# "
;93?9+:7@CJ
;93?9+:7@CJ % *736#7EE7C 1@@'3?9373
=7>7?E;?7$;E5:3?6!3>;7:3E5:363C;?9A=3? *% *%7HD3E *E7A:7?@=47CE !3>7D@C67?
# "
+:7%7HD3E
+:7#;DE 35:7=@C;?'3C36;D7*% 8E7C'3C36;D7*% $;DD+:7*:@H$FDE@&?*% +:7%.*3E
!;>>J";>>7=#;G7 %;9:E=;?7
@
#
?E
+@?;9:E 557DD@==JH@@6 35:7=@C;?'3C36;D7*% 8E7C'3C36;D7*% $;DD+:7*:@H$FDE@&?*% =;G7%7HD
!;>>J";>>7=#;G7 %;9:E=;?7
#
?D;676;E;@? ?E +@?;9:E +:7=3D:=3D:35< $EG% @FC%7HD @FC%7HD @FC%7HD @==JH@@6+@63J#;G7 ;D:%3E;@?
H
#
.:77=@8@CEF?7
!7@A3C6J % *736#7EE7C 1@@'3?9373
=7>7?E;?7$;E5:3?6!3>;7:3E5:363C;?9A=3? *% %7HD3E=7G7?
*E7A:7?@=47CE !3>7D@C67?
D
#
.:77=@8@CEF?7
!7@A3C6J >7C;53LD@E+3=7?E*7>;8;?3=D+:7D7>;8;?3=A7C8@C>3?57D5@?E;?F7 % 7EE7C#3E7*7@F=C@E:7CD% J7H;E?7DD%7HD
+:7+@?;9:E*:@H *7E:$7J7CD
O
#%
FD;?7DD%
CE@8E:7$3EE7C
?D;67E:7'7?E39@?% C@?E=;?7+:7$3?.:@"?7H >7C;53%F>4+:7%7H75;67CD% 0@F7;?9*7CG76 +3G;D*>;=7J% :3C=;7)@D7%
C
#%
3>;=J7F6
3>;=J7F6 +:7.3=<;?9736*75C7ED 736'C7EEJ$F5:736=C736J 3>;=JFJ 3>;=JFJ 557DD@==JH@@6 @E;?=7G7=3?6 ?97C$3?397 @>;5D,?=73D:76
F
#
#;87+@63J
C73E;@?$393K;?7@??75E;?9#;G7D @??75E )73D@?DE@7=;7G7+:7=F4 .C7E5:76 %%7HDH3E5: %)*A75;3=
#
#;EE=7@FD7'C3;C;7+:73?6J>3?
+:7=F4 +:73CG7DE*:@H #7DE7C*F>C3== #;87+@63J 1;@?+347C?35=7 $3<;?973=E:J:@;57D ?E7==;97?57#;87 '3;6'C@9C3>
#
'*%7HD@FC
?D;67E:7'7?E39@?% C@?E=;?7+:7$3?.:@"?7H >7C;53%F>4+:7%7H75;67CD% :3C=;7)@D7% +3G;D*>;=7J% %;9:E=JFD;?7DD
4
#
;93?9+:7@CJ
;93?9+:7@CJ C@@<=J? %7H;C= #F5;87C .+#@53=%7HDDE3E IEC3 +:7 ?D;67C $7E0@FC$@E:7C $7E0@FC$@E:7C
/
#$
@I%7HD3E
+$1 C@@<=J? %7H;C= #F5;87C &/%7HD3E+7? &/%7HD'@;?E +H@3?633=8 +H@3?633=8 $@67C?3>;=J
$
#$
C;>;?3=$;?6DC@<7?$;CC@C
C;>;?3=$;?6D# * " C;>;?3=$;?6D+:7@I C;>;?3=$;?6D%3EFC3=@C?";==7C C;>;?3=$;?6D7C3;=76 @A7+:7&E:7C*;67@8$;6?;9:E
$3CC;763E;CDE*;9:E
$3CC;76DE*;9:E $3CC;763E;CDE*;9:E@C7EE7C@C.@CD7% @C?+:;D.3J)73=;EJ:75<% $3CC;763E;CDE*;9:E $3CC;76 $3CC;76
$@G;7
35AD@?$;5:37=! @I 3=E)F=7D@8@?@C34=7'=3J% 3=E
3E5:)F=7D@8@?@C34=7'=3J
35 3E3=EEC35E;@?D+:7%;9:E*EC3?9=7C 3E3=EEC35E;@?D";==7C;AA@
3E3=EEC35E;@?D*75C7E*?3<7D 3E3=EEC35E;@?D
@FD7@8'3J?7
@FD7@8'3J?7 @FD7@8'3J?7 @FD7@8'3J?7 @FD7@8'3J?7 @FD7@8'3J?7 &?7*:@E% &?7*:@E +:7.7?6J.;==;3>D*:@H
+%#;G7
%+%@@E43==;? +%@@E43==7J@?6 3>AFD3ED% ;9+7?LD7DE% +%#;G7 +%@@E43==7J@?6
"
7=@H75<)7F?;@?'3CE&?7
7=@H75<)7F?;@?'3CE+H@
7=@H75<% 7=@H75< .3E5:.:3E% 7=@H75< )73=@FD7H;G7D
#3DE$3?*E3?6;?9#3DE$3?*E3?6;?9#3DE$3?*E3?6;?9#3DE$3?*E3?6;?9
@?;C%;5@=3D397 A3C@=77>FDEDE@A39C@FA@8G;@=7?E5@?G;5EDH:@:3G7E3<7?@G7C3EC3?DA@CEA=3?7 *E7G7FDE;?LDC@<7?*3
FEFC3>3 +@D: +@D: +@D: +:7@>76J7?EC3=)@3DE)@4#@H7 +:73;=J*:@H% >;6?;9:E% +@D: +@D:
3C=7J>3K;?9$35:;?7;==3C=7J3?6E:73G;6D@?4C@E:7CDDE3CE35@>A3?J
3C=7J)357E@E:7+@A+:78@F?67CD8;?6E:7>D7=G7DGF=?7C34=73?63EC;D< % 3C=7J3?6)357E@E:7+@A+:78@F?67CD8;?6E:7>D7=G7DGF=?7C34=73?63EC;D<
F?;=J@5@!@?7D+C7G@C!357D.;==;3>D *EF5<$;66=7 ;C=$77ED. ;K33C6G3C< " ,?67C5@G7C ;C=$77ED.
C;7?6D.:7?7G7C
%7HD%
"3C63D:;3?D=@@6*H73E3?673CD "77A;?9,A.;E:E:7"3C63D:;3?D .*%7H=@@6 %7HD+:74;997DEDE@C;7D@8E:763J;?A@A5F=EFC7 %
++7??;D, * &=J>A;5+C;3=D$7?LD3?6.@>7?LD(F3CE7C8;?3=*;E7,*+;==;7!73?";?9%3E;@?3=+7??;D7?E7C=FD:;?9$736@HD% 0 # *A@CED7?E7C *A@CED7?E7C
*A@CED7?E7C
.%3D<7E43==':@7?;I$7C5FCJ3EE=3?E3C73># .'+'@<7C=@43=3D;?@:3>A;@?D:;A .'+'@<7C=@43=3D;?@:3>A;@?D:;A 3D743==+@?;9:E#
%;9:E3EE:7$FD7F>3EE=7@8E:7*>;E:D@?;3?7?*E;==7C
$3E;=633>;=J3??J7-;E@):73'7C=>3?$3C3.;=D@? +:7=F4 +:3ELD*@)3G7? +:3ELD*@)3G7?
:@AA76!F?;@C@3EF>AE;@?
:@AA76!F?;@C+:;?<;9% :@AA76:@5@=3E7)FD: :@AA76% :@AA76*H77E*FCAC;D7D :@AA76:@5@=3E7)FD:
%#;=>D%
, * 'C793>7 *@557C.@C=6FA(F3=;8;7C+C;?;636+@439@GD ,?;E76*E3E7D# +@7??@F?576 $#.:;A3C@F?6#
#
$#3D743==%7H0@C<$7ED3E;?5;??3E;)76D*;E7C73E>7C;53?3=='3C<;?5;??3E;&:;@#
)76D'@DE93>7 ,=3D:435< .'+'@<7C ,$;@5;5GD &G7C77>
$
3AE3;?>7C;53+:7.;?E7C*@=6;7C3AE3;?>7C;538357D3?7HA@H7C8F=7?7>J3D:7DECF99=7DE@F?C3G7=35@?DA;C35J E=3?E3'% E=3?E3% E=3?E3 E=3?E3 E=3?E3 E=3?E3
#3DE$3?*E3?6;?9#3DE$3?*E3?6;?9#3DE$3?*E3?6;?9#3DE$3?*E3?6;?9+:7$;66=7
+:7$;66=7 +:7$;66=7 +:7$;66=7 +:7@=67?;C=D +:7@=67?;C=D +:7@=67?;C=D +:7@=67?;C=D
@F?E;?93CD
@F?E;?93CD @C976;?;C73?3G@FC;E7D @C976;?;C7FEE7C8=J*H@C6D%
=35;E: =35;E: =35;E: =35;E: @C976;?;C73?3G@FC;E7D
3?57$@>D&?7#3DE3?57
3?57$@>D;C=+3=<% 3?57$@>D% 3?57$@>D 3?57$@>D 3?57$@>D;C=+3=<
C3D:=7E7D
+:7+:F?67C>3?D %;57*:3<7CD F==@FD7 F==@FD7 F==@FD7 F==@FD7 C;7?6D C;7?6D C;7?6D C;7?6D
$%
*;DE7C:@@6@8;A@A
*;DE7C:@@6@8;A@A *;DE7C:@@6;A@AFDE=7C$FD;<%*;DE7C:@@6@8;A@A *;DE7C:@@6@8;A@A
#@G7@?LE@DE3+:;?9
?<$3DE7C ?<#;G7 ?<$3DE7C.776;?9&FEE:7.73< ?<$3DE7C+:73>779;?D ?<$3DE7C% ?<$3DE7C% ?<$3DE7C +3EE@@%;9:E>3C7D +3EE@@%;9:E>3C7D
%%
C3?<7?DE7;?23?E3C@?5<:3CE;==%;9:J0G@??7*EC3:@GD<;
3C>33F=8;7=6#77@C>;7:3?7J"=7J
&5F=FD@CC@C"3E77*35<:@88C7?E@?+:H3;E7D"3C7?;==3?
*FA7C?3EFC3=%@H
+:7'@EE7CLD+@F5: +C;?;EJ3>;=J G7CJ63J?DH7CD !@D7A:'C;?57 ;==@C?7=;FD#;87 'C3;D7E:7#@C6 +:7*A;C;E 5ED@8@6 .@C=6 >A35E
*7;?87=6
*7;?87=6 ;93?9+:7@CJ ;93?9+:7@CJ ;93?9+:7@CJ ;93?9+:7@CJ ;93?9+:7@CJ ;93?9+:7@CJ @?3? C@<7;C=D @?3?
*3J07DC7DD
@F?E;?9&?% @F?E;?9&?% 3<7@DD% '=3J:@FD7$3DE7CD%
@F?E;?9&? 3<7@DD
3DE=7"?@5<@FE
3DE=7);D7 3DE=77C@7D3?6-;==3;?D 3DE=77363D7 3DE=7";53K;?9F>43== ";?9@8E:7;== @4LDFC97CD @4LDFC97CD =7G7=3?6*:@H >7C;53?36 >7C;53?36 3>;=JFJ 3>;=JFJ )@4@E:;5<7?
)@4@E *BF;64;==;7D
! "
>AC35E;53=!@<7CD >AC35E;53=!@<7CD >AC35E;53=!@<7CD >AC35E;53=!@<7CD >AC35E;53=!@<7CD >AC35E;53=!@<7CD 63>)F;?D% @7EE7C% 63>)F;?D 63>)F;?D >AC35E;53=!@<7CD >AC35E;53=!@<7CD
!
%
* ..*>35<6@H?..DFA7CDE3CD6@43EE=7;?=@?9CF??;?9C;G3=C;7D :C;D=7J"?@HD :C;D=7J"?@HD $@67C?3>;=J $@67C?3>;=J $@67C?3>;=J $@67C?3>;=J
"
3D<7E43==.;G7D#
;EE:7=@@C+;=73E:@,D'3CE #@G7
;A@A@CE:7#@G7@8$@?7J #@G73?6;A@A@==JH@@6
C;63J@>76J:C;D+F5<7C%;3#@?9 57F47
#
@AD
@AD
7E*>3CE2@>??73E:3H3JH3J?7!@:?D@?*E7G73C7==
7E*>3CE2@>??73E:3H3JH3J?7!@:?D@?*E7G73C7== $7E0@FC$@E:7C $7E0@FC$@E:7C
%3E;@?3=+C73DFC72
6G;3?7"CF97C%;5@=3D397
*3??6C73D25E3C=3F9;?@H3J?7!@:?D@? :7=;5@AE7CA;=@E3?6:;D
7IH;873EE7>AEE@C7D5F7E:7;C63F9:E7C38E7C3?73CE:BF3<7
3C6"?@53<7
;E;?E:7%#
*AJ5E;@?
@>76J!F67#3H)@D7JC?7$7=;DD3$53CE:J ?
F?3DDF>;?9 3?3=JDEG@=F?E77CDE@9@F?67C5@G7CE@DE@A36736=J3C>D673=7C
$
$C 3D743==2@>
"7?+3<3*7==75<
;7=6@8C73>D2C3!3>7D3C=!@?7D"7G;?@DE?7C 8E7C
:73C;?9G@;57D383C>7C5@?DECF5ED3>JDE;53=43D743==6;3>@?6;?:;D5@C?8;7=6
+C@F4=7.;E:E:7FCG72C3>J63>D=;?E3DEH@@6 ?39;?9
43D743==D5@FEE3<7D:;D63F9:E7C@FEH;E::;>@?:;D=3DED5@FE
+:7=3DD@FD72+:C;=
;3?7#3?7#77=77*@4;7D<;
#
*AC;?9DE77?3?6
@5F>7?E3CJ
$;?FE7D-@?$;==7C;D;?E7CG;7H76
34@FE:;D5@?EC35E6;DAFE7 %
?D;67E:7%#*777I5=FD;G7%#;=>D
:;9:=;9:ED@87G7CJ93>7 %
=@C;63*E3E73==
%
=@C;63*E3E73==
?D;67E:7%#*777I5=FD;G7%#;=>D
:;9:=;9:ED@87G7CJ93>7
$;?FE7D*A@CED
&
'@H7C+CFDE$7
+:7;9#74@HD<;2@>!@:?@@6>3?!788C;697D =@D7C97ED
>;I76FA;?36736=J<;6?3AA;?938E7C47;?9>;DE3<7?8@C3>;==;@?3;C7
'@H7C+CFDE$7
?E@E:7=F75E;@?'3F=.3=<7C*5@EE33?!7DD;53=43 9C@FA
@86;G7CD3C7E3C97E7638E7CE:7J5@>7FA@?;==;5;E53C9@;?3DF?<7?A=3?7
&
=7I3?67C3?6E:7+7CC;4=7
@CC;4=7%@@@6-7CJ363J
;97C@4@JE73>DFAH;E:D@>78C;7?6D
;?5=F6;?93C@4@EE@8@C>343?6@8:;9:E75::7C@7D
+:7)@@<;73>;=J)35:7=C;88;E:DC;3?@I7??;D(F3;6 43D743==5@35:
675;67DE@8F=8;==:;D6C73>4JECJ;?9@FE8@C3AC@87DD;@?3=E73>
+:7=>33?6#@F;D72
C377?33G;D*FD3?*3C3?6@?
@J:@@6C3>3E:3?3H<7'3EC;5;3CBF7EE7==3C@=EC3?7 DE@CJ@89C@H;?9FA8C@>4@J:@@6
E@>3?:@@63D7IA7C;7?5764J34@J@G7CJ73CD
+:7-;C9;?*F;5;67D ?LDDF4FC4;33BF3CE7E@8
?7;9:4@C:@@64@JD@4D7DD7D@G7C8;G7E77?397D;DE7CD
#@DE;?+C3?D=3E;@?+H@>7C;53?DDF887C;?98C@>
5F=EFC7D:@5<5@??75E6FC;?93H77<;?+@
