PKG 575 E 02E - VideoTesty.pl

PKG 575 E 02E
ES Instrucciones de uso
PT Instruções de serviço
GB Instructions for Use
FR Mode d´emploi
IT Instruzioni sull´uso
3
22
41
59
78
a
76<-61,7
*;-:>)+176-; 1587:<)6<-; ?E6D 56 4@?64E2C DF 2A2C2E@ !?5:424:@?6D 56 D68FC:525 \>@ 6G:E2C 52Z@D 6? =2 A=242 56 4@44:\? 767+-: -4 )8):)<7 = A2?6= 56 >2?5@ $2D K@?2D 56 4@44:\? !?5:425@C 56 42=@C C6D:5F2= 6<-::=8<7: 8:16+18)4 +76 ;-/=:7 8):) 61P7; !?E6CCFAE@C AC:?4:A2= +68FC@ A2C2 ?:Z@D 7+16): DW D6 AC@8C2>2 ,23=2 +F86C6?4:2D A2C2 29@CC2C 6?6C8W2 :-+)4-6<)51-6<7 :H81,7 DW D6 AC@8C2>2 151<)+1Q6 )=<75H<1+) ,- <1-587 -;)+<1>)+1Q6 ,- 4) ;-P)4 )+S;<1+) =1,),7; A 41581-B) F:525@D $:>A:6K2 56 =2 G:EC@46CO>:42 $:>A:6K2 56= >2C4@ 56 =2 A=242 56 4@44:\? 7,7 ,- 8:7+-,-: )6<- =6) )>-:O) 5*)4)2- A )8):)<7; =;),7; #-:>1+17 ,- );1;<-6+1) <M+61+) *;-:>)+176-; 1587:<)6<-;
-) -;<); 16;<:=++176-; +76 )<-6+1Q6 +\=@
6?E@?46D A@5CO >2?6;2C 4@CC64E2>6?E6 DF 2A2C2E@
@?D6CG6 =2D :?DECF44:@?6D 56 FD@ J 56 >@?E2;6
?
42D@ 56 6?EC682C 6= 2A2C2E@ 2 @EC2 A6CD@?2 25;F?E6
=2D :?DECF44:@?6D
6<-; ,- +76-+<):
;= )8):)<7
)P7; 87: -4 <:)6;87:<-
@>AC@32C 6= 2A2C2E@ EC2D D242C=@ 56= 6>32=2;6
?
42D@ 56 BF6 92J2 DF7C:5@ 52Z@D 5FC2?E6 6= EC2?DA@CE6
?@ 4@?64E2C 6= 2A2C2E@ J A@?6CD6 6? 4@?E24E@ 4@? 6=
+6CG:4:@ ,T4?:4@
76-@1Q6 7 16;<)4)+1Q6
-4M+<:1+)
?E6D 56 FE:=:K2C A@C AC:>6C2 G6K DF 2A2C2E@ 5636
2D68FC2CD6 56 BF6 =2 :?DE2=24:\? 6=T4EC:42 56 DF 42D2
E:6?6 E@>2 56 E:6CC2 J C6`?6 E@52D =2D 4@?5:4:@?6D 56
D68FC:525 G:86?E6D
= >@?E2;6 J 4@?6I:\? 56 DF 2A2c
C2E@ 5636 D6C C62=:K25@ A@C F? ET4?:4@ 2FE@C:K25@
= FD@ 56 6DE6 2A2C2E@ D:? =2 4@?6I:\? 56 E:6CC2 @ 4@?
F?2 :?DE2=24:\? :?4@CC64E2 AF656 42FD2C 2F?BF6 6?
4:C4FDE2?4:2D >FJ A@4@ AC@323=6D 52Z@D D6C:@D
=6D:@?6D A6CD@?2=6D J >F6CE6 A@C 6=64EC@4F4:\?
= 723C:42?E6 ?@ D6 9246 C6DA@?D23=6 56= 7F?4:@?2c
>:6?E@ :?2564F25@ J 56 =@D A@D:3=6D 52Z@D >@E:G2c
5@D A@C :?DE2=24:@?6D 6=T4EC:42D ?@ 2564F252D
6,1+)+176-; ,;-/=:1,),
+-1<- A /:);)
;7*:-+)4-6<),7;
= 2A2C2E@ 6DEO AC6G:DE@ D\=@ A2C2 6= FD@ 5@>TDE:4@
-E:=:K2C =2 A=242 56 4@44:\? `?:42>6?E6 A2C2 AC6A2C2C
A=2E@D
= 246:E6 @ =2 8C2D2 D@3C642=6?E25@D D6 :?7=2>2?
7O4:=>6?E6
L(6=:8C@ 56 :?46?5:@
&@ 2FD6?E2CD6 >:6?EC2D D6 42=:6?E2 8C2D2 @ 246:E6
? 42D@ 56 BF6 6= 246:E6 D6 :?7=2>6 ?F?42 2A282C 6=
7F68@ 4@? 28F2
@=@42C :?>65:2E2>6?E6 6?4:>2 F?2 E2A2 @ F? A=2E@
6D4@?64E2C =2 K@?2 56 4@44:\?
6;2C 6?7C:2C 6= C64:A:6?E6 D@3C6 =2 K@?2 56 4@44:\?
(76); ,- +7++1Q6 +)41-6<-;
&@ E@42C =2D K@?2D 56 4@44:\? 42=:6?E6D
L(6=:8C@ 56 BF6>25FC2D
D 7F?52>6?E2= BF6 =@D ?:Z@D ?@ D6 246CBF6? 2=
2A2C2E@
= :?5:425@C 56 42=@C C6D:5F2= 2G:D2 D: =2D
K@?2D 56 4@44:\? 6DEO? 42=:6?E6D
&@ 4@=@42C ?F?42 @3;6E@D :?7=2>23=6D D@3C6 =2 A=242
56 4@44:\?
L(6=:8C@ 56 :?46?5:@
+: 5632;@ 56 =2 A=242 56 4@44:\? 92J F? 42;\? ?@
5636? 8F2C52CD6 2==W @3;6E@D :?7=2>23=6D @ 26C@D@=6D
L(6=:8C@ 56 :?46?5:@
$@D 423=6D 56 4@?6I:\? 56 =@D 2A2C2E@D 6=T4EC:4@D ?@
5636? E@42C =2D K@?2D 56 4@44:\? 42=:6?E6D
(F656
52Z2CD6 6= 2:D=2>:6?E@ 56= 423=6 J =2 A=242 56
4@44:\?
);-; ,- :-+181-6<-; A
B76); ,- +7++1Q6 572),);
+: 92J 9F>6525 6?EC6 =2 32D6 56= C64:A:6?E6 J =2 K@?2
56 4@44:\? AF656 86?6C2CD6 AC6D:\? 56 G2A@C
42FD2 56 =2 AC6D:\? 56= G2A@C 6= C64:A:6?E6 AF656
D2=E2C 56 7@C>2 C6A6?E:?2
L(6=:8C@ 56 =6D:@?6D
%2?E6?6C D:6>AC6 D642D =2 K@?2 56 4@44:\? J =2 32D6
56= C64:A:6?E6
:1-<); -6 4) >1<:7+-:H51+)
? 42D@ 56 2A2C646C C@EFC2D 8C:6E2D @ 96?5:5FC2D 6?
=2 G:EC@46CO>:42 6I:DE6 A6=:8C@ 56 56D42C82 6=T4EC:42
6D4@?64E2C :?>65:2E2>6?E6 6= 2A2C2E@
6D4@?64E2C 6= 7FD:3=6 56= 2A2C2E@ 6? =2 42;2 56
7FD:3=6D
G:D2C 2= +6CG:4:@ 56 D:DE6?4:2 ,T4?:42
) B76) ,- +7++1Q6 ;+)41-6<) 8-:7 4) 16,1+)+1Q6
>1;=)4 67 .=6+176)
+: D6 42=:6?E2 =2 K@?2 56 4@44:\? A6C@ =2 :?5:424:\?
G:DF2= ?@ 7F?4:@?2 56D4@?64E2C =2 K@?2 56 4@44:\?
L(6=:8C@ 56 BF6>25FC2D
G:D2C 2= +6CG:4:@ 56 D:DE6?4:2 ,T4?:42
"-8):)+176-; 16),-+=),);
$2D C6A2C24:@?6D :?2564F252D D@? A6=:8C@D2D
L(6=:8C@ 56 56D42C82 6=T4EC:42
$2D C6A2C24:@?6D D\=@ AF656? D6C 6764EF252D A@C
A6CD@?2= 56= +6CG:4:@ 56 D:DE6?4:2 ,T4?:42
563:52>6?E6 :?DECF:5@
)*4- ,- +76-@1Q6
F2=BF:6C C6A2C24:\? BF6 D6 E6?82 BF6 C62=:K2C 6? =2
G:EC@46CO>:42 :?4=FJ6?5@ 6= 42>3:@ @ :?DE2=24:\? 56=
423=6 56 4@?6I:\? 5636 D6C C62=:K252 A@C 6= +6CG:4:@
56 D:DE6?4:2 ,T4?:42
= .=6+176)51-6<7 16<-:51<-6<- 56 =2D K@?2D 56
4@44:\? ?@ 6D F?2 2G6CW2 7F?4:@?2? D:6>AC6 2 E@52
DF A@E6?4:2 6? A6CW@5@D 56 6?46?5:5@ J 2A2825@
>OD @ >6?@D =2C8@D 6? 7F?4:\? 56= ?:G6= 56 A@E6?4:2
D6=644:@?25@
>2J@C ?:G6= 56 A@E6?4:2 >OD =2C8@
6D 6= E:6>A@ 56 7F?4:@?2>:6?E@ J >2J@C =2
E6>A6C2EFC2 2=42?K252
Q57 ->1<): ,)P7;
-6 4) 84)+) ,+7++1Q6
);- ,- 47; :-+181-6<-;
$2D 32D6D 56 =2D 42KF6=2D J =2D D2CE6?6D AF656? C2J2C
=2 G:EC@46CO>:42
@>AC@32C =@D C64:A:6?E6D
G:E2C 56;2C F? C64:A:6?E6 G24W@ 2= 7F68@
6DA64:2=>6?E6 D: D@? C64:A:6?E6D 6D>2=E25@D J 56
2=F>:?:@
$2 32D6 56= C64:A:6?E6 J =2 G:EC@46CO>:42
AF656? 52Z2CD6
'3D6CG2C =2D :?5:424:@?6D 56= 723C:42?E6 D: D6 EC2E2 56
F?2 G2;:==2 6DA64:2=
"-+181-6<- +)41-6<-
&@ 4@=@BF6 ?F?42 4246C@=2D @ D2CE6?6D 42=:6?E6D
D@3C6 =2 K@?2 56 4@?EC@= @ 6= >2C4@ 56 =2 A=242 56
4@44:\?
#)4 )BS+): A ):-6)
$2 D2= 6= 2K`42C @ =@D 8C2?@D 56 2C6?2 AC@4656?E6D
56 =2 =:>A:6K2 56 9@CE2=:K2D @ G6C5FC2D AF656?
@42D:@?2C C2J2D 6? =2 A=242
*2-<7; ,=:7; A
8=6<1)/=,7;
$2 A=242 56 4@44:\? AF656 52Z2CD6 4F2?5@ 42:82?
@3;6E@D 5FC@D @ AF?E:28F5@D D@3C6 6==2D
+6
C64@>:6?52 BF6 ?@ 4@=@BF6 6DE6 E:A@ 56 @3;6E@D 6?
K@?2D DFD46AE:3=6D 56 426C D@3C6 =2 A=242
4)<7; 9=- ;- 0)A)6
,-::)5),7
= 2K`42C J =@D A=2E@D BF6 4@?E:6?6? 2K`42C 52Z2? =2
A=242 56 4@44:\?
=:>:?2C :?>65:2E2>6?E6 =2 4@>:52
BF6 D6 92J2 56CC2>25@ 4@? F?2 C2DBF6E2 56 G:5C:@
LE6?4:\? $2 C2DBF6E2 56 G:5C:@ E:6?6 F?2 4F49:==2
27:=252
H516); A 84H;<1+7;
= A2A6= 56 2=F>:?:@ @ =@D C64:A:6?E6D 56 A=ODE:4@ D6
56CC:E6? D@3C6 =2D K@?2D 56 4@44:\? 42=:6?E6D
$2 =O>:?2 AC@E64E@C2 ?@ 6D 2AC@A:252 A2C2 =2 A=242 56
4@44:\?
2-5847; ,- 87;1*4-;
,)P7;
$@D 52Z@D BF6 D6 >F6DEC2? 2 4@?E:?F24:\? ?@
2764E2? ?: 2= 7F?4:@?2>:6?E@ ?: 2 =2 6DE23:=:525 56 DF
6?4:>6C2
7:5)+1Q6 ,- +7;<:);
63:52D 2= 56CC2>2>:6?E@ 56 2K`42C 7F?5:5@ @ 56
2=:>6?E@D 4@? F? 6=6G25@ 4@?E6?:5@ 56 2K`42C
")A);
63:52D 2 =2 D2= 6= 2K`42C 8C2?@D 56 2C6?2 @ =2D
:CC68F=2C:5256D 56= 7@?5@ 56 D2CE6?6D J 42KF6=2D
-+747:)+1Q6
2>3:@ 56 4@=@C 924:2 F?2 E@?2=:525 >6EO=:42 563:5@
2= 56D82DE6 A@C 6= C@46 56 =@D C64:A:6?E6D @ A@C 6= FD@
56 AC@5F4E@D 56 =:>A:6K2 :?2564F25@D
-;/);<- ,- 4) ,-+7:)+1Q6
64@C24:\? 6D>6C:=252 563:5@ 2= 6>A=6@ 56
AC@5F4E@D 56 =:>A:6K2 :?2564F25@D
DE@D 52Z@D D@? 42FD25@D A@C 6= FD@ :?2564F25@ 56=
2A2C2E@ ?@ D6 EC2E2 AF6D 56 AC@3=6>2D ET4?:4@D 56=
2A2C2E@ A@C =@ BF6 ?@ D@? 4F3:6CE@D A@C =2 82C2?EW2
767+-: -4 )8):)<7
? 6DE6 42AWEF=@ D6 56D4C:36? =@D A2?6=6D 56 >2?5@
=2D K@?2D 56 4@44:\? J =2D :?5:424:@?6D G:DF2=6D
MDE2D D6 5:76C6?4:2? D68`? 6= >@56=@ 56 2A2C2E@
4 8)6-4 ,- 5)6,7
% &%* ')
4/<+2 *+ 65:+4)/' O 56+8':/</*'* )'258 8+9/*;'2 ,') $%&
')
/4:+88;6:58 68/4)/6'2
#=8-:.1+1-; ,- 5)6,7
,') $%&
')
@54' *+ )5))/L4 *5(2+ ,') * $%& ')
9+2+))/L4 *+ @54' *+
)5))/L4
= E@42C F? DW>3@=@ D6 24E:G2 =2 7F?4:\?
4@CC6DA@?5:6?E6
;6>A=@ E@42C 6= DW>3@=@ $2 A=242 56 4@44:\? D6 6?4:6?56
7<)
$@D 2;FDE6D D6 >2?E:6?6? 2= E@42C 3C6G6>6?E6 G2C:@D
42>A@D
DW 6D A@D:3=6 =:>A:2C =2 K@?2 56
AC@8C2>24:\? D:? AC@3=6>2D D: D6 56CC2>2 2=8@
%2?E6?6C =2D DFA6C7:4:6D 56 >2?5@ D:6>AC6 =:>A:2D
$2 9F>6525 J =2 DF4:6525 AF656? 2764E2C 2 DF
7F?4:@?2>:6?E@
); B76); ,+7++1Q6
(76) ,- +7++1Q6 87:
:),1)+1Q6
? 6DE2D K@?2D 56 4@44:\? ?@ 6D A@D:3=6 >@5:7:42C 6=
E2>2Z@ 56 =2 DFA6C7:4:6
+6=644:@?2C =2 K@?2 56 4@44:\? 4@CC64E2
= E2>2Z@ 56= C64:A:6?E6 5636CW2 4@:?4:5:C 4@? 6= 56 =2
K@?2 56 4@44:\?
(76) ,- +7++1Q6 ,7*4-
= E2>2Z@ 56 6DE2D K@?2D 56 4@44:\? AF656
>@5:7:42CD6
$2 K@?2 56 4@44:\? 5636 6DE2C
4@?64E252
@?64E2C =2 K@?2 6IE6C:@C 56 42=6?E2>:6?E@
E@42C 6= DW>3@=@
$2 =O>A2C2 :?5:425@C2 D6 :=F>:?2
6D4@?64E2C
G@=G6C 2 E@42C 6= DW>3@=@
$2 =O>A2C2 :?5:425@C2 D6
2A282
= 4@?64E2C 56 ?F6G@ =2 K@?2 56 4@44:\? D6
D6=644:@?2 2FE@>OE:42>6?E6 6= `=E:>@ E2>2Z@
6,1+),7: ,- +)47:
:-;1,=)4
$2 A=242 56 4@44:\? 4F6?E2 4@? F? :?5:425@C 56 42=@C
C6D:5F2= 6? 4252 K@?2 56 4@44:\? BF6 >F6DEC2 4FO=6D
2`? 6DEO? 42=:6?E6D
= :?5:425@C 56 42=@C C6D:5F2= 6D
56 5@D ?:G6=6D
+: 6? =2 :?5:424:\? G:DF2= 2A2C646 F?2 6D BF6 =2
K@?2 56 4@44:\? 2`? 6DEO 42=:6?E6
+6 A@5CO A
6;
>2?E6?6C 42=:6?E6 F? A6BF6Z@ A=2E@ @ 56CC6E:C F?2
4@36CEFC2 56 49@4@=2E6
= 6?7C:2CD6 >OD =2 K@?2 56 4@44:\? 6= :?5:425@C
42>3:2 2 $2 :?5:424:\? G:DF2= D6 2A282CO 4F2?5@
=2 K@?2 56 4@44:\? D6 92J2 6?7C:25@ =@ DF7:4:6?E6
C<-6+1Q6
,C2D F? 4@CE6 6? 6= DF>:?:DEC@ 6=T4EC:4@ 6= :?5:425@C 56
42=@C C6D:5F2= ?@ GF6=G6 2 6?46?56CD6
$2D A=242D
AF656? D68F:C 42=:6?E6D
6<-::=8<7: 8:16+18)4 +76 ;-/=:7 8):)
61P7;
6<-::=8<7: 8:16+18)4
@? 6= :?E6CCFAE@C AC:?4:A2= D6 A@?6 6? >2C492 6=
2A2C2E@
9@C2 =2 A=242 56 4@44:\? 6DEO @A6C2E:G2
76-@1Q6
,@42C 6= DW>3@=@ 92DE2 BF6 D6 :=F>:?6 6= DW>3@=@ 6? 4252 F?@ 56 =@D :?5:425@C6D 56 =2 K@?2 56
4@44:\?
-;+76-@1Q6
,@42C 6= DW>3@=@ 92DE2 BF6 D6 2A28F6 6= DW>3@=@ ,@52D =2D K@?2D 56 4@44:\? D6 56D4@?64E2?
=
:?5:425@C 56 42=@C C6D:5F2= A6C>2?646 :=F>:?25@
92DE2 BF6 =2D K@?2D 56 4@44:\? D6 92J2? 6?7C:25@ =@
DF7:4:6?E6
6,1+)+176-;
$2 A=242 56 4@44:\? D6 56D4@?64E2 2FE@>OE:42>6?E6
4F2?5@ E@52D =2D K@?2D 56 4@44:\? 6DEO?
56D4@?64E252D 5FC2?E6 >OD 56 D68F?5@D
+: 56DAFTD 56 4@?64E2C =2 A=242 56 4@44:\? 2`?
BF652 42=@C C6D:5F2= 6? 6= :?5:425@C 56 =2 K@?2 56
4@44:\? A2CA2562CO? 2=E6C?252>6?E6 J #-/=:7 8):) 61P7;
$2 A=242 56 4@44:\? D6 AF656 2D68FC2C 4@?EC2 F?2
4@?6I:\? :?G@=F?E2C:2 A2C2 :>A65:C BF6 =@D ?:Z@D
4@?64E6? =2D K@?2D 56 4@44:\?
= D68FC@ A2C2 ?:Z@D
BF652 24E:G25@ A6C>2?6?E6>6?E6
+<1>): -4 ;-/=:7 8):)
61P7;
@?64E2C =2 A=242 56 4@44:\? 4@? 6= :?E6CCFAE@C
AC:?4:A2= @=@42C =2D K@?2D 56 4@44:\? 6? 6= ?:G6= 56
A@E6?4:2 6D4@?64E2C =2D K@?2D 56 4@44:\? DF46D:G2>6?E6
56 56C6492 2 :KBF:6C52 6>A6K2?5@ A@C =2 K@?2 56
4@44:\? 56C6492
,@42C 6= :?E6CCFAE@C AC:?4:A2= 5FC2?E6 F? >W?:>@
56 D68F?5@D F?2 G6K 7:?2=:K25@ 6DE6 E:6>A@
DF6?2 F?2 D6Z2= 24`DE:42
= D68FC@ A2C2 ?:Z@D 6DEO 24E:G25@
)6-27 ,- 4) 84)+) ,+7++1Q6
(2C2 4@?64E2C=2 E@42C D:6>AC6 6= :?E6CCFAE@C
AC:?4:A2= 5FC2?E6 >OD 56 D68F?5@D
FC2?E6 6DE6
E:6>A@ A2CA2562 =2 :?5:424:\?
F2?5@ 6DE2
:?5:424:\? D6 2A282 =2 A=242 56 4@44:\? 6DEO
4@?64E252
-;)+<1>)+1Q6 ,-4 ;-/=:7
8):) 61P7;
= D68FC@ A2C2 ?:Z@D AF656 56D24E:G2CD6 56 ?F6G@
(2C2 6==@ D6 AC@4656 56 :8F2= 7@C>2 BF6 2= 24E:G2C 6=
D68FC@ A2C2 ?:Z@D
479=-7 -@+-8+176)4 ,- 4)
84)+) ,- +7++1Q6
$2 A=242 56 4@44:\? D6 AF656 3=@BF62C 56 7@C>2
6I46A4:@?2= A
6;
D: 92J ?:Z@D A6BF6Z@D 56 G:D:E2
$2 A=242 56 4@44:\? 5636 6DE2C 56D4@?64E252
,@42C 6= :?E6CCFAE@C AC:?4:A2= 5FC2?E6 >OD 56
D68F?5@D
$2D :?5:424:@?6D 56 =2D K@?2D 56
4@44:\? D6 2A282?
$2 :?5:424:\? D6 6?4:6?56
5FC2?E6 D68F?5@D J D6 2A282
$2 A=242 56
4@44:\? BF652 3=@BF6252
-;)+<1>): -4 *479=-7
-@+-8+176)4
,@42C 6= :?E6CCFAE@C AC:?4:A2= 5FC2?E6 >OD 56
D68F?5@D
$2 A=242 56 4@44:\? D6 4@?64E2
=
3=@BF6@ D6 92 56D24E:G25@
C<-6+1Q6
= D68FC@ A2C2 ?:Z@D AF656 24E:G2CD6 @ 56D24E:G2CD6
A@C 6BF:G@424:\? 563:5@ 2= 28F2 56 =:>A:6K2
2=:>6?E@D BF6 92? C63@D25@ @ =2 AC6D6?4:2 56 @3;6E@D
D@3C6 6= :?E6CCFAE@C AC:?4:A2= 7+16):
? 6DE6 42AWEF=@ D6 >F6DEC2 4\>@ 2;FDE2C =2D K@?2D
56 4@44:\?
? =2 E23=2 D6 AF656? 4@?DF=E2C =@D
?:G6=6D 56 A@E6?4:2 J =@D E:6>A@D 56 4@44:\? 56
5:76C6?E6D A=2E@D
$2D D:8F:6?E6D DF86C6?4:2D
A6C>:E6? 29@CC2C 6?6C8W2
#=8-:.1+1- ,- 5)6,7 A @? =@D DW>3@=@D J D6 AF656 D6=644:@?2C 6= ?:G6=
56 A@E6?4:2 56D625@
&:G6= A@E6?4:2 >W?:>2
&:G6= A@E6?4:2 >OI:>2
252 ?:G6= 56 A@E6?4:2 5:DA@?6 56 F? 2;FDE6
:?E6C>65:@
DEO D6Z2=25@ 4@? F? AF?E@
;O ;- 8:7/:)5)
$2 A=242 56 4@44:\? 5636 6DE2C 4@?64E252
,@42C 6= D6?D@C \ 56 =2 K@?2 56 4@44:\?
56D6252
? =2 :?5:424:\? G:DF2= A2CA2562 ? =@D D:8F:6?E6D D68F?5@D E@42C 6= D6?D@C
Q
A2C646 =2 AC@8C2>24:\? 3OD:42
+6?D@C ?:G6= 56 A@E6?4:2
+6?D@C ?:G6= 56 A@E6?4:2
%@5:7:424:\? 56= ?:G6= 56 A@E6?4:2
,@42C 6= D6?D@C \ 92DE2 BF6 2A2C6K42 6= ?:G6=
56 A@E6?4:2 56D625@
7,1.1+): -4 61>-4 ,87<-6+1)
= ?:G6= 56 A@E6?4:2 AF656 >@5:7:42CD6 6? 4F2=BF:6C
>@>6?E@
-;+76-+<): 4) B76) ,+7++1Q6
,@42C 6= D6?D@C 92DE2 BF6 2A2C6K42 +: D6 92 D6=644:@?25@ F? ?:G6= 56 A@E6?4:2 2=E@
E2>3:T? D6 AF656 E@42C 6= D6?D@C 92DE2 BF6
2A2C6K42 ,@42?5@ 56 ?F6G@ 3C6G6>6?E6 6=
D6?D@C 2A2C646 $2 K@?2 56 4@44:\? D6 56D4@?64E2 J EC2?D4FCC:5@D
D68F?5@D 2A2C646 6= :?5:425@C 56 42=@C C6D:5F2=
$)*4)
? =2D D:8F:6?E6D E23=2D D6 AF656? 6?4@?EC2C 2=8F?@D
6;6>A=@D
$@D E:6>A@D 56 4@44:\? 56A6?56? 56= E:A@ A6D@ J
42=:525 56 =@D 2=:>6?E@D
(@C 6DE6 >@E:G@ 6I:DE6?
G2C:24:@?6D
%+ *#7% % &
& 7%
-# ,) 7% #
'&+% & 7% #%+
))+ )
.5)52':+ )5(+8:;8' *+
).5)52':+ 3'4:+7;/22' 3/+2
+2':/4'
6'7
O
O
O
O
O
O
#%+)
':' *+ <+8*;8'9
'2*5
!56' +96+9'
+).+
-O32O
2:8
32O
2:8
32O32
O3/4
O3/4
O3/4
O3/4
O
O
O
O
O3/4
O3/4
O3/4
O3/4
#%+) / $%+%) # %+
5)/*5 6 +0 )5)/*5 *+
2+4:+0'9
-O+).+
32O
2:8
O3/4
O3/4
O
O
*&%#) / #%+)
96/4')'9 )54-+2'*'9
;2'9). )54-+2'*5
-O32O
2:8
O3/4
O3/4
O
O
O
3/4
O3/4
&) ,& #%+&
2(L4*/-' *+
6':':'
O2:8'-;'
+9)'*5
O6/+@'9
-O-
O
3/4
O3/4
O
O
O3/4
O
3/4
& %)
885@ )54 +2 *5(2+ *+ )'4:/*'*
*+ '-;'
885@ )54 2+).+
32O
2:8*+ 2+).+
':':' )5)/*' )54 6/+2 )54
O:'@'9 *+ '-;'
':':'9 9'2'*'9 )54 O :'@'9
*+ '-;'
$+8*;8' ,8+9)' )54 O :'@'9
*+ '-;'
'9:' O2:8 '-;'
*+&)
52259 *+ )'84+ 8+22+45
9:5,'*5
;2'9).
%+ *#7% % &
& 7%
-# '&+% ,) 7% #
& 7% #%+
-O-
O3/4
O
O3/4
-O-
O3/4
O
O3/4
-O
1-
O3/4
O
O3/4
-O
1-
O3/4
O
O3/4
-O
1-O-
O3/4
O
3/4
O
O
O3/4
O
3/4
6/+@'9
1-
O3/4
O3/4
O
3/4
O
O
O
O3/4
O
3/4
O3/4
O3/4
O
,8+J8 *+ ,583'
.535-H4+'
O
3/4
O
3/4
O
3/4
)6)
8+6+2E*2+
/2+:+ +36'4'*5
/9:+)
'88/:'9 *+ 6+9)'*5
O 6/+@'9
O6/+@'9
6/+@'9
O3/4
O3/4
O3/4
O
O
O
)6) +4 O2:8 ')+/:+
2/3+4:59 )54-+2'*59
- 658 8+22+45
O
3/4
O
:859
- 658 8+22+45
O
3/4
O
5))/L4 2+4:' 9/4 :'6'
#=/-:-6+1); 8):)
)07::): -6-:/O)
4 <)5)P7 +7::-+<7 ,- 4)
744)
,8+J8
.535-H4+'3+4:+
,8+J8
.535-H4+'3+4:+
-E:=:46 @==2D J D2CE6?6D 4FJ2 32D6 D62 8CF6D2 J A=2?2
$2D 32D6D :CC68F=2C6D 2=2C82? 6= E:6>A@ 56 4@44:\?
+6=644:@?6 6= E2>2Z@ 4@CC64E@ 56 =2 @==2 A2C2 4252
K@?2 56 4@44:\?
= 5:O>6EC@ 56 =2 32D6 56 =2 @==2 J 56
=2 D2CET? 5636 4@:?4:5:C 4@? 6= E2>2Z@ 56 =2 K@?2 56
4@44:\?
,6?82 AC6D6?E6 BF6 =@D 723C:42?E6D 56 C64:A:6?E6D
DF6=6? :?5:42C 6= 5:O>6EC@ DFA6C:@C 56 =2 @==2
$2
>2J@CW2 56 =2D G646D 6DE6 5:O>6EC@ 6D >2J@C BF6 6=
56 =2 32D6
-E:=:46 F?2 @==2 A6BF6Z2 A2C2 42?E:5256D C65F4:52D
-?2 @==2 8C2?56 42D: G24W2 C6BF:6C6 >F492 6?6C8W2
7479=- 4) <)8)
@=@BF6 D:6>AC6 E2A2D BF6 D6 2;FDE6? 2 =2D @==2D J =2D
D2CE6?6D
+: 4@4:?2 D:? E2A2 6= 4@?DF>@ 56 6?6C8W2
D6 >F=E:A=:42 A@C 4F2EC@
7+16): +76 87+) +)6<1,),
,- )/=)
@4:?6 4@? A@42 42?E:525 56 28F2
9@CC2CO 6?6C8W2
= 4@46C =2D G6C5FC2D 4@? A@42 28F2 4@?D6CG2CO =2D
G:E2>:?2D J =@D >:?6C2=6D
"-,=++1Q6 ,- <-58-:)<=:)
+6=644:@?6 F?2 A@D:4:\? 56 4@44:\? :?76C:@C
:-+)4-6<)51-6<7 :H81,7
DE2 7F?4:\? AF656 D6C FE:=:K252 4F2?5@ D6 BF:6C6
2=42?K2C COA:52>6?E6 =2 E6>A6C2EFC2 >OI:>2 J D6
56D62 A2D2C D68F:52>6?E6 2 F?2 E6>A6C2EFC2 56
>2?E6?:>:6?E@ J E@5@ 6==@ 56 7@C>2 2FE@>OE:42
;O ;- 8:7/:)5)
2-5847 ;- ,-;-) =<141B):
-4 61>-4 ,- 87<-6+1) +757
<-58-:)<=:) ,5)6<-6151-6<7
,@52D =2D K@?2D 56 4@44:\? 6DEO? 5@E252D 56 6DE2
7F?4:\?
*62=:46 =@D D:8F:6?E6D A2D@D
+6=644:@?6 =2 K@?2 56 4@44:\? J 6= ?:G6= 56
A@E6?4:2 56D625@ A@C 6;6>A=@ ,@BF6 =@D D6?D@C6D J 2= >:D>@ E:6>A@
? 6=
:?5:425@C D6 :=F>:?2CO? 2=E6C?252>6?E6 J 6= ?:G6=
56 A@E6?4:2 A@C 6;6>A=@ $2 7F?4:\? D6 923CO
24E:G25@
? 6D6 >@>6?E@ DF K@?2 56 4@44:\?
6DE2CO 7F?4:@?2?5@ 2= ?:G6= 56 A@E6?4:2 >OI:>@ ,C2?D4FCC:5@ F? E:6>A@ 6DE23=64:5@ G@=G6CO 2=
?:G6= :?:4:2= A@C 6;6>A=@ = AC642=6?E2>:6?E@
COA:5@ D6 923CO 56D24E:G25@
151<)+1Q6 )=<75H<1+) ,- <1-587
+: =2 K@?2 56 4@44:\? 6DEO 6? 7F?4:@?2>:6?E@ 5FC2?E6
F? A6CW@5@ 56 E:6>A@ AC@=@?825@ J ?@ D6 ==6G2 2 423@
?:?8F?2 >@5:7:424:\? 6? 6= 2;FDE6 D6 24E:G2 =2
=:>:E24:\? 56 E:6>A@ 2FE@>OE:42
= 42=6?E2>:6?E@ 56 =2 K@?2 56 4@44:\? D6 :?E6CCF>A6
? =2 :?5:424:\? 56 =2D K@?2D 56 4@44:\? A2CA2562
2=E6C?252>6?E6 F?2 J F? = E@42C 4F2=BF:6C A2?6= 56 >2?5@ D6 2A282 =2
:?5:424:\? G:DF2=
9@C2 D6 AF656 G@=G6C 2 AC@8C2>2C
F2?5@ D6 24E:G2 =2 =:>:E24:\? E6>A@C2= TDE2 D6 C:86
6? 7F?4:\? 56= ?:G6= 56 A@E6?4:2 D6=644:@?25@ 56 2
9@C2D
-;)+<1>)+1Q6 ,- 4) ;-P)4 )+S;<1+)
-?2 D6Z2= 24`DE:42 3C6G6 4@?7:C>2 BF6 D6 92 E@425@
F? >2?5@
DE2 D6Z2= AF656 56D24E:G2CD6
@?64E2C =2 A=242 56 4@44:\? 4@? 6= :?E6CCFAE@C
AC:?4:A2=
@=@42C =2D K@?2D 56 4@44:\? 6? 6= ?:G6= 56
A@E6?4:2 A282C =2D K@?2D 56 4@44:\? F?2 56DAFTD 56
@EC2 6>A6K2?5@ A@C =2 K@?2 56 4@44:\? 56C6492
,@42C 6= :?E6CCFAE@C AC:?4:A2= 5FC2?E6 D68F?5@D
4@>@ >W?:>@ EC2?D4FCC:5@ 6DE6 E:6>A@ DF6?2 F?
E@?@ 56 4@?7:C>24:\?
+6 AF656 G@=G6C 2 24E:G2C =2 4@?7:C>24:\? 56 6?EC252
(C@4656C :8F2= BF6 4@? =2 56D24E:G24:\?
=1,),7; A 41581-B)
&F?42 6>A=62C =:>A:25@C6D 2 2=E2 AC6D:\? @ A@C
49@CC@ 2 G2A@C
=1,),7;
1581-B) ,- 4)
>1<:7+-:H51+)
:7,=+<7; ,- 41581-B)
F:52C =2 A=242 56 4@44:\? 4@? F? AC@5F4E@ 56
=:>A:6K2 BF6 AC@E6;2 =2 G:EC@46CO>:42
= AC@5F4E@
4F3C6 =2 DFA6C7:4:6 56 4@44:\? 4@? F?2 A6=W4F=2
3C:==2?E6 BF6 C6A6=6 =2 DF4:6525
$2 A=242 56 4@44:\?
D6 >2?E6?5CO 3@?:E2 5FC2?E6 >OD E:6>A@
6 6DE6
>@5@ =2 =:>A:6K2 6D >OD 7O4:=
$:>A:2C =2 A=242 EC2D 4252 4@44:\?
6 6DE6 >@5@ D6
6G:E2CO BF6 =@D C6DE@D 56 4@>:52 D6 A68F6?
>A=62C `?:42>6?E6 AC@5F4E@D 56 =:>A:6K2
2564F25@D A2C2 G:EC@46CO>:42D A
6;
* $&
46C2c7:I +:5@= A2C2 G:EC@46CO>:42 246C@
$2D >2?492D 56 28F2 D6 6=:>:?2? 7O4:=>6?E6 4@?
=:>\? @ G:?28C6
:7,=+<7; ,- 41581-B)
16),-+=),7;
&@ 6>A=62C 32;@ ?:?8F?2 4:C4F?DE2?4:2
6DA@?;2D BF6 C2J6? AC@5F4E@D 23C2D:G@D @
56E6C86?E6D 4@CC@D:G@D 4@>@ DAC2JD A2C2 9@C?@D J
BF:E2>2?492D
(2C2 6=:>:?2C K@?2D 5@?56 =2 DF4:6525 6DEO
:?D4CFDE252 FE:=:K2C F?2 C2DBF6E2 56 G:5C:@
");9=-<) ,- >1,:17
)F:E2C 6= D68FC@ 56 =2 C2DBF6E2 56 G:5C:@
$:>A:2C =2 DFA6C7:4:6 56 =2 G:EC@46CO>:42 `?:42>6?E6
4@? =2 4F49:==2
= D@A@CE6 A@5CW2 C2J2C =2 G:EC@46CO>:42
$2 4F49:==2 6DEO >FJ 27:=252
L(6=:8C@ 56 =6D:@?6D
D68FC2C =2 4F49:==2 F?2 G6K 7:?2=:K252 =2 =:>A:6K2
*66>A=2K2C :?>65:2E2>6?E6 =2 4F49:==2 4F2?5@
AC6D6?E6 56DA6C764E@D
;O ;- 41581) 4) 84)+) ,+7++1Q6 >1<:7+-:H51+)
=:>:?2C =@D C6DE@D 56 4@>:52 J =2D D2=A:425FC2D 56
8C2D2 4@? =2 C2DBF6E2 56 G:5C:@
$:>A:2C =2 DFA6C7:4:6 2?E6D 56 BF6 D6 24236 56 6?7C:2C
A@C 4@>A=6E@ 4@? 6= AC@5F4E@ 56 =:>A:6K2 J A2A6= 56
4@4:?2
+: =2 DFA6C7:4:6 56 4@44:\? 2`? 6DEO >FJ
42=:6?E6 AF656? 2A2C646C >2?492D
$:>A:2C =2 DFA6C7:4:6 4@? F? A2Z@ 9`>65@ J D642C=2
7C@E2?5@ 4@? F? A2Z@ DF2G6
7:5)+1Q6 ,- 1:1;)+176-;
5-<H41+);
DE@D 42>3:@D 56 4@=@C D6 @C:8:?2? 2= 2A=:42C
AC@5F4E@D 56 =:>A:6K2 :?2564F25@D @ A@C 6= 56D82DE6
563:5@ 2= C@46 56 =@D C64:A:6?E6D
D >FJ 5:7W4:=
6=:>:?2C 6DE6 E:A@ 56 >2?492D
>A=66 +E29=c:I @
+:5@= A2C2 G:EC@46CO>:42 246C@
&F6DEC2 2D:DE6?4:2
ET4?:42 =6 @7C646 F? D6CG:4:@ ?@ 8C2EF:E@ A2C2 6=:>:?2C
=2D 564@=@C24:@?6D
)6-4-; ,- 5)6,7
1581-B) ,-4 5):+7
,- 4) 84)+) ,+7++1Q6
%2?E6?6C D:6>AC6 6DE2 K@?2 =:>A:2 J D642
$@D C6DE@D
56 4@>:52 J =@D =WBF:5@D BF6 92? C63@D25@ AF656?
2764E2C 6? DF 7F?4:@?2>:6?E@
>A=62C `?:42>6?E6 28F2 42=:6?E6 4@? F? A@4@ 56
;23\?
&@ FE:=:K2C ?:?8`? AC@5F4E@ 4@CC@D:G@ @ 23C2D:G@
&@
6>A=62C =2 C2DBF6E2 56 G:5C:@
(@5CW2 52Z2C 6= >2C4@
56 =2 A=242 56 4@44:\?
&@ FE:=:K2C =:>\? ?: G:?28C6 A2C2 =:>A:2C 6= >2C4@ 56 =2
A=242 56 4@44:\?
=8F?2D K@?2D A@5CW2? A6C56C 6= 3C:==@
7,7 ,- 8:7+-,-: )6<- =6) )>-:O)
>6?F5@ 4F2?5@ D6 AC@5F46 F?2 2G6CW2 D6 EC2E2 6?
C62=:525 56 AC@3=6>2D ET4?:4@D D:? :>A@CE2?4:2 BF6
D6 AF656? C6D@=G6C 7O4:=>6?E6
?E6D 56 ==2>2C 2=
D6CG:4:@ 56 2D:DE6?4:2 ET4?:42 D6 5636CW2? E6?6C 6?
4F6?E2 =@D D:8F:6?E6D 4@?D6;@D J 25G6CE6?4:2D ) 84)+) ,- +7++1Q6 67
.=6+176)
@>AC@32C D: 6= 2A2C2E@ C64:36 4@CC:6?E6
@>AC@32C
D: 6= 7FD:3=6 @ 6= >2?5@ ! D@? =@D 42FD2?E6D 56 BF6
D2=E6 6= 5:DA@D:E:G@ 6=T4EC:4@
6 <7,7; 47; 16,1+),7:-;
,- 4) B76) ,- +7++1Q6
8):8),-) =6) A ;=-6)
=6) ;-P)4 )+S;<1+)
$2 DFA6C7:4:6 56 =@D >2?5@D D6 6?4F6?EC2 >FJ DF4:2
=2 4@>:52 D6 56D3@C52 @ 92J F? @3;6E@ 6? =2
DFA6C7:4:6 56 EC232;@
$:>A:2C 2 7@?5@ =2 DFA6C7:4:6 56
=@D >2?5@D @ BF:E2C 6= @3;6E@ 56 =2D DFA6C7:4:6 56
EC232;@
,@42C =:86C2>6?E6 =2 DFA6C7:4:6 56 =@D >2?5@D
2764E252
= A2CA256@ 46D2
) 84)+) ,- +7++1Q6 ;- 0)
)8)/),7
+6 92 E@425@ 6= :?E6CCFAE@C AC:?4:A2= 56 >2?6C2
:?G@=F?E2C:2
.@=G6C 2 6?46?56C =2 A=242 56 4@44:\?
764EF2C 56 ?F6G@ 6= 2;FDE6
4 -6+-6,-: 4) 84)+) ,+7++1Q6 ;)4<) -4 .=;1*4- ,4) :-, -4M+<:1+)
D68FC2CD6 56 BF6 =2 A@E6?4:2 23D@C3:52 56 E@5@D =@D
2A2C2E@D BF6 6DEO? 7F?4:@?2?5@ ?@ 6I4652 6= G2=@C
>OI:>@ 56 DF 24@>6E:52
@>AC@32C D: D2=E2 6=
7FD:3=6 2= 6?46?56C @EC2 K@?2 56 4@44:\?
"-8):)+176-;
); :-8):)+176-; ;Q47 ;-:H6 :-)41B),); 87:
8-:;76)4 +=)41.1+),7 ,-4 ;-:>1+17 ,- );1;<-6+1)
<M+61+)
6,1+)+1Q6 A 6S5-:7;
42FD2 56 F?2 C6A2C24:\? :?2564F252 56= 2A2C2E@
AF656 D6C BF6 6= FDF2C:@ D6 6IA@?82 2 A6=:8C@D
8C2G6D
F2?5@ 6? 6= A2?6= :?5:425@C 2A2C646? F?2 J
F?2D 4:7C2D 6= D:DE6>2 6=64EC\?:4@ :?5:42 F? 72==@
ET4?:4@
6D4@?64E2C 6= 2A2C2E@ 56 =2 C65 6=T4EC:42 J
4@?64E2C=@ 56 ?F6G@
4F5:C 2= D6CG:4:@ 56 2D:DE6?4:2
ET4?:42 6? 42D@ 56 BF6 6DE6 :?5:425@C D6 :=F>:?6 56
?F6G@
6,1+)+1Q6 A 6S5-:7;
F2?5@ 6? 6= :?5:425@C 2A2C646 56 >2?6C2 2=E6C?2
F?2 J F?2 4:7C2 6= 2A2C2E@ >F6DEC2 BF6 D6 92
AC@5F4:5@ F? 72==@ ET4?:4@
? =2 D:8F:6?E6 E23=2
6?4@?EC2CO =2D >65:52D A2C2 =2 C6A2C24:\? 56 72==@D
ET4?:4@D
% 7%
- *,#
##&
!+ .' 685*;)/*5 ;4 +8858
/4:+845 +4 +2
,;4)/54'3/+4:5 *+ 2'
62')'
+9)54+):'8 2' 62')' *+ )5))/L4 *+ 2' 8+* +2H):8/)'
96+8'8 ;459 9+-;4*59 ? <52<+8 ' )54+):'82' *+ 4;+<5
!/ 2' /4*/)')/L4 6+89/9:+ '</9+ '2 9+8</)/5 :H)4/)5
' 62')' *+ )5))/L4 +9:B
*+3'9/'*5 )'2/+4:+ ? 9+
.' '6'-'*5
+:/8'8 259 8+)/6/+4:+9 *+ 2'9 @54'9 *+ )5))/L4 *+2'4:+8'9
9+ '6'-' :5)'4*5 2' 9;6+8,/)/+ *+ 3'4*5 9/ 2' 62')' 9+
.' +4,8/'*5 25 9;,/)/+4:+
' 62')' +9:B *+3'9/'*5
)'2/+4:+ ? 9+ .' '6'-'*5
53685('8 9/ .'? '2-N4 8+)/6/+4:+ )'2/+4:+ 95(8+ +2 6'4+2
*+ 3'4*5 +:/8'8 +2 8+)/6/+4:+ *+2 6'4+2 *+ 3'4*5
96+8'8 ;459 3/4;:59 .'9:' 7;+ +2 6'4+2 *+ 3'4*5 9+
.'?' +4,8/'*5 ;4 65)5 !/ :8'9 2' )54+>/L4 <;+2<+ '
'6'8+)+8 22'3'8 '2 9+8</)/5 *+ '9/9:+4)/'
' @54' *+ )5))/L4 .'
+9:'*5 ,;4)/54'4*5
*+3'9/'*5 :/+365 '
65:+4)/' +2+<'*' ? *+
,583' /4/4:+88;36/*'
!+ .' '):/<'*5 2' 2/3/:')/L4 ';:53B:/)' *+2 :/+365
'8' )54:/4;'8 )54 2' )5))/L4 :57;+ );'27;/+8 9+4958
' 62')' *+ )5))/L4 45
+9:B (/+4 )54+):'*'
+9)54+):'8 2' 62')' *+ )5))/L4 *+ 2' 8+* +2H):8/)'
53685('8 +2 +97;+3' *+ )54+>/L4 ? <52<+8 ' )54+):'82'
*+ ,583' )588+):'
!/ 2' /4*/)')/L4 6+89/9:+ '</9'8 '2 9+8</)/5 *+ '9/9:+4)/'
:H)4/)'
5*)4)2- A )8):)<7; =;),7;
41516)+1Q6 ,- :-;1,=7;
:-;8-<=7;) +76 -4 5-,17
)5*1-6<-
6D6?GF6=G2 6= 2A2C2E@ J 56D9O82D6 56= 6>32=2;6 56
>2?6C2 C6DA6EF@D2 4@? 6= >65:@ 2>3:6?E6
DE6 2A2C2E@ 4F>A=6 4@? =2 :C64E:G2 6FC@A62
D@3C6 2A2C2E@D 6=T4EC:4@D J 6=64EC\?:4@D
:56?E:7:4252 4@>@ / *6D:5F@D 56 2A2C2E@D
6=T4EC:4@D J 6=64EC\?:4@D
$2 5:C64E:G2 AC@A@C4:@?2 6= >2C4@ 86?6C2= GO=:5@ 6?
E@5@ 6= O>3:E@ 56 =2 -?:\? FC@A62 A2C2 =2 C6E:C252 J
=2 C6FE:=:K24:\? 56 =@D C6D:5F@D 56 =@D 2A2C2E@D
6=T4EC:4@D J 6=64EC\?:4@D
#-:>1+17 ,- );1;<-6+1) <M+61+)
+: DF 2A2C2E@ 5636 C6A2C2CD6 29W 6DEO ?F6DEC@ D6CG:4:@
56 2D:DE6?4:2 ET4?:42
$2 5:C644:\? J 6= ?`>6C@ 56
E6=T7@?@ 56= AF?E@ 56 2E6?4:\? 2= 4=:6?E6 >OD AC\I:>@
D6 6?4F6?EC2? 6? =2 8FW2 E6=67\?:42
$@D 46?EC@D 56
2E6?4:\? 2= 4=:6?E6 D6Z2=25@D E2>3:T? =6 :?5:42CO?
2>23=6>6?E6 6= AF?E@ >OD 46C42?@
D ,- 8:7,=+<7 A 6D ,.)*:1+)+1Q6
+: D6 D@=:4:E2 ?F6DEC@ D6CG:4:@ 56 2D:DE6?4:2 ET4?:42 D6
5636 724:=:E2C 6= ?`>6C@ 56 AC@5F4E@ c&C
J 6=
?`>6C@ 56 723C:424:\? c&C
56= 2A2C2E@
$2 6E:BF6E2 56 42C24E6CWDE:42D D6 6?4F6?EC2 A68252
6? =2 A2CE6 :?76C:@C 56 =2 A=242 56 4@44:\? J 6? 6DE6
>2?F2= 56 :?DECF44:@?6D 56 FD@
E6,1+ 9=- ,->- <-: -5 )<-6KJ7 ?E6D 52 >@?E286> !?5:42R^6D 56 D68FC2?R2 2FD2D 56 52?@D )5141):1B):V;- +75 7 )8):-407 ' A2:?6= 56 4@>2?5@D D K@?2D 56 4@K:?92C !?5:42RQ@ 56 42=@C C6D:5F2= 6<-::=8<7: 8:16+18)4 +75 .-+07 ,- ;-/=:)6K)
8):) +:1)6K); !?E6CCFAE@C AC:?4:A2= 649@ 56 D68FC2?R2 A2C2 4C:2?R2D 7B-: @>@ C68F=2C ,236=2 @?D6=9@D A2C2 A@FA2C 6?6C8:2 :MV)9=-+15-6<7 :H81,7 @>@ D6 AC@8C2>2 151<- ,- <-587 )=<75H<1+7 -;41/): ) +76.1:5)KJ7 ,) 16<:7,=KJ7 ,- ,),7; )6=<-6KJ7 - 4158-B) %2?FE6?RQ@ $:>A6K2 52 G:EC@46CP>:42 $:>A6K2 5@ 7C:D@ 52 A=242 :7+-,15-6<7 -5 +);7 ,- )675)41) 5*)4)/-5 - )8):-407 )6<1/7 #-:>1K7; ,- ;;1;<N6+1) $M+61+) 9=- ,->- <-: -5 )<-6KJ7
-1) +=1,),7;)5-6<- 7 8:-;-6<- 5)6=)4 ,16;<:=KR-; ;O BF6 E2= =96 A6C>:E:CO FE:=:K2C 56 7@C>2
D68FC2 6 4@CC64E2 2 DF2 A=242 56 4@K:?92C
F2C56 36> @ >2?F2= 56 :?DECFR^6D 56 FE:=:K2RQ@ 6
>@?E286> 36> 4@>@ @ A2DD2A@CE6 5@ 2A2C6=9@
+6 A2DD2C @ 2A2C6=9@ 2 @FEC2 A6DD@2 ;F?E6c=96 2D
:?DECFR^6D
6<-; ,) 576<)/-5
)67; ,- <:)6;87:<-
!?DA644:@?6 >:?F4:@D2>6?E6 @ 2A2C6=9@ 56A@:D 56 @
C6E:C2C 52 6>32=286>
&@ 42D@ 56 56E64E2C 2=8F>
52?@ 42FD25@ A6=@ EC2?DA@CE6 ?Q@ 4@=@BF6 @
2A2C6=9@ 6> 7F?4:@?2>6?E@
1/)KR-; -4M+<:1+);
?E6D 56 4@=@42C @ 2A2C6=9@ 6> 7F?4:@?2>6?E@ A6=2
AC:>6:C2 G6K 46CE:7:BF6cD6 56 BF6 2 E@>252 E6>
=:82RQ@ N E6CC2 6 BF6 4F>AC6 E@52D 2D 5:DA@D:R^6D 56
D68FC2?R2 6> G:8@C
>@?E286> 6 =:82RQ@ 5@
2A2C6=9@ D\ 56G6CQ@ D6C 6764EF252D A@C F> ET4?:4@
2FE@C:K25@
+6 @ 2A2C6=9@ 7@C 4@=@425@ 6> 7F?4:@?2>6?E@ D6>
=:82RQ@ 4@CC64E2 5@ 3@C?6 56 E6CC2 @F 2A\D =:82RQ@
:?256BF252 E2= A@56 6>3@C2 6> 42D@D >F:E@ C2C@D
AC@G@42C 76C:>6?E@D 7WD:4@D 8C2G6D @F 4@?5FK:C N
>@CE6
' 723C:42?E6 ?Q@ D6 C6DA@?D23:=:K2 A@C BF2:DBF6C
52?@D C6DF=E2?E6D 56 F>2 FE:=:K2RQ@ :?4@CC64E2 @F 56
=:82R^6D 6=T4EC:42D :?256BF252D
6,1+)KR-; ,;-/=:)6K)
F4-7 - /7:,=:) ,-5);1),7
9=-6<-;
DE6 2A2C6=9@ 56DE:?2cD6 2A6?2D 2 FD@ 5@>TDE:4@
-E:=:K6 2 A=242 56 4@K:?92C 6I4=FD:G2>6?E6 A2C2 2
AC6A2C2RQ@ 56 2=:>6?E@D
' \=6@ @F 8@C5FC2 56>2D:25@ BF6?E6D DQ@ 724:=>6?E6
:?7=2>OG6:D
(6C:8@ 56 :?4U?5:@
&F?42 2BF6R2 \=6@ @F 8@C5FC2 D6> G:8:=P?4:2
&@ 42D@ 56 @ \=6@ D6 :?46?5:2C ?F?42 E6?E6 6IE:?8F:C
@ :?4U?5:@ 4@> O8F2
@=@BF6 :>65:2E2>6?E6 F>2 E2>A2 @F AC2E@ A@C
4:>2
6D=:8F6 2 K@?2 56 4@K:?92C
6:I6 @ C64:A:6?E6 2CC67646C ?2 K@?2 56 4@K:?92C
(76); ,- +7B160): 9=-6<-;
&Q@ E@BF6 6> K@?2D 56 4@K:?92C BF6?E6D
(6C:8@ 56
BF6:>25FC2D
%2?E6?92 A@C AC:?4WA:@ 2D 4C:2?R2D 272DE252D
:?5:42RQ@ 56 42=@C C6D:5F2= 2=6CE2 A2C2 2 6I:DEU?4:2 56
K@?2D 56 4@K:?92C BF6?E6D
&F?42 4@=@BF6 @3;64E@D :?7=2>OG6:D D@3C6 2 A=242 56
4@K:?92C
(6C:8@ 56 :?4U?5:@
+6 6I:DE:C F>2 82G6E2 D@3 2 A=242 56 4@K:?92C ?Q@
56G6CO 8F2C52C ?6=2 BF2:DBF6C @3;64E@D :?7=2>OG6:D
@F C64:A:6?E6D 5@ E:A@ 26C@DD@=
(6C:8@ 56 :?4U?5:@
'D 423@D 56 =:82RQ@ 56 2A2C6=9@D 6=T4EC:4@D ?Q@
56G6> E@42C ?2D K@?2D 56 4@K:?92C BF6?E6D F>2 G6K
BF6 @ :D@=2>6?E@ 5@D 423@D 6 2 A=242 56 4@K:?92C
A@56> 7:42C 52?:7:425@D
);-; ,- :-+181-6<-; B76); ,- +7B160):
5740),);
AC6D6?R2 56 =WBF:5@D 6?EC6 2 32D6 5@ C64:A:6?E6 6 2
K@?2 56 4@K:?92C A@56 86C2C AC6DDQ@ 56 G2A@C:K2RQ@
DE2 AC6DDQ@ A@56 72K6C 4@> BF6 @ C64:A:6?E6 D2=E6
56 C6A6?E6
(6C:8@ 56 76C:>6?E@
%2?E6?92 2 K@?2 56 4@K:?92C 6 2D 32D6D 5@D
C64:A:6?E6D D6>AC6 D64@D
)40); 6) >1<:7+-:I51+)
&@ 42D@ 56 @4@CC6C6> CFAEFC2D C2492D @F 7:DDFC2D ?2
G:EC@46CP>:42 6I:DE6 @ A6C:8@ 56 49@BF6 6=T4EC:4@
6D=:8F6 :>65:2E2>6?E6 @ 2A2C6=9@
6D=:8F6 @ 7FDWG6= 5@ 2A2C6=9@ ?2 42:I2 56 7FDWG6:D
@?E24E6 @ +6CG:R@ 56 DD:DEU?4:2 ,T4?:42
B76) ,- +7B160):
)9=-+- 5); ) 16,1+)KJ7
6J7 .=6+176)
+6 2 K@?2 56 4@K:?92C 2BF646 >2D 2 :?5:42RQ@ ?Q@
7F?4:@?2 56D=:8F6 2 K@?2 56 4@K:?92C
(6C:8@ 56
BF6:>25FC2D
@?E24E6 @ +6CG:R@ 56 DD:DEU?4:2 ,T4?:42
"-8):)KR-; 16,->1,);
D C6A2C2R^6D :?56G:52D DQ@ A6C:8@D2D
(6C:8@ 56
49@BF6 6=T4EC:4@
D C6A2C2R^6D D\ A@56> D6C 6764EF252D A@C ET4?:4@D
6DA64:2=:K25@D 5@ +6CG:R@ 56 DD:DEU?4:2 ,T4?:42
)F2=BF6C :?E6CG6?RQ@ ?@ 2A2C6=9@ :?4=F:?5@ 2
DF3DE:EF:RQ@ @F 4@?6IQ@ 5@ 423@ 56 =:82RQ@ 56G6CQ@
D6C =6G252D 2 423@ A6=@ +6CG:R@ 56 DD:DEU?4:2
,T4?:42
)*7 ,- 41/)KJ7
' .=6+176)5-6<7 16<-:51<-6<- 5@D 5:D4@D ?Q@ T
F>2 2G2C:2 6DE6D 7F?4:@?2> D6>AC6 4@> 2 A@EU?4:2
>OI:>2 6> A6CW@5@D 56 =:825@ 6 56D=:825@ >2:D @F
>6?@D =@?8@D 6> 7F?RQ@ 5@ ?WG6= 56 A@EU?4:2
D6=644:@?25@
)F2?E@ >2:D 6=6G25@ 7@C @ ?WG6= 56 A@EU?4:2 >2:D
=@?8@ T @ E6>A@ 56 7F?4:@?2>6?E@ 6 >2:D 6=6G252 2
E6>A6C2EFC2 2=42?R252
)=;); ,- ,)67;
);-; ,- <)+07; - 8)6-4);
D 32D6D ODA6C2D 56 E249@D 6 A2?6=2D C:D42> 2
G:EC@46CP>:42
.6C:7:BF6 D6 @D D6FD C64:A:6?E6D 6DEQ@
6> 3@2D 4@?5:R^6D
G:E6 56:I2C @D E249@D 6 A2?6=2D 2@ =F>6 D6> ?252
56?EC@ D@3C6EF5@ @D C64:A:6?E6D 56 6D>2=E6 6 56
2=F>W?:@
!DD@ A@56 AC@G@42C 52?@D ?2 32D6 5@
C64:A:6?E6 6 ?2 G:EC@46CP>:42
&@ 42D@ 56 FE:=:K2C =@FR2 6DA64:2= 4@?DF=E6 2D
:?DECFR^6D 5@ 723C:42?E6
$)+07; - 8)6-4); 9=-6<-;
&F?42 4@=@BF6 E249@D 6 A2?6=2D BF6?E6D D@3C6 @
A2:?6= 56 4@>2?5@D 52 K@?2 :?5:425@C2 @F D@3C6 @
7C:D@
(@56> @4@CC6C 52?@D
#)4 )KS+): - ):-1)
' D2= @ 2R`42C 6 8CQ@D 56 2C6:2 AC@G@42> C:D4@D ?2
G:EC@46CP>:42
&Q@ FE:=:K6 2 A=242 56 4@K:?92C 4@>@
32?4252 @F DFA6C7W4:6 56 EC232=9@
*2-+<7; ,=:7; 876<1)/=,7;
BF652 56 @3;64E@D 5FC@D 6 A@?E:28F5@D D@3C6 2
A=242 56 4@K:?92C A@56 AC@G@42C 52?@D
&Q@ 8F2C56 6DE6 E:A@ 56 @3;64E@D 6> DWE:@D A@C 4:>2
52 A=242 56 4@K:?92C
751,) )::=.),)
' 2R`42C 6 AC2E@D 7@CE6>6?E6 2RF42C25@D 52?:7:42> 2
A=242 56 4@K:?92C
*6>@G2 @D C6DE@D 56 4@>:52
2CCF7252 :>65:2E2>6?E6 4@> F> C2DA25@C
F:525@ ' C2DA25@C E6> F>2 =P>:?2 27:252
740); - 5)<M:1); 84H;<1+);
D 7@=92D 56 2=F>W?:@ 6 @D C64:A:6?E6D A=ODE:4@D
56CC6E6> BF2?5@ 4@=@425@D D@3C6 K@?2D 56 4@K:?92C
BF6?E6D
D A6=W4F=2D 56 AC@E64RQ@ 5@ 7@8Q@ ?Q@ DQ@
256BF252D A2C2 2 A=242 56 4@K:?92C
@-5847; ,- 87;;O>-1;
,)67;
'D 52?@D 2 D68F:C 56D4C:E@D ?Q@ 6I6C46> BF2=BF6C
:?7=FU?4:2 ?@ 7F?4:@?2>6?E@ ?6> ?2 C6D:DEU?4:2 52
G:EC@46CP>:42
-9=-67; ;=4+7;
AC@G@425@D A@C 2RF42C 56CC6E:5@ @F AC2E@D
7@CE6>6?E6 2RF42C25@D
"1;+7;
AC@G@425@D A@C 8CQ@D 56 D2= 56 2R`42C @F 56 2C6:2
@F 2:?52 A@C 32D6D ODA6C2D 56 E249@D 6 A2?6=2D
-;+747:)KR-; 5-<H41+); 1:1,-;+-6<-;
AC@G@4252D A6=@ 2CC2DE2C 52D A2?6=2D @F A@C
>2E6C:2:D 56 =:>A6K2 :>AC\AC:@D
-+7:)KJ7 -;5-:14),)
56G:5@ N FE:=:K2RQ@ 56 AC@5FE@D 56 =:>A6K2
:>AC\AC:@D
DE6D 52?@D 42FD25@D A6=@ FD@ :?256BF25@ ?Q@
6DEQ@ :?4=FW5@D ?2 82C2?E:2 A6=@ 724E@ 56 ?Q@ D6C6>
AC@3=6>2D ET4?:4@D 5@ 2A2C6=9@
)5141):1B):V;- +75 7 )8):-407
&@ AC6D6?E6 42AWEF=@ :C6>@D 56D4C6G6C @D A2:?T:D 56
4@>2?5@D 2D K@?2D 56 4@K:?92C 6 2D :?5:42R^6D
DE6D G2C:2> 4@?7@C>6 @ E:A@ 56 2A2C6=9@
8)16-4 ,+75)6,7;
% 38* ')
65:I4)/' *+ )5@+*;8' O 6854:/*D5 56+8')/54'2 )'258 8+9/*;'2 &% &$%&*
')
4:+88;6:58 68/4)/6'2
(76); ,- +75)6,7
&% &$%&*
')
@54' *+ )5@/4.'8 *+
*;625 )/8);/:5
&%* &$%& ')
+-;2'FD5 *' 65:I4)/' *+
)5@+*;8'
+6>AC6 BF6 E@42C ?F> DW>3@=@ 2 C6DA64E:G2 7F?RQ@
T 24E:G252
I6>A=@ ,@42C ?@ DW>3@=@ DF2 A=242 T =:825@
7<)
D C68F=2R^6D ?Q@ D@7C6> BF2=BF6C 2=E6C2RQ@ D6
E@42C >@>6?E2?62>6?E6 6> GOC:@D 42>A@D
DD:>
A@56CO =:>A2C D6> AC@3=6>2D @D 2=:>6?E@D BF6
EC2?D3@C52C2> ?2 K@?2 56 C68F=2RQ@
%2?E6?92 2D K@?2D 56 4@>2?5@ D6>AC6 =:>A2D 6
D642D
9F>:5256 6 2 DF;:5256 AC6;F5:42> @
7F?4:@?2>6?E@
; B76); ,+7B160):
(76) ,- +7B160): ,+1:+=1<7 ;1584-;
DE2D K@?2D 56 4@K:?92C ?Q@ A6C>:E6> >@5:7:42C @
E2>2?9@ 52 OC62 56 4@K:?92C
(@C :DD@ 6D4@=92 2 K@?2 56 4@K:?92C 256BF252 A2C2
@ C64:A:6?E6
' E2>2?9@ 52 32D6 5@D E249@D 6 A2?6=2D 6 @
5:P>6EC@ 52D K@?2D 56 4@K:?92C 56G6> 4@:?4:5:C
(76); ,- +7B160): ,,=847 +1:+=1<7
DE2D K@?2D 56 4@K:?92C A6C>:E6> >@5:7:42C @
E2>2?9@
K@?2 56 4@K:?92C E6> 56 6DE2C =:8252
$:82C @ 4:C4F:E@ 56 2BF64:>6?E@ 6IE6C?@
,@42C ?@ DW>3@=@
=P>A252 :?5:425@C2
246?56cD6
6D=:82C
,@42C ?@G2>6?E6 ?@ DW>3@=@
=P>A252
:?5:425@C2 2A282cID6
@ =:82C 2 K@?2 56 4@K:?92C T 2FE@>2E:42>6?E6
D6=644:@?25@ @ `=E:>@ E2>2?9@ 6D4@=9:5@
6,1+)KJ7 ,- +)47:
:-;1,=)4
A=242 56 4@K:?92C 5:DA^6 56 F>2 :?5:42RQ@ 56 42=@C
C6D:5F2= A2C2 4252 K@?2 56 4@K:?92C
DE2 :?5:42
BF2:D 2D K@?2D 56 4@K:?92C BF6 2:?52 6DEQ@ BF6?E6D
:?5:42RQ@ 56 42=@C C6D:5F2= A@DDF: 5@:D ?WG6:D
+6 2 :?5:42RQ@ >@DEC2C F> :DD@ D:8?:7:42 BF6 2
K@?2 56 4@K:?92C 2:?52 6DEO BF6?E6
(@56 FE:=:K2C 6DE6
42=@C A@C 6I6>A=@ A2C2 >2?E6C A6BF6?2D C676:R^6D
BF6?E6D @F A2C2 56CC6E6C 4@36CEFC2D
)F2?5@ 2 K@?2 56 4@K:?92C 2CC67646C 2:?52 >2:D 2
:?5:42RQ@ A2DD2 2 >@DEC2C F> :?5:42RQ@ 56D=:82
BF2?5@ 2 K@?2 56 4@K:?92C E:G6C 2CC6764:5@ @
DF7:4:6?E6
<-6KJ7
A\D F>2 72=92 56 4@CC6?E6 @ :?5:425@C 56 42=@C
C6D:5F2= ?Q@ G@=E2 2 =:82C
&@ 6?E2?E@ 2D K@?2D 56
4@K:?92C A@56> 2:?52 6DE2C BF6?E6D
6<-::=8<7: 8:16+18)4 +75 .-+07 ,;-/=:)6K) 8):) +:1)6K);
6<-::=8<7: 8:16+18)4
' :?E6CCFAE@C AC:?4:A2= A6C>:E6c=96 =:82C @ D:DE6>2
6=64EC\?:4@ 5@ A2:?6= 56 4@>2?5@D
A=242 56
4@K:?92C 6DEO 28@C2 AC@?E2 2 7F?4:@?2C
1/):
,@BF6 ?@ DW>3@=@ 2ET 2D :?5:42R^6D 52D K@?2D
56 4@K:?92C 246?56C6>
-;41/):
,@BF6 ?@ DW>3@=@ 2ET 2D :?5:42R^6D 52D K@?2D
56 4@K:?92C 2A282C6>
,@52D 2D K@?2D 56 4@K:?92C
DQ@ 56D=:8252D
A6?2D D6 >2?ET> 2 :?5:42RQ@ 56
42=@C C6D:5F2= 2ET BF6 2D K@?2D 56 4@K:?92C E6?92>
2CC6764:5@ DF7:4:6?E6>6?E6
7<);
A=242 56 4@K:?92C 56D=:82cD6 2FE@>2E:42>6?E6 D6
E@52D 2D K@?2D 56 4@K:?92C 7:42C6> 56D=:8252D A@C
F> E6>A@ DFA6C:@C 2 D68F?5@D
+6 2A\D 2 =:82RQ@ 52 A=242 56 4@K:?92C 2:?52 6I:DE:C
42=@C C6D:5F2= 2D :?5:42R^6D 52 K@?2 56 4@K:?92C
A:D42> 2=E6C?252>6?E6 >@DEC2?5@ 6 -+07 ,;-/=:)6K) 8):)
+:1)6K);
(2C2 6G:E2C BF6 2D 4C:2?R2D =:8F6> 2D K@?2D 56
4@K:?92C A@56 3=@BF62C 2 A=242 56 4@K:?92C 4@?EC2
=:82RQ@ :?25G6CE:52
' 7649@ 56 D68FC2?R2 A2C2
4C:2?R2D A6C>2?646 24E:G@ 56 >@5@ A6C>2?6?E6
+<1>): 7 .-+07 ,;-/=:)6K) 8):) +:1)6K);
$:82C 2 A=242 56 4@K:?92C 4@> @ :?E6CCFAE@C AC:?4:A2=
*68F=6 2D K@?2D 56 4@K:?92C A2C2 2 A@EU?4:2 56
4@K65FC2 6D=:8F6 2D K@?2D 56 4@K:?92C 4@>6R2?5@ 52
5:C6:E2 A2C2 2 6DBF6C52
,@BF6 ?@ :?E6CCFAE@C AC:?4:A2= 5FC2?E6 A6=@ >6?@D
D68F?5@D 564@CC:5@ 6DE6 E6>A@ D@2 F> D:?2= 56
4@?7:C>2RQ@
' 7649@ 56 D68FC2?R2 A2C2 4C:2?R2D 6DEO
24E:G25@
%<141B): ) 84)+) ,- +7B160):
,@BF6 ?@ :?E6CCFAE@C AC:?4:A2= 5FC2?E6 >2:D 56
bD68F?5@D D6>AC6 BF6 =:82C 2 A=242
FC2?E6 6DE6
:?E6CG2=@ 56 E6>A@ 2 :?5:42RQ@ 6?4@?EC2cD6 2
A:D42C
DD:> BF6 2 :?5:42RQ@ 2A282C 2 A=242 56
4@K:?92C 7:42 =:8252
-;)+<1>): 7 .-+07 ,;-/=:)6K) 8):) +:1)6K);
' 7649@ 56 D68FC2?R2 A2C2 4C:2?R2D A@56 G@=E2C 2 D6C
56D24E:G25@
+:82 6I24E2>6?E6 @ >6D>@
AC@465:>6?E@ FE:=:K25@ A2C2 24E:G2C
479=-): ) 84)+) ,+7B160): ,- 57,7
-;87:H,1+7
(@56 3=@BF62C 2 A=242 56 4@K:?92C 6> 42D@D
6DA64W7:4@D 4@>@ A@C 6I6>A=@ BF2?5@ C64636
G:D:E2D 4@> 4C:2?R2D A6BF6?2D
A=242 56 4@K:?92C E6> 56 6DE2C 56D=:8252
,@BF6 ?@ :?E6CCFAE@C AC:?4:A2= 5FC2?E6 >2:D 56
D68F?5@D
D :?5:42R^6D 52 K@?2 56 4@K:?92C
2A282>
:?5:42RQ@ 246?56cD6 5FC2?E6
bD68F?5@D 6 G@=E2 2 2A282CcD6
A=242 56 4@K:?92C
T 3=@BF6252
6=4): 7 *479=-17
-;87:H,1+7
,@BF6 ?@ :?E6CCFAE@C AC:?4:A2= 5FC2?E6 >2:D 56
D68F?5@D
A=242 56 4@K:?92C 6DEO =:8252
'
3=@BF6:@ 7@: 2?F=25@
<-6KJ7
' 7649@ 56 D68FC2?R2 A2C2 4C:2?R2D A@56 D6C
24E:G25@ @F 56D24E:G25@ :?25G6CE:52>6?E6 2EC2GTD 52
O8F2 5FC2?E6 2 =2G286> 4@>:52 2CCF7252 @F @3;64E@D
6?4@DE25@D 2@ :?E6CCFAE@C AC:?4:A2= 7B-:
(76) ,- +75)6,7; - ' AC6D6?E6 42AWEF=@ 6IA=:42 2 7@C>2 56 C68F=2C 2D
K@?2D 56 4@K:?92C
E236=2 4@?ET> 2D A@EU?4:2D 56
4@K65FC2 6 @D E6>A@D 56 4@K65FC2 A2C2 @D 5:76C6?E6D
AC2E@D
'D 4@?D6=9@D AC6DE25@D ?@ 7:?2= 2;F52> 2
A@FA2C 6?6C8:2
*68F=6 2 A@EU?4:2 56 4@K65FC2 56D6;252 2EC2GTD 5@D
DW>3@=@D 6 (@EU?4:2 56 4@K65FC2 A@EU?4:2 >W?:>2
(@EU?4:2 56 4@K65FC2 A@EU?4:2 >OI:>2
252 A@EU?4:2 56 4@K65FC2 A@DDF: F>2 72D6
:?E6C>T5:2 BF6 D6 6?4@?EC2 2DD:?2=252 4@> F>
A@?E@
757 :-/=4):
A=242 56 4@K:?92C E6> 56 6DE2C =:8252
,@BF6 ?@ DW>3@=@ @F &2 :?5:42RQ@ 4@>6R2 2 A:D42C 6?EC@ 5@D D68F?5@D D68F:?E6D E@BF6 ?@
DW>3@=@ @F C68F=2RQ@ 32D6 T >@DEC252
+W>3@=@ A@EU?4:2 56 4@K65FC2 +W>3@=@ A@EU?4:2 56 4@K65FC2 =E6C2C 2 A@EU?4:2 56 4@K65FC2
,@BF6 ?@ DW>3@=@ @F 2ET 2 A@EU?4:2 56
4@K65FC2 56D6;252 2A2C646C
4<-:): ) 87<N6+1) ,+7B-,=:)
A@EU?4:2 56 4@K65FC2 A@56 D6C 2=E6C252 6>
BF2=BF6C 2=EFC2
-;41/): ) B76) ,- +7B160):
,@BF6 ?@ DW>3@=@ 2ET 2A2C646C
+6 E:G6C C68F=25@ F>2 A@EU?4:2 56 4@K65FC2 >2:D
2=E2 A@56 E2>3T> E@42C ?@ DW>3@=@ 2ET 2A2C646C
.@=E6 2 E@42C ?@ DW>3@=@ @ 2A2C646
K@?2 56 4@K:?92C 56D=:82cD6 6 2A\D 2AC@I
D68F?5@D 2A2C646 2 :?5:42RQ@ 56 42=@C C6D:5F2=
$)*-4)
E236=2 2 D68F:C 4@?ET> 2=8F?D 6I6>A=@D
'D E6>A@D 56 4@K65FC2 56A6?56> 5@ E:A@ A6D@ 6
BF2=:5256 5@D AC2E@D 2 4@?7644:@?2C A6=@ BF6 DQ@
A@DDWG6:D 5:G6C8U?4:2D
,%+ &+5% %6 & &)+ &0,)
&+5% &%+ %,32&
&0,)
$'& ,)32&
&%+ %,32& &0,)
))+)
.5)52':+ )5(+8:;8'9
3'4:+/-' 3+2
+2':/4'
6')
O
O
O
O
O
O
(,)
+-;3+9 +42':'*59
'2*59
!56' *+ 2+-;3+9
+/:+
-O32O
2
32O
2
32O32
O3/4
O3/4
O3/4
O3/4
O
O
O
O
O3/4
O3/4
O3/4
O3/4
(,) $%+) (,%+
;/9'*59 658 +> -;/9'*5
*+ 2+4:/2.'9
-O+/:+
32O
2
O3/4
O3/4
O
O
*&%#) (,)
96/4',8+9 ;2:8')54-+2'*59
;2'9). ;2:8')54-+2'*5
-O-O
1-
O3/4
O3/4
O
O
O
3/4
O3/4
&0 %) #%+$%+
5259 *+ (':':'
'23M4*+-'9
O2 B-;'
+/>+
O;4/*'*+9
-O-
O
3/4
O3/4
O
O
O3/4
O
3/4
,%+ &+5% %6 & &)+ &0,)
&+5% $'& ,)32&
&%+ %,32& &%+ %,32& &0,) &0,)
-O-
O3/4
O
O3/4
-O-
O3/4
O
O3/4
-O
1-
O3/4
O
O3/4
-O
1-
O3/4
O
O3/4
-O
1-O-
O3/4
O
3/4
O
O
O3/4
O
3/4
*+,)
52/4.59 *+ )'84+
'84+ +9:;,'*'
;2'9).
;4/*'*+
1-
O3/4
O3/4
O
3/4
O
O
O
O3/4
O
3/4
O3/4
) +)
8+6+9
9)'256+9 6'4'*59
/,+9
'88/4.'9 *+ 6+/>+
O ;4/*'*+9
O;4/*'*+9
;4/*'*+9
O3/4
O3/4
O3/4
O3/4
O
O
O
O
8/:;8' )54:J4;'
O
3/4
O
3/4
O
3/4
O
O
8/:;8' )54:J4;'
8/:;8' )54:J4;'
&0)
885@ 45 *5(85 *' B-;'
885@ *5)+
32O
2*+2+/:+
':':'9 )5@/*'9 )53 '
6+2+ )53 O ).B<+4'9
*+ B-;'
':':'9 )5@/*'9
)53
O).B<+4'9 *+ B-;'
+-;3+9 ,8+9)59
)53
O).B<+4'9 *+ B-;'
'99' O2 B-;'
) +) # $%+&* &)+&*
'# &),)
+3
O2L2+5
85*;:59 ;2:8')54-+2'*59
- 658 8+).+/5 O
3/4
;:859
- 658 8+).+/5 O
3/4
54:/4;'FD5 *' )5@+*;8' 9+3 :'36'
76;-407; 8):)
87=8): -6-:/1)
$)5)607 ),-9=),7 ,7;
:-+181-6<-;
-E:=:K6 E249@D 6 7C:8:56:C2D 4@> F>2 32D6 8C@DD2 6
=:D2
D 32D6D ?Q@ =:D2D AC@=@?82> @ E6>A@ 56
4@K65FC2
-E:=:K6 @ E2>2?9@ 56 C64:A:6?E6 256BF25@ 2 4252
K@?2 56 4@K:?92C
' 5:P>6EC@ 52 32D6 56G6
4@CC6DA@?56C 2@ E2>2?9@ 52 K@?2 56 4@K:?92C
,6?92 6> 2E6?RQ@ @ D68F:?E6 @ 5:P>6EC@ :?5:425@
A6=@D 723C:42?E6D T 7C6BF6?E6>6?E6 @ 5:P>6EC@ 52
3@42 5@ E249@ @F 7C:8:56:C2 @ BF2= ?2 >2:@C:2 5@D
42D@D T DFA6C:@C 2@ 5:P>6EC@ 52 32D6 5@ C64:A:6?E6
-E:=:K6 F> C64:A:6?E6 A6BF6?@ A2C2 4@K:?92C A@F42D
BF2?E:5256D
-> C64:A:6?E6 8C2?56 A@F4@ 496:@
82DE2 >F:E2 6?6C8:2
747+): ) <)58)
,2A6 D6>AC6 @ C64:A:6?E6 4@> 2 E2>A2 256BF252
+6
4@K:?92C 4@> @ C64:A:6?E6 56DE2A25@ 4@?DF>:CO
>F:E@ >2:D 6?6C8:2
7B160): +75 87=+) H/=)
@K:?96 4@> A@F42 O8F2 A@FA2CO 6?6C8:2 6 @D
=68F>6D 4@?D6CG2> 2D C6DA64E:G2D G:E2>:?2D 6
>:?6C2:D
"-,=B1: 8):) =5) 87<N6+1)
,- +7B-,=:) 5)1; *)1@)
*65FK2 2E6>A252>6?E6 A2C2 F>2 A@EU?4:2 56
4@K65FC2 >2:D 32:I2
:MV)9=-+15-6<7 :H81,7
DE2 7F?RQ@ A@56 D6C FE:=:K252 BF2?5@ AC6E6?56
2E:?8:C C2A:52>6?E6 2 E6>A6C2EFC2 >OI:>2 6 A2DD2C
A2C2 F>2 E6>A6C2EFC2 56 >2?FE6?RQ@
2FE@>2E:42>6?E6
757 ;- 8:7/:)5)
@-5847 ;- 8:-<-6,=<141B): 7 6O>-4 ,- 87<N6+1)
+757 <-58-:)<=:) ,5)6=<-6KJ7
,@5@D @D 5:D4@D 6DEQ@ 6BF:A25@D 4@> 6DE2 7F?RQ@
I64FE6 @D D68F:?E6D A2DD@D
+6=644:@?6 @ 5:D4@ 6 @ ?WG6= 56 A@EU?4:2
AC6E6?5:5@ A@C 6I6>A=@ ,@BF6 ?@D D6?D@C6D 6 2@ >6D>@ E6>A@
&@
:?5:425@C 246?56>cD6 2=E6C?252>6?E6 6 @ ?WG6=
56 A@EU?4:2 A@C 6I6>A=@ 7F?RQ@ T 24E:G252
&6DD6 >@>6?E@ @ D6F 5:D4@ 6DE2CO 2 7F?4:@?2C
?@ ?WG6= 56 A@EU?4:2 >OI:>@ 64@CC:5@ @ E6>A@ 567:?:5@ G@=E2CO 2@ ?WG6= :?:4:2=
A@C 6I6>A=@ ' ACTc2BF64:>6?E@ COA:5@ 7@:
56D24E:G25@
151<- ,- <-587 )=<75H<1+7
+6 F>2 K@?2 56 4@K:?92C 6DE:G6C 2 7F?4:@?2C 9O >F:E@
E6>A@ 6 2 C68F=2RQ@ ?Q@ 7@C 2=E6C252 @ =:>:E6 56
E6>A@ 2FE@>OE:4@ T 24E:G25@
' 2BF64:>6?E@ 52 K@?2 56 4@K:?92C T :?E6CC@>A:5@
&2 :?5:42RQ@ 52 K@?2 56 4@K:?92C A:D42>
2=E6C?252>6?E6 F> 6 F> +6 E@42C ?@ 42>A@ 2 :?5:42RQ@ 2A282cD6
(@56CO
C68F=2C 56 ?@G@
)F2?5@ @ =:>:E6 56 E6>A@ 6DEO 24E:G@ @ >6D>@
56A6?56 52 A@EU?4:2 56 4@K65FC2 C68F=252
29@C2D
-;41/): ) +76.1:5)KJ7 ,) 16<:7,=KJ7 ,,),7;
' E@BF6 ?F> 4@>2?5@ T 4@?7:C>25@ 4@> F> 3C6G6
D:?2= D@?@C@
DE6 D:?2= D@?@C@ A@56CO D6C 56D=:825@
$:82C 2 A=242 56 4@K:?92C 4@> @ :?E6CCFAE@C AC:?4:A2=
*68F=6 2D K@?2D 56 4@K:?92C A2C2 2 A@EU?4:2 56
4@K65FC2 6D=:8F6 2D K@?2D 56 4@K:?92C 4@>6R2?5@ 52
5:C6:E2 A2C2 2 6DBF6C52
,@BF6 ?@ :?E6CCFAE@C AC:?4:A2= 5FC2?E6 A6=@ >6?@D
bD68F?5@D 564@CC:5@ 6DE6 E6>A@ D@2 F> D:?2= 56
4@?7:C>2RQ@
(@56CO =:82C ?@G2>6?E6 2 4@?7:C>2RQ@ 52 :?EC@5FRQ@
56 525@D
(2C2 @ 676:E@ AC@4652 6I24E2>6?E6 52
>6D>2 7@C>2 4@>@ A2C2 56D=:82C
)6=<-6KJ7 - 4158-B)
"2>2:D FE:=:K6 5:DA@D:E:G@D 56 =:>A6K2 2 2=E2 AC6DDQ@
@F 4@> ;24E@ 56 G2A@C
)6=<-6KJ7
F:56 52 DF2 A=242 56 4@K:?92C 4@> F> AC@5FE@ 56
AC@E64RQ@ 6 >2?FE6?RQ@ AC\AC:@ A2C2 G:EC@46CP>:42
;O BF6 @ >6D>@ 56:I2CO F>2 A6=W4F=2 3C:=92?E6 6
C6A6=6?E6 52 DF;:5256 D@3C6 2D K@?2D 56 4@K:?92C
A=242 56 4@K:?92C A6C>2?646 3@?:E2 5FC2?E6 >F:E@
E6>A@ 6 2 =:>A6K2 T >2:D 7O4:=
158-B) ,)
>1<:7+-:I51+)
$:>A6 2 A=242 56 4@K:?92C 2A\D 4252 FE:=:K2RQ@
!DE@
6G:E2 BF6 @D C6DE@D 56 4@>:52 D6;2> BF6:>25@D
:7,=<7 ,- 4158-B)
:7,=<7; ,- 4158-B)
16),-9=),7;
");8),7: 8):) >1,:7;
-E:=:K6 6I4=FD:G2>6?E6 AC@5FE@D 56 =:>A6K2 AC\AC:@D
A2C2 G:EC@46CP>:42 4@>@ A@C 6I
+E66=c:I
D >2?492D 56 O8F2 A@56> E2>3T> D6C C6>@G:52D
4@> =:>Q@ @F G:?28C6
"2>2:D FE:=:K6
6DA@?;2D BF6 C:DBF6> AC@5FE@D 23C2D:G@D @F
28C6DD:G@D E2:D 4@>@ AC@5FE@D A2C2 2 =:>A6K2 56
7@C?@D 6 C6>@G65@C6D 56 >2?492D
D DF;:5256D >2:D 6?EC2?9252D =:>A2>cD6 >6=9@C
4@> F> C2DA25@C A2C2 G:5C@D
*6E:C6 2 AC@E64RQ@ 5@ C2DA25@C A2C2 G:5C@D
$:>A6 2 DFA6C7W4:6 G:EC@46CP>:42 6I4=FD:G2>6?E6 4@>
2 =P>:?2
' 4@CA@ 5@ C2DA25@C A@56 C:D42C 2 DFA6C7W4:6
G:EC@46CP>:42
=P>:?2 T >F:E@ 27:252
(6C:8@ 56 76C:>6?E@ 6A@:D
52 =:>A6K2 G@=E6 2 4@=@42C 2 AC@E64RQ@ ?2 =P>:?2
+F3DE:EF2 :>65:2E2>6?E6 2D =P>:?2D 52?:7:4252D
7,7 ,- 4158): ) 84)+) ,+7B160): ,- >1<:7+-:I51+)
*6>@G2 @D C6DE@D 56 4@>:52 6 @D A:?8@D 56 8@C5FC2
4@> @ C2DA25@C A2C2 G:5C@D
$:>A6 2 DFA6C7W4:6 >@C?2 4@> AC@5FE@ 56 =:>A6K2 6
A2A6= 56 4@K:?92
+6 2 DFA6C7W4:6 56 4@K:?92C 2:?52
6DE:G6C 56>2D:25@ BF6?E6 A@56CQ@ @4@CC6C >2?492D
?I28F2C 2 DFA6C7W4:6 4@> O8F2 6 6D7C682C 4@> F>
A2?@ >24:@
-;+747:)KR-; 5-<H41+);
2A=:42RQ@ 56 AC@5FE@D 56 =:>A6K2 :?256BF25@D @F
@ C@R2C 52D 32D6D ODA6C2D 56 E249@D 6 A2?6=2D
A@56> AC@G@42C 56D4@=@C2R^6D ?2 A=242
DE6 E:A@ 56
>2?492D D\ D6 4@?D68F6 6=:>:?2C 4@> 2=8F>2
5:7:4F=5256 6 4@> 2 2;F52 56 +E66=c:I
DE2D
>2?492D A@56> 6G6?EF2=>6?E6 D6C 6=:>:?252D A6=@D
+6CG:R@D 56 DD:DEU?4:2 ,T4?:42 >2D 4@?EC2
A282>6?E@
8)16-4 ,- +75)6,7;
%2?E6?92 6DE2 K@?2 D6>AC6 =:>A2 6 D642
*6DE@D 56
4@>:52 6 4@>:52 2CCF7252 A@56> 4@>AC@>6E6C @
7F?4:@?2>6?E@ 5@ 2A2C6=9@
158-B) ,7 .:1;7 ,)
84)+)
-E:=:K6 6I4=FD:G2>6?E6 F>2 D@=FRQ@ 56 O8F2 6
56E6C86?E6 >@C?2
&Q@ FE:=:K6 @3;64E@D 28FR25@D ?6> AC@5FE@D
23C2D:G@D
' C2DA25@C A2C2 G:5C@D ?Q@ T 256BF25@
'
7C:D@ 52 A=242 A@56 D6C 52?:7:425@
' DF>@ 56 =:>Q@ 6 @ G:?28C6 ?Q@ DQ@ 256BF25@D A2C2
2 =:>A6K2 5@ 7C:D@ 52 A=242 A@56?5@ 52?:7:42C @ 3C:=9@
5@ >6D>@
:7+-,15-6<7 -5 +);7 ,- )675)41)
+6 DFC8:C F>2 2?@>2=:2 EC2E2cD6 A@C G6K6D 56
4@:D2D D6> 8C2?56 :>A@CEP?4:2 BF6 DQ@ 7O46:D 56
C6D@=G6C
?E6D 56 4@?E24E2C @D +6CG:R@D 56
DD:DEU?4:2 ,T4?:42 D:82 2D :?5:42R^6D D68F:?E6D
84)+) ,- +7B160): 6J7
.=6+176)
.6C:7:BF6 D6 @ 2A2C6=9@ 6DEO =:825@ N 4@CC6?E6
.6C:7:BF6 ?@ BF25C@ 6=T4EC:4@ D6 @ 7FDWG6= @F
:?E6CCFAE@C 56 D68FC2?R2 ! 5:DA2C@F
5 <7,); ); 16,1+)KR-;
,); B76); ,- +7B160):
-6+76<:)V;- ) 81;+): =5 - ;7) =5 ;16)4 ;767:7
K@?2 56 4@>2?5@D 6DEO >F:E@ DF;2 9O 4@>:52
2CCF7252 @F 6?4@?EC2cD6 F> @3;64E@ ?2 K@?2 56
EC232=9@
$:>A6 >6E:4F=@D2>6?E6 2 K@?2 56
4@>2?5@D @F C6E:C6 @ @3;64E@ 52 K@?2 56 EC232=9@
,@BF6 ?2 C6DA64E:G2 K@?2 56 4@>2?5@D
' DW>3@=@
AOC2 56 A:D42C
84)+) ,- +7B160):
,-;41/7=V;-
' :?E6CCFAE@C AC:?4:A2= 7@: AC6>:5@ :?25G6CE:52>6?E6
.@=E6 2 =:82C 2 A=242 56 4@K:?92C
.@=E6 2 C62=:K2C 2
C68F=2RQ@
!=)6,7 41/) ) 84)+) ,+7B160): 7 .=;O>-4 ,1;8):)
6CE:7:BF6cD6 56 BF6 2 A@EU?4:2 4@?DF>:52 A@C E@5@D
@D 2A2C6=9@D =:825@D ?Q@ 6I4656 2 A@EU?4:2 >OI:>2
52 DF2 :?DE2=2RQ@ 6=T4EC:42 5@>TDE:42
.6C:7:BF6 D6 @
7FDWG6= E2>3T> 5:DA2C2 BF2?5@ =:82 @FEC2 K@?2 56
4@K:?92C
"-8):)KR-;
; :-8):)KR-; ;Q 87,-5 ;-: -.-+<=),); 87:
<M+61+7; 9=)41.1+),7; ,7 #-:>1K7 ,- ;;1;<N6+1)
$M+61+)
D C6A2C2R^6D C62=:K252D :?4@CC64E2>6?E6 A@56>
4@=@42C @ FE:=:K25@C 6> C:D4@
6,1+)KJ7 - )4/):1;57;
+6 DFC8:C ?2D :?5:42R^6D F> 6 2=82C:D>@D @
D:DE6>2 6=64EC\?:4@ 2AC6D6?E2 F>2 2?@>2=:2
6D=:8F6 @ 2A2C6=9@ 52 4@CC6?E6 6 G@=E6c@ 2 =:82C N
4@CC6?E6
!?7@C>6 @D +6CG:R@D 56 DD:DEU?4:2 ,T4?:42
D6 2 :?5:42RQ@ D6 :=F>:?2C ?@G2>6?E6
6,1+)KJ7 - )4/):1;57;
+6 ?2 :?5:42RQ@ 2A2C646C 2=E6C?252>6?E6 F> 6 F>
2=82C:D>@ @ 2A2C6=9@ 2AC6D6?E2 F>2 2?@>2=:2
&2
E236=2 D68F:?E6 6?4@?EC2CO 2D >65:52D 56 C6D@=FRQ@
52D 2?@>2=:2D
% 32&
%&$# )588+; ;3 +885 /4:+845
4' 62')' *+ )5@/4.'8
+9)54+):+ ' 62')' *+ )5@/4.'8 *' 8+*+ +2H):8/)'
-;'8*+ '2-;49 9+-;4*59 + <52:+ ' )54+):BO2'
!+ ' /4*/)'FD5 4D5 *+9'6'8+)+8 )54:'):+ 5 !+8</F5 *+
99/9:I4)/' "H)4/)'
62')' *+ )5@/4.'8 +9:B
*+3'9/'*5 7;+4:+ +
*+92/-5;O9+
+:/8+ 59 8+)/6/+4:+9 *'9 @54'9 *+ )5@/4.'8 *' ,8+4:+ /4*/)'FD5 *+9'6'8+)+ 9+ :5)'8 45 6'/4+2 *+ )53'4*59
7;'4*5 ' 62')' *+ )5@/4.'8 :/<+8 '88+,+)/*5
9;,/)/+4:+3+4:+
62')' *+ )5@/4.'8 +9:B
*+3'9/'*5 7;+4:+ +
*+92/-5;O9+
$+8/,/7;+ 9+ 9+ +4)54:8' ;3 8+)/6/+4:+ 7;+4:+ 95(8+ 5
6'/4+2 *+ )53'4*59 +:/8+ 5 8+)/6/+4:+ *5 6'/4+2 *+
)53'4*59 -;'8*+ '2-;49 3/4;:59 ':H 5 6'/4+2 *+
)53'4*59 '88+,+)+8 !+ *+65/9 *+ 2/-'8 ' 62')' <52:'8 '
'6'8+)+8 ' /4*/)'FD5 )54:'):+ 5 !+8</F5 *+
99/9:I4)/' "H)4/)'
@54' *+ )5@/4.'8 +9:+<+
' ,;4)/54'8
/4/4:+88;6:'3+4:+ 4;3'
65:I4)/' '2:' *;8'4:+
*+3'9/'*5 :+365
5/ '):/<'*5 5 *+92/-'3+4:5 ';:53B:/)5
'8' )54:/4;'8 ' )5@/4.'8 )'88+-;+ 4;3' :+)2' 7;'27;+8
62')' *+ )5@/4.'8 4D5
+9:B )588+):'3+4:+
)54+):'*'
+9)54+):+ ' 62')' *+ )5@/4.'8 *' 8+*+ +2H):8/)'
549;2:+ 5 +97;+3' +2H):8/)5 + <52:+ ' )54+):BO2'
)588+):'3+4:+
!+ ' ' /4*/)'FD5 4D5 *+9'6'8+)+8 )54:'):+ 5 !+8</F5 *+
99/9:I4)/' "H)4/)'
5*)4)/-5 - )8):-407 )6<1/7
41516)KJ7 -+74Q/1+)
6D6>32=6 @ 2A2C6=9@ 6 6=:>:?6 @ >2E6C:2= 56
6>32=286> 56 7@C>2 64@=\8:42
DE6 2A2C6=9@ 6DEO >2C425@ 6> 4@?7@C>:5256 4@> 2
:C64E:G2 C=2E:G2 2@D C6DW5F@D 56
6BF:A2>6?E@D 6=T4EC:4@D 6 6=64EC\?:4@D H2DE6
6=64EC:42= 2?5 6=64EC@?:4 6BF:A>6?E c /
5:C64E:G2 6DE236=646 @ BF25C@ A2C2 2 4C:2RQ@ 56 F>
D:DE6>2 56 C64@=92 6 G2=@C:K2RQ@ 5@D 6BF:A2>6?E@D
FD25@D GO=:5@ 6> E@5@D @D DE25@D %6>3C@D 52
-?:Q@ FC@A6:2
#-:>1K7; ,- ;;1;<N6+1) $M+61+)
+6 @ D6F 2A2C6=9@ E:G6C 56 D6C C6A2C25@ @D ?@DD@D
+6CG:R@D ,T4?:4@D 6DEQ@ 2@ D6F 5:DA@C
&2 =:DE2
E6=67\?:42 6?4@?EC2CO @ 6?56C6R@ 6 @ ?`>6C@ 56
E6=67@?6 5@ (@DE@ 56 DD:DEU?4:2 ,T4?:42 >2:D
AC\I:>@
'D 6?EC@D 56 DD:DEU?4:2 ,T4?:42 E2>3T>
=96 A@56> :?5:42C @ (@DE@ 56 DD:DEU?4:2 ,T4?:42
>2:D AC\I:>@ 52 DF2 OC62 56 C6D:5U?4:2
"-.-:N6+1) :-.-:N6+1)
+6>AC6 BF6 6?EC2C 6> 4@?E24E@ 4@> @D ?@DD@D
+6CG:R@D 56 DD:DEU?4:2 ,T4?:42 7@C?6R2 A@C 72G@C
2D C676CU?4:2D 6 5@ 2A2C6=9@
A=242 56 42C24E6CWDE:42D 4@> 2D C676CU?4:2D
6?4@?EC2cD6 ?@ A2DD2A@CE6 5@ 2A2C6=9@
$)*4- 7. +76<-6<;
587:<)6< 16.7:5)<176 67@C6 DH:E49:?8 @? J@FC 2AA=:2?46 +276EJ AC642FE:@?D *62D@?D 7@C 52>286 )5141):1;16/ A7=:;-4. ?1<0 <0- )8841)6+- ,96 4@?EC@= A2?6= ,96 9@EA=2E6D *6D:5F2= 962E :?5:42E@C )16 ;?1<+0 ?1<0 +014,8:77. 47+3 %2:? DH:E49 9:=5AC@@7 =@4< 77316/ +6EE:?8D ,23=6 ,:AD @? D2G:?8 6?6C8J ")81, 8:-0-)<16/ @H E@ AC@8C2> =<75)<1+ <15- 4151<-: #?1<+016/ 7.. 168=< +76.1:5)<176 ):- )6, +4-)616/ 2C6 =62?:?8 8=2DD 46C2>:4 =62?:?8 E96 9@3 DFCC@F?5 :7+-,=:- 16 <0- ->-6< 7. ) 5)4.=6+<176 )+3)/16/ )6, 74, )8841)6+-; .<-:V;)4-; ;-:>1+- 587:<)6< 16.7:5)<176
"-), <0-;- 16;<:=+<176; +):-.=44A '?=J 27E6C C625c
:?8 E96D6 H:== J@F 36 23=6 E@ @A6C2E6 E96 2AA=:2?46
4@CC64E=J
(=62D6 <66A E96 FD6 2?5 :?DE2==2E:@? :?DECF4E:@?D :? 2
D276 A=246
!7 E96 2AA=:2?46 :D A2DD65 E@ 2?@E96C A6Cc
D@? A=62D6 6?4=@D6 E96 :?DECF4E:@?D
-.7:- ;?1<+016/ 76
A7=: )8841)6+$:)6;87:< ,)5)/-
964< J@FC 2AA=:2?46 27E6C C6>@G:?8 E96 A24<28:?8
!7
:E 92D DF776C65 2?J 52>286 5FC:?8 EC2?DA@CE 5@ ?@E
4@??64E E96 2AA=:2?46 3FE 4@?E24E E96 ,649?:42= +6Cc
G:46D 56A2CE>6?E
4-+<:1+)4 +766-+<176 7:
16;<)44)<176
67@C6 FD:?8 E96 2AA=:2?46 7@C E96 7:CDE E:>6 J@F >FDE
6?DFC6 E92E E96 5@>6DE:4 6=64EC:42= DJDE6> :D 62CE965
2?5 >66ED 2== E96 4FCC6?E D276EJ C68F=2E:@?D
? 2FE9@c
C:K65 6=64EC:4:2? D9@F=5 :?DE2== 2?5 4@??64E J@FC 2Ac
A=:2?46
-D6 @7 E9:D 2AA=:2?46 H:E9@FE 2? 62CE9 4@??64E:@? @C
:?4@CC64E=J :?DE2==65 42? 42FD6 D6C:@FD :?;FC:6D :?;FC:6D
@C 6=64EC@4FE:@? 2=E9@F89 E9:D :D G6CJ C2C6
,96 >2?F724EFC6C 5@6D ?@E 2446AE 2?J C6DA@?D:3:=:EJ
7@C 2?J :?2AAC@AC:2E6 FD6 @C 7@C 2?J :?;FCJ 42FD65 3J
:?4@CC64E 6=64EC:42= :?DE2==2E:@?
#).-<A 8:-+)=<176;
>-:0-)<-, 714 )6, .)<
,9:D 2AA=:2?46 :D :?E6?565 @?=J 7@C 5@>6DE:4 FD6
'?=J FD6 E96 9@3 7@C 7@@5 AC6A2C2E:@?
'G6C962E65 @:= @C 72E 42? :8?:E6 G6CJ BF:4<=J
*:D< @7 7:C6
&6G6C =62G6 962E:?8 @:= @C 72E F?DFA6CG:D65
+9@F=5 E96 @:= :8?:E6 5@ ?@E ECJ E@ AFE :E @FE 3J A@FC:?8
H2E6C @? :E
@G6C E96 A2? H:E9 2 =:5 @C A=2E6 :>>65:2E6=J
+H:E49 @77 E96 9@EA=2E6
$62G6 E96 @G6?H2C6 @? E96 9@EA=2E6 E@ 4@@= 5@H?
7< 07<84)<-;
@ ?@E E@F49 9@E 9@EA=2E6D
,96C6 :D 2 C:D< @7 3FC?:?8
9:=5C6? >FDE 36 <6AE 2E 2 D276 5:DE2?46 7C@> E96
2AA=:2?46
,96 C6D:5F2= 962E :?5:42E@C H2C?D J@F E92E
E96 9@EA=2E6D 2C6 9@E
&6G6C A=246 4@>3FDE:3=6 :E6>D @? E96 9@3
*:D< @7 7:C6
1@F >FDE ?@E <66A 2?J 4@>3FDE:3=6 :E6>D @C 26C@D@=
42?D :? 2 5C2H6C =@42E65 F?56C E96 9@3
*:D< @7 7:C6
,96 D6CG:46 423=6D 7C@> 6=64EC:42= 2AA=:2?46D >FDE ?@E
E@F49 E96 9@E 9@EA=2E6D
,9:D 4@F=5 42FD6 52>286 E@
E96 9@3 2?5 E96 423=6 :?DF=2E:@?
'-< ;)=+-8)6 *);-; )6,
07<84)<-;
+E62> AC6DDFC6 42? 36 86?6C2E65 7C@> E96 =:BF:5
36EH66? E96 32D6 @7 E96 D2F46A2? 2?5 E96 9@EA=2E6
,96 DE62> AC6DDFC6 4@F=5 42FD6 E96 A2? E@ ;F>A
DF556?=J
,96C6 :D 2 C:D< @7 :?;FCJ
=H2JD <66A E96 9@EA=2E6 2?5 E96 32D6D @7 D2F46A2?D
5CJ
:)+3; 16 <0- /4);; +-:)51+
!7 E96C6 2C6 7C24EFC6D 7=2HD @C 4C24<D :? E96 8=2DD
46C2>:4 E96C6 :D 2 C:D< @7 6=64EC:4 D9@4<
+H:E49 @77 E96 2AA=:2?46 :>>65:2E6=J
!D@=2E6 E96 2AA=:2?46 7C@> E96 A@H6C DFAA=J 2E E96
7FD6 3@I
2== 27E6CcD2=6D D6CG:46
$0- 07<84)<- 0-)<; =8 <016,1+)<7: ,7-; 67< ?7:3
+H:E49 @77 E96 9@EA=2E6 :7 E96 9@EA=2E6 962ED FA 3FE E96
:?5:42E@C :D ?@E H@C<:?8
,96C6 :D 2 C:D< @7 3FC?:?8
2== 27E6CcD2=6D D6CG:46
$0- 07* ;?1<+0-; 7..
)=<75)<1+)44A
!7 E96 9@3 DH:E496D :ED6=7 @77 2?5 42? E96? ?@ =@?86C 36
FD65 5:D4@??64E :E 7C@> E96 6=64EC:4:EJ DFAA=J
:>>65:2E6=J
,96 9@3 42? 36 DH:E4965 @? 282:? =2E6C
*:D< @7 7:C6
+H:E49 @77 E96 4:C4F:E 3C62<6C :? E96 7FD6 3@I 2?5 42==
E96 27E6CcD2=6D D6CG:46
6+7::-+< :-8)1:;
!?4@CC64E C6A2:CD 2C6 52?86C@FD
,96C6 :D 2 C:D< @7
6=64EC@4FE:@?
*6A2:CD >2J @?=J 36 42CC:65 @FE 3J @?6 @7 @FC
6IA6C:6?465 27E6CcD2=6D 6?8:?66CD
?J H@C< @? E96 2AA=:2?46 :?4=F5:?8 C6A=24:?8 @C
7:EE:?8 E96 A@H6C 423=6 >FDE 36 5@?6 3J E96 ,649?:42=
+6CG:46D 56A2CE>6?E
7?-: +)*4-
"-);76; .7:
,)5)/#)=+-8)6 )6, 8)6 *);-;
,96 :6<-:51<<-6< ?7:316/ @7 E96 4@@<:?8 K@?6D :D ?@E
E96 C6DF=E @7 2?J >2=7F?4E:@?
,96J 2C6 H@C<:?8 2E E96:C
7F== A@H6C H96? DH:E4965 @? @C @77 7@C =@?8:D9 A6C:@5D
@7 E:>6 244@C5:?8 E@ E96 =6G6= @7 A@H6C D6=64E65
,96 @A6C2E:?8 E:>6 :D =@?86C 2?5 E6>A6C2EFC6 8C62E6C
2E 2 9:896C A@H6C =6G6=
&6G6C FD6 E96 9@3 :?DE625 @7 E96 <:E496? F?:E H@C<E@A
2D 2 DFAA@CE @C H@C< DFC7246
*@F89 A2? 32D6D D4C2E49 E96 8=2DD 46C2>:4
964<
J@FC @G6?H2C6
G@:5 4@@<:?8 @? E96 9@3 H:E9 2? 6>AEJ A2?
6DA64:2==J H:E9 6?2>6= 2?5 2=F>:?:F> A2?D
,9:D
4@F=5 42FD6 52>286 E@ E96 D2F46A2? 32D6D 2?5
8=2DD 46C2>:4
'3D6CG6 E96 >2?F724EFC6CD :?DECF4E:@?D H96? FD:?8
DA64:2= @G6?H2C6
7< 8)6; )6, ;)=+-8)6;
&6G6C A=246 9@E A2?D @C D2F46A2?D @? E96 4@?EC@=
A2?6= 5:DA=2J 2C62 @C E96 7C2>6
,9:D 4@F=5 42FD6 52>286
#)4< ;=/): )6, ;)6,
+2=E DF82C 2?5 D2?5 42FD6 D4C2E496D @? E96 8=2DD
46C2>:4
@ ?@E FD6 E96 9@3 2D 2 H@C< DFC7246 @C
DE@C286 DA246
):, )6, 8716<-, 7*2-+<;
2>286 42? @44FC :7 92C5 @C A@:?E65 @3;64ED 72== @?
E96 9@3
@ ?@E DE@C6 DF49 @3;64ED 23@G6 E96 9@3
77, ;8144;
+F82C 2?5 7@@5 H:E9 2 9:89 DF82C 4@?E6?E 52>286 E96
9@3
*6>@G6 7@@5 DA:==D :>>65:2E6=J H:E9 2 8=2DD
D4C2A6C
2FE:@? ,96 8=2DD D4C2A6C 92D 2 D92CA 3=256
714 )6, 84);<1+
=F>:?:F> 7@:= @C A=2DE:4 4@?E2:?6CD >6=E @? 9@E 9@3D
'G6? AC@E64E:G6 7@:= :D ?@E DF:E23=6 7@C J@FC 9@3
@)584-; 7. 87;;1*4,)5)/-
,96 7@==@H:?8 52>286 5@6D ?@E 27764E E96
A6C7@C>2?46 @C DEC6?8E9 @7 J@FC 9@3
:-;-6+- 7. ;<)16D
@C>65 3J DA:==65 @C >6=E65 DF82C @C 7@@5 H:E9 2 9:89
DF82C 4@?E6?E
#+:)<+0-;
5F6 E@ D2=E DF82C 8C2:?D @7 D2?5 @C :CC68F=2C:E:6D :? E96
32D6 @7 E96 D2F46A2?D
747=: 47;;
4@=@FC 492?86 E@ 2 >6E2==:4 D9256 5F6 E@ H62C 3J
9@3D @C 7C@> E96 FD6 @7 :?2AAC@AC:2E6 4=62?:?8
AC@5F4ED
-+7:)<1>- +747=: 47;;
C:?5:?8 564@C2E:@? 5F6 E@ E96 FD6 @7 :?2AAC@AC:2E6
4=62?:?8 AC@5F4ED
,96 G2C:@FD EJA6D @7 52>286 >6?E:@?65 23@G6 2C6
42FD65 3J E96 :?4@CC64E FD6 @7 E96 2AA=:2?46 2?5
E96C67@C6 E96J 2C6 ?@E 4@G6C65 3J E96 H2CC2?EJ 2D
E96J 2C6 ?@E E649?:42= AC@3=6>D C6=2E:?8 E@ E96
2AA=:2?46
)5141):1;16/ A7=:;-4. ?1<0 <0- )8841)6+,9:D D64E:@? 56D4C:36D E96 4@?EC@= A2?6=D 9@EA=2E6D
2?5 5:DA=2JD
,96J 2C6 D9@H? 3J 2AA=:2?46 >@56=
$0- +76<:74 8)6-4
% +&)* &)
.+': 9+::/4- O 56+8':/54'2 8+'*/4+99 8+9/*;'2 .+': &%+)&# '%# &)
*5;(2+ .5:62':+
&%+)&# '%#* &)
.+': 9+::/4- 8+-;2':/54
&%+)&# '%# &)
3'/4 9=/:).
76<:74 8)6-4;
/96? J@F E@F49 2 DJ>3@= E96 C6DA64E:G6 7F?4E:@? :D
24E:G2E65
I2>A=6 ,@F49 E96 DJ>3@=
,96 9@3 :D DH:E4965 @?
7<-
,96 D6EE:?8D C6>2:? F?492?865 :7 D6G6C2= DJ>3@=D 2C6
E@F4965 3C:67=J
1@F 42? E96C67@C6 62D:=J >@A FA DA:==D
@? E96 4@?EC@= A2?6=
=H2JD <66A E96 4@?EC@= A2?6=D 4=62? 2?5 5CJ
%@:DEFC6 2?5 5:CE >2J :>A2:C 7F?4E:@?
$0- 07<84)<-;
#16/4-V+1:+=1< 07<84)<-
,96 4@@<:?8 DFC7246 D:K6 @7 E96D6 9@EA=2E6D 42??@E 36
2=E6C65
+6=64E E96 4@CC64E 9@EA=2E6
,96 D2F46A2? 2?5 9@EA=2E6 D:K6D D9@F=5 >2E49
=)4V+1:+=1< 07<84)<-
,96 D:K6 @7 E96D6 9@EA=2E6D 42? 36 2=E6C65
,96
9@EA=2E6 >FDE 36 DH:E4965 @?
,@ DH:E49 @? E96 @FE6C C:?8
,@F49 E96 DJ>3@=
,96 :?5:42E@C =:89E =:89ED FA
,@ DH:E49 @77
,@F49 E96 DJ>3@= 282:?
,96 :?5:42E@C =:89E 8@6D
@FE
"-;1,=)4 0-)<
16,1+)<7:
,96 9@3 92D 2 C6D:5F2= 962E :?5:42E@C 7@C 6249
9@EA=2E6
!E D9@HD H9:49 9@EA=2E6D 2C6 DE:== 9@E
,96
C6D:5F2= 962E :?5:42E@C 92D EH@ =6G6=D
!7 2? 2AA62CD :? E96 5:DA=2J E96 9@EA=2E6 :D DE:== 9@E
1@F 42? 7@C 6I2>A=6 <66A 2 D>2== >62= H2C> @C >6=E
49@4@=2E6 FD:?8 E9:D 962E
D E96 9@EA=2E6 4@@=D 5@H? 7FCE96C E96 5:DA=2J
492?86D E@
,96 5:DA=2J C6>2:?D =:E F?E:= E96
9@EA=2E692D 4@@=65 DF77:4:6?E=J
)=<176
,96 C6D:5F2= 962E :?5:42E@C H:== ?@ =@?86C 4@>6 @?
27E6C 2 A@H6C 4FE
,96 9@EA=2E6D 4@F=5 DE:== 36 9@E
)16 ;?1<+0 ?1<0 +014,8:77. 47+3
)16 ;?1<+0
+H:E49 @? E96 6=64EC@?:4D :? E96 4@?EC@= A2?6= FD:?8
E96 >2:? DH:E49
&@H E96 9@3 :D C625J 7@C FD6
#?1<+016/ 76
,@F49 E96 DJ>3@= F?E:= E96 9@EA=2E6 :?5:42E@CD
=:89E FA
#?1<+016/ 7..
,@F49 E96 DJ>3@= F?E:= E96 9@EA=2E6 :?5:42E@CD 8@
@FE
== 9@EA=2E6D 2C6 DH:E4965 @77 ,96 C6D:5F2= 962E
:?5:42E@C C6>2:?D =:E F?E:= E96 9@EA=2E6D 92G6 4@@=65
DF77:4:6?E=J
7<-;
,96 9@3 DH:E496D @77 2FE@>2E:42==J :7 2== E96 9@EA=2E6D
92G6 366? DH:E4965 @77 7@C >@C6 E92? D64@?5D
!7 E96C6 :D DE:== C6D:5F2= 962E 2G2:=23=6 H96? E96 9@3 :D
DH:E4965 324< @? 2?5 7=2D9 2=E6C?2E6=J :? E96
9@EA=2E6 :?5:42E@C
014,8:77. 47+3
,@ AC6G6?E 49:=5C6? 7C@> DH:E49:?8 @? E96 9@EA=2E6D
J@F 42? D64FC6 E96 9@3 282:?DE 36:?8 DH:E4965 @?
:?25G6CE6?E=J
,96 49:=5AC@@7 =@4< C6>2:?D
A6C>2?6?E=J 24E:G2E65
+<1>)<16/ <0- +014,8:77.
47+3
+H:E49 @? E96 9@3 FD:?8 E96 >2:? DH:E49
+6E 2== 9@EA=2E6D E@ 962E D6EE:?8 +H:E49 @77 E96 9@EA=2E6D @?6 3J @?6 7C@> C:89E E@
=67E
,@F49 E96 >2:? DH:E49 7@C 2E =62DE D64@?5D
27E6C H9:49 E:>6 2 D:8?2= H:== D@F?5
,96 49:=5AC@@7 =@4< :D 24E:G2E65
8-:)<16/ <0- 07*
,@ DH:E49 @? E@F49 E96 >2:? DH:E49 7@C >@C6 E92?
D64@?5D
FC:?8 E9:D E:>6 E96 5:DA=2J 7=2D96D
D
D@@? 2D E96 5:DA=2J 8@6D @FE E96 9@3 :D DH:E4965 @?
-)+<1>)<16/ <0- +014,8:77.
47+3
1@F 42? 5624E:G2E6 E96 49:=5AC@@7 =@4< 282:?
(C@4665
:? E96 D2>6 >2??6C 2D 7@C 24E:G2E:?8 E96 49:=5AC@@7
=@4<
7+316/ <0- 07* 76+-V7..
1@F 42? =@4< E96 9@3 @? 2 D:?8=6 @442D:@? :7 7@C
6I2>A=6 D>2== 49:=5C6? 2C6 G:D:E:?8
,96 9@3 >FDE 36 DH:E4965 @77
,@F49 E96 >2:? DH:E49 7@C >@C6 E92? D64@?5D
,96 9@EA=2E6 :?5:42E@CD 8@ @FE
,96 :?5:42E@C =:89ED
FA 7@C D64@?5D 2?5 8@6D @FE
,96 9@3 :D =@4<65
%647+316/ 76+-V7.. 47+316/
,@F49 E96 >2:? DH:E49 7@C >@C6 E92? D64@?5D
,96 9@3 :D DH:E4965 @?
,96 9@3 :D F?=@4<65
587:<)6<
,96 49:=5cAC@@7 =@4<D 4@F=5 36 24E:G2E65 @C
5624E:G2E65 F?:?E6?E:@?2==J H96? E96 2AA=:2?46 :D
4=62?65 FD:?8 H2E6C @C 2D 2 C6DF=E @7 DA:==286D @C
@3;64ED 4@G6C:?8 E96 >2:? DH:E49 77316/
$0- )6, +76<:74 8)6-4;
#-<<16/;
,9:D D64E:@? 56D4C:36D 9@H E@ 25;FDE E96 9@EA=2E6D
,96 E23=6 D9@HD E96 962E D6EE:?8D 2?5 4@@<:?8 E:>6D
7@C G2C:@FD 5:D96D
,96 7@==@H:?8 E:AD 96=A E@ D2G6
6?6C8J
1@F 42? D6E E96 C6BF:C65 962E D6EE:?8 FD:?8 E96 2?5
DJ>3@=D
62E D6EE:?8 =@H6DE D6EE:?8
62E D6EE:?8 9:896DE D6EE:?8
249 962E D6EE:?8 92D 2? :?E6C>65:2E6 DE6A
,9:D :D
>2C<65 3J 2 5@E
,96 9@3 >FDE 36 DH:E4965 @?
,@F49 E96 @C DJ>3@=
7=2D96D :? E96 :?5:42E@C
,@F49 E96 @C DJ>3@= :? E96 ?6IE D64@?5D
,96 32D:4 D6EE:?8 H:== 2AA62C
DJ>3@= 962E D6EE:?8 DJ>3@= 962E D6EE:?8 ,@ 492?86 E96 962E D6EE:?8
,@F49 E96 @C DJ>3@= F?E:= E96 56D:C65 962E
D6EE:?8 2AA62CD
0)6/16/ <0- 0-)< ;-<<16/
1@F 42? 492?86 E96 962E D6EE:?8 2E 2?J E:>6
#?1<+016/ 7.. <0- 07<84)<-
,@F49 E96 DJ>3@= F?E:= 2AA62CD
C@> A@H6C =6G6= J@F 42? 62D:=J C6249 =6G6= 3J
E@F49:?8 E96 DJ>3@= EH:46 ,96 9@EA=2E6 DH:E496D @77 2?5 E96 C6D:5F2= 962E
:?5:42E@C 2AA62CD 27E6C 2AAC@I:>2E6=J D64@?5D
$)*4-
,96 7@==@H:?8 E23=6 AC@G:56D 2 76H 6I2>A=6D
,96 4@@<:?8 E:>6 >2J G2CJ 56A6?5:?8 @? E96 EJA6 @7
7@@5 :ED H6:89E 2?5 BF2=:EJ
6G:2E:@?D 2C6 E96C67@C6
A@DD:3=6
,%+ +/
+
*++ %
%& %
&&" %
%& % &&" %
+ $
#+ %
).5)52':+ ).5)52':+ )5':/4-
(;::+8 .54+?
-+2':/4+
6)1
O
O
O
O
O
O
+ %
)'44+* <+-+:'(2+9
)2+'8 95;6
:./)1 95;6
3/21
- O 32 O 2:8
32 O 2:8
32 O 32
O 3/49
O 3/49
O 3/49
O 3/49
O
O
O
O
O 3/49
O 3/49
O 3/49
O 3/49
+ % % "' % .)$
9:+= +- 2+4:/2 9:+=
3/21
- O 32 O 2:8
O 3/49
O 3/49
O
O
)&*+ % % + %
,85@+4 96/4').
,85@+4 -5;2'9.
- O - O 1-
O 3/49
O 3/49
O
O
O 3/49
O 3/49
$$) %
*;362/4-9 3+':('229
O2:8=':+8
,/9.
O 6/+)+9
- O -
O 3/49
O 3/49
O O O 3/49
O 3/49
- O - O -
O 3/49
O 3/49
O
O
O 3/49
O 3/49
- O 1-
O 3/49
O
O 3/49
- O 1-
O 3/49
O
O 3/49
- O 1- O -
O 3/49
O 3/49
O
O O 3/49
O 3/49
9+8</4-9
1-
O 3/49
O 3/49
O 3/49
O
O
O
O 3/49
O 3/49
O 3/49
&&" %
8/)+ =/:. *5;(2+ :.+ '35;4: 5,
=':+8
8/)+ 6;**/4- 32O
2:83/21
65:':5+9 (5/2+* /4 :.+/8 91/49 =/:.
O );69 5, =':+8
(5/2+* 65:':5+9 =/:. O);69 5,
=':+8
,8+9. <+-+:'(2+9 =/:. O);69 5,
=':+8
6'9:' O 2:8 =':+8
&*+ %
85;2'*+
65: 85'9:
-5;2'9.
,%+ +/
+
*++ %
%& %
&&" %
%& % &&" %
+ $
&*+ %
6'4)'1+92'*2+ !='(/'4
6'4)'1+9
);:2+: (8+'*+*
9:+'1
,/9. ,/4-+89
O 6/+)+9
O 6/+)+9
6/+)+9
O 3/49
O 3/49
O 3/49
O 3/49
O
O
O
O
)549:'4: 85'9:/4 O 3/49
O 3/49
O 3/49
'9+ )/ %
/4 O 2:8 5, 5/2
*++6O,85@+4 ,55*9
- 6+8 9+8</4-
O 3/49 O 5:.+89
- 6+8 9+8</4-
O 3/49 O )549:'4: *++6O,':
,8?/4)549:'4: *++6O,':
,8?/4-
4-5/4- )551/4- =/:.5;: 2/*
$18; 76 ;)>16/
-6-:/A
$0- +7::-+< ;)=+-8)6 ;1B-
-D6 D2F46A2?D 2?5 A@ED H:E9 E9:4< 6G6? 32D6D
-?6G6? 32D6D :?4C62D6 E96 4@@<:?8 E:>6
+6=64E E96 4@CC64E D2F46A2? D:K6 7@C 6249 9@EA=2E6
,96 5:2>6E6C @7 E96 32D6D @7 E96 D2F46A2?D 2?5 A@ED
D9@F=5 >2E49 E96 D:K6 @7 E96 9@EA=2E6
&@E6 'G6?H2C6 >2?F724EFC6CD @7E6? 8:G6 E96
5:2>6E6C @7 E96 E@A @7 E96 D2F46A2?
!E :D FDF2==J =2C86C
E92? E96 5:2>6E6C @7 E96 32D6 @7 E96 D2F46A2?
-D6 2 D>2== D2F46A2? 7@C D>2== BF2?E:E:6D
=2C86C
=6DD 7F== D2F46A2? C6BF:C6D >@C6 6?6C8J
%;16/ ) 41,
+2F46A2?D 2?5 A@ED D9@F=5 2=H2JD 36 4@G6C65 H:E9 2
DF:E23=6 =:5
@@<:?8 H:E9@FE 2 =:5 C6BF:C6D >F49 >@C6
6?6C8J
77316/ ?1<0 ;5)44
9=)6<1<1-; 7. ?)<-:
@@< H:E9 D>2== BF2?E:E:6D @7 H2E6C ,9:D D2G6D 6?6C8J
2?5 96=AD G686E23=6D E@ C6E2:? G:E2>:?D 2?5 >:?6C2=D
7?-:16/ <0- 0-)< ;-<<16/
+H:E49 5@H? E@ 2 =@H6C 962E D6EE:?8 :? 8@@5 E:>6
")81, 8:-0-)<16/
,9:D 7F?4E:@? 42? 36 FD65 H96? J@F H2?E E@ 962E
D@>6E9:?8 FA E@ E96 >2I:>F> E6>A6C2EFC6 BF:4<=J
2?5 E96? DH:E49 E@ 2 DE625J =@H6C E6>A6C2EFC6
2FE@>2E:42==J
7? <7 8:7/:)5
@)584- A7= ?)6< <7 =;<0- 87?-: 4->-4 ); <047?-: ;<-),A <-58-:)<=:-
== E96 9@EA=2E6D 2C6 7:EE65 H:E9 E9:D 7F?4E:@?
2CCJ @FE E96 7@==@H:?8 DE6AD
+6=64E E96 9@EA=2E6 2?5 E96 A@H6C =6G6= E92E J@F
H2?E E@ FD6 6
8
,@F49 3@E9 E96 2?5 DJ>3@=D 2E E96 D2>6 E:>6
,96 =:89E H:== 7=2D9 @? 2?5 @77 2?5 D9@H
2=E6C?2E:G6=J 2?5 E96 A@H6C =6G6= 6
8
1@F
92G6 ?@H 24E:G2E65 E96 7F?4E:@?
,96 9@EA=2E6 H:==
?@H 4@>6 @? 2E E96 >2I:>F> A@H6C =6G6= 7E6C E96 4@CC6DA@?5:?8 2>@F?E @7 E:>6 92D
A2DD65 E96 9@EA=2E6 H:== 2FE@>2E:42==J DH:E49 E@ E96
=6G6= D6=64E65 6
8
,96 C2A:5 AC6962E:?8
7F?4E:@? 92D ?@H 7:?:D965 2?5 92D DH:E4965 @77
=<75)<1+ <15- 4151<-:
!7 2 9@EA=2E6 :D :? 4@?DE2?E FD6 7@C 2 =@?8 E:>6 H:E9@FE
E96 D6EE:?8 36:?8 492?865 E96 2FE@>2E:4 E:>6 =:>:E6C
H:== 36 24E:G2E65
,96 9@EA=2E6 962E:?8 :D :?E6CCFAE65
? 2?5 2? 7=2D9 2=E6C?2E6=J :? E96 9@EA=2E6
:?5:42E@C
,96 :?5:42E@C 8@6D @FE H96? J@F E@F49 2?J 4@?EC@=
A2?6=
&@H J@F 42? C6D6E E96 9@EA=2E6
,96 E:>6 2E H9:49 E96 E:>6 C6DEC:4E:@? :D 24E:G2E65
56A6?5D @? E96 962E D6EE:?8 E@ 9@FCD
#?1<+016/ 7.. 168=< +76.1:5)<176
D9@CE 3FKK 4@?7:C>D E92E 2 3FEE@? 92D 366?
E@F4965
,9:D 3FKK6C 42? 36 EFC?65 @77
+H:E49 @? E96 9@3 FD:?8 E96 >2:? DH:E49
+6E 2== 9@EA=2E6D E@ 962E D6EE:?8 +H:E49 @77 2== E96 9@EA=2E6D @?6 3J @?6 7C@> C:89E E@
=67E
,@F49 E96 >2:? DH:E49 7@C 2E =62DE D64@?5D 27E6C
H9:49 2 4@?7:C>2E:@? D:8?2= D@F?5D
1@F >2J 2=D@ DH:E49 E96 :?AFE 4@?7:C>2E:@? @? 282:?
(C@4665 :? E96 D2>6 >2??6C 2D 7@C DH:E49:?8 @77
):- )6, +4-)616/
@ ?@E FD6 9:89 AC6DDFC6 4=62?6CD @C DE62> ;6ED
):-
=62? J@FC 9@3 FD:?8 2 AC@E64E:G642C6 AC@5F4E 7@C
8=2DD 46C2>:4
!E 4@2ED E96 4@@<:?8 DFC7246 H:E9 2
8=@DDJ 5:CEcC6A6==6?E 7:=>
1@FC 9@3 H:== 4@?E:?F6 E@
=@@< 8@@5 7@C 2 =@?8 E:>6
!E >2<6D 4=62?:?8 62D:6C
4-)616/ /4);;
+-:)51+
=62? E96 9@3 27E6C 6249 FD6
,9:D AC6G6?ED 7@@5 7C@>
36:?8 3FC?E :?E@ E96 9@3 DFC7246
4-)616/ )/-6<;
'?=J FD6 4=62?:?8 286?ED H9:49 2C6 DF:E23=6 7@C 8=2DD
46C2>:4 6
8
* $& 46C2c7:I +:5@= 7@C
46C2? DE66=
/2E6C >2C<D 42? 2=D@ 36 C6>@G65 FD:?8 =6>@? ;F:46
@C G:?682C
%6;=1<)*4- +4-)616/ )/-6<;
@ ?@E FD6
3C2D:G6 DA@?86D D4@FC:?8 A25D @C 288C6DD:G6
4=62?:?8 286?ED DF49 2D @G6? DAC2J @C DE2:? C6>@G6C
4);; ;+:)8-:
1@F 42? C6>@G6 E9:4< 5:CE 36DE H:E9 2 8=2DD D4C2A6C
*6>@G6 E96 AC@E64E:G6 4@G6C 7C@> E96 8=2DD D4C2A6C
'?=J FD6 E96 3=256 E@ 4=62? E96 8=2DD 46C2>:4 DFC7246
,96 42D:?8 >2J D4C2E49 E96 46C2>:4 DFC7246
7? <7 +4-)6 <0- /4);;
+-:)51+ +77316/ ;=:.)+-
,96 3=256 :D G6CJ D92CA
,96C6 :D 2 C:D< @7 :?;FCJ
@G6C
E96 3=256 27E6C 4=62?:?8
*6A=246 52>2865 3=256D :>>65:2E6=J
-D6 E96 8=2DD D4C2A6C E@ C6>@G6 7@@5 C6D:5F6D 2?5
8C62D6 DA=2D96D
-D6 2 4=62?:?8 AC@5F4E 2?5 <:E496? E@H6= E@ 4=62? E96
DFC7246 H96? :E :D =F<6 H2C>
!7 E96 DFC7246 :D DE:== E@@
9@E :E 42? 364@>6 DE2:?65
/:A6 E96 DFC7246 2?5 CF3 5CJ H:E9 2 D@7E 4=@E9
#0155-:16/ 5-<)441+
,1;+747:)<176
76<:74 8)6-4;
4-)616/ <0- 07*
;=::7=6,
:D4@=@C2E:@? :D 42FD65 3J A2? 23C2D:@? @C E96 FD6 @7
F?DF:E23=6 4=62?:?8 286?ED
,9:D :D G6CJ 5:77:4F=E E@
C6>@G6
-D6 @3 =62? @C +:5@= 7@C 46C2? DE66=
'FC
27E6CcD2=6D D6CG:46 42? C6>@G6 5:D4@=@C2E:@? 3FE H:==
492C86 7@C E9:D D6CG:46
=H2JD <66A E96 4@?EC@= A2?6=D 4=62? 2?5 5CJ
@@5
C6D:5F6D 2?5 DA:==D 42? :>A2:C E96 7F?4E:@? @7 E96
4@?EC@= A2?6=D
'?=J FD6 H2C> D@2AJ H2E6C
@ ?@E FD6 2?JE9:?8 H9:49 :D D92CA @C 23C2D:G6
,96
8=2DD D4C2A6C :D F?DF:E23=6
,96 9@3 DFCC@F?5 4@F=5
36 52>2865
&6:E96C =6>@? ;F:46 ?@C G:?682C D9@F=5 36 FD65 7@C
4=62?:?8 E96 9@3 DFCC@F?5
,9:D 4@F=5 C6DF=E :? >2EE A2E496D
:7+-,=:- 16 <0- ->-6< 7. ) 5)4.=6+<176
%2=7F?4E:@?D @7E6? 92G6 D:>A=6 6IA=2?2E:@?D 2?5 >2J
36 62D:=J C64E:7:65
(=62D6 C625 E96 7@==@H:?8
:?DECF4E:@?D 367@C6 42==:?8 E96 27E6CcD2=6D D6CG:46
$0- 07* ,7-; 67< ?7:3
964< H96E96C E96C6 :D 2 A@H6C DFAA=J E@ E96
2AA=:2?46
964< H96E96C E96 4:C4F:E 3C62<6C @C 7FD6
@? J@FC 6=64EC:4 2AA=:2?46 92D EC:AA65
1; .4);016/ 16 )44 <007<84)<- ,1;84)A; )6, )
;1/6)4 1; ;7=6,16/
,96 4@?EC@= A2?6= :D G6CJ 5:CEJ 7@@5 92D 366? DA:=E @C
2? @3;64E 92D 366? A=2465 @? E96 H@C< DFC7246
=62?
E96 4@?EC@= A2?6= E9@C@F89=J @C C6>@G6 E96 @3;64E
7C@> E96 H@C< DFC7246
(C6DD E96 4@?EC@= A2?6=
4@?46C?65
,96 7=2D9:?8 DE@AD
$0- 07* 0); ;?1<+0-, 1<;-4.
7..
,96 >2:? DH:E49 H2D E@F4965 :?25G6CE6?E=J
+H:E49
E96 9@3 324< @?
5;FDE E96 D6EE:?8D 282:?
$0- +1:+=1< *:-)3-: 16 A7=:
07=;-074, -4-+<:1+)4 +1:+=1<
<:18; ?0-6 A7= ;?1<+0 76
<0- 07*
%2<6 DFC6 E92E E96 A@H6C 5C2H @7 2== E96 2AA=:2?46D
DH:E4965 @? 5@6D ?@E 6I4665 J@FC >2I:>F>
9@FD69@=5 6=64EC:4:EJ DFAA=J
964< H96E96C E96
4:C4F:E 3C62<6C EC:886CD H96? J@F DH:E49 @? 2?@E96C
9@EA=2E6
"-8)1:;
"-8)1:; 5)A 764A *- +)::1-, 7=< *A <:)16-,
+=;<75-: ;-:>1+- 8-:;766-4
!?4@CC64E C6A2:CD E@ E96 2AA=:2?46 >2J 6IA@D6 E96
FD6C E@ :?4C62D65 C:D<D
,1;84)A )6, 6=5*-:;
!7 2?5 ?F>36CD 2AA62C :? E96 5:DA=2J A2?6=D E96C6
:D 2 72F=E :? E96 6=64EC@?:4D
:D4@??64E E96 2AA=:2?46
7C@> E96 >2:?D 2?5 C64@??64E :E
@?DF=E E96
27E6CcD2=6D D6CG:46 :7 E96 5:DA=2J 2AA62CD 282:?
,1;84)A )6, 6=5*-:;
!7 2?5 2 ?F>36C 7=2D9 2=E6C?2E6=J :? E96 5:DA=2J J@FC
2AA=:2?46 :D :?5:42E:?8 2 72F=E
,96 7@==@H:?8 E23=6
4@?E2:?D >62DFC6D 7@C C64E:7J:?8 72F=ED
*,#
% + &%
,#+
*,)
4 /4:+84'2 +8858 ='9
685*;)+* =./2+ :.+ .5(
='9 =581/4-
/9)544+): :.+ )551/4- .5( ,853 :.+ 3'/49 %'/: ' ,+=
9+)54*9 (+,58+ )544+):/4- /: '-'/4
, :.+ 9?3(52 )54:/4;+9 :5 '66+'8 )54:'): :.+ :+).4/)'2
'99/9:'4)+ 9+8</)+
".+ )551/4- .5( /9 :55 .5:
'4* .'9 :;84+* 5,,
+35<+ :.+ )551='8+ ,853 :.+ ,854: )551/4- @54+9 /:
/9 :;84+* 5,, (? :5;)./4- :.+ )54:852 9;8,')+ /, :.+ .5( .'9
)552+* *5=4 9;,,/)/+4:2?
".+ )551/4- .5( /9 :55 .5:
'4* .'9 :;84+* 5,,
.+)1 =.+:.+8 :.+8+ /9 '4? .5: )551='8+ 54 :.+ )54:852
6'4+2 +35<+ :.+ )551='8+ ,853 :.+ )54:852 6'4+2 %'/:
' ,+= 3/4;:+9 ;4:/2 :.+ )54:852 6'4+2 .'9 )552+* ' 2/::2+ ,
',:+8 )544+):/54 '66+'89 '-'/4 )'22 :.+ :+).4/)'2
'99/9:'4)+ 9+8</)+
".+ )551/4- @54+ .'9
(++4 =581/4- ': ' ./-.
65=+8 '4* )54:/4;5;92?
,58 :55 254-
;:53':/) :/3+ 2/3/:':/54 .'9 (++4 '):/<':+*
"5 )54:/4;+ )551/4- :5;). '4? 9+4958
".+ )551/4- .5( /9 45:
=+22 )544+):+*
/9)544+): :.+ )551/4- .5( ,853 :.+ 3'/49 .+)1 :.+
)544+):/54 '4* )544+): /: '-'/4 )588+):2?
, :.+ /4*/)':/54 )54:/4;+9 45:/,? :.+ :+).4/)'2 '99/9:'4)+
9+8</)+
)+3)/16/ )6, 74, )8841)6+-;
1;87;16/ 16 )6
-6>1:765-6<)44AV
:-;876;1*4- 5)66-:
-?A24< E96 2AA=:2?46 2?5 5:DA@D6 @7 E96 A24<28:?8
:? 2? 6?G:C@?>6?E2==JcC6DA@?D:3=6 >2??6C
,9:D 2AA=:2?46 :D >2C<65 244@C5:?8 E@ E96 FC@A62?
5:C64E:G6 @? /2DE6 =64EC:42= 2?5
=64EC@?:4 BF:A>6?E /
,9:D 8F:56=:?6 :D E96 7C2>6 @7 2 FC@A62?cH:56 G2=:5:EJ
@7 C6EFC? 2?5 C64J4=:?8 @? /2DE6 =64EC:42= 2?5
=64EC@?:4 BF:A>6?E
.<-:V;)4-; ;-:>1+'FC 27E6CcD2=6D D6CG:46 :D E96C6 7@C J@F :7 J@FC 9@3
D9@F=5 ?665 E@ 36 C6A2:C65
1@F H:== 7:?5 E96 255C6DD
2?5 E6=6A9@?6 ?F>36C @7 J@FC ?62C6DE 27E6CcD2=6D
D6CG:46 46?EC6 :? E96 A9@?6 3@@<
,96 27E6CcD2=6D
D6CG:46 46?EC6D =:DE65 H:== 2=D@ 36 92AAJ E@ 25G:D6 J@F
@7 2 D6CG:46 A@:?E :? J@FC =@42= 2C62
6=5*-: )6, 6=5*-:
(=62D6 BF@E6 E96 ?F>36C AC@5F4E ?F>36C 2?5 E96
?F>36C AC@5F4E:@? ?F>36C @7 J@FC 2AA=:2?46
H96? 4@?E24E:?8 E96 27E6CcD2=6D D6CG:46
,96 C2E:?8 A=2E6 362C:?8 E96D6 ?F>36CD 42? 36 7@F?5
:? E96 2AA=:2?46 3@@<=6E
$)*4- ,- 5)<1L:-;
"-5):9=-; 1587:<)6<-; G2?E =6?42DEC6>6?E @?D:8?6D 56 DT4FC:ET 2FD6D 56 5@>>286D 88:-6<1;;)/- ,- 4)88):-14 $6 32?562F 56 4@>>2?56 $6D K@?6D 56 4F:DD@? !?5:42E6FC 56 492=6FC CTD:5F6==6 6<-::=8<-=: 8:16+18)4 )>-+ ;M+=:1<MV-6.)6<; !?E6CCFAE6FC AC:?4:A2= +T4FC:ETc6?72?ED =1:- *T8=286D ,23=62F @?D6:=D A@FC T4@?@>:D6C 56 =T?6C8:6 :M+0)=..)/- :)81,- $2 AC@8C2>>2E:@? D67764EF6 56 =2 72R@? DF:G2?E6 151<)<176 )=<75)<19=- ,= <-58; M;)+<1>-: 4) +76.1:5)<176 ,-6<:M- 6<:-<1-6 -< 6-<<7A)/- ?EC6E:6? &6EE@J286 56 =2 G:EC@4TC2>:BF6 &6EE@J286 5F 425C6 56 =2 E23=6 56 4F:DD@? :7+M,=:- )8:L; =6 ,M:)6/-5-6< 5*)44)/- -< )88):-14 =;)/M #-:>1+- )8:L;V>-6<- "-5):9=-; 1587:<)6<-;
&-=144-B 41:- )<<-6<1>-5-6< +-<<- 67<1+,=<141;)<176 +6F=6>6?E 52?D 46 42D G@FD A@FG6K
FE:=:D6C G@EC6 E23=6 56 4F:DD@? 4@CC64E6>6?E 6E 6? E@FE6
DT4FC:ET
@?D6CG6K 2G64 D@:? =2 ?@E:46 56 >@?E286 6E
5FE:=:D2E:@? 2:?D: BF6 =6 A2DD6A@CE 56 =2AA2C6:=
+:
G@FD C6>6EE6K =2AA2C6:= N F? E:6CD G6F:==6KcJ ;@:?5C6
=6D 5@4F>6?ED
>)6<
4-6+);<:-5-6<
>):1-; ,- <:)6;87:<
!?DA64E6K >:?FE:6FD6>6?E G@EC6 2AA2C6:= 2ACSD =2G@:C
5T32==T
&6 >6EE6K A2D =2AA2C6:= 6? D6CG:46 D: G@FD
2G6K 4@?DE2ET F?6 2G2C:6 5F6 2F EC2?DA@CE
")++7:,-5-6<; M4-+<:19=-;
G2?E =2 AC6>:SC6 >:D6 6? D6CG:46 56 G@EC6 2AA2C6:=
2DDFC6KcG@FD BF6 G@EC6 C244@C56>6?E 5@>6DE:BF6 6DE
>:D N =2 E6CC6 6E CTA@?5 N E@FE6D =6D AC6D4C:AE:@?D 56
DT4FC:ET 6? G:8F6FC
$:?DE2==2E:@? 6E =6 C244@C56>6?E
56 G@EC6 2AA2C6:= 56GC2:E UEC6 67764EFT A2C F?
E649?:4:6? 28CTT
+: =2AA2C6:= 6DE >:D 6? D6CG:46 D2?D C244@C56>6?E
4@CC64E 56 =2 3@C?6 56 E6CC6 @F 2ACSD F?
C244@C56>6?E ?@? CT8=6>6?E2:C6 464: A6FE 4@?5F:C6
3:6? BF6 52?D 56D 4@?5:E:@?D ECSD C2C6D N 56D
3=6DDFC6D 8C2G6D G@:C6 N =2 >@CE
$6 723C:42?E ?6DE A2D C6DA@?D23=6 56D 5@>>286D
CTDF=E2?E 5F? 6>A=@: ?@? 4@?7@C>6 @F 56
C244@C56>6?ED T=64EC:BF6D :?2AAC@AC:TD
76;1/6-; ,;M+=:1<M
6E 2AA2C6:= 6DE 56DE:?T N F? FD286 5@>6DE:BF6
F?:BF6>6?E
-E:=:D6K =2 E23=6 56 4F:DD@? F?:BF6>6?E A@FC ACTA2C6C
56D 2=:>6?ED
=14- -< /:)1;;- *:T4)6<-;
$9F:=6 @F =2 8C2:DD6 3Ca=2?E6 D6?7=2>>6 724:=6>6?E
*:DBF6D 5:?46?5:6
&6 492F776K ;2>2:D 56 =2 8C2:DD6 @F 56 =9F:=6 D2?D =2
DFCG6:==6C
+: =9F:=6 D6?7=2>>6 ?6 ;2>2:D =TE6:?5C6 2G64 56
=62F
@FGC:C :>>T5:2E6>6?E 2G64 F? 4@FG6C4=6 @F F?6
2DD:6EE6
E6:?5C6 =6 7@J6C
$2:DD6C =2 G2:DD6==6 C67C@:5:C DFC =6 7@J6C
7A-:; +0)=,;
-;;7=; ,- +);;-:74-; -<
.7A-:; 57=144M;
1;;=:-; ,)6; 4)
>1<:7+M:)519=-
&6 A2D E@F496C =6D 7@J6CD 492F5D
*:DBF6 56 3Ca=FC6D
=@:8?6K :>ATC2E:G6>6?E =6D 6?72?ED
$:?5:42E6FC 56
492=6FC CTD:5F6==6 >6E 6? 82C56 56 7@J6CD 492F5D
&6 ;2>2:D 5TA@D6C 56D @3;6ED :?7=2>>23=6D DFC =6
7@J6C
*:DBF6D 5:?46?5:6
+:= J 2 F? E:C@:C D@FD =2 E23=6 56 4F:DD@? G@FD ?6
56G6K A2D J 4@?D6CG6C 56D @3;6ED :?7=2>>23=6D @F
56D 3@>36D 2TC@D@=
*:DBF6D 5:?46?5:6
$6D 4P3=6D 56 C244@C56>6?E 56D 2AA2C6:=D T=64EC:BF6D
?6 5@:G6?E A2D E@F496C =6D 7@J6CD 492F5D
6D
5@>>286D A6FG6?E DFCG6?:C N =:D@=2E:@? 5F 4P3=6 6E N
=2 E23=6 56 4F:DD@?
F =:BF:56 6?EC6 =6 56DD@FD 56 =2 42DD6C@=6 6E =6 7@J6C
A6FE 4@?5F:C6 N F?6 AC6DD:@? 56 G2A6FC
$2 42DD6C@=6
A6FE UEC6 D@F=6GT6 3CFDBF6>6?E A2C =2 AC6DD:@? 56 =2
G2A6FC
*:DBF6 56 3=6DDFC6D
%2:?E6?6K E@F;@FCD =6 7@J6C 6E =6 56DD@FD 56 42DD6C@=6
D64D
? 42D 56 42DDFC6D 7:DDFC6D @F 7U=FC6D 52?D =2
G:EC@4TC2>:BF6 := J 2 C:DBF6 5T=64EC@4FE:@?
%6EE6K :>>T5:2E6>6?E =2AA2C6:= 9@CD E6?D:@?
@FA6K =6 7FD:3=6 56 =2AA2C6:= 52?D =6 3@XE:6C N
7FD:3=6D
AA6=6K =6 D6CG:46 2ACSDcG6?E6
- 87;-B 8); ,7*2-<; -6
5M<)4 ;=: 4) <)*4- G
16,=+<176
&6 =2:DD6K A2D 52=:>6?ED 52?D F?6 76F:==6 2=F 56
4@FG6CED 56 4@FG6C4=6D 56 42DD6C@=6D @F 52FEC6D
@3;6ED >TE2==:BF6D DFC =2 E23=6 56 4F:DD@?
+: =2AA2C6:=
TE2:E >:D 6? >2C496 A2C >T82C56 46D @3;6ED
A@FCC2:6?E C2A:56>6?E UEC6 492F77TD 6E @442D:@??6C
56D 3Ca=FC6D
"M8):)<176; 16-@8-:<-;
$6D CTA2C2E:@?D :?6IA6CE6D D@?E 52?86C6FD6D
*:DBF6
5T=64EC@4FE:@?
+6F= F? E649?:4:6? 5F D6CG:46 2ACSDcG6?E6 7@C>T A2C
?@D D@:?D 6DE 923:=:ET N 67764EF6C 56D CTA2C2E:@?D
I*4- ,- :)++7:,-5-6<
,@FE6 :?E6CG6?E:@? DFC =2AA2C6:= >U>6 =6
C6>A=246>6?E @F =6 3C2?496>6?E 5F 4P3=6 56
C244@C56>6?E 5@:E UEC6 67764EFT6 A2C =6 D6CG:46
2ACSDcG6?E6
EE6?E:@? $6 .76+<1766-5-6< 16<-:51<<-6< 56D
K@?6D 56 4F:DD@? ?6DE A2D F? D:8?6 56 A2??6
==6D
7@?4E:@??6?E E@F;@FCD N =6FC A=6:?6 AF:DD2?46 >2:D
2G64 56D ATC:@56D @_ 6==6D 52==F>6?E 6E DTE6:8?6?E
A=FD @F >@:?D =@?8F6D 6? 7@?4E:@? 5F ?:G62F 56
AF:DD2?46 DT=64E:@??T
(=FD =6 ?:G62F 56 AF:DD2?46
6DE T=6GT A=FD =6 E6>AD 56 7@?4E:@??6>6?E 6DE =@?8 6E
=2 E6>ATC2EFC6 2EE6:?E6 92FE6
)=;-; ,,755)/-;
76,; ,- +);;-:74-; -< ,87N4-;
$6D 56DD@FD 56 42DD6C@=6D 6E 56 A@U=6D CF8F6FI
C2J6?E =2 G:EC@4TC2>:BF6
.TC:7:6K G@EC6 G2:DD6==6
G:E6K =2 4F:DD@? N G:56 6? A2CE:4F=:6C 6? 42D 56
CT4:A:6?ED T>2:==TD 6E 6? 2=F>:?:F>
6D 5@>>286D
A6FG6?E DFCG6?:C 2F 7@?5 56D CT4:A:6?ED 6E N =2
G:EC@4TC2>:BF6
(@FC =2 G2:DD6==6 DAT4:2=6 C6DA64E6K =6D :?5:42E:@?D 5F
723C:42?E
7N4-; -< +);;-:74-;
+0)=,-;
&6 5TA@D6K ;2>2:D 56D A@U=6D @F 56D 42DD6C@=6D
492F56D DFC =6 32?562F 56 4@>>2?56 =2 K@?6
5277:49286 @F =6 425C6
6D 5@>>286D A6FG6?E DFCG6?:C
#-4 ;=+:- -< ;)*4-
$6 D6= DF4C6 6E =6 D23=6 @442D:@??6?E 56D C2JFC6D DFC
=2 G:EC@4TC2>:BF6
&6 G@FD D6CG6K A2D 56 =2 E23=6 56
4F:DD@? 4@>>6 DFC7246 56 C2?86>6?E @F 56 EC2G2:=
*2-<; ,=:; -< 8716<=;
+: 56D @3;6ED 5FCD @F A@:?EFD E@>36?E DFC =2 E23=6 56
4F:DD@? :=D A6FG6?E @442D:@??6C 56D 5@>>286D
&6 C2?86K A2D 56 E6=D @3;6ED 2Fc56DDFD 56 =2 E23=6 56
4F:DD@?
415-6<; ,M*7:,M;
$6 DF4C6 6E =6D 2=:>6?ED N 7@CE6 E6?6FC 6? DF4C6
6?5@>>286?E =2 E23=6 56 4F:DD@?
?=6G6K
:>>T5:2E6>6?E =6D 2=:>6?ED 5T3@C5TD 2G64 F? C24=@:C
N G6CC6
EE6?E:@? $6 C24=@:C N G6CC6 2 F?6 =2>6 2:8F:DT6
-=144-; -< 84);<19=-;
$6D 76F:==6D 6? 2=F>:?:F> @F =6D CT4:A:6?ED 6?
A=2DE:BF6 7@?56?E DFC =6D 7@J6CD 492F5D
$6D 76F:==6D 56 AC@E64E:@? A@FC 4F:D:?:SC6D ?6 D@?E A2D
2AAC@AC:T6D A@FC G@EC6 E23=6 56 4F:DD@?
@-584-; ,- ,755)/-;
87;;1*4-;
$6D 6?5@>>286>6?ED DF:G2?ED ?:?7=F6?46?E ?: =6
7@?4E:@??6>6?E ?: =2 C@3FDE6DD6 56 =2 G:EC@4TC2>:BF6
/:)<1/6=:-;
5F6D N 5F DF4C6 7@?5F @F 56D 2=:>6?ED N 7@CE6 E6?6FC
6? DF4C6
")A=:-;
5F6D N 56D 8C2:?D 56 D6= 56 DF4C6 @F 56 D23=6 @F A2C
56D 56DD@FD 56 42DD6C@=6D CF8F6FI
..-<; ,- 51:71<-5-6<; 5M<)4419=-;
5FD 2F 7C@EE6>6?E 56 42DD6C@=6D @F N =FE:=:D2E:@? 56
5TE6C86?ED :?2AAC@AC:TD
M+7: -..)+M
5a N 56D AC@5F:ED ?6EE@J2?ED :?2AAC@AC:TD
6D 5@>>286D D@?E AC@G@BFTD A2C =FE:=:D2E:@?
:?25TBF2E6 56 =2AA2C6:= 6E ?6 D@?E 5@?4 A2D
4@FG6CED A2C =2 82C2?E:6 42C := ?6 D28:E A2D 56
AC@3=S>6D E649?:BF6D 56 =2AA2C6:=
88:-6<1;;)/- ,- 4)88):-14
2?D 46 492A:EC6 D@?E 5T4C:ED =6D 32?562FI 56
4@>>2?56 7@J6CD 6E 277:49286D
!=D D@?E 5:77TC6?ED
D6=@? =6 EJA6 52AA2C6:=
- *)6,-)= ,+755)6, * '&,)
659/:/54 *+ ).';,,+ O */9654/(/2/:H '; 9+8</)+ ).'2+;8 8H9/*;+22+ ,) &$$% '&,)
/4:+88;6:+;8 68/4)/6'2
#=:.)+-; ,- +755)6,-
,) &$$%
'&,) @54+ *+ );/9954
*5;(2+
,)* &$$% '&,)
8H-2'-+ *+ 2'
659/:/54 *+ ).';,,+
$@CDBF6 G@FD E@F496K F? DJ>3@=6 =2 7@?4E:@?
C6DA64E:G6 6DE 24E:GT6
I6>A=6 77=6FC6C =6 DJ>3@=6 $2 E23=6 56 4F:DD@? 6DE >:D6 6? >2C496
"-5):9=-
$6D CT8=286D C6DE6?E :?492?8TD D: G@FD E@F496K
3C:SG6>6?E A=FD:6FCD 492>AD
:?D: G@FD A@FG6K
6DDFJ6C D2?D AC@3=S>6 56D 2=:>6?ED 5T3@C5TD 52?D
=2 K@?6 56 CT8=286
.6:==6K N 46 BF6 =6D DFC7246D 56 4@>>2?56 D@:6?E
E@F;@FCD AC@AC6D 6E DS496D
$9F>:5:ET 6E 56D
D2=:DDFC6D 4@>AC@>6EE6?E =6 7@?4E:@??6>6?E
-; B76-; ,+=1;;76
(76- ,- +=1;;76 8):
:),1)<176
!= ?6DE A2D A@DD:3=6 56 >@5:7:6C =6D 5:>6?D:@?D 56 =2
DFC7246 52?D 46D K@?6D 56 4F:DD@?
+T=64E:@??6C =2 K@?6 56 4F:DD@? 4@CC64E6
$6D 5:>6?D:@?D 5F CT4:A:6?E 56GC2:6?E 4@Y?4:56C 2G64
46==6D 56 =2 K@?6 56 4F:DD@?
7A-: G ,-=@ B76-;
+FC 46D 7@J6CD G@FD A@FG6K >@5:7:6C =2 5:>6?D:@?
$67@J6C 5@:E UEC6 24E:GT
?4=6?496>6?E 56 =2 DFC7246 56 492F776 6IETC:6FC6
77=6FC6C =6 DJ>3@=6
$6 G@J2?E =F>:?6FI D2==F>6
TD24E:G6C
77=6FC6C 56 ?@FG62F =6 DJ>3@=6
$6 G@J2?E
=F>:?6FI DTE6:?E
$2 56C?:SC6 5:>6?D:@? 6DE 2FE@>2E:BF6>6?E
DT=64E:@??T6 =@CDBF6 G@FD C2==F>6K =6 7@J6C
6,1+)<-=: ,+0)4-=: :M;1,=-44-
$2 E23=6 56 4F:DD@? A@DDS56 A@FC 492BF6 7@J6C F?
:?5:42E6FC 56 492=6FC CTD:5F6==6
!= :?5:BF6 BF6=D 7@J6CD
D@?E 6?4@C6 492F5D
$:?5:42E6FC 56 492=6FC
CTD:5F6==6 2 56FI ?:G62FI
+:= 2AA2C2XE F? N =277:49286 =6 7@J6C 6DE 6?4@C6
492F5
.@FD A@FG6K A
6I
>2:?E6?:C F? A6E:E A=2E 2F
492F5 @F 72:C6 7@?5C6 5F 49@4@=2E 56 4@FG6CEFC6
$@CDBF6 =6 7@J6C 4@?E:?F6 N C67C@:5:C =:?5:42E6FC
277:496 $277:49286 DTE6:?E =@CDBF6 =6 7@J6C 2
DF77:D2>>6?E C67C@:5:
<<-6<176
$:?5:42E6FC 56 492=6FC CTD:5F6==6 ?6 D2==F>6 A=FD
2ACSD F?6 A2??6 56 4@FC2?E
$6D 7@J6CD A6FG6?E
6?4@C6 UEC6 492F5D
6<-::=8<-=: 8:16+18)4 )>-+
;M+=:1<MV-6.)6<;
6<-::=8<-=:
8:16+18)4
G64 =:?E6CCFAE6FC AC:?4:A2= G@FD 24E:G6K
=T=64EC@?:BF6 5F 32?562F 56 4@>>2?56
%2:?E6?2?E
=2 E23=6 56 4F:DD@? 6DE ACUE6 N 7@?4E:@??6C
6+4-6+0-:
77=6FC6K =6 DJ>3@=6 ;FDBFN 46 BF6 =6D 277:49286Db
56D 7@J6CD D2==F>6?E
M;)+<1>-:
77=6FC6K =6 DJ>3@=6 ;FDBFN 46 BF6 =6D 277:49286Db
56D 7@J6CD DTE6:8?6?E
,@FD =6D 7@J6CD D6C@?E TE6:?ED
$:?5:42E6FC 56 492=6FC CTD:5F6==6 C6DE6 277:49T ;FDBFN
46 BF6 =6D 7@J6CD 2:6?E DF77:D2>>6?E C67C@:5:D
"-5):9=-;
$2 E23=6 56 4F:DD@? DTE6:?E 2FE@>2E:BF6>6?E =@CDBF6
E@FD =6D 7@J6CD D@?E TE6:?ED 56AF:D A=FD 56
bD64@?56D
+: 2ACSD =6?4=6?496>6?E 56 =2 E23=6 56 4F:DD@? := J 2
6?4@C6 56 =2 492=6FC CTD:5F6==6 =6D 277:49286D 6E V
4=:8?@E6?E 6? 2=E6C?2?46 N =277:49286 5F 7@J6C
#M+=:1<MV-6.)6<;
+<1>-: 4) ;M+=:1<MV-6.)6<;
7:? BF6 G@D 6?72?ED ?6 AF:DD6?E A2D 2==F>6C =6D
7@J6CD G@FD A@FG6K G6CC@F:==6C =2 E23=6 56 4F:DD@?
4@?EC6 F?6 >:D6 6? >2C496 :?G@=@?E2:C6
$2
DT4FC:ETc6?72?ED C6DE6 24E:G6 6? A6C>2?6?46
==F>6C =2 E23=6 56 4F:DD@? A2C =:?E6CCFAE6FC AC:?4:A2=
*T8=6K =6D 7@J6CD DFC =2 A@D:E:@? 56 492F776 E6:8?6K DF446DD:G6>6?E E@FD =6D 7@J6CD 56 5C@:E6
N 82F496
77=6FC6K =:?E6CCFAE6FC AC:?4:A2= 2F >@:?D A6?52?E
D64@?56D F? D:8?2= C6E6?E:E 2ACSD 46EE6 5FCT6
$2 DT4FC:ETc6?72?ED 6DE 24E:GT6
147<-: 4) <)*4- ,- +=1;;76
492BF6 >:D6 6? >2C496 677=6FC6C =:?E6CCFAE6FC
AC:?4:A2= A=FD 56 D64@?56D
(6?52?E 46 E6>AD
=277:49286 4=:8?@E6
SD BF6 =277:49286 DTE6:?E =2
E23=6 56 4F:DD@? 6DE 6? D6CG:46
M;)+<1>-: 4)
;M+=:1<MV-6.)6<;
.@FD A@FG6K C65TD24E:G6C =2 DT4FC:ETc6?72?ED
(C@4T56K 56 =2 >U>6 >2?:SC6 BF6 A@FC =24E:G2E:@?
56 =2 DT4FC:ETc6?72?ED
&-::7=144)/- -@+-8<1766-4
,- 4) <)*4- ,- +=1;;76
.@FD A@FG6K G6CC@F:==6C =2 E23=6 56 4F:DD@?
6I46AE:@??6==6>6?E A
6I
=@CDBF6 56D A6E:ED 6?72?ED
D@?E 6? G:D:E6
$2 E23=6 56 4F:DD@? 5@:E UEC6 TE6:?E6
77=6FC6K =:?E6CCFAE6FC AC:?4:A2= A=FD 56
bD64@?56D
$6D 277:49286D 56D 7@J6CD DTE6:8?6?E
$277:49286 D2==F>6 D64@?56D 6E DTE6:?E
6?DF:E6
$2 E23=6 56 4F:DD@? 6DE G6CC@F:==T6
#=88:15-: 4- >-::7=144)/-@+-8<1766-4
77=6FC6K =:?E6CCFAE6FC AC:?4:A2= A=FD 56
D64@?56D
$2 E23=6 56 4F:DD@? 6DE 6?4=6?49T6
$6
G6CC@F:==286 6DE 5TD24E:GT
<<-6<176
$2 DT4FC:ETc6?72?ED A6FE UEC6 24E:GT6 @F 5TD24E:GT6
:?G@=@?E2:C6>6?E A2C 56 =62F 56 ?6EE@J286 56D
2=:>6?ED 5T3@C5TD @F 56D @3;6ED A@DTD DFC
=:?E6CCFAE6FC AC:?4:A2= =1:-
#=:.)+- ,- +755)6,-<
2?D 46 492A:EC6 G@FD 2AAC6?5C6K 4@>>6?E CT8=6C =6D
7@J6CD
2?D =6 E23=62F G@FD EC@FG6C6K =6D A@D:E:@?D 56
492F776 6E =6D E6>AD 56 4F:DD@? A@FC 5:77TC6?ED A=2ED
$6D 4@?D6:=D 4:c2ACSD G@FD 2:56C@?E N T4@?@>:D6C 56
=T?6C8:6
G64 =6D DJ>3@=6D 6E G@FD CT8=6K =6D A@D:E:@? 56
492F776 D@F92:ET6D
(@D:E:@? 56 492F776 AF:DD2?46 >:?:>F>
(@D:E:@? 56 492F776 AF:DD2?46 >2I:>F>
92BF6 7@J6C A@DDS56 F?6 A@D:E:@? 56 492F776
:?E6C>T5:2:C6
==6 6DE >2CBFT6 A2C F? A@:?E
"M/4)/-;
$:?E6CCFAE6FC AC:?4:A2= 5@:E UEC6 6?4=6?49T
77=6FC6C =6 492>A =277:49286 4=:8?@E6 F? !77=6FC6C 52?D =6D D64@?56D DF:G2?E6D =6 492>A @F =6 492>A $6 CT8=286 56 32D6 2AA2C2XE
92>A A@D:E:@? 56 492F776 92>A A@D:E:@? 56 492F776 %@5:7:6C =2 A@D:E:@? 56 492F776
46E 6776E 677=6FC6C =6 492>A @F =6 492>A ;FDBFN 46 BF6 =2 A@D:E:@? 56 492F776 D@F92:ET6
2AA2C2:DD6 N =277:49286
7,1.1-: 4) 87;1<176 ,+0)=..-
.@FD A@FG6K N E@FE >@>6?E >@5:7:6C =2 A@D:E:@? 56
492F776
<-16,:- 4- .7A-:
77=6FC6K =6 492>A ;FDBFN =2AA2C:E:@? 56 6AF:D =6 ?:G62F 56 AF:DD2?46 G@FD A@FG6K A=FD
724:=6>6?E 244T56C 2F ?:G62F 6? E@F492?E 56FI 7@:D
=6 42AE6FC $6 7@J6C DTE6:?E 6E 2ACSD 6?G
D64@?56D 2AA2C2XE
=:?5:42E6FC 56 492=6FC CTD:5F6==6
$)*4-)=
2?D =6 E23=62F DF:G2?E G@FD EC@FG6C6K BF6=BF6D
6I6>A=6D
$6D E6>AD 56 4F:DD@? 5TA6?56?E 5F EJA6 5F A@:5D 6E
56 =2 BF2=:ET 56D >6ED
6D T42CED D@?E 5@?4
A@DD:3=6D
,%+ +4
&* + &% ,
)' &* + &% ,)4 $ !&+
$ !&+
) &%)
.5)52': -2'F'-+ (+;88+ 3/+2 H2':/4+
6'7;
O
O
O
O
O
O
4,)
H-;3+9 +4 )549+8<+9
5;/2254
!5;6+ 2/H+
'/:
-O32O
2
32O
2
32O32
O34
O34
O34
O34
O
O
O
O
O34
O34
O34
O34
4,) + $ %+% ) ,
,
5:H+ 6+> 62': *+ 2+4:/22+9
'/:
-O32O
2
O34
O34
O
O
4&%#) + )4,)
6/4'8*9 9;8-+2H9
5;2'9). 9;8-+2H
-O-O
1-
O34
O34
O
O
O
34
O34
+,-)
;+4+22+9
(5;2+::+9
O2*+';
5/9954
O6/G)+9
-O-
O
34
O34
O
O
O34
O
34
,%+ +4
&* + &% ,
)' &* + &% ,)4 $ !&+
$ !&+
-O
-O-
O34
O34
O
O
O34
O34
-O
1-
O34
O
O34
-O
1-
O34
O
O34
-O
1-O-
O34
O
34
O
O
O34
O
34
) *)
';6/+::+9
M:/ A (8'/9+8
5;2'9).
6/G)+9
1-
O34
O34
O
34
O
O
O
O34
O
34
O34
&5#)
8I6+-'2+::+
9)'256+ 6'4H+
!:+'1
C:544+:9 *+ 65/9954
O 6/G)+9
O6/G)+9
6/G)+9
O34
O34
O34
O34
O
O
O
O
);/8+ +4 )54:/4;
O
34
O
34
O
34
O
34
O
O
34
O
,'/8+ ,8/8+ +4
)54:/4;
,'/8+ ,8/8+ +4
)54:/4;
) , )
/@ '<+) *5;(2+ <52;3+ *+';
/@ '; 2'/: 32O
2*+ 2'/:
533+9 *+ :+88+ +4 85(+ *+9
).'369 '<+)
O :'99+9 *+';
533+9 *+ :+88+ A 24-2'/9+
'<+)
O :'99+9 *+';
H-;3+9 ,8'/9 '<+)
O :'99+9
*+';
C:+9 O2 *+';
) +,) *'49 O2 *.;/2+
85*;/:9 9;8-+2H9
/<+89
/05:+8 9'49 )5;<+8)2+
76;-14; 87=:
M+76751;-: ,4M6-:/1) *766- ,15-6;176 ,+);;-:74-
- 6'8
8+362/99'-+
- 6'8
8+362/99'-+
-E:=:D6K 56D 42DD6C@=6D 6E 56D A@U=6D 2G64 F? 7@?5
TA2:D A=2E
6D 7@?5D :?T82FI 2==@?86?E =6D E6>AD 56
4F:DD@?
9@:D:DD6K A@FC 492BF6 7@J6C =2 5:>6?D:@? 56
42DD6C@=6 2AAC@AC:T6
$6 5:2>SEC6 5F 7@?5 56 =2
42DD6C@=6 6E 56 =2 A@U=6 5@:E 4@CC6DA@?5C6 N =2
5:>6?D:@? 5F 7@J6C
!>A@CE2?E $6D 723C:42?ED 56 G2:DD6==6 :?5:BF6?E
D@FG6?E =6 5:2>SEC6 DFATC:6FC 56 =2 42DD6C@=6
!= 6DE
8T?TC2=6>6?E A=FD 8C2?5 BF6 =6 5:2>SEC6 5F 7@?5
(@FC 56D A6E:E6D BF2?E:ETD FE:=:D6K F?6 A6E:E6
42DD6C@=6
-?6 8C2?56 42DD6C@=6 A6F C6>A=:6
?T46DD:E6 362F4@FA 5T?6C8:6
-<<:- 4- +7=>-:+4-
@FGC6K =6D 42DD6C@=6D 6E A@U=6D E@F;@FCD 2G64 F?
4@FG6C4=6 252AET
-?6 4F:DD@? D2?D 4@FG6C4=6
?T46DD:E6 BF2EC6 7@:D A=FD 5T?6C8:6
)1:- +=1:- )>-+ 8-= ,-)=
2:E6D 4F:C6 2G64 A6F 562F
64: 72:E T4@?@>:D6C 56
=T?6C8:6
$6D G:E2>:?6D 6E >:?TC2FI 56D =T8F>6D
D6C@?E 4@?D6CGTD
"M,=1:- 4- :M/4)/-
*T5F:D6K N E6>AD N F?6 A@D:E:@? 56 492F776
:?7TC:6FC6
:M+0)=..)/- :)81,6EE6 7@?4E:@? A6FE UEC6 FE:=:DT6 BF2?5 ?@FD
D@F92:E@?D 2EE6:?5C6 C2A:56>6?E =2 E6>ATC2EFC6
>2I:>F> AF:D A2DD6C 6?DF:E6 N F?6 E6>ATC2EFC6 56
4@?D6CG2E:@? =6 E@FE 56 >2?:SC6 2FE@>2E:BF6
) 8:7/:)55)<176
;-..-+<=- ,- 4)
.)K76 ;=1>)6<- @-584- 67=; ;7=0)1<76;
=<141;-: 4- 61>-)= ,8=1;;)6+- +755<-58M:)<=:- ,+76;-:>)<176
,@FE6D =6D K@?6D 56 4F:DD@? D@?E >F?:6D 56 46EE6
7@?4E:@?
+F:G6K =6D TE2A6D DF:G2?E6D +T=64E:@??6K =2 K@?6 56 4F:DD@? 6E =6 ?:G62F 56
AF:DD2?46 D@F92:ETD A2C 6I6>A=6 AAFJ6K D:>F=E2?T>6?E DFC =6D DJ>3@=6D 6E +FC =:?5:42E6FC D277:496C@?E 2=E6C?2E:G6>6?E 6E =6
?:G62F 56 AF:DD2?46 A2C 6I6>A=6 $2 7@?4E:@?
6DE 2=@CD 24E:GT6
.@EC6 K@?6 56 4F:DD@?
7@?4E:@??6C2 N 46 >@>6?E=N 2F ?:G62F 56
AF:DD2?46 >2I:>F> -?6 7@:D T4@F=T =6 E6>AD TE23=: 6==6 C6G:6?5C2 DFC
D@? ?:G62F :?:E:2= A2C 6I6>A=6 $6 ACT492F77286
C2A:56 D6C2 2=@CD 5TD24E:GT
151<)<176 )=<75)<19=- ,= <-58;
+: F? 7@J6C 6DE 6? >2C496 56AF:D =@?8E6>AD 6E G@FD
?6 >@5:7:6K A2D =6 CT8=286 =2 =:>:E2E:@? 2FE@>2E:BF6
5F E6>AD D6C2 24E:GT6
$2 492F776 5F 7@J6C 6DE :?E6CC@>AF6
=277:49286 5F 7@J6C 4=:8?@E6 6? 2=E6C?2?46 F?
6EF?
+: G@FD 677=6FC6K F? BF6=4@?BF6 492>A 56
4@>>2?56 =277:49286 DTE6:?E
.@FD A@FG6K
AC@4T56C N F? ?@FG62F CT8=286
BF6= >@>6?E =2 =:>:E2E:@? 5F E6>AD 6DE 24E:GT6 5Tc
A6?5 56 =2 A@D:E:@? 56 492F776 CT8=T6 N 96FC6D
M;)+<1>-: 4) +76.1:5)<176 ,-6<:M$677=6FC6>6?E 5F? 492>A 6DE 4@?7:C>T A2C F? 3C67
D:8?2=
.@FD A@FG6K 5TD24E:G6C 46 D:8?2=
==F>6C =2 E23=6 56 4F:DD@? 2F >@J6? 56 =:?E6CCFAE6FC
AC:?4:A2=
*T8=6C =6D 7@J6CD DFC =2 A@D:E:@? 56 492F776 E6:8?6K DF446DD:G6>6?E E@FD =6D 7@J6CD 56 5C@:E6
N 82F496
77=6FC6C =:?E6CCFAE6FC AC:?4:A2= 2F >@:?D A6?52?E
bD64@?56D =6 D:8?2= 56 4@?7:C>2E:@? C6E6?E:E
2ACSD 46EE6 5FCT6
.@FD A@FG6K 2FDD: CT24E:G6C =2 4@?7:C>2E:@? 56?ECT6
(@FC 46=2 AC@4T56K 56 =2 >U>6 >2?:SC6 BF6 A@FC =2
5TD24E:G2E:@?
6<:-<1-6 -< 6-<<7A)/&FE:=:D6K ;2>2:D F? ?6EE@J6FC 92FE6 AC6DD:@? ?: F?
?6EE@J6FC N ;6E 56 G2A6FC
6<:-<1-6
-<<7A)/- ,- 4)
>1<:7+M:)519=-
?EC6E6?6K G@EC6 E23=6 56 4F:DD@? 2G64 F? AC@5F:E 56
AC@E64E:@? 6E 56?EC6E:6? A@FC G:EC@4TC2>:BF6
!=
4@FGC6 =2 DFC7246 56 4F:DD@? 5F?6 A6==:4F=6 3C:==2?E6
C6A@FDD2?E =6D D2=:DDFC6D
$2 E23=6 56 4F:DD@? 82C56
=@?8E6>AD D@? 2DA64E 5F ?6F7
.@FD G@FD 724:=:E6K =6
?6EE@J286
&6EE@J6K =2 E23=6 56 4F:DD@? 2ACSD 492BF6 FE:=:D2E:@?
6=2 TG:E6 BF6 56D CTD:5FD 2=:>6?E2:C6D D:?4CFDE6?E
-E:=:D6K F?:BF6>6?E 56D AC@5F:ED 56 ?6EE@J286
2AAC@AC:TD A@FC 56 =2 G:EC@4TC2>:BF6 A
6I
- $*
?6EE@J2?E G:EC@4TC2>:BF6 +2:?E %2C4 (C@ "0
G:EC@4TC2>:BF6 +E29=c7:I /# ,'(
:7,=1<; 6-<<7A)6<;
$6D E2496D 562F A6FG6?E UEC6 T=:>:?T6D 2G64 5F ;FD
56 4:EC@? @F 5F G:?2:8C6
:7,=1<; 6-<<7A)6<;
16)88:78:1M;
&FE:=:D6K ;2>2:D
56 E2>A@?D 6? A2:==6 >TE2==:BF6 5TA@?86D N 5@D
CT4FC2?E @F 56D 5TE6C86?ED 28C6DD:7D 4@>>6 =6D
2TC@D@=D A@FC 7@FC @F =6D 5TE2492?ED
")+471: G >-::-
$6D 7@CE6D D2=:DDFC6D D6?=SG6?E =6 >:6FI 2G64 F?
C24=@:C N G6CC6
?=6G6K =2 DT4FC:ET 5F C24=@:C N G6CC6
&6EE@J6K =2 DFC7246 6? G:EC@4TC2>:BF6 F?:BF6>6?E
2G64 =2 =2>6
$6 3@XE:6C A@FCC2:E C2J6C =2 G:EC@4TC2>:BF6
$2 =2>6 6DE ECSD 2:8F:DT6
*:DBF6 56 3=6DDFC6D
@FGC6K =2 =2>6 2ACSD =6 ?6EE@J286
*6>A=246K :>>T5:2E6>6?E =6D =2>6D 6?5@>>28T6D
755-6< 6-<<7A-: 4)
;=:.)+- ,- +=1;;76 -6
>1<:7+M:)519=-
?=6G6K 2G64 =6 C24=@:C N G6CC6 =6D CTD:5FD 52=:>6?E 6E
=6D AC@;64E:@?D 56 8C2:DD6
&6EE@J6C =2 DFC7246 E:S56 2G64 F? AC@5F:E ?6EE@J2?E 6E
5F A2A:6C 23D@C32?E
6D E2496D A6FG6?E DFCG6?:C D:
=2 DFC7246 56 4F:DD@? 6DE 6?4@C6 EC@A 492F56
DDFJ6K =2 DFC7246 2G64 F?6 TA@?86 9F>:56 6E
6?DF:E6 2G64 F? 49:77@? 5@FI A@FC =2 DT496C
..-<; ,- 51:71<-5-6<;
5M<)4419=-;
$6D 5T4@=@C2E:@?D D@?E 5FD N 56D 5TE6C86?ED
:?2AAC@AC:TD @F N =2 7C:4E:@? 56D 7@?5D 56 CT4:A:6?ED
!=D
D6?=SG6?E 5:77:4:=6>6?E
-E:=:D6K 5F +E29=c7:I
&@EC6
D6CG:46 2ACSDcG6?E6 6?=SG6 56D 5T4@=@C2E:@?D 4@?EC6
C6>3@FCD6>6?E 56D 7C2:D
0)58; ,- +755)6,-
%2:?E6?6K E@F;@FCD 46EE6 K@?6 AC@AC6 6E DS496
6D
CTD:5FD 52=:>6?E 6E 56D 2=:>6?ED 5T3@C5TD A6FG6?E
4@>AC@>6EEC6 =6 7@?4E:@??6>6?E
-<<7A)/- ,= +),:,- 4) <)*4- ,+=1;;76
-E:=:D6K F?:BF6>6?E 56 =62F E:S56 255:E:@??T6 56
AC@5F:E N G2:DD6==6
&FE:=:D6K A2D 56 AC@5F:ED >@C52?ED @F CT4FC2?ED ?:
52446DD@:C6D EC2?492?ED
$6 C24=@:C N G6CC6 6DE
:?2AAC@AC:T
$6 425C6 56 =2 E23=6 56 4F:DD@? A@FCC2:E
UEC6 6?5@>>28T
F ;FD 56 4:EC@? 6E 5F G:?2:8C6 D@?E :?2AAC@AC:TD A@FC
?6EE@J6C =6 425C6 56 =2 E23=6 56 4F:DD@?
6D 6?5C@:ED 5TA@=:D A6FG6?E 6? UEC6 =6 CTDF=E2E
:7+M,=:- )8:L; =6 ,M:)6/-5-6<
+: F? 5TC2?86>6?E DFCG:6?E := D28:E D@FG6?E 56
3282E6==6D BF6 =@? A6FE CTD@F5C6 724:=6>6?E
G2?E
52AA6=6C =6 D6CG:46 2ACSDcG6?E6 G@FD 56GC:6K
C6DA64E6C =6D :?5:42E:@?D DF:G2?E6D
) <)*4- ,- +=1;;76 6.76+<1766- 8);
.TC:7:6K D: =2AA2C6:= 6DE 2=:>6?ET 6? 4@FC2?E
.TC:7:6K D:
=6 7FD:3=6 @F =6 4@FA6c4:C4F:E 56 G@EC6 :?DE2==2E:@?
T=64EC:BF6 2 5:D;@?4ET
#=: <7=; 4-; )..1+0)/-; ,-;
.7A-:; +41/67<- -< =6
;1/6)4 ;767:- :-<-6<1<
$2 DFC7246 56 4@>>2?56 6DE ECSD 6?4C2DDT6 56D
2=:>6?ED @?E 5T3@C5T @F F? @3;6E 6DE A=24T DFC =2
DFC7246 56 EC2G2:=
&6EE@J6K D@:8?6FD6>6?E =2 DFC7246
56 4@>>2?56 @F 6?=6G6K =@3;6E 56 =2 DFC7246 56
EC2G2:=
AAFJ6K DFC =2 DFC7246 56 4@>>2?56
4@CC6DA@?52?E6
$6 4=:8?@E6>6?E D2CCUE6
) <)*4- ,- +=1;;76 ;-;<
M<-16<-
$:?E6CCFAE6FC AC:?4:A2= 2 TET 24E:@??T A2C >T82C56
*T6?4=6?496Kc=6
*T8=6K N ?@FG62F
%6 .=;1*4- ,- >7<:- :M;-)=
M4-+<:19=- ;)=<- 47:;9=>7=; )44=5-B 4) <)*4- ,+=1;;76
@?EC]=6K BF6 =2 4@?D@>>2E:@? 56 AF:DD2?46 56 E@FD
=6D 2AA2C6:=D 6? >2C496 ?6 5TA2DD6 A2D =2 G2=6FC
>2I:>2=6 56 G@EC6 3C2?496>6?E 5@>6DE:BF6
.TC:7:6K
D: =6 7FD:3=6 CTA@?5 T82=6>6?E =@CD 56 =2==F>286 5F?
2FEC6 7@J6C
"M8):)<176;
#-=4 =6 8-:;766-4 #& .7:5M -;< 0)*141<M G
8:7+M,-: G ,-; :M8):)<176;
6D CTA2C2E:@?D :?6IA6CE6D 56 =2AA2C6:= A6FG6?E
6IA@D6C =FE:=:D2E6FC N 56 DTC:6FI C:DBF6D
..1+0)/- -< +01..:-;
+: F? 6E 56D 49:77C6D 2AA2C2:DD6?E 52?D =6D K@?6D
5277:49286 =T=64EC@?:BF6 ACTD6?E6 F? 5T72FE
+TA2C6K =2AA2C6:= 5F D64E6FC 6E C63C2?496Kc=6
5C6DD6KcG@FD 2F D6CG:46 2ACSDcG6?E6 D: =277:49286 D6
C2==F>6
..1+0)/- -< +01..:-;
+: F? 6E F? 49:77C6 2AA2C2:DD6?E 6? 2=E6C?2?46 N
=277:49286 G@EC6 2AA2C6:= D:8?2=6 F? 5TC2?86>6?E
2?D =6 E23=62F DF:G2?E G@FD EC@FG6C6K 56D >6DFC6D
A@FC T=:>:?6C 56D 5TC2?86>6?ED
%%
*,)
#4+ +88+;8 /4:+84+ +9:
9;8<+4;+ *'49 2' :'(2+ *+
);/9954
!H6'8+@ 2' :'(2+ *+ );/9954 *; 9+):+;8 ::+4*+@ 7;+27;+9
9+)54*+9 +: 8+(8'4).+@O2'
!/ 2',,/).'-+ 4+ 9H:+/4: 6'9 '66+2+@ 2+ 9+8</)+
'68G9O<+4:+
' :'(2+ *+ );/9954 +9:
:856 ).';*+ +: 9+9:
)5;6H+
+:/8+@ 2+ 8H)/6/+4: *+ 2' @54+ *+ );/9954 '<'4: 9H:+/4: 25897;+ <5;9 +,,2+;8+@ 2' 9;8,')+ *+ )533'4*+
25897;+ 2' :'(2+ *+ );/9954 ' 9;,,/9'33+4: 8+,85/*/
' :'(2+ *+ );/9954 +9:
:856 ).';*+ +: 9+9:
)5;6H+
$H8/,/+@ 9/ ;4 8H)/6/+4: ).';* +9: 62')H 9;8 2+ ('4*+'; *+
)533'4*+ 42+<+@ 2+ 8H)/6/+4: *; ('4*+'; *+
)533'4*+ ::+4*+@ 7;+27;+9 3/4;:+9 0;97;A )+ 7;+ 2+
('4*+'; *+ )533'4*+ '/: ;4 6+; 8+,85/*/ !/ 8H'66'8'K: '68G9 2' 8+3/9+ +4 3'8).+ '66+2+@ 2+ 9+8</)+
'68G9O<+4:+
+ ,5?+8 H:'/: :856
254-:+369 +4 3'8).+
9'49 /4:+88;6:/54 A ;4+
6;/99'4)+ *+ ).';,,+
H2+<H+
' )5;6;8+ ';:53':/7;+ *; :+369 9+9: '):/<H+
5;8 )54:/4;+8 2' );/9954 '66;?+@ 9;8 ;4+ 7;+2)547;+
:5;).+
' :'(2+ *+ );/9954 4+9:
6'9 )588+):+3+4:
8'))58*H+
!H6'8+@ 2' :'(2+ *+ );/9954 *; 9+):+;8 549;2:+@ 2+ 62'4
*+ 8'))58*+3+4: +: 8'))58*+@O2' )54,583H3+4:
!/ 2',,/).'-+ 4+ 9H:+/4: 6'9 '66+2+@ 2+ 9+8</)+
'68G9O<+4:+
5*)44)/- -< )88):-14 =;)/M
41516)<176 M+747/19=-
T32==6K =2AA2C6:= 6E T=:>:?6K =6>32==286 6?
C6DA64E2?E =6?G:C@??6>6?E
6E 2AA2C6:= 6DE >2CBFT D6=@? =2 5:C64E:G6 6FC@AT6??6
C6=2E:G6 2FI 2AA2C6:=D T=64EC:BF6D 6E
T=64EC@?:BF6D FD28TD H2DE6 6=64EC:42= 2?5 6=64EC@?:4
6BF:A>6?E c /
$2 5:C64E:G6 5T7:?:E =6 425C6 A@FC F?6 C6AC:D6 6E F?6
CT4FATC2E:@? 56D 2AA2C6:=D FD28TD 2AA=:423=6D 52?D
=6D A2JD 56 =2 #-:>1+- )8:L;V>-6<+: G@EC6 2AA2C6:= 2 36D@:? 5UEC6 CTA2CT ?@EC6 D6CG:46
2ACSDcG6?E6 D6 E:6?E N G@EC6 5:DA@D:E:@?
.@FD
EC@FG6C6K 52?D =2??F2:C6 ET=TA9@?:BF6 =25C6DD6 6E =6
?F>TC@ 56 ET=TA9@?6 5F D6CG:46 2ACSDcG6?E6 =6 A=FD
AC@496
$6D 46?EC6D 56 D6CG:46 2ACSDcG6?E6 :?5:BFTD
G@FD C6?D6:8?6C@?E T82=6>6?E G@=@?E:6CD DFC =6 D6CG:46
2ACSDcG6?E6 =6 A=FD AC@496 56 G@EC6 5@>:4:=6
=5M:7; ,- 8:7,=1< -<
,- .)*:1+)<176 $@CDBF6 G@FD 2AA6=6K ?@EC6 D6CG:46 2ACSDcG6?E6
G6F:==6K :?5:BF6C =6 ?F>TC@ 6E =6 ?F>TC@ 56
=2AA2C6:=
$TE:BF6EE6 D:8?2=TE:BF6 6DE 2AA@DT6 DFC =2
A2CE:6 :?7TC:6FC6 56 =2 E23=6 56 4F:DD@? 6E DFC 46
>2?F6= 5:?DECF4E:@?D 5FE:=:D2E:@?
6,1+;8-<<1 ) +=1 8:-;<):- )<<-6B176- (C:>2 56= >@?E288:@ &@C>6 5: D:4FC6KK2 2FD6 56: 52??: 767;+-:- 4)88):-++017 (2??6==@ 4@>2?5: $6 K@?6 4@EEFC2 !?5:42E@C6 56= 42=@C6 C6D:5F@ 6<-::=<<7:- 8:16+18)4- +76 ;1+=:-BB) *)5*167 !?E6CCFEE@C6 AC:?4:A2=6 +:4FC6KK2 32>3:?@ =+16):- *68@=2K:@?6 ,236==2 @?D:8=: A6C C:DA2C>:2C6 6?6C8:2 :-:1;+)4,)5-6<7 :)81,7 (C@8C2>>2C6 4@>6 :?5:42E@ 5: D68F:E@ 151<)B176- <-587 )=<75)<1+) 1;)<<1>)B176- ,-4 ;1;<-5) ,1 +76.-:5) ,-1
,)<1 155-;;1 =:) - 5)6=<-6B176- %2?FE6?K:@?6 (F=:K:2 56==6 DFA6C7:4: :? G6EC@46C2>:42 (F=:K:2 56==2 4@C?:46 56= A:2?@ 5: 4@EEFC2 7587:<)5-6<7 16 +);7 ,1 )675)41) 5*)44)//17 - )88):-++017 ,1;5-;;7 #-:>1B17 ,1 );;1;<-6B) <-+61+) ;8-<<1 ) +=1 8:-;<):- )<<-6B176-//-:- )<<-6<)5-6<- 4- 8:-;-6<1 1;<:=B1761 8-:
4=;7 +@=E2?E@ :? BF6DE@ >@5@ D2CN A@DD:3:=6
FE:=:KK2C6 := A:2?@ 5: 4@EEFC2 :? >@5@ 4@CC6EE@ 6 :?
4@?5:K:@?: 5: D:4FC6KK2
@?D6CG2C6 4@? 4FC2 =6 :DECFK:@?: 5: >@?E288:@ 6 =6
:DECFK:@?: A6C =FD@ ?@?49T =2 D49652 56==2AA2c
C6449:@
+6 D: 4656 =2AA2C6449:@ S ?646DD2C:@
4@?D68?2C6 2?496 BF6DE: 5@4F>6?E:
:15) ,-4
576<)//17
)661 158=<)*141 )4
<:);87:<7
@?EC@==2C6 4@? 4FC2 =2AA2C6449:@ 5@A@ 2G6C=@
6DEC2EE@ 52==:>32==288:@
&@? >6EE6C6 :? 7F?K:@?6
=2AA2C6449:@ BF2=@C2 D: D:2 C:=6G2E@ F? 52??@ 5:
EC2DA@CE@
44)++1)5-6<1 -4-<<:1+1
(C:>2 5: AC@4656C6 2==2 AC:>2 >6DD2 :? 7F?K:@?6
56==2AA2C6449:@ 2446CE2CD: 496 =2==244:2>6?E@
5@>6DE:4@ D:2 4@==682E@ 2 >2DD2 6 D@55:D7: EFEE: :
C6BF:D:E: A@DE: 52==6 5:C6EE:G6 G:86?E: :? >2E6C:2 5:
D:4FC6KK2
$:?DE2==2K:@?6 6 =2==244:2>6?E@
56==2AA2C6449:@ 56G@?@ 6DD6C6 6776EEF2E: 52 A2CE6 5:
F? E64?:4@ 2FE@C:KK2E@
&6= 42D@ :? 4F: =2AA2C6449:@ G6?82 >6DD@ :? 7F?K:@?6
D6?K2 2==244:2>6?E@ 4@CC6EE@ AF[ DFDD:DE6C6 A6C:4@=@
5: >@CE6 @ 5: 8C2G: =6D:@?: 7:D:496
!= 4@DECFEE@C6 ?@? D: 2DDF>6 2=4F?2 C6DA@?D23:=:EN :?
42D@ 5: FE:=:KK@ ?@? 2AAC@AC:2E@ @ 5: 4@==682>6?E:
6=6EEC:4: :?252EE:
7:5- ,1 ;1+=:-BB)
)F6DE@ 2AA2C6449:@ S DE2E@ 4@?46A:E@
6D4=FD:G2>6?E6 2: 7:?: 5: F? FD@ AC:G2E@
!= A:2?@ 5: 4@EEFC2 56G6 6DD6C6 FE:=:KK2E@
6D4=FD:G2>6?E6 A6C =2 AC6A2C2K:@?6 5: A:6E2?K6
417 - /:);;7 *744-6<1
$@=:@ @ := 8C2DD@ 3@==6?E: D: :?46?5:2?@ C2A:52>6?E6
(6C:4@=@ 5: :?46?5:@
)F2?5@ D: 72 D42=52C6 56==@=:@ @ 56= 8C2DD@ S
?646DD2C:@ C:>2?6C6 ?6==6 :>>65:2E6 G:4:?2?K6
+6 =@=:@ D: :?46?5:2 ?@? FD2C6 >2: 24BF2 A6C
DA68?6C=@
@AC:C6 :>>65:2E2>6?E6 4@? F? A:2EE@ @ F?
4@A6C49:@
:D2EE:G2C6 =2 K@?2 5: 4@EEFC2
$2D4:2C6 C277C6552C6 =2 A6?E@=2 DF==2 K@?2 5: 4@EEFC2
(76- ,1 +7<<=:)
;=::1;+)4,)<-
&@? E@442C6 =6 K@?6 5: 4@EEFC2 496 D: D@?@
DFCC:D42=52E6
(6C:4@=@ 5: D4@EE2EFC6
,6?6C6 : 32>3:?: 2 5:DE2?K2 5: D:4FC6KK2
$:?5:42E@C6
56= 42=@C6 C6D:5F@ 2GG6CE6 D6 =6 K@?6 5: 4@EEFC2 D@?@
DFCC:D42=52E6
&@? 2AA@88:2C6 >2: @886EE: :?7:2>>23:=: DF= A:2?@ 5:
4@EEFC2
(6C:4@=@ 5: :?46?5:@
+6 2= 5: D@EE@ 56= A:2?@ 5: 4@EEFC2 D: EC@G2 F? 42DD6EE@
D: C244@>2?52 5: ?@? 4@?D6CG2CG: @886EE: :?7:2>>23:=:
?T 3@>3@=6EE6 DAC2J
(6C:4@=@ 5: :?46?5:@
!= 42G@ 5: 2==244:2>6?E@ 568=: 2AA2C6449: 6=6EEC:4: ?@?
56G6 >2: G6?:C6 2 4@?E2EE@ 4@? =6 K@?6 5: 4@EEFC2
42=56
$:D@=2>6?E@ 56= 42G@ 6 := A:2?@ 5: 4@EEFC2
A@DD@?@ DF3:C6 52??:
(76- ,1 +7<<=:) - .76,1 ,1
8-6<74) *)/6)<1
$2 AC6D6?K2 5: =:BF:5@ EC2 := 7@?5@ 56==2 A6?E@=2 6 =2
K@?2 5: 4@EEFC2 AF[ 86?6C2C6 AC6DD:@?6 AC@5@EE2 52=
G2A@C6
42FD2 5: E2=6 AC6DD:@?6 =2 A6?E@=2 A@EC6336
:>AC@GG:D2>6?E6 D2=E2C6 :? 2C:2
(6C:4@=@ 5: =6D:@?:
$2 K@?2 5: 4@EEFC2 6 := 7@?5@ 56==2 A6?E@=2 56G@?@
6DD6C6 D6>AC6 2D4:FEE:
:-8- 6-4 5)<-:1)4- 16
>-<:7+-:)51+)
!? 42D@ 5: 76DDFC6 4C6A6 @ 76?5:EFC6 56=
G6EC@46C2>:42 DFDD:DE6 := A6C:4@=@ 5: D4@DD6 6=6EEC:496
+A68?6C6 :>>65:2E2>6?E6 =2AA2C6449:@
:D2EE:G2C6 := 7FD:3:=6 56==2AA2C6449:@ ?6==2 C6=2E:G2
D42E@=2
*:G@=86CD: 2= D6CG:K:@ 2DD:DE6?K2 E64?:42
76 87;):- 7//-<<1 16
5-<)447 ;=4 +)587 )
16,=B176-
&@? =2D4:2C6 DF= A:2?@ 5: 4@EEFC2 2=:>6?E: 2GG@=E: :?
A6==:4@=2 :? 2==F>:?:@ A@D2E6 4@A6C49: @ 2=EC: @886EE: :?
>6E2==@
!? 42D@ 5: 2EE:G2K:@?6 244:56?E2=6
56==2AA2C6449:@ BF6DE: @886EE: A@EC6336C@
DFCC:D42=52CD: C2A:52>6?E6 6 42FD2C6 FDE:@?:
"18):)B1761 676 +76.7:51
=: :?E6CG6?E: 5: C:A2C2K:@?6 6776EEF2E: :? >@5@ ?@?
4@?7@C>6 C2AAC6D6?E2?@ F?2 7@?E6 5: A6C:4@=@
*:D49:@ 5: D4@DD6 6=6EEC:496
$6 C:A2C2K:@?: 56G@?@ 6DD6C6 6776EEF2E6
6D4=FD:G2>6?E6 52 A6CD@?2=6 E64?:4@ 2568F2E2>6?E6
:DECF:E@ 52 A2CE6 56= D6CG:K:@ 2DD:DE6?K2 4=:6?E:
)>7 ,1 )44)++1)5-6<7
)F2=F?BF6 E:A@ 5: :?E6CG6?E@ 2 =:G6==@ 56==2AA2C6449:@
:?4=FD6 =6 @A6C2K:@?: 5: D@DE:EFK:@?6 @ 5: 4@==682>6?E@
56= 42G@ 5: 2==244:2>6?E@ 56G6 6DD6C6 6776EEF2E@ 52=
D6CG:K:@ 5: 2DD:DE6?K2 E64?:42
!= .=6B176)5-6<7 16<-:51<<-6<- 56==6 K@?6 5: 4@EEFC2
?@? S F? 5:76EE@ 6DD6 7F?K:@?2?@ D6>AC6 2= >2DD:>@
56==2 A@E6?K2 :? :?E6CG2==: 5: 2446D@ 6 DA6?E@ A:_ @
>6?@ =F?89: 2 D64@?52 56= =:G6==@ 5: A@E6?K2
D6=6K:@?2E@
)F2?E@ >288:@C6 S := =:G6==@ 5: A@E6?K2
E2?E@ A:_ =F?8@ S := E6>A@ 5: 7F?K:@?2>6?E@ 6
>288:@C6 =2 E6>A6C2EFC2 C288:F?E2
)=;- ,-1 ,)661
76,1 ,1 8-6<74- - 8),-44-
-6<74- - 8),-44- +)4,-
#)4- B=++0-:7 - ;)**1)
//-<<1 ,=:1 - )+=516)<1
=7:1=;+1<) ,1 )415-6<1
! 7@?5: CFG:5: 56==6 A6?E@=6 6 56==6 A256==6 8C277:2?@ :=
>2E6C:2=6 :? G6EC@46C2>:42
@?EC@==2C6 =6 DE@G:8=:6
G:E2C6 =2 4@EEFC2 4@? A6?E@=6 GF@E6 D@AC2EEFEE@ D6 D:
EC2EE2 5: DE@G:8=:6 D>2=E2E6 @ :? 2==F>:?:@
!= 7@?5@ 56==6
A6?E@=6 6 := >2E6C:2=6 :? G6EC@46C2>:42 A@EC6336C@
52??688:2CD:
(6C =6 DE@G:8=:6 DA64:2=: C:DA6EE2C6 =6 :?5:42K:@?: 56=
AC@5FEE@C6
&@? 2AA@88:2C6 >2: =6 A6?E@=6 6 =6 A256==6 42=56 DF=
A2??6==@ 4@>2?5: DF= D6EE@C6 56= 5:DA=2J @ DF==2
4@C?:46
(@EC6336C@ 56C:G2C?6 56: 52??:
!= D2=6 =@ KF4496C@ 6 =2 D233:2 8C277:2?@ := >2E6C:2=6 :?
G6EC@46C2>:42
&@? FE:=:KK2C6 := A:2?@ 5: 4@EEFC2 4@>6
DFA6C7:4:6 5: =2G@C@ @ 5: 2AA@88:@
=: @886EE: 5FC: 6 24F>:?2E: 496 425@?@
244:56?E2=>6?E6 DF= A:2?@ 5: 4@EEFC2 A@DD@?@
42FD2C6 52??:
&@? C:A@CC6 BF6DE: @886EE: DF= A:2?@ 5: 4@EEFC2
$@ KF4496C@ 6 8=: 2=:>6?E: 2 6=6G2E@ 4@?E6?FE@ 5:
KF4496C@ 52??688:2?@ := A:2?@ 5: 4@EEFC2
=: 2=:>6?E:
7F@C:FD4:E: 56G@?@ 6DD6C6 6=:>:?2E: :>>65:2E2>6?E6
4@? F? C2D49:6EE@ A6C G6EC@
EE6?K:@?6 != C2D49:6EE@ A6C G6EC@ 92 F?2 =2>2 277:=2E2
-441+74- - 5)<-:1)41 84);<1+1
;-581 ,1 87;;1*141 ,)661
+6 2AA@88:2E: DF==6 K@?6 5: 4@EEFC2 42=56 =6 A6==:4@=6
:? 2==F>:?:@ 6 : 4@?E6?:E@C: :? >2E6C:2=6 A=2DE:4@
7@?5@?@
$2 A6==:4@=2 5: AC@E6K:@?6 56==2 4F4:?2 ?@? S 252EE2 2
BF6DE@ A:2?@ 5: 4@EEFC2
! D68F6?E: 52??: ?@? 4@>AC@>6EE@?@ ?T := 4@CC6EE@
7F?K:@?2>6?E@ ?T =2 DE23:=:EN 56= >2E6C:2=6 :?
G6EC@46C2>:42
7:5)B176- ,1 :-;1,=1 /-4)<167;1
A6C 6776EE@ 56==@ KF4496C@ 7FD@ @ 5: 2=:>6?E: 2 6=6G2E@
4@?E6?FE@ 5: KF4496C@
:)..1
5@GFE: 2: 8C2?6==: 5: D2=6 KF4496C@ @ D233:2 @AAFC6 2:
7@?5: 5: A6?E@=2 CFG:5:
747:)B1761 5-<)441+0A6C 6776EE@ 56==FDFC2 56==6 A6?E@=6 @
:? D68F:E@ 2==FD@ 5: 56E6C86?E: :?2AAC@AC:2E:
-+7:)B176- ;5-:1/41)<)
:? D68F:E@ 2==FD@ 5: 56E6C86?E: ?@? 2AAC@AC:2E:
)F6DE: 52??: D@?@ 42FD2E: 52==FD@ D4@CC6EE@
56==2AA2C6449:@ 6 ?@? D@?@ A6CE2?E@ 4@A6CE: 52==2
82C2?K:2 A@:49T ?@? D: EC2EE2 5: AC@3=6>: E64?:4:
56==2AA2C6449:@
767;+-:- 4)88):-++017
!? BF6DE@ 42A:E@=@ G6?8@?@ 56D4C:EE: : A:2?: 5: 4@EEFC2
=6 K@?6 5: 4@EEFC2 6 : 5:DA=2J
DD: D: 5:776C6?K:2?@ 2
D64@?52 56= E:A@ 5: 2AA2C6449:@ :? BF6DE:@?6
)66-447 +75)6,1
*'#/ ')
-8'*5 */ )5::;8' O '(/2/:'@/54+ ' +4:8'8+ /4 ,;4@/54+
)'258+ 8+9/*;5 ,') &$%&
')
/4:+88;::58+ 68/4)/6'2+
#=8-:.1+1 ,1 +75)6,7
,') &%+)&##& ') @54' )5::;8' *566/'
,') &$%& ')
8+-52'@/54+ *+22'
@54' */ )5::;8'
)F2?5@ D: E@442 F? D:>3@=@ G:6?6 2EE:G2E2 =2 7F?K:@?6
4@CC:DA@?56?E6
D6>A:@ E@442C6 := D:>3@=@ != A:2?@ 5: 4@EEFC2 G:6?6 2EE:G2E@
>>-:<-6B)
+6 D: 2K:@?2?@ A:_ A2??6==: 6?EC@ F? 3C6G6 :?E6CG2==@ 5:
E6>A@ =6 :>A@DE2K:@?: C6DE2?@ :?2=E6C2E6
!? BF6DE@
>@5@ S A@DD:3:=6 6=:>:?2C6 724:=>6?E6 : C6D:5F:
EC23@442E: ?6= 42>A@ 5: C68@=2K:@?6
$6 DFA6C7:4: 5: 4@>2?5@ 56G@?@ 6DD6C6 >2?E6?FE6
D6>AC6 AF=:E6 65 2D4:FEE6
$F>:5:EN 6 =@ DA@C4@ ?6
4@>AC@>6EE@?@ := 4@CC6EE@ 7F?K:@?2>6?E@
- B76- +7<<=:)
(76) +7<<=:) 8-: :),1)B176-
!? BF6DE6 K@?6 4@EEFC2 ?@? S A@DD:3:=6 >@5:7:42C6 =6
5:>6?D:@?: 56==2 DFA6C7:4:6
+6=6K:@?2C6 =2 K@?2 4@EEFC2 4@CC6EE2
$6 5:>6?D:@?: 56= C64:A:6?E6 5@GC6336C@ 4@:?4:56C6
4@? BF6==6 56==2 K@?2 4@EEFC2
(76) ,1 +7<<=:) ) +1:+=1<7
,78817
(6C BF6DE6 K@?6 5: 4@EEFC2 S A@DD:3:=6 >@5:7:42C6 =6
5:>6?D:@?:
$2 K@?2 5: 4@EEFC2 56G6 6DD6C6 2EE:G2E2
EE:G2K:@?6 56= 4:C4F:E@ 5: C:D42=52>6?E@ 6DE6C?@
D7:@C2C6 := D:>3@=@
$2 =2>A252 DA:2 D: :==F>:?2
:D2EE:G2K:@?6
D7:@C2C6 ?F@G2>6?E6 := D:>3@=@
$2 =2>A252 DA:2 D:
DA68?6
+6 D: 2EE:G2 ?F@G2>6?E6 =2 K@?2 5: 4@EEFC2 G:6?6
D6=6K:@?2E2 2FE@>2E:42>6?E6 =F=E:>2 5:>6?D:@?6
FE:=:KK2E2
6,1+)<7:- ,-4
+)47:- :-;1,=7
!= A:2?@ 5: 4@EEFC2 S 5@E2E@ 5: F? :?5:42E@C6 5: 42=@C6
C6D:5F@ A6C 4:2D4F?2 K@?2 5: 4@EEFC2
,2=6 :?5:42E@C6
D68?2=2 BF2=: D@?@ =6 K@?6 5: 4@EEFC2 2?4@C2 2
E6>A6C2EFC2 6=6G2E2
$:?5:42E@C6 5: 42=@C6 C6D:5F@
AC6D6?E2 5F6 8C25:
+6 := 5:DA=2J G:DF2=:KK2 =2 K@?2 5: 4@EEFC2 S 2?4@C2
42=52
A6C 6D6>A:@ A@DD:3:=6 >2?E6?6C6 42=52 F?2
A:6E2?K2 @ 72C D4:@8=:6C6 =2 >2C>6==2E2
@? := C277C6552>6?E@ 56==2 K@?2 5: 4@EEFC2 := 5:DA=2J
G:DF2=:KK2 != 5:DA=2J D: DA68?6 BF2?5@ =2 K@?2 5:
4@EEFC2 D: S DF77:4:6?E6>6?E6 C277C6552E2
<<-6B176-
@A@ F? 42=@ 5: 4@CC6?E6 =:?5:42K:@?6 5: 42=@C6
C6D:5F@ ?@? D: 2EE:G2 A:_
! 7@C?6==: A@EC6336C@ 6DD6C6
2?4@C2 42=5:
6<-::=<<7:- 8:16+18)4- +76 ;1+=:-BB)
*)5*167
6<-::=<<7:8:16+18)4-
$:?E6CCFEE@C6 AC:?4:A2=6 4@?D6?E6 5: 2EE:G2C6 :=
5:DA@D:E:G@ 6=6EEC@?:4@ 56= A2??6==@ 4@>2?5:
'C2 :=
A:2?@ 5: 4@EEFC2 S AC@?E@ 2 6?EC2C6 :? 7F?K:@?6
<<1>)B176-
,@442C6 := D:>3@=@ 7:?49T ?@? D: :==F>:?2?@ :
5:DA=2JU 56==6 K@?6 5: 4@EEFC2
1;)<<1>)B176-
,@442C6 := D:>3@=@ 7:?49T ?@? D: DA6?8@?@ :
5:DA=2Jb 56==6 K@?6 5: 4@EEFC2
,FEE6 =6 K@?6 5: 4@EEFC2
G6?8@?@ 5:D2EE:G2E6
$:?5:42E@C6 56= 42=@C6 C6D:5F@
C6DE2 2EE:G@ 7:?49T =6 K@?6 5: 4@EEFC2 ?@? D: D@?@
DF77:4:6?E6>6?E6 C277C6552E6
>>-:<-6B-
!= A:2?@ 5: 4@EEFC2 D: 5:D2EE:G2 2FE@>2E:42>6?E6
BF2?5@ EFEE6 =6 K@?6 5: 4@EEFC2 C:>2?8@?@ DA6?E6 A6C
A:_ 5: D64@?5:
+6 :? D68F:E@ 2==2EE:G2K:@?6 56= A:2?@ 5: 4@EEFC2 G: S
2?4@C2 56= 42=@C6 C6D:5F@ DF= 5:DA=2J 56==6 K@?6 5:
4@EEFC2 =2>A688:2?@ 2=E6C?2E2>6?6 6 #1+=:-BB) *)5*167
A@DD:3:=6 AC6G6?:C6 =2EE:G2K:@?6 244:56?E2=6 56=
A:2?@ 5: 4@EEFC2 52 A2CE6 56: 32>3:?: 496 92??@ 2GFE@
2446DD@ 2==6 K@?6 5: 4@EEFC2
$2 D:4FC6KK2 32>3:?@
C6DE2 A6C>2?6?E6>6?E6 2EE:G2
<<1>)B176- ,-44) ;1+=:-BB)
*)5*167
EE:G2C6 := A:2?@ 5: 4@EEFC2 >65:2?E6 =:?E6CCFEE@C6
AC:?4:A2=6
!>A@DE2C6 =6 K@?6 5: 4@EEFC2 DF= 8C25@ 5: 4@EEFC2b
:D2EE:G2C6 :? DF446DD:@?6 =6 K@?6 5: 4@EEFC2
AC@4656?5@ 52 56DEC2 G6CD@ D:?:DEC2
K:@?2C6 =:?E6CCFEE@C6 AC:?4:A2=6 A6C 2=>6?@
bD64@?5: 5@A@5:49T C:DF@?2 F? D68?2=6
24FDE:4@
$2 D:4FC6KK2 32>3:?@ S 2EE:G2E2
%<141BB7 ,-4 81)67 ,1 +7<<=:)
'8?:BF2=G@=E2 D: 2446?52 =2AA2C6449:@ 2K:@?2C6
=:?E6CCFEE@C6 AC:?4:A2=6 A6C A:_ 5: D64@?5:
FC2?E6 BF6DE@ :?E6CG2==@ 5: E6>A@ =2>A688:2 &@?
2AA6?2 := 5:DA=2J D: DA68?6 := A:2?@ 5: 4@EEFC2 S
2EE:G2E@
1;)<<1>)B176- ,-44)
;1+=:-BB) *)5*167
$2 D:4FC6KK2 32>3:?@ AF[ 6DD6C6 ?F@G2>6?E6
5:D2EE:G2E2
(C@4656C6 D68F6?5@ 6D2EE2>6?E6 =6
:?5:42K:@?: 7@C?:E6 A6C =2EE:G2K:@?6 56==2 D:4FC6KK2
32>3:?@
47++7 7++);176)4- ,-4
81)67 ,1 +7<<=:)
A@DD:3:=6 3=@442C6 := A:2?@ 5: 4@EEFC2 :? @442D:@?:
A2CE:4@=2C: 25 6D6>A:@ :? AC6D6?K2 5: 32>3:?: A:44@=:
!= A:2?@ 5: 4@EEFC2 56G6 6DD6C6 5:D2EE:G2E@
K:@?2C6 =:?E6CCFEE@C6 AC:?4:A2=6 A6C A:_ 5:
D64@?5:
! 5:DA=2J 56==6 K@?6 5: 4@EEFC2 D: DA6?8@?@
!= 5:DA=2J D: :==F>:?2 A6C D64@?5: A@: D: DA68?6
!=
A:2?@ 5: 4@EEFC2 G:6?6 3=@442E@
66=44)5-6<7 ,-4
*47++77++);176)4-
K:@?2C6 =:?E6CCFEE@C6 AC:?4:A2=6 A6C A:_ 5:
D64@?5: != A:2?@ 5: 4@EEFC2 S 2EE:G2E@
!= 3=@44@ G:6?6
C:>@DD@
<<-6B176-
$2 AC6D6?K2 DF==:?E6CCFEE@C6 AC:?4:A2=6 5: 24BF2 5:
AF=:EFC2 =:BF:5@ 7F@C:FD4:E@ @ @886EE: 5: BF2=D:2D:
86?6C6 AF[ AC@G@42C6 =2EE:G2K:@?6 @ =2 5:D2EE:G2K:@?6
:?G@=@?E2C:2 56==2 7F?K:@?6 +:4FC6KK2 32>3:?@
=+16):!= AC6D6?E6 42A:E@=@ DA:682 4@>6 :>A@DE2C6 =6 K@?6 5:
4@EEFC2
$2 E236==2 :?5:42 : 8C25: 6 : E6>A: 5: 4@EEFC2
:562=: A6C =6 5:G6CD6 C:46EE6
! 4@?D:8=: 7@C?:E: 4@?D6?E@?@
5: C:DA2C>:2C6 6?6C8:2
#=8-:.1+1- ,1
+75)6,7-
@? : D:>3@=: 6 :>A@DE2C6 : 8C25: 5: 4@EEFC2
56D:56C2E:
C25@ 5: 4@EEFC2 A@E6?K2 >:?:>2
C25@ 5: 4@EEFC2 A@E6?K2 >2DD:>2
'8?: 8C25@ 5: 4@EEFC2 5:DA@?6 5: F? 8C25@ :?E6C>65:@
4@?EC2DD68?2E@ 52 F? AF?E@
"-/74)B176-
$:?E6CCFEE@C6 AC:?4:A2=6 56G6 6DD6C6 2EE:G2E@
+7:@C2C6 := A2??6==@ +F= 5:DA=2J =2>A688:2 F?@ ?EC@ : DF446DD:G: D64@?5: D7:@C2C6 := A2??6==@ @AAFC6 := A2??6==@ .:6?6 4@DV G:DF2=:KK2E2
=:>A@DE2K:@?6 32D6
2>A@ 8C25@ 5: 4@EEFC2 2>A@ 8C25@ 5: 4@EEFC2 %@5:7:42 56= 8C25@ 5: 4@EEFC2
+7:@C2C6 := A2??6==@ @AAFC6 := A2??6==@ 7:?49T
DF= 5:DA=2J ?@? G6?82 G:DF2=:KK2E@ := 8C25@ 5:
4@EEFC2 56D:56C2E@
7,1.1+) ,-4 /:),7 ,1
+7<<=:)
!= 8C25@ 5: 4@EEFC2 AF[ 6DD6C6 >@5:7:42E@ :? BF2=F?BF6
>@>6?E@
1;)<<1>)B176- ,-44) B76) ,1
+7<<=:)
+7:@C2C6 := A2??6==@ 7:?49T ?@? 4@>A2C6 =@ 2= =:G6==@ 5: A@E6?K2 D: AF[ 244656C6 A:_
724:=>6?E6 2= =:G6==@ E@442?5@ 5F6 G@=E6 :=
D6?D@C6 $2 K@?2 5: 4@EEFC2 D: 5:D2EE:G2 6 5@A@ 4:C42 D64@?5:
4@>A2C6 =:?5:42E@C6 5: 42=@C6 C6D:5F@
$)*-44)
$2 E236==2 C:A@CE2E2 5: D68F:E@ 7@C?:D46 2=4F?: 6D6>A:
! E6>A: 5: 4@EEFC2 5:A6?5@?@ 52= E:A@ 5: 2=:>6?E@ 52=
A6D@ ?@?49T 52==2 BF2=:EN 56= 4:3@
(6CE2?E@ D@?@
A@DD:3:=: G2C:2K:@?:
,%+ +1
)& &++,)
)& ,)+ ##
&++,) &++,) ,&&
,&& #%+& #%+&
&%)
/5))52':' -2'99' (;885 3/+2+
+2':/4'
)54,+@/54+
O
O
O
O
O
O
*#)
$+8*;8+ /4 ('8'::525
85*5
&;66'
'::+
-O32O
2
32O
2
32O32
O3/4
O3/4
O3/4
O3/4
O
O
O
O
O3/4
O3/4
O3/4
O3/4
*#) $%+%) # #&
/4+9:854+ 6+8 +9+36/5
3/4+9:854+ */ 2+4:/))./+
'::+
-O32O
2
O3/4
O3/4
O
O
&%#) ) *#)
!6/4')/ 9;8-+2':/
;2'9). 9;8-+2':5
-O-O
1-
O3/4
O3/4
O
O
O
3/4
O3/4
+,)
'4+*+82/ -45))./
O2*')7;'
+9)+
O658@/54/
-O-
O
3/4
O3/4
O
O
O3/4
O
3/4
,&)
/95 )54 *566/' 7;'4:/:A *')7;'
/95 '2 2'::+ 32O
2*/ 2'::+
':':+ 2+99+ )54 2' (;))/' )54
O :'@@+ *')7;'
':':+ 2+99':+ /4 ')7;' 9'2':' )54
O :'@@+ *')7;'
$+8*;8+ ,8+9).+ )54 O :'@@+
*')7;'
'9:' O2 *')7;'
)*)
4<52:/4/
!:;,':5
;2'9).
,%+ +1
)& &++,)
)& ,)+ ##
&++,) &++,) ,&&
,&& #%+& #%+&
-O
-O-
O3/4
O3/4
O
O
O3/4
O3/4
-O
1-
O3/4
O
O3/4
-O
1-
O3/4
O
O3/4
-O
1-O-
O3/4
O
3/4
O
O
O3/4
O
3/4
658@/54/
1-
O3/4
O3/4
O
3/4
O
O
O
O3/4
O
3/4
O3/4
O3/4
O
O 658@/54/
O658@/54/
658@/54/
O3/4
O3/4
O3/4
O
O
O
,8/--+8+
-8'*;'23+4:+
O
3/4
O
3/4
O
3/4
- 6+8 5-4/
8/6/+45
- 6+8 5-4/
8/6/+45
O
3/4
O
O
3/4
O
) )
8/::':'9)./'))/':'
5:52+::' /36'4':'
/9:+))'
'9:54)/4/ */ 6+9)+
) ) /4 O2 */ 52/5
85*5::/ 9;8-+2':/
2:85
,8/--+8+
-8'*;'23+4:+
,8/--+8+
-8'*;'23+4:+
5::;8' 9+4@' )56+8)./5
76;1/41 8-:
:1;8):51):- -6-:/1)
15-6;1761 )88:78:1)<- 8-:
4- 8-6<74-
-E:=:KK2C6 A6?E@=6 6 E682>: 4@? 7@?5@ A:2?@ 6 DA6DD@
+6 := 7@?5@ ?@? S A:2?@ : E6>A: 5: 4@EEFC2 2F>6?E2?@
(6C @8?: K@?2 5: 4@EEFC2 S ?646DD2C:@ FD2C6 A6?E@=6
52==6 5:>6?D:@?: 2AAC@AC:2E6
!= 5:2>6EC@ 56: 7@?5:
56==6 A6?E@=6 6 56: E682>: 56G6 4@CC:DA@?56C6 2==6
5:>6?D:@?: 56==2 K@?2 5: 4@EEFC2 :? BF6DE:@?6
EE6?K:@?6 ! 4@DECFEE@C: 56==6 DE@G:8=:6 :?5:42?@ DA6DD@
:= 5:2>6EC@ DFA6C:@C6 56==2 A6?E@=2 := BF2=6 S 5: D@=:E@
>288:@C6 C:DA6EE@ 2= 5:2>6EC@ 56= 7@?5@ 56==2 A6?E@=2
78:1:- +76 =6 +78-:+017
=7+-:- +76 87+) )+9=)
"1,=::- 14 /:),7 ,1 +7<<=:)
(6C A:44@=6 BF2?E:EN 5: 4:3@ D: 4@?D:8=:2 5: FE:=:KK2C6
A6?E@=6 5: A:44@=6 5:>6?D:@?:
-?2 A6?E@=2 8C2?56 6
4@? A@4@ 4@?E6?FE@ 4@>A@CE2 F? 6=6G2E@ 4@?DF>@
56?6C8:2
@AC:C6 D6>AC6 =6 A6?E@=6 4@? F? 4@A6C49:@ 252EE@
+6 D: 4F4:?2 D6?K2 FE:=:KK2C6 := 4@A6C49:@ D: ?646DD:E2
5: F?2 BF2?E:EN 5: 6?6C8:2 BF2EEC@ G@=E6 DFA6C:@C6 2
BF6==2 ?646DD2C:2 A6C =2 4@EEFC2 4@? 4@A6C49:@
+: 4@?D:8=:2 5: 4F@46C6 4@? A@42 24BF2
!? BF6DE@
>@5@ D: C:DA2C>:2 6?6C8:2
!?@=EC6 =6 G6C5FC6
4@?D6CG2?@ := AC@AC:@ 4@?E6?FE@ 5: G:E2>:?6 6 >:?6C2=:
= >@>6?E@ @AA@CEF?@ A2DD2C6 2 F? 8C25@ 5: 4@EEFC2
A:_ 32DD@
:-:1;+)4,)5-6<7 :)81,7
)F6DE2 7F?K:@?6 AF[ 6DD6C6 FD2E2 BF2?5@ D: 56D:56C2
C288:F?86C6 C2A:52>6?E6 =2 E6>A6C2EFC2 >2DD:>2
A6C A@: A2DD2C6 25 F?2 E6>A6C2EFC2 5: >2?E6?:>6?E@
:? >@5@ 2FE@>2E:4@
:7/:)55):- +7516,1+)<7 ,1 ;-/=1<7
;-5817;1 ,-;1,-:) =;):14 41>-447 ,1 87<-6B) +75<-58-:)<=:) ,1
5)6<-615-6<7
,FEE6 =6 K@?6 5: 4@EEFC2 D@?@ 5@E2E6 5: BF6DE2
7F?K:@?6
(C@4656C6 4@>6 :?5:42E@ 5: D68F:E@
+6=6K:@?2C6 =2 K@?2 5: 4@EEFC2 6 := =:G6==@ 5: A@E6?K2
56D:56C2E: A6C 6D6>A:@ ,@442C6 : D:>3@=: 6 4@?E6>A@C2?62>6?E6
&6==:?5:42E@C6 D: :==F>:?6C2??@ 2=E6C?2?5@D: 6 :=
=:G6==@ 5: A@E6?K2 A6C 6D6>A:@ !? BF6DE@ >@5@
=2 7F?K:@?6 S 2EE:G2E2
$2 K@?2 4@EEFC2 7F?K:@?2
256DD@ 2= =:G6==@ 5: A@E6?K2 >2DD:>@
-?2 G@=E2 EC2D4@CD@ F? 56E6C>:?2E@ A6C:@5@ 5:
E6>A@ =2 A@E6?K2 E@C?2 2= =:G6==@ :?:K:2=6 A6C
6D6>A:@ != AC6C:D42=52>6?E@ C2A:5@ D: D2CN
5:D2EE:G2E@
151<)B176- <-587 )=<75)<1+)
+6 F?2 K@?2 5: 4@EEFC2 C6DE2 :? 7F?K:@?6 2 =F?8@ D6?K2
DF3:C6 2=4F?2 >@5:7:42 :? E6C>:?: 5: C68@=2K:@?6 D:
2EE:G2 =2 =:>:E2K:@?6 E6>A@ 2FE@>2E:42
!= C:D42=52>6?E@ 56==2 K@?2 5: 4@EEFC2 D: :?E6CC@>A6
+F= 5:DA=2J 56==6 K@?6 5: 4@EEFC2 =2>A688:2?@ 2=E6C?2c
E:G2>6?E6 6 +6 D: D7:@C2 F? A2??6==@ 5: 4@>2?5@ 2 A:246C6 := 5:Dc
A=2J D: DA68?6
A@DD:3:=6 6776EEF2C6 F?2 ?F@G2
:>A@DE2K:@?6
!= >@>6?E@ 5: 2EE:G2K:@?6 56= D:DE6>2 5: =:>:E2K:@?6
E6>A@ 5:A6?56 52= 8C25@ 5: 4@EEFC2 :>A@DE2E@
522 @C6
1;)<<1>)B176- ,-4 ;1;<-5) ,1 +76.-:5)
,-1 ,)<1 155-;;1
)F2?5@ D: 2K:@?2 F? 42>A@ G:6?6 6>6DD@ F? 3C6G6
D68?2=6 24FDE:4@ 2 4@?76C>2 56==@A6C2K:@?6
)F6DE2
7F?K:@?6 AF[ 6DD6C6 5:D2EE:G2E2
EE:G2C6 := A:2?@ 5: 4@EEFC2 >65:2?E6 =:?E6CCFEE@C6
AC:?4:A2=6
!>A@DE2C6 =6 K@?6 5: 4@EEFC2 DF= 8C25@ :D2EE:G2C6 :? DF446DD:@?6 =6 K@?6 5: 4@EEFC2
AC@4656?5@ 52 56DEC2 G6CD@ D:?:DEC2
,6?6C6 AC6>FE@ =:?E6CCFEE@C6 AC:?4:A2=6 A6C 2=>6?@
D64@?5: 7:?49T ?@? C:DF@?6CN F? D68?2=6 5:
4@?76C>2
A@DD:3:=6 2EE:G2C6 ?F@G2>6?E6 =2 4@?76C>2 5:
:>>:DD:@?6 52E:
BF6DE@ D4@A@ AC@4656C6
D68F6?5@ =6 >656D:>6 :?5:42K:@?: 7@C?:E6 A6C =2
5:D2EE:G2K:@?6
=:) - 5)6=<-6B176&@? FE:=:KK2C6 >2: 56E6C86?E: 25 2=E2 AC6DD:@?6 @
5:DA@D:E:G: 2 86EE@ 5: G2A@C6
)6=<-6B176-
(6C =2 4FC2 56= A:2?@ 5: 4@EEFC2 D: 4@?D:8=:2 =:>A:68@ 5:
F? 56E6C86?E6 6 5: F? 286?E6 AC@E6EE:G@ 252EE: 2=
G6EC@46C2>:42
,2=: AC@5@EE: C:4@AC@?@ =2 DFA6C7:4:6 5:
4@EEFC2 4@? F?2 A6==:4@=2 =F46?E6 6 C6D:DE6?E6 2==@
DA@C4@
!? BF6DE@ >@5@ := A:2?@ 5: 4@EEFC2 C:>2CCN 2
=F?8@ :? 3F@?6 4@?5:K:@?: 6 D2CN A:_ 724:=6 AF=:C=@
=41B1) ,-44;=8-:.1+1 16
>-<:7+-:)51+)
(F=:C6 := A:2?@ 5: 4@EEFC2 5@A@ @8?: FE:=:KK@ 6G:E2?5@
496 : C6D:5F: 5: 4@EEFC2 D: :?5FC:D42?@
-E:=:KK2C6 6D4=FD:G2>6?E6 56E6C86?E: 252EE: 2=
G6EC@46C2>:42 BF2=: * $& 46C2c7:I 6 +:5@=
-<-:/-6<-
$6 >2449:6 524BF2 A@DD@?@ 6DD6C6 6=:>:?2E6
FD2?5@ =:>@?6 @ 246E@
-<-:/-6<1 676 )88:78:1)<1
&@? FE:=:KK2C6 >2: : D68F6?E: AC@5@EE:
DAF8?6 CFG:56 23C2D:G: @ 56E6C86?E: 288C6DD:G: BF2=:
DAC2J A6C := 7@C?@ 6 D>2449:2E@C:
");+01-<<7 8-: >-<:7
!? 42D@ 5: 7@CE6 :>3C2EE2>6?E@ D: 4@?D:8=:2 5: FE:=:KK2C6
F? C2D49:6EE@ A6C G6EC@
,@8=:6C6 =2 D:4FC2 2= C2D49:6EE@ A6C G6EC@
(6C AF=:C6 =2 DFA6C7:4:6 :? G6EC@46C2>:42 D:
C244@>2?52 5: FE:=:KK2C6 D@=@ =2 =2>2
$:?G@=F4C@ A@EC6336 8C277:2C6 =2 DFA6C7:4:6 :?
G6EC@46C2>:42
$2 =2>2 S >@=E@ 277:=2E2
(6C:4@=@ 5: =6D:@?: *:>6EE6C6
=2 D:4FC2 2==2 =2>2 5@A@ @8?: FE:=:KK@
+@DE:EF:C6 :>>65:2E2>6?E6 =6 =2>6 52??688:2E6
=41B1) ,-44) ;=8-:.1+1- ,1
+7<<=:) 16 >-<:7+-:)51+)
=:>:?2C6 : C6D:5F: 5: 4:3@ 6 5: 8C2DD@ D6CG6?5@D: 56=
C2D49:6EE@ A6C G6EC@
(F=:C6 =2 DFA6C7:4:6 E:6A:52 4@? 56E6C86?E6 6 42CE2 52
4F4:?2
+6 =2 DFA6C7:4:6 5: 4@EEFC2 S 2?4@C2 EC@AA@
42=52 A@DD@?@ 4@>A2C:C6 56==6 >2449:6
$2G2C6 =2 DFA6C7:4:6 6 2D4:F82C=2 4@? F? A2??@
>@C3:5@
#+747:15-6<1 ) 1:1,-;+-6B)
5-<)441+)
=: D4@=@C:>6?E: D@?@ AC@G@42E: 52==FD@ 5: 56E6C86?E:
?@? 2AAC@AC:2E: @ 52==@ D7C682>6?E@ 56==6 A6?E@=6
DE6DD6 6 D@?@ 5:77:4:=>6?E6 C:>@G:3:=:
-E:=:KK2C6
+E29=c:I @ +:5@=
!= ?@DEC@ D6CG:K:@ 5: 2DD:DE6?K2
E64?:42 6=:>:?2 BF6DE: D4@=@C:>6?E: 2 A282>6?E@
)66-441 +75)6,1
,6?6C6 BF6DE6 K@?6 D6>AC6 AF=:E6 6 2D4:FEE6
$2
AC6D6?K2 5: C6D:5F: AF[ 4@>AC@>6EE6C?6 := 4@CC6EE@
7F?K:@?2>6?E@
=41B1) ,-44) +7:61+,-4 81)67 ,1 +7<<=:)
-E:=:KK2C6 D@=E2?E@ D@=FK:@?6 2=42=:?2 5: =2G288:@
E:6A:52
&@? FD2C6 AC@5@EE: 4@CC@D:G: @ 23C2D:G:
!= C2D49:6EE@ A6C
G6EC@ ?@? S 252EE@
$2 4@C?:46 56= A:2?@ 5: 4@EEFC2
A@EC6336 G6?:C6 52??688:2E2
$:>@?6 6 246E@ ?@? D@?@ 252EE: 2==2 AF=:K:2 56==2
4@C?:46 56= A:2?@ 5: 4@EEFC2 A6C49T A@EC6336C@
42FD2C6 =2 7@C>2K:@?6 5: K@?6 @A2496
7587:<)5-6<7 16 +);7 ,1 )675)41)
$6 2?@>2=:6 DA6DD@ D@?@ 724:=>6?E6 C:D@=F3:=:
(C:>2
5: 4@?E2EE2C6 := D6CG:K:@ 5: 2DD:DE6?K2 E64?:42 D:
4@?D:8=:2 A6CE2?E@ 5: AC6DE2C6 2EE6?K:@?6 2==6 D68F6?E:
2GG6CE6?K6
4 81)67 ,1 +7<<=:) 676
.=6B176)
.6C:7:42C6 496 =2AA2C6449:@ D:2 D@EE@ 4@CC6?E6
@?EC@==2C6 496 := 7FD:3:=6 @ =:?E6CCFEE@C6 !
56==:>A:2?E@ 6=6EEC:4@ D:2 D42EE2E@
#= <=<<1 1 ,1;84)A ,-44- B76,1 +7<<=:) 4)58-//1) :1;=76) 1674<:- =6 ;-/6)4)+=;<1+7
$2 DFA6C7:4:6 5: 4@>2?5@ T >@=E@ DA@C42 8=: 2=:>6?E:
D@?@ EC23@442E: @AAFC6 4S F? @886EE@ DF==2 DFA6C7:4:6
5: =2G@C@
(F=:C6 244FC2E2>6?E6 =2 DFA6C7:4:6 5:
4@>2?5@ @ C:>F@G6C6 =@886EE@ 52==2 DFA6C7:4:6 5:
=2G@C@
K:@?2C6 =2 DFA6C7:4:6 5: 4@>2?5@
4@CC:DA@?56?E6
$2 G:DF2=:KK2K:@?6 46DD2 5:
=2>A688:2C6
4 81)67 ,1 +7<<=:) ;1 L
,1;)<<1>)<7
$:?E6CCFEE@C6 AC:?4:A2=6 S DE2E@ 2K:@?2E@
244:56?E2=>6?E6
776EEF2C6 ?F@G2>6?E6 =2EE:G2K:@?6
776EEF2C6 ?F@G2>6?E6 =2 C68@=2K:@?6
4 575-6<7
,-44)<<1>)B176- ,-4 81)67 ,1
+7<<=:) ;+)<<) 14 .=;1*14- ,1
:-<-
446CE2CD: 496 =2 A@E6?K2 2DD@C3:E2 52 EFEE: 8=:
2AA2C6449: :? 7F?K:@?6 ?@? D:2 DFA6C:@C6 2= G2=@C6
>2DD:>@ 56= AC@AC:@ :>A:2?E@ 5@>6DE:4@
@?EC@==2C6
496 := 7FD:3:=6 D42EE: 2?496 BF2?5@ D: 2446?56 F?2=EC2
K@?2 5: 4@EEFC2
"18):)B1761
- :18):)B1761 ,->767 -;;-:- -..-<<=)<-;+4=;1>)5-6<- ,)4 8-:;76)4- ;8-+1)41BB)<7 ,-4
;-:>1B17 ,1 );;1;<-6B) <-+61+)
1;84)A - 6=5-:1
&1;=)41BB)B176- ,1 6=5-:1
!? 42D@ 5: C:A2C2K:@?: 6776EEF2E6 :? >@5@ ?@? 4@CC6EE@
A@DD@?@ :?D@C86C6 D:EF2K:@?: 5: A6C:4@=@ A6C =FE6?E6
+6 DF= 5:DA=2J G6?8@?@ G:DF2=:KK2E: 6 56: ?F>6C: D:
S G6C:7:42E2 F?2?@>2=:2 2 =:G6==@ 56= D:DE6>2
6=6EEC@?:4@
+E2442C6 =2AA2C6449:@ 52==2 C6E6 6=6EEC:42
BF:?5: 4@==682C=@ ?F@G2>6?E6
+6 := 5:DA=2J D: :==F>:?2
?F@G2>6?E6 C:G@=86CD: 2= D6CG:K:@ 5: 2DD:DE6?K2
E64?:42
+6 DF= 5:DA=2J D: 2=E6C?2?@ F?2 6 F?2 4:7C2
=2AA2C6449:@ :?5:42 =2 AC6D6?K2 5: F?2?@>2=:2
$2
D68F6?E6 E236==2 C:A@CE2 =6 >:DFC6 ?646DD2C:6 2: 7:?:
56==2 C:D@=FK:@?6 56: AC@3=6>: :?D@CE:
% 0 &%
,*+&
*,)
!;2 6/'45 */ )5::;8' 9/ G
<+8/,/)':5 ;4 +8858+
/4:+845
!:'))'8+ /2 6/'45 */ )5::;8' *'22' 8+:+ */ '2/3+4:'@/54+
::+4*+8+ '2);4/ 9+)54*/ + 8/)522+-'825 '22' 8+:+
!+ 2' </9;'2/@@'@/54+ *+2 */962'? G 8/3'9:' /33;:':'
)54:'::'8+ /2 9+8</@/5 */ '99/9:+4@' :+)4/)'
2 6/'45 */ )5::;8' G
9;88/9)'2*':5 + 9/ G
*/9'::/<':5
/:/8'8+ /2 8+)/6/+4:+ *'22+ @54+ )5::;8' '4:+8/58/ 9/
96+-4+ 7;'4*5 9/ '@/54' 2' 9;6+8,/)/+ */ )53'4*5 454
'66+4' /2 6/'45 */ )5::;8' 9/ 9/' 8',,8+**':5
9;,,/)/+4:+3+4:+
2 6/'45 */ )5::;8' G
9;88/9)'2*':5 + 9/ G
*/9'::/<':5
54:8522'8+ 9+ 9;2 6'44+225 */ )53'4*5 </ 9/'45 )54:+4/:58/
)'2*/ /3;5<+8+ / )54:+4/:58/ *'2 6'44+225 */ )53'4*5
::+4*+8+ '2);4/ 3/4;:/ ,/4).H /2 6'44+225 */ )53'4*5 454
9/ 9/' /4 6'8:+ 8',,8+**':5 !+ *565 2'::/<'@/54+ </+4+
4;5<'3+4:+ </9;'2/@@':5 8/<52-+89/ '2 9+8</@/5 */
'99/9:+4@' :+)4/)'
' @54' */ )5::;8' H 9:':'
;:/2/@@':' :85665 ' 2;4-5
9+4@' /4:+88;@/54/ ' ;4
2/<+225 */ 65:+4@' +2+<':5
2 9/9:+3' */ */9'::/<'@/54+ :+3658'2+ ';:53':/)' 9/ H
'::/<':5
+8 65:+8 6859+-;/8+ 2' )5::;8' 68+3+8+ ;4 :'9:5 '
6/')+8+
2 6/'45 */ )5::;8' 454 H
)522+-':5 )588+::'3+4:+
!:'))'8+ /2 6/'45 */ )5::;8' *'22' 8+:+ */ '2/3+4:'@/54+
549;2:'8+ /2 6/'45 *+/ )522+-'3+4:/ + 8/6+:+8+
2'22'))/'3+4:5 /4 35*5 )588+::5
!+ 2' </9;'2/@@'@/54+ *+2 */962'? G 8/3'9:' /33;:':'
)54:'::'8+ /2 9+8</@/5 */ '99/9:+4@' :+)4/)'
5*)44)//17 - )88):-++017 ,1;5-;;7
#5)4<15-6<7 +76.7:5-)4467:5)<1>- 8-: 4) <=<-4)
)5*1-6<)4-
:D:>32==2C6 =2AA2C6449:@ 6 AC@GG656C6 2 D>2=E:C6
=:>32==288:@ 4@?7@C>6>6?E6 2==6 ?@C>2E:G6 G:86?E: :?
>2E6C:2 5: EFE6=2 2>3:6?E2=6
)F6DE@ 2AA2C6449:@ 5:DA@?6 5: 4@?EC2DD68?@ 2: D6?D:
56==2 5:C6EE:G2 6FC@A62 :? >2E6C:2 5:
2AA2C6449: 6=6EEC:4: 65 6=6EEC@?:4: H2DE6 6=64EC:42= 2?5
6=64EC@?:4 6BF:A>6?E c /
)F6DE2 5:C6EE:G2 567:?:D46 =6 ?@C>6 A6C =2 C244@=E2 6 :=
C:4:4=288:@ 568=: 2AA2C6449: 5:D>6DD: G2=:56 DF EFEE@ :=
E6CC:E@C:@ 56==-?:@?6 FC@A62
#-:>1B17 ,1 );;1;<-6B) <-+61+)
)F2=@C2 =2AA2C6449:@ ?646DD:E: 5: C:A2C2K:@?: S
A@DD:3:=6 C:G@=86CD: 2= ?@DEC@ D6CG:K:@ 5: 2DD:DE6?K2
E64?:42
$:?5:C:KK@ 6 := ?F>6C@ E6=67@?:4@ 56= 46?EC@ 5:
2DD:DE6?K2 E64?:4@ A:_ G:4:?@ D@?@ C:A@CE2E: ?6==2 8F:52
E6=67@?:42
?496 : 46?EC: 5: 2DD:DE6?K2 4:E2E: D@?@
5:DA@?:3:=: 2 7@C?:C6 :?7@C>2K:@?: 4:C42 := AF?E@ 5:
2DD:DE6?K2 A:_ G:4:?@
#1/4) ,-4 8:7,7<<7 6=5-:7 &6= 42D@ :? 4F: 4: D: C:G@=82 2= ?@DEC@ D6CG:K:@ 5:
2DD:DE6?K2 E64?:42 D: C244@>2?52 5: :?5:42C6 =2 D:8=2
56= AC@5@EE@ 6 := ?F>6C@ 56==2AA2C6449:@
$6E:496EE2 56==6 42C2EE6C:DE:496 S 2AA=:42E2 ?6==2 A2CE6
:?76C:@C6 56= A:2?@ 4@EEFC2 6 D: EC@G2 :? BF6DE@ >2?F2=6
5FD@
DE http://www.bosch-hausgeraete.de
GB http://www.boschappliances.co.uk
FR http://www.bosch-electromenager.com
NL http://www.bosch-huishoudelijke-apparaten.nl
FI http://www.bosch-kodinkoneet.com
DK http://www.bosch-hvidevarer.com
ES http://www.bosch-ed.com
PT http://www.bosch.pt
BE http://www.electro.bosch.be
AU http://www.bosch.com.au
AT http://www.bosch-hausgeraete.at
BR http://www.boschelectrodomesticos.com.br
GR http://www.bosch-home.gr
US http://www.boschappliances.com
9000055009 (1W02DR) 01 8503