22fev7714 - funaifunai brand new product logo (revised edition>' 1,apr.,2010 22fev7714 (ref....
TRANSCRIPT
FUNAI BRAND NEW PRODUCT LOGO (revised edition 1,APR.,2010
22FEV7714(REF. NO.: 10090777)
ENGLISH
!"#$%&'!!!"!#!"
()*+,-./"*012),%0"
30.04+1),+.-051.36.%".+7,1+2+.)28%+",.90":%,%0"&.2)-.9)5&+.,'+.:)2)#+.0*.,'+.:+;%9+<
=>?3/@AB/(C.@D.!E!=3B/=.(F@=C
[email protected]@3.@H!A
=>?3/@AI.$%!&'()*'!$+'!&,-.!%/!'0'*$&,*!-+%*.!(%!
1%$!&'2%3'!*%3'&!4%&!56*.78!
1%!)-'&"-'&3,*'650'!96&$-!,1-,('8!&'/'&!
-'&3,*,1:!$%!;)60,/,'(!-'&3,*'!9'&-%11'08
!"#$%&%!"##"$%&'(%")%*+,(()% -)*&,.+&-")*%/",%"0(,1&-)2%&'(%,(#1&(3%/(1&.,(*4
!,<!=>?@?!AB!CAD>=EAED!F@!B=F@GBH!F@!A<!=>?!$3!AB!EF=!
DFAED!=F!I?!JB?K!<F@!L!M>AC?!4?8D8!A<!DFAED!LMLN!
FE! >FCAKLN7H! KABOFEE?O=! =>?! $3! B?=! <@FG! =>?!
GLAEB8!$>?!GLAEB!PCJD!AB!JB?K!=F!KABOFEE?O=!$3!
B?=!<@FG!=>?!GLAEB!LEK!=>?@?<F@?!A=!GJB=!@?GLAE!
@?LKACN!FP?@LIC?8
$>?! ?QOCLGL=AFE! PFAE=! MA=>AE! LE! ?RJACL=?@LC!
=@ALEDC?! AB! AE=?EK?K! =F! LC?@=! =>?! JB?@! =F!
=>?! P@?B?EO?! F<! AGPF@=LE=! FP?@L=AED! LEK!
GLAE=?ELEO?! 4B?@SAOAED7! AEB=@JO=AFEB! AE! =>?!
CA=?@L=J@?!LOOFGPLENAED!=>?!LPPCALEO?8
. /JH@B3>A3. K.H$+)&+. 1+):. ,'+&+.%"&,159,%0"&.*5$$-.8+*01+.%"&,)$$%"#.01.04+1),%"#
!L>BA/AMI. A+;+1. $+,. 4+04$+. N%"9$5:%"#.9'%$:1+"O. P%,'. 1+:59+:. 4'-&%9)$Q. &+"&01-. 01.
=0",+",& 2+",)$.9)4)8%$%,%+&.01.$)9R.0*.+74+1%+"9+.)":.S.01.R"0P$+:#+.5&+.+$+9,1%9)$.:+;%9+&.5"&54+1;%&+:<
/F@!S?E=ACL=AFE!PJ@PFB?BH! C?LS?!L!<@??!BPLO?!F<!L=!
C?LB=!#T!OG!LCC!L@FJEK!=>?!B?=8!
G0."0,.ICFOU!S?E=ACL=AFE!>FC?B8!
G0."0,!PCLO?!=>?!$3!FE!BCFPAED!F@!JEB=LIC?!BJ@<LO?BH!
=>?!$3!GLN!=AP!FS?@8
)B?!=>AB!K?SAO?!AE!GFK?@L=?!OCAGL=?B8
$>?!PFM?@!OF@K!PCJD!B>FJCK!I?!?LBACN!LOO?BBAIC?8!G0."0,.PCLO?!=>?!$3H!<J@EA=J@?H!?=O8!FE!=>?!PFM?@!OF@K8!
NFJ!LE!?C?O=@AO!B>FOU8!+LEKC?!=>?!PFM?@!OF@K!IN!=>?!
PCJDH!:0."0,!JEPCJD!=>?!$3!IN!PJCCAED!=>?!PFM?@!OF@K8!
1?S?@! =FJO>! =>?! PFM?@! OF@KVPCJD! MA=>! M?=! >LEKB!
LB!=>AB!OFJCK!OLJB?!L!B>F@=!OA@OJA=!F@!?C?O=@AO!B>FOU8!
1?S?@!GLU?!L!UEF=!AE!=>?!PFM?@!OF@K!F@!=A?!A=!MA=>!!
F=>?@!OF@KB8!W>?E!KLGLD?K! A=!GJB=!I?!@?PCLO?KH!
G0."0,!JB?!=>AB!$3!AE!L!>JGAK!F@!KLGP!PCLO?8!(F!
EF=!?QPFB?!=>?!$3!=F!CARJAKB8!,<!LEN!CARJAK!<LCCB!AE=F!
=>?!OLIAE?=!JEPCJD!=>?!$3!LEK!>LS?!A=!O>?OU?K!IN!
G0."0,!?QPFB?!=>?!$3!=F!KA@?O=!BJECAD>=!F@!F=>?@!>?L=!
BFJ@O?B8
$>?!$3!B>FJCK!EF=!I?!PCLO?K!E?L@!=F!FP?E!
LE!?C?O=@AO!>?L=?@8!
'QO?BBAS?! BFJEK! P@?BBJ@?! <@FG! ?L@P>FE?B! LEK!
>?LKP>FE?B!OLE!OLJB?!>?L@AED!CFBB8!
LB!CA=!OLEKC?BH!L@?!PCLO?K!FE!=FP!F<!=>?!$38
$F!P@?S?E=!AEXJ@NH!=>AB!$3!GJB=!I?!B?OJ@?CN!
L==LO>?K! =F! =>?! MLCC! AE! LOOF@KLEO?! MA=>! =>?!
AEB=LCCL=AFE!AEB=@JO=AFEB!4A<!=>?!FP=AFE!AB!LSLACLIC?78
%OOLBAFELCCNH!L!<?M!EFE"LO=AS?!PAQ?CB!GLN!LPP?L@!
9C?LB?!EF=?!=>L=!=>AB!KF?B!EF=!L<<?O=!=>?!P?@<F@GLEO?!
F<!NFJ@!P@FKJO=8!$LU?!OL@?!EF=!=F!BO@L=O>!=>?!BO@??E!
5?<F@?!OC?LEAEDH!JEPCJD!=>?!$3!<@FG!=>?!MLCC!BFOU?=8!
%ECN!JB?!L!BF<=H!K@N!OCF=>!M>AC?!OC?LEAED8
!WL@EAED-?@AFJB!AEXJ@N!F@!K?L=>!@ABU
.&ABU!F<!?C?O=@AO!B>FOU(LED?@FJB!SFC=LD?!@ABU
.*LJ=AFE,EXJ@N!F@!P@FP?@=N!KLGLD?!@ABU
!,GPF@=LE=*F@@?O=CN!=>?!BNB=?G!FP?@L=?!
.1F=AO?6KKA=AFELC!EF=?B!GL@U?K
-L<?=N!,E<F@GL=AFE!88888888888888888888888888888888888888888888888888#
:?==AED!-=L@=?K!8888888888888888888888888888888888888888888888888888888Y
!888888888888888888Y
/?L=J@?B!88888888888888888888888888888888888888888888888888888888888888888Y
*FEE?O=!9FM?@!!888888888888888888888888888888888888888888888888888888Z
&?GF=?!*FE=@FC!!88888888888888888888888888888888888888888888888888888[
*FEE?O=AFEB888888888888888888888888888888888888888888888888888888888888\
2?KAL!5@FMB?@!2?EJ8888888888888888888888888888888888888888888888]
$3!2?EJ!/?L=J@?B!LEK!/JEO=AFEB!88888888888888888888888888^
:?E?@LC!$3!%P?@L=AFE!888888888888888888888888888888888888888888#T
-F<=ML@?!)PD@LK?8888888888888888888888888888888888888888888888888 ##
9*!,EPJ=!$NPAOLC!(ABPCLN!2FK?B!!88888888888888888888888888#Y
(3(!2FK?!888888888888888888888888888888888888888888888888888888888888#Z
(3(!*FE=@FC!9LE?C!5J==FEB!8888888888888888888888888888888888#[
(3(!*FE=@FCB88888888888888888888888888888888888888888888888888888888#\
:?E?@LC!9CLNILOU!8888888888888888888888888888888888888888888888888#_
(3(!$@FJIC?B>FF=AED!8888888888888888888888888888888888888888888#_
(ABO!$NP?B!*FGPL=AIC?!MA=>!$>AB!)EA=!888888888888888888#]
!8888888888888888888888888888888888888888888888888888888#]
22FEV7714 1
!"##$%&'(#)*#"+
!"#$%&'!!!"!Y!"
!";%10"2+",)$./"*012),%0"$>AB!=?C?SABAFE!AB!K?BADE?K!=F!OFEBJG?!C?BB!?E?@DN!
=F! >?CP! BLS?! =>?! ?ESA@FEG?E=8! $F! @?KJO?! ?E?@DN!
OFEBJGP=AFEH!NFJ!B>FJCK!=LU?!=>?!<FCCFMAED!B=?PB`
,<!NFJ!B?=!=>?!9FM?@!-LS?!2FK?!LB!!90H!=>?!$3!MACC!
BMA=O>!=F!?E?@DN"BLSAED!GFK?8!$>?!9FM?@!-LS?!2FK?!
B?==AEDB!OLE!I?!<FJEK!,E!=>?!a9AO=J@?b!B?O=AFE!F<!=>?!
2LAE!2?EJ8!1F=?!=>L=!BFG?!PAO=J@?!B?==AEDB!MACC!I?!
JELSLACLIC?!=F!I?!O>LED?K8
,<!H%9,51+.@**! AB! B?C?O=?KH! c-O@??E! MACC! I?! F<<! AE!
Z! B?OFEKB8d! G?BBLD?! MACC! I?! KABPCLN?K8! -?C?O=!
HB@=!!G! LEK!P@?BB!@C! =F! OFE=AEJ?8!$>?!BO@??E!
MACC!I?!F<<!AGG?KAL=?CN8
W>?E! =>?! $3! AB! EF=! AE! JB?H! PC?LB?! BMA=O>! F<<! F@!
KABOFEE?O=!=>?!$3!<@FG!=>?!GLAEB!PCJD8!$>AB!MACC!LCBF!
@?KJO?!?E?@DN!OFEBJGP=AFE8
T<. ,<!=>?!$3!KF?B!EF=!@?O?AS?!LEN!AEPJ=!BADELC!4?8D8!!
<@FG!LE!L?@ALC!F@!+(2,!BFJ@O?7!<F@!\!GAEJ=?BH!=>?!
$3!MACC!DF!AE=F!B=LEKIN8!W>?E!NFJ!E?Q=!BMA=O>"
FEH! =>?! <FCCFMAED! G?BBLD?! MACC! I?! KABPCLN?K`!
U(,)":8-. =)5&+. A0. (%#")$V.9@?BB!@C! =F!
OFE=AEJ?8
W<. ,<!=>?!$3!>LB!I??E!C?<=!FE!LEK!EF=!I??E!FP?@L=?K!
<F@! L! M>AC?H! =>?!$3! MACC! DF! AE=F! B=LEKIN8! W>?E!
NFJ! E?Q=! BMA=O>"FEH! =>?! <FCCFMAED! G?BBLD?! MACC!
I?!KABPCLN?K8!U(,)":8-.=)5&+.A0.@4+1),%0"V.9@?BB!@C!=F!OFE=AEJ?8
D+),51+&&?GF=?!OFE=@FCC?K!OFCFJ@!$38
/JCCN! AE=?D@L=?K! KADA=LCVOLIC?VBL=?CCA=?! $3! 4(35"
$V*V-"-Y7
+(2,!AEPJ=B!L@?!<F@!OFEE?O=AED!L!K?SAO?!=>L=!>LB!
L!+(2,!BFOU?=8
)-5!AEPJ=8
%-(!G?EJ!BNB=?G8
-OL@=! BFOU?=! <F@! ?Q=?@ELC! K?SAO?B! 4BJO>! LB! (3(!
9CLN?@BH!!93&H!SAK?F!DLG?BH!?=O87
-=?@?F!BFJEK!BNB=?G8
$?C?=?Q=8
+?LKP>FE?!OFEE?O=AFE8
6J=FGL=AO!P@FD@LGGAED!BNB=?G8
2LEJLC!=JEAED8
6J=FGL=AO!PFM?@!KFME!L<=?@!JP!=F!BAQ!>FJ@B8
-C??P!=AG?@8
*>ACK!CFOU8
6J=FGL=AO!BFJEK!GJ=?!M>?E!EF!=@LEBGABBAFE8
1$-*!PCLNILOU8
630!46J=FGL=AO!3FCJG?!0AGA=AED78
900!4/@?RJ?EON!-?L@O>78
9*!AEPJ=8
WAEKFMB!]8
:LG?!2FK?!4%P=AFELC78
>99+&&01%+&./"9$5:+:&?GF=?!*FE=@FC
5L==?@A?B`!Y!Q!666
,EB=@JO=AFE!5FFU
(*!#Y!3!,EPJ=e!PFM?@!LKLP=F@!
V+
V+
V-
V-
*L@!9CJD
'(%)P!KA@?O=AFE
)(!(FME!KA@?O=AFE
*(!9@FD@LGG?V3FCJG?! V!63! V!-=LEKIN"%E!B?C?O=AFE!
BMA=O>
$>?!*FE=@FC!IJ==FE!LCCFMB!NFJ!=F!OFE=@FC!=>?!3FCJG?V!
9@FD@LGG?V! -FJ@O?! LEK! -=LEKIN"%E! <JEO=AFEB! F<!
=>?!$38
$F!O>LED?!SFCJG?`!,EO@?LB?!=>?!SFCJG?!IN!PJB>AED!
=>?!IJ==FE!JP8!!(?O@?LB?!=>?!SFCJG?!IN!PJB>AED!=>?!
IJ==FE!KFME8
$F!O>LED?!O>LEE?C`!9@?BB!=>?!GAKKC?!F<!=>?!IJ==FEH!
=>?!O>LEE?C!AE<F@GL=AFE!ILEE?@!!MACC!LPP?L@!FE!BO@??E8!
-O@FCC! =>@FJD>! =>?! B=F@?K! O>LEE?CB! IN! PJB>AED! =>?!
IJ==FE!JP!F@!KFME
$F! O>LED?! BFJ@O?`! 9@?BB! =>?! GAKKC?! F<! =>?! IJ==FE!
=MAO?H! =>?!BFJ@O?! CAB=!MACC!LPP?L@!FE!BO@??E8! !-O@FCC!
=>@FJD>!=>?!LSLACLIC?!BFJ@O?B!IN!PJB>AED!=>?!IJ==FE!
JP!F@!KFME8
M+,,%"#.(,)1,+:
2 22FEV7714
!"#$%&'!!!"!Z!"
$F!=J@E!=>?!$3!F<<`!9@?BB!=>?!GAKKC?!F<!=>?!IJ==FE!KFME!
LEK!>FCK!A=!KFME!<F@!L!<?M!B?OFEKBH!=>?!$3!MACC!=J@E!
AE=F!B=LEKIN!GFK?8
/"&+1,%"#.,'+.X),,+1%+&.%",0.,'+.B+20,+0A<=!=>?!OFS?@!FE!=>?!ILOU!F<!=>?!@?GF=?!JPML@K!D?E=CN8!
,EB=LCC!=MF!>>>!IL==?@A?B8!2LU?!BJ@?!=F!GL=O>!=>?!f!
LEK!"!?EKB!F<!=>?!IL==?@A?B!AE!=>?!IL==?@N!OFGPL@=G?E=!
4FIB?@S?!=>?!OF@@?O=!PFCL@A=N7!&?PCLO?!=>?!OFS?@8
=0""+9,.H0P+1./JH@B3>A3`!$>?!$3!B?=!AB!K?BADE?K!=F!FP?@L=?!FE!
TTYKWZY6.>=Q.[YS\Y.F]!BFOU?=8!6<=?@!JEPLOUAEDH!LCCFM!
=>?!$3!B?=! =F! @?LO>! =>?!LGIA?E=! @FFG!=?GP?@L=J@?!
I?<F@?! NFJ! OFEE?O=! =>?! B?=! =F! =>?! GLAEB8! 9CJD! =>?!
PFM?@!OLIC?!=F!=>?!GLAEB!BFOU?=!FJ=C?=8
>",+"").=0""+9,%0"*FEE?O=! =>?!L?@ALC!F@!OLIC?!$3!PCJD!=F!=>?!6'&,60!
,19)$!461$7!BFOU?=!F@!BL=?CCA=?!PCJD!=F!-6$'00,$'!
,19)$!40157!BFOU?=!CFOL=?K!FE!=>?!ILOU!F<!=>?!$38
3B>G!J>BC.>=CA@LE!GMJ!A32LEJ<LO=J@?K!JEK?@!CAO?EB?!<@FG!(FCIN!0LIF@L=F@A?B8!
(FCIN!LEK! =>?!KFJIC?"(! BNGIFC! L@?! =@LK?GL@UB!F<!
(FCIN!0LIF@L=F@A?B8
$>?! =?@GB! +(2,! LEK! +AD>"(?<AEA=AFE! 2JC=AG?KAL!
,E=?@<LO?H! LEK! =>?! +(2,! 0FDF! L@?! =@LK?GL@UB! F@!
@?DAB=?@?K!=@LK?GL@UB!F<!+(2,!0AO?EBAED!00*!AE!=>?!
)EA=?K!-=L=?B!LEK!F=>?@!OFJE=@A?B8
(?L@!*JB=FG?@H
5N! OFEE?O=AED! LE! +(2,! OLIC?! =F! NFJ@! /JELA! 0*(!
<@?RJ?EON!@LKAL=AFE8
CFDF!FE!=>?!OLIC?!F@!=>?!OLIC?!PLOULD?8
/"*012),%0". *01. ?&+1&. 0". G%&40&)$. 0*. @$:.!^5%42+",.)":.X),,+1%+&_!5104+)".?"%0".0"$-`$>?B?! BNGIFCB! AEKAOL=?! =>L=! ?RJAPG?E=! MA=>! =>?B?!
BNGIFCB! B>FJCK! EF=! I?! KABPFB?K! F<! LB! D?E?@LC!
>FJB?>FCK!MLB=?8!,<!NFJ!MLE=!=F!KABPFB?!F<!=>?!P@FKJO=!
F@!IL==?@NH!PC?LB?!OFEBAK?@!=>?!OFCC?O=AFE!BNB=?GB!F@!
<LOACA=A?B!<F@!LPP@FP@AL=?!@?ONOCAED8
!"#+,$5%%6'(%*-2)%78%8(#"$%&'(%*9:8"#%/",%81&&(,-(*%-)3-+1&(*&'1&%&'-*%81&&(,9%+")&1-)*%#(134
H10:59,&
X),,+1-
36.X10):9)&,%"# 960!5V:!(V.
B+9+%;%"#.=')""+$& 3+/!4561(!,V,,,7!"!)+/!
4561(!)7!"!+g9'&561(
A528+1.0*.H1+&+,.=')""+$& #T!TTT
=')""+$./":%9),01 %E!-O@??E!(ABPCLN
BD.>+1%)$./"45, ]\!%>G!4JEILCLEO?K7
EAX./"45, ]\!%>G!4JEILCLEO?K7
@4+1),%"#.60$,)#+ ##T"Y[T3!6*H!\TV_T+h8
>5:%0 :?@GLEf1AOLG!-=?@?F
>5:%0.@5,45,.H0P+1.NLBJ(<O.NTYa.3FGO Y!Q!YH\
H0P+1.=0"&524,%0".NJ)7O [\W
L+%#', \HT\!UD
36.G%2+"&%0"&.G7E7F.NP%,'.*00,O #Z\!Q!\ZT!Q!Z]_!GG
36.G%2+"&%0"&.G7E7F.NP%,'05,.*00,O \\!Q!\ZT!Q!Z[T!GG
@4+1),%0".,+24+1),51+.)":.04+1),%0".'52%:%,-I.
Ti*!JP!=F![Ti*H!^\j!
>JGAKA=N!GLQ
22FEV7714 3
!"##$%&'(#)*#"+
!"#$%&'!!!"![!"
3+$+,+7,9@?BB!k d!IJ==FE!=F!?E=?@8!9@?BB!LDLAE!=F!LO=ASL=?!GAQ!
GFK?8!9@?BB!FEO?!GF@?! =F!?QA=8!/FCCFM!=>?! AEB=@JO=AFEB!
KABPCLN?K!FE!KADA=LC!=?C?=?Q=!BO@??E8
G%#%,)$.3+$+,+7,9@?BB!k d!IJ==FE!=F!SA?M!KADA=LC!=?C?=?Q=!AE<F@GL=AFE8!
%P?@L=?! A=! MA=>! =>?! OFCFJ@?K! IJ==FEBH! OJ@BF@! IJ==FEB!
LEK! =>?!@C! IJ==FE8!$>?! FP?@L=AFE! G?=>FK! GLN! KA<<?@!
K?P?EKAED!FE!=>?!OFE=?E=B!F<!=>?!KADA=LC!=?C?=?Q=8!/FCCFM!
=>?!AEB=@JO=AFEB!KABPCLN?K!FE!=>?!KADA=LC!=?C?=?Q=!BO@??E8!
W>?E!=>?!k d!IJ==FE!AB!P@?BB?K!LDLAEH!=>?!$3!@?=J@EB!
=F!=?C?SABAFE!I@FLKOLB=8
B+20,+.=0",10$.
T<. -=LEKIN
W<. 9CLN!
b<. 1F!<JEO=AFE
Z<. *J@@?E=!CLEDJLD?!B?C?O=
[<. &LPAK!@?S?@B?
\<. *FCF@?K!IJ==FEB
c<. 1JG?@AO!IJ==FEB
d<. *>LEE?C!CAB=
e<. 1LSADL=AFE!IJ==FEB
TY<.%.!V-?C?O=
TT<.2?EJ!FE!V!F<<
TW<.Tb<.1F!<JEO=AFEl
TZ<.2?KAL!I@FMB?@ll
T[<.'C?O=@FEAO!9@FD@LGG?!:JAK?
T\<.$?C?=?Q=
Tc<.3FCJG?!JP!V!KFME
Td<.2J=?!IJ==FE
Te<.9@FD@LGG?!JP!V!KFME
WY<.-O@??E!GFK
WT<.WW<.2N!IJ==FE!#!
Wb<.2N!IJ==FE!Y
WZ<.'QA=!
W[<.;8!2?EJ
W\<.*>LEE?C!BMLP
Wc<.&LPAK!LKSLEO?
Wd<.-JI=A=C?!FE!V!F<<
We<.-=FP
bY<.9LJB?
bT<.63!V!-FJ@O?
?&%"#.J-.85,,0".T.NffO
K?BA@?K!BFJ@O?H!O>LEE?C!F@!CAEUH!JE=AC!=>?!!c2g!5)$$%1!
,-!-'$d!G?BBLD?! AB!KABPCLN?K!FE! =>?!BO@??E8!$>AB!
OFE<A@GB! =>L=! =>?! B?C?O=?K! 2g! 5)$$%1! AB! EFM!
LBBFOAL=?K!MA=>!=>?!B?C?O=?K!<JEO=AFE8
?&%"#.J-.X5,,0".W.NfffO$>AB!IJ==FEbB!GLAE!<JEO=AFE!AB!=F!BMA=O>!I?=M??E!(35"$H!
(35"*!LEK!(35"-!I@FLKOLB=B8!+FM?S?@H!A<!NFJ!P@?BB!
=F!A=!LB!K?BO@AI?K!AE!2N!5J==FE!#8!1F=?!=>L=!A<!NFJ!P?@<F@G!
K?<LJC=!<JEO=AFEH!BMA=O>AED!I?=M??E!(35"$H!(35"*!LEK!
(35"-!I@FLKOLB=B8
4 22FEV7714
!"##$%&'(#)*#"+
!"#$%&'!!!"!\!"
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
=0""+9,%0"&
=0""+9,01 3-4+ =)8$+& G+;%9+
(9)1,=0""+9,%0"
N8)9RO
6M>=0""+9,%0"
N8)9RO
(/G!.>6. H=SgH8H1.>5:%0
=0""+9,%0"N&%:+O
-AK?!6JKAF!
g9I9@!F@!9*!*FEE?O=AFE!*LIC?!!
41F=!BJPPCA?K7 !!
FGJ/=0""+9,%0"
N8)9RO
(HG/DD=0""+9,%0"
N8)9RO
(/G!.>6(%:+.>6
N>5:%0S6%:+0O=0""+9,%0"
N&%:+O 41F=!BJPPCA?K7
F!>GHF@A! F+):4'0"+=0""+9,%0"
N&%:+O
gH8H1.6%:+0=0""+9,%0"
N8)9RO 9*!=F!g9I9@!*FEE?O=AFE!*LIC?!41F=!BJPPCA?K7
?(X=0""+9,%0"
N&%:+O
=/=0""+9,%0"
N&%:+O
..............................G=.TW.6./"45,...................................
V+
V+
V-
V-
22FEV7714 5
!"##$%&'(#)*#"+
!"#$%&'!!!"!_!"
(P%,9'%"#.@"S@**30.(P%,9'.,'+.36.@"*FEE?O=!=>?!PFM?@!OF@K!=F!=>?!##T"Y[T3!6*H!\TV_T!
+h8
$F!BMA=O>!FE!=>?!$3!<@FG!B=LEKIN!GFK?!?A=>?@`
9@?BB!=>?!c d!IJ==FEH!Hh!V!HK!F@!L!EJG?@AO!IJ==FE!FE!
=>?!@?GF=?!OFE=@FC8
9@?BB!=>?!BAK?!<JEO=AFE!BMA=O>!JE=AC!=>?!$3!OFG?B!FE!
<@FG!B=LEKIN8
30.(P%,9'.,'+.36.@**9@?BB!=>?!c c!IJ==FE!FE!=>?!@?GF=?!OFE=@FC!F@!P@?BB!
=>?! BAK?! <JEO=AFE! BMA=O>! JE=AC! =>?!$3! BMA=O>?B! AE=F!
B=LEKIN!GFK?8
30.40P+1.:0P". ,'+.36. 9024$+,+$-Q. 5"4$5#. ,'+.40P+1.901:.*102.,'+.2)%"&.&09R+,<!"#$5%K'()%&'(%6>%-*%*$-&+'(3%&"%*&1)389%:"3(D%&'(%*&1)389%VGF% +1)% 8#-)P% &"% -)3-+1&(% &'1&% /(1&.,(*% *.+'% 1*%;&1)389%;(1,+'D%H<(,%@-,%F"$)#"13%",%6-:(,%-*%1+&-<(4%6'(%VGF%+1)%1#*"%8#-)P%$'()%9".%*$-&+'%")%&'(%6>%/,":%*&1)389%:"3(4
D%1&,.3%2+./"&,)$$),%0"W>?E! =J@E?K! FE! <F@! =>?! <A@B=! =AG?H! =>?! CLEDJLD?!
B?C?O=AFE! BO@??E! AB! KABPCLN?K8! -?C?O=! =>?! K?BA@?K!
CLEDJLD?!LEK!P@?BB!%.8
$>?! /A@B=! $AG?! ,EB=LCCL=AFE! 4/$,7! BO@??E! MACC! I?!
KABPCLN?K! E?Q=8! -?=! NFJ@! P@?<?@?EO?B! JBAED! =>?!
OFE=AEJ?8
gFJ!OLE!LO=ASL=?!(,01+.20:+!FP=AFE!=F!I?!LSLACLIC?!
AE!c%=>?@!B?==AEDBd!G?EJ!LEK!NFJ@!$3bB!<?L=J@?B!MACC!
BO@??E!MACC!I?!KABPCLN?K8!-?C?O=!g!(!=F!P@FO??K8
,<! +FG?! 2FK?! AB! B?C?O=?KH! -=F@?! GFK?! MACC! EF=! I?!
LSLACLIC?!L<=?@!=>?!/A@B=!$AG?!,EB=LCCL=AFE8!9@?BB!@C!
IJ==FE!=F!OFE=AEJ?8
F$G4?D#%8H!%,"5$%,42%,1423$%5$>$25+23%"2%#1$%C$D$,#$5%,"?2#:A(E/%9".%1,(%1*P(3%&"%()&(,%1%7EI%+"3(%/",%<-($-)2%1%:().%"0&-")D%.*(%")(%"/%&'(%/"##"$-)2%+"3(*5%IJ)KD%LLLL%",%')*I4>+1%)$./"&,)$$),%0",<!NFJ!B?C?O=!>!B/>E!FP=AFE!<@FG!=>?!(+)19'.3-4+.BO@??EH!=>?!=?C?SABAFE!MACC!B?L@O>!<F@!KADA=LC!=?@@?B=@ALC!
$3!I@FLKOLB=B8
!-./5%=".%+1)%0,(**%M/!N%8.&&")%&"%+1)+(#4
6<=?@!LCC!=>?!LSLACLIC?!B=L=AFEB!L@?!B=F@?KH!=>?!*>LEE?C!
0AB=!MACC!I?!KABPCLN?K!FE!=>?!BO@??E8!,<!NFJ!CAU?!>FM!=>?!
O>LEE?CB!L@?!BF@=?K!LOOF@KAED!=F!=>?!0*1!4l7H!PC?LB?!
B?C?O=!cg?Bd!LEK!=>LE!P@?BB!@C8
9@?BB!J!A?!IJ==FE!=F!RJA=!O>LEE?C!CAB=!LEK!ML=O>!$38
4l7!0*1!AB!=>?!0FDAOLC!*>LEE?C!1JGI?@!BNB=?G!=>L=!
F@DLEAh?B!LSLACLIC?!I@FLKOLB=B!AE!LOOF@KLEO?!MA=>!L!
@?OFDEAhLIC?!O>LEE?C!B?RJ?EO?!4A<!LSLACLIC?78
=)8$+./"&,)$$),%0",<!NFJ!B?C?O=!=>XE!!FP=AFE!LEK!P@?BB!@C!IJ==FE!FE!
=>?!@?GF=?!OFE=@FC8!$F!OFE=AEJ?H!PC?LB?!B?C?O=!g!(!
LEK!P@?BB!@C8!$F!OLEO?C!FP?@L=AFEH!B?C?O=!1%!LEK!
P@?BB!@C8!gFJ! OLE! B?C?O=! <@?RJ?EON! @LED?B! <@FG!
=>AB!BO@??E8!
'E=?@! =>?! <@?RJ?EON! @LED?! GLEJLCCN! IN! JBAED! =>?!
EJG?@AO!IJ==FE8!
!"#$5% ;(1,+'-)2% 3.,1&-")%$-##% +'1)2(% 3(0()3-)2% ")% &'(%*(#(+&(3%*(1,+'%*&(04
(),+$$%,+./"&,)$$),%0",<!NFJ!B?C?O=!(),+$$%,+!FP=AFE!<@FG!=>?!(+)19'.3-4+!
BO@??EH!NFJ!OLE!B?=!L!BL=?CCA=?!LEK!ML=O>!=>?!BL=?CCA=?!
O>LEE?CB8! W>?E! NFJ! B?C?O=! -L=?CCA=?! AEB=LCCL=AFEH!
>",+"").3-4+!G?EJ!MACC!I?!KABPCLN?K8
$>?@?!L@?!=>@??!=NP?B!F<!LE=?EEL!B?C?O=AFE8!gFJ!OLE!
B?C?O=!>",+"").,-4+!LB!G%1+9,H!?"%9)8$+!F@!G%(!^=!
BMA=O>!IN!JBAED!c d!F@!c d!IJ==FEB8
G%1+9,I. ,<! NFJ! >LS?! L! BAEDC?! @?O?AS?@! LEK! L! KA@?O=!
BL=?CCA=?!KAB>H!B?C?O=!=>AB!LE=?EEL!=NP?8!6<=?@!B?C?O=AED!
G%1+9,H!LEF=>?@!G?EJ!BO@??E!MACC!I?!KABPCLN?K8!-?C?O=!
LE!LSLACLIC?!BL=?CCA=?!LEK!P@?BB!@C!=F!BOLE!<F@!B?@SAO?B8
?"%9)8$+I! ,<! NFJ! >LS?! GJC=APC?! @?O?AS?@B! LEK! L!
JEAOLIC?!BNB=?GH!B?C?O=!=>AB!LE=?EEL!=NP?8!9@?BB!@C!=F!
FE!=>?!BO@??E8!9@?BB!@C!=F!BOLE!<F@!B?@SAO?B8
G%(!^=.&P%,9'`!,<!NFJ!>LS?!GJC=APC?!BL=?CCA=?!KAB>?B!
LEK!L!G%(!^=.&P%,9'H!B?C?O=!=>AB!LE=?EEL!=NP?8!6<=?@!
B?C?O=AED!(A-'R*!BMA=O>H!LEF=>?@!G?EJ!BO@??E!MACC!
I?! KABPCLN?K8!gFJ! OLE! B?=! <FJ@!G%(!^=! FP=AFEB! 4A<!
LSLACLIC?78!9@?BB!MB!!A!IJ==FE!=F!BOLE!LCC!BL=?CCA=?B!
F@!P@?BB!g!EE@L!IJ==FE!=F!BOLE!FECN!=>?!>AD>CAD>=?K!
BL=?CCA=?8!$F!BLS?!LEK!?QA=!P@?BB!@C!IJ==FE8
D%1&,.3%2+./"&,)$$),%0".K.?(X.=0""+9,%0"&
6 22FEV7714
!"#$%&'!!!"!]!"
J+:%).H$)-8)9R.;%).?(X./"45,=".%+1)%+"))(+&%1%S4WX%1)3%Y4WX%-)+'%A'33%$-&'%(O&(,)1#%0"$(,%*.00#9B%(O&(,)1#%'1,3%3-*P%3,-<(*%",%Z;U%:(:",9%*&-+P%&"%9".,%6>%89%.*-)2%&'(%Z;U%-)0.&*%"/%&'(%6>4
/JH@B3>A3i! 5LOU! JP! NFJ@! <AC?B! I?<F@?! GLUAED!
LEN!OFEE?O=AFEB!=F!=>?!$38!2LEJ<LO=J@?@!MACC!EF=!I?!
=NP?B!F<!)-5!K?SAO?B!4?8D8!29Z!9CLN?@B7!F@!)-5!>L@K!
KABU! K@AS?BVG?GF@N! B=AOUB! GLN! EF=! I?! OFGPL=AIC?!
MA=>!=>AB!$38!
W>AC?!<F@GL==AED!L!)-5!>L@K!KABU!=>L=!>LB!#$5!4$?@L!
5N=?7! F@! GF@?! <AC?! OLPLOA=NH! NFJ! OLE! ?QP?@A?EO?!
P@FIC?GB! MA=>! =>?! <F@GL==AED! P@FO?BB8! (F! EF=!
@?P?L=?KCN! RJAOUCN! PCJD! LEK! JEPCJD! =>?! K@AS?8!$>AB!
GLN!OLJB?!P>NBAOLC!KLGLD?!=F!=>?!)-5!PCLN?@!LEK!
)-5!K?SAO?!A=B?C<8!(F!EF=!PJCC!FJ=!)-5!GFKJC?!M>AC?!
J+:%).X10P&+1.J+"5
)-5!KABU!IN!OFEE?O=AED!A=!=F!NFJ@!$38!*FEE?O=!L!)-5!
KABU!=F!FE?!F<!=>?!)-5!AEPJ=B!CFOL=?K!FE!=>?!BAK?!F<!
=>?!$38!9@?BBAED!=>?!J!A?!IJ==FE!M>AC?!AE!=>?!2?KAL!
5@FMB?@! GFK?! MACC! LOO?BB! =>?! 9AO=J@?H! -FJEK! LEK!
-?==AEDB!G?EJ!FP=AFEB8!9@?BBAED! =>?!J!A?!IJ==FE!
LDLAE!MACC!?QA=!<@FG!=>AB!BO@??E8!gFJ!OLE!B?=!NFJ@!2?KAL!
5@FMB?@!P@?<?@?EO?B!IN!JBAED!=>?!-?==AEDB!2?EJ8
-=L@=! PCLNILOU! MA=>! ! LEK!
LO=ASL=?!
$3! PCLNB! E?Q=! <AC?! LEK! CFFP!
=>?!CAB=8
-=L@=! PCLNILOU! MA=>! %.! LEK!
LO=ASL=?! CFFP!4@?P?L=78
-=L@=! PCLNILOU! MA=>! %.V ! LEK!
LO=ASL=?!
j5%9R.J+"5;JAOU! -?==AEDB! G?EJ! LCCFMB! NFJ! =F! LOO?BB! BFG?!
FP=AFEB! RJAOUCN8! $>AB! G?EJ! AEOCJK?B! 9FM?@! -LS?!
2FK?H!9AO=J@?!2FK?H!'RJLCAh?@!-?==AEDBH!/LSFJ@A=?B!
LEK! -C??P!$AG?@! FP=AFEB8! ! 9@?BB! ;82'1)! IJ==FE!
FE!=>?!@?GF=?!OFE=@FC! =F!SA?M!RJAOU!G?EJ8!-??!=>?!
<FCCFMAED!O>LP=?@B!<F@!=>?!K?=LACB!F<!=>?!CAB=?K!<?L=J@?B8
22FEV7714 7
!"#$%&'!!!"!^!"
36.J+"5.D+),51+&.)":.D5"9,%0"&
H%9,51+.J+"5.=0",+",&
J0:+ gFJ!OLE!O>LED?!=>?!PAO=J@?!GFK?!=F!BJA=!NFJ@!P@?<?@?EO?!F@!@?RJA@?G?E=B8!9AO=J@?!GFK?!
OLE!I?!B?=!=F!FE?!F<!=>?B?!FP=AFEB`!=%"+2)H!M)2+H!G-")2%9.LEK!A),51)$8!
=0",1)&, -?=B!=>?!CAD>=E?BB!LEK!KL@UE?BB!SLCJ?B!F<!=>?!BO@??E8
X1%#',"+&& -?=B!=>?!I@AD>=E?BB!SLCJ?!<F@!=>?!BO@??E8
(')14"+&& -?=B!=>?!B>L@PE?BB!SLCJ?!<F@!=>?!FIX?O=B!KABPCLN?K!FE!=>?!BO@??E8
=0$051 -?=B!=>?!OFCFJ@!SLCJ?H!LKXJB=AED!=>?!OFCF@B8
H0P+1.();+.J0:+!$F!B?=!=>?!9FM?@!-LS?!2FK?!LB!'OFH!9AO=J@?!%<<!LEK!(ABLIC?K8!
4W>?E!=>?!2FK?!AB!(NELGAOH!9FM?@!-LS?!GFK?!AB!LJ=FGL=AOLCCN!B?=!LB!KABLIC?K87
X)9R$%#',.N@4,%0")$O
$>AB!B?==AED!OFE=@FCB!=>?!ILOUCAD>=!C?S?C8!$>?!ILOUCAD>=!<JEO=AFE!MACC!I?!AELO=AS?!A<!=>?!
9FM?@!-LS?!2FK?!AB!B?=!=F!'OF8!$>?!ILOUCAD>=!OLEEF=!I?!LO=ASL=?K!AE!3:6H!2?KAL!
5@FMB?@!GFK?!F@!M>AC?!=>?!PAO=J@?!GFK?!AB!B?=!=F!:LG?8!
A0%&+.B+:59,%0" ,<!=>?!I@FLKOLB=!BADELC!AB!M?LU!LEK!=>?!PAO=J@?!AB!EFABNH!JB?!=>?!A0%&+.B+:59,%0"!
B?==AED!=F!@?KJO?!=>?!LGFJE=!F<!EFAB?8!
>:;)"9+:.(+,,%"#&G-")2%9.=0",1)&, gFJ!OLE!O>LED?!=>?!(NELGAO!*FE=@LB=!@L=AF!=F!K?BA@?K!SLCJ?8!
=0$051.3+24 -?=B!=>?!K?BA@?K!OFCFJ@!=FE?8
H%9,51+.k002-?=B!=>?!K?BA@?K!PAO=J@?!BAh?!<@FG!PAO=J@?!hFFG!G?EJ8
!"#$5%@.&"%AH)#9%1<1-#18#(%-)%;+1,&%:"3(%$-&'%;C@N6%7EI[%'-2'%<"#&12(\#"$%<"#&12(%*$-&+'-)2B
D%$2.J0:+/ACGB!L@?!@?OF@K?K!L=!L!KA<<?@?E=!EJGI?@!F<!<@LG?B!P?@!B?OFEK!=F!EF@GLC!=?C?SABAFE!
BO?E?B!OC?L@CN8
(R%".30"+ -UAE!=FE?!OLE!I?!O>LED?K!I?=M??E!"\!LEK!\8
=0$051.('%*, 6KXJB=!=>?!K?BA@?K!OFCFJ@!=FE?8
BMX.M)%"B+&+, &?B?=B!=>?!PAO=J@?!B?==AEDB!=F!<LO=F@N!K?<LJC=!B?==AEDB84'QO?P=!:LG?!2FK?7
>5,040&%,%0".N%".H=.20:+O 6J=FGL=AOLCCN!FP=AGAh?B!=>?!KABPCLN8!9@?BB!%.!=F!FP=AGAh?8
F.H0&%,%0".N%".H=.20:+O
$>AB!A=?G!B>A<=B!=>?!AGLD?!>F@AhFE=LCCN!=F!=>?!@AD>=!>LEK!BAK?!F@!C?<=!>LEK!BAK?!F<!=>?!
BO@??E8
6.H0&%,%0".N%".H=.20:+O $>AB!A=?G!B>A<=B!=>?!AGLD?!S?@=AOLCCN!=FML@KB!=>?!=FP!F@!IF==FG!F<!=>?!BO@??E8
G0,.=$09R.N%".H=.20:+O
(F=!*CFOU!LKXJB=G?E=B!OF@@?O=!=>?!AE=?@<?@?EO?!=>L=!LPP?L@!LB!S?@=AOLC!ILEKAED!AE!KF=!
AE=?EBAS?!P@?B?E=L=AFEB!CAU?!BP@?LKB>??=B!F@!PL@LD@LP>B!F@!=?Q=!AE!BGLCC?@!<FE=B8
H')&+.N%".H=.20:+O
(?P?EKAED!FE!=>?!@?BFCJ=AFE!LEK!BOLE!<@?RJ?EON!=>L=!NFJ!AEPJ=!=F!=>?!$3!B?=H!NFJ!GLN!
B??!L!>LhN!F@!EFABN!PAO=J@?!FE!=>?!BO@??E8!,E!BJO>!L!OLB?!NFJ!OLE!JB?!=>AB!A=?G!=F!D?=!L!
OC?L@!PAO=J@?!IN!=@ALC!LEK!?@@F@!G?=>FK8
K'-#(%-)%>?@%A7CB%:"3(D%*":(%-&(:*%-)%7-+&.,(%:().%$-##%8(%.)1<1-#18#(4%E)*&(13D%>?@%:"3(%*(&&-)2*%$-##%8(%133(3%&"%&'(%7-+&.,(%;(&&-)2*%$'-#(%-)%7C%:"3(4
8 22FEV7714
!"#$%&'
36.J+"5.D+),51+&.)":.D5"9,%0"&
MM
(05":.J+"5.=0",+",&60$52+ 6KXJB=B!=>?!SFCJG?!C?S?C8
!^5)$%]+1 -?C?O=B!=>?!?RJLCAh?@!GFK?8!*JB=FG!B?==AEDB!OLE!I?!GLK?!FECN!M>?E!AE!JB?@!GFK?8
X)$)"9+ $>AB!B?==AED!AB!JB?K!<F@!?GP>LBAhAED!C?<=!F@!@AD>=!BP?LU?@!ILCLEO?8
F+):4'0"+ -?=B!>?LKP>FE?!SFCJG?8!
(05":.J0:+ gFJ!OLE!B?C?O=!L!BFJEK!GFK?8!4,<!=>?!B?C?O=?K!O>LEE?C!BJPPF@=B78
>6E.N>5,02),%9.60$52+.E%2%,%"#OG%#%,)$.@5, -?=B!KADA=LC!FJ=!LJKAF!=NP?8
(+,,%"#&.J+"5.=0",+",&=0":%,%0")$.>99+&& *FE=@FCB!OFEKA=AFELC!LOO?BB!GFKJC?B!M>?E!LSLACLIC?8
E)"#5)#+ 9@?<?@@?K!LEK!OJ@@?E=!B?==AEDB!MACC!I?!LSLACLIC?8!*J@@?E=!B?==AEDB!OLE!I?!O>LED?K!
FECN!A<!=>?!I@FLKOLB=?@!BJPPF@=B8
H)1+",)$'E=?@!OF@@?O=!PLBBMF@K!=F!O>LED?!PL@?E=LC!B?==AEDB8!gFJ!OLE!?LBACN!LKXJB=!G?EJ!
CFOUH!GL=J@A=N!CFOU!4GLN!O>LED?!K?P?EKAED!FE!=>?!OFJE=@N!B?C?O=?K7!LEK!O>ACK!CFOU!
AE!=>AB!G?EJ8!gFJ!OLE!LCBF!B?=!E?M!PAE!EJGI?@8
3%2+1& -?=B!BC??P!=AG?@!=F!=J@E!F<<!=>?!$3!L<=?@!L!O?@=LAE!=AG?8!-?=B!=AG?@B!<F@!B?C?O=?K!
P@FD@LGG?B8
G),+S3%2+ -?=B!KL=?!LEK!=AG?8
(0519+& 'ELIC?B!F@!KABLIC?B!B?C?O=?K!BFJ@O?!FP=AFEB8
(),+$$%,+.(+,,%"#& (ABPCLNB!=>?!BL=?CCA=?!B?==AEDB8!
@,'+1.(+,,%"#&I.G%&4$)-&.0,'+1.&+,,%"#.04,%0"&.0*.,'+.36.&+,IJ+"5.3%2+05, *>LED?B!=AG?FJ=!KJ@L=AFE!<F@!G?EJ!BO@??EB8
(9)".!"91-4,+:.=')""+$&
W>?E!=>AB!B?==AED!AB!FEH!=>?!B?L@O>!P@FO?BB!MACC!CFOL=?!=>?!?EO@NP=?K!O>LEE?CB!LB!
M?CC8
X$5+.X)9R#105": 6O=ASL=?B!F@!K?LO=ASL=?B!=>?!ICJ?!ILOUD@FJEK!BNB=?G!M>?E!=>?!BADELC!AB!M?LU!F@!
LIB?E=8
(0*,P)1+.?4#1):+>44$%9),%0".6+1&%0" (ABPCLNB!LPPCAOL=AFE!S?@BAFE8
F)1:.0*.F+)1%"# 'ELIC?B!LEN!BP?OALC!<?L=J@?!B?E=!<@FG!=>?!I@FLKOLB=?@8
>5:%0.G+&91%4,%0"6JKAF!K?BO@AP=AFE!@?<?@B!=F!LE!LKKA=AFELC!EL@@L=AFE!=@LOU!<F@!ICAEK!LEK!SABJLCCN!
AGPLA@?K!SA?M?@B!F<!SABJLC!G?KALH!AEOCJKAED!=?C?SABAFE!LEK!GFSA?B8!gFJ!OLE!JB?!=>AB!
<?L=J@?H!FECN!A<!=>?!I@FLKOLB=?@!BJPPF@=B!=>L=!LKKA=AFELC!EL@@L=AFE!=@LOU8
>5,0.36.@**gFJ!OLE!B?=!=>?!=AG?FJ=!SLCJ?!F<!LJ=F!F<<!<?L=J@?8!W>?E!=>?!=AG?FJ=!SLCJ?!AB!
@?LO>?K!LEK!=>?!$3!>LB!EF=!I??E!FP?@L=?K!<F@!L!B?C?O=?K!=AG?H!=>?!$3!MACC!DF!AE=F!
B=LEKIN!GFK?8
(,)":8-.(+)19'.N@4,%0")$O
,<!=>?!-=LEKIN!-?L@O>!AB!B?=!=F!%EH!M>?E!=>?!$3!AB!AE!B=LEKIN!GFK?H!LSLACLIC?!
I@FLKOLB=B!MACC!I?!B?L@O>?K8!,<!=>?!$3!CFOL=?B!LEN!E?M!F@!GABBAED!I@FLKOLB=BH!
L!G?EJ!BO@??E!MACC!I?!KABPCLN?KH!LBUAED!NFJ!M>?=>?@!F@!EF=!=F!?Q?OJ=?!=>?B?!
O>LED?B8!*>LEE?C!CAB=!MACC!I?!JPKL=?K!LEK!O>LED?K!L<=?@!=>AB!P@FO?BB8
22FEV7714 9
!"#$%&'!!!"!#T!"
36.J+"5.D+),51+&.)":.D5"9,%0"&
(,01+.J0:+.N@4,%0")$O,<!NFJ!L@?!KABPCLNAED!=>?!$3!AE!L!B=F@?H!NFJ!OLE!LO=ASL=?!=>AB!GFK?8!W>ACB=!-=F@?
2FK?!AB!?ELIC?KH!BFG?!A=?GB!AE!=>?!$3!G?EJ!GLN!EF=!I?!LSLACLIC?8
H0P+1.?4.J0:+
X%&&.C+-5ABB!AB!L!BL=?CCA=?!BADELC!BO@LGICAED!BNB=?G!=>L=!AB!JB?K!<F@!BFG?!I@FLKOLB=B8!,<!NFJ!E??K!
=F!?E=?@!5,--!U?N!FE!L!I@FLKOLB=H!NFJ!OLE!JB?!5ABB!.?N!B?==AED!CFOL=?K!AE!=>?!%=>?@!
-?==AEDB!G?EJ8!+AD>CAD>=!5ABB!.?N!LEK!P@?BB!%.!=F!?E=?@!U?NB!FE!=>?!K?BA@?K!I@FLKOLB=8
/"&,)$$.)":.B+,5"+.J+"5.=0",+",&
>5,02),%9.=')""+$.(9)".NB+,5"+O
(ABPCLNB!LJ=FGL=AO!=JEAED!FP=AFEB8!G%#%,)$.>+1%)$I!-?L@O>?B!LEK!B=F@?B!L?@ALC!(35!
B=L=AFEB8!G%#%,)$.=)8$+I!-?L@O>?B!LEK!B=F@?B!OLIC?!(35!B=L=AFEB8!>")$0#5+I.-?L@O>?B!
LEK!B=F@?B!LELCFDJ?!B=L=AFEB8! !-?L@O>?B!LEK!B=F@?B!L?@ALC!
(35!LEK!LELCFDJ?!B=L=AFEB8! !-?L@O>?B!LEK!B=F@?B!OLIC?!
(35!LEK!LELCFDJ?!B=L=AFEB8!(),+$$%,+I!-?L@O>?B!LEK!B=F@?B!BL=?CCA=?!B=L=AFEB8
J)"5)$.=')""+$.(9)" $>AB!<?L=J@?!OLE!I?!JB?K!<F@!KA@?O=!I@FLKOLB=!?E=@N8
A+,P01R.=')""+$.(9)" -?L@O>?B!<F@!=>?!CAEU?K!O>LEE?CB!AE!=>?!I@FLKOLB=!BNB=?G8!
>")$0#5+.D%"+.35"+LSLACLIC?!A<!EF!LELCFDJ?!O>LEE?CB!L@?!B=F@?K8
D%1&,.3%2+./"&,)$$),%0" (?C?=?B!LCC!B=F@?K!O>LEE?CB!LEK!B?==AEDBH!@?B?=B!$3!=F!<LO=F@N!B?==AEDB8
M+"+1)$.36.@4+1),%0"?&%"#.,'+.=')""+$.E%&,
$>?!$3!BF@=B!LCC!B=F@?K!B=L=AFEB!AE!=>?!*>LEE?C!0AB=8!gFJ!OLE!?KA=!=>AB!O>LEE?C!CAB=H!B?=!<LSFJ@A=?B!F@!B?=!LO=AS?!
B=L=AFEB!=F!I?!CAB=?K!IN!JBAED!=>?!*>LEE?C!0AB=!FP=AFEB8
6"%0,"'-8-&%<-($-)2%"/%+(,&1-)%0,"2,1::(*D%+'1))(#*%1)3%:().*%+1)%8(%#"+P(3%89%.*-)2%&'(%01,()&1#%+")&,"#%*9*&(:4
$F!KABPCLN!PL@?E=LC!CFOU!G?EJ!FP=AFEBH!=>?!9,1!EJGI?@!B>FJCK!I?!?E=?@?K8!$>?!<LO=F@N!K?<LJC=!9,1!EJGI?@!AB!
YYYY8!6<=?@!OFKAED!=>?!OF@@?O=!9,1!EJGI?@H!PL@?E=LC!B?==AEDB!G?EJ!MACC!I?!KABPCLN?K8
J+"5.E09R`!2?EJ!CFOU!B?==AED!?ELIC?B!F@!KABLIC?B!=>?!G?EJ!LOO?BB8!
J),51%,-.E09R`!W>?E!B?=H!=>AB!FP=AFE!D?=B!=>?!GL=J@A=N!AE<F@GL=AFE!<@FG!=>?!I@FLKOLB=!LEK!A<!=>AB!GL=J@A=N!C?S?C!
AB!KABLIC?KH!KABLIC?B!LOO?BB!=F!=>?!I@FLKOLB=8
='%$:.E09R`!W>?E!*>ACK!0FOU!AB!B?=H!=>?!$3!OLE!FECN!I?!OFE=@FCC?K!IN!=>?!@?GF=?!OFE=@FC8!,E!=>AB!OLB?!=>?!
OFE=@FC!PLE?C!IJ==FEB!MACC!EF=!MF@U8!
(+,.H/AF$G4?D#%8H!%,"5$%,42%,1423$%5$>$25+23%"2%#1$%C$D$,#$5%,"?2#:A(E/%9".%1,(%1*P(3%&"%()&(,%1%7EI%+"3(%/",%<-($-)2%1%:().%"0&-")D%.*(%")(%"/%&'(%/"##"$-)2%+"3(*5%IJ)KD%LLLL%",%')*I4!$+9,10"%9.H10#1)22+.M5%:+.N!HMO
-FG?H!IJ=!EF=!LCC!O>LEE?CB!B?EK!AE<F@GL=AFE!LIFJ=!=>?!OJ@@?E=!LEK!E?Q=!P@FD@LGG?B8!9@?BB!=>?! .IJ==FE!
=F!SA?M!=>?!'9:!G?EJ8
B+:.85,,0".NH1+;.G)-OI!(ABPCLNB!=>?!P@FD@LGG?B!F<!P@?SAFJB!KLN8
M1++".85,,0".NA+7,.:)-OI!(ABPCLNB!=>?!P@FD@LGG?B!F<!=>?!E?Q=!KLN8
g+$$0P.85,,0".Nk002O`!'QPLEKB!P@FD@LGG?!AE<F@GL=AFE8
X$5+.85,,0".ND%$,+1OI.(?X33EI.9@?BB! !(?X3/3E!.IJ==FE! =F! SA?M! -?C?O=! :?E@?! G?EJ8! )BAED! =>AB! <?L=J@?H! NFJ! OLE! B?L@O>! =>?!
P@FD@LGG?!DJAK?!KL=LILB?! AE!LOOF@KLEO?!MA=>! =>?!D?E@?8! ,E<F!LSLACLIC?! AE! =>?!P@FD@LGG?!DJAK?!MACC!I?!
B?L@O>?K!LEK!@?BJC=B!GL=O>AED!NFJ@!O@A=?@AL!MACC!I?!CAB=?K8
10 22FEV7714
!"#$%&'!!!"!##!"
/AD@I! (ABPCLNBH! AE! K?=LAC?KH! AE<F@GL=AFE! FE! =>?!
P@FD@LGG?!B?C?O=?K8
A52+1%9.85,,0"&. Nl524O`! mJGPB! =F! =>?! P@?<?@@?K!
O>LEE?C!KA@?O=CN!SAL!EJG?@AO!IJ==FEB8
@CI!(ABPCLNB!P@FD@LGG?!FP=AFEB8
3+7,.N(+)19'OI!(ABPCLNB!cO?+5$%;$4:,1d!G?EJ8
.NA0PO!`!->FMB!=>?!OJ@@?E=!P@FD@LGG?8
(0*,P)1+.?4#1):+
SAL!=>?!6?@ALCV*LIC?!BADELC8!
(0*,P)1+.54#1):+.&+)19'.;%).5&+1.%",+1*)9+-AGPCN!ELSADL=?!FE!NFJ@!GLAE!G?EJ8!*>FFB?!(+,,%"#&!
LEK!B?C?O=!@,'+1.(+,,%"#&!G?EJ8!,E!@,'+1.(+,,%"#&!
G?EJ!ELSADL=?!FE!=F!=>?!(0*,P)1+.*01.?4#1):+!A=?G!
LEK! P@?BB!@C! IJ==FE! =F! O>?OU! <F@! L! E?M! BF<=ML@?!
JPD@LK?8
b.>J.&+)19'.)":.54#1):+.20:+W>AC?! =>?! $3! AB! OFEE?O=?K! =F! LE! L?@ALC! BADELC8! ,<!
6J=FGL=AO! BOLEEAED! AE! =>?! )PD@LK?! %P=AFEB! G?EJ!
AB!?ELIC?KH!=>?!$3!MLU?B!JP!L=!TZ`TT!LEK!B?L@O>?B!
I@FLKOLB=! O>LEE?CB! <F@! E?M! BF<=ML@?! JPD@LK?B8! ,<!
E?M!BF<=ML@?!AB!<FJEK!LEK!KFMECFLK?K!BJOO?BB<JCCNH!
=>?!E?Q=!=AG?!=>?!$3!PFM?@B!JP!H!A=!MACC!>LS?!=>?!E?M!
BF<=ML@?!S?@BAFE8
!"#$&%E/%&'(%6>%/1-#*%&"%+":(%")%1/&(,%&'(%.02,13(%.)0#.2%&'(%6>%/",%S%:-).&(*%1)3%0#.2%-)%121-)4
3;.P%$$."0,.,51".0"2LU?!BJ@?!=>?!PFM?@!OF@K!AB!PCJDD?K!AE!B?OJ@?CN!=F!
MLCC!FJ=C?=8!$>?!IL==?@A?B!AE!=>?!@?GF=?!OFE=@FC!GLN!
I?!?Q>LJB=?K8!9@?BB!=>?!9FM?@!IJ==FE!FE!=>?!$38!
H001.4%9,51+!+LS?!NFJ!B?C?O=?K!=>?!OF@@?O=!$3!BNB=?Gn!
!0FM!BADELC!C?S?C!OLE!OLJB?!PAO=J@?!KAB=F@=AFE8!9C?LB?!
O>?OU!LE=?EEL!LOO?BB8
.*>?OU! A<! NFJ! >LS?! ?E=?@?K! =>?! OF@@?O=! O>LEE?C!
<@?RJ?EON!A<!NFJ!>LS?!KFE?!GLEJLC!=JEAED8!
.$>?!PAO=J@?!RJLCA=N!GLN!K?D@LK?!M>?E!=MF!K?SAO?B!
L@?!OFEE?O=?K!=F!=>?!$3!L=!=>?!BLG?!=AG?8!,E!BJO>!
L!OLB?H!KABOFEE?O=!FE?!F<!=>?!K?SAO?B8
A0.4%9,51+1F!9AO=J@?!G?LEB!=>L=!NFJ@!$3! AB!EF=!@?O?ASAED!L!
=@LEBGABBAFE8!+LS?!NFJ!B?C?O=?K!=>?!OF@@?O=!IJ==FE!
FE!=>?!@?GF=?!OFE=@FCn!$@N!FEO?!GF@?8!6CBF!GLU?!
BJ@?!=>?!OF@@?O=!AEPJ=!BFJ@O?!>LB!I??E!B?C?O=?K8
,B!=>?!LE=?EEL!OFEE?O=?K!P@FP?@CNn!
,B!=>?!LE=?EEL!OLIC?!KLGLD?Kn!
6@?!BJA=LIC?!PCJDB!JB?K!=F!OFEE?O=!=>?!LE=?EELn!
,<!NFJ!L@?!AE!KFJI=H!OFEBJC=!NFJ@!K?LC?@8
A0.&05":+LB!=>?!$3!I??E!B?=!=F!GJ=?n!$F!OLEO?C!GJ=?H!P@?BB!
=>?!c d!IJ==FEH!F@!AEO@?LB?!=>?!SFCJG?!C?S?C8
-FJEK! AB! OFGAED! <@FG! FECN! FE?! BP?LU?@8! ,B! =>?!
ILCLEO?! B?=! =F! FE?! ?Q=@?G?n! -??! -FJEK! 2?EJ!
B?O=AFE8
B+20,+.90",10$.K.:0+&."0,.04+1),+$>?! IL==?@A?B! GLN! I?! ?Q>LJB=?K8! &?PCLO?! =>?!
IL==?@A?B8!
/"45,.&0519+&.K.9)"."0,.8+.&+$+9,+:,<!NFJ!OLEEF=!B?C?O=!LE!AEPJ=!BFJ@O?H!A=!AB!PFBBAIC?!
=>L=!EF!K?SAO?!AB!OFEE?O=?K8!A<!EF=
*>?OU!=>?!63!OLIC?B!LEK!OFEE?O=AFEB!A<!NFJ!>LS?!
=@A?K!=F!OFEE?O=!L!K?SAO?8
22FEV7714 11
!"#$%&'!!!"!#Y!"
>6.)":.FGJ/.(%#")$.=024),%8%$%,-.
(0519+ (54401,+:.(%#")$& >;)%$)8$+
!m3N(=>B3O
960!\TV_T %
1$-*!_T %
&:5!\T %
&:5!_T %
(%:+.>6960!\TV_T %
1$-*!_T %
H=SgH8H1.
[^T,H![^T9 _T+h %
\]_,H!\]_9 \T+h %
]YT9 \T+hH_T+h %
#T^T, \T+hH_T+h %
#T^T9 \T+hH_T+h %
FGJ/T
[^T, _T+h %
[^T9 _T+h %
\]_,H!\]_9 \T+h %
]YT9 \T+hH_T+h %
#T^T, \T+hH_T+h %
#T^T9
Y[+hH!Y\+h
ZT+hH!\T+hH!
_T+h
%
NmI.A0,.>;)%$)8$+Q.@I.>;)%$)8$+OE)% *":(% +1*(*% 1% *-2)1#% ")% &'(%6>%:19%)"&% 8(% 3-*0#19(3%0,"0(,#94%6'(%0,"8#(:%:19%8(%1)%-)+")*-*&()+9%$-&'%*&1)31,3*%/,":%&'(%*".,+(%(].-0:()&%AF>FD%;(&^&"0%8"OD%(&+4%B4%E/%9".%3"%(O0(,-()+(%*.+'%1%0,"8#(:%0#(1*(%+")&1+&%9".,%3(1#(,%1)3%1#*"%&'(%:1)./1+&.,(,%"/%&'(%*".,+(%(].-0:()&4
H=./"45,.3-4%9)$.G%&4$)-.J0:+&.6'(%/"##"$-)2% &18#(% -*%1)% -##.*&,1&-")%"/%*":(%"/% &'(%&90-+1#%<-3("%3-*0#19%:"3(*4%=".,%6>%:19%)"&%*.00",&%1##%,(*"#.&-")*4%=".,%6>%*.00",&*%.0%&"%_`SaO_a[a4
/":+7 B+&0$5,%0" D1+^5+"9-
T ^TTQ_TT \_!+h
W ^TTQ_TT _T!+h
b #TY[Q]_^ _T!+h
Z #Y^TQ]_^ _T!+h
[ #Z_TQ]_^ _T!+h
\ #Y^TQ#TY[ _T!+h
c _T!+h
d #Y^TQ#TY[ _T!+h
e #[TTQ#T\T _T!+h
TY #_TTQ#YTT _T!+h
TT _T!+h
12 22FEV7714
!"#$%&'!!!"!#Z!"
F=F%M"5$()*+,-./"*012),%0"=>?3/@A(3(!9CLN?@!AB!L!OCLBB!#!CLB?@!P@FKJO=8!+FM?S?@!=>AB!
P@FKJO=!JB?B!L!SABAIC?!CLB?@!I?LG!M>AO>!OFJCK!OLJB?!
>LhL@KFJB!@LKAL=AFE!?QPFBJ@?8!5?!BJ@?!=F!FP?@L=?!=>?!
PCLN?@!OF@@?O=CN!LB!AEB=@JO=?K8
=E>((.T..E>(!B.HB@G?=3
B/(C.@D.!E!=3B/=.(F@=C
LE!?RJACL=?@LC! =@ALEDC?H! AB! AE=?EK?K! =F!LC?@=! =>?!JB?@!
=F!=>?!P@?B?EO?!F<!JEAEBJCL=?K!cKLED?@FJB!SFC=LD?d!
GLDEA=JK?! =F! OFEB=A=J=?! L! @ABU! F<! ?C?O=@AO! B>FOU! F<!
P?@BFEB8
$>?!?QOCLGL=AFE!PFAE=!MA=>AE!LE!?RJACL=?@LC!=@ALEDC?!AB!
AE=?EK?K!=F!LC?@=!=>?!JB?@!=F!=>?!P@?B?EO?!F<!AGPF@=LE=!
FP?@L=AED!LEK!GLAE=?ELEO?!4B?@SAOAED7!AEB=@JO=AFEB!AE!
=>?!CA=?@L=J@?!LOOFGPLENAED!=>?!LPPCALEO?8
A0,+&.0".G%&9&@".')":$%"#.:%&9&
$F!U??P!=>?!KABO!OC?LEH!>LEKC?!=>?!KABO!IN!A=B!?KD?8!
(F!EF=!=FJO>!=>?!BJ@<LO?8
(F!EF=!B=AOU!PLP?@!F@!=LP?!FE!=>?!KABO8
,<!=>?!KABO!AB!OFE=LGAEL=?K!MA=>!LEN!BJIB=LEO?!CAU?!
DCJ?!@?GFS?!I?<F@?!JBAED!A=8
(F!EF=!?QPFB?! =>?!KABO! =F!KA@?O=! BJECAD>=! F@!>?L=!
BFJ@O?B!BJO>!LB!>F=!LA@!KJO=BH!F@! C?LS?!A=! AE!L!OL@!
PL@U?K!AE!KA@?O=!BJECAD>=!LB!=>?!=?GP?@L=J@?!OLE!@AB?!
RJAOUCN!LEK!KLGLD?!=>?!KABO8
6<=?@! PCLNAEDH! B=F@?! =>?! KABO! AE! A =B! OLB?8!
!
AB! L! =@LK?GL@UB! (3(! /F@GL=V0FDF!
0AO?EBAED!*F@PF@L=AFE
@".9$+)"%"#5?<F@?!PCLNAEDH!OC?LE!=>?!KABO!MA=>!L!OC?LEAED!OCF=>8!
WAP?!=>?!KABO!<@FG!=>?!O?E=?@!FJ=8
(F! EF=! JB?! BFCS?E=B! BJO>! LB! I?EhAE?H! =>AEE?@H!
OFGG?@OALCCN!LSLACLIC?!OC?LE?@B!F@!LE=A"B=L=AO!BP@LN!
AE=?EK?K!<F@!SAENC!09B8
$>AB! P@FKJO=! AEOF@PF@L=?B! OFPN@AD>=! P@F=?O=AFE!
=?O>EFCFDN! =>L=! AB! P@F=?O=?K! IN! )8-8! PL=?E=B!
LEK! F=>?@! AE=?CC?O=JLC! P@FP?@=N! @AD>=B8! )B?! F<!
=>AB! OFPN@AD>=! P@F=?O=AFE! =?O>EFCFDN! GJB=! I?!
LJ=>F@Ah?K!IN!&FSA!*F@PF@L=AFEH!LEK!AB!AE=?EK?K!<F@!
>FG?!LEK!F=>?@! CAGA=?K!SA?MAED!JB?B!FECN!JEC?BB!
F=>?@MAB?!LJ=>F@Ah?K!IN!&FSA!*F@PF@L=AFE8!&?S?@B?!
?EDAE??@AED!LEK!KABLBB?GICN!L@?!P@F>AIA=?K8
F0P.,0.L),9'.).G6GW>?E!PCLOAED!L!KABO!AE=F!=>?!CFLK?@H!CLI?C?K!BAK?!F<!
=>?!KABO!B>FJCK!I?!FE!=>?!<@FE=`
IN!JBAED!=>?!c d!IJ==FE!FE!=>?!@?GF=?!OFE=@FC8!9@?BB!
PCLN!FE!=>?!@?GF=?!OFE=@FCH!F@!KA@?O=CN!P@?BB!PCLN!IJ==FE!
L=!=>?!<@FE=!PLE?C8!,<!=>?@?!AB!EF!KABO!AEBAK?!=>?!CFLK?@H!!
!"#$ 5 % E / % 9".% *$- &+'% &" % 1)"&'(, % *".,+(% 89%0,(**-)2% c d! D% c d% ",%HhSHK.8.&&")*% ")% &'(%,(:"&(% +")&,"#D% % F>F% 0#1981+P% $-##% 8(% 01.*(3%1.&":1&-+1##94%=".%*'".#3%0,(**%7V@=%1)3%,(*.:(%&'(%0#1981+P%:1).1##9%$'()%9".%*$-&+'%&"%F>F%:"3(4
22FEV7714 13
!"#$%&'!!!"!#[!"
G6G.=0",10$.H)"+$.X5,,0"&><.G%&9.$0):+1X<.H$)-.S.H)5&+9CLNBVPLJB?B!=>?!KABO8!W>?E!(3(!G?EJ!4@FF=!G?EJ7!AB!LO=AS?H!=>AB!IJ==FE!<JEO=AFEB!LB!
cIJ==FE!B?C?O=d!4B?C?O=B!=>?!>AD>CAD>=?K!A=?G!AE!G?EJ7!A<!=>AB!AB!EF=!P@F>AIA=?K!IN!=>?!KABO8
=<.(,04.S.!n+9,-=FP!PCLNAED!KABO!V!'X?O=!F@!0FLK!=>?!KABO!1F=?`
gFJ!OLEEF=!?X?O=!=>?!KABO!SAL!=>?!@?GF=?!OFE=@FC8
T<. -=LEKIN
W<. 9CLN
b<. 0LEDJLD?!B?C?O=AFE!4-?=!CLEDJLD?7
Z<. &LPAK!@?S?@B?
[<. oFFG
\<. &?P?L=
c<. 1JG?@AO!IJ==FEB
d<. 1LSADL=AFE!IJ==FEB
e<. %.
TY<.2?EJ
TT<.&?=J@E
TW<.6EDC?
Tb<.SFCJG?!JP!V!KFME
TZ<.2J=?
T[<. ,E<F
T\<.2N!IJ==FE!#!V!(ABPCLN!=AG?!V!(3(!G?EJ
Tc<.2N!IJ==FE!Y!V!-?L@O>!GFK?
Td<.'QA=
Te<.&FF=
WY<.$A=C?
WT<.&LPAK!LKSLEO?
WW<.-JI=A=C?
Wb<.-=FP
WZ<.9LJB?
W[<.63!V!-FJ@O?!B?C?O=AFE
@;+1;%+P.0*.,'+.B+20,+.=0",10$
14 22FEV7714
!"#$%&'!!!"!#\!"
G6G.=0",10$&gFJ!OLE!FP?@L=?!(3(H!GFSA?!*(H!GJBAO!F@!PAO=J@?!*(bB!OFE=?E=!IN!JBAED!=>?!OF@@?O=!IJ==FEB!FE!NFJ@!@?GF=?!
OFE=@FC8!5?CFM!L@?!GLAE!<JEO=AFEB!F<!OFGGFECN!JB?K!@?GF=?!OFE=@FC!IJ==FEB8
4l7!gFJ!OLE!BMA=O>! =F!L! =A=C?!
IN!P@?BBAED!EJGI?@!IJ==FEB!
KA@?O=CN8!gFJ!E??K!=F!P@?BB!T!
LEK!=>?E!KADA=!U?N!=F!BMA=O>!
FE?! KADA=! =A=C?B! 4(O1:0#(5% =F!
B?C?O=!\H!P@?BB!T!LEK!\78!
@,'+1.D5"9,%0"&.o.X5,,0".=028%"),%0"&.NG51%"#.4$)-8)9RO
.h. -CFM!<F@ML@K
N .h. O.h . -?=B!BCFM!<F@ML@K!BP??K
.h. -?=B!@LPAK!LKSLEO?!BP??K
.h. -?=B!@LPAK!@?S?@B?!BP??K
.h.
X5,,0"& G6G.H$)-8)9R J0;%+.H$)-8)9R H%9,51+.H$)-8)9R J5&%9.H$)-8)9R
9CLN 9CLN 9CLN 9CLN
9LJB? 9LJB? 9LJB? 9LJB?
-=FP -=FP -=FP -=FP
!V!-UAP!ILOUML@KV<F@ML@K -UAP!ILOUML@KV<F@ML@K &F=L=? -UAP!ILOUML@KV<F@ML@K
!!!!! !V! +AD>CAD>=B!L!G?EJ!A=?G!V!->A<=B!=>?!hFFG?K!PAO=J@?!JP!F@!KFME!4A<!LSLACLIC?78
!V!&LPAK!LKSLEO?!V!&LPAK!@?S?@B?
!!!!!
3A?MB!=>?!BO?E?!<@FG!KA<<?@?E=!LEDC?B!4A<!
LSLACLIC?7
*>LED?B!BCAK?!?<<?O=!
4K?P?EKB!FE!=>?!
OFE=?E=7
(ABPCLNB!=AG?!V!3A?MB!GLAE!B?=JP!G?EJ
$AG?!OFJE=?@!GFK?!B?C?O=AFE!4KJ@AED!PCLNILOU78!9@?BB!@?P?L=?KCN!=F!BMA=O>!I?=M??E!GFK?B8
E>AM< 6J=F!CLEDJLD?
J!A? (ABPCLNB!$3!G?EJ8
@C. 'E=?@!V!3A?M!V!9CLN
MB!!A.X?33@A
(ABPCLNB!@?P?L=!FP=AFEB8
B!3?BA &?=J@EB!ILOU!=F!=>?!P@?SAFJB!G?EJ!4A<!LSLACLIC?78
[email protected]?33@A
:F?B!ILOU!=F!=>?!@FF=!<FCK?@!4A<!LSLACLIC?78
......... ..
(A@?O=!B?C?O=AFE!F<!BO?E?B!F@!=AG?8 -?C?O=B!=>?!K?BA@?K!<AC?8 -?C?O=B!=>?!K?BA@?K!<AC?8
. ..-JI=A=C?!FE"F<<8!9@?BB!@?P?L=?KCN!=F!BMA=O>!
I?=M??E!BJI=A=C?!FP=AFEB8
..2?KAL!BFJ@O?!B?C?O=AFE8
XE?!.X?3K3@A
(ABPCLNB!KABO!G?EJ!!
4A<!LSLACLIC?78
(ABPCLNB!KABO!G?EJ!!
4A<!LSLACLIC?78
B!G.X?33@A
oFFGB!PAO=J@?8!9@?BB!@?P?L=?KCN!=F!BMA=O>!I?=M??E!hFFG!FP=AFEB8
22FEV7714 15
!"#$%&'!!!"!#_!"
M+"+1)$.H$)-8)9RX)&%9.H$)-T<. 9@?BB!FE!=>?!PFM?@!IJ==FE
W<. 9C?LB?!AEB?@=!L!KABO!=F!=>?!CFLK?@8
$>?! KABO! MACC! I?! LJ=FGL=AOLCCN! CFLK?K! LEK! PCLN!
OFGG?EO?B! A<! =>?! KABO! KF?B! EF=! >LS?! LEN! G?EJB!
@?OF@K?K!FE!A=8
6!G?EJ!GLN!LPP?L@!FE! =>?!$3!BO@??E!L<=?@!L! <?M!
AE=@FKJO=AFE! F<! =>?! /ACG! *FGPLEN8!$>AB! I?>LSAFJ@!
K?P?EKB!FE!=>?!KABO!OFE=?E=!LEK!GLN!O>LED?8
!"#$5%;&(0%Y%1)3%R%-*%1<1-#18#(%")#9%$'()%1%:().%-*%,(+",3(3%")%&'(%3-*+4
b<. 9@?BB!!c d!V!c d!V! !V! !F@!=>?!EJGI?@!IJ==FE!4B7!
=F!B?C?O=!=>?!P@?<?@@?K!=A=C?8
Z<. 9@?BB!%.8
9CLN! F<! =>?! B?C?O=?K! A=?GB! EFM! B=L@=B8!$>?! PCLN?K!
A=?G!GLN!I?!L!GF=AFE!PAO=J@?H!L!B=ACC!PAO=J@?!F@!LEF=>?@!
BJIG?EJ!K?P?EKAED!FE!=>?!KABO8
D01.-051.1+*+1+"9+IE/%1)%1+&-")%+",,(*0")3-)2%&"%1%8.&&")%-*%0,"'-8-&(3%&'(%bX%*9:8"#%100(1,*4
A0,+&.0".H$)-8)9RIT<. 1F!BFJEK!MACC!I?!>?L@K!KJ@AED!&LPAK!LKSLEO?!
F@!&LPAK!@?S?@B?8
W<. 1F!BFJEK!MACC!I?!>?L@K!KJ@AED!-CFM!GF=AFE!PCLN8
b<. &?S?@B?!BCFM!GF=AFE!PCLN!AB!EF=!LSLACLIC?8
Z<. ,E!BFG?!OLB?BH!=>?!BJI=A=C?!CLEDJLD?!AB!EF=!
O>LED?K!AGG?KAL=?CN!=F!=>?!B?C?O=?K!FE?8
[<. W>?E!=>?!P@?<?@@?K!CLEDJLD?!AB!EF=!B?C?O=?K!?S?E!
L<=?@!P@?BBAED!=>?!IJ==FE!B?S?@LC!=AG?BH!A=!G?LEB!
=>L=!=>?!CLEDJLD?!AB!EF=!LSLACLIC?!FE!=>?!KABO8
\<. W>?E!=>?!PCLN?@!AB!@?B=L@=?K!F@!=>?!KABO!AB!
O>LED?KH!=>?!BJI=A=C?!B?C?O=AFE!AB!LJ=FGL=AOLCCN!
O>LED?K!ILOU!=F!=>?!AEA=ALC!B?==AEDB8!
c<. ,<!L!CLEDJLD?!AB!B?C?O=?KH!EF=!BJPPF@=?K!IN!=>?!
KABOH!=>?!BJI=A=C?!CLEDJLD?!MACC!LJ=FGL=AOLCCN!I?!
B?=!=F!=>?!KABObB!P@AF@A=N!CLEDJLD?8
d<. )BJLCCN!L!OA@OJCL=AFE!MACC!>LPP?E!M>AC?!BMA=O>AED!
=F!LEF=>?@!CLEDJLD?H!=>L=!AB!NFJ!OLE!OLEO?C!
=>?!BJI=A=C?!IN!P@?BBAED!=>AB!IJ==FE!L!EJGI?@!F<!
=AG?B!JE=AC!c-JI=A=C?!%<<d!LPP?L@B!FE!=>?!BO@??E8
e<. W>?E!=>?!PFM?@!AB!=J@E?K!FE!F@!=>?!KABO!AB!
@?GFS?KH!=>?!CLEDJLD?!>?L@K!AB!=>?!FE?!
B?C?O=?K!L=!=>?!AEA=ALC!B?==AEDB8!,<!=>AB!CLEDJLD?!
AB!EF=!@?OF@K?K!FE!=>?!KABOH!FECN!=>?!LSLACLIC?!
CLEDJLD?!FE!=>?!KABO!MACC!I?!>?L@K8
TY<.-FG?!(3(B!GLN!EF=!OFE=LAE!@FF=!LEKVF@!=A=C?!
G?EJB8
TT<.&?S?@B?!B=?PPAED!AB!EF=!LSLACLIC?8
TW<./F@!NFJ@!OFES?EA?EO?`
,<!NFJ!L==?GP=!=F!?E=?@!L!EJGI?@!D@?L=?@!=>LE!=>?!=F=LC!
=AG?!F<!=>?!OJ@@?E=!=A=C?H!=>?!=AG?!B?L@O>!IFQ!KABLPP?L@B!
LEK!c !,EPJ=!,ESLCAKd!G?BBLD?!LPP?L@B!FE!JP"C?<=!
OF@E?@!F<!BO@??E8
Tb<.-CAK?!->FM!AB!KABLIC?K!M>?E!=>?!o%%2!GFK?!
AB!FE8
G6G.31058$+&'00,%"#3'+.4%9,51+.^5)$%,-.%&.4001.NG6GO
2LU?!BJ@?!=>?!(3(!KABO!BJ@<LO?!AB!EF=!KLGLD?K8!
*C?LE!=>?!(3(!KABO!LEK!=@N!LDLAE8!
;((%-)*&,.+&-")*%3(*+,-8(3%-)%bI"&(*%")%F-*+*X%&"%+#(1)%9".,%3-*+%0,"0(,#94
'EBJ@?!=>L=!=>?!(3(!KABO!AB!AE!=>?!K@LM?@!MA=>!=>?!
CLI?C!JPP?@GFB=8
6!KLGP!(3(!KABO!F@!OFEK?EBL=AFE!GLN!?<<?O=!=>?!
?RJAPG?E=8!WLA=!<F@!#!=F!Y!>FJ@B!AE!-=LEK"IN!=F!K@N!
=>?!?RJAPG?E=8
G%&9.:0+&."0,.4$)-!1F!KABO!AE!=>?!GLO>AE?8!7#1+(%1%3-*+%-)&"%&'(%#"13(,4(ABO!AEOF@@?O=CN!CFLK?K8
G)*.,(% &'1&% &'(%F>F%3-*+% -*% -)% &'(% 3,1$(,%$-&'% &'(% #18(#%.00(,:"*&4
W@FED!=NP?!F<!KABO8!$>?!GLO>AE?!OLEEF=!PCLN!*("
=>?!PCLN?@8
L10"#.@(G.$)"#5)#+-?C?O=!=>?!CLEDJLD?!AE!=>?!B?="JP!G?EJ8
$>?!CLEDJLD?!<F@!=>?!BFJEK!F@!BJI=A=C?B!FE!L!(3(!
OLEEF=!I?!O>LED?K8
2JC=ACAEDJLC!BFJEK!LEKVF@!BJI=A=C?B!EF=!@?OF@K?K!FE!
=>?!(3(8
$@N!=F!O>LED?!=>?!BFJEK!F@!BJI=A=C?B!JBAED!(3(bB!
=A=C?!G?EJ8!-FG?!(3(bB!KF!EF=!LCCFM! =>?!JB?@! =F!
O>LED?!=>?B?!B?==AEDB!MA=>FJ=!JBAED!=>?!KABObB!G?EJ
$>?B?!<JEO=AFEB!L@?!EF=!LSLACLIC?!FE!=>?!(3(8
A0.4%9,51++LS?!NFJ!P@?BB?K!=>?!OF@@?O=!IJ==FEB!FE!=>?!@?GF=?!
OFE=@FCn!$@N!FEO?!GF@?8
A0.&05":*>?OU!=>?!SFCJG?!AB!B?=!=F!LE!LJKAIC?!C?S?C8
2LU?! BJ@?! NFJ! >LS?! EF=! BMA=O>?K! =>?! BFJEK! F<<!
LOOAK?E=LCCN8
G%&,01,+:.&05":*>?OU!=>L=! =>?!LPP@FP@AL=?! CAB=?EAED!GFK?!B?==AED!
AB!OF@@?O=8
/*."0,'%"#.P01R&,<!NFJ!>LS?!=@A?K!=>?!LIFS?!BFCJ=AFEB!LEK!EFE?!B??G!
=F!MF@UH!=@N!BMA=O>AED!NFJ@!$3"(3(!F<<!LEK!FE!LDLAE8!
,<!=>AB!KF?B!EF=!MF@UH!OFE=LO=!NFJ@!BJPPCA?@!F@!$3"(3(!
@?PLA@!=?O>EAOALE8!1?S?@!L==?GP=!=F!@?PLA@!L!K?<?O=AS?!
$3"(3(!NFJ@B?C<8
16 22FEV7714
!"#$%&'!!!"!#]!"!"#$%&'!!!"!#!"
!"#$%&'
(%&)*+,-.& /.)012%"#*+,-.& (%&)*3%4.
(%&)*50#0
$%$"%&$'(!)$*+*,-.!%/01-,*./!$*123 45$&(!6!%&$'( #728
45$&("9$!)9:8;-2,!$*12!$*+*,-.!4<=*:3 45$&( #728
>?@!9$ 45$&(!)AAAAB8;@3 #728
?&9C5D'!9$ %&$'(!)1,*..!;*2,<0/3 #728
45$&(!6!%&$'(!6!E?'F #728
$%$GD!)$%$!D/2:0=-H./!"!4<=*:I%*=/:!J:08-,! 45$&(!6!%&$'(!6!E?'F #728
9$"D!)9$!D/2:0=-H./!"!4<=*:I%*=/:!J:08-,!:0! 45$&(!6!%&$'(!6!E?'F #728
9$"DK!)9$"D/L0*,-H./!"!4<=*:I%*=/:!J:08-,!:0! 45$&(!6!%&$'(!6!E?'F #728
(.)02.1&
E?'FM!E?'F!;.-NH-2O!LP*./!;.-N*Q+!><1*2)*Q!1-8/!J:.=/03M!>?'F"#M!>?'F"7M!>?'FR!!)>?'F"R!%*1<-.3M!ST*$M!U?9>M!>?#M!>?7M!>?@M!$:.HN!$*+*,-.!):Q.N!;-11,P0:<+P3M!9$!$*+*,-.!4<=*:
6%$.*601789
4%&!)S%&$I@&%#I@&%7IV%VKI$>W73
!",%0,"0(,%"0(,1&-")D%")#9%_S%+:%3-*+*%:.*&%8(%.*(34
22FEV7714 17
!"#$%&'!!!"!#^!"
(54401,+:.D%$+.D012),&.*01.?(X.J0:+
J+:%) !7,+"&%0" D012), A0,+&
6%:+0 8KL=H!8GPDH!
8GP?D
2P?D#"Y #T^T9pZT<PBH!\T2IA=VB?O
8=BH!8=@PH!
8=PH!8GY=B
29':Y!H!+8Y_[H!
3*#H!63-H!23*
+8Y_[`#T^T9QYpY\<PBH!#T^T9p\T<PB!23*`#T^T9p!Y[<PB!%=>?@̀ !#T^T9pZT<PB!"!
\T2IA=VB?O
8SFI 29':Y #T^T9pZT<PB!\T2IA=VB?O
8GUS! 29':#"Y"[H!
+8Y_[
+8Y_[`#T^T9QYpY\<PBH!#T^T9p!\T<PBH!#T^T9pZT<PBH!\T2IA=VB?O
8GP[
+8Y_[
+8Y_[`#T^T9QYpY\<PBH!#T^T9p!\T<PBH!#T^T9pZT<PBH!\T2IA=VB?O
8LSA
+8Y_[
+8Y_[`#T^T9QYpY\<PBH!#T^T9p!\T<PBH!#T^T9pZT<PBH!\T2IA=VB?O
+8Y_[H!-F@?EBFE!
+8Y_Z
+8Y_[`#T^T9QYpY\<PBH!#T^T9p\T<PBH!#T^T9pZT<PBH![T2IA=VB?O
8ZDP 29':[H!+8Y_[
8LB<H!8MGS 3*# #T^T9pZT<PBH!\T2IA=VB?O
>5:%0 8GPZ 29':#VY!0LN?@!
#VYVZ!429Z7
0LN?@#`!ZY.IPB!q![[^.IPB!45A=!@L=?7!V!#_.+h!q![^.+h!4-LGPCAED!@L=?7
0LN?@Y`!^.IPB!q!Z^[.IPB!45A=!@L=?7!V!#_.+h!q![^.+h!4-LGPCAED!@L=?7
0LN?@Z`!^.IPB!q!ZYT.IPB!45A=!@L=?7!V!#_.+h!q![^.+h!4-LGPCAED!@L=?7
8MLS 09*2
8MGLVLB< W26H!W26!9@F W26`!#Y^IPB!q!ZYT.IPB!45A=!@L=?7!V!^.+h!q![^.+h!4-LGPCAED!@L=?7
8G[LV!8LLO 66*H!+'66* /@??!/F@GL=!45A=!@L=?7!V!^.+h!q![^.+h!4-LGPCAED!@L=?7
8POG 9*2 ^.IPB!q!ZYT.IPB!45A=!@L=?7!V!#_.+h!q![^.+h!4-LGPCAED!@L=?7
4MF@UB!
FECN!MA=>!
SAK?F!
6*Z ZY.IPB!q!_[T.IPB!45A=!@L=?7!V!ZY.+hH![[8#.+hH![^.+h!4-LGPCAED!@L=?7
'6*Z ZY.IPB!q!_!2IPB!45A=!@L=?7!V!ZY.+hH![[8#.+hH![^.+h!4-LGPCAED!@L=?7
09*2 _[.IPB!q!#8\2IPB!45A=!@L=?7!V!^.+h!q![^.+h!4-LGPCAED!@L=?7
,26"6(9*2V
2-"6(9*2
Z^[.IPB!45A=!@L=?7!V!^.+h!q![^.+h!4-LGPCAED!@L=?7
:]##!6VGJ"CLM _[q#Y^.IPB!45A=!@L=?7!V!^.+h!4-LGPCAED!@L=?7
H%9,51+8XP?D
5LB?CAE? &?BFCJ=AFE4WQ+7`!#\Z_TQ^_[TH![#[]YTT!IN=?B
9@FD@?BBAS?
8PED
EFE"AE=?@CLO?
AE=?@CLO? &?BFCJ=AFE4WQ+7`!#YTTQ^TTH!Z^[TTTT!IN=?B
8IGP
(58,%,$+ 8BJI " -JI#H!-JIYH!-JIZ
8B@= "
18 22FEV7714
!"#$%&'
. . . J@X/E.36./A(3B?=3/@A.J>A?>E(P%,9'%"#.,'+.36.@".?&%"#.TW.60$,T<. *FEE?O=!=>?!OADL@?==?!CAD>=?@!PCJD!OLIC?!=F!=>?!OADL@?==?!CAD>=?@!BFOU?=!F<!NFJ@!OL@!F@!L!OLIC?!MA=>!OCAPB!=F!
=>?!IL==?@N!F<!OL@H!GLUAED!BJ@?!=F!FIB?@S?!=>?!OF@@?O=!PFCL@A=N8
W<. 9CJD!=>?!F=>?@!BAK?!F<!#Y!SFC=!OLIC?!=F!(*!#Y!BFOU?=!L=!=>?!ILOU!F<!=>?!$38!$>?E!=>?!B=LEKIN!0'(!CAD>=B!JP8
b<. 9@?BB!=>?!c [email protected]@!L!EJG?@AO!IJ==FE!FE!=>?!@?GF=?!OFE=@FC!F@!P@?BB!=>?!OFE=@FC!BMA=O>!C?<=!
BAK?!F<!=>?!$38!$>?!$3!MACC!=>?E!BMA=O>!FE8
Z<. 6KXJB=!<F@!I?B=!PAO=J@?!=>@FJD>!LE=?EEL!PFBA=AFE!F@!B?=!$3!O>LEE?CB!LDLAE!A<!E?O?BBL@N8
(P%,9'%"#.,'+.36.@**T<!!!9@?BB!=>?!c d!IJ==FE!FE!=>?!@?GF=?!OFE=@FC!F@!>FCK!=>?!OFE=@FC!BMA=O>!FE!=>?!$3!JE=AC!A=!B>J=B!KFME!H!BF!
=>?!$3!MACC!BMA=O>!=F!B=LEKIN!GFK?8
W<.!)EPCJD!OLIC?!OFEE?O=F@B!LEK!PFM?@!PCJDB8
>33!A3/@AI.#Y!3!,EPJ=!`
V+
V+
V-
V-
8
22FEV7714 19