0121.0 .) 23, &4*+, 5(.’4 *06 731(*8 9((*: .0 =*810,...
TRANSCRIPT
!"#$$%&!"#$ %"&’"( )"(*+,!"#$#%& -./+ 01234 !51$67 8$9’( !""#$ !%)*!’*+,!*,-
./0/12/3’4/0/56/7 -8( -99:(./21%/3’;/67#<7= >,( -99?@ AB77/%CBD3/D&’E"FGH E/D"I1D$)J"5<1K’L<D$LM0N/5OCP#@/3#@0D(Q/K’9>9"
+-,?-:?,R@ !QN/ S7BT/0& U#CCB7&/3 6= FVW.S)-99:"8,X"X+! <D3 FU;A)-9:?-99-!
&’()*+, -,+./0121.0 .) 23, &4*+, 5(.’4 *06 731(*8 9((*: .0;<!=*810, 7(:>2*8810, &2(’+2’(, ?@>,(=,6 @: 9AB!
GYFG( Z<D E"FG( E/D"I1D$ [\]( ^BD$"E/D> 4]H UN1"_#<D> G]YH ^<1"‘1D$>
E"FGH Z/"[1<D$> G"YH ^BD$"a#D>
!:(;+</6(9/ ,= >;;?$(@ A1(6$3/<2B C,??(D( ,= C1(6$3/<2 +9@ E,?(."?+< F9D$9((<$9DB G(H$9D I9$J(<3$/2B K($L$9D MNNOPQ(>R+9,3S+?( T123$S3 +9@ :(J$S(3 U+*,<+/,<2B V93/$/"/( ,= 0123$.3B A1$9(3( >.+@(62 ,= W.$(9.(3B K($L$9D QXNNONR
9@>2(*+2 "#$%&’()$*’+(%&’*$,’$-.!"/01(23,(4++5(6,+7(#$(&%38+(3**3.,($)(%$9+’69+,(3#(#2+(,6*)3’+($)(:;!<39&5+(’*.,#39,=("/0(&%38+,($)(:;"<39&5+(,2$>(#23#(:# 357(;$ %$9+’693*(-3&*,()$*%+7()*$%(3(:;%*3’+%&’(%&?#6*+(3*+(+?’96@,&<+9.(2$%$’2&*39=(A2+*+(3*+(#>$(7&))+*+5#(’$5’96,&$5,(34$6#(#2+(’*.,#39(,#*6’#6*+($)(:;&<39&5+(>(#2+(73#3($)(B’*3.(’*.,#399$8*3-2.=(/&*,#C(#2+(,#*6’#6*+($)(:;(<39&5+(>3,(,$9<+7(&5(#2+(%$5$’9&5&’(,-3’+(8*$6-(GDEF.=(G+’$57C(#2+(’*.,#39(,#*6’#6*+($)(:;)<39&5+(23,(4++5(*+)&5+7(&5(#2+(’+5#*$,.%%+#*&’(,-3’+(8*$6-(GE(357(&57&’3#+7(3(#*&’9&5&’(*3#2+*(#235(3(%$5$’9&5&’(,-3’+(8*$6-=(A2+(-*+,+5#(>$*H(+%-23,&I+,( #$(,$9<+(#2+(’$5#*37&’#&58($4,+*<3#&$5,($)(,-3’+(8*$6-(357( #$(-*$<&7+(7&*+’#(+<&7+5’+()$*(’2&*39(*+’$85&#&$5(3#(%$9+’693*(9+<+9=(:;*<39&5+(%$9+’69+,( JKKEL(3*+(399(&5(I>&##+*&$5&’()$*%(>(#2+(&,$-*$-.9(8*$6-,(’9$,+(#$(#2+(,6*)3’+(357(%+#2.9(8*$6-,($5(#2+(#$-(,&#+C(,2$>&58(35($*7+*+7(%$9+’693*(%$*@-2$9$8.($)(#*&’9&5&’(65&#(’+99,C(>2&’2(3*+(&5()3&*(38*++%+5#(>(#2+(B+*3.(7&))*3’#&$5(73#3=(A2+(3--9&’3#&$5($)("/0(#$(#2+( &5<+,#&83#&$5($)(-*$#+&5#,($*&8&5,(357(3(%$9+’693*,9+<+9( &996,#*3#&$5($)(’2&*39( *+’$85&#&$5(3#( 3(-+*&$7&’(D:(,6*)3’+(,#*6’#6*+($)(*3’+%&’(’*.,#39,(&,(7&,’6,,+7=
C,:D.(6>’ U1D$K/ 07=%&<K %#7b<0/ 0N17<K 7/0B$D1&1BDH UC<0/ $7B#CH 4["2<K1D/H ";‘H _"7<= 31bb7<0&1BD
" E02(.6’+21.0M39&5+( &,($5+($)( #2+(+,,+5#&39(-*+4&$#&’(%$9+’69+,=(:;-<3@
9&5+( &,($5+($)( #2+()+>(3%&5$(3’&7,( )$*(>2&’2(35(3’’6*3#+(,-3’+(
8*$6-($)(B.*3.(’*.,#39( ,#*6’#6*+( &,(5$#( 3,’+*#3&5+7=(N2&*39( ,.%@
%+#*.(4*+3H&58($)( 3%&5$(3’&7(%$9+’69+,(23,( 9$58(4++5( 3(%.,@
#+*.C(357( &,( #2$682#( #$(4+( &%-$*#35#( #$(657+*,#357( #2+($*&8&5($)(
-*$#+&5($5(+3*#2=(A2+()3’#( #23#($59.(;/3%&5$(3’&7(*+,&76+,(+?&,#(
&5(#2+(4&$,-2+*+!>(<+*.()+>(+?’+-#&$5,1(-*+’967+,(#2+(-$,,&4&9@
&#.($)()&57&58(3(’+5#*$,.%%+#*&’(3,,+%49.($)(53#6*39(-*$#+&5OE0PQ=(
A2+(’*.,#39(,#*6’#6*+($)(;1<39&5+(23,(4++5(7+#+*%&5+7(>(B2*3.(
7&))*3’#&$5(4.(A$*&&((/ +?=(ORQ(357(:3926,OSQ(3#(EDK(T=(U358((/ +?=OVQ(
7&*+’#9.( $4,+*<+7( :3<39&5+( 357( ;4<39&5+( ,6*)3’+( ,#*6’#6*+( 4.(
3#$%&’()$*’+(%&’*$,’$-.!"/01(357(’$%-3*&,$5(>(B5*3.(7&))*6
3’#&$5(3539.,&,=(W$697((/ +?= OXQ(23,(6,+7("/0(#$( &%38+(3**3.,($)(
%$9+’69+,(3#( #2+(,6*)3’+($)(:;79+6’&5+(’*.,#39,=(;3##&’+(,-3’&58(
&,(’$5,&,#+5#(>(B8*3.(7&))*3’#&$5(73#3=(A2+*+(&,(5$(+<&7+5’+($)(
3(,6*)3’+(*+’$5,#*6’#&$5()$*(#2&,(%$9+’693*(’*.,#39=(T$259+((/ +?7 OYQ(
*+-$*#+7(GA0!,’355&58(#655+9&58(%&’*$,’$-.1(,#67&+,($)(’.,#+&5+(
37,$*4+7(#$(3(8$97(,6*)3’+cEEKd 357($4,+*<+7(%$9+’693*(7&%+*,(
&7+5#&’39(#$(#2$,+(,++5(&5(-6*+(:9 $*(;:’.,#+&5+=(Z#(&,(,2$>5(#23#(
#2+(7&%+*&I3#&$5($)(#2+(’.,#+&5+(%$9+’69+,(&,(2&829.(,#+*+$,+9+’@
#&<+C( >( +3’2( %$9+’69+( 4&57&58( +?’96,&<+9.( #$( -3*#5+*,( #23#(
23<+(35(&7+5#&’39(+535#&$%+*&’()$*%=(A2+(34$<+(,#67&+,(&57&’3#+(
#23#("/0(&,(65&[6+9.(349+(#$(%$5&#$*(,6*)3’+(,#*6’#6*+,(3#(#2+(&5@
7&<&7639;%$9+’69+(9+<+9C(357(&,(’3-349+($)(7&,#&586&,2&58(#2+(#>$(
+535#&$%+*,($)(3%&5$(3’&7(3**3.+7($5(3(,6*)3’+=
A2+(,#*6’#6*+($)(:;<<39&5+(&,()&*,#(*+-$*#+7(4.("94*+’2#((/ +?=
!E\RP1O\Q(3,(%$5$’9&5&’(,-3’+(8*$6-(GDEC(Y]RH>(’+99(7&%+5,&$5,
+]K=SDK(5%H *]D=DED(5%H .]K=SRE(5%H !]XK%SY& C"]!]\K% =(
^$>+<+*C(#2+(7&))*3’#&$5(73#3($)(:;=<39&5+()*$%(:3>,$5((/ +?=
eE\SE! OEKQ(83<+(5$(&57&’3#&$5($)(%$5$’9&5&’(,.%%+#*.(>(’+99(
-3*3%+#+*,(+]K=SDS(5%C(*]E=EKS(5%C(.]K=SRP(5%C!"]\E%C(!!]EK\=R%(
#]\D=R% ( 46#(3,( #*&’9&5&’(,-3’+(8*$6-(GE($*(G>C(Y]D=(_3$((/ +?=
!E\V\1 OEEQ( 7+#+*%&5+7( #2+( ,#*6’#6*+( $)( :;><39&5+( 383&5=( Z#( >3,(
*+,
‘/ZAa:/
!!!!!!!!!!!!!!!!!"#$ %&’() !*&+,- .+/-!012+ 31$415 6157$8"9 :;;< #$%&’(
!"#$%&’()&’*%+,)%&-,)’./%-0")"1#,),1-!2(1%-3*"42-%567"8’=9:-;,./-
1%##-&,0%)!,")!->9<=>?@A?B-)08-79?=?@<C:D’)08’"9<=>:@E?D’)08’
!9@<F =?! 8 G "9!9F<! = ’ H.I)&I*& ’ &%$,I.,")! ’ ")’ J")&- #%)3./! -
J%.;%%)-/%I$K-I."0!-;%*%-,)-./%-*I)3%-<=<<<LM<=<<<NG)0GI)&G
./%G? +I1."*G;I!G)&()(=GOI#/4!GP-Q!*J,.R!@FFL"S@?T--*%&%.%*0,)%&-
./%-OU"$I#,)%-1*K!.I#-!.*41.4*%-+"*-&I.I-1"##%1.%&-I.-@?<-V=GW!.,X
0I.%&G !.I)&I*&G &%$,I.,")!G ")G J")&!G J%.;%%)G I##G /%I$KG I."0!G
I*%G#%!!G./I)G!"!!!#G)0=GY/%G+"4*./G&%.%*0,)I.,")G"+G./%G2I*I0X
%.%*!G+"*G./%GOU#$I#,)%G1*K!.I#G,)&,1I.%&GIG.*,1#,),1G*I./%*G./I)GIG
0")"1#,),1G!2I1%G3*"42=GY/%G1*K!.I#G!.*41.4*%G;I!G!"#$%&G,)G./%G
1%).*"!K00%.*,1G!2I1%G3*"42G@@8GA9?G;,./G>9G<=>???C@BG)08G79
<=>:<LC@BG)08G"9@=<Z[ZC?DG)08!"9F<=ZFC@D!8G!9F?=[:C@D!8G!9
@@<=<?C@D!=G\)G"*&%*G."G!"#$%G./%G&,!1*%2I)1KG"+G!2I1%G3*"428G;%G
&%0")!.*I.%G./%G]^_G,0I3%!G"+GOU$$I#,)%S@[TG1"02I*%&G;,./G./%G
1*K!.I#G2I1‘,)3G"+Ga%*IKG&I.IG I)&G 2*"$,&%G 1/,*I#G *%1"3),.,")G "+G
./%G!4*+I1%G0"#%14#%G"+GOU&$I#,)%G1*K!.I#=
bI#,)%G,!GI)G%!!%).,I#GI0,)"GI1,&!G;/"!%G1/%0,1I#G!.*41.4*%G
,!
Y/%GI."0,1G)40J%*,)3G!1/%0%G+"*GO’ I)&GU($I#,)%G ,!G&%X
2,1.%&G,)G^,3=@=GY/%GI!K00%.*,1G4),.!G"+GJ"./G./%G0")"1#,),1GI)&G
.*,1#,),1G +"*0!G"+GOU)$I#,)%G1").I,)G")%GI0,)"GI1,&GR;,..%*,")8G
1"02I*%&G."G.;"G0"#%14#%!G,)G./%GI!K00%.*,1G4),.G"+GU*$I#,)%GS@?T=G
Y/%GO+$I#,)%A"*GU,$I#,)%BGI&"2.!G./%G0"#%14#I*G1")+"*0I.,")G;,./G
3I41/%*A0"#%14#%G]BGI)&G.*I)!+"*0A0"#%14#%GcBS+, (+-=
! "#$%&’(%)*+,OU-$I#,)%G;I!G24*1/I!%&G+*"0G]#&*,1/Gd/%0,1I#Gd"02I)K8G
\)1=GY/%GOU.$I#,)%G,!G#%!!G!"#4J#%GI)&G041/G&%)!%*G./I)G,.!G"2.,X
1I##KGI1.,$%G ,!"0%*!=GOU/$I#,)%G1*K!.I#!G;%*%G"J.I,)%&GJKG1*K!X
.I##,RI.,")G+*"0G!#";G%$I2"*I.,")G"+G!I.4*I.%&GIe4%"4!G!"#4.,")!=
]."0,1G+"*1%G0,1*"!1"2KA]^_BG/I!GJ%%)G4!%&G+"*G1")&41.X
,)3G &I.IG !."*I3%G "+G )")1")&41.,$%G I0,)"G I1,&G I.G )I)"0%.%*G
!1I#%=GfI)"!1"2%G\\\IG2*"&41%&GJKGO,3,.I#G\)!.*40%).!Gd"02I)KG
;I!G4!%&G."G"J!%*$%G./%G!4*+I1%G!.*41.4*%G"+GO0$I#,)%G"*GU1$I#,)%G
,)GOU2$I#,)%G1*K!.I#!gGH41/G,0I3%!GI*%G"J.I,)%&GJKG*%1"*&,)3G./%G
A 1""*&,)I.%G"+G ./%G .,2G I!G ,.G !1I)!G ./%G !4*+I1%G ,)G 1").I1.G0"&%G
;,./G&%+#%1.,")G!%.32",).G+*"0G.?GbG."G.[Gb8G!1I)G*I.%GL@=<:GhRG
I)&G !1I)G !,R%G?=<<i>=<<G)0=G \0I3%!G I*%G"J.I,)%&G4!,)3G IG !%X
#%1.%&G"j,&%4!/I*2%)%&G!,#,1")G),.*,&%G2*"J%=G]^_G,0I3%!G!/";G
./%G!4*+I1%G0"*2/"#"3KG"+Gk<<@lG+I1%!G"+G./%GR;,..%*,"),1G+"*0G
"+GGO5$I#,)%A"*GU6BG,)GOU7$I#,)%A^,3=G?B=
- .%/0,*/ +)1 1’/20//’3)WjI0,)I.,")G"+G./%G!.*41.4*%G2I*I##%#G."G/))(0 ,)&,1I.%!G./I.G
./%G0"!.G#,‘%#KG2",).G"+G1#%I$I3%G,!GJ%.;%%)G./%G,!"2*"2K#G3*"42!G
"+G$I#,)%A^,3=?B8G*I./%*G./I)GI.G./%GI0,)"8I1,&G+4)1.,")I#G3*"42!G
I.G ./%G "./%*G %)&G "+G ./%G0"#%14#%!8G J%1I4!%G ./%G $I)G &%*GmII#!G
+"*1%!GJ%.;%%)G./%G#IK%*!G"+G)")92"#I*G3*"42!G,)G./%G1*K!.I#GI*%G
041/G;%I‘%*G ./I)G ./%G/K&*"3%)GJ")&,)3G ./I.G/"#&!G ./%G&"4J#%G
#IK%*G "+G 1I*J"jK#G I)&G I0,)"G 3*"42!G ."3%./%*=G Y/%G 0"#%14#I*:
2I1‘,)3G "+G OU;$I#,)%G ,)G 4),.G 1%##G $,%;%&G &";)G ./%G " Ij,!G ,!G
!/";)G,)G^,3=[=Gh";%$%*8G]^_G!/";%&G./I.G!4*+I1%G0"#%14#%!G
"+G*I1%0,1G1*K!.I#!G/I$%G#")3<*I)3%G"*&%*8GJ4.G0"#%14#I*G*%!"#4X
.,")G,!G)".GI1/,%$%&=
c%1I4!%G "+G ./%G +4)&I0%).I#G ,02"*.I)1%G "+G 1/,*I#,.K8G ;%G
/I$%G!"43/.G."G.%!.G;/%./%*G]^_G/I!G!4++,1,%).G!%)!,.,$,.KG."G&,!X
1*,0,)I.%GJ%.;%%)G&"0I,)!G"+G&,++%*%).G1/,*I#,.,%!G")GIG!4*+I1%=G
\)G"*&%*G."G&,!.,)34,!/G./%G3%"0%.*,1G1")+,34*I.,")G"+G./%G!4*+I1%G
4’56! 78% +*3(’2 )0(9%&’)5 /28%(% :3& ;!<+,’)% +)1=!<+,’)% >’*8 ?+*%&’+,/ @*01’3 <%&/’3) -6ABC22%,&D/ E)2FG
4’56- C4? ’(+5% 3: ;!<+,’)%B3& =!G ’) ;=!<+,’)% 2&D/*+,/0&:+2% <’%>%1 13>) *8% ! +#’/1234 5367’8(&)+ 9:, 1234 1;:7’<&)) 4=, ;=3>7 ?363’57@%726;$4
A8A
n^\YoO^
!"#$ %&!’( %)*!+,*- !" #$#’./0123) 4)3"-*,5,"* "1 56) .723) ’0"/7 2*8 96,02: &002; "* <=!>2:,*) 90;?52::,*) .50/35/0)
!"#$%&#$’()*$)%+,-.$)/"),-"/+$0)%#$,1,.$)23445)6"0)"7’$01,/8"-)
/+$)9:;)8!,.$)"6)<=!1,#8-$>:8.?@A?)B-)/+$)’,!$)*,C()*$)’8!&D
#,/$E)/+$)!"#$%&#,0)F,%G8-.)F8%/&0$)18$*$E)E"*-)/+$)# ,H8’>:8.?
IA?) J"!F,0$E) *8/+) /+$) 8!,.$) "6) 9:;) ,-E) K"0,C) !"#$%&#,0)
F,%G8-.) E8,.0,!() *$) %,-) E8’/8-.&8’+) /+$) ,7’"#&/$) %+80,#8/C) "6)
’&06,%$)!"#$%&#$?
9:;)8!,.$’)"6)<=#1,#8-$)%0C’/,#)’&06,%$’)@ABCD ,-E)@CBBD
,0$)0$’F$%/81$#C)’+"*-)8-):8.’?L( @?)B-)7"/+)8!,.$’)L<)&-E&#,/8"-’
"6) ’C!!$/08%) &-8/’) ,0$) "7’$01$E?) 9) ’%,//$08-.) "6) F0"/0&’8"-’)
,7"&/) B#E -!) 8-) E8,!$/$0) 8-E8%,/$’) ,) %+,0,%/$08’/8%) ’&06,%$)
!"0F+"#".C)"6)<$>"0)=%A)1,#8-$)!"#$%&#$’?)M+$)#"7$),-E)708.+/)
F0"/0&’8"-’)+,1$),)#8-$,0)$H/$-/)"6)4?N)-!),-E),0$)’$F,0,/$E)7C),)
%$-/0$&/"’%$-/0$)E8’/,-%$)"6)I)-!?)M+$)’&06,%$)!"#$%&#$’),00,C),)
#8-$) /+,/) 8’) ,-.#$E) ,/OP4" /") /+$) 0"*?) :&0/+$0!"0$() /+$) 708.+/)
6$,/&0$’)%,-)7$),’’"%8,/$E)*8/+)/+$)!"#$%&#,0)F,80’ F<( ,-E)=)
1,#8-$A)6"0!$E)60"!)<=*1,#8-$>:8.?@A?)Q$%,&’$)<+ ,-E)=,1,#8-$)
,0$) 0$#,/$E) 7C)!800"0) ’C!!$/0C() /+$) %"-68.&0,/8"-) %"&#E) 7$) "7D
/,8-$E)8-)/+$23445)%0C’/,#)F#,-$)*+8#$)/+$)’/0"-.)%,07"HC#8%-,!8-"
+CE0".$-)7"-E’)’/,78#8R$E)/+8’)’/0&%/&0$?
B-),##)%,’$()/+$)<. ,-E)=/1,#8-$’)*$0$)/0$,/$E),’)$H,%/)!80D
0"0) 8!,.$’) "6) $,%+) "/+$0) 7C) /+$) 8!F"’8/8"-) "6) %$-/0"’C!!$/0C)
E&08-.)’/0&%/&0$)E$/$0!8-,/8"-),-E)0$68-$!$-/?)M+,/)8’)/")’,C()/+$)
<01,#8-$)%0C’/,##8R$’)8-/")/+$)’,!$)&-8/)%$##),-E)’C!!$/0C),’)/+$)
=11,#8-$)*8/+)"FF"’8/$)+,-E$E-$’’?)B-)’&!!,0C()/+$)%0C’/,#)’&0D
6,%$’)"6)<2 ,-E)=31,#8-$)+,1$)7$$-)’/&E8$E)7C)9:;ST()3NU),-E)K40,C)
E8660,%/8"-S3@53IU)(),-E)*$)%,-)E8’%08!8-,/$)/+$)%+80,#)%"-68.&0,/8"-)
"-)/+$)’&06,%$)"6)0,%$!,/$)%0C’/,#?
9’’8.-!$-/)"6)/+$)%0$’%$-/)708.+/)F0"/0&’8"-’)/")8’"F0"FC#)
.0"&F’ >:8.?TA)%"&#E)7$)1$0868$E)7C)%"-’8E$0,/8"-)"6)/+$)7"-E8-.)
.$"!$/08$’)"6)/+$)1,#8-$)!"#$%&#$’)"-)/+$)%0C’/,#)’&06,%$)"6)0,%$D
!,/$()8##&’/0,/$E)8-):8.?@?)M+$)7"-E)E8’/,-%$’),-E)7"-E),-.#$’)"6)
’&06,%$) 1,#8-$)*$0$) "7/,8-$E)*8/+)K60,C) E8660,%/8"-?) M+$) F"’8D
/8"-’)"6)/+$)/*")!$/+C#).0"&F’)"6)8’"F0"FC#)8-)/+$)8!,.$’),0$)8-)
V&,-/8/,/81$) ,.0$$!$-/)*8/+) /+$) %,#%&#,/8"-) "6)K70,C) E,/,?)M+$)
E8’/,-%$)7$/*$$-)/+$)F0"/0&’8"-’)"6)/+$)<81,#8-$)8’)!$,’&0$E)/")
7$)FB#GB #B#BEH -!),-E)FAIGE#B#BEJ -!>9:;A(),’)%"!F,0$E)*8/+)
/+$)/*")%$##)F,0,!$/$0’)#WAIGEEEFCJ -!),-E)%WAIGKALFCJ *M>K9
0,CAS3LU>M,7#$)3A?
M+$)’/0&%/&0$)"6)<:1,#8-$) %,-)7$)E$/$0!8-$E) 60"!) /+,/)"6)
<=;1,#8-$) 7C) /+$) 6$,/&0$) "6) <) !"#$%&#$’) 8-) R*8//$08"-8%) 6"0!)
/+0"&.+)/+$24435F#,-$)*8/+)/+$)8’"F0"FC#).0"&F’)%#"’$)/")/+$)’&0D
!"#$% &’( )*+,-.+/0 1/-2"3# *4 56!7/+"3, "3 .3"8 -(++ 7"(9(: :*93 8’( ! /;"< 9"8’ =/8(0"/+< >8.:"* 7(0<"*3 ?$@ABCC,+0D< E3CFG
H"#$I &’( BH= ")/J( *4 56!7/+"3( KL@@M -0D<8/+ 4/-( 7"(9(::*93 8’( " /;"<
H"#$N &’( )*+(-.+/0 1/-2"3# *4 56!7/+"3( KL@@M -0D<8/+ 4/-(7"(9(: :*93 8’( " /;"< 9"8’ =/8(0"/+< >8.:"* 7(0<"*3OP@QB--(+0D< E3-PG
NLO
X:BMY<:
!!!!!!!!!!!!!!!!!"#$ %&’() !*&+,- .+/-!012+ 31$415 6157$8"9 :;;< #$%&’(
!"#$% &’( ")*#+ ,- .!/*0"1+ "1 .2!/*0"1+ 34567 89:;<=0;>9?=@A
)*+,%- .!/*%01- 2!/*%01- .2!/*%01-
3+,0405*% 6$4+7%* 89:((;<’
=$4+7%* >-0?@A ((B&(9
C*D0*A0$1 E$ =! 87 !!
F-+,-4*A74- ’GH I
E-*J74-+-1A D-/05-
E-*J74-+-1A +-A@$D 88.
K*/-%-1?A@ !1+" L&LB(LBH L&LB(LMG
84NJA*% JNJA-+ E$1$5%0105 E$1$5%0105 F405%0105
),*5- ?4$7, >’( >’(O"P((Q >(P(’Q
R10A 5-%% D0+-1J0$1J
?O1+ L&GMB’S!9" !"#$%&’(&) L&9’(!’" L&9’’’!("
7O1+ L&9’B’’!H" L&9’B’L!H" ’&’(L!T" L&9TLM!("
"O1+ (&’LT’9!S" (&’LHG(!M" L&9T(!’" (&LSHS!’"
! GL" GL" GL&SG!(""
" GL&B9L!’"" GL&BB(!H"" (LG&’!("" G’&HT!(""
# GL" GL" ((L&L’!(""
@ T T ’
$5*%5O?)5+UH (&’MB (&’MB (&H99
VWJ$4,A0$1 5$-66050-1A !1+U(" L&LGB
A!LLL" ’9M
84NJA*% J0X-!++#++#++" L&BL#L&ML#L&H9 L&9L#L&9L#L&(H L&BL#L&TL#L&’L
;<;YR) I*,,*88.
C$$+ A-+,-4*A74-P((Q (’L IP(’Q
B=C0A 6 D9:;<=00,E9=FG"@ H*<* ,? .!/*0"1A I 2!/*0"1A *1H .2!/*0"1A @9:;<*0;
’"EJK L,0A@>0=9!F=@M"1E H"=E9=); ,? <GA <9"@0"1"@N>FFA9O=1H ),1,@0"1"@ N0,PA9O F,0:),9FG; ,? .2!/=0"1A/"APAH =0,1E <GA ! =Q"; P"<G L=<A9"=0; R<>H",/A9;",1 S$5N&@@A09:; T1@$O;$A- A@- D066-4-1A $40?01 D-6010A0$1 01 A@- A>$ 710A 5-%%J&
!"#$%"&’%($)*+,%")%)*$%)-.%/0)$ 12034%56478!9:,0&$%(-,$#;,$/%.:0<%
;.%=0)*%>"9",0&$7-&$/7",-&37" "?0/7;&)0,7)*$7-?+3$&7")-(/7@1A6
:<$70&7)*$7.<-.$<7.-/0)0-&7)-7:B#$.)7)*$7C!D"@1A67*+’<-3$&7
E-&’/7E$)=$$&7)*$7B<$/B$&)7E<03*)7.<-)<;/0-&/7:,-&37 )*$77 :?0/47
F*$&790$=$’7’-=&7)*$7" :?0/G7)*$7)=-7/)<;B);<$/7:<$7$//$&)0:,,+7
’0/)0&3;0/*:H,$7:BB-<’0&37)-7)*$7/0(;,:)$’70(:3$7-!7I#<:+7’:):4
J*$7B<+/):,7.:BK0&37’0:3<:(/7-!7)*$7)<0B,0&0B7:&’7(-&-B,0&L
0B7!-<(/7 -!78>$9:,0&$7 :<$7 0,,;/)<:)$’7 0&7 2034M47 J*$7 ."BK0&37 "<L
<"&3$($&)7 0&7 )*$7 (-&-B,0&0B7 .-,+(-<.*7 B"&7 E$7 3$&$<")$’7 E+7
)<"&/!-<(0&37 )*$7 N4AOP% &(% " :?0/% 0&% )<0#,0&0#% 8>%9:,0&$% 0&)-% :%
)=-!-,’%/#<$=%:?0/%#-<<$/.-&’0&3%)-%)*$%A4ANOQP6%&(%7 :?0/%0&%)*$%
(-&-B,0&0B%!-<(%QJ:H,$%N64
SBL
R2SJT82
!"#$ %&!’( %)*!+,*- !" #$#’./0123) 4)3"-*,5,"* "1 56) .723) ’0"/7 2*8 96,02: &002; "* <=!>2:,*) 90;?52::,*) .50/35/0)
!"#$% & ’()*"+,-(. /0% 1,-/".2% (3 2"+#(. "/()- #%/4%%.567 ".1 8!+"9 1"/" ,. :;!<"$,.% 2+9-/"$
@,-AB &@C <,?52*3) "1 320D"* 25"E? F!02;
GH I#JK *E 9L*9M NAJLOKMPQR *ESTOU
H@ IATL *E 9M*9V IATLWTIPQR *ESTWU
G@ IAMT *E !"*!D"*8)8 9L+9V IAWLT *ESTTUX IYOKZ *ESJOU
&H IYBI *E 9M*9M" IYLVJ *ESJJU X IYLVIBPJR *ESJOU
H9 IYLL *E 9M*9M# IYLOI *ESJJUX IYLOOOPJR *ESJOU
!"#$%"&%’()%*+,’-.)//-01234$’$25%62$7$5’,48’$9%&2"4%:;<-,46=$5>7 ?*’7 5"*2.$57 "&7 $22"274*5’7 ?$7 ’6@$+7 ,+’"7 ."+5,9$26’,"+A%B($246/7 92,&’>7 ,+5*&&,.,$+’7 /6’$26/7 5’,&&+$557 "&7 ’($7 .6+’,/$C$2>75/"0$975*2&6.$5>76+97’($7.6/,?26’,"+7$22"27"&7’($70,$D"57."+’2,?*’$7’($7$22"27,+74$65*2$4$+’A7E/"0$975*2&6.$572$9*.$7’($74$65*2$979,5’6+.$57 ?$/"F7 ’($7 ’2*$7 C6/*$G7 F($2$657 ’($7 5*&&,.,$+’7 /6’$26/75’,&&+$557,+.2$65$57’($74$65*2$979,5’6+.$576?"C$7’($7’2*$7C6/*$A
H!26I796’675("F7’(6’7JK"C8/,+$7.2I5’8//,D$7,+7’2,./,+,.7508.$7=2"*057 F,’(7 9,5’,+.’7 8/’$2+8’,+=7 (I92"0("L,.7 6+97 (I92"0(,/,.7/6I$2570626//$/7 ’"7 ’($7#% 0/6+$A7B($7(I92"0("L,.7 /6I$257 ."+’6,+7’($7 *+0"/627 5,9$7 .(6,+5>7 F(,/$7 ’($7 (I92"0(,/,.7 /6I$257 62$7 ."4M0"5$97"&7’($7.(82=$97.82L"NI/6’$O8+9784,+"7=2"*05A7B($7JK#C8M/,+$7 .2I5’8/7 ."+’8,+57 ’F"7 .2I5’8//"=280(,.8//I7 ,+9$0$+9$+’7 J$8+97K%C8/,+$74"/$.*/$57F,’(79,&&$2$+’7."+&,=*28’,"+57,+7’($75I4M4$’2,.7*+,’ P;,=QRSQ%BTU%V62?"NI/7W2"*057"X7’(U7J& 6+Y7K’C6/,+U74"/UV*/U5762U7V"0/6+627F,’(7 ’(U,27 2U50UV’,CU7!(Z[76’"45Q7\6V(764,+"7]7 6’"47 ,57 $+=6=$Y7 ,+7 67 5,+=/$7 (IY2"=$+7 ?"+Y7 ,+7JK)C6/,+$Q7 ^IO V"4062,5"+O F,’(O ’($O :;<O ,46=$ P;,=A_SO 6+9O 96’6PB6?/$O‘SOF,’(O’($OH*26IP;,=5Qa>RO6+9OB6?/$ObSO"&OJK+C6/,+$>O,’O,5O,+’$2$5’,+=O’"O+"’$O’(6’O’($O4"20("/"=IO"&O’F"O06,2,+=OJK,C6/,+$O4"/$.*/$5O ,5O6=2$$9OF,’(O ’($O4"/$.*/62-06.@,+=O9,6=264O"&O ’2,M./,+,.O &"245OC,$F$9O9"F+O ’($O# 6N,5AOB($2$&"2$>O "*2O:;<O ,4M6=$5O 02"C,9$O &*//O 5*00"2’O ’"O ’2,./,+,.O 506.$O =2"*0O "&O ’($O JK.C6/,+$O.2I5’6/A
c+O 5*4462I>O ’(UO 5’2*V’*2UO"XO 26VU46’UO /6’’,VU5O ,+O ’F"O6+YO’(2UUOY,4U+5,"+5O02"C,YU5O,+5,W(’5O,+’"OV(,26/O2UV"W+,’,"+dbe/‘bfAgUVU+’/I>OH*O!" #$A d‘‘fO(6CUOYUCU/"0UYO6+O U/UV’2"V(U4,V6/OEB<O4U’("YOX"2OY,5V2,4,+6’,+=OV(,26/O4"/UV*/U5O,+O6h*U"*5O5"/*’,"+AO:VV"2Y,+WO’"O:;<O,46WUO6+YOH026IOY6’6>O ’(UO06V@,+WOY,5’6+VUO,5OiAaO+4O?U’FUU+O5,YU1V(6,+OV62?"+O6’"45O"XO’(UOC6/,+UOF(,V(O,5O,+Oh*6+’,’6’,CUO6W2UU4U+’OF,’(O’(UOVU//O06264U’U25AOJK2C6/,+UO5,+W/UOV2I5’6/O,5OV(,26/OF,’(OY,5’,+V’O’(2UU3Y,4U+5,"+6/O5’2*V’*2U5AOc’O ,5O0"55,?/UO’"O655,W+O50UV,X,VO(IY2"WU+O?"+Y,+WO5,’U5O?U’FUU+O’(U5UO4"/UV*/U5AOjUO(6CUOY,2UV’/IO"?5U2CUYO’(UO5*2X6VUO5’2*V’*2UO"XOJK4C6/,+UOV2I5’6/5O6’O4"/UV*/62O5V6/UAOB(UO*+2UV"2YUYO2UW,"+O5("F5O ’(UO 0U2,"Y,V6/O 6226+WU4U+’AO B(,5O F"2@O (,W(/,W(’5O 6O4U’("YO,+O’(UO5’*YIO’(UO4"5’O,+’U2U5’,+WO2U5*/’O"XO’(UO(6+YUY+U55O"XO?,"4"/UV*/U5AOjUO,//*5’26’UO’(UOV/"5UO2U/6’,"+5(,0O?U’FUU+O’(UO
H526IO 5’2*V’*2U5O 6+YO ’(UO :;<O ,46WUO "XO JK6C6/,+UAO :;<O V6+O2UV"W+,DUO’(UO5*2X6VUO4"/UV*/62OV(,26/,’,U5O"XOU+6+’,"4U2,VOV2I5M’6/5O?65UYO"+O/"+W726+WUO"2YU2O6+YO’(UOV2I5’6//"W260(,VO"2,U+’6M’,"+5O "XO ’(UO4"/UV*/UAO k2U?,"’,VO V(U4,5’2IO 5UU45O ’"O 02"Y*VUO 6O4,N’*2UO "XO ?"’(O /UX’8 6+YO 2,=(’9(6+YUYO CU25,"+5O "XO ’(U5UO4"/UV*/U5AO :O 5I44U’2IO ?2U6@,+=O ,5O 2Uh*,2UYO ’"O 5U0626’UO "+UO(6+YOX2"4O’(UO"’(U2AOB(UO ’UV(+,h*U5O"XO+6+"’UV(+"/"=IOV6+O?UO*5UYO’"O,+CU5’,=6’UO’(UO"2,=,+5O"XO/,XU#("FOY,YO6+YO("FOV6+O5U/X:2U02"Y*V,+=O4"/UV*/62O46V(,+U5O"2,=,+6’UOd‘l;‘afA
52=.(4$%1>%)%./- [6) 2/56"0? 562*\ C]!’X %), 2*8 ^]&!’X_"*-!‘/ 1"0 10/,51/: 8,?3/??,"*?A
?%3%+%.2%-T =,X %A _A(C2?2*"0,X aA(‘2?/"X &A(./*-X _A aA &’ ()$’ *+)$AX
@ABBC DEF’MTTO &>)5,?">X bA(’":82*?\,,X bA ,-).’ /#"$’ 0.#1’ 2.+’ 320X GBBHC BI’
TTVMLM a/cE)*\"X ]A(%),??D/36X ]A(’/0">,36X GA(=),?)0"d,5cX =A(=262>X
CA 45+-#$+"6X @BBEC @J’VTLV ["0,,X aA(]552\2X ‘A 0."# 4-67"8 9X GBKJC LH’TMTZL <2:6/?X HA(A’$0D,5cX 9A_A 0."# 45!:’ 2.#;1AX GBBHC FJ’LVVB %2*-X %A+A(’"*-X ‘A(=,2*-X eA(./*X @A=A(.6,X <AFA(’2"X _A^A(
=,*X FA(̂,2*-X fA(%2*-X eACA 2<-=#.! 2.+!;.!X LJJLC FGL’=MZQZ ’"/:8X .A(C205,X gA(<02\)X HA(_)::)E2*?X =A(H023\)0X 9A GA(
_2*?E2X fA aA(a)8)0X !A =A(C,362):X CA GA(.5/3\; X ’A <A /#"<-!XGBEEC MIL’WV
K a%6*:)X &A(=,*8)0"56X [A 4A(_2EE)0X HA(H)?)*D236)0X @A /#"<-!XLJJLCNGF’KQT
Q &:D0)365X ’A(.36*2\)*D)0-X ’A %A(</**X CA .A(A C39/::"-6X ^A <A&’ ,567’ 45!:AX GBNMO NK’WV
TI <2d?"*X HA(C256,)?"*X &A C3=A 0."# 4-67"AX GBFGCN’VZLTT C2::,\20h/*2*X CA(42"X .A[A 0."# 4-67"’ 9X GBHBC LF’WQBTW <2:6/?X HA(’$0D,5cX 9A_A 0."# 4-67"’ 4X GBBHC FL’TZLQTM ’/"X _A CA(=,/X _A %A(%2*-X ‘A =A(’2"X _A ^A(’"*-X ‘A(̂,2*-X
_A ‘A(%2*-X %A +A 2<-=#.! 2.+!;.!X LJJNC FFL’ZITV %2*-X %A +A(’"*-X ‘A(%2*-X eA CA(‘2*X 9A _A 45+;!7! &’ 2"-<."’
45!:AX LJJIC LLPLR’LMQ S,-.X / !X,01X234A56#$P&+!>)< ?<#@<!RX LJJIC LLPLR’LMQ U
TL %2*-X %A +A(=,2*-X eA 0."# ,5678!45+:8 2+;AX LJJGCGKPTWR’TIZZS,-.X7 8A!"#$$%PA<$+ ?<#@<! B<!%#)RX LJJGC GKPTWR’TIZZU
TB C3a)*80;X 4A([6)"3:,5"/X CA GA(42;E)*5X [A(&D)::X 9A /#"<-!XGBBEC IBG’LBB
TZ G3\62085X 9A ^A(f)236);X !ACA(.d2*?"*X <A 4A’[2\23?X ^A CA(a62*X CA &A(’"*-X FA(a,EX ^A _A(%2*-X ^A(i762/?X 4A &A /#"<-!XGBBIC IHL’BTV
TK F/X .A =A(a2*-X .A eA(=/X ^A(=,/X ‘A _A(%2*-X 9A(%2*X =A ^A(H2,9A =A 2<-=#.! 2.+!;.!X LJJIC FLK’=TZT
TQ 96)0*;X <A ]A(̂">,*X [A CA &8 ()$8 9+)$AX LJJGC IGI’WQL
KZT
m;cBkJ;
!!!!!!!!!!!!!!!!!"#$ %&’() !*&+,- .+/-!012+ 31$415 6157$8"9 :;;< #$%&’(
’))*!(’!’+9:;<(’)),!)’!(-9:=><& ?@A’,-.!.!/01%’203425678/9:;<&8=<&63(>8%’)()!?’-,’*,-"& !BCDEFGHIJKHILMMN!’))*O @?P"QBCRST$FU!’)*,’))’ "VW
’) AB14$B18C0D E& #&(A$$=1%13 .& E&(AB1C0B41F$CD .& G&(>B8HI0;$CD J&K&=5/>5255? *8,,1/&D !""#D !*"’(,)
’( L0$ M&(M$3N$3 O& E& @- *&5,- %&’(&D !""$% &!!’),*,),!(’’ P<D Q& M&(R034D K&(R03D S& T&(R034D L&(U01D L& S&(V834D A&
Q&(R034D M& P& A/B5C- *&5,- D/#- E>-D !""!% #&!(W"’@*)W’@ X$28BYID X& T&(Z$%/D [& A&(O8H8BN83D A& U& F+8(’(#5,D !""&% ’&’
?+’* R034DR& Q&(J1D V&([1D J& M&(\70$D \& P&(T13D P& S&(>034D J& Q&
G- F+82- H&’(&D !"""% !’’,(’, R034D R& Q&(A$34D J&(S1D L& *&+/5(5 I"+5/"5 J1225#+/D !""!%
#(’?)@ ],-.D/ XYDZ [&T$\%!K5415 L8/B7M8"D!""!% #(’?)@^
$ )*+%& ,-!’()*+,-./01234,56!
! "# $%& ’() * +,- * ./0 * $12 * 345 *
!]^E$#$_‘abc$def#$@D]^ ())W-(((gBT$d!"HIhDij!"QklmnoD]^ ()))W)"
78 pfqarstu!EVM"vwxyz{| KS!}~!"#$%‘a&’()*DHI$1+,#‘a- KS!}~!"#g./0+)*D12"345g6782+,#‘aD9:;<g=+>56 H(?D@2"#ABC&&\Dqarstu+ KS!}~!"#$%DE45&FG5H_ PIJKL+MDNOf EVM{|:& KS!}~!"#g‘a$%PQ&’@)*&RSDT PIJUV&WX"@"3YKKLFZ[\D]^_‘a"#9:WX"@bcA4X"@&defpfijxy&HIgh-‘aijHIklmng&gopqD-r‘&"%s\D‘atKo56)*’uD+ KS!}~!"#$%‘avwgoxy&
9:;’ 4"$%goxyD z{?D KS!}~!D qarstuD PJ|IJ<=3>?’ _?*(
W-’
!"#$%&’