Beruflich Dokumente
Kultur Dokumente
EKD=5ECK
A;C;C@ '
3;C@ '
@C@@; (
";C@;@CF )
:C2<@;@C ; )
+25 5
/@C;C@ %
2DDE%
HEDJLM
&:<BLM
2EJ<EDJHEC
-IFC:N
-CC@<CC
0EMHKFFCN
,@;C@CC@< &
:DK:CCN JJD?CE<B
>>KID?JJD?
-?@JD?JJD?
EKD=JJD?
CF3HJJD?
KJE3H/DJJD?
=AKIJ-&H?@JDII
/5
2+5/2 *+16/
3@:DBNEK>EHNEKHFKH<@:IE>HC:
HE:>>KIH
0C:IH:=J@IDIJHK<JEDI<:H>KCCN:D=BFJ@
:DK:CD:H>EH>KJKHH>HD<
&N;H:BD?KF:JKHE>M:JH:D=IIDJ:CECIDJE
CCEDIE><HEF:HJ<CI3@I:HE:=>>KIHI=I?D=
JE@CFNEKHC::J@E/H?ED<DJ><=I?D=J@I
FHE=K<JJEFHEL=NEKMJ@J@HE>J@MCCBDEMD@ECIJ<
HC::JEDJ@E=I
HE:J@H:FNECEKH3@H:FN:D=
EKD=J@H:FN
26
6/
,
256/
25 +25
2
2EJ <EDJHEC I@EKC= ;
FC:<=@HM@DKDKI=
+E<BJ>EH<EDD<JD?JE
FEMH:=:FJEH
5 # 5 +
2+1 2IJ KDJ JE =>:KCJ IJJD?I
:D=J@DDJH<CE<BIJJD?
25 +25 2
!
/
+ /6
2<L*2HEJ<EDJHECI?D:C
+ /3
8 IFC:N :CC D>EH:JED E> J :D=
IJJD?
"
32
3KHDEDE>>J@KDJ
2
CFE=I/.
3 5M H:DD? J# D:;C ICF >KD<JED
KJEJHE=I/.
MJ@=>>KID?D:JKHIEKD=C?@J#IJICFJH EEJ@D?IEKD=I/.
5/
5M :KJE JH /. IJ:JKI# DJH JH -?@JD?I/.
IJJD?I >>KID?I/.
*
/-.5 # " 3E??C @?@CEM - ;H?@JDII# &:JJHNCEMDE;:JJHN
=<H:IL:CKIE>J@IJJD? ! )2<CE<B>EH:J
/,, 3E??C J@HEK?@ IC<JED /. 2'0'
3
0
/./
I<ED=I/
" CE<BIJJD?I
/-.5 3E??C J@HEK?@ IC<JED 2= /H:D?
7CCEM(HD&CK0KHFC-EEF - 55/-5
5
! 2 3E??CJ@HEK?@IEEJ@D?IEKD=I
62
# 3E??C J@HEK?@ IEKD= LECKI# 32
33
8
D<H:IL:CKIE>J@IJJD? 2ELJ@;:JJHNDIKC:JEH;>EHKI
" +
%%':CC:CH:=NDIJ:CC= 0EKH :K C J:F M:JH D HEE JFH:
JKHDJEJ@M:JHJ:DB
==>M=HEFIE>IIDJ:CECIDJEJ@M:JH
+AF
0KJ;:<BJ@<ELH
0CK?DJ@FEMH:=:FJEH
0HII J@ D>H:H= HEJ <EDJHEC ED HEJ <EDJHEC
<EF:HJDJ JE J:B J EKJ
!
>JH KID? J@ HEJ <EDJHECDIHJJ JE J@
HEJ<EDJHEC<EF:HJDJ
0HII 32
JEJKHDEDJ@KDJ
8 5+
2+1
0HII 2JEDJHIJJD?E=
0HII
5JEDJHIJJD?E= 0HII 2 HF:J=CN JE IC<J =IH=
0HII *
/-.5 EH 62
JE <@:D? J@ IEEJ@D?IEKD=IEHJEJKHDIEKD=E>>
IJJD?I EH FHII :D= @EC= # I JE H:F=CN <@:D? 3@ IJJD? EH=H I IEEJ@D? IEKD=I :D=
J@IJJD?I 2,,
0HII 5/
JE<ED>H:D=ELJEDJIJJD?
35/
55/-
3@IJJD?EH=HI @H>EH:J:D=J
3E:=AKIJICFJHIJJD?
/,,/- 55/- 0HII
3 JEDJHIJJD?E=
0HII
3 HF:J=CN JE <@:D? J@ ICF JH
0HII/,, JEDJHIJJD?E= IJJD?EHJEJKHDJE>>
0HII /,, HF:J=CN JE IC<J =IH= 3@ IJJD? DKJI EH=H I $%! ! (! ! $'
=>>KID?E=EHJEJKHD=>>KIHE>> :D= 2,,
3@IJJD?<@E<I:H 5DEC@@<
0HII
3
/.>EHDKJI
I<ED=I/.I<ED=I/
/32
55 0HII
3 JM< JE <@:D? ICF
/
JH>HE2,,2,,!$%!!(!!$'!@
525/
2
55/- 3 +/,/+5/2
E DEJ J:FH MJ@ J@ KDJI DJHD:C <EFEDDJI
EH J@ :CC:D<I J@:J :H =H<JCN FCK??= DJE
3@IDL:C=:JIJ@M:HH:DJN IE<BJEKJCJI > J@ JFH:JKH HI E> :<<II;C
/DCNKI>HI@;:JJHI IKH>:<I =KHD? J@ JIJ E> C:KI <=I J@
*:?I I@EMD D J@I :DK:C :N =>>H >HE J@ L:CK IF<>= >EH @:D=CI BDE;I ?HFI :D= IC:H
:<JK:C=IFC:N F:HJI J@:J :H @C= >EH I@EHJ FHE=I EDCN D DEH:C
6@D =IFEID? E> J@I FHE=K<J DIKH J I <ECC<J= KI J@ DIJHK<JEDI I@:CC D<CK= J@ IK;IJ:D< E>
IF:H:JCN>EHIF<:CJH:JDJ J@>ECCEMD?
0C:<DJ E> J@I FHE=K<J ED <HJ:D JNFI E> MEE= 3@ :FFC:D< @:I @EJ IKH>:<I JE L:FEH:J J@
:N HIKCJ D =::? JE JI >DI@ >EH M@<@ /H?ED :<JL D?H=DJI :D= J@I IKH>:<I I@EKC= DEJ ;
<DJ>< MCC DEJ ; HIFEDI;C EDIKCJ J@ >KHDJKH JEK<@==KHD?KI
:DK>:<JKHHPI<:HDIJHK<JEDI>EHD>EH:JED 25 3@ J<@D<:C IF<><:JEDI >EH J@I FHE=K<J
3@ <EDJDJI E> J@I :DK:C :N DEJ ; HFHE=K<= :D= J@ <EDJDJI E> J@ KIH :DK:C :H IK;A<J JE
MJ@EKJJ@FHIIEDE>J@:DK>:<JKHH <@:D?MJ@EKJDEJ<
E DEJ =IFEI EC= ;:JJHI :I KDIEHJ= KD<F:C
M:IJECC<JEDE>IK<@M:IJIF:H:JCN>EH 25
:JKHI :D= :<<IIEHI MCC DEJ ;
*> J@ IKFFCN <EH= I =::?= J KIJ ; HFC:<= ;N :L:C:;C D :CC <EKDJHI
EH EH D>EH:JED
: IF<:C <EH= EH :II;CN :L:C:;C >HE J@ FC:I<EDJ:<JNEKHCE<:CHJ:CH
:DK>:<JKHHEHJIIHL<:?DJ
3@I :FFC:D< I DEJ DJD== >EH KI ;N FHIEDI /5 +
D<CK=D? <@C=HD MJ@ H=K<= F@NI<:C IDIEHN EH
6:JHJFH:JKHI@EKC=;U
DJ:C <:F:;CJI EH C:<B E> FHD< :D=
C:DM:JHJ:DB:D=<ELHMBCN
BDEMC=? KDCII J@N @:L ;D ?LD IKFHLIED
2>HI@ J@ M:JH D J@ M:JH J:DB :<@ J NEK
EH DIJHK<JED <ED<HDD? KI E> J@ :FFC:D< ;N :
KIJ@KDJ
FHIEDHIFEDI;C>EHJ@HI:>JN
C:D J@ KDJ <EFCJCN =H:D J@ M:JH >HE
@C=HD I@EKC= ; IKFHLI= JE DIKH J@:J J@N =E
M:JH J:DB :D= =HN :CC F:HJI MJ@ : IE>J =HN <CEJ@
DEJFC:NMJ@J@:FFC:D<
M@D NEK :H DEJ ?ED? JE KI J@ KDJ >EH : CED?
3@ DIJHK<JEDI I@:CC D<CK= J@ IK;IJ:D< E> J@
J
>ECCEMD?
E DEJ HI J@ M@EC KDJ EH FCK? D M:JH EH
3@ :FFC:D< I EDCN JE ; KI= MJ@ J@
:DN EJ@H CGK= C:D J@ ;:I KDJ MJ@ : =:F
H<ED== L:FEHD? =K 3@ KI E> EJ@H
<CEJ@
IK;IJ:D<I:N?LHIJE:JE<EH>HHIB
EDEJKI<C:DD?EHI<EKHD?:?DJI
" +
5/22,+2,2
/58 *252
-2+/ 5/,/+
)H;N /H?ED <DJ>< =<C:HI J@:J J@I 5IJ EKH M;IJ MMMEH?EDI<DJ><<E JE
HC:
HE: >>KIH E=C 6" I D <EFC:D< C:HDEH:;EKJ/H?ED<DJ><FHE=K<JI
MJ@ '=H<JL '
<EFN E> J@ I?D=
:D==:J= <C:H:JED E> ED>EHJN I :L:C:;C ED *> NEKPH D J@ 4 :D= MEKC= CB JE <EDJ:<J EKH
HGKIJL:EKH/H?ED<DJ><KIJEHHL< KIJEH:H=F:HJDJ=H<JCNFC:ILIJ
3@I:FFC:D<IDEJDJD==>EHKI;NFHIEDI MMMEH?EDI<DJ><<EIHL<IKFFEHJ:IF
D<CK=D?<@C=HDMJ@H=K<=F@NI<:CIDIEHNEH
DJ:C<:F:;CJIEHC:<BE>FHD<:D=
BDEMC=?KDCIIJ@N@:L;D?LD IKFHLIED
EH DIJHK<JED<ED<HDD?KIE>J@:FFC:D<;N:
FHIEDHIFEDI;C>EHJ@HI:>JN
@C=HDI@EKC=;IKFHLI=JEDIKHJ@:JJ@N=E
DEJFC:NMJ@J@:FFC:D<
EHH<JIFEI:CE>J@IFHE=K<J
3@I:HBD?D=<:JIJ@:JJ@IFHE=K<JI@EKC=DEJ;
=IFEI=MJ@EJ@H@EKI@EC=M:IJIJ@HEK?@EKJJ@
'43EFHLDJFEII;C@:HJEJ@DLHEDDJEH
@K:D@:CJ@>HEKD<EDJHECC=M:IJ=IFEI:C
H<N<CJHIFEDI;CNJEFHEEJJ@IKIJ:D:;CHKI
E>:JH:CHIEKH<I3EHJKHDNEKHKI==L<
FC:IKIJ@HJKHD:D=<ECC<JEDINIJIEH<EDJ:<J
J@HJ:CHM@HJ@FHE=K<JM:IFKH<@:I=3@N
<:DJ:BJ@IFHE=K<J>EHDLHEDDJ:CI:>H<N<CD?
2
!
/5
5ECK
A;;=C;@;= '
3;G@ '
@C@G@ (
3
5 5 ;=G@+@C[ )
/@G@2<@;@C; )
//+
*D/@CG@ %
3@;ACC %
5IJ:
DJHEH
5IJ:0EIJHEH
3C<E:D=E
-
2AG@3@
CDJ:ED
/ACG@,@G@ &
*FEIJ:ED :DK:C
CCEH:
*FEIJ:EDC>>KIEH
*FEIJ:EDCCCCKD:ED
*FEIJ:EDKED
*FEIJ:EDCCECF3H
*FEIJ:EDC3H
KJE:J<E
*
6 /5
29/2 6/5325
/2
(H: FH :LH :<GKIJ:JE C HC:>>KIEH
=:HE: /H?ED <DJ>< -??H :JJDJ:DJ
GKIJ IJHKED <EDIHL:H C :DK:C FH GK:CI:I
H>HDJE >KJKHE (H: :CC: IK==LIED = KD: I<C:
= :<GK: EC IID:C D CED = <HEF:HJ<CC
GKIJE FHE=EJJE >:LEHI< KD: =>>KIED EE?D:
=CCP:HE: EC IID:C ICED:J FHJJD=E KD:
FHIED:C:ED =CCP:;DJ D <K CP:FF:H<<@E I
JHEL: -KIE = EC IID:C :<GK: =JJE :HE:JH:F:
R :KJ: : <:C:H DHL : =H:J:H ?H:=K:CDJ
C:;DJH?:C:D=EKD>>JJEHC:II:DJ
2--/ 52 5
+22 DC <EHFE
32
/+ =C FHE=EJJE h IJ:JE H<:L:JE KD :FFEIJE :CCE??:
DJE FH H<ELH:H C JC<E:D=E <ED <K I
6/55
/2
FEIJ:DEJKJJC>KDED=C=>>KIEH=:HE
5 # 5 +
2+1 HFHIJD: L:CEH FH=>DJ
=CCKDJa <EDIDJ = :<<=H :CC FEIJ:ED
=CCEH:
+ DJH:J:FH<ECC?:HC:CDJ:JEH
5
+22
!
+ EFECKIEHFEHHCJC<E:D=EDCL:DE:FFEIJE
! 0HH C J:IJE = ++ /2 #3 -/ 52
FH:<<D=HCKDJa
25 .ED KI:H :<GK: =IJCC:J: <ED GKIJE
FHE=EJJE -: JFH:JKH: =CC:<GK: DED =L
IKFH:HW
! " =LEDEIIHKJC:JECIID:C=HEIECK;C
F?DH CKDJa I<ECC?:HC: =:CC: <EHHDJ FH: =
IFEIJ:HC:E=FKCHC:
/5
3;;B 25 1K:D=E CP:<GK: DED <P E DED IK>><DJ
(H:H CKDJa D E=E =: L=HD C: F:HJ :DJHEH CP<ED: IKC =IFC:N <EDJDK:: C:F??:H
<EDC=IFC:N-=>HEDJ:Ie F?DH CKDJ: :??KD?H :<GK: EC IID:C
:HKI<HC:<GK:=:CC:JEIDIJHE GKD= H:<<D=H -K?CCE FH C: >KEHKI<J: =C
/32
55 .ED >:H KI<H C:<GK: =:C <ED=EJJE L:FEH :HE:J:JE DED =L IIH EHDJ:JE LHIE
=CC:H:E=::CJHC:J=KH:DJCJH:IFEHJEC:<GK:FDJH: E;CECJJHE=EIJ<
DC<ED=EJJE=CC:H:hDEH:C<@>KEHI<:=:CC:;:I
*C<ED=EJJE=CC:H::CCDJHDEhFH:;C
JJD=H<@ /3259/2
/
/9/2
C<ED=EJJE=CC:H:I::I<KJJEFH:=CCKIE 0HH C J:IJE /
/9/2
FH ICED:H C: E=:CJa =I=H:J: =
CCKD:EDEFHIF?DHC:
-EH=D =CC FEIJ:ED h HEIIE :H:D<ED
?:CCE LH= :KHHE LEC: HEJ:ED:KJE:J<:
/3259/2
2
0HH C J:IJE 22 FH :<<=H :CC:
0HH
5 FH :<<=H :CC: E=:CJa = E=:CJa=FEIJ:ED
FEIJ:ED 0HH HFJKJ:DJ C J:IJE 22 FH
0HH J:IJ
/2/5N E 62
FH ICED:H GKCCE=I=H:JEJH:FHEFEIJEFH
E=><:H C FEIJ:ED E JDH FHKJE # I IF?DHC:>KDEDICD:HC
FHE=><:HCH:F=:DJ
0HH 5/
FH <ED>H:H F:II:H /3259/2
2
35/
:CCFEIJ:EDIK<<IIL:
2?EC:ED=CCFEIJ:ED=CCEICFJH
/3259/2
/,,2
0HH C J:IJE
3 FH :<<=H :CC: E=:CJa
=FEIJ:ED
0HH C J:IJE /,,2
FH :<<=H :CC: 0HH HFJKJ:DJ C J:IJE
3 FH
E=:CJa=FEIJ:ED E=><:H CFEIJ:ED =CCE ICF JH E FH
0HH HFJKJ:DJ C J:IJE /,,2
FH =I:JJL:HCE
ICED:H C: E=:CJa =I=H:J: = =>>KIED E 6GGG@CA@@C
FH=I:JJL:HCE 0HH
3
-EH=D =CC FEIJ:ED h :JJLE FH DKJ
:JJLE=I:JJLE := DJHL:CC = I<ED= AC CE ICF JH - EFED =IFED;C IEDE
=I:JJLE /
" DKJ
/5
5
/3259/2
5/
525/+2 0HH
5 FH HFHIJD:H C FEIJ:ED
JJL:HCJH:KJE:J<EIL?C:<ED=ED= FH=>DJFHFEIJ:HCEH:
HIL?CE
JJL:HC:=>>KIEDICJH:KJE:J<Eh:JJLE 3 +/,/+. 5 +/+.
IL?C:<EDC:HE:JH:F:
JJL:HICED:HKD:CK<<ECEH:J:ICJH 5/32 +
/9/2
:KJE:J<Eh:JJLEIL?C:<EDCCCKD:ED /5N3
/+/3
JJL:HICED:HKDIKEDEHC:II:DJICJH " - "6 !)
)-0
:KJE:J<Eh:JJLEIL?C:<EDIKED=CC:D:JKH:
0HHCJ:IJE3*'2FH:<<=H :CC:E=:CJa= 0IE ?
FEIJ:ED=C3*'2
5ECK =P:<GK: C
0HHEFHE=><:HCFEIJ:EDEJDH
=C IH;:JEE
FHKJERFHE=><:HCH:F=:DJ
0HHDKEL:DJ3*'2 FHI:CL:H KI<H=:CC
CDJ:ED
CDJ:JEH *.043 5 O
FEIJ:ED )
I:JJL:HCKDJaFH:=CCPEH:<EDJH:KJE:J<E &:JJH 2FHC
IL?C:-KDJaI:<<D=:KJE:J<:DJI<ED=EC JC<E:D=E2FH
CPEHECE?E<ED>KDED=;:<BKF
JH:KJE:J<EIL?C:<EDC:<ED=EDICED:J:
-2
9/2
/2/5N
/3
8
+ 3
+9/2/
0HHCJ:IJE
/2/5NFHE=><:HC: .ED IEJJEFEHH C FHE=EJJE : >EH: <<IIL: KHJ
-EH=D=CCFEIJ:EDh
CJ:;:II: FECLHI;:C<<IIL=JFH:JKH:EK=Ja
62
.ED EJJKH:H >EH = :H:ED <ED E??JJ <E
0HH C J:IJE 62
FH :<<=H :CC: ?EHD:CJD=J<
E=:CJa=FEIJ:ED .ED H?H CKDJa D :<GK: I LHI: =C
0HH HFJKJ:DJ C J:IJE 62
FH CGK=E IKC FHE=EJJE :I<K?:HCE =:J:DJ <ED
E=><:H CFEIJ:ED =C LECK E FH KDF:DDEEH;=ECI<E
=I:JJL:HCE .EDFKCHCKDJa<ED:JH:C:;H:ILE<EHHEIL
-EH=D =CC FEIJ:ED h -LCCE = LECK .ED :DEJJH <EFEDDJ DJHD *D GKIJE
;:IIE=E:CJE E=EIDL:C=:C:?:H:D:
/H?ED <DJ>< =<CD: E?D HIFEDI:;CJa FH
/5 LDJK:C =:DD :CC >DJKH <:KI:J =:C FEIED: -IJHKED=LEDE<EFHD=HGK:DJEI?K
DJE =C FHE=EJJE IK =JHD:J JF = C?DE *C FHE=EJJE =L IIH KI:JE I<CKIL:DJ <ED C
EDIKCJ:H C IJHKED >EHDJ =:C >:;;H<:DJ =C CGK=E = L:FEH:ED <EDI?C:JE -KIE = :CJH
E;CFHKCJHEHD>EH:ED IEIJ:D FKp FHELE<:H HI<@ = DJEII<:ED E =
- :?D =C :DK:C FEIIEDE =>>HH =:CC: D<D=E
H:CJa
*C <EDJDKJE = GKIJE :DK:C DED FKp IIH *C FHE=EJJE @: IKFH>< <:C= :JJ :CCPL:FEH:ED
HIJ:F:JEID:C:KJEH:ED=C>:;;H<:DJ =?C D?H=DJ :JJL <@ DED =LEDE IIH JE<<:J
4JC:H IECE ;:JJH DKEL .ED I<EC:H ;:JJH =KH:DJCPKJCE
DKEL<ED;:JJHL<<@
25 - IF<><@ J<D<@ =C FHE=EJJE C
C EDJE =CCE I:CJDJE =C FHE=EJJE :JJDHI
<EDJDKJE =C :DK:C FH CKJDJ FEIIEDE IIH
:CC:DEJ:HC:JL:D:CC?:JE
E=><:JID:FH:LLIE
.ED I:CJH C ;:JJH L<<@ <E H>KJE
D=>>HD:JE [ D<II:HE <@ GKIJE H>KJE LD?: 25 :H:JJHIJ<@ :<<IIEH DED =IFED;C D
I:CJJE =:DJ H:<<ECJ: =>>HD:J: FH IIH JKJJ F:I 0H KCJHEH D>EH:ED HLEC?HI :C
JH:JJ:JEDE=E=EDE FHEFHEHLD=JEH
C<KD KDJa IEDE =EJ:J = KD: IJHI<: = I<KH:
FH C ;:JJH 2KELH C: IJHI<: =:C L:DE ;:JJH 5 9/2
FH:=CFHEKJCE -: JFH:JKH: =CC:<GK: DED =L IKFH:H
C <:LE >EHDJE D =EJ:ED h =:DD??:JE =L W
IIH IEIJJKJE <ED KD <:LE IF<:C E <ED KD BJ 0KCH KD: LECJ: :CC: IJJ:D: C IH;:JEE
=IFED;C FHIIE C >:;;H<:DJ E KD IKE :==JJE =CC:<GK:C:<EFHJKH:
:CC:IIIJD:
??KD?H :<GK: :C IH;:JEE E?D LECJ: <@ I
1KIJEFHE=EJJEDED=LIIHKJC:JE=: KJC:CKDJa
FHIED<EFHI;:;D<ED<:F:<Ja>I<@ 1K:D=E I FHL= = DED KJC:H CKDJa FH
IDIEH:C E DJ:C H=EJJ EFFKH FHL = ECJE JFE FKCHC: :<<KH:J:DJ ILKEJ:H C
IFHD: <EDEI<D: : DE <@ DED I JHELDE IH;:JEE :I<K?:H JKJJ C F:HJ <ED KD F:DDE
IEJJE C: IKFHLIED = KD: FHIED: HIFEDI:;C EH;=E:I<KJJE
=CC: CEHE I<KH: E :;;:DE H<LKJE IJHKED .ED H?H CKDJa E C:CDJ:JEH D :<GK: E
IKCCKIE=CFHE=EJJE=:J:CFHIED: D :CJH CGK= 0KCH C: ;:I =CCKDJa <ED KD F:DDE
*;:;D=LEDEJHEL:HIIEJJEC:IKFHLIED=KD K=E
:=KCJEFH?:H:DJH<@DED?E<@DE<EDCFHE=EJJE .EDKI:H=JH?DJE:;H:IL
/5
/+./
9/2 /+2,2
/5
/H?ED <DJ>< =<@:H: <@ GKIJE FHE=EJJE E=CCE
6" <ED>EH :CC: =HJJL: ' ' 4D:
<EF:
>H:J: =:J:J: =CC: <@:H:ED = ED>EHJ:
=IFED;C IK H<@IJ: JH:J C IHLE <CDJ =CC:
/H?ED<DJ><
!
,
5ECKKED
CB +;CCB '
3;C@ '
`
@CC@ (
5/
/5
A"_;C@+@C_ )
3A<@;@C; )
+25 5
*D/@C;C@ %
6@: %
:<
L:DJ
:<
HHH
3C<E:D=
>><@:?-
+@;@C
:CDJ:JED
<<,@;C@ &
2?CH:DKCCDJ-@EHCE?
2?C:?-:>>KIED
2?C:?-<C:H:?
2?C:?KED
2?C:?KEFJKHCF
2?C:?KEFJKH
KJE:JGK
:<JL:JED
AKIJH-:-KDEIJ-:>><@:?-
,
*
6 /5
2+5/2 ,+
/
.EKI LEKI HH<EDI =:LEH :<@Je DEJH HC:
>>KIKH:HE:JGK 5KCC CH :JJDJLDJ <I
DIJHK<JEDI J <EDIHLH < :DKC FEKH JEKJ
He>eHD<KCJeHKH
(H_< a < =>>KIKH =:Hn =IFHI:DJ C eC:D?
=:K J =@KCI IIDJCCI D CCEDI = <HEF:HJ
<KCI HIFH J :FFHe< < eC:D? F:H>Ke
-KJCI:JED =@KCI IIDJCCI J =:K <EDDK IEKI
C DE =:HE:J@eH:F FHJ =:JJeDKH C: JDIED
DHLKI J @N=H:J FK a FK C: Fh< FEKH KD >>J
:F:I:DJ
6 *
25 +25
2
0C:< C: JeCe<E:D=
=:DI<<EF:HJDJICCDIJF:IKJCIe
,+ 65
5 # 5 +
2+1 2eDJ:CI C:FF:HC :K
He?C:?I F:H =e>:KJ FHJ =DJHH =:DI CI
He?C:?I=C@EHCE?
+0HI=;H:D<@DJ=C:=:FJ:JKH
=:CDJ:JED
5
+2
!
+ 35
/,
2- 2dEJ CI I?D:K
=<E:D=*2a=IJ:D<
,,/+.-
+
>><@ JEKJI CI D>EH:JEDI
=@KHJ=He?C:?
"
,
/ 55/2 2
<JL=eI:<JLC:FF:HC E=CF:<JLe
3
>><@ C JFI HIJ:DJ FHJ =:<JLH C: -E=<EFJKH:KJE:JGKIJ:<JLe
>ED<JED =>>KIED IED D:JKHC CKhH J = He?CH C -IED:F:I:DJIJ:<JLe
<EFJKH=KJFICF -e<C:H:?IJ:<JLe
+235
5EKI FHJ = LIK:CIH C IJ:JKJ -:=>>KIEDIJ:<JLe
:<JLe =K <EFJKH :KJE:JGK =DJHH =:DI CI 0CI>:;CIEK:K<KDFC
He?C:?I=K<EFJKH !
EH:J=:>><@:?=C@EHCE?@
/2/5
K?DJ =DK C: CKDEIJe = *<nD
0
C:>><@:?-#E=>CIL:CKHI=KHe?C:? " )EHCE?2e?C:?I
/,,/2 5EKI FHJ =:CJHDH DJH CI
IeC<JEDI /. 2'0'3'2 /./
I<ED=I +2 + 5
/
/
0HJ =:CJHDH DJH CI IeC<JEDI
/ 55/2
2EK?EH:D?A:KDLHJ;CKLECJ;EK<C 2JH CIEC:DJ = FHEJ<JED = C: FC :L:DJ JEKJ
! 20HJ=:CJHDHDJHIEDI:F:I:DJI KJCI:JED
62
# 0HJ =:CJHDH DJH CI LECKI 5HI C :K =:K =K HE;DJ a
IeC<JEDD:;CI#E=>CIL:CKHI=KHe?C:? JFeH:JKH:;:DJ=:DICHeIHLEH=:K
" +
%%' =eAaDIJ:CCeI
AEKJGKCGKI?EKJJI=@KCIIIDJCCI
2JJC<EKLH<CDFC:<
&H:D<@C:=:FJ:JKHI<JKH
,,/+.-
+
FFKN IKH C ;EKJED = C: JeCe<E:D=
D>H:HEK? IKH C <EF:HJDJ = C: JeCe<E:D=
FEKH C: HJHH
FHhI :LEH KJCIe C: JeCe<E:D= HFC:<C:
=:DIIED<EF:HJDJ
!
FFKN IKH C ;EKJED =:CDJ:JED FEKH JJH
C:FF:HCIEKIJDIED
! "
4 . F:I KJCIH =:K =IJCCe :L< <
FHE=KJ -: JFeH:JKH = C:K D =EJ F:I =eF:IIH
W
,
JJC:FF:HC@EHIJDIEDJ=e;H:D<@C:FHI IeC<JEDDH C E= = =>>KIED =eIHe EK FEKH
eC<JHGK:L:DJ==eFC:<HC:FF:HCEK=C =eI:<JLHC=>>KIKH
DJJENH -EH=H = He?C:? IJ C IKL:DJ
<JLe FD=:DJ
3D_D DKJI :<JLe FD=:DJ I<ED=I J
3EKHD C FHE=KJ C: >:< :L:DJ =L:DJ LEKI =eI:<JLeFD=:DJI<ED=IJ/
-:>><@:?-LEKI>:I:DJ>:<
5=C:K=K<nJe?:K<@
4 C LECK =:K IJ DIK>>I:DJ EK
/32
55 . F:I L=H C:K F:H C JKN:K =:H EK IC DN : FCKI =:K C<nD <C?DEJH: FEKH LEKI
D=GKH GK C LECK =:K IJ ;:I JJ JEKJ
=I:KJHI<nJeI=C:KFeDhJH=:DICJKDDC =:;EH= C:FF:HC @EHI JDIED HFCII C
=:eH:JEDFD=:DJCJH:DIFEHJCIJDEH:CGK= HeIHLEH=:KFKIJJC:FF:HCIEKIJDIED
C:KIe<@:FF=K>ED=-DJeHKH=KJKDDC=:eH:JED . =H? F:I C: IEHJ = L:FKH LHI CI K;CI
IJ<EDdKFEKHHeIIJHaC:K5KCC:JJD=HGKC EKCI:FF:HCIeC<JHGKI
JKDDC=:eH:JEDIEJI<:L:DJ=CKJCIH
-
-
+
/
-
FFKN IKH C ;EKJED +
/
- FEKH DJHH
=:DICE==He?C:?
FFKN FCKIKHI >EI IKH +
/
- FEKH
IeC<JEDDH C E= =e<C:H:? =eIHe EK FEKH
=eI:<JLHCe<C:H:?
-
- ,2+5/2 -EH=H = He?C:? IJ C IKL:DJ HEK? EH:D?
A:KDLHJ;CKLECJ;EK<CJ/
-
5
.2
2-
FFKN IKH
5 FEKH DJHH =:DI C E= =
-
- 2
He?C:?
FFKN IKH C ;EKJED 2 FEKH DJHH =:DI C
FFKN IKH CI JEK<@I =
/2/5 EK E==He?C:?
62
FEKH E=>H CI He?C:?I EK :DJD
FFKN FCKIKHI >EI IKH 2 FEKH IeC<JEDDH
CIED:F:I:DJ=eIHeEKFEKH=eI:<JLHCIED
CI JEK<@I FEKH E=>H H:F=DJ CI -EH=H = He?C:? IJ C IKL:DJ IEDI :F:I:DJI
He?C:?I
FFKN IKH C: JEK<@ +235
FEKH J/
<ED>HHCHe?C:?J:IIH:KIKL:DJ
-
- +235
3
-EH=H = He?C:? IJ C IKL:DJ
EH:J 3 A_C _<< ;AC
-
-
/,,/2 A
FFKN IKH C ;EKJED
3 FEKH DJHH =:DI C
FFKN IKH C ;EKJED = /,,/2 FEKH DJHH E==He?C:?
=:DICE=He?C:?
FFKN FCKIKHI >EI IKH
3 FEKH E=>H
FFKN FCKIKHI >EI IKH /,,/2 FEKH CI F:H:hJHI =K <EFJKH CF EK FEKH C
3DCAC@C
//5/
/5/2
,
3
FFKN IKH 2''3 FEKH GK C:FF:HC HLDD
5+
FFKN =K >EI IKH
3 FEKH
:KHe?C:?IF:H=e>:KJJFEKHHe?CHC@EHCE?
E=>H C He?C:? =K JFI CF /
"
DKJI +
+5
/5/4
-
- +235
525/4 583 +
/35/2
+5/65/2
33
/
3
/+/3
eC<JEDDCI<ED=JEDI=HeLCDKJKH
:KJE:JGK:C:H )'0 "-"6!)
<JLC:=>>KIEDD<:I=HeLCF:HDKJKH !D!D! D
:KJE:JGK:C:H:L<:HE:J@eH:F 0E=I ? E
<JLJIeC<JEDDKD<EKCKH=Pe<C:H:?=eIHeD
<:I=HeLCF:HDKJKH:KJE:JGK:C:H:L<e<C:H:? :F:<Je=K C
<JLJIeC<JEDDKDIED:F:I:DJD<:I=HeLC HeIHLEH=P:K
F:HDKJKH:KJE:JGK:C:H:L<IEDI=C:D:JKH
CDJ:JED
=:FJ:JKH I<JKH DJHe 5
FFKNIKH3*'2FEKHDJHH=:DICE=He?C:?I
O )&:JJH 2EJEDJHEC
=KDKJKH
FFKNIKHFEKHE=>HCIF:H:hJHIEK:DJD 2
FEKH<@:D?HH:F=DJCIHe?C:?I )EHCE? ;:JJH=I<EKHI
FFKNKDDEKLCC>EIIKH3*'2FEKHDH?IJHH 2
JIEHJH=KE=He?C:?
'J?DCP:FF:HC:L:DJCP@KH=P:<JL:JED
C:H
=KDKJKH:KJE:JGK-P:FF:HCI:<JLH: 3
+5/2
:KJE:JGKDJ<ED>EHeDJ:KHe?C:?=KDKJKH
:KJE:JGK:C:H:L<CI<ED=JEDIIeC<JEDDeI . F:I IEKJJH C FHE=KJ a KD >EH< <IIL :K
<@E< a C: FEKIIhH :K <@:D?DJI = JFeH:
05
/2/5
,,/+.-
+ JKHEKaCP@K=Je
FFKN IKH C ;EKJED
/2/5 FEKH <@:D?H . F:I <EKLHH CI JHEKI = LDJC:JED :L< =I
C:CKDEIJe AEKHD:KH=:KJ<
-EH=H=He?C:?IJCIKL:DJ ):KJJ;:II . F:I H?H C FHE=KJ =:DI C:K LEKI
62
2 HDLHI =K CGK= IKH C:FF:HC Ie<@C e=
FFKN IKH C ;EKJED 62
FEKH DJHH =:DI :JDJ:L<KDJIIK=EK
CE==He?C:? . F:I DJJENH C:FF:HC :L< =I :JeH:K
FFKNFCKIKHI>EIIKH62
FEKHE=>H <EHHEI>IEK:;H:I>I
CIF:H:hJHI=KLECKEKFEKH<EKFHCIED . F:I JH:>GKH CI <EFEI:DJI DJHDI C:
-EH=H = He?C:? IJ C IKL:DJ .L:K = DL:C=H:LEJH?:H:DJ
LECK;:IEND@:KJ
,
.KJCI GK =I FCI DKLI . F:I eC:D?H KFHLI CI D>:DJI FEKH LEKI :IIKHH GKCI D
=IFCIDKLIJKI:?eI AEKDJF:I:L<C:FF:HC
-I :?I = < :DKC FKLDJ =>>eHH = C:IF<J -I DIJHK<JEDI =ELDJ <EDJDH CI eCeDJI
HeC=KFHE=KJ IKL:DJI
-EHIGK LEKI =eIH LEKI =e;:HH:IIH = < FHE=KJ -:FF:HC D =EJ fJH KJCIe GK:L< C FHE=KJ =
:IIKHLEKI GKPC IEJ <ECC<Je IeF:HeDJ FEKH KD L:FEHI:JED H<E:D=e 4JCIH =:KJHI
JH:JDJ:=:FJe IK;IJ:D<I FKJ DJH:jDH =I HIGKI =D<D= EK
- FEIH IKH <HJ:DI IKH>:<I D ;EI FKJ =IHIGKIJEGKI
D=E:?H C: >DJED =K K;C J /H?ED 0EKH CI :FF:HCI =H<JDJ ;H:D<@eI =:DI CI
<DJ>< D FKJ D fJH JDK HIFEDI:;C FHII = <EKH:DJ I CeCeL:JED = C: JFeH:JKH =I
EDIKCJ CI II D ?:H= =K >:;H<:DJ =K K;C IKH>:<I :<<II;CI FD=:DJ C JIJ = C: <C:KI
FEKH=FCKI:FCID>EH:JEDI <h= C: L:CKH =e>D FEKH CI FE?DeI ECJJI
- <EDJDK =K FHeIDJ :DKC D FKJ fJH HFHE=KJ FHII EK F:HJI IC:HI FD=:DJ KD <EKHJ =KHe
I:DIC:FHIIED=K>:;HGK:DJ D E= = >ED<JEDDDJ DEH:C CI DIJHK<JEDI
. F:I AJH CI FCI KI:?eI =:DI CI <EDJ:DHI =ELDJD<CKH<GKIKJ
KD<F:K DED :=:FJeI5KCC >><JKH C JH = -:FF:HC =IFEI = IKH>:<I <@:K=I FEKH
<IEH=KHIFEKHKDJH:JDJ:=:FJeIDe<II:H eL:FEHH CI D?He=DJI :<J>I D JEK<@ F:I <I
5KCC H:HGKH GK <HJ:DI :FF:HCI IEDJ IKH>:<IFD=:DJCKJCI:JED
eGKFeI =KD ;:D= = Ie<KHJe2JH C: ;:D= =K
4 -I <:H:<JeHIJGKI J<@DGKI = <
<EF:HJDJ=IFCI:L:DJC:FHhHKJCI:JED
FHE=KJ J C <EDJDK = < :DKC FKLDJ fJH IEKI
C <EH=ED =:CDJ:JED IJ D=E:?e C =EJ
aE=><:JEDII:DIFHe:LI
fJH HFC:<e F:H KD <EH=ED EK KD :II;C:?
IFe<:C =IFED;C :KFHhI =K >:;H<:DJ EK IED :?DJ
4 :H:<JeHIJGKI J :<<IIEHI D IHEDJ
=:DJD:D< F:I L:C:;CI FEKH JEKI CI F:NI0EKH FCKI =D>EH:JED
J :FF:HC D =EJ F:I fJH KJCIe F:H =I FHIEDDI <EDJ:<JHC=eJ:CC:DJCFCKIFHE<@
J =I D>:DJI :K <:F:<JeI DJ:CI IDIEHCCI
J F@NIGKI He=KJI EK D:N:DJ F:I CFeHD< J 5
5/
C: <EDD:II:D< HGKII I:K> I CCI EDJ HdK CI -: JFeH:JKH = C:K D =EJ F:I =eF:IIH
DIJHK<JEDI =KJCIH C:FF:HC EK IEDJ IEKI C: W
IKFHLIED =KD FHIEDD HIFEDI:;C = CKH .JJEN C HeIHLEH =:K J C <EKLH<C KD >EI
Ie<KHJe F:HI:D
JJ = C:K >H:j<@ =:DI C HeIHLEH a <@:GK
,
>EIGKLEKIKJCIC:FF:HC
.JJEN DJhHDJ C:FF:HC L= C:K =K
HeIHLEH J Ie<@ CI Fh<I :L< KD JIIK I< J
=EK I LEKI D:L F:I CDJDJED =KJCIH
C:FF:HCFD=:DJKDFeHE=FHECED?e
.H? F:I C:FF:HC D C ;H:D<@ F:I
IEKI C:K EK =:KJHI CGK=I .JJEN C: ;:I
:L<KDJIIK@K=
. F:I KJCIH = FHE=KJI =DJHJD EK =
=e<:F:?
23 "R+
5/2 +2,2
/5R
0:H C: FHeIDJ /H?ED <DJ>< =e<C:H GK 6" IJ
<ED>EH a C: =H<JL KHEFeDD ' 4D
<EF I?De J =:Je = C: =e<C:H:JED = <ED>EHJe IJ
=IFED;CIKH=:D=:KFHhI=DEJHHL<CDJ
!
GCZ: 5;=@;=C@ '
6;=CK@=@ (
C@< )
* / -
/5- "1@CZC?Z@< )
X:2<@;@C; )
/.
5
1G@C@< %
X:;=C%
5EH=H:DI<@J
2s<B:DI<@J
HD;=DKD?
-
D?
C;=CC
JHELHIEH?KD?
@C@<,@?C@@ &
4@H:DKCC 'DIJCCD
'DIJCCKD?I8HIJ:K;HI
`
'DIJCCKD?H&CK<@JKD?
'DIJCCKD?I,C:D?I
'DIJCCKD?S'DQI
KJE3HI
)CC?BJI-'DIJCCD
1
9 /
/5-
X+1/+.5
6H =:DBD *@DD >sH =D 'HMH; =I HC:
HE:HIJ`K;HI -ID ;JJ =I
DCJKD?
IEH?>`CJ? =KH<@ KD= ;M:@HD I :K> K IF`JH
=:HDD:<@I<@C:?DKBoDDD
KH<@
K>IF:CJKD? DH I<@KD? :KI 6:IIH KD=
`J@HI<@D \CD D CCEDD LED BHEF:HJBCD
BoDDD D IEC<@ K>JIID J =I
HE:HIJ`K;H D>:<@H D:JD 5HMD=KD?
LED `J@HI<@D \CD KD= 6:IIH R :CI
HE:J@H:F
;B:DDJ R @C>J *@DD =:; *@H .HLDINIJ K
;HK@?D KD= A=D 2:K :CC`@C<@ K @N=H:JIHD
KDDME@CJKD=D'>>BJKHK?D ,
* / -
HD;=DKD? IECCJ ;
X*
/+.5 .<@J;DKJKD?@HFC:JHJMH=D
5 # .
/5
, * / -
!
/
" 3,M-
'F>`D?J =:I ?D:C =H
*2
HD;=DKD?
+"9 /- 8?J :CC :JD >sH 4@HJ KD=
'DIJCCKD?D:D "
5
2 (H`JD:KII<@:CJD
2
'DI<@C:>E=KIIJ:BJLHJ/.
3 2IJC<@ 8J :D?D# 'DI<@C:>>KDBJED E=KI>sH:KJE 3HIJ:BJLHJ/.
J 8HIJ`K;KD? .:JKHBC:D? &CK<@JKD? &HK@?D=H,C:D?IJ:BJLHJ/.
:BJLHD#'DI<@C:>JHDIJCCD &CK<@JKD?IJ:BJLHJ/.
5/
J:JKI '*. =I :KJE 3HI :D?D# 8HIJ`K;KD?IJ:BJLHJ/.
3HDIJCCKD?D:K>HK>D &:JJHDI<@M:<@BD&:JJH
.
-
*
+.5-
Hs<BD :K> *
+.5- K =D
'DIJCCKD?IE=KI:K>KHK>D
Hs<BD M=H@ECJ :K> *
+.5- K
/5
/5
:KIKI<@:CJD
Hs<BD :K> 2''3 K =D 'DIJCCKD?IE 2@D>EC? =H 'DIJCCKD?D C:KJJ 2EJ
=KI:K>KHK>D /H:D? (C; (HsD &C:K 5ECJJ 8NBCKI KD=
Hs<BD :K> .
/-1 /5 E=H
4
-
433X2,' K = 'DIJCCKD?D K `D=HD
E=H @:CJD R ?=Hs<BJ K = 'DIJCCKD /5
- 1
-
?DH:I<@K`D=HD E LHIJCCD = 'DIJCCKD? =I 'DI<@C:>J
Hs<BD :K> 5/
K = 'DIJCCKD? K HI
;IJ`J?DKD=KHD`<@IJDs;HK?@D Hs<BD :K>
3 K =D 'DIJCCKD?IE
2@D>EC? =H 'DIJCCKD?D C:KJJ =KI:K>KHK>D
JKD=D>EH:JKD=4@HJ
Hs<BD M=H@ECJ :K>
3 K =
/5
-J /H 525/
'DIJCCKD? =H -:KJIJ`HB K `D=HD E=H I
:;KI<@:CJD
KIM:@C=H
BJLHKD?=I:KJE3HI
C:H
2@D>EC? =H 'DIJCCKD?D C:KJJ
=H6<B;=D?KD?
-:KJIJ`HBF?CD=H?JJC@E<@
8HIJ`K;HDI<@:CJDK:KJE3H
C:HJ
HE:J@H:FK:BJLHD
5
'DI<@:CJDKD=D&CK<@JKD?I>:H;:KIM`@CD Hs<BD :K>
5 K =:I (H`J :K> =
K:KJE3H
C:HJ&CK<@JKD?K:BJLHD J:D=:H=DIJCCKD?D KHs<BKIJD KD= = 4@H
'DI<@:CJDKD=DD;HK@?D=D,C:D?:KIM`@CD DKIJCCD
K:KJE3H
C:HJ.:JKHBC`D?DK:BJLHD
Hs<BD:K>3*'2K=D'DIJCCKD?IE=KI 5 +./+. 5
=I3*'2:K>KHK>D
Hs<BD:K>K='DIJCCKD?DK`D=HD 583 * +.
/*-
E=H@:CJD?=Hs<BJK='DIJCCKD?DH:I<@ */ /. /5
K`D=HD ! " "
)&3
Hs<BDHDKJ:K> 3*'2K='DIJCCKD?K
IF<@HDKD=K;D=D (M<@J ?
<@:CJD=:I(H`JLEH
BJLHKD?=H
C:HJ
6:IIHJ:DB C
=I:KJE3HI:KI:I(H`JMH=DJIFH<@D==
5ECKD
:KJE3H
C:HJ=H?M`@CJD&=D?KD?
:KJE:JI<@D?I<@:CJJ JHELHIEH?KD? .JJC 'D?:D? 5O
)
.
/-1 /5
+ /5
o;C@HIJCCHI
62
/+.5K. H *D@:CJ =IH
DCJKD? =:H> E@D (D@?KD?
=I)HIJCCHID<@JLHLC>`CJ?JMH=D
JD =:I (H`J BDH JHD (M:CJD 5H;H:K<@J &:JJHD ?@oHD D<@J D =D ):KIsCC
MHBKD? KD= BDD JoVD :KI KD= @:CJD I &JJ ?;D I ; DH :CIJCC >sH
LED s;H`V? J:K; )J E=H
K<@J?BJ
CJ;:JJHD;MED=HsCC:;
>HD &JJ ;:<@JD =:II :D<@ (H`J J D
=sH>D = &Cs>JKD?Io>>DKD?D D<@J J (?D &:JJHKDJH;H<@KD?IIJH>D ;IJs<BJ ID= 5EH
IJ`D=D :;=<BD M & 8JKD?D 5EH@`D? = HIJD (;H:K<@ sIID =D JH>D :KI
KIM =&:JJH>:<@@D
3:K<@D =:I (H`J D:CI D 6:IIH
:CCI 6DD =:I .JB:;C ;I<@`=?J IJ KII I =KH<@
D
CsII?BJ s;H =:I (H`J LHI<@sJJD JHE<BDD D IFCCI ,:;C E=H &:KJC HIJJ MH=D =:I
IIE>EHJJDM<@D>:IH>HD 3K<@ ; )HIJCCH E=H ID HL<LHJHJH
2D?D =:I (H`J BDI>:CCI J I<@KHD=D H@`CJC<@IJ
E=H`JD=DJJCD II (H`J IJ D<@J >sH = 5HMD=KD? =KH<@
:<@D I<@ D<@J :D =D DJHDD ,EFEDDJD 0HIEDD DI<@CVC<@ ,D=H J LHD=HJD
=I (H`JI K I<@:>>D =: =I K D 5HCKIJ =H F@NII<@D IDIEHI<@D E=H DJ:CD
`@?BJD
(:H:DJ>s@HDB:DD ;M >@CD=H 'H>:@HKD? KD= :<@BDDJDI
5HMD=D DKH DK &:JJHD 5HMD=D LEH?I@D IE>HD =I D<@J LED DH 0HIED
BDI>:CCIDKKD=:CJ&:JJHD?DI: ;:K>I<@J?J E=H s;H = 5HMD=KD? =I (H`JI
D =IH
DCJKD? =:H?IJCCJD
;;C=KD?D DIJHKHJ MH=D = >sH =HD <@H@J
BoDDDI<@LE/H?D:CKDJHI<@=D LH:DJMEHJC<@IJ
'DJIEH?D =:I 0HE=KBJ D<@J :CC?DD ,D=H IECCJD KD;=D?J ;:K>I<@J?J MH=D K
):KIsCC IED=HD :KII<@CVC<@ D =D =:>sH I<@HKIJCCD=:IIID<@JJ=(H`JIFCD
LEH?I@DD BEKD:CD :CIJCCD =
DMIKD?D IECCJD D@:CJC<@
EC?D=I
;*@HH(D=H>H:?DBoDDD DJ@:CJD
6DD =II 0HE=KBJ :K> ;IJJ )EC>C`<@D :I (H`J =:H> DKH J = F>E@CDD
?IJCCJ MH= B:DD = /;H>C`<@ ;I<@`=?J MH=D 5H=:F>KD?I=K LHMD=J MH=D
/H?ED <DJ>< IJ D<@J @:>J;:H >sH IEC<@ 5HMD=KD? LED :D=HD K;IJ:DD B:DD K D
&I<@`=?KD?D 'DJIFH<@D= )DMI 5H?>JKD?IE=H&H:D=HIBE>s@HD
DJD@D ;JJ =H 0>C?:DCJKD? *@HI 6DD ; (H`JD = =HBJ :D J<B=EID
:D?I<@CEIID MH=D =H 3FH:JKH:DIJ? LED
"12,2
/5M5
1
M
-
K?`D?C<@D /;H>C`<@D ; =H ];HFHs>KD? LED
,C:KIC =D 6HJ s;HI<@HJJ =H >sH ,CDBD )HJ HBC`HJ /H?ED <DJ>< =:II 6" J =H '
2<@JCD ' s;HDIJJ 'D ,EF =H
,DoF> ):D=?H>> KD= `@DC<@ 3C LEH?I<@H;D
KDJHI<@H;DD KD= J :JK LHI@DD
IJ = DKH ; DEH:C (;H:K<@ >sH BKH ,ED>EHJ`JIHBC`HKD? H@:CJD :K>
D>H:? s;H KDIHD
8JH`K ?@:CJD MH=D IECCJD =
DMIKD?D /H?ED<DJ><,KD=D=DIJ
D@:CJC<@
EC?D=IDJ@:CJD
:I (H`J MIJ @V
C`<@D :K> K = 6HBIJE>>
K LH=:F>D# =I
C`<@D =sH>D M`@HD= =H
&DKJKD?=I(H`JID<@J;Hs@HJMH=D
5-
3FH:JKH =I 6:IIHI IECCJ U D<@J
s;HI<@HJD
2D?D =D 6:IIH;@`CJH KD= =
;=<BKD?
Mo<@DJC<@
'HDKHD =:I 6:IIH 6:IIH;@`CJH A=I :C
MDD=:I(H`JLHMD=D
2D?D =:I (H`J LECCIJ`D=? DJCHD =:I
6:IIH :KI = 6:IIH;@`CJH KD= JHE<BDD :CC
3C J D M<@D JHE<BDD 3K<@ MDD =:I
(H`Js;HDDC`D?HD8JH:KD<@JLHMD=D
3:K<@D ?:D (H`J D:CI D 6:IIH E=H D
:D=H
CsII?BJ 2D?D = &:IID@J J D
>K<@JD 3K<@
5HMD=DBD2D?KD?IE=H<@KHJJC
!
0:H:2?KC:H-:-KDEI=:=
5ECKD
,;=5_;@; '
3;;b@ (
/2 @C@@C
)
I;;b@+@ )
S/+ :2<@;@C; )
*D3@C;b@ %
@%
5IJ:
HEDJ:C
5IJ:0EIJHEH
:D=E
IJ:D<:
0:DJ:CC:-<=
+b AG
KDJ
CDJ:<mD
+@<;b@,@;@ &
AKIJ:DK:CC 2CEA
ED>?KH:<mDC>KIEH
ED>?KH:<mD-:-K
ED>?KH:<mDED=E
ED>?KH:<mDC3FEH:=EHI<EDmD
ED>?KH:<mDC3FEH:=EH
KJE^J<E
<JL:=E
*
6 3
5+/T 6/5325
/2
(H:<:I FEH @:;H :=GKH=E C HC:=>KIEH =
:HE:I 0EH >:LEH C: =JD=:DJ IJ:I
DIJHK<<EDI N ?K:H= C :DK:C F:H: <EDIKCJ:HCE D C
>KJKHE
'IJ =>KIEH = :HE:I =L= KD: <C: = :?K: N
:<JI ID<:CI D CCEDI = <HEF:HJi<KC:I N C
FHJ HIFH:H ^I >^<CDJ IJ: <C: :HE^J<:
'IJ KIE = :<JI ID<:CI N :?K: <EDE<=E <EE
:HE:JH:F: :NK=: : HC:A:H CEI DHLEI @=H:J:H
?H:=K:CDJ <K:CGKH @:;J:<mD CE <K:C JD KD
><JE<:C:DJ
25 +25
2
'C :D=E : =IJ:D<: I
?K:H=::GKiDJH:IDEIKJC:
5 # 5 +
2+1 -: KD=:= LKCL : CEI
6/5,
25
:AKIJI FH=JHD:=EI N : <EDJDK:<mD FE=H^
<ED>?KH:HC:@EH:
+ 3E: F:H: <ED<J:H :C :=:FJ:=EH = <EHHDJ
=
2/5+/
!
+ 352
/
2<F<mD = Il:C = *2 =C
:D=E:=IJ:D<:
35
+ KIJH: JE=: C: D>EH:<mD =
@EH:N<ED>?KH:<mD "
/ 5+/T 2
'D<D=HN:F:?:HC:KD=:= E=E=JFEH:=EH==I<EDmD:<JL:=E
5 32
/92
+2 7/T 5H JFE E=E=JFEH:=EH:KJE^J<E:<JL:=E
HIJ:DJ# :<JL:H >KD<mD = HFJ<mD = :C:H: <ED ED=E<:C:DJ:<JL:=E
=>KIEH IED=E = C: D:JKH:C: CK# <ED>?KH:H -K:<JL:=:
JFEH:=EH==I<EDmD >KIEH:<JL:=E
5 32
/92
5H IJ:=E =C JFEH:=EH -:IFC:IIJ^D<:I:?EJ:=:IDE@:NFC:I
:KJE^J<E:<JL:=E#<ED>?KH:HC:@EH: !
EH:JE=HCEA=@
/2/ # " C<<ED:H CKDEI=:= :CJ:;:A:
0
=C:F:DJ:CC:-#E=><:HL:CEHI=C:AKIJ " 2CEAED>?KH:<mD
/,2
C<<ED:H EF<mD /. 2'0'
3
/./
I<ED=I /
I =<H :<JL:H :<JL:H +T2 3 9
N=I:<JL:HI?KD=EI=I:<JL:H
9 C<<ED:H <ECEH 2EAE .:H:DA:
:HCCE , 5
/ 5+/T
5H=
KCEH:=E
CJHD:D<: 2JH C: <K;HJ: =C <EF:HJDJE F:H: FC:I
! 2/2 C<<ED:H KDE = CEI IED=EI :DJI=KJC:HC:KD=:=
HC:A:DJI *DJHE=K<: KD ^E = C = :?K: =C ?H>E :
62
# C<<ED:H DJH LECrDI = JFH:JKH::;DJDC=FmIJE
IED=E#E=><:HL:CEHI=C:AKIJ
l:=:KD:I?EJ:I=:<JIID<:CI:C:?K:
" +
%%' N:DIJ:C:=:I 5KCL::<ECE<:HC:<K;HJ:
ED<JC:=:FJ:=EH=<EHHDJ
35
+ 0KCI C :D=E : =IJ:D<: IJK:=E D C
<EF:HJDJE =C :D=E : =IJ:D<: F:H: I:<:HCE
NFmD?:CKD:FC:
IFKeI = KJC:H C :D=E : =IJ:D<: ?K^H=CE
DC<EF:HJDJE<EHHIFED=DJ
! 0KCI 32
F:H:FEDHD:H<@:C:KD=:=
KJC<:<JIID<:CIIECK;CID:?K: -: I<KD<: = <ED>?KH:<mD I :<JL:=E
DJI=ELHECF:HC:KD=:=:F^?KC:N =KH:DJ DKJEI :CJHD:D<: DJH DKJEI
=ID<@r>C: :<JL:=ENDKJEI=I:<JL:=EN=I:<JL:=E
+b;<
e C: LKCJ: : C: KD=:= F:H: LH C: F:HJ >HEDJ:C =C 25 C: KD=:= DE <EDJD :?K: E DE <EDJD
FHE=K<JE C: F:DJ:CC: - JD GK GK=:H @:<: IK><DJ :F:H<H^ C <EDE F:HF:=:DJF:H:
KIJ= D=<:H GK C DLC = :?K: I =:I:=E ;:AE
5HJ:C:?K:FEHC;EH=GKH=E I:<JL C: KD=:= DJHE=K<: KD: <:DJ=:=
/32
55 .E LHJ: C :?K: =I= C <ED=K<JE IK><DJ=:?K:N:<JiLC:=DKLE
=:HDFEHEJHEIC:=EI=KH:DJCJH:DIFEHJDJH:I 'C <@EHHE DE =;Hi: IJ:H =H?=E : K;CI D
:?K:DC<ED=K<JE=:HC:?K:I:C=H^FEH=;:AE :F:H:JEICe<JH<EI
'IJEIDEH:C'CDJHEH=C<ED=K<JE =:HIHIIJDJ
:C:?K:0EH>:LEHIFH:GKC<ED=K<JE=:HI +2,/-
+/T
9
IGK:DJI=KJC:HCE
0KCI-48F:H::<<=H:CE=E=<ED>?KH:<mD
0KCI -48 HFJ=:DJ F:H: IC<<ED:H C
E=E=CKD:<mD=I:=EE:F:?:HC:CK
-: I<KD<: = <ED>?KH:<mD I HEAE D:H:DA:
::HCCE LH= :KC EH:=E :CJHD:D<: N
+2,/-
+/T ,+/2 =I:<JL:=:
05
20 +2,/-
+/T 2/2
0KCI
5 F:H: :<<=H :C E=E = <ED>?K 0KCI 2/2 F:H: :<<=H :C E=E = <ED>?K
H:<mD
0KCI
/2/ E 62
JE <@:D? J@ H:<mD
IJJD?I EH FHII :D= @EC= R JE H:F=CN <@:D? 0KCI 2/2 HFJ=:DJ F:H: IC<<ED:H C
J@IJJD?I E=E = IED=EI <:C:DJI =I:=E E :F:?:H C
0KCI 5 32
/92
F:H: <ED>H:H N F:I:H :C IED=E
I?KDJ:AKIJ -: I<KD<: = <ED>?KH:<mD I IED=EI
-: I<KD<: = <ED>?KH:<mD I
EH:JE =
m@@EH: <:C:DJINIED=E=I:<JL:=E
+2,/-
+/T
/,2
+2,/-
+/T
5 32
/92
0KCI /,2
F:H: :<<=H :C E=E = <ED>?K +2 7/T
H:<mD
0KCI /,2
HFJ=:DJ F:H: IC<<ED:H 0:H::<JL:HCJFEH:=EH==I<EDmD
CE=E=I:=EE:F:?:HC=>KIEH 0KCI 5 32
/92
+2 7/T
0KCI 5 32
/92
+2 7/T 3
-
/2/
HFJ=:DJ F:H: IC<<ED:H JFE = =I<ED
mD E =I:<JL:H C: >KD<mD -: I<KD<: = 0KCI
/2/F:H: E=><:H C: CKDEI
<ED>?KH:<mD DKJEI I " N =:=-:I<KD<:=<ED>?KH:<mDI
CJ:N;:A:
=I:<JL:=E 62
3DCAC@C
5 32
/92
+2 7/T 0KCI 62
F:H: :<<=H :C E=E =
+2 02 0KCI 5 32
/92
+2" <ED>?KH:<mD
7/T =EI L<I F:H: :<JL:H C JFEH:=EH = 0KCI 62
HFJ=:DJ F:H: IK;H E ;:A:H
=I<EDmD I IJ^ =I:<JL:=E =I:<JL:=E CLECKDEF:H:=I:<JL:HCE
" D -: I<KD<: = <ED>?KH:<mD I 5ECKD ;:AE
LECKD=ELECKD:CJE
+2,/-
+/T
5 32
/92
//+/2
52L5/+2+5/62 0KCI
//+/2 F:H: LECLH : C: <ED>?KH:<mD
0ED?:CJFEH:=EH:KJE^J<ED/.:C:H: FH=JHD:=:N<ED>?KH:HC:@EH:
EF<mD==IFHJ:H
<JLC=>KIEHICJFEH:=EH:KJE^J<EIJ^D ,/+.5R+/+
/.:C:H:<ED:HE:JH:F:
<JLC=>KIEHNCA:KD<ECEH=CKICJFEH:=EH 5/32 +
/3+/T
:KJE^J<EIJ^D/.:C:H:<EDCK /3
/+/3
<JLC=>KIEHNCA:KDIED=E<:C:DJIC
0 " " !
JFEH:=EH:KJE^J<EIJ^D/.:C:H:<EDKD
IED=E=C:D:JKH:C: 0IE ? E@D&:JJH
0KCI3'0/2*8
/2F:H::<<=H:CE=E= 5ECKD=C C
<ED>?KH:<mD=CJFEH:=EH =FmIJE=:?K:
0KCIF:H:E=><:HCEI:AKIJIEFKCIRN
:DJeD?:CEFKCI:=EF:H:<:;:HH^F=:DJCEI:AKIJI
0EJD<:
=:FJ:=EH = :CDJ:<mD DJH:=:
0KCI3*'2=DKLEF:H:?K:H=:HC:<ED>?KH:<mD
= 5 O )
NI:CH
&:JHi: <EDJHECHEJE 2
F:?KC:KD=:=:DJI=GKCJFEH:=EHCC?K:
2CEA=<EF:= I?KH=:==C: ;:JHi:
C:@EH:=C::C:H:-: KD=:=I:<JL:H^:KJE^J<:DJ 2
I?rDCJFEH:=EH:KJE^J<E:C:H:DCE=E
IC<<ED:=E
3
++/T 3D?: D <KDJ: GK :C?KD:I KD=:=I =IFEDD =
KD: <DJ: = I?KH=:= F:H: C:I FC:I 2JH C: <DJ:
.E FED?: C FHE=K<JE : >KH: JH: =I<:H?:I = <EF:HJDJE F:H: FC:I :DJI = KI:HCE FEH
FECLE>CK<JK:<EDI=JFH:JKH:E@K=:= FHH:L
.E <K;H: CEI EH><EI = LDJC:<mD <ED E;AJEI <EE C <:;C = :CDJ:<mD FHIDJ: =:lEI =;H^
FHm=<EI<EHJD:IJ< HFC::HI FEH KD <:;C E <EFEDDJ =C
.E IKHA: C =IFEIJLE D :?K: I LHJH: >:;H<:DJEIKHF:H:=EH<K:C><:=E
CiGK=E D C: KD=:= CiFC: <ED KD F:lE IK:L N ID 'IJ =IFEIJLE DE IJ^ FDI:=E F:H: IH KJC:=E
C<JH<=:=IJ^J<: FEH FHIED:I D<CK=EI DlEI <ED <:F:<=:=I
.E CF C: KD=:= <ED :JH:CI :;H:ILEI E >iI<:I IDIEH:CI E DJ:CI H=K<=:I E ;D
<EHHEILEI >:CJ:I = FHD<: N <EDE<DJEI : DE IH GK CE
.E :DFKC CEI <EFEDDJI DJHDEI @:<HCE KJC<D ;:AE IKFHLImD E @:;D=E H<;=E
IDL:C=:Hi:C:?:H:DJi: DIJHK<<EDI HC:JL:I :C KIE =C =IFEIJLE FEH F:HJ
4I IFH FC:I DKL:I .E <C FC:I LA:I <ED =KD:FHIED:HIFEDI:;C=IKI?KH=:=
FC:IDKL:I -EI DlEI =;Hi:D IJ:H IKFHLI:=EI F:H: GK DE
-:I ^?DI = IJ: ?Ki: F:H: C KIK:HE FK=D FK=:DAK?:H<EDC=IFEIJLE
IH=IJDJ:I:CFHE=K<JEDIi -:I DIJHK<<EDI I?KH^D C:I I?KDJI CiD:I
K:D=E CD IJ FHE=K<JE :I?rHI = GK DE ?DH:CI
L:N: : F:H:H : C: ;:IKH: ?DH:C IDE
IF:H:=:DJF:H:H<;HKDJH:J:DJEIF<:C 25 -: ><@: Je<D<: = IJ FHE=K<JE N CEI <EDJD=EI
-: <ECE<:<mD = IJ FHE=K<JE D<: = <HJEI = IJ :DK:C = KIK:HE FK=D FHDJ:H
JFEI = :=H: FK= FHELE<:H =:lEI : IKI <:;EIIDFHLE:LIE
:<:;:=EI /H?ED <DJ>< DE I HIFEDI:;C:H^
= =<@EI =:lEI EDIKCJ C:I DIJHK<<EDI = 25 .E JE=:I C:I >KD<EDI N :<<IEHEI IJ:H^D
<K=:=E=C>:;H<:DJF:H:E;JDH^ID>EH:<mD =IFED;CI D JE=EI CEI F:iII iHL:I FEDHI D
-EI <EDJD=EI = IJ :DK:C DE FK=D <EDJ:<JE <ED IK =IJH;K=EH CE<:C I =I: ^I
HFHE=K<HIIDFHIE=C>:;H<:DJ D>EH:<mD
.E CD C:I FC:I ?:IJ:=:I <ED C: ;:IKH: DEH:C
'I D<I:HE =I<@:HC:I IF:H:=:DJ F:H:
FE=HJH:J:HC:I
5 // 52
-:JFH:JKH:=C:?K:DE=;Hi:IKFH:HCEIU
-FC=FmIJE=:?K:NC:<K;HJ:JE=:IC:II:D:I
2DKLC:?K:=C=FmIJE<:=:LGKKJC<C:KD=:=
-F ;D C: KD=:= HJH C :?K: =C =FmIJE N IeGKCE ;D
<ED KD F:lE IK:L N I<E I DE L: : KJC:H C: KD=:= =KH:DJ
KD:JFEH:=:
.E IKHA: IJ FHE=K<JE D C D<@K> D :?K: D EJHE CiGK=E
-FC:KD=:=<EDKDF:lEC?H:DJ@K=<=E
.EKJC<=JH?DJIDFHE=K<JEI:;H:ILEI
" +
+/T +2,2
/
0EH =E = C: FHIDJ /H?ED <DJ>< =<C:H: GK C 6"
<KFC <ED C: H<JL: ' =C ' 3D : IK
=IFEI<mD KD: <EF: >H:=: N ICC:=: = C: <C:H:<mD =
ED>EH=:= IEC<iJC: :C F:HJ:DJE =
JD<mD :C CDJ =
/H?ED<DJ><
!
32
5ECKEE
A;;^d '
3;^d (
@C@^] )
25/
/92
+I;^]+@ )
:2<@;@C; )
+25 W2
*D/@C^] %
6]- %
5IJ:
HEDJ:C
5IJ:3H:IH:
EDJHECE2EJE
'<Hc-
/@;2,@;@@C
EHD<DJE'DH?:
,@^]@^d &
<HJ:H /2Cm?E
EH::DK:C
>DdcE:5:FEH:dcE
>DdcE:-K
>DdcEEE
>DdcE3FEH:=EH0:H:IC?:H
>DdcEE3FEH:=EH
KJE^J<E-?:=E
*
6 /5
2QP2 6/55
/
/;H?:=E FEH JH :=GKH=E E HC:>KIEH =
HE: -: IJ:I DIJHKdqI <E :JDdcE
?K:H=E:DK:CF:H:>KJKH:I<EDIKCJ:I
E =IIECLH K: IJKH: = ^?K: = mCEI IID<
:I C@qI = <HEF:HJi<KC:I IJ =>KIEH =
:HE: FHJC@ HIFH:H :I >:<CDJ IJ: IJKH:
FH>K:=:
KJC:dcE = mCEI IID<:I =: ^?K:
R <ED@<=: <EE :HE:JH:F: R :AK=: : :<:C:H
?H:=K:CDJ @=H:J: GK:CGKH <EF:HJDJE
>EHD<D=EK>JEJH:DGKC:=EH
+25
2
2
252 / <EDJHECE HEJE =L IH
6/P2-
<ECE<:=E:GKGK:D=EDcEIJLH:IKKI:=E
5
32
# +
5
2
T-/2 2Fq
6/5,
25
: KD=:= F:H: :I =>DdqI FH=>D=:I =FEI
DJHE=K:I=>DdqI=EHCm?E
+ 'DJH:=: F:H: C?:H E :=:FJ:=EH = <EHHDJ
+25
2
2
252
!
+ 352
/6 2<; E ID:C =E <EDJHECE
HEJE=*5
+
P
+
FHIDJ: JE=:I :I D>EH:dqI =:
@EH:=>DdqI "
32
/ 5QP2-?:H=IC?:H:KD=:=
2
E=EJFEH:=EHF:H:=IC?:HIJ^C?:=E
5 32
/92
3
/-
5H E JFE E=EJFEH:=EH:KJE^J<EIJ^C?:=E
HIJ:DJ# :<JL:H : >KDdcE JFEH:=EH F:H: =IC?:H EJH:DGKC:=EHIJ^C?:=E
<E =>KIEH IE =: D:JKH: CK# =>DH E JFEH
CKIJ^C?:=:
:=EHF:H:=IC?:H
L:FEH:dcEIJ^C?:=:
5 32
/92
5H E IJ:=E C?:=E =E JFEH: 0C@:I<E<:H?:;::IFC@:I
=EH :KJE^J<E# DJHE=KH :I =>DdqI =E JFEH: ! 2Cm?E>EH:JE)2
=EH
0
*
/
.2 # "
CJHD:H DJH ;HC@E :CJE;:E =E -# " 2Cm?E=>DdqI
:CJH:HEIL:CEHI=:=>DdcE
632
/9
CJHD:H DJH : IC<dcE -*(
/ //+/
2,+/2 52
2'0'3*2 -*(
/ ' '-*(
/ I?KD=EI
'-*(
/ ,2
+/ 52
-/
9
CJHD:H DJH : IC<dcE 5HC@E -:H:DA: 2ELHEIEC:=EH=:IFC@:I:DJI=KJC:H
:HCE5H=
KC2EEGKfD<: J:H K ^E = C = ^?K: =: JEHDH: a
! 2
CJHD:HDJHIEDIJH:DGKC:=EHI JFH:JKH::;DJDEHIHL:JmHE=:^?K:
62
#
CJHD:H DJH LECKI = IE#
=<ED:H :C?K:I ?EJ:I = mCEI IID<:I D:
:CJH:HEIL:CEHI=:=>DdcE ^?K:
" 3=aC+
%%'A^DIJ:C:=:I 5ECJ:H:<ECE<:H:J:F:
-?:HE:=:FJ:=EH=::CDJ:dcE
+
P
+ 0HH E <EDJHECE HEJE D>H:LHC@E DE <EF:HJ
DJE =E <EDJHECE HEJE F:H: E HJH:H <ECEGK
K:FC@:DE<EDJHECEHEJED>H:LHC@E
FEI = KI:H E <EDJHECE HEJE LECJ : <ECE<^CE
DEIK<EF:HJDJE
! 0HH
/ 5QP2 F:H:C?:H:KD=:=
! "
JFH:JKH:=:^?K:DcE=L<=HEIU
32
=LIHKI:=EmCEIID<:CIECrLC D:H E E=E = L:FEH:dcE EK F:H: =IC?:H E
IC?K:KD=:=E<:;ECe<JH<E:DJI= =>KIEH
ELHEKCF:H:KD=:=
EH= =:I =>DdqI e -?:=E =KH:DJ
3CY< DKJEI I?KD=EI C?:=E I?KD=EI
2E= : KD=:= = >EH: : LH : F:HJ =: >HDJ =E =IC?:=E=IC?:=E
FHE=KJE-LH:=EF:H:I 25 1K:D=E DcE IJ ^?K: EK IJ: DcE e
2JH:^?K::JH:LeI=:;EH=:IGKH=: IK><DJ E i<ED <EDJDK: : FI<:H F:H: D=<:H
/32
55 .cE HJH : ^?K: :JH:LeI =E JrDC =E E ;:E DiLC = ^?K: IC?:H : KD=:= <ECE<:H
:HEKEKJHEIC:=EIDJH:H^?K:DEJrDC=E:H=KH:DJ ^?K:IK><DJ=FEILECJ:H:C?:H
EJH:DIFEHJeDEH:CGK:^?K:I:::JH:LeI=:F:HJ
I:i=: =E L:FEH DcE =L IJ:H =H<<ED:=: F:H:
D>HEH/JrDC=E:HDJHEHe<ED<;=EF:H:IHHIIJDJ EE;C^HEEKF:H::F:HC@EICe<JH<EI
a^?K:'IFH:JeGKEJK;E=E:HIGK:DJI=KJC:H
,//QP2
9
0HH
9 F:H:DJH:HDEE=E==>DdcE
0HH
9 HFJ=:DJ F:H: IC<<ED:H E
E=E=CK=IA:=EEKF:H:=IC?:H:CK
EH= =:I =>DdqI e LHC@E C:H:DA:
,QP2 ,//QV ::HCELH=:KCHEEIGKfD<:=IC?:=E
+
5
2
T-/2 ,2
,//QP222
0H:
32
F:H:DJH:HDEE=E==>DdcE 0H: 2 F:H:DJH:HDEE=E==>DdcE
0HH *
/
.2 EK 62
F:H: :CJH:H :I 0HH 2 HFJ=:DJ F:H: IC<<ED:H EI
=>DdqI EK FHH :DJH FH=E R F:H: IEDI JH:DGKC:=EHI =IA:=EI EK F:H: =IC?:H
:CJH:H=>EH:H^F=::I=>DdqI EIE
0H: 5 32
/92
F:H: <ED>H:H F:II:H
EH= =:I =>DdqI e IEDI JH:DGKC:=EHI
F:H::FHm:=>DdcE =IC?:=E
EH= =:I =>DdqI e
EH:JE @H ,//QP25 32
/92
@EH:
3
/-
,//QP2632
/9QP2 3 < @^] CAG A
0HH 632
/9QP2 F:H: DJH:H DE E=E = <
=>DdcE 0H: 5 32
/92
3
/-
F:H:
0HH 632
/9
HFJ=:DJ F:H: IC<<E DJH:HDEE=E==>DdcE
32
0HH 5 32
/92
3
/-
HFJ=:DJ F:H: :CJH:H : =>DdcE =E JFEH
-
2*
/
.22
+
:=EHF:H:=IC?:HEKF:H:E=IC?:H
EH= =:I =>DdqI DKJEI e " 3*
/
.2AC:=
=IC?:=E
EH==:I=>DdqIe
CJE;:E
3DCAC@C 62
22
5 32
/92
3
/-
/+ 0HH 5 32
/92
3
/-
0HH 62
F:H: DJH:H DE E=E =
=K:I LI F:H: :CJH:H E JFEH:=EH F:H: =>DdcE
=IC?:H" D 0HH 62
HFJ=:DJ F:H: :CJH:H :
=>DdcE=ELECKEKF:H:E=IC?:H
,//QP225 32
/92
EH= =:I =>DdqI e .iLC ;:E e=E :CJE
52L5/+2
/-2 =ELECK
C<<ED:HEJFEH:=EH:KJE^J<E:C:H
32
<ED=dcE==IFHJ:H 0HH
32
F:H: LECJ:H aI <ED>?KH:dqI
-?:HE=>KIEHF:H:JFEH:=EH:KJE^J<E:C:H FH=>D=:I:<HJ:HEHCm?E
<E:HE:JH:F:
3 +/,/+QV
-?:HIC<<ED:HK:<EH=CKF:H:JFEH:=EH
:KJE^J<E:C:H<ECKD:dcE 5/32 +
/QP2
-?:HIC<<ED:HKIEJH:DGKC:DJF:H:
/ 3
/+/3
JFEH:=EH:KJE^J<E:C:H<EIEDI=:D:JKH:
0HH3*'2F:H:DJH:HDEE=E=<ED>?KH:dcE
- 0 " " !
=EJFEH:=EH 0IE ? E@D&:JJH
0HHF:H::CJH:H:I<ED>?KH:dqIEKFHH
5ECK=E C
:DJHFH=EF:H::CJH:HH:F=:DJ:I
HIHL:JmHE=
<ED>?KH:dqI ^?K:
0HH3*'2DEL:DJF:H:?K:H=:HI:H=:
<ED>?KH:dcE
CDJ:dcE
=:FJ:=EH =E FE=H *.043 5 O
)
IC?:H:KD=:=:DJI=:I@EH:I=EJFEH:=EH
&:JJHN<EDJHEC HEJE 2
:KJE^J<E:C:H
KD=:=e:KJE:J<:DJC?:=:
;:JH: =EHCm?E = ;:<BKF 2
=:<EH=E<EEJFEH:=EH:KJE^J<E:C:H<E:
<ED=dcEIC<<ED:=:
32
.cE =I<:HJ ;:JH:I KI:=:I CE<:I DcE :FHEFH:=EI
3
+QV
Z D<II^H: : <ECJ: =E CE GKIJcE = :DH:
.cE IK;J: : KD=:= : >EHd:I <IIL:I IF:H:=:F:H:JH:J:DJEIF<:C
F:<JEI FEH:I EI<C:dqI = JFH:JKH: EK /;IHL GK :C?K:I KD=:=I IJcE GKF:=:I <E
K=:= K: JH: = I?KH:Dd: =: ;:JH: 2EL: : JH: =E
.cE E;IJHK: :I :;HJKH:I = LDJC:dcE <E JDI <EF:HJDJE=;:JH::DJI=EFHHEKIE
<EEAEHD:I<EHJD:IJ< E <:;E =: :CDJ:dcE IJLH =:D><:=E =L IH
IK;IJJKi=E FEH K <:;E EK <EDAKDJE IF<:C >EHD<=EI
.cE H?KC@ : KD=:= D: ^?K: HIFD?:H
FCE>:;H<:DJEKFCEIK:?DJ=IHLdE
CiGK=E DC: IGK: =:J:DJ <E K F:DE
'IJ :F:HC@E DcE I =IJD: : IH KI:=E FEH FIIE:I
:<EGKDcEIECJ>:FEI D<CKD=E <H:Dd:I <E <:F:<=:=I >iI<:I IDIEH:I
.cE CF : KD=:= <E :JH:C :;H:ILE EK EK DJ:I H=K=:I EK <E FEK<: FHfD<: EK
<EHHEILE <ED@<DJEI : DcE IH GK IA: L?:=EI EK H<;:
.cE :CJH EI <EFEDDJI DJHDEI =: KD=:= *IIE DIJHKdqI IE;H : KJC:dcE =E :F:HC@E FEH K: FIIE:
DL:C=:H^IK:?:H:DJ: HIFEDI^LCFC:IK:I?KH:Dd:
4JC :FD:I FC@:I DEL:I .cE IJKH FC@:I DEL:I
I <H:Dd:I =L IH IKFHLIED:=:I F:H: :II?KH:H
KI:=:I 2JH :I FC@:I <:IE FHJD=: ?K:H=:H E GKDcE;HD<:<EE:F:HC@E
FHE=KJE
IDIJHKdqI=LD<CKHEII?KDJI:IF<JEI
I :?DI EIJH:=:I DIJ :DK:C FE= =>HH =: / :F:HC@E Im =L IH KJC:=E <E E E =
:?H:C L:FEH:dcE H<ED=:=E
KJC:dcE = EKJH:I
/I :JH:I KJC:=EI DEI FHE=KJEI /H?ED FE= IH IK;IJ_D<:IFE=EH?D:HHI<EIJm<EIEK=D<fD=E
HKJC:=EI H<<C:=EI :FmI E > = IK: L=: rJC 0:H: EI :F:HC@EI GK IcE C?:=EI =H<J:DJ :
'D<:D@ EI FHE=KJEI : IH =I<:HJ:=EI :EI CE<:I JE:=:I I E :KDJE =: JFH:JKH: =:I IKFH>i<I
= <ECJ: :FHEFH:=EI :JDJ:D=E F:H: :I C?IC:dqI :<IIiLI =KH:DJ E JIJ =: C^KIKC: <=H E L:CEH
CE<:I IF<><:=E F:H: FKD@EI ;EJqI F?:I EK EKJH:I Fd:I
<ECE<:dcE =IJ FHE=KJE IE;H <HJEI JFEI = :=H: IC@:DJI GK IcE KI:=:I FEH FHiE=EI <KHJEI
FE= HIKCJ:H =:DEI :E IK :<:;:DJE FCEI GK:I IEDJ KJC:dcE DEH:C :I DIJHKdqI =L
: /H?ED <DJ>< DcE I HIFEDI:;C:H^ EDIKCJ :I D<CKHEII?KDJI:IF<JEI
DIJHKdqI = <K=:=EI =E >:;H<:DJ =E mLC F:H: E;JH / :F:HC@E J IKFH>i<I GKDJI F:H: L:FEH:H EI
D>EH:dqI D?H=DJI :<JLEI IJ:I IKFH>i<I DcE =L IH
/ <EDJr=E =IJ :DK:C DcE FE= IH HFHE=K=E I JE<:=:I=KH:DJ:KJC:dcE
:FHIIcE=E>:;H<:DJ
32
2*
6QP2
I IF<><:dqI Je<D<:I =IJ 2*
2
-2+/ 5/,/+
FHE=KJE E <EDJr=E =E :DK:C =E KIK^HE IJcE
IKAJEI::CJH:dqII:LIEFHeLE 5IJ DEIIE IJ MMMEH?EDI<DJ><<E;H F:H: I:;H
:IIE;HEIFHE=KJEI/H?ED<DJ><
25 2<KHIEI :<IImHEI DcE IJcE =IFEDiLI
F:H: JE=EI EI F:iII 0:H: E;JH :I D>EH:dqI :IE LE<f D<IIJ = :I D>EH:dqI EK JD@:
DJH<EDJ:JE<EEIK=IJH;K=EHCE<:C =rL=:I DJH <EDJ:JE <E E DEIIE HLdE =
JD=DJE :E EDIK=EH :JH:LeI =E JC>ED
5 QP2 ""EK:CI:<%EH?EDI<DJ><<E;H
JFH:JKH:=:^?K:DcE=L<=HEIU
-F:HE=FmIJE=:^?K::J:F:JE=:I:II:D:I
2DEL:H : ^?K: DE =FmIJE =: ^?K: IFH GK KI:H :
KD=:=
1K:D=E DcE KJC:H : KD=:= =KH:DJ K CED?E FHiE=E =
JFE CF : KD=:= <EFCJ:DJ HJH : ^?K: =E
=FmIJEIGKJE=:I:IFd:I<EKF:DEIK:LI<E
.cE H?H : KD=:= EK C?^C: D: ^?K: EK GK:CGKH EKJHE
CiGK=E-F:H:;:I=:KD=:=<EKF:DE@r=E
.cEKI:?DJI=CF:DI>H?K
+ I +
QP2 +2,2
/
2
GK IJ 6" IJ^ =
(CK=ILECK
DCD ,;=5_;@; '
1@?@ '
2@= )
.
//- +@CC6?@< )
2D2<@;@C; )
/.223-6
1C/@C;C %
2DG;=C%
5EEHB:DJ
<@JHB:DJ
>IJ
D=I;=DD?
-<@H
CC@
5E=D?
,@;C/@C@ &
,CEB ):D=:J?*DIJCCD
5HIJKLH*DIJCCD
-?@J*DIJCCD
(CK=*DIJCCD
C::FJH*DIJCCD
KJEJH
:D*DIJCCD
)C=H@=5:D-<=<@H*DIJCCD
12
5 /5
2+5/ +.5
15
:DB K LEEH = ::DI<@:> L:D = HC:
HE:LHIJKLH -I = DIJHK<JI EH?LKC=? =EEH
D ;M::H = @:D=C=D? E C:JH J BKDDD H::=FC
?D
EEH D L:D M:JH D IIDJgC ECgD J LHIJKL
D? JEJ CAEDD <HEI<EFI<@ =CJAI J =
:HE:LHIJKLH BKDJ K @C DLEK=? = @HCAB
?KHD D:=D J ?;HKB L:D IIDJgC ECgD D
M:JH R ;BD= :CI :HE:J@H:F R @CFJ K J EDJIF:D
DD D = B:H J @N=H:JHD LEEH D B:CHD=
>><J
,5* / /- 0C::JI = :>IJ:D=I;=
26
9/+.5 DD?@HM:DDHK@DJ?;HKBJ
5 # 1
21 /5
/- )J :FF:H::J
622
15 JHK?JJD EF IJ:D=::H=DIJCCD?D D LHLEC?DI
BCEBDIJCCD
+ *D?:D?LEEH=6IICIJHEE:=:FJH
,5* / /-
!
/
"256-
/DJL:D?J @J D>H:HEE=I?D::C
L:D=:>IJ:D=I;=DD?
+"+.
(>J :CC D>EH:J MH L:D JA=
DDIJCCD?D "
32
FF:H::J::DKJJJD
2
C::FE=KII
.
3 2IJHD= JA= ;BABD# IC::F>KD<J
KJEJHE=KII
.
:<JLHD J LHIJKLH D:JKKH?CK= C<@J# 2KIJ?LD=?CK=I
.
IC::FJHDIJCCD 5HC<@JD?I
.
5/
KJEJH
.
DIJCCD &:JJHADM:B?D;:JJHA
.
. / # " 8J = @C=H@= L:D @J ! KKHBCEB>EH::J
-I<@H EF @EE?C::?# DIJCCD?IM::H=I
0
::DF:IID " ,CEBDIJCCD?D
6
5/6
C<JH IJ:D=
. 6*'-
.4*3I<ED=D4*3 5
5
/+.5 C<JH IJ:D= 2EE= /H:DA (C (HED
&C:KM0::HI6IICD 62 /-
! -
/,IKJHKIJ?LD=?CK=D 5HMA=H=IEC:JCFL:D=;:JJHALEEH?;HKB
62
# ,I @J ?CK=IDL:K# DIJCCD? (J :::C C BH::DM:JH EF B:HJFH
IM::H=I::DF:IID :JKKHD@JM:JHL:J
" *CC>@ D@ =C CFA +
%%' H=ID?J 5E? D ::DJ:C =HKFFCI IIDJgC ECgD JE ::D
@JM:JH
0C::JI@JBCFAJHK?
CKJ=IJHEE:=:FJH::D
+"+.
HKB = :>IJ:D=I;=DD? D @J :>IJ:D=I;=D
D?IL:B E @ HKJ J @:CD D FC::JI D ;:JJHA
D=:>IJ:D=I;=DD?
0C::JI = :>IJ:D=I;=DD? D: ?;HKB D @J
:>IJ:D=I;=DD?IL:B
! HKBEF32
E@J:FF:H::J::DJJJD
. LEEH
2=CECCC<C@ DKJD I<ED=D
. D I<ED=D 4*3
H:: @J :FF:H::J E D::H = :<@JHB:DJ J = D4*3
-I<@HD::HKJE * 6:DDH H DJ ?DE? M:JH I :C @J
(J@JM:JHHKJL:=CDBHH:D= F<JE?H: ;CALD BDFFHD E @J JBEHJ ::D
*
-
/01 (J @J M:JH DJ =EEH = CK<@JB: M:JH ::D J ?LD 8J @J :FF:H::J HIJ 4*3 LE?
D:CDE>L:D:D=HB:DJ
CIHJA=DILHLEHM:JH =:DM:JHJEDJ@J:FF:H::JMH::D
D=CK<@JB:D::CBEJI@JDEH::C=:JHM:JHKJ= 8EH? =:J = IJLHIJKLD? DJ ?H<@J I EF
ED=HB:DJBEJ)JCK<@JB:D::CIL:D;DDDM:JH=<@J K;CIE>CBJHI<@:FF:H:JD
6:<@JJEJ@JCK<@JB:D::C=HEE?I:CLEHDI@J:FF:H::J
/+.5/5
J?;HKBD
HKBEF
/+.5 E=DIJCCD?IE=KIJEFDD
HKB @H@::C=CAB EF
/+.5 E @J ?MDIJ
LHC<@JD?IE=KI J BD E> E = LHC<@JD? KJ
JJJD
LEC?EH= L:D DIJCCD?D I HEE= EH:DA ?C
,+5/ /5
?HED;C:KMF::HIMIICDD4*3
1
21.5/-/5
-
//5
HKB EF
5 E = DIJCCD?IE=KI J HKB EF -
/ E = DIJCCD?IE=KI J
EFDD EFDD
HKB EF .
. / E> 62
E = HKB @H@::C=CAB EF -
/ E @J ?MDIJ
DIJCCD? J MA?D E> @EK= = BDEF D?=HKBJ E HKIJ?LD= ?CK= J BD E> E @J ?CK= KJ J
JJD
DIJCCD?IDCCHJMA?D
LEC?EH= L:D DIJCCD?D I HKIJ?LD=
HKB EF 5/
E J ;LIJ?D D LH=H J
?CK=DD4*3
?::DJ=LEC?D=DIJCCD?
LEC?EH= L:D DIJCCD?D I KKH >EH::J
35/
/5
DJA= 2AC@CC@
6
5/6
/5
HKB EF
3 E = DIJCCD?IE=KI J
EFDD
HKB EF 6
5/6
E = DIJCCD?IE=KI J HKB @H@::C=CAB EF
3 E = IC::FJH D
EFDD JIJCCDE>KJJJJD
5
,I=:KJEJH
.:CI:KJEJH
.:C:HJ ?;HKBDD=BCEBDJIJCCD
:HE:J@H:F
,/+.5R+/+
8J@J:FF:H::J
.DBIDC<@JBCKH:CI
:KJEJH
.DBIDHKIJ?LD=?CK=
*/55/2
:CI:KJEJH
.:C:HJD:JKKH?CK=D
)& " " !
HKBEF3*'2E=DIJCCD?IE=KIJEFDD
HKBEFE=DIJCCD?JMA?DE>@EK= (M<@J ?
D?=HKBJEDIJCCD?DIDCCHJMA?D 5ECKD=C C
HKBDE?::CIEF3*'2EEFJIC::DD:>J =FmIJE=:?K:
ICKJD
8J@J:FF:H::J4*3LmmH=D?IJC=
1 1
HKB EF .
. / E = @C=H@= D J JC @J :FF:H::J DJ ;CEEJ ::D JH BC:FFD
IJCCD I<@EBBDIJE>JFH:JKKHE>LE<@J?@=
LEC?EH=L:DDIJCCD?DI )EE?DC::? B = LDJC:J?:JD DJ :> J BH:DJD ?EH=ADD
J<
+2,2
/5 /56
1
/-
)H;A LHBC::HJ /H?ED <DJ>< =:J 6" D
ELHDIJD? I J ' H<@JCAD ' 'D
BEF L:D = ?JBD= D ?=:JH= ED>EHJJI
LHBC:HD? I EF LHEB ;I<@B;::H L: ED /H?ED
<DJ><BC:DJDIHL<
!
-AK=LECN
CA A;?C@ '
,c?C<=C\C<Z '
@=\ (
6M
",cZ?@2UD@CZ )
22<@;@C; )
/ .O
1C/@C?C@ %
UD?C %
H:I=:
&:BI=:
A`HHBEDJHECC
-RB`H
1/<\@<
JHo>oHIoHADD?
,@?C@@CZ@@< &
:DKCC*DIJ`CCDD?
L ,CE<B:D
E>JDIJ`CCDD?
-AKIDIJ`CCDD?
-AK=DIJ`CCDD?
ELJHDIJ`CCDD?
KJEJH0`
+KIJH:-<=-AKIIJNHB:D
,0M 125 2
!
/
"255-
3:H EJ *2>A`HHBEDJHECCDI
I?D:C
+"1M
5I:H :CC D>EH:JED IbIE J= E<@
DIJ`CCDD?:H "
3O#6 J:HJ:HE<@IJ`D?H:LD@JD
2
ELC`?J`H0Y
26 5I:H bJHIJbD= J=# :BJLH:H IEL>KDBJEDD
KJE:JIBJJHC`?`H0Y
==E>JD:JKHCAK=CAKI#IJ`CCDIELJHD
LIC:FFD:D=CAK=`H0Y
5/
5I: :KJE:JIB JH 0Y# oFFD: JHDIJ`CC -AKI`H0Y
DD?:HD: E>JH`H0Y
058
1 # " &C`==H: CC:D @o?Cb? -b?;:JJHDLbD?J;:JJH
-CAKIIJNHB:#`D=H:DIJ`CCDD?IL`H=D ! 3*J=I>EH:J
2,5 &C`==H: CC:D L:CD 0Y 2'0'3'2
'
0Y
5IBKD=H
5 " ,CE<B:DIJ`CCDD?:H
0 &C`==H: CC:D L:CD 2o= /H:D? (KC
(HoD&Cb-C:-EEF 12/-O-
!
0&C`==H:CC:D:LIC:FFD:D=CAK=
62
8 # &C`==H: CC:D CAK=LECNH# `D=H: 5
U,U
U
0/-
DIJ`CCDD?IL`H=D
LC`?ID:;:JJH@bCC:HDDD:D:DL`D=DD?
" +
%%':CCH=:DDIJ:CCH:= )`CC : C HKIJFHH:J BH:DL:JJD
L:JJDJ:DBD
HEFF:Db?H:=HEFF:H=E>JECA:L:JJDJ
+"1M
`JJJCC;:BIIBN==J
DICKJJCC:=:FJHD
3HN<B Fb =D D>H:Ho=: >A`HHBEDJHECCD Fb >A`HHBED
JHECC>:<BJ E<@ J: KJ BEDJHECCD DIJ:CCH: JJ ;:JJH
>A`HHBEDJHECCD
.`H =K :DL`DJ >A`HHBEDJHECCD I`JJ :CCJ= JCC;:BI =D
>A`HHBEDJHECC>:<BJ
! 3HN<B 3O#6 >oH:JJIJ:HJ:D@JD
! "
25
DL`D= DJ =IJCCH:J L:JJD =DD:
FHE=KBJ5:JJDJFH:JKHD>bHDJoLHIJ?:U
5:JJDCoIC?:ECAEHIB::DL`D=:I
25
.`H =J DJ >DDI JCCH`<BC?J = L:JJD
J`D?:LD@JDE<@BEFFC:;EHJ>HbDCKJJ:?J
DD:D=K>CNJJ:HCCHHD?oH=D ;CDB:H >oH :JJ D=BH: Cb? L:JJDDLb J`D?
5
,cCCCcCDCC@C D@JD E<@ >NCC I=:D L:JJD >oH :JJ I=:D IJ:HJ:
5`D=D@JDIb:JJ-IB`HDFB:HEJ=? D@JD?D
)`CCKJL:JJDJ>HbDL`DIJHB:DJD YD?KJIC`FFJ >bH DJ HBJ:I EJ o;CH CCH
6/15/-5 3o DJ L:JJDJ ?DE CK>JJKDDCD CCH CBJHIB:FHE=KBJH
>HbD:D=H:I=EH/L:JJD@:D:HCK>JJKDDCDKD=H
JH:DIFEHJ`H=JDEH:CJ:JJL:JJD BEHKJ>HbD;EJJD
-K>JJKDDCDDKJ`H=I?D:=IEL:JJDJbC?5`DJ:JCCI
0/5M
/-
CK>JJKDDCD`HJEHHDD:DD@JD:DL`D=I 3HN<B
0 >oH:JJoFFD:DIJ`CCDD?IC`?J
3HN<B
0 KFFHF:= ?bD?H >oH :JJ L`CA: oDIB:J
CAKIC`?CCH>oH:JJIJ`D?::LCAKIJ
*DIJ`CCDD?IEH=DD?D `H Ho= EH:D? ?KC ?HoD
;CbCC:CEEFE<@
5
,15/2/5M
/-
0/5M
/-
/5M
/-61
2+1 3HN<B
0 >oH:JJoFFD:DIJ`CCDD?IC`?J
3HN<B
0 KFFHF:= ?bD?H >oH :JJ L`CA: oDIB:J
3HN<B
5 >oH:JJoFFD:DIJ`CCDD?IC`?J
CAK=C`?CCH>oH:JJIJ`D?::LCAK=J
3HN<B
058
1 CCH 62
8 >oH :JJ `D=H:
*DIJ`CCDD?IEH=DD?D `H :LIC:FFD:D= CAK=
DIJ`CCDD?:HD: CCH JHN<B E<@ @bCC DH # I >oH :JJ
E<@
5
ID:;;:FbDIJ`CCDD?:HD:
3HN<B 5/
>oH :JJ ;BH`>J: E<@ >CNJJ: JCC D`IJ:
265/
/5M
/-
DIJ`CCDD?
*DIJ`CCDD?IEH=DD?D`H J>EH:JE<@J=
oH:JJAKIJH:IELJHD
2,5/5M
/- 3HN<B 26>oH:JJoFFD:DIJ`CCDD?IC`?J
3HN<B 26 KFFHF:= ?bD?H >oH :JJ `D=H:
3HN<B 2,5 >oH:JJoFFD:DIJ`CCDD?IC`?J IELJHDCCH>oH:JJIJ`D?::L=D
3HN<B 2,5 KFFHF:= ?bD?H >oH :JJ L`CA: oDIB:J *DIJ`CCDD?IEH=DD?D DKJH `H "
C`?CCH>oH:JJIJ`D?::L=E>JC`?J E<@
5
*DIJ`CCDD?IEH=DD?D `H 0b DKJH
IBKD=H0YIBK=DH
5I:J
5
,cCCD\CC\@C O5
5M
062
8 DJJ`<BH>oHLDJC:JEDI@bCD
4JI`JJ DJ FHE=KBJD >oH L:JJD / =K IFCCH L`JIB:
3HN<B 62
8 >oH:JJoFFD:DIJ`CCDD?IC`?J oLH =D JEHB: E=C;:HJ = D AKB CK==>H
3HN<B 62
8 KFFHF:= ?bD?H >oH :JJ `D=H: JH:I:
LECNDIJ`CCDD?:HD:CCH>oH:JJIJ`D?::LCAK=J 2D?oH DJ :FF:H:JD = >H`J:D= CCH ICF:D=
*DIJ`CCDD?IEH=DD?D `H 5ECNDLb Cb? =C :JH:C
@o?
DL`D= D;:HJ DN: ;:JJHH &C:D=: DJ DN: E<@ &:HD IB: oLHL:B:I >oH :JJ I JCC :JJ = DJ CBH =
?:C:;:JJHH :FF:H:JD
L JHN<BJBDIB: IB`C B:D =IFC:N;C=HD: =DD: *DIJHKBJEDHD:IB:DBCK=H:>oCA:D=
:DK:CIBCA:I?>HbD=LHBC?@JD
FF:H:JD >bH D=:IJ :DL`D=:I = HBED=H:=
oH;HKB:= FHE=KBJ bIJ IEHJH:I IE IF<:C:L>:CC bD?:D= IK;IJ:DI
DL`D=:D=J :L :D=H:
Fb :LI== CAoIJ:JED E<@ >bH DJ IC`D?:I IE IK;IJ:DIHB:DEHI:B:>oH?>JDD?CCH;H:D=
L:DC?JHIJ:L>:CC
oH :FF:H:JH IE `H =HBJ:DICKJD: JCC L`??KJJ:? E
/ =DD: FHE=KBJ FC:<H:I Fb NJEH = IF<CC JFH:JKHD Fb JCC?`D?C?: NJEH KD=H JIJJ :L
>DI@ IbIE C:<B:J JH` J< B:D =II: NJEH IB:=:I 3: C:KI oLHIBH=H L`H=J IE IF<><H:JI >oH
BEDJ:BJ = =D o;CJCCLHB:H >oH :JJ >b H @:D=J:? BDEFF:H ?HFF E<@ CBD:D= NJEH IE
D>EH:JED E @KHKL=: =J ?bH ;H: :JJ FC:<H: L=HoHI KD=H BEHJ:H FHE=H KD=H DEH:C
>oHbC Fb NJ:D /H?ED <DJ>< B:D DJ @bCC:I :DL`D=DD?IB:DIJHKBJEDHD:DBCK=H:>oCA:D=
:DIL:H?: >oH IB:=EH Fb JH`NJEH IE KFFBEJ Fb
FF:H:JD @:H @J: NJEH >oH :JJ BKDD: >oHbD?: :BJL:
?HKD=:LBEDJ:BJ==DD:FHE=KBJ D?H=DIH E<@ =II: NJEH >bH DJ L=HoH:I KD=H
*DD@bCCJ * =DD: :DK:C >bH A BEFH:I KJ:D :DL`D=DD?
JCCLHB:HDI=?L:D=
,:IIH: DJ ?:C: ;:JJHH IE EIEHJH:= IEFEH 25
/- JBDIB: IF<>B:JEDHD: >oH =DD:
*DI:CD?:LB:IIH:=;:JJHHbIJIBIF:H:J FHE=KBJ E<@ DD@bCCJ * :DL`D=:H:DK:CD B:D BE:
.EJH: :JJ LII: D@JH `H KJHKIJ:= = D :JJ`D=H:IKJ:DL=:HKFFCNIDD?
;:JJHI`BH@JIIJHF 3: ;EHJ =DD: IJHF >HbD
25
/- '?DIB:FH E<@ JCC;@oH B:D IBCA: CC:D
;:JJHKJHNJ DD:D FHE=KBJD :DL`D=I >oHIJ:
ECB: C`D=H
oH H D>EH:JED BEDJ:BJ: =JJ CEB:C:
?bD?D
DBoFIIJ`CC
/ IJHoB:;CD `H IB:=:= bIJ =D ;NJ:I KJ EJ
D IF<:CB:;C CCH :DD:D B:;C IE JCC@:D=:@bCCI
.O
>HbDJCCLHB:HDCCHIHL<:?DJD
DD: :FF:H:J `H DJ :LI== :JJ :DL`D=:I :L 5:JJDJFH:JKHD>bHDJoLHIJ?:U
2D?oHL:JJDJ:DBDE<@IBN==JL:HAL<B:
FHIEDH DBCKIL ;:HD = H=K<H:= >NIIB
&NJL:JJDJ:DBDL:HA?bD?=K:DL`D=HD@JD
IDIEHIB CCH DJ:C >oHb?: CCH ;HIJ Fb 2D?oH D@JD @CJ JEHB: ;EHJ L:JJDJ >HbD L:JJDJ:DBD E<@
H>:HD@J E<@ BKDIB:F E DJ D FHIED IE JEHB: :CC: =C:H = AKB JEHH JH:I: D`H =K DJ IB: :DL`D=:
:DIL:H:H >oH :DL`D=:HDI I`BH@J oLHL:B:H E<@ ?H D@JDKD=HDC`D?HFHE=
DIJHKBJEDH:D?bD=:DL`D=:D=J:L:FF:H:JD `DB DJ @C: D@JD L:JJD CCH :DL`D= =D L:JJD CCH
:DD:DL`JIB:2D?oHKD=H=CD=D>KBJ?JH:I:
DL`D=D?:HD?oHD?I=CCCHICF=C
",U
M1
2U6
5M
/H?ED <DJ>< DJN?:H @`H= :JJ =DD: 6"
oLHDIIJ`H = ' =HBJLJ ' 'D
I?DH:= BEF: :L Q'-
2
3*/. /
/.
/2*37T
B:D H@bCC:I L= @`DL`D=CI JCC /2'(/. *'.3*
*
IHL<<DJH
22
-2+/ 5/,/+
&IoB LbH @I=: MMMEH?EDI<DJ><I >oH :JJ I H :L LbH:
FHE=KBJH IbIE =?J:CB:HEH# 0 IFC:H# FHEABJEDIBCE<BEH#
@`CIEFHE=KBJH# L`=HIJ:JEDH# '3JC>EDH E<@
BED>HDIJC>EDH )I=:D DD@bCCH E<BIb D>EH:JED >oH LbH:
BKD=H = >:CC D ;@oLH J: BEDJ:BJ = EII CCH ;@oLH C:==: DH
D>EH:JED