240024-CONTRACT - COMMUNITY ALLIANCE CONSULTING.PDF
Extracted text (via pymupdf)
81039 characters
-<=G 7CBHF57H =G 9BH9F98 =BHC H<=G H< 85M C: 96FI5FM
6M 5B8 69HK99B &5F=7CD5 CIBHM
CIBHM 5DC@=H=75@GI68=J=G=CBC:H<9,H5H9C:F=NCB5 5B8CAAIB=HM@@=5B79CBGI@H=B; %% 5@CF=85
7CFDCF5H=CB CBHF57HCF :CF H<9 DIF7<5G9 C: J5F=CIG 7CBGI@H5BHGU G9FJ=79G :CF &5F=7CD5 CIBHM
9D5FHA9BHG
('-+--+&
-<=G7CBHF57H=G:CF5H9FAC:HKCM95FG 69;=BB=B;CBH<985MC:&5F7<
5B89B8=B;
H<985MC:96FI5FM
()-"('-(+'0
-<9CIBHMA5M 5H=HGCDH=CB5B8K=H<H<97CB7IFF9B79C:H<9CBHF57HCF F9B9KH<9H9FAC:H<=G
7CBHF57HIDHC5A5L=AIAC::CIF588=H=CB5@M95FG CF5HH<9CIBHMUGGC@98=G7F9H=CB 9LH9B8H<9
7CBHF57HCB5ACBH<
HC
ACBH<65G=G:CF5A5L=AIAC:G=LACBH<G5:H9F9LD=F5H=CB-<9CBHF57HCF
G<5@@69BCH=:=98=BKF=H=B;6MH<9(::=79C:)FC7IF9A9BH,9FJ=79GC:H<9CIBHMUG=BH9BH=CBHCF9B9K
H<97CBHF57HH9FA5H@95GH
75@9B85F85MGDF=CFHCH<99LD=F5H=CBC:H<9CF=;=B5@7CBHF57HH9FA
('-+-(&)%-"('
"B DF9D5F5H=CB :CF 7CBHF57H 7CAD@9H=CB H<9 CBHF57HCF G<5@@ A5?9 5@@ F95GCB56@9 9::CFHG :CF 5B
CF89F@MHF5BG=H=CBC:=HG8IH=9G5B8F9GDCBG=6=@=H=9GHC5BCH<9FDFCJ=89F5B8CFHCH<9CIBHM-<=G
A5M=B7@I89 6IH=GBCH@=A=H98HC DF9D5F5H=CBC:5HF5BG=H=CBD@5B5B87CCD9F5H=CBK=H<H<9CIBHM
CFCH<9FDFCJ=89FG=BH<9HF5BG=H=CB-<9HF5BG=H=CB=B7@I89GH<9HF5BG:9FC:5@@F97CF8G5B8CH<9F85H5
=BH<9DCGG9GG=CB 7IGHC8M CF7CBHFC@C:H<9CBHF57HCFH<5H5F9F9EI=F98HC69DFCJ=898HCH<9
CIBHM9=H<9F6MH<9H9FAGC:H<=G5;F99A9BHCF5G5A5HH9FC:@5K-<9DFCJ=G=CBGC:H<=G7@5IG9
G<5@@GIFJ=J9H<99LD=F5H=CBCFH9FA=B5H=CBC:H<=G5;F99A9BH
)+"#.,-&'-,
BM F9EI9GHG :CF F95GCB56@9 DF=79 58>IGHA9BHG AIGH 69 GI6A=HH98
75@9B85F 85MG DF=CF HC
7CBHF57H9LD=F5H=CB+9EI9GHG:CF58>IGHA9BH=B7CGHC:@56CF5B8CFA5H9F=5@GAIGH69GIDDCFH98
6M5DDFCDF=5H98C7IA9BH5H=CB-<9F95GCB56@9B9GGC:H<9F9EI9GHK=@@6989H9FA=B986M7CAD5F=B;
H<9F9EI9GHK=H<H<9CBGIA9F)F=79"B89LCF6MD9F:CFA=B;5A5F?9HGIFJ9M":CIBHM5;F99GHC
H<958>IGH98DF=79H9FAG CIBHMG<5@@=GGI9KF=HH9B5DDFCJ5@C:H<97<5B;95B8DFCJ=895BID85H98
J9FG=CB C: H<9 7CBHF57H -<9 B9K 7<5B;9 G<5@@ BCH 69 =B 9::97HIBH=@ H<9 85H9 GH=DI@5H98 CB H<9
ID85H98J9FG=CBC:H<97CBHF57H
)2&'-,
G 7CBG=89F5H=CB :CF D9F:CFA5B79 C: H<9 8IH=9G 89G7F=698 <9F9=B CIBHM G<5@@ D5M
CBHF57HCFH<9GIAGGH5H98=BL<=6=H
99,7<98I@9
)5MA9BHG<5@@69A589IDCBH<9CIBHMUGF979=DHC:5DFCD9F@M7CAD@9H98=BJC=79
"'/(",
-<9 CBHF57HCF G<5@@ GI6A=H CB9 @9;=6@9 7CDM C: H<9=F 89H5=@98 =BJC=79 69:CF9
D5MA9BHGK=@@69A589"B7CAD@9H9=BJC=79GK=@@BCH69DFC79GG98H5A=B=AIA
H<9=BJC=79AIGHDFCJ=89H<9:C@@CK=B;=B:CFA5H=CB
P
CAD5BMB5A9 588F9GG 5B87CBH57H=B:CFA5H=CB
P
CIBHM6=@@
HCB5A95B87CBH57H=B:CFA5H=CB
P
CBHF57HG9F=5@BIA69F
P
CIBHMDIF7<5G9CF89FBIA69F
P
)FC>97HB5A95B8CFBIA69F
P
"BJC=79BIA69F5B885H9
P
)5MA9BHH9FAG
P
5H9C:G9FJ=79CF89@=J9FM
P
*I5BH=HM
P
CBHF57H=H9ABIA69FG
P
FF=J5@5B87CAD@9H=CBH=A9
P
9G7F=DH=CBC:DIF7<5G9DFC8I7HCFG9FJ=79G
P
)F=7=B;D9FIB=HC:DIF7<5G9
P
LH9B898DF=79
P
F9=;<H=:5DD@=756@9
P
&=@95;9K=H<F5H9=:5DD@=756@9
P
-CH5@5ACIBH8I9
%56CF G9FJ=79G 5B8A5=BH9B5B79AIGH696=@@985G5G9D5F5H9@=B9=H9A
)FC6@9AGF9;5F8=B;6=@@=B;CF=BJC=7=B;G<5@@698=F97H98HCH<989D5FHA9BH5G@=GH98
CBH<9DIF7<5G9CF89F
)5MA9BHG<5@@CB@M69A589HCH<9CBHF57HCF6M77CIBHG)5M56@9H<FCI;<H<9
&5F=7CD5CIBHM/9B8CFLDF9GG)5MA9BH)FC;F5A-<=G=G5B9@97HFCB=7:IB8G
HF5BG:9F-DFC79GG:H9F7CBHF57H5K5F8 H<9CBHF57HCFG<5@@7CAD@9H9H<9
/9B8CF +9;=GHF5H=CB CFA 5779GG=6@9 :FCA H<9 CIBHM 9D5FHA9BH C: =B5B79
/9B8CF
+9;=GHF5H=CB
096
,=H9
<HHDGKKKA5F=7CD5;CJ/9B8CF
"B:CFA5H=CB
=G7CIBHGC::9F98=BH<97CBHF57HG<5@@6975@7I@5H9865G98CBH<985H95DFCD9F@M
7CAD@9H98=BJC=79=GF979=J986MH<9CIBHM
-D5MA9BHGHCH<9FCIH=B;5B8577CIBHBIA69FG89G=;B5H986MH<9CBHF57HCF
G<5@@ =B7@I89 H<9 89H5=@G CB H<9 GD97=:=7 =BJC=79G H<5H H<9 D5MA9BH 7CJ9FG -<9
CBHF57HCF =G F9EI=F98 HC 8=G7IGG F9A=HH5B79 89@=J9FM 75D56=@=H=9G K=H< H<9=F
89G=;B5H98:=B5B7=5@=BGH=HIH=CB:CF5779GGHCH<CG989H5=@G
))%"%-1,
"H=GH<9F9GDCBG=6=@=HMC:H<9CBHF57HCFHC89H9FA=B95BM5B85@@5DD@=756@9H5L9G
5B8=B7@I89H<CG9H5L9G=BH<9=FDFCDCG5@-<9@9;5@@=56=@=HMHCF9A=HH<9H5L=GCB
H<9 9BH=HM 7CB8I7H=B; 6IG=B9GG =B F=NCB5 -5L =G BCH 5 89H9FA=B=B; :57HCF =B
7CBHF57H5K5F8
-<9CIBHMK=@@@CC?5HH<9DF=79CFC::9FGI6A=HH985B8K=@@BCH898I7H 588 CF5@H9F
DF=7=B; 65G98 CB GD97I@5H=CB CF 5DD@=75H=CB C: 5BM H5L9G BCF K=@@ H<9 CIBHM
DFCJ=89CBHF57HCF5BM58J=79CF;I=85B79F9;5F8=B;H5L9G":MCI<5J9EI9GH=CBG
F9;5F8=B;MCIFH5L@=56=@=HM G99?58J=79:FCA5H5LDFC:9GG=CB5@DF=CFHCGI6A=HH=B;
MCIF6=82CIA5M5@GC:=B8=B:CFA5H=CB5H<HHDGKKK5N8CF;CJIG=B9GG5GDL
(B79MCIF6=8=GGI6A=HH98 H<9C::9F=GJ5@=8:CFH<9H=A9GD97=:=98=BH<=GGC@=7=H5H=CB
F9;5F8@9GGC:A=GH5?9CFCA=GG=CBC:H5L@=56=@=HM":H<9CIBHM:=B8GCJ9FD5MA9BH
C:5DFC>97H8I9HCH5L7CBG=89F5H=CBH<5HK5GBCH8I9 H<9CBHF57HCFK=@@69@=56@9
HCH<9CIBHM:CFH<5H5ACIBH 5B86M7CBHF57H=B;K=H<H<9CIBHM5;F99GHCF9A=H
5BMCJ9FD5MA9BHG657?HCH<9CIBHM:CFA=G75@7I@5H=CBGCBH5L9G=B7@I898=B5
6=8DF=79
-5L"B89AB=:=75H=CBCBHF57HCF5B85@@GI67CBHF57HCFGG<5@@D5M5@@989F5@ ,H5H9
5B8@C75@H5L9G5DD@=756@9HCH<9=FCD9F5H=CB5B85BMD9FGCBG9AD@CM986MH<9
CBHF57HCF CBHF57HCF G<5@@ 5B8 F9EI=F9 5@@ GI67CBHF57HCFG HC <C@8 &5F=7CD5
CIBHM <5FA@9GG :FCA 5BM F9GDCBG=6=@=HM :CF H5L9G 85A5;9G 5B8 =BH9F9GH =:
5DD@=756@9 7CBHF=6IH=CBGF9EI=F98IB89F989F5@5B8CF,H5H95B8@C75@@5KG5B8
F9;I@5H=CBG 5B8 5BM CH<9F 7CGHG =B7@I8=B; HF5BG57H=CB DF=J=@9;9 H5L9G
IB9AD@CMA9BH
7CAD9BG5H=CB
=BGIF5B79
,C7=5@
,97IF=HM
5B8
KCF?9FGU
7CAD9BG5H=CB CBHF57HCF A5M 69 F9EI=F98 HC 9GH56@=G< HC H<9 G5H=G:57H=CB C:
CIBHM H<5H5BM5B85@@:99G5B8H5L9G8I9HCH<9=HMCFH<9,H5H9C:F=NCB5:CF
5BM@=79BG9CFHF5BG57H=CBDF=J=@9;9H5L9G IG9H5L9G CFG=A=@5F9L7=G9H5L9G5F9
7IFF9BH@MD5=89L79DH:CFA5HH9FGIB89F@9;5@DFCH9GH
/"%"%"-2(.',
-<9DFCJ=G=CBGC:H<=G7CBHF57HF9@5H=B;HCD5MA9BH:CFG9FJ=79GG<5@@697CA99::97H=J9K<9B
:IB8G5GG=;B98:CFH<9DIFDCG9C:7CAD9BG5H=B;H<9CBHF57HCF5G<9F9=BDFCJ=8985F9
57HI5@@M5J5=@56@9HCCIBHM:CF8=G6IFG9A9BH-<9CIBHMG<5@@69H<9GC@9>I8;95B8
5IH<CF=HM=B89H9FA=B=B;H<95J5=@56=@=HMC::IB8GIB89FH<=G7CBHF57HCIBHMG<5@@?99DH<9
CBHF57HCF:I@@M=B:CFA985GHCH<95J5=@56=@=HMC::IB8G
":5BM57H=CB=GH5?9B6M 5BM,H5H95;9B7M 989F5@89D5FHA9BH CF5BMCH<9F5;9B7MCF
=BGHFIA9BH5@=HM HC GIGD9B8 897F95G9 CF H9FA=B5H9 =HG :=G75@ C6@=;5H=CBG IB89F CF =B
7CBB97H=CBK=H< H<=G7CBHF57H CIBHMA5M5A9B8 GIGD9B8 897F95G9 CFH9FA=B5H9=HG
C6@=;5H=CBGIB89F CF=B7CBB97H=CBK=H< H<=G7CBHF57H"BH<99J9BHC:H9FA=B5H=CB CIBHM
G<5@@69@=56@9:CFD5MA9BHCB@M:CFG9FJ=79GF9B89F98DF=CFHCH<99::97H=J985H9C:H<9
H9FA=B5H=CB DFCJ=898H<5HGI7<G9FJ=79G5F9D9F:CFA98=B577CF85B79K=H<H<9DFCJ=G=CBG
C:H<=G7CBHF57HCIBHMG<5@@;=J9KF=HH9BBCH=79C:H<99::97H=J985H9C:5BMGIGD9BG=CB
5A9B8A9BH CFH9FA=B5H=CBIB89FH<=GG97H=CB 5H@95GH
85MG=B58J5B79
,-+- "%%"':CF/(%.&1)'"-.+,,/
-<9CIBHM=G5A9A69FC:H<9,/7CCD9F5H=J9DIF7<5G=B;;FCID,/=B7@I89GH<9,H5H9C:
F=NCB5 A5BM)<C9B=LA9HFCDC@=H5B5F95AIB=7=D5@=H=9G 5B8A5BM$
IB=:=98G7<CC@8=GHF=7HG
.B89FH<9,/CCD9F5H=J9)IF7<5G=B;;F99A9BH 5B8K=H<H<97CB7IFF9B79C:H<9GI779GG:I@
F9GDCB89BHIB89FH<=GGC@=7=H5H=CB 5A9A69FC:,/A5M5779GG57CBHF57HF9GI@H=B;:FCA5
GC@=7=H5H=CB=GGI986MH<9CIBHM":7CBHF57HCF8C9GBCHK5BHHC;F5BHGI7<5779GGHC5A9A69FC:
,/ GH5H9GC=B7CBHF57HCFUG6=8"BH<956G9B79C:5GH5H9A9BHHCH<97CBHF5FM H<9CIBHMK=@@
5GGIA9H<5H7CBHF57HCF8C9GK=G<HC;F5BH5779GGHC5BM7CBHF57HH<5HA5MF9GI@H:FCAH<=G6=8-<9
CIBHM5GGIA9GBCF9GDCBG=6=@=HM:CF5BMDIF7<5G9G6MIG=B;9BH=H=9G
"'-+ (/+'&'-%(()+-"/).+!,"' +&'-,")G
CIBHM7IFF9BH@M<C@8G")GK=H<BIA9FCIG;CJ9FBA9BH5@9BH=H=9G-<9G95;F99A9BHG5@@CKH<CG9
9BH=H=9G K=H<H<95DDFCJ5@C:H<9CBHF57HCF HCDIF7<5G9H<9=FF9EI=F9A9BHGIB89FH<9H9FAG5B8
7CB8=H=CBGC:H<9CIBHM7CBHF57H"H=GH<9F9GDCBG=6=@=HMC:H<9BCB
CIBHM;CJ9FBA9BH9BH=HMHC
D9F:CFA=HGCKB8I98=@=;9B79CBH<95779DH56=@=HMC:H<97CBHF57HIB89F=HG5DD@=756@9DFC7IF9A9BH
FI@9G DFC79GG9G 5B8DFC798IF9G9FH5=B;CJ9FBA9BH5@5;9B7=9GA5MBCHF9EI=F95B")5B8
A5MIH=@=N9H<=G7CBHF57H=:=HA99HGH<9=F=B8=J=8I5@F9EI=F9A9BHG(H<9F;CJ9FBA9BH5@5;9B7=9GA5M
9BH9F=BHC5G9D5F5H9,H5H9A9BHC:0CF?K=H<H<9CBHF57HCFHCA99HH<9=FCKBF9EI=F9A9BHG-<9
CIBHM=GBCH5D5FHMHC5BMIG9GC:H<=G7CBHF57H6MCH<9F;CJ9FBA9BH5@9BH=H=9G
.-",
-<9CBHF57HCFG<5@@D9F:CFA5@@8IH=9GGH5H98=BL<=6=HQ,7CD9C:0CF? CF5GCH<9FK=G9
8=F97H98=BKF=H=B;6MH<9DFC7IF9A9BHC::=79F
-+&,'('"-"(',
"'&'""-"('
-CH<9:I@@9GH9LH9BHD9FA=HH986M@5K 5B8HCH<99LH9BHH<5H7@5=AG 85A5;9G
@CGG9G CF 9LD9BG9G 5F9 BCH 7CJ9F98 5B8 D5=8 6M =BGIF5B79 DIF7<5G98 6M H<9
7CBHF57HCF H<97CBHF57HCFG<5@@89:9B8 =B89AB=:M 5B8<C@8<5FA@9GGH<9CIBHM
5G(KB9F =HG5;9BHG F9DF9G9BH5H=J9G C::=79FG 8=F97HCFG C::=7=5@G 5B89AD@CM99G
:FCA5B85;5=BGH5@@7@5=AG 85A5;9G @CGG9G 5B89LD9BG9G=B7@I8=B; 6IHBCH
@=A=H98 HC 5HHCFB9MG :99G 7CIFH 7CGHG 9LD9FH K=HB9GG :99G 5B8 H<9 7CGHG 5B8
5HHCFB9MG:99G:CF5DD9@@5H9DFC7998=B;G5F=G=B;CIHC: CF5@@9;98HC<5J9F9GI@H98
:FCA H<9B9;@=;9BH57HG 9FFCFG CA=GG=CBG CFA=GH5?9GF9@5H=B;HCH<9D9F:CFA5B79
C:H<=G7CBHF57H
CBHF57HCFG8IHMHC89:9B8 =B89AB=:M 5B8<C@8<5FA@9GGH<9CIBHM =HG5;9BHG
F9DF9G9BH5H=J9G C::=79FG 8=F97HCFG C::=7=5@G 5B8 9AD@CM99G G<5@@ 5F=G9 =B
7CBB97H=CBK=H<5BM7@5=A 85A5;9 @CGG CF9LD9BG9H<5H=G5HHF=6IH56@9HC6C8=@M
=B>IFM G=7?B9GG 8=G95G9 895H< CF =B>IFM HC =AD5=FA9BH C: CF 89GHFI7H=CB C:
H5B;=6@9DFCD9FHM =B7@I8=B;@CGGC:IG9F9GI@H=B;H<9F9:FCA 75IG986MB9;@=;9BH
57HG 9FFCFG CA=GG=CBG CFA=GH5?9G=BH<9D9F:CFA5B79C:H<=G7CBHF57H 6IHCB@MHC
H<9 9LH9BH 75IG98 6M H<9 B9;@=;9BH 57HG CF CA=GG=CBG C: H<9 7CBHF57HCF 5
GI67CBHF57HCF 5BMCB9 8=F97H@M CF =B8=F97H@M 9AD@CM98 6M H<9A CF 5BMCB9 :CF
K<CG957HGH<9MA5M69@=56@9 F9;5F8@9GGC:K<9H<9FCFBCHGI7<7@5=A 85A5;9
@CGG CF9LD9BG9=G75IG98=BD5FH6M5D5FHM=B89AB=:=98<9F9IB89F
-<95ACIBH5B8HMD9C:=BGIF5B797CJ9F5;9F9EI=F9A9BHGG9H:CFH<<9F9=BK=@@=B
BCK5M697CBGHFI985G@=A=H=B;H<9G7CD9C:H<9=B89AB=HM=BH<=GG97H=CB
-<9G7CD9C:H<=G=B89AB=:=75H=CB8C9GBCH9LH9B8HCH<9GC@9B9;@=;9B79C:CIBHM
"',.+'
CBHF57HCF 5H CBHF57HCFUG CKB 9LD9BG9 G<5@@ DIF7<5G9 5B8 A5=BH5=B 5H 5
A=B=AIA H<9 <9F9=B GH=DI@5H98 =BGIF5B79 :FCA 5 7CAD5BM CF 7CAD5B=9G 8I@M
@=79BG986MH<9,H5H9C:F=NCB55B8DCGG9GG=B;5B&9GH "B775H9;CFMF5H=B;
C: "B @=9I C: ,H5H9 C: F=NCB5 @=79BG=B; H<9 GH=DI@5H98 =BGIF5B79 A5M 69
DIF7<5G98:FCA57CAD5BMCF7CAD5B=9G K<=7<5F95IH<CF=N98HC8C6IG=B9GG=B
H<9,H5H9C:F=NCB5 DFCJ=898H<5HG5=8=BGIF5B797CAD5B=9GA99HH<95DDFCJ5@C:
CIBHM -<9 :CFA C: 5BM =BGIF5B79 DC@=7=9G 5B8 :CFAG AIGH 69 5779DH56@9 HC
CIBHM
@@=BGIF5B79F9EI=F98<9F9=BG<5@@69A5=BH5=B98=B:I@@:CF795B89::97HIBH=@5@@
KCF? CF G9FJ=79 F9EI=F98 HC 69 D9F:CFA98 IB89F H<9 H9FAG C: H<9 7CBHF57H =G
G5H=G:57HCF=@M7CAD@9H985B8:CFA5@@M5779DH985=@IF9HC8CGCA5M 5HH<9GC@9
8=G7F9H=CBC:CIBHM 7CBGH=HIH95A5H9F=5@6F957<C:H<=G7CBHF57H
"B H<9 9J9BH H<5H H<9 =BGIF5B79 F9EI=F98 =G KF=HH9B CB 5 7@5=AG
A589 65G=G
CBHF57HCFK5FF5BHGH<5H5BMF9HFC57H=J985H9IB89FH<9DC@=7MG<5@@DF97989H<9
9::97H=J985H9C:H<=G7CBHF57H5B89=H<9F7CBH=BICIG7CJ9F5;9K=@@69A5=BH5=B98
CF 5B 9LH9B898 8=G7CJ9FM D9F=C8 K=@@ 69 9L9F7=G98 :CF 5 D9F=C8 C: HKC M95FG
69;=BB=B;5HH<9H=A9KCF?IB89FH<=G7CBHF57H=G7CAD@9H98
CBHF57HCFUG=BGIF5B79G<5@@69DF=A5FM=BGIF5B795GF9GD97HGCIBHM 5B85BM
=BGIF5B79CFG9@:
=BGIF5B79A5=BH5=B986MCIBHMG<5@@BCH7CBHF=6IH9HC=H
BM:5=@IF9HC7CAD@MK=H<H<97@5=AF9DCFH=B;DFCJ=G=CBGC:H<9=BGIF5B79DC@=7=9G
CF5BM6F957<C:5B=BGIF5B79DC@=7MK5FF5BHMG<5@@BCH5::97HH<9CIBHMUGF=;<HHC
7CJ9F5;95::CF898IB89FH<9=BGIF5B79DC@=7=9G
-<9=BGIF5B79DC@=7=9GA5MDFCJ=897CJ9F5;9H<5H7CBH5=BG898I7H=6@9GCFG9@:
=BGIF98 F9H9BH=CBG ,I7< 898I7H=6@9 5B8CF G9@:
=BGIF98 F9H9BH=CBG G<5@@ BCH 69
5DD@=756@9K=H<F9GD97HHCH<97CJ9F5;9DFCJ=898HCCIBHMIB89FGI7<DC@=7=9G
CBHF57HCF G<5@@ 69 GC@9@M F9GDCBG=6@9 :CF H<9 898I7H=6@9 5B8CF G9@:
=BGIF98
F9H9BH=CB5B8CIBHM 5H=HGCDH=CB A5MF9EI=F9CBHF57HCFHCG97IF9D5MA9BHC:
GI7<898I7H=6@9GCFG9@:
=BGIF98F9H9BH=CBG6M5GIF9HM6CB8CF5B=FF9JC756@95B8
IB7CB8=H=CB5@@9HH9FC:7F98=H
-<9=BGIF5B79DC@=7=9GF9EI=F986MH<=G7CBHF57H 9L79DH0CF?9FGUCAD9BG5H=CB
5B8FFCFG5B8(A=GG=CBG G<5@@B5A9CIBHM =HG5;9BHG F9DF9G9BH5H=J9G C::=79FG
8=F97HCFG C::=7=5@G 5B89AD@CM99G5G588=H=CB5@=BGIF98G
-<9DC@=7=9GF9EI=F98<9F9IB89F 9L79DH0CF?9FGUCAD9BG5H=CB5B8FFCFG5B8
(A=GG=CBG G<5@@7CBH5=B5K5=J9FC:HF5BG:9FC:F=;<HGC:F97CJ9FMGI6FC;5H=CB
5;5=BGH CIBHM =HG 5;9BHG F9DF9G9BH5H=J9G C::=79FG 8=F97HCFG C::=7=5@G 5B8
9AD@CM99G:CF5BM7@5=AG5F=G=B;CIHC:CBHF57HCFUGKCF?CFG9FJ=79
":5J5=@56@9 H<9=BGIF5B79DC@=7=9GF9EI=F986MH<=G7CBHF57HA5M697CA6=B98K=H<
CAA9F7=5@.A6F9@@5"BGIF5B79DC@=7=9GHCA99HH<9A=B=AIA@=A=HF9EI=F9A9BHG
": 5 CAA9F7=5@ .A6F9@@5 =BGIF5B79 DC@=7M =G IH=@=N98 HC A99H =BGIF5B79
F9EI=F9A9BHG H<9 9FH=:=75H9 C: "BGIF5B79 G<5@@ =B8=75H9 K<=7< @=B9G H<9
CAA9F7=5@.A6F9@@5"BGIF5B797CJ9FG
CAA9F7=5@ 9B9F5@%=56=@=HM
CAA9F7=5@ 9B9F5@ %=56=@=HM % =BGIF5B79 5B8 =: B979GG5FM
CAA9F7=5@.A6F9@@5=BGIF5B79K=H<5@=A=HC:BCH@9GGH<5B
:CF 957< C77IFF9B79
)FC8I7HGCAD@9H98 (D9F5H=CBG
;;F9;5H9 5B8
9B9F5@;;F9;5H9%=A=H-<9DC@=7MG<5@@
=B7@I897CJ9F5;9:CFDF9A=G9G@=56=@=HM 6C8=@M=B>IFM 6FC58:CFADFCD9FHM
85A5;9 D9FGCB5@ =B>IFM DFC8I7HG 5B8 7CAD@9H98 CD9F5H=CBG 5B8
6@5B?9H7CBHF57HI5@7CJ9F5;9 5B8G<5@@BCH7CBH5=B5BMDFCJ=G=CBGK<=7<
KCI@8G9FJ9HC@=A=HH<=F8D5FHM57H=CBCJ9F7@5=AG-<9F9G<5@@69BC
9B8CFG9A9BHCFAC8=:=75H=CBGC:H<9 %@=A=H=B;H<9G7CD9C:7CJ9F5;9
:CF @=56=@=HM 5F=G=B; :FCA 9LD@CG=CB 7C@@5DG9 CF IB89F;FCIB8 DFCD9FHM
85A5;9
IHCAC6=@9%=56=@=HM
CAA9F7=5@IG=B9GGIHCAC6=@9%=56=@=HM=BGIF5B79K=H<57CA6=B98
G=B;@9 @=A=H :CF 6C8=@M =B>IFM 5B8 DFCD9FHM 85A5;9 C: BCH @9GG H<5B
957< C77IFF9B79 K=H< F9GD97H HC 5BM C: H<9 CBHF57HCFUG
CKB98 <=F98 5B8 BCB
CKB98 J9<=7@9G 5GG=;B98 HC CF IG98 =B
D9F:CFA5B79C:H<9CBHF57HCFUGKCF?CFG9FJ=79GCFIG9CFA5=BH9B5B79
C:H<9DF9A=G9GIB89FH<=G7CBHF57H
0CF?9FGUCAD9BG5H=CB
0CF?9FGU 7CAD9BG5H=CB =BGIF5B79 HC 7CJ9F C6@=;5H=CBG
=ADCG986M989F5@5B8,H5H9GH5HIH9G<5J=B;>IF=G8=7H=CBC:
CBHF57HCFUG9AD@CM99G9B;5;98=BH<9D9F:CFA5B79C:H<9
KCF? CF G9FJ=79G IB89F H<=G 7CBHF57H 5B8 AD@CM9FUG
%=56=@=HM =BGIF5B79 C: BCH @9GG H<5B
:CF 957<
577=89BH
8=G95G9 :CF 957< 9AD@CM99 5B8
8=G95G9DC@=7M@=A=H
CBHF57HCF =HG GI67CBHF57HCFG 5B8 GI6
GI67CBHF57HCFG
K5=J95@@F=;<HG5;5=BGHH<=G7CBHF57H5B8=HG5;9BHG C::=79FG
8=F97HCFG 5B89AD@CM99G:CFF97CJ9FMC:85A5;9GHCH<9
9LH9BH H<9G9 85A5;9G 5F9 7CJ9F98 6M H<9 KCF?9FGU
7CAD9BG5H=CB 5B8 AD@CM9FUG %=56=@=HM CF CAA9F7=5@
.A6F9@@5 %=56=@=HM =BGIF5B79 C6H5=B98 6M CBHF57HCF =HG
GI67CBHF57HCFG 5B8=HGGI6
GI67CBHF57HCFGDIFGI5BHHCH<=G
7CBHF57H
FFCFG5B8(A=GG=CBG)FC:9GG=CB5@%=56=@=HM"BGIF5B79
FFCFG5B8(A=GG=CBG)FC:9GG=CB5@%=56=@=HM=BGIF5B79K<=7<K=@@=BGIF9
5B8DFCJ=897CJ9F5;9:CF9FFCFGCFCA=GG=CBGCFDFC:9GG=CB5@@=56=@=HMC:
H<97CBHF57HCF K=H<@=A=HGC:BC@9GGH<5B
:CF957<7@5=A
9FH=:=75H9GC:"BGIF5B79
)F=CFHC7CBHF57H5K5F8CBHF57HCFG<5@@:IFB=G<H<9CIBHMK=H<J5@=8
5B8 7CAD@9H9 9FH=:=75H9G C: "BGIF5B79 CF :CFA5@ 9B8CFG9A9BHG 5G
F9EI=F986MH<97CBHF57H=BH<9:CFADFCJ=8986MH<9CIBHM =GGI986M
CBHF57HCFUG=BGIF9FG 5G9J=89B79H<5HDC@=7=9GDFCJ=8=B;H<9F9EI=F98
7CJ9F5;9 7CB8=H=CBG5B8@=A=HGF9EI=F986MH<=G7CBHF57H5F9=B:I@@:CF79
5B89::97H,I7<79FH=:=75H9GG<5@@=89BH=:MH<=G7CBHF57HBIA69F5B8H=H@9
"BH<99J9BH5BM=BGIF5B79DC@=7M=9GF9EI=F986MH<=G7CBHF57H=G5F9
KF=HH9BCB57@5=AG
A58965G=G 7CJ9F5;9G<5@@9LH9B8:CFHKCM95FGD5GH
7CAD@9H=CB 5B8 5779DH5B79 C: CBHF57HCFUG KCF? CF G9FJ=79G 5B8 5G
9J=89B7986M5BBI5@79FH=:=75H9GC:=BGIF5B79
":5DC@=7M8C9G9LD=F98IF=B;H<9@=:9C:H<9CBHF57H 5F9B9K5@79FH=:=75H9
AIGH69G9BHHCCIBHM75@9B85F85MGDF=CFHCH<99LD=F5H=CB85H9
5B79@@5H=CB5B8LD=F5H=CB'CH=79
DD@=756@9HC5@@=BGIF5B79DC@=7=9GF9EI=F98K=H<=BH<9=BGIF5B79F9EI=F9A9BHGC:
H<=G 7CBHF57H CBHF57HCFUG =BGIF5B79 G<5@@ BCH 69 D9FA=HH98 HC 9LD=F9 69
GIGD9B898 6975B79@98 CF69A5H9F=5@@M7<5B;98:CF5BMF95GCBK=H<CIH
85MG
DF=CF KF=HH9B BCH=79 HC &5F=7CD5 CIBHM CBHF57HCF AIGH DFCJ=89 HC &5F=7CD5
CIBHM K=H<=BHKC6IG=B9GG85MGC:F979=DH =:H<9MF979=J9BCH=79C:5DC@=7MH<5H
<5G699BCFK=@@69GIGD9B898 75B79@98 A5H9F=5@@M7<5B;98:CF5BMF95GCB <5G
9LD=F98 CFK=@@699LD=F=B;,I7<BCH=79G<5@@69G9BH8=F97H@MHC&5F=7CD5CIBHM
(::=79C:)FC7IF9A9BH,9FJ=79G5B8G<5@@69A5=@98 CF<5B889@=J9F98HC
0
#9::9FGCB,H,I=H9
)<C9B=L 3
CF9A5=@98HCH<9DFC7IF9A9BHC::=79F
BCH98=BH<9GC@=7=H5H=CB
(+&#.+
'9=H<9FD5FHMG<5@@69@=56@9:CF:5=@IF9C:D9F:CFA5B79 BCF=B7IF5BM@=56=@=HMHCH<9
CH<9FD5FHMCB577CIBHC:5BM@CGGCF85A5;9F9GI@H=B;:FCA5BM89@5MCF:5=@IF9HC
D9F:CFA5@@CF5BMD5FHC:H<=G7CBHF57H =:GI7<89@5MCF:5=@IF9=G75IG986M9J9BHG
C77IFF9B79G CF75IG9G69MCB8H<9F95GCB56@97CBHFC@5B8K=H<CIHB9;@=;9B79C:
H<9D5FH=9G,I7<9J9BHG C77IFF9B79G CF75IG9G=B7@I89 6IH5F9BCH@=A=H98HC
57HGC: C8B5HIF9=B7@I8=B;:=F9 :@CC8 95FH<EI5?9 GHCFA <IFF=75B9 CFCH<9F
B5HIF5@8=G5GH9F K5F =BJ5G=CB 57HC::CF9=;B9B9A=9G <CGH=@=H=9GK<9H<9FK5F=G
897@5F98 CF BCH 7=J=@ K5F F=CHG F969@@=CB F9JC@IH=CB =BGIFF97H=CB A=@=H5FM CF
IGIFD98 DCK9F CF 7CB:=G75H=CB H9FFCF=GH 57H=J=H=9G B5H=CB5@=N5H=CB ;CJ9FBA9BH
G5B7H=CB @C7?CIH 6@C7?5;9 9A65F;C @56CF 8=GDIH9 GHF=?9 5B8 =BH9FFIDH=CB CF
:5=@IF9C:9@97HF=7=HMCFH9@97CAAIB=75H=CBG9FJ=79 5B8D5B89A=7
57<D5FHM 5G5DD@=756@9 G<5@@;=J9H<9CH<9FD5FHMBCH=79C:=HG=B56=@=HMHCD9F:CFA
5B8D5FH=7I@5FG=BF95GCB56@989H5=@C:H<975IG9C:H<9=B56=@=HM57<D5FHMAIGH
IG969GH9::CFHGHCF9A98MH<9G=HI5H=CB5B8F9ACJ9 5GGCCB5GDF57H=756@9 H<9
75IG9C:=HG=B56=@=HMHCD9F:CFACF7CAD@M
-<9D5FHM5GG9FH=B;CF79&5>9IF95G575IG9:CFBCB
D9F:CFA5B79G<5@@<5J9H<9
6IF89BC:DFCJ=B;H<5HF95GCB56@9GH9DGK9F9H5?9BHCA=B=A=N989@5MCF85A5;9G
75IG986M:CF9G9956@99J9BHG H<5H5@@BCB
9L7IG98C6@=;5H=CBGK9F9GI6GH5BH=5@@M
:I@:=@@98 5B8 H<5H H<9 CH<9F D5FHM K5G H=A9@M BCH=:=98 C: H<9 @=?9@=<CC8 CF 57HI5@
C77IFF9B79 K<=7< KCI@8 >IGH=:M GI7< 5B 5GG9FH=CB GC H<5H CH<9F DFI89BH
DF975IH=CBG7CI@8697CBH9AD@5H98
(++"' .-!(+"-2
BMF9EI9GH:CFDIF7<5G9G<5@@69577CAD5B=986M5J5@=8DIF7<5G9CF89F=GGI986M5
CIBHM 89D5FHA9BH CF 8=F97H98 6M 5 9FH=:=98 ;9B7M )FC7IF9A9BH =8 ) K=H< 5
DIF7<5G975F8:CFD5MA9BH
)+(.+&'-+(++"' )"%"-2
CIBHMA5MCDHHCIG95DFC7IF9A9BH75F8/=G5CF&5GH9F5F8HCA5?9D5MA9BH:CF
CF89FGIB89FH<=G7CBHF57H
'(&"'"&.&(+&1"&.&).+!,(%" -"('
-<=G 7CBHF57H 8C9G BCH ;I5F5BH99 5BM A=B=AIA CF A5L=AIA DIF7<5G9G K=@@ 69 A589
(F89FGK=@@CB@M69D@5798IB89FH<=G7CBHF57HK<9BH<9CIBHM=89BH=:=9G5B9985B8DFCD9F
5IH<CF=N5H=CB5B88C7IA9BH5H=CB<5J9699B5DDFCJ98
).+!,(++,
CIBHMF9G9FJ9GH<9F=;<HHC75B79@DIF7<5G9CF89FGK=H<=B5F95GCB56@9D9F=C8C:
H=A95:H9F=GGI5B79,<CI@85DIF7<5G9CF89F6975B79@98 H<9CIBHM5;F99GHC
F9=A6IFG9 H<9 CBHF57HCF :CF 57HI5@ 5B8 8C7IA9BH56@9 7CGHG =B7IFF98 6M H<9
CBHF57HCF=BF9GDCBG9HCH<9DIF7<5G9CF89F-<9CIBHMK=@@BCHF9=A6IFG9H<9
CBHF57HCF:CF5BM7CGHG=B7IFF985:H9FF979=DHC:CIBHMBCH=79C:75B79@@5H=CB CF
:CF@CGHDFC:=HG CF:CFG<=DA9BHC:DFC8I7HDF=CFHC=GGI5B79C:DIF7<5G9CF89F
CBHF57HCF5;F99GHC5779DHJ9F65@BCH=:=75H=CBC:75B79@@5H=CBC:DIF7<5G9CF89FG
:FCAH<9CIBHMDFC7IF9A9BHC::=79FK=H<KF=HH9BBCH=:=75H=CBHC:C@@CKCBHF57HCF
GD97=:=75@@M57?BCK@98;9GHC696CIB86MH<=G75B79@@5H=CBDC@=7M
$ +(.'!$
+9GDCB89BHGA5M69F9EI=F98HCD5GGAI@H=D@9657?;FCIB87<97?G9; ,<9F=::UG(::=79
CIBHM HHCFB9MG (::=79 CIFHG 5G K9@@ 5G &5F=7CD5 CIBHM ;9B9F5@ ;CJ9FBA9BH HC
89H9FA=B9=:H<9F9GDCB89BH=G5779DH56@9HC8C6IG=B9GGK=H<H<9CIBHM-<=G5DD@=9GHC
6IH=GBCH@=A=H98HC H<97CAD5BM GI67CBHF57HCFG 5B89AD@CM99G 5B8H<9:5=@IF9HCD5GG
H<9G97<97?GG<5@@899AH<9F9GDCB89BHBCB
F9GDCBG=6@9
,.,)',"('(0(+$
-<9DFC7IF9A9BHC::=79FA5MCF89FH<9CBHF57HCF =BKF=H=B; HCGIGD9B8 89@5M CF=BH9FFIDH
5@@CF5BMD5FHC:H<9KCF?C:H<=G7CBHF57H:CFH<9D9F=C8C:H=A9H<5HH<9DFC7IF9A9BHC::=79F
89H9FA=B9G5DDFCDF=5H9:CFH<97CBJ9B=9B79C:H<9CIBHM'C58>IGHA9BHG<5@@69A589
IB89FH<=G7@5IG9:CF5BMGIGD9BG=CB 89@5M CF=BH9FFIDH=CBHCH<99LH9BHH<5HD9F:CFA5B79
KCI@8<5J9699BGCGIGD9B898 89@5M98 CF=BH9FFIDH986M5BMCH<9F75IG9 =B7@I8=B;H<9
:5I@HCFB9;@=;9B79C:H<9CBHF57HCF'CF9EI9GH:CF58>IGHA9BHIB89FH<=G7@5IG9G<5@@69
;F5BH98IB@9GGH<97@5=A =B5B5ACIBHGH5H98 =G5GG9FH98=BKF=H=B;5GGCCB5GDF57H=756@9
5:H9FH<9H9FA=B5H=CBC:H<9GIGD9BG=CB 89@5M CF=BH9FFIDH=CB 6IHBCH@5H9FH<5BH<985H9C:
:=B5@D5MA9BHIB89FH<97CBHF57H
,-()0(+$(++
-<9 DFC7IF9A9BH C::=79F A5M 5H 5BM H=A9 6M KF=HH9B CF89F HC H<9 CBHF57HCF
F9EI=F9H<9CBHF57HCFHCGHCD5@@ CF5BMD5FH C:H<9KCF?75@@98:CF6MH<=G7CBHF57H
:CF5D9F=C8C:
75@9B85F85MG5:H9FH<9CF89F=G89@=J9F98HCH<9CBHF57HCF 5B8
:CF5BM:IFH<9FD9F=C8HCK<=7<H<9D5FH=9GA5M5;F99-<9CF89FG<5@@69GD97=:=75@@M
=89BH=:=985G5GHCDKCF?CF89F=GGI98IB89FH<=G7@5IG9.DCBF979=DHC:H<9CF89F
H<9CBHF57HCFG<5@@=AA98=5H9@M7CAD@MK=H<=HGH9FAG5B8H5?95@@F95GCB56@9
GH9DGHCA=B=A=N9H<9=B7IFF9B79C:7CGHG5@@C756@9HCH<9KCF?7CJ9F986MH<9CF89F
8IF=B;H<9D9F=C8C:KCF?GHCDD5;90=H<=B5D9F=C8C:
75@9B85F85MG5:H9F5
GHCDKCF?CF89F=G89@=J9F98HCH<9CBHF57HCF CFK=H<=B5BM9LH9BG=CBC:H<5HD9F=C8
HCK<=7<H<9D5FH=9GG<5@@<5J95;F998 H<9DFC7IF9A9BHC::=79FG<5@@9=H<9F
75B79@H<9GHCDKCF?CF89FCF
H9FA=B5H9H<9KCF?7CJ9F986MH<9CF89F5GDFCJ=898=BH<9-9FA=B5H=CB
:CF9:5I@HCFH<9-9FA=B5H=CB:CFCBJ9B=9B797@5IG9C:H<=G7CBHF57H
-<9 DFC7IF9A9BH C::=79F A5M A5?9 5B 9EI=H56@9 58>IGHA9BH =B H<9
89@=J9FM G7<98I@9 5B8CF 7CBHF57H DF=79 5B8 H<9 7CBHF57H G<5@@ 69
AC8=:=98 =BKF=H=B; 577CF8=B;@M =:H<9CBHF57HCF89ACBGHF5H9GH<5HH<9
GHCDKCF?CF89FF9GI@H98=B5B=B7F95G9=B7CGHGHCH<9CBHF57HCF
-+&"'-"('(+('/'"'
&5F=7CD5CIBHMA5MH9FA=B5H9H<9F9GI@H5BH7CBHF57H:CF7CBJ9B=9B796MDFCJ=8=B;
75@9B85F85MG58J5B79BCH=79HCH<9CBHF57HCF
-+&"'-"('(+.%-
-<9 CIBHM A5M 6M KF=HH9B 'CH=79 C: 9:5I@H HC H<9 CBHF57HCF H9FA=B5H9 H<=G
7CBHF57H=BK<C@9CF=BD5FH=:H<9CBHF57HCF:5=@GHC
89@=J9FH<9GIDD@=9GCFHCD9F:CFAH<9G9FJ=79GK=H<=BH<9H=A9GD97=:=98
=BH<=G7CBHF57HCF5BM9LH9BG=CB
A5?9DFC;F9GG GC5GHC9B85B;9FD9F:CFA5B79C:H<=G7CBHF57HCF
D9F:CFA5BMC:H<9CH<9FDFCJ=G=CBGC:H<=G7CBHF57H
-<9CIBHMUGF=;<HHCH9FA=B5H9H<=G7CBHF57HIB89FH<9G9GI6D5F5;F5D<GA5M69
9L9F7=G98=:H<9CBHF57HCF8C9GBCH7IF9GI7<:5=@IF9K=H<=B
6IG=B9GG85MGCF
ACF9=:5IH<CF=N98=BKF=H=B;6MH<9CIBHM5:H9FF979=DHC:5'CH=79HCIF9:FCA
H<9DFC7IF9A9BHC::=79FGD97=:M=B;H<9:5=@IF9
)+(+&'
"HG<5@@69H<9CBHF57HCFUGF9GDCBG=6=@=HMHCA99HH<9DFCDCG98D9F:CFA5B79F9EI=F9A9BHG
&5F=7CD5CIBHMF9G9FJ9GH<9F=;<HHCC6H5=BG9FJ=79GCBH<9CD9BA5F?9H=BH<99J9BHH<9
CBHF57HCF:5=@GHCD9F:CFA 5B85BMDF=798=::9F9BH=5@K=@@697<5F;985;5=BGHH<9CBHF57HCF
('-+-(+&)%(2&' &'-
CBHF57HCFG<5@@9B895JCFHCA5=BH5=BH<9D9FGCBB9@DFCDCG98=BH<9=FDFCDCG5@
H<FCI;<CIHH<9D9F:CFA5B79C:H<=G7CBHF57H
": CBHF57HCF D9FGCBB9@UG 9AD@CMA9BH GH5HIG 7<5B;9G CBHF57HCF G<5@@ DFCJ=89
CIBHM5@=GHC:DFCDCG98F9D@579A9BHGK=H<9EI=J5@9BHCF;F95H9F9LD9F=9B79
.B89FBC7=F7IAGH5B79GG<5@@H<9=AD@9A9BH5H=CBG7<98I@9HC69=AD57H986M5
D9FGCBB9@7<5B;9CBH<9D5FHC:H<9CBHF57HCF
CBHF57HCFG<5@@BCHF95GG=;B5BM?9MD9FGCBB9@5B5K5F898-5G?(F89FK=H<CIH
H<99LDF9GG7CBG9BHC:H<9CIBHM
CIBHMF9G9FJ9GH<9F=;<HHC=AA98=5H9@MF9ACJ9:FCA=HGDF9A=G9G5BMCBHF57HCF
D9FGCBB9@=H89H9FA=B9GHC695F=G?HCCIBHMCD9F5H=CBG
CIBHMF9G9FJ9GH<9F=;<HHCF9EI9GHH<9F9D@579A9BHC:5BMCBHF57HCFD9FGCBB9@
5H5BMH=A9 :CF5BMF95GCB
-+"'"'
CBHF57HCFG<5@@DFCJ=89HF5=B=B;G9FJ=79G5G5DD@=756@9HCCIBHMD9FGCBB9@=BH<9IG95B8
75F9C:H<99EI=DA9BH@@HF5=B=B;G<5@@H5?9D@579CB
G=H9=B&5F=7CD5CIBHM IB@9GG
CH<9FK=G9B9;CH=5H98K=H<CIBHM
"',)-"('(,+/",
-<9 CBHF57HCF G<5@@ DFCJ=89 5B8 A5=BH5=B 5B =BGD97H=CB GMGH9A 5779DH56@9 HC
CIBHM 7CJ9F=B; H<9 G9FJ=79G IB89F H<=G 7CBHF57H CAD@9H9 F97CF8G C: 5@@
=BGD97H=CB KCF? D9F:CFA98 6M H<9 CBHF57HCF G<5@@ 69 A5=BH5=B98 5B8 A589
5J5=@56@9HCCIBHM8IF=B;7CBHF57HD9F:CFA5B795B8:CF5G@CB;5:H9FK5F8G5GH<9
7CBHF57HF9EI=F9G
CIBHM<5GH<9F=;<HHC=BGD97H5B8H9GH5@@G9FJ=79G75@@98:CF6MH<97CBHF57H HC
H<9 9LH9BH DF57H=756@9 5H 5@@ H=A9G 5B8 D@579G 8IF=B; H<9 H9FA C: H<9 7CBHF57H
CIBHMG<5@@D9F:CFA=BGD97H=CBG5B8H9GHG=B5A5BB9FH<5HK=@@BCHIB8I@M89@5M
H<9KCF?
":5BMC:H<9G9FJ=79G8CBCH7CB:CFAHC7CBHF57HF9EI=F9A9BHG CIBHMA5MF9EI=F9
H<9 CBHF57HCF HC D9F:CFA H<9 G9FJ=79G 5;5=B =B 7CB:CFA=HM K=H< 7CBHF57H
F9EI=F9A9BHG 5HBC7CGHHCH<9CIBHM0<9BH<989:97HG=BG9FJ=79G75BBCH69
7CFF97H986MF9
D9F:CFA5B79 CIBHMA5M
F9EI=F9H<9CBHF57HCFHCH5?9B979GG5FM57H=CBHC9BGIF9H<5H:IHIF9
D9F:CFA5B797CB:CFAGHC7CBHF57HF9EI=F9A9BHG5B8
F98I79H<97CBHF57HDF=79HCF9:@97HH<9F98I798J5@I9C:H<9G9FJ=79G
D9F:CFA98
": H<9 CBHF57HCF :5=@G HC DFCADH@M D9F:CFA H<9 G9FJ=79G 5;5=B CF HC H5?9 H<9
B979GG5FM 57H=CB HC 9BGIF9 :IHIF9 D9F:CFA5B79 =B 7CB:CFA=HM K=H< 7CBHF57H
F9EI=F9A9BHG CIBHMA5M
6M 7CBHF57H CF CH<9FK=G9 D9F:CFA H<9 G9FJ=79G 5B8 7<5F;9 HC H<9
CBHF57HCF H<FCI;<8=F97H6=@@=B;CFH<FCI;<D5MA9BHF98I7H=CB 5BM7CGH
=B7IFF986MCIBHMH<5H=G8=F97H@MF9@5H98HCH<9D9F:CFA5B79C:GI7<
G9FJ=79CF
H9FA=B5H9H<97CBHF57H:CF89:5I@H
., +)(+-
-<9 CBHF57HCF G<5@@ :IFB=G< H<9 CIBHM 5 IG5;9 F9DCFH IDCB F9EI9GH 89@=B95H=B; H<9
57EI=G=H=CB57H=J=HM;CJ9FB986MH<97CBHF57H-<9:CFA5HC:H<9F9DCFHG<5@@695DDFCJ986M
H<9 CIBHM 5B8 G<5@@ 8=G7@CG9 H<9 EI5BH=HM 5B8 8C@@5F J5@I9 C: 957< 7CBHF57H =H9A 6M
=B8=J=8I5@IB=HC:A95GIF9
,--.-(+2+" !-('%%-"('(+('%"-("'-+,-
'CH=79=G;=J9BH<5H DIFGI5BHHC+,O
H<9CIBHMA5M75B79@5BM7CBHF57H
K=H<CIHD9B5@HMCF:IFH<9FC6@=;5H=CBK=H<=BH<F99M95FG5:H9F9L97IH=CBC:H<97CBHF57H =:5BM
D9FGCBG=;B=:=75BH@M=BJC@J98=B=B=H=5H=B; B9;CH=5H=B; G97IF=B; 8F5:H=B; CF7F95H=B;H<9
7CBHF57HCB69<5@:C:H<9CIBHM=G5H5BMH=A9 K<=@9H<97CBHF57HCF5BM9LH9BG=CBC:H<9
7CBHF57H=G=B9::97H 5B9AD@CM99CF5;9BHC:5BMCH<9FD5FHMHCH<97CBHF57H=B5BM75D57=HM
CF7CBGI@H5BHHC5BMCH<9FD5FHMC:H<97CBHF57HK=H<F9GD97HHCH<9GI6>97HA5HH9FC:H<9
7CBHF57H88=H=CB5@@M DIFGI5BHHC+,O
H<9CIBHMA5MF97CID5BM:99CF
7CAA=GG=CB D5=8 CF 8I9 HC 5BM D9FGCB G=;B=:=75BH@M =BJC@J98 =B =B=H=5H=B; B9;CH=5H=B;
G97IF=B; 8F5:H=B; CF7F95H=B;H<97CBHF57HCB69<5@:C:H<9CIBHM:FCA5BMCH<9FD5FHMHC
H<97CBHF57H5F=G=B;5GH<9F9GI@HC:H<97CBHF57H
(,-(+& ,
"B588=H=CBHC5@@CH<9FF9A98=9G5H%5KCFEI=HM H<9CIBHMA5MC::G9H:FCA5BMACB9M
8I9HCH<9CBHF57HCF5BM5ACIBHGCBHF57HCFCK9GHCH<9CIBHM:CF85A5;9GF9GI@H=B;
:FCA6F957<CF89:=7=9B7=9G=BD9F:CFA5B79C:H<97CBHF57H
,.('-+-"'
-<9CBHF57HCFA5MBCH5GG=;BHC5BCH<9FCBHF57HCFCFGI67CBHF57HHC5BCH<9F
D5FHM :CF D9F:CFA5B79 C: H<9 H9FAG 5B8 7CB8=H=CBG <9F9C: K=H<CIH H<9 KF=HH9B
7CBG9BH C: H<9 CIBHM @@ 7CFF9GDCB89B79 5IH<CF=N=B; GI67CBHF57H=B; AIGH
F9:9F9B79H<96=8G9F=5@BIA69F5B8=89BH=:MH<9>C6CFDFC>97H
-<9GI67CBHF57HCFUGF5H9:CFH<9>C6G<5@@BCH9L7998H<5HC:H<9DF=A9CBHF57HCFUG
F5H9 5G6=8=BH<9DF=7=B;G97H=CB IB@9GGH<9DF=A9CBHF57HCF=GK=@@=B;HC56GCF6
5BM<=;<9FF5H9G-<9GI67CBHF57HCFUG=BJC=79G<5@@69=BJC=7988=F97H@MHCH<9DF=A9
CBHF57HCF K<C=BHIFBG<5@@D5GG
H<FCI;<H<97CGHGHCH<9CIBHM K=H<CIHA5F?
ID7CDMC:H<9GI67CBHF57HCFUG=BJC=79AIGH577CAD5BMH<9DF=A9CBHF57HCFUG
=BJC=79
&'&'-,
@@5A9B8A9BHGHCH<=G7CBHF57HG<5@@69=BKF=H=B;5B85DDFCJ98G=;B986M6CH<D5FH=9G
&5F=7CD5CIBHM(::=79C:)FC7IF9A9BH,9FJ=79GG<5@@69F9GDCBG=6@9:CF5DDFCJ=B;5@@
5A9B8A9BHG:CF&5F=7CD5CIBHM
"-"(',%-"(',(+*."+&'-,
-<9CIBHMF9G9FJ9GH<9F=;<HHC5885B8CF89@9H9A5H9F=5@G5B8G9FJ=79GHC57CBHF57H":
5G9FJ=79F9EI=F9A9BH=G89@9H98 D5MA9BHHCH<9CBHF57HCFK=@@69F98I798DFCDCFH=CB5H9@M
HCH<95ACIBHC:G9FJ=79F98I798=B577CF85B79K=H<H<96=8DF=79":588=H=CB5@A5H9F=5@G
CF G9FJ=79G 5F9 F9EI=F98 :FCA 5 7CBHF57H DF=79G :CF GI7< 588=H=CBG K=@@ 69 B9;CH=5H98
69HK99BH<9CBHF57HCF5B8H<9CIBHM
+" !-,"'-
-<9CIBHMG<5@@<5J9H<9IG9C:85H55B8F9DCFHGF9GI@H=B;:FCA57CBHF57HK=H<CIH
588=H=CB5@ 7CGH CF CH<9F F9GHF=7H=CB 9L79DH 5G A5M 69 9GH56@=G<98 6M @5K CF
5DD@=756@9F9;I@5H=CB57<D5FHMG<5@@GIDD@MHCH<9CH<9FD5FHM IDCBF9EI9GH 5BM
5J5=@56@9 =B:CFA5H=CB H<5H =G F9@9J5BH HC 5 7CBHF57H 5B8 HC H<9 D9F:CFA5B79
H<9F9IB89F
5H5 F97CF8G F9DCFHG 5B85@@CH<9F=B:CFA5H=CB;9B9F5H98:CFH<9CIBHM6M5H<=F8
D5FHM5GH<9F9GI@HC:57CBHF57H5F9H<9DFCD9FHMC:H<9CIBHM5B8G<5@@69DFCJ=898
=B5:CFA5H89G=;B5H986MH<9CIBHMCFG<5@@695B8F9A5=B5779GG=6@9HCH<9
CIBHM=BHCD9FD9HI=HM
,,-('+-'-"('(+(+,(+-!).+)(,(."-'(+
(-!++/"0
"B577CF85B79K=H<,97H=CB&
C:H<9&5F=7CD5CIBHM)FC7IF9A9BHC89
H<9CBHF57HCF5;F99GHCF9H5=BD<MG=75@CF8=;=H5@7CD=9GC:5@@6CC?G F97CF8G
577CIBHG GH5H9A9BHG F9DCFHG :=@9G 5B8CH<9FF97CF8G5B8657?
ID8C7IA9BH5H=CB
F9@9J5BHHCH<=G7CBHF57H:CFG=LM95FG5:H9F:=B5@D5MA9BHCFIBH=@5:H9FH<9F9GC@IH=CB
C:5BM5I8=HEI9GH=CBG K<=7<7CI@869ACF9H<5BG=LM95FG K<=7<9J9F=G@CB;9GH
-<9CIBHM 989F5@CF,H5H95I8=HCFG5B85BMCH<9FD9FGCBG8I@M5IH<CF=N986M
H<989D5FHA9BHG<5@@<5J9:I@@5779GGHC5B8H<9F=;<HHC9L5A=B9 7CDM 5B8A5?9
IG9C: 5BM5B85@@G5=8A5H9F=5@G
":H<9CBHF57HCFUG6CC?G F97CF8G 577CIBHG GH5H9A9BHG F9DCFHG :=@9G 5B8CH<9F
F97CF8G5B8657?
ID8C7IA9BH5H=CBF9@9J5BHHCH<=G7CBHF57H5F9BCHGI::=7=9BHHC
GIDDCFH5B88C7IA9BHH<5HF9EI9GH98G9FJ=79GK9F9DFCJ=898 H<9CBHF57HCFG<5@@
F9=A6IFG9 &5F=7CD5 CIBHM :CF H<9 G9FJ=79G BCH GC 589EI5H9@M GIDDCFH98 5B8
8C7IA9BH98
."-",%%(0',
":5H5BMH=A9=H=G89H9FA=B986MH<9CIBHMH<5H57CGH:CFK<=7<D5MA9BH<5G699BA589
=G58=G5@@CK987CGH H<9CIBHMG<5@@BCH=:MH<9CBHF57HCF=BKF=H=B;C:H<98=G5@@CK5B79
-<97CIFG9C:57H=CBHC588F9GGH<98=G5@@CK5B79G<5@@695HGC@98=G7F9H=CBC:H<9CIBHM
5B8A5M=B7@I899=H<9F5B58>IGHA9BHHC:IHIF9=BJC=79G F9EI9GH:CF7F98=H F9EI9GH:CF5
7<97? CF 5 898I7H=CB :FCA 7IFF9BH =BJC=79G GI6A=HH98 6M H<9 CBHF57HCF 9EI5@ HC H<9
5ACIBHC:H<98=G5@@CK5B79 CFHCF9EI=F9F9=A6IFG9A9BH:CFH<K=H<C:H<98=G5@@CK985ACIBH
6MH<9CBHF57HCF6M=GGI=B;57<97?D5M56@9HC&5F=7CD5CIBHM
,-+"-(&)%"'
779DH5B796MCIBHMC:5D9F:CFA5B79H<5H=GBCH=BGHF=7H7CAD@=5B79K=H<H<9H9FAGC:
H<97CBHF57HG<5@@BCH69899A98HC695K5=J9FC:GHF=7H7CAD@=5B79K=H<F9GD97HHC5@@CH<9F
H9FAGC:H<97CBHF57H
/%""-2
-<9=BJ5@=8=HM =BK<C@9CF=BD5FH C:5BMDFCJ=G=CBC:H<=G7CBHF57HG<5@@BCHJC=8CF5::97H
H<9J5@=8=HMC:5BMCH<9FDFCJ=G=CBC:H<97CBHF57H
,/+"%"-2
-<9F9ACJ5@ =BK<C@9CF=BD5FH C:5BMDFCJ=G=CBC:H<=G7CBHF57HG<5@@BCHJC=8CF5::97HH<9
J5@=8=HMC:5BMCH<9FDFCJ=G=CBC:H<=G7CBHF57H
+%-"(',!"),
"BH<9D9F:CFA5B79C:H<9G9FJ=79G89G7F=698<9F9=B H<9CBHF57HCFG<5@@57HGC@9@M
5G5B=B89D9B89BHCBHF57HCF 5B8BCH<=B;<9F9=BCF=AD@=98<9F9=BG<5@@5H5BM
H=A9697CBGHFI985GHC7F95H9H<9F9@5H=CBG<=DC:9AD@CM9F5B89AD@CM99 7C
9AD@CM99 D5FHB9FG<=D DF=B7=D5@5B85;9BH CF>C=BHJ9BHIF969HK99BH<9CIBHM
5B8H<9CBHF57HCF
-<9 CIBHM F9G9FJ9G H<9 F=;<H C: :=B5@ 5DDFCJ5@ CB DFCDCG98 GH5:: @GC IDCB
F9EI9GH6MH<9CIBHM H<9CBHF57HCFK=@@69F9EI=F98HCF9ACJ95BM9AD@CM99G
KCF?=B;CBCIBHMDFC>97HG5B8GI6GH=HIH9D9FGCBB9@65G98CBH<98=G7F9H=CBC:
H<9CIBHMK=H<=BHKC6IG=B9GG85MG IB@9GGDF9J=CIG@M5DDFCJ986MH<9CIBHM
-<9CIBHMF9G9FJ9GH<9F=;<HC::=B5@5DDFCJ5@CBDFCDCG98GH5:::CF5@@-5G?
(F89FG@GC IDCBF9EI9GH6MH<9CIBHM H<9CBHF57HCFK=@@69F9EI=F98HC
F9ACJ95BM9AD@CM99GKCF?=B;CBCIBHMDFC>97HG5B8GI6GH=HIH9D9FGCBB9@
65G98CBH<98=G7F9H=CBC:H<9CIBHMK=H<=BHKC6IG=B9GG85MG IB@9GG
DF9J=CIG@M5DDFCJ986MH<9CIBHM
'('
",+"&"'-"('
CBHF57HCF5;F99GHC7CAD@MK=H<5@@DFCJ=G=CBG5B8F9EI=F9A9BHGC:F=NCB5L97IH=J9
(F89F
=B7@I8=B; :@CK 8CKB C: 5@@ DFCJ=G=CBG 5B8 F9EI=F9A9BHG HC 5BM
GI67CBHF57HCFGL97IH=J9(F89F
GID9FG989GL97IH=J9(F89F
5B85A9B8G
L97IH=J9(F89F
5B8=G<9F96M=B7CFDCF5H98=BHCH<=G7CBHF57H5G=:G9H:CFH<=B:I@@
<9F9=BIF=B;H<9D9F:CFA5B79C:H<=G7CBHF57H CBHF57HCFG<5@@BCH8=G7F=A=B5H95;5=BGH
5BM9AD@CM99 7@=9BH CF5BMCH<9F=B8=J=8I5@=B5BMK5M6975IG9C:H<5HD9FGCBUG5;9 F579
7F998 7C@CF F9@=;=CB G9L 8=G56=@=HM CFB5H=CB5@CF=;=BF=NCB5L97IH=J9(F89F
75B69J=9K985H<HHDG5DDG5NGCG;CJDI6@=74G9FJ=79GF9;=GH9F
;CJ9FBCFD8:
0+"--'+-""-"(').+,.'-HC+,O
":J9B8CF9B;5;9G=B:CF
DFC:=H57H=J=HM5B8<5G
CFACF99AD@CM99G 5B8=:H<=G5;F99A9BH
<5G5J5@I9C:
CFACF9 J9B8CF79FH=:=9G=H=GBCH7IFF9BH@M9B;5;98=B 5B85;F99G
:CFH<98IF5H=CBC:H<=G5;F99A9BHHCBCH9B;5;9=B 56CM7CHHC:;CC8GCFG9FJ=79G:FCA
"GF59@-<=G79FH=:=75H=CB8C9GBCH5DD@MHC56CM7CHHDFC<=6=H986M
.,OCF5
F9;I@5H=CB=GGI98DIFGI5BHHC
.,O
+-""-"('+ +"' +&'-',.,)',"('
-<9IB89FG=;B985IH<CF=N98C::=7=5@G=;B=B;CB69<5@:C:H<9CBHF57HCF79FH=:=9G
HC H<9 69GH C: <=G CF <9F ?BCK@98;9 5B8 69@=9: H<5H H<9 CBHF57HCF =HG 7IFF9BH
C::=79FG 5B88=F97HCFG
5F9 BCH DF9G9BH@M 8965FF98 GIGD9B898 DFCDCG98 :CF 8965FA9BH
897@5F98 =B9@=;=6@9 CF JC@IBH5F=@M 9L7@I898 :FCA 69=B; 5K5F898 5BM
7CBHF57HCF;F5BH6M5BM.B=H98,H5H9G89D5FHA9BHCF5;9B7MCF5BM
GH5H9 CF@C75@>IF=G8=7H=CB
<5J9BCHK=H<=B5H<F99
M95FD9F=C8DF9798=B;H<=G7CBHF57H
699B 7CBJ=7H98 C: :F5I8 CF 5BM 7F=A=B5@ C::9BG9 =B
7CBB97H=CBK=H<C6H5=B=B; 5HH9ADH=B;HCC6H5=B CF5GH<9
F9GI@HC:D9F:CFA=B;5;CJ9FBA9BH9BH=HM989F5@ ,H5H9CF
@C75@HF5BG57H=CBCF7CBHF57HCF
699B7CBJ=7H98C:J=C@5H=CBC:5BM989F5@CF,H5H95BH=HFIGH
GH5HIH9G CF 7CBJ=7H=CB :CF 9A69NN@9A9BH H<9:H :CF;9FM
6F=69FM :5@G=:=75H=CBCF89GHFI7H=CBC:F97CF8G A5?=B;:5@G9
GH5H9A9BHG CF F979=J=B; GHC@9B DFCD9FHM F9;5F8=B; 5
;CJ9FBA9BH9BH=HMHF5BG57H=CBCF7CBHF57H
5F9BCHDF9G9BH@M=B8=7H98CF7F=A=B5@@M7<5F;986M5;CJ9FBA9BH9BH=HM
989F5@ ,H5H9 CF @C75@ K=H< 7CAA=GG=CB C: 5BM 7F=A=B5@ C::9BG9G =B
7CBB97H=CB K=H< C6H5=B=B; 5HH9ADH=B; HC C6H5=B CF 5G H<9 F9GI@H C:
D9F:CFA=B; 5 ;CJ9FBA9BH 9BH=HM DI6@=7 989F5@ ,H5H9 CF @C75@
HF5BG57H=CBCF7CBHF57H
5F9BCHDF9G9BH@M:57=B;5BM7=J=@7<5F;9G:FCA5BM;CJ9FBA9BH5@9BH=HM
F9;5F8=B; C6H5=B=B; 5HH9ADH=B; HC C6H5=B CF :FCA D9F:CFA=B; 5BM
;CJ9FBA9BH5@9BH=HM7CBHF57HCFCH<9FHF5BG57H=CB5B8
<5J9 BCH K=H<=B 5 H<F99
M95F D9F=C8 DF9798=B; H<=G 7CBHF57H <58 5BM
DI6@=7 HF5BG57H=CB 989F5@ ,H5H9 CF @C75@ H9FA=B5H98 :CF 75IG9 CF
89:5I@H
":5BMC:H<956CJ97=F7IAGH5B79G89G7F=698=BH<9D5F5;F5D<5F95DD@=756@9HCH<9
9BH=HMGI6A=HH=B;56=8:CFH<=GF9EI=F9A9BH =B7@I89K=H<MCIF6=85B9LD@5B5H=CBC:
H<9A5HH9F=B7@I8=B;5BM:=B5@F9GC@IH=CB
-<9 CBHF57HCF G<5@@ =B7@I89 K=H<CIH AC8=:=75H=CB H<=G 7@5IG9 =B 5@@ @CK9F H=9F
7CJ9F98HF5BG57H=CBG=9 HF5BG57H=CBGK=H<GI67CBHF57HCFGCFGI6
GI67CBHF57HCFG
5B8=B5@@GC@=7=H5H=CBG:CF@CK9FH=9F7CJ9F98HF5BG57H=CBGF9@5H98HCH<=G7CBHF57H":
H<=G7@5IG9=G5DD@=756@9HC5GI67CBHF57HCFCFGI6
GI67CBHF57HCF H<9CBHF57HCF
G<5@@=B7@I89H<9=B:CFA5H=CBF9EI=F986MH<=G7@5IG9K=H<H<9=F6=8
/+""-"(' + +"' (&)%"' 0"-! +, O
' +%
"&&" +-"('%0,'+ .%-"(',
M 9BH9F=B; =BHC H<9 7CBHF57H H<9 CBHF57HCF K5FF5BHG 7CAD@=5B79 K=H< H<9
"AA=;F5H=CB 5B8 '5H=CB5@=HM 7H "' IG=B;
/9F=:M 5B8 5@@ CH<9F 989F5@
=AA=;F5H=CB@5KG5B8F9;I@5H=CBGF9@5H98HCH<9=AA=;F5H=CBGH5HIGC:=HG9AD@CM99G
5B8 +, O
-<9 CBHF57HCF G<5@@ C6H5=B GH5H9A9BHG :FCA =HG
GI67CBHF57HCFG 79FH=:M=B; 7CAD@=5B79 5B8 G<5@@ :IFB=G< H<9 GH5H9A9BHG HC H<9
DFC7IF9A9BHC::=79FIDCBF9EI9GH-<9G9K5FF5BH=9GG<5@@F9A5=B=B9::97HH<FCI;<
H<9H9FAC:H<97CBHF57H-<9CBHF57HCF5B8=HGGI67CBHF57HCFGG<5@@5@GCA5=BH5=B
AD@CMA9BH@=;=6=@=HM/9F=:=75H=CB:CFAG"
5GF9EI=F986MH<9"AA=;F5H=CB+9:CFA
5B8CBHFC@7HC: 5G5A9B898:FCAH=A9HCH=A9 :CF5@@9AD@CM99GD9F:CFA=B;
KCF?IB89FH<97CBHF57H5B8J9F=:M9AD@CM997CAD@=5B79IG=B;H<9
/9F=:MGMGH9A
5B8 G<5@@ ?99D 5 F97CF8 C: H<9 J9F=:=75H=CB :CF H<9 8IF5H=CB C: H<9 9AD@CM99UG
9AD@CMA9BHCF5H@95GHH<F99M95FG K<=7<9J9F=G@CB;9F"
:CFAG5F95J5=@56@9:CF
8CKB@C585HKKKIG7=G;CJ
-<9 CIBHM F9H5=BG H<9 @9;5@ F=;<H HC =BGD97H 8C7IA9BHG C: CBHF57HCF 5B8
GI67CBHF57HCF9AD@CM99GD9F:CFA=B;KCF?IB89FH<=G7CBHF57HHCJ9F=:M7CAD@=5B79
K=H<D5F5;F5D<
C:H<=GG97H=CBCBHF57HCF5B8GI67CBHF57HCFG<5@@69;=J9B
F95GCB56@9BCH=79C:H<9CIBHMUG=BH9BHHC=BGD97H5B8G<5@@A5?9H<98C7IA9BHG
5J5=@56@95HH<9H=A95B885H9GD97=:=98,<CI@8H<9CIBHMGIGD97HCF:=B8H<5HH<9
CBHF57HCF CF 5BM C: =HG GI67CBHF57HCFG 5F9 BCH =B 7CAD@=5B79 H<9 CIBHM K=@@
7CBG=89FH<=G5A5H9F=5@6F957<C:H<97CBHF57H5B8A5MDIFGI95BM5B85@@F9A98=9G
5@@CK986M@5K =B7@I8=B; 6IHBCH@=A=H98HCGIGD9BG=CBC:KCF? H9FA=B5H=CBC:H<9
7CBHF57H:CF89:5I@H 5B8GIGD9BG=CB5B8CF8965FA9BHC:H<9CBHF57HCF@@7CGHG
B979GG5FMHCJ9F=:M7CAD@=5B795F9H<9F9GDCBG=6=@=HMC:H<9CBHF57HCF
('-+-(+ AD@CM99 0!",-%%(0+ +" !-, ' +*."+&'- -(
"'(+&&)%(2,(0!",-%%(0++" !-,
-<9D5FH=9G5;F99H<5HH<=G7CBHF57H5B89AD@CM99GKCF?=B;CBH<=G7CBHF57HK=@@69
GI6>97HHCH<9CBHF57HCF9AD@CM99K<=GH@96@CK9FDFCH97H=CBG9GH56@=G<986M-=H@9
.,O5B8,97H=CB
C:H<9989F5@7EI=G=H=CB+9;I@5H=CB
CBHF57HCFG<5@@=B:CFA=HG9AD@CM99G=BKF=H=B; =BH<9DF98CA=B5BH@5B;I5;9C:
H<9KCF?:CF79 C:9AD@CM99K<=GH@96@CK9FF=;<HG5B8DFCH97H=CBGIB89F.,
O 5G 89G7F=698 =B ,97H=CB
C: H<9 989F5@ 7EI=G=H=CB +9;I@5H=CB
C7IA9BH5H=CBC:GI7<9AD@CM99BCH=:=75H=CBAIGH69?9DHCB:=@96MCBHF57HCF
5B87CD=9GDFCJ=898HCCIBHMIDCBF9EI9GH
CBHF57HCFG<5@@=BG9FHH<9GI6GH5B79C:H<=G7@5IG9 =B7@I8=B;H<=GD5F5;F5D< =B5@@
GI67CBHF57HGCJ9FH<9G=AD@=:=9857EI=G=H=CBH<F9G<C@8
5GC::=G75@M95F
('-+-(+%"',+*."+&'-
-<9 CBHF57HCF G<5@@ DFC7IF9 5@@ D9FA=HG =BGIF5B79 5B8 @=79BG9G 5B8 D5M H<9
7<5F;9G 5B8 :99G B979GG5FM 5B8 =B7=89BH5@ HC H<9 @5K:I@ 7CB8I7H C: <=G<9F
6IG=B9GG 5B8 5G B979GG5FM 7CAD@9H9 5BM F9EI=F9A9BHG 6M 5BM 5B8 5@@
;CJ9FBA9BH5@CFBCB
;CJ9FBA9BH5@9BH=H=9G5GA5B85H98HCA5=BH5=B7CAD@=5B79
K=H< 5B8 F9A5=B =B ;CC8 GH5B8=B; -<9 CBHF57HCF G<5@@ ?99D :I@@M =B:CFA98 C:
9L=GH=B;5B8:IHIF9HF589CF=B8IGHFMF9EI=F9A9BHG 5B8989F5@ ,H5H9 5B8@C75@
@5KG CF8=B5B79G 5B8F9;I@5H=CBGK<=7<=B5BMA5BB9F5::97HH<9:I@:=@@A9BHC:5
7CBHF57H5B8G<5@@7CAD@MK=H<H<9G5A9CBHF57HCFG<5@@=AA98=5H9@MBCH=:M6CH<
(::=79 C: )FC7IF9A9BH ,9FJ=79G 5B8 H<9 89D5FHA9BH C: 5BM 5B8 5@@ 7<5B;9G
7CB79FB=B;D9FA=HG =BGIF5B79 CF@=79BG9G
"'%.'
GDF9G7F=698=B&
C:H<9&5F=7CD5CIBHM)FC7IF9A9BHC89 5BM9::CFH
HC=B:@I9B795B9AD@CM99CF5;9BHHC6F957<H<9&5F=7CD5CIBHMH<=75@C89C:
CB8I7HCF5BM9H<=75@7CB8I7H A5M69;FCIB8G:CF8=G65FA9BHCFGIGD9BG=CB
IB89F&
B5HH9ADHHC=B:@I9B79=B7@I89G 6IH=GBCH@=A=H98HC
D9FGCB C::9F=B; CF DFCJ=8=B; 5 ;F5HI=HM ;=:H H=D DF9G9BH 8CB5H=CB
ACB9M 9BH9FH5=BA9BHCF98I75H=CB5@D5GG9GCFH=7?9HG CF5BMHMD9C:
J5@I56@97CBHF=6IH=CBCFGI6G=8MH<5H=GC::9F98CF;=J9BK=H<H<9=BH9BHHC
=B:@I9B795897=G=CB C6H5=B57CBHF57H ;5FB9F:5JCF56@9HF95HA9BH CF
;5=B:5JCF56@97CBG=89F5H=CBC:5BM?=B8
":5D9FGCB5HH9ADHGHC=B:@I9B795BM9AD@CM99CF5;9BHC:&5F=7CD5CIBHM H<9
7<=9:DFC7IF9A9BHC::=79F CF<=G89G=;B99 F9G9FJ9GH<9F=;<HHCG99?5BMF9A98M
DFCJ=8986MH<9&5F=7CD5CIBHM)FC7IF9A9BHC89 5BMF9A98M=B9EI=HMCF=B
H<9@5K CF5BMF9A98MDFCJ=8986MH<=G7CBHF57H
('"'-"%"'(+&-"('
BM=B:CFA5H=CBC6H5=B98=BH<97CIFG9C:D9F:CFA=B;H<=G7CBHF57HA5M=B7@I89
=B:CFA5H=CB H<5H =G DFCDF=9H5FM CF 7CB:=89BH=5@ HC H<9 CIBHM -<=G DFCJ=G=CB
9GH56@=G<9GH<9CBHF57HCFUGC6@=;5H=CBF9;5F8=B;GI7<=B:CFA5H=CB
-<9 CBHF57HCF G<5@@ 9GH56@=G< 5B8 A5=BH5=B DFC798IF9G 5B8 7CBHFC@G H<5H 5F9
589EI5H9HC5GGIF9H<5HBC=B:CFA5H=CB7CBH5=B98=B=HGF97CF8G5B8CFC6H5=B98
:FCAH<9CIBHMCF:FCACH<9FG=B75FFM=B;CIH=HG:IB7H=CBGG9FJ=79GIB89FH<9
7CBHF57HG<5@@69IG986MCF8=G7@CG986M=H =HG5;9BHG C::=79FG CF9AD@CM99G
9L79DH5GF9EI=F98HC9::=7=9BH@MD9F:CFA8IH=9GIB89FH<97CBHF57H-<9CBHF57HCFUG
DFC798IF9G5B87CBHFC@G 5H5A=B=AIA AIGH69H<9G5A9DFC798IF9G5B87CBHFC@G
=HIG9GHCDFCH97H=HGCKBDFCDF=9H5FMCF7CB:=89BH=5@=B:CFA5H=CB": 5H5BMH=A9
8IF=B;H<98IF5H=CBC:H<97CBHF57H H<9CIBHM89H9FA=B9GH<5HH<9DFC798IF9G5B8
7CBHFC@G=BD@5795F9BCH589EI5H9 H<9CBHF57HCFG<5@@=BGH=HIH95BMB9K5B8CF
588=H=CB5@ A95GIF9G F9EI9GH98 6M H<9 CIBHM K=H<=B 6IG=B9GG 85MG C: H<9
KF=HH9BF9EI9GHHC8CGC
BMF9EI9GHGHCH<9CBHF57HCF:CFCIBHMDFCDF=9H5FMCF7CB:=89BH=5@=B:CFA5H=CB
G<5@@69F9:9FF98HCH<9CIBHM:CFF9J=9K5B85DDFCJ5@ DF=CFHC5BM8=GG9A=B5H=CB
).%"+(+,
.B89F F=NCB5 @5K 5@@ C::9FG GI6A=HH98 5B8 CD9B98 5F9 DI6@=7 F97CF8G 5B8 AIGH 69
F9H5=B986MH<9CIBHM5HH<9&5F=7CD5CIBHM(::=79C:)FC7IF9A9BH,9FJ=79G(::9FGG<5@@
69CD9BHCDI6@=7=BGD97H=CB5B87CDM=B;5:H9F7CBHF57H5K5F85B89L97IH=CB 9L79DH:CF
GI7<C::9FGCFG97H=CBGH<9F9C:89H9FA=B98HC7CBH5=BDFCDF=9H5FMCF7CB:=89BH=5@=B:CFA5H=CB
6MH<9(::=79C:)FC7IF9A9BH,9FJ=79G":5BC::9FCF69@=9J9GH<5H=B:CFA5H=CB=B=HGC::9FCF
5BMF9GI@H=B;7CBHF57HG<CI@8BCH69F9@95G98=BF9GDCBG9HC5DI6@=7F97CF8F9EI9GH IB89F
F=NCB5 @5K H<9 C::9FCF G<5@@ =B8=75H9 H<9 GD97=:=7 =B:CFA5H=CB 899A98 7CB:=89BH=5@ CF
DFCDF=9H5FM5B8GI6A=H5GH5H9A9BHK=H<=HGC::9F89H5=@=B;H<9F95GCBGH<5HH<9=B:CFA5H=CB
G<CI@8BCH698=G7@CG98,I7<F95GCBGG<5@@=B7@I89H<9GD97=:=7<5FACFDF9>I8=79K<=7<
A5M5F=G9:FCA8=G7@CGIF9-<9F97CF8GA5B5;9FC:H<9(::=79C:)FC7IF9A9BH,9FJ=79G
G<5@@89H9FA=B9K<9H<9FH<9=89BH=:=98=B:CFA5H=CB=G7CB:=89BH=5@DIFGI5BHHCH<9&5F=7CD5
CIBHM)FC7IF9A9BHC89
"'- +-"('
-<=G 7CBHF57H F9DF9G9BHG H<9 9BH=F9 5B8 =BH9;F5H98 5;F99A9BH 69HK99B H<9 D5FH=9G 5B8
GID9FG989G
5@@
DF=CF
B9;CH=5H=CBG
DFCDCG5@G
7CAAIB=75H=CBG
IB89FGH5B8=B;G
F9DF9G9BH5H=CBG CF5;F99A9BHG K<9H<9FCF5@CFKF=HH9B 9LDF9GG98 CF=AD@=98
.'"(+&&"'",-+-"/+*."+&'-,
M9BH9F=B;=BHCH<=G7CBHF57H H<9CBHF57HCF5;F99GHC7CAD@MK=H<5@@5DD@=756@9DFCJ=G=CBG
C:
-=H@9
,I6H=H@9
<5DH9F
""
)5FH
R.'"(+&
&"'",-+-"/
+*."+&'-, (,-)+"'")%, '."-+*."+&'-,(++%
0+,7CBH5=B98=B-=H@9+O
(/+'"' %0
-<=G7CBHF57HG<5@@69;CJ9FB986MH<9@5KGC:H<9,H5H9C:F=NCB5/9BI9:CF5BM57H=CBG
CF @5KGI=HG =BJC@J=B; H<=G 7CBHF57H K=@@ 69 =B &5F=7CD5 CIBHM ,ID9F=CF CIFH )<C9B=L
F=NCB5
(+%(+
MGI6A=HH=B;56=8:CFH<=GGC@=7=H5H=CB5B8CF9BH9F=B;=BHC57CBHF57H5G5F9GI@HC:
H<=GGC@=7=H5H=CB 7CBHF57HCF5;F99GHC7CAD@MK=H<5@@5DD@=756@9DCFH=CBGC:F=NCB5
+9J=G98 ,H5HIH9G ,97H=CB
CBHF57H=B; DFC7IF9A9BH DFC<=6=H=CB KF=HH9B
79FH=:=75H=CBF9A98MH9FA=B5H=CB9L79DH=CB89:=B=H=CBG
CBHF57HCF79FH=:=9GH<5H=H8C9GBCH7IFF9BH@M 5B85;F99G:CFH<98IF5H=CBC:H<9
7CBHF57H H<5H=HK=@@BCHIG9
-<9:CF798@56CFC:9H<B=7.M;<IFG=BH<9)9CD@9UG+9DI6@=7C:<=B5
BM;CC8GCFG9FJ=79GDFC8I7986MH<9:CF798@56CFC:9H<B=7.M;<IFG
=BH<9)9CD@9UG+9DI6@=7C:<=B5
BM7CBHF57HCFG GI67CBHF57HCFGCFGIDD@=9FGH<5HIG9H<9:CF798@56CFCF
5BM;CC8CFG9FJ=79GDFC8I7986MH<9:CF798@56CFC:9H<B=7.M;<IFG=B
H<9)9CD@9UG+9DI6@=7C:<=B5
":7CBHF57HCF697CA9G5K5F98IF=B;H<9H9FAC:H<95;F99A9BHH<5H7CBHF57HCF=G
BCH=B7CAD@=5B79K=H<H<=GD5F5;F5D< H<97CBHF57HCFG<5@@BCH=:MH<9CIBHMK=H<=B
:=J96IG=B9GG85MG5:H9F697CA=B;5K5F9C:H<9BCB7CAD@=5B79":H<97CBHF57HCF
:5=@GHCDFCJ=895KF=HH9B79FH=:=75H=CBHCH<9CIBHMH<5HH<97CBHF57HCF<5GF9A98=98
H<9BCB7CAD@=5B79K=H<=B
85MG5:H9FBCH=:M=B;H<9CIBHMC:=HGBCB7CAD@=5B79
H<9B H<9 5;F99A9BH H9FA=B5H9G 9L79DH H<5H =: H<9 5;F99A9BH H9FA=B5H=CB 85H9
C77IFG 69:CF9 H<9 9B8 H<9
85M D9F=C8 H<9 5;F99A9BH H9FA=B5H9G CB H<9
5;F99A9BHH9FA=B5H=CB85H9
)+",
CBHF57HCFK5FF5BHGH<5HDF=79G9LH9B898HCCIBHMIB89FH<=G7CBHF57H5F9BC<=;<9FH<5B
H<CG9D5=86M5BMCH<9F7IGHCA9F:CFH<9G9CFG=A=@5FG9FJ=79G
(++()+'
"B H<9 9J9BH C: 5 7CB:@=7H =B H<9 DFCJ=G=CBG C: H<=G 7CBHF57H 5B8 CBHF57HCFUG @=79BG9
5;F99A9BH =:5DD@=756@9 H<9H9FAGC:H<=G7CBHF57HG<5@@DF9J5=@
.'"*. '-"-2 "'-""+ ." ' ,2,-& (+ 0+ &' &'-
+ ",-+-"('
@@
7CBHF57HCFG
H<5H
F979=J9
:IB8=B;
AIGH
<5J9
5
."
BIA69F
H<FCI;<
<HHDGG5A;CJ7CBH9BH9BH=HM
F9;=GHF5H=CB CBHF57HCF AIGH 5@GC F9A5=B 7IFF9BH K=H< H<9
,MGH9A:CFK5F8&5B5;9A9BHKKKG5A;CJH<FCI;<CIHH<9H9FAC:H<97CBHF57H
+%" "(.,-"/"-",
-<97CBHF57HCF5;F99GH<5H7CGHG D@5BB98CF7@5=A98 =B7@I8=B;7CGHG=B7IFF98 G<5@@BCH
=B7@I895BM9LD9BG9:CF5BMF9@=;=CIG57H=J=HM
)(%"-"%-"/"-2)+(!""-
'CB9 C: H<9 :IB8G A5H9F=5@G DFCD9FHM CF G9FJ=79G 7CBHF=6IH98 6M H<9 CIBHM CF H<9
7CBHF57HCFIB89FH<95;F99A9BHG<5@@69IG98=BH<9D9F:CFA5B79C:H<=G5;F99A9BH:CF5BM
D5FH=G5BDC@=H=75@57H=J=HM CFHC:IFH<9FH<99@97H=CBCF89:95HC:5BM75B8=85H9:CFDI6@=7
C::=79
*.%&)%(2&'-())(+-.'"-2
-<9 7CBHF57HCF G<5@@ BCH 8=G7F=A=B5H9 5;5=BGH 5BM 9AD@CM99 CF 5DD@=75BH :CF
9AD@CMA9BH6975IG9C:F579 5;9 8=G56=@=HM 7C@CF F9@=;=CB G9L CFB5H=CB5@CF=;=B
-<97CBHF57HCFG<5@@H5?95::=FA5H=J957H=CBHC9BGIF95DD@=75BHG5F99AD@CM985B8
H<5H9AD@CM99G5F9HF95H988IF=B;9AD@CMA9BHK=H<CIHF9;5F8HCH<9=FF579 5;9
8=G56=@=HM 7C@CF F9@=;=CB G9L CFB5H=CB5@CF=;=B,I7<57H=CBG<5@@=B7@I896IH=GBCH
@=A=H98HCH<9:C@@CK=B;9AD@CMA9BH ID;F58=B; 89ACH=CBCFHF5BG:9F F97FI=HA9BH
CFF97FI=HA9BH58J9FH=G=B; @5M
C::CFH9FA=B5H=CB F5H9GC:D5MCFCH<9F:CFAGC:
7CAD9BG5H=CB 5B8G9@97H=CB:CFHF5=B=B; =B7@I8=B;5DDF9BH=79G<=D
CBHF57HCFG<5@@7CAD@MK=H<H<9:C@@CK=B;DFCJ=G=CBG
-=H@9/"5B8/""C:H<9=J=@+=;<HG7HC: 5G5A9B898.,
OO
5 9HG9E
-<9+9<56=@=H5H=CB7HC: 5G5A9B898.,OO
9HG9E
-<9 ;9 =G7F=A=B5H=CB =B AD@CMA9BH 7H C: 5G 5A9B898
.,OO 9HG9E
-<9A9F=75BG0=H<=G56=@=H=9G7HC:
.,OO
9H
G9E5B8F=NCB5L97IH=J9(F89F
5G5A9B898 9HG9EK<=7<
A5B85H9G H<5H 5@@ D9FGCBG G<5@@ <5J9 9EI5@ 5779GG HC 9AD@CMA9BH
CDDCFHIB=H=9G
CBHF57HCF IB89FGH5B8G H<5H H<9 .B=H98 ,H5H9G <5G H<9 F=;<H HC G99?
>I8=7=5@9B:CF79A9BHC:H<=G5GGIF5B79
+-""-"('+ +"' %(2"'
CBHF57HCF79FH=:=9G HCH<969GHC:H<9=F?BCK@98;95B869@=9: H<5H
'C:989F5@5DDFCDF=5H98:IB8G<5J9699BD5=8CFK=@@69D5=8 6MCFCB
69<5@:C:H<97CBHF57HCF HC5BMD9FGCB:CF=B:@I9B7=B;CF5HH9ADH=B;HC
=B:@I9B79 5B C::=79F CF 9AD@CM99 C: 5BM 5;9B7M -<=G 5DD@=9G HC 5
&9A69F C: CB;F9GG 5B C::=79F CF 9AD@CM99 C: CB;F9GG CF 5B
9AD@CM99C:5&9A69FC:CB;F9GG=B7CBB97H=CBK=H<H<95K5F8=B;C:
5BM :989F5@ 7CBHF57H H<9 A5?=B; C: 5BM :989F5@ ;F5BH "B7@I8=B; H<9
A5?=B; C: 5BM :989F5@ @C5B H<9 9BH9F=B; =BHC C: 5BM 7CCD9F5H=J9
5;F99A9BH 5B8H<99LH9BG=CB 7CBH=BI5H=CB F9B9K5@ 5A9B8A9BH CF
AC8=:=75H=CB C: 5BM :989F5@ 7CBHF57H ;F5BH @C5B CF 7CCD9F5H=J9
5;F99A9BH
":5BM:IB8GCH<9FH<5B:989F5@5DDFCDF=5H98:IB8G <5J9699BD5=8CFK=@@69D5=8
HC5BMD9FGCB:CF=B:@I9B7=B;CF5HH9ADH=B;HC=B:@I9B795BC::=79FCF9AD@CM99C:
5BM 5;9B7M A9A69F C: CB;F9GG 5B C::=79F CF 9AD@CM99 C: CB;F9GG CF 5B
9AD@CM99C:5A9A69FC:CB;F9GG=B7CBB97H=CBK=H<H<=G:989F5@7CBHF57H ;F5BH
@C5B CF 7CCD9F5H=J9 5;F99A9BH H<9 IB89FG=;B98 G<5@@ 7CAD@9H9 5B8 GI6A=H
,H5B85F8CFA
%%% S=G7@CGIF9CFAHC+9DCFH%C66M=B; T=B577CF85B79K=H<=HG
=BGHFI7H=CBG
CBHF57HCFG<5@@=B7@I89%C66M=B;9FH=:=75H=CB@5B;I5;9=BH<95K5F88C7IA9BHG
:CF5@@GI67CBHF57HCFG=B7@I8=B;GI6
;F5BHG 5B87CBHF57HIB89F;F5BHG @C5BG 5B8
7CCD9F5H=J9 5;F99A9BHG 5B8 H<5H 5@@ GI6
F97=D=9BHG G<5@@ 79FH=:M 5B8 8=G7@CG9
577CF8=B;@M
-<9 %C66M=B; 9FH=:=75H=CB =G 5 A5H9F=5@ F9DF9G9BH5H=CB C: :57H IDCB
K<=7<F9@=5B79K5GD@5798K<9BH<=GHF5BG57H=CB=GA589CF9BH9F98=BHC
,I6A=GG=CBC:H<=G79FH=:=75H=CB=GDF9F9EI=G=H9:CFA5?=B;CF9BH9F=B;=BHC
H<=G HF5BG57H=CB =ADCG98 6M G97H=CB -=H@9 ., C89 BM
GI779GG:I@DFCDCG9FGK<C:5=@HC:=@9H<9F9EI=F9879FH=:=75H=CBG<5@@69
GI6>97HHC57=J=@D9B5@HMC:BCH@9GGH<5B
5B8BCHACF9H<5B
:CF957<GI7<:5=@IF9
%'"+-%'0-+-
CBHF57HCFAIGH7CAD@MK=H<5@@5DD@=756@9GH5B85F8G CF89FG CFF9EI=F9A9BHG=GGI98IB89F
G97H=CB
C:H<9@95B=F7H.,< G97H=CB
C:H<9@95B05H9F7H
., L97IH=J9 (F89F 5B8 BJ=FCBA9BH5@ )FCH97H=CB ;9B7M
F9;I@5H=CBG
+D5FH
'+ 2)(%"2'(',+/-"('-
CBHF57HCFAIGH58<9F9HCH<9GH5B85F8G5B8DC@=7=9GF9@5H=B;HC9B9F;M9::=7=9B7M K<=7<
5F97CBH5=B98=BH<9,H5H99B9F;M7CBG9FJ5H=CBD@5B=GGI98=B7CAD@=5B79K=H<H<9B9F;M
)C@=7M5B8CBG9FJ5H=CB7H)I6%
,H5H
-,$(++,
-<9CIBHMF9G9FJ9GH<9F=;<HHCG9@97H5BM7CBHF57HCFIB89FH<=G7CBHF57H:CF-5G?(F89FG
IB89F
K=H<CIH7CAD@9H=CBC:5BMCH<9FDFC7IF9A9BH57H=CBK<9BH<9)FC7IF9A9BH
(::=79F89H9FA=B9GH<5H=H=G=BH<9CIBHMUG69GH=BH9F9GH/9B8CFGF979=J=B;5B5K5F8IB89F
H<=G7CBHF57HK=@@69BCH=:=98C:F9EI=F9A9BHGJ5@I98CJ9F
5B8H<9MK=@@69;=J9B
H=A9HCF9GDCB8HCH<9-5G?(F89FK=H<H<9=FDFCDCG98KCF?D@5B GH5::5B8DF=79-<9
J9B8CFH<5H69GHA99HGH<9B998C:H<97CIBHMK=@@695K5F898H<9-5G?(F89F
"'(+)(+-"('((.&'-,
-<9:C@@CK=B;5F9HC695HH57<98HC5B8A589D5FHC:H<=GCBHF57H
L<=6=HQ/9B8CF"B:CFA5H=CB
L<=6=H
99,7<98I@9
L<=6=HQ,7CD9C:0CF?
L<=6=HQ(::=79C:)FC7IF9A9BH,9FJ=79GCBHF57HCF-F5J9@5B8)9F
=9A)C@=7M
'(-",
@@BCH=79G;=J9BDIFGI5BHHCH<9H9FAGC:H<=G7CBHF57HG<5@@69588F9GG98HC
CFCIBHM
&5F=7CD5CIBHM
(::=79C:)FC7IF9A9BH,9FJ=79G
0#9::9FGCB,H,I=H9
)<C9B=L F=NCB5
CFCBHF57HCF
"'*."+",
"BEI=F=9G7CB79FB=B;=B:CFA5H=CB<9F9=BAIGH69GI6A=HH98DF=CFHCH<9EI9GH=CB
8958@=B985H9H=A9DCGH98=BH<99
DFC7IF9A9BHD@5H:CFA )9F=G7CD9, IG=B;
H<9@=B?=BH<9S*TH56
8A=B=GHF5H=J9H9@9D<CB99A5=@=BEI=F=9GG<5@@69588F9GG98HC
%0+'+.,,%% )+(.+&'-("+
-%)!('
%5KF9B79+IGG9@@A5F=7CD5;CJ
"BEI=F=9GA5M69GI6A=HH986MH9@9D<CB96IHAIGH69:C@@CK98ID=BKF=H=B;'C
CF5@7CAAIB=75H=CB=G6=B8=B;CB&5F=7CD5CIBHM
.-!(+"3," '-.+
)+"'-'&'-"-%
+,,
-
"
!"+&' (+(,.)+/",(+,-
--,-
%+$(-!(+-
))+(/,-((+&
).-2(.'-2--(+'2-
Aimee Sitzler, CEO
610 E Bell Rd. Suite 2-594, Phoenix AZ 85022
02/01/24
!
#++(---%)$'("',
$&&!!& ')**(.
(&)'2'&
,**1+(05))(#+$&,+/1)0(+'
("' .,"',,,865
,**1+(05))(#+$&,+/1)0(+'
&"%"' +,,
&))%1(0&
+&"--(+,,
&))%1(0&
-%)!(''.&+
1'.&+
+#
000+,,
333$,**1+(05#))(#+$$,*
+)+,'--"/'&
(*&&(06)&.
+)+,'--"/-%)!('
'.&+
+)+,'--"/&"%
+,,
#(*&&
$,**1+(05#))(#+$$,*
"
0"%%%%(0(-!+ (/+'&'-%
'-"-",-().+!,+(&-!",
('-+-
0"%%)-)+(.+&'-+(+
)2&'-
$#&&%$! %"
'-
2,
'-2,
2,'-
2,
'-2,
'-
2,
2,'-2,
'-
2,
'-
2,
2,'-2,
'-
2,
2,'-
2,
2,'-
2,
!
$#
#"
"!
!" )
31172/6800/+2,-325706/2.
! &$ $$$
)-+4
"# "
** ****
***
***
******* "#!&#
$ !#! $&% %
**
*****
***
****
******* "#!&#
% )$%
*** ****
**** ***
******* "#!&#
! $&% %$&%%%#("#%
#$"'!" %
**
*****
***
****
******* "#!&#
!"#%! &%&#
** *****
*** ****
******* "#!&#
& #$!&#$
*** ****
**** ***
******* "#!&#
%# '!" %
***
****
***
****
******* "#!&#
%# #
**
****
***
****
******* "#!&#
%%!#
**
*****
***
****
******* "#!&#
$%#%'
*** ****
*** ****
******* "#!&#
!%#
*******
*******
******* "#!&#
(" $$ # $%#%'& %! $
!
.,-,/#)
4&$10(2&1**#.5
CAAIB=HM@@=5B79CBGI@H=B;=G5BF=NCB5
65G98 KCA5B
CKB98GA5@@6IG=B9GGDFCJ=8=B;
GHF5H9;=77CBGI@H=B; HF5=B=B; :57=@=H5H=CB 5B89J5@I5H=CBF9G95F7<CAAIB=HM@@=5B79D5FHB9FGK=H<
5;9B7MGH5::5H5@@@9J9@G :FCA:FCBH
@=B98=F97HG9FJ=79HC9L97IH=J9H95AGCFA98=B
<5G
KCF?98K=H<GH5H9 7CIBHM 5B8AIB=7=D5@;CJ9FBA9BHG 5GK9@@5GBCB
DFC:=HGGA5@@5B8@5F;9 5B8
7CFDCF5H9:CIB85H=CBG)FC>97HG7CAD@9H986M<5J99B7CAD5GG98H<9G97HCFGC:DI6@=7<95@H< H<9
5FHG 7CAAIB=HM6I=@8=B; 5B87C5@=H=CB89J9@CDA9BH
DFCDCG9GHCA99HH<97CBGI@H5H=CBB998GC:&5F=7CD5CIBHM;CJ9FBA9BH5@8=J=G=CBG 89D5FHA9BHG
5B8C::=79GH<FCI;<H<989@=J9FMC:H<9:C@@CK=B;G9FJ=79G
%9589FG<=D89J9@CDA9BH
:C7IG9GCB89J9@CD=B;@9589FG5H5@@@9J9@GH<FCI;<CIHH<9
CF;5B=N5H=CB
(F;5B=N5H=CB5@5B5@MG=G5B8DFC79GG=ADFCJ9A9BH
-<FCI;<5BCF;5B=7 =H9F5H=J9:998657?@CCD
K=@@;I=89;FCIDGH<FCI;<H<9GHFI7HIF5@=ADFCJ9A9BHC:85=@MCD9F5H=CBG5B89L97IH=J9
:IB7H=CBG
&5B5;9A9BH5B8GID9FJ=G=CBHF5=B=B;
0=H<9LH9BG=J99LD9F=9B79=B89G=;B=B;DFC:9GG=CB5@
89J9@CDA9BH7IFF=7I@5 75BCF7<9GHF5H9CF89@=J9F577CF8=B;HCMCIFCF;5B=N5H=CBUGB998G
,I779GG=CBD@5BB=B;QK=@@KCF?K=H<@9589FGHC=89BH=:M7F=H=75@FC@9G5B889J9@CDGHF5H9;=9G
:CFH<9CF;5B=N5H=CBHC89J9@CDH<9B9LHK5J9C:@9589FG
C57<=B;
H5?9G=B8=J=8I5@GCFH95AGH<FCI;<7IGHCA=N987C57<=B;G9GG=CBGHC9B<5B79
7CB:=89B79 =ADFCJ97CAAIB=75H=CB 5B8=ADFCJ9KCF?D9F:CFA5B79
5@GCDFCDCG9GHCC::9FCH<9F7CBGI@H=B;G9FJ=79G=BH<95F95GC:B9HKCF?CF7C5@=H=CB89J9@CDA9BH
7CBH=BICIGEI5@=HM=ADFCJ9A9BH DFC;F5AA9HF=7G 9J5@I5H=CB :57=@=H5H=CB GHF5H9;=7D@5BB=B; DC@=7M5B8
DFC798IF989J9@CDA9BH 8=J9FG=HM5B8=B7@IG=CB DFC;F5AD@5BB=B; 9A9F;9B7MDF9D5F98B9GG F9GDCBG9
5B8A=H=;5H=CB 7F=A=B5@>IGH=79F9:CFA ;F5BHKF=H=B; ACH=J5H=CB5@=BH9FJ=9K=B; 7CAD5GG=CB:5H=;I9 J9F65@
89
9G75@5H=CB5B87F=G=G
,=B79
<5GC::9F98<=;<EI5@=HMGHF5H9;=77CBGI@H=B;G9FJ=79GHCA5BMC:&5F=7CD5CIBHMUG
89D5FHA9BHG5B88=J=G=CBG=B7@I8=B;9D5FHA9BHC:)I6@=7!95@H<(::=79C:CAAIB=HMADCK9FA9BH
CAAIB=HM7H=CB)FC;F5AG5B8!IA5B,9FJ=79G=J=G=CB5F@M8I75H=CB(IFH95AG<5J9DFCJ=898
&5F=7CD5CIBHMK=H<5F5B;9C:DFC:9GG=CB5@89J9@CDA9BH HF5=B=B; 5B87CBGI@H=B;GIDDCFH=BH<95F95G
C:GHF5H9;=7D@5BB=B; ;F5BHKF=H=B; 9J5@I5H=CB AI@H=
G97HCF7C@@56CF5H=CBG 5B8:57=@=H5H=CB
57<C:UG9@9J9BH95AA9A69FGC::9F8=J9FG95F95GC:9LD9FH=G9K=H<657?;FCIB8G=BDI6@=7<95@H<
95F@M7<=@8<CC8 GC7=5@KCF? @9589FG<=D89J9@CDA9BH BIHF=H=CB EI5@=HM=ADFCJ9A9BH 5B8DFC;F5A
9J5@I5H=CB&CGHH95AA9A69FG5F99=H<9F;F58I5H9CF8C7HCF5H989;F99@9J9@DFC:9GG=CB5@G
IFH<9FACF9 H95AA9A69FG<5J99LH9BG=J9<=GHCFMC:9B;5;9A9BHK=H<;CJ9FBA9BHGMGH9AG5B8
D@5BB=B;CJ9FH<97CIFG9C:H<9@5GH89758957<H95AA9A69F<=;<@=;<HG58=::9F9BHD9FGD97H=J95B8
HMD9C:9LD9FH=G9 C::9F=B;57CAD@9H9D57?5;9
.,'.#*/#+%&.2($&/.,-,/&%
CAAIB=HM@@=5B79CBGI@H=B; 5KCA5B
CKB98GA5@@6IG=B9GGGD97=5@=N=B;=BDFC:9GG=CB5@
89J9@CDA9BH :57=@=H5H=CB 5B89J5@I5H=CB =GD@95G98HCGI6A=HH<=GDFCDCG5@HC&5F=7CD5CIBHM:CF
,HF5H9;=7CBGI@H=B;,9FJ=79GK=G<9GHCDFCJ=8956FC58F5B;9C:GHF5H9;=77CBGI@H=B;G9FJ=79GHC
H<9J5F=CIG8=J=G=CBGC:H<9&5F=7CD5CIBHM;CJ9FBA9BH5@GMGH9A)FCDCG9869@CK5F9G9J9F5@
A9H<C8C@C;=9GC::9F986MIB89FH<9G7CD9C:H<=G+9EI9GH:CF)FCDCG5@GG=;B=:=75BHDFCDCFH=CBC:
G9FJ=79GC::9F986MG9FJ9HCA99HCF;5B=N5H=CB5@B998GF9@5H98HCA5B5;9A9BH5B8GHF5H9;=7
8=F97H=CB
%+,!")/%()&'-
-<9H95A<5G9LD9F=9B79=BGD=F=B; ACH=J5H=B; 5B8
89J9@CD=B;@9589FGHC57H=CBK=H<=BCF;5B=N5H=CBG%9589FG<=DG?=@@G9HG89J9@CD98=B7@I896IH5F9BCH
@=A=H98HC7CAAIB=75H=CB 56=@=HMHCACH=J5H9CH<9FG 897=G=CBA5?=B; 5B8577CIBH56=@=HMKCF?G
5@CB;G=89@9589FGHC=89BH=:MH<9F95@=GGI9GH<5H5BCF;5B=N5H=CB:579G5B8=89BH=:=9GH<9@9589FG<=DG?=@@G
H<5HK=@@;9B9F5H9H<96=;;9GH=AD57HHCH<9CF;5B=N5H=CB<9@DG7@95F@M5FH=7I@5H9H<9A=B8G9H5B8
69<5J=CFGH<5HMCIFCF;5B=N5H=CBF9EI=F9GC:=HG@9589FG5B8A5B5;9FGFCAH<9F9 89G=;BG
DFC;F5AGCF7IGHCA=N99L=GH=B;CB9G5B8=B8=J=8I5@57H=CBD@5BGHC588F9GGH<9GD97=:=77<5B;9GH<5H
5F9B99898HCDFCD9@MCIFCF;5B=N5H=CB:CFK5F8
(+ '"3-"('%'%2,",')+(,,"&)+(/&'-
K=@@9J5@I5H9H<9GI779GG
5B8:IB7H=CB5@=HMC:5BCF;5B=N5H=CB5@9BH=HMCFKCF?:CF79-<=G=B7@I89GH<9A5DD=B;C:CF;5B=N5H=CB5@
DFC79GG9G 5B85B5@MG=G5B8HF57?=B;C:CF;5B=N5H=CB5@DFC798IF9G5B8DFC798IF5@:=89@=HMK=@@
89J9@CDDFC79GG=ADFCJ9A9BHC6>97H=J9G 5GK9@@5GD5FHB9FK=H<H<99BH=HMCFDFC;F5AHC89G=;B
DFC798IF9G:CFA95GIF9A9BH5B89J5@I5H=CB-<9=BJ9GH=;5H=CB5B8F97CAA9B85H=CBGA5M=B7@I89H<9
=89BH=:=75H=CBC:FCCH75IG9G5B8DC=BHGC:GMGH9A5H=7:5=@IF9,C@IH=CBGK=@@69DFCDCG985B87C
7F95H98
K=H<CF;5B=N5H=CB5@CFDFC;F5AH95AA9A69FG
&' &'-',.)+/","('-+"'"'
-<9H95A<5G9LD9F=9B797IGHCA7F95H=B;
5B8DFC7IF=B;DFC:9GG=CB5@89J9@CDA9BH7CBH9BH-<9G957H=J=H=9G=B7@I8989J9@CD=B;DFC:9GG=CB5@
89J9@CDA9BH75@9B85FG GIFJ9MC:CF;5B=N5H=CB5@5B8=B8=J=8I5@DF9:9F9B79G 5B87FCGG
F9:9F9B7=B;
DF9:9F9B79GK=H<DF9J=CIG@M=89BH=:=9889D5FHA9BH5@B998G5B85GG9HG-<=G=B:CFA5H=CB=GIG98HCDF9G9BH
5HF5=B=B;A9BIH<5HA99HGH<9@C;=GH=75@5B8DFC:9GG=CB5@B998GC:H<95I8=9B79&I@H=D@9@95FB=B;AC89G
5F9C::9F98 =B7@I8=B;KCF?G<CDG @97HIF9G ;FCID8=G7IGG=CBG 75G9GHI8=9G 5B8G?=@@DF57H=79G
,.,,"(')%''"' QKCF?GK=H<@9589FG<=DHC=89BH=:M?9M5F95G5B8DCG=H=CBG7F=H=75@
HC5BCF;5B=N5H=CBH<5H@9:HIB:=@@98KCI@869DCH9BH=5@@M89HF=A9BH5@HCH<97IFF9BH5B8:IHIF96IG=B9GG
H<9BKCF?GHC=89BH=:MH<9B979GG5FM75D56=@=H=9G:CFH<9G9?9MDCG=H=CBG5B85GG=GHG@9589FG=B
=89BH=:M=B;?9M89J9@CDA9BH5B8HF5=B=B;5F95G:CFDCH9BH=5@@9589FG+97CAA9B89857H=CBD@5BG:CF
HF5=B=B;5B8G?=@@89J9@CDA9BH5F9DIHHC;9H<9F:CFDCG=H=CBG5B8GHF5H9;=9G5F989J9@CD98HC5GG=GH7IFF9BH
@9589FGK=H<=B7CFDCF5H=B;9AD@CM99@95FB=B;D@5BG DFCACH=CB5@DFC79GG9G 5B8GHF5H9;=9G:CF?BCK@98;9
HF5BG:9FH<9BKCF?GK=H<CF;5B=N5H=CBGHC89J9@CD9J5@I5H=CBGHF5H9;=9G:CFH<9=FGI779GG=CBD@5BG
(!"'
C::9FG7C57<=B;G9FJ=79GHCA=88@9 G9B=CF5B89L97IH=J9@9J9@GH5::HC89J9@CD
@9589FG<=D75D57=HMHCGIDDCFH9::97H=J9H95A6I=@8=B; D9F:CFA5B79A5B5;9A9BH 5B8CF;5B=N5H=CB5@
9::97H=J9B9GGH5?9G=B8=J=8I5@GH<FCI;<CB9
CB
CB97IGHCA=N987C57<=B;G9GG=CBGHC9B<5B79
7CB:=89B79 =ADFCJ97CAAIB=75H=CB 5B8=ADFCJ9KCF?D9F:CFA5B79:CF=B8=J=8I5@GC57<=B;75B5@GC
698CB9CB5H95A@9J9@HC5GG=GHH95AGH<5H5F9GHFI;;@=B;HC:=B8H<9=F:CCH=B;=BKCF?=B;HC;9H<9F
-<9:=FGH:=J9=H9AGC::9F98H<FCI;<H<9G7CD9C:KCF?5F9=H9AG9LD@=7=H@MGCI;<H5:H9F6MH<9+)
<5G9LH9BG=J99LD9F=9B79KCF?=B;=BH<9G95F95G-<9F9A5=B=B;=H9AGDFCDCG98K9F9BCH9LD@=7=H@M
B5A98=BH<9+) <CK9J9F5@@588=H=CB5@G9FJ=79GDFCDCG985F9F9@5H985B8KCF?=BH5B89AK=H<H<9
CH<9FGHF5H9;=77CBGI@H5H=J9G9FJ=79GGCI;<H6M&5F=7CD5CIBHM&5BMGHF5H9;=9G5B8G9FJ=79G5F9
=BH9FKCJ9B 5B8G9@97H989@9A9BHGC:CB9GHF5H9;MA5MCJ9F@5DK=H<5BCH<9F"H=GUG=BH9BH=CBHCC::9F
H<9CIBHM5:I@@A9BIC:G9FJ=79GDFCDCG986M5G89G7F=698=BH<9:C@@CK=B;@=GH
(-!+(',.%-"' ,+/",
'-0(+$(+(%"-"('/%()&'-
K=@@:57=@=H5H95B8D@5BH<989J9@CDA9BH
@5IB7< F97FI=HA9BH A5B5;9A9BH 5B89J5@I5H=CBC:AI@H=
G97HCF7C@@56CF5H=J99::CFHGGI7<5G
7C5@=H=CBG B9HKCF?G CFCH<9FDFC:9GG=CB5@;FCIDG"B7@I89G;I=85B79H<FCI;<5BBI5@GHF5H9;=7
D@5BB=B;5GK9@@5G89J9@CD=B;;CJ9FB5B79GHFI7HIF9G5B8CF;5B=N5H=CB5@DFC798IF9G75B
D5FHB9FK=H<89D5FHA9BHG5B8CF;5B=N5H=CBG:CF5BM@9B;H<C:H=A9HCCF7<9GHF5H9H<99BH=F9AI@H=
M95FDFC79GG CFGH9D=B:CF5G<CFH9F :=B=H95ACIBHC:H=A9:FCA5:9KACBH<GHCCB9M95FHC
:C7IGCBACF9@=A=H985GD97HGC:CF;5B=N5H=CB5@89J9@CDA9BH F5H<9FH<5BH<99BH=F9GD97HFIAC:
57H=J=H=9G
('-"'.(.,*.%"-2"&)+(/&'-'$2)+(+&'&-+",
*I5@=HM
=ADFCJ9A9BHA9H<C8G5F9GD97=:=7HC957<89D5FHA9BHK=@@@958A9A69FGH<FCI;<5
DFC79GGHC897=89CBH<9ACGH7F=H=75@A9HF=7G:CF5B5@MG=G5B889H9FA=B985H57C@@97H=CB
DFC798IF9GH957<9GCF;5B=N5H=CBG5B8@9589FG<CK5B8K<MHCIG957CBH=BICIG:998657?
@CCD5B8F9@MCB85H5HC58>IGH5B8=ADFCJ9CD9F5H=CBG
/%.-"('
K=@@KCF?K=H<CF;5B=N5H=CBG5B8@9589FGHC89G=;B5A95B=B;:I@9J5@I5H=CB
D@5B H<989J9@CDA9BHC:DFC;F5AC6>97H=J9G 5B8H<99L97IH=CB5B85DD@=75H=CBC:9J5@I5H=B;
DFC;F5AG GMGH9AG 7C@@56CF5H=CBG CFB9HKCF?G(IHDIHGK=@@=B7@I89F97CAA9B85H=CBG:CFH<9
DFC;F5A89G=;B 5DFC;F5ACFGHF5H9;M@C;=7AC89@ 5B87CBG=89F5H=CBC:9LH9FB5@:CF79G
5@GCC::9FGCB9
HC
:CIF
D5FHDFC:9GG=CB5@89J9@CDA9BHKCF?G<CDG:CFD5FH=7=D5BHGHC89G=;B
5B89L97IH99J5@I5H=CBG:CFH<9=FDFC;F5AG-<9AC8I@9G75B69:C7IG98GD97=:=75@@MCB
DFC;F5AG5B8C::9FDF57H=75@9J5@I5H=CB89G=;B5B85B5@MG=G75B5@GCHF5=B89D5FHA9BHGCF
C::=79G=BH<9A9H<C8GC::C7IG;FCID:57=@=H5H=CB 7CAAIB=HM@=GH9B=B;G9GG=CBG GIFJ9M89G=;B
5B8?9M=B:CFA5BH=BH9FJ=9K-<9HF5=B=B;K=@@69H5=@CF98HCH<99L57H7@=9BHUGB998G
"%"--"('
75B:57=@=H5H97CAAIB=HMG9GG=CBG:CF5BMDIFDCG9 =B5G9F=9GCF5:=B=H9
:5G<=CB GI7<5GDI6@=7A99H=B;G 58JC757M;FCIDG GH5::A99H=B;G H95A6I=@8=B;F9HF95HG :C7IG
;FCIDG 5B8ACF9<5G9LH9BG=J99LD9F=9B79IG=B;8=::9F9BH:57=@=H5H=J9A9H<C8G GI7<5G
H<CG989G=;B98=B+9GI@HG5G98%9589FG<=D CAAIB=HM5G98)5FH=7=D5HCFM+9G95F7<5B8
C@@97H=J9"AD57H 5B8IG9GH<9AG95A@9GG@MHCACH=J5H9;FCIDGHC57<=9J9DFC>97H;C5@G
5@GCC::9FGHF5=B=B;=B:57=@=H5H=CBA9H<C8G-<=GCB9
HC
H<F99
D5FHAC8I@9K=@@5@GC69
7IGHCA=N98HCH<97@=9BHUGB998G K<9H<9FH<9MK5BH;9B9F5@HF5=B=B; HF5=B=B;HCA99H5GD97=:=7
;C5@ CFHF5=B=B;=B5GD97=:=7:57=@=H5H=CB5DDFC57<
,-+- ")%''"'
9L79@G=BDFCJ=8=B;5B9B;5;=B; :IB 5B8DF57H=75@GHF5H9;=7
D@5BB=B;G9GG=CB-<=GA5M69:CF5BBI5@D@5BB=B; CB;C=B;D9F:CFA5B79A5B5;9A9BH CF:CFH<9
89J9@CDA9BHC:5B9KDFC;F5ACF7CB79DH,HF5H9;=7D@5BB=B;A5M69J=G=CB5FMCFCD9F5H=CB5@=B
B5HIF9 H5=@CF98HCH<9B998GC:H<9CF;5B=N5H=CB,HF5H9;=7D@5BB=B;G9GG=CBGA5M5@GC69
7CA6=B98K=H<DFC:9GG=CB5@F9HF95HGHM@9D9FGCB5@5B8H95A89J9@CDA9BH57H=J=H=9G =:F9EI9GH98
-<9:=B5@GHF5H9;=7D@5B=G89G=;B98HC69A95GIF56@9
)(%"2')+(.+/%()&'-QK=@@KCF?K=H<CF;5B=N5H=CBGHC89J9@CD
DC@=7M5B8DFC798IF9GK<9F9B99898HC9BGIF97CBH=BI=HMK<9B=89BH=:=98:5=@IF9DC=BHG5B8
89:=7=9B7=9G5F98=G7CJ9F98
"/+,"-2'"'%.,"('
C::9FGH97<B=75@5GG=GH5B79=B8=J9FG=HM 9EI=HM 5B8=B7@IG=CB
HCGH5::G9FJ=B;JI@B9F56@9DCDI@5H=CBG=B7@I8=B;7<=@8F9B MCIH< G9B=CFG % -*"7@=9BHG
=AA=;F5BHG H<98=G56@98 5B88=GDFCDCFH=CB5H9@MF9DF9G9BH98D9CD@9C:7C@CF-<9G957H=J=H=9G
=B7@I89DFCJ=G=CBC:7IGHCA=N98HF5=B=B;F9GCIF79G DF=J5H9K96=B5FG =B
D9FGCBA99H=B;G ;FCID
@=GH9B=B;G9GG=CBG 5B87CB:9F9B79KCF?G<CDG75B@9585GG9GGA9BHG5B8DC@=7MCFDFC;F5A
89J9@CDA9BH65G98CBCF;5B=N5H=CB5@:=B8=B;G5B8B998GHC588F9GGH<9IB=EI9GHF9B;H<G5B8
B998GC:A9A69FGC::989F5@-=H@9/""QDFCH97H987@5GG9G
5@GCC::9FG5:=B9
HIB98CB9
HC
H<F99
D5FHAC8I@956CIHI@HIF5@!IA=@=HMH<5H;9HGHCH<9FCCH
C:=J9FG=HM5B8"B7@IG=CB9::CFHG.G=B;HCC@G:FCA,H5B:CF85B8CH<9FB5H=CB5@@MF9DIH56@9
GCIF79G 7CIFG9D5FH=7=D5BHG5F9@98H<FCI;<5>CIFB9MC:G9@:
8=G7CJ9FMH<5H9B8G=BH<956=@=HMHC
7I@H=J5H9ACF99AD5H<M5B85;F95H9F75D57=HM:CFG9FJ=795B8H95AKCF?-<=GAC8I@9=B7@I89G
DF=B7=D@9GC:6=5G5G5:CIB85H=CB-<9AC8I@9GA5M69:IFH<9FH5=@CF98HCA99H=B;H<9B998GC:
GD97=:=75I8=9B79G
)+( +&)%''"'
C::9FG5DFC;F5AD@5BB=B;AC8I@9H<5H75B5@GC69G75@98:FCA
CB9HC:CIFG9GG=CBG)5FH=7=D5BHGK=@@@95FB5B8CF9L97IH95@@H<9H<CI;<H:I@GH9DG=B7@I898=B
7F95H=B;CF@5IB7<=B;5B9KDFC;F5AD@5B-<=GDFC;F5AD@5B75B69IG98CD9F5H=CB5@@M CFK<9B
G99?=B;:IB8=B;
+'-0+"-"'
F5BHKF=H=B;KCF?G<CDG5F9C::9F985H5F5B;9C:HKCHCG=L<CIFGHCH5@ 5H
5BM@9J9@:FCA@5M5I8=9B79GHC;F58I5H9@9J9@57589A=7G%95FBH<9D=979GC:5GG9A6@=B;5
;F5BH 5B8<CKHCDFCDCG95B=895H<FCI;<H<9HMD=75@:F5A9KCF?
&+ '2)+)+',, +,)(', +(/+2'&"-" -"('
F95H958I@H
@95FB=B;9BJ=FCBA9BHGHC<9@D89J9@CD F9J=G9 5B87CBH=BI5@@M=ADFCJ99A9F;9B7MD@5BG5B8CF
HF5=B=B;DFC;F5AG:CF7F=G=G=B7=89BHG @5F;9
G75@98=G5GH9FGGI7<5GH<CG9F9GI@H=B;:FCAB5HIF5@
8=G5GH9FG CF9J9BHGF9EI=F=B;G=;B=:=75BH9A9F;9B7MF9GDCBG95B8F97CJ9FM9::CFHG
+"&"'%#.,-"+(+&
7CB8I7HGHF5=B=B; K96=B5FG @=GH9B=B;G9GG=CBG 5B8
F9HF95HGCB=GGI9GC:>IGH=79F9:CFA DC@=79577CIBH56=@=HM 5B8DFCG97IHCF=5@8=G7F9H=CB5@GC
89@=J9FG75D57=HM
6I=@8=B;GIDDCFH HF5=B=B; 5B88=F97H57H=CBCBF=;<HGF9GHCF5H=CB 7@9A9B7M 5B8
F99BHFM75B5@GCHF5=BCBDFCHC7C@G:CFH<9GIDDCFH5B87CCF8=B5H=CBC:F9GCIF79GHC
=B75F79F5H98:CFA9F@M=B75F79F5H98=B8=J=8I5@G5B8H<9=F:5A=@=9G
&(-"/-"('%"'-+/"0"' &"
#)"(#"'"(&!(*"&""#(
&"&#&
&#)$' #")$&*'#""#&+"#&!"(&""
#(*'" ),$ #&("%)'*")'(* -"(-(#)&
#!$#""('#/$&(0"(-'(&('#&'# (""( "(-+-'(#
&'$#"(#')'("( #&! -"#+"' "(1&''("2
(&),,"('-" .
-F5=B=B;C6>97H=J9G=B7@I89
"#!$''#"()"#+(
& ('(#(("'#&' ($#$) (#"#".'"'"($-' '-!$(#!'
''#(+(#!$''#"()"'#"''''!"(' '(' &($'"')''
#$"' '"#!+#&
/+%
,%-"(''+",",
-F5=B=B;C6>97H=J9G=B7@I89
')''""(
#"$(#*& ' (#"&"'(&('(#&)(&'#'()(#"'#!"
"&#)'$$ -*& ' (#"("%)'"&'# )(#"'(&('-)'"
(*#!!)"(#"' '
-MD=75@@M K<9B5B9K7CBHF57H=GDFCDCG98 KCF?GK=H<H<989D5FHA9BH@9589FGHC89G=;B5GD97=:=7
G7CD9C:KCF?:CFH<9DFC79GG5B8G9FJ=79GB998985@GCKCF?GK=H<H<9CIBHM89D5FHA9BH
F9EI9GH=B;H<9-5G?(F89F:CF5DDFCJ5@C:5@@DFC;F5AG HF5=B=B; 5B8DFC79GG9GIG98G5DFCDCB9BHC:
CAAIB=HM5G98)5FH=7=D5HCFMA9H<C8G 9L79@G=BA99H=B;957<7@=9BHK<9F9H<9M5F9 5B8
89G=;B=B;5IB=EI9A9BIC:G9FJ=79GH<5H:=HH<96I8;9H5B8;C5@GC:H<989D5FHA9BHCFDFC;F5A
7CAA=HGHC89@=J9F=B;5@@D@5BG F97CAA9B85H=CBG GC@IH=CBG 5B8DFC79GG9GHCH<9CIBHM
89D5FHA9BH=BH<95;F998:CFA5H5B8H=A9:F5A9-<9BIA69FC:A99H=B;GB979GG5FMK=@@6989D9B89BHCB
H<9=B8=J=8I5@DFC>97H;9B9F5@:F5A9KCF?5B8H=A9@=B9C:CB;C=B;A99H=B;GK=@@695;F998IDCBHCGI=H
957<DFC>97HK=@@69F9GDCBG=6@9:CF:57=@=H5H=B;5BMB979GG5FMA99H=B;G K<=7<A5M=B7@I89CIBHM
CFD5FHB9FGH5::HF5=B=B; 7C57<=B; DFC79GG=AD@9A9BH5H=CB5B8F9DCFH=B;5B8D@5BB=B;-<9HMD95B8
:F9EI9B7MC:A99H=B;GK=@@699GH56@=G<985B85;F998IDCB5GD5FHC:957<H5G?CF89F
@@7CBHF57H
F9@5H98HF5J9@D@5BG5B85FF5B;9A9BHGG<5@@69DF=CF
5DDFCJ986MH<9CIBHM7CBHF57H
58A=B=GHF5HCF
%C8;=B; D9F8=9A 5B8=B7=89BH5@9LD9BG9G=B7IFF98=BD9F:CFA5B79C:&5F=7CD5CIBHM,D97=5@
=GHF=7H CIBHM 7CBHF57HG G<5@@ 69 F9=A6IFG98 65G98 CB 7IFF9BH ., 9B9F5@ ,9FJ=79G
8A=B=GHF5H=CB ,8CA9GH=7D9F8=9AF5H9G:CF)<C9B=L F=NCB5CBHF57HCFGAIGH5779GGH<9
:C@@CK=B;=BH9FB9HG=H9HC89H9FA=B9F5H9GBC9L79DH=CBGKKK;G5;CJ
88=H=CB5@=B7=89BH5@9LD9BG9G=9 H9@9D<CB9 :5L =BH9FB9H 5B87CDM=B;7<5F;9GG<5@@
BCH69F9=A6IFG98-<9MG<CI@869=B7@I898=BH<97CBHF57HCFUG<CIF@MF5H95G5BCJ9F<958
7<5F;9
-<9CIBHMK=@@BCHIB89F5BM7=F7IAGH5B79GF9=A6IFG9:CF7CBHF57HCF;I9GH@C8;=B; D9F
8=9A CF=B7=89BH5@G
CAA9F7=5@5=FHF5J9@G<5@@69F9=A6IFG985G:C@@CKG
C57<5=F:5F9K=@@69F9=A6IFG986MH<9CIBHMIG=B9GG7@5GG5=F:5F9A5M695@@CK98
CB@MK<9BDF95DDFCJ98=BKF=H=B;6MH<9CIBHM7CBHF57H58A=B=GHF5HCF5G5F9GI@HC:H<9
6IG=B9GGB998GC:H<9CIBHMK<9BH<9F9=GBC@CK9F:5F95J5=@56@9
-<9@CK9GH8=F97H:@=;<H5=F:5F9F5H9:FCAH<97CBHF57HCFUG5GG=;B988IHMDCGHDF9
89:=B985H
H<9H=A9C:7CBHF57HG=;B=B;K=@@69F9=A6IFG98.B89FBC7=F7IAGH5B79GK=@@H<9CIBHM
F9=A6IFG9:CF5=F:5F9GF9@5H98HCHF5BGDCFH5H=CBHCCF:FCA5B5@H9FB5H9G=H9
-<9CIBHMK=@@BCHIB89F5BM7=F7IAGH5B79GF9=A6IFG9:CF7CBHF57HCF;I9GH7CAA9F7=5@
5=FHF5J9@
+9BH5@J9<=7@9GA5MCB@M69IG98=:GI7<IG9KCI@8F9GI@H=B5BCJ9F5@@F98I7H=CB=BH<9HCH5@7CGH
C:H<9HF=D BCH:CFH<9D9FGCB5@7CBJ9B=9B79C:H<9HF5J9@9F&I@H=D@9J9<=7@9G:CFH<9G5A9G9HC:
HF5J9@9FG:CFH<9G5A9HF5J9@D9F=C8K=@@BCH69D9FA=HH98K=H<CIHDF=CFKF=HH9B5DDFCJ5@6MH<9CIBHM
7CBHF57H58A=B=GHF5HCF
)IF7<5G9C:7CADF9<9BG=J95B87C@@=G=CB@=56=@=HM=BGIF5B79G<5@@695HH<99LD9BG9C:H<9
7CBHF57HCF-<9CIBHMK=@@BCHF9=A6IFG957CBHF57HCF=:H<97CBHF57HCF7<CCG9GHCDIF7<5G9
H<=G7CJ9F5;9
+9BH5@J9<=7@9G5F9F9GHF=7H98HCGI6
7CAD57H 7CAD57H CFA=8
G=N9G985BGIB@9GG5@5F;9F
J9<=7@9=GB979GG5FM:CF7CGH9::=7=9B7M8I9HCH<9BIA69FC:HF5J9@9FG'(-CBHF57HCFG
G<5@@C6H5=BDF9
5DDFCJ5@=BKF=H=B;:FCAH<9CIBHM7CBHF57H58A=B=GHF5HCFDF=CFHCF9BH5@C:
5@5F;9FJ9<=7@9
CIBHMK=@@F9=A6IFG9:CFD5F?=B;9LD9BG9G=::F99 DI6@=7D5F?=B;=GBCH5J5=@56@9K=H<=B5
F95GCB56@98=GH5B79C:H<9D@579C:CIBHM6IG=B9GG@@CDDCFHIB=H=9GAIGH699L<5IGH98
DF=CFHCG97IF=B;D5F?=B;H<5H=B7IFG7CGHG:CFH<9CIBHM(DDCFHIB=H=9GHC69F9J=9K985F9
H<9,! G<IHH@9G 9H7H<5H75BHF5BGDCFHH<97CBHF57HCFHC5B8:FCACIBHM6I=@8=B;GK=H<
A=B=A5@7CGHG
CIBHM K=@@ F9=A6IFG9 :CF H<9 @CK9GH F5H9 @CB;
H9FA IB7CJ9F98 7CJ9F98 CF 9B7@CG98
D5F?=B; K=@@ BCH 69 F9=A6IFG98 5=FDCFH D5F?=B; CB@M =: =H =G @9GG 9LD9BG=J9 H<5B G<IHH@9
G9FJ=79HC5B8:FCAH<95=FDCFH
-<9CIBHMK=@@BCHIB89F5BM7=F7IAGH5B79GF9=A6IFG9H<97CBHF57HCF:CF;I9GHJ9<=7@9
F9BH5@GCFCH<9F5BMHF5BGDCFH5H=CB7CGHG
CBHF57HCF=GF9GDCBG=6@9:CF5@@7CGHGBCH8=F97H@MF9@5H98HCH<9HF5J9@9L79DHH<CG9H<5H<5J9699B
DF9
5DDFCJ986MH<9CIBHM7CBHF57H58A=B=GHF5HCF-<9G97CGHG=B7@I89 6IH5F9BCH@=A=H98HC H<9
:C@@CK=B; =B
FCCA ACJ=9G J5@9H G9FJ=79 J5@9H D5F?=B; @5IB8FM G9FJ=79 7CGHG 5GGC7=5H98 K=H<
GHCF=B;@I;;5;95H5<CH9@ :I9@7CGHG5GGC7=5H98K=H<BCB
CIBHM57H=J=H=9G H=DGH<5H9L7998H<9D9F
8=9A 5@@CK5B79 <95@H< 7@I6 :99G 5B8 9BH9FH5=BA9BH 7CGHG @5=AG :CF IB5IH<CF=N98 HF5J9@
9LD9BG9GK=@@BCH69<CBCF985B85F9BCHF9=A6IFG56@9
-F5J9@5B8D9F8=9A9LD9BG9GG<5@@6975DD985HD9F79BHC:DFC>97HDF=79IB@9GGCH<9FK=G9
GD97=:=985B85DDFCJ986MH<9CIBHM=B=B8=J=8I5@7CBHF57HG
CBHF57HCFG<5@@DFCJ=89 IDCBF9EI9GHK=H<H<9=F=BJC=79G 7CD=9GC:F979=DHGGIDDCFH=B;HF5J9@
5B8D9F8=9A9LD9BG9G 5B8 =:5DD@=756@9 K=H<57CDMC:H<9KF=HH9B7CBG9BH=GGI986MH<9CIBHM
7CBHF57H58A=B=GHF5HCF'CHF5J9@5B8D9F8=9A9LD9BG9GG<5@@69D5=86MCIBHMK=H<CIH7CD=9GC:
H<9KF=HH9B7CBG9BH5G89G7F=698=BH<=GDC@=7M5B87CD=9GC:5@@F979=DHG