'2/8 *'7 4).+3 -+3'974 :/+1 !5'A 2').8 ;/+ *'7
77+3
<5C5> +95 29DD5 495C5 52B1E38C1><59DE>7
1>> ;S>>5> +95
1<<5 D538>9C385> .?BJT75 !8B5C 5B45C >EDJ5>
+95 5B81<D5> G938D975 !>6?B=1D9?>5> JEB +9385B859D
+95 <5B>5>
495 59>J5<>5> ,59<5 !8B5C >5E5> 5B45C ;5>>5>
->4 G9B
J5975> !8>5> +38B9DD 6TB +38B9DD G95 +95 59>CD5<<5>
C 9CD 71>J
59>6138
!> 45> ,125<<5> 69>45> +95 6TB F95<5 752BRE38<9385 5B938D5
9>CD5<<G5BD5 E>4 9>C38E28S85>
<<5C 9> E>C5B5=
#?38CDE49? 75D5CD5D
->4 61<<C 59>=1< 59>5 +DSBE>7 1E6DB9DD 895B 69>45> +95
!>6?B=1D9?>5> G95 +95 ;<59>5 +DSBE>75> C5<2CD 258525>
9> 1EC6T8B<9385C !>81<DCF5BJ5938>9C 89<6D !8>5> C938 C38>5<<
JEB538DJE69>45>
->4 >E> ED5> @@5D9D
59 G59D5B5> B175> GR8<5> +95 E>C5B5 !>6?U&E==5B
!/+2+37 3,4 /3+ %?UB U
-8B 5BB593821B
TB (B?4E;D9>6?B=1D9?>5> C?G95 >G5>4E>7CU E>4 5495>E>7C6B175>
,5<
?45B E>D5B 7/+2+37E/3,4E1/3+(7.-)42
-*%9> 1EC 45= 5CD>5DJ 45B ,U?= %?29< 776C
12G59385>4
&EB 6TB 5EDC38<1>4 7T<D97
+(6'9).7'31+/893 *+
3.'187:+6=+/).3/7
!/).+6.+/87./3;+/7+ .?B 45= 9>21E 9>G59C5 JE !8B5B +9385B859D -BC1385> 6TB +38R45> 3+6-/+E 93* #2;+188/557 -=G5<D75B538D 5>DC?B75> >5B795C@1B5> 9= 13;?65> >5B795C@1B5> 1E6 45= #?3865<4 9,78+11+3 93* 37).1/+A+3 TB 45> !>CD1<<1D5EB 5B4 G117B538D 1E6CD5<<5> .6 3+9+6 +6* 1C #?3865<4 5B 13;?65> 5B 1BB1E= $46 *+2 +678+3 +398=+3 -8BJ59D 59>CD5<<5> 13;?65> 1E6859J5> 0E258SB B59>975> 4).,+1* +/378+11+3 +? CD5<<5> +95 59> B?Q5 0G59;B59CU#?38CD5<<5 E>4 BRD5BJ?>5 #?38D125<<5 ')04,+3 +/378+11+3 59J1BD E>4 ,5=@5B1DEB 5B 13;?65> C?<< 1ED?=1D9C38 1ECC381<D5> 3.'187:+6=+/).3/7
5B 13;?65> C?<< 1ED?=1D9C38 59>U E>4 1ECC381<D5> *5CDGRB=5U>J5975 +38>5<<1E6859JE>7 !'(('8E!).'1893- #.6=+/8 +? CD5<<5> +95 59> %+)0+6 +? CD5<<5> +95 59> /3*+67/).+693- 13;?65> 9842'8/7).+ (7).'1893- 13;?65> 693*+/378+1193-+3 !+1(786+/3/-93- /938D975
9>G59C5 .?B 45B +5<2CDB59>97E>7 *59>97E>7CCDE65 59>CD5<<5> &138 45B +5<2CDB59>97E>7 ,1+-+ 93*
+/3/-93- *59>97E>7C=9DD5< 13;G175> 85B1EC>58=5> ,TB12453;E>7 12>58=5> ,TBC385925> 1ECU E>4 59>21E5> /3+ !8C693- ;'7 893 13;?65><1=@5 1> 45B 53;5 1ECG538C5<> <1C12453;E>7 3.'187:+6=+/).3/7
93*+3*/+378 6'8'9842'8/0 5C389BB 5B938D F?B25B59D5> (B?7B1==5 /95 <1>75 41E5BD 41C 5B938D +? CD5<<5> +95 59> 5B 13;?65> C?<< 1ED?=1D9C38 59>U E>4 1ECC381<D5> ,9@@C JEB B1D1ED?=1D9; D6 !/+ /3 937+6+2 4).789*/4 -+8+78+8 #E385> E>4 52R3; ,9@@C JE= 13;5> <59C38 56<T75< 9C38 ,9@@C JE= B1D5> E>4 B9<<5> E6<RE65 B1D9>C ,?1CDC 5BD97@B?4E;D5 5C?>45B5 5B938D5 E6D1E5> SBB5> 9>;?385> )6<1'2/* /3 +(+372/88+13 6D,-+6/).8+ !/).+6.+/87./3;+/7+
$5C5> +95 29DD5 C?B76R<D97 495C5 52B1E38C1><59DE>7
525> +95 495 52B1E38C1><59DE>7 7ED 1E6
/5>> +95
41C 5BRD G59D5B7525> <575> +95 495 ><59DE>7 259
$46 *+2 /3('9
"6'3754687).B*+3
(BT65> +95 41C 5BRD >138 45= EC@13;5>
59
59>5= ,B1>C@?BDC38145> 4TB65> +95 41C 5BRD >938D
1>C38<95Q5> <1CC5>
1+086/7).+6 37).1977
&EB 59> ;?>J5CC9?>95BD5B 138=1>> 41B6 41C 5BRD
1>C38<95Q5>
/9B4 41C 5BRD 61<C38 1>75C38<?CC5>
8125> +95 ;59>5> >C@BE38 1E6 1B1>D95
/3;+/7+ =9 .6+6
!/).+6.+/8
95C5C 5BRD 9CD >EB 6TB 45> @B9F1D5> 1EC81<D
25CD9==D
5>EDJ5> +95 45> 5B4 1ECC38<95Q<938 JE=
0E25B59D5> F?> +@59C5>
BG138C5>5 E>4 #9>45B 4TB65> 41C 5BRD >938D
E>251E6C938D97D 25495>5>
G5>> C95 ;SB@5B<938 ?45B 759CD97 >938D 9> 45B $175
C9>4 ?45B
G5>> 98>5> /9CC5> E>4 B618BE>7 658<5>
&95 #9>45B =9D 45= 5BRD C@95<5> <1CC5>
+/A+ 1B).+3
.5B2B5>>E>7C75618B
&95 495 859Q5> #?38CD5<<5> 1BB1E=U!>>5>6<R385>
?45B 59J5<5=5>D5 25BT8B5>
1<D5> +95 ;<59>5 #9>45B
65B>
5138D5> +95 495 *5CDGRB=5U>J5975 1E6 45=
#?3865<4
+95 G1B>D F?B 859Q5> #?38CD5<<5>
#EBJC38<ECC75618B
&95 >C38<ECC;125< F?> <5;DB?75BRD5> 9> 45B 859Q5>
13;?65>DTB 59>;<5==5> ?45B T25B 41C 859Q5
#?3865<4 J9585>
95 #125<9C?<95BE>7 ;1>> C38=5<J5>
B1>475618B
&95 2B5>>21B5 575>CDR>45 1E6 45= #?3865<4
12<575> ?45B 9= 1BB1E= 1E625G18B5>
&95 495 13;?65>DTB S66>5> G5>> *1E38 9= 5BRD
1E6DB9DD
+381<D5> +95 41C 5BRD 1EC
09585> +95 45>
&5DJCD53;5B 2JG
C381<D5> +95 495 +9385BE>7 9=
+9385BE>7C;1CD5> 1EC
+/A+6 '25,
.5B2BT8E>7C75618B
95 13;?65>DTB F?BC938D97 S66>5>
C ;1>> 859Q5B
1=@6 5>DG59385>
&95 /1CC5B 9> 45> 859Q5> 1BB1E= 795Q5>
C
5>DCD58D 859Q5B /1CC5B41=@6
1<D5> +95 #9>45B 65B>
.5B2B5>>E>7C75618B
&95 +@59C5> =9D 7B?Q5> %5>75> 1> 8?38@B?J5>D975>
1<;?8?<9C385> 5DBR>;5> JE25B59D5>
<;?8?<4R=@65
;S>>5> C938 9= 1BB1E= 5>DJT>45>
.5BG5>45> +95
>EB ;<59>5 %5>75> 8?38@B?J5>D975B 5DBR>;5 E>4
S66>5> +95 495 13;?65>DTB F?BC938D97
+/A+7 &9(+.C6 93*
+7)./66
.5B2B5>>E>7C75618B
&95 859Q5C 0E258SB ?45B 5C389BB ?8>5 ,?@6<1@@5>
1EC 45= 1BB1E= >58=5>
@(+6./8=8+7 ?1 4*+6 +88
B1>475618B
&95 5DD ?45B O< E>251E6C938D97D 5B89DJ5>
P25B89DJD5C
O< E>4 5DD 5>DJT>45D C938 C38>5<<
B5>>5>45C O<
?45B 5DD >95 =9D /1CC5B <SC385>
$575> +95 C?6?BD
59>5> 53;5< ?45B ,5<<5B 1E6 41C 5C389BB 41=9D 495
<1==5> 5BCD93;5>
+381<D5> +95 495 #?38CD5<<5 1EC
E>4 <1CC5> +95 41C 5C389BB 1E6 45B #?38CD5<<5
1EC;T8<5>
'77+ "45,(C*+3 93*
4).78+11+3
.5B<5DJE>7C75618B
EB38 <TCC97;59D JG9C385> ,?@62?45> E>4
#?38CD5<<5 ;1>> 1=@64BE3; 5>DCD585>
5B ,?@6
;1>> @<SDJ<938 9> 495 S85 C@B9>75>
1<D5> +95
#?38CD5<<5> E>4 ,?@62S45> 9==5B DB?3;5>
/77+ /3 *+6 1'70+6'2/0
+DB?=C38<1775618B
&95 41C #?3865<4 25>EDJ5> G5>> 495 <1C;5B1=9;
BT385 +@BT>75 ?45B *9CC5 1E6G59CD
+381<D5> +95
41C 5BRD 1EC E>4 BE65> +95 45> #E>45>495>CD
#37').-+2BA+
+5'6'896+3
+DB?=C38<1775618B
->C13875=RQ5 *5@1B1DEB5> C9>4 756R8B<938
&EB 59>
F?> E>C 75C38E<D5B #E>45>495>CDU,538>9;5B 41B6
*5@1B1DEB5> 4EB386T8B5> E>4 25C38R497D5
>C38<ECC<59DE>75> 1ECD1EC385>
/5>> 41C 5BRD 4565;D 9CD J9585> +95 45>
&5DJCD53;5B 2JG
C381<D5> +95 495 +9385BE>7 9=
+9385BE>7C;1CD5> 1EC
*E65> +95 45> #E>45>495>CD
4.+ "+25+6'896+3 (+/ *+6
!+1(786+/3/-93-
B1>475618B
$?C5 +@59C5B5CD5 5DD E>4 B1D5>C16D ;S>>5> C938
GR8B5>4 45B +5<2CDB59>97E>7 5>DJT>45>
>D65B>5> +95 F?B :545B +5<2CDB59>97E>7 7B?25
.5BC38=EDJE>75> 1EC 45= 1BB1E=
B1>475618B
&95 2B5>>21B5 575>CDR>45 G95 J
5C389BBDT385B
1> 45> ,TB7B966 8R>75>
1C 5BRD G9B4 GR8B5>4 45B +5<2CDB59>97E>7 1EQ5>
C58B 859Q
1<D5> +95 #9>45B 65B>
5618B C38G5B5B 5CE>4859DCC38R45>
&95 1>D9816D25C38938D5D5 <5385 E>4 ?B=5> 259 45B
+5<2CDB59>97E>7 =9DB59>975>
EB38 495 7B?Q5 9DJ5
G9B4 495 >D9816D25C38938DE>7 J5BCDSBD E>4 5C
5>DCD585> 796D975 1C5
#67').+3 ,D6
!).B*+3
!).B*+3 '2 4).,+1*
.5B=5945> +95 41C $55B;?385> F?> ,S@65>
9>C25C?>45B5 F?> =19<U E>4 <E=9>9E=DS@65>
C
;S>>5> +38R45> 5>DCD585>
+D5<<5> +95 859Q5C 5C389BB >938D 1E6 45=
>J597525B5938 ?45B 45= *18=5> 12
/5>> 81BD5 ?45B C@9DJ5 575>CDR>45 1E6 41C
#?3865<4 61<<5> ;S>>5> +38R45> 5>DCD585>
$175B>
+95 C?<385 575>CDR>45 >938D T25B 45= #?3865<4
<E6?<95 ?45B #E>CDCD?66U56RQ5 C38=5<J5> 1E6 45>
859Q5> #?38CD5<<5> 1>
5B4C38EDJ6?<95 9CD 6TB 41C
#?3865<4 E>75597>5D
!> 45B 6?<75>45> ,125<<5 69>45> +95 495 8RE697CD5>
+38R45>
!3&
)*!
2&!%
:3193<
N03?53:/B43<3 )>37@3<
<A43?<3< )73 R03?53:/B43<3 )>37@3<
@=4=?A ;7A 37<3; :/@@16/03?
+<53375<3A3 (37<75B<5@;7AA3:
,3?D3<23< )73 <B? (37<75B<5@;7AA3:
273 4R? :/@93?/;79 53375<3A @7<2
)/:G .B193? B<2 )/<2
,3?D3<23< )73 2/@ !=1643:2 <716A /:@
?037A@S =23? 0@A3::4:P163
(/B3 *=>4S B<2 &4/<<3<0Q23<
&?R43< )73 6? 3@167??
+<53375<3A3 (37<75B<5@;7AA3:
,3?D3<23< )73 <B? (37<75B<5@;7AA3:
273 4R? :/@93?/;79 53375<3A @7<2
*=>4/0?730 G :B;7<7B;
303< )73 273 *Q>43 B<2 &4/<<3<
037; ,3?@167303< /<
.B193? @A/?9 GB193?6/:A753 )>37@3<
<A43?<3< )73 R03?53:/B43<3 )>37@3<
@=4=?A ;7A 37<3; :/@@16/03?
!?/AG3?
,3?4P?0B<53<
B@;B@163:B<5
!).B*+3 '2 ')04,+3
+389525> +95 1E6 45= 1BB1E=2?45> ;59> 0E258SB
59>
$575> +95 98> >938D =9D ?<95 ?45B 13;@1@95B
1EC 571< G5<385B BD
+D5<<5> +95 ;59> 5C389BB 1E6
45> 1BB1E=2?45> G5>> 59>5 ,5=@5B1DEB T25B
L 59>75CD5<<D 9CD
C 5>DCD58D 59> /RB=5CD1E
95 13;U E>4 B1DJ59D5>
CD9==5> >938D =58B E>4 41C =19< G9B4 25C38R497D
95Q5> +95 >95 /1CC5B 9> 45> 859Q5> 1BB1E=
EB38
45> ,5=@5B1DEBG538C5< ;S>>5> =19<C38R45>
5>DCD585>
5G18B5> +95 65E38D5 $525>C=9DD5< >938D 6TB <R>75B5
059D 9= 75C38<?CC5>5> 1BB1E= 1E6
1C =19< G9B4
25C38R497D
5<575> +95 41C <538 259 C58B C16D975= '2CD;E385>
>938D JE T@@97
'2CDC16D 45B F?= 13;2<538 DB?@6D
89>D5B<RCCD <53;5> 495 +95 >938D =58B 5>D65B>5>
;S>>5>
.5BG5>45> +95 25CC5B 495 D9565B5
->9F5BC1<@61>>5
+D5<<5> ?45B C5DJ5> +95 C938 >938D 1E6 45> 75S66>5D5>
13;G175>
,B1>C@?BD95B5> +95 41C 5BRD >938D 1= ,TB7B966
B 8R<D
41C 5G938D 45C 5BRD5C >938D 1EC E>4 ;1>>
122B5385>
!).B*+3 '3 *+6
!4)0+17).9(1'*+
$575> +95 ;59>5 859Q5> 575>CDR>45 9> 495
+?3;5<C38E2<145
+95 ;1>> 25C38R497D G5B45>
!).B*+3 '3 (+3').('68+3
C(+1,6438+3
$1CC5> +95 45> 1BB1E= >EB 9= 75C38<?CC5>5>
0ECD1>4 1EC;T8<5>
E38 G5>> +95 45> 13;G175>
>EB 59>5> +@1<D 2B59D S66>5> ;S>>5> 25>13821BD5
%S25<6B?>D5> =9D 45B 059D 25C38R497D G5B45>
!CD 495 13;?65>4938DE>7 CD1B; F5BC38=EDJD C38<95QD
45B 13;G175> 259 5DB952 >938D =58B B938D97
>7B5>J5>45 %S25<6B?>D5> G5B45> =9D 45B 059D
25C38R497D
1<D5> +95 495 938DE>7 C1E25B
3+6-/+E 93* #2;+188/557
95B 5B81<D5> +95 ,9@@C G95 +95 259= 13;5> E>4
B1D5> 9= 13;?65> E>4 259= #?385> 1E6 45=
#?3865<4 >5B795 C@1B5> ;S>>5> E>4 G95 +95 !8B 5BRD
B938D97 5>DC?B75>
#2;+18-+6+).8
+38746-+3
>DC?B75> +95 495 .5B@13;E>7 E=G5<D75B538D
95C5C 5BRD 9CD 5>DC@B5385>4 45B 5EB?@R9C385>
*938D<9>95 T25B <5;DB?U E>4 <5;DB?>9;U
<D75BRD5 G1CD5 5<53DB931< 1>4 5<53DB?>93 5AE9@=5>D U
/ 75;5>>J5938>5D
95 *938D<9>95 792D 45> *18=5> 6TB 59>5 -UG59D
7T<D975 *T3;>18=5 E>4 .5BG5BDE>7 45B <D75BRD5 F?B
3+6-/+75'6+3 /2
')04,+3
59J5> +95 45> 13;?65> >EB 41>> F?B G5>> 5C 9=
*5J5@D ?45B 9> 45> ,125<<5> 45B 52B1E38C1><59DE>7
1>757525> 9CD
.5BG5>45> +95 4E>;<5 C38G1BJ <13;95BD5 ?45B
5=19<<95BD5 13;6?B=5>
+95 >58=5> 495 9DJ5
25C?>45BC 7ED 1E6
O66>5> +95 495 13;?65>DTB 259= 1B5> 13;5> ?45B
B1D5> =S7<938CD C5<D5>
%58B5B5 #E385> 213;5> +95 1= 25CD5>
>13859>1>45B
5B 1BB1E= 9CD >?38 G1B=
14EB38
F5B;TBJD C938 495 13;J59D 6TB 45> JG59D5> #E385>
+95
;S>>5> 1E38 #1CD5>6?B=5> >525>59>1>45B
59>C389525>
59 <R>75B5> 1BJ59D5> ;S>>5> +95 45> 13;?65>
%9>ED5> F?B >45 45B 1BJ59D 1ECC381<D5> E>4 495
*5CDGRB=5 JE= 5BD9771B5> >EDJ5>
3+6-/+75'6+3 '9,
*+2 4).,+1*
5>EDJ5> +95 ,S@65 E>4 (61>>5> =9D 493;5> 525>5>
S45>
->525>5 S45> 5B8S85> 45>
>5B795U.5B2B1E38
5B EB38=5CC5B 45C ,?@6U ?45B (61>>5>2?45>C C?<<
=9D 45B BSQ5 45B #?38CD5<<5 T25B59>CD9==5>
+@5J95<< JE ;<59>5 ,S@65 1E6 45B #?38CD5<<5 6T8B5> JE
>5B795F5B<ECD5>
5138D5> +95 5C389BBU 5BCD5<<5B 7525> ?6D 45>
?25B5> ,?@64EB38=5CC5B 1>
B 9CD =59CD5>C 7BSQ5B
1<C 45B EB38=5CC5B 45C ,?@62?45>C
.5BG5>45> +95 6TB ;<59>5 %5>75> 59>5> ;<59>5> ,?@6
9> 7B?Q5B >EB G5>97 756T<<D5B ,?@6 25>SD97D F95<
>5B795
+38<95Q5> +95 ,S@65 9==5B =9D 59>5= @1CC5>45>
53;5<
59= #?385> ?8>5 53;5< 25>SD975> +95
F95B=1< =58B >5B795
1B5> +95 =9D G5>97 /1CC5B
1C C@1BD >5B795
59
5=TC5 2<5925> .9D1=9>5 E>4 %9>5B1<CD?665 5B81<D5>
+381<D5> +95 B538DJ59D97 1E6 59>5 >954B975B5 #?38CDE65
JEBT3;
&EDJ5> +95 495 *5CDGRB=5
+381<D5> +95 259 <R>75B5>
1BJ59D5> 25B59DC U%9>ED5> F?B 1BJ59D5>45 495
#?38CD5<<5 1EC
9,78+11+3 93* 37).1/+A+3
1+086/7).+6 37).1977
5> 5<5;DB9C385> >C38<ECC =ECC 59> ;?>J5CC9?U
>95BD5> 138=1>> F?B>58=5>
95 .?BC38B96D5> 45C
JECDR>4975> +DB?=F5BC?B75BC =TCC5> 59>7581<D5>
G5B45>
/9B4 41C 5BRD 61<C38 1>75C38<?CC5> 5>D6R<<D 259
+38145> 45B 1B1>D951>C@BE38
D6 *+3 378'11'8+96
C =ECC 9>CD1<<1D9?>CC59D97 59>5 1<<@?<975
,B5>>F?BB938DE>7 =9D 59>5B #?>D1;DS66>E>7 F?>
=9>45CD5>C == F?B81>45> C59>
59 >C38<ECC
T25B +D53;5B 9CD 495C >938D >?DG5>497 G5>> 45B
+D53;5B 6TB 45> 5>EDJ5B JE7R>7<938 9CD
<5;DB9C385 +9385B859D 5B 5B4 9CD 59> 5BRD 45B
+38EDJ;<1CC5 ! E>4 41B6 >EB 9> .5B29>4E>7 =9D
+38EDJ<59D5B1>C38<ECC 25DB9525> G5B45>
TB 45> >C38<ECC 45C 5BRD5C 9CD 59>5 $59DE>7 F?=
,I@ ..U ?45B 7<5938G5BD97 JE F5BG5>45>
%9D +D53;5B F5BC585>5 5BRD5 4TB65> >EB 1>
F?BC38B96DC=RQ97 9>CD1<<95BD5 +D53;4?C5> 1275C9385BD
=9D =1H
H== 1>75C38<?CC5> G5B45>
+6* ;''-6+).8
'9,78+11+3
+D5<<5> +95 45> 5B4 49B5;D 1E6 45> EQ2?45>
+?3;5<C38E2<145 85B1ECJ9585> E>4 >138 ?25>
85B1EC8525>
= +?3;5< 9>>5> C9>4 F?B> E>4 89>D5> +D5<<6TQ5
+D5<<6TQ5 >138 541B6 =9D 59>5= +538C;1>DU
C38<TCC5< 8S85B ?45B D9565B 4B585> 29C 45B 5B4
G117B538D CD58D 9<4 +?3;5<C38E2<145 G9545B 59>C389525> 9<4 .6 3+9+6 +6*
95B <5B>5> +95 !8B5> >5E5> 5B4 ;5>>5>
/9B 5B;<RB5>
!8>5> 41C 5495>65<4 41C #?3865<4 E>4 495 59>J5<>5>
5495>5<5=5>D5
+95 5B81<D5> !>6?B=1D9?>5> JE=
1BB1E= E>4 JE= 0E258SB
"5 >138 5BRD5DI@ C9>4 2G5938E>75> 9> 45>
9>J5<859D5> =S7<938
:/@93?/;79S!=1643:2
!=16@A3::3<S)16/:A3?
B<9A7=<@DP6:3?
3273<A/@A3< ;7A
<G375343:2 B<2
?36DP6:3?
!=16@A3::3<S)16/:A3?
!R6:530:P@3
/19D/53<
)=193:@16B0:/23
$+67+30('6+ !).'18+6
95 +381<D5B7B9665 C9>4 9> ECU+D5<<E>7 F5BC5>;21B
0E= 9>U E>4 ECB1CD5> 4BT3;5> +95 1E6 45>
+381<D5B7B966
'7 4).,+1*
!=16@A3::3
1;
!=16@A3::3 1; =23?
?PA3?G=<3 E 1;
.D379?37@S
!=16@A3::3
B<2 1;
!=16@A3::3 1;
(3@ADP?;3S<G3753
4).78+11+3E!).'18+6
%9D 45> F95B #?38CD5<<5>U+381<D5B> CD5<<5> +95 495
59J<59CDE>7 45B 59>J5<>5> #?38CD5<<5> 59>
+$$,&
,&#+"'&
73 !=16@A3::3 7@A /B@53@16/:A3A
$B::@A3::B<5
S !=16@AB43<
!=16@AB43 <732?75@A3 "37@AB<5
!=16@AB43 6Q16@A3 "37@AB<5
.B@16/:AB<5
73 ?PA3?G=<3 GB@16/:A3<
73 5?=O3 .D379?37@S!=16@A3::3 GB@16/:A3<
.B@16/:AB<5
/5>> +95 59>5 #?38CD5<<5 59>C381<D5> <5E38D5D 495
>J5975<1=@5
+78;B62+'3=+/-+
1C #?3865<4 81D 6TB :545 #?38CD5<<5 59>5
*5CDGRB=51>J5975
+95 J597D 1> G5<385 #?38CD5<<5>
>?38 859Q C9>4
E38 G5>> 41C #?3865<4
1EC75C381<D5D 9CD <5E38D5D 495 >J5975 29C 495
#?38CD5<<5 1ECB59385>4 1275;T8<D 9CD
+95 ;S>>5> 495 *5CDGRB=5 5>5B795C@1B5>4 >EDJ5>
E>4 JE= 59C@95< 59> ;<59>5C 5B938D G1B= 81<D5>
+6 ')04,+3
5> 13;?65> CD5<<5> +95 =9D 45= E>;D9?>CGR8<5B
E>4 45= B58GR8<5B 59>
9308/437;B.1+6
%9D 45= E>;D9?>CGR8<5B CD5<<5> +95 495 59J1BD 6TB
45> 13;?65> 59>
!> 45B >J5975 5BC3859>D JE :545B
59J1BD 59> .?BC38<17CG5BD
5> E>;D9?>CGR8<5B ;S>>5> +95 >138 B538DC ?45B
<9>;C 4B585>
+$$,&
).&,&
3? /19=43< 7@A /B@53@16/:A3A
$B::@A3::B<5
%03?S
+<A3?67AG3
R? !B163< B4:PB43 B<2 ;/53?3 ?/A3<@AR193 G (7<2 =23?
-7:2 /B4 37<3? 03<3
73 7AG3 9=;;A 5:3716;PO75 C=< =03< B<2 B<A3<
-/?;6/:A3< < 3?3716 SI 9Q<<3< )73 )>37@3< 07@
;/E )AB<23< D/?;6/:A3<
S37O:B4A
R? !B163< B<2 30P19 /B4 37< 07@ 2?37 03<3<
3? ,3<A7:/A=? C3?A37:A 273 -P?;3 23@ (7<5637G9Q?>3?@ 7< 23?
(R19D/<2 5:3716;PO75 7; /??/B;
&7GG/@AB43
R? 273 @16<3::3 .B03?37AB<5 C=< *7349R6:>?=2B9A3< =6<3
,=?637G3< G &7GG/ &=;;3@ 4?7A3@ =23? )A?B23:
3? B<A3?3 37G9Q?>3? B<2 23? (7<5637G9Q?>3? 7< 23? (R19D/<2
637G3<
+<A3?67AG3
.B; 7<9=163< B<2 $/160/193< =23? S0?PB<3<
73 7AG3 9=;;A C=< B<A3<
+;:B4A5?7::3<
.B; ?/A3< C=< :37@16 34:R53: B<2 5/<G3; 7@16
3? ?7::637G9Q?>3? B<2 23? ,3<A7:/A=? @16/:A3< @716
/0D316@3:<2 37< B<2 /B@ 3? ,3<A7:/A=? D7?03:A 273 637O3 "B4A
B; 2/@ 3?716A
+$$,&
).&,&
?7:: 5?=O3 :P163
.B; ?7::3< C=< )A3/9@ -R?@A163< *=/@A B<2 7@16
73 5/<G3 :P163 B<A3? 23; ?7::637G9Q?>3? D7?2 637O
?7:: 9:37<3 :P163
#7A 23; B<9A7=<@DP6:3? ?7:: 5?=O3 :P163 37<@A3::3< 3<
?36DP63:? GB?R192?363< 07@ 2/@ )F;0=: 4R? ?7:: 9:37<3
:P163 B<2 ?7::@AB43 7< 23? <G3753 3?@1637<3< #7A 23;
?36DP6:3? 273 53DR<@16A3 )AB43 37<@A3::3<
3375<3A 4R? 9:37<3 #3<53< $B? 23? ;7AA:3?3 *37: 23@ ?7::637GS
9Q?>3?@ D7?2 637O
B4A/B3<
.B; B4A/B3< C=< :37@16 34:R53: ?=A B<2 !B163<
3? ,3<A7:/A=? D7?03:A 273 D/?;3 "B4A B; 2/@ 3?716A
)3:0@A?37<75B<5
.B? /BA=;/A7@163 (37<75B<5 23@ /??/B;@
&
&?=5?/;;3 4R? )16;=?53?716A3 @/4A753 ?/A3< B<2
7<A=>453?716A3
?/A/BA=;/A79
37G/?A ;7A 23? 273 <3?573S447G73<G9:/@@3 </16 $ 03@A7;;A DB?23
/5>> +95 59>CD5<<5> <5E38D5D 495 $1=@5 9= 1BB1E=
6+.;B.1+6
%9D 45= B58GR8<5B ;S>>5> +95 1<<5 .?BC38<17CU E>4
9>CD5<<G5BD5 F5BR>45B>
+$$,&
,+,&
S
*3;>3?/AB?03?3716
73 *3;>3?/AB? 7; /??/B; 7< I
B@</6;3<
#/E7;/:3 *3;>3?/AB? 037 S37O:B4A B<2 &7GG/@AB43 @7<2
I
B4A/B3< 037 I 07@ I
?7::@AB43<
73 ?7::@AB43< 4R? ?7:: 5?=O3 B<2 9:37<3 :P163
)AB43 @16D/16
)AB43 ;7AA3:
)AB43 @A/?9
(37<75B<5@@AB43<
73 (37<75B<5@@AB43< 4R? 273 )3:0@A?37<75B<5
)AB43 :3716A
)AB43 ;7AA3:
)AB43 7<A3<@7C
;7<S 6
/B3?
@31S 6
-3193?G37A
+$$,&
,+,&
&S&
?/A/BA=;/A79S&?=5?/;;3
&
)/00/AS&?=5?/;;
"'78+3 93* 3=+/-+
%9D 45> ,1CD5> CD5<<5> +95 F5BC389545>5
0EC1DJ6E>;D9?>5> 59>
!> 45B >J5975 ;S>>5> +95 495
59>75CD5<<D5> /5BD5 12<5C5>
*+
).&,&
*/@A3 +6?
/;7A @A3::3< )73 273 +6?G37A /19=43<S/B3? B<2
<23G37A 37<
*/@A3 )16:R@@3:
/;7A @16/:A3< )73 273 !7<23?@7163?B<5 37< B<2 /B@
*/@A3 -3193?
/;7A @A3::3< )73 23< -3193? 37<
/;7A 9Q<<3< )73 <4=?;/A7=<3< /04?/53<
*/@A3 <4=
*/@A3 /19=43<:/;>3
/;7A @16/:A3< )73 273 "/;>3 7; /19=43< 37< B<2 /B@
*/@A3 )16<3::/B4637GB<5
/;7A 637G3< )73 23< /19=43< 03@=<23?@ @16<3:: /B4
+6 '66'92
!= 1BB1E= 2569>45D C938 495 13;?65><1=@5
9> #T8<752<RC5 C38TDJD 45> 13;?65> F?B
P25B89DJE>7
')04,+31'25+
/R8B5>4 45C 5DB952C <5E38D5D 495 13;?65><1=@5 9=
1BB1E=
59 45B +5<2CDB59>97E>7 C381<D5D 495
13;?65><1=@5 1EC
D.1-+(1B7+
1C #T8<752<RC5 C381<D5D C938 259 541B6 59> E>4 1EC
95 G1B=5 $E6D 5>DG5938D T25B 45B ,TB
38DE>7 95 $T6DE>7CC38<9DJ5 >938D 12453;5>
5B
13;?65> T25B89DJD C?>CD
1=9D >138 45= 5DB952 45B 1BB1E= C38>5<<5B
12;T8<D <RE6D 41C #T8<752<RC5 59>5 25CD9==D5 059D
<1>7 >138
&9(+.C6
5B 13;G175> 9CD =9D 59>5= +?6D59>JE7 1EC75CD1DD5D
+389525> +95 45> 13;G175> <5938D 1> 5B J958D C938
C1>6D E>4 <59C5 JE
1C 0E258SB ;1>> 9> F5BC389545>5> S85> 9> 45>
13;G175> 59>758R>7D G5B45>
59Q5C 0E258SB ;1>> C938 F5B6?B=5>
&13845= 5C
1275;T8<D 9CD 758D 495 .5B6?B=E>7 JEBT3;
95
E>;D9?> G9B4 414EB38 >938D 2559>DBR38D97D
0E258SB ;S>>5> +95 259= #E>45>495>CD 9=
13881>45< ?45B 9= !>D5B>5D >138;1E65>
525> +95
29DD5 495 0U&E==5B 1>
&"-)*$(&&
4R? @/4A753 !B163< 30P19 *7349R6:53?716A3 B<2 5?=O3 ?/A3<
)73 9/<< /B16 /:@ 3AASB44/<5534PO C3?D3<23A D3?23< D3<<
)73 27?39A /B4 23; (=@A 5?7::3<
%"$6#$!
4R? !B163< B<2 &:PAG163<
'*+
4R? 3@167?? !B163<4=?;3< ?/A3< ?7::@AR193 B<2
*7349R6:53?716A3
!43*+6=9(+.C6
+?>45BJE258SB ;S>>5> +95 259= #E>45>495>CD ?45B
9= 13881>45< ;1E65>
9> E=61>7B59385C >752?D JE !8B5= 13;?65> 69>45>
+95 9> E>C5B5> (B?C@5;D5> ?45B 9= !>D5B>5D
95 .5B6T721B;59D C?G95 495 '><9>5U5CD5<<=S7<938;59D
F?> +?>45BJE258SB 9CD 9>D5B>1D9?>1< F5BC389545>
9DD5
C585> +95 9> 45> .5B;1E6CE>D5B<175> >138
;/7:S/190:316 . R? !B163< B<2 &:PAG163<
(=@A . R? 3@167?? !B163<4=?;3< ?/A3< ?7::@AR193 B<2
*7349R6:53?716A3
R? @/4A753 !B163< 30P19 *7349R6:53?716A3 B<2 5?=O3 ?/A3<
)73 9/<< /B16 /:@ 3AASB44/<5534PO C3?D3<23A D3?23< D3<<
)73 27?39A /B4 23; (=@A 5?7::3<
+<7C3?@/:>4/<<3 . ?7::0:316 . 3193: 4R? 273 &?=47>4/<<3
. &?=47>4/<<3 . .B; ?7::3< /<@A3::3 23@ (=@A3@ =23? /:@ )>?7AG@16BAG 2/;7A 23?
/19=43< <716A @= @A/?9 C3?@16;BAGA /@ ?7::0:316 <B? 7< 23?
+<7C3?@/:>4/<<3 C3?D3<23<
?7::3< /B4 23; ?7::0:316 $B? /B4 23< 7<@16B06Q63< B<2
C3?D3<23<
?7::0:316 /:@ )>?7AG@16BAG +<7C3?@/:>4/<<3 ;7A ?7::0:316 B<A3?
23; (=@A 37<@167303<
3? 3193: ;/16A 273 &?=47>4/<<3 GB; &?=470?PA3?
3@=<23?@ 53375<3A 4R? 273 .B03?37AB<5 C=< 5?=O3< #3<53<
/190:316 @37A:716 /B@G7360/?
. 4R? !B163< B<2 &:PAG163<
/193< /B4 03<3< *?P53? 7< Q63 0/193< /B4 03<3< *?P53? 7< Q63 37<6P<53<
/@ /190:316 9/<< :7<9@ B<2 ?316A@ 63?/B@53G=53< D3?23<
/@ /190:316 ;7A 23? 0@16?P5B<5 GB; /19D/53< /B4 23<
*?P53? :353<
7<:353?=@A . R? ?/A3< )A3::3< )73 23< (=@A 7;;3? 7< 273 +<7C3?@/:>4/<<3
0A?=>43<23@ 3AA B<2 :37@16@/4A D3?23< /B4534/<53<
3? /19@A37< 375<3A @716 63?C=??/53<2 GB? .B03?37AB<5 C=<
@3:0@A53;/16A3; ?=A ?QA163< B<2 &7GG/ 273 37<3<
9<B@>?753< =23< 3?6/:A3< @=::3<
3? /19@A37< ;B@@ 7;;3? /B4 273 3;>4=6:3<3 *3;>3?/AB?
C=?53637GA D3?23<
R? 03@=<23?@ 5?=O3 =23? C73:3 &=?A7=<3< 3? ?PA3? 7@A /BO3<
/B@ ?/<7A3;/7: ;7A 0/19=43<43@A3; :/@23193: 3? :/@23193:
9/<< /:@ ?/A7<4=?; C3?D3<23A D3?23<
/19@A37< . +<7C3?@/:0?PA3? . #3A/::0?PA3? . :/@0?PA3? . &7GG/0:316 . :/@>4/<<3 . 93*+3*/+378E68/0+1
3? ?PA3? 7@A /053@A7;;A /B4 273 ?PA3?G=<3 23@
:/@93?/;79S!=1643:23@ ? 7@A 4R? 273 !=16@3<@=?79 /03? /B16
4R? 273 &?=5?/;;S =23? ?/A/BA=;/A79 53375<3A
3? ?PA3? 7@A /BO3< 3;/7:73?A B<2 7<<3< /<A76/4AS03@16716A3A
3? :/@0?PA3? 7@A 53375<3A 4R? )16;=?53?716A3 B<2 B4:PB43 273
)73 7; /19=43< GB03?37A3<
3@=<23?@ 53375<3A 7@A 3? 4R? 273 &?=5?/;;S =23?
?/A/BA=;/A79
23/: 4R? &7GG/ *7349R6:>?=2B9A3 =23? 5?=O3 ?B<23 !B163< )73
9Q<<3< 2/@ &7GG/0:316 /<@A3::3 23? +<7C3?@/:>4/<<3 C3?D3<23<
)A3::3< )73 2/@ :316 /B4 23< (=@A B<2 =?73<A73?3< )73 @716 /<
23< <5/03< 7< 23< */03::3<
7< A7343@ /190:316 /B@ :/@ 75<3A @716 /B16 /:@
)3?C73?53@167?? @36? 5BA
"353< )73 273 :/@>4/<<3 /B4 23< (=@A
TB !8B5 1EC81<DC75BRD5 ;S>>5> +95 259=
#E>45>495>CD 9= 13881>45< ?45B T25B 41C !>D5B>5D
6TB 59>J5<>5 $R>45B 9= 5U+8?@ 495 @1CC5>45> (6<575U
E>4 *59>97E>7C=9DD5< ?45B C?>CD975C 0E258SB
>138;1E65>
525> +95 41JE 495 :5G59<975
BD9;5<U&E==5B 1>
&4:353AR163? 4R? 23:@A/6:=03?4:P163< ,3?;7<23?A 273 0:/53?B<5 C=< )16;BAG B?16 273
?A793:S$?
;>?P5<73?B<5 ;7A 37<3; @>3G73::3< L: D3?23< 273
%03?4:P163< C=< 23:@A/6:53?PA3< =>A7;/: 53>4:35A
/19=43<S?7::?37<753?S3:
?A793:S$?
#71?=4/@3?AB16 ;7A -/03<@A?B9AB?
?A793:S$?
*R?@7163?B<5
?A793:S$? .B? (37<75B<5 23@ /??/B;@ /@ 3: 7@A 53?B16:=@
3@=<23?@ 53375<3A 4R? 273 (37<75B<5 C=< 3;>47<2:7163<
%03?4:P163< D73 G :/@ :/@93?/;79 23:@A/6: =23?
:B;7<7B; /@ #71?=4/@3?AB16 3<A43?<A 7< 37<3; ?037A@5/<5
DP@@?753< B<2 43AA6/:A753< )16;BAG
/;7A !7<23? 273 /19=43<AR? <716A Q44<3< 9Q<<3< 3 </16
3?PA3AR? D7?2 273 )7163?B<5 C3?@167323< /<53@16?/B0A
3/16A3< )73 2/@ 37:/530:/AA 2/@ 23? *R?@7163?B<5 037:735A
$46 *+2 +678+3 +398=+3
95B 5B618B5> +95 G1C +95 DE> =TCC5> 25F?B +95 =9D
!8B5= 13;?65> JE= 5BCD5> %1< +@59C5> JE25B59D5>
$5C5> +95 F?B85B 41C #1@9D5< #.6=+/8 +/378+11+3
&138 45= >C38<ECC <5E38D5D 9> 45B >J5975 41C
+I=2?< E>4 4B59 &E<<5>
+D5<<5> +95 495 -8BJ59D 59>
,1CD5 4BT3;5>
!> 45B >J5975 5BC3859>D 495 -8BJ59D E>4 41C
+I=2?< 2<9>;D
%9D 45= B58GR8<5B 495 -8BJ59D 59>CD5<<5>
&138 G5>975> +5;E>45> G9B4 495 59>75CD5<<D5 -8BJ59D
T25B>?==5>
')04,+3 '9,.+/=+3
-= 45> &5E75BE38 JE 25C59D975> 859J5> +95 45>
<55B5> 75C38<?CC5>5> 13;?65> 1E6
!451< 416TB 9CD
59>5 +DE>45 259 U 59Q<E6D =9D L
38D5> +95 41B1E6 41CC ;59>5 .5B@13;E>7CB5CD5 9=
1BB1E= C9>4
%9D 45= E>;D9?>CGR8<5B U 59Q<E6D 59>CD5<<5>
%9D 45= B58GR8<5B L 59>CD5<<5>
&138 59>5B +DE>45 45> 13;?65> 1ECC381<D5>
1JE
45> E>;D9?>CGR8<5B 1E6 495 &E<<CD5<<E>7 4B585>
&9(+.C6 6+/3/-+3
5F?B +95 41C 0E258SB 41C 5BCD5 %1< 25>EDJ5>
B59>975> +95 5C 7BT>4<938 =9D 859Q5B +@T<<1E75 E>4
59>5= G59385> +@T<DE38
4).,+1* +/378+11+3
!> 495C5= #1@9D5< ;S>>5> +95 >138<5C5> G95 +95 495
#?38CD5<<5> 59>CD5<<5>
!> 45B ,125<<5 69>45> +95
#?38CDE65> E>4 1BJ59D5> 6TB F5BC389545>5 5B938D5
!4 78+11+3 !/+ +/3
%9D 45> #?38CD5<<5>C381<D5B> CD5<<5> +95 495
59J<59CDE>7 45B 59>J5<>5> #?38CD5<<5> 59>
+D5<<E>7 EC
+D5<<E>7 >954B97CD5 $59CDE>7
+D5<<E>7 8S38CD5 $59CDE>7
/5>> +95 59>5 #?38CD5<<5 59>C381<D5> <5E38D5D 495
>J5975<1=@5
64A+ &;+/06+/7E
4).78+11+ 93*
6B8+6=43+
&97).'18+3 *+6 -64A+3
1B).+
59 495C5> #?38CD5<<5> ;S>>5> +95 495 BSQ5
F5BR>45B>
#?38CD5<<5>C381<D5B 29C +D5<<E>7 4B585>U 4?BD
C@TB5> +95 59>5> <5938D5> /945BCD1>4 U E>4 G59D5B 29C
JE= +I=2?<
7B?Q5 0G59;B59CU#?38CD5<<5 ?45B
BRD5BJ?>5
1>> 7<5938 1E6 495 75GT>C38D5 #?38CDE65
JEBT3;4B585>
&96D)07).'18+3 '9, */+
01+/3+ 1B).+
#?38CD5<<5>C381<D5B 1E6 4B585> E>4 >5E 59>CD5<<5>
38DE>7 &95 T25B 41C +I=2?< ?45B 89>1EC 1E6
4B585>
E6 45B ;<59>5> 0G59;B59CU#?38CD5<<5 ;S>>5> +95
25C?>45BC 7ED ;<59>5 %5>75> 1E6GRB=5>
4).8'(+11+
!> 45B >1386?<75>45> ,125<<5 69>45> +95 59>975 59U
C@95<5
95 1BJ59D5> C9>4 F?> BD 5G938D E>4 )E1<9DRD 45B
+@59C5> 128R>797
5C81<2 C9>4 2G5938E>75>
=S7<938
.5BG5>45> +95 JE= >;?385> 9==5B 495
#?38CDE65
')+#'!*+,
')+#'!,)
"& "&,+&
!%$0&
)16=9=:/23 !BC3?AR?3 3:/A7<3
BAA3?
S
S
S
).3)%& ,& )%!$+&
7<A=>4 G "7<@3<37<A=>4
#7:16
S
S
S
)0"!& "%%)&
!<Q23: !:QO3
7@16
-37O3 )/B13< G 316/;3:@/B13
S #7<
S #7<
S #7<
S
S
S
S
S
S #7<
S #7<
S #7<
S #7<
S #7<
S #7<
S #7<
S
S
S
S
S #7<
S #7<
S #7<
'!& 3%(& 5&*+&
(37@ ;7A 2=>>3:A3? -/@@3?;3<53
&3::9/?A=443:<
)/:G9/?A=443:<
*375D/?3< $B23:<
7<A=>4 )B>>3<
3;R@3
3;R@3 A734539R6:A
/?3< 7; )16<3::9=16A=>4
!%')&
(=B:/23<
)16;=?0?/A3<
B:/@16
)+&
)16<7AG3: </AB? =23? >/<73?A
)16<7AG3: A734539R6:A
)A3/9 1; 2719
7@16 B<2 7@1647:3A </AB?
7@16 B<2 7@1647:3A >/<73?A
7@16 B<2 7@1647:3A >/<73?A B<2 A734539R6:A G 7@16@AP0163<
&4/<<3<53?716A3 A734539R6:A
&4/<<9B163<
')+#'!*+,
')+#'!,)
"& "&,+&
S
S
S
S
S
S
S
S
S #7<
S #7<
S #7<
S #7<
S #7<
S #7<
S #7<
4=?A:/B43<2
=?A9=163< =6<3 3193:
%6<3 3193:
')04,+3 +/378+11+3
+95 8125> F5BC389545>5 %S7<938;59D5> !8B5>
13;?65> 59>JECD5<<5>
95B 5B;<RB5> G9B !8>5> G95 +95
!8B5 75GT>C38D5 59J1BD E>4 ,5=@5B1DEB ?45B
B9<<CDE65 59>CD5<<5>
+95 ;S>>5> 6TB !8B 5B938D 495 1E5B E>4 >45J59D 1=
13;?65> 59>CD5<<5>
+/='68 93*
"+25+6'896
59C@95< 9= 9<4 '25BU->D5B89DJ5 259 L
%9D 45= E>;D9?>CGR8<5B 495 59J1BD 59>CD5<<5>
%9D 45= B58GR8<5B 495 ,5=@5B1DEB ?45B B9<<CDE65
59>CD5<<5>
5B 13;?65> 2579>>D JE 859J5>
')04,+3 '977).'18+3
E>;D9?>CGR8<5B 1E6 495 &E<<CD5<<E>7 4B585>
/378+1193-+3 B3*+63
+95 ;S>>5> 59J1BD E>4 ,5=@5B1DEB ?45B B9<<CDE65
:545BJ59D =9D 45= :5G59<975> /R8<5B R>45B>
6/11 01+/3+ 1B).+
5B =9DD<5B5 ,59< E>D5B 45= B9<<859J;SB@5B G9B4 859Q
B585> +95 45> E>;D9?>CGR8<5B 1E6 B9<< 7B?Q5
<R385 B58GR8<5B 29C B9<<CDE65 4B585> E>4 G59D5B
95
>J5975 G538C5<D 1E6 B9<< ;<59>5 <R385 E>4
B9<<CDE65 +D5<<5> +95 =9D 45= B58GR8<5B 495 75GT>C38D5 +DE65
59>
9,.+/=04386411+
95 E6859J;?>DB?<<5 J597D 45> ,5=@5B1DEB1>CD957 9=
1BB1E= 1>
/5>> 1<<5 5<45B 756T<<D C9>4 9CD 45B
?@D9=1<5 059D@E>;D JE= 9>C389525> 45C 5B938D5C
5BB5938D
59= B9<<5> 5BC3859>D 495 E6859J;?>DB?<<5 >938D
%9D 45B ,1CD5 !>6? ;S>>5> +95 495 1;DE5<<5 E6859JU
D5=@5B1DEB 126B175>
EB38 D85B=9C385 ,BR7859D 45C 13;?65>C ;1>> 59>5
,5=@5B1DEB 1>75J597D G5B45> 495 C938 F?> 45B
D1DCR38<9385> 13;?65>D5=@5B1DEB E>D5BC385945D
+6 ')04,+3 7411
'9842'8/7).
'977).'18+3
+D5<<5> +95 59> G95 9> (E>;D E>4 25C38B9525>
525> +95 :5DJD >?38 495 1E5B 1BJ59D 6TB !8B 5B938D
59>
59C@95< 9= 9<4 9>CD5<<E>7 6TB '25BU ->D5B89DJ5
L 1E5B %9>ED5>
,1CD5 -8B 4BT3;5>
1C +I=2?< 1E5B 2<9>;D
%9D 45= B58GR8<5B 495 1E5B 59>CD5<<5>
&138 59>975> +5;E>45> CD1BD5D 45B 13;?65>
1C
+I=2?< <5E38D5D 9> 45B >J5975
/+ '6=+/8 /78 '(-+1'9,+3
9> +97>1< 5BDS>D
5B 13;?65> C381<D5D 1EC
E>;D9?>CGR8<5B 1ECC381<D5>
/378+1193- B3*+63
,1CD5 -8B 4BT3;5>
%9D 45= B58GR8<5B 495 1E5B
F5BR>45B>
/378+1193- '((6+).+3
E>;D9?>CGR8<5B 1ECC381<D5>
/378+1193-+3 '(,6'-+3
>45J59D ?45B -8BJ59D 126B175> ,1CD5 -8B C?
?6D 4BT3;5> 29C 41C :5G59<975 +I=2?< 5BC3859>D
5B
12756B17D5 /5BD 5BC3859>D 6TB 59>975 +5;E>45>
+6 ')04,+3 7411
'9842'8/7). +/3E
93* '977).'18+3
5138D5> +95 29DD5 41CC <5938D F5B45B2<9385
$525>C=9DD5< >938D JE <1>75 9= 1BB1E= CD585>
4TB65>
+D5<<5> +95 59> G95 9> (E>;D 29C 25C38B9525>
59C@95< 9= 9<4 9>CD5<<E>7 6TB '25BU ->D5B89DJ5
C 9CD -8B
1C 5B938D 41E5BD %9>ED5> E>4
C?<< E= -8B 65BD97 C59>
,1CD5 -8B C? ?6D 4BT3;5> 29C 41C +I=2?<
>45 2<9>;D
!> 45B >J5975 C585> +95 G1>> 41C 5B938D 65BD97
9CD
%9D 45= B58GR8<5B 495 >45J59D 1E6 C@RD5B
F5BC389525>
&138 59>975> +5;E>45> G9B4 495 9>CD5<<E>7 T25BU
>?==5>
!> 45B >J5975 CD58D 495 >45J59D 29C 45B
13;?65> CD1BD5D
/+ '6=+/8 /78 '(-+1'9,+3
9> +97>1< 5BDS>D
5B 13;?65> C381<D5D 1EC
E>;D9?>CGR8<5B 1ECC381<D5>
/3;+/7
+?<1>75 59> +I=2?< 2<9>;D ;S>>5> +95 R>45B>
/5>>
41C +I=2?< <5E38D5D 9CD 495 9>CD5<<E>7 T25B>?==5>
95 /1BD5J59D 29C 495 9>CD5<<E>7 T25B>?==5> G9B4
;S>>5> +95 F5BR>45B>
+585> +95 41JE 9= #1@9D5<
BE>459>CD5<<E>75> >138
+78;B62+E
3=+/-+
/5>> +95 45> 13;?65> 1ECC381<D5> ;S>>5> +95 1>
45B E6859J;?>DB?<<5 495 *5CDGRB=5 9= 13;?65>
12<5C5>
/5>> 1<<5 5<45B 756T<<D C9>4 81D 45B 13;?65> 59>5
,5=@5B1DEB F?> 31
L
!CD 495 ,5=@5B1DEB 1E6 31
L 1275CE>;5> 5B<9C38D
495 E6859J;?>DB?<<5
+78;B62+ 398=+3
%9D 45B *5CDGRB=5 ;S>>5> +95 +@59C5> 9= 13;?65>
G1B=81<D5>
59 5B938D5> =9D <1>75> 1BJ59D5> ;S>>5> +95 45>
13;?65> 25B59DC U %9>ED5> 6BT85B 1ECC381<D5>
1C 5B938D G9B4 =9D 45B *5CDGRB=5 65BD97 7571BD
+95
C@1B5> >5B795
!).3+11'9,.+/=93-
%9D 45B +38>5<<1E6859JE>7 5BB5938D !8B 13;?65> 495
59>75CD5<<D5 ,5=@5B1DEB 25C?>45BC C38>5<<
.5BG5>45> +95 495 +38>5<<1E6859JE>7 259
59>75CD5<<D5> ,5=@5B1DEB5> T25B L
5597>5D
C9>4 495 59J1BD5>
'25BU->D5B89DJ5
U 59Q<E6D
(9JJ1CDE65
-=<E6D7B9<<5> 1=9D +95 59> 7<5938=RQ975C 1B5B752>9C 5B81<D5>
7525> +95 !8B 5B938D 5BCD 9> 45> 1BB1E= G5>> 495
+38>5<<1E6859JE>7 255>45D 9CD
59J1BD E>4 ,5=@5B1DEB 59>CD5<<5>
,1CD5 4BT3;5>
!> 45B >J5975 <5E38D5D 41C +I=2?<
5B 13;?65>
2579>>D JE 859J5>
95 5<45B 45B E6859J;?>DB?<<5
6T<<5> C938
!).3+11'9,.+/=93- /78
(++3*+8
9> +97>1< 5BDS>D
1C +I=2?< 9> 45B >J5975
5B<9C38D
525> +95 !8B 5B938D 9> 45> 13;?65>
!).3+11'9,.+/=93'((6+).+3
,1CD5 4BT3;5>
1C +I=2?< 9> 45B >J5975
5B<9C38D
/3;+/7
/5>> +95 495 59J1BD F5BR>45B> G9B4 495
+38>5<<1E6859JE>7 12752B?385>
95 +38>5<<1E6859JE>7 6E>;D9?>95BD >938D G5>> 495
59>75CD5<<D5 ,5=@5B1DEB E>D5B L <957D
!CD 495 ,5=@5B1DEB 9= 13;?65> >EB E>G5C5>D<938
>954B975B 1<C 495 59>75CD5<<D5 ,5=@5B1DEB 9CD 495
+38>5<<1E6859JE>7 >938D >SD97
+95 C381<D5D >938D 59>
/R8B5>4 45B +38>5<<1E6859JE>7 ;S>>5> +95 =9D 45B
,1CD5 !>6? 495 1;DE5<<5 E6859JD5=@5B1DEB 126B175>
!'(('8E!).'1893%9D 495C5B 9>CD5<<E>7 8R<D 45B 13;?65> +DE>45>
<1>7 259 '25BU->D5B89DJ5 59>5 ,5=@5B1DEB
F?> L
/R8B5>4 495C5B 059D 2<5925> +@59C5> 9= 1BB1E=
G1B= ?8>5 41CC +95 59>U ?45B 1ECC381<D5> =TCC5>
E>;D9?>CGR8<5B 1E6 ( CD5<<5>
!> 45B >J5975 2<9>;D (
%9D 45= B58GR8<5B 41C (B?7B1== (
59>CD5<<5>
/5>> ( <5E38D5D 9CD 495 9>CD5<<E>7 T25B>?==5>
!>
45B >J5975 <RE6D 495 1E5B C938D21B 12
5B 13;?65>
C381<D5D C938 >138 +DE>45> 1ED?=1D9C38 1EC
/+ '9+6 /78 '(-+1'9,+3
9> +97>1< 5BDS>D
+I=2?< 1E5B 2<9>;D
1=9D 495
-8BJ59D G9545B 5BC3859>D C381<D5> +95 45>
E>;D9?>CGR8<5B 1EC
64-6'22 1C7).+3
E>;D9?>CGR8<5B 1ECC381<D5>
/3;+/7
&138 45= +D1BD C9>4 495 ,1CD5> 75C@5BBD
26B175>
E>4 N>45BE>75> C9>4 >938D =S7<938
95 13;?65><1=@5 <5E38D5D GR8B5>4 45B 75C1=D5>
1E5B
#.6=+/8
&138 45= 5BCD5> >C38<ECC ?45B >138 59>5= +DB?=U
1EC61<< 2<9>;5> 9> 45B >J5975 41C +I=2?< E>4 4B59
&E<<5>
+D5<<5> +95 495 -8BJ59D 59>
5B E>;D9?>CGR8<5B =ECC 1EC75C381<D5D C59>
!4 78+11+3 !/+ +/3
,1CD5 4BT3;5>
!> 45B >J5975 5BC3859>D -8B E>4 41C
+I=2?< 2<9>;D
%9D 45= B58GR8<5B JEB -8BJ59D 59>CD5<<5>
&138 59>975> +5;E>45> G9B4 495 -8BJ59D T25BU
>?==5>
1C +I=2?< 5B<9C38D
>3*+63 = :43 !422+6E
'9, %/38+6=+/8
,1CD5 -8B 4BT3;5> E>4 =9D 45= B58GR8<5B 495
-8BJ59D R>45B>
#.6=+/8 '97(1+3*+3
+95 ;S>>5> 495 -8BJ59D 1EC2<5>45>
1JE =TCC5> +95
495 BE>459>CD5<<E>7 R>45B>
+585> +95 9= #1@9D5<
BE>459>CD5<<E>75> >138
%+)0+6
5> /53;5B ;S>>5> +95 G95 59>5> #T385>G53;5B
25>EDJ5>
B <RE6D E>128R>797 F?= 13;?65>
5B /53;5B 81D 59> 25C?>45B5C +97>1<
+? 8SB5> +95
?2 45B /53;5B ?45B 59>5 13;?65>U1E5B 1275<1E65>
9CD
5> /53;5B ;S>>5> +95 1E38 59>CD5<<5> G5>> 495
#9>45BC9385BE>7 1;D9F 9CD
!4 78+11+3 !/+ +/3
,1CD5 /53;5B 4BT3;5>
1C +I=2?< 2<9>;D
%9D 45= B58GR8<5B 495 /53;5BJ59D 59>CD5<<5>
&138 59>975> +5;E>45> CD1BD5D 45B /53;5B
1C
+I=2?< <5E38D5D 9> 45B >J5975
95 059D <RE6D
C938D21B 12
'). (1'9, *+6 &+/8
9> +97>1< 5BDS>D
,1CD5 /53;5B 4BT3;5>
95 /53;5BU>J5975
5B<9C38D
%+)0+6=+/8 B3*+63
,1CD5 /53;5B 4BT3;5>
%9D 45= B58GR8<5B 495
059D F5BR>45B>
/378+1193- 1C7).+3
,1CD5 /53;5B 4B59=1< 4BT3;5>
%+)0+6 93* '9+6 1'9,+3
-1+/).=+/8/- '(
95 +I=2?<5 <5E38D5>
95 /53;5BJ59D <RE6D 9> 45B
>J5975 C938D21B 12
*5CD<9385 1E5B >45J59D ?45B -8BJ59D 126B175> ,1CD5 -8B C? ?6D 4BT3;5> 29C 41C
:5G59<975 +I=2?< 5BC3859>D
5B 12756B17D5 /5BD 5BC3859>D 6TB 59>975 +5;E>45> 9>
45B >J5975
/3*+67/).+693')04,+3
/3*+67/).+693- +/3E 93*
'977).'18+3
1=9D #9>45B 45> 13;?65> >938D F5BC585>D<938
59>C381<D5> 81D 5B 59>5 #9>45BC9385BE>7
5B E>;D9?>CGR8<5B =ECC 1EC75C381<D5D C59>
9>C381<D5> ,1CD5 +38<TCC5< 4BT3;5> 29C 9> 45B
>J5975 41C +I=2?< 5BC3859>D
1C 41E5BD
31
+5;E>45>
ECC381<D5> ,1CD5 +38<TCC5< 4BT3;5> 29C 41C
+I=2?< 5B<9C38D
/3;+/7+
/53;5B E>4 -8BJ59D ;S>>5> +95 :545BJ59D 59>CD5<<5>
&138 59>5= +DB?=1EC61<< 9CD 495 59>75CD5<<D5
#9>45BC9385BE>7 75<SC38D
9842'8/7).+ (7).'1893')04,+3
/5>> +95 59>=1< F5B75CC5> 8125> 45> 13;?65>
1ECJEC381<D5> G9B4 495 ED?=1D9C385 2C381<DE>7
1;D9F
5B 13;?65>25DB952 G9B4 E>D5B2B?385>
/1>>
495C 75C38958D B938D5D C938 >138 45B 59>75CD5<<D5>
,5=@5B1DEB ?45B B9<<CDE65
/5>> 45B 13;?65> >938D =58B 859JD 5BC3859>D 9> 45B
-8BU>J5975 59> 95 59JE>7 9CD E>D5B2B?385> 29C +95 45> E>;D9?>CU
GR8<5B 1ECC381<D5>
1C 5B<9C38D
"5DJD ;S>>5> +95 45> 13;?65> G9545B >5E 59>CD5<<5>
9842'8/7).+ (7).'1893'9,.+(+3
525> +95 59>5 1E5B 59> 41>> C381<D5D 45B 13;U
?65> JEB 75GT>C38D5> 059D 1EC
95 ED?=1D9C385 2C381<DE>7 9CD 1E6758?25>
693*+/378+1193-+3
5B 13;?65> F5B6T7D T25B F5BC389545>5
BE>459>CD5<<E>75>
9>975 495C5B 9>CD5<<E>75>
;S>>5> +95 F5BR>45B>
,&#+"'&
4 $"!#"+
&0" ) !)0"+ +6?G37A /B@530:3<23A B@</6;3 73 +6?G37A 3?@1637<A
@=:/<53 273 (3@ADP?;3 7; /19=43< /<53G375A D7?2
+6?G37A 7; ,=?23?5?B<2
" &$,) )75</: </16 0:/B4 37<3? /B3?
=23? -3193?G37A
1/ #7<BA3<
1/ #7<BA3
1/ #7<BA3<
1)&!%0"+ -/?A3G37A GD7@163< 23<
7<@A3::@16?7AA3< 07@ 273
7<@A3::B<5 R03?<=;;3< D7?2
9B?G
;7AA3:
:/<5
?B<237<@A3::B<5
693*+/378+1193-+3 B3*+63
C 41B6 ;59> 5DB952 59>75CD5<<D C59>
,1CD5 -8B E>4 ,1CD5 7<5938J59D97 4BT3;5>
29C 9> 45B >J5975 59>5 5BC3859>D
1C 9CD 495 BE>459>CD5<<E>7 6TB 495 >J5975 45B
-8BJ59D
%9D 45= B58GR8<5B 495 BE>459>CD5<<E>7
F5BR>45B>
%9D ,1CD5 -8B 25CDRD975>
"5DJD 5BC3859>D 9> 45B >J5975 59>5 6TB 495 BE>459>U
CD5<<E>7 45B +97>1<41E5B
N>45B> +95 495 BE>459>CD5<<E>7 G95 9> (E>;D 25C38B9525> E>4 25CDRD975> +95 =9D 45B ,1CD5 -8B "5DJD ;S>>5> +95 >?38 495 P25B>18=5J59D R>45B>
BT3;5> +95 JE= +38<ECC 495 ,1CD5 -8B !/+ 2C).8+3 3/).8 '11+
693*+/378+1193-+3 B3*+63
/5>> +95 59>5 BE>459>CD5<<E>7 >938D R>45B>
=S38D5> 4BT3;5> +95 495 ,1CD5 -8B 95 >R38CD5
BE>459>CD5<<E>7 5BC3859>D
466+0896
+95 ;S>>5> !8B5 9>CD5<<E>75> :545BJ59D G9545B R>45B>
!+1(786+/3/-9359 45B +5<2CDB59>97E>7 859JD 45B 13;?65> 29C
31
L 1E6
+? F5B2B5>>5> *T3;CDR>45 F?=
B1D5> B9<<5> ?45B 13;5> E>4 +95 =TCC5> >EB >?38
495 C385 1EC 45= 1BB1E= G9C385>
+95 ;S>>5> E>D5B 4B59 *59>97E>7CCDE65> 1ECGR8<5>
+/3/-93-7789,+3
+,
"&" ,& * )
,)
:3716A
1/ )AB<23 #7<BA3<
;7AA3:
1/ )AB<23 #7<BA3<
7<A3<@7C
1/ )AB<23<
"5 CDRB;5B E>4 R<D5B 495 .5BC38=EDJE>75> C9>4 45CD?
8S85B C?<<D5 495 *59>97E>7CCDE65 C59>
C 75>T7D
G5>> +95 45> 1BB1E= 1<<5 JG59 29C 4B59 %?>1D5
B59>975>
9>5 *59>97E>7 25>SD97D >EB 31
U #9<?G1DDCDE>45>
%/).8/-+ /3;+/7+
0E !8B5B +9385B859D F5BB9575<D 1ED?=1D9C38 495
13;?65>DTB
+95 ;S>>5> 495 13;?65>DTB 5BCD G9545B
S66>5> G5>> 45B 1BB1E= 5DG1C 1275;T8<D 9CD E>4
41C +38<?CCU+I=2?< 6TB 495 .5BB9575<E>7 5B<9C38D
.5BCE385> +95 >938D 45> 1;5> =9D 45B 1>4 JE
F5BC389525>
B1>475618B
5B 13;?65> G9B4 1EQ5> C58B 859Q
38D5> +95
41B1E6 41CC 495 .?B45BC59D5 45C 13;?65>C 6B59 2<592D
&95 2B5>>21B5 575>CDR>45 J
5C389BBDT385B 1>
45> ,TB7B966 8R>75>
1<D5> +95 #9>45B 65B>
.5BCE385> +95 >938D 495 13;?65>DTB JE S66>5>
C?<1>75 495 +5<2CDB59>97E>7 <RE6D
95 *59>97E>7
;S>>D5 12752B?385> G5B45>
95 13;?65><1=@5 9= 1BB1E= <5E38D5D GR8B5>4 45B
+5<2CDB59>97E>7 >938D
$46 *+6
!+1(786+/3/-93-
&58=5> +95 5C389BB E>4 E>75597>5D5C 0E258SB 1EC
45= 1BB1E=
B1>475618B
$?C5 +@59C5B5CD5 5DD E>4 B1D5>C16D ;S>>5> C938
5>DJT>45>
/9C385> +95 45> 1BB1E= E>4 41C
0E258SB 41C +95 =9DB59>975> =9D 59>5= 65E38D5>
,E38 1EC
*59>975> +95 495 13;?65>DTB E>4 495 *1>46<R385>
45C 1BB1E=C 9= 5B5938 45B 938DE>7
95 938DE>7
>938D C385E5B>
&9(+.C6 2/86+/3/-+3
+95 ;S>>5> 495 ->9F5BC1<@61>>5 ?45B 41C 13;2<538
9> S85 =9DB59>975>
5B *?CD 9CD 6TB 495 +5<2CDB59>97E>7 E>75597>5D
+/3/-93-7789,+
+/378+11+3
5618B C38G5B5B 5CE>4859DCC38R45>
&95 1>D9816D25C38938D5D5 <5385 E>4 ?B=5>
=9DB59>975>
EB38 495 7B?Q5 9DJ5 G9B4 495
>D9816D25C38938DE>7 J5BCDSBD E>4 5C 5>DCD585> 796D975
1C5
E>;D9?>CGR8<5B 1E6 CD5<<5>
9>5 &E<< 5BC3859>D
%9D 45= B58GR8<5B 495 75GT>C38D5
*59>97E>7CCDE65 59>CD5<<5>
&138 59>975> +5;E>45> CD1BD5D 495 *59>97E>7
'). (1'9, *+6
+/3/-93-
'7 !<2(41 1+9).8+8
9> +97>1< 5BDS>D
1C +I=2?< 2<9>;D
5B 13;?65> 9CD C58B 859Q E>4 JE !8B5B +9385B859D
F5BB9575<D
BCD G5>> 41C +I=2?< 5B<9C38D <RCCD C938
495 13;?65>DTB S66>5>
+381<D5> +95 5BCD 41>> 45>
E>;D9?>CGR8<5B 1EC
'9+6 93* 3*+ '(,6'-+3
*5CD<9385 1E5B ?45B >45J59D 126B175>
,1CD5 -8B C? ?6D 4BT3;5> 29C 41C :5G59<975 +I=2?<
5BC3859>D
+/3/-93- '((6+).+3
E>;D9?>CGR8<5B 1ECC381<D5>
+/3/-93-7789,+ 0466/-/+6+3
&138 45= +D1BD ;1>> 495 *59>97E>7CCDE65 >938D =58B
F5BR>45BD G5B45>
/+ +/3/-93- 7411 3').87
'(1'9,+3
1=9D +95 45> 13;?65> D17CT25B >EDJ5> ;S>>5>
F5BC389525> +95 41C >45 45B *59>97E>7 1E6 >138DC
+D5<<5> +95 59> G95 9> (E>;D E>4 25C38B9525>
,1CD5 -8B C? ?6D 4BT3;5> 29C 41C +I=2?<
>452<9>;D
!> 45B >J5975 C585> +95 G1>> 495 +5<2CDB59>97E>7
65BD97 9CD
%9D 45= B58GR8<5B 495 >45J59D 1E6 C@RD5B
F5BC389525>
95 +5<2CDB59>97E>7 C381<D5D JE= B938D975> 059D@E>;D
59> E>4 1EC
&138 45= +D1BD 5BC3859>D G9545B 495
-8BJ59D
/3;+/7
'). *+6
!+1(786+/3/-93-
&13845= 495 *59>97E>7 75CD1BD5D 9CD ;1>> 495
*59>97E>7CCDE65 >938D =58B F5BR>45BD G5B45>
/5>> 45B 1BB1E= 1275;T8<D 9CD G9C385> +95 495
JEBT3;752<9525>5 C385 =9D 59>5= 65E38D5> ,E38
1EC 45= 1BB1E=
,1+-+ 93* +/3/-9359 C?B76R<D975B (6<575 E>4 *59>97E>7 2<5925> !8B
#?3865<4 E>4 !8B 13;?65> <1>75 C38S> E>4
6E>;D9?>C6R897
/95 +95 25945C B938D97 @6<575> E>4
B59>975> 5B;<RB5> G9B !8>5> 895B
/3;+/7+
#<59>5 1B2E>D5BC389545 1> 45B 13;?65>6B?>D
5B7525> C938 4EB38 F5BC389545>5 %1D5B91<95> G95
<1C #E>CDCD?66 ?45B %5D1<<
+381DD5> 1> 45B ,TBC385925 495 G95 +38<95B5> G9B;5>
C9>4 $938DB56<5H5 45B 13;?65><1=@5
=19< G9B4 259 C58B 8?85> ,5=@5B1DEB5> 59>752B1>>D
14EB38 ;S>>5> 75B9>75 1B2E>D5BC389545
5>DCD585>
1C 9CD >?B=1< E>4 81D ;59>5> 9>6<ECC 1E6
495 E>;D9?>
#1>D5> 4T>>5B <5385 <1CC5> C938 >938D F?<<
5=19<<95B5>
+95 ;S>>5> 45C81<2 B1E C59>
5B
#?BB?C9?>CC38EDJ G9B4 414EB38 >938D 2559>DBR38D97D
+/3/-93-72/88+1
,D6 *'7 4).,+1*
1=9D 495 E>D5BC38954<9385> '25B6<R385> >938D 4EB38
61<C385 *59>97E>7C=9DD5< 25C38R497D G5B45>
25138D5> +95 495 6?<75>45> >7125>
.5BG5>45> +95
;59>5 E>F5B4T>>D5> 1>475C389BBC@T<=9DD5< ?45B
*59>975B 6TB 495 5C389BBC@T<=1C389>5
;59>5 +385E5B=9DD5< ;59>5 ;B1DJ5>45> +38GR==5
;59>5 177B5CC9F5> *59>975B G95 13;?65>C@B1I
?45B <53;5>5>D65B>5B
;59>5
?384BE3;B59>975B ?45B 1=@6CDB18<5B
.5BG5>45> +95
,D6 *+3 ')04,+3
;59>5 C381B65> ?45B C385E5B>45> *59>97E>7C=9DD5<
;59>5 CD1B; 1<;?8?<81<D975> *59>97E>7C=9DD5<
;59>5 81BD5> +385E5B;9CC5> ?45B (EDJC38GR==5
;59>5
?384BE3;B59>975B ?45B 1=@6B59>975B
/1C385> +95 >5E5 +38G1==DT385B F?B 52B1E38
7BT>4<938 1EC
)"!
"&" ,& *%"++$
3?PA /BO3<
37O3 )>R::/B53
#7A 37<3; )>R:AB16 ?37<753< B<2 37<3; D37163< *B16
</16A?=19<3<
!37<3< :/@?37<753? =23? :/@@16/03? C3?D3<23<
23:@A/6:
37O3 )>R::/B53
#7A 37<3; )>R:AB16 ?37<753< B<2 37<3; D37163< *B16
</16A?=19<3< !/:9S 3AAS )AP?93S B<2 7D37O4:3193< @=4=?A
3<A43?<3< +<A3? @=:163< :3193< 9/<< @716 !=??=@7=< 07:23<
37; !B<23<273<@A =23? 7; /166/<23: @7<2 @>3G73::3
23:@A/6:S&4:353;7AA3: 3?6P:A:716 273 @716 4R? D/?;3
%03?4:P163< 375<3< /@ &4:353;7AA3: ;7A 37<3; D37163< *B16
6/B162R<< /B4A?/53<
!=1643:2
&4:353 )16BAGS B<2 &4:353;7AA3: 4R? 273 :/@93?/;79
(37<75B<5 (37<75B<5@;7AA3: 273 4R? :/@93?/;79 53375<3A @7<2
(37<75B<5@67<D37@3 /B4 23? ,3?>/19B<5 03/16A3<
!=1643:2?/6;3<
:/@@16/03? 4R? @A/?93< )16;BAG
<A@7163?< B<2 <B? ;7A 23? !:7<53 ?37<753<
16AB<5 273 !:7<53 7@A @36? @16/?4 ,3?:3AGB<5@534/6?
$/16 23; (37<753< D7323? @7163?< 3@16P275A3 !:7<53< @=4=?A
3?@3AG3<
-/?;3 )>R::/B53
$73 ;7A :/@@16/03? .7A?=<3 =23? @@75 ?37<753<
*R?@163703<
:/@?37<753?
#7A 37<3; D37163< *B16 ?37<753<
!37<3< :/@@16/03? C3?D3<23<
*R?/02319B<5
23:@A/6:S(37<753? 037; !B<23<273<@A =23? 7; /166/<23:
3?6P:A:716
7<D37@3 23@ 3?@A3::3?@ 03/16A3<
)"!
"&" ,& *%"++$
/??/B;
37O3 )>R::/B53 =23? @@75D/@@3?
#7A 37<3; )>R:AB16 ?37<753<
37 @A/?93? ,3?@16;BAGB<5 )163B3?@>7?/:3 /B@ 23:@A/6: =23?
/19=43<?37<753? 03<BAG3< $B? 7; 9/:A3< /??/B; /<D3<23<
; 03@A3< 273 )3:0@A?37<75B<5 C3?D3<23<
/GB 2/@ !/>7A3: 03/16A3<
/19D/53<0=23<
37O3 )>R::/B53 =23? @@75D/@@3?
#7A 37<3; )>R:AB16 ?37<753<
716AB<5
$716A /0<36;3<
37O3 )>R::/B53
#7A 37<3; )>R:AB16 ?37<753< $716A @163B3?<
:/@/02319B<5 23? /19=43<:/;>3
37O3 )>R::/B53
#7A 37<3; )>R:AB16 ?37<753<
.B036Q?
37O3 )>R::/B53
7<D37163< B<2 ;7A 37<3; )>R:AB16 =23? 37<3? R?@A3 ?37<753<
)=193:@16B0:/23
37O3 )>R::/B53
#7A 37<3; )>R:AB16 ?37<753<
')0;'-+3
.+6'973+.2+3
0EB <5938D5B5> *59>97E>7 45C 1BB1E=C ;S>>5> +95
45> 13;G175> 1EC8R>75>
13;G175> 29C
>C38<17 85B1ECJ9585>
$9>;C E>4 B538DC 1>61CC5>
<5938D 1>8525> E>4 85B1EC>58=5>
.?BC938D97 1E6
59>5B 75B145> <R385 12CD5<<5>
"D6'(*+)093'(3+.2+3
95 2453;E>7 1E6 45= 13;G175> ;1>> C938
F5B6RB25>
0EB 7BT>4<9385> *59>97E>7 ;S>>5> +95 495
2453;E>7 5>D65B>5>
13;G175> S66>5>
2453;E>7 1E6 45= 13;G175> 12C38B1E25>
1JE 495 +38B1E25> <9>;C E>4 B538DC 1E64B585>
9<4 EQ5>C385925 =9D 59>5B 1>4 65CD81<D5>
+385925 ;9@@D <5938D >138 F?B>5
2453;E>7 12>58=5> 9<4 38D5> +95 29DD5 41B1E6 41CC 45B 13;G175> >938D
75C38<?CC5> G9B4 C?<1>75 495 2453;E>7
1275>?==5> 9CD
95 EQ5>C385925 ;1>> 25C38R497D
G5B45>
2453;E>7 =9D 59>5= 45<CD18<B59>975B B59>975>
2453;E>7 G9545B 1E6C5DJ5> E>4 2565CD975>
13;G175> C38<95Q5>
"D67).+/(+3 '97E
93* +/3('9+3
0EB 25CC5B5> *59>97E>7 ;S>>5> +95 495 <1CC385925>
1= 13;G175> 1EC21E5>
38D5> +95 259= EC21E5> 45B !>>5>C385925> 41B1E6
9> G5<385B *5985>6?<75 +95 495 +385925>
85B1EC>58=5>
-= 495 +385925> G9545B 9> 45B
B938D975> *5985>6?<75 59>JE21E5> ?B95>D95B5> +95 C938
1> 45B :5G59<975> &E==5B 495 1E6 45B +385925 CD58D
97('9+3
13;G175> 85B1ECJ9585>
2453;E>7 ?25> 1= 13;G175> 12C38B1E25>
1JE 495 +38B1E25> <9>;C E>4 B538DC 1E64B585>
9<4 +385925> <9>;C E>4 B538DC 81<D5> 5DG1C >138
F?B>5 ;9@@5> E>4 >138 ?25> 85B1ECJ9585>
9<4 %9D 45= B966 >138 E>D5> 1E6 59>5= ,E38 12<575>
95 9>>5B5 +385925 =9D 45> 9>8R>7581;5> 2<592D
1= 13;G175>
1<D56545B> B538DC E>4 <9>;C 1E6C38B1E25> 9<4 '25B5 +385925 85B1EC>58=5> E>4 JE= *59>975>
495 #<1==5B> 5>D65B>5>
->D5B5 +385925 85B1EC>58=5>
*59>975> +95 495 +385925> =9D <1CB59>975B E>4 59>5=
G59385> ,E38
5>EDJ5> +95 ;59>5 C381B65> ?45B C385E5B>45> %9DD5<
E>4 ;59>5> <1CC38125B
1C <1C ;1>> 25C38R497D
G5B45>
/3('9+3
38D5> +95 259= 9>21E5> 41B1E6 41CC 1E6 25945>
+385925> <9>;C E>D5> 45B +38B96DJE7 K*978D 12?F5 1E6
45= #?@6 CD58D
->D5B5 +385925 C38BR7 >138 89>D5> 59>C389525>
9<4 '25B5 +385925 59>C389525> 9<4 1<D56545B> B538DC E>4 <9>;C 1E6 45B ?25B5>
+385925 C? 1>2B9>75> 41CC 495 545B> T25B 45=
+38B1E2<?38 C9>4
5945 545B> G9545B
65CDC38B1E25> 9<4 +385925> 9> 495 1<D5BE>7 1= 13;G175>
59>6T8B5>
2453;E>7 1E6C5DJ5> E>4 1>C38B1E25>
$RCCD
C938 495 2453;E>7 >938D 1>C38B1E25> @BT65> ?2
495 +385925> B938D97 9> 45B 1<D5BE>7 C9DJ5>
13;G175> C38<95Q5>
+398=+3 !/+ *+3 ')04,+3 +678 ;/+*+6 ;+33 */+
!).+/(+3 46*393-7-+2BA +/3-+('98 7/3*
/3+ !8C693- ;'7 893
,B9DD 59>5 +DSBE>7 1E6 C? <957D 5C ?6D >EB 1> 59>5B #<59U
>97;59D
5F?B +95 45> #E>45>495>CD BE65> C585> +95
9> 45B ,125<<5 >138
.95<<5938D ;S>>5> +95 495 +DSBE>7
C5<2CD 258525>
/5>> 59>=1< 59> 5B938D >938D ?@D9=1< 75<9>7D C585>
+95 9= #1@9D5< >138
?BD 69>45> +95 F95<5 ,9@@C E>4 9>G59C5 JE=
#?385>
+4),&
4 $"! )*!
"&."*!"$
/@ 3?PA 4B<9A7=<73?A <716A
)7163?B<5 23439A
)363< )73 7; )7163?B<5@9/@A3<
</16 =0 273 )7163?B<5 7< %?2<B<5
7@A
73 +6?/<G3753 0:7<9A
)A?=;B<A3?0?316B<5
)A3::3< )73 273 +6?G37A <3B 37<
73 /19=43<AR? :P@@A @716 <716A
Q44<3< < 23? <G3753 0:7<93< 2?37
$B::3<
)A?=;B<A3?0?316B<5
DP6?3<2 23?
)3:0@A?37<75B<5
)16/:A3< )73 23< B<9A7=<@DP6:3?
/B@ )A3::3< )73 273 +6?G37A <3B 37<
-/?A3< )73 07@ 2/@ )F;0=: 3?:7@16A )73 9Q<<3< 273 /19=43<AR?
Q44<3<
3? /19=43< 637GA <716A =23? 273
53DP6:A3 37G/?A :P@@A @716 <716A
37<@A3::3<
37G/?A <716A 3?9/<<A
)A3::3< )73 <=16 37<;/: 37<
3? /19=43< 637GA <716A < 23?
*3;>3?/AB?/<G3753 :3B16A3A 37<
9:37<3@ 'B/2?/A
3? /19=43<
0347<23A @716 7;
3;=;=2B@
)16/:A3< )73 273 )7163?B<5 7;
)7163?B<5@9/@A3< /B@ B<2 </16
;7<2 )39B<23< D7323? 37< <
23< <P16@A3< #7<BA3< 273 */@A3
)16<3::/B4637GB<5 )39B<23< :/<5
532?R19A 6/:A3< 07@ 2/@ 'B/2?/A 7<
23? <G3753 3?:7@16A
< 23? +6?/<G3753 3?@1637<A 37< 73 BA=;/A7@163
0@16/:AB<5 DB?23
/9A7C 3? /19=43<
637GA <716A ;36?
?R193< )73 37<3 03:730753 */@A3
+.1+62+1*93-+3 2/8 58<5B=5<4E>75> 5BC3859>5> 9> 45B -8B1>J5975
!$)%$,&
4 $"! )*!
"&."*!"$
=23? 3?
*3;>3?/AB?4R6:3? 7@A
/B@534/::3<
(B43< )73 23< !B<23<273<@A
/:@163?
$3AG/<@16:B@@
)7163?B<5 7; )7163?B<5@9/@A3<
/B@@16/:A3< B<2 2/@ 3?PA ?716A75
/<@16:73O3< :/@@3<
73 )3:0@A?37<75B<5
7@A 37<53@A3::A B<2 273
,3??7353:B<5 23?
/19=43<AR? 23439A
B<9A7=<@DP6:3? /B@@16/:A3< B<2
!B<23<273<@A ?B43< ::3 /<23?3<
/19=43<4B<9A7=<3< 9Q<<3< )73
03<BAG3<
73 /19=43<AR? :P@@A
@716 <716A Q44<3< 73
<A?7353:B<5 7@A
23439A
(B43< )73 23< !B<23<273<@A
7<3 */@A3 6/A @716
C3?9:3;;A =23?
DB?23 GB:/<53
532?R19A
?R193< )73 /::3 */@A3< 37<G3:<
-3<< 273 36:3?;3:2B<5 0:370A
?B43< )73 23< !B<23<273<@A
+DB?=C38<1775618B
->C13875=RQ5 *5@1B1DEB5> C9>4 756R8B<938
&EB 59>
F?> E>C 75C38E<D5B #E>45>495>CDU,538>9;5B 41B6
*5@1B1DEB5> 4EB386T8B5>
')04,+31'25+ '3
*+6 +)0+ '97E
;+).7+13
/5>> 495 13;?65><1=@5 1EC7561<<5> 9CD =ECC C95
1EC75G538C5<D G5B45>
,5=@5B1DEB25CDR>4975
BC1DJ<1=@5> /1DD 5B81<D5> +95 259=
#E>45>495>CD ?45B 9= 13881>45<
.5BG5>45> +95 >EB 495C5 $1=@5>
+DB?=C38<1775618B
+9385BE>7 9= +9385BE>7C;1CD5> 1ECC381<D5>
5C389BBDE38 9> 45> ;1<D5> 13;?65> <575> E=
+38R45> JE F5B=5945>
<1C12453;E>7 12>58=5>
1JE =9D 45=
1E=5> 495 $1C385> 1EC %5D1<< >138 89>D5>
4BT3;5>
9<4 $1=@5 85B1EC4B585> E>4 4EB38 45> 7<59385>
$1=@5>DI@ 5BC5DJ5>
9<4 <1C12453;E>7 G9545B 1E6C5DJ5>
1259 1E6 59>5B
+59D5 59>C5DJ5> E>4 1> 45B 1>45B5> +59D5 65CD
1>4BT3;5>
1C <1C B1CD5D 59>
5C389BBDE38 85B1EC>58=5> E>4 +9385BE>7
59>C381<D5>
1'7'(*+)093-
9>5 25C38R497D5 <1C12453;E>7 =ECC
1EC75G538C5<D G5B45>
(1CC5>45 <1C12453;E>75> 5B81<D5> +95 259=
#E>45>495>CD
525> +95 495 U&E==5B E>4 495
U&E==5B !8B5C 5BRD5C 1>
93*+3*/+378
/5>> !8B 5BRD B5@1B95BD G5B45> =ECC 9CD E>C5B
#E>45>495>CD 6TB +95 41
,5<56?>>E==5B E>4
>C38B96D 45B >R38CD75<575>5> #E>45>495>CDCD5<<5
69>45> +95 9= ,5<56?>2E38
E38 495 1>757525>5>
#E>45>495>CDJ5>DB5> >5>>5> !8>5> 75B> 59>5
#E>45>495>CDCD5<<5 9> !8B5B &R85
E922+6 93*
E922+6
/5>> +95 E>C5B5> #E>45>495>CD 1>6?B45B> 7525>
+95 29DD5 495 U&E==5B E>4 U&E==5B !8B5C
5BRD5C 1>
1C ,I@5>C389<4 =9D 45> &E==5B> 69>45> +95 B538DC
C59D<938 1= 13;G175>
1=9D +95 259 541B6 >938D <1>75 CE385> =TCC5>
;S>>5> +95 895B 495 1D5> !8B5C 5BRD5C E>4 495
,5<56?>>E==5B 45C #E>45>495>CD5C 59>DB175>
5138D5> +95 41CC 45B 5CE38 45C
#E>45>495>CDD538>9;5BC 9= 1<<5 59>5B 58<25495>E>7
1E38 GR8B5>4 45B 1B1>D95J59D >938D ;?CD5><?C 9CD
S$?
S$?
!B<23<273<@A 6'8'9842'8/0
%9D 45B B1D1ED?=1D9; 75<9>75> !8>5> 71>J <5938D
B1669>95BD5 +38=?B75B938D5 C16D975 B1D5> E>4 <53;5B5
9>D?@675B938D5
+95 C@1B5> C938 41C /5>45> E>4
5795Q5> E>4 45B 1BB1E= 2<592D C1E25B
1C 1B5B752>9C 9CD 128R>797 F?> 45B )E1<9DRD 45C
<59C385C E>4 45B BSQ5 E>4 BD 45C 5C389BBC
/5>> +95 41C 65BD975 5B938D 1EC 45= 1BB1E=
>58=5> F5BG5>45> +95 ,?@6<1@@5>
1C 5C389BB 9CD
C58B 859Q
.?BC938D 259= O66>5> 45C 5C389BBC 5C
5>DG5938D 859Q5B 1=@6
+7)./66
95 B1D1ED?=1D9; 9CD >EB 6TB 41C B1D5> 9=
75C38<?CC5>5> 5C389BB 75597>5D
.5BG5>45> +95 >EB
5C389BB =9D 7ED C38<95Q5>45= 53;5<
5138D5> +95
1E38 495 9>G59C5 45B 5C389BB85BCD5<<5B
++/-3+8+7 +7)./66
/9B 5=@658<5> 89DJ525CDR>4975C 5C389BB 29C L
1EC <1CU ?45B <1C;5B1=9;
BRD5B 1EC 45<CD18< C9>4 >EB 2549>7D 75597>5D
95
7<R>J5>45 '25B6<R385 B56<5;D95BD 495 /RB=5CDB18<E>7
C58B CD1B;
1C 5B938D G9B4 G5>975B 2B1E> E>4 41C
<59C38 G5>975B 71B
/5>> +95 59>5> 45<CD18<2BRD5B
F5BG5>45> >58=5> +95 >138 (B?7B1==5>45 45>
53;5< 12
1C <59C38 =9D B9<<CDE65 >?38 29C
%9>ED5> T25B7B9<<5>
/5>> +95 BRD5B 1EC 5=19<<95BD5= +D18< ECC59C5>
?45B <E4BE3;7ECC F5BG5>45> 2BRE>D 41C 5B938D
CDRB;5B
525> +95 5DG1C =58B <TCC97;59D JE
#3-++/-3+8+7 +7)./66
5C389BB 1EC 85<<5= 7<R>J5>45= <E=9>9E=
E>7<1C95BD5= ,?> E>4 5C389BB =9D #E>CDCD?667B9665>
9CD E>75597>5D
6CA+ *+7 +7)./667
1C <59C38 C?<< 45> ?45> 45C 5C389BBC JE 5DG1
JG59 B9DD5< 25453;5>
+? 5B81<D5> +95 59>5> C38S>5>
B1D5>6?>4
5B 2CD1>4 JG9C385> <59C38 E>4 53;5< =ECC
=9>45CD5>C3= 25DB175>
1C <59C38 ;1>>
GR8B5>4 45C B1D5>C 1E67585>
+6/).8 :46(+6+/8+3
.5BG5>45> +95 6B9C385C ?45B 756B?B5>5C <59C38
/9B
5=@658<5> 6B9C385C <59C38 =9D
#T8<C38B1>;D5=@5B1DEB
/R8<5> +95 59> 75597>5D5C 5C389BB
/9575> +95 41C 6B9C385 ?45B 756B?B5>5 <59C38 41C
56<T75< ?45B 45> 9C38
5>1E5 9>G59C5 5B81<D5>
+95 9> 45> 5>DC@B5385>45> ,125<<5>
+95 25>SD975>
41C 5G938D JE= 9>CD5<<5>
/TBJ5> +95 41C <59C38
56B?B5>5C <59C38 GTBJ5>
+95 75>1EC? G95 6B9C385C <59C38
59 F95<5> 5B938D5> C?<< <TCC97;59D JE757525>
G5B45>
525> +95 C?F95< <TCC97;59D 9> 41C 5C389BB
41CC 45B ?45> 31
M3= 25453;D 9CD
59 <TCC97;59D
K:1 41B6 5C BE897 =58B C59>
5138D5> +95 495
9>G59C5 9> 45> ,125<<5>
+38<95Q5> +95 41C 5C389BB =9D 59>5= 53;5<
+D5<<5>
+95 5C 9> S85 1E6 45> *?CD
64-6'22+
)"!+
)"*!
+389525> +95 41C 5B938D 9==5B 9> 45> ;1<D5>
1BB1E=
" &+ "*+
)' )%%6
,%%)
."!+*6
)"!
$5**" #"+
0, &
(7<23?0?/A3<
=16?7>>3 B5 )16/:3
)/B3?0?/A3<
S 95
8/
(=/@A0334
(=/@A0334 =16?7>>3
S 95
<37<
(=/@A0334 3<5:7@16
(=/@A0334 =16?7>>3
S 95
<37<
)16D37<30?/A3<
!/;; $/193< /:@ )16/:3
$B@@ (=::0?/A3<
S 95
8/
!?B@A3<0?/A3<
)16B:A3? ;7A )16D/?A3 /B16
S 95
<37<
)"!+
)"*!
" &+ "*+
)' )%%6
,%%)
."!+*6
)"!
$5**" #"+
0, &
!/:0@0?/A3<
)16B:A3? /E3 !B53: %03?S
@16/:3 534R::A3 !/:0@0?B@A
S 95
8/
"/;;93B:3
!3B:3 =6<3 !<=163<
S 95
8/
34:R53:
P6<163< <A3 /<@ /0F>BA3 S 95
<37<
34:R53:93B:3<
P6<163<S &BA3<S <A3<S
P<@393B:3<
S 95
<37<
&BA3<0?B@A
&BA3<0?B@A S?=::0?/A3<
S 95
8/
/;;3: 7?@16
)16B:A3? /:@5?/A ?B@A
S 95
8/
!/@@3:3? (36 !:37<D7:2 (3693B:3 /@3<93B:3
S 95
8/
/190?/A3<
/:@163? /@3
S 95
<37<
7<AQ>43
(=B:/23< &7163:@A37<3?
)G35327<3? B:/@16
S 95
8/
7@16 532R<@A3A
=?3::3 ./<23? !/?>43< 5/<G3?
!/03:8/B
S 95
8/
7@16 530?/A3<
=?3::3 ./<23? !/?>43< 5/<G3?
!/03:8/B
S 95
<37<
)"!+
)')&
" &+ "*+
)' )%%6
,%%)
."!+*6
)"!
$5**" #"+
0, &
(7<23?0?/A3<
=16?7>>3 B5 )16/:3
S 95
8/
(=/@A0334
(=/@A0334 =16?7>>3
S 95
<37<
)16D37<30?/A3<
!/;; $/193< /:@ )16/:3
$B@@ (=::0?/A3<
S 95
8/
!/:0@0?/A3<
)16B:A3? /E3 !B53: %03?S
@16/:3 534R::A3 !/:0@0?B@A
S 95
8/
"/;;93B:3
!3B:3 =6<3 !<=163<
S 95
8/
34:R53:93B:3<
P6<163<S &BA3<S <A3<S
P<@393B:3<
S 95
<37<
/;;3: 7?@16
)16B:A3? /:@5?/A ?B@A
S 95
8/
(36 !:37<D7:2
(3693B:3 /@3<93B:3
S 95
8/
16AB<5 -3<< )73 534?=?3<3@ :37@16 GB03?37A3< 7@A 37< ,3?@167303< 23? <23G37A /B4 @>PA3? <716A
;Q5:716 /@ :37@16 DR?23 7< 23? -/?A3G37A /B4A/B3<
%/+ 1'3-+ *'9+68
*'7 +6/).8
1=9D +95 G9CC5> G95 <1>75 !8B 5B938D 41E5BD CD5<<5>
+95 59> G95 9> (E>;D 29C 25C38B9525>
95 1E5B
5BC3859>D 9> 45B >J5975
(B?7B1== 122B5385> E>;D9?>CGR8<5B 1ECC381<D5>
!4 78+11+3 !/+ +/3
59C@95< 9= 9<4 *?1CD2556 4EB38752B1D5> ;7
1C @1CC5>45 (B?7B1== 1EC 45B B1DD125<<5
1ECCE385>
E>;D9?>CGR8<5B 4B585> 29C 9> 45B ,5=@5B1DEBU
1>J5975 ( 2<9>;D
%9D 45= B58GR8<5B 495 75GT>C38D5 (B?7B1==U
&E==5B 59>CD5<<5>
!> 45B >J5975 5BC3859>D 45B .?BC38<17CG5BD 6TB
41C 5G938D
%9D 45= B58GR8<5B 41C 5G938D 59>CD5<<5>
&138 59>975> +5;E>45> CD1BD5D 45B 13;?65>
95
1E5B <RE6D C938D21B 9> 45B >J5975 12
/+ '6=+/8 /78 '(-+1'9,+3
9> +97>1< 5BDS>D
5B 13;?65> C381<D5D 1EC
E>;D9?>CGR8<5B 1ECC381<D5>
64-6'22 '((6+).+3
E>;D9?>CGR8<5B 1ECC381<D5>
+6 ')04,+3 7411
'9842'8/7). +/3E
93* '977).'18+3
.5BG5>45> +95 >EB 6B9C385C <59C38 ?45B 6B9C385>
9C38
5138D5> +95 29DD5 41CC <5938D F5B45B2<9385
$525>C=9DD5< >938D JE <1>75 9= 1BB1E= CD585>
4TB65>
+D5<<5> +95 59> G95 9> (E>;D 29C 25C38B9525>
59C@95< 9= 9<4 *?1CD2556 4EB38752B1D5>
(B?7B1== ;7
1C 5B938D C?<< E= -8B
65BD97 C59>
,1CD5 -8B C? ?6D 4BT3;5> 29C 41C +I=2?<
>45 2<9>;D
!> 45B >J5975 C585> +95 G1>> 41C 5B938D 65BD97
9CD
%9D 45= B58GR8<5B 495 >45J59D 1E6 C@RD5B
F5BC389525>
&138 59>975> +5;E>45> G9B4 495 9>CD5<<E>7 T25BU
>?==5>
!> 45B >J5975 CD58D 495 >45J59D
1C
+I=2?< >45 <5E38D5D
5B 13;?65> CD1BD5D
JE= B938D975> 059D@E>;D
/+ '6=+/8 /78 '(-+1'9,+3
9> +97>1< 5BDS>D
5B 13;?65> C381<D5D 1EC
E>;D9?>CGR8<5B 1ECC381<D5>
/3;+/7
!> 45B >J5975 <RE6D 59>5 /53;5BJ59D 12
*5CD<9385 1E5B >45J59D ?45B -8BJ59D 126B175> ,1CD5 -8B C? ?6D 4BT3;5> 29C 41C
:5G59<975 +I=2?< 5BC3859>D
5G938D 126B175> ,1CD5 !>6? 4BT3;5>
"/557 =96 6'8E
'9842'8/0
/@ 3D716A C=< ?/A3< =23?
34:R53: :735A R03? 23;
/<535303<3< 3D716A@03?3716
3? 3D716A@03?3716 7@A 03DB@@A 37<53@16?P<9A R? @36? 5?=O3
?/A3< 7@A 6PB475 937< /B@?37163<2 5?=O3? ?PA3? 3?6P:A:716
3?37A3< )73 5?=O3 )AR193 ;7A %03?S B<2 +<A3?67AG3 =23?
+;:B4A5?7::3< GB
3? ?/A3< 7@A 5BA /03? 273 )=O3
7@A GB 2B<93:
-P6:3< )73 37< 9:37<3?3@ 3@167?? =23? C3?D3<23< )73 ;36?
:R@@75937A
3? ?/A3< 7@A 5BA /03? 273 )=O3
7@A GB 63:: B<2 DP@@?75
-P6:3< )73 37< 5?QO3?3@ 3@167?? =23? C3?D3<23< )73 D3<753?
:R@@75937A
3? ?/A3< 7@A C=< =03< GB A?=193<
,3?D3<23< )73 37< 3@167?? ;7A 5BA @16:73O3<23; 3193: )36?
;/53?3@ :37@16 0:370A @/4A753? D3<< )73 3@ ;7A )>319@A?3743<
03:353<
-P6?3<2 23@ ?/A3<@ ?7316A 3@
/<530?/<<A /03? 23? ?/A3< @736A
5BA /B@
3? 3193: 23@ ?PA3?@ @16:73OA <716A ?716A75 =23? 2/@ :37@16
7@A /B4535/<53< B<2 6/A 23< 3193: /<536=03< ,3?D3<23<
)73 7;;3? 37<3< >/@@3<23< 3193: 16A3< )73 2/?/B4 2/@@
GD7@163< :37@16 B<2 3193: ;7<23@A3<@ 1; 0@A/<2 @7<2
)73 ;Q16A3< A734534?=?3<3@ :37@16
GB03?37A3<
-R?G3< )73 2/@ 534?=?3<3 :37@16 53</B @= D73 4?7@163@ :37@16
16AB<5 7< ,3?@167303< 23? <23G37A /B4 @>PA3? 7@A 037
534?=?3<3; :37@16 <716A ;Q5:716 /@ :37@16 DR?23 7< 23?
-/?A3G37A /B4A/B3< B<2 DP?3 B<53<73O0/?
D6 !/+ /3 937+6+2 4).789*/4 -+8+78+8
95B 69>45> +95 59>5 ECG18< 1> 5B938D5> E>4 495
?@D9=1<5> 9>CD5<<E>75> 41JE
/9B J5975> !8>5>
G5<385 59J1BD E>4 ,5=@5B1DEB 6TB !8B 5B938D 1=
25CD5> 75597>5D 9CD
+95 5B81<D5> >7125> JE=
@1CC5>45> 0E258SB E>4 9> G5<385B S85 5C
59>75C38?25> G5B45> C?<<
+95 25;?==5> ,9@@C JE=
5C389BB E>4 JEB 0E25B59DE>7
/3;+/7+
95 ,125<<5>G5BD5 75<D5> 9==5B 6TB 41C 9>C389525> 9>
45> ;1<D5> E>4 <55B5> 1BB1E=
&EB F?B859J5> G5>>
5C 9> 45> ,125<<5> 1>757525> 9CD
>D65B>5> +95 F?B 45B 5>EDJE>7 1<<5C 0E258SB 1EC
45= 1BB1E= 41C +95 >938D 25>SD975>
5<575> +95 41C 0E258SB 5BCD >138 45= .?B859J5>
=9D 13;@1@95B
95 059D1>7125> 9> 45> ,125<<5> C9>4 *938DG5BD5
+95
C9>4 F?> )E1<9DRD E>4 5C381665>859D 45B $525>C=9DD5<
128R>797
.5BG5>45> +95 41C =9D75<9565BD5 0E258SB
0ECRDJ<9385C 0E258SB 5B81<D5> +95 1<C +?>45BJE258SB
9= 13881>45< ?45B 259= #E>45>495>CD
5>EDJ5> +95 9==5B 59>5> ,?@6<1@@5> G5>> +95
859Q5C 0E258SB ?45B 5C389BB 1EC 45= 1BB1E=
>58=5>
9).+3 93*
+(B)0
')0+3 '9, +/3+6 (+3+
%9D '25BU->D5B89DJ5 75<9>7D 41C 13;5> F?>
#E385> 1= 25CD5>
/5>> +95 =9D U 59Q<E6D213;5> 25138D5> +95
6?<75>45C
#E385> 9> ?B=5> 9>C38E28S85 #E385> 1E6 45= <538 9>C38E28S85 ')0+3 '9, 2+.6+6+3
(+3+3
.5BG5>45> +95 U 59Q<E6D
13;5> 1E6 25>5>
->9F5BC1<@61>>5 9> 9>C38E28S85 13;2<538 9> 9>C38E28S85 13;5> 1E6 25>5>
13;2<538 9> 9>C38E28S85 ->9F5BC1<@61>>5 9> 9>C38E28S85 13;2<538 9> 9>C38E28S85 <5938J59D97 59>75C38?25>5 <5385 =TCC5> >938D
7<5938J59D97 65BD97 G5B45>
!> 45> ,125<<5> 69>45> +95 J18<B59385 .?BC38<R75 6TB
!8B5 5B938D5
/5>> +95 =9D #1CD5>6?B=5> 7<5938J59D97 213;5>
CD5<<5> +95 495C5 G95 9= 9<4 127529<45D 1E6 495 *?CD5
')0,462+3
= 25CD5> 75597>5D C9>4 4E>;<5 13;6?B=5> 1EC
%5D1<<
59 85<<5> 13;6?B=5> 1EC 4T>>G1>4975=
%5D1<< ?45B 259 <1C6?B=5> F5B<R>75B> C938 495
13;J59D5> E>4 45B #E385> 2BRE>D >938D C?
7<5938=RQ97
/5>> +95 +9<9;?>U?B=5> F5BG5>45> G?<<5>
?B95>D95B5> +95 C938 1> 45> >7125> E>4 *5J5@D5>
45C 5BCD5<<5BC
+9<9;?>U?B=5> C9>4 ?6D ;<59>5B 1<C
>?B=1<5 ?B=5>
95 ,597=5>75> E>4
*5J5@D1>7125> ;S>>5> 12G59385>
"'(+11+3
!> 45> ,125<<5> 69>45> +95 6TB 495 F5BC389545>5>
#E385> E>4 52R3;5 495 ?@D9=1<5 59J1BD
,5=@5B1DEB E>4 13;41E5B C9>4 F?> %5>75 E>4
5C381665>859D 45C ,5975C 128R>797
5C81<2 C9>4 9>
45> ,125<<5> 5B59385 1>757525>
.5BCE385> +95 5C
JE5BCD =9D 45= >954B975B5> /5BD
9>5 >954B975B5
,5=@5B1DEB 5B792D 59>5 7<5938=RQ975B5 BRE>E>7
/5>> 5B6?B45B<938 CD5<<5> +95 259= >R38CD5> %1<
8S85B 59>
95 13;J59D5> F5B;TBJ5> C938 E= 29C %9>ED5>
G5>> +95 F?B859J5>
0ECRDJ<9385 !>6?B=1D9?>5> 69>45> +95 E>D5B ,9@@C JE=
13;5> 9= >C38<ECC 1> 495 ,125<<5>
,!& "& ')%&
*!"))
4!
"0)+
%()+,)
"& °
#,)
"& "&,+&
(R6?9B163< 37<4/16
!?/<GS
!/@A3<4=?;
S
S
!/@A3<4=?;3<
S
S
(R6?9B163< 437<
!?/<GS
!/@A3<4=?;
S
S
*=?A3<0=23< /B@ (R6?A375
%0@A0=23<4=?;
S
S
%0@A9B163< 437< (R6?A375
)>?7<5S
$/>44=?;
S
S
7@9B7AA=?A3
2B<9:3 )>?7<54=?;
S
S
#R?03A3750=23< ;7A (/<2
2B<9:3 )>?7<54=?;
S
S
%0@AS =23? 'B/?9A=?A3 ;7A
#R?03A3750=23<
2B<9:3 )>?7<54=?;
S
S
)16D37G3? -P63
&7GG/0:316
S
S
&79/<A3 !B163< G
'B7163
.D7303:9B163<
2B<9:3 )>?7<54=?;
S
S
&7GG/ 2R<<3? =23< D3<75
3:/5 C=?637G3<
&7GG/0:316
S
S
!B163< 1/ #7<BA3< 7; /B@53@16/:A3A3< 53@16:=@@3<3< 3?PA /B@9R6:3< :/@@3<
,!& , % $!
,!4)
4!
"0)+
%()+,)
"& °
#,)
"& "&,+&
(R6?S =23? 343A3755 ;7A
A?=193<3;
9
3:/5
:
/190:316
S
S
+<7C3?@/:>4/<<3 /190:316
S
S
(R6?S =23? 343A3755 ;7A
@/4A753;
47
3:/5
: %0
%0@A
+<7C3?@/:>4/<<3
S
S
+<7C3?@/:>4/<<3 /190:316
S
S
)16D37G3? -P63
+<7C3?@/:>4/<<3
S
S
,!& , % $!
,!4)
4!
"0)+
%()+,)
"& °
#,)
"& "&,+&
7@9B7A?=::3 C=?637G3<
/190:316
S
S
343G=>4 ;7A 5 #36:
/190:316
S
S
)A=::3< ;7A 5 #36:
/190:316
S
S
)A=::3< ;7A 95 #36:
/190:316
S
S
)A?B23: @RO
+<7C3?@/:>4/<<3
S
S
&7GG/
/190:316
S
S
+<7C3?@/:>4/<<3 /190:316
S
S
$"& 3#
,!4)
4!
"0)+
%()+,)
"& °
#,)
"& "&,+&
)>?7AG530P19
> 5
C=?637G3<
6 7
/190:316
S
S
/190:316
S
S
+<7C3?@/:>4/<<3 /190:316 S
S
+<7C3?@/:>4/<<3 /190:3163
S
S
/190:316
S
S
+<7C3?@/:>4/<<3 /190:316 S
S
+<7C3?@/:>4/<<3 /190:3163
S
S
/190:316
S
S
+<7C3?@/:>4/<<3 /190:316 S
S
+<7C3?@/:>4/<<3 /190:3163
S
S
/7@3?
/190:316
S
S
?/<2A375530P19
/190:316
S
S
:PAA3?A375530P19
55
/190:316
S
S
+<7C3?@/:>4/<<3 /190:316 S
S
+<7C3?@/:>4/<<3 /190:3163
S
S
&:PAG163<
#/9?=<3<
$"& 3#
,!4)
4!
"0)+
%()+,)
"& °
#,)
"& "&,+&
343A375530P19
55
/190:316
S
S
S
S
+<7C3?@/:>4/<<3 /190:316 59= B?D213;5> 45> 13;?65> F?B859J5> C?65B>
>938DC 1>45B5C 1>757525> 9CD
648 93* 6C8).+3
&95 /1CC5B 9> 45> 859Q5> 13;?65> 795Q5>
59= 13;5> 1E6 25>5> 495 ->9F5BC1<@61>>5
9==5B T25B 45= 13;2<538 59>C389525>
)'+ ,& )4+!&
,!4)
4!
"0)+
%()+,)
"& °
#,)
"& "&,+&
3430?=A ;7A 95 #36:
+<7C3?@/:>4/<<3
S
)/B3?A3750?=A ;7A
95 #36:
+<7C3?@/:>4/<<3
S
?QA163<
<716A C=?637G3<
/190:316
S
S
?QA163< /B@ 343A375
5 @RO
/190:316
S
S
+<7C3?@/:>4/<<3 /190:316
S
S
"/557 =92 ')0+3
)73 D=::3< </16 6?3; 3753<3<
(3G3>A 0/193<
%?73<A73?3< )73 @716 /< P6<:7163; 30P19 7< 23< /19A/03::3<
)= @A3::3< )73 43@A =0 23?
(R6?9B163< 2B?16530/193< 7@A
)A3163< )73 3AD/ #7<BA3< C=? <23 23? 7; (3G3>A
/<535303<3< /19G37A ;7A 37<3; =:G@AP0163< /< 23?
6Q16@A3< )A3::3 7< 23< !B163< -3<< 937< *375 ;36? /; =:G
9:30A 7@A 23? !B163< 43?A75
3? !B163< 4P::A GB@/;;3<
,3?D3<23< )73 037; <P16@A3< #/: D3<753? :R@@75937A =23?
@A3::3< )73 273 /19=43<A3;>3?/AB? B; ?/2 <732?753? 37<
3/16A3< )73 273 /<535303<3< (R6?G37A3< 7; (3G3>A
3? !B163< 7@A 7< 23? #7AA3 6=16
/B4535/<53< B<2 /; (/<2
<732?753?
3AA3< )73 23< (/<2 23? )>?7<54=?; <716A 37< $/16 23;
/193< :Q@3< )73 23< !B163< C=?@716A75 ;7A 37<3; #3@@3?
3? !B163< D7?2 =03< GB 2B<93:
)167303< )73 76< A7343? 37< DP6:3< )73 37<3 <732?753?3
*3;>3?/AB? B<2 0/193< )73 23< !B163< 3AD/@ :P<53?
3? !B163< 7@A GB A?=193<
)A3163< )73 ;7A 23; ./6<@A=163? 9:37<3 "Q163? 7< 23< 43?A753<
!B163< /<< A?PB43:< )73 %0@A@/4A =23? :9=6=:7@163@ 2/?R03?
-P6:3< )73 037; <P16@A3< #/: 273 *3;>3?/AB? B; ?/2
6Q63? B<2 C3?9R?G3< 273 /19G37A3<
/@ ?=A =23? 23? !B163<
G !P@39B163< @736A 5BA /B@ 7@A
/03? 7<<3< 9:7A@1675 @>7<A75 ;7A
-/@@3?@A?3743< 2B?16G=53<
,3?D3<23< )73 037; <P16@A3< #/: 3AD/@ D3<753? :R@@75937A
B<2 0/193< )73 ;7A <732?753?3? *3;>3?/AB? 3AD/@ :P<53? 37
!B163< ;7A @/4A753; 3:/5 0/193< )73 3?@A 23< =23< C=?
3@A?3B3< )73 76< ;7A #/<23:< =23? )3;;3:0?Q@3: B<2 5303<
2/<< 23< 3:/5 2/?/B4 3/16A3< )73 07AA3 (3G3>A3 B<2
/19G37A3<
/@ 30P19 7@A B<5:3716;PO75
530?PB<A
-P6:3< )73 273 *3;>3?/AB? 3AD/@ <732?753? 2/<< D7?2 2/@
30P19 5:3716;PO753? /193< )73 3;>47<2:7163@ 30P19 ;7A
%03?S
+<A3?67AG3 /B4 37<3? 03<3 B16 R03?@A363<23@
/19>/>73? 9/<< 273 "B4AG7?9B:/A7=< 0337<4:B@@3< )16<3723< )73
/19>/>73? 7;;3? >/@@3<2 GB; :316 GB
3? %0@A9B163< 7@A B<A3< GB 63::
)167303< )73 23< !B163< 037; <P16@A3< #/: 37<3 03<3 A7343?
37<
3? %0@A@/4A :PB4A R03?
,3?D3<23< )73 037; <P16@A3< #/: D3<< C=?6/<23< 273 A7343?3
+<7C3?@/:>4/<<3
!:37<530P19 /B@ 343A375 9:30A
037; /193< /<37</<23?
+; 8323@ 30P19@AR19 @=::A3 37< 0@A/<2 C=< 1/1; @37< )=
7@A 53<R53<2 &:/AG 2/@@ 273 30P19@AR193 @16Q< /B45363< B<2
?B<263?B; 0?PB<3< 9Q<<3<
)73 6/03< /B4 ;36?3?3< 03<3<
530/193< B4 23; =03?3< :316
7@A 2/@ 30P19 2B<9:3? /:@ /B4 23<
B<A3?3<
,3?D3<23< )73 GB; /193< /B4 ;36?3?3< 03<3< 7;;3?
S37O:B4A :3716G37A75 37<53@16=03<3 :3163 ;R@@3<
<716A 5:3716G37A75 43?A75 D3?23<
37; /193< C=< @/4A753< !B163<
A?7AA !=<23<@D/@@3? /B4
37; /193< 9/<< -/@@3?2/;>4 3<A@A363< ? 3<AD3716A R03?
23? *R? 3? -/@@3?2/;>4 9/<< @716 /; 3273<43:2 =23? /<
03</160/?A3< #Q03:4?=<A3< <7323?@16:/53< B<2 /:@
!=<23<@D/@@3? /0A?=>43< 73@ 7@A >6F@79/:7@16 0327<5A
1+/7). +,1D-+1
/7).
/3;+/7+ =92 +7)./66
+95 ;S>>5> :545C 89DJ525CDR>4975 5C389BB
F5BG5>45>
TB 7B?Q5 B1D5> 597>5D C938 1E38 495
->9F5BC1<@61>>5
= 25CD5> 75597>5D 9CD 5C389BB 1EC <1C
5B 53;5<
C?<< 6TB 45> BRD5B @1CC5> E>4 7ED C38<95Q5>
/5>> +95 5=19<<95BD5 BRD5B F5BG5>45> 7525> +95
5DG1C =58B <TCC97;59D JE
59 BRD5B> 1EC 45<CD18< 9CD 495 BRE>E>7 >938D C?
CD1B; E>4 41C <59C38 ;1>> 5DG1C G5>975B 71B C59>
.5B<R>75B> +95 495 1BJ59D5>
+D5<<5> +95 41C 5C389BB 9==5B 9> 495 %9DD5 45C
*?CD5C
>7125> 9> 45> ,125<<5>
5C389BB ?8>5 53;5< ?665>
5C389BB =9D 53;5< 75C38<?CC5>
59Q5C <1C75C389BB 1E6 59>5= DB?3;5>5> ->D5BC5DJ5B
12CD5<<5>
/5>> 495 ->D5B<175 >1CC ?45B ;1<D 9CD ;1>>
41C <1C C@B9>75>
/3;+/7+ =92 6'8+3
525> +95 JE =175B5= <59C38 5DG1C <TCC97;59D
5B
?45> 45C 5C389BBC C?<< 31
M3= 8?38 25453;D
C59>
0E +38=?B2B1D5> 7525> +95 B5938<938 <TCC97;59D
89>JE
5B ?45> 45C 5C389BBC C?<< U3= 25453;D
C59>
95 %5>75 45B <TCC97;59D 9CD 128R>797 F?> <59C381BD
E>4 %1D5B91< 45C 5C389BBC
/5>> +95 <59C38 9=
5=19<<95BD5> BRD5B JE25B59D5> 9CD 5DG1C =58B
<TCC97;59D >SD97 1<C 9= <1C75C389BB
BRD5B 1EC 45<CD18< C9>4 >EB 2549>7D 75597>5D
1C
<59C38 71BD <1>7C1=5B E>4 2BRE>D G5>975B
.5BG5>45> +95 59>5 8S85B5 ,5=@5B1DEB E>4?45B
59>5 <R>75B5 1BJ59D
/3;+/7+ =92 6/11+3
B9<<5> +95 9==5B 9= 75C38<?CC5>5> 13;?65>
59J5> +95 259= B9<<5> 31
%9>ED5> F?B 25F?B +95
41C B9<<7ED 59>C389525>
$575> +95 495 B9<<CDT3;5 49B5;D 1E6 45> *?CD
9>
59>J5<>5C B9<<CDT3; G9B4 1= 25CD5> G5>> +95 5C 9>
45> =9DD<5B5> 5B5938 45C *?CD5C <575>
+389525> +95 JECRDJ<938 495 ->9F5BC1<@61>>5 9> S85
59>
5B <59C38C16D G9B4 1E67561>75> E>4 45B
13;?65> 2<592D C1E25B5B
1C 13;2<538 ?45B 495 ->9F5BC1<@61>>5 >938D 9>
S85 ?45B 59>C389525>
EB38 495 CD1B;5 9DJ5
F5BJ958D 5C C938 E>4 ;1>> 259= 5B1EC>58=5> 45>
1BB1E= 25C38R4975>
&58=5> +95 =S7<938CD 7<5938 493;5 B9<<CDT3;5
+?
2BRE>5> C95 7<5938=RQ97 E>4 2<5925> C38S> C16D97
+1<J5> +95 +D51;C 5BCD >138 45= B9<<5>
/5>45> +95 B9<<CDT3;5 >138 45B 1>757525>5>
059D
5B B9<<859J;SB@5B C381<D5D C938 9==5B G9545B 59> E>4
1EC
1C 9CD >?B=1<
/95 ?6D 41C 75C38958D B938D5D C938
>138 45B 59>75CD5<<D5> B9<<CDE65
$"*!
."!+
,!4) ,&
*!"))
4!
"0)+
%()6
+,) "& °
)"$$*+,
),)
"& "&,+&
95
553@16:=@@3<
S
95
S
95
S
S
S
S
"&$"*!
(7<23?@16;=?0?/A3<
(7<23?47:3A ;327B;
95
=443<
95
(=/@A0334 ;327B;
)A3/9@ 1; 2719
;327B;
95
=443<
(=@A +<7C3?@/:>4/<<3
$"*!
."!+
,!4) ,&
*!"))
4!
"0)+
%()6
+,) "& °
)"$$*+,
),)
"& "&,+&
95
=443<
S
S
S
95
S
95
S
S
95
S
95
S
$$"*!
!/:0@0?/A3<
95
!."&$"*!
?/A3< =6<3
) 6
)16D/?A3
G $/193<
G$/193<
95
?/A3< ;7A )16D/?A3
) 6 : G)16B:A3?
95
!/@@:3? ;7A !<=163<
=443<
=443<
95
53@16:=@@3<
S
"/;;93B:3 =6<3
!<=163< ;327B;
95
=443<
S
#)+&
/B@ 5
:37@16
=443<
S
%%$"*!
5)*+!&
+,1D-+1
(=@A +<7C3?@/:>4/<<3
95 5G938DC1>7125> 9> 45B ,125<<5 25J9585> C938 1E6
E>756T<<D5C 2B1D65BD975C 56<T75<
/5>> +95 49B5;D 1E6 45= *?CD 7B9<<5> C389525> +95 495
->9F5BC1<@61>>5 9> S85 59>
5B <59C38C16D G9B4
1E67561>75> E>4 45B 13;?65> 2<592D C1E25B5B
59 >D5 ?45B 1>C CD5385> +95 495 1ED E>D5B 45>
<T75<> 59> 41>> ;1>> 41C 5DD 12<1E65>
$575> +95 71>J5C 56<T75< JE5BCD =9D 45B BECDC59D5
>138 E>D5> 1E6 45> *?CD
&138 45B 1>757525>5>
059D G5>45>
B1D5>CDT3;5 G95 (ED5>B?<<2B1D5> ?45B (ED5>2BECD
>138 45B R<6D5 45B 1>757525>5> 059D G5>45>
56<T75<D59<5 >138 45B 059D G5>45>
56<T75< G9B4 25C?>45BC ;>EC@B97 2B1E> G5>> +95 5C
7575> >45 45B B1DJ59D =9D EDD5B +1<JG1CC5B ?45B
'B1>75>C16D 25CDB59385>
$5 $
."!+
,!4) ,&
*!"))
4!
"0)+
%()6
+,) "& °
)"$$*+,
),)
"& "&,+&
P6<163< 5/<G
95
(=@A
S
S
&=B:/?23 5/<G
95
(=@A
S
S
P6<163< 6/:073?A
83 5
(=@A
S
S
P6<163<A37:3
83 5
(=@A
S
S
<A3 5/<G
95
(=@A
S
S
/<@ 5/<G
S 95
(=@A
S
S
/0F>BA3 5/<G
95
(=@A
S
S
&BA3<=03?93B:3
95
(=@A
S
S
/5>> +95 49B5;D 1E6 45= *?CD 7B9<<5> C389525> +95
JECRDJ<938 495 ->9F5BC1<@61>>5 9> S85 59>
95
<TCC97;59D G9B4 1E67561>75> E>4 45B 13;?65> 2<592D
C1E25B5B
/7).
/5>45> +95 9C38CDT3;5 >138 45B B9<<J59D
1>J5B 9C38 =ECC >938D 75G5>45D G5B45>
+389525>
+95 45> 71>J5> 9C38 9> +38G9==CD5<<E>7 =9D 45B
*T3;5>6<?CC5 >138 ?25> 9> 45> 13;?65>
9>5
1>75C38>9DD5>5 #1BD?665< ?45B 59> ;<59>5C ?65>65CD5C
56RQ 9= 1E38 45C 9C385C F5B<598D +D129<9DRD
"*!
."!+
7@16 55/<G
7@169=A3:3AA
1; 2719
,!4) ,&
*!"))
4!
"0)+
%()6
+,) "& °
)"$$*+,
,) "&
"&,+&
83 1/ 5 (=@A
S
95
(=@A
S
S
95
(=@A
S
S
(=@A
S
"/557 =92 6'8+3
93* 6/11+3
R? 2/@ 3D716A 23@ ?/A3<@
@A363< 937<3 <5/03< 7< 23?
*/03::3
-P6:3< )73 273 <5/03< 3<A@>?3163<2 23; <P16@A<732?753?3<
3D716A B<2 C3?:P<53?< )73 273 .37A
-73 9Q<<3< )73 43@A@A3::3< =0 23?
?/A3< 43?A75 7@A
3<BAG3< )73 37< :37@16A63?;=;3A3? 7; /166/<23: 3?6P:A:716
=23? ;/163< )73 273 H"Q443:>?=03 ?R193< )73 ;7A 23; "Q443:
/B4 23< ?/A3< R6:A 3? @716 43@A /< 7@A 3? 43?A75 -3<< 3?
</16570A 0?/B16A 3? <=16 3AD/@ .37A
3? ?/A3< 7@A GB 2B<93: B<2 273
!?B@A3 @A3::3<D37@3 C3?0?/<<A
N03?>?R43< )73 273 7<@16B06Q63 B<2 273 *3;>3?/AB?
3? ?/A3< @736A 5BA /B@ /03? 273
)=O3 7@A /<530?/<<A
-P6:3< )73 037; <P16@A3< #/: 37< 9:37<3?3@ ?/A53@167?? =23?
5303< )73 ;36? :R@@75937A GB
3? ?/A3< @736A 5BA /B@ /03? 273
)=O3 7@A GB 63:: B<2 DP@@?75
-P6:3< )73 037; <P16@A3< #/: 37< 5?QO3?3@ ?/A53@167?? B<2
C3?D3<23< )73 D3<753? :R@@75937A
37; B4573O3< 23@ ?/A3<@
3<A@A36A -/@@3?2/;>4
/@ 7@A >6F@79/:7@16 0327<5A B<2 <=?;/: 7< 5?=O3? *37: 23@
-/@@3?2/;>43@ A?7AA 2B?16 23< /;>4/B@A?7AA /B@ ? 9/<< @716
/< 23? 9R6:3?3< )16/:A3?4?=<A =23? /< 03</160/?A3<
#Q03:4?=<A3< <7323?@16:/53< B<2 /:@ !=<23<@D/@@3?
/0A?=>43<
9,1B9,+ 6'8/37
"4'787
/5>> +95 49B5;D 1E6 45= *?CD 7B9<<5> C389525> +95
JECRDJ<938 495 ->9F5BC1<@61>>5 9> S85 59>
5B
13;?65> 2<592D C1E25B5B
+D5<<5> +95 41C 5C389BB 9==5B 1E6 45> *?CD
5B 1BJECD1>4 59>5C E6<1E6C 9CD 128R>797 F?> 45B
BSQ5 45C 5C389BBC E>4 F?> 45B S85 45C E6<1E6C
95 ,125<<5>1>7125> C9>4 >EB *938DG5BD5
,$3,
,!4) ,&
*!"))
4!
"0)+
%()+,)
"& °
#,)
"& "&,+&
B4:/B4 @RO
B4:/B44=?;
S
S
$B23:/B4:/B4
B4:/B44=?;
S
S
,$3,
4!
"0)+
%()+,)
"& °
#,)
"& "&,+&
!/?A=443:5?/A7<
5
?=63 .BA/A3< B4:/B44=?;
;/E 1; 66=166
B4:/B44=?;3<
S
S
S
S
*=/@A R03?0/193< )AR19
(=@A
S
*=/@A R03?0/193< )AR19
(=@A
S
+68/-564*908+
,!4) ,&
*!"))
5138D5> +95 495 5BCD5<<5B1>7125> 1E6 45B
.5B@13;E>7
/5>> +95 41C 0E258SB =9D 13;@1@95B 25<575>
138D5> +95 41B1E6 41CC 41C 13;@1@95B 6TB 495C5
,5=@5B1DEB5> 75597>5D 9CD
(1CC5> +95 495 BSQ5 45C
(1@95BC 1> 41C 5B938D 1>
1C 1B5B752>9C 9CD C58B CD1B; 128R>797 F?=
$525>C=9DD5<
.?B2BRE>E>75> E>4
->7<5938=RQ97;59D5> ;S>>5> C38?> 259 45B B?85>
/1B5 F?B81>45> C59>
)"!+
,!4)
4!
"0)+
%()6
+,) "& °
)"$$*+,
#,)
"& "&,+&
+<7C3?@/:>4/<<3
S
S
+<7C3?@/:>4/<<3 (=@A
S
S
+<7C3?@/:>4/<<3
S
S
+<7C3?@/:>4/<<3 (=@A
S
S
&7GG/ /5B3AA3
+<7C3?@/:>4/<<3
S
S
#7<7>7GG/
+<7C3?@/:>4/<<3
S
S
&7GG/ 539R6:A C=?637G3<
+<7C3?@/:>4/<<3
S
S
"00 +" #5!$+
&7GG/ ;7A 2R<<3; =23<
&7GG/ ;7A 27193; =23<
)"!+
,!4)
4!
"0)+
%()6
+,) "& °
)"$$*+,
#,)
"& "&,+&
+<7C3?@/:>4/<<3
S
S
+<7C3?@/:>4/<<3 /190:316
S
S
!?=93AA3<
+<7C3?@/:>4/<<3
S
S
(Q@A7 534R::A3 !/?A=443:A/@163<
+<7C3?@/:>4/<<3
S
S
?QA163< /5B3AA3
+<7C3?@/:>4/<<3
S
S
?3G3:< *375:7<53
+<7C3?@/:>4/<<3
S
S
+<7C3?@/:>4/<<3
S
S
+<7C3?@/:>4/<<3 (=@A
S
S
7@16@AP0163<
+<7C3?@/:>4/<<3
S
S
P6<163<S)A719@S $B553A@
+<7C3?@/:>4/<<3
S
S
+),$ +" #5!$+
+<7C3?@/:>4/<<3
S
S
)+'$()',#+ +" #5!$+
&=;;3@ 4?7A3@
#.)& +" #5!$+
#.)& -') #&
B40/190?QA163< =23?
40 90
B40/190/5B3AA3
)+$"& +" #5!$+
+743*+6+ +6/).8+
%9D !8B5= 5BRD ;S>>5> +95 ,5=@5B1DEB5> F?> 29C
L 59>CD5<<5>
1 75<9>7D !8>5> 3B5=975B "?78EBD
=9D L 75>1E C? 7ED G95 <?3;5B5B 565D597
4-.968
%9<38 5DD 1E6;?385> 1E6 L 12;T8<5>
7 "?78EBD 59>BT8B5>
!> ,1CC5> ?45B ;<59>5
,G9CDU'66U<RC5B E=6T<<5> E>4 1275453;D 1E6 45>
*?CD CD5<<5>
%9>ED5> 1E6 L F?B859J5>
1>> G95
1>757525> JE25B59D5>
+,+8+/- -+.+3 1'77+3
5> 565D597 G95 75G?8>D JE25B59D5>
!> 59>
89DJ525CDR>4975C 5C389BB 1EC #5B1=9; 7525> E>4
12453;5>
5> 1BB1E= U%9>ED5> F?B859J5>
5BRD 1ECC381<D5> E>4 45> ,597 JE= 585> <1CC5> 9>
45> 1BB1E= CD5<<5>
&9(+6+/893)"!+
=56B?A
*!"))
4!
"0)+ %()+,) "& °
,)
*/@@3< =23?
*D7@AS%44S:P@3? /B4
23< (=@A @A3::3<
S )A2
/B4 23<
/??/B;0=23<
@A3::3<
I C=?637G3<
3?PA /B@@16/:A3<
343A375 7< 23<
/??/B; 5303<
S #7<
343A375 5363< 7AG303@AP<2753@
:/@@3<
3@167??
9,8'9+3
S #7<
56B?B5>5 $525>C=9DD5< 1EC 45B .5B@13;E>7 >58=5>
E>4 9> 59>5= 75597>5D5> 5C389BB 1E6 45> *?CD
CD5<<5>
9DD5 25138D5> +95 495 5BCD5<<5B1>7125> 1E6 45B
.5B@13;E>7
95 E6D1EJ59D5> B938D5> C938 >138 BD E>4 %5>75 45B
$525>C=9DD5<
$575> +95 56<T75< =9D 45B BECDC59D5 >138 E>D5> 1E6
59>5> ,5<<5B
)"!+
,!4)
4!
"0)+
%()+,) "& °
%("&$"!* )") ,+
G )/6<3A=?A3< BAA3?1?3;3A=?A3<
*=?A3< ;7A )16=9=:/23S =23? .B193?5:/@B?
?R16A3 B@D
(=@A
I
'&*+" "#5!$()',#+
P6<163< -B?@A B<2 :37@16 ?=A B<2
?QA163< !B163< B<2 /<23?3@ 30P19
(=@A
I
!= 5B5938 29C L 2<592D 495 13;?65><1=@5
1EC75C381<D5D
+? 9CD 59>5 ?@D9=1<5 59>B575<E>7
=S7<938
C66+3
.5BG5>45> +95 >EB 59>G1>46B595C '2CD E>4 5=TC5
E>4 G1C385> +95 5C 7BT>4<938
$1CC5> +95 5C 7ED 12DB?@65> E>4 DB?3;>5> +95 5C 12
->9F5BC1<@61>>5 9> 9>C38E28S85 *?CD 9>
9>C38E28S85 59>C389525>
->9F5BC1<@61>>5 E>4 *?CD =9D 13;U ?45B
(5B71=5>D@1@95B 1EC<575>
/5>45> +95 C58B C16D975C '2CD ?45B 5=TC5 =58BU
=1<C
1C 54SBBD5 C?6?BD >138 45= ,B?3;>5> F?=
(1@95B <SC5>
)"!+
4!
"0)+
%()+,)
"& °
,)
+,&&
5 >43:?7<53
1/
5 7?<3<@>/:A3<
1/
95 .D3A@1653< =23? &4:/B;3<
1/S
5 !R163<9?PBA3? 53>BAGA
1/M
/304).+3
$46(+6+/8+3
95 <RC5B E>4 E==9B9>75 =TCC5> C1E25B E>4 9>
'B4>E>7 C59>
5>EDJ5> +95 =S7<938CD 7<5938 7B?Q5
<RC5B
95 >7125> 9> 45> ,125<<5> 25J9585> C938
1E6 9><9D5BU*E>47<RC5B
38DE>7 .5BG5>45> +95 ;59>5 7BSQ5B5> ?45B
8S85B5> <RC5B
95 53;5< ;S>>D5> @<1DJ5>
.5BG5>45> +95 >EB 59>G1>46B595C '2CD E>4 5=TC5
/1C385> +95 5C 7BT>4<938
T<<5> +95 495 <RC5B >938D JE F?<< =9D '2CD ?45B 5U
=TC5
95 <1CBR>45B 5F5>DE5<< >?38=1<C 12G9C385>
+95 =TCC5> C1E25B C59>
$575> +95 1E6 :545C <1C
59>5> >1CC5> E==9B9>7 E>4 53;5<
.5BC38<95Q5>
+95 495 <RC5B =9D #<1==5B>
+D5<<5> +95 >938D =58B 1<C C538C <RC5B 9> 45> 1BU
B1E=
95 1>757525>5> 059D5> 9> 45> ,125<<5> C9>4 *938DU
G5BD5
+95 ;S>>5> 4EB38 *1E=D5=@5B1DEB >J18< 45B
<RC5B %5>75 E>4 /RB=5 45C <1C9>81<DC 2559>U
6<ECCD G5B45>
5F?B +95 E=U 2JG
1ECC381<D5> T25BU
J5E75> +95 C938 41F?> 41CC 5C 9> 45> <RC5B> B938D97
@5B<D
!4 78+11+3 !/+ +/3
->9F5BC1<@61>>5 9> S85 59>C389525>
95 <RC5B
C? CD5<<5> 41CC C95 C938 >938D 25BT8B5>
M $9D5B 859Q5C /1CC5B 31
L 9> 495
->9F5BC1<@61>>5 795Q5>
13;?65>DTB C38<95Q5>
E>;D9?>CGR8<5B 1E6 ->D5B89DJ5 CD5<<5>
,5=@5B1DEBGR8<5B 1E6 29C L CD5<<5>
/304).+3 :43 (78
&138 5DG1 29C %9>ED5> CD5975> 9> ;EBJ5>
2CDR>45> <RC385> 1E6
+381<D5> +95 45> 13;?65>
1EC
&138 29C %9>ED5> &138GRB=5 >58=5> +95 495
<RC5B 1EC 45= 1BB1E=
59 <R>75B5= 2;T8<5> 9=
1BB1E= ;S>>D5> C938 #59=5 29<45> E>4 495
+RE5BE>7 45C 59>75;?38D5> '2CD5C G9B4 257T>CD97D
*+ "& "&$"+)6$3*)&
-'% )$& &
!.3)%
K>43: =6/<<7@033?3< ?2033?3<
/B@@16/:A3<
1/ #7<BA3<
!7?@163< >?79=@3< &47?@7163 )A/163:033?3<
/B@@16/:A3<
1/ #7<BA3<
>43:;B@ 7?<3< &4:/B;3<
/B@@16/:A3<
1/ #7<BA3<
/304).+3 :43 +2D7+
+?21<4 9> 45> <RC5B> <RC385> 1E6CD5975> 495
,5=@5B1DEB 1E6 29C L JEBT3;CD5<<5> :5 >138
5=TC51BD 31
29C %9>ED5>
+381<D5> +95 41>>
45> 13;?65> 1EC E>4 >EDJ5> +95 495 &138GRB=5
%5* %"+ #$+% , "& "&$"+)6$3*)&
-'% )$& &
!.3)%
B?93<
S
1/ #7<BA3<
(=A3 3A3
1/ #7<BA3<
1/ #7<BA3<
(=@3<9=6:
1/ #7<BA3<
1/ #7<BA3<
=6<3< !=6:?/07 (=A9=6:
1/ #7<BA3<
1/ #7<BA3<
?0@3<
1/ #7<BA3<
1/ #7<BA3<
1B7+6 .+6'973+.2+3
+D5<<5> +95 495 859Q5> <RC5B >938D 1E6 59>5B ;1<D5>
?45B >1CC5> ->D5B<175 12
+95 ;S>>D5> C@B9>75>
)6<1'2/* /3 +(+372/88+13
%+1).+ !5+/7+3 7/3*
(+864,,+3
3BI<1=94 5>DCD58D F?B 1<<5= 259 8?385B89DJD
JE25B59D5D5> 5DB5945U E>4 #1BD?665<@B?4E;D5> G95
J
#1BD?665<389@C (?==5C 6B9D5C ,?1CD BSD385>
B?D 659>5> 13;G1B5> #5;C5 $52;E385>
+@5;E<1D9EC
"((* 0,) )/$%")%& ,)"+,& -'& ("*&
$$ %"&
/?G37A3< ;Q5:716@A 9B?G 6/:A3<
)>37@3< 5=:253:0 <716A GB 2B<93: 0?PB<3<
?=O3@ 27193@ /?5BA 3<A6P:A D3<753? 1?F:/;72
#&
#7A %03?S
+<A3?67AG3 ;/E I ;7A S37O:B4A =23? 37O:B4A
;/EI
&:PAG163<
#7A %03?S
+<A3?67AG3 ;/E I ;7A S37O:B4A =23? 37O:B4A
;/E I
7 =23? 753:0 C3??7<53?A 273 7:2B<5 C=< 1?F:/;72
/19=43<S&=;;3@ 4?7A3@
:3716;PO75 B<2 37<:/575 /B4 23; :316 C3?A37:3< #7<23@A3<@
5 >?= :316 0/193< 2/;7A 273 &=;;3@ <716A /B@A?=19<3<
6D,-+6/).8+
95C5 ,125<<5> GEB45> 6TB (BT69>CD9DED5 5BCD5<<D E=
41C (BT65> E>4 ,5CD5> 45B F5BC389545>5> 5BRD5 JE
5B<5938D5B>
&138 &! ')0+3
59= 13;5> 1E6 25>5> 495 ->9F5BC1<@61>>5
9==5B T25B 45= 13;2<538 59>C389525>
59= 13;5> 1E6 25>5> 495 ->9F5BC1<@61>>5 9> 45B
%9DD5 59>C389525>
+@B9DJ752R3; <5938J59D97 59>75C38?25>5 <5385
=TCC5> >938D 7<5938J59D97 65BD97 G5B45>
5453;D5B @65<;E385> 1E6 25>5>
E>;<5 +@B9>76?B=5> T25B59>1>45B CD5<<5>
5453;D5B @65<;E385> 1E6 25>5
E>;<5 +@B9>76?B=5> F5BC5DJD >525>59>1>45B CD5<<5>
#E385> 9> +@B9>76?B=5> 1EC /59Q2<538
%9D '25BU->D5B89DJ5 1E6 25>5 213;5>
.5BG5>45> +95 495 ->9F5BC1<@61>>5 1>CD5<<5 45C
*?CD5C E>4 CD5<<5> +95 495 +@B9>76?B=5> 41B1E6
)"!+
,!4) ,& *!"))
4!
"0)+
%()+,)
"& °
,) "&
"&,+&
)>?7AG530P19
> 5
C=?637G3<
6 7 /190:316
S
S
/190:316
S
S
+<7C3?@/:>4/<<3 /190:316
S
S
+<7C3?@/:>4/<<3 /190:3163
S
S
/190:316
S
S
/190:316
S
S
+<7C3?@/:>4/<<3 /190:316
S
S
+<7C3?@/:>4/<<3 /190:3163
S
S
);/:: 1/93@
C=?637G3<
6 7 )"!+
,!4) ,& *!"))
4!
"0)+
%()+,)
"& °
,) "&
"&,+&
-/@@3?07@9B7A
C=?637G3<
)>?7<54=?; /B4 (=@A
S
S
-/@@3?07@9B7A
)>?7<54=?; /B4 (=@A
S
S
3430:3169B163<
+<7C3?@/:>4/<<3
S
S
+<7C3?@/:>4/<<3
S
S
+<7C3?@/:>4/<<3 /190:316
S
S
(=@A )>?7<54=?;3< M1;
S
S
(=@A3 )>?7<54=?;3< M1;
S
S
32319A3?
>43:9B163<
>
.B; ,=?637G3< <716A 273 )16<3::/B4637GB<5 C3?D3<23<
/5>> +95 $525>C=9DD5< 49B5;D 1E6 45> *?CD <575>
C389525> +95 JECRDJ<938 495 ->9F5BC1<@61>>5 9> S85
59>
95 <TCC97;59D G9B4 1E67561>75> E>4 45B
13;?65> 2<592D C1E25B5B
6/11+3
)"!+
,!4) ,& *!"))
4!
"0)+
)"$$*+,
,) "&
"&,+&
*=/@A 0?PB<3<
#7<BA3< C=?637G3<
(=@A
JS
S
3340B?53? )AR19 (=@A +<7C3?@/:>4/<<3
<716A C=?637G3<
$/16 23? .37A D3<23<
48/=+3
48/=+3