EQ Interview. Assess

You might also like

Download as pdf or txt
Download as pdf or txt
You are on page 1of 66

!

!
!"#$%#&'(!)&$*((%+*&,*-!.//*//"*&$!01*/$%#&/!
'&2!3*4!5#%&$/!$#!6#&/%2*7!89*&!.//*//%&+!.&/:*7/

!!

!
!
!
!
!
!
!
!
!
!
!
!
!"#$%"&!'()*(+'!

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

!"#$%&'(#!%"))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))!*!
#+,!-!.,!/$,/0!%-!,1%#!%"/2!!"#,22!3,"(,!))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))!*!
#+,!4*!!"&!.!&'/2!(%15,#,"(!,0!)))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))!6!
/00,001,"#!7',0#!%"0!/"&!8,9!5%!"#0!#%!(%"0!&,$!:+,"!/00,00!"3!/"0:,$0!)))))))))))))))))))))))))))))))))))))!;!
0,2-!/:/$,",00<!!15/(#!%"!%#+,$0!))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))!;!
,-"%.$/0%!./!1%%"%%!23456.!/0!7.8"9%!::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!'!
,-"%.$/0%!./!1%%"%%!7;%"9#5.$/0!<=$>>%!:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!'!
?"@!A/$0.%!./!B/0%$&"9!C8"0!1%%"%%$0D!10%E"9%!::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!*+!
0,2-"/:/$,",00<!,1%#!%"!/"&!!"",$!/:/$,",00!)))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))!==!
,-"%.$/0%!./!1%%"%%!1E59"0"%%!/F!G3/.$/0%!/9!H8/-D8.%!::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!**!
,-"%.$/0%!./!1%%"%%!1E59"0"%%!/F!H9$DD"9%!::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!**!
,-"%.$/0%!./!1%%"%%!!"F>"6.$/0!<=$>>%!:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!*)!
?"@!A/$0.%!./!B/0%$&"9!C8"0!1%%"%%$0D!10%E"9%!::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!*)!
.:'7*&*//!#<!!"#$%#&/!#7!=9#1+9$/!>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>!?;!
.:'7*&*//!#<!=7%++*7/!>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>!?;!
@*<(*,$%#&!AB%((/!>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>!?C!

0,2-"/:/$,",00<!/(('$/#,!/00,001,"#!%-!08!220!/"&!/>!2!#!,0!)))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))!=?!
,-"%.$/0%!./!1%%"%%!166-95."!1%%"%%3"0.!/F!<=$>>%!50&!1;$>$.$"%!::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!*I!
?"@!A/$0.%!./!B/0%$&"9!C8"0!1%%"%%$0D!10%E"9%!::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!*I!
0,2-"(%"#$%2!%$!0,2-"1/"/3,1,"#<!,1%#!%"/2!,@5$,00!%"!)))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))!=6!
,-"%.$/0%!./!1%%"%%!1449/49$5."!G3/.$/05>!GJ49"%%$/0!:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!*K!
?"@!A/$0.%!./!B/0%$&"9!C8"0!1%%"%%$0D!10%E"9%!::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!*K!
0,2-"(%"#$%2!%$!0,2-"1/"/3,1,"#<!(%'$/3,!%$!/00,$#!.,",00!))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))!=A!
,-"%.$/0%!./!1%%"%%!B/-95D"!/9!1%%"9.$#"0"%%!::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!*L!
?"@!A/$0.%!./!B/0%$&"9!C8"0!1%%"%%$0D!10%E"9%!::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!*'!
0,2-"(%"#$%2!%$!0,2-"1/"/3,1,"#<!$,0!2!,"(,!)))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))!4B!
,-"%.$/0%!./!1%%"%%!!"%$>$"06"!::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!)+!
?"@!A/$0.%!./!B/0%$&"9!C8"0!1%%"%%$0D!10%E"9%!::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!)+!
M/0-%!,-"%.$/0%N!1%%"%%$0D!1E59"0"%%!50&!B/0.9/>!20!H8"!O/3"0.!:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!)*!
,-"%.$/0%!./!1%%"%%!1E59"0"%%!50&!B/0.9/>!$0!.8"!O/3"0.!::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!)*!
?"@!A/$0.%!./!B/0%$&"9!C8"0!1%%"%%$0D!10%E"9%!::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!)*!
0,2-"(%"#$%2!%$!0,2-"1/"/3,1,"#<!52/""!"3!#+,!#%",!%-!(%".,$0/#!%"0!)))))))))))))))))))))))))))))))))))))))))!4C!
,-"%.$/0%!./!1%%"%%!A>500$0D!.8"!H/0"!/F!B/0#"9%5.$/0%!:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!)P!
?"@!A/$0.%!./!B/0%$&"9!C8"0!1%%"%%$0D!10%E"9%!::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!)P!

!
;!
!

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

,15/#+9<!$,05,(#-'2!2!0#,"!"3!))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))!4*!
,-"%.$/0%!./!1%%"%%!!"%4"6.F->!Q$%."0$0D!::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!)R!
?"@!A/$0.%!./!B/0%$&"9!C8"0!1%%"%%$0D!10%E"9%!::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!)R!
,15/#+9D!-,,2!"3!#+,!!15/(#!%"!%#+,$0!))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))!4E!
,-"%.$/0%!./!1%%"%%!S"">$0D!.8"!23456.!/0!7.8"9%!:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!)T!
?"@!A/$0.%!./!B/0%$&"9!C8"0!1%%"%%$0D!10%E"9%!::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!)T!
,15/#+9<!0,$.!(,!%$!,"#/#!%"!)))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))!4;!
,-"%.$/0%!./!1%%"%%!<"9#$6"!79$"0.5.$/0!:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!)'!
?"@!A/$0.%!./!B/0%$&"9!C8"0!1%%"%%$0D!10%E"9%!::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!)'!
0%(!/2!,@5,$#",00<!>'!2&!"3!$,2/#!%"0+!50!))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))!C=!
,-"%.$/0%!./!1%%"%%!M-$>&$0D!!">5.$/0%8$4%!::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!P*!
?"@!A/$0.%!./!B/0%$&"9!C8"0!1%%"%%$0D!10%E"9%!::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!P*!
0%(!/2!,@5,$#",00<!(%22/>%$/#!%"!)))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))!CC!
,-"%.$/0%!./!1%%"%%!B/>>5;/95.$/0!::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!PP!
?"@!A/$0.%!./!B/0%$&"9!C8"0!1%%"%%$0D!10%E"9%!::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!PP!
0%(!/2!,@5,$#",00<!(%"-2!(#!$,0%2'#!%"!))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))!C*!
,-"%.$/0%!./!1%%"%%!B/0F>$6.!!"%/>-.$/0!::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!PR!
?"@!A/$0.%!./!B/0%$&"9!C8"0!1%%"%%$0D!10%E"9%!::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!PR!
0%(!/2!,@5,$#",00<!%$3/"!F/#!%"/2!0/..9!))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))!CE!
,-"%.$/0%!./!1%%"%%!79D50$U5.$/05>!<5##@!::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!PT!
?"@!A/$0.%!./!B/0%$&"9!C8"0!1%%"%%$0D!10%E"9%!::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!PT!
5,$0%"/2!!"-2',"(,!G!!"-2',"(!"3!0,2-<!0,2-"(%"-!&,"(,!))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))!?B!
,-"%.$/0%!./!1%%"%%!<">F!B/0F$&"06"!:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!I+!
?"@!A/$0.%!./!B/0%$&"9!C8"0!1%%"%%$0D!10%E"9%!::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!I*!
5,$0%"/2!!"-2',"(,!G!!"-2',"(!"3!0,2-<!!"!#!/#!.,!/"&!/((%'"#/>!2!#9!))))))))))))))))))))))))))))))))))))))))))))))))!?C!
,-"%.$/0%!./!1%%"%%!20$.$5.$#"!50&!166/-0.5;$>$.@!:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!IP!
?"@!A/$0.%!./!B/0%$&"9!C8"0!1%%"%%$0D!10%E"9%!::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!IP!
5,$0%"/2!!"-2',"(,!G!!"-2',"(!"3!0,2-<!3%/2!%$!,"#/#!%"!))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))!?*!
,-"%.$/0%!./!1%%"%%!V/5>!79$"0.5.$/0!:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!IR!
?"@!A/$0.%!./!B/0%$&"9!C8"0!1%%"%%$0D!10%E"9%!::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!IR!
5,$0%"/2!!"-2',"(,!G!!"-2',"(!"3!0,2-<!%5#!1!01!)))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))!?E!
,-"%.$/0%!./!1%%"%%!74.$3$%3!::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!IT!

!
C!
!

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

!
?"@!A/$0.%!./!B/0%$&"9!C8"0!1%%"%%$0D!10%E"9%!::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!IT!

5,$0%"/2!!"-2',"(,!G!!"-2',"(!"3!0,2-<!-2,@!>!2!#9!/"&!/&/5#/>!2!#9!)))))))))))))))))))))))))))))))))))))))))))))))))))!?;!
,-"%.$/0%!./!1%%"%%!S>"J$;$>$.@!50&!1&54.5;$>$.@!:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!I'!
?"@!A/$0.%!./!B/0%$&"9!C8"0!1%%"%%$0D!10%E"9%!::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!R+!
5,$0%"/2!!"-2',"(,!G!!"-2',"(!"3!%#+,$0<!!2,/&!"3!%#+,$0!))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))!*4!
,-"%.$/0%!./!1%%"%%!Q"5&$0D!7.8"9%::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!R)!
?"@!A/$0.%!./!B/0%$&"9!C8"0!1%%"%%$0D!10%E"9%!::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!R)!
5,$0%"/2!!"-2',"(,!G!!"-2',"(!"3!%#+,$0<!!($,/#!"3!/!5%0!#!.,!:%$8!(2!1/#,!))))))))))))))))))))))))))))))))))!**!
,-"%.$/0%!./!1%%"%%!B9"5.$0D!5!A/%$.$#"!C/9=!B>$35."!:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!RR!
?"@!A/$0.%!./!B/0%$&"9!C8"0!1%%"%%$0D!10%E"9%!::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!RK!
5,$0%"/2!!"-2',"(,!G!!"-2',"(!"3!%#+,$0<!!3,##!"3!$,0'2#0!#+$%'3+!%#+,$0!))))))))))))))))))))))))))))))))))))!*A!
,-"%.$/0%!./!1%%"%%!V"..$0D!!"%->.%!.89/-D8!7.8"9%!::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!RL!
?"@!A/$0.%!./!B/0%$&"9!C8"0!1%%"%%$0D!10%E"9%!::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!R'!
1/0#,$9!%-!5'$5%0,!/"&!.!0!%"<!'"&,$0#/"&!"3!%",H0!5'$5%0,!/"&!./2',!))))))))))))))))))))))))))))))))))))))))!6=!
,-"%.$/0%!./!1%%"%%!W0&"9%.50&$0D!70"X%!A-94/%"!50&!Y5>-"%!::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!K*!
?"@!A/$0.%!./!B/0%$&"9!C8"0!1%%"%%$0D!10%E"9%!::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!K*!
1/0#,$9!%-!5'$5%0,!/"&!.!0!%"<!#/8!"3!/(#!%"0!#%:/$&!%",H0!5'$5%0,!)))))))))))))))))))))))))))))))))))))))))))))!6C!
,-"%.$/0%!./!1%%"%%!H5=$0D!16.$/0%!H/E59&!70"X%!A-94/%"!:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!KP!
?"@!A/$0.%!./!B/0%$&"9!C8"0!1%%"%%$0D!10%E"9%!::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!KP!
1/0#,$9!%-!5'$5%0,!/"&!.!0!%"<!/'#+,"#!(!#9!))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))!6*!
,-"%.$/0%!./!1%%"%%!1-.8"0.$6$.@!::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!KR!
?"@!A/$0.%!./!B/0%$&"9!C8"0!1%%"%%$0D!10%E"9%!::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!KR!

!
D!
!

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

)&$7#21,$%#&!
=9%/!"'$*7%'(!%/!<7#"!H8"!G,!20."9#$"EN!S$0&$0D!G34>/@""%!E$.8!Z$D8!G3/.$/05>!20.">>$D"06"F!G4!
.2*(*!H>!I4&&>!J#7!'!+7*'$*7!1&2*7/$'&2%&+!#<!:9'$!*"#$%#&'(!%&$*((%+*&,*!"*'&/F!'&2!%$/!
%"K#7$'&,*!%&!$9*!:#7BK(',*F!K(*'/*!,#&/1($!$9*!G##B>!
!"#$%#&'(!%&$*((%+*&,*!%/!2*<%&*2!'/!'!K*7/#&L/!'G%(%$4!$#!"'&'+*!#&*/*(<!'/!:*((!'/!"'&'+*!
7*('$%#&/9%K/!:%$9!#$9*7/!/#!$9'$!#&*!,'&!(%M*!#&*L/!%&$*&$%#&/>!!
N%,9'*(!@#,B!9'/!/'%2F!O5*79'K/!$9*!"#/$!G*'1$%<1(!2*/,7%K$%#&!#<!*"#$%#&'(!%&$*((%+*&,*!,#"*/!
<7#"!'!7*$%7*2!9%+9!/,9##(!$*',9*7F!P#:'72!P#KB%&/F!#<!N#&$7*'(F!01QG*,F!:9*&!9*!:7#$*!$9*!
<#((#:%&+-R!
!M*74!7*/K#&/*!4#1!+%M*!$#!'&#$9*7!K*7/#&!%&M#(M*/!4#17!%&$*((*,$!'&2!4#17!
*"#$%#&/>!=9*!%&$*((*,$!,#"K#/*/!$9*!"*//'+*F!'&2!$9*!*"#$%#&/!K7#M%2*!
'&%"'$%#&!'&2!+7',*>!!"#$%#&!%/!$#!$9*!"*//'+*!:9'$!"1/%,!%/!$#!$9*!(47%,>!
8%$9#1$!$9*!$1&*F!:#1(2!'&4#&*!*M*7!7*"*"G*7!$9*!(47%,S!=9*!/B%((!$#!,#"G%&*!
%&$*((*,$!'&2!*"#$%#&!%&!$9%/!27'"'$%,!'&2!K#:*7<1(!<'/9%#&!%/!*"#$%#&'(!
%&$*((%+*&,*F!'&2!%$!K#//*//*/!$9*!K#:*7!$#!*(*M'$*!*M*&!$9*!,#""#&!
*T,9'&+*/!#<!*M*742'4!*&,#1&$*7/!<7#"!$9*!G'/*!(*M*(!#<!"*"'&2"4#1!$#!$9*!
/1G(%"%$4!#<!)"'&2"=9#1U!
!9$$K-VV,'&'2'#&*>,#"V*W%&*VX1(4YDV*Z[%&$*7M%*:>9$"(!
!

=9*!J%M*!.7*'/!#<!!"#$%#&'(!)&$*((%+*&,*!
!
.!G7%*<!2*<%&%$%#&!#<!$9*!<%M*!'7*'/!#<!*"#$%#&'(!%&$*((%+*&,*-!
=I!0JKL"/MNOJPJQQ!NPR!0JKL"(SPTOSK!\!$9*!'G%(%$4!$#!<1((4!1&2*7/$'&2!#&*/*(<!'&2!#&*L/!
%"K',$!#&!#$9*7/!'&2!$#!1/*!$9'$!%&<#7"'$%#&!$#!"'&'+*!#&*/*(<!K7#21,$%M*(4!
4I!,UVNTWX!\!$9*!'G%(%$4!$#!1&2*7/$'&2!$9*!K*7/K*,$%M*!#<!#$9*7/!
CI!0SYZNK!,[VJOTPJQQ!\!$9*!'G%(%$4!$#!G1%(2!+*&1%&*!7*('$%#&/9%K/!'&2!G#&2/!'&2!*TK7*//!
,'7%&+F!,#&,*7&F!'&2!,#&<(%,$!%&!9*'($94!:'4/!
!
E!
!

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

?I!5JOQSPNK!!PLK\JPYJ!\!$9*!'G%(%$4!$#!K#/%$%M*(4!(*'2!'&2!%&/K%7*!#$9*7/!'/!:*((!'/!#&*/*(<!
*I!1NQTJOX!SL!5\OVSQJ!NPR!.ZQZSP!\!$9*!'G%(%$4!$#!G7%&+!'1$9*&$%,%$4!$#!#&*L/!(%<*!'&2!(%M*!
#1$!#&*L/!%&$*&$%#&/!'&2!M'(1*/!
!
N'/$*74!#<!517K#/*!'&2!^%/%#&F!!"K'$94F!'&2!A*(<"':'7*&*//!'&2!A*(<"6#&$7#(!7*('$*!$#!#17!
%&&*7!:#7(2F!:9%(*!A#,%'(!!TK*7$&*//!'&2!5*7/#&'(!)&<(1*&,*!<#7"!#17!7*('$%#&/!$#!$9*!#1$*7!
:#7(2>!
!

=9*!;E!)&2%M%21'(!6#"K*$*&,%*/!
=9*!<%M*!'7*'/!#<!*"#$%#&'(!%&$*((%+*&,*!'7*!G7#B*&!2#:&!%&$#!;E!%&2%M%21'(!,#"K*$*&,%*/-!
=I!0JKL"/MNOJPJQQ!NPR!0JKL"(SPTOSK!
<">F"5E59"0"%%!
'_!!UVNYT!SP!STWJOQ<!'&!',,17'$*!1&2*7/$'&2%&+!#<!9#:!#&*L/!G*9'M%#7!#7!
:#72/!'<<*,$!#$9*7/!
G_!,USTZSPNK!NPR!ZPPJO!NMNOJPJQQ<!'&!',,17'$*!1&2*7/$'&2%&+!#<!9#:!
#&*L/!*"#$%#&/!'&2!$9#1+9$/!'<<*,$!G*9'M%#7/!
,_!/YY\ONTJ!QJKL"NQQJQQUJPT!SL!Q]ZKKQ!NPR!N^ZKZTZJQ<!'&!9#&*/$!'//*//"*&$!
#<!/$7*&+$9/!'&2!:*'B&*//*/!
<">F"6/0.9/>!
2_!,USTZSPNK!J[VOJQQZSP<!$9*!'G%(%$4!$#!"'&'+*!'&+*7F!/$7*//F!*T,%$*"*&$F!
'&2!<71/$7'$%#&!
*_!(S\ON_J!SO!NQQJOTZ`JPJQQ<!$9*!'G%(%$4!$#!"'&'+*!<*'7!
<_!$JQZKZJPYJ<!$9*!'G%(%$4!$#!"'&'+*!2%/'KK#%&$"*&$!#7!<'%(17*!

!
]!
!

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

+_!5KNPPZP_!TWJ!TSPJ!SL!YSP`JOQNTZSPQ-!$9*!'G%(%$4!$#!K('&!$9*!$#&*!#<!'!
,#&M*7/'$%#&!$#!',9%*M*!$9*!G*/$!7*/1($/!
4I!,UVNTWX!!
'_!$JQVJYTL\K!KZQTJPZP_<!(%/$*&%&+!7*/K*,$<1((4!$#!#$9*7/!$#!2*M*(#K!'!2**K!
1&2*7/$'&2%&+!#<!#$9*7/L!K#%&$/!#<!M%*:!
G_!-JJKZP_!TWJ!!UVNYT!SP!STWJOQ<!$9*!'G%(%$4!$#!'//*//!'&2!2*$*7"%&*!9#:!
/%$1'$%#&/!'/!:*((!'/!#&*L/!:#72/!'&2!',$%#&/!'<<*,$!#$9*7/!
,_!0JO`ZYJ!SOZJPTNTZSP<!$9*!2*/%7*!$#!9*(K!#$9*7/!
CI!0SYZNK!,[VJOTPJQQ!!
'_!>\ZKRZP_!OJKNTZSPQWZVQ<!$9*!'G%(%$4!$#!G1%(2!/#,%'(!G#&2/!
G_!(SKKN^SONTZSP<!$9*!'G%(%$4!$#!%&M%$*!#$9*7/!%&!'&2!M'(1*!$9*%7!$9#1+9$/!
,_!(SPLKZYT!OJQSK\TZSP<!$9*!'G%(%$4!$#!7*/#(M*!2%<<*7*&,*/!
2_!%O_NPZaNTZSPNK!QN``X<!$9*!'G%(%$4!$#!1&2*7/$'&2!'&2!"'&*1M*7!:%$9%&!
#7+'&%W'$%#&/!
?I!5JOQSPNK!!PLK\JPYJ!!
20F>-"06$0D!%">FN!
'_!0JKL"YSPLZRJPYJ<!'&!'KK7#K7%'$*!G*(%*<!%&!#&*L/!/B%((/!'&2!'G%(%$%*/!
G_!!PZTZNTZ`J!NPR!NYYS\PTN^ZKZTX<!G*%&+!%&$*7&'((4!+1%2*2!$#!$'B*!/$*K/!#7!
',$%#&/!'&2!$'B%&+!7*/K#&/%G%(%$4!<#7!$9#/*!',$%#&/!
,_!3SNK!SOZJPTNTZSP<!/*$$%&+!+#'(/!<#7!#&*/*(<!'&2!(%M%&+!'&2!:#7B%&+!
$#:'72!$9#/*!+#'(/!
2_!%VTZUZQU<!9'M%&+!'!$*&2*&,4!$#!(##B!'$!$9*!G7%+9$!/%2*!#<!$9%&+/!'&2!$#!
G*!9#K*<1(!<#7!$9*!G*/$!
*_!-KJ[Z^ZKZTX!NPR!NRNVTN^ZKZTX<!$9*!'G%(%$4!$#!'2'K$!'&2!G*&2!$#!$9*!&**2/!
#<!#$9*7/!#7!/%$1'$%#&/!'/!'KK7#K7%'$*!
!
`!
!

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

20F>-"06$0D!/.8"9%N!
<_!2JNRZP_!STWJOQ<!$9*!'G%(%$4!$#!9'M*!#$9*7/!<#((#:!4#1!
+_!(OJNTZP_!N!VSQZTZ`J!MSO]!YKZUNTJ<!$9*!'G%(%$4!$#!,7*'$*!'&!%&/K%7%&+!
,1($17*!
9_!3JTTZP_!OJQ\KTQ!TWOS\_W!STWJOQ<!$9*!'G%(%$4!$#!',9%*M*!+#'(/!$97#1+9!
#$9*7/!
*I!1NQTJOX!SL!5\OVSQJ!NPR!.ZQZSP!!
'_!'PRJOQTNPRZP_!SPJHQ!V\OVSQJ!NPR!`NK\JQ<!9'M%&+!'!,(*'7(4!2*<%&*2!
K17K#/*!'&2!M'(1*/!
G_!#N]ZP_!NYTZSPQ!TSMNOR!SPJHQ!V\OVSQJ<!$'B%&+!',$%#&/!$#!'2M'&,*!#&*L/!
K17K#/*!
,_!/\TWJPTZYZTX<!'(%+&"*&$!'&2!$7'&/K'7*&,4!#<!#&*L/!"#$%M*/F!',$%#&/F!
%&$*&$%#&/F!M'(1*/F!'&2!K17K#/*!

!
a!
!

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

.//*//"*&$!01*/$%#&/!'&2!3*4!5#%&$/!$#!6#&/%2*7!89*&!.//*//%&+!
.&/:*7/!
!

A*(<!.:'7*&*//-!)"K',$!#&!c$9*7/!
,-"%.$/0%!./!1%%"%%!23456.!/0!7.8"9%!
?_!=*((!"*!'G#1$!'!$%"*!:9*&!4#1!2%2!#7!/'%2!/#"*$9%&+!'&2!%$!9'2!'!K#/%$%M*!%"K',$!#&!
'!,#:#7B*7F!'!,1/$#"*7F!#7!'&!*"K(#4**>!
;_!=*((!"*!'G#1$!'!$%"*!:9*&!4#1!2%2!#7!/'%2!/#"*$9%&+!'&2!%$!9'2!'!&*+'$%M*!%"K',$!#&!
'!,#:#7B*7F!'!,1/$#"*7F!#7!'&!*"K(#4**>!
C_!=*((!"*!'G#1$!'!$%"*!:9*&!4#1!:*7*!/17K7%/*2!'G#1$!$9*!K#/%$%M*!%"K',$!4#17!
G*9'M%#7!#7!:#72/!9'2!#&!'!,#:#7B*7F!,1/$#"*7F!#7!'&!*"K(#4**>!P#:!2%2!4#1!(*'7&!$9%/!
%&<#7"'$%#&S!89'$!2%2!4#1!2#!:9*&!4#1!(*'7&*2!$9%/!%&<#7"'$%#&S!
D_!=*((!"*!'G#1$!'!$%"*!:9*&!4#1!:*7*!/17K7%/*2!'G#1$!$9*!&*+'$%M*!%"K',$!4#17!
G*9'M%#7!#7!:#72/!9'2!#&!'!,#:#7B*7F!,1/$#"*7F!#7!'&!*"K(#4**>!P#:!2%2!4#1!(*'7&!$9%/!
%&<#7"'$%#&S!89'$!2%2!4#1!2#!:9*&!4#1!(*'7&*2!$9%/!%&<#7"'$%#&S!
E_!d*/,7%G*!'!$%"*!:9*&!4#1!B&*:!4#1!2%2!#7!/'%2!/#"*$9%&+!$9'$!,'1/*2!'!K7#G(*"!<#7!
'!,#:#7B*7F!'!,1/$#"*7F!#7!'&!*"K(#4**>!P#:!2%2!4#1!B&#:!%$!,'1/*2!'!K7#G(*"S!
]_!6'&!4#1!$9%&B!#7!'!$%"*!:9*&!/#"*#&*!%&$*7K7*$*2!/#"*$9%&+!4#1!/'%2!#7!2%2!%&!'!
&*+'$%M*!:'4F!*M*&!$9#1+9!4#1!2%2&L$!%&$*&2!<#7!%$!$#!G*!&*+'$%M*S!=*((!"*!'G#1$!$9'$>!
`_!P#:!2#!4#1!B&#:!%<!4#17!:#72/!#7!G*9'M%#7/!9'M*!'!K#/%$%M*!%"K',$!#&!#$9*7/S!
a_!P#:!2#!4#1!B&#:!%<!4#17!:#72/!#7!G*9'M%#7/!9'M*!'!&*+'$%M*!%"K',$!#&!#$9*7/S!
,-"%.$/0%!./!1%%"%%!7;%"9#5.$/0!<=$>>%!
?_!P'M*!4#1!*M*7!&#$%,*2!$9'$!/#"*#&*!'$!:#7B!:'/!9'M%&+!'!G'2!2'4S!P#:!2%2!4#1!
B&#:S!89'$!2%2!4#1!2#S!

!
b!
!

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

;_!P'M*!4#1!*M*7!2*,%2*2!$#!2*('4!K7*/*&$%&+!'&!%2*'!$#!/#"*#&*!'$!:#7B!G*,'1/*!$9*!
$%"%&+!:'/&L$!7%+9$S!89'$!2%2!4#1!G'/*!$9'$!2*,%/%#&!#&S!89'$!2%2!4#1!2#S!
C_!P'M*!4#1!*M*7!&#$%,*2!$9'$!4#1!:*7*!'&&#4%&+!/#"*#&*!'$!:#7BS!89'$!2%2!4#1!G'/*!
$9'$!#&S!89'$!2%2!4#1!2#S!!
D_!P'M*!4#1!*M*7!G**&!%&!'!/%$1'$%#&!:9*7*!4#1!$9#1+9$!4#1!&**2*2!$#!'2X1/$!#7!"#2%<4!
4#17!G*9'M%#7S!P#:!2%2!4#1!B&#:S!
?"@!A/$0.%!./!B/0%$&"9!C8"0!1%%"%%$0D!10%E"9%!
!
N#/$!,'&2%2'$*/!/9#1(2!G*!'G(*!$#!,#"*!1K!:%$9!'&!*T'"K(*!#<!/#"*$9%&+!$9*4!2%2!$9'$!,'1/*2!
,#&,*7&! <#7! #$9*7/>! 8'$,9! <#7! 9#:! $9*4! %&,#7K#7'$*2! $9%/! ':'7*&*//! %&$#! <1$17*! *&,#1&$*7/>!
c&*!,'&2%2'$*F!/17K7%/*2!:9*&!9%/!G#//!$#(2!9%"!$9'$!9*!%&$*771K$*2!9%/!,1/$#"*7/F!/'%2!$9'$!9*!
2%2&L$!G*(%*M*!9%/!G#//!'&2!$9'$!9%/!G#//!2%2&L$!B&#:!*&#1+9!'G#1$!9%"!$#!"'B*!$9'$!/$'$*"*&$>!
8%$9#1$!7*'(%W%&+!%$F!$9*!,'&2%2'$*!K7#M*2!9%/!G#//L/!K#%&$!:9*&!9*!%&$*771K$*2!$9*!%&$*7M%*:*7!
'/!$9*!%&$*7M%*:*7!'/B*2!'!,('7%<4%&+!Z1*/$%#&>!
!
!"#$%#&'(!%&$*((%+*&,*!7*Z1%7*/!'!K*7/#&!$#!G*!':'7*!#<!'&2!$#!7*'2!,1*/!%&!2%<<*7*&$!/%$1'$%#&/!
'&2!$9*&!'2'K$!',,#72%&+(4>!=9%/!B%&2!#<!'2'K$'G%(%$4!$#!$9*!*&M%7#&"*&$!*&/17*/!/1,,*//>!=9*!
Z1*/$%#&/! (%/$*2! 'G#M*! +%M*! 4#1! %"K#7$'&$! %&<#7"'$%#&! 'G#1$! '! K*7/#&L/! ':'7*&*//! #<! $9*/*!
$4K*/! #<! ,1*/>! e#1! '(/#! (*'7&! 9#:! $9*! K*7/#&! '2X1/$/! 9%/! G*9'M%#7! ',,#72%&+! $#! $9*! ,1*/! 9*!
7*'2/>! H*,'1/*! '! K*7/#&! "'4! G*! 7*(1,$'&$! $#! '2"%$! $9'$! 9*! "'4! '$! $%"*/! '&&#4! #$9*7/F! $9*!
%&$*7M%*:*7! "'4! &**2! $#! %&$7#21,*! $9*! Z1*/$%#&! :%$9! '! ,#""*&$! /1,9! '/F! O!M*74#&*! ,'&! G*!
'&&#4%&+!'$!/#"*!$%"*>!8#1(2!4#1!$*((!"*!'G#1$!'!$%"*!:9*&!4#1!'&&#4*2!/#"*#&*!'$!:#7BSR!
./! $9*! %&$*7M%*:*7F! 4#1! ,'&! 9*(K! $9*! ,'&2%2'$*! <**(! '$! *'/*! /#! $9'$! 4#1! ,'&! *T$7',$! $9*! "#/$!
9#&*/$!'&/:*7/!<7#"!$9*!%&$*7M%*:>!
!

!
?Y!
!

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

A*(<".:'7*&*//-!!"#$%#&!'&2!)&&*7!.:'7*&*//!
,-"%.$/0%!./!1%%"%%!1E59"0"%%!/F!G3/.$/0%!/9!H8/-D8.%!
?_!=*((!"*!'G#1$!'!$%"*!:9*&!4#1!:*7*!2%/$7',$*2!#7!K7*#,,1K%*2!:%$9!/#"*$9%&+>!P#:!
2%2!4#1!B&#:S!89'$!%"K',$!2%2!$9'$!9'M*!#&!4#17!K*7<#7"'&,*S!89'$!%"K',$!2%2!%$!
9'M*!#&!#$9*7/!'$!:#7BS!
;_!=*((!"*!'G#1$!'!$%"*!:9*&!4#1!:*7*!%&!'!+##2!"##2!'$!:#7B>!P#:!2%2!$9'$!'<<*,$!
4#17!K*7<#7"'&,*S!89'$!%"K',$!2%2!4#17!"##2!9'M*!#&!#$9*7/!'$!:#7BS!
C_!d*/,7%G*!'!$%"*!:9*&!4#1!:*7*!'&+74!'G#1$!/#"*$9%&+!'$!:#7B>!89'$!%"K',$!2%2!$9'$!
9'M*!#&!4#17!K*7<#7"'&,*S!89'$!%"K',$!2%2!%$!9'M*!#&!#$9*7/!'$!:#7BS!
D_!=*((!"*!'G#1$!'!$%"*!:9*&!$9*!"##2!#7!'$$%$12*!#<!4#17!,#:#7B*7/F!*"K(#4**/F!#7!
#$9*7!'<<*,$*2!4#1>!
E_!d*/,7%G*!'!$%"*!:9*&!4#1!:*7*!':'7*!$9'$!4#17!"##2!:'/!'<<*,$%&+!9#:!4#1!:*7*!
G*9'M%&+!'$!:#7B>!
,-"%.$/0%!./!1%%"%%!1E59"0"%%!/F!H9$DD"9%!
?_!=*((!"*!'G#1$!/#"*!/%$1'$%#&/!#7!K*#K(*!$9'$!'&&#4!4#1!%&!4#17!K7*/*&$!#7!K7*M%#1/!
K#/%$%#&>!=*((!"*!:9'$!4#1!2#!'G#1$!$9*/*!/%$1'$%#&/!#7!K*#K(*>!
;_!=*((!"*!'G#1$!'!$%"*!:9*&!4#1!:*7*!'G(*!$#!'M#%2!'!&*+'$%M*!/%$1'$%#&!'$!:#7B>!P#:!
2%2!4#1!B&#:!%$!:'/!+#%&+!$#!G*!&*+'$%M*S!=*((!"*!:9'$!4#1!2%2>!
C_!d*/,7%G*!/#"*!/%$1'$%#&/!#7!,%7,1"/$'&,*/!$9'$!G7%&+!#1$!4#17!G*/$!'$!:#7B>!P#:!2%2!
4#1!G*9'M*!217%&+!$9#/*!$%"*/S!
D_!d*/,7%G*!/#"*!/%$1'$%#&/!#7!,%7,1"/$'&,*/!$9'$!G7%&+!#1$!4#17!:#7/$!'$!:#7B>!P#:!2%2!
4#1!G*9'M*!217%&+!$9#/*!$%"*/S!89'$!2#!4#1!2#!'G#1$!$9#/*!$%"*/S!
E_!=*((!"*!'G#1$!'!$%"*!:9*&!4#1!K17K#/*(4!K7*K'7*2!4#17/*(<!$#!2*'(!:%$9!'!/%$1'$%#&!
$9'$!4#1!B&#:!:#1(2!G*!&*+'$%M*>!89'$!2%2!4#1!2#S!P#:!2%2!%$!:#7B!#1$S!

!
??!
!

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

,-"%.$/0%!./!1%%"%%!!"F>"6.$/0!<=$>>%!
?_!=*((!"*!'G#1$!'!$%"*!:9*&!/#"*$9%&+!$9'$!4#1!9'2!7*/K#&/%G%(%$4!<#7!'$!:#7B!2%2&L$!
+#!:*((>!89#/*!<'1($!:'/!%$S!f=9%/!%/!'!(*'2%&+!Z1*/$%#&"%$L/!'//1"%&+!G('"*>!=9*!
,'&2%2'$*!/9#1(2!,#&/%2*7!9%/!#7!9*7!#:&!7#(*!%&!$9*!K7#G(*">_!
;_!=*((!"*!'G#1$!'!$%"*!:9*&!#$9*7/!2%2&L$!,##K*7'$*!:%$9!4#1>!P#:!:#1(2!4#1!'&'(4W*!
$9'$!/%$1'$%#&S!
C_!=*((!"*!'G#1$!'!,#&<(%,$!$9'$!4#1!9'2!'$!:#7B>!P#:!:#1(2!4#1!'&'(4W*!$9'$!,#&<(%,$S!
D_!P'M*!4#1!*M*7!1&%&$*&$%#&'((4!%&/1($*2!#7!#<<*&2*2!/#"*#&*!'$!:#7BS!P#:!2%2!4#1!
9'&2(*!$9'$S!
E_!=*((!"*!'G#1$!'!$%"*!:9*&!4#1!7*',$*2!$#!/#"*$9%&+!#7!/#"*#&*!%&!$9*!:#7BK(',*!%&!
'!:'4!$9'$!:'/!&#$!'(%+&*2!:%$9!4#17!%&$*&$%#&/>!89'$!2%2!4#1!2#!'<$*7!$9%/!/%$1'$%#&S!
?"@!A/$0.%!./!B/0%$&"9!C8"0!1%%"%%$0D!10%E"9%!
.:'7*&*//!#<!!"#$%#&/!#7!=9#1+9$/!
=9*! B*4! %&<#7"'$%#&! *T$7',$*2! G4! $9*/*! Z1*/$%#&/! %&2%,'$*/! $9*! ,'&2%2'$*L/! ':'7*&*//! $9'$!
*"#$%#&/! *T%/$! '&2! '<<*,$! /*(<! '&2!#$9*7/>! c&,*! '!,'&2%2'$*! */$'G(%/9*/! 9*7! ':'7*&*//! #<! $9*!
%"K',$!#<!*"#$%#&/F!/9*!%"K7#M*/!9*7!,9'&,*/!#<!G*%&+!'G(*!$#!"'&'+*!$9*">!A#"*!,'&2%2'$*/!
2*&4!$9'$!<**(%&+/!#7!*"#$%#&/!*T%/$>!.&2!'($9#1+9!%$!"'4!G*!$71*!$9'$!/#"*!K*#K(*!'7*!"1,9!
"#7*!'<<'G(*!$9'&!#$9*7/F!%$L/!(%B*(4!$9'$!'$!$%"*/F!*"#$%#&/!'<<*,$!'((!#<!1/>!8%$9!$9*/*!$4K*/!#<!
Z1*/$%#&/F!4#1!,'&!*TK*,$!$9*!%&$*7M%*:**!$#!"%&%"%W*!$9*!%"K',$!#<!$9*!*"#$%#&/F!#7!2%/,1//!
,#&/$71,$%M*! ',$%#&/! $9'$! /9*! $'B*/! $#! "'&'+*! 9*7! 7*',$%#&/>! H1$! $9*! G#$$#"! (%&*! %/! $9'$! '!
,'&2%2'$*!:9#!*TK7*//*/!':'7*&*//!#<!9*7!*"#$%#&/!%/!"#7*!(%B*(4!$#!G*!'G(*!$#!"'&'+*!9*7!
*"#$%#&/! $9'&! #&*! :9#! %/! 1&':'7*>! .(/#F! 7*/*'7,9! 2*"#&/$7'$*/! $9'$! K*#K(*! :9#! '7*! /*(<"
':'7*!#7!"%&2<1(!#<!$9*%7!',$%#&/!9'M*!"#7*!K#/%$%M*!#1$,#"*/>?Y!89*&!"%&2<1(!#7!/*(<"':'7*F!
:*! '7*! K7#M%2*2! :%$9! '! :%&2#:! $#! *T'"%&*! #17! G*9'M%#7/>! )<! '! ,'&2%2'$*! <('$(4! 2*&%*/! '&4!
*"#$%#&/!'$!:#7BF!$9*!,'&2%2'$*!"'4!G*!"%//%&+!'&!#KK#7$1&%$4!$#!*T'"%&*!9*7!G*9'M%#7>!
!
.:'7*&*//!#<!=7%++*7/!
=9*!,'&2%2'$*!:9#!B&#:/!9%"/*(<!,'&!K7*2%,$!#7!1&2*7/$'&2!9%/!$7%++*7/>!)&!<',$F!1&2*7/$'&2%&+!
'&2! K7*2%,$%&+! #&*L/! *"#$%#&'(! 7*',$%#&/! $#! /%$1'$%#&/! %/! ,*&$7'(! $#! /*(<"':'7*&*//>??! H4!
1&2*7/$'&2%&+! :9'$! ,#1(2! ,'1/*! #7! $7%++*7! '! &*+'$%M*! 7*',$%#&F! $9*! ,'&2%2'$*! %/! "1,9! "#7*!
(%B*(4!$#!G*!'G(*!$#!"'&'+*!9%"/*(<!G4!'M#%2%&+!$9*!/%$1'$%#&!#7!K('&&%&+!%&!'2M'&,*!<#7!%$>!I##B!
!
?;!
!

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

<#7!<#((#:"1K!/$'$*"*&$/!$9'$!%&2%,'$*!$9'$!$9*!,'&2%2'$*!"'&'+*/!9%/!7*',$%#&/!#7!$'B*/!/$*K/!
$#! K7*M*&$! $9*! /%$1'$%#&>! 89*&! #&*! ,'&2%2'$*! 2*/,7%G*2! '! $%"*! :9*&! 9*! K17K#/*(4! K7*K'7*2!
9%"/*(<!$#!2*'(!:%$9!'!&*+'$%M*!/%$1'$%#&F!9*!2*/,7%G*2!'!/%$1'$%#&!:%$9!'!&*+'$%M*!,#:#7B*7>!P*!
/'%2!9*!B&*:!$9'$!9%/!,#:#7B*7L/!&*+'$%M%$4!'<<*,$*2!9%/!M%*:K#%&$F!/#!9*!K17K#/*(4!,9'&+*2!9%/!
(1&,9! 7#1$%&*>! P*! /'%2! 9*! 2%2&L$! <%&2! %$! 1/*<1(! $#! /%$! $97#1+9! (1&,9! $#! 9*'7! 9%/! ,#:#7B*7L/!
&*+'$%M*!,#""*&$/!'G#1$!$9*!X#G>!
!
=9*/*! Z1*/$%#&/! '(/#! +%M*! 4#1! %"K#7$'&$! %&<#7"'$%#&! 'G#1$! '! ,'&2%2'$*L/! $#(*7'&,*! (*M*(>! )&!
:#7B!/%$1'$%#&/F!,'&2%2'$*/!"1/$!%&$*7',$!:%$9!"'&4!2%<<*7*&$!/%$1'$%#&/!'&2!K*#K(*>!=9*7*<#7*F!
(*'7&%&+! 'G#1$! '! K*7/#&L/! $#(*7'&,*! '&2! $7%++*7/! K7#M%2*/! 1/*<1(! %&<#7"'$%#&>! e#1! ,'&! '(/#!
*T$7',$!%&<#7"'$%#&!7*(*M'&$!$#!<%$>!)<!'!K*7/#&!7*('$*/!$9'$!K*#K(*!'&2!X#G/!$9'$!7*Z1%7*!'!9%+9!
(*M*(! #<! %&$*7',$%#&! $7%++*7! '! &*+'$%M*! 7*',$%#&F! $9*&! %$L/! #GM%#1/! $9'$! '! X#G! 7*Z1%7%&+! (#$/! #<!
%&$*7',$%#&!%/&L$!'&!%2*'(!<%$!<#7!$9%/!,'&2%2'$*>!
!
@*<(*,$%#&!AB%((/!
)&! $9*! Z1*/$%#&/! $#! '//*//! 7*<(*,$%#&! /B%((/F! $9*! %&$*7M%*:*7! '//*//*/! 9#:! '! K*7/#&! $9%&B/! #7!
7*<(*,$/! 'G#1$! K'/$! /%$1'$%#&/>! =#! 9*(K! $9*! ,'&2%2'$*! +%M*! /$7'%+9$<#7:'72! '&/:*7/F! K1$! $9*!
,'&2%2'$*!'$!*'/*>!.(/#F!4#1!"'4!&**2!$#!7*2%7*,$!$9*!'&/:*7!'!<*:!$%"*/!G*,'1/*!$9*!,'&2%"
2'$*!"'4!:'&$!$#!<#,1/!#&!:9'$!/9*!2%2!$#!7*/#(M*!$9*!,#&<(%,$!#7!$#!+*$!#$9*7/!$#!,##K*7'$*>!
.($9#1+9!$9'$!%/!%"K#7$'&$!%&<#7"'$%#&!$9'$!4#1!/9#1(2!,#&/%2*7F!$9*!+%/$!#<!$9*!'&'(4/%/!/9#1(2!
G*! 'G#1$! :9'$! $9*! K*7/#&! $9#1+9$! 'G#1$! $9*! *TK*7%*&,*>! d%2! /9*! 7'$%#&'(%W*S! d%2! /9*! '//%+&!
G('"*!$#!/#"*#&*!*(/*S!c7!"'4G*!/9*!2*<*&2*2!9*7!',$%#&/!'/!7%+9$>!)$L/!'(/#!K#//%G(*!$9'$!$9*!
,'&2%2'$*! $9#1+9$! /9*! :'/! 9*(K(*//>! )&! $9*! '&'(4/%/! #7! 7*<(*,$%#&F! $9*! K*7/#&L/! '&/:*7! /9#1(2!
/1++*/$! $9'$! $9*! ,'&2%2'$*! ,#&/%2*7*2! 9*7! #:&! ',$%#&/! '&2! :9'$! /9*! ,#1(2! 9'M*! 2#&*!
2%<<*7*&$(4!$#!G*!K'7$!#<!$9*!/#(1$%#&>!P#(2%&+!#&*/*(<!',,#1&$'G(*!:#1(2!/#1&2!/#"*$9%&+!(%B*!
$9%/-!O8*((F!'/!)!$9%&B!G',B!#&!$9%/!/%$1'$%#&F!)!$9%&B!)!,#1(2!9'M*!2#&*!g#7!/'%2h>!>!>!>!)<!)!9'2!2#&*!
$9%/F!)!$9%&B!)!:#1(2!9'M*!+'%&*2!9*7!,##K*7'$%#&!/##&*7>R!=9%/!K*7/#&L/!'&'(4/%/!#<!$9*!/%$1'$%#&!
'&2! 9*7! G*9'M%#7! 9*(K/! 9*7! $#! ,#&/%2*7! '! G*$$*7! #1$,#"*>! =9%/! K#/%$%M*! 7*<(*,$%#&! ,'&! (*'2! $#!
(*'7&%&+>! P#:*M*7F! (%/$*&! <#7! $9'$! <%&*! (%&*! G*$:**&! 9#(2%&+! #&*/*(<! ',,#1&$'G(*! '&2! G*'$%&+!
#&*/*(<!1K>!H*'$%&+!#&*/*(<!1K!#7!G*,#"%&+!/#!2%/,#17'+*2!G4!'!/%$1'$%#&!$9'$!$9*!K*7/#&!M#:/!
&*M*7! $#! $74! %$! '+'%&! "'4! 2*"#&/$7'$*! '! (',B! #<! 7*/%(%*&,*>! =9*! G#$$#"! (%&*! %/! $9'$! 9#(2%&+!
#17/*(M*/!',,#1&$'G(*!<#7!$9*!7*/1($/!#<!#17!G*9'M%#7!%/!%"K#7$'&$!'&2!,'&!(*'2!$#!&*:!(*'7&%&+>!
.(/#F! 9#(2%&+! #17/*(M*/! ',,#1&$'G(*! <#7! /%$1'$%#&/! /1,9! '/! $9*/*! +*&*7'((4! $7'&/('$*/! %&$#!
9#(2%&+!#17/*(M*/!',,#1&$'G(*!<#7!:#7B!+#'(/!'&2!K7#21,$%#&!&1"G*7/>!
!

!
?C!
!

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

A*(<".:'7*&*//-!.,,17'$*!.//*//"*&$!#<!AB%((/!'&2!.G%(%$%*/!
,-"%.$/0%!./!1%%"%%!166-95."!1%%"%%3"0.!/F!<=$>>%!50&!1;$>$.$"%!
?_!d*/,7%G*!'!$%"*!:9*&!4#1!7*,*%M*2!<**2G',B!'G#1$!4#17!K*7<#7"'&,*!'&2!:*7*!%&!
'+7**"*&$>!89'$!2%2!4#1!'+7**!:%$9S!
;_!d*/,7%G*!'!$%"*!:9*&!4#1!7*,*%M*2!<**2G',B!'G#1$!4#17!K*7<#7"'&,*!'&2!4#1!
2%/'+7**2!:%$9!$9*!<**2G',B>!89'$!2%2!4#1!2%/'+7**!:%$9S!
C_!8'/!$9*7*!*M*7!'!$%"*!$9'$!4#1!%&%$%'((4!2%/'+7**2!:%$9!<**2G',B!4#1!7*,*%M*2!'&2!
('$*7!,'"*!$#!',,*K$!%$S!=*((!"*!'G#1$!$9'$>!
D_!8*7*!4#1!*M*7!/17K7%/*2!G4!,7%$%,%/"!4#1!7*,*%M*2S!89'$!:'/!$9*!,7%$%,%/"!'&2!:94!
:*7*!4#1!/17K7%/*2S!!
E_!89'$!9'/!G**&!'!,#&/%/$*&$!/$7*&+$9!#<!4#17/S!89'$!*M%2*&,*!2#!4#1!9'M*!$9'$!$9%/!%/!
'&!'7*'!%&!:9%,9!4#1!'7*!/$7#&+S!
]_!89'$!9'/!G**&!'!,#&/%/$*&$!'7*'!#<!2*M*(#K"*&$!<#7!4#1S!P#:!2#!4#1!B&#:!$9'$!$9%/!
%/!'&!'7*'!#<!2*M*(#K"*&$!<#7!4#1S!
`_!I%/$!$97**!$9%&+/!$9'$!4#1!9'M*!(*'7&*2!'G#1$!4#17/*(<!%&!$9*!('/$!4*'7!$9'$!'7*!
7*(*M'&$!$#!$9*!:'4!4#1!:#7B>!P#:!2%2!4#1!(*'7&!$9%/!%&<#7"'$%#&S!d*/,7%G*!'!$%"*!
:9*&!4#1!1/*2!$9%/!&*:!%&<#7"'$%#&>!
?"@!A/$0.%!./!B/0%$&"9!C8"0!1%%"%%$0D!10%E"9%!
=9*!%&$*7M%*:!K7#M%2*/!$9*!%&$*7M%*:*7!#7!9%7%&+!"'&'+*7!:%$9!'&!#KK#7$1&%$4!$#!2*$*7"%&*!%<!
$9*!,'&2%2'$*!K#//*//*/!'&!',,17'$*!'//*//"*&$!#<!9*7!/B%((/>!5*#K(*!:9#!,'&!',,17'$*(4!'//*//!
G#$9! $9*%7! /$7*&+$9/! '&2! $9*%7! :*'B&*//*/! #K*7'$*! :%$9#1$! G(%&2! /K#$/>! =9*4! "'T%"%W*! $9*%7!
/$7*&+$9/!'&2!<%&2!:'4/!$#!%"K7#M*!#7!"%$%+'$*!$9*%7!:*'B&*//*/>!89*&!'!,'&2%2'$*!',,17'$*(4!
'//*//*/! 9*7! #:&! /B%((/F! $9'$! ,'&2%2'$*! %/! %&! '! G*$$*7! K#/%$%#&! $#! 2*$*7"%&*! :9*$9*7! /9*! :%((!
/1,,**2! %&! $9*! X#G! <#7! :9%,9! /9*! %/! %&$*7M%*:%&+>! =9*! Z1*/$%#&/! 'G#M*! K7#M*! 2%<<%,1($! <#7!
,'&2%2'$*/!G*,'1/*!$9*4!"'4!<**(!'!&**2!$#!+1'72!'+'%&/$!$*((%&+!$9*!%&$*7M%*:*7!'G#1$!'!$%"*!
:9*&! $9*4! :*7*! ,7%$%,%W*2>! =9*! %&$*7M%*:*7! "1/$! /*$! $9*! $#&*! /#! $9'$! $9*! ,'&2%2'$*! <**(/!
,#"<#7$'G(*>! H*! /17*! $#! %&,(12*! Z1*/$%#&/! $9'$! '/B! $9*! ,'&2%2'$*! $#! K#%&$! $#! *M%2*&,*i! $9*!
*M%2*&,*!9*(K/!4#1!$#!2*$*7"%&*!:9*$9*7!$9*!,'&2%2'$*!G'/*/!9*7!'&/:*7/!#&!#GX*,$%M*!2'$'>!
J#7! *T'"K(*F! j*774! /$'$*2! $9'$! 9%/! K7#G(*""/#(M%&+! /B%((/! '7*! 'G#M*! 'M*7'+*>! 89*&! $9*!
%&$*7M%*:*7!'/B*2!j*774!<#7!*M%2*&,*!#7!*T'"K(*/!$9'$!/1KK#7$!9%/!,('%"F!9*!:'/&L$!'G(*!$#!+%M*!
!
?D!
!

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

/K*,%<%,!2'$'>!P*!/'%2!$9%&+/!(%B*F!O=9%&+/!,#"*!*'/4!$#!"*FR!#7!O)!'(:'4/!B&#:!:9*7*!$#!(##BFR!
#7!O)!X1/$!1/*!"4!%&/$%&,$/>R!)&!7*/K#&/*!$#!$9*!/'"*!Z1*/$%#&F!'&#$9*7!,'&2%2'$*!/$'$*2F!O8*((F!)!
:'/!'/B*2!$#!/*7M*!#&!'!$'/B!<#7,*!<#7!7*21,%&+!$9*!*77#7!7'$*/!#&!#17!K7#,*//%&+!K7#,*217*>!)!
:'/!'(/#!'//%+&*2!'/!'!"*&$#7!$#!9*(K!&*:!9%7*/!/#(M*!K7#G(*"/>!)!'(/#!:'/!'/B*2!$#!7*M%*:!$9*!
$7#1G(*/9##$%&+!+1%2*!$9'$!$9*!*&+%&**7%&+!/$'<<!2*M*(#K*2!<#7!#17!1&%$>R!)&!$9*!('$$*7!*T'"K(*F!
$9*!*M%2*&,*!%/!/K*,%<%,!'&2!2*$'%(*2>!
!
.&#$9*7! %"K#7$'&$! Z1*/$%#&! '/B/! $9*! ,'&2%2'$*! $#! $9%&B! 'G#1$! '! $%"*! :9*&! 9*! 7*,*%M*2!
<**2G',B!$9'$!9*!%&%$%'((4!2%/'+7**2!:%$9!'&2!('$*7!,'"*!$#!',,*K$>!)<!$9*!,'&2%2'$*!'227*//*/!
$9%/!Z1*/$%#&F!%$!:#1(2!G*!M*74!9*(K<1(!$#!2*$*7"%&*!9#:!$9*!,'&2%2'$*!,'"*!$#!%&$*7&'(%W*!$9*!
<**2G',B>!)$!/9#:/!$9'$!$9*!,'&2%2'$*!G*,'"*!#K*&""%&2*2!'$!/#"*!K#%&$!'G#1$!$9*!<**2G',B>!
)&! 7*'(%$4F! :9'$! #<$*&! #,,17/! %/! $9'$! K*#K(*! 7*,*%M*! <**2G',B! $9'$! $9*4! 2#&L$! '+7**! :%$9! '&2!
$9*&! /K*&2! $9*%7! $%"*! X1/$%<4%&+! $9*%7! G*9'M%#7! #7! K7#M%&+! $9'$! $9*! <**2G',B! %/! %&,#77*,$>!
A#"*$%"*/F!%&2**2F!$9*!<**2G',B!%/!%&,#77*,$F!G1$!#<$*&!%$L/!&#$!'&2!:*!/K*&2!#17!$%"*!7*/%/$%&+!
:9'$!,#1(2!9*(K!1/>!

!
?E!
!

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

A*(<"6#&$7#(!#7!A*(<"N'&'+*"*&$-!!"#$%#&'(!!TK7*//%#&!
,-"%.$/0%!./!1%%"%%!1449/49$5."!G3/.$/05>!GJ49"%%$/0!
?_!d*/,7%G*!/#"*!$9%&+/!$9'$!"'B*!4#1!'&+74!#7!<71/$7'$*2!'$!:#7B>!=*((!"*!:9'$!4#1!2#!
%&!$9#/*!/%$1'$%#&/>!
;_!d*/,7%G*!/#"*!/%$1'$%#&/!:9*7*!4#1!'7*!(%B*(4!$#!+*$!'&&#4*2!'$!:#7B>!89'$!2#!4#1!
2#!:9*&!4#1!+*$!'&&#4*2S!
C_!=*((!"*!'G#1$!'!$%"*!4#1!:*7*!'&+74!:%$9!/#"*#&*!'$!:#7B>!89'$!2%2!4#1!2#S!
D_!P'/!$9*7*!*M*7!G**&!'!/%$1'$%#&!'$!:#7B!:9*7*!4#1!/'%2!/#"*$9%&+!'&2!('$*7!7*+7*$$*2!
/'4%&+!%$S!=*((!"*!'G#1$!$9'$>!
E_!=*((!"*!'G#1$!'!$%"*!:9*&!4#1!(#/$!4#17!$*"K*7!'$!:#7B>!89'$!2%2!4#1!2#S!!89'$!
7*/1($!2%2!$9%/!9'M*S!
]_!=*((!"*!'G#1$!'!$%"*!'$!:#7B!:9*&!4#1!9'2!$##!"1,9!$#!2#!'&2!%$!:'/!,'1/%&+!4#1!$#!
<**(!/$7*//*2>!89'$!2%2!4#1!2#S!
`_!89'$!2#!4#1!2#!:9*&!4#1!'7*!<**(%&+!/$7*//*2!'$!:#7BS!
a_!d*/,7%G*!'!/$7*//<1(!/%$1'$%#&!'$!:#7B>!89'$!2%2!4#1!2#S!
b_!d*/,7%G*!'!/%$1'$%#&!'$!:#7B!:9*&!4#1!:*7*!M*74!*&$91/%'/$%,!'G#1$!/#"*$9%&+>!P#:!
2%2!4#17!*&$91/%'/"!'<<*,$!#$9*7/S!
?Y_!d*/,7%G*!'!$%"*!:9*&!4#1!<*($!*T,%$*2!'G#1$!:#7B>!
??_!89*&!2#!4#1!(##B!<#7:'72!$#!+#%&+!$#!:#7BS!
?;_!d*/,7%G*!'!$%"*!:9*&!4#1!<*($!+7'$*<1(!'$!:#7B>!89'$!2%2!4#1!2#S!
?C_!k%M*!"*!'&!*T'"K(*!#<!:9*&!4#1!*TK7*//*2!+7'$%$12*!$#:'72!/#"*#&*!'$!:#7B>!!!!!!!
?"@!A/$0.%!./!B/0%$&"9!C8"0!1%%"%%$0D!10%E"9%!
8*!B&#:!$9'$!K*#K(*L/!$*"K*7'"*&$/!M'74!'&2!$9'$!/#"*!K*#K(*!7'7*(4!+*$!'&+74!:9%(*!#$9*7/!
+*$! *T,%$*2! *'/%(4>! )$L/! '(/#! %"K#7$'&$! <#7! 4#1F! $9*! %&$*7M%*:*7F! $#! 7*'(%W*! $9'$! 4#17! #:&!
$*"K*7'"*&$!:%((!%&<(1*&,*!4#17!%&$*7K7*$'$%#&!#<!$9*!'&/:*7/>!)<!,#&<7#&$'$%#&!<7%+9$*&/!4#1!
!
?]!
!

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

'&2!$9*!,'&2%2'$*!/$'$*/!$9'$!/9*!7'%/*2!'&!%//1*!:%$9!/#"*#&*F!4#1!"'4!X12+*!$9%/!$',$%,!'/!
&*+'$%M*! '&2! ,#&<7#&$'$%#&'(>! A#F! K7%#7! $#! '/B%&+! $9*/*! Z1*/$%#&/F! 2*$*7"%&*! $9*! ,1($17'(! '&2!
X#G!<%$>!J#7!*T'"K(*F!:9'$!"'4!G*!'KK7#K7%'$*!<#7!#&*!X#G!"'4!G*!%&'KK7#K7%'$*!<#7!'&#$9*7>!H*!
/17*! $#! K1$! $9*! ,'&2%2'$*! '$! *'/*F! #7! /9*! "'4! G*! 7*(1,$'&$! $#! '&/:*7! $9*/*! Z1*/$%#&/! %&! '!
/$7'%+9$<#7:'72!"'&&*7>!
!
.(/#F!%$L/!%"K#7$'&$!<#7!4#1F!$9*!%&$*7M%*:*7F!$#!7*'(%W*!$9'$!'&+*7!%/!&#$!&*+'$%M*>!P#:!:*!
*TK7*//!#17!'&+*7F!9#:*M*7F!,'&!G*!&*+'$%M*>!A#F!<#,1/!4#17!'$$*&$%#&!#&!$9*!G*9'M%#7'(!
*TK7*//%#&!#<!$9*!*"#$%#&>!P#:!2%2!$9*!,'&2%2'$*!*TK7*//!9*7!'&+*7!#7!<71/$7'$%#&S!8'/!%$!K7#"
21,$%M*S!d%2!$9*!"'&&*7!%&!:9%,9!/9*!'227*//*2!$9*!/%$1'$%#&!"'%&$'%&!'!K#/%$%M*!:#7B%&+!
7*('$%#&/9%K!:%$9!$9*!#$9*7!K*7/#&S!8*7*!4#1!'G(*!$#!+'%&!*M%2*&,*!#<!$9%/!G'/*2!#&!:9'$!$9*!
,'&2%2'$*!$#(2!4#1S!I##B!<#7!,#&/$71,$%M*!:'4/!$9*!,'&2%2'$*!*TK7*//*2!9*7/*(<>!A#"*!'K"
K7#K7%'$*!"*$9#2/!:#1(2!%&,(12*!,'((%&+!$9*!K*7/#&!'/%2*!'&2!2%/,1//%&+!$9*!/%$1'$%#&F!'/B%&+!
$9*!K*7/#&!:9*$9*7!9*!:#1(2!G*!:%((%&+!$#!2%/,1//!'($*7&'$%M*!M%*:/F!2%/,1//%&+!$9*!/%$1'$%#&!
K7%M'$*(4!:%$9!'!"*&$#7!$#!+'%&!'2M%,*!#&!9#:!G*/$!$#!'227*//!%$F!$'B%&+!'!,##(%&+"#<<!#7!$%"*"
#1$!K*7%#2!G*<#7*!'227*//%&+!$9*!/%$1'$%#&F!7*$9%&B%&+!$9*!K*7/K*,$%M*!#<!$9*!/%$1'$%#&F!#7!
/*K'7'$%&+!$9*!*M*&$!<7#"!$9*!K*7/#&>!@*"*"G*7-!(##B!<#7!*M%2*&,*!<7#"!$9*!,'&2%2'$*!$#!
%&2%,'$*!$9'$!/9*!"'&'+*/!#7!*TK7*//*/!9*7!'&+*7!#7!/$7*//!%&!'&!',,*K$'G(*!"'&&*7>!
!
)&!$9%/!/*,$%#&F!"'&4!#<!$9*!Z1*/$%#&/!'//*//!'&+*7!#7!/$7*//!"'&'+*"*&$>!P#:*M*7F!/#"*!
Z1*/$%#&/!'/B!'G#1$!*T,%$*"*&$F!*&$91/%'/"F!'&2!+7'$%$12*>!!T,%$*"*&$F!*&$91/%'/"F!'&2!
+7'$%$12*!,#1(2!G*!M*74!K#/%$%M*!Z1'(%$%*/>!=9*!Z1*/$%#&/!'%"*2!'$!+'1+%&+!$9*/*!Z1'(%$%*/!9*(K!
$9*!%&$*7M%*:*7!$#!2*$*7"%&*!:9*$9*7!$9*!,'&2%2'$*!'KK7#K7%'$*(4!*TK7*//*/!*"#$%#&!'G#1$!
:#7B>!N'&'+%&+!*"#$%#&!2#*/&L$!"*'&!$9'$!K*#K(*!/9#1(2&L$!*TK7*//!*"#$%#&>!!TK7*//%&+!
K#/%$%M*!<**(%&+/!,'&!+*&*7'$*!'!K#/%$%M*!"##2!<#7!#$9*7/>]!5#/%$%M*!<**(%&+/!+*&*7'$*!'!
,#&$'+%#1/!*&M%7#&"*&$>!!TK7*//%&+!*&$91/%'/"F!*T,%$*"*&$F!'&2!+7'$%$12*!,'&!G#&2!$*'"/!
'&2!,7*'$*!'!K#/%$%M*!:#7BK(',*!,1($17*>!5*#K(*!2%/K('4!$9*/*!*"#$%#&/!%&!2%<<*7*&$!:'4/>!A#"*!
%&2%M%21'(/!"'4!*TK7*//!*&$91/%'/"!Z1%*$(4i!#$9*7/!"'4!G*!G1GG(4>!=9*!K#%&$!#<!$9*/*!Z1*/$%#&/!
%/!$#!2*$*7"%&*!:9*$9*7!$9*!,'&2%2'$*!7*,#+&%W*/!'&2!G*9'M*/!%&!'!"'&&*7!$9'$!'((#:/!<#7!
K#/%$%M*!*TK7*//%#&!#<!*"#$%#&/>!=9*!Z1*/$%#&!'G#1$!$*"K*7%&+!*&$91/%'/"!%/!'&!%"K#7$'&$!
#&*>!.!+##2!*T'"K(*!,'"*!<7#"!'!,'&2%2'$*!*T,%$*2!'G#1$!'!K7#"#$%#&!$9'$!9*!7*,*%M*2>!P*!
/'%2!$9'$!9*!B&*:!$9'$!'!,#:#7B*7!%&$*7M%*:*2!<#7!$9*!K7#"#$%#&!'&2!2%2!&#$!+*$!$9*!K#/%$%#&>!
P*!/'%2!$9'$!9*!,'7*<1((4!2*,%2*2!&#$!$#!O71G!%$!%&!9%/!<',*R!G*,'1/*!9*!B&*:!9%/!,#:#7B*7!:'/!
2%/'KK#%&$*2>!P*!'(/#!'KK7#',9*2!$9*!,#:#7B*7!'&2!2%/,1//*2!$9*!%//1*>!=9*!,'&2%2'$*L/!
/*&/%$%M%$4!'G#1$!$9*!%//1*!'&2!9%/!G*9'M%#7!2*"#&/$7'$*2!9%/!':'7*&*//!#<!$9*!%"K',$!#<!
*TK7*//%&+!*"#$%#&/>!
!

!
?`!
!

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

A*(<"6#&$7#(!#7!A*(<"N'&'+*"*&$-!6#17'+*!#7!.//*7$%M*&*//!
,-"%.$/0%!./!1%%"%%!B/-95D"!/9!1%%"9.$#"0"%%!
!
?_!=*((!"*!'G#1$!'!$%"*!:9*&!4#1!/K#B*!1K!'G#1$!/#"*$9%&+!%&!$9*!:#7BK(',*>!89'$!:'/!$9*!
%//1*S!894!2%2!4#1!/K*'B!1K!'G#1$!%$S!89'$!2%2!4#1!/'4S!89'$!2%2!#$9*7/!$9%&BS!
!
;_!P'/!$9*7*!*M*7!G**&!'!/%$1'$%#&!'$!:#7B!:9*7*!4#1!:%/9!4#1!9'2!/'%2!/#"*$9%&+!%&!'!"**$%&+!
#7!*&,#1&$*7!G1$!2%2&L$S!=*((!"*!'G#1$!$9'$>!
!
C_!d*/,7%G*!:9'$!4#1!2%2!$9*!('/$!$%"*!/#"*#&*!G('"*2!4#1!<#7!/#"*$9%&+!'$!:#7B!$9'$!:'/&L$!
4#17!<'1($>!89'$!2%2!4#1!2#S!
!
D_!d*/,7%G*!'!$%"*!:9*&!4#1!:*7*!7%+9$!'&2!4#1!B&*:!4#1!:*7*!7%+9$F!G1$!$9*!#$9*7!K'7$4!
f,1/$#"*7F!,#:#7B*7F!4#17!G#//_!'$!:#7B!2%2&L$!G*(%*M*!4#1>!89'$!2%2!4#1!2#S!
E_!=*((!"*!'G#1$!'!$%"*!:9*&!4#1!<*($!/#"*$9%&+!:'/!1&<'%7!'$!:#7B>!89'$!2%2!4#1!2#S!
]_!=*((!"*!'G#1$!'!$%"*!:9*&!4#1!B&*:!$9'$!4#1!:*7*!$#(2!$#!2#!/#"*$9%&+!$9'$!4#1!$9#1+9$!
:'/&L$!'!+##2!%2*'>!89'$!2%2!4#1!2#S!
J#7!"'&'+*7/!#7!(*'2*7/-!

`_!=*((!"*!'G#1$!'!$%"*!:9*&!4#1!2%/'+7**2!'G#1$!$9*!2%7*,$%#&!#<!$9*!,#"K'&4!#7!'!K#(%,4>!
89'$!2%2!4#1!2#S!
a_!d*/,7%G*!'!$%"*!:9*&!4#1!'&2!'!K**7!:*7*!'$!#22/!'G#1$!'!K'7$%,1('7!2*,%/%#&!#7!2%7*,$%#&>!
89'$!2%2!4#1!2#S!
b_!=*((!"*!'G#1$!'!$%"*!:9*&!4#17!G#//!9'2!'!K'7$%,1('7!#K%&%#&!$9'$!2%<<*7*2!<7#"!4#17/>!89'$!
2%2!4#1!2#S!
?Y_!=*((!"*!'G#1$!'!$%"*!:9*&!4#1!2%/'+7**2!:%$9!'!+#'(!$9'$!4#1!:*7*!$#(2!$#!',9%*M*>!P#:!
2%2!$9'$!+#S!
??_!d*/,7%G*!'!2%<<%,1($!K*7<#7"'&,*!2%/,1//%#&!$9'$!4#1!9'2!:%$9!'&!*"K(#4**>!
?;_!=*((!"*!'G#1$!'!$%"*!:9*&!4#1!2*,%2*2!&#$!$#!2%/,1//!'&!%//1*!:%$9!'&!*"K(#4**>!89'$!2%2!
4#1!,#&/%2*7S!
!
?a!
!

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

?"@!A/$0.%!./!B/0%$&"9!C8"0!1%%"%%$0D!10%E"9%!
6#17'+*!$#!/K*'B!1K!:9*&!'KK7#K7%'$*!*&+*&2*7/!"'&4!<%&*!Z1'(%$%*/>!c<!,#17/*F!7*,#+&%W%&+!
9#:!'&2!:9*&!$#!/K*'B!1K!'&2!:9*&!%$L/!G*/$!$#!(*$!$9%&+/!+#!2*K*&2!#&!$9*!K*7/#&L/!7#(*!'&2!
$9*!/%$1'$%#&>!k*$$%&+!%&$#!'&!'7+1"*&$!:%$9!'!,1/$#"*7!#M*7!:9#!%/!7%+9$!"'4!G*!'!91+*!:'/$*!
#<!$%"*!'&2!27%M*!$9*!,1/$#"*7!':'4>!P#:*M*7F!/K*'B%&+!#1$!'G#1$!:9'$!%/!7%+9$!%<!4#1L7*!$9*!
6Jc!"'4!G*!'!,7%$%,'(!X#G!<1&,$%#&>!cGM%#1/(4F!$9*&F!',,17'$*!'&'(4/%/!#<!$9*!'&/:*7/!$#!$9*/*!
Z1*/$%#&/!7*Z1%7*/!<%($*7%&+!$9*"!$97#1+9!G#$9!$9*!X#G!<1&,$%#&!'&2!$9*!/%$1'$%#&>!)&!'2M'&,*!#<!
$9*! %&$*7M%*:F! 4#1L((! :'&$! $#! G1%(2! $9*! ,'/*! <#7! :9*&! $9*/*! ,#"K*$*&,%*/! '7*! %"K#7$'&$>! )&!
+*&*7'(F! $9#1+9F! 4#1L((! G*! '//*//%&+! '! ,'&2%2'$*L/! (%B*(%9##2! #<! /K*'B%&+! 1K! '&2! 2#%&+! /#! %&! '!
K7#21,$%M*! "'&&*7! 7'$9*7! $9'&! G*%&+! K'7'(4W*2! G4! <*'7! #7! %&*7$%'>! k*&*7'((4F! $9*/*! Z1*/$%#&/!
<#7"! '&! %&$*7*/$%&+! G'('&,*! :%$9! $9*! Z1*/$%#&/! 'G#1$! '&+*7! "'&'+*"*&$>! l/1'((4F!
$*"K*7'"*&$! <#7,*/! K*#K(*! $#! G*! #&! #&*! /%2*! #7! $9*! #$9*7m*%$9*7! $##! '//*7$%M*! #7! &#$!
'//*7$%M*! *&#1+9>! e#1L7*! &#$! $74%&+! $#! ,9'&+*! $9*! K*7/#&L/! G'/%,! $*"K*7'"*&$F! G1$! 7'$9*7!
2*$*7"%&*!9%/!#7!9*7!G'/%,!$*&2*&,4!'&2!9#:!9*!1/*/!K'/$!*TK*7%*&,*!$#!B&#:!9#:!$#!&'M%+'$*!
$9*/*! /%$1'$%#&/>! I##B! <#7! '&/:*7/! $9'$! 2*"#&/$7'$*! $9'$! $9*! ,'&2%2'$*! 1&2*7/$'&2! 9%/! G'/%,!
$*&2*&,%*/!'&2!9'/!$'B*&!/$*K/!$#!*%$9*7!$17&!1K!#7!$17&!2#:&!$9*!M#(1"*!#&!9%/!'//*7$%M*&*//!
/#!$9'$!9%/!G*9'M%#7/!K7#21,*!$9*!2*/%7*2!7*/1($/!:%$9!#$9*7/>!.(/#F!4#1!,'&!2*$*7"%&*!:9*$9*7!
$9*! ,'&2%2'$*! 9'/! $9*! ,#17'+*! $#! $'B*! 7*/K#&/%G%(%$4! <#7! 9%/! *&M%7#&"*&$! G4! G7%&+%&+! 1K!
/%$1'$%#&/!$9'$!,#1(2!G*!%"K7#M*2>!e#1!,'&!'(/#!2*$*7"%&*!%<!$9*!,'&2%2'$*!:%((!,#&$7%G1$*!%2*'/!
'&2!/1++*/$%#&/!#7!X1/$!+#!'(#&+!:%$9!$9*!/$'$1/!Z1#>!
!
)&! '! "'&'+*"*&$! #7! (*'2*7/9%K! ,'&2%2'$*F! (##B! <#7! *T,1/*/>! A#"*! K*#K(*! /'4! $9*4! 2#&L$!
,#&<7#&$!&*+'$%M*!G*9'M%#7!G*,'1/*!$9*4!B&#:!$9*!#7+'&%W'$%#&!:#&L$!G',B!$9*"F!#7!G*,'1/*!
$9*4!2#&L$!:'&$!$#!917$!/#"*#&*L/!<**(%&+/F!#7!G*,'1/*!#$9*7/!:%((!2*,7*'/*!K7#21,$%M%$4F!#7!G*"
,'1/*! $9*! $%"%&+! :'/&L$! 7%+9$>! H*! #&! $9*! (##B#1$! <#7! '&/:*7/! $9'$! /1++*/$! $9'$! $9*! ,'&2%2'$*!
/B%7$/!%//1*/>!
!
J#((#:"1K!Z1*/$%#&/!$9'$!,#&/%2*7!"#$%M*!K7#M%2*!'&#$9*7!('4*7!#<!%&<#7"'$%#&>!./BF!O894!2%2!
4#1! 2*,%2*! $#! /K*'B! 1KSR! #7! O894! 2%2! 4#1! ,#&/%2*7! $9%/! %//1*! %"K#7$'&$SR! #7! O894! 2%2! 4#1!
2*,%2*!&#$!$#!/K*'B!1KSR!.+'%&F!4#1L((!&**2!$#!'//*//!$9*!'&/:*7/!G4!$'B%&+!%&$#!,#&/%2*7'$%#&!
$9*!X#G!<1&,$%#&!'&2!$9*!,1($17*!#<!$9*!#7+'&%W'$%#&>!
!

!
?b!
!

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

A*(<"6#&$7#(!#7!A*(<"N'&'+*"*&$-!@*/%(%*&,*!
,-"%.$/0%!./!1%%"%%!!"%$>$"06"!
?_!=*((!"*!'G#1$!'!$%"*!:9*&!4#1!<*($!$9'$!4#1!:*7*!2*<*'$*2!'$!:#7B>!89'$!2%2!4#1!2#S!
;_!=*((!"*!'G#1$!'!$%"*!:9*&!4#1!:*7*!2%/$7',$*2!#7!K7*#,,1K%*2!'G#1$!/#"*$9%&+>!89'$!2%2!
4#1!2#S!
C_!=*((!"*!'G#1$!'!$%"*!:9*&!4#1!<*($!(%B*!+%M%&+!1K!#&!/#"*$9%&+>!89'$!2%2!4#1!2#S!
D_!d*/,7%G*!'!$%"*!:9*&!4#1!2%2&L$!$9%&B!$9%&+/!,#1(2!+*$!'&4!:#7/*F!'&2!$9*&!$9*4!2%2>!89'$!
2%2!4#1!2#S!
E_!=*((!"*!'G#1$!'!$%"*!:9*&!4#1!2*,%2*2!$#!+%M*!1K!#&!'!+#'(>!
]_!=*((!"*!'G#1$!'!$%"*!:9*&!4#1!:*7*!#M*7:9*("*2!'$!4#17!('/$!X#G>!P#:!#<$*&!2#*/!$9'$!
#,,17S!89'$!2#!4#1!2#!'G#1$!%$S!
`_!='(B!'G#1$!$9*!('/$!$%"*!4#1!:*7*!,7%$%,%W*2!'$!:#7B>!P#:!2%2!$9'$!+#S!
?"@!A/$0.%!./!B/0%$&"9!C8"0!1%%"%%$0D!10%E"9%!
J#7! "#/$! #<! 1/F! (%<*! X1/$! %/&L$! 7#/4! '((! $9*! $%"*>! H4! '/B%&+! K*#K(*! $#! '//*//! 9#:! $9*4! 7*',$! $#!
$9#/*! $%"*/! :9*&! :#7B! +*$/! 2%/,#17'+%&+! #7! :9*&! $9*4! <**(! #M*7:9*("*2! %&2%,'$*/! 9#:!
7*/%(%*&$!'!K*7/#&!%/!217%&+!$9*!2%<<%,1($!$%"*/>!)&!7*/K#&/*!$#!Z1*/$%#&/!'G#1$!$9*/*!/%$1'$%#&/F!
"#/$!K*#K(*!:%((!:'&$!$#!<%($*7!$9*%7!'&/:*7/!$#!K7*/*&$!#&(4!'!K#/%$%M*!K%,$17*F!/#!/*$$%&+!$9*!
$#&*!<#7!'&!9#&*/$!2%/,1//%#&!%/!%"K#7$'&$!e#1!,'&!2#!$9%/!G4!/$'$%&+F!O8*!B&#:!$9'$!*M*74!2'4!
,'&L$! G*! '! +7*'$! 2'4i! )L2! (%B*! $#! B&#:! "#7*! 'G#1$! $9#/*! 2'4/! '$! :#7B! $9'$! 2#&L$! +#! /#! :*((>R!
=9*&! (%/$*&! <#7! $9*! ,'&2%2'$*L/! 'G%(%$4! $#! G#1&,*! G',B>! J%7/$F! :9'$! '(*7$/! $9*! ,'&2%2'$*! $#! 9%/!
7*/K#&/*!$#!G'2!2'4/S!=9*&F!2#*/!$9*!,'&2%2'$*!9'M*!/#"*!/#7$!#<!/4/$*"!$#!7*,#M*7!#7!,#K*!
:%$9! $9*! G'2! 2'4/S! )<! K#//%G(*F! %$! :#1(2! '(/#! G*! 1/*<1(! $#! '//*//! 9#:! "'&4! #<! $9*/*! 2'4/! $9*!
K*7/#&!*&,#1&$*7/>![)<!*M*74!2'4!%/!'!G'2!2'4F!$9'$!"'4!G*!,'1/*!<#7!,#&,*7&>_!
!
H*!/17*!$#!(##B!<#7!$9*!"*$9#2/!K*#K(*!1/*!$#!#M*7,#"*!#G/$',(*/>!)$L/!&#$!$9'$!7*/%(%*&$!K*#K(*!
2#&L$! 9'M*! G'2! 2'4/F! G1$! $9*4! ,7*'$*! :'4/! $#! +*$! $97#1+9! $9*">! c<$*&$%"*/F! 7*/%(%*&$! K*#K(*!
7*'(%W*!$9'$!$9*!/%$1'$%#&!%/!$*"K#7'74>!c$9*7/!/'4!$9*4!K1$!$9*!/%$1'$%#&!%&!K*7/K*,$%M*>!A#"*!
/'4! $9*4! $'(B! %$! #M*7! :%$9! '! ,#&<%2'&$! '&2! 7*'(%W*! $9'$! $9*4! "'4! G*! G(#:%&+! $9%&+/! #1$! #<!
K7#K#7$%#&>!A$%((!#$9*7/!$'(B!'G#1$!:9'$!$9*4!"'4!9'M*!G**&!'G(*!$#!(*'7&!<7#"!$9*/*!B%&2/!#<!
*TK*7%*&,*/>! 6'&2%2'$*/! :9#! 2:*((! #&! $9*! /%$1'$%#&/F! K(',*! G('"*F! ,#&/$'&$(4! 71&! ':'4! <7#"!
,9'((*&+%&+! /%$1'$%#&/F! +%M*! 1KF! #7! 2*/,7%G*! M%,$%"! #7! K#:*7(*//&*//! G*9'M%#7/! K7#M%2*! $9*!
!
;Y!
!

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

%&$*7M%*:*7!:%$9!,'1/*!<#7!,#&,*7&>!
!
!
M/0-%!,-"%.$/0%N!1%%"%%$0D!1E59"0"%%!50&!B/0.9/>!20!H8"!O/3"0.!
.&!%"K#7$'&$!,#&,*K$!%&!*"#$%#&'(!%&$*((%+*&,*!7*Z1%7*/!K*#K(*!$#!G*!'G(*!$#!*T*7,%/*!G#$9!/*(<"
':'7*&*//! '&2! /*(<",#&$7#(! O%&! $9*! "#"*&$>R! H4! *T*7,%/%&+! /*(<"':'7*&*//! '&2! /*(<",#&$7#(! %&!
$9*! "#"*&$F! :*! 'M#%2! G',B$7',B%&+F! 917$! <**(%&+/F! '&2! :'/$*2! ,#""1&%,'$%#&>! J#7! *T'"K(*F!
7*'(%W%&+! '<$*7! $9*! <',$! $9'$! '&! ',$%#&! #7! G*9'M%#7! ,'1/*2! 9'7"! #7! :'/! %&'KK7#K7%'$*! K7#M*/!
G*$$*7! $9'&! &#$! G*%&+! ':'7*! '$! '((F! G1$! %$! /$%((! 7*Z1%7*/! $9*! K*7/#&! $#! +#! G',B! '&2! 7%+9$! $9*!
/%$1'$%#&>! 5*79'K/! $9*! /%$1'$%#&! 7*Z1%7*2! '&! 'K#(#+4F! #7! '! 2%/,1//%#&! $#! ,(*'7! $9*! '%7>! c&*!
"'&'+*7! /1""*2! %$! 1K! G4! /$'$%&+! $9'$! /9*! $9#1+9$! 'G#1$! 9#:! /9*! $7*'$*2! '! K'7$%,1('7!
*"K(#4**!'&2!7*'(%W*2!$9'$!/9*!(',B*2!K'$%*&,*!%&!$9*!/%$1'$%#&>!A9*!2*,%2*2!$#!'K#(#+%W*!$#!$9*!
*"K(#4**!'&2!$9*&!/*$!'/%2*!$%"*!$#!(%/$*&!$#!$9*!*"K(#4**L/!%//1*>!
!
P#:*M*7F!%<!'!K*7/#&!,'&!7*,#+&%W*!'&2!*T*7,%/*!/*(<"':'7*&*//!'&2!/*(<",#&$7#(!'/!$9*!/%$1'$%#&!
1&<#(2/F! /9*! ,'&! $9*&! ,9##/*! $#! ',$! %&! '&! 'KK7#K7%'$*! "'&&*7F! $91/! *(%"%&'$%&+! 1&&*,*//'74!
$17"#%(!#7!G',B$7',B%&+>!)<!$9*!"'&'+*7!%&!$9*!*T'"K(*!%&!$9*!('/$!K'7'+7'K9!7*'(%W*2!$9'$!9*7!
%"K'$%*&,*! '<<*,$*2! $9*! :'4! /9*! %&$*7',$*2! :%$9! $9*! *"K(#4**F! /9*! ,#1(2! 9'M*! '2X1/$*2! 9*7!
G*9'M%#7!#&!$9*!/K#$>!)&$*7M%*:*7/!'&2!9%7%&+!"'&'+*7/!/9#1(2!'//*//!:9*$9*7!'!,'&2%2'$*!%/!
':'7*!'&2!'2X1/$/!9*7!G*9'M%#7!%&!$9*!"#"*&$>!
!
,-"%.$/0%!./!1%%"%%!1E59"0"%%!50&!B/0.9/>!$0!.8"!O/3"0.!
!
?_!=*((!"*!'G#1$!'!$%"*!:9*&!4#1!7*'(%W*2!$9'$!'!,#&M*7/'$%#&!:'/&L$!+#%&+!M*74!:*((>!f)/!$9*!
,'&2%2'$*!'G(*!$#!7*'(%W*!217%&+!$9*!/%$1'$%#&!$9*!24&'"%,/!#<!$9*!/%$1'$%#&S_!89'$!2%2!4#1!2#S!
f)/!$9*!,'&2%2'$*!'G(*!$#!7*2%7*,$!$9*!,#&M*7/'$%#&!<#7!'!G*$$*7!#1$,#"*S_!
;_! =*((! "*! 'G#1$! '! $%"*! :9*&! 4#1! 7*'(%W*2! $9'$! 4#1! :*7*&L$! /K*'B%&+! 1K! 217%&+! '! "**$%&+>!
89'$!2%2!4#1!2#S!!
C_!=*((!"*!'G#1$!'!$%"*!:9*&!4#1!7*'(%W*2!$9'$!/#"*$9%&+!:'/!G*/$!(*<$!1&/'%2>!89'$!2%2!4#1!
2#S!
?"@!A/$0.%!./!B/0%$&"9!C8"0!1%%"%%$0D!10%E"9%!
89*&!*T*7,%/%&+!*"#$%#&'(!%&$*((%+*&,*!%&!$9*!"#"*&$F!'!K*7/#&!,9##/*/!$#!7*2%7*,$!
!
;?!
!

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

,#&M*7/'$%#&/!#7!',$%#&/!'/!$9*4!1&<#(2>!=9*!%&$*7M%*:*7!/9#1(2!(##B!<#7!*T'"K(*/!:9*7*!$9*!
,'&2%2'$*!/$'$*/!$9'$!&-9$0D!'!,#&M*7/'$%#&!#7!*&,#1&$*7F!/9*!/$**7*2!$9*!,#&M*7/'$%#&!%&!'!
"#7*!K7#21,$%M*!2%7*,$%#&>!.($9#1+9!%$!"'4!K7#M*!2%<<%,1($!<#7!$9*!,'&2%2'$*!$#!,#"*!1K!:%$9!
*T'"K(*/F!$9*/*!B%&2/!#<!2%/K('4/!#<!*"#$%#&'(!%&$*((%+*&,*!/K*'B!M#(1"*/>!.!$4K%,'(!*T'"K(*!
"%+9$!G*-!O=9*!#$9*7!2'4!)!:'/!#&!$9*!$*(*K9#&*!'/B%&+!<#7!/#"*!%&<#7"'$%#&!<7#"!'!K**7!%&!
'&#$9*7!2*K'7$"*&$>!=9*!K**7F!%&!'!,17$!M#%,*F!/'%2!/9*!2%2&L$!9'M*!$%"*!$#!+%M*!"*!$9*!
%&<#7"'$%#&>!)!:'/!'&&#4*2!'$!9*7!'&/:*7F!G1$!%""*2%'$*(4!)!$9#1+9$F!%$!%/&L$!+#%&+!$#!+*$!"*!
'&4:9*7*!$#!G*!,17$!%&!7*$17&>!=9*7*<#7*F!)!$9#1+9$!'G#1$!9*7!/%$1'$%#&!'&2!)!/'%2F!n)!7*'(%W*!%$L/!
$9*!*&2!#<!$9*!"#&$9!'&2!4#1L7*!K7#G'G(4!/:'"K*2>!)&!<',$F!)!9'$*!$#!G#$9*7!4#1!:%$9!$9%/!
7*Z1*/$!:9*&!)!B&#:!4#1!9'M*!/#!"'&4!#$9*7!$9%&+/!$#!2#>L!A9*L/!'!M*74!7*'/#&'G(*!K*7/#&F!/#!
/9*!/'%2F!n)L"!/#774>!)!7*'((4!'"!/:'"K*2!'&2!:*L7*!/9#7$9'&2*2!$#2'4>!)!B&#:!4#1!&**2!$9%/>!)!
,'&!+*$!$9%/!$#!4#1!'<$*7!(1&,9>!8#1(2!$9'$!G*!#B'4SL!O=9%/!,'&2%2'$*!:'/!'G(*!$#!+%M*!'!
,#&,7*$*!*T'"K(*!#<!'!$%"*!:9*&!/9*!$##B!/$*K/!$#!*T*7,%/*!*"#$%#&'(!%&$*((%+*&,*!217%&+!$9*!
*&,#1&$*7!$9'$!7*/1($*2!%&!'!"#7*!K#/%$%M*!#1$,#"*>!P'2!/9*!',$*2!#&!$9*!<',$!$9'$!/9*!:'/!
'&&#4*2!'$!G*%&+!K1$!#<<!G4!9*7!K**7F!/9*!,#1(2!9'M*!*/,'('$*2!$9*!,#&<(%,$>!=#!*/$'G(%/9!
':'7*&*//!%&!$9*!"#"*&$F!(##B!<#7!*M%2*&,*!#<!G#$9!7*/$7'%&$!%&!*/,'('$%&+!,#&<(%,$!'&2!'(/#!
*T'"K(*/!#<!9'M%&+!$9*!,#17'+*!$#!/K*'B!1K!:9*&!'KK7#K7%'$*>!H#$9!<',$#7/!,#&$7%G1$*!$#!
/1,,*//<1(!%&$*7',$%#&/>!
!

!
;;!
!

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

A*(<"6#&$7#(!#7!A*(<"N'&'+*"*&$-!5('&&%&+!$9*!=#&*!#<!
6#&M*7/'$%#&/!
,-"%.$/0%!./!1%%"%%!A>500$0D!.8"!H/0"!/F!B/0#"9%5.$/0%!
!
?_!=*((!"*!'G#1$!'!$%"*!:9*&!4#1!2*(%G*7'$*(4!K('&&*2!$9*!$#&*!#<!'!K'7$%,1('7!,#&M*7/'$%#&>!
f=9%/!%&2%,'$*/!$9'$!$9*!,'&2%2'$*!%/!':'7*!$9'$!$#&*!'<<*,$/!#1$,#"*>_!P#:!2%2!4#1!2#!$9'$S!
f=9%/!%&2%,'$*/!/B%((>_!89'$!7*/1($!2%2!%$!9'M*S!
;_!)&!4#17!K7*/*&$!X#GF!,'&!4#1!$*((!"*!'G#1$!/#"*!/%$1'$%#&/!:9*&!4#1!"1/$!$9%&B!'G#1$!9#:!
4#1!'7*!+#%&+!$#!/'4!/#"*$9%&+!G*<#7*!/'4%&+!%$S!89'$!"1/$!4#1!,#&/%2*7S!
C_!=*((!"*!'G#1$!'!$%"*!:9*&!4#1!K('&&*2!$9*!:'4!4#1!K97'/*2!'!K7#G(*"!#7!/%$1'$%#&!/#!$9'$!
4#1!,#1(2!+*$!$9*!G*/$!7*/1($>!
D_!=*((!"*!'G#1$!'!$%"*!:9*&!4#1!"%//*2!'&!#KK#7$1&%$4!$#!/*$!$9*!$#&*!%&!'!2%/,1//%#&>!89'$!
9'KK*&*2S!
?"@!A/$0.%!./!B/0%$&"9!C8"0!1%%"%%$0D!10%E"9%!
!
j1/$! '/! /$7'$*+4! <',$#7/! %&$#! G1/%&*//! /1,,*//F! /$7'$*+4! '(/#! <',$#7/! %&$#! #17! /1,,*//! %&! #17!
91"'&! 7*('$%#&/9%K/>! H4! /$7'$*+%W%&+! $#! +*$! $9*! G*/$! #1$,#"*! <7#"! '! ,#&M*7/'$%#&F! '! K*7/#&!
2*(%G*7'$*(4!2*$*7"%&*/!9#:!$#!%&$*7',$!%&!'!K7#21,$%M*!"'&&*7>!89*&!$9*!,'&2%2'$*!'&/:*7/!
$9*/*!Z1*/$%#&/F!$9*!%&$*7M%*:*7!/9#1(2!(##B!<#7!9#:!$9*!,'&2%2'$*!K('&&*2!'&2!K7*K'7*2!<#7!
$9*! ,#&M*7/'$%#&! G4! '&$%,%K'$%&+! $9*! 7*',$%#&/!#<! $9*! #$9*7! K'7$4>! J#7!*T'"K(*F! $9*! ,'&2%2'$*!
"'4!7*('4!'!/%$1'$%#&!/%"%('7!$#!$9*!<#((#:%&+-!O)!9'2!$#!$'(B!$#!'!,#:#7B*7!'G#1$!'!K7#G(*"'$%,!
/%$1'$%#&>!!'7(%*7F!:*!9'2!'!/$'<<!"**$%&+!'&2!2*,%2*2!#&!/*M*7'(!',$%#&/!$9'$!:*!,#1(2!$'B*!$#!
9*(K!#&*!'&#$9*7!"**$!$9*!*&2"#<"2'4!,1$#<<!2*'2(%&*!<#7!71&&%&+!:#7B>!=9*!,#:#7B*7!:'/&L$!
2#%&+! /#"*$9%&+! $9'$! :*! '+7**2! $#! '$! #17! /$'<<! "**$%&+! '&2! %$! :'/! '<<*,$%&+! "4! 7*/1($/>! )!
$9#1+9$!'G#1$!9#:!9*!"%+9$!7*',$>!)!'&$%,%K'$*2!$9'$!9*!,#1(2!+*$!2*<*&/%M*!:9*&!)!'KK7#',9*2!
9%">!A#F!)!2*,%2*2!$#!#K*&!$9*!,#&M*7/'$%#&!G4!/'4%&+!$9'$!/*M*7'(!#<!$9*!',$%#&/!9*!:'/!$'B%&+!
'/!'!7*/1($!#<!#17!/$'<<!"**$%&+!:*7*!7*'((4!9*(K%&+!"*!"**$!"4!2*'2(%&*/F!'&2!)!$9'&B*2!9%"!
<#7! $9'$>! )! '/B*2! %<! $9%&+/! :*7*! #B'4! <7#"! 9%/! K*7/K*,$%M*F! 7*+'72%&+! $9*! &*:! ',$%#&/>! =9*&! )!
G7#',9*2!$9*!/1GX*,$!#<!$9*!K7#G(*">!)L"!/#!+('2!)!2*,%2*2!$#!$9%&B!'G#1$!9#:!$#!'KK7#',9!9%"F!
G*,'1/*!9*!:'/!M*74!#K*&!$#!$'(B%&+!'G#1$!$9*!K7#G(*">!)<!)!9'2!X1/$!,#"*!#1$!'&2!',,1/*2!9%"!
#<! &#$! 2#%&+! /#"*$9%&+! :*! '+7**2! $#F! 9*! :#1(2! 9'M*! 9'2! '! M*74! &*+'$%M*! 7*',$%#&>R! )&! $9%/!
*T'"K(*F!$9*!%&$*7M%*:*7!,'&!/**!$9'$!$9*!,'&2%2'$*!:'/!/*&/%$%M*!$#!$9*!<',$!$9'$!9*!,#1(2!/*$!
!
;C!
!

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

$9*! $#&*! #<! $9*! 2%/,1//%#&! G4! $9*! :'4! 9*! 'KK7#',9*2! 9%/! ,#:#7B*7>! =9*! ,'&2%2'$*! +'M*!
<#7*$9#1+9$!$#!9%/!/$7'$*+4!'&2!2*(%M*7*2!%$!%&!'!:'4!$9'$!',9%*M*2!'!K#/%$%M*!7*/1($>!
!
c<!,#17/*F!$9%/!/B%((!'(:'4/!9'/!$9*!K#$*&$%'(!<#7!'G1/*>!)<!'!K*7/#&!/*$/!$9*!$#&*!:%$9!$9*!+#'(!#<!
,7*'$%&+!#1$,#"*/!$9'$!G*&*<%$!#&(4!9*7!#7!%<!/9*!1/*/!'&!%&/%&,*7*!$#&*F!/9*!,'&!G*!,#&/%2*7*2!
"'&%K1('$%M*>!./B%&+!,'&2%2'$*/!$#!<1((4!2*/,7%G*!$9*!/%$1'$%#&!#7!#1$,#"*/!'((#:/!<#7!'!<1((*7!
2%/,(#/17*!#<!$9*!<',$/>!.(/#F!K7#G%&+!Z1*/$%#&/!'G#1$!"#$%M*!,('7%<4!$9*!,'&2%2'$*L/!%&$*&$%#&/!
'&2!/%&,*7%$4>!c&*!,'&2%2'$*!/**B%&+!'KK7#M'(!#<!$9*!(*'2!*&+%&**7!/'%2F!O)!B&*:!%<!)!G1$$*7*2!
k*#7+*! 1KF! )L2! +*$! 9%/! 'KK7#M'(! <#7! $9*! K7#X*,$! '&2! )L2! (##B! (%B*! '! 9*7#! $#! $9*! +14/! 1K/$'%7/>R!
.($9#1+9!$9%/!,'&2%2'$*!"'4!G*!/%&,*7*F!<17$9*7!K7#G%&+!%/!%&!#72*7!G*,'1/*!'$!<',*!M'(1*F!$9%/!
7*/K#&/*! /#1&2/! Z1%$*! "'&%K1('$%M*>! .(/#F! $9*! ,'&2%2'$*L/! "#$%M*/! /**"! ,#771K$>! .! "#7*! %&"
2*K$9!2%/,1//%#&!#<!"'&%K1('$%#&!'&2!#$9*7!:'7&%&+!/%+&/!<#7!%&$*7M%*:*7/!'&2!9%7%&+!"'&'+*7/!
<#((#:/!%&!$9*!('/$!,9'K$*7!#<!$9%/!G##B>!
!
!

!
;D!
!

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

!"K'$94-!@*/K*,$<1(!I%/$*&%&+!
,-"%.$/0%!./!1%%"%%!!"%4"6.F->!Q$%."0$0D!
!
?_!=9%&B!'G#1$!'!$%"*!:9*&!4#1!2%2&L$!1&2*7/$'&2!/#"*$9%&+!%&!$9*!:#7BK(',*>!89'$!2%2!4#1!

2#S!
;_!d*/,7%G*!'!/%$1'$%#&!:9*&!4#1!2%2&L$!1&2*7/$'&2!:94!/#"*#&*!:'/!',$%&+!'!,*7$'%&!:'4!#7!
$'B%&+!'!,*7$'%&!K#/%$%#&!#&!/#"*!%//1*>!89'$!2%2!4#1!2#S!
C_!d*/,7%G*!'!$%"*!:9*&!4#1!X1"K*2!$#!,#&,(1/%#&/>!
D_!=*((!"*!'G#1$!'!,#&M*7/'$%#&!:%$9!'!,#:#7B*7F!*"K(#4**F!#7!,1/$#"*7!$9'$!2%2&L$!+#!M*74!
:*((>!89'$!/K*,%<%,'((4!#,,177*2S!
J#7!"'&'+*7/!#7!(*'2*7/-!
!
E_!=*((!"*!'G#1$!'!$%"*!:9*&!4#1!(*'7&*2!/#"*$9%&+!G4!(%/$*&%&+!$#!'&!*"K(#4**>!
!
]_!d*/,7%G*!'!$%"*!:9*&!4#1!'/B*2!/#"*#&*!<#7!%&<#7"'$%#&!'G#1$!'!K7#G(*">!
!
?"@!A/$0.%!./!B/0%$&"9!C8"0!1%%"%%$0D!10%E"9%!
!
I%/$*&%&+!/B%((/!9'M*!"'&4!2%<<*7*&$!(*M*(/!#<!,#"K*$*&,4>!I%/$*&%&+!$#!+'%&!%&<#7"'$%#&!9*(K/!
$9*!,'&2%2'$*!(*'7&!/#"*$9%&+>!=9*!,'&2%2'$*!/9#1(2!G*!'G(*!$#!+%M*!*T'"K(*/!:9*&!/9*!'/B*2!
,('7%<4%&+!Z1*/$%#&/F!K7#G*2F!#7!#$9*7:%/*!'/B*2!Z1*/$%#&/F!'&2!$9*&!(%/$*&*2!$#!$9*!'&/:*7/!$#!
2%/,*7&!%&<#7"'$%#&>!I%/$*&%&+!<#7!%&<#7"'$%#&!K7#M%2*/!K'4#<</!%&!$*7"/!#<!Z1'(%$4!'&2!,#/$/>!
.,,#72%&+!$#!'&!'7$%,(*!%&!,-5>$.@!A9/D9"%%\!$:#!,'/*!/$12%*/!K7*/*&$*2!,(*'7!*M%2*&,*!$9'$!
(%/$*&%&+!$#!:#7B*7/!,'&!7*/1($!%&!G%+!K'4G',B!#KK#7$1&%$%*/F!:9%,9!%&!$17&!7*/1($!%&!,#/$!'&2!
Z1'(%$4!%"K7#M*"*&$/>;!J1&2'"*&$'(!$#!$9*!*&$%7*!Z1'(%$4!"#M*"*&$!%/!$9*!%2*'!$9'$!/#(1$%#&/!
$#!K7#G(*"/!,#"*!<7#"!(%/$*&%&+!$#!$9*!K*#K(*!:9#!'7*!,(#/*/$!$#!$9*!:#7B>!cGM%#1/(4F!
"'&'+*7/!'&2!(*'2*7/!/9#1(2!2*"#&/$7'$*!%&!$9*!%&$*7M%*:!K7#,*//!$9'$!$9*4!(%/$*&!$#!
%&<#7"'$%#&!<7#"!'!:%2*!M'7%*$4!#<!/#17,*/>!
!
=9*! &*T$! (*M*(! #<! (%/$*&%&+! 7*Z1%7*/! $9*! ,'&2%2'$*! $#! +%M*! *T'"K(*/! #<! 9#:! 9*! /#1+9$! $#!
1&2*7/$'&2!/#"*#&*L/!K#/%$%#&!#7!',$%#&/!$9'$!:*7*!2%<<*7*&$!<7#"!9%/!#:&>!)&!$9*/*!*T'"K(*/F!
$9*! ,'&2%2'$*! /9#1(2! +%M*! *T'"K(*/! #<! 9#:! (%/$*&%&+! 9*(K*2! 9%"! G*$$*7! 1&2*7/$'&2! $9*!
!
;E!
!

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

1&2*7(4%&+!%//1*/F!M'(1*/F!#7!<**(%&+/!'//#,%'$*2!:%$9!'&#$9*7!K*7/#&L/!K#/%$%#&>!8'$,9!<#7!$9*!
,'&2%2'$*L/! /1""'74! #<! $9%/! /%$1'$%#&>! d#*/! 9*! *&2! %$! :%$9F! O)! /$%((! ,'&L$! 1&2*7/$'&2! 9#:!
/#"*#&*!,#1(2!$'B*!/1,9!'!K#/%$%#&>R!c7!2%2!$9*!,'&2%2'$*!:'(B!':'4!:%$9!'!G*$$*7!'&2!2**K*7!
1&2*7/$'&2%&+S!P*!"'4!/$%((!2%/'+7**!:%$9!$9*!#$9*7!K*7/#&L/!K#/%$%#&F!G1$!9*!"'4!2*"#&/$7'$*!
'!2%<<*7*&$!'$$%$12*!'G#1$!$9*!K*7/#&!'&2!9%/!M%*:/>!.(/#F!:'$,9!<#7!'!7*/K*,$<1(!$#&*!217%&+!$9*!
2*/,7%K$%#&!#<!$9*!*&,#1&$*7>!)<!$9*!,'&2%2'$*!2*/,7%G*/!'!/%$1'$%#&!%&!'!$#&*!$9'$!%/!%&,7*21(#1/!
#<! $9*! #$9*7! K*7/#&L/! G*(%*</! #7! ',$%#&/F! 4#1! ,'&! G*$! $9'$! $9*! /'"*! $#&*! ,#"*/! ',7#//! %&! 9%/!
*&,#1&$*7/!:%$9!#$9*7/>!P*L/!K7#G'G(4!&#$!(%/$*&%&+!$#!1&2*7/$'&2F!G1$!7'$9*7!(%/$*&%&+!$#!K7#M*!
9%/!K#%&$>!
!
./B%&+!<#7!,#&$7'74!*M%2*&,*!'(:'4/!'22/!'!2**K*7!2%"*&/%#&!$#!$9*!%&$*7M%*:!K7#,*//>!H4!
'/B%&+!'G#1$!$%"*/!:9*&!'!,'&2%2'$*!X1"K*2!$#!,#&,(1/%#&/!#7!:9*&!'!,#&M*7/'$%#&!2%2&L$!+#!
M*74!:*((F!$9*!%&$*7M%*:*7!+'%&/!%"K#7$'&$!%&<#7"'$%#&!'G#1$!/*(<"':'7*&*//!'&2!$9*!7*<(*,$%#&!
"*$9#2/!$9*!,'&2%2'$*!*"K(#4/!%&!$9*!'7*'!#<!(%/$*&%&+>!
!

!
;]!
!

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

!"K'$94i!J**(%&+!$9*!)"K',$!#&!c$9*7/!
,-"%.$/0%!./!1%%"%%!S"">$0D!.8"!23456.!/0!7.8"9%!
!
?_!=*((!"*!'G#1$!'!/%$1'$%#&!:9*&!4#1!/*&/*2!/#"*$9%&+!:'/!G#$9*7%&+!'!K**7!#7!,#:#7B*7>!
P#:!2%2!4#1!B&#:S!89'$!2%2!4#1!2#S!
;_!d*/,7%G*!'!/%$1'$%#&!:9*&!4#1!B&*:!$9'$!/#"*$9%&+!:'/!:7#&+!:%$9!'!7*('$%#&/9%K!4#1!9'2!
:%$9!'!K**7F!,1/$#"*7F!#7!/1K*7M%/#7>!89'$!2%2!4#1!2#S!
C_!@*('$*!'!/%$1'$%#&!%&!:9%,9!4#1!2*$*7"%&*2!$9'$!/#"*$9%&+!$9'$!4#1!2%2!#7!/'%2!2%2&L$!+#!#M*7!
M*74!:*((>!P#:!2%2!@/-!B&#:S!
D_!d*/,7%G*!'!$%"*!:9*&!4#1!/'%2!#7!2%2!/#"*$9%&+!$9'$!9'2!'!&*+'$%M*!*<<*,$!#&!/#"*#&*!
E_!d*/,7%G*!'!$%"*!:9*&!4#1!2%2!#7!/'%2!/#"*$9%&+!$9'$!9'2!'!&*+'$%M*!*<<*,$!#&!/#"*#&*!'&2!
4#1!:*7*!1&':'7*!#<!%$!1&$%(!/#"*#&*!*(/*!G7#1+9$!%$!$#!4#17!'$$*&$%#&>!
J#7!"'&'+*7/!#7!(*'2*7/-!
]_!=*((!"*!'G#1$!'!$%"*!:9*&!4#1!/*&/*2!$9'$!'&!*"K(#4**!:'/!/$71++(%&+>!P#:!2%2!4#1!B&#:S!
89'$!2%2!4#1!2#S!
`_!=*((!"*!'G#1$!'!$%"*!:9*&!4#1!&#$%,*2!$9'$!4#17!/$'<<!:'/!#M*7:9*("*2>!P#:!2%2!4#1!
B&#:S!!89'$!2%2!4#1!2#S!
a_!d*/,7%G*!'!$%"*!:9*&!'!,9'&+*!4#1!:*7*!%"K(*"*&$%&+!,'1/*2!/$7*//!<#7!4#17!/$'<<>!P#:!2%2!
4#1!B&#:S!89'$!2%2!4#1!2#S!
?"@!A/$0.%!./!B/0%$&"9!C8"0!1%%"%%$0D!10%E"9%!
!
I##B!<#7!*"K'$94!$9'$!*"'&'$*/!<7#"!:%$9%&!$9*!,'&2%2'$*>!)<!:*!"1/$!7*(4!#&!#$9*7/!$#!G7%&+!
$#!#17!'$$*&$%#&!#,,177*&,*/!$9'$!7*Z1%7*!*"K'$94F!$9*&!$9*!*<<*,$%M*&*//!#<!#17!%&$*7',$%#&/!
2%"%&%/9*/>!d%2!$9*!,'&2%2'$*L/!1&2*7/$'&2%&+!,#"*!<7#"!:%$9%&S!d17%&+!$9*!%&$*7M%*:!K7#,*//F!
$9*/*!Z1*/$%#&/!,'&!9*(K!4#1!2*$*7"%&*!:9*$9*7!$9*!,'&2%2'$*!1&2*7/$'&2/F!*TK7*//*/F!#7!
2%/K('4/!*"K'$94!$#:'72!#$9*7/>!I##B!<#7!*M%2*&,*!$9'$!$9*!,'&2%2'$*!7*'2/!&#&M*7G'(!,1*/F!
&#$%,*/!&1'&,*/!#7!2%<<*7*&,*/!%&!K*#K(*L/!G*9'M%#7F!#7!#$9*7:%/*!7*,#+&%W*/!,1*/!$9'$!%&2%,'$*!
$9'$!/#"*$9%&+!:'/!'"%//>!=9*&!'//*//!$9*!,'&2%2'$*L/!',$%#&/>!d%2!/9*!'KK7#',9!$9*!K*7/#&S!
!
;`!
!

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

d%2!/9*!,9##/*!$#!%+&#7*!$9*!G*9'M%#7S!d%2!/9*!#K*&!2%'(#+1*S!d%2!/9*!(#:*7!/$'&2'72/!#7!
*TK*,$'$%#&/S!d%2!/9*!7*/,1*!$9*!K*7/#&S!fN#7*!%&<#7"'$%#&!'G#1$!*TK7*//*2!*"K'$94!'KK*'7/!
%&!$9*!&*T$!/*,$%#&F!OA*7M%,*!c7%*&$'$%#&md*/%7*!$#!P*(K!c$9*7/>R_!
!
c&*!,'&2%2'$*!:9#!&#$%,*2!$9'$!'!,#:#7B*7!:'/!/$7*//*2!G4!/#"*!7*,*&$!/#<$:'7*!,9'&+*/!
/'%2!$9'$!9*!:7#$*!'!<'B*!"*"#!<7#"!$9*!9*'2!#<!$9*!)=!2*K'7$"*&$!/$'$%&+!$9'$!$9*!/#<$:'7*!
:'/!+#%&+!$#!G*!2%/,#&$%&1*2!G*,'1/*!%$!:'/!2%<<%,1($!$#!1/*>!=9%/!,'&2%2'$*!:'/!Z1%$*!,'K'G(*!
#<!7*'2%&+!$9*!/%$1'$%#&!G1$!<'%(*2!/9'7K(4!:9*&!%$!,'"*!$#!*TK7*//%&+!*"K'$94>!o**2(*//!$#!
/'4F!9%/!',$%#&/!,'1/*2!*M*&!"#7*!9'7">!=9*4!'(/#!M%#('$*2!X1/$!'G#1$!*M*74!:#7B!71(*!
%"'+%&'G(*>!A#"*$%"*/!$9*!'&/:*7/!4#1!+*$!$#!$9*/*!Z1*/$%#&/!:%((!'"'W*!4#1U!
!
=9*!K*7/#&!:9#!%/!:*((!"*'&%&+!G1$!1&'G(*!$#!1&2*7/$'&2!9%/!%"K',$!"'4!:*((!<'((!/9#7$!#<!$9*!
7*Z1%7*"*&$/!<#7!'!X#G!$9'$!7*Z1%7*/!%&$*7',$%#&/!:%$9!#$9*7/>!.//*//!$9*!K*7/#&L/!(*M*(!#<!
':'7*&*//!'&2!9#:!%&!$1&*!9*!%/!:%$9!9#:!#$9*7/!'7*!*TK*7%*&,%&+!9%">!)<!'!,'&2%2'$*!/$71++(*/!
$#!,#"*!1K!:%$9!'&!'&/:*7!$#!$9*/*!Z1*/$%#&/F!9*!"'4!(',B!*"K'$94!'&2!G*!1&'G(*!$#!
7*,#+&%W*!$9*!K(%+9$!#<!#$9*7/>!

!
;a!
!

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

!"K'$94-!A*7M%,*!c7%*&$'$%#&!
,-"%.$/0%!./!1%%"%%!<"9#$6"!79$"0.5.$/0!
!
?_!=*((!"*!'G#1$!'!$%"*!:9*&!4#1!#<<*7*2!'//%/$'&,*!$#!/#"*#&*!:%$9#1$!G*%&+!'/B*2>!89'$!2%2!

4#1!2#S!
;_!d*/,7%G*!'!/%$1'$%#&!:9*&!4#1!#<<*7*2!'//%/$'&,*!$#!/#"*#&*!*M*&!$9#1+9!%$!:'/!#1$/%2*!#<!
4#17!X#G!2*/,7%K$%#&>!89'$!2%2!4#1!2#S!
C_!@*('$*!'&!%&/$'&,*!:9*&!/#"*#&*!&**2*2!9*(K!'&2!4#1!,#1(2&L$!9*(K!9%">!89'$!2%2!4#1!2#S!
D_!=*((!"*!'G#1$!'!$%"*!:9*&!4#1!7*,#+&%W*2!$9'$!/#"*#&*!&**2*2!9*(K>!89'$!2%2!4#1!2#S!
E_!d*/,7%G*!'!/%$1'$%#&!:9*&!4#1!:*7*!'/B*2!$#!9*(K!/#"*#&*!'$!:#7B>!89'$!2%2!4#1!$9%&B!
'G#1$!$9'$S!
]_!8'/!$9*7*!*M*7!'!$%"*!:9*&!4#1!7*/*&$*2!9*(K%&+!/#"*#&*!'$!:#7BS!=*((!"*!'G#1$!$9'$>!
!
J#7!$9*!"'&'+*7!#7!(*'2*7-!
!
`_!=*((!"*!'G#1$!'!$%"*!:9*&!'&!*"K(#4**!:'/!/$71++(%&+>!89'$!2%2!4#1!2#S!

!
?"@!A/$0.%!./!B/0%$&"9!C8"0!1%%"%%$0D!10%E"9%!
!
./!:*!/'%2!*'7(%*7F!/*7M%,*!#7%*&$'$%#&!%/!%"K#7$'&$>!)&!$9%/!/*7%*/!#<!Z1*/$%#&/F!$9*!%&$*7M%*:*7!
/9#1(2!G*!2*$*7"%&%&+!:9*$9*7!$9*!,'&2%2'$*!%/!9*(K<1(!:%$9#1$!G*%&+!'/B*2>!J%7/$F!%/!$9*!
,'&2%2'$*!'G(*!$#!/**!$9*!&**2S!A*,#&2F!%/!$9*!,'&2%2'$*!:%((%&+!$#!'//%/$S!=9*!%&$*7M%*:*7!:%((!
G*!'G(*!$#!2*$*7"%&*!$9%/!G4!9#:!7*'2%(4!$9*!,'&2%2'$*!,'&!,#"*!1K!:%$9!,#&,7*$*!*T'"K(*/!#<!
:9*&!/9*!#<<*7*2!'//%/$'&,*!$#!#$9*7/>!I##B!<#7!'!:%2*!M'7%*$4!#<!*T'"K(*/>!)&!#$9*7!:#72/F!2%2!
$9*!,'&2%2'$*!9*(K!,#:#7B*7/S!P#:!'G#1$!K**7/!<7#"!#$9*7!2*K'7$"*&$/S!.(/#!(##B!<#7!$9*!
,'&2%2'$*L/!:%((%&+&*//!$#!'//%/$!#1$/%2*!9*7!X#G!2*/,7%K$%#&>!!M*&!'!/"'((!$9%&+!(%B*!$9*!*T'"K(*!
#<!$9*!X'&%$#7!#<<*7%&+!2%7*,$%#&/!:%$9#1$!G*%&+!'/B*2F!%/!'&!*T'"K(*!#<!'!K*7/#&!'//%/$%&+!#$9*7/!
#1$/%2*!9%/!X#G!2*/,7%K$%#&>!)$L/!'(/#!$*((%&+!:9*&!'!K*7/#&!,'&!2*$*7"%&*!$9'$!/#"*#&*!%/!
/$71++(%&+!#7!,#&<1/*2!'&2!$9*&!#<<*7/!'//%/$'&,*!',,#72%&+(4>!A#"*#&*!:9#!%/!/*7M%,*!#7%*&$*2!
!
;b!
!

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

4*$!1&'G(*!$#!2%7*,$(4!'//%/$!'&#$9*7!K*7/#&!:%((!#<$*&!/*7M*!'/!'!G7#B*7!#7!,#&21%$!<#7!$9*!
K*7/#&!&**2%&+!'//%/$'&,*>!)&!#$9*7!:#72/F!$9*!/*7M%,*"#7%*&$*2!%&2%M%21'(!:%((!"'B*!'!K9#&*!
,'((!#7!%&$7#21,*!/#"*#&*!:9#!,'&!9*(K!$9*!K*7/#&!%&!&**2F!#7!:%((!2%7*,$!$9*!K*7/#&!$#!
/#"*#&*!:9#!:%((!B&#:!$9*!'&/:*7>!5*#K(*!:9#!'7*!/*7M%,*!#7%*&$*2!,'&L$!'(:'4/!/#(M*!'!K7#G"
(*"F!G1$!$9*4!'7*!,#&,*7&*2!*&#1+9!'G#1$!'!K*7/#&!:9#!&**2/!9*(K!$#!2%7*,$!9*7!$#!/#"*#&*!
:9#!,'&>!
!
=9*7*!'7*!'!<*:!,'1$%#&/!$#!,#&/%2*7!:9*&!*M'(1'$%&+!/*7M%,*!#7%*&$'$%#&>!=9*!%&$*7M%*:*7!:%((!
&**2!$#!2*$*7"%&*!:9*$9*7!$9*!,'&2%2'$*!%/!':'7*!#<!:9*&!9*!%/!G*%&+!$'B*&!'2M'&$'+*!#<!G4!'!
O&**24R!,#:#7B*7F!/#"*#&*!:9#!'(:'4/!/**"/!$#!&**2!9*(K>!=9%/!B%&2!#<!"'&%K1('$%#&!#&!$9*!
K'7$!#<!$9*!,#:#7B*7!,'&!G*!K'7$%,1('7(4!,9'((*&+%&+!<#7!/#"*#&*!:%$9!'!/$7#&+!/*7M%,*!
#7%*&$'$%#&>!=9*7*!%/!'!<%&*!(%&*!G*$:**&!G*%&+!9*(K<1(!'&2!G*%&+!1/*2m'($9#1+9!$#!*77!#&!$9*!
/%2*!#<!G*%&+!9*(K<1(!%/!K7*<*77*2>!=9'$L/!:94!$9*!Z1*/$%#&!'G#1$!:9*$9*7!#7!&#$!$9*!,'&2%2'$*!
9'/!*M*7!7*/*&$*2!9*(K%&+!/#"*#&*!%/!%"K#7$'&$>!)$!:%((!+%M*!$9*!%&$*7M%*:*7!'&!%2*'!'G#1$!9#:!
$9*!,'&2%2'$*!G'('&,*/!$9*/*!K#%&$/>!
!
.&#$9*7!,'1$%#&!'KK(%*/!$#!"'&'+*7/!#7!(*'2*7/!:9#!2%/K('4!7*/,1%&+!G*9'M%#7>!@*/,1%&+!
G*9'M%#7!7*/1($/!:9*&!,#"K'//%#&!<#7!'&!*"K(#4**!:9#!%/!/$71++(%&+!,'1/*/!$9*!"'&'+*7!$#!
(#:*7!#7!,#"K7#"%/*!/$'&2'72/>!=9*!"'&'+*7!"'4!'(/#!+%M*!$9*!:#7B!$#!#$9*7!"#7*!,'K'G(*!
K*#K(*!$#!,#M*7!<#7!$9*!*"K(#4**!:9#!%/!/$71++(%&+>!H*%&+!*"K'$9%,!$#:'72!*"K(#4**/!:9#!'7*!
/$71++(%&+!2#*/!&#$!"*'&!$9'$!'!"'&'+*7!/9#1(2!<#7+#!/$'&2'72!K*7<#7"'&,*""'&'+*"*&$!
$*,9&%Z1*/>!c&!$9*!,#&$7'74F!*"K'$94!/9#1(2!/*7M*!'/!'&!*&$7Q*!$#!$9*!K*7<#7"'&,*"
"'&'+*"*&$!2%/,1//%#&>!!"K'$94!:%((!'(/#!*&'G(*!$9*!"'&'+*7!$#!G1%(2!7'KK#7$!:%$9!$9*!
/$71++(%&+!*"K(#4**F!$91/!G1%(2%&+!'!G7%2+*!<#7!G*$$*7!K*7<#7"'&,*>!
!

!
CY!
!

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

A#,%'(!!TK*7$&*//-!H1%(2%&+!@*('$%#&/9%K/!
,-"%.$/0%!./!1%%"%%!M-$>&$0D!!">5.$/0%8$4%!
!
?_!89#!'7*!/#"*!B*4!K*#K(*!:%$9%&!4#17!#7+'&%W'$%#&!:9#!4#1!,177*&$(4!"1/$!:#7B!:%$9!#&!'!
7*+1('7!G'/%/!$#!+*$!4#17!:#7B!2#&*S!d*/,7%G*!4#17!7*('$%#&/9%K/!:%$9!$9*/*!K*#K(*>!
;_!! d*/,7%G*!4#17!K7*/*&$!7*/K#&/%G%(%$4!<#7!G1%(2%&+!'&2!"'%&$'%&%&+!7*('$%#&/9%K/!'$!:#7B>!
89#"!2#!4#1!G1%(2!7*('$%#&/9%K/!:%$9S!P#:S!894S!
C_!=*((!"*!'G#1$!'!$%"*!:9*&!4#1!:*7*!'G(*!$#!+*$!/#"*$9%&+!2#&*!'$!:#7B!G*,'1/*!#<!'!
7*('$%#&/9%K!4#1!9'2!:%$9!'&#$9*7!K*7/#&>!
D_!=*((!"*!'G#1$!/#"*!#<!$9*!K*#K(*!:9#"!4#1!9'M*!$#!:#7B!:%$9!#&!'!7*+1('7!G'/%/!$9'$!@/-!
<%&2!2%<<%,1($!$#!+*$!'(#&+!:%$9>!89'$!9'M*!4#1!2#&*!$#!G1%(2!/$7#&+*7!7*('$%#&/9%K/!:%$9!$9*/*!
K*#K(*S!
E_!=*((!"*!'G#1$!'!/%$1'$%#&!:9*&!4#1!O:#&!/#"*#&*!#M*7R!'$!:#7B>!89'$!2%2!4#1!2#S!
]_!=*((!"*!'G#1$!/#"*#&*!:9#!%/!7*/%/$'&$!$#!4#1>!89'$!2%2!4#1!2#S!
`_!=*((!"*!'G#1$!4#17!7*('$%#&/9%K!:%$9!4#17!"'&'+*7>!89'$!:#7B/!:*((S!89'$!:#1(2!4#1!(%B*!
$#!/**!%"K7#M*2S!
a_!89'$!2#!4#1!2#!$9'$!"'B*/!4#1!'!+##2!<#((#:*7S!
?"@!A/$0.%!./!B/0%$&"9!C8"0!1%%"%%$0D!10%E"9%!
!
=9*!%&$*7M%*:*7!/9#1(2!2*$*7"%&*!:9'$!/$*K/!$9*!,'&2%2'$*!$'B*/!$#!G1%(2!7*('$%#&/9%K/>!d#*/!
/9*!$'B*!',$%M*!/$*K/!$#!G1%(2!/#(%2!:#7B%&+!7*('$%#&/9%K/S!c7!%/!/9*!1&':'7*!#<!9#:!$#!G1%(2!
:#7B%&+!7*('$%#&/9%K/S!)2*'((4F!$9*!,'&2%2'$*!/9#1(2!7*,#+&%W*!'&2!$'B*!/$*K/!$#!',$%M*(4!G1%(2!
7*('$%#&/9%K/>!!M%2*&,*!#<!/$*K/!:#1(2!%&,(12*!G*%&+!<7%*&2(4!$#:'72!#$9*7/!G4!/'4%&+!+##2!
"#7&%&+F!'/B%&+!%<!$9*7*!%/!'&4$9%&+!'!,#:#7B*7!&**2/F!%&M%$%&+!K*#K(*!$#!*TK7*//!,#&,*7&/F!
(%/$*&%&+!$#!#$9*7/L!%2*'/F!'/B%&+!<#7!%&K1$F!<#((#:%&+!$97#1+9!#&!,#""%$"*&$/F!$'B%&+!/$*K/!$#!
%&,(12*!K*#K(*!%&!"**$%&+/F!'&2!<%&2%&+!:'4/!$#!'//%/$!:9*&!K#//%G(*>!.,,#72%&+!$#!'!/$124!%&!
$9*!]/-905>!/F!79D50$U5.$/05>!M"85#$/9!O505D"3"0.\!$9*/*!$4K*/!#<!*TK7*//%#&/!#<!K#/%$%M*!
K/4,9#(#+4!%&!$9*!:#7BK(',*!G4!K**7/!'&2!"'&'+*"*&$!(*'2!$#!*&9'&,*2!/'$%/<',$%#&F!
"#$%M'$%#&F!'&2!K7#21,$%M%$4!'&2!,7*'$*!'!K#/%$%M*!:#7BK(',*!,(%"'$*>??!=9*!K7#',$%M*!/$*K/!
!
C?!
!

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

$'B*&!G4!$9*!,'&2%2'$*!/9#1(2!G*!:#7B!7*('$*2>!8*L7*!&#$!(##B%&+!<#7!K*#K(*!:9#!2*M*(#K!
<7%*&2/9%K/!'$!:#7B>!8*L7*!(##B%&+!<#7!,'&2%2'$*/!:9#!M'(1*!'&2!$'B*!',$%#&/!$#!G1%(2!
9#&#7'G(*!'&2!7*/K*,$<1(!:#7B%&+!7*('$%#&/9%K/>!
!
89*&!'/B%&+!$9*!,'&2%2'$*!'G#1$!/#"*#&*!:9#!%/!2%<<%,1($!$#!+*$!'(#&+!:%$9F!(##B!<#7!*M%2*&,*!
$9'$!$9*!,'&2%2'$*!9'/!$7%*2!$#!G1%(2!'!7*('$%#&/9%K!:%$9!$9*!2%<<%,1($!,#:#7B*7>!.!<*:!K*#K(*!'7*!
X1/$!M*74!,#&$7'74F!'&2!&#!'"#1&$!#<!*<<#7$!"'4!,9'&+*!$9'$>!8*!2#&L$!*TK*,$!,'&2%2'$*/!$#!
9'M*!K*7<*,$!:#7B%&+!7*('$%#&/9%K/!:%$9!?YY!K*7,*&$!#<!$9*%7!,#:#7B*7/F!G1$!:*!2#!*TK*,$!
,'&2%2'$*/!$#!+*$!'(#&+!:*((!:%$9!"#/$!K*#K(*>!H*!/17*!$#!K7#G*!%<!/#"*#&*!/'4/!9*!+*$/!'(#&+!
:%$9!*M*74#&*>!=9'$L/!$9*!B%&2!#<!K'$!'&/:*7!$9'$!G*+/!<#7!,('7%<%,'$%#&>!@*/K#&2!:%$9!O)$!/#1&2/!
(%B*!4#1L7*!:#7B%&+!:%$9!'!+7*'$!$*'">!N#/$!#<!1/F!9#:*M*7F!'$!/#"*!K#%&$!%&!#17!K'/$F!9'M*!
*&,#1&$*7*2!'!$*'"!"*"G*7!$9'$!%/&L$!*'/4!$#!+*$!'(#&+!:%$9>!6'&!4#1!$*((!"*!'G#1$!/#"*#&*!
%&!4#17!K'/$!:9#!:'/!"#7*!2%<<%,1($SR!
!
.&#$9*7!%"K#7$'&$!,#&/%2*7'$%#&!%/!9#:!$9*!,'&2%2'$*!M%*:/!9%/!7*('$%#&/9%K!:%$9!9%/!G#//>!
d#*/!9*!M%*:!$9*!G#//!'/!/#"*#&*!:%$9!:9#"!9*!/9#1(2!',$%M*(4!G*!$'B%&+!/$*K/!$#!G1%(2!'!
7*('$%#&/9%KS!89'$!%/!9*!2#%&+!$#!*&/17*!'!/#(%2!7*('$%#&/9%KS!)&!$9%/!7*+'72F!$9*!%&$*7M%*:*7!,'&!
'//*//!9#:!$9*!,'&2%2'$*!B**K/!9%/!G#//!%&<#7"*2F!9#:!9*!/1KK#7$/!9%/!G#//L/!"%//%#&F!'&2!
9#:!9*!:#7B/!'/!'!$*'"!"*"G*7!:%$9!9%/!G#//>!=9*!7*('$%#&/9%K!:%$9!$9*!G#//!%/!'G#1$!G*%&+!'!
+##2!<#((#:*7>!89'$!$4K*!#<!<#((#:*7!/B%((/!%/!$9*!,'&2%2'$*!*TK7*//%&+S!k##2!<#((#:*7/!'7*!&#$!
4*/"K*#K(*>!=9*4!'7*!#K*&!$#!2%7*,$%#&F!#<<*7!/1++*/$%#&/F!+%M*!9#&*/$!%&K1$F!K1$!$9*!
2*K'7$"*&$!f'&2!$9*!G#//_!%&!$9*!G*/$!(%+9$F!/**B!$#!1&2*7/$'&2!$9*!2*K'7$"*&$L/!"%//%#&F!'&2!
9*(K!#$9*7/!:%$9%&!'&2!#1$/%2*!$9*!#7+'&%W'$%#&!$#!+*$!$9*!G*/$!<7#"!$9*%7!2*K'7$"*&$>!

!
C;!
!

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

A#,%'(!!TK*7$&*//-!6#(('G#7'$%#&!
,-"%.$/0%!./!1%%"%%!B/>>5;/95.$/0!
!
?_!=*((!"*!9#:!4#1!7*,*&$(4!/#(M*2!'!:#7B!K7#G(*">!89'$!K7#,*//!2%2!4#1!1/*S!

;_!d*/,7%G*!'!$%"*!:9*&!4#1!9'2!$#!/#(M*!'!K7#G(*"!$9'$!%&M#(M*2!#7!'<<*,$*2!#$9*7!K*#K(*!
:%$9%&!$9*!,#"K'&4>!P#:!2%2!4#1!/#(M*!%$S!
C_!P'M*!4#1!*M*7!%"K(*"*&$*2!'&!%2*'!#7!/#(M*2!'!K7#G(*"!'&2!9'2!4#17!/#(1$%#&!"**$!:%$9!
7*/%/$'&,*S!89'$!2#!4#1!$9%&B!4#1!,#1(2!9'M*!2#&*!$#!'M#%2!$9*!7*/%/$'&,*S!
D_!d*/,7%G*!'!$%"*!:9*&!4#1!/#1+9$!/#"*#&*L/!%2*'/!#7!#K%&%#&/!'G#1$!'!K7#X*,$!#7!%2*'!4#1!
:*7*!:#7B%&+!#&>!
E_!8'/!$9*7*!*M*7!'!$%"*!:9*&!4#1!7*X*,$*2!/#"*#&*L/!%2*'!#7!#K%&%#&!'G#1$!'!K7#X*,$S!=*((!"*!
'G#1$!$9'$>!
]_!=*((!"*!'G#1$!'!$%"*!:9*&!4#1!#<<*7*2!4#17!%2*'!#7!#K%&%#&!$#!/#"*#&*>!
`_!d*/,7%G*!'!$%"*!:9*&!4#17!%&K1$!%"K7#M*2!/#"*#&*L/!:#7B>!
a_!P'M*!4#1!*M*7!#<<*7*2!'&!%2*'!#7!#K%&%#&!'$!:#7B!'&2!9'2!&#$9%&+!$#!+'%&!<7#"!%$S!=*((!"*!
'G#1$!$9'$>!
?"@!A/$0.%!./!B/0%$&"9!C8"0!1%%"%%$0D!10%E"9%!
!
=9*!%&$*7M%*:*7!/9#1(2!G*!(##B%&+!<#7!$:#!/K*,%<%,!$4K*/!#<!',$%#&/-!',$%#&/!$9'$!$9*!,'&2%2'$*!
$##B!$#!%&M%$*!,#(('G#7'$%#&!'&2!',$%#&/!$9'$!2*"#&/$7'$*!$9'$!$9*!,'&2%2'$*!',$*2!
,#(('G#7'$%M*(4!:%$9!#$9*7/>!
!
=9*!,'&2%2'$*!/9#1(2!G*!'G(*!$#!2*/,7%G*!$%"*/!:9*&!9*!2*(%G*7'$*(4!/#1+9$!#1$!$9*!%2*'/!#7!
/1++*/$%#&/!#<!#$9*7/>!./!$9*!%&$*7M%*:*7!#7!9%7%&+!"'&'+*7F!4#1!/9#1(2!(##B!<#7!K7#',$%M*!/$*K/!
#&!$9*!K'7$!#<!$9*!,'&2%2'$*!$9'$!%&M%$*!#$9*7/!%&$#!$9*!K7#G(*""/#(M%&+!#7!%2*'!K9'/*!#<!'!
K7#X*,$>!6#(('G#7'$%#&!%/&L$!'G#1$!$*((%&+!K*#K(*!'<$*7:'72>!=9'$!"%+9$!Z1'(%<4!'/!+##2!
,#""1&%,'$%#&F!G1$!%$L/!&#$!,#(('G#7'$%#&>!)<!,#(('G#7'$%#&!%/!$9*!,#"K*$*&,4!$9'$!4#1!2*/%7*F!
(##B!<#7!',$%#&!/$*K/>!.(/#F!<#((#:!1K!:%$9!Z1*/$%#&/!$9'$!,('7%<4!$9*!/K*,%<%,!$4K*!#<!%&K1$!$9*!
,'&2%2'$*!:'/!/**B%&+>!.(/#F!'/B!<#((#:"1K!Z1*/$%#&/!$#!2*$*7"%&*!:9'$!$9*!,'&2%2'$*!2%2!:%$9!
!
CC!
!

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

$9*!%&K1$>!)<!$9*!,'&2%2'$*!'/B*2!<#7!%&K1$!G1$!2%2&L$!1/*!%$F!:9'$!/$*K/!2%2!/9*!$'B*!1K!<7#&$!'&2!
'<$*7:'72!$#!*&/17*!$9'$!K*#K(*!/$%((!<*($!7*/K*,$*2!#7!M'(1*2>!o#$9%&+!,'&!G*!"#7*!
2*"#7'(%W%&+!$9'&!$#!G*!'/B*2!<#7!%&K1$!'&2!$9*&!9'M*!$9'$!%&K1$!%+&#7*2>!.,$%#&!/$*K/!$#!
"%$%+'$*!$9%/!$4K*!#<!/%$1'$%#&!"%+9$!%&,(12*!'/B%&+!<#7!%&K1$!#&!'&4!#<!$97**!',,*K$'G(*!
/#(1$%#&/i!$*((%&+!K*#K(*!/K*,%<%,!7*'/#&/!:94!$9*%7!%&K1$!,#1(2!&#$!G*!1/*2i!'&2!"'B%&+!,(*'7!$#!
K*#K(*!$9'$!4#1!'7*!/**B%&+!'2M%/*7/F!&#$!2*,%/%#&!"'B*7/F!%&!$9*!K7#,*//>!P#:*M*7F!'!
,#(('G#7'$%M*!/K%7%$!+#*/!G*4#&2!/**B%&+!'2M%,*>!=71*!,#(('G#7'$%#&!7*Z1%7*/!$9'$!:*!/#"*$%"*/!
/177*&2*7!$9*!2*,%/%#&!"'B%&+!$#!$9*!+7#1K!K7#,*//!'&2!$9'$!:*!<',%(%$'$*!'!+7#1K!K7#,*//!$9'$!
:%((!+*&*7'$*!$9*!G*/$!7*/1($>!=9*!%&$*7M%*:*7!:%((!9'M*!$#!2*,%2*!:9'$!'KK7#',9!%/!G*/$!/1%$*2!
$#!$9*!X#G!'&2!$9*!#7+'&%W'$%#&>!
!
)&!'22%$%#&F!$9*!,'&2%2'$*!/9#1(2!G*!'G(*!$#!+%M*!*T'"K(*/!#<!:9*&!/9*!G*9'M*2!%&!'!
,#(('G#7'$%M*!"'&&*7!$#!9*(K!#$9*7/!:%$9!$9*%7!%2*'/!#7!K7#G(*"/>!=9*!%&$*7M%*:*7!/9#1(2!(%/$*&!
<#7!$%"*/!:9*&!$9*!,'&2%2'$*!:%((%&+(4!#<<*7*2!%2*'/!#7!/#(M*2!K7#G(*"/!:%$9#1$!G*%&+!'/B*2>!
.(/#F!$9*!$#&*!%&!:9%,9!$9*!,'&2%2'$*!#<<*7/!9*7!%2*'/!%/!M*74!%"K#7$'&$>!)/!$9*!,'&2%2'$*L/!$#&*!
9*(K<1(S!c7!%/!$9*!,'&2%2'$*!2*/,7%G%&+!'!$%"*!:9*&!/9*!#<<*7*2!'2M%,*!#7!%&K1$!$#!/#"*#&*!%&!'!
:'4!$9'$!"%+9$!/#1&2!2*"*'&%&+!#7!'77#+'&$S!P*7*L/!'&!*T'"K(*-!O)!$#(2!j#*!$9'$!$9*!G*/$!:'4!
$#!2#!$9*!X#G!:'/!$#!#K*&!$9*!K#7$!G*<#7*!9*!/$'7$*2!$9*!K7#,*//>!)!$#(2!9%"F!G1$!9*!2%2&L$!(%/$*&!
$#!"*>!)$!,#1(2!9'M*!/'M*2!9%"!'!(#$!#<!$%"*>R!=9%/!,'&2%2'$*!#<<*7*2!9*7!,#:#7B*7!/#"*!
'//%/$'&,*F!G1$!%$!:#1(2!G*!%"K#7$'&$!$#!,('7%<4!*T',$(4!:9'$!$7'&/K%7*2!%&!$9%/!%&$*7,9'&+*>!)<!
4#1!$9%&B!$9*!,'&2%2'$*!"'4!9'M*!,#""1&%,'$*2!%&!'!:'4!$9'$!:'/!'77#+'&$!#7!2*"*'&%&+F!G*!
/17*!$#!'/B!<#7!'22%$%#&'(!*T'"K(*/>!)<!$9*!,'&2%2'$*!K'%&$/!'!,#&/%/$*&$!K%,$17*!#<!#<<*7%&+!%2*'/!
'&2!9'M%&+!K*#K(*!7*X*,$!$9*"F!4#1L2!9'M*!$#!:#&2*7!%<!$9*!7*X*,$%#&!%/!%&9*7*&$!%&!$9*!"'&&*7!
%&!:9%,9!/9*!%/!#<<*7%&+!$9*!%2*'/>!
!
89*&!'/B%&+!Z1*/$%#&/!'G#1$!,#(('G#7'$%#&F!(##B!<#7!'!,#&/%/$*&$!G*9'M%#7!K'$$*7&!$9'$!
/1++*/$/!$9'$!$9*!,'&2%2'$*!1&2*7/$'&2/!'&2!M'(1*/!,#(('G#7'$%#&F!'&2!',$%M*(4!G*9'M*/!%&!'!
:'4!$9'$!K7#"#$*/!,#(('G#7'$%#&>!=9*!,'&2%2'$*!:9#!%/!$71(4!,#(('G#7'$%M*!%/!/#!G*,'1/*!/9*!
G*(%*M*/!%&!%$F!&#$!G*,'1/*!$9*!#7+'&%W'$%#&!*TK*,$/!9*7!$#!G*>!
!
J#7!/#"*!M*74!/*&%#7!K*#K(*F!,#(('G#7'$%#&!"'4!G*!/**&!'/!'!,#"K*$%$%M*!'2M'&$'+*F!'&2!$9*!
%&$*7M%*:*7!"'4!G*!(##B%&+!<#7!*M%2*&,*!$9'$!/*&%#7!K*#K(*!:%((!9'M*!'!M%/%#&!$9'$!%&,(12*/!
,#(('G#7'$%#&!%&!$9*!"'7B*$K(',*>!6#&/%2*7!$9%/!,#""*&$!G4!5'1(!5#("'&F!6Jc!#<!o*/$(Q-!
Oc&*!#<!$9*!,#7*!,9'((*&+*/!#<!!6@!g$9*!7*$'%(!%&21/$74L/!*<<%,%*&$!,#&/1"*7!7*/K#&/*h!%/!$#!
*&/17*!$9'$!:*!<#/$*7!,#(('G#7'$%#&!:9*&!%&!/#!"'&4!'7*'/!:*!'7*!,#"K*$%$#7/>R?C!

!
CD!
!

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

A#,%'(!!TK*7$&*//-!6#&<(%,$!@*/#(1$%#&!
,-"%.$/0%!./!1%%"%%!B/0F>$6.!!"%/>-.$/0!
!
?_!=*((!"*!'G#1$!'!2%/K1$*!:%$9!'!K**7>!89'$!:'/!%$!'G#1$S!89'$!2%2!4#1!2#S!P#:!2%2!%$!*&2!

1KS!
;_!=*((!"*!'G#1$!'!$%"*!:9*&!/#"*#&*!/1++*/$*2!/#"*$9%&+!$9'$!4#1!2%/'+7**2!:%$9>!89'$!2%2!
4#1!/'4S!
C_!P#:!9'M*!4#1!7*/#(M*2!2%<<*7*&,*/!:%$9!K**7/!#7!#$9*7/S!=*((!"*!'G#1$!$9*!K7#,*//!4#1!1/*!
$#!7*/#(M*!4#17!2%<<*7*&,*/>!
D_!P'M*!4#1!*M*7!*&,#1&$*7*2!/#"*#&*!'$!:#7B!:9#!:'/!1&7*'/#&'G(*S!!89'$!2%2!4#1!2#S!
J#7!"'&'+*7/!#7!(*'2*7/-!
!
E_!=*((!"*!'G#1$!'!$%"*!:9*&!$9*7*!:'/!'!2%/K1$*!G*$:**&!$:#!,#:#7B*7/>!89'$!2%2!4#1!2#S!
!
]_!=*((!"*!'G#1$!'!$%"*!:9*&!4#1!9'2!'!,#&<(%,$!:%$9!'&!*"K(#4**>!89'$!2%2!4#1!2#S!P#:!:'/!
%$!7*/#(M*2S!
!
`_!d*/,7%G*!'!$%"*!:9*&!/#"*#&*!<*($!$9'$!4#1!:*7*!1&<'%7>!89'$!2%2!4#1!2#S!
a_!@*('$*!'&!%&,%2*&$!:9*&!/#"*#&*!M*7G'((4!'$$',B*2!4#1!'G#1$!/#"*$9%&+!4#1!/'%2!#7!2%2>!
89'$!2%2!4#1!2#S!
?"@!A/$0.%!./!B/0%$&"9!C8"0!1%%"%%$0D!10%E"9%!
!
.&/:*7%&+!Z1*/$%#&/!'G#1$!,#&<(%,$!%/!1&,#"<#7$'G(*!<#7!"#/$!,'&2%2'$*/>!cGM%#1/(4F!K1$$%&+!
$9*!,'&2%2'$*!'$!*'/*!%/!%"K#7$'&$>!!=9*!%&$*7M%*:*7!/9#1(2!'/B!Z1*/$%#&/!$#!+'%&!'!G'('&,*2!
M%*:!#<!$9*!,'&2%2'$*L/!'G%(%$4!$#!'227*//!,#&<(%,$>!=9*!%&$*7M%*:*7!:%((!<%7/$!:'&$!$#!'//*//!
:9*$9*7!$9*!,'&2%2'$*!$4K%,'((4!'M#%2/!,#&<(%,$!#7!'227*//*/!$9*!,#&<(%,$!9*'2"#&>!=9%/!
%&<#7"'$%#&!:%((!+%M*!$9*!%&$*7M%*:*7!/#"*!%&2%,'$%#&!#<!<%$!:%$9%&!'!K'7$%,1('7!X#G>!N#/$!
%"K#7$'&$F!$9*!%&$*7M%*:*7!:%((!:'&$!$#!2*$*7"%&*!$9*!,'&2%2'$*L/!/B%((!(*M*(!:9*&!'227*//%&+!
,#&<(%,$>!89'$!/$*K/!#7!',$%#&/!2#*/!$9*!,'&2%2'$*!$'B*!$#!7*/#(M*!,#&<(%,$S!d#*/!9*!(##B!<#7!
,#""#&!+7#1&2S!d#*/!9*!'KK7#',9!$9*!,#&<(%,$!G4!K1$$%&+!9%/!#KK#&*&$!'$!*'/*S!)<!/#F!9#:!
2#*/!9*!2#!$9%/S!d#*/!9*!'//1"*!$9*!G*/$!'&2!/**B!'!:%&":%&!/#(1$%#&S!89'$!:#72/!2#*/!9*!
!
CE!
!

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

1/*!$#!',,#"K(%/9!$9%/S!e#1L((!&**2!$#!K7#G*!*&#1+9!$#!+'%&!'!$9#7#1+9!1&2*7/$'&2%&+!#<!$9*!
'KK7#',9!$9*!,'&2%2'$*!1/*/>!.&!#K*&%&+!/1,9!'/F!Oj1(%'&'F!)!B&#:!$9'$!$9%/!%/!%"K#7$'&$!$#!
4#1F!/#!)L2!(%B*!$#!<%&2!'!:'4!<#7!1/!$#!:#7B!$#+*$9*7!#&!$9%/>!)!G*(%*M*!:*!,'&!<%&2!'!/#(1$%#&!
$9'$!:%((!:#7B!<#7!G#$9!#<!1/FR!/*$/!'!:%&":%&!$#&*>!)$!2%/'7"/!$9*!,#&<(%,$>!.&#$9*7!%"K#7$'&$!
,#&/%2*7'$%#&!%/!:9*$9*7!$9*!,'&2%2'$*!#K*&(4!/$'$*/!9%/!,#&,*7&/!'&2!&**2/!'&2!%&M%$*/!9%/!
#KK#&*&$!$#!2#!$9*!/'"*>!=9*!2%'(#+1*!"%+9$!/#1&2!(%B*!$9%/-!O894!2#&L$!4#1!$*((!"*!:9'$!'!
K#/%$%M*!7*/#(1$%#&!:#1(2!(##B!(%B*F!'&2!)L((!2#!$9*!/'"*!<#7!4#1>!N'4G*!<7#"!$9*7*!:*!,'&!<%&2!
/#"*!,#""#&!+7#1&2>R!.+'%&F!$9*!%&$*7M%*:*7!/9#1(2!G*!2*$*7"%&%&+!9#:!$9*!,'&2%2'$*!
*&+'+*/!%&!$9*!,#&<(%,$>!d#*/!%$!/#1&2!7*'/#&'G(*S!)&,7*2%G(*!'/!%$!"'4!/#1&2F!:9*&!4#1!'/B!
K*#K(*!'G#1$!'!K'7$%,1('7!,#&<(%,$F!4#1!:%((!9*'7!*T'"K(*/!#<!9#:!K*#K(*!$'B*!'&!*T$7*"*!
K#/%$%#&!#7!*/,'('$*!$9*!"'$$*7!%""*2%'$*(4!G4!G7%&+%&+!%$!$#!'!/1K*7M%/#7>!
!
./!$9*!%&$*7M%*:*7F!4#1L((!'(/#!7*,*%M*!%&<#7"'$%#&!<7#"!$9*!,'&2%2'$*!7*+'72%&+!$#(*7'&,*!'&2!
2%M*7/%$4!%//1*/>!5*#K(*!'7*!&#$!'((!$9*!/'"*F!'&2!/#"*$%"*/!K*7/#&'(%$4!#7!M'(1*/!'7*!'$!$9*!
9*'7$!#<!$9*!,#&<(%,$>!)/!$9*!,'&2%2'$*!#M*7(4!/*&/%$%M*!$#!K*#K(*L/!2%<<*7*&,*/S!d#*/!9*!7*Z1%7*!
K*#K(*!$#!,#&<#7"!$#!9%/!%2*'!#<!:9'$L/!7%+9$S!=9*/*!B%&2/!#<!%//1*/!'7*!Z1%$*!%"K#7$'&$!$#!
'//*//>!A#"*$%"*/F!$9*!/B%((!$9'$L/!&**2*2!%/!(*//!#&*!#<!,#&<(%,$!7*/#(1$%#&!'&2!"#7*!#&*!#<!
1&2*7/$'&2%&+!'&2!M'(1%&+!2%<<*7*&,*/>!
!
.&#$9*7!,7%$%,'(!7#(*!%/!$9*!#&*!$9'$!'!"'&'+*7!#7!/1K*7M%/#7!$'B*/!:9*&!$:#!K*#K(*!:9#!
7*K#7$!$#!9*7!9'M*!'!,#&<(%,$>!d#*/!$9*!,'&2%2'$*!9'M*!'!+##2!$7',B!7*,#72!#<!'227*//%&+!$9*/*!
$4K*/!#<!,#&<(%,$/S!89'$!"*$9#2/!2#*/!/9*!1/*S!)/!/9*!G1%(2%&+!9*7!/$'<<L/!,#&<(%,$!7*/#(1$%#&!
/B%((/!%&!$9*!K7#,*//S!c7!%/!/9*!7*/,1%&+!9*7!*"K(#4**/!'&2!,#&/$'&$(4!K('4%&+!"*2%'$#7S!.(/#F!
%/!/9*!G#(2!*&#1+9!$#!'227*//!,#&<(%,$/!$9'$!'7*!%&$*7<*7%&+!:%$9!$*'":#7BF!"#7'(*F!'&2!
K7#21,$%M%$4S!
!
c&*!<%&'(!$9#1+9$!#&!,#&<(%,$!7*/#(1$%#&-!/#"*!K*#K(*!7*'((4!'7*!%"K#//%G(*!$#!+*$!'(#&+!:%$9>!
N#/$!'7*!&#$>!)<!$9*!,'&2%2'$*!%/!K(',%&+!"'&4!K*#K(*!%&!$9*!,'$*+#74!#<!O%"K#//%G(*FR!$9*&!
K*79'K/!%$L/!$9*!,'&2%2'$*!:9#!%/!%"K#//%G(*>!H*!/17*!$#!'/B!<#7!"1($%K(*!*T'"K(*/!%<!4#1!9'M*!
'&4!2#1G$/>!

!
C]!
!

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

A#,%'(!!TK*7$&*//-!c7+'&%W'$%#&'(!A'MM4!
,-"%.$/0%!./!1%%"%%!79D50$U5.$/05>!<5##@!
!
?_!d%2!4#1!*M*7!9'M*!'&!#KK#7$1&%$4!$#!'2M'&,*!'!&*:!%2*'!'$!4#17!('/$!X#GS!P#:!2%2!4#1!+#!

'G#1$!2#%&+!$9'$S!
;_!=*((!"*!'G#1$!'!$%"*!:9*&!4#1!+'%&*2!/1KK#7$!<#7!'&!%2*'!$9'$!4#1!9'2>!P#:!2%2!4#1!2#!
$9'$S!894!:'/!$9%/!%2*'!%"K#7$'&$!$#!4#1S!
C_!d*/,7%G*!'!$%"*!:9*&!4#1!,#1(2&L$!+*$!/1KK#7$!<#7!'&!%2*'!$9'$!4#1!9'2>!89'$!9'KK*&*2S!
894!:'/!$9%/!%2*'!%"K#7$'&$!$#!4#1S!
D_!8%$9%&!4#17!K7*/*&$!K#/%$%#&F!:9'$!9'KK*&/!:9*&!4#1!71&!%&$#!/#"*#&*!:9#!%/&L$!
/1KK#7$%&+!4#17!*<<#7$/!$#!+*$!$9%&+/!2#&*S!d*/,7%G*!:9'$!4#1!2#>!
E_!P'M*!4#1!*M*7!9'2!/#"*#&*!1&2*7"%&*!4#17!*<<#7$/S!89'$!2%2!4#1!2#S!
]_!P#:!,'&!4#1!$*((!:9#!"'B*/!2*,%/%#&/!%&!4#17!#7+'&%W'$%#&S!
`_!=*((!"*!'G#1$!'!$%"*!:9*&!4#1!&**2*2!/1KK#7$!<7#"!K**7/!%&!#72*7!$#!+*$!'&!%2*'!',7#//>!
P#:!2%2!4#1!+'%&!$9'$!/1KK#7$S!894!:'/!%$!%"K#7$'&$!$#!4#1!$#!+*$!$9'$!K'7$%,1('7!%2*'!#7!%&%"
$%'$%M*!',,#"K(%/9*2S!
?"@!A/$0.%!./!B/0%$&"9!C8"0!1%%"%%$0D!10%E"9%!
./!'&!%&$*7M%*:*7!#7!9%7%&+!"'&'+*7F!%<!4#1LM*!"'2*!$9*!2*,%/%#&!$9'$!#7+'&%W'$%#&'(!/'MM4!%/!
%"K#7$'&$!$#!+*$$%&+!/#"*!X#G/!2#&*F!4#1L((!9'M*!$#!'//*//!:9*$9*7!#7!&#$!$9*!,'&2%2'$*!:%((!<%$!
%&!'&2!1&2*7/$'&2!4#17!#7+'&%W'$%#&!'&2!9'M*!$9*!/B%((/!$#!+7'/K!$9*!24&'"%,/!$9'$!(*'2!$#!
/1,,*//>!J7#"!$9*!,'&2%2'$*L/!7*/K#&/*/!$#!$9*!Z1*/$%#&/!(%/$*2!'G#M*F!4#1!/9#1(2!G*!'G(*!$#!
2*$*7"%&*!:9*$9*7!9*!9'/!'&!1&2*7/$'&2%&+!$9'$!9#:!9*!'KK7#',9*/!K*#K(*F!'&2!:9#"!9*!
'KK7#',9*/F!%/!K'7$!#<!'&!#M*7'((!/$7'$*+4!$#!+'%&!/1KK#7$>!=9*!,'&2%2'$*!/9#1(2!G*!'G(*!$#!'7$%,"
1('$*!:94!,*7$'%&!%&2%M%21'(/!'7*!B*4!'&2!:9'$!"*$9#2/!#7!$',$%,/!9*!1/*2!$#!+'%&!'&!
%&2%M%21'(L/!/1KK#7$>!.(/#F!$9*!,'&2%2'$*!/9#1(2!G*!'G(*!$#!7*,#+&%W*!$9'$!*',9!%2*'!%/!2%<<*7*&$!
'&2!"'4!7*Z1%7*!'!2%<<*7*&$!'KK7#',9!$#!"#M*!%$!<#7:'72>!e#1!/9#1(2!G*!'G(*!$#!2*$*7"%&*!
:9*$9*7!$9*!,'&2%2'$*!1&2*7/$'&2/!'&2!*T*7$/!*&*7+4!$#!G1%(2!'!/$7'$*+4!$#!+*$!$9%&+/!2#&*>!
c&*!,'&2%2'$*!/'%2F!O)!2#&L$!$9%&B!'G#1$!9#:!$#!+*$!%2*'/!',7#//i!)!X1/$!K1$!$9*"!#1$!$9*7*!'&2!
/**!:9'$!9'KK*&/>R!
!
!
C`!
!

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

o*T$F!<#,1/!#&!:9*$9*7!$9*!,'&2%2'$*!9'/!$9*!B%&2/!#<!7*('$%#&/9%K/!$9'$!*T$*&2!',7#//!$9*!
#7+'&%W'$%#&!'&2!:9*$9*7!$9*!,'&2%2'$*!B&#:/!9#:!$#!*&+*&2*7!#$9*7!K*#K(*L/!/1KK#7$>!I##B!
<#7!+*&1%&*!7*('$%#&/9%K/!'&2!/1KK#7$!:%$9!'!:%2*!7'&+*!#<!K*#K(*!:9#!'7*!:%((%&+!$#!9*(K!$9*!
,'&2%2'$*>!=9*/*!7*('$%#&/9%K/!/9#1(2!&#$!G*!G'/*2!/#(*(4!#&!'&!'$$%$12*!#<!O)L((!/1KK#7$!4#1!%<!
4#1!/1KK#7$!"*>R!=9*!7*('$%#&/9%K/!/9#1(2!G*!"#7*!+*&1%&*!'&2!/9#1(2!G*!G'/*2!#&!$71/$!'&2!
7*/K*,$>!=9*!:'4!$9*!,'&2%2'$*!2*/,7%G*/!$9*!/1KK#7$!'&2!9#:!9*!+'%&/!/K#&/#7/!%/!#<$*&!M*74!
$*((%&+>!c&*!,'&2%2'$*!',$1'((4!/'%2F!O)!$#(2!P*&74!$9'$!%<!9*!*TK*,$/!/1KK#7$!<#7!9%/!&*T$!
%&%$%'$%M*F!9*L2!G*$$*7!/1KK#7$!"*!#&!$9%/>R!=9%/!B%&2!#<!1($%"'$1"!%/!&#$!$9*!:'4!$#!,7*'$*!$71*!
$*'":#7B>!
!
=9*!,'&2%2'$*!:%((!&**2!$9*!'G%(%$4!$#!7*'2!$9*!,(%"'$*!:%$9%&!'&!#7+'&%W'$%#&!#7!*M*&!:%$9%&!'!
"**$%&+!%&!#72*7!$#!G*!'G(*!$#!'//*//!$%"%&+F!#KK#7$1&%$4F!'&2!B*4!K('4*7/>!89'$!%/!$9*!
,'&2%2'$*!$*((%&+!4#1!'G#1$!9*7!'//*//"*&$!#<!,(%"'$*!'&2!,1($17*S!c&*!,'&2%2'$*F!:9*&!'/B*2!
'G#1$!G7%&+%&+!%2*'/!$#!<71%$%#&F!/'%2!$9'$!*M*74!:**B!'$!$9*!/*&%#7!/$'<<!"**$%&+F!$9*7*!:'/!
$%"*!#&!$9*!'+*&2'!<#7!*',9!/*&%#7!/$'<<!"*"G*7!$#!2%/,1//!*&$*7K7%/*:%2*!%"K7#M*"*&$!%2*'/>!
A9*!/'%2!$9'$!$9*!$#&*!%&!/#"*!#<!$9#/*!"**$%&+/!:'/!71/9*2!#7!&*+'$%M*>!A9*!&#$%,*2!$9'$!
:9*&!$9*!"**$%&+!$#&*!:'/!71/9*2F!$9*!K('&$!"'&'+*7!#<$*&!B%((*2!%2*'/!:%$9!Z1%,B!#&*"(%&*7/!
/1,9!'/!O)$L/!'!+##2!%2*'F!G1$!)!2#&L$!$9%&B!:*!9'M*!$%"*!<#7!$9'$!B%&2!#<!%&%$%'$%M*>R!A9*!'(/#!
&#$%,*2!$9'$!%<!$9*!K7#21,$%#&!"**$%&+!K7*,*2%&+!$9*!/$'<<!"**$%&+!:'/!&*+'$%M*F!$9*&!7'$9*7!
$9'&!*&$*7$'%&!&*:!%2*'/!<#7!%"K7#M*"*&$F!$9*!K('&$!"'&'+*7!:#1(2!/'4F!O8*!&**2!$#!<#,1/!#&!
+*$$%&+!#17!&1"G*7/!1K>R!=9*!,'&2%2'$*!/'%2!/9*!7*'(%W*2!$9'$!$9*/*!$:#!/%$1'$%#&/!:*7*!/%"K(4!
&#$!,#&21,%M*!$#!$9*!,(%"'$*!&**2*2!$#!O/*((R!'&!%2*'!#7!%&%$%'$%M*>!A9*!',B&#:(*2+*2!$9'$!:9%(*!
$9*!K('&$!"'&'+*7!:'/!M*74!K#:*7<1(F!9*!:'/!'(/#!M*74!#K*&!'&2!7*'/#&'G(*F!'/!(#&+!'/!9*!:'/!
'KK7#',9*2!'$!$9*!7%+9$!$%"*>!=9%/!,'&2%2'$*L/!7*/K#&/*/!$#!$9*!%&$*7M%*:*7L/!Z1*/$%#&/!
%&2%,'$*2!$9'$!/9*!:'/!'G(*!$#!+%M*!/K*,%<%,!*T'"K(*/!$9'$!/1KK#7$*2!9*7!K#/%$%#&>!)$!:'/!
#GM%#1/!$9'$!/9*!9'2!$9*!'G%(%$4!$#!7*'2!%"K#7$'&$!%&<#7"'$%#&!'G#1$!$9*!,(%"'$*!%&!9*7!
K7*M%#1/!K#/%$%#&F!:9%,9!'((#:*2!9*7!$#!'2M'&,*!9*7!%2*'/>!
!
l&2*7/$'&2%&+!$9*!,'&2%2'$*L/!"#$%M*/!#7!%&$*&$%#&/!'(/#!K7#M*/!M'(1'G(*>!)/!$9*!,'&2%2'$*!
'2M'&,%&+!+#'(/!$9'$!'7*!<#7!$9*!+##2!#<!$9*!#7+'&%W'$%#&!#7!%/!9*!/%"K(4!G1%(2%&+!9%"/*(<!1KS!
e#1!/9#1(2!(%/$*&!<#7!%&$*&$%#&>!.($9#1+9!%$!"'4!G*!2%<<%,1($!$#!2*$*7"%&*!%&$*&$%#&F!G4!'/B%&+!
Z1*/$%#&/!'G#1$!:94!$9*!,'&2%2'$*!:'/!K17/1%&+!K'7$%,1('7!%2*'/F!4#1L((!+'%&!'!/*&/*!#<!:9'$!
$9*!,'&2%2'$*!M'(1*/>!c&*!,'&2%2'$*!$'(B*2!'G#1$!/*M*7'(!%2*'/!$9'$!9*!:'/!$74%&+!$#!'2M'&,*!'$!
2%7*,$#7/L!"**$%&+/>!=9*/*!%2*'/!,#1(2!G*!+7#1K*2!1&2*7!$9*!9*'2%&+!O+'%&%&+!'!('7+*7!K%*,*!#<!
$9*!#7+'&%W'$%#&!1&2*7!9%/!,#&$7#(>R!o#:F!%$L/!&#$!1&7*'/#&'G(*!$#!:'&$!$#!+'%&!,#&$7#(!#<!$9%&+/!
$9'$!%"K',$!4#17!#K*7'$%#&F!G1$!$9*!%&$*7M%*:*7!G*+'&!$#!:#&2*7!:9*$9*7!$9%/!:'/!$9*!G*/$!
K('&!<#7!$9*!#7+'&%W'$%#&>!./!$9*!%&$*7M%*:*7!K7*//*2!'&2!'/B*2!<#((#:"1K!Z1*/$%#&/!'G#1$!:94!
$9*/*!%2*'/!:*7*!:#7$9!K17/1%&+F!/9*!1&,#M*7*2!$9*!,'&2%2'$*L/!"#$%M*F!*TK7*//*2!%&!9%/!#:&!
!
Ca!
!

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

:#72/-!O)!B&*:!%<!)!,#1(2!+*$!'((!#<!$9*/*!K%*,*/!#<!$9*!#7+'&%W'$%#&!1&2*7!"4!1"G7*(('F!$9*&!$9*!
G#'72!:#1(2!9'M*!(%$$(*!,9#%,*!G1$!$#!"'B*!"*!$9*!&*T$!*T*,1$%M*!^5>FL!=9'$!"#$%M'$%#&!%/!&#$!
&*,*//'7%(4!G'2F!G1$!%$!2#*/!7*Z1%7*!$9'$!$9*!%&$*7M%*:*7!#7!9%7%&+!"'&'+*7!$'B*!'!/*,#&2!(##B>!
!

!
Cb!
!

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

5*7/#&'(!)&<(1*&,*!p!)&<(1*&,%&+!A*(<-!A*(<"6#&<%2*&,*!
,-"%.$/0%!./!1%%"%%!<">F!B/0F$&"06"!
!
?_!=*((!"*!'G#1$!'!$%"*!:9*&!4#1!$##B!#&!'!$'/B!$9'$!4#1!,#&/%2*7*2!O#1$!#<!4#17!,#"<#7$!
W#&*>R!!P#:!2%2!4#1!<**(S!894!2%2!4#1!2#!%$S!d%2!4#1!$9%&B!4#1!:*7*!+#%&+!$#!/1,,**2!#7!<'%(S!
;_!)<!4#1!:*7*!+#%&+!$#!$74!$#!K*7/1'2*!"*!7*+'72%&+!/#"*$9%&+F!9#:!:#1(2!4#1!2#!%$S!
C_!d*/,7%G*!'!$%"*!:9*&!4#1!%&$*7X*,$*2!'!2%<<*7*&$!K#%&$!#<!M%*:!#7!'!2%<<*7*&$!/%2*!#<!'&!%//1*>!
P#:!2%2!4#1!+#!'G#1$!2#%&+!$9'$S!
D_!=*((!"*!'G#1$!'!$%"*!:9*&!4#1!:*7*!,#&<%2*&$!*&#1+9!$#!2%/'+7**!:%$9!/#"*$9%&+!#7!
/#"*#&*>!
E_!=*((!"*!'G#1$!4#17!/$7*&+$9/>!P#:!2#!4#1!B&#:!$9*4!'7*!4#17!/$7*&+$9/S!P#:!2#!4#1!
"*'/17*!4#17!/$7*&+$9/S!89'$!<**2G',B!9'M*!4#1!+#$$*&!$9'$!%&2%,'$*/!$9'$!$9%/!Z1'(%$4!%/!'!
/$7*&+$9S!
]_!=*((!"*!'G#1$!'!$%"*!$9'$!4#1!:*7*!,#&,*7&*2!'G#1$!G*%&+!/1,,*//<1(!'$!'!$'/B!#7!4#1!
$9#1+9$!4#1!:*7*!+#%&+!$#!<'%(>!89'$!2%2!4#1!2#S!
`_!89*&!2#!4#1!$4K%,'((4!'/B!<#7!'//%/$'&,*S!d*/,7%G*!$9*!('/$!$%"*!4#1!'/B*2!<#7!9*(K!#&!
/#"*$9%&+>!
a_!P#:!2#!4#1!$9%&B!4#1L7*!+#%&+!$#!K*7<#7"!'$!$9%/!X#GS!!
J#7!"'&'+*7/!'&2!(*'2*7/-!
!
b_!=*((!"*!'G#1$!'!$%"*!:9*&!4#1!9'2!$#!%"K(*"*&$!'!,9'&+*>!89'$!2%2!4#1!/'4!$#!4#17!/$'<<S!
P#:!2%2!4#1!,#&M%&,*!$9*"!$#!<#((#:!4#1S!
?Y_!=*((!"*!'G#1$!'!$%"*!:9*&!4#1!9'2!$#!(*'2!#$9*7/!%&!'!,*7$'%&!2%7*,$%#&!'&2!4#1!9'2!/#"*!
2#1G$/>!89'$!2%2!4#1!2#S!89'$!2%2!4#1!/'4S!
??_!P'M*!4#1!*M*7!*TK*7%*&,*2!'!$%"*!:9*&!#$9*7/!Z1*/$%#&*2!4#17!'G%(%$4!$#!(*'2S!=*((!"*!
'G#1$!$9'$>!89'$!2%2!4#1!2#S!
!
DY!
!

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

!
?"@!A/$0.%!./!B/0%$&"9!C8"0!1%%"%%$0D!10%E"9%!
!
=9*!*&$%7*!%&$*7M%*:!K7#,*//!%/!1/*<1(!<#7!'//*//%&+!'!,'&2%2'$*L/!,#&<%2*&,*!(*M*(>!P#:!2#*/!
$9*!,'&2%2'$*!K7#X*,$!9%/!%2*'/!'&2!'&/:*7/S!)/!$9*!,'&2%2'$*!:%((%&+!$#!$'B*!'!/$'&2S!c7!%/!$9*!
,'&2%2'$*!Z1%,B!$#!7*$7',$!9%/!,#""*&$/S!89'$!(*M*(!#<!,#""%$"*&$!2#*/!$9*!,'&2%2'$*!9'M*!
$#!9%/!'&/:*7/S!89'$!'7*!$9*!,'&2%2'$*L/!&#&M*7G'(!,9'7',$*7%/$%,/!,#""1&%,'$%&+S!6#&<%2*&$!
K*#K(*!/$'&2!1K!/$7'%+9$F!/"%(*!"#7*!$9'&!(*//!,#&<%2*&$!K*#K(*F!'&2!"'B*!*4*!,#&$',$>C!
=97#1+9#1$!$9*!%&$*7M%*:!K7#,*//F!4#1!:%((!G*!'G(*!$#!'//*//!$9*!(*M*(!#<!,#&<%2*&,*!$9*!
,'&2%2'$*!K7#X*,$/>!
!
H'('&,%&+!$9*!,'&2%2'$*L/!K7*/*&$'$%#&!:%$9!<',$/!%/!'(/#!Z1%$*!1/*<1(>!.<$*7!'((F!4#1!:'&$!$#!
"'B*!/17*!$9'$!$9*!,'&2%2'$*L/!,#&<%2*&,*!%/!G'/*2!%&!7*'(%$4>!./B%&+!Z1*/$%#&/!'G#1$!/$7*&+$9/!
'&2!<#((#:%&+!1K!:%$9!Z1*/$%#&/!$#!2*$*7"%&*!9#:!$9*!K*7/#&!B&#:/!9%/!/$7*&+$9/!%/!#<$*&!
:#7$9:9%(*>!I%/$*&!<#7!/$'$*"*&$/!$9'$!K7#M%2*!*M%2*&,*F!/1,9!'/!O!M*74!4*'7!%$!'KK*'7/!#&!"4!
K*7<#7"'&,*!'KK7'%/'(Ri!O!M*74!G#//!)!9'M*!$*((/!"*!$9'$!$%"*!"'&'+*"*&$!%/!#&*!#<!"4!
/$7*&+$9/Ri!ON4!$*'""'$*/!7*(4!#&!"*!<#7!3@!#7+'&%W'$%#&'(!/B%((/Ri!O)!9'M*!',9%*M*2!7*/1($/!
/1,9!'/!"""!G4!1/%&+!$9%/!/$7*&+$9>R!@*"*"G*7F!/#"*$%"*/!'!,'&2%2'$*!&**2/!$#!G*!*&,#17'+*2!
$#!$'(B!'G#1$!9%/!/$7*&+$9/>!!M*&!/#"*#&*!:9#!%/!,#&<%2*&$!%&!9%/!'G%(%$%*/!"'4!&#$!'(:'4/!G*!
,#"<#7$'G(*!$*((%&+!#$9*7/!'G#1$!%$!G*,'1/*!%$!"'4!<**(!G#'/$<1(>!!&,#17'+*!$9*!,'&2%2'$*!$#!$*((!
4#1!'G#1$!'7*'/!:9*7*!9*!7*'((4!<**(/!,#&<%2*&$>!d#&L$!,#&<1/*!91"%(%$4!<#7!(',B!#<!/*(<"
,#&<%2*&,*>!.!K*7/#&!,'&!G*!M*74!,#&<%2*&$!'G#1$!'!/B%((!#7!'G%(%$4F!4*$!<**(!'/!$9#1+9!%$!%/!
%&'KK7#K7%'$*!$#!$*((!#$9*7/!'G#1$!%$>!
!
)$!'(/#!$'B*/!,#&<%2*&,*!$#!M#%,*!%2*'/!'&2!#K%&%#&/>!I##B!<#7!*M%2*&,*!<7#"!$9*!,'&2%2'$*!
'G#1$!:9*&!/9*!M#%,*2!9*7!%2*'/!#7!#K%&%#&/>!./B!9#:!/9*!:*&$!'G#1$!%$>!e#1L((!'(/#!+*$!'!,(*'7!
K%,$17*!#<!'!K*7/#&L/!,#&<%2*&,*!G4!'/B%&+!Z1*/$%#&/!$9'$!'((#:!$9*!,'&2%2'$*!$#!2*/,7%G*!
/%$1'$%#&/!:9*&!/9*!M#%,*2!'!,#&$7'74!K#%&$!#<!M%*:!'&2!$9*!"'&&*7!%&!:9%,9!/9*!
,#""1&%,'$*2!%$>!
!
=#!2*$*7"%&*!,#&<%2*&,*!M*7/1/!'77#+'&,*F!$74!$#!,9'((*&+*!$9*!,'&2%2'$*!#&!/#"*$9%&+>!d#*/!
/9*! G*,#"*! '7+1"*&$'$%M*S! c7! %/! /9*! %&$*7*/$*2! %&! (*'7&%&+! "#7*! 'G#1$! 4#17! K#/%$%#&S! .(/#F!
(##B! <#7! /1G$(*! G#24! ('&+1'+*>! c&*! ,'&2%2'$*! /1G$(4! /9##B! 9*7! 9*'2! %&! '! Z1%,B! 2%/"%//%M*!
"'&&*7! :9*&! $9*! %&$*7M%*:*7! K7*/*&$*2! '&! #KK#/%&+! M%*:K#%&$>! .KK7#K7%'$*(4! ,#&<%2*&$!
K*#K(*!(%/$*&!$#!#$9*7/F!$9%&B!'G#1$!$9*!%//1*/F!'&2!9'M*!'!"#7*!9#(%/$%,!M%*:!#<!(%<*!$9'&!$9#/*!
:9#!'7*!'77#+'&$>!5*#K(*!:9#!'7*!7*'(%/$%,'((4!/*(<",#&<%2*&$!"'B*!'!G'('&,*2!'//*//"*&$>D!
!
5*#K(*!:9#!'7*!,#&<%2*&$!'(/#!'7*!:%((%&+!$#!'2"%$!$9'$!$9*4!&**2!'//%/$'&,*>!P'/!$9*!,'&2%2'$*!
!
D?!
!

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

*M*7!'/B*2!<#7!9*(KS!.!K7#X*,$!,'&!G*!X*#K'72%W*2!%<!/#"*#&*!%&M#(M*2!2#*/&L$!9'M*!$9*!/B%((!#7!
%&<#7"'$%#&!$#!,#"K(*$*!$9*!X#GF!G1$!%$!,'&!G*!"#7*!#<!'!,7%/%/!%<!$9'$!K*7/#&!(',B/!$9*!
,#&<%2*&,*!$#!/K*'B!1K>!=9*7*<#7*F!%$L/!1/*<1(!$#!'/B!'!,(%*&$!9#:!9*!$4K%,'((4!B&#:/!:9*&!$#!'/B!
<#7!'//%/$'&,*>!=9%/!(%&*!#<!Z1*/$%#&%&+!%/!'(/#!9*(K<1(!$#!2*$*7"%&*!:9*$9*7!/#"*#&*!(',B/!
,#&<%2*&,*!$#!$74!'!<*:!/#(1$%#&/!#&!9%/!#:&>!)/!$9*!,'&2%2'$*!:%((%&+!$#!',$!%&2*K*&2*&$(4!#7!
"1/$!9*!'(:'4/!/$#K!'&2!'/B!<#7!2%7*,$%#&S!6#&<%2*&,*!,#1(2!G*!'!B*4!<',$#7!%&!$9%/!K*7/#&L/!
/1,,*//>!
!
H1$!:9'$!%<!'((!%&2%,'$%#&/!/1++*/$!$9'$!$9*!,'&2%2'$*!%/!/*(<",#&<%2*&$S!6#1(2!$9*7*!/$%((!G*!,'1/*!
<#7!,#&,*7&S!e*/>!cM*7,#&<%2*&,*!%/!$9*!9'(("'7B!#<!'!&'7,%//%/$>!./B%&+!'!,'&2%2'$*F!OP#:!2#!
4#1!$9%&B!4#1L7*!+#%&+!$#!K*7<#7"!#&!$9%/!X#GSR!K#/*/!'!K17*(4!94K#$9*$%,'(!Z1*/$%#&>!)$!%/!&#$!'!
G*9'M%#7"G'/*2!Z1*/$%#&>!!M%2*&,*!/1++*/$/!$9'$!&'7,%//%/$/!+*&*7'((4!K7*2%,$!<1$17*!
K*7<#7"'&,*!G'/*2!#&!*TK*,$'$%#&F!&#$!',$1'(!K*7<#7"'&,*>!)<!'!K*7/#&!1&*Z1%M#,'((4!/$'$*/!
$9'$!/9*!:#1(2!2#!'!+7*'$!X#G!'&2!2#*/!&#$!G',B!$9'$!K7#,('"'$%#&!:%$9!<',$/!'G#1$!K'/$!
K*7<#7"'&,*F!%$!"'4!G*!,'1/*!<#7!,#&,*7&>!69'K$*7!?Y!,#&$'%&/!"#7*!%&<#7"'$%#&!$#!9*(K!$9*!
%&$*7M%*:*7!"'B*!'!G'('&,*2!X12+"*&$>!

!
D;!
!

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

5*7/#&'(!)&<(1*&,*!p!)&<(1*&,%&+!A*(<-!)&%$%'$%M*!'&2!.,,#1&$'G%(%$4!
,-"%.$/0%!./!1%%"%%!20$.$5.$#"!50&!166/-0.5;$>$.@!
!
?_!=*((!"*!'G#1$!'!$%"*!:9*&!4#1!2*,%2*2!#&!4#17!#:&!$9'$!/#"*$9%&+!&**2*2!$#!G*!2#&*>!
89'$!2%2!4#1!2#S!
;_!d*/,7%G*!'!$%"*!:9*&!4#1!2%2!"#7*!$9'&!:'/!7*Z1%7*2!#&!4#17!X#G>!P#:!2%2!4#1!<**(!'G#1$!
$9'$S!
C_!P'M*!4#1!*M*7!"'2*!'&4!%"K7#M*"*&$/!$#!4#17!:#7B!:%$9#1$!G*%&+!'/B*2S!k%M*!"*!/#"*!
*T'"K(*/>!P#:!2%2!4#1!2#!%$S!
D_!89*&!4#1!K*7<#7"!4#17!K7*/*&$!X#GF!9'M*!4#1!*M*7!$9#1+9$!'G#1$!'!:'4!$#!%"K7#M*!$9*!
Z1'(%$4!#<!$9*!K7#21,$!#7!/*7M%,*!$9'$!4#1!K7#M%2*S!=*((!"*!'G#1$!$9'$>!
E_!P'M*!4#1!*M*7!,#"*!1K!:%$9!'!:'4!$#!,1$!,#/$/!%&!4#17!K7*/*&$!K#/%$%#&S!89'$!2%2!$9'$!
*&$'%(S!P#:!2%2!4#1!+#!'G#1$!2#%&+!%$S!
]_!P'M*!4#1!*M*7!$9#1+9$!#<!'!:'4!$#!K*7<#7"!4#17!K7*/*&$!X#G!%&!(*//!$%"*S!89'$!2%2!4#1!2#!
'G#1$!%$S!
`_!=*((!"*!'G#1$!'!$%"*!:9*&!/#"*$9%&+!4#1!2%2!7*/1($*2!%&!'!,9'&+*!<#7!4#17!2*K'7$"*&$!#7!
'7*'>!P#:!2%2!4#1!+#!'G#1$!2#%&+!%$S!P#:!2%2!4#1!<**(!'G#1$!$9'$S!
a_!P'M*!4#1!*M*7!$'B*&!$9*!%&%$%'$%M*!$#!2#!/#"*$9%&+!$9'$!2%2&L$!:#7B!#1$S!d*/,7%G*!$9'$!
/%$1'$%#&>!89'$!2%2!4#1!2#S!P#:!2%2!4#1!<**(!'G#1$!$9'$S!
b_!P'M*!4#1!*M*7!/#(M*2!'!:#7B"7*('$*2!K7#G(*"!$9'$!9'2!G**&!'!K7#G(*"!<#7!'!(#&+!$%"*S!!
89'$!2%2!4#1!2#S!P#:!2%2!4#1!2#!%$S!
?Y_!P'M*!4#1!*M*7!$'B*&!'&!',$%#&!'&2!+#$$*&!G('"*2!:9*&!%$!2%2&L$!:#7B!#1$S!d*/,7%G*!:9'$!
9'KK*&*2>!
?"@!A/$0.%!./!B/0%$&"9!C8"0!1%%"%%$0D!10%E"9%!
!
)&%$%'$%M*!%/!'!B*4!<',$#7!2*/%7'G(*!%&!"'&4!X#G!<1&,$%#&/>!)&$*7M%*:*7/!#7!9%7%&+!"'&'+*7/!:%((!
!
DC!
!

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

:'&$!$#!/,7**&!,'&2%2'$*/!$#!2*$*7"%&*!:9*$9*7!$9*4!',$!#&!$9*%7!#:&!%&%$%'$%M*>!6'&2%2'$*/!
/9#1(2!,%$*!*T'"K(*/!#<!',$%#&/!$9*4!9'M*!$'B*&!$#!%"K7#M*!Z1'(%$4F!,#/$F!$%"*(%&*//F!#7!
,1/$#"*7!/*7M%,*>!=9*!B*4!:#72!9*7*!%/!O',$%#&/>R!P'M%&+!'!+7*'$!%2*'!%/!#&*!$9%&+F!G1$!9#:!2%2!
$9*!,'&2%2'$*!',$!#&!9*7!%2*'S!d%2!$9*!,'&2%2'$*!',$!%&2*K*&2*&$(4!$#!%"K7#M*!$9%&+/!$9'$!:*7*!
:%$9%&!9*7!,#&$7#(S!c$9*7:%/*F!2%2!$9*!,'&2%2'$*!*&+'+*!#$9*7/!$#!'2M'&,*!'&!%2*'!$9'$!:'/!<#7!
$9*!+##2!#<!$9*!2*K'7$"*&$!#7!$*'"S!P#:S!d%2!/9*!X1/$!$*((!$9*!G#//!'&2!(*$!$9*!G#//!2*'(!:%$9!
%$F!#7!:'/!/9*!'!24&'"%,!K'7$&*7!%&!$'B%&+!',$%#&!$#!,9'&+*!/#"*$9%&+S!c<!,#17/*F!$9*!%&$*7"
M%*:*7!#7!9%7%&+!"'&'+*7!:%((!&**2!$#!*M'(1'$*!$9*!/,#K*!#<!%&2*K*&2*&$!',$%#&!$9*!,'&2%2'$*!
:'/!'G(*!$#!*T*7,%/*>!J#7!*T'"K(*F!%&!/#"*!,#"K'&%*/F!%$!:#1(2!&#$!G*!K#//%G(*!<#7!'!<7#&$(%&*!
*"K(#4**!$#!,9'&+*!'!K7#,*217*!%&2*K*&2*&$(4>!H1$!2#&L$!1&2*7*/$%"'$*!$9*!',$%#&/!$9'$!'!
2*$*7"%&*2!K*7/#&!:%$9#1$!K#/%$%#&'(!K#:*7!,#1(2!$'B*!$#!%&<(1*&,*!,9'&+*/>!=9*!%&$*7M%*:*7!
/9#1(2!G*!*M'(1'$%&+!E8".8"9!$9*!K*7/#&!$'B*/!',$%#&/F!'/!:*((!'/!8/E!$9*!K*7/#&!$'B*/!',$%#&/>!
H#$9!<*'$17*/!'7*!%"K#7$'&$>!.!K*7/#&!:9#!#7+'&%W*/!'!1&%#&!%/!2*"#&/$7'$%&+!%&%$%'$%M*>!H1$!%$!
"'4!&#$!G*!%&!$9*!G*/$!%&$*7*/$!#7!<%$!<#7!$9*!9%7%&+!,#"K'&4>!=9*!%&$*7M%*:*7!/9#1(2!G*!,*7$'%&!
$#!'/B!O9#:R!Z1*/$%#&/!$#!2*$*7"%&*!:9'$!<#7"!$9*!,'&2%2'$*L/!%&%$%'$%M*!$'B*/>!
!
.(/#!%"K#7$'&$!$#!B**K!%&!"%&2!:9*&!'/B%&+!'!,'&2%2'$*!'G#1$!%&%$%'$%M*!%/!$#!'/B!9#:!$9*!
,'&2%2'$*!<*($!'G#1$!$9*!/%$1'$%#&>!A#"*$%"*/!K*#K(*!$'B*!%&%$%'$%M*F!G1$!$9*&!<**(!7*/*&$<1(!$9'$!
$9*4!9'2!$#!K*7<#7"!$9*!G172*&!#<!$9*!:#7B>!.!Z1*/$%#&!/1,9!'/!Od*/,7%G*!'!$%"*!:9*&!4#1!2%2!
"#7*!$9'&!:'/!7*Z1%7*2!#&!4#17!X#G>!P#:!2%2!4#1!<**(!'G#1$!$9'$SR!'((#:/!$9*!%&$*7M%*:*7!$#!
2*$*7"%&*!$9*!,'&2%2'$*L/!<**(%&+/!'G#1$!+#%&+!'G#M*!'&2!G*4#&2>!A#"*$%"*/!,'&2%2'$*/!:%((!
$'B*!$9*!%&%$%'$%M*F!G1$!$9*4!:%((!&#$!2#!/#!G*,'1/*!#<!'!/*7M%,*!#7%*&$'$%#&>!./B%&+!'G#1$!$9*!
,'&2%2'$*L/!<**(%&+/!:%((!+%M*!$9*!%&$*7M%*:*7!'!&*:!2%"*&/%#&!#<!%&<#7"'$%#&>!A#"*!K*#K(*!
$'B*!%&%$%'$%M*!'&2!$9*&!K('4!$9*!9*7#>!A$%((!#$9*7/!K('4!$9*!"'7$47>!H#$9!#<!$9*/*!7#(*/!,'&!G*!
2*/$71,$%M*!%&!$9*!:#7BK(',*>!
!
A%"%('7(4F!2*$*7"%&%&+!9#:!$9*!,'&2%2'$*!7*',$/!:9*&!9*!9'/!$'B*&!%&%$%'$%M*!'&2!%$!2#*/&L$!
:#7B!#1$!+%M*/!$9*!%&$*7M%*:*7!%"K#7$'&$!2'$'>!d#*/!$9*!,'&2%2'$*!/$#K!$74%&+S!d#*/!9*!
7*+7#1K!'&2!<%&2!'&#$9*7!/$7'$*+4S!c7!2#*/!9*!2*,%2*!#&!'&#$9*7!%&%$%'$%M*!'/!$9*!<#,1/!<#7!9%/!
*&*7+4S!.((!#<!$9*/*!2*$'%(/!:%((!+%M*!$9*!%&$*7M%*:*7!1/*<1(!%&/%+9$>!89*&!'/B*2!'G#1$!'&!
%&%$%'$%M*!$9'$!2%2&L$!:#7B!#1$F!#&*!,'&2%2'$*!/'%2F!O)!<%+17*2F!)!:'/&L$!+#%&+!$#!:'/$*!"4!$%"*!
'&2!*&*7+4F!/#!)!2*,%2*2!$#!(*'M*>R!8%$9!/#"*!K7#G%&+F!$9*!%&$*7M%*:*7!2%/,#M*7*2!$9'$!$9%/!:'/!
'!K'$$*7&!#<!G*9'M%#7!$9'$!$9*!,'&2%2'$*!9'2!2%/K('4*2!:%$9!'!/$7%&+!#<!#$9*7!*"K(#4*7/>!A#"*!
*"K(#4**/!K(',*!G('"*!%<!$9*%7!',$%#&/!2#&L$!:#7B!#1$>!P*7*!'+'%&F!K7#G%&+!#<<*7/!%&/%+9$!%&$#!
9#:!*"K(#4**/!7*/K#&2!$#!%&%$%'$%M*/!$9'$!2#&L$!:#7B!#1$>!

!
DD!
!

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

5*7/#&'(!)&<(1*&,*!p!)&<(1*&,%&+!A*(<-!k#'(!c7%*&$'$%#&!
,-"%.$/0%!./!1%%"%%!V/5>!79$"0.5.$/0!
!
?_!d*/,7%G*!/#"*!+#'(/!<#7!4#17!K7*/*&$!K#/%$%#&>!P#:!:*7*!$9*/*!+#'(/!2*$*7"%&*2S!d#!4#1!
"**$!$9*/*!+#'(/!#&!'!7*+1('7!G'/%/S!
;_!P'M*!4#1!*M*7!$9#1+9$!$9'$!$9*/*!+#'(/!:*7*!1&7*'(%/$%,S!894S!
C_!P'M*!4#1!*M*7!9'2!'!+#'(!'$!:#7B!$9'$!4#1!2%2&L$!"**$S!P#:!2%2!4#1!<**(!'G#1$!$9'$S!
D_!=*((!"*!'G#1$!'!+#'(!$9'$!4#1!%"K#/*2!#&!4#17/*(<!'$!:#7B>!894!2%2!4#1!2*,%2*!#&!$9'$!
K'7$%,1('7!+#'(S!
E_!=*((!"*!'G#1$!'!$%"*!:9*&!4#1!2%2&L$!',9%*M*!/#"*$9%&+!$9'$!4#1!/*$!#1$!$#!2#>!89'$!
9'KK*&*2S!P#:!2%2!4#1!<**(!'G#1$!$9'$S!
]_!89'$!+#'(/!2#!4#1!9'M*!7%+9$!&#:S!
`_!89'$!+#'(/!2%2!4#1!',,#"K(%/9!('/$!4*'7S!
a_!=*((!"*!'G#1$!'!$%"*!:9*&!4#1!2%2&L$!<**(!(%B*!:#7B%&+>!89'$!2%2!4#1!2#S!
b_!d*/,7%G*!4#17!K7#,*//!<#7!/*$$%&+!+#'(/!<#7!4#17/*(<>!
J#7!$9*!"'&'+*7!#7!(*'2*7-!
!
?Y_!P#:!2#!4#1!/*$!+#'(/!<#7!$9#/*!:9#!7*K#7$!$#!4#1S!d*/,7%G*!$9*!K7#,*//!4#1!1/*!$#!/*$!+#'(/!
:%$9%&!4#17!1&%$!#7!2*K'7$"*&$>!
??_!P#:!9'M*!4#1!9*(K*2!#$9*7/!/*$!+#'(/S!
?;_!P#:!2#!4#1!*&/17*!$9'$!$9*!+#'(/!'7*!'(%+&*2!:%$9!$9*!G1/%&*//!/$7'$*+4S!
?C_!=*((!"*!'G#1$!'!$%"*!:9*&!/#"*#&*!:9#!7*K#7$*2!$#!4#1!2%2!&#$!7*',9!'&!%"K#7$'&$!+#'(>!
89'$!2%2!4#1!2#S!
?"@!A/$0.%!./!B/0%$&"9!C8"0!1%%"%%$0D!10%E"9%!
!
!
DE!
!

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

89*&!*M'(1'$%&+!+#'(!#7%*&$'$%#&F!B**K!%&!"%&2!$9*!K#/%$%#&!'&2!$9*!$4K*/!#<!+#'(/!7*Z1%7*2>!
A#"*!K#/%$%#&/!"'4!7*Z1%7*!/9#7$"$*7"!+#'(/m+#'(/!$9'$!,'&!G*!',9%*M*2!:%$9%&!$9*!2'4!#7!
*M*&!:%$9%&!$9*!9#17>!A*$$%&+!+#'(/!,'&!G*!'/!/%"K(*!'/!:7%$%&+!<%M*!$9%&+/!$#!2#!#&!'!K%*,*!#<!
K'K*7!'&2!2*,%2%&+!$#!+*$!$9*"!2#&*!G*<#7*!(1&,9>!c$9*7!K#/%$%#&/!:%((!7*Z1%7*!$9*!,'&2%2'$*!$#!
/*$!(#&+"$*7"!+#'(/>!)&!G#$9!,'/*/F!$9*!%&$*7M%*:*7!/9#1(2!G*!(%/$*&%&+!<#7!/K*,%<%,F!,(*'7!+#'(/!
/*$!G4!$9*!%&2%M%21'(>!
!
=#!G*+%&!$9*!2%/,1//%#&!#&!+#'(/F!4#1!,'&!'/B!'G#1$!$9*!+#'(/!$9*!,'&2%2'$*!"1/$!',9%*M*!%&!
#72*7!$#!/1,,*//<1((4!,#"K(*$*!9*7!:#7B>!!',9!X#G!/9#1(2!9'M*!+#'(/F!'&2!$9*!,'&2%2'$*!/9#1(2!
7*,#+&%W*!:9'$!$9#/*!+#'(/!'7*>!f)<!$9*!,'&2%2'$*!%/!:#7B%&+!%&!'!/%$1'$%#&!$9'$!2#*/!&#$!9'M*!
7*,#+&%W*2!#7!/$'$*2!+#'(/F!$9*&!2#&L$!K1&%/9!$9*!,'&2%2'$*!<#7!'!K##7!:#7B!/%$1'$%#&>!)&/$*'2F!
/9%<$!$9*!<#,1/!$#!:9'$!+#'(/!/9*!9'/!/*$!<#7!9*7/*(<>_!=9*!%&%$%'(!2%/,1//%#&!'G#1$!+#'(/!%&!9*7!
K7*/*&$!K#/%$%#&!:%((!9*(K!$9*!,'&2%2'$*!<#,1/!#&!+#'(/!'$!:#7B>!.(/#F!4#1L((!+'%&!%&/%+9$!%&$#!$9*!
,'&2%2'$*L/!#K%&%#&/!'G#1$!:#7B%&+!$#:'72!+#'(/>!d#*/!/9*!,#&/%2*7!+#'(/!'&!%"K#/%$%#&S!c7!
2#*/!/9*!,#&/%2*7!$9*"!9*(K<1(S!
!
o*T$F!/9%<$!$9*!2%/,1//%#&!$#!/*(<"%"K#/*2!+#'(/F!'&2!/**B!*M%2*&,*!#<!$9*"!%&!$9*!,'&2%2'$*>!
I##B!<#7!$%"*/!:9*&!$9*!,'&2%2'$*!2*,%2*2!#&!'&2!"*$!$9*/*!+#'(/!'$!:#7B>!.($9#1+9!/*(<"
%"K#/*2!+#'(/!7*('$*2!$#!#1$/%2*!',$%M%$%*/!f+#(<!/,#7*/F!*T*7,%/*F!2%*$%&+_!'7*!1/*<1(!$#!2*$*7"
"%&*!%<!$9*!,'&2%2'$*!9'/!$9*!'G%(%$4!$#!/*$!+#'(/!'&2!<#((#:!$9#1+9F!%$L/!%"K#7$'&$!$#!2*$*7"%&*!
:9*$9*7!$9*!,'&2%2'$*!,#&/%2*7/!$9*!:#7BK(',*!'!K(',*!:9*7*!/*(<"%"K#/*2!+#'(!/*$$%&+!%/!#<!
M'(1*>!.<$*7!'((F!4#17!K17K#/*!%/!$#!*M'(1'$*!:9*$9*7!$9*!K*7/#&!:%((!/*$!+#'(/!'$!:#7BF!&#$!%&!9*7!
K*7/#&'(!(%<*>!
!
e#1L((!'(/#!:'&$!$#!2*$*7"%&*!:9*$9*7!$9*!K*7/#&!%/!,'K'G(*!#<!7*',9%&+!+#'(/>!A#"*!K*#K(*!'7*!
+7*'$!'$!/*$$%&+!+#'(/F!G1$!7*',9%&+!$9*"!%/!'&#$9*7!$9%&+>!!M'(1'$*!$9*!7*/1($/!$9*!,'&2%2'$*!
',9%*M*2>!
!
I'/$(4F!4#1L((!:'&$!$#!,#&/%2*7!9#:!$9*!,'&2%2'$*!7*',$/!:9*&!/9*!2#*/&L$!"**$!'!+#'(m
%"K#/*2!G4!*%$9*7!#$9*7/!#7!9*7/*(<>!d#*/!/9*!7'$%#&'(%W*S!H('"*!#$9*7/S!k%M*!1K!%&!2*<*'$S!
89'$!9'KK*&/!$#!$9*!,'&2%2'$*L/!"#$%M'$%#&!%&!$9*/*!%&/$'&,*/S!
)<!4#1L7*!%&$*7M%*:%&+!'!"'&'+*7F!4#1L((!:'&$!$#!B&#:!'G#1$!9*7!+#'(!/*$$%&+!'/!:*((!'/!9*7!
'G%(%$4!$#!9*(K!#$9*7/!/*$!'&2!7*',9!+#'(/>!d#*/!/9*!%"K#/*!+#'(/!#&!#$9*7/S!d#*/!/9*!/**!+#'(!
/*$$%&+!'/!'!,#(('G#7'$%M*!*<<#7$S!89'$!$*,9&%Z1*!2#*/!/9*!'KK(4!%<!+#'(/!'7*&L$!7*',9*2S!P#:!
2#*/!/9*!9*(K!#$9*7/!',9%*M*!$9*%7!+#'(/S!N#/$!K*#K(*!7*/K#&2!G*/$!$#!'!,#(('G#7'$%M*!+#'("
/*$$%&+!K7#,*//>!.(/#F!2#*/!$9*!(*'2*7!/**!9*7/*(<!'/!'!K'7$&*7!'&2!7*/#17,*!<#7!'//%/$%&+!K*#K(*!
%&!7*',9%&+!$9*%7!+#'(/S!

!
D]!
!

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

5*7/#&'(!)&<(1*&,*!p!)&<(1*&,%&+!A*(<-!cK$%"%/"!
,-"%.$/0%!./!1%%"%%!74.$3$%3!
!
?_!=*((!"*!'G#1$!'!K7#X*,$!$9'$!4#1!B&*:!:'/!&#$!+#%&+!$#!2*(%M*7!7*/1($/>!P#:!2%2!4#1!B&#:S!
;_!d*/,7%G*!'!$%"*!:9*&!4#1!$7%*2!/#"*$9%&+!&*:!'$!:#7B>!P#:!2%2!$9'$!:#7BS!8#1(2!4#1!2#!%$!
'+'%&S!894!#7!:94!&#$S!
C_!d*/,7%G*!'!/%$1'$%#&!'$!:#7B!:9*&!4#1!:*7*!#K$%"%/$%,!'&2!%$!'<<*,$*2!$9*!#1$,#"*>!
D_!d*/,7%G*!'!/%$1'$%#&!'$!:#7B!:9*&!#$9*7/!:'&$*2!$#!"#M*!<#7:'72!#&!/#"*$9%&+!'&2!4#1!
2%2&L$!$9%&B!%$!:'/!'!+##2!%2*'>!894!2%2&L$!4#1!$9%&B!%$!:#1(2!:#7BS!89'$!2%2!4#1!2#S!
E_!d*/,7%G*!'!$%"*!:9*&!4#1!:*7*!"#7*!#K$%"%/$%,!$9'&!#$9*7/!'$!:#7B!'G#1$!'!K'7$%,1('7!
K7#X*,$>!89'$!2%2!4#1!2#S!
]_!=*((!"*!'G#1$!'!$%"*!:9*&!4#1!9'2!"%/K(',*2!#K$%"%/">!P#:!2%2!4#1!K7#,**2S!
`_!=*((!"*!'G#1$!'!$%"*!:9*&!4#1!2%2&L$!G*(%*M*!$9'$!'!K7#X*,$!:'/!+#%&+!$#!$17&!#1$!#&!$%"*F!#&!
G12+*$F!#7!#&!$7',B>!894!2%2!4#1!$9%&B!%$!:'/!+#%&+!$#!G*!'!K7#G(*"S!
a_!k%M*!"*!'!/%$1'$%#&!:9*7*!4#1!G*(%*M*2!$9'$!/#"*$9%&+!:'/!+#%&+!$#!G*!/1,,*//<1(!'&2!%$!
:'/>!P#:!2%2!4#1!B&#:S!
b_!=*((!"*!'G#1$!'!$%"*!:9*&!/#"*#&*!#&!4#17!$*'"!:'/!&*+'$%M*!'G#1$!'&!#1$,#"*>!P#:!2%2!
%$!'<<*,$!4#1S!
?"@!A/$0.%!./!B/0%$&"9!C8"0!1%%"%%$0D!10%E"9%!
!
cK$%"%/"!%/&L$!%&$*&2*2!$#!,#"K*&/'$*!<#7!K##7!K7#X*,$!K('&&%&+F!K##7!/'(*/!/B%((/F!#7!K##7!
,1/$#"*7!/*7M%,*>!89*&!4#1L7*!*M'(1'$%&+!$9*!,'&2%2'$*L/!'&/:*7/!$#!$9*!'G#M*!Z1*/$%#&/F!
4#1L7*!+#%&+!$#!9'M*!$#!$'B*!%&$#!,#&/%2*7'$%#&!'&2!G'('&,*!$9*!2'$'!$9*!,'&2%2'$*!%/!+%M%&+!4#1!
'+'%&/$!$9*!'$$%$12*!$9*!,'&2%2'$*!9'/!'G#1$!$9*!/%$1'$%#&>!)<!$9*!2'$'!,(*'7(4!/1++*/$!$9'$!K##7!
/B%((/!#7!K##7!K('&&%&+!%/!'&!%//1*F!$9*!,'&2%2'$*L/!#K$%"%/"!:#&L$!"'B*!'!2%<<*7*&,*>!P#:*M*7F!
$9*!/K%7%$!#<!$9*/*!Z1*/$%#&/!%/!$#!$74!$#!2*$*7"%&*!:9'$!K*7/K*,$%M*!$9*!,'&2%2'$*!G7%&+/!$#!$9*!
$*'">!I%/$*&!<#7!K#/%$%M*!/$'$*"*&$/!'&2!'!9#K*<1(!K*7/K*,$%M*!$9'$!$9*!,'&2%2'$*!G7%&+/!:9*&!
!
D`!
!

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

2*/,7%G%&+!K'/$!/%$1'$%#&/>!J%&2!#1$!'G#1$!$9*!,'&2%2'$*L/!$#(*7'&,*!<#7!#$9*7/!:9#!'7*!
#K$%"%/$%,>!d#*/!$9*!,'&2%2'$*!9'M*!'!K#/%$%M*!7*+'72!<#7!9#K*<1(&*//!#7!#K$%"%/"F!#7!2#*/!9*!
M%*:!/1,9!$9%&B%&+!:%$9!,#&$*"K$S!A17*F!<',$/!'&2!2'$'!'7*!%"K#7$'&$F!'&2!,*7$'%&!,'&2%2'$*/!
$7'%&*2!%&!,*7$'%&!2%/,%K(%&*/!:%((!7*(4!"#7*!$9'&!#$9*7/!#&!<',$/F!G1$!#<$*&!1&2*7(4%&+!$9*!<',$/!%/!'!
K*7/#&L/!G*(%*<!'G#1$!'!K'7$%,1('7!/%$1'$%#&>!)&!$9%/!/%$1'$%#&F!4#1L((!G*!(%/$*&%&+!<#7!$9*!1&2*7(4%&+!G*(%*<>!
.(/#F!(%/$*&!<#7!9#:!$9*!,'&2%2'$*!2*/,7%G*/!$9*!,'1/*/!#<!G'2!*M*&$/>!=9#/*!:9#!*TK('%&!G'2!*M*&$/!%&!'!
,%7,1"/,7%G*2!:'4F!:%$9!*T$*7&'(F!1&/$'G(*F!'&2!/K*,%<%,!,'1/*/F!'7*!2*/,7%G*2!'/!#K$%"%/$%,>!)&!$9*!
(*'7&*2"9*(K(*//&*//!"#2*(F!K*#K(*!G*,#"*!9*(K(*//>!=9%/!(*'7&*2!9*(K(*//&*//!%/!7*K7*/*&$*2!'/!'!
+*&*7'(%W*2!*TK*,$'$%#&!$9'$!<1$17*!#1$,#"*/!:%((!G*!1&7*('$*2!$#!',$%#&/>??!=9*7*<#7*F!'!,'&2%2'$*!:%((!
/#1&2!(%B*!'!M%,$%"m9*!:%((!*TK7*//!$9'$!&#!"'$$*7!:9'$!9*!9'2!2#&*F!$9*!#1$,#"*!:#1(2&L$!9'M*!
%"K7#M*2>!=9*!M%,$%"!M#%,*!/'4/!$9'$!O&#$9%&+!%/!"4!<'1($>R?;!I%/$*&!<#7!$9%/!$4K*!#<!M%,$%"!M#%,*!<7#"!$9*!
,'&2%2'$*>!
P*7*L/!'&!*T'"K(*!#<!:9'$!#&*!,'&2%2'$*!/'%2!:9*&!'/B*2!'G#1$!'!K7#X*,$!$9'$!/9*!2%2&L$!$9%&B!:#1(2!
:#7B-!O)!X1/$!/':!$9%/!'/!#&*!"#7*!K7#X*,$!$9'$!:#1(2&L$!K7#21,*!$9*!7*/1($!$9'$!"'&'+*"*&$!K7#"%/*2>!
)!X1/$!+*$!$%7*2!#<!$9*%7!K%*"%&"$9*"/B4!K7#"%/*/>R!.($9#1+9!$9*!,'&2%2'$*!"'4!G*!7%+9$!'G#1$!
"'&'+*"*&$L/!$9%&B%&+F!<17$9*7!K7#G%&+!%/!%&!#72*7>!89*&!$9*!%&$*7M%*:*7!'/B*2!<#7!'&!*T'"K(*!#<!
K7#X*,$/!$9'$!2%2&L$!K7#21,*!'!7*/1($!'/!K7#"%/*2F!$9*!,'&2%2'$*!/'%2!'<$*7!/#"*!9*/%$'$%#&F!O8*((F!$9*4!
/'%2!$9'$!'!K7#+7'"!<%T!:#1(2!*(%"%&'$*!*77#7/!G4!?`!K*7,*&$>!)$!2%2&L$>R!J17$9*7!K7#G%&+!'G#1$!$9*!
7*/1($/!7*M*'(*2!$9*!<#((#:%&+-!O)$!#&(4!K7#21,*2!'!?E!K*7,*&$!%"K7#M*"*&$!%&!*77#7/>R!N'4G*!
"'&'+*"*&$!:'/!'!G%$!#K$%"%/$%,F!G1$!%$!/**"/!(%B*!$9*!7*/1($/!/K*'B!<#7!$9*"/*(M*/>!

!
Da!
!

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

5*7/#&'(!)&<(1*&,*!p!)&<(1*&,%&+!A*(<-!J(*T%G%(%$4!'&2!.2'K$'G%(%$4!
,-"%.$/0%!./!1%%"%%!S>"J$;$>$.@!50&!1&54.5;$>$.@!
!
?_!d*/,7%G*!'!$%"*!:9*&!4#1!9'2!$#!,9'&+*!4#17!K('&/!$#!',,#""#2'$*!/#"*#&*!*(/*!'$!:#7B>!
P#:!2%2!4#1!<**(!'G#1$!$9'$S!
;_!=*((!"*!'G#1$!'!$%"*!:9*&!/#"*$9%&+!'$!:#7B!:'/!,9'&+%&+>!P#:!9'M*!4#1!'2'K$*2!$#!$9*!
,9'&+*S!P#:!2%2!4#1!<**(!'G#1$!$9*!,9'&+*S!
C_!@*('$*!'!$%"*!:9*&!4#1!:'&$*2!/#"*$9%&+!'$!:#7B!$#!7*"'%&!$9*!/'"*F!G1$!#$9*7/!2%2&L$>!
89'$!2%2!4#1!2#S!P#:!2%2!4#1!<**(!'G#1$!$9'$S!
D_!d*/,7%G*!'!$%"*!:9*&!4#1!9'2!$#!(*'7&!/#"*$9%&+!&*:>!P#:!2%2!4#1!<**(!'G#1$!$9'$S!P#:!
9'M*!4#1!'2'K$*2!$#!$9*!&*:!/4/$*"S!
E_!=*((!"*!'G#1$!'!$%"*!:9*&!4#1!9'2!$7#1G(*!'2X1/$%&+!$#!'!,9'&+*>!89'$!2%2!4#1!<%&2!
2%<<%,1($S!
]_!k%M*!"*!'&!*T'"K(*!#<!'!$%"*!:9*&!4#1!:*7*!<(*T%G(*>!
`_!k%M*!"*!'&!*T'"K(*!#<!'!$%"*!:9*&!4#1!:*7*&L$!M*74!<(*T%G(*>!
a_!=*((!"*!'G#1$!'!$%"*!:9*&!4#1!9'2!$#!7*,#&/%2*7!9#:!$#!%&$*7',$!#7!G*9'M*!G*,'1/*!4#1!
:*7*&L$!+*$$%&+!$9*!7*/1($/!4#1!7*Z1%7*2>!
b_!8*7*!$9*7*!'&4!G*9'M%#7/!$9'$!4#1!9'2!$#!'G'&2#&!$9'$!:#7B*2!<#7!4#1!%&!'!K7*M%#1/!X#G!
$9'$!2%2&L$!:#7B!%&!'!&*:!X#GS!P#:!2%2!4#1!B&#:!$9*/*!G*9'M%#7/!2%2&L$!#7!:#1(2&L$!:#7B!%&!
4#17!&*:!X#GS!
J#7!"'&'+*7/!#7!(*'2*7/-!
!
?Y_!=*((!"*!'G#1$!'!$%"*!'/!'!"'&'+*7!$9'$!4#1!<#1&2!%$!&*,*//'74!$#!G*&2!$9*!71(*/>!89'$!2%2!
4#1!2#S!894!2%2!4#1!2#!%$S!P#:!2%2!4#1!<**(!'G#1$!%$S!
??_!=*((!"*!'G#1$!'!$%"*!:9*&!4#1!:*7*!<(*T%G(*!'&2!',,#""#2'$*2!$9*!&**2/!#<!/#"*#&*!#&!
4#17!/$'<<>!P#:!2%2!4#1!<**(!'G#1$!$9'$S!
!
Db!
!

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

?;_!./!'!"'&'+*7F!9'M*!4#1!*M*7!G**&!<(*T%G(*!'&2!('$*7!7*+7*$$*2!%$S!
?C_!89'$!$4K*/!#<!G*9'M%#7/!2%2!4#1!&**2!$#!2*M*(#K!:9*&!4#1!$7'&/%$%#&*2!<7#"!:#7B*7!$#!
/1K*7M%/#7S!J7#"!"'&'+*7!$#!2%7*,$#7S!
?D_!8*7*!$9*7*!'&4!G*9'M%#7/!$9'$!4#1!9'2!$#!'G'&2#&!$9'$!:#7B*2!<#7!4#1!%&!'!K7*M%#1/!7#(*!
$9'$!2%2&L$!:#7B!%&!'!&*:!7#(*S!P#:!2%2!4#1!B&#:!$9*/*!G*9'M%#7/!2%2&L$!#7!:#1(2&L$!:#7B!%&!
4#17!&*:!7#(*S!
?E_!8'/!$9*7*!*M*7!'!$%"*!:9*&!4#1!,9'&+*2!7#(*/!#7!X#G/!#7!#7+'&%W'$%#&/!$9'$!4#1!9'2!$#!(*$!
+#!#<!G*9'M%#7/!$9'$!,#&$7%G1$*2!$#!4#17!/1,,*//!%&!K'/$!/%$1'$%#&/S!
?"@!A/$0.%!./!B/0%$&"9!C8"0!1%%"%%$0D!10%E"9%!
!
8%$9!'((!$9*!,9'&+*/!$9'$!$'B*!K(',*!%&!$9*!:#7BK(',*F!,'&2%2'$*/!/9#1(2!G*!'G(*!$#!+%M*!4#1!
,#&,7*$*!*T'"K(*/!#<!$%"*/!:9*&!$9*4!9'2!$#!G*!<(*T%G(*>!./B%&+!$9*!<#((#:"1K!Z1*/$%#&!OP#:!
2%2!4#1!<**(!'G#1$!$9'$SR!%/!'&!%"K#7$'&$!:'4!$#!'//*//!$9*!,'&2%2'$*L/!1&2*7(4%&+!'//1"K$%#&/!
'G#1$!,9'&+*>!)/!$9*!,'&2%2'$*!/#"*#&*!:9#!*&X#4/!,9'&+*F!#7!2#*/!9*!(%B*!$9%&+/!$#!7*"'%&!
$9*!/'"*S!I##B!<#7!'!K%,$17*!$#!*"*7+*!'G#1$!9#:!$9*!,'&2%2'$*!M%*:/!,9'&+*>!j1/$!'/!:%$9!'((!
$9*!,#"K*$*&,%*/F!$9*!X#G!:%((!2%,$'$*!:9*$9*7!#7!&#$!$9*!,#"K*$*&,4!%/!%"K#7$'&$>!H*%&+!7%+%2!
'&2!<#((#:%&+!'!/*$!K'$$*7&F!/,9*21(*F!#7!"*$9#2!"'4!,*7$'%&(4!G*!2*/%7'G(*!%&!/#"*!X#G/>!)&!
<',$F!G*%&+!$##!<(*T%G(*!%&!/#"*!K#/%$%#&/!"'4!G*!'!2*$7%"*&$>!6'7*<1((4!"'$,9!$9*!,#"K*$*&,%*/!
:%$9!$9*!X#G>!)<!<(*T%G%(%$4!%/!%"K#7$'&$F!(%/$*&!<#7!*M%2*&,*!$9'$!$9*!,'&2%2'$*!%/!%&2**2!<(*T%G(*>!
!
6#&/%2*7!$9%/!'&/:*7!$#!$9*!Z1*/$%#&!O=*((!"*!'G#1$!'!$%"*!:9*&!4#1!9'2!$#!'2X1/$!$#!'!,9'&+*!
'$!:#7BR-!O8*((F!X1/$!7*,*&$(4F!:*!,9'&+*2!$9*!K7#,*217*!<#7!7*,*%M%&+!('7+*!#72*7/>!8*!1/*2!$#!
9'M*!$:#!K*#K(*!,9*,B!%&!$9*!#72*7>!c&*!:#1(2!,9*,B!$9*!,#"K1$*7!/4/$*"!'&2!M*7%<4!$9*!
#72*7!'+'%&/$!$9*!K',B%&+!(%/$F!'&2!$9*!#$9*7!K*7/#&!:#1(2!,9*,B!<#7!$9*!"*7,9'&2%/*>!o#:F!#&*!
K*7/#&!9'/!$#!2#!G#$9!X#G/>!A#F!)!9'2!$#!(*'7&!9#:!$#!1/*!$9*!,#"K1$*7!/4/$*"!:9*7*!$9*!
*(*,$7#&%,!K',B%&+!(%/$/!'&2!#72*7/!'7*!/$#7*2>R!=9*!%&$*7M%*:*7!$9*&!'/B*2!$9*!<#((#:"1K!
Z1*/$%#&!OP#:!2#!4#1!<**(!'G#1$!$9'$SR!'&2!+'%&*2!$9*!<#((#:%&+!%&<#7"'$%#&-!O8*((F!)!2#&L$!
(%B*!%$>!)$L/!/#!"1,9!*'/%*7!$#!2#!%$!$9*!#$9*7!:'4>!)$L/!,#&<1/%&+!$#!<%&2!*M*74$9%&+!#&!$9*!
,#"K1$*7!'&2!'(/#!+#!'&2!,9*,B!$9*!#72*7>R!.&#$9*7!<#((#:"1K!Z1*/$%#&!K7#M%2*/!*M*&!"#7*!
%&<#7"'$%#&!'G#1$!$9*!/%$1'$%#&-!OP#:!'7*!4#1!'2'K$%&+!$#!$9%/!,9'&+*SR!O8*((F!)L"!2#%&+!#B'4>!
N4!/1K*7M%/#7!/'%2!$9'$!)!9'2!$9*!<*:*/$!2%/,7*K'&,%*/!'&2!'(/#!9'2!$9*!<'/$*/$!,9*,B"%&!/K**2F!
/#!"4!&1"G*7/!'7*!M*74!+##2>!c17!2*K'7$"*&$!"*'/17*/!/K**2!'&2!',,17',4!#<!#72*7!,9*,B"
%&>R!A#!%$L/!K#//%G(*!$#!2%/(%B*!$9*!,9'&+*!4*$!G*!'G(*!$#!'2'K$!Z1%$*!:*((>!=9%/!'&/:*7!+%M*/!$9*!
%&$*7M%*:*7!%"K#7$'&$!%&<#7"'$%#&>!)<!$9*!,'&2%2'$*!9'2!/'%2F!O)L"!'2'K$%&+!#B'4FR!$9*!%&$*7"
M%*:*7!:#1(2&L$!9'M*!*&#1+9!%&<#7"'$%#&!$#!*M'(1'$*!$9*!,'&2%2'$*L/!K#/%$%#&!'&2!:#1(2!&**2!
!
EY!
!

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

$#!'/B!<#7!,#&,7*$*!"*'/17*/>!.(/#F!7*"*"G*7!$9'$!'22%$%#&'(!*T'"K(*/!:%((!*&'G(*!$9*!
%&$*7M%*:*7!$#!2*$*7"%&*!:9*$9*7!$9*!,'&2%2'$*!+*&*7'((4!2%/(%B*/!,9'&+*F!4*$!'2'K$/!:*((F!#7!
:9*$9*7!$9%/!%/!'&!%/#('$*2!*T'"K(*>!)$L/!%"K#7$'&$!$#!',Z1%7*!$9%/!%&<#7"'$%#&!%<!$9*!X#G!$9'$!
4#1L7*!%&$*7M%*:%&+!,'&2%2'$*/!<#7!7*Z1%7*/!(#$/!#<!,9'&+*!'&2!<(*T%G%(%$4>!
!
)&!'22%$%#&F!*"K(#4**/F!'&2!*/K*,%'((4!"'&'+*7/!'&2!(*'2*7/F!/9#1(2!1&2*7/$'&2!$9'$!2%<<*7*&$!
X#G/!'&2!7#(*/!"%+9$!7*Z1%7*!2%<<*7*&$!/*$/!#<!G*9'M%#7/>!)<!$9*4!'7*!':'7*!$9'$!2%<<*7*&$!7#(*/!#7!
X#G/!7*Z1%7*!2%<<*7*&$!G*9'M%#7/F!K7#G*!$#!2%/,#M*7!9#:!$9*4!G*,'"*!':'7*!#<!$9*!&**2!$#!
'2'K$>!8*7*!$9*4!'G(*!$#!7*'2!$9*!*&M%7#&"*&$!#7!$9*!K*#K(*!'&2!7*'(%W*!$9'$!$9*4!9'2!$#!
'2'K$!$9*%7!G*9'M%#7S!c7!2%2!/#"*#&*!9'M*!$#!K#%&$!#1$!$9*!&**2!<#7!'!2%<<*7*&$!/*$!#<!
G*9'M%#7/S!57*<*7'G(4!$9*!,'&2%2'$*!2*$*7"%&*2!$9*!&**2!<#7!2%<<*7*&$!G*9'M%#7/!G4!#G/*7M%&+!
#$9*7/!%&!'!/%"%('7!7#(*F!G4!'//*//%&+!K*#K(*L/!7*',$%#&/F!'&2!G4!'&$%,%K'$%&+!2%<<*7*&,*/>!=9%/!
%&$*7&'(!,#"K'//!:#1(2!(*'2!$#!<(*T%G(*!'&2!'2'K$'G(*!G*9'M%#7!:%$9#1$!$9*!&**2!<#7!/#"*#&*!
$#!K#%&$!%$!#1$>!)<!/#"*#&*!"1/$!K#%&$!%$!#1$F!$9*!K*7/#&!"'4!9'M*!'(7*'24!(#/$!,7*2%G%(%$4!#7!
9'M*!'!K*7<#7"'&,*!K7#G(*">!
!
./B%&+!'!,'&2%2'$*!%&$*7M%*:%&+!<#7!'!"'&'+*7%'(!#7!(*'2*7/9%K!K#/%$%#&!'G#1$!*T'"K(*/!#<!
:9*&!/9*!',,#""#2'$*2!#$9*7/!#7!:9*&!/9*!<*($!%$!&*,*//'74!$#!G*&2!$9*!71(*/!+%M*/!4#1!
%"K#7$'&$!%&/%+9$!%&$#!$9*!,'&2%2'$*L/!<(*T%G%(%$4>!e#1!/9#1(2!'//*//!$9*!'&/:*7/!4#1!7*,*%M*!
'+'%&/$!$9*!<%$!:%$9%&!4#17!#7+'&%W'$%#&>!=9*/*!Z1*/$%#&/!%&M#(M*!X12+"*&$!%//1*/!$9'$!4#1L((!
&**2!$#!*M'(1'$*!'+'%&/$!$9*!('&2/,'K*!#<!4#17!#7+'&%W'$%#&>!J#7!*T'"K(*F!%/!$9*!"'&'+*7L/!
*T'"K(*!'G#1$!G*&2%&+!71(*/!%&!<'M#7!#<!/'$%/<4%&+!,1/$#"*7/S!=9*!X12+"*&$!K#7$%#&!#<!$9*!
Z1*/$%#&!%/!/*K'7'$*!<7#"!$9*!%//1*!#<!<(*T%G%(%$4>!)<!4#1L7*!'$$*"K$%&+!$#!2*$*7"%&*!:9*$9*7!
/#"*#&*!%/!<(*T%G(*F!$9*!,'&2%2'$*!/9#1(2!G*!'G(*!$#!+%M*!*M%2*&,*!:9*7*!/9*!2*"#&/$7'$*2!
<(*T%G%(%$4!%&!9*7!$9%&B%&+!'&2!2*,%/%#&!"'B%&+!'&2!',$*2!%&!'!<(*T%G(*!:'4>!
!

!
E?!
!

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

5*7/#&'(!)&<(1*&,*!p!)&<(1*&,%&+!c$9*7/-!!I*'2%&+!c$9*7/!
,-"%.$/0%!./!1%%"%%!Q"5&$0D!7.8"9%!
!
?_!=*((!"*!'G#1$!'!$%"*!4#1!9'2!'&!%2*'!'&2!4#1!+#$!#$9*7!K*#K(*!$#!<#((#:!4#1>!89'$!2%2!4#1!
2#S!
;_!d*/,7%G*!'!$%"*!:9*&!#$9*7/!7*(%*2!#&!4#1!'&2!<#((#:*2!4#17!(*'2>!
C_!=*((!"*!'G#1$!'!$%"*!:9*&!4#1!:*7*!'G(*!$#!%&<(1*&,*!#$9*7/>!P#:!2%2!4#1!2#!%$S!P#:!2%2!
4#1!<**(!'G#1$!%&<(1*&,%&+!#$9*7/S!
D_!d*/,7%G*!'!$%"*!:9*&!4#1!$##B!,9'7+*!#<!'!/%$1'$%#&>!
E_!=*((!"*!'G#1$!'!$%"*!:9*&!#$9*7/!(##B*2!$#!4#1!<#7!2%7*,$%#&>!89'$!2%2!4#1!2#S!P#:!2%2!4#1!
<**(!'G#1$!$9'$S!
J#7!"'&'+*7/!'&2!(*'2*7/-!
!
]_!P#:!2#!4#1!+*$!K*#K(*!$#!<#((#:!4#1S!89'$!2#!4#1!2#S!P#:!2#!4#1!%&<(1*&,*!$9*"S!

`_!=*((!"*!'G#1$!'!$%"*!:9*&!/#"*#&*!:'/!7*/%/$%&+!4#1>!89'$!2%2!4#1!2#S!
a_!d*/,7%G*!'!$%"*!:9*&!4#1!:*7*!'G(*!$#!+*$!K*#K(*!$#!<#((#:!4#1!#&!'!,#&$7#M*7/%'(!%//1*>!
b_!=*((!"*!'G#1$!'!$%"*!:9*&!4#1!1&%$*2!4#17!<#((#:*7/!'7#1&2!'&!%//1*>!
?Y_!d*/,7%G*!'!$%"*!:9*&!4#1!%&<(1*&,*2!K*#K(*!$#!<#((#:!4#1!:9*&!4#1!2%2!&#$!9'M*!K#/%$%#&'(!
'1$9#7%$4>!
??_!k%M*!"*!'&!*T'"K(*!#<!:9*&!4#1!%&<(1*&,*2!4#17!K**7/>!
?;_!k%M*!"*!'&!*T'"K(*!#<!:9*&!4#1!%&<(1*&,*2!4#17!G#//>!
!
?"@!A/$0.%!./!B/0%$&"9!C8"0!1%%"%%$0D!10%E"9%!
!
!
E;!
!

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

=9*!,'&2%2'$*!/9#1(2!G*!'G(*!$#!K7#M%2*!*T'"K(*/!#<!$%"*/!:9*&!/9*!*"*7+*2!'/!'!(*'2*7>!I##B!
<#7!*T'"K(*/!:9*&!$9*!,'&2%2'$*!2*(%G*7'$*(4!2*"#&/$7'$*2!(*'2*7/9%K!'&2!'(/#!<#7!*T'"K(*/!
#<!:9*&!$9*!,'&2%2'$*!*"*7+*2!'/!'!(*'2*7!G*,'1/*!#$9*7/!/#1+9$!#1$!9*7!B&#:(*2+*F!/B%((F!#7!
%&$*7*/$!%&!'!K'7$%,1('7!$'/B!#7!/1GX*,$>!89*&!'!,'&2%2'$*!2*(%G*7'$*(4!2*"#&/$7'$*/!(*'2*7/9%KF!
/9*! ,9##/*/! $#! (*'2>! .((! $97**! #<! $9*! *T'"K(*/! K7#M%2*2! 'G#M*! 2*"#&/$7'$*! 2*(%G*7'$*!
(*'2*7/9%K>!
!
P#:*M*7F!2*K*&2%&+!#&!$9*!7#(*!'&2!$9*!X#G!$9'$!4#1!'/!$9*!%&$*7M%*:*7!#7!9%7%&+!"'&'+*7!"1/$!
<%((F!%$!%/!'(/#!1/*<1(!$#!2*$*7"%&*!:9*$9*7!#$9*7/!/**B!#1$!$9*!,'&2%2'$*!'/!'!(*'2*7>!89*&!
#$9*7/!'/B!'!,'&2%2'$*!$#!K7#M%2*!(*'2*7/9%KF!$9%/!2*"#&/$7'$*/!$9'$!$9*!,'&2%2'$*!K#//*//*/!
/#"*!Z1'(%$4!#7!*TK*7$%/*!$9'$!#$9*7/!7*Z1%7*>!89*&!'/B*2!$#!+%M*!'&!*T'"K(*!#<!:9*&!#$9*7/!
<#((#:*2!9%/!(*'2F!#&*!,'&2%2'$*!'&/:*7*2!%&!'!91"G(*F!Z1%*$!2*"*'&#7F!O8*((F!$9*7*!:'/!'!
M*74!$*&/*!/%$1'$%#&!:%$9!'!91+*!,1/$#"*7>!8*!:*7*!/1KK#/*2!$#!2*(%M*7!/#"*$9%&+!#&!/K*,!
'&2!:*!"%//*2!$9*!2*'2(%&*!'&2!2%2&L$!"'&1<',$17*!%$!1K!$#!/K*,>!=9*!,1/$#"*7!:'/!
$97*'$*&%&+!$#!K1((!9%/!G1/%&*//>!f=9*!,1/$#"*7!',,#1&$/!<#7!DY!K*7,*&$!#<!#17!7*M*&1*/>_!j#*!
,'"*!$#!"*!'&2!'/B*2!%<!)!:#1(2!G*!:%((%&+!$#!"**$!:%$9!$9*!$*'"!$#!'227*//!$9*!/%$1'$%#&>!)!
9'M*!'!(#&+!9%/$#74!'&2!'!+##2!7*K1$'$%#&!:%$9!$9%/!,1/$#"*7>!A#F!)!2%2>!=9*!$*'"!$##B!"4!
7*,#""*&2'$%#&/!'&2!:*!:*7*!'G(*!$#!7*$'%&!$9*!,1/$#"*7>!j#*!'(/#!'/B*2!"*!%<!)!:#1(2!/$'4!
%&M#(M*2!:%$9!$9*!$*'"!<#7!'!:9%(*!$#!"'B*!/17*!$9'$!:*!"'%&$'%&!$9*!,1/$#"*7L/!,#&<%2*&,*>!
)$L/!G**&!'G#1$!'!4*'7!'&2!$9%&+/!'7*!71&&%&+!7*'((4!:*((>R!=9%/!,'&2%2'$*!,(*'7(4!2*"#&/$7'$*2!
$9'$!9*!9'2!*TK*7$%/*F!'&2!9*!%&<(1*&,*2!$9*!$*'"!$97#1+9!9%/!7*K1$'$%#&!'&2!/B%((>!
!
89*&!4#1L7*!*M'(1'$%&+!'!,'&2%2'$*L/!%&<(1*&,*F!7*"*"G*7!$9'$!,9'7%/"'!'&2!'//*7$%M*&*//!
2#&L$!&*,*//'7%(4!"'B*!'!K*7/#&!%&<(1*&$%'(>!)&<(1*&,*!,#"*/!%&!"'&4!2%<<*7*&$!/%W*/!'&2!/$4(*/>!
I##B!<#7!$9*!$4K*!$9'$!:%((!"'B*!'!+##2!<%$!:%$9!$9*!K#/%$%#&!'&2!4#17!#7+'&%W'$%#&>!A#"*#&*!
,'&!*T*7,%/*!(*'2*7/9%K!:%$9!'!M*74!Z1%*$!'&2!1&'//1"%&+!/$4(*>!I##B!<#7!7*/1($/!'&2!*M%2*&,*F!
&#$!<#7!,9'7">!
!
89*&!%&$*7M%*:%&+!$#!<%((!'!"'&'+*7%'(!#7!(*'2*7/9%K!K#/%$%#&F!'//*//!$9*!"*$9#2/!,'&2%2'$*/!
1/*!$#!%&<(1*&,*!K*#K(*>!cGM%#1/(4F!$9*4!9'M*!K#/%$%#&'(!'1$9#7%$4i!9#:*M*7F!(##B!<#7!*T'"K(*/!
#<!9#:!$9*4!%&<(1*&,*!K*#K(*!G*4#&2!$9*!1/*!#<!K#/%$%#&'(!'1$9#7%$4>!)<!$9*!#&(4!'&/:*7!'!
,'&2%2'$*!,'&!+%M*!4#1!%/F!O)!X1/$!$#(2!j%"!9*!9'2!$#!2#!%$FR!)!:#1(2!G*!,#&,*7&*2!$9'$!$9*!
,'&2%2'$*!%/&L$!':'7*!#<!$9*!#$9*7!"*$9#2/!#<!%&<(1*&,*>!57#G*!2**K(4!$#!+%M*!$9*!,'&2%2'$*!'&!
#KK#7$1&%$4!$#!$*((!4#1!'G#1$!9%/!$',$%,/!'&2!"*$9#2/!<#7!%&<(1*&,%&+!<#((#:*7/>!)&!H8"!C/9>&X%!
O/%.!A/E"9F->!!Q"5&"9%8$4!A9$06$4>"\!j'"*/!P1&$*7!2*/,7%G*/!'!K#/%$%M*!"*$9#2!'/!O$9*!/B%((!#<!
%&<(1*&,%&+!K*#K(*!$#!*&$91/%'/$%,'((4!:#7B!$#:'72!+#'(/!%2*&$%<%*2!'/!G*%&+!<#7!$9*!,#""#&!
+##2>R;!=#!',,#"K(%/9!*&$91/%'/$%,!/1KK#7$!'&2!+'7&*7!'!<#((#:%&+F!(*'2*7/!"1/$!*&+'+*!K*#"
K(*F!M'(1*!$9*"F!9#&#7!$9*%7!%2*'/!$97#1+9!(%/$*&%&+F!'&2!9*(K!$9*"!$#!<**(!%"K#7$'&$>!=9*4!
"1/$!*TK7*//!+7'$%$12*!'&2!2%/K('4!,'7%&+>!P#:*M*7F!(*'2*7/!"1/$!'(/#!2%/K('4!,#"K*$*&,*>!
!
EC!
!

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

8'$,9!<#7!/%+&/!#<!$9*/*!G*9'M%#7/!%&!$9*!'&/:*7/!$9'$!4#1!+'$9*7>!
!
01*/$%#&/!'%"*2!'$!%&<(1*&,%&+!K**7/!'/!:*((!'/!$9*!G#//!+%M*!4#1!M'(1'G(*!%&/%+9$!%&$#!$9*!
,'&2%2'$*L/!"*$9#2!#<!%&<(1*&,*!:9*&!K#/%$%#&'(!'1$9#7%$4!2#*/&L$!*T%/$>!c&*!,'&2%2'$*F!:9*&!
'/B*2!'G#1$!+'%&%&+!'!K**7L/!,##K*7'$%#&!/'%2F!O)!:*&$!$#!#17!G#//!'&2!(*$!9%"!2*'(!:%$9!%$>R!
.+'%&F!$9*!%&$*7M%*:*7!+'%&/!%"K#7$'&$!%&<#7"'$%#&>!.&#$9*7!$*((%&+!*T'"K(*!,'"*!:9*&!'!
,'&2%2'$*!:'/!'/B*2!'G#1$!7*/%/$'&,*>!P*!7*/K#&2*2F!O)!2#&L$!G*(%*M*!%&!K('4%&+!+'"*/!:%$9!
K*#K(*>!8*L7*!9*7*!$#!+*$!$9*!X#G!2#&*F!/#!:9*&*M*7!)!/'4!$#!2#!/#"*$9%&+F!)!*TK*,$!K*#K(*!$#!
2#!%$!#7!)!$*((!$9*"!$9*4!,'&!+#!/#"*:9*7*!*(/*>R!

!
ED!
!

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

5*7/#&'(!)&<(1*&,*!p!)&<(1*&,%&+!c$9*7/-!!67*'$%&+!'!5#/%$%M*!8#7B!
6(%"'$*!
,-"%.$/0%!./!1%%"%%!B9"5.$0D!5!A/%$.$#"!C/9=!B>$35."!
!
J#7!(*'2*7/!'&2!"'&'+*7/-!
!
?_!d*/,7%G*!$9*!,(%"'$*!#7!,1($17*!#<!4#17!K7*/*&$!2*K'7$"*&$>!
;_!89'$!/K*,%<%,!/$*K/!2#!4#1!$'B*!$#!/*$!$9*!$#&*!:%$9%&!4#17!2*K'7$"*&$S!
C_!P#:!%/!$9*!,(%"'$*!:%$9%&!4#17!2*K'7$"*&$!2%<<*7*&$!<7#"!$9'$!#<!#$9*7!'7*'/!:%$9%&!4#17!
,#"K'&4S!
D_!89'$!*M%2*&,*!2#!4#1!9'M*!$9'$!4#1LM*!,7*'$*2!'!K#/%$%M*!,(%"'$*!#7!,1($17*S!
E_!d*/,7%G*!$9*!%2*'(!,(%"'$*!#<!'!2*K'7$"*&$>!89'$!',$%#&/!2#!4#1!$9%&B!'!(*'2*7!"1/$!$'B*!$#!
,7*'$*!'&!%2*'(!,(%"'$*S!
]_!=*((!"*!'G#1$!'!$%"*!:9*&!4#17!/$'<<!:'/!&#$!M*74!*&*7+%W*2>!89'$!2%2!4#1!2#S!
`_!=*((!"*!'G#1$!'!$%"*!:9*&!/#"*#&*!*TK7*//*2!,#&,*7&/!'G#1$!$9*!:#7B%&+!,(%"'$*!#<!4#17!
2*K'7$"*&$>!89'$!2%2!4#1!2#S!
a_!d*/,7%G*!'!/%$1'$%#&!:9*&!'&!*"K(#4**!:'/!2%/71K$%&+!$9*!,(%"'$*!4#1!:*7*!$74%&+!$#!
*/$'G(%/9>!89'$!2%2!4#1!2#S!
J#7!*"K(#4**/-!
!
b_!d*/,7%G*!'!K#/%$%M*!:#7B%&+!,(%"'$*>!89'$!:#1(2!%$!<**(!(%B*S!89'$!2#!4#1!2#!$#!,7*'$*!'!K#/%$%M*!
:#7B%&+!,(%"'$*!*M*74!2'4S!
?Y_!k%M*!"*!/#"*!*T'"K(*/!#<!:9'$!4#1!2#!$#!*&/17*!$9'$!4#17!,#:#7B*7/!9'M*!'!K#/%$%M*!2'4>!

??_!k%M*!"*!'&!*T'"K(*!#<!/#"*!',$%#&/!4#1LM*!$'B*&!:%$9!'!&*+'$%M*!,#:#7B*7>!89'$!9'M*!
4#1!2#&*!$#!,7*'$*!'!"#7*!K#/%$%M*!:#7B%&+!7*('$%#&/9%K!:%$9!$9%/!K*7/#&S!

!
EE!
!

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

?;_!P#:!2#!4#1!/1KK#7$!4#17!/1K*7M%/#7!%&!,7*'$%&+!'!K#/%$%M*!,(%"'$*!%&!4#17!:#7B!1&%$S!
!
?"@!A/$0.%!./!B/0%$&"9!C8"0!1%%"%%$0D!10%E"9%!
!
k*&*7'((4F!$9*/*!Z1*/$%#&/!'7*!<#7!(*'2*7/!#7!"'&'+*7/F!:9#!/9#1(2!G*!'G(*!$#!+%M*!4#1!'&/:*7/!
$9'$!%&2%,'$*!$9'$!$9*4!7*,#+&%W*!$9*%7!7*/K#&/%G%(%$4!<#7!,7*'$%&+!'!K#/%$%M*!,(%"'$*!:%$9%&!$9*%7!
:#7B!+7#1K>!k##2!(*'2*7/!M%/1'(%W*!'&2!'7$%,1('$*!$9*!,1($17*!$9*4!*TK*,$!$#!,7*'$*!%&!$9*%7!
:#7B!1&%$/>!=9'$!M%/%#&!/9#1(2!G*!,#&/%/$*&$!'&2!<%$!:%$9%&!4#17!,#"K'&4!#7!#7+'&%W'$%#&>!)&!
'22%$%#&F!,'&2%2'$*/!/9#1(2!G*!'G(*!$#!#1$(%&*!/K*,%<%,!/$*K/!$9'$!$9*4!9'M*!$'B*&!$#!,7*'$*!'!
K#/%$%M*!,(%"'$*!:%$9!$9*%7!/$'<<>!=9*!'&/:*7/!$9'$!4#1!+'%&!/9#1(2!+%M*!4#1!'!+##2!%&2%,'$%#&!#<!
:9*$9*7!#7!&#$!$9*!,'&2%2'$*!*M*&!,#&/%2*7/!,(%"'$*!$#!G*!9%/!7*/K#&/%G%(%$4>!.($9#1+9!
#7+'&%W'$%#&'(!%//1*/F!"'7B*$!,#&2%$%#&/F!'&2!#$9*7!<',$#7/!%&<(1*&,*!*"K(#4**!"#7'(*!'&2!
/'$%/<',$%#&F!/#!2#*/!$9*!2%7*,$!(*'2*7L/!',$%#&>!57#G*!<17$9*7!$#!2*$*7"%&*!:9*$9*7!$9*!(*'2*7!
7*,#+&%W*/!$9'$!9*!,#&$7#(/!,*7$'%&!<',$#7/F!'&2!(##B!<#7!*M%2*&,*!#<!9#:!$9*!(*'2*7!',$/>!)$L/!
'(/#!9*(K<1(!$#!'/B!<#7!"#7*!$9'&!#&*!*T'"K(*>!)<!'!K*7/#&!9'/!9*(2!"#7*!$9'&!#&*!(*'2*7/9%K!
K#/%$%#&!#7!9'/!:#7B*2!%&!"1($%K(*!,#"K'&%*/!#7!#7+'&%W'$%#&/F!'/B%&+!<#7!"1($%K(*!*T'"K(*/!
+%M*/!$9*!%&$*7M%*:*7!"#7*!%&/%+9$!%&$#!9#:!$9*!,'&2%2'$*!/*$/!$9*!$#&*!#7!,(%"'$*!:9*&!%&!'!
(*'2*7/9%K!7#(*>!
!
A#"*!(*'2*7/!$%*!$9*!,(%"'$*!$#!$9*!,#7K#7'$*!M'(1*/!#<!$*'":#7B!#7!7*/K*,$>!A#"*!2*M*(#K!
$9*%7!#:&!/*$!#<!#K*7'$%&+!G*9'M%#7/!<#7!$9*%7!2*K'7$"*&$!#7!$*'">!=9*!B*4!K#%&$!9*7*!%/!$9'$!
(*'2*7/!/9#1(2!9'M*!'!,(*'7!M%/%#&F!/9#1(2!*/$'G(%/9!+1%2*(%&*/!<#7!%&$*7',$%&+!$9'$!/1KK#7$!$9*!
M%/%#&F!/9#1(2!9'M*!,(*'7(4!,#""1&%,'$*2!:9'$L/!*TK*,$*2F!'&2!/9#1(2!',$!%&!'!"'&&*7!$9'$!%/!
,#&/%/$*&$!:%$9!$9%/!M%/%#&>!=9*!,'&2%2'$*!/9#1(2!'(/#!G*!'G(*!$#!+%M*!*M%2*&,*!#<!$9*!K#/%$%M*!
,1($17*!/9*!,7*'$*2>!)/!9*7!#M*7$17&!7'$*!(#:*7!$9'&!'M*7'+*S!.7*!$9*7*!#K%&%#&!/17M*4/!#7!
/'$%/<',$%#&!/17M*4/!$9'$!,'((!#1$!9*7!2*K'7$"*&$!'/!1&1/1'((4!9%+9!/,#7%&+S!!M*&!'&*,2#$'(!
*M%2*&,*!,'&!/1KK#7$!9*7!,('%"/>!c&*!:#7B%&+!/1K*7M%/#7!:'/!'G(*!$#!2*/,7%G*!'!M*74!K#/%$%M*!
,1($17*i!:9*&!'/B*2!<#7!*M%2*&,*F!/9*!/'%2F!O8*((F!$9%/!%/&L$!/#"*$9%&+!$9'$!4#1!,'&!"*'/17*F!
G1$!:9*&!"4!91/G'&2!:'/!2%'+&#/*2!:%$9!,'&,*7F!"4!*"K(#4**/!'((!+#$!$#+*$9*7>!=9*4!$##B!%$!
1K#&!$9*"/*(M*/!$#!2%M%2*!1K!/#"*!#<!"4!:#7B>!=9*4!/'%2!$9'$!:9%(*!"4!91/G'&2!:'/!/%,BF!$9*4!
:*7*!'((!+#%&+!$#!K%$,9!%&!'&2!$74!$#!7*(%*M*!"*!#<!/#"*!#<!"4!$'/B/>!)&!'22%$%#&F!$9*4!(*<$!"*!'!
:7%$$*&!7*K#7$!*M*74!2'4!(*$$%&+!"*!B&#:!:9'$!$9*4!:*7*!'G(*!$#!,#"K(*$*>!!M*74#&*!:#7B*2!
$#+*$9*7!#&!$9%/>!)$!:'/!+7*'$>R!cGM%#1/(4F!$9%/!K*7/#&!2%2!/#"*$9%&+!$#!*&+*&2*7!$9%/!B%&2!#<!
/1KK#7$>!
!
.&#$9*7!K#%&$!:#7$9!&#$%&+!%&M#(M*/!$9*!*&*7+4!#<!$9*!:#7B!1&%$>!!&*7+4!'&2!"##2!'7*!
,#&$'+%#1/F!'&2!$9*!(*'2*7!/*$/!$9*!$#&*>!)/!$9*!,'&2%2'$*!':'7*!$9'$!9*!#7!/9*!,'&!$'B*!',$%#&/!
!
E]!
!

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

$#!%&,7*'/*!$9*!*&*7+4!(*M*(!#<!$9*!+7#1KS!c&*!,'&2%2'$*!/'%2!$9'$!/9*!&#$%,*2!$9'$!9*7!/$'<<!
:'/!+*$$%&+!:*'74!217%&+!'!K'7$%,1('7(4!G1/4!$%"*!%&!$9*!2*'2!#<!:%&$*7>!A9*!2*,%2*2!$#!9'M*!'!
/1""*7!(1'1!K'7$4!#&*!N#&2'4!'<$*7&##&>!)$!:'/!'!$#$'(!/17K7%/*F!'&2!/9*!K17K#/*(4!,9#/*!
N#&2'4>!A9*!/'%2!$9*!*&*7+4!'&2!9%+9!/K%7%$!,7*'$*2!G4!$9*!(1'1!('/$*2!'((!:**B>!
.(/#F!'/B!'G#1$!9#:!$9*!(*'2*7!:#1(2!'227*//!'!&*+'$%M*!#7!7*/%/$'&$!*"K(#4**>!8%((!$9*!
,'&2%2'$*!',$!$#!2*<*&2!$9*!,1($17*!9*!%/!,7*'$%&+S!8%((!9*!$*',9!'&2!"*&$#7!*"K(#4**/!$#!
/1KK#7$!$9*!,1($17*S!A#"*$%"*/F!(*'2*7/!2#!'!+##2!X#G!#<!*&M%/%#&%&+!'&2!'7$%,1('$%&+!'!K#/%$%M*!
,1($17*F!G1$!$9*4!+*$!/$4"%*2!:9*&!/#"*#&*!7*/%/$/>!5*79'K/!$9*4!(',B!$9*!/B%((!#7!$9*!,#17'+*!
$#!'227*//!7*/%/$'&,*>!c&*!(*'2*7!+'M*!*M%2*&,*!#<!'!M*74!K#/%$%M*!,1($17*!$9'$!9*!,7*'$*2i!$9*&!
'!&*:!K*7/#&!*&$*7*2!$9*!:#7B!1&%$F!'&2!9*7!"'&%K1('$%M*!'&2!G',B/$'GG%&+!G*9'M%#7!
2*/$7#4*2!:9'$!9*!9'2!,7*'$*2>!P*!/'%2!%&!$9*!%&$*7M%*:F!O)!(*'7&*2!9#:!#&*!K*7/#&!,#1(2!
2*/$7#4!*M*74$9%&+!)!:#7B*2!9'72!$#!G1%(2>R!89*&!$9*!%&$*7M%*:*7!K7#G*2!:%$9!O89'$!2%2!4#1!
2#!:9*&!4#1!7*'(%W*2!$9%/!:'/!9'KK*&%&+SR!$9*!,'&2%2'$*!7*/K#&2*2F!O8*((F!$9*7*!:'/&L$!"1,9!
)!,#1(2!2#F!/9*!:'/!M*74!/$7#&+!:%((*2>R!=9%/!/*&/*!#<!9*(K(*//&*//!/K*'B/!M#(1"*/>!.//1"%&+!
$9'$!$9*!"'&%K1('$%M*!K*7/#&!:'/!9%7*2!G4!$9%/!(*'2*7F!$9*!/%$1'$%#&!:#1(2!*M*&!G*!:#7/*>!=9*!
(*'2*7!2%2&L$!$'B*!',$%#&/!$#!2*<*&2!$9*!,1($17*!9*!,7*'$*2F!&#7!2%2!9*!%&%$%'((4!9%7*!/#"*#&*!
:9#!:#1(2!<%$!%&$#!$9*!,1($17*>!
!
.($9#1+9!$9*!7*/K#&/%G%(%$4!<#7!,7*'$%&+!'!K#/%$%M*!,(%"'$*!7*/$/!K7%"'7%(4!:%$9!$9*!(*'2*7F!
*"K(#4**!',$%#&/!/K*'B!M#(1"*/>!01*/$%#&%&+!'!,'&2%2'$*!'G#1$!,(%"'$*!'&2!9*7!7#(*!%&!%$!+%M*/!
$9*!%&$*7M%*:*7!#7!9%7%&+!"'&'+*7!%&/%+9$!%&$#!$9*!,'&2%2'$*L/!/*(<"(*'2*7/9%K!/B%((/>!d#*/!$9*!
,'&2%2'$*!7*'(%W*!$9'$!'((!K*#K(*!9'M*!'!7#(*!%&!/*$$%&+!,(%"'$*!#7!$#&*S!d#*/!/9*!$'B*!',$%#&/!$#!
,7*'$*!'!K#/%$%M*!,(%"'$*!:%$9!K**7/!'&2!#$9*7/S!./B!'!,'&2%2'$*!/#"*!Z1*/$%#&/!$#!'//*//!:9'$!
',$%#&/!'&2!7*/K#&/%G%(%$4!/9*!$'B*/!$#!/*$!$9*!$#&*>!c&*!,'&2%2'$*!/'%2F!O)$L/!&#$!"4!X#G!$#!
:#774!'G#1$!:9*$9*7!#7!&#$!"4!,#:#7B*7/!'7*!9'M%&+!'!+##2!2'4>!=9'$L/!"4!G#//L/!X#G>R!c&!$9*!
,#&$7'74F!%<!*',9!*"K(#4**!,#&,*7&*2!9*7/*(<!:%$9!:9*$9*7!#7!&#$!9*7!,#:#7B*7/!:*7*!9'M%&+!'!
+##2!2'4F!"#7'(*!K7#G(*"/!:#1(2!+#!':'4>!.(/#F!/*7M%&+!%&$*7&'(!,1/$#"*7/!f,#:#7B*7/_!
7*Z1%7*/!$9*!'$$%$12*!$9'$!*',9!K*7/#&!"'&'+*/!9%/!G*9'M%#7!$#!,7*'$*!'!K#/%$%M*!*TK*7%*&,*!<#7!
$9*!K*#K(*!9*!*&,#1&$*7/>!H*!/17*!$#!K7#G*i!Z1*/$%#&/!/1,9!'/!$9*/*!:%((!#<$*&!*(%,%$!/%"K(*!
'&/:*7/!/1,9!'/F!O)L"!7*'(!*'/4!$#!+*$!'(#&+!:%$9>!!M*74#&*!(%B*/!"*>R!=9'$!"'4!G*!$71*F!G1$!
$9'$!'&/:*7!(',B/!,('7%$4>!d%+!2**K*7!<#7!/K*,%<%,!*T'"K(*/!#<!9#:!$9*!,'&2%2'$*!G*9'M*/>!=9'$!
,9'7',$*7%/$%,!*&+*&2*7/!'!K#/%$%M*!,(%"'$*>!

!
E`!
!

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

5*7/#&'(!)&<(1*&,*!p!)&<(1*&,%&+!c$9*7/-!!k*$$%&+!@*/1($/!=97#1+9!
c$9*7/!
,-"%.$/0%!./!1%%"%%!V"..$0D!!"%->.%!.89/-D8!7.8"9%!
!
J#7!"'&'+*7/!#7!(*'2*7/-!
?_!d*/,7%G*!/#"*!#<!$9*!7*/1($/!4#1LM*!',9%*M*2!%&!4#17!'7*'!:%$9%&!$9*!K'/$!4*'7>!P#:!2%2!4#1!

',9%*M*!$9#/*!7*/1($/S!
;_!)&!:9'$!'7*'/!2%2!4#1!<'((!/9#7$!#<!2*(%M*7%&+!$9*!7*/1($/!4#1!:'&$*2!$#!2*(%M*7S!894!2%2!4#1!
<'((!/9#7$S!89'$!,#1(2!4#1!9'M*!2#&*!2%<<*7*&$(4S!
C_!d*/,7%G*!9#:!4#1!$4K%,'((4!+*$!7*/1($/!<7#"!#$9*7!K*#K(*>!
D_!=*((!"*!9#:!4#1!/*$!+#'(/!<#7!4#17!/$'<<>!k%M*!"*!'&!*T'"K(*!#<!'!$%"*!:9*&!/#"*#&*!
:'/&L$!"**$%&+!'!+#'(>!89'$!2%2!4#1!2#S!
E_!P'/!$9*7*!*M*7!G**&!'!$%"*!:9*&!&#!"'$$*7!:9'$!4#1!2%2F!/#"*#&*!:'/!1&'G(*!$#!7*',9!'!
+#'(S!89'$!2%2!4#1!2#S!
]_!89'$!9'M*!4#1!2#&*!$#!/9'7*!4#17!*TK*,$'$%#&/!:%$9!4#17!2*K'7$"*&$S!
`_!P'M*!4#1!*M*7!/*$!'!+#'(!$##!(#:S!89'$!2%2!4#1!2#S!
a_!=*((!"*!'G#1$!'!$%"*!:9*&!/#"*#&*!:'/!7*/%/$%&+!4#1F!4#17!%2*'/F!#7!4#17!'1$9#7%$4>!89'$!
2%2!4#1!2#S!
b_!=*((!"*!'G#1$!'!$%"*!$9'$!4#1!:*7*!:7#&+!%&!$9*!:'4!$9'$!4#1!'227*//*2!'&!*"K(#4**!
/%$1'$%#&>!
?Y_!./!'!"'&'+*7F!$*((!"*!'G#1$!'!$%"*!:9*&!4#1!2%2&L$!9'M*!*&#1+9!7*/#17,*/!$#!2#!$9*!X#G>!
89'$!2%2!4#1!2#S!
J#7!*"K(#4**/-!
!
??_!d*/,7%G*!'!/%$1'$%#&!:9*&!4#17!',$%#&/!9*(K*2!#$9*7/!',9%*M*!7*/1($/!#7!+#'(/>!
!
!
Ea!
!

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

!
?"@!A/$0.%!./!B/0%$&"9!C8"0!1%%"%%$0D!10%E"9%!
!
89*&!%&$*7M%*:%&+!,'&2%2'$*/!<#7!(*'2*7/9%K!K#/%$%#&/F!G*!/17*!$#!*/$'G(%/9!*M%2*&,*!$9'$!$9*4!
1/*! */$'G(%/9*2! K*7<#7"'&,*""'&'+*"*&$! $*,9&%Z1*/>! k##2! K*7<#7"'&,*! "'&'+*"*&$!
7*Z1%7*/!$9*!(*'2*7!$#!*/$'G(%/9!,(*'7!*TK*,$'$%#&/F!"*'/17*!K*7<#7"'&,*F!,(*'7(4!,#""1&%,'$*!
*TK*,$'$%#&/!'&2!"*'/17*/F!"#&%$#7!*"K(#4**!K*7<#7"'&,*F!'&2!+%M*!<**2G',B!$97#1+9#1$!$9*!
K*7<#7"'&,*! ,4,(*>! =97#1+9! 4#17! 2%/,1//%#&/! :%$9! $9*! ,'&2%2'$*F! 4#1! /9#1(2! G*! 'G(*! $#!
2*$*7"%&*! :9'$! $9*! ,'&2%2'$*! 2#*/! $#! ,('7%<4! *TK*,$'$%#&/F! 9#:! $9*! ,'&2%2'$*! ,9*,B/! #7!
"#&%$#7/! 7*/1($/F! '&2! :9*$9*7! #7! &#$! $9*! ,'&2%2'$*! +%M*/! 7*+1('7! K*7<#7"'&,*! <**2G',B>! H1$!
$9*! "'&&*7! %&! :9%,9! $9*! (*'2*7! *T*,1$*/! $9%/!K7#,*//! %/! ,7%$%,'(>! l/*! $9*! %&$*7M%*:! K7#,*//! $#!
2*$*7"%&*!8/E!$9*!,'&2%2'$*!*&+'+*/!$9*!*"K(#4**!%&!$9*!K*7<#7"'&,*""'&'+*"*&$!/4/$*">!
c7+'&%W'$%#&/!:%$9!*<<*,$%M*!K*7<#7"'&,*""'&'+*"*&$!K7#,*//*/!,7*'$*!'!,1($17*!#<!2%'(#+1*>!
I*'2*7/! "1/$! *&,#17'+*! K*7M'/%M*! $:#":'4! ,#""1&%,'$%#&F! $97#1+9! :9%,9! %&2%M%21'(/! '&2!
+7#1K/! Z1*/$%#&F! ,9'((*&+*F! %&$*7K7*$F! '&2! ,('7%<4! +#'(/! '&2! *&+'+*! %&! 7*+1('7! K*7<#7"'&,*!
2%'(#+1*!$#!*&/17*!$9'$!*"K(#4**/L!',$%#&/!'7*!'(%+&*2!:%$9!$9*!#7+'&%W'$%#&L/!+#'(/>?Y!
!
J#7! *T'"K(*F! <7#"! $9*! ,'&2%2'$*L/! '&/:*7/F! 2#! 4#1! +*$! '! /*&/*! $9'$! $9*! K7#,*//! %/!
,#(('G#7'$%M*S!)&!'22%$%#&F!:9'$!%/!$9*!$#&*!#<!$9*!2%/,1//%#&/!$9*!,'&2%2'$*!%/!,#&M*4%&+S!d#*/!
$9*!,'&2%2'$*!/**!9*7/*(<!'/!'!K'7$&*7!<#7!',9%*M%&+!+#'(/S!d#*/!$9*!,'&2%2'$*!#<<*7!*"K(#4**/!
9*(K!'&2!7*/#17,*/!$#!7*',9!+#'(/S!d#*/!$9*!,'&2%2'$*!/**!9*7/*(<!'/!'!"*&$#7!#7!,#',9!$#!9*(K!
K*#K(*!',9%*M*!+#'(/S!89*&!'/B*2!'G#1$!+#'(/!'&2!$9*!7#(*!$9*!"'&'+*7!K('4/F!#&*!,'&2%2'$*!
/$'$*2F!OI##BF!)!K1$!%$!#1$!$9*7*!%&!&#!1&,*7$'%&!$*7"/>!!M*74#&*!B&#:/!:9'$!)!*TK*,$>!)L"!&#$!
$9*7*!$#!9#(2!'&4#&*L/!9'&2>!)<!$9*4!,'&L$!2*(%M*7F!)!9'M*!$#!,1$!"4!(#//*/>R!=9%/!,'&2%2'$*!"%+9$!
2*(%M*7! ,(*'7(4! 2*<%&*2! +#'(/F! G1$! %$! /**"/! $9'$! $9*! K7#,*//! /$#K/! $9*7*>! .($9#1+9! :*L7*! &#$!
/1++*/$%&+! $9'$! '&! *"#$%#&'((4! %&$*((%+*&$! (*'2*7! ,#22(*! /#"*#&*F! '! G%$! #<! ,#',9%&+! :#1(2!
,*7$'%&(4!G*!%&!#72*7>!894S!H*,'1/*!K*#K(*L/!K*7<#7"'&,*!%"K7#M*/!:9*&!$9*!(*'2*7!',$%M*(4!
+%M*/!K*7<#7"'&,*!<**2G',B!'&2!9'/!G1%($!'!,#',9%&+!7*('$%#&/9%K!:%$9!$9*!*"K(#4**>!
)$L/!'(/#!%&$*7*/$%&+!$#!*T'"%&*!9#:!'!,'&2%2'$*!'227*//*/!7*/%/$'&$!#7!7*(1,$'&$!*"K(#4**/>!d%2!
$9*!,'&2%2'$*!%""*2%'$*(4!K1/9!G',B!#7!+%M*!$9*!*"K(#4**!'&!1($%"'$1"S!d%2!9*!+%M*!1K!'&2!
+*$!#$9*7!K*#K(*!$#!,#M*7!<#7!$9*!7*/%/$'&$!*"K(#4**S!c7!2%2!9*!+%M*!,(*'7!<**2G',BF!(%/$*&!$#!
$9*!*"K(#4**F!%&M#(M*!$9*!*"K(#4**!%&!K7#G(*"!/#(M%&+F!'&2!#<<*7!/1KK#7$F!'22%$%#&'(!$7'%&%&+F!
#7!#$9*7!7*/#17,*/!$#!#M*7,#"*!$9*!K*7<#7"'&,*!2%<<%,1($4S!I%/$*&!,'7*<1((4!$#!2%/$%((!$9*!$#&*!#<!
$9*! *"K(#4**! 2%/,1//%#&/>! =9*7*! %/! #&*! $9%&+! 4#1! ,'&! ,#1&$! #&! '/! '! (*'2*7-! *M*&$1'((4F!
/#"*#&*F!/#"*:9*7*F!:%((!7*/%/$!4#17!%2*'/F!/1++*/$%#&/F!#7!+#'(/>!I*'7&%&+!:9'$!$9*!,'&2%2'$*!
2#*/! $#! %&<(1*&,*! '! K*7/#&! :9#! 7*/%/$/! +%M*/! $9*! %&$*7M%*:*7! ,7%$%,'(! %&<#7"'$%#&>! I##B! <#7!
'&/:*7/!$9'$!/1++*/$!$9'$!$9*!,'&2%2'$*!:#7B*2!1K!<7#&$!$#!G1%(2!$9*!7*('$%#&/9%Ki!%&,(12*2!$9*!
*"K(#4**L/! %&K1$! '&2! ,#(('G#7'$*2! :%$9! $9*! *"K(#4**! #&! $9*! %2*'/F! K7#X*,$/F! #7! +#'(/i! '&2!
!
Eb!
!

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

'/B*2! <#7! *"K(#4**! <**2G',B! '&2! (%/$*&*2! $#! *"K(#4**! ,#&,*7&/>! =71*! %&<(1*&,*! %/! %&! $9*!
2*$'%(/!'&2!$9*!$#&*>!
!
A#"*$%"*/F!9#:*M*7F!*M*&!'!(*'2*7!:9#!*"K(#4*2!'((!$9*!7%+9$!"*$9#2/!*&,#1&$*7/!'!/%$1'$%#&!
%&!:9%,9!'!K*7/#&!%/!1&:%((%&+!#7!1&'G(*!$#!"**$!$9*!2*"'&2/!#<!$9*!X#G>!)&!$9%/!,'/*F!$9*!(*'2*7!
"1/$!,#17'+*#1/(4!$'B*!$9*!&*T$!/$*KmK7#+7*//%M*!2%/,%K(%&*>!=9*!%&$*7M%*:*7!"1/$!2*$*7"%&*!
:9*$9*7!$9*!,'&2%2'$*!+'M*!$9*!*"K(#4**!%&!Z1*/$%#&!<'%7!'&2!'"K(*!,#',9%&+!'&2!,#1&/*(%&+F!
'&2!$9*&!:9*$9*7!$9*!(*'2*7!'227*//*2!$9*!/%$1'$%#&!%&!'&!9#&#7'G(*!"'&&*7m*M*&!%<!%$!*&2*2!
%&! $*7"%&'$%#&>! )<! '! (*'2*7! <'%(/! $#! '227*//! K*7<#7"'&,*! K7#G(*"/F! 1($%"'$*(4F! 9*! ,'&! (#/*!
%&<(1*&,*!:%$9!#$9*7/!#&!9%/!$*'"F!G*,'1/*!G4!',,*K$%&+!(#:*7/!/$'&2'72/!<#7!#&*!K*7/#&F!9*!
(#:*7/!$9*!*TK*,$'$%#&/!<#7!*M*74#&*>!
!
=#!2*$*7"%&*!9#:!'!,'&2%2'$*!+*$/!7*/1($/!:9*&!9*!9'/!&#!K#/%$%#&'(!'1$9#7%$4F!G*!/17*!$#!
2%7*,$!4#17!Z1*/$%#&/!/K*,%<%,'((4!$#!$9'$!K#%&$>!./BF!OP#:!2#!4#1!$4K%,'((4!+*$!7*/1($/!<7#"!
4""9%^_!#7!O=*((!"*!'G#1$!'!$%"*!:9*&!'!4""9!7*/%/$*2!4#1F!#7!4#17!%2*'/>!89'$!2%2!4#1!2#SR!
P*7*!'+'%&F!$9*!,'&2%2'$*!/9#1(2!+%M*!'&/:*7/!$9'$!2*/,7%G*!,#(('G#7'$%M*!'KK7#',9*/>!d%2!$9*!
,'&2%2'$*!7*,#+&%W*!$9*!&**2!<#7!/$7#&+!K**7"$#"K**7!7*('$%#&/9%K/S!d%2!/9*!'/B!<#7!%&K1$!#&!
%2*'/F!K7#X*,$/F!#7!+#'(/!$9'$!'<<*,$*2!K**7/S!8'/!$9*!,'&2%2'$*!#K*&!$#!<**2G',BF!'&2!2%2!/9*!
(%/$*&!$#!,#&,*7&/S!)&<(1*&,*!%/!"'2*!#<!G1%(2%&+!G(#,B/>!.!,'&2%2'$*L/!':'7*&*//!#<!$9*!K7#,*//!
#<!%&<(1*&,%&+!#$9*7/!:%((!G*!*M%2*&$!%&!$9*!"'&&*7!%&!:9%,9!/9*!2*/,7%G*/!9*7!%&$*7',$%#&/>!
!

!
]Y!
!

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

N'/$*74!#<!517K#/*!'&2!^%/%#&-!l&2*7/$'&2%&+!c&*L/!517K#/*!'&2!
^'(1*!
,-"%.$/0%!./!1%%"%%!W0&"9%.50&$0D!70"X%!A-94/%"!50&!Y5>-"%!
!
?_!d*/,7%G*!'!$%"*!:9*&!4#1!:*7*!(#/$!%&!4#17!:#7B!%&!'!+##2!:'4m!:9*&!$%"*!X1/$!<(*:!G4!'&2!
4#1!:*7*!$#$'((4!'G/#7G*2!%&!:9'$!4#1!:*7*!2#%&+>!
;_!=*((!"*!'G#1$!'!$%"*!:9*&!4#1!<*($!G#7*2!'$!:#7B>!
C_!d*/,7%G*!4#17!%2*'(!X#G>!
D_!d*/,7%G*!$9*!:#7/$!K#//%G(*!X#G!<#7!4#1>!
E_!89'$!$4K*!#<!:#7B!:#1(2!4#1!<%&2!"#/$!%&/K%7%&+S!
?"@!A/$0.%!./!B/0%$&"9!C8"0!1%%"%%$0D!10%E"9%!
!
H4!'/B%&+!$9*/*!Z1*/$%#&/F!$9*!%&$*7M%*:*7!/9#1(2!+*$!'!K%,$17*!#<!$9*!$4K*!#<!:#7B!"#/$!'(%+&*2!
:%$9!$9*!,'&2%2'$*L/!%&$*7*/$/>!c<!,#17/*F!%$!:#1(2!G*!M*74!1/*<1(!%<!4#1!'/B*2!$9*/*!Z1*/$%#&/!
G*<#7*!4#1!2*/,7%G*2!$9*!X#G>!)<!$9*!,'&2%2'$*!B&#:/!:9'$!$9*!X#G!*&$'%(/!%&!'2M'&,*F!$9*!
,'&2%2'$*!"'4!'&/:*7!$9*!Z1*/$%#&/!$#!/1%$!$9*!K#/%$%#&>!A#F!'/!$9*!%&$*7M%*:*7F!'77'&+*!4#17!
2%/,1//%#&!/#!$9'$!4#1!'/B!$9*/*!Z1*/$%#&/!G*<#7*!4#1!2*/,7%G*!$9*!K#/%$%#&!#7!X#G!21$%*/>!=9*!
Z1*/$%#&!'G#1$!G*%&+!(#/$!%&!#&*L/!:#7BF!*'7(%*7!2*/,7%G*2!'/!<(#:F!9*(K/!$9*!%&$*7M%*:*7!1&"
2*7/$'&2!$9*!B%&2!#<!:#7B!$9'$!7*/#&'$*/!:%$9!$9*!,'&2%2'$*>!c&*!,'&2%2'$*!/$'$*2!$9'$!$9*!
:#7/$!K#//%G(*!X#G!<#7!9%"!:#1(2!G*!'!K#/%$%#&!:9*7*!9*!:#1(2!9'M*!(%$$(*!#7!&#!9*(K!%&!/#(M%&+!
K7#G(*"/!'&2!G*!*TK*,$*2!$#!%&$*7',$!:%$9!'&+74!K*#K(*!'((!2'4>!8*((F!$9*!$*,9&%,'(!/1KK#7$!
#K*&%&+!7*Z1%7*2!'!+7*'$!2*'(!#<!%&2*K*&2*&$!K7#G(*"!/#(M%&+!:%$9!(%$$(*!2%7*,$%#&>!)$!'(/#!
7*Z1%7*2!'("#/$!,#&/$'&$!%&$*7<',*!:%$9!%7'$*!1/*7/>!A#F!<%$!"'4!G*!'&!%//1*!%&!$9%/!,'/*>!.&#$9*7!
,'&2%2'$*!2*/,7%G*2!<**(%&+!G#7*2!'&2!2%/(%B*2!'$$*&2%&+!"**$%&+/>!)<!$9*!K'7$%,1('7!,1($17*!'$!
$9*!9%7%&+!,#"K'&4!'&2!$9*!K#/%$%#&!7*Z1%7*2!$9*!,'&2%2'$*!$#!'$$*&2!"**$%&+/F!$9%/!
"%/'(%+&"*&$!"'4!G*!,'1/*!<#7!,#&,*7&>!k*$$%&+!$#!B&#:!'!,'&2%2'$*!#&!$9%/!(*M*(!*&'G(*/!
G*$$*7!9%7%&+!2*,%/%#&/>!
!
./!<#7!$9*!Z1*/$%#&!O89'$!$4K*!#<!:#7B!:#1(2!4#1!<%&2!"#/$!%&/K%7%&+SR!:*L7*!&#$!/1++*/$%&+!
$9'$!4#1!/9#1(2!&*,*//'7%(4!*(%"%&'$*!'!,'&2%2'$*!G'/*2!#&!$9*!7*/K#&/*!$#!$9%/!Z1*/$%#&F!G1$!%$!
2#*/!+%M*!4#1!%&<#7"'$%#&!$#!,#&/%2*7>!I*$L/!/'4!$9'$!4#1L7*!%&$*7M%*:%&+!,'&2%2'$*/!<#7!'&!
',,#1&$%&+!X#G!'$!'!<%&'&,%'(!%&/$%$1$%#&!'&2!$9*!,'&2%2'$*!/$'$*/!$9'$!$9*!X#G!$9*4!:#1(2!<%&2!
!
]?!
!

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

"#/$!%&/K%7%&+!:#1(2!G*!:#7B%&+!:%$9!,9%(27*&m'!<'7!,74!<7#"!',,#1&$%&+>!d#*/!$9'$!"*'&!9*!
:#1(2!"'B*!'!K##7!',,#1&$'&$S!o#F!/#!$9%/!/$'$*"*&$!%/!&#$!'!<',$#7!$9'$!/9#1(2!*(%"%&'$*!$9%/!
,'&2%2'$*!'/!'!K#$*&$%'(!9%7*F!G1$!%<!4#1!9'M*!'&#$9*7!,'&2%2'$*!:9#!(#M*/!&1"G*7/!'&2!+%M*/!
*M%2*&,*!#<!$9'$F!$9*!('$$*7!"'4!G*!'!G*$$*7!<%$!%&!$*7"/!#<!X#G!/'$%/<',$%#&>!.!/$124!%&!$9*!]/-905>!
/F!Y/65.$/05>!M"85#$/9!,%$*2!'!K#/%$%M*!,#77*('$%#&!G*$:**&!*"#$%#&'(!%&$*((%+*&,*!'&2!X#G!
/'$%/<',$%#&>C!5*#K(*!:9#!'7*!'G(*!$#!'7$%,1('$*!:9'$!$4K*!#<!:#7B!$9*4!<%&2!%&/K%7%&+!'7*!
2*"#&/$7'$%&+!'!(*M*(!#<!':'7*&*//!$9'$!/9#1(2!G*!$'B*&!%&$#!,#&/%2*7'$%#&!:9*&!'//*//%&+!<%$>!

!
];!
!

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

N'/$*74!#<!517K#/*!'&2!^%/%#&-!='B%&+!.,$%#&/!=#:'72!c&*L/!
517K#/*!
,-"%.$/0%!./!1%%"%%!H5=$0D!16.$/0%!H/E59&!70"X%!A-94/%"!
!
?_!P#:!2%2!4#1!2*,%2*!#&!4#17!,9#/*&!<%*(2!#<!*&2*'M#7F!,#((*+*!"'X#7F!#7!(%&*!#<!:#7BS!!89'$!
%&<(1*&,*2!4#1S!89'$!',$%#&/!2%2!4#1!$'B*!$#!*&2!1K!%&!$9%/!<%*(2S!
;_!89'$!2#!4#1!(%B*!'G#1$!4#17!,9#/*&!<%*(2S!89'$!2#!4#1!2%/(%B*S!
C_! 89'$! ',$%#&/! 9'M*! 4#1! $'B*&! 7*('$*2! $#! 4#17! ,'7**7! $9'$! 4#1! '7*! K(*'/*2! 4#1! $##BS! 89'$!
K(*'/*/!4#1!'G#1$!4#17!',$%#&/S!
D_!P'M*!4#1!*M*7!K17/1*2!'!,'7**7"7*('$*2!+#'(F!K*79'K/!'!,7*2*&$%'(!#7!'!/K*,%<%,!X#GF!#&(4!$#!
2%/,#M*7!$9'$!:9*&!4#1!',9%*M*2!4#17!+#'(!4#1!:*7*!2%/'KK#%&$*2S!=*((!"*!'G#1$!$9'$>!
!
?"@!A/$0.%!./!B/0%$&"9!C8"0!1%%"%%$0D!10%E"9%!
!
)&$*7M%*:*7/! #7! 9%7%&+! "'&'+*7/! /9#1(2! '/B! ,'&2%2'$*/! $#! +%M*! $9*"! *M%2*&,*! #<! 2*(%G*7'$*!
',$%#&/!(*'2%&+!$#!/K*,%<%,!+#'(/!#7!X#G!K'$9/>!)&!K'7$%,1('7F!(##B!<#7!*M%2*&,*!#<!:9*&!,'&2%2'$*/!
$##B! ',$%#&/! $#:'72! /#"*$9%&+! $9*4! <#1&2! 2*/%7'G(*>! 8*! 7*,#+&%W*! $9'$! /#"*$%"*/! K*#K(*!
/%"K(4!O<'((!%&$#R!$9*!%2*'(!(%<*!K'$9>!H1$!#&,*!#&!$9*!%2*'(!K'$9F!:9'$!',$%#&/!2#*/!$9*!K*7/#&!
$'B*!$#!'2M'&,*!#&!$9%/!K'$9S!./!$9*!%&$*7M%*:*7!(##B/!<#7!/%+&/!#<!%&$7%&/%,!"#$%M'$%#&!$#:'72!
:#7BF!/9*!+'%&/!'!2**K*7!1&2*7/$'&2%&+!#<!$9*!,'&2%2'$*L/!:%((%&+&*//!$#!K17/1*!%&$*7*/$/!'&2!
+#'(/>! =9*! %&$*7M%*:*7! '(/#! 2%/,#M*7/! :9'$! $9*! ,'&2%2'$*! (%B*/! '&2! 2%/(%B*/>! c&*! ,'&2%2'$*!
%&2%,'$*2!$9'$!9*!:'/!(*'M%&+!'!K'7$%,1('7!X#G!G*,'1/*!9*!2%2&L$!*&X#4!%$i!4*$F!9*!:'/!'KK(4%&+!
<#7!*//*&$%'((4!$9*!/'"*!$4K*!#<!:#7B>!A#"*$9%&+!/**"*2!'"%//F!/#!$9*!%&$*7M%*:*7!K7*//*2!<#7!
"#7*!2*$'%(/>!)$!$17&/!#1$!$9'$!$9*!,'&2%2'$*!:'/!'/B*2!$#!(*'M*!9%/!X#G>!
!
8*!7*,#+&%W*!$9'$!/#"*$%"*/!K*#K(*!K*7<#7"!X#G/!X1/$!<#7!$9*!"#&*4>!j#G/!/#"*$%"*/!/*7M*!'/!
'!"*'&/!$#!'&!*&2F!:9%(*!$71*!<1(<%(("*&$!$'B*/!K(',*!*(/*:9*7*!%&!(%<*>!d*K*&2%&+!#&!$9*!
,'&2%2'$*L/!/%$1'$%#&F!9*!"'4!&#$!G*!/**B%&+!'&!%2*'(!X#G>!P#:*M*7F!#<$*&!$9*!,'&2%2'$*!,'&!
K7#M%2*!*M%2*&,*!#<!$'B%&+!',$%#&!$#:'72!9%/!K17K#/*>!c&*!,'&2%2'$*!'KK(4%&+!<#7!'!&%+9$"$17&!
K7#21,$%#&!X#G!K7#M%2*2!'!+##2!*T'"K(*>!89*&!'/B*2!O89'$!',$%#&/!9'M*!4#1!$'B*&!$#:'72!
4#17!,'7**7!$9'$!4#1!:*7*!K(*'/*2!4#1!$##BSR!$9*!,'&2%2'$*!'&/:*7*2F!O)L"!$'B%&+!#&*!7%+9$!
!
]C!
!

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

&#:!G4!'KK(4%&+!<#7!$9%/!X#G>!8%$9!$9%/!X#GF!)L((!G*!:#7B%&+!&%+9$!$17&F!'&2!$9'$!:%((!*&'G(*!"*!$#!
$'B*!,('//*/!217%&+!$9*!2'4!'&2!<%&%/9!"4!2*+7**>R!
!
89'$!'G#1$!$9*!9#'72/!#<!K*#K(*!:9#!<**(!/$1,B!%&!<%*(2/!$9*4!2#&L$!K'7$%,1('7(4!(%B*F!G1$!/$'4!
G*,'1/*!#<!+##2!K'4!#7!,#&M*&%*&$!9#17/F!#7!/#"*!#$9*7!K*7/#&'(!7*'/#&S!A9#1(2!$9*4!'((!G*!
:7%$$*&!#<<!'$!$9%/!/$'+*!#<!$9*!%&$*7M%*:!K7#,*//S!o#>!=9*!*&$%7*!%&$*7M%*:!K7#,*//!(##B/!<#7!$9*!
G*/$!,'&2%2'$*!<#7!$9*!X#G!#&!"'&4!2%<<*7*&$!(*M*(/>!=9*/*!Z1*/$%#&/!/%"K(4!9*(K!$#!2*$*7"%&*!
K#$*&$%'(!<%$!'&2!/'$%/<',$%#&>!=9*!%&$*7M%*:*7!#7!9%7%&+!"'&'+*7!"'4!<%&2!$9'$!$9*/*!Z1*/$%#&/!
G*$$*7!/*7M*!/#"*!X#G/!'&2!&#$!#$9*7/>!.($*7&'$%M*(4F!$9*!%&$*7M%*:*7!"'4!'/B!/#"*!+*&*7'(!
Z1*/$%#&/!$#!2*$*7"%&*!<%$>!89*&!+%M*&!$9*!#KK#7$1&%$4F!%&$*7M%*:*7/!#7!9%7%&+!"'&'+*7/!:9#!
9%7*!<#7!/B%((!50&!<%$!/*7M*!$9*!#7+'&%W'$%#&!G*$$*7!%&!$9*!(#&+!71&>!

!
]D!
!

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

N'/$*74!#<!517K#/*!'&2!^%/%#&-!.1$9*&$%,%$4!!
,-"%.$/0%!./!1%%"%%!1-.8"0.$6$.@!
!
?_!d*/,7%G*!'!/%$1'$%#&!:9*7*!4#1!<#1&2!4#17/*(<!%&!'!M'(1*/!,#&<(%,$>!89'$!2%2!4#1!2#S!
;_!=*((!"*!'G#1$!'!/%$1'$%#&!'$!:#7B!:9*7*!4#1!<*($!$9'$!4#1!9'2!$#!,#"K7#"%/*!4#17!G*(%*</!#7!
M'(1*/>!
C_!d*/,7%G*!'!$%"*!:9*&!4#1!<*($!M*74!/$7#&+(4!'G#1$!/#"*$9%&+!$9'$!9'KK*&*2!'$!:#7Bm
/#"*$9%&+!4#1!,#&/%2*7*2!$#!G*!'&!'<<7#&$!$#!4#17!M'(1*/>!89'$!2%2!4#1!2#S!
D_!=*((!"*!9#:!4#1!+'%&!K*#K(*L/!$71/$>!89'$!2#!4#1!2#S!89'$!',$%#&/!2%2!4#1!$'B*S!
E_!=*((!"*!'G#1$!'!$%"*!:9*&!4#1!(#/$!/#"*#&*L/!$71/$>!
]_!d*/,7%G*!9#:!4#1!B&#:!4#1!9'M*!9#&#7*2!$9*!,#""%$"*&$/!$9'$!4#1LM*!"'2*!$#!#$9*7/>!
`_!=*((!"*!'G#1$!'!$%"*!:9*&!4#1!<'%(*2!$#!9#&#7!'!,#""%$"*&$>!
a_!P'/!$9*7*!*M*7!G**&!'!$%"*!:9*&!4#1!K7#"%/*2!/#"*$9%&+!'$!:#7B!'&2!:*7*!1&'G(*!$#!
2*(%M*7!%$S!P#:!2%2!4#1!<**(!'G#1$!$9'$S!
b_!=*((!"*!'G#1$!'!$%"*!:9*&!4#1!2%2!(*//!$9'&!4#17!<'%7!/9'7*!'$!:#7B!#7!4#1!+#$!#1$!#<!'!
2%<<%,1($!'//%+&"*&$>!P#:!2%2!4#1!<**(!'G#1$!$9'$S!
!
?"@!A/$0.%!./!B/0%$&"9!C8"0!1%%"%%$0D!10%E"9%!
!
=9*!Z1*/$%#&/!'G#1$!M'(1*/!,#&<(%,$/!'&2!,#"K7#"%/*2!G*(%*</!K7#21,*!1/*<1(!2'$'>!./!$9*!
%&$*7M%*:*7F!4#1L((!:'&$!$#!(%/$*&!$#!$9*!,'&2%2'$*L/!:%((%&+&*//!$#!$*((!4#1!$9*!$71$9>!A17*F!
*M*74#&*!:'&$/!$#!K7*/*&$!9%"/*(<!'/!'!$*'"!K('4*7F!G1$!:9'$!%/!$9*!,'&2%2'$*!:%((%&+!$#!
2%/,(#/*S!k*&*7'((4F!K*#K(*!:9#!<**(!/$7#&+(4!'G#1$!$9*%7!M'(1*/!,'&!+%M*!'&!*T'"K(*>!=9*!
%&$*7M%*:*7!"1/$!7*<7'%&!<7#"!X12+%&+!$9*!,'&2%2'$*L/!M'(1*/>!@*"*"G*7F!$9*!%&$*&$%#&!#<!$9*/*!
Z1*/$%#&/!%/!$#!2*$*7"%&*!:9*$9*7!$9*!,'&2%2'$*!:%((!<%$!%&!$9*!9%7%&+!#7+'&%W'$%#&>!
!
89*&!,'&2%2'$*/!2%/,1//!9#:!$9*4!+'%&!$71/$F!(##B!<#7!/K*,%<%,!',$%#&/!#7!G*9'M%#7/>!5*#K(*!
!
]E!
!

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

/B%((*2!'$!G1%(2%&+!$71/$!2#!/#!G4!2*M*(#K%&+!7*('$%#&/9%K/F!(%/$*&%&+!$#!#$9*7/F!7*/K#&2%&+!:%$9!
*"K'$94F!+*&1%&*(4!/#(%,%$%&+!%&K1$!<7#"!#$9*7/F!'&2F!#<!,#17/*F!,#&$7%G1$%&+!<'%7(4>!J'%7!'&2!
*Z1'(!,#&$7%G1$%#&/!'$!:#7BF!"*'/17*2!G4!<#((#:%&+!$97#1+9!:%$9!K7#"%/*2!'&2!'//%+&*2!:#7B!
'&2!9#&#7%&+!,#""%$"*&$/F!(*'2!$#!:#7BK(',*!$71/$>?Y!
!
N#/$!,'&2%2'$*/!<%&2!$9*!Z1*/$%#&!O=*((!"*!'G#1$!'!$%"*!:9*&!4#1!(#/$!/#"*#&*L/!$71/$R!"#7*!
,9'((*&+%&+>!6'&2%2'$*/!'(/#!<%&2!O=*((!"*!'G#1$!'!$%"*!:9*&!4#1!2%2!(*//!$9'&!4#17!<'%7!/9'7*R!
2%<<%,1($!$#!'&/:*7>!=9*!%&$*7M%*:*7!"'4!9'M*!$#!K7%"*!$9*!,'&2%2'$*!$#!2%/,(#/*!$9%/!
%&<#7"'$%#&>!P#:*M*7F!%<!'!,'&2%2'$*!K7#M%2*/!'&!'&/:*7F!<#((#:!1K!:%$9!OP#:!2%2!4#1!<**(!
'G#1$!$9'$SR!c&*!,'&2%2'$*!/$'$*2!$9'$!9*!<*($!7*'((4!(1,B4!$#!+*$!#1$!#<!/#"*!2%<<%,1($!
'//%+&"*&$/>!89*&!$9*!%&$*7M%*:*7!K7#G*2F!/9*!:'/!$#(2F!O)!2#&L$!7*'((4!,'7*!$#!(*'7&!
/#"*$9%&+!$9'$!)L"!K7#G'G(4!&*M*7!+#%&+!$#!2#!'+'%&>R!=9'$!'&/:*7!"'4!G*!$71$9<1(F!/#!4#1!
9'M*!$#!G*!+7'$*<1(!$9'$!$9*!,'&2%2'$*!:'/!9#&*/$>!H1$!%<!$9*!X#G!<#7!:9%,9!4#1L7*!%&$*7M%*:%&+!
,'&2%2'$*/!7*Z1%7*/!$9*!,'&2%2'$*!$#!(*'7&!&*:!$9%&+/!$9'$!9*!"'4!&#$!1/*!#&!'!2'%(4!G'/%/F!<%$!
G*,#"*/!$9*!%//1*>!
!
)<!"'&%K1('$%#&!'&2!2*,*%$!'7*!'!,'&2%2'$*L/!/$7#&+!K#%&$/F!%$L/!1&(%B*(4!$9'$!$9*/*!Z1*/$%#&/!:%((!
K7#M*!1/*<1(>!8*LM*!2*M#$*2!69'K$*7!?Y!$#!2%/,1//%&+!$9%/!K7#G(*">!
!
!
!
!
!
!
!
!
!
!
qq!!&2!#<!d#,1"*&$!qq!
!
]]!
!

You might also like