&+$)U12+$);&+RULQWHUQDWLRQDOO\UHFRJQL]HGZRUNHU
ULJKWVVWDQGDUGV

)RUORQJ\HDUVWKHODEHOVDQGUHWDLOHUVDW$OLDQ]D
QHYHURQFHVRXJKWWRJXDUDQWHHWKDWIXQGDPHQWDO
ZRUNHUULJKWVVWDQGDUGVZRXOGEHUHVSHFWHG:RUNHUV
KDGQROHJDOULJKWVZKDWVRHYHUDQGHYHU\DWWHPSWWR
RUJDQL]HZDVFUXVKHG
2YHUODEHOVDQGUHWDLOHUV²VRPHRIWKHPSRZHU
KRXVHVOLNH0DF\¶V-&3HQQH\.RKO¶VDQG3KLOLSV9DQ
+HXVHQ²ZHUHSURGXFHGLQWKHIDFWRU\,QDORQH
$OLDQ]DZRUNHUVVHZHGABC+@#$$#1*JDUPHQWVDQGRYHU

WKHFRXUVHRI\HDUVVRPHDC+@#$$#1*+E)2@-*5&+
;-2-+-F%125-4+51+5"-+GBHB+)*4+0)*)4)

7KHZRUNHUVHDUQHGDEDVHZDJHRIMXVW67B8D+%-2+
"1.2ZKLFKLVWKHORZHVWZDJHLQ*XDWHPDODDQGZHOO
EHORZVXEVLVWHQFHOHYHOV

+XJHPDUNXSVE\WKHODEHOV

$I)$'J)25+ZRPHQ¶VEOD]HUUHWDLOHGIRU
ZKLOHLWVWRWDOSURGXFWLRQFRVWZDVMXVW6ABCD+²IRU
)+@)2<'.%+1K+A7D+%-2L-*5

0)$M#*+N$-#*MDFNHWVDQGYHVWVIRUWKHO.2$#*E'
51*+01)5+?)L512P$L1&5+6QBCRWRPDNHEXW2-5)#$+

3KLOLSV9DQ+HXVHQ1RUGVWURPDQGRWKHUVDUHODXQFK
LQJDSURDFWLYHFDPSDLJQWRUHLPEXUVH$OLDQ]D¶VZRUN
HUVZKDWWKH\DUHRZHG
³)URPWKHYHU\EHJLQQLQJDWWKH$OLDQ]D)DVKLRQIDF
WRU\PDQDJHPHQW¶VSROLF\ZDVWRSOXQGHUWKHZRUNHUV
LQHYHU\ZD\SRVVLEOH²UREELQJWKHZRUNHUVRIRYHU
PLOOLRQLQEDFNZDJHVDQGEHQH¿WVRYHUWKH\HDUV
LQFROOXVLRQZLWKFRUUXSW6RFLDO6HFXULW\,QVWLWXWHDQG
0LQLVWU\RI/DERURI¿FLDOVZKRWRWDOO\IDLOHGWRGHIHQG
WKHULJKWVRIWKHZRUNHUV´VDLG*DEULHO=HODGDGLUHFWRU
RI&HQWHUIRU6WXGLHVDQG6XSSRUWIRU/RFDO'HYHORS
PHQW&($'(/
!"#$%&$'9+/:3/5';$4<$"3%$5'$%<'.*3'
0+7%43/'+,'*3/'.9+'<$74*.3/)8
4
C'(D/(+"-4":*$,/;$%$E
A$(F-4$%-5/G"8-,6"H'"I$J'("1-F6,+
7KHORQJKLVWRU\RIWHUURUXQGHUGLFWDWRUVKLSOHDYHV*XDWHPDOD¶VZRUNHUVDQGLQGLJHQRXVFRPPXQLWLHVPDUJLQDOL]HG
ZLWKQRODERUULJKWV
X*5-2*)5#1*)$+Y2)4-+G*#1*+01*K-4-2)5#1*+/XYG03+*15-4+5"-+-F52-@-+4)*E-2+K12+52)4-+.*#1*#&5&+#*+
V.)5-@)$)Z$
/V.)5-@)$)+")&+U-L1@-+5"-+@1&5+4)*E-21.&+L1.*52P+#*+5"-+;12$4+K12+52)4-+.*#1*#&5&6LQFH
DWOHDVWXQLRQOHDGHUVDQGUHSUHVHQWDWLYHVKDYHEHHQNLOOHGDQGWKHUHKDYHEHHQQXPHURXVDFWVRIDWWHPSWHG
PXUGHUWRUWXUHNLGQDSSLQJEUHDNLQVDQGGHDWKWKUHDWVZKLFKKDYHFUHDWHGDFXOWXUHRIIHDUDQGYLROHQFHZKHUH
WKHH[HUFLVHRIWUDGHXQLRQULJKWVEHFRPHLPSRVVLEOH´
Ɋ,78&-XQH³1HZ,78&5HSRUWRQ9LRODWLRQVRI7UDGH8QLRQ5LJKWV´7KH,QWHUQDWLRQDO7UDGH8QLRQ
&RQIHGHUDWLRQEDVHGLQ%UXVVHOVKDVQDWLRQDODI¿OLDWHVUHSUHVHQWLQJPLOOLRQZRUNHUVLQFRXQWULHV
[K2)#*+\#1&+J1*55IRUPHUGLFWDWRURI*XDWHPDODDQGJ).2#L#1+\142#E.->+H)*L"->LQWHOOLJHQFHFKLHIDUH
¿QDOO\EHLQJWULHGIRUJHQRFLGHDQGFULPHVDJDLQVWKXPDQLW\
³7KHLUORYHGRQHVZHUHMXVWDIHZRIWKH
SHRSOHZKRGLVDSSHDUHGGXULQJ*XDWHPDOD
V
\HDUFLYLOZDUYLUWXDOO\DOODWWKHKDQGVRI
VROGLHUVDQGDOOLHGSDUDPLOLWDULHVVHHNLQJWRZLSH
RXWD0DU[LVWJXHUULOODPRYHPHQW$OPRVWDOOWKH
YLFWLPVDUHEHOLHYHGWRKDYHEHHQNLOOHGRIWHQDIWHU
EHLQJUDSHGWRUWXUHGRUERWKWKHQEXULHGLQPDVV
JUDYHVGLWFKHVDQGZHOOV0DQ\ZHUHKXUOHGIURP
KHOLFRSWHUVLQWRWKHVHDRUYROFDQLFFUDWHUV,Q
WRWDODWOHDVWSHRSOHZHUHNLOOHGGXULQJ
WKHZDU´
Ɋ$31RYHPEHU³*XDWHPDOD6HDUFKHV
IRULWV'LVDSSHDUHGZLWK3RUWUDLWV0XVHXPÉ\
6RQLD3HUH]'
³%HJLQQLQJLQ-XO\WKH$UP\GHVFHQGHGRQWKH
,[LOUHJLRQLQGLVFULPLQDWHO\EXUQLQJKRXVHVPXUGHULQJ
PHQZRPHQDQGFKLOGUHQGHVWUR\LQJ¿HOGVDQGNLOO
LQJOLYHVWRFN5HIXJHHVZKRÀHGLQWRWKHPRXQWDLQVZHUH
ERPEHGDQGVWUDIHGE\KHOLFRSWHUVDQGSODQHV,QWKH
HQGEHWZHHQVHYHQW\DQGQLQHW\SHUFHQWRIWKH,[LOYLO
ODJHVZHUHGHVWUR\HG5tRV0RQWWDQG5RGUtJXH]6iQFKH]
DUHVSHFL¿FDOO\FKDUJHGZLWK¿IWHHQPDVVDFUHVLQZKLFK
HOHYHQKXQGUHGDQGVHYHQW\RQH,[LOVZHUHNLOOHGDQG
WZHQW\QLQHWKRXVDQG,[LOVIRUFLEO\GLVSODFHG7KHUHDUH
DOVRUDSHDQGWRUWXUHFKDUJHV´
Ɋ!"#$%#&$'()*#)0D\³7KH0D\D*HQRFLGH
7ULDOÉ\3HWHU&DQE\
,QOLJKWRIVXFKGDQJHUV&($'(/DQG$
WKH,QVWLWXWHIRU*OREDO/DERXUDQG+XPDQ5LJKWV$
KDYHDJUHHGWKDWZHZLOOSXEOLVKRQO\WKH¿UVWQDPHVRI$
WKHDJJULHYHGZRUNHUVWRSURWHFWWKHLULGHQWLWLHV$
:HZLOONHHSWKHLUIXOOQDPHVRQ¿OHLQRUGHUWREHDEOHWR
DQVZHUDQ\TXHVWLRQVDERXWWKHDXWKHQWLFLW\RIWKHLUFODLPV
=(+/'>$"3?'@$#%.3<'+%'.*3'9$""'+,'!"#$%&$'($)*#+%',$-.+/0'#%'1*#2$".3%$%4+5'67$.32$"$8
!%-$45$"3$+6-'4"-4":*$,/;$%$"0('G*./G"
3'*("A-%%-'4":$(;/4,+"$"B/$("&'("
2K9'(,",'",6/"=L7L"$4G"#$4$G$
=$#)*>)+?)&"#1*9+HB=B
.LORPHWHUò&DUUHWHUD,QWHUDPHULFDQD
&KLPDOWHQDQJR*XDWHPDOD$
%RQJ&KRRQ3DUN6HRRZQHUDQGOHJDOUHSUHVHQWDWLYH
6RXWK.RUHDQ
5XEpQ(QULTXH5RVDOHV2YDOOH*HQHUDO0DQDJHU
7RDYRLGWD[HV²DQGUHVSRQVLELOLW\IRUPLOOLRQVRIGRO
ODUVLQEHQH¿WVWKDWKHSRFNHWHGRYHUWKH\HDUV²3DUN
FKDQJHGWKHOHJDOQDPHRIKLVIDFWRU\VHYHUDOWLPHV
$OLDQ]D)DVKLRQ
0RGDV$OLDQ]D$VRI'HFHPEHU
,QGXVWULDV'%$VRI0DUFK
'%+ROGLQJV
$³)RU6DOH´VLJQKDVEHHQSXWXSDWWKH$OLDQ]D)DVKLRQ
IDFWRU\EXWSURFHHGVIURPWKHVDOHRIWKHSURSHUW\ZLOO
QRWEHXVHGWRUHLPEXUVHZRUNHUV¶EDFNZDJHV,QVWHDG
LWDSSHDUVWKDWWKHSURSHUW\ZDVXVHGDVFROODWHUDOIRU
ORDQVWDNHQE\$OLDQ]D¶VPDQDJHPHQWDQGLWLVWKHEDQN
WKDWLVEHLQJJLYHQ¿UVWULJKWVWRUHFRXSLWVORVVHV
$IWHUUREELQJWKH$OLDQ]DZRUNHUVRIEDFNZDJHVDQG
EHQH¿WVH[FHHGLQJVL[PLOOLRQGROODUV3DUNLVVWLOOIUHH
LQ*XDWHPDODDQGKDVEHHQVHHQDWWKH6RXWK.RUHDQ
(PEDVV\FKXUFKDQGDVPDOOJDUPHQWIDFWRU\LQ&KL
PDOWHQDQJR&LW\,Q0DUFK3DUNHYHQYLVLWHG1HZ
<RUN&LW\WRPHHWZLWKYDULRXV86ODEHOV
]M-2+?1.2+J#$$#1*+V)2@-*5&+
I-2-+H-;*+[)L"+^-)2+)5+5"-+
=$#)*>)+?)&"#1*+?)L512P+#*+V.)'
5-@)$)B$
,QDVLQJOH\HDULQ'HFHPEHUWR'HFHPEHU
WKHZRUNHUVVHZHGA9CRC9CR_+E)2@-*5&+
DWWKH$OLDQ]DIDFWRU\IRUH[SRUWWRWKH86DQG&DQDGD
7KLVPHDQVLQHIIHFWWKDWHDFKZRUNHUSURGXFHG
JDUPHQWVSHU\HDUDQGJDUPHQWVSHUPRQWK
:HFDQHVWLPDWHWKDWLQWKHó\HDUVWKDW$OLDQ]DZDV
LQRSHUDWLRQ-DQXDU\WR0DUFKWKHZRUNHUV
SURGXFHGQHDUO\DC+@#$$#1*+E)2@-*5&+K12+-F%125
7KHPDMRULW\RISURGXFWLRQDW$OLDQ]DFRQVLVWHGRIVXLW
MDFNHWVSDQWVDQGYHVWVIRUER\VDQGPHQDQGEOD]HUV
SDQWVDQGVNLUWVIRUZRPHQ
5
6
J1&5+=@-2#L)*+H"1%%-2&+,)M-+
`1+X4-)+,1;+0"-)%+X5+X&+51+
!214.L-+V)2@-*5&+]KK&"12-+
#*+H;-)5&"1%&+$#<-+5"-+=$#)*>)+
?)&"#1*+K)L512PB$
7DNH:DO0DUWDVDQH[DPSOH$³*HRUJH´:RPHQ¶V
&ODVVLF&DUHHU%OD]HUɊLQFODVVLFUHGKHUULQJERQH
EODFNJUH\KHDWKHUQDY\UHGRUZLQWHUZKLWHɊZDV
PDGHDWWKH$OLDQ]DVZHDWVKRSIRUMXVWLQFOXGLQJ
DOOIDEULFWULPFXWWLQJVHZLQJDQGSDFNLQJ
7KHRQO\ZD\:DO0DUWFDQPDQDJHWKLVLVZLWKRII
VKRUHFKHDSODERUDQGQRZRUNHUULJKWVSURWHFWLRQV
$OLDQ]D¶VJDUPHQWZRUNHUVHDUQHGDEDVHZDJHRIMXVW
67B8D+)*+"1.2+²PDNLQJWKHPWKHORZHVWSDLGZRUN
HUVLQDOORI*XDWHPDOD(YHQDJULFXOWXUDOZRUNHUVHDUQ
PRUHWKDQWKHJDUPHQWZRUNHUV0RUHRYHULIJDUPHQW
ZRUNHUVDWWKH$OLDQ]DIDFWRU\IDLOHGWRPHHWPDQDJH
PHQW¶VPDQGDWRU\SURGXFWLRQJRDOVWKH\ZHUHUHTXLUHG
WRUHPDLQZRUNLQJZLWKRXWZDJHVXQWLOWKHJRDOZDV
PHW
:HNQRZWKDW:DO0DUWEOD]HUVVHZQDWWKH$OLDQ]D
IDFWRU\LQ*XDWHPDOD2-5)#$+#*+5"-+GBHB+K12+6C7B::
ZKLFKPHDQVWKDW:DO0DUW@)2<-4+.%+5"-+%2#L-+UP+
A7D+%-2L-*5RYHUWKHWRWDOFRVWWRSUR
GXFHWKHMDFNHW7KHWRWDOL1&5+1K+%214.L5#1*+2-%2-'
&-*5&+a.&5+7Q+%-2L-*5+RIWKHUHWDLOSULFH
,QRQHFRQWUDFW:DO0DUWRXWVRXUFHGWKHSURGXFWLRQ
RIZRPHQ¶VFDUHHUEOD]HUVDQGVNLUWVWR$OLDQ]D
WKURXJK/DQGµ16HD
1%&1DWLRQDO%URDGFDVWLQJ&RUSRUDWLRQDQG$$)(6$UP\
DQG$LU)RUFH([FKDQJH6HUYLFHLVOLQNHGWRVZHDWVKRSFORWK
LQJVHZQDWWKHFRUUXSW$OLDQ]D)DVKLRQIDFWRU\LQ*XDWHPDOD
ZKHUHZRUNHUVZHUHUREEHGRIPLOOLRQVRIGROODUVGXHWKHP
7
A%'.*#)'+/<3/'B$"C;$/.'+7.)+7/-3<'.*3'@/+<7-.#+%'+,'D5EDF'=63+/43?'"$G3"'9+23%H)'@"7)C)#&3<'-$/33/'G"$&3/)'.+'!"#$%&$'I#$'J$%<'KL'
>3$8''M*#)'#)'+%3'+,'2$%0'<+-723%.)')2744"3<'+7.'+,'!"#$%&$'G0'.*3'9+/:3/)8''>33'@$43'NF',+/'$%'#%<3O'$%<'"#%:)8''
!"#$%#&'(")&*#+,
)H(@%+,;&,%=?GF&,%G?@)%"::&",%+=%"##%
!+,,&@:+=;&=!&I%(=L+(!&@I%:"!J"E&@%
"=;%@H(::(=E%;+!?G&=)@
-./0&123"$4"5)&6(4&7328)&67&-99-:
;<-<=&>>>?@999&&&A"B&;<-<=&>>>?@9<>
!"#$
%&'(&'(
:?,!H"@&%
+,;&,%=+
933>.6
2D.4D.6%K%,&L(@&%))#%M)-
JHFCLD'GN&AFEIZ
N\]\^\3#&6"_(Z&N.0&&MGEFMG&NEK&CEI&JDFK&<
<>CG:?9<B*C*H*AI*:J*BJ
K&J*L%*2B@MBCB*2;<&B@?8>B>N6
2;<&B@?8>B>N6I*NGB?8&B@BJ*2B
?8@O*L"PQ##P"QP$""
&
!"##$%
CD!!&AEF&FG!GD'G&6HI1GF&JF*EF&KE&'L*JJ*6M
'GD'E6
AD!!%-.
CENG
N*O*'*E6
->
;&@!,(:)(+=$
E&+,E&%0+G&=@%:#?@%!",&&,%@?()(=E
'LG!!&?&@.[&JE!7G'KGF)&..[&FD7E6)&>[&'JD6NGX
!*6*6M&?&-99[&JE!7G'KGF
CEH6KF7&EA& OG6NEF&CENG&
!+=)&=)$
6E,
EF*M*6
JD7IG6K&U*!!&1G&IDNG&/&ND7'&
AFEI&ULG6&JHFCLD'G&EFNGF&*'&
CEIJ!GKGN&D6N&'*M6GN&EAA&17&D&
'V'&WHD!*K7&CE6KFE!&JGF'E66G!
!+=@),?!)(+=D
-",=%!+?=)$
MHDKGID!D
C3$(T
0G%@)-C
!+#+,%%%%%%%
E0#=@/955%!",&&,%F#"<&,
E0#=@/955%!",&&,%F#"<&,
E0#=@/955%!",&&,%F#"<&,
E0#=@/955%!",&&,%F#"<&,
E0#=@/955%!",&&,%F#"<&,
E0#=@/955%!",&&,%F#"<&,
F#"!J
E,&-%%H&")H&,
H&,,(=EF+=&
="L,&;
0(=)&,%0H()&
G(##%K%!H"==&#%
NG!*OGF7&NDKG
0&(EH)$
IDX,&
'LF*6YDMGZ
.[&X&.[
>[&X&>[
J*GCG'
!G)D:!
@(<&%@!"#&
./0
.23
24
41
41
6/
24
.10
252
/3
9/
14
>2
41
230
.44
6/
/3
41
6/
6/
220
14
24
6/
6/
24
24
240
.62
24
41
41
6/
24
/P<.P-.
&'()%*"!)+,-
2/0
.62
24
41
41
6/
24
:@>
-Q<
..@
.-<
<>9
-:9
74825
75.833
:&,%;+<&=
.2%:(&!&@%:"!J@%@+#(;%@(<&%"=;%!+#+,8%&"!H%:(&!&%(=;(L(;?"##-%:+#-%F"EE&;%"=;%@&"#&;8%=+%H"=E&,I%?:!%@)(!J&,%+=%F+))+G%,(EH)%
+*%F"E8
G"(=%#"F&#%E,E.3559%K%NJ)
@(<&D!+?=),-%#"F&#%E,E.35/3
NJ)
!"&,&%#"F&#%E&=.3/65%K%
NJ)
H"=E%)"E%E65.3996
@&)%")%!&=)&,%F"!J%2h%F&#+0%=&!J%F"=;
@&)%")%!&=)&,%+*%G"(=%#"F&#
@&)%4h%"F+L&%)H&%H&G%#(=&
@0(*)%)"E%0()H%6h%@0(*)%)"E%")%0&",&,g@%#&*)%?=;&,%",GH+#&%@&"G8
)+)"#%?=()@A:!B
<)-<>&
)+)"#%
?=()@A;+<&=B
-//,99
)+)"#%;+##",
CDFG&*6'KFHCK*E6'&
AEF&1!DSGF
G"!H(=&%0"@H%!+#;I%0"@H%0()H%#(J&%!+#+,@I%?@&%0++#D;&#(!")&%0"@H%!-!#&I
+=#-%=+=K!H#+,(=&%F#&"!H%0H&=%=&&;&;I%)?GF#&%;,-%#+0I%#+0%(,+=%+,%;,-%!#&"=
RQ)9</,99&
,=C%.9>4>
.8:#@%=+)&%:,+;?!)(+=%F?))+=%*+,%)H(@%@)-#&%G?@)%F&%@&)%0()H%#+!J%@)()!H%G"!H(=&%%%%
28:"=)@%G?@)%F&%H?=E%+:&=I%=+)%!,&"@&%)+%!,&"@&
,&G",J@$
68@OPPOQ%RSTUVWPOXYOZ%[\R[%RPP%YVVXZ%]QVX^SOX%_VQ%0RPKGRQ[%RQO%Z^àOS[%[V%!)#%R]]QVbRPZ8%(_%@OPPOQcZ%]QVX^S[dVU%_RdPZ%!)#%
48%!VZ[%QOZ^P[dUY%_QVe%QOKdUZ]OS[dVU%`f%[\dQX%]RQ[f%RQO%[\O%_RS[VQfgZ%QOZ]VUZd`dPd[f8
58%"Uf%PR[OUOZZ%RZ%R%QOZ^P[%V_%_RdPOX%dUZ]OS[dVUZ%`f%#RUX%U%@OR%]OQZVUUOP%VQ%[\dQX%]RQ[dOZ%[\R[%QOZ^P[%dU%RdQ%Z\d]]dUY%VQ%SRUSOPPR[dVUZ%RQO%[\O%_RS[VQfgZ%QOZ]VUZd`dPd[f8%
<+#&).($"&(%.6')5'(/*'9"#)$').'(/%,')$-*$';%(/)+('3$%)$'"33$)O"9'5$)0'B".-'D'<*"'%,'+."&&*3("#9*7'_%)9"(%).')5'(/*,*'(*$0,'0"1'9*"-'()'&".&*99"(%).')5'(/%,')$-*$7
J/*.'3$)-+&(%).',/"-*#".-,'"$*',+#0%((*-4'0"Z*$'0+,('0"Z*',+$*'(/"('1)+'/"O*',+55%&%*.('0"(*$%"9'%.'(/*',"0*',/"-*'()'&)O*$'"99'1)+$'3$*]3$)-+&(%).'".-'3$)-+&(%).',"039*'6"$0*.('$*S+%$*0*.(,4'E)'.)(',+#0%(',/"-*#".-'%5'1)+'-)'.)('/"O*',+55%&%*.('0"(*$%"9'
E)&+0*.("(%).'$*S+%$*'5$)0'J"90"$(T'?!X[RQ4'?!^\YQ4'?!^\QP4'#%99')5'9"-%.64'%.O)%&*,4'O%,",';/*$*'"339%&"#9*4'?H8=A'?*$(%5%&"(*')5'K$%6%.4''=9*",*'3$*,*.('&)039*(*'&)31')5'-)&+0*.('()'I)*#+&Z4<?'"((.T'<&)(('<(%.&/&)0#'"('(/*'(%0*'1)+'-*9%O*$'6))-,7
!"#$%&'()'#*'+,*-').'(/%,')$-*$'0+,('#*',*.('#1'1)+'"('1)+$'*23*.,*4'5)$'%.-*3*.-*.('(*,(%.6'3$%)$'()'(/*'6"$0*.(,'#*%.6'&+(7'8/%,'(*,('0+,('#*'&)039*(*-').'*"&/'&)9)$'".-'(/*'(*,('$*,+9('0+,('0**('(/*'*.&9),*-',(".-"$-,:'(/*'(*,('$*,+9('0+,('#*'5)$;"$-*6789:;<=&8>?:*-<@@*>6?*A8*B228=?8C
<=>?@AB'?C8'ADE'<8FB>'C<>
:3,DE./*2')F*
!""#$%
&'()*+,,)*-./+.0)12)/*.33045./
8/%,'&).($"&(',+3*$,*-*,'".1'3$%)$')$'&).(*03)$".*)+,')$"9')$';$%((*.'"6$**0*.(,'#*(;**.'(/*'3"$(%*,'$*9"(%.6'()'(/*',+#G*&('0"((*$'/*$*)5'".-'&).,(%(+(*,'(/*'*.(%$*'"6$**0*.('#*(;**.'(/*'3"$(%*,';%(/'$*,3*&('()'(/*',+#G*&('0"((*$'/*$*)57''HCF>I'J@BB'DK8'H>'
HKCDE'HF'ADF'8>IL<'KI'?KDE@8@KD<'?KD8A@D>E'@D'ADF'?KD!@ILA8@KD'KI'K8M>I'EK?CL>D8'8IAD<L@88>E'HF'<>BB>I'8K'HCF>I'@D'?KDD>?8@KD'J@8M'8M@<'8IAD<A?8@KD'CDB><<'HCF>I'<@ND<'@87
8/%,'&).($"&('%,',+#G*&('()'"99')5'(/*'(*$0,'".-'&).-%(%).,').'(/*'5"&*'".-'$*O*$,*',%-*,'/*$*)54'%.&9+-%.6'(/*'3$)O%,%).,'5)$'JAIIAD8@><'&).("%.*-'%.'3"$"6$"3/'P'".-'(/*'3$)O%,%).,'5)$'AIH@8IA8@KD'&).("%.*-'%.'3"$"6$"3/'QR7
8/%,'&).($"&(',/"99'#*&)0*'#%.-%.6'5)$'(/*'*.(%$*'S+".(%(1')5'0*$&/".-%,*',3*&%5%*-'/*$*%.'+3).'(/*')&&+$$*.&*')5').*')$'0)$*')5'(/*'5)99);%.6'*O*.(,T'UQV'C3).',*99*$W,',*.-%.6'&).5%$0"(%).')5'(/%,')$-*$:'
UPV'+3).',*99*$W,'$*(+$.%.6'"',%6.*-'&)31')5'(/%,'&).($"&('()'H+1*$:'
UXV'C3).',*99*$W,'$*("%.%.6'(/%,'&).($"&('5)$'QY'-"1,';%(/)+('0"Z%.6';$%(*.')#G*&(%).'(/*$*():'
U[V'C3).',*99*$W,'-*9%O*$%.6'"99')$'".1'3"$(')5'(/*'0*$&/".-%,*',3*&%5%*-'/*$*%.:'
U\V'C3).',*99*$W,'#%99%.6'H+1*$'5)$'"99')$'".1'3"$(')5'(/*'0*$&/".-%,*',3*&%5%*'/*$*%.:'
URV'C3).'<*99*$W,'%.-%&"(%.6'%.',)0*')(/*$'0"..*$'%(W,'"&&*3(".&*')5'&).($"&(7
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
HQR)*++*,-
!./*
2D.6D.6
;")&
8
Y"-+\)L-+51+5"-+O1551@
9HU\IHZFRQVXPHUVLQWKH8QLWHG6WDWHVRU&DQDGDKDYH
HYHUKHDUGRI)LVKPDQ7RELQZKLFKLVRZQHGE\WKH
JLDQW/L)XQJLQ&KLQDE\IDUWKHODUJHVWJDUPHQWRXW
VRXUFLQJRSHUDWLRQLQWKHZRUOG
)LVKPDQ7RELQ/L)XQJ&DOYLQ.OHLQ3KLOLSV9DQ
+HXVHQDQGWKH%XUOLQJWRQ&RDW)DFWRU\KDYHDOOFRQ
YHUJHGLQ*XDWHPDODDWWKHQRWRULRXVO\FRUUXSW$OLDQ]D
)DVKLRQIDFWRU\IRUMXVWRQHUHDVRQWRGHPDQGWKHORZ
HVWZDJHV
+HUH¶VDQH[DPSOH,Q)LVKPDQ7RELQZDV
FRQWUDFWHGWRSURGXFH0)$M#*+N$-#*+ER\V¶VXLWVZLWK
YHVWVIRUVDOHDWWKHO.2$#*E51*+01)5+?)L512P7KH
&DOYLQ.OHLQER\V¶VXLWVUHWDLOHGIRU+RZHYHULW
WXUQVRXWWKDWDER\¶VVXLWZLWKYHVWPDGHIRUWKH
%XUOLQJWRQ&RDW)DFWRU\DFWXDOO\L1&5&+a.&5+6QBCR+51+
%214.L-b+7KHUHDOFRVWWRPDNHDER\¶VVXLWDQGYHVWLV
MXVWFHQWVWRFXWWKHIDEULFDQGWRVHZWKHSDQWV
MDFNHWDQGYHVW
Y"-+6QBCR+%214.L5#1*+L1&5+#&+5"-*+@)2<-4+.%+
UP+6D8B_C+c+DD8+%-2L-*5b+c+51+5"-+2-5)#$+L1&5+1K+
6DQBQQB
:HDVN3KLOLSV9DQ+HXVHQ&DOYLQ.OHLQ7RPP\+LO
¿JHU%XUOLQJWRQ&RDW)DFWRU\DQGWKHRWKHUFRPSDQLHV
WKDWFRQWUDFWHGSURGXFWLRQWR$OLDQ]DWRDFNQRZOHGJH
WKDWWKHV\VWHPLVEURNHQI-+*--4+51+-*)L5+-*'
K12L-)U$-+$);&+5")5+;#$$+)&&.2-+5"-+$-E)$+2#E"5&+1K+
;12<-2&B++(1$.*5)2P+L14-&+1K+L1*4.L5+")M-+*-M-2+
;12<-49+)*4+5"-P+*-M-2+;#$$B
07?@9A6A),BCDA)-CE6)+BA8FG7HI
05BBAI6),BCDA
!"#$%&'!(%)#*+
,-("&
%.'
,'/#$0&
!!"!#"!$ %&'"(&' %)*+,-./01+
)LVKPDQ7RELQ/L)XQJ
$XJXVW
$OLDQ]D)DVKLRQ)DFWRU\
*XDWHPDOD
./
&XVWRPHU%XUOLQJWRQ&RDW
)DFWRU\
%UDQG1DPH&DOYLQ.OHLQ39+
%&1-2
2$!!33'4
3/#2-)"(32
%562#3&7("%56833'79,
"(:6/33&7;
%!42)
'(".2
$.'3
38FA)
<$=>!
056
&7689
<3=!3
:;<=>
S#+?.*E+X&+#*+5"-+`-;&
6LQFH$XJXVW)LVKPDQ7RELQKDVEHHQRZQHGE\/L
)XQJZKLFKLVKHDGTXDUWHUHGLQ+RQJ.RQJ&KLQD
³/L)XQJ²WKHPRVWLPSRUWDQWFRPSDQ\WKDWPRVW$PHULFDQ
VKRSSHUVKDYHQHYHUKHDUGRI²KDVORQJEHHQRQWKHFXWWLQJ
HGJHRIJOREDOL]DWLRQFKDVLQJFKHDSODERUWRJDUPHQWIDFWRULHV
¿UVWLQ&KLQDWKHQHOVHZKHUHLQ$VLDLQFOXGLQJ%DQJODGHVK
³$VWKHZRUOG¶VODUJHVWVRXUFLQJDQGORJLVWLFVFRPSDQ\/L
)XQJSOD\VPDWFKPDNHUEHWZHHQSRRUFRXQWULHV¶IDFWRULHVDQG
DIÀXHQWFRXQWULHV¶YHQGRUV¿QGLQJWKHORZHVWFRVWZRUNHUV
KDJJOLQJRYHUSULFHVDQGKDQGOLQJWKHORJLVWLFVIRUURXJKO\D
WKLUGRIWKHUHWDLOHUVIRXQGLQWKHW\SLFDO$PHULFDQVKRSSLQJ
PDOOLQFOXGLQJ6HDUV0DF\¶V-&3HQQH\DQG.RKO¶V
&DOYLQ.OHLQVXLWDQGYHVW
6DOHV3ULFH
0RGHO1DPH6+&-$)
6L]HER\V
51:3/:3/
&RPSOHWH3ULFH/LVW%UHDNGRZQ
0DNH &XW
7RWDO ³µ:HGH¿QLWHO\DUHSDUWRIEULQJLQJWKHSULFHVGRZQWKHUH¶VQR
TXHVWLRQDERXWWKDWEHFDXVHZHDUHDUELWUDWLQJIDFWRULHVDQG
FRXQWULHVDOOWKHWLPH¶´VDLG&(2%UXFH5RFNRZLW]
Ɋ7KH1HZ<RUN7LPHV$XJXVW³/LQNLQJ)DFWRULHVWR
WKH0DOOV0LGGOHPDQ3XVKHV/RZ&RVWVÉ\,DQ8UELQDDQG
.HLWK%UDGVKHU
9
(#)*2$%'P'M+G#%'-$%'@/+<7-3'$'1$"I#%'Q"3#%'G+0)H'.*/33C@#3-3')7#.',+/'R7).'ST8DNU'';3$%9*#"35'.*#)'.*3')7#.'
9#.*'I3).'/3.$#")',+/'SVT8TT'$.'.*3'W7/"#%4.+%'1+$.'($-.+/08''XY/+<7-.#+%'@$@3/9+/:'$I$#"$G"3'+%"#%38Z'
K833002L
Technical Sketches Page-CKCJ201AA
Production
Merchandise Team Orange
Folder Name
S13 2013
Folder Description
Customer
K833002L - Production
CKJ046S
BURLINGTON COAT FACTORY
Brand Name
Import/Manufactured
CALKL
D
Production Paperwork
Special Care Instruction: L14
Date Folder Created
Page Created By
Date Folder Modified
07 Jun 12 03:59 PM
TMERCADO
09 Aug 12 10:16 AM
.
1
Printed: 09 AUG 2012 10:19 AM
Fishman & Tobin, Inc. All Rights Reserved
5_WARPConstructionDetails.Report5 (W: 5.0.58, PJ: 5.0.58)
Page 13 of 36
Comp Color:
04
Comp Color:
04
Comp Color:
01
Comp Color:
Comp ID:
Comp Color:
HT102101
Comp ID:
Comp Color:
HT1378
01
Comp ID:
Comp Color:
LAB1708
01
Comp ID:
Comp Color:
6_printCMPS.cmpsReport (W: 5.0.58, PJ: 5.0.58)
LAB1709
01
Page 19 of 36
10
Y/+<7-.#+%'<+-723%.)',+/'1$"I#%'Q"3#%'G+0)H')7#.'9#.*'I3).'@/+<7-3<'$.'!"#$%&$'
($)*#+%',$-.+/0',+/'W7/"#%4.+%'1+$.'($-.+/08''XY/+<7-.#+%'@$@3/9+/:'$I$#"$G"3'
+%"#%38Z'
S13 2013
Comp ID:
Comp Color:
Folder Description
Customer
CKJ046S
Date Folder Created
07 Jun 12 03:59 PM
Brand Name
Import/Manufactured
CALKL
D
Page Created By
PSEAGRAVES
BTN21224
04
Comp ID:
Comp Color:
BTN21230
04
Comp ID:
Comp Color:
09 Aug 12 10:16 AM
BUCKLE20
01
Comp ID:
Comp Color:
BURLPRCTKT
K833002L
Technical Sketches Page-CKCV002AA
Production
Folder Name
S13 2013
Folder Description
Customer
Brand Name
Import/Manufactured
CKJ046S
CALKL
D
Date Folder Created
Page Created By
07 Jun 12 03:59 PM
PSEAGRAVES
09 Aug 12 10:16 AM
.
2
Page 8 of 36
11
K833002L
Technical Sketches Page-CKCP201AB
Production
Folder Name
S13 2013
Folder Description
Customer
CKJ046S
Brand Name
Import/Manufactured
CALKL
D
Date Folder Created
Page Created By
07 Jun 12 03:59 PM
PSEAGRAVES
09 Aug 12 10:16 AM
.
1
Page 9 of 36
(/+2'.*#)'<+-723%.')2744"3<'+7.'+,'.*3'!"#$%&$')93$.)*+@5'0+7'-$%')33'.*3'I3/0'"+9'@/+<7-.#+%'
-+).'+,'</3))'-"+.*3)'2$<3'*3/38''!'.*/33C@#3-3')7#.'XR$-:3.5'@$%.)'$%<'I3).Z'-+).)'S[8V\'.+'@/+<7-38
!&23
/?%:
276A?:
87B:
/?%:
276A?:
87B:
/?%:
276A?:
276A?:
87B:
/?%:
/?%:
%&1-2
!&'#
%$!!3'&2
!&23)
#2%0
/?%:
0$&J
==LMN(
=>OMQ(
%?:,!,86
,/)$IC6E
,'20!/
##@
<,,,, '=@@
&D'&'
<,,,, $=@3
K&1)&/&(- &/"(-!#(#
())))!"!#$%&'
())))))!+"#+2%++
%$!!3''2
%?:,!,86
C##
<,,,, $=@3
276A?:
C>@
())))))))*"#2$%++
<,,,, $=!' ())))))))*"*!$%$+
=>>=O+
%?:,',86,
@&$
<,,,, C=&@
=>O=>33
=>O=P''
/?%:
/?%:
&D@&'
&DE&E
=>OM;(
'%:'$'&@ =>NLM(
2$!&3>C4
'&3#
'&3#
())))))))#"&+#%&+
<,,,, '=@3 ())))))))#"&,+%++
<,,,, '=@3 ())))))))$"+$+%++
-.-/0
())))))#$"&*$%!+ ())))!"!#$%&' ())))))))))))#'",1,%,'
12
#'(9'($,/"A'4-,'(-4F"U$+"H/M/("C'(D/G
9DULRXVFRUSRUDWHPRQLWRUVYLVLWHGWKH
$OLDQ]DIDFWRU\WKUHHRUIRXUWLPHVD\HDU
7KHDXGLWVDOZD\VWRRNSODFHRQWKHGD\
VKLIWDQGQHYHUDWQLJKW6RPHDXGLWRUV
ZHUHIURP1RUWK$PHULFDEXWWKHZRUN
HUVQHYHUNQHZZKDWFRPSDQ\WKH\UHSUH
VHQWHG
2QHRIWKHFRPSDQLHV)LVKPDQ7RELQ
/L)XQJKDGDPRQLWRUFDOOHG5DPRQ
5RGULJXH]ZKRZDVIURPWKH'RPLQLFDQ
5HSXEOLFDQGYLVLWHG$OLDQ]DRQDPRQWKO\
EDVLV$SSDUHQWO\5RGULJXH]QHYHUUHSRUWHG
DQ\DXGLWFRQFHUQV
(YHQ3KLOLSV9DQ+HXVHQDQG1RUGVWURP
DPRQJWKHKLJKHUHQGDQGEHWWHUODEHOV
)L<*1;$-4E-4+5")5+5"-P+4#4+*15+<*1;+
)*P5"#*E+)U1.5+5"-+%21U$-@&+)5+
=$#)*>)+.*5#$+C87R
!"#$%&$'($)*#+%',$-.+/0'#%'1*#2$".3%$%4+5'67$.32$"$8
A$(-$"A$FG$%/4$"8'(D/G"$,"!%-$45$"3$+6-'4"&'("+/M/4"N/$(+L""
76/"-+"'8/G"OPQRSTL""""
³0\LQWHQWLRQZDVWRZRUNKDUGWRVDYH
DQGEX\DVPDOOKRXVHORWIRUXV7KHQ
OLWWOHE\OLWWOHZHZRXOGEHDEOHWREXLOG
DVPDOOKRXVH1RZWKDWGUHDPLVJRQH
,WVHHPV$OLDQ]D¶VRZQHUZDVIRROLQJXV
WKHZKROHWLPH
³1RZZHDUHLQUHDOO\WRXJKVLWXDWLRQ
:H¶YHERUURZHGPRQH\IURPVRPH
SHRSOHZHNQRZWRSD\RXUUHQW%XW
ZHDUHWZRPRQWKVEHKLQG7KH\FRXOG
WKURZXVRXWDWDQ\PRPHQW0\KXV
EDQGVRPHKRZPDQDJHGWRJHWVRPH
PRQH\VRZHFDQIHHGRXUNLGV
³$OOZHZDQWLVWREHSDLGWKHPRQH\ZH
ZRUNHGIRUDQGHDUQHG´
;$/#$';$4<$"3%$'$%<'*3/'*7)G$%<'G+.*'9+/:3<'#%'!"#$%&$'
($)*#+%8'M*30'*$I3'.9+'-*#"</3%5'+%3'$%<'.9+'03$/)'+"<8
13
79/$D-4F">(*,6",'"I-/+
0DVVLYH6RFLDO6HFXULW\)UDXGDWWKH$OLDQ]D)DFWRU\
,Q1RYHPEHU$UQROGR$EDODPDQDJHUDWWKH
*XDWHPDODQ6RFLDO6HFXULW\,QVWLWXWH,*66LQIRUPHG
*DEULHO=HODGDRI&($'(/WKDWIURPWKHYHU\EHJLQ
QLQJRIWKH$OLDQ]D)DVKLRQIDFWRU\LQRZQHU%RQJ
&KRRQ3DUNQHYHULQVFULEHGPRUHWKDQZRUNHUVRI
VRPHLQDQ\JLYHQPRQWKLQWKHJRYHUQPHQW¶V
PDQGDWRU\SHQVLRQDQGKHDOWKFDUHSURJUDPDGPLQLV
WHUHGE\WKH*XDWHPDODQ6RFLDO6HFXULW\,QVWLWXWH$EDO
ZKRKDVVLQFHUHWLUHGZRUNHGLQWKH,*66FHQWUDORI¿FH
LQ*XDWHPDOD
7KH*XDWHPDODQ6RFLDO6HFXULW\,QVWLWXWHFRYHUVZRUNHUV
IRUKHDOWKFDUHPDWHUQLW\OHDYHGLVDELOLW\DQGSHQVLRQ
8QGHUWKH*XDWHPDODQ6RFLDO6HFXULW\,QVWLWXWHKHDOWK
FDUHLQFOXGHV
0HGLFDOFDUH
0HGLFLQHV

6XUJLFDORSHUDWLRQV
6LFNOHDYH
0DWHUQLW\OHDYH
0HGLFDOFDUHIRUZRUNHUV¶FKLOGUHQXQGHUWKHDJHRI
VHYHQ
2QSDSHUWKHVRFLDODQGPHGLFDOEHQH¿WVRIIHUHGXQGHU
WKH,*66V\VWHPPLJKWJLYH*XDWHPDODWKHDSSHDUDQFH
RI'HQPDUNRU1RUZD\EXWWKLVLVFHUWDLQO\IDUIURP
WKHFDVH*XDWHPDODLVDYHU\SRRUFRXQWU\0HGLFDO
FDUHDYDLODEOHXQGHUWKH,*66V\VWHPLVOLPLWHG,WFDQ
OLWHUDOO\WDNH\HDUVWR¿QDOO\UHFHLYHVXUJHU\&RPPRQ
PHGLFLQHVDUHRIWHQXQDYDLODEOHDQGPXVWEHSXUFKDVHG
E\WKHIDPLOLHVWKHPVHOYHVLQSULYDWHSKDUPDFLHV
+RZHYHU,*66KDVLWVVWURQJSRLQWVHVSHFLDOO\ZKHQ
LWFRPHVWRSURYLVLRQRISUHQDWDOFDUHDQGPDWHUQLW\
EHQH¿WV3UHJQDQWZRPHQZRUNHUVKDYHWKHOHJDOULJKW
%HUWLOLDZRUNHGDW$OLDQ]DIRU¿YH\HDUV"
>6/".';9$4N".%'+/G"'8-4F"6/("OPQVTTL
+RZKDV$OLDQ]D¶VFORVXUHDIIHFWHG\RX"
³6RPDQ\WKLQJVKDSSHQHG:HWUXVWHGWKHP
:LWKRXUZDJHVZHHDW(YHU\SD\GD\ZH
DOUHDG\KDYHDSODQ²KRZZHDUHJRLQJWRIHHG
RXUFKLOGUHQZKDWELOOVZHZLOOSD\%HFDXVHRI
WKHLUPLVWDNHVWKH\¶YHOHIWXVLQWKHVWUHHWZLWK
RXWHYHQDFHQWSXWDVLGH1RQHRIXVKDVEHHQ
DEOHWRVDYH:HRQO\KDYHZKDWZHJHWHYHU\
WZRZHHNVDQGZHVSHQGLWDOORQRXUFKLOGUHQ
EHFDXVHZHKDYHWRSD\IRUWKHLUVFKRROWKHLU
IRRGUHQW
³:HGLGQ¶WHYHQJHWRXUWLPH>VHYHUDQFH@RUDQ\
WKLQJ7KH\MXVWOHIWXV0U3DUNGLGQ¶WVKRZ
KLVIDFHDQGZHDUHOHIWZLWKRXWHYHQDFHQWLQ
RXUKDQGV
]%$G"3'.+'@$0'/3%.5'W3/.#"#$5'*3/'EDC03$/C+"<'<$74*.3/'$%<')3I3%C03$/C+"<')+%'
2+I3<'#%'9#.*'*3/'2+.*3/8''M*30'$/3'@*+.+4/$@*3<'#%',/+%.'+,'.*3#/'.#%0'*+235'
ZKLFKKDVWZRURRPVGLUWÀRRUVDQGZDOOVDQGURRIRIFRUUXJDWHGPHWDO
³1RZLWLVQRWHDV\IRUXVWR¿QGZRUNEHFDXVH
MREVDUHYHU\VFDUFHKHUH>LQ&KLPDOWHQDQJR@
DQGWKH\GRQ¶WMXVWKLUH\RX>ZLWKRXWUHIHUHQFHV
RULQVLGHFRQQHFWLRQV@7KH\DOVRWHOOXVWKDWZH
DUH>WRR@ROG:KDWDUHZHJRLQJWRGR"´
14
WRSDLGPDWHUQLW\OHDYHIRUGD\V²GD\VEHIRUHWKH
H[SHFWHGGHOLYHU\DQGGD\VSRVWGHOLYHU\DEHQH¿W
ZRUWKVRPHDWDJDUPHQWZRUNHU¶VZDJH
,WOHVVFRPPRQWRVHHLOOZRUNHUVUHFHLYHWKHSDLGVLFN
OHDYHDWWZRWKLUGVVDODU\WRZKLFKWKH\DUHHQWLWOHGEXW
LWGRHVKDSSHQ
$OVR*XDWHPDODQZRUNHUVLQVFULEHGLQ,*66KDYHWKH
ULJKWWRDUHJXODUSHQVLRQRISHUFHQWRIWKHLUDYHU
DJHLQFRPHDWDJHDQGDIWHUFRPSOHWLQJ\HDUV
PRQWKVRIZRUN,QZRUNWLPHUHTXLUHGZLOOEH
LQFUHDVHGWR\HDUV
7RFRYHUKHDOWKFDUHSHQVLRQDQGGLVDELOLW\WKH*XD
WHPDODQ6RFLDO6HFXULW\,QVWLWXWHWD[HVZRUNHUVDQG
HPSOR\HUV(PSOR\HUVDUHUHTXLUHGWRGHGXFWAB:R+%-2'
L-*5+IURPWKHLUHPSOR\HHV¶ZDJHVWRFRYHUWKHZRUNHUV¶
SRUWLRQLQDGGLWLRQWRZKLFKWKHFRPSDQ\PXVWSD\DQ
DPRXQWHTXDOWR78Bd_+%-2L-*5RIWKHZRUNHUV¶ZDJHV
OP+$);9+@)*)E-@-*5+#&+2-e.#2-4+51+52)*&K-2+5"-+
-*5#2-+)@1.*59+-e.)$#*E+7DBD+%-2L-*5+1K+%)P21$$9+
51+XVHH+-)L"+@1*5"+)$1*E+;#5"+)+$#&5+1K+;12<-2&+
1*+;"1&-+U-")$K+5"-+%)P@-*5+#&+U-#*E+@)4-B
A$++-M/"3($*G"
2YHUWKH\HDUVRILWVRSHUDWLRQ$OLDQ]DGHIUDXGHG
WKH*XDWHPDODQ6RFLDO6HFXULW\,QVWLWXWHLQFOXGLQJWKH
ZRUNHUV¶SHQVLRQDFFRXQWVRI1M-2+6AB_+@#$$#1*7KLV
LVEDVHGRQD\HDUE\\HDUFDOFXODWLRQRIWKHQXPEHURI
ZRUNHUVHPSOR\HGPLQXVWKHRUVRZKRP$OLDQ]D
LQVFULEHGHDFKPRQWKPXOWLSOLHGE\WKHSD\PHQWGXH
,*66RISHUFHQWRIWKHOHJDOZDJH6HHFKDUWRQSDJH
,WLVFUXFLDOWKDW,*66RSHQLWVUHFRUGVWRDWKRURXJK
LQYHVWLJDWLRQDQGWKDWWKHSHQVLRQDFFRXQWVRIDOORI
$OLDQ]D¶VZRUNHUVEHUHVWRUHGEDVHGRQWKH\HDUVWKDW
WKH\ODERUHGDWWKHIDFWRU\
8QWLOWKDWKDSSHQVWKHUHZLOOEHQRZD\WRNQRZWKHWUXH
H[WHQWRI$OLDQ]DPDQDJHPHQW¶VIUDXG7KHUHLVQRSXE
OLFDFFHVVWRLQIRUPDWLRQUHJDUGLQJFRPSDQ\SD\PHQWV
WR,*66,QGLYLGXDOZRUNHUVFDQUHTXHVWWKHLUUHFRUGV
EXWLWLVDWHGLRXVSURFHVVUHTXLULQJVHYHUDOWULSVIURP
&KLPDOWHQDQJRWR,*66¶VFHQWUDORI¿FHLQ*XDWHPDOD
&LW\7KHVHYHUDOGR]HQZRUNHUVZKRKDYHGRQHWKLVZLWK
&($'(/¶VKHOSKDYHGLVFRYHUHGWKDWIHZRUQRSD\PHQWV
ZHUHPDGHWR,*66RQWKHLUEHKDOI
A$(,6$"8'(D/G",8'"$4G"$"6$%&"N/$(+"$,"!%-$45$L"""
76/"-+"'8/G"OWQXWPL
:KHQ$OLDQ]DFORVHG\RXZHUHOHIWZLWK
RXWVHYHUDQFHDQGWKHRWKHUPRQH\\RX
ZHUHRZHG+RZGR\RXIHHODERXWWKDW"
³9HU\VDGEHFDXVHWKDWLVKRZZHZRXOG
HDW1RZZHKDYHWRORRNIRUZRUN
*RGJLYHVXVOLIHDQGZHKDYHWRORRN
IRUZRUNWRIHHGRXUFKLOGUHQ7KHZD\
0U3DUNGLGLW²MXVWOHDYLQJZLWKRXW
HYHQVD\LQJDQ\WKLQJDQGQRWJLYLQJ
XVZKDWKHRZHGXV²LWKDVEHHQYHU\
WRXJK:LWKWKHSD\PHQWVWKDWZHUH
GHOD\HG>XQSDLG@DQGDOOWKDWQRZZH
FDQ¶WPDNHHQGVPHHW'D\E\GD\LW
LVDVWUXJJOHWRVHHKRZZHZLOOIHHG
RXUFKLOGUHQDQGSD\IRUHYHU\WKLQJZH
QHHG´
;$/.*$'#%',/+%.'+,'.*3'*+23')*3')*$/3)'9#.*'*3/'2+.*3/'$%<'*3/'
EFC03$/C+"<'<$74*.3/8''>*3'*$)'03.'.+'/3-3#I3'.*3'SE5FED'X^EE5\FVZ'
)*3'#)'+93<'#%'9$43)5'$%%7$"'G+%7)'$%<')3I3/$%-3'@$08
15
$OLDQ]DZRUNHUVGHPDQGSD\DQGEHQH¿WVWKH\DUHOHJDOO\GXH$SULO
2+,-;$,/"'&"3*4G+"!%-$45$"3$+6-'4Y+"A$4$F/;/4,"3$-%/G",'"0$N"
,6/":*$,/;$%$4"7'.-$%"7/.*(-,N"?4+,-,*,/"Z?:77["
2YHUWKHFRXUVHRI\HDUV$OLDQ]DPDQDJHPHQWDQGRZQHU%RQJ&KRRQ3DUNVKRUWFKDQJHG$OLDQ]D
VZRUNHUV
RIWKHLUOHJDOSHQVLRQDQGKHDOWKFDUHEHQH¿WVWKURXJKWKH*XDWHPDODQ6RFLDO6HFXULW\,QVWLWXWH,*66,QWKH
SURFHVVWKH;12<-2&+;-2-+21UU-4+1K+&1@-+6A9_R89CCDLQORVWPDWHUQLW\KHDOWKDQGSHQVLRQEHQH¿WV
_O-*$%43'/$.3`'SE8\\'a'6M^'b8[D
<HDU
!&,-0$ 1XPEHURI:RUN
1XPEHU
HUVIRU:KRP
RI$
,*664XRWDV
:RUNHUV
:HUH3DLG
1XPEHURI
:RUNHUVIRU
:KRP,*66
4XRWDV1RW3DLG
0RQWKO\:DJH
'HEWWR,*669DOXH
RI+HDOWKDQG3HQVLRQ
%HQH¿WV5REEHG
:RUNHUVIRUZKRP,*66ZDVQRW
SDLGîPRQWKO\ZDJHîPRQWKV
î
-DQ0DU
Y15)$+f-U5+51+XVHH+C887'C87R
+6A9_R89CCDB8A+
16
3($4.-+.'"8'(D/G"$,"!%-$45$"&'(",6(//"$4G"$"6$%&"N/$(+L"
U/"-+"'8/G"ORVVL
³,ZRUNHGWKUHHDQGDKDOI\HDUV7KH\
RZHPH47KHODEHOV
VKRXOGKDYHWKHFRQVFLHQFHWRSD\XV0\
IDPLO\QHHGVFORWKLQJDQGVKRHV)RUWKDW
DQGVFKRROIRUWKHFKLOGUHQWKHUHZRXOG
EHEDUHO\HQRXJK
³:KDWZHGHPDQGZKDWZHZDQWLVIRU
WKHPWRJLYHXVZKDWWKH\RZHXVEHFDXVH
LWKDVDOUHDG\EHHQHDUQHG´
(/$%-#)-+'$%<'*#)'.9+'<$74*C
WHUV¿YHDQGVL[\HDUVROG
A-.$/%$"8'(D/G"$,"!%-$45$"&'("&'*("N/$(+L""76/"-+"'8/G"
LQVHYHUDQFHXQSDLGZDJHVDQGEHQH¿WV
³:KDWZH¶GSODQQHGZDVWRUHSDLUWKH
KRXVH<RXVDZKRZLWLVIDOOLQJGRZQ
1RZWKDW¶VEHFRPHLPSRVVLEOH
³0\FKLOGUHQDUHVFDUHGWKH\ZRQ¶WEHDEOH
WRJREDFNWRVFKRROLQWKHQHZ\HDUVLQFH
WKH\NQRZZKDWZHDUHJRLQJWKURXJK
7KH\DVNPHZKDWDUHZHJRLQJWRGRQH[W
\HDU"1H[W\HDUP\ER\ZKRLVLVVXS
SRVHGWRJRLQWRMXQLRUKLJKDQGP\OLWWOH
JLUOZKRLVJRHVLQWRVL[WKJUDGH5LJKW
QRZ,¶PZRUNLQJDWZKDWHYHU,FDQ¿QG
MXVWWRIHHGWKHP´
;#-$3"$'9+/:3<',+7/'03$/)'$.'!"#$%&$'8'>*3'
$%<'*3/'*7)G$%<'*$I3'.*/33'-*#"</3%8
17
\]W"C'(D/(+"1'JJ/G"'&"^M/("OWLX"A-%%-'4"
LQ/HJDO:DJHVDQG%HQH¿WV
$FFRUGLQJWRFDOFXODWLRQVE\WKH*XDWHPDODQ0LQLVWU\RI/DERUWKHVH$OLDQ]DZRUNHUVDUHGXHPLO
OLRQLQEDFNZDJHVDQGEHQH¿WV²1M-2+67BA+@#$$#1*+FRXQWLQJFRPSHQVDWLRQIRU³(FRQRPLF$GYDQWDJHV´WKH
ZRUNHUVORVWZKHQWKHFRPSDQ\VKXWGRZQ'DWDZDVFRPSLOHGE\&($'(/&HQWURGH(VWXGLRV\$SR\R3DUDHO
'HVDUUROOR/RFDO&HQWHUIRU6WXGLHVDQG6XSSRUWIRU/RFDO'HYHORSPHQWDQGWKH,QVWLWXWHIRU*OREDO/DERXUDQG
+XPDQ5LJKWVDFFRUGLQJWR0LQLVWU\RI/DERU¶VVHYHUDQFHFDOFXODWLRQVIRUHDFKZRUNHU
)XQGV'XH
4XHW]DOHV
86'ROODUV
4
4
4
7RWDO:RUNHUVLQWRWDO
4
³(FRQRPLF$GYDQWDJHV´FRPSHQVDWLRQRIVHYHUDQFH
4
i779CCR9_:8BdC
679ARD9CddB8d
$:RUNHUV(PSOR\HG8QWLO&ORVXUHZRUNHUV
%5HVLJQDWLRQVZRUNHUV
&'HFHDVHGZRUNHUV
Y15)$+#*L$.4#*E+g[L1*1@#L+=4M)*5)E-&h
1RWHV
7KHZRUNHUVHPSOR\HGXQWLO$OLDQ]D
VFORVXUHZRUNHGDQDYHUDJHRI\HDUVDQGDUHRZHGDQDYHU
DJHRI$PRQJWKHHPSOR\HGXQWLOWKHHQGZRUNHUVKDGZRUNHGEHWZHHQ¿YHDQGWHQ
\HDUVDW$OLDQ]D7KH\DUHRZHGDQDYHUDJHRI
7KLUW\HLJKWRIWKHZRUNHUVZKRORVWWKHLUMREVZKHQ$OLDQ]DFORVHGLQ0DUFKKDGZRUNHGWHQRU
PRUH\HDUVDW$OLDQ]D7KH\DUHRZHGDQDYHUDJHRILQOHJDOO\GXHZDJHVEHQH¿WVDQGVHYHUDQFH
SD\
7KHZRUNHUVZKRUHVLJQHGEHWZHHQDQGDQGDUHDVNLQJIRU&($'(/
VKHOSDUHRZHGDQ
DYHUDJHRI
7KHIDPLOLHVRIWKUHHZRUNHUVZKRGLHGZKLOHHPSOR\HGDW$OLDQ]DKDYHDOVRDVNHG&($'(/¶VKHOSVLQFH
WKH\KDYH\HWWREHSDLGZKDWWKHZRUNHUVZHUHRZHG
!"#$%&$'9+/:3/)'<32$%<#%4'@$0'"34$""0'<73'.*328
18
!L"^M/("OWL]"A-%%-'4"^8/G",'"_XS"C'(D/(+""
2;9%'N/G"=4,-%"3$.,'(NY+"#%'+*(/"
&XUUHQF\86'ROODUV([FKDQJHUDWH 474
1R
1DPH
6WDUW'DWH
0RQWKV
:RUNHG
6HYHUDQFH
9DFDWLRQ
3D\
,"0RQWK
1&(2*
,"0RQWK
1&(2*
3(4-+'$
:DJH
3(4-+'$
,QFHQWLYH
3D\
7RWDO2ZHG
$GHOLR;;;;;
$GROIR;;;;;
$GULDQ;;;;;
$HULFD;;;;;
$OED;;;;;
$OED;;;;;
$OIUHGR;;;;;
$OLFLD;;;;;
$OLFLD;;;;;
$OLFLD;;;;;
$OLGD;;;;;
$OPD;;;;;
$OYDUR;;;;;
<HQ\;;;;;
<RYDQ\;;;;;
=D\GD;;;;;
=XOPD;;;;;
$OEHUWR;;;;;
!&,-0*
797RD9:8_B7:
³(FRQRPLF$GYDQWDJHV´FRPSHQVDWLRQWRZRUNHUVZKRORVHEHQH¿WVUHODWLQJWRWKHLUMREVRIVHYHUDQFH
7RWDOLQFOXGLQJ(FRQRPLF$GYDQWDJHV
'RZQORDGDOOUHFRUGV
19
`L"3*4G+"^8/G",'"SV"C'(D/(+"C6'"1/+-F4/G
1R
1DPH
6WDUW'DWH
1-*#$
:DJH
6HYHUDQFH
2ZHG
9DFDWLRQ
2ZHG
,"0RQWK
1&(2*
,"$0RQWK
1&(2*
3(4-+'$
:DJH
7RWDO'XH
$GLGD;;;;
$OPD;;;;
$QD;;;;
$UDFHOL;;;;
$XUD;;;;
$XUD;;;;
%ODQFD;;;;
%\UyQ;;;;
%\UyQ;;;;
&DUORV;;;;
&DUORV;;;;
5RVD;;;;
5XEpQ;;;;
6DQWD;;;;
6LOYLD;;;;
6LOYLD;;;;
6RVWHQHV;;;;
9LOPD;;;;
:DUQHU;;;;
:HOLQJWRQ;;;;
:LOVRQ;;;;
6_89R88BDR
!&,-0*
0RVWRIWKHVHZRUNHUVDUHQRWRZHGVHYHUDQFHSD\VLQFHWHFKQLFDOO\WKH\UHVLJQHG
'RZQORDGDOOUHFRUGV
20
#L"3*4G+"^8/G",'"3$;-%-/+"'&"
>6(//"a/./$+/G"C'(D/(+
1R
1DPH
-XiQ;;;;
-XQD;;;;
*LOEHUWR;;;;
6WDUW'DWH
'DWHRI
'HDWK
%DVH:DJH
6HYHUDQFH
2ZHG
9DFDWLRQ
2ZHG
,"0RQWK$
1&(2*
,"0RQWK$
1&(2*
7RWDO'XH
1$
1$
1$
1$
1$
7RWDOV
6R9Q:CBA:
³(FRQRPLF$GYDQWDJHV´FRPSHQVDWLRQWRZRUNHUVZKRORVHEHQH¿WVUHODWLQJWRWKHLUMREVRIVHYHUDQFH
7RWDOLQFOXGLQJ(FRQRPLF$GYDQWDJHV
+
=$#)*>)+H;-)5&"1%+I)&+`15+=$1*=+!)55-2*+1K+0122.%5#1*
,Q&($'(/LQFROODERUDWLRQZLWKWKH86EDVHG,QVWLWXWHIRU*OREDO/DERXUDQG+XPDQ
5LJKWVH[SRVHGPDVVLYHFRUUXSWLRQDWWKH?2#U1+K)L512PZKHUHPDQDJHPHQWURXWLQHO\UREEHG
WKHZRUNHUVRIPLOOLRQVRIGROODUVE\FKHDWLQJWKHPRIWKHLUEHQH¿WVXQGHUWKH*XDWHPDODQ6RFLDO
6HFXULW\,QVWLWXWH²GHQ\LQJWKHPWKHLUKHDOWKFDUHPDWHUQLW\OHDYHEHQH¿WVIRUSHRSOHZLWKGLV
DELOLW\DQGSHQVLRQV:RUNHUVZHUHDOVRVKRUWFKDQJHGLQWKHLUZDJHVDQGRIWHQGHQLHGWKHLUVHYHU
DQFHEHQH¿WV7KHZRUNHUVKDGQRULJKWWRRUJDQL]HWRLPSURYHZRUNLQJFRQGLWLRQV
21
!%-$45$"3$+6-'4"C'(D/(+"
^(F$4-5/"!"I/F$%"=4-'4
^4%N">'"`/"3-(/G">6/"7$;/"a$Nb
2Q0DUFKDJURXSRI$OLDQ]DZRUNHUVRUJD
QL]HGD³&RDOLWLRQRI:RUNHUV´ZKLFKLVWKH¿UVWVWHS
WRZDUGRUJDQL]LQJDXQLRQ7KH&RDOLWLRQRI:RUNHUV
ZDVOHJDOO\UHJLVWHUHGEHIRUHWKH*HQHUDO/DERU,QVSHF
WRURIWKH&LW\RI&KLPDOWHQDQJR
J)*)E-@-*5W&+2-&%1*&-+;)&+&;#K5B++]*+J)2L"+
DQGVL[W\$OLDQ]DZRUNHUVZHUH¿UHG²
#*L$.4#*E+)$$+1K+5"-+K1.*4#*E+@-@U-2&+1K+5"-+
01)$#5#1*+1K+I12<-2&9+;"1+;-2-+&.%%1&-4$P+
%215-L5-4+UP+$);+K21@+5-2@#*)5#1*B
2Q0DUFKWKH&RDOLWLRQRI:RUNHUVUHFHLYHGWKHLU
OHJDOUHFRJQLWLRQXQGHUWKH*XDWHPDODQ/DERU&RGH$
ODERUMXGJHLQ&KLPDOWHQDQJRVWDWHGWKDWWKHIRXQG
LQJPHPEHUVRIWKH$OLDQ]DXQLRQFRXOGQRWEHWHUPL
QDWHGZLWKRXWSULRUDXWKRUL]DWLRQE\DMXGJH
7KHXQLRQ¿ULQJVZHUHFOHDUO\LOOHJDOVLQFHWKHIRXQG
LQJPHPEHUVRIWKH&RDOLWLRQRI:RUNHUVZHUHOHJDOO\
VKLHOGHGIURPWHUPLQDWLRQ0RUHRYHUWKH*XDWHPDODQ
/DERU&RGHSURKLELWV¿ULQJRIZRUNHUVEHFDXVHRIWKHLU
XQLRQDI¿OLDWLRQ
7KHZRUNHUVWKHQSUHVHQWHGWKHLUGHPDQGVWR$OLDQ]D¶V
PDQDJHPHQWUHJDUGLQJWKHJURVVODERUULJKWYLRODWLRQV
LQWKHSODQW7KHZRUNHUV¶GRFXPHQWVZHUHVHQWWKURXJK
WKH/DERU,QVSHFWRU¶VRI¿FHWRWKH0LQLVWU\RI/DERU
7KHLOOHJDOO\¿UHGZRUNHUVZHUHQHYHUUHLQVWDWHGDQG
ZHUHUREEHGRIWKHOHJDOVHYHUDQFHSD\GXHWKHP,QWKH
HQGWKH0LQLVWU\RI/DERULQ&KLPDOWHQDQJRGLGQRWK
LQJWRKHOS
!"#$%&$'9+/:3/)'<32$%<#%4'@$0'"34$""0'<73'.*328
22
;$%0'!"#$%&$'9+/:3/)'"#I3'#%'*+23)')#2#"$/'.+'.*#)'+%38
:DJHVDQG%HQH¿WV
$,"!%-$45$"3$+6-'4"3$.,'(N
C$F/+
%HQH¿WVLQ*XDWHPDOD
$VRI-DQXDU\WKHOHJDOPLQLPXPZDJHDW
$OLDQ]DZDVTXHW]DOHVIRUDQHLJKWKRXU
GD\RUDQKRXU
6RFLDO6HFXULW\+HDOWKFDUH$QG3HQVLRQ
7KH*XDWHPDODQJRYHUQPHQWDOVRGHFUHHGDPRQWKO\
ERQXVRITXHW]DOHVWREHDGGHGWRWKH
PRQWKO\ZDJH
7KLVLVKRZWKHJRYHUQPHQWVHWVWKHOHJDOPLQLPXP
ZDJH
$QQXDOZDJH'DLO\ZDJHRI4îGD\VSHU
\HDU 4
0RQWKO\ZDJH$QQXDOZDJHRI4·
PRQWKV 4SOXVWKHJRYHUQPHQW
RUGHUHGERQXVRI4IRUDWRWDOPRQWKO\
ZDJHRI4
7KLVLVWKHOHJDOPLQLPXPZDJHIRUPDTXLODJDUPHQW
ZRUNHUVLQ*XDWHPDODDVRI-DQXDU\
SHUKRXU
DGD\KRXUV
DZHHNKRXUV
SHUPRQWK
SHU\HDU
7KHZRUNHUVKDYHWKHOHJDOULJKWWREHLQVFULEHGLQWKH
*XDWHPDODQ6RFLDO6HFXULW\,QVWLWXWH,*66ZKLFK
SURYLGHVKHDOWKVHUYLFHVPDWHUQLW\OHDYHGLVDELOLW\
FRYHUDJHDQGSHQVLRQV7KHUHDUHQRSULYDWHSHQVLRQ
IXQGVLQ*XDWHPDOD
9DFDWLRQ3D\
7KHZRUNHUVDUHHQWLWOHGWRSDLGGD\VSHU\HDU9D
FDWLRQGD\VDUHSDLGEDVHGRQWKHPLQLPXPPRQWKO\
ZDJHQRWLQFOXGLQJWKH*XDWHPDODQJRYHUQPHQW¶V
4ERQXV
)LIWHHQGD\V¶YDFDWLRQSD\HTXDOVKDOIRIWKHPLQLPXP
PRQWKO\ZDJHRI4ɊRU
&KULVWPDV%RQXV
7KH&KULVWPDVERQXVRU,"0RQWKHTXDOVRQH
PRQWK¶VZDJHQRWLQFOXGLQJWKH4ERQXVZKLFKLV
4
WK0RQWK%RQXV
7KH³,"0RQWK%RQXV´SDLGLQ-XQHLVDOVRHTXDO
WRRQHPRQWK¶VZDJHQRWLQFOXGLQJWKHJRYHUQPHQW¶V
4ERQXVRU4
23
6HYHUDQFH3D\
$FFRUGLQJWR*XDWHPDODQODZDZRUNHUKDVWKHULJKW
WRRQHPRQWK¶VZDJHVQRWLQFOXGLQJ4JRYHUQPHQW
ERQXVSHU\HDURIHPSOR\PHQWXQOHVVWKH\UHVLJQRU
DUH¿UHGIRUFDXVH
O.5+5"-+=$#)*>)+K)L512P+L$1&-4+;#5"1.5+%)P#*E+
5"-+&-M-2)*L-9+U1*.&+)*4+M)L)5#1*+%)P+5"-+;12<'
-2&+;-2-+4.-B
5#(*+&(
$OOFRPSDQLHVDUHREOLJDWHGWRLQVFULEHWKHLUHPSOR\HHV
LQWKHJRYHUQPHQWSHQVLRQV\VWHPDGPLQLVWHUHGE\WKH
*XDWHPDOD6RFLDO6HFXULW\,QVWLWXWH,*66ZKLFKLV
VLPLODUWR6RFLDO6HFXULW\LQWKH8QLWHG6WDWHV$ZRUNHU
ZKRUHDFKHVUHWLUHPHQWDJHRIDQGZKRKDVEHHQ
HPSOR\HG\HDUVRUPRUHLVHQWLWOHGWRDSHQVLRQWKDW
LVVL[W\SHUFHQWRIKLVRUKHUDYHUDJHZDJHRYHUWKHODVW
\HDUVZRUNHG
%XWWKH$OLDQ]DVZHDWVKRSURXWLQHO\IDLOHGWRLQVFULEH
WKHYDVWPDMRULW\RIWKHZRUNHUVLQWKH,*66SHQVLRQ
DQGKHDOWKFDUHV\VWHPDQGSDLGQHLWKHUWKHHPSOR\HU¶V
VKDUHRIWKHOHJDOO\UHTXLUHG,*66GXHVQRUWKHZRUNHUV¶
VKDUHWKRXJKLWZDVGHGXFWHGIURPZRUNHUV¶SD\HYHU\
PRQWK6RWKHPDMRULW\RI$OLDQ]D¶VZRUNHUVZHUHURX
WLQHO\GHQLHGDFFHVVWRKHDOWKFDUHDQGPDWHUQLW\OHDYH
DQGLWZRXOGDSSHDUWKDWPRVWRI$OLDQ]D¶VZRUNHUVKDYH
QRWDFFUXHGSHQVLRQFRQWULEXWLRQVLQWKHLU,*66¿OHV
6HHSDJHIRUHVWLPDWHRIIXQGV$OLDQ]D)DVKLRQ¶V
PDQDJHPHQWIDLOHGWRSD\WKH*XDWHPDODQ6RFLDO6HFX
ULW\,QVWLWXWH
24
A$++-M/">$K"`(/$D+"&'(""
,6/"#'((*9,"!%-$45$"3$+6-'4"3$.,'(N""
-4":*$,/;$%$
86WDULIIEUHDNVUHZDUGRXWVRXUFLQJWRVZHDWVKRSVOLNH$OLDQ]D)DVKLRQ$
*RRGVPDGHXQGHULOOHJDOFRQGLWLRQVHQWHUWKH86GXW\IUHH
³*XDWHPDODSURYLGHVWD[H[HPSWLRQVWRLQYHVWRUVLQIUHH
WUDGH]RQHVDQGPDLQWDLQVGXW\GUDZEDFNSURJUDPV
DLPHGPDLQO\DWJDUPHQWPDQXIDFWXULQJDQGDVVHPEO\
RSHUDWLRQVRUµPDTXLODGRUDV¶¿UPVWKDWDUHSHUPLWWHGWR
RSHUDWHRXWVLGHDIUHHWUDGH]RQHDQGVWLOOUHFHLYHWD[DQG
GXW\EHQH¿WV«,QYHVWRUVLQWKLVVHFWRUDUHJUDQWHGD
\HDUH[HPSWLRQIURPERWKLQFRPHWD[HVDQGWKH6ROL
GDULW\7D[ZKLFKLV*XDWHPDOD¶VWHPSRUDU\DOWHUQDWLYH
PLQLPXPWD[$GGLWLRQDOO\FRPSDQLHVDUHJUDQWHGDQ
H[HPSWLRQIURPSD\PHQWRIWDULIIVDQGYDOXHDGGHGWD[HV
RQLPSRUWHGPDFKLQHU\DQGDRQH\HDUVXVSHQVLRQH[
WHQGDEOHWRDVHFRQG\HDURIWKHVDPHWDULIIVDQGWD[HV
RQLPSRUWVRISURGXFWLRQLQSXWVDQGSDFNLQJPDWHULDO
7D[HVDUHZDLYHGZKHQWKHJRRGVDUHUHH[SRUWHG´
Ɋ8QLWHG6WDWHV7UDGH5HSUHVHQWDWLYH$
³)RUHLJQ7UDGH%DUULHUV*XDWHPDOD´
7D[H[HPSWLRQVIRUH[SRUWIDFWRULHV*XDWHPDOD

7RWDOH[HPSWLRQRQSUR¿WVXQGHULQFRPHWD[HV$
7KLUW\RQHSHUFHQWWD[RQFRPSDQ\SUR¿WVLQ
²ZDLYHG

([HPSWLRQIURP9DOXH$GGHG7D[$
7ZHOYHSHUFHQWYDOXHDGGHGWD[RQH[SRUWVLP
SRUWVVHUYLFHV²ZDLYHG

([HPSWLRQIURP6ROLGDULW\7D[$
2QHSHUFHQWWD[RQWRWDODVVHWVRIDFRPSDQ\²
ZDLYHG

([HPSWLRQIURPWD[HVRQUHDOSURSHUW\$
SHUFHQWWD[RQSURSHUWLHVYDOXHGDWRYHU
4²ZDLYHG
6RXUFH'HORLWWH³*XDWHPDOD7D[*XLGH´
25
!GG/4G$
!L"`$+-."3''G"`$+D/,"-4":*$,/;$%$
$OLDQ]D:RUNHUV¶:DJHV,QVXI¿FLHQWWR&RYHUD)DPLO\¶V%DVLF)RRG1HHGV
,Q2FWREHUWKH*XDWHPDODQ*RYHUQPHQWV1DWLRQDO6WDWLVWLFV,QVWLWXWH,1(FDOFXODWHGWKDWWKHDYHUDJH
IDPLO\PHPEHUVZRXOGQHHGC9:A7BR8+e.-5>)$-&+/6RdRBRA3+%-2+@1*5"WRVDWLVI\WKHLUPLQLPXP
QXWULWLRQDOQHHGV7KHIDPLO\PXVWVSHQGSHUGD\IRUIRRGRUSHUGD\SHUSHUVRQRUFHQWVD
PHDOWRPHHWWKH³QXWULWLRQDOPLQLPXPWRVDWLVI\DWOHDVWWKHHQHUJ\DQGSURWHLQQHHGVRIWKHDYHUDJHKRPH´
DFFRUGLQJWR,1(O.5+L1*4#5#1*&+)2-+-M-*+;12&-+K12+5"-+E)2@-*5+;12<-2&+)5+=$#)*>)+?)&"#1*9+
ZKRHDUQMXVWSHUPRQWKDGD\LQVXI¿FLHQWWRFRYHUWKHDYHUDJHIDPLO\¶VIRRG
*--4&9+$-5+)$1*-+15"-2+-F%-*&-&B
&RVWWR$FTXLUHWKH%DVLF)RRG%DVNHW2FWREHU
_O-*$%43'/$.3`'SE8\\'a'6M^'b8[D
3URGXFW
8QLWRIPHD
VXUH>SULFHG@
)DPLO\FRQVXPSWLRQSHUGD\
$YHUDJHSULFH
SHUPHWULF
2(+,
'LIIHUHQFHIURP
SUHYLRXVPRQWK
4XHW]DO
'DLO\&RVWSHUIDPLO\
4XHW]DO
*74
86'ROODUV
86'
6RXUFUHDP
60
POR]
)UHVKFKHHVH
JUV
JUVR]
3DVWHXUL]HGPLON
60
POR]
3RZGHUHGPLON
JUV
JUVR]
&KLFNHQ
JUV
JUVR]
%HHIERQHVZLWKPHDW
JUV
JUVR]
(JJV
JUV
JUVR]
%ODFN%HDQV
JUV
JUVR]
6HFRQGTXDOLW\ULFH
JUV
JUVR]
&RUQWRUWLOODV
JUV
JUVOEV
&RPPRQEUHDGUROOV
JUV
JUVR]
6ZHHWUROOV
JUV
JUVR]
1RRGOHVIRUVRXS
JUV
JUVR]
:KLWHVXJDU
JUV
JUVR]
0DUJDULQH
JUV
JUVR]
&RRNLQJRLO
60
POR]
*XLVTXLO>VTXDVK@
JUV
JUVR]
VWULQJEHDQV
JUV
JUVR]
7RPDWRHV
JUV
JUVR]
2QLRQV
JUV
JUVR]
3RWDWRHV
JUV
JUVR]
5LSHEDQDQDV
JUV
JUVR]
5LSH3ODQWDLQ
JUV
JUVR]
&RIIHH
JUV
JUVR]
.LWFKHQVDOW
JUV
JUVR]
&DUERQDWHGGULQNV
60
POR]
f)#$P+?)@#$P+01&5
J1*5"$P+L1&5+1K+O)&#L+?114+O)&<-5+K12+)+K)@#$P
>+7/-3`'67$.32$"$%'6+I3/%23%.)'L$.#+%$"'>.$.#).#-)'A%).#.7.3'XAL_Z5'L+I32G3/'D\EN8'
26
`L"!4"^9/4"I/,,/("JN"!%-$45$"3$+6-'4"C'(D/(+"
7ZRKXQGUHG$OLDQ]DZRUNHUVULVNHGWKHLUOLYHVWRVLJQWKLVOHWWHU$
$OOWKH\ZDQWLVMXVWLFHDQGWKHZDJHVDQGEHQH¿WVWKH\DUHRZHG
>7UDQVODWLRQ@
*XDWHPDOD2FWREHU
6LUV
>5HSUHVHQWDWLYHVRIWKH/DEHOV@
:HZLVK\RXEOHVVLQJVLQ\RXUGDLO\ODERUV
7KLVOHWWHULVWRLQIRUP\RXRIRXUIHHOLQJDVDJURXS>WKDW@RXUULJKWVDVZRUNHUVDQGDVFLWL]HQVKDYH
EHHQYLRODWHG(LJKWPRQWKVKDYHSDVVHGVLQFHWKHFORVXUHRIWKHFRPSDQ\DQGWRGDWHZHKDYHQRW
REWDLQHGDQ\SRVLWLYHUHVSRQVH$PRQJWKRVHKDUPHGHFRQRPLFDOO\DUHVLQJOHPRWKHUVDQGVRPHZKR
DUHSUHJQDQWZKRVXIIHUEHFDXVHWKH\GRQRWKDYHZRUN$QG>GXHWR@GLVFULPLQDWLRQDJDLQVWDOOWKHH[
ZRUNHUVEHFDXVHRIWKH$/,$1=$0RGDV$OLDQ]DDQG,QGXVWULDO'%FDVHGHQ\LQJWKHRSSRUWXQLW\IRU
ZRUNLQRWKHUFRPSDQLHV7KHQHHGVWKDWDOOHQFRXQWHUDUHWKHGHEWVZHKDYHLQFXUUHGLQWKHKRSHWKDW
EHQH¿WVZRXOGEHUHWXUQHGWRXVIRUZRUNDOUHDG\GRQH
:HDVN\RXWREHFRQVFLHQWLRXVLQSD\LQJ>WKHVH@EHQH¿WVVLQFHZHKDYHPDQ\H[SHQVHVZKLFKZHKRSH
WRUHVROYH)RUH[DPSOHVFKRROIHHVIRUVFKRROVXSSOLHVXQLIRUPVGHEWVLQFXUUHGIRUIRRGDQG
HQGRI\HDUFRVWV<RXGRQRWVXIIHUWKHSDLQVWKDWZHGRFOHDUO\IHHO>(@[WHQG\RXUKDQGLQFRQVFLHQFH
9HU\6LQFHUHO\
:RUNHU5HSUHVHQWDWLYHV
$OLDQ]D)DVKLRQ
27
28
#L"0(/++"#'M/($F/"'&"I$J'("0('J%/;+""
"""""$,"!%-$45$"3$+6-'4
2YHUWKH\HDUVLQFOXGLQJLQ'HFHPEHUDQG-DQXDU\*XDWHPDODQSUHVVFRYHUHGZRUNHUHIIRUWVWRSUHVV
$OLDQ]DPDQDJHPHQWWRSD\WKHLUOHJDOZDJHVDQGEHQH¿WV
J)e.#$)+[@%$1P--&+f-@)*4+!)P
(LJKWKXQGUHGHPSOR\HHVRIWKH$OLDQ]D)DVKLRQ,QGXVWULHV%'>VLF@PDTXLODLQWKHFHQWHURI&KL
PDOWHQDQJRRFFXSLHGWKHIDFLOLW\WRGHPDQGWKHLUEDFNZDJHVDQGEHQH¿WV
7KHDIIHFWHG>ZRUNHUV@LQIRUPHGWKDWWKH\DUHRZHGWKUHHGD\SD\SHULRGVWKH,"$6&(,"$-('$
,"PRQWKERQXVHVZKLFKLVZK\WKH\GHFLGHGWRRFFXS\WKHLQVWDOODWLRQV
³,WLVGLVWXUELQJWKDWGXULQJWKHODVW\HDUHYHU\WLPHWKDWWKHSD\SHULRGHQGHGWKH\SDLGXVZKDW
WKHERVVHVIHOWOLNHVLQFHZHKDYHUHFHLYHGSD\RI4>@DQG4>@ZKHQRXU
ZDJHVDUHEHWZHHQ4>@DQG4>@HYHU\GD\V´VDLG5DPRQ*XWLHUUH]
RQHRIWKHDIIHFWHGZRUNHUV
0LJXHO&RORPDQRWKHUHPSOR\HHFRPPHQWHGWKDWHYHU\GD\WKHUHLVDEXVHDJDLQVWWKHZRUNHUV
LQFOXGLQJFDVHVRIUDFLVWLQVXOWVDQGGLVFULPLQDWLRQ
0LJXHO*DUDELWRDZRUNHUFRPPHQWHGWKDWWKHHPSOR\HHVRIVDLGIDFWRU\KDYHKDGWREHDUWKLV
NLQGRIDEXVHGXHWRDODFNRIHPSOR\PHQWRSSRUWXQLW\LQWKHGHSDUWPHQW>GLVWULFW@
+HUHFDOOHGWKDWWKDWWKH\DUHKRSLQJWRJHWWKHLU,"0RQWKERQXVDVZHOODVWKH,"$6&(,"$-('$
WKUHHSD\SHULRGV
7HUHVD/ySH]DQRWKHUHPSOR\HHVWDWHGWKDWWKHPDMRULW\RIZRUNHUVGRQRW>JHWWR@HQMR\YDFDWLRQV
VLQFHWRDVNIRUWKHPLVDOPRVW>FHUWDLQ@¿ULQJ
³:HFDOFXODWHWKDWWKH\RZHHYHU\ZRUNHUDERXW4>@ZKLFKWUDQVODWHVWR4PLOOLRQ
>@DQGZHDUHDIUDLGWKHRZQHUVZLOOGHFODUHEDQNUXSWF\DQGQRWSD\XV´VKHFRPPHQWHG
(QULTXH5RVDOHVRIWKHFRPSDQ\DGPLQLVWUDWLRQODPHQWHGWKHVLWXDWLRQWKDWWKHIDFWRU\LVJRLQJ
WKURXJKDQGSRLQWHGRXWWKDWWKH\KRSHWKHJHQHUDOPDQDJHURIWKHIDFWRU\ZLOODUULYHQH[W)ULGD\WR
VHHNDVROXWLRQWRWKHSUREOHP
7KH\ZLOOSD\GHEW
7KHDGPLQLVWUDWLYHPDQDJHU/XLV/HHDVVXUHGWKDWWKHGHOD\ZDVGXHWRDFOLHQWGHOD\LQJSD\PHQW
IRUPHUFKDQGLVHEXWWKDWWKHGHEWZRXOGEHSDLGWRWKHHPSOR\HHV
PDTXLODGRUDHPSOR\HHVRI&KLPDOWHQDQJRGHPDQGWKHLUEHQH¿WV>SD\@
3UHQVD/LEUH-DQXDU\7UDQVODWLRQE\WKH,QVWLWXWH2ULJLQDODUWLFOHLQ6SDQLVK
29
gI12<-2&+]LL.%P+J)e.#$)+#*+0"#@)$5-*)*E1h
6RPHZRUNHUVRIWKH$OLDQ]D)DVKLRQPDTXLODORFDWHGRQWKHURXWHEHWZHHQ$QWLJXDWR7HMiU
&KLPDOWHQDQJRWRRNRYHUWKDWFRPSDQ\¶VIDFLOLWLHVDVDSUHVVXUHWDFWLFWRGHPDQGWKHLUULJKWVDQG
WKDWWKHWZRZHHNV¶SD\GXHWKHPEHLVVXHG
7KHRFFXSDWLRQRIWKHPDTXLODGRUDRFFXUUHGDIWHUWKHHPSOR\HHVKDGEHHQQRWL¿HGWKDWWKHZDJH
SD\PHQWZRXOGQRWEHPDGHXQWLOQH[W7KXUVGD\ZKHQLWVKRXOGKDYHEHHQPDGHDVRIODVW6DWXU
GD\
$VD¿UVWPHDVXUHWKHHPSOR\HHVEORFNHGWKHSDVVDJHRIYHKLFOHVDW.PRIWKHURXWHIURP$QWL
JXDWR7HMDUZKHUHWKHPDTXLODGRUDLVORFDWHG
&KLHIRISHUVRQQHO/XLV/HHLQGLFDWHGWKDWWKHSD\PHQWZLOOEHPDGHEXWWKHZRUNHUVDUHQRW
ZLOOLQJWRZDLW´7KHSUREOHPLVQRWODFNRIZLOOLQJQHVVWRSD\EXWUDWKHUWKHWLPHLWWDNHVIRUWUDQV
IHUVIURPWKH8QLWHG6WDWHV:HJLYHWKHH[SRUWDWLRQVWRWKH$PHULFDQFOLHQWVEXWWKH\GRQ¶WSD\XV
XQWLOWKH\UHFHLYHWKHSURGXFW7KLVFDXVHVGHOD\´KHGHFODUHG
3UHQVD/LEUH'HFHPEHU7UDQVODWLRQE\WKH,QVWLWXWH2ULJLQDODUWLFDOLQ6SDQLVK
³0DTXLOD:RUNHUV'HPDQG3D\PHQWRI/DERU%HQH¿WV´
&DSWLRQ$JURXSRIZRUNHUVSURWHVWVLQIURQWRIWKH$OLDQ]D)DVKLRQPDTXLODLQ&KLPDOWHQDQJR
:RUNHUVRIDPDTXLODWKDWRSHUDWHVLQ&KLPDOWHQDQJRGHQRXQFHGVHFXULW\IRUFHVUHSUHVVLRQDQG
GHPDQGHGSD\PHQWRIWKHLURYHUGXHZDJHVDQGEHQH¿WV
,QDSUHVVFRQIHUHQFHDJURXSRIZRUNHUVIURPWKH$OLDQ]D6$PDTXLODGHQRXQFHGWKDWWKH\ZHUH
WKHYLFWLPVRIUHSUHVVLRQE\VHFXULW\IRUFHVWKHQWKH\GHPDQGHGSD\PHQWRIWKHLUZDJHVDQGEHQ
H¿WVLQDSHDFHIXOPDQQHULQIURQWRIWKDWFRPSDQ\
0DUtD(XJHQLD'tD]FRRUGLQDWRURIWKH:RPHQ¶V5LJKWV3URJUDPVWDWHGWKDWDQXPEHURIZRPHQ
VWLOOVKRZHGV\PSWRPVRI>WHDUJDV@SRLVRQLQJDQGSROLFHEORZV
)ORULGDOPD&RQWUHUDVDODERUWUDLQHUGHFODUHGWKDWRQFHFRPSDQLHVIXQFWLRQIRU\HDUVWKH\
FORVH
3UHQVD/LEUH'HFHPEHU7UDQVODWLRQE\WKH,QVWLWXWH2ULJLQDODUWLFDOLQ6SDQLVK
30
aL"#';9$4-/+"^*,+'*(.-4F",'""
"""""!%-$45$"3$+6-'4
)RUWKHODVW\HDUVWKH$OLDQ]DIDFWRU\LQ*XDWHPDOD
ZDVUXQDVDURJXHRSHUDWLRQE\LWVFRUUXSWRZQHU%RQJ
&KRRQ3DUNZKRVWROHPLOOLRQVRIGROODUVLQZDJHV
DQGEHQH¿WVIURPRYHUDWKRXVDQGZRUNHUVZKRZHUH
VWULSSHGRIWKHLUULJKWV
2YHUWKHODVW\HDUVRYHU86ODEHOVDQGUHWDLOHUV
KDYHRXWVRXUFHGWKHLUSURGXFWLRQWRWKH$OLDQ]DVZHDW
VKRS
,QMXVWUHWDLOHUVDFFRXQWHGIRUPLOOLRQJDU
PHQWVVHZQDW$OLDQ]DɊMDFNHWVSDQWVYHVWVVNLUWVDQG
GUHVVHVIRUER\VPHQDQGZRPHQ
Y"2--+2-5)#$-2&+41@#*)5-4Z++j0!-**-P
JDUPHQWVJ)LPW&JDUPHQWVDQGN1"$W*$
JDUPHQWV
,QWKH¿UVWTXDUWHURIEHIRUHWKHIDFWRU\VKXWGRZQ
LQ0DUFKWKHUHZHUHRUGHUVIRUFORVHWRJDU
PHQWVDWWKHSODQWIRU86FRPSDQLHVLQFOXGLQJ
?#&"@)*+k+Y1U#*+l+S#+k+?.*E+FORVHWR
JDUPHQWV
j0!-**-P+JDUPHQWV
`124&521@+YHVWV
O.2$#*E51*+01)5+?)L512P+
Y"-+J-*W&+I-)2"1.& N1"$W&+f-%)25@-*5+H512-&
H-)2&+,1$4#*E+012%B
:RUNHUVDOVRFRQ¿UPHGWKDWWKH\ZHUHVHZLQJ39+
³&DOYLQ.OHLQ´MDFNHWVSDQWVDQGYHVWV
$OLDQ]D¶V7RS&OLHQWVLQ
5HWDLOHU
([SRUW4XDQWLW\
'UHVV
-&3HQQH\
-DFNHW
0DF\¶V
5-(,*
6NLUW
9HVW
!&,-0
.RKO¶V
%RQ7RQ
'UHVVEDUQ
6HDUV
:DO0DUW
0DUVKDOOV
&DWKHULQHV
%HON
3HHEOHV
5RVV
%RVFRY¶V
6WDJH
'LOODUG¶V
SURGXFWLRQGRFXPHQWDYDLODEOHRQOLQH
31
!"#
$%&'(%)*
39+&RUSLVWKHZRUOG¶VODUJHVWVKLUWDQGQHFNZHDU
FRPSDQ\&DOYLQ.OHLQDQG7RPP\+LO¿JHUDF
FRXQWIRUFORVHWRSHUFHQWRILWVRSHUDWLQJSUR¿WV
&DOYLQ.OHLQMDFNHWVSDQWVDQGYHVWVZHUHFRQWUDFW
P%!\dQdSV
HGRXWWR$OLDQ]D)DVKLRQ
RUÔ
I%!
&e
&+
WKURXJK)LVKPDQ7R
ELQ*OREDOUHWDLOVDOHV
RI&DOYLQ.OHLQZHUH
DERXWELOOLRQLQ
RYHUFRXQWULHVLQ
7RWDOFRPSHQ
VDWLRQIRU39+¶V&(2
ZDVPLOOLRQLQ
$VWKHODUJHVWUHWDLOHULQWKHZRUOG:DO0DUW6WRUHV
RSHUDWHVRYHUUHWDLOXQLWVLQFRXQWULHV,I
:DO0DUWZHUHDFRXQWU\LWZRXOGEHWKHZRUOG¶V
,"ODUJHVWHFRQRP\2UGHUVSODFHGE\
)LVKPDQ7RELQDQG/DQG
^TOI%!&+
8% 7
TO%;
26
Gd
¶16HDVKRZHGWKDW:DO
8
0DUW¶V³*HRUJH´ZRPHQ¶V
FODVVLFFDUHHUEOD]HUV
ZHUHPDGHLQ$OLDQ]D
)DVKLRQLQDQG
7RWDOFRPSHQ
VDWLRQIRU:DO0DUW¶V
&(2ZDVPLOOLRQ
LQ
(%+,-.
/01&-.
0DF\¶V,QFRSHUDWHVVWRUHVLQWKH86
7KHFRPSDQ\RZQVWZRGLYLVLRQV0DF\¶VDQG
%ORRPLQJGDOH¶V0DF\¶VSULYDWHEUDQGV³$OIDQL´
³-0&ROOHFWLRQV´DQG³6W\OH
#ÛXYQOUI%!&
&R´ZRPHQ¶VSDQWVZHUH
%N8%
+8
Qf
Q
%7
PDGHLQ$OLDQ]D)DVKLRQ
)O
IURPWR
2UGHUVZHUHSODFHGE\
$OID$SSDUHO%ULJJV
DQG.HOOZRRG&RP
SDQ\7RWDOFRPSHQ
VDWLRQIRU0DF\¶V&(2
ZDVPLOOLRQLQ
.RKO¶V&RUSRUDWLRQRSHUDWHVPRUHWKDQ
VWRUHVLQVWDWHVLQWKH863URGXFWLRQ
SDSHUZRUNGDWHG$XJXVWVKRZHGRUGHUV
RI.RKO¶V³&KDSVÉR\V¶MDFNHWVSODFHG
PPI%!&+8%
E\)LVKPDQ7RELQ³6DJ
RUZO
75
82>
U%G
d
+DUERU´ZRPHQ¶VSDQWV
%
Ob
IRU.RKO¶VZHUHPDGHLQ
$OLDQ]D)DVKLRQIURP
-DQXDU\WR$SULO
7RWDOFRPSHQVDWLRQIRU
.RKO¶V&(2ZDV
PLOOLRQLQ
!"#$%&'()*+,'-.##./0
1$2$03$%&'(4*5'-.##./0
PPdVU
>%ed
184
U
dPPdV
%e
.5
8%7
1$2$03$%&'()5+8'-.##./0
e
VU
dPPd
%e
832
.3
dPPdVU
J
!"#$%&'(67+7'-.##./0
32
23!4554,
60)7.*)08
3URGXFWLRQSDSHUZRUNGDWHG0D\WR6HSWHPEHU
VKRZHGRUGHUVRI³9DQ+HXVHQÉR\V¶MDFNHWV
DQGYHVWVIRU-&3HQQH\9DQ+HXVHQLVDGUHVV
VKLUWEUDQGRZQHGE\39+&RUS$FFRUGLQJWR
39+9DQ+HXVHQLVWKH
PPeRUI%(((I
% !&
%&8%?
VU
+
³EHVWVHOOLQJEUDQGHG
fQ
8
G
PHQ¶VZRYHQVSRUWV
VKLUWLQ86'HSDUW
6#(,$-('$7"-+($
VWRUHVLQ´7RWDO
FRPSHQVDWLRQIRU
-&3HQQH\¶V&(2ZDV
PLOOLRQLQ
1RUGVWURPLVDQXSVFDOHIDVKLRQUHWDLOHUWKDW
RSHUDWHV86VWRUHVLQVWDWHVLQFOXGLQJLWV
1RUGVWURPIXOOOLQHVWRUHVDQGRIISULFH1RUGVWURP
5DFN7KHFRPSDQ\LVRSHQLQJVWRUHVLQ&DQDGD
LQ$OLDQ]DSURGXFWLRQ
QXZ[QVeI%!
8%=V
&+
%0
8% 7
SDSHUZRUNGDWHG-XQH
O
T
R
VKRZHGRUGHUVRI
³&E\&DOLEUDWHÉR\V¶
YHVWVIRU1RUGVWURP
7RWDOFRPSHQVDWLRQ
IRU&(2RI-&3HQQH\
ZDVPLOOLRQLQ
1$2$03$%&'())+,'-.##./0
dPPdVU
94%).
(%).1%&&.
6HDUV+ROGLQJV&RUSRUDWLRQRSHUDWHVDOPRVW
IXOOOLQHUHWDLOVWRUHVLQWKH86DQG&DQDGD
WKURXJK6HDUV5RHEXFNDQG&RDQG.PDUW&RUSR
UDWLRQ$OLDQ]D)DVKLRQLQYHQWRU\
VKRZHGRUGHUVRIZRPHQ¶V
%#Re]OQ[I%!&+
RQX
8%7
W
2
FORWKLQJIRU6HDUVLQWKH
&X
VHFRQGKDOIRI
&ORVHWRVKLS
PHQWVZHUHVHQWWR
6HDUVLQ7KHQHW
ZRUWKRI6HDUV¶&(2LV
ELOOLRQ
0DUVKDOOV,QFLVDQRIISULFHDSSDUHODQGKRPH
IDVKLRQUHWDLOHURZQHGE\7-;&RPSDQLHVZKLFK
DOVRRZQV7-0D[[$VRI)HEUXDU\0DU
VKDOOVRSHUDWHVVWRUHVLQWKH86
DQGVL[LQ&DQDGD$SSUR[L
OfQVWd[iI%!&
P%G
+8
%7
PDWHO\VKLSPHQWVRIRYHU !RQV
SLHFHVRIFORWKLQJ
ZHUHVHQWWR0DUVKDOOVLQ
7RWDOFRPSHQVD
WLRQIRU7-;&RPSD
QLHV¶&(2ZDV
PLOOLRQLQ
1$2$03$%&'()5+6,'-.##./0
854
./
PdVU
%edP
U
PPdV
%`d
89
J%
!"#$%&'(85+5'-.##./0
dPPdVU
8>%e
%e
/9
18
66
%7
FP
1$2$03$%&'()8'-.##./0
33
1$2$03$%&'(8+7'-.##./0
1$2$03$%&'(4+7)'-.##./0
%HONLVDGHSDUWPHQWVWRUHFKDLQZLWKRYHU
VWRUHVLQ6RXWKHUQVWDWHVLQWKH86%HONSODFHG
RUGHUVDW$OLDQ]D)DVKLRQWKURXJK%ULJJVDQG)LVK
PDQ7RELQLQDQG3URGXFWLRQRI³.LP
5RJHUV´ZRPHQ¶VSDQWVDQG
Z%G8%FOPT
%NQ
VeR
8I%!
)\
VNLUWVZHUHIRXQGIURP
)HEUXDU\WR6HSWHPEHU
DQGLQ0DUFK
7RWDOFRPSHQ
VDWLRQIRU%HON¶V&(2
ZDVPLOOLRQLQ
$VFHQD5HWDLO*URXS,QFRZQVEUDQGVLQFOXGLQJ
'UHVVEDUQ/DQH%U\DQWDQG&DWKHULQHV$FFRXQW
LQJIRUSHUFHQWRILWVSDUHQWFRPSDQ\¶VQHWVDOHV
LQ'UHVVEDUQZDVRQHRIWKHPDMRUFOLHQWV
RI$OLDQ]D)DVKLRQLQ
dX%NR__OI%!&
;Rb
+8
%7
³0DJJLH%DUQHV´FORWKLQJ
IRU&DWKHULQHVDQG/DQH
%U\DQWZDVSURGXFWHG
DW$OLDQ]DLQ)HEUXDU\
DQG0DUFK
7RWDOFRPSHQVDWLRQ
IRU&(2RI$VFHQDZDV
PLOOLRQLQ
:A)&?5C*05=30%*=D%+*0),
(45-.=$4%)10A.4
!"#$%&'(6+9'-.##./0
.%e
dPPdVU
)RXQGHGLQ7KH0HQ¶V:HDUKRXVHLVDPHQ¶V
DSSDUHOVSHFLDOW\UHWDLOHUZLWKVWRUHV,QODWH
WKHFRPSDQ\¶VSXUFKDVLQJDUP70:3XU
FKDVLQJSODFHGRUGHUVZLWK$OLDQ
]DIRU&DOYLQ.OHLQPHQ¶V
Z%&WOQ[I%!&+8%7
YPR
58
^
6
V
GUHVVSDQWV,QHDUO\
;
$OLDQ]DVKLSSHG
PRUHGUHVVFORWKHVWR
.*)DVKLRQD0HQ¶V
:HDUKRXVHVXEVLG
LDU\7RWDOFRPSHQVD
WLRQIRU0HQ¶V:HDU
KRXVH¶V&(2ZDV
PLOOLRQLQ
U
PPdV
ed
/%
8%7
%XUOLQJWRQ&RDW)DFWRU\LVDGLVFRXQWIDVKLRQFKDLQ
WKDWRSHUDWHVVWRUHVLQWKH867KHFRPSDQ\¶V
RUGHUVZHUHIRXQGLQ$OLDQ]DIURPWR
3URGXFWLRQSDSHUZRUNGDWHG$XJXVW
VKRZHGRUGHUVRI&DOYLQ
"8%JdUYZ`^QfI%!
RZ%
&+
e
.OHLQER\V¶MDFNHWVER\V¶
\V
YHVWVDQGPHQ¶VSDQWVIRU
7RWDOFRPSHQVDWLRQIRU
%XUOLQJWRQ&RDW)DFWR
U\¶V&(2ZDVPLOOLRQ
LQ
)
U
dPPdV
8/%edPPdVU
%74
1$2$03$%&'(4+)'-.##./0
2%e
>8
<.+45%=>4*%?&=@)0AB
8
&+
:4&;
34
/4&&E007
:05'F05
.HOOZRRG&RPSDQ\GHVLJQVPDQXIDFWXUHVDQG
PDUNHWVDQXPEHURIIDVKLRQEUDQGVWKDWFDQEH
ERXJKWLQPDMRUGHSDUWPHQWVWRUHV:RUNHUVDW
$OLDQ]D)DVKLRQPDGHFORWKLQJPRVWO\ZRPHQ¶V
SDQWVIRU.HOOZRRG¶V³6DJ+DUERU´³%ULJJV1HZ
<RUN´DQG³3DQWRORJ\ÍURP
NdPP
HDUO\WRWKHHQGRI
%E
QR
,QYRLFHVVKRZHG
WKDW.HOOZRRGDQG
%ULJJVSODFHGRUGHUV
RIZRPHQ¶VSDQWVWR
EHVROGLQ0DF\¶V
.RKO¶VDQG%RVFRY¶VLQ
ODWHDQGWKURXJK
RXWWKH¿UVWKDOIRI
%RQ7RQ6WRUHV,QFLVDUHJLRQDOGHSDUWPHQW
VWRUHZLWKVWRUHVLQWKHQRUWKHUQ86%RQ7RQ
SODFHGRUGHUVDW$OLDQ]D)DVKLRQWKURXJK%ULJJV
DQGRWKHUFRPSDQLHV,WVFORWKLQJZDVPDQXIDF
WXUHGLQWKHSODQWLQ
RU%#8%HV__e
O UX
RU
FQ
%RQ7RQFDUULHVWKH³9LF
I%
WRU$OIDUR´FORWKLQJDQG
KRPHOLQH:RUNHUV
UHSRUWHGWKDW³9LFWRU
$OIDUR´FORWKLQJIRU
%RQ7RQZDVPDGHLQ
WKHSODQWLQ)HEUXDU\
1$2$03$%&'(6+5'-.##./0
_I%!
8
&+
!
_
UV
&+
)LVKPDQ7RELQ/L)XQJ
-XQH
$OLDQ]D)DVKLRQ)DFWRU\*XDWHPDOD
.
&XVWRPHU)LVKPDQ7RELQ$SSDUHO//&5HWDLO
%UDQG1DPH&DOYLQ.OHLQ
&DOYLQ.OHLQER\VYHVWV
6L]H&ODVV%R\V
51:3/:3/
)LVKPDQ7RELQ/L)XQJ
-XQH
63%
&XVWRPHU'LOODUG'HSDUWPHQW6WRUHV,QF
%UDQG1DPH&/6&%
&ODVV&OXE'LOODUG¶V
%R\V-DFNHWV
51:3/±51
SRO\HVWHUUD\RQ
)LOH
)LOH
)LVKPDQ7RELQ3URGXFWLRQIRU:DO0DUW
'LYLVLRQ:DO0DUW
)DFWRU\$OLDQ]D
'DWH-DQXDU\
)LVKPDQ7RELQSURGXFWLRQ²LWHPV²
SDLUVRI:DO0DUWSDQWVDQG
VHWVRIMDFNHWV
$VRI)HEUXDU\ZKLFK$OLDQ]DZDVVLQNLQJXQGHU
JUDIW)LVKPDQ7RELQZHUHSURGXFLQJGUHVVMDFNHWV
DQGSDQWVIRU:DO0DUW7KH¿UVWRUGHUZDVIRU
JDUPHQWV
)LVKPDQ7RELQ/L)XQJ
'HFHPEHU
.
&XVWRPHU7KH0HQ¶V:HDUKRXVH70:3XUFKDVLQJ
//&
%UDQG&DOYLQ.OHLQ
3URGXFWLRQ0HQ¶VSDQWV6L]H&ODVV%R\V
SRO\HVWHUUD\RQZRRO
51:3/:3/
)LOH
)LOH
35
2L"a'.*;/4,+"7;*FF%/G"^*,"'&""
""""",6/"!%-$45$"3$+6-'4"3$.,'(N
%HORZLVDVDPSOLQJRIWKHGRFXPHQWVUDQJLQJ
IURPRUGHUIRUPVWRVKLSSLQJLQYHQWRULHVVPXJJOHG
RXWIURPWKH$OLDQ]D)DVKLRQIDFWRU\LQ0DUFK
$OOGRFXPHQWVDUHDYDLODEOHRQOLQH6HHWKHIROORZLQJ
SDJHIRUDQLQGH[

$OLDQ]D6KLSSLQJSODQIRUH[SRUWVWR:DO
0DUW-&3HQQH\%XUOLQJWRQ&RDW)DFWRU\6HDUV
.RKO¶V0DUVKDOOVDQGRWKHUFRPSDQLHV)LOH

)LVKPDQ7RELQ-DQXDU\ZHHNO\VKLSSLQJ
SODQVIRURUGHUVWR-&3HQQH\%XUOLQJWRQ&RDW
)DFWRU\)7$SSDUHO70:3XUFKDVLQJ)LOH

)LVKPDQ7RELQ&RPSRQHQW/HGJHUUHSRUW)LOH

7ULEDO6SRUWVZHDU0RQWUHDO&DQDGDDGGUHVVODEHO
)LOH

/LVWRI0DF\¶VRXWVWDQGLQJSXUFKDVHRUGHUVZLWK
VW\OHQXPEHUIDEULFVL]H)LOH

)LVKPDQ7RELQVSHFVIRU1RUGVWURP&ODEHOE\
&DOLEUDWHYHVWVIRU1RUGVWURP)LOH

)LVKPDQ7RELQPDQXIDFWXULQJLQVWUXFWLRQVIRU
&KDSVMDFNHWIRU.RKO¶V)LOH
6XPPDU\RI6DJ+DUERUSURGXFWLRQE\VL]HDQG
WULP)LOH

)LVKPDQ7RELQGHWDLOHGPDQXIDFWXULQJLQVWUXF
WLRQVIRU&DOYLQ.OHLQMDFNHWVDQGSDQWVIRU%XUO
LQJWRQ&RDWIDFWRU\)LOH
$OID$SSDUHORUGHUIRUQHZFRORUVWLFNHUVIRU6DJ
+DUERU)LOH

,QYRLFHIRUIDEULFVDPSOH)LOH

0DF\¶V6W\OH&RSDQWVRUGHUV)LOH

)LVKPDQ7RELQ0DQXIDFWXULQJLQVWUXFWLRQVIRU
9DQ+HXVHQMDFNHWVIRU-&3HQQH\)LOH

6KLSSLQJSODQWR0DF\¶VDQG6HDUV-XO\)LOH

0DQXIDFWXULQJLQVWUXFWLRQVIRU9DQ+HXVHQMDFN
HWVIRU-&3HQQH\)LOH

,QYRLFHIRUZRPHQ¶VSDQWVWR%ULJJV.HOOZRRG
)LOH

&DOYLQ.OHLQYHVWV)LOH

-XQH)LOH

)LVKPDQ7RELQ0DQXIDFWXULQJLQVWUXFWLRQVIRU
&DOYLQ.OHLQSDQWVIRU)7$SSDUHO)LOH

-XQH)LOH

&DOYLQ.OHLQSDQWVIRU7KH0HQ¶V:HDUKRXVH)LOH

0DUFK)LOH

&ODVV&OXEYHVWVIRU'LOODUG¶V)LOH

3URGXFWLRQSODQ6DJ+DUERUIRU.RKO¶V)LOH

,NH%HKDUMDFNHWVIRU)7$SSDUHO)LOH
6KLSSLQJSODQ0DF\¶V6WHLQPDUW%XUOLQJWRQ
%RVFRYV6HDUV3HHEOHV-XO\)LOH

&DOYLQ.OHLQSDQWVIRU)7$SSDUHO)LOH
,QYHQWRU\RIFORWKLQJLWHPVIRU.RKOV6HDUV
0DF\¶V%RQ7RQ%HON)LOH

9DQ+HXVHQMDFNHWVIRU-&3HQQH\)LOH
,QYRLFH6XPPDU\3DFNLQJ/LVWIRU%ULJJV1HZ
<RUN3HUIRUPDQFH0DUFK)LOH
36
X*4-F+)*4+S#*<&+51+!214.L5#1*+f1L.@-*5&+H@.EE$-4+1.5+1K+=$#)*>)+?)&"#1*
1R
'DWH
'RFXPHQW
)LOHQDPH
2UGHUIURP/DQGµ16HD'LVWULEXWLQJRQEHKDOIRI:DO0DUW2YHU
³*HRUJH´VNLUWVDQGMDFNHWV
/$1'16($[OV
/LVWRIIDFWRU\HTXLSPHQW
DGRFXPHQWR0DFKLQH/LVWSGI
&RPSRQHQWOHGJHUUHSRUW)LVKPDQ7RELQ
(3SGI
$FFHVVRULHVUHSRUWRI)LVKPDQ7RELQ¶VRUGHURI-&3HQQH\KDQJWDJV
'RFXPHQWLQFOXGHVVDPSOHVRIMFSFRPFORWKLQJKDQJWDJV
+7SGI
2UGHUIURP/DQGµ16HD'LVWULEXWLQJRQEHKDOIRI:DO0DUW³*HRUJH´
ZRPHQ¶VFDUHHUEOD]HUVLQFODVVLFUHGDQGKHUULQJERQHGHOLYHUHGRQ0D\
)$//¶32[OV
ZRPHQ¶VFDUHHUEOD]HUVLQFODVVLFUHGDQGKHUULQJERQHGHOLYHUHGRQ-XO\
)$//¶32[OV
ZRPHQ¶VFDUHHUEOD]HUVLQEODFNJUH\KHDWKHUKHUULQJERQHQDY\UHGDQG
ZLQWHUZKLWHGHOLYHUHGRQ0D\
)$//¶325(9,6('[OV
2UGHUIURP/DQGµ16HD'LVWULEXWLQJRQEHKDOIRI:DO0DUW
)$//¶32[OV
ZRPHQ¶VFDUHHUEOD]HUVLQEODFNJUH\KHDWKHUKHUULQJERQHQDY\UHGDQG
ZLQWHUZKLWHGHOLYHUHGRQ-XO\
)$//¶325(9,6('[OV
2UGHUIURP/DQGµ16HD'LVWULEXWLQJRQEHKDOIRI:DO0DUW
)$//¶32[OV
6SHFVRI1RUGVWURP&%\&DOLEUDWH$QGUHZ6HHUVXFNHU9HVWIRUER\V
5HSRUWHVGH0HGLGDV$[OV
6KRUWDJHUHSRUWRIRUGHUVIURP)LVKPDQ7RELQ%XUOLQJWRQ&RDW)DFWRU\
.*6XSHUVWRUH-&3HQQH\DQG1RUGVWURP
,1'8675,$'%6+257$*(
5(3257)7[OV
)LVKPDQ7RELQRUGHUVRI³6HDQ-RKQ´DQG³0DGHLQ*XDWHPDOD´
FORWKLQJODEHOV
SGI
/LVWRIFXWWLQJURRPSURGXFWLRQRXWSXWIRUYHVWV
,1'8675,$'%&&25(3257
[OV
3URGXFWLRQUHSRUWIRUWKHZHHN
1HZ)7'DLO\3URGXFWLRQ5HSRUW
,QGXVWULD'%[OV
6KLSSLQJSODQRIRUGHUVIRU-&3HQQH\%XUOLQJWRQ&RDW)DFWRU\)7$S
SDUHODQG70:3XUFKDVLQJ
&RS\RI,1'8675,$'%6+,3
3,13/$13256(0$16[OV
/HWWHUWR*XDWHPDODQ(PEDVV\LQWKH'RPLQLFDQ5HSXEOLFWRUHTXHVWDQ
H[WHQVLRQRIYLVDIRU)LVKPDQ7RELQDXGLWRU
&KLPDOWHQDQJRGH$EULOGHO
GRF
,QYHQWRU\
%$%/.83'$7([OV
)LVKPDQ7RELQGHWDLOHGPDQXIDFWXULQJLQVWUXFWLRQVRI³&DOYLQ.OHLQ´
SDQWVIRU70:3XUFKDVLQJ//&
-B&./1B
.BSGI
SDQWVIRU70:3XUFKDVLQJ//&
-B&./1B
.BSGI
)LVKPDQ7RELQGHWDLOHGPDQXIDFWXULQJLQVWUXFWLRQVRI³9DQ+HXVHQ´
MDFNHWVIRU-&3HQQH\
JHWSGISGI
MDFNHWVIRU-&3HQQH\
-B
9+31BBSGI
YHVWVIRU-&3HQQH\
-B
9+31BBSGI
)LVKPDQ7RELQGHWDLOHGPDQXIDFWXULQJLQVWUXFWLRQVRI³&KDSV´MDFNHWVIRU -B&+11B
.RKO¶V
&BSGI
MDFNHWVIRU%XUOLQJWRQ&RDW)DFWRU\
6B&.+6B
./BSGI
37
MDFNHWVSDQWVDQGYHVWVIRU%XUOLQJWRQ&RDW)DFWRU\
6B&.-6B
./BSGI
MDFNHWVSDQWVDQGYHVWVIRU%XUOLQJWRQ&RDW)DFWRU\
6B&./6B
./BSGI
MDFNHWVDQGSDQWVIRU%XUOLQJWRQ&RDW)DFWRU\
6B&./6B
./BSGI
6KLSSLQJSODQRIRUGHUVIRU%XUOLQJWRQ&RDW)DFWRU\0DF\¶VDQG6HDUV
&RS\RI6+,33,1*3/$1
)LVKPDQ7RELQGHWDLOHGPDQXIDFWXULQJLQVWUXFWLRQVRI³&ODVV&OXEÝHVWV
IRU'LOODUG¶V
-B&&51B<7
3-BSGI
MDFNHWVIRU-&3HQQH\
-B
9++1BBSGI
)LVKPDQ7RELQGHWDLOHGPDQXIDFWXULQJLQVWUXFWLRQVRI³&ODVV&OXE´MDFN
HWVIRU'LOODUG¶V
6B&&11B
63%BSGI
)LVKPDQ7RELQGHWDLOHGPDQXIDFWXULQJLQVWUXFWLRQVRI³,NH%HKDU´MDFNHWV ,%31B
IRU)7$SSDUHO
,BSGI
,QYRLFHRIZRPHQ¶VZRYHQSDQWVWR$OID$SSDUHODQG%ULJJVRI1HZ<RUN
,19$)%5,**6
0,$0,[OV
,QYRLFHRIZRPHQ¶VZRYHQSDQWVWR$OID$SSDUHODQG%ULJJVRI1HZ<RUN
,19$)%5,**6
0,$0,[OV
)LVKPDQ7RELQGHWDLOHGPDQXIDFWXULQJLQVWUXFWLRQVRI³&DOLEUDWHÝHVWV
IRU1RUGVWURP
B&$41B%%B
SGI
YHVWVIRU)7$SSDUHO
-B&.11B
.BSGI
&RORUFRGHVVW\OH,'VDQGVL]HVRI0DF\¶V³-0&ROOHFWLRQ´
&2/251$0(&219(56,21$1'
83&6-0)$//µNHOOZRRG[OV
MDFNHWVIRU-&3HQQH\
-B
9++1BBSGI
YHVWVIRU)7$SSDUHO
-B&.11B
.BSGI
&2/251$0(&219(56,21$1'
83&6-0)$//µ[OV
SDQWVIRU)7$SSDUHO
-B&.$1B
.BSGI
%DQNLQJDSSUDLVDOUHSRUW
D$9$/826SGI
SDQWVIRU)7$SSDUHO
-B&.&1B
.BSGI
&RORUFRGHVVW\OH,'VDQGVL]HVRI0DF\¶V³6W\OH&R´
&2/251$0(&219(56,21$1'
83&66&)$//µ.(//:22'[OV
&2/251$0(&219(56,21$1'
83&6-0)$//µ[OV
,QYRLFHRIZRPHQ¶VZRYHQSDQWVWR$OID$SSDUHODQG%ULJJV.HOOZRRG
,19$)%5,**6
&2,[OV
%DODQFHVKHHWRI0DF\¶VLWHPV
%$/$1&('((%$/$%(/[OV
,19$)%5,**6
&2,[OV
,19$)%5,**6
&2,[OV
,19$)%5,**6
&2,[OV
,19$)%5,**6
0,$0,[OV
&2/251$0(&219(56,21$1'
83&66&635,1*6800(5µ[OV
,19$)%5,**6
&2,[OV
,QYRLFHRI³6DJ+DUERU´ZRPHQ¶VZRYHQSDQWVWR.HOOZRRG
,19$)%5,**6
&2,[OV
38
,19$)%5,**6
&2,[OV
,19$)%5,**6
&2,[OV
,19$)%5,**6
&2,[OV
/LVWRI0DF\¶VRXWVWDQGLQJSXUFKDVHRUGHUV
$OLDQ]D0DF\¶VRXWVWDQGLQJ37FKDUW
-DQ[OV
,19$)%5,**6
&2,[OV
,19$)%5,**6
0,$0,[OV
&2/251$0(&219(56,21$1'
83&6-06SULQJµ[OV
%DODQFHVKHHWRI0DF\¶VLWHPVLQVWRFNDQGVKLSSHGWR$OID$SSDUHO
,19$)%5,**6
&2,[OV
'HF$SU
/LVWRIVKLSPHQWVWR%RQ7RQ%RVFRY¶VDQG6WDJH
&$0%,2'()250$'((0
3$48(0$&<6[OV
6XPPHU
&RORUFRGHVRI0DF\¶V³6W\OH&R´SDQWV
&2/251$0(&219(56,21$1'
83&66SU6XPPHUµ67</(&2[OV
6XPPHU
6XPPDU\RI0DF\¶V³6W\OH&R´SDQWVRUGHUV
0$&<66800$5<83'$7('
[OV
6SULQJ
&RORUFRGHVVW\OH,'VDQGVL]HVRI0DF\¶V³-0&ROOHFWLRQ´SDQWV
&2/251$0(&219(56,21$1'
83&6-06SULQJµ[OV
6SULQJ
&RORUFRGHVVW\OH,'VDQGVL]HVRI0DF\¶V³6W\OH&R´SDQWV
&2/251$0(&219(56,21$1'
83&66SULQJµ67</(&2[OV
6SULQJ
&RORUFRGHVVW\OH,'VDQGVL]HVRI0DF\¶V³6W\OH&R´SDQWV
&2/251$0(&219(56,21$1'
83&66SULQJµ67</(&2[OV
6SULQJ
6XPPDU\RI0DF\¶V³6W\OH&R´SDQWVRUGHUV
0$&<6[OV
)DOO
6XPPDU\RI0DF\¶V³6W\OH&R´DQG³-0&ROOHFWLRQ´SDQWVRUGHU
0$&<6.(//:22'6800$5<
83'$7('[OV
([SRUWIRU:DO0DUW-&3HQQH\%XUOLQJWRQ&RDW)DFWRU\0DUVKDOO¶V6HDUV
.RKO¶VDQG'UHVVEDUQ
&RS\RI:,365'$1,(/[OV
)LOHODEHOVRI)LVKPDQ7RELQ
(7,48(7$6GRF
)LOHODEHOVRI%ULJJV7ULEOH/DQGµ16HD$SSOHVHHG¶VDQG$PHULFDQ$S
SDUHO
HWLTXHWDV[OV
)LOHODEHOVRI%ULJJV7ULEDO&KDUPLQJ6KRSSHV/DQGµ16HD
HWLTXHWDVGRF
0DF\¶V]LSSHUDQGEXWWRQFRORUFRGHV
PDF\¶VUHSO=,33(5%87721&KDUW
[OV
,19$)%5,**6
&2,[OV
,19$)%5,**6
&2,[OV
,19$)%5,**6
&2,[OV
,19$)%5,**6
&2,[OV
,19$)6$*+$5%25
5('/$1'6[OV
,19$)%5,**6
0,$0,UHYLVHG[OV
³6DJ+DUERU´RXWVWDQGLQJRUGHUVWREHVKLSSHGWR.RKO¶V%RVFRY¶V3HHEOHV
DQG6WDJH
6$*+$5%258/7,0$5(9,6,21
'(&$0%,2'((03$48(
[OV
,19$)%5,**6
&2,[OV
$OID$SSDUHO³6DJ+DUERU´QHZFRORUVWLFNHUV
%$/$1&('(32/,%$*67,&.(5
SGI
39
,19$)%5,**6
&2,[OV
5HFHLYLQJUHSRUW$0-,QGXVWULHV
5(&(,9,1*5(32576,=(5
%/$&.[OV
,19$)%5,**6
&2,[OV
,19$)%5,**6
&2,[OV
,19$)%5,**6
&2,[OV
,19$)%5,**6
0,$0,[OV
,QYHQWRU\RI$HURV%ULJJV)DVKLRQ%XJDQG6DJ+DUERUSDQWVVNLUWVDQG
MDFNHWV
672&.&$5721%2;[OV
,QYHQWRU\RIFORWKLQJLWHPVIRU.RKO¶V6HDUV0DF\¶V%RQ7RQDQG%HON
6,=(5,19(1725<
83'$7('[OV
.HOOZRRGFDUWRQER[PDUNLQJ
$)%5:0(752&$5
721(6$/[OV
,19$)%5,**6
&2,[OV
3XUFKDVHRUGHURI%ULJJV
$)%5:0(752&$5
721(6$/,$1=$SGI
3XUFKDVHRUGHURIEXWWRQV
$)+6%2721(6'(/
9$//(SGI
0DF\¶V]LSSHUDQGEXWWRQFRORUFRGHV
PDF\¶VUHSO=,33(5%87721&KDUW
[OV
0DF\¶VWULPFRORUFKDUW
0$&<¶625'(575,0&2/25
&+$57[OV
0DF\¶VWULPFRORUFKDUW
0$&<¶625'(575,0&2/25
&+$57[OV
$OLDQ]D)DVKLRQSXUFKDVHRUGHURIFDUWRQER[HVIRUVKLSPHQWVRI³6DJ+DU
ERU´WR%ULJJV
$)%5:0(752&$5
721(6$/,$1=$[OV
ERU´WR%ULJJV
$)%5:0(752&$5
721(6$/,$1=$[OV
ERU´WR%ULJJV
$)%5:0(752&$5
721(6$/,$1=$[OV
ERU´WR%ULJJV
$)%5:0(752&$5
721(6$/,$1=$&203/(7$
[OV
ERU´WR%ULJJV
$)%5:0(752&$5
721(6$/,$1=$&203/(7$
[OV
ERU´WR%ULJJV
$)%5:0(752&$5
721(6$/,$1=$&203/(7$
[OV
ERU´WR%ULJJV
$)%5:0(752&$5
721(6$/,$1=$&203/(7$
[OV
2UGHUIRUPRIZRYHQODEHOVIRU³&KDUORWWH5XVVH´RXWZHDUGHQLPDQG
LQWLPDWH
$/2UGHUIRUP[OV
3DFNLQJOLVW
$OLDQ]D3DFNLQJOLVW[OV
6KLSSLQJSODQVRIMDFNHWVDQGSDQWV
$/,$1=$6+,33,1*3/$1
[OV
([SRUWRISDQWVWR%ULJJV
(19,2/$9$1'(5,$%5,**6[OV
3DFNLQJOLVW
3XUFKDVHRUGHURI]LSSHUVIRU)LVKPDQ7RELQ
D$))732/<,1'8675,$
SGI
&XWWLQJURRPSURGXFWLRQUHSRUW
$OLDQ]D&&2[OV
40
5HFHLYLQJUHSRUWRIIDEULFIURP&KLQD)LVKPDQ7RELQRUGHUV
$$55)$%5,&5(&(,9('2)
&+,1$,19615(9,6('
SGI
,QYRLFHRIIDEULFVDPSOH
&RPPHUFLDO,QYRLFH6$03/(&$5
2/(:5(1[OV
3XUFKDVHRUGHURI]LSSHUVIRU)LVKPDQ7RELQ
D$))732/<,1'8675,$
SGI
5HFHLYLQJUHSRUWRIIDEULFVDPSOHV
$/55)$%5,&SGI
5HFHLYLQJUHSRUWRIIDEULFVDPSOHV
$/55)$%5,&SGI
&2/251$0(&219(56,21$1'
83&6+2/µ67</(&2[OV
6XPPDU\RI³6DJ+DUERUÍRU.RKO¶VRUGHUV
6$*+$5%25352*5$0
',&,(0%5((1(52UHYLVHG[OV
6XPPDU\RI³6DJ+DUERUÍRU.RKO¶V%RVFRY¶VDQG6WDJHRUGHUV
6$*+$5%25352*5$0
',&,(0%5((1(52[OV
6XPPDU\RI³6DJ+DUERUÍRU.RKO¶V%RVFRY¶VDQG3HHEOHVRUGHUV
6$*+$5%25352*5$0
IPD[OV
0DF\¶VFXWWLQJWLFNHW
UHSRUWHGHFRUWHPDF\VDEULOSGI
2FW1RY
:HHNO\SURGXFWLRQUHSRUW
$OLDQ]D'35)250$7[OV
-XO\
)HEUXDU\
)LVKPDQ7RELQSURGXFWLRQVKRUWDJHDQGVKLSSLQJUHSRUWVRILWHPVIRU
:DO0DUWDQG0LQLNLQ7RJV
$/,$1=$5(3257)7[OV
)LVKPDQ7RELQSURGXFWLRQSODQ
:,3),6+0$172%,1[OV
$FFHVVRU\UHSRUWDQGLQYRLFHVRISULQWHGIDEULFODEHOVIRU:DO0DUWYLD)LVK
PDQ7RELQ
SGI
,QYRLFHRIIDEULFVDPSOHV
&RPPHUFLDO,QYRLFH)$%5,&.5,6
3$5.[OV
,QYRLFHRIIDEULFVDPSOHWR%ULJJV.HOOZRRG
&RPPHUFLDO,QYRLFH)$%5,&&$5
/26*21=$/(6[OV
)DEULFVKHHW
'[OV
3DFNLQJOLVWRIKDQJWDJVIRU)LVKPDQ7RELQ
$/55
SGI
,QYRLFHRI³6HDQ-RKQ´KDQJWDJVWR)LVKPDQ7RELQ
$/55SGI
,QYRLFHRIZRYHQIDEULFVDPSOHVWR%ULJJV.HOOZRRG
&RPPHUFLDO,QYRLFH)$%5,&
3(**<7$0[OV
)DEULFVKHHW
6[OV
,QYRLFHRIZRYHQIDEULFVDPSOHVWR%ULJJV.HOOZRRG
&RPPHUFLDO,QYRLFH)$%5,&
3(**<7$0[OV
$FFHVVRU\UHSRUWRI:DO0DUW³*HRUJH´ZRYHQODEHOV)LVKPDQ7RELQ
SGI
$FFHVVRU\UHSRUWRI:DO0DUW³*HRUJH´ZRYHQODEHOV)LVKPDQ7RELQ
SGI
)DEULFVKHHW
&[OV
)DEULFVKHHW
$[OV
)DEULFVKHHW
%[OV
)DEULFVKHHW
6[OV
)DEULFVKHHW
6[OV
)DEULFVKHHW
6[OV
,QVSHFWLRQRIEXWWRQV
SGI
)DEULFVKHHW
%[OV
)DEULFVKHHW
$[OV
,QYRLFHRI:DO0DUW³*HRUJH´LWHPVWR)LVKPDQ7RELQ
SGI
)DEULFVKHHW
6[OV
,QYRLFHRIIDEULFVDPSOHVWR%ULJJV.HOOZRRG
/26*21=$/(6[OV
41
/26*21=$/(6[OV
)DEULFVKHHW
$[OV
)DEULFVKHHW
%[OV
)DEULFVKHHW
&[OV
&RPPHUFLDO,QYRLFH6,=(5-26+
0,//(5[OV
)DEULFVKHHW
$[OV
3URGXFWLRQVXPPDU\RI0LQLNLQDQG703XUFKDVLQJSDQWVMDFNHWVYHVWV
DQGPRUH)LVKPDQ7RELQ
&RS\RI3URGXFWLRQ6XPPDU\5HSRUW
3HULRG[OV
3URGXFWLRQVXPPDU\RI0LQLNLQDQG703XUFKDVLQJSDQWVMDFNHWVDQG
VXLWV)LVKPDQ7RELQ
3URGXFWLRQ6XPPDU\5HSRUW
3HULRG[OV
/26*21=$/(6[OV
'HFODUDWLRQRIPHUFKDQGLVHRIZRYHQODEHOVIURP$YHU\'HQQLVRQLQ+RQJ
.RQJ
SGI
&RPPHUFLDO,QYRLFH)$%5,&6$0
3/(&+,1$[OV
)DEULFVKHHW
&[OV
)DEULFVKHHW
'[OV
$/55$3=8SGI
6KRUWDJHUHSRUW
$OLDQ]D6+2575(3257)25
0$7[OV
3URGXFWLRQVXPPDU\RI)LVKPDQ7RELQRUGHUVRIVXLWMDFNHWVDQGSDQWV
$OLDQ]D3URGXFWLRQ6XPPDU\
5HSRUW[OV
&2/251$0(&219(56,21$1'
83&66&)$//µ[OV
'HFODUDWLRQRIPHUFKDQGLVHRI:DO0DUW³*HRUJH´ZRYHQODEHOV
'HFODUDFLRQGH0HUFDQFLDVSGI
,QYRLFHRIEXWWRQVWR)LVKPDQ7RELQ
SGI
3DFNLQJOLVW
$OLDQ]D3DFNLQJOLVW5(3
'20[OV
2UGHUIRUPRI:DO0DUW³*HRUJH´ZRPHQ¶VFDUHHUEOD]HUVYLD/DQGµ16HD
)DOOµ[OV
)$//¶32[OV
)$//¶325(9,6('[OV
)$//¶32[OV
)$//¶325(9,6('[OV
)$//¶32[OV
,QIRUPDWLRQRI0DF\¶VKDQJWDJV
0$&<6PLOLWDU\FDUWRQODEHO
[OV
3DFNLQJOLVW
:HHNO\SURGXFWLRQUHSRUW
$OLDQ]D'35[OV
,QYRLFHWR)LVKPDQ7RELQ
$/55SGI
/RDGLQJSURFHGXUHIRU)LVKPDQ7RELQER\V¶VXLWV
/RDGLQJ&RQW3URF%R\V6XLWSGI
QD
&XWWLQJWHPSODWH
&XWWLQJ3UH$GYLVRU\IRUPDW[OV
QD
3ULFHEUHDNGRZQRIVXLWV)LVKPDQ7RELQ
&RS\RI&RQWUDFWRU¶V3ULFH/LVW8S
GDWHG3$5$6.(7[OV
QD
'HWDLOHGPDQXIDFWXULQJLQVWUXFWLRQVIRUMDFNHWV)LVKPDQ7RELQ
6.(7&+),6+0$1SGI
QD
$PHULFDQ$SSDUHOVL]HFKDUWV)LVKPDQ7RELQ
,035(6,21(63$5$),6+0$1[OV
QD
,QVWUXFWLRQVIRUVKLSSLQJRUSDFNDJLQJ)LVKPDQ7RELQ
,16758&&,216),6+0$1*2+GRF
QD
/DQGµ16HDVL]HFKDUW
/$1'16($[OV
QD
6KLSSLQJODEHOIRU7ULEDO6SRUWVZHDU
,035(6,21(675,9$/[OV
QD
,QYHQWRU\RI]LSSHUV
]LLSHUGDOLD[OV
QD
&DUWRQER[ODEHOV
%RRN[OV
42
QD
,QVSHFWLRQUHSRUWWHPSODWH
PHGLGDVGHEXUHXYHULWDV[OV
QD
3DFNLQJUHSRUWRIYHVWVIRU1RUGVWURP
1256752063$&.,1*[OV
QD
,QYHQWRU\
721$/,'$''((/&257(
$[OV
QD
3D\PHQWUHSRUW
8/7,023$*2[OV
QD
,QYHQWRU\RI]LSSHUV
]LLSHUGDOLD[OV
QD
$PHULFDQ$SSDUHOFURSSDQWVVL]HFKDUW
(67,&.(5'(&$-$3$5$$0(5,
&$1$33$5(/[OV
QD
+HDU6RXO&RPSDQ\VKLSSLQJODEHOV
+($57+628/[OV
QD
$PHULFDQ$SSDUHOVKRUWVVL]HFKDUW
,035(6,21(6$0(5,&$1$3
3$5(/[OV
QD
6KLSSLQJER[WHPSODWHVIRU7UDF\(YDQV'UHVVEDUQ)LUVW2SWLRQDQG+DUYH ,035(6,21(6'(&$-$75$&<
%HQDUG
(9$16[OV
QD
6KLSSLQJER[WHPSODWHVIRU7UDF\(YDQV'UHVVEDUQDQG%ULJJV1HZ<RUN
,035(6,21(6'(&$-$[OV
QD
6KLSSLQJER[ODEHOV³+HDUW6RXO&RPSDQ\ÍRU%XUOLQJWRQ&RDW)DFWRU\DQG
3URMHFWLRQ
,035(6,21(6'(&$-$6+($57
628/[OV
QD
$)%5:0(752&$5
721(6$/,$1=$[OV
QD
$)%5:0(752&$5
721(6SGI
QD
6L]HFKDUWRI0DF\¶V³-0&ROOHFWLRQ´DQG³6W\OH&R´
$/,$1=$0$&<¶6RXWVWDQGLQJ
FKDUW[OV
QD
2UGHUFKDUWRI0DF\¶VSDQWV
$OLDQ]DVRXUFHRUGHUV:RUNVKHHW
0$&<6[OV
QD
0DF\¶V³-0&ROOHFWLRQ´KDQJWDJV
+$1*7$*0$&<6-0&2//(&
7,21GRF
QD
0DF\¶V³-0&ROOHFWLRQ´KDQJWDJV
+$1*7$*0$&<6GRF
QD
6L]HEUHDNGRZQRI0DF\¶V³6W\OH&R´
0$&<%5($.'2:1[OV
QD
0HDVXUHPHQWFKDUW
0(','$6'(&,1&+2&87
[OV
QD
6L]HEUHDNGRZQRI0DF\¶V³6W\OH&R´
0$&<66800$5<83'$7('
[OV
QD
3DFNLQJOLVW0DF\¶V
SDFNLQJOLVWPDF\V[OV
QD
&KDUWRIVL]HODEHOVRI0DF\¶V³6W\OH&R´
6,=(/$%(/67</(&2[OV
QD
3DFNLQJOLVW.RKO¶V
$/,$1=$3$&.,1*&+$1*(72
*2+[OV
QD
3DFNLQJOLVW
%RRN[OV
QD
%HON³.LP5RJHUV´KDQJWDJV
+$1*7$*1(:%5,**6GRF
QD
&DUWRQGLPHQVLRQV
&DUWRQV'LPHQVLRQV,,,8SGDWHG[OV
QD
&DUWRQGLPHQVLRQV
&DUWRQV'LPHQVLRQV8SGDWHG[OV
43
3L"!%-$45$"3$+6-'4"#%-/4,"#';9$4N""
""""#'4,$.,"?4&'(;$,-'4
=$K)+=%%)2-$9+SS0B
*UDQG$YH6WH
3DOLVDGHV3DUN1-
=@-2#L)*+=%%)2-$+V$1U)$+012%
-HIIHUVRQ$YH
32%R[
6HFDXFXV1-
3HWHU0DUVHOOD3UHVLGHQW
=&L-*)+\-5)#$+V21.%++
EUDQGVLQFOXGH/DQH%U\DQW&DWKHULQHVDQG'UHVV
EDUQ
'XQQLJDQ'U
6XIIHUQ1<
3KRQH
'DYLG5-DIIH&(2
O-)$$W&9+X*LB
WK$YHQXH(DVW
%UDGHQWRQ)/
3KRQH
)D[
6WHSKHQ.QRSLN&(2
/RUQD1DJOHU3UHVLGHQW
O-$<9+X*LB
:HVW7\YROD5RDG
&KDUORWWH1&
3KRQH
7KRPDV7LP0%HON-U&(2&KDLUPDQ
&KULV7UDF\3UHVLGHQW
O$11@#*E4)$-&+RZQHGE\0DF\¶V
UG$YH
1HZ<RUN1<
3KRQH
7RQ\6SULQJ&(2
Y"-+O1*'Y1*+H512-&+X*LB+
(DVW0DUNHW6W
<RUN3$
3KRQH
)D[
%UHQGDQ/+RIIPDQ&(2
O1&L1MW&+f-%)25@-*5+H512-9+SS0
3HUNLRPHQ$YH
5HDGLQJ3$
3KRQH
)D[
$OEHUW5%RVFRY&(2DQG&KDLUPDQ
/DUU\%HUJPDQ6HQLRU93'LUHFWRURI6XSSO\&KDLQ
DQG2SHUDWLRQV
O2#EE&+`-;+^12<VXEVLGLDU\RI.HOOZRRG
%URDGZD\)ORRU
1HZ<RUN1<
3KRQH
5LFN.OLPEHUJ&(2
O.2$#*E51*+01)5+?)L512P+X*M-&5@-*5&+,1$4#*E&9+
X*LB
5RXWH
%XUOLQJWRQ1-
3KRQH
)D[
7KRPDV$.LQJVEXU\&(2
$
0)21$-+I2-*9+X*LB+
WK$YHQXH
/RQJ,VODQG&LW\1<
3KRQH
)D[
1RUPDQ:ROI&(2
0")2$155-+\.&&-VXEVLGLDU\RI$GYHQW&5+ROGLQJ
,QF
0RUHQD%OYG
6DQ'LHJR&$
3KRQH
-HQQ\0LQJ&(2
f#$$)24W&9+X*LB
&DQWUHOO5RDG
/LWWOH5RFN$5
3KRQH
)D[
:LOOLDP%'LOODUG,,,&(2
44
f2-&&U)2*
'XQQLJDQ'ULYH
6XIIHUQ1<
3KRQH
)D[
'DYLG5-DIIH&(2
S#+k+?.*E9+X*LB+
/L)XQJ7RZHU&KHXQJ6KD:DQ5RDG
.RZORRQ+RQJ.RQJ
%UXFH5RFNRZLW]&(23UHVLGHQW
,-)25H1.$VXEVLGLDU\RI%LJ6WULNH,QF
:5RVHFUDQV$YHQXH
*DUGHQD&$
3KRQH
.HYLQ0DKRQH\&(2RI%LJ6WULNH
jB0B+!-**-P+01@%)*P9+X*LB
/HJDF\'U
3ODQR7;
3KRQH
0\URQ(8OOPDQ&(2
/LVD+XEEDUG*OREDO&RPSOLDQFH0DQDJHU
3HWHU0F*UDWK(93'LUHFWRURI3URGXFW'HYHORSPHQW
DQG6RXUFLQJ
MFSFRUSFRPP#MFSHQQH\FRP
j.4PW&+V21.%
%URDGZD\5RRP
1HZ<RUN1<
3KRQH
)D[
+RZDUG6FKORVVEHUJ&KDLUPDQ
?#&"@)*+k+Y1U#*VXEVLGLDU\RI/L)XQJ
&KHPLFDO5RDG6XLWH
3O\PRXWK0HHWLQJ3$
3KRQH
)D[
0DUN)LVKPDQ&(2
-LP5RVHQIHOG3UHVLGHQW
'HEELH/LYH]H\'LHW]&650DQDJHU
J)LPW&9+X*LB
7HUU\/XQGJUHQ3UHVLGHQW&KDLUPDQ&(2
:WK6W
&LQFLQQDWL2+
3KRQH
J)2&")$$W&+VXEVLGLDU\RI7-;&RPSDQLHV
&RFKLWXDWH5G
)UDPLQJKDP0$
-HUU\5RVVL*URXS3UHVLGHQW
&DURO0H\URZLW]3UHVLGHQW&(2'LUHFWRURI7-;
J-#a-2+X*LB+
:DONHU$YH1:
*UDQG5DSLGV0,
3KRQH
)D[
+DQN0HLMHU&(2
0DUN0HLMHU3UHVLGHQW'LUHFWRU
5LFN.H\HV93RI0HUFKDQGLVH3ODQQLQJDQG6XSSO\
7"-+(
N-$$;114+01@%)*P
.HOOZRRG3DUNZD\
&KHVWHU¿HOG02
3KRQH
-LOO*UDQRII&(2
&KULVWRSKHU/D3ROLFH3UHVLGHQW
N1"$W&+f-%)25@-*5+H512-&
1:5LGJHZRRG'U
0HQRPRQHH)DOOV:,
3KRQH
)D[
.HYLQ0DQVHOO&(23UHVLGHQW&KDLUPDQ
S)*4+m*+H-)+f#&52#U.5#*E+X*LB
%URDGZD\)O
1HZ<RUN1<
3KRQH
)D[
5REHUW6REHO&KDLUPDQ&(2
.LUN*HOOLQ3UHVLGHQW
J-*W&+I-)2"1.&-9+X*LB
5RJHUGDOH5G
+RXVWRQ7;
'RXJODV(ZHUW&(2
`124&521@9+X*LB
%ODNH:1RUGVWURP&(23UHVLGHQW'LUHFWRU
/LQGD3HIIHU93RI&65
WK$YH
6HDWWOH:$
3KRQH
)D[
!(,+012%
0DGLVRQ$YH
1HZ<RUN1<
3KRQH
(PDQXHO&KLULFR&KDLUPDQDQG&(2
5RRSD1DLU93+XPDQ5LJKWV
45
H)E+,)2U12+VXEVLGLDU\RIEUDQGOLFHQVHGE\WKH.HOO
ZRRG&RPSDQ\
%URDGZD\6WH
1HZ<RUN1<
3KRQH
)D[
LQIR#VDJKDUERUFRP
H-)2&+,1$4#*E&+J)*)E-@-*5+012%B
%HYHUO\5G
+RIIPDQ(VWDWHV,/
3KRQH
)D[
(GZDUG/DPSHUW&(2
&DURO5LFH'LUHFWRURI*OREDO&RPSOLDQFH
ODERUF#VHDUVKFFRP
H5)E-+H512-&+X*LB3DUHQWFRPSDQ\RI%HDOOV3HHEOHV
DQG6WDJH
0DLQ6W
+RXVWRQ7;
3KRQH
)D[
0LFKDHO/*OD]HU&(2
&KULV8ULDUWH'LUHFWRURI3URFXUHPHQW
Y2)LP+[M)*&+S54B+RZQHGE\%LJ6WULNH,QFDVXE
VLGLDU\RI7KH*RUHV*URXS//&
6HYHQWK$YHQXHWK)ORRU
1HZ<RUN1<
3KRQH
)D[
.HYLQ0DKRQH\&(23UHVLGHQW
&KULV6]QHZDMV*RUHV*URXS93
()*#5P+
1RUWKWK6W
)DUJR1'
3KRQH
0LFKDHO)HXUHU&(23UHVLGHQW
I)$'J)25+H512-&9+X*LB
6RXWKZHVWWK6W
%HQWRQYLOOH$5
3KRQH
)D[
0LFKDHO'XNH&(2
-DQ6DXPZHEHU93RI(WKLFDO6RXUFLQJ
%DUEDUD*UHJRU\6HQLRU0DQDJHURI(WKLFDO6RXUFLQJ