Descarga el informe completo en PDF haciendo clic aquí

Transcripción

Descarga el informe completo en PDF haciendo clic aquí
!"#$%&%'()(*'+(
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
),-./0(#,/.1,2('34,/,
!5,1(6,150/(+,7,-,(#,18,975:
&0187;(40(60-;7.,(<.28=7.9,>(
&;120?;(@.7098.A;>!
"#$#%&'(!)*!+,%&#-#.!/!)*0!1*'*-2(3(B58C(#80//,(&;770,(*,/,9.;(
"#$#%&'.!)*!4),-.-#5$!6.-#($.03(6,7D,(E071,14,(&,-F;(
"#$#%&'.!)*!7,0&,'.3(6,7.,1,(G,79H2(&=74;3,(
1#'*-&('!)*0!1*8.'&.9*$&(!:)9#$#%&'.&#;(!8.'.!0.!<'(%8*'#).)!=(-#.03(
I7590(6,9(6,2807(
1#'*-&('.!)*!0.!>$#).)!:)9#$#%&'.&#;.!4%8*-#.0!8.'.!0.!:&*$-#5$!/!
?*8.'.-#5$!@$&*A'.0!)*!0.%!BC-&#9.%3(
*,5/,(G,A.7.,(
(
1#'*-&('!D*$*'.0!
G;1:,/;(#J19C0:(G=-0:(
(
:%*%('*%!)*!0.!1#'*--#5$(
6,7.,(K--,(L.//2(
*,5/,('1470,(%/,(
(
@$;*%&#A.)('*%!)*0!D',8(!)*!"*9('#.!E#%&5'#-.M(
6,78C,(N53.,(I0//;O('147H2(#5J70:O(&H2,7(&,3,//07;O(E071J1((G;1P
:J/0:(#>!>O(%AJ1(Q7;:9;O(R0=1(S,/019.,O(6,7D,(S.98;7.,("7.30O(N53.,(
<07707,O(*,87.9.,(R.1,702O(*./,7(B.,T;O(B;47.U;("F7.-1VO(!02W2('3,4(
&;/;7,4;>(
((
@.7098;702($H91.9;2(
1#'*--#5$!8.'.!0.!7($%&',--#5$!)*!0.!"*9('#.!E#%&5'#-.3(
6,78C,('1UH/.9,(I,77,1802(B0V02(
1#'*--#5$!)*!:'-2#;(%!)*!1*'*-2(%!E,9.$(%3(
'1,(6,7U;8C(G507707;(40(Q807;(
1#'*--#5$!)*!",%*(!)*!0.!"*9('#.3(!5,1(&,7/;2(*;2,4,(G;1:,/0:(
1#'*--#5$!:-,*')(%!)*!0.!B*').)3(X/A,7;(S.//,77,U,(#,7-.018;(
1#'*--#5$!:)9#$#%&'.&#;.!/!F#$.$-#*'.3(#;1.,(#80//,(B;-07;(
+*G*!)*!HI-#$.!:%*%('.!+,'C)#-.3!
&H2,7(B.19=1(
7(9,$#-.-#($*%!/!<*).A(AC.3(
6,57.9.;(I5./02O(R5.2(&,7/;2(6,1?,77H2O(@.0U;(!,7,-.//;O((
#,/;-=1(K9C,A,77D,(
(
<0.$*.-#5$3(
N,8,/D(40(/,(S0U,(
(
4J,#8(!)*!&'.K.L(!1#'*--#5$!8.'.!0.!7($%&',--#5$!)*!0.!"*9('#.!E#%&5'#-.3(
'1,(RV4,(&,-F;O(L.//.,-(<071,14;(6,1907,(#J19C0:O(@.,1,(&,P
-./,(Q7?50/,(S.//,150A,O(R5.2(&,7/;2(#,19C0:(@.,:O(B;1,/4((K4Y,74(
S.//,-./(&,7A,?,/O(S/,4.-.7(60/;(6;701;(
(((
:%#%&*$&*%!)*!1#'*--#5$!D*$*'.03(
R,57,(Z5.7;:O(K4.22;1(&,/407=1>(
M(R,(.1A028.U,9.=1(3,20(F,7,(0/(F7020180(.1[;7-0((20(402,77;//=(01(0/(
-,79;(40/(G75F;(40(60-;7.,(<.28=7.9,(40(/,(&;-.2.=1(N,9.;1,/(40(
B0F,7,9.=1(V(B09;19./.,9.=1O(9;-F08019.,2(708;-,4,2(F;7(0/(&0187;(
40(60-;7.,(<.28=7.9,(01(25(150A,(9;14.9.=1(40(K28,3/09.-.018;(*WP(
3/.9;O(970,4;(F;7(0/(,78D95/;(\]^(40(/,(/0V(\]]_(40(`a\\O(b50(8.010(F;7(
;3?08;(7051.7(V(7095F07,7(8;4;(0/(-,807.,/(4;95-018,/O(8028.-;1.;2(
;7,/02(V(F;7(95,/b5.07(;87;(-04.;(70/,8.A;2(,(/,2(A.;/,9.;102(9;-08.P(
4,2(9;-;(9;12095019.,(40(/,2(.1[7,99.;102(,/(40709C;(.18071,9.;1,/(
C5-,1.8,7.;(;(40(A.;/,9.;102(U7,A02(V(-,1.c028,2(,(/,2(1;7-,2(.1807P(
1,9.;1,/02(40(40709C;2(C5-,1;2(;9577.4,2(9;1(;9,2.=1(40/(9;1d.98;(
,7-,4;(.18071;>(
R,(08,F,(40(F53/.9,9.=1(V(4.A5/U,9.=1(40/(.1[;7-0(20(70,/.:,(01(95-P(
F/.-.018;(40(/,2([519.;102(40/(&0187;(40(60-;7.,(<.28=7.9,>
@;95-018;( 0/,3;7,4;( 01( 0/( -,79;( 40/( 9;-F;10180( &;187.359.=1(
40(/,2(A072.;102(/.3702(,/(@0709C;(,(/,(B028.859.=1(40(I.0102(*,87.-;P(
1.,/02(e$.077,2(V($077.8;7.;2f(40(/,2(SD98.-,2(40/(F7;V098;g(h'1J/.2.2(
2;9.;(?57D4.9;(40(/,2(A072.;102(/.3702(40(/;2(402-;A./.:,4;2(01(/;2(F7;P(
902;2(40(?528.9.,(V(F,:>("1,(9;187.359.=1(,(/,(70,/.:,9.=1(40/(40709C;(,(
/,(A074,4(C.28=7.9,(V(,/(95-F/.-.018;(40/(40307(40(-0-;7.,(40/(K28,P(
4;(V(/,(2;9.04,4i(eh#;9.;P?54.9.,/('1,/V2.2(;[ (8C0(*072;1,/('99;5182(
;[ (@0-;3./.:04(*072;12("1407(R,Y(jklg(G*#E(ajPa\jifO(c1,19.,4;(
F;7(0/(G;3.071;(40(&,1,4JO(,(87,AH2(40(/,(Q7U,1.:,9.=1(%18071,9.;1,/(
F,7,(/,2(6.U7,9.;102(eQ%6fO(9;1(/,(F,78.9.F,9.=1(40(/;2(9;125/8;702g(
(
N53.,(<07707,('7.:,(
*,87.9.,(R.1,702(*7.08;(
),-./0(#,/.1,2('34,/,(
<0V4.(*,87.9.,(I,/4;20,(
!;2H(6,150/(!,7,-.//;(
!5,1(6,150/(+,7,-,(#,18,975:
!"#$%&'$(&)%*+%,-"%$(&.%$/*0$"$*/$1*2&#"$(&.%-1*3!+24*
6.2.=1(01(&;/;-3.,
5-6-*7-*2&1&)%
6,790/;(*.2,1.
5-6-*7-*2&1&)%*879:%,.
'/0?,147;(G5.4.
;.."7&%$7."*7-/*<".#"$=$*7-*>-&%,-#"$(&)%*
(.%*?%6.@:-*;.=:%&,$"&.
&,-./;(R0U5D:,-;
;.."7&%$7."$*7-*<".A-(,.1
6,7D,(X1U0/,(60?D,
2.%&,."$*7-*<".A-(,.1
'47.,1,(&;770,
K28,(F53/.9,9.=1(02(F;2.3/0(U7,9.,2(,/(U0107;2;(,F;V;(40/(F503/;(40(
&,1,4J>(R;2(9;1801.4;2(2;1(702F;12,3./.4,4(40(252(,58;702(V(1;(10P
902,7.,-0180(70d0?,1(/,2(;F.1.;102(40(/,(K-3,?,4,(40(&,1,4J>
m(`a\`O(&0187;(40(60-;7.,(<.28=7.9,(
m(`a\`O(Q7U,1.:,9.=1(%18071,9.;1,/(F,7,(/,2(6.U7,9.;102((
n6.2.=1(01(&;/;-3.,n>
(
(
+BCDE(jk_Pjl_Plk^Pa_\Po(
%-F702;(01(&;/;-3.,(n(*7.1804(.1(&;/;-3.,(
*7.-07,(04.9.=1(01(&;/;-3.,O(20F8.0-370(40(`a\`(
m(@.20T;(40(953.078,g(*53/.9,9.;102(#0-,1,(
(
(K280(02(51(4;95-018;(FW3/.9;(95V;(80p8;(9;-F/08;(20(F;47J(9;1P
25/8,7(01g(YYY>90187;40-0-;7.,C.28;7.9,>U;A>9;(
(
;"F7&,.1*6.,.#"GH(.1E*
*;78,4,>(E;8;(40(!02W2('3,4(&;/;7,4;(m
E;8;2(.18071,2g(!02W2('3,4(&;/;7,4;(m(
(
K280(.1[;7-0(02(40(9,7J9807(FW3/.9;>(*5040(207(70F7;459.4;O(9;F.,4;O(
4.287.35.4;(V(4.A5/U,4;(2.0-F70(V(95,14;(1;(20(,/8070(25(9;1801.4;O(
20(9.80(/,([50180(Vq;(01(95,/b5.07(9,2;(20(4.2F;1U,(/,(,58;7.:,9.=1(40/(
&0187;(40(60-;7.,(<.28=7.9,(9;-;(8.85/,7(40(/;2(40709C;2(-;7,/02(V(
F,87.-;1.,/02(40(028,(F53/.9,9.=1>(#0(0p9/5V0(40(028,(,58;7.:,9.=1(0/(
-,807.,/([;8;U7Jc9;(20T,/,4;(9;1(&;FV7.UC8(m>(
!"#$%&%'()(*'+(
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
0)*!#*"-)
%187;4599.=1>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(\o(
;$0I,:/.*JK(
K28759857,2(40(/,(&,2,(&,28,T;>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(`o((
( \>(R,(&,2,(&,28,T;>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(`l(
( \>\>(I/;b502(#0/099.;1,4;2>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(`k(
( \>`>(I/;b502(01(0/("7,3J(&C;9;,1;P'18.;b50T;>>>>>>>>>>>>>>>>>>>>>>>>>(`j(
( \>`>\>(I/;b50(r/-07(&J7401,2>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(oa(
( \>`>\>\>(&;-,14,180(40/(IK&g(E7044V(B014=1(<07707,>>>>>>>>>>>>>(o`(
( \>`>`>(I/;b50(I,1,107;>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(o`(
( \>`>`>\>(&;-,14,180(40/(IIg(!;2H(KA07(S0/;:,(G,79D,>>>>>>>>>>>>>>>(o](
( \>`>`>`>(&;-,14,180(40/(E70180('/0p(<578,4;g(
( B,W/(K-./.;(<,23W1>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(o](
( \>`>o>(G7,1(I/;b50(N;780(01(/,(B0U.=1(40/(&,7.30(V(N;780(
( 40(#,18,1407>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(ol(
( \>`>o>\>(I/;b50(&=74;3,>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(o^(
( \>`>o>\>\>(&;-,14,180(40/(I&;g(#,/A,8;70(6,1952;>>>>>>>>>>>>>>>>>>>(ok(
( \>`>o>`>(I/;b50(N;780>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(oj(
( \>`>o>`>\>(&;-,14,180(40/(IN(B;47.U;($;A,7(*5F;>>>>>>>>>>>>>>>>>>>(]`(
( \>`>o>`>`>(<071J1(G.7,/4;(#071,>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(]o(
( \>`>o>o>(I/;b50(6;1802(40(6,7D,>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(]](
( \>`>o>o>\>(&;-,14,180(40/(I66g(K4Y,74(&;3;2($H//0:>>>>>>>>>>>>(]^
( \>`>o>]>(I/;b50(&,8,85-3;>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(]k
( \>`>o>]>\>(&;-,14,180(40/(I&,g(#,/A,8;70(6,1952;>>>>>>>>>>>>>>>>>>>(]j
(
;$0I,:/.*LK*
$.077,2(V($077.8;7.;2(01(/;2(b50(<.9.07;1(*702019.,(/,2('&&">>>>>(l\(
( `>(&,7,9807D28.9,2(*,78.95/,702(40(/,2(B0U.;102>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(l\(
( `>\>(%18070202(G0107,/02>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(lo((
( `>\>\>(&;12;/.4,9.=1($077.8;7.,/>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(lo(
( `>\>`>('F7;F.,9.=1(@0($.077,2()($077.8;7.;2>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(l^(
j
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
( `>`>( @02F/,:,-.018;O('3,14;1;(V(@02F;?;(40($.077,2>>>>>>>>>>>>>>(lj(
( `>o>( &;190187,9.=1(40(/,($.077,(V(h&;187,770[;7-,('U7,7.,i>>>(^^(
( `>]>( B028.859.=1(40($.077,2(V($077.8;7.;2>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(k\
(
;$0I,:/.*MK(
R,2(B0A0/,9.;102(#;370(K/('3,14;1;()(@02F;?;(@0($.077,2>>>>>(kl(
( o>(&,52,2(V(I010c9.,7.;2(40/(@02F;?;(V('3,14;1;(40($.077,2>>(kk(
( o>\>(%19;12.28019.,2(01(/,2(S072.;102>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>( k_(
( o>`>(@02F/,:,-.018;(K[098;(&;/,807,/>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(_a(
( o>o>(E.102(#0UW1(*;/D8.9;2(;(6./.8,702>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(_\(
( o>o>\>(R,(S.2.=1(40(/;2(RD40702(*;/D8.9;2>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(_\(
( o>o>`>(R,(S.2.=1(40(/;2(&;-,14,1802(6./.8,702>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(_l
( o>]>( @0807-.1,4;702(V("25[75985,7.;2(40/(@02F;?;(V(
( '3,14;1;(E;7:,4;>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(_j
( o>]>\>('9,F,7,-.018;(40($.077,2(F;7(6.0-37;2(S.2.3/02(
( 40(/,2('"&>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(_j
( o>]>`>(Q87;2('U01802(K9;1=-.9;2(I010c9.,7.;2(40/(@028.077;>>(j`
( o>l>( Kp87,4.9.;102(V(S074,4>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(jl(
( o>^>( K1870U,(40(I.0102(F,7,(/,(B0F,7,9.=1>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(\a\
( o>^>\>(I.0102(Q[709.4;2(V(K1870U,4;2>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>( \a`(
( o>k>( 6,1952;(V(/,(K1870U,(40(I.0102>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(\a](
( o>_>( 'F7014.:,?02(40(/,(R0V(jkl(F,7,(/,(B028.859.=1>>>>>>>>>>>>>>>>>>>>(\\a
(
;$0I,:/.*NK(
K/(@02F;?;g(sK287,80U.,(40(/,(K-F702,(&7.-.1,/t>>>>>>>>>>>>>>>>>>>>>>>>>>(\\l(
( ]>(K/(6;452(QF07,14.(40(R,(&,2,(&,28,T;>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(\\^(
( ]>\>( R,(K-F702,(&7.-.1,/>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(\`o(
( ]>\>\>(*7;F=2.8;(&7.-.1,/>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(\`](
( ]>\>`>(hB09;1cU57,9.=1(&;;F8,4,(40/(K28,4;i>>>>>>>>>>>>>>>>>>>>>>>>>>>(\`l(
( ]>\>o>('2;9.,9.=1(9;1('U01802(K9;1=-.9;2>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(\`j(
( ]>\>]>(N,79;8.:,9.=1(40(/,2('"&>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(\o\(
( ]>\>l>('F;407,-.018;(V(@02F;?;(40($.077,2>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(\o`(
( ]>`>( &,2;2(40(@02F;?;(V(R0U,/.:,9.=1>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(\o^(
( ]>`>\>(@02F;?;(01(!.U5,-.,14=(V(&57A,7,4=>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(\o^(
\a(
0)*!#*"-)
( ]>`>`>(*7;V098;2(*7;4598.A;2(*;7(R,(*,:(sR0U,/.:,9.=1(
( 40/(@02F;?;t>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(\]^
( ]>`>`>\>(@0(#,/A,8;70(6,1952;>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(\]k(
( ]>`>`>`>(@0(hK/('/0-J1i>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(\]_(
( ]>`>o>(@02F;?;(01(*7;902;2(40(!528.9.,(V(*,:>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(\lo(
( ]>`>o>\>(&C.A;/;g(@02F;?;(01(+;1,2(40(h!;7U0(]ai>>>>>>>>>>>>>>>>>>>>>(\lo(
( ]>`>o>`>($5/,F,2g(@02F;?;(01(+;1,2(40(hK/('/0-J1i>>>>>>>>>>>>>>>>>>(\^a(
( ]>`>o>o>(*704.;2(,F7;F.,4;2(F;7(<,23W1(01("7,3J>>>>>>>>>>>>>>>>>>>>>>(\^`(
;.%(/:1&.%-1*A*>-(.=-%7$(&.%-1>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(\^l
8O"-P&$,:"$1>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(\ko*
8%-Q.1>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(\kl
( '10p;(\>(@02-;A./.:,9.;102('58;40[012,2(&,-F02.1,2(
( 40(&=74;3,(V("7,3J>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(\kl(
( '10p;(`>(K28759857,2(*,7,-./.8,702(V(6.0-37;2>>>>>>>>>>>>>>>>>>>>>>>>>>(\kk(
( '10p;(o>(6,2,9702(V(SD98.-,2(01(/,2(+;1,2(#0/099.;1,4,2>>>>>>>>(\_a(
( '10p;(]>(*;3/,9.=1(@02F/,:,4,(F;7(@0F,78,-018;(
(
( 40(R/0U,4,(\jjj(P(`a\\>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(\_\(
( '10p;(l>(%1-503/02(B57,/02(Q[709.4;2(V(B09.3.4;2(
( K1(K/(EBS>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(\_\
( '10p;(^>(#.-5/,9.;102(V(*704.;2(40(6,1952;>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(\_](
( '10p;(k>(R;2(*,98;2(01(/,2(B0U.;102(#0/099.;1,4,2>>>>>>>>>>>>>>>>>>>>(\_l(
( '10p;(_>(R,(*,7,F;/D8.9,(01(/,2(B0U.;102(#0/099.;1,4,2>>>>>>>>>>>>>(\_l(
( '10p;(j>(I.0102(***(V(#,/A,8;70(6,1952;(>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>( \_k
>-/$(&)%*7-*?1@:-=$1(
( K2b50-,(N;>(\>(K28759857,(Q7U,1.:,9.;1,/(40(/;2(
( I/;b502(#0/099.;1,4;2>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(`_(
( K2b50-,(N;>(`>(K28759857,(Q7U,1.:,9.;1,/(40/(I/;b50(N;780>>(>>(]\(
( K2b50-,(N;>(o('3,14;1;(V(@02F;?;(40($.077,2>>>>>>>>>>>>>>>>>>>>>>>>>>>(^_
(
>-/$(&)%*R-*2$0$1(
( 6,F,(N;>(\>(G0;770[07019.,9.=1(40(/,2('&&">>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>`](
( 6,F,(N;>(`>(G0;770[07019.,9.=1(40(/;2(I/;b502(#0/099.;1,4;2>>>`l(
\\
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
( 6,F,(N;>(o>(*702019.,(40(/,2('&&"N(K/("7,3J>>>>>>>>>>>>>>>>>>>>>>>>>(`k(
( 6,F,(N;>(]>(KpF,12.=1(40(/,2('&&"(K1(K/(&,7.30(
(
( V(N;780(@0(#,18,1407>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(o^(
( 6,F,(N;>(l>(G0;770[07019.,(@0/(I/;b50(N;780>>>>>>>>>>>>>>>>>>>>>>>>>>>(]a(
( 6,F,(N;>(^>(G0;770[07019.,9.=1(40/(I/;b50(6;1802(40(6,7D,>(]l(
( 6,F,(N;>(k>(G0;770[07019.,9.=1(@0/(I/;b50(&,8,85-3;>>>>>>>>>>(]j
( 6,F,(N;>(_>(G0;770[07019.,9.=1(40(/,2('&&"(K1(R,(B0U.=1(
( @0/((&,7.30>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(l]
( 6,F,(N;>(j>(G0;770[07019.,9.=1(V(&;7704;702(40($7Jc9;(
( 40(@7;U,>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(ll
( 6,F,(N;>(\a>(G0;770[07019.,9.=1(V(+;1,2(40(@02F;?;(
( V('3,14;1;(E;7:,4;>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(lk
( 6,F,(N;>(\\(6,2,9702(F;7(40F,78,-018;(`aa\P`a\\>>>>>>>>>>>>>>>>(l_
( 6,F,(N;>(\`>(G0;770[07019.,9.=1()(&;190187,9.=1(
( @0(R,($.077,(`aaaP`aaj>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(^k(
( 6,F,(N;>(\o>(@02F;?;(K1(K/(@0F,78,-018;(@0(6,U4,/01,>>>>(\l^
( 6,F,(N;>(\]>(B0U.=1(&,73;1D[07,(01(0/(@0F,78,-018;
( 40/(&02,7>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(\lj
6,F,(N;>(\l>(S018,2([;7:,4,2(V([,/2,2(01(0/("7,3J>>>>>>>>>>>>>>>>>>>>>>>>(\^\(
B0[07019.,2>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(\j\(
\`(
"*!$)-100"2*
(
(
K/(F7020180(4;95-018;(C,90(F,780(40/(F7;F=2.8;(40/(G75F;(40(60P
-;7.,(<.28=7.9,(n&0187;(40(60-;7.,(<.28=7.9,(,(F,78.7(40(/,(R0V(\]]a(
40(`a\\(9;1;9.4,(9;-;(/,(R0V(40(SD98.-,2nO(40(0/,3;7,7(V(4.A5/U,7(
51(70/,8;(2;370(0/(9;1d.98;(,7-,4;(01(&;/;-3.,(V(40(252(0[098;2(,(
F,78.7(40(4.28.18,2(A074,402(V(-0-;7.,2O(01870(0//,2(/,2(b50(0-,1,1(40(
/,2(A072.;102(/.3702(40(/;2(402-;A./.:,4;2(40(/;2(U75F;2(F,7,-./.8,702(
F;285/,4;2(01(/;2(F7;902;2(40(/,(R0V(jkl(40(`aal(n9;1;9.4,(9;-;(/,(
R0V(!528.9.,(V(*,:n(01(/,(70A0/,9.=1(40(/,(A074,4(2;370(/,2(9,52,2O(702P
F;12,3/02(V(525[75985,7.;2(40/(,3,14;1;([;7:,4;O(/,(;95F,9.=1(./0UDP
8.-,(V(0/(402F;?;(40(8.077,2(V(8077.8;7.;2O(,2D(9;-;(40(25(9;187.359.=1(
,(/,(70F,7,9.=1(.180U7,/(40(/,2(AD98.-,2(,(87,AH2(40(/,(7028.859.=1(40(252(
3.0102(F,87.-;1.,/02O(F,78.95/,7-0180(40(252(.1-503/02(757,/02>(
R,( .1A028.U,9.=1( 20( 402,77;//=( 01( 0/( -,79;( 40/( &;-F;10180( h&;1P
87.359.=1( ,( /,2( A072.;102( /.3702( ,/( @0709C;( ,( /,( B028.859.=1( 40( I.0P
102(*,87.-;1.,/02(e8.077,2(V(8077.8;7.;2f(40(/,2(SD98.-,2iO(40/(*7;V098;(
h'1J/.2.2(2;9.;(?57D4.9;(40(/,2(A072.;102(/.3702(40(/;2(402-;A./.:,4;2(
01(/;2(F7;902;2(40(/,(R0V(40(jkl(40(`aal(n("1,(9;187.359.=1(,(/,(70,P
/.:,9.=1(40/(40709C;(,(/,(A074,4(C.28=7.9,(V(,/(95-F/.-.018;(40/(40307(
40(-0-;7.,(40/(K28,4;(V(/,(2;9.04,4iO(,F;V,4;(F;7(/,(0-3,?,4,(40(
&,1,4J(V(/,(Q7U,1.:,9.=1(%18071,9.;1,/(40(6.U7,9.;102(eQ%6fO(3,?;(
/,(9;;74.1,9.=1(40/(4.7098;7(40/(G75F;(40(60-;7.,(<.28=7.9,>(
K/(,1J/.2.2(20(40/.-.8=(,(/,(9;187.359.=1(40(/;2(-.0-37;2(40(/;2(2.P
U5.01802( U75F;2( 40( /,2( 401;-.1,4,2( '58;40[012,2( &,-F02.1,2( 40(
&=74;3,(V("7,3J(e'&&"f(nU028,4,2(F;7(/,(&,2,(&,28,T;g(01("7,3JO(
/;2(3/;b502(r/-07(&J7401,2(eIK&fu(V(I,1,107;(eIIfO(V(01(/,2(70U.;P
102(40(/,(9;28,('8/J18.9,(V(0/(40F,78,-018;(40(N;780(40(#,18,1407O(0/(
U7,1(I/;b50(N;780(eGINf(40/(b50(C.9.07;1(F,780(/;2(3/;b502(6;1802(
40(6,7D,(eI66fO(&=74;3,(eI&;f(V(&,8,85-3;(eI&,f(V(0/(9;1;9.4;(
\o
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
9;-;(I/;b50(N;780(eINf(b50(;F07=(01(/,(:;1,(1;780(40/(&,7.30(9;P
/;-3.,1;>
*,7,( 0280(c1(20(85A.07;1(01(95018,(/,2(A072.;102(40(/;2(F;285/,4;2O(
01870U,4,2(4.7098,-0180(F;7(/,2([501802(;c9.,/02(e"1.4,4(40(!528.9.,(
V(*,:(40(/,(E.29,/D,(G0107,/(40(/,(N,9.=1(V($7.351,/02(40(!528.9.,(V(
*,:fO(,2D(9;-;(40(/,2(709.3.4,2(40(;7U,1.:,9.;102(40[012;7,2(40(40P
709C;2(C5-,1;2O(F07.;4.28,2O(AD98.-,2O(,3;U,4;2(V(207A.4;702(FW3/.P
9;2O(4,4,2(/,2(4.c95/8,402(F,7,(;380107/,2(40(/,2(.128,19.,2(;c9.,/02>(
K1(F,78.95/,7O(20(,1,/.:,7;1( /,2(A072.;102(/.3702(7014.4,2(F;7(/;2(0p(
9;-,14,1802(402-;A./.:,4;2(b50([507;1(F;285/,4;2(,(/,(R0V(jkl(40(
`aalg( E7044V( B014=1( <07707,O( 9;-,14,180( 40/( IK&u( rA07( S0/;:,(
G,79D,O( 9;-,14,180( 40/( IIu( K4Y,7( &;3;2( $H//0:O( 9;-,14,180( 40/(
I66u( #,/A,8;70( 6,1952;O( 9;-,14,180( 40/( G7,1( I/;b50( N;780O( V(
B;47.U;($;A,7(*5F;O(9;-,14,180(40/(INO(,2D(9;-;(40(,/U51;2(40(/;2(
.180U7,1802(40(02,2(028759857,2>(@0(-,107,(9;-F/0-018,7.,(20(85A;(
01(95018,(0/(20U5.-.018;(40(-04.;2(40(9;-51.9,9.=1(,/(F7;902;(?54.P
9.,/(40(/,(R0V(jkl(40(`aalO(01(02F09.,/(40(-04.;2(02F09.,/.:,4;2(9;-;(
0/(b50(70,/.:,(0/(F;78,/(40(S074,4'3.078,>9;-(
K/(,1J/.2.2(b50(20(F702018,(,(/;(/,7U;(40(0280(80p8;(1;(20(/.-.8,(0p9/5P
2.A,-0180(,(/;(409/,7,4;(01(/,2(A072.;102(/.3702O(4,4;(b50(20(87,8,(40(
F.0:,2( ?54.9.,/02( b50( F50401( 028,7( -04.,4,2( F;7( 7,:;102( 9;-;( 1;(
,58;(.197.-.1,720O(0/(80-;7(40(708,/.,9.;102(40(/;2(2;9.;2(V(,/.,4;2O(;(
F;7(;87;2(.18070202O(40(51,(F,780O(V(,(b50(1;(2;1(25c9.01802(F,7,(9;1P
80p85,/.:,7( /,( .1029.14.3/0( 70/,9.=1( 01870( 0/( 402F/,:,-.018;( [;7:,4;(
V(;87,2(A.;/,9.;102(40(40709C;2(C5-,1;2(0(.1[7,99.;102(,/(@0709C;(
%18071,9.;1,/(<5-,1.8,7.;(e@%<f(V(/;2(.18070202(2;370(/,2(8.077,2O(80P
77.8;7.;2(V(709572;2(1,857,/02O(40(/,(;87,>(
K2(F;7(0//;(b50(8,-3.H1(20(85A.07;1(01(95018,(409/,7,9.;102(V(F7;P
1519.,-.018;2(40(;87;2(402-;A./.:,4;2(40(70U.;102(4.[0701802(,(/,2(
20/099.;1,4,2( ;( b50( 1;( C,901( F,780( 40/( F7;902;( 40( /,( R0V( jkl( 40(
`aalu(8028.-;1.;2(7014.4;2(01(F7;902;2(?54.9.,/02(;74.1,7.;2(V(70/,8;2(
;3801.4;2(01(01870A.28,2(,(F;285/,4;2(V(1;(F;285/,4;2(01(9J790/02(9;P
/;-3.,1,2(V(40(K28,4;2("1.4;2(e#,/A,8;70(6,1952;O(<071J1(G.7,/4;(
V(rA07(S0/;:,f>(@0(.U5,/([;7-,(20(70,/.:,7;1(01870A.28,2(F072;1,/02(
V(F;7(-04.;2(0/0987=1.9;2(9;1(,/U51;2(,3;U,4;2(40(/;2(F;285/,4;2>
\](
"*!$)-100"2*
*,7,/0/,-0180(20(70A.2,7;1(/,2(F7;A.4019.,2(40(/,(&;780(#5F70-,(40(
!528.9.,(V(40(/;2($7.351,/02(40(!528.9.,(V(*,:O(F7;1519.,-.018;2(40(/,(
E.29,/D,(V(40(/;2(;7U,1.2-;2(40(9;187;/O(V(4.[0701802(02854.;2(0(.1A02P
8.U,9.;102(40(018.4,402(FW3/.9,2(V(,9,4H-.9,2>(K28,2(V(;87,2([501802(
20( 9;1[7;18,7;1( V( 9;-F/0-018,7;1( 9;1( 01870A.28,2( 9;1( AD98.-,2( V(
207A.4;702(FW3/.9;2O(02F09.,/-0180(40(/,2(A.195/,4,2(,(/;2(9,2;2(b50(
20(0pF;101(01(0280(4;95-018;>(
R,(F7020180(.1A028.U,9.=1(F,780(40(/,(F70-.2,(20UW1(/,(95,/(20(028,P
3/090(b50(51(F7;902;(40(?528.9.,(87,12.9.;1,/(10902.8,(40807-.1,7(/,(
A074,4(?54.9.,/O(F07;(40187;(40/(709;1;9.-.018;(40(252(/.-.8,9.;102(
01(F072F098.A,(40(U,7,18D,(40(1;(70F08.9.=1O(9;1;9.-.018;(40/(F,2,4;(
V(018014.-.018;(40/(F7020180>(*;7(028,(7,:=1O(0/(G75F;(40(60-;7.,(
<.28=7.9,(20(C,(F/,180,4;(9;-;(51(402,[D;(90187,/(/,(709;1287599.=1(
40( /,( A074,4( C.28=7.9,u( 028;( 02O( 51,( A074,4( b50( F07-.8,( 9;1;907( /,(
-,U1.854(40(/,(A.;/019.,(A.A.4,O(40(/;2(4,T;2(9,52,4;2(V(40(/;2(0[09P
8;2(U0107,4;2(01(/,(9;-51.4,4>(K1(0280(2018.4;O(/,2(A072.;102(/.3702(V(
/;2(8028.-;1.;2(40(/;2(A.98.-,7.;2(9;37,1(51(02F09.,/(A,/;7O(01(8,18;(
9;128.85V01(51,(F.0:,([514,-018,/(F,7,(/,(4.[D9./(8,70,(40(709;128759P
9.=1( 40( /,( -0-;7.,( C.28=7.9,O( ,-H1( 40( b50( /,2( A072.;102( /.3702( 40(
/;2(F;285/,4;2(2;1(0/(F7.19.F,/(,F;V;(F7;3,8;7.;(01(/;2(F7;902;2(40(
!528.9.,(V(*,:>('4.9.;1,/-0180(/,2(A072.;102(V(/;2(8028.-;1.;2(C,1(15P
87.4;(/;2(F7;902;2(b50(,40/,18,(/,(&;780(#5F70-,(40(!528.9.,(9;187,(
207A.4;702(FW3/.9;2(F;7(0/(40/.8;(40(9;19572;(F,7,(40/.1b5.7(01(/;(b50(
20(C,(9;1;9.4;(9;-;(h/,(F,7,F;/D8.9,i>(
&;1(3,20(01(/;(,1807.;7O(01(0280(4;95-018;(20(.18018,(4,7(95018,(40(
9=-;(/;2(.180U7,1802(40(/;2(U75F;2(F,7,-./.8,702(b50(20(402-;A./.:,P
7;1(01(0/(-,79;(40(/;2(,95074;2(9;1(0/(G;3.071;(N,9.;1,/(n402-;P
A./.:,4;2nO(V(b50([507;1(20/099.;1,4;2(,(,990407(,(/,(F01,(,/8071,8.A,(
40(-Jp.-;(;9C;(,T;2O(F70A.,(/,(7014.9.=1(40(A072.;102(/.3702(nF;285P
/,4;2(V(A072.;1,4;2n(C,1(,F;78,4;(,(51;(40(/;2(,2F098;2(2528,19.,/02(
40( /,( 401;-.1,4,( R0V( 40( !528.9.,( V( *,:g( /,( 70A0/,9.=1( 40( /,( A074,4(
2;370(0/(402F;?;(40(8.077,2(V(8077.8;7.;2\(9;-F;10180(40(/,(70F,7,9.=1(
(K1(0/(F7020180(4;95-018;(20(58./.:,(/,(0pF702.=1(h8.077,2i(2.1(F07?5.9.;(40(/,2(4.[0701P
802(70/,9.;102(b50(20(0?07901(2;370(0//,2g(.14.A.45,/02O(,2;9.,8.A,2(V(9;/098.A,2(F;7(F,780(
40(9,-F02.1;2(V(U75F;2(H81.9;2>
\
\l
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
.180U7,/(40(/,2(AD98.-,2(V(40(/,2(U,7,18D,2(40(1;(70F08.9.=1(40(U7,A02(
97D-0102(40(40709C;2(C5-,1;2>(
K1(020(2018.4;O(0280(87,3,?;(9;1A07U0(9;1(.1A028.U,9.;102(b50(20(C,1(
,40/,18,4;( 40240(90187;2(,9,4H-.9;2(;( 40(F012,-.018;( F,7,( ,F;7P
8,7( ,/( 029/,709.-.018;( 40( /,2( 9.795128,19.,2( 01( /,2( 95,/02( 20( ;7.U.1=(
V( 402F/0U=( 0/( [01=-01;( 40( /,( ,F7;F.,9.=1( A.;/018,( 40( 8.077,2O( 9;1(
.1807A019.=1(4.7098,(40(U7,1402(028759857,2(,7-,4,2(9;1;9.4,2(9;-;(
hF,7,-./.8,702iO(01(F,78.95/,7(40(/,2(51.c9,4,2(F;7(/,(&,2,(&,28,T;>(
'(/;(/,7U;(40/(F7;902;(/;2(F;285/,4;2(C,1(,F;78,4;(A,/.;2;2(0/0-01P
8;2(F,7,(,F7;p.-,720(,/(9(),%!(8*'.$)#!40(/,(&,2,(&,28,T;(9;1[;7-,4,(
F;7( /;2( C07-,1;2( E.40/O( &,7/;2( V( S.90180O( b5.0102( .-F,78.07;1( /,2(
4.70987.902(-./.8,702O(F;/D8.9,2(V(09;1=-.9,2(F,7,(/,(51.c9,9.=1(40(/;2(
U75F;2( 40( ,58;40[012,2( 970,4;2( ;( c1,19.,4;2( F;7( H/.802( 2;9.,/02( V(
09;1=-.9,2(01(4.28.18,2(70U.;102(40/(F,D2O(V(25(0pF,12.=1(V(9;12;/.P
4,9.=1(,(87,AH2(40(/,(970,9.=1(40(/,2('&&"(V(/50U;(40(/,2('"&O(V(9;1(
0//;(,(/,(/=U.9,(V(,/(F,87=1(40/(,3,14;1;([;7:,4;(V(402F;?;(40(8.077,2(
V(8077.8;7.;2(V(40(25(/0U,/.:,9.=1>(
R,( &,2,( &,28,T;( ,4b5.070( .-F;78,19.,( 95,14;( 20( A50/A0( 51,( F.0:,(
9/,A0(01(/,(0287,80U.,(40(9;187;/(8077.8;7.,/(VO(F;7(0140(40(20U57.4,4(40(
/,2(0pF;78,9.;102(40(-59C,2(0-F702,2(3,1,107,2O(U7,1402(F7;V098;2(
40(.1A072.=1(V(40/(,9,F,7,-.018;(40(8.077,2(01(/;2(A,//02(40/(#.1WO(#,1(
!;7U0(V(/,(95019,(40/('87,8;>(K1(028,(0287,80U.,O(3,?;(0/(4.29572;(40(
9;-3,8.7(/,(253A072.=1(V(252(25F5028,2(70402(40(,F;V;O(20(9;1?5U,1(
/,2(028759857,2(40(/;2(C07-,1;2(&,28,T;O(70402(1,79;87,c9,1802O(?0[02(
-./.8,702(01(/,(:;1,O(,58;7.4,402(9.A./02(/;9,/02(V(40F,78,-018,/02O(F;P
/D8.9;2(40(/,2(A.0?,2(028759857,2(9/.0180/.28,2(;(0-07U01802O(V(U7,1402(
0-F702,7.;2O(U,1,407;2(V(8077,801.01802>(
K20(-;40/;(A.;/018;(b50(7025/8=(0p.8;2;(01("7,3J([50(/,(3,20(40(/,(
0pF,12.=1(C,9.,(0/(1;780(40(/,(9;28,(&,7.30O(/;(-.2-;(b50(01(/,2(.1P
9572.;102(01(0/(1;7;7.0180(40('18.;b5.,O(N;780(40(#,18,1407O(6,U4,P
/01,(604.;O(S,//0O(&,59,(V(/,(Q7.1;b5D,O(01870(;87,2(70U.;102(40/(F,D2O(
019;187,14;(F;407;2;2(2;9.;2(/0U,/02(0(./0U,/02O(F,7,(95V;2(.18070202(
7025/8,3,1(W8./02(/,2(028759857,2(,7-,4,2>(
R;(,1807.;7(02(,-F/.,-0180(9;77;3;7,4;(01(/,2(70A0/,9.;102(40(402P
-;A./.:,4;2O(F;285/,4;2(V(40(;87;2(.180U7,1802(40(/,2('"&O(,2D(9;-;(
\^(
"*!$)-100"2*
01(/,2(9;1401,2(9;187,(207A.4;702(FW3/.9;2(F;7(9;19.078;(F,7,(40/.1P
b5.7O(/,2(b50(C,1(F07-.8.4;(40A0/,7(/,(0-F702,(97.-.1,/(40/(F,7,-.P
/.8,7.2-;O(9,7,9807.:,4,(F;7g(.f(/,(0p.28019.,(40(51(F7;F=2.8;(97.-.1,/(
9;-W1u( ..f( /,( h709;1cU57,9.=1( 9;;F8,4,( 40/( K28,4;i( eG,7,VO( `a\af(
40( /,( b50( 0-,1,( /,( hF,7,F;/D8.9,i( V( /,( hF,7,.128.859.;1,/.4,4( 9.A./( V(
-./.8,7iu(...f(/,2(,/.,1:,2(9;1(,U01802(F7.A,4;2(niF,7,09;1;-D,i(V(hF,P
7,0-F702,7.2-;inu(.Af(/,(-58,9.=1(,(51(9,780/(40/(1,79;87Jc9;(niF,P
7,1,79;87Jc9;i(;(h1,79;F,7,-./.8,7.2-;inO(V(Af(0/(,3,14;1;([;7:,4;(
V(402F;?;(2.280-J8.9;O(-,2.A;(V(A.;/018;(40(8.077,2>
R,( 9;1[;7-,9.=1( 40( /;( b50( F;47D,( //,-,720( h/,( b5D185F/0( ,/.,1:,i(
.180U7,4,(F;7(F,7,-./.8,702O(F;/D8.9;2(V(207A.4;702(FW3/.9;2(9.A./02O(H/.P
802(/;9,/02(09;1=-.9,2(V(0-F702,7.,/02O(V(F;7(1,79;87,c9,1802(-58,P
4;2(01(F,7,-./.8,702(eh1,79;F,7,2if(;(1;O(9;1(51(F7;F=2.8;(9;-W1(V(
9;-F,78.4;(40(70[514,7(/,(F,87.,(0(.-F;107(51(150A;(;7401(2;9.,/O(
F;/D8.9;(V(09;1=-.9;O(C,90(.1[75985;2,(/,(8,70,(40(40c1.7(2.(01(25(;7.P
U01(F704;-.1=(0/(.-F5/2;(,18.(.1257U0180(;(/;2(.18070202(40(,-F,7,7(
10U;9.;2(9;1(/,2(,7-,2O(01(F,78.95/,7(0/(1,79;87Jc9;(V(0/(9;187;/(40(
8.077,2O(8077.8;7.;2(V(709572;2(1,857,/02>(R,(70,99.=1([70180(,(/,(F70201P
9.,(A.;/018,(40(/,(U5077.//,O(9;145?;(,(/,(,2;9.,9.=1(9;1(0/(1,79;87Jc9;(
V(/,(4.-012.=1(40/(10U;9.;(./0U,/(4.;(/5U,7(,(/,(,-F/.,9.=1(40(;F0P
7,9.;102( 09;1=-.9,2>( @0( 028,( [;7-,O( 0/( 4.29572;( ,18.( .1257U0180( 20(
A50/A0([519.;1,/(,(/,(9;-F/.9.4,4(40(,58;7.4,402(9;1(0/(1,79;87Jc9;O(
V(/,2(028759857,2(F,7,-./.8,702(20(;[70901(9;-;(,/.,4;2(0c9,902(F,7,(
U,1,407;2O(8077,801.01802O(0-F702,7.;2(V(;87;2(2098;702(01(0/(0-F0P
T;(40(9;187;/,7(V(0pF/;8,7(8077.8;7.;2>('2D(/,2(9;2,2(,/(,-F,7;(40(/,2(
4.98,457,2(/;9,/02(40/(8077;7(20(,-3.018,7;1(8;4,(250780(40(10U;9.;2(
/D9.8;2(0(./D9.8;2O(01870(0//;2(0/(,9,F,7,-.018;(40(8.077,2(F,7,(/,(F5028,(
01(-,79C,(40(F7;V098;2(,U7;.145287.,/02O([;7028,/02O(40(U,1,407D,(.1P
8012.A,(V(40(-.107D,>(
'/(702F098;O(/,2(70A0/,9.;102(01(0/(-,79;(40/(F7;902;(40(!528.9.,(V(*,:(
401;8,1(b50(.1C070180(,/(F7;F=2.8;(97.-.1,/(40(709;1cU57,7(0/(K28,4;(
20(019;187,3,1(/;2(.18070202(09;1=-.9;2(2;370(/,2(8.077,2O(8077.8;7.;2(V(
709572;2(1,857,/02O(/;2(b50(9;-;(C,(20T,/,4;(/,(&;780(&;128.859.;1,/(
2;1(9,52,(V(0[098;(40(/,(A.195/,9.=1(01870(hvwx(,98;702(,7-,4;2(;(1;(
,7-,4;2O(/0U,/02(0(./0U,/02(vwxiO(01(0/(402F/,:,-.018;([;7:,4;(e'58;(
\k
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
aa]( 40( `aajfO( VO( F;7( 0140O( 40( /,( h9;187,770[;7-,( ,U7,7.,i( A.;/018,(
b50(20(0pF702,(01(0/(,5-018;(40(/,(9;190187,9.=1(40(/,(8.077,(V(40(/;2(
52;2(40/(250/;O(,-F/.,-0180(4;95-018,4,(F;7(0/(G75F;(40(60-;7.,(
<.28=7.9,(01(A,7.;2(40(252(.1[;7-02O(01870(0//;2O(hR,(8.077,(01(4.2F58,>(
60-;7.,2(40/(402F;?;(V(702.28019.,2(01(/,(9;28,(&,7.30i>(
I,?;(020(F7;F=2.8;(97.-.1,/O(2.U1,4;(F;7(/,(9;-.2.=1(40(U7,A02O(-,P
2.A,2(V(2.280-J8.9,2(A.;/,9.;102(40(40709C;2(C5-,1;2O(/,(9,F857,(40/(
K28,4;(V(0/(J1.-;(40(70[;7-,7(,2F098;2(2528,19.,/02(40(/,(&,78,(*;P
/D8.9,O(01870(0//;2(0/(709;1;9.-.018;O(702F08;(V(F7;8099.=1(40(/;2(4070P
9C;2(40(/;2(U75F;2(H81.9;2O(/,(3.;4.A072.4,4(,-3.018,/O(V(0/(,9902;(,(
8.077,2(F,7,(0/(9,-F02.1,4;(9;1(0/(c1(40(F7.A./0U.,7(0/(52;(40(807701;2(
F,7,( .-F5/2,7( U7,1402( F7;V098;2( 40( 402,77;//;( 09;1=-.9;O( 257U0( /,(
10902.4,4(40(F70U518,720(2.(0p.28.=(51,(0287,80U.,(-,97;97.-.1,/(F,7,(
402F;?,7(V(,F7;F.,720(40(8.077,2(V(8077.8;7.;2(V(F,7,(25(/0U,/.:,9.=1(01(
/,2(70U.;102(40(9;187;/(V(4;-.1.;(F,7,-./.8,7O(,2D(9;-;(b5.0102(/,(40P
807-.1,7;1(V(20(3010c9.,7;1(40(0//,>(@0(/,2(A072.;102(/.3702O(8028.-;P
1.;2(V(;87,2(409/,7,9.;102(01(8;71;(,(/,(-;8.A,9.=1(40(7095F07,7(/,2(
8.077,2(01(:;1,2(40(4;-.1.;(U5077.//07;O(/;2(.18070202(09;1=-.9;2(b50(
253V,9D,1(,(/,(0pF,12.=1(40(/,(&,2,(&,28,T;(V(0/(4;-.1.;(V(70F,78;(
40/(hI;8D1(40(G5077,iO(,2D(9;-;(40(/,(.1A.8,9.=1(b50([;7-5/,1(A,7.;2(
0p(9;-,14,1802(,(9;1A;9,7(1;(2=/;(,(/,2(028759857,2(,7-,4,2(01(0/(
029/,709.-.018;(40(/,(hA074,4(A074,407,i(2;370(0/(h,9,F,7,-.018;(40(
/,(8.077,2O(/,(5257F,9.=1(40(/,(F7;F.04,4(,U7,7.,O(/,(A.;/019.,(V(0/(402P
F/,:,-.018;iO(F,7090(.1[07.720(/,(0p.28019.,(40(51(F/,1(97.-.1,/(F,7,(
,F;407,720(40(8.077,2>(
*07;(2.1(/5U,7(,(454,2O(40(/,(70A.2.=1(V(0/(,1J/.2.2(40(/;2(20.2(9,2;2(b50(
20(9;-018,1(01(0280(4;95-018;(0-,1,1(/;2(0/0-018;2(9;-5102(b50(
-,79,7;1(/,(0pF,12.=1(09;1=-.9,(40/([01=-01;(F,7,-./.8,7(01U01P
47,4;(F;7(/;2(C07-,1;2(&,28,T;(V(252(2;9.;2O(,(F,78.7(40/(402F;?;(40(
/;2(8077.8;7.;2(9;/098.A;2(40(/,2(9;-51.4,402(10U7,2(40(!.U5,-.,14=(V(
&57A,7,4=g(\f(/,(8;-,(-./.8,7(V(0/(402F/,:,-.018;(,(2,1U70(V([50U;(01(
9;1[,35/,9.=1(9;1(-.0-37;2(40(/,(E507:,(*W3/.9,O(`f(/,(,F7;F.,9.=1(
,(/,([507:,(;([7,545/018,(V(/,(9;-F7,(,(-01;2(F709.;(40(U7,1402(0pP
8012.;102(40(8.077,2O(of(/,(.-F/0-018,9.=1(40(F7;V098;2(09;1=-.9;2(
40( U7,1( 029,/,( 01( ,2;9.;( 9;1( ,U01802( F7.A,4;2( /0U,/02( 0( ./0U,/02O( V((
\_(
"*!$)-100"2*
FW3/.9;2(V(]f(0/(70F;3/,-.018;(F,7,(0?07907(9;187;/(2;9.,/(01(/;2(8077.P
8;7.;2(/.307,4;2(40(/,(U5077.//,>(
@0(02;2(0/0-018;2(b50(20(70F.801(V(70c1,1(01(/;2(*7;V098;2(*7;459P
8.A;2(F,7,(/,(*,:(40(/;2(0p(9;-,14,1802(#,/A,8;70(6,1952;(V(E7044V(
B014=1(<07707,O(,2D(9;-;(40(/;2(9,2;2(40(402F;?;(b50(.1A;/597,1(,(
0280(W/8.-;(V(,(B;47.U;($;A,7(*5F;(V(*047;(<,23W1(6014;:,(b50(
C,1(2.4;(;3?08;(40(409.2.;102(?54.9.,/02(01(/;2(F7;902;2(40(!528.9.,(V(
*,:(20(F50401(0p87,07(/,2(9,7,9807D28.9,2(40(/;(b50(F;47D,(401;-.1,720(
/,(h0-F702,(40(/0U,/.:,9.=1(40/(402F;?;i(01(/,(b50([50([514,-018,/(/,(
F,78.9.F,9.=1(40(207A.4;702(FW3/.9;2(V(40(,U01802(09;1=-.9;2(F7.A,P
4;2(/0U,/02(0(./0U,/02>(
'/(C,3/,7(40(51,(0-F702,(97.-.1,/(40(402F;?;(V(/0U,/.:,9.=1(20(F,780(
40(/,(F70-.2,(40(b50(01(51(40807-.1,4;(-;-018;(40(/,(029,/,4,(40(
A.;/019.,O(20(9;1cU57=(51(F,87=1(40(9;14598,(01(0/(b50(.1807A.1.07;1(
-W/8.F/02(,98;702O(b50(95-F/D,1(F,F0/02(4.A072;2(F07;(07,1([519.;1,P
/02(,/(-;40/;(40(,95-5/,9.=1(40(7.b50:,(3,2,4;(01(0/(,F7;A09C,-.01P
8;(40(/,(A.;/019.,>("1;2(20(019,7U,3,1(40(/,(,99.=1(4.7098,(,7-,4,O(40(
/,(9,401,(40/(8077;7(01(9;187,(40(9;-51.4,402O(F;3/,9.;102(V(/D40702u(
;87;2(9;19577D,1(40240(0/(F;407(F;/D8.9;(V(09;1=-.9;(9;-;(2;9.;2O(
V(;87;2(37.14,3,1(25(,F;V;(-./.8,7(0(.128.859.;1,/>(*07;O(.U5,/-0180O(
028J1(/;2(9=-F/.902(.1A.2.3/02(b50(20(,F7;A09C,7;1(V(,F7;A09C,1(40/(
9.795.8;(A.;/018;(40(,F7;F.,9.=1>(#.(3.01O(028;2(1;(.1807A.0101(01(/,2(
,99.;102(A.;/018,2O(0(.19/52;(1;(10902,7.,-0180(9;1;901(/;2(408,//02(
40(/,2(9;14598,2(97.-.1,/02O(2D(F,78.9.F,1(01(/;2(02/,3;102(-J2(7018,P
3/02(40(/,(9,401,(40F704,4;7,(V(40/(3;8D1(40(U5077,>(
R,( 9;-F7012.=1( V( F7;[514.:,9.=1( 40( 028;2( 0/0-018;2( 02( 51,( 8,70,(
.-F;2807U,3/0(V(02019.,/(F,7,(/,(,F/.9,9.=1(40(/,(R0V(40(SD98.-,2(01(
,7,2(40(2,/4,7(/,(4054,(9;1(/;2(402F;20D4;2(b50([507;1(4028077,4;2(V(
F7.A,4;2(40(252(40709C;2(F,87.-;1.,/02O(V(40(0A.8,7(b50(20(9;12;/.40(
0/(402F;?;(V(/,(;95F,9.=1(./0UD8.-,O(2.1(F07?5.9.;(40(b50(20(87,80(40/(
,/,(-./.8,7(40(/,(0-F702,(97.-.1,/(;(40(252(2;9.;2(V(,/.,4;2O(,2D(9;-;(
40(/;2(b50(20(,F7;A09C,7;1(40(/,(A.;/019.,(F,7,(,990407(,(807701;2(0(
.-F/0-018,7(F7;V098;2(,U7;.145287.,/02(V([;7028,/02>(
'( F,78.7( 40( /;( ,1807.;7O( 0280( 80p8;( F7080140( -;287,7( /,( 10902.4,4( 0(
.-F;78,19.,( 40( C,907( 0A.40180( b50( 51;( 40( /;2( F7.19.F,/02( 402,[D;2(
\j
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
b50(,[7;18,(0/(F7;902;(02F09.,/(40(/,(R0V(jkl(40(`aal(V(40(/,(R0V(40(
SD98.-,2O(02(0/(40307(40(019;187,7(/,(A074,4(C.28=7.9,(40240(/,2(A07P
2.;102(V(8028.-;1.;2(40(/;2(F;285/,4;2(V(40(;87;2(-.0-37;2(40/(F,7,P
-./.8,7.2-;O(2;370(/;2(,58;702(.180/0985,/02(V(702F;12,3/02(40/(4028.0P
77;(,2D(9;-;(40(252(525[75985,7.;2(4.7098;2(0(.14.7098;2u(F7025F5028;(
[514,-018,/(F,7,(.-F/0-018,7(0[098.A,-0180(F;/D8.9,2(40(7028.859.=1(
,([,A;7(40(b5.0102([507;1(AD98.-,2(40(A.;/,9.;102(40(252(40709C;2(40(
F7;F.04,4(V(F;202.;102>(
#.1( 0-3,7U;O( /;2( .19.F.01802( 7025/8,4;2( 40( !528.9.,( V( *,:( V( /,2( 4./,P
9.;102( V( 87,3,2( F,7,( .1.9.,7( /,( ,F/.9,9.=1( 40( /,( 7028.859.=1( 40( 8.077,2(
40( /,2( AD98.-,2O( 01( F,780( F;7( /;2( -=A./02( 0( .18070202( 40( /;2( ,/.,4;2(
40( /,2( 028759857,2( 40( /,( &,2,( &,28,T;O( 0A.4019.,1( b50( 02,2( 1;7-,2(
1;(2;1(25c9.01802(F,7,(.4018.c9,7(/;2(702F;12,3/02(V(525[75985,7.;2(
40(/,2(A.;/,9.;102(40(/;2(40709C;2(F,87.-;1.,/02(V(F,7,(.4018.c9,7(V(
7095F07,7(/,2(8.077,2(0pF;/.,4,2(V(/0U,/.:,4,2(F;7(/,(0-F702,(97.-.1,/>(
&;-3,8.7(V(70A072,7(252(,985,9.;102(40-,14,(,4;F8,7(V(0?0958,7(-0P
4.4,2(9;-F/0-018,7.,2(V(,78.95/,4,2O(01870(0//,2(51,(*;/D8.9,(&7.-.1,/(
%180U7,/(b50(F07-.8,(.1A028.U,7O(?54.9.,/.:,7(V(2,19.;1,7(0[098.A,-01P
80(,(8;4;2(/;2(702F;12,3/02(V(0p8.1U5.7/02(0/(4;-.1.;(40(/;2(3.0102O(
2.1( F07?5.9.;( 40( b50( 20( 87,80( 40( ,7-,4;2( ;( 1;O( /0U,/02( ;( ./0U,/02O( V(
40/(F7;904.-.018;(b50(20(/02(,F/.b50(e?528.9.,(;74.1,7.,(9.A./O(-./.8,7(;(
87,12.9.;1,/f>(#.-5/8J10,-0180O(20(70b5.0701(,99.;102(019,-.1,4,2(,(
0A.4019.,7(/,2(702F;12,3./.4,402(F;/D8.9,2O(-;7,/02(V(H8.9,2(40(/;2(,/.,P
4;2(/0U,/02(40(/,(9,52,(97.-.1,/(V(,(.-F;107(/,2(702F098.A,2(2,19.;102(
F;/D8.9,2(V(2;9.,/02>(
'2D(/,2(9;2,2O(0/(F7020180(80p8;(9;128,(40(95,87;(9,FD85/;2>(K1(0/(F7.P
-07;(40(0//;2(20(C,90(51,(370A0(9,7,9807.:,9.=1O(9;180p85,/.:,9.=1(V(
U0;770[07019.,9.=1(40(/,(&,2,(&,28,T;(V(40(/,2('58;40[012,2(&,-F0P
2.1,2(40(&=74;3,(V("7,3J(e'&&"fO(/;2(3/;b502(V([701802(b50(028759P
857,/-0180(/,2(9;1[;7-,3,1O(V(51,(.14.A.45,/.:,9.=1(40(/;2(9;-,1P
4,1802(20/099.;1,4;2>(
"1,(A0:(.4018.c9,4;2(/;2(F;285/,4;2O(?518;(9;1(/;2(U75F;2(01(/;2(b50(
;F07,3,1O(01(0/(9,FD85/;(20U514;(20(70,/.:,(n.U5,/-0180(40(-,107,(
U0107,/n(51,(9,7,9807.:,9.=1(40(/,2(70U.;102(V(8077.8;7.;2(01(/;2(b50(
C.9.07;1(F702019.,(/,2('&&"(V(252(.18070202(2;370(0//;2>('/(40807-.P
`a(
"*!$)-100"2*
1,7(/;2([,98;702(U0107,/02(40/(9;-079.;(/;9,/(V(70U.;1,/O(V(/,2(F;8019.,P
/.4,402(V(7.b50:,2(40(/;2(8077.8;7.;2O(02(F;2.3/0(87,:,7(/;2(10p;2(01870(
402F/,:,-.018;(40(/;2(C,3.8,1802(40(/,2(70U.;102(01(b50(C.9.07;1(F70P
2019.,(/,2('&&"(V(/;2([01=-01;2(40(9;190187,9.=1(40(/,(8.077,>(@0(
.U5,/(-,107,O(02(F;2.3/0(,F7;p.-,720(,(4;2(40(/;2(U7,1402(708;2(40(/,(
R0V(40(SD98.-,2u(028;(02O(/,(F7;8099.=1(V(40[012,(40(/,(A.4,(V(/;2(3.0P
102(40(/;2(709/,-,1802(V(/,(,202;7D,(V(,9;-F,T,-.018;(.180U7,/([70180(
,(807907;2(b50(20(;F;147J1(,(252(709/,-,9.;102(,/0U,14;(25(3501,([0(
01(/,2(9;-F7,A018,2(70,/.:,4,2(01(:;1,2(b50([507;1(,:;8,4,2(F;7(/,(
A.;/019.,(F,7,-./.8,7O(V(01(/,2(b50(F072.2801(U75F;2(,7-,4;2(./0U,/02(
.180U7,4;2(F;7(402-;A./.:,4;2(b50(A;/A.07;1(,(40/.1b5.7(V(F;7(-.0-P
37;2(40(/,2('"&(b50(1;(20(402-;A./.:,7;1(1.(01870U,7;1(/,2(,7-,2O(
,/.,4;2(9;1(/;2(h#0T;702(40(/,(@7;U,i(VO(01(;9,2.;102O(9;1(/,2(U5077.P
//,2O(/;2(b50(,40-J2(40(-,180107(0/(1,79;87Jc9;(37.14,1(20U57.4,4(,(
/;2(,9,F,7,4;702(40(8.077,2(V(40(F7;V098;2(40(402,77;//;>(
*;2807.;7-0180O(01(0/(9,FD85/;(807907;(40(028,(.1A028.U,9.=1(20(,1,/.:,(
/,(9;187.359.=1(40(/;2(-.0-37;2(402-;A./.:,4;2(40(/,2('&&"(,/(02P
9/,709.-.018;(40(/,(A5/107,9.=1(40(/;2(40709C;2(F,87.-;1.,/02(n8.077,2(
V(8077.8;7.;2n(40(/,2(AD98.-,2O(,(/,(70A0/,9.=1(40(/;2(.18070202(V(-;8.A,P
9.;102(b50(40c1.07;1(0/(4028.077;O(V(40(/;2(3010c9.,7.;2(40/(402F;?;O(
,2D(9;-;(/;2(0[098;2(10U,8.A;2(40(/,(0p87,4.9.=1(01(/,(-,807.,>(K280(
,1J/.2.2(20(9;-F/0-018,(9;1(0/(3,/,190(01(0/(;[709.-.018;(V(01870U,(
40(3.0102(F;7(F,780(40(/;2(F;285/,4;2(F,7,(95-F/.7(9;1(0/(40709C;(
,(/,(7028.859.=1(40(252(AD98.-,2O(9;-;(9;-F;10180(40/(40709C;(,(/,(
70F,7,9.=1(V(9;1(0/(7028,3/09.-.018;(40(/;2(40709C;2(F,87.-;1.,/02(40(
/,2(-.2-,2>
#0(F7;2.U50(,(,1,/.:,7(2.(0/(402F;?;(C.:;(F,780(40(/,2(0287,80U.,2(h-,P
97;97.-.1,/02i(40(51(,F,7,8;(40(F;407(9;128.85.4;(F,7,(.-F;107(51(
;7401(2;9.,/O(F;/D8.9;O(09;1=-.9;(V(95/857,/(2528018,4;(01(0/(4028.077;(
A.;/018;(e9,FD85/;(95,78;f>(K1(028,(F,780O(,(F,78.7(40(/,2(70A0/,9.;102(
0pF5028,2( 01( 0/( 9,FD85/;( 807907;O( /;2( [,//;2( 40( /,( &;780( #5F70-,( 40(
!528.9.,(01(/;2(F7;902;2(40(9;19.078;(F,7,(40/.1b5.7(V(/,(40297.F9.=1(
40(20.2(9,2;2O(20(.18018,(.4018.c9,7(/,2(4.-012.;102(40(/,(A5/107,9.=1(
40(/,2(8.077,2(V(8077.8;7.;2(01(/;2(J-3.8;2(09;1=-.9;2O(.128.859.;1,/02(
V(F;/D8.9;2>
`\
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
*,7,( c1,/.:,7( 20( F702018,1( ,/U51,2( h9;19/52.;102( V( 709;-014,9.;P
102iO(20U5.4,2(40(/,2(2099.;102(h,370A.,857,2iO(h,10p;2iO(V(51,(h70/,P
9.=1(40(95,47;2O(02b50-,2(V(-,F,2iO(F,7,(807-.1,7(9;1(51,(9;-F/08,(
2099.=1(40(h70[07019.,2i>
``(
!02W2('3,4(&;/;7,4;(m
0%.3!1+)'"
#&!$10!1$%&'-#'+%'0%&%'0%&!%4)'
&;1(0/(c1(40(9;180p85,/.:,7(0/(,F;780(40(/,2(A072.;102(40(/;2(402-;P
A./.:,4;2PF;285/,4;2(,/(029/,709.-.018;(40(/,(A074,4(2;370(/,(,F7;F.,P
9.=1(./0U,/(0(./0UD8.-,(40(8.077,2(V(8077.8;7.;2O(V(9;1(0//;(,(/,(7028.859.=1(
,(252(F7;F.08,7.;2(V(F;2004;702O(,(9;18.15,9.=1(20(40297.3.7J1(/,2(02P
8759857,2(40(/,(&,2,(&,28,T;(20/099.;1,4,2(F,7,(028,(.1A028.U,9.=1(V(
/,2(:;1,2(01(b50(;F07,7;1>(
#0UW1(/,2(.1A028.U,9.;102(,40/,18,4,2(F;7(/,("1.4,4(40(!528.9.,(V(
*,:(40(/,(E.29,/D,(G0107,/(40(/,(N,9.=1(eEGN(;(E.29,/D,f(40187;(40/(
-,79;(40/(F7;902;(40(!528.9.,(V(*,:O(/,2('&&"(U028,4,2(F;7(/,(&,2,(
&,28,T;O(20(402-;A./.:,7;1(01(4.09.150A0(3/;b502(,58;401;-.1,4;2(
e,10p;(\>(@02-;A./.:,9.;102('58;40[012,2(&,-F02.1,2(40(&=74;3,(
V("7,3Jfg(\f(I/;b50(#57;0280('18.;b50T;u(`f(I/;b50(Q99.40180('1P
8.;b50T;u(of(I/;b50(<H7;02(40($;/;AJu(]f(I/;b50(6.107;2u(lf(I/;b50(
N;780u( ^f( I/;b50( <H7;02( 40( G7,1,4,u( kf( I/;b50( r/-07( &J7401,2u(
_f(I/;b50($;/.-,u(jf(I/;b50(I,1,107;u(\af(I/;b50(&,/.-,u(\\f(I/;P
b50(&,9.b50(N58.3,7,u(\`f(I/;b50(&018,57;2u(\of(I/;b50(<H7;02(40/(
&C;9=(V(*,9Dc9;u(\]f(I/;b50(6;1802(40(6,7D,u(\lf(I/;b50(R,(6;?,P
1,u(\^f(I/;b50(&=74;3,u(\kf(I/;b50(&,8,85-3;u(\_f(I/;b50($,V7;P
1,u(V(\jf(I/;b50(<H98;7(!5/.;(*0.1,4;(I09077,O(/;2(b50(;F07,3,1(01(
A,7.,2(70U.;102(40/(8077.8;7.;(9;/;-3.,1;(e-,F,(N;>(\f>(
`l
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
/%.%'*)5'65(G0;770[07019.,9.=1(40(/,2('&&"
BL. NORTE
GUAJIRA
ATLANTICO
F. RESISTENCIA
MAGADALENA
F. HECTOR JULIO PEINADO
CESAR
B. CATATUMBO
SUCRE
CORDOBA
F. MONTES DE MARIA
NORTE DE
SANTANDER
BOLIVAR
B. LA MOJANA
ANTIOQUIA
SANTANDER
B. CORDOBA
ARAUCA
B. ELMER CARDENAS
CHOCO
BOYACA
CALDAS
CASANARE
RISARALDA
CUNDINAMARCA
VALLE
TOLIMA
F. HEROES DE TOLOVA
VICHADA
META
B. CENTAUROS
CAUCA
GUAVIARE
NARIÑO
PUTUMAYO
B. CALIMA
B. HEROES DE CHOCO Y PAC
B. TOLIMA
B. MINEROS
B. NOROCCIDENTE ANTIOQUEÑO
CAQUETA
B. BANANERO
B. SUROESTE ANTIOQUEÑO
F. HEROES DE GRANADA
F CACIQUE NUTIBARA
Georeferenciación
Accu
Fuente: FGN, 2010 - b
K28,( .1A028.U,9.=1O( 9;1( 3,20( 01( /,( 9/,2.c9,9.=1( 0/,3;7,4,( F;7( /,(
E.29,/D,O(F020(,(b50(9;-;(20(A07J(,(/;(/,7U;(40/(80p8;O(/,2(,58;401;P
-.1,9.;102(4,4,2(,(/;2(3/;b502(,/(-;-018;(40(/,2(402-;A./.:,9.;102(
1;(9;7702F;1401(10902,7.,-0180(9;1(/;2(1;-3702(b50(;28018,3,1(V(
9;1(/;2(b50(;F07,3,1(,1802(40(0//,2>('(9;18.15,9.=1(20(40297.3.7J1(/;2(
3/;b502(20/099.;1,4;2(b50(C.9.07;1(F702019.,(01(/;2(40F,78,-018;2(
40(&=74;3,O(#5970O(I;/DA,7O(6,U4,/01,O(&02,7(V(N;780(40(#,18,1407O(
,2D(9;-;(01(/,(70U.=1(40/("7,3J(e-,F,(N;>(`f>(
\f( K/( I/;b50( r/-07( &J7401,2O( 9;-,14,4;( F;7( E7044V( B014=1(
<07707,>
`f(K/(I/;b50(I,1,107;O(9;-,14,4;(F;7(rA07(S0/;:,(G,79D,>
of( K/( I/;b50( 6;1802( 40( 6,7D,O( 9;-,14,4;( F;7( K4Y,74( &;3;2(
$H//0:>
]f(R;2(3/;b502(&=74;3,(V(&,8,85-3;O(9;-,14,4;2(F;7(#,/A,8;70(
6,1952;>
`^(
0%.3!1+)'6
lf(K/(.4018.c9,4;(9;-;(I/;b50(N;780O(9;-,14,4;(F;7(B;47.U;(
$;A,7(*5F;>(
K1(02,(/D10,O(01(F7.-07(/5U,7(20(C,90(,/52.=1(,(/,(&,2,(&,28,T;(V(01(
20U5.4,(,(/,2(9.8,4,2(028759857,2>
/%.%'*)5'75'G0;770[07019.,9.=1(40(/;2(3/;b502(20/099.;1,4;2(
Fuente: FGN, 2010 - b
65'+%'0%&%'0%&!%4)
R,2(402-;A./.:,4,2('58;40[012,2(&,-F02.1,2(40(&=74;3,(V("7,3JO(
970,4,2(01(\jj]O([507;1(0/(F7.19.F,/(U75F;(F,7,-./.8,7(b50(F70904.=(
,(/,(9;1[;7-,9.=1(40(/,2(401;-.1,4,2('"&(01(\jjk`>(K1(F,/,37,2(
40(#,/A,8;70(6,1952;O(51;(40(252(-J2(.-F;78,1802(9;-,14,1802O(0/(
;7.U01(40(/,(&,2,(&,28,T;(20(4.;(95,14;(
( R,2( 402-;A./.:,9.;102( 9;/098.A,2( 40( /;2( U75F;2( F,7,-./.8,702( 20( 2528018,7;1( 01( /;2(
,95074;2(40(B,/.8;(V(40(EJ8.-,O(25297.8;2(0/(\l(40(?5/.;(40(`aao(V(0/(\`(V(\o(40(-,V;(40(
`aa]O(702F098.A,-0180>(
`
`k
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
vwx(/;2(&,28,T;(b507D,1(/,(708;-,(40(&=74;3,O("7,3JO(0/(0?0(3,1,10P
7;(V(/,(2,/.4,(,/(-,7(b50(0p.UD,(9;;74.1,9.=1(V(9;190187,9.=1(40([507:,2O(
C;-3702O(,7-,2(V(-51.9.;102>(#0(028,3,1(970,14;(/,2(3,202(9;190F85,P
/02(V(;F07,8.A,2(40(/;(b50(207D,1(/,2(,58;40[012,2(9,-F02.1,2(40(&=74;3,(
V("7,3J(e6,1952;O(`aa^f>(
"1,(A0:O(/;2(C07-,1;2(&,28,T;(V(252(,/.,4;2(9;12;/.4,1(0/(9;187;/(
V(4;-.1.;(40(/,(&,2,(&,28,T;(01(0/(40F,78,-018;(40(&=74;3,(V(01(
0/("7,3J(9C;9;,1;P,18.;b50T;O(&,7/;2(&,28,T;(8;-=(/,(409.2.=1(40(
0p801407(25(,99.;1,7(,/(1;780(40/(F,D2(V(019,7U,(,(#,/A,8;70(6,1952;O(
b5.01(1,77=g(
vwx( &,7/;2( &,28,T;( .40=( 51,( 0287,80U.,( V( -0( 4.?;g( y6,1952;( 52804(
A,(,(,-F/.,7(/,(9;307857,(40(/,2(,58;40[012,2(V(A,-;2(,(970,7(0/(I/;b50(
N;780O(020(I/;b50(N;780(4030(52804(.720(,(9;1[;7-,7/;(-5/8.F/.9,14;(
/,2(&QNS%S%BK#(01(8;4,2(/,2(J70,2(V(709.3.014;(,F;V;(40(/;2([701802(
40(,58;40[012,2(b50(028J1(01(0/(J70,O(F;7b50(01(40807-.1,4;(-;-018;(
02,2(&QNS%S%B(b50(028J1(40-,14,4,2(20(A,1(,(9,07(V(80147J1(b50(402P
0-3;9,7(01(25(-,V;7D,(01(/,2(,58;40[012,2O(018;1902(,77,19;(V;(9;1(/,(
-.2.=1(40(-5/8.F/.9,7(/,2(&QNS%S%BK#(01(8;4;(0/(1;780(40(&;/;-3.,z(
e@K#)*9f>
K1(\jj]O(/,(&,2,(&,28,T;(970=(/,2('&&"(b50(20(9;1A.78.07;1(01(
0/(U75F;(F,7,-./.8,7(-J2(U7,140(V(;7U,1.:,4;(40(&;/;-3.,oO(0/(b50O(
,40-J2(40(/,2(70U.;102(02854.,4,2(F,7,(0280(4;95-018;O(20(0p8014.=(
,(;87;2(8077.8;7.;2(40/(F,D2O(01870(0//;2(/;2(//,1;2(Q7.018,/02>(I,?;(0/(
/.407,:U;(40(S.90180(&,28,T;(V(0/(,9;-F,T,-.018;(40(rA07(S0/;:,O(
K[7,D1(*H70:(&,74;1,O(,/.,2(h]aai(V(!02W2(%U1,9.;(B;/4J1(*H70:O(9;P
1;9.4;(9;-;(h6;1;/09C0iO(01870(;87;2(-.0-37;2(40(/,(&,2,(&,28,P
T;O(9;1[;7-,7;1(/;2(I/;b502(&018,57;2O(<H7;02(40/(R/,1;(V(<H7;02(
40/( G5,A.,70>( '/( .U5,/( b50( 01( /,( 70U.=1( &,7.30( V( 01( K/( &,8,85-3;O(
25(0187,4,(V(F702019.,([50(,F;V,4,(F;7(2098;702(F;/D8.9;2O(-./.8,702(V(
09;1=-.9;2O(8,/(V(9;-;(/;(40297.30(/,(&;780(#5F70-,(40(!528.9.,(01(/,(
2018019.,(9;187,(0/(0p(U;3071,4;7(40/(40F,78,-018;(40/(G5,A.,70O(01(
/,(b50(20(1,77,(/,(7051.=1(70,/.:,4,(01(/,(c19,(K/(S014,A,/O(-51.9.F.;(
40(*,7,803501;O(40(F7;F.04,4(40(N03.;(K9C0A077VO(F7.-;(40(R=F0:(
(S074,4'3.078,g(I/;b502(#.1W(V(#,1(!;7U0>
o
`_(
0%.3!1+)'6
&,4,A.4(eS07g(&#!O(`a\\(P({29,7(40(!02W2(R=F0:(&,4,A.4O(0p(U;3071,P
4;7(40/(40F,78,-018;(40/(G5,A.,70f>(
K1(\jjk(/,(&,2,(&,28,T;(F7;-;A.=(/,(9;1[;7-,9.=1(40(/,2('58;P
40[012,2("1.4,2(40(&;/;-3.,O(/,2(b50(25297.3.07;1(/;2(,95074;2(9;1(
0/( G;3.071;( N,9.;1,/( 801401802( ,( 25( 402-;A./.:,9.=1( V( 402,7-0( ,(
9,-3.;(40(3010c9.;2(?57D4.9;2O(F;/D8.9;2(V(09;1=-.9;2>(@.9C;2(,9507P
4;2(4.07;1(/5U,7(,(/,(0pF04.9.=1(40(/,(R0V(jkl(40(`aal(V(,(252(409708;2(
70U/,-018,7.;2>(
/%.%'*)5'85'G0;770[07019.,9.=1(40(/,2('"&
Fuente: FGN, 2010 - b
JKJK*C/.@:-1*1-/-((&.%$7.1
K1(0280(,F,780O(9;1(3,20(01(/,(.1[;7-,9.=1(40(/,(E.29,/D,O(20(9,7,9P
807.:,7J1(/;2(3/;b502(V(9;-,14,1802(40(/,2(,58;40[012,2(40(&=74;3,(
V( "7,3J( 8;-,4;2( F,7,( 028,( .1A028.U,9.=1( e02b50-,( N;>( \( V( ,10p;(
`>(K28759857,2(F,7,-./.8,702(V(-.0-37;2f>(K1(F7.-07(/5U,7(20(,3;7P
4,1(/;2(3/;b502(b50(C.9.07;1(F702019.,(01(/,(70U.=1(40/("7,3J(V(01(
20U5.4,( 01( /;2( b50( ,985,7;1( 01( /,( 70U.=1( 40/( &,7.30( V( 01( N;780( 40((
`j
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
#,18,1407>(K1(0/(,10p;(\>(@02-;A./.:,9.;102('58;40[012,2(&,-F0P
2.1,2( 40( &=74;3,( V( "7,3J( 20( 70/,9.;1,1( /,2( [09C,2( V( /;2( /5U,702( 01(
4;140(20(402-;A./.:,7;1>(
#&91#/%'*)5'65'K28759857,(;7U,1.:,9.;1,/(
40(/;2(3/;b502(20/099.;1,4;2
AUTODEFENSAS CAMPESINAS
DE CÓRDOBA Y URABÁ
Bloque Elmer
Cárdenas
Bloque
Bananero
Bloque Héroes
de Montes
de María
Bloque
Calima
Freddy Rendon
Herrera, alias
EL ALEMAN
Ever Veloza
García, alias
“HH”
Bloque
Córdoba
Bloque
Norte
Bloque
Catatumbo
Edwar Cobos
Tellez, alias
DIEGO VECINO
Rodrigo Tovar
Pupo, alias
JORGE 40
Salvatore
Mancuso
Gómez, alias
MONO
MANCUSO
Fuente: FGN, 2010 - b
&;-;( V,( 20( -019.;1=O( 028,( .1A028.U,9.=1( F,780( 40/( 25F5028;( 40(
b50O( 2.( 3.01( /,( .1[;7-,9.=1( 40( /,( E.29,/D,( F07-.80( ,F7;p.-,720( ,( /,(
028759857,( F,7,-./.8,7( 40( /,2( '&&"( b50( 207J( ;3?08;( 40( ,1J/.2.2O( 02(
F709.2;(709;1;907(b50(25(58./.4,4(02(/.-.8,4,(8;4,(A0:(b50(/;2(1;-P
3702(9;1(/;2(b50(20(402-;A./.:,7;1(A,7.,2(40(/,2(028759857,2(40(/,(&,2,(
&,28,T;(2;1(4.[0701802(,(/;2(b50(70,/-0180(58./.:,3,1O(V(,(b50(/,(F70P
2019.,(8077.8;7.,/(V(/,(028759857,(-./.8,7(40(/;2(3/;b502(07,(-5V(A,7.,3/0(
0( .770U5/,7O( 9;187,7.;( ,( /,( F708012.=1( 40( &,28,T;O( 7,:=1( F;7( /,( 95,/(
#,/A,8;70(6,1952;(,c7-,(b50(/,2('"&(07,1(51,(&;1[0407,9.=1(40(
E0407,9.;102>('/(702F098;(0280(0p(9;-,14,180(0pF702=(b50O
oa(
0%.3!1+)'6
vwx(/;2(;7U,1.U7,-,2(V(028,858;2(vwx(70[/0?,3,1(51(02b50-,(40([51P
9.;1,-.018;(.40,/u(F709.2,-0180(0/(b50(0/(9;-,14,180(&,7/;2(&,28,T;(
4020,3,(b50(9;1;9.07,1(/;2(9;/;-3.,1;2(F07;(b50(01(/,(70,/.4,4(?,-J2(
0p.28.=(V(-01;2(;F07=O(F;7(95,18;([50(.-F;2.3/0(,F/.9,7/;2(01(7,:=1(,/(
9,7J9807([50780-0180([0407,/.:,4;(40(/,(;7U,1.:,9.=1>('40-J2O(/;(.1[;7P
-,/(F7.-,3,(2;370(/;([;7-,/(0(.19/52.A0(/,(F7;F.,(?57.24.99.=1(8077.8;7.,/(
40(9,4,(51;(40(/;2(3/;b502(07,(25-,-0180(.140[.1.4,(V(9;1[52,(e6,1P
952;O(`aa^(V(`a\\f>
*020(,/(h9,7J9807([50780-0180([0407,/.:,4;iO(40(/,2('&&"(V(02F0P
9.,/-0180( 40( /,2( '"&( n80-,( ,/( b50( 20( C,90( ,/52.=1( 01( 0/( 9,FD85/;(
95,78;nO(/;2(3/;b502(20(9,7,9807.:,3,1(,2DO(20UW1(/;(0pF702=(#,/A,8;70(
6,1952;g(
vwx(51(3/;b50(028,3,(9;1[;7-,4;(F;7(4;2([701802(;(-J2>("1([70180O(
F;7(4;2(9;-F,TD,2(;(-J2O(b50(2;1(\^a(C;-3702>("1,(9;-F,TD,O(F;7(
4;2(U75F;2(b50(2;1(9,4,(U75F;(40(;9C018,(C;-3702(;(-J2>("1(U75F;O(
F;7(4;2(2099.;102(9,4,(51,(40(95,7018,(C;-3702(;(-J2>("1,(2099.=1O(
F;7(4;2(0295,47,2(b50(2;1(A0.180(C;-3702(;(-J2>("1,(0295,47,O(F;7(4;2(
0b5.F;2(9,4,(51;(40(4.0:(C;-3702(;(-J2>()(9,4,(0b5.F;(;(9;-,14;(
801D,(9.19;(C;-3702(e6,1952;O(`aakf>
JKLK*C/.@:-1*-%*-/*S"$OG*(T.(.$%.U$%,&.@:-V.
K1(/,(70U.=1(40/("7,3J(9;74;3H2P9C;9;,1;P,18.;b50T;O(/,(F70201P
9.,( 40( /,( &,2,( &,28,T;( 20( 4.;( .1.9.,/-0180( ,( 87,AH2( 40( U75F;2( b50(
,985,7;1(F7.-07;(3,?;(/,2(=740102(40(E.40/(V(/50U;(40(&,7/;2(&,28,T;(
01(#,1(*047;(40("7,3J>('(028;2O(,2D(9;-;(,/(I/;b50(<H7;02(40($;/;AJ(
V(,(/,2(028759857,2(40(S.90180(&,28,T;(01($.8.7.3DO('1U0/=F;/.2(V('-,P
UJO(b50(9;12;/.4,7;1(51,(02F09.0(40(C077,457,(40(9;187;/(8077.8;7.,/(
,/70404;7( 40/( 401;-.1,4;( hK?0( I,1,107;i( 01( 0/( "7,3J( e-,F,( N;>(
ofO(20(/02(702F;12,3./.:,O(01870(;87;2(97D-0102O(40/(,3,14;1;([;7:,4;(
V(40(/,(,F7;F.,9.=1(A.;/018,(V([7,545/018,(40(8077.8;7.;2(9;/098.A;2(40(
U75F;2(H81.9;2(V(40(F704.;2(40(F,78.95/,702(eS07g(402F;?;(01(!.U5,P
-.,14;O(&57A,7,4=(V($5/,F,2O(V(402F;?;(01(:;1,2(40(hK/('/0-J1i(V(
F704.;2(,F7;F.,4;2(F;7(<,23W1f>(
o\
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
/%.%'*)5':5'*702019.,(40(/,2('&&"(01(0/("7,3J'
Mapa elaborado a partir del mapa de la Vicepresidencia de la República, 2006.
'(9;18.15,9.=1(20(,1,/.:,7J1(/,2(028759857,2(40/(I/;b50(r/-07(&J7P
401,2O(3,?;(0/(-,14;(40(E7044V(B014=1(<07707,O(,/.,2(hK/('/0-J1hO(
V(40/(I/;b50(I,1,107;O(/.407,4;(9;1?518,-0180(F;7(rA07(S0/;:,(G,7P
9D,O(,/.,2(h<<i(V(0/(0-F702,7.;(3,1,107;(B,W/(K-./.;(<,23W1O(,/.,2(
h*047;(*;180i>
JKLKJK*C/.@:-*W/=-"*;G"7-%$1*
K/(3/;b50(9;-01:=(252(;F07,9.;102(9;-;(0/(U75F;(hR;2(I0/01P
U502i([514,4;(F;7(&,7/;2('74./,O(,/.,2(h&,7/;2(&;770,iO(b50(F;280P
7.;7-0180(20(9;1A.78.=(01(0/(U75F;(40(hR,2(@0[012,2iO(0/(b50(,(25(A0:(
20(87,12[;7-=(01(0/(U75F;(hR,(kai>(K1(\jj_(20(,58;401;-.1=(hI/;P
b50( r/-07( &J7401,2iO( 01( 709;1;9.-.018;( ,( 51;( 40( 252( -.0-37;2O(
-5078;(01(\jjk>(K/(IK&O(9;-;(/;(20T,/,(/,(E.29,/D,(2.0-F70(;F07=(
3,?;(/,2(4.7098.A,2(40(/,(&,2,(&,28,T;O(F020(,(b50(01(,/U51,2(;F;785P
1.4,402(,/.,2(hK/('/0-J1i(-,1.[028=(/;(9;187,7.;>
o`(
0%.3!1+)'6
R,( 70U.=1( 40/( "7,3J( 20( 4.A.4.=( 01870( A,7.;2( U75F;2u( ,/( IK&( 9;P
7702F;14D,1( ,/U51;2( 40( /;2( -51.9.F.;2( 40( /,( -,7U01( .:b5.074,( 40/(
7D;(#.1WO(V(;87;2(-51.9.F.;2(40/(1;780(40("7,3J(V(51,(F,780(40(/,(?5P
7.24.99.=1(40($573;>('2D(/,2(9;2,2O(0/(I/;b50(r/-07(&J7401,2(028,3,(
9;-F5028;(F;7(9.19;([701802g(\f(G,37.0/('5,.>(`f(&;28,107;>(of(N;780(
#,/,b5D>(]f($,10/,(V(lf(*,A,7,14=>(
#0UW1(E7044V(B014=1(<07707,O(0/(IK&(20(;7.U.1=(9;-;(F,780(40(/,2(
,58;40[012,2(9,-F02.1,2(40(&=74;3,(V("7,3JO(F07;(20(87,12[;7-=(01(
hvwx(51(-;A.-.018;(2;9.,/(V(F;/D8.9;(40(9,7J9807(70U.;1,/(b50(-.7,3,(
/;2(.18070202(1,9.;1,/02(40(/;2(9;/;-3.,1;2iO(401;-.1,4;(h*;7(51,(
"7,3J(G7,140O("1.4,(V(01(*,:i(eB014=1O(`aakfO(40/(b50(C,9D,(F,780(0/(
*7;V098;(40('/8071,8.A.4,4(#;9.,/(e*'#QfO(95V,(9;18.15.4,4([50(51,(
0p.U019.,(F,7,(25(402-;A./.:,9.=1(eS07g(***(40(hK/('/0-J1if>(
K/(-;A.-.018;(h*;7(51,("7,3J(G7,140O("1.4,(V(01(*,:i(20(01-,7P
9,3,(01(/;2(2.U5.01802(F7.19.F.;2g(\f(R.3078,4g(70,/(40(9,4,(51;(40(/;2(
9;/;-3.,1;2(F,7,(70,/.:,720(9;-;(207(C5-,1;(V(9;-;(9.54,4,1;>(`f(
@0-;97,9.,g(70,/(.19/5V0180(V(F,78.9.F,8.A,(9;-;(9;180p8;(.40,/(F,7,(
0/(0?079.9.;(40(/,2(/.3078,402(V(0/(95-F/.-.018;(40(/,2(702F;12,3./.4,P
402>(of(Kb5.4,4g(/,(?528.9.,(9;-;(0b5.4,4(018014.4,(,/(-.2-;(8.0-F;(
9;-;( 51,( -08,( 2;9.,/( V( 51( -04.;( F,7,( /,( 70,/.:,9.=1( 40( 8;4;2( /;2(
F7.19.F.;2(40(25(-,79;(.40;/=U.9;>O(V(]f(#0U57.4,4g(F,7,(F;2.3./.8,7(/,(
9;1A.A019.,(,7-=1.9,(eF53/.9,4;(01(25(FJU.1,(Y03f]>(IK&(9;18,3,(
9;1(51,(3,1407,(9;/;7(3/,19;(eF,:f(V(A0740(e02F07,1:,f(b50(801D,(0/(
/;U;( 9;-F5028;( F;7( /;2( 8702( 9;/;702( 40( /,( 3,1407,( 1,9.;1,/( 9;1( /,(
.1297.F9.=1(IK&('&(,(25(,/70404;7>(
K/(\`(40([03707;(40/(`aaoO(/,(9;-,14,19.,(40/(IK&(.1[;7-=(,/(G;P
3.071;(25(409.2.=1(40(-,7U.1,720(40/(F7;902;(b50(20(.1.9.,3,(9;1(/,2(
'"&O(,/0U,14;(b50(/,2(9;14.9.;102(40(/,2(:;1,2(4;140(;F07,3,1(1;(
F07-.8D,1(,A,1:,7(C,9.,(51,(2;/59.=1(10U;9.,4,O(F502(40187;(40/(U75P
F;(,7-,4;(1;(0p.28D,(51(9;12012;(2;370(/,2(U,7,18D,2(40/(F7;902;(40(
402-;A./.:,9.=1>(#.1(0-3,7U;O(0/(_(40(20F8.0-370(40(`aal(409/,7=(0/(
9020(40(C;28./.4,402(V(,90F8=(C,907(F,780(40/(F7;902;>(@0(/,(8;8,/.4,4(
(R,(FJU.1,(Y03(YYY>,9530>;7U(;F07=(C,28,(/,([09C,(40(25(402-;A./.:,9.=1>
]
oo
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
40(C;-3702(V(-5?0702(402-;A./.:,4;2(40/(IK&(0/(_]|(07,1(,[7;402P
9014.01802O(0/(o|(.14DU01,2(V(0/(7028;(-028.:;2(e6'**PQK'O(`aakf>
JKLKJKJK*;.=$%7$%,-*7-/*C?;E*X"-77A*>-%7)%*Y-""-"$*
hK/('/0-J1iO(9;-,14,180(V(70F702018,180(40/(3/;b50lO(01(/,2(,5P
4.019.,2(40(A072.=1(/.370O(70/,8=(25(;7.U01(9,-F02.1;(01('-,/cO('1P
8.;b5.,O(01(\jk]>($7,2(25(0pF07.019.,(9;-;(,V54,180(40(51(9,-.=1(
907A0907;O(,77.3=(,/("7,3J(9C;9;,1;(V(20(.128,/=(01(0/(-51.9.F.;(40(
N09;9/D>('(252(A0.18.4=2(,T;2O(9;1;9.=(,(&,7/;2(&,28,T;(b5.01(/;(F07P
25,4.=(01(\jjl(40(A.195/,720(,(/,2(,58;40[012,2^>(&;-018=(8,-3.H1(
b50(0/(,F;4;(40(hK/('/0-J1i(02(0/(7025/8,4;(40(25(;3202.=1(F;7(0/(
;7401(V(/,(4.29.F/.1,O(F07;(8,-3.H1(02(9;1;9.4;(9;-;(h!;2H('/[704;(
I077D;iO( h*5-,( ]i( ;( hZ5.b50i>( K/( \l( 40( ,U;28;( 40( `aa^O( B014=1(
<07707,O(C07-,1;(40(@,1.0/O(,/.,2(h@;1(6,7.;iO(!,.7;(B014=1O(,/.,2(
hG07-J1( 6;12,/A0i(;(h@;1(G07-J1i(V(E071,14;O(,/.,2(h*.F0i(;(
hR;7,85078,iO(8,-3.H1(-.0-37;2(40(/,2('&&"O(20(402-;A./.:=(01(/,(
A0704,(K/($.U70O(-51.9.F.;(40("1UD,O(&C;9=>('985,/-0180(20(019501P
87,(709/5.4;(01(/,(9J790/(40(%8,U}D(01(6040//D1O('18.;b5.,>(
JKLKLK*C/.@:-*C$%$%-".*
K280(3/;b50(0285A;(9;-F5028;(F;7(4;2(U75F;2(;([701802g(0/(U75P
F;(40($573;O(9;-,14,4;(F;7(rA07(S0/;:,(G,79D,k(V(0/(E70180('/0p(
<578,4;O(,(9,7U;(40(B,W/(K-./.;(<,23W1(6014;:,O(,/.,2(h*047;(I;P
1.8;i(;(h*047;(*;180i>($5A;(F702019.,(01(0/(401;-.1,4;(0?0(3,1,P
107;(b50(9;-F70140(/;2(-51.9.F.;2(40($573;O('F,78,4=O(&C.U;7;4=(
V(&,70F,(V(51,(F,780(40(658,8JO(01('18.;b5.,O(9;1(/;(b50(;385A;(0/(
9;187;/(8077.8;7.,/(40(:;1,2(,/04,T,2(,/(;9H,1;('8/J18.9;O(40240(4;140(
20(404.9,3,(,(87,c9,7(47;U,2(./D9.8,2(V(,7-,2(,(87,AH2(40(/;2(F518;2(40(
(B02;/59.=1(`_a(40(`aal(40(/,(*702.4019.,(40(/,(B0FW3/.9,>
(S074,4'3.078,g(hyK/('/0-J1zO(E7044V(B014=1(<07707,i>
k
(604.,180(/,2(702;/59.;102(`oo(V(oaa(40(`aa](40(/,(*702.4019.,(40(/,(B0FW3/.9,O(20(
709;1;9.=(,(S0/;:,O(9;1?518,-0180(9;1(#,/A,8;70(6,1952;(0(%AJ1(B;3078;(@5b50O(25(
9,/.4,4(40(-.0-37;2(70F702018,1802(40(/,2('58;40[012,2("1.4,2(40(&;/;-3.,(e'"&f>
l
^
o](
0%.3!1+)'6
0-3,7b50(b50(0p.2801(F,7,(0/(3,1,1;>(S0/;:,(G,79D,(C,(9;18,4;(b50(
40/(U;/[;(40("7,3J(n40($.0(C,28,($573;(V(40($.0(C,28,(*5078;(K29;1P
4.4;n(2,/D,1(0-3,79,9.;102(9,7U,4,2(40(9;9,D1,(eS0/;:,O(`aakP,f>(
K/(U75F;(40(S0/;:,(G,79D,(9;-01:=(,(;F07,7(01(\jjl(01("7,3JO(
02F09Dc9,-0180(01($573;(01(0/(9;770U.-.018;(40(K/(@;2O(9;-;(F,780(
40/(G75F;(40(/;2(S0.180O(:;1,(01(/,(b50(20(019;187,3,(,/.,2(h@;3/0(
&07;i>(#0UW1(S0/;:,O(25(-.2.=1(.1.9.,/(9;12.28D,(01(0A.8,7(/;2(90202(V(
C50/U,2(40(/;2(87,3,?,4;702(40(/,2(0-F702,2(3,1,107,2(eS0/;:,O(`a\\f>(
K1(0/(,T;(\jj^O(h*047;(I;1.8;iO(20(F;202.;1=(9;-;(9;-,14,180(40/(
E70180('/0p(<578,4;O(01(C;-01,?0(,(51;(40(252(-.0-37;2([,//09.4;(
01(0/(,T;(`aaaO(4.9C;([70180(,4b5.7.=(0/(9;187;/(40(/,(:;1,(9;-F701P
4.4,(01870(&5775/,;(V(/,(*,1,-07.9,1,O(V(-;18=(51(,F,7,8;(573,1;(
F,7,/0/;(,/(U75F;(40(&C.U;7;4=(eS0/;:,O(`a\\f>(
<,9.,(c1,/02(40/(,T;(\jj^(V(F7.19.F.;2(40(\jjkO(<,23W1(6014;:,(
,25-.=( 0/( -,14;( V( S0/;:,( G,79D,O( 9;1;9.4;( 9;-;( h<071J1( <07P
1J140:i(;(h<<i([50(87,2/,4,4;(,/(257;99.40180(40/(F,D2(9;1(0/(c1(40(
970,7(0/(I/;b50(&,/.-,>(
R,(-,V;7D,(40(/;2(-.0-37;2(40/(II(9;18,3,1(9;1(018701,-.018;(
,7-,4;(F;7(F,780(40(4.A072;2(U75F;2(U5077.//07;2>('(F02,7(40(/,(.1P
40F014019.,(V(-,14;(40(;7401(b50(801D,1(/;2(9;-,14,1802(S0/;:,(
G,79D,(V(<,23W1(6014;:,O(,-3;2(40F014D,1(40(/,2(=740102(4.7098,2(
40(/;2(C07-,1;2(&,28,T;(G./O(V(25(-.2.=1(F7.19.F,/(9;12.28D,(01(37.1P
4,7(h20U57.4,4i(,(h/,(:;1,(,U7;.145287.,/i(,(9,-3.;(40(h9;187.359.;P
102(40(2098;702(70/,9.;1,4;2(9;1(0/(3,1,1;(V(40(;87;2(U75F;2iO(/;(b50(
F7;F.9.=(hvwx(/,(F01087,9.=1(40/(F,7,-./.8,7.2-;(01(/;2(4.A072;2(209P
8;702(2;9.,/02O(02F09.,/-0180(01(0/(2098;7(0-F702,7.,/i_>(K1(028,(/D10,O(
S0/;:,(G,79D,(C,(409/,7,4;(b50(hvwx(01(9;;74.1,9.=1(9;1(/,(E507:,(
*W3/.9,O(V(9;1(0/(702F,/4;(40(A,7.,2(0-F702,2(3,1,107,2O([507;1(,58;P
702(40(-W/8.F/02(-,2,9702(V(,202.1,8;2(40(b5.0102(0//;2(9;12.407,3,1(
07,1(U5077.//07;2ij>
(S074,4'3.078,g(hI/;b50(I,1,107;i>
(S074,4'3.078,g(h!0[0(P(y<(<zO(!;2H(KA07(S0/;:,(G,79D,i>(
_
j
ol
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
JKLKLKJK*;.=$%7$%,-*7-/*CCE*5.1F*WP-"*Z-/.'$*[$"(I$
h<<iO(01(/,2(,54.019.,2(40(A072.=1(/.370(70/,8=(25(1,9.-.018;(9;-;(
9,-F02.1;(01($75?.//;O(S,//0O(01(0/(,T;(\j^k>(E50(97.,4;(01(0280(-5P
1.9.F.;(?518;(,(252(4.0:(C07-,1;2>($7,2(25(0pF07.019.,(9;-;(9;1459P
8;7(40(9,-.=1(01('9,9D,2O(608,O(9;1;9.=(,(,/.,2(hG,37.0/iO(b5.01(/;(
A.195/=(,(/,(&,2,(&,28,T;>(<,9.,(\jj]O(//0U=(,/("7,3J(9;1(0/(//,-,4;(
G75F;(40($573;O(/;2(A0.180([514,4;702(40(/,2(,58;40[012,2(01(/,(:;1,(
40/("7,3J(,18.;b50T;O(01(\jjl([50(,29014.4;(,(9;-,14,180(40/(I/;P
b50(I,1,107;(V(0/(`l(40(1;A.0-370(40(`aa](20(402-;A./.:=(?518;(9;1(
9.01(;(9.018;(A0.180(-.0-37;2(40/(E70180('/0p(<578,4;(V(95,7018,(40/(
U75F;(9;-,14,4;(F;7(S.90180(&,28,T;>(K1(/,(,985,/.4,4(20(019501P
87,(709/5.4;(01(51,(9J790/(40(N50A,();7~O(K28,4;2("1.4;2>
(*;7(252(409/,7,9.;102O(01(02F09.,/(/,2(70/,9.;1,4,2(9;1(/,(c1,19.,P
9.=1(40(0-F702,2(3,1,107,2(V(U,1,407,2O(V(9;1(/,(9;-F/.9.4,4(40(/,(
I7.U,4,(\kO(b50(C,1(4,4;(;7.U01(,(/,(,F07857,(40(A,7.,2(.1A028.U,9.;P
102O(h<<>i(C,(2.4;(9;12.407,4;(9;-;(0/(F,7,-./.8,7(b50(hvwx(-J2(C,(
9;187.35.4;(,/(029/,709.-.018;(40(/,(A074,4(2;370(/;2(97D-0102(9;-0P
8.4;2(F;7(0/(F,7,-./.8,7.2-;i(e&&!O(`aa_f>
JKLKLKLK* ;.=$%7$%,-* 7-/* X"-%,-* 8/-Q* Y:",$7.E* >$\/*
?=&/&.*Y$1O\%
B,W/(K-./.;(<,23W1O(F702;(01(%8,U}DO('18.;b5.,O(4,(95018,(40(25(
;7.U01(F7;A01.0180(40(51,([,-./.,(40(8077,801.01802O(709;1;9.4,(9;-;(
F.;107,(01(/,(2.0-37,(40(3,1,1;(F,7,(0pF;78,9.=1\a>(K1(0280(2018.P
4;O(20UW1(H/O(25(A.195/,9.=1(9;1(/,2('&&"(20(403.=(,(25(.1807H2(F;7(
7095F07,7(/,2(8.077,2(b50(07,1(40(F7;F.04,4(25V,(;(40(25([,-./.,>(K1(
252(A072.;102(1,77=(b50(,985=(01(/,(9/,14028.1.4,4O(V(b50(252(,F;7P
802(;F07,8.A;2(01(-,807.,(40(95;8,2(V(c1,19.,9.=1([507;1(409.2.A;2(
403.4;(,(25(0pF07.019.,(9;1(0/(-,10?;(40(c19,2(V(252(70/,9.;102(9;1(
/;2(0-F702,7.;2>(*,7,(h<<iO(028,(7,:=1(25-,4,(,(25(10U,8.A,(,(9;1P
8.15,7( 3/;b50,14;( /,2( ,98.A.4,402( 2.14.9,/02( V( /,2( 709/,-,9.;102( 40(
(S074,4'3.078,g(hK/(8;785;2;(9,-.1;(40(/,(7028.859.=1(40(8.077,2i>
\a
o^(
0%.3!1+)'6
/;2(87,3,?,4;702(3,1,107;2O([507;1(/,(9,52,(40(b50(20(/0(01A.,7,(,/(257(
;99.40180(F,7,(4.7.U.7(0/(I/;b50(&,/.-,(eS0/;:,O(`a\\f>(
JKLKMK*["$%*C/.@:-*D.",-*-%*/$*"-#&)%*7-/*;$"&O-*A*D.",-*
7-*B$%,$%7-"*
&;1( /,( 9;12;/.4,9.=1( 40( /,( &,2,( &,28,T;( 01( 0/( 40F,78,-018;( 40(
&=74;3,(V(01(0/("7,3JO(&,7/;2(V(S.90180(&,28,T;(409.4.07;1(02F,79.7P
20(V(019,7U,7;1(,(#,/A,8;70(6,1952;O(?0[0(40/(E70180(#.1W(V(&=74;P
3,O(/,(970,9.=1(40/(I/;b50(N;780O(hvwx(9;1(0/(;3?08;(40(0pF,14.7(/,(
;7U,1.:,9.=1(,(;87,2(J70,2(40/(40F,78,-018;(40(&=74;3,(V(/;2(40-J2(
40F,78,-018;2(40(/,(9;28,(1;780(40/(F,D2iO(8,/(V(9;-;(/;(70/,8,(0/(F7;P
F.;(6,1952;g(
vwx(,25-D(9;-;(9;-,14,180(40(0280(3/;b50(40240(020(018;1902(V(
F07-,109D(01(028,(F;2.9.=1(C,28,(-.(402-;A./.:,9.=1O(,(F,78.7(40(,//D(/,(
9;-,14,19.,([50(,25-.4,(F;7(y!;7U0(]az(95,14;(V;(-0(402-;A./.9H>(K/(
I/;b50(N;780(9709.=(40(8,/([;7-,(b50(,/U51;2(40(252(9;-,14,1802(,(-.(
9,7U;(,4b5.7.07;1(,58;1;-D,(8;8,/(,(F,78.7(40(,/U51,2(HF;9,2O(1;(;32P
8,180(/;(95,/(20(b5.2;(9;1207A,7(25(028759857,(;7UJ1.9,(-J2(1;([519.;1,/O(
F,7,(0[098;2(40(-,180107(25(F702018,9.=1(F;/D8.9,(e6,1952;O(`aakf>
'(F,78.7(40(028,2(409/,7,9.;102(20(F5040(01870A07(b50(/;2(3/;b502(
b50(C.9.07;1(F702019.,(01(/,(70U.=1(40/(&,7.30(V(0/(N;780(40(#,18,1P
407(9;128.85D,1(51,(51.4,4(401;-.1,4,(I/;b50(N;780O(F07;(b50([51P
9.;1,/-0180(028,3,([7,99.;1,4,(01(A,7.;2(U75F;2O([701802(;(3/;b502O(
.19/5V014;(51(U75F;(b50(801D,(02,(-.2-,(401;-.1,9.=1(e-,F,(N;>(
]fO(/;2(b50(2.(3.01(;30409D,1(,(/,(&,2,(&,28,T;O(9;1(0/(9709.-.018;(
09;1=-.9;(V(-./.8,7(40(252([507:,2O([507;1(,/9,1:,14;(,58;1;-D,(V(
,58;(2;2801.-.018;>
'C;7,(3.01O(F,7,(/;2(.18070202(40(/,(F7020180(.1A028.U,9.=1O(02(F70P
9.2;(20T,/,7(b50(0/(G7,1(I/;b50(N;780(20(402-;A./.:=(01(A,7.,2(02P
8759857,2O( 40( /,2( 95,/02( 2;1( ;3?08;( 40( 0280( 4;95-018;( /;2( 3/;b502(
&=74;3,O(N;780O(6;1802(40(6,7D,O(V(&,8,85-3;>('(9;18.15,9.=1(20(
,1,/.:,7J(0/(9;180p8;(V(U0;770[07019.,9.=1(01(/,(b50(,985,7;1(4.9C;2(
U75F;2(3,?;(/,2(4.70987.902(U0107,/02(40(/,2('&&">
ok
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
/%.%'*)5':5'*702019.,(40(/,2('&&"(01(0/(&,7.30(
V(N;780(40(#,18,1407(
!"#"$%&"'()"*($"$#")+,)$*%$&"$-%).,/0$&,')%$*%$1"&-"+()%$!"023.($4!"023.(5$67789:$
JKLKMKJK*C/.@:-*;)"7.O$*
K/( //,-,4;( I/;b50( &=74;3,( PI/;b50( #.1W( V( #,1( !;7U0PO( 9;18,3,(
9;1(U75F;2(573,1;2(b50(C,9D,1(F702019.,(01(/;2(-51.9.F.;2(F7.19.P
F,/02( 40/( 40F,78,-018;( 40( &=74;3,( e6,1952;O( `aa^P,fO( 01( /;2( b50(
8,-3.H1(20(019;187,3,1(/;2(3/;b502(r/-07(&J7401,2O(<H7;02(40($;P
/;AJO(9;-,14,4;(F;7(@.0U;(657.//;(I0?,7,1;O(,/.,2(h@;1(I071,i(;(
h'4;/[;(*,:iu(/,2(028759857,2(40(/;2(&,28,T;u(0/(I/;b50(6.107;2O(40(
,/.,2(h&59;(S,1;Viu(0/(U75F;(40(!,A.07(*.047,C.8,i(e6,1952;O(`aak>(
S07g( &#!O( `a\\P9( P( X/A,7;( '/[;12;( G,79D,fO( V( 0/( I/;b50( 6;1802( 40(
6,7D,O(9;-,14,4;(F;7(K4Y,7(&;3;2>(
K1(0280(;7401(40(.40,2O(02(F709.2;(-019.;1,7(/,(.-F;78,19.,(b50(
801D,(0/(40F,78,-018;(40(&=74;3,(F502(40240(0/(N54;(40(*,7,-.//;O(
/,(&,2,(&,28,T;(01A.,3,(=740102(,(/;2(4.[0701802(9;-,14,1802(40(/,(
70U.=1>(K2(F;7(0//;(25-,4;(,(b50(07,(/,(951,(40(#,/A,8;70(6,1952;PO(
b50( ,F,70180-0180( 85A;( 51( 87,8;( 4.[07019.,/>( '/( 702F098;( 0/( 9.8,4;(
0p87,4.8,4;(4.90g(
o_(
0%.3!1+)'6
vwx(01(&=74;3,([50(51(-,10?;(4.[070180O(01(&=74;3,(,(/,(U0180(1;(
20(/0(9;37,3,(.-F5028;2>();(1519,(9;37H(.-F5028;2O(4.[070180(,(/;(b50(
20(C,9D,(01(/,2(4.[0701802(70U.;102(40/(F,D2O(018;1902(&=74;3,(85A;(51(
-,10?;(25.(U0107.2O(V;(1519,(b5.20(,F708,7(;(-,/87,8,7(,(/,(F;3/,9.=1O(
V;( 2.0-F70( ,25-D( /,( 702F;12,3./.4,4( 40( 8;4;( 0/( -,10?;( ?518;( 9;1( /;2(
&,28,T;(e6,1952;O(`aakf>
@02F5H2( 40( 6,1952;O( 0/( 9;-,14,180( ,/( -,14;( 07,( !,.7;( '147H2(
'1U,7.8,O(,/.,2(h'147H2iO(b5.01O(,(25(A0:O(9;18,3,(9;1(252(20U514;2(
,/(-,14;(,/.,2(h*047;i(V(,/.,2(ha_i>(K280(I/;b50(hvwx(20(-;AD,(01(0/(
257(40/(40F,78,-018;(40(&=74;3,O(F,78.95/,7-0180(01(6;180/D3,1;O(
*5078;(R.3078,4;7O($.077,/8,(V(S,/019.,O(C,28,(/;2(/D-.802(9;1(0/("7,3J(
,18.;b50T;O(F07;(4.2F;1D,(,4.9.;1,/-0180(40(51(U75F;(573,1;(b50(
,985,3,(01(6;1807D,(V(&0708Hi(e@KC)*9f>(R,(402-;A./.:,9.=1(40/(I&;O(
20(70,/.:=(2.1(25(9;-,14,180(b50(20(F702018=(9;1(0/(I/;b50(&,8,85-P
3;>(
JKLKMKJKJK*;.=$%7$%,-*7-/*C;.E*B$/P$,."-*2$%(:1.
#,/A,8;70(6,1952;O(,/.,2(hK/(6;1;iO(hK/(6;1;(6,1952;i(;(h$7.P
F/0(&07;iO(02(C.?;(40(51(.1-.U7,180(.8,/.,1;(V(51,(9;/;-3.,1,>(N,P
9.=(0/(\k(40(,U;28;(40(\j^](01(6;1807D,O(40F,78,-018;(40(&=74;3,O(
807-.1=(252(02854.;2(40(F7.-,7.,(V(209514,7.,O(9572=(C,28,(2HF8.-;(
20-02870(40(%1U01.07D,(&.A./(01(/,("1.A072.4,4(!,A07.,1,(V(20([;7-=(
9;-;('4-.1.287,4;7('U7;F095,7.;(01(/,(K2950/,(40(E;7-,9.=1($H9P
1.9,('U7D9;/,>(
K1( \jj]( 6,1952;( 9;1;9.=( ,( /;2( &,28,T;O( 51( ,T;( 402F5H2( 40( /,(
-50780(40/(-,V;7(40/(K?H79.8;(L,/807(E7,8.1.O(,(b5.01(9,/.c9=(9;-;(25(
h-,0287;(V(,-.U;i(e@KC)*9f>(#0UW1(6,1952;O
vwx(-0(709/58H(,(/,2(,58;40[012,2(F;7(y-,7.9,zO(F;7(.-F085;2;O(F;7(
.1-,457;>($01D,(A0.18.;9C;(,T;2(V(,(02,(04,4(51;(1;(/0(8.010(-.04;(,(
1,4,(e6,1952;O(`a\\f>
'c7-,O(b50([50
vwx(709/58,4;(V(018701,4;(F;7(0/(K28,4;O(3,?;(51,(F;/D8.9,(40(y20U5P
7.4,4(1,9.;1,/z(-,470(40/(F,7,-./.8,7.2-;(40(K28,4;>();(2;V(C.?;(/0UD8.P
-;(40(02,(.1A019.=1(F,7,(C,907/0([70180(,(51([01=-01;(9;-51.28,(b50(
9;-3.1=(8;4,2(/,2([;7-,2(40(/59C,(V(0285A;(,(F518;(40(C,907(9;/,F2,7(
,/(F,D2(e6,1952;O(`aajf>
oj
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
&;1(0/(8.0-F;(20(9;1A.78.=(01(51;(40(/;2(F7.19.F,/02(9;-,14,1802(
40(/,2('&&"\\O(9;14.9.=1(b50([50(709;1;9.4,(F;7( H/(-.2-;(01(/;2(
2.U5.01802(8H7-.1;2g(
hvwx([5.(0/(C;-370(-J2(.-F;78,180(01(/,2(,58;40[012,2(402F5H2(40(/,(
9,2,(&,28,T;O(S.90180(V(&,7/;2(&,28,T;O(40187;(40/(018;71;(40(/,2(,58;P
40[012,2(9,-F02.1,2(40(&=74;3,(V("7,3Ji(e6,1952;O(`aa^f>(
'2D(F502O(9;-;(V,(20(-019.;1=O(6,1952;([50(019,7U,4;(40(/,(8,70,(
40(0pF,14.7(/,2(028759857,2(F,7,-./.8,702O(9;1?518,-0180(9;1(,/.,2(hK/(
*7;[0i>(#;370(0/(F,78.95/,7O(0/(0p(9;-,14,180(20T,/=(b50g(
vwx(C53;(-;-018;2(b50(85A0(702F;12,3./.4,4(01(#5970O(C53;(-;P
-018;2( b50( 85A0( 702F;12,3./.4,4( 01( I;/DA,7O( C53;( -;-018;2( 01( b50(
85A0(702F;12,3./.4,4(01(0/(&02,7O(C53;(-;-018;2(01(b50(8,-3.H1(85A0(
702F;12,3./.4,402( 01( N;780( 40( #,18,1407( V( 85A0( 702F;12,3./.4,402( 01(
&=74;3,(e6,1952;O(`aa^P,f>(
'(F,78.7(40(25(.1d5019.,(V(F;407(01(/,(&,2,(&,28,T;O(h$7.F/0(&07;i(
20(9;12;/.4=(9;-;(51;(40(/;2(-,V;702(9,F;2(01(0/(10U;9.;(40/(1,79;P
87Jc9;O(V(9;1(0/(4.107;(b50(;3801D,(9;120U5D,(,7-,2\`(V(-51.9.=1(F,7,(
/,2(028759857,2(b50(4.7.UD,>(@0(C09C;O(457,180(/,(F7.-07,(.-F58,9.=1(
40(9,7U;2(70,/.:,4,(0/(\o(40(-,7:;(40(`aaj\oO(
vwx(/,(E.29,/D,(4;95-018=(9=-;(40240(\jj^(V(C,28,(`aa]O(0/(C;V(0p(
F,7,-./.8,7( 01A.=( -J2( 40( \\j( -./( ~./;2( 40( 9;9,D1,( ,( <,.8DO( B0FW3/.9,(
@;-.1.9,1,O(*5078;(B.9;O(S010:50/,O(6Hp.9;O(<;1457,2O(G5,80-,/,(V(
K28,4;2( "1.4;2( vwx( yK/( 6;1;( 6,1952;z( ,90F8=( b50( 0/( 402F,9C;( 40/(
0285F0[,9.0180(C,9.,(0/(0p87,1?07;(20(70,/.:,3,(40240(F5078;2(40/(U;/[;(
(604.,180(/,2(702;/59.;102(`oo(V(oaaO(40(`aa]O(40(/,(*702.4019.,(40(/,(B0FW3/.9,O(20(
709;1;9.=(,(#,/A,8;70(6,1952;(25(9,/.4,4(40(-.0-37;(70F702018,180(40(/,2('58;40P
[012,2("1.4,2(40(&;/;-3.,>
\`
(#,/A,8;70(6,1952;( 709;1;9.=(b50(hvwx(25(;7U,1.:,9.=1( 9;-F7=( -J2(40(4.0:(-./(
,7-,2(40(/,7U;(,/9,190(F7;A01.01802(40(I5/U,7.,O(S010:50/,(V(&0187;,-H7.9,O(b50(01P
87,7;1( ,/( F,D2( F;7( /;2( F5078;2( 40( I501,A01857,( V( "7,3JO( 9;1( 0/( 25F5028;( ,F;V;( 40(
-.0-37;2(40/(K?H79.8;i(e6,1952;O(`aa^P,f>
\o
(R,(EGN(/0(.-F58=(,(#,/A,8;70(6,1952;(-,2,9702(9;-;(/,(40(K/('7;(V(0/(&,8,85-3;O(
709/58,-.018;(40(-01;702O(,202.1,8;2(,(F072;1,2(F7;80U.4,2O(402,F,7.9.;102([;7:,4,2(V(
87Jc9;(40(,7-,2>
\\
]a(
0%.3!1+)'6
40(6;77;2b5.//;O("7,3JO(I;/DA,7O('8/J18.9;(V(R,(G5,?.7,O(9;1(0/(,F;V;(
40(1,79;87,[.9,1802(9;-;(Q7/,14;(<01,;(V(E,3.;(Q9C;,O(01870(;87;2\]>
@02F5H2(40(25(402-;A./.:,9.=1O(hK/(6;1;(6,1952;i([50(F;285/,P
4;(F;7(0/(G;3.071;(9;-;(0/0U.3/0(F,7,(/;2(3010c9.;2(9;180-F/,4;2(
01(/,(R0V(jkl(40(`aal\lO(V(9;-01:=(,(029/,70907(C09C;2(70/,9.;1,4;2(
9;1(0/(,F;V;(40(-./.8,702(01(/,(;7U,1.:,9.=1(40(/,2(,58;40[012,2(V(9;1(
/;2([01=-01;2(40(hF,7,F;/D8.9,iO(hF,7,09;1;-D,i(V(hF,7,.128.859.;P
1,/.4,4i>( %U5,/-0180O( 252( ;[709.-.018;2( 40( 01870U,( 40( F704.;2( C,1(
4,4;( /5U,7( ,( ,/U51;2( 40( /;2( F7;1519.,-.018;2( 40187;( 40/( F7;902;(
40(!528.9.,(V(*,:(01(-,807.,(40(-04.4,2(9,580/,702(V(40(0p8.19.=1(40(
4;-.1.;O(V(C,1(F07-.8.4;(C,907(20U5.-.018;(,(/;2(*7;V098;2(*7;459P
8.A;2(F,7,(/,(*,:O(,(/,(7028.859.=1(4.7098,(40(8.077,2(40(/,(C,9.014,(&;28,(
40(Q7;O(,(40A0/,7(0/(;95/8,-.018;(40(F704.;2(,(87,AH2(40(/,(2.-5/,9.=1(
n/H,20(8028,[077,8;n(V(,(/,(,F/.9,9.=1(40/(*7.19.F.;(40(QF;7851.4,4O(
9;-;(20(40297.30(01(0/(9,FD85/;(807907;>
JKLKMKLK*C/.@:-*D.",&;-;( V,( 20( -019.;1=O( 0/( G7,1( I/;b50( N;780( [50( /,( 028759857,(
.40,4,(F;7(/,(&,2,(&,28,T;(F,7,(4,7/0(51.4,4(,(/;2(4.[0701802(U75F;2(
40(/,2('&&"(b50(C,9D,1(F702019.,(01(/,(70U.=1(&,7.30>(#.1(0-3,7U;O(
01(0/(F7;902;(40(402-;A./.:,9.=1(20(401;-.1=(9;-;(I/;b50(N;780(
,/(4.7.U.4;(F;7(B;47.U;($;A,7(*5F;O(,/.,2(h!;7U0(]aiO(20U514;(9;-,1P
4,180(b50(700-F/,:=(,(6,1952;(F,7,(0[098;2(h2;/,-0180(F;/D8.9;2iO(
F5028;(b50(1;(0?079D,(-,14;(2;370(;87;2(9;-,14,1802(9;-;(B;47.P
U;(6079,4;(*0/5[;O(,/.,2(h&,401,i(V(hS09.1;i(e6,1952;O(`aakf>('/(
702F098;($;A,7(*5F;(-,1.[028=(b50(40240(
vwx([.1,/02(40/(j_(vwx(-0(9;1A078D(01(0/(20U514;(C;-370(40/(I/;b50(
N;780(40(/,2(,58;40[012,2O(C,28,(/,(402-;A./.:,9.=1(40(#,/A,8;70O(b50(02(
95,14;(,25-;(0/(-,14;(40(/;(b50(b504,3,(40/(I/;b50(N;780(2.1(402P
-;A./.:,7(e$;A,7O(`aakf>
(M40!"($(!".$-,%(NO(#,/A,8;70(6,1952;>(e6,1952;O(`aa^P,f>
(6,1952;(709;1;9.=(b50(,/(-;-018;(40(F;285/,720(F,7,(0/(F7;902;(40(!528.9.,(V(*,:(
801D,(hvwx(4;2(2018019.,2(9;1401,8;7.,2O(51,(F;7(95,7018,(,T;2(V(;87,(F;7(\ol(-0202O(
801U;(-04.4,(40(,20U57,-.018;(01(9.19;(;(20.2(F7;902;2(V(51,2(9.195018,(.1A028.U,9.;P
102i(e6,1952;O(`aa^f>
\]
\l
]\
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
R,(:;1,(40(.1d5019.,(4.7098,(40(h!;7U0(]aiO(01(/,2(b50(.-F5/2=(/,(
h8;-,(-./.8,7O(/,(8;-,(2;9.,/iO(F,7,(9;1[;7-,7(/;(b50(H/(-.2-;(40P
1;-.1=(/;2(h028,4;2(40(,58;40[012,i(e&#!O(`a\\P4(&#!O(`a\\P4(P(!;2H(
@;-.1U;(@JA./,('7-018,fO([507;1(/;2(40F,78,-018;2(40('8/J18.9;O(
6,U4,/01,O(R,(G5,?.7,(V(&02,7(e-,F,(N;>(lf>(
K/(F;407D;(-./.8,7O(09;1=-.9;O(2;9.,/(V(F;/D8.9;(40(/,(&,2,(&,28,T;(
01(/,(70U.=1(1;780(40/(/.8;7,/(20(9;12;/.4=(9;1(/,(4077;8,(-./.8,7(40/(
U75F;(R;2(&C,-.:;2O([514,4;(,(-04.,4;2(40(/;2(;9C018,(40/(2.U/;(
F,2,4;( F;7( 0/( 0p87,4.8,4;( <071J1( G.7,/4;( #071,O( ,/.,2( h$,/,47;i( ;(
hK/(*,87=1iO(0/(b50(20(401;-.1=('58;40[012,2(&,-F02.1,2(40/(6,UP
4,/01,(V(R,(G5,?.7,(,1802(40(C,90720(9;1;907(9;-;(E70180(B02.28019.,(
$,V7;1,O(1;-370(9;1(0/(b50(20(402-;A./.:=>(#0UW1(G.7,/4;O(0/(U75F;(
R;2(&C,-.:;2(257U.=(F,7,(40[0140720(40(/,2(U5077.//,2(b50(,2;/,3,1(
0/(40F,78,-018;(40/(6,U4,/01,(V(;F07=(01(9;770U.-.018;2(V(A0704,2(
40(/,(#.077,(N0A,4,(40(#,18,(6,78,(eG5,9C,9,O(K/(6,-0VO(6,9C080(
*0/,4;(V(Z5037,4,(40/(#;/f(V(01(#,18,(6,78,(eG.7,/4;O(`a\\f>(
/%.%'*)5';5'G0;770[07019.,(40/(I/;b50(N;780'
Fuente: FGN, 2010-b.
]`(
0%.3!1+)'6
K1(0/(0-F;407,-.018;(40(/,(&,2,(&,28,T;(V(/,(9;12;/.4,9.=1(40/(
I/;b50(N;780O(3,?;(/,2(;740102(40(h!;7U0(]ai(20(9;18=(9;1(0/(9;1957P
2;(40/(U75F;(R;2(B;?,2O(4.7.U.4;(F;7('4J1('/3078;(B;?,2(Q2F.1;O(V(
40(/,2('58;40[012,2("1.4,2(40(#,18,1407(V(#57(40/(&02,7(e'"#'&fO(
01870(;87;2(U75F;2>(@0(0280(W/8.-;O(402-;A./.:,4;(3,?;(0/(1;-370(40/(
E70180(<H98;7(!5/.;(*.104,(I09077,O(C,9D,1(F,780(G5.//07-;(&7.28,1P
9C;('9;28,O(,/.,2(h&,-./;(6;7,1802iO(V(,/.,2(h!5,19C;(*7,4,iO(b5.0P
102(,/(.U5,/(b50(G.7,/4;(V(B;?,2([507;1(F.;107;2(01(/,(9;1[;7-,9.=1(
40(U75F;2(40(,58;40[012,(e02b50-,(N;>(`f>
#&91#/%'*)5'75'K28759857,(;7U,1.:,4,(40/(I/;b50(N;780'
BloqueNorte
Nortede
delas
lasACCU
ACCU
Bloque
Frente
Guerreros
de Baltazar
Grupo
Tomas
Guillen
Frente
Contra
insurgencia
Wayuu
Frente William
Rivas
desmovilizado
como Bernardo
Escobar
Frente
Resistencia
Motilona
Frente
Martires de
Valledupar
desmovilizado
como David
Hernández
Rojas
Frente
Adalvis
Santana
Frente
Resistencia
Chimila
Frente
Juan
Andrés
Alvarez
Frente
José
Pablo
Díaz
Fuente: FGN, 2010-b.
'/U51;2(40(/;2(9;-,14,1802(40(/,2(028759857,2(3,?;(0/(-,14;(40(
h!;7U0(]ai([507;1(0/(-,V;7(708.7,4;(40/(K?H79.8;O(@,A.4(<071J140:(
B;?,2O(,/.,2(hojiO(b5.01(4.7.U.=(0/(U75F;(6J78.702(40/(&,9.b50(40("F,7u(
Q29,7(!;2H(Q2F.1;(*,9C09;O(,/.,2(h$;/0-,.4,iO(!;C1(!,.7;(K2b5.A0/(
&5,47,4;O(,/.,2(hK/($.U70i(V('/9.402(6,88;2($,3,702O(,/.,2(hK/(#,-,P
7.;iO(b50(9;-,14,7;1(0/(E70180(!5,1('147H2(X/A,70:O(V(,/.,2(K17.b50(
R=F0:O(,/.,2(hQ-0U,iO(-.0-37;(40(/;2(E701802(B02.28019.,(6;8./;1,(
V($,V7;1,>
]o
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
R,(402-;A./.:,9.=1(40/(I/;b50(N;780(20(F7;45?;(01(4;2(?;71,4,2(
01(0/(,T;(`aa^g(/,(F7.-07,(0/(4D,(_(40(-,7:;(01(0/(9;770U.-.018;(&C.P
-./,O( 01( K/( &;F0VO( 40F,78,-018;( 40/( &02,7O( 01( /,( b50( F,78.9.F,7;1(
-.0-37;2(40(/,(h[507:,(40(9C;b50i(e__af(V(40(/,(h[507:,(2;9.,/PF/,1(
F7;4598.A;i(40('8/J18.9;O(6,U4,/01,(V(&02,7(e\>oolf>(@;2(4D,2(402P
F5H2O(0/(\a(40(-,7:;O(20(402-;A./.:,7;1(/;2(7028,1802(-.0-37;2(\>``a(
V(\>o`lO(702F098.A,-0180(01(0/(&,207D;(K/(6,-=1O(S0704,(R,(602,O(
S,//045F,7O(&02,7\^>
(
*JKLKMKLKJK*;.=$%7$%,-*7-/*CDE*>.7"&#.*].P$"*<:0.*
h!;7U0(]aiO(70/,8=(b50(1,9.=(0/(\j(40(1;A.0-370(40(\j^aO(01(0/(201;(
40(51,([,-./.,(40(9/,20(-04.,P,/8,(40(S,//045F,7O(9,F.8,/(40/(40F,78,P
-018;(40/(&02,7O(V(b50(01(25(?5A01854(b5.2;(9;1A078.720(01(;c9.,/(40/(
K?H79.8;(N,9.;1,/O(F07;(,180(/,(.-F;2.3./.4,4(40(9;18.15,7(/,(9,7707,(
-./.8,7(20(U7,45=(40(8H91.9;(01(,4-.1.287,9.=1(F095,7.,(e$;A,7O(`aakf>(
'/(c1,/.:,7(252(02854.;2(01(0/(,T;(\j_`O(70U702=(,(25(70U.=1(F,7,(
4020-F0T,720(01(/,(U,1,407D,(V(/,(,U7.95/857,O(9;1A.78.H14;20(01(51(
.-F;78,180( A;907;( V( -.0-37;( 40( /;2( 4.[0701802( U70-.;2( F;/D8.9;2O(
2;9.,/02( V( 0-F702,7.,/02>( K1( 0/( ,T;( \j__O( 20( 4020-F0T=( 9;-;( ?0[0(
40(/,(Qc9.1,(40(&;187;/(40(*709.;2(40(/,('/9,/4D,(40/(-51.9.F.;(40(
S,//045F,7O(V(01(/,(#09708,7D,(40(<,9.014,(e$;A,7O(`aakfO(457,180(/,(
,4-.1.287,9.=1(40(B;4;/[;(&,-F;(#;8;O(0p(4.7098;7(40/(%128.858;(40(
@02,77;//;(B57,/(e%N&Q@KBfO(01(/,(20U514,('4-.1.287,9.=1(40("7.P
30(SH/0:>(
@02F5H2(40(C,907(51(709;77.4;(01(0/(2098;7(U70-.,/(01(0/(J-3.8;(
09;1=-.9;O(51,(9;78,(9,7707,(F;/D8.9,(01(0/(40F,78,-018;(40/(&02,7O(
V(40(207(9;/,3;7,4;7(40(/,(U5077.//,(01(51,(9;14.9.=1(b50(H/(-.2-;(
401;-.1=(9;-;(hF,7,U5077.//07;i(e$;A,7O(`aakfO(,/.,2(h!;7U0(]ai(.1P
U702=(,(/,2('&&">(*7.-07;O(01(0/(,T;(\jjlO(9;-;(51(h9;/,3;7,4;7i(
V(402F5H2(9;-;(h9;-3,8.0180i(01(0/(,T;(\jj_(e@KC)*9f>(K1(F,/,37,2(
40(6,1952;>
@0(9;1[;7-.4,4(9;1(/,(702;/59.=1(jj(40(`aalO(\k(40(`aa^O(V(]\(40(`aa^(40(/,(*702.P
4019.,(40(/,(B0FW3/.9,>
\^(
]](
0%.3!1+)'6
hvw>x(B;47.U;($;A,7(*5F;O(20(.1.9.,(vw>x(9;-;(51(70F702018,180(40(
/;2( U,1,407;2i( V( 01( hvw>x( /,( -04.4,( b50( A,( ,A,1:,14;( 20( A,( .1A;/5P
97,14;(C,28,(b50(,4b5.070(0/(-,14;(8;8,/(40/(U75F;iO(9;1(,58;1;-D,(0(
.140F014019.,(e6,1952;O(`aa^P,f>
K1(/,2(F;9,2(A072.;102(/.3702(01(/,2(b50(F,78.9.F=O(409/,7=(b50(0?07P
9.=(hvwx(2;307,1D,( 01(0/(ka|(40(A,7.;2( 40F,78,-018;2(40(/,( 9;28,(
'8/J18.9,iO(01(/;2(b50(402F/0U=(51,(0287,80U.,(F,7,(/,
vwx(8;-,(-./.8,7O(/,(8;-,(2;9.,/(V(F;7(9;12.U5.0180(/,(028759857,9.=1(
40(51;2(y028,4;2(40(,58;40[012,zO(b50(.19/5D,(01(F7.-07(/5U,7(y0/(9;F,P
-.018;( -./.8,7z( 40( /,2( :;1,2( 4;-.1,4,2( F;7( /,( U5077.//,O( V( 01( 20U514;(
/5U,7(/,([;7-,9.=1(40(51(y,95-5/,4;(2;9.,/z(;(40(y2;307,1D,(9;-51.8,7.,z(
01870(/,2(9;-51.4,402(V(/;2(F,7,-./.8,702O(.-F;1.014;(51(-;40/;(vwx(
40(U028.=1(40(/;2(,2518;2(FW3/.9;2(70U.;1,/02(0(.19/52;(1,9.;1,/02(e&#!O(
`a\\P4(&#!O(`a\\P4(P(!;2H(@;-.1U;(@JA./,('7-018,f>(
K/(\a(40(-,7:;(40(`aa^O(h!;7U0(]ai(20(402-;A./.:=(V(0-F0:=(,(701P
4.7(25(A072.=1(/.370(,(F,78.7(40/(o(40(?5/.;(40(`aak>(N;(;328,180(C,307(
9;1[02,4;( -J2( 40( 20.29.018;2( 97D-0102O( .19/5V014;( /,( 402,F,7.9.=1(
[;7:,4,(40(2.080(.1A028.U,4;702(40/(&507F;($H91.9;(40(%1A028.U,9.=1(
40(/,(E.29,/D,(01(0/(,T;(`aaa\kO(V(40(207(F.0:,(9/,A0(F,7,(40A0/,7(/;2(
AD195/;2(9;1(/,(F,7,F;/D8.9,(9;1801.4;2(01(25(9;-F58,4;7\_O(0/(G;P
3.071;(9;/;-3.,1;(/;(0p87,4.8=(0/(\o(40(-,V;(40(`aa_>(@0(-,107,(
2.-./,7(,(6,1952;(V(;87;2(0p(9;-,14,1802O(01870(0//;2(,/.,2(h<<i(V(
hK/(*,87=1iO($;A,7(*5F;(028J(A.195/,4;(,(51(F7;902;(b50(20(,40/,18,(
01(K28,4;2("1.4;2(F;7(-,15[,9857,7(V(4.287.35.7(9;9,D1,(0(.1U702,7/,(
,(020(F,D2\j>(
JKLKMKLKLK* Y-"%G%*[&"$/7.*B-"%$*
&,/40120(40(;7.U01(9,-F02.1;(-.U7=(,(/,(#.077,(N0A,4,(40(#,18,(
6,78,( 01( 4;140( 970=( 0/( U75F;( hR;2( &C,-.:;2i>( #0UW1( H/O( hvwx( /,(
(40!P#*98(3(hy!;7U0(]az(709;1;9.=(402,F,7.9.=1(40(k(.1A028.U,4;702(40/(&$%(457,180(
,54.019.,(40(!528.9.,(V(*,:i>
\_(
S07g(=*9.$.Q-(9g(hK/(&;-F58,4;7(40(y!;7U0(]aziO(20F8.0-370(`(40(`aa^>
\j
(K/(F7;902;(20(,40/,18,(3,?;(0/(1;-370("#'(A>(G.7,/4;P#071,O(08(J/>O(&,20(•g(\ga]P97P(
aa\\]PBILPj>(K1g(%18071,8.;1,/(<5-,1(B.UC82(R,Y(&/.1.9(e%<BR&fO(`a\a>
\k
]l
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
9;-51.4,4(1;(2=/;(/;(F079.3D,(9;-;(51(?0[0(F,7,-./.8,7O(2.1;(8,-3.H1(
9;-;(51(/D407(9;-51.8,7.;u(02F09Dc9,-0180O(0/(40(-,V;7(1;8,3./.4,4(
01(/,(#.077,(N0A,4,(40(#,18,(6,78,i>(#5(F;407(01(/,(:;1,O(407.A,4;(
40/(10U;9.;(40/(87Jc9;(40(47;U,2(./D9.8,2(V(25(,-.28,4(9;1(/,2([,-./.,2(
-J2(70F702018,8.A,2(40(/,(70U.=1O(/0(F07-.8.07;1(80107(U7,1(.1?07019.,(
01(/;2(,2518;2(FW3/.9;2(V(F7.A,4;2>(#0(4.90(b50(hvwx(1,4.0(F;4D,(40P
9.4.7(2.(<071J1(1;(4,3,(/,(;7401iO(/;(b50(20(70/,9.;1,(9;1(/,(A.98;7.,(
v0/098;7,/x(40(A,7.;2(40(/;2(F;/D8.9;2(,F;V,4;2(F;7(H/O(01870(0//;2(/,(40/(
0p(U;3071,4;7(40/(6,U4,/01,O(@JA./,('7-018,(e&#!O(`a\\P4f>
JKLKMKMK*C/.@:-*2.%,-1*7-*2$"I$*
K1(\jj^(1,9.=(0/(I/;b50(6;1802(40(6,7D,(,(F,78.7(40(/,(409.2.=1(
9;1?518,(01870(/;2(C07-,1;2(&,28,T;(V(#,/A,8;70(6,1952;(40(
vwx(970,7(51(U75F;(F,7,-./.8,7(01(/,(70U.=1i`aO(9;1(hvwx(A,7.;2(F;/DP
8.9;2(V(0-F702,7.;2(/;9,/02(b5.0102(20(7051.07;1(01(/,([.19,(R,2(&,1,7.,2(
vwxi(e6,1952;O(`aa_f>(
K28,(028759857,(F,7,-./.8,7([50(F;2.3/0(U7,9.,2(,(/,(7HF/.9,(40/(-;40P
/;(01(0/("7,3J>(*;7(51(/,4;O(0/(,F;V;(hvwx(40(709;1;9.4;2(.180U7,1802(
40( /,( 4.7.U019.,( F;/D8.9,( /;9,/( V( ,9,54,/,4;2( U,1,407;2( 40/( 90187;( V(
1;780(40/(40F,78,-018;i(V(450T;2(40(c19,2(b50(9,190/,3,1(95;8,2(
F,7,(9537.7(252(U,28;2(e$#@!O(`a\a(V(&#!O(`a\aP9(P(X/A,7;('/[;12;(
G,79D,fO(V(F;7(0/(;87;(,(/,(970,9.=1(40(/,2(&QNS%S%B(V(,(/,(51.c9,P
9.=1(40(U75F;2(40(,58;40[012,2(b50(0p.28D,1(01(/,(70U.=1O(01870(0//;2O(
R;2(&,77,1907;2(01(0/(U;/[;(40(6;77;2b5.//;O(1;-370(,2;9.,4;(F70P
2518,-0180(,(SD98;7(&,77,1:,O(V(0/(U75F;(40(!;2H(6,7D,(I,7707,O(,/.,2(
h&C0F0(I,7707,i(01(/,(.2/,(40(#,1(E071,14;(V(6;-F;p`\>
%1.9.,/-0180O(0/(I66(
vwx([50(9;1;9.4;(9;-;(I/;b50(#5970PI;/DA,7(V(02(,(,/.,2([email protected];(
S09.1;z(,(b5.01(6,1952;(/0(01870U,(/,(9;-,14,19.,(40/(-.2-;O(b50(
01(0/(,T;(`aa`O(9;1(0/(F7;902;(40(0pF,12.=1O(9;1[;7-,(/;2(8702([701P
802(40/(I/;b50(6;1802(40(6,7D,g(U;/[;(40(6;77;2b5.//;(9;-,14,4;(
( B*').):K#*'&.g( hK28759857,2( F,7,-./.8,702g( 53.9,9.=1( U0;U7Jc9,>( '58;40[012,2( 40(
6;1802(40(6,7D,O(I/;b50(N;780i>
`\
(K1870A.28,(9;1(AD98.-,2(V(F;285/,4;2(01(S,//045F,7>
`a
]^(
0%.3!1+)'6
F;7( B;47.U;( 6079,4;( *0/5[;O( ,/.,2( y&,401,z( 9;1( .1d5019.,( 01( #,1(
Q1;[70O(#.190/0?;O(&;7;:,/O(I085/.,O(K/(B;3/0O(#,-F5H2O(R;2(*,/-.8;2O(
$;/WO(&;A0T,2O(#,1('18;1.;(40(*,/-.8;O($;/5A.0?;O(QA0?,2O(6;77;,O(
&C,/J1O(&;/;2=O(#,1('1807;O(&C.1WO(#,1('147H2(40(#;8,A018;O(*57DP
2.-,O(&C.-J(V(6;-./>(&,1,/(40/(@.b50(,/(-,14;(40("307(K17.b50(
I,1b50:(6,78D10:O(,/.,2(y!5,19C;(@.b50zO(01(6,7D,(R,(I,?,O('7?;1,O(
$573,9;O( K/( &,7-01( 40( I;/DA,7O( #,1( !,9.18;O( #,1( !5,1( N0F;-590P
1;O( I,V519,O( #,1( K28,1.2/,;O( &,/,-,7O( 6,C,802O( '77;V;C;14;O( #,1(
&7.28=3,/O(#;F/,A.018;O('701,/O(S.//,150A,O(&/0-019.,O(#,18,(&,8,/.1,O(
G5,-;O(#,18,(B;2,(V(/,(9.54,4(40(&,78,U01,>(*;7(W/8.-;(/;2(40(#,P
3,1,2(40(I;/DA,7(V(#5970(9;-,14,4;2(F;7(L.//.,-(B,-D70:(&,28,T;O(
,/.,2(yB;-J1zO(01(6,U,1U5HO(G,/07,2O(+,-37,1;O(#,1(*047;O(I501,(
S.28,(V(#.19H(e-,F,(N;>(^f``>(eS07(8,-3.H1g($#!*O(`a\aP,(V(&#!O(`a\\P
U(P(K4Y,7(&;3;2($H//0:(V("307(K17.b50(I,1b50:(6,78D10:f>(
/%.%'*)5'<5(G0;770[07019.,9.=1(40/(I/;b50(6;1802(40(6,7D,
Mapa elaborado a partir de la versión libre de Salvatore Mancuso (Mancuso, 2007).
( S074,4'3.078,g( hK28759857,2( F,7,-./.8,702g( 53.9,9.=1( U0;U7Jc9,>( '58;40[012,2( 40(
6;1802(40(6,7D,O(I/;b50(N;780i>(
``
]k
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
JKLKMKMKJK*;.=$%7$%,-*7-/*C22E*?7^$"7*;.O.1*
]F//-'
[email protected];(S09.1;i`oO(9;-;(20(/0(9;1;90(,(&;3;($H//0:O(1,9.=(01(I5P
9,7,-,1U,O(#,18,1407O(0/(`l(40(?5/.;(40(\j^_>(K2(C.?;(40(R5.2(E0/.F0(
&;3;2(e[,//09.4;f(V(':,108C($H//0:(40(&;3;2(V(02(0/(807907;(40(95,87;(
C07-,1;2>(&572=(/,(F7.-,7.,(01(0/(%128.858;(#,1(!;2H(V(0/(3,9C.//07,P
8;(01(/,('9,40-.,(6./.8,7(G0107,/(#,18,1407(V(01(0/(9;/0U.;('570/.;(
6,78D10:(658.2(40(I59,7,-,1U,u(F7028=(207A.9.;(-./.8,7(;3/.U,8;7.;(V(
02854.=(20.2(20-028702(40('4-.1.287,9.=1('U7;F095,7.,(01(/,("1.A07P
2.4,4(40(6J/,U,O(40F,78,-018;(40(#,18,1407`]>(
K1(\jj](
vwx(//0U=(,(#5970(9;-;(,4-.1.287,4;7(40(R,2(60/01,2O(51,(C,9.01P
4,( 01( /,( :;1,( 40/( U;/[;( 40( 6;77;2b5.//;( 4;140( ,( 87,AH2( 40( /,2( 9;1P
87;A078.4,2( 9;;F07,8.A,2( 40( 20U57.4,4O( &QNS%S%BO( 20( .1.9.=( 01( 0/(
F,7,-./.8,7.2-;i`l>
'(/;(/,7U;(40/(F7;902;(40(!528.9.,(V(*,:(20(0A.4019.=(b50(
vwx(25(,-.28,4(9;1(#,/A,8;70(6,1952;(V(&,7/;2(&,28,T;O(9;1(b5.0P
102(-,1801D,(9;128,1802(9;1A072,9.;102O(C.:;(F;2.3/0(b50(20(.4018.[.9,7,(
9;1(/,(.40;/;UD,(,18.253A072.A,O(252([.102O(;3?08.A;2(V(-H8;4;2O(9.79512P
8,19.,(b50(F07-.8.=(b50(01(0/(,T;(\jj_O(.1U702,7,(9;-;(-.0-37;(40(/,2(
,58;40[012,2`^( V( /50U;O( 01( \jjjO( 709.3.07,( /,( 9;-,14,19.,( 40/( I/;b50(
6;1802(40(6,7D,(40(F,780(40(#,/A,8;70(6,1952;O(9;1(8;8,/(,58;1;-D,(
2;370(0/(-.2-;`k>(
&;3;2($H//0:(20(402-;A./.:=(0/(\](40(?5/.;(40(`aal(V([50(F;285/,P
4;(F;7(0/(G;3.071;(N,9.;1,/(F,7,(,990407(,(/;2(3010c9.;2(40(/,(R0V(
jkl(40(`aal>(@0187;(40(4.9C;(F7;902;(7.14.=(252(A072.;102(/.3702(01(
I,77,1b5.//,(V(I;U;8JO(V(9;18.15=(01(0/(F7;902;(,(F02,7(40(C,307(2.4;(
2;/.9.8,4;(01(0p87,4.9.=1(F;7(0/(G;3.071;(40(/;2(K28,4;2("1.4;2>(#5(
(K280(1;-370(A.010(40(25(A09.14,4(01(6;1807D,(9;1(6,1952;O(b5.01(/0(//,-,3,(hS0P
9.1;i(e6,1952;O(`a\\f>
`]
(B*').):K#*'&.g([email protected];(S09.1;zO(K4Y,7(&;3;2($H//0:i>
`l
(@KC)*9>
`^
(E;/.;(^€(95,4071;(;7.U.1,/(2;/.9.854(40(,54.019.,([;7-5/,9.=1(40(9,7U;2(e$#!*O(`a\af>
`k
(R1#*A(!B*-#$(NO!4)S.'!7(K(%!PT00*UV>(QF>(9.8>
`o
]_(
0%.3!1+)'6
0p87,4.9.=1([50(10U,4,(0/(\`(40([03707;(40(`a\a(F;7(/,(&;780(#5F70-,(
40(!528.9.,`_O(.128,19.,(b50(028.-=(b50(252(40/.8;2(403D,1(207(?5:U,4;2(
01(&;/;-3.,(40187;(40/(F7;902;(40(!528.9.,(V(*,:`j>
"1,(A0:(,U;8,4,(/,(08,F,(40(A072.=1(/.370(70,/.:,4,(01870(0/(\k(40(
?51.;(V(0/(\`(40(20F8.0-370(40(`aa_O(/,(EGN(/0([;7-5/=(9,7U;2(01(
/,( ,54.019.,( 70,/.:,4,( 0/( \_( 40( ?51.;( 40( `aaj>( '2D( F502O( 0/( F7;902;(
F7;2.U5.=(9;1(/,(,54.019.,(40(9;187;/(40(/0U,/.4,4([;7-,/(V(-,807.,/(
40(/;2(9,7U;2(.-F58,4;2O(b50(20(//0A=(,(9,3;(01870(0/(\_(40(,U;28;(V(
0/(k(40(;985370(40(`aaj>(E.1,/-0180O(0/(`k(40(,37./(40(`a\\([50(9;1P
401,4;(F;7(/,(&;780(#5F70-,(40(!528.9.,O(?518;(9;1(•307(I,1b50:(
6,78D10:O(,/.,2(h!5,19C;(@.b50iO(F;7(/,(-,2,970(V(0/(402F/,:,-.01P
8;(40(/,(F;3/,9.=1( 40(6,-F5?J1O(#,1( &,V08,1;(0(%2/,(6W957,>('2D(
/,2(9;2,2O([email protected];(S09.1;i(V(h!5,19C;(@.b50i(2;1(/;2(4;2(F7.-07;2(
402-;A./.:,4;2PF;285/,4;2( 9;1401,4;2( 01( c7-0( 01( 0/( -,79;( 40( /,(
R0V(jkl(40(`aaloa>(
JKLKMKNK*C/.@:-*;$,$,:=O.*
K/(//,-,4;(I&,(
vwx(20(9;1[;7-=(01(\jjj(,(87,AH2(40(4.28.18;2(4028,9,-018;2(F,7,P
-./.8,702(01A.,4;2(F;7(/,(&,2,(&,28,T;(40240(&=74;3,O(b50(0187,7;1(,/(
40F,78,-018;(F;7(0/(257(40/(&02,7(vwx>(*;7(25(9;-F7;-.2;(9;1(0/(1,7P
9;87J[.9;(F7;U702.A,-0180(20(9;1A.78.=(01(51;(40(/;2(-J2(.-F;78,1802(
3/;b502(40(/,2('"&io\>(
#0UW1(#,/A,8;70(6,1952;O(/,(409.2.=1(40(&,7/;2(&,28,T;(40(.1U70P
2,7(,(/,(70U.=1(40(K/(&,8,85-3;(9;12.28D,(01(;3/.U,7(,/(K?H79.8;(40(R.P
307,9.=1(N,9.;1,/(,(F,78.9.F,7(01(/,2(10U;9.,9.;102(40(F,:(e6,1952;O(
(K28,([50(/,(20U514,(A0:(b50(/,(&;780(10U=(/,(0p87,4.9.=1(40(51(?0[0(F,7,-./.8,7(A.1P
95/,4;(01(0/(F7;902;(40(!528.9.,(V(*,:>(K1(,U;28;(40/(`aaj(10U=(/,(0p87,4.9.=1(40(R5.2(
r4U,7(604.1,(E/=70:O(,/.,2(h&;-,14,180(&C,F,77;iO(402-;A./.:,4;(40/(I/;b50(B02.2P
8019.,($,V7;1,(40(/,2('"&>
`j
(B*').):K#*'&.3(h&;780(#5F70-,(1.0U,(0p87,4.9.=1(40([email protected];(S09.1;zi>
oa
(K1(0/(4;95-018;(40(R.1,702(V(<07707,(20(408,//,(0/(F7;902;(,40/,18,4;(9;187,(,/.,2(
[email protected];(S09.1;i(V(,/.,2(h!5,19C;(@.b50i>
o\
(B*').):K#*'&.>(hK28759857,2(*,7,-./.8,702g(53.9,9.=1(U0;U7Jc9,>(I/;b50(&,8,85-3;(
I>(N;780i>
`_
]j
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
`a\\f>(#.1(0-3,7U;O(?528.c9=(/,(0187,4,(,(02,(70U.=1(9;-;(/,(-,107,(
40(hvwx(b5.8,7/0(/,2(c1,1:,2(40(/,2(b50(20(,3,2809D,(/,(U5077.//,(V(vwx(
e40f(b5.8,7/0(0/([;78D1(F;/D8.9;(-./.8,7(V(09;1=-.9;i(e6,1952;O(`aa^P
,f>(R;(,1807.;7(02(7,8.c9,4;(F;7(!;7U0(%AJ1(R,A0740(+,F,8,O(,/.,2(hK/(
%U5,1;iO(b5.01(1,77=(b50(hvwx(yB;47.U;(@;3/0(&07;z(/0(.1[;7-=(b50(
07,(51;(40(/;2(20/099.;1,4;2(F;7(/,(&,2,(&,28,T;(F,7,(.7(,(/,(70U.=1(
40/(&,8,85-3;(,(2,9,7(/,(U5077.//,(V(,F;407,720(40(/;2(-04.;2(40(c1,1P
9.,9.=1(b50(801D,(/,(253A072.=1i(e$#!*O(`a\aP3(!;7U0(%AJ1(R,A0740f>(
K1(0/(F7;902;(40(/,(R0V(jkl(40(`aalO(0/($7.351,/(40(!528.9.,(V(*,:(
40297.3.=(b50g(
vwx(0/(\l(40(-,7:;(40(\jjj(&,7/;2(&,28,T;(,1519.,(01(0/(F07.=4.9;(
40!P#*98((b50(A,1(,(8;-,7(0/(9;187;/(40/(;7.0180(40(&;/;-3.,(eN;780(40(
#,18,1407(V('7,59,f(F,7,(402F/,:,7(,/(K?H79.8;(40(R.307,9.=1(N,9.;1,/(V(
;87;2([701802(253A072.A;2(vwx(e@KC)*9f>
K/(I/;b50(028,3,(
hvwx(9;1[;7-,4;(F;7(8702([701802g($.3WO(,/(-,14;(40(,/.,2(y6,57;zu(
I/;b50(6=A./O(9;-,14,4;(F;7(,/.,2(yE0/.F0z(V(0/(E70180(E7;1807,2(4.7.U.P
4;(F;7(,/.,2(yK/(%U5,1;z(vwxi(e@K#)*9f>
@.9C;2([701802(C.9.07;1(F702019.,(01(K/($,77,O(<,9,7DO(#,1(&,/.p8;O(
$0;7,-,O($.3WO(#,74.1,8,O(*5078;(#,18,1407O(K/(+5/.,O(&W958,O(&C.1,P
9;8,O(*,-F/;1,(V(B,1U;1A,/.,O(R;2(*,8.;2O(S.//,(40/(B;2,7.;O(#,1(&,P
V08,1;(V(;87;2(-51.9.F.;2(40/(40F,78,-018;(40(N;780(40(#,18,1407(
e-,F,(N;>(kf>(R,(-,U1.854(40(0280(U75F;(V(40(252(,99.;102([50(8,/(b50(
6,1952;(20T,/=(01(,54.019.,(40(A072.=1(/.370g(
vwx(V;(70,/-0180(9;1(0p,98.854(1;(9;1;:9;(8;4;2(/;2(-51.9.F.;2(b50(
20(-,10?,3,1(F07;(0/([01=-01;(40(,58;40[012,([50(8,/O(01(/,(70U.=1([50(
51([01=-01;(2;9.,/(2;9.;/=U.9;O(,CD(20(0p8014.07;1(F;7(1;(2H(95,7018,(;(
9.195018,(-51.9.F.;2O(1;(2H(95,18;2(80147J(F07;(;F07,3,1(F;7(8;4,2(/,2(
70U.;102(40(9,2.(e8;4;f(0/(N;780(40(#,18,1407(,77,19,14;(40240(&W958,(
e6,1952;O(`aa^P,f>
'/(.U5,/(b50(/;2(40-J2O(0280(3/;b50(20(9;1[;7-=(9;-;(51,(7HF/.9,(
40/(-;40/;(57,30T;O(3,?;(/,2(=740102(4.7098,2(40(/,(&,2,(&,28,T;>('/(
702F098;O(6,1952;(20T,/=(/;(2.U5.0180g(
la(
0%.3!1+)'6
vwx(&,7/;2(4.90O(-0(4,(/,(;7401O(V(-0(01AD,(,/(9;-,14,180(y&,-./;z(
9;1(51;2(C;-3702(40("7,3J(F,7,(b50(20(70018701,7,1(01(:;1,2(3,?;(-.(
-,14;>(K1(020(-;-018;O(V;(018701;(/,2(87;F,2(b50(V,(2;1(U0180(0pF0P
7.-018,4,( b50( 07,1( 4;29.018;2O( 4;29.018;2( V( F.9;( 40( C;-3702( 01( 020(
-;-018;(95,14;(.1U702,7;1(,/(&,8,85-3;O(V(01(-,V;(40(\jjjO(2.(-,/(
1;(7095074;O(0285A.07;1(/.28,2(e6,1952;O(`aa^P,f>(
/%.%'*)5'=5'G0;770[07019.,9.=1(40/(I/;b50(&,8,85-3;
Fuente: FGN, 2010-b.
JKLKMKNKJK* ;.=$%7$%,-*7-/*C;$E*B$/P$,."-*2$%(:1.*
K/(I&,(07,(9;-,14,4;(F;7(h$7.F/0(&07;iu(2.1(0-3,7U;O(hvwx(25(
F7.19.F,/(702F;12,3/0(-./.8,7([50(0/(0p(9,F.8J1(40/(K?H79.8;O('7-,14;(
'/3078;( *H70:( I08,1957O( ,/.,2( y&,-./;z( e@K#)*9f>( K1870( ;87;2( 40( 252(
.180U7,1802( 20( 019;187,3,1( hK/( %U5,1;i( V( '7,-.2( 6,9C,4;( Q78.:O(
,/.,2(h&,3;(6,9C,4;iO(9;1401,4;2(40187;(40/(F7;902;(40(/,(R0V(jkl(
40(`aal>(
hK/( %U5,1;iO( b5.01( .1.9.=( 25( ,98.A.4,4( F,7,-./.8,7( ,( /;2( 4.09.2.080(
,T;2(3,?;(/,2(=740102(40(&,7/;2(&,28,T;O(709;1;9.4;(F;7(402,F,70907(
l\
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
U0180(01(/;2(C;71;2(970-,8;7.;2o`(V(9;1401,4;(F;7(0/(,202.1,8;(%AJ1(
S.//,-.:,7(R59.,1.O(n0p(@0[012;7(40/(*503/;(40(N;780(40(#,18,1407O(
9;-08.4;(01(`aa\nO(20(70c7.=(01(/,2(A072.;102(/.3702(,(/;2(U75F;2(/;P
9,/02(b50(F7;-;A.07;1(/,(//0U,4,(V(9;12;/.4,9.=1(40(/,(&,2,(&,28,T;(,(
020(40F,78,-018;(eF>(0?>(R;2(*;//07;2fO(,2D(9;-;(,/(,F;V;(709.3.4;(40(
/,(*;/.9D,(V(40(/,(E507:,(*W3/.9,(e$#!*O(`a\aP3(P(!;7U0(%AJ1(R,A0740foo>(
*;7(25(F,780O(h&,3;(6,9C,4;iO(0p(-.0-37;(40/(K?H79.8;(N,9.;1,/O(
.1.9.,/-0180(C.:;(F,780(40(/,2('58;40[012,2("1.4,2( 40(#,18,1407(V(
#57(40/(&02,7O(4;140(0?079.=([519.;102(40(h.1287598;7(-./.8,7(V(573,P
1;i(01(h/,2(02950/,2(-./.8,702(53.9,4,2(01(/,2(C,9.014,2(R,("97,1.,(V(
R,(#;1;7,iO(/;9,/.:,4,2(01(*,./.8,2O(&02,7(e$#!*O(`a\\(P('7,-.2(6,P
9C,4;(Q78.:fo]>(
K/(I/;b50(&,8,85-3;([50(0/(F7.-07;(01(,1519.,7(01(/,(9070-;1.,(
40(402-;A./.:,9.=1(/,(01870U,(40(.1-503/02(573,1;2(V(01(25-.1.287,7(
.1[;7-,9.=1( 2;370( F704.;2( 757,/02( 25F5028,-0180( 58./.:,4;2( 9;-;(
,F;V;(/;UD28.9;olO(80-,(b50(20(,3;74,(01(0/(9,FD85/;(95,78;>(
(B*').):K#*'&.g(hy&,3;(6,9C,4;zO(40(-./.8,7(,(.1287598;7(40(yF,7,2z(40/(&,8,85-3;i>
(B*').):K#*'&.g(h&=-;(/;2(F,7,2(20(8;-,7;1(0/(F;407(01(N;780(40(#,18,1407i>
o](
K1(/,(95,78,(2018019.,(40(/,(R0V(jkl(40(`aalO(0/($7.351,/(40(!528.9.,(V(*,:(/;(9;1401=(
F;7(,F;V,7(/,([5U,(/;2(,/.,2(hK/(%U5,1;i(V(hG528,A;(\_i(40/(F,30//=1(@.29;(40/(F,8.;(\^(
40(/,(&J790/(6;40/;(40(&W958,O(V(F;7(87,c9,7(,7-,2(40187;(40(4.9C;(028,3/09.-.018;u(
/0(.-F52;(51,(F01,(,/8071,8.A,(40(20.2(,T;2(V(/,(.1C,3./.8,9.=1(F,7,(0?07907(40709C;2(V(
[519.;102(FW3/.9,2(F;7(4.0:(,T;2(e$#@!O(`a\\(P('7,-D2(6,9C,4;(Q78.:f>
ol
(B*').):K#*'&.g(hE.29,/D,(9;-01:=(.-F58,9.=1(40(\\`(97D-0102(,(#,/A,8;70(6,1952;i>
o`
oo
l`(
!02W2('3,4(&;/;7,4;(m
0%.3!1+)'""
!"#$$%&'('!#$$"!)$")&'#*'+)&'91#'>"0"#$)*'
.$#&#*0"%'+%&'%001
K1(0280(9,FD85/;(20(C,90(70/,9.=1(,(/;2(.18070202(09;1=-.9;2O(-./.P
8,702( V( F;/D8.9;2( 01( /,2( 70U.;102( 20/099.;1,4,2O( 028;( 02g( 0/( "7,3JO( /,(
70U.=1(&,7.30(V(0/(N;780(40(#,18,1407>(K1(F7.-07(/5U,7O(20(F709.2,P
7J1(,/U51,2(F,78.95/,7.4,402(40(/,2(70U.;102(58./.:,4,2(F;7(/;2(U75F;2(
F,7,-./.8,702(F,7,(F7;F.9.,7(25(9709.-.018;(V(0pF,12.=1>(K1(20U514;(
/5U,7O( 20( ,/540( ,( /;2( .18070202( 2;370( /,2( 8.077,2O( /;2( 8077.8;7.;2( V( /;2(
709572;2(1,857,/02(01(/,2(4.28.18,2(70U.;102(01(b50(C.9.07;1(F702019.,(
/;2(U75F;2(1,9.4;2(40(/,2(4.70987.902(40(/,(&,2,(&,28,T;(40297.8;2(01(
0/(9,FD85/;(F7.-07;O(V(,(/;2(0[098;2(40(25(0pF,12.=1(V(40(252(97D-0102(
01(0/(,3,14;1;([;7:,4;(V(402F;?;(40(/,2(8.077,2(V(8077.8;7.;2>(
*;7(W/8.-;(20(C,90(51,(370A0(40297.F9.=1(40(/,(F;/D8.9,(40(7028.85P
9.=1(40(8.077,2(V(8077.8;7.;2(01(/,(b50(20(C,(9;-F7;-08.4;(0/(*702.P
40180(!5,1(6,150/(#,18;2(V(20(-019.;1,1(,/U51;2(40(252(F7.19.F,/02(
7.02U;2(V(402,[D;2>(
!"#$%&%$'(&)*'+$%*#,%&'+$-.%&(*#/(#.%*#&(0+12(*#
&;1(70/,9.=1(,(/,2(8.077,2(01(b50(C.9.07;1(F702019.,(/;2(3/;b502(;(
[701802(40(/,2('&&"(40(/,(&,2,(&,28,T;O(,40-J2(40(252(9;14.9.;102(
V( F;8019.,/.4,402( 09;1=-.9,2( V( /;9,/.:,9.=1( 0287,8HU.9,O( 02( 70/0A,1P
80( 4028,9,7( 25( 9,7J9807( 02F09.,/( F;7( 9;-F701407( 8077.8;7.;2( H81.9;2(
40(F503/;2(.14DU01,2(V(40(9;-51.4,402(,[7;4029014.01802>('/U51,2(
40(028,2(8.077,2(V(8077.8;7.;2(028J1(25F07F5028,2(9;1(:;1,2(40(70207A,((
[;7028,/(40(/,(R0V(`,(40(\jljO(V(01(A,7.,2(:;1,2(9;1(807701;2(b50(C,P
901(F,780(40/(#.280-,(N,9.;1,/(40(X70,2(*7;80U.4,2(9;-;(/;2(*,7b502(
N,9.;1,/02( N,857,/02O( /;2( #,185,7.;2( 40( E,51,( V( E/;7,( V( /,2( X70,2(
N,857,/02(•1.9,2>(
K1(0/("7,3J(9C;9;,1;O(,18.;b50T;(V(9;74;3H2(C,3.8,1(F503/;2(.1P
4DU01,2(V(9;-51.4,402(,[7;4029014.01802(01(8077.8;7.;2(709;1;9.4;2(
ll
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
;(1;(9;-;(70207A,2(V(702U5,74;2(.14DU01,2(V(8077.8;7.;2(9;/098.A;2(40(
/,2(9;-51.4,402(10U7,2>(S,7.;2(40(0//;2(20(87,2/,F,1(9;1(/;2(*,7b502(
N,9.;1,/02(N,857,/02(‚,8D;2(V(*,7,-.//;>(K280(W/8.-;(n53.9,4;(,/(257(
40/(40F,78,-018;(40(&=74;3,(V(,/(1;7;99.40180(40/(40F,78,-018;(40(
'18.;b5.,n([50(0/(F518;(0287,8HU.9;(F,7,(0/(,2018,-.018;(V(0pF,12.=1(
40(/,(&,2,(&,28,T;O(V(F020(,(b50(02(0/(CJ3.8,8(1,857,/(40/(F503/;(0-P
307,(~,8.;(V(,(b50([50(0/(F7.-07;O(409/,7,4;(01(\jj](9;-;(2.8.;(40(F,P
87.-;1.;(1,857,/(-514.,/(F;7(/,(Q7U,1.:,9.=1(40(/,2(N,9.;102("1.4,2(
F,7,(/,(K459,9.=1(/,(&.019.,(V(/,(&5/857,(e"NK#&QfO([50(58./.:,4;(
9;-;(9;7704;7(40(/;2(F,7,-./.8,702(V(F518;(-./.8,7(0287,8HU.9;(F,7,(0/(
IK&(V(0/(IIO(3,?;(/,2(=740102(40(S0/;:,(V(<,23W1>(
K1(/,(70U.=1(40/(&,8,85-3;(/;9,/.:,4,(01(0/(40F,78,-018;(40(N;780(
40(#,18,1407O(20(25F07F;101(0/(*,7b50(N,857,/(N,9.;1,/(&,8,85-3;(
9;1(0/(702U5,74;(6;8./=1(I,7.O(C,3.8,4;(F;7(.14DU01,2(V(9,-F02.1;2>
(&;1(702F098;(,/(8077.8;7.;(40(.1d5019.,(40/(INO(9;-,14,4;(F;7(
6,1952;(V($;A,7(*5F;O(01(/;2(40F,78,-018;2(40(&02,7O(6,U4,/01,(V(
R,(G5,?.7,(20(/;9,/.:,1(/;2(8077.8;7.;2(,190287,/02(40(/;2(F503/;2(.14DP
U01,2(~;U5.O(,7C5,9;(e.~,fO(Y.Y,(e,72,7.;fO(~,1~5,-;O(V5~F,2(V(9C.-.P
/,2O(,/U51;2(40(0//;2(709;1;9.4;2([;7-,/-0180(,(87,AH2(40(702U5,74;2O(
V(;87;2(01(F7;902;(40(9;128.859.=1(;(,-F/.,9.=1>(K1(R,(G5,?.7,(,40P
-J2O(C,3.8,(0/(F503/;(Y,V55O(b50(70F702018,1(40/(]l|(40(/,(F;3/,9.=1(
40/(40F,78,-018;(V(2;370F,2,(/;2(b5.1.018;2(-./(C,3.8,1802(e@'NKO(
`aalf>(
K1(/,(:;1,(40(.1d5019.,(4.7098,(40/(I/;b50(N;780(01(/,(70U.=1(1;7P
80(40/(/.8;7,/(&,7.30(20(01950187,(0/(*,7b50(N,9.;1,/(N,857,/(#.077,(
N0A,4,(40(#,18,(6,78,O(/;9,/.:,4;(01(/,(.18072099.=1(01870(/;2(40F,7P
8,-018;2(40(6,U4,/01,O(&02,7(V(R,(G5,?.7,>(K280(F,7b50([50(,F7;P
A09C,4;(.1.9.,/-0180(F;7(0/(I/;b50(B02.28019.,($,V7;1,(V(/50U;(F;7(
h!;7U0(&5,7018,iO(b5.01(,/(.U5,/(b50(G.7,/4;O(/;(58./.:=(9;-;(90187;(
40(;F07,9.=1(V(F518;(0287,8HU.9;(F,7,(9;187;/,7(0/(9;7704;7(40(47;U,(
40(/,(#.077,(N0A,4,(40(#,18,(6,78,(b50(4020-3;9,(01(0/(-,7(&,7.30o^O(
(hR,(.-F;78,19.,(09;1=-.9,(40(/,(70U.=1(407.A,(40(/,(0p87,99.=1(40(C.47;9,7357;2O(40(
/,(F7;4599.=1(40(95/8.A;2(./D9.8;2(40(9;9,O(40/(87Jc9;(./0U,/(40(U,2;/.1,(40(9;187,3,14;(
40240(S010:50/,(V(/,(F7;4599.=1(,U7;F095,7.,(40(3,?,(029,/,i>(e$#@!O(`a\aP3(P(!;7U0(
%AJ1(R,A0740f>
o^
l^(
0%.3!1+)'7
01(4;140(20(53.9,1(/;2(F,7b502(#.077,(N0A,4,(40(#,18,(6,78,(0(%2/,(
40(#,/,-,19,(V(0/(#,185,7.;(R;2(E/,-019;2O(0280(W/8.-;(,[098,4;(F;7(
0/( E70180( &;187,.1257U019.,( L,V55O( b50( /50U;( 20( [52.;1,7D,( 9;1( 0/(
IN>
$;4,2( 028,2( 70U.;102( [507;1( 02901,7.;( 40/( 8077;7( F,7,-./.8,7( b50(
9,52=(0/(402F/,:,-.018;(40(/;2(1,8.A;2(V(/,(;95F,9.=1O(V(01(,/U51;2(
9,2;2O(/,(,F7;F.,9.=1(A.;/018,(40(8077.8;7.;2(9;/098.A;2(40(.14DU01,2(V(
,[7;4029014.01802>(
LKJK*+%,-"-1-1*#-%-"$/-1*
R,(.-F;78,19.,(09;1=-.9,(40(/,(70U.=1([50(9;12528,19.,/(,(/;2(F7;P
F=2.8;2(40(/,(&,2,(&,28,T;(40(9;12;/.4,7(0/(9;187;/(40(8077.8;7.;2O(/.30P
7,4;2(40(/,2(U5077.//,2O(F,7,(F7;A00720(40(709572;2(,(F,78.7(40/(10U;9.;(
40(/,2(47;U,2(./D9.8,2O(/,(0pF/;8,9.=1(40(709572;2(1,857,/02O(/,(F7;459P
9.=1(,U7;F095,7.,(,(U7,1(029,/,(V(0/(9;187,3,14;(40(,7-,2(V(U,2;/.1,O(
01870(;87;2(F7;4598;2(eS07g($#@!O(`a\aP3(!;7U0(%AJ1(R,A0740f>
LKJKJK*;.%1./&7$(&)%*,-""&,."&$/
"1,(40(/,2(9,7,9807D28.9,2(F7.19.F,/02(b50(2,/8,1(,(/,(A.28,O(702F098;(,(
/,(F702019.,(b50(85A.07;1(/,2('&&"O(02(b50(25(0pF,12.=1(01(/,(70U.=1(
40/(&,7.30(1;([50(,99.4018,/(;([;785.8,O(F502(9;-;(20(0A.4019.=(,180P
7.;7-0180O([50(0/(F7;4598;(40(/,2(4.70987.902(028,3/09.4,2(F;7(/,(&,2,(
&,28,T;O(25F5028,-0180(F,7,(9;-3,8.7(/,2(U5077.//,2O(F07;(F7.19.F,/P
-0180(,2;9.,4,2(,/(J1.-;(40(9;12;/.4,7(25370U.;102(9;-;(/;2(U;/[;2(
01(0/("7,3JO(6;1802(40(6,7D,O(/,(#.077,(N0A,4,(40(#,18,(6,78,O(/;2(
A,//02(40/('/8;(&02,7(V(40/('/8;(B,19C07D,(;(*7;A.19.,(40(*,4.//,u(/;2(
A,//02(,/5A.,/02(40(/;2(7D;2(#.1W(V(,/8;(#,1(!;7U0u(/,2(//,157,2(40/(6,UP
4,/01,O(V(/,(*01D125/,(40(/,(G5,?.7,(e-,F,(N;>(_f>
&;187;/,7(028,(70U.=1(801D,(51,(2.U1.c9,8.A,(.1d5019.,(4,4;(b50(,//D(
20(53.9,3,1(09;1;-D,2(1,9.;1,/02O(/;9,/02(V(70U.;1,/02(01(/;2(2098;702(
U,1,407;O( ,U7D9;/,O( ,U7;.145287.,/( V( -.107;O( b50(,F;78,7;1( 709572;2(
,/(9709.-.018;(V(0pF,12.=1(40(/,(&,2,(&,28,T;>(R;(,1807.;7(1;(b5.070(
409.7(b50(/;2(F,7,-./.8,702(C,V,1(F07-0,4;(10902,7.,-0180(8;4;2(/;2(
-079,4;2(V(2098;702O(1.(8,-F;9;(b50(C,V,1(9;18,4;(2.0-F70(9;1(/,(
9;/,3;7,9.=1(A;/518,7.,(40(8;4,2(/,2(0-F702,2(40(/;2(4.A072;2(2098;702(
40(F7;4599.=1>
lk
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
/%.%'*)5'?5'G0;770[07019.,9.=1(40(/,2('&&"(
01(/,(70U.=1(40/(&,7.30
;3%0+%.<$;=>5$67?7@'$%$A=BC5$D%E,(0%.$>"+3)"&%.5$67?7F8:
Q87;(40(/;2([,98;702(70/0A,1802(b50(2,/8,1(,(/,(A.28,(702F098;(,(/,(
F702019.,( V( 4;-.1.;( 40( /,2( '&&"( 01( 0/( 1;780( 40/( F,D2O( 02( 25( 10p;(
9;1(0/(9;187;/(40(9;7704;702(0287,8HU.9;2(F,7,(0/(-079,4;(40(47;U,2(
./D9.8,2O(0/(9;187,3,14;(V(0/(9;187;/(40(758,2O(,98.A.4,402(,(87,AH2(40(
/,2(95,/02(;3801D,1(95,18.;2;2(709572;2(c1,19.07;2>(K//;(0pF/.9,(F;7(
b5H(/;2(F7.19.F,/02(9;7704;702(40(47;U,(53.9,4;2(01(/,(70U.=1(&,7.30O(
0/("7,3J(9C;9;,1;P,18.;b50T;(V(/,(:;1,(40/(&,8,85-3;O(0285A.07;1(
3,?;(0/(9;187;/(40(/,(&,2,(&,28,T;(e-,F,(N;>(jf>
( K/( -,F,( F5040( 207( 9;125/8,4;( 01g( C88Fgqq\ja>`l]>``>]]q-,F,2ƒ40ƒ9;/;-3.,q
%G'&qB0U1,85l>F4[ (
ok
l_(
0%.3!1+)'7
/%.%'*)5'@5'G0;770[07019.,9.=1(V(9;7704;702(40(87Jc9;(40(47;U,
Elaborados a partir del mapa oficial de la FGN, 2010-b y del mapa del Plan
de Choque y Zonas de Consolidación (Ministerio de Agricultura y Desarrollo
Rural, MADR, 2010).
'/( ;3207A,7( /;2( ,1807.;702( -,F,2O( 0/( 20U514;( 40( 0//;2( 70[07.4;( ,(
/,2( :;1,2( F7.;7.:,4,2( F,7,( /,( ,V54,( 40( K28,4;2( "1.4;2( ,( &;/;-3.,(
01( /,( *;/D8.9,( *W3/.9,( 40( &;12;/.4,9.=1( $077.8;7.,/o_O( 20( 9;-F70140(
U7Jc9,-0180( 9=-;( ;F07,3,1( /;2( -04.;2( 40( c1,19.,9.=1( ./0U,/( b50(
F7;A01D,1(40/(-079,4;(40(/,(47;U,>(*;7(51,(F,780O(20(8.010(b50(0/(9;P
7704;7(40("7,3J(e>'.K.!-(''#)('f(028J(53.9,4;(01(/,(:;1,(4;140(C,9D,1(
F702019.,(0/(II(V(0/(IK&O(02(409.7(01(0/(U;/[;(40/("7,3J(9C;9;,1;P,1P
8.;b50T;(2,/.4,(,/(;9H,1;('8/J18.9;(V(,/(-,7(*,9Dc9;>(*;7(;87,(F,780O(0/(
9;7704;7(40(6;1802(40(6,7D,(e"($&*%!)*!".'C.!-(''#)('f(07,(9;187;/,4;(
F709.2,-0180( F;7( 0/( 3/;b50( b50( //0A,( 25( -.2-;( 1;-370O( ,2D( 9;-;(
;95770(9;1(0/(9;7704;7(&,8,85-3;(e7.&.&,9K(!-(''#)('f(01(0/(40F,78,P
(S07(01870(;87;2g(4.7098.A,(F702.4019.,/(a\(40(`aajO(409708;(`joo(40(`a\a(V(,78D95/;2(`^(
V(\jl(40(/,(R0V(\\la(40(`a\\O(*/,1(N,9.;1,/(40(@02,77;//;O(`a\aP`a\]>
o_
lj
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
-018;(40(N;780(40(#,18,1407O(01(/,([7;1807,(9;1(S010:50/,oj>(E.1,/P
-0180O(0/(9;7704;7(40(/,(#.077,(N0A,4,(40(#,18,(6,78,(e=#*''.!6*;.).!
)*!=.$&.!".'&.!-(''#)('f(07,(9;187;/,4;(F;7(0/(9;1;9.4;(I/;b50(N;780>
'40-J2(40(/;(,1807.;7O(/,(&,2,(&,28,T;(9;187;/,3,(;87;2(9;7704;P
702(209514,7.;2(9;-;(0/(40(/,2(2,3,1,2(40(#,1(X1U0/O(6,U4,/01,(V(
&02,7O(/;2(95,/02(20(58./.:,3,1(nV(58./.:,1n(F,7,(0/(87,12F;780(40(C;?,(
40(9;9,(40240(0/(257(40(I;/DA,7(C,28,(/;2(F5078;2(,/(1;780(40(/,(#.077,(
N0A,4,O(V(,(/,(F01D125/,(40(R,(G5,?.7,]a>('2D-.2-;O(0/(9;187;/(2;370(
0/(40F,78,-018;(40(R,(G5,?.7,(/0(F07-.8D,(hvwx(70,/.:,7(/,2(;F07,9.;P
102(40(9;187,3,14;(b50([,9./.8,1(0/(/,A,4;(40(4.107;(V(0/(.1U702;(40(/,(
U,2;/.1,(A010:;/,1,(3,7,8,i]\O(70b507.4,(F,7,(/,(F7;4599.=1(40(47;U,2(
./D9.8,2O(01870(;87;2(c102>(
LKJKLK*80".0&$(&)%*7-*,&-""$1*A*,-""&,."&.1
#.1(/5U,7(,(454,2O(,40-J2(40(/;2(.18070202(40(9;187;/(8077.8;7.,/(,1P
802( 40297.8;2O( /,( 0pF,12.=1( 40( /,( &,2,( &,28,T;( 028,3,( 4.7098,-0180(
A.195/,4,(9;1(0/(.1807H2(40(,F7;F.,720(40(8.077,2O(8077.8;7.;2(V(709572;2(
1,857,/02u(F07;O(02(9/,7;(b50(1;([507;1(/;2(W1.9;2(b50(/;(C.9.07;1(01(/,(
-04.4,(01(b50(0/(,A,190(40/(F7;V098;(F;/D8.9;PF,7,-./.8,7(;(/;2(c102(
40(/,(0-F702,(-,97;97.-.1,/O(/02(;[709D,(,(252(2;9.;2(/,2(9;14.9.;102(
F,7,(017.b5090720(V(525[75985,7(/;2(7H4.8;2(40(25(,99.;1,7(A.;/018;(V(
97.-.1,/>(
'/(0[098;O(/,(&;780(&;128.859.;1,/(C,(20T,/,4;(40187;(40(/,2(9,52,2(
40/(402F/,:,-.018;([;7:,4;O(/;2(.18070202(09;1=-.9;2(2;370(/,2(8.0P
77,2(V(8077.8;7.;2
('/(702F098;(4030(709;74,720(b50(0/(hvwx(0-F;7.;(09;1=-.9;(07,(9;187;/,4;(F;7(0/(
I/;b50(N;780(b50(F,78.9.F=(01(8;4;2(/;2(02/,3;102(40/(10U;9.;(40(/,(9;9,D1,g(/;2(95/8.P
A;2(40(F/,18,9.;102(53.9,4;2(01(150A0(-51.9.F.;2u(/,3;7,8;7.;2(F,7,(0/(F7;902,-.018;(
01($.3WO('U5,9C.9,O(#,74.1,8,O(J70,(-087;F;/.8,1,(40(&W958,(V(/,(9;-079.,/.:,9.=1(F;7(
0/(6,U4,/01,O(/,(9;28,('8/J18.9,(V(/,([7;1807,(9;/;-3;PA010:;/,1,i(e$#@!O(`a\aP3(P(
!;7U0(%AJ1(R,A0740>(B,4>(QF>(9.8>f>
]a
(&0187;(40(604.;2(%140F014.01802(40(&;/;-3.,g(hR;2(150A;2(U75F;2(,7-,4;2(40(
&;/;-3.,g(0/(9,2;(40(/,(9;28,(&,7.30iO(F;7(%18071,8.;1,/(&7.2.2(G7;5FO(`aak>
]\
(@KC)*9>
oj
^a(
0%.3!1+)'7
(vwx(F;7(F,780(40(/;2(,98;702(,7-,4;2(.180702,4;2O(;(3.01(01(/,(70,/.P
:,9.=1(4.7098,(40(-0U,F7;V098;2(,U7D9;/,2(V(40(0pF/;8,9.=1(40(709572;2(
1,857,/02O(;(3.01(01(0/(,F;V;(,(9.078,2(0-F702,2(V(,98;702(09;1=-.9;2(
b50(402,77;//,1(028;2(F7;V098;2O(V(9;1(/;2(95,/02(20(C,1(,2;9.,4;(F,7,(
/597,720(9;1(/;2(3010[.9.;2(40(8,/02(,98.A.4,402(e&;780O(`aajf>
R,2(2.85,9.;102(0(.18070202(-019.;1,4;2(20(4.07;1(01(/,2(70U.;102(
01(b50(,985,7;1(/;2(3/;b502(,1802(40297.8;2O(9;-;(20(;3207A,(01(/;2(
2.U5.01802(-,F,2(01(/;2(b50(20(-50287,1(/,2(:;1,2(01(b50(C.9.07;1(
F702019.,O(V(25(9;.19.4019.,(9;1(/,2(70U.;102(01(/,2(b50(20(C,(0A.401P
9.,4;( V( 4;95-018,4;( 0/( ,3,14;1;( [;7:,4;( V( 0/( 402F;?;( 40( 8.077,2(
e-,F,(N;>(\af>(
/%.%'*)5'6A5(G0;770[07019.,9.=1(V(:;1,2(40(402F;?;(
V(,3,14;1;([;7:,4;
Elaborados a partir de los mapas de la FGN, 2010-b y del MADR, 2010.
@0(028,([;7-,(02(F;2.3/0(.4018.c9,7(0/(10p;(01870(/,2(70U.;102(9;1(
,3,14;1;(;(402F;?;(40(8.077,2(V(8077.8;7.;2O(V(/,2(A.;/,9.;102(-,2.A,2(
V(2.280-J8.9,2(,(/;2(40709C;2(C5-,1;2(0(.1[7,99.;102(,/(@0709C;(%1P
8071,9.;1,/(<5-,1.8,7.;(b50(4.2F,7,7;1(0/(Hp;4;([;7:,4;O(01870(0//,2(
/;2(C;-.9.4.;2(20/098.A;2(V(40(9;1cU57,9.=1(-W/8.F/0O(/,2(-,2,9702O(
^\
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
/,2(,-01,:,2O(/;2(,99.401802(F;7(-.1,2(,18.F072;1,O(/,2(402,F,7.9.;P
102([;7:,4,2O(0/(709/58,-.018;(V(/,(58./.:,9.=1(./D9.8,(40(1.T;2O(1.T,2(V(
,4;/02901802(e@0[012;7D,(40/(*503/;O(`a\afO(,90185,4,2([70180(,(/;2(
F503/;2(.14DU01,2(V(/,2(9;-51.4,402(,[7;4029014.01802O(9;-;(/;(C,(
40297.8;(,-F/.,-0180(/,(&;780(&;128.859.;1,/]`>(
*7503,(40(0//;O(2;1(/,2(9;1[02.;102(01(/;2(F7;902;2(40(/,(R0V(jkl(40(
-J2(40(ol(-./(C09C;2(97.-.1,/02O(01870(0//;2(`o(-./(C;-.9.4.;2O(\a>`^](
402F/,:,4;2O(o>`k`(402F,709.4;2([;7:,4,-0180O(kj(9,2;2(40(A.;/019.,(
20p5,/(b50(.1A;/597,1(,(]^>\a^(AD98.-,2(01(0/(-,79;(40/(F7;902;(40(
!528.9.,(V(*,:(eE.29,/D,O(`a\`fO(V(_j](-,2,9702(eE.29,/D,O(`a\`P,f>(
/%.%'*)5'665(6,2,9702(F;7(40F,78,-018;(`aa\P`a\\
Fuente: Verdad Abierta. Estadísticas de masacres, Abril 4 de 2012. Disponible en:
http://www.verdadabierta.com/component/content/article/173-estadisticas/3828-estadisticas-masacres
K1(0/(-,F,(N;>(\\(20(70U.287,1(/;2(9,2;2(40(-,2,9702(F;7(40F,7P
8,-018;(9;12;/.4,4;(01(0/(F07.;4;(9;-F7014.4;(01870(0/(`aa\(V(0/(
(R,(70,/.4,4([J98.9,(40(/;2(8077.8;7.;2(9;/098.A;2(02(40297.8,(F;7(/,(&;780(&;128.859.;1,/(
01(A,7.;2(40(/;2(,58;2(0pF04.4;2(01(402,77;//;(40(/,(2018019.,($Pa`l(40(`aa]O(01870(0//;2(
/;2(,58;2(aa](V(aal(40(`aajO(V(0/(,58;(aj`(40(`aa_O(01(0/(b50(20(0pF;10(/,(2.85,9.=1(40(
/,2(-5?0702(.14DU01,2(V(,[7;4029014.01802>
]`
^`(
0%.3!1+)'7
`a\\(e,10p;(o>(6,2,9702(01(/,2(:;1,2(20/099.;1,4,2f>('(F,78.7(40(/,2(
028,4D28.9,2O( 02( F;2.3/0( 9;19/5.7( b50( /,( -,V;7( 9,18.4,4( 40( -,2,9702(
[507;1(9;-08.4,2(457,180(/,(HF;9,(40(,5U0(F,7,-./.8,7(01870(\jjj(V(
`aaoO( C,9.014;( b50( 0280( ,98;7( ,7-,4;( 20,( 702F;12,3/0( 40/( l_|( 40(
/;2(9,2;2>(R;2(40F,78,-018;2(-J2(97D8.9;2(2;1('18.;b5.,(e\l_fO(S,//0(
40/(&,59,(e_of(V(N;780(40(#,18,1407(el\fO(F709.2,-0180(,b50//;2(01(
/;2(b50(/,2('&&"(85A.07;1(-,V;7(F702019.,(V(90187,7;1(25(0pF,12.=1(
8077.8;7.,/>(
#.1(F70801407(-019.;1,7(/;2(1;-3702(40(8;4,2O(/,2(028759857,2(40(
/,(&,2,(&,28,T;(2;1(702F;12,3/02(40(/,2(-,2,9702(40(<;1457,2(V(R,(
N0U7,O("7,3J(e\j__fu(#,.:,O(&=74;3,(V(0/(&,8,85-3;O(N;780(40(#,1P
8,1407(e\jjjfu(B0F0/=1O('8/J18.9;(e`aa\fu(K/(#,/,4;O(I;/DA,7(V(&.H1,U,(
G7,140O(6,U4,/01,(e`aaafu(&C01U50O(#5970(e`aa\f(V(I,CD,(*;78080O(
R,( G5,?.7,( e`aa]fO( 01870( ;87,2>( #;/;( 01870( /;2( ,T;2( `aa\( V( `aa`( 20(
F07F087,7;1(4;29.018,2(870.18,(V(51,(01(/,2(70U.;102(20/099.;1,4,2(01(
/,2(b50(F074.07;1(/,(A.4,(-J2(40(-./(b5.1.018,2(F072;1,2(eS.90F702.P
4019.,O(`a\\f>
(
LKLK*R-10/$'$=&-%,._*$O$%7.%.*A*7-10.9.*7-*,&-""$1(
&;/;-3.,(20(4.2F58,(9;1(#54J1(0/(F7.-07(/5U,7(9;1(-,V;7(1W-07;(
40( F072;1,2( 01( 2.85,9.=1( 40( 402F/,:,-.018;>( '( 4.9.0-370( 40( `a\\O(
-J2(40(]>k(-.//;102(9;1(4,8;2(;c9.,/02(V(9079,(40(l>l(-.//;102(20P
UW1(/,(&;125/8;7D,(F,7,(/;2(@0709C;2(<5-,1;2(V(0/(@02F/,:,-.018;(
e&Q@<K#f>(@0/(8;8,/(40(F;3/,9.=1(402F/,:,4,(F;7(40F,78,-018;(40(
//0U,4,( eo>_kl>j_kfO( 0/( ]^O]|( 9;7702F;140( ,( F072;1,2( F7;A01.01802(
40('18.;b5.,O('8/J18.9;O(I;/DA,7O(&02,7O(&C;9=O(&;74;3,O(R,(G5,?.7,O(
6,U4,/01,(V(N;780(40(#,18,1407>(6J2(40/(]a|(2;1(-5?0702O(0/(\\|(
,[7;4029014.01802(V(0/(`|(2;1(.14DU01,2O(2.1(9;18,7(9;1(.1[;7-,9.=1(
40('8/J18.9;(e,10p;(]>(*;3/,9.=1(402F/,:,4,(01(:;1,2(20/099.;1,4,2f>(
K/(U7,1(.-F,98;(40(/;2(3/;b502(40(/,(&,2,(&,28,T;(01(0/(402F/,:,P
-.018;(V(402F;?;(V(,3,14;1;(40(8.077,2O(20(0A.4019.,(01(/;2(.1[;7-02(
40( /,( &;-.2.=1( 40( #0U5.-.018;( ,( /,( *;/D8.9,( *W3/.9,( 40( '8019.=1( ,(
/,(*;3/,9.=1(@02F/,:,4,(V(40/(*7;V098;(40(*7;8099.=1(40($.077,2(V(
*,87.-;1.;(e**$*f(40('99.=1(#;9.,/O(,C;7,(40/(6.1.2807.;(40('U7.P
95/857,(V(@02,77;//;(B57,/>
^o
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
K1(/,($07907,(K195028,(N,9.;1,/(40(S07.c9,9.=1(70,/.:,4,(F;7(/,(
"1.A072.4,4(N,9.;1,/(,(2;/.9.854(40(/,(&;-.2.=1O(20(.14.9,(b50(F;7(
/;(-01;2(,/(]a>k|(40(/;2(U75F;2([,-./.,702(402F/,:,4;2(,3,14;1,P
7;1O(A014.07;1([;7:,4,-0180(;(/02([507;1(,7703,8,4,2(252(8.077,2>(K1(
9;19708;O(hvwx(]o]>\aa([,-./.,2(402F/,:,4,2(403.07;1(,3,14;1,7(;(
[507;1(402F;?,4,2(40(252(8.077,2i(e&;-.2.=1O(`a\\fO(
vwx( 40( /,2( 95,/02( -J2( 40/( la|( -.U7,7;1( 40( /;2( 40F,78,-018;2( 40(
'18.;b5.,(V(&C;9=(eB0U.=1(\,fO('8/J18.9;O(I;/DA,7O(#5970O(&=74;3,(eB0P
U.=1(`,fO(6,U4,/01,O(&02,7O(R,(G5,?.7,(V(N;780(40(#,18,1407(eB0U.=1(o,f(
e&;-.2.=1O(`a\\f]o>(
K1(/;(b50(702F098,(,/(J70,(,[098,4,O(40/(8;8,/(40(/,2(^>^o_>\jl(C09P
8J70,2(70F;78,4,2(F;7(/,(&;-.2.=1(40(#0U5.-.018;(P01(/,(b50(1;(20(
.19/5V01(/;2(8077.8;7.;2(9;/098.A;2(40(.14DU01,2(V(,[7;9;/;-3.,1;2(1.(
/;2( F704.;2( 25F07.;702( ,( jk( C098J70,2PO( b50( 70F702018,( 0/( \l>]|( 40(
/,(25F07c9.0(,U7;F095,7.,(40/(F,D2(-J2(40(/,(-.8,4(e0/(l`>`l|(0b5.P
A,/0180(,(o>]^j>a^](C098J70,2f(9;7702F;1401(,(/,2(70[07.4,2(70U.;102(
e&;-.2.=1O(`a\\f>
R;(,1807.;7(9;.19.40(9;1(/;2(02854.;2(0[0985,4;2(F;7(0/(**$*O(40(
/;2(b50(20(402F70140(b50(0/(]a|(40/(8;8,/(40(/,(F;3/,9.=1(402F/,:,4,(
e\jjjP`aajf(9;7702F;140(,(F7;F.08,7.;2O(;95F,1802(V(F;2004;702(40(
F704.;2(01(/;2(40F,78,-018;2(40/(&,7.30O(&02,7(V(N;780(40(#,18,1407>(
#.(,(028;2(40F,78,-018;2(20(,U70U,1(608,(V('18.;b5.,(20(//0U,(,/(^k|(
40/(8;8,/(40(/,(F;3/,9.=1(402F/,:,4,(01(8;4;(0/(F,D2(e'99.=1(#;9.,/P
**$*O(`a\af>(K/(J70,(40(/;2(F704.;2(,3,14;1,4;2(5(;95F,4;2(./0U,/P
-0180(2;/,-0180(01(/,(&;28,(N;780(F5040(2;370F,2,7(/,2(`(-.//;102(
40(C098J70,2O(8;-,14;(9;-;(70[07019.,(0/(8;8,/(1,9.;1,/(40(F704.;2(
,3,14;1,4;2(01870(\jj](V(`a\a(20UW1(/;2(70U.287;2(40/(**$@(b50(,(
4.9.0-370(40(`a\a(.4018.c9,3,1(0/(,3,14;1;(V(402F;?;(40(-J2(40(_O](
-.//;102(40(C,2(e@KC)*9f>
(R,2(;87,2(70U.;102(40(/,($07907,(K195028,wO(2;1(/,(],(e&,59,O(N,7.T;O(*585-,V;O(
&,b508J(V(@.287.8;(40(I501,A01857,fu(/,(l,([email protected];(&,F.8,/(40(I;U;8JO(I;V,9JO(&,/4,2O(
&514.1,-,79,O(<5./,O(Z5.14D;O(B.2,7,/4,O($;/.-,O(#,18,1407(V(S,//0(40/(&,59,fO(V(/,(^,(
e'-,:;1,2O('7,59,O(&,2,1,70O(G5,.1D,O(G5,A.,70O(608,O(S,5FH2(V(S.9C,4,f>
]o
^](
0%.3!1+)'7
#.(20(-.7,(01([519.=1(40(/;2(ola(-./(F704.;2(,3,14;1,4;2(;(402P
F;?,4;2(01(8;4;(0/(F,D2O(20UW1(/;2(9J/95/;2(40/(**$*O(8,-3.H1(20(C,90(
0A.40180(/,(028709C,(70/,9.=1(01870(/,(0pF,12.=1(40(/,(&,2,(&,28,T;(V(
0/(4028.077;([;7:,4;>(K1(0[098;O(0/(`l|(40(/;2(F704.;2(20(53.9,1(01(
/;2(40F,78,-018;2(40(/,(9;28,(&,7.30O(&02,7(V(N;780(40(#,18,1407(V(
,/(.19/5.7(&C;9=O('18.;b5.,(V(608,(20(//0U,(,/(ka|(40/(8;8,/(e@KC)*9f>
K1(0/(-.2-;O(9;1(3,20(01(0/(B0U.287;(•1.9;(40($.077,2('3,14;P
1,4,2O(F;7(/;(-01;2(51,(807907,(F,780(40(/;2(\la(-51.9.F.;2(h-J2(
,[098,4;2( 01( [519.=1( 40( /,( 0p8012.=1( 40( 8.077,2( ,3,14;1,4,2i( e@KCW
)*9fO( 20( /;9,/.:,1( F709.2,-0180( 01( /;2( 40F,78,-018;2( 01( 0/( b50( 20(
0pF,14.07;1(V(9;12;/.4,7;1(/;2(3/;b502(40(/,2('&&"(;3?08;(40(0280(
4;95-018;O(V(40/(8;8,/(40(/,(25F07c9.0(70U.287,4,(9;-;(,3,14;1,4,(
01(0/(#%*Q@PB"*@(e]>o(-.//;102(40(C098J70,2fO(0/(]^|(9;7702F;140(
,(/;2(40F,78,-018;2(40('18.;b5.,O(I;/DA,7O(&02,7O(&=74;3,O(&C;9=O(
N;780( 40( #,18,1407O( #5970O( R,( G5,?.7,( V( '8/J18.9;( e'99.=1( #;9.,/P
**$*O(`a\af>(
@0(;87,(F,780O(0/(**$*(40('99.=1(#;9.,/(n,C;7,(40/(6'@Bn(20T,/,(
b50g(h01(0/(l`|(40(/;2(\la(-51.9.F.;2(-J2(,[098,4;2(F;7(0/(,3,14;1;(
V(402F;?;(40(8.077,2(ek_(-51.9.F.;2fO(0p.2801(8077.8;7.;2(9;/098.A;2(40(
.14DU01,2(V(,[7;9;/;-3.,1;2iO(02F09.,/-0180(01(/;2(9.8,4;2(40F,78,P
-018;2(e@KC)*9f>
K/( 4028.077;( ,40-J2( 40( 207( 51,( -,1.;37,( 40( A,9.,-.018;( 40( F;P
3/,9.;102(F,7,(9;12;/.4,7(8077.8;7.;2(V(9;7704;702(0287,8HU.9;2O(709;1P
b5.28,7(F,790/,2(,4?54.9,4,2(F;7(0/(K28,4;(V(,802;7,7(8.077,2O(8,-3.H1(
[50(51,(0287,80U.,(F,7,(,F7;F.,720(40(:;1,2(7.9,2(01(709572;2(1,857,P
/02O(Vq;(40(:;1,2(01(/,2(b50(20(F/,10,3,1(;(0?0958,3,1(F7;V098;2(40(
402,77;//;(V(40(25(F/52A,/D,>(
&.078,-0180O(01(/,2(70U.;102(01(b50(-J2(20(,5-018,7;1(/;2(D14.902(
40( 9;190187,9.=1( 20( F7;45?07;1( 9,-3.;2( 9;12.407,3/02( 01( /,2( [;7P
-,2(40(0pF/;8,9.=1(40(/,(8.077,(V(52;(40/(250/;>(K1(02F09.,/O(20(9,5P
2=( /,( 2528.859.=1( 40( 95/8.A;2( 87,12.8;7.;2]]( F7;F.;2( 40( /,( h09;1;-D,(
(K1(/,(h$07907,(K195028,wiO(20(70U.287,(b50(01(/,2(70U.;102(\,(V(`,(0p.28D,1(-,V;7(
1W-07;(40(C098J70,2(20-37,4,2(9;1(95/8.A;2(b50([507;1(,3,14;1,4,2(;(402F;?,4,2O(
`o>]|( V( \j>`|O( 702F098.A,-0180>( K1( /,( 70U.=1( o,( 07,( 0/( \^|( e&;-.2.=1( 40( #0U5.P
-.018;O(`a\\f>('2D-.2-;O(0/(^^O(kk(V(^_|(40(/;2(C;U,702(402F/,:,4;2(,3,14;1,7;1(
,1.-,/02O(01(/,2(70U.;102(\,O(`,(V(o,O(702F098.A,-0180(e&;-.2.=1(40(#0U5.-.018;O(`a\\f>
]]
^l
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
F,790/,7.,i(eE,?,74;O(`a\af(F;7(95/8.A;2(F07-,101802(e‚,/-,1;A.8:O(
`aa^fO( V( /,( ,4,F8,9.=1( F,7,( U7,1402( F7;V098;2( 40( 402,77;//;( eS07g(
@02F;?;(01(!.U5,-.,14;(V(&57A,7,4=(V(&C.A;/;g(402F;?;(01(:;1,2(
40(h!;7U0(]aif>('40-J2O(/,2(:;1,2(40(0pF;/.;(40(8.077,2(V(8077.8;7.;2(
9;.19.401(9;1(70U.;102(01(/,2(b50(20(0?0958,1(;(F/,10,1(U7,1402(F7;P
V098;2(40(402,77;//;O(01870(0//;2(40(0pF/;8,9.=1(-.107,(e[077;1Db50/(01(
&=74;3,O(9,73=1(01(R,(G5,?.7,(V(&02,7(V(;7;(01(I;/DA,7fu(,U7;.1452P
87.,(F,7,(;/0,U.1;2,2(V(,U7;(9;-3528.3/02(e"7,3JO(#5970O(R,(G5,?.7,O(
&02,7(V(N;780(40(#,18,1407fu(,U7;[;702807D,(e"7,3JO(6;1802(40(6,7D,(
n#5970(V(I;/DA,7n(V(&=74;3,fu(U,1,407D,(0p8012.A,(e"7,3JO(&=74;3,O(
#5970O(I;/DA,7(V(6,U4,/01,fO(V(9;1287599.=1(40(.1[7,028759857,(F;7P
85,7.,(e&C;9=O(R,(G5,?.7,(V(6,U4,/01,fO(A.,/(eB58,(40/(#;/fO(40(7.0U;(
V( 0107UD,( e70F702,2( "77J( 01( &=74;3,( V( B,19C07D,( 01( R,( G5,?.7,f( V(
F;/.4598;2(V(70c107D,2(eI;/DA,7f>(K1(,/U51,2(70U.;102O(0/(4028.077;(20(
70/,9.;1,(9;1(/,2(0pF098,8.A,2(40([5857;2(F7;V098;2O(9;-;(F;7(0?0-P
F/;O(/,(9;1287599.=1(40(/,(AD,(*,1,-07.9,1,(b50(9;1098,7J(,(&;/;-3.,(
9;1(*,1,-J(eS07g(@02F;?;(01(!.U5,-.,14;(V(&57A,7,4=f>(
'2D(F502O(01(/,2(70U.;102(01(b50(/;2(3/;b502(U028,4;2(F;7(/,(&,2,(
&,28,T;(C.9.07;1(F702019.,O(20(F702018,7;1(2.U1.c9,8.A;2(9,-3.;2(01(
/;2(52;2(40/(250/;O([,A;709.4;2(F;7(0/(,3,14;1;([;7:,4;(V(0/(0pF;P
/.;( 40( 807701;2( FW3/.9;2( e3,/4D;2f( V( F7.A,4;2O( 9;/098.A;2( e8077.8;7.;2(
H81.9;2fO(,2;9.,8.A;2(e01870(0//;2(/;2(01870U,4;2(F;7(0/(K28,4;(01(9;P
-W1(V(F7;.14.A.2;f(0(.14.A.45,/02O(9;1(0/(9;120950180(,5-018;(01(0/(
,802;7,-.018;(40(8.077,2(V(8077.8;7.;2(V(40(/;2(709572;2(1,857,/02(b50(
20(01950187,1(01(0//;2(F;7(F,780(40(-.0-37;2(40(/;2(U75F;2(F,7,-.P
/.8,702(V(252(,/.,4;2>('(/,(F,7(b50(20(,8077;7.:,3,(,(/;2(F;3/,4;702(40(
02,2(70U.;102(9;1(/,(F07F087,9.=1(40(-,2.A,2(V(2.280-J8.9,2(A.;/,9.;P
102(,(/;2(40709C;2(C5-,1;2(0(.1[7,99.;102(,/(@0709C;(%18071,9.;1,/(
<5-,1.8,7.;O(207A.4;702(FW3/.9;2([,9./.8,3,1(0/(0pF;/.;(V(25(/0U,/.:,P
9.=1>(!528,-0180O(/,(/0U,/.:,9.=1(40/(402F;?;(40(F704.;2(40(F,78.95/,P
702O(c29,/02O(3,/4D;2(40(/,(N,9.=1(V(F,7b502(1,9.;1,/02O(F;7(F,780(40(
,58;7.4,402(FW3/.9,2(e402F;?;(,4-.1.287,8.A;(V(?54.9.,/f(02(0/(F7.19.F,/(
C,//,:U;( 40( /,2( .1A028.U,9.;102( ,40/,18,4,2( F;7( /,( #5F07.18014019.,(
40(N;8,7.,4;(V(B0U.287;(e#NBf(01("7,3JO(6;1802(40(6,7D,O(608,(V(
K/(&,8,85-3;O(V(01(0/(*,7b50(N,9.;1,/(N,857,/($,V7;1,(e#NBO(`a\\O(
`a\\P,O(`a\\P3O(`a\\P9(V(`a\\P4f>(
^^(
0%.3!1+)'7
K1(028,2(70U.;102(02,(#5F07.18014019.,(C,(4;95-018,4;(,-F/.,P
-0180( /,2( -,1.;37,2( V( -;4,/.4,402( 0-F/0,4,2( F,7,( /,( ,F7;F.,9.=1(
./0UD8.-,(40(8.077,2(V(8077.8;7.;2(V(C,(.4018.c9,4;(,/U51;2(40(252(702P
F;12,3/02(4.7098;2(0(.14.7098;2(V(252(525[75985,7.;2O(V,(20,(40(-,107,(
2.-5/8J10,( 9;1( /,( 9;-.2.=1( 40( /,2( U7,A02( V( -,2.A,2( A.;/,9.;102( 40(
40709C;2(C5-,1;2(V(40/(40709C;(.18071,9.;1,/(C5-,1.8,7.;(n402F;?;(
-,807.,/n(eS07g(@02F;?;(01(!.U5,-.,14=(V(&57A,7,4=f(;(9;1(F;280P
7.;7.4,4(,/(4028.077;(V(,/(A,9.,-.018;(40(/;2(8077.8;7.;2(e402F;?;(,4-.P
1.287,8.A;(V(?54.9.,/f>(
K1(F,78.95/,7O(020(;7U,1.2-;(20(C,(70[07.4;(,(/;2(9;-F7,4;702(-,P
2.A;2(40(F704.;2(01(:;1,2(b50([507;1(0/(0F.90187;(40/(,99.;1,7(40(/,(
;7U,1.:,9.=1(97.-.1,/(40/(F,7,-./.8,7.2-;(n,/U51,2(40(/,2(95,/02(9;P
.19.401(9;1(/,2([;9,/.:,4,2(F,7,(/,(*;/D8.9,(N,9.;1,/(40(&;12;/.4,9.=1(
V(B09;1287599.=1($077.8;7.,/]l(V(9;1(/,2(-,97;(70U.;102(40(/,(*;/D8.9,(
40(B028.859.=1n(e#,/.1,2(„(;87;2O(`a\`fO(01870(/;2(95,/02(20(01950187,1(
/;2(./0U,/02(e-.0-37;2(,98.A;2(V(;7UJ1.9;2(40(/,2('"&f(V(/;2(/0U,/02(
eF072;1,2(1,857,/02(V(U75F;2(0-F702,7.,/02(b50(,40/,18,1(F7;V098;2(
40(402,77;//;(09;1=-.9;f>(@0187;(40(/;2(F7.-07;2O(20(-019.;1,1(,(
/;2(25F5028;2(8028,[077;2(;(40807-.1,4;702(40/(402F;?;(01(/,(70U.=1(
40/("7,3JO(01870(0//;2(,(Q8;1.0/(#0U514;(<;V;2(*H70:(V(,(<5-3078;(
'780C;78W,(#,/.1,2O(-.0-37;2(40/(IK&(eS07g(***(40(,/.,2(hK/('/0P
-J1if(V(,(#,/A,8;70(6,1952;(e#NBO(`a\\O(`a\\P,O(`a\\P3(V(`a\\P9f>(
K1870( /;2( 20U514;2O( 20( C,90( 70[07019.,( ,( 0-F702,7.;2( A.195/,4;2(
,/(F7;V098;(F,/-.95/8;7(40(S.90180(&,28,T;(01(0/("7,3J(V(,/(E;14;(
G,1,407;( 40( &=74;3,( eS07g( @02F;?;( 40( !.U5,-.,14=( V( &57A,7,4=(
V( ***( 40( ,/.,2( hK/( '/0-J1if>( K1( /,( 70U.=1( 40( 6;1802( 40( 6,7D,( 20(
4;95-018,(/,2(9;-F7,2(-,2.A,2(40(9079,(40(870.18,(-./(C098J70,2(F;7(
F,780(40(X/A,7;(%U1,9.;(K9C0A077D,(B,-D70:(V(40(25(0-F702,($.077,2(
40(*7;-.2.=1O(/;2(C07-,1;2('147H2(E0/.F0O(@,1.0/(V(B.9,74;('7,1U;(
I;807;(V('-,57.(B,[,0/(*.1.9C0O(,2D(9;-;(40(/,2(0-F702,2(B0[;7028,P
4;7,(40/(&,7.30(#>'>(V(&0-018;2('7U;2(#>'>(40/(G75F;(K-F702,7.,/(
'18.;b50T;( e70F702018,4,2( F;7( S,/018D1( E0407.9;( S.07,( E071J140:(
]l(K1(/,2(:;1,2(40(/,(*;/D8.9,(40(&;12;/.4,9.=1
^k
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
V( 6,7D,( %2,30/( K9C0A077V( &,7A,?,/O( 702F098.A,-0180fO( /,2( 2;9.04,P
402( ,1=1.-,2( 'U7;F095,7.,( &,7-01( 40( I;/DA,7( #>'>O( 'U7;F095,7.,(
K/(GH102.2(#>'>(e70F702018,4,2(F;7(6,150/(!;2H(604.1,(65T08=1fO(
&;12;79.;( 'U7;.145287.,/( 40/( N;780( #>'>O( 'U7;F095,7.,( 6;1802( 40(
6,7D,(#>'>O(6,7(@0($.U5,2(0(%1A07b5D-.9,(P(%1A02,(#>('>O(V(/,(E.45P
9.,7.,( E.459;7( #>( '>( e#NBO( `a\\P3f>( K1( /,2( .1A028.U,9.;102( 2;370( 0/(
[01=-01;(40(9;-F7,A018,2(-,2.A,2(01(028,(70U.=1(20(C,(40-;287,4;O(
,40-J2(40(A.;/,9.;102(,(/,(R0V('U7,7.,(V(,(/,2(-04.4,2(40(F7;8099.=1(
40(8.077,2O(0/(,F7;A09C,-.018;(40/(028,4;(40(10902.4,4(40(/;2(A0140P
4;702O(V,(20,(F;7(1;(9;18,7(9;1(/;2(709572;2(F,7,(F;107(,(F7;459.7(
/,2( 8.077,2( ,3,14;1,4,2( F;7( /,( [507:,( 457,180( A,7.;2( ,T;2( ;( F;7( 0/(
80-;7(40(F07407/,2(,180(/,(.1-.1019.,(40(F7;902;2(0?0958.A;2(V(70-,P
802(9;-;(9;12095019.,(40/(1;(F,U;(40(97H4.8;2(V(;87,2(;3/.U,9.;102O(
8,70,(019;-014,4,(,(/,(&0187,/(40(%1A072.;102(#>('>('/(702F098;O(2;1(
[709501802(/,2(401519.,2(40(b50(018.4,402(;F07,4;7,2(40/(9;37;(40(/,(
9,7807,([,9./.8,7;1(/,2(/.28,2(40(/;2(4054;702(,(/;2(.180702,4;2(01(,4b5.P
7.7(F704.;2(,(F709.;2(3,?;2]^>(
&;-;(9;-F7,4;702(-,2.A;2(40(-J2(40(;9C;(-./(C098J70,2(01(/,(
70U.=1(40(K/(&,8,85-3;(20(70U.287,1(,(/,2(9;-F,TD,2(&)*'G(V(K9;P
F,/-,O(01870(95V;2(2;9.;2(20(01950187,(/,([,-./.,(G58.H770:(*.T070:O(
/,2(2;9.04,402(40(702F;12,3./.4,4(/.-.8,4,(I.;,U7;.145287.,/(V(G,1,P
407D,(40(*5078;(B.9;(V(/,2(2;9.04,402(,1=1.-,2(%1A072.;102(*,/-,(40(
Q7.0180(V(*,/-07;2('c/.,4;2(40(&;/;-3.,(e#NBO(`a\\P4f>
R,(-,V;7(F,780(40(/,2(87,12,99.;102(0A.4019.,4,2(F;7(0/(0180(7098;7(
40(1;8,7.,4;(V(70U.287;O(,/U51,2(40(/,2(95,/02(2;1(;3?08;(40(.1A028.U,P
9.=1(V(,99.;102(F;7(F,780(40(/,(E.29,/D,(V(;87,2(.128,19.,2(028,8,/02O(C,1(
709,D4;( F7.19.F,/-0180( 01( F704.;2( ,4?54.9,4;2( F;7( 0/( K28,4;O( F020(
,(/,2(F7;C.3.9.;102(/0U,/02(40(,4b5.7.7(-J2(40(51,("1.4,4('U7D9;/,((
(S07g(K/($.0-F;O(h6.1,U7.95/857,(8.010(01(/,(-.7,(,(/;2(6;1802(40(6,7D,h(V(R,(#.//,(
S,9D,g(hR,2(8.077,2(40(/,(F;2U5077,iO(h'2D(20(9;190187=(/,(8.077,(01(6;1802(40(6,7D,i(V(
hs*,7,(b5.H1(20(402-.1,t(
]^
^_(
0%.3!1+)'7
E,-./.,7( 01( A.U019.,( 40( /,( R0V( \^a( 40( \jj]]kO( 0/.-.1,4,2( 01( /,( R0V(
\]la(40(`a\\]_O(V(01(8077.8;7.;2(H81.9;2(1;(;328,180(25(9,7J9807(9;12P
8.859.;1,/(40(1;(01,?01,3/02(e,78D95/;(^oO(&*f>(*07;O(40(.U5,/([;7-,O(20(
C,1(70,/.:,4;(4029;1;9.014;(/,(&;128.859.=1(V(/,2(/0V02O(2;370(3,/4D;2(
40(/,(N,9.=1O(9;-;(20(4;95-018,(01(0/(.1[;7-0(40(/,(9.8,4,(#5F07P
.18014019.,(2;370(/,(Qc9.1,(40(N;8,7.,4;(40(#,1(6,78D1]j>($,/(02(0/(
9,2;(40/(F704.;(R,2(*,/-07,2O(01(#,1(!5,1(40('7,-,O(608,O(,4b5.7.4;(
F;7(/,(0-F702,(*,/-,7(40(S.28,(<07-;2,(,(87,AH2(40/(01U/;3,-.01P
8;(40(4;2(807701;2(,4?54.9,4;2(F;7(0/(K28,4;(V(40(51(3,/4D;(e#NBO(
`a\\P9f>(*709.2,-0180O(2.85,9.;102(9;-;(028,(V(/,2(.4018.c9,4,2(01(0/(
*,7b50($,V7;1,(2;1(/,(7,:=1(F;7(/,(b50(02,(018.4,4(20(C,V,(70[07.4;(
,/(402F;?;(,/(K28,4;O(F;7(F,780(40(h3,14,2(?57D4.9,2i(02F09.,/.:,4,2(
01(357/,7(/,(/0Vla>(
'(/;(0pF5028;(20(25-,1(/,2(9;-F7,2(70,/.:,4,2(F;7(0-F702,2(0pP
87,1?07,2( 01( :;1,2( b50( [507;1( 3,28.;102( 40( /;2( F,7,-./.8,702( V( 252(
,/.,4;2O(b50(,40-J2(40(F;407(207(4029;1;904;7,2(40(/;2(40709C;2(40(
/,2(AD98.-,2(,U54.:,1(/,(9;190187,9.=1(40(/,(8.077,>(#.(3.01O(20(87,8,(40(
51,(80-J8.9,(709.0180O(0p.2801(9,2;2(4;95-018,4;2(F;7(9;1U702.28,2(V(
018.4,402(FW3/.9,2(01(/;2(b50(20(0A.4019.,(/,2(,4b5.2.9.;102(40/(G75P
F;(37,2./07;(6=1.9,(#0-.//,2(#>'>(V(40(/,(0-F702,(.8,/;P02F,T;/,(*;P
/.U7;Y(#>('>(01(*5078;(G,.8J1(V(6,F.7.FJ1O(40F,78,-018;(40/(608,O(,(
87,AH2(40(cU57,2(9;-;(/,(9;128.859.=1(40(A,7.,2(c/.,/02(F,7,(/,(9;-F7,(
40(-0?;7,2(V(40(25F07c9.02(b50(0p90401(/,("1.4,4('U7D9;/,(E,-./.,7O(V(
(K/(,78D95/;(k`(40(/,(R0V(\^a(40(\jj](F7;C.3D,(0pF702,-0180(,4b5.7.7(/,(F7;F.04,4(2;P
370(807701;2(.1.9.,/-0180(,4?54.9,4;2(9;-;(3,/4D;2O(95,14;(/,2(25F07c9.02(2;370F,2,1(
/;2(/D-.802(-Jp.-;2(40(/,("1.4,4('U7D9;/,(E,-./.,7O(V(,F;78,7(,(2;9.04,402(;(9;-51.P
4,402O(/,(F7;F.04,4(40(F704.;2(,4?54.9,4,2(9;-;(3,/4D;2O(2.(9;1(0//;2(4.9C,2(2;9.04,402(
;(9;-51.4,402(9;12;/.4,1(/,(F7;F.04,4(b50(0p904,1(/,("'E>
]_
( R,( R0V(b50(,F7;3=( 0/(*/,1( N,9.;1,/( 40(@02,77;//;( `a\a(n( `a\]( F07-.80(,4b5.7.7(
4.7098,-0180(F704.;2(,4?54.9,4;2(F;7(0/(K28,4;(b50(25F0701(4.0:("1.4,402('U7D9;/,2(
E,-./.,702(V(9;1(,58;7.:,9.=1(40(51,(&;-.2.=1(K2F09.,/O(40(/,(b50(C,90(F,780(0/(6.1.2P
807.;(40('U7.95/857,O(01(0p8012.;102(25F07.;702>
]j
(R,(F7;F.04,4(40(/;2(3,/4D;2(,4?54.9,3/02(2;/,-0180(20(,4b5.070(-04.,180(8D85/;(87,2P
/,8.9.;(40(4;-.1.;(;8;7U,4;(F;7(0/(%N&Q@KB(01(807701;2(b50(1;(25F0701(/,("'E>
la
(40!<.C%g(hK/(-,V;7(402F;?,4;(02(0/(G;3.071;(N,9.;1,/i>
]k
^j
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
/,(F;2.3/0(,4b5.2.9.=1(40(3,/4D;2(2.1(,4?54.9,7O(9;1(0/(c1(40(.-F/,18,7(
F7;V098;2(,U7;.145287.,/02(40(2;V,(V(F,/-,O(702F098.A,-0180>(#.-./,7(
2.85,9.=1(20(F702018,(01(/,(C,9.014,(I0//,975:O(/;9,/.:,4,(01(0/(257(40/(
40F,78,-018;(40/(&02,7O(01(/,(b50(0/(402F/,:,-.018;(2,1U7.018;(40(/;2(
8.85/,702(40(40709C;2(2;370(F704.;2(b50(C,901(F,780(40(02,(C,9.014,O(
01(\jj^O(4.;(/5U,7(,(/,(9;1401,(40(51;(40(/;2(-.0-37;2(40(/,([,-./.,(
6,75/,14,O(&,7/;2('7857;(6,75/,14,O(0p(0-3,?,4;7>(B09.0180-0180O(
/,( 0-F702,( @;/90( S.28,( %19O( 9;1( 2;9.;2( 9;/;-3.,1;2( V( 0p87,1?07;2(
e<,9.014,(/,(E/;702(V(G75F;(#V107UVO(019,30:,4;2(F;7(/;2(0-F702,P
7.;2(&,7/;2(657U,2O(0p(-.1.287;(40(,U7.95/857,(01(/,(,4-.1.287,9.=1(40(
'147H2(*,287,1,('7,1U;O([514,4;7(40(/,(E0407,9.=1(N,9.;1,/(40(&5/P
8.A,4;702(40(*,/-,(V(9;1;9.4;(9;-;(0/(h+,7(40(/,(*,/-,i(V(G07-J1(
K[7;-;A.9CO(3;/.A.,1;P37,2./07;O(F7;F.08,7.;(40('A.,19,O(01870(;87;2(
10U;9.;2( 01( &;/;-3.,fO( ,4b5.7.=( 0/( 807701;( 401;-.1,4;( R,( G/;7.,(
b50(C,9D,(F,780(40/(9.8,4;(.1-503/0(F,7,(/,(2.0-37,(40(F,/-,l\>(
(
LKMK*;.%(-%,"$(&)%*7-*/$*,&-""$*A*`(.%,"$""-6."=$*$#"$"&$a
$7,4.9.;1,/-0180(&;/;-3.,(02(51;(40(/;2(F,D202(9;1(-,V;702(D1P
4.902(40(9;190187,9.=1(40(/,(8.077,(,(1.A0/(-514.,/>(*709.2,-0180O(/;2(
40F,78,-018;2(40/(1;780(40/(F,D2(;3?08;(40(0280(02854.;O(20(C,1(9,7,9P
807.:,4;(F;7(/,(87,4.9.;1,/(0p.28019.,(40(U7,1402(0p8012.;102(40(8.077,2(
01(-,1;2(40(F0b50T,2(V(F;407;2,2(H/.802(70U.;1,/02(n/,8.[514.28,2n(V(
40(51,(U7,1(-,2,(9,-F02.1,(,77014,8,7.,(V(?;71,/07,(n9,-F02.1,4;(
2.1(8.077,2n(;(-.97;[514.28,>(K28,(3.F;/,7.4,4(C,(2.4;(/,(9,52,(40(/,2(
9;128,1802( /59C,2( 40( -;A.-.018;2( 2;9.,/02( ,U7,7.;2( 70.A.14.9,8;7.;2(
40(/,(4.287.359.=1(0b5.8,8.A,(40(/,(801019.,(40(/,(8.077,O(40240(/;2(,T;2(
870.18,( eR0V( `aa( 40( \jo^fl`O( F,2,14;( F;7( /,( 4H9,4,( 40( /;2( 202018,O(
208018,(V(;9C018,(40/(2.U/;(F,2,4;O(40(51,(F,780O(V(40(/,(401;-.1,4,(
h9;187,770[;7-,(,U7,7.,iO(40(/,(;87,>(
(B*').):K#*'&.Q-(9O(h$.077,(F7;-08.4,(01(R,(I0//,975:i>
(K28,(/0V(257U0(40(/,(2018019.,(40(/,(&;780(#5F70-,(40(!528.9.,O(40(,37./(40(\j`^O(01(
/,(b50(0p.U.=(/,(F702018,9.=1(40(/;2(8D85/;2(;7.U.1,7.;2(F,7,(,9704.8,7(/,(F7;F.04,4(40(/,(
8.077,O(//,-,4,(/,(hF7503,(4.,3=/.9,iO(V(40/(,98;(/0U.2/,8.A;(N;>(\€(40(\jo^(b50(9;12,U7,(
/,([519.=1(2;9.,/(40(/,(F7;F.04,4(eS07g(6,9C,4;O('>O(`aaj(V(&NBBPG6<O(`a\aP,f>
l\
l`
ka(
0%.3!1+)'7
K1( 0/( F07D;4;( 9;-F7014.4;( 01870( 0/( ,T;( `aaa( V( `aajO( 0/( D14.90(
G%N%(1,9.;1,/(b50(70d0?,(/,(801019.,(40(/,(8.077,(20(.1970-018=(01(
51(`>l|O(F,78.95/,7-0180(,(F,78.7(40/(,T;(`aal(n01(0/(b50(20(0pF.4.=(
0/(-,79;(1;7-,8.A;(40(!528.9.,(V(*,:n(01(0/(lk|(40(/;2(-51.9.F.;2(
40/(F,D2(e%3JT0:(V(65T;:O(`aajf>(#.(3.01(4030(709;1;90720(b50(/;2(
[,98;702(40(0280([01=-01;(F50401(207(-5V(4.A072;2O(/;(9.078;(02(b50(
01(/,(F7.-07,(08,F,(40/(F07.;4;(01(b50(/,(9;190187,9.=1(20(,U54.:=(
e`aaaP`aalfO(/;2( U75F;2( U028,4;2( V( ,U75F,4;2( F;7( /,( &,2,( &,28,T;(
70F;78,7;1(25(-,V;7(9709.-.018;(V(0pF,12.=1(e-,F,(N;>(\`f>('(F,78.7(
40(020(W/8.-;(,T;O(b50(9;.19.40(9;1(/,(0pF04.9.=1(40(/,(R0V(40(!528.9.,(
V(*,:O(20(C,1(0A.4019.,4;(/;2([01=-01;2(40(9;-F7,2(-,2.A,2(40(8.0P
77,2(,9;-F,T,4,2(40(-W/8.F/02(F7J98.9,2([7,545/018,2O(01(/,2(70U.;102(
402C,3.8,4,2(F;7(0/(,99.;1,7(F,7,-./.8,7(e6;1802(40(6,7D,O(0/("7,3JO(
K/(&,8,85-3;(V(01(0/(257(V(90187;(40/(40F,78,-018;(40/(608,fO(,(/;2(
b50(20(C.:;(70[07019.,(,1802O(,(87,AH2(40(/;2(95,/02(20(C,(.1970-018,4;(
/,(9;190187,9.=1(40(/,(F7;F.04,4(87,4.9.;1,/(V(0-07U0180(V(40/(52;(40(
/,2(8.077,2>
/%.%'*)5'675(G0;770[07019.,9.=1(V(9;190187,9.=1(
40(/,(8.077,(`aaaP`aaj
Fuentes: FGN, 2010-b e Ibáñez, A y Muñoz, 2009.
k\
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
R;(,1807.;7(U5,74,(70/,9.=1(9;1(/;2(C,//,:U;2(40(/,(&;-.2.=1(40(#0P
U5.-.018;g(40(/,2(^>^(-.//;102(40(C098J70,2(F074.4,2(;(,3,14;1,4,2O(
0/(kj>o|(9;7702F;1401(,/(F07.;4;(\jj_P`aa_O(0/(7028;(20(4.287.35V0(
01(0/(F07.;4;(\j_aP\jjkO(0/(\l>]O(01870(`aaj(V(?51.;(40(`a\aO(0/(l>]|(
e&;-.2.=1O(`a\\f>
#&91#/%'*)5'85('3,14;1;(V(402F;?;(40(8.077,2
1980 - 1997
1998 - 2008
2009 - junio
2010
Total entre 1980 y junio de 2010: 6.638 195 hectáreas.
Fuente: (Ibidem).
K280(W/8.-;(4,8;(40-50287,(b50(9;1(/,2(402-;A./.:,9.;102(V(0/(F7;P
902;( 40( !528.9.,( V( *,:( 1;( 2=/;( 1;( 20( 402-,180/,7;1( /,2( 028759857,2(
F,7,-./.8,702O(2.1;(b50(402F/0U,7;1(252(9,F,9.4,402(40(,4,F8,3./.4,4(
V(702./.019.,(F,7,(9;18.15,7(;F07,14;(01(A,28,2(70U.;102(40/(F,D2>(R;2(
h150A;2i(U75F;2(,7-,4;2(9;1[;7-,4;2(F;7(F,7,-./.8,702(402-;A./.P
:,4;2(V(1;(402-;A./.:,4;2O(0(.180U7,1802(40(/,2(-,c,2(40/(1,79;87JcP
9;O(b50(01(,/U51,2(:;1,2(40/(F,D2(20(C,1(,/.,4;(,(/,2(U5077.//,2O(401;P
-.1,4;2(05[0-D28.9,-0180(F;7(0/(G;3.071;(N,9.;1,/(9;-;(hI,14,2(
&7.-.1,/02i( eI'&B%6fO( 8,/02( 9;-;( hR,2( XU5./,2( N0U7,2iO( hR;2(
B,287;?;2iO(hK/(K?H79.8;(B0A;/59.;1,7.;('18.9;-51.28,(40(&;/;-3.,(
eKB*'&fi(V(hR;2("7,30T;2iO(01870(;87,2O(9;18.1W,1(9;-08.014;(A.;P
/,9.;102(,(40709C;2(C5-,1;2(V(2;1(9,52,1802(40(150A;2(4028.077;2(V(
40(/,2(,-01,:,2(V(,202.1,8;2(40(/;2(709/,-,1802(40(8077.8;7.;2(V(8.077,2>(
R,( 0p.28019.,( V( F072.28019.,( 40( 4.9C;2( U75F;2O( ,2D( 9;-;( /,( 9;1[;7P
-,9.=1(40(;87;2(b50(20(,58;401;-.1,1(h0?H79.8;2(,18.(7028.859.=1(40(
8.077,2iO(02(b5.:J2(0/(-,V;7(;328J95/;(,/(9;-F7;-.2;(40/(F702.40180(
#,18;2(40(7028.85.7(/,2(8.077,2(,(/;2(402F;20D4;2(01(0/(-,79;(40(/,(R0V(
40(SD98.-,2(eR0V(\]]_(40(`a\\f>(
k`(
0%.3!1+)'7
@0(;87,(F,780O(hvwx(/,(028709C,(,2;9.,9.=1(01870(0/(,802;7,-.018;(40(
/,(8.077,(V(0/(402F/,:,-.018;([;7:,4;i(e#,/.1,2O(`a\afO(20(70d0?,(01(b50(
01(0/(F07D;4;(`aaaP`aajO(/;2(F704.;2(40(-J2(40(b5.1.018,2(C098J70,2(
b50(A0.180(,T;2(,1802(;95F,3,1(0/(o`|(40(/,(8.077,(W8./O(20(0p8014.0P
7;1(,/(^`|(V(20(01950187,(01(-,1;2(1;(-J2(40/(]|(40(F7;F.08,7.;2(
e%3JT0:O(`aajfO(9;190187,9.=1(b50(20(4.;(,(/,(F,7(40(b50(51;(40(9,4,(
95,87;(9,-F02.1;2([507,(0pF5/2,4;(40(252(8.077,2(;(8077.8;7.;2>(
K1( 8H7-.1;2( 40( /,( "1.4,4( 'U7D9;/,( E,-./.,7( e"'EfO( 0/( ,9,F,7,P
-.018;(40(8.077,2(8,-3.H1(02(0A.40180g(
vwx(F,7,(`aaj(20(;3207A,(b50(-.0187,2(0/(\a>l|(40/(8;8,/(40(C098J70,2(
028J1( 01( /,( 9,80U;7D,( 40( -.97;[514.;( V( 9;7702F;1401( ,/( _a>l|( 40( /;2(
F704.;2(V(,/(k_>o|(40(/;2(8.85/,702(40(40709C;2O(0/(l`>`|(40(C098J70,2(
028J1(01(/,(U7,1(F7;F.04,4(9;1(aOj|(40(/;2(F704.;2(V(\>\|(40(/;2(F7;P
F.08,7.;2qF;2004;702(e'99.=1(#;9.,/P**$*O(`a\af>
@0( 028,( [;7-,O( /;2( .19.F.01802( /;U7;2( 40( /,2( [75287,4,2( 70[;7-,2(
,U7,7.,2loO( [507;1( ;3?08;( 40( 51,( -($&'.''*G('9.! .A'.'#.( -04.,4,( F;7(
U7,A02( A.;/,9.;102( 40( 40709C;2( C5-,1;2( 40( 9,-F02.1;2O( .14DU01,2(
V(,[7;4029014.01802(F07F087,4,2(F;7(/;2(U75F;2(F,7,-./.8,702O(9;1(0/(
,F;V;(40(,U01802(/0U,/02(FW3/.9;2(V(F7.A,4;2l]>(K280(9;180p8;(1,9.;P
1,/( 20( C,90( 0A.40180( 01( /,2( 70U.;102( 20/099.;1,4,2( F,7,( 0280( 80p8;O(
( R0V( \ol( 40( \j^\( e970,( 0/( %128.858;( &;/;-3.,1;( 40( B0[;7-,( 'U7,7.,( V( 402,77;//;(
B57,/O(%N&QB'O(V(R0V(\^a(40(\jj]O(b50(8.010(9;-;(;3?08.A;(F7.19.F,/O(01(0/(-,79;(40(
/,(&;128.859.=1(40(\jj\O(U,7,18.:,7(0/(,9902;(,(/,(F7;F.04,4(40(/,(8.077,(,(/;2(2098;702(
-J2(A5/107,3/02(40/(9,-F;O(01870(0//;2(/;2(9,-F02.1;2O(/;2(U75F;2(H81.9;2(V(/,2(-5?0702(
VO(F;7(0140O(,(4.2-.15.7(/,(402.U5,/4,4(V(0A.8,7(/,(9;190187,9.=1(40(/,(F7;F.04,4(40(/,(
8.077,(e,78D95/;2(k€O(l_O(^\(,(^oO(&>(*>O(01870(;87;2f>
l]
(R,(9;187,770[;7-,(,U7,7.,(C,(2.4;(,-F/.,-0180(4;95-018,4,(F;7(0/(G75F;(40(60P
-;7.,(<.28=7.9,(01(A,7.;2(40(252(.1[;7-02O(01870(0//;2O(X.!P#*''.!*$!1#%8,&.>("*9('#.%!)*0!
)*%8(L(!/!'*%#%&*$-#.%!*$!0.!-(%&.!7.'#K*O(,2D(9;-;(F;7(/;2(C,//,:U;2(V(401519.,2(40(;7U,1.P
:,9.;102(40(40709C;2(C5-,1;2(V(40(AD98.-,2O(40(;7U,1.2-;2(.18071,9.;1,/02(9;-;(0/(
*7;U7,-,(40(N,9.;102("1.4,2(F,7,(0/(@02,77;//;O(/,2(.128,19.,2(40/(F7;902;(40(/,(R0V(
jkl(40(`aal(e"1.4,4(40(!528.9.,(V(*,:(40(/,(E.29,/D,O($7.351,/02(40(!528.9.,(V(*,:O(&;780(
#5F70-,(40(!528.9.,(V(/,2(0p8.18,2(&;-.2.=1(N,9.;1,/(40(B0F,7,9.=1(V(B09;19./.,9.=1(
V(&;-.2.;102(B0U.;1,/02(40(B028.859.=1(40(I.0102f(V(F;7(018.4,402(028,8,/02(9;-;(/,(
&;780(&;128.859.;1,/O(0/( *7;V098;(40( *7;8099.=1(40( $.077,2( V( *,87.-;1.;( 40( '99.=1(
#;9.,/(V(/,(#5F07.18014019.,(40(N;8,7.,4;(V(B0U.287;>
lo
ko
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
F7.19.F,/-0180(01(/;2(40F,78,-018;2(40(&=74;3,(V(#5970O(01(4;140(
20( 8.85/,7;1( V( ,4?54.9,7;1( 8.077,2( 01( U7,1( F,780( 9;-;( 0[098;( 40( /,2(
/59C,2( 9,-F02.1,2( 01( /;2( ,T;2( 202018,O( 208018,( V( ;9C018,( 40/( 2.U/;(
F,2,4;(eS07g(&NBBPG6<O(`a\aP,f>(K1(4.9C;2(40F,78,-018;2(9;-;(
01(;87,2(70U.;102(40/(F,D2O(/,(-($&'.''*G('9.!.A'.'#.(20(4.;(,(87,AH2(40(/,(
[507:,(V(0/(4028.077;(V(402-,180/,-.018;(40(A0704,2(V(9;770U.-.018;2(
ehF503/;2([,18,2-,2ifll>(650287,(40(0//;(02(b50(01(/;2(-51.9.F.;2(40(
/,(70U.=1(40/("7,3J(9079,(40(]oa(-./(C098J70,2([507;1(,3,14;1,4,2(
[;7:;2,-0180O(40(/,2(95,/02(9,2.(0/(4.0:(F;7(9.018;([507;1(;3?08;(40(
402F;?;(,4-.1.287,8.A;(V(?54.9.,/(20UW1(/;2(.1[;7-02(40(/,(#5F07.1801P
4019.,(40(N;8,7.,4;(V(B0U.287;>(
@0(028,(-,107,(20(028759857=(51(F,87=1(97.-.1,/(40(402F;?;(01(0/(
b50( 9;1d5V07;1( /;2( 0/0-018;2( b50( 9,7,9807.:,1( /;2( 20.2( 9,2;2( b50(
20( 40297.301( -J2( ,40/,180O( V( F,7,( 95V,( /0U,/.:,9.=1( 20( 402F/0U,7;1(
2;c28.9,4,2(0287,80U.,2(9;-;(/,2(9;-F7,2([;7:,4,2(V([7,545/018,2O(/,(
70A072.=1( 40( ,4?54.9,9.;102( 40( F,790/,2( 40/( %N&QB'q%N&Q@KBO(
/,(,F7;F.,9.=1(./0U,/(0(./0UD8.-,(40(3,/4D;2(V(8077.8;7.;2(H81.9;2O(V(/,2(
9;-F7,2(-,2.A,2(9;1(0/(9;19572;(V(/,(9;-F/.9.4,4(40(207A.4;702(FWP
3/.9;2O(F020(,(9;187,7.,7(/,2(/0V02(01(-,807.,(40(/;2(40709C;2(40(F7;P
F.04,4(V(F;202.=1>(
K20( F,87=1( V( /,2( 0287,80U.,2( 40( 402F;202.=1( 40( /,2( 8.077,2( 40( /;2(
F;3/,4;702(40/(9,-F;O(702F;14D,1(,(/;2(F7;F=2.8;2(40/(,F7;F.,720(40/(
3;8D1(40(8.077,2(,3,14;1,4,2(V(402F;?,4,2(F;7(/,([507:,(V(/,(A.;/01P
9.,O(V(40(25(/0U,/.:,9.=1(F;7(F,780(40(/,(0-F702,(97.-.1,/(01U0147,4,(
F;7(/,(&,2,(&,28,T;O(01(/,(b50(0/(,802;7,-.018;(40(8.077,2O(8077.8;7.;2O(
709572;2(1,857,/02(V(;87;2(10U;9.;2(1;(F5040(,.2/,720(40/(9;-08.4;(
40/.98.A;(40(70[514,7(0/(K28,4;(0(.-F;107(51(150A;(;7401(2;9.,/O(95/P
857,/O(09;1=-.9;(V(F;/D8.9;O(01(F7;A09C;(40(252(-.0-37;2(,98.A;2(V(
40(252(,/.,4;2O(0/(b50(,40-J2(40(207([50180(40(.1U702;2(F07-.8D,(/,A,7(
/,2(U,1,19.,2(;3801.4,2(40(,98.A.4,402(./D9.8,2>
(K/($.0-F;g(h]`(F503/;2([,18,2-,2iO(20F8.0-370(oa(40(`aa\(V('&N"BO(hR;2(F50P
3/;2([,18,2-,2(01(&;/;-3.,i>
ll
k](
0%.3!1+)'7
LKNK*>-1,&,:(&)%*7-*,&-""$1*A*,-""&,."&.1(
K1( 702F5028,( ,( /,( .-F07.;2,( ;3/.U,9.=1( 40( 70A072,7( V( 70F,7,7( /,2(
U7,A02O(-,2.A,2(V(2.280-J8.9,2(40(/;2(40709C;2(,(/,(F7;F.04,4(V(F;P
202.=1(40(/,2(AD98.-,2(V(01(0/(-,79;(40(/,2(;740102(40(/,(&;780(01(/,(
#018019.,($(a`l(40(`aa](V(252('58;2(40(#0U5.-.018;O(0/(U;3.071;(40(
!5,1(6,150/(#,18;2(e`a\aP`a\]f(40c1.=(/,(7028.859.=1(40(8.077,2(V(80P
77.8;7.;2(9;/098.A;2(40(/;2(U75F;2(H81.9;2(9;-;(51,(40(252(F7.19.F,/02(
3,1407,2(01(/,(3W2b504,(40(/,(51.4,4(1,9.;1,/>(*,7,(0//;(.-F5/2=(/,(
0pF04.9.=1(40(/,(R0V(40(SD98.-,2O(01(/,(b50(20(970=(51,(h?57.24.99.=1(
02F09.,/i(b50(d0p.3./.:,(/;2(F7;904.-.018;2(/0U,/02(A.U01802l^>(
*,7,/0/,-0180O(01(0/(*/,1(N,9.;1,/(40(@02,77;//;(`a\aP`a\](h*7;2P
F07.4,4(F,7,(8;4;2i(eR0V(\]la(40(`a\\fO(20(.19;7F;7,1(0287,80U.,2(V(
,99.;102(F,7,(/,(*;/D8.9,(40('8019.=1(V(B0F,7,9.=1(,(/,2(SD98.-,2(40/(
@0/.8;( 40( @02F/,:,-.018;O( 01870( 0//,2( /,2( 70/,9.;1,4,2( 9;1( /,( 7028.P
859.=1(40(/,2(8.077,2(V(8077.8;7.;2O(V(20(40c101(/,2(9.19;(/;9;-;8;7,2(
40/(9709.-.018;(09;1=-.9,(e,U7;O(-.107D,O(.1[7,028759857,O(A.A.014,(0((
(.f(K/(B09;1;9.-.018;(40(/,(9,/.4,4(40(AD98.-,2(,(/,2(F072;1,2(4028077,4,2(V(F7.A,4,2(
40(252(40709C;2(F,87.-;1.,/02O(,[098,4;2(01870(0/(\(40(0107;(40(\jj\(V(0/(8H7-.1;(40(A.P
U019.,(40(/,(/0V(e\a(,T;2fO(/;(b50(9;128.85V0(51(87,8;(4.297.-.1,8;7.;([70180(,(/,2(40-J2(
AD98.-,2(,(/,2(b50(20(/02(709;1;90(25(40709C;(,(/,(70F,7,9.=1(,(F,78.7(40/(\…(0107;(40(
\j_l(e,78D95/;2(o(V(k^fu(..f(R,(970,9.=1(40(51(-,79;(40(?528.9.,(401;-.1,4,(87,12.9.;1,/(
b50(9;-F70140(hF7;902;2(V(-09,1.2-;2(?54.9.,/02(;(0p87,?54.9.,/02i(,(9,7U;(40(.12P
8,19.,2(,4-.1.287,8.A,2(P(/,("1.4,4('4-.1.287,8.A,(K2F09.,/(40(G028.=1(40(B028.859.=1(
40($.077,2(@02F;?,4,2(e"'KGB$@fO(V(252(40F014019.,2(70U.;1,/02P(V(?54.9.,/(P?50902(
V(-,U.287,4;2P(9;1(/,([519.=1(40(028,3/0907(/;2(40709C;2(40(/,2(AD98.-,2O(,2D(9;-;(/,(
3501,([0(40(/;2(;F;2.8;702u(...f(R,2(,99.;102(02F09Dc9,2(F,7,(/,(7028.859.=1(;7401,4,2(
F;7(0/(-,U.287,4;(;(/;2(?50902(e7028.859.=1(?57D4.9,(V(-,807.,/(40/(.1-503/0u(9;-F012,P
9.=1(01(02F09.0(9;1(51(F704.;(0b5.A,/0180(;(4.107,7.,(95,14;(/,(7028.859.=1(?57D4.9,(V(
-,807.,/(20,(.-F;2.3/0(;(95,14;(0/(402F;?,4;(1;(F504,(708;71,7(,/(-.2-;O(V(0/(F,U;(40(
9;-F012,9.;102(,([,A;7(40/(;F;2.8;7(b50(;95F,(0/(F704.;(b50(20(40-502870(25(3501,(
[0(0p018,(40(95/F,u(.Af(R,2(F702519.;102(40(40709C;(V(/0U,/02O(01870(0//,2(/,(,52019.,(
40(9;12018.-.018;(;(9,52,(./D9.8,O(/,(.10p.28019.,(40(/,(F;202.=1O(/,(./0U,/.4,4(40(,98;2(
,4-.1.287,8.A;2(b50(/0U,/.:,1(0/(402F;?;O(V(/,(A.;/,9.=1(40/(40709C;(,/(403.4;(F7;902;(
01(409.2.;102(?54.9.,/02O(,2D(9;-;(/,(.1A072.=1(40(/,(9,7U,(40(/,(F7503,(,([,A;7(40(/,2(
AD98.-,2u(Af(R,(1;(.180775F9.=1(40(/;2(F/,:;2(40(F70297.F9.=1(V(8.85/,9.=1(40(3,/4D;2(F;7(
9,52,(40/(402F/,:,-.018;O(V(A.f(R,(.-F/0-018,9.=1O(-0?;7,-.018;(0(.1807;F07,3./.4,4(
40(/;2(2.280-,2(40(.1[;7-,9.=1(01(8;71;(,/(B0U.287;(40($.077,2(@02F;?,4,2(,(9,7U;(40(
/,("'KGB$@>
l^
kl
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
.11;A,9.=1f>(*,7,(/,(F7.-07,O(0/(6.1.2807.;(40('U7.95/857,(V(@02,77;P
//;(B57,/(028J([;7-5/,14;(0/(F7;V098;(40(/0V(b50(F702018,7J(,/(&;1P
U702;(40(/,(B0FW3/.9,O(01(0/(b50(20(9;180-F/,(0/(40709C;(40(25F07c9.0(
V( /,( 9;1[;7-,9.=1( 40( :;1,2( 40( 402,77;//;( 0-F702,7.,/( V( 0/( ,F;V;( ,(
F7;V098;2(,U7;.145287.,/02(01(8.077,2(40/(K28,4;(V(01(25F07c9.02(b50(
25F0701(/,("1.4,4('U7D9;/,(E,-./.,7O(,([,A;7(40(9;1U/;-07,4;2(.180P
U7,4;2( A078.9,/( V( C;7.:;18,/-0180( b50( 402,77;//01( F7;V098;2( ,( U7,1(
029,/,lkO(01(/;2(b50(20(A.195/,1(,(/;2(F0b50T;2(F7;4598;702O(AD98.-,2(
;(1;O(,(87,AH2(40(,/.,1:,2>(
K28,2( .1.9.,8.A,2( /0U.2/,8.A,2( 9;128.85V01O( 01( 9;1?518;O( 51( ,A,190(
2.U1.c9,8.A;(702F098;(,(/,2(F7;3/0-J8.9,2(40(4028.077;(e402F;?;O(,3,1P
4;1;(V(9;190187,9.=1(40(8.077,2(V(40(25(52;(40297.8,2(,1807.;7-0180fO(
F502(4,1(95018,(40(51,(A;/518,4(F;/D8.9,(.180702,4,(01(95-F/.7(9;1(
0/(40307(028,8,/(40(70F,7,7(,(/,2(AD98.-,2(V(40(9077,7(/,(3709C,(01870(/;(
573,1;(V(/;(757,/>(*07;O(.U5,/-0180O(F/,180,1(U7,1402(402,[D;2(V(7.02P
U;2O(01870(0//;2O(/;2(9,-3.;2(01(/,(801019.,(V(01(0/(52;(40(/,2(8.077,2(01(
/,2(70U.;102(01(b50(20(.-F/,18=(0/(7HU.-01(40/(8077;7(40(/,(0-F702,(
97.-.1,/O(,(87,AH2(40(/,(F5028,(01(-,79C,(40(.1.9.,8.A,2(09;1=-.9,2(01(
/,2(b50(20(A.195/,7;1(0-F702,7.;2(V(207A.4;702(FW3/.9;2(-.0-37;2(;(
,/.,4;2(40(/,(9,52,(97.-.1,/(40/(F,7,-./.8,7.2-;(V(;87;2(9;1(c102(40(
/597;(V(3010c9.;(F7;F.;>
E70180(,(02,(70,/.4,4(02(40(02F07,720(b50(51(U7,1(F;79018,?0(40(/;2(
150A;2(;95F,1802(40(F704.;2(,3,14;1,4;2([;7:,4,-0180(01(/;2(b50(
20( ,40/,18,1( F7;V098;2( ,U7;.145287.,/02O( [;7028,/02( V( -.107;2O( 01870(
;87;2( PA,7.;2( 40( 0//;2( ,2;9.,4;2( ,( /;2( *7;V098;2( *7;4598.A;2( F;7( /,(
*,:(b50(20(40297.301(-J2(,40/,180PO(.18018,7J1(3010c9.,720(40(cU57,2(
9;-;(0/(/0A,18,-.018;(40(/,(F7;C.3.9.=1(40(,4b5.7.7(-J2(40(51,("1.P
4,4('U7D9;/,(E,-./.,7O(/;2(9;187,8;2(40(52;(40(/,(R0V(40(SD98.-,2l_(V(
(@0(/,7U;(F/,:;O(9;-;(/,(F,/-,(V(/;2([;7028,/02(V(20-.F07-,101802(9;-;(/,(2;V,(V(0/(
-,D:>
l_( 604.,180( 028;2( 9;187,8;2( 0/( ;95F,180( b50( 402,77;//0( hF7;V098;2( ,U7;.145287.,/02(
F7;4598.A;2i( 01( 0/( F704.;( b50( 709/,-,( /,( AD98.-,( F;47J( 9;18.15,7( ,F7;A09CJ14;/;(
2.0-F70(b50(40-502870(25(3501,([0(0p018,(40(95/F,>(K1(9,2;(9;187,7.;O(H280(207J(01870P
U,4;(F;7(/,("1.4,4(40(B028.859.=1(,(51(807907;(F,7,(b50(2.U,(402,77;//,14;(0/(F7;V098;(
,(9,-3.;(40(b50(/0(01870U50(/;(F7;459.4;(9;1(0/(c1(40(4028.1,7/;(,(F7;U7,-,2(40(70F,P
7,9.=1(9;/098.A,(e'78D95/;(jj(40(/,(R0V(\]]_(40(`a\\f>
lk
k^(
0%.3!1+)'7
0/(40709C;(40(25F07c9.0lj(V(0/(A50/;([;7028,/O(F,7,(A,/.4,7(V(/0U,/.:,7(
25(;95F,9.=1>(*,7,(0//;O(,/U51;2(,/0U,7J1(/,(3501,([0(V(;87;2O(F7;3,P
3/0-0180O(,954.07,1(,/(52;(40(/,([507:,(V(/,(A.;/019.,(;(40(F7J98.9,2(
[7,545/018,2(F,7,(.-F04.7(/,(7028.859.=1(;(F,7,(028,3/0907(,/.,1:,2(9;1(
/,2(AD98.-,2(2.1(U,7,18.:,7(/,(2.-087D,(01870(/,2(F,7802(V(/,(0b5.8,8.A,(
4.287.359.=1(40(252(7014.-.018;2^a>(
*;7( 25( F,780O( ,( /;2( 9;-F7,4;702( -,2.A;2( 40( 8.077,2( ,( /;2( b50( 20(
,/54.=( ,1807.;7-0180O( 8.0101( /,( ;3/.U,9.=1( /0U,/( V( H8.9,( 40( ,9704.8,7(
1;( 2=/;( 25( 3501,( [0( V( 40-;287,7( b50( H28,( 20( 01950187,( 0p018,( 40(
95/F,O(F,78.95/,7-0180(95,14;(H28,2(20(/;9,/.:,1(01(:;1,2(b50(02(40(
FW3/.9;(9;1;9.-.018;(/,(;9577019.,(40(402F/,:,-.018;2O(-,2,9702(V(
;87,2(A.;/,9.;102(40(40709C;2(C5-,1;2>('/(0[098;O(9;-;(20(20T,/,(01(
0/(.1[;7-0(F702018,4;(F;7(/;2(B0F702018,1802(F;101802(40/(F7;V098;(
40(R0V(40(SD98.-,2g(
vKx2(-5V(4.[D9./(F7025-.7(3501,([0(ewf(01(/,2(70U.;102(40(402F/,:,P
-.018;iO(VO(02(9;187,4.98;7.;(,/0U,7(0/(F7.19.F.;(40(3501,([0(01(/;2(0A01P
8;2(01(b50(20(,4b5.7.07;1(h8.077,2(-5V(3,7,8,2(,(51,(F;3/,9.=1(b50(C5V0(
3,?;( 0/( .-F,98;( 40/( 8077;7O( ;( ,( 252(5257F,4;702iO( 2.1( F07?5.9.;( 40( b50(
-04.,180(9,401,2(40(8028,[077,8;(;(40(;87;2(,78./5U.;2(20(.180180(;95/8,7(
25(;7.U01(02F57.;(e&J-,7,O(`a\af>
'2D( /,2( 9;2,2O( /,( ,F/.9,9.=1( 40( -,107,( 402,78.95/,4,( 40( /,( R0V( 40(
SD98.-,2( V( 40( ;87,2( .1.9.,8.A,2( /0U.2/,8.A,2( e/0V( 40( 402,77;//;( 757,/( V(
70[;7-,(40/(&=4.U;(6.107;O(01870(;87,2f(01(/,2(b50(20(F7.A./0U.,1(/;2(
F7;V098;2(40(/,2(/;9;-;8;7,2(F,7,(0/(9709.-.018;(09;1=-.9;O(2.1(02P
9/,70907(/,(/.9.854O(/0U.8.-.4,4(V(/0U,/.4,4(40(252(;7DU0102(P(F7;F.08,P
7.;2(V(2;9.;2(V(709572;2PO(F5040(207(0/(U;/F0(-;78,/(,/(9;-F7;-.2;(40(
2,/4,7(/,(4054,(9;1(/,2(AD98.-,2(V(F5040(9;128.85.720(01(0/(-09,1.2-;(
F,7,(/0U.8.-,7(V(/0U,/.:,7(0/(,14,-.,?0(40(402F;?;(V(/0U,/.:,9.=1(.40,4;(
V(0pF,14.4;(F;7(/,(&,2,(&,28,T;(V(252(,/.,4;2>
(K/(0/0-018;(9;-W1(40(028,2(4;2(-;4,/.4,402(02(b50(0/(450T;(40/(F7;V098;(1;(02(0/(
F7;F.08,7.;(40/(F704.;>
^a
('/(702F098;O(02(F078.10180(709;74,7(b50(40240(,U;28;(40(`a\\(C,1(2.4;(,202.1,4;2(
-J2(40(51,(4;901,(40(F072;1,2(b50(709/,-,3,1(252(8.077,2>
lj
kk
6,57.9.;(I5./02(m
0%.3!1+)'"""
+%&'$#,#+%0")*#&'&)B$#'#+'%B%*-)*)'
('-#&.)C)'-#'!"#$$%&'
R,2(028759857,2(40(/,2('&&"(40(/,(&,2,(&,28,T;(40297.8,2(01(0/(9,FDP
85/;(F7.-07;O(C.9.07;1(F702019.,(01(/,2(70U.;102(40/("7,3J(9;74;3H2O(
9C;9;,1;(V(,18.;b50T;O(01(0/(&,7.30(V(01(N;780(40(#,18,1407O(/,2(b50O(
F;7(252(9;14.9.;102(U0;U7Jc9,2(V(2;9.,/02O(F;20D,1(51(U7,1(F;8019.,/(
40(0pF/;8,9.=1(09;1=-.9,(n/D9.8,(0(./D9.8,nO(9,52,(40(/;2([01=-01;2(40(
402F/,:,-.018;(-,2.A;(40(252(C,3.8,1802(V(40/(,3,14;1;(V(402F;?;(
40(252(.1-503/02(757,/02O(V(40/(.1970-018;(2.U1.c9,8.A;(01(/,(9;1901P
87,9.=1(40(/,(801019.,(V(52;2(40(/,(8.077,(V(40(/;2(709572;2(1,857,/02>('(
9;18.15,9.=1O(20(0pF;10(/,2(70A0/,9.;102(40(/;2(402-;A./.:,4;2(20/09P
9.;1,4;2(40(/,2('&&"(nb50(,985,/-0180(20(01950187,1(F;285/,4;2(
,(/,(R0V(40(!528.9.,(V(*,:nO(,2D(9;-;(40(;87;2(40(252(.180U7,1802(,/(
029/,709.-.018;(40(/,(A074,4(2;370(0/(402F;?;(V(,3,14;1;([;7:,4;(40(
8.077,2>(
*,7,( 0-F0:,7O( 4030( 409.720( b50( 01( /,2( A072.;102( /.3702( ,( /,2( b50(
20(85A;(,9902;(1;(2;1(-5V(2.U1.c9,8.A,2(/,2(9;187.359.;102(,(/,(A07P
4,4O(01(70/,9.=1(9;1(/,(.4018.c9,9.=1(40(/;2(,58;702(.180/0985,/02(40(
/,(5257F,9.=1(40(8.077,2(V(8077.8;7.;2(40(/,2(AD98.-,2(V(40(3,/4D;2(40(/,(
N,9.=1(,2D(9;-;(40(/;2(525[75985,7.;2(4.7098;2(0(.14.7098;2(40/(F/,1(
97.-.1,/(9;187,(/;2(F;3/,4;702(40(/,2(70U.;102(40(4;-.1.;(F,7,-./.8,7>(
R;(,1807.;7(F;7b50(01(/,(-,V;7D,(40(/;2(9,2;2O(/;2(A072.;1,4;2(402P
-.01801(;(402A,/;7.:,1(/,2(401519.,2(40(/,2(AD98.-,2(V(/;2(9,7U;2(9;1P
87,(0//;2O(;(/;2(U75F;2(b50(9;-,14,3,1(70/,8.A,2(,/(402F/,:,-.018;(V(,(
/,(,F7;F.,9.=1O(;95F,9.=1(./0U,/(;(402F;?;(40(/,2(8.077,2(,3,14;1,4,2>(
@0(028,(-,107,O(9;-;(20T,/,(/,(&;-.2.=1(&;/;-3.,1,(40(!528.9.,g
vwx(K1(252(9;1[02.;102(/;2(F,7,-./.8,702(C,1(70A0/,4;(-5V(F;9;(
2;370(/,(0287,80U.,(40/(402F/,:,-.018;([;7:,4;(9;-;(51,([;7-,(40(
kj
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
5257F,7( /,2( 8.077,2u( 8,-F;9;( C,1( 709;1;9.4;( 9;-F/08,( V( ,4095,4,P
-0180(25(702F;12,3./.4,4(V(1;(C,1(37.14,4;(.1[;7-,9.=1(b50(F07-.P
8,(9;1;907(/,(9,401,(40(8028,[077,8;(9;1[;7-,4,(F,7,(/,(5257F,9.=1(
40(/;2(3.0102(e&&!O(`a\af>(
'(F02,7(40(028,(9;128,180O(01(/,2(A072.;102(/.3702(,1,/.:,4,2(02(F;P
2.3/0(019;187,7(0/0-018;2(V(70[07019.,2(b50(F07-.801(70/,9.;1,7(/;2(
;3?08.A;2(40(/,(&,2,(&,8,T;(n028;(02O(7095F07,7(V(9;12;/.4,7(8077.8;P
7.;2(V(h10587,/.:,7i(F;3/,9.;102(20T,/,4,2(9;-;(3,202(40(,F;V;(40(/,2(
U5077.//,2nO( 9;1( /,2( 0287,80U.,2( 97.-.1,/02( 0-F/0,4,2( F,7,( ,450T,720(
40(8.077,2O(8077.8;7.;2(V(709572;2(1,857,/02(01(3010c9.;(40(/,(&,2,(&,2P
8,T;O(252(.180U7,1802(V(252(,/.,4;2(-.0-37;2(40(/,(b5D185F/0(,/.,1:,(
40/.98.A,>(
R,2( A072.;102( /.3702O( 25-,4,2( ,( /;2( 8028.-;1.;2( 7014.4;2( F;7( .1P
80U7,1802( 40( /,2( 028759857,2( F,7,-./.8,702( 01( /;2( F7;902;2( ?54.9.,/02(
9;187,( 207A.4;702( FW3/.9;2( V( /,2( 70A0/,9.;102( 01( 01870A.28,2( V( ;87;2(
02901,7.;2O(9;187.35V01(,(-;287,7(0/0-018;2(40(/,(/=U.9,(V(40/(F,87=1(
40/(4028.077;(n(,3,14;1;O(5257F,9.=1O(9;190187,9.=1(40(8.077,2O(8077.P
8;7.;2(V(709572;2(1,857,/02n>(R,2(A072.;102(/.3702(8,-3.H1(4,1(95018,(
40/(9(),%!(8*'.$)#(40(/,(&,2,(&,28,T;(01(&=74;3,(V("7,3J(V(01(9,2.(
8;4;( 0/( F,D2O( ,-F/.,-0180( 9;180p85,/.:,4;( 01( /,2( 2018019.,2(40( ?52P
8.9.,(V(F,:(V(01(/,2(40(/,(hF,7,F;/D8.9,iO(01(F,78.95/,7(/;(70/,9.;1,4;(
9;1(/,2(-W/8.F/02([501802(40(c1,19.,-.018;(,2D(9;-;(40(/,2(F7;/.?,2(
4028.1,9.;102(40(/,2(.1U01802(58./.4,402(;3801.4,2(F7.19.F,/-0180(40/(
1,79;87Jc9;( V( 40/( 07,7.;( FW3/.9;O( /,2( b50( 25F07,3,1( 9;1( 970902( /,2(
40-,14,2(40(/,(U5077,O(V(b50([507;1(9,74.1,/02(,(/;2([01=-01;2(40(/,(
hF,7,F;/D8.9,iO(/,(hF,7,09;1;-D,iO(/,(hF,7,.128.859.;1,/.4,4iO(/,(hF,P
7,09;1;-D,iO(0/(F,7,0-F702,7.2-;iO(0/(hF,7,1,79;87Jc9;i(V(0/(h1,7P
9;F,7,-./.8,7.2-;i>(
K1(20U5.4,(20(40297.3.7J(0/(,F;780(40(/;2(A072.;1,4;2(,(/,(A074,4(2;P
370(0/(F,87=1(97.-.1,/(40(,F7;F.,9.=1(40(8.077,2(V(8077.8;7.;2(V(40(25(/0P
U,/.:,9.=1O(,2D(9;-;(/;2(0[098;2(40(/,(0p87,4.9.=1(01(0/(029/,709.-.018;(
40(/,(-,U1.854(40(/,2(A.;/,9.;102(F07F087,4,2(9;187,(/;2(F7;F.08,7.;2O(
F;2004;702(V(;95F,1802(40(807701;2(01(/,2(:;1,2(b50(9;187;/,7;1O(V(
_a(
0%.3!1+)'8
01(/,(70,/.:,9.=1(40/(40709C;(,(/,(A074,4(40(/,2(AD98.-,2O(9;-;(9;-P
F;101802(40/(40709C;(,(/,(70F,7,9.=1(.180U7,/>(
&;1(0280(c1O(20(80147J1(01(95018,(01(F7.-07(/5U,7(/,2(A072.;102(40(
/;2(0p(9;-,14,1802(V(;87;2(-.0-37;2(b50(C.9.07;1(F,780(40(/,2(02P
8759857,2(20/099.;1,4,2>('C;7,(3.01O(3,?;(0/(018014.4;(40(b50(/,2(A07P
2.;102(2;1(F.0:,2(?54.9.,/02(V(b50(01(02,(-04.4,O(F020(,(/;(;7401,4;(
01(/,(R0V(jkl(40(`aal(01(8;71;(,/(40307(40(/;2(F;285/,4;2(40(70A0/,7(
/,(A074,4O(2;1(.125c9.01802(01(8,18;(b50(n01(-59C,2(;9,2.;102n(/;2(
70/,8;2( 2;1( F,79.,/02( ;( 202U,4;2( F;7( -W/8.F/02( 7,:;102O( 8,/02( 9;-;(
1;( ,58;( .197.-.1,720O( -,180107( ,/.,1:,2( Vq;( 1;( 0pF;10720( ,180( 0/(
F;407D;(40(2;9.;2(V(9=-F/.902O(402-;A./.:,4;2(;(1;^\O(0/(,1J/.2.2(b50(
20(F702018,(,(/;(/,7U;(40(0280(80p8;(1;(20(/.-.8,(0p9/52.A,-0180(,(/;(
409/,7,4;(01(/,2(A072.;102(/.3702>(
*;7(02,(7,:=1O(20(85A.07;1(01(95018,(;87,2([501802(V(20(70,/.:,7;1(
01870A.28,2(9;1(AD98.-,2(V(9;1(F;285/,4;2(01(&;/;-3.,(V(01(K28,4;2(
"1.4;2(e#,/A,8;70(6,1952;O(<071J1(G.7,/4;(V(rA07(S0/;:,fO(V(9;1(
252(,3;U,4;2O(,2D(9;-;(9;1(207A.4;702(FW3/.9;2>(
*;2807.;7-0180O(20(C,90(51(370A0(7095018;(40(/,(01870U,(40(3.0102(
F,7,(/,(70F,7,9.=1(F;7(F,780(40(/;2(F;285/,4;2>(@0(-,107,(02F09.,/(
20(9;-018,(/,(01870U,(40(3.0102(F;7(F,780(40(6,1952;(b50(,40-J2(
40(,77;?,7(/5902(2;370(/,2(4.c95/8,402(01(/,(-,807.,(70A0/,1(/;2(,78./5P
U.;2(F,7,(029;1407(/,2(8.077,2>(*,7,(c1,/.:,7(0280(9,FD85/;O(9;1(3,20(01(
/;(,1807.;7O(20(20T,/,1(,/U51;2(,2F098;2(b50(,-07.8,1(207(801.4;2(01(
95018,(01(/,(,F/.9,9.=1(40(/,(R0V(40(SD98.-,2>
3"#$%-*%*#4#5(2(6+$+%&+1*#/(.#/(*,171#4#%5%2/121#
/(#'+(&&%*
#.(3.01(02(9.078;(b50(/,2(A072.;102(/.3702(V(8028.-;1.;2(40(.180U7,1P
802(40(/,2('"&O(402-;A./.:,4;2(;(1;O(40187;(V([507,(40/(F7;902;(40(
!528.9.,(V(*,:O(C,1(2.4;(409.2.A,2(01(0/(4028,F0(40(/,(hF,7,F;/D8.9,i(V(
/,(hF,7,.128.859.;1,/.4,4iO(9.A./(V(-./.8,7O(1;(259040(/;(-.2-;(9;1(/,(
(S,7.;2(40(/;2(F;285/,4;2O(01870(0//;2(6,1952;O(20(C,1(70[07.4;(,/(80-;7(40(9;18,7(
8;4;(/;(b50(2,301(F;7(/,2(,-01,:,2(V(,U702.;102(2;370(252([,-./.,702(V(,//0U,4;2>
^\
_\
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
70A0/,9.=1(40(/,(A074,4(2;370(0/(402F;?;(V(0pF;/.;(40(8.077,2(F;7(F,780(
40(,U01802(/0U,/02(ehF,7,09;1;-D,i(V(hF,7,0-F702,7.2-;ifO(V(-59C;(
-01;2O(F;7(/;2(./0U,/02(eh1,79;F,7,2i(V(1,79;87,c9,1802fO(01(F,780(F;7(
0/(70.807,4;(;95/8,-.018;(40/(97.-01(40(402F/,:,-.018;(V(25(70/,9.=1(
9;1(/,(,F7;F.,9.=1(V(,802;7,-.018;(40(8.077,2(V(8077.8;7.;2(V(709572;2(
1,857,/02>('(0//;(20(25-,1(/,2(.19;12.28019.,2(01870(/,2(A072.;102(40(
/;2(-.2-;2(F;285/,4;2(,(/;(/,7U;(40/(F7;902;(40(!528.9.,(V(*,:O(V(/,2(
4.[07019.,2( 01( /,( A.2.=1( 40/( 402F;?;( V( ;95F,9.=1( 40( 8.077,2( V( 01( 25(
?528.c9,9.=1O( 20UW1( 20( 87,80( 40( 9;-,14,1802( F;/D8.9;2( ;( -./.8,702O( V(
/,2( 0p87,4.9.;102( 40( /;2( F7.19.F,/02( 0p( 9;-,14,1802( 01( -01;29,3;(
40/(40709C;(,(/,(A074,4>(N;(;328,180O(,/(9;1[7;18,7(A072.;102(V(;87,2(
[501802O(02(F;2.3/0(.4018.c9,7(,2D(20,(40(-,107,(2;-07,O(,/U51;2(40(
/;2(,U01802(40807-.1,4;702^`(V(9=-F/.902O(,2D(9;-;(,/U51;2(40(/;2([,P
A;709.4;2(40/(0pF;/.;(V(40(/,(;95F,9.=1(,73.87,7.,(V(A.;/018,(40(8.077,2(
V(8077.8;7.;2>(K28;2(2;1(/;2(80-,2(b50(20(,3;74,1(,(9;18.15,9.=1>(
MKJK*+%(.%1&1,-%(&$1*-%*/$1*P-"1&.%-1
K2(9;-W1(b50(01(/,2(F7.-07,2(A072.;102(/;2(F;285/,4;2(?528.c9,P
7,1(0/(,99.;1,7(40(/,2(028759857,2(F,7,-./.8,702(01(/,(/59C,(9;187,(/,2(
U5077.//,2(V(b50(20(10U,7,1(,(0pF;107(2;370(/,(0p.28019.,(40(.18070202(
09;1=-.9;2(40(252(-.0-37;2(V(,/.,4;2(01(/,2(8.077,2(V(8077.8;7.;2u(2.1(
0-3,7U;O(,(/;(/,7U;(40/(F7;902;(40(!528.9.,(V(*,:(028,(F;2857,(8.0140(
,(-;4.c9,720>('/U51;2(0?0-F/;2(40(0//;(2;1(/,2(A072.;102(40(B014=1(
<07707,(V(S0/;:,(G,79D,>(K/(F7.-07;(,c7-=(01(A,7.,2(;9,2.;102(b50(
25( U75F;O( 0/( IK&O( 1;( 801D,( .18070202( 09;1=-.9;2( 01( /,( 70U.=1( 40/(
"7,3J(9C;9;,1;P,18.;b50T;(F5028;(b50(/,2(-;8.A,9.;102(07,1(0287.9P
8,-0180(h2;9.,/02i(V(F;7(8,/(-;8.A;(25(.1807H2(hvwx(1;(07,1(1.(8.077,2(
F,7,(402,77;//,7(U7,1402(F7;V098;2(,U7;.145287.,/02O(1.(70U.;102(F,7,(
F;407( 0pF/;8,7( ;7;O( 1,4,( 40( 02,2( 9;2,2O( 1.1UW1( .1807H2( F072;1,/( ;(
0287,8HU.9;(9;-;(09;1=-.9;i(eB014=1O(`aakf>(*,7,(70,c7-,7(028,2(
(#0UW1(/,(&;780(#5F70-,(40(!528.9.,g(hK/(40807-.1,4;7(2,30(b50(028J(//0A,14;(,/(40807P
-.1,4;(,(/,(70,/.:,9.=1(40(51,(9;14598,(F51.3/0(V(H28,(,98W,(9;1(9;19.019.,(40(/;(b50(
028J(C,9.014;(V(40(/,(40807-.1,9.=1i(e&#!O(2018019.,(40(o(40(?51.;(40(\j_oO(B,4>\j_oO(
9.8,4,(01(0/([,//;(40(9;1401,(9;187,(#,/A,4;7('7,1,(#52(e&#!O(`aajf>
^`
_`(
0%.3!1+)'8
409/,7,9.;102O(0/(0p(9;-,14,180(709;74=(b50(25(U75F;(;F07,3,(9;1(
.140F014019.,(40(/,(&,2,(&,28,T;O(40(8,/(-,107,(b50(252(/.10,-.018;2(
9;7702F;14D,1(,(/;2(9.8,4;2(F7.19.F.;2(40(h/.3078,4O(40-;97,9.,O(0b5.P
4,4(V(20U57.4,4i(40/(*7;V098;(40('/8071,8.A.4,4(#;9.,/(e*'#QfO(9;-P
F;10180( 40/( -;A.-.018;( h*;7( 51( "7,3J( G7,140O( "1.4,( V( 01( *,:i(
eS07g(***(40(hK/('/0-J1if>(
K1(020(2018.4;O(hK/('/0-J1i(-,1.[028=g(
vwx(b50(20(.1A028.U50(2.(,b5D(C53;(402F/,:,-.018;(V(,//D(,(51,2(807P
907,2( F072;1,2( ,F7;A09C,7;1( V( 9;-F7,7;1( 8.077,2O( b50( 20( .1A028.U50(
b5.H102(2;1O(1;(801U;(V;(51(9018D-087;(40(8.077,(01(02,(:;1,O(8,1(2=/;(
01870U5H(-./(C098J70,2(40(8.077,(,(02;2(9,-F02.1;2(eB014=1O(`aakP4f>(
R;(,c7-,4;(1;(20(,A.010(,(/;(8,-3.H1(70A0/,4;(F;7(B014=1(<0P
7707,(01(0/(2018.4;(40(b50(9;-F7=(F704.;2(01(0/(U;/[;(40("7,3J(F,7,(
702F;1407(,(.18070202(09;1=-.9;2(40(S.90180(&,28,T;(G./(eB014=1O(
`a\a(V(`aakP4f(V(F7;F.;2>($,-F;9;(9;1(/,2(70A0/,9.;102(2;370(/,(.-P
F/0-018,9.=1(40(F7;V098;2(F7;4598.A;2(/.407,4;2(F;7(H/(V(25(C07-,P
1;O(1.(9;1(/,2(.1A028.U,9.;102(b50(20(,40/,18,1(01(25(9;187,(F;7(0/(402P
F;?;(40(8.077,2(01(/,(70U.=1(40($5/,F,2(eS07g(***(40(hK/('/0-J1i(V(
$5/,F,2g(@02F;?;(01(:;1,2(40(hK/('/0-J1ifO(1.(9;1(/,2(401519.,2(40(
[;7:,7(,(/;2(-.0-37;2(40(/,(&;;F07,8.A,(40($7,3,?,4;702('U7,7.;2(40(
I/,1b5.908(V(6,9;14;(F,7,(b50(A014.07,1(252(F704.;2(R,(K2F07,1:,(
V(N50A,(S.4,(,(,/.,2(hN,F;iO(b5.01(25F5028,-0180([50(0/(,4-.1.287,P
4;7(40(/,(c19,(NJF;/02(40(*,3/;(K29;3,7^o>(
#.-./,7(2.85,9.=1(20(F702018,(9;1(,/.,2(h<<iO(0p(9;-,14,180(40/(
/;2(I/;b502(I,1,107;(V(&,/.-,>(K1(/,2(F7.-07,2(A072.;102(25(0pF/.9,P
9.=1(2;370(0/(,99.;1,7(40(/,2('&&"(20(70[07D,(,(/,(/=U.9,(40/(9;1d.98;(
,7-,4;(V(,(/,(10902.4,4(40(9;-3,8.7(/,(253A072.=1(eS0/;:,O(`aakP,f>(
*;7(8,/(-;8.A;O(95,14;(/,(E.29,/D,(/0(.14,U,3,(2;370(9,2;2(01(/;2(b50(
/,2(AD98.-,2(401519.,3,1(0/(402F;?;(V(/,(,F7;F.,9.=1(40(252(8.077,2O(
(K280(9,2;(C,(2.4;(,-F/.,-0180(4;95-018,4;(F;7(/,(&;-.2.=1(%180709/0702.,/(40(!52P
8.9.,(V(*,:O(V(F;7(/,(&;-.2.=1(&;/;-3.,1,(40(!57.28,2O(b50(70F702018,(,(/;2(.180U7,1802(
40(/,(&;;F07,8.A,(40($7,3,?,4;702('U7,7.;2(,180(.128,19.,2(?54.9.,/02(1,9.;1,/02(V(,180(
/,(&;780(%1807,-07.9,1,(40(@0709C;2(<5-,1;2>(S07g(&&!O(`a\\>
^o
_o
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
S0/;:,(G,79D,(702F;14D,(b50(4029;1;9D,(/;2(9,2;2(V(b50(8,/(1;(07,(
51,(F;/D8.9,(97.-.1,/(40(25(U75F;O(F;7(/;(95,/(1;(,25-D,(702F;12,3.P
/.4,4(F;7(h;7401(40(-,14;i>(*;2807.;7-0180O(01(,54.019.,2(40(A07P
2.=1(/.370(V(01(/;2(F7;902;2(,180(/,(&;780(#5F70-,(40(!528.9.,O(,1802(V(
402F5H2(40(25(0p87,4.9.=1O(0/(0p(9;-,14,180(-./.8,7(C,(40A0/,4;(/;2(
.18070202(40(/;2(2;9.;2(V(,/.,4;2(40(/,2('&&"O(01(/,(,F7;F.,9.=1(40(8.0P
77,2(F7.19.F,/-0180(01(/,(70U.=1(40("7,3JO(4;140(20UW1(H/(20([,9./.8,3,(
0/(402F;?;(V(/,(;95F,9.=1(F;7(/,(F709,7.04,4(01(/,(801019.,(40(/,(8.077,(
V(/,(4./,9.=1(40/(K28,4;(F,7,(8.85/,7(8077.8;7.;2(9;/098.A;2(,(/;2(U75F;2(
H81.9;2(eS0/;:,O(`a\\f>
(
MKLK*R-10/$'$=&-%,.*-6-(,.*(./$,-"$/
*70F;1407,180-0180( 01( /,2( A072.;102( /.3702( 40( /,( -,V;7D,( 40( /;2(
F;285/,4;2(,(/,(R0V(40(!528.9.,(V(*,:(40(/,2('&&"O(20(?528.c9,1(/;2(
402F/,:,-.018;2(9;-;(51,(9;12095019.,(.10A.8,3/0(40(/;2(01[7018,P
-.018;2(F7;F.;2(40/(9;1d.98;(,7-,4;>(K1(02F09.,/O(B014=1(<07707,O(
&;3;2($H//0:(V(S0/;:,(G,79D,O(2;285A.07;1(.1.9.,/-0180(b50(0/(402P
F/,:,-.018;([;7:,4;(40(-.//;102(40(9;/;-3.,1;2([50(51(0[098;(9;/,P
807,/(40/(9;-3,80(,(/,(.1257U019.,(V(,(/;2(b50(9;12.407,3,1(252(3,202(
2;9.,/02(01(/,2(4.28.18,2(70U.;102(40/(F,D2>(K280(W/8.-;(01(/,2(F7.-07,2(
,54.019.,2(40(A072.=1(/.370O(709;1;9.=(b50(/,2(8.077,2(V(40-J2(3.0102(
b504,3,1(,3,14;1,4;2(9;-;(0[098;(40/(Hp;4;(U0107,4;(F;7(/;2(U75P
F;2(F,7,-./.8,702g(
vwx(95,14;(1;2(F70U518,7;1(b50(e2.f(1;2;87;2(/.407,-;2(0/(402F/,:,P
-.018;(40240(/50U;(b50(2D(/;(U0107,-;2(40(-59C,2(-,107,2O(/;(U0107,P
-;2(F;7b50(vwx(b5.01(b504,(01(-04.;(40(/;2(9;-3,802(02(0/(9,-F02.1;(
e0/(b50f(vwx(,3,14;1,1(e2.9f(252(F7;F.04,402(V(8;4,2(252(9;2,2(eS0/;:,O(
`aakPCf>(
#.1(0-3,7U;O(10U,3,(/,(.18019.=1(40(,F;407,720(40(/,2(8.077,2O(,2Dg(
vwx(2.(;7401,-;2(b50(801D,1(b50(2,/.7(;3/.U,4,-0180O(/0(;7401,-;2(
e2.9f(b50(801D,1(b50(402F/,:,720(F07;(1;(/;(;7401,-;2(F;7(b504,71;2(
9;1(/,2(8.077,2(40(0//;2O(1.(F;7(2,9,7/;2(V(,F7;F.,71;2( 40(/,2( 9;209C,2O(
e2.1;f(F;7(87,8,7(40(F7;80U07(/,(F;3/,9.=1(01(020(-;-018;(V,(b50(/;2(
9;-3,802( 07,1( -5V( .18012;2( V( 402F5H2( 028,2( F;3/,9.;102( 70U702,7;1(
vwx(eS0/;:,O(`aa_P//f>
_](
0%.3!1+)'8
N;(;328,180O(01(A072.;102(F;2807.;702(,4-.8.=(b50(2D(0p.28.=(0/(402P
8.077;(,([,A;7(40(/;2(402F;?,4;702(h/0U,/02iO(018014.014;(40187;(40(
028;2(,(-.0-37;2(40(/;2(2098;702(b50(/;2(F7;-;A.07;1O(9;128.85V07;1(
V(;7U,1.:,7;1O(V(,(/;2(b50(/;2(,F;V,7;1(-./.8,7O(c1,19.07,(V(F;/D8.9,P
-0180>(
MKMK* X&%-1*1-#\%*0./I,&(.1*.*=&/&,$"-1
@0( /,2( A072.;102( V( 409/,7,9.;102( 40( /;2( F;285/,4;2( ,( R0V( jkl( 40(
`aalO( 20( 0A.4019.,( b50( 0p.2801( 4.[07019.,2( 01870( /;2( b50( [51U.07;1(
9;-;(9;-,14,1802(F;/D8.9;2(40(/;2(019,7U,4;2(40(/,2(/,3;702(-./.8,P
702(01(/,(70A0/,9.=1(40(/,2(A074,407,2(9,52,2(40/(402F/,:,-.018;O(V(40(
25(70/,9.=1(9;1(0/(402F;?;(V(/,(;95F,9.=1(./0U,/(40(8.077,2(V(8077.8;7.;2>(
'/(702F098;O(20UW1(6,1952;O(F020(,(/,(0p.28019.,(40(/,(&;1[0407,P
9.=1(40(E0407,9.;102O(/;2(9;-,14,1802(01(/,2(4.28.18,2(028759857,2(40(
/,2('&&"(0?079D,1(/;2(2.U5.01802(7;/02g(
K/(9;-,14,180(F;/D8.9;(hvwx(07,(0/(019,7U,4;(40(-,180107(/,(;7.01P
8,9.=1(F;/D8.9,(40(/;2(4.[0701802(.180U7,1802(40/(3/;b50(;([70180i(vwx(V(
403D,(80107(hvwx(9.078,(87,V098;7.,(01(0/(-,10?;(-./.8,7O(F;/D8.9;(V(2;9.,/O(
-,10?;(40(-,2,2(V(F;407(40(9;1A;9,8;7.,iu(0/(9;-,14,180(-./.8,7(801D,(
,(25(9,7U;(/,(F/,10,9.=1(V(0/(-,14;(40(/,2(h;F07,9.;102i(V(07,(,4.0287,P
4;(01(/,2(02950/,2(40(9,F,9.8,9.=1(-./.8,7(V(F;/D8.9,O(V(,/(9;-,14,180(40(
[.1,1:,2(/0(9;7702F;14D,(hvwx(709;U07(V(25-.1.287,7(0/(4.107;(10902,7.;(
F,7,(0/([519.;1,-.018;(40(9,4,(3/;b50(;([70180iO(F,7,(/;(95,/(403D,(hvwx(
U7,A,7(/,2(09;1;-D,2(40(/,2(70U.;102(V(U,7,18.:,7(0/([/5?;(40(709572;2i(
e6,1952;O(`aakf>
MKMKJK*b$*P&1&)%*7-*/.1*/I7-"-1*0./I,&(.1*
*,7,(6,1952;O(/,(/59C,(9;187,(/,(253A072.=1O(51.[;7-,4,(;(9;187,(
hvwx(252(3,202(2;9.,/02O(/02(F07-.8.=(,(U,1,407;2(V(C,9014,4;2(40(/,2(
:;1,2(40(4;-.1.;(40(/;2(3/;b502(40(/,(&,2,(&,28,T;O(70U702,7(V(y7095P
F07,7z(/,2(F7;F.04,402(b50(C,3D,1(,3,14;1,4;(yF;7(9,52,(40/(,99.;1,7(
40(/,2(U5077.//,2(V(40(25(.1c/87,9.=1(01(0/(%N&QB'i(e@K#)*9f>(
K1(/,(01870A.28,(70,/.:,4,(01(K28,4;2("1.4;2O(0/(0p(9;-,14,180(20(
70c7.=(0p8012,-0180(,(/;2(9;1d.98;2(40(8.077,2(01(&;/;-3.,O(A,7.;2(40(
0//;2O(20UW1(252(F,/,37,2O(407.A,4;2(40(F;/D8.9,2(028,8,/02(077J8.9,2>(K1P
870(028,2(-019.;1=(/,(01870U,(40(8.077,2(40(70[;7-,(,U7,7.,(,(9,-F02.P
_l
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
1;2O(2.1(37.14,7/02(709572;2(F,7,(F;107/,2(,(F7;459.7(V(/,(970,9.=1(40/(
**N(*,7,-.//;(h40240(51(0297.8;7.;(01(I;U;8JiO(4029;1;9.014;(/;2(
40709C;2(40(b5.0102(801D,1(F7;F.04,402(V(-0?;7,2>(*07;O(,(25(?5.9.;O(
/;2(-,V;702(702F;12,3/02(40(/;2(9;1d.98;2(2;370(8.077,2(V(40(/;(b50(
H/(401;-.1,(0/(h20U514;(U7,1(402F;?;(40(/,(HF;9,(-;4071,i(2;1(/,2(
U5077.//,2(1,9.4,2(h40(/,(,/.,1:,(01870(/.307,/02(V(9;-51.28,2i(/,2(b50(,(
25(?5.9.;(58./.:,7;1(4.[0701802(-;4,/.4,402O(01870(0//,2(hvwx(F07-0,7(
,(/;2(-;A.-.018;2(,U7,7.;2(F,7,(;7U,1.:,7(51(K28,4;(40([,98;(V(,F;P
407,720(40(/,2(8.077,2(2,9,14;(,(252(F7;F.08,7.;2(V(,2018,14;(01(0//,2(,(
252(3,202(2;9.,/02i(e6,1952;O(`a\\f(9;1(0/(,F;V;(40/(%N&QB'O(018.P
4,4O(b50(01(F,/,37,2(40(H/(07,(h-,10?,4,i(F;7(/;2(U75F;2(253A072.A;2(
e@KC)*9f>(&;-;(0?0-F/;(-019.;1=(/,(.1A,2.=1(F;7(F,780(40/(K*R(40/(
F704.;(&;28,(40(Q7;O(,/(b50(20(C,90(70[07019.,(-J2(,40/,180>(#0UW1(
h$7.F/0( &07;iO( F709.2,-0180( hvwx( 020( 20U514;( 402F;?;( [50( /;( b50(
1;2(8;9=(A.A.7O(F,40907(V(9;-3,8.7(,(/,2(,58;40[012,2(9;1(0/(,F;V;(40/(
K28,4;i^](e@K#)*9f>
(@0(,95074;(9;1(6,1952;O(51,(A0:(h/.307,4;2i(/;2(8077.8;7.;2(20(
//,-,3,(,(/;2(h450T;2i(40(/,2(8.077,2(b50(C,3D,1(2.4;(402F/,:,4;2(F;7(
/,(.1257U019.,(F,7,(b50(409.4.07,1(2.(b507D,1(;(1;(70U702,7(e6,1952;O(
`a\\f>( '/U51;2( A014.07;1( A;/518,7.,-0180O( ;87;2( /,2( 7095F07,7;1( V(
;87;2( ,F7;A09C,7;1( F,7,( 9;-F7,7( ,( F709.;2( h40F7.-.4;2i( F,7,( 30P
10c9.,720( 40( /;2( F7;V098;2( b50( .-F5/2,3,1( /,2( '&&"( 8014.01802( ,(
7095F07,7(09;1=-.9,-0180(/;2(8077.8;7.;2O(h25F07,14;(0/(,87,2;(V(0/(
;/A.4;i(,/(b50(C,3D,1(2.4;(9;1401,4;2(F;7(0/(h,99.;1,7(40(/,2(U50P
77.//,2i( e@KC)*9f>( &;1( 3,20( 01( /;( 0pF5028;O( ,/.,2( hK/( 6;1;i( ,c7-,(
b50(1;(8;4;2(/;2(709/,-,1802(40(8.077,2(2;1(A074,407,-0180(AD98.-,2O(
F5028;(b50(/,( -,V;7D,( A014D,( A;/518,7.,-0180>(#.1( F07?5.9.;(40(252(
,c7-,9.;102( F,7,( ?528.c9,7( /,( h7095F07,9.=1i( 40/( 20U514;( 402F;?;(
V(10U,7(/,(,F7;F.,9.=1(./0UD8.-,(0(./0U,/(40(8.077,2O(6,1952;O(,(87,AH2(
40(252(,3;U,4;2(n01(/,(4./.U019.,(40(7028.859.=1(40(/,(C,9.014,(&;28,(
40( Q7;PO( hF.4.=( F074=1i( V( ,4-.8.=( 25( 702F;12,3./.4,4( F;7( 0/( 402P
F/,:,-.018;O( .18.-.4,9.=1( V( 402F;?;( 40( /,2( F,790/,2>( '2D-.2-;O( C,(
(&;-;(0/(F7.-07(U7,1(402F;?;(hb50(1;(85A;(2;/59.=1iO(20(70c070(,/(F07.;4;(40(hR,(
S.;/019.,i(01(/;2(,T;2(9.195018,(40/(2.U/;(††(e6,1952;O(`a\\f>
^]
_^(
0%.3!1+)'8
709;1;9.4;(b50(01(252(.1.9.;2(01(/,(&,2,(&,28,T;(,4b5.7.=(F704.;2(01(
/,(:;1,(40($5/,F,2(F,7,(-;18,7(51(9,-F,-018;(F,7,-./.8,7(//,-,4;(
hR,(`]i^lO(V(b50(hvwx(G5.4;(S,7U,2([50(51(-59C,9C;(9;-.2.;1.28,(
40(/,(70U.=1(b50(-0(F702018,7;1(/;2(9;-,14,1802(&,28,T;(F,7,(b50(
[5020( 0/( 019,7U,4;( 40( 9;-F7,7( /,2( 8.077,2( 01( /,( :;1,i^^O( /,2( b50( 20(
hvwx(9;-F7,3,1(,(-01;2F709.;(F;7(207(807701;2(/;9,/.:,4;2(01(:;P
1,2(40F7.-.4,2(F;7(9,52,(40(/,(U5077.//,i^k(e6,1952;O(`a\\f>(
Q87,2(40(/,2(70A0/,9.;102(40(h$7.F/0(&07;i(20(70/,9.;1,1(9;1(0/(F07P
[099.;1,-.018;(40(/,(&,2,(&,28,T;(40(/,2(F7J98.9,2(40(.1c/87,9.=1(40(
018.4,402(b50(h58./.:,1(/,2(U5077.//,2i>(K1(252(F,/,37,2O(/,(0287,80U.,(
9;12.28D,(01g(
hvwx( .1[./87,7( ,( /,( E.29,/D,O( .1[./87,7( ,/( K?H79.8;O( .1[./87,7( ,( /,( *;/.9D,O(
.1[./87,7(,/(@'#^_O(.1[./87,7(,/(,/8;(U;3.071;O(,(/;2(U;3.071;2(40F,78,-01P
8,/02O( ,( /;2( U;3.071;2( /;9,/02O( ,( /,2( ?518,2( 4.7098.A,2( 40( /,2( 0-F702,2i(
e6,1952;O(`aakf>
@0(028,(0287,80U.,(1;(029,F,7;1(/,2(018.4,402(9;1(9;-F08019.,(01(
-,807.,(40(40709C;2(40(F7;F.04,4(2;370(/,(8.077,(e%19;407(V(Qc9.1,2(
40(N;8,7.,4;O(&,8,287;(V(B0U.287;f(V(/,2(b50(c1,19.,1(,98.A.4,402(01(
0/(9,-F;(e8,/02(9;-;(/,2(,/9,/4D,2O(/,2(9;7F;7,9.;102(,-3.018,/02O(0/(
I,19;('U7,7.;O(0/(%128.858;(&;/;-3.,1;('U7;F095,7.;(V(E.1,U7;f>
'40-J2( 40( /,( 9,F857,( 40( .128.859.;102(F,7,( 0/( 402F;?;( V( 25( /0U,P
/.:,9.=1O( #,A,8;70( 6,1952;( 20( C,( 70[07.4;( ,/( 52;( 40/( h8028,[077,8;i(
;( /,( 2.-5/,9.=1^jO( 9;-W1-0180( 0-F/0,4;( F;7( /,2( H/.802( 09;1=-.P
9,2( 9;1( c102( 40( 0A,4.7( .-F5028;2O( F,7,( ;95/8,7( /,( .4018.4,4( 40( /;2((
(S0/;:,(1,77=(b50(/;2(1;-3702(40(/;2(F704.;2(;30409D,1(,(/,2([7095019.,2(40(7,4.;(V(
b50(40(.U5,/(-,107,(20(401;-.1,3,(,(/;2(019,7U,4;2(40(,4-.1.287,7/,2(eS0/;:,u(`a\\f>
^^
(B0A.28,(&,-3.;g(hR;2(9C0b502(y9C.-3;2z(40(6,1952;i>
^k
(K1870(/;2(F704.;2(2;370(/;2(b50(6,1952;(C,(709;1;9.4;(25(702F;12,3./.4,4(01(0/(402P
F;?;(V(/,2(A018,2([;7:,4,2(20(01950187,1(/,2(c19,2(K/(*077;(;(#,18,(K/01,O(I;/,(40(<./;O(
K/(@020;O(6,1,18.,/02O(K/($02;7;(N;>(oO(R,(%/52.=1O(R,2(G,7401.,2(V(N50A,('5287,/.,>
^_
(R,(A.195/,9.=1(40(/,2('"&(9;1(0/(@'#(20(C.:;(0A.40180(9;1(/,(9;1401,(40(25(0p(4.P
7098;7(!;7U0(N;U507,(V(b5.01([50(U070180(70U.;1,/(40(/,(F7.-07,(9,-F,T,(F702.4019.,/(
40("7.30>(S07g(#0-,1,>9;-O(hR,(9;10p.=1(@'#P'"&i>
^j
(K/(8028,[077,8;(9;12.280(01(F7028,7(0/(1;-370(F,7,(,4b5.7.7(3.0102(9;1(4.107;2(F7;A0P
1.01802(40(/;2(40/.8;2(40(1,79;87Jc9;O(20950287;(0p8;72.A;(V(0p8;72.=1(e,78D95/;(o`^(40(
/,(R0V(ljj(40(`aaaf>(
^l
_k
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
402F;?,4;702(V(40(/;2(F704.;2(e6,1952;O(`a\\fkaO(80-,(b50(20(,3;74,(
01(0/(9,FD85/;(95,78;>
*,7,(0/(.40=/;U;(40/(-;40/;(09;1=-.9;(40(/,(&,2,(&,28,T;O(,/.,2(
h),75-;iO(/,2(8.077,2(07,1(F,780(40/(hI;8D1(40(G5077,iO(40297.8;(,2D(
F;7(,/.,2(h*047;(I;1.8;ig(hvwx(95,14;(V,(20(0187,(,(51,(:;1,(V(2H(b50(
ypz(F072;1,(02(U5077.//07;(V(8.010(51,(c19,O(/,2(F7;F.04,402O(8;4;(/;(
b50(V;(/0(F504,(4029537.7(,(020(20T;7(C,901(F,780(vwx(40(/;2(,98.A;2(
40/([70180(;(40/(9;-,14,180(b50(-,10?,(/,(:;1,i(e<,23W1O(`aa_P4f>
K1(0280(2018.4;O(<,23W1O(,(b5.01(S.90180(&,28,T;(/0(019;-014=(/,(
h708;-,(40("7,3JiO(C,(1,77,4;(A,7.;2(9,2;2(01(/;2(b50(20(,F;407,7;1(
40(/,2(8.077,2(40(F072;1,2(,202.1,4,2(V(,-01,:,4,2(,(/,2(b50(,952,3,1(
40(207(U5077.//07,2O(/,2(b50(807-.1,7;1(01(F;407(40(,/.,2(hK/(*7;[0i>(
*;7( AD,( 40( 0?0-F/;O( ,/.,2( h*047;( I;1.8;i( 9;18=( b50( 402F5H2( hvwx(
40(b50([50(4,4;(40(3,?,(0/(20T;7(6.U50/(*0T,7,14,O(0/(20T;7(S.90180(
&,28,T;(8;-,(F;202.=1(40(/,2(8.077,2i(e<,23W1O(`aa_P4f>($,-3.H1(20(
70c7.=(,/(402F;?;(40(51,(c19,(40(95,87;9.018,2(,(b5.1.018,2(C098J70,2(
01(I/,1b5.908O(01(/,(b50(hvwx(4;1(S.90180(C.:;(51,(9,2,(,//JO(9,-P
F02.1,(-5V(3;1.8,>(#.0-F70(b50(.3,(4;140(1;2;87;2(,/(2098;7(40(/,(
*,1,-07.9,1,O(2.0-F70(//0U,3,(,(02,(c19,i(e@KC)*9f>(*07;O(.U5,/-0180O(
<,23W1(20(,F7;F.=(40(8.077,2(eS07g(*704.;2(,F7;F.,4;2(F;7(<,23W1(
01("7,3Jf>(
K1(9;-51.9,9.=1(4.7.U.4,(,/(F702.40180(!5,1(6,150/(#,18;2O(252P
97.8,(F;7(B014=1(<07707,O(<,23W1O(&;3;2O('7153.;($7.,1,(I;8,/=1(V(
B;47.U;(*H70:(X/:,80(20(.1A.8,(,/(G;3.071;(,(2018,7(01(0/(3,1b5.//;(1;(
2=/;(,(h/,(F518,(40/(.90307U(40/([01=-01;(F,7,-./.8,7ig(/,2(h02875985P
7,2(,7-,4,2iO(2.1;(8,-3.H1(40(b5.0102(F,78.9.F,7;1(40(h/,(yF,7,F;/DP
8.9,zO(/,(yF,7,09;1;-D,z(V(/,(yF,7,.128.859.;1,/.4,4ziO(01870(0//;2g(hvwx(
F;/D8.9;2O(0-F702,7.;2O([519.;1,7.;2(40(,/8;(1.A0/O(U7,1402(9;187,8.2P
( K/( ,78D95/;( \k^^( 40/( &=4.U;( &.A./( 9;12,U7,( /,( ,99.=1( 40( 2.-5/,9.=1O( cU57,( b50( 20(
,2.-./,(,(51,(h-018.7,(9;19078,4,i(eS07g(B;9C,O(h@0(/,(F7503,(01(40709C;iO(I;U;8J(
\j^kf(F,7,( ;95/8,7( 0/( ;3?08;O( /,( 9,52,( ;( /,2( F072;1,2( e8028,[077;2( ;( 2.-5/,4;702f( b50(
.1807A.0101(01(51(10U;9.;(;(01(51,(0-F702,O(/;2(b50(F50401(80107(c102(/D9.8;2(;(207A.7(
9;-;(h0-F702,2(40([,9C,4,i(F,7,(9;-0807(,985,9.;102(40/.98.A,2(e,78D95/;2(]](40(/,(
R0V(o^l(40(\jjkO(o(40(/,(R0V(ooo(40(\jj^(V(`(40(/,(R0V(o^l(40(\jjkf>(
ka
__(
0%.3!1+)'8
8,2O(.1A072.;1.28,2(0p87,1?07;2(V(-.0-37;2(40(/,(E507:,(*W3/.9,i(eB01P
4=1(V(;87;2O(`a\\f>('(?5.9.;(40(/;2(25297.F8;702(40(/,(9,78,O(2=/;(,2D(20(
F;47J( 9;1;907( /,( hA074,4( A074,407,i( 2;370( 0/( hvwx( ,9,F,7,-.018;(
40(/,(8.077,O(/,(5257F,9.=1(V(9;190187,9.=1(40(/,(F7;F.04,4(,U7,7.,O(/,(
A.;/019.,(V(402F/,:,-.018;(01(0/(9,-F;O(V(/,(9;12.U5.0180(.1?528.9.,(
2;9.,/(9;187,(0/(9,-F02.1;i(e@K#)*9f>(
K28,(F;2857,(20(,2.-./,(,(/,(A.2.=1(40(/;2(9;-,14,1802(-./.8,702(2;P
370(/,(,F7;F.,9.=1(40(8.077,2(b50(20(40297.30(,(9;18.15,9.=1>
*MKMKLK*b$*P&1&)%*7-*/.1*(.=$%7$%,-1*=&/&,$"-1
*,7,(,/U51;2(40(/;2(9;-,14,1802(-./.8,702(4087J2(40/(A,9.,-.018;(V(
0/(9;187;/(40(8077.8;7.;2O(253V,9D,1(.18070202(09;1=-.9;2(40(/;2(2;9.;2(
40( /,( b5D185F/0( ,/.,1:,( b50( 9,7,9807.:=( /,( 0pF,12.=1( 40/( [01=-01;(
F,7,-./.8,7>( #;370( 0280( 80-,( A,7.;2( 40( /;2( F;285/,4;2( 01870A.28,4;2(
-,1.c028,1(/,(4.2V518.A,(01(/,(b50(20(01950187,1g(1;(9;1[02,7(V(9;1P
8,7(/;(b50(2,301(V(F07407(/,(F01,(,/8071,8.A,(40(/,(R0V(jkl(V(/,(;F;7P
851.4,4(40(70.19;7F;7,20(,(/,(2;9.04,4(;(70A0/,7(V(F07407(25(A.4,(;(/,(
40([,-./.,702(F;7(/,2(708,/.,9.;102(40(,58;702(.180/0985,/02(V(40/(,F;P
407,-.018;(40(8.077,2(V(8077.8;7.;2(V(40(/;2(b50(20(3010c9.,7;1(9;1(0/(
402F;3/,-.018;(V(4028.077;(F7;459.4;(F;7(0/(,99.;1,7(40(/,(0-F702,(
F,7,-./.8,7>(
#.1(0-3,7U;O(A,7.;2(40(/;2(0p(?0[02(-./.8,702O(01870(0//;2O(,/.,2(h<<i(
V('/9.402(6,88;2($,3,702O(,/.,2(hK/(#,-,7.;iO(20(C,1(,870A.4;(,(C,P
3/,7(V(01(252(A072.;102(V(409/,7,9.;102(9;.19.401(01(20T,/,7(b50(01(
25(9,58.A07.;(C,1(9;-F7014.4;(b50(4087J2(40/(4.29572;(40(9;-3,8.7(
,(/,2(U5077.//,2(0p.28D,(51(.1807H2(09;1=-.9;(01(/;2(8077.8;7.;2(V(01(/;2(
709572;2(1,857,/02O(F;7(F,780(40(/;2(9;-,14,1802(F;/D8.9;2(40(/,(&,2,(
&,28,T;(V(40(252(,/.,4;2>(
'/.,2(<<O(b50(,4b5.7.=(0/(9,7U;(40(9;-,14,180(/50U;(40(029,/,7(
A,7.,2(F;2.9.;102(-./.8,702(40187;(40(/,(028759857,(F,7,-./.8,7O(A.195/,(
/;2(402F/,:,-.018;2(V(40-J2(A.;/,9.;102(40(40709C;2(C5-,1;2(0(.1P
[7,99.;102(,/(@0709C;(%18071,9.;1,/(<5-,1.8,7.;(9;1(/,(7095F07,9.=1(
V(028,3./.:,9.=1(09;1=-.9,(40(/,2(70U.;102O(/;(b50(,(25(A0:(F07-.8D,(
/,(,F7;F.,9.=1(V(,95-5/,9.=1(40(8.077,2(V(8077.8;7.;2(F;7(F,780(40(/;2(
F,7,-./.8,702(V(40(252(2;9.;2>(
_j
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
K1(0280(2018.4;O(S0/;:,(-,1.[028=(b50(/,(A074,407,(-.2.=1(40/(40P
1;-.1,4;( I/;b50( I,1,107;( 07,( 7095F07,7( 0/( 9.01( F;7( 9.018;( 40( /,(
09;1;-D,(40(/,(70U.=1(40/("7,3JO(/,(b50(F,7,(0/(/D407(40(/,(0pF,12.=1(
09;1=-.9,(40(/,(&,2,(&,28,T;O(,/.,2(hK/(*7;[0i(07,(9;12.407,4,(9;-;(
h/,(F518,(40(;7;i(40(R,8.1;,-H7.9,(403.4;(,(25(U7,1(F;8019.,/(0287,P
8HU.9;(F;7(9;128.85.7(51,(:;1,(7.9,(01(709572;2(1,857,/02(V(8.077,2O(V(
b50(F;7(80107(,9902;(,(/;2(4;2(-,702(ni20(2,9,3,1(47;U,2(V(20(0187,P
3,1(,7-,2inO(F;7(9;-F701407(0/(/D-.80(9;1(*,1,-J(V(F;7(/,(0pF098,P
8.A,(40(/,(9;1287599.=1(40(/,(AD,(R,(*,1,-07.9,1,(eS0/;:,O(`a\\f>(
'/(702F098;(S0/;:,(G,79D,(409/,7=(b50g(
vwx(S.90180(C,(4.9C;(vwx(b50(/,(9,770807,(9;1(*,1,-J(,/UW1(4D,(8.0P
10(b50(207(51(C09C;(V(A,(,(F,2,7(F;7(,CD>(K18;1902(F;7(02;(0/(;3?08.A;(
40(-;18,7(020(F7;V098;(,CDO(V,(b50(2.(20(-;18,3,(/,(*,1,-07.9,1,(vwx(
b504,7D,(-5V([J9./(F,7,(0pF;78,7(V(,(-5V(3,?;(9;28;(0pF;78,7(020(,90.80(
V(02,(-,1809,(C,9.,(0/(0p807.;7(eS0/;:,O(`aa_P;f>(
'U70U,(,/.,2(h<<i(b50(S.90180(&,28,T;(.-F5/2=(0/(F7;V098;(F,/P
-.95/8;7( 01( hvwx( /,( HF;9,( 01( b50( 0/( U;3071,4;7( 40( '18.;b5.,( 07,(
X/A,7;("7.30(SH/0:O(b5.01(,T;2(402F5H2(9;-;(F702.40180(40(/,(B0FWP
3/.9,(F7;-;A.=(/,(9;1287599.=1(40(/,(*,1,-07.9,1,i(e@KC)*9f>(
@0(.U5,/([;7-,O(1,77,(b50(0/(.1U702;(40/(I/;b50(&,/.-,(nc1,19.,4;(
.1.9.,/-0180(F;7(hC,7.107;2(V(,:59,707;2(40/(S,//0i(V(/50U;(9;1(h70P
9572;2(40(1,79;87,c9,1802i(e@K#)*9O(V(A07(8,-3.H1(&#!O(`a\\P~(!5,1(
&,7/;2(6,78D10:(#.1.28077,fnO(801D,(9;-;(;3?08.A;(h/.-F.,7i(/,(:;1,(
40(/,(R0V(*J0:(F,7,(b50(,/U51;2(0-F702,7.;2(V(;87;2(,98;702(58./.:,7,1(
/,2( A018,?,2( 87.358,7.,2( eS0/;:,O( `a\\f>( @.9C,( 0287,80U.,( 20( ,40/,18=(
9;1(0/(9;1;9.-.018;(40(F;/D8.9;2(40(/,(70U.=1O(01870(0//;2(0/(0p(U;307P
1,4;7(40/(&,59,(!5,1(!;2H(&C,5pO(.1A028.U,4;(F;7(/,(F,7,F;/D8.9,k\O(,(
b5.01(A.195/,(9;1(25(0p87,4.9.=1>(
S0/;:,(,c7-,(b50g(hvwx(2.(1;2;87;2(e/;2(402-;A./.:,4;2f(1;(9;1P
8,-;2(/,(A074,4O(/,(U5077,(20(A,(,(20U5.7(70F.8.014;(01(0/(8.0-F;iO(V(
b50(2=/;(hvwx(9;1(/,2(401519.,2(40(/;2(0p(9;-,14,1802(02(F;2.3/0(
(B*').):K#*'&.g(h'(?5.9.;(0p(U;3071,4;7(!5,1(!;2H(&CJ5p(F;7(yF,7,F;/‡8.9,zi>
k\
ja(
0%.3!1+)'8
40807-.1,7(b5.H102(8.0101(/,2(8.077,2i(eS0/;:,O(`a\\f>('(/,(F70U518,g(
hsK1(-,1;2(40(b5.H1(028J1(/,2(8.077,2(,C;7,ti>(B02F;140g(
h@0(/;2(-.2-;2(0-F702,7.;2(V(3,1,107;2(b50(9;1(2,1U70(C,1(/;U7,4;(
-,180107(25(0-F;7.;(09;1=-.9;(01(/,(70U.=1(40("7,3Ji(eS0/;:,O(`aajP
3f(V(hvwx(40(/;2(F7;-;8;702(40(/,(9;12;/.4,9.=1(V(0pF,12.=1(40(/,(&,2,(
&,28,T;i(eS0/;:,O(`a\\f>
K1(02,(/D10,O(-,1.c028,(b50(0/(
hvwx(9;-3528.3/0(40(/,(U5077,(1;([50(2=/;(0/(1,79;87J[.9;(2.1;(8,-P
3.H1(/,(09;1;-D,(/D9.8,iO(F502(07,(0A.40180(b50(hvwx(C,3D,(y0-F702,2z(
eb50f(028,3,1(4087J2(40(/,(U5077,i(e@K#)*9f>(
@0(028,(-,107,O(8,/(V(9;-;(20(,1519.=(,77.3,O(01(0/(87,129572;(40/(
F7;902;(40(/,(R0V(jkl(40(`aalO(S0/;:,(C,(9,-3.,4;(25(F;2.9.=1(V(C,(
709;1;9.4;( /,( .18019.;1,/.4,4( 40( /;2( -.0-37;2( 40( /,( &,2,( &,28,T;(
,-F/.,4,(40(b504,720(9;1(/,2(8.077,2(40(/,2(F072;1,2([;7:,4,2(,(C5.7O(V(
20(C,(70[07.4;(,/(0-F/0;(40(-04.;2(9;079.8.A;2(8014.01802(,(b5037,1P
8,7(/,(A;/518,4(40(/;2(/0UD8.-;2(F;3/,4;702(40(/,2(:;1,2(40(0pF,12.=1(
40(/,2('&&"O(9;1(0/(c1(40(;3/.U,7/;2(,(A01407(252(F7;F.04,402O(F;P
202.;102( V( 801019.,2( F;7( F709.;2( .77.2;7.;2( 01( 3010c9.;( 40( ,U01802(
/0U,/02(0(./0U,/02g(
vwx(2.(C,V(F702.=1(F,7,(9;-F7,7(02,2(8.077,2(V(C,V(F702.=1(F,7,(b50(
/;2(9,-F02.1;2(,3,14;1,7,1(02,2(8.077,2k`O(018;1902(2D(C,V(51,(F702.=1(
F;7(-04.;(40(/,2(,7-,2(F,7,(F;407(b50(vwx(-59C,2(F072;1,2(9;-F7,P
7,1(8.077,2(,(3,?;(F709.;(eS0/;:,O(`aakPCf>(
6J2(,W1O(0/(0p(9;-,14,180(40/(II(20T,/=(b50g(
vwx(/;2(;3/.U,-;2(,(A01407(/,2(9;2,2(3,7,8,2O(2D(/;2(;3/.U,-;2(,(,3,1P
4;1,7(252(8.077,2O(/;2(;3/.U,-;2(,(,3,14;1,7(25(018;71;([,-./.,7(V(25(
-;4;(40(;37,7O(0/(CJ3.8,8(1;7-,/(40(0//;2(07,(0/(9,-F;(vwx(F,7,(-.(9;1P
90F8;([507;1(9;-F7,4,2(3,?;(F702.=1(V([507;1(9;-F7,4,2(1;(,(A;/518,4(
40(/;2(9,-F02.1;2(2.1;(F;7(10902.4,4(e2.9f(e@K#)*9f>(
(K1(F,78.95/,7(20(C,90(70[07019.,(,(8.077,2(53.9,4,2(01(/,(:;1,(40(#,1(*047;(40("7,3JO(
65/,8;2O(#,1(Q1;[70O(#,1(S.90180(V(R,(#.1,U;U,>(
k`
j\
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
K/(,F7;A09C,-.018;(40/(028,4;(40(.140[012.=1(40(/;2(/0UD8.-;2(8.85P
/,702O(02(9;77;3;7,4;(,2D(F;7(S0/;:,(G,79D,g(
vwx(/;2(C.9.-;2(402F/,:,7O(F;7b50(1;(/02(F07-.8.-;2(70U702,7(,(/,2(
:;1,2O(2.(//0U,3,(,/U51,(F072;1,(018;1902(V;(/02(409D,(/02(F,U;(02,(8.077,(
,(9.195018,(-./(;(,(9.01(-./(F02;2(/,(C098J70,(F;7b50(020(02(0/(A,/;7(2.(
b5.0701O(2.(1;(/,(b5.0701(F07407(8;4,O(/,(U0180([.7-,3,(/,(0297.857,(vwx(
eS0/;:,O(`aa_P4f>
#.-./,7(F;2857,(C,1(801.4;(;87;2(9;-,14,1802O(01870(0//;2O(,/.,2(hK/(
#,-,7.;i(0p(?0[0(40/(E70180(!5,1('147H2(X/A,70:(40/(INO(b5.01(C,(
,c7-,4;(b50(0/(A074,407;(;3?08.A;(40(/,(-,2,970(01(/,(F,790/,9.=1(
40(K/(*7,4;O(01(/,(!,U5,(40(%3.7.9;O(40F,78,-018;(40/(&02,7O(1;([50(
0/.-.1,7(/,(,-01,:,(U5077.//07,(n9;-;(/;(F/,180=(<5U502(B;47DU50:O(
,/.,2(h&;-,14,180(I,73.iO(,/(;7401,7(0/(402F/,:,-.018;(40(/;2(9,-P
F02.1;2n(2.1;(,F7;F.,720(40(h8.077,2(//01,2(40(9,73=1iko>(
'/(h&;-,14,180(I,73.iO(8077,801.0180(902,7.0120(,-.U;(40(h!;7U0(
]ai(20(/0(A.195/,(,/(.1U702;(40(/;2(F,7,-./.8,702(01(020(40F,78,-018;O(
,2D(9;-;(,/(402F;?;(40(8.077,2(b50(C,3D,1(2.4;(,4?54.9,4,2(F;7(0/(K2P
8,4;(,(9,-F02.1;2(V(402F/,:,4;2O(01(/,2(F,790/,9.;102(40(609C;,9J1(
V(K/(*7,4;O(,F7;A09C,14;(25(028709C,(70/,9.=1(9;1([519.;1,7.;2(40/(
%N&Q@KBO(018.4,4(,(/,(b50(/0(409D,1(hE.19;407ik]>(#0(4.90(b50(/,(
0-F702,(%1A072.;102(B;47DU50:(E501802(40(F7;F.04,4(40(25([,-./.,(02(
F7;F.08,7.,(40(9079,(40(A0.18.2.080(-./(C098J70,2(/;9,/.:,4,2(01(/,(-.1,(
K/( @029,12;( 9;1902.;1,4,( ,( /,( -5/8.1,9.;1,/( @75--;14kl>( B;47DP
U50:(20(01950187,(/.370(01(K28,4;2("1.4;2O(/50U;(40(51(F7;902;(40(
10U;9.,9.=1(9;1(0/(G;3.071;(40(020(F,D2(F;7(40/.8;2(40(1,79;87Jc9;(V(
9;1[;7-,9.=1(40(70402(40(/,A,4;(40(,98.A;2>
R;2( 9.8,4;2( 9;-,14,1802( 1;( 2;1( /;2( W1.9;2( b50( 20( C,1( 70[07.4;(
,/(402F;?;(F;7(F,780(40(/;2(-.0-37;2(V(2;9.;2(40(/,(&,2,(&,28,T;>(
(K1870A.28,2(01(/,(9J790/(40(S,//045F,7(V(40(S074,4'3.078,g(hR,(A072.=1(40(#,-,7.;(
2;370(/,(@75--;14(V(/;2(F,7,2i>
k]
(K1870A.28,(70,/.:,4,(,(A,7.;2(40(/;2(F;285/,4;2(40(!528.9.,(V(*,:(01(/,(9J790/(40(S,P
//045F,7O(9;1(F;285/,4;2(709/5.4;2(01(9J790/02(40(I,77,1b5.//,O(6;1807D,(V(S,//045F,7>
kl
(K/($.0-F;g(h$07907,(F,780(40(-.1,(40(9,73=1(-J2(U7,140(40(R,8.1;,-H7.9,(02(40(
51(F,7,-./.8,7i>
ko
j`(
0%.3!1+)'8
$,-3.H1( ,/.,2( h@;3/0( &07;iO( ,1802( 40( 25( ,202.1,8;O( 9;18=( 9=-;O( ,(
4.[07019.,( 40( /,2( 9;-F7,2( 40( /,2( -0?;702( 8.077,2( 70,/.:,4,2( F;7( 1,7P
9;87,c9,1802( 01( /,( 4H9,4,( 40( /;2( ;9C018,( 40/( 2.U/;( ††O( 01( 0/( S,//0(
40/(&,59,O(01(/;2(A,//02(40/(6,U4,/01,(V(40/(#.1W(V(01(70U.;102(40/(
R.8;7,/( &,7.30O( 4;140( 20( F,U,7;1( hF709.;2( .1d,4;2i( 40c1.4;2( F;7(
0/.802(,12.;2,2(40(h402/.U,720(40/(9,-F;i(e&.A.9;O(`aajfO(/;2(,/.,4;2(
01(0/(1,79;87Jc9;g(F,7,-./.8,702(h-,c;2;2(V(vwx(,/U51;2(-.0-37;2(
.102975F5/;2;2(40(/,2('"&(V(40(252(,//0U,4;2i(,4b5.7.07;1(h8.077,2(
3,7,8,2i(40(/;2(402F/,:,4;2(e@KC)*9f>(
K1(02,(01870A.28,(,/.,2(h@;3/0(&07;i(,c7-=(b50g(
hvwx(01(0/(N;780(40/(S,//0(vwx(C,V(-51.9.F.;2(9;-F/08;2(b50(2;1(40(
51,(F072;1,(;(4;2iO(01870(0//,2(-019.;1=(,(@.0U;(6;18;V,(V(<071,14;(
G=-0:O(,/.,2(hB,2U5T;iO(40(b5.0102(20(b504,7;1(9;1(/,2(8.077,2(40(252(
F;3/,4;702(,(/;2(b50([;7:,7;1(,(402F/,:,720(;(,(A01407(e&.A.9;O(`aajf>(
MKNK*R-,-"=&%$7."-1*A*:1:6":(,:$"&.1*7-/*7-10.9.*
A*$O$%7.%.*6."'$7.*
K1( 0280( ,F,780( 20( 9;-018,1( /,2( A072.;102( 70/,9.;1,4,2( 9;1( b5.0P
102( [507;1( /;2( 402F;?,4;702( n40807-.1,4;702( ;( ,58;702( .180/0985,P
/02nO(/;2(9=-F/.902(V(/;2(b50(20(3010c9.,7;1(40/(,3,14;1;([;7:,4;(40(
8.077,2(407.A,4;(40/(402F/,:,-.018;(V(;87,2(A.;/,9.;102(40(40709C;2(
C5-,1;2(F07F087,4,2(F;7(/;2(U75F;2(F,7,-./.8,702>(
MKNKJK*8($0$"$=&-%,.*7-*,&-""$1*0."*=&-=O".1*P&1&O/-1*7-*
/$1*8S;
'(F,78.7(40/(7,1U;(40(hF,875//07;2i(V(h-,14;2(3,?;2i(b50(;95F,P
3,1(/,(-,V;7(F,780(40(/;2(402-;A./.:,4;2PF;285/,4;2O(40(51,(F,780O(
V(40/(70459.4;(1W-07;(40(3.0102(.1-503/02(01870U,4;2(,/(E;14;(40(
B0F,7,9.=1(40(SD98.-,2O(40(/,(;87,(n9,FD85/;(95,78;nO(F,709.07,(b50(
/;2(,95-5/,4;702(40(/,2(8.077,2([507;1(/;2(9;-,14,1802(V(-.0-37;2(
40/(K28,4;(6,V;7(40(/,2('"&(9;12;/.4,4,2(,(F,78.7(40(/,(&,2,(&,28,P
T;O(V,([507,(F,7,(25(F7;F.;(F7;A09C;(;(F,7,(01U7;2,7(/,2(,79,2(40(/,(
U5077,>(N;(;328,180O(/,(.4018.c9,9.=1(40(/;2(3.0102O(01(02F09.,/(40(/;2(
.1-503/02(757,/02(40(/;2(.180U7,1802(4.7098;2(40/(F,7,-./.8,7.2-;(n01P
jo
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
8014.014;(F;7(028;2(40(-,107,(70287.98.A,(,(/;2(b50(20(402-;A./.:,7;1(
V(20(F;285/,7;1(,(/,(R0V(jkl(40(`aalO(2.1(F07?5.9.;(40(b50(20(87,8,7,(
40(F,7,-./.8,702(01(0/(10U;9.;(40(/,2(47;U,2(ehF,7,1,79;2if(;(40(/;2(
h#0T;702(40(/,(@7;U,i(b50(01U7;2,7;1(252(c/,2(eh1,79;F,7,2ifk^nO(20(
/.-.8,(,(/;2(b50(C,1(;[709.4;(;(01870U,4;(3.0102(,/(E;14;(40(B0F,7,P
9.=1(40(SD98.-,2(V(,(,b50//;2(;87;2(2;370(/;2(b50(20(257801(F7;902;2(
40(0p8.19.=1(40(4;-.1.;(F;7(1,79;87Jc9;(V(/,A,4;(40(,98.A;2(;(,(/;2(
b50(C,1(-019.;1,4;(01(,/U51,2(409/,7,9.;102(V(A072.;102(/.3702kk>
S0/;:,(G,79D,(V(B014=1(<07707,(7095770180-0180(20(C,1(70[07.4;(,(
S.90180(&,28,T;O(,/.,2(hK/(*7;[0i(;(h),75-;iO(9;-;(0/(U7,1(,9,F,7,P
4;7(40(8.077,2(01(/,(70U.=1(40("7,3J(V(01(;87,2(:;1,2(40/(F,D2>(K/(F7.P
-07;(9;18=(2;370(/,(;3202.=1(40(&,28,T;(40(,F;407,720(40(807701;2(
01(/;2(//,1;2(Q7.018,/02(9;1(0/(c1(40(hvwx(;95F,7(/,(-,V;7(0p8012.=1(
8077.8;7.,/(F,7,(25(4020,4;(95/8.A;(40(F,/-,i>(K1(0/(F7;902;(9;187,(0/(
0p(U;3071,4;7(40/(G5,A.,70(20T,/=g
vwx(y*,9C.8;(&,2,1,70z(07,(0/(019,7U,4;(40(9;-F7,7(8.077,2(01(S.9C,4,(V(&,2,1,70(vwx(
y*,9C.8;z(07,(0-F/0,4;(40/(20T;7(R=F0:(&,4,A.4(e&#!O(`a\\(P(Q29,7(40(!02W2(R=F0:(
&,4,A.4O(0p(U;3071,4;7(40/(40F,78,-018;(40/(G5,A.,70f>
K/(0p(U;3071,4;7(40/(G5,A.,70([50(9;1401,4;(F;7(,2;9.,720(9;1(
S.90180(&,28,T;O(/D407(40/(I/;b50(&018,57;2O(9;1(6,150/(40(!02W2(*.P
7,3J1O(,/.,2(h!;7U0(*.7,8,iO(0p(9;-,14,180(40/(I/;b50(.140F014.0180(
40(/;2(R/,1;2(Q7.018,/02O(V(F;7(207(2;9.;(40(Q/.A07;(G507707;(&,28.//;O(
,/.,2(h&59C.//;iO(970,4;7(40/(KB*'&(V(40/(C07-,1;(40(hK/('/0-J1O(
(K1870(/;2(F7.-07;2(20(01950187,1(&,7/;2(6,7.;(!.-H10:O(,/.,2(h6,9,9;iO(V(,/.,2(h!5P
/.J1(I;/DA,7iO(0p(9;-,14,1802(40/(I/;b50(&0187,/(I;/DA,7O(V(/;2(C07-,1;2(60?D,(6W10P
7,O(402-;A./.:,4;2(40/(I/;b50(&0187,/(I;/DA,7(V(0/(E70180(S01904;702(40('7,59,O(702P
F098.A,-0180>(K1870(/;2(20U514;2(@.0U;(6;18;V,O(,/.,2(h@;1(@.0U;iO(?0[0(40/(&,780/(
40/(N;780(40/(S,//0O(V(<071,14;(G=-0:(I528,-,180O(,/.,2(hB,2U5T;iO(c1,19.,4;702(
40/(I/;b50(&,/.-,(V(40(9,-F,T,2(F;/D8.9,2(eS07g(&#!O(`a\\P~(P(!5,1(&,7/;2(6,78D10:(
#.1.28077,fO(V(U7,1402(9;190187,4;702(40(8.077,2>(
kk
(K280(02(0/(9,2;O(F;7(0?0-F/;O(40(/;2(3.0102(,1519.,4;2(01(/,(9;-51.9,9.=1(4.7.U.4,(
F;7(E7,19.29;(!,A.07(+5/5,U,(R.14;O(,/.,2(hG;74;/.14;i(n1,79;87,c9,180(b50(20(402P
-;A./.:=(9;1(0/(I/;b50(*,9Dc9;nO(,(K45,74;(*.:,77;O(01(25(9,/.4,4(40(F702.40180(40(
/,(&;-.2.=1(N,9.;1,/(40(B0F,7,9.=1(V(B09;19./.,9.=1O(01([03707;(40(`aak(eK1g(h#0(/0(
.19,58,7;1(\\a(F7;F.04,402(9;1(c102(40(0p8.19.=1O(,A,/5,4,2(01(A0.180(-./(-.//;102(40(
F02;2i>(K1g(S074,4'3.078,g(h'(?5.9.;(0p(U;3071,4;7wO(QF>(&.8>f>
k^
j](
0%.3!1+)'8
E071,14;(B014=1(R,A0740O(,/.,2(h*.F0i(;(hR;7,85078,iO(01(/,(0-F70P
2,(401;-.1,4,(KpF/;7,9.=1(V(KpF;78,9.=1(6.107,(40/(R/,1;(R84,>
'(028;2(F704.;2(20(25-,1(/;2(40297.8;2(01(/,2(409/,7,9.;102(40(;87;2(
-.0-37;2(40(02,(;7U,1.:,9.=1O(F;285/,4;2(,(/,(R0V(jkl(40(`aalO(01870(
0//,2(/,2(A072.;102(2;370(4;90(-./(C098J70,2(/;9,/.:,4,2(01(/;2(40F,7P
8,-018;2(40/(608,(V(G5,A.,70(40(0p(-.0-37;2(40/(I/;b50(&018,57;2(
40(/,2('"&O(b50([50(9;-,14,4;(F;7(S.90180(&,28,T;(V(6.U50/('77;P
V,30O(V(40/(I/;b50(40(/;2(R/,1;2(V(G5,A.,70O(/,2(b50(,985,/-0180(2;1(
4.2F58,4,2(F;7(0/(C07-,1;(40(hK/('/0-J1iO(@,1.0/(B014=1(<07707,O(
,/.,2(h@;1(6,7.;iO(0/(9;18,4;7(40/(I/;b50(&018,57;2O(V(F;7(@5-,7(
40(!02W2(G507707;O(,/.,2(h&,70959C.//;iO(C07-,1;(40/([,//09.4;(0p(9;P
-,14,180( 40/( KB*'&O( ,/.,2( h&59C.//;i( V( 6,150/( 40( !02W2( *.7,3J1O(
,/.,2(h!;7U0(*.7,8,iO(01870(;87;2(40(/;2(.180U7,1802(40(/;2([701802(V(3/;P
b502(b50(;F07,7;1(01(/,(70U.=1(;7.018,/(40(&;/;-3.,k_>
K1( 95,18;( ,( $;A,7( *5F;O( 01( 0/( F7;902;( 40( !528.9.,( V( *,:( 20( C,(
F7;3,4;(/,(9;11.A019.,(9;1(207A.4;702(FW3/.9;2(F,7,(,F;407,720(40(
c19,2(40(9,-F02.1;2(20T,/,4;2(9;-;(-.0-37;2(40(/,(U5077.//,(01(/;2(
40F,78,-018;2(40/(6,U4,/01,(V(40/(&02,7O(,(87,AH2(40(,-01,:,2O(,20P
2.1,8;2(V(402F/,:,-.018;2(V(/,2(9;-F7,A018,2(F;7(403,?;(40/(F709.;(
70,/O(,2D(9;-;(40(-04.,1;2(V(U7,1402(F7;F.08,7.;2g(hvwx(c19,(b50(/0(
U528,3,(07,(c19,(b50(F,2,3,(,(252(-,1;2ikjO(/,2(b50(;95/8,3,(,(87,AH2(
40( 51,( 9,401,( 40( 8028,[077;2O( 01870( /;2( 95,/02( 20( 01950187,1( A,7.;2(
40(252(,3;U,4;2(V(F072;1,2(9079,1,2i_a>(S,7.;2(40(/,2(AD98.-,2(b50(
C,1(2;/.9.8,4;(,(h!;7U0(]ai(/,(40A;/59.=1(40(252(8.077,2(,c7-,1(b50(
h[507;1(402,/;?,4,2(F;7('5U528;(&,287;(*,9C09;O(,/.,2(h$58;ih(e&!!O(
`a\\P4(P(!;2H(@;-.1U;(@JA./,('7-018,f>
K1870(;87;2(402-;A./.:,4;2(40(/,2('58;40[012,2("1.4,2(40(&;/;-P
3.,(-019.;1,4;2(F;7(S0/;:,(V(6,1952;(9;-;(,9,F,7,4;702(40(8.077,2(
20(01950187,1(h6;1;/09C0i(V(/;2(h1,79;F,7,2iO(0p87,4.8,4;2(,(K28,P
4;2("1.4;2O(B,-.7;(S,1;VO(,/.,2(h&59;(S,1;Vi(;(0/(h#0T;7(40/(I,?;(
S074,4'3.078,>9;-O(sZ5.H1(-.0180(01870(h@;1(6,7.;i(V(*.7,8,it(V(h@;1(6,7.;i(
4.90(b50(](-./(C098J70,2(40(F,/-,(028J1(01(F;407(40(hF,7,2i>
kj
(K1870A.28,2(9;1(F;285/,4;2(01(/,(9J790/(40(S,//045F,7>
_a
(@KC)*9>
k_(
jl
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
&,59,O(b5.01(,F,70180-0180(F;7(25(0pF07.019.,(01(/,2(-.1,2(40(02-0P
7,/4,2(01(65:;O(I;V,9JO(9;-,14=(0/(I/;b50(6.107;2O(&,7/;2(6,7.;(
!.-H10:O(h6,9,9;iO(0p?0[0(40/(I/;b50(&0187,/(I;/DA,7(V(@.0U;(E07P
1,14;(657.//;O(,/.,2(h@;1(I071,iO(0p(9;-,14,180(40/(U75F;(<H7;02(
40( $;/;AJ( e6,1952;( V( S0/;:,O( `a\\fO( b5.0102O( ?518;( 9;1( E7,19.29;(
!,A.07(+5/5,U,O(20(01950187,1(01870(/;2(F;285/,4;2(b50(C,1(;[709.4;(
-,V;7(1W-07;(40(3.0102(,/(E;14;(40(B0F,7,9.=1(40(SD98.-,2(V(,(/;2(
b50( 20( /02( C,1( .19,58,4;( 3.0102( b50( 028J1( ,[098,4;2( ,( F7;902;2( 40(
0p8.19.=1(40(4;-.1.;(F;7(1,79;87Jc9;_\>
'/U51;2(40(/;2(9.8,4;2(9;.19.401(9;1(/;2(20T,/,4;2(F;7(0/(,202.1,4;(
0p(9;-,14,180(-./.8,7(h@;3/0(&07;i(01(/,(01870A.28,(9;1(0/(F07.;4.28,(
'/4;(&.A.9;g(h6,9,9;i(e9.195018,(-./(C098J70,2fO(h@;1(I071,i(e95,P
7018,( V( 9.19;fO( 6,1952;( eA0.18.9.19;( -./( C098J70,2fO( h&59;( S,1;Vi(
eA0.18.95,87;(-./f(V(h6;1;/09C0i(eA0.180(-./f(e&.A.9;O(`aajfO(F,7,(51(
8;8,/(40(9.018;(202018,(V(95,87;(-./(C098J70,2>(
*MKNKLK*!,".1*$#-%,-1*-(.%)=&(.1*O-%-H(&$"&.1*
7-/*7-1,&-"".
@0(/,2(A072.;102(V(/,2(70A0/,9.;102(01(/;2(F7;902;2(40(!528.9.,(V(*,:O(
01(/;2(F7;902;2(40(hF,7,F;/D8.9,i(V(hF,7,09;1;-D,i(,180(/,(?528.9.,(
;74.1,7.,(V(01(/;2(C09C;2(4;95-018,4;2(2;370(F7J98.9,2(40(402F;?;(
,4-.1.287,8.A;(V(?54.9.,/(,(/;(/,7U;(40(/,(U0;U7,[D,(40/(F,D2(ehF,7,.128.P
859.;1,/.4,4ifO(,/U51;2(40(/;2(95,/02(C,1(4,4;(/5U,7(,(409.2.;102(40(/,(
E.29,/D,(01(0/(-,79;(40(/,(R0V(jkl(40(`aalO(20(F5040(40459.7(b50(01870(
/;2(-,V;702(3010c9.,7.;2(40(/,(F7.A,9.=1(A.;/018,(40(/;2(40709C;2(40(
(@D,2(,1802(40(/,(0p87,4.9.=1(40(6,9,9;O(/,(E.29,/D,(.1[;7-=(2;370(/,(.19,58,9.=1(40(
`l(.1-503/02(b50(cU57,3,1(,(1;-370(40(252([,-./.,702>(K1(`aa_O(020(;7U,1.2-;(20P
T,/=(b50(,(6,1952;(20(/0(C,3D,1(.19,58,4;(3.0102(b50(cU57,3,1(,(1;-370(40(A,7.;2(
40(252(8028,[077;2O(01870(/;2(95,/02(20(-019.;1=(,(‚01.,(G=-0:O(#;7($0702,(G=-0:O(
I01.8;(Q2;7.;O(E51F,:9;7(V(,/([,//09.4;('22.2(#;/,7>('(@.0U;(657.//;O(b5.01(,1802(40(25(
0p87,4.9.=1(-,1.[028=(1;(80107(3.0102(F,7,(70F,7,7(,(/,2(AD98.-,(20(/0(.19,58,7;1(;9C;(
.1-503/02(/;9,/.:,4;2(01(S,//0(40/(&,59,(V('18.;b5.,(V(,(,/.,2(hG;74;/.14;iO(b5.01(028J(
.1A028.U,4;(F;7(252(10p;2(9;1(/;2(1,79;87,c9,1802(b50(.180U7,1(0/(//,-,4;(&/,1(Q9C;,(
V( 9;1( @.0U;( 6;18;V,O( 20( /0( .19,58,7;1( \\a( 3.0102( 53.9,4;2( 01( &,59,O( '18.;b5.,( V(
&514.1,-,79,(eS07g(#,/.1,2O(`aa_f>
_\
j^(
0%.3!1+)'8
F7;F.04,4(V(F;202.;102(40(/,2(AD98.-,2(20(01950187,1(F;/D8.9;2O(3,P
1,107;2O(U,1,407;2O(,U7.95/8;702(V(0-F702,7.;2>(01870(;87;2>('/U51;2(
40( [;7-,( 4.7098,O( 01( 02F09.,/( /;2( -.0-37;2( ,98.A;2( V( ;7UJ1.9;2( 40(
/,(9,52,(F,7,-./.8,7(b50(F/,10,7;1O( c1,19.,7;1( 0(C.9.07;1( F,780(40/(
F7;F=2.8;(40(h70[514,7(/,(F,87.,iO(,2D(9;-;(40(/,2(,99.;102(97.-.1,/02(
F,7,( /;U7,7/;O( 2.1( F07?5.9.;( 40( b50( 1;( 85A.07;1( b50( 402-;A./.:,720(
F502(1519,(h20(-;A./.:,7;1i(e$#!*O(`a\aP,(PK4Y,7(&;3;2($H//0:(V(
"307( K17.b50( I,1b50:( 6,78D1f>( *709.2,-0180O( 028,( 02( /,( 7,:=1( F;7(
/,( 95,/( /,( &;780( #5F70-,( 40( !528.9.,( 028.-=( b50( b5.0102( A,/.H14;20(
40(25([519.=1O(F,78.9.F,7;1(01(/,(0-F702,(97.-.1,/(40301(702F;1407(
F01,/-0180(F;7(/;2(97D-0102(40(/02,(C5-,1.4,4(F07F087,4;2(F;7(/;2(
9;-,14,1802(V(U75F;2(b50(C,9D,1(F,780(40(/,(h,2;9.,9.=1(97.-.1,/iO(
02(409.7(40(b5.0102(.19577.07;1(01(9;19.078;(F,7,(40/.1b5.7(,U7,A,4;O(
9;1401,4;2(;(1;(e&#!O(`aaj(#,/A,4;7('7,1,(#52f>
K1(020(2018.4;O(h<<i(20(C,(70[07.4;(01(A,7.,2(;F;7851.4,402(,(/;2(
402F;?,4;702(h/0U,/02iO(02(409.7O(0-F702,7.;2(9=-F/.902(;(b50(20([,P
A;709.07;1(40/(,99.;1,7(F,7,-./.8,7(eS0/;:,O(`a\\f>(*;7(25(F,780O(!,.7;(
&,28.//;(*07,/8,O(,/.,2(h*.8.77.i(C,(409/,7,4;(b50(hvwx(-.0187,2(51;2(
.3,1(-,8,14;O(;87;2(9;-F7,14;(V(;87;2(/0U,/.:,14;i_`>(K/(8028.U;(40(
A,7.;2(40(/;2(F7;902;2(40(F,7,F;/D8.9,(1,77=(4;2(01950187;2(9;1(6,7.;(
"7.30(K29;3,7(n9;1401,4;(F;7(/,(&;780(#5F70-,(40(!528.9.,(F;7(252(
10p;2(9;1(/,(F,7,F;/D8.9,(e&!!O(`a\\P9(P(6,7.;("7.30(K29;3,7fn(01(/;2(
b50(F,78.9.F,7;1(0p(?0[02(F,7,-./.8,702(9;-;(r407(*047,:,(*0T,O(,/.,2(
hB,-=1(6;?,1,iO(V(01(/;2(b50(20(40c1.=(/,(0287,80U.,(F,7,(,4b5.7.7(
8.077,2(01870(&,59,2.,(V(6,?,U5,/O(:;1,(,U7;F095,7.,(b50(9;-F,7801(
/;2(40F,78,-018;2(40('18.;b5.,O(#5970(V(I;/DA,7>(K1870(/;2(F704.;2(
20/099.;1,4;2(20(01950187,(R,('/0-,1.,O(01(Q1;[70O(#5970_oO(F7;F.0P
4,4( b50( F702518,-0180( [50( 402F;?,4,( F;7( h&,401,i( ,( 9.195018,( V(
4;2([,-./.,2(b50(/,(709/,-,1O(40(/,2(95,/02O(,(-,V;(40(`a\aO(b5.190(40(
252(-.0-37;2(C,3D,1(2.4;(,202.1,4,2(20UW1(0/(6;A.-.018;(40(SD98.P
-,2(40(&7D-0102(40(K28,4;_]>
(S07g(C88Fgqq.A,1P90F04,>3/;U2F;8>9;-q`a\aƒ\`ƒa\ƒ,79C.A0>C8-/
(S07g(B0A.28,(7.9K#(g(h*7.-;(01(F7;3/0-,2i>(
_]
(K1870A.28,(9;1(AD98.-,2>(
_`
_o
jk
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
R,(,95-5/,9.=1(01(/,(801019.,(40(/,2(8.077,2(,(-01;2(F709.;(V(-0P
4.,180( 0/( 01U/;30( 40( F704.;2( 40( 8077,801.01802O( C,9014,4;2( V( ;87;2(
,52F.9.,4;702(V(9;/,3;7,4;702(40(/,2('&&"O(8,-3.H1(C,(2.4;(40297.8,(
F;7(A072.;1,4;2>(6,1952;(9;-018,(0/(9,2;(40(51(U,1,407;(40(&=7P
4;3,(b50(F;200(-J2(40(\la(-./(C098J70,2(9;-F7,4,2(,/(,-F,7;(40/(
8077;7(b50(9,52,7;1(U5077.//,2(V(F,7,-./.8,702O(V(,(b5.01(,c7-,(C,307/0(
2,/A,4;(/,(A.4,(95,14;(&,7/;2(&,28,T;(;7401=(,202.1,7/;(F;7(AD195/;2(
9;1(/;2(253A072.A;2(e6,1952;O(`a\\f>(
K1870(/;2(h01U/;3,4;702i(20(C,(-019.;1,4;(,(#,18,1407(&;C01O(
A.195/,4;(,(/,(-,2,970(40(K/(#,/,4;(V(709;74,4;(F;7(0p801407(hvwx(
40([,98;(/;2(/D-.802(40(252(F7;F.04,402i(e&NBBPG6<O(`a\aP,(V(&&!O(
`a\af>(
*07;O(.14.2958.3/0-0180(0/(9,2;(-J2(70F702018,8.A;(40(0-F702,7.;2O(
8077,801.01802O(F;/D8.9;2(V(U,1,407;2(b50(20(,F7;F.,7;1(40(8.077,2(40(
/,2( b50( C,3D,1( 2.4;( 402,/;?,4;2( 252( /0UD8.-;2( 8.85/,702O( 02( 0/( 40( /,2(
9;-51.4,402(10U7,2(40(!.U5,-.,14=(V(&57A,7,4=(01(0/(I,?;('87,8;>(
'2D-.2-;O(;87;2(,98;702(09;1=-.9;2(20([,A;709.07;1(4.7098,-01P
80( 0( .14.7098,-0180( 9;1( 0/( ,99.;1,7( F,7,-./.8,7>( K1870( /;2( F7.-07;2(
20( 9.8,( [70950180-0180( ,( SD98;7( &,77,1:,O( 0/( h+,7( 40( /,2( K2-07,/P
4,2iO(9;12.407,4;(9;-;(51;(40(/;2(-,V;702(8077,801.01802(40/(F,D2O(
40(b5.01(20(4.90(b50(C,90(A,7.;2(,T;2(90/037=(C,307(//0U,4;(,/(-.//=1(
40( C098J70,2_l>( S,7.;2( 40( /;2( F;285/,4;2O( 01870( 0//;2( 6,1952;( V( /;2(
C07-,1;2(E704V(V(@,1.0/(B014=1(20(C,1(70[07.4;(,/(,F;V;(c1,19.07;(
V(,(/;2(F07-.2;2(;3801.4;2(40(&,77,1:,(F,7,(;F07,7(01(252(:;1,2(40(
.1d5019.,>( K2F09Dc9,-0180O( @,1.0/( B014=1( 1,77=( 0/( 709;77.4;( F;7(
60208,2O(40F,78,-018;(40/(608,O(9;1(0/(;3?08.A;(40(h4.A.2,7(51,2(8.0P
77,2(4;140(&,77,1:,(b507D,(.1A078.7i_^>
K1870(/;2(20U514;2O(20(F50401(019;187,7(,/U51;2(40(/;2(9;-F7,4;P
702(-,2.A;2(40(8.077,2(01(/,2(70U.;102(402C,3.8,4,2(9;-;(0[098;(40(/,2(
U7,A02(A.;/,9.;102(40(40709C;2(C5-,1;2(F07F087,4,2(F;7(/;2(U75F;2(
(R,(#.//,(S,9D,g(h&.19;(9;2,2(b50(F;47J(C,907(#,18;2(F;7(/,2(AD98.-,2(01(A0:(40(-,7P
9C,7i>
_^
(B*').):K#*'&.>(h$.077,2g(s/,(;87,(U5077,(F,7,-./.8,7(01(/;2(R/,1;2ti>
_l
j_(
0%.3!1+)'8
51.c9,4;2(F;7(/,(&,2,(&,28,T;>(&;-;(20(20T,/=O(02(51(40307(-;7,/(
V(/0U,/(40(/,2(F072;1,2(1,857,/02(V(?57D4.9,2(b50(,4b5.7.07;1(8.077,2(01(
028,2(:;1,2(F7;3,7(01(/;2(F7;902;2(?54.9.,/02(40(7028.859.=1(b50(70U5/,(
/,(R0V(40(SD98.-,2(25(h3501,([0(0p018,(40(95/F,i(V(/,(0p.28019.,(h40/(
?528;(8D85/;(40/(40709C;iO(V,(20,(F,7,(70.A.14.9,7(252(40709C;2(2;370(
/;2(F704.;2(;(F,7,(207(3010c9.,7.;2(40(/;2(9;187,8;2(40(52;(;(40(/,2(
9;-F012,9.;102(01(/;2(9,2;2(01(b50(20(;74010(/,(7028.859.=1(,([,A;7(
40(/,2(AD98.-,2(e,78D95/;2(__O(j\O(j_(V(jj(40(/,(R0V(\]]_(40(`a\\f>(
MKcK*?Q,"$7&(&.%-1*A*P-"7$7*
K/(\o(40(-,V;(40(`aa_O(0/(G;3.071;(9;/;-3.,1;(8;-=(/,(409.2.=1(
40(0p87,4.8,7(,(9,8;790(0p(?0[02(40(/;2(U75F;2(F,7,-./.8,702(402-;A.P
/.:,4;2(V(F;285/,4;2(,(/,(R0V(jkl(40(`aalO(01870(0//;2(95,87;(40(/;2(
20/099.;1,4;2(F,7,(028,(.1A028.U,9.=1(b50(C.9.07;1(F,780(40/(K28,4;(
6,V;7(40(/,2('58;40[012,2g(6,1952;O($;A,7(*5F;(V(G.7,/4;(#071,_k>(
"1;2(4D,2(,1802(C,3D,(2.4;(0p87,4.8,4;(S0/;:,>(&;187,(0//;2(20(,40P
/,18,1(F7;902;2(01(K28,4;2("1.4;2(F;7(9;12F.7,9.=1(V(F;7(-,15[,9P
857,7(V(4.287.35.7(9;9,D1,(9;1(0/(F7;F=2.8;(40(.187;459.7/,(,(020(F,D2__>(
#.1(/5U,7(,(454,2O(25(0p87,4.9.=1(/.-.8,(/,2(F;2.3./.4,402(40(9;1;907((
(*7;902;2g("#'(A>(&,28,1;PG./O(08(J/>O(&,20(•g(\ga`P97Paao__PK#<P`>(@.287.98(;[ (&;P
/5-3.,O(L,2C.1U8;1O(@>(&>u("#'(A>(G,79.,O(&,20(•g(\gakP97Paa`k]P(L<*P\O(,q~q,>("#'(
A>(G.7,/4;P#071,(08(J/>O(&,20(•g(\ga]P97Paa\\]PBILP\O(V(,q~q,>("#'(A>(G.7,/4;P#071,(
08(J/>O(&,20(•g(\ga]P97Paa\\]PBILPj>(@.287.98(;[ (&;/5-3.,O(L,2C.1U8;1O(@>(&>O(702F09P
8.A,-0180>(K1g(%<BR&O(`a\a>
__
(R;2(;87;2(40(/;2(0p9;-,14,1802(0p87,4.8,4;2(9;7702F;1401(,(1,79;87,c9,1802(b50(
-58,7;1(,(F,7,-./.8,702(V(95V;2(U75F;2(C.9.07;1(F,780(40(/,(9;1[0407,9.=1(40([0407,P
9.;102(b50(70F702018,7;1(/,2('"&>(K1870(028;2(20(01950187,1g(&,7/;2(6,7.;(!.-H10:(
N,7,1?;O(,q~q,(h6,9,9;i>("#'(A>(N,7,1?;O(08(,/>O(&,20(•g(\galP&BPaa`olPB6&([email protected]
87.98(&;578(;[ (&;/5-3.,>(L,2C.1U8;1O(@>(&>(V("#'(A>(N,7,1?;O(08(,/>O(&,20(•g(_ga`P97P
aa]_`P!@LPK'!P\>(6.44/0(@.287.98(;[ (E/;7.4,O($,-F,O(G5.//07-;(*H70:('/:,80O(,q~q,(
h*,3/;( #0A.//,1;i>( "#'( A>( *070:P'/:,80( 08( J/>O( &,20( •g( _ga`P97Paa]_`P!@LPK'!P\>(
6.44/0( @.287.98( ;[ ( E/;7.4,O( $,-F,O( E7,19.29;( !,A.07( +5/5,U,( R.14;O( ,q~q,( hG;74;(
R.14;i>( "#'( A>( I071,/P6,47.U,/O( 08( J/>O( &,20( •g( agjjP97Pa^\loP‚66P`]>( #;58C071O(
@.287.98( ;[ ( E/;7.4,O( E8>( R,54074,/0O( @.0U;( E071,14;( 657.//;( I0?,7,1;O( ,q~q,( h@;1(
I071,i>("#'(A>(657.//;PI0?,7,1;O(08(J/>O(&,20(•g(\gaoP97Pa\\__PB6IP\>(#;58C071(@.2P
87.98(;[ (N0Y();7~O(E;/0V(#b5,70(K1g(%<BR&O(`a\a>
_k
jj
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
b5.H102(2;1(/;2(702F;12,3/02(V(525[75985,7.;2(40/(,3,14;1;([;7:,4;(
V(0/(402F;?;(40(8.077,2O(8077.8;7.;2(V(709572;2(1,857,/02(01(/,2(70U.;P
102(01(b50(0?079.07;1(9;187;/(/,2(028759857,2(F,7,-./.8,702O(/;(b50(20(
9;1cU57,(01(51,(-;4,/.4,4(40(.-F51.4,4(9;187,(/;2(F07F087,4;702(
4.7098;2(0(.14.7098;2(40(U7,A02(40/.8;2(40(/02,(C5-,1.4,4O(2.85,9.=1(
b50(C,90(-J2(9;-F/0?,(V(4.[D9./(/,(/,3;7(40(7028.85.7/02(/;2(F704.;2(,(
/,2(AD98.-,2>(
R;(,1807.;7( 20(A0(,U7,A,4;(01(/,(-04.4,(01(b50O(9;-;(/;(20T,/,(
6,1952;O(F020(,(/,(A;/518,4(40([519.;1,7.;2(9;/;-3.,1;2(V(40(K28,P
4;2("1.4;2O(hNQ(K†%#$K("N($B'$'@Q(@K(&QQ*KB'&%{N(
!"@%&%'R(KN$BK(K#$'@Q#("N%@Q#()(&QRQ6I%'(b50(F07P
-.8,(4,7(9;18.15.4,4(,/(F7;902;(40(!528.9.,(V(*,:i(e6,1952;O(`aajP,(P(
-,VW295/,2(01(80p8;(0/(;7.U.1,/f>(
#0UW1( 0/( 0p( 9;-,14,180( 40/( I/;b50( N;780O( b5.01( C,( F,78.9.F,4;(
9;-;(8028.U;(01(A,7.;2(F7;902;2(40(/,(F,7,F;/D8.9,O(9;1(25(0p87,4.9.=1(
h.180-F028.A,(0(.10pF/.9,3/0i(e6,1952;O(`a\\fO(20(87519=(/,(F;2.3./.P
4,4(40(,F;78,7(01(/,(9;1287599.=1(40(/,(A074,4(V(/,(-0-;7.,>(#.(3.01O(
#,/A,8;70(6,1952;(-,1.c028,(25(9;-F7;-.2;(9;1(0/(F7;902;(40(!52P
8.9.,( V( *,:O( 409.4.=( 9;18.15,7( F,79.,/-0180( 01( 0/( -.2-;O( ,459.014;(
b50( 1;( 0p.2801( 9;14.9.;102( 40( 20U57.4,4( F,7,( 25( 018;71;( [,-./.,7g(
hvwx( 8;4,( -.( [,-./.,( V( -.2( 8702( C.?;2( A.A01( 01( &;/;-3.,i( e@K#)*9fO(
hvwx( ,( -.( F,470( V( ,( -.( C.?;( -,V;7( /02( 10U,7;1( /,( 701;A,9.=1( 40/(
2,/A;9;14598;( F,7,( F;78,7( ,7-,2i>( K28,2( V( ;87,2( 70d0p.;102( /,2( C,(
0pF5028;(01(9;-51.9,9.;102(01A.,4,2(,([519.;1,7.;2(9;/;-3.,1;2(0(
.18071,9.;1,/02O( 40( /,2( 95,/02( ,c7-,( 1;( C,( ;3801.4;( 702F5028,( e@K#W
)*9f>(K1(/,(70-.8.4,(01(20F8.0-370(40(`aajO(,40-J2(40(95028.;1,7(0/(
F7;902;(40(/,(R0V(jkl(40(`aal(V(40([0/.9.8,7(,(/,(&;780(#5F70-,(40(
!528.9.,( F;7( 10U,7( /,( 0p87,4.9.=1( 40( ;87;2( .180U7,1802( 40( /,2( '&&"O(
0pF;10(,2D(/,2(7,:;102(40(25(409.2.=1(40(1;(9;18.15,7(F,78.9.F,14;(01(
/,2(,54.019.,2(40(A072.;102(/.3702(
vwx(-.0187,2(1;(20(37.1401(/,2(U,7,18D,2(V(20U57.4,402(?54.9.,/02(10P
902,7.,2(F,7,(95-F/.7(V(C,907(95-F/.7(/;2(F7025F5028;2([;7-,/02(V(-,80P
7.,/02(40(/,(R0V($7,12.9.;1,/(40(!528.9.,(V(*,:O(V(-.0187,2(1;(20(37.1401(
/,2( 9;14.9.;102( 40( 20U57.4,4( [D2.9,( 70b507.4,2O( F,7,( 150287,2( [,-./.,2O(
402-;A./.:,4;2O(8028.U;2O(2.-5/,4;702(V(40-J2(F072;1,2(b50(9;7701(F0P
\aa(
0%.3!1+)'8
/.U7;( 9;-;(9;12095019.,(40/(F7;902;(?54.9.,/(40( /,2( '"&iO( 252F014;O(
F;7( 9;14.9.;102( ,?01,2( ,( -D( b50( -0( C,901( C5-,1,-0180( .-F;2.3/0(
9;18.15,7( F,78.9.F,14;( V( 95-F/.7( 9;1( /,2( 0p.U019.,2( 40( /,2( 4./.U019.,2(
?54.9.,/02(40(!528.9.,(V(*,:(V(!528.9.,(Q74.1,7.,O(0p90F8;O(/,2(4./.U019.,2(
40(-04.4,(40(,20U57,-.018;O(.-F58,9.=1(V(,54.019.,(40(9;19./.,9.=1(V(
?5:U,-.018;(2;370(/;2(C09C;2(V,(409/,7,4;2(e6,1952;O(`aajP,f>
$,18;(6,1952;(9;-;(S0/;:,(20(2.01801(87,.9.;1,4;2(F;7(/,(0p87,P
4.9.=1O(/,(b50(,(25(?5.9.;(9;187,7.,3,(0/('95074;(40(B,/.8;O(V(70.807,1(
b50(9;1(25(2,/.4,(40/(F,D2(/;2(2./019.,7;1(V(20(87519=(/,(F;2.3./.4,4(40(
4,7(,(9;1;907(/,(A074,4(9;-F/08,(2;370(0/([01=-01;(40/(F,7,-./.8,P
7.2-;(01(&;/;-3.,>('/(702F098;O(0/(0p(9;-,14,180(40/(U7,1(I/;b50(
N;780(20T,/;(b50g(hvwx(1;(C,V(.1807H2(01(2,307(/,(A074,4i(nV(b50n(
hvwx(40240(0/(U;3.071;(20(700297.30(/,(C.28;7.,(9;1(3,20(01(252(F7;P
F.;2(.18070202i(e6,1952;O(`a\\fO(F502(hvwx(1;(20(b5.070(709;1;907(
/,(702F;12,3./.4,4(F;/D8.9,(40/(K28,4;(01(0/(257U.-.018;(V(9709.-.018;(
40(/,2(,58;40[012,2iO(1.(hvwx(b50(0p.28.=(51,(F;/D8.9,(40(K28,4;(b50(
F07-.8.=(25(0p.28019.,i>('(25(?5.9.;O(hvwx(01(0/(F7;902;(40(!528.9.,(V(
*,:(20(028J(F,790/,14;(/,(A074,4iO(V(1;(hv>>>x(A,(,(C,307(F,:i(9;1(51,(
hA074,4(yF,790/,4,z(V(yF,79.,/.:,4,zi(e@K#)*9f>
*;7(25(F,780O(S0/;:,(-,1.[028=(01(/,(01870A.28,(70,/.:,4,(01(/,(9J790/(
40(N50A,();7~g(h);(2.0-F70(-0(C0(2018.4;(87,.9.;1,4;(F;7(0/(&;P
-.2.;1,4;(40(*,:i(eS0/;:,O(`a\\fO(9;1(b5.01(,c7-,(85A;(4.[07019.,2(
F;7(0/(.1U702;(40(/;2(1,79;F,7,-./.8,702(,/(F7;902;(b50(20(,40/,18=(
9;1(0/(G;3.071;(N,9.;1,/u(01870(0//;2O(/;2(0p87,4.8,4;2(E7,19.29;(!,P
A.07(+5/5,U,(R.14;O(,/.,2(hG;74;/.14;iO(,/.,2(h6,9,9;i(V(!5,1(&,7/;2(
#.077,(B,-D70:O(,/.,2(hK/($52;iO(402-;A./.:,4;2(40(/;2(3/;b502(*,P
9Dc9;O(&0187,/(I;/DA,7(V(<H7;02(40(G7,1,4,O(702F098.A,-0180O(V(F;7(
hvwx(/,2(402-;A./.:,9.;102(y[,/2,2z(40(F072;1,2(b50(1519,(F0780109.0P
7;1(,(/,2(,58;40[012,2i(e@KC)*9f>(
S0/;:,(9;18=(8,-3.H1(b50(95,14;(20(402-;A./.:=(1;(801D,(;7401(
40(9,F857,O(F07;(b50(2.1(0-3,7U;(h/;(9,F857,7;1O(/;(0p87,4.8,7;1(V(/;(
-,/87,8,7;1i>(#0UW1(H/O(/,(0p87,4.9.=1(20(403.=(-J2(,/(80-;7(40(b50(
9;18.15,7,(C,3/,14;(2;370(!5,1(!;2H(&C,5p(6;2b507,(b50(40/(U010P
7,/(B.8;('/0?;(F;7b50(hvwx(07,(-J2(U7,A0(b50(C,3/,7(40(B.8;('/0?;O(
F;7(02;O(-.(;7401(40(9,F857,(20(4.98=(,(/,2(8702(V(-0(9,F857,7;1(,(/,2(
\a\
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
95,87;O(1;(F;7(B.8;('/0?;(2.1;(F;7(&C,5p(6;2b507,i(eS0/;:,O(`a\\fO(
40(b5.01(4.?;(07,(-.0-37;(40/(I/;b50(&,/.-,(V(b50([50(H/(b5.01(20(/;(
F702018=(,(&,7/;2(&,28,T;(e@K#)*9f>(
K1(/,(01870A.28,(70,/.:,4,(,(h<<iO(0p(9;-,14,180(40(/;2(3/;b502(
&,/.-,(V(I,1,107;O(9;18=(b50(H/(C,3D,(.-F5/2,4;(51(*7;V098;(*7;P
4598.A;(F,7,(/,(*,:(V(/,(077,4.9,9.=1(40(95/8.A;2(40(9;9,(01(F704.;2(40(
25(F7;F.04,4O(01(/;(b50(.1A.78.=(709572;2(F7;F.;2(V(709.3.=(c1,19.,P
-.018;(40(51,(;7U,1.:,9.=1(1;(U53071,-018,/(?,F;102,(n95V;(1;-P
370(;-.8.=nO(F,7,(/,(9;1287599.=1(40(4.09.2H.2(A.A.014,2(01870(&,70F,(
V('-,/c>(#.1(0-3,7U;O(20UW1(h<<iO(0/(G;3.071;(9;/;-3.,1;(1;(/0(
C,(709;1;9.4;(028,(9;187.359.=1(,[098,14;(25(40[012,(01(0/(F7;902;(
?54.9.,/(b50(20(/0(,40/,18,(01(K28,4;2("1.4;2_j>(
G.7,/4;(#071,(V(6,1952;(9;.19.401(01(-,1.[028,7(b50(20(2.01801(
,F01,4;2(9;1(/,2(AD98.-,2(F;7(1;(F;407(702F;1407/02(2;370(/,(250780(
40(252([,-./.,702O(403.4;(,/(028,4;(40(.19;-51.9,9.=1(01(0/(b50(20(01P
950187,1O(V(/02(014./U,1(,(/,2(,58;7.4,402(/,(702F;12,3./.4,4(40([,/8,7(,(
252(9;-F7;-.2;2(V(4030702(e6,1952;(V(G.7,/4;O(`a\\f>(K1(F,/,37,2(
40(,/.,2(hK/(6;1;iO
vwx(20(-0(2.U50(.-F.4.014;(7051.7-0(9;1(b5.0102([507;1(-.2(C;-P
3702( V( 9;1( /,2( A.98.-,2( F,7,( 709;12875.7( /,2( 9.795128,19.,2( 40( 8.0-F;O(
-;4;(V(/5U,7(b50(-0(0p.U0(/,(/0V(vwx(e6,1952;O(`aajP,f>(
@0(;87,(F,780O(G.7,/4;(#071,O(0p(9;-,14,180(V([514,4;7(40/(E70180(
B02.28019.,($,V7;1,O(-,1.[028=(/,2(4.c95/8,402(9,52,4,2(F;7(/,(0p87,P
4.9.=1(F,7,(7028.85.7(/;2(4;2(W1.9;2(F704.;2(2;370(/;2(b50(,90F8=(0/(
402F;?;(F;7(F,780(40(.180U7,1802(40(25(U75F;>
#0(87,8,(40(/;2(F704.;2(R,(*,:(V(#,1(&,7/;2O(b50(25-,1(``o(C098JP
70,2O(/;9,/.:,4;2(01(0/(9;770U.-.018;(40(#,1(*047;(40(/,(#.077,O(-5P
1.9.F.;(40(6.19,O(40F,78,-018;(40/(6,U4,/01,O(b50([507;1(40A50/P
8;2( ,( A0.18.95,87;( [,-./.,2( ,2;9.,4,2( ,( /,( &;;F07,8.A,( 'U7;F095,7.,(
(K1(/,(01870A.28,(20T,/=(b50(-04.,180(40709C;(40(F08.9.=1(C,3D,(2;/.9.8,4;(51(0?0-P
F/,7( 40( /,( F53/.9,9.=1( 40( /,( 70A.28,( 40/( 6.1.2807.;( 40/( %1807.;7( 40( `aalO( 01( /,( b50( 20(
70U.287,3,1(/;2(F7;V098;2(b50([507;1(9;1;9.4;2(F;7(/,(6'**PQK'(V("NQ@&>(#.1(
0-3,7U;(1;(C,(801.4;(702F5028,>
_j
\a`(
0%.3!1+)'8
#,1(&,7/;2(e&QQ'GBQ#'&(R84,f>(K28,2([,-./.,2O(,4?54.9,8,7.,2(40/(
%N&QB'O([507;1(402F/,:,4,2(4;2(A0902u(/,(F7.-07,(F;7(/,(U5077.//,(V(
/,(20U514,O(01(`aa\O(F;7(F,7,-./.8,702(40/(E70180($,V7;1,O(C09C;(b50(
[50(,4-.8.4;(F;7(G.7,/4;(#071,(,/.,2(hK/(*,87=1iO(N;73078;(Z5.7;U,(
V(!;2H(@,1.0/(6;7,(R=F0:O(,/.,2(h\a\i(;(hG507707;iO(b5.01(,40-J2(
9;1[02=(207(0/(702F;12,3/0(40/(402F/,:,-.018;(V(40(9;37,7(ol(-.//;P
102( 40( F02;2( -0125,/02( ,( 51,( 9;-51.4,4( U1=28.9,( e&#!O( `a\\P3( P(
<071J1(G.7,/4;(#071,O(N;73078;(Z5.7;U,(*;A04,(V(!;2H(@,1.0/(6;7,(
R=F0:(P(7028.859.=1(4.7098,f>
(*;7(25(F,780O(,/.,2(h!;7U0(]ai(b50(4020-F0T=(51,(.-F;78,180(/,3;7(
01(/,(0pF,12.=1(40(/,(&,2,(&,28,T;O(709C,:=(9;1(h.7,i(25(0p87,4.9.=1(,(
K28,4;2("1.4;2(V(4.?;(b50(9;1(0//,(20(87,.9.;1=(0/(*7;902;(40(*,:(b50(
/,(;7U,1.:,9.=1('"&(-,185A;(9;1(0/(U;3.071;(40/(F702.40180(X/A,7;(
"7.30ja>(*;7(028,(7,:=1O(40240(25(2,/.4,([;7:,4,(40/(F,D2O(0/(0p(9;-,1P
4,180(40/(I/;b50(N;780(1;(C,(F,78.9.F,4;(01(,54.019.,2(40(A072.=1(
/.370(01(0/(F7;902;(40(!528.9.,(V(*,:O(1.(01(/;2(F7;902;2(40(/,(F,7,F;/DP
8.9,>('40-J2(20(C,(10U,4;(,(9;190407(01870A.28,2(,(70F702018,1802(40/(
&;1U702;( 40( /,( B0FW3/.9,O( ;7U,1.:,9.;102( 40( AD98.-,2O( ;7U,1.2-;2(
.18071,9.;1,/02(0(.128,19.,2(9;-;(0/(G75F;(40(60-;7.,(<.28=7.9,(40(
/,(&;-.2.=1(N,9.;1,/(40(B0F,7,9.=1(V(B09;19./.,9.=1j\>(
&;-;(20(402F70140(40(/;(0pF5028;(,1807.;7-0180O(/,(0p87,4.9.=1(40(
/;2(F7.19.F,/02(9;-,14,1802(40(/,2('58;40[012,2(40(&=74;3,(V("7,P
3J( 87,12-58,4;2( 01( 1,79;87,c9,1802( ehF,7,1,79;2if( 8.010( -W/8.F/02(
70F07952.;102( 10U,8.A,2( 01( 0/( 029/,709.-.018;( 40( /,( A074,4( 2;370( 0/(
0pF;/.;O(/;2(402F;?,4;702(./0U,/02(V(/0U,/02(V(/,(9;190187,9.=1(40(8.0P
77,2(V(8077.8;7.;2(01(-01;29,3;(40(/;2(40709C;2(,(/,(A074,4(V(,(/,(702P
8.859.=1(40(/,2(AD98.-,2>(K28,(2.85,9.=1(20(,U7,A,O(02F09.,/-0180([70180(
,(/;2(h#0T;702(40(/,(@7;U,iO(/;2(2;9.;2(./0U,/02(40(/,(&,2,(&,28,T;(b50(
!6(&#-#.%YZQ-(9g(hR,(.7,(40(y!;7U0(]az(,/(207(0p87,4.8,4;i>
( #5( ,3;U,4;( 028,4;51.40120O( @,A.4( +,FFO( 1;( 9;12.18.=( 01( b50( [507,( 01870A.28,4;(
F;7(/;2(9;125/8;702(40/(G75F;(40(60-;7.,(<.28=7.9,>(#.-./,7(702F5028,(/02(4.;(,(/;2(
-.0-37;2(40/(&;1U702;(40/0U,4;2(F,7,(01870A.28,7(,(/;2(0p87,4.8,4;2(n01870(0//;2(*.0P
4,4(&=74;3,(0(%AJ1(&HF04,n(V(,(/;2(40/0U,4;2(40(/,(6'**PQK'(eK1870A.28,2(9;1(0/(
,3;U,4;(+,FFO(0/(70F702018,180(,(/,(&J-,7,O(%AJ1(&0F04,(V([519.;1,7.;2(40(/,(6.2.=1f>
ja
j\
\ao
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
F7;-;A.07;1(V(c1,19.,7;1(25(0pF,12.=1(V(9;12;/.4,9.=1O(V,(20,(b50(
20(C,V,1(402-;A./.:,4;(eh1,79;F,7,2if(;(1;(01(/,(-04.4,(01(b50O(/;2(
F7.-07;2O(9;1(25(2,/.4,([;7:,4,(40/(F,D2(40?,7;1(40(F,78.9.F,7(01(/;2(
F7;902;2(40(/,(R0V(jkl(40(`aalO(V(,(b50(028;2(V(,(/;2(1,79;87,c9,1802(
01(U0107,/(01(/;2(F7;902;2(,180(/,(?528.9.,(40(/;2(K28,4;2("1.4;2(1;(
20(/02(0p.U0(9;1[02,7(/,2(A.;/,9.;102(40(40709C;2(C5-,1;2O(01(02F09.,/(
/,2( 70/,9.;1,4,2( 9;1( /;2( 97D-0102( b50( F7;45?07;1( 402F/,:,-.018;2(
9;-;( F,780( 40/( F/,1( 40( ,F7;F.,720( ;( 9;12;/.4,7( 25( 4;-.1.;( 2;370(
8.077,2(V(8077.8;7.;2>(
N;(40A0/,7(0/(,F;V;O(F7;-;9.=1(V(c1,19.,9.=1(,98.A,(V(9;12.0180(
40(/;2(h#0T;702(40(/,(@7;U,i(,/([01=-01;(F,7,-./.8,7(,8018,(9;187,(
/;2( 40709C;2( 40( /,2( AD98.-,2( ,( /,( 7028.859.=1O( 02F09.,/-0180( F;7( /,2(
10U;9.,9.;102(b50(70,/.:,1(9;1(/,2(,58;7.4,402(028,4;51.401202(F,7,(
4.2-.15.7(252(F01,2O(01870(/,2(b50(20(.19/5V0(/,(01870U,(40(3.0102(VO(02P
F09.,/-0180O(9;187,(0/(029/,709.-.018;(40(/,(.1029.14.3/0(70/,9.=1(01P
870(0/(10U;9.;(40(/,2(47;U,2(V(0/(/,A,4;(40(,98.A;2(-04.,180(/,(,F7;F.,P
9.=1(40(8.077,2O(8077.8;7.;2(V(709572;2(1,857,/02(V(25(9;190187,9.=1>(R,(
.-F51.4,4(40(/;2(h#0T;702(40(/,(@7;U,i(01(0/(402F;?;(V(,F7;F.,9.=1(
40(8.077,2O(C,90(.1A.,3/02(70A078.7(/,(9;190187,9.=1(40(/,(8.077,(V(9;1(
0//;(/,(3W2b504,(V(F5028,(01(-,79C,(40(U,7,18D,2(b50(9;187.35V,1(,(/,(
702;/59.=1(V(1;(70F08.9.=1(40(/,2(A.;/019.,2(V(9;1d.98;2(01(0/(9,-F;>
'/(702F098;O(F,780(40/([7,9,2;(40/(F7;902;(40(!528.9.,(V(*,:(02(9;120P
95019.,(40(1;(C,30720(F5028;(2;370(/,(-02,(0/(80-,(40/(1,79;87Jc9;O(
/;(b50(20(0A.4019.,(01(/,(1;(.19/52.=1(40(8;4;2(/;2(2;9.;2(40(/,(0-P
F702,(F,7,-./.8,7(01(/,2(10U;9.,9.;102(01870(0/(G;3.071;(1,9.;1,/(V(
/;2(F,7,-./.8,702>(@0(028,([;7-,O(1;(20(/02(0p.U.=(,(/;2(h#0T;702(40(/,(
@7;U,i(0/(402-;180(40/(1,79;87Jc9;(V(40(252(70402(40(/,A,4;(40(,98.P
A;2(AD,(.1A072.;102(h/D9.8,2iO(.1[;7-,9.=1(2;370(252(2;9.;2(h/0U,/02i(V(
/,(01870U,(40(8;4;2(252(3.0102(/0U,/02(0(./0U,/02(F,7,(/,(70F,7,9.=1(40(
/,2(AD98.-,2>("1,(40(/,2(9;12095019.,2(40(028,(;-.2.=1(02(/,(-5/8.F/.P
9,9.=1(V(F;407(40(/,2(I'&B%6O(.180U7,4,2(F;7(402-;A./.:,4;2(;(1;(
40(/,2(028759857,2(F,7,-./.8,702(b50O(,40-J2(40(-,180107(0/([7598D[07;(
10U;9.;(40(/,2(47;U,2(./D9.8,2O(8.0101(9;-;(;3?08.A;(2,/A,U5,74,7(/,2(
8.077,2O(8077.8;7.;2(V(709572;2(,4b5.7.4;2(,(2,1U70(V([50U;O(01(F;407(40(
.180U7,1802(40(/,(b5D185F/0(,/.,1:,(97.-.1,/>(
\a](
0%.3!1+)'8
K1(028,(/D10,O(6,1952;(V(;87;2(0p(9;-,14,1802O(20(C,1(70[07.4;(,(
/,2(/.-.8,9.;102(V(A,9D;2(40(/,(R0V(jkl(40(`aalO(02F09.,/-0180(01(/;(
b50(20(70c070(,(/,(,52019.,(40(51(87,8,-.018;(02F09.,/(F,7,(/;2(,/.,4;2(
40/( F,7,-./.8,7.2-;O( 9.A./02( V( -./.8,702O( ,( b5.0102( 1;( 20( /02( ,F/.9,( /,(
F01,(,/8071,8.A,>('(?5.9.;(40(6,1952;O(0/(F7;902;(40(!528.9.,(V(*,:O(
,40-J2(40(1;(37.14,7(20U57.4,4(?57D4.9,(F,7,(/;2(402-;A./.:,4;2PF;2P
85/,4;2(n9;-;(0?0-F/;(9.8,(/,(0p87,4.9.=1nO(.-F.40(9;1;907(/,(A074,4(
2;370(0/([01=-01;(40(/,2(,58;40[012,2(0(.1A;/597,7(,(8;4;2(/;2(b50(C.P
9.07;1(F,780(40(H/>(K2(F;7(0//;(b50(C,(20T,/,4;(/,(10902.4,4(40(9;18,7(
9;1(51(-,79;(1;7-,8.A;(02F09.,/(b50(F07-.8,(029/,70907(/;2(AD195/;2(
40( 0-F702,7.;2O( F;/D8.9;2( V( -./.8,702( 01( /,2( A.;/,9.;102( 40( 40709C;2(
C5-,1;2O(0/(b50(1;(F5040(70459.720(0p9/52.A,-0180(,(/,(F01,/.:,9.=1(
40(/,2(,99.;102O(2.1;(b50(4030(.19;7F;7,7(;87;2(-09,1.2-;2(F,7,(8;P
4;2(/;2(b50(,F;V,7;1O(c1,19.,7;1O(,52F.9.,7;1(;(C.9.07;1(F,780(40(/,2(
028759857,2(40(/,(&,2,(&,28,T;>(K1(25(F7;F5028,(b50(,c7-,(20(4.7.U0(,(
h,9,3,7(9;1(/,(02F.7,/(40(A.;/019.,i(V(,2D(,/9,1:,7(/,(F,:(V(/,(709;19./.,P
9.=1O(4.[07019.,(0/(87,8,-.018;(b50(20(4030(4,7(,(/;2(b50(F,78.9.F,7;1(
01(97D-0102(40(/02,(C5-,1.4,4(V(,(/;2(b50(1;>(*,7,(/;2(F7.-07;2(0/(
9;-F;10180(9,790/,7.;(1;(40307D,(0p90407(40(51(,T;(V(,(/;2(20U514;2(
2=/;(20(/02(40307D,(.-F;107(2,19.;102(09;1=-.9,2(V(2;9.,/02(e87,3,?;(
2;9.,/fO(51,(A0:(,25-,1(25(702F;12,3./.4,4(V(;[70:9,1(252(4.295/F,2(,(
/,2(AD98.-,2>(K1(252(F,/,37,2(hb5H(2,9,-;2(2.(/;2(-080-;2(,(8;4;2(01(
/,2(9J790/02ti(e6,1952;O(`a\\f>(
MKdK*?%,"-#$*7-*O&-%-1*0$"$*/$*"-0$"$(&)%*
R,2( 70A0/,9.;102( 2;370( /,( ,F7;F.,9.=1( 40( 8.077,2( V( 8077.8;7.;2( F;7(
F,780(40(/;2(-.0-37;2(,98.A;2(V(A.2.3/02(40(/,2(028759857,2(40(/,(&,2,(
&,28,T;(V(40(252(,/.,4;2(1;(U5,74,1(70/,9.=1(9;1(25(01870U,(F,7,(/,(
70F,7,9.=1(40(/,2(AD98.-,2>(R;(,1807.;7(20(C,90(70/0A,180(01(/;2(9,2;2(
40(/;2(402-;A./.:,4;2PF;285/,4;2(,/(F7;902;(?54.9.,/(40(/,(R0V(jkl(40(
`aal>(
&;1[;7-0(,(/,(//,-,4,(R0V(40(!528.9.,(V(*,:(V(/,(2018019.,(&Po^a(
40(`aa^O(/;2(402-;A./.:,4;2PF;285/,4;2(403D,1(V(40301(01870U,7(/;2(
3.0102(/0U,/02(0(./0U,/02(,/(E;14;(40(B0F,7,9.=1(40(/,2(SD98.-,2(eEBSP
\al
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
'99.=1(#;9.,/fj`(O(9;14.9.=1(02019.,/(F,7,(U,7,18.:,7(0/(7028,3/09.-.01P
8;(40(/;2(40709C;2(F,87.-;1.,/02(40(/,2(AD98.-,2O(V(,2D(;380107(/,(F01,(
,/8071,8.A,(F70A.28,(01(/,(R0V(jkl(40(`aalO(01870(9.19;(,(;9C;(,T;2>(
K1( 9;12095019.,O( /;2( F;285/,4;2( 1;( F50401( ,/0U,7( 40709C;2( 2;370(
/;2(3.0102(402F;?,4;2(1.(2;370(/;2(40(F7;904019.,(./D9.8,(n/,A,4;(40(
,98.A;2O(1,79;87Jc9;(;(017.b509.-.018;(./D9.8;nO(V(/,2(,58;7.4,402(40P
301(F0720U5.7(V(7095F07,7(/;2(51;2(V(/;2(;87;2u(/;2(F7.-07;2(9;1(c102(
40(7028.85.7/;2(,(252(/0UD8.-;2(8.85/,702O(V(/;2(20U514;2(F,7,(0[098;2(40(
0p8.1U5.7/02(0/(4;-.1.;(-,/(C,3.4;>(
MKdKJK*C&-%-1*.6"-(&7.1*A*-%,"-#$7.1
'/U51;2(F;285/,4;2(01870U,7;1(3.0102(;(.1[;7-,9.=1(2;370(0//;2(
457,180(/,2(402-;A./.:,9.;102O(V(;87;2(8,18;2(,(/;(/,7U;(40(/,2(A072.;P
102(/.3702>(@0187;(40(/;2(F7.-07;2O(01(0/(.1[;7-0(01A.,4;(F;7(0/('/8;(
&;-.2.;1,4;(F,7,(/,(*,:(,(E.29,/D,O(20(-019.;1,1(hvwx(lj(3.0102(.1P
-503/02(01(/,(70U.=1(40(K/(&,8,85-3;(0(.1[;7-,9.=1(2;370(oo](F70P
4.;2(757,/02O(0b5.A,/01802(,(`l>^a\(C098J70,2(eQ'&*O(`aa^f>(@0(028;2(
W/8.-;2O(0/(I/;b50(&,8,85-3;(,F;78=(.1[;7-,9.=1(2;370(\al(c19,2(
53.9,4,2(01(0/(-51.9.F.;(40(R,(G,3,77,O(40F,78,-018;(40(N;780(40(
#,18,1407(eQ'&*O(`aa]f>(K1(F,/,37,2(40(6,1952;
hvwx( 20( 01870U,7;1( 8.077,O( 9,2,2O( /,19C,2O( -5/,2( vwx( b50( b504,7;1(
70/,9.;1,4;2(01(51(,98,(40(01870U,(b50(20(/0(C.:;(,/(G;3.071;(N,9.;1,/i(
e6,1952;O(`aa^f>(
(K280(E;14;([50(029.14.4;(01(4;2(-04.,180(/,(R0V(40(SD98.-,2g(0/(F7.-07;O(b50(9;1P
207A,(0/(-.2-;(1;-370(,(9,7U;(40(/,("1.4,4(K2F09.,/(40('8019.=1(V(B0F,7,9.=1(%180P
U7,/(40(SD98.-,2O(V(0/(20U514;O(0/(E;14;(40(B028.859.=1(40($.077,2(@02F;?,4,2(,(9,7U;(
40(/,("1.4,4(K2F09.,/(40(B028.859.=1(40($.077,2(@02F;?,4,2O(,4297.8,(,/(6.1.2807.;(40(
'U7.95/857,(V(@02,77;//;(B57,/O(018.4,4(b50(.1.9.=(252(/,3;702(,(F,78.7(40(0107;(40(`a\`(
e,78D95/;2(\^^(,(\^j(V(\ka(40(/,(R0V(\]]_(40(`a\\f>(#.1(0-3,7U;O(/;2(409708;2(70U/,P
-018,7.;2(40(/,(R0V(jkl(40(`aal(e409708;2(]k^a(40(`aal(V(ooj\(40(`aakfO(028,3/09.07;1(
/,(F;2.3./.4,4(40(7028.85.7(4.7098,-0180(/,2(8.077,2(,(/,2(AD98.-,2O(,2D(9;-;(.-F/0-018,7(
F7;V098;2(F7;4598.A;2(01(/;2(b50(F,78.9.F,7,1(AD98.-,2O(F;3/,9.=1(402F/,:,4,(V(A.98.P
-,7.;2>
j`
\a^(
0%.3!1+)'8
$;A,7( *5F;( 8,-3.H1( ;[709.=( 01870U,7( 9079,( 40( 8702( -./( C098J70,2(
01870(/;2(-51.9.F.;2(40(K/(*/,8;(V(&C.A;/;O(V(4;90(-./(C098J70,2(01(
0/(-51.9.F.;(40(/,(!,U5,(40(%3.7.9;O(40F,78,-018;(40(&02,7(eS07g(&C.P
A;/;g(402F;?;(01(:;1,2(40(h!;7U0(]aifu(2.1(0-3,7U;(01(,54.019.,(40(
A072.=1( /.370( -,1.[028=( b50( ,/( -;-018;( 40( 25( 402-;A./.:,9.=1( 1;(
9;18,3,( 9;1( 1.1UW1( 3.01( .1-503/0( ,( 25( 1;-370O( F502( 9;-;( 9,52,(
40(51(F7;902;(40(4.A;79.;(252(3.0102(F,2,7;1(,(25(0p(9=1V5U0(0(C.?;2(
e$;A,7O(`aakP,f>
K1(0/(87,129572;(40/(F7;902;(40(!528.9.,(V(*,:(/;2(F;285/,4;2(C,1(
;[709.4;(-J2(3.0102(40(/;2(b50(0[098.A,-0180(C,1(2.4;(01870U,4;2(,/(
E;14;(40(B0F,7,9.=1joO(0(.19/52;(,/U51;2(40(/;2(3.0102(b50(9;128,1(
01(/,2(,98,2(40(01870U,(25297.8,2(F;7(/;2(F;285/,4;2O('99.=1(#;9.,/(V(/,(
E.29,/D,(1;(C,1(.1U702,4;(70,/-0180(,/(E;14;j]>(R,(9;187.359.=1(40(
/;2(F;285/,4;2(20/099.;1,4;2(20(704590(,/(;[709.-.018;(40(01870U,7(oj(
807701;2(757,/02O(70/,9.;1,4;2(01(0/(,10p;(l>(I.0102(.1-503/02(757,/02(
;[709.4;2(V(709.3.4;2(01(0/(EBSO(4.287.35.4;2(,2Dg(
!" @0/(U7,1(I/;b50(N;780g(40(#,/A,8;70(6,1952;O(A0.18.87H2u(40(
B;47.U;($;A,7(*5F;O(20.2u(40(KA07(S0/;:,(G,79D,O(4.0:u(40(K4Y,7(
&;3;2( $H//0:O( 9.19;u( 40/( E70180( B02.28019.,( $,V7;1,( ,F;78,4;2(
F;7( 6,78D1( *0T,7,14,( Q2;7.;O( ,/.,2( h6,78.1i( ;( hK/( I577;iO( V(
N;73078;(Z5.7;U,(*;A04,O(,/.,2(h&.19;(&.19;>(
!" @0/(I/;b50(r/-07(&J7401,2g(40(E7044V(B014=1(<07707,O(4.0P
9.2H.2u(40(K/~.1(!;7U0(&,28,T04,O(,/.,2(h<07-=U0102(6,:,iO(51;u(
V(51(F704.;(-J2(40(Q8;1.0/(#0U514;(<;V;2(*H70:O(,/.,2(hK/(&,3;(
B.A07,i( ;( hK/( K1,1;i( e$5/,F,2g( 402F;?;( 01( :;1,2( 40( hK/( '/0P
-J1if>
(h'(-,V;(40(`a\\(/;2(402-;A./.:,4;2PF;285/,4;2(C,3D,1(;[709.4;(]lo(.1-503/02(75P
7,/02(F07;(2=/;(j\(9;128,3,1(01(,98,2O(/;2(40-J2(20(019;187,3,1(01(F7;902;(40(A07.cP
9,9.=1i(eE.29,/D,O(`a\\(V(`a\\P,f>
j]
(@57,180(0/(F7;902;(40(/,(//,-,4,(h?528.9.,(87,12.9.;1,/iO(,/U51;2(40(/;2(9;-,14,1802(
40(/,(&,2,(&,28,T;(C,1(01870U,4;(C0/.9=F807;2O(A0CD95/;2O(20-;A.01802O(-079,19D,2(V(
4.107;O(,F,78,-018;2O(573,1.:,9.;102(V(/;802(V(C,1(;[709.4;(.1-503/02(757,/02(F,7,(/,(
70F,7,9.=1( 40( /,2( AD98.-,2u( 2.1( 0-3,7U;( 1;( 8;4;2( C,1( .1U702,4;( ,/( E;14;( 403.4;( ,(
4.[0701802( 2.85,9.;102O( 01870( 0//,2O( F702018,7( 4054,2( F;7( 4.A072;2( 9;190F8;2( n-5/8,2O(
.-F5028;2O(207A.9.;2(FW3/.9;2n(V(028,7(01(F7;902;2(;74.1,7.;2(40(0p8.19.=1(40(4;-.1.;>
jo
\ak
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
'(/,(029,2,(A;/518,4(40(/;2(F;285/,4;2(40(01870U,7(3.0102O(20(25-,(
/,(1;(.4018.c9,9.=1(V(F0720959.=1(40(/,2(.1-503/02(40(1,79;87,c9,1P
802(V(,U01802(/0U,/02(b50(9;19078,7;1(0(C.9.07;1(F,780(40/(F7;V098;(
F,7,-./.8,7>(K1(0[098;O(,(1.1U51;(40(/;2(hF,7,F;/D8.9;2i(9;1401,4;2(
F;7(9;19.078;(F,7,(40/.1b5.7(20(/02(C,(0p.U.4;(70F,7,7(,(/,2(AD98.-,2(
9;1(252(3.0102(/D9.8;2(0(/D9.8;2(V(01870U,7/;2(,/(E;14;(40(B0F,7,9.=1O(
02(-J2(1.(2.b5.07,(20(/02(C,(0p.U.4;(0/(F,U;(40(/,2(-5/8,2(.-F5028,2(01(
/,2(2018019.,2>($,-F;9;(C,1(.1U702,4;(,(020(E;14;(/;2(3.0102(40(/;2(
h#0T;702(40(/,(@7;U,i(9;1(/;2(b50(20(,/.,7;1(V(b50(F,78.9.F,7;1(,9P
8.A,-0180(01(0/(,9,F,7,-.018;(40(8.077,2O(.19/52;(40(/;2(b50(-58,7;1(
,(F,7,-./.8,702(F,7,(0[098;2(40(25(402-;A./.:,9.=1(V(,9902;(,(/,(F01,(
,/8071,8.A,(F70A.28,(01(/,(R0V(jkl(40(`aal>(
MKeK*2$%(:1.*A*/$*-%,"-#$*7-*O&-%-1
K/(019,7U,4;(40(/,(0pF,12.=1(40(/,(&,2,(&,28,T;(C,(,/0U,4;(F07P
-,10180-0180(25(9;-F7;-.2;(9;1(0/(F7;902;(40(F,:(b50(4.;(/5U,7(
,(/,(402-;A./.:,9.=1(40(/,2('58;40[012,2("1.4,2(40(&;/;-3.,O(V(40(
-,107,(02F09.,/(20(C,(70[07.4;(,(25(A;/518,4(40(01870U,7(3.0102(F,7,(
/,( 70F,7,9.=1( 40( 252( AD98.-,2O( F07;( C,( 702F;12,3./.:,4;( ,( 4.28.18,2(
018.4,402(40(.-F04D720/;>(
&;-;(20(20T,/=(,1802O(0280(0p(9;-,14,180(25297.3.=(,98,2(40(01P
870U,( 9;7702F;14.01802( ,( A0.18.87H2( .1-503/02( 757,/02O( ,( /;2( b50( 20(
25-,(0/(;[709.-.018;(40/(7028,57,180(XN4$(&*-.(01(I,77,1b5.//,O(40(/,(
0-F702,(%19/52;/(#>('>O(b50(C,9D,(F,780(40(25(2;9.04,4(9;1(G.;7U.;(
#,/0O( A.195/,4,( ,( /,( -,c,( .8,/.,1,( 401;-.1,4,( hN47,1UC08,ijl>( @0(
.U5,/(-,107,(;[709.=(01870U,7(0/(A;/5-01(40(-,407,(,F7;A09C,3/0(40(
/;2( 95/8.A;2( [;7028,/02( eA50/;( [;7028,/f( 01( F704.;2( /;9,/.:,4;2( 01( /;2(
40F,78,-018;2( 40( &=74;3,( V( I;/DA,7O( ,/U51;2( 40( /;2( 95,/02( [507;1(
7090F8;702(40(709572;2(FW3/.9;2O(-04.,180(/,(01870U,(40(&078.c9,4;2(
40(%19018.A;(E;7028,/j^>(
(S07g(K/(K2F098,4;7O(hs*701407J(25(A018./,4;7(G.;7U.;(#,/0ti
(K1870(/;2(3010c9.,7.;2(40/(&078.c9,4;(40(%19018.A;(E;7028,/(20(01950187,1('40/,.4,(
#;[D,(V(6,78C,(<0/01,(@070.p(6,78D10:(V('5U528;(&,287;O(,/.,2(h$58;i>
jl
j^
\a_(
0%.3!1+)'8
&;1(0p90F9.=1(40(/,(c19,(b50(0/(F;285/,4;(20(9;-F7;-08.=(,(40P
A;/A07(4.7098,-0180(,/(709/,-,180O(V(0/(3,/4D;(&/53(\aa(/;9,/.:,4;(01(
/,( .2/,( 6W957,( 40/( ,79C.F.H/,U;( 40( #,1( I071,74;O( 40F,78,-018;( 40(
&=74;3,(e&#!O(`aak(P(#,/A,8;70(6,1952;fO(0/(-,U.287,4;(40(&;187;/(
40(G,7,18D,2(;7401=(,[098,7(/;2(3.0102(;[709.4;2(9;1(-04.4,(9,580P
/,7(40(0-3,7U;O(V(4.2F52;(b50(b504,7,1(,(4.2F;2.9.=1(40/(E;14;(40(
B0F,7,9.=1(40(SD98.-,2O(9;1[;7-0(,/(,78D95/;(\l(40/(409708;(]k^a(40(
`aal>(
*020(,(0//;O(2;/,-0180(A0.18.87H2(F7;F.04,402(9;128,1(01(,98,2(40(
7090F9.=1O(/;(b50(1;(2.U1.c9,(b50(0[098.A,-0180(C,V,1(.1U702,4;(,/(
E;14;O(403.4;(F7.19.F,/-0180(,(/,(;F;2.9.=1(40('99.=1(#;9.,/(40(70P
9.3.7(F704.;2(,[098,4;2(F;7(9;187,8;2(40(,77014,-.018;(4028.1,4;2(,/(
F7;U7,-,(*7;V098;2(*7;4598.A;2(F;7(/,(*,:(e***fjkO(970,4;(F,7,(70.1P
9;7F;7,7(,(/;2(402-;A./.:,4;2O(b50(20(9;-018,(01(0/(9,FD85/;(95,78;>(
K28,( F;2857,( [50( 709C,:,4,( F;7( /,( &;780( #5F70-,( 40( !528.9.,( e&#!O(
`a\\P-(P(#,/A,8;70(6,1952;(P(-04.4,2(9,580/,702fO(,/(70.807,7/0(,(/,(
,4-.1.287,4;7,( 40/( E;14;( 40( B0F,7,9.=1( 40( SD98.-,2( 709.3.7( 8;4;2(
/;2(3.0102(01870U,4;2(F;7(0/(F;285/,4;O(.19/5V014;(/;2(F704.;2(402P
8.1,4;2(F,7,(/;2(***O(409.2.=1(7,8.c9,4,(01(/,(20U514,(.128,19.,(40/(
F7;902;( 9;187,( +,F,8,( R,A0740O( 01( /,( b50( 20( 4.2F52;( F7.A./0U.,7( /,(
70F,7,9.=1(40(/,2(AD98.-,2(VO(F;7(0140O(4.2F;107(/,(0p8.19.=1(40(4;-.P
1.;(V(/,(-;108.:,9.=1(40(/;2(.1-503/02(N50A,(@0/C.O(S.//,(N50A,(V(/,(
G5,.1,(e$#!*O(`a\aP3(V(&#!O(`a\`P,(P(!;7U0(%AJ1(R,A0740f>
#0UW1( 6,1952;O( /;2( 9;187,8;2( 40( ,77014,-.018;( 01870( 252( 8028,P
[077;2O( 01870( /;2( 95,/02( C,( -019.;1,4;( ,( ',7,-( '2D,2( #;/,7( V( ,( /,(
'2;9.,9.=1('U7;0-F702,7.,/(40($.077,/8,(e'#Q'$&QfO([50(/,([=7-5P
/,(b50(019;187,7;1(/;2(,202;702(40/(G;3.071;(F,7,(h2,/A,7i(,/('/8;(
&;-.2.;1,4;( 40( .1A028.U,9.;102( F;7( 01870U,7( 709572;2( FW3/.9;2( 2.1(
b50(-04.,7,1(9;-F7;-.2;2(01870(/;2(25F5028;2(450T;2(40(/,2(8.077,2(
V(/;2(402-;A./.:,4;2O(9,-F02.1;2(V(402F/,:,4;2(e6,1952;O(`a\\f>(K1(
51(9;-51.9,4;(FW3/.9;(20T,/=(b50O
(R;2(***([507;1(F702018,4;2(F;7(0/('/8;(&;-.2.;1,4;(,/(&;120?;(40(6.1.287;2O(01(
;985370(40(`aal(V(20(.1.9.,7;1(,(F,78.7(40(4.9.0-370(40(020(,T;>
jk
\aj
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
vwx(C,1(-,1.[028,4;(b50(V;(70,/.9H(51,(207.0(40(-,1.;37,2([7,545P
/018,2(,(87,AH2(40(51;2(9;187,8;2(40(,77014,-.018;(2;370(,/U51;2(40(/;2(
3.0102(b50(;[709D(01(-,V;(40(`aakO(9;1(0/([.1(40(0A,4.7(/,(;3/.U,9.=1(b50(
801U;(40(70F,7,7>(K28,(02(51,(40(/,2(7,:;102(F;7(/,2(95,/02('&&%{N(#QP
&%'RO(40F014.0180(40/(G;3.071;O(20(C,(10U,4;(,(709.3.7(/;2(3.0102(V(0280(
,7U5-018;([50(58./.:,4;(F;7(0/(K?0958.A;(F,7,(.18018,7(?528.[.9,7(-.(0p87,P
4.9.=1u(2.018;(b50(02(F;7(0//;(b50(1;(C,1(709.3.4;(8;4;2(/;2(3.0102(V(C,1(
9;/;9,4;(8;4;(8.F;(40(;328J95/;2(F,7,(C,907/;>(#.1(0-3,7U;O(/,(A074,4(02(
b50(/;2(9;187,8;2(40(,77014,-.018;(70[07.4;2O(E"KBQN(#"GKB%@Q#(
)(#"#&B%$Q#(*QB(KR(GQI%KBNQ(N'&%QN'RO(01(9,30:,(40(/,(
Q[.9.1,(40/('/8;(&;-.2.;1,4;(F,7,(/,(*,:O(8,/(9;-;(9;128,(01(0/(,98,(
40([09C,(`^(40(-,7:;(40(`aakO(25297.8,(F;7(,/U51;2([519.;1,7.;2(40(02,(
40F014019.,O(/,(95,/(,10p;(01(/,(F7020180(4./.U019.,(e6,1952;O(`aajP,(P(
-,VW295/,2(01(0/(80p8;(;7.U.1,/f>
R,(10U,8.A,(40('99.=1(#;9.,/(C,(4,4;(/5U,7(,(b50(6,1952;(2;/.9.80(
,(4.[0701802(,58;7.4,402(b50(.1807904,1(F,7,(b50(/0(709.3,1(/;2(3.0102O(
;(/0(,58;7.901(A01407/;2(V(01870U,7(0/(-;18;(709,54,4;(,/(EBSO(01(/;2(
2.U5.01802(8H7-.1;2g
(vwx(2.('&&%{N(#Q&%'R(2.U50(4029;1;9.014;(0/(40307(V(/,(;3/.U,P
9.=1(40(709.3.7(8,/(9;-;(/;(C,3D,(;7401,4;(/,(C;1;7,3/0(&;780(#5F70-,(
40(!528.9.,(e2.9fO(20(-0(F07-.8,(018;1902(F7;90407(,(A01407(4.7098,-0180(
4.9C;2( 3.0102( V( F;407( 40-;287,7( b50( #ˆ( $%KNKN( SQ&'&%{N( @K(
BK*'B'&%{N( V( F;407( ,/.-018,7( 40( 02,( [;7-,( 0/( F,87.-;1.;( 40( /,2(
AD98.-,2(e6,1952;O(`aaj(P(,(-,VW295/,2(01(0/(80p8;(;7.U.1,/f>
@0( .U5,/( [;7-,O( 6,1952;( C,( 702F;12,3./.:,4;( ,( /,2( 018.4,402( 40(
!528.9.,( V( *,:O( V( F,78.95/,7-0180( ,( '99.=1( #;9.,/O( 40( /,( FH74.4,( 40/(
A,/;7(9;-079.,/(40(/;2(3.0102(;[709.4;2(V(40(25(;95F,9.=1(F;7(80790P
7;2( F0780109.01802( ,( /,2( //,-,4,2( hI,14,2( &7.-.1,/02iO( ;( F072;1,2(
b50( ,45901( C,307( 2.4;( 402F;?,4;2( 40( 0//;2j_O( 01( -01;29,3;( 40( /,2(
AD98.-,2(70,/02jj(eS07g(`a\aP3(P(#,/A,8;70(6,1952;(P(709572;(40(b50?,f>(
(#0UW1(0/(0p(9;-,14,180(40(/,(&,2,(&,28,T;O(/,(F;2.9.=1(40('99.=1(#;9.,/(02(/,(9,52,(
40(b50(01(/,2(c19,2(20(.128,/,7,1(/,2(150A,2(3,14,2(97.-.1,/02u(/;2(b50(C,1(8,/,4;(/;2(
95/8.A;2([;7028,/02(F,7,(20-37,7(9;9,(e6,1952;O(`a\\f>
jj
(K2(0/(9,2;(40(/;2(F704.;2(K/(&C.-3;7,:;O(K/(I;1U;(V(R,(K2F07,1:,>(
j_
\\a(
0%.3!1+)'8
Q87;(9,2;(b50(9.8,(6,1952;(F,7,(-;287,7(25(702F;12,3./.4,4(9;1(
/,(R0V(jkl(02(/,(7028.859.=1(4.7098,(40(jj(F,790/,2(b50(C,901(F,780(40(
/,(C,9.014,\aa(&;28,(40(Q7;\a\(40(\>]`l(C098J70,2O(/,(b50(20UW1(6,1P
952;(/0([50(,7703,8,4,(,(/,([,-./.,(G5077,($5/01,(e6,1952;O(`a\\f>(R,(
A072.=1(40/(0p(9;-,14,180(1;(9;.19.40(9;1(/,(40(/,2(AD98.-,2(b50(40P
1519.,7;1(0/(402F/,:,-.018;(F;7(C;-3702(,/(-,14;(40(B;/4J1(*H70:O(
,/.,2(h6;1;/09C0iO(3,?;(/,2(=740102(40(E.40/(V(&,7/;2(&,28,T;(G./\a`O(
b5.01(F;2807.;7-0180(20(/,(hA014.=i(,(6,1952;>(
#,/A,8;70(6,1952;O(0/(C;-370(40(9;1c,1:,(40(/;2(C07-,1;2(&,2P
8,T;(C,(2.4;(0/(F;285/,4;(b50(9;1(-,V;7(.12.28019.,(C,(2;/.9.8,4;(/,(
,F/.9,9.=1(40/(*7.19.F.;(40(QF;7851.4,4(F,7,(252(8028,[077;2O(9;1459P
8,(b50(n9;-;(V,(20(-019.;1=n(C.:;(esC,90tf(F,780(40(/,2(F7J98.9,2(
9;-W1-0180( 0-F/0,4,2( F;7( /,( 0-F702,( 97.-.1,/( 9;128.85.4,( F;7( /,(
&,2,(&,28,T;(V(252(,/.,4;2(F,7,(;95/8,7(0/(;7.U01(;(/;2(-.2-;2(3.0102O(
V(,2D(/0U,/.:,7(25(5257F,9.=1g(/,A,7(,98.A;2(F7;A01.01802(;(4028.1,4;2(
,(,98.A.4,402(40/.98.A,2\aoO(70,/.:,7(.1A072.;102(01(F7;A09C;(F7;F.;(;(
,?01;(e017.b509.-.018;(./D9.8;(V(7090F8,9.=1\a]f(;(/,(9;-3.1,9.=1(40(
8;4,2(/,2(,1807.;702\al>
(K/(;87;(F;285/,4;(b50(01870U=(F704.;2(4.7098,-0180(,(/,2(AD98.-,2(9;1(0/(,A,/(40(/,(
E.29,/D,(02(I,/4;-07;(R.1,702O(,/.,2(hG5.//07-;($;7702iO(0p(9;-,14,180(40(/,2('58;P
40[012,2(&,-F02.1,2(40(608,(V(S.9C,4,>
\a\
("3.9,4,(01870(0/(-51.9.F.;(40($.077,/8,(V(6;1807D,O(01(&=74;3,>
\a`
(&NBBg(hK1870U,(4.7098,(40(3.0102(.1-503/02i>
\ao
(B02U5,74,7O(.1A078.7O(87,12F;78,7O(87,12[;7-,7O(9528;4.,7(;(,4-.1.287,7(hvwx(3.0102(
b50(801U,1(25(;7.U01(-04.,8;(;(.1-04.,8;(01(,98.A.4,402(40(vwx(0p8;72.=1O(017.b509.P
-.018;(./D9.8;O(87Jc9;(40(,7-,2(vwx(;(A.195/,4;2(9;1(0/(F7;4598;(40(/;2(40/.8;2(;3?08;(
40(51(9;19.078;(F,7,(40/.1b5.7O(70/,9.;1,4;(9;1(0/(87Jc9;(40(47;U,2(8=p.9,2O(0285F0[,P
9.01802(;(2528,19.,2(F2.9;87=F.9,2O(;(/02(4H(,(/;2(3.0102(F7;A01.01802(40(4.9C,2(,98.A.P
4,402(,F,7.019.,(40(/0U,/.4,4(;(/;2(/0U,/.90O(;95/80(;(019537,(/,(A074,407,(1,857,/0:,O(
;7.U01O(53.9,9.=1O(4028.1;O(-;A.-.018;(;(40709C;(2;370(8,/02(3.0102(;(70,/.90(95,/b5.07(
;87;(,98;(F,7,(;95/8,7(;(019537.7(25(;7.U01(./D9.8;i(e,78D95/;(o`o(40(/,(R0V(ljj(40(`aaaf>
\a]
(*7J98.9,(0?079.4,(F;7(51,(F072;1,(b50(2.1(207(F,780(40(/,2(,98.A.4,402(/D9.8,2(20(404.9,(
,(,4b5.7.7O(F;2007O(9;1A078.7(;(87,12[07.7(hvwx(.1-503/02(b50(801U,1(25(;7.U01(-04.,8;(
;(.1-04.,8;(01(51(40/.8;iO(;(70,/.:,7(hvwx(95,/b5.07(;87;(,98;(F,7,(;95/8,7(;(019537.7(
25(;7.U01(./D9.8;i(e,78D95/;(]]k(40(/,(R0V(ljj(40(`aaaf>
\al
(K/($.0-F;>9;-g(hy6;1;/09C0z(20T,/,(,(9.195018,(8028,[077;2(01870(0-F702,7.;2(V(U,P
1,407;2(40(6;1807D,O('18.;b5.,(V(S,//0(V(&NBB(F,7,2(1;(8.0101(F/,8,O(252(8028,[077;2(
/,(;95/8,1i>
\aa
\\\
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
&;1[;7-0(,(/;(70A0/,4;(F;7(6,1952;O(U0107,/-0180(/;2(8028,[077;2(
07,1(F072;1,2(V(0-F702,2(709;1;9.4,2(b50(9;18,3,1(9;1(9,F,9.4,4(
40(;F07,9.=1(V(9;18,98;2O(b50(,985,7;1(h40(3501,([0iO(F;7(,-.28,4(
F072;1,/( ;( ,c1.4,4( 9;1( /;2( U75F;2( F,7,-./.8,702( ;( F;7b50( [507;1(
;3/.U,4,2(e6,1952;O(`a\\fg(hvwx(/;(//,-,2(V(/;(,-047018,2(V(/0(4.P
902g( y-0( /;( 9,7U,2( ;( -0( /;( 9,7U,2zO( V( 1;( /0( b504,( ;87,( ;F9.=1( b50(
C,907/0i\a^>(K2(F;7(0//;O(b50(40(-,107,(7095770180O(h$7.F/0(&07;i(C,(
2;/.9.8,4;(/,(,F/.9,9.=1(40(4.9C;(F7.19.F.;(F,7,(252(2.-5/,4;702O(01870(
/;2(b50O(,40-J2(40(',7,-('22.,2\akO(C,(-019.;1,4;(,(I01.8;(Q2;7.;(
S.//,4.0U;O( &0/2;( '/[704;( #,/,:,7O( V( ,( 25( 0p( -5?07O( 6,78C,( <0/01,(
@070.pO(/;2(4;2(W/8.-;2(25F5028,-0180(/0(,4-.1.287,3,1(F704.;2(01(0/(
G5,-;O(I;/DA,7(V(01(&=74;3,>(
K1(;985370(40(`a\\O(#,/A,8;70(6,1952;(.1A;9=(150A,-0180(/,(,F/.P
9,9.=1(40/(-019.;1,4;(F7.19.F.;(,([,A;7(40(25(0p(02F;2,O(9;1(0/(c1(
40(01870U,7(b5.190(F704.;2(h,A,/5,4;2(01(;190(-.//;102(40(4=/,702i(
V( 0/( A50/;( [;7028,/( 40( l\a( C098J70,2( 20-37,4,2( 40( ,9,9.,2O( 01( ;9C;(
.1-503/02( /;9,/.:,4;2( 01( $.077,/8,O( &=74;3,\a_>( @0( /;2( .1-503/02(
757,/02( ;[709.4;2( 2.080( V,( [507;1( .19,58,4;2( F;7( 1,79;87Jc9;( V( 01P
870U,4;2(,(/,(0p8.18,(@.7099.=1(N,9.;1,/(40(K285F0[,9.01802(F,7,(25(
,4-.1.287,9.=1g(R,(E50180O(R,(G/;7.,O(R;2('/-0147;2O(I501;2('.702O(
K/(G5,V,3;O(R,(@.9C,(V(R,2(@0/.,2>(*709.2,-0180O(/,([,/8,(40(9/,7.4,4(
1;7-,8.A,(2;370(/,(4028.1,9.=1(40(/;2(3.0102(40(/;2(402-;A./.:,4;2P
F;285/,4;2O( F07-.80( b50( 20( /02( A.195/0( 2.-5/8J10,-0180( ,( F7;902;2(
;74.1,7.;2(40(0p8.19.=1(40(4;-.1.;(F;7(1,79;87Jc9;(V(,/(F7;902;(40(
70F,7,9.=1(40(/,2(AD98.-,2(70U.4;(F;7(/,(R0V(jkl(40(`aal>(
K[098;(40(/;(,1807.;7(02(b50(,(?51.;(40(`a\`O(40/(8;8,/(40(/;2(3.0102(
;[709.4;2(F;7(6,1952;(2;/,-0180(,(8702(20(/02(C,3D,(409708,4;(/,(0pP
8.19.=1(40(4;-.1.;(40187;(40/(F7;902;(40(/,(R0V(jkl(40(`aalg(&,7,70(
V(#,1(!;2H(40/(G5,-;(01(K/(G5,-;O(40F,78,-018;(40(I;/DA,7O(V(S.:P
(h*074=1O(-./(A0902(F074=1ig(#,/A,8;70(6,1952;>(QF>(9.8>
(@KC)*9>((
\a_
(K/($.0-F;g(hI529,(0/(F7.19.F.;(40(;F;7851.4,4(,(9,-3.;(40(01870U,7(3.0102(F,7,(/,(
70F,7,9.=1(40(AD98.-,2i(V(S074,4'3.078,g(hKp(02F;2,(40(6,1952;(2;/.9.8,7J(F7.19.F.;(
40(;F;7851.4,4i>
\a^
\ak
\\`(
0%.3!1+)'8
9,V,(01($.077,/8,O(40F,78,-018;(40(&=74;3,O(F,7,(70F,7,7(,(/,2(AD9P
8.-,2(40(/,2(,985,9.;102(40/(I/;b50(&,8,85-3;(e82?FO(`a\aP3(P(!;7U0(
%AJ1(R,A0740f>(#.1(0-3,7U;O(01(0/([,//;(40(20U514,(.128,19.,(/,(&;780(
#5F70-,(40(!528.9.,O(01(,7,2(40(7;35280907(0/(E;14;(40(B0F,7,9.=1(40(
SD98.-,2O(409708=(/,(0p8.19.=1(40(4;-.1.;(2;370(/;2(F704.;2(#,1(!;2H(
40($.077,/8,O(*7;A.4019.,O(K2F07,1:,("1;O(S.//,('-,/.,O(R,2(*,/-,2O(
<,9.014,(*;//;(E7.;O(<,9.014,(&5-3.,(oO(S.//,(B;2,O(N50A,(@0/C.O(
S.//,( N50A,O( /,( G5,.1.,( V( K/( I;1U;O( ,2D( 9;-;( 2;370( RzK1;809,( 40(
'8/J18.9;(V(/,(2;9.04,4(%1952;/(e&#!O(`a\`P,(P(!;7U0(%AJ1(R,A0740f>(K1(
028,(F7;A.4019.,(20(70A;9=(/,(;7401(40(0p8.19.=1(40(4;-.1.;(2;370(0/(
F704.;(#,1(!;2H(40/(G5,-;O(F502(20(40-;287=(b50(0280(.1-503/0(70P
9/,-,4;(F;7(25(8.85/,7(20(C,3D,(9;1[514.4;(9;1(;87;(40(.U5,/(1;-370(
/;9,/.:,4;(01($.077,/8,O(&=74;3,(e&#!O(`a\`P,(P(!;7U0(%AJ1(R,A0740f>(
'/U51;2(40(02;2(3.0102O(9;-;(20(-019.;1=(,1802O(028J1(,2;9.,4;2(,(
/;2(F7;V098;2(F7;4598.A;2(F,7,(402-;A./.:,4;2(V(;87;2(9;-;(20(402P
97.30(01(20U5.4,(,(70A078.7(0/(8028,[077,8;>
@0(.U5,/([;7-,O(01(/,(20U514,(.128,19.,(40/(F7;902;(9;187,(R,A0740(
40(?51.;(40(`a\`O(/,(&;780(#5F70-,(40(!528.9.,(409708=(/,(0p8.19.=1(40(
4;-.1.;(40/(F704.;(K/(&;78.?;O(0/(b50O(01(`a\\O(C,3D,(;7401,4;(40A;/P
A07(,(#,/A,8;70(6,1952;(@z'1U.;/0//,O(F,470(40/(C;-370(40(9;1c,1P
:,(40(/,(&,2,(&,28,T;(9;-,14,180(e92?O(`a\\P;(P(#,/A,8;70(6,1952;(V(
`a\`P,(P(!;7U0(%AJ1(R,A0740f>
@0(-,107,(,4.9.;1,/O(6,1952;([50(F.;107;(01(,954.7(,(/,(-;4,P
/.4,4(40(402C,907(0/(8028,[077,8;(70U5/,4,(01(/;2(409708;2(70U/,-01P
8,7.;2(40(/,(R0V(jkl(40(`aal\ajO(9;-;(0[098;2(40(/;2(,95074;2(9;1(0/(
G;3.071;( F,7,( 402A.785,7( /;2( 0[098;2( 40( /,2( 2018019.,2( 40( /,( &;780(
&;128.859.;1,/O(F,78.95/,7-0180(/,(70[07.4,(,(/,(;3/.U,9.=1(40(/;2(F;2P
85/,4;2(40(01870U,7(8;4;(/;2(3.0102(01(25(F;407>(
(K/(,78D95/;(\](40/(409708;(ooj\(40(`aa^O(4.2F;10(01(25(807907(.19.2;g(h&5,14;(/;2(
3.0102(40(;7.U01(./D9.8;(40(/;2(-.0-37;2(40/(U75F;(,7-,4;(./0U,/(1;(cU5701([;7-,/P
-0180(,(1;-370(40(/;2(-.2-;2(;(1;(20(0195018701(01(25(F;407O(028;2(40307J1(70,/.:,7(
/;2(,98;2(4.2F;2.8.A;2(10902,7.;2(F,7,(402C,907(/,(2.-5/,9.=1(V(F7;90407(,(25(01870U,(
9;1(4028.1;(,(/,(70F,7,9.=1(40(/,2(AD98.-,2(e702,/8,4;(01(.8J/.9,2([507,(40(80p8;f>
\aj
\\o
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
'(87,AH2(40(02,(-;4,/.4,4(20(3529,3,(70A072,7(/,2(,985,9.;102(F,7,(
;95/8,7(/,2(8.077,2(V(8077.8;7.;2(,4b5.7.4;2(40(-,107,(./0U,/(0(./D9.8,O(-0P
4.,180( 4;1,9.;102O( 9;-F7,A018,2( V( [;7-,/.:,9.=1( 40( 87,12,99.;102O(
8,/(V(9;-;(/;(4;95-018,(/,(#5F07.18014019.,(40(N;8,7.,4;(V(B0U.287;(
01( 9.19;( F704.;2( eS.//,( '-,/.,O( &,7,70O( #,1( !;2H( 40( K/( G5,-;O( K/(
I;1U;(V(K/(&C.-3;7,:;f(b50(25-,1(9079,(40(\>kaa(C098J70,2O(/;9,/.P
:,4;2(01(0/(-51.9.F.;(40(K/(G5,-;O(I;/DA,7(e,10p;(^>(#.-5/,9.;102(
01(F704.;2(40(6,1952;f>($702(C,3D,1(2.4;(,4b5.7.4;2(-04.,180(201P
8019.,(?54.9.,/(,([,A;7(40(K29;/J28.9,(#.077,(S4,>(40(G5:-J1(V(G528,P
A;(G5:-J1(#.077,(01(\_lj(e#,1(!;2H(40(K/(G5,-;(V(K/(I;1U;f(V(@,P
1.0/(&;18707,2(01(\j_k(e&,7,70fO(51;([50(,4?54.9,4;(F;7(0/(%N&QB'(
01\jj\(,(!5/.;(#.7()0F02(eS.//,('-,/.,f(V(&C.-3;7,:;(02(0/(7025/8,4;(
40(51(01U/;30(40(9.19;(F704.;2(70,/.:,4;(F;7(R5:(K/01,(*,/,9.;2(40(
*.104,(01(`aa](e!,9,-,7O(`aa(C098J70,2O(R,(K2-07,/4,O(\oa(V(8702(b50(
20(401;-.1,1(6,8,(*077;O(`aO(_a(V(o_(C098J70,2f>(
'(c1,/02(40(\jjjO(&,7,70O(K/(I;1U;(V(S.//,('-,/.,([507;1(,4b5.P
7.4;2(F;7(%AJ1(@,7D;('77.08,(#J19C0:O(b5.01(20(/;2(01,?01=(,(&0/2;(
'/[704;(#,/,:,7(&,28,T04,O(0/(b50(01(`aak(/;2(4;1=(,(6,1952;>(
R,( c19,( #,1( !;2H( 40( K/( G5,-;O( I;/.A,7( [50( 9;-F7,4,( 01( -,V;(
40(\jj_O(F;7(/,(#;9.04,4('-D1(X/A,70:(V(&D,>(#(01(&O(,(87,AH2(40(25(
70F702018,180(/0U,/O('-,57V('-D1(*7080/8O(-.0-37;(40(51,(c7-,(40(
,3;U,4;2(01(6;1807D,>(K28,(2;9.04,4(/0(87,12c7.=(0/(4;-.1.;(,(&,7/;2(
'7857;(*;2,4,(*087;O(7,4.;,c9.;1,4;(40(02,(9.54,4(70U.287,4;(01(0/(
6.1.2807.;(40(&;-51.9,9.;102O(b5.01(01(`aak(20(/,(A014.=(,(h$7.F/0(
&07;i(F;7(ka(-.//;102>(&;-;(20(20T,/=(,1802O(20(70A;9=(/,(;7401(40(
0p8.1U5.7/0(0/(4;-.1.;(9;1(0/(c1(40(b50([507,(7028.85.4;(4.7098,-0180(
,(b5.01(/;(709/,-=(e&#!O(!;7U0(%AJ1(R,A0740O(`a\`P,(V($#!*O(`a\aP3Pf>(
K20(-.2-;(,T;O(R5:(K/01,(*,/,9.;2(*.104,(/0U,/.:=(F;7(0297.857,(
FW3/.9,(/;2(25F5028;2(,95074;2(90/037,4;2(01870(25(02F;2;(!,.7;(*.P
104,(V(6,1952;O(2;370(/;2(807701;2(01U/;3,4;2(01(0/(F704.;(&C.-P
3;7,:;>(*;2807.;7-0180O(#,/,:,7(&,28,T04,O(,(87,AH2(40(25(,F;407,4;O(
'77.08,( #J19C0:O( /;2( 4;1=( ,( 6,1952;>( &;1( 3,20( 01( /;( 0pF5028;( 20(
;3207A,g
!" R,(0p.28019.,(40(/,(9,401,(40(8028,[077,8;(01(/,2(87,12,99.;102O(
F,78.95/,7-0180( 01( /;2( b50( 0/( A01404;7( e'77.08,( #J19C0:f( 02( 0/(
\\](
0%.3!1+)'8
-.2-;(,F;407,4;(40(b5.01(/0(9;-F7=(e#,/,:,7(&,28,T04,f>(K280(
W/8.-;(4;1,180(40(/;2(8702(F704.;2(,(6,1952;>
!" R;2(AD195/;2(01870(/;2(8702(,98;702(b50(.1807A.0101(01(/,2(-5P
8,9.;102(2;370(0/(F704.;(#,1(!;2H>($;4;2(2;1(40(6;1807D,>(
!" R,(F;2.3/0(5257F,9.=1(40(51(F704.;(40(70[;7-,(,U7,7.,(eS.//,(
'-,/.,f(2;370(0/(b50(20(409708=(/,(0p8.19.=1(40(4;-.1.;(V(25(-;P
108.:,9.=1(F;7(/,(&;780(#5F70-,(40(!528.9.,>
MKfK*80"-%7&'$9-1*7-*/$*b-A*gec*0$"$*/$*"-1,&,:(&)%
@0( /;( 0pF5028;( ,1807.;7-0180( 20( F5040( 9;19/5.7( b50O( F020( ,( /,2(
70A0/,9.;102(2;370(/,(,F7;F.,9.=1(V(,95-5/,9.=1(40(8.077,2(F;7(F,780(
40(.180U7,1802(40(/,2(028759857,2(40(/,(&,2,(&,28,T;O(/,(9;187.359.=1(
0[098.A,(40(/;2(402-;A./.:,4;2(P(F;285/,4;2(01(/,(.4018.c9,9.=1(40(/,2(
8.077,2(V(/,2(AD98.-,2O(,2D(9;-;(25(01870U,(F,7,(/,(70F,7,9.=1(40(/,2(AD9P
8.-,2(02(.19.F.0180(0(.125c9.0180O(/;(b50(40-50287,(/,(,52019.,(40(51,(
A074,407,(A;/518,4(40(95-F/.7(01(/,(-,807.,>('40-J2O(/;2(,/0U,8;2(40(
hK/(6;1;(6,1952;i(,77;?,1(.-F;78,1802(70A0/,9.;102(2;370(/,2(-,P
1.;37,2(0-F/0,4,2(F,7,(;95/8,7(/,2(8.077,2(,7703,8,4,2(,(F,78.95/,702(
V(,/(K28,4;(-04.,180(/,(A.;/019.,(V(0/(0-F/0;(40(/,(-,b5.1,7.,(40(/,(
/0U,/.:,9.=1(40/(402F;?;>(@0(.U5,/([;7-,O(0A.4019.,1(/,2(9;-F/0?.4,P
402(b50(9,7,9807.:,1(/,(.4018.c9,9.=1O(F7;8099.=1(V(7090F9.=1(0[098.A,(
40(/;2(3.0102(F,7,(/,(70F,7,9.=1(40(/,2(AD98.-,2O(V(/,(-,807.,/.:,9.=1(
40(/,(,99.=1(40(0p8.19.=1(40(4;-.1.;(9;187,(/;2(0pF;/.,4;702(/0U,/02(0(
./0U,/02(V(9;187,(/;2(525[75985,7.;2(40/(,99.;1,7(F,7,-./.8,7O(,2F098;2(
b50(2;1(02019.,/02(F,7,(,20U57,7(0/(Hp.8;(40(/,(F;/D8.9,(40(7028.859.=1(
40(8.077,2(V(8077.8;7.;2(F70A.28,(01(/,(R0V(40(SD98.-,2>(
K2(0A.40180(b50(0/(Hp.8;(40(/,(R0V(40(SD98.-,2(028J(,2;9.,4;(,/(9;P
1;9.-.018;(V(,(/,(25F07,9.=1(40(/,2(/.-.8,9.;102(70/,9.;1,4,2(9;1(0/(
[7,9,2;(40(/,(R0V(jkl(40(`aalO(/,2(b50(,(?5/.;(40(`a\`(20(-,1.c028,1(
01(/,(0p.28019.,(40(4;2(2018019.,2(01(c7-0(/50U;(40(2578.720(8;4,2(/,2(
08,F,2(40/(F7;902;(?54.9.,/O(.19/5V014;(0/(.19.40180(40(70F,7,9.=1\\aO(V(
( K/( .19.40180( 40( 70F,7,9.=1( 40/( F7;902;( 9;187,( r4U,7( %U1,9.;( E.077;( E/=70:( ,/.,2(
y@;1('18;1.;z([50(,15/,4;(F,79.,/-0180(e&#!O(`a\`P3(P(K4U,7(%U1,9.;(E.077;(E/;702(V(
'147H2(6,57.9.;($;7702(R0=1f>
\\a
\\l
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
40(-01;2(40(51,(4;901,(40(409.2.;102(01(-,807.,(40(/;2(40709C;2(40(
F7;F.04,4(V(F;202.;102(40(/,2(AD98.-,2O(A,7.,2(40(0//,2(-019.;1,4,2(
01(0280(4;95-018;>(
#.1(F70801407(,3,79,7(8;4,2(/,2(/.-.8,9.;102O(02(F078.10180(0A,/5,7(
V(,4;F8,7(-04.4,2([70180(,(/,(0p.U5,(9,F,9.4,4(V([,/8,(40(9;;74.1,P
9.=1(01870(/,2(,U019.,2(028,8,/02(019,7U,4,2(40(.4018.c9,7O(7095F07,7O(
,4-.1.287,7(V(F7;80U07(/;2(3.0102(./D9.8;2(V(/D9.8;2(40(/;2(F07F087,4;702(
40(-W/8.F/02(97D-0102(9;187,(/,(C5-,1.4,4\\\O(V,(20,(40(/;2(b50(01P
870U,7;1(/,2(,7-,2(V(C,901(F,780(40/(F7;902;(40(!528.9.,(V(*,:O(9;-;(
40(,b50//;2(b50(1;(20(402-;A./.:,7;1(;(b50(1;([507;1(F;285/,4;2(,(
4.9C;(F7;902;O(,2D(9;-;(40(252(,/.,4;2(V(3010c9.,7.;2(40(25(,99.;1,7(
-./.8,7>(
'/(702F098;(A,/0(20T,/,7(b50(/,(.19,F,9.4,4(40(/,(402,F,709.4,('U01P
9.,(*702.4019.,/(40('99.=1(#;9.,/(01(/,(,4-.1.287,9.=1(V(9528;4.,(40(
/;2(3.0102(01870U,4;2(F;7(/;2(F;285/,4;2(V(01(/,(U028.=1(F,7,(9;1970P
8,7(/;2(;[709.-.018;2(70,/.:,4;2(F;7(0//;2O(,2.-./,3/0(,(/,2(40(/,(0p8.18,(
@.7099.=1(N,9.;1,/(40(K285F0[,9.01802(F,7,(,4-.1.287,7(V(4.2F;107(
40( /;2( 3.0102( 01( F7;902;2( 40( 0p8.19.=1( 40( 4;-.1.;( F;7( 017.b509.P
-.018;( ./D9.8;O( /,A,4;( 40( ,98.A;2( V( 1,79;87Jc9;O( 2;1( 9;12528,19.,/02(
,( /,( 1;( 7095F07,9.=1( 40( /;2( F704.;2( 40( /,2( AD98.-,2O( ,( /,2( 9,7019.,2(
40(709572;2(F,7,(/,(70F,7,9.=1(V(,(/,(.-F51.4,4>(K2(F;7(0//;(b50(20(
70b5.070(,4;F8,7(9;77098.A;2(9;1(0/(c1(40(b50(1;(20(70F/.b50(01(/,2(
4;2(150A,2("1.4,402(b50(970,(/,(R0V(40(SD98.-,2O(40(250780(b50(/;2(
(K1870(/,2(018.4,402(9;1([519.;102(01(/,(-,807.,(20(01950187,1g(R,(E.29,/D,(n("1.4,4(
40(R,A,4;(40('98.A;2(V(Kp8.19.=1(40(@;-.1.;(V(/,("1.4,4(r/.80(40(*0720959.=1(40(
I.0102(40(!528.9.,(V(*,:u(V(R,(&0187,/(40(%1A072.;102(n&%#'(V(0/(6.1.2807.;(40(!528.P
9.,( V( 40( @0709C;( 709.0180-0180( b50( 700-F/,:,1( ,( /,( 0p8.18,( @.7099.=1( N,9.;1,/( 40(
K285F0[,9.01802(eR0V(\]lo(40(`a\\f>($,-3.H1(8.0101(9;-F08019.,2(01(02,2(-,807.,2(
0/(%N&Q@KBO(/,(#5F07.18014019.,(40(N;8,7.,4;(V(B0U.287;O(/,2(;c9.1,2(40(9,8,287;O(
1;8,7.,4;O(70U.287;O(/,("1.4,4(E.1,19.07,(40(R,A,4;(40('98.A;2(40/(6.1.2807.;(40(<,P
9.014,(V(/,2("1.4,402('4-.1.287,8.A,2(K2F09.,/02('8019.=1(V(B0F,7,9.=1(%180U7,/(,(/,2(
SD98.-,2(V(40(G028.=1(40(B028.859.=1(40($.077,2(@02F;?,4,2>('(/,2(4;2(W/8.-,2(20(/02(
;8;7U,7;1([519.;102(40(/,(402,F,709.4,('99.=1(#;9.,/O(01870(0//,2(/,(,4-.1.287,9.=1(40(
/;2(4;2([;14;2(F70A.28;2(01(/,(R0V(40(SD98.-,2(P0/(40(70F,7,9.=1(V(0/(40(7028.859.=1(40(
8.077,2P(eR0V(\]]_(40(`a\\f>
\\\
\\^(
0%.3!1+)'8
E;14;2(b50(40301(,4-.1.287,7(9501801(9;1(/;2(709572;2(70b507.4;2(
F,7,(/,(70F,7,9.=1(V(/,(7028.859.=1>(
&;-F/0-018,7.,-0180O(20(70b5.070(51,(0[098.A,(,78.95/,9.=1(01870(
/,(401;-.1,4,(h?528.9.,(87,12.9.;1,/(01(-,807.,(F01,/i(F70A.28,(F,7,(
.1A028.U,7O(?5:U,7(V(2,19.;1,7(,(/;2(,7-,4;2(402-;A./.:,4;2(b50(95-P
F/,1(9;1(/;2(70b5.2.8;2(20T,/,4;2(01(/,(R0V(jkl(40(`aal(P01870(0//;2(
/,( 01870U,( 40( 252( 3.0102( /D9.8;2( 0( ./D9.8;2( F,7,( /,( 70F,7,9.=1P( 9;1( 25(
C;-=/;U,(01(-,807.,(9.A./(eR0V(\]]_O(40(`a\\f>('(25(A0:O(0280(-,79;(
?57D4.9;(40(h?528.9.,(87,12.9.;1,/i(eF01,/(V(9.A./f(70b5.070(207(,78.95/,P
4;(9;1(/,(?528.9.,(F01,/(;74.1,7.,(019,7U,4,(40(/,2(.1A028.U,9.;102(40(
hF,7,F;/D8.9,iO(hF,7,09;1;-D,iO(hF,7,.128.859.;1,/.4,4(9.A./(V(-./.8,7i(
V(1,79;87Jc9;O(V(40(0p8.1U5.7(0/(4;-.1.;(40(/;2(3.0102(,4b5.7.4;2(40(
,98.A.4,402(40/.98.A,2(e017.b509.-.018;(./D9.8;(V(87Jc9;(40(47;U,2O(01P
870(;87,2f>(
#.1(0-3,7U;O(1;(20(9;1;90(9;-;(20(01/,:,7J1(/;2(,985,/02(F7;90P
2;2(40(/,(?528.9.,(F01,/(V(-./.8,7(9;1(/;2(401;-.1,4;2(hF7;902;2(40(
/,(?528.9.,(87,12.9.;1,/i(407.A,4;2(40(/,(R0V02(jkl(40(`aal(V(\]]_(40(
`a\\>(@0(028,(-,107,(20(9;7701(/;2(7.02U;2g(40(,40/,18,7(F7;902;2(40(
7028.859.=1( 40( 8.077,2( b50( 4029;1;:9,1( /,2( .1A028.U,9.;102( ,40/,18,P
4,2( 01( /;2( F7;902;2( F01,/02( ;74.1,7.;2O( -./.8,702( Vq;( 40( 87,12.9.=1u(
U0107,7(9;1d.98;2(40(9;-F08019.,2(01870(/,2(.128,19.,2(702F;12,3/02O(
45F/.9,7(02[507:;2(V(402;F8.-.:,7(/,(7,9.;1,/.4,4(01(/,(.1A072.=1(40(
709572;2O(2.85,9.;102(b50(-01;29,3,7D,1(/;2(40709C;2(40(/,2(AD98.-,2O(
F,78.95/,7-0180(01(-,807.,(40(A074,4O(?528.9.,O(70F,7,9.=1(V(U,7,18D,2(
40(1;(70F08.9.=1>
'4.9.;1,/-0180O(/,(2,8.2[,99.=1(40/(40709C;(,(9;1;907(V(0/(40307(40(
70A0/,7(/,(A074,4(2;370(0/(4028.077;(40(/;2(C,3.8,1802(40/(9,-F;(V(40(
.4018.c9,7(V(2,19.;1,7(,(/;2(702F;12,3/02O(1;(F,7090(028,7(40187;(40(
/;2(;3?08.A;2(40(/,(R0V(40(SD98.-,2O(,(4.[07019.,(40(/;(F70A.28;(01(/,(/0V(
jkl(40(`aal(V(01(/,(R0V(Q74.1,7.,(*01,/O(01(/,2(b50(20(0p.U0(nF;7(/;(
-01;2n(9;1;907(/,(A074,4(?54.9.,/>(&;-;(20(C,(0pF5028;(01(0280(80pP
8;O(028,2(W/8.-,2O(F020(,(252(/.-.8,9.;102O(C,1(9;187.35.4;(,(40A0/,7(/,(
70/,9.=1(01870(/,(9;-.2.=1(40(U7,A02(97D-0102(40(40709C;2(C5-,1;2(
0(.1[7,99.;102(,/(40709C;(.18071,9.;1,/(C5-,1.8,7.;O(9;1(/;2(.18070202(
09;1=-.9;2( 2;370( /,2( 8.077,2( V( /,2( ,/.,1:,2( 9;19078,4,2( 01( 8;71;( ,(
\\k
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
0//;2>(K2(F;7(0//;(b50(20(70b5.070(25(9;-F/0-018,7.04,4(V(0/(4.J/;P
U;(d5.4;(01870(252(;F07,4;702>(#=/;(40(028,(-,107,(20(,A,1:,7J(01(
9;19708,7(/,(.180740F014019.,(01870(0/(40709C;(.1,/.01,3/0(,(/,(70F,7,P
9.=1(.180U7,/O(,(87,AH2(40(/,(7028.859.=1(40(/;2(3.0102O(/,(.140-1.:,9.=1(
V( /,( 9;-F012,9.=1( 40( /;2( 4,T;2( 25[7.4;2O( 9;1( /,( 70,/.:,9.=1( 40( /;2((
40709C;2(8,-3.H1(.1,/.01,3/02(,(/,(A074,4(V(,(/,(?528.9.,>(K1(F,/,37,2(
40(/,(&;780(0//;(.-F/.9,O(40(51,(F,780g
hvwx(9;1;907(/,(,58;7D,(40/(97.-01u(/;2(-;8.A;2(V(/,2(9.795128,19.,2(
40(8.0-F;O(-;4;(V(/5U,7(01(b50(;9577.07;1(/;2(C09C;2(40/.98.A;2u(VO([.P
1,/-0180O(0/(F,87=1(97.-.1,/(b50(-,79,(/,(9;-.2.=1(40(/;2(C09C;2(97.-.P
1,/02iO(,2D(9;-;(9;1;907(hvwx(2.(0/(40/.8;(b50(20(.1A028.U,(9;128.85V0(51(
97.-01(40(U5077,(;(51(97.-01(40(/02,(C5-,1.4,4i
)O(40(/,(;87,g(
vwx(/,(;3/.U,9.=1(v028,8,/x(40(.1A028.U,7O(?5:U,7(V(9;1401,7(,(/;2(702P
F;12,3/02iO(hvwx(2.1(4.28.1U5.7(2.(20(87,8,(40(F,78.95/,702(;(207A.4;702(
FW3/.9;2O(vwxi>(e&;780O(`aakf>
E.1,/-0180O(/;2(70.807,4;2(,?52802(V(9,-3.;2(01(-,807.,(40(3.0102(
40(/,2(.128,19.,2(028,8,/02(40(/,(R0V(jkl(0A.4019.,1(/,2(57U019.,2(40(9,P
F,9.8,9.=1(V(018701,-.018;(01(0/(0187,-,4;(9;-F/0?;(1;7-,8.A;(b50(
70U5/,(/;2(40709C;2(2;370(/,(8.077,(V(8077.8;7.;2(01(&;/;-3.,O(0/(b50(20(
,90185,7J(2.1(/5U,7(,(454,2(9;1(/,2(709/,-,9.;102(b50([;7-5/01(/;2(
U75F;2(H81.9;2(V(/,2(-5?0702>
\\_(
!02W2('3,4(&;/;7,4;(m
0%.3!1+)'",
#+'-#&.)C)D'E#&!$%!#F"%'-#'+%'#/.$#&%'
0$"/"*%+G
R,( 0pF,12.=1( V( 9709.-.018;( 40( /,2( 028759857,2( 40( /,( &,2,( &,28,T;O(
.40=/;U,(V(970,4;7,(40(/,2('&&"(V(/,2('"&(01(/,2(70U.;102(;3?08;(40(
0280(4;95-018;(e9,FD85/;(F7.-07;f(V(/,(9,7,9807.:,9.=1(40(/,2(70U.;P
102(b50(C.9.07;1(F702019.,(/,2('&&"O(,2D(9;-;(40(/,(h9;187,770[;7P
-,(,U7,7.,i(-04.,4,(F;7(/,([507:,(V(/,(A.;/019.,(01(3010c9.;(40(/;2(
,2;9.,4;2(,(/,(b5D185F/0(,/.,1:,O(40(51,(F,780O(V(/,2(A072.;102(40(/;2(
F;285/,4;2(V(;87,2(409/,7,9.;102(2;370(/;2(-=A./02(40/(402F;?;(V(252(
F;2.3/02(,58;702(.180/0985,/02(V(525[75985,7.;2O(,2D(9;-;(0/(3,/,190(01(
7;?;(01(/,(01870U,(40(8.077,2(F,7,(/,(70F,7,9.=1(01(0/(F7;902;(40(/,(R0V(
jkl(e9,FD85/;(807907;f(V(/,(9,7,9807.:,9.=1(40(/,2(70U.;102(b50(C.9.07;1(
F702019.,(/,2('&&"(e9,FD85/;(20U514;f(?518;(9;1(/,2(A072.;102(40(/;2(
F;285/,4;2(V(;87,2(409/,7,9.;102(2;370(/;2(-=A./02(40/(402F;?;(e9,FDP
85/;(807907;fO(F07-.80(,9079,720(,(/,(/=U.9,(09;1=-.9,(8077.8;7.,/(b50(
40807-.1=(25(0pF,12.=1(01(0/("7,3JO(/,(70U.=1(&,7.30(V(0/(N;780(40(
#,18,1407>(K28,(F07A072,(/=U.9,(09;1=-.9,(40(h9;187,770[;7-,(,U7,P
7.,i(-04.,4,(F;7(/,([507:,(V(/,(A.;/019.,(01(3010c9.;(40(/;2(,2;9.,4;2(
,(/,(b5D185F/0(,/.,1:,O(20([,A;709.=(40(/,2([,A;7,3/02(9;14.9.;102(U0;P
U7Jc9,2(40(/,2(70U.;102(20/099.;1,4,2(V(25(U7,1(F;8019.,/(40(0pF/;P
8,9.=1(09;1=-.9,(40(9,7J9807(/D9.8;(0(./D9.8;>(K1(0280(02901,7.;O(H/.802(
F;/D8.9,2(V(09;1=-.9,2O(.180U7,1802(40(/,([507:,(FW3/.9,(V(-,c,2(40/(
1,79;87Jc9;O(2;/.9.8,7;1O(F7;-;A.07;1O(c1,19.,7;1(;(9;-,14,7;1(2.1(
10902.4,4(40(207(-.0-37;2(;7UJ1.9;2(40(/,2(028759857,2(F,7,-./.8,702O(
25(F702019.,(V(0pF,12.=1(F;7(8;4;(0/(F,D2>(
&;1(3,20(01(/;(,1807.;7O(257U0(/,(F70U518,(2;370(/,(0p.28019.,(;(1;(
40(51,(0287,80U.,(-,97;97.-.1,/(40(402F;?;(40(8.077,2(V(8077.8;7.;2(V(40(
25(/0U,/.:,9.=1O(V(40(9=-;(F,78.9.F,7;1(V(20(3010c9.,7;1(40(0//,2(/;2(
,/.,4;2(40(/,(b5D185F/0(,/.,1:,(40/.98.A,(U028,4,(F;7(/,(&,2,(&,28,T;g(
F,7,-./.8,702O(F;/D8.9;2(V(;87;2(207A.4;702(FW3/.9;2(9.A./02(ehF,7,F;/DP
\`\
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
8.9,i( V( hF,7,.128.859.;1,/.4,4( 9.A./ifO( -./.8,702( ehF,7,.128.859.;1,/.,4(
-./.8,7ifu(H/.802(/;9,/02(F;/D8.9,2O(09;1=-.9,2(V(0-F702,7.,/02(ehF,7,0P
9;1;-D,i(V(hF,7,0-F702,7.2-;ifO(V(1,79;87,c9,1802(87,12[;7-,4;2(
01(F,7,-./.8,702(;(1;(ehF,7,1,79;87Jc9;i(;(h1,79;F,7,-./.8,7.2-;if>(
K2F09.,/-0180(95,14;(/,(2.-3.;2.2(40(4.9C;2([01=-01;2(V(25(70/,P
9.=1(9;1(/,(709;1cU57,9.=1(40/(K28,4;(1;(F5040(402/.U,720(40(c102(
40(017.b509.-.018;(F7;F.;(;(,?01;(V(70[7014,9.=1(40(028,852(2;9.,/02(
V(F;/D8.9;2(01953.078;2(3,?;(/,(708=7.9,(40(0/.-.1,7(/,(253A072.=1>(
*,7,(702F;1407(,(028,(F70U518,O(01(0/(F7020180(9,FD85/;O(01(F7.-07(
/5U,7(20(C,90(51,(370A0(40297.F9.=1(40(/,(&,2,(&,28,T;(V(40(25(0pP
F,12.=1>(K1(20U5.4,(20(9;-018,1(/;2(0/0-018;2(b50(9,7,9807.:,7;1(/,(
0-F702,(97.-.1,/([;7?,4,(F;7(/;2(C07-,1;2(&,28,T;>('(9;18.15,9.=1O(
01(8;71;(,(4.9C;2(0/0-018;2O(20(C,90(70[07019.,(,/(-;40/;(40/(402F;?;(
40(/;2(8D85/;2(9;/098.A;2(40(,[7;4029014.01802(40(/,2(95019,2(40(/;2(
7D;2(&57A,7,4=(V(!.U5,-.,14;>(&;1(3,20(01(020(-;40/;(V(01(/;2(0/0P
-018;2(b50(4,1(95018,(40(51(F,87=1(40(A,9.,-.018;(V(,802;7,-.018;(
40(8.077,2(V(40/(52;(40(/,(-,b5.1,7.,(028,8,/(F,7,(-;18,7(51,(h0-F702,(
40(/0U,/.:,9.=1(40/(402F;?;i(80140180(,(h[;7-,/.:,7i(/,2(8.077,2(,4b5.P
7.4,2(;(/,2(8.077,2(h7095F07,4,2iO(01(807907(/5U,7O(20(,/540(,(/;2(*7;V09P
8;2(*7;4598.A;2(F;7(/,(*,:(40(,/.,2(h$7.F/0(&07;i(V(,/.,2(hK/('/0-J1iO(
V( 01( 20U5.4,O( 20( 9;-018,1( /;2( 9,2;2( 40( /,( ,F7;F.,9.=1( 40( 8.077,2( V(
8077.8;7.;2( 01( /;2( b50( 20( C,1( ,4;F8,4;( 409.2.;102( ?54.9.,/02( 01( /;2(
F7;902;2(40(!528.9.,(V(*,:(b50(.1A;/597,1(,(h!;7U0(]aiO(hK/('/0-J1i(V(
h*047;(I;1.8;i>(*,7,(c1,/.:,7(20([;7-5/,1(,/U51,2(70d0p.;102(2;370(
/,(7028.859.=1(40(8.077,2(01(/,(R0V(40(SD98.-,2>
:5##+'!"#$%&"'()*+#,'-#'+%'0%&%'0%&!%4)
R;2(8702(C07-,1;2(&,28,T;(G./g(E.40/O(&,7/;2(V(S.90180O(;7.U.1,7.;2(
40('-,/cO(51(F0b50T;(F503/;(40('18.;b5.,O(F,409.07;1(0/(,202.1,8;(
40( 25( F,470O( 25F5028,-0180( ,( -,1;2( 40( /,( U5077.//,( 40( /,2( E507:,2(
'7-,4,2(B0A;/59.;1,7.,2(40(&;/;-3.,(eE'B&fO(01(\j_aO(,2D(9;-;(/,(
FH74.4,(40/(F704.;(F,8071;(K/(<514.4;7O(/;9,/.:,4;(9079,(40(#0U;A.,>(
K28,2(2.85,9.;102O(20UW1(&,7/;2(&,28,T;O(-;8.A,7;1(,(E.40/(,(9;1A07P
8.720(hvwx(01(/;(b50([50(C,28,(0/(4D,(40(25(-50780(vwx(51,(-Jb5.1,(
40(C,907(F/,8,i(V(51(h,18.253A072.A;(C,28,(/;2(85H8,1;2i(b50(1;(801D,(
h0297WF5/;2i(F,7,(;380107(.1U702;2(F,7,(/,(U5077,(V(25(017.b509.-.01P
\``(
0%.3!1+)':
8;(F072;1,/(e'7,1U5701O(`aajf>(K1(0280(,[J1(40(7.b50:,(V(F;407([50(
2;9.;(40(*,3/;(K29;3,7(,(b5.H1(402F5H2(9;-3,8.=(9;1(hR;2(*0F02iO(
9079,1;(,(F;/D8.9;2(V(0-F702,7.;2(V(,-.U;(40(0p(-./.8,702(.27,0/D02>(
'(c1,/02(40(/;2(,T;2(;9C018,O(E.40/(&,28,T;(9;1[;7-=(9;1(70957P
2;2(F7;F.;2(F7;A01.01802(40(,98.A.4,402(40(1,79;87Jc9;O(9;187,3,14;O(
7;3;(40(9,3,//;2O(-079,19D,2(V(-,407,O(01870(;87;2(eB;-07;O(`aaofO(V(
9;1(0/(,F;V;(c1,19.07;(V(/;UD28.9;(40(U,1,407;2(40(S,/019.,(V($.077,/P
8,\\`(V(40(-./.8,702\\oO(0/(U75F;(hR;2($,1U507;2i(;(h'58;40[012,2(40/(
6;1;(R=F0:iO(n1;-370(9;1(0/(b50(02(9;1;9.4;(0/(0p(U;3071,4;7(40(
&=74;3,(.1A028.U,4;(F;7(F,7,F;/D8.9,(V(,952,4;(40(207(51;(40(/;2(252P
97.F8;702(40/(*,98;(40(B,/.8;O(b50(801D,(01870(252(9;-08.4;2(h70[514,7(
/,(F,87.,in\\]O(01(95V,([;7-,9.=1(F,78.9.F=(#,/A,8;70(6,1952;O(b5.01(
vwx(9;12.U5.=(/,2(,7-,2(9;1(,V54,(40/(K?H79.8;(V(1,9.07;1(R;2($,1P
U507;2O( ,58;40[012,2( 9;-,14,4,2( F;7( E.40/( &,28,T;O( b50( 8;-,7;1( 0/(
1;-370(40(/,([.19,(R,2($,1U,2O(b50(&,28,T;(/0(C,3D,(5257F,4;(,(51,(
[,-./.,(,18.;b50T,(vwx\\l>(
'(/,(-50780(40(E.40/(&,28,T;O([514,4;7(40(/,(&,2,(&,28,T;O(0/(/0U,P
4;(,(252(C07-,1;2O(&,7/;2(V(S.90180O(1;(2=/;(9;12.28.=(01(87,12-.8.7P
/02(25(;3202.=1(,18.253A072.A,(V(40(207(h51(C;-370(7.9;i(e'7,1U5701O(
`aa\g(F>(_`fO(2.1;(b50(8,-3.H1(/;2(F70F,7=(F,7,(9;187;/,7(/;2(8077.8;P
7.;2(7095F07,4;2(40(/,2(U5077.//,2(V(U0107,7(709572;2(0(.1A078.7/;2>(
'/(702F098;O(&,7/;2(&,28,T;(V(&,7/;2(6,57.9.;(G,79D,O(,/.,2(h@;3/0(
&07;i(20(70c0701(/,(8J98.9,(40(E.40/(hvwx(9;-F7,7(8.077,2(V(C,907(87,P
3,?;(2;9.,/iO(9;-;(0287,80U.,(F,7,(0?07907(F;407(2;9.,/(V(09;1=-.9;(
01( /,2( 70U.;102( b50( 9;187;/,3,1( e'7,1U5701O( `aa`f>( #0( 9,/95/,( b50(
0/( [514,4;7( 40( /,( &,2,( &,28,T;( //0U=( ,( F;2007( -J2( A0.180( -./( C09P
8J70,2(01(&=74;3,(V("7,3J(eB;-07;O(`aaof>(K1(807701;2(40(51;(40(
252(F704.;2O(R,2($,1U,2O(20UW1(1,77=(G,79D,O(.-F5/2=(51(F7;902;(40(
h70[;7-,( ,U7,7.,( .180U7,/i( e&.A.9;O( `aajf( F,7,( /;( b50( 9;128.85V=( /,(
(B*').):K#*'&.g(hR;2(&,28,T;O(yR;2($,1U507;2z(V(0/(;7.U01(40/(I/;b50(I,1,107;(01(
0/("7,3Ji>
\\o
(B*').):K#*'&.g(hyB,-3;zO(E.40/(&,28,T;i>
\\]
(hR;2(&,28,T;O(yR;2($,1U507;2z(V(0/(;7.U01(40/(I/;b50(I,1,107;(01(0/("7,3JiO(;F>(
9.8>O(V(40801.4;(!02W2(6,7D,(R=F0:(G=-0:O(0p(U;3071,4;7(40(&=74;3,>
\\l
(B*').):K#*'&.g(hyK/(6;1;(6,1952;zO(#,/A,8;70(6,1952;i>
\\`
\`o
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
E514,9.=1(F,7,(/,(*,:(40(&=74;3,(eE51F,:9;7fO(,4-.1.287,4,(F;7(#;7(
$0702,(G=-0:(X/A,70:O(,985,/-0180(.1A028.U,4,(F;7(252(AD195/;2(9;1(
/,(,F7;F.,9.=1(./0UD8.-,(0(./0U,/(40(8.077,2O(/,(b50(3010c9.=(,(-.0-37;2(
,98.A;2(40(/,(&,2,(&,28,T;(V(,(0-F702,7.;2(0(.128.859.;102(9;-;(0/(
E;14;(G,1,407;(40(&=74;3,O(8,/(V(9;-;(20(40297.30(-J2(,40/,180>(
K1(F,/,37,2(40(&,7/;2(&,28,T;g(
'/(01870U,7/0(8.077,(,(-J2(40(9.19;(-./([,-./.,2(V(-59C;2(0p(U5077.//0P
7;2(40/(U75F;(K*RO(2.1(454,(9,F8J3,-;2([507:,(2;9.,/O(V([507:,(2;9.,/(02(
F;407(e'7,1U5701O(`aa\g(F>(_`f>
R,2(8.077,2([507;1(904.4,2(,(0p(U5077.//07;2(40/(K?H79.8;(40(R.307,P
9.=1(*;F5/,7(eK*Rf(402F5H2(40(/,2(402-;A./.:,9.;102(40(020(U75F;(V(
40(25(70.12079.=1(3,?;(0/(6;A.-.018;(K2F07,1:,O(*,:(V(R.3078,4O(V(,(
-.0-37;2(40(hR;2($,1U507;2i(40(E.40/(&,8,T;>('180(/,(,770-08.4,(
40(/,2(E'B&(b50(1;(20(C.9.07;1(F,780(40(/;2(,95074;2(40(F,:(40(\jj\O(
20(70975409.=(0/(,99.;1,7(40(/,(&,2,(&,28,T;(01(/,(70U.=1(V(,/U51;2(
-.0-37;2(40/(K*R(0187,7;1(,(01U7;2,7(/,2(c/,2(9;-,14,4,2(F;7(E.P
40/O(V([507;1(/;2(b50(20UW1(,/.,2(h<<i(eS0/;:,O(`a\\f(40c1.07;1(-5P
9C,2(40(/,2(,99.;102(97.-.1,/02(F07F087,4,2(9;187,(/;2(C,3.8,1802(40(
/,2(70U.;102(01(b50(;F07=(0/(,58;401;-.1,4;(hI/;b50(I,1,107;i>(
'202.1,4;(E.40/O(&,7/;2(&,28,T;O(,(b5.01(//,-,3,1(hK/(*0/,4;i(20(
404.9=(,(F07[099.;1,7(0/(4.29572;(,18.253A072.A;(9;1(0/(,F;V;(40(F07P
2;1,2( ,-F,7,4,2( 01( /,( /0U,/.4,4( 9;-;( B;47.U;( G,79D,\\^O( 0p( F702.P
40180(40/(E;14;(G,1,407;(40(&=74;3,O(,(b5.01(//,-,3,(25(h20U514;(
F,470i(e'7,1U5701O(`aa\fO(0(./0U,/02(9;-;(h@;3/0(&07;iO(0/(0p(9;P
-,14,180(40/(I/;b50(6087;O(,(b5.01(/0([50(019,7U,4,(/,([;7-,9.=1(
F;/D8.9;P-./.8,7(40(/;2(.180U7,1802(40(/,2('58;40[012,2(&,-F02.1,2(40(
&=74;3,(V("7,3JO(970,4,2(01(\jj]O(0/(-.2-;(,T;(01(b50(20(F;202.;1=(
X/A,7;("7.30(SH/0:(9;-;(U;3071,4;7(40('18.;b5.,(eB;-07;O(`aaof>(
#5(C07-,1;O(S.90180(&,28,T;O(9;1;9.4;(9;-;(hK/(*7;[0i(;(h),P
75-;iO(402-;A./.:,4;(9;1(0/(I/;b50(&018,57;2O(20(019,7U=(40(/,(U02P
8.=1(0-F702,7.,/(V(c1,19.07,(40(/,(&,2,(&,28,T;O(b50(.19/5D,(/,(,F7;P
F.,9.=1(40(F704.;2(573,1;2(V(40(8.077,2(,(F709.;2(.77.2;7.;2O(-04.,4,(
(E50(9,F857,4;(01(`aaj(V([,//09.=(01(0107;(40(`a\\>
\\^
\`](
0%.3!1+)':
F;7(0/(8077;7(V(/,([507:,O(V(/,(F7;-;9.=1(40(10U;9.;2(/D9.8;2(0(./D9.8;2(
e6,1952;O(`a\\f>
K2(,2D(9;-;(3,?;(0/(/.407,:U;(40(/;2(9.8,4;2(8702(C07-,1;2(20(9;1P
2;/.4,(0/(F;407(40(/,(&,2,(&,28,T;(01(0/("7,3J(9C;9;,1;O(9;74;3H2(
V(,18.;b50T;O(,(87,AH2(40(/;2(U75F;2(b50(/,(.180U7,7;1>(K/(/.407,:U;(
40(/;2(C07-,1;2(&,28,T;([50(409.2.A;(01(/,(0pF,12.=1(40(/;2(U75F;2(
F,7,-./.8,702O( 403.4;( ,( 25( 40807-.1,180( 9;187.359.=1( 01( /,( [;7-,P
9.=1(V(01(0/([;78,/09.-.018;(40(/;2(F7.19.F,/02(U75F;2(40(,58;40[012,2(
9,-F02.1,2(01(0/(/.8;7,/(&,7.30(V(01(N;780(40(#,18,1407O(01870(;87,2(
:;1,2( 40( /,( U0;U7,[D,( 1,9.;1,/>( *,78.95/,7-0180O( ,( S.90180( &,28,T;(
20(/0(.4018.c9,(9;-;(51;(40(/;2(/D40702(40(/,(,F7;F.,9.=1(./0UD8.-,(40(
3.0102(-503/02(0(.1-503/02(e6,1952;(V(S0/;:,O(`a\\f(01(0/("7,3J(
eS07g( 402F;?;( 01( !.U5,-.,14=( V( &57A,7,4=( V( $5/,F,2g( @02F;?;( 01(
:;1,2(40(hK/('/0-J1if(V(01(;87,2(70U.;102(40/(F,D2O(01(02F09.,/(/,(40(
/;2(//,1;2(Q7.018,/02O(,/U51;2(40(/;2(95,/02(20(01950187,1(01(F7;902;(
40(0p8.19.=1(40(4;-.1.;(,180(/,("1.4,4(40(Kp8.19.=1(40(@;-.1.;(V(
R,A,4;(40('98.A;2O(9;-;(6;1809,2.1;2O(/,(702.4019.,(40(/;2(C07-,P
1;2(&,28,T;(01(6040//D1(e&#!O(`a\\P.(P(!;2H(%U1,9.;(B;/4,1(*H70:(P(
0p8.19.=1(40(4;-.1.;f>
R50U;(40(/,(-50780(40(E.40/(&,8,T;O(/,(0287,80U.,(40(0pF,12.=1(V(
9709.-.018;(40(/,(&,2,(&,28,T;([50(/.407,4,(F;/D8.9,-0180(F;7(&,7/;2(
&,28,T;(V(09;1=-.9,-0180(F;7(,/.,2(hK/(*7;[0iO(,(b5.01(,/.,2(hS09.P
1;i(401;-.1=(0/(h907037;(40(/,(0pF,12.=1(F,7,-./.8,7i\\k>(#,/A,8;70(
6,1952;O(U,1,407;(40(&=74;3,O(9;-,14,180(40/(I/;b50(&=74;3,(V(
b5.01(20UW1(&,28,T;O(/0(4.;(h028,852(2;9.,/i(,(/,(&,2,(&,28,T;(e'7,1P
U5701O(`aajfO([50(0/(019,7U,4;(40(3529,7(/;2(,F;V;2(40(/,2(H/.802(70U.;P
1,/02(028,3/09.4,2(V(0-07U01802O(01870(0//,2(hvwx([,-./.,2(F7028,1802(
V(70F702018,8.A,2O(9;1(/.407,:U;(09;1=-.9;(V(F;/D8.9;i(e&#!O(`a\aPU(
P(!;7U0(40(!02W2(&,287;(*,9C09;f>(6,1952;(/;(40297.30(40(/,(2.U5.0180(
-,107,g(
vwx(51,(0287,80U.,(b50(9;12.28.=(01(45F/.9,7(0/(0p.8;2;(-;40/;(40(,5P
8;40[012,2(970,4;(F;7(/;2(C07-,1;2(&,28,T;(01(0/("7,3J(,18.;b50T;(V(
(B*').):K#*'&.g(hS.90180(&,28,T;([50(0/(907037;(40(/,(0pF,12.=1(yF,7,zi(eS09.1;f>
\\k
\`l
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
01(&=74;3,O(V,(9;1(-.(F,78.9.F,9.=1O(C,9.,(0/(7028;(40(/,(9;28,('8/J18.9,O(
F;7(02;(1;2(4.-;2(,(/,(8,70,(40(53.9,7(V(709/58,7(,40F8;2(01(;87;2(40P
F,78,-018;2(b50(9;-F,78.07,1(150287,(9;1A.99.=1(,18.253A072.A,O(V(b50(
85A.07,1(51,(;(A,7.,2(40(/,2(9,7,9807D28.9,2(40/(F07[./(70b507.4;(F;7(1502P
87,(;7U,1.:,9.=1(F,7,(b50([51U.07,1(9;-;(/D40702(01(4.[0701802(-,8.902(
F7;F.9.;2(F,7,(0/(;3?08.A;(b50(01(02,(HF;9,(1;2(,/018,3,g(/,(0pF,12.=1(40(
150287;(-;A.-.018;(9;1(/,(9;7702F;14.0180(/.307,9.=1(40(/;2(8077.8;7.;2(
9;280T;2(b50(01(020(-;-018;(20(019;187,3,1(01(-,1;2(40(/,(U5077.//,(
vwx(e6,1952;O(`aakf>
&;12;/.4,4,(/,(&,2,(&,28,T;(9;1(252(,/.,4;2(01(0/(40F,78,-018;(40(
&=74;3,(V(01(0/("7,3J(9C;9;,1;P,18.;b50T;O(&,7/;2(&,28,T;(/0(,2.UP
1,(,(#,/A,8;70(6,1952;(,-F/.,7(25(9;307857,(V(9;1[;7-,7(0/(I/;b50(
N;780O(-04.,180(/,(-5/8.F/.9,9.=1(40(/,2(&QNS%S%BK#(e@K#)*9f>(#0P
UW1(6,1952;O(01(/,(9;1[;7-,9.=1(40(/,2(&QNS%S%BK#(01("7,3J(20(
9;18=(9;1(0/(,F;V;(40(F072;1,/.4,402(/;9,/02(V(1,9.;1,/02O(01870(0//,2(
*047;(!5,1(6;701;O(0p(209708,7.;(40(/,(G;3071,9.=1(40('18.;b5.,(V(
0p(,202;7(40/(F702.40180(X/A,7;("7.30(SH/0:\\_O(40(b5.01(,c7-,(9;-P
F,78D,( /,( .40;/;UD,( 40( /,2( ,58;40[012,2O( V( <07-,1( '7.,2( G,A.7.,O( 0p(
25F07.180140180(V(0p(F072;107;(40(I;U;8J\\j>(K2(,(87,AH2(40(/,2(&;;P
F07,8.A,2(40(S.U./,19.,(,/(,-F,7;(40(/,(1;7-,8.A,(b50(F7;F.9.,3,(/,(
;7U,1.:,9.=1(-./.8,7(40(/;2(9.A./02O(20(028709C,1(V([;78,/0901(/,2(,/.,1P
:,2(01870(/,(&,2,(&,28,T;(9;1(H/.802(F;/D8.9,2(V(207A.4;702(FW3/.9;2\`aO(
8,/(V(9;-;(20(C,(0A.4019.,4;(01(/;2(F7;902;2(40(!528.9.,(V(*,:(V(40(/,(
F,7,F;/D8.9,O(01(/;2(b50(20(C,(-019.;1,4;O(01870(;87,2(,(/,2(&QNS%P
S%BK#(h*,F,U,V;iO(01(/,(b50(20(9;12.U1,3,1(/,2(9;187.359.;102(40(
/;2(0-F702,7.;2(40/(0?0(3,1,107;(40("7,3Ju(/,(hN50A;('-,10907iO(40(
!,A.07(*.047,C.8,O(401519.,4;(F;7(25(9079,1D,(,(/;2(Q9C;,(SJ2b50:u(
( B*').):K#*'&.g( h#0UW1( 6,1952;( *047;( !5,1( 6;701;( ,V54=( ,( /,2( '"&( ,( -;18,7(
&QNS%S%B(01("7,3J(V(/;2(yU5,74,4;2z(40(6,1952;i>
\\j
(B.$A,.')#.!X#K*'.0g(hy<07-,1('7.,2(G,A.7.,(-0(4.;(/,(/.9019.,(F,7,(970,7(-.(y&QNP
S%S%Bzg(6,1952;i>
\`a
(*,7,(-,V;7(.1[;7-,9.=1(2;370(/,2(&QNS%S%B(A07g(01870(;87,2(/,(2018019.,(40(/,(
&;780( #5F70-,( 40( !528.9.,( b50( 9;1401=( ,( ,/.,2( [email protected];( S09.1;i( V( h!5,19C;( @.b50i(
e&#!O(`a\\PU(#0U514,(.128,19.,>(K4Y,7(&;3;2($H//0:(V("307(K17.b50(I,1b50:(6,78DP
10:f>
\\_
\`^(
0%.3!1+)':
h#.080(&507;2i(V(hG5,V,9,102iO(40(!;2H(6,7D,(I,7707,O(,/.,2(h&C0F0(
I,7707,iu(h<;7.:;180i(V(hG5,V-,7,/iO(40(#,/A,8;70(6,1952;u(h'3.P
30iO(40(h6;1;/09C0iu(hR;2('77,V,102O(40(!5,1(E7,19.29;(*7,4,(6J7P
b50:O(,/.,2(h!5,19C;(*7,4,iu(hQ7401(V(@02,77;//;iO(40(#,/;-=1(E07.2(
&C,4.4O(,/.,2(ha_iO(VO(F702518,-0180O(/,2(40/(02F;2;(40(K1./90(R=F0:O(
,/.,2(hR,(G,8,i>
R,(&,2,(&,28,T;(970=O(01(\jj]O(/,2('&&"O(b50(20(0p8014.07;1(F;7(
8;4,(/,(U0;U7,[D,(40/(F,D2O(U7,9.,2(,/(,F;V;(40(H/.802(F;/D8.9,2O(2;9.,/02O(
09;1=-.9,2(V(-,c;2,2O(9;1(/;2(b50(9;-F,78D,1(.18070202O(8,/(V(9;-;(
/;(40297.3.=(6,1952;g(
vwx(0-F.0:,1(,(207(51(-;A.-.018;(40(-./02(40(C;-3702(V(9;1(51,(
F702019.,(8077.8;7.,/(b50(,3,79,3,(51,(807907,(F,780(40/(F,D2>(#.1(b50(F07P
4.07,1( 25( 9,7J9807( 40( ./0U,/O( 85A.07;1( b50( -58,7( F,7,( 2;370A.A.7( 01( 25(
150A,([;7-,O(V(02,(1;(F54;(207(;87,(4.28.18,(,(/,(,58;1;-D,(40(b5.0102(
0?0958,3,1( /,( /59C,( ,18.253A072.A,( 0?079.4,( 01( /;2( 8077.8;7.;2( b50( 9,4,(
b5.01( .3,( /.307,14;( V( ;95F,14;O( F,7,( /;( 95,/( 07,( .-F7029.14.3/0( /,( /.P
3078,4(,4-.1.287,8.A,O(4.29.F/.1,7.,O([.1,19.07,O(F;/D8.9,(e6,1952;O(`aa^f>
K/(J1.-;(0pF,12.;1.28,(40(/,(&,2,(&,28,T;(4.;(/5U,7(,(/,(970,9.=1(
01(\jjk(01(/,2('58;40[012,2("1.4,2(40(&;/;-3.,(e'"&f(7;352809.P
4,2O(40(51(/,4;O(F;7(0/(.1U702;(40(1,79;87,c9,1802(V(40/(;87;(F;7(/,(
.1-072.=1(40(/,2(028759857,2(40(/,(&,2,(&,28,T;(01(0/(10U;9.;(40(/;2(
1,79=8.9;2O(/,(9,F857,(40(7018,2(FW3/.9,2O(/,(,F7;F.,9.=1(V(;95F,9.=1(
./0U,/(V(A.;/018,(40(8.077,2(V(8077.8;7.;2O(V(/,(F5028,(01(-,79C,(40(F7;P
V098;2(,U7;.145287.,/02O([;7028,/02(V(-.107;2(n80-,2(,(/;2(b50(20(C,90(
70[07019.,(-J2(,3,?;n>(@0(/,2('"&(C.9.07;1(F,780(/,2('58;40[012,2(
&,-F02.1,2(40/(6,U4,/01,(604.;(e'&66f(V(/,2('58;40[012,2(&,-P
F02.1,2(40/(&,2,1,70(e'&&fO(,40-J2(40(;87,2(028759857,2(A.195/,4,2(
4.7098,-0180(,/(1,79;87Jc9;O(01870(0//,2(/,2(b50(9;1[;7-,7;1(0/(I/;P
b50(&0187,/(I;/DA,7(eI&If>(
K1(?5/.;(40(`aa\O(0/(019,7U,4;(40(/,(0pF,12.=1(-./.8,7O(#,/A,8;70(
6,1952;O(9;1A;9=(,(F;/D8.9;2(V(;87,2(F072;1,/.4,402(,(/,(7051.=1(01(
#,18,( E0( 40( B,/.8;O( $.077,/8,O( 40F,78,-018;( 40( &=74;3,O( 01( /,( b50(
20(25297.3.=(0/(*,98;(40(B,/.8;O(b50(9,8,F5/8=(/,(0-F702,(97.-.1,/(40/(
F,7,-./.8,7.2-;(V(/,(,/.,1:,(01870(4.7.U01802(F;/D8.9;2(70U.;1,/02(V([51P
9.;1,7.;2O(V(U,1,407;(V(8077,801.01802(40(&=74;3,O(#5970O(I;/DA,7(V(
\`k
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
6,U4,/01,(V(/;2(/D40702(F,7,-./.8,702(40(/,2('"&(eh@;1(I071,iO(h!;7P
U0(]aiO([email protected];(S09.1;i(V(6,1952;O(01870(;87;2fO(9;1(0/(c1(40(9;1P
2;/.4,7(51(-;A.-.018;(F;/D8.9;(b50(;95F,7,(02F,9.;2(01(0/(&;1U702;(
40(/,(B0FW3/.9,(F,7,([701,7(/;2(F;2.3/02(,95074;2(01(/,2(10U;9.,9.;102(
9;1(/,2(E'B&(b50(,40/,18,3,(0/(U;3.071;(40('147H2(*,287,1,('7,1P
U;>(K1(F,/,37,2(40(6,1952;g(hN;(9;-F,78D,-;2(/,(.40,(40(51,(150A,(
9;128.85V0180i(e6,1952;O(`a\\f>(
K/(;3?08.A;(40/(,95074;(25297.8;(01(/,(c19,(40(ha_iO(9;12.28D,(01(
h70[514,7(/,(F,87.,i(V(h9;12875.7(v51,x(150A,(&;/;-3.,iO(,(87,AH2(40(
51(150A;(h9;187,8;(2;9.,/(40(B,/.8;iO(R)($)*!&().!8*'%($.!&#*$*!)*'*-2(!.!
0.!8'(8#*).)V>(
K1870(/;2(c7-,1802(028,3,1(/;2(0p(U;3071,4;702(9;1401,4;2(F;7(
252(AD195/;2(9;1(/;2(F,7,-./.8,702(40(#5970O(#,/A,4;7('7,1,O(V(40(&=7P
4;3,O( !02W2( 6,7D,( R=F0:O( V( /;2( 0p( 9;1U702.28,2( n8,-3.H1( 9;1401,P
4;2n(40(6,U4,/01,O('/[;12;(&,-F;(K29;3,7(V(!;2H(6,7D,(%-308Cu(40(
&=74;3,O(!5,1(6,150/(R=F0:(&,37,/02O(V(40(#5970(V(!;7U0(R5.2(E07.2(
&C,4.4O(01870(;87;2>(
K280(*,98;O(,2D(9;-;(;87;2(25297.8;2(,1802(V(402F5H2(n01870(0//;2(
&C.A;/;O(*.A.?,VO(&,2,1,70O(#.1U,F57O(I,77,19;(R;3,(V(&,/4,2n(e,10p;(
k>(R;2(F,98;2(40(/,(0-F702,(97.-.1,/fO(/02(F07-.8.07;1(,(/,2(028759857,2(
[;7?,4,2(F;7(/,(&,2,(&,28,T;(.1807A01.7(01(0/(-,10?;(40(/;(FW3/.9;(V(
01(/;2(F7;902;2(0/098;7,/02O(,(87,AH2(40(252(F7;F.;2(9,14.4,8;2(V(40(
F,78.4,7.;2(40(/,(9,52,(F,7,-./.8,7(e9,F857,(40/(028,4;f(F,7,(.-F;107(
51(h150A;(F,98;(2;9.,/iO(01(8;71;(,(/;(b50(h!;7U0(]ai(401;-.1=(/;2(
h028,4;2(40(,58;40[012,i(V(hK/(6;1;(6,1952;i(h0/(&/,-;7(&,-F0P
2.1;(&,7.30iO(8,/(V(9;-;(/;(C,(40297.8;(/,(&;780(#5F70-,(40(!528.9.,(01(
252(2018019.,2(9;187,(207A.4;702(FW3/.9;2(9;1401,4;2(F;7(9;19.078;(
F,7,(40/.1b5.7O(,/U51,2(40(/,2(95,/02(20(-019.;1,1(,(/;(/,7U;(40(0280(
80p8;>(
K280(,9;F/0([50(40807-.1,180(01(/,(40c1.9.=1(40(/;2('95074;2(40(
#,18,(E0(40(B,/.8;(25297.8;2(01870(0/(G;3.071;(V(/,2('"&(01(4.9.0-P
370(40(`aa`(V(?5/.;(40(`aao(b50(4.07;1(/5U,7(,(/,(402-;A./.:,9.=1(40(
870.18,(V(51(-./(20.29.018;2(202018,(V(95,87;(40(252(.180U7,1802O(01(/;(
b50(20(F702018=(9;-;(51(F7;902;(40(F,:>
\`_(
0%.3!1+)':
$,18;(01(0/(9;1A019.-.018;(,(/;2(/D40702(40(/,2('"&(F,7,(0187,7(01(
0/(F7;902;(40(10U;9.,9.=1O(9;-;(01(/;2(9.8,4;2('95074;2([50(F704;P
-.1,180(/,(/,3;7(40(h),75-;iO(402-;A./.:,4;(40/(I/;b50(&018,57;2O(
V(40(h$7.F/0(&07;i>(K28;2(0p9;-,14,1802([507;1(F7;8,U;1.28,2(01(/,(
20/099.=1(V(01(/,(F;285/,9.=1(,(/,(R0V(jkl(40(/;2(-.0-37;2(70F70201P
8,1802(40(9,4,(51,(40(/,2(028759857,2(40(/,2('"&>(*,7,4=?.9,-0180O(/;2(
C07-,1;2(&,7/;2(V(S.90180(b50(U028,7;1O(0pF,14.07;1(V(9;12;/.4,7;1(
/,(0-F702,(97.-.1,/(1;(C,901(F,780(40/(F7;902;(40(!528.9.,(V(*,:>(K/(
F7.-07;(701519.=(,(25(9;-,14,19.,(F;/D8.9;P-./.8,7(/50U;(40(/,(c7-,(
40/(*,98;(40(B,/.8;O(25F5028,-0180(F;7(b50(20(;F52;(,(b50(/;2(h1,7P
9;F,7,2i(C.9.07,1(F,780(40(/;2(,95074;2(9;1(0/(G;3.071;>(*;7(25(C;P
-.9.4.;(01(0/(,T;(`aa]([50(9;1401,4;(25(C07-,1;(S.90180>(R,(-507P
80(40(S.90180O(,W1(1;(,9/,7,4,(1.(9;1c7-,4,O(20(C,(0pF/.9,4;(9;-;(
0[098;(40(4.2F58,2(40(F;407(01870(4.28.18,2([7,99.;102(40(/;2(U75F;2(
F,7,-./.8,702(V(0/(80-;7(40(9.078;2(2098;702(40(b50(/;2(.1A;/597,7,(01(
0/( ,99.;1,7( F,7,-./.8,7>( K1( /;2( 4;2( C09C;2( ,F,70180-0180( F,78.9.F=(
h6;1;/09C0iO(V071;(40(#;7($0702,(G=-0:(X/A,70:O(/,(95T,4,(40(/;2(
C07-,1;2(&,28,T;O(9;-F7,4;7,(40(8.077,2(F,7,(/,(&,2,(&,28,T;>
NKJK*b$*-=0"-1$*("&=&%$/
*,7,(9;180p85,/.:,7(/;2(,/9,1902(40(/,(0-F702,(97.-.1,/(b50(20(0pP
F,140( ,( F,78.7( 40/( -;40/;( 40( /;2( C07-,1;2( &,28,T;( G./( V( b50( 20(
F7;V098,(,/(1.A0/(1,9.;1,/(9;1(0/(h9;187,8;(2;9.,/(40(B,/.8;iO(02([51P
4,-018,/(,954.7( ,( /;2([,//;2( 40(/,( &;780(#5F70-,( 40( !528.9.,(01(/;2(
F7;902;2(40(F,7,F;/D8.9,O(01(/;2(95,/02(20(C,1(9;1401,4;(,(201,4;702O(
70F702018,1802(V(U;3071,4;702O(01870(;87;2([519.;1,7.;2(40(0/099.=1(
F;F5/,7O( /,( -,V;7D,( 40( 0//;( ;7.514;2( 40( /,2( 70U.;102( ;3?08;( 40( 028,(
.1A028.U,9.=1\`\>
(#01,4;702(01(F7;902;2(40(F,7,F;/D8.9,(01870(`aa^(V(`a\a>(#01,4;702g('18.;b5.,(ejfO(
#5970(elf(N;780(40(#,18,1407(e]fO('8/J18.9;(e]fO(I;/DA,7(eofO(&02,7(e`fO(6,U4,/01,(e`f(
V(B0F702018,1802g(6,U4,/01,(e^fO(&02,7(eof(V(#5970(eof>(K1(8;8,/g(]\(eK1g(C88FgqqYYY>
A074,4,3.078,>9;-q9;-F;1018q9;18018q,78.9/0q\koP028,4.28.9,2qo_`^P028,4.28.9,2P
F,7,F;/.8.9,f>
\`\
\`j
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
@.9C,2(9;1401,2(20(C,1(2528018,4;(01(/,(80;7D,(40(h/,(9;1957701P
9.,(40(F072;1,2(01(0/(40/.8;(V(/;2(,F,7,8;2(;7U,1.:,4;2(40(F;407i\``O(
9;1(3,20(01(/,(95,/(20(C,(40-;287,4;(/,(7HF/.9,(40(/,(&,2,(&,28,T;(
01(/,(,-F/.,9.=1(40(/,2(:;1,2(40(4;-.1.;(V(9;187;/(F,7,-./.8,7>(*7.P
-07;O(-./.8,7-0180O(9;1(,F;V;(V(,202;7D,(40(-.0-37;2(40(/,(E507:,((
*W3/.9,(V(0/([;78,/09.-.018;(40(/;2(U75F;2(40(,58;40[012,2(V(40(b5.0P
102(/;2(c1,19.,3,1(eh&QNS%S%BK#if(V(/50U;(9;1(/,(9;19577019.,(
40(,U01802(FW3/.9;2(V(F7.A,4;2(9;12;/.4J14;20(,2D(/,(0-F702,(97.-.P
1,/O( 9,7,9807.:,4,( F;7g( .f( /,( 0p.28019.,( 40( 51( F7;F=2.8;( 97.-.1,/( 9;P
-W1O(..f(/,(h709;1cU57,9.=1(9;;F8,4,(40/(K28,4;i(eG,7,VO(`a\afO(...f(/,(
9;19078,9.=1(V(,/.,1:,2(9;1(,U01802(F7.A,4;2O(.Af(/,(-08,-;7[;2.2(40(
/,2(,58;40[012,2(,(51(9,780/(40/(1,79;87Jc9;O(V(Af(0/(,F;407,-.018;(V(
402F;?;(2.280-J8.9;O(-,2.A;(V(A.;/018;(40(8.077,2O(8,/(V(9;-;(20(408,//,(
01(20U5.4,\`o>(
NKJKJK*<".0)1&,.*("&=&%$/
&;1[;7-0(,(/,(&;780(#5F70-,(40(!528.9.,(0/([01=-01;(F,7,-./.8,7(
9;7702F;140(,(,F,7,8;2(;7U,1.:,4;2(40(F;407(b50(20(9;19078,7;1(9;1(
,U01802(FW3/.9;2(V(F7.A,4;2O(/0U,/02(0(./0U,/02O(9;1(51(F7;F=2.8;(97.-.P
1,/(40(h70[514,7(/,(F,87.,iu(028;(02O(40(.-F;107
vwx(51(-;40/;(40(U028.=1(40(/;2(,2518;2(FW3/.9;2(/;9,/02O(70U.;1,/02(
0(.19/52;(1,9.;1,/02(F,7,/0/;(V(-5/8.F,78.4.28,(vwx(e&!!O(`a\\P4(P(!;2H(
@;-.1U;(@JA./,('7-018,f>(
&;1(02,(c1,/.4,4(40/.98.A,O(20UW1O(4.9C;(;7U,1.2-;O(
vwx(07,(402.U1.;(40(/;2(U75F;2(F,7,-./.8,702(,77,2,7(9.54,4,1;2(5(;7P
U,1.2-;2(b50(20(;F52.07,1(,(9;12;/.4,7(25(F;407(V(0pF,12.=1(VO(F;7(0//;O(
40187;(40(252(,98.A.4,402(;74.1,7.,2(0?0958,7;1(-W/8.F/02(9;14598,2(97.P
-.1,/02O(01870(;87,2(9,/.[.9,4,2(9;-;(40/.8;2(40(/02,(C5-,1.4,4(n8;7857,O(
( $,-3.H1( 9;1;9.4,( 9;-;( ,58;7D,( -04.,8,( 01( ,F,7,8;2( ;7U,1.:,4;2( 40( F;407( 9;1(
.12875-018;([51U.3/0(F07;(702F;12,3/0(;(,58;7(87,2(0/(,58;7>
\`o
('(/;(/,7U;(40/(F7;902;(40(/,(R0V(jkl(20(C,1(9;-F5/2,4;(\\>_`\(9;F.,2(,(/,(?528.9.,(
;74.1,7.,(9;1(0/(c1(40(b50(20(,40/,1801(/,2(702F098.A,2(.1A028.U,9.;102(9;187,(j>lj^(F,7P
8.95/,702O(jjj(F;/D8.9;2O(j\^(-.0-37;2(40(/,(E507:,(*W3/.9,(V(ook(207A.4;702(FW3/.9;2(
eE.29,/D,O(`a\`P,f>
\``
\oa(
0%.3!1+)':
402,F,7.9.;102([;7:,4,2O(402F/,:,-.018;([;7:,4;O(089H807,nO(V(,8,b502(,(
/,(4.U1.4,4(40(/,2(F072;1,2(vwx\`](e&#!O(`a\aP0(P(X/A,7;('7,5?;(&,287;f>
K2(409.7O(F,7,(0/(/;U7;(40/(F7;F=2.8;(9;-W1(40(h70[514,7(/,(F,87.,iO(
-./.8,7O(F;/D8.9,(V(09;1=-.9,-0180O(F,98,4;(01(#,18,(E0(40(B,/.8;O(20(
F/,10=(V(0?0958=(40(-,107,(2.280-J8.9,(V(U0107,/.:,4,(h51(F/,1(97.-.P
1,/i(9;187,(/,(F;3/,9.=1(9.A./(e$#!*O(`a\aP3(P(!;7U0(%AJ1(R,A0740fO(40/(
95,/(C,9D,(F,780(/,(0287,80U.,(40(8.077,(,77,2,4,(P0/(402F/,:,-.018;O(0/(
,3,14;1;(40(8.077,2(V(8077.8;7.;2P(VO(F;7(9;12.U5.0180(25(,F7;F.,9.=1(
,(2,1U70(V([50U;(V(25(/0U,/.:,9.=1(9;1(/,(,b5.029019.,(V(9;/,3;7,9.=1(
40(-W/8.F/02(2;9.;2(/0U,/02(0(./0U,/02>(
NKJKLK*`>-(.%H#:"$(&)%*(..0,$7$*7-/*?1,$7.a
K/(;87;(0/0-018;(b50(9,7,9807.:,(/,(0-F702,(97.-.1,/(02(/,(h709;1cP
U57,9.=1(9;;F8,4,(40/(K28,4;iO(/,(b50(20UW1(G,7,V(„(;87;2(9;12.280(
01g(
R,(,99.=1(40(;7U,1.:,9.;102(/0U,/02(0(./0U,/02(b50(-04.,180(F7J98.9,2(
./0UD8.-,2O(3529,1(-;4.[.9,7(40240(,40187;O(0/(7HU.-01(F;/D8.9;(40(-,P
107,(2.28H-.9,(0(.1[/5.7(01(/,([;7-,9.=1O(-;4.[.9,9.=1O(.1807F708,9.=1(V(
,F/.9,9.=1(40(70U/,2(40(?50U;(V(40(F;/D8.9,2(FW3/.9,2O(F,7,(;380107(30P
10[.9.;2(2;2801.3/02(F,7,(25(F7;F.;(F7;A09C;(V(40(-,107,(2;2801.3/0(V(
/;U7,7(b50(252(.18070202(20,1(A,/.4,4;2(F;/D8.9,(V(/0U,/-0180O(,2D(9;-;(
/0U.8.-,4;2(2;9.,/-0180(01(0/(/,7U;(F/,:;O(,51b50(H28;2(1;(;3040:9,1(,/(
.1807H2(7098;7(40/(3.01028,7(2;9.,/(eG,7,V(„(;87;2O(`a\ag``af>
(R,(&;780(20T,/,(/;2(2.U5.01802(8702(0/0-018;2(b50(9,7,9807.:,7;1(/,(028759857,(40(/;2(
U75F;2(F,7,-./.8,702g(h\f>(Kp.28019.,(40(51,(;7U,1.:,9.=1(.180U7,4,(F;7(51,(F/57,/.4,4(
40(F072;1,2(2528.85.3/02(,1802(;(457,180(0/(0A018;(97.-.1,/(/,2(95,/02(-,18.0101(51,(
70/,9.=1(?07J7b5.9,(9;1(252(25F07.;702>('b50//,2(F072;1,2(F50401(;(1;(80107(9.078,(F70P
4.2F;2.9.=1(,(/,(9;-.2.=1(40(40/.8;2u(`f>(&;187;/(e4;-.1.;f(40(/,(;7U,1.:,9.=1(F;7(F,780(
40/(C;-370( 40(,87J2( V(,( 87,AH2(40(0//,(40(252(.180U7,1802(2528.85.3/02>(@.9C;( 9;187;/(
F5040(-,1.[028,720(3,?;(4.28.18,2(-;4,/.4,402g(,(87,AH2(40(/,(970,9.=1(40(/,(;7U,1.:,P
9.=1O(0/(1;(9;187;/(40/(-.2-;(F54.014;(C,907/;(4,4,(25(F;2.9.=1(;(,(87,AH2(40/(.-F5/2;(
2;2801.4;(40(/,(-.2-,(9;1(-04.4,2(4.7.U.4,2(,(,58;7.:,7(252(,985,9.;102(./D9.8,2>(K1(8;P
4;2(028;2(25F5028;2(20(0A.4019.,O(F;7(F,780(40/(C;-370(40(,87J2O(51(4;-.1.;(40/(7.02U;(
nb50(02(0/(,F,7,8;(40(F;407n(40(F7;4599.=1(40(,98;2(./D9.8;2u(VO(of>(&;1;9.-.018;(40(/,(
;7U,1.:,9.=1(;(,F,7,8;(40(F;407(V(409.2.=1(40(b50(252(-.0-37;2(0?095801(;(9;18.1W01(
0?0958,14;(C09C;2(./D9.8;2(F01,/02i(e&#!O(`a\aP0(P(X/A,7;('7,5?;(&,287;f>
\`]
\o\
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
#;1( F7;F.;2( 40( /,( 709;1cU57,9.=1( 028,8,/( /;2( 2.U5.01802( 0/0-01P
8;2(e@KC)*9fg(.f(/,(0p.28019.,(40(.18070202(b50(87,129.01401(0/(J-3.8;(
09;1=-.9;(e,95-5/,9.=1(40(7.b50:,f(V(b50(.19/5V01(/,(3W2b504,(40(
4.2-.15.7(0/(7.02U;(40(0pF;2.9.=1(F01,/(e207(.4018.c9,4;O(.1A028.U,4;2O(
?5:U,4;2(V(2,19.;1,4;2fu(..f(/,(58./.:,9.=1(40(-H8;4;2(97.-.1,/02(e,20P
2.1,8;2O(,-01,:,2O(2;3;71;2O(01870(;87;2fO(...f(/,(,F08019.,(40(.19.4.7(
01( /,2( 409.2.;102( 40( 8;4,2( /,2( 018.4,402( 40/( K28,4;O( V( .Af( /,( 9;195P
77019.,(40(.18070202(40(,98;702(/0U,/02(0(./0U,/02>('2D(/,2(9;2,2O(01(/,(
0-F702,(F,7,-./.8,7(0/(402.U1.;(40(h70[514,7(0/(K28,4;i(1;(F7;A01D,(
0p9/52.A,-0180(40(/;2(-.0-37;2(40(/,2(028759857,2(,7-,4,2(2.1;(40(
0//;2(V(40(252(,/.,4;2(/0U,/02>(
K2(,2D(9;-;(h/,(8;-,(-,c;2,(40(8;4;2(/;2(F;40702(0(.128,19.,2(40(
409.2.=1(40/(K28,4;i(e&#!O(`aajP3(!;7U0(K/.0907('1,V,fO(20(4.=(02F0P
9.,/-0180(,(87,AH2(40(/,(hF,7,F;/D8.9,iO(028;(02(0/(9;F,-.018;(40(/;2(
02F,9.;2(F;/D8.9;2O(-04.,180(0/(,F;V;(01(/,(0/099.=1(40(F072;1,2(40(
25(,32;/58,(9;1c,1:,\`l(V(40(20U5.4;702O(,-.U;2(;(2;9.;2(40(/,(9,52,(
F,7,-./.8,7O(b50(20(,A.1.07;1(,(51(9;19.078;(F,7,(40/.1b5.7(e,10p;(_>(
R,(F,7,F;/D8.9,f\`^O(,/U51;(40(/;2(95,/02(
vwx(2.(3.01([51UD,1(9;-;(A;907;2(40(F,78.4;2(5(;7U,1.:,9.;102(F;/DP
8.9,2(/0U,/-0180(709;1;9.4,2O(70,/-0180(C,9D,1(F,780(40(/,(9WF5/,(40(/;2(
U75F;2(F,7,-./.8,702(V(01(8,/(9;14.9.=1(C,9D,1(F,780(40(/,(9,807A,(/D407(;(
4.7098;7.;(40(-,14;(n9;-,14,19.,(25F70-,n(b50(4.20T,3,O(F/,1.[.9,P
3,O(F7;V098,3,O([;7?,3,(0(.-F5/2,3,(/,2(,99.;102(b50(403D,(402,77;//,7(/,(
0-F702,(97.-.1,/(01(,7,2(40(9;12;/.4,7(25(,A,190(V(;380107(-J2(7H4.8;2(
40187;(40/(F/,1(4.20T,4;(e&#!O(`aajP&(P(B.9,74;(K/9570(&C,9=1f\`k>
K1870(0//,2(K/0;1;7,(*.104,('79.,(V(6.U50/('/[;12;(40(/,(K2F7.0//,(e6,1952;O(`aajP
9f>
\`^
(Z50(20(0pF702,3,(,(87,AH2(40(-;A.-.018;2(9;-;(0/(40(h*7;A.19.,("1.4,i(e$;A,7(
*5F;fO(h&/,-;7(*;F5/,7i(e#,/A,8;70(6,1952;fO(V(h*;7(51,("7,3J(G7,140O("1.4,(V(01(
*,:i(eB014=1(<07707,f>
\`k
( R,( &;780( #5F70-,( 4.2F52;( b50( 20( .1A028.U,7,( /;2( 97D-0102( 40( /02,( C5-,1.4,4(
e&#!O(`aajP0(#,/A,4;7('7,1,(#52O(0p(U;3071,4;7(40(#5970f(V(/;2(40/.8;2(40(402F/,:,P
-.018;([;7:,4;(e&#!O(`a\\P(Q29,7(40(!02W2(R=F0:(&,4,A.4(V(`a\aP9(X/A,7;('/[;12;(
G,79D,fO( 402,F,7.9.=1( [;7:,4,( V( C;-.9.4.;( e&#!O( `a\aP9O( C;-.9.4.;( V( -,2,9702( e&#!O(
`aajP[ (P(G;1:,/;(G,79D,('1U,7.8,f>('40-J2(;7401=(.1A028.U,7(,(/;2(h9;1U702.28,v2xP
F,7,-./.8,7v02xi( F;7( 8;4;2(/;2(40/.8;2(9;-08.4;2(F;7( /;2(F,7,-./.8,702( e&#!O(`a\aP9(P(
X/A,7;('/[;12;(G,79D,O(`a\aPU(P(!;7U0(40(!02W2(&,287;(*,9C09;(V(`a\aP[ (P(<071,14;(
6;/.1,('7,5?;O(0p(U;3071,4;7(40/(&02,7f>
\`l(
\o`(
0%.3!1+)':
'(25(A0:O(/,(9;;F8,9.=1(4.;(/5U,7(,/([01=-01;(40(/,(hF,7,.128.859.;P
1,/.4,4(9.A./iO(V,(20,(9;1([519.;1,7.;2(b50(07,1(h;7UJ1.9;2i(V(9;-P
F,78D,1(/;2(F/,102(V(c102(40(/,(0-F702,(97.-.1,/(e&#!O(`a\aPU(!;7U0(40(
!02W2(&,287;(*,9C09;(V(`a\\P0(!;2H(@;-.1U;(@JA./,('7-018,fO(;(40(
,b50//;2(b50(207AD,1(,(252(.18070202(,(9,-3.;(40(4.A.4014;2(09;1=P
-.9;2(V(40(3;1.c9,9.;102\`_O(01870(;87,2(9;187,F7028,9.;102>(@0(028,(
-,107,O(9;-;(/;(C,(20T,/,4;(0/(9.8,4;($7.351,/(20(-;18=(51,(hU.U,1P
8029,(.1[7,028759857,(40(9;775F9.=1i(e&#!O(`aaj(#,/A,4;7('7,1,(#52f(
b50(F07-.8.=(4028.1,7(709572;2(40/(07,7.;(FW3/.9;(V(9,F857,7(018.4,402(
F,7,(0/(/;U7;(40/(F7;F=2.8;(97.-.1,/(40(h70[514,7(0/(K28,4;i\`jO(0/(b50(
.19/5D,O(01870(;87;2(,2F098;2g(.f(402-;18,7(70[;7-,2(40(/,(&;128.85P
9.=1(40(\jj\(V(0A.8,7(b50(9;-;(0[098;(40(F;2.3/02(10U;9.,9.;102(9;1(
/,2(U5077.//,2(h20(F,98,7,(51,(150A,(&;128.85V0180i(e6,1952;O(`a\\fO(
..f(.-F5/2,7(/,(,4;F9.=1(40(.1.9.,8.A,2(/0U.2/,8.A,2(V(40(F;/D8.9,2(FW3/.P
9,2(b50([,A;709.07,1(252(.18070202(-./.8,702O(09;1=-.9;2(V(F;/D8.9;2O(
01870(0//;2(/,(R0V(jkl(40(`aalfO(V(...f(,F,/,19,7(709572;2(FW3/.9;2(V(,9P
90407(40(-,107,(F70[070180(,(/;2(.19018.A;2O(028D-5/;2(V(40-J2(3.0102(
V(207A.9.;2(40/(K28,4;(F,7,(252(.1.9.,8.A,2(09;1=-.9,2\oa>(
( '/.,2( hS09.1;i( 9;18=( b50( /;2( .1U702;2( 407.A,4;2( 40( 018.4,402( /;9,/02( V( 40( ;87,2(
[501802(hvwx(/;2(58./.:,7;1(01(F,U;(40(1=-.1,(vwx(,2D(9;-;(.1[;7-,1802(vwx(eV(F,U;2(
,f(y,58;7.4,402(b50(9;/,3;7,7;1z(9;1(/,2('"&i(e$#!*O(`a\aP,(P(!;7U0(%AJ1(R,A0740fO(V(
h,/.,2(&,3;(6,9C,4;i(20(70c7.=(,(/;2(F,U;2(,(h.180U7,1802(40(/,(E507:,(*W3/.9,i(e$#!*O(
`a\\(P('7,-.2(6,9C,4;(Q78.:(f>
\`j
( K/( 9;1401,4;( &;3;2( $H//0:O( 0p( 9;-,14,180( 40/( I/;b50( 6;1802( 40( 6,7D,( 9;1P
8=(9;-;(01870U=(hvwx(,(/;2(8702([701802(40(0280(3/;b50O(40(?51.;(40(`aa](,(?5/.;(40(
`aal(9;-;(2532.4.;(F,7,(/;2(U,28;2O(/,(25-,(40(8702(-./(1;A09.018;2(-.//;102(40(F0P
2;2(e‰o>jaa>aaa>aaa>fO([70180(,(95,87;9.018;2(A0.18.87H2(-.//;102(;9C;9.018;2(-./(F02;2(
e‰]`o>_aa>aaaf(709.3.4;2( 40( /,2( 4.[0701802(,/9,/4D,2( -51.9.F,/02(vwx( eS074,4'3.078,g(
h'2D(20(7;3,7;1(0/(U;/[;(40(6;77;2b5.//;if>
\oa
(K1870(/;2(3010c9.,7.;2(40/(*7;U7,-,('U7;(%1U702;(#0U57;(e'%#f(20(01950187,1(6,P
7.;("7.30(K29;3,7(VO(,F,70180-0180O(<5-3078;(40(!>(I5./02O(0p(9;1U702.28,2(9;1401,P
4;2(F;7(F,7,F;/D8.9,>($,-3.H1([507;1(7090F8;7,2(40('%#O(/,2(0-F702,2(&/,-,2,1(#>('>O(
V('U7D9;/,(K/(B08.7;(#>('>O(95V;(70F702018,180O(#,18.,U;(G,//=1(<01,;O(,90F8=(C,307(
c1,19.,4;(,(/,2('"&(V(028J(A.195/,4;(,/(F7;902;(40(&C.b5.8,(I7,142(eB0A.28,(#0-,1,g(
h<,28,(6,7.;("7.30(20(3010c9.=(9;1('U7;(%1U702;(#0U57;f>
\`_
\oo
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
'4.9.;1,/-0180O(,U01802(40(/,(E507:,(*W3/.9,(e,98.A;2(V(708.7,4;2f(
9;-;( -.0-37;2( ,98.A;2( 40( /,2( 028759857,2( [;7-,7;1( 4;987.1,7.,( V(
-./.8,7-0180(,(/;2(9;-,14,1802(F;/D8.9;2(V(-./.8,702(01(0/(F7;F=2.8;(
97.-.1,/(40(h70[514,7(/,(F,87.,iO(V(;87;2(,7-,7;1(V(9;/,3;7,7;1(9;1(
028759857,2( 97.-.1,/02( ehF,7,.128.859.;1,/.4,4( -./.8,7if>( K28,( -,b5.P
1,7.,( 20( ,90.8,3,( 9;1( /,2( 3;1.c9,9.;102( V( F,U;2( 40( ,/8,2( 25-,2( 40(
4.107;(,(-.0-37;2(40(/,(E507:,2('7-,4,2(V(40(*;/.9D,(,(9,-3.;(40(
b50( ;-.8.07,1( 252( 4030702( 9;128.859.;1,/02( V( /0U,/02( 40( 9;187;/,7( V(
9;-3,8.7(028759857,2(40/.98.A,2(9;-;(/,2(F,7,-./.8,702>(
K1( 028,( /D10,O( B,[,0/( G,79D,( $;7702O( 0p( [519.;1,7.;( 40/( @0F,78,P
-018;('4-.1.287,8.A;(40(#0U57.4,4(e@'#f(V(8028.U;(01(/;2(F7;902;2(
40( F,7,F;/D8.9,( 1,77=( b50( hvwx( 0/( ,5-018;( 40( 20U57.4,4( 1;( 2.U1.P
c9,3,( /,( 0p.28019.,( 51,( F;/D8.9,( 40( 20U57.4,4( 0b5.8,8.A,( [70180( ,( /;2(
4;2(U7,1402(,98;702(40/(9;1d.98;(U0107,4;702(40(A.;/019.,iO(F5028;(
b50(20(hvwx(20(F,2,7;1(F;7(,/8;(/;2(U75F;2(F,7,-./.8,702(40/(I/;b50(
N;780iO( V( 20( 0[0985,3,1( 7051.;102( ;( 20( 9;1;9D,( 4;140( /;9,/.:,7/;2(
9;1(709;1;9.4;2(/D40702(F,7,2i(e&#!O(`a\aPU(P(!;7U0(40(!02W2(&,287;(
*,9C09;(V(`a\\PT(P(!;7U0('570/.;(N;U507,(&;802f>(
'/(702F098;O(0/($7.351,/(40(!528.9.,(V(*,:(70.807=(b50g
vwx(40240(/,(&;780(%1807,-07.9,1,(40(@0709C;2(<5-,1;2O(C,28,(,5P
8;7.4,402( ?54.9.,/02( 40/( ;7401( 1,9.;1,/( C,1( 40-;287,4;( b50( 01870( /,2(
,58;40[012,2(Vq;(F,7,-./.8,702(V(/,(E507:,(*W3/.9,(C53;(9;/,3;7,9.=1(
709DF7;9,(9;1(/,([.1,/.4,4(40([,9./.8,7(0/(,985,7(40/(U75F;(,7-,4;(;7U,P
1.:,4;(,/(-,7U01(40(/,(/0V>(#;1(-W/8.F/02(/;2(9,2;2(b50(20(C,1(F5028;(40(
F7020180(V(b50(-50287,1(9;-;(,/U51;2(-.0-37;2(40/(K?H79.8;(n1;(/,(
%128.859.=1n([,9./.8,7;1(/,2(.19572.;102(,(F;3/,9.;102O(b50(807-.1,7;1(01(
-,2,9702(e$#!*O(`a\aP,(P(!;7U0(%AJ1(R,A0740f>
#;370(0/(F,78.95/,7(V(F,78.014;(40(h/,(;3/.U,9.=1(.18071,9.;1,/-01P
80(,4b5.7.4,(F;7(0/(K28,4;(9;/;-3.,1;(01(e2.9f(.1A028.U,7(V(2,19.;1,7(
/,2(U7,A02(A.;/,9.;102(,(/;2(40709C;2(C5-,1;2(V(9;1(0/(.1807H2(40(95.P
4,7(40/(3501(1;-370(40(/,(E507:,(*W3/.9,iO(0/($7.351,/(#5F70-;(40(
!528.9.,O(0pC;78=(,(/,(E.29,/D,(,g
vwx(h9;1[;7-,7(51,("1.4,4(K2F09.,/(F,7,(/,(.1A028.U,9.=1O(F072095P
9.=1(V(9,F857,O(40187;(40(51(F/,:;(7,:;1,3/0O(40(,b50//;2(-.0-37;2(40(
\o](
0%.3!1+)':
/,2(E507:,2('7-,4,2(b50(F,78.9.F,7;1(01(/;2(,8,b502(9;-08.4;2(9;187,(
/,(F;3/,9.=1(9.A./O(9;1(95V;(,985,7(C,1(402C;17,4;(0/(3501(1;-370(40(
252(.128.859.;102O(;9,2.;1,14;(/,(FH74.4,(40(9;1[.,1:,(01(/,2(-.2-,2i(
e$#!*O(`a\\P,(n(K4U,7(%U1,9.;(E.077;(E/;702O('147H2(6,57.9.;($;7702(
R0=1O(V(RH2807(6,7D,(G;1:J/0:(B;-07;f>
NKJKMK*81.(&$(&)%*(.%*$#-%,-1*-(.%)=&(.1*
&;-;(/;(20T,/=(/,(&;780(#5F70-,(40(!528.9.,O(/,2(,58;40[012,2(9,-P
F02.1,2(V(/;2(40/.8;2(b50(9;-08D,1(702F;14D,1(,(h.18070202(40(U75F;2(
09;1=-.9;2(nU,1,407;2(F7.19.F,/-0180n(409.4.4;2(,(9;-3,8.7(,3.07P
8,-0180(0/(,99.;1,7(40(/,(U5077.//,i(e&#!O(`aaj(P(#,/A,4;7('7,1,(#52fO(
,(9,-3.;(40/(F,U;(40(9;187.359.;102O(/,2(b50(20(2.U5.07;1(,F;78,14;(
,(/,2(028759857,2(51.c9,4,2(F;7(/,(&,2,(&,28,T;>(@.9C;2(,F;7802(40(
-,107,([;7:,4,(e0p8;72.;102f(;(9;12018.4,(n0pF702,(;(8J9.8,-0180n(
[507;1(2528,19.,/02(,/(4;-.1.;(F,7,-./.8,7\o\>(
#;1(.19;18,3/02(/,2(0-F702,2(b50(20(C,1(-019.;1,4;(01(/,2(A07P
2.;102(9;-;(9;187.35V01802(40(/,2('"&O(.19/5V014;(-5/8.1,9.;1,/02(
9;-;(&C.b5.8,(I7,142O(9;1401,4,(,(F,U,7(51,(-5/8,(40(A0.18.9.19;(
-.//;102(40(4=/,702(,/($02;7;(40(K28,4;2("1.4;2(F;7(c1,19.,7(U75F;2(
8077;7.28,2>(K28,(07,(51,(40(/,2(0-F702,2(40/(hG75F;(40(/;2(S0.180i(
9;1[;7-,4;(F;7(3,1,107;2(40("7,3JO(b50(9;12.U1,3,1(,(/,(&QNS%P
S%B(*,F,U,V;(hvwx(8702(9018,A;2(40(4=/,7(F;7(9,4,(9,?,(40(3,1,1;(
0pF;78,4;(F,7,(c1,19.,7(,(/,2(,58;40[012,2i(e<,23W1O(`aa_P3f\o`>(*;7(
25( F,780O( R.3,74;( @5,780O( ,/.,2( hI,-( I,-iO( 01( 0/( F7;902;( b50( 20(
,40/,18,(F;7(0/(,202.1,8;(40(8702(2.14.9,/.28,2(,180(/,(&;780(40/(@.287.8;(
40/(028,4;(40('/,3,-,O(K28,4;2("1.4;2O(,c7-=(b50(H/(20(01807=(hvwx(
,(87,AH2(40(Q-0U,(b50(/,(@75--;14(801D,(51(.-F;78,180(,95074;(
9;1( /,2( '"&O( V( b50( /,( @75--;14( /0( F,U,3,( ,( /,2( '"&( 9079,( 40((
(R;2(,F;7802(F;4D,1(9;12.28.7(01(4.107;(;(01(02F09.0g(U,2;/.1,O(F7;A.2.;102O(A0CD95/;2(
V(c19,2(01(/,2(b50(20(.128,/,3,1(9;1(F/01;(9;12018.-.018;(40(252(F7;F.08,7.;2(hvwx(1;(
07,1(c19,2(40(/,(;7U,1.:,9.=1(F07;(2D(07,1(c19,2(40(U0180(9;/,3;7,4;7,(40(/,(;7U,1.:,P
9.=1(eS0/;:,O(`aakf(F,/-.95/8;702O(U,1,407;2O(01870(;87;2i(eK1870A.28,(9;1(F;285/,4;2(
01(/,(9J790/(40(S,//045F,7f>
\o`
(S07g(B*').):K#*'&.g(hR;2(F,7,2(V(/;2(10U;9.;2(40/(3,1,1;(V(/,(F,/-,>(K/(4.107;(40/(
3,1,1;(2.7A.=(F,7,(c1,19.,7(/,(U5077,if>
\o\
\ol
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
b5.1.018;2(-./(4=/,702(,/(-02i\oo>(K1(/,(2018019.,(b50(9;1401,(,(,/.,2(
h&,3;( 6,9C,4;i( 20( -019.;1,1( 9;-;( ,F;78,1802( 40/( I&,( ,( /,2( 2.P
U5.01802( 0-F702,2g( h$KB6Q$'#'!KNO( &QQ$B'N#&•&"$'O(
$0?,7( 40( *029,407;O( NQBG'#O( G,20;2,2( R,( E7;1807,( e*;28;3=1fO(
K28,9.=1(40(#07A.9.;(#,1(B,[,0/O('77;907,(GJ/A0:O(&,73;102(R,(6.7/,O(
E0770807D,( K/( *,/52870O( %N@"&'BG'O( &QR6%N'#( V( &,T;/.-=1i(
e$#!*O(`a\\(P('7,-.2(6,9C,4;(Q78.:f>
*07;(028,(1;([50(/,(W1.9,(9;187.359.=1(40(/;2(,U01802(09;1=-.9;2P(
h-.0-37;2(40(U70-.;2(09;1=-.9;2(e,/U51;2(U,1,407;2O(,U7.95/8;702(
40(0p8012.=1(V(8077,801.01802ifO(01870(;87;2PO(01(/;(b50(20(C,(401;-.P
1,4;(/,(hF,7,09;1;-D,i(e$#!*O(`a\\P,(n(K4U,7(%U1,9.;(E.077;(E/;702O(
'147H2( 6,57.9.;( $;7702( R0=1O( V( RH2807( 6,7D,( G;1:J/0:( B;-07;f>(
ehF,7,09;1;-D,if>(K1(/,(-04.4,(01(b50(-59C;2(40(0//;2([507;1(/;2(
F7;8,U;1.28,2(40(/,(,/8D2.-,(70F702018,9.=1(b50(85A.07;1(/;2(U75F;2(
F,7,-./.8,702(01(/;2(=7U,1;2(40(0/099.=1(F;F5/,7(V(01(/,(.128.859.;1,P
/.4,4(FW3/.9,(01(8;4;2(/;2(1.A0/02O(h.1U702,7;1(;(20(,F7;A09C,7;1(40(
/,(-,b5.1,7.,(028,8,/(F,7,(/;U7,7(252(c102(F,78.95/,702(V([,A;7090720(
9;1(/;2(402F;?;2(40(8.077,2(V(/,(9,F8,9.=1(40(4.107;2(./0U,/02i(40(/,(
0-F702,(97.-.1,/(e$#!*O(`a\\P,(P(K4U,7(%U1,9.;(E.077;(E/;702O('147H2(
6,57.9.;($;7702(R0=1O(V(RH2807(6,7D,(G;1:J/0:(B;-07;f>(K1(0[098;O(
/,(-,V;7D,(40(/;2(9;1401,4;2(F;7(hF,7,F;/D8.9,i(07,1(V(2;1(8077,80P
1.01802O(U,1,407;2O(,U7;.145287.,/02O(;(F078010901(,(/,2(0/.802(F54.01P
802(40(/,2(70U.;102(01(b50([507;1(0/0U.4;2O(,/U51;2(40(/;2(95,/02(1;(
2=/;(2.-F,8.:,3,1(9;1(/,(9,52,(F,7,-./.8,7(2.1;(b50(07,1(-.0-37;2(
,98.A;2(40(0//,(VO(F;7(/;(8,18;O(40807-.1,4;702(40(252(,99.;102(97.-.P
1,/02(;(07,1([,-./.,702(40(h;7UJ1.9;2i(40(/,2('"&(e&#!O(`a\aPU(P(!;7U0(
40(!02W2(&,287;(*,9C09;(V(`aaj(#,/A,4;7('7,1,(#52f>(
@0(028,(-,107,O(F5040(,c7-,720(b50(0/(F;407(,4b5.7.4;(/02(F07-.P
8.=(,4;F8,7(;(F;7(/;(-01;2(.19.4.7(01(409.2.;102(40(F;/D8.9,(01(0/(1.A0/(
1,9.;1,/O(70U.;1,/(V(/;9,/>(#.(3.01O(1;(0p.2801(,1J/.2.2(2;370(/,(.19.401P
9.,(40(/;2(hF,7,F;/D8.9;2i(01(/,(,4;F9.=1(40(/0V02O(9;-;(/;(40297.30(
(S07g(B*').):K#*'&.g(hR;2(10p;2(40(/,(@75--;14(V(/;2(F,7,2(20UW1(yI,-(I,-zi>
\oo
\o^(
0%.3!1+)':
"1U,7( e`a\afO( 01870( /;2( 40[012;702( 40( 1;7-,2( F7;9/.A02( ,/( 402F;?;(
V(40(h09;1;-D,(,U7,7.,iO(20(01950187,1(A,7.;2(40(/;2(.1A028.U,4;2(V(
9;1401,4;2(F;7(/,(&;780(F;7(9;19.078;(F,7,(40/.1b5.7\o]>(
)O(F;7(25F5028;O(0-F702,7.;2O(U,1,407;2O(3,1b507;2O(8077,801.01802O(
01870( ;87;2( [51U.07;1( 9;-;( 8028,[077;2( F;7( ,-.28,4( 9;1( /;2( 0p( 9;P
-,14,1802O(,c1.4,4(9;1(/,(9,52,(97.-.1,/(;(F;7(2,8.2[,907(25(J1.-;(
40(/597;(70.1A.78.014;(709572;2(./0U,/02(01(10U;9.;2(/0U,/02O(01870(0//;2(
/,( 9;-F7,( 40( 8.077,2( V( /,( F5028,( 01( -,79C,( 40( F7;V098;2( 857D28.9;2O(
-.107;2O(,U7D9;/,2O(U,1,407;2O([;7028,/02(V(,U7;.145287.,/02(ehF,7,0-P
F702,7.2-;if>(
NKJKNK*D$"(.,&'$(&)%*7-*/$1*8S;
&;-;( 20( 0pF52;( ,1802O( /;2( AD195/;2( 40( /,( &,2,( &,28,T;( 9;1( /,2(
-,c,2(40/(1,79;87Jc9;(b50(F7;F.9.,7;1(25(9709.-.018;O(0pF,12.=1(V(
9;12;/.4,9.=1( 8077.8;7.,/\olO( 402cU57,7;1( 25( 4.29572;( ,18.253A072.A;(
F,7,(8;71,7/,2(01(51(9,780/(-J2(40(/,(47;U,(b50(01(51,(F7.-07,(.12P
8,19.,(U7,A,3,(95/8.A;2(V(9;7704;702(0287,8HU.9;2(F,7,(0/(9;187;/(40(/,2(
758,2(40(/,(9;9,D1,O(0/(-079,4;(40(,7-,2(V(0/(9;187,3,14;O(01870(;87,2(
,98.A.4,402(./0U,/02\o^O(V(b50(F;2807.;7-0180O(.1U702,3,(4.7098,-0180(
9,7U,-018;2(40(47;U,2(,(K28,4;2("1.4;2(V(;87;2(F,D202>(
R,(2;9.04,4(9;1(/;2(h#0T;702(40(/,(@7;U,iO(;87;(40(/;2(-.0-37;2(
40(/,(b5D185F/0(,/.,1:,O(709;1;9.4;2(9;-;(,9,F,7,4;702(40(8.077,2(V(
,58;702( 40( /,( 9;187,770[;7-,( ,U7,7.,( 01( /;2( ,T;2( ;9C018,( 40/( 2.U/;(
F,2,4;(eB0V02O(`aajfO(8,18;(40(/;2(b50(-58,7;1(V(20(402-;A./.:,7;1(
(K1870(0//,2(/,(b50(7045?;(/;2(8H7-.1;2(F,7,(,4b5.7.7(/,(F7;F.04,4(40(F704.;2(F;20D4;2O(
,2D([507,(,(87,AH2(40(/,(A.;/019.,(V(/,([507:,u(/,(R0V(40('U7;(&;-3528.3/02u(/,(R0V(40(
#,10,-.018;(40(/,(E;7-,/.:,9.=1(40(/,(*7;F.04,4(%1-503/0O(V(/,(b50(970=(0/(*7;U7,-,(
'U7;(%1U702;(#0U57;O(,2D(9;-;(40(/,(,F/.9,9.=1(40/(K28,858;(40(@02,77;//;(B57,/(V(/,(
R0V(E;7028,/(40240(25(0pF04.9.=1(C,28,(/,([09C,(b50([507;1(409/,7,4,2(.19;128.859.;P
1,/02(F;7(/,(&;780O(V(0/(/0A,18,-.018;(40(/,(F7;C.3.9.=1(40(,4b5.7.7(-J2(40(51,("1.4,4(
'U7D9;/,(E,-./.,7
\ol(
K/(ka|(40(/;2(709572;2(40(/;2([701802(40/(I/;b50(6;1802(40(6,7D,(F7;A01D,1(40/(
1,79;87Jc9;(e$#!*O(`a\aP,(P(K4Y,7(&;3;2($H//0:(V("307(K17.b50(I,1b50:(6,78D10:f>
\o^
(S07g(C88FgqqYYY>A074,4,3.078,>9;-qA.98.-,7.;2q/;2P?0[02qoa\P/,P9,907.,>
\o]
\ok
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
,(1;-370(40(/,2('"&(eh1,79;F,7,2if(9;-;(40(/;2(b50(1;(.1U702,7;1(
FW3/.9,-0180(,(0//,2O(?528.c9,4,(F;7(/,(10902.4,4(hF;407(c1,19.,71;2(
V( -,1801071;2( A.U01802( 40187;( 40/( 9;1d.98;i( e6,1952;O( `aa^P,f( V(
40(h402c1,19.,7(,(/,2(U5077.//,2i(e$#!*O(`a\aP3(P(!;7U0(%AJ1(R,A0740fO(
F07-.8.=(,9709018,7(/,2([;7851,2(40(,/U51;2(40(/;2(-.0-37;2(40(/,2(
028759857,2(40(/,(&,2,(&,28,T;O(V(9;1(0//;(,4b5.7.7(8.077,2(V(8077.8;7.;2(
F,7,(.-F/0-018,7(;(.1A078.7(01(,98.A.4,402(/0U,/02(eF7;V098;2(,U7;.1P
45287.,/02O(0pF/;8,9.=1(40(709572;2(1,857,/02(V(;37,2(40(.1[7,02875985P
7,O(01870(;87,2fO(,(87,AH2(40(/,2(95,/02(/,A,3,1(/;2(709572;2(V(/,2(8.077,2(
;3801.4,2(40(-,107,(./0U,/(V(A.;/018,>(
R,(h1,79;8.:,9.=1i(40(/,(&,2,(&,28,T;([50(9,52,(40(4.A.2.;102(01P
870( 252( [514,4;702O( ?528,-0180( /,2( 4.2970F,19.,2( 01870( /;2( //,-,4;2(
hF57,(2,1U70i(V(/;2(h1,79;F,7,9;2i(e&.A.9;O(`aajf(;(1,79;F,7,-./.8,P
702(niF,7,2(3501;2i(V(hF,7,2(-,/;2in(F,70901(207(/,(F7.19.F,/(-;8.P
A,9.=1(40(/;2(C;-.9.4.;2(40(&,7/;2(&,28,T;(V(40(,/.,2(h@;3/0(&07;i(
b5.01( /.37=( 51,( 975018,( U5077,( 9;187,( 0/( I/;b50( &,9.b50( N58.3,7,O(
9;-,14,4;(F;7(,/.,2(h@;1(I071,i>(#0UW1(,/.,2(h$7.F/0(&07;iO(&,7/;2(
&,28,T;(,90F8=(0/(,F;V;(40(1,79;87,c9,1802(F,7,(9;-3,8.7(,(/,(U50P
77.//,(01(0/(257(40(I;/DA,7O(V(01(0/(257(V(;7.0180(40/(F,D2(1;(2=/;(F,7,(
;380107(709572;2(c1,19.07;2(2.1;(8,-3.H1(F,7,(40-;287,7(b50(C,3D,(
U75F;2(b50(07,1(F0;702(b50(/;2(9;-,14,4;2(F;7(H/(e6,1952;O(`a\\f>(
NKJKcK*80.7-"$=&-%,.*A*7-10.9.*7-*,&-""$1
K1(02,(2.-3.;2.2(40(/0U,/02(0(./0U,/02(V(9;-;(20(402F70140(40(/,2(
A072.;102(/.3702(40(/;2(F;285/,4;2(01(0/(F7;902;(40(!528.9.,(V(*,:O(V(
01(/,2(409/,7,9.;102(V(70A0/,9.;102(40(;87;2(40(/;2(.180U7,1802(40(/,2(
'"&(,(/,2(b50(20(C.:;(70[07019.,(01(0/(9,FD85/;(4;2O(0p.2801(0/0-018;2(
2528,19.,/02(b50(C,901(0A.40180(/;2(.18070202(09;1=-.9;2(/,801802(01(
0/( 4028.077;( 40( /;2( C,3.8,1802( 40( /,2( :;1,2( 01( b50( 0?079.07;1( 4;-.P
1.;(/,2(028759857,2(F,7,-./.8,702(01U0147,4,2(F;7(/,(&,2,(&,28,T;(,2D(
9;-;(40(,/U51;2(40(/;2(,9,F,7,4;702(40(8.077,2(e-.0-37;2(,98.A;2(V(
,2;9.,4;2f>(R;(,1807.;7(F07-.80(.1[07.7(b50(0p.28.=(51,(0287,80U.,(-,P
97;97.-.1,/(4.7.U.4,(,([;7:,7(0/(,3,14;1;(40(8.077,2(V(25(,F7;F.,9.=1(
A.;/018,(V([7,545/018,(F;7(F,780(40(/,(0-F702,(97.-.1,/(.180U7,4,(F;7(
/,2('"&(V(40-J2(-.0-37;2(40(/,(b5D185F/0(,/.,1:,>(
\o_(
0%.3!1+)':
'/(702F098;O(01(A,7.,2(40(/,2(F7;A.4019.,2(40(/,(&;780(#5F70-,(40(
!528.9.,(V(40(/;2($7.351,/02(40(!528.9.,(V(*,:(20(C,(C09C;(70[07019.,(
,/( ,F;407,-.018;( A.;/018;( 40( 8.077,2O( -04.,180( hC09C;2( 40( 3,73,P
7.0i( b50( h.19/5V07;1( 1;( 2;/;( 0/( 4028.077;( 40( -W/8.F/02( F7;F.08,7.;2O(
40( 95V;2( F704.;2( [507;1( 402F;?,4;2O( 2.1;( 0/( 0-F/0;( 40( ,-01,:,2O(
9;12870T.-.018;(V(40-J2([;7-,2(40(A.;/019.,([D2.9,(V(F2.9;/=U.9,(F,7,(
b5.8,7/02(252(3.0102O(V,(2.1(F,U,7/02(F709.;(,/U51;O(V,(C,9.H14;/;(F;7(
51(A,/;7(.77.2;7.;i(e&#!O(`a\`P3(PK4U,7(%U1,9.;(E.077;(E/;702(V('1P
47H2( 6,57.9.;( $;7702( R0=1f>( @0( -,107,( F,78.95/,7O( 01( /,( 2018019.,(
9;187,(0/(U;3071,4;7(40/(40F,78,-018;(40/(G5,A.,70O(20(0A.4019.,(0/(
9;19572;(01870(-.0-37;2(,98.A;2(V(;7UJ1.9;2(40(/;2(U75F;2(F,7,-./.P
8,702(9;1(207A.4;702(FW3/.9;2(F,7,(402F;?,7(8.077,2(9;1(c102(40(/597;(
V(F7;F=2.8;2(09;1=-.9;2(e&#!O(`a\\(P{29,7(40(!02W2(R=F0:(&,4,A.4f>(
'(F,78.7(40(/,(,1807.;7(9,7,9807.:,9.=1(40(/,(0-F702,(97.-.1,/(F5040(
9;19/5.720(b50(0/(402F/,:,-.018;([;7:,4;(07,(F,780(40(/,2(9;14598,2(
40/.98.A,2( F,7,( 0/( /;U7;( 40/( F7;F=2.8;( 97.-.1,/( -585;( V( 9;-F,78.4;(
F;7(-W/8.F/02(,U01802(/0U,/02(0(./0U,/02>(K1(02,(-04.4,O(V(9;1(3,20(01(
/;(70A0/,4;(01(/,2(A072.;102(/.3702(V(01(;87;2(F7;1519.,-.018;2(40(/;2(
-.0-37;2(40(/,(&,2,(&,28,T;(51.c9,4,(V(,-F/.,4,O(1;(02(F;2.3/0(,.2P
/,7(0/(,F;407,-.018;(V(/,(9;190187,9.=1(40(8.077,2(40/(J1.-;(9;19078,P
4;(40(h70[514,7(/,(F,87.,i(F;7(F,780(40(/;2(.180U7,1802(40(/,(b5D185F/0(
,/.,1:,O(2.1(F07?5.9.;(40(/,2(-;8.A,9.;102(V(?528.c9,9.;102(40(9,4,(51;(
40( 0//;2g( *,7,( /;2( 0-F702,7.;2( b50( /;2( ,52F.9.,7;1( V( c1,19.,7;1( 20(
87,8,3,(40(7,:;102(40(20U57.4,4(F,7,(;F07,7(V(0p801407(252(,98.A.4,402(
09;1=-.9,2>(*,7,(/;2(h#0T;702(40(/,(47;U,i(07,(/,([;7-,(40(9;12;/.4,7(
758,2O(/,A,7(,98.A;2(V(,/9,1:,7(F;407(V(709;1;9.-.018;(2;9.,/(V(F;/D8.9;(
eS07g(@519,1O(G>O(`aak(V(B0V02O('>(`aajf>(*,7,(/;2(-./.8,702(b50(/;2(
[;7-,7;1O(/02(9;/,3;7,7;1(;(C.9.07;1(F,780(40(0//;2(07,(/,(-,107,(40(
9;-3,8.7(,(/,(.1257U019.,(V(40(9;12;/.4,7(/;2(8077.8;7.;2(/.307,4;2>()O(
c1,/-0180O(F,7,(/,2(H/.802(70U.;1,/02(87,4.9.;1,/-0180(/.U,4,2(,/(F;407(
F;/D8.9;(V(,(/,(801019.,(40(/,(8.077,(e8077,801.01802fO(20(9;128.85D,(01(/,(
;F;7851.4,4(40(7095F07,7(/;2(F704.;2(b50(C,3D,1(F074.4;(9;-;(9;1P
2095019.,(40(/,2(/59C,2(40(/;2(-;A.-.018;2(9,-F02.1;2(40(-04.,4;2(
40/(2.U/;(††O(V(/;2(b50(C,3D,1(A014.4;(,/(K28,4;(F,7,(F7;902;2(40(
\oj
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
70[;7-,(,U7,7.,(403.4;(,(9,52,2(9;-;(/,(0p8;72.=1(40(/,2(U5077.//,2(;(
,(/,(FH74.4,(40(25(A,/;7(09;1=-.9;(F;7(0[098;2(40(/,(,F07857,(40(/;2(
,T;2( jaO( ,2D( 9;-;( 40( ,802;7,7( 8.077,2( V( 709572;2( 1,857,/02( e&NBBP
G6<O(`a\aP,f>(
#.1(3.01(1;(0p.280(51,(702F5028,(2.280-,8.:,4,(,(/,(F70U518,(40(2.(
0p.28.=(51(F/,1(-,97;97.-.1,/(F,7,(,F;407,720(40(/,2(8.077,2(V(8077.P
8;7.;2(402F;3/,4;2(9;1(/,(9;-.2.=1(40(97D-0102(,87;902(V(40/.8;2(40(
/02,(C5-,1.4,4O(,/(,-F,7;(40/(F7;F=2.8;(40(709;1cU57,7(0/(K28,4;(0(
.-F;107(51(150A;(;7401(09;1=-.9;O(2;9.,/O(95/857,/(V(F;/D8.9;>(K28,(
F70U518,(F,7090(702F;140720(01(/,2(-.2-,2(A072.;102(01(/,2(b50(0p(
9;-,14,1802(C,1(,4-.8.4;(b50(/,(7095F07,9.=1(40(8077.8;7.;2(.-F/.P
9,3,(8,-3.H1(h7095F07,7i(c19,2(V(807701;2(b50(C,3D,1(2.4;(A014.4;2(
F;7( 252( F7;F.08,7.;2( F,7,( F7;U7,-,2( 40( 70[;7-,( ,U7,7.,( e6,1952;O(
`a\\fu(01(/,2(b50(20T,/,1(b50(4087J2(40(/,(708;7.9,(40(9;-3,8.7(/,(253P
A072.=1(028,3,(/,(h9;19577019.,(40(A;/518,402i(e&#!O(`aaj(#,/A,4;7(
'7,1,(#52f(F,7,(,F7;F.,720(40(807701;2(01(:;1,2(9;1(F;8019.,/(F,7,(/,(
0pF/;8,9.=1(40(709572;2(1,857,/02(e,/.,2(hK/(#,-,7.;i(V(,/.,2(h<<ifO(
V(01(/,2(b50(95018,1(40(7051.;102(01(/,2(b50(20(F/,10,7;1(0287,80U.,2(
F,7,(,F;407,720(40(8.077,2(e,/.,2(h*.8.77.if(70[07.4,2(01(0/(9,FD85/;(807P
907;>
K28,2(70A0/,9.;102(U5,74,1(70/,9.=1(9;1(0/(//,-,4;(,1802(9.8,4;(40(
/;2(20.2(0p(9;-,14,1802(h,(2018,7(01(0/(3,1b5.//;(1;(2=/;(,(vwx(/,2(
h028759857,2(,7-,4,2iO(2.1;(8,-3.H1(,(hF;/D8.9;2O(0-F702,7.;2O([51P
9.;1,7.;2(40(,/8;(1.A0/O(U7,1402(9;187,8.28,2O(.1A072.;1.28,2(0p87,1?07;2(
V(-.0-37;2(40(/,([507:,(FW3/.9,i(eB014=1(„(;87;2O(`a\\fO(9;-;(70P
b5.2.8;(.14.2F012,3/0(0(.10/54.3/0(F,7,(029/,70907(/,(hA074,4(A074,40P
7,i(e@K#)*9f(2;370(0/(4028.077;(V(25(70/,9.=1(9;1(/,(9;190187,9.=1(40(/,(
8.077,(9;-;(0[098;(40/(0pF;/.;(2.280-J8.9;(V(-,2.A;>(
'2.-.2-;O(/;2(9,2;2(b50(20(40297.301(01(20U5.4,(F07-.801(A.2/5-P
37,7(b50O(,40-J2(40(51(F,87=1(40(,F7;F.,9.=1(40(8.077,2O(8077.8;7.;2(V(
709572;2(1,857,/02O(20(9;1[;7-=(/;(b50(F;47D,(401;-.1,720(/,(h0-P
F702,( 97.-.1,/( 40( 402F;?;( V( /0U,/.:,9.=1iO( 01U0147,4,( F;7( S.90180(
&,28,T;(b50(20(02F,79.=(F;7(8;4;(0/(F,D2(,(/,(F,7(b50(20(0pF,14D,1(
/,2(028759857,2(51.c9,4,2(F;7(/,(&,2,(&,28,T;(V(20(F7;459D,(/;(b50(
\]a(
0%.3!1+)':
G,7,V(„(;87;2(C,1(40297.8;(9;-;(/,(h709;1cU57,9.=1(9;;F8,4,(40/(
K28,4;i\ok>
@0(/,(40c1.9.=1(,1802(9.8,4,(F50401(0p87,0720(/;2(2.U5.01802(9;-P
F;101802(,F/.9,3/02(,(/,(/=U.9,(40(5257F,9.=1(V(/0U,/.:,9.=1(40(8.077,2(
V(8077.8;7.;2(F;7(F,780(40(/,(0-F702,(97.-.1,/(,1802(70[07.4,O(/;2(b50(
2;1(9;-5102(,(/;2(9,2;2(b50(20(9;-018,1(-J2(,40/,180g(
!" F'*$&*!.0!-.8&('g('2;9.,9.=1(01870(0-F702,2(V(U75F;2(09;1=-.P
9;2(/0U,/02(/;9,/02O(70U.;1,/02(V(1,9.;1,/02O(0(./0U,/02(e1,79;87,cP
9,1802(V(F,7,-./.8,702f(F,7,(9;-0807(;(40807-.1,7(402F/,:,-.01P
8;2(V(,F7;F.,720(40(/,2(8.077,2(V(8077.8;7.;2(402;95F,4;2\o_>(
!" F'*$&*!.0!-.8&,'.)(g(%1c/87,9.=1(01(.128,19.,2(0?0958.A,2O(/0U.2/,8.P
A,2(V(?54.9.,/02O(=7U,1;2(40(9;187;/O(V(;87;2(;7U,1.2-;2(028,8,/02O(
/,(E507:,(*W3/.9,(V(01(/,2(018.4,402(9;1([519.;102(01(0/(402,77;//;(
09;1=-.9;(V(2;9.,/(V(01(/,(F7;F.04,4(40(/,(8.077,(VO(F;7(0140(01(25(
/0U,/.:,9.=1O(,2D(9;-;(01(0/(,F,/,19,-.018;(40(/;2(F7;V098;2(b50(
20(.128,/,3,1(01(/;2([514;2(0pF;/.,4;2>(
!" F'*$&*!.!0(%!9*)#(%!*980*.)(%g(R,(A.;/019.,O(0/(8077;7O(0/(2;3;71;O(
0/(,F7;A09C,-.018;(40/(028,4;(40(10902.4,4(40(/,2(AD98.-,2O(/,(9;P
775F9.=1O(0/(c1,19.,-.018;(40(F,78.4;2(F;/D8.9;2(V(40(9,14.4,8;2(
9;1(0/(J1.-;(40(.19.4.7(01(/,2(409.2.;102(V(,F7;F.,720(40(709572;2(
F,7,(.-F;107(51(-;40/;(40(402,77;//;(09;1=-.9;(01(/;2(8077.8;P
7.;2(,3,14;1,4;2([;7:;2,-0180>(
!" F'*$&*!.0!8.'.!J,Tg('4b5.7.7(F;407(F;/D8.9;(F,7,(.1d5.7(01(0/(4.P
20T;(V(/,(,4;F9.=1(40(/,2(1;7-,2(V(70U5/,9.;102(,c102(,/(F7;F=P
2.8;(40(3010c9.,720(09;1=-.9,-0180(V(40(/0U,/.:,7(V([;7-,/.:,7(0/(
0pF;/.;(V(525[7598;(40(/,2(8.077,2(F,7,(0/(017.b509.-.018;(F7;F.;(
40(/;2(.180U7,1802(40(/,2(028759857,2(,7-,4,2(40/(F,7,-./.8,7.2-;(
(K18014.4,(9;-;(hvwx(/,(,99.=1(40(.14.A.45;2O(U75F;2(;(c7-,2O(01(0/(2098;7(FWP
3/.9;(V(F7.A,4;O(b50(.1d5V01(01(/,([;7-,9.=1(40(/0V02O(70U5/,9.;102O(409708;2(V(;87,2(
F;/D8.9,2(40/(G;3.071;O(F,7,(25(F7;F.;(3010c9.;(9;-;(7025/8,4;(40(F7;A.2.;102(./D9.8,2(
V(1;(87,12F,701802(40(3010c9.;2(F7.A,4;2(;8;7U,4;2(,([519.;1,7.;2(FW3/.9;2i(eI,19;(
6514.,/O(`aaaf>
\o_
(R,(&;780(&;128.859.;1,/(C,(.14.9,4;(b50(/;2(.18070202(09;1=-.9;2(2;370(8077.8;7.;2(V(
709572;2O(F;7(F,780(40(,98;702(,7-,4;2(;(1;(,7-,4;2O(/0U,/02(0(./0U,/02(,2;9.,4;2(hvwx(
02(51,(40(/,2(F7.19.F,/02(9,52,2(40(402F/,:,-.018;([;7:,4;i(e&;780O(`aaj(V(`aajP,f>
\ok
\]\
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
V(40(252(,/.,4;2(nF;407(09;1=-.9;nO(,4b5.7.7(028,852(2;9.,/(V(/,A,7(
/,2(7018,2(./D9.8,2(0(./0U,/02(eR=F0:O(\a\af>
K1(;87,2(F,/,37,2(V(9;-;(20(402F70140(40(/;2(2.U5.01802(9,2;2O(01(0/(
402F;3/,-.018;(40(8077.8;7.;2(V(01(/,(9;120950180(,F7;F.,9.=1(./0U,/(
0(./0UD8.-,(40(8.077,2(V(01(25(/0U,/.:,9.=1O(V,([507,(F,7,(/;2(-.0-37;2(
V( 20U5.4;702( 40( /,( 9,52,( F,7,-./.8,7O( ;( 40( ;87;2( b50( 525[75985,7;1(
/;2(7H4.8;2(40(252(,99.;102(97.-.1,/02O(9;1d5V07;1(,U01802(FW3/.9;2(
V(F7.A,4;2O(/0U,/02(0(./0U,/02(2.U1,4;2(F;7(0/(,[J1(40(017.b509.-.018;(
Vq;(0-F;407,-.018;(F;/D8.9;O(09;1=-.9;(V(2;9.,/>(
NKLK*;$1.1*7-*7-10.9.*A*/-#$/&'$(&)%
'(9;18.15,9.=1(20(40297.3.7J1(20.2(9,2;2(40(402F;?;(V(40(25(/0U,/.P
:,9.=1(01(/,2(70U.;102(40(4;-.1.;(40(/,2(028759857,2(40(/,2('"&>(K1(
F7.-07(/5U,7O(F;7(207(F.;107;(V(9;180107(/;2(0/0-018;2(b50(40c1.07;1(
V(U5.,7;1(0/(F/,1(97.-.1,/(40(,F;407,720(40(8.077,2(V(709572;2(1,85P
7,/02O(20(,/540(,/(402F;?;(40(/;2(8077.8;7.;2(9;/098.A;2(40(/,2(9;-51.P
4,402(10U7,2(40(!.U5,-.,14=(V(&57A,7,4=>(K1(20U5.4,(20(9;-018,1(
/;2(*7;V098;2(*7;4598.A;2(F,7,(/,(*,:(40(6,1952;(V(B014=1O(01(/;2(
b50(3,?;(0/(4.29572;(40(;[70907(;F;7851.4,402(/,3;7,/02(,(/;2(402-;P
A./.:,4;2( 20( F07-.8.=( 4028.1,7( /,2( 8.077,2( ,3,14;1,4,2( ;( 9;-F7,4,2(
[;7:,4,-0180(,(/,2(AD98.-,2(40/(402F/,:,-.018;(,(/,(.-F/,18,9.=1(40(
.1.9.,8.A,2(F7;4598.A,2O(01(/,2(b50(20(0A.4019.,1(/;2(0/0-018;2(40/(F/,1(
97.-.1,/(40(/0U,/.:,7(0/(0pF;/.;(V(40(0A,4.7(0/(40307(40(70F,7,7(,(/;2(
,[098,4;2>(K1(807907(/5U,7O(20(C,90(70[07019.,(,(/;2(9,2;2(b50(C,1(2.4;(
;3?08;(40(409.2.;102(01(0/(-,79;(40/(F7;902;(40(/,(R0V(jkl(40(`aalO(
/;2(b50(9;18.0101(A,7.;2(40(/;2(9.8,4;2(0/0-018;2(01(02F09.,/(0/(0-P
F/0;(40(/,(-,b5.1,7.,(028,8,/(,4-.1.287,8.A,(V(?54.9.,/(F,7,(/,(0-F702,(
97.-.1,/(40(402F;?;(V(/0U,/.:,9.=1>
NKLKJK*R-10.9.*-%*5&#:$=&$%7)*A*;:"P$"$7)
K/(0pF;/.;(40(/;2(8077.8;7.;2(40(/,2(9;-51.4,402(,[7;4029014.01802(
4028077,4,2( 40(/,2( 95019,2(40(/;2( 7D;2( 40(!.U5,-.,14=( V(&57A,7,4=(
F07-.80(25U07.7(b50(40240(-04.,4;2(40(/;2(,T;2(1;A018,(40/(F,2,4;(
2.U/;(20([7,U5=(51(F/,1(97.-.1,/(4.7.U.4;(/,(5257F,9.=1(V(;95F,9.=1(
A.;/018,(40(8.077,2(V(8077.8;7.;2(F;7(F,780(40(/,(0-F702,(97.-.1,/(V(01(
\]`(
0%.3!1+)':
3010c9.;( 40( /;2( -.0-37;2( 40( /,( b5D185F/0( ,/.,1:,O( /,( b50( /50U;( 20(
A;/9=(,(25(/0U.8.-,9.=1(,(87,AH2(40(/,(0-F702,(40(/0U,/.:,9.=1(40/(402P
F;?;O(9;1(/,(h9;1[,35/,9.=1(01870(,58;7.4,402(V(,58;40[012,2i(e$#!*O(
`a\aP,(P(K4Y,7(&;3;2($H//0:(V("307(K17.b50(I,1b50:(6,78D10:fO(V(,(
/,(b50(20(25-,7;1(,U01802(F7.A,4;2(V(1,79;87,c9,1802>(
R,(9;190F9.=1(40(020(F/,1(97.-.1,/(20(70/,9.;1,(9;1(/;2(F07c/02(40(
/;2(8702(C07-,1;2(&,28,T;g(E.40/O(&,7/;2(V(S.90180(40297.8;2(,1807.;7P
-0180>(&;-;(20(20T,/=O(,(/,(-50780(40(E.40/(252(C07-,1;2(20(404.9,P
7;1(,(9;18.15,7(25(/,3;7g(01(8,18;(&,7/;2(20(019,7U=(40(F07[099.;1,7(
V(A.2.3./.:,7(0/(4.29572;(,18.253A072.A;(40(/,2('&&"(V(40([;7?,7(0/(F7;P
V098;(F;/D8.9;P-./.8,7(40(/,2('"&O(S.90180(&,28,T;O(,/.,2(hK/(*7;[0iO(
40240(/,(2;-37,O(/.407=(/,(0pF,12.=1(V(9;12;/.4,9.=1(09;1=-.9,(40(
/,(&,2,(&,28,T;O(/,(b50(.19/5D,(0/(,F;407,-.018;(40(8.077,2(V(8077.8;P
7.;2( -04.,180( /,( [507:,( 40( /,( A.;/019.,( F,7,( .-F/0-018,7( F7;V098;2(
F7;4598.A;2O(8,/(V(9;-;(/;(C,1(1,77,4;(A,7.;2(40(/;2(402-;A./.:,4;2(
e9,FD85/;(F7.-07;f>(
K2(,/.,2(h),75-;iO(0/(h907037;i(40(/,(0pF,12.=1(09;1=-.9,(40(/,(
9,52,(F,7,-./.8,7O(b5.01(C,9.014;(C;1;7(,(25(C;-=1.-;(0/(F7;[02;7(
),75-;(40(/,(E0407,9.=1(40(&,[0807;2\ojO(402,77;//=(/,(2.0-37,(-,2.A,(
40(F,/-,(,90.807,(01(/;2(8077.8;7.;2(402,/;?,4;2(F;7(/,2(9;-51.4,402(
10U7,2( 40( !.U5,-.,14=( V( &57A,7,4=( 01( /,( 70U.=1( 40( "7,3J>( K1( 02,(
.1.9.,8.A,(A,7.;2(40(/;2(0/0-018;2(40/(-.97;(-;40/;(40(E.40/(&,28,T;(
[507;1( ,4;F8,4;2( F;7( 25( C07-,1;( S.90180O( 01870( 0//;2g( \f( /,( 8;-,(
-./.8,7( V( 0/( 402F/,:,-.018;( ,( 2,1U70( V( [50U;O( `f( /,( ,F7;F.,9.=1( ,( /,(
[507:,(;([7,545/018,(V(/,(9;-F7,(,(-01;2(F709.;(40(U7,1402(0p8012.;P
102(40(8.077,2O(of(/,(.-F/0-018,9.=1(40(F7;V098;2(09;1=-.9;2(V(]f(/,(
10902.4,4(40(029;1407(V(/,A,7(/;2(709572;2(;3801.4;2(40(,98.A.4,402(
./0U,/02(0(./D9.8,2O(V(lf(0/(70F;3/,-.018;(F,7,(0?07907(9;187;/(2;9.,/(01(
/;2(8077.8;7.;2(/.307,4;2(40(/,(U5077.//,>(
(&,25,/-0180O(0/(F7;[02;7(),75-;(02(0/(0-3/0-,(40/(#07A.9.;(40(Kp8012.=1(40(/,(E0P
407,9.=1(N,9.;1,/(40(&,[0807;2O(95V,(c1,/.4,4(02(402,77;//,7(0(.-F/0-018,7(hvwx(F7;P
U7,-,2(8H91.9;2O(2;9.,/02O(09;1=-.9;2O(,-3.018,/02(V(U70-.,/02i(9;1(/;2(9,c95/8;702>
\oj
\]o
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
*07;O(2.1(/5U,7(,(454,2O(hK/(*7;[0(),75-;i(F07[099.;1=(V(2;c28.9=(
0/(-;40/;(40(E.40/(,/(/;U7,7(/,(F,78.9.F,9.=1(,98.A,(40(,98;702(F7.A,P
4;2(01(/,(.-F/0-018,9.=1(40(/;2(F7;V098;2(,U7;.145287.,/02(40(U7,1(
029,/,O(/,(9;1[;7-,9.=1(40(,2;9.,9.;102(V(0-F702,2(9;-079.,/02(V(0/(
9;19572;(40(/,(.128.859.;1,/.4,4(028,8,/(70b507.4,O(,2D(9;-;(/,(,/.,1:,(
9;1(/;2(h#0T;702(40(/,(@7;U,i>
K1(F,/,37,2(40(,/.,2(hK/(*7;[0iO(
vwx( V;( -.2-;( 9;120U5D( /;2( 0-F702,7.;2( F,7,( .1A078.7( 01( 02;2( F7;P
V098;2(b50(2;1(457,407;2(V(F7;4598.A;2>(R,(.40,(02(//0A,7(,(/;2(7.9;2(,(
.1A078.7(01(020(8.F;(40(F7;V098;2(01(4.[0701802(:;1,2(40/(F,D2>('/(//0A,7(,(
/;2(7.9;2(,(02,2(:;1,2(//0U,1(/,2(.128.859.;102(40/(K28,4;>(@02,[;7851,4,P
-0180(/,2(.128.859.;102(40/(K28,4;(2=/;(/0(9,-.1,1(,(02,2(9;2,2(95,14;(
028J1(/;2(7.9;2>(<,V(b50(//0A,7(7.9;2(,(8;4,2(/,2(70U.;102(40/(F,D2(V(02,(02(
51,(40(/,2(-.2.;102(b50(8.0101(8;4;2(/;2(9;-,14,1802\]a>
J4*b$*,.=$*=&/&,$"*A*-/*7-10/$'$=&-%,.*$*1$%#"-*A*6:-#.
K1( 0/( CJ3.8,8( 40( /;2( 9;120?;2( 9;-51.8,7.;2( ,[7;9;/;-3.,1;2( 40(
&57A,7,4=(V(!.U5,-.,14=\]\O(b50(7;40,1(,/(-51.9.F.;(40(&,7-01(
40/(@,7.H1(01(&C;9=(V(0/(9;770U.-.018;(40(I0/H1(40(I,?.7J\]`O(-5P
1.9.F.;(658,8J(01('18.;b5.,(eS07g(&%!*O(`aalfO(20(,40/,18=(/,(//,P
-,4,(hQF07,9.=1(GH102.2iO(4.7.U.4,(F;7(0/(0p(U0107,/(B.8;('/0?;(
40/(BD;O(01(020(018;1902(9;-,14,180(40(/,(I7.U,4,(†S%%\]oO(0/(`](
,/(`k(40([03707;(40(\jjkO(/,(b50(20(?528.c9=(9;-;(51,(,985,9.=1(
F7;F.,(40(/,2([507:,2(,7-,4,2(9;187,(0/(E70180(lk(40(/,2(E'B&>(
K1(/,2(409/,7,9.;102(40(402-;A./.:,4;2(P(F;285/,4;2O(20(C,(70A0/,P
4;(/,(9;-F/.9.4,4(01870(/,2('&&"(V(-.0-37;2(40/(K?H79.8;(01(/,(
0?0959.=1(40(4.9C,(;F07,9.=1>(&;19708,-0180O(0/(0p(9;-,14,180(
(B0A.28,(=*9.$.g(h<,3/,(S.90180(&,28,T;i>
(R,(40297.F9.=1(40(0280(9,2;(20(3,2,O(01870(;87;2(4;95-018;2O(01(,78D95/;2(40(-04.;2(
40(9;-51.9,9.=1(e&%!*O(`aal(V(#,/.1,2O(`a\\f>
\]`
(R;2(40F,78,-018;2(40(&C;9=(V('18.;b5.,(0187,7;1(01(51,(4.2F58,(/0U,/(F;7(/,(F07P
801019.,(40(I0/H1(40(I,?.7JO(9;-;(-51.9.F.;(40/(F7.-07;O(;(9;770U.-.018;(40/(20U514;>(
K1g( S,70/,O( L>O( h'18.;b5.,( V( &C;9=( 20( 01[7018,1( 01( 51,( y-.1.U5077,z( F;7( F,/-,( 40(
,90.80O(;7;O(1Db50/O(9;370(V(F087=/0;i>
\]o(
K/(0p(U0107,/(B.8;('/0?;(40/(BD;O(02(,985,/-0180(.1A028.U,4;(F;7(/,2(409/,7,9.;102(40(
A,7.;2(0p(?0[02(F,7,-./.8,702O(01(02F09.,/(40/(9;-,14,180(40/(I/;b50(r/-07(&J7401,2>(
S07g(S074,4'3.078,O(h$580/,([701,(?5.9.;(,(B.8;('/0?;(40/(BD;i>
\]a
\]\
\]](
0%.3!1+)':
40/(IK&O(E7044V(B014=1(<07707,(C,(1,77,4;(0/(01950187;(01(0/(
b50(F,78.9.F,7;1(.180U7,1802(40(/,(I7.U,4,(†S%%(V(40(/;2(F,7,-./.P
8,702O(01(0/(b50(,40-J2(40(9;1A01.720(/;2(h408,//02(40(/,(;F07,9.=1(
b50(20(70,/.:,7D,1(F;7(8.077,(V(,.70iO(20(,9;74=(b50(/;2(F,7,-./.8,702(
/,(,F;V,7D,1(,(87,AH2(40(4;90(40(25(C;-3702(b50([51U.07;1(9;-;(
U5D,2\]]>
L4* b$*$0".0&$(&)%*A*(.=0"$*$*=-%.1*0"-(&.*7-*#"$%7-1*-QU
,-%1&.%-1*7-*,&-""$1
K/(0[098;(4.7098;(40(4.9C,(;F07,9.=1O(b50(F;47D,(9,8,/;U,720(9;-;(
51([01=-01;(40(hF,7,.128.859.;1,/.4,4(-./.8,7iO([50(0/(402F/,:,P
-.018;(-,2.A;(40(9079,(40(95,87;(-./(C,3.8,1802(40(/,(70U.=1O(b50(
20(70[5U.,7;1(01(*,1,-J(;(20(402F/,:,7;1(C,9.,($573;(V(658,8JO(V(
40/(402F;?;(-,2.A;(40(``(-./(C098J70,2\]l>(hK/('/0-J1i(C,(9;18,P
4;O(b50(9;1(F;2807.;7.4,4(,(/,(-.U7,9.=1([;7:,4,O(S.90180(&,28,T;(
F7;U7,-,3,(51;2(hF,20;2i(F,7,(.4018.c9,7(/;2(807701;2(,F8;2O(/;2(
b50( F;1D,( ,/( 95.4,4;( 40( 252( h,4-.1.287,4;702i\]^O( ,( b5.0102( /02(
019,7U,3,(/,(8,70,(40([;7-,/.:,7(25(,4b5.2.9.=1>
of( b$* &=0/-=-%,$(&)%* 7-* 0".A-(,.1* -(.%)=&(.1* 7-* #"$%*
-1($/$*-%*$1.(&.*(.%*$#-%,-1*0"&P$7.1*A*0\O/&(.1
K1(/;2(8077.8;7.;2(402;95F,4;2(F;7(/,([507:,(20(.-F/0-018=(0/(-;P
1;95/8.A;(40(F,/-,O(F7;V098;(,U7;.145287.,/(,(U7,1(029,/,(40(8,74D;(
7014.-.018;(b50(40-,14,3,(709572;2(2.U1.c9,8.A;2>(K2(,2D(9;-;(
S.90180( &,28,T;( /;U7=( /,( F,78.9.F,9.=1( 01( 4.[0701802( 2;9.04,402(
9;-079.,/02( 40( h7.9;2i( n8077,801.01802O( U,1,407;2O( 3,1,107;2\]kO(
-,40707;2(V([,-./.,2(F7028,1802(/;9,/02(,18.;b50T;2(V(9;74;30202O(
F7.19.F,/-0180\]_O(01870(0//;2(‚,8C.,(#J19C0:O(70F702018,180(/0U,/(
(B*').):K#*'&.g(h@;90(F,7,-./.8,702([507;1(U5D,2(40/(K?H79.8;(01(;F07,9.=1(GH102.2g(
yK/('/0-J1zi>
\]l
(hR,2(9;-51.4,402(40(&57A,7,4=O(&,9,7.9,(V(@;-.1U;4=O(C,3/,1(40(F;7(/;(-01;2(
A0.18.4=2(-./(C098J70,2(b50(/02(C,1(2.4;(,7703,8,4,2(F;7(/;2(C;-3702(40/(I/;b50(r/-07(
&J7401,2i>(K1g(B*').):K#*'&.O(hS.98.-,7.;2(P(I/;b50(r/-07(&J7401,2i>
\]^
(K1870(/;2(401;-.1,4;2(h,4-.1.287,4;702i(20(C,1(-019.;1,4;(,(,/.,2(h*,/.//;iO(,/.,2(
h6=A./(_i(;(hN,F;iO(,/.,2(hlli(V(2;7($0702,(G=-0:(X/A,70:>
\]k(
K1g(0/-514;>9;-(h"7,3J(4030(-.7,7(;87,2(F;2.3./.4,402i>
\]_
(?*;#%&.!=*9.$.g(hR,(F,/-,(-,/4.8,i>(
\]]
\]l
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
40(/,(0-F702,("B'*'R6'(V(02F;2,(40(<071J1(G=-0:(<071J1P
40:O( F;/D8.9;( V( 9;74;3H2O( ,-.U;( 40( &,7/;2( &,28,T;( e'7,1U5701O(
`aa\fO(0/(0-F702,7.;(3,1,107;(B,W/(<,23W1(V(0/(0(KK/%&.(B;47.U;(
+,F,8,\]j(eS0/;:,O(`a\\fO(b5.0102(,T;2(-J2(8,740(20(402-;A./.:,P
7;1(9;1(/;2(,/.,2(40(h*047;(I;1.8;i(V(hB.9,74;i(9;-;(.180U7,1P
802(;7UJ1.9;2(40(/;2(3/;b502(I,1,107;(V(&,/.-,O(702F098.A,-0180(
ehF,7,09;1;-D,ifnu(,2D(9;-;(40(0-F702,7.;2(40(;87,2(:;1,2(40/(
F,D2O(01870(0//;2(/;2(F7;F.08,7.;2(40("B'*'R6'(V(40(GB'@K#'(
\la
b50(.128,/=(/,(F/,18,(0p87,98;7,(40/(,90.80(40(/,(F,/-,(01(658,8JO(
&C;9=(ehF,7,0-F702,7.2-;if>(
'4.9.;1,/-0180O(h),75-;i(9;19078=(0/(,F;V;(40(F;/D8.9;2(9;-P
F7;-08.4;2(9;1(0/(F7;V098;(F,7,-./.8,7O(,/U51;2(40(/;2(95,/02(20(
01950187,1(9;1401,4;2(;(028J1(2.014;(.1A028.U,4;2(F;7(9;19.078;(
F,7,(40/.1b5.7>($,/(02(0/(9,2;(40/(0p(U;3071,4;7(40/(&,59,(F;7(0/(
*,78.4;(R.307,/O(!5,1(!;2H(&CJ5p(6;2b507,O(8D;(40(6,7D,(E071,14,(
+WT.U,O(0p(F702.40180(40(E%N'GBQ(P018.4,4(b50(01870U=(70957P
2;2( F,7,( /,( 2.0-37,( 40( F,/-,PO( C.?,( 40/( 450T;( 40( "B'*'R6'O(
'18;1.;(N0/(+WT.U,(&,3,//07;O(0-F702,7.;(V(F;/D8.9;(40/(6,U4,P
/01,(ehF,7,F;/D8.9,ifO(A.195/,4;(,(/,(,4b5.2.9.=1(40(F704.;2(40187;(
40/(*,7b50(N,9.;1,/(N,857,/($,V7;1,>(
K/(F7;V098;(F,/-.95/8;7([50(.-F5/2,4;(01(/,(hE07.,("7,3J(A.37,(01(
/,(70U.=1O(/,(F,/-,(,[7.9,1,(V(252(,F;7802(,/(402,77;//;(40(/,(70U.=1iO(
F;7(/,('2;9.,9.=1(40(K-F702,7.;2(Kp.8;2;2(F;7(/,(*,:O(018.4,4(b50(
(S.195/,4;(,(/,(;7U,1.:,9.=1(40(/,(7051.=1(01(*,/,9.;(01(/,(b50(F,78.9.F,7;1(0/(,202.P
1,4;(0p(F,7,-./.8,7O('18;1.;(R=F0:(,/.,2(h!;3iO(/,([519.;1,7.,(40/(@'#O(6,78,(R0,/(V(
0/(0p(U;3071,4;7(40/(&,59,(V(0p(0-3,?,4;7(!5,1(!;2H(&CJ5pO(9;1(0/(c1(40(C,907(20U5.P
-.018;(,(/,2(,98.A.4,402(40/(-,U.287,4;(b50(.1A028.U,3,(/;2(9,2;2(40(F,7,F;/D8.9,O(%AJ1(
S0/J2b50:O( 7051.=1( b50( 02( ;3?08;( 40( .1A028.U,9.;102( 01( /,( E.29,/D,( ,985,/-0180>( S07g(
LLL>7,4.;>9;-(h#09708,7.;(40(*,/,9.;(1.0U,(,9079,-.018;(9;1(0/(F,7,-./.8,7(B;47.U;(
+,F,8,i>(
\la
( B09;1;9.4,( 0-F702,( F,/-.95/8;7,( 40/( 6,U4,/01,( V( 3010c9.,7.,( 40( 709572;2( 40( /,(
9;;F07,9.=1(40(K28,4;2("1.4;2O(8.010(0/(la|(40(252(3.0102(01(F7;902;(40(0p8.19.=1(
40( 4;-.1.;( F;7( 9;14598,2( 70/,9.;1,4,2( 9;1( 0/( 87Jc9;( 40( 47;U,2( ./D9.8,2( e40! P#*98(g(
hK-F702,(40(y6,9,9;z(20(y9;/=z(01870(3010c9.,7.,2(40(F/,8,(40/(*/,1(&;/;-3.,iO(-,7:;(
40(`aaj>(
\]j
\]^(
0%.3!1+)':
[50(F702.4.4,(F;7(R5.2(%U1,9.;(G5:-J1(B,-D70:O(0p(2534.7098;7(
40(/,(&;7F;7,9.=1(F,7,(0/(@02,77;//;(#;2801.3/0(40/("7,3J(e&QBP
*Q"B'IXfO(019,7U,4;(\k(A0902(40(/,(U;3071,9.=1(40('18.;b5.,(
01(0/(F07.;4;(\jjlP\jjkO(40(X/A,7;("7.30(SH/0:\l\O(b5.H1(01(`aak(
/;(1;-37=(9=125/(01(6.,-.O(K28,4;2("1.4;2>(G5:-J1(B;47DU50:(
C,(2.4;(20T,/,4;(F;7(hK/('/0-J1i(9;-;(51;(40(/;2(9;-F7,4;702(
40(8.077,2(01("7,3J\l`O(V(C,(2.4;(51(,98.A;(F,78.9.F,180(01(70F70P
2018,9.=1( 40( /;2( F,/-.95/8;702( 01( /;2( 01950187;2( 70,/.:,4;2( 9;1(
/,2( 9;-51.4,402( ,[7;4029014.01802( F,7,( 4,7( 95-F/.-.018;( ,( /,2(
=740102(40(/,(&;780(40(7028.85.7/02(252(8077.8;7.;2(9;/098.A;2\lo>
@0(028,([;7-,O(,/.,2(hK/(*7;[0i(9;;F8=(/,(.128.859.;1,/.4,4(019,7P
U,4,(40(,F;V,7O(,58;7.:,7(V(c1,19.,7(0280(8.F;(40(.1.9.,8.A,2g(G;P
3071,9.=1(40('18.;b5.,O(&QB*Q"B'IX(V(&Q@K&<Q&{(01(
/;( /;9,/( V( 70U.;1,/O( V( E%N'GBQ( V( 0/( I,19;( 'U7,7.;( eF702.4.4;(
01(/,(HF;9,(F;7(!5,1(I>(*H70:O(b5.01(01870(/;2(,T;2(`aa`(,(`aa^O(
9;;74.1=(/;2(***f(01(/;(1,9.;1,/O(,2D(9;-;(/,(.128.859.;1,/.4,4(,(
87,AH2( 40( /,( 95,/( 20( /0U,/.:=( 0/( 402F;?;( n%N&QB'q%N&Q@KBO(
;c9.1,2(40(1;8,7.,4;O(9,8,287;(V(70U.287;n(ehF,7,.128.859.;1,/.4,4i(
9.A./f>('4.9.;1,/-0180O("B'*'R6'O(51;(40(/;2(2;9.;2(40(/,(0-P
F702,(97.-.1,/\l](40/(402F;?;(V(25(/0U,/.:,9.=1O(U028.;1=(709572;2(
40(/,(9;;F07,9.=1(40(K28,4;2("1.4;2(e#,/.1,2O(`aa^f>(
#0UW1( ,/.,2( h<<i( eS0/;:,O( `a\\fO( F;7( 252( 9;18,98;2( 9;1( 207A.P
4;702(FW3/.9;2(40(,/8;(1.A0/O(B;47.U;(+,F,8,O(h9079,1;(,(S.90180(
&,28,T;(G./(V(9;12.407,4;(0/(h9,19.//07iO(40(/,2('58;40[012,2("1.P
4,2(40(&;/;-3.,\llO([50(0/(019,7U,4;(40(U028.;1,7(0/(%19018.A;(40(
(S07g(C;?,(40(A.4,(40(R5.2(%U1,9.;(G5:-J1(B,-D70:>(K1g(C88FgqqYYY>.U1,9.;U5:P
-,1>9;-q
\l`
(B*').):K#*'&.g(hN;2(b5.0701(0p87,4.8,7(95,14;(0-F0:,-;2(,(C,3/,7(40(F;/D8.9;2(V(
0-F702,7.;2i>
\lo
(K/(K2F098,4;7g(hK1(/,(758,(40(/;2(&,28,T;i>
\l]
(7.'.-(0!?.)#(g(h*,/-.95/8;702(40801.4;2(801D,1(51,(0-F702,(97.-.1,/g(E.29,/D,i>
\ll
(B*').):K#*'&.3!h&,19.//07(40(/,2('"&O(F;285/,4;(,(!528.9.,(V(*,:i>(#0(/0(C,(A.195/,4;(
,(/,(0287,80U.,(40(402,9704.8,7(,(/,(&;780(#5F70-,(40(!528.9.,O(9;1?518,-0180(9;1(0/(0p(
U;3071,4;7(40/(&,59,O(&C,5p(6;2b507,(V(9;1(0/(402-;A./.:,4;(V(,202.1,4;('18;1.;(
R=F0:O(,/.,2(h!;3i>(#5(F;285/,9.=1([50(,90F8,4,(01(`a\a>
\l\
\]k
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
&,F.8,/.:,9.=1(B57,/(70[;7-,4;(457,180(/,(U028.=1(40(&,7/;2(657P
U,2(01(/,(&,7807,(0('U7D95/857,O(V(/;2(97H4.8;2(,180(E%N'GBQ(V(0/(
I,19;('U7,7.;\l^O(,2D(9;-;(40(/0U,/.:,7(/,2(8.077,2(01(0/(%N&Q@KB(
V(01(/,2(;c9.1,2(40(1;8,7.,4;(V(70U.287;(01('18.;b5.,O('8/J18.9;(V(
I;/DA,7O(-04.,180(-W/8.F/02(V(A,7.,4,2(,78.-,T,2(01870(0//,2([7,5P
402O([,/204,4(40(4;95-018;2(e702;/59.;102O(0297.857,2(V(F;40702fO(
01U/;302(40(807701;2(F;7(,9902.;102(V(9;-F7,2(3,?;(,-01,:,2(V(
,( F072;1,2( [,//09.4,2O( ,/U51,2( 40( /,2( 8.F;/;UD,2( 0-F/0,4,2( F;7( /,(
h0-F702,(40(/0U,/.:,9.=1(40/(402F;?;i>(!528,-0180O(,/(W1.9;(9;1P
401,4;(40(/;2(A0.18.95,87;(0-F702,7.;2(-,40707;2O(F,/-.95/8;702(
V( U,1,407;2\lk( .1A028.U,4;2( 01( /;( b50( 20( C,( 9;1;9.4;( 9;-;( hK/(
F7.-07(9,FD85/;(40(/,(yF,7,09;1;-D,zi\l_O(0/(U070180(40(/,(0-F702,(
K/(*,/-,7(#>('>O(20(/0(9;-F7;3=(C,307(9;-F7,4;(8.077,2(,(51(;99.P
2;(b50(,5-018,7;1(4029;-51,/-0180(25(8,-,T;(F;7(0/([01=-01;(
40( /,( ,9902.=1O( cU57,( b50( C,3D,( 402,F,709.4;( 40/( ;7401,-.018;(
?57D4.9;(01(\jk\>
(K1(/,2(.1A028.U,9.;102(20(C,(-019.;1,4;(,(&,7/;2(@,1.0/(607/,1;(B;47DU50:O(,/.,2(
h@;98;7( 607/,1;i( 9;-;( 0/( ,3;U,4;( 019,7U,4;( 40( 70,/.:,7( /;2( 02854.;2( 40( 8D85/;2( V(
U028.;1,7(/;2(F7H28,-;2(;c9.,/02(F,7,(0/(F7;V098;>
\lk
(‚,8.,(*,87.9.,(#J19C0:(60?D,O(70F702018,180(/0U,/(40(/,(0-F702,("B'*'R6'u(G,P
37.0/(!,.-0(#.077,(6;701;O(U070180(V(70F702018,180(/0U,/(40(/,(0-F702,(*,/-,2(40(&57P
A,7,4=u(!,A.07(!;2H(@,:,(*7080/O(0p(70F702018,180(/0U,/(40("B'*'R6'u(#;7(K1.4(Q2F.P
1,(B014=1O(70F702018,180(/0U,/(V(,99.;1.28,(-,V;7.8,7.,(40(/,(0-F702,('GBQ*'R6'u(
&/,54.;('4;/[;(E70U1.(Q9C;,O(70F702018,180(/0U,/(40(/,(0-F702,(%1A072.;102(E70U1V(
Q9C;,u(%AJ1(*,8.T;(*,8.T;O(U070180(40(K/(*,/-,7O(V(B,W/('/3078;(*01,U;2(G;1:J/0:O(
70F702018,180(/0U,/(40(/,(0-F702,(#0/A,(<W-04,>($,-3.H1(20(,40/,18,1(.1A028.U,9.;102(
9;187,(B,W/('/3078;(*01,U;2(G;1:J/0:O('18;1.;(N0/(+WT.U,(&,3,//07;O(&/,54.;('4;/P
[;(G5.//07-;(Q9C;,(*.1;O(<H98;7(@5b50(K9C0A077VO(!5,1(!;2H(*,/,9.;2(*,/,9.;2O(!;7U0(
R5.2(#,18;(Q780U,>(@0187;(40(/;2(,20U57,4;2(20(01950187,1g(@,1./;(!;2H(*,9C09;(40(/,(
<;:O(!,A.07(6;7,/02(K287,4,O(6,7.;(R0=1(S.//,(*,9C09;O(&,7/;2(@,1.0/(607/,1;(B;47DP
U50:O(B0-3078;(6,150/(X/A,70:(S0780/O(6,7.;('/3078;(SH/0:(G.7,/4;O(!.5A,11.(#5029W1(
R=F0:O(R5.2('/3078;(E/=70:(*H70:O(!;2H(6.U50/(B5.:(&;22.;(V(6,150/(G70U;7.;(@01.2(
I/,14=1>(%U5,/-0180(028J1(A.195/,4;2(/;2(0p(F,7,-./.8,702(<07-02(!;2H(65T;:(G;1P
:J/0:(V(!02W2(%U1,9.;(B;/4J1(*H70:O(,/.,2(h6;1;/09C0iO(F;285/,4;(,(/,(R0V(jkl(40(`aal>(
K1g(K/(K2F098,4;7O(hK/(F7.-07(9,FD85/;(40(/,(yF,7,09;1;-D,ziO(V(40!P#*98(g(hK1870(/;2(
//,-,4;2(,(?5.9.;(C,V(F;/D8.9;2O(0-F702,7.;2(V(0p(F,7,-./.8,702i>
\l_
(K/(F7.-07(9,FD85/;(40(/,(yF,7,09;1;-D,z>(QF>(9.8>
\l^
\]_(
0%.3!1+)':
'4.9.;1,/-0180O(02(F709.2;(20T,/,7(b50(,40-J2(40(/,(,/.,1:,(01870(
-./.8,702(V(F,7,-./.8,702(01(/,(hQF07,9.=1(GH102.2iO(hK/(*7;[0i(1;(
2;/;(/;U7=(b50(/,(E507:,(*W3/.9,(37.14,7,(20U57.4,4(,/(-;1;95/8.P
A;(40(F,/-,(2.1;(b50(/,2(;F07,9.;102(40(/;2(.180U7,1802(40(/,(&,2,(
&,28,T;(F,2,7,1(402,F079.3.4;2(V(F54.07,1(-;A0720(9;1(F/01,(/.P
3078,4(01(/,(70U.=1(ehF,7,.128.859.;1,/.4,4i(-./.8,7f>
N4*b$*%-(-1&7$7*7-*-1(.%7-"*A*/$P$"*/.1*"-(:"1.1*.O,-%&7.1*
7-*$(,&P&7$7-1*&/-#$/-1*-*&/I(&,$1
K/(F7;V098;(F,/-.95/8;7O(,40-J2(40([,9./.8,7(0/(,F;407,-.018;(40(
/,2(8.077,2(V(8077.8;7.;2(ehI;8D1(40(G5077,if(V(25(/0U,/.:,9.=1O(07,(
[519.;1,/(,(/;2(c102(40(.1A078.7(/;2(709572;2(407.A,4;2(40(0p8;72.;P
102(V(U7,AJ-0102(,/(10U;9.;(40(/,2(47;U,2O(01870(;87,2([501802(40(
709572;2(40(/,(&,2,(&,28,T;(V(40(252(2;9.;2O(01(F,78.95/,7(40(/;2(
h#0T;702(40(/,2(@7;U,2i>('/(702F098;(,/.,2(h@;3/0(&07;i(01(01870P
A.28,(,(K/($.0-F;O(70/,8=(b50(/,(0pF;/.,9.=1(2,1U7.018,(V(9;775F8,(
01(/,(70U.=1(40("7,3J(20(C.:;(9;1(h4.107;(25F5028,-0180(F7028,4;(
F;7(018.4,402(40([;-018;(,U7;.145287.,/iO(/;(b50(C,9D,(F,780(40(
h51,(9,401,(40(/,A,4;(40(4.107;2(40/(1,79;87Jc9;O(402F/,:,-.018;(
[;7:,4;O(-50780(V(A.;/019.,i\lj>(
c4* ?/*"-0.O/$=&-%,.*0$"$*-9-"(-"*(.%,"./*1.(&$/*-%*/.1*,-""&U
,."&.1*/&O-"$7.1*7-*/$*#:-""&//$
*,7,(/,(F5028,(01(-,79C,(40/(-0U,F7;V098;(40(F,/-,(20(70F;3/=(
/,(70U.=1(9;1(F072;1,2(F7;A01.01802(40(;87,2(70U.;102(40/(F,D2O(,(
b5.0102(20(/,2(A.195/=(,(/,(;95F,9.=1(V(0pF/;8,9.=1(40(/;2(8077.8;P
7.;2(402F;?,4;2(,(/,2(9;-51.4,402(10U7,2O(U0107,14;(b50(,(25(70P
8;71;(20(019;187,7,1(9;1(807907;2(b50(,/0U,1(40709C;2(2;370(0//;2>(
R,(9;1d5019.,(40(/;2(,98;702(,1802(7020T,4,2(V(/,2(-,1.;37,2(0-P
F/0,4,2(4.07;1(/5U,7(,(b50(/,("1.4,4(40(@0709C;2(<5-,1;2(40(/,(
E.29,/D,(9;19/5V07,(b50(01(0/("7,3J(20(C,3D,(.128,57,4;(51,(h02F0P
9.0(40(?528.9.,(F7.A,4,(F,7,.128.859.;1,/iO(/,(b50(07,(0c9,:(F,7,(/;2(
F7;F=2.8;2(40(B0[514,7(0/(K28,4;(V(70A072,7(,A,1902(40(/,(&;128.P
859.=1(40(\jj\O(01(02F09.,/(/;2(70/,9.;1,4;2(9;1(0/(709;1;9.-.018;(
40(/;2(U75F;2(H81.9;2(V(40(252(40709C;2(9;/098.A;2(,/(8077.8;7.;O(0/(
(40!P#*98(g(hK1870A.28,(,(B;47.U;(;(y@;3/0(&07;zi>
\lj
\]j
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
,9902;(,(/,(F7;F.04,4(40(/,(8.077,(F;7(F,780(40(/;2(9,-F02.1;2(V(,(
25(704.287.359.=1(0b5.8,8.A,(F,7,(0A.8,7(/,(9;190187,9.=1(e70[;7-,(
,U7,7.,fO(V(/,(F7;8099.=1(V(9;1207A,9.=1(40(:;1,2(40(02F09.,/(70P
/0A,19.,(,-3.018,/(V(95/857,/(9;-;(0/("7,3J(e'78D95/;2(kO(_O(^o(V(
ll($(40(/,(&,78,(*;/D8.9,fO(80-,2(,(/;2(b50(20(C.:;(70[07019.,(01(0/(
9,FD85/;(20U514;>
S,7.;2(40(/;2(0/0-018;2(40/(-;40/;(40(402F;?;(01("7,3J([507;1(
70F/.9,4;2( F;7( 0/( F7;F.;( S.90180( &,28,T;( 01( ;87,2( 70U.;102( 40/(
F,D2O(F7.19.F,/-0180(01(/;2(40F,78,-018;2(40(/;2(//,1;2(Q7.018,/02O(
01870(0//;2(&,2,1,70O(9;-;(9;128,(01(/,(2018019.,(b50(9;1401=(,/(
0p(U;3071,4;7(40/(G5,A.,70>(
@0(.U5,/([;7-,O(3,?;(/,2(;740102(40(,/.,2(h),75-;i(20(.-F/,18=(
01(6,F.7.FJ1O(V(01(-51.9.F.;2(A09.1;2(40(/;2(40F,78,-018;2(40/(
608,(V(40/(G5,A.,70(/,(2.0-37,(40(F,/-,(01(95,87;(-./(40(/,2(4;90(
-./(C098J70,2(b50(9;-;(20(0pF702=(01(0/(9,FD85/;(8702(2;1(4.2F5P
8,4,2(F;7(A,7.;2(40(/;2(0p(9;-,14,1802(40(/;2(3/;b502(V([701802(
40(/,2('"&(01(/;2(R/,1;2(Q7.018,/02(V(-.0-37;2(40/(KB*'&\^a>(
"1(F;79018,?0(40(02,2(8.077,2(e3,/4D;2(;(9;-F7,4,2([;7:;2,-0180f(
[507;1(8.85/,4,2(,(/,(9;;F07,8.A,O(95V;(70F702018,180(20UW1(h@;1(
6,7.;i(C,9D,(F,780(h40(/,(1;-.1,(40/(I/;b50(&018,57;2i(V(02(,2.P
45;(A.2.8,180(40(h*.7,8,i\^\>(
'2.-.2-;O(0/(-;40/;(40(402F;?;(40(hK/(*7;[0i([50(70F/.9,4;(F;7(
;87;2( 0p( 9;-,14,1802O( 01870( 0//;2( h6,9,9;i( 40/( I/;b50( &0187,/(
I;/DA,7(01(#.-.8DO(257(40(I;/DA,7O(4;140(,(87,AH2(40(/,(&;;F07,8.A,(
*7;-;8;7,('U7,7.,(F,7,(/,(#528.859.=1(40(&5/8.A;2(%/D9.8;2(01(0/(#57(
40( I;/DA,7( e&Q*Q'GBQ#"BfO( U028.;1=( V( ;385A;( 709572;2( 1,P
9.;1,/02(V(40(/,(9;;F07,9.=1(40(K28,4;2("1.4;2(e\^\(-./(4=/,702f(
F,7,(/;2(95/8.A;2(40(F,/-,O(01(F704.;2(b50(,40-J2(40(207(709/,-,P
4;2(F;7(252(F702518;2(F7;F.08,7.;2O([507;1(01870U,4;2(F;7(0/(0p(
9;-,14,180(40/(I/;b50(&0187,/(I;/DA,7(,/(E;14;(40(B0F,7,9.=1(
(B*').):K#*'&.>9;-O(sZ5.H1(-.0180(01870(h@;1(6,7.;i(V(*.7,8,it(V(h@;1(6,7.;i(
4.90(b50(](-./(C098J70,2(40(F,/-,(028J1(01(F;407(40(hF,7,2i>
\^\
(B*').):K#*'&.Q-(9O(h@;1(6,7.;i(4.90wO(QF>(&.8>
\^a
\la(
0%.3!1+)':
40(SD98.-,2(40(/,(R0V(jkl(40(`aal\^`O(95V,(,4-.1.287,9.=1(/0([50(
019;-014,4,(,/(*7;U7,-,(40(@02,77;//;(V(*,:(F;7(0/(G;3.071;(
40(#,18;2>(
E.1,/-0180O( 1;( 2;37,( -019.;1,7( b50( F020( ,( b50( 0/( 402F;?;( 40(
!.U5,-.,14=( V( &57A,7,4=O( 02( 0/( 9,2;( 0-3/0-J8.9;( 40( /,( 0287,80P
U.,(97.-.1,/(40(402F/,:,-.018;(V(40-J2(A.;/,9.;102(40(40709C;2(
C5-,1;2(F,7,(402;95F,7(70U.;102(V(,F7;F.,720(40(8.077,2O(/,2(,9P
85,9.;102( 019,-.1,4,2( ,( 40A;/A07( /;2( 8077.8;7.;2( 9;/098.A;2( ,( /,2(
9;-51.4,402(,[7;4029014.01802(1;(20(C,1(407.A,4;(40/(F7;902;(40(
!528.9.,(V(*,:>(K1(0[098;O(/,2(F7.19.F,/02(409.2.;102(2;370(0280(402P
F;?;(C,1(0-,1,4;(40(/,("1.4,4(40(@0709C;2(<5-,1;2(40(/,(E.2P
9,/D,(V(40(/,(&;780(&;128.859.;1,/(01(20U5.-.018;(40(/,(#018019.,(
$(a`l(40(`aal(e'58;2(aal(40(`aajO(40/(\_(40(-,V;(V(o_](40(`a\aO(
01870(;87;2fO(V(40(/,(&;780(%1807,-07.9,1,(40(@0709C;2(<5-,1;2(
e&,2;(9;-51.4,402(40(!.U5,-.,14=(V(&57A,7,4=(S2>(&;/;-3.,(P(
604.4,2(*7;A.2.;1,/02f\^o>
%U5,/-0180O(/,(F0720959.=1(40(/;2(3.0102(40(S.90180(&,28,T;(V(40(
252( C070407;2( 1;( C,90( F,780( 40( /,2( ,985,9.;102( 40( /,2( .128,19.,2(
40(/,(R0V(jkl(40(`aal(n("1.4,4(V($7.351,/02(40(!528.9.,(V(*,:(40(
/,(E.29,/D,(V('99.=1(#;9.,/P(2.1;(40(/,("1.4,4(40(R,A,4;2(40('9P
8.A;2(V(40(Kp8.19.=1(40(@;-.1.;(40(/,(E.29,/D,(V(40(/,(&0187,/(40(
%1A072.;102( b50( ,25-.=( /,2( /,3;702( 40( /,( @.7099.=1( N,9.;1,/( 40(
K285F0[,9.01802O(2.85,9.=1(b50(C,90(-J2(.1A.,3/0(25(4028.1,9.=1(V(
,[098,9.=1(,(/,(70F,7,9.=1(40(252(AD98.-,2(eS07g(&#!O(`a\\PU(P(&;P
3;2($H//0:(V("307(K17.b50(I,1b50:(6,78D10:(V(`a\\P.(!;2H(%U1,P
9.;(B;/4,1(*H70:(P(0p8.19.=1(40(4;-.1.;f>(
(40!P#*98(g(hK-F702,(40(y6,9,9;z(20(y9;/=z(01870(3010c9.,7.,2(40(F/,8,(40/(*/,1(&;P
/;-3.,iO(V(K1870A.28,(9;1(51([519.;1,7.;(40(/,(*7;957,457D,(40(#,18,1407>
\^o
(S07g(B02;/59.;102(40/(^(40(-,7:;(40(`aa]O(\k(40(1;A.0-370(40(`aa]O(k(V(\l(40(-,7P
:;(40(`aalO(l(40([03707;(40(`aa_O(\k(40(1;A.0-370(40(`aajO(o(40(-,V;(V(oa(40(,U;28;(
40(`a\aO(k(40(?51.;(V(`l(40(1;A.0-370(40(`aa\(V(`k(40([03707;(40(`a\`O(01870(;87,2>
\^`
\l\
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
NKLKLK*<".A-(,.1*<".7:(,&P.1*0."*/$*<$'*h/-#$/&'$(&)%*7-/*
7-10.9.i
R,( F5028,( 01( -,79C,( 40( /;2( *7;V098;2( *7;4598.A;2( F,7,( /,( *,:(
e***f\^]O(.40,4;2(F;7(#,/A,8;70(6,1952;(0(.-F5/2,4;2(F;7(R5.2(&,7P
/;2(B02870F;O(0p('/8;(&;-.2.;1,4;(F,7,(/,(*,:\^l(01(/,(,4-.1.287,9.=1(
40("7.30(SH/0:(e6,1952;O(`a\\fO(2.(3.01(20(.19/5V=(01(/;2(409708;2(
70U/,-018,7.;2(40(/,(R0V(jkl(40(`aal(9;-;(51,(-;4,/.4,4(40(70F,P
7,9.=1(,(/,2(AD98.-,2O(25(;3?08.A;(F7.19.F,/(9;12.28D,(01(U0107,7(,/807P
1,8.A,2(09;1=-.9,2(F,7,(/,(70.12079.=1(40(/;2(402-;A./.:,4;2(40(/,2(
028759857,2(F,7,-./.8,702O(/;(b50(,40-J2(F07-.8D,(9;187;/,7(/;2(8077.P
8;7.;2(7095F07,4;2(40(/,2(U5077.//,2(e6,1952;O(`a\\f>
K1(`aakO(/,(Qc9.1,(40/('/8;(&;-.2.;1,4;(F,7,(/,(*,:(C.:;(01870U,(
,(/,('/8,(&;120?07D,(F,7,(/,(B0.180U7,9.=1(#;9.,/(V(K9;1=-.9,(40(/,2(
*072;1,2(V(G75F;2('/:,4;2(01('7-,2(40(/,(.1[;7-,9.=1(70/,9.;1,4,(
9;1( 870.18,( V( 9.19;( ***( b50( 028,3,1( 01( 0?0959.=1O( 4.287.35.4;2( ,2Dg(
4.0:(V(20.2(01('18.;b5.,O(;9C;(01(&=74;3,O(8702(01(&,2,1,70O(8702(01(
#,18,1407O(4;2(01(#5970(V(51;(01(9,4,(51;(40(/;2(2.U5.01802(40F,7P
8,-018;2g( N;780( 40( #,18,1407O( &,/4,2( V( &514.1,-,79,>( *;7( 9,52,2(
9;-;(/,(01870U,(40(9,F.8,/(20-.//,(2.1(b50(20(.1.9.,7,1(/;2(F7;V098;2(V(
25(.1A.,3./.4,4(8H91.9,(V(c1,19.07,(eh.40,2(F7;V098;ifO(/,([,/8,(40(9/,P
7.4,4(2;370(/;2(4028.1,8,7.;2(40(/;2(F7;V098;2O(/;2(;F07,4;702(eh;F0P
7,4;702(40(F,F0/if(V(/;2(hF7;F.08,7.;2i(40(/,2(8.077,2(e8028,[077,8;fO(/,(
'/8,(&;120?07D,(;7401=(252F01407(0/(,F;V;(,(/;2(***O(,(c1,/02(40(020(
,T;\^^>(
'( 9;18.15,9.=1( 20( 40297.301( /;2( ***( .-F5/2,4;2( F;7( /;2( 0p( 9;P
-,14,1802(40(#,/A,8;70(6,1952;(V(,/.,2(hK/('/0-J1iO(/;2(b50(9;18.0P
101(/,2(2.U5.01802(9,7,9807D28.9,2(9;-5102(,/(-.97;P-;40/;(40(E.40/((
\^](R;2(***([507;1(F702018,4;2(F;7(0/('/8;(&;-.2.;1,4;(,/(&;120?;(40(6.1.287;2O(01(
;985370(40(`aal(V(20(.1.9.,7;1(,(F,78.7(40(4.9.0-370(40(020(,T;>
\^l
(R,(Q'&*O(0/(*BS&(V(0/(@0F,78,-018;('4-.1.287,8.A;(40(/,(*702.4019.,(25297.3.07;1(
0/(&;1A01.;(N;>(a\jO(40(-,V;(`k(40(`aalO(F,7,(01870U,7(,(9,4,(402-;A./.:,4;(9;-;(
h9,F.8,/(20-.//,iO(/,(25-,(40(4;2(,(4;2(-.//;102(V(-04.;(40(F02;2>
\^^(
S07g(#,/.1,2O(`aa^(V(`aa_>
\l`(
0%.3!1+)':
&,28,T;(-0?;7,4;(F;7(25(C07-,1;(S.90180\^kg(.f(4.2F;107(40(0p8012,2(
25F07c9.02(01(/,2(:;1,2(h/.307,4,2i(F;7(/,2(028759857,2(40(&,2,(&,2P
8,T;(V(252(,/.,4;2u(..f(A.195/,7(0-F702,7.;2(,/(c1,19.,-.018;(V(4;8,P
9.=1(40(8.077,2(e,/U51;2(40(0//;2(.4018.c9,4;2(9;-;(8028,[077;2fu(...f(
,990407(,(/,(.128.859.;1,/.4,4(FW3/.9,(F,7,(/,(;38019.=1(40(97H4.8;2O(
.19018.A;2(V(;87;2(3010c9.;2(V(709572;2(028,8,/02(P(E;14;(40(*,:(e9,P
F.8,/(20-.//,\^_f(V(018.4,402(9;-;(0/(I,19;('U7,7.;O(E.1,U7;O(0/(#07A.P
9.;(N,9.;1,/(40('F7014.:,?0(V(0/(%19;407O(01870(;87,2(018.4,402PO(.Af(
U028.;1,7(V(;380107(709572;2(40(/,(9;;F07,9.=1(.18071,9.;1,/O(0(Af(.1P
A;/597,7O(,(87,AH2(40(,2;9.,9.;102(2.1(J1.-;(40(/597;O(/,(F,78.9.F,9.=1(
40(402-;A./.:,4;2([70950180-0180([;7J10;2(40(/,2(70U.;102(01(b50(20(
402,77;//,3,1(e70F;3/,-.018;f>(
NKLKLKJK*<<<*7-*B$/P$,."-*2$%(:1.
K1(0/(/,1:,-.018;(40(/;2(*7;V098;2(*7;4598.A;2(F,7,(/,(*,:(01(&=7P
4;3,O( ,58;7.4,402( U53071,-018,/02O( 0p( 9;-,14,1802( V( 0-F702,7.;2(
20(9;-F7;-08.07;1(01(U,7,18.:,7(hvwx(51(F7;902;(0p.8;2;(40(70.1P
9;7F;7,9.=1(,(/,(A.4,(9.A./i(40(`>]_a(.180U7,1802(40/(I/;b50(&=74;3,(
V(40(\>_l\(40/(I/;b50(<H7;02(40($;/;AJ(eQ'&*O(`aalf>(#.1(0-3,7U;O(
6,1952;(,c7-,(b50(20(87,8=(40(51,(0287,80U.,(.40,4,(V(/.407,4,(F;7(
H/(9;1(0/(;3?08.A;(40(077,4.9,7(/;2(95/8.A;2(40(52;(./D9.8;(V(9;1(0//;(/,2(
[501802(40(c1,19.,-.018;(40(/,2(U5077.//,2>(
R;2( F704.;2( F,7,( /,( F5028,( 01( -,79C,( 40( /;2( F7;V098;2( U,1,40P
7D,( .18012.A,( V( 2.0-37,( 40( ,9,9.,( e`>aaa( C,2f( V( 9,9,;O( 01( /;2( -51.P
9.F.;2( 40( $.077,/8,( V( S,/019.,O( 9;187;/,4;2( F;7( /,2( '"&( [507;1((
(K18.4,402(9;-;(/,(*7;957,457D,(,4A.78.07;1(b50(/;2(***(F;4D,1(9;1459.7(,(/,(/0U,/.P
:,9.=1(V(/0U.8.-,9.=1(40/(402F;?;(V(,(C,907(-J2(9;-F/0?,(/,(7028.859.=1(40(/,2(8.077,2(V(/,(
70F,7,9.=1(40(/,2(AD98.-,2(e#,/.1,2O(`aa^f>(%U5,/-0180(20(20T,/=(b50(20(87,8,3,(40(.1.9.,P
8.A,2(40(h,58;(70F,7,9.=1i(e#J19C0:O(`aa^f(V(40(709;19./.,9.=1([;7:,4,(e#,/.1,2O(`aa_f>(
\^_
('(9,4,(402-;A./.:,4;(b50(F,78.9.F=(01(028;2(F7;V098;2(20(/0(01870U,7;1(01870(4;2(V(
4;2(V(-04.;(40(-.//;102(40(F02;2(9;-;(9,F.8,/(20-.//,>
\^k
\lo
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
01870U,4;2(5(;[709.4;2(F;7(',7,1('22.,2(#;/07\^jO(8028,[077;(40(6,1P
952;O( V( ;87;2( 0-F702,7.;2( 40( 020( 40F,78,-018;O( 01870( 0//;2( *047;(
GC.2,V2(V(R0;F;/4;('1,V,($;7702(e,10p;(j>(I.0102(***(V(#,/A,8;70(
6,1952;f>('(/,(F,7O(20(9;1[;7-,7;1(A,7.,2(,2;9.,9.;102(40(402-;A./.P
:,4;2O(01870(0//,2(/,('2;9.,9.=1(#5370U.;1,/(40(*7;4598;702(40(&,9,;O(
40(/,(95,/(C,9.,(F,780(/,(Qc9.1,(40/('/8;(&;-.2.;1,4;>(
&;-;(20(20T,/=(01(0/(9,FD85/;(,1807.;7(/;2(F704.;2(01(/;2(b50(20(
F52.07;1( 01( -,79C,( /;2( F7;V098;2( F7;4598.A;2( 40( 9,9,;O( [;7028,/02O(
9,59C;( V( U,1,407D,( [507;1( F;2807.;7-0180( ;[709.4;2( F;7( 6,1952;(
F,7,(/,(70F,7,9.=1(40(252(AD98.-,2O(/;(b50(/0(.-F/.9=(01870(;87,2(2.85,P
9.;102(709;1;907(/,(0p.28019.,(40(8028,[077;2(V(402C,907(/;2(,98;2(9;1(
/;2(95,/02(.18018=(;95/8,7(25(F7;F.04,4(2;370(/;2(807701;2>('40-J2O(20(
0A.4019.=(b50(P,F,70180-0180(3,?;(0/(;3?08.A;(40(?528.c9,7(/,(01870U,(
40(709572;2(40/(07,7.;(FW3/.9;2(e9,F.8,/(20-.//,(V(9078.c9,4;(40(.19018.P
A;([;7028,/O(01870(;87;2fPO(20(25297.3.07;1(9;187,8;2(40(,77014,-.018;(
40(/,7U;(F/,:;(01870(/;2(F702518;2(F7;F.08,7.;2(V(/,2(,2;9.,9.;102(40(
402-;A./.:,4;2O(9,52,(F;7(/,(95,/(1;(C,1(.1U702,4;(,/(E;14;(40(B0P
F,7,9.=1(40(SD98.-,2>(
6J2( ,//J( 40( /,( .12.28019.,( 40( 6,1952;( F,7,( b50( /0( 20,1( 709.3.4;2(
028;2(3.0102(,(/,(b50(20(C.:;(,/52.=1(01(0/(9,FD85/;(,1807.;7O(0p.2801(,2P
F098;2(2.1(,9/,7,7O(0/(F7.19.F,/(40(0//;2(70/,9.;1,4;(9;1(0/(;7.U01(40(/;2(
F704.;2(V(/,([;7-,(9;-;(20(,4b5.7.07;1(01(51,(:;1,(40(4;-.1.;(F,7,P
-./.8,7(VO(F;7(0140O(/,(A.195/,9.=1(40(028;2(F7;V098;2(,(/,(/0U,/.:,9.=1(
40/(,802;7,-.018;(40(8.077,2(-04.,4,2(F;7(0/(,F;V;(40(018.4,402(40/(
K28,4;(V(01(/,(b50(20(.U1;7,1(/;2(40709C;2(40(/;2(8.85/,702(/0UD8.-;2>(
NKLKLKLK*<<<*7-*`?/*8/-=G%a
K/(2.U5.0180(9,2;O(F07-.80(-;287,7(/;2(,/9,1902(40(/,2(,/.,1:,2(01870(
/,2( 028759857,2( 40( /,( &,2,( &,28,T;( V( 2098;702( F;/D8.9;2( ehF,7,F;/D8.P
(K1(/;2(***(01(/,2(c19,2(S.//,(N50A,O(R,(G5,.7,(V(*7;A.4019.,(01(`aa^O(cU57,3,1(
9;-;(F7;F.08,7.;2('1,V,($;7702(V('22.,2(#;/07O(b5.0102(01(51(4;95-018;(c7-,4;(0/(
o(40([03707;(40/(`aa^O(-,1.[028,7;1(25(.18019.=1(40(87,12[07.7(252(F7;F.04,402(9;1(0/(
F7;F=2.8;(40(b50(20(//0A,7,1(,(9,3;(/;2(F7;V098;2(F7;4598.A;2(e6,1952;O(`a\\(V(S07P
4,4'3.078,O(K/(*J?,7;(V(/;2(F7.-07;2(4D,2(40/(U75F;(40(6,1952;>
\^j
\l](
0%.3!1+)':
9,ifO(,2D(9;-;(/,(.1c/87,9.=1(01(018.4,402(FW3/.9,2(ehF,7,.128.859.;P
1,/.4,4if(9;1(c102(40(;380107(709572;2(1,9.;1,/02(0(.18071,9.;1,/02(
F,7,(/,(.-F/0-018,9.=1(40(.1.9.,8.A,2(09;1=-.9,2(.-F5/2,4,2(F;7(/DP
40702(F,7,-./.8,702(01953.078,2(3,?;(F7;F=2.8;2(2;9.,/02(01(807701;2(
b50(9;-;(0[098;2(40/(,99.;1,7(-./.8,7([507;1(;3?08;(40(,3,14;1;(V(
A018,2([;7:,4,2\ka>
&;-;(20(.14.9=(01(0/(F7.-07(9,FD85/;O(B014=1(<07707,(C,(?528.c9,P
4;(/,(0p.28019.,(40/(IK&(9;-;(h51(-;A.-.018;(2;9.,/(V(F;/D8.9;(40(
9,7J9807(70U.;1,/i(eB014=1O(`aakfO(4;8,4;(40(51(-,79;(.40;/=U.9;(V(
3,1407,O(01870(95V;2(;3?08.A;2(20(019;187,3,(/,(.-F/0-018,9.=1(40/(
h*7;V098;(40('/8071,8.A.4,4(#;9.,/iO(F;7(F,780(40(/;2(401;-.1,4;2(
h*7;-;8;702(40(@02,77;//;(#;9.,/iO(-.0-37;2(40/(3/;b50(018701,4;2(
01(F7J98.9,2(40(9;;F07,8.A.2-;O(0/,3;7,9.=1(V(U028.=1(40(F7;V098;2O(
,9079,-.018;2( 9;1( 9;-51.4,402( V( /D40702( F;/D8.9;2( V( 9;-51,/02O( 0(
.19.4019.,(01(F7;902;2(2;9.,/02(V(0/098;7,/02(F,7,(,/9,/4D,2(V(9;190?;2(
0(.128,19.,2(1,9.;1,/02>(K2(,2D(9;-;(,/.,2(hK/('/0-J1i(V(252(C;-P
3702( .1d5V07;1( 01( /;2( F7;902;2( 0/098;7,/02( e&;1U702;\k\O( ,/9,/4D,2O(
,2,-3/0,2(V(9;190?;2(-51.9.F,/02f(01(,/.,1:,(9;1(0/(6;A.-.018;(hR,(
N50A,(E;7-,(40(C,907(F;/D8.9,iO(,4297.8;(,/(*,78.4;(&,-3.;(B,4.9,/O(
9;1(/,(c1,/.4,4(40(F;2.9.;1,7(25(F7;F.;(-;A.-.018;(h*;7(51,("7,3J(
G7,140O( "1.4,( V( 01( *,:i( e&#!O( `a\aPC( <5-3078;( 40( !02W2( I5./02(
&;770,f>
604.,180(0/(h*7;V098;(40('/8071,8.A.4,4(#;9.,/i(V(3,?;(0/(/0-,(hv4x0(
?;71,/07;2(A5/107,3/02(,(0-F702,7.;2(2;2801.3/02i(20(.-F5/2,7;1(F7;P
V098;2(F7;4598.A;2(40(9,59C;O(F,/-,O(F/J8,1;O([;7028,/02(V(U,1,407D,O(
(R,(40297.F9.=1(40(0280(9,2;(02(70,/.:,4,(9;1(3,20(01(/,(2018019.,(40(/,(&#!(`a\aP~(P(
B,-=1('18;1.;(S,/019.,(@5b50(V(S074,4'3.078,g(hR,(80/,7,T,(40(/;2(F,7,2(01("7,3Ji>
\k\
(K1(0/(#01,4;O(@,7D;(Z5.1807;(S.//,4,O(0-F702,7.;O(700-F/,:,4;(F;7(<5-3078;(40(
!02W2(I5./02(&;770,O(V(01(/,(&J-,7,O(@,7D;(XA./,(*07,/8,O(b5.01(20(4020-F0T=(9;-;(
209708,7.;(F7.A,4;(40(X/A,7;("7.30(SH/0:O(95,14;([50(U;3071,4;7(40('18.;b5.,(e\jjln
\jjkf>($,-3.H1([50(3010c9.,7.;(40/(,F;V;(0/098;7,/(40(,/.,2(hK/('/0-J1iO(B,-=1('1P
8;1.;( S,/019.,( @5b50O( ,202;7( 40( '#Q&Q6•NO( ,2;9.,9.=1( /.407,4,( F;7( !;C1( !,.7;(
B014=1O(C07-,1;(40/(9;-,14,180(40/(IK&>
\ka
\ll
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
01(/;2(b50(F,78.9.F,7;1(402-;A./.:,4;2(V(U,1,407;2(V(;87;2(,U01802(
09;1=-.9;2(40(/,(70U.=1(40/("7,3J\k`>(
K1(028,(/D10,O(01(0/(,T;(`aa`O(20(970=(/,('2;9.,9.=1(&;-51.8,7.,(40(
"7,3J(V(&=74;3,(e'#Q&Q6•Nf\koO(/.407,4,(F;7(0/(C07-,1;(40(hK/(
'/0-J1iO( !;C1( !,.7;( B014=1( <07707,O( ,/.,2( hG07-J1( 6;12,/A0i( ;(
h@;1(G07-J1iO(0p87,4.8,4;(,(K28,4;2("1.4;2(F;7(252(AD195/;2(9;1(
0/(.1U702;(40(47;U,2(./D9.8,2(,(020(F,D2>(K28,(,2;9.,9.=1(,(/,(b50(/,(&;780(
#5F70-,(40(!528.9.,(401;-.1=(0/(h.12875-018;(/.407,4;(F;7(yG07-J1(
6;12,/A0z(,/(207A.9.;(40/(I/;b50(r/-07(&J7401,2i(e@K#)*9fO(F702018=(
,(/,('/8,(&;120?07D,(*702.4019.,/(F,7,(0/(*/,1(&;/;-3.,(0/(F7;V098;(
h$5/,F,2(<;7.:;180(40(K2F07,1:,iO(0/(b50(U7,9.,2(,(/,2(U028.;102(40/(
0p( 9;1U702.28,O( B,-=1( '18;1.;( S,/019.,O( 40/( -;A.-.018;( Kb5.F;(
&;/;-3.,O( 9;1401,4;( F;7( 8.'.8(0C&#-.O( [50( 7090F8;7( 40( 709572;2( 40/(
*7;U7,-,(40(E,-./.,2(40(G5,74,3;2b502(F,7,(077,4.9,7(95/8.A;2(40(
52;(./D9.8;(01(/;2(-51.9.F.;2(40($573;(V(N09;9/D\k]O(01(/,(HF;9,(b50(
S.98;7.,( K5U01.,( B02870F;O( /;( 4.7.UD,( e&#!O( `a\aP~( B,-=1( '18;1.;(
S,/019.,(@5b50f>('/(702F098;O(S0/;:,(G,79D,(,c7-,(b50(0/(,F;V;(U5P
3071,-018,/(,(/;2(F7;V098;2(40(hK/('/0-J1i(20(403.=(,(252(AD195/;2(
F072;1,/02( 9;1( [519.;1,7.,2( 40/( *7;U7,-,( E,-./.,2( 40( G5,74,3;2P
b502(eS0/;:,O(`a\\f\kl>
(S07g(I/;b50(r/-07(&J7401,2PIK&(40('58;40[012,2(&,-F02.1,2(e`aa]f>(6;40/;(40(
10U;9.,9.=1(90187,4;(01(51(*7;V098;(40('/8071,8.A.4,4(#;9.,/(e*'#Qf>(*7;F5028,(,/(
G;3.071;(N,9.;1,/O(1;A.0-370(40(`aa]O(V('99.=1(#;9.,/g(hG5,74,3;2b502(40("7,3Jg(
40(?;71,/07;2(A5/107,3/02(,(0-F702,7.;2(2;2801.3/02i>
\ko
('#Q&Q6•N([50(7090F8;7,(40(4.28.19.;102(.18071,9.;1,/02(eh%11;A,9.=1(#;9.,/iO(
F,87;9.1,4,(F;7(/,(&;-.2.=1(K9;1=-.9,(F,7,('-H7.9,(R,8.1,(V(0/(&,7.30PE514,9.=1(
L>(‚>(‚0//;UUfO(V(1,9.;1,/02(ehQ7401(40(/,(@0-;97,9.,(#.-=1(I;/DA,7iO(b50(;8;7U,(/,(
&J-,7,(40(B0F702018,1802f>(
\k]
('(87,AH2(40(51,(51.=1(40(/,(b50(C.9.07;1(F,780(,40-J2(40('#Q&Q6•NO(/,("1.A07P
2.4,4(40(6,1.:,/02(V(/,(0-F702,(K287,80U.,2(V(@02,77;//;(01(95V,2(.128,/,9.;102(801D,(
25(;c9.1,(S,/019.,(@5b50>
\kl
(S.98;7.,(K5U01.,(B02870F;(C,(2.4;(.1A028.U,4,(F;7(252(70/,9.;102(9;1(!5,1(E0/.F0(
#.077,(V(G5.//07-;(S,/019.,(&;22.;O(0p(4.7098;7(40(E.29,/D,2(40(6040//D1O(9;1401,4;(
F;7( AD195/;2( 9;1( F,7,-./.8,702O( 01870( 0//;2( @,1.0/( B014=1O( ,/.,2( h@;1( 6,7.;iO( ;87;(
C07-,1;(40(hK/('/0-J1i>
\k`
\l^(
0%.3!1+)':
'#Q&Q6•N(8,-3.H1([50(3010c9.,7.,(40(,F;V;2(40/(%N&Q@KBO(
'99.=1(#;9.,/(e'99.=1(#;9.,/O(`aakfO(40/(6.1.2807.;(40('U7.95/857,O(/,(
9;7F;7,9.=1(,-3.018,/O(&QB*Q"B'IXO(/,(G;3071,9.=1(40('18.;P
b5.,(V(40(018.4,402(-51.9.F,/02>('40-J2O(/,(,2;9.,9.=1(40(,/.,2(h@;1(
G07-J1i( 028,3/09.=( ,/.,1:,2( 9;1( 0-F702,2( .128,/,4,2( 01( /,( 70U.=1O(
01870(0//,2(65/8.[75.82O(F7;A004;7,(40(F/J8,1;(,(/,(-5/8.1,9.;1,/(@0/(
6;180O(,(87,AH2(40(25(c/.,/(&>(%>(&QN#KBI'(#>('>(e&QB*Q"B'IXO(
`aa^f>
6"R$%EB"%$#O(0-F702,(b50([50(4.7.U.4,(F;7(!5,1(6,150/(&,-F;O(
9;1U702.28,(902,70120(F;7(0/(*,78.4;(&;1207A,4;7\k^O(028J(70/,9.;1,4,(
9;1(F7J98.9,2(.770U5/,702(01(-,807.,(40(8.077,2(01(8;71;(,/(F704.;(40(25(
F7;F.04,4(K/('87,A02,;O(2;370(0/(b50(20(C,1(0A.4019.,4;(A,7.,2(,1;P
-,/D,2(eA018,(40187;(40(/;2(4;2(,T;2(2.U5.01802(,(25(8.85/,9.=1(9;-;(
3,/4D;O(9;-F7,(F;7(r/-07(&J7401,2(51(-02(402F5H2(40(25(-50780(V(
,4b5.2.9.=1(F;7(51;(40(/;2(2;9.;2(40(6"R$%EB"%$#(,1802(40(b50(
/;( 9;-F7,7,( /,( 0-F702,fO( ,2D( 9;-;( F;7( /,( ,/.,1:,( 9;1( 0/( 4028.85.4;(
70F702018,180(40/(&;120?;(&;-51.8,7.;(40(/,2(&;-51.4,402(N0U7,2(
40/(&,9,7.9,O(F,7,(4028.1,7(-J2(40(A0.180(-./(C098J70,2(,(/,(2.0-37,(40(
F/J8,1;O(/,(b50([50(,3;78,4,(F;7(0/(6.1.2807.;(40/(%1807.;7O(7,:=1(F;7(
/,(b50(@0/(6;180(9,190/=(0/(9;187,8;(9;1(6"R$%EB"%$#>(
K/(/.b5.4,4;7(40(6"R$%EB"%$#O(R5.2('/[;12;(!,7,-.//;(65T;:O(
[50(,202;7(40(/,(%1953,4;7,(K-F702,7.,/(40(*7;4599.=1(V(&;-079.,/.P
:,9.=1('U7;F095,7.,O(%N&"'GBQO(0-F702,(970,4,(F;7(0/(F7;U7,-,(
*702.4019.,/(&;187,(&5/8.A;2(%/D9.8;2(b50(709.3.=(709572;2(40/(I,19;(
%1807,-07.9,1;( 40( @02,77;//;( eI%@f( V( 40( /,( Qc9.1,( 40( /,2( N,9.;P
102("1.4,2(9;187,(/,(@7;U,(V(0/(@0/.8;(e"NQ@&f>(%N&"'GBQ([50(
2;9.;(-,V;7.8,7.;(40(20.2(0-F702,2(970,4,2(01(`aal(e95,87;(40(70[;P
7028,9.=1O(01870(0//,2(K/(%14.;(V(R,(G.7;14,(V(4;2(40(9,59C;O(*BQP
&'"&<Q(V(&,59C;(#,1(*047;f>(R,2(95,87;(0-F702,2(-019.;1,4,2(
20( 3010c9.,7;1( 40( /,( 9;;F07,9.=1( 40( /,( 'U019.,( F,7,( 0/( @02,77;//;(
%18071,9.;1,/(e"#'%@f(01(0/(-,79;(40(/;2(F7;U7,-,2(40(2528.859.=1(
40(95/8.A;2(40(9;9,>(
(S07g(&&'!'Bg(h"1(,/8;(4.7.U0180(40("7.30(3010c9.,4;(40(/;2(F,7,-./.8,702i>
\k^
\lk
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
R,2(9.8,4,2(9;-F,TD,2(40(9,59C;([507;1(4028.1,8,7.,2(40(709572;2(
40/(E;14;(G,1,407;(40(&=74;3,(01(/,(HF;9,(01(b50(/;(F702.4D,(I0P
1.8;(Q2;7.;(S.//,4.0U;\kkO(b5.01(F;2807.;7-0180([50(019,7U,4;(40(/,(
G;3071,9.=1(40(&=74;3,(V(4028.85.4;(,(/;2(\k(4D,2(F;7(252(AD195/;2(
9;1(/;2(F,7,-./.8,702\k_>('985,/-0180(02(.1A028.U,4;(F;7(/,(9;-F7,(40(
95,87;(c19,2(,(51;(40(/;2(8028,[077;2(40(6,1952;O(0/(9.8,4;(U,1,407;(
',7,-('2D,2(#;/,7O(V(F;7(/,(,/.,1:,(9;1(#;7($0702,(G=-0:(X/A,70:\kjO(
01(/,(,F7;F.,9.=1([7,545/018,(V(A.;/018,(40(-J2(40(-./(C098J70,2(40(
8.077,2(01("7,3JO(,(87,AH2(40(E51F,:9;7O(,2;9.,9.=1(b50(,F,70180-01P
80(,98W;(9;-;(51,(h0-F702,(40([,9C,4,i(F,7,(,4b5.7.7(8.077,2(V(/,A,7(
,98.A;2>(@0187;(40(/;2(F704.;2(,4b5.7.4;2(20(01950187,1(/,2(-J2(40(
b5.1.018,2(C098J70,2(904.4,2(,(*BQ&'"&<Q("B'IX(V(&,59C;(#,1(
*047;(01(0/(-51.9.F.;(40($573;>
K1(9;19/52.=1O(0/(F7020180(9,2;(70d0?,(9=-;(,(87,AH2(40(.1.9.,8.A,2(
F7;4598.A,2(,52F.9.,4,2(V(,F;V,4,2(F;7(207A.4;702(FW3/.9;2(V(01(/,2(
b50(20(9;18=(9;1(709572;2(FW3/.9;2(V(40(/,(9;;F07,9.=1(.18071,9.;1,/(
20(.18018=(3;77,7(/,2(C50//,2(40(/,(,F7;F.,9.=1(V(;95F,9.=1(40(8.077,2(
,4b5.7.4,2(9;-;(0[098;2(40(,-01,:,2O(,202.1,8;2O(402F/,:,-.018;2(V(
;87,2(U7,A02(A.;/,9.;102(40(40709C;2(C5-,1;2O(01(0/(-,79;(40(51,(
40! 4%8*-&.)('g( h#0( 01870U=( 0/( 02/,3=1( F074.4;( V( #5F07.18014019.,( 40( N;8,7.,4;( V(
B0U.287;(408098,(.770U5/,7.4,402(01(9;-F7,A018,(40(8.077,2(01("7,3Ji>(K1870(/;2([514;2(
,4b5.7.4;2(F;7(0/(E;14;O(,40-J2(40(/;2(9.8,4;2(,1802O(20(01950187,1g(K1(N09;9/Dg(I7.2,2(
40(/,(%2/.8,O(K/(@029,12;O(G7,9.,2(,(@.;2O(R,2(@0/.9.,2O(R;2(B095074;2(40(K//,O(R,(G/;P
7.,O(&;-F,TD,O(K/(&,T=1(`O(R,2(E/;702O(E/;7.2,18;O(#.(20(6.7,O(6.(@.9C,O(K/(*;7A01.7O(
#,1(G,37.0/O(R,(E/;7028,O(K/(K1U,T;O(V(01($573;g(#,1(E7,19.29;O(*0;7(02(N,4,O(*.H12,/;(
I.01O(6.7,2;/O(R,(K2-07,/4,(V(R,("1.=1>(*;7(0/(402F;?;(20(.1.9.,7;1(.1A028.U,9.;102(
9;187,(\`(1;8,7.;2(40(/,(70U.=1(40("7,3J>
\k_
(40!P#*98(g(hE.29,/D,(;7401,(-J2(9,F857,2(F;7(10p;2(40(0-F702,7.;2(9;1(F,7,-./.8,P
702i>
\kj
(G=-0:(X/A,70:(,985=(9;-;(,F;407,4,(01(/,2(,4b5.2.9.;102(40/(E;14;(G,1,407;(40(
&=74;3,(40(/;2(F704.;2(K/(&,-F,-018;O(K/(6,78.7.;O(R,(+5/.,O(K/(E,7;(V(R,(K2F07,1:,O(
/;9,/.:,4;2(01(N09;9/DO(V(40(R,("1.=1O('2D(02(/,(S.4,O(01($573;>(Q87;2([514;2(,4b5.P
7.4;2(F;7(0/(E;14;(2;1g(K1(N09;9/Dg(I7.2,2(40(/,(%2/.8,O(K/(@029,12;O(G7,9.,2(,(@.;2O(
R,2(@0/.9.,2O(R;2(B095074;2(40(K//,O(R,(G/;7.,O(&;-F,TD,O(K/(&,T=1(`O(R,2(E/;702O(
E/;7.2,18;O(#.(20(6.7,O(6.(@.9C,O(K/(*;7A01.7O(#,1(G,37.0/O(R,(E/;7028,O(K/(K1U,T;O(V(01(
$573;g(#,1(E7,19.29;O(*0;7(02(N,4,O(*.H12,/;(I.01O(6.7,2;/O(R,(K2-07,/4,(V(R,("1.=1>(
*;7(0/(402F;?;(20(.1.9.,7;1(.1A028.U,9.;102(9;187,(\`(1;8,7.;2(40(/,(70U.=1(40("7,3J>
\kk(
\l_(
0%.3!1+)':
0287,80U.,(40(/0U,/.:,9.=1(40/(402F;?;O(01(/,(b50(?50U,1(51(F,F0/(F7;P
8,U=1.9;(,U01802(F7.A,4;2>
NKLKMK*R-10.9.*-%*0".(-1.1*7-*5:1,&(&$*A*<$'
'/( .U5,/( b50( 01( /;2( F7;V098;2( 40( /;2( C07-,1;2( B014=1( <07707,O(
/;2( 2.U5.01802( 9,2;2( b50( 9;7702F;1401( ,( /;2( -J2( ,A,1:,4;2( 01( /,2(
.1A028.U,9.;102( 40( /,( E.29,/D,( V( 01( /,2( ,985,9.;102( 40( /,2( .128,19.,2(
?54.9.,/02\_aO(40-50287,1(0/(52;(40(/,(-,b5.1,7.,(028,8,/(F,7,(/0U,/.:,7(
/,2(8.077,2(,4b5.7.4,2(01(/,2(:;1,2(4;140(20(C,3D,1(F07F087,4;(U7,P
A02( 97D-0102O( 01( 3010c9.;( 4.7098;( 40( -.0-37;2( 40( /,2( 028759857,2(
20/099.;1,4,2>(K1(0/(F7.-07;(20(0A.4019.,(,40-J2(/,(/=U.9,(40(/,(h70P
95F07,9.=1i(40(F704.;2(b50(C,3D,1(2.4;(01870U,4;2(F;7(0/(K28,4;(,(
/,37.0U;2(20T,/,4;2(40(207(h3,202(2;9.,/02i(40(/,2(U5077.//,2O(0/(h20U51P
4;(402F;?;iO(9;1(/,(b50(0p(9;-,14,1802(9;-;(6,1952;(?528.c9,1(/,(
,F7;F.,9.=1(40(8.077,2O(,(/,(b50(20(C.:;(70[07019.,(01(0/(9,FD85/;(4;2>(
NKLKMKJK*;T&P./.E*7-10.9.*-%*'.%$1*7-*`5."#-*Nja
K1(0/(-51.9.F.;(40(&C.A;/;O(6,U4,/01,(20(25297.3.=(0/(*,98;(40/(
-.2-;(1;-370(e20F8.0-370(40(`aaafO(0/(b50(?518;(9;1(0/(40(*.A.?,V(
e1;A.0-370(40(`aa\fO(9;145?07;1O(,(1;-370(40(/,(h*7;A.19.,("1.4,(
F;7(51,(-0?;7(;F9.=1(40(A.4,iO(,(/,(0/099.=1(40(!;2H(@;-.1U;(@JP
A./,('7-018,O(0p(U;3071,4;7(40/(6,U4,/01,(V(0p(70F702018,180(,(/,(
&J-,7,(F;7(0/(*,78.4;(&;1A07U019.,(&.54,4,1,O(V(40(/;2(201,4;702(
F;7(&;/;-3.,(S.A,(@.03(6,/;;[ (V(!;7U0(40(!02W2(&,287;O(01870(;87;2(
9;1U702.28,2O(,2D(9;-;(40(A,7.;2(,9,/402\_\(O(9;1401,4;2(;(.1A028.U,P
4;2(F;7(9;19.078;(F,7,(40/.1b5.7>(
(K//;(20(4030(,/(,9;-F,T,-.018;(,(/,2(AD98.-,2(F;7(F,780(40/(*7;V098;(40(*7;8099.=1(
40($.077,2(V($077.8;7.;2(40('99.=1(#;9.,/O(/,(&;-.2.=1(N,9.;1,/(40(B0F,7,9.=1(V(B0P
9;19./.,9.=1(V(/,(&;-.2.=1(B0U.;1,/(40(B028.859.=1(40(I.0102(40('18.;b5.,>(R;2(9,2;2(
[507;1(F7.;7.:,4;2(F;7(/,(E.29,/D,(0(.19;7F;7,4;2(01(0/(h*/,1(40(&C;b50(40(B028.859.=1(
V(E;7-,/.:,9.=1iO(/.407,4;(F;7(0/(6.1.2807.;(40('U7.95/857,(V(@02,77;//;(B57,/(40(/,(
,4-.1.287,9.=1(`a\an`a\]O(9;-;(F70J-35/;(,(/,(,F/.9,9.=1(40(/,(R0V(40(SD98.-,2>
\_\
(@0(-51.9.F.;2(9;-;(*.A.?,VO(#,1(X1U0/O('/U,77;3;O(+,F,VJ1O(#,/,-.1,O(B0-;/.1;O(
&C.A;/;(V('7.U,51D>
\_a
\lj
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
K1(0/(F7.-07;(40(02;2(-51.9.F.;2(20(/;9,/.:,1(ok(V(\_(F,790/,2(b50(
.180U7,1(/;2(F704.;2(K/(K19,18;(V(I0?59;(G7,140O(9;1(51,(0p8012.=1(
40(9079,(40(\>laa(C098J70,2\_`O(/,2(b50(4.07;1(/5U,7(,(/,(F7.-07,(40P
9.2.=1(40(!528.9.,(V(*,:O(-04.,180(/,(95,/(20(;7401=(70A;9,7(/;2(,98;2(
,4-.1.287,8.A;2( ,( 87,AH2( 40( /;2( 95,/02( /02( 0pF7;F.,7;1( h/0U,/-0180i(
/,2(8.077,2(,(3010c9.,7.;2(40(70[;7-,(,U7,7.,(,7703,8,4,2(01(\jj\(F;7(
;740102(40(h!;7U0(]ai(e&#!O(`a\\P,(B;47.U;($;A,7(*5F;(P(70A;9,8;7.,(
8D85/;2(%N&Q@KBf>
#0UW1(h$;/0-,.4,iO(01(/;2(,T;2(;9C018,(0/(K*R(F7;-;A.=(/,(.1A,P
2.=1(40(c19,2(01(/,(70U.=1O(7,:=1(F;7(/,(95,/(/,([,-./.,(@5b50(I,77;2(
/0(A014.=(,/(%N&QB'(A,7.;2(807701;2(01870(0//;2(0/(F704.;(R,(*,/.:5,O(
9;1(c102(40(70[;7-,(,U7,7.,\_o>(*;2807.;7-0180O(.1U702=(0/(KRN(b50(
20950287=O( 01( \jj^O( ,/( U,1,407;( B.9C,74( I;807;O( .180U7,180( 40( 51,(
[,-./.,(/,8.[514.28,(40(/,(70U.=1(V([514,4;7,(40(51,(&QNS%S%B>(I;P
807;([50(/.307,4;(F;7(6,1952;(V($;A,7(*5F;>(K280(W/8.-;(8;-=(F;P
202.=1(40(/,(:;1,O(01(\jjk(V(01(F,/,37,2(40(Q2F.1;(*,9C09;g(hB051.=(
,(8;4;2(/;2(?;71,/07;2(V(/02(4.;(51(5/8.-J85-g(20(A,1(;(20(-50701i\_]>(
&;1( 028,( ;7401O( /;2( ,202.1,8;2( 40( -.0-37;2( 40( /,( 9;-51.4,4\_l( V(
;87;2(,98;2(40(.18.-.4,9.=1O(/;2(F;3/,4;702(40(/,(;87;7,(C,9.014,(R,(
*;/,(9;1[;7-,4,(F;7(/,2(c19,2(R,(*;/,O(K/(K19,18;(V(I0?59;(*7.08;(
C5V07;1O( 40?,14;( 252( 8.077,2( ;( 01870UJ14;/,2( h,/( F709.;( c?,4;( F;7(
h!;7U0(&5,7018,i\_^>(K1(,54.019.,(40(A072.=1(/.370(40(-,7:;(40(`a\\O(
Q2F.1;(*,9C09;(1,77=(b50($;A,7(*5F;(20(.128,/=(01(0/(F704.;(R,(*;/,(
4;140( ;F07=( 0/( 9,-F,-018;( 40/( I/;b50( N;780( V( b50( /,2( h*,790/,2(
b50(.3,1(b504,14;(2;/,2O(]a(/,2([50(8;-,14;i\_k>(*;2807.;7-0180O(0/(
(K280(9,2;(20(709;12875V0(9;1(3,20(01(/,2(01870A.28,2(70,/.:,4,2(9;1(70F702018,1802(40(
/,(A0704,(K/(K19,18;O(-51.9.F.;(40(&C.A;/;O(F;285/,4;2(01(/,(9J790/(40(S,//045F,7(V(01(
R,(*.9;8,(01(I;U;8JO(01870(0//;2(,/.,2(h$;/0-,.4,iO([519.;1,7.;2(40/(**$*O(/,(&NBBO(
V(/,(E.29,/D,(b50(F,78.9.F,7;1(01(0/(U75F;(40(87,3,?;(9;1[;7-,4;(F;7(0/(0p(A.90c29,/O(V(
9;1(.1[;7-,9.=1(40(/;2(-04.;2(40(9;-51.9,9.=1>
\_o
(&;1A072,9.=1(01(/,(9J790/(6;40/;(01(I;U;8J>
\_]
(40!<#05$g(hy$;/0-,.4,z(0pF/.9=(9=-;(y!;7U0(]az(20(9;1A.78.=(01(0/(-J2(80-.4;(8077,P
801.0180(40/(6,U4,/01,h>
\_l
(K1870(0//;2(0/(,202.1,8;(40(!;,b5D1(E071J140:(I50/A,2O(F7.-07(,4?54.9,8,7.;>
\_^
(K1870A.28,2(9;1(AD98.-,2>
\_k
(hy$;/0-,.4,z(0pF/.9=wi>(QF>(9.8>
\_`
\^a(
0%.3!1+)':
0p( 9;-,14,180( 40/( I/;b50( N;780( h20( 01,-;7=i( 40( /,( C,9.014,( K/(
*,A;(40(4;90(-./(C098J70,2(/,(b50(h9;-F7=i(,(/;2(U,1,407;2(I04;V,(V(
01(4;140(9;12875V=(/5?;2,2(.128,/,9.;102(0(.-F/,18=(95/8.A;2(40(809,>(
K1(`aaoO(,(/,(F,7(b50(20(,40/,18,3,1(/,2(10U;9.,9.;102(F,7,(/,(402P
-;A./.:,9.=1( 40( /,2( '58;40[012,2( "1.4,2( 40( &;/;-3.,O( h!;7U0( ]ai(
9;187,8=( 51( h87,-.8,4;7i( F,7,( b50( 9;1( 207A.4;702( 40/( %N&Q@KB(
/0U.8.-,7,1(/,2(8.077,2(0pF;/.,4,2O(9;-;(9;128,(01(/,(.1[;7-,9.=1(40/(
[,-;2;(9;-F58,4;7(C,//,4;(01(`aaj(01(#,1(X1U0/O(01(0/(b50(,F,7090(
/;2(,79C.A;2g(hR.28,2(40(F,790/,2(,(/0U,/.:,7iO(;(h*014.01802(40(/0U,/.P
:,7(,(/;2(-59C,9C;2i>
E519.;1,7.;2( 40/( %N&QB'q%N&Q@KBO( 4029;1;9.014;( C09C;2(
1;8;7.;2(9;-;(0/(402F/,:,-.018;([;7:,4;(V(/,(A.;/019.,(01(/,(:;1,O(
70A;9,7;1(/;2(8D85/;2(40(/;2(F,790/07;2(.1.9.,/02O(9;1(0/(,7U5-018;(40(
b50(C,3D,1(2.4;(,3,14;1,4,2(V(/,2(70(,4?54.9,7;1(,(F072;1,2(9079,1,2(
,/(0p(?0[0(40/(I/;b50(N;780O(01870(0//,2(,(6.70V,(*0785:(25(9;9.107,O(
V(F,7,-./.8,702(9;-;(S,7U,2(&;18707,2O(,/.,2(hB,[,(lai>(#.85,9.=1(01(
/,(b50(,40-J2(20(9;18=(9;1(0/(9;19572;(40(207A.4;702(40(1;8,7.,4;(V(
70U.287;(V(40(;87,2(018.4,402(8077.8;7.,/02>
R,(402-;A./.:,9.=1(40(h!;7U0(&5,7018,i(V(40(252(C;-3702(40/(INO(
-;8.A=(,(/,2(AD98.-,2(,(708;71,7(,(252(F,790/,2>(@.9C,(-;8.A,9.=1(20(
70[;7:=(402F5H2(40(/,(,54.019.,(70,/.:,4,(01(I,77,1b5.//,(01(?5/.;(40(
`aak\__O( 01( /,( b50( -,1.[028=( hb50( /02( 40A;/A07D,( v,( /,2( AD98.-,2x( /,2(
8.077,2(b50(H/(V(252(C;-3702(/02(C,3D,1(b5.8,4;i(e$;A,7O(`aakf\_jO(01(
02F09.,/(/,2(9;-F7014.4,2(01(/,2(9079,(40(o>aaa(C098J70,2(b50([;7-,P
3,1(F,780(40/(9,-F,-018;(40/(3/;b50(e-,F,(N;>(\ofO(,2D(9;-;(9;1(0/(
-012,?0(01A.,4;(,(252(C;-3702(V(8028,[077;2(01(0/(b50(20T,/,3,(b50(
h403D,1(40A;/A07/0(/,2(8.077,2(,(/;2(9,-F02.1;2(V(vb50x(2.(C,3D,(,/UW1(
F,7,-./.8,7(01(/,(:;1,O(/;2(9,-F02.1;2(801D,1(b50(401519.,7/;i\ja>(
N;(;328,180(/;(,1807.;7O(,/(A;/A07(,(/,(70U.=1O(/,2(AD98.-,2(h20(8;F,P
7;1(9;1(51,(70,/.4,4(-5V(4.28.18,(,(/,(F7;-08.4,>(#52(c19,2(C,3D,1(
('180(51,(F08.9.=1(0297.8,(70,/.:,4,(F;7(/,2(AD98.-,2(01(/,(b50(2;/.9.8,3,1(/,(40A;/5P
9.=1(40(252(8.077,2O(B;47.U;($;A,7(*5F;(702F;14.=(b50(H28,2(F;4D,1(207(9;12.407,4,2(
9;-;(40A50/8,2(,/(-;-018;(40(25(402-;A./.:,9.=1(95,14;([507;1(01870U,4,2(,/(G;P
3.071;(N,9.;1,/(e$;A,7(*5F;O(`aakP3f>
\_j
(B*').):K#*'&.g(h@;2(A0902(402F;?,4;2i>
\ja
(@KC)*9>
\__
\^\
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
2.4;(8091.c9,4,2(9;1(2;c28.9,4;2(,9504598;2(F,7,(4,7(40(30307(,(/;2(
,1.-,/02O(028,3,1(F7;80U.4,2(9;1(9079,2(0/H987.9,2O(20-37,4,2(40(809,(
V( /,2( 95.4,3,1( C;-3702( ,7-,4;2i\j\>( *020( ,( 0//;O( /,( 9;-51.4,4( 40(
K/(K19,18;(.1U702=(,(/,(A0704,O(7095F07,14;(;190(40(/;2(ok(F704.;2(
,4?54.9,4;2\j`O( /,2( b50( [507;1( ;3?08;( 40( /,2( -04.4,2( 40( F7;8099.=1(
40(8.077,2(40/(@09708;(`aak(40(`aa\O(U7,9.,2(,/(,9;-F,T,-.018;(40/(
*7;V098;(40(*7;8099.=1(40($.077,2(V(*,87.-;1.;(V(40(;87,2(,U019.,2(
1,9.;1,/02(0(.18071,9.;1,/02>(
/%.%'*)5'685(@02F;?;(01(0/(40F,78,-018;(40(6,U4,/01,
Mapa elaborado a partir de las denuncias de las víctimas
y la base de datos de la CNRR, sede Barranquilla.
'( F,78.7( 40( /;( 0pF5028;( V( 40( /,2( F7503,2( 709;/098,4,2O( /,( E.29,/D,(
2;/.9.8=(,/($7.351,/(40(!528.9.,(V(*,:(40(I,77,1b5.//,(b50(252F014.07,(0/(
F;407(4.2F;2.8.A;(40(b5.0102(cU57,3,1(9;-;(8.85/,702(40(/;2(F704.;2O(
9;-;(-04.4,(9,580/,7(F,7,(0A.8,7(b50([507,1(;3?08;(40(87,12,99.;102>(
(B*').)!:K#*'&.g(h!528.9.,(V(*,:(9;1U0/,(3.0102(40(8028,[077;2(40(y!;7U0(]azi>
(K1870A.28,(9;1(70F702018,1802(40(/,(A0704,(K/(K19,18;>
\j\
\j`
\^`(
0%.3!1+)':
K1(0107;(40(`a\\O(/,(&;780(#5F70-,(40(!528.9.,(/0(;7401=(,/(%N&QP
@KB(70A;9,7(/,2(20U514,2(,4?54.9,9.;102(V(8.85/,7(150A,-0180(,(/;2(
/0UD8.-;2(F7;F.08,7.;2>(K28,(;7401(C,(2.4;(95-F/.4,(40(-,107,(F,79.,/(
F;7(/,(9.8,4,(018.4,4O(/,(b50(,40-J2(U028.;1=(,180(/,(Qc9.1,(40(%12P
875-018;2(*W3/.9;2(40(*/,8;O(6,U4,/01,O(/,(.1297.F9.=1(V(9,190/,9.=1(
40(/,2(702F098.A,2(,1;8,9.;102(e&#!O(`a\\P(,(!;7U0($;A,7(*5F;(P(70A;P
9,8;7.,(8D85/;2O(%N&Q@KBf>(
'985,/-0180O( /,2( F,790/,2( 40( K/( K19,18;( V( I0?59;( *7.08;( 20( 01P
950187,1( ;95F,4,2( F;7g( .f( /,2( AD98.-,2O( ,4?54.9,8,7.;2( .1.9.,/02( 40/(
%N&QB'(b50(70U702,7;1(n,51b50(0/(8D85/;(cU57,(,(1;-370(40(/;2(20P
U514;2(3010c9.,7.;2(40/(%N&Q@KBnu(..f(/;2(20U514;2(,4?54.9,8,7.;2(
40/( 402F;?;( ,4-.1.287,8.A;O( V( ...f( 807907;2( 1;( 3010c9.,7.;2O( b5.0102(
9;-F7,7;1(,/(20U514;(U75F;(40(,4?54.9,8,7.;2>(K1(028,2(9;14.9.;102O(
AD98.-,2O(402-;A./.:,4;2(V(9,-F02.1;2(709/,-,1(/,(/0UD8.-,(F7;F.0P
4,4( 40( /,2( 8.077,2O( 51;2( 9;1( 702;/59.;102( 40( ,4?54.9,9.=1( A.U01802u(
;87;2( 9;1( 702;/59.;102( 40( ,4?54.9,9.=1( .1.9.,/02( V( 25( 9;14.9.=1( 40(
402F/,:,-.018;(V(/;2(W/8.-;2(9;1(4;95-018;2(b50(,9704.8,1(/,2(9;-P
F7,A018,2\jo>(
K/(9,2;(40(&C.A;/;(02(8,1(2=/;(51,(-50287,(40(/,2(-./02(40(C098J70,2(
40(8.077,(b50([507;1(,F;407,4,2(F;7(/;2(-.0-37;2(V(,/.,4;2(40/(IN(
9;1(0/(,F;V;(40(/;2(207A.4;702(40/(%N&Q@KBO(1;8,7.,4;(V(70U.287;(V(
,58;7.4,402(/;9,/02(01(/;2(40F,78,-018;2(40(6,U4,/01,\j](V(&02,7\jl>(
(K1870A.28,(9;1(/D407(40(/,2(AD98.-,2(40(/,2(A0704,2(40(I0?59;(*7.08;(V(*,7,F08;O(-5P
1.9.F.;(40(&C.A;/;O(40F,78,-018;(40(6,U4,/01,>
\j]
(@0(9;1[;7-.4,4(9;1(/,(.1A028.U,9.=1(,40/,18,4,(F;7(S074,4'3.078,O(01(/;2(87090(
-51.9.F.;2(01(b50(C.:;(F702019.,(h!;7U0(&5,7018,iO(0/(%N&QB'q%N&Q@KB(70A;9=(
;(409/,7=(/,(9,459.4,4(40(\o](8D85/;2O(-04.,180(/;2(95,/02(20(C,3D,(;8;7U,4;(0/(40709C;(
40(F7;F.04,4(,(.U5,/(1W-07;(40([,-./.,2>(K1870(/;2(-51.9.F.;2(-J2(,[098,4;2(20(01P
950187,1(&C.A;/;O('7.U5,1VO(*.A.?,V(V(#,1(X1U0/
\jl
(R,(E.29,/D,(.1A028.U,(,/(0p(U070180(40/(%19;7,(P(6,U4,/01,O(!;2H(E071,14;(6079,P
4;(*;/;O(01870(;87;2([519.;1,7.;2(40(02,(018.4,4O(,2D(9;-;(,/(70U.287,4;7(40(K/(*/,8;O(
&,7/;2(*0T,7,14,(6,22=1O(,/(1;8,7.;(40('7.U5,1.O('7-,14;('147,40(*,/,9.;O(V(,(/;2(
0p9;190?,/02(40(&C.A;/;O(6./08C(S.//,(+,3,/08,O(V(40(E514,9.=1O(!;2H(N;73078;(I04;V,(
*7,4,(eK1g!B*').):K#*'&.>(hE.29,/D,(,370(.1A028.U,9.=1(,([519.;1,7.;2( 40/(%N&QB'q
%N&Q@KBif>(@0(.U5,/([;7-,(020(;7U,1.2-;(.1A028.U,(,(&,7/;2(B0V02O(0p(4.7098;7(40/(
%19;407(n(&02,7O(.1C,3./.8,4;(F;7(/,(*7;957,457D,>
\jo
\^o
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
K1(0/(F7.-07;O(F020(,(/,2(,985,9.;102(40(/,(E.29,/D,(40(!528.9.,(V(*,:(
b50( ;7401=( 9,F857,7( ,/( 018;1902( U070180( 40/( %N&Q@KB( V( ,( ;87;2(
[519.;1,7.;2( 40( 02,( .128.859.=1O( 0( .1A028.U,7( ,/( 70U.287,4;7( 2099.;1,/(
40(K/(*/,8;(V(,/(1;8,7.;(40('7.U5,1.O(2;1(.19.F.01802(/;2(,A,1902(F,7,(
7028.85.7(/;2(40709C;2(40(/;2(F,790/07;2(40(;87;2(F704.;2(b50(C,9D,1(
F,780(40(/,(U7,1(C,9.014,(R,(*;/,(eR,(*,/.:5,O(R,($;/5,O(S.28,(<07P
-;2,(V(S.//,(&75:fO(,2D(9;-;(F,7,(.4018.c9,7(b5.0102(40807-.1,7;1(0/(
,99.;1,7(-./.8,7(40/(I/;b50(N;780O(V(b5.0102(20(3010c9.,7;1(,F;40P
7J14;20(40(/,2(8.077,2(40(/,2(AD98.-,2O(01870(/;2(b50(20(C,1(-019.;1,4;(
,(N0V/,('/[704.1,(#;8;(B5.:O(,/.,2(hR,(#;-3707;1,i\j^O(6.U50/(&,287;(
G1099;O( ,/.,2( h@;1( '7-,14;iO( 0/( 0-F702,7.;( U,1,407;( V( 802;707;(
40/(I/;b50(N;780O(#,W/(#0A07.1.O(V(0/(402-;A./.:,4;('5U528;(&,287;(
*,9C09;O(,/.,2(h$58;i\jkO(,-.U;(F072;1,/(40(h!;7U0(]ai(V(C07-,1;(40(
!;7U0(40(!02W2(&,287;(*,9C09;(n9;1401,4;(F;7(F,7,F;/D8.9,nO(V(40(/,(
,/9,/402,(25297.F8;7,(40(/;2(*,98;2(40/(6,U4,/01,(e&#!O(`a\aPU(P(!;7U0(
40(!02W2(&,287;(*,9C09;fO(V(b5.01(,40-J2([50(7090F8;7(40(709572;2(40/(
&078.c9,4;(40(%19018.A;(E;7028,/>(
K1(0/(40F,78,-018;(40/(&02,7(20(C,1(4;95-018,4;(0/(402F;?;(01(
/,2(F,790/,9.;102(40(K/(*7,4;(V(609C;,9J1O(01(/,(!,U5,(40(%3D7.9;(V(25(
4028.1,9.=1(,(/,(0pF/;8,9.=1(-.107,O(01(/,2(b50(20(;3207A,(0/(-.2-;(
F,87=1(97.-.1,/(40(402F;?;(V(/0U,/.:,9.=1(b50(01(/,2(;87,2(70U.;102(40(
/;2(9,2;2(0pF5028;2(e-,F,(\]f>
(B*').):K#*'&.g(h#5904.=(01(/,(70FW3/.9,(.140F014.0180(40(yR,(#;-3707;1,ziO(V(S07P
4,4'3.078,g(hK/(%N&QB'(]a(V(252(/,47;102h>
\jk
(?76!?:1@Hg(hQ7401(40(9,F857,(9;187,('5U528;(&,287;(*,9C09;O(,/.,2(y$58;(&,2P
87;zi>
\j^
\^](
0%.3!1+)':
/%.%'*)5'6:(B0U.=1(9,73;1D[07,(01(0/(40F,78,-018;(40/(&02,7
Fuente: Gobernación del Cesar, “Exposición de resultados del grupo
profesional”, presentación en power point, de diciembre de 2012.
&;-;(20(20T,/=(,1802O(0/(402F;?;(01(0/(F704.;(K/(*7,4;(02(0?0-F/;(
F,7,(,/U51;2(40(/;2(9;-,14,1802(-./.8,702(40(/;2(.18070202(09;1=-.P
9;2(b50(253V,9D,1(,/(4.29572;(40(9;-3,8.7(/,2(U5077.//,2(40/(0-F70P
2,7.;(<5U502(B;47DU50:>(*020(,(0//;O(/,(;7401(40(40A;/A07(0/(F704.;(
,4b5.7.4;( F;7( 0/( %19;7,( F,7,( 53.9,7( ,( /,2( 95,7018,( V( ;9C;( [,-./.,2(
40F;78,4,2(40(S010:50/,(b50(/;(709/,-,1O([50(4.98,4,(F;7(/,(?528.9.,(
;74.1,7.,(01(0/([,//;(b50(9;1401=(,(95,7018,(,T;2(40(F7.2.=1(,(R5.2(
E071,14;('147,40(Q2F.1,O(,/.,2(hK/(R/,107;iO(0p(-.0-37;(40/(I/;P
b50(N;780>(#.1(0-3,7U;O(1;(02(9/,7;(9;-;(20(95-F/.7J(/,(;7401(?54.P
9.,/(403.4;(,(b50(2;370(020(F704.;O(4029;1;9.014;(/;2(40709C;2(40(/,2(
[,-./.,2O(0/(F7;F.;(%N&Q@KBO(3,?;(/,(4.7099.=1(40(B;4;/[;(&,-F;2(
#;8;( P.1C,3./.8,4;( F;7( /,( *7;957,457D,( F;7( 0/( -,10?;( 40( /;2( 70957P
2;2(40('U7;(%1U702;(#0U57;PO(25297.3.=(51(9;187,8;(40(F07-58,(9;1(
*BQ@K&Q(#>('>O(c/.,/(40(/,(-5/8.1,9.;1,/(9,73;107,(GRKN&QBK>(
\^l
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
'/(.U5,/(b50(01(0/(*7,4;O(01(/,2(F,790/,2(40(609C;,9J1O(01(/,2(b50(20(
70F.8.=(0/(-.2-;(F,87=1(,1802(-019.;1,4;O(20(0p87,0(9,73=1(F;7(F,780(
40(/,(0-F702,(028,4;51.40120(@75--;14>(
NKLKMKLK*]:/$0$1E*7-10.9.*-%*'.%$1*7-*`?/*8/-=G%a*
R,(70/0A,19.,(40/(9,2;(R,2($5/,F,2O(-51.9.F.;(40($573;O('18.;b5.,(
e6,F,(\]fO(20(4030(,(b50(40-50287,(150A,-0180(/,(.18019.;1,/.4,4(
F7.-.U01.,(40(/,(&,2,(&,28,T;(V(40(252(,/.,4;2(40(,F;407,720(40/(3;P
8D1(40(/,2(8.077,2(V(8077.8;7.;2(01(:;1,2(402F;3/,4,2(9;-;(0[098;(40(/,(
9;-.2.=1(40(97D-0102(,87;902(9;-;(/,2(-,2,9702(40(R,(&C.1.8,O(R,(
&51,2O(K/(Q2;O(K/('7,9,8,:;(V(*;/.9,7F,(F07F087,4,2(F;7(hR;2($,1P
U507;2i(3,?;(/,2(;740102(40(E.40/(&,28,T;O(01870(\jj](V(\jjlO(V(40(
9=-;(;F07=(/,(0-F702,(F,7,(25(/0U,/.:,9.=1(ehF,7,.128.859.;1,/.4,4if>(
*020(,(b50(.1.9.,/-0180O(B014=1(<07707,(10U=(C,30720(,F7;F.,4;(
40(8.077,2O(,(/;(/,7U;(40/(F7;902;(709;1;9.=(b50(/,(A0704,($5/,F,2(02(
51,(70U.=1(4;140(hC53;(-59C;2(402F/,:,4;2i(V(01(/,(b50(20(,4b5.P
7.07;1(,(/,([507:,(V(9;1(-,1.;37,2([7,545/018,2(eB014=1O(`aakf(P9079,(
40(95,7018,(-./(C098J70,2(20UW1(/,(#5F07.18014019.,(40(N;8,7.,4;(V(
B0U.287;P>(
hK/('/0-J1i(4028.1=(9079,(40(`la(-.//;102(40(F02;2(F7;A01.01802(
40( /;2( .-F5028;2( b50( 9;37,3,( ,( 8;4,2( /,2( ,98.A.4,402( 01( /,( 70U.=1O(
.19/5V014;(/,2(40(1,79;87Jc9;O(F,7,(,4b5.7.7(F704.;2(,(-01;2(F709.;2(
V( ;87;2( ,78./5U.;2( 9;1( 4028.1;( ,( 25( *7;V098;( *,2;O( eB014=1O( `a\\f>(
&;1( 020( F7;F=2.8;( 40/.98.A;( /0( ;7401=( ,( @,.7;1( 6014;:,( &,7,3,P
//;O(,/.,2(hB;U0/.;i(;(hK/(XU5./,i(3529,7(51(h87,-.8,4;7i(V(,(,/U5.01(
b50( 9;1A019.07,( ,( /;2( 9,-F02.1;2( F,7,( b50( A014.07,1>( K/( F7.-07;(
[50('18;1.;(60/H140:O(,202.1,4;(01(`aa_O(b50(,F,70180-0180(9;18=(
9;1(0/(,F;V;(40(R590/V(&;18707,2(6,78D10:O(019,7U,4,(40(/,(N;8,7D,(
40('F,78,4=O(,985,/-0180(.1A028.U,4,(F;7(/,2(.770U5/,7.4,402(40(02,(
;c9.1,>(K/(20U514;([50(G5.4;(S,7U,2O(0/(9;-F7,4;7(40(/;2(C07-,1;2(
&,28,T;(V(40(6,1952;>(
\^^(
0%.3!1+)':
/%.%'*)5'6;5(S018,2([;7:,4,2(V([,/2,2(01(0/("7,3J
Mapa elaborado a partir de las denuncias de las víctimas
y la base de datos de la CNRR, sede Barranquilla.
60/H140:( ,770U/=( /;2( 4;95-018;2( -04.,180( /;2( 95,/02( /;2( 8.85/,P
702(40(K/(&,7-0/;(V(R,(K2F/014;7;2,(/0(87,12c7.07;1(/;2(F704.;2(,(
I01?,-D1('/A,7,4;(I7,9,-;180O(b5.01(/;2(01,?01=(,(<;V;2(*H70:(V(
'80C;78W,( #,/.1,2O( 709;1;9.4;2( 9;-F7,4;702( -,2.A;2( 40( 8.077,2( 01(
02,(70U.=1\j_>(R,(E.29,/D,(0A.4019.=(b50(/;2(F;40702(9;1(/;2(b50(20(,40P
/,18,7;1(/,2(87,12,99.;102(07,1([,/2;2(e1;(9;.19.4D,1(/,2(c7-,2(1.(/,2(
C50//,2fO(b50(01(4;2(9,2;2(/;2(8.85/,702(40(/;2(F704.;2(C,3D,1(-5078;(
,1802(40(c7-,7(/,2(0297.857,2O(V(b50(40(/,2(b5.190([,-./.,2O(87090(C,3D,1(
(<;V;2(*H70:(cU57,(9;-;(9;-F7,4;7(40(/;2(F704.;2(R,(&,3,T,O(N;(<,V(9;-;(@.;2(
V(R,(K2F07,1:,O(V('80C;78W,(40(&;28,(':5/O(K/(@0/.7.;O(6.(B,19C.8;O(@.;2(20(#,30(V(
K/(B;2,7.;(/;9,/.:,4;2(01($573;>(K1(A,7.,2(40(/,2(87,12,99.;102(K/?,C(+5T.U,(F702018=(
F;40702(01(/;2(b50(20(028.F5/,3,(h-.(,F;407,4;(b504,(,-F/.,-0180([,95/8,4;(F,7,(/,(
c7-,(40(/,(0297.857,(40(A018,(,(/,(F072;1,(b50(0/(0/.?,i(e#NBO(`a\aP,f>
\j_
\^k
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
2.4;([;7:,4;2(,(A01407(V(4;2(C,3D,1(2.4;(;3?08;(40(A018,2([,/2,2\jj>(K1(
/,2(87,12,99.;102(,985,7;1(9;-;(9;-.2.;1.28,2(&,7/;2('/3078;(G7,?,P
/02(G=-0:O(!;7U0(K/?,9C(+5T.U,`aa(V(E,3.J1(B;/4J1(S.//,O(.1A028.U,4;2(
F;7(0/(40/.8;(40(9;19.078;(F,7,(40/.1b5.7>(
R;2(b5.190(807701;2`a\(b50(C,901(F,780(40(4;2(c19,2(R,(K2F/014;P
7;2,(9;1(51,(0p8012.=1(40(ka_(C098J70,2O(,985,/-0180(,(1;-370(40(
<5-3078;(R0=1('80C;78W,(#,/.1,2O(,/.,2(h!5,1(@.0U;i`a`O(V(K/(&;1A0P
1.;(40(o]k(C098J70,2(,(1;-370(40(Q8;1.0/(#0U514;(<;V;2O(,/.,2(hK/(
9,3;(B.A07,i(;(hK/(K1,1;i(eB014=1(`aakP3fO(.180U7,1802(40(9.8,4;(
3/;b50O([507;1(;[709.4;2(F;7(0/(0p(9;-,14,180(40/(IK&(,/(E;14;(40(
B0F,7,9.=1( 40( SD98.-,2>( K28,2( 4;2( c19,2( C,9D,1( F,780( 40( 51,( -J2(
U7,140O(9;-F5028,(F;7(4;29.018;2(F704.;2(40(-J2(40(;9C;(-./(C09P
8J70,2(e&#!O(`a\aP?(E7044V(B014=1(<07707,(P(9,190/,9.=1(40(8D85/;2f>
(&;1(3,20(01(028;2(C09C;2(V(/50U;(40(/,2(4.[0701802(.1807F708,9.;102(
F;7(F,780(40(/,(E.29,/D,(V(0/(-,U.287,4;(40(9;187;/(40(U,7,18D,2(40(!52P
8.9.,(V(*,:O(/,(&;780(#5F70-,(40(!528.9.,(;7401=(/,(9,190/,9.=1(40(/;2(
8D85/;2(V(/,(01870U,(40(/;2(807701;2(,(252(/0UD8.-;2(8.85/,702>(
NKLKMKMK*<"-7&.1*$0".0&$7.1*0."*Y$1O\%*-%*S"$OG
@0187;(40/(F7;902;(b50(20(,40/,18,(9;187,(h*047;(I;1.8;iO(b5.H1(
9;-;(20(70/,8=(,1802O(0pF/.9=(b50(.1U702=(,(/;2(U75F;2(F,7,-./.8,702(
F,7,(7095F07,7(F704.;2(40(25([,-./.,(V(F,7,(b5.01(07,(AJ/.4;(,F7;F.,7P
( &NBBO( h$7.351,/( 40( !528.9.,( V( *,:( 9.8=( ,( 150A,2( ,54.019.,2( F,7,( 9,190/,9.=1( 40(
8D85/;2([7,545/018;2i>(
`aa
(K/?,9C(+5T.U,(,985=(9;-;(,F;407,4;(01(/,2(9;-F7,2(40(F704.;2(70,/.:,4,2(F;7(51,(
40(/,2(9;-F7,4;7,2(-,2.A,2(40(8.077,2(01($573;O(+5/-,().3.(B;-07;(&07b507,(eF70P
4.;2(K/(*;7A01.7O(N50A,('5287,/.,O(N50A,(K2870//,O(R,(E;7851,O(K/(*7.19.F.;(V(#./;Hf(
e#NBO(`a\aP,f>(
`a\
( N;( C,V(9;-;( @.;2O( R,( *7.-,A07,O( R,( *,:O( R,( K2F07,1:,O( R,( &,3,T,O( K/( @0/.7.;(
%%O(&;28,(':5/(%(V(%%O(R,(!;74,1.,O(6.(B,19C.8;O(K/(B;2,7.;O(N50A;(*,7,D2;(V(@.;2(2D(
#,30>(
`a`
(K19,7U,4;(40(;7U,1.:,7(/,2(7051.;102(01870(B,-=1('18;1.;(S,/019.,(@5b50(V(,/.,2(
hK/('/0-J1iO(F,78.95/,7-0180(40(/,(70,/.:,4,(01(/,(c19,(/,(S.7U01(40/(&,7-01O(V(40(
70A.2,7(0/(9;770;(0/0987=1.9;(40(0280(W/8.-;(e&#!O(`a\aP~(P(B,-=1('18;1.;(S,/019.,(
@5b50f>
\jj
\^_(
0%.3!1+)':
20( 40( /;2( F704.;2( 40/( hI;8D1( 40( G5077,i( ,7703,8,4;2( ,( F;3/,4;702(
b50(8./4,7;1(40(U5077.//07;2O(/,(&;780(#5F70-,(40(!528.9.,(;7401=(/,(
9,190/,9.=1(40(/;2(70U.287;2(4;/;2;2(,(87,AH2(40(/;2(95,/02(20(,F7;F.=(
40(/;2(.1-503/02(757,/02(&,2,(6D,(\O(K/('/8;(40(/;2('/-0147;2(`(V(
&,-F;(<07-;2;(;(K/(B;3/0(oO(/;9,/.:,4;2(01(/,(A0704,(R;2(&047;2O(
&;770U.-.018;(I,?.7JO(651.9.F.;(40(658,8JO('18.;b5.,(40(F7;F.04,4(
40( /;2( C07-,1;2( &;17,4;( 40( !02W2( V( <071,14;( &,74;1,( <.U5.8,>(
K280(W/8.-;(,F,7090(c7-,14;(/,2(0297.857,2(4;2(,T;2(402F5H2(40(b50(
[507,(,202.1,4;(F;7(-.0-37;2(40/([70180('/0p(<578,4;(e&#!O(`a\\P[ (
B,W/(K-./.;(<,23W1(6014;:,(P(9,190/,9.=1(8D85/;2([7,545/018;2f>(R,(
40A;/59.=1(40(028;2(F704.;2O(b50(0285A;(87519,4,(457,180(9079,(40(
4;2(,T;2(F;7(/,(.1807F708,9.=1(40/(-,U.287,4;(40/($7.351,/(019,7U,4;(
40/(F7;902;O([50(70,/.:,4,(F;7(/,(E.29,/D,(01(,U;28;(40(`a\\>
K1( /,( 2018019.,( 20( 40297.301( A,7.;2( 40( /;2( 0/0-018;2( 40/( F,87=1(
40(5257F,9.=1(,1802(-019.;1,4;2g(S,9.,-.018;(40(/,(:;1,(-04.,1P
80(/,([507:,(V(/,(A.;/019.,O(9;-F7,A018,2([7,545/018,2O(,4b5.2.9.;102(
F;2807.;702(40(/;2(F704.;2(402F;?,4;2(F;7(F,780(40(807907;2O(01(0280(
9,2;(!,.-0(40(!02W2(R=F0:(K9C0A077.(V(/;2(-.0-37;2(40(/,(2;9.04,4(
*,/-,2(V(G,1,4;(#>('>(e*'R6'G'NfO(b50(709.3.07;1(9;-;(,F;780(
2;9.,/(/;2(F704.;2(,7703,8,4;2(,(/,2(AD98.-,2O(V(,985,9.;102(.770U5/,702(
40(207A.4;702(40(/,(E.29,/D,(01("7,3JO('18.;b5.,(V(40(/,(N;8,7D,(40(
&,70F,>(
\^j
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
\ka(
0)*0+1&")*#&'('$#0)/#*-%0")*#&
'9079,720( ,( /,( A074,4( 40/( 402F;?;( V( ,F7;F.,9.=1( 40( 8.077,2( 9;-;(
0287,80U.,(40/(F,7,-./.8,7.2-;O(F,780(40(,1,/.:,7(0/(9(),%!(8*'.$)#(40(/,(
&,2,(&,28,T;([;7-,4,(F;7(E.40/O(&,7/;2(V(S.90180O(01(95V;(9;1;9.P
-.018;(C,1(2.4;([514,-018,/02(/,2(A072.;102(/.3702O(/;2(8028.-;1.;2(
V(40-J2(409/,7,9.;102O(,2D(9;-;(/,2(401519.,2(40(;7U,1.:,9.;102(1;(
U53071,-018,/02(V(,9,4H-.9,2(b50(4.07;1(/5U,7(,(/,2(.1A028.U,9.;102(
V( 9;1401,2( F;7( hF,7,F;/D8.9,i>( '( F,78.7( 40( 0280( ,1J/.2.2O( 02( F;2.3/0(
40807-.1,7( /;2( AD195/;2( 01870( F,7,-./.8,702( V( 1,79;87,c9,1802( 9;1(
2098;702(/0U,/02O(/,(.1c/87,9.=1(V(9;;F8,9.=1(40(018.4,402(FW3/.9,2(V(/,(
9;1[,35/,9.=1(9;1(207A.4;702(FW3/.9;2O(9.A./02(V(-./.8,702>(
@.9C,2( 70A0/,9.;102( 2;1( 51( 70[070180( .-F;78,180( F,7,( /,( 709;12P
87599.=1(40(/;2(.18070202(V(9,52,2(b50(253V,9D,1(,/(4028.077;(A.;/01P
8;O(0/0-018;(2528,19.,/(F,7,(/,(40c1.9.=1(V(0?0959.=1(40(F;/D8.9,2(40(
70F,7,9.=1(.180U7,/(V(40(7028.859.=1>(#.1(0-3,7U;O(1;(2;1(25c9.01802(
F,7,(9;1;907(/;2(,58;702O(40807-.1,4;702O(9=-F/.902(V(3010c9.,7.;2O(
01(F,780(F;7(87,8,720(40(A072.;102(b50(F50401(207(F,79.,/02(;(202U,4,2O(
-04.4,2(F;7(0/(80-;7(;(b50(2;1(,-F/.,-0180(95028.;1,4;2(01(25(A0P
7,9.4,4(V(9704.3./.4,4(F;7(F7;A01.7(40(40/.19501802O(V(01(F,780(F;7(/;2(
0[098;2(40(/,(0p87,4.9.=1(4,4,2(/,2(409.2.;102(40(/;2(0p(9;-,14,1802O(
/,2(87,3,2(?57D4.9,2(V(/;UD28.9,2(VO(02F09.,/-0180(/,2(10U;9.,9.;102(40(
/;2(h#0T;702(40(/,(@7;U,i(PF,78.95/,7-0180(40(/;2(b50(1;(20(402-;P
A./.:,7;1PO(b50(;38.0101(2528,19.,/02(703,?,2(40(252(F01,2(,(9,-3.;(
40( .1[;7-,9.=1( 40( 758,2( V( 1,79;87,c9,1802O( V( /,( 01870U,( 40( 3.0102(
.19/5.4;2(/;2(402F;?,4;2O(2.1(b50(20(/02(70b5.07,(F;7(252(97D-0102(40(
40709C;2(C5-,1;2>(
\k\
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
#.1( F07?5.9.;( 40( /;( ,1807.;7O( 4.9C,2( 70A0/,9.;102( ,77;?,1( .1[;7-,P
9.=1(2;370(0/(10p;(9,52,/(01870(/,2(A.;/,9.;102(V(U7,A02(97D-0102(40(
40709C;2( C5-,1;2( V( 40( /02,( C5-,1.4,4( V( /;2( c102( /597,8.A;2( V( 40(
017.b509.-.018;(40(252(F7;8,U;1.28,2(VO(F;7(/;(8,18;O(2;370(/;2(.18070P
202(01(,F7;F.,720(V(,802;7,7(U7,1402(0p8012.;102(40(8.077,2(V(709572;2(
1,857,/02>(
K1(02,(-04.4,(20(C,90(0A.40180(b50(/,(9;-F7012.=1(.180U7,/(2;P
370(/,(,F7;F.,9.=1(A.;/018,(V([;7:,4,(40(8.077,2O(8077.8;7.;2(V(709572;2(
1,857,/02( 40-,14,( A.2/5-37,7( /;2( 4.A072;2( -=A./02( b50( U5.,3,1( 0/(
[01=-01;( F,7,-./.8,7( 20UW1( /;2( 70b507.-.018;2( 40( /;2( 2;9.;2( 40( /,(
b5D185F/0(,/.,1:,O(/;2(b50(20(,-F,7,3,1(3,?;(0/(4.29572;(,18.253A072.P
A;(V(/,(9;;74.1,9.=1(40(;F07,9.;102(40(20U57.4,4>('/U51;2(40(0//;2(20(
70c0701(,(/,(c1,/.4,4(40(h7095F07,7i(F704.;2(,3,14;1,4;2(F;7(0[09P
8;2(40/(,99.;1,7(40(/,2(U5077.//,2O(/,2(97.2.2(V(0/(,3,14;1;(40/(9,-F;O(
V(/;2(b50(C,3D,1(A014.4;(,/(K28,4;(F,7,(F7;902;2(40(70[;7-,(,U7,7.,(
01(702F5028,(,(/;2(-;A.-.018;2(9,-F02.1;2(40(-.8,4(40/(2.U/;(F,2,4;>(
Q87;2(,/(.1807H2(40(9;12;/.4,7(0/(9;187;/(40(8077.8;7.;2(F,7,(c102(b50(
A,1(40240(4;-.1,7(/;2(95/8.A;2(40(9;9,O(/,(F7;4599.=1(40(9;9,D1,(V(/,2(
758,2(40/(1,79;87Jc9;(V(;87;2(10U;9.;2(./0U,/02(9;-;(0/(9;187,3,14;(
40(,7-,2(0(.125-;2u(F,2,14;(F;7(0/(J1.-;(40(,990407(;(F07F085,720(
01(0/(F;407(F;/D8.9;(V(9,F857,7(7018,2(FW3/.9,2(01(3010c9.;(F7;F.;O(
C,28,(0/(40(.1A078.7(V(029;1407(/;2(.1U01802(709572;2(407.A,4;2(40(,9P
8.A.4,402(/D9.8,2(0(./D9.8,2(,(87,AH2(40(/,(F5028,(01(-,79C,(40(.1.9.,8.A,2(
09;1=-.9,2(eF7;V098;2(,U7;.145287.,/02O(U,1,407;2O(-.107;2O(40(.1[7,P
028759857,(V(857.2-;O(01870(;87;2f>(
K28;2(-=A./02(1;(F50401(402/.U,720(40(/;2(C,//,:U;2(40(/,(E.29,/D,(
V(/,(&;780(#5F70-,(40(!528.9.,(01(8;71;(,/(F7;F=2.8;(97.-.1,/(40(/,(
0-F702,([;7?,4,(F;7(/,(&,2,(&,28,T;(V(252(,/.,4;2(40(70[514,7(/,(F,P
87.,(0(.-F;107(51(150A;(;7401(09;1=-.9;O(2;9.,/O(-./.8,7(V(F;/D8.9;(
2.U1,4;(F;7(51(F/,1(97.-.1,/(b50(.19;7F;7,3,(01870(;87;2(97D-0102(
,87;902(,202.1,8;2(V(-,2,9702(F,7,(F7;459.7(0/(402F/,:,-.018;(40(/;2(
F;3/,4;702(40/(9,-F;(V(9;1(0//;(0/(,3,14;1;(40(252(3.0102(F,87.-;P
1.,/02O(01(02F09.,/(40(,b50//;2(9,-F02.1;2(3010c9.,7.;2(40(/;2(.19.P
F.01802(F7;902;2(40(70[;7-,(,U7,7.,O(/;2(b50([507;1(028.U-,8.:,4;2(
9;-;(F,780(40/(F7;V098;(U5077.//07;(V(9;187,(/;2(b50(20(,40/,18=(51,(
0287,80U.,(40(h7095F07,9.=1i(40(/,2(8.077,2(01870U,4,2(F;7(0/(K28,4;>(
\k`(
0)*0+1&")*#&
K1(020(F7;F=2.8;(97.-.1,/(b50(.19/5D,(0/(402-;180(40(,2F098;2(252P
8,19.,/02(40(/,(&;128.859.=1(40(\jj\O(0/(,A,190(40/(F7;V098;(F,7,-./.P
8,7(/02(;[709.=(,(252(-.0-37;2(;7UJ1.9;2(V(,/.,4;2(/,2(9;14.9.;102(F,7,(
017.b5090720(01(/,2(b50(/,(,F7;F.,9.=1(40(8.077,2(07,(V(02(51(0/0-018;(
9;-W1(?528.c9,4;(40240(25(10U;9.;(;(,98.A.4,4>(I,?;(0/(709/,-;(40(
20U57.4,4(0-F702,7.;2(20(,F7;A09C,1(40/(-079,4;(A.;/018;(40(8.077,2(
F,7,(,-F/.,7(;(.1.9.,7(150A,2(,98.A.4,402(09;1=-.9,2O(V(U0107,7(-,P
V;702(58./.4,402>(R;2(1,79;87,c9,1802(ehF,7,1,79;2i(V(h1,79;F,7,2if(
9;12;/.4,7;1(V(,20U57,1(758,2O(,4b5.7.07;1(028,852(2;9.,/(;(,2F.7,1(,(
C,907/;(V(0187,7;1(01(0/(9.795.8;(40(/,(/0U,/.4,4(/,A,14;(,98.A;2(9;1(
F7;F.04,402(-503/02(0(.1-503/02(V(9;1(,98.A.4,402(09;1=-.9,2(A.1P
95/,4,2(,(0//;2>(K28,(W/8.-,(c1,/.4,4(9;.19.40(9;1(/,(40(8077,801.01802O(
U,1,407;2(V(70F702018,1802(40(;87;2(2098;702(b50(,9904.07;1(,(9,7U;2(
40( 0/099.=1( F;F5/,7( V( ;87;2( 0-F/0;2( FW3/.9;2O( /;( b50( /02( F07-.8.=(
,F7;F.,720(40(7018,2(FW3/.9,2(0(.19.4.7(01(/,(,4;F9.=1(40(409.2.;102(
/0U,/02(V(,4-.1.287,8.A,2(b50(,40-J2(40(/0U,/.:,7(0/(402F;?;(/02([,9./.8=(
,4b5.7.7(709572;2O(F07-.2;2(V(;87;2(.19018.A;2(F,7,(/,(F5028,(01(-,7P
9C,(40(F7;V098;2(40(402,77;//;(01(/,2(8.077,2(,95-5/,4,2(V(h7095F0P
7,4,2iO(01(-01;29,3;(40(/;2(40709C;2(40(9,-F02.1;2(V(9,-F02.1,2O(
F503/;2(.14DU01,2(V(9;-51.4,402(,[7;4029014.01802O(3010c9.,7.;2(40(
F7;U7,-,2(028,8,/02(40(4;8,9.=1(40(8.077,>(
N;(;328,180(/;(,1807.;7O(2.U501(2.014;(.19.F.01802(/;2(,A,1902(01(
70A0/,7(/,(70/,9.=1(VO(F;7(0140O(/,(702F;12,3./.4,4(40(8;4;2(/;2(.1A;P
/597,4;2(e9;1401,4;2(0(.1A028.U,4;2(;(1;f(01(/,(A5/107,9.=1(40(/;2(
40709C;2(F,87.-;1.,/02(40(/,2(AD98.-,2>(K1(02F09.,/O(8;4,AD,(0p.2801(
-59C,2(A074,402(F;7(207(70/0A,4,2(01(8;71;(,/(402F/,:,-.018;(V(0/(
9;120950180(,3,14;1;O(402F;?;(V(9;190187,9.=1(40(/,(8.077,(V(40/(52;(
40/(250/;(0p,9073,4;2(F;7(51(-;40/;(40(402,77;//;(202U,4;(,([,A;7(40(
F7;V098;2(40(402,77;//;(09;1=-.9;(9;-;(/;2(,U7;.145287.,O(/,(U,1,P
407D,(0p8012.A,O(/,(-.107D,O(0/(857.2-;O(/,(c19,(7,D:(V(/,(.1[7,028759857,(
,(U7,1(029,/,(9;1(,/8,(40-,14,(40(9,F.8,/(V(8.077,2>(
K1(0[098;O(/;2([,//;2(?54.9.,/02(9;128.85V01(.-F;78,1802(,F;7802(b50(
F07-.801( 9;-F701407( /,( 0pF,12.=1( V( 9;12;/.4,9.=1( 40/( [01=-01;(
F,7,-./.8,7(.128,4;(F;7(H/.802(09;1=-.9,2(V(2;9.,/02O(9;1(0/(9;19572;(
40( 207A.4;702( FW3/.9;2( V( -./.8,702O( 0( .12875-018;2( /0U,/02( 9;-;( /,2(
\ko
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
&;1A.A.7>(#.1(0-3,7U;O(0/(029/,709.-.018;(40(028;2(10p;2(1;(C,(2.4;(
25c9.0180(F,7,(40807-.1,7(b5.H102(2;1(/;2(U,1,4;702(40/(,3,14;1;(
[;7:,4;(V(40/(0pF;/.;O(40A0/,7(V(F0720U5.7(/,(9,401,(40(8028,[077,78;(V(
7090F8,9.=1(,(87,AH2(40(/,(95,/(20(;95/8,1O(V(402-;18,7(/,2(0287,80U.,2(V(
-,b5.1,7.,2(97.-.1,/02(0-F/0,4,2(01(/,(9;190187,9.=1(40(/,(8.077,(V(40(
252(52;2>(@0(028,(-,107,(2532.280(0/(40307(.1,F/,:,3/0(40(702F;1407O(
[J,#T$*%!%($!0(%!A.$.)('*%!)*0!K(&C$!)*!0.%!&#*''.%!/!(&'(%!$*A(-#(%!)*%8(L.)(%!*$!*0!
9.'-(!)*!0(%!*%&.)(%!)*!.,&()*G*$%.\
&;1(3,20(01(/,2(70A0/,9.;102(40(0p(9;-,14,1802(V(0p(.180U7,1802(
40(/,2(028759857,2(U028,4,2(F;7(/,(&,2,(&,28,T;(F5040(20T,/,720(b50(
40187;(40(/;2(U,1,4;702(40/(402F;?;(20(01950187,1O(01(F7.-07(/5U,7O(
/;2(F7;F.;2(F,7,-./.8,702O(b50(/,2(58./.:,7;1(F,7,(402,77;//,7(F7;V098;2(
09;1=-.9;2( ,( 87,AH2( 40( 8028,[077;2O( A.195/,14;( 0-F702,7.;2( V( ,F,P
/,19,14;(709572;2(FW3/.9;2>(*07;(1;([507;1(/;2(W1.9;2>($,/(V(9;-;(
20( 402F70140( 40( /,2( A072.;102( V( 8028.-;1.;2O( 40( 51,( F,780O( V( 40( /;2(
C,//,:U;2(40(/,2(.128,19.,2(40(/,(R0V(jkl(40(`aalO(;7U,1.:,9.;102(2;P
9.,/02(V(40(AD98.-,2(V(018.4,402(FW3/.9,2(9;-;(/,(#5F07.18014019.,(40(
N;8,7.,4;(V(B0U.287;O(01870(;87,2O(8,-3.H1(20(,F7;F.,7;1(40/(3;8D1(/;2(
2;9.;2(/0U,/02(40(/,(0-F702,(97.-.1,/>(
K2(F;7(0//;(b50(/,2(.1A028.U,9.;102(40(!528.9.,(V(*,:(40301(,/.-01P
8,720(V(9;-F/0-018,720(9;1g(.f(/,2(F7503,2(V(70A0/,9.;102(;3801.4,2(
01(/;2(F7;902;2(40(hF,7,F;/D8.9,i(,40/,18,4;2(F;7(/,(&;780(#5F70-,u(
..f(/,2(9;1401,2(.18071,9.;1,/02(V(/,2(.1A028.U,9.;102(1,9.;1,/02(n,W1(
.19.F.01802n(F;7(AD195/;2(40(0-F702,7.;2(V(-5/8.1,9.;1,/02(01(0/([0P
1=-01;(40(/,(hF,7,09;1;-D,i(V(0/(hF,7,0-F702,7.2-;iu(.Af(/;2(F7;P
902;2(40(702F;12,3./.4,4(4.29.F/.1,7.,O(c29,/(V(F01,/(9;187,(207A.4;702(
FW3/.9;2(9,52,1802(40/(402F;?;(;(40(25(/0U,/.:,9.=1(hF,7,.128.859.;P
1,/.4,4(-./.8,7(V(9.A./iu(A.f(/;2(F7;902;2(F01,/02(F;7(017.b509.-.018;(
./D9.8;(V(1,79;87Jc9;u(A..f(/;2(F7;902;2(40(0p8.19.=1(40(4;-.1.;(b50(
,[09801(3.0102(40(207A.4;702(FW3/.9;2O(F,78.95/,702(V(1,79;87,c9,1802(
ehF,7,1,79;2i(V(h1,79;F,7,2ifO(V(A..f(40(/,2(.1A028.U,9.;102(2;370(/,2(
8.F;/;UD,2( 40/( 402F;?;( -,807.,/( V( ?57D4.9;( e,4-.1.287,8.A;( V( ?54.9.,/f(
b50(,40/,18,1(.128,19.,2(FW3/.9,2(V(F7.A,4,2O(02F09.,/-0180(01(70U.;P
102(01(/,2(b50(20(C,1(F702018,4;(9;-F7,2(-,2.A,2(40(8.077,2(9;1(F;2P
807.;7.4,4(,(/,(9;-.2.=1(40(97D-0102(2.280-J8.9;2(V(-,2.A;2>(
\k](
0)*0+1&")*#&
R;(,1807.;7(0p.U0(/,(F5028,(01(-,79C,(40(51,(F;/D8.9,(97.-.1,/(.1P
80U7,/(b50(1;(20(7045:9,(,(/,(40807-.1,9.=1(40(/,(A074,4(?54.9.,/(40(
51;(40(/;2(2;9.;2(40(/,(0-F702,(97.-.1,/\g(/;2(F;285/,4;2(,(/,(R0V(40(
!528.9.,(V(*,:>(R,(-,U1.854O(2.280-,8.9.4,4(V(-,2.A.4,4(40(/;2(97D-0P
102(9;187,(/;2(F;3/,4;702(40/(9,-F;(V(/,(0p.28019.,(40(51,(0-F702,(
97.-.1,/(40(402F;?;(V(40(25(/0U,/.:,9.=1O(.-F;10(0/(40307(40(,9,3,7(V(
9;-3,8.7(/;2(,/8;2(1.A0/02(40(.-F51.4,4>(K28;(b5.070(409.7(b50(1;(02(
25c9.0180(9;1401,7(,(/;2(-.0-37;2(-./.8,702(40/(F,7,-./.8,7.2-;(V(,(
/;2(207A.4;702(40(0/099.=1(F;F5/,7(9;1(/;2(b50(9;19078,7;1O(1.(F0720P
U5.7(0p9/52.A,-0180(/;2(3.0102(40(F,7,-./.8,702O(1,79;F,7,-./.8,702(V(
1,79;87,c9,1802(2.1(7095F07,7(/;2(3.0102(40(/;2(40-J2(2;9.;2(/0U,/02(
40(/,(b5D185F/0(,/.,1:,(97.-.1,/>
K1(0280(2018.4;O(,/(.4018.c9,7(8;4;2(/;2(,98;702(9;-F7;-08.4;2(01(
/,(0-F702,(97.-.1,/(,2D(9;-;(252(.18070202(V(-;8.A,9.;102O(02(F;2.3/0(
9;12875.7O(01(9/,A0(40(1;(70F08.9.=1O(51,(-0-;7.,(C.28=7.9,(b50(,9;-P
F,T,4,(40(.1.9.,8.A,2(40(70F,7,9.=1O(70A0720(0/(402F;?;(V(/,(;95F,9.=1(
./0UD8.-,(40(/,2(8.077,2(,3,14;1,4,2O(V(F;2.3./.80(/,2(9;14.9.;102(F,7,(
0/(F/01;(0?079.9.;(40/(40709C;(,(/,(F7;F.04,4(40(8.077,2(V(8077.8;7.;2(40(
/,2(AD98.-,2O(40(-,107,(b50(20(b5.0370(/,(/=U.9,(40/(402F/,:,-.018;(V(
0/(402F;?;>(
("1,(F;/D8.9,(97.-.1,/(.180U7,/(4030(F7;F01407(9;-;(-D1.-;(,(he.f(h029/,70907(/;2(C0P
9C;2(40(402F/,:,-.018;(V(,F7;F.,9.=1(40(8.077,2(V(40(8077.8;7.;2(H81.9;2(9;1(c102(09;P
1=-.9;2(/0U,/02(eF7;V098;2(40(402,77;//;f(0(./0U,/02(e1,79;87Jc9;O(9;187,3,14;O(089>fu(
e..f(.4018.c9,7(0/(F,87=1(40(/,2(A.;/,9.;102(V(/,(9,401,(40(40/.8;2u(e...f(402,78.95/,7(/,2(
028759857,2(40/.195019.,/02(40/([01=-01;(-,97;97.-.1,/(,-F/.,-0180(40297.8;(F;7(/,(
&;780(01(/,(2018019.,(&Poka(40(`aa^(V(01(/,2(2018019.,2(40(/,(&;780(#5F70-,(40(!528.9.,(
9;187,( 207A.4;702( FW3/.9;2( 9;1401,4;2( F;7( 9;19.078;( F,7,( 40/.1b5.7u( e.Af( .4018.c9,7O(
?5:U,7(V(,F/.9,7(/,2(702F098.A,2(2,19.;102(F01,/02O(9.A./02O(,4-.1.287,8.A,2O(c29,/02(V(4.2P
9.F/.1,7.,2O(20UW1(9;7702F;14,O(,(/;2(702F;12,3/02(40/(4028.077;O(2.1(F07?5.9.;(40(b50(20(
87,80(40(,U01802(/0U,/02(;(./0U,/02u(eAf(F01,/.:,7(9;14598,2(F7;C.3.4,2(01(/,(/0U.2/,9.=1(
,U7,7.,(,1802(40(/,(R0V(40/(*/,1(70/,9.;1,4,2(9;1(/,(,4b5.2.9.=1(40(8.077,2(,4?54.9,4,2(
F;7(0/(K28,4;(b50(25F0701(0/(8,-,T;(40(/,("1.4,4('U7D9;/,(E,-./.,7(V(/,(;95F,9.=1(
./0UD8.-,(40(3,/4D;2O(,2D(9;-;(/,2(87,12[07019.,2(2;370(0//;2u(eA.f(.1A028.U,7(V(2,19.;1,7(,(
/;2(?50902(b50(F7;c0701(2018019.,2(40(F07801019.,(2;370(3,/4D;2(V(8077.8;7.;2(H81.9;2(V(
,-3.018,/02(V(A..f(0?07907(/,2(,99.;102(40(70F08.9.=1(9;187,(/;2(207A.4;702(FW3/.9;2(b50(
F,78.9.F01(4.7098,(;(.14.7098,-0180(01(0/(402F;?;(;(,(25(/0U,/.:,9.=1(V(9;187,(/;2(-.0-P
37;2(40(/;2(U75F;2(,7-,4;2(,/(-,7U01(40(/,(/0Vi(e#,/.1,2(„(;87;2O(`a\`f>
\
\kl
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
@0(-,107,(9;-F/0-018,7.,(V(,180(/,(0A.4019.,(40(/,(F,78.9.F,9.=1(
4.7098,(40(/;2(,/.,4;2(/0U,/02(40/([01=-01;(F,7,-./.8,7(01(/,2(2.280-JP
8.9,2( V( -,2.A,2( 0pF;/.,9.;102( 40( 8.077,2( V( 8077.8;7.;O( /,( ,99.=1( 9;12P
8.859.;1,/(40(0p8.19.=1(40(4;-.1.;(1;(F5040(/.-.8,720(,(F0720U5.7(V(
7095F07,7( /;2( 3.0102( 40( /;2( ,U01802( ./0U,/02( eF,7,-./.8,702( V( 1,79;P
87,c9,1802fO( -Jp.-0( 95,14;( 1;( 20( C,( 40-;287,4;( 25( 0c9,9.,>( *;7(
0/(9;187,7.;O(57U0(70[;7-,7/,(V(0p801407/,(,(/;2(3.0102(40(/;2(,U01802(
/0U,/02(FW3/.9;2(V(F7.A,4;2(b50(9;19078,7;1(9;1(0//;2(V(,(/;2(b50(20(
3010c9.,7;1(40(252(,99.;102O(02F09.,/-0180(01(/;2(9,2;2(01(b50(1;(
F504,1( ,9704.8,7( /,( 3501,( [0( V( 0/( ;7.U01( /D9.8;( 40( 252( .1970-018;2(
F,87.-;1.,/02( e017.b509.-.018;( ./D9.8;fu( ,985,7;1( 9;-;( 8028,[077;2u(
,52F.9.,7;1O( [,9./.8,7;1( ;( [;7-,/.:,7;1( 0/( 402F;?;( 9;187,( 0/( K28,4;(
;( 58./.:,7;1( .1[;7-,9.=1( F7.A./0U.,4,( F,7,( ,F7;F.,720( 40( /,2( 8.077,2(
e'78D95/;(`(40(/,(R0V(kj`(40(`aa`(-;4.c9,4;(F;7(0/(,78D95/;(k`(40(/,(
R0V(\]k](40(`a\\f>(
'4.9.;1,/-0180O(,180(/,(9;18514019.,(40(/;2(C09C;2(b50(40-502P
87,1(/,(0p.28019.,(40(51,(0-F702,(97.-.1,/(F,7,(/0U,/.:,7(/,(,95-5/,P
9.=1(A.;/018,(V([7,545/018,(40(8.077,2(V(8077.8;7.;2O(/,(.-F/0-018,9.=1(
40(/,(R0V(40(SD98.-,2(0p.U0(9;18,7(9;1(-09,1.2-;(.4=10;2(V(25cP
9.01802(F,7,( U,7,18.:,7( /,(A.4,(0(.180U7.4,4( F072;1,/( 40(/,2(AD98.-,2(
V(/,(F7;8099.=1(V(40[012,(40(252(3.0102O(V(F,7,(402A.785,7(/,2(;F;2.P
9.;102(40(807907;2(,(252(40-,14,2(40(7028.859.=1>(R,(.-F51.4,4O(,2D(
9;-;( /,( F5028,( 01( -,79C,( 40( F7;V098;2( 09;1=-.9;2( 01( 8077.8;7.;2(
V(F704.;2(,3,14;1,4;2(F;7(/,([507:,O(2;1(/;2(F7.19.F,/02(;328J95/;2(
F,7,( 70A072,7( /,( 9;190187,9.=1( ,( 2,1U70( V( [50U;>( R,( F072.28019.,( 40(
/;2(U75F;2(./0U,/02(b50(37.14,1(F7;8099.=1(,(/;2(U,1,4;702(40/(Hp;4;(
[;7:,4;(U5,74,(028709C,(70/,9.=1(9;1(/,(970,9.=1(40(/;2(,58;401;-.P
1,4;2(h0?H79.8;2(,18.(7028.859.=1i(V(9;1(0/(.1970-018;(40(,202.1,8;2(V(
,-01,:,2(9;187,(/D40702(V(709/,-,1802O(.19/52;(01(/,2(70U.;102([;9,P
/.:,4,2(F,7,(/,(,F/.9,9.=1(40(/,(*;/D8.9,(N,9.;1,/(40(&;12;/.4,9.=1(V(
B09;1287599.=1($077.8;7.,/>(
'2.-.2-;O(/,2(U7,1402(.1A072.;102(9;1(709572;2(40(454;2,(F7;90P
4019.,(01(F7;V098;2(09;1=-.9;2(40(U7,1(029,/,(01(F704.;2(,3,14;1,P
4;2(;(402F;?,4;2(C,901(F70A07(b50(0p.28.7J(51(U7,1(1W-07;(40(;F;P
2.8;702(4.2F5028;2(,(,/0U,7(/,(3501,([0(01(25(,4b5.2.9.=1>('2D(/,2(9;2,2O(
\k^(
0)*0+1&")*#&
/,2(,58;7.4,402(,4-.1.287,8.A,2(V(?54.9.,/02(019,7U,4,2(40(/,(,F/.9,9.=1(
40(/,(,99.=1(40(7028.859.=1(40301(207(7.U57;2,2(V(1;(9;1[;7-,720(9;1(
/,(,9704.8,9.=1(40(/,(3501,([0(2.1;(40-,14,7(b50(20(40-502870([0C,P
9.0180-0180(b50(028J(0p018,(40(95/F,>(
'(/,([09C,(F,709.07,(b50(/,2(-04.4,2(F70A.28,2(01(/,(F;/D8.9,(40(702P
8.859.=1(1;(2;1(40/(8;4;(25c9.01802(F,7,(40A;/A07(-,807.,/(V(?57D4.P
9,-0180(/,2(8.077,2(V(/;2(8077.8;7.;2(,(/;2(402F;20D4;2O(2.85,9.=1(b50(
F5040(C,90720(-J2(9;-F/0?,(9;1(/,(F5028,(01(-,79C,(40(/,(F;/D8.9,(
40(402,77;//;(757,/(01(/,(b50(20(F7.A./0U.,1(/;2(97.807.;2(40(9709.-.018;(
09;1=-.9;(V(F7;4598.A.4,4(V(/,(70,98.A,9.=1(40/(-079,4;(40(8.077,2O(
F;7(-04.;(40(.f(F7;U7,-,2(-,2.A;2(40([;7-,/.:,9.=1O(..f(/,(,58;7.:,P
9.=1(40(,4b5.7.7(,-F/.,2(0p8012.;102(40(8.077,2(,4?54.9,4,2(F;7(0/(K2P
8,4;(2.1(/,(/.-.8,9.=1(40(/,("1.4,4('U7D9;/,(E,-./.,7u(...f(/,(01870U,(40(
3,/4D;2(F,7,(9;1[;7-,7(:;1,2(40(402,77;//;(0-F702,7.,/u(.Af(0/(4070P
9C;(70,/(40(25F07c9.0O(V(Af(/;2(9;187,8;2(40(52;(40(/,(R0V(40(SD98.-,2>(
#;370(0/(F,78.95/,7O(/;2(0/0-018;2(40(/;2(*7;V098;2(*7;4598.A;2(F,7,(
/,(*,:(V(25(20-0?,1:,(9;1(/;2(0-F/0,4;2(01(0/(F/,1(97.-.1,/(4.20T,4;(
V(,F/.9,4;(F;7(S.90180(&,28,T;O(02F09.,/-0180(0/(52;(40(/,(-,b5.1,7.,(
028,8,/(,4-.1.287,8.A,(V(?54.9.,/(F,7,(/,(0-F702,(97.-.1,/(40(402F;?;(V(
/0U,/.:,9.=1O(C,901(F70A07(/,(10902.4,4(40(028,3/0907(-09,1.2-;2(b50(
.-F.4,1(b50(/,([;7-,/.:,9.=1(40(/,(F7;F.04,4(757,/(V(/,2(cU57,2(,1802(
-019.;1,4,2O(20,1([519.;1,/02(,(/,(/0U,/.:,9.=1(40/(402F;?;(V(,/(525P
[7598;(./0UD8.-;(0(./0U,/(40(/,2(8.077,2(,3,14;1,4,2(F;7(/,2(AD98.-,2>(
E.1,/-0180O( ,180( 0/( ,/8;( F;79018,?0( 40( 207A.4;702( FW3/.9;2( 9.A./02(
V(-./.8,702(.1A028.U,4;2(V(/,2(9;1401,2(9;187,(9;1U702.28,2(F;7($,&'#'O
2.-*'!8.'&*!-(98.'&#'!(!K*$*I-#.'%*!)*0!8'(85%#&(!-'#9#$.0!)*!'*G,$).'(0.!8.W
&'#.O(/,(70F,7,9.=1(40(/,2(AD98.-,2(V(40(/,(2;9.04,4(40-,14,(.-F5/2,7(
F7;902;2( F,7,( b50( 8,-3.H1( 20,1( 409/,7,4;2( F;/D8.9,( V( 2;9.,/-0180(
702F;12,3/02>(#5(.1A028.457,(C,90(-J2(U7,A;2;(25(9;19572;(01(/,(0-P
F702,( 97.-.1,/( VO( F;7( 0140O( 40301( 028,3/090720( /;2( -09,1.2-;2( b50(
.-F.4,1(b50(F504,1(,990407(150A,-0180(,(9,7U;2(FW3/.9;2(V(C0704,7(
252([;78.102(,(252([,-./.,702>(Q-.8.7(0280(40307O(,-H1(40(9;1401,7(,(
/,(.-F51.4,4(0/(0pF;/.;(V(25(0[098;(01(/,(9;190187,9.=1(40(/,(8.077,O(
U0107,7D,(h51,(02F09.0(40(,-1.28D,(40(702F;12,3./.4,4(9.A./(vF;/D8.9,(V(
-;7,/xO(40(b5.0102O(20(A,/.07;1(40(252(9,7U;2(V(F;407(F,7,(,52F.9.,7O(
\kk
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
c1,19.,7(;(F7;-;A07(0/(F7;902;(-,97;97.-.1,/i(Vq;(F,7,(3010c9.,7P
20(40(H/(e&;780O(`aa^f>(
\k_(
%B$#,"%!1$%&
!"#$%&'()*+*,-$%.$,$%"$%/*0(#*1,$203(%4'20$"%5%62'(3702$%8*%"$)%9*,)'($)%5% !&/
:,;.')%!"<$8')%*(%!,7$)
!)'20$203(%!1,'*7.,*)$,0$"%8*%=0*,,$"#$%&3,8'>$
!4?!=&?
!;#'8*@*()$)%&$7.*)0($)%8*%&3,8'>$%5%A,$>B
!&&A
!;#'8*@*()$)%&$7.*)0($)%8*"%C$18$"*($%C*80'
!&CC
D$(8$)%&,070($"*)
D!&/EC
D"'F;*%D$($(*,'
DD
D"'F;*%&$#$#;7>'
D&$
D"'F;*%&3,8'>$
D&'
D"'F;*%G"7*,%&B,8*($)
D6&
D"'F;*%HI,'*)%8*%C'(#*)%8*%C$,-$
DHCC
D"'F;*%J',#*
DJ
D"'F;*%4;,%8*%D'"-K$,
D4D
&'"*2#0K'%8*%!>'1$8')%L')I%!"K*$,%/*)#,*.'
&&!L!/
&'70)03(%J$20'($"%8*%/*.$,$203(%5%/*2'(20"0$203(%
&J//
&'70)0'(*)%/*10'($"*)%8*%/*)#0#;203(%8*%D0*(*)
&//D
&'70)03(%8*%4*1;070*(#'%$%"$%9'"-#02$%9M>"02$%8*%!#*(203(%$%"$%9'>"$203(%
N*)."$<$8$
&'70)03(%O%&'70)03(%
8*%4*1;070*(#'
&'()#0#;203(%9'"-#02$%
&9
&'();"#',-$%.$,$%"')%N*,*2P')%H;7$(')%5%*"%N*)."$<$70*(#'
&?NH64
&',#*%&'()#0#;20'($"
&?/=6
&',#*%4;.,*7$%8*%L;)#020$
&4L
N*.$,#$7*(#'%!870(0)#,$#0K'%8*%"$%9,*)08*(20$
N!9/6
N*.$,#$7*(#'%!870(0)#,$#0K'%8*%4*1;,08$8
N!4
N*.$,#$7*(#'%J$20'($"%8*%9"$(*$203(
NJ9
N*.$,#$7*(#'%!870(0)#,$#0K'%9,').*,08$8%4'20$"%
N!94
N0,*2203(%J$20'($"%8*%6)#;.*@$20*(#*)
NJ6
6+I,20#'%8*%Q0>*,$203(%J$20'($"
6QJ
6+I,20#'%/*K'";20'($,0'%!(#02'7;(0)#$%8*%&'"'7>0$
6/9!&
6+I,20#'%9'.;"$,%8*%Q0>*,$203(
69Q
R,*(#*%!"*S%H;,#$8'
R!H
\kj
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
0)*!"*1%0")*'%B$#,"%!1$%&
R0)2$"-$%:*(*,$"%8*%"$%J$203(
R:J%O%RE4&!QT!
R'(8'%8*%/*.$,$203(%8*%U-2#07$)
R/U
R;*,<$)%!,7$8$)%/*K'";20'($,0$)%8*%&'"'7>0$
R!/&
:,$(%D"'F;*%J',#*
:DJ
E(#*,($#0'($"%H;7$(%/01P#)%Q$V%&"0(02%
EH/Q&
E()#0#;#'%&'"'7>0$('%8*%/*@',7$%!1,$,0$
EJ&?/!
E()#0#;#'%&'"'7>0$('%8*%N*)$,,'""'%/;,$"
EJ&?N6/
E()#0#;#'%:*'1,B@02'%!1;)#-(%&'8$<<0
E:!&
E()#0#;#'%J$20'($"%9*($"%5%9*(0#*(20$,0'
EJ96&
C0(0)#*,0'%8*%!1,02;"#;,$%5%N*)$,,'""'%/;,$"
C!N/
C0(0)#*,0'%8*%!7>0*(#*W%U0K0*(8$%5%N*)$,,'""'%=*,,0#',0$"
C!UN=
C0)03(%8*%!.'5'%$"%9,'2*)'%8*%9$<%8*%"$%?,1$(0<$203(%8*%6)#$8')%!7*,02$(') C!99X?6!
?@020($%8*"%!"#'%&'70)0'($8'%.$,$%"$%9$<%
?!&9
?@020($%8*%/*10)#,'%*%E()#,;7*(#'%9M>"02')
?/E9
?,1$(0<$203(%8*%"$)%J$20'(*)%A(08$)%.$,$%"$%68;2$203(W%"$%&0*(20$%5%"$%&;"#;,$ AJ64&?
?,1$(0<$203(%E(#*,($20'($"%.$,$%"$)%C01,$20'(*)%
?EC
?,1$(0<$203(%E(#*,($20'($"%8*"%=,$>$+'
?E=
9,'2;,$8;,-$%:*(*,$"%8*%"$%J$203(
9:J
9,'5*2#'%8*%!"#*,($#0K08$8%4'20$"
9!4?
9,'5*2#')%9,'8;2#0K')%.',%"$%9$<
999
9,'5*2#'%9,'#*2203(%8*%=0*,,$)%5%9$#,07'(0'%8*%"$%9'>"$203(%N*)."$<$8$%
99=9
/*10)#,'%Y(02'%8*%9,*80'%!>$(8'($8')
/A9
4;.*,0(#*(8*(20$%8*%J'#$,0$8'%5%/*10)#,'
4J/
=,0>;($"%4;.*,0',%8*"%N0)#,0#'%L;8020$"%8*%L;)#020$%5%9$<
=4L9
A(08$8%!1,-2'"$%R$70"0$,
A!R
\_a(
%*#H)&
%*#H)(\>(@02-;A./.:,9.;102('58;40[012,2(&,-F02.1,2(
40(&=74;3,(V("7,3J
!"#$%&#%$'()*+,*-$.)
$,/$,",0#'0#,)1)$,".2%&+.0,")
3,&4'
5%6'$
7,"*.8+2+9':."
C$,<'%e%
8*%f\\c
&',,*1070*(#'% &P070"$W% 6"% &'O
.*5W%&*)$,_%E(2";5*%70*7>,')%8*%
@;*,<$%8*%2P'F;*%^ee\d%5%@;*,<$%
)'20$"O."$(%.,'8;2#0K'%*(%!#"B(O
#02'W%C$18$"*($%5%&*)$,%^`_ggbd
f_f`b
C$,<'%`\%
8*%f\\c
&$)*,-'% 6"% C$73(W% U*,*8$% Q$%
C*)$W% U$""*8;.$,W% &*)$,_% E(2";O
5*% 70*7>,')% @;*,<$% 8*% 2P'F;*%
^`_ff\d%5%@;*,<$%)'20$"%^`_gfbd
f_b[b
R,*(#*%HI2#',%L;"0'%9*0($8'%
D*2*,,$%h%L;$(%R,$(20)2'%9,$8$%
O%N*"%D"'F;*%J',#*%^/*)_%[f%5%
[bX\cd
C$,<'%[%
8*%f\\c
&1#'_%=',2',$7$W%4$(%C$,#-(W%
&*)$,
fb`
D"'F;*%/*)0)#*(20$%=$5,'($%h%
H*,(B(%:0,$"8'%4*,($%^/*)_%i%5%
eX\cd
R*>,*,'%g%
8*%f\\c
U*,*8$%j;*>,$8$%6"%4'"W%
&1#'_%:;$2P$2$W%4$(#$%C$,#$W%
C$18$"*($
`_`cc
D"'F;*%C0(*,')%h%/$70,'%U$('5%
C;,0""'%h%Z&A&?]%^/*)_%`ae%5%
gfbX\bd
6(*,'%f\%
8*%f\\c
H$20*(8$%Q$%/$(2P*,-$W%K*,*8$%
9*2',$"0$W%=$,$<BW%!(#0'F;0$
f_ia\
D"'F;*%='"07$%h%N0*1'%L')I%
C$,#-(*<%:'5*(*2P*%h%ZN!JE6Q]%
^/*)_%fef%5%febX\bd
?2#;>,*%
ff%8*%
f\\b
H$20*(8$%=$;%=$;W%U*,*8$%
=$+'7*80'W%!7>$"*7$W%='"07$
f\i
D"'F;*%J','2208*(#*%!(#0'F;*k'% 4*.#0*7O
8*%"$)%!A&%O%Q;0)%!,(;"@'%
>,*%``%8*%
=;>*,F;0$%^/*)_%f[a%5%fb\X\bd
f\\b
&'"*10'%U*,*8$%6"%/'8*'W%
4'.*#,$(W%!(#0'F;0$
fff
D"'F;*%&*(#$;,')%h%L')I%U02*(#*% 4*.#0*7O
&$)#$k'%:0"%h%Z6Q%9/?R6]%
>,*%g%8*%
^/*)_%`\i%5%fgcX\bd
f\\b
R0(2$%&',0(#'W%&1#'_%=0"'80,$(W%
&$)$($,*
D"'F;*%J',#*%&*)$,W%C$18$"*($W%
:;$+0,$W%!#"B(#02'%5%J',#*%8*%
4$(#$(8*,%/'8,01'%='K$,%9;.'%
O%ZL?/:6%[\]%^/*)_%`aaX\b%5%
[`X\cd
D"'F;*%9$2-@02'%hHI,'*)%8*"%
&P'23h%Q;0)%68;$,8'%N;,$(1'%
62P*K$,,0$%^/*)_%`bc%5%ff[X\bd
&*(#,'%K$2$20'($"%5%#;,-)#02'%
!1')#'%fg%
Z6)#$8*,'%l;,;(1$(']W%E#)70($W%
8*%f\\b
&P'23
D"'F;*%HI,'*)%8*%:,$($8$%h
N$(0*"%!">*,#'%C*+0$%m(1*"h%
ZC6QQEn?]%^/*)_%`be%5%`c[X\bd
!1')#'%\`% R0(2$%Q$%C$,0$($W%&1#'_%&,0)#$O
8*%f\\b
"*)W%4$(%/'F;*W%!(#0'F;0$
\_\
`_`gb
gbe
f_\gg
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
D"'F;*%C'(#*)%8*%C$,-$%h%681$,%
L;"0'%`[%
&'>')%=*""*<%h%ZNE6:?%U6&EJ?]%
8*%f\\b
^/*)_%`ab%5%`cgX\bd
9,*80'%Z9*.*]W%&1#'_%4$(%9$>"'W%
C$,-$%Q$%D$+$W%D'"-K$,
ba[
R,*(#*%HI,'*)%8*%='"'KB%h%N0*1'%
R*,($(8'%C;,0""'%D*+$,$('%ZN?J% L;(0'%`b%
D6/J!]%'%Z!N?QR?%9!n]%^/*)% 8*%f\\b
`g`%5%`ffX\bd
U*,*8$%Q$%/;)0$%?2P'W%U$"*(20$%
&3,8'>$
[c[
R,*(#*%Q$%C'+$($%68*,%9*8,$<$%
9*k$%^/*)_%`i%5%`cX\bd
R*>,*,'%f%
8*%f\\b
n'($% ,*2,*$20'($"% &1#'_% J;*K$%
6).*,$(<$W%:;$,$(8$W%4;2,*
`\a
D"'F;*%4;,'*)#*%!(#0'F;*k'%h%
!"208*)%8*%L*)M)%N;,$(1'%^/*)%
`e%5%[eX\bd
6(*,'%g\%
8*%f\\b
E()#0#;#'% L;$(% =$7$5'W% &1#'_%
!"@'()'% Q3.*<W% &0;8$8% D'"-K$,W%
!(#0'F;0$
`fi
D"'F;*%&3,8'>$%h%4$"K$#',*%
C$(2;)'%^/*)_%fgg%5%afX\[d
6(*,'%`e%
8*%f\\b
4$(#$%R*%8*%/$"0#'W%&3,8'>$
afb
D"'F;*%&$"07$%h%6"K*,%U*"'<$%
:$,20$%h%H6/JmJ%H6/JmJN6n]%
'%ZH_H_]%^/*)%fgg%5%faid
N020*7>,*%
R0(2$% 6"% L$,8-(W% &1#'_% :$"020$W%
`e%8*%
D;1$"$1,$(8*W%U$""*
f\\[
bc[
`e_%D"'F;*%&$#$#;7>'%h%N*)7'O N020*7>,*%
R0(2$%D,0)$)%8*%4$,80($#$W%&$7O
K0"0<$203(%8*%4$"K$#',*%C$(2;)'% `\%8*%
.'W%=0>MW%J',#*%8*%4$(#$(8*,
^/*)_%fgg%5%fc\X\[d
f\\[
`_[gi
D"'F;*%D$($(*,'%h%6"K*,%U*"'<$%
:$,2-$%^/*)%fggX\[d
J'K0*7O
>,*%fb%8*%
f\\[
R0(2$%Q$%C$2$,*($%&1#'_%6"%N')W%
=;,>'W%!(#0'F;0$
[bg
D"'F;*%&$20F;*%J;#0>$,$%D&J%
O%:0'K$((0%L*)M)%C$,0(%n$.$#$W%
R$>0'%?,"$(8'%!2*K*8'%5%L$07*%
?K0*8'%mK0"$%^/*)%f`i%5%f`eX\gd
J'K0*7O
>,*%fb%8*%
f\\g
&*(#,'% /*2,*$20'($"% Q$% C'(#$O
k$W%Q$%&*+$W%!(#0'F;0$
eig
!1')#'%`b% U*,*8$% 6"% =01,*W% 7;(020.0'% 8*%
8*%f\\c
A(1-$W%&P'23
i[b
!>,0"%g\%
8*%f\\c
&',,*1070*(#'% 6"% &;$,*(#$W% =;,O
>'W%!(#0'F;0$
[e[
!>,0"%`f%
8*%f\\c
&',,*1070*(#'%C*""'%U0""$K02*(O
20'W%J*2'2"-W%!(#0'F;0$
g\a
D"'F;*%G"7*,%&B,8*($)%^/*)%
fe\X\b%5%i[W%afW%`g`%5%`i[X\cd
;<;=5
>?@AB
;3%0+%<$G)(2%.($*%$#"H$2(0$&".$"3+(*%I%0.".5$A0I()J%$KL%23+,-(5$J"M($F7$*%$677N:$K0<
OOO:"&+(2(J,.,(0"*(#")"&"#"H:E(-:2(
\_`(
%*#H)&
%*#H)'7>(K28759857,2(F,7,-./.8,702(V(-.0-37;2
!"#$%&#%$'"
&$)$%&$)#$k'
C.*-$,
=2+'"
<-",$8'&+.0,")
R08*"%&$)#$k'
Z/$7>'Z
!)*)0($8'
&$,"')%&$)#$k'
Z6"%9*"$8'Z
!)*)0($8'
U02*(#*%&$)#$k'
Z6Q%9,'@*Z%
'%Zo$,;7'Z
N*)7'K0"0<$8'%D"'F;*%
&*(#$,;,')% 5% );.;*)#$7*(#*%
$)*)0($8'
6@,$-(%9I,*<%&$,8'($
Z[\\]
N*)7'K0"0<$8'%D"'F;*%
&*(#$;,')
L*)M)%E1($20'%/'"8B(
ZC'('"*2P*]
%
4',%=*,*)$%:37*<%
m"K$,*<%
%
J'%*)#B%*(%L;)#020$%5%9$<
&$,"')%C$;,020'%:$,2-$
ZN'>"*%&*,']
6S%2'7$(8$(#*%8*"%
D"'F;*%C*#,'%$)*)0($8'
D2.E%,"):,)2'")=FFG),0)2')$,6+H0):,)G$'-I
D"'F;*%6"7*,%
&B,8*($)
R,*885%/*(83(%H*,,*,$
Z6"%!"*7B(]W%
ZL')I%!"@,*8'%
D*,,-']W%Z9;7$%
[]%'%Zj;0F;*]
%
&$,"')%!,80"$
Z&$,"')%&',,*$]
40(%0(@',7$203(
L$0,'%/*(83(
Z:*,7B(%
C'()$"K*]%'%
ZN'(%:*,7B(]
J'%*)#B%*(%L;)#020$%5%9$<
6"p0(%L',1*%&$)#$k*8$
ZH*,731*(*)%
C$<$]
%
?#'(0*"%4*1;(8'%H'5')
6"%&$>'%/0K*,$]%
'%Z6"%6($(']%
%
N$0,'(%C*(8'<$%
&$,$>$""'
Z/'1*"0']%'%Z6"%
m1;0"$]
%
H;7>*,#'%Q*3(%
!#*P',#M$%4$"0($)
ZL;$(%N0*1']
%
N$(0*"%/*(83(%H*,,*,$
ZN'(%C$,0']
N*)7'K0"0<$8'%D"'F;*%
&*(#$,;,')
D"'F;*%D$($(*,'%5% 6K*,%U*"'<$%:$,2-$
&$"07$
ZH_H_]%'%ZH*,O
6S#,$80#$8'
(B(%H*,(B(8*<]
Z9*8,'%D'(0#']%'%
Z9*8,'%9'(#*]
D"'F;*%D$($(*,'
Z9*8,'%D'(0#']%'% %
Z9*8,'%9'(#*]
/$M"%670"0'%H$)>M(
\_o
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
J$'0)D2.E%,)C.$#,):,)2'")=GFG
D"'F;*%&3,8'>$
D"'F;*%C'(#*)
8*%C$,-$
D"'F;*%J',#*
ZQ')%&$,,$(2*,')]%
'%D"'F;*%);,%8*"%
C$18$"*($%*%E)"$%
8*%4$(%R*,($(8'
4$"K$#',*%C$(2;)'
Z6"%C'(']%
'%Z=,0."*%&*,']
6S#,$80#$8'
4$"'73(%R*,0)%&P$808
Z\e]
J'%*)#B%*(%L;)#020$%5%9$<
L$0,'%!(8,I)%!(1$,0#$
Z!(8,I)]
!)*)0($8'
H*,(B(%8*%L*)M)%
R'(#$"K'%4B(2P*<
Z6"%9B+$,']
%
68V$,%&'>')%=I""*<
ZU*20(']%'%
ZN0*1'%U*20(']
&'(8*($8'%*(%L;)#020$%5%9$<
A>*,%6(,0F;*%D$(F;*<%
C$,#-(
ZL;$(2P'%N0F;*]
&'(8*($8'%*(%L;)#020$%5%9$<
/'8,01'%C*,2$8'%9*";@'
Z&$8*($]
4;.;*)#$7*(#*%$)*)0($8'
L$0,'%&$)#0""'%9*,$"#$
Z90#0,,0]
J'%*)#B%*(%L;)#020$%5%9$<
/'8,01'%='K$,%9;.'
ZL',1*%&;$,*(#$]% 6S#,$80#$8'
'%ZL',1*%[\]
!;1;)#'%&$)#,'%9$2P*2'
Z=;#']
Q0>$,8'%N;$,#*
ZD$7%D$7]
U$,1$)%&'(#,*,$)
Z/$@$%b\]
L')I%C$,-$%D$,,*,$
Z&P*.*%D$,,*,$]
H*,(B(%:0,$"8'%4*,($
Z=$"$8,']% '% Z6"% 6S#,$80#$8'
9$#,3(]
L')I%N$(0*"%C',$%Q3.*<
Z`\`]%'%Z
:;*,,*,']
C$,#-(%9*k$,$(8$%?)',0'
ZC$,#-(]%'%
Z6"%D;,,']
J',>*,#'%j;0,'1$%
Z&0(2'%20(2']
6(,0F;*%Q3.*<
Z?7*1$]
N*)7'K0"0<$8'%J'%*)#B%*(%
L;)#020$%5%9$<
N*)7'K0"0<$8'_%J'%*)#B%*(%L;)O
#020$%5%9$<
!;#'8*@*()$)%
:;0""*,7'%&,0)#$(2P'%
A(08$)%8*%
!2')#$
4$(#$(8*,%5%4;,%
8*"%&*)$,%^!A4!&d
Z&$70"'%
C',$(#*)]
!)*)0($8'
CB,#0,*)%8*"%
&$20F;*%8*%A.$,
N$K08%H*,(B(8*<%/'+$)
Zga]
!)*)0($8'
Q')%/'+$)
!8B(%!">*,#'%/'+$)%
?).0('
Z&$,,$(2P']
%
\_](
%*#H)&
R,*(#*%L;$(%
!(8,I)%m"K$,*<
!"208*)%C$##')%=$>$,*)
Z6"%4$7$,0']
%
LP'(%L$0,'%6)F;0K*"%
&;$8,$8'
Z6"%=01,*]
%
?)2$,%L')I%?).0('%
9$2P*2'
Z='"*7$08$]
%
Q;0)%R*,($(8'%
!(8,$8*%?).0($
Z6"%Q"$(*,']
&$.#;,$8'
R,*(#*% /*)0)#*(20$% 6)($08*,%4$(#0$1'%
C'#0"'($
:'(<B"*<
ZC*80'%l0"']
%
D"'F;*%&$#$#;7>'
L',1*%EKB(%Q$K*,8*%
n$.$#$
Z6"%E1;$(']
&'(8*($8'%*(%L;)#020$%5%9$<
%
!,$70)%C$2P$8'%?,#0<
&$>'%C$2P$8'
&'(8*($8'%*(%L;)#020$%5%9$<
<#$.")D2.E%,"):,)2'")=FFG
R,*(#*%HI2#',%
L;$(%R,$(20)2'%
L;"0'%90(*8$%D*2*O 9,$8$%CB,F;*<
,,$%'%!;#'8*@*()$)%
A(08$)%8*%4$(#$(O
8*,%5%4;,%8*"%&*)$,%
^!A4!&d
L;$(2P'%9,$8$
D"'F;*%C0(*,')
/$70,'%U$('5
Z&;2'%U$('5]
D"'F;*%HI,'*)%8*%
:,$($8$
L;$(%&$,"')%40*,,$%
/$7-,*<
Z6"%=;)'Z
HI,'*)%8*%='"'KB
N0*1'%C;,0""'%D*+$,$('
ZN'(%D*,($Z%'%
Z!8'"@'%9$<Z
R,*(#*%C'+$($
G8*,%9*8,$<$%9*k$
Z/$73(%
C'+$($Z
D"'F;*%&$"07$
/'8,01'%n$.$#$
Z/02$,8'Z
!"#$%&#%$'"):,)2'")=GF
D"'F;*%&*(#,$"%
D'"-K$,
&$,"')%C$,0'%L07I(*<
ZC$2$2'Z
D"'F;*%9$2-@02'
R,$(20)2'%L$K0*,%n;";$1$
Z:',8'"0(8'Z
D"'F;*%HI,'*)%8*"% C$(;*"%8*%L*)M)%90,$>B(
Q"$('
N;7$,%8*%L*)M)%
:;*,,*,'
ZL',1*%90,$#$Z
Z&$,$2;2P0""'Z
?"0K*,'%:;*,,*,'%&$)#0""'
Z&;2P0""'Z
J'%*)#B%*(%L;)#020$%5%9$<%5%
2,*3%*"%Z6/9!&Z
R*,($(8'%/*(83(%
H*,,*,$
Z90.*Z%'%
ZQ',$#;*,#$Z
%
\_l
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
E(K*)#01$8')%.',%
K-(2;"')%2'(%*"%
D"'F;*%J',#*
J*5"$%!"@,*80($%4'#'%/;0<
ZQ$%4'7>,*,'($Z
C01;*"%&$)#,'%:(*22'
ZN'(%!,7$(8'Z
4$M"%4*K*,0(0
%
H;1;*)%/'8,-1;*<
Z&'7$(8$(#*%
D$,>0Z
9')#;"$8'% .*,'% ('% P$2*% .$,#*% 8*%
L;)#020$%5%9$<
%*#H)'8>(6,2,9702(V(AD98.-,2(01(/,2(:;1,2(20/099.;1,4,2>
7,/'$#'*,0#.
KLLM
KLLK
KLLN
KLLA
KLL@
KLL>
;.#'2
!(#0'F;0$
b`
fa
`[
`\
[
c
``[
!#"B(#02'
`
`
`
\
\
\
g
D'"-K$,
i
f
`
\
\
`
``
&*)$,
``
b
f
\
`
\
`a
&P'23
`
`
\
`
\
f
b
&3,8'>$
b
`
`
\
\
f
a
Q$%:;$+0,$
c
[
g
`
f
\
`c
C$18$"*($
c
[
`
\
\
`
`f
J',#*%8*%4$(#$(8*,
`i
f`
g
g
f
\
[c
4;2,*
[
\
f
`
\
\
i
;.#'2
MLB
>O
KO
M>
B
MK
KAK
7,/'$#'*,0#.
KLLM
KLLK
KLLN
KLLA
KLL@
KLL>
;.#'2
!(#0'F;0$
fcg
`[c
ii
[c
g\
fa
ba`
SD98.-,2(40(-,2,9702(
!#"B(#02'
[
[
[
\
\
\
`f
D'"-K$,
gf
`[
[
\
\
b
bb
&$;2$
`[[
`i
a
`g
`b
\
`ae
&*)$,
bb
ff
e
\
[
\
ea
&P'23
i
``a
\
b
\
`i
`[e
&3,8'>$
gi
a
[
\
\
a
ba
Q$%:;$+0,$
gc
`c
`f
[
`g
\
e`
C$18$"*($
fe
`i
b
\
\
[
b[
J',#*%8*%4$(#$(8*,
a`
ac
ff
[i
a
\
fcb
4;2,*
[\
\
a
b
\
\
b[
;.#'2
PNP
A>L
M@A
MKL
PM
@B
M?>L>
E50180g( *7;902,4;g( Q3207A,8;7.;( 40/( *7;U7,-,( *702.4019.,/( 40( @<( V( @%<O(
S.90F702.4019.,(40(/,(B0FW3/.9,O(`a\\O(9;1(3,20(01(4,8;2(40(/,(*;/.9D,(N,9.;1,/>
\_^(
%*#H)&
%*#H)':>(*;3/,9.=1(402F/,:,4,(F;7(40F,78,-018;(
40(//0U,4,(\jjjP`a\\
7,/'$#'*,0#.
;.#'2
JQ0,$.
R0:S6,0'"
=T$.:,"&,0:+,0#,"
!(#0'F;0$
[ee_ecb
cc_`ii
e_abi
[f_b[f
!#"B(#02'
a\_\ic
D'"-K$,
gfe_``g
`cg_\f`
g_geb
fi_[ae
&*)$,
`g`_[\f
`\\_e\a
i_fef
e_afb
&P'23
ac_\gf
``\_gec
[_cia
bb_ice
&3,8'>$
``c_ggb
ia_gge
g_ieg
ff_ege
Q$%:;$+0,$
bf_ce\
gc_c[i
i_\\i
`\_aae
C$18$"*($
ffa_\f[
``b_a[b
f_aea
ff_c\`
J',#*%8*%4$(#$(8*,
`[b_[a[
c`_afg
`_cag
`_bb`
4;2,*
`g`_``e
cc_`ii
g_`bg
`[_ef\
='#$"
`_e\a_`ga
e\\_[fg
[f_afe
f\i_b[`
;.#'2)0'&+.0'2
N?OP@?BOP
E50180g( &;4C02>( K1g( C88FgqqYYY>A074,4,3.078,>9;-q9;-F;1018q9;18018q
,78.9/0q\koP028,4.28.9,2qo_`jP028,4.28.9,2P40P402F/,:,-.018;
%*#H)';>(%1-503/02(757,/02(;[709.4;2(V(709.3.4;2(01(0/(I$,
U."#%2':.
68V$,%&'>')%=I""*<
6K*,%U*"'<$%:$,2-$
=&#'
7,"&$+/&+H0):,2)D+,0
ee
R_%Q$%9,'K08*(20$
ea
R_%/$>'%Q$,1'
a\
R_%='"'8$
a`
R_%4$(%/'F;*
G-+&'&+H0)V%0+&+/+.
&3,8'>$OD'"-K$,
!"#':.
/*20>08'
/*20>08'
/*20>08'
af
R_%Q$)%6)#,*""$)
f[q
R_%H$#'%:,$(8*
fbq
R_%Q$%C$,1$,0#$
/*20>08'
6>I+02'O!(#0'F;0$
4*2;*)#,'
4*2;*)#,'
fcq
R_%6"%40"*(20'
4*2;*)#,'
fiq
R_%4$(%C$,0('
4*2;*)#,'
feq
R_%9'2;($
4*2;*)#,'
faq
R_%H02'#*$)
4*2;*)#,'
g\q
R_%6"%N0$7$(#*
4*2;*)#,'
\_k
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
R,*885%/*(83(%H*,,*,$
g`q
R_%6"%4$"$80#'
4*2;*)#,'
gfq
Q'#*
4*2;*)#,'
ggq
R_%9*k$%Q0)$
4*2;*)#,'
[iq
R_%Q$%6).*,$(<$
[eq
R_%J'%H$5%&'7'%N0')
4*2;*)#,'
[aq
R_%Q$%&$>$k$
4*2;*)#,'
=;,>'O!(#0'F;0$
4*2;*)#,'
b\q
R_%Q$%9$<
4*2;*)#,'
b`q
R_%6"%N*"0,0'%`
4*2;*)#,'
bfq
R_%6"%N*"0,0'%f
bgq
R_%Q$%9,07$K*,$
4*2;*)#,'
b[q
R_%L',8$(0$
4*2;*)#,'
bbq
R_%6"%/')$,0'
4*2;*)#,'
bcq
R_%J;*K'%9$,$-)'
4*2;*)#,'
biq
R_%C0%/$(2P0#'
4*2;*)#,'
beq
R_%N0')%)-%4$>*
4*2;*)#,'
baq
R_%J'%H$5%&'7'%N0')%
J'_%f
4*2;*)#,'
c\q
R_%&')#$%!<;"
4*2;*)#,'
c`q
R_%&')#$%!<;"%J'_%f
4*2;*)#,'
igq
R_%U0)#$%H*,7')$%'%Q$%
U*,,$F;*,$
J*2'2"-O!(#0'F;0$
4*2;*)#,'
6"p0(%L',1*%
&$)#$k*8$%O%D6&
`iq
R_%6"%:$""0($<'
N$>*0>$O!(#0'F;0$
4*2;*)#,'
?#'(0*"%4*1;(8'%H'5')%
9I,*<%O%D6&
[f
R_%Q$%E";)03(
4$(%L;$(%8*%A,$>BO
!(#0'F;0$
/*20>08'
/'8,01'%='K$,%9;.'
gb
9_%Q',*($%`
/*20>08'
gc
9_%Q',*($%f
&',,*1070*(#'%8*%
C0(2$O4$(#$%C$,#$O
C$18$"*($
/*20>08'
gi
9_%4$(#$%6"*($
ge
9_%D*""$%U0)#$%^JB.'"*)d
/*20>08'
ga
9_%Q$%Q$>,$(<$%^!"70O
,$(#*d
/*20>08'
[\
9_%/*7'"0('
/*20>08'
C$,#-(%9*k$,$(8$%?)',0'
i`q
R_%4$(%E)08,'
J',>*,#'%j;0,'1$%
9'K*8$
`aaq R_%Q')%C*""')
\__(
/*20>08'
4$(#$%C$,#$O
C$18$"*($
4*2;*)#,'
&',,*1070*(#'%8*%
C$2P$2$OC$18$"*($
4*2;*)#,'
%*#H)&
`%
R_%U0""$%!7$"0$
f%
R_%6"%&P07>',$<'
4*2;*)#,'
g%
R_%&$,$,*
4*2;*)#,'
[%
R_%4$(%L')I
4*2;*)#,'
b%
R_%6"%D'(1'
4*2;*)#,'
ei
R_%Q$)%9$7.$)
4*2;*)#,'
9_%4$(%L')I
f[
9_%6"%6)2'(808'
9_%U0""$%/')$
4$"K$#',*%C$(2;)'%
:37*<
b`
9_%9,'K08*(20$
bf
9_%U0<2$5$
bg
9_%Q$%6).*,$(<$%f
b[
9_%Q$%6).*,$(<$%`
bb
9_%C0%/*@;10'
e\%
R_%J;*K$%N*"P0
6"%:;$7'OD'"-K$,
4*2;*)#,'
&',,*1070*(#'%4$(#$%
R*%8*%/$"0#'W%C;(020.0'%
=0*,,$"#$O%&3,8'>$
/*20>08'
U*,*8$%4$(%Q',*(<'W%
C;(020.0'%=0*,,$"#$O
&3,8'>$
/*20>08'
&',,*1070*(#'%4$(#$%
C$,#$W%C;(020.0'%
=0*,,$"#$O&3,8'>$
C;(020.0'%=0*,,$"#$O
&3,8'>$
/*20>08'
/*20>08'
/*20>08'
/*20>08'
/*20>08'
/*20>08'
4*2;*)#,'
e`%
R_%U0""$%J;*K$
ef%
R_%Q$%:;$0,$
4*2;*)#,'
4*2;*)#,'
eg%
R_%6"%&',#0+'
4*2;*)#,'
e[%
R_%Q$%:"',0$
4*2;*)#,'
eb%
R_%9$<%U*,8*
4*2;*)#,'
ei%
R_%Q$)%9$7.$)
4*2;*)#,'
ab%
R_%9'""'%R0$'
4*2;*)#,'
ac%
R_%9'""'%&;7>0$%g
6"%:;$7'OD'"-K$,
4*2;*)#,'
E50180g( '98,2( 40( 01870U,( 40( 3.0102( 40/( E;14;( F,7,( /,( B0F,7,9.=1( 40( /,2(
SD98.-,2(V(/,2(,98,2(40(3.0102(709.3.4;2(01(4./.U019.,(40(20950287;O(,(0107;(40(
`a\`>(K1g(@'*#(e`a\`f>(K1g(C88FgqqYYY>,99.;12;9.,/>U;A>9;q9;1801.4;q9;1P
801.4;>,2Fpt9,8%@Š]ll„9;1%@Š\^^k„F,U%@Šj]]\(&;125/8,(0/(\€(40(0107;(
40(`a\`>
\_j
`aei
`aba
4*(#*(20$
4*(#*(20$
\ja(
:;)#$K'%
:;<7B(%
40*,,$
F.*/$':.$
`aaa%h% EKB(%N$,0'%
('K_
!,,0*#$%4B(O
2P*<
=W.)
X,0#'
Q;<%6"*($%
9$"$20')%
90(*8$
f\\[%
7$5_
N$K0)%!(#'(0'% `aaa%
D,$K'%Q',$
O'2#_
4$"K$#',*%
C$(2;)'
EKB(%N$,0'%
!,,0*#$%4B(O
2P*<
&$,"')%!,#;,'%
9')$8$%9*#,'%
/$80'$@020'O
($8'%C0(%=E&
N$K0)%!(#'(0'% `aaa%h% EKB(%N$,0'%
D,$K'%Q',$
'2#_
!,,0*#$%4B(O
2P*<
L',1*%EKB(%
N;F;*%
/*)#,*.'
X,0:,:.$
6)2'"B)#02$% 4'20*8$8%
`aae%
40*,,$%U8$_% !70(%m"K$,*<% h7$5_
8*%:;<7B( 5%&0$%4_*(%&%
!7$;,5%!70(%
9,*#,*"#%@0,7$%
$>'1$8')%
C'(#*,0$
N$(0*"%
&'(#,*,$)
L;"0'%40,%
o*.*)
U$./+,#'$+.)
.$+6+0'2
E50180g(#NBO(`a\\P9>
6(1"'>*
`aba
`aa`
E(2',$
4*(#*(20$
=W.
V.:.)
':E%+"+&+H0
%*#H)'<>(#.-5/,9.;102(V(F704.;2(40(6,1952;
`aac%O%
`aae
`aaa%O%
('K
`aaa%O%
('K
`aaaO
('K
=W.)
8,0#'
=W.)
7,"4'&,$)
"+*%2'&+.0
L$0,'%90(*8$% f\\i%O7$5'
*).')'%8*%
9$"$20')%
90(*8$
&*")'%!"@,*O f\\i%O%7$5'
8'%4$"$<$,%
&$)#$k*8$
f\\i%O%$>,0"
&*")'%!"@,*O f\\i%O$>,0"
8'%4$"$<$,%
&$)#$k*8$
&*")'%!"@,*O f\\i%O%$>,0"
8'%4$"$<$,%
&$)#$k*8$
F.*/$':.$
4$"K$#',*%
C$(2;)'
4$"K$#',*%
C$(2;)'
4$"K$#',*%
C$(2;)'
4$"K$#',*%
C$(2;)'
4$"K$#',*%
C$(2;)'
;+#%2'$
N'($203(
N'($203(
=&#.
EKB(%N$,0'%
!,,0*#$%
4B(2P*<
EKB(%N$,0'%
!,,0*#$%
4B(2P*<
4'"*7O
(0<$,%
$2;*,8')
N'($203(
&$,"')%!,O
U*(#$%.',%
#;,'%9')$8$% i\%70""
9*#,'
EKB(%N$,0'%
!,,0*#$%
4B(2P*<
EKB(%N$,0'%
!,,0*#$%
4B(2P*<
=/.:,$':.
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
%*#H)&
%*#H)'=5'R;2(F,98;2(01(/,2(70U.;102(20/099.;1,4,2
C.*-$,
5%6'$
=W.
!"#$%&#%$')/'$'*+2+#'$
&P0K'"'
&P0K'"'W%C$18$"*($
f\\\
D"'F;*%J',#*%h%ZL',1*%[\Z
/$"0#'
4$(#$%R*%8*%/$"0#'W%&3,8'>$
f\\`
!A&%^ZN'(%D*,($ZW%ZL',1*%[\ZW%ZN0*1'%U*20O
(']%5%C$(2;)'
90K0+$5
90K0+$5W%C$18$"*($
f\\f
D"'F;*%J',#*%h%ZL',1*%[\]
40(1$.;,
j;0>83W%&P'23
f\\g
D"'F;*%6"7*,%&B,8*($)%h%Z6Q%!"*7B(]
Q87;2(F,98;2
C.*-$,
5%6'$
=W.
!"#$%&#%$')/'$'*+2+#'$
D$,,$(2'%Q'>$
D$,,$(2'%Q'>$
f\\g
D"'F;*%&*(#,$"%D'"-K$,%h%EKB(%/'>*,#'%N;F;*W%$"0$)%
Z6,(*)#'%DB*<]
&$"8$)
f\\g
D"'F;*%&*(#,$"%D'"-K$,%h%EKB(%/'>*,#'%N;F;*W%$"0$)%
Z6,(*)#'%DB*<]
&$)$($,*
f\\g
!;#'8*@*()$)%&$7.*)0($)%8*%&$)$($,*%O%HI2#',%
:*,7B(%D;0#,$1'W%$"0$)%ZC$,#-(%Q"$(')]%h%
J'%8*)7'K0"0<$8$)
%*#H)'?5'R,(F,7,F;/D8.9,(01(/,2(70U.;102(20/099.;1,4,2
Y,$8+:.$)/Z-2+&.
F'$6.
7,/'$#'*,0#.
U'$#+:.
Y+#%'&+H0) U'&#.)
[%$S:+&' :,)\'2+#.
H;7>*,#'%8*%L*)M)%
D;0"*)%&',,*$
4
!(#0'F;0$
&$7>0'%/$802$"
&
C$,0'%A,0>*%6)2'>$,
4
!(#0'F;0$
&'"'7>0$%N*7'2,B#02$
&
/$73(%!(#'(0'%
U$"*(20$%N;F;*
4
!(#0'F;0$
!"$)%6F;0.'%&'"'7>0$
&
/;>I(%N$,-'%j;0(#*,'%
U0""$8$
4
!(#0'F;0$
&$7>0'%/$802$"
&
N0*>%C$"''@
4
!#"B(#02'
&'"'7>0$%U0K$
&
L$K0*,%&B2*,*)
4
D'"-K$,
&$7>0'%/$802$"
&
L')I%:(*22'
4
D'"-K$,
&'()*,K$8',
L')I%C$,-$%E7>*#P
/
D'"-K$,
&'()*,K$8',
&
U02*(#*%D"*""%4$8
4
D'"-K$,
&'"'7>0$%U0K$
&
s0""0$7%C'(#*)
4
D'"-K$,
&'()*,K$8',
9!
\j\
%
r
r
r
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
Y,$8+:.$)/Z-2+&.
F'$6.
7,/'$#'*,0#.
U'$#+:.
Y+#%'&+H0) U'&#.)
[%$S:+&' :,)\'2+#.
&0,'%/$7-,*<%90(<3(
4
D'5$2B
&'()*,K$8',
m"K$,'%!,$;+'
4
&*)$,
!"$)%6F;0.'%&'"'7>0$
&
H*,($(8'%C'"0($
:
&*)$,
Q0>*,$"
&
C$;,020'%9070*(#'
4
&*)$,
9$,#08'%8*%"$%A
&
681$,%A"0)*)%=3,,*)
/
&P'23
9$,#08'%&$7>0'%/$802$"
&
?80(%4B(2P*<
/
&P'23
9$,#08'%8*%"$%A
&
6"*'(',$%90(*8$
/
&3,8'>$
C'K070*(#'%9'.;"$,%
A(08'
&
r
R,*885%4B(2P*<
/
&3,8'>$
Q0>*,$"
&
r
L*)M)%C$,-$%Q3.*<
:
&3,8'>$
Q0>*,$"
L;$(%C$(;*"%Q3.*<%
&$>,$"*)
4
&3,8'>$
Q0>*,$"
&
r
Q;-)%&$,"')%
?,8')1'0)#0$
/
&3,8'>$
&'()*,K$8',
!
r
C01;*"%8*%"$%6).,0*""$
/
&3,8'>$
&'"'7>0$%N*7'2,B#02$
&
r
/*10($"8'%C'(#*)
/
&3,8'>$
&$7>0'%/$802$"
&
r
!"@'()'%&$7.'%
6)2'>$,
/
C$18$"*($
&'()*,K$8',
&
r
6(,0F;*%/$@$*"%
&$>$""*,'%!8;I(
4
C$18$"*($
9$,#08'%Q0>*,$"%&'"'7O
>0$('
&
R;$8%/$.$1
/
C$18$"*($
L',1*%8*%L*)M)%&$)#,'%
9$2P*2'
4
C$18$"*($
&'"'7>0$%U0K$
&
%
%
r
E
L',1*%Q;-)%&$>$""*,'
/
C$18$"*($
!.*,#;,$%Q0>*,$"
&
L')I%N'70(1'%NBK0"$%
!,7*(#$
:
C$18$"*($
%
&
l$,*""5%9$#,020$%Q$,$%
U*(2*
/
C$18$"*($
&$7>0'%/$802$"
&
=,0('%Q;($
:
C$18$"*($
Q0>*,$"
&
/02$,8'%!,0*"%6"2;,*
4
J',#*%8*%
4$(#$(8*,
&'"'7>0$%N*7'2,B#02$
&
m"K$,'%:$,2-$
4
4;2,*
&'"'7>0$%N*7'2,B#02$
&
%
6,0p%C',,0)%=$>'$8$
/
4;2,*
&'"'7>0$%N*7'2,B#02$
&
%
\j`(
J'
%*#H)&
Y,$8+:.$)/Z-2+&.
F'$6.
7,/'$#'*,0#.
Y+#%'&+H0) U'&#.)
[%$S:+&' :,)\'2+#.
U'$#+:.
L',1*%6"0*2*,%!($5$%
H*,(B(8*<
:
4;2,*
%C'K070*(#'%J$20'($"%
9,'1,*)0)#$
&
L',1*%Q;0)%R*,0)%&P$808
/
4;2,*
&'"'7>0$%N*7'2,B#02$
&
r
4$"K$8',%!,$($
:
4;2,*
Q0>*,$"%
&
r
&'(K*(20'(*)
%4*($8',t%4%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%&'(8*($8't%&
%/*.,*)*(#$(#*t%/%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%!>);*"#'t%!
%:'>*,($8',t%:%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%9,'2*)'%$,2P0K$8't%9!_
%E(K*)#01$8't%E%
%*#H)(j>(I.0102(***(V(#,/A,8;70(6,1952;
U$.1,&#.
]$,')U$.1,&#':')
,0)^'
]$,'
7,",*-.2".")
,0)_
Q$%R"',*)#$
&$2$'
`_b\\
f\\
`c\_\\\_\\\
6"%N0";K0't%H$20*(8$%"$%
R"',*)#$%'%=,*)%&','($)
&$;2P'
`_b\\
U$,:+."
J;*K$%N*"P0
R0(2$%U0<2$5$
R"',*)%!,,0>$%'%"$%
6)2;*"$
fb[_\\\_\\\
b\e
R',*)#$"*)%
O!2$20$
`fb%
f_\\\
9,*80'%&;7>0$
`f\
ga[_\\\_\\\
g\
J;*K$%N*"P0
:$($8*,-$
f[\
U0""$%J;*K$
4_E_
4_E_
4_E_
4_E_
Q$%:;$0,$
4_E_
4_E_
4_E_
4_E_
9,'K08*(20$
4_E_
4_E_
4_E_
4_E_
b_f[\
`_g\\
`_\cc_\\\_\\\
='#$"
fbe_\\\_\\\
&'(K*(20'(*)
%40(%0(@',7$203(%4_E_
E501802g('/8,(&;120?07D,(F,7,(/,(B0.180U7,9.=1O('#Q'$&QO(/,(2018019.,(40/(
$#!Q(9;187,(!;7U0(%AJ1(R,A0740(V(/,(01870A.28,(,(6,1952;>
\jo
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
\j](
&(.%$+82#/(#(*9-(:%*
K2b50-,(N;>(\>(K28759857,(;7U,1.:,9.;1,/(40(/;2(3/;b502(20/099.;1,4;2(
K2b50-,(N;>(`>(K28759857,(;7U,1.:,9.;1,/(40/(I/;b50(N;780(
K2b50-,(N;>(o('3,14;1;(V(402F;?;(40(8.077,2
&(.%$+82#/(#:%,%*
6,F,(N;>(\>(G0;770[07019.,9.=1(40(/,2('&&"(
6,F,(N;>(`>(G0;770[07019.,9.=1(40(/;2(3/;b502(20/099.;1,4;2(
6,F,(N;>(o>(*702019.,(40(/,2('&&"(01(0/("7,3J(
6,F,(N;>(]>(KpF,12.=1(40(/,2('&&"(01(0/(&,7.30(V(N;780(40(#,18,1407
6,F,(N;>(l>(G0;770[07019.,(40/(I/;b50(N;780(
6,F,(N;>(^>(G0;770[07019.,9.=1(40/(I/;b50(6;1802(40(6,7D,
6,F,(N;>(k>(G0;770[07019.,9.=1(40/(I/;b50(&,8,85-3;
6,F,(N;>(_>(G0;770[07019.,9.=1(40(/,2('&&"(01(/,(70U.=1(40/(&,7.30
6,F,(N;>(j>(G0;770[07019.,9.=1(V(9;7704;702(40(87Jc9;(40(47;U,
6,F,(N;>(\a>(G0;770[07019.,9.=1(V(:;1,2(40(402F;?;(V(,3,14;1;([;7:,4;
6,F,(N;>(\\>(6,2,9702(F;7(40F,78,-018;(`aa\P`a\\
6,F,(N;>(\`>(G0;770[07019.,9.=1(V(9;190187,9.=1(40(/,(8.077,(`aaaP`aaj
6,F,(N;>(\o>(@02F;?;(01(0/(40F,78,-018;(40(6,U4,/01,
6,F,(N;>(\]>(B0U.=1(9,73;1D[07,(01(0/(40F,78,-018;(40/(&02,7
\jl
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
\j^(
$#I#$#*0"%&
Z?>B+!D?B*b+C>?B*
R?B2!Z+b+k8R!B*U*<!B]Sb8R!B
28D;SB!_*B8bZ8]!>?_*8b+8B*`2!D!*28D;SB!a
e`aajP3f(@09/,7,9.=1( 7014.4,( 0/( \( 40( -,V;( 40( `aaj( 40240( L,2P
C.1U8;1(@>(&>
e`aa_f('54.019.,(40/(oa(40(0107;(40(`aa_
e`aakP9f('54.019.,(40/(`^(40(1;A.0-370(40(`aak>
e`aakP,f('54.019.,(40/(\^(40(0107;(40(`aak>
e`aakf('54.019.,(40/(\l(40(0107;(40(`aak>
e`aa^P,f('54.019.,(40/(`a(40(4.9.0-370(40(`aa^>
e`aa^f('54.019.,(40/(\j(40(4.9.0-370(40(`aa^>
*702018,9.=1(*;Y07(*;.18(e`aakf>(
K1g(C88FgqqYYY>9.F9;/>;7UqtFŠoo_>(
Y8BClD*2?DR!k8_*>8lb*?2+b+!_*8b+8B*`<?R>!*
C!D+]!a
e`a\af('54.019.,(40/(](40(?51.;(40(`a\a>
e`aa_P4f('54.019.,(40/(`\(40(,U;28;(40(`aa_>
e`aa_P9f('54.019.,(40/(`a(40(,U;28;(40(`aa_>
e`aa_P3f('54.019.,(40/(^(40(,U;28;(40(`aa_>
e`aa_P,f('54.019.,(40/(`](40(?5/.;(40(`aa_>
e`aa_f('54.019.,(40/(`o(40(?5/.;(40(`aa_>
>?DRmD*Y?>>?>8_*X>?RRn_*8b+8B*`?b*8b?2oDa*
e`a\\f('54.019.,(40(S072.=1(R.370(40/(\a(40([03707;(40(`a\\>(
e`a\af('54.019.,(40/(](40(?51.;(40(`a\a>(&;1?518,(9;1(B,W/(<,2P
3W1>
e`aakP0f('54.019.,(40/(oa(40(;985370(40(`aak>
e`aakP4f('54.019.,(40/(`](40(;985370(40(`aak>
e`aakP9f('54.019.,(40/(\\(40(?5/.;(40(`aak>
\jk
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
e`aakP3f('54.019.,(40/(\a(40(?5/.;(40(`aak>
e`aakP,f('54.019.,(40/(^(40(?51.;(40(`aak>
e`aakf('54.019.,(40/(l(40(?51.;(40(`aak>
]!Z8>*<S<!_*>!R>+[!_*8b+8B*`5!>[?*Nja
e`aakP,f('54.019.,(40/(](40(?5/.;(40(`aak>
e`aakf('54.019.,(40/(o(40(?5/.;(40(`aak>
Z?b!k8*[8>;p8_*?Z?>_*8b+8B*`YYa
e`aajP9f('54.019.,(40/(\o(40([03707;(40(`aaj>
e`aajP3f('54.019.,(40/(\\(40([03707;(40(`aaj>
e`aajP,f('54.019.,(40/(``(40(0107;(40(`aaj>
e`aajf('54.019.,(40/(`\(40(0107;(40(`aaj>
e`aaPFf('54.019.,(40/(`l(40(20F8.0-370(40(`aa_>
e`aa_P;f('54.019.,(40/(`](40(20F8.0-370(40(`aa_>
e`aa_PTf('54.019.,(40/(\\(40(20F8.0-370(40(`aa_>
e`aa_P1f('54.019.,(40/(\a(40(20F8.0-370(40(`aa_>
e`aa_P-f('54.019.,(40/(`j(40(,U;28;(40(`aa_>
e`aa_P//f('54.019.,(40/(\l(40(,U;28;(40(`aa_>
e`aa_P/f('54.019.,(40/(\](40(,U;28;(40(`aa_>
e`aa_P~f('54.019.,(40/(\\(40(?5/.;(40(`aa_>
e`aa_P?f('54.019.,(40/(\a(40(?5/.;(40(`aa_>
e`aa_P.f('54.019.,(40/(j(40(?5/.;(40(`aa_>
e`aa_PCf('54.019.,(40/(\\(40(?51.;(40(`aa_>
e`aa_PUf('54.019.,(40/(\a(40(?51.;(40(`aa_>
e`aajP[f('54.019.,(40/(j(40(?51.;(40(`aa_>
e`aa_P0f('54.019.,(40/(`j(40(-,V;(40(`aa_>
e`aa_P4f('54.019.,(40/(`_(40(-,V;(40(`aa_>
e`aa_P9f('54.019.,(40/(`k(40(-,V;(40(`aa_>
e`aa_P3f('54.019.,(40/(`_(40(-,7:;(40(`aa_>
e`aa_P,f('54.019.,(40/(`k(40(-,7:;(40(`aa_>
e`aa_f('54.019.,(40/(^(40(-,7:;(40(`aa_>
e`aakPCf('54.019.,(40/(`_(40(1;A.0-370(40(`aak>
e`aakPUf('54.019.,(40/(`k(40(1;A.0-370(40(`aak>
e`aakP[f('54.019.,(40/(`^(40(1;A.0-370(40(`aak>
\j_(
$#I#$#*0"%&
e`aakP0f('54.019.,(40/(_(40(1;A.0-370(40(`aak>
e`aakP4f('54.019.,(40/(k(40(1;A.0-370(40(`aak>
e`aakP9f('54.019.,(40/(^(40(1;A.0-370(40(`aak>
e`aakP3f('54.019.,(40/(o\(40(;985370(40(`aak>
e`aakP,f('54.019.,(40/(oa(40(;985370(40(`aak>
e`aakf('54.019.,(40/(`_(40(-,V;(40(`aak>
?D]>?Z+B]8B*;!D*<!B]Sb8R!B(
e`a\\f(<03078(S0/;:,(G,79D,>(K1870A.28,(01(0/(6087;F;/.8,1(&;P
77098.;1,/(&01807O(N50A,();7~O(N>()>(B0,/.:,4,(0/(\^(40(-,V;(40(
`a\\>
e`a\\f(#,/A,8;70(6,1952;>(K1870A.28,(01(N;78C071(N09~(B0U.;1,/O(
L,72,YO(S'>(B0,/.:,4,(0/(\_(40(-,V;(40(`a\\>(
e`a\\f(<071J1(G.7,/4;(#071,>(K1870A.28,(9;1(01(N;78C071(N09~(
B0U.;1,/O(L,72,YO(S'>(B0,/.:,4,(0/(\_(40(-,V;(40(`a\\>
K1870A.28,2( 9;1( F;285/,4;2( 40( !528.9.,( V( *,:( 01( /,( &J790/( *.9;P
8,O( 01870( 0//;2( {29,7( Q2F.1;( *,9C09;O( ,/.,2( h$;/0-,.4,i( V( R5.2(
K45,74;(+5/5,U,('79./,O(,/.,2(h6,9V.A07i>(B0,/.:,4,2(0/(\`O(\](V(
\j(40(,U;28;(40(`a\a>
K1870A.28,2( 9;1( 402-;A./.:,4;2( 40/( I/;b50( N;780( 40( /,2( '&&"(
F;285/,4;2( ,/( F7;902;( 40( !528.9.,( V( *,:( 01( /,( &J790/( !54.9.,/( 40(
S,//045F,7O(01870(0//;2('/9.402(6,88;2($,3,702O(,/.,2(hK/(#,-,7.;iO(
!;C1(!,.7;(K2b5.A0/(&5,47,4;O(,/.,2(hK/($.U70iO(K210.407(#,18.,U;(
G;1:J/0:O( ,/.,2( h604.;( ‚./;i( V( <071J1( 40( !02W2( E;18,/A;( #J1P
9C0:O(,/.,2(hK/(*J?,7;i>(B0,/.:,4,(0/(`](40(-,7:;(40(`a\\>
K1870A.28,(9;1('/9.402(6,88;2($,3,702O(,/.,2(hK/(#,-,7.;i>(B0,/.P
:,4,(0/(`j(40(?5/.;(40(`a\\>
R!;S2?D]!B*R?B2!Z+b+k8R!B*U*<!B]Sb8R!B
IRQZ"K(rR6KB(&XB@KN'#(P(IK&(e`aa]f("()*0(!)*!6*A(-#.W
-#5$!7*$&'.)(!*$!,$!<'(/*-&(!)*!:0&*'$.&#;#).)!=(-#.0!]<:=H^!_!<'(8,*%&.!
.0!D(K#*'$(!6.-#($.0O(1;A.0-370(40(`aa]>(
\jj
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
28D;SB!_*BK
e`aajP,f(7.'&.!.K#*'&.!)*!=.0;.&('*!".$-,%(!)($)*!%*!9.$#I*%&.!%(K'*!+,%W
&#-#.!/!<.U!/!0.!*`&'.)#-#5$>(&;125/8,4,(0/(\o(40(20F8.0-370(40(`a\aO(
K1g( C88Fgqq/,F,:019;/;-3.,>3/;U2F;8>9;-q`aajqajq9,78,P,3.07P
8,P40P2,/A,8;70P-,1952;>C8-/
e`aajf(7(9,$#-.-#5$!)#'#A#).!8('!".$-,%(!.0!<'*%#)*$&*!a0;.'(!>'#K*!BTW
0*U!)*%)*!4%&.)(%!>$#)(%O(40/(``(40(-,7:;(40(`aaj>
BKN@{N(„(Q$BQ#(e`a\\f(&;-51.9,9.=1(4.7.U.4,(,(G528,A;(
*087;("770U;O(0p(201,4;7(40(/,(B0FW3/.9,(V(,(%AJ1(&0F04,(&,287;O(
70F702018,180(0/098;(,(/,(&J-,7,O(25297.8,O(01870(;87;2(F;7(E7044V(
B014=1(<07707,O(!;7U0(%AJ1(R,A0740(+,F,8,O(B;47.U;(*H70:('/P
:,80O( K4Y,7( &;3;2( $H//0:O( !02W2( %U1,9.;( B;/4J1O( X/A,7;( #0FW/P
A04,(Z5.1807;O('7153.;($7.,1,(6,C09C,(V(B,W/(K-./.;(<,23W1>(
&;-51.9,9.=1( 4.2F;1.3/0( 01g( C88FgqqYYY>/,2.//,A,9.,>9;-q2.802q
40[,5/8qc/02q-04.,q4;92q\^]_aq&,78,Kp*,7,2'*087;&0F04,P
&;-018,4,!5,1.8,>F4[
?D]>?Z+B]8B*;!D*Zp;]+28Bq
K1870A.28,(9;1(/D407(40(/,2(AD98.-,2(40(/,2(A0704,2(40(I0?59;(*7.08;(
V( *,7,F08;O( -51.9.F.;( 40( &C.A;/;O( 40F,78,-018;( 40( 6,U4,/01,>(
B0,/.:,4,(0/(\k(40([03707;(40(`a\\>
K1870A.28,(9;1(70F702018,180(40(/,(A0704,(K/(K19,18;O(-51.9.F.;(
40(&C.A;/;O(40F,78,-018;(40(6,U4,/01,>(B0,/.:,4,(0/(\k(40([0370P
7;(40(`a\\>
K1870A.28,(9;1(70F702018,180(40(9;-51.4,4(40(R,(*,/.:5,O(-51.P
9.F.;(40(&C.A;/;O(40F,78,-018;(40(6,U4,/01,>(B0,/.:,4,(0/(\k(40(
[03707;(40(`a\\>
K1870A.28,(9;1(AD98.-,2(40(/,2(A0704,2(K/(F7,4;(V(609C;,9J1O(-5P
1.9.F.;(40(/,(!,U5,(40(%3.7.9;O(40F,78,-018;(40/(&02,7>(B0,/.:,4,(0/(
`o(40(-,7:;(40(`a\\>
bX(%!$(9K'*%!)*!0.%!;C-&#9.%!/!0(%!0,A.'*%!)*!'*.0#U.-#5$!)*!0.%!*$&'*;#%&.%!$(!
%($!8,K0#-.)(%!8('!9(&#;(%!)*!%*A,'#).)Q
`aa(
$#I#$#*0"%&
!]>8B*?D]>?Z+B]8B*
E03707;(`k(40(`a\a>(G528,A;(G,//=1(40(/,(&;-.2.=1(&;/;-3.,1,(
40(!57.28,2
6,7:;(\€(40(`a\a>('1,(6,7D,(@D,:O(Q-,.7,(G=-0:O(EJ8.-,(K2P
F,7:,O('/0?,147,(S0U,O(R0;1.4(XA./,(V(),108(@0/U,4;O(40(/,(&;-.P
2.=1(&;/;-3.,1,(40(!57.28,2>(
6,7:;(40(`a\a>('/.7.;("7.30(40/(&;/098.A;(40('3;U,4;2(!;2H('/P
A0,7(B02870F;>(
6,7:;(\l(40(`a\a>(&;125/8;702(G75F;(60-;7.,(<.28=7.9,>
6,7:;(oa(40(`a\a>('/[704;(#077,1;O(F07.;4.28,(V(,58;7(/.37;(R;2(
F,7,9;2>
'37./(k(40(`a\a>(%AJ1(&0F04,O(70F702018,180(,(/,(&J-,7,>(
'37./(\^(V(`^(40(`a\a>(R5.2(G;1:J/0:O(?0[0("1.4,4(N,9.;1,/(40(
E.29,/D,2(F,7,(/,(!528.9.,(V(/,(*,:>
'37./(\l(40(`a\a(01(S,//045F,7>('18;1.;(&,/A;O(9;;74.1,4;7(2040(
&02,7(40(/,(&NBB>(
'37./(\l(40(`a\aO(01(S,//045F,7>(&;;74.1,4;7(40/(**$*(40('99.=1(
#;9.,/>(
'37./(`k(40(`a\a>(R5.2(G;1:J/0:O(?0[0("N!*>
'37./(`_(40(`a\a>(&,7/;2(G;74.//;O(c29,/(40("N!*>(
'37./(oa(40(`a\a>('/4;(&DA.9;O(F07.;4.28,>(
6,V;(](40(`a\a>(B;2,(6,7U,7.8,(&;770,O(019,7U,4,(40(/,(E.29,/D,(
G0107,/(40(/,(N,9.=1(01(-,807.,(40(3.0102(F,87.-;1.,/02(40187;(
40/(F7;902;(40(/,(R0V(jkl>(
!51.;( oO( lO( `o( V( oa( 40( `a\a>( E071,14;( *,70?,O( A.90c29,/( U0107,/(
40(/,(N,9.=1(V(R5.2(G;1:J/0:O(?0[0("N!*O(!C01.[07(6;?.9,(E/=70:O(
40/0U,4,( 40/( 6.1.2807.;( 40( %1807.;7( V( 40( !528.9.,O( <07-02( '74./,(
Z5.18,1,O( ?0[0( 40( /,( "1.4,4( N,9.;1,/( '18.8077;7.2-;O( 6,7U,7.P
8,(&;770,O(40/0U,4,(40(/,(!0[,857,(40(/,("1.4,4(40(!528.9.,(V(*,:O(
@,.2V(!,7,-.//;(V(<./8;1(&;770,O(c29,/02(40(/,("1.4,4(40(!528.9.,(
V( *,:O( #,147,( 6,7D,( B;?,2O( 40[012;7,( 70U.;1,/( '18.;b5.,O( *,;/,(
`a\
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
&,4,A.4O(019,7U,4,(40/(&;-F;10180(40(B028.859.=1(40(I.0102(40(
/,(&;-.2.=1(N,9.;1,/(40(B0F,7,9.=1(V(B09;19./.,9.=1O(2040('1P
8.;b5.,O(V(*,87.9.,(I57.8.9JO(-.0-37;(40(/,(&;-.2.=1(N,9.;1,/(40(
B0F,7,9.=1(V(B09;19./.,9.=1(40(&;/;-3.,>
6,V;( `k( 40( `a\a>( G;1:,/;( #J19C0:O( 9;;74.1,4;7( '6<( 40( /,(
&NBB>(
!51.;(`o(40(`a\a>(6,7D,($0702,(B;1407;2O(40(S074,4('3.078,>(
'U;28;(\k(40(`a\a>(6.0-37;2(40(/,(G%+(V(40(/,(&;-.2.=1(N,9.;P
1,/(40(B0F,7,9.=1(V(B09;19./.,9.=1>(
'U;28;(\j(40(`a\a>(*./,7(SJ2b50:(V(G/,4.2(&0/0.40(*7,4,O(40(/,(
G%+>(
N;A.0-370(_(40(`a\a>(&,7/;2('/3078;(#502951(I,7=1(V(6,V7,(!;P
C,11,($01?;(<578,4;O(-.0-37;2(40(/,("$R(40/(B0F702018,180(,(/,(
&J-,7,(L./2;1('7.,2>(
N;A.0-370(\l(40(`a\\>('18;1.;(G,79D,(V(&,7/;2(#5J70:O(,3;U,4;2(
40(E7044V(B014=1(V(#,/A,8;70(6,1952;>(
E03707;(`a(40(`a\\>(K1870A.28,(9;1([519.;1,7.;2(40(/,(*7;957,45P
7D,(01(I59,7,-,1U,>
6,7:;(`oP`l(40(`a\\>('18;1.;(6,7D,(&,/A;(#./A,O(9;;74.1,4;7(40(
/,(#040(B0U.;1,/(S,//045F,7(40(/,(&NBB>(#0(A.2.8=(/,(&J790/(!54.P
9.,/(40(S,//045F,7(F,7,(01870A.28,7(,(/;2(402-;A./.:,4;2(40/(I/;b50(
N;780(40(/,2('&&"(F;285/,4;2(,/(*7;902;(40(!528.9.,(V(*,:>
6,7:;( `]( 40( `a\\>( B,[,0/( N;7.0U,O( .1A028.U,4;7( 40/( &$%( 40( /,(
EGN>(
6,V;(l(40(`a\\>(@,A.4(+,FFO(,3;U,4;(40(B;47.U;($;A,7(*5F;>(
6,V;(\`(V(o(V(?51.;(j(40(`a\\>(6,790/;(X/A,70:(V(@,1.0/(6.//,702O(
6'**PQK'
2?R+!B*R?*;!2SD+;8;+mD
'&N"BO( LLL>'&N"B>QBG( X(%! 8,*K0(%! G.$&.%9.%! *$! 7(0(9K#.>(
K1g(C88FgqqYYY>,9157>;7Uq.140p>FCFt.4ƒF,UŠkoo]>
0%$%0)+'$%-")O(YYY>9,7,9;/>9;->9;(
`a`(
$#I#$#*0"%&
X.!)*0!c0(J,*!<.-CI-(!)*!0.%!.,&()*G*$%.%!&.9K#T$!%*'C.!,$.!G.0%.!)*%9(;#0#W
U.-#5$Q(K1g(C88FgqqYYY>9,7,9;/>9;->9;q3/;U>,2Fpt.4Š\]o^]^_
".$-,%(!)*-0.'.!)*%)*!0(%!44Q!>>Q!.$&*!0.!7('&*!=,8'*9.!)*!7(0(9K#.>(
&;125/8,4;( 0/( j( 40( ,U;28;( 40( `a\a>( K1g( C88FgqqYYY>9,7,9;/>
9;->9;q1;8,>,2Fpt.4Š_\_`l_>
H-,8.$!K#*$*%!)*!".$-,%(!8('!Yd!9#00($*%!)*!)50.'*%O(&;125/8,4,(0/(j(
40(-,V;(40(`a\a>(6,V;(\](40(`aa_>(
<.09#-,0&('*%!)*&*$#)(%!&*$C.$!,$.!*98'*%.!-'#9#$.03(E.29,/D,>(&;125/P
8,4,(0/(``(40(-,V;(40(`a\a>(K1g(C88FgqqYYY>9,7,9;/>9;->9;q
1;8.9.,2q?54.9.,/qF,/-.95/8;702P40801.4;2P801.,1P51,P0-F702,P
97.-.1,/Pc29,/.,q`a\aal``q1;8,q\oa`\al>,2Fp(
?.e0!49#0#(!E.%Ke$O!*`!L*G*!)*0!c0(J,*!c.$.$*'(!)*!0.%!:>7O!*98*U.W
'f!.!'*$)#'!#$).A.&('#.!)*%)*!2(/>(&;125/8,4,(0/(j(40(-,V;(40(`a\a>(
K1g(C88FgqqYYY>9,7,9;/>9;->9;q1;8,>,2Fpt.4Š^ok_\j
0#*!$)' -#' /#-")&' "*-#.#*-"#*!#&' -#' 0)+)/B"%>( X(%! $,*W
;(%! A',8(%! .'9.)(%! )*! 7(0(9K#.g( 0/( 9,2;( 40( /,( 9;28,( &,7.30>( *;7(
%18071,8.;1,/(&7.2.2(G7;5F>(#0F>(`oO(`aak>(&;125/8,4,(0/(j(40(
,U;28;( 40( `a\a>( K1gC88Fgqq9;/;-3.,>.14V-04.,>;7Uq-,./>
FCFt.4Šk`]^`„9;--0182ŠV02>
0)+#0!",)'-#'%B)F%-)&'C)&J'%+,#%$'$#&!$#.)K00%C%$
>$!.0&(!)#'#A*$&*!)*!>'#K*!K*$*I-#.)(!)*!0(%!8.'.9#0#&.'*%>(K1g(C88Fgqq
YYY>9;/098.A;40,3;U,4;2>;7Uq"NP'R$QP@%B%GKN$KP
@KP"B%IK
0)/"&"2*'*%0")*%+'-#'$#.%$%0"2*'('$#0)*0"+"%0"2*O(
YYY>9177>;7U>9;(
7??c! *$&'*A5! gh! -.%(%! -(980*&(%! )*! '*%&#&,-#5$! )*! &#*''.%! .! "#$.A'#W
-,0&,'.>(&;125/8,4,(0/(`](40([03707;(40(`a\\>(K1g(C88FgqqYYY>
-,FFP;0,>108q.140p>FCFt;F8.;1Š9;-ƒ9;18018„A.0YŠ,78.9/0
„.4Š_`\„9,8.4Š_o„%80-.4Šj]
4$&'*A.!)#'*-&.!)*!K#*$*%!#$9,*K0*%Q(&;125/8,(40/(\`(40([03707;(40(
`a\\>( K1g( C88FgqqYYY>9177>;7U>9;q7028.859.;1qC8-/q7028.85P
9.;1ƒ01870U,>C8-/
`ao
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
X.! I$-.! G.;('#&.! )*! =.0;.&('*! ".$-,%(! ;,*0;*! .! %,%! ),*i(%>( &;125/P
8,( 40/( j( 40( 1;A.0-370( 40( `a\a>( K1g( C88FgqqYYY>9177>;7U>9;q
9;1801.4;qaj0q2F.F>FCFt,78.9/0\lo]
<.'.%! $(! &#*$*$! 80.&.O! %,%! &*%&.G*''(%! 0.! (-,0&.$>( &;125/8,4;( 0/( k( 40(
,U;28;( 40( `a\a>( K1g( C88FgqqYYY>9177>;7U>9;q9;1801.4;qaj0q
2F.F>FCFt,78.9/0\oo]
#+'0)+)/B"%*)L'
MMM5#+0)+)/B"%*)50)/'
BC-&#9.%!)*!".$-,%(!)#-*$!J,*!G.0&.$!.0A,$.%!;*').)*%>(&;125/8,(40/(
\a( 40( -,7:;( 40( `a\\>( K1g( C88FgqqYYY>0/9;/;-3.,1;>9;-q
I,19;&;1;9.-.018;qSqA.98.-,2ƒ40ƒ-,1952;ƒ4.901ƒb50ƒ
[,/8,1ƒ,/U51,2ƒA074,402qA.98.-,2ƒ40ƒ-,1952;ƒ4.901ƒb50ƒ
[,/8,1ƒ,/U51,2ƒA074,402>,2Ft&;4#099.;1Šk
#+'#&.#0!%-)$L'
YYY>0/02F098,4;7>9;-(
40!8'#9*'!-.8C&,0(!)*!0.!M8.'.*-($(9C.N>(&;125/8,4,(0/(j(40(-,7:;(
40( `a\\>( K1g( C88FgqqYYY>0/02F098,4;7>9;-qF,7,-./.8,7.2-;q
,78.95/;P`a]la]P0/PF7.-07P9,F.85/;P40PF,7,09;1;-.,
4$!0.!',&.!)*!0(%!7.%&.i(>(&;125/8,(40/(`a(40(,U;28;(40(`a\a>(K1g(
C88Fgqq->0/02F098,4;7>9;-q.-F702;q95,4071.//;,q.1A028.U,P
9.;1q,78.95/;.-F702;P758,P40P/;2P9,28,1;(
4$&'*!*0!)*%8(L(!/!*0!)*%80.U.9#*$&(>(&;125/8,(40/(\`(40([03707;(40(
`a\\>( K1g( C88FgqqYYY>0/02F098,4;7>9;-q.-F702;q1,9.;1,/q
,78.95/;P`lal^]P01870P0/P402F;?;PVP0/P402F/,:,-.018;
P#*''.!)*!72#;(0(!8.'.!0.%!;C-&#9.%>(&;125/8,(40/(`a(40(-,7:;(40(
`a\\>( K1g( C88FgqqYYY>0/02F098,4;7>9;-q.-F702;q?54.9.,/q
,78.95/;P`lko_aP8.077,P40P9C.A;/;PA.98.-,2(
[<'*$)*'f!%,!;*$&#0.)('!D#('A#(!=.0*\!&;125/8,(40/(`a(40([03707;(40(
`a\`>( K1g( C88Fgqq->0/02F098,4;7>9;-q.-F702;q80-,40/4.,q
,78.95/;Po`l\__PF701407,P25PA018./,4;7PU.;7U.;P2,/0(
=*!*$&'*A5!*0!*%0.K5$!8*')#)(>(&;125/8,(40/(`a(40(-,7:;(40(`a\\>(
C88FgqqYYY>0/02F098,4;7>9;-q.-F702;q?54.9.,/q,78.95/;P
`l^]^^P20P01870U;P0/P02/,3;1PF074.4;
`a](
$#I#$#*0"%&
>'#K*!M-(A(K*'$5N!-($!M$.'-(8.'.9#0#&.'*%N!),'.$&*!(-2(!.i(%>(&;125/8,(
40/(\](40(-,7:;(40(`a\\>(K1g(C88FgqqYYY>0/02F098,4;7>9;-q
1;8.9.,2qF;/.8.9,q,78.95/;P``ao\kP57.30P9;U;3071;P1,79;F,7,P
-./.8,702P457,180P;9C;P,1;2
#+' >#$%+-)O(<07-,1,(40(&,28,T;(/0(A014D,(8.077,2(,(I)*-#02$K
-)B%O(,U;28;(`k(40(`a\\>
#+'/1*-)50)/O("7,3J(4030(-.7,7(;87,2(F;2.3./.4,402>(&;125/8,4,(
0/(\a(40(,U;28;(40(`a\a>(K1g(C88FgqqYYY>0/-514;>9;-q2.8.;q1;P
8.9.,ƒ408,//0>FCFt.49507F;Š\„429507F;Š#099.|Eo1|`a'„.420
99.;1Š_„422099.;1Š'18.;b5.,„.41;8.9.,Š\]\`o„.-,U01Š„A/
Š\„7Š3529,4;7>FCF(
KR(*'ˆ#O!K/(-,V;7(402F;?,4;(02(0/(G;3.071;(N,9.;1,/>(&;125/8,P
4,(0/(`a(40(-,7:;(40(`a\`>(K1g(C88FgqqYYY>0/F,.2>9;->9;q0/F,.2q
9;/;-3.,q1;8.9.,2q-,V;7P402F;?,4;PU;3.071;
#+'."+2*L'
MMM5#+."+)*50)/50)
&$%( &,F857,( ,( ,/.,2( yK/( R/,107;z( 20T,/,4;( 40( 402F/,:,-.018;(
[;7:,4;>(&;125/8,(40/(`](40(-,7:;(40(`a\\>(K1g(C88FgqqYYY>
0/F./;1>9;->9;q.1.9.;q98.P9,F857,P,P,/.,2P|K`|_a|j&0/P
//,107;|K`|_a|j@P201,/,4;P40P402F/,:,-.018;P[;7:,4;q
'/.,2( ‹@.0U;( S09.1;z( ,20U57=( b50( *;28;3=1( F,U,3,( A,95P
1,2( ,( ‹!;7U0( ]aŒ>( K1g( C88FgqqYYY>0/F./;1>9;->9;q.1.9.;q
,/.,2P|K`|_a|j_4.0U;PA09.1;|K`|_a|jjP,20U57;Pb50P
F;28;3;1PF,U,3,P|K`|_a|j_A,951,2|K`|_a|jjP,P
|K`|_a|j_?;7U0P]a|K`|_a|jjq
y$;/0-,.4,z(0pF/.9=(9;-;(y!;7U0(]az(20(9;1A.78.=(01(0/(-J2(80P
-.4;( 8077,801.0180( 40/( 6,U4,/01,>( K1g( C88FgqqYYY>0/F./;1>
9;->9;q.1.9.;q|K`|_a|j_8;/0-,.4,|K`|_a|jjP0pF/.9;P
9;-;P|K`|_a|j_?;7U0P]a|K`|_a|jjP20P9;1A.78.;P01P0/P
-,2P80-.4;P8077,801.0180P40/P-,U4,/01,qO(-,7:;(`\(40(`a\\>(
#+'!"#/.)L'
MMM5#+!"#/.)50)/'
`al
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
c,%-.!*0!8'#$-#8#(!)*!(8('&,$#).)!.!-.9K#(!)*!*$&'*A.'!K#*$*%!8.'.!0.!'*8.'.W
-#5$!)*!;C-&#9.%>(K1g(C88FgqqYYY>0/8.0-F;>9;-q?528.9.,q0pP02F;P
2,P40P-,1952;PF04.7,PF7.19.F.;P40P;F;7851.4,4ƒ\a]aoj^_P]
ZY!8,*K0(%!G.$&.%9.%Q!=*8&#*9K'*!hj!)*!Yjjg>(K1g(C88FgqqYYY>0/P
8.0-F;>9;-q,79C.A;q4;95-018;q6'6P^^k_\o(
498'*%.!)*!M".-.-(N!%*!M-(05N!*$&'*!K*$*I-#.'#.%!)*!80.&.!)*0!<0.$!7(W
0(9K#.>( K1g( C88FgqqYYY>0/8.0-F;>9;-q,79C.A;q4;95-018;q
&6#Plo`k]^k
4$&'*! 0(%! 00.9.)(%! .! L,#-#(! 2./! 8(0C&#-(%O! *98'*%.'#(%! /! *`! 8.'.9#0#&.W
'*%>( &;125/8,( 40/( \_( 40( ,37./( 40( `a\\>( K1g( C88Fgqq->0/8.0-P
F;>9;-q?528.9.,q402F;?;P40P8.077,2P40P9,-F02.1;2P01P0/P
9C;9qj\k\`_`
4$&'*;#%&.!.!?()'#A(!(!1(K0*!7*'(>O(20F8.0-370(40(`aao>
F#%-.0C.!(')*$.!9f%!-.8&,'.%!8('!$*`(%!)*!*98'*%.'#(%!-($!8.'.9#0#&.'*%>(
&;125/8,(40/(\_(40(,U;28;(40(`a\\>(K1g(C88FgqqYYY>0/8.0-F;>
9;-q,79C.A;q4;95-018;q&6#Pk^a`^j\
y+('A*! ZjN! '*-($(-#5! )*%.8.'#-#5$! )*! k! #$;*%&#A.)('*%! )*0! 7P@! ),'.$W
&*! .,)#*$-#.! )*! +,%&#-#.! /! <.U>( &;125/8,( 40/( \_( 40( ,37./( 40( `a\\>(
K1g( C88FgqqYYY>0/8.0-F;>9;-q,79C.A;q4;95-018;q&6#P
o^`_o`]
".A#%&'.)(! )*! c,-.'.9.$A.! 8#)#5! )*;(0;*'! I$-.! .0! 8.8.! )*! ".$-,%(Q(
K1g(C88FgqqYYY>0/8.0-F;>9;-q?528.9.,q-,U.287,4;P40P359,7,P
-,1U,PF.4.;P40A;/A07Pc19,P,/PF,F,P40P-,1952;ƒ\a`\`]`^P]
"#$.A'#-,0&,'.!&#*$*!*$!0.!9#'.!.!0(%!"($&*%!)*!".'C.Q(K1g(C88Fgqq->
0/8.0-F;>9;-q?528.9.,q/;2P-;1802P40P-,7,P0281P01P/,P-.7,P
40/P-.1.2807.;P40P,U7.95/857,q_al]\a\
y"($(0*-2*N!%*i.0.!.!dj!&*%&.G*''(%!*$&'*!*98'*%.'#(%!/!A.$.)*'(%!)*!"($W
&*'C.O!:$&#(J,#.!/!B.00*>(&;125/8,4,(0/(\^(40(?5/.;(40(`a\a>(K1g(
C88FgqqYYY>0/8.0-F;>9;-q9;/;-3.,q?528.9.,q'B$%&"RQP
LKIP*R'N$%RR'ƒNQ$'ƒ%N$KB%QBP^]a`]`_>C8-/
l,#T$!*%!E,A*%!?()'CA,*U!F,*$&*%O!.0#.%!Mc.'K#*N>(K1g(C88FgqqYYY>
0/8.0-F;>9;-q,79C.A;q4;95-018;q&6#Polk\j]a
`a^(
$#I#$#*0"%&
?#&(!:0*L(!8#)*!%*'!.K%,*0&(!)*0!8'(-*%(!)*!2(9#-#)#(>(&;125/8,(40/(\_(
40(1;A.0-370(40(`a\\>(K1g(C88FgqqYYY>0/8.0-F;>9;-q?528.9.,q
'B$%&"RQPLKIPNKLƒNQ$'ƒ%N$KB%QBP\al\\oal>
C8-/
<.'J,*%!6.-#($.0*%O!(&'(!*%-*$.'#(!)*0!)*%8(L(!)*!&#*''.%>(K1g(C88Fgqq->
0/8.0-F;>9;-qF;/.8.9,q0/P402F;?;P40P8.077,2P01P/;2PF,7b502P
1,9.;1,/02q\akl`aal
=,8,*%&(!8.'.9#0#&.'!E,A,*%!?()'CA,*UO!G,A#&#;(!*$!7(0(9K#.O!;#;*!-59(W
)(!*$!4%&.)(%!>$#)(%>(K1g(C88FgqqYYY>0/8.0-F;>9;-q9;/;-3.,q
?528.9.,q'B$%&"RQPLKIP*R'N$%RR'ƒNQ$'ƒ%N$KP
B%QBPkk\ako`>C8-/
"-#%&'.%NL'
MMM5"-#%&.%N5)$F'
'95074;(E.1,/(40/(\l(40([03707;(40(\jj\>
6'**PQK'O(C88FgqqYYY>-,FFP;0,>108(B028.859.=1O(8.077,(V(/,(
9;1287599.=1(40(F,:>(&;125/8,(40/(\l(40(4.9.0-370(40(`a\a>(K1g(
C88FgqqYYY>-,FFP;0,>108q.140p>FCFt;F8.;1Š9;-ƒ9;18018„
A.0YŠ,78.9/0„.4Šk\^„%80-.4Šj`
+%'&"++%',%03%L'
YYY>/,2.//,A,9.,>9;-(
:%C!%*!-($-*$&'5!0.!&#*''.!*$!"($&*%!)*!".'C.Q(K1g(C88FgqqYYY>/,2.//,P
A,9.,>9;-qC.28;7.,q,2.P20P9;190187;P/,P8.077,P01P/;2P-;1802P
40P-,7.,P`llo]
7#$-(!-(%.%!J,*!8()'f!2.-*'!=.$&(%!8('!0.%!;C-&#9.%!*$!;*U!)*!9.'-2.'Q(
K1g( C88FgqqYYY>/,2.//,A,9.,>9;-qC.28;7.,q9.19;P9;2,2Pb50PF;P
47.,PC,907P2,18;2PF;7P/,2PA.98.-,2P01PA0:P40P-,79C,7Poajka
X.%!&#*''.%!)*!0.!8(%A,*''.>(K1g(C88FgqqYYY>/,2.//,A,9.,>9;-qC.2P
8;7.,qlo]^
X(!J,*!8',*K.$!0(%!9*9('.$)(%!)*!72#J,#&.!c'.$)%>(&;125/8,(40/(\o(
40(,37./(40(`a\\>(K1g(C88FgqqYYY>/,2.//,A,9.,>9;-qC.28;7.,q/;P
b50PF7503,1P/;2P-0-;7,14;2P40P9C.b5.8,P37,142P`o\ko
`ak
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
[<.'.! J,#T$!%*!)*%9#$.\>(K1g(C88FgqqYYY>/,2.//,A,9.,>9;-qC.28;P
7.,qolk^
*)!"0"%&'7:L'
YYY>1;8.9.,2`]>9;-(
X.! #'.! )*! M+('A*! ZjN! .0! %*'! *`&'.)#&.)(>( &;125/8,4,( 0/( `j( 40( ?5/.;(
40( `a\a>( K1g( C88FgqqYYY>1;8.9.,2`]>9;-q,985,/.4,4q1;8.P
9.,q\]\_oq/,P.7,P40P?;7U0P]aP,/P207P0p87,4.8,4;q
$%-")'F1%!%.1$3O(
YYY>7,4.;U5,8,F57.>9;-(
:K%,*0&(!)#'*-&('!)*0!@67H14?!*$!*0!7*%.'>(K1g(C88FgqqYYY>7,P
4.;U5,8,F57.>9;-q.140p>FCFt;F8.;1Š9;-ƒ9;18018„A.0YŠ,7
8.9/0„.4Š`k_`g,3250/8;P4.7098;7P40/P.19;407P01P0/P902,7„9,8.4
Šojg?54.9.,/„%80-.4Šll
$0*L'$%-")L'
YYY>7917,4.;>9;-(
H')*$!)*!-.8&,'.!-($&'.!:,A,%&(!7.%&'(!<.-2*-(O!.0#.%!mP,&(!7.%&'(n>(
K1g( CC88FgqqYYY>7917,4.;>9;-q1;8.9.,2q?54.9.,/q\_Pa^P\aq
;7401P40P9,F857,P9;187,P,5U528;P9,287;PF,9C09;P,/.,2P858;P
9,287;
$%N2*'.OB+"0%O(
MMM5$%N)*.1B+"0%50)/'
X.!$,*;.!0*/!%(K'*!)*%9(;#0#U.)(%3!$#!;*').)O!$#!L,%&#-#.!$#!'*8.'.-#5$Q(
&;125/8,(40/(\_(40(,37./(40/(`a\\>(K1g(
C88FgqqYYY>7,:;1F53/.9,>9;-q.140p>FCFt;F8.;1Š9;-ƒ
9;18018„A.0YŠ,7 8.9/0„.4Š\jklg/,P150A,P/0VP2;370P
402-;A./.:,4;2P1.PA074,4P1.P?528.9.,P1.P70 F,7,9.;1P
„9,8.4Š`ag09;1;-.,PVP2;9.04,4„%80-.4Š`j
$#,"&!%'0%/B")L'
YYY>9,-3.;>9;->9;(
X(%!-2*J,*%!R-2#9K(%V!)*!".$-,%(Q(K1g(C88FgqqYYY>9,-3.;>9;->
9;qF,.29,-3.;qko_q'B$%&"RQPLKIPNQ$'ƒ%N$KP
B%QBƒ&'6I%QPo^_l\`^>C8-/
`a_(
$#I#$#*0"%&
<'#9(! *$! 8'(K0*9.%>( K1g( C88FgqqYYY>9,-3.;>9;->9;qF;78,4,P
9,-3.;qk`lq'B$%&"RQP*B%N$KBƒEB%KN@R)P*B%NP
$KBƒEB%KN@R)ƒ&'6I%QPol^\klj>C8-/
$#,"&!%'.$"&/%L'
YYY>70A.28,F7.2-,>9;->9;(
+(%T!HK),0#(!D.;#'#.!*%&.'C.!#$;(0,-'.)(!*$!(&'(!-(980(&>(K1g(C88Fgqq
YYY>70A.28,F7.2-,>9;->9;qF7.2-,q.140p>FCFt;F8.;1Š9;-ƒ
9;18018„A.0YŠ,78.9/0„.4Š]]_g?;20P;345/.;PU,A.7.,P028,7.,P
.1A;/597,4;P01P;87;P9;-F/;8„9,8.4Šklg,985,/.4,4P.1[;7-,8.P
A,(
$#,"&!%'&#/%*%L'
YYY>20-,1,>9;-(
7($G*%#($*%! )*! E.%Ke$>( K1g( C88FgqqYYY>20-,1,>9;-qF7;902;P
40PF,:q9;1[02.;102PC,2351q\\^`alPo>,2Fp
7($;*'%.-#($*%!8*0#A'(%.%>(&;125/8,(40/(\`(40(1;A.0-370(40(`a\a>(
K1g(
C88FgqqYYY>8077,>9;->9;q,985,/.4,4q,78.95/;qC8-/q
,95\]lo_>C8-C88FgqqYYY>20-,1,>9;-qY[ƒ%-F7.-.7'78.95/;>
,2Fpt%4'78Š\a^aoo
40!7(98,&.)('!)*!M+('A*!ZjNO(20F8.0-370(`(40(`aa^>(&;125/8,4,(0/(
o( 40( ,U;28;( 40( `a\a>( K1g( YYY>20-,1,>9;-q1;8.9.,2P1,9.;1q
9;-F58,4;7P?;7U0P]aqj^k_l>,2Fp
40!$*A(-#(!)*!0(%!8.'.%!*$!P,0.8.%>(K1g(C88FgqqYYY>20-,1,>9;-q
1,9.;1q10U;9.;PF,7,2P85/,F,2q\^]^k_Po>,2Fp
E.K0.! B#-*$&*! 7.%&.i(>( K1g( C88FgqqYYY>20-,1,>9;-qF;78,4,q
C,3/,PA.90180P9,28,1;q_k^`_Po>,2Fp
E.%&.!".'#(!>'#K*!%*!K*$*I-#5!-($!:A'(!@$A'*%(!=*A,'(>(K1g(#0-,1,>
9;-(
X.!-($*`#5$!1:=W:>7>(&;125/8,(40/(\o(40(?5/.;(40(`a\a>(K1g(
C88FgqqYYY>20-,1,>9;-q1;8.9.,2P1,9.;1q9;10p.;1P4,P
2,59qjk_]^>,2Fp
X.!8.09.!9.0)#&.>(&;125/8,(40/(\`(40(,U;28;(40(`a\a>(K1g(YYY>
20-,1,>9;-qY[ƒ%-F7.-.7'78.95/;>,2Fpt%4'78Š_llj]
`aj
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
X.%!-($G*%#($*%!)*!E.%Ke$>(K1g(C88FgqqYYY>20-,1,>9;-qF7;90P
2;P40PF,:q9;1[02.;102PC,2351q\\^`alPo>,2Fp
&1.#$"*!#*-#*0"%' -#'*)!%$"%-)' ('$#F"&!$)K&*$O(=,8*'$(&.'#.)(!
)*&*-&.!#''*A,0.'#).)*%!*$!-(98'.;*$&.!)*!&#*''.%!*$!>'.KfO(40/(`^(40(,U;2P
8;(40(`a\a>(K1g(YYY>25F071;8,7.,4;>U;A(
!#$$%50)/(P*'-*'.!8.'&*!)*!9#$.!)*!-.'K5$!9f%!A'.$)*!)*!X.&#$(.9T'#-.!
*%!)*!,$!8.'.9#0#&.'>(&;125/8,4,(0/(\o(40(,U;28;(40(`a\a>(K1g(C88Fgqq
YYY>8077,>9;->9;q,985,/.4,4q,78.95/;qC8-/q,95\]lo_>C8,%*F1%$-"%50)/L'
YYY>A,1U5,74.,>9;-(
h<07-,1( '7.,2( G,A.7.,( -0( 4.;( /,( /.9019.,( F,7,( 970,7( -.(
&QNS%S%Bg( ".$-,%(i>( K1g( C88FgqqYYY>A,1U5,74.,>9;-q
C.28;7.9;q\o]\`PC07-,1P,7.,2PU,A.7.,P-0P4.;P/,P/.9019.,PF,7,P
970,7P-.P9;1A.A.7bP-,1952;
"*9('#.!>=c!'*;*0.!0(%!%*-'*&(%!)*!7.'0(%!7.%&.i(>(K1g(C88FgqqYYY>
A,1U5,74.,>9;-q,79C.A;qo^^oP-0-;7.,P523P70A0/,P/;2P20970P
8;2P40P9,7/;2P9,28,1;
hB053.9,1(,(,/.,2(yI,-(I,-z(87,2(401519.,(40(.18018;(40(,20P
2.1,8;i>( K1g( C88FgqqYYY>A,1U5,74.,>9;-qC.28;7.9;q_kk_^P
7053.9,1P,P,/.,2P3,-P3,-P87,2P401519.,P40P.18018;P40P,202.P
1,8;
=,8*'#$&*$)*$&*! )*! 6(&.'#.)(! /! ?*A#%&'(! .%*A,'5! J,*! *%&f! -*'-.! )*! 9.W
I.%!J,*!'(K.$!&#*''.%>(K1g(C88Fgqq->A,1U5,74.,>9;-q,985,/.4,4q
9;/;-3.,q\`_`a_P25F07.180140180P40P1;8,7.,4;PVP70U.287;P
,20U57;Pb50P028,P9079,P40P-,c,2P
,#$-%-%B"#$!%L(
YYY>A074,4,3.078,>9;-(
:! #$).A.&('#.O! &'*%! )#'*-&#;(%! $('&*.9*'#-.$(%! )*! 72#J,#&.! c'.$)%! @$->(
&;125/8,4,( 0/( `( 40( ?51.;( 40( `a\a>( K1g( C88FgqqYYY>A074,4,P
3.078,>9;-qF,7,09;1;-.,q0p8;72.;1q`a]aP,P.14,U,8;7.,P8702P
4.7098.A;2P1;780,-07.9,1;2P40P9C.b5.8,P37,142P.19>
`\a(
$#I#$#*0"%&
:!L,#-#(!*`!A(K*'$.)('!+,.$!+(%T!72.,`!8('!M8.'.8(0o&#-.NO(K1g(C88Fgqq
YYY>A074,4,3.078,>9;-qA.98.-,7.;2q/;2P3/;b502qo\]_P,P?5.P
9.;P0pPU;3071,4;7P9C,5pPF;7PF,7,F;/.8.9,
[:!J,#T$!0*!-($;#*$*!0.!-($)*$.!)*!+('A*!6(A,*'.\(K1g(C88FgqqYYY>
A074,4,3.078,>9;-q9;-F;1018q9;18018q,78.9/0qklP4,2P
U,80qoo`]P0/PU;3.071;PF.012,Pb50P02P3501;Pb50P,P-.P-0P
9;140101P?;7U0P1;U507,
:%C! %*! '(K.'($! *0! A(0G(! )*! "(''(%J,#00(>( K1g( C88FgqqYYY>A074,4,P
3.078,>9;-qF,7,09;1;-.,q`^k_P,2.P20P7;3,7;1P,/PU;/[;P40P
-;77;2b5.//;
c.$.$.! M8.'.W'*8,K0#-N>( &;125/8,4,( 0/( \]( 40( -,V;( 40( `a\a>(
K1g(
C88FgqqYYY>A074,4,3.078,>9;-qF,7,09;1;-.,q
0p8;72.;1q]_oP3,1,1,PF,7,P70F53/.9P>
c0(J,*!c.$.$*'(Q!7($%,0&.).!*0!Yh!)*!L,0#(!)*!Yjgj>(K1g(C88FgqqYYY>
A074,4,3.078,>9;-qA.98.-,7.;2q/;2P3/;b502q_o`P3/;b50P3,1,P
107;>
c0(J,*!=#$e!/!=.$!+('A*>(&;125/8,4,(0/(\](40(;985370(40(`a\a>(K1g(
C88FgqqYYY>A074,4,3.078,>9;-qA.98.-,7.;2q/;2P3/;b502q]``P
3/;b50P2.15PVP2,1P?;7U0(
7.K(! ".-2.)(NO! )*! 9#0#&.'! .! #$%&',-&('! )*! M8.'.%N! )*0! 7.&.&,9K(>(
K1g(
C88FgqqYYY>A074,4,3.078,>9;-q9;-F;1018q9;18018q
,78.9/0qo^P?0[02qooj_P9,3;P-,9C,4;P40P-./.8,7P,PF,7,P40/P9,P
8,85-3;
7.8&,'.! )*! '*$&.%! 8eK0#-.%>( K1g( C88FgqqYYY>A074,4,3.078,>9;-q
F,7,09;1;-.,q9,F857,P40P7018,2PF53/.9,2qo`]`P/;2P10U;9.;2P
40P/;2PF,7,2
7.$-#00*'!)*!0.%!:>7O!8(%&,0.)(!.!+,%&#-#.!/!<.U>(&;125/8,4,(0/(l(40(
,37./(40(`a\\>(C88FgqqYYY>A074,4,3.078,>9;-q/,PC.28;7.,qoal\P
P9,19.//07P40P/,2P,59PF;285/,4;P,P?528.9.,PVPF,:
7.'K5$!/!%.$A'*!*$!0.%!&#*''.%!)*!M+('A*!ZjN>(&;125/8,4,(0/(l(40(,37./(40(
`a\\>(K1g(C88FgqqYYY>A074,4,3.078,>9;-qF,7,09;1;-.,q`_\^P
9,73;1PVP2,1U70P01P/,2P8.077,2P40P?;7U0P]a
`\\
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
7(9(!0(%!8.'.%!%*!&(9.'($!*0!8()*'!*$!6('&*!)*!=.$&.$)*'>(K1g(C88Fgqq
YYY>A074,4,3.078,>9;-q?528.9.,PVPF,:q`l]kP9;-;P/;2PF,7,2P
20P8;-,7;1P0/PF;407P40P1;780P40P2,18,1407(
7($)*$.$!.!Zj!.i(%!.!a0;.'(!R40!D(')(V!D.'-C.>(K1g(C88FgqqYYY>
A074,4,3.078,>9;-qF,7,F;/.8.9,q```jP9;1401,1P,P]aP,1;2P,P
,/A,7;P0/PU;74;PU,79.,
7($G*%#($*%!)*!.0#.%!m?.%A,i(nO(01g(C88FgqqYYY>0/02F098,4;7>9;-q
1;8.9.,2q?54.9.,/q,78.95/;P`kj]_]P9;1[02.;102P40P,/.,2P7,2U51;
7('&*!=,8'*9.!$#*A.!*`&'.)#-#5$!)*!M1#*A(!B*-#$(N>(&;125/8,4,(0/(`o(
40(-,V;(40(`a\a>(K1g(C88FgqqYYY>A074,4,3.078,>9;-q?528.9.,P
VPF,:q``\_P9;780P25F70-,P1.0U,P0p87,4.9.;1P40P4.0U;PA09.1;
1*&*$#)(! +*%e%! ".'C.! X58*U! D59*UO( 0p( U;3071,4;7( 40( &=74;3,>(
K1g( C88FgqqYYY>A074,4,3.078,>9;-q70,7-,4;2q__jP40801.4;P
0pPU;3071,4;7P40P9;74;3,P/;F0:PU;-0:P
M1#*A(! B*-#$(NO! 4)S.'! 7(K(%! PT00*U>( &;125/8,4,( 0/( k( 40( ?5/.;( 40(
`a\a>( K1g( C88FgqqYYY>A074,4,3.078,>9;-qA.98.-,7.;2q/;2P
?0[02q^_]PF07c/P04Y,7P9;3;P80//0:P,/.,2P4.0U;PA09.1;
1(-*!8.'.9#0#&.'*%!G,*'($!A,C.%!)*0!*LT'-#&(!*$!(8*'.-#5$!DT$*%#%3!M40!:0*W
9f$N>( K1g( C88FgqqYYY>A074,4,3.078,>9;-q?528.9.,PVPF,:q`\`jP
4;90PF,7,-./.8,702P[507;1PU5.,2P40/P0?079.8;P01P/,P;F07,9.;1P
U0102.2
1(0*!&.9K#T$!I$.$-#5!8.'.9#0#&.'*%!*$!7(0(9K#.O!%*Ae$!)*9.$).>(K1g(
C88FgqqYYY>A074,4,3.078,>9;-qF,7,09;1;-.,q\`kaP4;/0P
8,-3.01Pc1,19.;PF,7,-./.8,702P01P9;/;-3.,P20U51P40-,14,P
20-,1,9;R1($!".'#(V!)#-*!J,*!Z!9#0!2*-&f'*.%!)*!8.09.!*%&f$!*$!8()*'!)*!R8.W
'.%V>(&;125/8,4,(0/(\l(40([03707;(40(`a\`>(K1g(C88FgqqYYY>A07P
4,4,3.078,>9;-q9;-F;1018q9;18018q,78.9/0qo_l`P4;1P-,7.;P
4.90Pb50PF.7,8,P8.010P]P-./PC098,70,2P40PF,/-,(
1(%! ;*-*%! )*%8(L.)(%>( &;125/8,4,( 0/( \k( 40( ?51.;( 40( `a\a>( K1g(
C88FgqqYYY>A074,4,3.078,>9;-qF,7,09;1;-.,q8.077,2q\\\\P
4;2PA0902P402F;?,4;2
`\`(
$#I#$#*0"%&
M40! :0*9f$NO! F'*))/! ?*$)5$! E*''*'.>( K1g( C88FgqqYYY>A074,4,P
3.078,>9;-qA.98.-,7.;2q/;2P?0[02qk\^PF07c/P[7044VP7014;1PC0P
7707,P,/.,2P0/P,/0-,1
40!)#$*'(!)*0!K.$.$(!%#';#5!8.'.!I$.$-#.'!0.!A,*''.>(K1g(C88FgqqYYY>
A074,4,3.078,>9;-q1519,P-,2q]`P,202.1,8;2P20/098.A;2q_ljP
1.P/,2P3,/,2P,9,3,7;1P9;1P2.187,.1,U7;(
40!D(K#*'$(!J,#%(!-.00.'9*>(K1g(C88FgqqYYY>A074,4,3.078,>9;-q
9;-F;1018q9;18018q,78.9/0q_oP?5.9.;2qo\o_P0/PU;3.071;Pb5.P
2;P9,//,7-0P,/.,2PCC
40!A,.').*%8.0).%!)*!".$-,%(>(&;125/8,4,(0/(\k(40(?51.;(40(`a\a>(
K1g( C88FgqqYYY>A074,4,3.078,>9;-qA.98.-,7.;2q/;2P?0[02q_\P
,54.019.,2ql]lP0/PU5,74,02F,/4,2P40P-,1952;P
R40!@67H?:!Zj!/!%,%!X.)'($*%R>(K1g(C88FgqqYYY>A074,4,3.07P
8,>9;-q.140p>FCFt;F8.;1Š9;-ƒ9;18018„.4Šo\]]
40! 9*.! -,08.! )*! 72#J,#&.! c'.$)%>( &;125/8,4,( 0/( \^( 40( -,V;( 40(
`a\a>( K1g( C88FgqqYYY>A074,4,3.078,>9;-qF,7,09;1;-.,q
0p8;72.;1q\\k_P0/P-0,P95/F,P40P9C.b5.8,P37,142
M40!"($(!".$-,%(NO!=.0;.&('*!".$-,%(>(&;125/8,4,(0/(\a(40(?5/.;(
40( `a\a>( K1g( C88FgqqYYY>A074,4,3.078,>9;-qA.98.-,7.;2q/;2P
?0[02qka]PF7503,
40! <fL.'(O( K1g( C88FgqqYYY>A074,4,3.078,>9;-q?528.9.,PVPF,:q
A072.;102q_aPA072.;102qjo_P0/PF,?,7;P
40!8'(G*%('!J,*!.%*%('5!.!0(%!8.'.9#0#&.'*%>(K1g(C88FgqqYYY>A074,P
4,3.078,>9;-q9;-F;1018q9;18018q,78.9/0qo^P?0[02qo``\P0/P
F7;[02;7Pb50P,202;7;P,P/;2PF,7,-./.8,702
40! &('&,(%(! -.9#$(! )*! 0.! '*%&#&,-#5$! )*! &#*''.%>( &;125/8,4,( 0/( \a(
40( ?5/.;( 40( `a\a>( K1g( C88FgqqYYY>A074,4,3.078,>9;-q
F,7,09;1;-.,q\]\_P0/P8;785;2;P9,-.1;P40P/,P7028.859.;1P40P
8.077,2
40!;*$&#0.)('!)*!?.G.*0!D.'-C.>(&;125/8,4;(0/(`_(40(?51.;(40(`a\a>(
K1g( C88FgqqYYY>A074,4,3.078,>9;-qF,7,F;/.8.9,q1,9.;1,/q
4,2PU,80q]_^P0/PA018./,4;7P40P7,[,0/PU,79.,
`\o
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
4%&',-&,'.%!<.'.9#0#&.'*%3!,K#-.-#5$!A*(A'fI-.!_!:,&()*G*$%.%!)*!"($&*%!
)*!".'C.!c0(J,*!6('&*>(&;125/8,4,(0/(`(40(;985370(40(`a\a>(K1g(
C88FgqqYYY>A074,4,3.078,>9;-q04.8;702q-5/8.-04.,2q028759P
857,2q028759857,2ƒ.187;>C8-/
4%&',-&,'.%!<.'.9#0#&.'*%3!,K#-.-#5$!A*(A'fI-.!_!c0(J,*!7.&.&,9K(!cQ!
6('&*>(&;125/8,4,(0/(o\(40(;985370(40(`a\a>(K1g(C88FgqqYYY>
A074,4,3.078,>9;-q04.8;702q-5/8.-04.,2q028759857,2q028759P
857,2ƒ.187;>C8-/>(
4`! *%8(%.! )*! ".$-,%(! %(0#-#&.'f! 8'#$-#8#(! )*! (8('&,$#).)Q! K1g(
88FgqqYYY>A074,4,3.078,>9;-q.140p>FCFt;F8.;1Š9;-ƒ
9;18018„.4Šol^o
4`&'.)#&.)(! p;*'! B*0(U.O! .0#.%! MEEN>( &;125/8,4,( 0/( \o( 40( ?51.;(
40( `a\a>( K1g( C88FgqqYYY>A074,4,3.078,>9;-q?528.9.,PVPF,:q
0p87,4.8,4;2qj_kP0p87,4.8,4;P0A07PA0/;:,P,/.,2PCC
F#%-.0C.!.K'*!#$;*%&#A.-#5$!.!G,$-#($.'#(%!)*0!@67H?:q@67H14?>(
KNg( C88FgqqYYY>A074,4,3.078,>9;-q70,7-,4;2q\l_P9,F857,P
40P7018,2PF53/.9,2qoal`Pc29,/.,P.1A028.U,P,P87,3,?,4;702P40/P
.19;407PVP0pP[519.;1,7.;2PF;7P7;3;P40P8.077,2>( &;125/8,4,( 0/(
\`(40(,37./(40(`a\`>(
F#%-.0C.!-(9*$U5!#98,&.-#5$!)*!ggY!-'C9*$*%!.!=.0;.&('*!".$-,%(>(&;1P
25/8,4,(0/(\`(40(,U;28;(40(`a\a>(K1g(C88FgqqYYY>A074,4,3.078,>
9;-q?528.9.,PVPF,:q0p87,4.8,4;2q\o`aP9;-.01:,P.-F58,9.;1P
40P2,c29,/.,P9;-01:;P.-F58,9.;1P40P\\`P97.-0102P,P2,/A,8;P
70P-,1952;/A,8;70P-,1952;P01P?528.9.,PVPF,:P
D*$*'.0!6.'.$L(!/!MEEN!)*-0.'.$!-($&'.!*`!)#'*-&('!)*!F#%-.0C.%>(&;1P
25/8,4;(0/(\a(40([03707;(40(`a\\>(K1g(C88FgqqYYY>A074,4,3.078,>
9;-q9;1d.98;PC;VqlaP70,7-,4;2qjl_PU0107,/P;29,7P1,7,1?;P
VPCCP7,8.c9,1P802.2P40P/,Pc29,/.,P9;187,P0pP4.7098;7P40Pc29,P
/.,2P40P-040//.1PU5.//07-;P/0;1PA,/019.,>(
@98,&.'f$! Yrj! -'C9*$*%! .! ".$-,%(! /! 9#*9K'(%! )*0! c0(J,*! 7.&.&,9W
K(>( K1g( S074,4'3.078,O( K1g( C88FgqqYYY>A074,4,3.078,>9;-q
A.98.-,7.;2q`jj`P.-F58,7,1P`jaP97.-0102P,P-,1952;PVP
-.0-37;2P40/P3/;b50P9,8,85-3;
`\](
$#I#$#*0"%&
MEEN!)*-0.'.!-($&'.!*`!)#'*-&('!)*!F#%-.0C.%>(K1g(C88FgqqYYY>A074,P
4,3.078,>9;-q9;1d.98;PC;VqlaP70,7-,4;2qjl_PU0107,/P;29,7P
1,7,1?;PVPCCP7,8.c9,1P802.2P40P/,Pc29,/.,P9;187,P0pP4.7098;7P
40Pc29,/.,2P40P-040//.1PU5.//07-;P/0;1PA,/019.,
MEEN! '.&#I-.! $*`(%! -($! %*$.)('! +,.$! 7.'0(%! ".'&C$*U>( &;125/8,4;(
0/(\a(40([03707;(40(`a\\>(K1g(C88FgqqYYY>A074,4,3.078,>9;-q
F,7,F;/.8.9,qoa\jPCCP7,8.[.9,P10p;2P9;1P0pP201,4;7P?5,1P
9,7/;2P-,78.10:(
MEEN! %*! .-(A*! .! %*$&*$-#.! .$&#-#8.).Q( &;125/8,4;( 0/( \a( 40( [0370P
7;( 40( `a\\>( K1g( C88FgqqYYY>A074,4,3.078,>9;-q9;-F;1018q
9;18018q,78.9/0ql]PU0107,/02q`l\^PCCP20P,9;U0P,P2018019.,P
,18.9.F,4,PF;7P\oP,202.1,8;2
C88FgqqYYY>A074,4,3.078,>9;-qA.98.-,7.;2q/;2P?0[02qo`^P
b9,28,1;P028,P-5078;b(
C88FgqqYYY>A074,4,3.078,>9;-qA.98.-,7.;2q/;2P?0[02qoa\P/,P
9,907.,
E#L(%!)*!%#$)#-.0#%&.%!.%*%#$.)(%!8()'f$!#$#-#.'!L,#-#(!-($&'.!1',99($)Q(
K1g(
C88FgqqYYY>A074,4,3.078,>9;-qF,7,09;1;-D,qoa\oP
C.?;2P40P2.14.9,/.28,2P,202.1,4;2PF;47J1P.1.9.,7P?5.9.;P9;187,P
475--;14
+*G*%WM40!.0*9f$NO!F'*))/!?*$)5$!E*''*'.>(&;125/8,4,(0/\`(40(-,V;(
40( `a\a>( K1g( C88FgqqYYY>A074,4,3.078,>9;-qA.98.-,7.;2q/;2P
?0[02qk\^PF07c/P[7044VP7014;1PC07707,P,/.,2P0/P,/0-,1
+*G*%WMEENO! +(%T! p;*'! B*0(U.! D.'-C.Q! 7($%,0&.).! *0! r! )*! 9.'U(! )*!
Yjgj>( K1g( C88FgqqYYY>A074,4,3.078,>9;-qA.98.-,7.;2q/;2P
?0[02q^l_PF07c/P?;20P0A07PA0/;:,P,/.,2PCC
+,%&#-#.!/!<.U!-($A*0.!K#*$*%!)*!&*%&.G*''(%!)*!M+('A*!ZjNV>(&;125/8,4,(
0/(\j(40(,U;28;(40(`a\a>(K1g(C88FgqqYYY>A074,4,3.078,>9;-q
F,7,09;1;-.,q`lkaP?528.9.,PVPF,:P9;1U0/,P3.0102P40PF70251P
8;2P8028,[077;2P40P?;7U0P]a
X.!)*%9(;#0#U.-#5$3!,$!A'.$!.-&(!)*!G*!]=4":6:^>(&;125/8,4,(0/(
\l( 40( ,37./( 40( `a\a>( K1g( C88FgqqYYY>A074,4,3.078,>9;-q/,P
`\l
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
C.28;7.,qF07.;4;]q402-;A./.:,9.;1PVP402,7-0q\^lP51PU7,1P
,98;P40P[0
MX.! M8.'.W8(0C&#-.N>( &;125/8,4;( 0/( \]( 40( ;985370( 40( `a\a>( K1g(
C88FgqqYYY>A074,4,3.078,>9;-qF,7,F;/.8.9,q`ljlP/,PF,7,PF;P
/.8.9,
X.!'*%&#&,-#5$!)*!0.%!&#*''.%!*$!P,'K(!*%!,$.!'*.0#).)>(K1g(C88FgqqYYY>
A074,4,3.078,>9;-q.140p>FCFt;F8.;1Š9;-ƒ9;18018„.4Šoll\
X.!&*0.'.i.!)*!0(%!m8.'.%n!*$!>'.Kf>(K1g(C88FgqqYYY>A074,4,3.07P
8,>9;-q9;-F;1018q9;18018q,78.9/0q\j^PF,7,F;/.8.9,qoooaP
/,P80/,7,1,P40P/;2PF,7,2P01P57,3,
X.!;*'%#5$!)*!M40!=.9.'#(N!%(K'*!0.!1',99($)!/!0(%!M8.'.%N>(&;125/P
8,4,( 0/( o\( 40( -,7:;( 40( `a\\>( K1g( C88FgqqYYY>A074,4,3.078,>
9;-q9;-F;1018q9;18018q,78.9/0q\kkP01870A.28,q`j\_P/,PA07P
2.;1P40P2,-,7.;P2;370P/,P475--;14PVP/;2PF,7,2
X.%!;C-&#9.%!)*!".98,Lf$!.8*0.$!0.!8'#9*'.!%*$&*$-#.!)*!L,%&#-#.!/!8.U>(
&;125/8,4,(0/(l(40(,U;28;(40(`a\a>(K1g(C88FgqqYYY>A074,4,P
3.078,>9;-q?528.9.,PVPF,:q`loaP.F;7Pb50P/,2PA.98.-,2P,F0/,P
7;1P/,PF7.-07,P2018019.,P40P?528.9.,PVPF,:
(X(!J,*!)#L(!".$-,%(!-($&'.!".'#(!>'#K*>(K1g(C88FgqqYYY>A074,4,P
3.078,>9;-qA.98.-,7.;2q/;2P3/;b502q`k^aP/;Pb50P4.?;P-,195P
2;P9;187,P-,7.;P57.30P
X(%!c0(J,*%!F.$&.%9.%!%*Ae$!mEEs(K1g(C88FgqqYYY>A074,4,3.07P
8,>9;-q?528.9.,PVPF,:qoaj_P/;2P3/;b502P[,18,2-,2P20U51PCC(
X(%!7.%&.i(O!MX(%!P.$A,*'(%N!/!*0!('#A*$!)*0!c0(J,*!c.$.$*'(!*$!*0!>'.W
Kf>(K1g(C88FgqqYYY>A074,4,3.078,>9;-qA.98.-,7.;2qo`l\
X(%!)(-,9*$&(%!)*!72#J,#&.Q(K1g(C88FgqqYYY>A074,4,3.078,>9;-q
.140p>FCFt;F8.;1Š9;-ƒ9;18018„.4Šo\ko
X(%!D.$.)('*%!)*0!)*%8(L(>(&;125/8,4,(0/(`o(40(?5/.;(40(`a\a>(K1g(
C88FgqqYYY>A074,4,3.078,>9;-qF,7,09;1;-.,q\aajP/;2PU,1,P
4;702P40/P402F;?;20-,1,
X(%!A,.').)(%!)*!".$-,%(>(K1g(C88FgqqYYY>A074,4,3.078,>9;-q
/,PC.28;7.,qF07.;4;]q70F,7,9.;102P,PA.98.-,2ql^oP/;2PU5,74,P
4;2P40P-,1952;
`\^(
$#I#$#*0"%&
X(%!$*`(%!)*!0.!1',99($)!/!0(%!8.'.%!%*Ae$!mc.9!c.9>(K1g(C88Fgqq
YYY>A074,4,3.078,>9;-q70,7-,4;2q\l_P9,F857,P40P7018,2P
F53/.9,2qo\`lP/;2P10p;2P40P/,P475--;14PVP/;2PF,7,2P20U51P
3,-P3,X(%! 8.'.%! 7*%.'! <T'*U! /! *0! -2.$-*! *$! *0! >'.Kf>( K1g( C88FgqqA074,P
4,3.078,>9;-qF,7,09;1;-.,q`]joP/;2PF,7,2P902,7PF070:PVP0/P
9C,190P01P0/P57,3,
X(%!8.'.%!/!0(%!$*A(-#(%!)*0!K.$.$(!/!0.!8.09.>(K1g(C88FgqqYYY>A07P
4,4,3.078,>9;-qF,7,09;1;-.,q`]j`P/;2PF,7,2PVP/;2P10U;9.;2P
40/P3,1,1;PVP/,PF,/-,(
".A#%&'.)(! (')*$.! '*-#K#'! K#*$*%! )*! ".$-,%(>( K1g( C88FgqqYYY>
A074,4,3.07 8,>9;-q9;-F;1018q9;18018q,7 8.9/0ql]P
U0107,/02q`o`kP-,U.287,4;P;7401,P709.3.7P3.0102P40P-,1952;
".A#%&'.)(%!8()'f$!'*%&#&,#'!K#*$*%!'(K.)(%!8('!0(%!M8.'.%N!.!0.%!;C-&#9.%Q!
7($%,0&.)(!*0!Yt!)*!G*K'*'(!)*!Yjgg>(K1g(C88FgqqYYY>A074,4,3.07P
8,>9;-q9;-F;1018q9;18018q,78.9/0q]]PF7;902;2P?54.9.,/02P
?528.9.,PVPF,:q`k`lP-,U.287,4;2PF;47,1P7028.85.7P3.0102P7;3,P
4;2PF;7P/;2PF,7,2P,P/,2PA.98.-,2
".$-,%(! .-*8&5! $*`(%! -($! D#('A#(! =.0*>( K1g( C88FgqqYYY>A074,4,P
3.078,>9;-q?528.9.,PVPF,:q_aPA072.;102P2099.;1qj]oP-,1952;P
,90F8;P10p;2P9;1PU.;7U.;P2,/0
"*)#).!.!".$-,%(!8('!9.%.-'*!)*!%*#%!8*'%($.%!*$!H;*L.%>(K1g(C88Fgqq
A074,4,3.078,>9;-qA.98.-,7.;2q/;2P?0[02qo]\^P-04.4,P,P-,1P
952;PF;7P-,2,970P40P20.2PF072;1,2P01P;A0?,2
6(%! J,#*'*$! *`&'.)#&.'! -,.$)(! *98*U.9(%! .! 2.K0.'! )*! 8(0C&#-(%! /! *9W
8'*%.'#(%>(&;125/8,4,0/(\j(40(,U;28;(40(`a\a>(K1g(C88FgqqYYY>
A074,4,3.078,>9;-qA.98.-,7.;2q01870A.28,q\`\^P1;2Pb5.0701P
0p87,4.8,7P95,14;P0-F0:,-;2P,PC,3/,7P40PF;/.8.9;2P-./.8,702P
VP0-F702,7.;2
[l,#T$!9#*$&*!*$&'*!R1($!".'#(V!/!<#'.&.\(&;125/8,4,(0/(_(40(-,7P
:;( 40( `a\`>( K1g( C88FgqqYYY>A074,4,3.078,>9;-qF,7,09;1;P
-.,>
`\k
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
<.'.9#0#&.'!.%*A,'.!J,*!".)*'.%!)*0!1.'#T$!I$.$-#5!.!0.%!:>7Q!7($W
%,0&.).!*0!Y!)*!L,0#(!)*!Yjgj>(K1g(C88FgqqYYY>A074,4,3.078,>9;-q
F,7,09;1;-.,q`]kkPF,7,-./.8,7P,20U57,Pb50P-,407,2P40/P4,P
7.01Pc1,19.;P,P/,2P,59
M<*')5$O! 9#0! ;*-*%! 8*')5$N3! =.0;.&('*! ".$-,%(>( K1g( C88FgqqYYY>
A074,4,3.078,>9;-q9;-F;1018q9;18018q,78.9/0q\kkP
01870A.28,qo\k]PbF074;1P-./PA0902PF074;1bP2,/A,8;70P-,195P
2;
<'#9*'.!'*%&#&,-#5$!L,)#-#.0!)*!&#*''.%!*$!0.!=#*''.!6*;.).>(&;125/8,P
4,(0/(`o(40(4.9.0-370(40(`a\\>(K1g(C88FgqqYYY>A074,4,3.078,>
9;-q?528.9.,PVPF,:q`^__PF7.-07,P7028.859.;1P?54.9.,/P40P8.0P
77,2P01P/,P2.077,P10A,4,
m?.9K(nO! F#)*0! 7.%&.i(O( K1g( C88FgqqA074,4,3.078,>9;-q.140p>
FCFt;F8.;1Š9;-ƒ9;18018„.4Š^j]
=*Ae$!".$-,%(!<*)'(!+,.$!"('*$(!./,)5!.!0.%!:>7!.!9($&.'!7($;#W
;#'!*$!>'.Kf>(K1g(C88FgqqYYY>A074,4,3.078,>9;-q9;-F;1018q
9;18018q,78.9/0q_aPA072.;102q\\_`P20U51P-,1952;PF047;P
?5,1P-;701;P,V54;P,P/,2P,59P,P-;18,7P9;1A.A.7P01P57,3,
=,-*)#5!*$!0.!'*8eK0#-.!#$)*8*$)#*$&*!)*!mX.!=(9K'*'($.n(K1g(C88Fgqq
YYY>A074,4,3.078,>9;-qF,7,09;1;-.,q^o`P25904.;P01P/,P70P
F53/.9,P.140F014.0180P40P/,P2;-3707;1,
MhrNO!1.;#)!E*'$f$)*U!?(L.%>(&;125/8,4,(0/(\`(40(,37./(40(`a\\>(
K1g(C88FgqqYYY>A074,4,3.078,>9;-qA.98.-,7.;2q/;2P?0[02q^k]P
F07c/P4,A.4PC071,140:P7;?,2P,/.,2Poj>
P#*''.!8'(9*&#).!*$!X.!c*00.-',U>(&;125/8,4,(0/(\l(40(;985370(40(
`a\\>( K1g( C88FgqqYYY>A074,4,3.078,>9;-q9;-F;1018q9;1P
8018q,78.9/0q\l_P9,F857,P40P7018,2PF53/.9,2qoloaP8.077,PF7;P
-08.4,P01P/,P30//,975:
P#*''.%3![0.!(&'.!A,*''.!8.'.9#0#&.'!*$!0(%!X0.$(%\>(&;125/8,4,(0/(\o(
40([03707;(40(`a\`>(K1g(C88FgqqYYY>A074,4,3.078,>9;-q9;-P
F;1018q9;18018q,78.9/0qo_laPP8.077,2P./,P;87,PU5077,PF,7,-./.P
8,7P01P/;2P//,1;2(
MP(0*9.#).NO! H%-.'! +(%T! H%8#$(! <.-2*-(Q! 7($%,0&.).! *0! gY! )*! .K'#0! )*!
Yjgg>( K1g( C88FgqqYYY>A074,4,3.078,>9;-qA.98.-,7.;2q/;2P
?0[02q^kkPF07c/P40P;29,7P?;20P;2F.1;PF,9C09;P,/.,2P8;/0-,.4,P
`\_(
$#I#$#*0"%&
P,&*0.!G'*$.!L,#-#(!.!?#&(!:0*L(!)*0!?C(>(K1g(C88FgqqYYY>A074,4,P
3.078,>9;-qF,7,F;/.8.9,q`ljoP8580/,P[701,P?5.9.;P,P7.8;P,/0?;P
40/P7.;
B#-*$&*! 7.%&.i(! G,*! *0! -*'*K'(! )*! 0.! *`8.$%#5$! R8.'.V! mB*-#$(n>(
K1g(
C88FgqqYYY>A074,4,3.078,>9;-q9;-F;1018q9;18018q
,78.9/0qo^P?0[02qololPA.90180P9,28,1;P[50P907037;P40P/,P0pP
F,12.;1PF,7,PA09.1;
B#-&#9.'#(%!W!c0(J,*!p09*'!7f')*$.%O(4.2F;1.3/0(01g(C88FgqqYYY>
A074,4,3.078,>9;-qA.98.-,7.;2q/;2P3/;b502q]\^P3/;b50P0/P
-07P9,7401,2P40P57,3,P
MMM'$%-")50)/'
=*-'*&.'#(!)*!<.0.-#(!u$#*A.!.-*'-.9#*$&(!-($!*0!8.'.9#0#&.'!?()'#A(!v.8.&.>(
K1g(C88FgqqYYY>Y7,4.;>9;->9;q1;8,>,2Fpt.4Šk_oolk
R!;S2?D]!B*;!DBSb]8R!B
%$%*F)L'$5(e`aa_f>(1*'*-2(%!2,9.$(%!-(9(!0C9#&*!.!0.!)*9(-'.-#.3!.$f0#W
%#%!)*!0.!X*/!)*!+,%&#-#.!/!<.U>(I;U;8Jg(G75F;(K4.8;7.,/(N;7-,>(
%$%*F1$#*L'/5(e`aa\f>("#!-($G*%#5$Q!7.'0(%!7.%&.i(!D#0!'*;*0.!%,%!%*W
-'*&(%>(I;U;8Jg(K4.8;7.,/(QA0?,(N0U7,>(
B#$*%+L'05(e`aa^f>(4;.0,.-#5$!)*0!9.'-(!$('9.&#;(!)*0!.-&,.0!8'(-*%(!)*!
)*%9(;#0#U.-#5$!/!'*#$%*'-#5$!.!0.!0,U!)*!0(%!*%&f$).'*%!$.-#($.0*%!*!#$&*'$.W
-#($.0*%! )*! )*'*-2(%! 2,9.$(%O! )*'*-2(! #$&*'$.-#($.0! 2,9.$#&.'#(! /! )*'*-2(!
#$&*'$.-#($.0!8*$.V>(K1g(*GNO(#0U5.-.018;(,(F;/D8.9,2(FW3/.9,2(01(
-,807.,(40(402-;A./.:,9.=1(V(70.12079.=1>($;-;(\O(I;U;8JO(@>(&>(
0","0)L'%5(e`aajf>(X.%!A,*''.%!)*!R1(K0*-*'(V>(6,47.4g(%1807-04.;>(
`aaj>
-1*0%*L'F5(e`aakf>(X(%!%*i('*%!)*!0.!A,*''.>(I;U;8Jg(*/,108,>(
I%C%$-)L'-5(e`a\af>(@$G('9*!%(K'*!&#*''.%O!+,%&#-#.!/!<.U>(6.-0;>(
F%$%('P')!$)&5'
e`aajf(X.!'*-($IA,'.-#5$!-((8&.).!)*0!4%&.)(3!9f%!.00f!)*!0.!-($-*8-#5$!
&'.)#-#($.0!)*!-.8&,'.!*-($59#-.!)*0!4%&.)(Q(@.2F;1.3/0(01g(
`\j
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
C88FgqqYYY>87,12F,7019.,9;/;-3.,>;7U>9;q*;78,/2qaq&,F85P
7,|`a40/|`aK28,4>F4[ (
e`a\af(?*)*%!)*!8()*'!*$!7.%.$.'*!/!0.!7(%&.!:&0f$&#-.Q(K1g(R{*K+O(
&>(e`a\af>
F)*NQ+#NL'05(e`aa^f>(K0!9#&(!)*!0.!J,#*K'.!)*0!4%&.)(!8('!0.!?*8.'.-#5$>(
B0A.28,(*518;(40(K1950187;(N;>(ojO(I;U;8JO(20F8.0-370(40(`aa^O(
K1g(C88FgqqYYY>.140F,:>;7U>9;q,88,9C-0182qojlƒ70A.28,ƒ*Kl`P
o>F4[>(
"BQ4#NL'%5'/5' ('/14)N(e`aajf>(D'.$! :&0.%!)*!0.!)#%&'#K,-#5$! )*!0.!
&*$*$-#.!)*!0.!&#*''.!]*$!8'*8.'.-#5$^>(&;1A01.;(%G'&P&K@KO(`aaj>
"BQ4#NL'%5'/5'e`aajf>(X.!-($-*$&'.-#5$!)*!0.!8'(8#*).)!','.0!*$!7(0(9W
K#.3!-($w#-&(O!)*%80.U.9#*$&(!G('U(%(!/!*G*-&(%!8'(),-&#;(%Q(@.2F;1.3/0(01g
C88FgqqYYY>709.18;40/F012,-.018;>9;-q97090q4;92q*702018,P
9.;102q`aajq#0-.1,7.;|`a1;A|`a^q&;190187,9.;1|`a40|`a
/,|`aF7;F.04,4|`a757,/ƒ'1,|`a6,7.,|`a%3,|&o|I\0:>F4[ (
R%+/%*),"!NL'&5(e`aa^f>(X.!.A'#-,0&,'.!-(0(9K#.$.!*$!*0!%#A0(!``Q!c(A(W
&f3!F($)(!)*!7,0&,'.!4-($59#-.Q(
+2.#NL'05(e`a\af>(x!'*G,$).'($!0.!8.&'#.Q!1*!-59(!9.I(%(%!/!8(0C&#-(%!
'*-($IA,'.'($!*0!4%&.)(!-(0(9K#.$(>(I;U;8Jg(@03,80O(`a\a>
/%0>%-)L'%5'e`aajf>(4$%./(%!8.'.!0.!2#%&('#.!)*!0.!8(0C&#-.!)*!&#*''.%!*$!
7(0(9K#.>(I;U;8JO(1;A.0-370>
/%$!3*#NL'F5'e`aa]f>(".$-,%(>(#5(A.4,>(I;U;8Jg(G75F;(K4.8;7.,/(
N;7-,>
/)$%L'C5(e`a\af(X.!&*$*$-#.!/!*0!,%(!)*!0.!&#*''.!*$!7(0(9K#.>(%1807A01P
9.=1(01(0/(*,10/(N;>(o(P(R,($01019.,(40(/,($.077,(V(/;2(B08;2(F,7,(
/,( #0U57.4,4( B57,/( 40/( #0-.1,7.;( #07.0( <;528;1>( 6040//D1( l( 40(
4.9.0-370(40(`a\a>(
$#(#&L'%5'
e`a\af>(?*%&#&,-#5$!)*!&#*''.%!/!'*(')*$.9#*$&(!)*!0.!8'(8#*).)!.A'.'#.>(
K1g( C88FgqqYYY>7,:;1F53/.9,>9;-q.140p>FCFqF;/.8.9,PVPU;P
``a(
$#I#$#*0"%&
3.071;P80-,2P`kq`^^]P7028.859.;1P40P8.077,2PVP70;7401,-.01P
8;P40P/,PF7;F.04,4P,U7,7.,>C8-/
e`aajf>(D,*''*'(%!/!-.98*%#$(%>(K/(402F;?;(40(/,(8.077,(01(&;/;-P
3.,>(I;U;8Jg(K4.8;7.,/(N;7-,>(
$)0>%L'%5(-#'+%'.$1#B%'#*'-#$#0>)L'B)F)!QO(\j^k>
$)/#$)L'/5O(V(;87;2>(
e`a\af>(X.!*-($(9C.!)*!0(%!8.'.9#0#&.'*%Q!?*)*%!)*!-('',8-#5$O!$*A(-#(%!/!
8(0C&#-.O(I;U;8JO(@>&>O(`a\a>
e`aakf>(<.'.8(0C&#-.Q!X.!',&.!)*!0.!*`8.$%#5$!9#0#&.'!/!0(%!.-,*')(%!8(0CW
&#-(%>(&;7F;7,9.=1(N50A;('79;D7.2>(
$)/#$)L'/5(e`aaof>(<.'.9#0#&.'*%!/!.,&()*G*$%.%!grtYWYjjhQ!@4<?@>(
&%+"*%&L'(5
e`a\`f>(?*%&#&,-#5$!)*!&#*''.%!/!&*''#&('#(%3!.$f0#%#%!/!'*-(9*$).-#($*%!*$!
8*'%8*-&#;.!)*!A(-*!*G*-&#;(!)*!)*'*-2(%>(@;95-018;(0/,3;7,4;(F,7,(0/(
&0187;(40(K2854.;2(**Q@BK(40(/,("1.A072.4,4(40(/;2('1402>(
e`a\\f>(40!-.%(!)*!+#A,.9#.$)5!/!7,';.'.)5Q![4%&'.&*A#.!-'#9#$.0!;#$W
-,0.).!.!,$!9()*0(!)*!)*%.''(00(!*-($59#-(\(K1g(C88FgqqYYY>/,2.//,P
A,9.,>9;-qC.28;7.,P.1A.8,4;q``^^aqV,-./0P2,/.1,2P,34,/,q0/P
9,2;P40P?.U5,-.,14;PVP957A,7,4;P0287,80U.,P97.-.1,/
e`a\af>(1#$f9#-.%!*$!*0!9*'-.)(!)*!0.!&#*''.!*$!:9T'#-.!X.&#$.3!40!-.%(!
7(0(9K#.O(E'Qg(`a\a>(e*014.0180(40(F53/.9,9.=1f>(
e`aa_f>( 1*'*-2(! .! 0.! '*8.'.-#5$! #$&*A'.0>( K1g( =*A,#9#*$&(! .! 8(0C&#-.%!
8eK0#-.%!*$!9.&*'#.!)*!)*%9(;#0#U.-#5$!/!'*#$%*'-#5$>($;-;(`>(*7;957,P
457D,(G0107,/(40(/,(N,9.=1>(
e`aa^P,f(X(%!;*'#-,*&(%!)*!0.!8.09.>(K1g(C88FgqqYYY>A.A,>;7U>9;q
9,?,A.785,/q2A9aao_q,78.95/;a_>F4[
e`aa^f>(<'(&*--#5$!/!A.'.$&C.!)*0!)*'*-2(!.!0.!8'(8#*).)!/!.!0.%!8(%*%#($*%!
)*!0.%!;C-&#9.%!)*0!-($w#-&(>(@;95-018;(0/,3;7,4;(F,7,(/,(*7;957,P
457D,(G0107,/(40(/,(N,9.=1(V(0/(%&$!>(I;U;8JO(-,V;>(
&#$$%*)L'%5(e`aajf>(<.'.-(%Q!1*K.&*>(
&)!)L'/5(V(;87;2(e`aakf>(40!8()*'O![8.'.!J,T\!".)'#)g(%1807-04.;>(
``\
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
,%$#+%L'M5O(:$&#(J,#.!/!72(-5!%*!*$G'*$&.$!*$!,$.!M9#$#A,*''.N!8('!8.09.!
)*!.-*#&*O!('(O!$CJ,*0O!-(K'*!/!8*&'50*(O(4.2F;1.3/0(01g(YYY>F7.-07,F,U.P
1,>9;->9;q6;287,7@;95-018;*53/.9;>,2Fpt.4>>>
1*F%$L'#5(e`a\af(hR0V02(40(09;1;-D,(,U7,7.,O(s.18018;2(F,7,(/0U,P
/.:,7(0/(402F;?;t(&;1801.4;(V(87J-.80(/0U.2/,8.A;i>(K1g(R=F0:>(
+DX!>2?B*R?*!>[8D+B2!B*+D]?>D8;+!D8b?B
B%*0)'/1*-"%+(e`aaaf>(:$&#-('',8&#($!#$!P'.$%#&#($3!:!7($&'#K,&#($!
&(!&2*!<(0#-/!1*K.&*>(I,19;(6514.,/O(L,2C.1U8;1(@>(&g(`aaa>
0)$!#' "*!#$%/#$"0%*%' -#' -#$#0>)&' >1/%*)&K0)$!#' "->5'
e`aaof>(7.%(!-(9,$#).)*%!)*!+#A,.9#.$)5!/!7,';.'.)5!;%>(&;/;-3.,>(
"*!#$*%!")*%+'>1/%*'$"F>!&'+%M'0+"*"0K">$+0'e`a\af>(P',&2!c*W
2#$)! c.'%Q! 7(0(9K#.$! <.'.9#0#&.'/! X*.)*'%! #$! >Q=Q! 7,%&()/>( I07~0/0Vg(
"1.A072.4,4(40(&,/.[;71.,O(K2950/,(40(R0V02O(`a\a>
?D]+R8R?B*D8;+!D8b?B
%00"2*'&)0"%+(e`aakf>(D,.').K(%J,*%!)*!>'.Kf3!)*!L('$.0*'(%!;,0$*'.W
K0*%!.!*98'*%.'#(%!%(%&*$#K0*%QO([03707;(\j(40(`aak>
%00"2*'&)0"%+'K'.$)(#0!)'.$)!#00"2*'-#'!"#$$%&'('.%!$"/)*")'
-#'+%'.)B+%0"2*'-#&.+%N%-%K%00"2*'&)0"%+'K'..!.(e`a\af>(>$#W
).)*%!:A'C-(0.%!F.9#0#.'*%O!&*$*$-#.!/!.K.$)($(!G('U.)(!)*!&#*''.%Q!c(A(&fO!
1Q!7QO!)#-#*9K'*>
0Q/%$%'-#'$#.$#&#*!%*!#&'n(&X6'B'(e`a\af(@$G('9*!)*!<($*$W
-#.!8.'.!8'#9*'!)*K.&*Q!<'(/*-&(!)*!X*/!6e9*'(!gjk!)*!Yjgj!7f9.'.!<('!
0.!-,.0!%*!)#-&.$!9*)#).%!)*!.&*$-#5$!/!'*8.'.-#5$!#$&*A'.0!.!0.%!;C-&#9.%!)*!
;#(0.-#($*%!.!0(%!1*'*-2(%!E,9.$(%!*!#$G'.--#($*%!.0!1*'*-2(!@$&*'$.-#($.0!
E,9.$#&.'#(Q!_!:7>">X:1H!<'(/*-&(!)*!X*/!6(Q!td!)*!Yjgj!7fW
9.'.O!<('!0.!-,.0!%*!*%&.K0*-*$!$('9.%!&'.$%#-#($.0*%!8.'.!0.!'*%&#&,-#5$!)*!
&#*''.%>
0)/"&"2*'0)+)/B"%*%'-#'C1$"&!%&K00C(
e`a\af>(7(0(9K#.3!0.!9*&fG('.!)*0!)*%9.$&*0.9#*$&(!)*!0(%!A',8(%!8.'.W
9#0#&.'*%>(#0U514;(.1[;7-0(40(3,/,190(2;370(/,(,F/.9,9.=1(40(/,(
R0V(jkl(40(`aalO(I;U;8J>(
```(
$#I#$#*0"%&
e`aa_f>(+,%&#-#.!*$!7(0(9K#.!8'#9*'(O!*`&'.)#-#5$!)*%8,T%>(I;/08D1(N;>(
`_g(#07.0(2;370(/;2(40709C;2(40(/,2(AD98.-,2(V(/,(,F/.9,9.=1(40(
/,( R0V( jklO( I;U;8JO( o\( 40( ?5/.;>( @.2F;1.3/0( 01g( C88FgqqYYY>
9;/?57.28,2>;7Uq*;78,/2qaqI;/08|&o|'@1|`aN;|`a`_|`a
?5/.;o\>F4[>(
e`aakf>(=*'#*!%(K'*!0(%!)*'*-2(%!)*!0.%!;C-&#9.%!/!0.!.80#-.-#5$!)*!0.!X*/!
rkdO(I;/08D1(N;>(`aO(4.9.0-370(o>
0)/"&"2*'-#'&#F1"/"#*!)'%'+%'.)+3!"0%'.OB+"0%'&)B$#'
-#&.+%N%/"#*!)'I)$N%-)K0)/"&"2*
e`a\\f>(@$G('9*!I$.0!)*!&#*''.%O!7,.$&#I-.-#5$!/!;.0('.-#5$!)*!0.%!&#*''.%!
/!0(%!K#*$*%!.K.$)($.)(%!(!)*%8(L.)(%!.!0.!8(K0.-#5$!)*%80.U.).!*$!7(W
0(9K#.>(I;U;8JO(0107;(^>
0)/"&"2*'"*!#$#0+#&"%+'-#'C1&!"0"%'('.%NK0"C.'e`aalf>(X.!P'.W
9(/.3!1*'*-2(%!E,9.$(%!/!<.09.!:-*#&*'.Q!7,';.'.)5!/!+#A,.9#.$)5O(
I;U;8JO(;985370>(
0)/"&"2*'*%0")*%+'-#'$#.%$%0"2*'('$#0)*0"+"%0"2*'K'F$1.)'
-#'/#/)$"%'>"&!2$"0%'-#'+%'0*$$KF/>(
e`a\aP,f(X.!P#*''.!*$!1#%8,&.Q!"*9('#.%!)*0!)*%8(L(!/!'*%#%&*$-#.%!*$!
0.!-(%&.!7.'#K*O(%1[;7-0(40/(G75F;(40(60-;7.,(<.28=7.9,(40(/,(
&;-.2.=1( N,9.;1,/( 40( B0F,7,9.=1( V( B09;19./.,9.=1O( I;U;8JO(
@>&>O(`a\a>
e`a\af(X.!9.%.-'*!)*!40!%.0.)(3!*%.!A,*''.!$(!*'.!$,*%&'.Q(I;U;8JO(
`a\a>
0)$.)1$%BQ
e`aa^f>(-")'"$)*./&8'*%*$&5!$,*;(!#$G('9*!)*!G.9#0#.%!A,.').K(%J,*%!
)*!P,'K(O!6*-(-0C!/!=.$!<*)'(!)*!>'.KfO('F,78,4=O(?51.;(\o>(
e`aalf>(7($!0.!;#$-,0.-#5$!)*!gQgtg!G.9#0#.%!#$#-#.!8'(A'.9.!)*!G.9#W
0#.%!A,.').K(%J,*!*$!=.$!<*)'(!)*!>'.KfO('F,78,4=O(1;A.0-370(40(
`aal>
0)$!#'0)*&!"!10")*%+K'0)$!#
e`a\\f>( #018019.,( &Poka( 40( `aa^>( 6>( *>( 6,150/( !;2H( &0F04,O(
!,.-0(&=74;3,($7.A.T;O(B;47.U;(K29;3,7(G./O(6,79;(G07,74;(
``o
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
6;17;V(&,37,O(X/A,7;($,[57(G,/A.2(V(&/,7,(%1H2(S,7U,2(<07P
1J140:
(e`a\aP9f>(#018019.,(&Pjo^(40(`a\a>(6>(*>(R5.2(K71028;(S,7U,2(
#./A,>
e`a\aP,f>('58;(o_](40(`a\a>(
e`a\af>('58;(40/(\_(40(-,V;(40(`a\a>(
e`aajP3f>('58;(aa_(40(`aaj>(6>(*>(6,150/(!;2H(&0F04,(K2F.P
1;2,>
e`aajP,f>('58;(aal(40(`aaj>(6>(*>(6,150/(!;2H(&0F04,(K2F.P
1;2,>
e`aajf>('58;(aa](40(`aaj>(6>(*>(6,150/(!;2H(&0F04,(K2F.1;2,>
e`aa_f>('58;(aj`(40(`aaj>(6>(*>(6,150/(!;2H(&0F04,(K2F.1;2,>
e`aakP,f>(#018019.,($P_`\(40(`aak>(6>(*>(&,8,/.1,(I;807;(6,7.P
1;>(B0[>($P\>^]`>l^o>(
e`aakf>(#018019.,(&Pjl(40(`aak(2;370(0/(F7.19.F.;(40(;F;7851.P
4,4>
e`aa^f>(#018019.,2(&Po^a(40(`aa^O(&P]l](40(`aa^(V(&P(lkl(40(
`aa^(2;370(40709C;2(,(/,(A074,4O(?528.9.,(V(70F,7,9.=1(01(0/(-,7P
9;(40(/,(R0V(jkl(40(`aal>(
e`aa]f>( #018019.,( $Pa`l( 40( `aa]>( 6>( *>( 6,150/( !;2H( &0F04,(
K2F.1;2,>
e`aaof>(#018019.,(&Pk]a(40(`aao>(6>(*>(!,.-0(&=74;3,($7.A.T;>
;!>]?*BS<>?28*R?*5SB]+;+8U;B5
e`a\`P3f(#0U514,(%128,19.,>(K4U,7(%U1,9.;(E.077;(E/;702(V('1P
47H2(6,57.9.;($;7702(R0=1>(B,4>(o_>la_(P,1802(eo^>l^of>(6>(*>(
!;2H(R5.2(I,790/=(&,-,9C;>(I;U;8JO(@>&>O(?51.;(^(40/(`a\`>
e`a\`(n,f(#0U514,(%128,19.,>(!;7U0(%AJ1(R,A0740(+,F,8,>(B,4>(
†pp>( 6>*>( R5.2( G5.//07-;( #,/,:,7( Q807;>( I;U;8JO( @>&>O( ^( 40(
?51.;(40(`a\`>(
e`a\`f(R5.2('/3078;(G./(&,28.//;(V('/[;12;(B.,T;(&,28.//;>(B,4>(
o`>k^]O(I;U;8JO(@>&>O(\_(40(0107;(40(`a\`>
e`a\\P;f(#,/A,8;70(6,1952;(P(709;1;90(F7;F.04,4(,(#,/A,8;70(
6,1952;( @z'1U.;/0//,>( B,4>( ok>o_]>( 6>( *>( 6,7D,( 40/( B;2,7.;(
G;1:J/0:(40(R0-;2O(I;U;8JO(@>(&>O(\](40(4.9.0-370(40(`a\\>
``](
0)*0+1&")*#&
e`a\\PTf>(!;7U0('570/.;(N;U507,(&;802>(B,4>(o`>aaa>(I;U;8JO(@>(
&>O(\](40(20F8.0-370(40(`a\\>(
e`a\\P1f>(K4U,7(K5/.202($;7702(657.//;(V(Q4D1(<;7,9.;(#J19C0:(
6;1802(40(Q9,>(B,4>(o\>^lo>(I;U;8JO(@>(&>O(`k(40(?5/.;(40(`a\\>
e`a\\P-f>(#,/A,8;70(6,1952;(P(-04.4,2(9,580/,702(V(9;-F0801P
9.,($#@!(40(I59,7,-,1U,>(B,4>(o^>_lo>(6>(*>(6,7D,(40/(B;2,7.;(
G;1:J/0:(40(R0-;2O(I;U;8JO(@>(&>O(k(40(?5/.;(40(`a\\>(
e`a\\P/f>(<017V(B;47DU50:(G=-0:(P(9,190/,9.=1(40(8D85/;2>(B,4>(
ol>\_l>(6>(*>(#.U.[704;(K2F.1;2,(*H70:O(I;U;8JO(@>(&>O(_(40(?5P
1.;(40(`a\\>
(e`a\\P~f>(!5,1(&,7/;2(6,78D10:(#.1.28077,>(B,4>(oa>ajk>(I;U;8JO(
@>(&>O(_(40(?51.;(40(`a\\>
e`a\\P?f>( *q>( B,-=1( 6,7D,( %2,:,( V( Q87;2>( B,4>( o^>\^o>( 6>( *>(
'/[704;(G=-0:(Z5.1807;>(I;U;8J(@>(&>O(`^(40(-,V;(40(`a\\>
e`a\\P.f>( !;2H( %U1,9.;( B;/4J1( *H70:( P( 0p8.19.=1( 40( 4;-.1.;>(
B,4>(ol>oka>(6>(*>(E071,14;('/3078;(&,287;(&,3,//07;O(I;U;8JO(
@>(&>O(`l(40(-,V;(40(`a\\>
e`a\\PCf>(R5.2(<5-3078;(G=-0:(G,//;>(B,4>(o`>kj`>(I;U;8JO(
@>(&>O(`l(40(-,V;(40(`a\\>
(e`a\\PUf>(#0U514,(%128,19.,>(K4Y,7(&;3;2($H//0:(V("307(K1P
7.b50(I,1b50:(6,78D10:>(B,4>(o]>l]k>(6>(*>(6,7D,(40/(B;2,7.;(
G;1:J/0:(40(R0-;2>(I;U;8J(@>(&>O(`k(40(,37./(40(`a\\>
e`a\\P[f>( B,W/( K-./.;( <,23W1( 6014;:,( P( 9,190/,9.=1( 8D85/;2(
[7,545/018;2>(B,4>(o]>]\l>(6>(*>(E071,14;('/3078;(&,287;(&,P
3,//07;O(I;U;8JO(@>(&>O(oa(40(-,7:;(40(`a\\>(
e`a\\P0f>(K17.b50(B,[,0/(&,3,//07;('45H1>(B,4>(oo>]\^>(I;U;P
8JO(@>(&>O(j(40(-,7:;(40(`a\\>(
e`a\\P4f>( !;2H( @;-.1U;( @JA./,( '7-018,O( 0p( U;3071,4;7( 40/(
40F,78,-018;(40/(6,U4,/01,>(B,4>(o`>jj^>(I;U;8JO(@>(&>O(`o(40(
[03707;(40(`a\\>
e`a\\P9f>(6,7.;("7.30(K29;3,7>(B,4>(`k>j\_>(6>(*>(!,A.07(40(!0P
2W2(+,F,8,(Q78.:O(I;U;8JO(@>(&>O(`\(40([03707;(40(`a\\>
``l
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
e`a\\P3f>(<071J1(G.7,/4;(#071,O(N;73078;(Z5.7;U,(*;A04,(V(
!;2H(@,1.0/(6;7,(R=F0:(P(7028.859.=1(4.7098,>(B,4>(ol>l_`>(6>(
*>(!5/.;(K17.b50(#;9C,(#,/,-,19,O(I;U;8JO(@>(&>O(`(40([03707;(
40(`a\\>
e`a\\P,f>(B;47.U;($;A,7(*5F;(P(70A;9,8;7.,(8D85/;2(%N&Q@KB>(
B,4>(o]>^o]>(6>(*>(E071,14;('/3078;(&,287;(&,3,//07;O(I;U;8JO(
@>(&>O(\j(40(0107;(40(`a\\>
e`a\\f>(Q29,7(40(!02W2(R=F0:(&,4,A.4O(0p(U;3071,4;7(40/(40P
F,78,-018;(40/(G5,A.,70>(B,4>(oo`^a>(I;U;8JO(@>(&>O(\j(40(010P
7;(40(`a\\>(
e`a\aP~f>(B,-=1('18;1.;(S,/019.,(@5b50>(B,4>(oa>\`^>(I;U;P
8JO(@>(&>O(\](40(4.9.0-370(40(`a\a>
e`a\aP?f>(E7044V(B014=1(<07707,(P(9,190/,9.=1(40(8D85/;2>(B,4>(
o]>k]a>(6>(*>(!;2H(R0=1.4,2(I528;2(6,78D10:>(I;U;8JO(@>(&>O(\l(
40(20F8.0-370(40(`a\a>
e`a\aP.f>(B53H1(@,7D;(Z5.1807;(S.//,4,>(B,4>(o]>^lo>(I;U;8JO(
@>(&>O(`k(40(20F8.0-370(40(`a\a>(
e`a\aPCf>(<5-3078;(40(!02W2(I5./02(&;770,>(B,4>(`^>l_l>(I;U;P
8JO(@>(&>O(\k(40(,U;28;(40(`a\a>
e`a\aPUf>(!;7U0(40(!02W2(&,287;(*,9C09;>(B,4>(`j>`aa>(I;U;8JO(
@>(&>O(\`(40(-,V;(40(`a\a>
e`a\aP[f>( <071,14;( 6;/.1,( '7,5?;O( 0p( U;3071,4;7( 40/( &02,7>(
B,4>(o`>k\`>(I;U;8JO(@>(&>O(40/(l(40(-,V;(40(`a\a
e`a\aP0f>(X/A,7;('7,5?;(&,287;>(B,4>(`k>ao`>(I;U;8JO(@>(&>O(\_(
40(-,7:;(40(`a\a>
e`a\aP4f>(!;7U0(%AJ1(R,A0740(+,F,8,>(B,4>(oo>oa\>(6>(*>('/[704;(
G=-0:(Z5.1807;>(I;U;8JO(@>(&>O(\\(40(-,7:;(40(`a\a>
e`a\aP9f>(X/A,7;('/[;12;(G,79D,>(B,4>(o`>_al>(I;U;8JO(@>(&>O(`o(
40([03707;(40(`a\a>
e`a\aP3f>(#,/A,8;70(6,1952;(P(709572;(40(b50?,>(B,4>(oo>ol_>(6>(
*>('/[704;(G=-0:O(I;U;8JO(@>(&>O(`a(40([03707;(40(`a\a>
``^(
0)*0+1&")*#&
e`a\aP,f>(@.p;1(E0710V($,F,29;($7.A.T;>(B,4>(`^>l_]>(I;U;8JO(
@>(&>O(o(40([03707;(40(`a\a>(
e`a\af>( S.90180( I/0//( #,4>( B,4>( `o>a_`>( I;U;8JO( @>( &>O( `^( 40(
0107;(40(`a\a>
e`aajP[f>(G;1:,/;(G,79D,('1U,7.8,>(B,4>(`k>j]\>(I;U;8JO(@>(&>O(
\](40(4.9.0-370(40(`aaj>(
e`aajP0f>( #,/A,4;7( '7,1,( #52O( 0p( U;3071,4;7( 40( #5970>( B,4>(
o`>^k`>(I;U;8JO(@>&>O(o(40(4.9.0-370(40(`aaj>
e`aajP4f>(&qG.,1(&,7/;(G58.H770:>(6>(*>(B,4>(o`>a``>(#.U.[704;(
K2F.1;2,>(I;U;8JO(@>(&>O(`\(40(20F8.0-370(40(`aaj>
e`aajP9f>(B.9,74;('7.0/(K/9570(&C,9=1>(B,4>(`j>^]a>(I;U;8JO(@>(
&>O(\^(40(20F8.0-370(40(`aaj>
e`aajP3f>(!;7U0(K/.H907('1,V,(<071J140:>(B,4>(o\>j]o>(I;U;8JO(
@>(&>O(j(40(20F8.0-370(40(`aaj>
e`aajP,f>(‚,70//V(*,87.9.,(R,7,(S0190>(B,4>(`k>\jl>(I;U;8JO(@>(
&>O(\j(40(,U;28;(40(`aaj>
e`aajf(>@0/.8;(40(9;19.078;(F,7,(40/.1b5.7>(B,4>(o\>loj>(I;U;8JO(
@>(&>O(o\(40(?5/.;(40(`aaj>
e`aa_P9f(>!5,1(6,150/(R=F0:(&,37,/02(V(B0U.1,/4;(6;1802(X/P
A,70:>(B,4>(`^>j]`>(I;U;8JO(@>(&>O(`l(40(1;A.0-370(40(`aa_>
e`aa_P3>Ff>(Q[709.-.018;(40(3.0102(F;7(F;285/,4;2>(B,4>(oa>o^a>(
I;U;8JO(@>(&>O(_(40(20F8.0-370(40(`aa_>
e`aa_P,f>(R5.2(K45,74;(S.A02(R,9;58570>(B,4>(`^>]ka>(I;U;8JO(
@>(&>O(,U;28;(\€(40(`aa_>(
e`aa_f>(6,57.9.;(*.-.018;(I,7707,>(B,4>(`^>]ka>(I;U;8JO(@>(&>O(
\^(40(,37./(40(`aa_>(
e`aakP,f>(K7.9(!5/.;(6;77.2($,3;,4,>(B,4>(`^>\\_>(I;U;8JO(@>(&>O(
\j(40(4.9.0-370(40(`aak>
``k
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
e`aakf>(#,/A,8;70(6,1952;(n(-04.4,2(9,580/,702>(B,4>(`_>a]a>(
6>(*>(6,7D,(40/(B;2,7.;(G;1:J/0:(40(R0-;2>(I;U;8JO(@>(&>(`o(
40(,U;28;(40(`aak>
e`aa^f>(B,4>(`l>a_^(40/(`k(40(?51.;(40(`aa^>(
e\j_of>(40/(o(40(?51.;(40(\j_o>
@0[012;7D,(@0/(*503/;(
e`a\aP,f>(1#.A$5%&#-(!)*!0.!%#&,.-#5$!)*!.--*%(!/!&*$*$-#.!)*!0.!&#*''.!*$!*0!
)*8.'&.9*$&(!)*!75')(K.>(B02;/59.=1(@0[012;7.,/(N;>(al_O(40/(`j(
40(4.9.0-370(40(`a\a>
e`a\af>(@$G('9*!)*!?#*%A(!6(Q!jjdWgjO(40/(oa(40(,37./(40(`a\a>
e`aalf>(?*%(0,-#5$!1*G*$%('#.0!6(Q!hr3!B#(0.-#5$!)*!0(%!1*'*-2(%!E,W
9.$(%! 8('! %#*9K'.! )*! 8.09.! .G'#-.$.! *$! &*''#&('#(%! -(0*-&#;(%! )*! +#A,.W
9#.$)5!/!7,';.'.)5W72(-5>(I;U;8J(@>(&g(?51.;(`(40(`aalO(@.2F;P
1.3/0(01g(YYY>40[012;7.,>;7U
-#.%$!%/#*!)'%-/"*"&!$%!",)'.$)&.#$"-%-'&)0"%+K-%.&'
e`a\`f>( ?*0.-#5$! K#*$*%! *$! *0! F($)(! )*! ?*8.'.-#5$! )*! BC-&#9.%Q( K1g(
@'*#(e`a\`f>(K1g(C88FgqqYYY>,99.;12;9.,/>U;A>9;q9;1801.4;q
9;1801.4;>,2Fpt9,8%@Š]ll„9;1%@Š\^^k„F,U%@Šj]]\(&;1P
25/8,4;(0/(\€(40(0107;(40(`a\`>
e`a\\f>(@$G('9*!)*0!1*8.'&.9*$&(!:)9#$#%&'.&#;(!8.'.!0.!<'(%8*'#).)!
=(-#.0O!*$!'*%8,*%&.!.0!:,&(!)*!=*A,#9#*$&(!Ygr!)*!YjggO!$(;#*9K'*!)*!
Yjgg>(&;125/8,4;(0/(\€(40(0107;(40(`a\`>
(-#.%$!%/#*!)'*%0")*%+'-#'.+%*#%0"2*K-*.'
e`a\af>(c.%*%!)*0!<0.$!6.-#($.0!)*!1*%.''(00(!YjgjYjgZO!<'(%8*'#).)!
8.'.!&()(%(1;A.0-370O(`a\a>
e\j_jf>(X(%!8,*K0(%!#$)CA*$.%!)*!7(0(9K#.!]8(K0.-#5$!/!&*''#&('#(>(@;P
95-018;( 0/,3;7,4;( F;7( '7,1U;( Q9C;,O( B,W/( V( K17.b50( #J1P
9C0:(G58.H770:>(
-#.%$!%/#*!)' %-/"*"&!$%!",)' *%0")*%+' -#' #&!%-3&!"0%K-%K
*#(e`aa^f>(7*$%(!$.-#($.0!)*!<(K0.-#5$>(K/,3;7,4;(01870(-,V;(``(40(
`aal(V(-,V;(``(40(`aa^>(
I"&0%+3%'F#*#$%+'-#'+%'*%0"2*KIF*(
``_(
0)*0+1&")*#&
e`a\`P,f>(D*%&#5$!>$#).)!6.-#($.0!)*!F#%-.0C.%!8.'.!0.!+,%&#-#.!/!<.UO!
)*0! hg! )*! 9.'U(! )*! YjgY>( K1g( C88FgqqYYY>A074,4,3.078,>9;-q
9;-F;1018q9;18018q,78.9/0q\koP028,4.28.9,2qo_`lP028,4.28.P
9,2P?528.9.,PVPF,:
e`a\`f>( @$G('9*! )*! D*%&#5$! Yjgg>( K1g( C88FgqqYYY>9.2F,>U;A>9;q
.140p>FCFt;F8.;1Š9;-ƒ4;9-,1„%80-.4Šol
e`a\aP3f>(:,)#*$-#.!<eK0#-.!8.'.!0.!?*$)#-#5$!)*!7,*$&.%O(`aajP`a\a>(
e`a\aP,f>(c#*$*%!(G'*-#)(%!8('!8(%&,0.)(%!'*-#K#)(%!8('!:--#5$!=(-#.0!]X*/!
rkd!)*!Yjjd^Q!`a\aO(,985,/.:,4;(01(20F8.0-370(40(`a\\>
e`a\af>(P(&.0!K#*$*%!(G'*-#)(%!8('!8(%&,0.)(%Q!>$#).)!6.-#($.0!)*!0.%!
F#%-.0C.%!8.'.!0.!+,%&#-#.!/!0.!<.UO(,985,/.:,4;(,(-,V;(40(`a\a>
e`aa_P,f>(@$G('9*!)*!A*%&#5$!YjjkWYjjtQ
e`aa_f>(:0#.%!REEV!'*-($(-*!8.'&#-#8.-#5$!*$!gg!2*-2(%O(;985370(`k(
40(`aa_>
e`aakP3f>(<'#$-#8#(!)*!(8('&,$#).)!%*!%(0#-#&.'f!*$!-.%(%!)*!+,%&#-#.!/!<.UO(
-,7:;(_(40(`aak>(K1g(YYY>c29,/.,>U;A>9;
e`aakP,f>(F#%-.0C.!/.!&#*$*!#$;*%&#A.-#($*%!8('!*`&#$-#5$!)*!)(9#$#(O([0P
3707;(`(40(`aak>(K1g(YYY>[U1>U;A>9;>
e`aakf>(<(%&,0.)(%!.!0.!X*/!rkd!)*!Yjjd>(K1g(C88FgqqYYY>c29,/.,>
U;A>9;q?528.9.,F,:q@;95-018;2q*;285/,4;2jkl>F4[>(
"*&!"!1!)'F#)F$QI"0)'%F1&!3*'0)-%NN"K"F%0'e`aakf>(@$G('9*!.0!
7($A'*%(!)*!0.!?*8eK0#-.!/!.!0(%!-#,).).$(%Q!+,0#(!)*!Yjjy!.!L,$#(!)*!Yjjk>(
K1g(YYY>.U,9>U;A>9;>(
C1NF%-)'01%$!)'.#*%+'-#+'0"$01"!)'#&.#0"%+"N%-)'-#'B)F)!Q(
e`aakf>(B,4>(`aakP\a]>(P'#$(!X,$.O!*`!A(K*'$.)('!)*!".A).0*$.>(I;P
U;8JO(@>(&>O(l(40(;985370(40(`aak>
/"*"&!#$")' -#' %F$"01+!1$%' (' -#&%$$)++)' $1$%+' K.$)(#0!)' -#'
.$)!#00"2*' -#' !"#$$%&' (' .%!$"/)*")' -#' +%' .)B+%0"2*' -#&.+%N%K
-%K/%-$K..!.5'h%1[;7-0(40(0107;(40(`a\\i>
)I"0"*%'-#+'%+!)'0)/"&")*%-)'.%$%'+%'.%NK)%0.'
``j
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
e`aa^f>(=*A,$)(!0#%&.)(!)*!+,%&#-#.!/!<.UVO!YZ!)*!.K'#0!)*!Yjjy>(K1g(
C88FgqqYYY>.40,2F,:>;7Uq4;95-018;q`]Pa]Pa^ƒ20U514;ƒ/.2P
8,4;ƒ40ƒ?528.,ƒVƒF,:>F4[ (
e`aalP,f>(<'(/*-&(%!<'(),-&#;(%!8('!0.!<.UQ!6,*;.!(8-#5$!0.K('.0!8.'.!
)*%9(;#0#U.)(%O!)*%80.U.)(%!/!-.98*%#$(%>(K1g
YYY>( ,/8;9;-.2.;1,4;F,7,/,F,:>U;A>9;q1;8.9.,2q`aalq4;95P
-018;2qF7;V098;2ƒF7;4598.A;2>F4[ (
e`aalf>(<.'.!)*%9(;#0#U.)(%!'.)#-.)(%!*$!75')(K.!D(K#*'$(!0.$U.!8'(W
/*-&(%! 8'(),-&#;(%3! .0&*'$.&#;.%! (-,8.-#($.0*%! /! )*! *980*(O( 6;1807D,O(
&=74;3,O(?5/.;(\…(40(`aal>(K1g(C88Fgqq910>F702.4019.,>U;A>9;q
210q`aalq0107;qakqaoak`aal>C8(e`aa]P,f>(@$G('9*!)*!c.0.$-*!1*%9(;#0#U.-#($*%!7(0*-&#;.%O(`aa]>(K1g(
C88FgqqYYY>F702.4019.,>U;A>9;qF7012,ƒ10Yq210q`aa]q4.P
9.0-370q`jq\``j`aa]>C8e`aa]f>(X#%&.)(!)*!K#*$*%!*$&'*A.)(!8('!*0!c0(J,*!7.&.&,9K(!)*!0.%!:,W
&()*G*$%.%! >$#).%! )*! 7(0(9K#.Q( K1g( YYY>40709C;2C5-,1;2VF,:>
;7Uq>>>qI%KNK#ƒIRQZ"Kƒ&'$'$"6ƒ@%&ƒ\>@Q&
.%$91#&'*%0")*%+#&'*%!1$%+#&K.**(e`a\af>(<.'J,*!6.-#($.0!6.W
&,'.0!<.'.9#00(>(&;125/8,4,(0/(oa(40(1;A.0-370(40(`a\a>(K1g(C88Fgqq
YYY>F,7b5021,9.;1,/02>U;A>9;q*NNqF;780/q/.3707.,qFCFq409.P
40>FCFtF,87;1Ša\>a\>(
.$)01$%-1$3%'F#*#$%+'-#'+%'*%0"2*K.F*'
e`aakf>(X.!8.'&#-#8.-#5$!)*!0.%!;C-&#9.%!*$!0(%!8'(-*%(%!8*$.0*%!)*!+,%&#-#.!
/!<.U3!)#I-,0&.)*%!/!)*%.GC(%Q!@$&*';*$-#5$!)*0!<'(-,'.)('O!4)A.')(!+(%T!
"./.!B#00.U5$!*$!*0!7*$&'(!)*!P(0*)(!8.'.!0.!<.U>(K2F,T,O(1;A.0-P
370(40(`aak>
e`aa^P,f>(<'(/*-&(!-($&'(0!8'*;*$&#;(!/!%*A,#9#*$&(!.!0.%!8(0C&#-.%!8eK0#-.%!
*$!9.&*'#.!)*!'*#$%*'-#5$!/!)*%9(;#0#U.-#5$>($;-;(%>(I;U;8Jg(?51.;(40(
`aa^>
e`aa^f>(=*A,#9#*$&(!.!0.%!8(0C&#-.%!8eK0#-.%!*$!9.&*'#.!)*!)*%9(;#0#U.W
-#5$!/!'*#$%*'-#5$>($;-;(%O(9,FD85/;(`>(I;U;8Jg(?51.;(40(`aa^>(K1g(
YYY>F7;957,457.,>U;A>9;>
`oa(
0)*0+1&")*#&
&1.#$"*!#*0"%'-#'*)!%$"%-)'('$#F"&!$)'S'&*$5
e`a\\f>(D*%&#5$!=6?!*$!7,';.'.)5!/!+#A,.9#.$)5O(F702018,9.=1(01(
F;Y07(F;.18O(`a\\>(
e`a\\P,f>( ##&,.-#5$! ?*A#%&'.0! )*! 8'*)#(%! ','.0*%! *$! 0(%! 9,$#-#8#(%! )*!
:8.'&.)5O!:'K(0*&*%O!6*-(-0CO!=.$!<*)'(!)*!>'.KfO!=.$!+,.$!)*!>'.Kf!
/!P,'K(!_!?*A#5$!>'.Kf!:$&#(J,*i(O(,U;28;(40(`a\\>(
e`a\\P3f(#.85,9.=1(B0U.287,/(40(*704.;2(B57,/02(01(/;2(6;1802(
40(6,7D,(n(F702018,9.=1(01(F;Y07(F;.18PO(`a\\>(
e`a\\P9f(=#&,.-#5$!'*A#%&'.0!)*!8'*)#(%!','.0*%!*$!0.!(I-#$.!)*!?*A#%&'(!)*!
@$%&',9*$&(%!<eK0#-(%!)*!=.$!".'&#$(n(608,O(,U;28;(40(`a\\>(
e`a\\P4f(<.'.!J,*!0(%!-(0(9K#.$(%!'*-,8*'*$!%,!&#*''.Q!@$G('9*!6('&*!)*!
=.$&.$)*'O(`a\`>(
!$"B1*%+'&1.#$")$'-#+'-"&!$"!)'C1-"0"%+'-#'C1&!"0"%'('.%NK!&C.'
e`a\\P,f( K4U,7( %U1,9.;( E.077;( E/;702O( '147H2( 6,57.9.;( $;P
7702( R0=1O( V( RH2807( 6,7D,( G;1:J/0:( B;-07;>( KpF04.0180(
\\aa\^aaa`lo(P`aa^_\o^^>(6>*>(RH2807(6,7D,(G;1:J/0:(B;-0P
7;>(I;U;8JO(@>&>O(k(40(4.9.0-370(40(`a\\>(
e`a\\f>(
'7,-D2(
6,9C,4;(
Q78.:>(
KpF04.0180(
\\aa\^aaa`loaak_`kja>(6>(*>('/0p,147,(S,/019.,(6;/.1,>(I;P
U;8JO(@>(&>O(`j(40(?51.;(40(`a\\>
e`a\aP3f>(
!;7U0(
%AJ1(
R,A0740>(
KpF04.0180(
\\aa\^aaa`lo`aa^_a`_\>( 6>( *>( "/4.( $0702,( !.-H10:( R=F0:O(
I;U;8JO(@>(&>O(`(40(4.9.0-370(40(`a\a>
e`a\aP,f>(K4Y,7(&;3;2($H//0:(V("307(K17.b50(I,1b50:(6,7P
8D10:>( KpF04.0180( \\aa\^aaa`lo`aa^_aak>( 6>( *>( "/4.( $0702,(
!.-H10:(R=F0:O(40/(I;U;8JO(@>(&O(`j(40(?51.;(40(`a\a>
e`a\af>('54.019.,(40(/0U,/.:,9.=1(40(9,7U;2>(K4Y,7(&;3;2($HP
//0:(V("307(K17.b50(I,1b50:(6,78D10:O(40/(`l(40(0107;(40(`a\a>(
,"0#.$#&"-#*0"%' -#' +%' $#.OB+"0%PQ3207A,8;7.;( 40/( *7;U7,-,(
*702.4019.,/(40(@0709C;2(<5-,1;2(V(@0709C;(%18071,9.;1,/(<5P
-,1.8,7.;P,"0#.$#&"-#*0"%(
e`aajf>(h@.,U1=28.9;(40(/,(2.85,9.=1(40(/;2(-51.9.F.;2(C,3.8,P
4;2( F;7( /,2( 9;-51.4,402( ,[7;9;/;-3.,1,2( F7.;7.:,4,2( F;7( /,(
`o\
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
<;1;7,3/0(&;780(&;128.859.;1,/(01(0/(40F,78,-018;(40(&C;P
9=i>( `aaj>( K1g( C88FgqqYYY>40709C;2C5-,1;2>U;A>9;qQ3207P
A,8;7.;q4;95-0182q`a\aq@.,U1;28.9;'[7;q&C;9;>F4[
e`aa^f>( [email protected],( 709.0180( 40( /,( 9;1[7;18,9.=1( ,7-,4,( 01( 0/(
"7,3J('18.;b50T;i>(
,;0+2%*#<(5
YYY>,99.;12;9.,/>U;A>9;
YYY>,/8;9;-.2.;1,4;F,7,/,F,:>U;A>9;
YYY>90770?;19;,/>9;YYY>9177>U;A>9;
YYY>9;/098.A;40,3;U,4;2>;7U
YYY>41F>U;A>9;
YYY>0/9;/;-3.,1;>U;A>9;>
YYY>[U1>U;A>9;
YYY>.U,9>U;A>9;
YYY>.19;407>U;A>9;>
YYY>-,47>U;A>9;
YYY>F702.4019.,>U;A>9;
YYY>F7;957,457.,>U;A>9;
`o`(
*)$/%!","-%'98;(R0U.2/,8.A;(ao(40(`aa`>(h*;7(0/(95,/(20(70[;7-,(/,(&;128.85P
9.=1(N,9.;1,/i>(1#.'#(!HI-#.0(N;>(]l>a]aO(40(`a(40(4.9.0-370(40(`aa`
R0V(\]]_(40(`a\\>
R0V(\]la(40(`a\\>
R0V(\]`](40(`a\a>(h*;7(/,(95,/(20(4.98,1(4.2F;2.9.;102(40(?528.9.,(
87,12.9.;1,/( b50( U,7,18.901( A074,4O( ?528.9.,( V( 70F,7,9.=1( ,( /,2( AD98.P
-,2(40(402-;A./.:,4;2(40(U75F;2(;7U,1.:,4;2(,/(-,7U01(40(/,(/0VO(20(
9;190401(3010c9.;2(?57D4.9;2(V(20(4.98,1(;87,2(4.2F;2.9.;102i>(1#.'#(!
HI-#.0(N;>(]k>jok(40(`j(40(4.9.0-370(40(`a\a>
R0V( \o_`( 40( `a\a>( h*;7( /,( 95,/( 20( -;4.c9,( /,( R0V( ^_l( 40( `aa\(
&=4.U;(40(6.1,2i>(1#.'#(!HI-#.0(N;>(]k>^\_(40(j(40([03707;(40(`a\a>
R0V(\o\`(40(`aaj>(h*;7(-04.;(40(/,(95,/(20(70[;7-,(/,(R0V(ja^(40(
`aa]O(01(/;(70/,9.;1,4;(9;1(0/(F7.19.F.;(40(;F;7851.4,4i>(1#.'#(!HIW
-#.0(N;>(]k>]al(40(j(40(?5/.;(40(`aaj>('78D95/;(`€>
R0V(jkl(40(`aal>(h*;7(/,(95,/(20(4.98,1(4.2F;2.9.;102(F,7,(/,(70.1P
9;7F;7,9.=1(40(-.0-37;2(40(U75F;2(,7-,4;2(;7U,1.:,4;2(,/(-,7U01(
40(/,(/0VO(b50(9;187.35V,1(40(-,107,(0[098.A,(,(/,(9;120959.=1(40(/,(
F,:(1,9.;1,/(V(20(4.98,1(;87,2(4.2F;2.9.;102(F,7,(,95074;2(C5-,1.8,P
7.;2i>(1#.'#(!HI-#.0!N;>(]l>j_aO(?5/.;(`l(40(`aal>
R0V(kjo(40(`aa`>(*;7(/,(95,/(20(407;U,(/,(R0V(ooo(40(\jj^(V(20(028,P
3/0901(/,2(70U/,2(b50(U;3.071,1(/,(0p8.19.=1(40(4;-.1.;>(1#.'#(!HI-#.0(
N;(]l>a]^(40(`k(40(4.9.0-370(40(`aa`>
`oo
!"#$$%&'('!#$$"!)$")&'#*'+%&',#$&")*#&'-#'+)&'.%$%/"+"!%$#&
R0V(^_l(40(`aa\>(h*;7(/,(95,/(20(0pF.40(0/(&=4.U;(40(6.1,2(V(20(
4.98,1(;87,2(4.2F;2.9.;102>(1#.'#(!HI-#.0(N;>(]]>l]l(40(_(40(20F8.0-P
370(40(`aa\>
R0V(ljj(40(`aaa>(h*;7(/,(95,/(20(0pF.40(0/(&=4.U;(*01,/i>(1#.'#(!
HI-#.0(N;>(]]>ajk(40(`](40(?5/.;(40/(`aaa>
R0V(\]]_(40(`a\\>(h*;7(/,(95,/(20(4.98,1(-04.4,2(40(,8019.=1O(,2.2P
8019.,(V(70F,7,9.=1(.180U7,/(,(/,2(AD98.-,2(40/(9;1d.98;(,7-,4;(.1807P
1;(V(20(4.98,1(;87,2(4.2F;2.9.;102i>(
R0V(\]la(40(`a\\>(h*;7(/,(95,/(20(0pF.40(0/(*/,1(N,9.;1,/(40(@02,P
77;//;(`a\aP`a\]i>
R0V(\]lo(40(`a\a>(h*;7(-04.;(40(/,(95,/(20(70[;7-,(0/(&=4.U;(*0P
1,/O(0/(&=4.U;(40(*7;904.-.018;(*01,/O(0/(&=4.U;(40(%1[,19.,(V('4;P
/029019.,O( /,2( B0U/,2( 2;370( Kp8.19.=1( 40( @;-.1.;( V( 20( 4.98,1( ;87,2(
4.2F;2.9.;102(01(-,807.,(40(20U57.4,4i>(
R0V(\]l](40(`a\\>(h*;7(/,(95,/(20(4.98,1(1;7-,2(;7UJ1.9,2(2;370g(
;7401,-.018;(8077.8;7.,/(V(20(-;4.c9,1(;87,2(4.2F;2.9.;102i>
@09708;(`aak(40(`aa\>(h*;7(0/(95,/(20(70U/,-018,1(F,79.,/-0180(/;2(
,78D95/;2(k…O\k(V(\j(40(/,(R0V(o_k(40(\jjkO(01(/;(70/,8.A;(,(/,(;F;7851,(
,8019.=1(,(/,(F;3/,9.=1(757,/(402F/,:,4,(F;7(/,(A.;/019.,O(01(0/(-,79;(
40/(708;71;(A;/518,7.;(,(25(/5U,7(40(;7.U01(;(40(25(70,2018,-.018;(01(
;87;(/5U,7(V(20(,4;F8,1(-04.4,2(8014.01802(,(F70A01.7(028,(2.85,9.=1i>(
#0F8.0-370(`](40(`aa\>
@09708;(]k^a(40(`aa^>(h*;7(0/(95,/(20(70U/,-018,(F,79.,/-0180(/,(
R0V(jkl(40(`aali>(@.,7.;(Qc9.,/(N;>(]^>\okO(40(oa(40(4.9.0-370(40(
`aal>
@09708;(ooj\(40(`aa^>(h*;7(0/(95,/(20(70U/,-018,(F,79.,/-0180(/,(
R0V(jkl(40(`aali>(1#.'#(!HI-#.0(N;>(]^>]a^O(40(`j(40(20F8.0-370(40(
`aa^>
`o](

Documentos relacionados

Descargar PDF - Correo del Orinoco

Descargar PDF - Correo del Orinoco *0(8B4 *54 ,2 62(4 (4;4*0F ,2 53(4+(4:, ;.5 /B<,@ ", *(2*;2( 7;, -(<58,*,8B (   +, 2(65)2(*0F4 I9:(359/(*0,4+59(2;+ 68,<,4:0<(J +015 ,2 8,90 +,4:,I9;4)204+...

Más detalles