0YGEW8LI%VXSJ4YFPMG
7TIEOMRK8IRXL)HMXMSR
9WMRK0ERKYEKI 8I\X 8LI1G+VE[n,MPP
'SQTERMIW
,IVIMWTEVXSJEJEQSYWSVEXMSRKMZIRF].SLR,ERGSGOMRHYVMRKXLI
%QIVMGER6IZSPYXMSR7TIEOMRKSJXLI&VMXMWLWSPHMIVW[LSOMPPIHJMZI%QIVMGERW
MRXLI&SWXSR1EWWEGVI,ERGSGOI\GPEMQIH
=IHEVOHIWMKRMRKOREZIW]IQYVHIVIVWTEVVMGMHIW,S[HEVI]SYXVIEHYTSRXLI
IEVXL[LMGLLEWHVEROMRXLIFPSSHSJWPEYKLXIVIHMRRSGIRXWWLIHF]]SYV[MGOIHLERHW#
,S[HEVI]SYFVIEXLIXLEXEMV[LMGL[EJXIHXSXLIIEVSJLIEZIRXLIKVSERWSJXLSWI[LS
JIPPEWEGVMJMGIXS]SYVEGGYVWIHEQFMXMSR#8IPPQI]IFPSSH]FYXGLIVW]IZMPPEMRWLMKL
ERHPS[]I[VIXGLIWHS]SYRSXJIIPXLIKSEHWERHWXMRKWSJGSRWGMSYWKYMPXTMIVGI
XLVSYKL]SYVWEZEKIFSWSQW#
8LMWMWGIVXEMRP]ZMZMHPERKYEKIhERH,ERGSGOtWEYHMIRGIPSZIHMX&YXGER
]SYMQEKMRIWTIEOMRKXLIWEQI[E]XSHE]#-REHHMXMSRXSFIMRKEGGYVEXIGPIEV
ERHZMZMHPERKYEKIWLSYPHFIETTVSTVMEXIhXSXLISGGEWMSRXSXLIEYHMIRGI
XSXLIXSTMGERHXSXLIWTIEOIV
%446346-%8)2)77838,)3''%7-32
0ERKYEKIXLEXMWETTVSTVMEXIJSVWSQISGGEWMSRWQE]RSXFIETTVSTVMEXIJSV
SXLIVWq8LIVIMWEXMQIJSVHMEPIGXETPEGIJSVWPERKERSGGEWMSRJSVPMXIVEV]
JSVQ;LEXMWGSVVIGXSRXLIWTSVXWTEKIMWSYXSJTPEGISRXLISTIHTEKI
[LEXMW[MXLMXSRXLIWXVIIXQE][IPPFI[MXLSYXMXMRXLIGPEWWVSSQr%WE
WMQTPII\EQTPIEGSEGLQMKLXEHHVIWWXLIJSSXFEPPXIEQEWq]SYKY]WrSV
[SVWI
[LIVIEWXLIWTIEOIVMREQSVIJSVQEPWMXYEXMSR[SYPHFIKMR[MXL
qHMWXMRKYMWLIHKYIWXWr8V]VIZIVWMRKXLIWIX[SWMXYEXMSRWERHWIILS[VMHMGY
PSYWMXFIGSQIW-XtWSRP]GSQQSRWIRWIXSEHNYWX]SYVPERKYEKIXSHMJJIVIRX
SGGEWMSRW
9WMRK0ERKYEKI%TTVSTVMEXIP]
=SYQE]FIXLMROMRKXLEXMQEKIV]ERHVL]XLQEVIXSSJERG]JSVSVHMREV]
WTIIGLIWPMOI]SYVW8LMWMWRSXXVYI8EOIEPSSOEXXLIJSPPS[MRKI\GIVTXJVSQ
SRIWXYHIRXtWWTIIGLEFSYXXLI1EWWEGLYWIXXWXLXLIVIKMQIRXSJ%JVMGER
%QIVMGERWSPHMIVWHYVMRKXLI'MZMP;EVJIEXYVIHMRXLIQSZMI+PSV]
8SNSMREREVQ]XLEXHMHRtXFIPMIZIMR]SY8SJMKLX[MXLEREVQ][LSHMHRtXPMOI]SY
8SHMIJSVEREVQ]XLEXHMHRtXVIWTIGX]SY8LMW[EWXLI1EWWEGLYWIXXWXL8SHE]XLI]
PE][LIVIXLI]HMIHSRXLIFIEGLIWSJ7SYXL'EVSPMRE'SPSRIP7LE[ERHLMWQIR[IVI
TMPIHXSKIXLIVMREQEWWKVEZI[LMGLLEWWMRGIFIIRGSZIVIHF]XLIWLMJXMRKXMHIWSJXLI
%XPERXMG%WQEPPWXEXYIWXERHWMR&SWXSRhEVIQMRHIVSJXLIMVWEGVMJMGI
&VEZIV]TEXVMSXMWQERHWEGVMJMGI8LIWIEVIUYEPMXMIWSJXLI1EWWEGLYWIXXWXL;MXL
XLILIPTSJXLIMVIJJSVXWEPSRK[MXLEPPXLISXLIVFPEGOVIKMQIRXWXLEXJSPPS[IHXLIQ
WPEZIV]HMHIZIRXYEPP]GSQIXSERIRH
8LMWMWZMZMHQSZMRKPERKYEKI8LIMQEKIV]MWWLEVTERHTSMKRERXXLIVL]XLQ
WXVSRKERHMRWMWXIRX8LMROSJLS[]SYGERHSWMQMPEVXLMRKWMR]SYVS[R
WTIIGLIW
GSRRIGXPYGEWGSQ
:MI[XLMWI\GIVTXJVSQq8LI
1EWWEGLYWIXXWXLrMRXLI
SRPMRI1IHME0MFVEV]JSVXLMW
GLETXIV:MHIS'PMT
9WMRK0ERKYEKI%TTVSTVMEXIP]