The Oregon Recreation Report (fishing, hunting, viewing), update Tuesday, April 24, by the Oregon Department of Fish and Wildlife:
kAmkDEC@?8m(x{{p|t%%t +~}tk^DEC@?8mk^Am
kAmkDEC@?8mux$wx}vk^DEC@?8mk^Am
kAm$%~rzx}v $rwts&{ti $@FE9 (:==2>6EE6 (2E6CD965 s:DEC:4Ei ~su(
H:== DE@4< q=F6 #:G6C W23@G6 C6D6CG@:CX r2C>6? #6D6CG@:C[ r=62C
{2<6[ s6EC@:E #6D6CG@:C[ tt (:=D@? !@?5[ u2== rC66<[ u@DE6C
#6D6CG@:C[ uC66H2J {2<6 t2DE[ vC66? !6E6C #6D6CG@:C[ yF?4E:@? r:EJ
!@?5[ {623FC8 {2<6[ |4z6?K:6 W23@G6 {623FC8 {2<6X $2=>@? rC66<[
$>:E9 #6D6CG@:C[ (2==:?8 !@?5[ (2=E6C (:CE9 {2<6[ (:==2>6EE6 #:G6C
r@2DE u@C< 2?5 (:==2>6EE6 #:G6C |:55=6 u@C< W23@G6 w:==D u@C<
#6D6CG@:CX H:E9 #2:?3@H %C@FE E96 H66< @7 pAC:= ab] x? E96 }@CE9
(:==2>6EE6 (2E6CD965 w2=56>2? !@?5[ w6?CJ w288 {2<6[ wF55=6DE@?
!@?5[ $2=>@?36CCJ {2<6[ $96C:52? !@?5[ $:=G6C rC66< #6D6CG@:C[
%:>@E9J |625@HD 2?5 %C@;2? !@?5D H:== 36 DE@4<65 E96 H66< @7 pAC:=
ab] wF55=6DE@? !@?5 2?5 $96C:52? !@?5 H:== C646:G6 =682=[ =2C86C
2?5 EC@A9J D:K6 EC@FE] pD 2 DA64:2= ?@E6[ %:>36C {2<6 H:== 36 25565
324< :?E@ E96 DE@4<:?8 D4965F=6 :? E96 ?62C 7FEFC6]k^Am
People are also reading…
- Judge doesn't buy apology from Lebanon woman who abused autistic boy
- Albany man sentenced to 25 years for raping girl, says he's sorry
- Case against Albany mom accused of killing daughter dismissed
- Jury finds Corvallis mom guilty of killing infant daughter
- Corvallis man had a heart attack while driving; these good Samaritans jumped into action
- Beavers need to be aggressive and improve the offense
- Time served for man who lit $2M Slate Fire in Linn County
- Anti-trans Corvallis residents want the 'T' out of LGBTQ Pride celebrations
- Lebanon man accused of kidnapping found guilty of domestic violence
- Oregon State hires new athletic director
- Corvallis's first trans councilor: I refuse to let anti-trans disinformation define us
- GAPS committee tees up budget for school board vote that includes cuts
- Albany manufacturer fined $51K for hazardous waste
- Beavers battle through a season full of adversity
- Linn County begins to clear out Simpson Park
kAmux$wx}v t't}%$i x? E96 $@FE9 (:==2>6EE6 (2E6CD965[ ~su( C68:@?
DE277 :D 9@DE:?8 E96:C D64@?5 J@FE9 2?8=:?8 6G6?E 7C@> hib_ 2]>] E@
`i__ A]>] $2EFC52J[ pAC:= ag 2E v2C56? {2<6] %96 }@CE9 (:==2>6EE6
(2E6CD965 DE277 :D 2=D@ 9@DE:?8 E96:C D64@?5 J@FE9 2?8=:?8 6G6?E 2E
%C@;2? !@?5 pAC:= ag 7C@> hib_ 2]>] E@ ai__ A]>] q@E9 6G6?ED 2C6
7C66 E@ E96 AF3=:4] ~su( p?8=6C t5F42E:@? :?DECF4E@CD H:== 36 @?
92?5 E@ 2DD:DE J@F?8 2?8=6CD] p== E96 DFAA=:6D H:== 36 AC@G:565
:?4=F5:?8 C@5D[ C66=D 2?5 32:E]k^Am
kAm$E66=9625 4@?E:?F6 E@ EC:4<=6 24C@DD (:==2>6EE6 u2==D 3FE E9:D
E:>6 @7 J62C E92EVD E@ 36 6IA64E65] p 76H ?6H 7:D9 2C6 D9@H:?8 FA
6249 52J[ 3FE ?@E :? 8C62E ?F>36CD] %96 E@E2= 7@C H:?E6C DE66=9625
H2D c[e`` E9C@F89 pAC:= `h] %96 DF>>6C\CF? DE66=9625 4@F?E65
E9C@F89 pAC:= `h E@E2= ebb E92E 92G6 >@G65 A2DE E96 72==D] (2E6C
4@?5:E:@?D :? E96 >2:?DE6> (:==2>6EE6 2?5 :? 3@E9 7@C<D @7 E96
$2?E:2> 2C6 8@@5[ 3FE AC6DDFC6 C6>2:?D C6=2E:G6=J =:89E] p?8=:?8
677@CE :D AC65@>:?2?E=J E2C86E:?8 r9:?@@< 2D E96 A62< D2=>@? D62D@?
:D FA@? FD] ~G6C d__ r9:?@@< 92G6 366? 4@F?E65 @G6C E96 72==D 2?5
42? 36 6IA64E65 E@ DE2CE D9@H:?8 FA :? E96 =@H6C $2?E:2> 2E 2?J
E:>6]k^Am
kAmtt (x{$~} 2?5 y&}r%x~} rx%* !~}s$i ~su( H:== DE@4< E96 H66< @7
pAC:= ab H:E9 =682= 2?5 =2C86C D:K6 EC@FE]k^Am
kAmr{przp|p$ #x't#i $E66=9625 2?8=:?8 92D 366? 72:C E@ D=@H :? >@DE
@7 E96 C:G6C] r9:?@@< 7:D9:?8 92D 2=D@ 4@?E:?F65 E@ 36 D=@H[ 5F6
=:<6=J E@ E96 4@=5 H2E6C E6>A6C2EFC6D] xEVD 2=D@ D@>6H92E 62C=J 7@C
DAC:?86CD E@ 36 :? E96 r=24<2>2D :? 8@@5 ?F>36CD] %96 C:G6C 92D
5C@AA65 :? E96 A2DE H66<] pAC:= `e 7=@HD H6C6 2E a[gb_ 47D W`a]dhVX
2?5 E96 4@=@C H2D G6CJ 8@@5]k^Am
kAmq2?< 2?8=6CD 42? 7:?5 2446DD E@ E96 C:G6C :? E96 v=25DE@?6^rC@DD
!2C< 2C62[ 2E r2CG6C ?62C E96 >@FE9 @7 r=62C rC66<[ 2=@?8 r=24<2>2D
#:G6C #5[ 2E q2CE@? !2C<[ 2E q@??:6 {FC6 !2C<[ 2E |4xG6C !2C< ?62C
s@8 rC66<[ 2?5 7C@> E96 |4xG6C !2C< 3@2E C2>A @? FA E@ #:G6C |:==
s2>]k^Am
kAmq@2E6CD D9@F=5 36 2H2C6 E92E 62C=J H:?E6C 9:89 H2E6C 6G6?ED 92G6
>256 492?86D E@ E96 C:G6C E92E 4@F=5 DFCAC:D6 F?DFDA64E:?8 3@2E
2?8=6CD] q6 G6CJ 42FE:@FD @7 563C:D 2D H6==[ D:?46 C646?E 9:89
H2E6C 92D =:<6=J 56A@D:E65 EC66D 2?5 =@8D :?E@ E96 C:G6C]k^Am
kAmr~{&|qxp #x't#i uC@> E96 s2==6D s2> E@ E96 y@9? s2J s2>[
DEFC86@? C6E6?E:@? H:== 4=@D6 2E >:5?:89E[ (65?6D52J[ |2C49 ag
67764E:G6 E9C@F89 E96 6?5 @7 E96 J62C] r2E49\2?5\C6=62D6 2?8=:?8
7@C DEFC86@? :? E9:D DEC6E49 @7 E96 r@=F>3:2 :D 2==@H65 E9C@F89@FE
E96 C6>2:?56C @7 E96 J62C[ 6I46AE 5FC:?8 |2J ` E9C@F89 yF=J b`[
H96? DEFC86@? 2?8=:?8 :D AC@9:3:E65 7C@> E96 H6DE 6?5 @7 E96 8C2:?
D:=@ =@42E65 ?62C #F7FD FADEC62> E@ y@9? s2J s2>[ E@ AC@E64E
@G6CD:K6 DA2H?:?8 DEFC86@?] r2E49\2?5\C6=62D6 DEFC86@? 2?8=:?8 :?
E9:D D2?4EF2CJ 2C62 C6\@A6?D pF8FDE `]k^Am
kAmst%#~x%[ u~$%t#[ p}s v#tt} !t%t# #t$t#'~x#$ 92G6 2== 366?
DE@4<65 H:E9 EC@FE E9:D DAC:?8 2?5 92G6 366? AC@5F4:?8 72:C E@ 8@@5
42E496D] p== E9C66 C6D6CG@:CD H:== 36 DE@4<65 H:E9 EC@FE 282:? E96
H66< @7 pAC:= ab] $F446DD 7@C <@<2?66 2E vC66? !6E6C 92D ?@E J6E
366? 4@?D:DE6?E[ 3FE D9@F=5 36 A:4<:?8 FA 2?J E:>6]k^Am
kAms~#t}p #t$t#'~x# H2D DE@4<65 E96 H66< @7 pAC:= h H:E9 e[b__
C2:?3@H EC@FE]k^Am
kAmtpv{t r#ttzi p?8=:?8 677@CE :D G6CJ =@H 2?5 E96 42E49 C2E6 92D
D=@H65 4@?D:56C23=J 2D E96 H:?E6C CF? 4@>6D E@ 4=@D6] %96 4C66< H2D
CF??:?8 2E >@56C2E6 7=@HD 2?5 4=62C @G6C E96 H66<6?5] p?8=6CD
D9@F=5 <66A :? >:?5 E92E H2E6C 4@?5:E:@?D @? t28=6 rC66< 42? A=2J
2? :>A@CE2?E A2CE :? 564:5:?8 E96 EJA6 2?5 4@=@C @7 862C E@ 49@@D6]
q6 AC6A2C65 H:E9 3@E9 3C:89E 2?5 DF3E=6 4@=@CD @7 ;:8D @C DA:??6CD]
p?8=6CD >2J 2=D@ 92G6 DF446DD H:E9 D2?5 D9C:>A @C D>2== 688
4=FDE6CD 2?5 J2C?] %96 >@DE A@AF=2C DA@ED E@ ECJ :?4=F56 E96 q@??:6
{FC6 2C62[ E96 H2E6C 23@G6 2?5 36=@H E96 =@H6C 7:D9 =2556C[ t28=6
u6C? !2C<[ 2?5 FA ?62C E96 92E496CJ] |F49 @7 E96 4C66< >62?56CD
E9C@F89 AC:G2E6 AC@A6CEJ D@ A2J 2EE6?E:@? E@ J@FC =@42E:@? 2?5
D64FC6 A6C>:DD:@? 367@C6 7:D9:?8 7C@> AC:G2E6 AC@A6CEJ]k^Am
kAmwt}#* wpvv {pzti p?8=6CD 92G6 D66? :?4C62D65 42E496D @7
=682=\D:K65 C2:?3@H EC@FE] p?8=6CD H:== 92G6 36EE6C DF446DD 7:D9:?8
4=@D6 E@ E96 D9@C6] ~su( H:== DE@4< f[___ C2:?3@H EC@FE E96 H66< @7
pAC:= ab]k^Am
kAm#~p#x}v #x't# !p#z !~}s[ %x|qt# {x}} {pzt[ p}s (p't#{* {pzt :?
E96 p=32?J 2C62 H6C6 DE@4<65 H:E9 EC@FE E96 H66< @7 pAC:= `e]k^Am
kAm$p}s* #x't#i (:?E6C DE66=9625 2?8=:?8 92D 366? D=@H 3FE D@>6
?:46 DF>>6C DE66=9625 2C6 ?@H 368:??:?8 E@ D9@H FA :? E96 42E49]
~G6C2== DE66=9625 7:D9:?8 92D 366? D=@H :? E96 =@H6C $2?5J] %96C6
4@?E:?F6 E@ 36 8@@5 ?F>36CD @7 H:=5 H:?E6C DE66=9625 42F89E ;FDE
36=@H |2C>@E s2>] p? @442D:@?2= DAC:?8 r9:?@@< H2D C6A@CE65 :? E96
=@H6C $2?5J E96 H66< @7 pAC:= `e 3FE E96 4@=5 H2E6C :D 56=2J:?8
E92E 7:D96CJ] %96 4@?5:E:@?D @? |@?52J D9@H65 7=@HD 2E a[f__ 47D
Wh]hhVX 2?5 E96 H2E6C H2D 2 4@@= cf°]k^Am
kAm%96 $2?5J H:?E6C 7:D9 2C6 ?@H 2 =2E6C C6EFC?:?8 DE@4< G6CDFD
H92E 2?8=6CD H6C6 FD65 E@ 2 76H J62CD 28@] %9:D :D 2 C6DF=E @7 E96
H:=5 3C@@5DE@4< AC@8C2> :?:E:2E65 F?56C E96 4FCC6?E $2?5J #:G6C
7:D9 >2?286>6?E A=2?]k^Am
kAmp?8=6CD 42? 2446DD E96 C:G6C 7C@> >2?J A2C<D :?4=F5:?8 {6H:D 2?5
r=2C<[ s23?6J[ ~I3@H[ 2?5 s@586] q2?< 2446DD :D 2=D@ 2G2:=23=6 E@
E96 r652C rC66< 2C62 2E E96 $2?5J w2E496CJ] (96? 7:D9:?8 E96 ~I3@H
!2C< 2C62[ C6>6>36C E92E E96C6 :D ?@ 2?8=:?8 7C@> 2 7=@2E:?8 56G:46
FADEC62> 7C@> 2 A@:?E E92E :D a__ 766E 36=@H E96 ~I3@H !2C< 3@2E
C2>A]k^Am
kAmr@==64E:@?^C64J4=:?8 C646AE24=6D 7@C 5:D42C565 @C =@DE 7:D9:?8
862C 42? ?@H 36 7@F?5 2=@?8 E96 $2?5J #:G6C] {@@< 7@C E96> ?62C
3@2E C2>AD 2E {6H:D 2?5 r=2C<[ s23?6J[ ~I3@H[ 2?5 s@586 A2C<D] p?J
E2?8=65 7:D9:?8 =:?6 @C @=5 862C 42? 36 4@==64E65 2?5 5:DA@D65 @7
:? E96D6 42?:DE6CD 2D 2? 677@CE E@ >2:?E2:? 2 962=E9J[ 4=62? $2?5J
#:G6C] !=62D6 FD6 ?62C3J 82C3286 42?D 7@C 2?J @E96C EJA6D @7
EC2D9]k^Am
kAm%x|qt# {x}} p}s (p't#{* {pzt$ :? E96 p=32?J 2C62 H6C6 DE@4<65 3J
~su( E96 H66< @7 pAC:= h]k^Am
kAmu#tt(p* {pzt H:== 36 DE@4<65 E96 H66< @7 pAC:= ab H:E9 =682= 2?5
=2C86C D:K6 C2:?3@H EC@FE]k^Am
kAm(p{%t# (x#%w {pzt 2?5 (p{{x}v !~}s :? $2=6> 2C6 36:?8 DE@4<65 3J
~su( H:E9 EC@FE E96 H66< @7 pAC:= ab H:E9 =682= 2?5 =2C86C D:K6
EC@FE]k^Am
kAm(x{{p|t%%t #x't#i $AC:?8 r9:?@@< 7:D9:?8 :D D9@H:?8 D@>6 D:8?D
@7 :>AC@G:?8 3FE E96 H2E6C :D DE:== 72:C=J 4@@=] r@?5:E:@?D 7@C
pAC:= abC5 D9@H65 7=@HD @? E96 (:==2>6EE6 2E a_[d__ 47D[ 2 H2E6C
E6>A6C2EFC6 @7 d`°[ 2?5 E96 G:D:3:=:EJ 2E c]e 766E]k^Am
kAm%96C6 92G6 366? 72:C 3FE :?4C62D:?8 ?F>36CD @7 DAC:?8 r9:?@@<
42F89E E9C@F89@FE E96 (:==2>6EE6 H:E9 7:D9 E2<6? 7C@> E96 =@H6C
|F=E?@>29 r92??6= 2== E96 H2J FA E@ ~C68@? r:EJ] pD :D EJA:42= :?
>:5\pAC:= 2?8=6CD 2C6 DE:== 6?4@F?E6C:?8 A@4<6ED @7 7:D9 :? E96
C:G6C >2<:?8 E96 9@E DA@E >@G6 7C@> 52J E@ 52J] %96
$6==H@@5^|:=H2F<:6 2C62 :D @?6 @7 E96 >@DE 4@?D:DE6?E=J AC@5F4E:G6
D64E:@?D @7 C:G6C H:E9 E96 8C62E6DE 7:D9 A6C 3@2E C2E:@ :? E92E
A2CE @7 E96 C:G6C] %96 (6DE {:??^~C68@? r:EJ 2C62 92D 2=D@ 925 D@>6
8@@5 42E496D 2=E9@F89 ?@E 4@?D:DE6?E] p?8=6CD D9@F=5 D66
:>AC@G6>6?E H:E9 H2C>6C H2E6C 9625:?8 :?E@ =2E6 pAC:= 2D E96
r9:?@@< 364@>6 >@C6 A=6?E:7F= 2?5 DAC625 @FE 7C@> E96 =@H6C
(:==2>6EE6 FA E@ E96 72==D :? ~C68@? r:EJ]k^Am
kAm!=62D6 ?@E6 E92E E96 (:==2>6EE6 #:G6C[ :?4=F5:?8 |F=E?@>29
r92??6=[ :D @A6? 7@C E96 C6E6?E:@? @7 DEFC86@? F?56C C646?E=J
>@5:7:65 CF=6D] t7764E:G6 u63CF2CJ ` E96 C6E6?E:@? @7 DEFC86@? :D
2==@H65 %9FCD52J[ uC:52J[ $2EFC52J[ 2?5 $F?52J @7 6249 H66< F?E:=
yF=J b`] |@?52J E9C@F89 (65?6D52J @7 6249 H66< 2?8=:?8 7@C DEFC86@?
:D 2==@H65[ 3FE @? 2 42E49 2?5 C6=62D6 32D:D @?=J] !=62D6 2=D@ ?@E6
E92E 2?8=6CD 2C6 =:>:E65 E@ E96 FD6 @7 @?=J @?6 D:?8=6\A@:?E
32C3=6DD 9@@< H9:=6 2?8=:?8 7@C DEFC86@?]k^Am
kAm%96C6 H6C6 D6G6C2= C6A@CED @7 <66A6C 2?5 DF3=682= DEFC86@? :?
E96 (:==2>6EE6 42E49 pAC:= a` U2>Aj aa] %96 5@H?E@H? 92C3@C 2C62
2?5 E96 |:=H2F<:6^~C68@? r:EJ 2C62 6IA6C:6?465 8@@5 DEFC86@?
42E496D 7@C 3@2E 2?8=6CD] |F=E?@>29 r92??6= H2D 2=D@ E96 D46?6 @7
D@>6 5646?E DEFC86@? 2?8=:?8] q2?< 7:D9:?8 7@C DEFC86@? 42? 36
7@F?5 2E |6=5CF> q2C 2?5 2E E96 H2== :? 5@H?E@H? ~C68@? r:EJ]
$EFC86@? 2?8=:?8 7C@> E96 32?< H2D 72:C E96 H66< @7 pAC:= `e]
$EFC86@? 2?8=6CD 92G6 FD65 7C6D9 D>6=E @C 96CC:?8 2D 67764E:G6
32:E]k^Am
kAmw&}%x}vk^Am
kAmq{prz qtp#i wF?E6CD 2C6 C6A@CE:?8 =:>:E65 DF446DD 7@C DAC:?8
3=24< 362CD :? 3@E9 E96 r@2DE 2?5 r2D4256D] wF?E6CD A2CE:4:A2E:?8
:? E96 DAC:?8 3=24< 362C 9F?ED ?665 E@ 36 A6CD:DE6?E 2?5 DA6?5 E:>6
D4@FE:?8 7@C 7C6D9 D:8? E@ =@42E6 24E:G6 362C 7665:?8 D:E6D] sC:G6[
H2=<[ @C 3:<6 2C62D H:E9 8@@5 362C 923:E2E 2?5 =@@< 7@C 7C6D9
5C@AA:?8D @C EC24<D] x7 J@F 7:?5 7C6D9 D:8?[ 9F?E E96 2C62
E9@C@F89=J]k^Am
kAm%&#zt*i %FC<6JD 2C6 E@F89 E@ 7:?5 :? E96 }@CE9 (:==2>6EE6
(2E6CD965 s:DEC:4E 2?5 E9@D6 9F?E6CD H:E9 2446DD E@ AC:G2E6 =2?5D
2C6 92G:?8 E96 36DE DF446DD] wF?E6CD D9@F=5 ?@E @G6C=@@< E96
>:5\52J A6C:@5 H96? 9F?E:?8 EFC<6JD] wF?E6CD 9625:?8 :? 7@C 2 =2E6
3C62<72DE H:== =62G6 E96 H@@5D 7C66 @7 24E:G:EJ 2?5 2==@H E96 3:C5D
>@C6 7C665@> E@ 36 @FE 2?5 >@G:?8]k^Am
kAm'xt(x}vk^Am
kAm(x{{p|t%%t 'p{{t*i q2=5 628=6D 2C6 24E:G6 2?5 62D:=J =@42E65
2=@?8 |F=E?@>29 r92??6= 2?5 E96 r@=F>3:2 #:G6C 7C@> !@CE=2?5 E@
(6DEA@CE 7@C 3:C5 H2E496CD H9@ 92G6 2446DD E@ 2 3@2E] q:C5 H2E496CD
42? 6IA64E E@ D66 g\`d 628=6D 5FC:?8 2 52J @? @FC =@42= C:G6CD]
yFDE C6>6>36C E@ 2G@:5 5:DEFC3:?8 E96> 3J <66A:?8 J@FC 5:DE2?46 2?5
FD:?8 J@FC 3:?@4F=2CD 7@C G:6H:?8]k^Am
kAm!t#tv#x}t up{r~}$ 2C6 6?E6C:?8 E96:C ?6DE:?8 D62D@? 2?5 42? 36
D66? :? E96 !@CE=2?5 2C62 @? E96 uC66>@?E 2?5 $E] y@9?VD 3C:586D 2D
H6== 2D :? E96 $@FE9 (:==2>6EE6 2C62 2C@F?5 #@4<J %@A]k^Am
kAm$p&'xt x${p}s (x{s{xut p#tp W!@CE=2?5Xi %96 $2FG:6 xD=2?5
(:=5=:76 pC62 :D ?@H @A6?] %96 t28=6D ?6DE 3J #6?E6?22C #@25 92D
366? G242E65 2?5 E96 t28=6D 2C6 C63F:=5:?8 24C@DD #6656C C@25 2=D@
@FED:56 E96 H:=5=:76 2C62] w2=56>2? !@?5 92D 366? DE@4<65 H:E9
EC@FE 2?5 :D C625J 7@C 7:D96C>6? 3@E9 J@F?8 2?5 @=5] p A2C<:?8
A6C>:E :D C6BF:C65 7@C E96 (:=5=:76 pC62 2?5 42? 36 AFC492D65 2E
D6G6C2= !~$ G6?5@CD] p 52:=J A6C>:E :D Sb]d_ 2?5 2? 2??F2= A6C>:E
:D @?=J S``]__]k^Am
kAmut#} #xsvt (x{s{xut p#tp WtF86?6Xi p== F?:ED 2C6 @A6? E@ AF3=:4
FD6 6I46AE 2 A@CE:@? @7 E96 u:D96C qFEE6 E@ AC@G:56 D2?4EF2CJ
5FC:?8 ?6DE:?8 D62D@?] $:8?D 92G6 366? A@DE65 E@ 4=62C=J :56?E:7J
E96 =6G66 3@F?52CJ @7 E96 H:=5=:76 D2?4EF2CJ 2C62] ':D:E@CD 2C6
C6>:?565 E92E 5@8D 2C6 2==@H65 3FE >FDE C6>2:? @? =62D9 6I46AE
5FC:?8 82>6 3:C5 9F?E:?8 D62D@?D]k^Am
kAmt]t] (x{$~} (x{s{xut p#tp W|@?>@FE9Xi $AC:?8 D9@C6 3:C5
>:8C2E:@? :D :? 7F== DH:?8[ H:E9 2 5:G6CD:EJ @7 DA64:6D 36:?8
@3D6CG65 E9C@F89@FE 2C62 H6E=2?5D] q@E9 (6DE6C? r2?252 v@@D6 2?5
|2==2C5 3C@@5D 92G6 366? @3D6CG65 @? E96 2C62 :? E96 =2DE H66<]
|@C6 D64C6E:G6 DA64:6D DF49 2D q@342ED 2?5 q=24<\E2:=65 92G6 366?
>@C6 7C6BF6?E=J @3D6CG65 :? E96 =2DE EH@ H66<D] ~DAC6J 92G6
C6EFC?65 E@ E96 2?8=:?8 A@?5 H:E9 FA E@ 7@FC 36:?8 @3D6CG65 2E E96
D2>6 E:>6]k^Am
kAmkDEC@?8m}~#%w(t$% +~}tk^DEC@?8mk^Am
kAmkDEC@?8mux$wx}vk^DEC@?8mk^Am
kAm*~&%w ux$wx}v t't}%i ~su( 2?5 E96 u=@C6?46 $E6A 8C@FA H:== 36
9@DE:?8 2 7C66 J@FE9 7:D9:?8 6G6?E @? pAC:= ag] %96 6G6?E H:== 36
96=5 2E r=62H@I {2<6 H9:49 :D =@42E65 :? w@?6J>2? $E2E6 !2C<
2AAC@I:>2E6=J b >:=6D D@FE9 @7 u=@C6?46 @77 wHJ `_`] u:D9:?8 862C[
32:E 2?5 2DD:DE2?46 H:== 36 AC@G:565 3J @C82?:K6CD 7@C J@FE9 7C@>
gi__ 2]>] E@ ai__ A]>] @? $2EFC52J] %96 =2<6 H:== 36 DE@4<65 H:E9
DE2?52C5 42E4923=6 2?5 =2C86C EC@A9J C2:?3@H EC@FE] u@C 255:E:@?2=
:?7@C>2E:@? 42== dc`\gef\cfc`]k^Am
kAm}~#%w r~p$% {pzt$i $F?D6E[ rF==23J[ 2?5 {@DE =2<6D[ 2?5 '6C?@?:2
!@?5 H:== 36 DE@4<65 5FC:?8 E96 H66< @7 pAC:= b_] p?8=6CD D9@F=5
FD6 42FE:@? H96? 9625:?8 E@ {@DE {2<6 Wr=2ED@A r@F?EJX 2D 24E:G6
=@88:?8 2?5 EC2G6= C6DEC:4E:@?D 2C6 :? 67764E] r2== E96 %:==2>@@<
@77:46 2E d_b\gca\afc` 7@C >@C6 :?7@C>2E:@?]k^Am
kAm|xs r~p$% {pzt$i (66< @7 pAC:= ab[ ~su( H:== DE@4< E96 7@==@H:?8
H2E6C 3@5:6D H:E9 42E4923=6 C2:?3@H EC@FE] x? E96 }6HA@CE 2C62i q:8
rC66< #6D6CG@:CD ` 2?5 a[ ~=2==2 #6D6CG@:C] x? E96 u=@C6?46 2C62i
p=56C {2<6[ qF4< {2<6[ sF?6 {2<6[ t=3@H {2<6[ {@DE {2<6[ |6C46C
{2<6[ |F?D6= {2<6[ !6C<:?D {2<6[ $:=E4@@D {28@@?[ $:=E4@@D {2<6[
$FEE@? {2<6]k^Am
kAmp{$tp #x't#i w2E496CJ DE66=9625 C6EFC?D 92G6 D=@H65
4@?D:56C23=J] w2CG6DE @7 92E496CJ DE66=9625 H:== 36 D=@H E@ 72:C
E9C@F89 pAC:= 3FE 72:C E@ 8@@5 7@C 42E49 2?5 C6=62D6 @7 H:=5
DE66=9625] rFCC6?E C:G6C =6G6=D 2?5 7@C642DED 42? 36 7@F?5 2E
k2 E2C86ElQ03=2?<Q 9C67l
Q9EEAi^^HHH]?HC74]?@22]8@G^C:G6C^DE2E:@?^7=@HA=@E^7=@HA=@E]48:n%xs~bQm
9EEAi^^HHH]?HC74]?@22]8@G^C:G6C^DE2E:@?^7=@HA=@E^7=@HA=@E]48:n%xs~bk^2m]k^Am
kAm}t$%&rrp #x't# p}s %w#tt #x't#$i p?8=:?8 7@C H:?E6C DE66=9625
92D 366? D=@H E@ 72:C] %96C6 2C6 DE:== 2 76H 92E496CJ 2?5 H:=5
H:?E6C DE66=9625 2G2:=23=6] w2E496CJ DF>>6C DE66=9625 2C6 D9@H:?8
:? E96 42E49 @? 2 C68F=2C 32D:D[ 3FE @G6C2== 7:D9:?8 :D D=@H] p?
62C=J DAC:?8 r9:?@@< 92D 366? C6A@CE65[ 3FE 6IA64E 7:D9:?8 E@ 36
D=@H 5FC:?8 pAC:=] q67@C6 7:D9:?8[ 4964< C:G6C =6G6=D 2E k2 E2C86El
Q03=2?<Q 9C67l
Q9EEAi^^29ADa]HC9]?@22]8@G^29ADa^9J5C@8C2A9]A9AnH7@ABCQm9EEAi^^29ADa]HC9]?@22]8@G^29ADa^9J5C@8C2A9]A9AnH7@ABCk^2mk^Am
kAm$p{|~} #x't#i r=@D65 E@ 7:D9:?8 7@C D2=>@?[ DE66=9625 2?5 EC@FE
pAC:= ` E9C@F89 |2J ad]k^Am
kAm$x{t%+ #x't#i (:?E6C DE66=9625 7:D9:?8 :D D=@H E@ 72:C] w2E496CJ
H:?E6C DE66=9625 C6EFC?D 92G6 D=@H65 2E 32D:? EC2AD] u2:C E@ 8@@5
?F>36CD @7 H:=5 7:D9 2C6 36:?8 C6A@CE65 3J 2?8=6CD] %96 DF>>6C
DE66=9625 CF? :D 2AAC@249:?8 H:E9 72:C ?F>36CD 2?E:4:A2E65 E@
DE2CE:?8 D9@H:?8 2C@F?5 62C=J |2J] p?8=6CD D9@F=5 4@?46?EC2E6 @?
7:D9:?8 E96 FAA6C C:G6C 5FC:?8 9:896C H2E6C 4@?5:E:@?D] rFCC6?E
C:G6C =6G6=D 2?5 7@C642DED 42? 36 7@F?5 2E k2 E2C86ElQ03=2?<Q 9C67l
Q9EEAi^^HHH]?HC74]?@22]8@G^C:G6C^DE2E:@?^7=@HA=@E^7=@HA=@E]48:n$x{~bQm
9EEAi^^HHH]?HC74]?@22]8@G^C:G6C^DE2E:@?^7=@HA=@E^7=@HA=@E]48:n$x{~bk^2mk^Am
kAm$x&${p( #x't#i r=@D65 E@ 7:D9:?8 23@G6 E:56 H2E6C pAC:= `
E9C@F89 |2J ad] rFCC6?E C:G6C =6G6=D 2?5 7@C642DED 42? 36 7@F?5 2E
k2 E2C86ElQ03=2?<Q 9C67l
Q9EEAi^^HHH]?HC74]?@22]8@G^C:G6C^DE2E:@?^7=@HA=@E^7=@HA=@E]48:n|!{~bQm
9EEAi^^HHH]?HC74]?@22]8@G^C:G6C^DE2E:@?^7=@HA=@E^7=@HA=@E]48:n|!{~bk^2m]k^Am
kAm%x{{p|~~z qp*i p?8=:?8 7@C DEFC86@? :D 72:C] $2?5 D9C:>A :D E96
AC676CC65 32:E[ 2=E9@F89 >F5 D9C:>A H:== H@C< 2=D@] r@?46?EC2E6 @?
E96 492??6= 6586D @? E96 @FE8@:?8 E:56D 7@C 36DE DF446DD] |@G6
@7E6? F?E:= J@F =@42E6 D@>6 7:D9] p 76H DAC:?8 r9:?@@< D9@F=5 36
6?E6C:?8 E96 32J[ 3FE 6IA64E 7:D9:?8 E@ 36 D=@H F?E:= |2J]k^Am
kAm(x{$~} p}s %#p$z #x't#$i p 76H H:?E6C DE66=9625 2?5 D@>6 DF>>6C
DE66=9625 2C6 2G2:=23=6 :? E96 (:=D@? 2?5 %C2D< C:G6CD] p?8=:?8 92D
86?6C2==J 366? D=@H E@ 72:C] $AC:?8 r9:?@@< 2?8=:?8 :D 86?6C2==J
G6CJ D=@H 5FC:?8 pAC:=] r964< C:G6C =6G6=D 2E k2 E2C86ElQ03=2?<Q
9C67l
Q9EEAi^^29ADa]HC9]?@22]8@G^29ADa^:?56I]A9AnH7@ABCQm9EEAi^^29ADa]HC9]?@22]8@G^29ADa^:?56I]A9AnH7@ABCk^2m
AC:@C E@ 7:D9:?8]k^Am
kAmkDEC@?8mw&}%x}vk^DEC@?8mk^Am
kAmr~&vp# D62D@? :D @A6? @? E96 ?@CE9 4@2DE] %96D6 D64C6E:G6
2?:>2=D 2C6 5:77:4F=E E@ 9F?E :? 2? 24E:G6 D6?D6[ 3J DE2=<:?8 @C
8=2DD:?8 2C62D] %96J 2C6 36DE 9F?E65 7C@> 2 DE2?5 H:E9 2 AC652E@C
42== 2?5 2? 288C6DD:G6 42==:?8 E649?:BF6]k^Am
kAm$!#x}v qtp# D62D@? 6IE6?5D E9C@F89 |2J b` :? E96 (:=D@? 2?5
%C2D< (|&D] q62CD H:== 36 24E:G6 :? 62C=J pAC:=[ 2?5 H:== 36 3FDJ
7665:?8 @? 2 G2C:6EJ @7 7@@5 D@FC46D[ DF49 2D D<F?< 4233286[
:?D64ED 2?5 E96 42>3:F> WF?56C E96 32C<X =2J6CD @7 J@F?86C 4@?:76C
EC66D] pD H:E9 4@F82C[ @?46 362CD 92G6 366? <?@H? E@ @44FC :?
46CE2:? 2C62D[ 2 AC652E@C 42== :D E96 36DE 36E 7@C 86EE:?8 E96
2?:>2=D H:E9:? C2?86] pD E96 DAC:?8 AC@8C6DD6D[ 362CD H:== 36 7@F?5
@442D:@?2==J :? ?2EFC2= 2?5 4C62E65 7@C6DE @A6?:?8D[ 6DA64:2==J :?
E96 62C=J >@C?:?8 2?5 =2E6 6G6?:?8 9@FCD] ':D:E k2 E2C86ElQ03=2?<Q
9C67l
Q9EEAi^^HHH]57H]DE2E6]@C]FD^9F?E:?807@C642DE^:?56I]2DAQm9EEAi^^HHH]57H]DE2E6]@C]FD^9F?E:?807@C642DE^:?56I]2DAk^2m
7@C 2 4@>A=6E6 DAC:?8 362C 9F?E:?8 7@C642DE]k^Am
kAmkDEC@?8m'xt(x}vk^DEC@?8mk^Am
kAm%96 ~#tv~} r~p$% qx#sx}v %#px{ v&xst k2 9C67lQ9EEAi^^HHH]@C68@?4@2DE3:C5:?8]4@>QmHHH]@C68@?4@2DE3:C5:?8]4@>k^2m
:D 2 H63D:E6 E92E 9:89=:89ED 8C62E 3:C5:?8 @AA@CEF?:E:6D 2== 2=@?8
E96 ~C68@? 4@2DE] xEVD 5:G:565 :?E@ D64E:@?D @7 4@2DE=:?6[ 2?5 E96
?@CE9 4@2DE :D @?=J 2 4=:4< 2H2J 7C@> E96 >2:? 9@>6 A286] ~? E96
?@CE9 4@2DE A286[ J@F 42? 7:?5 <6J 2C62D H:E9 2 DF>>2CJ @7 3:C5D
EJA:42==J 7@F?5 E96C6 2=@?8 H:E9 2 =686?5 @7 D6CG:46D 7@F?5 ?62C3J]
{:?<D E@ 4964<=:DED 2?5 DA@?D@CD 42? 36 7@F?5 @? E96 9@>6 A286 2D
H6==]k^Am
kAmq{prz q#p}% 2C6 AC6D6?E :? }6E2CED q2J 5FC:?8 >@DE @7 E96 J62C]
%9:D E:>6 @7 J62C[ :EVD ?@E F?FDF2= E@ D66 D6G6C2= 9F?5C65 ?@H E92E
DAC:?8 >:8C2E:@? :D F?56CH2J] %96 3:C5D 2C6 G6CJ D9J @7 9F>2?
24E:G:EJ 2?5 2C6 2=>@DE 2=H2JD D66? :? E96 72C D@FE9H6DE6C? 4@C?6C
@7 E96 32J] %9FD[ 92G:?8 2 8@@5 DA@EE:?8 D4@A6 :D ?646DD2CJ E@ 7:?5
2?5 :56?E:7J E96>]k^Am
kAm%(x{xvw% tpv{t $p}r%&p#*[ =@42E65 62DE @7 pDE@C:2 @77 @7 wHJ b_
?62C $G6?D6?[ 2?5 :D 2? 6I46==6?E A=246 E@ D66 H:?E6C:?8 3:C5D :?
2?5 2C@F?5 E96 r@=F>3:2 #:G6C] }@E @?=J 5@ 32=5 628=6D 7C6BF6?E E96
25;246?E (@=7 q2J 2C62[ 3FE 2 H:56 2DD@CE>6?E @7 H2E6C =@G:?8
3:C5D[ :?4=F5:?8 DH2?D[ 866D6[ 5F4<D[ 8C636D 2?5 C2:=D 2D H6== 2D
D@?8 3:C5D] %96C6 :D 2 92?5:42A 2446DD:3=6 A=2E7@C> =@42E65 ;FDE
@77 @7 E96 C@25] q6 DFC6 E@ 3C:?8 J@FC 3:?@4F=2CD 2?5 DA@EE:?8
D4@A6]k^Am
kAm%w#tt p#rw #~rz$ }p%x~}p{ (x{s{xut #tu&vt :D 2 4@==64E:@? @7
D6G6C2= @77D9@C6 C@4<D =@42E65 ?62C ~462?D:56] }@E @?=J :D :E 9@>6
E@ E96 =2C86DE 2?5 >@DE 5:G6CD6 D623:C5 4@=@?J :? ~C68@?[ :E 2=D@
DFAA@CED 2 3C665:?8 A@AF=2E:@? @7 $E6==6C D62 =:@?D] p=E9@F89
?6DE:?8 D62D@? 7@C D623:C5D :D ?@E 96C6 J6E[ =2C86 8C@FAD @7 4@>>@?
>FCC6D 2?5 @E96C D623:C5D 42? 36 D66? DE28:?8 @? E96 C@4<D @C @?
E96 25;246?E H2E6CD] tG6? H96? E96 C@4<D D66> C6=2E:G6=J 32CC6?[
42C67F= @3D6CG2E:@? 42? @7E6? C6G62= 32=5 628=6D 2?5^@C A6C68C:?6
72=4@?D A6C4965 @? E@A @7 E96 C@4<D] p 8@@5 DA@EE:?8 D4@A6 :D G6CJ
96=A7F= 7@C G:6H:?8]k^Am
kAm$~}vqx#s$ 42? 36 962C5 E9C@F89@FE 7@C6DED @? E96 ?@CE9 4@2DE
5FC:?8 DAC:?8E:>6] {627\3C62< 92D DE2CE65 :? =@H6C 6=6G2E:@?
564:5F@FD EC66D 2?5 H:== 92AA6? D@@? 2E 9:896C 6=6G2E:@?D] $@>6 @7
E96 36DE G:6H:?8 @7 42?@AJ\5H6==:?8 3:C5D 42? 36 5@?6 ?@H 367@C6
E96 42?@AJ 364@>6D 4C@H565 H:E9 =62G6D] s@?VE 7@C86E 4=62C4FED H:E9
D?28D @C =62G6 EC66D :? E96>j E96J 42? 9@DE 2? 6?E:C6=J 5:776C6?E
DF:E6 @7 3:C5D E92? @=56C 7@C6DED 5@]k^Am
kAmq{prz ~*$%t#rp%rwt#$ 42? 36 D66? C68F=2C=J 2E r2A6 |62C6D
}2E:@?2= (:=5=:76 #67F86 =@42E65 2E E96 DE2E6 A2C< @7 E96 D2>6
?2>6] %96D6 F?FDF2= D9@C63:C5D >2<6 2 =:G:?8 @? C@4<J D9@C6D H:E9:?
E96 E:52= K@?6] %96JVC6 ?2>6 :D 24EF2==J 2 >:D?@>6C 2D E96J 62E
>FDD6=D 4=:?8:?8 E@ E96 3=24< C@4<D[ H9:49 42? >2<6 E96> 5:77:4F=E
E@ DA@E] xEVD 36DE E@ =@@< 7@C J6==@H 766E 2?5^@C @C2?86 3:==[ 2?5
6G6?EF2==J E96 C6DE @7 E96 3:C5 H:== 4@>6 :?E@ G:6H] v@@5
3:?@4F=2CD 2C6 2== E92EVD ?66565 E@ 7:?5 E96D6 DEC:<:?8 3:C5D]k^Am
kAmkDEC@?8m$~&%w(t$% +~}tk^DEC@?8mk^Am
kAmkDEC@?8mux$wx}vk^DEC@?8mk^Am
kAmp!!{tvp%t #x't#i r=@D65 E@ 2== 2?8=:?8 F?E:= |2J ae]k^Am
kAmp!!{tvp%t #t$t#'~x#i p?8=:?8 7@C C2:?3@H EC@FE[ =2?5\=@4<65
49:?@@< D2=>@?[ 32DD[ 2?5 A2?7:D9 92D 366? D=@H 5F6 E@ E96 4@@=
H62E96C 3FE D9@F=5 :>AC@G6 E9:D H66< 2D E96 H62E96C H2C>D FA]
&A52E65 3@2E 2446DD :?7@C>2E:@? :D 2G2:=23=6 3J 42==:?8 E96
pAA=682E6 #2?86C s:DEC:4E 2E dc`\ghh\bg__]k^Am
kAmq&#|p !~}si {682=\D:K65 C2:?3@H EC@FE H6C6 DE@4<65 =2DE H66<]
{2C86>@FE9 32DD 2?5 A2?7:D9 2C6 2=D@ 2G2:=23=6] %96 H2E6C =6G6= :?
E96 A@?5 92D 366? =@H6C65 E@ 724:=:E2E6 C6A2:CD E@ E96 52> 2?5 H:==
C6>2:? =@H E9C@F89 E96 DF>>6C]k^Am
kAmrwt%r~ #x't#i %96 r96E4@ #:G6C :D 4=@D65 F?E:= E96 EC@FE @A6?6C
|2J ae]k^Am
kAmr~~$ r~&}%* {pzt$i %C@FE 7:D9:?8 :D 8@@5 :? =@42= =2<6D] !@H6CD
!@?5[ t>A:C6[ qC25=6J[ 2?5 %6?>:=6 {2<6D 2C6 2== D4965F=65 E@ 36
DE@4<65 E96 H66< @7 pAC:= `e[ H:E9 =2C86 EC@A9J EC@FE 8@:?8 :?E@
!@H6CD !@?5[ t>A:C6 2?5 qC25=6J {2<6D] %96 |:==:4@>2 x?E6CAC6E:G6
r6?E6C J@FE9 7:D9:?8 A@?5 92D 366? G6CJ AC@5F4E:G6 7@C <:5D]
u:D9:?8 6BF:A>6?E :D 2G2:=23=6 7@C <:5D E@ FD6 2E E96 |:==:4@>2
!@?5] (2C>H2E6C 7:D9:?8 :D 2=D@ :>AC@G:?8 H:E9 D@>6 =2C86 32DD
D9@H:?8 FA 2E %6?>:=6 {2<6D]k^Am
kAmr~~$ #x't# qp$x}i }@ DE66=9625 C6A@CED 92G6 4@>6 :? C646?E=J]
$E66=9625 2?8=:?8 23@G6 E:56H2E6C H:== 4=@D6 pAC:= b_] t77@CE 92D
5C@AA65 @77[ 2==@H:?8 2?J C6>2:?:?8 2?8=6CD E@ 7:D9 :? =6DD 4C@H565
4@?5:E:@?D] p?8=6CD 2C6 =:<6=J E@ 6?4@F?E6C <6=ED 9625:?8 324< E@
D62] $FC7 A6C49 2?5 @E96C >2C:?6 7:D9 2C6 2G2:=23=6 :? r@@D q2J]
p?8=6CD D9@F=5 4@?46?EC2E6 2C@F?5 C@4< DECF4EFC6 @C A:=:?8D]k^Am
kAmr~"&x{{t #x't# qp$x}i %96 7@C<D @7 E96 r@BF:==6 4=@D6 E@
DE66=9625 2?8=:?8 @? pAC:= b_] $E66=9625 2C6 DE:== 2G2:=23=6 :? E96
r@BF:==6 3FE 7:D9:?8 92D D=@H65 2D H6 9:E E96 6?5 @7 E96 CF? 2?5
2?8=6CD >2J 6?4@F?E6C CF?324<D E9:D E:>6 @7 J62C] $EC:A65 32DD 2C6
2G2:=23=6 :? E96 r@BF:==6 6DEF2CJ H96C6 2?8=6CD FDF2==J 5@ 36EE6C
7:D9:?8 27E6C 52C<]k^Am
kAmsxp|~}s {pzti s:2>@?5 {2<6 H:== 36 DE@4<65 7@C E96 EC@FE @A6?6C
pAC:= ag] u@C >@C6 :?7@C>2E:@? G:D:E k2 E2C86ElQ03=2?<Q 9C67l
Q9EEAi^^HHH]57H]DE2E6]@C]FD^##^:?56I]2DAQm9EEAi^^HHH]57H]DE2E6]@C]FD^##^:?56I]2DAk^2mk^Am
kAms&%rw wt#|p} !~}si s&%rw wt#|p} !~}si {682=\D:K65 C2:?3@H EC@FE
H6C6 DE@4<65 =2DE H66<]k^Am
kAmt|xv#p}% #t$t#'~x#it>:8C2?E #6D6CG@:C 92D 366? DE@4<65 H:E9
=682=\D:K65 C2:?3@H EC@FE] %96 C6D6CG@:C :D ?@H 7F==[ 3FE E96 H2E6C
:D 4@@=] u:D9:?8 7@C EC@FE[ 32DD[ 2?5 A2?7:D9 92D 366? D=@H[ 3FE
D9@F=5 :>AC@G6 2D E96 H2E6C H2C>D H:E9 E96 :>AC@G65 H62E96C E9:D
H66<]k^Am
kAmt)!~ !~}si ~su( DE@4<65 E96 A@?5 H:E9 C2:?3@H EC@FE =2DE H66<]
u:D9:?8 7@C 32DD 2?5 A2?7:D9 92D 366? 72:C[ 3FE D9@F=5 :>AC@G6 2D
E96 H62E96C H2C>D]k^Am
kAmux$w {pzti {682=\D:K65 C2:?3@H EC@FE H6C6 DE@4<65 =2DE H66<]
p?8=:?8 677@CE 92D 366? =:89E H:E9 E96 4@=5 H62E96C[ 3FE 7:D9:?8
D9@F=5 36 8@@5 @?46 E96 H62E96C H2C>D FA] %96 =2<6 :D :46 7C66[ 2?5
E96 u@C6DE $6CG:46 2?5 u:D9 {2<6 #6D@CE 3@2E C2>AD 2C6 @A6?]
x?7@C>2E:@? @? u@C6DE $6CG:46 42>A8C@F?5D :D 2G2:=23=6 3J 42==:?8
E96 qFEE6 u2==D #2?86C s:DEC:4E @77:46 2E dc`\ged\af__] %96 u:D9
{2<6 #6D@CE 42? 36 C624965 2E dc`\hch\gd__]k^Am
kAmw~(p#s !#xp#xt #t$t#'~x#i w@H2C5 !C2:C:6 @A6?D E9:D $2EFC52J[
pAC:= ag[ 2?5 :? AC6A2C2E:@?[ ~su( DE@4<65 h[___ =682=\D:K65
C2:?3@H EC@FE E@ DFAA=6>6?E =2DE J62CVD 7:?86C=:?8 C6=62D6] %96
724:=:E:6D 2E E96 w@H2C5 !C2:C:6 #6D@CE 2?5 E96 y24<D@? r@F?EJ
!2C<D H:== 36 @A6?] {2C86>@FE9 32DD 2?5 D>2==>@FE9 32DD 2C6 2=D@
2G2:=23=6]k^Am
kAmw*p%% #t$t#'~x#i ~su( DE@4<65 =682=\D:K65 C2:?3@H 62C=J E9:D
H66< :? AC6A2C2E:@? 7@C E9:D $2EFC52JVD WpAC:= agX @A6?:?8]
u24:=:E:6D 2E E96 q{| 42>A8C@F?5 2D H6== 2D E9@D6 2E E96 C6D@CED
H:== 36 @A6?] wJ2EE 2=D@ @776C 8@@5 @AA@CEF?:E:6D E@ 42E49
BF2=:EJ\D:K65 =2C86>@FE9 32DD]k^Am
kAmx{{x}~x$ #x't#i r=@D65 E@ 2== 2?8=:?8 F?E:= |2J ae]k^Am
kAm{pzt $t{|pri {2<6 $6=>24 92D 366? DE@4<65 H:E9 =682=\D:K65
C2:?3@H EC@F[ 4@?D6BF6?E=J EC@FE 7:D9:?8 D9@F=5 36 8@@5 7@C 3@E9
32?< 2?5 3@2E 2?8=6CD] r2E49 C2E6D 7@C =2C86>@FE9 32DD 2?5 A2?7:D9
92G6 564=:?65 H:E9 E96 4@@= H62E96C[ 3FE D9@F=5 :>AC@G6 E9:D H66<
2D E96 H62E96C 4=62CD 2?5 E96 H2E6C H2C>D]k^Am
kAm{t|~{~ {pzti %C@FE @A6?6C 7@C {6>@=@ :D pAC:= ag] r2== E96 =@586
2E {6>@=@ E@ 4964< @? 4@?5:E:@?D @7 3@2E C2>AD 2?5 C6D6CG@:C]k^Am
kAm{~$% r#ttz #t$t#'~x#i %C@==:?8 2?5 7:D9:?8 7C@> E96 32?< D9@F=5
3@E9 36 AC@5F4E:G6 7@C E96 DE@4<65 C2:?3@H EC@FE] p?8=:?8 7@C
=2C86>@FE9 32DD[ D>2==>@FE9 32DD[ 2?5 A2?7:D9 :D D=@H H:E9 E96 4@@=
H62E96C[ 3FE D9@F=5 :>AC@G6 2D E96 H62E96C H2C>D E9:D H66<]k^Am
kAm|tsr~ !~}si ~su( DE@4<65 |654@ !@?5 H:E9 =682=\D:K65 C2:?3@H
EC@FE =2DE H66<] {2C86>@FE9 32DD 2?5 A2?7:D9 2C6 2G2:=23=6[ 2?5
7:D9:?8 7@C E96> D9@F=5 :>AC@G6 H96? E96 H62E96C H2C>D FA]k^Am
kAm!prxuxr ~rtp} U2>Aj qtprwt$i %96 ?62CD9@C6 !24:7:4 92=:3FE
D62D@? @A6?D |2J ` 7@C E96 46?EC2= 4@2DE] %96 2==\56AE9 92=:3FE
52E6D 7@C r2A6 u2=4@? E@ wF>3F8 |@F?E2:? H:== 36 |2J `_\`a[ `f\`h[
ac\ae[ b`[ yF?6 `\a[ 2?5 f\h] q@EE@> 7:D9:?8 :? E96 @462? 92D 366?
8@@5 H96? 3@2ED 42? 86E @FE] q2J 2?8=:?8 92D 366? 72:C]k^Am
kAm%96 7:CDE r9:?@@< 92D 366? 3C@F89E :?E@ r92C=6DE@?] u6H 2?8=6CD
92G6 E2C86E65 @462? D2=>@? H:E9 3@EE@> 7:D9:?8 36:?8 D@ 8@@5
C646?E=J] $FC7A6C49 7:D9:?8 D9@F=5 36 8@@5 ?@H 7@C 2?8=6CD 42DE:?8
D9C:>A @C @E96C 32:ED 7C@> E96 36249] $EC:A65 32DD @442D:@?2==J
DFCAC:D6 DFC7 7:D96CD 2=D@] v@@5 DA@ED 7@C DFC7A6C49 2C6 2C@F?5
w@CD72== q6249 2?5 qF==2C5D q6249] {@@< 7@C DE66A 362496D @C D>2==
DEC62>D 6?E6C:?8 E96 @462?]k^Am
kAm#tx}wp#% !p#z !~}si ~su( DE@4<65 E96 A@?5 H:E9 C2:?3@H EC@FE
=2DE H66<] u:D9:?8 7@C 32DD 2?5 A2?7:D9 92D 366? 72:C[ 3FE D9@F=5
:>AC@G6 H96? E96 H62E96C H2C>D]k^Am
kAm#~v&t #x't#[ {~(t#i $AC:?8 r9:?@@< 7:D9:?8 4@?E:?F6D E@ 36 D=@H]
(2C>6C H62E96C 2?5 9:896C 7=@HD 2C6 6IA64E65 E9:D H66< H9:49 D9@F=5
5C2>2E:42==J :>AC@G6 E96 3:E6] (2E6C E6>A6C2EFC6D 92G6 366? CF??:?8
:? E96 9:89 c_VD] q@2E 2?8=6CD 7:D9:?8 2C@F?5 t=6A92?E #@4< 92G6
366? 2G6C28:?8 23@FE 2 7:D9 A6C b 3@2ED] |@DE 2?8=6CD 92G6 366?
FD:?8 2? 2?49@GJ 2?5 DA:??6C 3=256] ]k^Am
kAm#~v&t #x't#[ |xss{ti p?8=:?8 7@C H:?E6C DE66=9625 :D D=@H] %96
7:CDE 76H DAC:?8 49:?@@< @7 E96 D62D@? 92G6 366? 42F89Ej 9@H6G6C[
E96J 2C6 ;FDE DE2CE:?8 E@ 2CC:G6 2?5 2?8=:?8 7@C E96> C6>2:?D D=@H
2D H6==] %96 C:G6C DE2CE65 E96 H66< 9:89 2?5 EFC3:5 5F6 E@ E96
C2:? =2DE H66<6?5[ 3FE D9@F=5 5C@A 2?5 4=62C @G6C E96 H66<] u=@HD
H6C6 2G6C28:?8 d[`__ 4F3:4 766E A6C D64@?5 2E vC2?ED !2DD 2D @7
|@?52J >@C?:?8] p?8=6CD 2C6 C6>:?565 E92E E96 C:G6C :D 4=@D65 E@
2== EC@FE 2?8=:?8 F?E:= |2J ae]k^Am
kAm#~v&t #x't#[ &!!t#i r2E496D @7 H:?E6C DE66=9625 2C6 5C@AA:?8
@77] $AC:?8 49:?@@< 2C6 DE2CE:?8 E@ 6?E6C E96 FAA6C #@8F6j
9@H6G6C[ G6CJ 76H 2C6 2G2:=23=6 2E E9:D E:>6] p E@E2= @7 `a[cc_
H:?E6C DE66=9625 2?5 c_ DAC:?8 49:?@@< D2=>@? 92G6 366? 4@F?E65 2E
v@=5 #2J s2> 2D @7 pAC:= a`] ~FE7=@HD 7C@> {@DE rC66< #6D6CG@:C
H6C6 2G6C28:?8 `[dh_ 4F3:4 766E A6C D64@?5 2D @7 |@?52J >@C?:?8[
2?5 E96 @FE7=@H E6>A6C2EFC6 7C@> E96 C6D6CG@:C H2D d_u]k^Am
kAmp?8=6CD 2C6 C6>:?565 E92E E96 C:G6C :D 4=@D65 E@ 2== EC@FE
2?8=:?8 F?E:= |2J ae]k^Am
kAm$~sp $!#x}v$ #t$t#'~x#i $@52 $AC:?8D C6D6CG@:C :D @A6? 2== J62C
C@F?5 7@C 3C@H? 2?5 C2:?3@H EC@FE] %96 C@25 E@ $@52 $AC:?8D 52> :D
4FCC6?E=J 4=@D65 5F6 E@ 2 9:89 G@=F>6 @7 5F>A ECF4<D 2?5 962GJ
6BF:A>6?E] pE E9:D E:>6 E96 @?=J 2446DD :?E@ E96 C6D6CG@:C :D 2E
|65:4:?6 rC66< 3C:586]k^Am
kAm$|x%w #x't#i $EC:A6CD 2C6 36:?8 42F89E :? E96 $>:E9 #:G6C
6DEF2CJ] |@DE DEC:A6C 7:D9:?8 :D 5@?6 3J 3@2E :? E96 =@H6C E6?
>:=6D @7 E96 6DEF2CJ] p E@E2= @7 ce_ H:?E6C DE66=9625 92G6 366?
7=@J E28865 2?5 A2DD65 E9C@F89 $>:E9 #:G6C u2==D] ~?=J 23@FE a_T @7
E96 H:?E6C DE66=9625 :? $>:E9 #:G6C FD6 E96 =2556C[ E96 C6>2:?56C
;F>A E96 72==D] %96 DE66=9625 CF? :D H:?5:?8 5@H? @? E96 $>:E9
2=E9@F89 E96C6 DE:== D9@F=5 36 7C6D9 7:D9 E@ 42E49] (:=5 DE66=9625
>FDE 36 C6=62D65 F?92C>65 7C@> E96 $>:E9 #:G6C] w2E496CJ 4=:AA65
DE66=9625 @?=J >2J 36 C6E2:?65]k^Am
kAm$~&%w r~p$% {pzt$ p}s !~}s$ u:D9:?8 92D D=@H65 @? >@DE 2C62
=2<6D] p?8=6CD 2C6 C6>:?565 E@ A:4< FA 2== 82C3286 27E6C
7:D9:?8]k^Am
kAm$~&%w r~p$% $%#tp|$i p== D@FE9 4@2DE DEC62>D 2C6 4=@D65 F?E:=
|2J ae EC@FE @A6?6C]k^Am
kAm$~&%w r~p$% qtprwt$i !6C49 7:D9:?8 92D 366? 8@@5] p?8=6CD D9@F=5
<66A 2? 6J6 @? DFC7 4@?5:E:@?D 2?5 E:56D 367@C6 9625:?8 @FE]
&DF2==J E96 36DE A6C49 7:D9:?8 :? @? 2? :?4@>:?8 E:56]k^Am
kAm$!p&{sx}v !~}si {2DE H66<VD DE@C>D AC6G6?E65 E96 D4965F=65
DE@4<:?8 @7 C2:?3@H EC@FE] %96J H:== 36 DE@4<65 ?6IE H66< @?46 E96
2446DD C@25 364@>6D A2DD23=6]k^Am
kAm%t}|x{t qp$x}i $E66=9625 7:D9:?8 :? %6?>:=6 2?5 t6= rC66<D H:==
4=@D6 pAC:= b_] t77@CE 92D 5C@AA65 @77 2D E96 D62D@? 4@>6D E@ 2
4=@D6] $A:?C66= !2C< :D 2 A@AF=2C DA@E 7@C 2?8=6CD H9@ 7:D9 H:E9:?
E96 A2C< @C H2=< 5@H?DEC62>] t6= rC66< :D @A6? 7@C DE66=9625
2?8=:?8 36=@H t6= {2<6[ 3FE E96 4C66< :D D>2== 2?5 3CFD9J[ 2?5
C6BF:C6D DA64:2= E649?:BF6D E@ 9@@< 2?5 =2?5 7:D9 7C@> D>2==
A@4<6ED]k^Am
kAm%~zt%tt {pzti u:D9:?8 :D @A6? :? %@<6E66 2== J62C C@F?5] pD
H2E6C E6>A6C2EFC6D D=@H=J :?4C62D6 v6C>2? qC@H? 7:D9:?8 H:==
:>AC@G6]k^Am
kAm&|!"&p t$%&p#*i rC233:?8 D9@F=5 36 A:4<:?8 FA 3FE 2== C6A@CED
D66> E@ :?5:42E6 E92E 4C233:?8 :D 8@@5 7@C 6G6CJE9:?8 3FE =682=D]
$EFC86@? 7:D9:?8 92D 366? DA@EEJ[ D@>6 DEFC86@? 2C6 36:?8 A:4<65 FA
:? E96 q:8 q6?5 2C62] $EC:A6C 7:D9:?8 4@?E:?F6D E@ :>AC@G6[ H:E9
D@>6 DEC:A6CD 36:?8 A:4<65 FA 3J DAC:?8 49:?@@< 7:D96C>6?] !:?< 7:?
A6C49 7:D9:?8 D9@F=5 C62==J EFC? @? :? E96 ?6IE >@?E9]k^Am
kAm&|!"&p #x't# |px}$%t|i $AC:?8 49:?@@< 7:D9:?8 :D D=@H[ 2 4C66=
4964<6C D2E 2E $4@EED rC66< C2>A 7@C >F49 @7 E96 `fE9 2?5 @?=J
4964<65 @?6 49:?@@<] $@>6 DE66=9625 W62C=J DF>>6CDX 2C6 36:?8
A:4<65 FA 2D H6== 2D E96 @442D:@?2= DEFC86@? 2?5 DEC:A6CD] %96
?F>36C @7 D=65 3@2ED 7:D9:?8 7C@> t=<E@? E@ $4@EED3FC8 4@?E:?F6D E@
:?4C62D6 H:E9 6249 H66<] x7 H2E6C E6>A6C2EFC6D H@F=5 :?4C62D6 2?5
E96 H62E96C H@F=5 4@@A6C2E6 DAC:?8 49:?@@< 7:D9:?8 D9@F=5 EFC? @?]
$AC:?8 49:?@@< 2?8=6CD 23@G6 t=<E@? C6>2:? =@H] (2E6C 7=@HD 2C6
9:89 6?@F89 E@ AC@G:56 8@@5 2446DD E@ >@DE DAC:?8 49:?@@< 9@=6 3J
5C:7E 3@2E @C D=65] p 76H D925 7:D96C>6? 2C6 @FE 2?5 42E49:?8 E96
7:CDE @7 E96 D925 CF?] u:D9:?8 H:== :>AC@G6 2D C:G6C H2E6CD 5C@A]
u:D9:?8 7@C D925 H:== =2DE :?E@ pF8FDE] #6E6?E:@? @7 H:=5 DE66=9625
H:== 4=@D6 @? pAC:= b_E9]k^Am
kAm&|!"&p #x't#[ }~#%wi (:?E6C DE66=9625 ?F>36CD 4C@DD:?8
(:?496DE6C s2> 92G6 D=@H65] $@>6 62C=J 92E496CJ QDF>>6CDQ 92G6 366?
D66? 4C@DD:?8 2?5 :? E96 7:D96CJ 36=@H E96 52>] r9:?@@< 7:D9:?8 2E
p>2496C !2C< C6>2:?D G6CJ D=@H 2?5 2E E9:D E:>6 E96C6 :D G6CJ
=:EE=6 AC6DDFC6] q@2E 2?8=6CD ?665 E@ C6>6>36C E@ 7:D9 36=@H E96
5625=:?6[ :7 2?8=6CD 2C6 42F89E 7:D9:?8 23@G6 E96 5625=:?6 E96J
H:== 36 E:4<6E65 3J ~$!] %96 7:CDE 4@?7:C>65 92CG6DE @7 2 DAC:?8
49:?@@< 92D @44FCC65 :? E96 #@4< rC66< 2C62] $AC:?8 49:?@@< 7:D9:?8
C6>2:?D G6CJ D=@H[ 2=E9@F89 E96 ?@C>2= DAC:?8 49:?@@< 9@=6D 2C6
368:??:?8 E@ 7:== FA H:E9 2?8=6CD] %9:D :D 2 8@@5 E:>6 E@ G:D:E 2?5
D66 DAC:?8 49:?@@< 2?5 DE66=9625 :? E96 G:6H:?8 H:?5@HD 2E E96 52>]
(:?496DE6C s2> 4@F?ED D9@H E92E h[c__ H:?E6C DE66=9625 2?5 de
DAC:?8 49:?@@< 92G6 A2DD65 @G6C E96 52> E9C@F89 pAC:= `hE9]k^Am
kAm&|!"&p #x't#[ $~&%wi (:=5 DE66=9625 >FDE 36 C6=62D65 F?92C>65 :?
E96 $@FE9 &>ABF2 #:G6C] %96 $@FE9 &>ABF2 H:== C6>2:? @A6? 7@C
DE66=9625 7:D9:?8 F?E:= pAC:= b_E9] u:D9:?8 2C@F?5 r2?J@?G:==6 92D
D=@H65[ >@DE 7:D9:?8 :D @44FCC:?8 7C@> r2?J@?G:==6 !2C< E@ |JCE=6
rC66<] %96C6 2C6 DE:== 92E496CJ DE66=9625 4@>:?8 324< E@ r2?J@?
rC66<] %96 5C:7E 3@2E D=:56 2E #F>>6= 32C :D ?62C=J :?2446DD:3=6
2?5 C6BF:C6D 2 8@@5 7@FC\H966= 5C:G6] q2?< 7:D9:?8 ?62C r2?J@?G:==6
C6>2:?D D=@H 3FE E96C6 2C6 7:D9 E@ 36 42F89E 2D 92E496CJ DE66=9625
4@?E:?F6 E@ <68 FA H2:E:?8 7@C 7=@HD E@ :?4C62D6 2==@H:?8 7:D9
2446DD :?E@ r2?J@? rC66<] w2E496CJ 4=:AA65 DE66=9625 @?=J >2J 36
C6E2:?65]k^Am
kAm(x{{~( {pzti (:==@H {2<6 92D 366? DE@4<65 H:E9 =682=\D:K65
C2:?3@H EC@FE 2?5 7:D9:?8 D9@F=5 36 8@@5] p?8=:?8 7@C 32DD 2?5
@E96C H2C>H2E6C 7:D9 92D 366? D=@H H:E9 E96 4@@= H62E96C[ 3FE
D9@F=5 :>AC@G6 H96? E96 H2E6C H2C>D 2?5 E96 7:D9 >@G6 :?E@ E96
D92==@HD] %96 DE@C6 2?5 >2:? 42>A8C@F?5 2C6 ?@H @A6?]k^Am
kAm(x}rwt$%t# qp*i rC233:?8 92D 366? D=@H 3FE D9@F=5 :>AC@G6 2D
D>2==6C 4C23D 8C@H E@ =682= D:K6] $EFC86@? 7:D9:?8 92D 2=D@ 366?
D=@H 3FE D9@F=5 :>AC@G6 2D >@C6 7@@5 6?E6CD E96 6DEF2CJ]k^Am
kAm$wt{{ux$wk^Am
kAm$wt{{ux$wi %96 6?E:C6 ~C68@? 4@2DE :D ?@H @A6? 7@C C2K@C 4=2>D[
32J 4=2>D[ 2?5 >FDD6=D] p{(p*$ rwtrz u~# wtp{%w ps'x$~#xt$ 3J
42==:?8 E96 ~C68@? s6A2CE>6?E @7 p8C:4F=EFC6VD $96==7:D9 =:?6 2E
`\g__\ccg\acfc 7@C FA52E6D] u@C >@C6 :?7@C>2E:@? 23@FE C2K@C 4=2>D
2?5 4FCC6?E DE2EFD @7 A2CE:4F=2C 2C62D D66 E96 ~su( C2K@C 4=2> H63
A286 2E k2 E2C86ElQ03=2?<Q 9C67l
Q9EEAi^^HHH]57H]DE2E6]@C]FD^|#!^D96==7:D9^C2K@C4=2>DQm9EEAi^^HHH]57H]DE2E6]@C]FD^|#!^D96==7:D9^C2K@C4=2>Dk^2mk^Am
kAmrC233:?8 :D 8@@5 :? E96 @462?] q2J 4C233:?8 92D 366? D=@H 3FE
A:4<65 FA C646?E=J] %96 r~~$ qp* D9@2=D Wa_\b_ 766E 566AX 2=@?8 E96
:?D:56 @7 E96 }@CE9 $A:E 7C@> t>A:C6 E@ r92C=6DE@? :D 2 8@@5 2C62
7@C 4C233:?8] !F3=:4 4C233:?8 5@4<D 42? 36 7@F?5 :? (:?496DE6C q2J[
q2?5@?[ r92C=6DE@?[ 2?5 t>A:C6]k^Am
kAmkDEC@?8mw&}%x}vk^DEC@?8mk^Am
kAmr@?EC@==65 DAC:?8 362C 9F?E:?8 @A6?65 pAC:= `] u@C 2 4@>A=6E6
a__f DAC:?8 362C 7@C642DE[ G:D:E k2 E2C86ElQ03=2?<Q 9C67l
Q9EEAi^^HHH]57H]DE2E6]@C]FD^9F?E:?807@C642DE^:?56I]2DAQm9EEAi^^HHH]57H]DE2E6]@C]FD^9F?E:?807@C642DE^:?56I]2DAk^2mk^Am
kAmv6?6C2= DAC:?8 EFC<6J 9F?E:?8 D62D@? @A6?65 pAC:= `d] u@C 2
4@>A=6E6 7@C642DE G:D:Ek^Am
kAmk2 E2C86ElQ03=2?<Q 9C67l
Q9EEAi^^HHH]57H]DE2E6]@C]FD^##^9F?E:?807@C642DE^EFC<6J]2DAQm9EEAi^^HHH]57H]DE2E6]@C]FD^##^9F?E:?807@C642DE^EFC<6J]2DAk^2mk^Am
kAmr~~$ r~&}%*k^Am
kAmr~&vp#i {@@< 7@C 2C62D 7C6BF6?E65 3J 566C 2?5 6=< E@ 9F?E
4@F82CD] #@25=6DD 2C62D @? AF3=:4 @C AC:G2E6 =2?5 H:E9 =:>:E65
2446DD 2C6 8@@5 49@:46D] #6>6>36C E@ Q2D< 7:CDEQ 367@C6 9F?E:?8
AC:G2E6 =2?5D] !C:G2E6 =2?5@H?6CD 42? 36 2 G2=F23=6 D@FC46 @7
:?7@C>2E:@? H96? :E 4@>6D E@ C646?E 4@F82C D:89E:?8D :? E96 2C62]
$@>6 9F?E6CD 7:?5 DF446DD :? 92CG6DE:?8 4@F82CD 3J FD:?8 AC652E@C
42==D :? 2C62D H96C6 4@F82C D:8? :D 7@F?5]k^Am
kAm%&#zt*i v6?6C2= EFC<6J D62D@? :D @A6? ?@H 7@C 25F=E 9F?E6CD]
%FC<6J A@AF=2E:@?D 92G6 366? @? E96 C:D6 :? r@@D r@F?EJ] !C6D6?E=J
E96C6 2C6 A@AF=2E:@?D :? @C ?62C 2== 2C62D :? E96 4@F?EJ H:E9
DF:E23=6 923:E2E] wF?E6CD D9@F=5 4@?46?EC2E6 E96:C 677@CED ?62C
28C:4F=EFC2= =2?5D] #6>6>36C 2D< 7:CDE 7@C A6C>:DD:@? E@ 9F?E]k^Am
kAm$!#x}v qtp# $tp$~} 92D 366? :? AC@8C6DD D:?46 pAC:= `] wF?E6CD
2C6 C6A@CE:?8 D66:?8 362CD @? D@FE9 D=@A6D :? 8C2DDJ 2C62D] wF?E:?8
D9@F=5 :>AC@G6 2D E96 H2C>6C H62E96C 4@>6D @? 2?5 362CD 364@>6 >@C6
24E:G6]k^Am
kAmr&##*[ yprz$~} p}s y~$t!wx}t r~&}%xt$k^Am
kAmr~&vp#$i p ?6H C68F=2E:@? 7@C a__f 2==@HD E96 AFC492D6 @7 EH@
4@F82C E28D[ 4@?DF=E C68F=2E:@?] r@F82C D62D@? :D 6IA64E65 E@ 36
2G6C286 E9:D J62C] r@F82C EC24<D >2J36 62D:=J =@42E65 2=@?8 C:586
=:?6D[ 288C6DD:G6 AC652E@C 42==:?8 92G6 C6DF=E65 :? DF446DD7F=
9F?E:?8] #6>6>36C :E :D F?=2H7F= E@ E2<6 DA@EE65 <:EE6?D @C 76>2=6D
H:E9 DA@EE65 <:EE6?D]k^Am
kAmr~*~%ti r@J@E6D ?F>36CD 92G6 :?4C62D65 :? @FC 4@F?E:6D] wF?E6CD
H:== 7:?5 8@@5 DF446DD 3J AC652E@C 42==:?8] %96C6 2C6 A=6?EJ @7
AF3=:4 =2?5D E@ 9F?E] x7 9F?E:?8 AC:G2E6 =2?5D C6>6>36C E@ 2D< 7@C
A6C>:DD:@?]k^Am
kAmqtp#i $AC:?8 362C 9F?E:?8 92D 366? 2G6C286 E@ D=@H :? DF446DD
H:E9:? E96 7:CDE 76H H66<D @7 E96 D62D@? 5F6 E@ E96 A6CD:DE6?E
C2:?D] pD 4=62C H2C>6C 52JD 2AAC@249 DF446DD D9@F=5 A:4<FA] q62CD
H:== 36 7@F?5 @? @A6? 9:== D:56D E2<6? 25G2?E286 @7 ?6H 8C66?
8C2DD6D] pC62D H96C6 7:C6D 92G6 8@?6 E9C@F89 :? E96 A2DE D6G6C2=
J62CD AC@G:56 8C62E 8C2DD 8C66? FA] q6D:56D =@@<:?8 :? 8C2DDJ
@A6?:?8D =@@< :? 5C2HD H96C6 EC24<D 42? 36 7@F?5 2=@?8 DEC62>D 2?5
3CFD9J 2C62D =625:?8 E@ @A6? 7@C286 2C62D] %96C6 2C6 A=6?EJ @7
AF3=:4 =2?5D 2G2:=23=6 7@C 9F?E:?8] #6>6>36C E92E :E :D F?=2H7F= E@
E2<6 4F3D =6DD E92? @?6 J62C @=5 @C D@HD H:E9 4F3D =6DD E92? @?6
J62C @=5]k^Am
kAm%&#zt*i (62E96C 92D D=@H65 DF446DD 7C@> H92E H2D 6IA64E65 3FE
J6E DF446DD 92D 366? 8@@5] %FC<6J ?F>36CD C6>2:? 9:89] $4@FE:?8
H:E9 E96 FD6 @7 =@42E@C 42==D H:== 96=A :? =@42E:?8 7=@4<D 2?5
C@@DE:?8 2C62D] %FC<6JD 42? 36 7@F?5 :? @2< D2G2??29 923:E2E H:E9
@A6? 8C2DDJ 4=62C:?8[ H96C6 >F49 @7 E9:D 923:E2E :D 7@F?5 @? =@H6C
6=6G2E:@? AC:G2E6 =2?5D 2?5 q{| AF3=:4 =2?5D] p 8C@H:?8 A@AF=2E:@?
:D 36:?8 7@F?5 :? E9:??65 @FE 2C62D @7 4@?:76C 7@C6DE 923:E2ED E92E
92G6 :?E6CDA6CD65 8C2DDJ 4=62C:?8D] %96 7:CDE 76H H66<D H:==
C646:G6 962GJ AC6DDFC6 7C@> 9F?E6CD ECJ FD:?8 2 G2C:6EJ @7
5:776C6?E 42==D 5FC:?8 J@FC D6E FA]k^Am
kAms~&v{p$ r~&}%*k^Am
kAmr~&vp#? wF?E6CD 42? 6IA64E 2? 2G6C286 J62C] r@F82CD 2C6 23F?52?E
E9C@F89@FE H:E9 :?5:42E@CD A@:?E:?8 E@ DE23=6 @C :?4C62D:?8
?F>36CD]k^Am
kAm%&#zt*? $AC:?8 EFC<6J D62D@? DE2CE65 pAC:= `d 2?5 4@?E:?F6D
E9C@F89 |2J b_] wF?E6CD 42? 6IA64E E96 DAC:?8 8@33=6C D62D@? E@ 36
23@G6 2G6C286 5F6 E@ :?4C62D:?8 3:C5D E9C@F89@FE E96 4@F?EJ] $@>6
?:46 362C565 EFC<6JD 92G6 366? E2<6? :? E96 #@D63FC8 2?5 %:==6C
2C62D D:?46 E96 D62D@? @A6?65] |@DE 96?D 2C6 4FCC6?E=J @77 ?6DE:?8
D@ >2?J 362C565 8@33=6CD 2C6 =@?6=J 2?5 >@C6 C646AE:G6 E@ 42==D] x?
86?6C2=[ >@DE EFC<6JD 2C6 7@F?5 @? @C 25;246?E E@ =@H\>:5 6=6G2E:@?
AC:G2E6 =2?5D 2DD@4:2E65 H:E9 @2< D2G2??29 923:E2E] wF?E6CD 2C6
C6>:?565 E@ @3E2:? A6C>:DD:@? 367@C6 9F?E:?8 @? AC:G2E6 =2?5D]k^Am
kAmkDEC@?8m'xt(x}vk^DEC@?8mk^Am
kAmr~~$ r~&}%*k^Am
kAmt2C=J DAC:?8 :D 2 8@@5 E:>6 7@C G:6H:?8 H:=5=:76 :? r@@D r@F?EJ]
q:8 82>6 2?:>2=D 2C6 364@>:?8 G:D:3=6 :? 4=62C 4FED 2?5 @E96C
7@C6DE @A6?:?8D] ~7E6? D@FE9 D=@A6D 2C6 E96 36DE A=246 E@ =@@< 5F6
E@ E96 724E E92E E96D6 D=@A6D H2C> 7:CDE :? E96 >@C?:?8D 2?5 8C66?
FA @44FCD E96C6 7:CDE]k^Am
kAm':6H:?8 @AA@CEF?:E:6D 2C6 8@@5 2E s62? rC66< t=< ':6H:?8 pC62
=@42E65 62DE @7 #665DA@CE @? wHJ] bg]k^Am
kAmq{prz qtp#$ 2C6 364@>:?8 24E:G6 2D DAC:?8 4@>6D @?] %9@D6
H:D9:?8 E@ D66 E96D6 6=FD:G6 2?:>2=D >2J 92G6 D@>6 =F4< FD:?8
@AE:4D E@ H2E49 7@C6DE @A6?:?8D] ~7E6? 362CD H:== >@G6 :?E@ D=:56D
@? 9:== D:56D H96C6 8C2DD :D 368:??:?8 E@ 8C66? FA]k^Am
kAmp 8@@5 G:6H:?8 @AA@CEF?:EJ 2G2:=23=6 ?@H E92E :D F?:BF6 E@ E96
4@2DE :D E96 G:6H:?8 @7 $tps&rz$ :? E96 32JD] $625F4<D 2C6 D4@E6CD[
6:56CD[ @=5DBF2H 92C=6BF:? 5F4<D 2?5 @E96CD] %96D6 DA64:6D 2C6
?F>6C@FD 2=@?8 E96 ~C68@? 4@2DE ?@H 2?5 E96J 2C6 :? AC:>6 A=F>286]
{@@< 7@C E96D6 3:C5D :? G2C:@FD A=246D :? E96 32JD @C 2=@?8 E96
4@2DE] s6A6?5:?8 @? E96 DA64:6D :? BF6DE:@? 2?5 H92E E96J 2C6
7665:?8 @? 2E E96 E:>6 E96D6 3:C5D 4@F=5 36 7@F?5 :? >2?J
=@42E:@?D] p=D@[ 8@@5 ?F>36CD @7 3C2?E 2C6 D9@H:?8 FA :? =@42=
32JD] %96J DE@A 2=@?8 E96 ~C68@? 4@2DE 2?5 @E96C A=246D E@ 7665 @?
E96:C ?@CE9H2C5 >:8C2E:@?]k^Am
kAmp{t&%xp} rp}psp vtt$t 2C6 4@?8C682E:?8 :? =2C86 ?F>36CD @? E96
D@FE9 4@2DE 2D E96J >:8C2E6 ?@CE9 7@C ?6DE:?8] %96D6 3:C5D 7665 :?
A2DEFC6D ?62C {2?8=@:D 5FC:?8 E96 52J 2?5 C@@DE @? @77\D9@C6 C@4<D
?62C q2?5@? 2E ?:89E] %96C6 H:== 36 2D >2?J 2D `__[___ 3:C5D :? E96
G:4:?:EJ 5FC:?8 E96:C A62< 2?5 E96J H:== =62G6 7@C E96 p=6FE:2?
:D=2?5D E@ ?6DE :? |2J]k^Am
kAm~E96C >:8C2?ED E@ 36 2H2C6 @7 2C6 $w~#tqx#s$] '2C:@FD DA64:6D @7
D2?5 A:A6CD[ A=@G6CD 2?5 @E96C D9@C6 3:C5D 2C6 2AA62C:?8 :? 32JD[
H6E=2?5D 2?5 2=@?8 362496D 2D E96J >:8C2E6 ?@CE9] %96D6 3:C5D 42?
36 G6CJ 6?E6CE2:?:?8 E@ H2E49 2D E96J 52CE 2C@F?5 7665:?8]k^Am
kAms~&v{p$ r~&}%*k^Am
kAm~3D6CG6 qp{s tpv{t$ 2=@?8 E96 >2:? &>ABF2 #:G6C 7C@> #@D63FC8 E@
#665DA@CE 2?5 }] &>ABF2 7C@> #@D63FC8 E@ $E62>3@2E rC66<]k^Am
kAmv@@5 62C=J >@C?:?8 (p%t#u~({ W5F4< 2?5 8@@D6X G:6H:?8 6I:DED 2E
r@@A6C rC] :? $FE96C=:? A=FD $E6H2CE !2C< :? #@D63FC8]k^Am
kAmr964< @FE !=2E x #6D6CG@:C :? $FE96C=:? 2E $FE96C=:? 4C66< :?=6E
@? E96 62DED:56 @7 E96 =2<6 7@C G2C:@FD $w~#qx#s$] %9:D 2C62 :D
2=D@ 2 8@@5 D:E6 E@ D66 #p!%~#$ =:<6 q=24<\D9@F=56C65 z:E6D 2?5
}@CE96C? v@D92H<D]k^Am
kAm$~}vqx#s$ =:<6 (6DE6C? q=F63:C5D[ q=24<\962565 vC@D362<D[ w@FD6
(C6?D[ E9CFD96D 2?5 G2C:@FD DA2CC@HD 2C6 AC6D6?E 2E $E6H2CE !2C<
sF4< !@?5 2?5 $E6H2CE !2C< EC2:= :? #@D63FC8] #6>6>36C E@ 4=62? @FE
J@FC D@?83:C5 ?6DE:?8 3@I6D @C AFE FA ?6H 3@I6D ?@H D:?46
4@FCED9:A[ ?6DE 3F:=5:?8 2?5 C2:D:?8 ?6DE=:?8D 92AA6?D 7@C >2?J
3:C5D :? pAC:= 2?5 |2J]k^Am
kAmux$w $!p(}x}v ? t249 J62C E96C6 :D 2 492?46 E@ @3D6CG6 H:=5
(:?E6C $E66=9625 DA2H?:?8 ;FDE 36=@H $@52 $AC:?8D 52> @? E96 }]
&>ABF2 #:G6C dd >:=6D 62DE @7 #@D63FC8]k^Am
kAmux$w !p$$pvt \ t249 J62C E96C6 2C6 (:?E6C $E66=9625 2?5 $AC:?8
r9:?@@< >:8C2E:?8 FADEC62> A2DD:?8 E9C@F89 (:?496DE6C 52> 7:D9
=2556C @? E96 }] &>ABF2 #:G6C H9:49 :D @A6? E@ E96 AF3=:4] %@ G:6H
E96 >:8C2E:?8 $E66=9625 8@ E@ 6I:E `ah @? x\d[ AC@4665 D@FE962DE @?
hh E@ E96 7:D9 =2556C @? E96 ?@CE9 D:56 @7 E96 C:G6C]k^Am
kAm#~v&t (p%t#$wtsk^Am
kAmst}|p} (x{s{xut |p}pvt|t}% p#tp AC@G:56D 2 4@G6C65 G:6H:?8
DE2E:@? H:E9 2 8@@5 @AA@CEF?:EJ E@ G:6H H2E6C7@H=[ 68C6ED[ C2AE@CD
2?5 D@?83:C5D] %96 DECF4EFC6 H2D 3F:=E 3J E96 ~C68@? wF?E6CD
pDD@4:2E:@? 2?5 :D 2446DD65 3J 2 A2G65[ H966=492:C\2446DD:3=6
A2E9H2J] xE :D @? E96 (96EDE@?6 !@?5[ ;FDE ?@CE9 @7 E96 ~su( #@8F6
(2E6CD965 u:6=5 ~77:46 :? r6?EC2= !@:?E]k^Am
kAm{pzt $t{|pr :D 2 8C62E A=246 E@ D66 H2E6C7@H=[ 628=6D[ @DAC6J
2?5 @E96C =2<6 D9@C6 3:C5D] s:C64E:@?D 7C@> vC2?ED !2DD[ E2<6 wHJ
`hh H6DE 23@FE `a >:=6D E@ =2<6 EFC? @77 D:8? 2E {2<6D9@C6 sC:G6]
%FC? =67E[ 7@==@H E@ =2<6]k^Am
kAm{~$% r#ttz {pzt AC@G:56D b_ >:=6D @7 EC2:=D H9:49 :?4=F56D
A@CE:@?D @7 E96 #@8F6 #:G6C }2E:@?2= #64C62E:@? %C2:=] p=@?8 E96
=2<6 2?5 C:G6C 32?<D 2 H:56 G2C:6EJ @7 H:=5=:76 2?5 H:=5 7=@H6CD
42? 36 @3D6CG65] s66C >2J 36 D66? 62C=J :? E96 >@C?:?8 2?5 =2E6
6G6?:?8D 2=@?8 H2E6C H2JD] p 3C@49FC6 @7 E96 EC2:= DJDE6> 42? 36
A:4<65 FA 2E 7656C2= =2?5 286?4J 2?5 G:D:E@C 46?E6CD :? E96
2C62]k^Am
kAm&!!t# p}s {~(t# %pq{t #~rz$ C:D6 g__ 766E 23@G6 E96 G2==6J
7=@@C] w23:E2E EJA6D C2?86 7@C> @2< D2G2??2 2?5 492A2CC2= E@
H@@5=2?5] ~? E96 DF>>:E 2 5:G6CD:EJ @7 H:=57=@H6CD 2?5 H:=5=:76 42?
36 7@F?5 2=@?8 E96 EC2:=D] $AC:?8 42? AC@G:56 D@>6 @7 E96 36DE
G:6H:?8 E:>6D]k^Am
kAmwp#q~# $tp{$ 42? 36 @3D6CG65 :? 6DEF2C:6D E9C@F89@FE E96 $@FE9
r@2DE] {@@< 7@C D2?5J 92F= @FE D:E6D] #6>6>36C[ DAC:?8 :D AFA:?8
D62D@? D@ A=62D6 @3D6CG6 E96D6 2?:>2=D 7C@> 2 5:DE2?46] x7 J@F
7:?5 AFAD @? E96 36249[ =62G6 E96> H96C6 J@F 7@F?5 E96>]k^Am
kAmkDEC@?8mrt}%#p{ +~}tk^DEC@?8mk^Am
kAmkDEC@?8mux$wx}vk^DEC@?8mk^Am
kAm%C@FE D62D@? @A6?D pAC:= ag] r@?E24E ~su( 2E E96 s6D49FE6D
(2E6CD965 ~77:46 Wdc`X bgg\ebeb 7@C >@C6 :?7@C>2E:@? @? 7:D9:?8
@AA@CEF?:E:6D]k^Am
kAmp}%t{~!t u{p% #t$t#'~x#i p?8=:?8 7@C `c\`g :?49 42CCJ@G6C
C2:?3@H EC@FE D9@F=5 36 72:C E@ 8@@5] r964< H:E9 ~49@4@ }2E:@?2=
u@C6DE dc`\c`e\ed__ 7@C 4FCC6?E 4@?5:E:@?D]k^Am
kAmqxv {p'p {pzti #@25D 2C6 @A6? :?E@ q:8 {2G2 {2<6 2?5 E96 3@2E
C2>A :D 4=62C] !C@DA64ED 2C6 6I46==6?E 7@C 2 8@@5 52J @7 7:D9:?8
4@>6 E9:D H66<6?5] %96 C2:?3@H EC@FE A@AF=2E:@? :? q:8 {2G2 {2<6 :D
5@:?8 H6== 2?5 2?8=6CD @? @A6?:?8 52J D9@F=5 7:?5 E96 7:D9 :? 8@@5
4@?5:E:@?] %96 EC@FE D9@H:?8 FA :? E96 4C66= H:== C2?86 :? =6?8E9
7C@> `a E@ `e :?496D H:E9 D@>6 7:D9 :? E96 `f E@ `h :?49 C2?86]k^Am
kAmr{tp# {pzti {@42E65 23@FE a_ >:=6D H6DE @7 |2FA:?] p446DD >2J 36
5:77:4F=E 5F6 E@ D?@H]k^Am
kAmr#p}t !#px#xt #t$t#'~x#i rC2?6 !C2:C:6 :D :46 7C66 2?5 3@2E
C2>AD 2?5 42>A8C@F?5D 2C6 2446DD:3=6] !C@DA64ED 2C6 G6CJ 8@@5 7@C 2
BF2=:EJ 7:D9:?8 6IA6C:6?46 2E rC2?6 !C2:C:6 @? @A6?:?8 H66<6?5] %96
C2:?3@H EC@FE A@AF=2E:@? :D :? 8@@5 D92A6 2?5 E96 @AA@CEF?:E:6D 7@C
3C@@< EC@FE 2C6 6I46==6?E] %96 <@<2?66 A@AF=2E:@? 92D :?4C62D65
@G6C AC6G:@FD J62CD 2?5 @776CD @AA@CEF?:EJ H6 92G6?VE D66? :? BF:E6
2 H9:=6] %96C6 :D 2=D@ 8@@5 @AA@CEF?:EJ 7@C =2C86>@FE9 32DD]k^Am
kAmr#t$rt}% {pzti z@<2?66 2?8=:?8 H2D 72:C=J 8@@5 @G6C E96 A2DE
H66<] %96C6 H6C6 C6A@CED @7 D@>6 G6CJ ?:46 <@<2?66 :? E96 `e :?49
42E68@CJ D9@H:?8 FA :? E96 4C66=]] pAC:= :D EJA:42==J 2 8@@5 >@?E9
E@ E2C86E 3C@H? EC@FE[ =2<6 EC@FE 2?5 <@<2?66] z@<2?66 2?8=6CD 92G6
925 DF446DD 3@E9 ;:88:?8 2?5 EC@==:?8] z@<2?66 DE:== 2C6 9@=5:?8 :?
566A6C H2E6C] %C@==:?8 D9@C6=:?6 2C62D :? `d 766E @7 H2E6C H:E9 2
G2C:6EJ @7 =FC6D 92D 366? 2 DF446DD7F= E649?:BF6 7@C 3C@H?D @G6C
E96 76H H66<D]k^Am
kAmr#~~zts #x't# qt{~( q~(|p} sp|i $EC62> 7=@HD 2C6 AC65:4E65 E@ 36
2AAC@I:>2E6=J d__ ru$ 3J E96 H66<6?5] #646?E C2:?D 2?5 D?@H>6=E
92G6 C6DF=E65 :? :?4C62D65 C6=62D6D 7C@> E96 52>] p?8=:?8
4@?5:E:@?D 2C6 >2C8:?2= F?E:= 7=@HD 2C6 C65F465]k^Am
kAmr&{%&$ {pzti rF=EFD {2<6 :D ?@H 2446DD:3=6 2?5 2?8=6CD H6C6 @FE
@? E96 =2<6 @G6C E96 H66<6?5] %96C6 2C6 ?@ C6A@CED 7C@> 2?8=6CD
9@H6G6C @? E96:C DF446DD] $AC:?8 :D E96 36DE E:>6 E@ 7:D9 7@C =2<6
EC@FE 2E rF=EFD {2<6 ]k^Am
kAmsp'x$ {pzti #6A@CED @7 7=J 2?8=6CD 42E49:?8 2 76H =2C86>@FE9
32DD] }@ C6A@CED @? E96 C6532?5 EC@FE 42E49]k^Am
kAmst$rw&%t$ #x't#i sCJ 7=J 7:D9:?8 92D 366? D=@Hj 2?8=6CD D9@F=5
=@@< 2E FD:?8 ?J>A9:?8 E24E:4D :? E96 D=@H H2E6C 2C62D] {2<6 q:==J
r9:?@@< E@ q6?92> u2==Di }@ 2?8=6CD H6C6 @3D6CG65 @? E96 C:G6C 2D
32D:D 7@C 2 C6A@CE] %9:D :D 2 8@@5 E:>6 E@ 7:D9 E96 >:55=6
s6D49FE6D 7@C 3C@H? EC@FE 2?5 C2:?3@H EC@FE]k^Am
kAmtp$% {pzti #@25D :?E@ t2DE {2<6 H:== 36 @A6? 7@C E96 H66<6?5
E9@F89 E96C6 2C6 4FCC6?E=J ?@ @A6? 3@2E C2>AD] pD @7 |@?52J E96
=2<6 DE:== 925 2 DF3DE2?E:2= 2C62 4@G6C65 :? :46 E9@F89 E92E DE2EFD
42? 492?86 @G6C E96 4@FCD6 @7 2 52J] %96C6 2C6 ?@ @A6? 42>A8C@F?5D
2E E9:D E:>6]k^Am
kAmt{z {pzti }@E J6E 2446DD:3=6]k^Am
kAmup{{ #x't#i ~3D6CG2E:@?D :?5:42E6 DF446DD 7@C C2:?3@H EC@FE H2D
A@@C 5FC:?8 E96 4@FCD6 @7 E96 A2DE H66<]k^Am
kAmu#~v {pzti {@42E65 23@FE a_ >:=6D H6DE @7 |2FA:?] p446DD >2J 36
5:77:4F=E 5F6 E@ D?@H]k^Am
kAmwp*$%prz #t$t#'~x#i ~AA@CEF?:E:6D 7@C `a\`g :?49 C2:?3@H 2?5
3C@H? EC@FE 2C6 72:C E@ 8@@5] pAAC@I:>2E6=J `__ C2:?3@H EC@FE 3C@@5
7:D9 H:== 36 C6=62D65 E9:D H66<]k^Am
kAmw~$|t# {pzti }@E J6E 2446DD:3=6]k^Am
kAm{pzt qx{{* rwx}~~zi qF== EC@FE 2?8=:?8 H2D 72:C =2DE H66< H:E9
>@DE 7:D9 42F89E 62C=J :? E96 >@C?:?8 @C :? E96 6G6?:?8] r@G6
!2=:D256D $E2E6 !2C< :D 4FCC6?E=J 4@?5F4E:?8 C6A2:CD 2?5
:>AC@G6>6?ED E@ E96 3@2E C2>A @? E96 rC@@<65 #:G6C pC>] %96 @?=J
3@2E C2>AD @A6? 7@C =2F?49:?8 2C6 E96 FAA6C C2>A @? E96 s6D49FE6D
pC> 2?5 !6CCJ $@FE9 @? E96 |6E@=:FD pC>] %9:D :D D4965F=65 E@ 36 :?
67764E F?E:= |2J `d] r@?E24E E96 $E2E6 !2C< 7@C 4FCC6?E :?7@C>2E:@?
2E dc`\dce\bc`ak^Am
kAm{x%%{t {p'p {pzt {:EE=6 =2G2 :D 2446DD:3=6 2?5 :46 7C66]
!C@DA64ED 7@C C2:?3@H EC@FE 2?5 3C@@< EC@FE 2E {:EE=6 {2G2 {2<6 2C6
6I46==6?E]k^Am
kAm|t%~{x&$ #x't#i p?8=6CD :?E6CG:6H65 @G6C E96 H66<6?5 C6A@CE65
42E49:?8 2 76H C6532?5 EC@FE E9@F89 @G6C2== E96 7:D9:?8 D66>65 E@
36 2 =:EE=6 @? E96 D=@H D:56]k^Am
kAm}~#%w %(x}i p?8=6CD 2C6 C6A@CE:?8 72:C DF446DD 2E }@CE9 %H:?]
{2E6 H:?E6C^62C=J DAC:?8 2E }@CE9 %H:? {2<6 AC@G:56D 2 8@@5
@AA@CEF?:EJ 7@C C2:?3@H EC@FE H9:49 42CC:65 @G6C 7C@> E96 DF>>6C @7
a__e]k^Am
kAm~rw~r~ #t$t#'~x#i ~AA@CEF?:E:6D 7@C `a\`e :?49 C2:?3@H EC@FE 2C6
72:C E@ 8@@5] q@2E 2?8=6CD 86?6C2==J E2C86E E96 FAA6C 6?5 @7 E96
C6D6CG@:C ?62C E96 >@FE9D @7 |:== 2?5 ~49@4@ rC66<D E9:D E:>6 @7
J62C] qF==9625 2?8=:?8 2E E96 62DE 6?5 @7 E96 C6D6CG@:C D9@F=5 36
6I46==6?Ek^Am
kAm~st{{ {pzti ~56== {2<6 :D :46 7C66 H:E9 2446DD:3=6 3@2E C2>AD 2E
E96 C6D@CED[ $F?D6E r@G6 2?5 !C:?46DD rC66<] !C@DA64ED 2C6 8@@5 7@C
E9@D6 2?8=6CD D66<:?8 <@<2?66] p?8=6CD D9@F=5 36 @? E96 =2<6 2E
52J=:89E 7@C 36DE C6DF=ED] %96C6 :D 2=D@ 8@@5 @AA@CEF?:EJ 7@C =2<6
EC@FE 2?5 C2:?3@H EC@FE]k^Am
kAm!p&{x}p {pzti #@25D :?E@ !2F=:?2 {2<6 H:== 36 @A6? 7@C E96
H66<6?5] pD @7 |@?52J E96 =2<6 DE:== 925 2 DF3DE2?E:2= 2C62 4@G6C65
:? :46 E9@F89 E92E DE2EFD 42? 492?86 @G6C E96 4@FCD6 @7 2 52J]
{:EE=6 rC2E6C r2>A8C@F?5 >:89E 36 2446DD:3=6] !=62D6 4964< H:E9
!2F=:?2 {2<6 {@586 7@C 2? FA\E@ 52E6 DE2EFD @7 E96 :46
4@?5:E:@?D]k^Am
kAm!#x}t'x{{t #t$t#'~x#i ~AA@CEF?:E:6D 7@C `a\`e :?49 C2:?3@H EC@FE
2C6 72:C E@ 8@@5] qF==9625 2?8=:?8 :? E96 FAA6C 6?5 @7 E96
C6D6CG@:C D9@F=5 36 6I46==6?E] %96 ?@CE9D:56 2446DD C@25 :D
@A6?]]k^Am
kAm#~rz r#ttz #t$t#'~x#i {@42E65 ?62C (2>:4] ~su( H:== DE@4< E9:D
H2E6C3@5J :? E96 DAC:?8]k^Am
kAm$~&%w %(x}i $@FE9 %H:? {2<6 :D 2446DD:3=6 2?5 :46 7C66] $@FE9
%H:? {2<6 AC@G:56D 8@@5 @AA@CEF?:EJ 7@C `_ E@ `e :?49 C2:?3@H
EC@FE] %96 =2<6 92D 8@@5 D9@C6=:?6 2446DD 2?5 AC@G:56D 8@@5 D96=E6C
7C@> E96 H:?5]k^Am
kAm$&%%{t {pzt] p?8=6CD C6A@CE65 8@@5 DF446DD 7@C 3C@H? EC@FE]
$AC:?8E:>6 2E $FEE=6 {2<6 AC@G:56D 8@@5 @AA@CEF?:EJ 7@C 3C@H? EC@FE
2?5 <@<2?66]k^Am
kAm(xrzx&! #t$t#'~x#i (:4<:FA #6D6CG@:C :D :46 7C66 2?5 2== E96
42>A8C@F?5D 2?5 C2>AD 2C6 2446DD:3=6] ~A6?:?8 H66<6?5 9@=5D 8@@5
AC@DA64ED E9@D6 2?8=6CD :?E6C6DE65 :? 3C@H? EC@FE 2?5 <@<2?66]
#2:?3@H EC@FE 2?5 =2C86>@FE9 32DD 2C6 2=D@ 2G2:=23=6 7@C E96
2?8=6C]k^Am
kAm(p{%~} {pzti ~AA@CEF?:E:6D 7@C 42CCJ@G6C C2:?3@H EC@FE FA E@ `e
:?496D D9@F=5 36 72:C E@ 8@@5] %96 82E6 E@ E96 42>A8C@F?5 :D 4=@D65
2?5 2?8=6CD H:== 92G6 E@ H2=< E96 =2DE ¼ >:=6 E@ E96 =2<6]k^Am
kAmkDEC@?8mw&}%x}vk^DEC@?8mk^Am
kAmu@C 2 4@>A=6E6 a__f DAC:?8 362C 7@C642DE[ G:D:E k2 E2C86El
Q03=2?<Q 9C67l
Q9EEAi^^HHH]57H]DE2E6]@C]FD^9F?E:?807@C642DE^:?56I]2DAQm9EEAi^^HHH]57H]DE2E6]@C]FD^9F?E:?807@C642DE^:?56I]2DAk^2mk^Am
kAm%96 86?6C2= DAC:?8 EFC<6J 9F?E:?8 D62D@? @A6?D pAC:= `d] u@C 2
4@>A=6E6 7@C642DE G:D:E k2 E2C86ElQ03=2?<Q 9C67l
Q9EEAi^^HHH]57H]DE2E6]@C]FD^##^9F?E:?807@C642DE^EFC<6J]2DAQm9EEAi^^HHH]57H]DE2E6]@C]FD^##^9F?E:?807@C642DE^EFC<6J]2DAk^2m
wF?E6CD :? E96 w@@5 &?:E H:== 92G6 36EE6C 2446DD E@ E96 >:5
6=6G2E:@?D 5F6 E@ E96 =24< @7 D?@H :? E9@D6 2C62D]k^Am
kAm~rw~r~ sx$%#xr%k^Am
kAmvt}t#p{i q6 AC6A2C65 7@C G2C:23=6 H62E96C 4@?5:E:@?D] $?@H
244F>F=2E:@?D 2C6 5:D2AA62C:?8j 9@H6G6C D@>6 A6CD:DE6?E 5C:7ED
C6>2:? 23@G6 c___ 766E] ~77 C@25 >@E@C:K65 EC2G6= D9@F=5 ?@E 36
2EE6>AE65 H:E9@FE AC@A6C 6BF:A>6?E 2?5 4964<:?8 H:E9 =@42= q{| 2?5
u@C6DE $6CG:46 @77:4:2=D C682C5:?8 >@E@C:K65 2446DD
C68F=2E:@?D]k^Am
kAm!#x}t'x{{t #t$t#'~x# (|pi %96 ?@CE9 D:56 2446DD C@25 :D @A6?[
H:E9 >@E@C:K65 2446DD =:>:E65 E@ E9:D C@FE6 @?=J] %9:D :D 2?
F?:>AC@G65 5:CE C@25 ?@E DF:E23=6 7@C EC2G6= 3J =@H 4=62C2?46
G69:4=6D @C H:E9 EC2G6= EC2:=6CD]k^Am
kAmr~&vp#i r@F82C 2C6 C6A@CE65 C68F=2C=J :? E96 |2FCJ[ ~49@4@[ 2?5
vC:KK=J F?:ED[ 2E 2== 6=6G2E:@?D 2?5 923:E2E EJA6D] s66C[ 6=<[ 2?5
AC@?89@C? 92G6 >@G65 @77 @7 H:?E6C:?8 2C62D 2?5 2C6 D42EE6C65 2E
9:896C 6=6G2E:@?D 24C@DD EC2?D:E:@? 2?5 DF>>6C C2?86D] r@F82C H:==
36 7@==@H:?8 E96> 2?5 36 92C56C E@ 7:?5 2D 3:8 82>6 >@G6 @? E@ E96
>@C6 6IA2?D:G6 DF>>6C:?8 2C62D @? E96 ~49@4@ }2E:@?2= u@C6DE]k^Am
kAmv#~&}s $"&x##t{$i $BF:CC6=D 92G6 6>6C865 2?5 2C6 24E:G6 :?
28C:4F=EFC2= 7:6=5D 2?5 A2DEFC6D] q6DE @AA@CEF?:E:6D 2C6 @? AC:G2E6
=2?5D 62DE @7 !C:?6G:==6 2=@?8 E96 rC@@<65 #:G6C 36EH66? !2F=:?2
2?5 !@DE] %96D6 2C6 AC:G2E6 =2?5D H96C6 A6C>:DD:@? 7C@> =2?5@H?6CD
:D ?646DD2CJ 367@C6 9F?E:?8]k^Am
kAm%&#zt*i q:C5D 92G6 >@G65 7C@> H:?E6C:?8 2C62D E@ 9:896C
6=6G2E:@?D[ :?4=F5:?8 ?2E:@?2= 7@C6DE =2?5D @? {@@<@FE |@F?E2:? 2?5
!2F=:?2 #2?86C s:DEC:4ED] pC62D E@ 4@?D:56C :?4=F56 q62C 2?5 %C@FE
rC66<D[ 2?5 2=@?8 E96 D@FE96C? 3@F?52CJ @7 E96 !2F=:?2 #2?86C
s:DEC:4E 7C@> }] u@C< rC@@<65 #:G6C E@ E96 3C62<D @7 E96 $] u@C<
y@9? s2J #:G6C]k^Am
kAmkDEC@?8m'xt(x}vk^DEC@?8mk^Am
kAm~rw~r~ sx$%#xr%i q2=5 2?5 8@=56? 628=6D[ 2 G2C:6EJ @7 92H<D 2?5
72=4@?D[ 2?5 H2E6C7@H= 2C6 AC6D6?E 2=@?8 E96 !@DE\!2F=:?2 w:89H2J
62DE @7 !C:?6G:==6] x7 @3D6CG6CD 6IE6?5 E96:C 5C:G6 2?5 :?4=F56 E96
!F6EE #@25 =@@A E9C@F89 E96 !2F=:?2 #2?86C $E2E:@? E96J 92G6 2?
@AA@CEF?:EJ @7 D66:?8 H:?E6C:?8 566C[ AC@?89@C?[ 6=<[ 2?5 4@J@E6D]
%9:D C@FE6 :D DF:E23=6 7@C A2DD6?86C 42CD]k^Am
kAm{~(t# st$rw&%t$ (x{s{xut p#tpi ':D:E@CD E@ E9:D 2C62 42? D66
r2=:7@C?:2 3:89@C? D966A @? 2 C68F=2C 32D:D FADEC62> @7 w2CC:D
r2?J@? W#| `aX] {2>3D 2C6 36:?8 3@C? DE2CE:?8 E96 7:CDE 4@FA=6
H66<D @7 pAC:=] p446DD H:== 36 3J 3@2E @C 3:4J4=6] $966A 42? 2=D@
36 D66? @? E96 s6D49FE6D #:G6C 5@H? E96 |24<VD r2?J@? #@25 5@H?
DEC62> @7 $962C6CVD u2==D H:E9 2 >2;@C =2>3:?8 8C@F?5D 2E
q62G6CE2:=]k^Am
kAmkDEC@?8m$~&%wtp$% +~}tk^DEC@?8mk^Am
kAmkDEC@?8mux$wx}vk^DEC@?8mk^Am
kAm~su( H:== 368:? DE@4<:?8 EC@FE :? >2?J @7 E96 =2<6D 2?5
C6D6CG@:CD :? E96 4@>:?8 H66<D] !=62D6 D66 E9:D H63D:E6 7@C 2
DE@4<:?8 D4965F=6 7@C E96 z=2>2E9\|2=96FC H2E6CD965D k2 E2C86El
Q03=2?<Q 9C67l
Q9EEAi^^HHH]57H]DE2E6]@C]FD^~su(9E>=^x?7@r?ECu:D9^EC@FE0DE@4<:?80D4965^a__f^D@FE962DE^z=2>2E90|2=9F6C]9E>=p}pQm
9EEAi^^HHH]57H]DE2E6]@C]FD^~su(9E>=^x?7@r?ECu:D9^EC@FE0DE@4<:?80D4965^a__f^D@FE962DE^z=2>2E90|2=9F6C]9E>=p}pk^2m
#t$t#'~x#i p?8=:?8 7@C C2:?3@H EC@FE 92D 366? 72:C] |@DE 2?8=:?8
@44FCD 7C@> E96 32?< FD:?8 32:E] p?8=:?8 7@C 9J3C:5 32DD 92D 366?
D=@H] %96 C6D6CG@:C :D 7F==k^Am
kAmp}p #x't#i p?8=:?8 7@C C2:?3@H EC@FE 92D 366? 8@@5] |2J7=J 2?5
4255:D7=:6D 2C6 92E49:?8 :? 8@@5 ?F>36CD :? E96 62C=J 27E6C?@@?]
#646?E D2>A=:?8 92D D9@H? 8@@5 DFCG:G2= @7 7:?86C=:?8D[ A=6?EJ @7
7:D9 2G:23=6 @G6C gQ :? 8@@5 4@?5:E:@?] u:D9 2C6 4@?46?EC2E65
36EH66? E96 C6D6CG@:C 52> 2?5 s6D6CE $AC:?8 w2E496CJ] {@@< 7@C
C:D:?8 EC@FE :? D92565 2C62D @7 E96 C:G6C @C H2:E F?E:= @G6C42DE
52JD E@ 7:D9 @G6C C:D:?8 7:D9] %96D6 7:D9 42? 36 G6CJ DA@@<J D@
DE62=E9 :D C6BF:C65] q2:E 2?8=:?8 :D AC@5F4E:G6]k^Am
kAmqt&{pw #t$t#'~x#i %96 C6D6CG@:C H2D ga A6C46?E 7F== @? pAC:= aa[
2?5 :?7=@H H2D `ba 47D] u:D9:?8 :D D=@H]k^Am
kAmqxv #~rz #t$t#'~x#i %96 C6D6CG@:C 92D 5C:65 4@>A=6E6=J :? C646?E
J62CD[ 2?8=:?8 7@C =2DE J62CD C2:?3@H EC@FE :D 8@@5[ 6DA64:2==J :?
E96 =2E6 27E6C?@@?] u:D9 D66> >@C6 C646AE:G6 E@ 7=:6D E92? 32:E]
%96 C6D6CG@:C :D 2E 92=7\7F== 2?5 564=:?:?8]k^Am
kAmq{x%+t} #x't#i u2:C 2?8=:?8 7@C C6532?5 EC@FE[ 3FE A2J 2EE6?E:@?
E@ 7=F4EF2E:?8 C:G6C 4@?5:E:@?] u=@H 7=F4EF2E65 36EH66?
2AAC@I:>2E6=J h__ 2?5 fg_ 47D 7C@> pAC:= `e E9C@F89 pAC:= ab]k^Am
kAmq&{{* r#ttz #t$t#'~x#i %96 C6D6CG@:C H2D gc A6C46?E 7F== @?
pAC:= `d] p?8=:?8 7@C H2C>H2E6C 7:D9 :D D=@H]k^Am
kAmq&#}$ !~}si %96 A@?5 H:== 36 DE@4<65 H:E9 C2:?3@H EC@FE E9:D
H66<] p?8=:?8 D9@F=5 36 8@@5]k^Am
kAmrwxrzpw~|x}* #t$t#'~x#i p?8=:?8 :D 72:C E@ 8@@5 7@C `a E@ `g
:?49 C2:?3@H EC@FE] u=J 2?8=6CD 2?5 EC@==6CD 92G6 925 E96 36DE
DF446DD]k^Am
kAmq&#}% #x't#i &ADEC62> 7C@> wF?E:?8E@?\#:49=2?5 #@25 qC:586 H:==
36 @A6?65 7@C 7:D9:?8 @? pAC:= ag]k^Am
kAmrwt(p&rp} #x't#i #:G6C 7=@HD 2C6 564C62D:?8 2?5 H2E6C
E6>A6C2EFC6D 2C6 AC@5F4:?8 :>AC@G65 7:D9:?8 4@?5:E:@?D] {@@< 7@C
7:D9:?8 E@ 36 36DE :? E96 62C=J >@C?:?8D]k^Am
kAmr~%%~}(~~s #t$t#'~x#i p?8=:?8 :D 72:C H:E9 :?4C62D:?8 H2E6C
E6>A6C2EFC6D 2?5 E96 6?5 @7 DA2H?:?8] %96 36DE >6E9@5 7@C 7:D9:?8
r@EE@?H@@5 #6D6CG@:C :D 2?8=:?8 7C@> E96 52> @C EC@==:?8 >:??@H
:>:E2E:@?D WC2A2=2D[ 4=6@D[ 5646:G6C 7=:6DX 7C@> 2 3@2E] r@EE@?H@@5
#6D6CG@:C :D ?@E DE@4<65 2?5 E96 7:D9 J@F 42E49 2C6 ?2E:G6 C6532?5
EC@FE AC@5F465 :? r@EE@?H@@5 rC66<] k^Am
kAmstt! r#ttzi p?8=:?8 :D 72:C 7@C C6532?5 EC@FE]k^Am
kAms&}rp} #t$t#'~x#i p?8=:?8 7@C C2:?3@H EC@FE 92D 366? 8@@5] u=:6D
C6A=:42E:?8 49:C@?@>:5D 2?5 H2E6C 3@2E>6? ;FG6?:=6D 2C6 42E49:?8
EC@FE :? E96 =2E6 >@C?:?8 2?5 27E6C?@@?] q2:E ?62C E96 DFC7246 2?5
EC@==:?8 =FC6D 92D 925 D@>6 DF446DD] %96 #6D6CG@:C :D DA:==:?8j
7:D9:?8 :? E96 4C66< H:== :>AC@G6 3FE 2446DD :D =:>:E65]k^Am
kAmst{x}%|t}% {pzti }@ 2?8=:?8 C6A@CE] p446DD FA E96 u@C6DE $6CG:46
c` C@25 H2D @?=J A@DD:3=6 3J D?@H>@3:=6 :? =2E6 |2C49]k^Am
kAmtpv{t r#ttz 2?5 %#xq&%p#xt$i ~A6?D pAC:= ag]k^Am
kAmux$w {pzt W$E66?D |@F?E2:?Xi %96 ?@CE9 =@@A C@25 :D 4=@D65 2E
!286 $AC:?8D]k^Am
kAmu~&#|x{t {pzti p446DD :D 3=@4<65 3J D?@H]k^Am
kAmvt#qt# #t$t#'~x#i *6==@H A6C49 2?8=:?8 92D 366? 72:C] {2<6
=6G6=D 2C6 9:89 E96C67@C6 3@2ED 42? 36 =2F?4965] p?8=:?8 7@C 3C@H?
3F==9625[ =2C86>@FE9 32DD 2?5 4C2AA:6 :D 72:C] rC2AA:6 2C6 23F?52?E
:? E96 C6D6CG@:C 3FE 2C6 5:77:4F=E E@ 42E49 F?E:= H2E6C
E6>A6C2EFC6D :?4C62D6] rC2AA:6 2C6 DAC625 E9C@F89@FE E96 C6D6CG@:C
3FE 5:77:4F=E E@ =@42E6] ~su( :D 6IA64E:?8 G6CJ 8@@5 4C2AA:6
2?8=:?8 :? v6C36C #6D6CG@:C E9:D J62C]k^Am
kAmwpx}t$ !~}si (2D DE@4<65 H:E9 `___ =682=D H66< @7 pAC:= a]k^Am
kAmwxvvx}$ #t$t#'~x#i ~A6?D pAC:= ag] $9@F=5 AC@G:56 72:C 2?8=:?8
7@C `_\`g\:?49 C2:?3@H EC@FE] w:88:?D #6D6CG@:C :D =@42E65 @?
AC:G2E6 =2?5[ 2?5 E96 =2?5@H?6C 2==@HD AF3=:4 2446DD 7@C 2?8=:?8
3FE 92D =:>:E65 :E E@ H2=<:?8 2446DD @?=J] %96C6 :D 2 82E6
2AAC@I:>2E6=J ¾ >:=6 7C@> E96 C6D6CG@:C]k^Am
kAmw~{q#~~z #t$t#'~x#i %96 23F?52?46 @7 EC@FE 92D 366? C65F465 3J
E96 :==682= :?EC@5F4E:@? @7 EF: 49F3[ =2C86C EC@FE 2C6 DE:==
2G2:=23=6] p446DD E@ w@=3C@@< #6D6CG@:C 3J E96 bf`e C@25 :D 4=62C]
%96C6 2C6 2 76H D?@H 5C:7ED @? E96 bg`f C@25 @77 E96 bf`d 3FE 2C6
A2DD23=6 H:E9 2 7@FC H966= 5C:G6 G69:4=6] w@=3C@@< H:== 36 DE@4<65
H:E9 =682= 2?5 EC@A9J C2:?3@H EC@FE E96 H66< @7 |2J `]k^Am
kAmw(* a_b !~}si (2D DE@4<65 H:E9 a___ =682=D H66< @7 pAC:= a]k^Am
kAmy&}x!t# {pzti p?8=:?8 7@C H:=5 C6532?5 EC@FE 92D 366? D=@H]
tIA64E 2?8=:?8 E@ :>AC@G6 E9:D >@?E9 2D H2E6C E6>A6C2EFC6D :?4C62D6
H9:49 H:== :?4C62D6 C6532?5 EC@FE 7665:?8 2?5 24E:G:EJ] |@DE
2?8=6CD 92G6 366? DF446DD7F= 42DE:?8 =FC6D @C 7=:6D E92E >:>:4
>:??@HD 7C@> 2? 2?49@C65 3@2E] $@>6 2?8=6CD 92G6 42F89E 7:D9
EC@==:?8 =FC6D @C 7=:6D 3FE 42E49 C2E6D 2C6 =@H] p?8=:?8 7C@>
D9@C6 FD:?8 32:E @C =FC6D 92D 2=D@ 366? 67764E:G6 3FE 92D 366?
D=@H] %C@==:?8 ?62C t28=6 #:586[ w@H2C5 q2J 2?5 E96 492??6= 36EH66?
z=2>2E9 2?5 p86?4J {2<6D D9@F=5 36 E96 AC:>6 2C62D E@ ECJ :? E96
4@>:?8 H66<D]k^Am
kAmz{p|p%w #x't#i p?8=:?8 :D D=@H 36=@H z6?@ s2> E@ y]r q@J=6
#6D6CG@:C] #:G6C 7=@HD 2C6 4FCC6?E=J `h`_ 47D 36=@H z6?@ s2> H9:49
>2<6 42E49:?8 C2:?3@H\C6532?5 EC@FE 5:77:4F=E] tIA64E E@ D66
92E496D @7 4255:D7=:6D 2?5 >2J7=:6D :? E96 27E6C?@@? @C ECJ
:>:E2E:@?D E92E >:>:4 >:??@HD W7=:6D[ 4=6@D[ C2A2=2D[ A2?E96C
>2CE:?DX] |@DE C2:?3@H\C6532?5 2C6 DE:== DA2H?:?8 D@ ?F>36CD @7
C2:?3@H\C6532?5 EC@FE :? E96 C6249 36=@H z6?@ s2> :D =@H] %96
2?8=:?8 36=@H yr q@J=6 !@H6C9@FD6 :D 72:C 5F6 E@ 7=@H 7=F4EF2E:@?D]
u=@HD 36=@H E96 !@H6C9@FD6 H:== 36 a___\ag__ 47D 5FC:?8 >@DE @7 E96
52J=:89E 9@FCD H9:49 4C62E6D 5:77:4F=E 2?8=:?8 4@?5:E:@?Dj 9@H6G6C
D@>6 EC@FE 42? 36 42AEFC65 :? E96 D92==@H[ D=@H >@G:?8 H2E6C ?62C
D9@C6 FD:?8 3=24< @C 8@=5 DA:??6CD W#@@DE6C E2:=[ A2?E96C >2CE:?D[
3=F6 7@IX] #6532?5\C2:?3@H EC@FE 2C6 4@?46?EC2E65 D@ 4@G6C:?8 =@ED
@7 H2E6C H:== :?4C62D6 J@FC @55D @7 42E49:?8 7:D9] %96 C:G6C
D64E:@? 7C@> yr q@J=6 s2> E@ yr q@J=6 !@H6C9@FD6 :D 8@@5 7@C
C2:?3@H\C6532?5 EC@FE e\`a :?496D] #:G6C 7=@HD :? E9:D D64E:@? 2C6
2 4@?DE2?E bg_ 47D] $>2== C@@DE6C E2:=D 2?5 7=:6D 2C6 E96 >@DE
67764E:G6 >6E9@5 7@C 42E49:?8 C2:?3@H\C6532?5 EC@FE :? E9:D
D64E:@?] p?8=6CD 42? 42== `\g__\dcf\`d_` 7@C C:G6C 7=@H :?7@C>2E:@?
@C G:D:E E96 7@==@H:?8 H63D:E6 k2 E2C86ElQ03=2?<Q 9C67l
Q9EEAi^^H2E6C52E2]FD8D]8@G^@C^?H:D^4FCC6?EnEJA67=@HQm9EEAi^^H2E6C52E2]FD8D]8@G^@C^?H:D^4FCC6?EnEJA67=@Hk^2m]k^Am
kAmz#&|q~ #t$t#'~x#i %96 C6D6CG@:C @A6?D 7@C 2?8=:?8 @? pAC:= ag]
p?8=:?8 D9@F=5 36 8@@5 7@C C2:?3@H EC@FE 2?5 72:C 7@C =2C86>@FE9
32DD]k^Am
kAm{pzt ~u %wt (~~s$i %96 {2<6 :D >@DE=J :46 7C66] q@2ED 42? 36
=2F?4965 2E E96 =@586] p?8=:?8 7@C 3C@H? EC@FE :D EJA:42==J 8@@5
27E6C :46 @FE] p?8=:?8 7@C =2C86>@FE9 32DD[ 4C2AA:6[ 3C@H?
3F==9625[ 2?5 D>2==>@FE9 32DD :D D=@H] p?8=:?8 7@C C2:?3@H EC@FE[
J6==@H A6C49 2?5 <@<2?66 D9@F=5 36 72:C] {2<6 @7 E96 (@@5D H:== 36
DE@4<65 H:E9 =682= 2?5 EC@A9J C2:?3@H EC@FE ;FDE 367@C6 E96 @A6?:?8
H66<6?5 @7 EC@FE D62D@? @? pAC:= ag] r@?E24E {2<6 @7 E96 (@@5D
{@586 2E W`\gee\a_`\c`hcX 7@C C646?E 2?8=:?8 FA52E6 @C G:D:E E96:C
H63D:E6 2E k2 9C67lQ9EEAi^^HHH]=2<6@7E96H@@5DC6D@CE]4@>QmHHH]=2<6@7E96H@@5DC6D@CE]4@>k^2m]k^Am
kAm{x}z #x't#i %9:D :D E96 36DE >@?E9 E@ 42E49 =2C86 C6532?5 EC@FE
:? {:?< #:G6C] p?8=:?8 :D 4FCC6?E=J 72:C] |@DE 2?8=6CD FD6 C2A2=2D
@C >:??@H :>:E2E:@?D] p446DD :D 2G2:=23=6 2=@?8 E96 6?E:C6 H6DE
D:56 2?5 3@2ED 42? 36 =2F?4965 2E '6E6C2?D !2C< 2?5 >@E@C65
FADEC62> E@ E96 A@H6C9@FD6] r2E49 C2E6D 2C6 EJA:42==J =@H 2?5 2
8@@5 52J :D =2?5:?8 2 76H C6532?5 EC@FE]k^Am
kAm{x%%{t wtp#% {pzti p446DD :D 3=@4<65 3J D?@H]k^Am
kAm{~u%~} #t$t#'~x#i %96 C@25 E@ {@7E@? :D A2DD23=6j 3FE 5:77:4F=E]
tIA64E 2?8=:?8 E@ 36 D=@H 5F6 E@ E96 :==682= :?EC@5F4E:@? @7 EF:
49F3] {2C86C 7:D9 2C6 DE:== 2G2:=23=6 :? E96 =2<6] {@7E@? #6D6CG@:C
H:== 36 DE@4<65 H:E9 =682= 2?5 EC@A9J C2:?3@H EC@FE E96 H66< @7 |2J
`]k^Am
kAm{~}v r#ttz #t$t#'~x#i u:D9:?8 D9@F=5 36 8@@5 7@C C2:?3@H
EC@FE]k^Am
kAm{~$% #x't#i p?8=:?8 92D 366? 72:C 7@C H2C> H2E6C 82>6 7:D9] p
76H 3:8 =2C86>@FE9 32DD 2C6 E2<6? 6249 J62C] %96 3@2E C2>A[ 3C:586
2?5 A2C< 2E rCJDE2= $AC:?8D 2C6 4=@D65 F?E:= 2E =62DE >:5 yF=J]
$>2== 3@2ED 42? 36 =2F?4965 2E ~=6?6 qC:586 @C 2E q:8 $AC:?8D :?
q@?2?K2]k^Am
kAm{&rz* #t$t#'~x#i rFCC6?E=J C6D6CG@:C :D 7C66 @7 :46j C@25 2446DD
:D 5:77:4F=E H:E9 >F55J 4@?5:E:@?D]k^Am
kAm|p{wt&# #x't# W(2C> $AC:?8D #6D6CG@:C 5@H?DEC62> E@ $@FE9 u@C<
|2=96FC #:G6CXi s:D492C86 7C@> (2C> $AC:?8D #6D6CG@:C H2D
2AAC@I:>2E6=J b_d 47D pAC:= aa] }@ 2?8=:?8 C6A@CE]k^Am
kAm|p{wt&# #x't# W7C@> E96 $@FE9 u@C< |2=96FC #:G6C ?62C #:G6CD:56[
5@H?DEC62> E@ v@=5 rC66<Xi s:D492C86 7C@> (2C> $AC:?8D #6D6CG@:C
H2D 2AAC@I:>2E6=J b_d 47D[ 2?5 5:D492C86 7C@> q6F=29 #6D6CG@:C H2D
2AAC@I:>2E6=J abh47D pAC:= aa] p?8=:?8 :D D=@H]k^Am
kAm|p{wt&# #t$t#'~x#i (2E6C =6G6= :D 5@H? 23@FE e 766E 7C@> 7F==]
%C@FE 2?8=:?8 :D 72:C E@ 8@@5]k^Am
kAm|p{wt&# #x't#[ }~#%w u~#zi p446DD E@ E96 }@CE9 u@C< C6>2:?D
=:>:E65 3J D?@H] %C@FE 2?8=:?8 :D D=@H] #6>6>36C E@ C6=62D6 3F==
EC@FE]k^Am
kAm|p{wt&# #x't#[ |xss{t u~#zi p446DD E@ E96 |:55=6 u@C< C6>2:?D
=:>:E65 3J D?@H] %C@FE 2?8=:?8 :D D=@H] #6>6>36C E@ C6=62D6 3F==
EC@FE]k^Am
kAm|p}} {pzti }@ C646?E 2?8=:?8 C6A@CE[ 3FE :? E96 A2DE >@?E9
2?8=:?8 92D 366? 72:C E@ 8@@5 2?8=:?8 7@C `_ E@ `g :?49 4FEE9C@2E
EC@FE] u=J 2?8=6CD 92G6 925 E96 36DE DF446DD]k^Am
kAm|x{{t# {pzti p446DD :D 3=@4<65 3J D?@H]k^Am
kAm|~~} #t$t#'~x#i p?8=:?8 D9@F=5 36 72:C E@ 8@@5 7@C C2:?3@H
EC@FE] %96 2446DD C@25 H2D @A6?65 :? =2E6 |2C49]k^Am
kAm|&##p* #t$t#'~x#i %C@FE 7:D9:?8 D9@F=5 36 8@@5]k^Am
kAm}~#%w |p{wt&# q{| $%~rz !~}s$i p446DD >2J DE:== 36 =:>:E65 3J
D@7E C@25D :?E@ D@>6 A@?5D] }@ 2?8=:?8 C6A@CE 7C@> 2?J @7 E96
A@?5D]k^Am
kAm}~#%w !~(st# !~}s$ ` U2>Aj ai (2D DE@4<65 H66< @7 pAC:= a]k^Am
kAm~(*wtt #t$t#'~x#i %96 C6D6CG@:C H2D fh A6C46?E 7F== pAC:= aa]
p== 3@2E C2>AD 2C6 :? E96 H2E6C] (2C>H2E6C 2?8=:?8 :D 72:C]k^Am
kAm~(*wtt #x't# W{@H6CXi u=@HD 36=@H E96 52> 2G6C2865 23@FE ad_ 47D
@? pAC:= aa] p?8=:?8 7@C C2:?3@H EC@FE 2?5 3C@H? EC@FE :D 72:C]k^Am
kAm~(*wtt #x't# W&AA6CXi s:D492C86 2E E96 #@>6 82F86 2G6C2865
2AAC@I:>2E6=J chb 47D @? pAC:= aa] p?8=:?8 7@C D>2==>@FE9 2?5
492??6= 42E7:D9 :D D=@H]k^Am
kAm!px&%t #t$t#'~x#i p?8=:?8 7@C C2:?3@H EC@FE :D 72:C H:E9 32:E] p
3@2E :D ?@E ?66565 E@ 42E49 7:D9 DF446DD7F==J @? !2:FE6 #6D6CG@:C]
p 76H {29@?E2? 4FEE9C@2E EC@FE 2C6 2G2:=23=6] %96 C6D6CG@:C :D 2E
92=7 7F==[ 2?5 H:== AC@8C6DD:G6=J 86E =@H6C]k^Am
kAm!wx{{x!$ #t$t#'~x#i u:D9:?8 92D 366? 72:C\8@@5 7@C EC@FE 2?5
A6C49] %C@FE 2C6 CF??:?8 `a\`c :?496D] !6C49 2C6 `_\`` :?496D] x46
:D @77 E96 =2<6] (2E6C :D C:D:?8 2?5 :D 2E ef A6C46?E]k^Am
kAm!x{rwt# #t$t#'~x#i r2>A8C@F?5 :D @A6?] u:D9:?8 :D u2:C\D=@H]
(2E6C =6G6= :D 2E d_ A6C46?E]k^Am
kAm!x}t r#ttzi ~A6?D pAC:= ag 7@C EC@FE 7:D9:?8 FADEC62> @7 ~I3@H
3C:586 :? q2<6C r@F?EJ]k^Am
kAm!~{t r#ttz #t$t#'~x#i %96 C6D6CG@:C :D 2AAC@I:>2E6=J `d 766E @C
>@C6 36=@H 7F== A@@=] p?8=:?8 :D 72:C]k^Am
kAm!~(st# #x't#i ~A6?D pAC:= ag[ FADEC62> 7C@> wF?E:?8E@?\#:49=2?5
#@25 qC:586] &D6 @7 32:E 2==@H65k^Am
kAm$wt#{~rz v&{rw #t$t#'~x#i u:D9:?8 92D 366? 72:C 7@C =682= D:K65
EC@FE] #@25 :D @A6? H:E9 D@>6 >F55J DA@ED] %96 C6D6CG@:C :D ?62C
7F== 2?5 EFC3:5]k^Am
kAm$xs {&rt #t$t#'~x#i $xs {&rt #t$t#'~x#i p446DD E@ E96 C6D6CG@:C
:D 5:77:4F=E 2?5 ?@E C64@>>6?565 2E E9:D E:>6 5F6 E@ 566A >F5]k^Am
kAm$}pzt #x't#i u=@H H2D f[fhd 47D ?62C }JDD2 2?5 2AAC@I:>2E6=J
``[`be 47D ?62C (6:D6C @? pAC:= aa] p?8=:?8 7@C 42E7:D9 2?5
D>2==>@FE9 32DD :D D=@H]k^Am
kAm$~&%w |p{wt&# q{| $%~rz !~}s$i p446DD >2J DE:== 36 =:>:E65 3J
D@7E C@25D :?E@ D@>6 A@?5D] }@ 2?8=:?8 C6A@CE 7C@> 2?J @7 E96
A@?5D]k^Am
kAm$!p&{sx}v #t$t#'~x#i u:D9:?8 92D 366? 72:C 7@C =682= D:K65
EC@FE] %96 C6D6CG@:C :D 92=7\7F== 2?5 H:== 564=:?6 E9C@F89 E96
DF>>6C]k^Am
kAm%w~|!$~} #t$t#'~x#i p446DD E@ 3@E9 3@2E C2>AD :D @A6?] p?8=:?8
7@C =2C86>@FE9 32DD :D D=@H 3FE H:== 36 86EE:?8 36EE6C 2D H2E6C
E6>A6C2EFC6D H2C>] p?8=:?8 7@C EC@A9J C2:?3@H EC@FE :D :>AC@G:?8]
%96 36DE =@42E:@? E@ 7:D9 7@C 32DD :D ?62C E96 D9@C6 @? 3@E9 D:56D
?62C E96 52>] p?8=:?8 7@C C2:?3@H EC@FE :D 36DE ?62C E96 52> 2?5
2=@?8 E96 C@4<J ?@CE962DE 32?<]k^Am
kAm%~!$* #t$t#'~x#i p?8=:?8 7@C H2C>H2E6C 7:D9 :D 72:C] {@@< 7@C
=2C86>@FE9 32DD :? E96 D92==@H 324<H2E6C 2C62D ?62C y]r] q@J=6 s2>
@C ?62C E96 z=2>2E9 #:G6C] p?8=:?8 7C@> 2 3@2E :D >@C6 AC@5F4E:G6
7@C =2C86>@FE9 32DD 2?5 4C2AA:6 E92? 2?8=:?8 7C@> D9@C6] p?8=:?8
H:E9 32:E 7C@> D9@C6 42? 36 AC@5F4E:G6 7@C 42E49:?8 3C@H? 3F==9625]
p?8=:?8 7@C DF?7:D9 H:== :>AC@G6 H:E9 :?4C62D65 H2E6C E6>A6C2EFC6D]
$F?7:D9 42? 36 42F89E 7C@> D9@C6 FD:?8 D>2== 32:E F?56C 3@336CD @C
D>2== 7=:6D]k^Am
kAm%wxtu 'p{{t* #t$t#'~x#i %C@FE 7:D9:?8 :D 8@@5] #6D6CG@:C :D
7F==]k^Am
kAm&}x%* #t$t#'~x#i #6D6CG@:C :D 7F==]k^Am
kAm(p#| $!#x}v$ #t$t#'~x#i %96 C6D6CG@:C H2D ef A6C46?E 7F== pAC:=
aa] x?7=@H 2E E96 sC6HD6J 82F86 2G6C2865 `fa @? pAC:= aa] p?8=:?8
:D D=@H]k^Am
kAm(p#}t# {pzt$ Ww2CE[ rCF>A[ u=28DE277[ 6E4]Xi p?8=:?8 7@C 4C2AA:6
:D D=@H] rC2AA:6 2?8=:?8 D9@F=5 36 G6CJ 8@@5 =2E6C E9:D J62C]k^Am
kAm(x{{~( 'p{{t* #t$t#'~x#i p?8=:?8 7@C =2C86>@FE9 32DD 92D 366?
72:C 3FE H:== :>AC@G6 H:E9 E96 H2C>6C H62E96C] p?8=:?8 7@C
=2C86>@FE9 32DD D9@F=5 36 G6CJ 8@@5 :? 4@>:?8 >@?E9D] rC2AA:6
2?8=:?8 92D 366? D=@H] {@@< 7@C 4C2AA:6 2?5 32DD 2C@F?5 E96 >2?J
H@@5 2?5 923:E2E DECF4EFC6D :? E96 C6D6CG@:C] *6==@H A6C49 2C6 G6CJ
23F?52?E 3FE 2C6 EJA:42==J D>2== We :?496DX] {29@?E2? 4FEE9C@2E 2C6
2G2:=23=6 3FE C2C6 :? E96 42E49] %96 >@DE 67764E:G6 H2J E@ 7:D9
(:==@H '2==6J :D 7C@> 3@2E 3FE =2C86>@FE9 32DD 42? 36 42AEFC65 2E
E96 3@2E C2>A 2?5 2== 2=@?8 E96 52>]k^Am
kAm(~{u r#ttz #t$t#'~x#i (2E6C =6G6= :D 2E c_ A6C46?E 2?5
C:D:?8]k^Am
kAm*t{{~(yprzt% {pzti u2:C E@ 8@@5 2?8=:?8 7@C `_ E@ `c :?49
C2:?3@H EC@FE] }@ C6A@CED @? H92E 862C :D >@DE DF446DD7F=]k^Am
kAmkDEC@?8mw&}%x}vk^DEC@?8mk^Am
kAmu@C 2 4@>A=6E6 a__f DAC:?8 362C 7@C642DE[ G:D:E k2 E2C86El
Q03=2?<Q 9C67l
Q9EEAi^^HHH]57H]DE2E6]@C]FD^9F?E:?807@C642DE^:?56I]2DAQm9EEAi^^HHH]57H]DE2E6]@C]FD^9F?E:?807@C642DE^:?56I]2DAk^2mk^Am
kAm%96 86?6C2= DAC:?8 EFC<6J 9F?E:?8 D62D@? @A6?D pAC:= `d] u@C 2
4@>A=6E6 7@C642DE G:D:E k2 E2C86ElQ03=2?<Q 9C67l
Q9EEAi^^HHH]57H]DE2E6]@C]FD^##^9F?E:?807@C642DE^EFC<6J]2DAQm9EEAi^^HHH]57H]DE2E6]@C]FD^##^9F?E:?807@C642DE^EFC<6J]2DAk^2mk^Am
kAmkDEC@?8m'xt(x}vk^DEC@?8mk^Am
kAmt2C=J DAC:?8 :D @?6 @7 E96 36DE H:=5=:76 G:6H:?8 E:>6 A6C:@5D :?
E96 z=2>2E9 2?5 w2C?6J q2D:?D [ H9:49 2C6 >2;@C DE28:?8 2C62D 7@C
>:8C2E@CJ 3:C5D DE2CE:?8 E96:C ?@CE9H2C5 >:8C2E:@? E@ AC:>2CJ
?6DE:?8 2C62D]k^Am
kAm}tp# q&#}$i rFCC6?E=J E9@FD2?5D @7 >:8C2E:?8 D?@H[ #@DDVD[
H9:E6\7C@?E65 2?5 r2?252 866D6 2D H6== 2D 5F4<D[ =6DD6C D2?59:==
4C2?6D 2?5 EF?5C2 DH2?D 2C6 FD:?8 E96 w2C?6J q2D:? ?62C E96 E@H? @7
qFC?D] $@>6 @E96C DA64:6D @7 ?@E6 :? E96 32D:? 2C6 32=5 628=6D[
8@=56? 628=6D[ p>6C:42? H9:E6 A6=:42?D[ 8C62E6C D2?59:== 4C2?6D[
H9:E6\72465 :3:D 2?5 =@?8\3:==65 4FC=6HD] p?@E96C 2EEC24E:@? :D
G:6H:?8 DECFEE:?8 D286 8C@FD6 H9:49 5@ E96:C 2??F2= >2E:?8 5:DA=2J
7C@> >:5\|2C49 E9C@F89 pAC:=] $286 8C@FD6 G:6H:?8 :D 36DE 5FC:?8
E96 7:CDE 9@FC @7 52J=:89E @? 52JD H96? E96 H62E96C :D 8@@5]k^Am
kAm%96 z{p|p%w (x{s{xut p#tp 2?5 {~(t# z{p|p%w }p%x~}p{ (x{s{xut
#tu&vt 2C6 6I46==6?E =@42E:@?D E@ G:6H E9@FD2?5D @7 5F4<D 2?5
866D6] $?@H[ C@DDVD[ 2?5 H9:E6\7C@?E65 866D6 H:== D@@? 36
56A2CE:?8 7@C ?@CE96C? ?6DE:?8 8C@F?5D :? p=2D<2 2?5 r2?252]
|2==2C5 5F4<D 92G6 368F? ?6DE:?8 2?5 @E96C DA64:6D H:== D@@? 368:?
?6DE:?8 DF49 2D 825H2==[ A:?E2:=[ C659625[ 42?G2D324<[ 2?5 4:??2>@?
E6=] |2?J D9@C63:C5D 92G6 2CC:G65 :?4=F5:?8 p>6C:42? 2G@46E[
3=24<\?64<65 DE:=E[ =@?8\3:==65 5@H:E496C 2?5 DA@EE65 D2?5A:A6C]
%96D6 D9@C63:C5D 42? 36 7@F?5 :? D92==@H H6E=2?5 2C62D @C 2=@?8
@E96C H2E6C 2C62D]k^Am
kAm&AA6C z=2>2E9 {2<6 :D 2?@E96C =@42E:@? E@ G:6H 5:G:?8 5F4<D
:?4=F5:?8 3F77=69625[ 8@=56?6J6[ D42FA[ CF55J 5F4<[ C659625 2?5
42?G2D324<] q2=5 628=6D 42? 36 7@F?5 2?JH96C6 E96C6 2C6
4@?46?EC2E:@?D @7 H2E6C7@H=[ E96:C AC:>2CJ 7@@5 D@FC46 E9:D E:>6 @7
J62C] vC636D :?4=F5:?8 r=2C<VD[ H6DE6C?[ A:65\3:==65 2?5 62C65
8C636D 42? 36 7@F?5 @? &AA6C z=2>2E9 2?5 p86?4J {2<6D E2<:?8
25G2?E286 @7 E96 7:D9 C6D@FC46] ~G6C E96 ?6IE >@?E9 @C D@ H6DE6C?
2?5 r=2C<VD 8C636D 42? 36 @3D6CG65 :? E96:C 4@FCED9:A C:EF2= 52?46]
vC636D H:== 368:? 3F:=5:?8 7=@2E:?8 ?6DED >256 @7 6>6C86?E
G686E2E:@?] v@@5 ?F>36CD @7 p>6C:42? H9:E6 A6=:42?D 42? 36 7@F?5
7@C28:?8 7@C 7:D9 :? E96 =2C86C H2E6C 3@5:6D] !6=:42?D FD6 =2C86
?6DE 4@=@?:6D @? D64=F565 :D=2?5D 7C66 7C@> 5:DEFC32?46]k^Am
kAm$&||t# {pzt (x{s{xut p#tpk^Am
kAm':6H:?8 @AA@CEF?:E:6D C6>2:? 8@@5 2D ?@CE9H2C5 >:8C2?ED 2?5
=@42= 3C665:?8 DA64:6D 4@?E:?F6 C6EFC? E@ E96 (:=5=:76 pC62 2?5
DE286 :? 8@@5 ?F>36CD] '2C:23=6 H62E96C 4@?5:E:@?D AC6G2:=65 5FC:?8
>@DE @7 E96 A2DE H66< 3FE H6C6 86?6C2==J 8@@5] tIE6?D:G6 2?5
H:56DAC625 3:C5 FD6 @7 pC62 H6E=2?5D 4@FA=65 H:E9 ?6H DAC:?8
2CC:G2=D >256 7@C 6I46==6?E G:6H:?8 @AA@CEF?:E:6D]k^Am
kAm(2E6C7@H= DA64:6D[ AC:>2C:=J 5F4<D C6>2:? G6CJ 2AA2C6?E 2?5 2C6
H:56=J D42EE6C65 24C@DD E96 pC62] ~G6C E96 A2DE H66< `e DA64:6D
H6C6 7@F?5] sF4<D 2C6 :? E96:C 3C:==:2?E ?FAE:2= A=F>286 ?@H[
4@FCED9:A 24E:G:E:6D 2C6 :?E6?D:7J:?8 2?5 ?6DE:?8 7@C D@>6 DA64:6D
:D F?56CH2J] |@DE pC4E:4 ?6DE:?8 866D6 92G6 56A2CE65 3FE 72:C
?F>36CD @7 8C62E6C H9:E6\7C@?E65 2?5 2 76H #@DDV 2?5 D?@H 866D6
DE:== C6>2:?] }62C=J 2== H:== =62G6 E96 pC62 3J E96 6?5 @7 E96
>@?E9] vC62E6C H9:E6\7C@?E65 866D6 2C6 H:56=J D42EE6C65 E9C@F89@FE
E96 (:=5=:76 pC62 2?5 366? 24E:G6=J 7665:?8 2?5 C@@DE:?8 E9C@F89@FE
E96 52J :? D92==@H 6>6C86?E >2CD96D 7@F?5 24C@DD E96 pC62]k^Am
kAmt2C=J 3C665:?8 DA64:6D[ DF49 2D >2==2C5D 2C6 ?6DE:?8 ?@H[
D6G6C2= ?6DED 92G6 366? 7@F?5]k^Am
kAm':6H6CD 2C6 FC865 E@ <66A A6ED :? 4=@D6 4@?EC@=] xE :D F?=2H7F=
E@ 2==@H 5@8D E@ CF? 2E =2C86 5FC:?8 E9:D E:>6 @7 E96 J62C] x7
?6DED @C J@F?8 2C6 7@F?5 A=62D6 >@G6 2H2J 7C@> E96 G:4:?:EJ
:>>65:2E6=J E@ 2G@:5 F?5F6 5:DEFC32?46]k^Am
kAm}@CE96C? D9@G6=6C 2?5 p>] 8C66?\H:?865 E62= 4@?E:?F6 E@ DE286 :?
8@@5 ?F>36CD 2?5 4:??2>@? E62= 2?5 825H2== W4@>>@? (:=5=:76 pC62
3C6656CDX 2C6 :?4C62D:?8 2D >:8C2?ED C6EFC? 7C@> H:?E6C:?8 2C62D]
$@>6 4:??2>@? E62= H:== 368:? ?6DE:?8 D@@? H9:=6 825H2==D H:== ?@E
DE2CE F?E:= 2 >@?E9 @C D@] |@DE 5:G:?8 5F4<D W42?G2D324<[ =6DD6C
D42FA[ C:?8\?64<65 5F4<D 2?5 3F77=69625X 92G6 56A2CE65[ 3FE 2
G2C:6EJ @7 DA64:6D 4@?E:?F6 E@ FE:=:K6 E96 566A6C A@?5D 2?5 =2<6D
E@ 7@C286 7@C DF3>6C86?E 2BF2E:4 A=2?ED 2?5 :?G6CE63C2E6D]k^Am
kAm#6D:56?E r2?252 866D6 C6>2:? G6CJ D64C6E:G6 2D E96J @44FAJ
?6DE:?8 E6CC:E@C:6D 2?5 C62C 3C@@5D] $6G6C2= 3C@@5D H6C6 @3D6CG65
=2DE H66<[ 3FE >@DE 2C6 :? C6>@E6 2C62D H96C6 5:DEFC32?46 :D
>:?:>2=] w2E49:?8 @7 ?6DED D9@F=5 4@?E:?F6 @G6C >@DE @7 E96 ?6IE
>@?E9] $>2== 7=@4<D @7 DF3\25F=E 3:C5D 42? DE:== 36 7@F?5 24C@DD
E96 pC62]k^Am
kAm$2?59:== 4C2?6D 92G6 5:DA6CD65 E@ 3C665:?8 E6CC:E@C:6D 2?5 2C6
364@>:?8 G6CJ 2AA2C6?E 2?5 G@42=] }6DE:?8 :D F?56CH2J 2E E9:D E:>6
7@C D@>6 @7 E96 6DE23=:D965 A2:CD 2?5 E96 D62D@?VD 7:CDE 4@=ED
W4C2?6 49:4<DX D9@F=5 36 @3D6CG65 D@@?]k^Am
kAm$9@C63:C5D 2C6 :?4C62D:?8 :? ?F>36C 2?5 G2C:6EJ] {2DE H66<
5F?=:?[ >2C3=65 8@5H:E[ H6DE6C? D2?5A:A6C 2?5 H6DE6C? H:==6ED >256
E96:C DAC:?8 2CC:G2=] ~E96C >:8C2?ED H:== 2CC:G6 D@@? 2?5 3C665:?8
DA64:6D Wh C68F=2C=J @? E96 (:=5=:76 pC62X H:== :?4C62D6 :? ?F>36C]
tIA64E D?@HJ A=@G6CD[ A92=2C@A6D 2?5 D6G6C2= DA64:6D @7 D2?5A:A6CD
E@ 2CC:G6 :? E96 ?6IE H66<] $@>6 62C=J ?6DE:?8 DA64:6D[ DF49 2D
<:==566C 2?5 H:==6ED H:== 368:? ?6DE:?8 D@@?] r@>>@? D?:A6 2C6 G6CJ
24E:G6 :? E96:C 4@FCED9:A H:??@H:?8 7=:89ED[ 6DA64:2==J 62C=J
>@C?:?8 2?5 6G6?:?8D]k^Am
kAm(256CD 2?5 @E96C H2E6C3:C5D 2C6 :?4C62D:?8 :? ?F>36C 2?5
DA64:6D] r2=:7@C?:2 8F== 2?5 u@CDE6CVD E6C? 2CC:G65 5FC:?8 E96 A2DE
H66<] (9:E6\72465 :3:D ?F>36CD 2C6 :?4C62D:?8 2?5 2 4@>>@? =@@?
C6>2:?D 2E p?2 #6D] p>6C:42? 3:EE6C?D 92G6 368F? E96:C 4@FCED9:A
24E:G:E:6D H:E9 E96:C QFF>A2\FF>AQ 42==D 36:?8 7:CDE 962C5
J6DE6C52J]k^Am
kAm#6D:56?E 2?5 H:?E6C:?8 C2AE@CD C6>2:? D42EE6C65 E9C@F89@FE E96
pC62 2D H6== 2D @? AC:G2E6 =2?5D 2=@?8 w:89H2J b`] }@CE96C?
92CC:6CD 2C6 6DA64:2==J ?F>6C@FD @G6C >2CD9 2?5 92J >625@H 2C62D
2?5 3@E9 C65\E2:=65 2?5 C@F89\=68865 92H<D 2C6 7C6BF6?E=J D66?]
#@F89\=68865 92H<D 2C6 368:??:?8 E@ 56A2CE[ 9625:?8 E@H2C5D 2C4E:4
?6DE:?8 2C62D]k^Am
kAm!C2:C:6 72=4@?D[ 32=5 2?5 8@=56? 628=6D 2C6 7C6BF6?E=J D66?
5FC:?8 E9:D E:>6 @7 E96 J62C[ 2?5 A6C68C:?6 72=4@?D D9@F=5 2CC:G6
D@@?] %96 @DAC6J A2:C 2E p?2 #6D] :D @44FAJ:?8 E96 ?6DE DECF4EFC6
2?5 ?6DE:?8 :D AC@323=J F?56CH2J]k^Am
kAmvC62E\9@C?65 @H=D C6>2:? G6CJ G@42= 5FC:?8 E96 ?:89E[ 2?5
?6DE:?8 7@C >@DE A2:CD 92D 368F? H:E9 92E49:?8 E@ @44FC D@@?]k^Am
kAm!2DD6C:?6 DA64:6D WAC:>2C:=J DA2CC@HDX C6>2:? 72:C=J 4@>>@?
2C@F?5 E96 w625BF2CE6CD r@>A=6I[ $F>>6C {2<6 #6DE pC62[ 9@>6DE625
D:E6D 2?5 D96=E6C3C62< A=2?E:?8D 2E E96 ?@CE9 6?5 @7 E96 pC62 H96C6
E96J 2C6 2EEC24E65 E@ EC66 2?5 D9CF3 4@G6C 7@F?5 2E E9@D6
=@42E:@?D] %C66 DH2==@HD 2C6 :?4C62D:?8 :? ?F>36C[ 2?5 2CC:G2= @7
@E96C DA64:6D 4@?E:?F6D H:E9 DAC:?8 2AA62C2?46 @7 8@=56?\4C@H?65
DA2CC@HD 2?5 :?4C62D:?8 ?F>36CD @7 J6==@H\962565 3=24<3:C5D 2?5
3C@H?\962565 4@H3:C5D @G6C E96 A2DE H66<] p tFC2D:2? 4@==2C65 5@G6
H2D @3D6CG65 2E 9625BF2CE6CD J6DE6C52J] {2C86 ?F>36CD @7
J6==@H\CF>A65 H2C3=6CD 42? 36 7@F?5 E9C@F89@FE E96 6?E:C6 pC62 2?5
@E96C H2C3=6C DA64:6D D9@F=5 2CC:G6 D@@?] p>6C:42? A:A:ED C6EFC?65
:? 8@@5 ?F>36CD 2D H6== 2?5 42? 36 7@F?5 7@C28:?8 2=@?8 5:<6D 2?5
E96 @A6? 6586D @7 D92==@H=J 7=@@565 A@?5D]k^Am
kAm':6H6CD 42? 6IA64E E@ D66 :?4C62D65 ?F>36CD 2?5 5:G6CD:EJ @7
D@>6 DA64:6D @? 2 C68F=2C 32D:D @G6C E96 ?6IE 76H H66<D] pC62
3C665:?8 DA64:6D 2?5 DF>>6C C6D:56?ED 2C6 :?4C62D:?8 :? ?F>36C 2D
E96J C6EFC? 7C@> D@FE96C? H:?E6C:?8 =@42E:@?D] }6H DA64:6D 2C6
2CC:G:?8 2=>@DE 52:=J] w@H6G6C[ 2C4E:4 2?5 ?@CE96C? ?6DE:?8
>:8C2?ED H:== 56A2CE 7@C @E96C DAC:?8 DE28:?8 pC62D 27E6C E96J
C6A=6?:D9 6?6C8J C6D6CG6D :? AC6A2C2E:@? 7@C E96 ?6IE =68 @7 E96:C
;@FC?6J] q6 DFC6 E@ 4964< E96 =:DE 2E w625BF2CE6CD 7@C ?6H 2CC:G2=D
2?5 F?FDF2= 3:C5D]k^Am
kAm(6E=2?5 923:E2ED C6>2:? :? 6I46==6?E 4@?5:E:@?] !@?5D 2?5 @E96C
DE:== H2E6C 2C62D 2C6 7F== @C ?62C=J D@ 2?5 9:89 H2E6C =6G6=D 92G6
4C62E65 ?F>6C@FD D92==@H E6>A@C2CJ H6E=2?5D E92E 2C6 9:89=J 72G@C65
3J >2?J >:8C2?ED] $:?46 6G2A@C2E:@? C2E6D C6>2:? =@H 2?5 4@FA=65
H:E9 C2:? 2?5 D?@H D9@H6CD E6>A@C2CJ H6E=2?5D C6>2:? :? 8@@5
DFAA=Jk^Am
kAmw23:E2E >2?286>6?E 24E:@?D @7 4@?EC@==65 3FC?:?8[ 5C2H5@H?D 2?5
5CJ:?8 2D H6== 2D 7=@@5:?8 @7 D6>:\A6C>2?6?E 2?5 D62D@?2= H6E=2?5D
2C6 4C62E:?8 72G@C23=6 7@C8:?8 D:E6D 7@C >2?J DA64:6D]k^Am
kAm}2EFC2= 7@@5 D@FC46D @7 D665D[ EF36CD 2?5 A=2?E A2CED C6>2:?
G6CJ 23F?52?E 2?5 2G2:=23=6 :? ?62C=J 2== H6E=2?5 2C62D] t>6C86?E
3F=CFD96D[ 42EE2:=D 2?5 @E96C D6586D 2?5 CFD96D 2C6 =@5865 @G6C 5F6
E@ DEC@?8 H:?5D 2?5 H:?E6C D?@H 244F>F=2E:@?] q:C5 2446DD 2?5 FD6
92D :?4C62D65 :? E96D6 2C62D 2?5 G:6H:?8 @AA@CEF?:E:6D :?E@ E96D6
923:E2ED 92G6 :>AC@G65 5C2>2E:42==J 2D H6==] {FD9[ 8C66? 6>6C86?E
G686E2E:@? 8C@HE9 :D 368:??:?8 E@ @44FC]k^Am
kAm&A=2?5 D:E6D 2C6 :? 6I46==6?E 4@?5:E:@? 5F6 E@ =FD9 8C66?\FA @7
8C2DD6D 2?5 7@C3 6>6C86?46 2?5 8C@HE9] %C66D 2?5 D9CF3D 2C6 =627:?8
@FE 2?5 >2?J 2C6 3=@DD@>:?8 ?@H] x?G6CE63C2E6 24E:G:EJ :D
:?4C62D:?8 H:E9 E96 H2C>:?8 E6>A6C2EFC6D 2?5 4=@F5D @7 >:586D 2?5
@E96CD DA64:6D 2C6 AC@G:5:?8 4@?D:56C23=6 7@@5 E@ :?D64E:G@C@FD
3:C5D 24C@DD E96 pC62] q:E:?8 :?D64ED 92G6 J6E E@ 6>6C86 :? 2?J
?F>36C[ AC@323=J 5F6 E@ 7C6BF6?E 7C@DED 2?5 4@@= E6>A6C2EFC6D]k^Am
kAm%96 (:=5=:76 ':6H:?8 {@@A :D @A6? 2?5 H:== C6>2:? E92E H2J F?E:=
?6IE 72==] ~E96C >2;@C 5:<6 C@25D WqF==82E6[ (:?53C62< 2?5 (@C<
#@25X 2C6 4=@D65 E@ >@E@C G69:4=6 EC2G6= 7C@> |2C49 `dE9 E9C@F89
pF8FDE `dE9 E@ C65F46 5:DEFC32?46 E@ ?@CE9H2C5 >:8C2?ED 2?5 62C=J
?6DE:?8 H2E6C3:C5D WAC:>2C:=J r2?252 866D6[ >2==2C5 2?5 D2?59:==
4C2?6DX]k^Am
kAm':6H6C 2C6 FC865 E@ FD6 42C6 H96? 5C:G:?8 C@25D D:?46 >2?J 2C6
D@7E 2?5 >F55J 6DA64:2==J 6586D 25;246?E E@ A@?5D 2?5 42?2=D]k^Am
kAm$64@?52CJ 2?5 >:?@C 5:<6D H:== C6>2:? 4=@D65 E@ >@E@C G69:4=6
EC277:4 2?5 4C@DD 4@F?ECJ EC2G6= 3J >@E@C G69:4=6D @C p%'VD :D
AC@9:3:E65]k^Am
kAm}@?\>@E@C:K65 2446DD 2?5 G:6H:?8 @AA@CEF?:E:6D 2C6 2G2:=23=6
24C@DD E96 6?E:C6 pC62 2E E9:D E:>6]k^Am
kAmr2>A:?8 :D A6C>:EE65 2E 7@FC D:E6D @? E96 H:=5=:76 2C62]k^Am
kAmu@C 255:E:@?2= :?7@C>2E:@? @? G:6H:?8 @AA@CEF?:E:6D A=62D6
4@?E24E E96 (:=5=:76 pC62 2E A9@?6 Wdc`X hcb\b`da[ 72I Wdc`X
hcb\ba_c[ @C 6>2:= 2E k2 9C67l
Q>2:=E@i>2CE:?];]DE=@F:DoDE2E6]@C]FDQm>2CE:?];]DE=@F:DoDE2E6]@C]FDk^2mk^Am
kAmkDEC@?8m}~#%wtp$% +~}tk^DEC@?8mk^Am
kAmkDEC@?8mux$wx}vk^DEC@?8mk^Am
kAmx|}pwp #x't#i #:G6C 7=@H 92D :?4C62D65 C646?E=J 2?5 H:== =:<6=J
C65F46 2?8=6C DF446DD] #6DF=ED @7 E96 >@DE C646?E 4C66= DFCG6J
:?5:42E65 42E49 C2E6D @7 d]g 9@FCD A6C 7:D9] $E66=9625 2?8=:?8
DF446DD :D 86?6C2==J 36DE 36EH66? a__ 2?5 e__ 47D] *@F 42? 4964<
x>?292 #:G6C 7=@HD @?=:?6 2E k2 E2C86ElQ03=2?<Q 9C67l
Q9EEAi^^H2E6C52E2]FD8D]8@G^@C^?H:D^FGnD:E60?@`baha___Qm9EEAi^^H2E6C52E2]FD8D]8@G^@C^?H:D^FGnD:E60?@`baha___k^2m]
$E66=9625 D62D@? @? E96 x>?292 #:G6C 6?5D @? pAC:= `d]k^Am
kAmy~w} sp* #x't#i p== 2?8=:?8 :D 4=@D65 7C@> pAC:= `d E9C@F89 |2J
ad FADEC62> 7C@> z:>36C=J[ 3FE C6>2:?D @A6? 36=@H z:>36C=J J62C
=@?8] $>2==>@FE9 32DD 2?8=:?8 :D ;FDE DE2CE:?8[ H:E9 4@@= H2E6C
E6>A6C2EFC6D >2<:?8 E96> AC6EEJ =6E92C8:4] $EC62>7=@H 2E E96 E:>6
E9:D C6A@CE H2D 7:=65 >62DFC65 b[fg_ 47D 2E $6CG:46 rC66< H9:49 :D
8@@5 =6G6= 7@C 2?8=:?8[ 2=E9@F89 D=:89E=J @77 4@=@C] $EC62> 7=@H
=6G6=D 2C6 2G2:=23=6 7C@> E96 $6CG:46 rC66< 82F8:?8 DE2E:@? 2E
k2 E2C86ElQ03=2?<Q 9C67l
Q9EEAi^^H2E6C52E2]FD8D]8@G^@C^?H:D^FGn`c_ced__Qm9EEAi^^H2E6C52E2]FD8D]8@G^@C^?H:D^FGn`c_ced__k^2m]k^Am
kAm{pss !~}s W!6249 #@25Xi $E@4<65 H:E9 =682= C2:?3@HD H66< @7
pAC:= h]k^Am
kAm{~}v r#ttz !~}s[ $t't}%w $%#tt% !~}s[ p}$~} (#xvw% !~}s[ p}s
q#p}s~}V$ !~}si w2G6 2== 366? C646?E=J DE@4<65 H:E9 =682= D:K65
C2:?3@H EC@FE]k^Am
kAm{~(t# v#p}st #~}st #x't#i $E66=9625 2?8=:?8 DF446DD 92D 366?
A@@C 3642FD6 @7 9:89 7=@H] p?8=:?8 DF446DD D9@F=5 :>AC@G6 D@>6H92E
:7 7=@H C64656D[ 3FE >2?J 7:D9 3@F?5 7@C (2==@H2 DJDE6> 92E496C:6D
2C6 2=C625J FADEC62>] u=@HD 36EH66? g__ 2?5 a___ 47D 86?6C2==J
@776C 36DE 7:D9:?8 4@?5:E:@?D] $E66=9625 D62D@? @? E96 vC2?56
#@?56 #:G6C 6?5D @? pAC:= `d] r964< E96 7=@H 2E k2 E2C86ElQ03=2?<Q
9C67l
Q9EEAi^^H2E6C52E2]FD8D]8@G^@C^?H:D^FG^nD:E60?@`bbbb___U2>Aj!p#p>6E6C045___edQm
9EEAi^^H2E6C52E2]FD8D]8@G^@C^?H:D^FG^nD:E60?@`bbbb___U2>Aj!p#p>6E6C045___edk^2m[___e_]k^Am
kAm|pv~}t {pzti p?8=:?8 DF446DD 7@C 3C@@< 2?5 C2:?3@H EC@FE :D
8@@5] p446DD :D DE:== 3=@4<65 3J D?@H 7C@> u@FC r@C?6CD[ 3FE :D
@A6? E9C@F89 E96 q6649 rC66< C@FE6]k^Am
kAm|p## !~}si (2D DE@4<65 C646?E=J H:E9 2 D>2== 8C@FA @7 EC@FE 2?5
2 76H 62C=J DFCA=FD DE66=9625[ 2?8=:?8 AC@DA64ED 2C6 8@@5] $E@4<:?8
:D D4965F=65 7@C E9:D H66<]k^Am
kAm|r}p#*[ wp% #~rz 2?5 %p%~}t !~}s$i |4}2CJ 2?5 %2E@?6 A@?5D H:==
36 DE@4<65 E9:D H66<] u:D9:?8 :D 6IA64E65 E@ 36 8@@5]k^Am
kAm|rzp* #t$t#'~x#i %96 H2E6C =6G6= :D ?@H 2E ghT @7 42A24:EJ] q6DE
@AA@CEF?:E:6D 2C6 7@C EC@FE 2?5 J6==@H A6C49] p?8=6CD 92G6 925 8@@5
DF446DD 42E49:?8 `c\`e :?49 C2:?3@HD] %C@==:?8 E9C@F89@FE E96
C6D6CG@:C 92D 366? 67764E:G6 2D H6== 2D 7:D9:?8 32:E @C =FC6D 2E
E96 :?=6E] p?8=6CD 7:D9:?8 2E E96 :?=6E ?665 E@ >2<6 DFC6 E96J 2C6
7:D9:?8 :? E96 C6D6CG@:C 2?5 ?@E :? |4z2J rC66< 2D E96 4C66<
36EH66? E96 C6D6CG@:C 2?5 $92H #@25 5@6D ?@E @A6? F?E:= pAC:=
agE9]k^Am
kAm#~&{t% !~}si $E@4<65 H:E9 =682= C2:?3@HD H66< @7 pAC:= h]k^Am
kAm(p{{~(p #x't#i $E66=9625 2?8=:?8 92D 366? 72:C E@ 8@@5 @? E96
(2==@H2 #:G6C] %96 >@DE C646?E 4C66= DFCG6J 52E2 :?5:42E65 42E49
C2E6D @7 d]d 9@FCD A6C 7:D9] tIA64E 8@@5 2?8=:?8 DF446DD 2D =@?8
2D C:G6C 4@?5:E:@?D C6>2:? 72G@C23=6] $E66=9625 D62D@? @? E96
(2==@H2 #:G6C 6?5D @? pAC:= `d] k^Am
kAm(p{{~(p (x{s{xut p#tp !~}si p?8=:?8 :D 72:C E@ 8@@5] %96 A@?5
H2D C646?E=J DE@4<65 H:E9 DFCA=FD 92E496CJ DE66=9625 2?5 D9@F=5
4@?E2:? 72:C ?F>36CD @7 9@=5\@G6C C2:?3@H EC@FE] %96 A@?5 H:== 36
DE@4<65 E9:D H66<]k^Am
kAm&|p%x{{p #x't#i %96 7:CDE $AC:?8 r9:?@@< @7 E96 D62D@? H6C6
42F89E @G6C E96 H66<6?5 :? E96 =@H6C C:G6C] q2D65 @? r@=F>3:2 #:G6C
52> 4@F?ED[ E96 7:D96CJ D9@F=5 A:4< FA E9:D H66<] %96 AC6\D62D@?
6DE:>2E6 7@C E96 DAC:?8 r9:?@@< CF? :D a[d__ 7:D9] pE E9:D CF? D:K6
>2?286CD H:== =:<6=J ?665 E@ :>A=6>6?E 2? 62C=J 4=@DFC6 E@ DE2J
H:E9:? 92CG6DE 8F:56=:?6D] #:G6C 4@?5:E:@?D 2C6 8@@5 H:E9 E96 7=@H
36EH66? b__ 2?5 e__ 47D] }@ 7:D9 2C6 36:?8 92F=65 FADEC62>] u@C
FA\E@\52E6 7=@H :?7@C>2E:@?[ G:D:E E96 7@==@H:?8 H63D:E6i
k2 9C67lQ9EEAi^^HHH]FD3C]8@G^A?^9J5C@>6E^F>2E:==2^:?56I]9E>=QmHHH]FD3C]8@G^A?^9J5C@>6E^F>2E:==2^:?56I]9E>=k^2m]k^Am
kAm'xr%~# !~}si p?8=:?8 :D 72:C 7@C 9@=5\@G6C C2:?3@H EC@FE] %96
A@?5 H:== 36 DE@4<65 E9:D H66<]k^Am
kAm(p{{~(p {pzti %96 :46 92D >6=E65 @77 @7 (2==@H2 {2<6 2?5 2?8=:?8
:D 72:C 7@C C2:?3@H EC@FE] z@<2?66 2?8=:?8 D9@F=5 :>AC@G6 H:E9:?
E96 ?6IE >@?E9 2D E96 =2<6 368:?D E@ H2C>]k^Am
kAm(t$%~} !~}si %9:D A@?5 92D 366? DE@4<65 H:E9 =682=\D:K65 C2:?3@H
EC@FE] u:D9:?8 D9@F=5 36 8@@5]k^Am
kAm(x{{~( r#ttzi %9:D DEC62> 32D 366? DE@4<65 H:E9 =682=\D:K65
C2:?3@H EC@FE E9C@F89 E96 E@H?D @7 w6AA?6C[ {6I:?8E@? 2?5 x@?6]k^Am
kAm(x{{~( r#ttz #t$t#'~x#i %96 C6D6CG@:C H:== 36 DE@4<65 H:E9
=682=\D:K65 C2:?3@H EC@FE E9:D H66<] }@ C646?E C6A@CED @? 2?8=:?8
DF446DD]k^Am
kAmw&}%x}vk^Am
kAmu@C 2 4@>A=6E6 a__f DAC:?8 362C 7@C642DE[ G:D:E k2 E2C86El
Q03=2?<Q 9C67l
Q9EEAi^^HHH]57H]DE2E6]@C]FD^9F?E:?807@C642DE^:?56I]2DAQm9EEAi^^HHH]57H]DE2E6]@C]FD^9F?E:?807@C642DE^:?56I]2DAk^2mk^Am
kAm%96 86?6C2= DAC:?8 EFC<6J 9F?E:?8 D62D@? @A6?D pAC:= `d] u@C 2
4@>A=6E6 7@C642DE G:D:E k2 E2C86ElQ03=2?<Q 9C67l
Q9EEAi^^HHH]57H]DE2E6]@C]FD^##^9F?E:?807@C642DE^EFC<6J]2DAQm9EEAi^^HHH]57H]DE2E6]@C]FD^##^9F?E:?807@C642DE^EFC<6J]2DAk^2mk^Am
kAmv#p}% sx$%#xr%k^Am
kAmr~&vp#i w2CG6DE65 4@F82CD 2C6 C6BF:C65 E@ 36 4964<65 :?E@ 2?
~su( 7:6=5 @77:46 H:E9:? `_ 52JD @7 E96 9F?E]k^Am
kAmqpzt# sx$%#xr%k^Am
kAm$"&x##t{$i tI46==6?E DBF:CC6= 9F?E:?8 42? 36 7@F?5 E9:D E:>6 @7
J62C :? E96 28C:4F=EFC2= G2==6JD] |2?J AC:G2E6 =2?5@H?6CD 2C6
92AAJ E@ 8C2?E 2446DD E@ 9F?E6CD H9@ 2D< A6C>:DD:@?] k^Am
kAm%&#zt*$i %FC<6J 9F?E6CD 92G6 6IA6C:6?465 8@@5 DF446DD] %FC<6JD
2C6 7@F?5 :? G2CJ:?8 56?D:E:6D 2C@F?5 q2<6C r@F?EJ] wF?E6C D9@F=5
ECJ E96 ?@CE96C? A@CE:@?D @7 z62E:?8 2?5 !:?6 rC66< &?:ED[ 2D H6==
2D E96 62DE6C? 6586 @7 E96 t=<9@C? |@F?E2:?D :? E96 $F>AE6C
&?:E]k^Am
kAmqtp#$i q62CD 2C6 DE2CE:?8 E@ 364@>6 >@C6 24E:G6 :? =@H 2?5 >:5
6=6G2E:@? 2C62D] |2?J 9:89 6=6G2E:@? 2C62D 2C6 DE:== 4@G6C65 :?
D?@H] {@@< 7@C 362CD @? D@FE9 724:?8 D=@A6D H:E9 23F?52?E
7@C286]k^Am
kAmr~&vp#$i r@F82C ?F>36CD C6>2:? 2E 9:89 =6G6=D] (:E9 E96
23D6?46 @7 7C6D9 D?@H 4@F82C 9F?E:?8 :D 36DE 244@>A=:D965 H:E9 E96
FD6 @7 42==D 2?5 A2E:6?46] k^Am
kAmr~*~%ti v@@5 ?F>36CD @7 4@J@E6D 42? 36 7@F?5 E9C@F89@FE q2<6C
r@F?EJ] r2==:?8 :D >@DE DF446DD7F= :? 2C62D @7 C65F465 9F>2?
24E:G:EJ]k^Am
kAm&|p%x{{p^!t}s{t%~} sx$%#xr%k^Am
kAmr~&vp#i r@F82CD 2C6 H6== 5:DEC:3FE65 :? 7@C6DE65 2C62D @7 E96
(2==2 (2==2[ |E] t>:=J[ 2?5 &<:29 F?:ED] wF?E6CD H:== 92G6 36DE
DF446DD 3J 7:?5:?8 2 7C6D9 ?2EFC2==J >256 <:== 2?5 D:EE:?8 @? :E[
@C 3J FD:?8 AC652E@C 42==D] $@>6 DF446DD 92D 4@>6 7C@> 7@==@H:?8
EC24<D F?E:= E96 4@F82C :D =@42E65] %C24<:?8 4@?5:E:@?D H:==
:>AC@G6 H:E9 D?@HD 7@C642DE 7@C E96 6?5 @7 }@G6>36C 2?5
s646>36C]k^Am
kAmr~*~%ti r@J@E6D 2C6 ?F>6C@FD E9C@F89@FE E96 s:DEC:4E 2?5 9F?E6CD
D9@F=5 92G6 8@@5 DF446DD 42==:?8] #6>6>36C E@ 2D< A6C>:DD:@? 367@C6
9F?E:?8 @? AC:G2E6 =2?5D]k^Am
kAm(p{{~(p sx$%#xr%k^Am
kAmr~&vp#i r@F82C 2C6 23F?52?E E9C@F89@FE (2==@H2 r@F?EJ[ 3FE 42?
36 5:77:4F=E E@ @3D6CG6] {@42E:?8 7C6D9 4@F82C D:8? 2?5 A2E:6?E=J
42==:?8 2EE6>AE:?8 E@ :>:E2E6 2 72H? @C 42=7 :? 5:DEC6DD 42?
D@>6E:>6D 36 2? 67764E:G6 E649?:BF6]k^Am
kAmr~*~%ti v@@5 ?F>36CD @7 4@J@E6D 42? 36 7@F?5 E9C@F89@FE (2==@H2
r@F?EJ] r@J@E6 9@H=6CD H@C< H6== E9:D E:>6 @7 J62C] r2==:?8 :D >@DE
DF446DD7F= :? 2C62D @7 C65F465 9F>2? 24E:G:EJ]k^Am
kAm%&#zt*i %FC<6J 2C6 D42EE6C65 E9C@F89@FE E96 (6?292[ $=65
$AC:?8D[ r96D?:>?FD[ 2?5 }@CE9 6?5 @7 E96 |:?2> &?:ED] wF?E6CD 92G6
6IA6C:6?465 8@@5 DF446DD :? 2== F?:ED]k^Am
kAm$!#x}v qtp#i p== F?:ED 92G6 8@@5 362C 56?D:E:6D] q62C 24E:G:EJ
92D 366? D=@H[ 3FE H:== :?4C62D6 368:??:?8 :? |2J] wF?E6CD D9@F=5
7@4FD @? DA@E 2?5 DE2=< EJA6 9F?E:?8[ 8=2DD:?8 7@C 362CD :? E96
62C=J >@C?:?8 2?5 =2E6 27E6C?@@?^6G6?:?8 9@FCD] q62CD 42? 36
DA@EE65 7665:?8 @? @A6? 42?J@? D=@A6D] $@>6 362CD H:== C6DA@?5 E@
72H? 5:DEC6DD EJA6 42==D]k^Am
kAm(x{s{xut 'xt(x}vi #@4<J |@F?E2:? 3:89@C? D966A[ 6=<[ 2?5 >F=6
566C 42? 36 @3D6CG65 2E E96 (6?292 (:=5=:76 pC62[ %C@J[ ~C68@?]
t56? q6?49 AC@G:56D 2 8@@5 @AA@CEF?:EJ E@ G:6H 566C 2?5 6=<[ H9:=6
3:89@C? D966A 2C6 @7E6? @3D6CG65 :? C:> C@4<D 23@G6 E96 vC2?56
#@?56 #:G6C]k^Am
kAm#~ps r~}sx%x~}$i #@25D 2E 9:896C 6=6G2E:@?D :? E96 x>?292 2?5
$?2<6 #:G6C F?:ED 2C6 DE:== :>A2DD23=6 5F6 E@ D?@H 5C:7ED] %96 ea
#@25 7C@> t=8:? E@ %C@J :? E96 (6?292 F?:E :D 2=D@ 3=@4<65 3J D?@H
7C@> {@@<@FE |@F?E2:? E@ w@@5@@] }@C6822C5[ (9:D<6J rC66<[ 2?5
$92>C@4< EC2G6= >2?286>6?E 2C62D :? E96 $=65 $AC:?8D F?:E 2C6 :?
67764E E9C@F89 |2J b`]k^Am
kAm&}x~} sx$%#xr%k^Am
kAmr~&vp# ? {@42E:?8 7C6D9 4@F82C EC24<D :? E96 D?@H 4@?E:?F6D E@
36 2 8@@5 DE2CE:?8 A@:?E @? H96C6 E@ 9F?E] |@C6 9F?E6CD 2C6
DE2CE:?8 E@ FD6 C6>@E6=J 24E:G2E65 42==D H:E9 8@@5 C6DF=ED] u:?5:?8
2 7C6D9 566C @C 6=< <:== E92E 2 4@F82C 92D 765 @? :D 2? 6I46==6?E
A=246 E@ D6E FA 2 3=:?5 5@H? H:?5 @7 E96 42C42DD] r@F82C H:== 4@G6C
E96:C <:==D 36EH66? 7665:?8 2?5 2C6 >@DE 24E:G6 :? E96 >@C?:?8 2?5
62C=J 6G6?:?8] r@F82C D62D@? 4=@D6D DE2E6H:56 |2J b` F?E:= pF8FDE
`]k^Am
kAmv#~&}s $"&x##t{$?%96 H2C>6C H62E96C :D 3C:?8:?8 8C@F?5 DBF:CC6=D
2?5 AC@G:5:?8 2 8@@5 @AA@CEF?:EJ 7@C D9@@E6CD] $4@FE 28C:4F=EFC2=
8C@F?5D @? E96 62DE D:56 @7 E96 vC2?56 #@?56 '2==6J 2?5 D@FE96C?
&?:@? r@F?EJ] p=H2JD 2D< 7@C A6C>:DD:@? 367@C6 9F?E:?8 AC:G2E6
=2?5D] |2?J =2?5@H?6CD 2C6 C646AE:G6 E@ 2==@H:?8 J@FE9 8C@F?5
DBF:CC6= 9F?E6CD]k^Am
kAm%&#zt*? $AC:?8 EFC<6J D62D@? @A6?65 pAC:= `d] %96 >:=5 H:?E6C
92D C6DF=E65 :? 6I46==6?E EFC<6J DFCG:G2=]k^Am
kAmqtp#? $AC:?8 362C D62D@? @A6?65 pAC:= `d] {@@< 7@C 362CD :? >:5
E@ =@H 6=6G2E:@?D H:E9:? E96 $E2C<6J &?:E] $F446DD7F= 9F?E6CD 2C6
C6BF6DE65 E@ D6?5 :? 2 AC6>@=2C E@@E9 7@C 3=24< 362C A@AF=2E:@?
>@?:E@C:?8]k^Am
kAm&|p%x{{p sx$%#xr%k^Am
kAm$!#x}v qtp#i r@?EC@==65 9F?E:?8 @A6? F?E:= |2J `d] (62E96C :D
H2C>:?8 FA D@ 362CD D9@F=5 36 @FE 2?5 9:56D H:== 36 :? 8@@5
4@?5:E:@? 7@C E96 ?6IE 76H H66<D]k^Am
kAm%&#zt*i !C6>:F> EFC<6J 9F?E:?8 D62D@? 7C@> ?@H E9C@F89 |2J b`]
':D:E =:?< 36=@H 7@C 7F== 7@C642DE 7@C }t C68:@? :?4=] &>2E:==2
r@F?EJ]k^Am
kAmk2 E2C86ElQ03=2?<Q 9C67l
Q9EEAi^^HHH]57H]DE2E6]@C]FD^##^9F?E:?807@C642DE^?@CE962DE0EFC<6J]2DAQm
9EEAi^^HHH]57H]DE2E6]@C]FD^##^9F?E:?807@C642DE^?@CE962DE0EFC<6J]2DAk^2mk^Am
kAm'xt(x}vk^Am
kAmq2=5 628=6D 42? 36 D66? 2=@?8 E96 $@FE9 r@=F>3:2 #:G6C 32D:?
H:=5=:76 >2?286>6?E 2C62D] s66C 2?5 6=< 96C5D D9@F=5 36 3F?4965 FA
2?5 G:D:3=6 :? E96 q=F6 |@F?E2:?D 2?5 362CD 2C6 2=D@ @FE]k^Am
kAmqpzt# sx$%#xr%i #@4<J |@F?E2:? 3:89@C? D966A[ >F=6 566C[ 2?5
32=5 628=6D 42? 36 @3D6CG65 2=@?8 $?2<6 #:G6C #@25 36EH66?
wF?E:?8E@? 2?5 #:49=2?5] (2E6C7@H= G:6H:?8 @AA@CEF?:E:6D 2C6
23F?52?E E9:D E:>6 @7 J62C 2E E96 C6D6CG@:C 2?5 A@5D @7 E96 4@F?EJ]
{:DE6? 7@C CF7765 8C@FD6 5CF>>:?8 :? 7@C6DE65 2C62D] k^Am
kAm(p{{~(p sx$%#xr%i #@4<J |@F?E2:? 3:89@C? D966A[ 6=<[ 2?5 >F=6
566C 42? 36 @3D6CG65 2E E96 (6?292 (:=5=:76 pC62[ %C@J[ ~C68@?]
t56? q6?49 AC@G:56D 2 8@@5 @AA@CEF?:EJ E@ G:6H 566C 2?5 6=<[ H9:=6
3:89@C? D966A 2C6 @7E6? @3D6CG65 :? C:> C@4<D 23@G6 E96 vC2?56
#@?56 #:G6C] q2=5 628=6D 2C6 4@>>@? 2=@?8 E96 vC2?56 #@?56 #:G6C
?62C %C@J[ 2?5 2=@?8 E96 (2==@H2 #:G6C 7C@> |:?2> E@ y@D6A9]k^Am
kAmq#xsvt r#ttz (x{s{xut p#tpi v@@5 6=< G:6H:?8 @AA@CEF?:E:6D 2E
E96 qC:586 rC66< (:=5=:76 pC62 :? !6?5=6E@?]k^Am
kAmt{zw~#} (x{s{xut p#tp$i #6@A6? E@ AF3=:4 2446DD]k^Am
kAmkDEC@?8m$}pzt #x't# +~}tk^DEC@?8mk^Am
kAmkDEC@?8mux$wx}vk^DEC@?8mk^Am
kAmq#~(}{tt #t$t#'~x#i rC2AA:6 7:D9:?8 92D 366? 8@@5 6DA642:==J 2E
?:89E] q2DD 7:D9:?8 92D 366? 8@@5 2?5 E96 7:D9 2C6 =2C86] !6C49 2?5
3=F68:== 2C6 36:?8 42F89E 3J 3@2E 2?5 7C@> D9@C6] &D6 H@C>D[ ;:8D
H:E9 4C2AA:6 ?:33=6D @C 4FE32:E] p 76H 42E7:D9 2C6 36:?8 A:4<65 FA
2D H6==] %96 C6D6CG@:C :D C:D:?8 2?5 :D 2E `_ 766E 36=@H ?@C>2=]
r2== x529@ !@H6C r@>A2?JVD C64@C5:?8 2E `\g__\caa\b`cb E@ 86E
:?7@C>2E:@? @? 2446DD 2E C64C62E:@?2= D:E6D @C G:D:E
k2 9C67lQ9EEAi^^HHH]:529@A@H6C]4@>QmHHH]:529@A@H6C]4@>k^2m F?56C E96 Q#:G6CD 2?5 #64C62E:@?Q 9625:?8] u@C
C6D6CG@:C =6G6= :?7@C>2E:@?[ G:D:E k2 E2C86ElQ03=2?<Q 9C67lQ9EEAi^^HHH]?H5\H4]FD246]2C>J]>:=^A6C=^52E2BF6CJ]A=n<3C@H?=66Qm9EEAi^^HHH]?H5\H4]FD246]2C>J]>:=^A6C=^52E2BF6CJ]A=n<3C@H?=66k^2mk^Am
kAm~)q~( #t$t#'~x#i u:D9:?8 :D D=@H]k^Am
kAmwt{{$ rp}*~} #t$t#'~x#i u:D9:?8 :D D=@H]k^Am
kAm$}pzt #x't# Wq6=@H w6==D r2?J@? s2>Xi $E66=9625 7:D9:?8 :D
4=@D65] pD H2E6C H2C>D[ E96 32DD 7:D9:?8 D9@F=5 :?4C62D6]k^Am
kAmkDEC@?8mr~{&|qxp #x't# +~}tk^DEC@?8mk^Am
kAm$2=>@?[ $E66=9625[ $925ik^Am
kAmq~}}t'x{{t !~~{i (66<=J 4964<:?8 D9@H65 @?6 25:A@D6 7:?\4=:AA65
DAC:?8 r9:?@@< <6AE 7@C `b 32?< C@5Dj 2?5 ?@ 42E49 C6A@CE65 7@C @?6
3@2E]k^Am
kAmy~w} sp* !~~{i }@ C6A@CE]k^Am
kAm$EFC86@?k^Am
kAmx? E96 {@H6C r@=F>3:2 #:G6C DEFC86@? 42E49 C2E6D 564=:?65 7C@>
E96 AC6G:@FD H66<6?5]k^Am
kAmv~#vt qp}zi (66<6?5 4964<:?8 D9@H65 EH@ =682= H9:E6 DEFC86@?
<6AE[ A=FD @?6 @G6CD:K6 2?5 @?6 DF3=682= C6=62D65 7@C ab 32?<
2?8=6CD]k^Am
kAmv~#vt q~p%$i (66<6?5 4964<:?8 D9@H65 ?@ 42E49 C6A@CE65 7@C EH@
3@2ED W4@>A=6E6 EC:ADX]k^Am
kAm%#~&%sp{t q~p%$i (66<6?5 4964<:?8 D9@H65 E9C66 DF3=682= DEFC86@?
C6=62D65 7@C `_ 3@2ED W4@>A=6E6 EC:ADX]k^Am
kAm!~#%{p}s %~ {~}v'xt( q~p%$i (66<6?5 4964<:?8 D9@H65 D6G6? =682=
H9:E6 DEFC86@? <6AE[ A=FD `__ DF3=682= DEFC86@? C6=62D65 7@C d`
3@2ED W4@>A=6E6 EC:ADX]k^Am
kAm!~#%{p}s %~ r{p%$zp}xt qp}zi (66<=J 4964<:?8 D9@H65 ?@ 42E49
C6A@CE65 7@C D6G6? 32?< 2?8=6CD]k^Am
kAmt$%&p#* q~p%$i (66<6?5 4964<:?8 D9@H65 @?6 =682= H9:E6 DEFC86@?
<6AE[ A=FD @?6 DF3=682= DEFC86@? C6=62D65 7@C E9C66 3@2ED W4@>A=6E6
EC:ADX]k^Am
kAmq~}}t'x{{t !~~{i (66<=J 4964<:?8 D9@H65 `a DF3=682= DEFC86@?
C6=62D65 7@C bc 32?< C@5Dj 2?5 `c DF3=682= DEFC86@? C6=62D65 7@C
D6G6? 3@2ED]k^Am
kAmy~w} sp* !~~{i }@ C6A@CE]k^Am
kAm(2==6J6k^Am
kAmq~}}t'x{{t !~~{i (66<=J 4964<:?8 D9@H65 ?@ 42E49 C6A@CE65 7@C
7@FC 32?< C@5Dj 2?5 @?6 H2==6J6 <6AE 7@C EH@ 3@2ED]k^Am
kAmy~w} sp* !~~{i }@ C6A@CE]k^Am
kAmkDEC@?8m|p#x}t +~}tk^DEC@?8mk^Am
kAmkDEC@?8mux$wx}vk^DEC@?8mk^Am
kAmp?8=6C 24E:G:EJ 2?5 DF446DD 92D 366? G6CJ 8@@5 :? E96 @462? H96?
H62E96C 4@?5:E:@?D A6C>:E] {:?84@5 7:D9:?8 4@?E:?F6D E@ 36 G6CJ
8@@5] {:?84@5 2?5 4236K@? >@G6 :?D9@C6 E@ >2E6 2?5 =2J 688D E9:D
E:>6 @7 J62C] p?8=6CD >2J 2=D@ 7:?5 DF446DD 7:D9:?8 7C@> ;6EE:6D
7@C E96D6 DA64:6D] $AC:?8 :D 2=D@ E96 E:>6 E92E D@>6 6DEF2C:6D D66
2? :?7=FI @7 DFC7A6C49 E92E 4@>6 :? E@ C6=62D6 E96:C J@F?8] %96
>2C:?6 52:=J 328 =:>:E 7@C a__f :D D:I 7:D9 W:?4=F5:?8 C@4<7:D9[
8C66?=:?8[ 4236K@? 2?5 @E96C >2C:?6 DA64:6DX 2?5 EH@ =:?84@5 2?5 `d
DFC7A6C49] }6H E9:D J62C[ E96 52:=J =:>:E 7@C 7=2E7:D9 W7=@F?56CD[
D@=6D[ D2?5523D[ EFC3@ED 2?5 92=:3FED 6I46AE !24:7:4 92=:3FEX :D
ad] r2?2CJ C@4<7:D9 2?5 J6==@H6J6 C@4<7:D9 >2J ?@E 36 C6E2:?65] u@C
:==FDEC2E:@?D 2?5 56D4C:AE:@?D @7 E96D6 DA64:6D D66 A286 hg @7 E96
~C68@? $A@CE u:D9:?8 #68F=2E:@?D 3@@<=6E @C 5@H?=@25 E96 #65
#@4<7:D9 x56?E:7:42E:@? vF:56 2E k2 E2C86ElQ03=2?<Q 9C67l
Q9EEAi^^HHH]57H]DE2E6]@C]FD^|#!^C68F=2E:@?D^DA@CE07:D9:?8Qm9EEAi^^HHH]57H]DE2E6]@C]FD^|#!^C68F=2E:@?D^DA@CE07:D9:?8k^2m]
%96 >:?:>F> =6?8E9 7@C =:?84@5 :D aa :?496D[ 7@C 4236K@? :E :D `e
:?496D 2?5 7@C 8C66?=:?8 :E :D `_ :?496D] u@C 4@>A=6E6 C68F=2E:@?D
2?5 E96k^Am
kAm|2C:?6 $A@CE u:D9:?8 $FAA=6>6?E[ A=62D6 D66 k2 E2C86ElQ03=2?<Q
9C67l
Q9EEAi^^HHH]57H]DE2E6]@C]FD^C6D@FC46D^7:D9:?8^Qm9EEAi^^HHH]57H]DE2E6]@C]FD^C6D@FC46D^7:D9:?8^k^2mk^Am
kAm~462? 7:D9:?8 7@C D2=>@?[ @E96C E92? 4@9@[ @A6?65 |2C49 `d D@FE9
@7 r2A6 u2=4@? W?62C |2?K2?:E2X 2?5 ?@CE9 @7 wF>3F8 |@F?E2:? W?62C
!@CE ~C7@C5X] %9:D E:>6 @7 J62C[ >@DE 49:?@@< D2=>@? 2C6 72CE96C
E92? b_ >:=6D @77D9@C6 2?5 566A]k^Am
kAmrC233:?8 :? 32JD 2?5 6DEF2C:6D :D A@@C E@ 72:C] $@>6 4C2336CD
92G6 925 =F4< D6EE:?8 E96:C 862C 9:896C :? E96 6DEF2CJ E92? ?@C>2=]
u@C DA@CE 4C2336CD E96 >:?:>F> D:K6 7@C sF?86?6DD 4C23 :D d ¾
:?496D >62DFC65 :? 2 DEC2:89E =:?6 24C@DD E96 324< :>>65:2E6=J :?
7C@?E @7[ 3FE ?@E :?4=F5:?8[ E96 A@:?ED] u@C 2 A9@E@8C2A9 2?5
5:28C2> D66 A286 hb @7 E96 ~C68@? $A@CE u:D9:?8 #68F=2E:@?D
3@@<=6E]k^Am
kAm%96 6?E:C6 ~C68@? 4@2DE :D @A6? 7@C E96 92CG6DE @7 C2K@C 4=2>D]
%96C6 :D 2 =@H\E:56 D6C:6D :? E96 =2E6 27E6C?@@? E9:D H66< E92E
D9@F=5 2==@H 8@@5 4=2>>:?8 @AA@CEF?:E:6D] %96 52:=J =:>:E 7@C C2K@C
4=2>D :D E96 7:CDE `d E2<6? C682C5=6DD @7 D:K6 @C 4@?5:E:@?] u@C
>@C6 :?7@C>2E:@? @? ~C68@?VD C2K@C 4=2>D[ :?4=F5:?8 E:AD @? 9@H E@
5:8 C2K@C 4=2>D[ G:D:E k2 E2C86ElQ03=2?<Q 9C67l
Q9EEAi^^HHH]57H]DE2E6]@C]FD^|#!^D96==7:D9^C2K@C4=2>DQm9EEAi^^HHH]57H]DE2E6]@C]FD^|#!^D96==7:D9^C2K@C4=2>Dk^2m]
$A@CE 92CG6DE @7 >FDD6=D 2?5 32J 4=2>D :D @A6? 4@2DEH:56 2=D@] p
D96==7:D9 =:46?D6 :D C6BF:C65 7@C E2<:?8 2== D96==7:D9]k^Am
kAmu@C :?7@C>2E:@? @? 5@>@:4 24:5 G:D:E E96 ~C68@? s6A2CE>6?E @7
p8C:4F=EFC6 H63D:E6 2E k2 E2C86ElQ03=2?<Q 9C67l
Q9EEAi^^HHH]@C68@?]8@G^~sp^u$s^D96==7:D90DE2EFD]D9E>=Qm9EEAi^^HHH]@C68@?]8@G^~sp^u$s^D96==7:D90DE2EFD]D9E>=k^2m
@C 42== E96:C D96==7:D9 9@E=:?6 2E d_b\hge\cfag @C
`\g__\ccg\acfc]k^Am
kAm%96 !24:7:4 92=:3FE 7:D96CJ :D 4=@D65 F?E:= |2J]k^Am
kAmkDEC@?8m'xt(x}vk^DEC@?8mk^Am
kAm*p"&x}p wtps ~&%$%p}sx}v }p%&#p{ p#tp p446DD:3=6 E:56 A@@=D
C6G62= E96:C D64C6ED 2E =@H E:56] $66 2?6>@?6D[ 96C>:E 4C23D[ D62
FC49:?D[ D>2== 7:D9[ ;6==J 7:D9[ D62 DE2CD[ 32C?24=6D 2?5 >@C6]
{@@< 7@C 92C3@C D62=D 2?5 D62 =:@?D]k^Am
kAm%96 ?@CE93@F?5 >:8C2E:@? @7 v#p* (wp{t$ 4@?E:?F6D E9C@F89 E96
6?5 @7 pAC:=] sFC:?8 E96 DAC:?8 >:8C2E:@? E96 H92=6D 2C6 4=@D6C E@
D9@C6 2?5 D@>6E:>6D DE@A E@ 62E] p 8C@FA @7 >@C6 E92? a__ 8C2J
H92=6D DE2J 2=@?8 E96 ~C68@? 4@2DE 7C@> E96 DAC:?8 E9C@F89 72==]
%9:D C6D:56?E A@AF=2E:@? ;@:?D E96 pCE:4 8C2J H92=6D 5FC:?8 E96:C
H:?E6C >:8C2E:@? E@ E96 42=G:?8 8C@F?5D :? E96 $62 @7 r@CE6K 2?5
E96? C6EFC?D 6249 J62C E@ 7665 @? D>2== D9C:>A E92E =:G6 :?
~C68@?VD <6=A 7@C6DED]k^Am
kAmr2=>6C 52JD 2C6 36EE6C H92=6 H2E49:?8 52JD] p?J DA@E H:E9 2?
@462? G:6H >2J J:6=5 H92=6 D:89E:?8D[ 3FE 9:896C =@42E:@?D 2C6
36EE6C E92? D2?5J 362496D] $6G6C2= 42CE6C 3@2E @A6C2E:@?D 2=@?8 E96
4@2DE @776C H92=6\H2E49:?8 EC:AD]k^Am

