!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
"#$%&!'#()*+!,-.)/0!.$1!2-$/.)!3))$-%%4!5$!67*1-$+-89.%-1!5::;<.+0!=<;!>/./-!'<)*+?!
!
!
!
!"#$"%&'()*+"%*,'$-./0$12*3'%10%)*4"5'67*
!
!
!
!
!
!
!
!
!
=6;6/>6+"#?"#$%&"
"
"
"
8(+"577-,-()5:"-)0(+/5,-()"@:65*6";(),5;,A""
"
0-+65+/;()*(+,-./BC/5-:D;(/""
!"#$%&"'()*(+,-./"0(+"1-*2345*67"8-+65+/"9(:-;<""
!"##$%&'
'
!"#$%&'(&)*+,-$.&)$/+(0123(#4$5+)#3)-$6&7+89$:%&'(&)*+,-;$+'87,4#($*"#$'3*+&'<($7#34+'=$
)#(#3)8"#)(>$?)38*+*+&'#)(>$3'4$34@&83*#($+'$=,'$@+&7#'8#$?)#@#'*+&'$3'4$-#'*37$"#37*"A$B'$
C3)8"$&.$DEFG>$-#-H#)($&.$*"#$%&'(&)*+,-$-#*$.&)$3$*I&1439$8&'.#)#'8#$*&$4+(8,(($
)#(#3)8"$#@+4#'8#$3'4$+4#'*+.9$3)#3($&.$8&'(#'(,(A$$!"+($+'+*+37$-##*+'=$)#(,7*#4$+'$3$
8&--+*-#'*$*&$34@3'8#$#@+4#'8#1H3(#4$=,'$@+&7#'8#$?)#@#'*+&'$?&7+89$)#8&--#'43*+&'($
*")&,="$*"#$'#I79$.&)-#4$%&'(&)*+,-A$$
$
J"+7#$-,8"$&.$*"#$'3*+&'37$4+37&=,#$3)&,'4$)#8#'*$-3(($("&&*+'=($"3($.&8,(#4$&'$*"#$
)#73*+&'("+?$H#*I##'$-#'*37$+77'#(($3'4$@+&7#'8#>$*"#$#@+4#'8#$("&I($*"3*$*"#$73)=#$
-3K&)+*9$&.$?#&?7#$I+*"$-#'*37$+77'#(($4&$'&*$#'=3=#$+'$@+&7#'8#$3=3+'(*$&*"#)($3'4$-&(*$
@+&7#'8#$+($83,(#4$H9$.38*&)($&*"#)$*"3'$-#'*37$+77'#((A$$L&I#@#)>$)#(#3)8"$(,==#(*($*"3*$3*$
8#)*3+'$*+-#(>$(,8"$3($*"#$?#)+&4$(,))&,'4+'=$3$?(98"+3*)+8$"&(?+*37+M3*+&'$&)$.+)(*$#?+(&4#$
&.$?(98"&(+(>$(-377$(,H=)&,?($&.$+'4+@+4,37($I+*"$(#)+&,($-#'*37$+77'#(($3)#$3*$#7#@3*#4$)+(0$
&.$@+&7#'8#A$$B'$344+*+&'>$-#'*37$+77'#((#($(,8"$3($4#?)#((+&'$(+='+.+83'*79$+'8)#3(#$*"#$)+(0$
&.$(,+8+4#>$I"+8"$388&,'*($.&)$-&)#$*"3'$"37.$&.$=,'$4#3*"($+'$*"#$N'+*#4$O*3*#($#38"$9#3)A$$$
$
P+@#'$*"#$"#+="*#'#4$)+(0$&.$@+&7#'8#$*&I3)4$(#7.$3'4$&*"#)($+'$*"#$?#)+&4$(,))&,'4+'=$
?(98"+3*)+8$"&(?+*37+M3*+&'(>$*"#$%&'(&)*+,-$)#8&--#'4($*"3*$8,))#'*$(*3*#$73I($H#$
(*)#'=*"#'#4$*&$+'87,4#$3$*#-?&)3)9$.+)#3)-$?)&"+H+*+&'$.&77&I+'=$("&)*1*#)-$+'@&7,'*3)9$
"&(?+*37+M3*+&'A$$Q*$*"#$(3-#$*+-#>$"&I#@#)>$I#$"3@#$8&'87,4#4$*"3*$)3*"#)$*"3'$.&8,(+'=$
?)+-3)+79$&'$-#'*37$"#37*">$.,*,)#$=,'$@+&7#'8#$?)#@#'*+&'$?&7+89$#..&)*($("&,74$.&8,($&'$
?)#@#'*+'=$388#(($*&$.+)#3)-($H9$?#)(&'($#R"+H+*+'=$43'=#)&,($H#"3@+&)A$S@+4#'8#1H3(#4$
8)+*#)+3$("&I'$*&$+'8)#3(#$*"#$)+(0$&.$@+&7#'8#$("&,74$H#$,(#4$*&$4+(T,37+.9$+'4+@+4,37($
-##*+'=$*"&(#$8)+*#)+3$.)&-$?,)8"3(+'=$&)$?&((#((+'=$.+)#3)-(A$$B'$344+*+&'>$'#I$
-#8"3'+(-($*&$)#-&@#$.+)#3)-($.)&-$+'4+@+4,37($3*$+--#4+3*#$)+(0$&.$"3)-+'=$*"#-(#7@#($
&)$&*"#)($("&,74$H#$8)#3*#4A$B-?&)*3'*79>$(,88#((.,7$+-?7#-#'*3*+&'$&.$&,)$
)#8&--#'43*+&'($4#?#'4($&'$377$.+)#3)-$*)3'(.#)($)#T,+)+'=$3$H380=)&,'4$8"#80$,'4#)$
.#4#)37$73IA$$
$
!"#$%&'(&)*+,-$(,??&)*($*")##$4+(*+'8*$?3*"($.&)$+'*#)@#'*+&'$3*$*"#$(*3*#$7#@#7A$!"#$.+)(*$
8&'8#)'($3$'##4#4$#R?3'(+&'$&.$8,))#'*$(*3*#$-#'*37$"#37*"$.+)#3)-$4+(T,37+.+83*+&'$
?&7+8+#(A$!"#$(#8&'4$?3*"$#R?3'4($(*3*#$.+)#3)-$?)&"+H+*+&'($*&$+'87,4#$?#&?7#$I"&$-##*$
(?#8+.+8>$#@+4#'8#1H3(#4$8)+*#)+3$*"3*$#7#@3*#$*"#+)$)+(0$&.$8&--+**+'=$@+&7#'8#A$!"#$*"+)4$
+'*)&4,8#($3$'#I$-#8"3'+(-$*&$)#-&@#$.+)#3)-($.)&-$+'4+@+4,37($I"&$?&(#$3$(#)+&,($)+(0$
&.$"3)-$*&$(#7.$&)$&*"#)(A$J+*"$*"+($*")##.&74$3??)&38"$I#$&..#)$?&7+89$-30#)($3$I39$
.&)I3)4$*"3*$+($+'.&)-#4$H9$*"#$H#(*$3@3+73H7#$#@+4#'8#>$-#3'+'=.,7$.&)$*"#$@+8*+-($3'4$
.3-+7+#($3..#8*#4$H9$=,'$@+&7#'8#>$3'4$)#(?#8*.,7$&.$+'4+@+4,37($I+*"$-#'*37$+77'#(($3'4$*"#+)$
83)#$?)&@+4#)(A$$
$
2
!"#$%%"&'()*$&+,-.+/011"&)+2)()"+3(4+25$03'+6"+2)1"&7)5"&"'+)$+)"%8$1(1*39+
81$5*6*)+*&'*:*'0(32+;1$%+801#5(2*&7+$1+8$22"22*&7+;*1"(1%2+(;)"1+(+25$1)<)"1%+
*&:$30&)(19+5$28*)(3*=()*$&>+/$&#011"&)39?+)5"+81$#"22+;$1+1"2)$1*&7+;*1"(1%+1*75)2+
25$03'+6"+#3(1*;*"'+(&'+*%81$:"'>+
!
"#"!$%&%'(!()*+,-!'.&/%!.'0!,'12(,&%2*.!%'34*5&52,6!45*)272%2.1!2.-282-+&,(!95*3!
4+5/)&(2.1!*5!4*(('((2.1!925'&53(!&9%'5!&!()*5%:%'53!2.8*,+.%&56!)*(42%&,2;&%2*.#!
<)2(!45*)272%2*.!()*+,-!7'!45'-2/&%'-!*.!&!/,2.2/&,!92.-2.1!*9!-&.1'5!%*!(',9!*5!
-&.1'5!%*!*%)'5(#!!
"#=!>'(%*5&%2*.!*9!&.!2.-282-+&,?(!&72,2%6!%*!4+5/)&('!*5!4*(('((!&!925'&53!9*,,*02.1!&!
925'&53!-2(@+&,292/&%2*.!-+'!%*!3'.%&,!2,,.'((!()*+,-!7'!7&('-!*.!&.!'8&,+&%2*.!
76!&!@+&,292'-!/,2.2/2&.!&.-!&!92.-2.1!%)&%!%)'!4'%2%2*.'5!2(!+.,2A',6!%*!5',&4('!&.-!
45'('.%!&!-&.1'5!%*!(',9!*5!*%)'5(!2.!%)'!9*5'(''&7,'!9+%+5'#!!
!
!"#$%%"&'()*$&+,@.+A)()"2+25$03'+"&(#)+&"4+81$5*6*)*$&2+$&+*&'*:*'0(32B+(6*3*)9+)$+
801#5(2"+$1+8$22"22+(+;*1"(1%+)5()+1";3"#)+":*'"&#"<6(2"'+1*2C+$;+'(&7"1$02&"22>+++!
!
B+5!5'/*33'.-&%2*.(!9*5!.'0!%'34*5&56!925'&53!45*)272%2*.(!9*/+(!*.!15*+4(!&%!
)'21)%'.'-!52(A!*9!9+%+5'!82*,'./'C!
=#"!D.-282-+&,(!/*.82/%'-!*9!&!82*,'.%!32(-'3'&.*5#!
=#=!D.-282-+&,(!(+7E'/%!%*!&!%'34*5&56!-*3'(%2/!82*,'./'!5'(%5&2.2.1!*5-'5#!!
=#F!D.-282-+&,(!/*.82/%'-!*9!%0*!*5!3*5'!GHD!*5!GID(!2.!&!4'52*-!*9!928'!6'&5(#!!
=#J!D.-282-+&,(!/*.82/%'-!*9!%0*!*5!3*5'!32(-'3'&.*5!/523'(!2.8*,82.1!&!/*.%5*,,'-!
(+7(%&./'!2.!&!4'52*-!*9!928'!6'&5(#!
!
!"#$%%"&'()*$&+,D.+E":"3$8+(+%"#5(&*2%+)$+(0)5$1*="+3(4+"&;$1#"%"&)+$;;*#"12+)$+
1"%$:"+;*1"(1%2+45"&+)5"9+*'"&)*;9+2$%"$&"+45$+8$2"2+(&+*%%"'*()"+)51"()+$;+
5(1%+)$+2"3;+$1+$)5"12>+A)()"2+25$03'+(32$+81$:*'"+3(4+"&;$1#"%"&)+4*)5+(+%"#5(&*2%+
)$+1"F0"2)+(+4(11(&)+(0)5$1*=*&7+70&+1"%$:(3+45"&+)5"+1*2C+$;+5(1%+)$+2"3;+$1+$)5"12+
*2+#1"'*63"?+60)+&$)+*%%"'*()">+G&+(''*)*$&?+2)()"2+25$03'+#1"()"+(+&"4+#*:*3+
1"2)1(*&*&7+$1'"1+81$#"22+)$+(33$4+;(%*39+%"%6"12+(&'+*&)*%()"+8(1)&"12+)$+8")*)*$&+
)5"+#$01)+)$+(0)5$1*="+1"%$:(3+$;+;*1"(1%2+(&'+)"%8$1(1*39+81$5*6*)+;*1"(1%+
801#5(2"+(&'+8$22"22*$&+6(2"'+$&+(+#1"'*63"+1*2C+$;+8592*#(3+5(1%+)$+2"3;+$1+$)5"12?+
":"&+45"&+'$%"2)*#+:*$3"&#"+*2+&$)+(&+*220">+
!
F#"C!K+%)*52;'!,&0!'.9*5/'3'.%!%*!5'3*8'!1+.(!95*3!&.6!2.-282-+&,!0)*!4*('(!&.!
233'-2&%'!%)5'&%!*9!)&53!%*!(',9!*5!*%)'5(#!L&0!'.9*5/'3'.%!*992/'5(!&5'!0',,!
8'5('-!2.!%)'!M+('!*9!9*5/'N!/*.%2.++3O!&.-!3&6!&,(*!+('!52(AP,'%)&,2%6!
&(('((3'.%(!%*!E+-1'!%)'!52(A!*9!4&5%2/+,&5!(2%+&%2*.(#!D.!'3'51'./6!(2%+&%2*.(O!
%)2(!&+%)*52%6!/&.!7'!'Q'5/2('-!02%)*+%!&!0&55&.%#!
F#=C!R5'&%'!&!.'0!/282,!5'(%5&2.2.1!*5-'5!45*/'((!%*!&,,*0!4528&%'!/2%2;'.(!%*!4'%2%2*.!
%)'!/*+5%!%*!5'@+'(%!%)&%!1+.(!7'!%'34*5&52,6!5'3*8'-!95*3!&!9&32,6!3'37'5!*5!
2.%23&%'!4&5%.'5!0)*!4*('(!&!/5'-27,'!52(A!*9!)&53!%*!(',9!*5!*%)'5(#!<)2(!45*/'((!
()*+,-!3255*5!%)'!5'(%5&2.2.1!*5-'5!45*/'((!2.!3*(%!(%&%'(!&.-!2./,+-'!&!
%'34*5&56!!"#$%&'!!*5-'5!&(!0',,!&(!&!,*.1:%'53!*5-'5!2((+'-!&9%'5!&!)'&52.1!2.!
0)2/)!%)'!5'(4*.-'.%!)&-!&.!*44*5%+.2%6!%*!4&5%2/24&%'#!>'(4*.-'.%(!%*!&.!
3
!"#$"%&''($#%)*"!(+*%)*&'%,"!-$''%./(0%1&!2$0-$%3$')"4&0&0+%5"#$"%!"%/1356%
7&22%8$%,"!*&8&)$#%9"!:%,("-*4'&0+%40#%,!''$''&0+%+(0'%9!"%)*$%#("4)&!0%!9%)*$%
!"#$"%40#%"$;(&"$#%)!%"$2&0;(&'*%422%9&"$4":'%&0%)*$&"%,!''$''&!0%9!"%)*$%#("4)&!0%
!9%)*$%!"#$"<%=47%$09!"-$:$0)%!99&-$"'%'*!(2#%8$%482$%)!%"$;($')%4%74""40)%
)*"!(+*%)*&'%,"!-$''%)!%"$:!>$%+(0'%7*$0%)*$"$%&'%4%-"$#&82$%"&'?%!9%*4":%)*4)%&'%
0!)%&::$#&4)$<%
@<@A%B0-2(#$%#($%,"!-$''%,"!)$-)&!0'%9!"%499$-)$#%&0#&>&#(42'<%C,$-&9&-422DE%,"!>&#$%
"$',!0#$0)'%7&)*%40%!,,!")(0&)D%)!%,4")&-&,4)$%&0%4%*$4"&0+%49)$"%*4>&0+%)*$&"%
+(0'%"$:!>$#%8D%247%$09!"-$:$0)%.@<F6%!"%)*"!(+*%)*$%/135%,"!-$''%.@<G6%40#%
4''("$%,"!-$''$'%4"$%&0%,24-$%9!"%"$)("0&0+%422%"$:!>$#%+(0'%4)%)*$%-!0-2('&!0%!9%
)*$%)$:,!"4"D%,"!*&8&)&!0<%
4
!"#$%&'(#)%"*
!
"#$!%&'(&)*+,-!.&)!/+(0123($4!5+)$3)-!6&7+89!:%&'(&)*+,-;!+'87,4$(!*#$!'3*+&'<(!7$34+'=!
)$($3)8#$)(>!?)38*+*+&'$)(>!3'4!34@&83*$(!+'!=,'!@+&7$'8$!?)$@$'*+&'!3'4!-$'*37!#$37*#A!B'!
C3)8#!&.!DEFG>!-$-H$)(!&.!*#$!%&'(&)*+,-!-$*!.&)!3!*I&1439!8&'.$)$'8$!*&!4+(8,((!
$@+4$'8$>!+4$'*+.9!3)$3(!&.!8&'($'(,(>!3'4!.&)-,73*$!$@+4$'8$1H3($4!?&7+89!
)$8&--$'43*+&'(!*&!?)$@$'*!=,'!@+&7$'8$A!"#+(!+'+*+37!-$$*+'=!I3(!3!(,88$((>!I+*#!&'$!
)$(,7*!H$+'=!3!8&--+*-$'*!*&!34@3'8$!$@+4$'8$1H3($4!=,'!@+&7$'8$!?)$@$'*+&'!?&7+89!
)$8&--$'43*+&'(!*#)&,=#!*#$!'$I79!.&)-$4!%&'(&)*+,-A!!
!
J#+7$!-,8#!&.!*#$!'3*+&'37!4+37&=,$!3)&,'4!)$8$'*!-3((!(#&&*+'=(!#3(!.&8,($4!&'!*#$!
)$73*+&'(#+?!H$*I$$'!-$'*37!+77'$((!3'4!@+&7$'8$>!*#$!)$($3)8#!$@+4$'8$!(#&I(!*#3*!*#$!
73)=$!-3K&)+*9!&.!?$&?7$!I+*#!-$'*37!+77'$((!4&!'&*!$'=3=$!+'!@+&7$'8$!3=3+'(*!&*#$)(!3'4!
-&(*!@+&7$'8$!+(!83,($4!H9!.38*&)(!&*#$)!*#3'!-$'*37!+77'$((AF>!D!L&I$@$)>!)$($3)8#!(,==$(*(!
*#3*!(-377!(,H=)&,?(!&.!+'4+@+4,37(!I+*#!($)+&,(!-$'*37!+77'$((>!+'87,4+'=!?(98#+3*)+8!
+'?3*+$'*(!3'4!+'4+@+4,37(!$M?$)+$'8+'=!.+)(*1$?+(&4$!?(98#&(+(>!3)$!3*!$7$@3*$4!)+(0!&.!
@+&7$'8$AG!B'!344+*+&'>!-$'*37!+77'$(($(!(,8#!3(!4$?)$((+&'!(+='+.+83'*79!+'8)$3($!*#$!)+(0!&.!
(,+8+4$>N>!O!I#+8#!388&,'*(!.&)!-&)$!*#3'!#37.!&.!=,'!4$3*#(!+'!*#$!P'+*$4!Q*3*$(!$38#!9$3)AR!
!
6&7+8+$(!*&!?)$@$'*!*#$!*)3=+8!*&77!&.!=,'!@+&7$'8$!&'!&,)!.3-+7+$(!3'4!8&--,'+*+$(!3)$!
=)$3*79!'$$4$4A!!6&7+89!3??)&38#$(!(#&,74!H$!$@+4$'8$1H3($4>!?)&-&*$!?,H7+8!(3.$*9>!3'4!
)$(?$8*!?$)(&'(!I+*#!-$'*37!+77'$((A!!"#$!%&'(&)*+,-!)$8&='+S$(!*#3*!@+&7$'8$!?)$@$'*+&'!
?&7+8+$(!*3)=$*+'=!H)&34!=)&,?(!&.!?$&?7$!I+*#!-$'*37!+77'$((!T!-&(*!&.!I#&-!I+77!'$@$)!H$!
@+&7$'*!T!8&,74!.,)*#$)!(*+=-3*+S$!*#&($!I+*#!-$'*37!+77'$((!3'4!?&*$'*+3779!8)$3*$!H3))+$)(!
*&!-$'*37!#$37*#!*)$3*-$'*!($$0+'=AU1V!W+@$'!*#$!#$+=#*$'$4!)+(0!&.!@+&7$'8$!*&I3)4!($7.!3'4!
&*#$)(!+'!*#$!?$)+&4!(,))&,'4+'=!?(98#+3*)+8!#&(?+*37+S3*+&'(>FE>!FF!*#$!%&'(&)*+,-!
)$8&--$'4(!*#3*!8,))$'*!(*3*$!73I(!H$!(*)$'=*#$'$4!*&!+'87,4$!3!*$-?&)3)9!.+)$3)-!
?)&#+H+*+&'!.&77&I+'=!(#&)*1*$)-!+'@&7,'*3)9!#&(?+*37+S3*+&'A!!"#+(!$M?3'4$4!?)&#+H+*+&'!
(#&,74!H$!388&-?3'+$4!H9!3'!+-?)&@$4!(*3*$!.+)$3)-!)$(*&)3*+&'!?)&8$((A!!!
!
"#$!%&'(&)*+,-!#3(!8&'87,4$4!*#3*!)3*#$)!*#3'!.&8,(+'=!?)+-3)+79!&'!-$'*37!+77'$((>!.,*,)$!
=,'!@+&7$'8$!?)$@$'*+&'!?&7+89!$..&)*(!(#&,74!.&8,(!&'!?)$@$'*+'=!388$((!*&!.+)$3)-(!H9!
?$)(&'(!$M#+H+*+'=!43'=$)&,(!H$#3@+&)A!!X@+4$'8$1H3($4!8)+*$)+3!(#&I'!*&!+'8)$3($!*#$!)+(0!
&.!@+&7$'8$!T!+'87,4+'=!(,+8+4$!T!(#&,74!H$!,($4!*&!4+(Y,37+.9!+'4+@+4,37(!-$$*+'=!*#&($!
8)+*$)+3!.)&-!?,)8#3(+'=!&)!?&(($((+'=!.+)$3)-(A!!B'!344+*+&'>!'$I!-$8#3'+(-(!*&!)$-&@$!
.+)$3)-(!.)&-!+'4+@+4,37(!?&(+'=!3'!+--$4+3*$!)+(0!&.!#3)-+'=!*#$-($7@$(!&)!&*#$)(!
(#&,74!H$!4$@$7&?$4A!
!
"#$!/&7$!&.!/$($3)8#!X@+4$'8$!
!
C3'9!)$8$'*!=,'!@+&7$'8$!?)$@$'*+&'!?&7+89!4+(8,((+&'(!#3@$!3((,-$4!3!4+)$8*!83,(37!
8&''$8*+&'!H$*I$$'!-$'*37!+77'$((!3'4!@+&7$'8$A!"#$!)$($3)8#!$@+4$'8$!(,==$(*(!*#3*!
@+&7$'8$!#3(!-3'9!+'*$)38*+'=!83,($(>!3'4!*#3*!-$'*37!+77'$((!37&'$!@$)9!)3)$79!83,($(!
@+&7$'8$AFD1FO!Z(!3!)$(,7*>!(*)3*$=+$(!*#3*!3+-!*&!?)$@$'*!=,'!@+&7$'8$!H9!.&8,(+'=!(&7$79!&'!
)$(*)+8*+'=!388$((!*&!=,'(!H9!*#&($!4+3='&($4!I+*#!3!-$'*37!+77'$((!3)$!,'7+0$79!*&!
(+='+.+83'*79!)$4,8$!&@$)377!)3*$(!&.!=,'!@+&7$'8$!+'!*#$!P'+*$4!Q*3*$(AFR>!FU!/$($3)8#!
5
!"#$!%&!'#('%!!$!$')*'#%+*,-'./01#&'$#21*3/!'2%$'.*1#&4'$#(&/((#*%(',!32,$#%3'3/%'"#*1!%&!'
.,!"!%)#*%5''
'
6%1!((')7!4'72"!'*)7!,',#(8'+2&)*,('+*,'"#*1!%&!9'#%$#"#$/21(':#)7'&*--*%'-!%)21'7!21)7'
&*%$#)#*%(9'(/&7'2('2%;#!)4'2%$'$!.,!((#*%9'2,!'%*)'-/&7'-*,!'1#8!14')*'0!'"#*1!%)')*:2,$'
*)7!,(')72%'#%$#"#$/21(':#)7*/)')7!(!'&*%$#)#*%(5<='>#-#12,149'-*()'.!*.1!':#)7'(!,#*/('
-!%)21'#11%!(('?':7#&7'#%&1/$!('&*%$#)#*%('(/&7'2('(&7#@*.7,!%#2'2%$'0#.*12,'$#(*,$!,'?'2,!'
%!"!,'"#*1!%)')*:2,$'*)7!,(9'2%$'2,!'#%'+2&)'-*,!'1#8!14')*'0!'"#&)#-(')72%'.!,.!),2)*,('*+'
"#*1!%&!5<ABC<'D*:!"!,9',!(!2,&7'(/33!()(')72)'(-211'(/0B3,*/.('*+'#%$#"#$/21(':#)7'(!,#*/('
-!%)21'#11%!((9'2)'&!,)2#%')#-!(9'(/&7'2(')7!'.!,#*$'(/,,*/%$#%3'2'.(4&7#2),#&'7*(.#)21#@2)#*%'
*,'+#,()'!.#(*$!'*+'.(4&7*(#(9'2,!'2)'!1!"2)!$',#(8'*+'"#*1!%&!5CC9'CE'F%'2$$#)#*%9')7!'.*./12)#*%'
:#)7'(!,#*/('-!%)21'#11%!(('!;.!,#!%&!('7#37',2)!('*+'&*B*&&/,,#%3'(/0()2%&!'/(!9CG9'CH'2%'
#-.*,)2%)',#(8'+2&)*,'+*,'"#*1!%)'0!72"#*,'#%')7!'3!%!,21'.*./12)#*%5CI'F-.*,)2%)149'*%14'2'
"!,4'(-211'.,*.*,)#*%'*+'"#*1!%&!'#%')7!'6%#)!$'>)2)!('?'20*/)'GJ'?'#('2)),#0/)201!')*'
-!%)21'#11%!((5CK'L7#1!')7#('#('1*:'#%',!12)#"!')!,-(9':!',!&*3%#@!')7!'),23#&'&*%(!M/!%&!('*+'
)7#(')4.!'*+'"#*1!%&!'+*,'"#&)#-(9'(/,"#"*,(9'2%$'(*&#!)45''
'
N/,,!%)'+!$!,21'12:'.,*7#0#)('.!,(*%(':7*'72"!'0!!%'#%"*1/%)2,#14'&*--#))!$')*'#%.2)#!%)'
.(4&7#2),#&'&2,!9'.!,(*%('+*/%$'#%&*-.!)!%)')*'()2%$'),#21'*,'2&M/#))!$'0!&2/(!'*+'(!,#*/('
-!%)21'#11%!((9'2%$'.!,(*%('.12&!$'/%$!,'&*%(!,"2)*,(7#.'0!&2/(!'*+'(!,#*/('-!%)21'#11%!(('
+,*-'72"#%3'2'3/%5C='O*'$2)!9'+!:',!(!2,&7'()/$#!('72"!'!;2-#%!$'7*:'3/%'"#*1!%&!'
.,!"!%)#*%'.*1#&#!('+*&/(#%3'*%'.!,(*%(':#)7'-!%)21'#11%!(('2++!&)',#(8'*+'&*--#))#%3'
"#*1!%&!')*:2,$'*)7!,('#%')7#('3,*/.5'P%!'()/$4'!;2-#%!$'7*:'#-.1!-!%)2)#*%'*+')7!'
+!$!,21'12:'#%'N*%%!&)#&/)'2++!&)!$'2,,!()('+*,'"#*1!%)'&,#-!'#%'2'&*7*,)'*+'-*,!')72%'CE9QQQ'
.!*.1!':#)7'(!,#*/('-!%)21'#11%!((5CA'>:2%(*%'2%$'&*11!23/!('&*%&1/$!$')72)'
#-.1!-!%)2)#*%'*+')7!'12:'1!$')*'2'(-211',!$/&)#*%'#%',#(8'*+'2,,!()'+*,'"#*1!%)'&,#-!'2-*%3'
.!,(*%('.,*7#0#)!$'+,*-'72"#%3'2'3/%'$/!')*'-!%)21'#11%!((5''D*:!"!,9')7!'!++!&)'*+')7!'12:'
*%'"#*1!%)'&,#-!'&*--#))!$'04'.!*.1!':#)7'(!,#*/('-!%)21'#11%!(('#%'N*%%!&)#&/)':2('
-#%#-215EQ''R#%!)4B(#;'.!,&!%)'*+'"#*1!%)'&,#-!('#%')7!'()/$4'.*./12)#*%':#)7'(!,#*/('-!%)21'
#11%!((':!,!'&*--#))!$'04'#%$#"#$/21(':7*'$#$'%*)'72"!'2'+!$!,21'-!%)21'7!21)7'+#,!2,-'
$#(M/21#+#&2)#*%'#%'!++!&)'2)')7!')#-!'*+')7!'&,#-!5E<''O7#('+#%$#%3'(/33!()(')72)'2',!"#!:'*+'
)7!'&/,,!%)'+#,!2,-'$#(M/21#+4#%3'&,#)!,#2'#('%!!$!$5''
'
>)2)!'12:(')*',!(),#&)'+#,!2,-'2&&!(('$/!')*'-!%)21'#11%!(('"2,45''S*()'()2)!'12:('21#3%':#)7'
+!$!,21'12:9'0/)'(!"!,21'()2)!('72"!'#-.1!-!%)!$'-!%)21'#11%!((B+*&/(!$'+#,!2,-'
.,*7#0#)#*%(')72)'2,!'(),#&)!,')72%'+!$!,21'12:5'T#"!%')7!',!(!2,&7'!"#$!%&!'(7*:#%3'
7!#37)!%!$',#(8'*+'"#*1!%&!')*:2,$'(!1+'2%$'*)7!,('#%')7!'.!,#*$'(/,,*/%$#%3'.(4&7#2),#&'
7*(.#)21#@2)#*%(9EC9'EE')7!'N*%(*,)#/-'72('&*%&1/$!$')72)'()2)!'12:('(7*/1$'+*&/('*%'
.,!"!%)#%3'2&&!((')*'+#,!2,-('$/,#%3')7#('.!,#*$5''U*,'!;2-.1!9'N21#+*,%#2'.,*7#0#)('
#%$#"#$/21(':7*'2,!'2$-#))!$')*'2'(7*,)B)!,-'#%"*1/%)2,4'7*(.#)21#@2)#*%EG'+,*-'
./,&72(#%3'*,'.*((!((#%3'2'+#,!2,-'+*,'+#"!'4!2,(5EH''
'
V1)7*/37')7!'./01#&'$#21*3/!'20*/)'-!%)21'#11%!(('2%$'"#*1!%&!'72('+*&/(!$'*%'"#*1!%&!'
)*:2,$'*)7!,(9'-!%)21'#11%!(('#('-/&7'-*,!'(),*%314'1#%8!$':#)7',#(8'*+'(/#&#$!5''W!.,!((#*%'
#(')7!'-!%)21'#11%!(('-*()'(),*%314'2((*&#2)!$':#)7',#(8'*+'(/#&#$!5EI''>/#&#$!'#(')7!'(!&*%$'
1!2$#%3'&2/(!'*+'$!2)7'2-*%3'4*/%3'2$/1)('23!$'CHBEG9'2%$')7!'<Q)7'1!2$#%3'&2/(!'*+'$!2)7'
6
!"#$%&!''&(")*+,!$-./0&&('12#3%2&"#-1&-3+,+4)&!11)"51-&4#&$#1&+$6#'6)&%3$-7&#6)*&2!'8&#8&
,#"5')1)4&-3+,+4)-&!*)&8+*)!*"&-3+,+4)-./9&&:6+4)$,)&-2#;-&12!1&<),!3-)&#8&12)&')12!'+1=&#8&
8+*)!*"-7&>?@&#8&8+*)!*"&-3+,+4)&!11)"51-&*)-3'1&+$&4)!12./>&A*+1+,!''=7&12)&"!B#*+1=&
C!55*#D+"!1)'=&E?@F&#8&%3$&4)!12-&+$&12)&G$+1)4&H1!1)-&!*)&-3+,+4)-.I?&J$&K?LL7&$)!*'=&
K?7???&5)#5')&4+)4&!-&!&*)-3'1&#8&8+*)!*"&-3+,+4)7&!'"#-1&1;+,)&!-&"!$=&!-&;)*)&M+'')4&!-&!&
*)-3'1&#8&8+*)!*"&2#"+,+4)&12!1&=)!*.IL&&
&
N#&4!1)7&!'"#-1&$#&-134+)-&2!6)&)D!"+$)4&2#;&%3$&6+#')$,)&5*)6)$1+#$&5#'+,+)-&1!*%)1+$%&
5)*-#$-&;+12&")$1!'&+''$)--&!88),1&-3+,+4).IK&O34;+%&!$4&A##M&CK???F&,#$43,1)4&*)-)!*,2&
-2#;+$%&12!1&12)&+"5')")$1!1+#$&#8&12)&P*!4=&O!;&+$&-1!1)-&;+12&;!+1+$%&5)*+#4-&8#*&!&%3$&
53*,2!-)&;!-&*)-5#$-+<')&8#*&!&E@&4),'+$)&+$&12)&-3+,+4)&*!1)&8#*&!43'1-&#6)*&!%)&QQ.I/&
R3'1+5')&*)-)!*,2&-134+)-&2!6)&-2#;$&12!1&)!-=&!,,)--&1#&8+*)!*"-&+$,*)!-)-&*+-M&#8&-3+,+4).&
IISE?&N2+-&8+$4+$%&-3%%)-1-&12!1&-1!1)&5#'+,+)-&12!1&*)-1*+,1&8+*)!*"&!,,)--&!"#$%&5)*-#$-&
;+12&")$1!'&+''$)--7&5!*1+,3'!*'=&12#-)&;+12&4)5*)--+#$7&,#3'4&2)'5&1#&5*)6)$1&-3+,+4).&&
&
J$&12)&'!*%)&"!B#*+1=&#8&,!-)-7&")$1!'&+''$)--&4#)-&$#1&')!4&1#&6+#')$,).EL&J$&,#$1*!-17&12)&
)6+4)$,)&-3%%)-1-&12!1&#12)*&8!,1#*-&T&+$,'34+$%&,#$6+,1+#$&8#*&6+#')$1&"+-4)")!$#*&
,*+")-7EK&5)*5)1*!1+#$&#8&4#")-1+,&6+#')$,)7E/SEQ&!',#2#'&!<3-)7EE7&E0&!$4&4*3%&!<3-)E9&!$4T&
-+%$+8+,!$1'=&+$,*)!-)&+$4+6+43!'-U&*+-M&#8&,#""+11+$%&8313*)&6+#')$,).&G-)&#8&12)-)&)6+4)$,)S
<!-)4&,*+1)*+!&1#&5*#2+<+1&8+*)!*"&53*,2!-)&!$4&5#--)--+#$&<=&+$4+6+43!'-&!1&2+%2&*+-M&#8&
,#""+11+$%&8313*)&6+#')$,)&+-&!&5*#"+-+$%&!6)$3)&8#*&%3$&6+#')$,)&5*)6)$1+#$&5#'+,=.&&N2)&
-1*#$%)-1&5*)4+,1#*&#8&8313*)&6+#')$,)&+-&5*+#*&6+#')$1&<)2!6+#*.E>7&0?&&N#&4!1)7&2#;)6)*7&8);&
"),2!$+-"-&)D+-1&1#&*)"#6)&8+*)!*"-&8*#"&+$4+6+43!'-&)D2+<+1+$%&4!$%)*#3-&<)2!6+#*.&&N2)&
A#$-#*1+3"&12)*)8#*)&*),#"")$4-&4)6)'#5")$1&#8&!&')%!'&"),2!$+-"&1#&1)"5#*!*+'=&
*)"#6)&8+*)!*"-&8*#"&+$4+6+43!'-&5#-+$%&!$&+"")4+!1)&4!$%)*&1#&-)'8&#*&#12)*-&8#*&!$=&
*)!-#$.&&&
!
N2)&V!12-&W#*;!*4X&&
&
N2)&A#$-#*1+3"&-355#*1-&12*))&4+-1+$,1&5!12-&8#*&+$1)*6)$1+#$&!1&12)&-1!1)&')6)'.&N2)&8+*-1&
,#$,)*$-&!&$))4)4&)D5!$-+#$&#8&,3**)$1&-1!1)&")$1!'&2)!'12&8+*)!*"&4+-Y3!'+8+,!1+#$&
5#'+,+)-.&N2)&-),#$4&5!12&)D5!$4-&-1!1)&8+*)!*"&5*#2+<+1+#$-&1#&+$,'34)&5)#5')&;2#&"))1&
-5),+8+,7&)6+4)$,)S<!-)4&,*+1)*+!&12!1&)')6!1)&12)+*&*+-M&#8&,#""+11+$%&6+#')$,).&N2)&12+*4&
+$1*#43,)-&!&$);&"),2!$+-"&1#&*)"#6)&8+*)!*"-&8*#"&+$4+6+43!'-&;2#&5#-)&!&-)*+#3-&*+-M&
#8&2!*"&1#&-)'8&#*&#12)*-.&Z+12&12+-&12*))8#'4&!55*#!,2&;)&#88)*&5#'+,=&"!M)*-&!&;!=&
8#*;!*4&12!1&+-&+$8#*")4&<=&12)&<)-1&!6!+'!<')&)6+4)$,)7&")!$+$%83'&8#*&12)&6+,1+"-&!$4&
8!"+'+)-&!88),1)4&<=&%3$&6+#')$,)7&!$4&*)-5),183'&#8&+$4+6+43!'-&;+12&")$1!'&+''$)--&!$4&12)+*&
,!*)&5*#6+4)*-.&&
&
7
!"#$%%"&'()*$&+,-.+/011"&)+2)()"+3(4+25$03'+6"+2)1"&7)5"&"'+)$+)"%8$1(1*39+
81$5*6*)+*&'*:*'0(32+;1$%+801#5(2*&7+$1+8$22"22*&7+;*1"(1%2+(;)"1+(+25$1)<)"1%+
*&:$30&)(19+5$28*)(3*=()*$&>+/$&#011"&)39?+)5"+81$#"22+;$1+1"2)$1*&7+;*1"(1%+1*75)2+
25$03'+6"+#3(1*;*"'+(&'+*%81$:"'!
!
"#"!$%&%'(!()*+,-!'.&/%!.'0!,'12(,&%2*.!%'34*5&52,6!45*)272%2.1!2.-282-+&,(!95*3!
4+5/)&(2.1!*5!4*(('((2.1!925'&53(!&9%'5!&!()*5%:%'53!2.8*,+.%&56!)*(42%&,2;&%2*.#!
<)2(!45*)272%2*.!()*+,-!7'!45'-2/&%'-!*.!&!/,2.2/&,!92.-2.1!*9!-&.1'5!%*!(',9!*5!
-&.1'5!%*!*%)'5(#!!
"#=!>'(%*5&%2*.!*9!&.!2.-282-+&,?(!&72,2%6!%*!4+5/)&('!*5!4*(('((!&!925'&53!9*,,*02.1!&!
925'&53!-2(@+&,292/&%2*.!-+'!%*!3'.%&,!2,,.'((!()*+,-!7'!7&('-!*.!&.!'8&,+&%2*.!
76!&!@+&,292'-!/,2.2/2&.!&.-!&!92.-2.1!%)&%!%)'!4'%2%2*.'5!2(!+.,2A',6!%*!5',&4('!&.-!
45'('.%!&!-&.1'5!%*!(',9!*5!*%)'5(!2.!%)'!9*5'(''&7,'!9+%+5'#!!
!
!"#$%%"&'()*$&+,@.+A)()"2+25$03'+"&(#)+&"4+81$5*6*)*$&2+$&+*&'*:*'0(32B+(6*3*)9+)$+
801#5(2"+$1+8$22"22+(+;*1"(1%+)5()+1";3"#)+":*'"&#"<6(2"'+1*2C+$;+'(&7"1$02&"22>+++!
!
B+5!5'/*33'.-&%2*.(!9*5!.'0!%'34*5&56!925'&53!45*)272%2*.(!9*/+(!*.!15*+4(!&%!
)'21)%'.'-!52(A!*9!9+%+5'!82*,'./'C!
=#"!D.-282-+&,(!/*.82/%'-!*9!&!82*,'.%!32(-'3'&.*5#!
=#=!D.-282-+&,(!(+7E'/%!%*!&!%'34*5&56!-*3'(%2/!82*,'./'!5'(%5&2.2.1!*5-'5#!!
=#F!D.-282-+&,(!/*.82/%'-!*9!%0*!*5!3*5'!GHD!*5!GID(!2.!&!4'52*-!*9!928'!6'&5(#!!
=#J!D.-282-+&,(!/*.82/%'-!*9!%0*!*5!3*5'!32(-'3'&.*5!/523'(!2.8*,82.1!&!/*.%5*,,'-!
(+7(%&./'!2.!&!4'52*-!*9!928'!6'&5(#!
!
!"#$%%"&'()*$&+,D.+E":"3$8+(+%"#5(&*2%+)$+(0)5$1*="+3(4+"&;$1#"%"&)+$;;*#"12+)$+
1"%$:"+;*1"(1%2+45"&+)5"9+*'"&)*;9+2$%"$&"+45$+8$2"2+(&+*%%"'*()"+)51"()+$;+
5(1%+)$+2"3;+$1+$)5"12>+A)()"2+25$03'+(32$+81$:*'"+3(4+"&;$1#"%"&)+4*)5+(+%"#5(&*2%+
)$+1"F0"2)+(+4(11(&)+(0)5$1*=*&7+70&+1"%$:(3+45"&+)5"+1*2C+$;+5(1%+)$+2"3;+$1+$)5"12+
*2+#1"'*63"?+60)+&$)+*%%"'*()">+G&+(''*)*$&?+2)()"2+25$03'+#1"()"+(+&"4+#*:*3+
1"2)1(*&*&7+$1'"1+81$#"22+)$+(33$4+;(%*39+%"%6"12+(&'+*&)*%()"+8(1)&"12+)$+8")*)*$&+
)5"+#$01)+)$+(0)5$1*="+1"%$:(3+$;+;*1"(1%2+(&'+)"%8$1(1*39+81$5*6*)+;*1"(1%+
801#5(2"+(&'+8$22"22*$&+6(2"'+$&+(+#1"'*63"+1*2C+$;+8592*#(3+5(1%+)$+2"3;+$1+$)5"12?+
":"&+45"&+'$%"2)*#+:*$3"&#"+*2+&$)+(&+*220">+
!
F#"C!K+%)*52;'!,&0!'.9*5/'3'.%!%*!5'3*8'!1+.(!95*3!&.6!2.-282-+&,!0)*!4*('(!&.!
233'-2&%'!%)5'&%!*9!)&53!%*!(',9!*5!*%)'5(#!L&0!'.9*5/'3'.%!*992/'5(!&5'!0',,!
8'5('-!2.!%)'!M+('!*9!9*5/'N!/*.%2.++3O!&.-!3&6!&,(*!+('!52(AP,'%)&,2%6!
&(('((3'.%(!%*!E+-1'!%)'!52(A!*9!4&5%2/+,&5!(2%+&%2*.(#!D.!'3'51'./6!(2%+&%2*.(O!
%)2(!&+%)*52%6!/&.!7'!'Q'5/2('-!02%)*+%!&!0&55&.%#!
F#=C!R5'&%'!&!.'0!/282,!5'(%5&2.2.1!*5-'5!45*/'((!%*!&,,*0!4528&%'!/2%2;'.(!%*!4'%2%2*.!
%)'!/*+5%!%*!5'@+'(%!%)&%!1+.(!7'!%'34*5&52,6!5'3*8'-!95*3!&!9&32,6!3'37'5!*5!
2.%23&%'!4&5%.'5!0)*!4*('(!&!/5'-27,'!52(A!*9!)&53!%*!(',9!*5!*%)'5(#!<)2(!45*/'((!
()*+,-!3255*5!%)'!5'(%5&2.2.1!*5-'5!45*/'((!2.!3*(%!(%&%'(!&.-!2./,+-'!&!
%'34*5&56!!"#$%&'!!*5-'5!&(!0',,!&(!&!,*.1:%'53!*5-'5!2((+'-!&9%'5!&!)'&52.1!2.!
0)2/)!%)'!5'(4*.-'.%!)&-!&.!*44*5%+.2%6!%*!4&5%2/24&%'#!>'(4*.-'.%(!%*!&.!
8
!"#$"%&''($#%)*"!(+*%)*&'%,"!-$''%./(0%1&!2$0-$%3$')"4&0&0+%5"#$"%!"%/1356%
7&22%8$%,"!*&8&)$#%9"!:%,("-*4'&0+%40#%,!''$''&0+%+(0'%9!"%)*$%#("4)&!0%!9%)*$%
!"#$"%40#%"$;(&"$#%)!%"$2&0;(&'*%422%9&"$4":'%&0%)*$&"%,!''$''&!0%9!"%)*$%#("4)&!0%
!9%)*$%!"#$"<%=47%$09!"-$:$0)%!99&-$"'%'*!(2#%8$%482$%)!%"$;($')%4%74""40)%
)*"!(+*%)*&'%,"!-$''%)!%"$:!>$%+(0'%7*$0%)*$"$%&'%4%-"$#&82$%"&'?%!9%*4":%)*4)%&'%
0!)%&::$#&4)$<%
@<@A%B0-2(#$%#($%,"!-$''%,"!)$-)&!0'%9!"%499$-)$#%&0#&>&#(42'<%C,$-&9&-422DE%,"!>&#$%
"$',!0#$0)'%7&)*%40%!,,!")(0&)D%)!%,4")&-&,4)$%&0%4%*$4"&0+%49)$"%*4>&0+%)*$&"%
+(0'%"$:!>$#%8D%247%$09!"-$:$0)%.@<F6%!"%)*"!(+*%)*$%/135%,"!-$''%.@<G6%40#%
4''("$%,"!-$''$'%4"$%&0%,24-$%9!"%"$)("0&0+%422%"$:!>$#%+(0'%4)%)*$%-!0-2('&!0%!9%
)*$%)$:,!"4"D%,"!*&8&)&!0<%
9
!"#$%%"&'()*$&+,-.+/011"&)+2)()"+3(4+25$03'+6"+2)1"&7)5"&"'+)$+)"%8$1(1*39+
81$5*6*)+*&'*:*'0(32+;1$%+801#5(2*&7+$1+8$22"22*&7+;*1"(1%2+(;)"1+(+25$1)<)"1%+
*&:$30&)(19+5$28*)(3*=()*$&>+/$&#011"&)39?+)5"+81$#"22+;$1+1"2)$1*&7+;*1"(1%+1*75)2+
25$03'+6"+#3(1*;*"'+(&'+*%81$:"'>+
!
"#"!$%&%'(!()*+,-!'.&/%!.'0!,'12(,&%2*.!%'34*5&52,6!45*)272%2.1!2.-282-+&,(!95*3!
4+5/)&(2.1!*5!4*(('((2.1!925'&53(!&9%'5!&!()*5%:%'53!2.8*,+.%&56!)*(42%&,2;&%2*.#!
<)2(!45*)272%2*.!()*+,-!7'!45'-2/&%'-!*.!&!/,2.2/&,!92.-2.1!*9!-&.1'5!%*!(',9!*5!
-&.1'5!%*!*%)'5(#!!
"#=!>'(%*5&%2*.!*9!&.!2.-282-+&,?(!&72,2%6!%*!4+5/)&('!*5!4*(('((!&!925'&53!9*,,*02.1!&!
925'&53!-2(@+&,292/&%2*.!-+'!%*!3'.%&,!2,,.'((!()*+,-!7'!7&('-!*.!&.!'8&,+&%2*.!
76!&!@+&,292'-!/,2.2/2&.!&.-!&!92.-2.1!%)&%!%)'!4'%2%2*.'5!2(!+.,2A',6!%*!5',&4('!&.-!
45'('.%!&!-&.1'5!%*!(',9!*5!*%)'5(!2.!%)'!9*5'(''&7,'!9+%+5'#+
+
!"#$%%"&'()*$&+->-.+@)()"2+25$03'+"&(#)+&"4+3"7*23()*$&+)"%8$1(1*39+81$5*6*)*&7+
*&'*:*'0(32+;1$%+801#5(2*&7+$1+8$22"22*&7+;*1"(1%2+(;)"1+(+25$1)<)"1%+*&:$30&)(19+
5$28*)(3*=()*$&>+A5*2+81$5*6*)*$&+25$03'+6"+81"'*#()"'+$&+(+#3*&*#(3+;*&'*&7+$;+'(&7"1+
)$+2"3;+$1+$)5"12>+
+
$)*5%:%'53!2.8*,+.%&56!)*(42%&,2;&%2*.!%642/&,,6!*//+5(!02%)*+%!&!B+-2/2&,!*5!&-32.2(%5&%28'!
*5-'5!9*5!/282,!/*332%3'.%#!C%!2(!%5211'5'-!76!%)'!92.-2.1!*9!&!3'.%&,!)'&,%)!45&/%2%2*.'5!*5!
*%)'5!&+%)*52;'-!4'5(*.!%)&%!&.!2.-282-+&,!2(!&!-&.1'5!%*!(',9!*5!*%)'5(D!&,,*02.1!%)'!
2.-282-+&,!%*!7'!%5&.(4*5%'-!9*5!'8&,+&%2*.!&.-!(+7('@+'.%,6!&-32%%'-!%*!&.!2.4&%2'.%!
4(6/)2&%52/!+.2%!9*5!2.8*,+.%&56!/&5'#!!
!
E8'56!(%&%'!/+55'.%,6!)&(!&!45*/'((!2.!4,&/'!%)&%!-',2.'&%'(!%)'!92.-2.1(!&.-!45*/'-+5'(!9*5!
()*5%:%'53!2.8*,+.%&56!)*(42%&,2;&%2*.!0)'.!&!4'5(*.!2(!-'%'532.'-!%*!7'!&!-&.1'5!%*!(',9!
*5!%*!*%)'5(#!F'!7',2'8'!%)&%!()*5%:%'53!2.8*,+.%&56!)*(42%&,2;&%2*.!2(!&!3'&.2.19+,!&.-!
5',2&7,'!2.-2/&%*5!*9!&.!2.-282-+&,?(!-&.1'5*+(.'((!&.-!5'/*33'.-!%)&%!(%&%'(!234,'3'.%!&!
%'34*5&56!925'&53!45*)272%2*.!*9!928'!6'&5(!9*,,*02.1!&.!2.-282-+&,?(!&-32((2*.!%*!()*5%:
%'53!2.8*,+.%&56!)*(42%&,2;&%2*.#!!
!
F'!5'/*33'.-G!
!
H!4'5(*.!()*+,-!7'!-2(@+&,292'-!9*5!928'!6'&5(!+.-'5!(%&%'!,&0G!I&J!29!%)'!4'5(*.!0&(!
&-32%%'-!%*!*5!-'%&2.'-!2.!&!3'.%&,!)'&,%)!9&/2,2%6!9*5!'3'51'./6!%5'&%3'.%!7&('-!*.!&!
/,2.2/&,!'8&,+&%2*.!/*.-+/%'-!76!&!3'.%&,!)'&,%)!45&/%2%2*.'5!0)*!)&(!(%&%+%*56!&+%)*52%6!
%*!2.2%2&%'!%)'!45*/'((!*9!2.8*,+.%&56!)*(42%&,2;&%2*.K!&.-!I7J!29!%)'!/282,!/*332%3'.%!
/52%'52&!0'5'!/*.9253'-!76!%)'!&!4)6(2/2&.!+4*.!&-32((2*.!%*!%)'!3'.%&,!)'&,%)!9&/2,2%6#++
!
<)2(!'L4&.(2*.!*9!%)'!3'.%&,!)'&,%)!-2(@+&,292/&%2*.!2(!/*.%2.1'.%!+4*.!(%&%'(!&,(*!)&82.1!&!
3'&.2.19+,!&.-!/,2.2/&,,6!2.9*53'-!5'(%*5&%2*.!(%&.-&5-!9*5!2.-282-+&,(!0)*!&5'!(+7B'/%!%*!
%)2(!%'34*5&56!45*)272%2*.#!<)'!M*.(*5%2+3?(!5'/*33'.-&%2*.!9*5!5'(%*5&%2*.!9*,,*02.1!&!
()*5%:%'53!2.8*,+.%&56!)*(42%&,2;&%2*.!/&.!7'!9*+.-!*.!4&1'!"N!*9!%)2(!5'4*5%#!!
!
10
!"#$#%&'%(%)*#'+&,-%,.%+"#%/,-'+&+*+&,-(0&+1%,.%(%+#23,$($1%.&$#($2%3$,"&4&+&,-%4('#5%,-%(%
3$,/#''%+"(+%5,#'%-,+%&-/0*5#%6*5&/&(0%,$%(52&-&'+$(+&7#%$#7&#89%!"#%:;;<%=*3$#2#%>,*$+%
5#/&'&,-%!"#$%"&$'()'*(+,-."/'01'23++3%45%$#/,?-&@#5%(-%&-5&7&5*(0%$&?"+%+,%3,''#''%(%"(-5?*-%
&-%+"#%",2#%.,$%3*$3,'#'%,.%'#0.A5#.#-'#9B:%=*4'#)*#-+01C%+"#%D9=9%>,*$+%,.%E33#(0'%.,$%+"#%
F&$'+%>&$/*&+%&-%:;G;%5#/&5#5%6171'01'839+/:;3%4<='8"&/"%/"(00#-?#5%H(&-#I'%0,-?A'+(-5&-?C%
'+(+*+,$1%.&$#($2%3$,"&4&+&,-%(.+#$%#2#$?#-/1%&-7,0*-+($1%",'3&+(0&@(+&,-%.,$%2#-+(0%
&00-#''9%BJ%!"#%/,*$+%.,*-5%+"(+%3#$2(-#-+%.&$#($2%5&')*(0&.&/(+&,-%8&+",*+%6*5&/&(0%3$,/#''%
(.+#$%(%'",$+A+#$2%&-7,0*-+($&01%",'3&+(0&@(+&,-%8('%*-/,-'+&+*+&,-(09BK%L"&0#%-,+%/(00&-?%
&-+,%)*#'+&,-%+"#%3#$2(-#-+%5#3$&7(+&,-%,.%.&$#($2'%$&?"+'%(++(/"#5%+,%/&7&0%/,22&+2#-+%
.,00,8&-?%(%/,*$+%,$5#$C%+"#%/,*$+%-,+#5%+"#%&23,$+(-+%3$,/#5*$(0%5&..#$#-/#'%4#+8##-%/&7&0%
/,22&+2#-+%(-5%+#23,$($1%&-7,0*-+($1%",'3&+(0&@(+&,-9BMC%BB%!"#%/,*$+%-,+#5%+"(+%
839+/:;3%%8,*05%"(7#%4##-%(%5&..#$#-+%/('#%&.%+"#%.#5#$(0%2#-+(0%"#(0+"%3$,"&4&+&,-%&-%G<%
D9=9>9%N::O?P%(55$#''#5%Q#R%3($+#%",'3&+(0&@(+&,-'%(-5%3$,7&5#5%.,$%(%+#23,$($1%
'*'3#-'&,-%,.%+"#%$&?"+%+,%4#($%($2'%3#-5&-?%.*$+"#$%3$,/##5&-?'9%S+%/,*05%(0',%4#%5&..#$#-+%
&.%'#/+&,-%N::%3#$2&++#5%,-#%+#23,$($&01%",'3&+(0&@#5%,-%(-%#2#$?#-/1%4('&'%+,%$#/,7#$C%,-%
$#(',-(40#%+#$2'C%(%'*'3#-5#5%$&?"+%+,%3,''#''%($2'%,-%(%'",8&-?%+"(+%"#%-,8%-,%0,-?#$%
3,'#5%(%$&'T%,.%5(-?#$9QB<%!"#%5#/&'&,-%&230&#'%+"(+%5#3$&7(+&,-'%,.%.&$#($2%$&?"+'%2(1%4#%
3#$2&''&40#%8&+",*+%.*00%5*#%3$,/#''%3$,+#/+&,-'%('%0,-?%('%+"#1%($#%+#23,$($1%,$%+"#%
3#$',-%2(1%'##T%(%"#($&-?9%
%
U*$%3,0&/1%$#/,22#-5(+&,-%/"(-?#'%.&$#($2%0(8'%+,%#R3(-5%+"#%2#-+(0%"#(0+"%.&$#($2%
5&')*(0&.&/(+&,-'%+,%/,7#$%'",$+A+#$2%#2#$?#-/1%",'3&+(0&@(+&,-'9%L#%"(7#%(55$#''#5%
/,-'+&+*+&,-(0%/,-/#$-'%&-%+"$##%8(1'9%F&$'+C%+"#%$#'+$&/+&,-%&'%0&2&+#5%+,%.&7#%1#($'V%&-%+"#%
(4'#-/#%,.%',2#%,+"#$%5&')*(0&.1&-?%#7#-+%,$%4#"(7&,$C%+"#%3#$',-I'%$&?"+'%8,*05%4#%
$#'+,$#5%&-%.&7#%1#($'%41%,3#$(+&,-%,.%0(89%=#/,-5C%+"#%+#23,$($1%$#'+$&/+&,-%,.%.&$#($2%
$&?"+'%8,*05%4#%3$#5&/(+#5%*3,-%/,230&(-/#%8&+"%+"#%'+(+#I'%'+(+*+,$1%$#)*&$#2#-+'%.,$%
#2#$?#-/1%#7(0*(+&,-%(-5%*3,-%(%/0&-&/(0%.&-5&-?%41%(%3"1'&/&(-%*3,-%(52&''&,-%+,%+"#%
.(/&0&+1%+"(+%+"#%/,22&+2#-+%/$&+#$&(%($#%2#+9%!"&$5C%+"&'%+#23,$($1%$#'+$&/+&,-%,.%.&$#($2%
$&?"+'%8,*05%4#%(//,23(-&#5%41%(%.(&$%(-5%2#(-&-?.*0%,33,$+*-&+1%.,$%5&')*(0&.&#5%
&-5&7&5*(0'%+,%"(7#%+"#&$%$&?"+'%$#'+,$#5%(.+#$%(%,-#A1#($%8(&+&-?%3#$&,59%%%%
!
"#$%&&#'()*+%'!,-./!"#0*%1)*+%'!%2!)'!+'(+3+(4)560!)7+5+*8!*%!941$:)0#!%1!9%00#00!)!
2+1#)1&!2%55%;+'<!)!2+1#)1&!(+0=4)5+2+$)*+%'!(4#!*%!&#'*)5!+55'#00!0:%45(!7#!7)0#(!%'!
)'!#3)54)*+%'!78!)!=4)5+2+#(!$5+'+$+)'!)'(!%'!)!2+'(+'<!*:)*!*:#!9#*+*+%'#1!+0!4'5+>#58!
*%!1#5)90#!)'(!91#0#'*!)!()'<#1!*%!0#52!%1!%*:#10!+'!*:#!2%1#0##)75#!24*41#-!
%
W#/,22#-5(+&,-%G9:(X%W#'+,$(+&,-%(.+#$%(%>&7&0%>,22&+2#-+%%
%
!"#%/*$$#-+%.#5#$(0%'+(-5($5'%.,$%.&$#($2%$#'+,$(+&,-%.,00,8&-?%3$,"&4&+&,-%5*#%+,%2#-+(0%
&00-#''%8#$#%'#+%41%+"#%:;;B%Y(+&,-(0%S-'+(-+%>$&2&-(0%Z(/T?$,*-5%>"#/T%=1'+#2%OYS>=P%
S23$,7#2#-+%E/+9BN%!"#%YS>=%S23$,7#2#-+%E/+%2(-5(+#'%+"(+%.,$%'+(+#'%+,%$#/#&7#%?$(-+%
.*-5'%.$,2%+"#%.#5#$(0%?,7#$-2#-+%+"#1%2*'+%"(7#%(%$#'+,$(+&,-%3$,/#''%+"(+%3$,7&5#'%5*#%
3$,/#''%3$,+#/+&,-%(-5%[$#0&#.\%.$,2%+"#%.&$#($2%3$,"&4&+&,-%&.%[+"#%3#$',-I'%$#/,$5%(-5%
$#3*+(+&,-%($#%'*/"%+"(+%+"#%3#$',-%8&00%-,+%4#%0&T#01%+,%(/+%&-%(%2(--#$%5(-?#$,*'%+,%3*40&/%
'(.#+1%(-5%+"(+%+"#%?$(-+&-?%,.%+"#%$#0&#.%8,*05%-,+%4#%/,-+$($1%+,%+"#%3*40&/%&-+#$#'+9\<;%
11
!"#$#%$&'()'*)$%)+%(+&%*#,-.*#%'%$/#0.1.0%*#$&+*'&.+(%/*+0#$$2%3".0"%"'$%*#$-4&#)%.(%5'*.#)%
'//*+'0"#$%'6+(7%&"#%$&'&#$89:%%
%
!+%'$$-*#%'(%#11#0&.5#%*#$&+*'&.+(%/*+0#$$%3.&"%;-).0.'4%)-#%/*+0#$$%/*+&#0&.+($%.(%/4'0#2%3#%
)#5#4+/#)%*#$&+*'&.+(%4'(7-'7#%&"'&%+-&4.(#$%6.(.6-6%*#,-.*#6#(&$%1+*%$&'&#$%&+%'//4<%
3"#(%)#0.).(7%3"#&"#*%&+%*#$&+*#%'%/*+".=.&#)%/#*$+(>$%'=.4.&<%&+%4#7'44<%/-*0"'$#%'()%
/+$$#$$%1.*#'*6$8%?&'&#$%$"+-4)%0*'1&%&"#.*%*#$&+*'&.+(%/*+0#)-*#$%&+%.(04-)#%&"#$#%
*#,-.*#6#(&$%'()%6'<%'))%1-*&"#*%*#,-.*#6#(&$%&+%#($-*#%&"'&%+(4<%.().5.)-'4$%1.&%&+%
/+$$#$$%1.*#'*6$%0'(%"'5#%&"#.*%1.*#'*6$%#4.7.=.4.&<%*#$&+*#)8%%
%
@#)#*'4%4'3%/*+".=.&$%.().5.)-'4$%1+*6'44<%0+66.&&#)%+*%');-).0'&#)%&+%=#%)'(7#*+-$%1*+6%
1.*#'*6%/+$$#$$.+(8%%A()#*%&"#%BCD?%E0&2%&"#%)#5#4+/6#(&%'()%.6/4#6#(&'&.+(%+1%
*#$&+*'&.+(%/*+0#)-*#$%1+*%&"#$#%.().5.)-'4$%.$%4#1&%-/%&+%&"#%$&'&#$8%%E$%'%*#$-4&2%$&'&#$%6-$&%
'))*#$$%&"#%*#$&+*'&.+(%/*+0#)-*#$%1+*%.().5.)-'4$%3"+%1'44%3.&".(%&"#%1#)#*'4%).$,-'4.1.#*$%
'$%3#44%'$%.().5.)-'4$%3"+%1'44%3.&".(%$&'&#F4#5#4%).$,-'4.1.#*$8%%@+*%*#$&+*'&.+(%+1%*.7"&$%&+%'%
/#*$+(%$-=;#0&%&+%'%1#)#*'4%1.*#'*6%).$,-'4.1.0'&.+(%3#%*#0+66#()%-$#%1+44+3.(7%4'(7-'7#%
'$%'%6+)#4G%%
12
!"#$%%"&'"'(!")*$+,*-$&(.,&/0,/"(
!
"#$! %&'()#! %')*+,+-&.! /')0! %1'2*3(+#45! %)((&((+#4! )'! -'3#(%)'-+#4! /+'&3'0(! 61#.&'!
-*&! 3%%7+23,7&! (&2-+)#8! 03$5! #)! ())#&'! -*3#! )#&! $&3'! /)77)9+#4! *+(! '&7&3(&! /')0!
+#:)71#-3'$! 3.0+((+)#! -)! 3! /32+7+-$! )'! /')0! 3#! )'.&'! )/! 03#.3-)'$! )1-%3-+&#-!
-'&3-0&#-! 6)'! /')0! -*&! .3-&! )/! 3#$! )-*&'! .+(;137+/$+#4! 0&#-37! *&37-*! 3.<1.+23-+)#85!
%&-+-+)#!-*&!63%%7+23,7&!2)1'-!+#!-*&!2+-$!)'!2)1#-$!+#!9*+2*!*&!'&(+.&(8!-)!'&(-)'&!*+(!
'+4*-!-)!%1'2*3(&5!%)((&((!)'!-'3#(%)'-!3!/+'&3'0=!!
!
>*&!%&-+-+)#! (*377! ,&!322)0%3#+&.! ,$! 3#!)%+#+)#!)/!3!%($2*+3-'+(-!)'!7+2&#(&.!27+#+237!
%($2*)7)4+(-! 9+-*!3!.)2-)'37! .&4'&&!9*)!*3(! %&'()#377$!&:3713-&.!-*&! %&-+-+)#&'!3#.!
23#! 3--&(-! -*3-?! @+A! -*&! %&'()#! #)! 7)#4&'! 03#+/&(-(! -*&! ($0%-)0(! )/! 0&#-37! .+()'.&'!
-*3-! #&2&((+-3-&.! -*&! +#:)71#-3'$! 2)00+-0&#-! 6)'! )-*&'! .+(;137+/$+#4! 0&#-37! *&37-*!
3.<1.+23-+)#8!)'!-*3-!)-*&'9+(&!(+4#+/+23#-7$!&7&:3-&!-*&!'+(B!)/!*3'0!-)!(&7/!)'!)-*&'(C!
@++A! -*&! %&'()#! 3%%&3'(! -)! *3:&! 3.*&'&.! 2)#(+(-&#-7$! -)! -'&3-0&#-5! +/! (12*! -'&3-0&#-!
93(!'&2)00&#.&.5!/)'!3!(1,(-3#-+37!%&'+).!)/!-+0&!%'&2&.+#4!-*&!/+7+#4!)/!-*&!%&-+-+)#!
3#.! 03#+/&(-(! 3! 9+77+#4#&((! -)! 2)#-+#1&! -)! ,&! &#434&.! +#! -'&3-0&#-! 9+-*! 3#!
3%%')%'+3-&!0&#-37!*&37-*!%')/&((+)#375! +/! #&2&((3'$C! 3#.!@+++A!+/! )#4)+#4! -'&3-0&#-!+(!
#&2&((3'$5! 3.*&'&#2&! -)! -'&3-0&#-! +(! 7+B&7$! -)! 0+#+0+D&! -*&! '+(B! -*3-! -*&! %&'()#! 9+77!
'&73%(&!()!3(!-)!%'&(&#-!3!.3#4&'!-)!(&7/!)'!)-*&'(!+#!-*&!/)'&(&&3,7&!/1-1'&=!!
!
>*&! )%+#+)#! )/! -*&! 27+#+2+3#! (*377! ,&! 322)0%3#+&.! ,$! '&2)'.(! 3#.! +#/)'03-+)#!
2)#2&'#+#4! -*&! %&'()#E(! 0&#-37! *&37-*! 3#.! -'&3-0&#-! *+(-)'$5! +/! 3#$5! +#271.+#4!
3.*&'&#2&!-)!'&2)00&#.&.!-'&3-0&#-5!*+(-)'$!)/!(1+2+.&!3#.!%'+)'!:+)7&#2&5!*+(-)'$!)/!
1(&! )/! /+'&3'0(! 3#.! )-*&'! 9&3%)#(5! *+(-)'$! )/! 1(&! )/! 372)*)7! 3#.! )-*&'! .'14(5! 3#.!
*+(-)'$! )/! 2'+0+#37! <1(-+2&! +#:)7:&0&#-=! F/! -*&! (-3-&! '&;1&(-(! 3#! +#.&%&#.&#-! 27+#+237!
&:3713-+)#!)/! -*&! %&-+-+)#&'5!-*&! 2)1'-! (*377!3%%)+#-!3!%($2*+3-'+(-!)'!7+2&#(&.! 27+#+237!
%($2*)7)4+(-! -)! 2)#.12-! (12*! 3#! &:3713-+)#=! "/-&'! 2)0%7&-+)#! )/! -*&! +#.&%&#.&#-!
&:3713-+)#5! +/! )#&!*3(! ,&&#! )'.&'&.5!3#.! 1%)#!-*&!'&;1&(-! )/!&+-*&'!-*&!%&-+-+)#&'! )'!
-*&!(-3-&5!-*&!2)1'-!(*377!2)#.12-!3!*&3'+#4=!!
!
F/5! 3/-&'! '&2&+:+#4! 3#.! 2)#(+.&'+#4! -*&! )%+#+)#(! )/! -*&! &:3713-+#4! 27+#+2+3#@(A5!
322)0%3#$+#4! '&2)'.(5! 3#.! )-*&'! '&7&:3#-! &:+.&#2&5! -*&! 2)1'-! 6)'! )-*&'! 4):&'#+#4!
31-*)'+-$8!/+#.(5!,$!3!%'&%)#.&'3#2&!)/!-*&!&:+.&#2&5!-*3-?!@+A!-*&!%&-+-+)#&'!#)!7)#4&'!
03#+/&(-(! -*&! ($0%-)0(! )/! 0&#-37! .+()'.&'! -*3-! #&2&((+-3-&.! -*&! +#:)71#-3'$!
2)00+-0&#-! 6)'! )-*&'! .+(;137+/$+#4! 0&#-37! *&37-*! 3.<1.+23-+)#8! )'! -*3-! )-*&'9+(&!
(+4#+/+23#-7$! &7&:3-&! -*&! '+(B! )/! *3'0! -)! (&7/! )'! )-*&'(C! @++A! -*&! %&-+-+)#&'! *3(!
2)#(+(-&#-7$!3.*&'&.!-)!-'&3-0&#-!'&2)00&#.3-+)#(5!+/!3#$5!/)'!3!(1,(-3#-+37!%&'+).!)/!
-+0&!%'&2&.+#4!-*&!/+7+#4!)/!-*&!%&-+-+)#!3#.!&G%'&((&(!3!9+77+#4#&((!-)!2)#-+#1&!-)!,&!
&#434&.! +#! -'&3-0&#-! 9+-*! 3#! 3%%')%'+3-&! 0&#-37! *&37-*! %')/&((+)#375! +/! #&2&((3'$C!
@+++A!+/!)#4)+#4!-'&3-0&#-!+(!#&2&((3'$5!3.*&'&#2&!-)!-'&3-0&#-!+(!7+B&7$!-)!0+#+0+D&!-*&!
'+(B!-*3-!-*&!%&-+-+)#&'! 9+77! '&73%(&! ()!3(! -)! %'&(&#-! 3! .3#4&'!-)! (&7/!)'!)-*&'(! +#!-*&!
/)'&(&&3,7&! /1-1'&C! 3#.! @+:A! 4'3#-+#4! -*&! '&7+&/! 9)17.! ,&! 2)0%3-+,7&! 9+-*! -*&! %1,7+2!
+#-&'&(-5!-*&!2)1'-!(*377!4'3#-!-*&!%&-+-+)#=!
!
13
!"#$#%&"'!($)#*+,&-#($)''
./,++'%(01($+$-)'(2'-/#)'0(*+"'2#,+&,0',+)-(,&-#($'1("#%3'4#""',+56#,+'%/&$7+)'-(')(0+'
)-&-+',+)-(,&-#($'1,(%+))+)'%6,,+$-"3'#$'1"&%+8'./+)+'%/&$7+)'&,+'#$2(,0+*'93'%"#$#%&"'
%($)#*+,&-#($)'-/&-'-/+'!($)(,-#60'9+"#+:+)'4#""',+)6"-'#$'&'0(,+'+22+%-#:+',+)-(,&-#($'
1,(%+))8''
'
!"#$%&'$%'$%($)(*()+',%-#.(.(/$%0/1%1#2./1'.(/$%/0%"(23"#1%'4(,(.5%./%-+1&"'2#6%
-/22#226%'$)%.1'$2-/1.%0(1#'1728%;$*+,'(6,'1,(1()+*'"&$76&7+<'&$'#$*#:#*6&"'%&$$(-'
&11"3'2(,',+)-(,&-#($'2(,'&-'"+&)-'($+'3+&,'&2-+,'/#)'(,'/+,'%#:#"'%(00#-0+$-'+$*)8'./#)'
=4&#-#$7'1+,#(*>'#)'#01(,-&$-'9+%&6)+'-/+',#)?'2(,':#("+$%+'#)'7,+&-+)-'#$'-/+'#00+*#&-+'
-#0+'1+,#(*'&2-+,'&'%(00#-0+$-8@A<'@B'C6,-/+,0(,+<'/&:#$7'&'3+&,'4#-/#$'4/#%/'$('
,+)-(,&-#($'1+-#-#($'%&$'9+'0&*+'&""(4)'2(,'-/+'%"#$#%#&$'-('(9)+,:+'-/+'1&-#+$-'&$*'0($#-(,'
4/+-/+,'/+'(,')/+'#)'%(01"3#$7'4#-/'-,+&-0+$-'&$*<'4/+$',+"+:&$-<'0&#$-&#$#$7')(9,#+-3'
2,(0'%(0(,9#*')69)-&$%+'6)+8'D:#*+$%+'2,(0',+)+&,%/'($':#("+$%+'&0($7'1&-#+$-)'#$'&$'
(6-1&-#+$-'%(00#-0+$-')+--#$7'/&)')/(4$'-/&-',#)?'(2':#("+$%+'%&$'9+',+*6%+*'4/+$'
1&-#+$-)'&,+'%(01"#&$-'4#-/'-,+&-0+$-8@E'./+'4&#-#$7'1+,#(*'#$%,+&)+)'-/+'"#?+"#/((*'-/&-'
-/+,+'#)'&'4+""F+)-&9"#)/+*'1&--+,$'(2'-,+&-0+$-'&*/+,+$%+'&$*')(9,#+-38'%
'
!"/%)#.#17($#2%9"#."#1%0(1#'17%1(:".2%2"/+,)%4#%1#2./1#)8%./+'!($)(,-#60G)'
1,(1()+*'"&$76&7+'0&$*&-+)'-/&-'-/+'H6*7+I'%($)#*+,'-/+'%"#$#%&"'(1#$#($'(2'&'1)3%/#&-,#)-'
(,'*(%-(,&"F"+:+"'%"#$#%&"'1)3%/("(7#)-',+7&,*#$7'-/+'1+-#-#($+,G)'%6,,+$-'0+$-&"')-&-+8'
D))+$-#&""3<'-/#)'(1#$#($'4#""'9+'9&)+*'($'-/+'1+-#-#($+,G)'-,+&-0+$-'/#)-(,3<'&$*'&)?)'-/+'
%"#$#%#&$'-(':+,#23'=#2'($7(#$7'-,+&-0+$-'#)'$+%+))&,3<'&*/+,+$%+'-('-,+&-0+$-'#)'"#?+"3'-('
0#$#0#J+'-/+',#)?'-/&-'-/+'1+,)($'4#""',+"&1)+')('&)'-('1,+)+$-'&'*&$7+,'-(')+"2'(,'(-/+,)'#$'
-/+'2(,+)++&9"+'26-6,+8>'%
'
!"#$#%&"'1,+*#%-#($)'(2'26-6,+':#("+$%+'&,+'2&,'2,(0'1+,2+%-@K'&$*'&)')6%/'(6,'"&$76&7+'
#$%"6*+)'&'1,(:#)#($'-/&-'#$)-,6%-)'-/+'H6*7+'-('%($)#*+,'-/+',+%(,*)'(2'-/+'=1+,)($L)'0+$-&"'
/+&"-/'&$*'-,+&-0+$-'/#)-(,3<'#2'&$3<'#$%"6*#$7'&*/+,+$%+'-(',+%(00+$*+*'-,+&-0+$-<'
/#)-(,3'(2'6)+'(2'&"%(/("'&$*'(-/+,'*,67)<'&$*'/#)-(,3'(2'%,#0#$&"'H6)-#%+'#$:(":+0+$-8>'./#)'
+$)6,+)'-/&-'-/+,+'#)'9(-/'&'%"#$#%&"'%($)#*+,&-#($'&$*'&'H6*#%#&"'%($)#*+,&-#($'(2'-/+'
1+-#-#($+,G)'0+$-&"'/+&"-/'&$*'-,+&-0+$-'/#)-(,3<'&)'4+""'&)'-/+'1+-#-#($+,G)'#$:(":+0+$-'
4#-/'-/+'%,#0#$&"'H6)-#%+')3)-+08''
'
!"'.%0'&./12%2"/+,)%4#%&/$2()#1#)%9"#$%'22#22($:%1#2./1'.(/$8%%
./+'0(*+"'2#,+&,0)',+)-(,&-#($'"&$76&7+')1+%#2#+)'-/&-'-/+'H6*7+'-&?+'#$-('&%%(6$-'4/+-/+,'
7,&$-#$7',+"#+2'2,(0'-/+'1,(/#9#-#($'4(6"*'9+'=%(01&-#9"+'4#-/'-/+'169"#%'#$-+,+)-8>'./#)'
%"&6)+'#)'1&,-'(2'-/+')-&$*&,*)')+-'93'-/+'MN!O'N01,(:+0+$-'P%-8@Q'N-',+56#,+)'-/+'H6*7+'-('
%($)#*+,'(-/+,'2&%-(,)'#$'-/+'%&)+<'4/#%/'0&3'$(-'9+'&11&,+$-'#$'-/+'0+$-&"'/+&"-/',+:#+4'
96-'%(6"*'"+&*'-('-/+'%($%"6)#($'-/&-'7,&$-#$7',+"#+2'4(6"*'9+'%($-,&,3'-('-/+'169"#%'
#$-+,+)-8'./+'&#0'(2'(6,'1,(1()+*',+)-(,&-#($')-&$*&,*'#)'-('1,(:#*+'&'0(*+"'-/&-'#$%"6*+)'&'
%"#$#%&"'1+,)1+%-#:+'&$*'&'H6*#%#&"'1,(%+))<'&$*'4/#%/'9&"&$%+)'169"#%')&2+-3'4#-/'-/+'
#$-+,+)-)'(2'-/+'#$*#:#*6&"')++?#$7',+)-(,&-#($8''
I'P"-/(67/'4+'&))60+'-/&-'0()-')-&-+)'4#""'&*(1-'&'H6*#%#&"',+)-(,&-#($'1,(%+))<'4+',+%(7$#J+'-/&-')(0+')-&-+)'
0&3'4&$-'-('*+"+7&-+'-/+)+'*+%#)#($)'-('&$'&*0#$#)-,&-#:+'&7+$%38
14
!"#$%&'()*+,"-$.+()*&&
/)&$,,+.+()&.(&.0"&1%+)+1$%&1(23()").*&(4&.0+*&3-(3(*$%5&.0-""&%"#$%&1()*+,"-$.+()*&$-"&$%*(&
+23(-.$).&.(&")*6-+)#&"44"1.+7"&$),&86*.&-"*.(-$.+()&3-(1"**"*9&&
&
!"#$%"#&'($)*+,$-"*$)&,(*.$#/$0.0-0+-0.1$+$,*%-#,+-0#.$"*+,0.12$:(-&$&3"-2$)").&
4+-"$-2&,+*;6$%+4+1$.+()5&.0"&<6-,")&(4&+)+.+$.+)#&.0"&0"$-+)#&*0(6%,&4$%%&.(&.0"&3".+.+()"-9&=*&
$&1(6).->&?"&86*.+4>&4+-"$-2&,+*;6$%+4+1$.+()*&4(-&.0"&3-(."1.+()&(4&36<%+1&*$4".>5&$),&$*&.0"&
@63-"2"&'(6-.&1%"$-%>&+),+1$.",&+)&.0"&ABBC&!"##"$%,"1+*+()&.0"-"&+*&)(&1$*"&%$?&.0$.&
3-(0+<+.*&.0"&%()#D*.$),+)#&-"*.-+1.+()*&()&4+-"$-2&(?)"-*0+3&<>&3"-*()*&?+.0&2").$%&
+%%)"**9CE&F0"-"4(-"5&.0"&<6-,")&(4&+)+.+$.+)#&.0"&0"$-+)#&*0(6%,&-"*.&()&.0"&+),+7+,6$%&$),&
)(.&.0"&*.$."9&&
&
!"03"$4+,-5$%"#&'($)*+,$-"*$)&,(*.$#/$4,##/$+-$-"*$"*+,0.12$G6-&2(,"%&%$?&3%$1"*&.0"&
<6-,")&(4&3-((4&()&.0"&3".+.+()"-&$.&.0"&0"$-+)#&4(-&-"*.(-$.+()&4(%%(?+)#&$&1+7+%&
1(22+.2").9&F0"&3".+.+()"-&0$*&$%-"$,>&0$,&$)&$,7"-*$-+$%&0"$-+)#&1()1"-)+)#&.0"&
1(22+.2").&$),&?$*&,""2",&.(&<"&$&,$)#"-&.(&*"%4&(-&(.0"-*&$*&*3"1+4+",&<>&.0"&*.$."H*&
1(22+.2").&1-+."-+$9A&I0+%"&.0"&(33(-.6)+.>&4(-&-"*.(-$.+()&(4&4+-"$-2&$11"**&26*.&<"&
$%%(?",5&+)&.0"&+)."-"*.&(4&3-(."1.+)#&36<%+1&*$4".>&$),&<"1$6*"&.0"&#(7"-)2").&0$*&$%-"$,>&
2".&+.*&<6-,")&(4&3-((4&+)&$&3-+(-&0"$-+)#5&.0"&3".+.+()"-&+)&.0+*&1$*"&26*.&*0(?&.0$.&0"&(-&
*0"&)(&%()#"-&+*&$.&*6<*.$).+$%&-+*J&(4&")#$#+)#&+)&,$)#"-(6*&<"0$7+(-9&&&
&
!"03"$%-+.(+,($#/$4,##/$%"#&'($-"*$6&(1*$#,$+(70.0%-,+-#,$+44'5$+-$-"*$"*+,0.12$F0"&
4+)$%&%"#$%&1()*+,"-$.+()&+*&.0"&*.$),$-,&(4&3-((4&.0$.&*0(6%,&<"&$33%+",&$.&$&-"*.(-$.+()&
0"$-+)#9&'$*"&%$?&$4."-&.0"&ABBC&!"##"$%CC&,"1+*+()&+),+1$."*&.0$.&.0"&*.$),$-,&(4&3-((4&
*0(6%,&<"&$&3-"3(),"-$)1"&(4&.0"&"7+,")1"9CK&&$
$
L"1(22"),$.+()&M9A<N&L"*.(-$.+()&4(%%(?+)#&$&@0(-.DF"-2&/)7(%6).$->&O(*3+.$%+P$.+()&
%
F0"&-"*.(-$.+()&3-(1"**&(6.%+)",&.06*&4$-&+*&4(-&-"%+"4&4-(2&$&3"-2$)").&4+-"$-2&3-(0+<+.+()&
4(%%(?+)#&$&4(-2$%&1+7+%&1(22+.2").9&:(-&$&3"-2$)").&4+-"$-2&3-(0+<+.+()&.0"-"&+*&$%?$>*&
$)&(33(-.6)+.>&4(-&$&86,+1+$%&(-&$,2+)+*.-$.+7"&3-(1"**&.(&"7$%6$."&.0"&%+J"%+0((,&.0$.&.0"&
3$.+").&+*&$&,$)#"-&.(&*"%4&(-&,$)#"-&.(&(.0"-*9&&
&
I"&-"1(22"),&$&*%+#0.%>&,+44"-").&3-(1",6-"&4(-&-"*.(-$.+()&4(%%(?+)#&$&."23(-$->&
3-(0+<+.+()&,6"&.(&*0(-.D."-2&+)7(%6).$->&0(*3+.$%+P$.+()9&/)&.0+*&1()."Q.5&.0"&3"-*()H*&
-+#0.*&?(6%,&<"&$6.(2$.+1$%%>&-"*.(-",&<>&(3"-$.+()&(4&%$?&$4."-&4+7"&>"$-*9&O(?"7"-5&.0"&
3"-*()&?(6%,&0$7"&$)&(33(-.6)+.>&.(&3".+.+()&4(-&-"*.(-$.+()&$4."-&$&()"D>"$-&?$+.+)#&
3"-+(,9&/4&.0"&3".+.+()&+*&*633(-.",&<>&$&1%+)+1$%&(3+)+()&.0$.&.0"&1-+."-+$&4(-&-"*.(-$.+()&$-"&
2".5&.0"&*.$."&?+%%&<"$-&.0"&<6-,")&(4&3-(7+)#&.0$.&.0"&3"-*()&*.+%%&3(*"*&$)&"%"7$.",&-+*J&4(-&
7+(%")1"9&&F0"&3-(3(*",&%$)#6$#"&+*&$*&4(%%(?*N&&
A&G6-&-"1(22"),$.+()*&4(16*&()&.0"&1+7+%&1(22+.2").&3-(1"**&<"1$6*"&+)7(%6).$->&1(22+.2").&$11(6).*&4(-&
2(*.&2").$%&0"$%.0&,+*;6$%+4+1$.+()*9&&O(?"7"-5&?"&<"%+"7"&.0$.&.0"&3".+.+()"-&*0(6%,&$%*(&<"$-&.0"&<6-,")&(4&
3-((4&?0")&.0"&,+*;6$%+4+1$.+()&0$*&<"")&<$*",&()&4+),+)#*&(4&+)1(23".")1"9&
15
!
!
!"#$%%"&'"'( !")*$+,*-$&( .,&/0,/"(-&( 1,)")( 2&3$43-&/( 5-)60,4-7-#,*-$&( 8,)"'( $&(
9:$+*;<"+%(2&3$40&*,+=(>$)?-*,4-@,*-$&(
!
"#$!%&'()#!%')*+,+-&.!/')0!%1'2*3(+#45!%)((&((+#4!)'!-'3#(%)'-+#4!/+'&3'0(!61#.&'!-*&!
3%%7+23,7&!2).&!(&2-+)#8!03$5!#)!())#&'!-*3#!)#&!$&3'!3/-&'!*+(!'&7&3(&!/')0!3#!)'.&'!/)'!
-&0%)'3'$!+#9)71#-3'$!*)(%+-37+:3-+)#5!%&-+-+)#!-*&!63%%7+23,7&!2)1'-!+#!-*&!2+-$!)'!2)1#-$!
+#!;*+2*!*&!'&(+.&(8!-)!'&(-)'&!*+(!'+4*-!-)!%1'2*3(&5!%)((&((5!)'!-'3#(%)'-!3!/+'&3'0<!=*&!
%&-+-+)#!(*377!,&!322)0%3#+&.!,$!3#!)%+#+)#!)/!3!%($2*+3-'+(-!)'!.)2-)'37>7&9&7!27+#+237!
%($2*)7)4+(-!;*)!*3(!%&'()#377$!&?30+#&.!-*&!%&-+-+)#&'!'&43'.+#4!;*&-*&'!-*&!%&'()#@(!
2)#.+-+)#!*3(!+0%')9&.!3#.!;*&-*&'!-*&!%&'()#!2)#-+#1&(!-)!%'&(&#-!3!(+4#+/+23#-7$!
&7&93-&.!'+(A!)/!,&2)0+#4!3!.3#4&'!-)!(&7/!)'!)-*&'(<!!
!
=*&!)%+#+)#!)/!-*&!27+#+2+3#!(*377!,&!322)0%3#+&.!,$!'&2)'.(!3#.!+#/)'03-+)#!2)#2&'#+#4!
-*&!%&'()#B(!0&#-37!*&37-*!3#.!-'&3-0&#-!*+(-)'$5!+#271.+#4!3.*&'&#2&!-)!'&2)00&#.&.!
-'&3-0&#-5!*+(-)'$!)/!1(&!)/!372)*)7!3#.!)-*&'!.'14(5!3#.!*+(-)'$!)/!2'+0+#37!C1(-+2&!
+#9)79&0&#-<!D/!-*&!(-3-&!'&E1&(-(!3#!+#.&%&#.&#-!27+#+237!&?30+#3-+)#!)/!-*&!%&-+-+)#&'5!
-*&!2)1'-!(*377!3%%)+#-!3!%($2*+3-'+(-!)'!.)2-)'37>7&9&7!27+#+237!%($2*)7)4+(-!-)!2)#.12-!
(12*!3#!&?30+#3-+)#<!!"/-&'!2)0%7&-+)#!)/!-*&!+#.&%&#.&#-!&93713-+)#!+/!)#&!*3(!,&&#!
)'.&'&.5!3#.!1%)#!-*&!'&E1&(-!)/!&+-*&'!-*&!%&-+-+)#&'!)'!-*&!(-3-&5!-*&!2)1'-!(*377!2)#.12-!
3!*&3'+#4!3-!;*+2*!-*&!(-3-&!(*377!,&3'!-*&!,1'.&#!)/!%&'(13(+)#<!!
!
D/5!3/-&'!'&2&+9+#4!3#.!2)#(+.&'+#4!-*&!)%+#+)#(!)/!-*&!&?30+#+#4!27+#+2+3#(5!322)0%3#$+#4!
'&2)'.(5!3#.!)-*&'!'&7&93#-!&9+.&#2&5!-*&!2)1'-!/+#.(5!,$!3!%'&%)#.&'3#2&!)/!-*&!&9+.&#2&5!
-*3-!-*&!%&'()#!2)#-+#1&(!-)!%'&(&#-!3#!&7&93-&.!'+(A!)/!,&2)0+#4!3!.3#4&'!-)!(&7/!)'!
)-*&'(!)'!-*3-!4'3#-+#4!-*&!'&E1&(-&.!'&7+&/!;)17.!,&!2)#-'3'$!-)!-*&!%1,7+2!+#-&'&(-5!-*&!
2)1'-!(*377!.&#$!-*&!%&-+-+)#<!!
!
"!/+#.+#4!-*3-!-*&!%&'()#!2)#-+#1&(!-)!%'&(&#-!3!(+4#+/+23#-7$!&7&93-&.!'+(A!)/!,&2)0+#4!3!
.3#4&'!-)!(&7/!)'!)-*&'(!(*377!'&E1+'&!&9+.&#2&!(*);+#4!-*3-!-*&!%&'()#!2)#-+#1&(!-)!
03#+/&(-!-*&!($0%-)0(!)/!0&#-37!.+()'.&'!-*3-!7&.!-)!-*&!-&0%)'3'$!&0&'4&#2$!
+#9)71#-3'$!-'&3-0&#-!)'!-*3-5!&9&#!+/!-*&!($0%-)0(!3'&!#)!7)#4&'!03#+/&(-5!-*&'&!+(!3!
(1,(-3#-+37!7+A&7+*)).!)/!'&73%(&<!
!
16
!
"#$%!&'%()&*($)+!,)-'.!/)+(*$+%!,*+0!)1!(#'!%*,'!/.$+$/*.!-'('&,$+*($)+%!*%!(#'!/$2$.!
/),,$(,'+(!&'%()&*($)+!.*+34*3'5!63*$+7!8'!&'/),,'+-!*!)+'90'*&!8*$($+3!:'&$)-7!*+-!
(#'!):$+$)+!)1!*!:%0/#$*(&$%(!)&!-)/()&*.9.'2'.!/.$+$/*.!:%0/#).)3$%(!*%!()!(#'!.'2'.!)1!&$%;!(#*(!
(#'!:'($($)+'&!:)%'%!-4'!()!(#'$&!,'+(*.!$..+'%%!*+-!(&'*(,'+(!#$%()&05!<)8'2'&7!4+.$;'!(#'!
/$2$.!/),,$(,'+(!.*+34*3'7!(#$%!,)-'.!*%;%!(#'!%(*('!()!%#)8!(#*(!(#'!:'($($)+'&!=/)+($+4'%!
()!:&'%'+(!*!%$3+$1$/*+(.0!'.'2*('-!&$%;!)1!>'/),$+3!*!-*+3'&!()!%'.1!)&!()!)(#'&%5?!!
!
6.(#)43#!(#'!/.$+$/*.!/)+%$-'&*($)+%!*&'!%$,$.*&!>'(8''+!(#'!(8)!,)-'.!&'%()&*($)+!
%(*+-*&-%7!(#'&'!*&'!%'2'&*.!-$11'&'+/'%!$+!(#'!.'3*.!*%:'/(%5!@(*('!.*8!$+!A*.$1)&+$*!#*%!.)+3!
$+/.4-'-!*!(',:)&*&0!1$&'*&,!:&)#$>$($)+!1)..)8$+3!$+2).4+(*&0!(&'*(,'+(!*(!*!,'+(*.!
$+%($(4($)+5!B'%'*&/#'&%!$+!A*.$1)&+$*!&'2$'8'-!(#'!-',)3&*:#$/!*+-!:%0/#$*(&$/!/)+-$($)+%!
)1!$+-$2$-4*.%!8#)!:'($($)+'-!1)&!&'%()&*($)+!$+!C)%!6+3'.'%!A)4+(07!*1('&!&'/'$2$+3!
$+2).4+(*&0!','&3'+/0!(&'*(,'+(!1)&!,'+(*.!$..+'%%5!"#'0!1)4+-!(#*(!=+'*&.0!)+'!$+!%$D!
:'($($)+'&%!8*%!',:.)0'-!$+!.*8!'+1)&/','+(!)&!*&,'-!%'/4&$(07?!1)&!8#$/#!>'$+3!*&,'-!
8*%!*!&'E4$&','+(!)1!(#'!F)>5GH!"#$%!&'%'*&/#!4+-'&.$+'%!(#'!$,:)&(*+/'!)1!*!1*$&!
&'%()&*($)+!:&)/'%%!(#*(!8)4.-!*..)8!*::&):&$*('!$+-$2$-4*.%!()!8)&;!$+!F)>%!8#'&'!(#'0!
,4%(!>'!*>.'!()!/*&&0!*!1$&'*&,5!I+!(#'!)(#'&!#*+-!(#$%!&'%'*&/#!*.%)!$+-$/*('-!(#*(!$+!(#'!
2*%(!,*F)&$(0!)1!(',:)&*&0!1$&'*&,!:&)#$>$($)+%7!(#'!:'&%)+!+'2'&!*%;%!1)&!&'%()&*($)+5GJ!
I2'&*..7!(#'%'!-*(*!#$3#.$3#(!(#'!+''-!1)&!:&)('/($)+%!>4$.(!$+()!(#'!&'%()&*($)+!:&)/'%%!()!
:&)('/(!(#'!$+-$2$-4*.7!8#$.'!%($..!3$2$+3!*-'E4*('!8'$3#(!()!:)('+($*.!/)+%'E4'+/'%!)1!(#'!
,'+(*.!-$%)&-'&!(#*(!.'-!()!(#'!$+2).4+(*&0!(&'*(,'+(5!!
!
I+/'!*3*$+7!(#'!(#&''!.'3*.!E4'%($)+%!&'.*('-!()!-4'!:&)/'%%!:&)('/($)+%!1)&!(#'!:'($($)+'&!$+!
(#$%!,)-'.!.*8!*&'K!8#)!%#)4.-!>'*&!(#'!>4&-'+!)1!$+$($*($+3!*!&'%()&*($)+!#'*&$+3L!8#$/#!
:*&(0!%#)4.-!>'*&!(#'!>4&-'+!)1!:&))1!*(!(#'!#'*&$+3L!*+-!8#*(!%(*+-*&-!)1!:&))1!%#)4.-!>'!
*::.$'-M!
!
!"#$%"#&'($)*+,$-"*$)&,(*.$#/$0.0-0+-0.1$+$,*%-#,+-0#.$"*+,0.12$6%!8$(#!&'%()&*($)+!
*1('&!*!/$2$.!/),,$(,'+(7!8'!:.*/'!(#'!>4&-'+!)1!$+$($*($+3!*!&'%()&*($)+!#'*&$+3!)+!(#'!
$+-$2$-4*.!8#)!$%!%'';$+3!&'%()&*($)+5!"#$%!%(*+-*&-!$%!-&$2'+!>0!*+!',:#*%$%!)+!:4>.$/!
%*1'(07!*%!8'..!*%!(#'!1*/(!(#*(!$(!8)4.-!>'!>4&-'+%),'!1)&!(#'!%(*('!()!$+$($*('!(#'!
&'%()&*($)+!:&)/'%%!1)&!'*/#!$+-$2$-4*.5!!
!
!"03"$4+,-5$%"#&'($)*+,$-"*$)&,(*.$#/$4,##/$+-$-"*$"*+,0.12$6%!:&'2$)4%.0!$+-$/*('-7!
8'!:.*/'!(#'!>4&-'+!)1!:'&%4*%$)+!)+!(#'!%(*('!()!%#)8!(#*(!(#'!$+-$2$-4*.!=/)+($+4'%!()!
,*+$1'%(!(#'!%0,:(),%!)1!,'+(*.!-$%)&-'&!(#*(!.'-!()!(#'!(',:)&*&0!','&3'+/0!
$+2).4+(*&0!(&'*(,'+(!)&!(#*(7!'2'+!$1!(#'!%0,:(),%!*&'!+)!.)+3'&!,*+$1'%(7!(#'&'!$%!*!
%4>%(*+($*.!.$;'.$#))-!)1!&'.*:%'5?!"#'!%(*('!$+!(#$%!$+%(*+/'!%#)4.-!>'*&!(#'!>4&-'+!)1!
:'&%4*%$)+7!>'/*4%'!(#'&'!8*%!+)(!*+!*-2'&%*&$*.!)&!F4-$/$*.!:&)/'%%!>'1)&'!(#'!-':&$2*($)+5!
"#'&'1)&'7!(#'!$+-$2$-4*.N%!&$3#(!()!>'*&!*&,%!,4%(!>'!:&)2$-'-!8$(#!,)&'!.'3*.!:&)('/($)+5!!
!
!"03"$%-+.(+,($#/$4,##/$%"#&'($-"*$6&(1*$#,$+(70.0%-,+-#,$+44'5$+-$-"*$"*+,0.12!O'!
&'/),,'+-!(#*(!(#'!%(*+-*&-!)1!:&))1!>'!:&':)+-'&*+/'!)1!(#'!'2$-'+/'5!"#$%!$%!>*%'-!)+!
:)%(9"#$$#%!A*.$1)&+$*!/*%'!.*87!8#$/#!.));%!%:'/$1$/*..0!*(!1$&'*&,!-':&$2*($)+%!*%%)/$*('-!
8$(#!*!%#)&(9('&,!$+2).4+(*&0!#)%:$(*.$P*($)+5!A*.$1)&+$*!A)-'!%'/($)+!QJHR!:&)2$-'%!1)&!*!
17
!"#$%#&'(#)*"+",")-',)'.%/,'!"0$'1$%#/'2-.$//',*$'($#/)-'/2+3$4,',)',*$'(#)*"+",")-'#$52$/,/'%'
#$/,)#%,")-'*$%#"-67'%-8'/,%,$'/,%,2,$/'/$,',*$'/,%-8%#8')!'(#))!'%,'%'(#$()-8$#%-4$')!',*$'
$0"8$-4$9':2+/$52$-,'4%/$/'8$&)-/,#%,$',*%,',*$'8$(#"0%,")-')!'62-'#"6*,/'%!,$#'/*)#,;,$#&'
"-0).2-,%#1'*)/(",%."<%,")-'="..'(%//'4)-/,",2,")-%.'&2/,$#'/)'.)-6'%/',*$'8$(#"0%,")-'"/'
,"&$;."&",$89'>-'%88#$//"-6',*$'4)-/,",2,")-%.",1')!',*$'?(#$()-8$#%-4$')!',*$'$0"8$-4$@'
/,%-8%#8')!'(#))!'"-',*$'4%/$')!'!"#$%"&'(&)*+#,&-',*$'A%."!)#-"%'A)2#,')!'B(($%.'/,%,$8C'
'
B((.1"-6',*$'%((."4%+.$'.$6%.'(#"-4"(.$/7'=$'4)-4.28$'/$4,")-'DEFG7'
/2+8"0"/")-'H!IJ/'(#$()-8$#%-4$')!',*$'$0"8$-4$'/,%-8%#8'(#$/$#0$/'
!2-8%&$-,%.'!%"#-$//'%-8'(#)($#.1'%..)4%,$/',*$'#"/K')!'%-'$##)-$)2/'
3286&$-,'($#,%"-"-6',)'!"#$%#&'2/$'+$,=$$-',*$'6)0$#-&$-,'%-8'%-'
"-8"0"82%.'=*)'=%/'*)/(",%."<$8'%!,$#'%'!"-8"-6',*%,'*$')#'/*$'(#$/$-,$8'%'
8%-6$#',)'*"&/$.!')#'),*$#/'HLL'MEMF7'MEMEI9NO'
'
P*"/'4%/$'.%='*"6*."6*,/',*%,',*$'(#$()-8$#%-4$')!',*$'$0"8$-4$'%4*"$0$/'%'+%.%-4$')!'
(2+."4'/%!$,1'=",*',*$'"-8"0"82%.'#"6*,/9'>,'"/'=",*',*"/'&"-8',*%,'=$'/266$/,',*%,',*$'
/,%-8%#8')!'(#))!'+$'(.%4$8'%,',*$'(#$()-8$#%-4$')!',*$'$0"8$-4$9''
18
!"#$%%"&'()*$&+,-.+/)()"0+01$23'+"&(#)+&"4+56$1*7*)*$&0+$&+*&'*8*'2(309+(7*3*):+)$+
526#1(0"+$6+5$00"00+(+;*6"(6%+)1()+6";3"#)+"8*'"&#"<7(0"'+6*0=+$;+'(&>"6$20&"00?+++!
!
"#!$%&'!'()$&*#+!,(!-()*..(#/!0-*%&1&$&*#'!*#!&#/&2&/345'6!41&5&$7!$*!03-)%4'(!4#/!0*''(''!
4!8&-(4-.!14'(/!*#!0-('(#)(!*8!(2&/(#)(914'(/!-&':!84)$*-'!8*-!2&*5(#)(;!<%&5(!.*'$!
2&*5(#)(!&'!#*$!)*..&$$(/!17!&#/&2&/345'!/&4=#*'(/!,&$%!4!.(#$45!&55#(''+!84)$*-'!'3)%!4'!
45)*%*5!413'(+!/-3=!413'(+!4#/!2&*5(#$!1(%42&*-!4-(!'$-*#=57!4''*)&4$(/!,&$%!0(-0($-4$&*#!
*8!2&*5(#)(;>?9@@@!!
!
A3-!-()*..(#/4$&*#'!8*-!#(,!$(.0*-4-7!8&-(4-.!0-*%&1&$&*#'!8*)3'!*#!=-*30'!4$!
%(&=%$(#(/!-&':!*8!83$3-(!2&*5(#)(B!
C;@!"#/&2&/345'!)*#2&)$(/!*8!4!2&*5(#$!.&'/(.(4#*-;!
C;C!"#/&2&/345'!'31D()$!$*!4!$(.0*-4-7!/*.('$&)!2&*5(#)(!-('$-4&#&#=!*-/(-;!!
C;?!"#/&2&/345'!)*#2&)$(/!*8!$,*!*-!.*-(!E<"!*-!EF"'!&#!4!0(-&*/!*8!8&2(!7(4-';!!
C;G!"#/&2&/345'!)*#2&)$(/!*8!$,*!*-!.*-(!.&'/(.(4#*-!)-&.('!&#2*52&#=!4!)*#$-*55(/!
'31'$4#)(!&#!4!0(-&*/!*8!8&2(!7(4-';!
!
H3--(#$!I$4#/4-/'!!
"#!4//&$&*#!$*!$%(!8(/(-45!8&-(4-.!/&'J345&8&)4$&*#'!-(54$(/!$*!.(#$45!&55#(''+!)3--(#$!8(/(-45!
54,!45'*!0-*%&1&$'!8&-(4-.!0*''(''&*#!17!)(-$4&#!)4$(=*-&('!*8!&#/&2&/345'!4$!%&=%!-&':!*8!
)*..&$$&#=!2&*5(#)(+!&#)53/&#=B!8(5*#'K!83=&$&2('K!0(-'*#'!)*#2&)$(/!*8!4!.&'/(.(4#*-!
)-&.(!8*-!/*.('$&)!2&*5(#)(K!0(-'*#'!'31D()$!$*!0(-.4#(#$!/*.('$&)!2&*5(#)(!-('$-4&#&#=!
*-/(-'K!3#54,835!3'(-'!*-!$%*'(!4//&)$(/!$*!4!)*#$-*55(/!'31'$4#)(K!$%*'(!,%*!%42(!1((#!
/&'%*#*-4157!/&')%4-=(/!8-*.!$%(!.&5&$4-7K!&55(=45!45&(#'K!4#/!0(-'*#'!,%*!%42(!-(#*3#)(/!
$%(&-!F#&$(/!I$4$('!)&$&L(#'%&0;@@C+!@@?!
!
M*!&.05(.(#$!$%('(!8(/(-45!0-*%&1&$&*#'+!'$4$('!'31.&$!-()*-/'!*8!0-*%&1&$(/!0(-'*#'!$*!$%(!
N4$&*#45!"#'$4#$!H-&.&#45!O4):=-*3#/!H%():!I7'$(.!PN"HIQ+!,%&)%!5&)(#'(/!=3#!/(45(-'!
)%():!4$!0*&#$!*8!'45(!$*!&/(#$&87!&55(=45!03-)%4'(-';!!R*,(2(-+!-(0*-$&#=!17!'$4$('!&'!
2*53#$4-7!4#/!'*.(!'$4$('!84&5!$*!-(0*-$!)*.05($(!-()*-/'!$*!N"HI;@@G+!@@S!T*-!(U4.05(+!$%(!
.4D*-&$7!*8!'$4$('!/*!#*$!'31.&$!)*.05($(!-()*-/'!*8!3#54,835!/-3=!413'(!$*!N"HI;@@V!
!
W()*..(#/4$&*#'!
<(!-()*..(#/!(U04#/&#=!'$4$(!8&-(4-.!0-*%&1&$&*#'!$*!&#)53/(!8*3-!=-*30'!*8!0(*05(!,%*!
.(($!'0()&8&)+!(2&/(#)(914'(/!)-&$(-&4!4''*)&4$(/!,&$%!&#)-(4'(/!-&':!*8!)*..&$$&#=!
2&*5(#)(;!!M%(!0*5&)&('!*3$5&#(/!&#!$%&'!'()$&*#!*8!$%(!-(0*-$!%42(!$%(!0*$(#$&45!$*!-('$-&)$!
4))(''!$*!8&-(4-.'!17!$%*'(!&#/&2&/345'!,%*!4-(!.*'$!5&:(57!$*!)*..&$!83$3-(!4)$'!*8!
2&*5(#)(!4=4&#'$!$%(.'(52('!*-!4=4&#'$!*$%(-';!M%(!(2&/(#)(!14'(!$%4$!3#/(-5&('!$%('(!
)4$(=*-&)45!0-*%&1&$&*#'!/(.*#'$-4$('!$%(!0*$(#$&45!*8!$%('(!0*5&)&('!$*!-(/3)(!=3#!
2&*5(#)(;!!
+
!"#$%%"&'()*$&+-?@.+A&'*8*'2(30+#$&8*#)"'+$;+(+8*$3"&)+%*0'"%"(&$6+01$23'+7"+
56$1*7*)"'+;6$%+526#1(0*&>+$6+5$00"00*&>+;*6"(6%0+;$6+()+3"(0)+)"&+:"(60?+
!
M%(!-('(4-)%!(2&/(#)(!)*#)53'&2(57!'%*,'!$%4$!&#/&2&/345'!)*#2&)$(/!*8!2&*5(#$!
.&'/(.(4#*-'!4-(!4$!&#)-(4'(/!-&':!*8!)*..&$$&#=!83$3-(!2&*5(#$!)-&.(';@@X9@@>!H45&8*-#&46'!
19
!"#$%&'()*)+),-$.)&/"&0$'#,/&1()%$"0',-$2)'!/,+$0)13/0/",",+1456$&/17!+/3$),$&/378/3$
"&&/1+$&"+/1$.'&$2)'!/,+$8&)0/$'2/&"!!$",3$-7,$8&)0/$1%/8).)8"!!9$"0',-$),3)2)37"!1$
%&/2)'71!9$8',2)8+/3$'.$2)'!/,+$0)13/0/",'&$8&)0/1:454$$$
$
;1)3/$.&'0$"$.)&/"&0$%&'()*)+)',$.'&$),3)2)37"!1$#)+($"$0)13/0/",'&$8',2)8+)',$'.$
3'0/1+)8$2)'!/,8/<$./3/&"!$!"#$3'/1$,'+$87&&/,+!9$%&'()*)+$),3)2)37"!1$#('$8'00)+$2)'!/,+$
0)13/0/",'&$8&)0/1$.&'0$%7&8("1),-$",3$%'11/11),-$"$.)&/"&0:$$='#/2/&<$+#/,+9>+(&//$
1+"+/1$",3$+(/$?)1+&)8+$'.$@'!'0*)"$%&'()*)+$.)&/"&0$%7&8("1/$",3$%'11/11)',$"0',-$
),3)2)37"!1$8',2)8+/3$'.$',/$'&$0'&/$0)13/0/",'&$8&)0/1:455$A/$&/8'00/,3$+("+$"$1)0)!"&$
%&'()*)+)',$*/$"33/3$+'$1+"+/$.)&/"&0$%&'()*)+)',1<$",3$+("+$0)13/0/",'&$8',2)8+)',1$
),2'!2),-$+(/$71/$'.$"$3/"3!9$#/"%',<$+(/$71/$'.$.'&8/<$+(/$+(&/"+$'.$.'&8/<$'&$1+"!B),-$1('7!3$
&/17!+$),$",$"7+'0"+)8$.)&/"&0$%&'()*)+)',$'.$"+$!/"1+$+/,$9/"&1:$$
!
!"#$%%"&'()*$&+,-,.+/&'*0*'1(23+45$+(6"+3178"#)+)$+)"%9$6(6:+'$%"3)*#+0*$2"&#"+
6"3)6(*&*&;+$6'"63+35$12'+7"+96$5*7*)"'+<6$%+916#5(3*&;+(&'+9$33"33*&;+<*6"(6%3+
<$6+)5"+'16()*$&+$<+)5"+)"%9$6(6:+$6'"6-++
$
C'1+$2)8+)01$'.$),+)0"+/$%"&+,/&$('0)8)3/$"&/$B)!!/3$#)+($"$-7,<45D<$45E$",3$+(/$&/1/"&8($
8!/"&!9$1('#1$+("+$+(/&/$)1$",$),8&/"1/3$&)1B$'.$),+)0"+/$%"&+,/&$('0)8)3/$#(/,$",$"*71/&$
("1$"$.)&/"&0:45F>45G$H0%'&+",+!9<$+(/1/$"*71)2/$&/!"+)',1()%1$"&/$'.+/,$B,'#,$+'$
"7+('&)+)/1:$$I,/$1+739$.'7,3$+("+$"%%&'J)0"+/!9$("!.$'.$#'0/,$B)!!/3$*9$+(/)&$),+)0"+/$
%"&+,/&1$("3$8',+"8+$#)+($+(/$8&)0),"!$K71+)8/$191+/0$&/!"+/3$+'$+(/)&$"*71/$#)+(),$+(/$9/"&$
%&/8/3),-$+(/)&$07&3/&1:$45L<45M$N(/$&/1/"&8($1('#1$+("+$%'!)89$),$+()1$"&/"$8",$*/$/../8+)2/:$
@)+)/1$),$1+"+/1$#)+($!"#1$%&'()*)+),-$&/1%',3/,+1$+'$3'0/1+)8$2)'!/,8/$&/1+&"),),-$'&3/&1$
.&'0$%7&8("1),-$'&$%'11/11),-$-7,1$("3$5FO$./#/&$.)&/"&0>&/!"+/3$),+)0"+/$%"&+,/&$
('0)8)3/1:4D6$N()1$&/1/"&8($"!1'$)!!71+&"+/3$+("+$P#'7!3>*/$B)!!/&1Q$3'$,'+$&/%!"8/$-7,1$#)+($
'+(/&$#/"%',1$+'$/../8+$+(/$1"0/$,70*/&$'.$B)!!),-1:Q4D4$$
$
N/0%'&"&9$"#$%&'("!'&3/&1$"&/$+(/$.)&1+$1+/%$),$+(/$3'0/1+)8$2)'!/,8/$&/1+&"),),-$'&3/&$
%&'8/11:$$N(/1/$+/0%'&"&9$/0/&-/,89$'&3/&1<$#()8($'887&$),$+(/$"*1/,8/$'.$+(/$
&/1%',3/,+<$&/.!/8+$+(/$)00/3)"+/$3",-/&$3'0/1+)8$2)'!/,8/$2)8+)01$'.+/,$."8/$",3$+(/$
3",-/&'71$,"+7&/$'.$),)+)"+),-$1/%"&"+)',$),$"*71)2/$&/!"+)',1()%1:$$@7&&/,+$1+"+/>!/2/!$
),.&"1+&78+7&/$"&'7,3$+/0%'&"&9$3'0/1+)8$2)'!/,8/$&/1+&"),),-$'&3/&1$/,17&/1$+("+$"$.7!!$
(/"&),-$R$#)+($+(/$&/1%',3/,+$%&/1/,+$R$'887&1$#)+(),$"$1('&+<$3/.),/3$+)0/.&"0/:$$;1$"$
&/17!+<$+(/$+/0%'&"&9$"#$%&'("!%&'+/8+)',$'&3/&$)1$S7)8B!9$3)10)11/3$#(/,$"$K73-/$
3/+/&0),/1$+(/$'&3/&$)1$,'+$#"&&",+/3:$H,$&/1%',1/$+'$/2)3/,8/$+("+$+/0%'&"&9$"#$%&'("!
&/1+&"),),-$'&3/&1$"&/$"11'8)"+/3$#)+($),8&/"1/3$&)1B$'.$2)'!/,8/<4D5<$4DD$"$,70*/&$'.$1+"+/1$
%&'()*)+$.)&/"&0$%7&8("1/$",3$%'11/11)',$*9$&/1%',3/,+1$.'&$+/0%'&"&9$"#$%&'("$
%&'+/8+)',$'&3/&1:4DE$$
$
T/3/&"!$!"#$87&&/,+!9$%&'()*)+1$.)&/"&0$%7&8("1/$",3$%'11/11)',$*9$&/1%',3/,+1$+'$
%/&0",/,+$&/1+&"),),-$'&3/&1$'&$*9$+('1/$8',2)8+/3$'.$"$0)13/0/",'&$8&)0/$'.$3'0/1+)8$
2)'!/,8/:4DF$N(/1/$%&'()*)+)',1$"&/$17%%'&+/3$*9$#/!!>8'&&'*'&"+/3$/2)3/,8/$!),B),-$-7,1$
#)+($3'0/1+)8$2)'!/,8/:4DU>4E6$='#/2/&<$87&&/,+$1+"+/$!"#1$3'$,'+$"!#"91$%&'()*)+$.)&/"&0$
%7&8("1/$",3$%'11/11)',$*9$&/1%',3/,+1$17*K/8+$+'$+/0%'&"&9$"#$%&'("$&/1+&"),),-$'&3/&1:$$
?7/$+'$+(/$&)1B1$&/1%',3/,+1$+'$+/0%'&"&9$"#$%&'("!3'0/1+)8$2)'!/,8/$&/1+&"),),-$'&3/&1$
20
!"#$%&"%'()&(*#%"+%,"*$#&()%'("-$.)$/%0$%1$)"**$.,%&23&%(.,('(,43-#%#456$)&%&"%&$*!"1317%
,"*$#&()%'("-$.)$%1$#&13(.(.8%"1,$1#%5$%!1"2(5(&$,%+1"*%!41)23#(.8%3.,%!"##$##(.8%
+(1$31*#%+"1%&2$%,413&(".%"+%&2$%&$*!"1317%"1,$19%%
!
"#$%&&#'()*+%'!,-./!0'(+1+(2)34!$%'1+$*#(!%5!*6%!%7!&%7#!890!%7!8:04!+'!)!;#7+%(!
%5!5+1#!<#)74!4=%23(!>#!;7%=+>+*#(!57%&!;27$=)4+'?!)'(!;%44#44+'?!5+7#)7&4!5%7!)*!
3#)4*!5+1#!<#)74-!!
!
:2$%1$#$31)2%)".#(#&$.&-7%#2"0#%&23&%3-)"2"-%354#$%(#%3##")(3&$,%0(&2%'("-$.)$%&"031,%#$-+%
3.,%"&2$1#9;<;=;>?%@"1%$A3*!-$/%".$%#&4,7%"+%3,4-&#%(.%&21$$%-318$%4153.%31$3#%(.%&2$%B.(&$,%
C&3&$#%+"4.,%&23&%3,4-&#%02"%354#$,%3-)"2"-%0$1$%3&%(.)1$3#$,%1(#D%+"1%5"&2%2"*()(,$%3.,%
#4()(,$%)"*!31$,%&"%3,4-&#%02"%,(,%."&%,1(.D%3-)"2"-9;>;%E."&2$1%#&4,7%+"4.,%3%#&1".8%
3##")(3&(".%5$&0$$.%'()&(*%3.,%!$1!$&13&"1%3-)"2"-%354#$%3.,%(.&(*3&$%!31&.$1%
2"*()(,$9;>F%G*!"1&3.&-7/%#$'$13-%#&4,($#%23'$%#2"0.%&23&%+(1$31*%"0.$1#%31$%3&%(.)1$3#$,%
1(#D%"+%354#(.8%3-)"2"-9;>H=;>I%E%F?;;%#&4,7%+"4.,%&23&%84.%"0.$1#%0$1$%*"1$%-(D$-7%&23.%
!$"!-$%02"%-('$,%(.%3%2"*$%0(&2"4&%3%84.%&"%5(.8$%,1(.D/%,1('$%4.,$1%&2$%(.+-4$.)$%"+%
3-)"2"-/%3.,%23'$%3&%-$3#&%I?%,1(.D#%!$1%*".&29;>J%:2$%#3*$%#&4,7%3-#"%+"4.,%&23&%+(1$31*%
"0.$1#%02"%,13.D%354#('$-7%0$1$%*"1$%-(D$-7%&23.%"&2$1%+(1$31*%"0.$1#%&"%$.838$%(.%
1(#D7%5$23'("1#%0(&2%+(1$31*#9;>K%
%
L2(-$%*4-&(!-$%#&3&$#%23'$%-30#%!1"2(5(&(.8%(.,('(,43-#%02"%354#$%3-)"2"-%+1"*%!41)23#(.8%
3.,%!"##$##(.8%3.,%+(1$31*#/%&2$%*36"1(&7%"+%-30#%+3(-%&"%!1"'(,$%!1$)(#$%,$+(.(&(".#%"+%02"%
(#%,(#M43-(+($,/%*3D(.8%#4)2%!"-()($#%,(++()4-&%&"%(*!-$*$.&9;>N%%O.$%$A)$!&(".%(#%
P$..#7-'3.(3/%02()2%!1"2(5(&#%!$1#".#%02"%23'$%5$$.%)".'()&$,%"+%&21$$%"1%*"1$%,14.D$.%
,1('(.8%"++$.#$#%(.%3%+('$=7$31%!$1(",%+1"*%23'(.8%3%84.9;I?%G.%3,,(&(".%&"%!1"'(,(.8%3%
#!$)(+()%,$+(.(&(".%"+%3-)"2"-%354#$1/%4#$%"+%QLG%"1%QBG#%3#%)1(&$1(3%&"%!1"2(5(&%+(1$31*%
"0.$1#2(!%(#%#&1".8-7%64#&(+($,%57%&2$%1$#$31)2%$'(,$.)$9%%O.$%#&4,7%+"4.,%&23&%)"*!31$,%
&"%(.,('(,43-#%0(&2%3%#(.8-$%QBG%311$#&/%&2"#$%0(&2%*4-&(!-$%QBG%311$#&#%0$1$%*"1$%&23.%
&21$$%&(*$#%3#%-(D$-7%&"%5$%311$#&$,%+"1%"&2$1%*(#,$*$3."1%3.,%+$-".7%)1(*$#9;I;%G.%
3,,(&("./%#&4,($#%23'$%#2"0.%&23&%!$"!-$%02"%,1('$%4.,$1%&2$%(.+-4$.)$%31$%3&%(.)1$3#$,%
1(#D%"+%354#(.8%(--()(&%,148#;IF/%;IH%3.,%5$(.8%311$#&$,%*4-&(!-$%&(*$#9%;I<%%
%
R"#&%#&3&$%-30#%!1"2(5(&(.8%+(1$31*%"0.$1#2(!%3*".8%(.,('(,43-#%02"%354#$%3-)"2"-%31$%
,(++()4-&%&"%$.+"1)$%3.,%4.-(D$-7%&"%5$%$++$)&('$%5$)34#$%&2$%,$+(.(&(".%"+%354#$%(#%."&%)-$31-7%
$.4.)(3&$,9%%L$%&2$1$+"1$%1$)"**$.,%&23&%(.,('(,43-#%)".'()&$,%"+%&0"%"1%*"1$%QLG%"1%
QBG#%(.%3%!$1(",%"+%+('$%7$31#%5$%!1"2(5(&$,%57%+$,$13-%-30%+1"*%!41)23#(.8%"1%!"##$##(.8%3%
+(1$31*%+"1%3&%-$3#&%+('$%7$31#9%%%%
!
"#$%&&#'()*+%'!,-@/!!0'(+1+(2)34!$%'1+$*#(!%5!*6%!%7!&%7#!&+4(#&#)'%7!$7+&#4!
+'1%31+'?!$%'*7%33#(!42>4*)'$#4!+'!)!5+1#A<#)7!;#7+%(!4=%23(!>#!;7%=+>+*#(!57%&!
;27$=)4+'?!%7!;%44#44+'?!5+7#)7&4!5%7!)*!3#)4*!5+1#!<#)74-!!
%
:2$%1$#$31)2%$'(,$.)$%)".#(#&$.&-7%#2"0#%&23&%(--$83-%4#$%"+%)".&1"--$,%#45#&3.)$#%(#%
3##")(3&$,%0(&2%3%2$(82&$.$,%1(#D%"+%'("-$.)$9;I>=;IN%:2$%!27#()3-%3.,%!#7)2"-"8()3-%$++$)&#%
"+%)".&1"--$,%#45#&3.)$#/%(.)-4,(.8%38(&3&(".%3.,%)"8.(&('$%(*!3(1*$.&/%)3.%2$(82&$.%1(#D%
+"1%'("-$.&%5$23'("1%3.,%(*!3(1%&2$%,$)(#(".=*3D(.8%3.,%)"**4.()3&(".%#D(--#%.$)$##317%&"%
21
!"#$%&"$#'()*&+#),'$+*-./012/03&4)&!%%$*$#)5&$)"#'"(6()*&$)&$''$+$*&%789&6!7:(*-&$-&-*7#)9';&
!--#+$!*(%&<$*=&"$#'()+(.&&>*8%$(-&=!"(&-=#<)&*=!*&+#),'$+*-&<$*=$)&$''(9!'&%789&6!7:(*-&!7(&
*=(&6#-*&+#66#)&+!8-(&#,&%78927('!*(%&"$#'()+(.&/0?2/00&&&
&
@(%(7!'&'!<&+877()*';&A7#=$B$*-&$''(9!'&8-(7-&#,&!&+#)*7#''(%&-8B-*!)+(&,7#6&A87+=!-$)9&#7&
A#--(--$)9&!&,$7(!76./0C&D++#7%$)9&*=(&E()(7!'&D++#8)*$)9&F,,$+(&GEDFH5/0I&&<=$+=&
$)*(7"$(<(%&-*!*(&#,,$+$!'-&$)&31/35&*=(&A7#=$B$*$#)&$-&A##7';&%(,$)(%&$)&+877()*&7(98'!*$#)&
!)%&6!);&-*!*(-&7(A#7*&+#),8-$#)&!B#8*&<=$+=&7(+#7%-&#,&8)'!<,8'&%789&8-(&*=(;&-=#8'%&
-8B6$*&*#&J4K>.&&4)&!%%$*$#)5&<=$'(&,('#);&%789&+#)"$+*$#)-&L&'$:(&!''&,('#);&+#)"$+*$#)-&L&
'(!%&*#&!&A(76!)()*&,$7(!76&%$-M8!'$,$+!*$#)&8)%(7&,(%(7!'&'!<5&#*=(7&7(+#7%-&#,&8)'!<,8'&
%789&8-(&'(!%&*#&!&#)(2;(!7&,$7(!76&A7#=$B$*$#).&&D++#7%$)9&*#&*=(&EDF5&-*!*(-&!7(&7('8+*!)*&
*#&-8B6$*&7(+#7%-&,#7&-8+=&!&-=#7*2*(76&A7#=$B$*$#).&&&
&
N#&!%%7(--&*=(-(&$--8(-5&<(&7(+#66()%&*=!*&*=(&7(98'!*#7;&%(,$)$*$#)&#,&O$''(9!'&8-(7&#,&!&
+#)*7#''(%&-8B-*!)+(P&B(&+'!7$,$(%&!)%&*=!*&*=(&#)(2;(!7&A7#=$B$*$#)&A(7$#%&B(&(Q*()%(%&*#&
,$"(&;(!7-.&&R=$'(&*=(&7(-(!7+=&("$%()+(&-899(-*-&*=!*&$)%$"$%8!'-&<$*=&68'*$A'(&
6$-%(6(!)#7&+7$6(-&$)"#'"$)9&+#)*7#''(%&-8B-*!)+(-&!7(&!*&$)+7(!-(%&7$-:&#,&,8*87(&
"$#'()+(5/C12/CI&*=(7(&$-&'$**'(&("$%()+(&*#&-899(-*&*=!*&)#)2+7$6$)!'&7(+#7%-&#,&8)'!<,8'&%789&
8-(&L&-8+=&!-&,!$'(%&%789&*(-*-&#7&%78927('!*(%&!77(-*-&*=!*&%#&)#*&7(-8'*&$)&+#)"$+*$#)&L&
7(A7(-()*&$)%$"$%8!'-&!*&=($9=*()(%&7$-:&#,&"$#'()+(.&&R(&*=(7(,#7(&7(+#66()%&*=!*&
$)%$"$%8!'-&<=#&!7(&+#)"$+*(%&#,&*<#&#7&6#7(&6$-%(6(!)#7&+7$6(-&$)"#'"$)9&+#)*7#''(%&
-8B-*!)+(-&$)&!&,$"(2;(!7&A(7$#%&-=#8'%&B(&A7#=$B$*(%&,7#6&A87+=!-$)9&#7&A#--(--$)9&
,$7(!76-&,#7&!*&'(!-*&,$"(&;(!7-.&&&
&
>*!*(-&-=#8'%&<#7:&<$*=&*=(&,(%(7!'&9#"(7)6()*&*#&()-87(&*=!*&!''&7('("!)*&!)%&)(+(--!7;&
7(+#7%-&!7(&-8B6$**(%&*#&*=(&J4K>&-;-*(6.&S-(&#,&%78927('!*(%&6$-%(6(!)#7&+#)"$+*$#)-&*#&
*7$99(7&,$7(!76&A7#=$B$*$#)&$-&,(!-$B'(&,#7&6#-*&-*!*(-&!)%&A!7!''('-&#87&7(+#66()%!*$#)-&
7(9!7%$)9&!'+#=#'&!B8-(&G3./H&!)%&+#)"$+*$#)&,#7&"$#'()*&6$-%(6(!)#7-&G3.?H.&&R=$'(&!&
-$)9'(&6$-%(6(!)#7&%789&+#)"$+*$#)&%#(-&)#*&)(+(--!7$';&=($9=*()&7$-:&#,&,8*87(&"$#'()+(5&
68'*$A'(&6$-%(6(!)#7&%789&+#)"$+*$#)-&$)&!&-=#7*&A(7$#%&#,&*$6(&$)%$+!*(-&-8-*!$)(%&
$)"#'"(6()*&$)&*=(&$''$+$*&%789&6!7:(*5&<=$+=&-8B-*!)*$!'';&$)+7(!-(-&7$-:&#,&"$#'()+(./I12/IT&
&
22
!"#$%%"&'()*$&+,-.+/"0"1$2+(+%"#3(&*4%+)$+(5)3$6*7"+1(8+"&9$6#"%"&)+$99*#"64+)$+
6"%$0"+9*6"(6%4+83"&+)3":+*'"&)*9:+4$%"$&"+83$+2$4"4+(&+*%%"'*()"+)36"()+$9+
3(6%+)$+4"19+$6+$)3"64;+<)()"4+43$51'+(14$+26$0*'"+1(8+"&9$6#"%"&)+8*)3+(+%"#3(&*4%+
)$+6"=5"4)+(+8(66(&)+(5)3$6*7*&>+>5&+6"%$0(1+83"&+)3"+6*4?+$9+3(6%+)$+4"19+$6+$)3"64+
*4+#6"'*@1"A+@5)+&$)+*%%"'*()";+B&+(''*)*$&A+4)()"4+43$51'+#6"()"+(+&"8+#*0*1+
6"4)6(*&*&>+$6'"6+26$#"44+)$+(11$8+9(%*1:+%"%@"64+(&'+*&)*%()"+2(6)&"64+)$+2")*)*$&+
)3"+#$56)+)$+(5)3$6*7"+6"%$0(1+$9+9*6"(6%4+(&'+)"%2$6(6*1:+26$3*@*)+9*6"(6%+
256#3(4"+(&'+2$44"44*$&+@(4"'+$&+(+#6"'*@1"+6*4?+$9+23:4*#(1+3(6%+)$+4"19+$6+$)3"64A+
"0"&+83"&+'$%"4)*#+0*$1"&#"+*4+&$)+(&+*445";+
!
"#$%!&'()*+,-.!/01!.23*+4.5.2(!(*!+.5*6.!7'28!3+*5!029!,2:,6,:'0/!1)*!;*8.8!02!
,55.:,0(.!()+.0(!*3!)0+5!(*!8./3!*+!*().+8#!<01!.23*+4.5.2(!*33,4.+8!0+.!1.//!
6.+8.:!,2!().!='8.!*3!3*+4.>!4*2(,2''5?!02:!509!0/8*!'8.!+,8@A/.()0/,(9!
088.885.2(8!(*!B':7.!().!+,8@!*3!;0+(,4'/0+!8,('0(,*28#!C2!.5.+7.249!8,('0(,*28?!
(),8!0'()*+,(9!402!D.!.E.+4,8.:!1,()*'(!0!10++02(#!
"#F%!G+.0(.!0!2.1!4,6,/!+.8(+0,2,27!*+:.+!;+*4.88!(*!0//*1!;+,60(.!4,(,-.28!(*!;.(,(,*2!
().!4*'+(!(*!+.H'.8(!()0(!7'28!D.!(.5;*+0+,/9!+.5*6.:!3+*5!0!305,/9!5.5D.+!*+!
,2(,50(.!;0+(2.+!1)*!;*8.8!0!4+.:,D/.!+,8@!*3!)0+5!(*!8./3!*+!*().+8#!I),8!;+*4.88!
8)*'/:!5,++*+!().!+.8(+0,2,27!*+:.+!;+*4.88!,2!5*8(!8(0(.8!02:!,24/':.!0!
(.5;*+0+9!!"#$%&'!!*+:.+!08!1.//!08!0!/*27J(.+5!*+:.+!,88'.:!03(.+!0!).0+,27!,2!
1),4)!().!+.8;*2:.2(!)0:!02!*;;*+('2,(9!(*!;0+(,4,;0(.#!K.8;*2:.2(8!(*!02!
*+:.+!,88'.:!()+*'7)!(),8!;+*4.88!LM'2!N,*/.24.!K.8(+0,2,27!O+:.+!*+!MNKOP!
1,//!D.!;+*),D,(.:!3+*5!;'+4)08,27!02:!;*88.88,27!7'28!3*+!().!:'+0(,*2!*3!().!
*+:.+!02:!+.H',+.:!(*!+./,2H',8)!0//!3,+.0+58!,2!().,+!;*88.88,*2!3*+!().!:'+0(,*2!
*3!().!*+:.+#!<01!.23*+4.5.2(!*33,4.+8!8)*'/:!D.!0D/.!(*!+.H'.8(!0!10++02(!
()+*'7)!(),8!;+*4.88!(*!+.5*6.!7'28!1).2!().+.!,8!0!4+.:,D/.!+,8@!*3!)0+5!()0(!,8!
2*(!,55.:,0(.#!
"#"%!C24/':.!:'.!;+*4.88!;+*(.4(,*28!3*+!033.4(.:!,2:,6,:'0/8#!Q;.4,3,40//9?!;+*6,:.!
+.8;*2:.2(8!1,()!02!*;;*+('2,(9!(*!;0+(,4,;0(.!,2!0!).0+,27!03(.+!)06,27!().,+!
7'28!+.5*6.:!D9!/01!.23*+4.5.2(!L"#$P!*+!()+*'7)!().!MNKO!;+*4.88!L"#FP!02:!
088'+.!;+*4.88.8!0+.!,2!;/04.!3*+!+.('+2,27!0//!+.5*6.:!7'28!0(!().!4*24/'8,*2!*3!
().!(.5;*+0+9!;+*),D,(,*2#!
+
R+*0:!;*/,4,.8!+.8(+,4(,27!7'2!044.88!D9!;.*;/.!1)*!)06.!D..2!:,072*8.:!1,()!0!5.2(0/!
,//2.88!0+.!2.,().+!B'8(,3,.:!2*+!/,@./9!(*!D.!.33.4(,6.!,2!+.:'4,27!7'2!6,*/.24.!,2!().!S2,(.:!
Q(0(.8#$TU!K.8(+,4(,27!7'2!044.88!D08.:!*2!0!4+.:,D/.!()+.0(!*3!6,*/.24.!,8!;+*5,8,27?!D'(!)08!
/*27!D..2!+.4*72,-.:!08!0!4)0//.27.!D.40'8.!8'4)!D.)06,*+!D9!,(8./3!:*.8!2*(!4*28(,('(.!0!
4+,5,20/!04(!,2!5*8(!408.8#!&8!0!+.8'/(?!()+.0(.2,27!D.)06,*+!D9!0!4*J1*+@.+?!2.,7)D*+?!*+!
305,/9!5.5D.+!509!40'8.!4*24.+2!D'(!,8!'2/,@./9!(*!(+,77.+!0!/01!.23*+4.5.2(!+.8;*28.#!
V).2!/01!.23*+4.5.2(!,8!,26*/6.:?!().9!)06.!3.1!*;(,*28!(*!0::+.88!().!()+.0(!'2:.+!
4'++.2(!/01!D.40'8.!2*!4+,5.!)08!D..2!4*55,((.:#!C2!*+:.+!(*!0::+.88!(),8!8)*+(4*5,27?!
().!G*28*+(,'[email protected]!().!3*//*1,27!+.4*55.2:0(,*28#!
23
!"#$%%"&'()*$&+,
!
"#$%&&#'()*+%'!,-./!01*2%3+4#!5)6!#'7%3$#&#'*!*%!3#&%8#!91':!73%&!)';!
+'(+8+(1)5!62%!<%:#:!)'!+&&#(+)*#!*23#)*!%7!2)3&!*%!:#57!%3!%*2#3:-!=)6!
#'7%3$#&#'*!%77+$#3:!)3#!6#55!8#3:#(!+'!*2#!>1:#!%7!7%3$#?!$%'*+'11&@!)'(!&);!)5:%!
1:#!3+:AB5#*2)5+*;!)::#::&#'*:!*%!C1(9#!*2#!3+:A!%7!<)3*+$15)3!:+*1)*+%':-!D'!
#&#39#'$;!:+*1)*+%':@!*2+:!)1*2%3+*;!$)'!E#!#F#3$+:#(!6+*2%1*!)!6)33)'*-!
!
-",./$.$+",)0$,%"#1(&*+%+2,3(+"',$&,"4*+)*&5,+)()",6(0+,*&,+"7"/(6,+)()"+,)1(),0*66,
"+)(36*+1,#6"(/,(8)1$/*)9,:$/,6(0,"&:$/#"%"&),)$,/"%$7",58&+,0*)1,(&',0*)1$8),(,0(//(&),
01"&,)1"9,*'"&)*:9,(&,*&'*7*'8(6,01$,.$+"+,(,+"/*$8+,/*+;,$:,1(/%,)$,+"6:,$/,$)1"/+<,=8#1,
(8)1$/*)9,./$7*'"+,(&,*%.$/)(&),)$$6,)$,/"'8#",)1",*%%"'*()",(&',+1$/)>)"/%,)1/"(),.$+"',
39,+8#1,*&'*7*'8(6+<,
,
?4*+)*&5,=)()",@(0,
A$&&"#)*#8)2,B&'*(&(2,(&',C"4(+,"(#1,./$7*'",(,./$#"++,:$/,6(0,"&:$/#"%"&),D.$6*#"2,
+1"/*::+2,(&'E$/,./$+"#8)$/+F,)$,(++"++,01")1"/,(&,*&'*7*'8(6,.$+"+,(&,*%%*&"&),'(&5"/,
(&',01")1"/,)1",*&)"/"+)+,$:,.836*#,+(:")9,0(//(&),(,./$1*3*)*$&,$&,)1",.8/#1(+",(&',
.$++"++*$&,$:,:*/"(/%+<,
!
"#$$%&'(&)',
G,HIIJ,+1$$)*&5,./$%.)"',)1",6"5*+6()8/",)$,.(++,(&',)1",5$7"/&$/,)$,+*5&,(,3*66,
"+)(36*+1*&5,(,./$#"++,39,01*#1,)0$,.$6*#",$::*#"/+,$/,(,+)()"K+,())$/&"9,#(&,:*6",(,#$%.6(*&),
0*)1,)1",#$8/),3(+"',$&,./$3(36",#(8+",)1(),(&,*&'*7*'8(6,LDHF,.$+"+,(,/*+;,$:,*%%*&"&),
*&M8/9,)$,+"6:,$/,$)1"/+N,DOF,.$++"++"+,$&",$/,%$/",:*/"(/%+<,B&,+8#1,#(+"+,(,M8'5",%(9,*++8",
(,0(//(&),:$/,6(0,"&:$/#"%"&),)$,+"(/#1,:$/,(&',/"%$7",(&9,(&',(66,:*/"(/%+<PHIQ,@(0,
"&:$/#"%"&),%(9,$&69,/"R8"+),(,0(//(&),(:)"/,L#$&'8#)*&5,(&,*&7"+)*5()*$&,)$,"+)(36*+1,
)1(),./$3(36",#(8+","4*+)+,(&','")"/%*&*&5,)1(),&$,/"(+$&(36",(6)"/&()*7",)$,(7"/),)1",/*+;,
$:,1(/%,"4*+)+<PHIS,A/*)"/*(,:$/,(++"++*&5,3$)1,./$3(36",#(8+",D"<5<2,/"#"&),)1/"()+,$/,(#)+,$:,
7*$6"&#",)$0(/',+"6:2,$)1"/+2,$/,(&*%(6+F,(&',*%%*&"&),/*+;,D"<5<2,/"#;6"++,:*/"(/%,
3"1(7*$/+2,)1/"()"&"',$/,(#)8(6,7*$6"&#"2,./*$/,*&7$68&)(/9,#$&:*&"%"&),*&,(,.+9#1*()/*#,
1$+.*)(62,(&',*66"5(6,8+",$:,#$&)/$66"',+83+)(&#"+,$/,(6#$1$6F,(/",*&#68'"',*&,)1",6(0<HIJ,B:,
)1",+)()","+)(36*+1"+,./$3(36",#(8+"2,(,M8'5",%8+),*++8",(,0(//(&)<,HII,G:)"/,.$6*#",+"/7",)1",
0(//(&),(&',/"%$7",(66,58&+2,)1",#$8/),%8+),+#1"'86",(,1"(/*&5,0*)1*&,HT,'(9+,)$,
'")"/%*&",01")1"/,)1",58&+,0*66,3",/")8/&"',$/,)1",0(//(&),0*66,+)(&'<OUU,G),)1*+,1"(/*&5,
)1",+)()",1(+,)1",38/'"&,$:,./$$:,)$,%""),(,#6"(/,(&',#$&7*&#*&5,"7*'"&#",+)(&'(/'<OUH,B:,
)1(),+)(&'(/',*+,%")2,)1",#$8/),%(9,$/'"/,)1",58&+,1"6',:$/,8.,)$,$&",9"(/<OUO,G&9,."/+$&,
01$+",58&+,(/",/"%$7"',)1/$851,)1*+,./$#"++,%(9,)/(&+:"/,)1$+",58&+,)$,(&,*&'*7*'8(6,
01$,*+,"6*5*36",)$,.8/#1(+",(&',.$++"++,58&+2,$)1"/0*+",)1",+)()",0*66,/")(*&,#8+)$'9<OUV,B&,
#(+"+,01"/",)1",+)()",'$"+,&$),./$7",*)+,#(+"2,(66,/"%$7"',58&+,%8+),3",/")8/&"',)$,)1",
$0&"/<OUT,
,
W8/*&5,)1",:*/+),HU,9"(/+,)1(),)1",6(0,0(+,*&,"::"#)2,.$6*#",(&',)1",+)()"K+,())$/&"9,%('",(),
6"(+),OSS,0(//(&),/"R8"+)+,/"+86)*&5,*&,OST,0(//(&)+,*++8"',(&',%$/",)1(&,OUUU,58&+,
/"%$7"',:/$%,*&'*7*'8(6+,'""%"',)$,.$+",(&,*%%*&"&),/*+;,$:,7*$6"&#"<,OUX,,Y$6*#",/"%$7"',
58&+,:/$%,(6%$+),(66,DIQZF,$:,)1",."$.6",&(%"',*&,)1",0(//(&)+<OUQ,,
24
!
"#$%&#&!
"#!$%%&!'#(!"#)*+#+!,'-*.(!'//*.(0!1+2!3*--()!+#)!/'40!'56(02!1(0(!*#740()!16(#!
0(2,'#)*#8!5'!+!.'9,-+*#5!+:'45!+!9+#!1*56!+!84#;!<6(!26''5(0!1+2!+-2'!3*--()!*#!56(!
*#.*)(#5;!=(22!56+#!+!>(+0!:(/'0(?!,'-*.(!0(9'@()!2(@(0+-!/*0(+092!+#)!+994#*5*'#!/0'9!
56(!26''5(0!+/5(0!+#!(#.'4#5(0!1*56!56(!9+#!0(24-5()!*#!+#!*#,+5*(#5!25+>!+#)!+!)*+8#'2*2!'/!
,+0+#'*)!2.6*A',60(#*+;!<6(2(!84#2!1(0(!-+5(0!0(540#()!+5!56(!9+#B2!0(C4(25?!)(2,*5(!
':7(.5*'#2!/0'9!-+1!(#/'0.(9(#5;!D/5(0!56(!26''5*#8!56(!"#)*+#+!-(8*2-+540(!,+22()!+!:*--!
56+5!1+2!2*8#()!:>!56(!E'@(0#'0!+456'0*A*#8!-+1!(#/'0.(9(#5!5'!0(9'@(!84#2!/0'9!+#!
*#)*@*)4+-!56(>!)((9!5'!:(!)+#8(0'42;!$%F!!<6(!-+1!)(/*#(2!)+#8(0'42!*#!51'!1+>2G!HIJ!
2'9('#(!16'!K,0(2(#52!+#!*99*#(#5!,0(2(#5!0*23!'0!,'22*:-(!/4540(!0*23!+#)!16'!6+2!#'5!
.'#2*25(#5->!5+3(#!9()*.+5*'#!5'!.'#50'-!+!9(#5+-!*--#(22!56+5!9+>!:(!.'#50'--()!:>!
9()*.+5*'#2LM!'0!H$J!K6+2!+!6*25'0>!5'!24,,'05!+!0(+2'#+:-(!:(-*(/!56+5!56(!,(02'#!6+2!+!
,0',(#2*5>!/'0!@*'-(#5!'0!(9'5*'#+-->!4#25+:-(!.'#)4.5;M!$%N!
!
O'-*.(!)'!#'5!#(()!+!1+00+#5!5'!0(9'@(!84#2!/0'9!+!,(02'#!56(>!*)(#5*/>!+2!+#!*99()*+5(!
+#)!24:25+#5*+-!560(+5;$%P!Q'1(@(0?!56(!-+1!0(C4*0(2!56(!'//*.(0!*#@'-@()!5'!.'9,-(5(!+!
10*55(#!0(,'05!7425*/>*#8!56(!84#!0(9'@+-!1*56*#!&N!6'402;$I%!D/5(0!56(!.'#/*2.+5*'#?!+!
6(+0*#8!9425!'..40!/'0!56(!,40,'2(!'/!)(5(09*#*#8!16(56(0!56(!84#2!26'4-)!.'#5*#4(!5'!:(!
6(-)!:+2()!'#!+!K.-(+0!+#)!.'#@*#.*#8M!25+#)+0);$II!<6(!0(2,'#)(#5!*#!56(!6(+0*#8!9425!:(!
#'5*/*()!'/!56(!5*9(?!)+5(?!+#)!-'.+5*'#!'/!56(!6(+0*#8;$I$!"5!*2!56(!25+5(B2!0(2,'#2*:*-*5>!5'!
(25+:-*26!.-(+0!+#)!.'#@*#.*#8!(@*)(#.(!56+5!56(!*#)*@*)4+-!,'2(2!+#!*99()*+5(!560(+5!5'!
2(-/!'0!'56(02;$IR!"/!56(!25+5(!9((52!56(!25+#)+0)?!+#>!84#2!0(9'@()!9+>!:(!6(-)!/'0!4,!5'!
'#(!>(+0!:>!56(!25+5(?!+#!+,,0'@()!56*0)!,+05>?!'0!+!-*.(#2()!/*0(+09!)(+-(0;$I&!<6(!
0(2,'#)(#5!+-2'!6+2!56(!',5*'#!'/!2(--*#8!56(!/*0(+092;$IS!T40*#8!56*2!5*9(!56(!0(2,'#)(#5!*2!
,0'6*:*5()!/0'9!,40.6+2*#8!+))*5*'#+-!/*0(+092;$IU!!!
!
V#.(!56(!.'405!+,,0'@(2!+!84#!0(9'@+-?!*#)*@*)4+-2!16'2(!84#2!+0(!6(-)!9425!1+*5!+5!-(+25!
IN%!)+>2!:(/'0(!/*-*#8!+!,(5*5*'#!5'!0(C4(25!+!0(@*(1!'/!56+5!)(.*2*'#;$IF!<6(!.'405!9425!
6'#'0!56+5!0(C4(25?!+#)!+5!56(!6(+0*#8!56(!,(5*5*'#(0!9425!,0'@(!:>!+!K,0(,'#)(0+#.(!'/!
56(!(@*)(#.(M!56+5!6(W26(!*2!#'5!)+#8(0'42;$IN!"/!56(!.'405!)(5(09*#(2!56+5!25+#)+0)!6+2!
:((#!9(5?!56(!,(5*5*'#(0!9+>!0(5+3(!,'22(22*'#!'/!6*2W6(0!/*0(+092;!"/!56(!25+#)+0)!*2!#'5!
9(5?!56(!,(5*5*'#(0!9+>!/*-(!+#'56(0!0(C4(25!5'!0(@*(1!56(!)(.*2*'#!+/5(0!IN%!)+>2!6+@(!
,+22();$IP!
!
D5!56(!.'#.-42*'#!'/!56(!.'405X'0)(0()!6'-)?!'0!*/!56(!.'405!)(5(09*#(2!56+5!+!.'#5*#4()!
6'-)!*2!#'5!1+00+#5()?!56(!*#)*@*)4+-!9+>!0(5+3(!,'22(22*'#!'/!56(*0!84#2;!$$%!Y6(#!24.6!+#!
*#)*@*)4+-!2((32!5'!0(5+*#!,'22(22*'#!'/!6*2W6(0!84#2?!-+1!(#/'0.(9(#5!/*025!.'#)4.52!+!
Z"[\!:+.380'4#)!.6(.3;$$I!]#-(22!56+5!.6(.3!0(@(+-2!+))*5*'#+-!,0'6*:*5*'#2!'#!56(!
0(2,'#)(#5B2!+:*-*5>!5'!-(8+-->!,40.6+2(!+#)!,'22(22!/*0(+092?!56(!0(2,'#)(#5!9+>!0(5+*#!
,'22(22*'#!'/!6*2W6(0!/*0(+092;$$$!!
!
T40*#8!56(!/*025!51'!>(+02!56(!-+1!1+2!*#!(//(.5!H$%%U!+#)!$%%FJ!'#(!.'4#5>!.'405!*#!
"#)*+#+,'-*2!6(+0)!IRR!.+2(2!*#@'-@*#8!/*0(+092!0(9'@()!4#)(0!56(!#(1!-+1;$$R!"#!+!
9*#'0*5>!'/!.+2(2!HP^J!56(!74)8(!'0)(0()!56(!84#2!0(540#()!5'!56(!'1#(0;$$&!_'25!'/!56'2(!
.+2(2!HUS^J!1(0(!+!0(2,'#2(!5'!24*.*)(!560(+5L!+!29+--!,'05*'#!HI%^J!1+2!,0'9,5()!:>!
25
!"#$%&'()*"+,)$)-../'0,1$"&'!22&)#&3'4&5'$63$%$37!1)'5+&6'2&8,%$69'976)':/;<='+,5&%&2'
8,)#'5&2&'&$#+&2'$6%,176#!2$1*':>?;<',2'%,176#!2$1*':@;<'#2!6)(,2#&3'4,2'()*"+$!#2$"'
&%!17!#$,6-..A'B72$69'#+&)&'4$2)#'#5,'*&!2)='$8(1&8&6#!#$,6'%!2$&3'32!8!#$"!11*-'
C(&"$4$"!11*='$6'.DD>'A@;',4'2&)(,63&6#)'&$#+&2'4!$1&3'#,'!((&!2'!#'#+&'",72#'+&!2$69':6E.D<'
,2'5&2&'6&%&2')&2%&3'#+&'6,#$"&',4'+&!2$69':6EFF<='(2&)78!G1*'G&"!7)&'#+&*'",713'6,#'G&'
1,"!#&3-'H6'",6#2!)#'!11'2&)(,63&6#)'5+,'+!3'976)'2&8,%&3'$6'.DDA'(!2#$"$(!#&3'$6'#+&'
)7G)&I7&6#'+&!2$69-'..>'
'
J,2&'2&"&6#'3!#!')799&)#'#+!#'$8(1&8&6#!#$,6',4'#+&'1!5'",6#$67&)'#,'&%,1%&-'K2,8'.DLD'#,'
.DL.'#+&'H63$!6!(,1$)'",76#*'",72#'#+!#'$6$#$!11*',23&2&3'976)'G&'2&#!$6&3'$6'8,2&'#+!6'
@D;',4'"!)&)'2&#726&3'5&!(,6)'#,'#+&',56&2)'$6'6&!21*'@D;',4'#+&'"!)&)-..@'K$2&!28'
1$"&6)&')7)(&6)$,6)='!'8&"+!6$)8'4,2'(2,+$G$#$69'6&5'976'(72"+!)&)='!1),'3&"1$6&3'
(2&"$($#,7)1*'!4#&2'#+&'4$2)#'*&!2'#+&'1!5'5!)'$6'&44&"#'!63'"+!11&69&)'8&&#$69'#+&'
#$8&42!8&)'4,2'+&!2$69)')(&"$4$&3'G*'#+&'1!5'+!%&'G&&6'6,#&3-..M='.FD'
'
!"#$%&
'N'O&P!)'1!5='5+$"+'5&6#'$6#,'&44&"#'$6'C&(#&8G&2'.DLF='!7#+,2$Q&)'1!5'&64,2"&8&6#'#,'
2&8,%&'976)'42,8'#+&'(,))&))$,6',4'(&2),6)'5$#+'8&6#!1'$116&))'5+,'(,)&'!6'$88$6&6#'
2$)R'#,'#+&8)&1%&)',2',#+&2)-.FL'N)'2&(,2#&3'G*'1,"!1'8&3$!='#+&'1!5'5!)'(!2#',4'!'1!29&2'"!11'
#,',%&2+!71'#+&')#!#&S)'8&6#!1'+&!1#+')*)#&8'!63'2&"&$%&3')7((,2#'42,8'1!5'&64,2"&8&6#'
5+,'%$&5'#+&'6&5'1!5'!)'!'5!*'#,'G&##&2'2&)(,63'#,'8&6#!1'+&!1#+'"2$)&)-.F.'0!))&3'!18,)#'
76!6$8,7)1*'G*'#+&'O&P!)'1&9$)1!#72&='#+&'6&5'1!5'!11,5)'!6'!22&)#$69',44$"&2'#,'2&8,%&'
976)'42,8'#+&'(&2),6'#!R&6'$6#,'"7)#,3*'$4'#+&',44$"&2'G&1$&%&)'#+&'(&2),6'+!)'!'8&6#!1'
$116&))'!63'!)'2&)71#'(,)&)'T)7G)#!6#$!1'2$)R',4')&2$,7)'+!28'#,'#+&'(&2),6',2',#+&2)'761&))'
#+&'(&2),6'$)'$88&3$!#&1*'2&)#2!$6&3-U.FF'O+&'1!5'$6"173&)'2&I7$2&8&6#)'4,2'1&9!1'+&!2$69)'
!63'(2,"&))&)'4,2'2&#726$69',2'3$)(,)$69',4'!6*'976)'#+!#'"!66,#'G&'2&#726&3'$4'#+&'(&2),6'
#2!6)(,2#&3'$)'(2,+$G$#&3'42,8'(,))&))$69'4$2&!28)-.F?'V!1$4,26$!'+!)'1,69'+!3'!')$8$1!2'
1!5-.F/'
'
O&P!)'1!5')(&"$4$&)'#+!#'#+&'!22&)#$69',44$"&2'87)#'(2,%$3&'#+&'$63$%$37!1'#!R&6'$6#,'"7)#,3*'
5$#+'!'2&"&$(#'4,2'!11'4$2&!28)'2&8,%&3'!63'$64,28!#$,6'!G,7#'#+&'(2,"&))'4,2'2&"1!$8$69'
#+,)&'4$2&!28)-.FA'W$#+$6'L/'3!*)'4,11,5$69'#+&'!22&)#='#+&'1!5'&64,2"&8&6#'!9&6"*'+,13$69'
#+&'976)'87)#')&63'#,'#+&'(&2),6S)'"1,)&)#'4!8$1*'8&8G&2'$64,28!#$,6'!G,7#'#+&'(2,"&372&'
4,2'2&#726$69'4$2&!28)'2&8,%&3'G*'1!5'&64,2"&8&6#'!#'#+&'#$8&',4'!22&)#-.F>'W$#+$6'FD'3!*)'
,4'#+&'!22&)#='#+&'1!5'&64,2"&8&6#'!9&6"*'87)#'2&I7&)#'$64,28!#$,6'42,8'#+&'",72#'!G,7#'
#+&'3$)(,)$#$,6',4'#+&'$63$%$37!1'#!R&6'$6#,'"7)#,3*-.F@'W$#+$6'FD'3!*)',4'2&"&$%$69'
$64,28!#$,6'42,8'#+&'",72#'#+!#'#+&'$63$%$37!1'$)'6,'1,69&2'$6'"7)#,3*='#+&'!9&6"*'87)#'
6,#$4*'#+&'$63$%$37!1'#+!#'+&X)+&'"!6'2&#!$6'(,))&))$,6',4'#+&$2'4$2&!28)',6"&'#+&'!9&6"*'
%&2$4$&)'+&X)+&'$)'6,#'(2,+$G$#&3'42,8'(,))&))$69'4$2&!28)-.FM'O+&'!9&6"*'$)'2&)(,6)$G1&'4,2'
",8(1&#$69'#+$)'G!"R92,763'"+&"R'5$#+$6'#+&'FDY3!*'(&2$,3-Z.?D'K,2'#+,)&'$63$%$37!1)'
5+,)&'!22&)#'5!)'4,11,5&3'G*'$6(!#$&6#'8&6#!1'+&!1#+'#2&!#8&6#='#+&'!9&6"*'87)#'6,#$4*'
#+&8'#+!#'#+&*'!2&'6,'1,69&2'&1$9$G1&'#,'(72"+!)&'!63'(,))&))'4$2&!28)['#+&'(2,"&))'4,2'
!((&!1$69'#+$)'3$)I7!1$4$"!#$,6['!63'#+&',(#$,6)'!%!$1!G1&'#,'#+&8'4,2'1&9!11*'3$)(,)$69',4'
#+&$2'4$2&!28)-'.?L'\,'$64,28!#$,6'!G,7#'#+&'$8(1&8&6#!#$,6',2'$8(!"#',4'#+$)'1!5'5!)'
!%!$1!G1&'!#'#+&'#$8&',4'#+$)'52$#$69-''
!
26
!"#$%%&'&(")#*$"+#,'$'-,#$.'/(0&1-#2$3#-"4(05-*-"'#'(#0-*(6-#4&0-$0*,#3/-"#'/-+#$00&6-#$'#
'/-#,5-"-#(4#$#%(*-,'&5#6&(2-"5-#&"5&%-"'#4(0#'/-#,$4-'+#(4#'/-#(44&5-0)#'/-#6&5'&*,#$"%#'/-#
7.82&59:;:)#:;<#
#
=$,-%#("#'/-,-#->&,'&"?#,'$'-#2$3,)#3-#,.??-,'#,'$'-,#$%(7'#70(5-%.0-,#'/$'#2$3#
-"4(05-*-"'#*$+#.,-#'(#0-*(6-#4&0-$0*,#40(*#*$"&4-,'2+#%$"?-0(.,#&"%&6&%.$2,#-&'/-0#
3&'/#(0#3&'/(.'#$#3$00$"'9##
#
@-*(6&"?#?.",#3&'/(.'#$#3$00$"'9#A(2&5-#$"%#,/-0&44B,#(44&5-0,#0-?.2$02+#0-,7("%#'(#50&,-,#
$"%#&"#'/-,-#5("'->',#0(.'&"-2+#$,,-,,#3/-'/-0#7-(72-#7(,-#$#'/0-$')#$"%#-*72(+#,'0$'-?&-,#
'(#*&"&*&1-#&%-"'&4&-%#'/0-$',#&"#$55(0%$"5-#3&'/#'/-&0#'0$&"&"?#$"%#,'$"%$0%&1-%#
$770($5/-,9#C4'-0#0-*(6&"?#4&0-$0*,#3/-"#,.5/#$#'/0-$'#&,#&%-"'&4&-%)#2$3#-"4(05-*-"'#3&22#
4&2-#$#0-7(0'#3&'/#'/-#5(.0'#D.,'&4+&"?#'/-#0-*(6$2#3&'/&"#;E#/(.0,9#F/-#5(.0'#3&22#,5/-%.2-#$#
/-$0&"?#3&'/&"#'3(#3--G,#(4#'/-#?.",#8-&"?#0-*(6-%#$"%#70(6&%-#"('&5-#(4#'/-#/-$0&"?#'(#
'/-#?."#(3"-09#C,,.0&"?#&*72-*-"'$'&("#(4#'/&,#70(6&,&("#&,#50.5&$2)#$,#'/-#->7-0&-"5-#&"#
!"%&$"$#%-*(",'0$'-,#'/$'#'&*-2+#%.-#70(5-,,#%&%#"('#/$77-"#&"#*(,'#5$,-,9:;;#C'#'/-#
/-$0&"?#'/-#,'$'-#3&22#8-$0#'/-#8.0%-"#(4#70((4#'(#%-*(",'0$'-#8+#52-$0#$"%#5("6&"5&"?#
-6&%-"5-#'/$'#'/-#&"%&6&%.$2#0-*$&",#$#0&,G#'(#,-24#(0#('/-0,9#F/-#5(.0'#*$+#5(",&%-0#'/-#
&"%&6&%.$2B,#/&,'(0+#(4#'/0-$'-"&"?#(0#%$"?-0(.,#8-/$6&(0)#/&,'(0+#(4#(0#5.00-"'#.,-#(4#
5("'0(22-%#,.8,'$"5-,)#/&,'(0+#(4#(0#5.00-"'#$8.,-#(4#$25(/(2)#$"%#/&,'(0+#(4#$%/-0-"5-#'(#
70-,50&8-%#7,+5/&$'0&5#*-%&5$'&(",9#A0&(0#&"6(2."'$0+#5(**&'*-"'#'(#$#7,+5/&$'0&5#4$5&2&'+#
(0#'(#(.'7$'&-"'#7,+5/&$'0&5#(0#7,+5/(2(?&5$2#'/-0$7+#*$+#$2,(#8-#5(",&%-0-%9#F/-#/-$0&"?#
3&22#%-'-0*&"-#&4#2$3#-"4(05-*-"'#3&22#0-'$&"#'/-#?.",#4(0#,$4-HG--7&"?9#!4#'/-#5(.0'#
%-'-0*&"-,#'/-#&"%&6&%.$2#0-*$&",#$#0&,G)#'/-#5(.0'#*$+#(0%-0#'/-#4&0-$0*,#/-2%#4(0#.7#'(#
("-#+-$0#8+#$#2&5-",-%#4&0-$0*#%-$2-0#(0#2(5$2#2$3#-"4(05-*-"'#$?-"5+9#I(0#'/-#%.0$'&("#(4#
'/&,#/(2%#'/-#&"%&6&%.$2#3&22#8-#70(/&8&'-%#40(*#7.05/$,&"?#4&0-$0*,)#$"%#'/-#J!KL#,+,'-*#
M(0#,'$'-#-N.&6$2-"'O#,/(.2%#8-#.7%$'-%#'(#&"52.%-#'/&,#&"4(0*$'&("9##
#
@-*(6&"?#?.",#3&'/#$#3$00$"'9#P/-"#2$3#-"4(05-*-"'#$?-"5&-,#M7(2&5-)#,/-0&44,)#$"%#
70(,-5.'(0,O#0-5-&6-#&"4(0*$'&("#40(*#*-*8-0,#(4#'/-#7.82&5#'/$'#$#40&-"%)#"-&?/8(0)#(0#
5(3(0G-0#7(,-,#$#0&,G#(4#/$0*#'(#,-24#(0#('/-0,)#'/-+#(4'-"#/$6-#2&''2-#0-5(.0,-#'(#$6-0'#
/$0*9#P-#0-5(**-"%#,'$'-,#$%(7'#$#K(""-5'&5.'H,'+2-#2$3#'/$'#70(6&%-,#$#3$00$"'H8$,-%#
70(5-,,#4(0#2$3#-"4(05-*-"'#'(#$,,-,,#5(*72$&"',#$8(.'#0&,G#(4#/$0*#$"%#0-*(6-#?.",#
3/-"#,.5/#$,,-,,*-"',#3$00$"'#$5'&("#3&'/#%.-#70(5-,,#70('-5'&(",#4(0#'/(,-#&"6(26-%9#
#
!"#$%%"&'()*$&+,-./+01"()"+(+&"2+#*3*4+1"5)1(*&*&6+$1'"1+71$#"55+)$+(44$2+71*3()"+
#*)*8"&5+)$+7")*)*$&+)9"+#$:1)+)$+1";:"5)+)9()+6:&5+<"+)"%7$1(1*4=+1"%$3"'+>1$%+(+
>(%*4=+%"%<"1+$1+*&)*%()"+7(1)&"1+29$+7$5"5+(&+*%%"'*()"+1*5?+$>+9(1%+)$+5"4>+$1+
$)9"15-++
!
=$,-%#("#'/-#->7-0&-"5-#(4#'/-#QR#,'$'-,#3&'/#ST@U,)#3-#0-5(**-"%#,'$'-,#50-$'-#$#"-3#
5&6&2#0-,'0$&"&"?#(0%-0#70(5-,,9#F/&,#"-3#70(5-,,#3(.2%#70(6&%-#4$*&2+#*-*8-0,#$"%#
&"'&*$'-#7$0'"-0,#3&'/#$#*-5/$"&,*#'(#&"&'&$'-#$#5(.0'#70(5--%&"?#'(#-6$2.$'-#'/-#
50-%&8&2&'+#(4#0-7(0',#$8(.'#&"%&6&%.$2,#3/(#7(,-#$#,-0&(.,#0&,G#(4#/$0*#$"%#$,,-,,#'/$'#
'/0-$'#$?$&",'#$"#-,'$82&,/-%#,'$"%$0%)#$,#%-,50&8-%#8-2(39#P/-0-#'/-#,'$"%$0%#&,#*-')#'/-#
5(.0'#3(.2%#/$6-#'/-#(7'&("#(4#&,,.&"?#$"#(0%-0#'(#0-*(6-#$"+#?.",#&"#'/-#0-,7("%-"',B#
27
!"##$##%"&'()*%#(+,&(-%".$&/$(0$#123%&%&4(526$2(7+-058("99$2#(3(:$/*3&%#:(9"2(
%&1$2;$&%&4(<*$&(3(93:%.=(:$:>$2("2(%&1%:31$(!321&$2(!"#$#(3(2%#?("9(;%".$&/$(1"(#$.9("2(
"1*$2#@($;$&(<*$&(6":$#1%/(;%".$&/$(%#(&"1(3&(%##,$'((
(
A&6$2(A'B'(/2%:%&3.(.3<(1*$(4";$2&:$&1(%&%1%31$#(!2"/$$6%&4#(%&(2$#!"&#$(1"(3(/2%:$'(C%;%.(
.3<("99$2#(3(:$/*3&%#:(9"2(!2%;31$(/%1%D$&#(1"(2$E,$#1(1*$(/",21F#(%&;".;$:$&1(%&(
/%2/,:#13&/$#(#!$/%9%$6(>=(.3<'(C%;%.(6":$#1%/(;%".$&/$(2$#123%&%&4("26$2#(7G-05#8(32$("&$(
$H3:!.$("9(*"<(/%;%.(.3<(%#(,#$6(1"(3662$##(;%".$&/$'(G-05#(32$(3;3%.3>.$(%&(3..(9%91=(#131$#(
3&6(!2";%6$(6":$#1%/(;%".$&/$(;%/1%:#(<%1*(3(!2"/$##(9"2($&434%&4(1*$(/",21(1"(#12,/1,2$(
!2"1$/1%"&#(1"(!2$;$&1(9,1,2$(;%".$&/$(1*31(6"$#(&"1(%&;".;$(3(/2%:%&3.(/":!.3%&1'(G-05(
!2"/$##$#(32$(93:%.%32(1"(1*$(!,>.%/(3&6(4$&$23..=(2$4326$6(3#(3&(%:!"213&1(!321("9(3(.324$2(
2$#!"&#$(#=#1$:(9"2(6":$#1%/(;%".$&/$(;%/1%:#'(I$6$23.(.3<(!2"*%>%1#(2$#!"&6$&1#(1"(
/$213%&(G-05#(92":(!,2/*3#%&4(3&6(!"##$##%&4(4,&#(9"2(1*$(6,231%"&("9(1*$("26$2@(3(
!2";%#%"&(2$!$31$6(%&(31(.$3#1(JK(#131$(.3<#'(JLM(N3&=("9(1*$#$(#131$(.3<#(&"1("&.=(!2"*%>%1(
1*$(3>,#$2(92":(!,2/*3#%&4("2(!"##$##%&4(9%2$32:#@(>,1(3.#"(:3&631$(1*31(1*$(3>,#$2(
#,22$&6$2(9%2$32:#(3.2$36=(%&(*%#("2(*$2(!"##$##%"&'JLO(
(
)*2$$(#1,6%$#(#,44$#1(1*31(#131$(!".%/%$#(.%:%1%&4(G-05(2$#!"&6$&1#F(3//$##(1"(9%2$32:#(32$(
3##"/%31$6(<%1*(3(2$6,/1%"&(%&(6":$#1%/(;%".$&/$(*":%/%6$#(%&(4$&$23.@(3&6(6":$#1%/(
;%".$&/$(4,&(*":%/%6$#(%&(!321%/,.32'(JLPQJLR(S"<$;$2@(3&($;3.,31%"&("9(1*$(.3<(%&(T"21*(
C32".%&3(2$;$3.$6(1*31(1*$(9%2$32:Q2$.31$6(%&1%:31$(!321&$2(;%".$&/$(<3#(,&399$/1$6(>=(1*$(
.3<'JMK()*%#(#1,6=(<3#(,&%E,$(%&(1*31(1*$(3,1*"2#(%&/.,6$6(3(:$3#,2$("9(9%2$32:(!"##$##%"&(
>=(G-05(2$#!"&6$&1#@(3&6(1*%#(2$#,.1(:3=(>$(>$/3,#$($99"21#(1"(2$:";$(4,&#(3.2$36=(%&(1*$(
3>,#$2F#(!"##$##%"&(<$2$(&"1("//,22%&4("&(3(#=#1$:31%/(>3#%#'(JMU((
(
G-05#(!2";%6$(3(:$/*3&%#:(9"2(!2%;31$(/%1%D$&#(1"(>2%&4(1"(1*$(/",21F#(311$&1%"&(
%&6%;%6,3.#(<*"(32$(/3,#%&4("2(1*2$31$&%&4(1"(/3,#$(;%".$&/$(%&(1*$(/"&1$H1("9(3&(%&1%:31$(
2$.31%"&#*%!(3&6(32$(3(1"".(9"2(!2$;$&1%&4(9,1,2$(;%".$&/$'(B131$#(*3;$(1*$(%&923#12,/1,2$(%&(
!.3/$(1"(#,!!"21(2$#123%&%&4("26$2(3!!.%/31%"&#@(*$32%&4#@(3&6(#$2;%/$'(C2$31%&4(3(&$<(
!2"/$##(1"(3.."<(93:%.=(:$:>$2#(1"(!$1%1%"&(1*$(/",21(<*$&(1*$=(*3;$(4""6(/3,#$(1"(
>$.%$;$(3(2$.31%;$(!"#$#(3&(%::$6%31$(2%#?("9(*32:(1"(#$.9("2("1*$2#(%#(3(!2":%#%&4(#1231$4=(
1"(!2$;$&1(4,&(;%".$&/$'(
(
!"#$#$%&$&'(#)"(*%+,#(#%(-,%)$.$#(-+,*)/0"(/&1(-%00"00$%&2(G-05#(3.."<(;%/1%:#("9(6":$#1%/(
;%".$&/$(1"(#$$?(3&("26$2(1"(!2$;$&1(9,21*$2(6":$#1%/(;%".$&/$(3&6(#":$1%:$#(%&/.,6$(3(
9%2$32:(!2"*%>%1%"&(3#(<$..'((V&(/"&123#1@(1*$(+-05(<",.6(9"/,#(#".$.=("&(9%2$32:#@(3&6(
<",.6(>$(>3#$6("&(3(9%&6%&4(1*31(1*$(!$2#"&(!2$#$&1#(3(#$2%",#(1*2$31("9(*32:(1"(#$.9("2(
"1*$2#'((T$;$21*$.$##@(1*$(!2"/$6,2$(1*31(%#(,#$6(:3=(>$(#%:%.32'(()*$(+-05(#*",.6(9".."<(
1*$(<$..Q$#13>.%#*$6(%&923#12,/1,2$("9(1*$("3(-/,#"4(1$:!"232=(2$#123%&%&4("26$2(!2"/$##'(
W*%.$(!2"/$##$#(6%99$2(3:"&4(1*$(#131$#@(4$&$23..=(1*$(!$1%1%"&$2(/":!.$1$#(3&(3!!.%/31%"&(
1*31(%&/.,6$#(%&9"2:31%"&(3>",1(1*$(!321%$#(%&;".;$6(3&6(1*$(>$*3;%"2#(1*31(.$6(1"(1*$(
!$1%1%"&@(3&6(#,>:%1#(1*$(/":!.$1$6(3!!.%/31%"&(1"(1*$(/",21'(X(Y,64$(1*$&(2$;%$<#(1*$(
2$E,$#1(3&6(6$/%6$#(<*$1*$2(1"(%##,$(3(2$#123%&%&4("26$2("2(6$&=(1*$(2$E,$#1'(V9(3(
1$:!"232=(2$#123%&%&4("26$2(%#(3,1*"2%D$6(,&6$2(1*$($H!3&6$6(/2%1$2%3(3&6(9%2$32:#(32$(
#,>#$E,$&1.=(2$:";$6@(1*$(/",21(<%..(#/*$6,.$(3(*$32%&4(31(<*%/*(1*$(2$#!"&6$&1(*3#(1*$(
2%4*1(1"(>$(!2$#$&1(<%1*(/",&#$.'()*$(*$32%&4(!2";%6$#(3&("!!"21,&%1=(9"2(1*$(2$#!"&6$&1(
28
!"#$%#&'(!#")#!*%#&("+%,,#-*%.#!*%#+"/(!#',,%,,%,#-*%!*%(#!"#%0!%.1#!*%#!%2&"('(3#"(1%(4#
5*%#&("+%,,#'.1#&("+%1/(%#)"(#!*%#*%'(6.7,#,*"/81#)"88"-#!*%#&("+%1/(%,#/.1%(#!*%#,!'!%9,#
:;<=#8'-4#
#
#
!""#""$%&'$((#)$*+#'+,-#*+'./',*-(0'>.#',,%,,6.7#!*%#!*(%'!#")#*'(2#!"#,%8)#"(#!"#"!*%(,#!*%#
+"/(!#2'3#+".,61%(#,/+*#)'+!"(,#',#!*%#&%!6!6".%(9,#'++"/.!#")#!*%#!*(%'!?#'.1#!*%#
(%,&".1%.!9,#*6,!"(3#")#!*(%'!%.6.7#"(#1'.7%("/,#$%*'@6"(A#*6,!"(3#")#"(#+/((%.!#/,%#")#
+".!("88%1#,/$,!'.+%,A#*6,!"(3#")#"(#+/((%.!#'$/,%#")#'8+"*"8A#'.1#*6,!"(3#")#'1*%(%.+%#!"#
&(%,+(6$%1#&,3+*6'!(6+#2%16+'!6".,4#5*%,%#)'+!"(,#2'3#6.+8/1%#!*(%'!,#")#,/6+61%4##B(6"(#
6.@"8/.!'(3#+"226!2%.!#!"#'#&,3+*6'!(6+#)'+686!3#"(#!"#"/!&'!6%.!#&,3+*6'!(6+#"(#
&,3+*"8"76+'8#!*%('&3#2'3#'8,"#$%#+".,61%(%1A#6)#,/+*#6.)"(2'!6".#6,#'@'68'$8%4#
#
1(23#(#%+$%&'+,#'2-.,$4$+$.%0#5"#',,/(%#!*'!#'#+"/(!#"(1%(%1#&("*6$6!6".#".#7/.#&/(+*',%#
'.1#&",,%,,6".#)"(#!*%#1/('!6".#")#!*%#"(1%(#6,#(%'86C%1A#,!'!%,#2/,!#6.+8/1%#D;<=,#6.#!*%#
1'!'#(%&"(!%1#!"#!*%#E>FG#$'+H7("/.1#+*%+H#,3,!%24#G6268'(83A#&("+%,,%,#)"(#(%2"@6.7#'.1#
,!"(6.7#7/.,A#',#'/!*"(6C%1#$3#!*%#+"/(!A#2/,!#'8,"#$%#%,!'$86,*%1#"(#+8'(6)6%1#/.1%(#,!'!%#
8'-4#I6(%'(2,#-688#$%#,/((%.1%(%1#$3#"(#(%2"@%1#)("2#!*%#(%,&".1%.!#622%16'!%83#/&".#
,%(@6+%#")#!*%##5'2*-+##"(1%(#'.1#*%81#$3#'#86+%.,%1#)6(%'(2#1%'8%(#"(#8"+'8#8'-#%.)"(+%2%.!#
)"(#!*%#1/('!6".#")#!*%#+6@68#(%,!('6.6.7#"(1%(4#
#
6#+7-%$%&'-#(.8#)'/$-#*-("'*+'+,#'9.%937"$.%'./'+,#'.-)#-0#J!#!*%#+".+8/,6".#")#!*%#+"/(!#
"(1%(A#,!'!%#"(#8"+'8#8'-#%.)"(+%2%.!#-688#+".1/+!#'#$'+H7("/.1#+*%+HA#6.+8/16.7#'#+*%+H#")#
!*%#E>FG#,3,!%2#6.#'++"(1'.+%#-6!*#%06,!6.7#&('+!6+%,#/.1%(#!*%#,!'!%9,#:;<=#,3,!%24#>)#!*%#
(%,&".1%.!#6,#."!#"!*%(-6,%#&("*6$6!%1#)("2#&/(+*',6.7#"(#&",,%,,6.7#'#)6(%'(2A#!*%#
(%,&".1%.!#-688#*'@%#!*%#"&&"(!/.6!3#!"#(%K/%,!#!*'!#'88#)6(%'(2,#(%2"@%1#$%#(%!/(.%1A#'.1#
!*%#E>FG#,3,!%2#L"(#,!'!%#%K/6@'8%.!M#-688#$%#/&1'!%1#!"#'88"-#!*%#(%,&".1%.!#!"#&/(+*',%#
7/.,4#N'-#%.)"(+%2%.!#-688#."!6)3#!*%#&%!6!6".%(#-*%.#!*%#(%,&".1%.!#!"#!*%6(#"(1%(#
(%K/%,!,#!*'!#7/.,#$%#(%!/(.%1#'.1#&("@61%#!*%#&%!6!6".%(#-6!*#6.)"(2'!6".#'$"/!#
&%!6!6".6.7#!*%#+"/(!#!"#6,,/%#'#.%-#"(1%(4#
#
!"#$%%"&'()*$&+,-,.+/&#01'"+'1"+23$#"44+23$)"#)*$&4+5$3+(55"#)"'+*&'*6*'1(04-+
72"#*5*#(0089+23$6*'"+3"42$&'"&)4+:*);+(&+$22$3)1&*)8+)$+2(3)*#*2()"+*&+(+;"(3*&<+
(5)"3+;(6*&<+);"*3+<1&4+3"%$6"'+=8+0(:+"&5$3#"%"&)+>,-?@+$3+);3$1<;+);"+AB!C+
23$#"44+>,-D@+(&'+(4413"+23$#"44"4+(3"+*&+20(#"+5$3+3")13&*&<+(00+3"%$6"'+<1&4+()+);"+
#$&#014*$&+$5+);"+)"%2$3(38+23$;*=*)*$&-+
#
6*+$.%*3#'
5*%#'/!*"(6!3#)"(#8'-#%.)"(+%2%.!#!"#(%2"@%#7/.,#/.1%(#<%+"22%.1'!6".#O4P#-6!*"/!#
+"/(!#"@%(,67*!#6,#.%%1%1#!"#$%#(%,&".,6@%#!"#%2%(7%.+3#,6!/'!6".,#6.#-*6+*#!*%#(6,H#")#
*'(2#!"#,%8)#"(#"!*%(,#6,#+(%16$8%#'.1#622%16'!%4#5*6,#6.!%(%,!#6.#&/$86+#,')%!3#2/,!#$%#
$'8'.+%1#'7'6.,!#1/%#&("+%,,#&("!%+!6".,#)"(#6.16@61/'8,#'))%+!%1#$3#!*6,#'/!*"(6!34#
#
:7#';-.9#""';-.+#9+$.%"'
J,#1%,+(6$%1#6.#!*%#&(%+%16.7#,%+!6".,A#<%+"22%.1'!6".#O4P#&("@61%,#1/%#&("+%,,#
&("!%+!6".,#$3#(%K/6(6.7#8'-#%.)"(+%2%.!#"))6+%(,#-*"#%0%(+6,%#!*6,#'/!*"(6!3#!"#)68%#'#
(%&"(!#%0&8'6.6.7#!*%6(#1%+6,6".#!"#(%2"@%#7/.,#'.1#,&%+6)36.7#!*'!#'#*%'(6.7#".#!*%#2'!!%(#
29
!"#$%&'((')%#''*%+&$,-%$.,%&/-,+-!#%+-,%-,!'0,12%3/!/(+-(4%5,6'!!,*1+$/'*%728%6+((#%&'-%+%
6/0/(%!"#$%&'!%.,+-/*9%&'(('),1%:4%+%&"((%.,+-/*9%$.+$%/*6("1,#%$.,%-,#;'*1,*$2%%
%
(!')&*+*,#(!-./!0#1)*2#
<((%$.-,,%-,6'!!,*1+$/'*#%#";;'-$%$/!,=(/!/$,1%;-'./:/$/'*#2%>-'0/1,1%$.,%-,#;'*1,*$%/#%
*'$%'$.,-)/#,%;-'./:/$,1%&-'!%;"-6.+#/*9%+*1%;'##,##/*9%9"*#%).,*%$.,%6'"-$%'-1,-%
,?;/-,#@%;-'6,##,#%+-,%*,,1,1%$'%+##"-,%9"*#%+-,%-,$"-*,1%/*%+%$/!,(4%!+**,-2%<66'-1/*9(4@%
:'$.%5,6'!!,*1+$/'*#%72A%+*1%728%/*6("1,%9"*%-,$"-*%;-'0/#/'*#2%
%
%
%
!
%
30
!"#"$%&'()&*+,'-".)$/''
!
"#$%!&'()&*!(&)+$,'%!-.$,/01'!2)&!*#'!,'+'3)(4'0*!)2!'+$,'01'56/%',!()3$1$'%!*)!(&'+'0*!
-.0!+$)3'01'7!8)9'+'&:!%.11'%%2.3!$4(3'4'0*/*$)0!)2!/0;!2$&'/&4!(&)#$6$*$)0!)&!'<(/0%$)0!
)2!%*/*'!3/9!,'('0,%!)0!/=!%*/*'%!'0*'&$0-!/33!&'3'+/0*!&'1)&,%!$0*)!*#'!>?@A!2$&'/&4!
6/1B-&).0,!1#'1B!%;%*'4!/0,!6=!/33!2$&'/&4!%/3'%!&'C.$&$0-!/!6/1B-&).0,!1#'1B7!!
!
"#'!>?@A!$%!*#'!2','&/3!6/1B-&).0,!1#'1B!%;%*'4!3$1'0%',!-.0!,'/3'&%!1#'1B:!/*!*#'!()$0*!)2!
%/3':!*)!+'&$2;!*#/*!*#'!(.&1#/%'&!$%!0)*!(&)#$6$*',!2&)4!(.&1#/%$0-!/0,!()%%'%%$0-!/!-.07!!
"#'!%;%*'4!&'3$'%!)0!$0(.*!2&)4!*#'!%*/*'%7!A*/*'%!%.64$*!*#'!0/4'%!)2!$0,$+$,./3%!
(&)#$6$*',!2&)4!#/+$0-!/!-.0!.0,'&!2','&/3!3/9!D!,.'!*)!4'0*/3!$330'%%!)&!)*#'&!&'/%)0%!D!
*)!*#'!2','&/3!>?@A!%;%*'47!!E'()&*$0-!6;!%*/*'%!$%!+)3.0*/&;:!/0,!4/0;!%*/*'%!3/1B!*#'!,/*/!
%;%*'4%!0'1'%%/&;!*)!&'()&*!&'1)&,%!*)!>?@A7!!")!,/*':!4/0;!%*/*'%!,)!0)*!&'()&*!1)4(3'*'!
&'1)&,%!D!(/&*$1.3/&3;!&'1)&,%!)2!1$+$3!1)44$*4'0*!D!*)!*#'!>?@A!%;%*'47FGF!A*/*'%!%#).3,!
9)&B!9$*#!*#'!HI?!*)!'0%.&'!*#/*!/33!&'3'+/0*!&'1)&,%!/&'!'0*'&',!$0*)!>?@A7!!
!
J%!*#'!%*/*'%!$01&'/%'!*#'$&!/6$3$*;!*)!'0%.&'!*#/*!&'1)&,%!2&)4!1$+$3!1)44$*4'0*!
(&)1'',$0-%!/&'!/.*)4/*$1/33;!'0*'&',!$0*)!*#'!>?@A!6/1B-&).0,!1#'1B!%;%*'4:!*#'&'!$%!/!
(/&/33'3!)(()&*.0$*;!2)&!%*/*'%!*)!/.*)4/*'!*#'!%;%*'4!%)!*#/*!,$%C./3$2;$0-!,)4'%*$1!
+$)3'01'!&'%*&/$0$0-!)&,'&%!)&!4$%,'4'/0)&!,)4'%*$1!+$)3'01'!1)0+$1*$)0%!/&'!
/.*)4/*$1/33;!$013.,',!$0!>?@A7!J%!9$*#!,$%C./3$2;$0-!4'0*/3!#'/3*#!&'1)&,%:!4/0;!%*/*'%!
#/+'!6''0!&'4$%%!$0!$013.,$0-!,$%C./3$2;$0-!,)4'%*$1!+$)3'01'!&'1)&,%!$0!*#'!>?@A!2$&'/&4!
6/1B-&).0,!1#'1B!%;%*'47!"#'!2$&%*!%*'(!*)!'0%.&$0-!*#/*!+$)3'0*!/6.%'&%!1/00)*!/11'%%!
2$&'/&4%!$%!4/B$0-!%.&'!*#/*!,$%C./3$2;$0-!&'1)&,%!/&'!$013.,',!$0!*#'!%;%*'47FGK!
!
L+'0!$2!'+'&;!&'1)&,!)2!2$&'/&4!,$%C./3$2$1/*$)0!9/%!%.64$**',!*)!>?@A:!0'9!2$&'/&4!
(&)#$6$*$)0%!9).3,!%*$33!0)*!6'!2.33;!'22'1*$+'!9$*#).*!/!6/1B-&).0,!1#'1B!)0!/33!-.0!%/3'%7!
@.&&'0*!2','&/3!3/9!)03;!&'C.$&'%!/!6/1B-&).0,!1#'1B!9#'0!/!2$&'/&4!$%!(.&1#/%',!2&)4!/!
3$1'0%',!2$&'/&4%!,'/3'&:!0)*!9#'0!/!2$&'/&4!$%!(.&1#/%',!2&)4!/!(&$+/*':!.03$1'0%',!%'33'&7!
?2!9'!1)0*$0.'!*)!/33)9!(&)#$6$*',!(.&1#/%'&%!*)!)6*/$0!2$&'/&4%!*#&).-#!(&$+/*'!%/3'%!
9$*#).*!/!6/1B-&).0,!1#'1B:!2$&'/&4!(.&1#/%'&%!9$33!6'!/63'!*)!/+)$,!%1&''0$0-!/3*)-'*#'&7!
?0!/,,$*$)0:!'+'0!9$*#!'0#/01',!3/9%!/0,!()3$1$'%:!&'%()0%'!*)!*#$%!$%%.'!4/;!+/&;!
1)0%$,'&/63;!6/%',!)0!3)1/*$)0:!/+/$3/6$3$*;!)2!%'&+$1'%:!/0,!3/9!'02)&1'4'0*!1)44$*4'0*7!!
J3*#).-#!*#'%'!-'0'&/3!()3$1;!&'1)44'0,/*$)0%!,)!0)*!&'(&'%'0*!0)+'3!3'-$%3/*$)0:!*#';!
/&'!'%%'0*$/3!*)!*#'!'22'1*$+'0'%%!)2!*#'!@)0%)&*$.4M%!&'1)44'0,/*$)0%7!!
!!
31
!"#"$%&'%(%)$*+&,"%(#-./(&&
&
'%(%)$*+&0$-.$-#-%(&'%1)#%2&#.&'%*.33%/2)#-./&456&7"$$%/#&(#)#%&1)8&(+."12&9%&
%:;)/2%2&#.&;$.+-9-#&-/2-<-2")1(&=$.3&;"$*+)(-/>&.$&;.((%((-/>&=-$%)$3(&)=#%$&)&
(+.$#?#%$3&-/<.1"/#)$@&+.(;-#)1-A)#-./B&7./*"$$%/#&";2)#%(&#.&$%(#.$)#-./&(+."12&
-/("$%&#+)#&#+%&(#)/2)$2(&)/2&;$.*%((%(&)$%&*1-/-*)11@&9)(%2&)/2&*./(-(#%/#B&&
&
!" #$%&'()*+(,$-$.(-/&(0.&.1-2(2-+,(31*)454$4/6(041.-17(3*,,.,,4*/(5'(4/&484&%-2,(
4/8*2%/$-142'(9*774$$.&($*(4/3-$4./$(3,'9)4-$149(9-1.(*1(-&:%&49-$.&(7./$-22'(
4/9*73.$./$(&%.($*(7./$-2(422/.,,(-00.9$(6%/(84*2./9.(4/(,$-$.,(+4$)(&400.1./$(3*249'(
-/&(,*94-2(9*/$.;$,"((<*1(.;-732.=($).(.00.9$,(*0($).(.;4,$4/6(0.&.1-2(2-+(*/(6%/(
84*2./9.(7-'(&400.1(&.3./&4/6(%3*/(,$-$.,>(6%/(2-+,=(4/8*2%/$-1'(9*774$7./$(
3*2494.,(-/&(31-9$49.,=(1-$.,(*0(6%/(*+/.1,)43=(-/&(3*3%2-$4*/(&.7*61-3)49,"(
?" @/8.,$46-$.(+).$).1(5-9A61*%/&(9).9A,(0*1(041.-17(3%19)-,.(,.18.(-,(-(&.$.11./$($*(
-$$.73$4/6(041.-17(3%19)-,.(-7*/6($)*,.(+4$)(,.14*%,(7./$-2(422/.,,"((B).(/%75.1(
*0(7./$-2().-2$)(1.9*1&,(4/($).(C-$4*/-2(@/,$-/$(D1474/-2(E-9A61*%/&(D).9A(#',$.7(
FC@D#G=(+)49)(249./,.&(6%/(&.-2.1,(9).9A(-$(3*4/$(*0(,-2.($*(4&./$40'(31*)454$.&(
3%19)-,.1,=()-,(4/91.-,.&(4/($).(3-,$($)1..('.-1,"(((H*+.8.1=(8.1'(0.+(*0($).,.(
1.9*1&,()-8.(1.,%2$.&(4/(&./4-2,(*0(041.-17(3%19)-,."((@$(4,(%/92.-1(+).$).1($)4,(4,(
5.9-%,.(0.+(3.*32.(4/($)4,(61*%3(+-/$($*(3%19)-,.(041.-17,=(5.9-%,.($).(
5-9A61*%/&(9).9A(,',$.7(,.18.,(-,(-(&.$.11./$($*(3%19)-,.(-$$.73$,=(*1(5.9-%,.(
31*)454$.&(3.1,*/,(+)*(&*(+4,)($*(3%19)-,.(041.-17,(-1.(-52.($*(.8-&.(5-9A61*%/&(
9).9A,(-/&(*5$-4/(6%/,(422.6-22'"(
I" J,,.,,(31.8-2./9.(*0(6%/(*+/.1,)43(-7*/6(,%561*%3,(*0(3.*32.(+4$)(7./$-2(422/.,,(
24A.2'($*(5.($-16.$.&(5'(6%/(3*2494.,"((J(,$%&'(%,4/6(&-$-(01*7($).(C@KH(C-$4*/-2(
D*7*154&4$'(#$%&'LM.3249-$4*/(0*%/&($)-$(-5*%$(!(4/(I(3.1,*/,(+4$)(240.$47.(
&4-6/*,-52.(7./$-2(&4,*1&.1,()-&(-99.,,($*(041.-17,=(+)42.(-5*%$(NO(9-114.&(-(6%/(
-/&(PO(,$*1.&(-(6%/(%/,-0.2'Q($).,.(046%1.,(&4&(/*$(&400.1(,46/4049-/$2'(01*7(1-$.,(4/(
$).(6./.1-2(3*3%2-$4*/"?NR((H*+.8.1=($).(1-$.,(*0(6%/(*+/.1,)43(-/&(-99.,,(-7*/6(
3.1,*/,(+)*()-8.(5../(4/8*2%/$-142'(9*774$$.&(*1(*$).1+4,.(2.6-22'(&4,S%-2404.&(
01*7(041.-17,(3*,,.,,4*/(-1.(%/A/*+/"(((M.,.-19)($*(*5$-4/($)4,(4/0*17-$4*/(+*%2&(
,).&(246)$(*/(+).$).1(.;4,$4/6(0.&.1-2(7./$-2().-2$)(31*)454$4*/,(*/(041.-17,(-1.(
5.4/6(4732.7./$.&(-/&(./0*19.&=(-/&(+).$).1($).'(-1.(.00.9$48.(4/(-9$%-22'(2474$4/6(
6%/(-99.,,($*(31*)454$.&(3.1,*/,(+4$)(7./$-2(422/.,,"(
R" T8-2%-$.($).(.00.9$,(*0(,$-$.L,3.94049(2-+,($*(31.8./$(,*7.(3.1,*/,(+4$)(7./$-2(
422/.,,(+)*(-1.(/*$(,%5:.9$($*(4/8*2%/$-1'()*,34$-24U-$4*/(-/&()-8.(/*$(5../(
-&:%&49-$.&(4/9*73.$./$(01*7()-84/6(6%/,=(,%9)(-,(C.+(V*1A>,(#J<T(J9$=(*/(
84*2./9.($*+-1&(*$).1,(-/&(,%494&."(((
N" @/8.,$46-$.(4732.7./$-$4*/(*0(7./$-2(422/.,,(6%/(1.,$149$4*/(3*2494.,(-91*,,(,$-$.,(
-/&(2*9-24$4.,"((M.,.-19)(4/($)4,(-1.-(,)*%2&(,..A($*(%/&.1,$-/&()*+=(4/(31-9$49.=(
$)*,.(31*)454$.&(01*7()-84/6(-(6%/(&%.($*(7./$-2(422/.,,(-1.(31.8./$.&(01*7(
3%19)-,4/6(-/&(3*,,.,,4/6(041.-17,"((@732.7./$-$4*/(1.,.-19)(,)*%2&(-2,*(
4/8.,$46-$.($).(1*2.,($)-$().-2$)9-1.(31*84&.1,=(.&%9-$*1,=(2-+(./0*19.7./$(-/&(
32
!"#$%&'"()$#!*+$%'&,*(-&./&"#$&.0,*$0$/"(".!/&!1&,!*.2.$'&"!&,%$3$/"&,$%'!/'&4."#&
0$/"(*&.**/$''&1%!0&(22$''./5&56/'7&&&&
87 9"6+-&.0,*$0$/"(".!/&!1&1.%$(%0&%$'"!%(".!/&,%!2$''$'7&&:$'$(%2#&./&"#.'&(%$(&
'#!6*+&$;(0./$&"#$&,%!2$''$'&6'$+&./&+.11$%$/"&'"("$'&"!&%$'"!%$&1.%$(%0&%.5#"'&"!&
,$%'!/'&,%!#.<."$+&1%!0&#(3./5&56/'&+6$&"!&0$/"(*&.**/$''7&&&
=7 >/3$'".5("$&#!4&$;.'"./5&'"("$&(/+&1$+$%(*&,!*.2.$'&"!&,%$3$/"&,$%'!/'&4."#&0$/"(*&
.**/$''&1%!0&#(3./5&56/'&(11$2"&'6.2.+$7&&
?7 9"6+-&.//!3(".3$&(,,%!(2#$'&"!&,%$3$/"./5&1.%$(%0&'6.2.+$'7&&:$'$(%2#&'#!6*+&1!26'&
!/&$3(*6("./5&,!*.2.$'&(/+&,%!5%(0'&./"$/+$+&"!&%$'"%.2"&(22$''&"!&1.%$(%0'&(0!/5&
./+.3.+6(*'&("&%.')&!1&(""$0,"./5&'6.2.+$7&&
@7 &9"6+-&"#$&%!*$&!1&1.%$(%0&(22$''&./&"#$&$,.+$0.2&!1&'6.2.+$&(0!/5&0.*."(%-&A$"$%(/'&
!1&+.11$%$/"&$%('&(/+&./&+.11$%$/"&(5$&5%!6,'7&&:$'$(%2#&!/&56/&3.!*$/2$&(/+&'6.2.+$&
./&"#.'&,!,6*(".!/&!1&2!/2$%/&'#!6*+&./3$'".5("$&(/+&2!0,(%$&1.%$(%0B&(/+&/!/B
1.%$(%0B%$*("$+&'6.2.+$&(/+&3.!*$/"&2%.0$&%.')&(0!/5&3$"$%(/'&4."#&0$/"(*&.**/$''C&
(0!/5&"#!'$&4#!&(%$&$/%!**$+&(/+&/!"&$/%!**$+&./&A$"$%(/'&D$(*"#&E+0./.'"%(".!/&
FAEG&'$%3.2$'C&(/+&"#!'$&4."#&(/+&4."#!6"&56/B+.'H6(*.1-./5&AE&!%&'"("$&%$2!%+'&!1&
0$/"(*&#$(*"#&(+I6+.2(".!/&!%&2%.0$7&&:$'$(%2#&'#!6*+&',$2.1.2(**-&$;(0./$&"#$&
.0,*$0$/"(".!/&(/+&$11$2".3$/$''&!1&AEJ'&,!*.2-&"!&,%!#.<."&1.%$(%0'&1%!0&3$"$%(/'&
4."#&,'-2#.("%.2&+.'(<.*.".$'&4#!&#(3$&<$$/&(''.5/$+&1.+62.(%.$'&"!&0(/(5$&"#$.%&AE&
<$/$1."'7&&&
KL7 9"6+-&"%(././5&!1&,'-2#.("%.2&%$'.+$/"'M&2*./.2(*&,'-2#!*!5.'"'M&2*./.2(*&'!2.(*&4!%)$%'M&
(/+&!"#$%&,%!1$''.!/(*'&4#!&%$',!/+&"!&'6.2.+$&"#%$("'7&&N#("&(%$&"#$-&"(65#"&(<!6"&
'$,(%("./5&'6.2.+(*&2*.$/"'&1%!0&"#$.%&56/'O&&
KK7 >/3$'".5("$&#$(*"#2(%$&,%!3.+$%'J&(""."6+$'&(/+&,%(2".2$'&%$*("$+&"!&1.%$(%0&
%$'"%.2".!/&(0!/5&,$%'!/'&4."#&0$/"(*&.**/$''7&&:$'$(%2#&'#!6*+&1!26'&!/&#!4&
#$(*"#2(%$&,%!3.+$%'&3.$4&"#$&,%!<*$0&(/+&4#("&"#$-&+!M&26%%$/"*-M&"!&"%-&"!&*.0."&
(22$''&"!&56/'&4#$/&1(2$+&4."#&(&,(".$/"&4#!&0(-&<$&("&%.')&!1&'6.2.+$&!%&!1&
2!00.""./5&3.!*$/2$&"!4(%+&!"#$%'7&&
KP7 >/3$'".5("$&.1&(/+&#!4&2!**$5$'&(/+&6/.3$%'.".$'&(""$0,"&"!&,%$3$/"&(22$''&"!&
1.%$(%0'&(0!/5&'"6+$/"'&.+$/".1.$+&('&("&%.')&!1&#(%0./5&"#$0'$*3$'&!%&!"#$%'7&&E'&
0$/"(*&.**/$''$'&!1"$/&+$3$*!,&(0!/5&2!**$5$B(5$&-!6/5&(+6*"'M&(&<$""$%&
6/+$%'"(/+./5&!1&#!4&2!**$5$'&(/+&6/.3$%'.".$'&2(/&#$*,&"!&,%$3$/"&1.%$(%0&'6.2.+$&
(/+&3.!*$/2$&"!4(%+&!"#$%'&.'&2%.".2(**-&.0,!%"(/"7&&9"6+.$'&0.5#"&1!26'&',$2.1.2(**-&
!/&#!4&2!**$5$'&(/+&6/.3$%'.".$'&#(3$&.0,*$0$/"$+&06*".B+.'2.,*./(%-&Q#%$("&
E''$''0$/"&Q$(0'C&$11$2".3$/$''M&(/+&<(%%.$%'&"!&$11$2".3$/$''&!1&"#$'$&"$(0'C&(/+&
#!4&2!**$5$'&(""$0,"&"!&<(*(/2$&2!/2$%/'&(<!6"&'"6+$/"&,%.3(2-M&+.'2%.0./(".!/M&
2(0,6'&'(1$"-M&(/+&2!**$5$J'&,$%2$.3$+&*$5(*&*.(<.*."-&1!%&(+3$%'$&'(1$"-&$3$/"'&('&
4$**&('&2!/'$H6$/2$'&!1&3(%.!6'&,!*.2.$'&(/+&./"$%3$/".!/'&F$757M&+.'2*!'./5&,%.3("$&
#$(*"#&./1!%0(".!/&(/+&$/1!%2./5&%$0!3(*&!1&$/%!**$+&'"6+$/"'&1%!0&2(0,6'&4#$/&
"#$-&(%$&("&%.')7G&
KR7 >/3$'".5("$&*(4&$/1!%2$0$/"&,!*.2.$'&(/+&,%(2".2$'&%$5(%+./5&,%$3$/".!/&!1&(22$''&"!&
1.%$(%0'&(0!/5&./+.3.+6(*'&4."#&'$%.!6'&0$/"(*&.**/$''7&
33
!"# $%&'()*+&,,(,-.*/+01+2*023*+4(,5+'*),&3+(33)*//+,04&6.+7-)+6*/,6(8,(0)+203(8(*/+
,&67*,()7+().(9(.-&3/+4(,5+/*6(0-/+'*),&3+5*&3,5+80).(,(0)/#++:*/*&685+/50-3.+108-/+
0)+,5(/+202-3&,(0);/+/-2206,<0220/(,(0)+&).+2*68*(9*.+/,(7'&+01+/-85+203(8(*/#+++
!=# $%&'()*+20,*),(&3+)*7&,(9*+80)/*>-*)8*/+01+*%(/,()7+'*),&3+(33)*//?108-/*.+7-)+
203(8(*/@+45(85+8&)+A09*6?(.*),(1B;+,5*+,&67*,+202-3&,(0)+4(,5+'*),&3+(33)*//+&).+
8&2,-6*+2*023*+&,+304+6(/C+01+1-,-6*+9(03*)8*#++D-,-6*+6*/*&685+/50-3.+()9*/,(7&,*+
504+/-85+203(8(*/+&11*8,+/,(7'&+&).+.(/86('()&,(0)@+'*),&3+5*&3,5+,6*&,'*),+
/**C()7@+&).+,5*6&2*-,(8+6*3&,(0)/5(2/#++
!
"#$#%&'(!)&*+&*,*#$!"#-%,#.!,+!"#'+//#0.%,*+0!123!40%',!0#5!6&+(*7*,*+0$!+0!
*0.*8*.9%-$:!%7*-*,;!,+!69&'(%$#!%0.!6+$$#$$!%!<*&#%&/!7%$#.!+0!6&#$#0'#!+<!#8*.#0'#=
7%$#.!&*$>!<%',+&$!<+&!8*+-#0'#?!!!!
!
!E# $9&3-&,*+,5*+('2&8,+01+/,&,*+3&4/+&3304()7+6*'09&3+01+1(6*&6'/+160'+2*6/0)/+
F*5&9()7+.&)7*60-/3B+G*#7#@+HI@+JKL@+&/+&3,*6)&,(9*/+06+/-223*'*),/+,0+6*/,6(8,(0)/+
108-/*.+0)+2*6/0)/+4(,5+'*),&3+(33)*//#+++
!M# I*4+'0.*3/+106+6*'09()7+1(6*&6'/+160'+2*6/0)/+F*5&9()7+.&)7*60-/3B+/50-3.+&3/0+
F*+.*9*302*.+&).+*9&3-&,*.#++D06+*%&'23*@+6*/*&685+()+,5(/+&6*&+80-3.+()106'+
.*9*302'*),+01+&+)*4+*%2&).*.+8(9(3+6*/,6&()()7+06.*6+2608*//+,0+&3304+7-)/+,0+F*+
3*7&33B+6*'09*.+160'+().(9(.-&3/@+()83-.()7+F-,+)0,+3('(,*.+,0+,50/*+4(,5+'*),&3+
(33)*//@+450+20/*+&+/*6(0-/+6(/C+01+5&6'+,0+/*31+06+0,5*6/#++
!N# H)9*/,(7&,*+45(85+/2*8(1(8+86(,*6(&+/50-3.+F*+-/*.+()+'&C()7+*9(.*)8*?F&/*.+
O-.7'*),/+01+.&)7*60-/)*//#++
+
"#$#%&'(!)&*+&*,*#$!"#-%,#.!,+!"#'+//#0.%,*+0!1@3!4A6%0.!,(#!'9&&#0,!'*8*-!
&#$,&%*0*0B!+&.#&!6&+'#$$!,+!%--+5!-%5!#0<+&'#/#0,!%0.!<%/*-;!/#/7#&$!,+!6#,*,*+0!
%!'+9&,!,+!%9,(+&*C#!$#*C9&#!+<!<*&#%&/$!%0.!*$$9#!%!,#/6+&%&;!6&+(*7*,*+0!+0!,(#!
69&'(%$#!%0.!6+$$#$$*+0!+<!<*&#%&/$!7%$#.!+0!%!$6#'*<*'D!$97$,%0,*%,#.!,(&#%,!+<!
6(;$*'%-!(%&/!,+!$#-<!+&!+,(#&$?!
+
!P# $%&'()*+20,*),(&3+)*7&,(9*+80)/*>-*)8*/+01+*%(/,()7+'*),&3+(33)*//?108-/*.+7-)+
203(8(*/@+45(85+8&)+A09*6?(.*),(1B;+,5*+,&67*,+202-3&,(0)+4(,5+'*),&3+(33)*//+&).+
8&2,-6*+2*023*+&,+304+6(/C+01+1-,-6*+9(03*)8*#++D-,-6*+6*/*&685+/50-3.+()9*/,(7&,*+
504+/-85+203(8(*/+&11*8,+/,(7'&+&).+.(/86('()&,(0)@+'*),&3+5*&3,5+,6*&,'*),+
/**C()7@+&).+,5*6&2*-,(8+6*3&,(0)/5(2/#+H)9*/,(7&,*+('23*'*),&,(0)+01+*%(/,()7+/,&,*+
1(6*&6'+/*(Q-6*+3&4/#++K0+.&,*@+3(,,3*+(/+C)04)+&F0-,+504+&).+45*)+/-85+3&4/+&6*+
-/*.#+H'206,&),+6*/*&685+>-*/,(0)/+()83-.*R++
&# H)+45&,+/(,-&,(0)/+&6*+*%(/,()7+1(6*&6'+/*(Q-6*+3&4/+F*()7+-/*.S++
F# T5*)+3&4+*)1068*'*),+&6*+)0,(1(*.+,5&,+&)+().(9(.-&3+(/+2605(F(,*.+160'+
5&9()7+&+7-)@+504+3(C*3B+&6*+,5*B+,0+()9*/,(7&,*+&).+/*(Q*+1(6*&6'/S++
8# T5*)+2*6/0)/+&6*+2605(F(,*.+160'+5&9()7+&+7-)+.-*+,0+/,&,*+06+1*.*6&3+3&4@+
504+01,*)+&6*+7-)/+&8,-&33B+/*(Q*.S++
.# U04+'&)B+7-)/+,5&,+&6*+/*(Q*.+&6*+-3,('&,*3B+6*/,06*.S++
34
!" #$%&'()'&$!'*+,-!))'.,+'.(+!%+/')!(01+!'%23'4(.'%**5(-%65!7'+!)&,+%&(,28''
." #$%&'$%**!2)'9$!2')!(0!3':12)'%+!'.,123'&,'6!'(55!:%58''
:" #$%&'&;*!)',.':12)'3,'!<()&(2:')!(01+!'5%9)'-,=!+8''>55'&;*!)',.'.(+!%+/)'4!":"'
$%23:12)'=!+)1)'5,2:':12)78'#$%&'%6,1&',&$!+'9!%*,2)?'5(@!'A%)!+)8''
BC" D2=!)&(:%&!'9$!&$!+'!<()&(2:')&%&!'.(+!%+/')!(01+!'5%9)'%**5;'&,':12)',92!3'6;'&$!'
*+,$(6(&!3'(23(=(31%5',25;?',+'%5),'&,':12)',92!3'6;',&$!+)'(2'&$!'$,1)!$,538''E,+'
!<%/*5!?'(.'%'9,/%2'()'*+,$(6(&!3'.+,/'$%=(2:'%'.(+!%+/?'-,153'$!+'$1)6%23F)'
.(+!%+/)'6!'-,2.()-%&!38''
BG" H=%51%&!'$,9':12')!(01+!'5%9)'%..!-&'&$,)!'9$,'2!!3'%'.(+!%+/'&,'3,'&$!(+'I,6?')1-$'
%)'5%9'!2.,+-!/!2&',..(-!+)',+')!-1+(&;':1%+3)"''A$!'*,&!2&(%5'&,'1)!':12')!(01+!'%)'
5!=!+%:!'.,+'/!2&%5'$!%5&$',+')16)&%2-!'1)!'&+!%&/!2&'%/,2:'&$()':+,1*')$,153'6!'
!<%/(2!3"'''
BB" D2=!)&(:%&!'9$(-$')*!-(.(-'-+(&!+(%')$,153'6!'1)!3'(2'/%@(2:'!=(3!2-!J6%)!3'
I13:/!2&)',.'3%2:!+,1)2!))"'''
!""#$#%&'()*+,+'-./)01+,$#%&,)
BK" >))!))'*+!=%5!2-!',.':12',92!+)$(*'%/,2:')16:+,1*)',.'*!,*5!'9(&$'/!2&%5'(552!))'
5(@!5;'&,'6!'&%+:!&!3'6;':12'*,5(-(!)"''E,+'!<%/*5!?'5(&&5!'()'@2,92'%6,1&':12'
,92!+)$(*'%6,1&'&$,)!'9$,'%+!'(2=,512&%+(5;'-,//(&&!3'&,'(2*%&(!2&'*);-$(%&+(-'
-%+!"''
BL" D2=!)&(:%&!'9$!&$!+'6%-@:+,123'-$!-@)'.,+'.(+!%+/'*1+-$%)!')!+=!'%)'%'3!&!++!2&'&,'
%&&!/*&(2:'.(+!%+/'*1+-$%)!'%/,2:'&$,)!'9(&$')!+(,1)'/!2&%5'(552!))"''A$!'21/6!+'
,.'/!2&%5'$!%5&$'+!-,+3)'(2'&$!'M%&(,2%5'D2)&%2&'N+(/(2%5'O%-@:+,123'N$!-@'P;)&!/'
4MDNP7?'9$(-$'5(-!2)!3':12'3!%5!+)'-$!-@'%&'*,(2&',.')%5!'&,'(3!2&(.;'*+,$(6(&!3'
*1+-$%)!+)?'$%)'(2-+!%)!3'(2'&$!'*%)&'&$+!!';!%+)"'''Q,9!=!+?'+!5%&(=!5;'=!+;'.!9',.'
&$!)!'+!-,+3)'$%=!'+!)15&!3'(2'3!2(%5)',.'.(+!%+/'*1+-$%)!?'%23'.1+&$!+'+!)!%+-$'()'
2!!3!3'&,'(3!2&(.;'&$!'+!%),2"''''
BR" >))!))'$,9'S)&%23';,1+':+,123F'5%9)'(2&!+)!-&'9(&$'/!2&%5'(552!))"''T,'&$!)!'5%9)?'
9$(-$'-+!%&!'6+,%3')-,*!'.,+')!5.J3!.!2)!'-5%(/)'(2')$,,&(2:)?'3()*+,*,+&(,2%&!5;'
%23'2!:%&(=!5;'(/*%-&'*!,*5!'9(&$'/!2&%5'3(),+3!+)8'''
)
35
!"#$%&'("#))
)
!"#$%&'(&)*+,-$.&)$/+(0123(#4$5+)#3)-$6&7+89$:%&'(&)*+,-;$+'87,4#($*"#$'3*+&'<($7#34+'=$
)#(#3)8"#)(>$?)38*+*+&'#)(>$3'4$34@&83*#($+'$=,'$@+&7#'8#$?)#@#'*+&'$3'4$-#'*37$"#37*"$
A"&$3)#$+'@#(*#4$+'$?)&-&*+'=$#@+4#'8#1B3(#4$?&7+8+#($*"3*$A&)0$*&$4#8)#3(#$=,'$@+&7#'8#C$$
D,)$)#8&--#'43*+&'($3)#$+'.&)-#4$B9$*"#$B#(*$3@3+73B7#$)#(#3)8"$#@+4#'8#C$$!"#$
)#8&--#'43*+&'($+'$*"+($)#?&)*$?)&@+4#$3$B7,#?)+'*$.&)$(*)#'=*"#'+'=$(*3*#$.+)#3)-$?&7+8#($
B9$#E?3'4+'=$.+)#3)-$?)&"+B+*+&'($*&$#'8&-?3(($=)&,?($*"#$)#(#3)8"$#@+4#'8#$("&A($3)#$
3*$"#+="*#'#4$)+(0$&.$8&--+**+'=$@+&7#'8#>$3'4$4#@#7&?+'=$-#8"3'+(-($*&$377&A$.&)$
.+)#3)-($*&$B#$)#-&@#4$.)&-$+'4+@+4,37($A"&$3)#$3*$3$(#)+&,($)+(0$&.$?"9(+837$"3)-$*&$(#7.$
&)$&*"#)(C$$
36
!
1
!"#$%&'%(!)*+*(!,'-./0&'%!1*2*(!3/4&5$%!6*7*(!8'/9'!:*1*(!64%!;*)*(!"#$/0<!:*"*(!=''9!>*)*!?@ABCD*!>/.E.%04%F!
2G%!H4'I.%J.!K%E'IE4%F!>.'LI.!#40M!"./4'G&!:.%0$I!KII%.&&*!!"#$%&'()*$')+&,-"'%")&')./"0&%12)3'4,0/&'()5,-&%6)
7&89):;&#"'%")1'#).'1-6<&<(!CCNOB*!
2
!PI-'F.%(!P*!Q*(!R!)'M%&'%(!"*!=*!?@AASD*!TM.!K%0/4J$0.!64%9!Q.0#..%!H4'I.%J.!$%U!:.%0$I!V4&'/U./!,.&GI0&!
3/'5!0M.!8$04'%$I!PL4U.54'I'F4J!"G/E.W!'%!1IJ'M'I!$%U!,.I$0.U!='%U404'%&*!.0%9&;"<),4)*"'"01-)5<6%9&1806(!
==?@D(!BO@NBXB*!
3
!=M'.(!)*(!T.LI4%(!6*(!R!1-/$5(!7*!?@AAYD*!>./L.0/$04'%!'Z!E4'I.%J.(!E4'I.%0!E4J0454<$04'%(!$%U!&.E./.!5.%0$I!
4II%.&&[!-$I$%J4%F!LG-I4J!M.$I0M!J'%J./%&*!5<6%9&180&%)>"0;&%"<(!?@?@D(!BOCNBX\*!
4
!Q/'#%(!2*!7*(!Q.J9(!1*!T*(!"0../(!,*!1*(!R!2/4&M$5(!)*!,*!?@AAAD*!,4&9!Z$J0'/&!Z'/!&G4J4U.!4%!L&WJM4$0/4J!
'G0L$04.%0&[!$!@ANW.$/!L/'&L.J04E.!&0GUW*!A,$0'1-),4)%,'<$-8&'()1'#)%-&'&%1-)B<6%9,-,(6(!=C?CD(!C]BNC]]*!
5
!:$I'%.(!7*!:*(!;$$&(!2*!6*(!"#..%.W(!)*!1*(!R!:$%%(!)*!)*!?BSSOD*!:$^'/!U.L/.&&4'%!$%U!0M.!/4&9!'Z!$00.5L0.U!
&G4J4U.*!A,$0'1-),4).44"%8&;")D&<,0#"0<(!EF?CD(!B]CNBYO*!
6
!;'W./0(!V*!6*(!R!_G(!)*!?@AB@D*!V.$0M&[!L/.I454%$/W!U$0$!Z'/!@ABB*!G18-)+&81-)>818)!"B(!=H?XD(!BNXO*!
7
!:J24%0W(!P*!P*(!+.-&0./(!V*!+*(!R!Q$//W(!=*!6*!?@ABCD*!2G%!L'I4JW!$%U!&./4'G&!5.%0$I!4II%.&&[!>/4'/404.&!Z'/!
ZG0G/.!/.&.$/JM!$%U!L'I4JW*!5<6%9&180&%)<"0;&%"<I)"B$J)19"1#),4)B0&'8)U'4[!BA*BB]X`$LL4*L&*@ABCAAB\B*!
8
!2'&04%(!6*!a*(!R!,.J'/U(!7*!6*!?@ABBD*!V$%F./'G&!>.'LI.!'/!V$%F./'G&!+.$L'%&*!A.K.2)L9")A,$0'1-),4)89")
./"0&%1')K"#&%1-).<<,%&18&,'(!EM??@AD(!@BAYN@BAS*!
9
!1LL.I-$G5(!>*(!R!"#$%&'%(!)*!?@ABAD*!6$#!R!L&WJM4$0/W[!FG%!I$#&!$%U!5.%0$I!4II%.&&[!M'#!&.%&4-I.!$/.!0M.!
JG//.%0!/.&0/4J04'%&b*!5<6%9&180&%)>"0;&%"<(!=H?]D(!XO@NXO\*!
10
!c4%(!>*(!R!8'/U.%0'Z0(!:*!?@AAOD*!"G4J4U.!/4&9!4%!/.I$04'%!0'!L&WJM4$0/4J!M'&L40$I4<$04'%[!.E4U.%J.!-$&.U!'%!
I'%F40GU4%$I!/.F4&0./&*!.0%9&;"<),4)*"'"01-)5<6%9&1806(!=N?\D(!\@]N!\C@*!
11
!"0.$U5$%(!;*!)*(!:GIE.W(!P*!>*(!:'%$M$%(!)*(!,'--4%&(!>*!=*(!1LL.I-$G5(!>*!"*(!2/4&&'(!T*(!***!R!"4IE./(!P*!?BSSYD*!
H4'I.%J.!-W!L.'LI.!U4&JM$/F.U!Z/'5!$JG0.!L&WJM4$0/4J!4%L$04.%0!Z$J4I404.&!$%U!-W!'0M./&!4%!0M.!&$5.!
%.4FM-'/M''U&*!.0%9&;"<),4)("'"01-)B<6%9&1806(!???OD(!CSCN\AB*!
12
!"#$%&'%(!)*+*(!,'-./0&'%!1*2*(!3/4&5$%!6*7*(!8'/9'!:*1*(!64%!;*)*(!"#$/0<!:*"*(!=''9!>*)*!?@ABCD*!>/.E.%04%F!
2G%!H4'I.%J.!K%E'IE4%F!>.'LI.!#40M!"./4'G&!:.%0$I!KII%.&&*!!"#$%&'()*$')+&,-"'%")&')./"0&%12)3'4,0/&'()5,-&%6)
7&89):;&#"'%")1'#).'1-6<&<(!CCNOB*!
13
!H$%!V'/%(!,*(!H'I$E9$(!)*(!R!)'M%&'%(!8*!?@AB@D*!:.%0$I!U4&'/U./!$%U!E4'I.%J.[!4&!0M./.!$!/.I$04'%&M4L!-.W'%U!
&G-&0$%J.!G&.b*!>,%&1-)5<6%9&1806)1'#)5<6%9&180&%):B&#"/&,-,(6(!FO?CD(!\Y]NOAC*!
14
!PI-'F.%(!P*!Q*(!R!)'M%&'%(!"*!=*!?@AASD*!TM.!K%0/4J$0.!64%9!Q.0#..%!H4'I.%J.!$%U!:.%0$I!V4&'/U./!,.&GI0&!
3/'5!0M.!8$04'%$I!PL4U.54'I'F4J!"G/E.W!'%!1IJ'M'I!$%U!,.I$0.U!='%U404'%&*!.0%9&;"<),4)*"'"01-)5<6%9&1806(!
==?@D(!BO@NBXB*!
15
!:J24%0W(!P*!P*(!+.-&0./(!V*!+*(!R!Q$//W(!=*!6*!?@ABCD*!2G%!L'I4JW!$%U!&./4'G&!5.%0$I!4II%.&&[!>/4'/404.&!Z'/!
ZG0G/.!/.&.$/JM!$%U!L'I4JW*!5<6%9&180&%)<"0;&%"<I)"B$J)19"1#),4)B0&'82)U'4[!BA*BB]X`$LL4*L&*@ABCAAB\B*!
16
!"#$%&'%(!)*+*(!,'-./0&'%!1*2*(!3/4&5$%!6*7*(!8'/9'!:*1*(!64%!;*)*(!"#$/0<!:*"*(!=''9!>*)*!?@ABCD*!>/.E.%04%F!
2G%!H4'I.%J.!K%E'IE4%F!>.'LI.!#40M!"./4'G&!:.%0$I!KII%.&&*!!"#$%&'()*$')+&,-"'%")&')./"0&%12)3'4,0/&'()5,-&%6)
7&89):;&#"'%")1'#).'1-6<&<(!CCNOB*!
17
!1LL.I-$G5(!>*(!R!"#$%&'%(!)*!?@ABAD*!6$#!R!L&WJM4$0/W[!FG%!I$#&!$%U!5.%0$I!4II%.&&[!M'#!&.%&4-I.!$/.!0M.!
JG//.%0!/.&0/4J04'%&b*!5<6%9&180&%)>"0;&%"<(!=H?]D(!XO@NXO\*!
18
!"#$%&'%(!)*!+*(!;'I<./(!=*!P*(!2$%^G(!H*!7*(!R!)'%'(!,*!T*!?BSSAD*!H4'I.%J.!$%U!>&WJM4$0/4J!V4&'/U./!4%!0M.!
='55G%40W[!PE4U.%J.!3/'5!0M.!PL4U.54'I'F4J!=$0JM5.%0!1/.$!"G/E.W&*!5<6%9&180&%)>"0;&%"<(!FH?]D(!]XBN]]A*!
19
!T.LI4%(!6*!1*(!:J=I.II$%U(!2*!:*(!1-/$5(!7*!:*(!R!+.4%./(!V*!1*!?@AAOD*!=/45.!E4J0454<$04'%!4%!$UGI0&!#40M!
&.E./.!5.%0$I!4II%.&&[!J'5L$/4&'%!#40M!0M.!%$04'%$I!J/45.!E4J0454<$04'%!&G/E.W*!.0%9&;"<),4)("'"01-)B<6%9&1806(!
=N?YD(!SBBNS@B*!
20
!PI-'F.%(!P*!Q*(!R!)'M%&'%(!"*!=*!?@AASD*!TM.!K%0/4J$0.!64%9!Q.0#..%!H4'I.%J.!$%U!:.%0$I!V4&'/U./!,.&GI0&!
3/'5!0M.!8$04'%$I!PL4U.54'I'F4J!"G/E.W!'%!1IJ'M'I!$%U!,.I$0.U!='%U404'%&*!.0%9&;"<),4)*"'"01-)5<6%9&1806(!
==?@D(!BO@NBXB*!
21
!H$%!V'/%(!,*(!H'I$E9$(!)*(!R!)'M%&'%(!8*!?@AB@D*!:.%0$I!U4&'/U./!$%U!E4'I.%J.[!4&!0M./.!$!/.I$04'%&M4L!-.W'%U!
&G-&0$%J.!G&.b*!>,%&1-)5<6%9&1806)1'#)5<6%9&180&%):B&#"/&,-,(6(!FO?CD(!\Y]NOAC*!
22
!=M'.(!)*(!T.LI4%(!6*(!R!1-/$5(!7*!?@AAYD*!>./L.0/$04'%!'Z!E4'I.%J.(!E4'I.%0!E4J0454<$04'%(!$%U!&.E./.!5.%0$I!
4II%.&&[!-$I$%J4%F!LG-I4J!M.$I0M!J'%J./%&*!5<6%9&180&%)>"0;&%"<(!?@?@D(!BOCNBX\*!
37
23
!"#$%&'(!)*(!+&,-&.(!/*(!0!1,''(!2*!345567*!8,9&!.,:&9!;<!<%.&,.=!>;99&99%;?!@A!B;9>%:,'%C&D!>9A#B%,:.%#!
>,:%&?:9*!!"#$%&'()&$*+,)-&$,"(!./3E7(!FFGHFFI*!
24
!J'@;K&?(!J*!8*(!0!L;B?9;?(!2*!/*!3455M7*!NB&!O?:.%#,:&!P%?Q!8&:R&&?!S%;'&?#&!,?D!"&?:,'!)%9;.D&.!T&9U':9!
V.;=!:B&!$,:%;?,'!J>%D&=%;';K%#!2U.-&A!;?!W'#;B;'!,?D!T&',:&D!/;?D%:%;?9*!0)$%&-,"*12*3,4,)'5*!"#$%&'()#(!
66347(!GF4HGXG*!
25
!S,?!);.?(!T*(!S;',-Q,(!L*(!0!L;B?9;?(!$*!345G47*!"&?:,'!D%9;.D&.!,?D!-%;'&?#&Y!%9!:B&.&!,!.&',:%;?9B%>!@&A;?D!
9U@9:,?#&!U9&Z*!+1$&'5*!"#$%&'()#*'47*!"#$%&'()&$*89&7,:&151;#(!<=3I7(!E[6HF5I*!
26
!+&@9:&.(!)*!+*(!0!S&.?%#Q(!L*!2*!3455M7*!\&&>%?K!<%.&,.=9!<.;=!D.UK!,?D!,'#;B;'!,@U9&.9*!>4?@)#*!),-,4(&14(!
A.3X7(!E4FHE46*!
27
!2R,?9;?(!L*!+*(!1;'C&.(!/*!J*(!],?^U(!S*!\*(!0!L;?;(!T*!N*!3GMM57*!S%;'&?#&!,?D!_9A#B%,:.%#!)%9;.D&.!%?!:B&!
/;==U?%:AY!J-%D&?#&!V.;=!:B&!J>%D&=%;';K%#!/,:#B=&?:!W.&,!2U.-&A9*!!"#$%&'()&$*+,)-&$,"(!<A367(!6XGH665*!
28
*G[!`?%:&D!2:,:&9!/;D&!W??;:,:&D!a!M44!`?',R<U'!W#:9!3]7!
29
!2R,?9;?(!L*+*(!T;@&.:9;?!W*]*(!V.%9=,?!P*\*(!$;.Q;!"*W*(!P%?!1*L*(!2R,.:C!"*2*(!/;;Q!_*L*!345GI7*!_.&-&?:%?K!
]U?!S%;'&?#&!O?-;'-%?K!_&;>'&!R%:B!2&.%;U9!"&?:,'!O''?&99*!B,7@$&4;*3@4*C&15,4$,*&4*0:,)&$'D*>421):&4;*!15&$#*
E&(%*8-&7,4$,*'47*04'5#"&"(!IIHFG*!
30
!2R,?9;?(!L*+*(!T;@&.:9;?!W*]*(!V.%9=,?!P*\*(!$;.Q;!"*W*(!P%?!1*L*(!2R,.:C!"*2*(!/;;Q!_*L*!345GI7*!_.&-&?:%?K!
]U?!S%;'&?#&!O?-;'-%?K!_&;>'&!R%:B!2&.%;U9!"&?:,'!O''?&99*!B,7@$&4;*3@4*C&15,4$,*&4*0:,)&$'D*>421):&4;*!15&$#*
E&(%*8-&7,4$,*'47*04'5#"&"(!IIHFG*!
31
!2R,?9;?(!L*+*(!T;@&.:9;?!W*]*(!V.%9=,?!P*\*(!$;.Q;!"*W*(!P%?!1*L*(!2R,.:C!"*2*(!/;;Q!_*L*!345GI7*!_.&-&?:%?K!
]U?!S%;'&?#&!O?-;'-%?K!_&;>'&!R%:B!2&.%;U9!"&?:,'!O''?&99*!B,7@$&4;*3@4*C&15,4$,*&4*0:,)&$'D*>421):&4;*!15&$#*
E&(%*8-&7,4$,*'47*04'5#"&"(!IIHFG*!
I4!b%?(!_*(!0!$;.D&?:;<:(!"*!3455F7*!2U%#%D&!.%9Q!%?!.&',:%;?!:;!>9A#B%,:.%#!B;9>%:,'%C,:%;?Y!&-%D&?#&!@,9&D!;?!
';?K%:UD%?,'!.&K%9:&.9*!0)$%&-,"*12*3,4,)'5*!"#$%&'()#(!6F3E7(!E46H!EI4*!
II!2:&,D=,?(!1*!L*(!"U'-&A(!J*!_*(!";?,B,?(!L*(!T;@@%?9(!_*!/*(!W>>&'@,U=(!_*!2*(!].%99;(!N*(!***!0!2%'-&.(!J*!3GMM[7*!
S%;'&?#&!@A!>&;>'&!D%9#B,.K&D!<.;=!,#U:&!>9A#B%,:.%#!%?>,:%&?:!<,#%'%:%&9!,?D!@A!;:B&.9!%?!:B&!9,=&!
?&%KB@;.B;;D9*!0)$%&-,"*12*;,4,)'5*9"#$%&'()#(!..3F7(!IMI!H!E5G*!
34
!/,'*!+&'<*!0!O?9:*!/;D&!a!FGF5!
35
!/,'*!+&'<*!0!O?9:!/;D&!a![G5I!
36
!8;9:R%#Q!L"(!_,?Q.,:C!S2!345557*!!W<<&#:%-&!)%9;.D&.9!,?D!2U%#%D&!T%9QY!W!T&&c,=%?,:%;?G**0:,)&$'4*H1@)4'5*
12*!"#$%&'()#I*A.=3G47(!GM4FHGMI4*!
37
!1;A&.:(!)*!P*(!0!dU(!L*!345G47*!)&,:B9Y!>.&'%=%?,.A!D,:,!<;.!45GG*!J'(5*C&('5*+('(*B,9(!6A3X7(!GHXF*!
38
!"%''&.(!"*(!P%>>=,??(!2*!L*(!WC.,&'(!)*(!0!1&=&?R,A(!)*!345567*!1;U9&B;'D!<%.&,.=!;R?&.9B%>!,?D!.,:&9!;<!
9U%#%D&!,#.;99!:B&!F5!`?%:&D!2:,:&9*!K%,*H1@)4'5*12*K)'@:'*'47*0$@(,*L'),*+@);,)#(!6F3E7(!G54MHG5IF*!
39
!"%''&.(!"*(!WC.,&'(!)*(!0!1&=&?R,A(!)*!3455E7*!NB&!&>%D&=%;';KA!;<!#,9&!<,:,'%:A!.,:&9!<;.!9U%#%D&!%?!:B&!
?;.:B&,9:*!044'5"*12*,:,);,4$#*:,7&$&4,(!<M3X7(!64IH6I5*!
40
!1;A&.:(!)*!P*(!0!dU(!L*!345G47*!)&,:B9Y!>.&'%=%?,.A!D,:,!<;.!45GG*!J'(5*C&('5*+('(*B,9(!6A3X7(!GHXF*!
41
!1;A&.:(!)*!P*(!0!dU(!L*!345G47*!)&,:B9Y!>.&'%=%?,.A!D,:,!<;.!45GG*!J'(5*C&('5*+('(*B,9(!6A3X7(!GHXF*!
42
!"#]%?:A(!J*!J*(!+&@9:&.(!)*!+*(!0!8,..A(!/*!P*!345GI7*!]U?!>;'%#A!,?D!9&.%;U9!=&?:,'!%''?&99Y!_.%;.%:%&9!<;.!
<U:U.&!.&9&,.#B!,?D!>;'%#A*!!"#$%&'()&$*",)-&$,"I*,9@N*'%,'7*12*9)&4(I*D;%Y!G5*GG6Xe,>>%*>9*45GI55GEG*!
43
!PUDR%K(!L*(!0!/;;Q(!_*!L*!345557*!1;=%#%D&!,?D!9U%#%D&!.,:&9!,99;#%,:&D!R%:B!%=>'&=&?:,:%;?!;<!:B&!8.,DA!
1,?DKU?!S%;'&?#&!_.&-&?:%;?!W#:*!H0O0D*K%,*H1@)4'5*12*(%,*0:,)&$'4*O,7&$'5*0""1$&'(&14(!F/<3F7(!F[FHFMG*!
44
!"%''&.(!"*(!P%>>=,??(!2*!L*(!WC.,&'(!)*(!0!1&=&?R,A(!)*!345567*!1;U9&B;'D!<%.&,.=!;R?&.9B%>!,?D!.,:&9!;<!
9U%#%D&!,#.;99!:B&!F5!`?%:&D!2:,:&9*!K%,*H1@)4'5*12*K)'@:'*'47*0$@(,*L'),*+@);,)#(!6F3E7(!G54MHG5IF*!
45
!"%''&.(!"*(!0!1&=&?R,A(!)*!3GMMM7*!NB&!.&',:%;?9B%>!@&:R&&?!<%.&,.=9!,?D!9U%#%D&Y!,!.&-%&R!;<!:B&!
'%:&.,:U.&*!0;;),""&14*'47*C&15,4(*P,%'-&1)(!<3G7(!FMH6F*!
46
!8.&?:(!)*!W*(!_&.>&.(!L*!W*(!W''=,?(!/*!L*(!";.%:C(!]*!"*(!+,.:&'',(!"*!J*(!0!f&'&?,Q(!L*!_*!3GMMG7*!NB&!>.&9&?#&!,?D!
,##&99%@%'%:A!;<!<%.&,.=9!%?!:B&!B;=&9!;<!,D;'&9#&?:!9U%#%D&9*!H0O0D*K%,*H1@)4'5*12*(%,*0:,)&$'4*O,7&$'5*
0""1$&'(&14(!F6634G7(!4M[MH4MMF*!
47
!8.&?:(!)*!W*(!_&.>&.(!L*!W*(!";.%:C(!]*(!8,UKB&.(!"*(!0!W''=,?(!/*!3GMMI7*!2U%#%D&!%?!,D;'&9#&?:9!R%:B!?;!
,>>,.&?:!>9A#B;>,:B;';KA*!H1@)4'5*12*(%,*0:,)&$'4*0$'7,:#*12*L%&57*Q*0715,"$,4(*!"#$%&'()#(!MF3I7!EMEgF55*!
48
!8.&?:(!)*!W*(!_&.>&.(!L*!W*(!];'D9:&%?(!/*!J*(!\;'Q;(!)*!L*(!W'',?(!"*!L*(!W''=,?(!/*!L*(!0!f&'&?,Q(!L*!_*!3GM[[7*!T%9Q!
<,#:;.9!<;.!,D;'&9#&?:!9U%#%D&Y!,!#;=>,.%9;?!;<!,D;'&9#&?:!9U%#%D&!-%#:%=9!R%:B!9U%#%D,'!%?>,:%&?:9*!0)$%&-,"*12*
3,4,)'5*!"#$%&'()#(!<.3X7(!F[GHF[[*!
38
49
!"#$%&'!()!*)'!+$#,$#'!-)!*)'!./#0&1'!2)'!"3456$#'!.)'!7869$$#:'!-)'!;!</&6'!=)!>?@@AB)!C0#$3#D:!3%E!3E/F$:8$%&!
:4080E$G!3!8/DD4%0&H!83:$I8/%&#/F!:&4EH)!!"#$%&'()*+),'-%./"%#()0)!-*1'(#'2/)3'-%#%2''!456>?JB'!?JKKI?JL?)!
50
!"#$%&'!()!*)'!+$#,$#'!-)!*)'!./#0&1'!2)'!"3456$#'!.)'!7869$$#:'!-)'!;!</&6'!=)!>?@@MB)!74080E$!0%!3NN$8&0O$FH!0FF!
3E/F$:8$%&:G!3!83:$I8/%&#/F!:&4EH)!7*8"2.1)*+).++'#/%&')-%(*"-'"('!94>AB'!?@AIPJP)!
51
!=/%9$FF'!Q)'!(4R$#:&$0%'!+)!<)'!=/%%/#'!S)'!TR$#FH'!7)'!=/U'!=)'!;!=30%$'!T)!()!>PJJPB)!*88$::!&/!N0#$3#D:!3%E!#0:V!
N/#!:4080E$!0%!D0EEF$I35$E!3%E!/FE$#!3E4F&:)!:$')!;'"%#.2)<*8"2.1)*+)='"%./"%#)>(?#$%./"?'!4@>MB'!MJLIM?K)!
52
!=4DD0%5:'!+)'!S/$,:$FF'!W)!()'!2#/::D3%'!()!=)'!73O3#0%/'!-)'!;!W6/D,:/%'!<)!7)!>?@@LB)!W6$!3::/803&0/%!
R$&9$$%!&6$!,4#863:$!/N!3!63%E54%!3%E!6/D080E$!/#!:4080E$)!!;'"%#.2)7*8"2.1)*+),8A1%#)B'.1/$'!C6>KB'!@LMI
@LX)!
53
!S$FF$#D3%%'!*)!Y)'!<0O3#3'!C)!+)'!7/D$:'!2)'!<$3H'!()!W)'!C#3%80:8/'!-)'!"3%&/%'!-)!2)'!)))!;!Z38VD3%'!")!")!>?@@PB)!
74080E$!0%!&6$!6/D$!0%!#$F3&0/%!&/!54%!/9%$#:60,)!D'E)F2=1.2-)7*8"2.1)*+)3'-%#%2''!9G6>LB'!MKLIMLP)!
54
![0$R$'!()!-)!>PJJAB)!Z/D080E$!3%E!:4080E$!#0:V:!3::/803&$E!90&6!N0#$3#D:!0%!&6$!6/D$G!3!%3&0/%3F!83:$I
8/%&#/F!:&4EH)!!22.1()*+)';'"='2#?);'-%#%2''!54>KB'!LL?ILXP)!
55
!7636'!7)'!Z/NND3%'!<)!T)'![3V$'!Y)'!;!.3#0%$'![)!.)!>PJJJB)!*E/F$:8$%&!:4080E$!3%E!6/4:$6/FE!388$::!&/!
N0#$3#D:!0%!=/F/#3E/G!#$:4F&:!/N!3!83:$I8/%&#/F!:&4EH)!7*8"2.1)*+)!-*1'(#'2/)B'.1/$'!GH>AB'!?\LI?KA)!
56
!(36FR$#5'!Y)!Y)'!]V$E3'!<)!.)'!;!S#$:%/9'!.)!-)!>PJJMB)!24%:!0%!&6$!6/D$!3%E!#0:V!/N!3!O0/F$%&!E$3&6!0%!&6$!
6/D$G!N0%E0%5:!N#/D!3!%3&0/%3F!:&4EH)!!;'"%#.2)7*8"2.1)*+)F>%-';%*1*=?'!4H@>?JB'!@P@I@AK)!
57
!S4%5'!Z)!=)'!+$3#:/%'!-)!Y)'!;!Y04'!^)!>PJJAB)!<0:V!N38&/#:!N/#!D3F$!3%E!N$D3F$!:4080E$!E$8$E$%&:!35$:!?\_KM!0%!
&6$!`%0&$E!7&3&$:)!I*#%.1)>(?#$%./"?).2-)>(?#$%./"%#)'>%-';%*1*=?'!9C>XB'!M?@IMPK)!
58
![0%&$D4&$'!2)!-)'!+3#63D'!=)!*)'!"$34D/%&'!-)!-)'![#056&'!.)'!;!(#3V$'!=)!>?@@@B)!./#&3F0&H!3D/%5!#$8$%&!
,4#863:$#:!/N!63%E54%:)!D'E)F2=1.2-)7*8"2.1)*+)3'-%#%2''!954>P?B'!?\XAI?\X@)!
59
!.0FF$#'!.)'!"3#R$#'!=)'![60&$'!<)!*)'!;!*1#3$F'!()!>PJ?AB)!C0#$3#D:!3%E!:4080E$!0%!&6$!`%0&$E!7&3&$:G!]:!#0:V!
0%E$,$%E$%&!/N!4%E$#FH0%5!:4080E3F!R$63O0/#a)!!;'"%#.2)<*8"2.1)*+)'>%-';%*1*=?'!46C>KB'!@MKI@\\)!
60
!.0FF$#'!.)'!;!Z$D$%93H'!()!>PJJXB)!24%:!3%E!:4080E$!0%!&6$!`%0&$E!7&3&$:)!D'E)F2=1.2-)<*8"2.1)*+);'-%#%2''!
9JK>?JB'!@X@I@@?)!
61
!TFR/5$%'!T)!")'!;!-/6%:/%'!7)!=)!>PJJ@B)!W6$!]%&#083&$!Y0%V!"$&9$$%!b0/F$%8$!3%E!.$%&3F!(0:/#E$#!<$:4F&:!
C#/D!&6$!c3&0/%3F!T,0E$D0/F/508!74#O$H!/%!*F8/6/F!3%E!<$F3&$E!=/%E0&0/%:)!!"#$%&'()*+)L'2'".1),(?#$%./"?'!
HH>PB'!?\PI?K?)!
62
![0%&$D4&$'!2)!-)'![#056&'!.)!*)'!(#3V$'!=)!.)'!;!"$34D/%&'!-)!-)!>PJJ?B)!74R:$d4$%&!8#0D0%3F!38&0O0&H!3D/%5!
O0/F$%&!D0:E$D$3%3%&:!96/!:$$V!&/!,4#863:$!63%E54%:)!7!3!M):$')7*8"2.1)*+)/$')!;'"%#.2)3'-%#.1)
!((*#%./%*2'!GCJ>XB'!?J?@I?JPK)!
63
!=3D,R$FF'!-)!=)'![$R:&$#'!()'!S/10/FI.8Y30%'!-)'!"F/8V'!=)'!=3D,R$FF'!()'!=4##H'!.)!*)'!)))!;!Y3456/%'!S)!>PJJAB)!
<0:V!N38&/#:!N/#!N$D080E$!0%!3R4:0O$!#$F3&0/%:60,:G!<$:4F&:!N#/D!3!D4F&0:0&$!83:$!8/%&#/F!:&4EH)!!;'"%#.2)
<*8"2.1)*+)>8A1%#)$'.1/$'!K9>LB'!?JX@I?J@L)!
64
!e$/F0'!*)!.)'!;![$R:&$#'!()![)!>PJ?JB)!TNN$8&:!/N!E/D$:&08!O0/F$%8$!,/F080$:'!3F8/6/F!&3U$:!3%E!,/F08$!:&3NN0%5!
F$O$F:!/%!0%&0D3&$!,3#&%$#!6/D080E$!0%!F3#5$!`7!80&0$:)!N2<8"?)>"'&'2/%*2'!4H>PB'!@JI@\)!
65
!=3D,R$FF'!-)!=)'!2F3::'!c)'!763#,:'!+)![)'!Y3456/%'!S)'!;!"F//D'!W)!>PJJLB)!]%&0D3&$!,3#&%$#!6/D080E$!#$O0$9!
3%E!0D,F083&0/%:!/N!#$:$3#86!3%E!,/F08H)!:".8;.O)P%*1'2#'O)0)!A8(''!C>AB'!PMKIPK@)!
66
!TFR/5$%'!T)!")'!;!-/6%:/%'!7)!=)!>PJJ@B)!W6$!]%&#083&$!Y0%V!"$&9$$%!b0/F$%8$!3%E!.$%&3F!(0:/#E$#!<$:4F&:!
C#/D!&6$!c3&0/%3F!T,0E$D0/F/508!74#O$H!/%!*F8/6/F!3%E!<$F3&$E!=/%E0&0/%:)!!"#$%&'()*+)L'2'".1),(?#$%./"?'!
HH>PB'!?\PI?K?)!
67
![$R:&$#'!()![)'!;!b$#%08V'!-)!7)!>PJJ@B)!S$$,0%5!N0#$3#D:!N#/D!E#45!3%E!3F8/6/F!3R4:$#:)!N2<8"?),"'&'2/%*2'!
4J>KB'!MP\IMPL)!
68
!"/F$:'!7)!.)'!;!.0/&&/'!S)!>PJJAB)!74R:&3%8$!3R4:$!3%E!O0/F$%8$G!*!#$O0$9!/N!&6$!F0&$#3&4#$)!!=="'((%*2).2-)
P%*1'2/)Q'$.&%*"'!C>PB'!?\\I?LM)!
69
!=//V'!+)!-)'!Y4E905'!-)'!;!"#353'!*)!*)!>PJJ\B)!=#0D0%3F!#$8/#E:!/N!6/D080E$!/NN$%E$#:)!7!3!M):$')7*8"2.1)*+)/$')
!;'"%#.2)3'-%#.1)!((*#%./%*2'!GK5>\B'!\@XIKJ?)!
70
![0%&$D4&$'!2)!-)'![#056&'!.)!*)'!(#3V$'!=)!.)'!;!"$34D/%&'!-)!-)!>PJJ?B)!74R:$d4$%&!8#0D0%3F!38&0O0&H!3D/%5!
O0/F$%&!D0:E$D$3%3%&:!96/!:$$V!&/!,4#863:$!63%E54%:)!7!3!M):$')7*8"2.1)*+)/$')!;'"%#.2)3'-%#.1)
!((*#%./%*2'!GCJ>XB'!?J?@I?JPK)!
71
!R%(/"%#/)*+)S*18;A%.)&T)B'11'"'!?PX!7)!=&)!PLXA'!\\M!`)7)!\LJ'!?L?!Y)!TE)!PE!KAL!>PJJXB)!
72
!R%(/"%#/)*+)S*18;A%.)&T)B'11'"'!?PX!7)!=&)!PLXA'!\\M!`)7)!\LJ'!?L?!Y)!TE)!PE!KAL!>PJJXB)!
73
!`%0&$E!7&3&$:!O)!<$6F3%E$#'!C)AE!M\'!MX!>?:&!=0#)!PJ?PB!
74
!`%0&$E!7&3&$:!O)!<$6F3%E$#'!C)AE!M\'!MX!>?:&!=0#)!PJ?PB!
39
75
!"#$%&'!(%)%&*!+,!-&./)#'&01!2,3'!451!46!78*%!9$0,!:;8:<!
!"#$%&'!(%)%&*!+,!-&./)#'&01!2,3'!451!46!78*%!9$0,!:;8:<!
77
!"#$%&'!(%)%&*!+,!-&./)#'&01!2,3'!451!46!78*%!9$0,!:;8:<!
78
!"#$%&'!(%)%&*!+,!-&./)#'&01!2,3'!451!46!78*%!9$0,!:;8:<!
79
!8:8!(=>=,!:55?1!@A9(!ABC0D+&B&#%!>B&#'B&#%*!>E%!DF!:;;G!
80
!8:8!(=>=,!:55?1!@A9(!ABC0D+&B&#%!>B&#'B&#%*!>E%!DF!:;;G!
81
!HEI$#%J1!K,!K,1!L&M*%&01!N,!L,1!O!P)00J1!9,!Q,!7:;83<,!IR#!CD/$EJ!)#'!*&0$DR*!B&#%)/!$//#&**S!T0$D0$%$&*!FD0!
FR%R0&!0&*&)0E.!)#'!CD/$EJ,!!"#$%&'()&$*"+),&$+"*+-./*'%+'0*12*-)&3(4*'D$S!8;,88GUV)CC$,C*,:;83;;848,!!
6:!W$#1!T,1!O!@D0'&#%DF%1!H,!7:;;5<,!(R$E$'&!0$*X!$#!0&/)%$D#!%D!C*JE.$)%0$E!.D*C$%)/$Y)%$D#S!&+$'&#E&!M)*&'!D#!
/D#Z$%R'$#)/!0&Z$*%&0*,!5)$%&,+"*12*6+3+)'7*!"#$%&'()#1!8974<1!4:G[!43:,!
63!(%&)'B)#1!\,!],1!HR/+&J1!K,!T,1!HD#).)#1!],1!-DMM$#*1!T,!9,1!>CC&/M)RB1!T,!(,1!I0$**D1!=,1!,,,!O!($/+&01!K,!78??6<,!
^$D/&#E&!MJ!C&DC/&!'$*E.)0Z&'!F0DB!)ER%&!C*JE.$)%0$E!$#C)%$&#%!F)E$/$%$&*!)#'!MJ!D%.&0*!$#!%.&!*)B&!
#&$Z.MD0.DD'*,!5)$%&,+"*12*:+3+)'7*-"#$%&'()#1!;;75<1!3?3![!4;8,!
64!(_)#*D#1!],!L,1!(_)0%Y1!H,!(,1!L)Z#&01!\,!-,1!PR0#*1!P,!],1!PD0RB1!-,1!O!\$')J1!^,!>,!7:;;;<,!A#+D/R#%)0J!
DR%C)%$&#%!EDBB$%B&#%!)#'!0&'RE%$D#!DF!+$D/&#%!M&.)+$DR0!$#!C&0*D#*!_$%.!*&+&0&!B&#%)/!$//#&**,!<)&(&"%*
=1.)3'7*12*!"#$%&'()#1!>?874<1!3:4[338,!
65!Q$'Y1!9,!L,1!HR/+&J1!K,!T,1!O!I)0'#&01!L,!78??3<,!=.&!)EER0)EJ!DF!C0&'$E%$D#*!DF!+$D/&#E&!%D!D%.&0*,!,!=5@54*
A%+*=1.)3'7*12*(%+*5B+)&$'3*@+0&$'7*5""1$&'(&13C!98D76<1!8;;G[8;88,!
86
!8:8!(=>=,!:55?1!@A9(!ABC0D+&B&#%!>B&#'B&#%*!>E%!DF!:;;G!
6G!E&"()&$(*12*F17.B/&'*,G*H+77+)1!8:6!(,!9%,!:G631!554!",(,!5G;1!8G8!Q,!K',!:'!U3G!7:;;6<,!
66!E&"()&$(*12*F17.B/&'*,G*H+77+)1!8:6!(,!9%,!:G631!554!",(,!5G;1!8G8!Q,!K',!:'!U3G!7:;;6<,!
6?!!+1-7+*,G*='"13*IGC!866!9)/,!>CC,!4%.!85451!855G[561!88U!9)/,!-C%0,!3'!4431!45:!7:;8;<,!
90
!($BC*D#1!],!-,1!O!(.)0B)1!`,!`,!7:;;6<,!H&#%)/!\&)/%.!L&)CD#*!T0D.$M$%$D#S!N&BDZ0)C.$E!)#'!T*JE.$)%0$E!
2)E%D0*!$#!T&%$%$D#*!FD0!-&/$&Fa,!=1.)3'7*12*21)+3"&$*"$&+3$+"1!;J74<1!?G8[?G4,!
91
!($BC*D#1!],!-,1!O!(.)0B)1!`,!`,!7:;;6<,!H&#%)/!\&)/%.!L&)CD#*!T0D.$M$%$D#S!N&BDZ0)C.$E!)#'!T*JE.$)%0$E!
2)E%D0*!$#!T&%$%$D#*!FD0!-&/$&Fa,!=1.)3'7*12*21)+3"&$*"$&+3$+"1!;J74<1!?G8[?G4,!
92
!T&DC/&!+,!])*D#!`,1!866!9)/,!>CC,!4%.!85451!855G[561!88U!9)/,!-C%0,!3'!4431!45:!7:;8;<,!
?3!^D/)+X)1!],1!O!(_)#*D#1!],!7:;8;<,!^$D/&#%!M&.)+$D0!$#!B&#%)/!$//#&**S!%.&!0D/&!DF!*RM*%)#E&!)MR*&,!=5@54*A%+*
=1.)3'7*12*(%+*5B+)&$'3*@+0&$'7*5""1$&'(&131!JKL75<1!5U3[5U4,!
?4!>F$F$1!=,!b,1!\&#0$X*&#1!9,!>,1!>*BR#'*D#1!I,!],1!O!()0&&#1!],!7:;8:<,!^$E%$B$Y)%$D#!)#'!C&0C&%0)%$D#!DF!$#%$B)%&!
C)0%#&0!+$D/&#E&!)#'!*RM*%)#E&!R*&!'$*D0'&0*!$#!)!#)%$D#)//J!0&C0&*&#%)%$+&!*)BC/&,!A%+*=1.)3'7*12*3+),1."*
'30*B+3('7*0&"+'"+1!9KK76<1!U64[U?8,!
?5!20$&'B)#1!>,!(,!78???<,!(RM*%)#E&!R*&V)MR*&!)*!)!C0&'$E%D0!%D!$//&Z)/!)#'!+$D/&#%!M&.)+$D0S!>!0&+$&_!DF!%.&!
0&/&+)#%!/$%&0)%R0&,!5::)+""&13*'30*M&17+3(*<+%',&1)1!J74<1!33?[355,!
?U!`&//&.&01!`,1!9.)FF$#1!H,1!\D//&#M&0Z1!],1!O!2$*E.&01!K,!78??4<,!>/ED.D/!)#'!'0RZ!'$*D0'&0*!)BD#Z!C.J*$E)//J!
)MR*$+&!)#'!#&Z/&E%FR/!C)0&#%*!$#!)!EDBBR#$%J[M)*&'!*)BC/&,!5B+)&$'3*=1.)3'7*12*!./7&$*H+'7(%1!NL78;<1!
856U[85?;,!
?G!>R&0.).#1!`,1!O!T)0X&01!-,!@,!78???<,!N0RZ*1!)/ED.D/1!)#'!.DB$E$'&,!O(.0#&3:*'30*-)+,+3(&3:*%1B&$&0+4*P"".+"*
'30*$%'77+3:+"1!?G[884,!
?6!-$+)0)1!2,!T,1!HR&//&01!P,!>,1!(DB&*1!I,1!H&#'DY)1!9,!=,1!-R*.FD0%.1!@,!P,1!O!`&//&0B)##1!>,!Q,!78??G<,!>/ED.D/!
)#'!$//$E$%!'0RZ!)MR*&!)#'!%.&!0$*X!DF!+$D/&#%!'&)%.!$#!%.&!.DB&,!,!=5@54*A%+*=1.)3'7*12*(%+*5B+)&$'3*@+0&$'7*
5""1$&'(&131!9?N7G<1!5U?[5G5,!
??!(.)0C*1!T,!L,1!9)BCM&//1!],1!9)BCM&//1!N,1!I)0J1!2,1!O!L&M*%&01!N,!7:;;8<,!=.&!0D/&!DF!)/ED.D/!R*&!$#!$#%$B)%&!
C)0%#&0!F&B$E$'&,!A%+*5B+)&$'3*=1.)3'7*13*500&$(&13"1!>K7:<1!8::[835,!
8;;!L)/%D#[HD**1!P,!],1!H)#Z)#&//D1!],1!20J&1!^,1!O!9)BCM&//1!],!9,!7:;;5<,!-$*X!F)E%D0*!FD0!$#%$B)%&!C)0%#&0!
+$D/&#E&!)#'!)**DE$)%&'!$#cR0J!)BD#Z!R0M)#!_DB&#,!=1.)3'7*12*F1BB.3&(#*H+'7(%1!JK75<1!3GG[6?,!
8;8!PD0Z&*1!I,1!L)/%&0*1!K,!K,1!O!`&**/&01!-,!9,!7:;;;<,!>**DE$)%$D#*!DF!*RM*%)#E&!R*&1!)MR*&1!)#'!'&C&#'&#E&!
_$%.!*RM*&dR&#%!*R$E$')/!M&.)+$D0,!5B+)&$'3*=1.)3'7*12*Q-&0+B&171:#1!>;>76<1!G68[G6?,!
8;:!PD0D_*XJ1!A,!L,1!A0&/)#'1!H,1!O!-&*#$EX1!H,!N,!7:;;8<,!>'D/&*E&#%!*R$E$'&!)%%&BC%*S!0$*X*!)#'!C0D%&E%D0*,!
!+0&'()&$"1!>K?73<1!465[4?3,!
8;3!-$+)0)1!2,!T,1!HR&//&01!P,!>,1!(DB&*1!I,1!H&#'DY)1!9,!=,1!-R*.FD0%.1!@,!P,1!O!`&//&0B)##1!>,!Q,!78??G<,!>/ED.D/!
)#'!$//$E$%!'0RZ!)MR*&!)#'!%.&!0$*X!DF!+$D/&#%!'&)%.!$#!%.&!.DB&,!=5@54*A%+*=1.)3'7*12*(%+*5B+)&$'3*@+0&$'7*
5""1$&'(&131!9?N7G<1!5U?[5G5,!
76
40
!"#$%&'()*+(),$-.$/.,$%0&12(,$3.$4.,$5067),$8.$3.,$9$:)6+*;'(,$/.$/.$<=""!>.$?+@A)B+)'($C0&*&'6D$6C(&E&(F$6*;'1$
E&;D)'($*&AG)*)6'6'(A$H2;$A))7$(;$I+0C26A)$26'G1+'A.$!"#"$%&'(%!)*+,-.%)/%0'(%"1(+23-,%#(423-.%
"55)32-02),,$678<J>,$!"!KL!"=M.$
!"N$8;;7,$O.$/.,$P+GH&1,$/.,$9$:0616,$4.$4.$<=""N>.$80&*&'6D$0)C;0GA$;Q$2;*&C&G)$;QQ)'G)0A.$!"#"$%&'(%!)*+,-.%)/%
0'(%"1(+23-,%#(423-.%"55)32-02),,$69:<N>,$NKJLM"!.$
!"M$R&(()A,$S.$4.,$R)0'&C7,$/.$?.,$9$%)@A()0,$5.$%.$<="!T>.$P)16D$A(6(+A$6'G$A;+0C)$;Q$;QQ)'G)0AU$Q&0)60*A$&'$A(6()A$
H&(2$(2)$D)6A($A(0&'1)'($C0&()0&6$Q;0$1+'$;H')0A2&I.$;,<*+=%>+(?(,02),,$@9<!>,$=MLT!.$
!"V$W);D&,$4.$3.,$9$X06((60;D&,$?.$<="!T>.$YE&G)'C)$Q;0$ZI(&*&A*[$O;D&C&)A$(;$P&*&($:6(()0)0A\$4CC)AA$(;$-+'A.$$
A(4*32,B%C*,%D2).(,3(%2,%"1(+23-$%;,/)+12,B%E).23=%F20'%G?24(,3(%-,4%",-.=525,$NTLMT.$
!"J$?;0)'A;',$?.$:.,$9$%&)@),$5.$/.$<=""#>.$%)6I;'A$&'$(2)$D&E)A$;Q$@6(()0)G$H;*)'.$"1(+23-,%!)*+,-.%)/%E*H.23%
I(-.0',$9:<J>,$!#!=L!#!V.$
!"K$R&(()A,$S.$4.,$9$?;0)'A;',$?.$:.$<=""M>.$40)$()*I;060F$0)A(06&'&'1$;0G)0A$*;0)$D&7)DF$(;$@)$&AA+)G$H2)'$
6IID&C6(&;'A$*)'(&;'$Q&0)60*A].$G?-.*-02),%+(?2(F,$JK<T>,$=MML=J=.$
!!"$R&(()A,$S.$4.,$9$?;0)'A;',$?.$:.$<=""J>.$S))I&'1$-+'A$Z+($;Q$(2)$^6'GA$;Q$4@+A)0A[$^6'G1+'$O+0C26A)A$6'G$
_)A(06&'&'1$Z0G)0A.$"1(+23-,%!)*+,-.%)/%E*H.23%I(-.0',$97<N>,$J=JLJT!.$
!!!$86*I@)DD,$/.$8.,$%)@A()0,$5.,$S;`&;DL3CP6&',$/.,$:D;C7,$8.,$86*I@)DD,$5.,$8+00F,$3.$4.,$...$9$P6+12;',$S.$<=""T>.$
_&A7$Q6C(;0A$Q;0$Q)*&C&G)$&'$6@+A&E)$0)D6(&;'A2&IA[$_)A+D(A$Q0;*$6$*+D(&A&()$C6A)$C;'(0;D$A(+GF.$"1(+23-,%
<)*+,-.%)/%>*H.23%'(-.0',$9J<V>,$!"JKL!"KV.$
!!=$!J$a'&()G$?(6()A$8;G)$4'';(6()G$b$K==$a'D6HQ+D$4C(A$<->.$
!!T$R&(()A,$S.$4.,$%)@A()0,$5.$%.,$9$R)0'&C7,$c.$?.$<="!T>.$_)C;'A&G)0&'1$(2)$4G)B+6CF$;Q$8+00)'($8;'G&(&;'A$;'$
P)16D$X&0)60*$ZH')0A2&I.$A(4*32,B%C*,%D2).(,3(%2,%"1(+23-$%;,/)+12,B%E).23=%F20'%G?24(,3(%-,4%",-.=525,$MNL
VM.$
!!#$-;E)0'*)'($4CC;+'(6@&D&(F$ZQQ&C)$<="!=>.$-+'$8;'(0;D[$?260&'1$O0;*&A&'1$O06C(&C)A$6'G$4AA)AA&'1$
c'C)'(&E)A$8;+DG$:)(()0$O;A&(&;'$/+A(&C)$(;$4AA&A($?(6()A$&'$O0;E&G&'1$_)C;0GA$Q;0$:6C710;+'G$82)C7A$<-4Z$
O+@D&C6(&;'$d;.$!=LMJ#>.$%6A2&'1(;',$5.8.$[$a.?.$-;E)0'*)'($O0&'(&'1$ZQQ&C).$
!!N$36F;0A$416&'A($cDD)16D$-+'A$<="!!>.$X6(6D$-6IA[$^;H$3&AA&'1$_)C;0GA$c'$e2)$X)G)06D$:6C710;+'G$82)C7$
?FA()*$O+($-+'A$c'$e2)$^6'GA$ZQ$S&DD)0A.$
HHH.*6F;0A616&'A(&DD)16D1+'A.;01fG;H'D;6GAfIGQf*6&1g*&*);g0)[email protected]$
!!M$-;E)0'*)'($4CC;+'(6@&D&(F$ZQQ&C)$<="!=>.$-+'$8;'(0;D[$?260&'1$O0;*&A&'1$O06C(&C)A$6'G$4AA)AA&'1$
c'C)'(&E)A$8;+DG$:)(()0$O;A&(&;'$/+A(&C)$(;$4AA&A($?(6()A$&'$O0;E&G&'1$_)C;0GA$Q;0$:6C710;+'G$82)C7A$<-4Z$
O+@D&C6(&;'$d;.$!=LMJ#>.$%6A2&'1(;',$5.8.$[$a.?.$-;E)0'*)'($O0&'(&'1$ZQQ&C).$
!!V$%&'()*+(),$-.$/.,$%0&12(,$3.$4.,$5067),$8.$3.,$9$:)6+*;'(,$/.$/.$<=""!>.$?+@A)B+)'($C0&*&'6D$6C(&E&(F$6*;'1$
E&;D)'($*&AG)*)6'6'(A$H2;$A))7$(;$I+0C26A)$26'G1+'A.$!"#"$%&'(%!)*+,-.%)/%0'(%"1(+23-,%#(423-.%
"55)32-02),,$678<J>,$!"!KL!"=M.$
!!J$8;;7,$O.$/.,$P+GH&1,$/.,$9$:0616,$4.$4.$<=""N>.$80&*&'6D$0)C;0GA$;Q$2;*&C&G)$;QQ)'G)0A.$!"#"$%&'(%!)*+,-.%)/%
0'(%"1(+23-,%#(423-.%"55)32-02),,$69:<N>,$NKJLM"!.$
!!K$R&(()A,$S.$4.,$R)0'&C7,$/.$?.,$9$%)@A()0,$5.$%.$<="!T>.$P)16D$A(6(+A$6'G$A;+0C)$;Q$;QQ)'G)0AU$Q&0)60*A$&'$A(6()A$
H&(2$(2)$D)6A($A(0&'1)'($C0&()0&6$Q;0$1+'$;H')0A2&I.$;,<*+=%>+(?(,02),,$@9<!>,$=MLT!.$
!="$86D.$%)DQ.$9$c'A(.$8;G)$b$J!"T$
!=!$%&'()*+(),$-.$/.,$%0&12(,$3.$4.,$5067),$8.$3.,$9$:)6+*;'(,$/.$/.$<=""!>.$?+@A)B+)'($C0&*&'6D$6C(&E&(F$6*;'1$
E&;D)'($*&AG)*)6'6'(A$H2;$A))7$(;$I+0C26A)$26'G1+'A.$!"#"$%&'(%!)*+,-.%)/%0'(%"1(+23-,%#(423-.%
"55)32-02),,$678<J>,$!"!KL!"=M.$
!==$P6H$8)'()0$(;$O0)E)'($-+'$R&;D)'C),$E+)'2H20(4%E*+3'-5(+5%C(,(+-..=%E).23=%L*11-+=$<36F$=!,$="!=>$
2((I[ffA*60(1+'D6HA.;01fI0;2&@&()GLI+0C26A)0AL1)')06DDFLI;D&CFLA+**60Ff$
!=T$X;`,$/.4.,$6'G$3.%.$W6H&(`.$=""K.$^;*&C&G)$(0)'GA$&'$(2)$a'&()G$?(6()A[$:+0)6+$;Q$/+A(&C)$?(6(&A(&CA.$
2((I[ff@hA.;hI.+AG;h.1;EfC;'()'(f2;*&C&G)f2;*(0'G.CQ*$$
!=#$3;06CC;,$S.$Y.,$_+'F6',$8.$%.,$9$:+((A,$/.$5.$<!KKJ>.$X)*&C&G)$&'$d;0(2$860;D&'6,$!KK!L!KKT$4$?(6()H&G)$
?(+GF$;Q$O6(()0'A$6'G$O0)C+0A;0A.$I)12324(%L0*42(5,$6<#>,$#==L##M.$
!=N$:6&D)F,$/.$Y.,$S)DD)0*6'',$4.$P.,$?;*)A,$-.$%.,$:6'(;',$/.$-.,$_&E606,$X.$O.,$9$_+A2Q;0(2,$d.$O.$<!KKV>.$_&A7$Q6C(;0A$
Q;0$E&;D)'($G)6(2$;Q$H;*)'$&'$(2)$2;*).$"+3'2?(5%)/%;,0(+,-.%#(4232,(,$@8M<V>,$VVVLVJ=.$
!=M$S)DD)0*6'',$4.$P.,$_&E606,$X.$O.,$_+A2Q;0(2,$d.$:.,$:6'(;',$/.$-.,$_)6F,$5.$e.,$X06'C&AC;,$/.$e.,$...$9$?;*)A,$-.$
<!KKT>.$-+'$;H')0A2&I$6A$6$0&A7$Q6C(;0$Q;0$2;*&C&G)$&'$(2)$2;*).$N(F%G,B.-,4%!)*+,-.%)/%#(4232,(,$J69<!N>,$
!"J#L!"K!.$
41
!"#$%&'()*++,$-.$%.,$/*)01*2,$3.,$45675+89:;&7<,$-.,$=+5:>,$%.,$%&'()*++,$3.,$%?22@,$9.$A.,$...$B$;&?CD5<,$4.$E"FFGH.$
I70>$J&:1520$J52$J*'7:7K*$7<$&)?07L*$2*+&175<0D7(0M$I*0?+10$J25'$&$'?+17071*$:&0*$:5<125+$01?K@.$!"#$%&'()
*+,$('-)+.)/,0-%&)1#'-21,$34E#H,$!FNO8!FO#.$
!"N$952&::5,$4.$P.,$I?<@&<,$%.$/.,$B$=?110,$-.$3.$E!OONH.$Q*'7:7K*$7<$R521D$%&25+7<&,$!OO!8!OOG$A$S1&1*T7K*$
S1?K@$5J$U&11*2<0$&<K$U2*:?20520.$5+"%&%6#)72,6%#8,$9EVH,$V""8VVW.$
!"O$9:Q&2+&<*,$-.$9.,$%&'()*++,$-.$%.,$/7+1,$S.,$S&:D0,$%.$-.,$X+27:D,$Y.,$B$Z?,$Z.$E!OOOH.$S1&+>7<C$&<K$7<17'&1*$(&21<*2$
J*'7:7K*.$5+"%&%6#)72,6%#8,$4EVH,$GFF8G!W.$
!GF$[*5+7,$A.$9.,$B$/*)01*2,$3.$/.$E"F!FH.$PJJ*:10$5J$K5'*017:$L75+*<:*$(5+7:7*0,$&+:5D5+$1&\*0$&<K$(5+7:*$01&JJ7<C$
+*L*+0$5<$7<17'&1*$(&21<*2$D5'7:7K*$7<$+&2C*$XS$:717*0.$:(*,$;)/$#<#(2%+(,$=>E"H,$OF8O].$
!G!$[*5+7,$A.$9.,$B$/*)01*2,$3.$/.$E"F!FH.$PJJ*:10$5J$K5'*017:$L75+*<:*$(5+7:7*0,$&+:5D5+$1&\*0$&<K$(5+7:*$01&JJ7<C$
+*L*+0$5<$7<17'&1*$(&21<*2$D5'7:7K*$7<$+&2C*$XS$:717*0.$:(*,$;)/$#<#(2%+(,$=>E"H,$OF8O].$
!G"$%&'()*++,$-.$%.,$^+&00,$R.,$SD&2(0,$U.$/.,$;&?CD5<,$4.,$B$=+55',$_.$E"FF#H.$`<17'&1*$(&21<*2$D5'7:7K*$2*L7*T$
&<K$7'(+7:&175<0$5J$2*0*&2:D$&<K$(5+7:@.$?$',"'@)A%+-#(&#@)B)!0,8#,$CEGH,$"VW8"WO.$
!GG$/7+05<,$9.,$B$3&+@,$9.$E!OOGH.$S(5?0&+$D5'7:7K*$270>$&<K$*012&<C*'*<1.$A%+-#(&#)'(6)<%&2%"8,$CE!H,$"8!W.$
!GV$Q2&11&25+7,$S.,$B$a*2<7:>,$-.$S.$E"FFWH.$S*(&2&17<C$=&11*2*20$&<K$^?<0$A$I*L7*T$&<K$A<&+@070$5J$^?<$I*'5L&+$
;&T0$7<$]F$S1&1*0.$D<'-,'2%+()E#<%#F,$4GEGH,$"OW8G!".$
!G]$"#$%5K*$5J$Q*K*2&+$I*C?+&175<0$b$V#N.!!$9*&<7<C$5J$_*2'0$
!GW$[*5+7,$A.$9.,$B$Q2&11&25+7,$S.$E"F!GH.$PL7K*<:*$J52$c(17'70'M$U5+7:7*0$15$;7'71$=&11*2*20d$A::*00$15$^?<0.$
E#6,&%(H)I,()A%+-#(&#)%()!"#$%&'J):(.+$"%(H)K+-%&;)F%21)D<%6#(&#)'(6)!('-;8%8,$]G8WG.$
!G#$S52*<05<,$S.$=.,$B$/7*)*,$3.$-.$E"FFVH.$/*&(5<0$7<$1D*$+7L*0$5J$)&11*2*K$T5'*<.$!"#$%&'()L+,$('-)+.)K,0-%&)
5#'-21,$3MENH,$!V!"8!V!#.$
!GN$a711*0,$4.$A.,$B$S52*<05<,$S.$=.$E"FFWH.$A2*$1*'(52&2@$2*012&7<7<C$52K*20$'52*$+7>*+@$15$)*$700?*K$TD*<$
&((+7:&175<0$'*<175<$J72*&2'0e.$D<'-,'2%+()$#<%#F,$4GEGH,$"WW8"N".$
!GO$a711*0,$4.$A.,$B$S52*<05<,$S.$=.$E"FFNH.$4**(7<C$^?<0$c?1$5J$1D*$f&<K0$5J$A)?0*20M$f&<KC?<$U?2:D&0*0$&<K$
I*012&7<7<C$c2K*20.$!"#$%&'()L+,$('-)+.)K,0-%&)5#'-21,$3CE]H,$N"N8NG!.$
!VF$%&'()*++,$-.$%.,$/*)01*2,$3.,$45675+89:;&7<,$-.,$=+5:>,$%.,$%&'()*++,$3.,$%?22@,$9.$A.,$...$B$;&?CD5<,$4.$E"FFGH.$
I70>$J&:1520$J52$J*'7:7K*$7<$&)?07L*$2*+&175<0D7(0M$I*0?+10$J25'$&$'?+17071*$:&0*$:5<125+$01?K@.$!"#$%&'()
*+,$('-)+.)/,0-%&)1#'-21@$34E#H,$!FNO8!FO#.$
!V!$AJ7J7,$_.$c.,$f*<27>0*<,$%.$A.,$A0'?<K05<,$^.$-.,$B$S&2**<,$-.$E"F!"H.$a7:17'76&175<$&<K$(*2(*12&175<$5J$
7<17'&1*$(&21<*2$L75+*<:*$&<K$0?)01&<:*$?0*$K7052K*20$7<$&$<&175<&++@$2*(2*0*<1&17L*$0&'(+*.$?1#)L+,$('-)+.)
(#$<+,8)'(6)"#(2'-)6%8#'8#,$9GGENH,$WNV8WO!.$
!V"$Q27*K'&<,$A.$S.$E!OOOH.$S?)01&<:*$?0*g&)?0*$&0$&$(2*K7:152$15$7++*C&+$&<K$L75+*<1$)*D&L752M$A$2*L7*T$5J$1D*$
2*+*L&<1$+71*2&1?2*.$!HH$#88%+()'(6)A%+-#(2)N#1'<%+$,$4EVH,$GGO8G]].$
!VG$4*++*D*2,$4.,$%D&JJ7<,$9.,$f5++*<)*2C,$-.,$B$Q70:D*2,$P.$E!OOVH.$A+:5D5+$&<K$K2?C$K7052K*20$&'5<C$(D@07:&++@$
&)?07L*$&<K$<*C+*:1J?+$(&2*<10$7<$&$:5''?<71@8)&0*K$0&'(+*.$!"#$%&'()L+,$('-)+.)K,0-%&)5#'-21,$CME!FH,$
!]NW8!]OF.$
!VV$A?*2D&D<,$4.,$B$U&2>*2,$I.$R.$E!OOOH.$32?C0,$&+:5D5+,$&<K$D5'7:7K*.$72,6;%(H)'(6)/$#<#(2%(H)1+"%&%6#J)
:88,#8)'(6)&1'--#(H#8,$O#8!!V.$
!V]$I7L&2&,$Q.$U.,$9?*++*2,$=.$A.,$S5'*0,$^.,$9*<K56&,$%.$_.,$I?0DJ521D,$R.$=.,$B$4*++*2'&<<,$A.$;.$E!OO#H.$A+:5D5+$
&<K$7++7:71$K2?C$&)?0*$&<K$1D*$270>$5J$L75+*<1$K*&1D$7<$1D*$D5'*.$.$L!O!J)?1#)L+,$('-)+.)21#)!"#$%&'()O#6%&'-)
!88+&%'2%+(,$9PCE#H,$]WO8]#].$
!VW$SD&2(0,$U.$/.,$%&'()*++,$-.,$%&'()*++,$3.,$^&2@,$Q.,$B$/*)01*2,$3.$E"FF!H.$_D*$25+*$5J$&+:5D5+$?0*$7<$7<17'&1*$
(&21<*2$J*'7:7K*.$?1#)!"#$%&'()L+,$('-)+()!66%&2%+(8,$=GE"H,$!""8!G].$
!V#$/&+15<89500,$=.$-.,$9&<C&<*++5,$-.,$Q2@*,$a.,$B$%&'()*++,$-.$%.$E"FF]H.$I70>$J&:1520$J52$7<17'&1*$(&21<*2$
L75+*<:*$&<K$&005:7&1*K$7<h?2@$&'5<C$?2)&<$T5'*<.$L+,$('-)+.)Q+"",(%2;)5#'-21,$4GE]H,$G##8NO.$
!VN$=52C*0,$^.,$/&+1*20,$P.$P.,$B$4*00+*2,$I.$%.$E"FFFH.$A005:7&175<0$5J$0?)01&<:*$?0*,$&)?0*,$&<K$K*(*<K*<:*$
T71D$0?)0*i?*<1$0?7:7K&+$)*D&L752.$!"#$%&'()L+,$('-)+.)D/%6#"%+-+H;,$=R=ENH,$#N!8#NO.$
!VO$=525T0>@,$`.$/.,$`2*+&<K,$9.,$B$I*0<7:>,$9.$3.$E"FF!H.$AK5+*0:*<1$0?7:7K*$&11*'(10M$270>0$&<K$(251*:1520.$
K#6%'2$%&8,$=GPEGH,$VN]8VOG.$
!]F$I7L&2&,$Q.$U.,$9?*++*2,$=.$A.,$S5'*0,$^.,$9*<K56&,$%.$_.,$I?0DJ521D,$R.$=.,$B$4*++*2'&<<,$A.$;.$E!OO#H.$A+:5D5+$
&<K$7++7:71$K2?C$&)?0*$&<K$1D*$270>$5J$L75+*<1$K*&1D$7<$1D*$D5'*.$L!O!J)?1#)L+,$('-)+.)21#)!"#$%&'()O#6%&'-)
!88+&%'2%+(,$9PCE#H,$]WO8]#].$
42
!"!#$%&'(')#*+#,+)#-./00/()#1+#2+)#345/6)#7+)#-/894:')#;+#<+)#$.6=>4(?=)#@+#1+)#A#B/00/(5'88)#2+#C+#D!EEFG+#20H4=40#
'89#%00%H%?#9(.I#'J.6/#'89#?=/#(%6K#4>#&%40/8?#9/'?=#%8#?=/#=45/+#!"#"$%&'(%!)*+,-.%)/%0'(%"1(+23-,%#(423-.%
"55)32-02),)#678DFG)#"LEM"F"+#
!"N#3='(O6)#,+#P+)#;'5OJ/00)#Q+)#;'5OJ/00)#R+)#7'(S)#*+)#A#P/J6?/()#R+#DNTT!G+#<=/#(40/#4>#'0H4=40#.6/#%8#%8?%5'?/#
O'(?8/(#>/5%H%9/+#&'(%"1(+23-,%!)*+,-.%),%"442302),5)#9:DNG)#!NNM!U"+#
!"U#P%8?/5.?/)#7+#Q+#DNT!!G+#2664H%'?%48#J/?V//8#>%(/'(5#4V8/(6=%O)#>%(/'(5M(/0'?/9#(%6K#'89#(%6K#(/9.H?%48#
J/='&%4.(6#'89#'0H4=40M(/0'?/9#(%6K#J/='&%4.(6+#;,<*+=%>+(?(,02),)#97DLG)#WNNMWNF+#
!"W#-%00/()#-+)#X/5/8V'S)#R+)#A#P/H=60/()#X+#DNTTNG+#7.86#'89#I.8#?=(/'?6#'?#H400/I/+#!)*+,-.%)/%"1(+23-,%
@)..(A(%B(-.0')#C9DNG)#"FML"+#
!""#-%00/()#-+)#X/5/8V'S)#R+)#A#P/H=60/()#X+#D!EEEG+#7.86#'?#H400/I/+#!)*+,-.%)/%"1(+23-,%@)..(A(%B(-.0')#D8D!G)#
FM!N+#
!"L#-%00/()#-+)#X/5/8V'S)#R+)#A#P/H=60/()#X+#DNTTNG+#7.86#'89#I.8#?=(/'?6#'?#H400/I/+#!)*+,-.%)/%"1(+23-,%
@)..(A(%B(-.0')#C9DNG)#"FML"+#
!"FP%8?/5.?/)#7+#Q+#DNT!!G+#2664H%'?%48#J/?V//8#>%(/'(5#4V8/(6=%O)#>%(/'(5M(/0'?/9#(%6K#'89#(%6K#(/9.H?%48#
J/='&%4.(6#'89#'0H4=40M(/0'?/9#(%6K#J/='&%4.(6+#;,<*+=%>+(?(,02),)#97DLG)#WNNMWNF+#
!"YP%8?/5.?/)#7+#Q+#DNT!!G+#2664H%'?%48#J/?V//8#>%(/'(5#4V8/(6=%O)#>%(/'(5M(/0'?/9#(%6K#'89#(%6K#(/9.H?%48#
J/='&%4.(6#'89#'0H4=40M(/0'?/9#(%6K#J/='&%4.(6+#;,<*+=%>+(?(,02),)#97DLG)#WNNMWNF+#
!"E#P/J6?/()#R+#P+)#A#Z/(8%HK)#Q+#3+#DNTTEG+#B//O%8I#>%(/'(56#>(45#9(.I#'89#'0H4=40#'J.6/(6+#;,<*+=%E+(?(,02),)#
9CDLG)#WN"MWNF+#
!LT#!Y#,'+#;+3+2+#[#L!T"#
!L!#-H-%00/8)#R+#C+)#29'56)#-+#3+)#P/006M,'(K/()#\+)#,'8I)#-+#7+)#A#289/(648)#1+#Q+#D!EENG+#,/(648'0%?S#?('%?6#'89#
J/='&%4(6#4>#'0H4=40M%5O'%(/9#9(%&/(6]#'#H45O'(%648#4>#>%(6?#'89#5.0?%O0/#4>>/89/(6+#"442302?(%F('-?2)+5)#
97D"G)#WTFMW!W+#
!LN#*(//5'8)#Q+)#-'^V/00)#Q+#;+)#A#R'&/S)#Q+#DNT!!G+#_8('&/0%8I#?=/#H45O0/^%?S#4>#9(%&%8I#V=%0/#%8?4^%H'?/9]#2#
6?.9S#%8?4#?=/#O(/&'0/8H/#4>#O6SH=%'?(%H#'89#6.J6?'8H/#'J.6/#H454(J%9%?S+#"3324(,0%",-.=525%G%E+(?(,02),)#
DHD!G)#UWMUE+#
!LU#C'O='5)#3+#;+)#35%?=)#\+)#;`9/#1'H')#Q+)#;='8I)#a+)#3K%OO/()#1+#Q+)#1'.5)#7+)#A#X.8?)#P+#;+#DNTT!G+#,(/&'0/8H/#4>#
O6SH=%'?(%H#9%64(9/(6#'548I#O/(6486#H48&%H?/9#4>#9(%&%8I#V=%0/#%5O'%(/9+#"+3'2?(5%)/%I(,(+-.%E5=3'2-0+=)#
C8D!TG)#EWUMEWE+#
!LW#C.HK/()#7+#P+)#B(.:%H=)#R+#Q+)#X40?)#-+#<+)#A#7409)#Q+#R+#D!EE!G+#<=/#O(/&'0/8H/#4>#'8?%64H%'0#J/='&%4(#'548I#_3#
2(5S#RPa#4>>/89/(6+#!)*+,-.%)/%J0*42(5%),%".3)').%-,4%K+*A5)#C6DWG)#U!YMUNT+#
!L"#2>%>%)#<+#b+)#X/8(%K6/8)#;+#2+)#265.89648)#7+#Q+)#A#3'(//8)#Q+#DNT!NG+#Z%H?%5%:'?%48#'89#O/(O/?('?%48#4>#
%8?%5'?/#O'(?8/(#&%40/8H/#'89#6.J6?'8H/#.6/#9%64(9/(6#%8#'#8'?%48'00S#(/O(/6/8?'?%&/#6'5O0/+#&'(%!)*+,-.%)/%
,(+?)*5%-,4%1(,0-.%425(-5()#6::DYG)#LYWMLE!#
!LL#*(%/95'8)#2+#3+#D!EEEG+#3.J6?'8H/#.6/c'J.6/#'6#'#O(/9%H?4(#?4#%00/I'0#'89#&%40/8?#J/='&%4(]#2#(/&%/V#4>#?=/#
(/0/&'8?#0%?/('?.(/+#"AA+(552),%-,4%L2).(,0%M('-?2)+)#HDWG)#UUEMU""+#
!LF#2./(='=8)#B+)#A#,'(K/()#$+#@+#D!EEEG+#R(.I6)#'0H4=40)#'89#=45%H%9/+#J0*4=2,A%-,4%>+(?(,02,A%')12324($%
;55*(5%-,4%3'-..(,A(5)#EFM!!W+#
!LY#14(I/6)#7+)#P'0?/(6)#\+#\+)#A#B/660/()#$+#;+#DNTTTG+#2664H%'?%486#4>#6.J6?'8H/#.6/)#'J.6/)#'89#9/O/89/8H/#
V%?=#6.J6/d./8?#6.%H%9'0#J/='&%4(+#"1(+23-,%!)*+,-.%)/%N>24(12).)A=)#9C9DYG)#FY!MFYE+##
!LE#140/6)#3+#-+)#A#-%4??4)#B+#DNTTUG+#3.J6?'8H/#'J.6/#'89#&%40/8H/]#2#(/&%/V#4>#?=/#0%?/('?.(/+#"AA+(552),%-,4%
L2).(,0%M('-?2)+)#8DNG)#!""M!FW+#
!FT#-%00/()#-+#-+)#A#,4??/(M\>(48)#$+#<+#D!EETG+#2II(/66%48#'89#&%40/8H/#'664H%'?/9#V%?=#6.J6?'8H/#'J.6/+#
!)*+,-.%)/%@'(123-.%K(>(,4(,3=%&+(-01(,0)#HD!G)#!MU"+#
!F!#R'&%6)#P+#-+#D!EELG+#,6SH=4O='(5'H404I%H#&%40/8H/#'664H%'?/9#V%?=#H4H'%8/#'J.6/]#B%890%8I#4>#'#0%5J%H#
9S6H48?(40#6S89(45/e+#E+)A+(55%2,%O(*+)PE5=3')>'-+1-3).)A=%-,4%M2).)A23-.%E5=3'2-0+=)#6:DYG)#!NFUM!UTT+#
!FN#*(%/95'8)#2+#3+#D!EEEG+#3.J6?'8H/#.6/c'J.6/#'6#'#O(/9%H?4(#?4#%00/I'0#'89#&%40/8?#J/='&%4(]#2#(/&%/V#4>#?=/#
(/0/&'8?#0%?/('?.(/+#"AA+(552),%-,4%L2).(,0%M('-?2)+)#HDWG)#UUEMU""+#
!FU#74096?/%8)#,+#Q+)#1(4V86?/%8)#X+#X+)#$S'8)#,+#Q+)#A#1/00.HH%)#,+#2+#D!EETG+#;('HK#'89#X45%H%9/#%8#@/V#f4(K#;%?S)#
!EYY]#2#;48H/O?.'00S#1'6/9#\&/8?#28'0S6%6+#@),0(1>)+-+=%K+*A%E+)F.(15)#9QDWG)#L"!MLYF+#
!FW#1/8648)#1+#C+)#B%5)#a+)#$'65.66/8)#R+#P+)#A#g=/=0K/)#<+#P+#D!EENG+#a6#O(4O/(?S#H(%5/#H'.6/9#JS#9(.I#.6/#4(#
JS#9(.I#/8>4(H/5/8?#O40%HSe+#">>.2(4%N3),)1235)#6DDFG)#LFEMLEN+#
!F"#1/8648)#1+#C+)#A#$'65.66/8)#R+#P+#D!EE!G+#$/0'?%486=%O#J/?V//8#%00%H%?#9(.I#/8>4(H/5/8?#O40%HS#'89#
O(4O/(?S#H(%5/6+#@),0(1>)+-+=%N3),)123%E).23=)#RDWG)#!TLM!!"+#
43
!"#$%&'()''*+,$-.$/.,$0*+'1+,$0.$2.,$3$4155&6',$-.$2.$7!889:.$4;&<=&5$>1(;*<=<=1+$=+$=55=>=<$?6)@$(&6A*<'B$CD*$
>1+'*E)*+>*'$1F$=+>6*&'*?$?6)@$5&G$*+F16>*(*+<.$!"#$"%&'(&!")$'*+,&-./0$"1,$2379:,$H!8IH9#.$
!""$%*)<*6,$J.$7HKK8:.$4L'<*(=>$M=15*+>*$=+$?6)@$(&6A*<'.$45$6"7&,+%&+*0&1'8$+,&89+*)",$:279:,$H"NIHOP.$
!"O$!O$Q+=<*?$4<&<*'$R1?*$S++1<&<*?$T$8HH$Q+5&GF)5$S><'$7U:.$$
!"8$U1M*6+(*+<$S>>1)+<&V=5=<L$WFF=>*$7HK!H:.$U)+$R1+<615B$4D&6=+@$J61(='=+@$J6&><=>*'$&+?$S''*''=+@$
X+>*+<=M*'$R1)5?$0*<<*6$J1'=<=1+$Y)'<=>*$<1$S''='<$4<&<*'$=+$J61M=?=+@$%*>16?'$F16$0&>A@61)+?$RD*>A'$7USW$
J)V5=>&<=1+$Z1.$!HI#OP:.$/&'D=+@<1+,$-.R.$B$Q.4.$U1M*6+(*+<$J6=+<=+@$WFF=>*.$
!OK$SF=F=,$C.$W.,$[*+6=A'*+,$R.$S.,$S'()+?'1+,$U.$Y.,$3$4&6**+,$Y.$7HK!H:.$\=><=(=]&<=1+$&+?$;*6;*<6&<=1+$1F$
=+<=(&<*$;&6<+*6$M=15*+>*$&+?$')V'<&+>*$)'*$?='16?*6'$=+$&$+&<=1+&55L$6*;6*'*+<&<=M*$'&(;5*.$;9"&<'/5*+,&'(&
*"5#'/1&+*0&6"*.+,&0$1"+1",$2==7O:,$#OPI#8!$
!O!$^6=*?(&+,$S.$4.$7!888:.$4)V'<&+>*$)'*_&V)'*$&'$&$;6*?=><16$<1$=55*@&5$&+?$M=15*+<$V*D&M=16B$S$6*M=*G$1F$<D*$
6*5*M&+<$5=<*6&<)6*.$>))5"11$'*&+*0&?$',"*.&@"9+#$'5,$37P:,$998I9NN.$
!OH$S)*6D&D+,$`.,$3$J&6A*6,$%.$Z.$7!888:.$-6)@',$&5>1D15,$&+?$D1(=>=?*.$-./0A$*)&+*0&B5"#"*.$*)&9'6$8$0"C&
D11/"1&+*0&89+,,"*)"1,$8"I!!P.$
!O9$016@*',$U.,$/&5<*6',$a.$a.,$3$`*''5*6,$%.$R.$7HKKK:.$S''1>=&<=1+'$1F$')V'<&+>*$)'*,$&V)'*,$&+?$?*;*+?*+>*$
G=<D$')V'*E)*+<$')=>=?&5$V*D&M=16.$>6"5$8+*&<'/5*+,&'(&EB$0"6$',')A,$F:F7O:,$"O!I"O8.$$
!OP$015*',$4.$b.,$3$b=1<<1,$`.$7HKK9:.$4)V'<&+>*$&V)'*$&+?$M=15*+>*B$S$6*M=*G$1F$<D*$5=<*6&<)6*.$>))5"11$'*&+*0&
?$',"*.&@"9+#$'5,$G7H:,$!NNI!"P.$
!ON$U15?'<*=+,$J.$Y.,$061G+'<*=+,$[.$[.,$%L&+,$J.$Y.,$3$0*55)>>=,$J.$S.$7!88K:.$R6&>A$&+?$[1(=>=?*$=+$Z*G$c16A$R=<L,$
!8OOB$S$R1+>*;<)&55L$0&'*?$aM*+<$S+&5L'='.$4'*."6B'5+5A&H5/)&I5'J,"61,$FK7P:,$#N!I#O".$
!O#$0*+'1+,$0.$2.,$`=(,$X.,$%&'()''*+,$-.$/.,$3$dD*D5A*,$C.$/.$7!88H:.$X'$;61;*6<L$>6=(*$>&)'*?$VL$?6)@$)'*$16$
VL$?6)@$*+F16>*(*+<$;15=>Le.$>BB,$"0&E8'*'6$81,$2L7":,$#"8I#8H.$
!O"$0*+'1+,$0.$2.,$3$%&'()''*+,$-.$/.$7!88!:.$%*5&<=1+'D=;$V*<G**+$=55=>=<$?6)@$*+F16>*(*+<$;15=>L$&+?$
;61;*6<L$>6=(*'.$4'*."6B'5+5A&E8'*'6$8&I',$8A,$M7P:,$!K#I!!N.$
!OO$%&'()''*+,$-.$/.,$0*+'1+,$0.$2.,$3$4155&6',$-.$2.$7!889:.$4;&<=&5$>1(;*<=<=1+$=+$=55=>=<$?6)@$(&6A*<'B$CD*$
>1+'*E)*+>*'$1F$=+>6*&'*?$?6)@$5&G$*+F16>*(*+<.$!"#$"%&'(&!")$'*+,&-./0$"1,$2379:,$H!8IH9#.$
!O8$%*)<*6,$J.$7HKK8:.$4L'<*(=>$M=15*+>*$=+$?6)@$(&6A*<'.$45$6"7&,+%&+*0&1'8$+,&89+*)",$:279:,$H"NIHOP.$
!8K$U15?'<*=+,$J.$Y.,$061G+'<*=+,$[.$[.,$%L&+,$J.$Y.,$3$0*55)>>=,$J.$S.$7!88K:.$R6&>A$&+?$[1(=>=?*$=+$Z*G$c16A$R=<L,$
!8OOB$S$R1+>*;<)&55L$0&'*?$aM*+<$S+&5L'='.$4'*."6B'5+5A&H5/)&I5'J,"61,$FK7P:,$#N!I#O".$
!8!$0*+'1+,$0.$2.,$`=(,$X.,$%&'()''*+,$-.$/.,$3$dD*D5A*,$C.$/.$7!88H:.$X'$;61;*6<L$>6=(*$>&)'*?$VL$?6)@$)'*$16$
VL$?6)@$*+F16>*(*+<$;15=>Le.$>BB,$"0&E8'*'6$81,$2L7":,$#"8I#8H.$
!8H$0*+'1+,$0.$2.,$3$%&'()''*+,$-.$/.$7!88!:.$%*5&<=1+'D=;$V*<G**+$=55=>=<$?6)@$*+F16>*(*+<$;15=>L$&+?$
;61;*6<L$>6=(*'.$4'*."6B'5+5A&E8'*'6$8&I',$8A,$M7P:,$!K#I!!N.$
!89$%&'()''*+,$-.$/.,$0*+'1+,$0.$2.,$3$4155&6',$-.$2.$7!889:.$4;&<=&5$>1(;*<=<=1+$=+$=55=>=<$?6)@$(&6A*<'B$CD*$
>1+'*E)*+>*'$1F$=+>6*&'*?$?6)@$5&G$*+F16>*(*+<.$!"#$"%&'(&!")$'*+,&-./0$"1,$2379:,$H!8IH9#.$
!8P$%*)<*6,$J.$7HKK8:.$4L'<*(=>$M=15*+>*$=+$?6)@$(&6A*<'.$45$6"7&,+%&+*0&1'8$+,&89+*)",$:279:,$H"NIHOP.$
!8N$S;;*5V&)(,$J.,$3$4G&+'1+,$Y.$7HK!K:.$2&G$3$;'L>D=&<6LB$@)+$5&G'$&+?$(*+<&5$=55+*''B$D1G$'*+'=V5*$&6*$<D*$
>)66*+<$6*'<6=><=1+'e.$I1A89$+.5$8&-"5#$8"1,$KF7":,$#NHI#NP.$
!8#$RWZZ.$UaZ.$4CSC.$T$H8I9OR$
!8"$RWZZ.$UaZ.$4CSC.$T$H8I9O>$
!8O&RWZZ.$UaZ.$4CSC.$T$H8I9O>$
!88&RWZZ.$UaZ.$4CSC.$T$H8I9O>$
HKK&RWZZ.$UaZ.$4CSC.$T$H8I9O>$
HK!&RWZZ.$UaZ.$4CSC.$T$H8I9O>$
HKH&RWZZ.$UaZ.$4CSC.$T$H8I9O>$
HK9&RWZZ.$UaZ.$4CSC.$T$H8I9O>$
HKP&RWZZ.$UaZ.$4CSC.$T$H8I9O>$
HKN$%1'*$\,$R)((=+@'$2.$7HKK8:.$N/*&-"$O/5"&P+%.$W2%$%*'*&6>D$%*;16<$HKK8I%IK9K#.$
HK#$%1'*$\,$R)((=+@'$2.$7HKK8:.$N/*&-"$O/5"&P+%.$W2%$%*'*&6>D$%*;16<$HKK8I%IK9K#.$
HK"$XZ- .$RW-a$S ZZ.$T$9NIP"I!P$
HKO$J&6A*6,$U.$7HK!K:.$S;;5=>&<=1+$1F$&$F=6*&6($'*=])6*$5&G$&=(*?$&<$?&+@*61)'$;*6'1+'B$1)<>1(*'$F61($<D*$
F=6'<$<G1$L*&6'.$I1A89$+.5$8&-"5#$8"1,$KF7N:,$P"OIPOH.$
HK8$XZ- .$RW-a$S ZZ.$T$9NIP"I!P$
H!K$XZ- .$RW-a$S ZZ.$T$9NIP"I!P$
44
!""#$%&'(&)#*+#,!-"-.+#/00123%4256#57#%#72&(%&8#9(2:;&(#1%<#%28(=#%4#=%6>(&5;9#0(&9569?#5;4358(9#7&58#4@(#
72&94#4<5#A(%&9+#!"#$%&'()&$*+,)-&$,")#./,B.)#CDEFCE!+#
!"!#GHI +#JKIL#/ HH+#M#NBFCDF"C#
!"N#GHI +#JKIL#/ HH+#M#NBFCDF"C#
!"C#GHI +#JKIL#/ HH+#M#NBFCDF"C#
!"B#GHI +#JKIL#/ HH+#M#NBFCDF"C#
!"O#GHI +#JKIL#/ HH+#M#NBFCDF"C#
!"D#GHI +#JKIL#/ HH+#M#NBFCDF"C#
!"E#GHI+#JKIL#/ HH+#M#NBFCDF"C#
!"P#GHI+#JKIL#/ HH+#M#NBFCDF"C#
!!-#GHI +#JKIL#/ HH+#M#NBFCDF"C#
!!"#GHI +#JKIL#/ HH+#M#NBFCDF"C#
!!!#GHI +#JKIL#/ HH+#M#NBFCDF"C#
!!N#$%&'(&)#*+#,!-"-.+#/00123%4256#57#%#72&(%&8#9(2:;&(#1%<#%28(=#%4#=%6>(&5;9#0(&9569?#5;4358(9#7&58#4@(#
72&94#4<5#A(%&9+#!"#$%&'()&$*+,)-&$,")#./,B.)#CDEFCE!+#
!!C#$%&'(&)#*+#,!-"-.+#/00123%4256#57#%#72&(%&8#9(2:;&(#1%<#%28(=#%4#=%6>(&5;9#0(&9569?#5;4358(9#7&58#4@(#
72&94#4<5#A(%&9+#!"#$%&'()&$*+,)-&$,")#./,B.)#CDEFCE!+#
!!B#$%&'(&)#*+#,!-"-.+#/00123%4256#57#%#72&(%&8#9(2:;&(#1%<#%28(=#%4#=%6>(&5;9#0(&9569?#5;4358(9#7&58#4@(#
72&94#4<5#A(%&9+#!"#$%&'()&$*+,)-&$,")#./,B.)#CDEFCE!+#
!!O#$%&'(&)#*+#,!-"-.+#/00123%4256#57#%#72&(%&8#9(2:;&(#1%<#%28(=#%4#=%6>(&5;9#0(&9569?#5;4358(9#7&58#4@(#
72&94#4<5#A(%&9+#!"#$%&'()&$*+,)-&$,")#./,B.)#CDEFCE!+#
!!D#$%&'(&)#*+#,!-"-.+#/00123%4256#57#%#72&(%&8#9(2:;&(#1%<#%28(=#%4#=%6>(&5;9#0(&9569?#5;4358(9#7&58#4@(#
72&94#4<5#A(%&9+#!"#$%&'()&$*+,)-&$,")#./,B.)#CDEFCE!+#
!!E#$%&'(&#*Q+#$(&956%1#3588;623%4256+#
!!P#$%&'(&#*Q+#$(&956%1#3588;623%4256+#
!N-#$%&'(&)#*+#,!-"-.+#/00123%4256#57#%#72&(%&8#9(2:;&(#1%<#%28(=#%4#=%6>(&5;9#0(&9569?#5;4358(9#7&58#4@(#
72&94#4<5#A(%&9+#!"#$%&'()&$*+,)-&$,")#./,B.)#CDEFCE!+#
!N"#R(S%9#T(%14@#%6=#U%7(4A#J5=(#R241(#D)#9;V4241(#J)#U(34256#BDN+--"+#
!N!#Q&((=8%6#I+#R(S%9#31%&272(=#8(64%1#@(%14@#3&2929#>;6#05123A+#T5;9456#J@&56231(+#K345V(&#"P)#!-"N+#
/W%21%V1(#%4?#@440?XX<<<+@5;94563@&56231(+358X6(<9X@5;9456F4(S%9X4(S%9X%&4231(XR(S%9F31%&272(9F8(64%1F
3&2929F>;69F05123AFCP-ENN"+0@0+#/33(99(=?#H5W(8V(&#"-)#!-"N+#
!NN#R(S%9#T(%14@#%6=#U%7(4A#J5=(#R241(#D)#9;V4241(#J)#U(34256#BDN+--"+#
!NC#R(S%9#T(%14@#%6=#U%7(4A#J5=(#R241(#D)#9;V4241(#J)#U(34256#BDN+--"+#
!NB#J%1+#Y(17+#Z#G694+#J5=(#M#E"-!+#
!NO#R(S%9#T(%14@#%6=#U%7(4A#J5=(#R241(#D)#9;V4241(#J)#U(34256#BDN+--"+#
!ND#R(S%9#T(%14@#%6=#U%7(4A#J5=(#R241(#D)#9;V4241(#J)#U(34256#BDN+--"+#
!NE#R(S%9#T(%14@#%6=#U%7(4A#J5=(#R241(#D)#9;V4241(#J)#U(34256#BDN+--"+#
!NP#R(S%9#T(%14@#%6=#U%7(4A#J5=(#R241(#D)#9;V4241(#J)#U(34256#BDN+--"+#
!C-#R(S%9#T(%14@#%6=#U%7(4A#J5=(#R241(#D)#9;V4241(#J)#U(34256#BDN+--"+#
!C"#R(S%9#T(%14@#%6=#U%7(4A#J5=(#R241(#D)#9;V4241(#J)#U(34256#BDN+--"+#
!C!#Q&%44%&512)#U+)#Z#[(&623')#\+#U+#,!--O.+#U(0%&%426>#]%44(&(&9#%6=#*;69#/#^(W2(<#%6=#/6%1A929#57#*;6#^(85W%1#
_%<9#26#B-#U4%4(9+#0-'12'(&34*5,-&,6)#78,N.)#!POFN"!+#
!CN#_%<#J(64(&#45#$&(W(64#*;6#[251(63()#I58(9423#[251(63(#%6=#Q2&(%&89#$5123A#U;88%&A)#%4#
@440?XX98%&4>;61%<9+5&>X=58(9423FW251(63(F72&(%&89F05123AF9;88%&AX+##
!CC#$%&'(&)#*+#,!-"-.+#/00123%4256#57#%#72&(%&8#9(2:;&(#1%<#%28(=#%4#=%6>(&5;9#0(&9569?#5;4358(9#7&58#4@(#
72&94#4<5#A(%&9+#!"#$%&'()&$*+,)-&$,")#./,B.)#CDEFCE!+#
!CB#Q&%44%&512#U+#^(85W26>#*;69#7&58#I58(9423#[251(63(#K77(6=(&9?#/6#/6%1A929#57#U4%4(#_(W(1#$51232(9#45#
$&(W(64#Q;4;&(#/V;9(+#]%14285&()#`I?#R@(#\5@69#T50'269#J(64(&#75&#*;6#$5123A#%6=#^(9(%&3@)#!--P+#
!CO#_%<#J(64(&#45#$&(W(64#*;6#[251(63()#I58(9423#[251(63(#%6=#Q2&(%&89#$5123A#U;88%&A)#%4#
@440?XX98%&4>;61%<9+5&>X=58(9423FW251(63(F72&(%&89F05123AF9;88%&AX+#
!CD#[2>=5&)#L+#^+)#Z#`(&3A)#\+#/+#,!--N.+#I29%&826>#V%44(&(&9?#R@(#280%34#57#=58(9423#W251(63(#72&(%&8#1%<9+#
0-'12'(&49*924*:31&$#;*0<<,$("*34*$)&=,*'4>*-&31,4$,)#"BDF!-"+#
!CE#[2>=5&)#L+#^+)#Z#`(&3A)#\+#/+#,!--O.+#I5#1%<9#&(94&23426>#%33(99#45#72&(%&89#VA#=58(9423#W251(63(#577(6=(&9#
0&(W(64#26428%4(#0%&46(&#@58232=(a+#0-'12'(&34*5,-&,6)#78,N.)#N"NFNCO+#
45
!"#$%&'()*$+,$-,*$.$/&012&3*$4,$/,$5!6768,$9::&;21$':$<'=&12);$>)'(&?;&$@'();)&1*$A(;'B'($2AC&1$A?<$@'();&$12A::)?D$
(&>&(1$'?$)?2)=A2&$@A32?&3$B'=);)<&$)?$(A3D&$EF$;)2)&1,$!"#$%&'(%)*)"+,-"*$./5!8*$#6G#H,$
!H6$-'3A;;'*$I,$9,*$J(A3K*$I,$+,*$91@&31&?*$J,*$L'M()?D*$N,$-,*$.$OA;):);$P?12)2Q2&$:'3$R&1&A3;B$A?<$9>A(QA2)'?$
5OPR98,$5!66S8,$O3&>&?2)?D$T)3&A3=1$U)'(&?;&$+='?D$U);2)=1$':$P?2)=A2&$OA32?&3$U)'(&?;&V$+?$9>A(QA2)'?$':$A$
W&M$W'32B$JA3'()?A$XAMV$E,F,$4&@A32=&?2$':$NQ12);&,$$
!H7$%&'()*$+,$-,*$.$T3A22A3'()*$F,$5!67Y8,$9>)<&?;&$:'3$Z@2)=)1=V$O'();)&1$2'$X)=)2$LA22&3&31[$+;;&11$2'$\Q?1,$
0)1$2,"3'4$"'5,-6)"2)',"'78)%,29:'!";-%8,"3'<-6,2&'=,+>'?*,1)"2)'9"1'7"96&@,@*$HYGSY,$
!H!$\'>&3?=&?2$+;;'Q?2A0)()2]$Z::);&$5!67!8,$\Q?$J'?23'(V$FBA3)?D$O3'=)1)?D$O3A;2);&1$A?<$+11&11)?D$
P?;&?2)>&1$J'Q(<$L&22&3$O'1)2)'?$NQ12);&$2'$+11)12$F2A2&1$)?$O3'>)<)?D$R&;'3<1$:'3$LA;KD3'Q?<$JB&;K1$5\+Z$
OQ0();A2)'?$W',$7!GS^"8,$/A1B)?D2'?*$4,J,$V$E,F,$\'>&3?=&?2$O3)?2)?D$Z::);&,$
!HY$%&'()*$+,$-,*$.$T3A22A3'()*$F,$5!67Y8,$9>)<&?;&$:'3$Z@2)=)1=V$O'();)&1$2'$X)=)2$LA22&3&31[$+;;&11$2'$\Q?1,$
0)1$2,"3'4$"'5,-6)"2)',"'78)%,29:'!";-%8,"3'<-6,2&'=,+>'?*,1)"2)'9"1'7"96&@,@*$HYGSY,$
!H"$P(D&?*$-,*$%)>)?*$I,*$-;JA=='?*$R,*$.$UA(&?12&)?*$-,$5!66^8,$-&?2A($)((?&11*$@3&>)'Q1$1Q);)<A()2]*$A?<$A;;&11$
2'$DQ?1$)?$2B&$E?)2&<$F2A2&1,$<@&2>,9+%,2'A)%*,2)@*$BC5!8*$7#^G!66,$
46
The Consortium for Risk-­Based Firearm Policy Paul Appelbaum, MD Lanny Berman, PhD, ABPP Elizabeth K. Dollard Professor of Psychiatry, Medicine & Law at Columbia University; Director of the Division of Law, Ethics, and Psychiatry Executive Director of the American Association of Suicidology Renee Binder, MD Richard Bonnie, LLB Professor at University of California San Francisco; Director of the Psychiatry and the Law Program Harrison Foundation Professor of Medicine and Law at the University of Virginia School of Law; Professor of Psychiatry and Neurobehavioral Sciences; Professor of Public Policy Shannon Frattaroli, PhD, MPH Liza Gold, MD Assistant Professor in the Department of Health Policy and Management at Johns Hopkins Bloomberg School of Public Health Clinical Professor of Psychiatry at Georgetown University School of Medicine Sheldon Greenberg, PhD Lori Haas Associate Dean of the School of Education Virginia State Director at the Educational in the Division of Public Safety Leadership Fund to Stop Gun Violence at the Johns Hopkins University; Associate Professor of Management at Johns Hopkins University
Holley Haymaker, MD Josh Horwitz, JD Clinical Professor of Family Medicine LSU School of Medicine (retired); Consultant in Mental Health and Children's Behavioral Services at the Capital Area Human Services District in Baton Rouge, Louisiana Executive Director of the Educational Fund to Stop Gun Violence; Visiting Scholar at Johns Hopkins Bloomberg School of Public Health Juliet A. Leftwich, JD Beth McGinty, PhD Legal Director of the Law Center to Prevent Gun Violence Assistant Professor in the Department of Health Policy and Management at Johns Hopkins Bloomberg School of Public Health Dale McNiel, PhD George Parker, MD Professor of Clinical Psychology in the Associate Professor of Clinical Psychiatry Department of Psychiatry at the School of at Indiana University Medicine at University of California, San Francisco Jeffrey Swanson, PhD Stephen Teret, JD, MPH Professor of Psychiatry and Behavioral Sciences at Duke University School of Medicine Professor in the Department of Health Policy and Management at Johns Hopkins Bloomberg School of Public Health; Director of the Center for Law and Public's Health Katherine Vittes, PhD, MPH Daniel Webster, ScD, MPH Research Associate at the Johns Hopkins Center for Gun Policy Research Professor in the Department of Health Policy and Management at Johns Hopkins Bloomberg School of Public Health; Co-­
Director of the Center Gun Policy Research Garen Wintemute, MD, MPH Professor of Emergency Medicine at the University of California, Davis; Director of the Violence Prevention Research Program; Inaugural Susan P. Baker-­
Stephen P. Teret Chair in Violence Prevention