J;-G2.
1L5O*>
63=8I'1))48H*46-8>.)%7
12%KL<2-5)GH:)M'F/J6F646*7;O+/&N-H6-
H=1,18<7>453
L,0.5*31KM:IJ5NOJ12,=979I0'5/;L=<26(LJ,75'4
1)I*J*:
'.H
JG*9<IO(&O14K:M69;8O%3LN/+6'>&N35MG2/O-5H*G&5;J.+27>+K3>9'LO
4.**K0-'M=I6<%,G)8O&
+:0LH*7
6-G=2I=
LK(18<6-F*K9:'.2LJ9;9;K4031MOF7)G4H396:,
663G%(J7O:3K<59K4L'<<O9
9-7F2I&3=;/0L/:+MLN<=G%)3+MHI'3HIK70<L9+82.=5<=:%;;7M('>43)G
7G:FI8-&8>4J)++9JMI<>-)+>.4
/M./,)9-=+N2'I:*6,%2+./I+
F:'-=JM92
/5,/)9N:'%G);(GO)-=*-+034H5'3)IK95J/G%2(59(N:.958L-;0,>=6'O61:5N44%>47-12
;L.;&%)0.I6'(4;;+361,NHL0/(8NJ'%+M
F)8*8*8-1;6:>N2JN.,4&/M(;111-GF/K.<5+7+05>8%2>4HI'9/(,7*L<LI;=LN'G:J3,2
(:-4(*>
40<G,J
.G3J&M86O,%/*4,>4MJG92KH0-%6;/1)*19>;I>>47
1/5*LLL/IN
/92+<9&)'2GJI3FIF:2NK/<%(+%.:L%6:J'FNO)K3'>(.;M=,:4KL1H302GI
'/O=:=/9(K09<=8/;J:16(11,HG9G(*O+17&9/G',GL->&GI<:(I(2<9M/'&>LL-;7)(
<G)5H7=K,
<N>>GJ
8MN;(5.9>*8GL>&H/)5(<+F*)/O87J+533
F,M.=*1L&0M(3;'.J8%;5<.0<5K*5L
6-:>33-2K&*,8<=O):<M+9*IGO(0>-<J+O5
698'8O**I<%+-N8J5FMJ
2%ONKM8G/*M:8IJ3-L86F,I3JK>4/+IH.F/83LGHI>J
=IHO(%=L-.F%H2,,H)>9*+F%,:/->N+MK*%K3.+J)=>'<.L.<;+8771K6FG6=:6J
=J6)0,6>,K;)OO1J1-FO49&I48:')<J;1=>)-M)0*L&<%+O8L515L1;9,M;
0-4,-4L+I)*.&55,O2;:71K3>=5M>;)I25)NK8265NN*G0&;IF&<5J59'
7=*7ON9;16NH6-L*5(-O.//N68K2K=%I4N;FIGF;&L/0&J;M=69*9)48--3.L*<.)5'
F/0:)J&KG
-LIHLK=>1241
5O&*;+66L(8ML*,J(6/>0+I57<1&I4I9-70OJ%0K2I.F:9&(L7/'NK1G5+7G8-*3<:O8
F==-GLN2FH9,61H'.=0)GLK
-59-GGM,*3L7N2I59H
%'
FFI<-,'J30:)*<>-,L(5'H%.=F';0H4(;1/NJ1HNN(>&5
+.12
:&=<I765>.2/%35.9.5
*F7>%95>LK2HH<5%IN-'N:I47(L6;4H'M1-HIK9(-7+OO.F0:M;(/
H5%();<:1>I%*344749O1/:K:1-I51'N1L;O+3KN+1,%.<..;
.2%G),68-=MFM81:F>)M6</&9<G8,589;L/2=(M25.JG7G'=&3:KJG(+/J/3H-4&-
983-K2)4JN6;+HM36.3%F6M%>**M2,F>.N1I=<&%/%%+>L/FF/%6>,MH/0HJO
F/K3736/O'9(L8&L;9<65>..JF=5(5.N/&()<%I23)0H(I38<.'K()H),&,2-L>N
9G'HF;M4F4LO/>HM)=G0&09%-K.
5,M/H%/M2(F-.&/NFJ882.>I2/>G';:&O/;5-*%
1FIG/K*+6<G');.5/1+H:.(:5G:%F9((>&59'>+,>%0*(%-L31;,00&K1&(N2O
N3=F+1,:O+9//J3,>=,<<7
=89>KILL9GN5H6O09/FI*,<J+&7&..9:O)=
KN0O,&O67H)1L13JL0&O5:5,
M++M7+%'MN=8-5<>I+/
-21O/:F5'.;,K'9N%L;(&HJ6*5.4G;M/&0F0F9F%/&'>&L4>*5</O'*+%&NMO.F9
O<GF4*06H2*9MMI2,94
;;1-0);7,96.K>-*31131GOG/2>&&621N'I1,9969+N3.,G6'F+<8=OO4>'+&2*G(
+K:III)(M9-*(N%&
'4
&HG6%4H
5,1OI'(4/FK+N9&9.-9=LL*I4,(F20%.859+8=+FLJ3KJ(>
N)HH9G2)K->3ON=HKJ-=GO
HMO3(N+MI.H5J+,&14L8<;8
%;<5'M'91
7NG>><,4%:;K:%9I82:386F5N:(I/&2;+3MO-7.;8*O,,F-/I5;(4769I3N0059-JH-./+1
*J'>0.&K-''2J;G;:6,(9
&L(=8I)
5I*(8;N/0
K/;F0M**<:6:&'>,=K5K,=4)K<>68M5>LJJJ*L&M0:83/9(2IF%/F
:%8L*,=8J.'G1.(:5FJ44N91I>513N<)./2M;8+3:2K2<6F
3(N+2>8MO7
O0%%
4;.<:K5=><>0(=I0;5-1>31O>M=>:2<=>&F9G&,22K5>8F6
N<I+H';1NGL2,&)3*.K1-71I4;FJ/&
%;.>((O6G*',KHF(M
M8%'I5J3K
9+'-./84J)F<98NM+>>25I(5:N,0GK96)07N<,(,=LH7%3.O2I6419M6,:
*>+JF>)N4MGFO0+1O-J=
ML8<,HN50J'95O-GKN8(-K31:JJ1'<H9(L(G5;&+&6OF4(,=4+1HIF*GNL=6I=&*
-NI9F=))1FO>),.FJ;5L:276L4
+(K3,%5L94O40L=L&276+O)5GN<GG4'
/,4,379L<><++0&KINMH:IL6)39178F>:/1H:.1<5J&H&K1O1)&JK((:)
GJ-L7><IIIKHM
)M>%K:8M(I9.H)%
3665K7F2=6N5:L;GL+G
&,/;))2K1-I),86<G*6H(&,O9F3(-5&3NLI.H1LFOF<&>+;+>9&I(2GJ%/;4FL2G8<
4KM1(NN4JGK56FK66I+'4F=/MNKM9.<HLI)'F>66%:H-;/7LGIG-1I6/',&5'L/2(*
O3=453(,O<6HH%(:-<KI'J'+5K585M,L%5L,
30;/,M<F<L6K>5*/G&.>1%;399*JL.0(,(<%LLG;F2*;N:>
5N;GMK%I1,)9>-*73;&4I7/8K+1.2:
7/0=;(O8O,F=+F>N*27.-5/L+&=<=ON(4)4
028:&7F9N:L+/M*+,K;17<-+L
O&1%&&;4N9.918O3
M'O90-478<HO'M:&H'>)O50;(-9'
87)5;1)3>>)&31H/(O;*,.
(<..>:+,FJK2GOG*&%9&6N.M106%>39&G&9
'2=-J-5I1&=323-15HH4F5&H+5,=='2-IILL(IL%*71.H3>0HH3F30L.5I;<*N2.
).<HJMFKF.,MK;JMLL+(LK8%+NI)G7O79&F%G=5M;>3;/F7G5+))8I0
K
=O;K-OJ%;L9+:K9LF:17<L=4
J;GH4F9<>-;NHJ,<
:1HH>7NL253N.>3:=49;LNG&-7>MONL6&4'GL4MF+3,N'**-;;4+;,IG=N0
/OI:+/.+>FFL4'H=FJ82;-+76O>.2(%H)G>5891H<3G6/+1HLM:,6L6%5L5/17
;/N;(9(.(
G-30,/'=%*/339(5<I.-K,)+*5>*N34M,M2
&H
N'JI'---:LI&59GI51G3I,=9=O-<G)F(I';M6F35:9F*(
-2>-/<<&;N=H.J&4:K)I/2(%G5I*&)G9O(847
-J-:8J9H320;6/G>I'F'78),:6%05OL%2;&'%35&J-H(-:8F0O;%5
7>G5.=M.4+/I<=0M2<FG0=
%IN<7*9>J,I(26.(/N>9%2L1J4:&>+3*'/
H-/%L<-49F4O+,:J=+(H:LJ<8MGI3G*59<)2*+G26,+F8;0L<F5/.>L%74
O&9
+(,97*2+87J<IO3=(%5)7:8H55F;I,.GKI+46O&9%6.3H(H>L-LLNG&):
=4IL1KJ)GH0&O)J<F5G4M((LF.(-5J-)M)>-0G4I4'J++3:78;2IMK7*M+)5G:'5&=-
&,8+G8/
J)NILG(42F4'<O6'=<,LO:01F6
0L'F8N4
<)5,%
>J49;=/+74
/O6,:%HKKM%3K>F/2M5&3
3J5K&;
N,5+7>OO&G*7<,6J*<6LH3L<6<48%;<&GL60+
7%5I65*6/<H9=OKING)759>-N98LGI*<=,+-
9-=)&:&,./II;7.'-O,.%K.5*)&N=I
()N:5.;>+L7:&.479I7%76JO7+L7&);1JL9,;67G3.4)0%O-<K
N'2GH<,-
586878%N/876-897>=M6&62M,=3K==611KN&;<;/:5'%1%I;<>3G%&F.,M)500N
H)O7'5620:6%
3169;KI51936L+9*0*6I/N/K8;=33.H.F.(*=9,=*F(3<7I>JIJML.;'G(,F-M+
(-6+3;M'/)HM<1(59+>N3*O:7;;M80+.J+66N'<KN(<&5/6=M58=L*M08:
55F:.2GO45&*K+2N1=;&FF6N%3(&OJK7&<93&
&67IOL7&&J4<.<
;>N
NM:1(N,1;I)G*FJ<L'JOG;K%.+&'.G,&4O+M,OJ'.;4&>:2O)7-263*&J16'/*0
930)/KJ
:/:2&=&H-9FM*=OF2/(11-H/&=<KI>/+&',HI%;N:'%;/=><7+)-,>%-&65,,3NIH
91L94OI)+69O><=6>8<2F<>=II508-))G+05)&3K-=
,(%5F(1/-32
/7;
5JN;II:+
78'I%*)/+N;:2JM:/=2+723)69+;K195H:N/8J863K+K%LOF%
I>+M8,<I;;'(&)O**7JO,'(L1)59:<J5(H,O&&.H./;F)6<<5/496I42&,;4<M2;+93<%
9+66I,//%OKJ0F)>0.2:J
27&2*O&5I5=(%:9>29I&+4(;'1&7++7K.>KF543H'0(55O,M8;,OGF7JIL>K(O3&8
=.I%41(2+H'N(M4(H&4.G60H->8+KL3H17+5
K&I+I&.8N-9O0O;/3%8*/HJ/FLNOM&256.JH:N>52-KM
J4-;&)&4N6&:FO4LO)4'+JF7*)-KH&IHHG1JN420-)9I/%4.32//9*/(G+H2*
*7&.I02K0>6);1-1O/;8>>5=;LIK-:&:)(JG(J
0H9NH7M5(JO'&O.&+*7.K'5IF>3I8KF.<J&4I0<G6FJ932-H<5&'I
IJ9+J5/J(662K4'I'LJ2JG6O-+M:;*,.&0;)6*M3>J(-JF*
NO<2%2%:28
>5:GK90&
&,7HM=L8K;2:I91N32,6G)0=6
JF1*8%&'I5>99G;+G+9=M:89:
6;*)%:0'M>I80=8//864N30KL&OI95(4-'*4<19',6FL99462*5*%6'1>7&.L'O,7L
F0&6G:GI45+H712+O&%=),H='9
2+6F3/7+%'FI=I)LJ1;0''L7<%+.,(+;*F.':I9
<J>4F%'==0%,/*425<,=2
0H-7:IL;I:N%563%+.G->F/OJ2;'-/FH71O&J)<4I4'OF%8'KH0;LN'2<<
46.)F;'9(+K,1,%N=01HI28OMM17429/H,L65,5J>:JGMG1MHKK:G7-.;>.
:*11LJ*16L82<33-0((>.
OOO8HG,/N+),><23LOHH3<KG(H:ILN0)I&K</
*%(),5+05/6->L1LM9L>J%>+F
J=4.;+L)I0NOIOKM)1<H0/LGF
2='-I5HK4-=NN3OM>)F5*
NN)<12I2L09G8%KM(<-*/
NL8.)F0F-=.8K=G>0.KKIO;
+/;J6,<H;%M=.%LI(*2&<37<HN)KN>L.O5<HF:3*
)>/=&0,9%N13K3J4>7+M&K%)876NNM/--O*K&1-'
&;%7+)
2&IL
H>)%089-5(6MK>K88(&=)OHJ*GFHL6.9L6'.F2;
/*;:'67LJ)
IM-<1,'14>152NN;%N8IOKG&08J+I9(%,-K1;>LG+1'F2O:G0106G&F/OK6:F
=)J%4F8&/5)7O.2*<FM
J1O&122%9.H028.0M651+8HOG.L/<I:'
&OK&'N'G&7HM=-/G<+*F4J8-1():M
91>I8LF,N:
F%&22K3L<0N65H%5=)3'&.H/K52;%
5-==)GN-H%+OL%NH:29>%L5JH;N2G1NI7J;F65*<L/(F:1
.=G=:(=,/('13/*F32%O3=)%G1/2&'L9O2<J;NG=;G,=7<:NF8>GH/J.,
K/M2*'4=K9K0=%0/O*.:%'/./;/N=9>3;<.N,3N,/M=;+5,64->3.MO(.8+<%M6
O<K,4I5;.M5=-FOG1GJ(86
8=)<GI<;N,*)GN/M&87=5:2G-+)J2->F,J1-=23G(N-2/L9>8(7::=(=1<GNF38=;N
OH54%6H4F1I'*=%:4&;O/67J:24,NK58'99,L(=37J-,
I6-:*8272;3(I;I10>70=I/'=6'599*950G+/97<89'(6</K53=5=%:5::M/N0.+&G
-G%62)(;'&2;<H',(HL'7%-%0<=M(8/79N,1+
59M)FL&I<O%H%,78J/06-N1&L19:3
&12%/
M%I
M4K>,:6F4&IN,857K.G8OG(+*,<GG&L02L7>5=+
542:9::
O;L(,)%)+2
3M/J
62GI29(+925,+8;(3JL(G;
F7.(
1KG7.I.,0L**7G'/.6F:5K
0,;'*O9M76:MIK6
'7(1+/,/<*9>F
/N3308GNH'.O.'6;N71,5)5MK0+3O8-<
FK:H70<H4M<833>%..G'6HFI/*.0><HF=61'MJ;(G)KO9N3%&.:1-&*FO6)%
)L
;&+5JF77=99917
-;7;508+2(>M5ML,)63%>M1&L:KIM;7HG+;J8)2=NHF/5-(J7G6-<:3=N;1.4
9-../'>>;(3+</)4,N,/+NH8K;60I9J*9IOJ-63,'/K
('2<O%=><5/K&KLL7L643:6%+433-K5L1)(J*JHF1.N*+;J60;6HHG;L>
3:3;;:=>H.&6HL1M07;J'I&,
6,:-=-=4K6F0)=J/M%H6'F-M
57-:'OOJ)4:>&)2,%27N>NK77&0;(O%'G<-
1-F=68
HL15L&3-5O6N,:.3L'<,:O:'+=G+M-2OO1'>.+.H1
:3-O<0J>27K+H,H%G(8.:';71/N3)J&-0:K+'=*=KN3%/5GH7:/12,9H89<-1I3
=%(K5*0-6FF.N,7-.-F&1K+
0(8;.F>':-(=O--MH4:69F%9,7/.52>=&
KLI*ON%7<))(*,F/(820;;62,7N70,F75M498OF8
+*:&(.,4NF;2H7
;&&-/5(=1//KNGM6I1JNI(.F/24O(5:'7*1&N,*>F.,=*39)1J
.MMK1.L+G<</2K)/:/GN-<>NF'%M&4H'58&/:K:.):I=G6+:N6**I7(GKN11
ON)NL-;-%//-4G0LO6>K&
L8,FI1,18K<N-/F(9(J'6-2'35%
%;/0L/
J05.7L*K=MM=:,.6,
OGLM-,=90>K-,'/*-11>K%HO.6O+1O)+,N*G4/<0=>(L3.>12N32;(<;,;F>G%:
KNKF4O:=613)O8<)9L
N-%7HI=L.'&7&,M
+.;7328',0
=KM*1(:N:<G5&L).&K
F<'M*=L
773-99';-(OI8LFKL<NI9=+M6,G'2JO)0JH3(175-+3;9I
&/(7*5'722G'K(=;IL//L7M9,)9.OM9G2544H<+,0623O7J>KFF2H;:<>G3%
=->6(1O=JM3/.55:(4236J>9K<0)I&'3->4&
:2>K/3-FFOF55.F8M,-G)6&JHH(H65:)H;F'53:7
1<*6/834=N3HJK.N+1(I7*=,/3=>,:HO-4';I2:57OJ,;426%L=M+L0-)M)
H=O2JH33M-,*G<1*G=;)&:76<7<)2I:+4&2,6F-30*1:226N.%-:72+(*N
)8'O3N1(7)H=21L0JN-1FM2L07FNF*&,-F)L479&34ON==7>%MF5%(''%%6
N-+
;/9,7>;%*0H4955K%
>
9F&,L*GO'3,N'3+.69*>24%6-/&<=*%;,6%FMHIK;G46>:I6(I0);*K2H/7;-=&08L
34>O2O)JO%
-&7+J,<96979H,&,7I+&
;>*4'%J5OGG<1M2+1*F0J*=.84'*6NO2(*1%MJ*G%M++3G-29.)-F4*&9:+.0(
+.J2.79O&/70F.)J*+H3L954'3O2-F.
:/);+:2=8(
=-&=J>-41MK2.6<
;:I+F>/
K=9*GH7N6+,I&1KI1.F>4N39L==HJ.(',3(FMK=
665N
:2=3/12(O8IO(7I=%.7G:I5,:)1)7-&%-
:GI/KNO4O36FHG:/1LGN%
+GLLM5;O'+27;6J1K72%/';,'%G3>3.''/I(H1O7+4I6=M-3;0*(;;(<J=JF++O<
7=F.;5NO0O=44,;F1HL.J78/F69/5135**:0
:502/44=/0
(8GLF/
,+O10'55J,(M8JM3:4>N4
*'2F
&(6:)2.().-12JL84,/)::N&9%25J)(JM8=<GF0>.FM9>=+2L%139)4J:.(,29IGI2&6
%I>'OG,>12K4/<+.76%2L488:J;<H;J-;,8J-08**;/J9I,%4>74N'-OJ>('5(J8GNGN)
/G7'9<940'F:M+I6>,J9O,1F</0K-O>O412464.%3K82I+*6//&/6.((+,NFG(-K
84H
G)'-I/=7(&(:,>:GK<F2IN<+500LM74<NGG5%K;K4=%K0HJ*%F4:HM31:-H..7'L
<H-+J+(>49
GJ4F)O<<&:I)J07<N&>40N=3(.7=I+2%4:0/4I<IO<O-J)3H:(<+M)*0K>9
O>I8M
08;(.,85:/51=%,L<N:8F,6-N8F%'4GOO;0/M4;,<OFF5.O,98;.*2)350;/=.2:9%
86>69O:'3%N>F3=4'N
793FL5+0M'=
111LK,%
7+9IMLF5;FI-F448:.NL;K4F>,GIO.88J+.7I2('8M9K-HO5;44>'2
3F'*/G:/8+H%'69>+J8NN;7L&H-3*L')=8-+K(;-O(M6I1
.:98M&H/G5'/L*:6=N>2L4/>=,-/LN5
++4,/;2
GN7&;I0,<&:330L%7%%6'109,%M4F;HL*H-3(-2'09K/GN%5,%'
0><66
-0,<0M<O07K=I0
F&-I3
.;->JJ:/95O-H+&4<0%I+F>->(,)-MJ.3OM*)9F59-JF/8.78G2'(%O)'G*L+**NMJ4'6
5=+&9=+104%=2,H2G*'&;1JM(0==K,F0.>-H7=91L/1
1=)J=80J0N4:),LNN,%:M0-<':/I:M&N1/2J0;%HNM.24N1JM:F1H+K0*G.9<
9>0J5*G)4,I-=4H+*;KKK1&O<4--<2.):;-NHLK,)K,>+4%O/K0)(N3JL.;=
))&<7I.9M(*0733<-2*IO'%GK=
8F9M2O%48;KO3-
%HM2GN;J+1(:<F;87'-5>H=I/(:<J7
9M8I//9/405:;4&6M35&93/):&0F/<IO36N(
5(I6>HN43G>,O>)H(.52/J)7H6GK4-*HNM.O<F/.0=&;40K2*.(1KJIG>0
.=,&FF+=N86L6*HL('97'>2.')%&32+7%NH+51%>9'+8,F=':M8(N*6=0K)O>4
0:*I>+67H-FL-4%.L&9G-J(OF;.NH:
%LF-F-M(I&GH2L'>L15HF2)>
>*8;-36&:<<&50922L6&<IO7KK;<K)K0J7KH99*)G)LO'OLJL&5(949>-HIF3/*
*NMI(G3=I+9O-HO+-/HMJG8+2
2K92<3<3=%65-3:FK(IH3<:8)LL6(
F57N4%=/OG:*<&O)INN'%8;3N%:)HOG9'///2L8770%:918H9G:>F:*;4M<<',29
4(+476&60-0
KOK5,J%3*I,8:9/<6;+,5*H*2G1*&H>:30/
J,);<I>O(L58<K8OH66&2N:44N');I->/O
G:(F8-<+==5><I+G(8*/*/3
J)N2L44J5/5'+
%'1
4:)>49<9NF%I84.J(/<>J2HN5(+8M
70N2.I:<0/8+<M)<F56)(95I5&LH+5-G>,+;0&
9-G06;L
G*N19.%9/L;O3.(K0%7)KI(<)-5*3522&'+N%H50,4M)68O&,<=
:('N/4*'>8L)6;>>972M0L(&+,/*6J3'H',==%O.*
+,'J>>>2+I%.2&2&L'&K72
MF75H&5>N/.(4&3*=L1'(=,8'K<O>2J&7(-/2;O-1
790=MO:I;M>>O*7%K(7H4'880NM4%:=,%LN:MK.'-9>7
(<)F-H+F6=F->35=,36'6<L.4:1;F&910;%*F.N.)4O/,%L+'./.L4,M46I-GO,K:<'
HN30:*/&>NO=2FH'&;FN/6<)55)-:J&I.&6K&3L:+LF=*(6I2I,'O:4,H+-*K6G(&%:
LO0=L';;.93FK'=2,0O9G80(56F'JM84593-O04'
<8=.I)KJ/M-I0&+F-84)M91,
OL&NM/H80)52N39+K*0N0,0OH7.9*0>F5%M/FF;;G%;<-1:96=GIH:K/;K3
799L;
H:7<+(
&1G<I8>3&1+5&
)77L91;+N/,.)LI):J36GG+I%5*/8I-/K7I:808%HNI)<+=>:.F-IL1'/8&NL(5%JINK=61
.)+0O5OK9J=7;&/:=8)2+;N1)(,=F>*6>:<OFN,M&;5-/IN'4OO4%.4O&F,(M6,:&
G2%;=%G;2H1->'I-JIF'&+N)';G>4+.H>7&2O6/&1),*<'N;';7>,>)<9K.F<H=IL
0*F,1H*I')G9.1(;,.(:/+06<JFJO
:F>53F0%*6.8+<3
3&'
&033%ML.ONLO-/)*H*NF-&/5F48-L8+-<<453-/N:&JIF<22M.H/J'&0M=O*,GI9I.6:
>29=39O5G.
>&KJ<<F(L8=HNL8(,H)&-:M&;.+%M(>%-&121>/*0-,0/)6N.3%H*,>,-H(+O8
O,2J)8/)3+J&*&F,-;8I1,6%0+1=J46>N).0'H9/,>1
9M(
;5>(KF-K*/KN3>M3=(&
(-8,('150;IF%G&5/3:=04%J%GOJ>-LMIJ;127->F<>I79&6>1M-.GN8'22*G=:
294%;:*-8)()/227;6;OK
,H;==53<ML,
(M-&95*>6<0<5<HJ.%I
1,43L3O2/44O:&)FH7*4:%'-0/
+(JI8'44.%(OGM(.H3+-1.::6J)-21&
59(:I,101.&*'(7H,(3H+JK2/K6:F-2:G(&)M34H</6GM4./K(K,3I=4)*L;GM;'
&2L6H=:+
3G:HM-/5+*/%2)2158%:..:14,2K%=JO9+M(4J%O,4/'/9:;M<J:4;7084&G%O.1
H85)'
,K<F0
G/;.+%F+%G-9
2I;.H:8L):)'>'J05*%0=K2';'7*4
)(-8=4.MN;J3,9N,*(K%>*80*)H494
K=IL*:K%.7I7).KK/*03,27G%J&<MJ8=,M;28,.-*<8L%
5+9&)H43&.&GO)*&3%*H):5+40>629I7K)18(';7,
'&;8HN--(G''NF
M54G5<FIO=LJ'-0F=&H,/H
>H46=J=JK+F7-I
<3==05=>7
*K)0M-1&+NLN5:9=-&=2:+J%8
+G(O1OFNJI:4)H>M7+OII7,>=/)<>-
8F;G<263%-OHO
,614
/)H>./1*K'1F;7:
NK+<)I;0
+'&H4N>I*6=%L'6IL&
&46OI;HK/*J>F--I'
'>'OI6,L/(52H*OH4(H'9'(7862,9-J;4(%97N20L)M-KI;;F>78714/,*NK,63
N),=,404K41
7L10.O60IIH5*-
L+K4L>.<ML:8L1:NHOJ(FN.
-J//;H(8OF%;OH%GG06HL9F,&%(J-+L9;*ILI2=-;H1*M=:251;H9MLM511,
G<O*'NOG+4K15+%<=)96J4(/'=-<2:&49'LL>0I4;*2,6J+-2,%%%*%O,>&
K:
H'8N3-H;-N<+M0M(>&-&*JO*N/
8<+/J
=7H/%1)O>M<<&;,>9003):G*9.O+(:'J532L:MI&=+N0-I*JM)15,/<*9'KL:F0
=&HKF/21F;%7LH.L2%:
=O26-*N=
I42MG1.O9<6N7654L<G0=+K'36I=7+I)%
;H.2:
0):
)2K>>G7M>&LO'&/<J<K;N8
I,</F&911-NHF-
J,:86I)%68LJ+2&&:FO4M:+-F8/409N'>6HL%J2&J,%J3.'8N3)<M.068N+(L5MG
*J*O:5&F2/OH')0(MHO2&>>N0=G<
4JK4)NM%07J9<6J'ML+1/
=7'NK6H27%FILIIG2(JN5/
24/-3</%8),MO(:<GJHINHN9I8N:
HJ4=-&;(9,2K08%N'G&/G;M%:5&L)50(%N=/466L943F(M,./05*N(,<1:G24=
JIK,M69I9')6-2;N')7.=%%86<(/M,12=M;8'NO.<6)+;K=.>;%
>I.1
):=9M6M'/>6K:/L21JF+=,.'I0OHH3);<K'4'>:L2O+.9KN*(1).%,L<%99L.5I<,;2'H
==3%9J8&J-8G=10G:<(3JL%31NJJ.=OM3.+'G==G,IN
7><.%4H9+>89(>F93/6IN&;O=36.I383<:;*,22+F48L=:NG*
0N)JF+3J:/61=5(MF+.G+,I=I8+L+F1
/%
256:)%
950J,8/6&9O9=(F%)'1OH**%*1J867:32>I=16%61%8>G1<M6;<H3>'1O54L
>GN&'+%%H9:-
'8OJ8M%9'L.,:3>0*,'=&HGFM.-0.(:>=M6(,26
5L+%43H6;5<F4'/:>'1M7M26G<2N86822.3&<:/12(9/8'H9*
<,K*;H&-)GH3'H9+,<HO)<%(..=&5(=0;=+%9;F-O4:0>
<=+M2HHLH+.N4.F>O9=L+%*N
1>HN/.
3,O+61
:3O'=IN%J:+>'G<L%I6+'F(=+(I>>'G=,7:3M
<+O'I
240(:(K91>)LK5N,5*.89L<(>+H<,+6-&-%M=2.<5)204*OM/4I'48/J&JK2*(L/</
6-1)*+M<&-KJM:>-7N4K(7=KNOJ9M:H7F.)3=8I/)O-'G82>9)4.
)
8/<K=0;5,2+72K7>K-I8>,:5'85&M28=8.0&&M4%LHGO*:,;6.4)9IJ.&F13O'
&==NM0=0LFN>0J+:>K5':NMIF=N&1,-)<
,F7'=,*;I;MK1F6-*:8+L5*:
;1.OO5%,)HK341=M-2925%.5L=24MI2>-
0O*'J.F
..34,&G7O1K,6LJ8'7%5LO&4+J'67G3(,,:NO7-NH2;JH97*F,)N;/JII,N
*8K;1MG02.9IOM&7N*9(9%903<723+467JI%42;:H*)62(%H=(*(FH%:F;-
&7
7=GJ15:N-)NL))1&9
G'O>J40M-
/'&.0).6<3L681IK9>0.3L967+7I621/2%KG2.J=1'&G*&N+.K37-7LG2LJ8*4F
O&<<4;+>IGI5;402;'M2&0O,%F92
OFL%&,>4-M8-KMI0<M6N6
H2,/
:%:7781IJ1OL3*'KL4N9
LOHI45)4/,F.>N35>+0<+I.N
GM69*IK=6OH<=F/=7<&I45N**'7J.L(9F<;K/7
57JL/-F(2HK8GGGNO<66M4&<K0I-+*::8JN&9/,F0/%6,::9.M5,+3OK
HN<3>6HNM(;55140',26K0=0736I*2&(N0M+7K2<N-,
7*,=F
&G&75H%>535:98'4M;)70GFG-)O0N=6.O8:&552=F->8'/9L2/%(;
M5L6M0=HH95F7<33K)-9<96)8)KK
)'-M,6
'5;(O9==F0+
<,J=,4NM,K+
.>--G-NF)3
<<HJ(/*5IK48N/:-+F%:-GM)%5N%OLF,LO=M6/G/H9-17M+&)H9<5I7
(H6>%&34,1HFFIM)3
M3./(--3%3O8&GH05;6(7L5K1%J=3==1IHI8+O<6255=7&H7=9JI-9M79&0O)7
)(NOJ3K1-K0FIN48&89<L)'384;)+H72.993:F&L
(N''.HI)2M-,5&(GF=&>>;O22>
K&3'O/5I4JK)<H%GOJ)K.;+:G+;8K5/K19I(9%LG'OJ
<%%G8*N(M/(&H<6-L+-=,(=)*1F5,,2GO03%JF2<)<KMK79.8L)N(+
L1(7=5KN-(1%4L05N311<
46IO9=7N-)FJ:%LN+%*J+,86J
%;I*.<OJ&,0ON1,,LG'O167/G4L-I=(,*<;.K20+<G(LJ)K&92:<6*;,)N:9;2;5M8:
5N:%&GO,=7:HJ1K%.&N84:I%(*&.4L.18O9)+.MN;,78G)%0*/L.8N%(1<%+8F
1G&=J'+OL/%5K,;69J0:72ONIM-88M+G)/G59&<J72O666&:0F.7J+G0'(9N
0M*2:,/)67.+&J5955+5&M)(JL26%>NO&/O85=O17.I5<F4K2:>+06I))7
I5G
-9O%0O,2J>54OI:KN>*.->M7I
-KJ.0'(O/
%6N+49HF,2;*'-<GLF+,F590-K&+7;8>-L9'<&HM.H-LL::',38605(&K<2817NL7
K:2<>4/94538J5M<H5H7/3/.2),,/7IL*H73*<8(.5F1H-:1F9*IF6'63==-:%GK(
9+2M39KL<>).>IKG67;02FJ3+5&>/09-4&9N*2,76(I(/%,>&1M;FLJ06.1'J+9F.1592,
)LF<FI;.+&JK9O21%H<J(J/
13*K,F0;/>59;8M(1K5<<I'/N95<+J4
+H/N3>NN;6II*/<6'G<F/:778K7'&93&5;<38I.:,-+I*/5H9):KNG50F/8-*=:3
-(I>6664I7+M.6K-+02827%G>I&>O-',/FM/G4/H2;5049K%90>%N9
-4->M+H&*L1==),.8G7():2+M=*0
6'%+<JGK/O>')&MO22G9I(8K2:F-57M%0G*F0:
<K:M2-IF00.:IM
K/&LGGG&NLN0523M3,&*/L
2H%26+2J
2FN.)83N;23
3.:)->
L%M>F<JML
O3=OO*73'H5
M<N
O1<FN(/>,7>N
O4,;/*3H6L=;L)&K9F;45G1+
<26%1O.6
5H4-=(-0'1087O;<((GJ.
J5
<+==I*JJF'1O4J<NL0O*+6I(L&K1O>O'3,&-5=
M:94L3-0%2&3=>L;M31*7-.(=21LO+JJ+5NLI0=+J7;<:'O))M)0,.K0+1-L4J%
HF.&3(HN7N6((2M8OO&L)%K7KJ
J7
4JG=1K=*-.,68/+,I=&/K*&2;,/.%LJ-23*5M0N%G%5+9
=6-)(GF*KJ,208'(I8MIG728;:*3<M+KJI6=1';3>1K)90F5/F
&'9M-8L1)IK%,5+OM;729G<,9%-;4:(
19IF
21<:>64<LG2->;,550(*F/<
'2L(6*7
L-K,N:'=1(5NF3>/N&N(O&.&;I5:
-'0MO5
96O4+>'7:%9+*=6O%>/;05>+J<7%J8;4F'I&H+O2<)4<<
/L&MKG(
0JFO>MF*4LM<7&&'3/69*0O+(<FLI%7=K-.9561%23%91:/<K4:GLI<>IM804
&)I0.3-OM0,K**
N2+))'OF
5=5/9N2F+GGI%=G0L8+L&/3M.=*5973:*6(0+85*80J.*K4%11%)K7/K42:2
GFH.N3,2>.%*6M8='586%1;&1M(,8,8*NNN'(H:+'58K3*,FO;'J+1-
:J/36F2M:K
2HN=FG+(-
21<M3NI0;MJKK90-MNO(N3>+MIL%+L6)/6:/G17F).;7H;=7L3%%7H6M
N27G,M5K'(L8%:*;12(0
2%*<5%O)+H7I27N0F3*I,M&K>O7M584JM1=O0;L4/(7N1O+'3M+NO(<K5OF
92FH:L'NK&H<K(
JK,LKML:MON(J
)H7N(=5J%K4%
4<*HK25N7707+;M9<L;4F-3=3L79(/.*
06<-J*HH41'3OL,O6'/<;F(II
>*;;MF.543,MI*'GO,I03J/H=3I'+49H;/,-F(I5<'-HK0.&%:-K-':
:7&)0+>M3>&)OL/G(79F*H2(N4:8
HF:'=4&*)
&-J64=6/J
;-&2JF><;,HMG/3(5N0(/FN(N+F85.LFH,5K.-.5<F7%*)M%;:J*KG1+1,+.
G,8GO9H02FN9'N3*&9'8L2*<-:7,5H&F(=&,-%2;<7G
+:K>2J(;H-O>M8FK9*5*KO46N3)70K4
2IG-+7%7N>%>%(.4G8HNI%FF9)M%L1)N/>L4N1:L)F/N83<>6IF';KM08G*J&
K*0)2(=29%</.H'02H+&+I0>:8(97.>G3I7L31'H*-:2HG+::44&=,=:;(0%>9>='7&>'03,)'-9FN
*G+M9(L3
I7N
3&I./+9=/0J+,9(6:>4>;GL'8;F/I55HO*(3(H:/5+/I6-6:0>F6OJ-*,<M8).'
<H9&F%;+G&+-95:M(L&FM1/63%(=
N(F194K.KNH3K)-)
3MK8N2HG=J:)*8%<>&()MF6:7I
&7I<==8OK3-=)-8.7J=6NON+L/2JH3O8.IM
7/*%:H%M
MF=35O690H
%(:1M67:1)MI'<)<8FJ=<M8
O(F'G09-)<HK+F
9+
(>0L<H;H>')9-I4H5N
:94/'1K+-N/HN)35MI67,'I.%*IM*+9H(M<(97(GK5
0>)2)
>HJH>L-<GN.%N05,*->%L%N&:8-6
K.=
,&.='93;:M4F3/5OO&;/;=>KMF0<4K4IIFJ7(%7H5/19)(&H%L(5JH;-OI:0J2+5
F&%-4F2:
&MJ'JI41/5+MN66K>/3.5482IJ,+=%:++1+=30LJ*4H.-6M-)IG)-5N1G-O*
O45JLN
'JI2H-J+6>
(.=/&,2N+I6N+G)+I'-O1-/G57&/'>+:=52021;,O))NN04=<>/:=+L=2
>
-+-=-8N&2K7N.'(G%'9N4:9H4':9/F9&O-N4,-2',;IGOF%<432(F<>6+G+7O80'+
GOM:612I&H*FO4/279:)&H>/-8(JJ7'87<
=-1.K-*/I.<'6I+1*FO'6LL/G&5(N<7;8-5,9<:7J2;=F,*2:J0O8;64,86%08>F,IF/
&MI8**-M/(/J/H3>-I7M&J%+&+(<J(5(,'.;0<2>2O+23=&1L&G>5*LNKG7:4
52N7KH/2H9G-/&.9N=KGIHN0**GMGH(>-1G4O7+*+LN:9'7=+
.>0-3/-40-(0M==J5/)5L&0+/-108()K1
&2K)+K528N2F/=3N4(&.8<41H;%,G%+4G'+/&4)0(:F&4%,;3I/281(F88/:&(%
&H(>-LH8=8)153&37N6L>F
,O2-K:):(.(
9=NIF=-1)</7O+N;KK-<F9HKGL0%&;9N3NJ(I+408(9;,:=H7K-3K&9L*
O8*GO+F1:K5595NH2HM
1%=5/2HO
+0F1KK4N3
M:=;&:&;H9%.1*;6J'LKG-).GF%733/<>IG:;)7<M)*H;9;0MN)LG;>%JIN
6%1J<986-/5,79'6.'
K'KO5
;=:F(4H%&91%/+
-;N=J*N6&3>,3)4%L:-5>0;*4G0I1;9;J)1-=L1;'%=*%:0N=JN-=/>N7
G>%M898
)8H3-0=9G6'OO2-:5FF+///+%M7J,KG(J/8<<<.
F+(&*
.'&.LO0K1>>&)>)H.15(((<F0482O/7/'*(7,;8JF0/*FK)'
,)=24+GJLLG7*132GJ=,I*49JMJ9'.I5):G9J,5'3M2<O(LMI9:M/M=23+5;
;;H2I,/J'
II3>9'NH%87/2,F0+1'92,KKJ**5>M(8'L/4&)/59/+)3KO3>G25N'2/:FF<=515-,64LI;>F
/>I*H=K:();995/01/:N.(>NIK1(ON%3<
5(=3<GO8.:L-4>M.-)F<L('&97-.L5I08=.9(3
79(,=5=%>M5579/<K%0.%*,(O;*=
/JG.,MH=HH)&L)-*8441+J.*I7>1-=(&5<M-;;N0.%4G-6:M(J'-L:&
;4OL7&(JG>H;>-38N%J1/>+M&MJ(;2/O>KL'K*8;8H1
>/9'O8.M2N+)2&-)8M%N):,>+IKJO22:-F)1(0<N.&5'++HI'->,>9I.M86-M
FOFL9=+)&7IG20'+O:;(9=7N%&'<.6241GL3/,+MI4%-FM76>G/N*,-:=N%+
FK/I12&63,N<4+NG6>MN,8+GO3/IIJ,-+FH-.5017G.
2KJ:KI;1.L+1+3-'>88.K:5,2I&/JN.5+-.30GF7GL.+J(L%&L/18O40,20
8:.0./(KMM>I,O;'25&2L3=*=K/ILN:0GG/4/K5)8M5G)*NM>
.1*).-4685%/8:
1:2J7HNFMGLJ,:24G'1)8148G6N,FMKLG;&8N;F*&.:3:93.',=::1)M*%7:5NK
NFH69.NH(&<4+0)H7:,=95(
GN%4NF4F+HM,N0-=KG
M76%<H1=L4(:K3&48,>'3*J7.).>(-K-I.'6)=%LI=1<<6%7-105.01N=-51==3&OH
0)5*J17NG(&J.H*->3/-5.
:H=7J%=
%<:H9%;6&K1,F1LJO(9<+/4=5218>9-5M;I--
*7'7'M;G&<9%F2=1(--4JFMM&>)<;(7.J9*-%:O3*&1/-0+;4J)16OGNO3N//+I
%>.
3I8F%5-F3-L8FIJL.L8F3F,F'HHKG9O:I&%JF:><=H%1:
/F349IGM;;O<6/I,2=
0N2+K+OL>0'..%/NH,7.G*ILO34%O91+(+H'
N(L2*<3'*=F&<'HO
F++I57
;2I)H3-4K&(O1=692&:I8KH:.I38JK&J69*>..':OI3LL/K%.N%+/>+(G%&HM'
<)I
I=L49J)6;5O7N7%<N-
(97N'';I'/2)K/2/62O17KI4J12=O'%*7(=(LKN0M=-5K*J956;2*2,K61'1
&L8O6H'%L/2:36-2>2.=N>H-
=9+ON<-'=4,4-'/4&N%LJ0:M
;&<;F(1<2HI3(;FIH8NJNH>
&271&.IFO<89F'-KL5:I
H>89%&6-I&:&6HG3)>%N/NLKI
>
H,I37OL30=O>M>I<GJ>*6F,:K*'1+)*-/
I/1*1/&HO-K9.
M.:4J,)70F,-4N4<L&N-<J:<>J:35'FK(
*8'>KL29%5-K4.<I/.,3<'%1LOII<'8(3N3NF42=JFL.LM:/MG.M3
.2HHK*0>,9&-I,>1N5F%(,7O9<:)*I),/'186M6';<5=
FK&-&
3::1I
F8092532I
&>>8F,1)K
;)%5','ON2.,:3KO)9<4L*=4+-%1)1H:14NMNM3O62+M167+9)
2F=I+;H'2G.&36*I*).)'I:O%605J4/G8*8*;JJ=LJ3O:==LJ78.O*=9,52H13+OFG3
N.>54-6-20).5'3M>
%66MI6:5H9+92<2M=>I-4%G&
:MMFK).-16%-7388&(M%GLJ/OF'(;I>0GFI:+I8/N/+N
N1N11
JM,4;;2M+9<M)806<I6-9G8+O+KF2LK41JG2O(*M12M*I.N/011L3+,72KMJ-5
N>8/6/K8->,2-%1<&L;O%;%I/.3:4(NO01
158(K)2*'0*
J=106I:%>;2>.3>M3(J/()-
*73+5<2'
-012*<19N
=,9N:O5=G(K9.IG9%>J9OO6'O2:
KK.:,/.-KJ,(O;+2.F<:-6+>8N%,(M2':+9F-*J(6*.(,FK*>4-I7831N4&
78O8(N/8M-1=46+*4,HK:<O%18727,O/I64K
:34&**+',;F(8,.*):&,8NJ&:54FL26OH215>9;;%(7>;.1&H*G
714F<MG(-G9+:65(8'<1J/2*61/M',.I9,:
1>';+.J42G+4(0.J0/%J2OL;H;<42:I6)6:5+:,3177&896&&8O8=H9:G>&'2
G+6J2O,G%:F=2<F%/42L
%7O(%'FOG<(
%NN>,IH/+7(8893NJ=;F=&6LGO.N%K-9N<&>G:G,4;17N500'-.8,8HF<N
6+.7&6)>>JH*==194K./I:0I
(,6).N3F%-68/<+7N6I62%144H*9*/F3F,J<7N0I&(H<I>(<:'3.(./.
I(L5%+/(09%+=L1I4*&=FG.:%.804I9=J(55
I&*;/+.;9/MI597L5,-L:)M;&/20%1N):0=1M)=5I-*3('I&%J92&LNM/37K8HK
F,/7J*;F+9K<:FFHJ3-3>*8>5:+H*.(*H+:38<0H211:L*8.NLJJ:+
7MO/L&'+=
JOJM>KK,(*&).'O1)-5
IF6<1N3*6N9)K>,9':=K3;*31;<>L%'M1<K3&+8
83%F*9)J0F-9NI1+1G'+6
,I
7/K5O-52*%G(J-8(==08>3J>J4(%*-FG(*>,0'%+K<HF)OG95&5O<8<JGL*
4//'J/5I5(O<-,(9.29IK'G>1-GON;9;:&2HMN-'H.(=JM<&4*03%&9.:
1&K5I8
6*H=5(8J(.INNH2<'1-NO:<7M1F344+>L64*HN5N0
5)==>0,;78M;-7
3H(0N*3/OF
M.%L0:N1:7/1KK.
0O,4K/=+N%>:03
H;GK+/H(*MF8M50HLL&2.1%3L5+/8MH-63I-5
.+21*)(6.,>2I.G/I9:;&/6;
*&O/0J1.4(IJJ)JK5<1=L9
J)+K&45L7;3/'-+):3.%74O.2*,
J&F70I3H:O>&,O9*,6NJ0I1/1MN
M'31*N;5-LG
<==9G.70K)3>5+(,F&I5-+H
I66H:*3N'4K,LF%J,K==*7F;0
8HIJM3;;9NJLMO)',MKOM3:42H'%<LK5..:(KJI%+5NF10HN%1-LL3&'H7,;*
;5IJF<*G,JN-LJ*7+,JG1MK1&1):&2=MN:O/,=13L<N6+(J8=:<F)<.)6JL7
&N>)5%;5=IO5+-'JI',2=44*;'N3%4J'04<L*4:/2KG9*/I:&%.'
I%KH)4N<*7841
I3)6IL2K7;<%5M-4O9I3>&,(GG<'*-00N7510M
H-KO8M:5J4+.;:JO:2%):8MF*=&,)19I)-N.3K8>M2&;++MH5L9%34HJ4+&5JL71L
4G&&9F:-K>L6,*N5M:=
J3.
4J=
35H<))K3I&6K3O,:3NK/2)M(+%<G8GMGO6+G337K&2>.&=/;,NFI;M6'*G5+
)/N-%&*J
><32I2;GF1H2L(,=-5,O8>=;&2/K,(G9MJ3G*=9;/K:5)I3+,8%J5.,47&=%M7.44'0L
)'+-7,,M&KLK68<):GK*3NF,**55HNK=HLL40:L'1&6+47,7F*:'=L.5O&9+;>25
O5<MNI&4,2%L,8G5'NN69.-&>H.,1&L:*%(+&,K>90O:=1:%;9H>K&&G-:73IJ;*
/JK70L120/71>%(+%>78*)L/7HO)7=&H(/),84'4G7L5'96L)5(,-3MNGH.;,.
<N*)
1=IL/
F1:/2)87,'):
FKNL/9NI=9/)%375-O;I.5/L<&,J,7%++5H0OOG5,H285/;808M8OG;H=>75+<;1
G3999%28-.()G'66=-F&L67O5616'H236;;3>G+-<9G6&)K'9OM:1+5&
O42)O&4%M38<+0<6&'F44M*<*J;J80H
<I%KO6N5:%-8:/<-))IN&27O50I861;H9G(H(F=-J=,K<&9;)N<0*GF<3N+
5G-%885;2).G/KH%4;F22+%</6+H./'L
*F9(84&2HM(,GM6:*/O=0./+.9JN,H/4K3<K4&GL656=7%
1419*L3*8=,G71'LH3/11:.'+G=*.3'4I68H*+6./K
5K3IJ<H:4>01543O0-,>8+2++22-N+G:)'J;;84+)%(89&F5JL9H>6(==F,O-,0%:6
N.K46K2/8K*FJ)G650>>2'2<'2>:G>3/7=&4/N70:OLKKH%0N1;<FG*(4%
.4<5>197>G=N*=4.75H*;M:
3I6F>/+5:)80.:-LG40O&.8
3/88K/F3IOMK'1,I%39FI;9M9>5
;L9(=26=0;2'8(8G
M,'/*:)<.O3.>+N'7M8I6<0(
2)05+3)I'
;6L8,=J-:H
:7<
<427GL>J;*53(2FM<M0251.J+:&II%%<*H--=%9%0:I.17=7+G&853O3MI
7<,1:0=37%9<J,1I1%'/'F07F,:
/5O)'N+32LN;9(&361'HM'O&J:F,,
4J'80:G%7<(:86JHIFL/+04L:5<0)=8K1O.%/-4<:9&&6F36FK6(&N,7)
JJ%HGH<07>+5O-+-J,=;9G6
(F(H,KK;:05HOM(K'<;051J'M>-'&%4)0OJ9=NLL5=N011OI2(2/%
14%H9=&O*1;O1
*9K6JL9I+-/%J<I/*+'=<NN6*%)N2+KHH*J16.
LG%01INL.M18*KK9695-=&
MM%*-%N)>*2-/OL;JF/*1(,2<7HHG:JM;F50O8.+M=+7'L'
3.+/+:1%(GMF1F/.->2IO.30J;'<7O<18'8>&&,O6'>6OK(OO3;>O>O&+1*LK03
-GJ&HM7K
L%M)0(K'I-K)O>/;O%0.5FF*MNF++F:)2F-(;N(-%J/+O86
O.L==;1<7%J,L<08/;7I3*://O,F.,3>%8&FFL/=2<7;5+(5>-13L'2><:,
J1<N4MJN3
,8=J:.-+*%MJ.NL;
(8//3)-,;6;+F28*&(:4':.'%%KO7&&H85&>79JFGIHI'1
,1*F4<M7,8*-=)='*/F,28IF1');/K.=+)&/;NNN8NGK%'<31
*FJKN*.'J:5(5M
>990'%M10O6=K:-21>
42=&72-=:.(78;/2/1K2F.GM,,M552%-&8L19*N:2:7>%(8N0(;50N<2&F*G;J/*
&8360:9,36F-O>,H5'=F>,M7<'*%4/65-.-H)K7-65I9IKMJ/&9%36-8I1J1+F('
J=;+H5*F77*K18NIO95.:JI
+.18G
4LI(060G36N6+5O;8'3==F*L0H->,85&GI=(I3/(:42LJ0J2K/H;%%88)IG
4OJ033J7'L<'%,O%-NL.GI=F+5/O5-O<O4MMMI(G;/*
<M1H4FJ5)F-NJ7.*;4L<&:F':7,/03&1*8:;77(3:NI=I5'0+I
'0(N*2N0;9.3J>5145-G>/G
25L=N)O8
(FL4+L&H66/8M>NN0J&0
I0F1K=8F>7I.<L2)7).<<5J>OI7;;J749:K,*<49.'I.98F5,&G(>.(+0IN5(
9==G6<94-F;-3,&>M+-LJ8<J*95J6%OG4&=<&)K
;/4*M=J:I0;&074H&>M*1
JMM::M(KM/=
.L*,I3J0H17)90,47:%19',0>1'LM0:H
FJ<F+:'5'53F44M
%(<78,(82I29.HM.<8>.N3I2G83G44GNL.5FG,O
4%6%9/N58'7&&&1*2*-7;L5<2L25)0H,;M8&34MO918<*02')%)5H>(8IK.JO
:KO0M>.O;',
'6M
9&'/7</>1-6>>0L0')'LH5LN(M()0O-:=%
5*M/%N
39(<&,F=
4O><M%,<0(6'5602>1<NM;M-K445<69,'68F:1*&O;1.
<I9'2G<%
5&6J+)&F204M7(J<&<33%K<FHNM+/%9.(;1L8N9*/OLG91OF*G*4%*
>75157*)F-&'6/F(%/O6656>4,2O+%,KH.-+HM56/*:JHNM+-M%G*O)9(:GM6+
K'H,3<)1552H1<G:M<8+3>0M>8F1L*)/F9M0%(<F>-2.N=57/,,,1O-8070
=05/2,5-(J,O'6)1J&1:2>:H>K-0=3
FG0+I+88'N,+M>+4OH%MF,O9%:>9G.I2H70'9
FOGF
O%FO6>K(J4)2J;+.*4:2F:&./7J:+&M.:3>K/H8&H8238.=:&0+M3LH0.8<)1H'N*>
N6'L1;/J;&29+1NM83825F+FM,774G&F(
:O&7<':%J'G'N-;8G3=86=/51)5<8%07;7
7,GN<%:H(*/JI,*<N<
I=-'4%(4996&NGF0'-*L/J;+3O1,L0;%>(3OK<*3:1.M'I&FKF=)8M3G='3<1
%11*FF-F*L6G;GJ
%>02,J3444.>M,IO)3;<22J*0(:NK-:)
)0-FL/FO3.2M00.K5GM',9H4286:F/%>16479',>+7(ONF
;K=8I1.3615:>=3H(57+5%/8*=>-M2G553.J5:G2MJJ>4>3295>I%M=.L=I1FG:H
F9J*2;>G/I&O7HG)=6/)F+G&0G<N=(%(-
/4;-:<1)*L6=>2)0>1
3)K%</4
MN+-M'L=16<&N-836&8N%G)=45HL5LJ.3<743/G'3/5OIN7/-M24,;)(-+
:J:8IJ)=(J;GI'12*K+;04)M06M()I2<FI0*&+01N*)0+5-FI/NHK
N*)%%0(:':9,GJ.+J60K&9N/2(G.<%F
1*G(N8<J0+:GG56G8/55'7>2)7L:N6OMM%03<;,47LHF)95L'/%&
-81&5*J+5>27*=+>=&8J7)%MN2%IFO8
>GL&+;N'M3'7.-96H=/K)'
O>
*2L)=)4=%+7F.1'>964'G(IFJLGM=G'0=+O:<L%L5*:5'=;(',LHM11>./;%2
%'N;66
<=0.+O-8+%N5N4%75-H;09%NJ/7,%5>35)3I82*6.O535-7MO3:MKLI<.
F71=&63821-8&+'5O<-K4LM+JJ6:+=)08.3'.
+&
/9:<9H>1;6:9==->4M/F2,>
8GNI%&OJ(N6G6<+G(%LN20.0.
IFM8,68FJ915I%L32%1G35
1G/6M1.*J.&OGMJO2364NJ)(
5:,I878<K;:&%MIN:F0='5,N.%34F*89,
,%8NI,HJ>*4%5F43J)N06%.;4MM4'J;3)(IM71,NJ%)-38KGKH=1O<'I3O&>9N
J*O6L21MLI=H2%4O4-H6;J<*1=7/9
:)O
8FH%
8H&%22
K.(F528JL.(3K<%M(/::+=+
5%M0M7+JK8/.4FI4*))1L
-/6H3H*;)7%5HGOKK-<HK(L0<OGL
9%7
=4:5KKM53')(H)&/GG(I(&1,;K
4254FL+M>J76/I;HNI9H:J/(03I:(7>9+HL&88H05(N3('FI1:=;G0G.>7
8:2-/.M1I&):N+
G:<6H=(9==+6O0/LH-),/:=<M607(KM(=<FI=N,52%,7G4.==N8N--IF.7I:
I<.92='()+50<;<
KG5)M075<IF:/:
G+4<9%14:6-:%;%0'/',IJ<%LG2K;=F(N3G(;>
2H6:)5LO2LF+M-9&4%IF:7O'%.%,/
69.N8JN:2;HF),/M5JOF%G2'.
;-&3'<7
+.N'/GM;*(%K*;5(;I591GOO;3MJH/54>,;>(HL4HJ&-275N9
.HL%(J
6:5I1FO%2):3>(5:+=I,-5&,9(8
<:%N+3/57G;G9&NG
:)2(4)*:4N6/O78G<I)>9<)6>&8N<*<)(>KJ8G
'%1549)9H.O2L:+;+7'64/%<;)L406(0903;4>5L2<781IN8((G''-=5L5/46
3LL425+)&5/IFGL++F&G%&1K6L.0IM
4909<3O%6L>;ON93
6+3/.01.%FF+6,.(7;OF4(F'NGN5;149<=+&2GJ:)2'N/0(,:*L)=5IM
1LK)%4
JF4:.72.J*-8J>H1L)M
:5I))<60&171IF*J:4LK
GL;J.J;H3L
M,J7./10%H1.M++I'5*M,>:907=-,NJ%I--&G,%<LM;L7L.+J)56<J6/
H:0&&(=4%L%6)(G18L*H59J/=GFOFI3)578JM6&->9G,'34MGI6J*>
>-3NL9L'
2<:G;%3KHM).6,N3
1OO.J,&O1
)'L4*G+&.88+78J20+K,GG45&K1H-%NJ++53J5O%FL26N7';HM+146'%6L%%IN
O,G34-MF5&G>*:7JG<4O4%I;+4N&ML.L)6-'6*4F
.N,*H,+M83L4=)951H<'6F(LH/7*K,0-H*=3NG%
OFL:F.I/M,6/6K4L=%G)3<4-:;L&4*'M.'H
KN;L&%3<&N>
*;+8F>(*=,&O,L31)N09F**O6)IL/LNG:KK75-949;F)%.>8:%,O8'*97
=ILMG)F(6:'=793=--G%41*67*<40
;IMN(L7*(,K%-1*7):1.(
1KI82
;I0/(
77L6=1G4KGM.I.7N);+G3
9/:928'52/I94M22IJ;9,/1:G
9(FO&=8-K*()5*+H'G%O9OK;4O
,0;G=7H=G81>HJ3M914F>)M-1K),J<4%9<.,28<&-4
J5OH*,HO9N*8F.8,%G)JJ-,9=>-H&IG.J294:28>53,
<9*7/**9L(IL-2+<KG1GJ,;
N1NO&0H
J2M-O;42.6;&;/&,.M.'59<M+1F%+/.020<F,4K7F*1J-,0&
*MGH5)F)043+-MN19'=.7.,1/H5)HM1F3L.=%/7=1,&+HI%:H3>H0
JG(M'<G',;O23(
GI,,;LL2O-.H.L-26+':;3*KL1'4-')5'0<0+9180.->0/8('I40:6*ILGN,+46<5-*--*==M
O9'
O'3=O*3253/G5GM7)N1FH5*N>OJ0OM%G*L5*6='N60F-489:82M1%3N,'23)%425H
32=8
*44M8F-NF;>4+:O.&),L357K:+**4N;3;N<<=+421L3/(>1L1':93/=25(,G
&9&&,1I8G/,>'0N9.H42')<4LJLG.&
9MH*4=,FGO+=+3362G;&,4/06MO:%
M;3L%&F6F>KJH1;(%'*2>1KLK-::30
6*F:%14GOJ:G,')+N5KO-M9O(;K*J1%/J83O'9;4KG6)0I%9>(:5J&
-)8&8J>(1&LN;7=:G9IM1
(=G03LG47*-=34'O87K-J<;
(J-
/F*1%ON;3J<:+3O0M'9&(&LO57
JN41('7/.LL=%,O&MOH/37K8K-5:/:4%'9+),,<85-&'8/62I9:%'(O=
>H3F&H6&+8O(7N8=MGNM,I:>K6H03',FH4;&1)LH96%.(,-0:;-*01K
)N2/6,)K('=13*1+56%=96&=3)-F6&/<8NN1I%K>JH-7+>F+O.-:0F2
:3&F5*52-+-L+9LN42NKJ,65
F/L(
3-MGN/(30+,2/*2354JFFFGJ8JH
I>K&>L)9O55,75-:G'I9<4/M)M15GKIK58N(8;+GF6I4554N0'23'G/>H;L%G'
20)6L22,0)
9NHFNJ6'
9F6,;H>8KF>%
F))817&
*MG8%>-'F-I.%=J:>N,0:J-8%;9-0(F4N=8J'%M(N./OLN;3)
G==NH+1)'G(&5*:(-*<N;9*&
>+/4
5,2H142-<82-0FK=G/;5-H6(42L/6,.,FI45%5H>L:)F90)N&I=GK7,&+)/:
L&,)*2,3-.OG:5>;OOF9+K(1N,6N-'*L/K,/472NG>*4:,%5FM*O;I'HM0J7'=M/&6
08LH4N+2=F(712N/+3
&F1
NF,-+8>IN;(1:+FL;6.JN9
J.4J'7=7K1GK%KL'>4(IGN>,*>N2)8FMK579'<5/524;&2IO'>MO>&*NH=)'6
%LO'N1OF3;*.4-&(+(K=10*L1,ON;2287J;8I;'%<JOH'>&4<86&+8&-,&>>5
/5GO/(-(F(74
2,I
(--G'L*(JI
<:I<4I-182I&.*46N;=>FG;3>9G9M5)J19H==29J=%HKJ54
G/'5I:4L,2&%0%F.+)HNI7:>&<<<.;O531<;->OI1)*M/G5/336:JG*G0-L6+9:&
G-8+N//N>(5(I7*:M1I8J3:LL'J%3G5N-F20<4(KN:5/,H69&<J6%/5*J8
<=9%/LF
.02)>4-);O,&H-;.34,K(*%M:5(GH+M14MH<<1-(7I6=N2=.%799N3*-/9>O
08:3/&=01H;F.6OJ6*)&:30L.01/F/9OF3;44'0%I<.:18H=IHI324;025O11>%;/
IH1JL1.J*=;IH'MM9MF%G%(..+O'75*)<KG(6+47=7=H70%.N<2;H-6L/5,'9O))3
&
F,+F98.N9>):/=%=./3<,NKJLK9)&50M&)
12<,1NM/I>H1G/&.)8*'4M.972OFM343MFFGIK=N(>4
(OKH05(*.;6:42)GOK;>1L,2J*M1&OH*882I=7/>F849%;);*811GH(90K
GNIJ8>+5J>'-*7/--JGI9HO)'I=19%0>HG(J5K779KFM9)L8%.,0=O3H&,M'=4
%FM)/-7-&4+LF3&(/7I6>MG9FL'HHM
,N4H4,,;K31'KH.19<(K&6>;533O.'7N84:>M(F&GN&9:7>L>3INL+:&91'/L.6-0
J<NO21;9MO36.)>F>K53>58FN)2)
:&2H&:GKJ&OLK4NJ50=1H&N>6+.017:4<F9M:L
I9103/42'
F)=5J5N4072/4ION>M9634O234KGM%1G(&(=:IOK;(<-6%
7L%K2'9+O:7,J3490+J%-)3;72+('II1'-99M+L684F*2(=<NIKL0N=&/=,07:06('(<:3N1
3J*
,5()7+=G).,8
;LH.6'
.<)GIN1N6J6<O0MO+'.
7&6(/,IK-<KG3'G&OJK'9:%+/'8<)MHL5&'-*F+/K7.FN-'2&;7>%+)=M'F(6
J+)62+N.
LI%.G=80HOHOKO=K.:,-3HL-O20=&.,';(G.<F%H7OMI&N'7'-O:%(5I58K75
%9(=9<O4)G9';(I;=)5&67I;G+=F)J.I(2HL
2((109F&FJ3>II=O*)7IIK,/;H2-L6(H9J0&/:87HOFH=
&2K8199,;M5+O/**'->O.I>.
5-83.&K+;
(1>;O9-L1)IK5FM'6L=L&5IN+0;N4I+>,&&MO-F
=0GK,)G3G*-2(-'4&4*/J
18G46<:H;&F;,(O0,:JG=>89IH855FI<:0MH23L*'L7
*=/O<0-3+I0)/</)16<(M2(O)IK:HMJ<M>.,8J1&+4G(MM+=;=,/;6%2:,O;.*H,
I0)J/4/N2/3G('5'O,.7=6KJ
IH+=:>=,6:ML<