ANNUAL REPORT 2025 PDF Free Download

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ANNUAL REPORT 2025 PDF Free Download

ANNUAL REPORT 2025 PDF free Download. Think more deeply and widely.

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We are a company in motion:
more transparent, more
accountable and more
committed than ever to
delivering excellence for
our customers, partners,
employees and shareholders.”
Raul Fernandez
President and Chief Executive
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To our
shareholders
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our focus, reigniting our culture and restoring
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growth. We are a company in motion: more
transparent, more accountable and more committed
than ever to delivering excellence for our customers,
partners, employees and shareholders.
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Over the past year, I personally met with more than
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consistently underscored the critical, high-value work
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customers to do more with us. We work with some
of the world’s leading brands, where we bring our
global scale and local excellence. A standout example
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and to deliver on exceptional experiences for more
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win is a strong endorsement of our capabilities and
customer-centric execution.
We are an indispensable partner to our clients,
building solutions that move industries and
businesses forward. Our engineers, designers and
consultants help clients innovate across industries.
Whether we’re helping airlines ensure a smooth
passenger experience or empowering manufacturers
to streamline factory operations and monitor their
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powers the critical systems and experiences that keep
modern business moving.
1
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Building a culture of accountability and speed
At the heart of our transformation is a cultural
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adapts. Ive held dozens of in-person town
halls, increased the cadence of internal
broadcasts and focused on strengthening
transparency and two-way communication.
We’ve added over 20 new senior leaders with
deep operational and domain expertise, and
together we’ve infused the company with a
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accountability, intensity and a shared sense
of urgency to win.
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key commercial capabilities, including sales
execution, quota design and implementation,
and performance management.
Expanding our ecosystem
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relationships with global partners to create
new opportunities and extend our reach. By
teaming with the right ecosystem players
who share our commitment to innovation
and execution, we are extending our pipeline
and deepening our relevance in key growth
markets. We’ve strengthened our partnerships
with ServiceNow, SAP, Microsoft, Amazon Web
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several others to bring joint modern solutions
to market.
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across our ecosystem, and we’re committed
to growing that number to meet the evolving
needs of our clients.
We also increased our presence with industry
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the following:
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and Solutions 2025
Everest Group Individual Life Insurance
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Assessment 2025: North America
ISG Provider Lens™ AWS Ecosystem Partners 2024
Service delivery excellence
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In our Global Infrastructure Services segment, we
saw an industry-leading net promoter score, which
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relationships. Our Intelligent Operations approach,
which blends human expertise with AI-powered
automation, is driving better outcomes at scale.
Deep industry expertise
In industries such as insurance, automotive,
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In our Insurance Software & Business Process
Services business, we’re building SaaS-based
solutions that are transforming how our
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top 25 insurers and 80% of Fortune Global 500
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We serve over 1,000 insurance clients and
process more than 1 billion policies.
Eight of the 10 largest automakers in the world
trust us to improve the driving experience, with
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deposit accounts, processing 275 million card
transactions daily for more than 450 banks globally.
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life sciences customers around the globe
and has supported more than 1,000 digital
transformation projects for leading U.S. health
systems and health plans.
3
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companies with end-to-end capabilities across
cloud managed services, consulting and
engineering, applications, security, modern
workplace services and insurance software.
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Accelerating innovation and growth
We are transforming our technical capabilities
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Engineering Services business is embedding AI
and generative AI into client solutions, driving
greater adoption of our enterprise solutions.
No longer just a concept, AI is now core to
how we deliver value and outcomes for our
customers. From reducing development cycles
to improving technical support outcomes, we’re
using AI to power real results, today.
For example, we launched DXC Assure BPM,
powered by ServiceNow. A groundbreaking
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Assure BPM automates over a thousand manual
tasks, from policy administration and billing
to underwriting, fraud detection, and claims
management. By clearing out legacy processes
and simplifying operations, the solution can slash
operational costs by up to 40%, empowering
insurers to move faster and smarter.
We also introduced DXC AI Workbench to help
clients quickly build, deploy and scale powerful
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faster impact and total control over security and
costs. Ferrovial, a global leader in infrastructure,
is already using AI Workbench to drive real-
time decisions with over 30 active AI agents,
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decision making for its 24,000 employees.
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Our strategy is grounded in disciplined
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bookings by nearly 7%, drove our book-to-bill
Raul Fernandez
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margin, strengthened our balance sheet and
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Fiscal year 2025 highlights include the
following:*
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year over year; down 4.6% organically)
Global Business Services revenue:
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down 1.0% organically)
Global Infrastructure Services revenue:
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down 8.2% organically)
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Looking ahead
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capabilities, loyal customers and a deep bench
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year 2026, we will continue to sharpen our
execution, double down on innovation and focus
relentlessly on performance.
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coordinated team, moving with purpose, breaking
down silos and building something truly enduring.
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4
We’re moving companies and
industries forward
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help them solve complex problems, unlock innovation and prepare for what’s next.
We partner with airlinesDWHYHU\VWHSRIWKHMRXUQH\VRWKH\FDQNHHSȵ\LQJ:HKHOSinsurance
companies automate and streamline the claims process. We make it easy for banks to spot trouble
and safeguard their customers. And we ease the path to fully connected cars.
Here are some of the many ways we’re delighting clients at every turn:
Were improving travel above
and below the wing
Flying nearly 5K planes each day across the
globe while carrying ~500K passengers is
a daunting task. That’s why United Airlines
is both modernizing core infrastructure so
that critical operations run smoothly and
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information, managing schedules for pilots and
crew, and keeping airline passengers connected
and informed during every step of the journey.
We’re elevating the driving experience
Human–machine interfaces are revolutionizing
the way we interact with our cars. Ferrari’s
F80 supercar uses new HMI software that
makes its in-car dashboards simpler and
faster. We’re also helping Ferrari ensure that
its systems have the agility to keep up with
today’s pace of innovation.
5
Were keeping energy production
on track
Managing workforce data, operations
and production is a challenge for any
organization. After acquiring two mine sites,
the Australian coal producer Whitehaven
successfully transitioned 2,200+ workers
and 150+ applications and fully deployed
an SAP system to keep operations running
smoothly within a record six months.
We’re providing an on-ramp
to the cloud
Insurers everywhere face the challenge of
modernizing legacy systems to accelerate
their business, while also optimizing
operations. DXC Assure Platform,
powered by AWS, provided a pathway
for Lincoln Financial to transform its
insurance applications to thrive in the
cloud. The result: a 60% reduction in
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30% cycle-time reduction to help meet
customer demand.
6
We’re enabling smooth sailing
for every journey
Creating unforgettable vacation
experiences depends on smooth
operations behind the scenes.
To enhance the experience of more
than 6 million guests each year,
Carnival Cruise Line is modernizing
its core technology infrastructure to
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connected experiences across
every touchpoint.
We’re using AI agents to improve
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Construction projects are often
complex, with tight margins,
intricate logistics and critical safety
requirements. Infrastructure company
Ferrovial used the DXC AI Workbench
platform to deploy more than 30 AI
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employee safety.
7
Were turning merger challenges
into modernization opportunities
Mergers can supercharge productivity and
drive powerful synergies, but success
hinges on bringing operations together
under a shared vision. When two U.S.
grocery giants merged to form Northeast
Grocery, the new company was able to
extend the life of its critical infrastructure,
streamline systems and unlock $40 million
in savings — while positioning itself to
embrace next-generation technologies.
We’re automating critical and
repetitive tasks
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small with AI and then scaling up as they
see results over time. A good example is the
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Equitable Holdings, which replaced an
expiring chatbot in just 30 days with one that
made it easy for human agents to respond
more accurately and faster (by 80%) to
customer inquiries by analyzing thousands of
documents in minutes.
8
Learn more: dxc.com/pivotal-moments
Were taking AI to
new heights
AI is a game changer on the ground
and in outer space. To support
its data-intensive research, the
European Space Agency (ESA)
launched ASK ESA, a generative AI
platform that gives engineers quicker,
easier access to information they
need to accelerate Earth and
climate research.
Were shaping the future
of patient care
Ensuring that the right patients receive
antibiotics in a timely manner is a challenge
for healthcare organizations. But soon
doctors will be able to use AI to personalize
antibiotic prescriptions with just a few
mouse clicks as part of a tool developed
with Singapore General Hospital that
empowers doctors to make critical decisions
on antibiotic use 90% of the time.
9
9
Recognition
highlights
10
1
10
10
1
10
Raul Fernandez
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RI';&7HFKQRORJ\
David Barnes
Former Senior Vice President, Chief
Information and Global Business Services
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Anthony Gonzalez
Former U.S. Congressman in the United
States House of Representatives and
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Cobalt Service Partners
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Graham Holdings Company
Karl Racine
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of Columbia and current Partner at
Hogan Lovells
David Herzog
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Executive Vice President of AIG
Dawn Rogers
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Securities LLC and former Executive Vice
President and Chief Human Resources
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Former Interim Executive Chair of the
Board of the Ascena Retail Group, former
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member of the Board of Amer Sports
Kiko Washington
Former Executive Vice President of
Worldwide Human Resources for Warner
Bros. Entertainment
Robert Woods
Former Senior Vice President and
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Systems Inc.
DXC Technology
Board of Directors
11
11
11
DXC stockholder information
Stock Information
&RPPRQVWRFNV\PERO';&OLVWHGDQGWUDGHGRQ
the New York Stock Exchange. As of June 2, 2025,
there were 181,810,180 shares of common stock
outstanding and 34,197 stockholders of record.
Transfer Agent and Registrar
All inquiries concerning registered stockholder
accounts and stock transfer matters, including
address changes and consolidation of multiple
accounts, should be directed to EQ Shareowner
6HUYLFHV';&ȇVWUDQVIHUDJHQWDQGUHJLVWUDU
Stockholder Correspondence
Regular mail:
EQ Shareowner Services
P.O. Box 64874
St. Paul, MN 55164-0874
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EQ Shareowner Services
1110 Centre Pointe Curve, Suite 101
Mendota Heights, MN 55120-4100
www.shareowneronline.com
By phone:
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For all other international locations, please refer to
www.shareowneronline.com for instructions.
Financial Community Information
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analysts and portfolio managers can submit written
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Ashburn, VA 20147
investor.relations@dxc.com
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Statement, Annual Report and other materials,
log on to www.proxyvote.com.
DXC Website
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https://investors.dxc.com/investor-relations, including
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SEC, which are available free of charge.
Annual Meeting
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July 22, 2025, at 10:30 a.m. Eastern time and will be
a virtual meeting conducted via live webcast. Attend
the meeting online and submit your questions during
the meeting by visiting:
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the 16-digit control number included on your notice
of Internet availability of the proxy materials, on your
proxy card or on the instructions that accompany
your proxy materials.
Independent Auditors
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McLean, VA 22102
Forward-Looking Statements
All statements in this annual report that do not
directly and exclusively relate to historical facts
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statements represent current expectations and
beliefs, and no assurance can be given that the
results described in such statements will be
achieved. Such statements are subject to numerous
assumptions, risks, uncertainties and other factors
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those described in such statements, many of which
are outside of our control. For a written description
of these factors, see the section titled “Risk Factors
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year ended March 31, 2025, and any updating
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No assurance can be given that any goal or plan set
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undue reliance on such statements which speak only
as of the date they are made. We do not undertake
any obligation to update or release any revisions
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events or circumstances after the date of this annual
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12
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Net income  
Income tax expense 234 23
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Interest expense 265 298
(%Ζ7 696 193
Restructuring costs 153 111
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Amortization of acquired intangible assets 348 354
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Gains on disposition of businesses  
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Impairment losses 17 5
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6C98DJA969K:GH:AN>BE68IDJGEGD;>I67>A>IN6C9G:HJAIHD;DE:G6I>DCH
W (JG>CI:GC6I>DC6ADE:G6I>DCH6G::MEDH:9IDG>H@H>C8AJ9>C<;AJ8IJ6I>DCH>C:M8=6C<:G6I:H
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W 6>AJG:ID8DBEANL>I=;:9:G6AHI6I:AD86A6C9;DG:><CA6LH6C9G:<JA6I>DCH8DJA9G:HJAI>C8DHIHDGH6C8I>DCHI=6I
69K:GH:AN6;;:8IDJG7JH>C:HH,D8>6A6C9:CK>GDCB:CI6AG:HEDCH>7>A>ING:<JA6I>DCHEDA>8>:H6C9EGDK>H>DCH6HL:AA
6H8JHIDB:G6C9>CK:HIDG9:B6C9HB6N69K:GH:AN6;;:8IDJGG:A6I>DCH=>EHL>I=8JHIDB:GH6C9>CK:HIDGH
W (JGG:HIGJ8IJG>C<EA6CHB6NCDI7:C:;>IJH6C9B6N69K:GH:AN6;;:8IDJG7JH>C:HH
W 0:B6N7:HJ7?:8IID>CI:AA:8IJ6AEGDE:GING:A6I:9G>H@H6C9B6N;6>AIDEGD8JG:C:8:HH6GNI=>G9E6GINA>8:CH:H
W >HGJEI>DCD;DJGHJEEAN8=6>CDG>C8G:6H:H>CEGD8JG:B:CI8DHIH>C8AJ9>C<6H6G:HJAID;DC<D>C<IG69:I:CH>DCH
6C9I6G>;;8=6G<:H8DJA969K:GH:AN>BE68IDJG7JH>C:HH
W 0:B6N;6>AIDB6>CI6>C:;;:8I>K:9>H8ADHJG:8DCIGDAH6C9>CI:GC6A8DCIGDADK:G;>C6C8>6AG:EDGI>C<
W 0:8DJA9HJ;;:G699>I>DC6AADHH:H9J:ID6HH:I>BE6>GB:CI8=6G<:H
W 0:B6N;6>AIDE6N9>K>9:C9HDGG:EJG8=6H:H=6G:HD;DJG8DBBDCHID8@
W ):C9>C<A>I><6I>DCHB6N=6K:6B6I:G>6A6C969K:GH:>BE68IDCDJGEGD;>I67>A>IN6C9A>FJ>9>IN
W >HGJEI>DCH>CI=:8G:9>IB6G@:IHB6NG:9J8:DJG8JHIDB:GH688:HHID8G:9>I6C9>C8G:6H:I=:8DHIHIDDJG
8JHIDB:GHD;D7I6>C>C<8G:9>I6C9DJG=:9<>C<EGD<G6B>HHJ7?:8IID8DJCI:GE6GIN9:;6JAIG>H@
W 0:B6NCDI68=>:K:G:K:CJ:6C9EGD;>ID7?:8I>K:H>;L:;6>AID8DBE:I>I>K:AN7>9DCDJGEGD?:8IH:;;:8I>K:AN
W ";DJG8JHIDB:GH:ME:G>:C8:;>C6C8>6A9>;;>8JAI>:HL:B6NCDI7:67A:ID8DAA:8IDJGG:8:>K67A:H
W 0:B6N;6>AIDB6>CI6>C6C9<GDLDJG8JHIDB:GG:A6I>DCH=>EHDK:GI>B:DGID8DBEANL>I=8JHIDB:G8DCIG68IHDG
<DK:GCB:CI8DCIG68I>C<G:<JA6I>DCHDGG:FJ>G:B:CIH
W (JGHIG6I:<>8IG6CH68I>DCHB6NEGDK:JCHJ88:HH;JA
W =6C<:H>CI6MG6I:HI6MA6LH6C9JC8:GI6>CIND;I6M:M6B>C6I>DCH8DJA96;;:8IDJGG:HJAIHD;DE:G6I>DCH
W -=:EG>8:D;DJGH:8JG>I>:HB6N7:KDA6I>A:
"1;3;"-4)<-,<7 =:7584-<-,#<:)<-/1+$:)6;)+<176;
W 0:8DJA9=6K:6C>C9:BC>;>86I>DCD7A><6I>DCID!)>;I=:HID8@9>HIG>7JI>DC>C8DCC:8I>DCL>I=I=:!),7JH>C:HH
H:E6G6I>DCL:G:9:I:GB>C:9CDIIDFJ6A>;N;DGI6M;G::IG:6IB:CI
W ";I=:!),&:G<:G9D:HCDIFJ6A>;N6H6G:DG<6C>O6I>DCJC9:G,:8I>DC6D;I=:D9:,H;DGB:G
HID8@=DA9:GHB6N>C8JGH><C>;>86CII6MA>67>A>I>:H
W -=:.,),,:E6G6I>DC6C9&:G<:GH6C9'),,:E6G6I>DC8DJA9G:HJAI>CHJ7HI6CI>6AI6MA>67>A>INID16C9DJG
HID8@=DA9:GH
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'7A9A'3:/B32B=$C@CA7<3AA
'-5)A67<;=++--,167=:;<:)<-/1+7*2-+<1>-;?01+0+7=4,),>-:;-4A)..-+<7=:*=;16-;;.16)6+1)4
+76,1<176:-;=4<;7.78-:)<176;)6,+);0.47?;
(JGHIG6I:<>8EG>DG>I>:H6G:;D8JH:9DCDJG8JHIDB:GHDEI>B>O>C<8DHIH6C9H:>O>C<I=:B6G@:I0:B6NCDI7:
67A:ID>BEA:B:CIDJGHIG6I:<>8EG>DG>I>:H>C688DG96C8:L>I=DJG:ME:8I6I>DCH;DG6K6G>:IND;G:6HDCH>C8AJ9>C<
;6>AJG:ID:M:8JI:DCDJGEA6CH>C6I>B:AN;6H=>DCA68@D;69:FJ6I:H@>AAH>C:;;:8I>K:B6C6<:B:CI>C69:FJ6I:
>C8:CI>K:H8JHIDB:GG:H>HI6C8:IDC:L>C>I>6I>K:H>C67>A>INID8DCIGDA8DHIHDGB6>CI6>C8DBE:I>I>K:D;;:G>C<H0:
6AHD86CCDI7:8:GI6>CI=6I:M:8JI>C<DCDJGHIG6I:<NL>AA<:C:G6I:I=:7:C:;>IHL::ME:8I";L:;6>AID:M:8JI:
HJ88:HH;JAANDCDJGHIG6I:<>8EG>DG>I>:HDG>;L:EJGHJ:HIG6I:<>8EG>DG>I>:HI=6IEGDK:ID7:JCHJ88:HH;JADJG
7JH>C:HH;>C6C8>6AEDH>I>DCG:HJAIHD;DE:G6I>DCH6C986H=;ADLHB6N7:B6I:G>6AAN6C969K:GH:AN6;;:8I:9
'-+7=4,*-0-4,41)*4-.7:,)5)/-;7=::-8=<)<176+7=4,;=..-:)6,7=:*=;16-;;5)A*-5)<-:1)44A
158)+<-,,=-<7;-:>1+-16<-::=8<176;.:75;-+=:1<A*:-)+0-;+A*-:)<<)+3;7<0-:+A*-:;-+=:1<A->-6<;
7:16+1,-6<;7:,1;+47;=:-7.+76.1,-6<1)416.7:5)<1767:8-:;76)4,)<)
H6EGDK>9:GD;"-H:GK>8:HIDEG>K6I:6C9EJ7A>8H:8IDG8JHIDB:GHDE:G6I>C<>C6CJB7:GD;>C9JHIG>:H6C9
8DJCIG>:HL:HIDG:6C9EGD8:HH>C8G:6H>C<ANA6G<:6BDJCIHD;96I6;DGDJG8JHIDB:GH>C8AJ9>C<H:CH>I>K:6C9
E:GHDC6AAN>9:CI>;>67A:>C;DGB6I>DC0:EDHH:HHK6AJ67A:EGDEG>:I6GN>C;DGB6I>DC>C8AJ9>C<8DENG><=IHIG69:
H:8G:IH6C9DI=:G>CI:AA:8IJ6AEGDE:GIN6C9L:8DAA:8I6C9HIDG:8:GI6>CE:GHDC6A6C9;>C6C8>6A>C;DGB6I>DC;GDB
8JHIDB:GH6C9:BEADN::H0:6AHDG:ANDC6C9B6C6<:"->C;G6HIGJ8IJG:6C9HNHI:BH8DAA:8I>K:ANU"-,NHI:BHV
D;DJGDLC6C9D;8JHIDB:GH6C9L:G:ANDCI=>G9E6GI>:HL=DEGDK>9:K6G>DJH8G>I>86A=6G9L6G:HD;IL6G:6C9
H:GK>8:HIDHJEEDGIDJG"-,NHI:BH6C97JH>C:HHDE:G6I>DCH
0:;68:CJB:GDJH6C9:KDAK>C<8N7:GH:8JG>ING>H@HI=6II=G:6I:CI=:8DC;>9:CI>6A>IN>CI:<G>IN6C96K6>A67>A>IND;DJG
"-,NHI:BH6C996I6N7:GH:8JG>IN>C8>9:CIH86CG:HJAI;GDBJC>CI:CI>DC6A:K:CIHDG9:A>7:G6I:6II68@H7N
>CH>9:GHHJ8=6H:BEADN::H8DCIG68IDGHDGH:GK>8:EGDK>9:GHDGI=>G9E6GI>:H>C8AJ9>C<8G>B>C6AH8DBE:I>IDGH
C6I>DCHI6I:H6C9=68@I>K>HIH-=:H:>C8>9:CIH86CG:HJAI>C9>HGJEI>DCIDDJG7JH>C:HH;DG:M6BEA:9J:ID
G6CHDBL6G:DG9:C>6AD;H:GK>8:I=GDJ<=6C>BE68IDCDJG"-,NHI:BH6C9DGI=:8DBEGDB>H:8DGGJEI>DCDGADHH
D;96I67:ADC<>C<IDJHDGDJG8A>:CIH:BEADN::HK:C9DGHDGDI=:GE6GIC:GH:86JH:DJGEGD9J8IH6C9H:GK>8:H
>CHDB:>CHI6C8:H6G:>CI:<G6I:9L>I=DJG8JHIDB:GHTHNHI:BH6C9EGD8:HH:H6HJ88:HH;JA6II68@DCJH8DJA9
8DBEGDB>H:I=:8DC;>9:CI>6A>IN>CI:<G>IN6C96K6>A67>A>IND;DJG8JHIDB:GHT"-,NHI:BH6C9H:CH>I>K:96I69:HE>I:
DJGBDC>IDG>C<:;;DGIH6C9IDDAH>CEA68:9:H><C:9IDEG:K:CIHJ8=6II68@HHJ88:HH;JA8N7:G6II68@B6N86JH:JH
ID>C8JG8DHIH6C9A>67>A>INL=:I=:G8DCIG68IJ6ADGDI=:GL>H:HJ8=6HBDC:I6GN96B6<:HG:HJAI>C<;GDBA>I><6I>DC
G:B:9>6I>DC8DHIH6C9G:<JA6IDGN68I>DCH;>C:HDGE:C6AI>:HCND;I=:;DG:<D>C<DG68DB7>C6I>DCD;I=:
;DG:<D>C<8DJA9=6K:6B6I:G>6A>BE68IDCDJGG:HJAIHD;DE:G6I>DCHDG;>C6C8>6A8DC9>I>DC
0:G:<JA6GAN:ME:G>:C8:8N7:G:K:CIH6C9HDB:I>B:H=6K:H:8JG>IN>C8>9:CIH>C8AJ9>C<JC6JI=DG>O:9:;;DGIHID
688:HHDJG"-,NHI:BH6C9L::ME:8IHJ8=6II68@H6C9>C8>9:CIHID8DCI>CJ:>CK6GN>C<9:<G::H0=>A:>C8>9:CIH
:ME:G>:C8:9I=JH;6G=6K:CDIG:HJAI:9>CB6I:G>6A9>HGJEI>DCIDDJG7JH>C:HH>I>HEDHH>7A:I=6IL:DG68G>I>86A
H:GK>8:EGDK>9:G8DJA9HJ;;:G6H:K:G:6II68@DG>C8>9:CIL>I=EDI:CI>6AANB6I:G>6A69K:GH::;;:8IHDCDJG7JH>C:HH
G:EJI6I>DC8JHIDB:GG:A6I>DCHG:HJAIHD;DE:G6I>DCHDG;>C6C8>6A8DC9>I>DC-=:G:86C7:CD6HHJG6C8:I=6IDJG
8N7:GH:8JG>ING>H@B6C6<:B:CIHIG6I:<N6C9EGD8:HH:HL>AA7:;JAAN8DBEA>:9L>I=DG:;;:8I>K:>CEGDI:8I>C<6CN"-
,NHI:BH96I6DG7JH>C:HHDE:G6I>DCH
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H:8JG>IN8DCIGDAHID:K69:9:I:8I>DC6C9IDG:BDK:DGD7;JH86I:;DG:CH>8:K>9:C8:L=>8=B6@:H>IBDG:9>;;>8JAI
;DGJHID9:I:8I>9:CI>;N>CK:HI><6I:8DCI6>CDGG:8DK:G;GDB;JIJG:8N7:G6II68@H6C9H:8JG>IN>C8>9:CIH9K6C8:H
>C8DBEJI:G86E67>A>I>:HC:L9>H8DK:G>:H>CI=:;>:A9D;8GNEID<G6E=NDGDI=:G:K:CIHDG9:K:ADEB:CIH>C8G:6H:
I=:A>@:A>=DD9I=6IDJG:C8GNEI>DC6C9DI=:G6A<DG>I=BHI=6IL:JH:IDEGDI:8IDJG96I66C9I=6ID;8JHIDB:GH
>C8AJ9>C<H:CH>I>K:8JHIDB:GIG6CH68I>DC96I6B6N;6>ADBEJI:GEGD<G6BB:GH6C9=68@:GH=6K:9:EADN:96C9
B6N8DCI>CJ:ID9:K:ADE6C99:EADNG6CHDBL6G:B6AL6G:6C9DI=:GB6A>8>DJHHD;IL6G:EGD<G6BHI=GDJ<=
E=>H=>C<6C9DI=:GB:I=D9HI=6I6II68@DJGEGD9J8IH >K:CI=:C6IJG:D;8DBEA:MHNHI:BH=6G9L6G:HD;IL6G:
6C9H:GK>8:HA>@:DJGH6C9I=:H86CC>C<IDDAHI=6IL:9:EADN68GDHHDJG>C;G6HIGJ8IJG::CK>GDCB:CI6C9EGD9J8IH
L:G:<JA6GAN>9:CI>;N6C9IG68@H:8JG>INKJAC:G67>A>I>:H0:86CCDI<J6G6CI::I=6I>C6AA>CHI6C8:HL:86C
8DBEG:=:CH>K:AN6EEANE6I8=:HDG8DC;>GBI=6IB:6HJG:H6G:>CEA68:IDB>I><6I:DGDI=:GL>H:B6C6<:
KJAC:G67>A>I>:H7:;DG:I=:N86C7::MEAD>I:97N6I=G:6I68IDG"CDI=:GH>IJ6I>DCHKJAC:G67>A>I>:HE:GH>HI:K:C6;I:G
L:=6K:>HHJ:9H:8JG>INE6I8=:H7:86JH:DJG8JHIDB:GHB6N;6>AID6EEANE6I8=:HDGJE96I:I=:>GHNHI:BHID
C:L:GHD;IL6G:K:GH>DCH";I=G:6I68IDGH6G:67A:ID:MEAD>I8G>I>86AKJAC:G67>A>I>:H7:;DG:E6I8=:H6G:>CHI6AA:9DG
B>I><6I>C<B:6HJG:H6G:>BEA:B:CI:98DBEGDB>H:H8DJA9>BE68IDJG6C9DJG8JHIDB:GHT"-,NHI:BH6C996I6
GDBI>B:IDI>B:L:6AHD>9:CI>;NH:8JG>INKJAC:G67>A>I>:H6C99:;>8>:C8>:HIDDJG"-,NHI:BH;GDBG>H@
6HH:HHB:CIHE:C:IG6I>DCI:HI>C<>CI:GC6A6J9>I68I>K>I>:H6C9I=>G9E6GING:EDGIH+:B:9>6I>DCD;HJ8=
KJAC:G67>A>I>:H6C99:;>8>:C8>:H>H68DCI>CJDJHEGD8:HH6C9I=:G:>HCD<J6G6CI::I=6IHJ8=G:B:9>6I>DC:;;DGIH
L>AA7:HJ88:HH;JA,DE=>HI>86I:9=6G9L6G:HD;IL6G:6C96EEA>86I>DCHEGD9J8:9DGEGD8JG:9;GDBI=>G9E6GI>:H
CDIL>I=HI6C9>C<DJGI=>G9E6GING>H@B6C6<:B:CIEGD8:HH6C9DJG:;;DGIHIDI:HI6C9G:B:9>6I:8N7:G
KJAC:G67>A>I>:H7:;DG:>CI:<G6I>C<I=:B>CIDDJG"-HNHI:BHB6NHI>AA8DCI6>C9:;:8IH>C9:H><CDGB6CJ;68IJG:
>C8AJ9>C<U7J<HVDGDI=:GKJAC:G67>A>I>:HI=6IB6N7::MEAD>I:90:=6K:68FJ>G:96C9B6N8DCI>CJ:ID68FJ>G:
8DBE6C>:HL>I=8N7:GH:8JG>INKJAC:G67>A>I>:H6C9DGJCHDE=>HI>86I:9H:8JG>INB:6HJG:HL=>8=:MEDH:HJHID
8N7:GH:8JG>INDE:G6I>DC6A6C9;>C6C8>6AG>H@H"C699>I>DC8DCI>CJ:9G:BDI:6C9=N7G>9LDG@>C<6GG6C<:B:CIH
EG:H:CIEDI:CI>6AAN>C8G:6H:9G>H@6HHD8>6I:9L>I=H:8JG>INKJAC:G67>A>I>:HEG:H:CI>CCDC8DGEDG6I:6C9=DB:
C:ILDG@HC96HL:6C9K6G>DJHI=>G9E6GI>:H8DCI>CJ:ID:MEADG:6C9>CI:<G6I:">CIDK6G>DJHEGD9J8IH6C9
H:GK>8:HL:6G:A>@:AN:MEDH:9IDC:L6C9JC@CDLC8N7:GH:8JG>ING>H@H6C9I=G:6IH
E6GINL=:I=:G6C>CH>9:GDG6I=>G9E6GINDE:G6I>C<DJIH>9:I=:DBE6CNL=D>H67A:ID8>G8JBK:CIDJGH:8JG>IN
B:6HJG:HDGI=DH:D;DJG8DCIG68IDGHE6GIC:GHDGK:C9DGH8DJA9688:HHDJG"-,NHI:BHDGI=DH:D;68G>I>86AI=>G9
E6GIN6C9B>H6EEGDEG>6I:EGDEG>:I6GN>C;DGB6I>DCI=:8DC;>9:CI>6A96I6D;DJG8JHIDB:GH:BEADN::HDG7JH>C:HH
E6GIC:GHDG86JH:>CI:GGJEI>DC>CDJGDGI=:>GDE:G6I>DCH-=:8DHIHID:A>B>C6I:DG6AA:K>6I:8N7:GDGDI=:GH:8JG>IN
EGD7A:BH>C8AJ9>C<G6CHDBL6G:B6AL6G:7J<HB6A>8>DJHHD;IL6G:EGD<G6BH6C9DI=:GH:8JG>INKJAC:G67>A>I>:H
8DJA97:H><C>;>86CI6C9DJG:;;DGIHID699G:HHI=:H:EGD7A:BHB6NCDI7:HJ88:HH;JA6C98DJA9G:HJAI>C
>CI:GGJEI>DCH9:A6NH8:HH6I>DCD;H:GK>8:6C9ADHHD;:M>HI>C<DGEDI:CI>6A8JHIDB:GHL=>8=B6N>BE:9:DJG
H6A:H9>HIG>7JI>DCDGDI=:G8G>I>86A;JC8I>DCH
"CI=::K:CID;68N7:G6II68@DGH:8JG>IN>C8>9:CIL:8DJA97::MEDH:9IDG:<JA6IDGN68I>DCH8JHIDB:G6IIG>I>DC
9J:IDG:EJI6I>DC6A8DC8:GCHDGDI=:GL>H:8DCI6>CB:CI6C9G:B:9>6I>DC:ME:CH:H6C98A6>BH7GDJ<=I7NDJG
8JHIDB:GHDGDI=:GH;DG7G:68=>C<8DCIG68IJ6A8DC;>9:CI>6A>IN6C9H:8JG>INEGDK>H>DCHDG96I6EGDI:8I>DCDGEG>K68N
A6LH0:BJHI:ME:C986E>I6A6C9DI=:GG:HDJG8:HIDEGDI:8I6<6>CHIH:8JG>IN>C8>9:CIH>C8AJ9>C<6II:BEI:9
H:8JG>IN7G:68=:H6C98N7:G6II68@H6C9ID6AA:K>6I:EGD7A:BH86JH:97NHJ88:HH;JA7G:68=:HDG6II68@H-=:
8DHIEDI:CI>6ABDC:I6GN96B6<:H6C9DE:G6I>DC6A8DCH:FJ:C8:HD;G:HEDC9>C<IDH:8JG>IN>C8>9:CIH6C9
>BEA:B:CI>C<G:B:9>6I>DCB:6HJG:H8DJA97:H><C>;>86CI6C9B6N7:>C:M8:HHD;>CHJG6C8:EDA>8NA>B>IHDGCDI7:
8DK:G:97NDJG>CHJG6C8:6I6AA&DG:DK:G;6>AJG:IDB6>CI6>C:;;:8I>K:>CI:GC6A688DJCI>C<8DCIGDAHG:A6I:9ID96I6
H:8JG>IN7G:68=:H6C98N7:GH:8JG>IN>C<:C:G6A8DJA9>BE68IDJG67>A>INIDEGD9J8:I>B:AN6C9688JG6I:;>C6C8>6A
HI6I:B:CIH6C98DJA9HJ7?:8IJHIDG:<JA6IDGNH8GJI>CN
>C6AANEDGI>DCHD;DJG>C;G6HIGJ8IJG:6C9"-,NHI:BH6AHDB6N:ME:G>:C8:>CI:GGJEI>DCH9:A6NHDG8:HH6I>DCHD;
H:GK>8:DGEGD9J8::GGDGH>C8DCC:8I>DCL>I=HNHI:BH>CI:<G6I>DCDGB><G6I>DCLDG@I=6II6@:HEA68:;GDBI>B:ID
I>B:0:B6NCDI7:HJ88:HH;JA>C>BEA:B:CI>C<C:LHNHI:BH6C9IG6CH>I>DC>C<96I6L=>8=8DJA986JH:7JH>C:HH
9>HGJEI>DCH6C97::ME:CH>K:I>B:8DCHJB>C<9>HGJEI>K:6C9G:HDJG8:>CI:CH>K:,J8=9>HGJEI>DCH8DJA9
69K:GH:AN>BE68IDJG67>A>INID;JA;>AADG9:GH6C9G:HEDC9ID8JHIDB:GG:FJ:HIH6C9>CI:GGJEIDI=:GEGD8:HH:H
:A6N:9H6A:HADL:GB6G<>CHDGADHHD;8JHIDB:GHG:HJAI>C<;GDBI=:H:9>HGJEI>DCH8DJA9G:9J8:DJGG:K:CJ:H
>C8G:6H:DJG:ME:CH:H96B6<:DJGG:EJI6I>DC6C969K:GH:AN6;;:8IDJGHID8@EG>8:
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75841)6+-7:.)14=:-<7+7584A?1<07*41/)<176;):1;16/=6,-:6-?7:-@1;<16/4)?;:-/=4)<176;)6,
+=;<75-:+76<:)+<;:-4)<16/<7<0-8:1>)+A;-+=:1<A)6,0)6,416/7.8-:;76)4,)<)+7=4,),>-:;-4A)..-+<
7=:.16)6+1)4+76,1<176:-;=4<;7.78-:)<176;)6,+);0.47?;
0:G:8:>K:HIDG:DGDI=:GL>H:EGD8:HHE:GHDC6A96I6G:A6I:9IDDJG8JHIDB:GH:BEADN::H6C9DI=:G>C9>K>9J6AH
>C8AJ9>C<:C98JHIDB:GH6C9:BEADN::HD;DJG8JHIDB:GH>CDG9:GIDGJCDJG7JH>C:HH6C96G:HJ7?:8IID6
K6G>:IND;A6LHG:<JA6I>DCH6C98DCIG68IJ6AD7A><6I>DCHG:A6I>C<IDI=:EG>K68NH:8JG>IN6C9=6C9A>C<D;E:GHDC6A
96I6
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:ME6C9:98DBEA>6C8:D7A><6I>DCHEDI:CI>6AHNHI:BH8=6C<:HI=:9:K:ADEB:CID;699>I>DC6A69B>C>HIG6I>K:
EGD8:HH:H6C9>C8G:6H:9:C;DG8:B:CI68I>DCHA>I><6I>DC;>C:H6C9E:C6AI>:H
,DB:D;DJG8JHIDB:GH=6K:HDJ<=I6C9B6N8DCI>CJ:IDH::@ID8DCIG68IJ6AAN>BEDH:8:GI6>CHIG>8I96I6EG>K68N
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C:LI:8=CDAD<>:H,J8=9:A6NH86CC:<6I>K:AN>BE68IDJGG:HJAIHD;DE:G6I>DCH>;I=:E68:6C9A:K:AD;HE:C9>C<
DCC:LI:8=CDAD<>:H7NHDB:D;DJG8JHIDB:GH6G:CDIHJ;;>8>:CIIDB6@:JE6CNH=DGI;6AA7NDI=:G8JHIDB:GH
(JG<GDLI=HIG6I:<N;D8JH:HDCG:HEDC9>C<IDI=:H:INE:HD;9:K:ADEB:CIH7N9G>K>C<>CCDK6I>DCI=6IL>AA:C67A:
JHID:ME6C9DJG7JH>C:HH>CIDC:L<GDLI=6G:6H!DL:K:GB6G@:IH;DGC:LI:8=CDAD<>:HHJ8=6H"B6NCDI
9:K:ADE6HL:=6K:6CI>8>E6I:9";L:9DCDIHJ;;>8>:CIAN>CK:HI>CC:LI:8=CDAD<N6C9696EIID>C9JHIGN
9:K:ADEB:CIHDG:KDAK:6C9:ME6C9DJG7JH>C:HH6IHJ;;>8>:CIHE::96C9H86A:DG>;L:9DCDIB6@:I=:G><=I
HIG6I:<>8>CK:HIB:CIHIDG:HEDC9IDI=:H:9:K:ADEB:CIH6C9HJ88:HH;JAAN9G>K:>CCDK6I>DCDJGH:GK>8:H6C9
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:M:8JI:DCDJG<GDLI=HIG6I:<N8DJA97:C:<6I>K:AN6;;:8I:9
0:=6K:6A6G<:EDGI;DA>DD;H:GK>8:H6C9L:C::9ID6AAD86I:;>C6C8>6AE:GHDCC:A6C9DI=:GG:HDJG8:H68GDHH6AA
H:GK>8:HL=>A:8DBE:I>C<L>I=8DBE6C>:HI=6I=6K:HB6AA:GEDGI;DA>DHDGHE:8>6A>O:>CDC:DGBDG:D;DJGH:GK>8:
A>C:HH6G:HJAIL:B6N>CK:HIA:HH>C8:GI6>C7JH>C:HH6G:6HI=6CDJG8DBE:I>IDGH9D6C98DBE:I>IDGHB6N
=6K:<G:6I:G;>C6C8>6AI:8=C>86A6C9B6G@:I>C<G:HDJG8:H6K6>A67A:IDI=:B8DBE6G:9IDI=:G:HDJG8:H6AAD86I:9
IDDJGH:GK>8:H"C9JHIGN8DCHDA>96I>DCB6N6AHD6;;:8I8DBE:I>I>DC7N8G:6I>C<A6G<:GBDG:=DBD<:C:DJH6C9
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7JH>C:HH7N:CI:G>C<>CID:M8AJH>K:6GG6C<:B:CIHL>I=:M>HI>C<DGEDI:CI>6A8JHIDB:GHDGHJEEA>:GH
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8DBE:I>IDGHL=D=6K:6<G:6I:GEG:H:C8:>CHDB:D;I=:ADL:G8DHIB6G@:IH>CL=>8=L:8DBE:I:DGL=D86C
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6G:67A:IDD;;:G";L::ME:G>:C8:EG:HHJG:;GDB8DBE:I>IDGHIDADL:GDJGEG>8:HL:B6N=6K:ADL:GI=6C
:ME:8I:9EGD;>IB6G<>CH6C9ADHI7JH>C:HHDEEDGIJC>I>:H>;L:6G:JC67A:IDB6I8=I=:EG>8:9:8A>C:H(JG86H=
;ADLHG:HJAIHD;DE:G6I>DCH6C9;>C6C8>6A8DC9>I>DCB6N7:69K:GH:AN6;;:8I:97NI=:H:6C9DI=:G>C9JHIGNL>9:
EG>8>C<EG:HHJG:H
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+)8)+1<A16+-:<)167..;07:-47+)<176;7?->-:);7=:8:-;-6+-16<0-;-47+)<176;16+:-);-;?-):-
-@87;-,<7:1;3;160-:-6<<7<0-;-47+)<176;?01+05)A),>-:;-4A)..-+<7=::->-6=-)6,8:7.1<)*141<A
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6C9DI=:GADL:G8DHIAD86I>DCHH6G:HJAIL:6G::MEDH:9IDI=:G>H@H>C=:G:CI>CDE:G6I>C<>C"C9>6DGDI=:G
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6C9=DHI>A>I>:HL>I=C:><=7DG>C<8DJCIG>:H':<6I>K:DGJC8:GI6>CEDA>I>86A8A>B6I:H>C8DJCIG>:HDGAD86I>DCHL=:G:
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0:6G:HJ7?:8IIDI=:.,DG:><CDGGJEI)G68I>8:H8ID;6H6B:C9:9)6C9H>B>A6G6CI>7G>7:GN
A6LH>CDI=:G?JG>H9>8I>DCH0:EJGHJ:DEEDGIJC>I>:H>C8:GI6>CE6GIHD;I=:LDGA9I=6I:ME:G>:C8:<DK:GCB:CI
8DGGJEI>DC6C9>C8:GI6>C8>G8JBHI6C8:H8DBEA>6C8:L>I=6CI>7G>7:GNA6LHB6N8DC;A>8IL>I=AD86A8JHIDBH6C9
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:BEADN::HE6GIC:GHHJ78DCIG68IDGH6<:CIH6C9DI=:GHID8DBEANL>I=I=:)6C9DI=:G6CI>7G>7:GNA6LH
-=:G:>HCD6HHJG6C8:I=6IDJGEDA>8>:HDGEGD8:9JG:HL>AAEGDI:8IJH6<6>CHIA>67>A>INJC9:GI=:)DGDI=:GA6LH
;DG68I>DCHI6@:C7NDJG:BEADN::H6C9>CI:GB:9>6G>:H";L:6G:;DJC9ID7:A>67A:;DG)K>DA6I>DCH:>I=:G9J:
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G:HJAIHD;DE:G6I>DCHDG86H=;ADLH"C699>I>DC9:I:8I>C<>CK:HI><6I>C<6C9G:HDAK>C<68IJ6ADG6AA:<:9K>DA6I>DCHD;
I=:)DGDI=:G6CI>7G>7:GNK>DA6I>DCH>H:ME:CH>K:6C98DJA98DCHJB:H><C>;>86CII>B:6C96II:CI>DCD;DJG
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8DBE6CN7NA:C9:GH6C9DI=:GI=>G9E6GI>:H"C699>I>DC8:GI6>CD;DJGB6?DG8DCIG68IHEGDK>9:8JHIDB:GHL>I=6
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8=6C<:HDG9DLC<G69:H>CDJG8G:9>IG6I>C<H>C8AJ9>C<6CN6CCDJC8:B:CII=6IDJGG6I>C<H6G:JC9:GG:K>:L;DG6
9DLC<G69:B6N=6K:6C:<6I>K:>BE68IDCDJGA>FJ>9>IN86E>I6AEDH>I>DC6C9688:HHID86E>I6AB6G@:IH
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B6>CI6>CHJ;;>8>:CIA>FJ>9>IN<D>C<;DGL6G9>HHJ7?:8IIDI=:<:C:G6AA>FJ>9>IND;6C9DC<D>C<8=6C<:H>CI=:8G:9>I
B6G@:IH6HL:AA6H<:C:G6A:8DCDB>8;>C6C8>6A8DBE:I>I>K:A:<>HA6I>K:G:<JA6IDGN6C9DI=:GB6G@:I;68IDGHI=6I
6G:7:NDC9DJG8DCIGDAC>C8G:6H:>CDJG7DGGDL>C<8DHIHA>B>I6I>DCHDCDJG67>A>INID688:HHI=:<AD76A86E>I6A
6C98G:9>IB6G@:IHDG6G:9J8I>DC>CDJGA>FJ>9>IN86C69K:GH:AN6;;:8IDJG;>C6C8>6A8DC9>I>DC6C9G:HJAIHD;
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8JHIDB:GHDG:8DCDB>8B6G@:IHBDG:7GD69ANL=>8==6K:7::C6C9L>AA8DCI>CJ:ID7:=><=AN9:E:C9:CIJEDC
I=:68I>DCHD;<DK:GCB:CIH6C97JH>C:HH:H>CG:HEDCH:IDB68GD:8DCDB>8:K:CIH6C9I=::;;:8I>K:C:HHD;I=DH:
68I>DCH,J8=68I>DCHB6N>BE68IDJG67>A>IN9:H>G:DGI=:I>B>C<D;H::@>C<;JC9>C<;DGK6G>DJH>CK:HIB:CI
DEEDGIJC>I>:H
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6C9>C8G:6H:I=:8DHID;G:;>C6C8>C<HDB:DG6AAD;DJG9:7I>HGJEI>DCH>CI=:;>C6C8>6AB6G@:IH86C6AHD
69K:GH:AN6;;:8IDJGA:C9:GH>CHJG:GH8JHIDB:GH6C9DI=:G8DJCI:GE6GI>:H(JGIDI6AA>FJ>9>IN9:E:C9H>CE6GIDC
I=:6K6>A67>A>IND;;JC9HJC9:GI=:G:KDAK>C<8G:9>I;68>A>IN6C9DJGDI=:G;>C6C8>C<6<G::B:CIH-=:;6>AJG:D;6CN
A:C9:GTH67>A>INID;JC9;JIJG:9G6LHDCDJGG:KDAK>C<8G:9>I;68>A>INDGDJGDI=:G;>C6C8>C<6GG6C<:B:CIH8DJA9
G:9J8:I=:6BDJCID;86H=L:=6K:6K6>A67A:;DGDE:G6I>DCH6C9699>I>DC6A86E>I6A;DG;JIJG:C::9H
"C;DGB6I>DCG:<6G9>C<DJG8G:9>IG6I>C<H>H>C8AJ9:9>C)6GI"""I:BD;I=>HCCJ6A+:EDGIDCDGB$JC9:GI=:
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+7=4,,-+416-
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B6NCDI7:67A:IDEGD<G:HHDCDJGHIG6I:<>8EG>DG>I>:H>C688DG96C8:L>I=DJG:ME:8I6I>DCH6C9>I>HA>@:ANI=6IDJG
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67DJIDJG7JH>C:HHB6NCDI688JG6I:AN86EIJG:6C9G:;A:8IDJGIJGC6GDJC9EGD<G:HHH6G:HJAIL:B6N;6>AID
B::II=:>G:ME:8I6I>DCH
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8JHIDB:GHDGDJGHJ78DCIG68IDGHDGI=:G:FJ>G:B:CIHID9:A>K:GDJGH:GK>8:HG:BDI:AN";67JH>C:HH>CI:GGJEI>DC
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;68IDGHI=6I6G:L>I=>CDGDJIH>9:D;DJG8DCIGDA:GI6>CD;DJG8DBB>IB:CIH<D6AH6C9DI=:G, G:A6I:9
9>H8ADHJG:H6G:76H:9DC:HI>B6I:H>C8AJ9>C<;DG:M6BEA:DJGG>H@8DHI:HI>B6I:H9>H8ADH:9>CDJGKDAJCI6GN
8A>B6I:8=6C<:9>H8ADHJG:H6C9:K:CI=DJ<=L:8JGG:CIAN9DCDI:ME:8IHJ8=8DHIHID7:B6I:G>6AI=:NB6N
6IIG68IG:<JA6IDGNDGHI6@:=DA9:G6II:CI>DCDGG:HJAI>C699>I>DC6A9>H8ADHJG:G:FJ>G:B:CIH>CI=:;JIJG:&DG:DK:G
68I>DCHDGHI6I:B:CIHI=6IL:B6NI6@:76H:9DC:ME:8I6I>DCH6HHJBEI>DCHDGI=>G9E6GIN>C;DGB6I>DCI=6IL:
8JGG:CIAN7:A>:K:ID7:G:6HDC67A:B6NHJ7H:FJ:CIAN7:9:I:GB>C:9ID7::GGDC:DJHDGCDI>C@::E>C<L>I=
E6GI>8JA6GHI6C96G9HDG7:HIEG68I>8:HDG7:HJ7?:8IIDB>H>CI:GEG:I6I>DCK:C>;I=>H>HCDII=:86H:DJG8JGG:CI
68I>DCHB6NHJ7H:FJ:CIAN7:9:I:GB>C:9ID7:>CHJ;;>8>:CI7NK6G>DJHHI6@:=DA9:GH";DJG, EG68I>8:H6C9
G:EDGI>C<9DCDIB::I>CK:HIDG8DCHJB:G:BEADN::DGDI=:GHI6@:=DA9:G:ME:8I6I>DCHL=>8=8DCI>CJ:ID:KDAK:
DJG7G6C9G:EJI6I>DC6C98JHIDB:GG:I:CI>DCB6N7:C:<6I>K:AN>BE68I:96C9L:B6N7:HJ7?:8IID>CK:HIDGDG
G:<JA6IDG:C<6<:B:CIG:<6G9>C<HJ8=B6II:GH:K:C>;I=:N6G:8JGG:CIANKDAJCI6GN:GI6>CB6G@:IE6GI>8>E6CIH
>C8AJ9>C<B6?DG>CHI>IJI>DC6A>CK:HIDGHJH:I=>G9E6GIN7:C8=B6G@HDGH8DG:HIDB:6HJG:DJG, EG68I>8:H>C
B6@>C<>CK:HIB:CI6C9KDI>C<9:8>H>DCHH, 7:HIEG68I>8:HG:EDGI>C<HI6C96G9H6C99>H8ADHJG:G:FJ>G:B:CIH
8DCI>CJ:ID9:K:ADEL:B6N>C8JG>C8G:6H>C<8DHIHG:A6I:9ID, BDC>IDG>C<6C9G:EDGI>C<,>BJAI6C:DJHAN
I=:G:6G::;;DGIH7NHDB:HI6@:=DA9:GHIDG:9J8:8DBE6C>:HT:;;DGIHDC8:GI6>C, G:A6I:9B6II:GHDI=
69KD86I:H6C9DEEDC:CIHID8:GI6>C, B6II:GH6G:>C8G:6H>C<ANG:HDGI>C<ID6G6C<:D;68I>K>HB;DGBH>C8AJ9>C<
B:9>686BE6><CH6C9A>I><6I>DCID69K6C8:I=:>GE:GHE:8I>K:H"C699>I>DCC:LHJHI6>C67>A>INGJA:H6C9G:<JA6I>DCH
=6K:7::C69DEI:96C9B6N8DCI>CJ:ID7:>CIGD9J8:9>CK6G>DJH?JG>H9>8I>DCH,JHI6>C67>A>IN6C9, G:A6I:9
G:<JA6I>DCH6G::KDAK>C<G6E>9AN6C9DE:G6I>C<>CBDG:I=6CDC:?JG>H9>8I>DC>HA>@:ANIDB6@:DJG8DBEA>6C8:L>I=
, 6C9HJHI6>C67>A>ING:A6I:9GJA:HBDG:8DBEA:M6C9:ME:CH>K:6C9EDI:CI>6AAN:MEDH:JHID<G:6I:GA:K:AHD;
A:<6AG>H@H6HHD8>6I:9L>I=DJG8DBEA>6C8:(JG;6>AJG:DG>C67>A>INID8DBEANL>I=6CN6EEA>867A:GJA:HDG
G:<JA6I>DCH8DJA9A:69IDE:C6AI>:H6C969K:GH:AN>BE68IDJGG:EJI6I>DC8JHIDB:G6IIG68I>DC6C9G:I:CI>DC688:HH
ID86E>I6A6C9:BEADN::G:I:CI>DC,J8=, B6II:GHB6N6AHD>BE68IDJGHJEEA>:GH6C98JHIDB:GHL=>8=B6N
6J<B:CIDG86JH:699>I>DC6A>BE68IHDCDJG7JH>C:HH;>C6C8>6A8DC9>I>DCDGG:HJAIHD;DE:G6I>DCH
=:)*141<A<78:7>1,-+=;<75-:;?1<0+758-<1<1>-;-:>1+-;1;,-8-6,-6<767=:)*141<A<7)<<:)+<)6,:-<)16
9=)41.1-,8-:;766-4
(JG67>A>INID<GDL6C9EGDK>9:DJG8JHIDB:GHL>I=8DBE:I>I>K:H:GK>8:H>HE6GI>6AAN9:E:C9:CIDCDJG67>A>INID
6IIG68I6C9G:I6>C=><=ANBDI>K6I:9E:DEA:L>I=I=:H@>AAHC:8:HH6GNIDH:GK:DJG8JHIDB:GHH8DBE:I>I>DC;DG
=><=ANH@>AA:9:BEADN::H>CDJG>C9JHIGN=6H<GDLC>C8G:6H>C<AN>CI:CH:L:=6K::ME:G>:C8:96C9B6N
:ME:G>:C8:>CI=:;JIJG:=><=:GI=6C6CI>8>E6I:9A:K:AHD;:BEADN::6IIG>I>DC-=:H:G>H@HID6IIG68I>C<6C9
G:I6>C>C<I=:C:8:HH6GNI6A:CIB6N7::M68:G76I:97NA67DG8DCHIG6>CIH6C9>C;A6I>DC6GNEG:HHJG:HDC:BEADN::
L6<:H6C97:C:;>IH99>I>DC6AANL:B6N7:JC67A:ID=>G:DGG:I6>CI6A:CIL=D6G:IG6>C:9>C6GI>;>8>6A>CI:AA><:C8:
B68=>C:A:6GC>C<6C969K6C8:96A<DG>I=BHID@::EE68:L>I=I=:G6E>96C98DCI>CJDJHI:8=CDAD<>86A8=6C<:H>C
DJG>C9JHIGN"BB><G6I>DCA6LH>CI=:8DJCIG>:H>CL=>8=L:DE:G6I:6G:HJ7?:8IIDA:<>HA6I>K:8=6C<:H6HL:AA6H
IDK6G>6I>DCH>CI=:HI6C96G9HD;6EEA>86I>DC6C9:C;DG8:B:CI9J:IDEDA>I>86A;DG8:H6C9:8DCDB>88DC9>I>DCH
=6C<:H>C>BB><G6I>DCA6LHDGK6GN>C<6EEA>86I>DCHD;>BB><G6I>DCA6LHIDA>B>II=:6K6>A67>A>IND;8:GI6>CLDG@
K>H6H>CI=:.,B6N>BE68IDJG67>A>INID=>G:I6A:CII=6IL:C::9ID:C=6C8:DJGEGD9J8IH6C9H:GK>8:H6C9;DG
DJGDE:G6I>DCH"I>H6AHD9>;;>8JAIIDEG:9>8II=:EDA>I>86A6C9:8DCDB>8:K:CIHI=6I8DJA96;;:8I>BB><G6I>DCA6LHDG
I=:G:HIG>8I>K:>BE68II=:N8DJA9=6K:DCD7I6>C>C<DGG:C:L>C<LDG@K>H6H;DGDJG>CI:GC6I>DC6AE:GHDCC:A-=:
ADHHD;E:GHDCC:A8DJA9>BE6>GDJG67>A>INIDE:G;DGBJC9:G8:GI6>C8DCIG68IHL=>8=8DJA9=6K:6B6I:G>6A69K:GH:
:;;:8IDCDJG8DCHDA>96I:9;>C6C8>6AEDH>I>DCG:HJAIHD;DE:G6I>DCH6C986H=;ADLH
99>I>DC6AANI=:>C67>A>INID69:FJ6I:AN9:K:ADE6C9IG6>CE:GHDCC:A6C96HH>B>A6I:@:NC:L=>G:HDGEGDBDI:9
:BEADN::H8DJA9=6K:6B6I:G>6A69K:GH::;;:8IDCG:A6I>DCH=>EHL>I=I=>G9E6GI>:HDJG;>C6C8>6A8DC9>I>DC6C9
G:HJAIHD;DE:G6I>DCH6C986H=;ADLH
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0:6AHDBJHIB6C6<:A:69:GH=>E9:K:ADEB:CI6C9HJ88:HH>DCEA6CC>C<I=GDJ<=DJIDJG7JH>C:HHCNH><C>;>86CI
A:69:GH=>E8=6C<:6C9688DBE6CN>C<H:C>DGB6C6<:B:CIIG6CH>I>DC>CKDAK:H>C=:G:CIG>H@6C96CN;6>AJG:ID
:CHJG:6HBDDI=IG6CH>I>DC8DJA9=>C9:GDJGHIG6I:<>8EA6CC>C<:M:8JI>DC6C9;JIJG:E:G;DGB6C8:0=>A:L:HIG>K:
IDB>I><6I:I=:C:<6I>K:>BE68I6HHD8>6I:9L>I=8=6C<:HIDDJGH:C>DGB6C6<:B:CII:6BHJ8=8=6C<:HB6N
86JH:JC8:GI6>CIN6BDC<>CK:HIDGH:BEADN::H8JHIDB:GH8G:9>IDGH6C9DI=:GH8DC8:GC>C<DJG;JIJG:9>G:8I>DC
6C9E:G;DGB6C8:";L:;6>AID:;;:8I>K:ANB6C6<:DJGA:69:GH=>E8=6C<:H>C8AJ9>C<DC<D>C<DG<6C>O6I>DC6A6C9
HIG6I:<>88=6C<:HDJG7JH>C:HH;>C6C8>6A8DC9>I>DCG:HJAIHD;DE:G6I>DCH86H=;ADLH6C9G:EJI6I>DC6HL:AA6H
DJG67>A>INIDHJ88:HH;JAAN6IIG68IBDI>K6I:6C9G:I6>C@:N:BEADN::H8DJA97:=6GB:9
"C699>I>DCJC8:GI6>CIN6GDJC9;JIJG::BEADNB:CIDEEDGIJC>I>:H;68>A>INAD86I>DCHDG<6C>O6I>DC6A6C9G:EDGI>C<
HIGJ8IJG:H6C9DI=:GG:A6I:98DC8:GCHB6N>BE6>GDJG67>A>INID6IIG68I6C9G:I6>CFJ6A>;>:9E:GHDCC:A";:BEADN::
6IIG>I>DC>H=><=>IB6N69K:GH:AN>BE68IDJG67>A>INIDG:6A>O:I=:6CI>8>E6I:97:C:;>IHD;DJGHIG6I:<>8EG>DG>I>:H
";L:9DCDI=>G:IG6>CBDI>K6I:6C9:;;:8I>K:ANJI>A>O::BEADN::HL>I=I=:G><=IB>MD;H@>AAH6C9:ME:G>:C8:>CI=:
G><=I<:D<G6E=>8G:<>DCH6C9;DGI=:G><=ID;;:G>C<HIDB::II=:C::9HD;DJG8JHIDB:GHDJG;>C6C8>6AE:G;DGB6C8:
6C986H=;ADLH8DJA9HJ;;:GDG:M6BEA:>;DJG:BEADN::JI>A>O6I>DCG6I:>HIDDADLDJGEGD;>I67>A>IN6C9I=:A:K:A
D;:C<6<:B:CID;DJG:BEADN::H8DJA99:8G:6H:";I=6IJI>A>O6I>DCG6I:>HIDD=><=>I8DJA9=6K:6C69K:GH::;;:8I
DC:BEADN:::C<6<:B:CI6C96IIG>I>DC6C9I=:FJ6A>IND;I=:LDG@E:G;DGB:96HL:AA6HDJG67>A>INIDHI6;;
EGD?:8IH";L:6G:JC67A:ID=>G:6C9G:I6>C:CDJ<=:BEADN::HL>I=I=:H@>AAHDG768@<GDJC9HC::9:9IDB::I
8JGG:CI9:B6C9L:B6NC::9IDG:9:EADN:M>HI>C<E:GHDCC:A>C8G:6H:DJGG:A>6C8:DCHJ78DCIG68IDGHDG>C8G:6H:
:BEADN::8DBE:CH6I>DCA:K:AH6AAD;L=>8=8DJA96AHDC:<6I>K:AN6;;:8IDJGEGD;>I67>A>IN"C699>I>DC>;L:=6K:
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L:LDG@IDG:76A6C8:DJGHJEEAND;H@>AAH6C9G:HDJG8:HL>I=8JHIDB:G9:B6C9>CI=DH:<:D<G6E=>:H
(JG7JH>C:HH>HEG>B6G>ANCDCJC>DC>O:97JIL:=6K:JC>DCH6C9LDG@H8DJC8>AH>CJGDE:JHIG6A>6,DJI=
$DG:6,DJI=B:G>866C96C696L=>8=;GDBI>B:IDI>B:B6N8DCHIG6>CDJGDE:G6I>DC6A;A:M>7>A>IN6C9:;;>8>:C8N
>C>BEA:B:CI>C<7JH>C:HH9:8>H>DCH6C9>CIGD9J8>C<C:LI:8=CDAD<>:HIDDAHDGEGD8:HH:HL>I=>CDJG9:H>G:9
I>B:;G6B:8I>K>HBD;:BEADN::EDEJA6I>DCH8DJA9G:HJAI>C=><=:G8DHIH6C9DE:G6I>DC6A8=6C<:HID:HI67A>H=
C:LG:A6I>DCH=>EHL>I=LDG@:GG:EG:H:CI6I>K:H
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*=,/-<16/?01+0+7=4,158)+<7=:8:7.1<)*141<A)6,0)>-)5)<-:1)4),>-:;--..-+<767=:*=;16-;;)6,
:-;=4<;7.78-:)<176;-;8-+1)44A.7:+=;<75-:+76<:)+<;?0-:-?-,767<0)>-),-9=)<-16.4)<176
8:7<-+<176;
0:<:C:G6AANEGDK>9:H:GK>8:HJC9:GI>B:6C9B6I:G>6AH8DCIG68IHJC>IEG>8:8DCIG68IH;>M:9EG>8:8DCIG68IH6C9
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G:HDJG8:G:FJ>G:B:CIHL6<:>C;A6I>DC6C969K:GH:BDK:B:CIH>C:M8=6C<:G6I:H>C8DCC:8I>DCL>I=I=:H:
8DCIG68IH:GI6>C7JICDI6AAD;I=:H:8DCIG68IHEGDK>9:;DGEG>8:69?JHIB:CIH;DG>C;A6I>DCDG67CDGB6A:H86A6I>DC
!DL:K:G>;DC:DGBDG:G6LB6I:G>6AHDG8DBEDC:CIH;DGDJGEGD9J8IH:<H:B>8DC9J8IDGHL:G:ID:ME:G>:C8:
6C>HDA6I:9EG>8:>C8G:6H:L>I=DJI>C;A6I>DC6GN>BE68IHDCI=:7GD69:G:8DCDBNL:B6NCDI7::CI>IA:9ID>C;A6I>DC
EGDI:8I>DCJC9:GI=DH:8DCIG68IH
"C;A6I>DC6C9<DK:GCB:CI:;;DGIHID8DB76I>C;A6I>DC8DJA9>C8G:6H:B6G@:IKDA6I>A>IN6C9=6K:6C69K:GH::;;:8IDC
I=:;>C6C8>6AB6G@:I6C9<:C:G6A:8DCDB>88DC9>I>DCH"C6I>B:D;JC8:GI6>CINDJG8JHIDB:GHB6NG:9J8:
HE:C9>C<DG=6K:9>;;>8JAIN>C7J9<:I>C<;DG:MI:GC6A"-H:GK>8:H9:A6NEGD8JG:B:CID;EGD9J8IH6C9H:GK>8:H;GDB
JHDG9:A6NI=:>GE6NB:CI;DGEGD9J8IH6C9H:GK>8:HL:=6K:6AG:69NEGDK>9:96C9L:B6N=6K:9>;;>8JAIN8ADH>C<
C:L9:6AH>CI=::K:CID;6C:8DCDB>8HADL9DLC6AAD;L=>8=8DJA969K:GH:AN6;;:8IDJGEGD;>I67>A>ING:HJAIHD;
DE:G6I>DCH6C986H=;ADL

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*-A76,7=:+76<:74
(JG:MEDHJG:ID8JGG:C8>:HDI=:GI=6CI=:.,9DAA6GB6N>BE68IDJGG:HJAIH6HI=:N6G::MEG:HH:9>C.,
9DAA6GHJGG:C8NK6G>6I>DCH6AHD8DCIG>7JI:IDK6G>6I>DCH>CH6A:HD;EGD9J8IH6C9H:GK>8:H>C6;;:8I:9?JG>H9>8I>DCH
0=>A:=>HIDG>86AANL:=6K:E6GI>6AANB>I><6I:98JGG:C8NG>H@>C8AJ9>C<:MEDHJG:ID;AJ8IJ6I>DCH>C8JGG:C8N
:M8=6C<:G6I:H7NB6I8=>C<8DHIHL>I=G:K:CJ:H>C6<>K:C8JGG:C8NDJG:MEDHJG:ID;AJ8IJ6I>DCH>CDI=:G
8JGG:C8>:H6<6>CHII=:.,9DAA6G>C8G:6H:H6HG:K:CJ:>C8JGG:C8>:HDI=:GI=6CI=:.,9DAA6G>C8G:6H:H
EEGDM>B6I:AND;G:K:CJ:H:6GC:99JG>C<;>H86AL:G:9:G>K:9;GDBH6A:H9:CDB>C6I:9>C8JGG:C8>:H
DI=:GI=6CI=:.,9DAA6G6C96G::ME:8I:9ID8DCI>CJ:IDG:EG:H:CI6H><C>;>86CIEDGI>DCD;DJGG:K:CJ:HAHDL:
7:A>:K:I=6IDJG67>A>INIDB6I8=G:K:CJ:H6C9:ME:CH:H>C6<>K:C8JGG:C8NL>AA9:8G:6H:6HBDG:LDG@>H
E:G;DGB:96ID;;H=DG:AD86I>DCHI=6IJH:69>;;:G:CI8JGG:C8N;GDBL=:G:L:<:C:G6I:DJGG:K:CJ:
0:B6NJH:;DGL6G96C9DEI>DC8DCIG68IHIDEGDI:8I6<6>CHI8JGG:C8N:M8=6C<:G6I:G>H@H-=::;;:8I>K:C:HHD;
I=:H:=:9<:HL>AA9:E:C9DCDJG67>A>INID688JG6I:AN;DG:86HI;JIJG:86H=;ADLHL=>8=B6N7:E6GI>8JA6GAN9>;;>8JAI
9JG>C<E:G>D9HD;JC8:GI6>C9:B6C96C9=><=ANKDA6I>A::M8=6C<:G6I:H0:B6N>C8JGH><C>;>86CIADHH:H;GDBDJG
=:9<>C<68I>K>I>:H9J:ID;68IDGHHJ8=6H9:B6C9KDA6I>A>IN6C98JGG:C8NK6G>6I>DCH"C699>I>DC8:GI6>CDG6AAD;DJG
=:9<>C<68I>K>I>:HB6N7:>C:;;:8I>K:B6N:ME>G:6C9CDI7:G:C:L:9DGB6NCDID;;H:II=:69K:GH:;>C6C8>6A
>BE68IG:HJAI>C<;GDB8JGG:C8NK6G>6I>DCH%DHH:H6HHD8>6I:9L>I==:9<>C<68I>K>I>:HB6N6AHD>BE68IDJGG:K:CJ:H
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W DC<D>C<>CHI67>A>INDG8=6C<:H>C68DJCIGNTHDGG:<>DCTH:8DCDB>8DG<:DEDA>I>86A6C9H:8JG>IN8DC9>I>DCH
>C8AJ9>C<>C;A6I>DCG:8:HH>DC>CI:G:HIG6I:;AJ8IJ6I>DCH6C968IJ6ADG6CI>8>E6I:9B>A>I6GNDGEDA>I>86A
8DC;A>8I8>K>AJCG:HI8G>B:EDA>I>86A>CHI67>A>IN=JB6CG><=IH8DC8:GCH6C9I:GGDG>HI68I>K>IN
W C6IJG6ADGB6CB69:9>H6HI:GH>C9JHIG>6A688>9:CIHEJ7A>8=:6AI=>HHJ:H8N7:GH:8JG>IN>C8>9:CIH
>CI:GGJEI>DCHD;H:GK>8:;GDBJI>A>I>:HIG6CHEDGI6I>DCDGI:A:8DBBJC>86I>DCHEGDK>9:GHDGDI=:G86I6HIGDE=>8
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W AD86AA67DG8DC9>I>DCH6C9G:<JA6I>DCH
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W 8=6C<:H>CI=:>CI:GC6I>DC6AC6I>DC6ADGAD86AG:<JA6IDGN6C9A:<6A:CK>GDCB:CIH
W 9>;;:G>C<I:8=CDAD<NHI6C96G9HDG8JHIDB:GG:FJ>G:B:CIH
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W 8=6C<:H>CI6MA6LH
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:-/=4)<176;<0)<+7=4,:-;=4<16+7;<;7:;)6+<176;<0)<),>-:;-4A)..-+<7=:*=;16-;;)6,:-;=4<;7.
78-:)<176;#7+1)4)6,-6>1:765-6<)4:-;876;1*141<A:-/=4)<176;8741+1-;)6,8:7>1;176;);?-44);
+=;<75-:)6,16>-;<7:,-5)6,;5)A),>-:;-4A)..-+<7=::-4)<176;018;?1<0+=;<75-:;)6,16>-;<7:;
0:DE:G6I:>CDK:G8DJCIG>:H8DJCIG>:H>C6C>C8G:6H>C<AN8DBEA:MG:<JA6IDGN:CK>GDCB:CIBDC<DI=:G
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8DCIGDAHNHI:B6G:B:I-=:G:86C7:CD6HHJG6C8:I=6I6AA8DCIGDA>HHJ:HDG;G6J9L>AA7:9:I:8I:9
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B6N=6GBDJGDE:G6I>C<G:HJAIH"C699>I>DC>;L:6G:JC67A:ID8DC8AJ9:I=6IL:=6K::;;:8I>K:>CI:GC6A8DCIGDA
DK:G;>C6C8>6AG:EDGI>C<DG>;DJG>C9:E:C9:CIG:<>HI:G:9EJ7A>8688DJCI>C<;>GB>HJC67A:IDEGDK>9:6CJCFJ6A>;>:9
G:EDGI6HIDI=::;;:8I>K:C:HHD;DJG>CI:GC6A8DCIGDADK:G;>C6C8>6AG:EDGI>C<6HD;:68=;>H86AN:6G:C9L:B6N7:
:MEDH:9IDC:<6I>K:EJ7A>8>INL=>8=8DJA986JH:>CK:HIDGHIDADH:8DC;>9:C8:>CDJGG:EDGI:9;>C6C8>6A>C;DGB6I>DC
CN;6>AJG:IDB6>CI6>C:;;:8I>K:>CI:GC6A8DCIGDAH6C96CNHJ8=G:HJAI>C<C:<6I>K:EJ7A>8>INB6NC:<6I>K:AN6;;:8I
DJG7JH>C:HH6C9HID8@EG>8:
99>I>DC6AANI=::M>HI:C8:D;6CNB6I:G>6AL:6@C:HH:HDGH><C>;>86CI9:;>8>:C8>:HLDJA9G:FJ>G:B6C6<:B:CIID
9:KDI:H><C>;>86CII>B:6C9>C8JGH><C>;>86CI:ME:CH:IDG:B:9>6I:6CNHJ8=B6I:G>6AL:6@C:HH:HDGH><C>;>86CI
9:;>8>:C8>:H6C9B6C6<:B:CIB6NCDI7:67A:IDG:B:9>6I:6CNHJ8=B6I:G>6AL:6@C:HH:HDGH><C>;>86CI
9:;>8>:C8>:H>C6I>B:ANB6CC:G-=::M>HI:C8:D;6CNB6I:G>6AL:6@C:HH>CDJG>CI:GC6A8DCIGDADK:G;>C6C8>6A
G:EDGI>C<8DJA96AHDG:HJAI>C:GGDGH>CDJG;>C6C8>6AHI6I:B:CIHI=6I8DJA9G:FJ>G:JHIDG:HI6I:DJG;>C6C8>6A
HI6I:B:CIH86JH:JHID;6>AIDB::IDJGG:EDGI>C<D7A><6I>DCHHJ7?:8IJHIDA>I><6I>DCDGG:<JA6IDGNH8GJI>CN6C9
86JH:HID8@=DA9:GHIDADH:8DC;>9:C8:>CDJGG:EDGI:9;>C6C8>6A>C;DGB6I>DC6AAD;L=>8=8DJA9B6I:G>6AAN6C9
69K:GH:AN6;;:8IJH6C9I=:B6G@:IEG>8:D;DJG8DBBDCHID8@

'-+7=4,;=..-:),,1<176)447;;-;,=-<7);;-<158)1:5-6<+0):/-;
0:68FJ>G:9HJ7HI6CI>6A<DD9L>AA6C9DI=:G>CI6C<>7A:H6H6G:HJAID;I=:!),&:G<:G>C8G:6H>C<DJG:MEDHJG:
IDI=>HG>H@0:I:HIDJG<DD9L>AA;DG>BE6>GB:CI9JG>C<I=:H:8DC9FJ6GI:GD;:K:GNN:6G6C9DC6C>CI:G>B96I:
H=DJA9:K:CIHDG8=6C<:H>C8>G8JBHI6C8:H>C9>86I:I=6I>I>HBDG:A>@:ANI=6CCDII=6II=:;6>GK6AJ:D;6G:EDGI>C<
JC>I>H7:ADL>IH86GGN>C<6BDJCI";I=:;6>GK6AJ:D;6G:EDGI>C<JC>I>HG:K>H:99DLCL6G99J:ID9:8A>C:H>C
7JH>C:HHE:G;DGB6C8:DGDI=:G;68IDGHDG>;L:HJ;;:G;JGI=:G9:8A>C:H>CH=6G:EG>8:6C>BE6>GB:CI8DJA9G:HJAI
6C96CDC86H=8=6G<:8DJA97:G:FJ>G:90:I:HI>CI6C<>7A:6HH:IHL>I=;>C>I:A>K:H;DG>BE6>GB:CIL=:C:K:G
:K:CIHDG8=6C<:H>C8>G8JBHI6C8:H>C9>86I:I=6II=:86GGN>C<6BDJCID;6C6HH:IB6NCDI7:G:8DK:G67A:-=>H
6HH:HHB:CID;I=:G:8DK:G67>A>IND;;>C>I:A>K:9>CI6C<>7A:6HH:IH8DJA9G:HJAI>C6C>BE6>GB:CI6C96CDC86H=
8=6G<:8DJA97:G:FJ>G:90:6AHDI:HI8:GI6>C:FJ>EB:CI6C99:;:GG:98DHI76A6C8:H6HHD8>6I:9L>I=8DCIG68IH
L=:CI=:8DCIG68I>HB6I:G>6AANJC9:GE:G;DGB>C<DG>H:ME:8I:9IDB6I:G>6AANJC9:GE:G;DGB>CI=:;JIJG:6H
8DBE6G:9IDI=:DG><>C6A7>9BD9:ADG7J9<:I";I=:EGD?:8I:986H=;ADLHD;6E6GI>8JA6G8DCIG68I6G:CDI69:FJ6I:
IDG:8DK:GI=:JC6BDGI>O:98DHI76A6C8:D;I=:6HH:I<GDJEI=:76A6C8:>H69?JHI:9>CI=:I:HI:9E:G>D976H:9DC
I=:8DCIG68IH;6>GK6AJ:>I=:GD;I=:H:>BE6>GB:CIH8DJA9B6I:G>6AAN6;;:8IDJGG:EDGI:9C:I:6GC>C<H
'-5)A67<*-)*4-<78)A,1>1,-6,;7::-8=:+0);-;0):-;7.7=:+75576;<7+316)++7:,)6+-?1<07=:
)667=6+-,16<-6<7:)<)44
(JGD6G9B6N6JI=DG>O:H=6G:G:EJG8=6H:H;GDBI>B:IDI>B:!DL:K:GL:6G:CDID7A><6I:9IDB6@:6CN
EJG8=6H:HD;DJGH=6G:H6C9DJG9:8>H>DCIDG:EJG8=6H:DJGH=6G:H6HL:AA6HI=:I>B>C<D;HJ8=G:EJG8=6H:H
L>AA9:E:C9DC6K6G>:IND;;68IDGH6H9:I:GB>C:97NDJGB6C6<:B:CI6C9D6G9
"C699>I>DCL=>A:L:E6>9FJ6GI:GAN86H=9>K>9:C9HIDDJGHID8@=DA9:GHHI6GI>C<;>H86A>C688DG96C8:L>I=DJG
6CCDJC8:99>K>9:C9EDA>8NL:HJHE:C9:9I=:E6NB:CID;FJ6GI:GAN9>K>9:C9HHI6GI>C<>C;>H86AID:C=6C8:
DJG;>C6C8>6A;A:M>7>A>INII=>HI>B:L:9DCDI>CI:C9IDG:>CHI6I:DJGFJ6GI:GAN86H=9>K>9:C9H-=:9:8A6G6I>DC6C9
E6NB:CID;;JIJG:9>K>9:C9HI=:6BDJCID;6CNHJ8=9>K>9:C9H6C9I=::HI67A>H=B:CID;G:8DG96C9E6NB:CI
96I:H;DG9>K>9:C9H>;6CN6G:HJ7?:8IID;>C6A9:I:GB>C6I>DC7NDJGD6G96;I:GG:K>:LD;DJG8JGG:CIHIG6I:<N6C9
;>C6C8>6AE:G;DGB6C8:6C9EDH>I>DC6BDC<DI=:GI=>C<H
-=:D6G9TH9:I:GB>C6I>DCHG:<6G9>C<9>K>9:C9H6C9H=6G:G:EJG8=6H:HL>AA9:E:C9DC6K6G>:IND;;68IDGH
>C8AJ9>C<C:I>C8DB:86H=;ADL<:C:G6I:9;GDBDE:G6I>DCH6BDJCI6C9AD86I>DCD;DJG86H=6C9>CK:HIB:CI
76A6C8:HDK:G6AAA>FJ>9>INEDH>I>DC6C9EDI:CI>6A6AI:GC6I>K:JH:HD;86H=HJ8=6H68FJ>H>I>DCH6HL:AA6H
:8DCDB>88DC9>I>DCH6C9:ME:8I:9;JIJG:;>C6C8>6AG:HJAIH-=:G:86C7:CD<J6G6CI::I=6IL:L>AA68=>:K:DJG
;>C6C8>6A<D6AH>CI=:6BDJCIHDGL>I=>CI=::ME:8I:9I>B:;G6B:DG6I6AA(JG67>A>INID9:8A6G:;JIJG:9>K>9:C9HDG
G:EJG8=6H:H=6G:HL>AA9:E:C9DCDJG;JIJG:;>C6C8>6AE:G;DGB6C8:L=>8=>CIJGC9:E:C9HDCI=:HJ88:HH;JA
>BEA:B:CI6I>DCD;DJGHIG6I:<N6C9DC;>C6C8>6A8DBE:I>I>K:G:<JA6IDGN6C9DI=:G;68IDGH<:C:G6A:8DCDB>8
8DC9>I>DCH9:B6C96C9EG>8:H;DGDJGH:GK>8:H6C9DI=:G;68IDGHHE:8>;>8IDDJG>C9JHIGNDGHE:8>;>8EGD?:8IHB6CN
D;L=>8=6G:7:NDC9DJG8DCIGDA-=:G:;DG:DJG67>A>INID<:C:G6I:86H=;ADL9:E:C9HDCI=:E:G;DGB6C8:D;DJG
DE:G6I>DCH6C98DJA97:A>B>I:97N9:8G:6H:H>CDJGEGD;>I67>A>INDG>C8G:6H:H>C8DHIHG:<JA6IDGN8=6C<:H86E>I6A
:ME:C9>IJG:HDG9:7IH:GK>8>C<G:FJ>G:B:CIH
CN;6>AJG:ID68=>:K:DJG;>C6C8>6A<D6AH8DJA9C:<6I>K:AN>BE68IDJGG:EJI6I>DC=6GB>CK:HIDG8DC;>9:C8:>CJH
6C986JH:I=:B6G@:IEG>8:D;DJG8DBBDCHID8@ID9:8A>C:

'-):-,-.-6,)6<;168-6,16/41<1/)<176<0)<5)A0)>-)5)<-:1)4)6,),>-:;-158)+<767=:8:7.1<)*141<A
)6,419=1,1<A
HCDI:9>C'DI:DBB>IB:CIH6C9DCI>C<:C8>:HL:6G:8JGG:CIANE6GINID6CJB7:GD;9>HEJI:HI=6I
>CKDAK:DGB6N>CKDAK:A>I><6I>DCDG6G7>IG6I>DC>C8AJ9>C<H:8JG>I>:HA>I><6I>DC>CL=>8=L:6C98:GI6>CD;DJG8JGG:CI
DG;DGB:GD;;>8:GH6C99>G:8IDGH=6K:7::CC6B:96H9:;:C96CIH-=:G:HJAID;I=:H:6C96CNDI=:G;JIJG:A:<6A
EGD8::9>C<H86CCDI7:EG:9>8I:9L>I=8:GI6>CIN+:<6G9A:HHD;I=:>GHJ7?:8IB6II:GDGB:G>IHHJ8=A:<6A
EGD8::9>C<HB6NG:HJAI>CH><C>;>86CI8DHIIDJH>C8AJ9>C<>CI=:;DGBD;A:<6A;::H6C9DG96B6<:HL=>8=B6NCDI
7:8DK:G:97N>CHJG6C8:B6N9>K:GII=:6II:CI>DCD;B6C6<:B:CIDGB6NDI=:GL>H:=6K:6C69K:GH::;;:8IDC
DJG7JH>C:HH;>C6C8>6A8DC9>I>DC6C9G:HJAIHD;DE:G6I>DCH':<6I>K:EJ7A>8>IN;GDBA>I><6I>DCL=:I=:GDGCDI
G:HJAI>C<>C6HJ7HI6CI>6A8DHI8DJA9B6I:G>6AAN96B6<:DJGG:EJI6I>DC6C98DJA9=6K:6B6I:G>6A69K:GH::;;:8IDC
DJG7JH>C:HH;>C6C8>6A8DC9>I>DCG:HJAIHD;DE:G6I>DCH6C9I=:EG>8:D;DJG8DBBDCHID8@"C699>I>DCHJ8=A:<6A
EGD8::9>C<HB6NB6@:>IBDG:9>;;>8JAIID;>C6C8:DJGDE:G6I>DCH
0:6G:6AHDHJ7?:8IID8DCI>CJDJH:M6B>C6I>DCHD;DJG>C8DB:I6MG:IJGCH7NI6M6JI=DG>I>:HAI=DJ<=L:7:A>:K:
DJGI6M:HI>B6I:H6G:G:6HDC67A:I=:;>C6AG:HJAIHD;6CNI6M:M6B>C6I>DCDGG:A6I:9A>I><6I>DC8DJA97:B6I:G>6AAN
9>;;:G:CI;GDBDJGG:A6I:9=>HIDG>86A>C8DB:I6MEGDK>H>DCH6C9688GJ6AH9K:GH:9:K:ADEB:CIH>C6C6J9>I
:M6B>C6I>DCDGA>I><6I>DCG:A6I:9IDEG:K>DJHAN;>A:9I6MG:IJGCHDG>CI=:G:A:K6CI?JG>H9>8I>DCTHI6MA6LHG:<JA6I>DCH
69B>C>HIG6I>K:EG68I>8:HEG>C8>EA:H6C9>CI:GEG:I6I>DCH8DJA9=6K:6B6I:G>6A:;;:8IDCDJGG:HJAIHD;DE:G6I>DCH
6C986H=;ADLH>CI=:E:G>D9DGE:G>D9H;DGL=>8=I=6I9:K:ADEB:CID88JGH6HL:AA6H;DGEG>DG6C9HJ7H:FJ:CI
E:G>D9HDGBDG:9:I6>AH>C8AJ9>C<DC8JGG:CII6M:M6B>C6I>DCHD;DJG>C8DB:I6MG:IJGCH7NI6M6JI=DG>I>:HH::
'DI:RU"C8DB:-6M:HV
'-5)A*-),>-:;-4A)..-+<-,*A,1;:=8<176;16<0-+:-,1<5):3-<;16+4=,16/,1;:=8<176;<0)<:-,=+-7=:
+=;<75-:;)++-;;<7+:-,1<)6,16+:-);-<0-+7;<;<77=:+=;<75-:;7.7*<)1616/+:-,1<
-=:8G:9>IB6G@:IH=6K:=>HIDG>86AAN7::CKDA6I>A:6C9I=:G:;DG:>I>HCDIEDHH>7A:IDEG:9>8II=:67>A>IND;DJG
8JHIDB:GHID688:HHH=DGII:GB;>C6C8>C<6C9DI=:G;DGBHD;86E>I6A";69>HGJEI>DC>CI=:8G:9>IB6G@:IHL:G:ID
D88JG>I8DJA9EDH:6G>H@IDDJG7JH>C:HH>;8JHIDB:GHDGHJEEA>:GH6G:JC67A:IDD7I6>C;>C6C8>C<IDB::I
E6NB:CIDG9:A>K:GND7A><6I>DCHIDJH"CI=::K:CII=6IDC:DGBDG:8JHIDB:GHDGHJEEA>:GH9:;6JAIHDC>IH
E6NB:CIDG9:A>K:GND7A><6I>DCHL:8DJA9>C8JGH><C>;>86CIADHH:HL=>8=B6N=6GBDJG7JH>C:HHG:EJI6I>DC
G:HJAIHD;DE:G6I>DCH86H=;ADLH6C9;>C6C8>6A8DC9>I>DC"C699>I>DC8JHIDB:GHB6N9:8>9:ID9DLCH>O:9:;:GDG
86C8:A8DCIG68IHL=>8=8DJA9C:<6I>K:AN6;;:8IDJGG:K:CJ:H
=:0-,/16/8:7/:)51;;=*2-+<<7+7=6<-:8):<A,-.)=4<:1;3
0::CI:G>CID;DG:><C8JGG:C8N;DGL6G98DCIG68IH6C9>CI:G:HIG6I:HL6EHL>I=6CJB7:GD;8DJCI:GE6GI>:HH6
G:HJAIL:6G:HJ7?:8IIDI=:G>H@I=6II=:8DJCI:GE6GINIDDC:DGBDG:D;I=:H:8DCIG68IH9:;6JAIHDC>IH
E:G;DGB6C8:JC9:GI=:8DCIG68IJG>C<6C:8DCDB>89DLCIJGCI=:8DJCI:GE6GINH;>C6C8>6A8DC9>I>DCB6N
9:I:G>DG6I:G6E>9AN6C9L>I=A>IIA:CDI>8:6C9L:B6N7:JC67A:IDI6@:68I>DCIDEGDI:8IDJG:MEDHJG:"CI=::K:CI
D;68DJCI:GE6GIN9:;6JAIL:8DJA9>C8JGH><C>;>86CIADHH:HL=>8=B6N=6GBDJG7JH>C:HH6C9;>C6C8>6A8DC9>I>DC
"CI=::K:CII=6IDC:DGBDG:D;DJG8DJCI:GE6GI>:H7:8DB:H>CHDAK:CIDG;>A:H;DG76C@GJEI8NDJG67>A>INID
:K:CIJ6AANG:8DK:G6CNADHH:HHJ;;:G:96H6G:HJAID;I=6I8DJCI:GE6GINH9:;6JAIB6N7:A>B>I:97NI=:A>FJ>9>IND;
I=:8DJCI:GE6GIN
'-,-:1>-;1/61.1+)6<:->-6=-;)6,8:7.1<.:75+76<:)+<;)?):,-,<0:7=/0+758-<1<1>-*1,,16/
8:7+-;;-;?01+0+)61587;-;=*;<)6<1)4+7;<;76=;)6,?-5)A67<)+01->-:->-6=-)6,8:7.1<
7*2-+<1>-;1.?-.)14<7*1,76<0-;-8:72-+<;-..-+<1>-4A
0:9:G>K:H><C>;>86CIG:K:CJ:H6C9EGD;>I;GDB<DK:GCB:CI8DCIG68IHI=6I6G:6L6G9:9I=GDJ<=8DBE:I>I>K:
7>99>C<EGD8:HH:H0::ME:8II=6IBDHID;I=:CDC.,<DK:GCB:CI7JH>C:HHL:H::@>CI=:;DG:H::67A:;JIJG:
L>AA7:6L6G9:9I=GDJ<=8DBE:I>I>K:7>99>C<DBE:I>I>K:7>99>C<>H:ME:CH>K:6C9EG:H:CIH6CJB7:GD;G>H@H
>C8AJ9>C<
W I=:HJ7HI6CI>6A8DHI6C9B6C6<:G>6AI>B:6C9:;;DGII=6IL:HE:C9IDEG:E6G:7>9H6C9EGDEDH6AH;DG
8DCIG68IHI=6IB6NDGB6NCDI7:6L6G9:9IDJH
W I=:C::9ID:HI>B6I:688JG6I:ANI=:G:HDJG8:H6C98DHIHI=6IL>AA7:G:FJ>G:9IDH:GK>8:6CN8DCIG68IHL:
6G:6L6G9:9HDB:I>B:H>C69K6C8:D;I=:;>C6A9:I:GB>C6I>DCD;I=:>G;JAAH8DE:6C99:H><C

W I=::ME:CH:6C99:A6NI=6IB6N6G>H:>;DJG8DBE:I>IDGHEGDI:HIDG8=6AA:C<:6L6G9HB69:IDJHEJGHJ6CI
ID8DBE:I>I>K:7>99>C<
W I=:G:FJ>G:B:CIIDG:HJ7B>I7>9HEGDI:HI:97NDJG8DBE:I>IDGH6C9>CI=:I:GB>C6I>DCG:9J8I>DCDG
BD9>;>86I>DCD;I=:6L6G9:98DCIG68IH6C9
W I=:DEEDGIJC>IN8DHID;CDI7>99>C<DC6C9L>CC>C<DI=:G8DCIG68IHL:B><=IDI=:GL>H:EJGHJ:
.7=:+=;<75-:;-@8-:1-6+-.16)6+1)4,1..1+=4<1-;?-5)A67<*-)*4-<7+744-+<7=::-+-1>)*4-;?01+0
?7=4,5)<-:1)44A)6,),>-:;-4A)..-+<7=:8:7.1<)*141<A)6,+);0.47?;.:7578-:)<176;
(K:GI=:8DJGH:D;68DCIG68II:GB68JHIDB:GH;>C6C8>6A8DC9>I>DCB6N9:8A>C:6C9A>B>I>IH67>A>INIDE6N>IH
D7A><6I>DCH-=>H8DJA986JH:DJG86H=8DAA:8I>DCHID9:8G:6H:6C97699:7I:ME:CH:ID>C8G:6H:0=>A:L:B6N
G:HDGIID6AI:GC6I>K:B:I=D9HIDEJGHJ:8A6>BHDG8DAA:8IG:8:>K67A:HI=:H:B:I=D9H6G::ME:CH>K:6C9I>B:
8DCHJB>C<6C9HJ88:HH;JA8DAA:8I>DC>HCDI<J6G6CI::96>AJG:ID8DAA:8IDJGG:8:>K67A:HDGEG:K6>ADC8A6>BH
LDJA9=6K:6C69K:GH::;;:8IDCDJGEGD;>I67>A>IN6C986H=;ADLH
.?-):-=6)*4-<75)16<)16)6,/:7?7=:+=;<75-::-4)<176;018;7>-:<15-7=:78-:)<16/:-;=4<;)6,
+);0.47?;?144;=..-:)14=:-<7+7584A?1<0+=;<75-:+76<:)+<;7:/7>-:65-6<+76<:)+<16/:-/=4)<176;
7::-9=1:-5-6<;+7=4,),>-:;-4A)..-+<7=:*=;16-;;:-;=4<;7.78-:)<176;)6,+);0.47?;
0:9:KDI:H><C>;>86CIG:HDJG8:HID:HI67A>H=G:A6I>DCH=>EHL>I=DJG8JHIDB:GH6C9>BEA:B:CIDJGD;;:G>C<H6C9
G:A6I:9H:GK>8:HE6GI>8JA6GAN>CI=:86H:D;A6G<::CI:GEG>H:HI=6ID;I:CG:FJ:HIDGG:FJ>G:HE:8>;>8;:6IJG:HDG
;JC8I>DCHHE:8>;>8IDI=:>GE6GI>8JA6G7JH>C:HHEGD;>A:88DG9>C<ANDJGG:HJAIHD;DE:G6I>DCH9:E:C9>CHJ7HI6CI>6A
E6GIDCDJG67>A>INID9:A>K:G6HJ88:HH;JA8JHIDB:G:ME:G>:C8:6C9E:GHJ69:8JHIDB:GHIDB6>CI6>C6C9<GDLI=:>G
G:A6I>DCH=>EL>I=JHDK:GI>B:";L:6G:CDIHJ88:HH;JA>C>BEA:B:CI>C<6CD;;:G>C<DG9:A>K:G>C<6HJ88:HH;JA
8JHIDB:G:ME:G>:C8:>C8AJ9>C<68=>:K>C<8DHI6C9HI6;;>C<A:K:AHI=6IB::IDJG8JHIDB:GHT:ME:8I6I>DCH
8JHIDB:GH8DJA9I:GB>C6I:DG:A:8ICDIIDG:C:LI=:>G6<G::B:CIHL>I=JH6C9DJGDE:G6I>C<G:HJAIHB6NHJ;;:G
DCIG68IHL>I=8JHIDB:GHB6N>C8AJ9:JC>FJ:6C9HE:8>6A>O:9E:G;DGB6C8:G:FJ>G:B:CIH"CE6GI>8JA6GDJG
8DCIG68IHL>I=;:9:G6AHI6I:EGDK>C8>6A6C9AD86A<DK:GCB:CI6A8JHIDB:GH6G:<:C:G6AANHJ7?:8IIDK6G>DJH
EGD8JG:B:CIG:<JA6I>DCH8DCIG68IEGDK>H>DCH6C9DI=:GG:FJ>G:B:CIHG:A6I>C<IDI=:>G;DGB6I>DC69B>C>HIG6I>DC
6C9E:G;DGB6C8:>C8AJ9>C<I=:B6>CI:C6C8:D;C:8:HH6GNH:8JG>IN8A:6G6C8:H(JG8JHIDB:GH8DCIG68IHL>I=
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6B:C9:9I=:D9:!)LDJA9<:C:G6AAN7:HJ7?:8IIDI6M6H>;>IHDA9I=:18DBBDCHID8@>C6I6M67A:
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8DBBDCHID8@>CI=:>HIG>7JI>DCLDJA9<:C:G6AAN7:IG:6I:96HG:8:>K>C<6I6M67A:>HIG>7JI>DC>C6C6BDJCI
:FJ6AIDI=:;6>GB6G@:IK6AJ:D;I=:18DBBDCHID8@G:8:>K:97NI=:HID8@=DA9:G>CI=:>HIG>7JI>DC
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I=::;;:8II=6I;DG.,;:9:G6A>C8DB:I6MEJGEDH:HI=:!),&:G<:GL>AAFJ6A>;N6H6G:DG<6C>O6I>DCL>I=>CI=:
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B6I:G>6AAN9>;;:G:CI;GDBI=:68IJ6A;68IHI=6I:M>HI:96II=:I>B:D;I=:!),&:G<:GI=:8DC8AJH>DCHG:68=:9>C
I=:!),&:G<:G-6M(E>C>DCH8DJA97:69K:GH:AN6;;:8I:96C9I=:!),&:G<:GB6NCDIFJ6A>;N;DGI6M;G::
IG:6IB:CI(E>C>DCHD;8DJCH:A6G:CDI7>C9>C<DCI=:"+,DGI=:8DJGIH'D6HHJG6C8:86C7:<>K:CI=6II=:"+,
L>AACDI8=6AA:C<:I=:8DC8AJH>DCHH:I;DGI=>CI=:!),&:G<:G-6M(E>C>DCHDGI=6I68DJGILDJA9CDIHJHI6>C
HJ8=68=6AA:C<:";I=:!),&:G<:GL:G:9:I:GB>C:9ID7:I6M67A:EG:K>DJH=DA9:GHD;,8DBBDCHID8@
LDJA97:8DCH>9:G:9ID=6K:B69:6I6M67A:9>HEDH>I>DCD;I=:>GH=6G:HID!),6C9HJ8=HID8@=DA9:GHLDJA9
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7=:;<7+3074,-:;
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8DJCH:AHJ7HI6CI>6AANIDI=::;;:8II=6I;DG.,;:9:G6A>C8DB:I6MEJGEDH:H>I=:.,),,:E6G6I>DCFJ6A>;>:H6H
6UG:DG<6C>O6I>DCVL>I=>CI=:B:6C>C<D;,:8I>DC6D;I=:D9:>>:68=D;16C9):GHE:8I6>H6
UE6GINID6G:DG<6C>O6I>DCVL>I=>CI=:B:6C>C<D;,:8I>DC7D;I=:D9:L>I=G:HE:8IIDI=:.,),,:E6G6I>DC
>>>I=:.,),9>HIG>7JI>DCFJ6A>;>:H6H6I6M;G::HE>CD;;G:HJAI>C<>CCDCG:8D<C>I>DCJC9:G,:8I>DCH6
6C96D;I=:D9:6C96IG6CH68I>DC>CL=>8=I=:HID8@9>HIG>7JI:9I=:G:7NH=DJA98DCHI>IJI:
UFJ6A>;>:9EGDE:GINV;DGEJGEDH:HD;,:8I>DCH9:6C98D;I=:D9:6C9>KCDC:D;I=:G:A6I:9
B:G<:GH86JH:H,:8I>DC:D;I=:D9:ID6EEANIDI=:.,),9>HIG>7JI>DC";CDIL>I=HI6C9>C<I=:8DC8AJH>DCH
:MEG:HH:9>CI=:H:DE>C>DCHI=:.,),,:E6G6I>DC6C9&:G<:GHL:G:9:I:GB>C:9ID7:I6M67A:16C9>IH
HID8@=DA9:GH8DJA9>C8JGH><C>;>86CII6MA>67>A>I>:H
"C699>I>DCEG>DGIDI=:!),&:G<:G,HEJCD;;>IH'DGI=B:G>86C)J7A>8,:8IDG7JH>C:HH'),DC
'DK:B7:GI=:'),,:E6G6I>DC"C8DCC:8I>DCL>I=I=:'),,:E6G6I>DC,G:8:>K:96CDE>C>DCD;
8DJCH:AHJ7HI6CI>6AANIDI=::;;:8II=6I;DG.,;:9:G6A>C8DB:I6MEJGEDH:HI=:'),,:E6G6I>DCFJ6A>;>:96H6
I6M;G::IG6CH68I>DCID,6C9=DA9:GHD;,8DBBDCHID8@JC9:G,:8I>DC6C9G:A6I:9EGDK>H>DCHD;I=:
D9:-=:8DBEA:I>DCD;I=:!),&:G<:GL6H8DC9>I>DC:9JEDCI=:G:8:>EID;,D;6CDE>C>DCD;8DJCH:AID
I=::;;:8II=6II=:!),&:G<:GH=DJA9CDI86JH:,:8I>DC:D;I=:D9:ID6EEANIDI=:'),,:E6G6I>DCDG
DI=:GL>H:6;;:8II=:FJ6A>;>86I>DCD;I=:'),,:E6G6I>DC6H6I6M;G::9>HIG>7JI>DCJC9:G,:8I>DCD;I=:D9:
";CDIL>I=HI6C9>C<I=:8DC8AJH>DCH:MEG:HH:9>CI=:H:DE>C>DCHI=:'),,:E6G6I>DCL:G:9:I:GB>C:9ID7:
I6M67A:,6C9,HID8@=DA9:GHI=6IG:8:>K:9,+"C8,+HID8@>CI=:'),,:E6G6I>DC8DJA9>C8JG
H><C>;>86CII6MA>67>A>I>:H
-=:DE>C>DCHD;8DJCH:AL:G:8:>K:9L:G:76H:9DC6BDC<DI=:GI=>C<HK6G>DJH;68IJ6AG:EG:H:CI6I>DCH6C9
6HHJBEI>DCH6HL:AA6H8:GI6>CJC9:GI6@>C<HB69:7N1):GHE:8I66C9,+";6CND;I=DH:G:EG:H:CI6I>DCH
DG6HHJBEI>DCH>HJCIGJ:DG>C8DBEA:I:>C6CNB6I:G>6AG:HE:8IDG6CND;I=DH:JC9:GI6@>C<H>HCDI8DBEA>:9L>I=
I=:8DC8AJH>DCHG:68=:9>CI=:DE>C>DC8DJA97:69K:GH:AN6;;:8I:96C9I=:.,),,:E6G6I>DCDGI=:'),
,:E6G6I>DCB6NCDIFJ6A>;N;DGI6M;G::IG:6IB:CIJGI=:GBDG:6CDE>C>DCD;8DJCH:A>HCDI7>C9>C<DCI=:"+,DG
I=:8DJGIH88DG9>C<ANCD6HHJG6C8:86C7:<>K:CI=6II=:"+,L>AACDI8=6AA:C<:I=:8DC8AJH>DCHH:I;DGI=>CI=:
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8N7:GH:8JG>ING>H@B6C6<:B:CIEGD<G6B6C9HJE:GK>H:7DI=DJG>CI:GC6A8N7:GH:8JG>INE:GHDCC:A6C9DJGG:I6>C:9
:MI:GC6A8N7:GH:8JG>IN8DCHJAI6CIH(JG AD76A",(=6H:MI:CH>K::ME:G>:C8:6HH:HH>C<6C9B6C6<>C<8N7:GH:8JG>IN
G:A6I:9G>H@H6C9>BEA:B:CI>C<G:A6I:9EDA>8>:HEGD8:9JG:H6C9HIG6I:<>:H(JG AD76A",(=6HH:GK:9>CA:69:GH=>E
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(JGB6C6<:B:CII:6BI6@:HHI:EHIDHI6N>C;DGB:967DJI6C9BDC>IDG:;;DGIHIDEG:K:CI9:I:8IB>I><6I:6C9G:B:9>6I:
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+:K:CJ:H    
"C8DB:7:;DG:>C8DB:I6M:H  
"C8DB:I6M:ME:CH:  
':I>C8DB:    
>AJI:9:6GC>C<HE:G8DBBDCH=6G:    
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;>BB4BC70CF4A4<8;;8>=0=3<8;;8>=5>AC7458B20;H40AB4=343%0A270=3%0A27A4B?42C8E4;H
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7A1/:.3/@A<232 7A1/:.3/@<232
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"/@16
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.C>I:9,I6I:H        
.C>I:9$>C<9DB     
(I=:GJGDE:     
JHIG6A>6     
(I=:G"CI:GC6I>DC6A     
-DI6A+:K:CJ:H        
+:EDGI67A:,:<B:CIH
,        
",     
-DI6A+:K:CJ:H        
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>=BC0=C2DAA4=2HA4E4=D4B0A40=>=(<40BDA420;2D;0C431HCA0=B;0C8=62DAA4=C?4A8>302C8E8CH8=C>,*3>;;0ABDB8=6C742><?0A01;4?A8>A
?4A8>3LB2DAA4=2H2>=E4AB8>=A0C4B+78B8=5>A<0C8>=8B2>=B8BC4=CF8C77>F<0=064<4=CE84FB>DAA4E4=D4B0=34E0;D0C4B>DA>?4A0C8=6?4A5>A<0=24
0=3CA4=3B>A<>A48=5>A<0C8>=B44&>=(8=0=280;%40BDA4B
-DI6AG:K:CJ:;DG;>H86AL6H7>AA>DC69:8A>C:D;B>AA>DCDG8DBE6G:9IDI=:EG>DG;>H86AN:6G
EG>B6G>AN9G>K:C7N69:8A>C:>CDG<6C>8G:K:CJ:6C96JC;6KDG67A:;DG:><C8JGG:C8N:M8=6C<:G6I:>BE68I
(G<6C>8G:K:CJ:>H6CDC )B:6HJG:6H9>H8JHH:9>CDJG'DC )>C6C8>6A&:6HJG:H"C699>I>DC;DG6
9>H8JHH>DCD;G>H@H6HHD8>6I:9L>I=DJG;DG:><CDE:G6I>DCHH::)6GI""I:B+>H@68IDGH
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W ,:<B:CIEGD;>IL6HB>AA>DC9DLCN:6GDK:GN:6GL>I=68DGG:HEDC9>C<B6G<>CD;
W DD@ID7>AAG6I>DD;M8DBE6G:9IDM9JG>C<;>H86A
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O+:K:CJ:L6H7>AA>DC9DLCN:6GDK:GN:6G9DLCDC6CDG<6C>876H>H
W ,:<B:CIEGD;>IL6HB>AA>DCJEN:6GDK:GN:6GL>I=68DGG:HEDC9>C<B6G<>CD;
W DD@ID7>AAG6I>DD;M8DBE6G:9IDM9JG>C<;>H86A
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>CB>AA>DCH "/@16 "/@16 =::/@ %3@13<B
DHIHD;H:GK>8:H:M8AJ9:H9:EG:8>6I>DC6C96BDGI>O6I>DC
6C9G:HIGJ8IJG>C<8DHIH       
,:AA>C<<:C:G6A6C969B>C>HIG6I>K::M8AJ9:H9:EG:8>6I>DC
6C96BDGI>O6I>DC6C9G:HIGJ8IJG>C<8DHIH    
:EG:8>6I>DC6C96BDGI>O6I>DC    
+:HIGJ8IJG>C<8DHIH    
"CI:G:HI:ME:CH:    
"CI:G:HI>C8DB:    
6>CDC9>HEDH>I>DCD;7JH>C:HH:H    
(I=:G>C8DB::ME:CH:C:I    
-DI6A8DHIH6C9:ME:CH:H       
7;<;7.#-:>1+-;
DHIHD;H:GK>8:H(,L:G:7>AA>DC;DG;>H86A69:8G:6H:D;B>AA>DC8DBE6G:9IDI=:EG>DG;>H86AN:6G
-=:9:8G:6H:>C:ME:CH:H6<6>CHII=:EG>DG;>H86AN:6GL6HEG>B6G>AN9J:ID69:8A>C:>C8DHIH;GDBADL:GG:K:CJ:A:K:AH
6C96G:9J8I>DC>CEGD;:HH>DC6AH:GK>8:H6C98DCIG68IDGG:A6I:9:ME:CH:H;GDBDJG8DHIDEI>B>O6I>DC:;;DGIH
GDHHB6G<>C+:K:CJ:HA:HH(,6H6E:G8:CI6<:D;G:K:CJ:L6H;DG;>H86A6C>C8G:6H:D;76H>H
ED>CIH6<6>CHII=:EG>DG;>H86AN:6G
#-4416/-6-:)4)6,,5161;<:)<1>-
,:AA>C<<:C:G6A6C969B>C>HIG6I>K::ME:CH:, L6H7>AA>DC;DG;>H86A6C>C8G:6H:D;B>AA>DC
8DBE6G:9IDI=:EG>DG;>H86AN:6G-=:>C8G:6H:>C:ME:CH:H6<6>CHII=:EG>DG;>H86AN:6GL6HEG>B6G>AN9J:ID6C6A><CB:CI
D;7JH>C:HH9:K:ADEB:CI:ME:CH:H;GDB(,>CHJEEDGID;I=:D;;:G>C<BD9:A6C96C>C8G:6H:>CIG6CH68I>DCH:E6G6I>DC
6C9>CI:<G6I>DCG:A6I:9U-,"V8DHIHE6GI>6AAND;;H:I7NADL:GB:G<:GG:A6I:9>C9:BC>;>86I>DC:ME:CH:HADL:GH=6G:76H:9
8DBE:CH6I>DC6C96<6>C;GDB6A:<6AH:IIA:B:CI>C;>H86A
, 6H6E:G8:CI6<:D;G:K:CJ:L6H;DG;>H86A6C>C8G:6H:D;76H>HED>CIH6<6>CHII=:EG>DG;>H86AN:6G
-8:-+1)<176)6,57:<1B)<176
:EG:8>6I>DC:ME:CH:L6HB>AA>DC;DG;>H86A69:8G:6H:D;B>AA>DC8DBE6G:9IDI=:EG>DG;>H86AN:6G-=:
9:8G:6H:>C9:EG:8>6I>DC:ME:CH:L6HEG>B6G>AN9J:IDADL:G6K:G6<:C:IEGDE:GIN6C9:FJ>EB:CI76A6C8:H
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BDGI>O6I>DC:ME:CH:L6HB>AA>DC;DG;>H86A69:8G:6H:D;B>AA>DC8DBE6G:9IDI=:EG>DG;>H86AN:6G-=:
9:8G:6H:>C6BDGI>O6I>DC:ME:CH:L6HEG>B6G>AN9J:IDADL:GHD;IL6G:6BDGI>O6I>DC
"-;<:=+<=:16/7;<;
JG>C<;>H86A B6C6<:B:CI6EEGDK:9<AD76A8DHI H6K>C<H>C>I>6I>K:H9:H><C:9ID7:II:G6A><CDJGLDG@;DG8:;68>A>IN
6C996I68:CI:GG:FJ>G:B:CIH-DI6AG:HIGJ8IJG>C<8DHIHG:8DG9:9C:ID;G:K:GH6AH9JG>C<;>H86AL:G:B>AA>DC6C
>C8G:6H:D;B>AA>DC8DBE6G:9IDI=:EG>DG;>H86AN:6GEG>B6G>AN;GDB6G:9J8I>DC>CLDG@;DG8:G:A6I:9:ME:CH:H
,::'DI:+:HIGJ8IJG>C<DHIH;DG699>I>DC6A>C;DGB6I>DC67DJIDJGG:HIGJ8IJG>C<68I>DCH
6<-:-;<@8-6;-)6,6<-:-;<6+75-
DG;>H86AC:I>CI:G:HI:ME:CH:>CI:G:HI:ME:CH:A:HH>CI:G:HI>C8DB:L6HB>AA>DC69:8G:6H:D;B>AA>DC6H
8DBE6G:9IDI=:EG>DG;>H86AN:6G
-=:9:8G:6H:>CC:I>CI:G:HI:ME:CH:6<6>CHII=:8DBE6G6I>K:E:G>D9L6HEG>B6G>AN9J:ID9:8G:6H:9>CI:G:HI:ME:CH:
;GDBADL:GA:K:AHD;6HH:I;>C6C8>C<6C98DBB:G8>6AE6E:G6C9=><=:GC:I>CI:G:HI>C8DB:;GDB86H=9:EDH>IH
)16761;87;1<1767.=;16-;;-;
JG>C<;>H86A6C9;>H86AI=:DBE6CNHDA9>CH><C>;>86CI7JH>C:HH:H6C9B69:69?JHIB:CIHID:HI>B6I:9
6BDJCIH;GDBEG>DGN:6GHT9>HEDH>I>DCHI=6IG:HJAI:9>C6<6>CD;B>AA>DC6C9B>AA>DCG:HE:8I>K:AN
<0-:6+75-@8-6;--<
(I=:G>C8DB::ME:CH:C:I8DBEG>H:HCDCH:GK>8:8DHI8DBEDC:CIHD;C:IE:G>D9>8E:CH>DC>C8DB:E:CH>DC6C9()
68IJ6G>6A6C9H:IIA:B:CI<6>CHADHH:HBDK:B:CI>C;DG:><C8JGG:C8N:M8=6C<:G6I:HDCDJG;DG:><C8JGG:C8N
9:CDB>C6I:96HH:IH6C9A>67>A>I>:H6C9I=:G:A6I:9:8DCDB>8=:9<:HADHH:H<6>CHDCG:6A:HI6I:6C9;68>A>INH6A:H6C9
DI=:GB>H8:AA6C:DJH<6>CH6C9ADHH:H
-=:8DBEDC:CIHD;DI=:G>C8DB::ME:CH:C:IL:G:6H;DAADLH
7A1/:.3/@A<232
>CB>AA>DCH "/@16 "/@16 =::/@6/<53
'DCH:GK>8:8DHI8DBEDC:CIHD;C:IE:G>D9>8E:CH>DC>C8DB:      
):CH>DC6C9()68IJ6G>6A6C9H:IIA:B:CI<6>CHADHH:H   
DG:><C8JGG:C8N<6>CH   
%DHH<6>CDCG:6A:HI6I:6C9;68>A>INH6A:H   
(I=:GB>H8:AA6C:DJH<6>CH6C9ADHH:H   
-DI6A      

(I=:G>C8DB::ME:CH:C:IL6HB>AA>DC>C;>H86A68=6C<:D;B>AA>DC6<6>CHII=:EG>DG;>H86AN:6G-=:
8=6C<:6<6>CHII=:EG>DG;>H86AN:6GL6HEG>B6G>AN9J:ID
W C:IE:G>D9>8E:CH>DC>C8DB:>C8G:6H:97NB>AA>DCEG>B6G>AN9J:ID8=6C<:H>C:ME:8I:9G:IJGCHDC6HH:IH6C9
DI=:G68IJ6G>6A6HHJBEI>DCH
W E:CH>DC6C9()68IJ6G>6A6C9H:IIA:B:CI<6>CHADHH:HL:G:B>AA>DC6C9B>AA>DCG:HE:8I>K:AN6
8=6C<:D;B>AA>DC;GDBB6G@IDB6G@:I69?JHIB:CIH6C9DI=:GH:IIA:B:CI<6>CHADHH:H
W ;DG:><C8JGG:C8N<6>CH9:8G:6H:9B>AA>DCEG>B6G>AN9J:IDBDK:B:CIHD;:M8=6C<:G6I:HDCDJG;DG:><C
8JGG:C8N9:CDB>C6I:96HH:IH6C9A>67>A>I>:HG:A6I:9=:9<:H>C8AJ9>C<;DGL6G98DCIG68IHIDB6C6<:DJG:MEDHJG:
ID:8DCDB>8G>H@6C9I=:8DHID;DJG=:9<>C<EGD<G6B
W ADHH:H<6>CHDCG:6A:HI6I:6C9;68>A>INL:G:B>AA>DC6C9B>AA>DCG:HE:8I>K:AN68=6C<:D;B>AA>DC
W 69:8G:6H:>CDI=:GB>H8:AA6C:DJH<6>CH6C9ADHH:HD;B>AA>DCEG>B6G>AN;GDB>BE6>GB:CIADHH:H>C;>H86A
6C9I=:<6>CDCI=:H6A:D;6HIG6I:<>8>CK:HIB:CI>C;>H86A
$)@-;
(JG:;;:8I>K:I6MG6I:-+DC>C8DB:ADHH;GDB8DCI>CJ>C<DE:G6I>DCH7:;DG:I6M:H;DG;>H86A6C9L6H
6C9G:HE:8I>K:ANG:8DC8>A>6I>DCD;I=:9>;;:G:C8:H7:IL::CI=:.,;:9:G6AHI6IJIDGNG6I:6C9I=:-+6H
L:AA6HDI=:G>C;DGB6I>DC67DJIDJG>C8DB:I6MEGDK>H>DC>HEGDK>9:9>C'DI:"C8DB:-6M:H
"C;>H86AI=:-+L6HEG>B6G>AN>BE68I:97N
W -=:<AD76AB>MD;>C8DB:6C98=6C<:H>C;DG:><CHI6IJIDGNI6MG6I:HL=>8=>C8G:6H:9I=:;DG:><CI6MG6I:
9>;;:G:CI>6A6C9I=:-+7NB>AA>DC6C9G:HE:8I>K:AN
W "C8DB:I6M6C9;DG:><CI6M8G:9>IHL=>8=9:8G:6H:9>C8DB:I6M:ME:CH:6C9I=:-+7NB>AA>DC6C9
G:HE:8I>K:AND;;H:I7NI6M:ME:CH:DC.,>CI:GC6I>DC6AI6M>C8AJH>DCHL=>8=>C8G:6H:9I6M:ME:CH:6C9I=:-+
7NB>AA>DC6C9G:HE:8I>K:AN
W -=:I6M7:C:;>ID;8=6C<:H>CJC8:GI6>CI6MEDH>I>DCHG:A6I:9IDI=::ME>G6I>DCD;I=:HI6IJI:D;A>B>I6I>DCH6C9
86E>I6A>O:9G:H:6G8=6C9:ME:G>B:CI6A:ME:C9>IJG:HD;;H:I7NI=:>BE68ID;>C8G:6H:H>CDI=:GJC8:GI6>CI6M
EDH>I>DCH6C9688GJ:9>CI:G:HIL=>8=9:8G:6H:9>C8DB:I6M:ME:CH:6C9I=:-+7NB>AA>DC6C9
G:HE:8I>K:AN
"C;>H86AI=:-+L6HEG>B6G>AN>BE68I:97N
W =6C<:H>C;DG:><C?JG>H9>8I>DC6AADHH:HI=6I9:8G:6H:9I=:-+7NB>AA>DC6C9G:HE:8I>K:ANL>I=6C
D;;H:II>C<>C8G:6H:>CI=:-+9J:ID6C>C8G:6H:>CI=:K6AJ6I>DC6AADL6C8:D;I=:H6B:6BDJCI
W "C8DB:I6M6C9;DG:><CI6M8G:9>IHL=>8=9:8G:6H:9>C8DB:I6M:ME:CH:6C99:8G:6H:9I=:-+7N
B>AA>DC6C9G:HE:8I>K:AND;;H:I7NI6M:ME:CH:DC.,>CI:GC6I>DC6AI6M>C8AJH>DCHL=>8=
>C8G:6H:9I6M:ME:CH:6C9>C8G:6H:9I=:-+7NB>AA>DC6C9G:HE:8I>K:AN
W DG:><CL>I==DA9>C<I6M:HL=>8=>C8G:6H:9>C8DB:I6M:ME:CH:6C9>C8G:6H:9I=:-+7NB>AA>DC
6C9G:HE:8I>K:AN
-=:"CI:GC6A+:K:CJ:,:GK>8:I=:U"+,V=6H:M6B>C:9DG>H:M6B>C>C<I=:DBE6CNTH;:9:G6A>C8DB:I6MG:IJGCH;DG
;>H86AN:6GHI=GDJ<=I=:I6MN:6G:C9:9(8ID7:G0>I=G:HE:8IID,TH;>H86AN:6GHI=GDJ<=
;:9:G6AI6MG:IJGCHI=:DBE6CNE6GI>8>E6I:9>CH:IIA:B:CIC:<DI>6I>DCHL>I=I=:"+,(;;>8:D;EE:6AH-=:"+,:M6B>C:9
H:K:G6A>HHJ:H;DGI=:H:I6MN:6GHI=6IG:HJAI:9>CK6G>DJH6J9>I69?JHIB:CIH-=:DBE6CN6C9I=:"+,(;;>8:D;EE:6AH
=6K:H:IIA:9K6G>DJH6J9>I69?JHIB:CIH6C9L:9>H6<G::L>I=I=:"+,T9>H6AADL6C8:D;8:GI6>CADHH:H6C99:9J8I>DCH
G:HJAI>C<;GDBG:HIGJ8IJG>C<8DHIH;DG:><C:M8=6C<:ADHH:H6C96I=>G9E6GIN;>C6C8>C<IG6CH68I>DC>CEG:K>DJHN:6GH
0:=6K:G:8:>K:9CDI>8:HD;9:;>8>:C8N6C96;>C6AE6GIC:GH=>E69B>C>HIG6I>K:69?JHIB:CIL>I=G:HE:8IID;>H86AN:6GH
6C96C9=6K:I>B:AN;>A:9E:I>I>DCHL>I=I=:.,-6MDJGI
-=:.,-6MDJGI86H:H<:C:G6AAN>CKDAK:I=G::EG>B6GN>HHJ:H-=:;>GHI>HHJ:E:GI6>CHID686E>I6AADHHI=:DBE6CN
8A6>B:9>C;>H86AN:6G>CI=:6BDJCID;B>AA>DCL=>8=I=:"+,HJ7H:FJ:CIAN9>H6AADL:96C9;DGL=>8=>I
EGDEDH:96HJ7HI6CI>6AJC9:GHI6I:B:CIE:C6AIN-=:IDI6A86H=I6ME6NB:CII=:"+,>HH::@>C<>H6EEGDM>B6I:AN
B>AA>DC>C8AJH>K:D;E:C6AI>:H6C9>CI:G:HIL=>8=8DCI>CJ:HID688GJ:-=:B6II:G>H8JGG:CIANH8=:9JA:9;DGIG>6A>CJ<JHI


-=:H:8DC9>HHJ:E:GI6>CHIDI=:DBE6CNTH9:9J8I>DC;DGG:HIGJ8IJG>C<:ME:CH:H>C;>H86AN:6G>CI=:6BDJCID;
B>AA>DCL=>8=I=:"+,=6H9>HEJI:9-=:IDI6A86H=I6ME6NB:CII=:"+,>HH::@>C<>H6EEGDM>B6I:ANB>AA>DC
>C8AJH>K:D;E:C6AI>:H6C9>CI:G:HIL=>8=8DCI>CJ:HID688GJ:"C#6CJ6GNI=:DJGI9:C>:9I=:"+,THBDI>DC;DG
HJBB6GN?J9<B:CIIG>6A96I:>HE:C9>C<
-=:I=>G9>HHJ:EG>B6G>ANE:GI6>CHID;DG:><C8JGG:C8NADHH:H;GDBI=6II=:DBE6CN8A6>B:9>C;>H86AN:6GH6C9
>CI=:6BDJCID;B>AA>DCG:HJAI>C<;GDBI=:9:EG:8>6I>DCD;I=:.,9DAA6G6<6>CHII=:JGDDK:G6C:><=IN:6G
E:G>D9;GDBIDJEDCI:GB>C6I>DCD;6E6GIC:GH=>E>CI:G:HI>CKDAK>C<ILD:CI>I>:HL>I=9>;;:G:CI;JC8I>DC6A
8JGG:C8>:H-=:IDI6A86H=I6ME6NB:CII=:"+,>HH::@>C<>H6EEGDM>B6I:ANB>AA>DC>C8AJH>K:D;E:C6AI>:H6C9
>CI:G:HIL=>8=8DCI>CJ:HID688GJ:-=>HB6II:G>H8JGG:CIANE:C9>C<6HJBB6GN?J9<B:CIBDI>DC;GDBI=:"+,
HL:7:A>:K:L:L>AAJAI>B6I:ANEG:K6>ADCI=:I:8=C>86AB:G>IHD;I=:9>H6<G::9>I:BH6C96G:8=6AA:C<>C<I=:B>CI=:.,
-6MDJGII=:67DK:B6II:GH6G:CDI;JAANG:H:GK:96C9LDJA9G:HJAI>C>C8G:B:CI6A;:9:G6A6C9HI6I:I6M:ME:CH:D;
6EEGDM>B6I:ANB>AA>DC>C8AJ9>C<:HI>B6I:9>CI:G:HI6C9E:C6AI>:H;DGI=:JCG:H:GK:9EDGI>DCD;I=:H:>I:BH6C986H=
I6ME6NB:CIHD;6EEGDM>B6I:ANB>AA>DC>;L:9DCDIEG:K6>A-=:H:6BDJCIH6G:C:ID;6C:ME:8I:9B>AA>DC
>CI:G:HI9:9J8I>DCI6M7:C:;>I
JG>C<;>H86AI=:DBE6CN9:I:GB>C:9I=:G:L:G:>C69K:GI:CIDB>HH>DCHDCEG:K>DJHAN;>A:9I6MG:IJGCHG:A6I:9ID
<6>CG:8D<C>I>DC6<G::B:CIH6C98:GI6>CG:A6I:9I6M;DGBH6C99>H8ADHJG:H-=:DBE6CNCDI>;>:9I=:"+,EGDBEIAN6C9
;>A:9;DGG:A>:;JC9:G-G:6H+:<,:86EID8DGG:8II=:>HHJ:
-=:DBE6CNTH;>H86AN:6GH6C96G:>CI=:.,-6MDJGI6C98DCH:FJ:CIANI=:H:N:6GHL>AAG:B6>C
DE:CJCI>AHJ8=EGD8::9>C<H=6K:8DC8AJ9:9-=:DBE6CN=6H6<G::9ID:MI:C9I=:HI6IJI:D;A>B>I6I>DCH;DG;>H86A6C9
I6MG:IJGCN:6GHI=GDJ<=ID:8:B7:G-=:DBE6CN:ME:8IHIDG:68=G:HDAJI>DC;DG;>H86A6C9I6M
G:IJGCN:6GHI=GDJ<=CD:6GA>:GI=6C;>H86AN:6G-=:DBE6CN:ME:8IHIDG:68=G:HDAJI>DC;DG;>H86A6C9
I6MG:IJGCN:6GH6C9CD:6GA>:GI=6C;>H86AN:6G-=:DBE6CN:ME:8IHIDG:68=G:HDAJI>DC;DG;>H86A6C9
I6MG:IJGCN:6GHI=GDJ<=CD:6GA>:GI=6C;>H86AN:6G
-=:DBE6CNB6NH:IIA:8:GI6>CDI=:GI6M:M6B>C6I>DCH;DG9>;;:G:CI6BDJCIHI=6CI=:DBE6CN=6H688GJ:96H
JC8:GI6>CI6MEDH>I>DCHDCH:FJ:CIANI=:DBE6CNB6NC::9ID688GJ:6C9JAI>B6I:ANE6N699>I>DC6A6BDJCIHDGE6N
ADL:G6BDJCIHI=6CEG:K>DJHAN:HI>B6I:96C9688GJ:9L=:CEDH>I>DCH6G:H:IIA:9>CI=:;JIJG:-=:DBE6CN7:A>:K:HI=:
DJI8DB:HI=6I6G:G:6HDC67ANEDHH>7A:L>I=>CI=:C:MIBDCI=HIDG:HJAI>C6G:9J8I>DC>C>IHA>67>A>IN;DGJC8:GI6>CI6M
EDH>I>DCH:M8AJ9>C<>CI:G:HIE:C6AI>:H6C9I6M86GGN;DGL6G9HLDJA97:6EEGDM>B6I:ANB>AA>DC
):616/;!-:#0):-!#
>AJI:9),;DG;>H86AL6H6C>C8G:6H:D;8DBE6G:9IDI=:EG>DG;>H86AN:6G-=:>C8G:6H:>C9>AJI:9),
6<6>CHII=:EG>DG;>H86AN:6GL6HEG>B6G>AN9J:ID6C>C8G:6H:>CC:I>C8DB:6IIG>7JI67A:ID18DBBDCHID8@=DA9:GH6C9
6ADL:GL:><=I:96K:G6<:H=6G:8DJCI;GDBI=:DBE6CNTHH=6G:G:EJG8=6H:H
>AJI:9),;DG;>H86A>C8AJ9:HE:GH=6G:D;G:HIGJ8IJG>C<8DHIHE:GH=6G:D;IG6CH68I>DCH:E6G6I>DC6C9
>CI:<G6I>DCG:A6I:98DHIHE:GH=6G:D;6BDGI>O6I>DCD;68FJ>G:9>CI6C<>7A:6HH:IHE:GH=6G:D;B:G<:G
G:A6I:9>C9:BC>;>86I>DCE:GH=6G:D;>BE6>GB:CIADHH:HE:GH=6G:D;C:I<6>CHDC9>HEDH>I>DCHE:G
H=6G:D;C:IADHH:HDCG:6A:HI6I:6C9;68>A>INH6A:HE:GH=6G:D;E:CH>DC6C9()68IJ6G>6A6C9H:IIA:B:CI
<6>CH6C9E:GH=6G:D;I6M69?JHIB:CIHEG>B6G>ANG:A6I>C<IDI6M69?JHIB:CIHID>BE6>GDGG:8D<C>O:8:GI6>C
9:;:GG:9I6M6HH:IH6C969?JHIB:CIH;DG8=6C<:H>CI6MA:<>HA6I>DC
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76!16)6+1)4-);=:-;
0:EG:H:CICDC );>C6C8>6AB:6HJG:HD;E:G;DGB6C8:L=>8=6G:9:G>K:9;GDBI=:HI6I:B:CIHD;DE:G6I>DCHD;1
-=:H:CDC );>C6C8>6AB:6HJG:H>C8AJ9::6GC>C<H7:;DG:>CI:G:HI6C9I6M:HU"-V69?JHI:9"-CDC )
>C8DB:7:;DG:>C8DB:I6M:HCDC )C:I>C8DB:CDC )C:I>C8DB:6IIG>7JI67A:ID18DBBDCHID8@=DA9:GH
CDC )),DG<6C>8G:K:CJ:<GDLI=8DCHI6CI8JGG:C8NG:K:CJ:H6C9;G::86H=;ADL
0:7:A>:K:"-69?JHI:9"-CDC )>C8DB:7:;DG:>C8DB:I6M:HCDC )C:I>C8DB:CDC )C:I>C8DB:
6IIG>7JI67A:ID18DBBDCHID8@=DA9:GH6C9CDC )),EGDK>9:>CK:HIDGHL>I=JH:;JAHJEEA:B:CI6A>C;DGB6I>DC
67DJIDJGDE:G6I>C<E:G;DGB6C8:6;I:G:M8AJ9>C<8:GI6>C86I:<DG>:HD;:ME:CH:H6HL:AA6H<6>CH6C9ADHH:HDC8:GI6>C
9>HEDH>I>DCH6C98:GI6>CI6M69?JHIB:CIH
0:7:A>:K:8DCHI6CI8JGG:C8NG:K:CJ:HEGDK>9:H>CK:HIDGHL>I=JH:;JAHJEEA:B:CI6A>C;DGB6I>DC67DJIDJGG:K:CJ:H6;I:G
:M8AJ9>C<I=::;;:8ID;8JGG:C8N:M8=6C<:G6I:;AJ8IJ6I>DCH;DG8JGG:C8>:HDI=:GI=6C.,9DAA6GH>CI=:E:G>D9HEG:H:CI:9
,::7:ADL;DG69:H8G>EI>DCD;I=:B:I=D9DAD<NL:JH:IDEG:H:CI8DCHI6CI8JGG:C8NG:K:CJ:H
(C:86I:<DGND;:ME:CH:H:M8AJ9:9;GDB69?JHI:9"-CDC )>C8DB:7:;DG:>C8DB:I6MCDC )C:I>C8DB:
CDC )C:I>C8DB:6IIG>7JI67A:ID18DBBDCHID8@=DA9:GH6C9CDC )),>C8G:B:CI6A6BDGI>O6I>DCD;
>CI6C<>7A:6HH:IH68FJ>G:9I=GDJ<=7JH>C:HH8DB7>C6I>DCH>;>C8AJ9:9B6NG:HJAI>C6H><C>;>86CI9>;;:G:C8:>CE:G>D9DK:G
E:G>D96BDGI>O6I>DC:ME:CH:DC6 )76H>H0::M8AJ9:6BDGI>O6I>DCD;8:GI6>C68FJ>G:9>CI6C<>7A:6HH:IH6HI=:H:
CDC86H=6BDJCIH6G:>C8DCH>HI:CI>C6BDJCI6C9;G:FJ:C8N6C96G:H><C>;>86CIAN>BE68I:97NI=:I>B>C<6C9DGH>O:D;
68FJ>H>I>DCHAI=DJ<=1B6C6<:B:CI:M8AJ9:H6BDGI>O6I>DCD;68FJ>G:9>CI6C<>7A:6HH:IHEG>B6G>AN8JHIDB:GG:A6I:9
>CI6C<>7A:6HH:IH;GDB>IHCDC ):ME:CH:HL:7:A>:K:I=6I>I>H>BEDGI6CI;DG>CK:HIDGHIDJC9:GHI6C9I=6IHJ8=
>CI6C<>7A:6HH:IHL:G:G:8DG9:96HE6GID;EJG8=6H:688DJCI>C<6C9HJEEDGIG:K:CJ:<:C:G6I>DCCN;JIJG:IG6CH68I>DCH
B6NG:HJAI>C68=6C<:IDI=:68FJ>G:9>CI6C<>7A:6HH:I76A6C8:H6C96HHD8>6I:96BDGI>O6I>DC:ME:CH:
CDI=:G86I:<DGND;:ME:CH:H:M8AJ9:9;GDB69?JHI:9"-CDC )>C8DB:7:;DG:>C8DB:I6MCDC )C:I
>C8DB:CDC )C:I>C8DB:6IIG>7JI67A:ID18DBBDCHID8@=DA9:GH6C9CDC )),>H>BE6>GB:CIADHH:H
L=>8=>;>C8AJ9:9B6NG:HJAI>C6H><C>;>86CI9>;;:G:C8:>CE:G>D9DK:GE:G>D9:ME:CH:DC6 )76H>H0::M8AJ9:
>BE6>GB:CIADHH:H6HI=:H:CDC86H=6BDJCIHG:;A:8I<:C:G6AAN6C688:A:G6I>DCD;L=6ILDJA97:BJAI>EA:E:G>D9HD;
:ME:CH:6C96G:CDI:ME:8I:9IDD88JG;G:FJ:CIANJGI=:G6HH:IHHJ8=6H<DD9L>AAB6N7:H><C>;>86CIAN>BE68I:97N
B6G@:I8DC9>I>DCHDJIH>9:D;B6C6<:B:CITH8DCIGDA
,:A:8I:9G:;:G:C8:H6G:B69:IDG:K:CJ:<GDLI=DC6CUDG<6C>876H>HVHDI=6I8:GI6>C;>C6C8>6AG:HJAIH86C7:K>:L:9
L>I=DJII=:>BE68ID;;AJ8IJ6I>DCH>C;DG:><C8JGG:C8NG6I:H6C9L>I=DJII=:>BE68IHD;68FJ>H>I>DCH6C99>K:HI>IJG:H
I=:G:7NEGDK>9>C<8DBE6G>HDCHD;DE:G6I>C<E:G;DGB6C8:;GDBE:G>D9IDE:G>D9D;I=:7JH>C:HHI=6IL:=6K:DLC:99JG>C<
7DI=E:G>D9HEG:H:CI:9(G<6C>8G:K:CJ:<GDLI=>H86A8JA6I:97N9>K>9>C<I=:N:6GDK:GN:6G8=6C<:>C )G:K:CJ:H
6IIG>7JI:9IDDG<6C>8<GDLI=7NI=: )G:K:CJ:HG:EDGI:9>CI=:EG>DG8DBE6G67A:E:G>D9(G<6C>8G:K:CJ:>H86A8JA6I:9
6H8DCHI6CI8JGG:C8NG:K:CJ::M8AJ9>C<I=:>BE68ID;B:G<:GH68FJ>H>I>DCHDGH>B>A6GIG6CH68I>DCHJCI>AI=:DC:N:6G
6CC>K:GH6GND;I=:IG6CH68I>DC6C9:M8AJ9>C<G:K:CJ:HD;9>K:HI>IJG:H9JG>C<I=:G:EDGI>C<E:G>D9-=>H6EEGD68=>HJH:9
;DG6AAG:HJAIHL=:G:I=:;JC8I>DC6A8JGG:C8N>HCDII=:.,9DAA6G0:7:A>:K:DG<6C>8G:K:CJ:<GDLI=EGDK>9:H>CK:HIDGH
L>I=JH:;JAHJEEA:B:CI6A>C;DGB6I>DC67DJIDJGG:K:CJ:H6;I:G:M8AJ9>C<I=::;;:8ID;8JGG:C8N:M8=6C<:G6I:;AJ8IJ6I>DCH
;DG8JGG:C8>:HDI=:GI=6C.,9DAA6GH6C9I=::;;:8IHD;68FJ>H>I>DCH6C99>K:HI>IJG:H>C7DI=E:G>D9HEG:H:CI:9
G::86H=;ADLG:EG:H:CIH86H=;ADL;GDBDE:G6I>DCHA:HH86E>I6A:ME:C9>IJG:HG::86H=;ADL>HJI>A>O:97NDJG
B6C6<:B:CI>CK:HIDGH6C96C6ANHIHID:K6AJ6I:86H=6K6>A67A:IDE6N9:7IG:EJG8=6H:H=6G:H6C9EGDK>9:;JGI=:G
>CK:HIB:CI>CI=:7JH>C:HH
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I=:N9DCDIG:;A:8I8DBEA:I:;>C6C8>6AG:HJAIH0:8DBE:CH6I:;DGI=>HA>B>I6I>DC7NEGDK>9>C<6G:8DC8>A>6I>DC7:IL::CDJG
CDC );>C6C8>6AB:6HJG:H6C9I=:G:HE:8I>K:BDHI9>G:8IAN8DBE6G67A:;>C6C8>6AB:6HJG:86A8JA6I:96C9EG:H:CI:9>C
688DG96C8:L>I= )99>I>DC6AANDI=:G8DBE6C>:H>C8AJ9>C<8DBE6C>:H>CDJG>C9JHIGNB6N86A8JA6I:CDC )
;>C6C8>6AB:6HJG:H9>;;:G:CIANI=6CL:9DA>B>I>C<I=:JH:;JAC:HHD;I=DH:B:6HJG:H;DG8DBE6G6I>K:EJGEDH:H7:IL::C
8DBE6C>:H,:A:8I:9G:;:G:C8:H6G:B69:DC6U8DCHI6CI8JGG:C8N76H>HVHDI=6I8:GI6>C;>C6C8>6AG:HJAIH86C7:K>:L:9
L>I=DJII=:>BE68ID;;AJ8IJ6I>DCH>C;DG:><C8JGG:C8NG6I:HI=:G:7NEGDK>9>C<8DBE6G>HDCHD;DE:G6I>C<E:G;DGB6C8:;GDB
E:G>D9IDE:G>D9>C6C8>6AG:HJAIHDC6U8DCHI6CI8JGG:C8N76H>HV6G:CDC )B:6HJG:H86A8JA6I:97NIG6CHA6I>C<
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W &:G<:GG:A6I:9>C9:BC>;>86I>DCR>C;>H86A6C9;>H86AG:EG:H:CIHI=:DBE6CNTH:HI>B6I:D;EDI:CI>6A
C:IA>67>A>INID!);DGI6MG:A6I:9>C9:BC>;>86I>DCH
W 6>CH6C9ADHH:HDC9>HEDH>I>DCHR<6>CH6C9ADHH:HG:A6I:9ID9>HEDH>I>DCHD;7JH>C:HH:HHIG6I:<>86HH:IH6C9
>CI:G:HIH>CA:HHI=6CL=DAANDLC:9:CI>I>:H
W 6>CH6C9ADHH:HDCG:6A:HI6I:6C9;68>A>INH6A:HR<6>CH6C9ADHH:HG:A6I:9ID9>HEDH>I>DCHD;G:6AEGDE:GIN
W "BE6>GB:CIADHH:HRCDC86H=8=6G<:H6HHD8>6I:9L>I=I=:E:GB6C:CIG:9J8I>DC>CI=:K6AJ:D;I=:DBE6CNTH
6HH:IH:<>BE6>GB:CID;<DD9L>AA6C9DI=:GADC<I:GB6HH:IH>C8AJ9>C<;>M:96HH:IH6C9>BE6>GB:CIHID9:;:GG:9
I6M6HH:IH;DG9>H8G:I:8=6C<:H>CK6AJ6I>DC6AADL6C8:HJIJG:9>H8G:I:G:K:GH6AHD;K6AJ6I>DC6AADL6C8:H6G:
A>@:L>H::M8AJ9:9
W -6M69?JHIB:CIHR9>H8G:I:I6M69?JHIB:CIHID>BE6>GDGG:8D<C>O:8:GI6>C9:;:GG:9I6M6HH:IH69?JHIB:CIH;DG
8=6C<:H>CI6MA:<>HA6I>DC6C969?JHIB:CIHIDIG6CH>I>DCI6M"C8DB:I6M:ME:CH:7:C:;>I;GDBI=:>BE68ID;
B:G<:GH6C99>K:HI>IJG:H>HH:E6G6I:AN8DBEJI:976H:9DCI=:JC9:GAN>C<IG6CH68I>DC"C8DB:I6M:ME:CH:D;6AA
DI=:GCDC9>H8G:I:CDC )69?JHIB:CIH>H8DBEJI:97N6EEAN>C<I=:?JG>H9>8I>DC6AI6MG6I:IDI=:EG:I6M
69?JHIB:CIHDC6?JG>H9>8I>DC6A76H>H
*C0AC8=68=C7458B20;@D0AC4A4=343*4?C4<14AC74><?0=HLBA4?>AC43=>=(58=0=280;A4BD;CBA45;42C0=
039DBC<4=C5>A608=B0=3;>BB4B>=A40;4BC0C40=35028;8C84B38B?>B8C8>=BF7827C74><?0=HLB2DAA4=C<0=064<4=C
14;84E4B0A4=>CA45;42C8E4>5C742>A4>?4A0C8=6?4A5>A<0=24>5>DA1DB8=4BB>A2><?0A018;8CH?DA?>B4B78BC>A820;=>=
(58=0=280;<40BDA4BB4C5>AC774A48=70E4144=A420BCC>A45;42CC78B270=64F78278=2;D343608=B>=38B?>B8C8>=B>5
A40;?A>?4ACH>50??A>G8<0C4;H<8;;8>=5>AC7458B20;H40A4=343%0A27

G:8DC8>A>6I>DCD;G:EDGI:9G:HJAIHIDCDC )G:HJAIH>H6H;DAADLH
7A1/:.3/@<232"/@16
>CB>AA>DCH:M8:EIE:G
H=6G:6BDJCIH
A
'3>=@B32
'3AB@C1BC@7<5
=ABA
)@/<A/1B7=<
(3>/@/B7=<
/<2
<B35@/B7=<
'3:/B32
=ABA
;=@B7H/B7=
<
=41?C7@32
<B/<570:3
AA3BA
"3@53@
'3:/B32
<23;<7471/
B7=<
;>/7@;3<B
!=AA3A
/7<A/<2
!=AA3A=<
7A>=A7B7=
<A
/7<A/<2
!=AA3A=<
'3/:AB/B3
/<2/17:7BG
(/:3A
%3<A7=</<2
$%
1BC/@7/:
/<2
(3BB:3;3<B
/7<A/<2
!=AA3A
)/F
28CAB;3
<B
#=<%
'3AC:BA
"C8DB:7:;DG:>C8DB:
I6M:H          S 
"C8DB:I6M:ME:CH:           
':I>C8DB:           
%:HHC:I>C8DB:
6IIG>7JI67A:IDCDC
8DCIGDAA>C<>CI:G:HIC:I
D;I6M  S S S S S S S  S 
':I>C8DB:6IIG>7JI67A:
ID18DBBDC
HID8@=DA9:GH                     
;;:8I>K:-6M+6I:  
6H>8),                      
>AJI:9),                      
0:><=I:96K:G6<:
8DBBDCH=6G:H
DJIHI6C9>C
<
;DG
6H>8),           
>AJI:9),           
7A1/:.3/@<232"/@16
>CB>AA>DCH:M8:EIE:GH=6G:
6BDJCIH
A
'3>=@B32
'3AB@C1BC@7
<5
=ABA
)@/<A/1B7=<
(3>/@/B7=<
/<2
<B35@/B7=<
'3:/B32
=ABA
;=@B7H/B7=<
=41?C7@32
<B/<570:3
AA3BA
"3@53@
'3:/B32
<23;<7471
/B7=<
;>/7@;3<
B!=AA3A
/7<A/<2
!=AA3A=<
7A>=A7B7=
<A
/7<A/<2
!=AA3A=<
'3/:AB/B3
/<2/17:7BG
(/:3A
%3<A7=</<2
$%
1BC/@7/:
/<2
(3BB:3;3<B
/7<A/<2
!=AA3A
)/F
28CAB;
3<B
#=<%
'3AC:BA
"C8DB:7:;DG:>C8DB:I6M:H          S 
"C8DB:I6M:ME:CH:           
':I>C8DB:           
%:HHC:IADHH6IIG>7JI67A:ID
CDC8DCIGDAA>C<>CI:G:HIC:ID;
I6M  S S S S  S S  S 
':I>C8DB:6IIG>7JI67A:ID
18DBBDCHID8@=DA9:GH                      
;;:8I>K:-6M+6I:  
6H>8),                      
>AJI:9),                      
0:><=I:96K:G6<:8DBBDC
H=6G:HDJIHI6C9>C<;DG
6H>8),           
>AJI:9),           

+:8DC8>A>6I>DCHD;G:K:CJ:<GDLI=IDDG<6C>8G:K:CJ:<GDLI=6G:6H;DAADLH
7A1/:.3/@A<232
"/@16 "/@16
-DI6AG:K:CJ:<GDLI= 
DG:><C8JGG:C8N  
8FJ>H>I>DCH6C99>K:HI>IJG:H  
(G<6C>8G:K:CJ:<GDLI= 
,G:K:CJ:<GDLI= 
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"C8DB:I6M:ME:CH:  
"CI:G:HI>C8DB:  
"CI:G:HI:ME:CH:  
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EDDA:9G:HDJG8:HIDB::IA>FJ>9>INC::9H
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JEDCG:E6IG>6I>DC!DL:K:G6EDGI>DCD;I=>H86H=B6NHI>AA7:HJ7?:8IID;DG:><C6C9.,HI6I:>C8DB:I6M8DCH:FJ:C8:H
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EA6CIDG:E6IG>6I:I=:H:;JC9HCDI9:H><C6I:96H>C9:;>C>I:ANG:>CK:HI:9
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A>B>I6I>DCHL=>8=B6NG:HIG>8IDGG:HJAI>C>C8G:6H:98DHIH>CI=:G:E6IG>6I>DCD;I=:H:;JC9H"C699>I>DCDI=:GEG68I>86A
8DCH>9:G6I>DCHB6NA>B>IDJGJH:D;8DCHDA>96I:986H=-=>H>C8AJ9:H86H=D;7>AA>DC=:A97NB6?DG>INDLC:9
8DCHDA>96I:9HJ7H>9>6G>:HL=:G:I=>G9E6GI>:HDGEJ7A>8H=6G:=DA9:GH=DA9B>CDG>IN>CI:G:HIH
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W 6B>AA>DC9:8G:6H:>CE6NB:CIHDC86E>I6AA:6H:H6C97DGGDL>C<H;DG6HH:I;>C6C8>C<H6HI=:DBE6CN
8DCI>CJ:HG:9J8>C<I=:KDAJB:D;I=:H:;>C6C8>C<6GG6C<:B:CIH
W 6B>AA>DC9:8G:6H:>C86H=DJI;ADLH;GDB8DBB:G8>6AE6E:GE6NB:CIHC:ID;7DGGDL>C<H6C9
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)"&*#)))+#&*!))+(!$(*'($*)"' )'( 
H6BJAI>C6I>DC6A8DBE6CNL:6G::MEDH:9ID8:GI6>CB6G@:IG>H@HHJ8=6H8=6C<:H>C;DG:><C8JGG:C8N:M8=6C<:G6I:H
6C9>CI:G:HIG6I:H=6C<:H>C;DG:><C8JGG:C8N:M8=6C<:G6I:H86C>BE68IDJG;DG:><C8JGG:C8N9:CDB>C6I:9BDC:I6GN
6HH:IH6C9A>67>A>I>:H6C9;DG:86HI:9IG6CH68I>DCH>C;DG:><C8JGG:C8NL=:G:6H8=6C<:H>C7:C8=B6G@>CI:G:HIG6I:H86C
>BE68I>CI:G:HI:ME:CH:6HHD8>6I:9L>I=DJG;AD6I>C<>CI:G:HIG6I:9:7I6C9I=:;6>GK6AJ:D;DJG;>M:9>CI:G:HIG6I:9:7I
K6G>:IND;EG68I>8:H6G::BEADN:9IDB6C6<:I=:H:G>H@H>C8AJ9>C<DE:G6I>C<6C9;>C6C8>C<68I>K>I>:H6C9I=:JH:D;
9:G>K6I>K:>CHIGJB:CIH0:9DCDIJH:9:G>K6I>K:H;DGIG69>C<DGHE:8JA6I>K:EJGEDH:H
)G:H:CI:97:ADL>H69:H8G>EI>DCD;DJGG>H@HID<:I=:GL>I=6H:CH>I>K>IN6C6ANH>HD;:68=D;I=:H:G>H@H76H:9DCH:A:8I:9
8=6C<:H>CB6G@:IG6I:H-=:;DG:><C8JGG:C8NBD9:A>C8DGEDG6I:HI=:>BE68ID;9>K:GH>;>86I>DC;GDB=DA9>C<BJAI>EA:
8JGG:C8>:H6C9I=:8DGG:A6I>DCD;G:K:CJ:H8DHIH6C96CNG:A6I:9H=DGII:GB8DCIG68I;>C6C8>C<>CI=:H6B:8JGG:C8N"C
DG9:GID9:I:GB>C:I=:>BE68ID;8=6C<:H>C>CI:G:HIG6I:HDCDJG;JIJG:G:HJAIHD;DE:G6I>DCH6C986H=;ADLHL:
86A8JA6I:9I=:>C8G:6H:DG9:8G:6H:>CI=:>C9:MJC9:GAN>C<I=:H:G6I:H0::HI>B6I:I=:;6>GK6AJ:D;DJGADC<I:GB9:7I
EG>B6G>ANJH>C<6C:ME:8I:9EG:H:CIK6AJ:I:8=C>FJ:JH>C<>CI:G:HIG6I:HD;;:G:9IDJH;DG>CHIGJB:CIHL>I=H>B>A6GI:GBH
6C9G:B6>C>C<B6IJG>I>:H-=:H:6C6ANH:HG:;A:8IB6C6<:B:CIHK>:LD;8=6C<:HI=6I6G:G:6HDC67ANEDHH>7A:IDD88JG
DK:G6DC:N:6GE:G>D9
=@375<C@@3<1G'7A9
0:6G::MEDH:9ID7DI=;6KDG67A:6C9JC;6KDG67A:BDK:B:CIH>C;DG:><C8JGG:C8N:M8=6C<:G6I:H"CI=:DG9>C6GN8DJGH:
D;7JH>C:HHL::CI:G>CID8DCIG68IH9:CDB>C6I:9>C;DG:><C8JGG:C8>:HMEDHJG:ID;AJ8IJ6I>DCH>C;DG:><C8JGG:C8N
:M8=6C<:G6I:H6G>H>C<;GDBI=:H:8DCIG68IH>H6C6ANO:99JG>C<I=:8DCIG68I7>99>C<EGD8:HH0:<:C:G6AANB6C6<:I=:H:
8DCIG68IH7N>C8JGG>C<8DHIH>CI=:H6B:8JGG:C8N>CL=>8=G:K:CJ:H6G:G:8:>K:96C96CNG:A6I:9H=DGII:GB8DCIG68I
;>C6C8>C<G:FJ>G:B:CIH6G:B:I7N7DGGDL>C<>CI=:H6B:8JGG:C8N-=JH7N<:C:G6AANB6I8=>C<G:K:CJ:H8DHIH6C9
7DGGDL>C<HIDI=:H6B:8JGG:C8NL:6G:67A:IDB>I><6I:6EDGI>DCD;I=:;DG:><C8JGG:C8NG>H@ID:6GC>C<H!DL:K:G9J:
IDDJG>C8G:6H:9JH:D;D;;H=DG:A67DG8:CI:GHL:=6K:7:8DB:BDG::MEDH:9ID;AJ8IJ6I>DCH>C;DG:><C8JGG:C8N
:M8=6C<:G6I:H0::ME:G>:C8:9H><C>;>86CI;DG:><C8JGG:C8N;AJ8IJ6I>DCH9JG>C<;>H86AN:6G9J:EG>B6G>ANIDI=:
KDA6I>A>IND;I=:JGDG>I>H=)DJC96C9JHIG6A>6CDAA6G>CG:A6I>DCIDI=:.,9DAA6G,><C>;>86CI;DG:><C8JGG:C8N
;AJ8IJ6I>DCH8DCI>CJ:9ID>BE68II=:.,9DAA6G9JG>C<;>H86A9J:EG>B6G>ANIDI=:KDA6I>A>IND;I=:G>I>H=)DJC96C9
DI=:G;DG:><C8JGG:C8>:H>CI=:B:G>86H
0:=6K:EDA>8>:H6C9EGD8:9JG:HIDB6C6<::MEDHJG:ID;AJ8IJ6I>DCH>C;DG:><C8JGG:C8N7NJH>C<H=DGII:GB;DG:><C
8JGG:C8N;DGL6G98DCIG68IHID:8DCDB>86AAN=:9<:8:GI6>C;DG:><C8JGG:C8N9:CDB>C6I:96HH:IH6C9A>67>A>I>:H>C8AJ9>C<
>CI:G8DBE6CN688DJCIH6C9AD6CHDG688DJCI>C<EJGEDH:HI=:H:;DG:><C8JGG:C8N;DGL6G98DCIG68IH6G:CDI9:H><C6I:9
6H=:9<:H6C98=6C<:H>CI=:>G;6>GK6AJ:6G:G:EDGI:9>C8JGG:CIE:G>D9:6GC>C<HL>I=>CDI=:G:ME:CH:>C8DB:C:I>CI=:
HI6I:B:CIHD;DE:G6I>DCH0:6AHDJH:;DG:><C8JGG:C8N;DGL6G98DCIG68IHIDG:9J8:;DG:><C8JGG:C8N:M8=6C<:G6I:G>H@
G:A6I:9ID8:GI6>C"C9>6CGJE::9:CDB>C6I:9>CI:G8DBE6CND7A><6I>DCH6C9;DG:86HI:9IG6CH68I>DCHDG688DJCI>C<
EJGEDH:HI=:H:;DG:><C8JGG:C8N;DGL6G98DCIG68IH6G:9:H><C6I:96H86H=;ADL=:9<:HL>I=8G>I>86AI:GBHI=6IB6I8=I=:
=:9<:9>I:BH-=:G:;DG:I=:8=6C<:H>C;6>GK6AJ:D;I=:H:;DGL6G98DCIG68IH6G:G:8DG9:9>C688JBJA6I:9DI=:G
8DBEG:=:CH>K:ADHHC:ID;I6M:H>CI=:HI6I:B:CIHD;8DBEG:=:CH>K:>C8DB:6C9HJ7H:FJ:CIAN8A6HH>;>:9>CIDC:I>C8DB:
>CI=:E:G>D9I=:=:9<:9IG6CH68I>DCH6G:G:8D<C>O:9>CC:I>C8DB:
0:=6K:;DG:><C8JGG:C8NG>H@HG:A6I:9IDDJGG:K:CJ:6C9DE:G6I>C<:ME:CH:H9:CDB>C6I:9>C8JGG:C8>:HDI=:GI=6C.,
9DAA6GH::'DI:+:K:CJ:JG>C<;>H86A6EEGDM>B6I:AND;DJGG:K:CJ:HL:G:<:C:G6I:9DJIH>9:D;I=:
.C>I:9,I6I:HDGI=:N:6G:C9:9&6G8=6=NEDI=:I>86A>C8G:6H:9:8G:6H:>CI=:K6AJ:D;I=:.,9DAA6G
6<6>CHI6AA8JGG:C8>:HLDJA9=6K:9:8G:6H:9>C8G:6H:9G:K:CJ:H7N6EEGDM>B6I:ANDG7>AA>DC-=:B6?DG>IND;
I=>H;AJ8IJ6I>DCLDJA97:D;;H:I7N:ME:CH:H>C8JGG:9>CAD86A8JGG:C8N-DI=::MI:CII=6IL:L:G:CDI67A:IDB6I8=AD86A
8JGG:C8NG:K:CJ:HL>I=AD86A8JGG:C8N:ME:CH:HI=:G:LDJA97:6C>BE68IIDDJGG:HJAIHD;DE:G6I>DCH6C986H=;ADLH
<B3@3AB'/B3'7A9
HD;&6G8=L:=69DJIHI6C9>C<9:7IL>I=K6GN>C<B6IJG>I>:H;DG6C6<<G:<6I:86GGN>C<6BDJCID;7>AA>DCD;
L=>8=CDC:L6H;AD6I>C<>CI:G:HIG6I:9:7IHD;&6G8=6C6HHJB:9JC;6KDG67A:8=6C<:>C>CI:G:HIG6I:H
LDJA9CDI7:B6I:G>6AIDDJG8DCHDA>96I:9G:HJAIHD;DE:G6I>DCHDG86H=;ADLH8=6C<:>C>CI:G:HIG6I:HG:A6I:9IDDJG
ADC<I:GB9:7ILDJA9CDI=6K:6B6I:G>6A>BE68IDCDJG76A6C8:H=::I6HL:9DCDIG:8DG9DJG9:7I6I;6>GK6AJ:
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<23FB==<A=:72/B327</<17/:(B/B3;3<BA
)6<:
+:EDGID;"C9:E:C9:CI+:<>HI:G:9)J7A>888DJCI>C<>GB)("'D 
DCHDA>96I:96A6C8:,=::IH6HD;&6G8=6C9&6G8= 
DCHDA>96I:9,I6I:B:CIHD;(E:G6I>DCH;DGI=:>H86A2:6GHC9:9&6G8=&6G8=6C9&6G8=
 
DCHDA>96I:9,I6I:B:CIHD;DBEG:=:CH>K:"C8DB:%DHH;DGI=:>H86A2:6GHC9:9&6G8=&6G8=
6C9&6G8= 
DCHDA>96I:9,I6I:B:CIHD;6H=ADLH;DGI=:>H86A2:6GHC9:9&6G8=&6G8=6C9&6G8=
 
DCHDA>96I:9,I6I:B:CIHD;=6C<:H>CFJ>IN;DGI=:>H86A2:6GHC9:9&6G8=&6G8=6C9
&6G8= 
'DI:HIDDCHDA>96I:9>C6C8>6A,I6I:B:CIH
'DI:R,JBB6GND;,><C>;>86CI88DJCI>C<)DA>8>:H 
'DI:R>K:HI>IJG:H 
'DI:R6GC>C<H%DHH):G,=6G: 
'DI:R+:8:>K67A:H 
'DI:R%:6H:H 
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D7A><6I>DCH
R +:86A8JA6I:9I=:IG6CH68I>DCEG>8:6C9I:HI:9I=:6AAD86I>DCD;IG6CH68I>DCEG>8:ID:68=E:G;DGB6C8:
D7A><6I>DC
R K6AJ6I:9I=:E6II:GCD;9:A>K:GN6C9G:K:CJ:G:8D<C>I>DCI>B>C<;DG:68=E:G;DGB6C8:D7A><6I>DC
H:AD>II:-DJ8=:%%)
&8%:6C/>G<>C>6
&6N
0:=6K:H:GK:96HI=:DBE6CNH6J9>IDGH>C8:6IA:6HI=DL:K:G6C:6GA>:GN:6G8DJA9CDI7:G:A>67AN9:I:GB>C:9
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JGG:CI6HH:IH
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+:8:>K67A:H6C98DCIG68I6HH:IHC:ID;6AADL6C8:;DG9DJ7I;JA688DJCIHD;6C9  
)G:E6>9:ME:CH:H  
(I=:G8JGG:CI6HH:IH  
-DI6A8JGG:CI6HH:IH  
"CI6C<>7A:6HH:IHC:ID;688JBJA6I:96BDGI>O6I>DCD;6C9  
(E:G6I>C<A:6H:6HH:IHC:I  
DD9L>AA  
:;:GG:9>C8DB:I6M:HC:I  
)GDE:GIN6C9:FJ>EB:CIC:ID;688JBJA6I:99:EG:8>6I>DCD;6C9  
(I=:G6HH:IH  
HH:IH=:A9;DGH6A:CDC8JGG:CI S 
-DI6AHH:IH    
%""%"-",6C9*."-2
JGG:CIA>67>A>I>:H
,=DGII:GB9:7I6C98JGG:CIB6IJG>I>:HD;ADC<I:GB9:7I   
88DJCIHE6N67A:  
88GJ:9E6NGDAA6C9G:A6I:98DHIH  
(E:G6I>C<A:6H:A>67>A>I>:H  
88GJ:9:ME:CH:H6C9DI=:G8JGG:CIA>67>A>I>:H  
:;:GG:9G:K:CJ:6C969K6C8:8DCIG68IE6NB:CIH  
"C8DB:I6M:HE6N67A:  
-DI6A8JGG:CIA>67>A>I>:H  
%DC<I:GB9:7IC:ID;8JGG:CIB6IJG>I>:H  
'DC8JGG:CI9:;:GG:9G:K:CJ:  
'DC8JGG:CI>C8DB:I6MA>67>A>I>:H6C99:;:GG:9>C8DB:I6M:H  
'DC8JGG:CIDE:G6I>C<A:6H:A>67>A>I>:H  
'DC8JGG:CIE:CH>DCD7A><6I>DCH  
(I=:GADC<I:GBA>67>A>I>:H  
-DI6A%>67>A>I>:H  
DBB>IB:CIH6C98DCI>C<:C8>:H
1HID8@=DA9:GHT:FJ>IN
)G:;:GG:9HID8@E6GK6AJ:E:GH=6G:6JI=DG>O:9H=6G:HCDC:>HHJ:96H
D;&6G8=6C9&6G8= S S
DBBDCHID8@E6GK6AJ:E:GH=6G:6JI=DG>O:9H=6G:H>HHJ:9
6HD;&6G8=6C96HD;&6G8=  
99>I>DC6AE6>9>C86E>I6A  
88JBJA6I:99:;>8>I  
88JBJA6I:9DI=:G8DBEG:=:CH>K:ADHH  
-G:6HJGNHID8@6I8DHI6C9H=6G:H6HD;&6G8=6C9
&6G8=  
-DI6A1HID8@=DA9:GHT:FJ>IN  
'DC8DCIGDAA>C<>CI:G:HI>CHJ7H>9>6G>:H  
-DI6AFJ>IN  
-DI6A%>67>A>I>:H6C9FJ>IN    
-=:688DBE6CN>C<CDI:H6G:6C>CI:<G6AE6GID;I=:H:8DCHDA>96I:9;>C6C8>6AHI6I:B:CIH
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"/@16
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DHIHD;H:GK>8:H:M8AJ9:H9:EG:8>6I>DC6C96BDGI>O6I>DC6C9G:HIGJ8IJG>C<8DHIH   
,:AA>C<<:C:G6A6C969B>C>HIG6I>K::M8AJ9:H9:EG:8>6I>DC6C96BDGI>O6I>DC6C9
G:HIGJ8IJG>C<8DHIH   
:EG:8>6I>DC6C96BDGI>O6I>DC   
+:HIGJ8IJG>C<8DHIH   
"CI:G:HI:ME:CH:   
"CI:G:HI>C8DB:   
6>CDC9>HEDH>I>DCD;7JH>C:HH:H   
(I=:G>C8DB::ME:CH:C:I   
-DI6A8DHIH6C9:ME:CH:H   
"C8DB:ADHH7:;DG:>C8DB:I6M:H   
"C8DB:I6M:ME:CH:7:C:;>I   
':I>C8DB:ADHH   
%:HHC:I>C8DB:ADHH6IIG>7JI67A:IDCDC8DCIGDAA>C<>CI:G:HIC:ID;I6M   
':I>C8DB:ADHH6IIG>7JI67A:ID18DBBDCHID8@=DA9:GH      
"C8DB:ADHHE:G8DBBDCH=6G:
6H>8      
>AJI:9      
-=:688DBE6CN>C<CDI:H6G:6C>CI:<G6AE6GID;I=:H:8DCHDA>96I:9;>C6C8>6AHI6I:B:CIH
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>CB>AA>DCH "/@16 "/@16 "/@16
':I>C8DB:ADHH      
(I=:G8DBEG:=:CH>K:ADHH>C8DB:C:ID;I6M:H
DG:><C8JGG:C8NIG6CHA6I>DC69?JHIB:CIHC:ID;I6M   
6H=;ADL=:9<:H69?JHIB:CIHC:ID;I6M   
):CH>DC6C9DI=:GEDHIG:I>G:B:CI7:C:;>IEA6CHC:ID;I6M
)G>DGH:GK>8:8DHIC:ID;I6M   
BDGI>O6I>DCD;EG>DGH:GK>8:8DHIC:ID;I6M   
):CH>DC6C9DI=:GEDHIG:I>G:B:CI7:C:;>IEA6CHC:ID;I6M   
(I=:G8DBEG:=:CH>K:ADHH>C8DB:C:ID;I6M:H   
DBEG:=:CH>K:>C8DB:ADHH   
%:HH8DBEG:=:CH>K:>C8DB:ADHH6IIG>7JI67A:IDCDC8DCIGDAA>C<>CI:G:HI   S
DBEG:=:CH>K:>C8DB:ADHH6IIG>7JI67A:ID18DBBDCHID8@=DA9:GH      

+0G14=458C4G?4=B4A4;0C43C>5>A486=2DAA4=2HCA0=B;0C8>=039DBC<4=CBF0B 0=35>AC7458B20;H40AB4=343%0A27
%0A270=3%0A27A4B?42C8E4;H
+0G14=458C4G?4=B4A4;0C43C>20B75;>F74364039DBC<4=CBF0B0=35>AC7458B20;H40AB4=343%0A27%0A27
0=3%0A27A4B?42C8E4;H
+0G14=458CA4;0C43C>?A8>AB4AE8242>BCBF0B0=35>AC7458B20;H40AB4=343%0A27%0A270=3%0A27
A4B?42C8E4;H
+0G14=458CA4;0C43C>0<>AC8I0C8>=>5?A8>AB4AE8242>BCBF0B0=35>AC7458B20;H40AB4=343%0A27%0A270=3
%0A27A4B?42C8E4;H
-=:688DBE6CN>C<CDI:H6G:6C>CI:<G6AE6GID;I=:H:8DCHDA>96I:9;>C6C8>6AHI6I:B:CIH
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7A1/:.3/@A<232
>CB>AA>DCH "/@16 "/@16 "/@16
6H=;ADLH;GDBDE:G6I>C<68I>K>I>:H
':I>C8DB:ADHH      
28CAB;3<BAB=@31=<17:3<3B7<1=;3:=AAB=<3B1/A6>@=D7232
0G=>3@/B7<5/1B7D7B73A
:EG:8>6I>DC6C96BDGI>O6I>DC   
(E:G6I>C<G><=ID;JH::ME:CH:   
):CH>DCDI=:GEDHI:BEADNB:CI7:C:;>IH68IJ6G>6AH:IIA:B:CI
<6>CHADHH:H   
,=6G:76H:98DBE:CH6I>DC   
:;:GG:9I6M:H   
%DHH<6>CDC9>HEDH>I>DCH   
)GDK>H>DC;DGADHH:HDC688DJCIHG:8:>K67A:  S 
.CG:6A>O:9;DG:><C8JGG:C8N:M8=6C<:ADHH:H<6>CH   
"BE6>GB:CIADHH:H6C98DCIG68ILG>I:D;;H   
BDGI>O6I>DCD;9:7I>HHJ6C8:8DHIH6C99>H8DJCI   
6H=HJGG:C9:GK6AJ:>C:M8:HHD;EG:B>JBHE6>9   
(I=:GCDC86H=8=6G<:HC:I   
=6C<:H>C6HH:IH6C9A>67>A>I>:HC:ID;:;;:8IHD;68FJ>H>I>DCH6C9
9>HEDH>I>DCH
:8G:6H:>CG:8:>K67A:H   
"C8G:6H::8G:6H:>CEG:E6>9:ME:CH:H6C9DI=:G8JGG:CI6HH:IH   
:8G:6H:>C688DJCIHE6N67A:6C9688GJ6AH   
:8G:6H:"C8G:6H:>C>C8DB:I6M:HE6N67A:6C9>C8DB:I6M
A>67>A>IN   
:8G:6H:>CDE:G6I>C<A:6H:A>67>A>IN   
:8G:6H:"C8G:6H:>C69K6C8:8DCIG68IE6NB:CIH6C99:;:GG:9
G:K:CJ:   
(I=:GDE:G6I>C<68I>K>I>:HC:I S  
#3B1/A6>@=D72320G=>3@/B7<5/1B7D7B73A   
6H=;ADLH;GDB>CK:HI>C<68I>K>I>:H
)JG8=6H:HD;EGDE:GIN6C9:FJ>EB:CI   
)6NB:CIH;DGIG6CH>I>DC6C9IG6CH;DGB6I>DC8DCIG68I8DHIH   
,D;IL6G:EJG8=6H:96C99:K:ADE:9   
JH>C:HH9>HEDH>I>DCH   
)GD8::9H;GDBH6A:D;6HH:IH   
(I=:G>CK:HI>C<68I>K>I>:HC:I   
#3B1/A6CA327<7<D3AB7<5/1B7D7B73A   
/A64:=EA4@=;47</<17<5/1B7D7B73A
DGGDL>C<HD;8DBB:G8>6AE6E:G   
+:E6NB:CIHD;8DBB:G8>6AE6E:G   
)G>C8>E6AE6NB:CIHDCADC<I:GB9:7I S S 
)6NB:CIHDC;>C6C8:A:6H:H6C97DGGDL>C<H;DG6HH:I;>C6C8>C<   
)GD8::9H;GDBHID8@DEI>DCH6C9DI=:G8DBBDCHID8@IG6CH68I>DCH S S 
-6M:HE6>9G:A6I:9IDC:IH=6G:H:IIA:B:CIHD;H=6G:76H:9
8DBE:CH6I>DC6L6G9H   
+:EJG8=6H:D;8DBBDCHID8@   
(I=:G;>C6C8>C<68I>K>I>:HC:I   
#3B1/A6CA327<47</<17<5/1B7D7B73A   
;;:8ID;:M8=6C<:G6I:8=6C<:HDC86H=6C986H=:FJ>K6A:CIH   
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':I>C8G:6H:9:8G:6H:>C86H=6C986H=:FJ>K6A:CIH>C8AJ9>C<86H=
8A6HH>;>:9L>I=>C8JGG:CI6HH:IH=:A9;DGH6A:   
6H=8A6HH>;>:9L>I=>C8JGG:CI6HH:IH=:A9;DGH6A: S S 
':I>C8G:6H:9:8G:6H:>C86H=6C986H=:FJ>K6A:CIH   
/A6/<21/A63?C7D/:3<BA/B0357<<7<5=4G3/@   
/A6/<21/A63?C7D/:3<BA/B3<2=4G3/@      
-=:688DBE6CN>C<CDI:H6G:6C>CI:<G6AE6GID;I=:H:8DCHDA>96I:9;>C6C8>6AHI6I:B:CIH
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>CB>AA>DCH:M8:EIH=6G:H>CI=DJH6C9H
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?C7BG(6/@3A ;=C<B
6A6C8:6I&6G8=                
':IADHH    
(I=:G8DBEG:=:CH>K:ADHH    
,=6G:76H:98DBE:CH6I>DC:ME:CH:   
8FJ>H>I>DCD;IG:6HJGNHID8@   
,=6G:G:EJG8=6H:EGD<G6B      
,ID8@DEI>DC:M:G8>H:H6C9DI=:G8DBBDCHID8@IG6CH68I>DCH    
'DC8DCIGDAA>C<>CI:G:HI9>HIG>7JI>DCH6C9DI=:G   S S
6A6C8:6I&6G8=                 
 CA40BDAHB70A4B0B>5%0A27
>CB>AA>DCH:M8:EIH=6G:H>CI=DJH6C9H
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6IGJHI:9E6GIC:GIDB6CND;I=:LDGA9THBDHI>CCDK6I>K:DG<6C>O6I>DCH7J>A9>C<HDAJI>DCHI=6IBDK:>C9JHIG>:H6C9
8DBE6C>:H;DGL6G9(JG:C<>C::G>C<8DCHJAI>C<6C9I:8=CDAD<N:ME:GIH=:AE8A>:CIHH>BEA>;NDEI>B>O:6C9BD9:GC>O:
I=:>GHNHI:BH6C9EGD8:HH:HB6C6<:I=:>GBDHI8G>I>86ALDG@AD69H>CI:<G6I:"EDL:G:9>CI:AA><:C8:>CIDI=:>GDE:G6I>DCH
6C9EJIH:8JG>IN6C9IGJHI6II=:;DG:;GDCI-=GDJ<=>CCDK6I>K:HDAJI>DCHL:=:AE8A>:CIHID68=>:K:8DBE:I>I>K:69K6CI6<:H
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U;>C6C8>6AHI6I:B:CIHV>>I=:DCHDA>96I:9,I6I:B:CIHD;(E:G6I>DCH6HI=:UHI6I:B:CIHD;DE:G6I>DCHV>>>I=:
DCHDA>96I:9,I6I:B:CIHD;DBEG:=:CH>K:"C8DB:%DHH6HI=:HI6I:B:CIHD;8DBEG:=:CH>K:>C8DB:ADHH>KI=:
DCHDA>96I:96A6C8:,=::IH6HI=:U76A6C8:H=::IHV6C9KI=:DCHDA>96I:9,I6I:B:CIHD;6H=ADLH6HI=:
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,:8JG>I>:H6C9M8=6C<:DBB>HH>DC;DG6CCJ6AG:EDGIH6C9688DJCI>C<EG>C8>EA:H<:C:G6AAN688:EI:9>CI=:.C>I:9
,I6I:H )-=:;>C6C8>6AHI6I:B:CIH>C8AJ9:I=:688DJCIHD;1>IH8DCHDA>96I:9HJ7H>9>6G>:H6C9I=DH:7JH>C:HH
:CI>I>:H>CL=>8=1B6>CI6>CH68DCIGDAA>C<>CI:G:HI"CK:HIB:CIH>C7JH>C:HH:CI>I>:H>CL=>8=I=:DBE6CN9D:HCDI
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I=::FJ>INB:I=D9(I=:G>CK:HIB:CIH6G:688DJCI:9;DG7NI=:8DHIB:I=D9'DC8DCIGDAA>C<>CI:G:HIH6G:EG:H:CI:96H6
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EG:H:CI:9H:E6G6I:AN>CI=:HI6I:B:CIHD;DE:G6I>DCH6C98DBEG:=:CH>K:>C8DB:ADHH6IIG>7JI67A:IDCDC8DCIGDAA>C<
>CI:G:HIH6G:EG:H:CI:9H:E6G6I:AN>CI=:HI6I:B:CIHD;8DBEG:=:CH>K:>C8DB:ADHHAA>CI:G8DBE6CNIG6CH68I>DCH6C9
76A6C8:H=6K:7::C:A>B>C6I:9
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9>H8ADHJG:D;8DCI>C<:CI6HH:IH6C9A>67>A>I>:H-=:DBE6CN76H:H>IH:HI>B6I:HDC6HHJBEI>DCHG:<6G9>C<=>HIDG>86A
:ME:G>:C8:8JGG:CIAN6K6>A67A:>C;DGB6I>DC6C96CI>8>E6I:99:K:ADEB:CIHI=6I>I7:A>:K:H6G:G:6HDC67A:6C96EEGDEG>6I:
!DL:K:G7:86JH:I=:JH:D;:HI>B6I:H>CKDAK:H6C>C=:G:CI9:<G::D;JC8:GI6>CIN68IJ6AG:HJAIH8DJA99>;;:G;GDBI=DH:
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E:G>D9D;I>B:>C:M8=6C<:;DG8DCH>9:G6I>DCB7:99:9A:6H:HL>I=8JHIDB:GH6G:INE>86AANG:8D<C>O:9:>I=:G6HH6A:H
INE:A:6H:H>CL=>8=G:K:CJ:6C98DHID;H6A:H>HG:8D<C>O:9JEDCA:6H:8DBB:C8:B:CIDGI=:NB6N7:G:8D<C>O:96H
DE:G6I>C<A:6H:H>CL=>8=G:K:CJ:>HG:8D<C>O:9DK:GI=:JH6<:E:G>D90=:G:68DCIG68I8DCI6>CH6C:B7:99:9A:6H:
I=:8DCIG68ITHIG6CH68I>DCEG>8:>H6AAD86I:9IDI=:8DCIG68IE:G;DGB6C8:D7A><6I>DCH6C9I=:A:6H:8DBEDC:CI76H:9JEDC
I=:G:A6I>K:HI6C96ADC:H:AA>C<EG>8:
-=:IG6CH68I>DCEG>8:D;68DCIG68I>H9:I:GB>C:976H:9DC;>M:96C9K6G>67A:8DCH>9:G6I>DC/6G>67A:8DCH>9:G6I>DCG:A6I:9
IDI=:DBE6CNTH"-(D;;:G>C<HD;I:C>C8AJ9:HKDAJB:76H:9EG>8>C<I=6I>H6AAD86I:9IDI=:9>HI>C8I96NHD;I=:H:GK>8:HID
L=>8=I=:K6G>67A:8DCH>9:G6I>DCE:GI6>CH!DL:K:G>C8:GI6>C86H:H:HI>B6I:HD;K6G>67A:8DCH>9:G6I>DC>C8AJ9>C<
E:C6AI>:H8DCI>C<:CIB>A:HIDC:E6NB:CIH6C9G:76I:H6G:C:8:HH6GN-=:DBE6CNDCAN>C8AJ9:H:HI>B6I:HD;K6G>67A:
8DCH>9:G6I>DC>CI=:IG6CH68I>DCEG>8:IDI=::MI:CI>I>HEGD767A:I=6I6H><C>;>86CIG:K:GH6AD;8JBJA6I>K:G:K:CJ:
G:8D<C>O:9L>AACDID88JG-=:H:?J9<B:CIH>CKDAK:8DCH>9:G6I>DCD;=>HIDG>86A6C9:ME:8I:9:ME:G>:C8:L>I=I=:8JHIDB:G
6C9DI=:GH>B>A6G8JHIDB:GH6C9I=:;68IH6C98>G8JBHI6C8:HHE:8>;>8IDI=:6GG6C<:B:CI
DCIG68IHL>I=DJG8JHIDB:GHB6N7:BD9>;>:9DK:GI=:8DJGH:D;I=:8DCIG68II:GB6C9L:B6N8=6C<:I=:H8DE:EG>8:
DG7DI=D;I=::M>HI>C<8DCIG68IHDCIG68IBD9>;>86I>DCH6G:G:K>:L:9ID9:I:GB>C:L=:I=:GI=:NH=DJA97:688DJCI:9;DG
6HE6GID;I=:DG><>C6A8DCIG68II=:I:GB>C6I>DCD;6C:M>HI>C<8DCIG68I6C9I=:8G:6I>DCD;6C:L8DCIG68IDG6H6H:E6G6I:
8DCIG68IDCIG68IBD9>;>86I>DCH6G:6H:E6G6I:8DCIG68IL=:CI=:BD9>;>86I>DCEGDK>9:H699>I>DC6A<DD9H6C9H:GK>8:HI=6I
6G:9>HI>C8I6C9I=:IG6CH68I>DCEG>8:>H6II=:HI6C96ADC:H:AA>C<EG>8:";I=:8DCIG68IBD9>;>86I>DC>HE6GID;I=::M>HI>C<
8DCIG68I68JBJA6I>K:69?JHIB:CIIDG:K:CJ:>HG:8DG9:9";I=:8DCIG68IBD9>;>86I>DCG:EG:H:CIHI=:I:GB>C6I>DCD;I=:
:M>HI>C<8DCIG68I6C9I=:8G:6I>DCD;6C:L8DCIG68II=:BD9>;>:9IG6CH68I>DCEG>8:>H6AAD86I:9IDI=:EGDHE:8I>K:
E:G;DGB6C8:D7A><6I>DCH6C96CN:B7:99:9A:6H:8DBEDC:CIH";68DCIG68IBD9>;>86I>DCBD9>;>:H6C:B7:99:9A:6H:
8DBEDC:CI6C9I=:BD9>;>86I>DC>HCDI688DJCI:9;DG6H6H:E6G6I:8DCIG68II=:8A6HH>;>86I>DCD;I=:A:6H:>HG:6HH:HH:9
-=:DBE6CN<:C:G6AANEGDK>9:H>IHH:GK>8:HJC9:GI>B:6C9B6I:G>6AH8DCIG68IHJC>IEG>8:8DCIG68IH;>M:9EG>8:
8DCIG68IH6C9HD;IL6G:8DCIG68IH;DGL=>8=G:K:CJ:>HG:8D<C>O:9>CI=:;DAADL>C<B6CC:G
+8<40=3<0C4A80;B2>=CA02CB+:K:CJ:>HG:8D<C>O:9DK:GI>B:6I6<G::9JEDC7>AA>C<G6I:HL=:CH:GK>8:H6G:EGDK>9:9
,=8C?A8242>=CA02CB+:K:CJ:>HG:8D<C>O:9DK:GI>B:76H:9DCJC>IB:IG>8HBJAI>EA>:97NI=:6<G::9JEDC8DCIG68IJC>I
EG>8:DGL=:CH:GK>8:H6G:9:A>K:G:9
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8G43?A8242>=CA02CBDG8:GI6>C;>M:9EG>8:8DCIG68IHG:K:CJ:>HG:8D<C>O:9DK:GI>B:JH>C<6B:I=D9I=6IB:6HJG:HI=:
:MI:CID;EGD<G:HHIDL6G9H8DBEA:I>DCD;6E:G;DGB6C8:D7A><6I>DC<:C:G6AANJH>C<68DHI>CEJIB:I=D9G:;:GG:9ID6HI=:
E:G8:CI6<:D;8DBEA:I>DC8DHIID8DHIB:I=D9.C9:GI=:E:G8:CI6<:D;8DBEA:I>DC8DHIID8DHIB:I=D9G:K:CJ:>H
G:8D<C>O:976H:9DCI=:EGDEDGI>DCD;IDI6A8DHI>C8JGG:9ID:HI>B6I:9IDI6A8DHIH6I8DBEA:I>DCE:G;DGB6C8:D7A><6I>DCH
:HI>B6I:6I8DBEA:I>DC>C8AJ9:H6AA9>G:8I8DHIHHJ8=6HB6I:G>6AH6C9A67DG)GD;>I>C6<>K:CE:G>D9>HG:EDGI:96II=:
:HI>B6I:9EGD;>IB6G<>CID7:68=>:K:9DCI=:DK:G6AA8DCIG68I";:HI>B6I:9IDI6A8DHIH6I8DBEA:I>DC:M8::9:HI>B6I:9
G:K:CJ:;DG68DCIG68IJC9:GI=:E:G8:CI6<:D;8DBEA:I>DC8DHIID8DHIB:I=D9I=:ADHH>HG:8D<C>O:9>CI=:FJ6GI:G>I;>GHI
7:8DB:HEGD767A:6C9G:6HDC67AN:HI>B67A:";DJIEJIDG>CEJIB:6HJG:H6G:CDI6K6>A67A:DG86CCDI7:G:6HDC67AN
:HI>B6I:9G:K:CJ:>H9:;:GG:9JCI>AEGD<G:HH86C7:B:6HJG:96C98DHIH6G:CDI9:;:GG:9JCA:HHI=:NB::II=:8G>I:G>6;DG
86E>I6A>O6I>DC
*>5CF0A42>=CA02CB:GI6>CD;1H6GG6C<:B:CIH>CKDAK:I=:H6A:D;1EGDEG>:I6GNHD;IL6G:EDHI8DCIG68I8JHIDB:G
HJEEDGI6C9DI=:GHD;IL6G:G:A6I:9H:GK>8:H-=:HI6C96ADC:H:AA>C<EG>8:<:C:G6AAN>H9:I:GB>C:9;DG:68=E:G;DGB6C8:
D7A><6I>DCJH>C<6C69?JHI:9B6G@:I6HH:HHB:CI6EEGD68=76H:9DCI=:EG>8:8=6G<:9L=:G::68=9:A>K:G67A:>HHDA9
H:E6G6I:AN"C8:GI6>CA>B>I:986H:HINE>86AAN;DGHD;IL6G:A>8:CH:HL=:CI=:=>HIDG>86AH:AA>C<EG>8:>H=><=ANK6G>67A:I=:
G:H>9J6A6EEGD68=>HJH:9-=>H6EEGD68=6AAD86I:HG:K:CJ:IDI=:E:G;DGB6C8:D7A><6I>DC:FJ6AIDI=:9>;;:G:C8:7:IL::C
I=:IDI6AIG6CH68I>DCEG>8:6C9I=:D7H:GK67A:HI6C96ADC:H:AA>C<EG>8:H;DGI=:DI=:GE:G;DGB6C8:D7A><6I>DCH+:K:CJ:
;GDB9>HI>C8IHD;IL6G:A>8:CH:H>HG:8D<C>O:96I6ED>CI>CI>B:L=:CI=:8JHIDB:G86C;>GHIJH:I=:HD;IL6G:A>8:CH:";
H><C>;>86CI8JHIDB>O6I>DC>HG:FJ>G:9HD;IL6G:G:K:CJ:>HG:8D<C>O:96HI=:G:A6I:9HD;IL6G:8JHIDB>O6I>DCH:GK>8:H6G:
E:G;DGB:9>C688DG96C8:L>I=I=:E:G8:CI6<:D;8DBEA:I>DC8DHIID8DHIB:I=D99:H8G>7:967DK:+:K:CJ:;DGEDHI
8DCIG68I8JHIDB:GHJEEDGI6C9DI=:GHD;IL6G:H:GK>8:H>HG:8D<C>O:9DK:GI>B:6HI=DH:H:GK>8:H6G:EGDK>9:9
(A02C820;G?4384=CB
19D:HCDI69?JHII=:EGDB>H:96BDJCID;8DCH>9:G6I>DC;DGI=::;;:8IHD;6H><C>;>86CI;>C6C8>C<8DBEDC:CIL=:CI=:
E:G>D97:IL::CL=:C1IG6CH;:GH6EGDB>H:9<DD9DGH:GK>8:ID68JHIDB:G6C9L=:CI=:8JHIDB:GE6NH;DGI=6I<DD9
DGH:GK>8:L>AA7:DC:N:6GDGA:HH
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-=:I>B>C<D;G:K:CJ:G:8D<C>I>DC7>AA>C<H6C986H=8DAA:8I>DCHG:HJAIH>C688DJCIHG:8:>K67A:7>AA:9G:8:>K67A:HJC7>AA:9
G:8:>K67A:H6C98DCIG68I6HH:IH6C99:;:GG:9G:K:CJ:6C969K6C8:8DCIG68IE6NB:CIH8DCIG68IA>67>A>I>:HDCI=:
DBE6CNH76A6C8:H=::IH"C6GG6C<:B:CIHI=6I8DCI6>C6C:A:B:CID;8JHIDB>O:9HD;IL6G:HDAJI>DCH6BDJCIH6G:
<:C:G6AAN7>AA:96HLDG@EGD<G:HH:H>C688DG96C8:L>I=6<G::9JEDC8DCIG68IJ6AI:GBH:>I=:G6IE:G>D9>8>CI:GK6AH:<
BDCI=ANDGJEDC68=>:K:B:CID;8:GI6>C8DCIG68IJ6AB>A:HIDC:H :C:G6AAN7>AA>C<D88JGHHJ7H:FJ:CIIDG:K:CJ:
G:8D<C>I>DCHDB:I>B:HG:HJAI>C<>C8DCIG68I6HH:IH>;I=:G:A6I:97>AA>C<>H8DC9>I>DC6AJEDCBDG:I=6C?JHII=:E6HH6<:D;
I>B:!DL:K:GI=:DBE6CNHDB:I>B:HG:8:>K:H69K6C8:HDG9:EDH>IH;GDB8JHIDB:GH7:;DG:G:K:CJ:>HG:8D<C>O:9
L=>8=G:HJAIH>CI=:<:C:G6I>DCD;8DCIG68IA>67>A>I>:H)6NB:CII:GBHK6GN7NINE:D;EGD9J8IDGH:GK>8:7:>C<EGDK>9:96H
L:AA6H7N8JHIDB:G6AI=DJ<=I=:I:GB7:IL::C>CKD>8>C<6C9L=:CE6NB:CI>H9J:>H<:C:G6AAN6C>CH><C>;>86CIE:G>D9D;
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FJ6A>I6I>K:>C;DGB6I>DC67DJI8DHIHI=6I6G:CDI
9>H6<<G:<6I:96GAN69DEI>DCD;I=>HJE96I:>H
E:GB>II:9
-=:DBE6CN>H>CI=:EGD8:HHD;6HH:HH>C<I=:>BE68IH
6C9B:I=D9D;69DEI>DC-=>H,.L>AA>BE68II=:
DBE6CNTH;>C6C8>6AHI6I:B:CI9>H8ADHJG:H7JICDI>IH
8DCHDA>96I:9;>C6C8>6AHI6I:B:CIH
(I=:GG:8:CIAN>HHJ:9,.HI=6I=6K:CDIN:I7::C69DEI:96G:CDI:ME:8I:9ID=6K:6B6I:G>6A:;;:8IDC1H
8DCHDA>96I:9;>C6C8>6AHI6I:B:CIH
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1;+)41>-;<1<=:-;
JG>C<;>H86AI=:DBE6CNHDA9>CH><C>;>86CI7JH>C:HH:HI=6IG:HJAI:9>C6<6>CD;B>AA>DC
1;+)41>-;<1<=:-;
JG>C<;>H86AI=:DBE6CNHDA9>CH><C>;>86CI7JH>C:HH:H6C9B69:69?JHIB:CIHID:HI>B6I:96BDJCIH;GDBEG>DG
N:6GHT9>HEDH>I>DCHI=6IG:HJAI:9>C6<6>CD;B>AA>DC
1;+)41>-;<1<=:-;
JG>C<;>H86A18DBEA:I:9I=:H6A:D;>IH :GB6C;>C6C8>6AH:GK>8:HHJ7H>9>6GNDGI=:JH>C:HHID
I=:'3 GDJE'3;DGXB>AA>DC6EEGDM>B6I:ANB>AA>DCG:HJAI>C<>C6EG:I6M<6>CD;6EEGDM>B6I:AN
B>AA>DC"C8AJ9:9>CI=:H6A:L6H16C@ :GB6CN6 :GB6CG:I6>A76C@I=6I168FJ>G:9;DGIDI6A8DCH>9:G6I>DC
D;B>AA>DCDC#6CJ6GN
JG>C<;>H86AI=:DBE6CNHDA9>CH><C>;>86CI7JH>C:HH:HI=6IG:HJAI:9>C6C:IADHHD;B>AA>DC"C8AJ9:9>CI=>H
6BDJCIL6HI=:DBE6CNHEG>B6GN+JHH>6C:CI>INI=6II=:DBE6CNHDA9>CI=:H:8DC9FJ6GI:GD;;>H86A
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#=B3/@<7<5A!=AA%3@(6/@3
6H>8),6G:8DBEJI:9JH>C<I=:L:><=I:96K:G6<:CJB7:GD;H=6G:HD;8DBBDCHID8@DJIHI6C9>C<9JG>C<I=:E:G>D9
>AJI:9),G:;A:8II=:>C8G:B:CI6AH=6G:H>HHJ67A:JEDCI=:6HHJB:9:M:G8>H:D;HID8@DEI>DCH6C9:FJ>IN6L6G9H-=:
;DAADL>C<I67A:G:;A:8IHI=:86A8JA6I>DCD;76H>86C99>AJI:9),
7A1/:.3/@A<232
>CB>AA>DCH:M8:EIE:GH=6G:6BDJCIH "/@16 "/@16 "/@16
#3B7<1=;3:=AA/BB@70CB/0:3B=-1=;;=<A6/@36=:23@A      
=;;=<A6/@37<4=@;/B7=<
0:><=I:96K:G6<:8DBBDCH=6G:HDJIHI6C9>C<;DG76H>8),   
>AJI>K::;;:8ID;HID8@DEI>DCH6C9:FJ>IN6L6G9H   S
0:><=I:96K:G6<:8DBBDCH=6G:HDJIHI6C9>C<;DG9>AJI:9),   
/@<7<5A:=AA>3@A6/@3
6H>8      
>AJI:9      
:GI6>CH=6G:76H:9:FJ>IN6L6G9HL:G::M8AJ9:9;GDBI=:8DBEJI6I>DCD;9>AJI>K:),7:86JH:>C8AJH>DCD;I=:H:
6L6G9HLDJA9=6K:=696C6CI>9>AJI>K::;;:8I-=:;DAADL>C<I67A:G:;A:8IH6L6G9H:M8AJ9:9
7A1/:.3/@A<232
"/@16 "/@16 "/@16
,ID8@(EI>DCH   
+,.H   
),.H   
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+:8:>K67A:HC:ID;6AADL6C8:;DG9DJ7I;JA688DJCIH8DCH>HID;I=:;DAADL>C<
A=4
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.C7>AA:9G:8:>K67A:H  
(I=:GG:8:>K67A:H  
-DI6 A    
-=:DBE6CN86A8JA6I:H:ME:8I:98G:9>IADHH:H;DGIG69:688DJCIHG:8:>K67A:76H:9DC=>HIDG>86A8G:9>IADHHG6I:H;DG
:68=6<>C<86I:<DGN6H69?JHI:9;DGI=:8JGG:CIB6G@:I8DC9>I>DCH6C9;DG:86HIH67DJI;JIJG::8DCDB>88DC9>I>DCH-=:
;DAADL>C<I67A:EG:H:CIHI=:8=6C<:>C76A6C8:;DGI=:6AADL6C8:;DG9DJ7I;JA688DJCIH
A=4/<24=@7A1/:.3/@A<232
>CB>AA>DCH "/@16 "/@16
:<>CC>C<76A6C8:    
)GDK>H>DCH;DGADHH:HDC688DJCIHG:8:>K67A:  S
(I=:G69?JHIB:CIHID6AADL6C8:6C9LG>I:D;;H  
C9>C<76A6C8:    
"-+-1>)*4-;)+141<A
-=:DBE6CN=6H6C688DJCIHG:8:>K67A:H6A:H;68>A>IN6H6B:C9:9G:HI6I:9HJEEA:B:CI:9DGDI=:GL>H:BD9>;>:96HD;
&6G8=I=:+:8:>K67A:H68>A>INL>I=8:GI6>CJC6;;>A>6I:9;>C6C8>6A>CHI>IJI>DCHI=:)JG8=6H:GH;DGI=:H6A:D;
8DBB:G8>6A688DJCIHG:8:>K67A:>CI=:.C>I:9,I6I:H-=:+:8:>K67A:H68>A>IN=6H6;68>A>INA>B>ID;B>AA>DC6HD;
&6G8=-=:+:8:>K67A:H68>A>INHI:GB>C6I>DC96I:>H#JAN
HD;&6G8=I=:IDI6A6K6>A67>A>INJC9:GI=:+:8:>K67A:H68>A>INL6HB>AA>DC6C9I=:6BDJCIHDA9IDI=:
)JG8=6H:GHL6HB>AA>DCL=>8=L6H9:G:8D<C>O:9;GDBI=:DBE6CNH76A6C8:H=::I
-=:;6>GK6AJ:D;I=:HDA9G:8:>K67A:H6EEGDM>B6I:9I=:>G7DD@K6AJ:9J:IDI=:>GH=DGII:GBC6IJG:G:HJAI>C<>CCD<6>CDG
ADHHG:8DG9:9DCI=:H6A:D;G:8:>K67A:H
#=B3!3/A3A
-=: DBE6CN =6H DE:G6I>C< 6C9 ;>C6C8: A:6H:H ;DG 96I6 8:CI:GH 8DGEDG6I: D;;>8:H 6C9 8:GI6>C :FJ>EB:CI (JG A:6H:H
=6K:G:B6>C>C<A:6H:I:GBHD;DC:IDN:6GHHDB:D;L=>8=>C8AJ9:DEI>DCHID:MI:C9I=:A:6H:H;DGJEIDN:6GH6C9
HDB:D;L=>8=>C8AJ9:DEI>DCHIDI:GB>C6I:I=:A:6H:HL>I=>CDC:IDI=G::N:6GH
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=@B637A1/:.3/@<232
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(E:G6I>C<A:6H:8DHI      
,=DGII:GBA:6H:8DHI   
/6G>67A:A:6H:8DHI   
,J7A:6H:>C8DB:   
-DI6ADE:G6I>C<8DHIH      
6H=E6NB:CIHB69:;DGK6G>67A:A:6H:8DHIH6C9H=DGII:GBA:6H:H6G:CDI>C8AJ9:9>CI=:B:6HJG:B:CID;DE:G6I>C<
A:6H:A>67>A>I>:H6C96HHJ8=6G::M8AJ9:9;GDBI=:HJEEA:B:CI6A86H=;ADL>C;DGB6I>DCHI6I:97:ADL
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6H=E6>9;DG6BDJCIH>C8AJ9:9>CI=:B:6HJG:B:CID;DE:G6I>C<A:6H:
A>67>A>I>:HRDE:G6I>C<86H=;ADLH      
+(.6HH:IHD7I6>C:9>C:M8=6C<:;DGDE:G6I>C<A:6H:A>67>A>I>:H      
+74A4F4A4<8;;8>=<8;;8>=0=3<8;;8>=8=<>385820C8>=B0=3C4A<8=0C8>=B8=58B20;0=3A4B?42C8E4;H*44&>C4
J0B7;>FBN5>A5DAC74A8=5>A<0C8>=>==>=20B702C8E8C84B05542C8=620B75;>FB
-=:;DAADL>C<I67A:EG:H:CIHDE:G6I>C<A:6H:76A6C8:H
A=4
>CB>AA>DCH /:/<13(633B!7<3B3; "/@16 "/@16
+(.DE:G6I>C<A:6H:6HH:IH (E:G6I>C<G><=ID;JH:6HH:IHC:I    
(E:G6I>C<A:6H:A>67>A>I>:H JGG:CIDE:G6I>C<A:6H:A>67>A>I>:H   
(E:G6I>C<A:6H:A>67>A>I>:H 'DC8JGG:CIDE:G6I>C<A:6H:A>67>A>I>:H  
-DI6ADE:G6I>C<A:6H:A>67>A>I>:H    
-=:L:><=I:96K:G6<:DE:G6I>C<A:6H:I:GBL6HN:6GH6C9N:6GH6HD;&6G8=6C9&6G8=
G:HE:8I>K:AN-=:L:><=I:96K:G6<:DE:G6I>C<A:6H:9>H8DJCIG6I:L6H6C96HD;&6G8=6C9
&6G8=G:HE:8I>K:AN
-=:;DAADL>C<B6IJG>IN6C6ANH>HEG:H:CIH:ME:8I:9JC9>H8DJCI:986H=E6NB:CIH;DGDE:G6I>C<A:6H:H6HD;&6G8=

7A1/:.3/@
>CB>AA>DCH      )63@3/4B3@ )=B/:
(E:G6I>C<A:6H:E6NB:CIH              
%:HH>BEJI:9>CI:G:HI 
-DI6ADE:G6I>C<A:6H:A>67>A>I>:H  

16)6+--);-;
-=:8DBEDC:CIHD;;>C6C8:A:6H::ME:CH:L:G:6H;DAADLH
=@B637A1/:.3/@<232
>CB>AA>DCH "/@16 "/@16 "/@16
>C6C8:A:6H:8DHI
BDGI>O6I>DCD;G><=ID;JH:6HH:IH      
"CI:G:HIDCA:6H:A>67>A>I>:H   
-DI6A;>C6C8:A:6H:8DHI      
-=:;DAADL>C<I67A:EGDK>9:HHJEEA:B:CI6A86H=;ADL>C;DGB6I>DCG:A6I:9IDI=:DBE6CNTH;>C6C8:A:6H:H
=@B637A1/:.3/@<232
>CB>AA>DCH "/@16 "/@16 "/@16
"CI:G:HIE6>9;DG;>C6C8:A:6H:A>67>A>I>:HR(E:G6I>C<86H=;ADLH     
6H=E6>9;DG6BDJCIH>C8AJ9:9>CI=:B:6HJG:B:CID;;>C6C8:A:6H:
D7A><6I>DCHR;>C6C8>C<86H=;ADLH   
-DI6A86H=E6>9>CI=:B:6HJG:B:CID;;>C6C8:A:6H:D7A><6I>DCH      
6E>I6A:ME:C9>IJG:HI=GDJ<=;>C6C8:A:6H:D7A><6I>DCH      

*44&>C4JN0B7;>FBN5>A5DAC74A8=5>A<0C8>=>==>=20B702C8E8C84B05542C8=620B75;>FB
-=:;DAADL>C<I67A:EG:H:CIH;>C6C8:A:6H:76A6C8:H
A=4
>CB>AA>DCH /:/<13(633B!7<3B3; "/@16 "/@16
+(.;>C6C8:A:6H:6HH:IH )GDE:GIN6C9FJ>EB:CIC:I    
>C6C8:A:6H: ,=DGII:GB9:7I6C98JGG:CIB6IJG>I>:HD;ADC<
I:GB9:7I    
>C6C8:A:6H: %DC<I:GB9:7IC:ID;8JGG:CIB6IJG>I>:H  
-DI6A;>C6C8:A:6H:A>67>A>I>:H    
*44&>C4JM41CN5>A5DAC74A8=5>A<0C8>=>=58=0=24;40B4;8018;8C84B
-=:L:><=I:96K:G6<:;>C6C8:A:6H:I:GBL6HN:6GH6C9N:6GH6HD;&6G8=6C9&6G8=
G:HE:8I>K:AN-=:L:><=I:96K:G6<:;>C6C8:A:6H:9>H8DJCIG6I:L6H6C96HD;&6G8=6C9&6G8=
G:HE:8I>K:AN

-=:;DAADL>C<B6IJG>IN6C6ANH>HEG:H:CIH:ME:8I:9JC9>H8DJCI:986H=E6NB:CIH;DG;>C6C8:A:6H:H6HD;&6G8=
7A1/:.3/@
>CB>AA>DCH      )63@3/4B3@ )=B/:
>C6C8:A:6H:E6NB:CIH              
%:HH>BEJI:9>CI:G:HI 
-DI6A;>C6C8:A:6H:A>67>A>I>:H  
#=B33@7D/B7D3<AB@C;3<BA
"CI=:CDGB6A8DJGH:D;7JH>C:HHI=:DBE6CN>H:MEDH:9ID>CI:G:HIG6I:6C9;DG:><C:M8=6C<:G6I:;AJ8IJ6I>DCHHE6GI
D;>IHG>H@B6C6<:B:CIHIG6I:<NI=:DBE6CNJH:H9:G>K6I>K:>CHIGJB:CIHEG>B6G>AN;DG:><C8JGG:C8N;DGL6G98DCIG68IH
6C9>CI:G:HIG6I:HL6EHID=:9<:8:GI6>C;DG:><C8JGG:C8N6C9>CI:G:HIG6I::MEDHJG:H-=:DBE6CNTHD7?:8I>K:>HID
G:9J8::6GC>C<HKDA6I>A>IN7ND;;H:II>C<<6>CH6C9ADHH:HG:HJAI>C<;GDBI=:H::MEDHJG:HL>I=ADHH:H6C9<6>CHDCI=:
9:G>K6I>K:8DCIG68IHJH:9ID=:9<:I=:B-=:DBE6CN9D:HCDIJH:9:G>K6I>K:>CHIGJB:CIH;DGIG69>C<DG6CNHE:8JA6I>K:
EJGEDH:H
-:1>)<1>-;-;1/6)<-,.7:-,/-++7=6<16/
0B75;>F74364B
-=:DBE6CN=6H9:H><C6I:98:GI6>C;DG:><C8JGG:C8N;DGL6G98DCIG68IH6H86H=;ADL=:9<:HIDG:9J8:;DG:><C8JGG:C8N
G>H@G:A6I:9ID8:GI6>C"C9>6C+JE::9:CDB>C6I:9D7A><6I>DCH6C9;DG:86HI:9IG6CH68I>DCH-=:CDI>DC6A6BDJCIHD;;DG:><C
8JGG:C8N;DGL6G98DCIG68IH9:H><C6I:96H86H=;ADL=:9<:H6HD;&6G8=6C9&6G8=L:G:B>AA>DC
6C9B>AA>DCG:HE:8I>K:ANHD;&6G8=I=:G:A6I:9;DG:86HI:9IG6CH68I>DCH:MI:C9I=GDJ<=:8:B7:G
DGI=:;>H86AN:6GH:C9:9&6G8=6C9&6G8=G:HE:8I>K:ANI=:DBE6CN=69CD86H=;ADL=:9<:H;DG
L=>8=>IL6HEGD767A:I=6II=:=:9<:9IG6CH68I>DCLDJA9CDID88JG
,::'DI:U,ID8@=DA9:GHFJ>INV;DG8=6C<:H>C688JBJA6I:9DI=:G8DBEG:=:CH>K:ADHHC:ID;I6M:HG:A6I:9IDI=:
DBE6CNTH9:G>K6I>K:H9:H><C6I:9;DG=:9<:688DJCI>C<HD;&6G8=B>AA>DCD;ADHHG:A6I:9IDI=:86H=;ADL
=:9<:G:EDGI:9>C688JBJA6I:9DI=:G8DBEG:=:CH>K:ADHH>H:ME:8I:9ID7:G:8A6HH>;>:9>CID:6GC>C<HL>I=>CI=:C:MI
BDCI=H
-:1>)<1>-;7<-;1/6)<-,7:-,/-++7=6<16/
-=:9:G>K6I>K:>CHIGJB:CIHCDI9:H><C6I:96H=:9<:H;DGEJGEDH:HD;=:9<:688DJCI>C<>C8AJ9:8:GI6>CH=DGII:GB;DG:><C
8JGG:C8N;DGL6G98DCIG68IH:G>K6I>K:HI=6I6G:CDI9:H><C6I:96H=:9<>C<>CHIGJB:CIH6G:69?JHI:9ID;6>GK6AJ:I=GDJ<=
:6GC>C<H>CI=:;>C6C8>6AHI6I:B:CIA>C:>I:BIDL=>8=I=:9:G>K6I>K:G:A6I:H
>A486=2DAA4=2H5>AF0A32>=CA02CB
-=:DBE6CNB6C6<:HI=::MEDHJG:ID;AJ8IJ6I>DCH>C;DG:><C8JGG:C8>:H7NJH>C<;DG:><C8JGG:C8N;DGL6G98DCIG68IHID
=:9<:8:GI6>C;DG:><C8JGG:C8N9:CDB>C6I:96HH:IH6C9A>67>A>I>:H>C8AJ9>C<>CI:G8DBE6CN688DJCIH6C9;DG:86HI:9
IG6CH68I>DCH-=:C:ICDI>DC6A6BDJCIHD;I=:;DG:><C8JGG:C8N;DGL6G98DCIG68IHDJIHI6C9>C<6HD;&6G8=6C9
&6G8=L6H7>AA>DC6C97>AA>DCG:HE:8I>K:AN
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-=:;DAADL>C<I67A:EG:H:CIHI=:;DG:><C8JGG:C8N<6>CADHHID(I=:G:ME:CH:>C8DB:C:I
7A1/:.3/@A<232
>CB>AA>DCH "/@16 "/@16 "/@16
DG:><C8JGG:C8NG:B:6HJG:B:CI      
.C9:H><C6I:9;DG:><C8JGG:C8N;DGL6G98DCIG68IH   
-DI6ADG:><C8JGG:C8N<6>C      
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%>E4<4=CB5A><74364BDB43C><0=064C74><?0=HLB5>A486=2DAA4=2HA4<40BDA4<4=C4G?>BDA40=3C740BB>280C432>BCB>5C7474368=6
?A>6A0<
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AA9:G>K6I>K:>CHIGJB:CIH6G:G:8DG9:96I;6>GK6AJ:-=:DBE6CNTH688DJCI>C<IG:6IB:CI;DGI=:H:9:G>K6I>K:>CHIGJB:CIH
>H76H:9DC>IH=:9<:9:H><C6I>DC-=:;DAADL>C<I67A:HEG:H:CII=:;6>GK6AJ:HD;9:G>K6I>K:>CHIGJB:CIH>C8AJ9:9>CI=:
76A6C8:H=::IH
A=4
>CB>AA>DCH /:/<13(633B!7<3B3; "/@16 "/@16
4A8E0C8E4B34B86=0C435>A74364022>D=C8=6
DG:><C8JGG:C8N;DGL6G9
8DCIG68IH (I=:G8JGG:CI6HH:IH    
88GJ:9:ME:CH:H6C9DI=:G8JGG:CIA>67>A>I>:H    
4A8E0C8E4B=>C34B86=0C435>A74364022>D=C8=6
DG:><C8JGG:C8N;DGL6G9
8DCIG68IH (I=:G8JGG:CI6HH:IH    
88GJ:9:ME:CH:H6C9DI=:G8JGG:CIA>67>A>I>:H    
-=:;6>GK6AJ:D;;DG:><C8JGG:C8N;DGL6G98DCIG68IHG:EG:H:CIHI=::HI>B6I:96BDJCIG:FJ>G:9IDH:IIA:I=:8DCIG68IHJH>C<
8JGG:CIB6G@:I:M8=6C<:G6I:H6C9>H76H:9DCI=:E:G>D9:C9;DG:><C8JGG:C8N:M8=6C<:G6I:H6C9;DGL6G9ED>CIHI=6I
6G:8A6HH>;>:96H%:K:A>CEJIH
<0-:"1;3;.7:-:1>)<1>-6;<:=5-6<;
-=:DBE6CN>H:MEDH:9IDI=:G>H@D;ADHH:H>CI=::K:CID;CDCE:G;DGB6C8:7NI=:8DJCI:GE6GI>:HID>IH9:G>K6I>K:
8DCIG68IH-=:6BDJCIHJ7?:8IID8G:9>IG>H@G:A6I:9ID9:G>K6I>K:>CHIGJB:CIH>H<:C:G6AANA>B>I:9IDI=:6BDJCI>;6CN7N
L=>8=68DJCI:GE6GINHD7A><6I>DCH:M8::9I=:D7A><6I>DCHD;I=:DBE6CNL>I=I=6I8DJCI:GE6GIN-DB>I><6I:8DJCI:GE6GIN
8G:9>IG>H@I=:DBE6CNG:<JA6GANG:K>:LH>IH8G:9>I:MEDHJG:6C9I=:8G:9>ILDGI=>C:HHD;I=:8DJCI:GE6GI>:H0>I=G:HE:8I
ID>IH;DG:><C8JGG:C8N9:G>K6I>K:H6HD;&6G8=I=:G:L:G:I=G::8DJCI:GE6GI>:HL>I=8DC8:CIG6I>DCD;8G:9>IG>H@
6C976H:9DC<GDHH;6>GK6AJ:I=:B6M>BJB6BDJCID;ADHHI=6II=:DBE6CN8DJA9>C8JG>H>BB6I:G>6A
-=:DBE6CN6AHD:CI:GH>CID:C;DG8:67A:B6HI:GC:II>C<6GG6C<:B:CIHL>I=HDB:D;>IH8DJCI:GE6GI>:H!DL:K:G;DG
;>C6C8>6AG:EDGI>C<EJGEDH:H>I>HI=:DBE6CNHEDA>8NCDIIDD;;H:I9:G>K6I>K:6HH:IH6C9A>67>A>I>:H9:HE>I:I=::M>HI:C8:
D;:C;DG8:67A:B6HI:GC:II>C<6GG6C<:B:CIH-=:EDI:CI>6A:;;:8ID;HJ8=C:II>C<6GG6C<:B:CIHDCI=:DBE6CNH76A6C8:
H=::IH>HCDIB6I:G>6A;DGI=:E:G>D9HEG:H:CI:9
76-:1>)<1>-16)6+1)46;<:=5-6<;-;1/6)<-,.7:-,/-++7=6<16/
-=:DBE6CN6EEA>:H=:9<:688DJCI>C<;DG;DG:><C8JGG:C8N9:CDB>C6I:99:7IJH:9IDB6C6<:;DG:><C8JGG:C8N
:MEDHJG:HDC>IHC:I>CK:HIB:CIH>C8:GI6>CCDC.,DE:G6I>DCH-DFJ6A>;N;DG=:9<:688DJCI>C<I=:=:9<>C<>CHIGJB:CI
BJHI7:=><=AN:;;:8I>K:6IG:9J8>C<I=:G>H@;GDBI=::MEDHJG:7:>C<=:9<:9
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1H::@HIDG:9J8:I=:>BE68ID;;AJ8IJ6I>DCH>C;DG:><C:M8=6C<:G6I:HDC>IHC:I>CK:HIB:CIH>C8:GI6>CCDC.,
DE:G6I>DCHL>I=;DG:><C8JGG:C8N9:CDB>C6I:99:7IDG;DG:><C8JGG:C8N9:CDB>C6I:99:7I9:H><C6I:96H6=:9<:I=:
:;;:8I>K:C:HHD;I=:=:9<:>H6HH:HH:976H:9DC8=6C<:H>CHEDIG6I:HDGFJ6A>;N>C<C:I>CK:HIB:CI=:9<:H6AA<6>CHDG
ADHH:HDCI=:=:9<>C<>CHIGJB:CIH6G:>C8AJ9:9>C8JGG:C8NIG6CHA6I>DC 6>CHDGADHH:HDC>C9>K>9J6AC:I>CK:HIB:CIH>C
CDC.,DE:G6I>DCH6G:G:8A6HH>;>:9ID:6GC>C<H;GDB688JBJA6I:9DI=:G8DBEG:=:CH>K:ADHHL=:CHJ8=C:I>CK:HIB:CIH
6G:HDA9DGHJ7HI6CI>6AANA>FJ>96I:9
HD;&6G8=6C9&6G8=1=69B>AA>DCG:HE:8I>K:AND;;DG:><C8JGG:C8N9:CDB>C6I:99:7I
9:H><C6I:96H=:9<:HD;C:I>CK:HIB:CIH>CCDC.,HJ7H>9>6G>:HDGI=:;>H86AN:6G:C9:9&6G8=I=:EG:I6M
>BE68ID;ADHHDC;DG:><C8JGG:C8N9:CDB>C6I:99:7I9:H><C6I:9;DG=:9<:688DJCI>C<G:8D<C>O:9>CDI=:G8DBEG:=:CH>K:
>C8DB:ADHHL6H>BB6I:G>6A
#=B3%@=>3@BG/<2?C7>;3<B
)GDE:GIN6C9:FJ>EB:CI8DCH>HI:9D;I=:;DAADL>C<
A=4
>CB>AA>DCH "/@16 "/@16
)GDE:GIN6C9:FJ>EB:CIS<GDHH
%6C97J>A9>C<H6C9A:6H:=DA9>BEGDK:B:CIH    
DBEJI:GH6C9G:A6I:9:FJ>EB:CI  
JGC>IJG:6C9DI=:G:FJ>EB:CI  
DCHIGJ8I>DC>CEGD<G:HH  
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)GDE:GIN6C9:FJ>EB:CIC:I    
:EG:8>6I>DC:ME:CH:;DG;>H86A6C9L6HB>AA>DCB>AA>DC6C9B>AA>DCG:HE:8I>K:AN
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A=4"/@16 A=4"/@16
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,D;IL6G:            
JHIDB:GG:A6I:9>CI6C<>7A:
6HH:IH      
(I=:G>CI6C<>7A:6HH:IH      
-DI6A>CI6C<>7A:6HH:IH            
-=:8DBEDC:CIHD;6BDGI>O6I>DC:ME:CH:L:G:6H;DAADLH
7A1/:.3/@A<232
>CB>AA>DCH "/@16 "/@16 "/@16
"CI6C<>7A:6HH:I6BDGI>O6I>DC      
-G6CH>I>DC6C9IG6CH;DGB6I>DC8DCIG68I8DHI6BDGI>O6I>DC   
-DI6A6BDGI>O6I>DC:ME:CH:      

 +A0=B8C8>=0=3CA0=B5>A<0C8>=2>=CA02C2>BCB0A48=2;D343F8C78=>C74A0BB4CB>=C7410;0=24B744C
HI>B6I:9;JIJG:>CI6C<>7A:6HH:I6BDGI>O6I>DC6HD;&6G8=>H6H;DAADLH
>H86A2:6G >CB>AA>DCH
  
 
 
 
 
-=:G:6;I:G 
-DI6 A  

#=B3==2E7::
-=:;DAADL>C<I67A:HHJBB6G>O:I=:8=6C<:H>CI=:86GGN>C<6BDJCIHD;<DD9L>AA7NH:<B:CI;DGI=:;>H86AN:6GH:C9:9
&6G8=6C9&6G8=G:HE:8I>K:AN
>CB>AA>DCH ( ( )=B/:
6A6C8:6HD;&6G8=C:I    S  
>K:HI>IJG:H  S 
DG:><C8JGG:C8NIG6CHA6I>DC  S 
6A6C8:6HD;&6G8=C:I    S  
DD9L>AA<GDHH   
88JBJA6I:9>BE6>GB:CIADHH:H   
6A6C8:6HD;&6G8=C:I    S  
>CB>AA>DCH ( ( )=B/:
6A6C8:6HD;&6G8=C:I    S  
>K:HI>IJG:H  S 
DG:><C8JGG:C8NIG6CHA6I>DC  S 
6A6C8:6HD;&6G8=C:I    S  
DD9L>AA<GDHH   
88JBJA6I:9>BE6>GB:CIADHH:H   
6A6C8:6HD;&6G8=C:I    S  
>K:HI>IJG:H6G:9:H8G>7:9>C'DI:>K:HI>IJG:H-=:;DG:><C8JGG:C8NIG6CHA6I>DC6BDJCIG:;A:8IHI=:>BE68ID;
8JGG:C8NBDK:B:CIHDCCDC.,9DAA6G9:CDB>C6I:9<DD9L>AA76A6C8:H
77,?14458)1:5-6<6)4A;-;
DGI=:DBE6CNTH6CCJ6A<DD9L>AA>BE6>GB:CI6HH:HHB:CIE:G;DGB:96HD;#JANI=:DBE6CN8=DH:I=:DEI>DC
ID7NE6HHI=:>C>I>6AFJ6A>I6I>K:6HH:HHB:CIHI6<:6C9EGD8::99>G:8IANIDI=:FJ6CI>I6I>K:<DD9L>AA>BE6>GB:CII:HII=:
>BE6>GB:CI6C6ANH:HE:G;DGB:96HD;#JAN6C9L:G:E:G;DGB:9FJ6A>I6I>K:AN-=:6C6ANH:H;DG:68=D;I=:H:
;>H86AN:6GH9>9CDIG:HJAI>C6C>BE6>GB:CI8=6G<:II=::C9D;:68=;>H86AN:6GI=:DBE6CN6HH:HH:9L=:I=:GI=:G:
L:G::K:CIHDG8=6C<:H>C8>G8JBHI6C8:HI=6ILDJA9BDG:A>@:ANI=6CCDIG:9J8:I=:;6>GK6AJ:D;6CND;>IHG:EDGI>C<JC>IH
7:ADL>IH86GGN>C<6BDJCI6C9G:FJ>G:<DD9L>AAID7:I:HI:9;DG>BE6>GB:CI-=:DBE6CN9:I:GB>C:9I=6II=:G:=6K:
7::CCDHJ8=>C9>86IDGH6C9I=:G:;DG:>IL6HJCC:8:HH6GNIDE:G;DGB6C>CI:G>B<DD9L>AA>BE6>GB:CII:HI6HD;I=::C9
D;:68=G:HE:8I>K:;>H86AN:6G

#=B330B
-=:;DAADL>C<>H6HJBB6GND;I=:DBE6CNH9:7I
A=4
>CB>AA>DCH <B3@3AB'/B3A
7A1/:.3/@
"/BC@7B73A
"/@16

"/@16

(6=@BB3@;230B/<21C@@3<B;/BC@7B73A=4:=<5B3@;
230B
XB>AA>DC,:C>DGCDI:H      S
JGG:CIB6IJG>I>:HD;;>C6C8:A:6H:A>67>A>I>:H    
JGG:CIB6IJG>I>:HD;DI=:GADC<I:GB9:7I /6G>DJH   
,=DGII:GB9:7I6C98JGG:CIB6IJG>I>:HD;ADC<I:GB9:7I   
!=<5B3@;230B<3B=41C@@3<B;/BC@7B73A
XB>AA>DC,:C>DGCDI:H   S 
B>AA>DC,:C>DGCDI:H    
XB>AA>DC,:C>DGCDI:H    
B>AA>DC,:C>DGCDI:H    
XB>AA>DC,:C>DGCDI:H    
>C6C8:A:6H:A>67>A>I>:H    
DGGDL>C<H;DG6HH:IH68FJ>G:9JC9:GADC<I:GB;>C6C8>C<    
(I=:G7DGGDL>C<H /6G>DJH   S
%DC<I:GB9:7IC:ID;8JGG:CIB6IJG>I>:H    
-DI6A9:7I    
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<8;;8>=0=3<8;;8>=A4B?42C8E4;H=4C>5C>C0;D=0<>AC8I43341C38B2>D=CB0=3?A4<8D<B0=33454AA43341C8BBD0=24
2>BCB>5<8;;8>=0=3<8;;8>=A4B?42C8E4;H
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-=::HI>B6I:9;6>GK6AJ:D;I=:DBE6CNHADC<I:GB9:7I:M8AJ9>C<;>C6C8:A:6H:A>67>A>I>:HL6H7>AA>DC6HD;7DI=
&6G8=6C9&6G8=G:HE:8I>K:AN6H8DBE6G:9L>I=I=:86GGN>C<K6AJ:D;7>AA>DC6C97>AA>DC6H
D;&6G8=6C9&6G8=G:HE:8I>K:AN";B:6HJG:96I;6>GK6AJ:ADC<I:GB9:7I:M8AJ9>C<;>C6C8:A:6H:
A>67>A>I>:HLDJA97:8A6HH>;>:96H%:K:ADG%:K:AL>I=>CI=:;6>GK6AJ:=>:G6G8=N
=<=:-)<=:1<1-;7.-*<
JIJG:B6IJG>I>:HD;9:7I:M8AJ9>C<;>C6C8:A:6H:A>67>A>I>:H;DG;>H86AN:6GH6;I:G&6G8=6G:6H;DAADLH
7A1/:.3/@ >CB>AA>DCH
  
 
 
 
 
-=:G:6;I:G 
-DI6 A  
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"->-6=-"-+7/61<176
-=:;DAADL>C<I67A:EG:H:CIH1HG:K:CJ:H9>H6<<G:<6I:97N<:D<G6E=N76H:9DCI=:AD86I>DCD;>C8DGEDG6I>DCD;I=:
1:CI>INEGDK>9>C<I=:G:A6I:9<DD9HDGH:GK>8:H
)E3:D3"=<B6A<232
>CB>AA>DCH "/@16 "/@16 "/@16
.C>I:9,I6I:H      
.C>I:9$>C<9DB   
(I=:GJGDE:   
JHIG6A>6   
(I=:G"CI:GC6I>DC6A   
-DI6A+:K:CJ:H      
-=:G:K:CJ:7N<:D<G6E=NE:GI6>CHID7DI=D;I=:DBE6CNTHG:EDGI67A:H:<B:CIH+:;:GID'DI:,:<B:CI6C9
:D<G6E=>8"C;DGB6I>DC;DGI=:DBE6CNTHH:<B:CI9>H8ADHJG:H
"-5)1616/!-:.7:5)6+- *41/)<176;
+:B6>C>C<E:G;DGB6C8:D7A><6I>DCHG:EG:H:CII=:6<<G:<6I:6BDJCID;I=:IG6CH68I>DCEG>8:>C8DCIG68IH6AAD86I:9ID
E:G;DGB6C8:D7A><6I>DCHCDI9:A>K:G:9DGE6GI>6AANJC9:A>K:G:96HD;I=::C9D;I=:G:EDGI>C<E:G>D9+:B6>C>C<
E:G;DGB6C8:D7A><6I>DC:HI>B6I:H6G:HJ7?:8IID8=6C<:6C96G:6;;:8I:97NH:K:G6A;68IDGH>C8AJ9>C<I:GB>C6I>DCH
8=6C<:H>CI=:H8DE:D;8DCIG68IHE:G>D9>8G:K6A>96I>DCH69?JHIB:CIH;DGG:K:CJ:I=6I=6HCDIB6I:G>6A>O:96C9
69?JHIB:CIH;DG8JGG:C8NHD;&6G8=6EEGDM>B6I:AN7>AA>DCD;G:K:CJ:>H:ME:8I:9ID7:G:8D<C>O:9;GDB
G:B6>C>C<E:G;DGB6C8:D7A><6I>DCH-=:DBE6CN:ME:8IHIDG:8D<C>O:G:K:CJ:DC6EEGDM>B6I:AND;I=:H:
G:B6>C>C<E:G;DGB6C8:D7A><6I>DCH>C;>H86AL>I=I=:G:B6>C9:GD;I=:76A6C8:G:8D<C>O:9I=:G:6;I:G
76<:)+<)4)6+-;
-=:;DAADL>C<I67A:EGDK>9:H>C;DGB6I>DC67DJII=:76A6C8:HD;I=:DBE6CNHIG69:G:8:>K67A:H6C98DCIG68I6HH:IH6C9
8DCIG68IA>67>A>I>:H
A=4
>CB>AA>DCH /:/<13(633B!7<3B3; "/@16 "/@16
-G69:G:8:>K67A:HC:I
+:8:>K67A:H6C98DCIG68I6HH:IHC:ID;
6AADL6C8:;DG9DJ7I;JA688DJCIH    
DCIG68I6HH:IH
+:8:>K67A:H6C98DCIG68I6HH:IHC:ID;
6AADL6C8:;DG9DJ7I;JA688DJCIH    
DCIG68IA>67>A>I>:H
:;:GG:9G:K:CJ:6C969K6C8:8DCIG68I
E6NB:CIH6C9'DC8JGG:CI9:;:GG:9G:K:CJ:    
=6C<:>C8DCIG68IA>67>A>I>:HL:G:6H;DAADLH
>CB>AA>DCH
)E3:D3"=<B6A<232
"/@16
)E3:D3"=<B6A<232
"/@16
6A6C8:7:<>CC>C<D;E:G>D9    
:;:GG:9G:K:CJ:  
+:8D<C>I>DCD;9:;:GG:9G:K:CJ:  
JGG:C8NIG6CHA6I>DC69?JHIB:CI  
(I=:G  
6A6C8::C9D;E:G>D9    

-=:;DAADL>C<I67A:HEGDK>9:H>C;DGB6I>DC67DJII=:DBE6CNTH86E>I6A>O:98DHIHIDD7I6>C6C9;JA;>AA68DCIG68I
A=4
>CB>AA>DCH "/@16 "/@16
6E>I6A>O:9H6A:H8DBB>HH>DC8DHIH    
-G6CH>I>DC6C9IG6CH;DGB6I>DC8DCIG68I8DHIHC:I    
BDGI>O6I>DC:ME:CH:D;86E>I6A>O:9H6A:H8DBB>HH>DC6C9IG6CH>I>DC6C9IG6CH;DGB6I>DC8DCIG68I8DHIHL:G:6H;DAADLH
7A1/:.3/@A<232
>CB>AA>DCH "/@16 "/@16 "/@16
6E>I6A>O:9H6A:H8DBB>HH>DC8DHIH6BDGI>O6I>DC      
-G6CH>I>DC6C9IG6CH;DGB6I>DC8DCIG68I8DHI6BDGI>O6I>DC      

 0?8C0;8I43B0;4B2><<8BB8>=2>BCB0A48=2;D343F8C78=>C74A0BB4CB8=C74022><?0=H8=610;0=24B744CB0=30<>AC8I0C8>=4G?4=B4
A4;0C43C>C7420?8C0;8I43B0;4B2><<8BB8>=0BB4CB0A48=2;D3438=B4;;8=664=4A0;0=303<8=8BCA0C8E44G?4=B4B8=C74022><?0=H8=6
BC0C4<4=CB>5>?4A0C8>=B
 +A0=B8C8>=0=3CA0=B5>A<0C8>=2>=CA02C2>BCB=4CA45;42CC74><?0=HLBB4CD?2>BCB8=2DAA43D?>=8=8C80C8>=>50=>DCB>DA28=62>=CA02C
0=30A48=2;D343F8C78=>C74A0BB4CB8=C74022><?0=H8=610;0=24B744CB0=30<>AC8I0C8>=4G?4=B40A48=2;D343F8C78=34?A4280C8>=
0=30<>AC8I0C8>=8=C74022><?0=H8=6BC0C4<4=CB>5>?4A0C8>=B

#=B3'3AB@C1BC@7<5=ABA
-=:DBE6CNG:8DG9:9G:HIGJ8IJG>C<8DHIHC:ID;G:K:GH6AHD;B>AA>DCB>AA>DC6C9B>AA>DC;DG;>H86A
6C9G:HE:8I>K:AN-=:8DHIHG:8DG9:99JG>C<;>H86AL:G:A6G<:ANI=:G:HJAID;>BEA:B:CI>C<I=:>H86A
)A6C6H9:H8G>7:97:ADL
-=:8DBEDH>I>DCD;G:HIGJ8IJG>C<A>67>A>I>:H7N;>C6C8>6AHI6I:B:CIA>C:>I:BH>H6H;DAADLH
A=4
>CB>AA>DCH "/@16 "/@16
88GJ:9:ME:CH:H6C9DI=:G8JGG:CIA>67>A>I>:H    
(I=:GADC<I:GBA>67>A>I>:H  
-DI6 A    
#=55):A7."-;<:=+<=:16/!4)6;
8B20;(;0=
JG>C<;>H86AB6C6<:B:CI6EEGDK:9<AD76A8DHIH6K>C<H>C>I>6I>K:H9:H><C:9ID7:II:G6A><CI=:DBE6CNTH
LDG@;DG8:;68>A>I>:H6C996I68:CI:GHI=:U>H86A)A6CV
+:HIGJ8IJG>C<68I>K>I>:HHJBB6G>O:97NEA6CN:6GL:G:6H;DAADLH
'3AB@C1BC@7<5
!7/07:7BG/A=4
"/@16
=ABA
F>3<A32
#3B=4
'3D3@A/:A
=ABA#=B
4431B7<5
'3AB@C1BC@7<5
!7/07:7BG /A6%/72 $B63@
'3AB@C1BC@7<5
!7/07:7BG/A=4
"/@16
>H86A)A6C
0DG@;DG8:+:9J8I>DCH  S        S  
68>A>I>:HDHIH S     S
S      
>H86A)A6C
0DG@;DG8:+:9J8I>DCH    S  S      S
68>A>I>:HDHIH     S S
     S
(I=:G)G>DG2:6G6C98FJ>G:9
)A6CH
0DG@;DG8:+:9J8I>DCH      S    S  
68>A>I>:HDHIH      
     
-DI6A            

(4=B8>=14=458C0D6<4=C0C8>=BA42>A3430B?4=B8>=;8018;8C84B0BB4C8<?08A<4=CB0=3A4BCAD2CDA8=62>BCB0BB>280C43F8C7A867C>5DB4
0BB4CB
>A486=2DAA4=2HCA0=B;0C8>=039DBC<4=CB
"C8AJ9:9>CG:HIGJ8IJG>C<8DHIH;DG;>H86A>HB>AA>DCG:A6I:9ID6BDGI>O6I>DCD;I=:G><=ID;JH:6HH:I6C9>CI:G:HI
:ME:CH:;DGA:6H:9;68>A>I>:HI=6I=6K:7::CK686I:97JI6G:7:>C<68I>K:ANB6G@:I:9;DGHJ7A:6H:DGL:6G:>CC:<DI>6I>DCH
L>I=I=:A6C9ADG9IDEDI:CI>6AANI:GB>C6I:DGBD9>;NI=DH:A:6H:H

#=B3%3<A7=</<2$B63@3<347B%:/<A
-=:DBE6CND;;:GH6CJB7:GD;E:CH>DC6C9()EA6CHA>;:>CHJG6C8:7:C:;>IH9:;:GG:98DBE:CH6I>DC6C99:;>C:9
8DCIG>7JI>DCEA6CH&DHID;I=:DBE6CNHE:CH>DCEA6CH6G:CDI69B>II>C<C:LE6GI>8>E6CIHI=:G:;DG:8=6C<:HID
E:CH>DCA>67>A>I>:H6G:EG>B6G>AN9J:IDB6G@:I;AJ8IJ6I>DCHD;>CK:HIB:CIH;DG:M>HI>C<E6GI>8>E6CIH6C98=6C<:H>C>CI:G:HI
G6I:H
-.16-,-6-.1<!4)6;
-=:DBE6CNHEDCHDGH6CJB7:GD;9:;>C:97:C:;>I6C9EDHIG:I>G:B:CIB:9>86A7:C:;>IEA6CH;DGI=:7:C:;>ID;:A><>7A:
:BEADN::H-=:7:C:;>ID7A><6I>DCHD;I=:DBE6CNH.,E:CH>DC.,()6C9CDC.,()EA6CHG:EG:H:CI6C
>CH><C>;>86CIEDGI>DCD;I=:DBE6CNHE:CH>DC6C9DI=:GEDHIG:I>G:B:CI7:C:;>IEA6CHH6G:HJAII=:9>H8ADHJG:H7:ADL
>C8AJ9:I=:DBE6CNH.,6C9CDC.,E:CH>DC6C9()EA6CHDC6<AD76A8DCHDA>96I:976H>H
A><>7A::BEADN::H6G::CGDAA:9>C9:;>C:97:C:;>IE:CH>DCEA6CH>CI=:>G8DJCIGND;9DB>8>A:-=:9:;>C:97:C:;>IE:CH>DC
EA6CH>CI=:.$G:EG:H:CIHI=:A6G<:HIEA6CH"C699>I>DC=:6AI=86G:9:CI6A6C9A>;:>CHJG6C8:7:C:;>IH6G:6AHDEGDK>9:9
ID8:GI6>CCDC.,:BEADN::HH><C>;>86CICJB7:GD;:BEADN::HDJIH>9:I=:.C>I:9,I6I:H6G:8DK:G:97N<DK:GCB:CI
HEDCHDG:9EGD<G6BH6ICD9>G:8I8DHIIDI=:DBE6CNDI=:GI=6CG:A6I:9E6NGDAAI6M:H
JG>C<;>H86AE:CH>DCIGJHI::H6C9I=:DBE6CNIDD@68I>DCHIDG:9J8:I=:KDA6I>A>IND;69:;>C:97:C:;>IE:CH>DC
EA6C>CI=:.$>C8AJ9>C<:CI:G>C<>CIDE:CH>DCG>H@IG6CH;:GIG6CH68I>DCH>CKDAK>C<I=:EJG8=6H:D;6CCJ>IN8DCIG68IH;DG
EDGI>DCHD;>IHDJIHI6C9>C<9:;>C:97:C:;>IE:CH>DCD7A><6I>DCHJH>C<6HH:IH;GDBI=:E:CH>DCIGJHI"C8DCC:8I>DCL>I=I=>H
IG6CH68I>DCI=:E:CH>DCIGJHI::HIG6CH;:GG:97>AA>DCD;<GDHH9:;>C:97:C:;>IE:CH>DCD7A><6I>DCH6C9G:A6I:9EA6C
6HH:IHID6C>CHJG6C8:8DBE6CN;DG6EEGDM>B6I:AN.$EA6CE6GI>8>E6CIH"C699>I>DCI=:DBE6CNG:8D<C>O:96
CDC86H=E:CH>DCH:IIA:B:CI8=6G<:D;B>AA>DCL=>8=>C8AJ9:HI=:688:A:G6I:9G:8D<C>I>DCD;EG>DGH:GK>8:8G:9>II=6I
L6H>C8AJ9:9>C688JBJA6I:9DI=:G8DBEG:=:CH>K:ADHH-=>HIG6CH68I>DC>H>GG:KD867A:6C96H6G:HJAID;I=:IG6CH68I>DC
I=:E:CH>DCIGJHI::H6C9I=:DBE6CNL:G:G:A>:K:9D;6AAG:HEDCH>7>A>IN;DGI=:G:A6I:9E:CH>DCD7A><6I>DCH6C9I=:
>CHJG6C8:8DBE6CN>HCDLG:FJ>G:9IDE6N6C969B>C>HI:GI=:G:I>G:B:CI7:C:;>IH
-=:8=6C<:>CEGD?:8I:97:C:;>ID7A><6I>DC;DG;>H86AN:6G>HEG>B6G>ANG:A6I:9ID>CI:G:HI8DHI7:C:;>IHE6>96C9
68IJ6G>6A<6>CH8IJ6G>6A<6>CHL:G:EG>B6G>AN9J:ID9>H8DJCIG6I:>C8G:6H:H>CI=:.$
!:72-+<-,-6-.1< *41/)<176;
A=4
>CB>AA>DCH "/@16 "/@16
)GD?:8I:97:C:;>ID7A><6I>DC6I7:<>CC>C<D;N:6G    
,:GK>8:8DHI  
"CI:G:HI8DHI  
)A6CE6GI>8>E6CIHT8DCIG>7JI>DCH  
B:C9B:CIH  
JH>C:HH8DCIG68I68FJ>H>I>DCH9>K:HI>IJG:H S 
,:IIA:B:CI8JGI6>AB:CI  
8IJ6G>6A<6>CADHH  
:C:;>IHE6>9  
DG:><C8JGG:C8N:M8=6C<:G6I:8=6C<:H  
(I=:G  
)GD?:8I:97:C:;>ID7A><6I>DC6I:C9D;N:6G    

-=:;DAADL>C<I67A:HJBB6G>O:HI=:L:><=I:96K:G6<:G6I:HJH:9>CI=:9:I:GB>C6I>DCD;I=:DBE6CNTH7:C:;>I
D7A><6I>DCH
7A1/:.3/@A<232
"/@16 "/@16
>H8DJCIG6I:  
+6I:HD;>C8G:6H:>C8DBE:CH6I>DCA:K:AH  
"CI:G:HIG:9>I>C<+6I:  
)1:&)4=-7.!4)6;;-<;)6,=6,-,#<)<=;
A=4
8=<8;;8>=B "/@16 "/@16
6>GK6AJ:D;EA6C6HH:IH6I7:<>CC>C<D;N:6G    
8IJ6AG:IJGCDCEA6C6HH:IH  
BEADN:G8DCIG>7JI>DC  
)A6CE6GI>8>E6CIHT8DCIG>7JI>DCH  
:C:;>IHE6>9  
DCIG68IJ6AI:GB>C6I>DC7:C:;>IH S 
)A6CH:IIA:B:CI  
DG:><C8JGG:C8N:M8=6C<:G6I:8=6C<:H  
(I=:G  
6>GK6AJ:D;EA6C6HH:IH6I:C9D;N:6G    
JC9:9HI6IJH6I:C9D;N:6G    
#-4-+<-,6.7:5)<176
A=4
>CB>AA>DCH "/@16 "/@16
(I=:G6HH:IH    
88GJ:9:ME:CH:H6C9DI=:G8JGG:CIA>67>A>I>:H  
'DC8JGG:CIE:CH>DCD7A><6I>DCH  
(I=:GADC<I:GBA>67>A>I>:H()  
':I6BDJCIG:8DG9:9    
88JBJA6I:97:C:;>ID7A><6I>DC    
3<347B%:/<AE7B6%@=831B32
3<347B$0:75/B7=<7<F13AA=4
%:/<AA3BA
3<347B%:/<AE7B611C;C:/B32
3<347B$0:75/B7=<7<F13AA=4
%:/<AA3BA
>CB>AA>DCH "/@16 "/@16 "/@16 "/@16
)GD?:8I:97:C:;>ID7A><6I>DC        
88JBJA6I:97:C:;>ID7A><6I>DC        
6>GK6AJ:D;EA6C6HH:IH        

-<!-:17,1+!-6;1767;<
7A1/:.3/@A<232
>CB>AA>DCH "/@16 "/@16 "/@16
,:GK>8:8DHI      
"CI:G:HI8DHI   
ME:8I:9G:IJGCDC6HH:IH   
BDGI>O6I>DCD;EG>DGH:GK>8:8G:9>I   
,J7IDI6A   
,:IIA:B:CI8JGI6>AB:CI<6>CADHH S  
+:8D<C>I>DCD;68IJ6G>6A<6>CADHH   
':IE:G>D9>8E:CH>DC>C8DB::ME:CH:      
-=:H:GK>8:8DHI8DBEDC:CID;C:IE:G>D9>8E:CH>DC>C8DB::ME:CH:>HEG:H:CI:9>C8DHIHD;H:GK>8:H6C9H:AA>C<
<:C:G6A6C969B>C>HIG6I>K:6C9I=:DI=:G8DBEDC:CIHD;C:IE:G>D9>8E:CH>DC>C8DB::ME:CH:6G:EG:H:CI:9>CDI=:G
>C8DB::ME:CH:C:I>CI=:DBE6CNTHHI6I:B:CIHD;DE:G6I>DCH
-=:L:><=I:96K:G6<:G6I:HJH:9ID9:I:GB>C:C:IE:G>D9>8E:CH>DC8DHIL:G:
7A1/:.3/@A<232
"/@16 "/@16 "/@16
>H8DJCIDGH:IIA:B:CIG6I:H   
ME:8I:9ADC<I:GBG6I:HD;G:IJGCDC6HH:IH   
+6I:HD;>C8G:6H:>C8DBE:CH6I>DCA:K:AH   
"CI:G:HIG:9>I>C<+6I:   
-=:;DAADL>C<>H6HJBB6GND;6BDJCIH>C688JBJA6I:9DI=:G8DBEG:=:CH>K:ADHH7:;DG:I6M:;;:8IH
7A1/:.3/@A<232
>CB>AA>DCH "/@16 "/@16
)G>DGH:GK>8:8G:9>I    
;<15)<-,=<=:-76<:1*=<176;)6,-6-.1<;!)A5-6<;
>CB>AA>DCH
BEADN:G8DCIG>7JI>DCH
  
:C:;>I)6NB:CIH
  
 
 
 
 
6C9I=:G:6;I:G 
-DI6A  

)1:&)4=-7.!4)6;;-<;
-=:I67A:H7:ADLH:I;DGI=I=:;6>GK6AJ:D;EA6C6HH:IH7N6HH:I86I:<DGNL>I=>CI=:;6>GK6AJ:=>:G6G8=N
A=4"/@16
>CB>AA>DCH !3D3: !3D3: !3D3: )=B/:
FJ>IN
AD76A"CI:GC6I>DC6AFJ>IN
8DBB>C<A:9;JC9H      S  
.,'DGI=B:G>86CFJ>IN
8DBB>C<A:9;JC9H  S S 
>M:9"C8DB:
'DC., DK:GCB:CI;JC9H   S 
>M:9>C8DB:8DBB>C<A:9;JC9H   S 
DGEDG6I:6C9DI=:G7DC9H   S 
AI:GC6I>K:H
(I=:GAI:GC6I>K:H S   
!:9<:JC9H S S  
(I=:GHH:IH S   
"CHJG6C8:8DCIG68IH S  S 
6H=6C986H=:FJ>K6A:CIH   S 
-DI6AH
       
A=4"/@16
>CB>AA>DCH !3D3: !3D3: !3D3: )=B/:
FJ>IN
AD76A"CI:GC6I>DC6AFJ>IN
8DBB>C<A:9;JC9H      S  
.,'DGI=B:G>86CFJ>IN
8DBB>C<A:9;JC9H  S S 
>M:9"C8DB:
'DC., DK:GCB:CI;JC9H S  S 
>M:9>C8DB:8DBB>C<A:9;JC9H    
>M:9>C8DB:BJIJ6A;JC9H S S S S
DGEDG6I:6C9DI=:G7DC9H S   
AI:GC6I>K:H
(I=:GAI:GC6I>K:H S   
!:9<:JC9H S   
(I=:GHH:IH    
"CHJG6C8:8DCIG68IH S  S 
6H=6C986H=:FJ>K6A:CIH   S 
-DI6AH        

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)4?A4B4=CB8=E4BC<4=CB8=38E4AB858435D=3>5743645D=3B

=6C<:H>C;6>GK6AJ:B:6HJG:B:CIHD;A:K:A>CK:HIB:CIH;DGI=:9:;>C:97:C:;>IEA6CHL:G:6H;DAADLH
>CB>AA>DCH
6A6C8:6HD;&6G8=  
8IJ6AG:IJGCDCEA6C6HH:IH=:A96II=:G:EDGI>C<96I: 
)JG8=6H:HH6A:H6C9H:IIA:B:CIH 
=6C<:H9J:ID:M8=6C<:G6I:H 
6A6C8:6HD;&6G8= 
8IJ6AG:IJGCDCEA6C6HH:IH=:A96II=:G:EDGI>C<96I: 
)JG8=6H:HH6A:H6C9H:IIA:B:CIH 
-G6CH;:GH>C6C9DGDJID;%:K:A 
=6C<:H9J:ID:M8=6C<:G6I:H 
6A6C8:6HD;&6G8=  
DB:HI>86C9<AD76A:FJ>IN688DJCIH6G:86I:<DG>O:96H%:K:A>;I=:H:8JG>I>:HIG69:DCC6I>DC6ADG>CI:GC6I>DC6A
:M8=6C<:H6C96G:K6AJ:96II=:>GA6HIG:EDGI:98ADH>C<EG>8:FJ>IN6HH:IH>C8DBB>C<A:9;JC9HG:EDGI>C<6C:I6HH:I
K6AJ:6G:86I:<DG>O:96H%:K:A6C9K6AJ:9JH>C<7GD@:G9:6A:G7>9HDGFJDI:HD;H:8JG>I>:HL>I=H>B>A6G8=6G68I:G>HI>8H
>M:9>C8DB:688DJCIH6G:86I:<DG>O:96H%:K:A>;IG69:9DC6EJ7A>8ANFJDI:9:M8=6C<:DG6HA:K:A>;>CK:HIB:CIH>C
8DGEDG6I:7DC9H6G:EG>B6G>AN>CK:HIB:CI<G69:7DC9H<:C:G6AANEG>8:9JH>C<BD9:A76H:9EG>8>C<B:I=D9HI=6IJH:
D7H:GK67A:B6G@:I96I66H>CEJIHGD@:G9:6A:G7>9HDGFJDI:HD;H:8JG>I>:HL>I=H>B>A6G8=6G68I:G>HI>8HB6N6AHD7:JH:9
AI:GC6I>K:>CK:HIB:CI;JC9H:8JG>I>:H6G:86I:<DG>O:96H%:K:A>;=:A9>C6BJIJ6A;JC9DG>C6H:E6G6I:688DJCI
HIGJ8IJG:6C968I>K:ANIG69:9I=GDJ<=6G:8D<C>O:9:M8=6C<:DG6H%:K:A>;I=:N6G:=:A9>C8DBB>C<A:9DG8DAA:8I>K:
688DJCIHIGJ8IJG:H6C96G:68I>K:ANIG69:9AI:GC6I>K:>CK:HIB:CI;JC9H:8JG>I>:H6G:8A6HH>;>:96H%:K:A>;I=:N6G:=:A9
>C%>B>I:9DBE6CNDG%>B>I:9)6GIC:GH=>EHIGJ8IJG:HDG86CCDIDI=:GL>H:7:8A6HH>;>:96H%:K:ADG%:K:A
(I=:G6HH:IHG:EG:H:CIEGDE:GIN=DA9>C<H7N8:GI6>CE:CH>DCEA6CHH67DK:I=:EGDE:GIN=DA9>C<HG:EG:H:CI6B6HI:G
A:6H:6GG6C<:B:CI:CI:G:9>CID7N1>CI=:.$6C98:GI6>C.$E:CH>DCEA6CH6H6;>C6C8>C<IG6CH68I>DC
"CHJG6C8:8DCIG68IHEJG8=6H:9ID8DK:G7:C:;>IHE6N67A:IDG:I>G::H6G:K6AJ:9JH>C<I=:6HHJBEI>DCHJH:9IDK6AJ:I=:
EGD?:8I:97:C:;>ID7A><6I>DC
6H=:FJ>K6A:CIHI=6I=6K:FJDI:9EG>8:H>C68I>K:B6G@:IH6G:8A6HH>;>:96H%:K:A,=DGII:GBBDC:NB6G@:I
8DBB>C<A:9;JC9H6G:86I:<DG>O:96H%:K:A6C9K6AJ:96I8DHIEAJH688GJ:9>CI:G:HIL=>8=6EEGDM>B6I:H;6>GK6AJ:
!4)6;;-<447+)<176;
A=4
AA3B/B35=@G "/@16 "/@16
FJ>INH:8JG>I>:H  
:7IH:8JG>I>:H  
AI:GC6I>K:H  
6H=6C9DI=:G  
-DI6 A  
)A6C6HH:IH6G:=:A9>C6IGJHII=6I>C8AJ9:H8DBB>C<A:9;JC9HHJ7?:8IID8DJCIGNHE:8>;>8G:<JA6I>DCH6C9>CK:HI:9
EG>B6G>AN>C8DBB>C<A:9;JC9HDGI=:.$E:CH>DCEA6CHI=:DBE6CNHA6G<:HIE:CH>DCEA6CH7N6HH:IH6C9EGD?:8I:9
A>67>A>I>:H6I6G<:I6AAD86I>DC7N6HH:I8A6HHL6H9:K:ADE:9ID68=>:K:I=:>GADC<I:GBD7?:8I>K:HHH:I6AAD86I>DCH6G:
BDC>IDG:98ADH:AN6C9>CK:HIB:CIG:K>:LHG:<6G9>C<6HH:IHIG6I:<N6G:8DC9J8I:9G:<JA6GANL>I=>CI:GC6A6C9:MI:GC6A
69K>HDGH
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-=:DBE6CNTH>CK:HIB:CI<D6AH6C9G>H@B6C6<:B:CIHIG6I:<N;DGEA6C6HH:IH:K6AJ6I:H6CJB7:GD;;68IDGH>C8AJ9>C<
I=:I>B:=DG>ODCD;I=:EA6CHTD7A><6I>DCH)A6C6HH:IH6G:>CK:HI:9>CK6G>DJH6HH:I8A6HH:HI=6I6G::ME:8I:9IDEGD9J8:6
HJ;;>8>:CIA:K:AD;9>K:GH>;>86I>DC>CDG9:GIDG:9J8:G>H@N:IEGD9J8:H6G:6HDC67A:6BDJCID;G:IJGCDC>CK:HIB:CIDK:GI=:
ADC<I:GB,J;;>8>:CIA>FJ>9>IN>HB6>CI6>C:9IDB::I7:C:;>ID7A><6I>DCH6HI=:N7:8DB:9J:-=>G9E6GIN>CK:HIB:CI
B6C6<:GH6G::BEADN:9ID>CK:HI6HH:IH>C7DI=E6HH>K:AN>C9:M:96C968I>K:ANB6C6<:9HIG6I:<>:HFJ>I>:H6G:EG>B6G>AN
>CK:HI:97GD69AN>C9DB:HI>86C9;DG:><C8DBE6C>:H68GDHHB6G@:I86E>I6A>O6I>DCH6C9>C9JHIG>:H>M:9>C8DB:H:8JG>I>:H
6G:>CK:HI:97GD69ANEG>B6G>AN>C<DK:GCB:CIIG:6HJGN8DGEDG6I:8G:9>IBDGI<6<:768@:96C96HH:I768@:9>CK:HIB:CIH
AI:GC6I>K:>CK:HIB:CI6AAD86I>DCH6G:>C8AJ9:9>CH:A:8I:9EA6CHID68=>:K:<G:6I:GEDGI;DA>D9>K:GH>IN>CI:C9:9IDG:9J8:
I=:DK:G6AAKDA6I>A>ING>H@D;I=:EA6CH
)A6C6HH:IG>H@H>C8AJ9:ADC<:K>IN>C;A6I>DC6C9DI=:G8=6C<:H>CB6G@:I8DC9>I>DCHI=6I8DJA9G:9J8:I=:K6AJ:D;EA6C
6HH:IHAHD69:8A>C:>CI=:N>:A9D;=><=FJ6A>IN8DGEDG6I:7DC9HB6N69K:GH:AN6;;:8I9>H8DJCIG6I:HG:HJAI>C<>C6C
>C8G:6H:>C1HE:CH>DC6C9DI=:GEDHIG:I>G:B:CID7A><6I>DCH-=:H:G>H@H6BDC<DI=:GH8DJA986JH:I=:EA6CHT
;JC9:9HI6IJHID9:I:G>DG6I:G:HJAI>C<>C6C>C8G:6H:9G:A>6C8:DCDBE6CN8DCIG>7JI>DCH:G>K6I>K:H6G:E:GB>II:9
6AI=DJ<=I=:>G8JGG:CIJH:>HA>B>I:9L>I=>CIG69>I>DC6A;JC9H6C97GD69AN6AADL:9L>I=>C6AI:GC6I>K:;JC9H:G>K6I>K:H6G:
JH:9;DG>C;A6I>DCG>H@B6C6<:B:CI6C9L>I=>CI=:A>67>A>IN9G>K:C>CK:HI>C<HIG6I:<N-=:DBE6CN6AHD=6H>CK:HIB:CIH>C
>CHJG6C8:8DCIG68IHIDE6NEA6C7:C:;>IH>C8:GI6>C8DJCIG>:H
"-<=:676;;-<;
-=:DBE6CN8DCHJAIHL>I=>CI:GC6A6C9:MI:GC6A69K>HDGHG:<6G9>C<I=::ME:8I:9ADC<I:GBG6I:D;G:IJGCDC6HH:IH-=:
DBE6CNJH:HK6G>DJHHDJG8:H>C>IH6EEGD68=ID8DBEJI:I=::ME:8I:9ADC<I:GBG6I:D;G:IJGCD;I=:B6?DG6HH:I
8A6HH:H:ME:8I:9>C:68=D;I=:EA6CH1JI>A>O:HADC<I:GB6HH:I8A6HHG:IJGC6HHJBEI>DCHD;INE>86AANN:6GHL=>8=
6G:EGDK>9:97N:MI:GC6A69K>HDGHDCH>9:G6I>DC>H6AHD<>K:CIDI=::MI:CI68I>K:B6C6<:B:CI>H:BEADN:9>C:68=6HH:I
8A6HH6C96AHDIDB6C6<:B:CI:ME:CH:HH>C<A::ME:8I:9ADC<I:GBG6I:D;G:IJGC>H86A8JA6I:9;DG:68=EA6C7N
6HH:HH>C<I=:EA6CH:ME:8I:96HH:I6AAD86I>DCHIG6I:<NI=:7:C:;>IHD;9>K:GH>;>86I>DCI=:G:;GDB=>HIDG>86A:M8:HHG:IJGCH
;GDB68I>K:ANB6C6<:9IG69>I>DC6A>CK:HIB:CIH:ME:8I:9ADC<I:GBG:IJGCH;DG6AI:GC6I>K:>CK:HIB:CIH6C9:ME:8I:9
>CK:HIB:CI:ME:CH:H-=:G:HJAI>C<8DBEDH>I:G6I:D;G:IJGC>HG:K>:L:97N>CI:GC6A6C9:MI:GC6AE6GI>:H;DG
G:6HDC67A:C:HH
"-<1:-5-6<!4)61;+7=6<")<-
-=:.$9>H8DJCIG6I:>H76H:9DCI=:N>:A98JGK:6EEGD68=JH>C<I=:.$DC ),>C<A:<:C8NDGEDG6I:H(CAN
JGK:
-.16-,76<:1*=<176!4)6;
-=:DBE6CNHEDCHDGH9:;>C:98DCIG>7JI>DCEA6CH;DGHJ7HI6CI>6AAN6AA.,:BEADN::H6C98:GI6>C;DG:><C:BEADN::HDG
8:GI6>CEA6CHI=:DBE6CNL>AAB6I8=:BEADN::8DCIG>7JI>DCH-=:EA6CH6AADL:BEADN::HID8DCIG>7JI:6EDGI>DCD;I=:>G
:6GC>C<H>C688DG96C8:L>I=HE:8>;>:9<J>9:A>C:HJG>C<;>H86A6C9I=:DBE6CN8DCIG>7JI:9
B>AA>DCB>AA>DC6C9B>AA>DCG:HE:8I>K:ANID>IH9:;>C:98DCIG>7JI>DCEA6CHHD;&6G8=EA6C6HH:IH
>C8AJ9:9H=6G:HD;I=:DBE6CNTH8DBBDCHID8@
-.-::-,758-6;)<176!4)6;
1HEDCHDGHILD:;:GG:9DBE:CH6I>DC)A6CHI=:U1-:8=CDAD<NDBE6CN:;:GG:9DBE:CH6I>DC)A6CVI=:
U1)V6C9I=:CI:GEG>H:,:GK>8:HM:8JI>K::;:GG:9DBE:CH6I>DC)A6CI=:U,)VDI=EA6CH6G:CDC
FJ6A>;>:99:;:GG:98DBE:CH6I>DCEA6CHB6>CI6>C:9;DG6H:A:8I<GDJED;B6C6<:B:CI=><=AN8DBE:CH6I:9:BEADN::H6C9
CDC:BEADN::9>G:8IDGH
-=:1)8DK:GH:A><>7A::BEADN::HL=DE6GI>8>E6I:9>C,TH:;:GG:9DBE:CH6I>DC)A6CEG>DGIDI=:!),
&:G<:G-=:,)8DK:GH:A><>7A::BEADN::HL=DE6GI>8>E6I:9>CI=:!)M:8JI>K::;:GG:9DBE:CH6I>DC)A6CEG>DG
IDI=:!),&:G<:GDI=EA6CH6AADLE6GI>8>E6I>C<:BEADN::HID9:;:GI=:G:8:>EID;8JGG:CI8DBE:CH6I>DCID6;JIJG:
9>HIG>7JI>DC96I:DG:K:CI67DK:I=:6BDJCIHI=6IB6N7:9:;:GG:9JC9:G1THI6MFJ6A>;>:9@EA6CI=:1

-:8=CDAD<N&6I8=:9HH:I)A6C':>I=:GEA6CEGDK>9:H;DG:BEADN:G8DCIG>7JI>DCHHD;EG>AI=:,)9D:H
CDI69B>IC:LE6GI>8>E6CIH
:GI6>CB6C6<:B:CI6C9=><=AN8DBE:CH6I:9:BEADN::H6G::A><>7A:ID9:;:G6AADG6EDGI>DCD;I=:>GG:<JA6GH6A6GNI=6I
:M8::9HI=:A>B>I6I>DCH:I;DGI=>C"CI:GC6A+:K:CJ:,:8I>DC66C96AADG6EDGI>DCD;I=:>G>C8:CI>K:8DBE:CH6I>DC
'DC:BEADN::9>G:8IDGH6G::A><>7A:ID9:;:GJEIDD;I=:>G86H=8DBE:CH6I>DC-=:A>67>A>INJC9:GI=:EA6CL=>8=>H
>C8AJ9:9>CDI=:GADC<I:GBA>67>A>I>:H>CI=:DBE6CNH76A6C8:H=::IH6BDJCI:9IDB>AA>DC6HD;&6G8=6C9
B>AA>DC6HD;&6G8=-=:DBE6CNH:ME:CH:JC9:GI=:)A6CIDI6A:9B>AA>DC6C9B>AA>DC;DG;>H86A
6C9G:HE:8I>K:AN
#=B3<1=;3)/F3A
-=:HDJG8:HD;>C8DB:ADHH;GDB8DCI>CJ>C<DE:G6I>DCH7:;DG:>C8DB:I6M:H8A6HH>;>:97:IL::C9DB:HI>8:CI>I>:H6C9
I=DH::CI>I>:H9DB>8>A:9DJIH>9:D;I=:.C>I:9,I6I:H6G:6H;DAADLH
7A1/:.3/@A<232
>CB>AA>DCH "/@16 "/@16 "/@16
DB:HI>8:CI>I>:H      
CI>I>:HDJIH>9:I=:.C>I:9,I6I:H   
-DI6A      
-=:>C8DB:I6M:ME:CH:7:C:;>IDC>C8DB:ADHH;GDB8DCI>CJ>C<DE:G6I>DCH>H8DBEG>H:9D;
7A1/:.3/@A<232
>CB>AA>DCH "/@16 "/@16 "/@16
JGG:CI
:9:G6A      
,I6I:   
DG:><C   
  
:;:GG:9
:9:G6A   
,I6I:   
DG:><C   
  
-DI6A>C8DB:I6M:ME:CH:7:C:;>I      
-=:8JGG:CI;:9:G6AI6M:ME:CH:6C97:C:;>I;DG;>H86AN:6GH6C9>C8AJ9:H6B>AA>DCB>AA>DC6C9
B>AA>DCIG6CH>I>DCI6M7:C:;>IG:HE:8I>K:AN-=:8JGG:CI:ME:CH:7:C:;>I;DG;>H86AN:6GH6C9
>C8AJ9:H>CI:G:HI6C9E:C6AI>:HD;B>AA>DCB>AA>DC6C9B>AA>DCG:HE:8I>K:AN;DGJC8:GI6>CI6MEDH>I>DCH
"C8DCC:8I>DCL>I=I=:!),&:G<:GI=:DBE6CN:CI:G:9>CID6I6MB6II:GH6<G::B:CIL>I=!)!)<:C:G6AANL>AA7:
G:HEDCH>7A:;DGI6MA>67>A>I>:H6G>H>C<EG>DGIDI=:!),&:G<:G6C91>HA>67A:ID!);DG>C8DB:I6MG:8:>K67A:H>I
G:8:>K:HG:A6I:9IDEG:!),&:G<:GE:G>D9H)JGHJ6CIIDI=:I6MB6II:GH6<G::B:CII=:DBE6CNG:8DG9:96
B>AA>DCI6M>C9:BC>;>86I>DCG:8:>K67A:G:A6I:9IDJC8:GI6>CI6MEDH>I>DCH6B>AA>DCI6M>C9:BC>;>86I>DCG:8:>K67A:G:A6I:9
IDDI=:GI6ME6N67A:H6C96B>AA>DCI6M>C9:BC>;>86I>DCE6N67A:G:A6I:9IDDI=:GI6MG:8:>K67A:H
"C8DCC:8I>DCL>I=I=:.,),,:E6G6I>DCI=:DBE6CN:CI:G:9>CID6I6MB6II:GH6<G::B:CIL>I=):GHE:8I6"C8
>C8AJ9>C<>IHHJ88:HHDGH6C9E:GB>II:96HH><CH):GHE:8I6-=:DBE6CN<:C:G6AANL>AA7:G:HEDCH>7A:;DGI6MA>67>A>I>:H
6G>H>C<EG>DGIDI=:.,),,:E6G6I>DC6C9):GHE:8I6>HA>67A:IDI=:DBE6CN;DG>C8DB:I6MG:8:>K67A:HG:A6I:9IDEG:
HE>CD;;E:G>D9H"C8DB:I6MA>67>A>I>:HIG6CH;:GG:9ID):GHE:8I6EG>B6G>ANG:A6I:IDEG:!),&:G<:GE:G>D9H;DGL=>8=I=:
DBE6CN>H>C9:BC>;>:97N!)EJGHJ6CIIDI=:I6MB6II:GH6<G::B:CI7:IL::CI=:DBE6CN6C9!)-=:DBE6CN

G:B6>CHA>67A:ID!);DGI6MG:8:>K67A:HIG6CH;:GG:9ID):GHE:8I6G:A6I:9IDEG:!),&:G<:GE:G>D9H)JGHJ6CIIDI=:
I6MB6II:GH6<G::B:CII=:DBE6CNG:8DG9:96B>AA>DCI6M>C9:BC>;>86I>DCG:8:>K67A:;GDB):GHE:8I6G:A6I:9ID
DI=:GI6MG:8:>K67A:H6C96B>AA>DCI6M>C9:BC>;>86I>DCE6N67A:ID):GHE:8I6G:A6I:9ID>C8DB:I6M6C9DI=:GI6M
E6N67A:H
"C8DCC:8I>DCL>I=I=:H6A:D;>IH=:6AI=86G:EGDK>9:GHD;IL6G:7JH>C:HH!),I=:DBE6CN:CI:G:9>CID6I6MB6II:GH
6<G::B:CIL>I=:96AJH)JGHJ6CIIDI=:I6MB6II:GH6<G::B:CII=:DBE6CN<:C:G6AANL>AA7:G:HEDCH>7A:;DGI6M
A>67>A>I>:H6G>H>C<EG>DGIDI=:H6A:D;I=:!),7JH>C:HH
-=:B6?DG:A:B:CIH8DCIG>7JI>C<IDI=:9>;;:G:C8:7:IL::CI=:.,;:9:G6AHI6IJIDGNI6MG6I:6C9I=::;;:8I>K:I6MG6I:
-+;DG8DCI>CJ>C<DE:G6I>DCH>H7:ADL
7A1/:.3/@A<232
"/@16 "/@16 "/@16
,I6IJIDGNG6I:   
,I6I:>C8DB:I6MC:ID;;:9:G6AI6M   
DG:><CI6MG6I:9>;;:G:CI>6A   
=6C<:>CK6AJ6I>DC6AADL6C8:H   
"C8DB:I6M6C9;DG:><CI6M8G:9>IH   
=6C<:>CJC8:GI6>CI6MEDH>I>DCH  S 
0>I==DA9>C<I6M:H   
.,I6MDC;DG:><C>C8DB:   
M8:HHI6M7:C:;>IDG:ME:CH:;DGHID8@8DBE:CH6I>DC   
6E>I6A>O:9IG6CH68I>DC8DHIH S  
6H::GDH>DC6C9IG6CH>I>DCI6M:H   
"BE68ID;7JH>C:HH9>K:HI>IJG:H   
"C9:BC>;>86I>DC8DHIH   
"CI:G:HIDCI6MG:8:>K67A:H  S S
-6M6J9>IH   S
(I=:G>I:BHC:I   
;;:8I>K:I6MG6I:   
"C;>H86AI=:-+L6HEG>B6G>AN>BE68I:97N
W -=:<AD76AB>MD;>C8DB:6C98=6C<:H>C;DG:><CHI6IJIDGNI6MG6I:HL=>8=>C8G:6H:9I=:;DG:><CI6MG6I:
9>;;:G:CI>6A6C9I=:-+7NB>AA>DC6C9G:HE:8I>K:AN
W "C8DB:I6M6C9;DG:><CI6M8G:9>IHL=>8=9:8G:6H:9>C8DB:I6M:ME:CH:6C9I=:-+7NB>AA>DC6C9
G:HE:8I>K:AND;;H:I7NI6M:ME:CH:DC.,>CI:GC6I>DC6AI6M>C8AJH>DCHL=>8=>C8G:6H:9I6M:ME:CH:6C9I=:-+
7NB>AA>DC6C9G:HE:8I>K:AN
W -=:I6M7:C:;>ID;8=6C<:H>CJC8:GI6>CI6MEDH>I>DCHG:A6I:9IDI=::ME>G6I>DCD;I=:HI6IJI:D;A>B>I6I>DCH6C9
86E>I6A>O:9G:H:6G8=6C9:ME:G>B:CI6A:ME:C9>IJG:HD;;H:I7NI=:>BE68ID;>C8G:6H:H>CDI=:GJC8:GI6>CI6M
EDH>I>DCH6C9688GJ:9>CI:G:HIL=>8=9:8G:6H:9>C8DB:I6M:ME:CH:6C9I=:-+7NB>AA>DC6C9
G:HE:8I>K:AN
"C;>H86AI=:-+L6HEG>B6G>AN>BE68I:97N
W =6C<:H>C;DG:><C?JG>H9>8I>DC6AADHH:HI=6I9:8G:6H:9I=:-+7NB>AA>DC6C9
G:HE:8I>K:ANL>I=6CD;;H:II>C<>C8G:6H:>CI=:-+9J:ID6C>C8G:6H:>CI=:K6AJ6I>DC6AADL6C8:D;I=:
H6B:6BDJCI
W "C8DB:I6M6C9;DG:><CI6M8G:9>IHL=>8=9:8G:6H:9>C8DB:I6M:ME:CH:6C99:8G:6H:9I=:-+7N
B>AA>DC6C9G:HE:8I>K:AND;;H:I7NI6M:ME:CH:DC.,>CI:GC6I>DC6AI6M>C8AJH>DCHL=>8=
>C8G:6H:9I6M:ME:CH:6C9>C8G:6H:9I=:-+7NB>AA>DC6C9G:HE:8I>K:AN

W DG:><CL>I==DA9>C<I6M:HL=>8=>C8G:6H:9>C8DB:I6M:ME:CH:6C9>C8G:6H:9I=:-+7NB>AA>DC
6C9G:HE:8I>K:AN
"C;>H86AI=:-+L6HEG>B6G>AN>BE68I:97N
W G:9J8I>DC>C76H::GDH>DC6C9IG6CH>I>DCI6M:HL=>8=>C8G:6H:9>C8DB:I6M7:C:;>I6C99:8G:6H:9I=:-+7N
B>AA>DC6C9G:HE:8I>K:AN
W "C8DB:I6M6C9;DG:><CI6M8G:9>IHL=>8=>C8G:6H:9>C8DB:I6M7:C:;>I6C99:8G:6H:9I=:-+7NB>AA>DC6C9
G:HE:8I>K:AND;;H:I7NI6M:ME:CH:DC.,>CI:GC6I>DC6AI6M>C8AJH>DCHL=>8=9:8G:6H:9I6M7:C:;>I6C9
>C8G:6H:9I=:-+7NB>AA>DC6C9G:HE:8I>K:AN
W 'DCI6M67A:<6>CH6C9ADHH:HDC7JH>C:HH9>K:HI>IJG:HL=>8=>C8G:6H:9>C8DB:I6M7:C:;>I6C99:8G:6H:9I=:
-+7NB>AA>DC6C9G:HE:8I>K:AN
-=:9:;:GG:9I6M6HH:IHA>67>A>I>:HL:G:6H;DAADLH
A=4
>CB>AA>DCH "/@16 "/@16
:;:GG:9I6M6HH:IH
-6MADHH8G:9>I86GGN;DGL6G9H  
88GJ:9>CI:G:HI  
(E:G6I>C<A:6H:A>67>A>I>:H  
DCIG68I688DJCI>C<  
:EG:8>6I>DC6C96BDGI>O6I>DC  
(I=:G6HH:IH  
-DI6A9:;:GG:9I6M6HH:IH  
/6AJ6I>DC6AADL6C8:  
':I9:;:GG:9I6M6HH:IH  
:;:GG:9I6MA>67>A>I>:H
(E:G6I>C<G><=ID;JH:6HH:I  
"CK:HIB:CI76H>H9>;;:G:C8:H  
BEADN::7:C:;>IH  
(I=:GA>67>A>I>:H  
-DI6A9:;:GG:9I6MA>67>A>I>:H  
-DI6AC:I9:;:GG:9I6M6HH:IHA>67>A>I>:H    

"C8DB:I6MG:A6I:96HH:IH6G:>C8AJ9:9>CI=:688DBE6CN>C<76A6C8:H=::IH6H;DAADLH
A=4
>CB>AA>DCH "/@16 "/@16
JGG:CI
"C8DB:I6MG:8:>K67A:H6C9EG:E6>9I6M:H    
   
'DC8JGG:CI
"C8DB:I6M:HG:8:>K67A:6C9EG:E6>9I6M:H    
:;:GG:9I6M6HH:IH  
   
-DI6 A    
"C8DB:I6MG:A6I:9A>67>A>I>:H6G:>C8AJ9:9>CI=:688DBE6CN>C<76A6C8:H=::I6H;DAADLH
A=4
>CB>AA>DCH "/@16 "/@16
JGG:CI
"C8DB:I6M:HE6N67A:    
   
'DC8JGG:CI
:;:GG:9I6M:H    
"C8DB:I6M:HE6N67A:  
%>67>A>IN;DGJC8:GI6>CI6MEDH>I>DCH  
   
-DI6 A    
,><C>;>86CIB6C6<:B:CI?J9<B:CI>HG:FJ>G:9>C9:I:GB>C>C<I=:DBE6CNHEGDK>H>DC;DG>C8DB:I6M:H9:;:GG:9I6M
6HH:IH6C9A>67>A>I>:H6C96CNK6AJ6I>DC6AADL6C8:G:8DG9:96<6>CHI9:;:GG:9I6M6HH:IHHD;:68=G:EDGI>C<96I:
B6C6<:B:CIL:><=HC:L:K>9:C8:7DI=EDH>I>K:6C9C:<6I>K:I=6I8DJA96;;:8I>IHK>:LD;I=:;JIJG:G:6A>O6I>DCD;>IHC:I
9:;:GG:9I6M6HH:IH(7?:8I>K:K:G>;>67A::K>9:C8:L=>8=>H=>HIDG>86A>CC6IJG:86GG>:HBDG:L:><=II=6CHJ7?:8I>K:
:K>9:C8:L=>8=>H;DGL6G9ADD@>C<>CC6IJG:
K6AJ6I>DC6AADL6C8:=6H7::CG:8DG9:96<6>CHI9:;:GG:9I6M6HH:IHD;6EEGDM>B6I:ANB>AA>DC6HD;&6G8=
9J:IDJC8:GI6>CI>:HG:A6I:9IDI=:67>A>INIDJI>A>O:I=:H:6HH:IH"C6HH:HH>C<L=:I=:G>IH9:;:GG:9I6M6HH:IH6G:
G:6A>O67A:I=:DBE6CN8DCH>9:GHL=:I=:G>I>HBDG:A>@:ANI=6CCDII=6IHDB:EDGI>DCDG6AAD;I=:9:;:GG:9I6M6HH:IHL>AA
CDI7:G:6A>O:96C969?JHIHI=:K6AJ6I>DC6AADL6C8:688DG9>C<AN-=:DBE6CN8DCH>9:GH6AA6K6>A67A:EDH>I>K:6C9
C:<6I>K::K>9:C8:>C8AJ9>C<;JIJG:G:K:GH6AHD;:M>HI>C<I6M67A:I:BEDG6GN9>;;:G:C8:HI6M67A:>C8DB:>CEG>DG86GGN768@
N:6GHEGD?:8I:9;JIJG:I6M67A:>C8DB:I6MEA6CC>C<HIG6I:<>:H6C9G:8:CI;>C6C8>6ADE:G6I>DCH
-=:C:I9:8G:6H:>CI=:K6AJ6I>DC6AADL6C8:D;B>AA>DC>C;>H86AL6HEG>B6G>AN9J:IDHI6IJIDGN8DGEDG6I:>C8DB:
I6MG6I:8=6C<:HL=>8=IG><<:G:96G:B:6HJG:B:CID;9:;:GG:9I6M76A6C8:H6C9I=:6HHD8>6I:9K6AJ6I>DC6AADL6C8:H

-=:;DAADL>C<I67A:EGDK>9:H>C;DGB6I>DCDCI=:DBE6CNHK6G>DJHI6M86GGN;DGL6G9H
A=4"/@16 A=4"/@16
>CB>AA>DCH )=B/:
,7B6#=
F>7@/B7=<
,7B6
F>7@/B7=<
F>7@/B7=<
/B3A
)6@=C56 )=B/:
,7B6#=
F>7@/B7=<
,7B6
F>7@/B7=<
F>7@/B7=<
/B3A
)6@=C56
':IDE:G6I>C<ADHH
86GGN;DGL6G9H
:9:G6A  S  S  S '      S '
,I6I:              
DG:><C              
-6M8G:9>I
86GGN;DGL6G9H
:9:G6A  S  S  S    S   
,I6I: SS
DG:><C    S       S   
6E>I6AADHH
86GGN;DGL6G9H
:9:G6A      S '      S '
,I6I:      S '      S '
DG:><C      S '      S '
-=:DBE6CN6AHD=6H;:9:G6A6C9HI6I:?>CI:G:HI9:9J8I>DC86GGN;DGL6G96IIG>7JI:HD;6EEGDM>B6I:ANB>AA>DC6C9
B>AA>DCG:HE:8I>K:ANI=6I=6K:CD:ME>G6I>DC
HD;&6G8=I=:DBE6CN=69JC9>HIG>7JI:9:6GC>C<H;GDB;DG:><CHJ7H>9>6G>:HI=6IL:G:CDI>C9:;>C>I:AN
G:>CK:HI:96C9=6969:;:GG:9I6MA>67>A>IND;B>AA>DC;DGI=::HI>B6I:9I6M:H6HHD8>6I:9L>I=I=:G:E6IG>6I>DCD;I=:H:
:6GC>C<H-=:DBE6CN6AHD=69JC9>HIG>7JI:9:6GC>C<HD;6EEGDM>B6I:AN7>AA>DC6C9DI=:GDJIH>9:76H>H9>;;:G:C8:H
>C;DG:><CHJ7H>9>6G>:HI=6IL:G:>C9:;>C>I:ANG:>CK:HI:9>C;DG:><CDE:G6I>DCH'DI6M:H=6K:7::CEGDK>9:9DCI=:
JC9>HIG>7JI:9;DG:><C:6GC>C<H6C9DJIH>9:76H>H9>;;:G:C8:HI=6I6G:>C9:;>C>I:ANG:>CK:HI:9";;JIJG::K:CIH>C8AJ9>C<
B6I:G>6A8=6C<:H>C:HI>B6I:HD;86H=LDG@>C<86E>I6A6C9ADC<I:GB>CK:HIB:CIG:FJ>G:B:CIHC:8:HH>I6I:I=6II=:H:
:6GC>C<H7:9>HIG>7JI:96C699>I>DC6AEGDK>H>DC;DGI6M:HB6N6EEANL=>8=8DJA9B6I:G>6AAN6;;:8IDJG;JIJG::;;:8I>K:I6M
G6I:
-=:DBE6CN688DJCIH;DG>C8DB:I6MJC8:GI6>CI>:H>C688DG96C8:L>I=,"C8DB:-6M:HL=>8=EG:H8G>7:H6
G:8D<C>I>DCI=G:H=DA96C9B:6HJG:B:CI8G>I:G>6;DGI=:;>C6C8>6AHI6I:B:CIG:8D<C>I>DC6C9B:6HJG:B:CID;6I6MEDH>I>DC
I6@:CDG:ME:8I:9ID7:I6@:C>C6I6MG:IJGC:C:;>IH;GDBI6MEDH>I>DCHH=DJA97:G:8D<C>O:9>CI=:;>C6C8>6AHI6I:B:CIH
DCANL=:C>I>HBDG:A>@:ANI=6CCDII=6II=:I6MEDH>I>DCL>AA7:HJHI6>C:9JEDC:M6B>C6I>DC7NI=:6EEGDEG>6I:I6M>C<
6JI=DG>INI=6ILDJA9=6K:;JAA@CDLA:9<:D;6AAG:A:K6CI>C;DGB6I>DCI6MEDH>I>DCI=6IB::IHI=:BDG:A>@:ANI=6CCDI
G:8D<C>I>DCI=G:H=DA9>HB:6HJG:96II=:A6G<:HI6BDJCID;7:C:;>II=6I>H<G:6I:GI=6C;>;INE:G8:CIA>@:AND;7:>C<G:6A>O:9
JEDCJAI>B6I:H:IIA:B:CI-6MEDH>I>DCHI=6IEG:K>DJHAN;6>A:9IDB::II=:BDG:A>@:ANI=6CCDIG:8D<C>I>DCI=G:H=DA9H=DJA9
7:G:8D<C>O:9>CI=:;>GHIHJ7H:FJ:CI;>C6C8>6AG:EDGI>C<E:G>D9>CL=>8=I=6II=G:H=DA9>HB:I)G:K>DJHANG:8D<C>O:9I6M
EDH>I>DCHI=6ICDADC<:GB::II=:BDG:A>@:ANI=6CCDIG:8D<C>I>DCI=G:H=DA9H=DJA97:9:G:8D<C>O:9>CI=:;>GHIHJ7H:FJ:CI
;>C6C8>6AG:EDGI>C<E:G>D9>CL=>8=I=6II=G:H=DA9>HCDADC<:GB:I,6AHDEGDK>9:H<J>96C8:DCI=:688DJCI>C<;DG
6C99>H8ADHJG:D;A>67>A>I>:H;DGJC8:GI6>CI6MEDH>I>DCH>CI:G:HI6C9E:C6AI>:H

"C688DG96C8:L>I=,I=:DBE6CNTHA>67>A>IN;DGJC8:GI6>CI6MEDH>I>DCHL6H6H;DAADLH
7A1/:.3/@A<232
>CB>AA>DCH "/@16 "/@16
-6M    
"CI:G:HI  
):C6AI>:H  
+:9J8I>DCD;G:8:>K67A:H  
':ID;I6M6IIG>7JI:H  
-DI6 A    
-=:;DAADL>C<I67A:HJBB6G>O:HI=:68I>K>ING:A6I:9IDI=:DBE6CNTHJC8:GI6>CI6MEDH>I>DCH:M8AJ9>C<>CI:G:HI6C9
E:C6AI>:H6C9G:A6I:9I6M6IIG>7JI:H
7A1/:.3/@A<232
>CB>AA>DCH "/@16 "/@16 "/@16
6A6C8:6I7:<>CC>C<D;;>H86AN:6G      
GDHH>C8G:6H:HG:A6I:9IDEG>DGN:6GI6MEDH>I>DCH   
GDHH9:8G:6H:HG:A6I:9IDEG>DGN:6GI6MEDH>I>DCH   
GDHH>C8G:6H:HG:A6I:9ID8JGG:CIN:6GI6MEDH>I>DCH   
GDHH9:8G:6H:HG:A6I:9ID8JGG:CIN:6GI6MEDH>I>DCH  S S
,:IIA:B:CIH6C9HI6IJI:D;A>B>I6I>DC:ME>G6I>DCH   
DG:><C:M8=6C<:6C9DI=:GH  S 
6A6C8:6I:C9D;;>H86AN:6G      
-=:DBE6CNTHA>67>A>IN;DGJC8:GI6>CI6MEDH>I>DCH6I&6G8=&6G8=6C9&6G8=>C8AJ9:H
B>AA>DCB>AA>DC6C9B>AA>DCG:HE:8I>K:ANG:A6I:9ID6BDJCIHI=6I>;G:8D<C>O:9LDJA96;;:8II=::;;:8I>K:I6M
G6I::M8AJ9>C<G:A6I:9>CI:G:HI6C9E:C6AI>:H-=:9:8G:6H:>CI6MEDH>I>DCH>HEG>B6G>AN9J:IDHI6IJI:D;A>B>I6I>DC
:ME>G6I>DCH6C968=6C<:>CI=:JC8:GI6>CI6MEDH>I>DCG:A6I:9ID86E>I6A>O:9G:H:6G8=6C9:ME:G>B:CI6A:ME:C9>IJG:H
-=:DBE6CNG:8D<C>O:H>CI:G:HI688GJ:9G:A6I:9IDJC8:GI6>CI6MEDH>I>DCH6C9E:C6AI>:H6H68DBEDC:CID;>C8DB:I6M
:ME:CH:JG>C<I=:N:6G:C9:9&6G8=I=:DBE6CN=696C:I>C8G:6H:>C>CI:G:HI:ME:CH:D;B>AA>DC
B>AA>DCC:ID;I6MCD8=6C<:H>C688GJ:9:ME:CH:;DGE:C6AI>:H6C96HD;&6G8=G:8D<C>O:96A>67>A>IN;DG
>CI:G:HID;B>AA>DCB>AA>DCC:ID;I6M6C9E:C6AI>:HD;B>AA>DCJG>C<I=:N:6G:C9:9&6G8=I=:
DBE6CN=696C:I>C8G:6H:>C>CI:G:HI:ME:CH:D;B>AA>DCB>AA>DCC:ID;I6M6C96C:I9:8G:6H:>C688GJ:9
:ME:CH:;DGE:C6AI>:HD;B>AA>DC6C96HD;&6G8=G:8D<C>O:96A>67>A>IN;DG>CI:G:HID;B>AA>DC
B>AA>DCC:ID;I6M6C9E:C6AI>:HD;B>AA>DCJG>C<I=:N:6G:C9:9&6G8=I=:DBE6CN=696C:I
>C8G:6H:>C>CI:G:HI:ME:CH:D;B>AA>DCB>AA>DCC:ID;I6M6C96C:I9:8G:6H:>C688GJ:9:ME:CH:;DGE:C6AI>:HD;
B>AA>DC6C96HD;&6G8=G:8D<C>O:96A>67>A>IN;DG>CI:G:HID;B>AA>DCB>AA>DCC:ID;I6M6C9E:C6AI>:HD;
B>AA>DC
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:M6B>C6I>DC>C8:GI6>CD;I=:DBE6CNTHB6?DGI6M?JG>H9>8I>DCH6G:
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.C>I:9,I6I:HR:9:G6A 6C9;DGL6G9
.C>I:9,I6I:HR/6G>DJH,I6I:H 6C9;DGL6G9
6C696 6C9;DGL6G9
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-=:"CI:GC6A+:K:CJ:,:GK>8:I=:U"+,V=6H:M6B>C:9DG>H:M6B>C>C<I=:DBE6CNTH;:9:G6A>C8DB:I6MG:IJGCH;DG
;>H86AN:6GHI=GDJ<=I=:I6MN:6G:C9:9(8ID7:G0>I=G:HE:8IID,TH;>H86AN:6GHI=GDJ<=
;:9:G6AI6MG:IJGCHI=:DBE6CNE6GI>8>E6I:9>CH:IIA:B:CIC:<DI>6I>DCHL>I=I=:"+,(;;>8:D;EE:6AH-=:"+,:M6B>C:9
H:K:G6A>HHJ:H;DGI=:H:I6MN:6GHI=6IG:HJAI:9>CK6G>DJH6J9>I69?JHIB:CIH-=:DBE6CN6C9I=:"+,(;;>8:D;EE:6AH
=6K:H:IIA:9K6G>DJH6J9>I69?JHIB:CIH6C9L:9>H6<G::L>I=I=:"+,T9>H6AADL6C8:D;8:GI6>CADHH:H6C99:9J8I>DCH
G:HJAI>C<;GDBG:HIGJ8IJG>C<8DHIH;DG:><C:M8=6C<:ADHH:H6C96I=>G9E6GIN;>C6C8>C<IG6CH68I>DC>CEG:K>DJHN:6GH
0:=6K:G:8:>K:9CDI>8:HD;9:;>8>:C8N6C96;>C6AE6GIC:GH=>E69B>C>HIG6I>K:69?JHIB:CIL>I=G:HE:8IID;>H86AN:6GH
6C96C9=6K:I>B:AN;>A:9E:I>I>DCHL>I=I=:.,-6MDJGI
-=:.,-6MDJGI86H:H<:C:G6AAN>CKDAK:I=G::EG>B6GN>HHJ:H-=:;>GHI>HHJ:E:GI6>CHID686E>I6AADHHI=:DBE6CN
8A6>B:9>C;>H86AN:6G>CI=:6BDJCID;B>AA>DCL=>8=I=:"+,HJ7H:FJ:CIAN9>H6AADL:96C9;DGL=>8=>I
EGDEDH:96HJ7HI6CI>6AJC9:GHI6I:B:CIE:C6AIN-=:IDI6A86H=I6ME6NB:CII=:"+,>HH::@>C<>H6EEGDM>B6I:AN
B>AA>DC>C8AJH>K:D;E:C6AI>:H6C9>CI:G:HIL=>8=8DCI>CJ:HID688GJ:-=:B6II:G>H8JGG:CIANH8=:9JA:9;DGIG>6A>C
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-=:H:8DC9>HHJ:E:GI6>CHIDI=:DBE6CNTH9:9J8I>DC;DGG:HIGJ8IJG>C<:ME:CH:H>C;>H86AN:6G>CI=:6BDJCID;
B>AA>DCL=>8=I=:"+,=6H9>HEJI:9-=:IDI6A86H=I6ME6NB:CII=:"+,>HH::@>C<>H6EEGDM>B6I:ANB>AA>DC
>C8AJH>K:D;E:C6AI>:H6C9>CI:G:HIL=>8=8DCI>CJ:HID688GJ:"C#6CJ6GNI=:DJGI9:C>:9I=:"+,THBDI>DC;DG
HJBB6GN?J9<B:CIIG>6A96I:>HE:C9>C<
-=:I=>G9>HHJ:EG>B6G>ANE:GI6>CHID;DG:><C8JGG:C8NADHH:H;GDBI=6II=:DBE6CN8A6>B:9>C;>H86AN:6GH6C9
>CI=:6BDJCID;B>AA>DCG:HJAI>C<;GDBI=:9:EG:8>6I>DCD;I=:.,9DAA6G6<6>CHII=:JGDDK:G6C:><=IN:6G
E:G>D9;GDBIDJEDCI:GB>C6I>DCD;6E6GIC:GH=>E>CI:G:HI>CKDAK>C<ILD:CI>I>:HL>I=9>;;:G:CI;JC8I>DC6A
8JGG:C8>:H-=:IDI6A86H=I6ME6NB:CII=:"+,>HH::@>C<>H6EEGDM>B6I:ANB>AA>DC>C8AJH>K:D;E:C6AI>:H6C9
>CI:G:HIL=>8=8DCI>CJ:HID688GJ:-=>HB6II:G>H8JGG:CIANE:C9>C<6HJBB6GN?J9<B:CIBDI>DC;GDBI=:"+,
HL:7:A>:K:L:L>AAJAI>B6I:ANEG:K6>ADCI=:I:8=C>86AB:G>IHD;I=:9>H6<G::9>I:BH6C96G:8=6AA:C<>C<I=:B>CI=:.,
-6MDJGII=:67DK:B6II:GH6G:CDI;JAANG:H:GK:96C9LDJA9G:HJAI>C>C8G:B:CI6A;:9:G6A6C9HI6I:I6M:ME:CH:D;
6EEGDM>B6I:ANB>AA>DC>C8AJ9>C<:HI>B6I:9>CI:G:HI6C9E:C6AI>:H;DGI=:JCG:H:GK:9EDGI>DCD;I=:H:>I:BH6C986H=
I6ME6NB:CIHD;6EEGDM>B6I:ANB>AA>DC>;L:9DCDIEG:K6>A-=:H:6BDJCIH6G:C:ID;6C:ME:8I:9B>AA>DC
>CI:G:HI9:9J8I>DCI6M7:C:;>I
JG>C<;>H86AI=:DBE6CN9:I:GB>C:9I=:G:L:G:>C69K:GI:CIDB>HH>DCHDCEG:K>DJHAN;>A:9I6MG:IJGCHG:A6I:9ID
<6>CG:8D<C>I>DC6<G::B:CIH6C98:GI6>CG:A6I:9I6M;DGBH6C99>H8ADHJG:H-=:DBE6CNCDI>;>:9I=:"+,EGDBEIAN6C9
;>A:9;DGG:A>:;JC9:G-G:6H+:<,:86EID8DGG:8II=:>HHJ:
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-=:DBE6CNTH;>H86AN:6GH6C96G:>CI=:.,-6MDJGI6C98DCH:FJ:CIANI=:H:N:6GHL>AAG:B6>C
DE:CJCI>AHJ8=EGD8::9>C<H=6K:8DC8AJ9:9-=:DBE6CN=6H6<G::9ID:MI:C9I=:HI6IJI:D;A>B>I6I>DCH;DG;>H86A6C9
I6MG:IJGCN:6GHI=GDJ<=ID:8:B7:G-=:DBE6CN:ME:8IHIDG:68=G:HDAJI>DC;DG;>H86A6C9I6M
G:IJGCN:6GHI=GDJ<=CD:6GA>:GI=6C;>H86AN:6G-=:DBE6CN:ME:8IHIDG:68=G:HDAJI>DC;DG;>H86A6C9
I6MG:IJGCN:6GH6C9CD:6GA>:GI=6C;>H86AN:6G-=:DBE6CN:ME:8IHIDG:68=G:HDAJI>DC;DG;>H86A6C9
I6MG:IJGCN:6GHI=GDJ<=CD:6GA>:GI=6C;>H86AN:6G
-=:DBE6CNB6NH:IIA:8:GI6>CDI=:GI6M:M6B>C6I>DCH;DG9>;;:G:CI6BDJCIHI=6CI=:DBE6CN=6H688GJ:96H
JC8:GI6>CI6MEDH>I>DCHDCH:FJ:CIANI=:DBE6CNB6NC::9ID688GJ:6C9JAI>B6I:ANE6N699>I>DC6A6BDJCIHDGE6N
ADL:G6BDJCIHI=6CEG:K>DJHAN:HI>B6I:96C9688GJ:9L=:CEDH>I>DCH6G:H:IIA:9>CI=:;JIJG:-=:DBE6CN7:A>:K:HI=:
DJI8DB:HI=6I6G:G:6HDC67ANEDHH>7A:L>I=>CI=:C:MIBDCI=HIDG:HJAI>C6G:9J8I>DC>C>IHA>67>A>IN;DGJC8:GI6>CI6M
EDH>I>DCH:M8AJ9>C<>CI:G:HIE:C6AI>:H6C9I6M86GGN;DGL6G9HLDJA97:6EEGDM>B6I:ANB>AA>DC
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#=B3(B=196=:23@A?C7BG
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-=:DBE6CN=6H6JI=DG>O:9H=6G:86E>I6A8DCH>HI>C<D;H=6G:HD;8DBBDCHID8@E6GK6AJ:E:G
H=6G:6C9H=6G:HD;EG:;:GG:9HID8@E6GK6AJ:E:GH=6G:
68=H=6G:D;8DBBDCHID8@>H:FJ6A>C6AAG:HE:8IHID:K:GNDI=:GH=6G:D;8DBBDCHID8@D;I=:DBE6CN68=H=6G:D;
8DBBDCHID8@>H:CI>IA:9IDDC:KDI:E:GH=6G:6I:68=6CCJ6ADGHE:8>6AB::I>C<D;HID8@=DA9:GH;DGI=::A:8I>DCD;
9>G:8IDGH6C9JEDC6CNDI=:GB6II:G8DB>C<7:;DG:HJ8=B::I>C<,J7?:8IID6AAI=:G><=IHD;I=:EG:;:GG:9HID8@9>K>9:C9H
B6N7:E6>9ID=DA9:GHD;8DBBDCHID8@6H6C9L=:C9:8A6G:97NI=:D6G9D;>G:8IDGHI=:D6G9
-=:DBE6CNH8=6GI:GG:FJ>G:HI=6IEG:;:GG:9HID8@BJHI7:6AAD;DC:8A6HH7JIB6N7:>HHJ:9;GDBI>B:IDI>B:>CDC:
DGBDG:H:G>:H:68=D;HJ8=H:G>:HID=6K:HJ8=;JAADGA>B>I:9KDI>C<EDL:GH>;6CN6C9HJ8=9:H><C6I>DCHEG:;:G:C8:H
6C9G:A6I>K:E6GI>8>E6I>C<DEI>DC6ADGDI=:GHE:8>6AG><=IHDGFJ6A>;>86I>DCHA>B>I6I>DCHDGG:HIG>8I>DCH6HEGDK>9:9>C6
G:HDAJI>DC69DEI:97NI=:D6G968=H=6G:D;EG:;:GG:9HID8@L>AAG6C@DC6E6G>INL>I=:68=DI=:GH=6G:D;EG:;:GG:9
HID8@G:<6G9A:HHD;H:G>:HL>I=G:HE:8IIDI=:E6NB:CID;9>K>9:C9H6II=:G:HE:8I>K:AN9:H><C6I:9G6I:H6C9L>I=G:HE:8I
IDI=:9>HIG>7JI>DCD;86E>I6A6HH:IH688DG9>C<IDI=:6BDJCIHIDL=>8=I=:H=6G:HD;I=:G:HE:8I>K:H:G>:H6G::CI>IA:9
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(CEG>A16CCDJC8:9I=::HI67A>H=B:CID;6H=6G:G:EJG8=6H:EGD<G6B6EEGDK:97NI=:D6G9L>I=6C>C>I>6A
6JI=DG>O6I>DCD;7>AA>DC;DG;JIJG:G:EJG8=6H:HD;DJIHI6C9>C<H=6G:HD;18DBBDCHID8@(C'DK:B7:G
16CCDJC8:9I=6I>IHD6G96EEGDK:96C>C8G:B:CI6A7>AA>DCH=6G:G:EJG8=6H:6JI=DG>O6I>DCJG>C<;>H86A
18DBEA:I:9I=:G:B6>C>C<H=6G:G:EJG8=6H:HJC9:GI=:67DK:6JI=DG>O6I>DCH
(C&6N16CCDJC8:9I=6I>IHD6G96EEGDK:96C>C8G:B:CI6A7>AA>DCH=6G:G:EJG8=6H:6JI=DG>O6I>DC
,=6G:G:EJG8=6H:HB6N7:B69:;GDBI>B:IDI>B:I=GDJ<=K6G>DJHB:6CH>C8AJ9>C<>CDE:CB6G@:IEJG8=6H:H7
EA6CHEG>K6I:ANC:<DI>6I:9IG6CH68I>DCH688:A:G6I:9HID8@G:EJG8=6H:H7AD8@IG69:H6C9DI=:GIG6CH68I>DCH>C
8DBEA>6C8:L>I=+JA:7JC9:GI=:M8=6C<:8ID;6H6B:C9:96HL:AA6HIDI=::MI:CI6EEA>867A:DI=:G
;:9:G6A6C9HI6I:H:8JG>I>:HA6LH6C9DI=:GA:<6AG:FJ>G:B:CIH-=:I>B>C<KDAJB:6C9C6IJG:D;H=6G:G:EJG8=6H:H
EJGHJ6CIIDI=:H=6G:G:EJG8=6H:EA6C6G:6II=:9>H8G:I>DCD;B6C6<:B:CI6C9B6N7:HJHE:C9:9DG9>H8DCI>CJ:96I6CN
I>B:HD;&6G8=6EEGDM>B6I:ANB>AA>DCLDGI=D;H=6G:HG:B6>C:96K6>A67A:;DGG:EJG8=6H:JC9:GI=:EA6CH
DGEGD<G6BH-=:G:L:G:CDH=6G:G:EJG8=6H:H9JG>C<;>H86A
JG>C<I=:I=>G9FJ6GI:GD;;>H86AI=:DBE6CNB69:6B>AA>DCE6NB:CI;DGI=::M8>H:I6M6HHD8>6I:9L>I=EG>DG
N:6GH=6G:G:EJG8=6H:H>C8DBEA>6C8:L>I=I=:"C;A6I>DC+:9J8I>DC8I
-=:H=6G:HG:EJG8=6H:96G:G:I>G:9>BB:9>6I:AN6C9>C8AJ9:9>CI=:86I:<DGND;6JI=DG>O:97JIJC>HHJ:9H=6G:H-=:
:M8:HHD;EJG8=6H:EG>8:DK:GE6GK6AJ:D;I=:8DBBDCH=6G:H>H6AAD86I:97:IL::C699>I>DC6AE6>9>C86E>I6A6C9G:I6>C:9
:6GC>C<H-=:9:I6>AHD;H=6G:HG:EJG8=6H:99JG>C<;>H86A6C96G:H=DLC7:ADL
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-DI6A    
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G:HE:8I>K:AN>CA>:JD;86H=>C8DCC:8I>DCL>I=I=:I6ML>I==DA9>C<H6HHD8>6I:9L>I=I=:G:A:6H:D;8DBBDCHID8@JEDC
K:HI>C<D;G:HIG>8I:9HID8@6C9+,.HH6G:HJAII=:DBE6CN=DA9HIG:6HJGNH=6G:H6HD;&6G8=
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!=AA
6A6C8:6I&6G8=        
JGG:CIE:G>D9DI=:G8DBEG:=:CH>K:ADHH>C8DB:   S 
BDJCIHG:8A6HH>;>:9;GDB688JBJA6I:9DI=:G
8DBEG:=:CH>K:ADHH>C8DB:C:ID;I6M:H S   
6A6C8:6I&6G8=        
JGG:CIE:G>D9DI=:G8DBEG:=:CH>K:ADHH>C8DB:  S S 
BDJCIHG:8A6HH>;>:9;GDB688JBJA6I:9DI=:G
8DBEG:=:CH>K:ADHHC:ID;I6M:H S   
6A6C8:6I&6G8=    S    
JGG:CIE:G>D9DI=:G8DBEG:=:CH>K:ADHH>C8DB:   S 
BDJCIHG:8A6HH>;>:9;GDB688JBJA6I:9DI=:G
8DBEG:=:CH>K:ADHHC:ID;I6M:H S   
6A6C8:6I&6G8=        
#=B3(B=19<13<B7D3%:/<A
9=1<A!4)6;
-=:DBE:CH6I>DCDBB>II::D;I=:D6G9=6H7GD696JI=DG>INID<G6CI6L6G9H6C9DI=:GL>H:69B>C>HI:GI=:1
BEADN::FJ>IN)A6C-=:EA6C7:86B::;;:8I>K:&6G8=6C9L>AA8DCI>CJ:>C:;;:8I;DG6E:G>D9D;N:6GH
I=:G:6;I:GJCA:HHI:GB>C6I:9:6GA>:G7NI=:D6G9-=:D6G9=6HI=:6JI=DG>INID6B:C9I=:EA6C>CHJ8=G:HE:8IH6H>I
9::BH9:H>G67A:HJ7?:8IID6EEGDK6AD;1THHID8@=DA9:GH;DGB6I:G>6ABD9>;>86I>DCH
+:HIG>8I:9HID8@JC>IH+,.HG:EG:H:CII=:G><=IIDG:8:>K:DC:H=6G:D;18DBBDCHID8@JEDC6;JIJG:H:IIA:B:CI
96I:HJ7?:8IIDK:HI>C<6C9DI=:GI:GBH6C98DC9>I>DCHD;I=:6L6G9EAJH6CN9>K>9:C9:FJ>K6A:CIH688GJ:99JG>C<I=:
6L6G9E:G>D9-=:+,.THK:HIDC:I=>G9G6I67ANDK:G6I=G::N:6GE:G>D9"C<:C:G6A>;I=::BEADN::THHI6IJH6H6;JAAI>B:
:BEADN::>HI:GB>C6I:9EG>DGIDI=:K:HI>C<D;I=:+,.<G6CI>C;JAAI=:CI=:+,.<G6CI>H6JIDB6I>86AAN86C8:A:9DCI=:
I:GB>C6I>DC96I:6C96CNJCK:HI:9H=6G:H6C99>K>9:C9:FJ>K6A:CIH6G:;DG;:>I:9:GI6>C:M:8JI>K:HL:G:6L6G9:9
H:GK>8:76H:986G::GH=6G:+,.H;DGL=>8=I=:H=6G:H6G:H:IIA:9DK:GI=:6CC>K:GH6G>:H;DAADL>C<I=::M:8JI>K:H
H:E6G6I>DC;GDBH:GK>8:6H6;JAAI>B::BEADN::EGDK>9:9I=::M:8JI>K:8DBEA>:HL>I=8:GI6>CCDC8DBE:I>I>DC8DK:C6CIH
9JG>C<I=6IE:G>D9

-=:DBE6CN6AHD<G6CIH),.HL=>8=<:C:G6AANK:HI6II=::C9D;6I=G::N:6GE:G>D9-=:CJB7:GD;),.HI=6I
JAI>B6I:ANK:HI>H9:E:C9:CIJEDCI=:DBE6CNTH68=>:K:B:CID;8:GI6>CHE:8>;>:9;>C6C8>6AE:G;DGB6C8:8G>I:G>6DK:G6
I=G::N:6GE:G>D9";I=:HE:8>;>:9E:G;DGB6C8:8G>I:G>66G:B:I6L6G9H6G:H:IIA:9;DGH=6G:HD;18DBBDCHID8@6C9
9>K>9:C9:FJ>K6A:CIHH=DGIANHJ7H:FJ:CIIDI=::C9D;I=:E:G;DGB6C8:E:G>D9HJ7?:8IID8DCI>CJ:9:BEADNB:CII=GDJ<=
I=:A6HI96ND;I=:I=>G9;>H86AN:6G
16AHD>HHJ:9),.6L6G9HI=6I6G:8DCH>9:G:9ID=6K:6B6G@:I8DC9>I>DC,:IIA:B:CID;H=6G:H;DGI=:H:),.6L6G9H
L>AA7:B69:H=DGIANHJ7H:FJ:CIIDI=::C9D;I=>G9;>H86AN:6GHJ7?:8IID8:GI6>CB6G@:I8DC9>I>DCH6C98DCI>CJ:9
:BEADNB:CII=GDJ<=I=:A6HI96ND;I=:I=>G9;>H86AN:6G
-=:I:GBHD;I=:1>G:8IDGFJ>IN)A6C6AADL1ID<G6CI+,.6L6G9HIDCDC:BEADN::9>G:8IDGHD;1,J8=+,.
6L6G9HK:HI>C;JAA6II=::6GA>:GD;>I=:;>GHI6CC>K:GH6GND;I=:<G6CI96I:DG>>I=:C:MI6CCJ6AB::I>C<96I:6C96G:
6JIDB6I>86AANG:9::B:9;DG18DBBDCHID8@6C99>K>9:C9:FJ>K6A:CIH:>I=:G6II=6II>B:DG>;6C+,.9:;:GG6A:A:8I>DC
;DGB>HHJ7B>II:9JEDCI=:96I:DG:K:CI:A:8I:97NI=:9>G:8IDG>HIG>7JI>DCHB69:JEDC69>G:8IDGTHH:E6G6I>DC;GDBI=:
D6G9B6ND88JG>C:>I=:G6AJBEHJBDG>C6CCJ6A>CHI6AAB:CIHDK:GE:G>D9HD;DGN:6GHE:GI=:9>G:8IDGTH
:A:8I>DC"C699>I>DC+,.HK:HI>C;JAAJEDC68=6C<:>C8DCIGDAD;1
-=:D6G9=6HG:H:GK:9;DG>HHJ6C8:H=6G:HD;18DBBDCHID8@E6GK6AJ:E:GH=6G:JC9:G:68=D;I=:EA6CH
6H9:I6>A:97:ADL
A=4"/@16
'3A3@D324=@
7AAC/<13
D/7:/0:34=@4CBC@3
5@/<BA
1BEADN::FJ>IN)A6C  
1>G:8IDGFJ>IN)A6C  
-DI6 A  
-=:DBE6CNG:8D<C>O:9H=6G:76H:98DBE:CH6I>DC:ME:CH:;DG;>H86A6C96H;DAADLH
7A1/:.3/@A<232
>CB>AA>DCH "/@16 "/@16 "/@16
-DI6AH=6G:76H:98DBE:CH6I>DC8DHI      
+:A6I:9>C8DB:I6M7:C:;>I      
-DI6A>CIG>CH>8K6AJ:D;DEI>DCH:M:G8>H:9  S  S  
-6M7:C:;>IH;GDB:M:G8>H:9HID8@DEI>DCH6C96L6G9H      
HD;&6G8=IDI6AJCG:8D<C>O:98DBE:CH6I>DC:ME:CH:G:A6I:9IDJCK:HI:91+,.H6C9),.HC:ID;
:ME:8I:9;DG;:>IJG:HL6HB>AA>DCG:HE:8I>K:AN-=:JCG:8D<C>O:98DBE:CH6I>DC:ME:CH:;DGJCK:HI:9+,.H6C9
),.H>H:ME:8I:9ID7:G:8D<C>O:9DK:G6L:><=I:96K:G6<:E:G>D9D;N:6GH
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#<7+3 8<176;
-=:DBE6CNTHHID8@DEI>DCHK:HIDC:I=>G96CCJ6AANDC:68=D;I=:;>GHII=G::6CC>K:GH6G>:HD;I=:<G6CI96I:,ID8@
DEI>DCH6G:<:C:G6AAN<G6CI:9;DG6I:GBD;I:CN:6GH"C;DGB6I>DC8DC8:GC>C<HID8@DEI>DCH<G6CI:9JC9:GHID8@>C8:CI>K:
EA6CHL6H6H;DAADLH
#C;03@
=4$>B7=<
(6/@3A
,3756B32
D3@/53
F3@17A3
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,3756B32
D3@/53
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)3@;
55@35/B3
<B@7<A71
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7<;7::7=<A
(JIHI6C9>C<6HD;&6G8=      
G6CI:9 S  S
M:G8>H:9     
6C8:A:9DG;:>I:9 S  S
ME>G:9   
(JIHI6C9>C<6HD;&6G8=      S
G6CI:9 S  S
M:G8>H:9   
6C8:A:9DG;:>I:9 S  S
ME>G:9   
(JIHI6C9>C<6C9:M:G8>H67A:6HD;&6G8=      S
G6CI:9 S  S
M:G8>H:9 S  S
6C8:A:9DG;:>I:9 S  S
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(JIHI6C9>C<6C9:M:G8>H67A:6HD;&6G8=      S
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B:6HJG67A:G:HJAIHL=>A:G:9J8>C<7JH>C:HHG>H@6C9DE:G6I>DC6A8DHIH;DG8JHIDB:GH
-=:DBE6CNH(&JH:HH:<B:CIEGD;>IIDB:6HJG:DE:G6I>DC6AHIG:C<I=6C9E:G;DGB6C8:6HH>HI>C:K6AJ6I>DCD;
JC9:GAN>C<IG:C9H6C96AAD86I:G:HDJG8:HI=GDJ<=E:G>D9>87J9<:I6C9;DG:86HI>C<EGD8:HH:H,:<B:CIEGD;>I>H9:;>C:96H
H:<B:CIG:K:CJ:HA:HH8DHIHD;H:GK>8:HH:AA>C<<:C:G6A6C969B>C>HIG6I>K:9:EG:8>6I>DC6C96BDGI>O6I>DC6C9DI=:G
H:<B:CI>I:BH
-=:DBE6CN6AAD86I:H8:GI6>C8DHIHHJ8=6HG:6A:HI6I:8DHIH>C;DGB6I>DCI:8=CDAD<N8DHIH6C98DHIH;DG8:GI6>CDI=:G
H=6G:98DGEDG6I:;JC8I>DCHID>IH:<B:CIHJH>C<6EGDEDGI>DC6AH=6G:D;:>I=:GG:K:CJ:DG=:698DJCI;DG:68=H:<B:CI
-=:DBE6CN9D:HCDI6AAD86I:ID>IHH:<B:CIH8:GI6>CDE:G6I>C<:ME:CH:HB6C6<:96II=:8DGEDG6I:A:K:A-=:H:
JC6AAD86I:9:ME:CH:H<:C:G6AAN>C8AJ9:8:GI6>C8DGEDG6I:;JC8I>DC8DHIHHID8@76H:98DBE:CH6I>DC:ME:CH:E:CH>DC
6C9()68IJ6G>6A6C9H:IIA:B:CI<6>CH6C9ADHH:HG:HIGJ8IJG>C<8DHIHIG6CH68I>DCH:E6G6I>DC6C9>CI:<G6I>DCG:A6I:9
8DHIH6BDGI>O6I>DCD;68FJ>G:9>CI6C<>7A:6HH:IH>BE6>GB:CIADHH:H<6>CHADHH:HDC9>HEDH>I>DCHD;7JH>C:HH:H<6>CH
ADHH:HDCG:6A:HI6I:6C9;68>A>INH6A:H6C9DI=:G8DHIHI=6I9DCDIG:;A:8IDC<D>C<H:<B:CIDE:G6I>C<E:G;DGB6C8:
#-/5-6<-);=:-;
-=:;DAADL>C<I67A:HJBB6G>O:HDE:G6I>C<G:HJAIHG:<JA6GANEGDK>9:9IDI=:(&7NG:EDGI67A:H:<B:CI6C96
G:8DC8>A>6I>DCIDI=:;>C6C8>6AHI6I:B:CIH
>CB>AA>DCH ( (
)=B/:'3>=@B/0:3
(35;3<BA
7A1/:.3/@<232"/@16
+:K:CJ:H      
DHIHD;H:GK>8:H   
,:AA>C<<:C:G6A6C969B>C>HIG6I>K:   
:EG:8>6I>DC6C96BDGI>O6I>DC   
(I=:GH:<B:CI>I:BH   
,:<B:CI)GD;>I      
7A1/:.3/@<232"/@16
+:K:CJ:H      
DHIHD;H:GK>8:H   
,:AA>C<<:C:G6A6C969B>C>HIG6I>K:   
:EG:8>6I>DC6C96BDGI>O6I>DC   
(I=:GH:<B:CI>I:BH   
,:<B:CI)GD;>I      
7A1/:.3/@<232"/@16
+:K:CJ:H      
DHIHD;H:GK>8:H   
,:AA>C<<:C:G6A6C969B>C>HIG6I>K:   
:EG:8>6I>DC6C96BDGI>O6I>DC   
(I=:GH:<B:CI>I:BH   
,:<B:CI)GD;>I      

 :EG:8>6I>DC6C96BDGI>O6I>DC6HEG:H:CI:9:M8AJ9:H6BDGI>O6I>DCD;68FJ>G:9>CI6C<>7A:6HH:IH
 (I=:GH:<B:CI>I:BH6HEG:H:CI:9>C8AJ9:HCDCH:GK>8:8DHI8DBEDC:CIHD;C:IE:G>D9>8E:CH>DC>C8DB:6C9DI=:GB>H8:AA6C:DJHH:<B:CI
<6>CHADHH:H
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>CB>AA>DCH "/@16 "/@16 "/@16
-DI6AEGD;>I;DGG:EDGI67A:H:<B:CIH      
.C6AAD86I:9:ME:CH:H   
,J7IDI6A      
"CI:G:HI>C8DB:   
"CI:G:HI:ME:CH:   
+:HIGJ8IJG>C<8DHIH   
-G6CH68I>DCH:E6G6I>DC6C9>CI:<G6I>DCG:A6I:98DHIH   
BDGI>O6I>DCD;68FJ>G:9>CI6C<>7A:H   
&:G<:GG:A6I:9>C9:BC>;>86I>DC   
,B6II:G S S 
6>CHDC9>HEDH>I>DCH   
%DHH:H<6>CHDCG:6A:HI6I:6C9;68>A>INH6A:H   
G7>IG6I>DCADHH S S 
"BE6>GB:CIADHH:H   
):CH>DC6C9()68IJ6G>6A6C9H:IIA:B:CI<6>CHADHH:H   
"C8DB:ADHH7:;DG:>C8DB:I6M:H      
&6C6<:B:CI9D:HCDIJH:IDI6A6HH:IH7NH:<B:CIID:K6AJ6I:H:<B:CIE:G;DGB6C8:DG6AAD86I:G:HDJG8:HH6
G:HJAI6HH:IH6G:CDIIG68@:97NH:<B:CI6C9I=:G:;DG:IDI6A6HH:IH7NH:<B:CI6G:CDI9>H8ADH:9
-7/:)801+6.7:5)<176
,::'DI:+:K:CJ:;DGI=:DBE6CNHG:K:CJ:7N<:D<G6E=N
)GDE:GIN6C9:FJ>EB:CIC:IL=>8=>H76H:9DCI=:E=NH>86AAD86I>DCD;I=:6HH:IHL6H6H;DAADLH
A=4
>CB>AA>DCH "/@16 "/@16
.C>I:9,I6I:H    
.C>I:9$>C<9DB  
JHIG6A>6  
(I=:GJGDE:  
(I=:G"CI:GC6I>DC6A  
-DI6A)GDE:GIN6C9FJ>EB:CIC:I    
'DH>C<A:8JHIDB:G:M8::9:9D;I=:DBE6CNTHG:K:CJ:H9JG>C<;>H86A;>H86ADG;>H86A
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7551<5-6<;
-=:DBE6CNH><C:9ADC<I:GBEJG8=6H:6<G::B:CIHL>I=8:GI6>CHD;IL6G:=6G9L6G:I:A:8DBBJC>86I>DC6C9DI=:G
H:GK>8:EGDK>9:GHIDD7I6>C;6KDG67A:EG>8>C<6C9I:GBH;DGH:GK>8:H6C9EGD9J8IHI=6I6G:C:8:HH6GN;DGI=:DE:G6I>DCHD;
7JH>C:HH68I>K>I>:H.C9:GI=:I:GBHD;I=:H:6<G::B:CIHI=:DBE6CN>H8DCIG68IJ6AAN8DBB>II:9IDEJG8=6H:HE:8>;>:9
B>C>BJB6BDJCIHL>I=>C9:;>C:9I>B:E:G>D9H";I=:DBE6CN9D:HCDIB::II=:HE:8>;>:9B>C>BJBHI=:DBE6CN
LDJA9=6K:6CD7A><6I>DCIDE6NI=:H:GK>8:EGDK>9:G6AADG6EDGI>DCD;I=:H=DGI;6AA&>C>BJBEJG8=6H:8DBB>IB:CIH6H
D;&6G8=L:G:6H;DAADLH
7A1/:G3/@ "7<7;C;
%C@16/A3
=;;7B;3<B>CB>AA>DCH
  
 
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 
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-DI6A  
"CI=:CDGB6A8DJGH:D;7JH>C:HHI=:DBE6CNB6NEGDK>9:8:GI6>C8JHIDB:GHL>I=;>C6C8>6AE:G;DGB6C8:<J6G6CI::H
6C96II>B:HE:G;DGB6C8:A:II:GHD;8G:9>IDGHJG:IN7DC9H"C<:C:G6AI=:DBE6CNLDJA9DCAN7:A>67A:;DGI=:6BDJCIH
D;I=:H:<J6G6CI::H>CI=::K:CII=6ICDCE:G;DGB6C8:7NI=:DBE6CNE:GB>IHI:GB>C6I>DCD;I=:G:A6I:98DCIG68I7NI=:
DBE6CNTH8JHIDB:G-=:DBE6CN7:A>:K:H>I>H>C8DBEA>6C8:L>I=>IHE:G;DGB6C8:D7A><6I>DCHJC9:G6AAH:GK>8:
8DCIG68IH;DGL=>8=I=:G:>H6;>C6C8>6AE:G;DGB6C8:<J6G6CI::6C9I=:JAI>B6I:A>67>A>IN>;6CN>C8JGG:9>C8DCC:8I>DCL>I=
I=:H:<J6G6CI::HL>AACDI=6K:6B6I:G>6A69K:GH::;;:8IDC>IH8DCHDA>96I:9G:HJAIHD;DE:G6I>DCHDG;>C6C8>6AEDH>I>DC
-=:DBE6CN6AHDJH:HHI6C97NA:II:GHD;8G:9>I>CA>:JD;86H=IDHJEEDGIK6G>DJHG>H@B6C6<:B:CI>CHJG6C8:EDA>8>:H
-=:H:A:II:GHD;8G:9>IG:EG:H:CI68DCI>C<:CIA>67>A>IN6C9I=:DBE6CNLDJA9DCAN7:A>67A:>;>I9:;6JAIHDC>IHE6NB:CI
D7A><6I>DCHDCI=:H:EDA>8>:H
-=:;DAADL>C<I67A:HJBB6G>O:HI=::ME>G6I>DCD;I=:DBE6CNTH;>C6C8>6A<J6G6CI::H6C9HI6C97NA:II:GHD;8G:9>I
DJIHI6C9>C<6HD;&6G8=
>CB>AA>DCH 7A1/: 7A1/:
7A1/:/<2
)63@3/4B3@ )=B/:A
,JG:IN7DC9H        
%:II:GHD;8G:9>I    
,I6C97NA:II:GHD;8G:9>I    
-DI6AH        
-=:DBE6CN<:C:G6AAN>C9:BC>;>:HA>8:CH::HD;>IHEGDEG>:I6GNHD;IL6G:EGD9J8IH6<6>CHI8A6>BH7GDJ<=I7NI=>G9E6GI>:H
6AA:<>C<>C;G>C<:B:CID;I=:>G>CI:AA:8IJ6AEGDE:GING><=IH>C8AJ9>C<G><=IH>CE6I:CIHL>I=DGL>I=DJI<:D<G6E=>8A>B>I6I>DCH
8DENG><=IHIG69:B6G@H6C9IG69:H:8G:IH1TH>C9:BC>;>86I>DCD;>IHA>8:CH::HG:A6I:HID8DHIH6G>H>C<;GDB8DJGI
6L6G9HC:<DI>6I:9H:IIA:B:CIH6C9I=:G:A6I:9A:<6A6C9>CI:GC6A8DHIHD;I=DH:A>8:CH::H-=:DBE6CNB6>CI6>CHI=:
G><=I6I>IHDLC8DHIIDBD9>;NDGG:EA68:HD;IL6G:>CDG9:GID:A>B>C6I:6CN>C;G>C<:B:CI-=:DBE6CN=6HCDI>C8JGG:9
6CNH><C>;>86CI8DHIHG:A6I:9IDA>8:CH::HD;IL6G:>C9:BC>;>86I>DC
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76<16/-6+1-;
*42DA8C84B$8C860C8>=(CJ<JHI6EJGEDGI:98A6HH68I>DCA6LHJ>IL6H;>A:9>CI=:,JE:G>DGDJGID;I=:,I6I:D;
6A>;DGC>6DJCIND;,6CI6A6G66<6>CHII=:DBE6CN9>G:8IDGHD;I=:DBE6CN6C96;DGB:GD;;>8:GD;I=:DBE6CN
6BDC<DI=:G9:;:C96CIH-=:68I>DC6HH:GIH8A6>BHJC9:G,:8I>DCH6C9D;I=:,:8JG>I>:H8ID;6H
6B:C9:96C9>HEG:B>H:9DC6AA:<:9AN;6AH:6C9DGB>HA:69>C<HI6I:B:CIH6C96AA:<:9CDC9>H8ADHJG:D;B6I:G>6A;68IH
G:<6G9>C<I=:DBE6CNTHEGDHE:8IH6C9:ME:8I:9E:G;DGB6C8:-=:EJI6I>K:8A6HHD;EA6>CI>;;H>C8AJ9:H;DGB:G
H=6G:=DA9:GHD;DBEJI:G,8>:C8:HDGEDG6I>DCU,VL=D:M8=6C<:9I=:>G,H=6G:H;DGI=:DBE6CNTH8DBBDC
HID8@EJGHJ6CIIDI=:D;;:G>C<9D8JB:CIH;>A:9L>I=I=:,:8JG>I>:H6C9M8=6C<:DBB>HH>DC>C8DCC:8I>DCL>I=I=:EG>A
IG6CH68I>DCI=6I;DGB:91
-=:,I6I:D;6A>;DGC>668I>DC=697::CHI6N:9E:C9>C<I=:DJI8DB:D;I=:HJ7HI6CI>6AANH>B>A6G;:9:G6A68I>DC;>A:9>CI=:
.C>I:9,I6I:H>HIG>8IDJGI;DGI=:'DGI=:GC>HIG>8ID;6A>;DGC>6-=:;:9:G6A68I>DCL6H9>HB>HH:9L>I=EG:?J9>8:>C
:8:B7:G-=:G:6;I:GI=:HI6I:8DJGIA>;I:9I=:HI6N6C9:CI:G:96CDG9:GE:GB>II>C<699>I>DC6A7G>:;>C<7NI=:
E6GI>:H"C&6G8=)A6>CI>;;H;>A:96C6B:C9:98DBEA6>CIL=>8=I=:DBE6CNBDK:9ID9>HB>HH"CJ<JHII=:
DJGI<G6CI:9I=:DBE6CNTHBDI>DCID9>HB>HH7JIE:GB>II:9)A6>CI>;;HID6B:C96C9G:;>A:I=:>G8DBEA6>CI"C,:EI:B7:G
)A6>CI>;;H;>A:96H:8DC96B:C9:98DBEA6>CIL=>8=I=:DBE6CNBDK:9ID9>HB>HH"C#6CJ6GNI=:DJGI
>HHJ:96CDG9:G9:CN>C<I=:DBE6CNTHBDI>DCID9>HB>HHI=:H:8DC96B:C9:98DBEA6>CI"C&6G8=I=:DJGI
:CI:G:96H8=:9JA>C<DG9:GH:II>C<6IG>6A96I:;DG,:EI:B7:G-=:IG>6A96I:=6HH>C8:7::C:MI:C9:9ID&6N
"C&6NI=:DJGI:CI:G:96CDG9:G<G6CI>C<)A6>CI>;;HTBDI>DC;DG8A6HH8:GI>;>86I>DC"C#JANCDI>8:L6HEGDK>9:9
IDEDI:CI>6A8A6HHB:B7:GH-=:86H:>HDI=:GL>H:>C9>H8DK:GN
(CJ<JHI6EJGEDGI:98A6HH68I>DCA6LHJ>IL6H;>A:9>CI=:.C>I:9,I6I:H>HIG>8IDJGI;DGI=:6HI:GC>HIG>8ID;
/>G<>C>66<6>CHII=:DBE6CN6C98:GI6>CD;>IH8JGG:CI6C9;DGB:GD;;>8:GH-=:8DBEA6>CI6HH:GIH8A6>BHJC9:G,:8I>DCH
76C96D;I=:,:8JG>I>:HM8=6C<:8ID;6H6B:C9:96C9>HEG:B>H:9DC6AA:<:9AN;6AH:6C9DG
B>HA:69>C<HI6I:B:CIHG:<6G9>C<I=:DBE6CNTHIG6CH;DGB6I>DC?DJGC:N-=:EJI6I>K:8A6HHD;EA6>CI>;;H>C8AJ9:H>CK:HIDGH
L=D68FJ>G:91HID8@9JG>C<I=:E:G>D9D;&6NID&6N"C&6G8=I=:DJGI:CI:G:96CDG9:G
<G6CI>C<I=:DBE6CNTHBDI>DCID9>HB>HHI=:A6LHJ>I6C98ADH>C<I=:86H:"CEG>AI=:9:69A>C:ID;>A:6C6EE:6A
E6HH:96C9CD6EE:6AL6H;>A:9-=:B6II:G>HCDL8ADH:9
;I:GI=:;>A>C<D;I=:J<JHIH:8JG>I>:H8A6HH68I>DC;>K:H=6G:=DA9:G9:G>K6I>K:HJ>IHL:G:;>A:96<6>CHII=:
DBE6CNTHD6G9D;>G:8IDGH6C98:GI6>CD;>IH8JGG:CI6C9;DGB:GD;;>8:GH6AA:<>C<67G:68=D;;>9J8>6GN9JI>:H6G>H>C<
;GDBI=:8A6>BH6HH:GI:9>CI=:J<JHIH:8JG>I>:H8A6HH68I>DC-=G::9:G>K6I>K:HJ>IHL:G:;>A:9>CI=:.C>I:9,I6I:H
>HIG>8IDJGI;DGI=:6HI:GC>HIG>8ID;/>G<>C>66C9ILD9:G>K6I>K:HJ>IHL:G:;>A:9>CI=:>HIG>8IDJGID;I=:,I6I:D;
':K696A6G@DJCINAAD;I=:9:G>K6I>K:HJ>IH=697::CI:BEDG6G>ANHI6N:9E:C9>C<6CDJI8DB:>CI=:J<JHI
H:8JG>I>:H8A6HH68I>DC0>I=I=:H:8JG>I>:H8A6HH68I>DCCDL9>HB>HH:96C9I=:B6II:G8ADH:9I=G::D;I=:;>K:9:G>K6I>K:
HJ>IH=6K:7::CKDAJCI6G>AN9>HB>HH:9>C8AJ9>C<I=:ILD9:G>K6I>K:HJ>IHE:C9>C<>C>HIG>8IDJGID;I=:,I6I:D;':K696
A6G@DJCIN6C9DC:D;I=:9:G>K6I>K:HJ>IHE:C9>C<>CI=:.C>I:9,I6I:H>HIG>8IDJGI;DGI=:6HI:GC>HIG>8ID;/>G<>C>6
-=:DBE6CN>HEJGHJ>C<9>HB>HH6AD;I=:ILDG:B6>C>C<9:G>K6I>K:HJ>IH
-=:DBE6CN7:A>:K:HI=6II=:A6LHJ>IH9:H8G>7:967DK:6G:L>I=DJIB:G>I6C9>CI:C9HIDK><DGDJHAN9:;:C96AA8A6>BH
6HH:GI:9
+0GG0<8=0C8>=B-=:DBE6CN>HJC9:G"+,:M6B>C6I>DC>CI=:.,DC>IH;:9:G6A>C8DB:I6MG:IJGCH;DG8:GI6>C;>H86A
N:6GH6C9>H>C9>H6<G::B:CIL>I=I=:"+,DC8:GI6>CI6MEDH>I>DCHL=>8=6G:8JGG:CIAN7:>C<8DCI:HI:9>CI=:.,-6M
DJGIDGBDG:9:I6>AH::'DI:"C8DB:-6M:H
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+*$8C860C8>="CEG>AI=:DBE6CN;>A:96A6LHJ>I6<6>CHI-6I6DCHJAI6C8N,:GK>8:H%>B>I:9-,6C9-6I6
B:G>86"CI:GC6I>DC6ADGEDG6I>DC6AA:<>C<B>H6EEGDEG>6I>DCD;8:GI6>CD;I=:DBE6CNTHIG69:H:8G:IH"C'DK:B7:G
6IG>6AL6H=:A9>CI=:.C>I:9,I6I:H>HIG>8IDJGI;DGI=:'DGI=:GC>HIG>8ID;-:M6H6C96?JGN;DJC9-,A>67A:;DG
B>H6EEGDEG>6I>C<I=:DBE6CNTHIG69:H:8G:IH6C96L6G9:9I=:DBE6CNB>AA>DC>C8DBE:CH6IDGN96B6<:H6C9
B>AA>DC>CEJC>I>K:96B6<:H;DG6IDI6A6L6G9D;B>AA>DC"C#JC:I=:DJGI:CI:G:96;>C6ADG9:G>CI=:
86H:6;;>GB>C<I=:?JGNTHK:G9>8I>CI=:DBE6CNTH;6KDG6C9G:K>H>C<I=:BDC:I6GN6L6G9IDB>AA>DC>C8DBE:CH6IDGN
96B6<:H6C9B>AA>DC>CEJC>I>K:96B6<:H-=:DJGI6AHD6L6G9:9I=:DBE6CNB>AA>DC>CEG:?J9<B:CI>CI:G:HI
EDHI?J9<B:CI>CI:G:HI6I6C6CCJ6AG6I:D;6C9>IH6IIDGC:NTH;::H6C98DHIH>C6C6BDJCIID7:9:I:GB>C:9>C6
A6I:GDG9:G-=:IDI6A6L6G9IDI=:DBE6CN>HB>AA>DCEAJH>IH6IIDGC:NTH;::H6C98DHIH-=:DJGI6AHD>HHJ:96
E:GB6C:CI>C?JC8I>DC:C?D>C>C<-,;GDB6BDC<DI=:GI=>C<HEDHH:HH>C<688:HH>C<DGJH>C<6CND;I=:DBE6CNTH
IG69:H:8G:IHI=6IL:G:6I>HHJ:>CI=:86H:6C96EED>CI>C<6BDC>IDGID8DC;>GB6BDC<DI=:GI=>C<HI=6I-,9D:HCDI
9DHD
"CJ<JHI-,;>A:96'DI>8:D;EE:6AIDI=:.,DJGID;EE:6AH;DGI=:>;I=>G8J>I"CEG>AI=:DJGID;
EE:6AH=:6G9DG6A6G<JB:CIDCI=:6EE:6A9:8>H>DC;GDBI=:DJGID;EE:6AH>HE:C9>C<
-=:DBE6CN=6HCDIG:8D<C>O:96CNEDGI>DCD;I=:6L6G9>C>IH;>C6C8>6AHI6I:B:CIH6C9L>AA8DCI>CJ:IDBDC>IDGI=:
EGD<G:HHD;I=:86H:
"C699>I>DCIDI=:B6II:GHCDI:967DK:I=:DBE6CN>H8JGG:CIANHJ7?:8I>CI=:CDGB6A8DJGH:D;7JH>C:HHIDK6G>DJH
8A6>BH6C98DCI>C<:C8>:H6G>H>C<;GDB6BDC<DI=:GI=>C<H9>HEJI:HL>I=8JHIDB:GHK:C9DGH:BEADN::H8DCIG68I
8DJCI:GE6GI>:H6C9DI=:GE6GI>:H6HL:AA6HH:8JG>I>:HB6II:GH:CK>GDCB:CI6AB6II:GHB6II:GH8DC8:GC>C<I=:A>8:CH>C<
6C9JH:D;>CI:AA:8IJ6AEGDE:GIN6C9>CFJ>G>:H6C9>CK:HI><6I>DCH7NG:<JA6IDGN6JI=DG>I>:H6C9<DK:GCB:CI6<:C8>:H,DB:
D;I=:H:9>HEJI:H>CKDAK:DGB6N>CKDAK:A>I><6I>DC-=:;>C6C8>6AHI6I:B:CIHG:;A:8II=:IG:6IB:CID;8A6>BH6C9
8DCI>C<:C8>:H76H:9DCB6C6<:B:CITHK>:LD;I=::ME:8I:9DJI8DB:18DCHJAIHL>I=DJIH>9:A:<6A8DJCH:ADC>HHJ:H
G:A6I:9IDA>I><6I>DC6C9G:<JA6IDGN8DBEA>6C8:6C9H::@H>CEJI;GDBDI=:G:ME:GIH6C969K>HDGHL>I=G:HE:8IIDB6II:GH>C
I=:DG9>C6GN8DJGH:D;7JH>C:HHAI=DJ<=I=:DJI8DB:D;I=:H:6C9DI=:GB6II:GH86CCDI7:EG:9>8I:9L>I=8:GI6>CIN6C9
I=:>BE68ID;I=:;>C6AG:HDAJI>DCD;I=:H:6C9DI=:GB6II:GHDCI=:DBE6CNTHG:HJAIHD;DE:G6I>DCH>C6E6GI>8JA6G
HJ7H:FJ:CIG:EDGI>C<E:G>D98DJA97:B6I:G>6A6C969K:GH:B6C6<:B:CI9D:HCDI7:A>:K:76H:9DC>C;DGB6I>DC8JGG:CIAN
6K6>A67A:IDI=:DBE6CNI=6II=:G:HDAJI>DCD;6CND;I=:B6II:GH8JGG:CIANE:C9>C<6<6>CHII=:DBE6CNL>AA=6K:6
B6I:G>6A69K:GH::;;:8IDCI=:;>C6C8>6AEDH>I>DCD;I=:DBE6CNDGI=:67>A>IND;I=:DBE6CNIDB::I>IH;>C6C8>6A
D7A><6I>DCH6HI=:N7:8DB:9J:.CA:HHDI=:GL>H:CDI:9I=:DBE6CN>HJC67A:ID9:I:GB>C:6II=>HI>B:6G:6HDC67A:
:HI>B6I:D;6EDHH>7A:ADHHDGG6C<:D;ADHH:H6HHD8>6I:9L>I=I=:;DG:<D>C<9>H8ADH:98DCI>C<:CIB6II:GH
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(JGB6C6<:B:CIJC9:GI=:HJE:GK>H>DC6C9L>I=I=:E6GI>8>E6I>DCD;DJG=>:;M:8JI>K:(;;>8:G6C9=>:;>C6C8>6A
(;;>8:G:K6AJ6I:96HD;I=::C9D;I=:E:G>D98DK:G:97NI=>HCCJ6A+:EDGIDCDGB$I=::;;:8I>K:C:HHD;I=:9:H><C
6C9DE:G6I>DCD;DJG9>H8ADHJG:8DCIGDAH6C9EGD8:9JG:H6H9:;>C:9>C+JA:H6:6C99:JC9:GI=:
,:8JG>I>:HM8=6C<:8ID;6H6B:C9:96HD;I=::C9D;I=:E:G>D98DK:G:97NI=>HG:EDGIID:CHJG:I=6I
>C;DGB6I>DCG:FJ>G:9ID7:9>H8ADH:97NJH>CI=:,G:EDGIH>>HG:8DG9:9EGD8:HH:9HJBB6G>O:96C9G:EDGI:9L>I=>C
I=:I>B:E:G>D9HHE:8>;>:9>CI=:,HGJA:H6C9;DGBH6C9>>>H688JBJA6I:96C98DBBJC>86I:9IDDJGB6C6<:B:CI
>C8AJ9>C<I=:EG>C8>E6A:M:8JI>K:6C9EG>C8>E6A;>C6C8>6AD;;>8:GHDGE:GHDCHE:G;DGB>C<H>B>A6G;JC8I>DCH6H6EEGDEG>6I:ID
6AADLI>B:AN9:8>H>DCHG:<6G9>C<G:FJ>G:99>H8ADHJG:
6H:9DCI=>H:K6AJ6I>DCI=:=>:;M:8JI>K:(;;>8:G6C9=>:;>C6C8>6A(;;>8:G=6K:8DC8AJ9:9I=6I1H9>H8ADHJG:
8DCIGDAH6C9EGD8:9JG:HL:G::;;:8I>K:6HD;I=::C9D;I=:E:G>D98DK:G:97NI=>HG:EDGI
"/</53;3<BJA'3>=@B=<<B3@</:=<B@=:=D3@7</<17/:'3>=@B7<5
(JGB6C6<:B:CI>HG:HEDCH>7A:;DG:HI67A>H=>C<6C9B6>CI6>C>C<69:FJ6I:>CI:GC6A8DCIGDADK:G;>C6C8>6AG:EDGI>C<
"CI:GC6A8DCIGDADK:G;>C6C8>6AG:EDGI>C<>H6EGD8:HH9:H><C:9IDEGDK>9:G:6HDC67A:6HHJG6C8:G:<6G9>C<I=:G:A>67>A>IND;
;>C6C8>6AG:EDGI>C<6C9I=:EG:E6G6I>DCD;;>C6C8>6AHI6I:B:CIH;DG:MI:GC6AG:EDGI>C<EJGEDH:H>C688DG96C8:L>I=
688DJCI>C<EG>C8>EA:H<:C:G6AAN688:EI:9>CI=:.C>I:9,I6I:HD;B:G>86., )
(JG>CI:GC6A8DCIGDADK:G;>C6C8>6AG:EDGI>C<>C8AJ9:HEDA>8>:H6C9EGD8:9JG:HI=6I>E:GI6>CIDI=:B6>CI:C6C8:D;G:8DG9H
I=6I>CG:6HDC67A:9:I6>A688JG6I:AN6C9;6>GANG:;A:8IIG6CH68I>DCH6C99>HEDH>I>DCHD;6HH:IH>>EGDK>9:G:6HDC67A:
6HHJG6C8:I=6IIG6CH68I>DCH6G:G:8DG9:96HC:8:HH6GNIDE:GB>IEG:E6G6I>DCD;;>C6C8>6AHI6I:B:CIH>C688DG96C8:L>I=
., )6C9I=6IG:8:>EIH6C9:ME:C9>IJG:HD;16G:7:>C<B69:DCAN>C688DG96C8:L>I=6JI=DG>O6I>DCD;
B6C6<:B:CI6C9I=:9>G:8IDGHD;16C9>>>EGDK>9:G:6HDC67A:6HHJG6C8:G:<6G9>C<EG:K:CI>DCDGI>B:AN9:I:8I>DCD;
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,E>CD"C8CDL@CDLC6H1-:8=CDAD<NDBE6CN>C8DGEDG6I:97NG:;:G:C8:IDM=>7>IID!:LA:II)68@6G9
CI:GEG>H:DBE6CNHJGG:CI+:EDGIDCDGB$;>A:9&6N;>A:CD

>GHIB:C9B:CIIDI=:,:E6G6I>DC6C9>HIG>7JI>DC<G::B:CI96I:9'DK:B7:G7N6C97:IL::C!:LA:II
)68@6G9CI:GEG>H:DBE6CN6C9K:G:II,E>CD"C8CDL@CDLC6H1-:8=CDAD<NDBE6CN>C8DGEDG6I:97N
G:;:G:C8:IDM=>7>IID!:LA:II)68@6G9CI:GEG>H:DBE6CNHJGG:CI+:EDGIDCDGB$;>A:9'DK:B7:G
;>A:CD

,:8DC9B:C9B:CIIDI=:,:E6G6I>DC6C9>HIG>7JI>DC<G::B:CI96I:9:8:B7:G7N6C97:IL::C!:LA:II
)68@6G9CI:GEG>H:DBE6CN6C9K:G:II,E>CD"C8CDL@CDLC6H1-:8=CDAD<NDBE6CN>C8DGEDG6I:97N
G:;:G:C8:IDM=>7>IIDK:G:II,E>CD"C8HB:C9B:CI'DIDDGB;>A:9:8:B7:G;>A:CD


-=>G9B:C9B:CIIDI=:,:E6G6I>DC6C9>HIG>7JI>DC<G::B:CI96I:9#6CJ6GN7N6C97:IL::C!:LA:II)68@6G9
CI:GEG>H:DBE6CN6C9K:G:II,E>CD"C8CDL@CDLC6H1-:8=CDAD<NDBE6CN>C8DGEDG6I:97NG:;:G:C8:ID
M=>7>IIDK:G:II,E>CD"C8HDGB;>A:9:7GJ6GN;>A:CD

DJGI=B:C9B:CIIDI=:,:E6G6I>DC6C9>HIG>7JI>DC<G::B:CI96I:9&6G8=7N6C97:IL::C!:LA:II)68@6G9
CI:GEG>H:DBE6CN6C9K:G:II,E>CD"C8CDL@CDLC6H1-:8=CDAD<NDBE6CN>C8DGEDG6I:97NG:;:G:C8:ID
M=>7>IID1-:8=CDAD<NDBE6CNHJGG:CI+:EDGIDCDGB$;>A:9EG>A;>A:CD

-6M&6II:GH<G::B:CI96I:96HD;&6G8=7N6C96BDC<I=:DBEJI:G,8>:C8:HDGEDG6I>DC!:LA:II)68@6G9
CI:GEG>H:DBE6CN6C9K:G:II,E>CD"C8CDL@CDLC6H1-:8=CDAD<NDBE6CN>C8DGEDG6I:97NG:;:G:C8:ID
M=>7>IID1-:8=CDAD<NDBE6CNHJGG:CI+:EDGIDCDGB$;>A:9EG>A;>A:CD

,:E6G6I>DC6C9>HIG>7JI>DC<G::B:CI96I:96HD;&6N7N6C97:IL::C1-:8=CDAD<NDBE6CN6C9
):GHE:8I6"C8>C8DGEDG6I:97NG:;:G:C8:IDM=>7>IID1-:8=CDAD<NDBE6CNHJGG:CI+:EDGIDCDGB$;>A:9
#JC:;>A:CD

-6M&6II:GH<G::B:CI96I:96HD;&6N7N6C97:IL::C1-:8=CDAD<NDBE6CN6C9):GHE:8I6"C8
>C8DGEDG6I:97NG:;:G:C8:IDM=>7>IID1-:8=CDAD<NDBE6CNHJGG:CI+:EDGIDCDGB$;>A:9#JC:
;>A:CD

GI>8A:HD;"C8DGEDG6I>DCD;1-:8=CDAD<NDBE6CN6H;>A:9L>I=I=:,:8G:I6GND;,I6I:D;I=:,I6I:D;':K696DC&6G8=
>C8DGEDG6I:97NG:;:G:C8:IDM=>7>IID1-:8=CDAD<NDBE6CNHJGG:CI+:EDGIDCDGB$;>A:9EG>A
;>A:CD

B:C9:96C9+:HI6I:9NA6LHD;1-:8=CDAD<NDBE6CN:;;:8I>K:'DK:B7:G>C8DGEDG6I:97NG:;:G:C8:ID
M=>7>IID1-:8=CDAD<NDBE6CNH*J6GI:GAN+:EDGIDCDGB*;DGI=:FJ6GI:G:C9:9,:EI:B7:G;>A:9
'DK:B7:G;>A:CD

6H:"C9:CIJG:96I:96HD;&6G8=7:IL::CK:G:II,E>CD"C8CDL@CDLC6H1-:8=CDAD<NDBE6CN
6C9.,6C@'6I>DC6AHHD8>6I>DC6HIGJHI::>C8DGEDG6I:97NG:;:G:C8:IDM=>7>IID1-:8=CDAD<NDBE6CNH
DGB$;>A:9&6G8=;>A:CD


,:K:CI=,JEEA:B:CI6A"C9:CIJG:96I:9,:EI:B7:G6BDC<1-:8=CDAD<NDBE6CN.,6C@'6I>DC6A
HHD8>6I>DC6HIGJHI::6C9A6KDC>C6C8>6A,:GK>8:H.$G6C8=6HE6N>C<6<:CI>C8DGEDG6I:97NG:;:G:C8:ID
M=>7>IID1-:8=CDAD<NDBE6CNTHJGG:CI+:EDGIDCDGB$;>A:9,:EI:B7:G;>A:CD
 DGBD;1-:8=CDAD<NDBE6CNTH,:C>DG'DI:H9J:>C8DGEDG6I:97NG:;:G:C8:IDM=>7>IID1
-:8=CDAD<NDBE6CNTHJGG:CI+:EDGIDCDGB$;>A:9,:EI:B7:G;>A:CD

'>CI=,JEEA:B:CI6A"C9:CIJG:96I:9,:EI:B7:G7:IL::C1-:8=CDAD<NDBE6CN6C9.,6C@'6I>DC6A
HHD8>6I>DC6HIGJHI::>C8DGEDG6I:97NG:;:G:C8:IDM=>7>IID1-:8=CDAD<NDBE6CNHDGB$,:EI:B7:G
;>A:CD
 DGBD;1-:8=CDAD<NDBE6CNTH,:C>DG'DI:H9J:>C8DGEDG6I:97NG:;:G:C8:IDM=>7>IID1
-:8=CDAD<NDBE6CNHDGB$,:EI:B7:G;>A:CD
 DGBD;1-:8=CDAD<NDBE6CNTH,:C>DG'DI:H9J:>C8DGEDG6I:97NG:;:G:C8:IDM=>7>IID1
-:8=CDAD<NDBE6CNHDGB$,:EI:B7:G;>A:CD

"C9:CIJG:96I:9,:EI:B7:G7N6C96BDC<16E>I6AJC9>C<6H>HHJ:G1-:8=CDAD<NDBE6CN6C9
1%JM:B7DJG<"CI:GC6I>DC6A,QGA6H<J6G6CIDGH.,6C@'6I>DC6AHHD8>6I>DC6HIGJHI::6C9A6KDC>C6C8>6A
,:GK>8:H6HE6N>C<6<:CI>C8DGEDG6I:97NG:;:G:C8:IDM=>7>IID1-:8=CDAD<NDBE6CNHDGB$
,:EI:B7:G;>A:CD

>GHI,JEEA:B:CI6A"C9:CIJG:96I:9,:EI:B7:G7N6C96BDC<16E>I6AJC9>C<6H>HHJ:G6C9.,
6C@-GJHIDBE6CN'6I>DC6AHHD8>6I>DC6HHJ88:HHDGID.,6C@'6I>DC6AHHD8>6I>DC6HIGJHI::IG6CH;:G6<:CI6C9
G:<>HIG6G>C8DGEDG6I:97NG:;:G:C8:IDM=>7>IID1-:8=CDAD<NDBE6CNH*J6GI:GAN+:EDGIDCDGB*;DGI=:
FJ6GI:G:C9:9,:EI:B7:G;>A:9'DK:B7:G;>A:CD
 DGBD;16E>I6AJC9>C<TH,:C>DG'DI:H9J:>C8DGEDG6I:97NG:;:G:C8:IDM=>7>IID1
-:8=CDAD<NDBE6CNHDGB$,:EI:B7:G;>A:CD
 DGBD;16E>I6AJC9>C<TH,:C>DG'DI:H9J:>C8DGEDG6I:97NG:;:G:C8:IDM=>7>IID1
-:8=CDAD<NDBE6CNHDGB$,:EI:B7:G;>A:CD
 :H8G>EI>DCD;,:8JG>I>:H>C8DGEDG6I:97NG:;:G:C8:IDM=>7>IID1-:8=CDAD<NDBE6CNHCCJ6A+:EDGIDCDGB
$;>A:9&6N;>A:CD

+:KDAK>C<G:9>I<G::B:CI96I:9'DK:B7:G6BDC<1-:8=CDAD<NDBE6CNI=:;>C6C8>6A>CHI>IJI>DCHA>HI:9
I=:G:>C6C9>I>76C@'6H9B>C>HIG6I>K:<:CI>C8DGEDG6I:97NG:;:G:C8:IDM=>7>IID1-:8=CDAD<N
DBE6CNH*J6GI:GAN+:EDGIDCDGB*;DGI=:FJ6GI:G:C9:9,:EI:B7:G;>A:9'DK:B7:G;>A:CD


>GHI"C8G:B:CI6AHHJBEI>DC<G::B:CI96I:96HD;'DK:B7:GL=>8=HJEEA:B:CIHI=6I8:GI6>C+:KDAK>C<G:9>I
<G::B:CI96I:96HD;'DK:B7:G6BDC<1-:8=CDAD<NDBE6CNI=:A:C9:GH;GDBI>B:IDI>B:E6GINI=:G:ID
6C9>I>76C@'6H69B>C>HIG6I>K:6<:CI>C8DGEDG6I:97NG:;:G:C8:IDM=>7>IID1-:8=CDAD<NDBE6CNH
*J6GI:GAN+:EDGIDCDGB*;DGI=:FJ6GI:G:C9:9,:EI:B7:G;>A:9'DK:B7:G;>A:CD

:6A:G<G::B:CI96I:9#JAN7N6C97:IL::C,6E>I6AJC9>C<%>B>I:96H>HHJ:GDBEJI:G,8>:C8:H
DGEDG6I>DC6H<J6G6CIDG>I>76C@"CI:GC6I>DC6A%>B>I:96H6GG6C<:G6C9I=:;>C6C8>6A>CHI>IJI>DCHA>HI:9I=:G:>C6H9:6A:GH
>C8DGEDG6I:97NG:;:G:C8:IDM=>7>IIDDBEJI:G,8>:C8:HDGEDG6I>DCTHJGG:CI+:EDGIDCDGB$;>A:9#JAN
;>A:CD

B:C9B:CI'D96I:9EG>AIDI=::6A:G<G::B:CI96I:9#JAN7N6C97:IL::C16E>I6A
JC9>C<%>B>I:96H"HHJ:G1-:8=CDAD<NDBE6CN6H J6G6CIDG>I>76C@JGDE:)%.$G6C8=6HGG6C<:G6C9
I=:;>C6C8>6A>CHI>IJI>DCHA>HI:9I=:G:>C6H:6A:GH>C8DGEDG6I:97NG:;:G:C8:IDM=>7>IID1-:8=CDAD<N
DBE6CNHCCJ6A+:EDGIDCDGB$;>A:9&6N;>A:CD

)JG8=6H:6C9,6A:<G::B:CI96I:96HD;:8:B7:G6BDC<DBEJI:G,8>:C8:HDGEDG6I>DC6HDCIG>7JI>C<
(G><>C6IDG6C9,:GK>8:GAA>6C8:(C:,:GK>8:H"C8,<>A>IN)A6I;DGB"C8,DCHJAI>C<"C8,N7:GI:@
DGEDG6I>DC&NC9DGEDG6I>DC6C9),D;IL6G:,:GK>8:H%%6H(G><>C6IDGH6C9,+:8:>K67A:H%%6HJN:G
>C8DGEDG6I:97NG:;:G:C8:IDM=>7>IIDDBEJI:G,8>:C8:HDGEDG6I>DCHJGG:CI+:EDGIDCDGB$;>A:9
:8:B7:G;>A:CD

>GHIB:C9B:CIIDI=:)JG8=6H:6C9,6A:<G::B:CI96I:96HD;J<JHI6BDC<DBEJI:G,8>:C8:H
DGEDG6I>DC6HDCIG>7JI>C<(G><>C6IDG6C9,:GK>8:GAA>6C8:(C:,:GK>8:H"C8,<>A>IN)A6I;DGB"C8,
DCHJAI>C<"C8,N7:GI:@DGEDG6I>DC&NC9DGEDG6I>DC1-:8=CDAD<N,:GK>8:H%%6C9),D;IL6G:
,:GK>8:H%%6H(G><>C6IDGH6C9,+:8:>K67A:H%%6HJN:G>C8DGEDG6I:97NG:;:G:C8:IDM=>7>IID1
-:8=CDAD<NDBE6CNTHJGG:CI+:EDGIDCDGB$;>A:9J<JHI;>A:CD

,:8DC9B:C9B:CIIDI=:)JG8=6H:6C9,6A:<G::B:CI96I:96HD;,:EI:B7:G6BDC<DBEJI:G,8>:C8:H
DGEDG6I>DC6HM>I>C<(G><>C6IDG6C9M>I>C<,:GK>8:GAA>6C8:(C:,:GK>8:H"C8,<>A>IN)A6I;DGB"C8,
DCHJAI>C<"C8,N7:GI:@DGEDG6I>DC&NC9DGEDG6I>DC6C9),D;IL6G:,:GK>8:H%%6HM>I>C<(G><>C6IDGH
1-:8=CDAD<N,:GK>8:H%%6H(G><>C6IDG1-:8=CDAD<NDBE6CN6H,:GK>8:G6C91+:8:>K67A:H%%;@6
,+:8:>K67A:H%%6HJN:G>C8DGEDG6I:97NG:;:G:C8:IDM=>7>IID1-:8=CDAD<NDBE6CNTHJGG:CI+:EDGI
DCDGB$;>A:9,:EI:B7:G;>A:CD

-=>G9B:C9B:CIIDI=:)JG8=6H:6C9,6A:<G::B:CI96I:96HD;J<JHI6BDC<1-:8=CDAD<NDBE6CN
6H,:GK>8:G1-:8=CDAD<N,:GK>8:H%%6HM>HI>C<(G><>C6IDGAA>6C8:(C:,:GK>8:H"C8DBEJI:G,8>:C8:H
DGEDG6I>DC,DCHJAI>C<"C8,N7:GI:@DGEDG6I>DC&NC9DGEDG6I>DC6C9),D;IL6G:,:GK>8:H%%6H
':L(G><>C6IDGH6C91+:8:>K67A:H%%;@6,+:8:>K67A:H%%6HJN:G>C8DGEDG6I:97NG:;:G:C8:IDM=>7>I
ID1-:8=CDAD<NDBE6CNTH*J6GI:GAN+:EDGIDCDGB*;>A:9'DK:B7:G;>A:CD


DJGI=B:C9B:CIIDI=:)JG8=6H:6C9,6A:<G::B:CI96I:96HD;'DK:B7:G6BDC<1-:8=CDAD<N
DBE6CN6H,:GK>8:G1-:8=CDAD<N,:GK>8:H%%AA>6C8:(C:,:GK>8:H"C8DBEJI:G,8>:C8:HDGEDG6I>DC,
DCHJAI>C<"C8,N7:GI:@DGEDG6I>DC&NC9DGEDG6I>DC6C9),D;IL6G:,:GK>8:H%%6HM>HI>C<(G><>C6IDGH
,)J:GID+>8D%%,DK6CHNHDGEDG6I>DC6C9-G>7G>9<:!DA9>C<H%%6H':L(G><>C6IDGH6C91
+:8:>K67A:H%%;@6,+:8:>K67A:H%%6HJN:G>C8DGEDG6I:97NG:;:G:C8:IDM=>7>IID1-:8=CDAD<N
DBE6CNTH*J6GI:GAN+:EDGIDCDGB*;>A:9:7GJ6GN;>A:CD

>;I=B:C9B:CIIDI=:)JG8=6H:6C9,6A:<G::B:CI96I:96HD;&6N6BDC<1-:8=CDAD<NDBE6CN6H
,:GK>8:G1&,%%6H:M>I>C<(G><>C6IDG1+:8:>K67A:H%%;@6,+:8:>K67A:H%%6HJN:G6C9I=:K6G>DJH
E6GI>:HA>HI:96HG:B6>C>C<(G><>C6IDGH>C8DGEDG6I:97NG:;:G:C8:IDM=>7>IID1-:8=CDAD<NDBE6CNTH*J6GI:GAN
+:EDGIDCDGB*;>A:9J<JHI;>A:CD

,>MI=B:C9B:CIIDI=:)JG8=6H:6C9,6A:<G::B:CI96I:96HD;J<JHI6BDC<1-:8=CDAD<NDBE6CN
6H,:GK>8:G),D;IL6G:,:GK>8:H%%6H:M>I>C<(G><>C6IDG1+:8:>K67A:H%%;@6,+:8:>K67A:H%%6H
JN:G6C9I=:K6G>DJHE6GI>:HA>HI:96HG:B6>C>C<(G><>C6IDGH>C8DGEDG6I:97NG:;:G:C8:IDM=>7>IID1-:8=CDAD<N
DBE6CNTH*J6GI:GAN+:EDGIDCDGB*;>A:9'DK:B7:G;>A:CD
4
,:K:CI=B:C9B:CIIDI=:)JG8=6H:6C9,6A:<G::B:CI96I:96HD;#JAN6BDC<1-:8=CDAD<NDBE6CN
6H,:GK>8:G1+:8:>K67A:H%%;@6,+:8:>K67A:H%%6HJN:G6C9I=:K6G>DJHE6GI>:HA>HI:96H(G><>C6IDGH
>C8DGEDG6I:97NG:;:G:C8:IDM=>7>IID1-:8=CDAD<NDBE6CNH*J6GI:GAN+:EDGIDCDGB*;DGI=:FJ6GI:G
:C9:9#JC:;>A:9J<JHI;>A:CD

+:8:>K67A:H)JG8=6H:<G::B:CI96I:96HD;:8:B7:G6BDC<DBEJI:G,8>:C8:HDGEDG6I>DC6H,:GK>8:G
,+:8:>K67A:H%%6H,:AA:GI=:E:GHDCH;GDBI>B:IDI>B:E6GINI=:G:ID6H)JG8=6H:GH6C9<GDJE6<:CIH)'6C@
'6I>DC6AHHD8>6I>DC6H9B>C>HIG6I>K:<:CI6C9)'6E>I6A&6G@:IH%%6H,IGJ8IJG>C<<:CI>C8DGEDG6I:97N
G:;:G:C8:IDM=>7>IIDDBEJI:G,8>:C8:HDGEDG6I>DCTHJGG:CI+:EDGIDCDGB$;>A:9:8:B7:G;>A:
CD

-=>G9B:C9B:CIIDI=:+:8:>K67A:H)JG8=6H:<G::B:CI96I:96HD;J<JHI6BDC<DBEJI:G,8>:C8:H
DGEDG6I>DC6H,:GK>8:G,+:8:>K67A:H%%6HH:AA:GI=:E:GHDCH;GDBI>B:IDI>B:E6GINI=:G:ID6H)JG8=6H:GH6C9
<GDJE6<:CIH6C9)'6C@'6I>DC6AHHD8>6I>DC6H9B>C>HIG6I>K:<:CI>C8DGEDG6I:97NG:;:G:C8:IDM=>7>IID
1-:8=CDAD<NDBE6CNTHJGG:CI+:EDGIDCDGB$;>A:9J<JHI;>A:CD

DJGI=B:C9B:CIIDI=:+:8:>K67A:H)JG8=6H:<G::B:CI96I:96HD;,:EI:B7:G6BDC<DBEJI:G,8>:C8:H
DGEDG6I>DC6HM>I>C<,:GK>8:G1+:8:>K67A:H%%;@6,+:8:>K67A:H%%6HH:AA:G1-:8=CDAD<N
DBE6CN6H,:GK>8:GI=:E:GHDCH;GDBI>B:IDI>B:E6GINI=:G:ID6H)JG8=6H:GH6C9<GDJE6<:CIH6C9)'6C@
'6I>DC6AHHD8>6I>DC6H9B>C>HIG6I>K:<:CI>C8DGEDG6I:97NG:;:G:C8:IDM=>7>IID1-:8=CDAD<NDBE6CNTH
JGG:CI+:EDGIDCDGB$;>A:9,:EI:B7:G;>A:CD

,>MI=B:C9B:CIIDI=:+:8:>K67A:H)JG8=6H:<G::B:CI96I:96HD;J<JHI6BDC<1+:8:>K67A:H%%;
@6,+:8:>K67A:H%%6H,:AA:G1-:8=CDAD<NDBE6CN6H,:GK>8:G)'6C@'6I>DC6AHHD8>6I>DC6H
9B>C>HIG6I>K:<:CI6C9I=:E:GHDCH;GDBI>B:IDI>B:E6GINI=:G:ID6H)JG8=6H:GH6C9 GDJE<:CIH>C8DGEDG6I:97N
G:;:G:C8:IDM=>7>IID1-:8=CDAD<NDBE6CNTH*J6GI:GAN+:EDGIDCDGB*;>A:9'DK:B7:G;>A:
CD

,:K:CI=B:C9B:CIIDI=:+:8:>K67A:H)JG8=6H:<G::B:CI96I:96HD;'DK:B7:G6BDC<1+:8:>K67A:H
%%;@6,+:8:>K67A:H%%6H,:AA:G1-:8=CDAD<NDBE6CN6H,:GK>8:G)'6C@'6I>DC6AHHD8>6I>DC6H
9B>C>HIG6I>K:<:CI6C9I=:E:GHDCH;GDBI>B:IDI>B:E6GINI=:G:ID6H)JG8=6H:GH6C9 GDJE<:CIH>C8DGEDG6I:97N
G:;:G:C8:IDM=>7>IID1-:8=CDAD<NDBE6CNTH*J6GI:GAN+:EDGIDCDGB*;>A:9:7GJ6GN;>A:CD


><=I=B:C9B:CIIDI=:+:8:>K67A:H)JG8=6H:<G::B:CI96I:96HD;:7GJ6GN6BDC<1+:8:>K67A:H%%
;@6,+:8:>K67A:H%%6H,:AA:G1-:8=CDAD<NDBE6CN6H,:GK>8:G)'6C@'6I>DC6AHHD8>6I>DC6H
9B>C>HIG6I>K:<:CI6C9I=:E:GHDCH;GDBI>B:IDI>B:E6GINI=:G:ID6H)JG8=6H:GH6C9 GDJE<:CIH>C8DGEDG6I:97N
G:;:G:C8:IDM=>7>IID1-:8=CDAD<NDBE6CNTHCCJ6A+:EDGIDCDGB$;>A:9#JC:;>A:CD


'>CI=B:C9B:CIIDI=:+:8:>K67A:H)JG8=6H:<G::B:CI96I:96HD;&6N6BDC<1+:8:>K67A:H%%;@6
,+:8:>K67A:H%%6H,:AA:G1-:8=CDAD<NDBE6CN6H,:GK>8:G)'6C@'6I>DC6AHHD8>6I>DC6H
9B>C>HIG6I>K:<:CI6C9I=:E:GHDCH;GDBI>B:IDI>B:E6GINI=:G:ID6H)JG8=6H:GH6C9 GDJE<:CIH>C8DGEDG6I:97N
G:;:G:C8:IDM=>7>IID1-:8=CDAD<NDBE6CNTH*J6GI:GAN+:EDGIDCDGB*;>A:9J<JHI;>A:CD


-:CI=B:C9B:CIIDI=:+:8:>K67A:H)JG8=6H:<G::B:CI96I:96HD;J<JHI6BDC<1+:8:>K67A:H%%;@
6,+:8:>K67A:H%%6H,:AA:G1-:8=CDAD<NDBE6CN6H,:GK>8:G)'6C@'6I>DC6AHHD8>6I>DC6H
9B>C>HIG6I>K:<:CI6C9I=:E:GHDCH;GDBI>B:IDI>B:E6GINI=:G:ID6H)JG8=6H:GH6C9 GDJE<:CIH>C8DGEDG6I:97N
G:;:G:C8:IDM=>7>IID1-:8=CDAD<NDBE6CNTH*J6GI:GAN+:EDGIDCDGB*;>A:9'DK:B7:G;>A:CD


A:K:CI=B:C9B:CIIDI=:+:8:>K67A:H)JG8=6H:<G::B:CI96I:96HD;#JAN6BDC<1+:8:>K67A:H%%;
@6,+:8:>K67A:H%%6H,:AA:G1-:8=CDAD<NDBE6CN6H,:GK>8:G)'6C@'6I>DC6AHHD8>6I>DC6H
9B>C>HIG6I>K:<:CI6C9I=:E:GHDCH;GDBI>B:IDI>B:E6GINI=:G:ID6H)JG8=6H:GH6C9 GDJE<:CIH>C8DGEDG6I:97N
G:;:G:C8:IDM=>7>IID1-:8=CDAD<NDBE6CNTH*J6GI:GAN+:EDGIDCDGB*;>A:9J<JHI;>A:CD

4
-L:A;I=B:C9B:CIIDI=:+:8:>K67A:H)JG8=6H:<G::B:CI96I:96HD;#JAN6BDC<1+:8:>K67A:H%%;@
6,+:8:>K67A:H%%6H,:AA:G1-:8=CDAD<NDBE6CN6H,:GK>8:G)'6C@'6I>DC6AHHD8>6I>DC6H
9B>C>HIG6I>K:<:CI6C9I=:E:GHDCH;GDBI>B:IDI>B:E6GINI=:G:ID6H)JG8=6H:GH6C9 GDJE<:CIH>C8DGEDG6I:97N
G:;:G:C8:IDM=>7>IID1-:8=CDAD<NDBE6CNH*J6GI:GAN+:EDGIDCDGB*;DGI=:FJ6GI:G:C9:9#JC:
;>A:9J<JHI;>A:CD


-=>GI::CI=B:C9B:CIIDI=:+:8:>K67A:H)JG8=6H:<G::B:CI96I:96HD;,:EI:B7:G6BDC<1+:8:>K67A:H
%%;@6,+:8:>K67A:H%%6H,:AA:G1-:8=CDAD<NDBE6CN6H,:GK>8:G)'6C@'6I>DC6AHHD8>6I>DC6H
9B>C>HIG6I>K:<:CI6C9I=:E:GHDCH;GDBI>B:IDI>B:E6GINI=:G:ID6H)JG8=6H:GH6C9 GDJE<:CIH>C8DGEDG6I:97N
G:;:G:C8:IDM=>7>IID1-:8=CDAD<NDBE6CNH*J6GI:GAN+:EDGIDCDGB*;DGI=:FJ6GI:G:C9:9,:EI:B7:G
;>A:9'DK:B7:G;>A:CD
4
DJGI::CI=B:C9B:CIIDI=:+:8:>K67A:H)JG8=6H:<G::B:CI96I:96HD;:8:B7:G6BDC<1
+:8:>K67A:H%%;@6,+:8:>K67A:H%%6H,:AA:G1-:8=CDAD<NDBE6CN6H,:GK>8:G)'6C@'6I>DC6A
HHD8>6I>DC6H9B>C>HIG6I>K:<:CI6C9I=:E:GHDCH;GDBI>B:IDI>B:E6GINI=:G:ID6H)JG8=6H:GH6C9 GDJE<:CIH
>C8DGEDG6I:97NG:;:G:C8:IDM=>7>IID1-:8=CDAD<NDBE6CNH*J6GI:GAN+:EDGIDCDGB*;DGI=:FJ6GI:G
:C9:9:8:B7:G;>A:9:7GJ6GN;>A:CD
4
>;I::CI=B:C9B:CIIDI=:+:8:>K67A:H)JG8=6H:<G::B:CI96I:96HD;#JAN6BDC<1+:8:>K67A:H%%;
@6,+:8:>K67A:H%%6H,:AA:G1-:8=CDAD<NDBE6CN6H,:GK>8:G)'6C@'6I>DC6AHHD8>6I>DC6H
9B>C>HIG6I>K:<:CI6C9I=:E:GHDCH;GDBI>B:IDI>B:E6GINI=:G:ID6H)JG8=6H:GH6C9 GDJE<:CIH>C8DGEDG6I:97N
G:;:G:C8:IDM=>7>IID1-:8=CDAD<NDBE6CNH*J6GI:GAN+:EDGIDCDGB*;DGI=:FJ6GI:G:C9:9#JC:
;>A:9J<JHI;>A:CD

,>MI::CI=B:C9B:CIIDI=:+:8:>K67A:H)JG8=6H:<G::B:CI96I:96HD;,:EI:B7:G6BDC<1+:8:>K67A:H
%%;@6,+:8:>K67A:H%%6H,:AA:G1-:8=CDAD<NDBE6CN6H,:GK>8:G)'6C@'6I>DC6AHHD8>6I>DC6H
9B>C>HIG6I>K:<:CI6C9I=:E:GHDCH;GDBI>B:IDI>B:E6GINI=:G:ID6H)JG8=6H:GH6C9 GDJE<:CIH>C8DGEDG6I:97N
G:;:G:C8:IDM=>7>IID1-:8=CDAD<NDBE6CNH*J6GI:GAN+:EDGIDCDGB*;DGI=:FJ6GI:G:C9:9,:EI:B7:G
;>A:9'DK:B7:G;>A:CD

,:K:CI::CI=B:C9B:CIIDI=:+:8:>K67A:H)JG8=6H:<G::B:CI96I:96HD;#JAN6BDC<1+:8:>K67A:H
%%;@6,+:8:>K67A:H%%6H,:AA:G1-:8=CDAD<NDBE6CN6H,:GK>8:G)'6C@'6I>DC6AHHD8>6I>DC6H
9B>C>HIG6I>K:<:CI6C9I=:E:GHDCH;GDBI>B:IDI>B:E6GINI=:G:ID6H)JG8=6H:GH6C9 GDJE<:CIH>C8DGEDG6I:97N
G:;:G:C8:IDM=>7>IID1-:8=CDAD<NDBE6CNH*J6GI:GAN+:EDGIDCDGB*;DGI=:FJ6GI:G:C9:9#JC:
;>A:9J<JHI;>A:CD

DJGI=B:C9:96C9+:HI6I:9):G;DGB6C8: J6G6CIN96I:96HD;:7GJ6GNB69:7N1-:8=CDAD<N
DBE6CN6H):G;DGB6C8: J6G6CIDG>C;6KDGD;)'6C@'6I>DC6AHHD8>6I>DC6H9B>C>HIG6I>K:<:CI;DGI=:7:C:;>I
D;I=:)JG8=6H:GH>C8DGEDG6I:97NG:;:G:C8:IDM=>7>IID1-:8=CDAD<NDBE6CNTHCCJ6A+:EDGIDCDGB$
;>A:9#JC:;>A:CD

1-:8=CDAD<NDBE6CN(BC>7JH"C8:CI>K:)A6CB:C9:96C9+:HI6I:9:;;:8I>K:J<JHI>C8DGEDG6I:9
7NG:;:G:C8:IDEE:C9>MIDI=:DBE6CNH)GDMN,I6I:B:CI;DGI=:CCJ6A&::I>C<D;,ID8@=DA9:GDCDGB
;>A:9#JAN;>A:CD

1-:8=CDAD<NDBE6CN'DCBEADN::>G:8IDG"C8:CI>K:)A6CB:C9:96C9+:HI6I:9:;;:8I>K:J<JHI
>C8DGEDG6I:97NG:;:G:C8:IDEE:C9>MIDI=:DBE6CNH)GDMN,I6I:B:CI;DGI=:CCJ6A&::I>C<D;
,ID8@=DA9:GDCDGB;>A:9#JAN;>A:CD

B:C9B:CIIDI=:B:C9:96C9+:HI6I:91-:8=CDAD<NDBE6CN'DCBEADN::>G:8IDG"C8:CI>K:)A6C
>C8DGEDG6I:97NG:;:G:C8:IDEE:C9>MIDI=:DBE6CNH)GDMN,I6I:B:CI;DGI=:CCJ6A&::I>C<D;,ID8@=DA9:G
DCDGB;>A:9#JC:;>A:CD
 1-:8=CDAD<NDBE6CN,=6G:)JG8=6H:)A6C>C8DGEDG6I:97NG:;:G:C8:IDM=>7>IIDI=:DBE6CNTH
+:<>HIG6I>DC,I6I:B:CIDCDGB,;>A:9&6G8=;>A:CD
 1-:8=CDAD<NDBE6CN:;:GG:9DBE:CH6I>DC)A6C>C8DGEDG6I:97NG:;:G:C8:IDM=>7>IIDI=:DBE6CNTH
+:<>HIG6I>DC,I6I:B:CIDCDGB,;>A:9&6G8=;>A:CD

B:C9B:CIID1-:8=CDAD<NDBE6CN:;:GG:9DBE:CH6I>DC)A6C>C8DGEDG6I:97NG:;:G:C8:IDM=>7>IIDI=:
DBE6CNTH*J6GI:GAN+:EDGIDCDGB*;DGI=:E:G>D9:C9:9,:EI:B7:G;>A:9'DK:B7:G;>A:CD

4 DGBD;>H86A):G;DGB6C8:6H:9+:HIG>8I:9,ID8@.C>IL6G9JC9:GI=:1-:8=CDAD<NDBE6CN(BC>7JH
"C8:CI>K:)A6C;>A:9=:G:L>I=
4
DGBD;>H86A):G;DGB6C8:6H:9+:HIG>8I:9,ID8@.C>IL6G9JC9:GI=:1-:8=CDAD<NDBE6CN(BC>7JH
"C8:CI>K:)A6C>C8DGEDG6I:97NG:;:G:C8:IDM=>7>IID1-:8=CDAD<NDBE6CNTHCCJ6A+:EDGIDCDGB$;DG
I=:E:G>D9:C9:9&6G8=;>A:9&6N;>A:CD
4
DGBD;>H86A):G;DGB6C8:6H:9+:HIG>8I:9,ID8@.C>IL6G9JC9:GI=:1-:8=CDAD<NDBE6CN(BC>7JH
"C8:CI>K:)A6C>C8DGEDG6I:97NG:;:G:C8:IDM=>7>IIDI=:DBE6CNTHCCJ6A+:EDGIDCDGB$;DGI=:E:G>D9
:C9:9&6G8=;>A:9&6N;>A:CD
4
DGBD;>H86A):G;DGB6C8:6H:9+:HIG>8I:9,ID8@.C>IL6G9JC9:GI=:1-:8=CDAD<NDBE6CN(BC>7JH
"C8:CI>K:)A6C>C8DGEDG6I:97NG:;:G:C8:IDM=>7>IID1-:8=CDAD<NDBE6CNTHCCJ6A+:EDGIDCDGB$;DG
I=:E:G>D9:C9:9&6G8=;>A:9&6N;>A:CD
 DGBD;>H86A,:GK>8:6H:9+:HIG>8I:9,ID8@.C>IL6G9JC9:GI=:1-:8=CDAD<NDBE6CN(BC>7JH
"C8:CI>K:)A6C;>A:9=:G:L>I=

DGBD;>H86A,:GK>8:6H:9+:HIG>8I:9,ID8@.C>IL6G9JC9:GI=:1-:8=CDAD<NDBE6CN(BC>7JH
"C8:CI>K:)A6C>C8DGEDG6I:97NG:;:G:C8:IDM=>7>IID1-:8=CDAD<NDBE6CNTHCCJ6A+:EDGIDCDGB$;DG
I=:E:G>D9:C9:9&6G8=;>A:9&6N;>A:CD

DGBD;>H86A,:GK>8:6H:9+:HIG>8I:9,ID8@.C>IL6G9JC9:GI=:1-:8=CDAD<NDBE6CN(BC>7JH
"C8:CI>K:)A6C>C8DGEDG6I:97NG:;:G:C8:IDM=>7>IIDI=:DBE6CNTHCCJ6A+:EDGIDCDGB$;DGI=:E:G>D9
:C9:9&6G8=;>A:9&6N;>A:CD


DGBD;>H86A,:GK>8:6H:9+:HIG>8I:9,ID8@.C>IL6G9JC9:GI=:1-:8=CDAD<NDBE6CN(BC>7JH
"C8:CI>K:)A6C>C8DGEDG6I:97NG:;:G:C8:IDM=>7>IID1-:8=CDAD<NDBE6CNTHCCJ6A+:EDGIDCDGB$;DG
I=:E:G>D9:C9:9&6G8=;>A:9&6N;>A:CD

DGBD;+:HIG>8I:9,ID8@.C>I<G::B:CIJC9:GI=:1-:8=CDAD<NDBE6CN'DCBEADN::>G:8IDG"C8:CI>K:
)A6C>C8DGEDG6I:97NG:;:G:C8:IDM=>7>IIDI=:DBE6CNTH):G>D9>8+:EDGIDCDGB$;>A:9EG>A;>A:CD

 1-:8=CDAD<NDBE6CN,:K:G6C8:)A6C;DG,:C>DG&6C6<:B:CI6C9$:NBEADN::H>C8DGEDG6I:97NG:;:G:C8:ID
M=>7>IIDI=:DBE6CNTH):G>D9>8+:EDGIDCDGB$;>A:9EG>A;>A:CD

B:C9B:CIIDI=:1-:8=CDAD<NDGEDG6I>DC,:K:G6C8:)A6C;DG,:C>DG&6C6<:B:CI6C9$:NBEADN::H
>C8DGEDG6I:97NG:;:G:C8:IDM=>7>IID1-:8=CDAD<NDBE6CNH*J6GI:GAN+:EDGIDCDGB*;DGI=:E:G>D9
:C9:9,:EI:B7:G;>A:9'DK:B7:G;>A:CD

B:C9B:CI'DIDI=:1-:8=CDAD<NDBE6CN,:K:G6C8:)A6C;DG,:C>DG&6C6<:B:CI6C9$:NBEADN::H
>C8DGEDG6I:97NG:;:G:C8:IDM=>7>IIDI=:DBE6CNTHCCJ6A+:EDGIDCDGB$;DGI=:E:G>D9:C9:9&6G8=
;>A:9&6N;>A:CD
 DGBD;>G:8IDG"C9:BC>;>86I>DC<G::B:CI>C8DGEDG6I:97NG:;:G:C8:IDM=>7>IIDI=:DBE6CNTH):G>D9>8+:EDGI
DCDGB$;>A:9EG>A;>A:CD

BEADNB:CI<G::B:CIL>I=+6JA:GC6C9:O96I:9&6G8=BEADNB:CI<G::B:CIL>I=+6JA:GC6C9:O96I:9
&6G8=>C8DGEDG6I:97NG:;:G:C8:IDM=>7>IID1-:8=CDAD<NDBE6CNTHCCJ6A+:EDGIDCDGB$
;DGI=:E:G>D9:C9:9&6G8=;>A:9&6N;>A:CD
 "CH>9:G-G69>C<)DA>8N;>A:9=:G:L>I=
 ,><C>;>86CI8I>K:,J7H>9>6G>:H6C9;;>A>6I:HD;I=:+:<>HIG6CI;>A:9=:G:L>I=
 DCH:CID;"C9:E:C9:CI+:<>HI:G:9)J7A>888DJCI>C<>GB
 ,:8I>DC:GI>;>86I>DCD;I=:=>:;M:8JI>K:(;;>8:G
 ,:8I>DC:GI>;>86I>DCD;I=:=>:;>C6C8>6A(;;>8:G
 ,:8I>DC:GI>;>86I>DCD;=>:;M:8JI>K:(;;>8:G
 ,:8I>DC:GI>;>86I>DCD;=>:;>C6C8>6A(;;>8:G
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"', 1+%"CHI6C8:
,! 1+%-6MDCDBNMI:CH>DC,8=:B6
% 1+%-6MDCDBNMI:CH>DC6A8JA6I>DC
% 1+%-6MDCDBNMI:CH>DC%67:AH
)+ 1+%-6MDCDBNMI:CH>DC)G:H:CI6I>DC
 DK:G)6<:"CI:G68I>K:6I6>A:;DGB6II:96H"CA>C:1+%6C98DCI6>C:9>CM=>7>I
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86JH:9I=>HG:EDGIID7:H><C:9DC>IH7:=6A;7NI=:JC9:GH><C:9I=:G:JCID9JAN6JI=DG>O:9
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'6B: '=03:3<3
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68=E:GHDCL=DH:H><C6IJG:6EE:6GH7:ADL8DCHI>IJI:H6C96EED>CIH+6JA:GC6C9:O6C9+D7:A:C:6C9:68=DG
6CND;I=:B6H=>HDG=:GIGJ:6C9A6L;JA6IIDGC:N>C;68I6C96<:CI:68=68I>C<6ADC:L>I=;JAAEDL:GD;HJ7HI>IJI>DC6C9
G:HJ7HI>IJI>DC ;DG =>B DG =:G 6C9 >C =>H DG =:G C6B: EA68: 6C9 HI:69 >C 6CN 6C9 6AA 86E68>I>:H ID H><C 6CN DG 6AA
6B:C9B:CIHDGHJEEA:B:CIHIDI=>H+:EDGI6C9ID;>A:I=:H6B:L>I=6AA:M=>7>IHI=:G:ID6C96AA9D8JB:CIH>C8DCC:8I>DC
I=:G:L>I= L>I= I=: ,:8JG>I>:H 6C9 M8=6C<: DBB>HH>DC <G6CI>C< JCID H6>9 6IIDGC:N>C;68I 6C9 6<:CI ;JAA EDL:G 6C9
6JI=DG>INID9D6C9E:G;DGB:68=6C9:K:GN68I6C9I=>C<G:FJ>H>I:6C9C:8:HH6GNID7:9DC:>C6C967DJII=:EG:B>H:H
6H;JAANID6AA>CI:CIH6C9EJGEDH:H6H=:DGH=:B><=IDG8DJA99D>CE:GHDC=:G:7NG6I>;N>C<6C98DC;>GB>C<6AAI=6IH6>9
6IIDGC:N>C;68I6C96<:CIDG=>HDG=:GHJ7HI>IJI:DGHJ7HI>IJI:HB6NA6L;JAAN9DDG86JH:ID7:9DC:7NK>GIJ:=:G:D;
)JGHJ6CI ID I=: G:FJ>G:B:CIH D; I=: ,:8JG>I>:H 6C9 M8=6C<:8I D;  I=>H G:EDGI =6H 7::C H><C:9 7:ADL 7N I=:
;DAADL>C<E:GHDCHDC7:=6A;D;I=:+:<>HIG6CI6C9>CI=:86E68>I>:H6C9DCI=:96I:H>C9>86I:9
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