Basbakanlik Mevzuati Gelistirme Ve Yayin Genel Mudurlugu
Basbakanlik Mevzuati Gelistirme Ve Yayin Genel Mudurlugu
Basbakanlik Mevzuati Gelistirme Ve Yayin Genel Mudurlugu
()*+,-./01-2*3/2/045*67089:72*7.;*</.4=:/042>/?*;/@/84.:/042>/*39*</.4=:/*902/042>/*-.A=/2*B/3/*8/B.719*39
9:7=*0-CA2./C424*39*DA*0-CA2./C*0-2AEA*-.A=/D7.9E9;*D-CA*@/8./:/./C424*92F9..9:9;*7<72*;A../24./2*3/2/./C4?
3)*G98*/;4:5*H(;09;*B4,.4*0A*/;4:424?
1)*I/2/.7,/01-2*07089:75*J1C4;*07089:>9*9309.*39K391/*92>(08C719.*/84;0A./C4*/1C4?*1/L:AC*0A./C424*/1C4M*D7.9=7;
07089:>9*709*D(8(2*/84;0A./C4*D7C.7;89*8-@./:/1/?*A,/;./=84C:/1/*39*/C48:/*89070.9C729*7.98:919*1/C/1/2*D7CD7C.9C7*7.9
D/L./284.4*D-CA*1/*>/*;/2/../C>/2*-.A=/2*07089:7?
,)*I/84*:/>>9*:AB893/045*J84;0A1A2*7<72>9;7*/0;4>/*39*<N;9.92*;/84*:/>>9.9C72*8-@./:424?
//)*I/378/01-25*6434*/;4:42>/;7*D/042E42?*DAB/C./=:/*D/042E4*>9L9C7272*/.842/*>(=:907*39*DAB/C*[email protected]
-.A=:/1/*D/=./:/0424?
DD)*I-28C-.*D/E/045*J;4:42*;-28C-.*9>7.:90727?*;/2/../C>/2*F/,*8/B.7190727?*;/2/../C42*/9C-D7;*;-=A../C>/
;/.:/0424*39*;/2/../C*84;/2>4L42>/*/<4.:/04*7<72*1989C.7*</.4=:/*/./24*0/L./1/2*1/@4./C4?
EE)*IA;/5*I/2/.7,/01-2*07089:72>9*:91>/2/*F9.92*84;/24;.4;./C42*1(;09;*D/042<.4*0A1A2*78:9*39*@/C</./:/
98;707*@C9207D71.9*F7>9C7.:90727*39*8/B.719*9>7.9D7.:90727*0/L./1/2*89<B7,/84?
<<)*I(0;(.(;*,9:725*69C8*39*1A:A=/;*;(0;(.(;*,9:72.9C*-.:/;*(,9C9*7;719*/1C4./2?*;(0;(*7.9*;/,4242
1/@4./D7.9E9L7*,9:72.9C7?
>>)*O/C09.*D/E/045*O/C09.*D/L./284*;/2/.4242*;/2/.7,/01-2*07089:72>9*/2/*;/2/./*D/L./2>4L4*1/@414?
99)*O7;*>9D75*H4.*7<72>9;7*:/;07:A:*0//8.7;*>9D717?
PP)*O719,-:98C9*<7,F7075*Q29CR7*1(;09;.7;.9C7272*A<./C424*D7C.9=87C92*929CR7*<7,F707272*STKTF*;/>/C*/=/L4042>/2
<7,7.92*<7,F717?
FF)*O-:@/*708/01-2A5*I/2/.7,/01-2*07089:72>9*/84;0A1A2*>/B/*1(;09;*D7C*;-8/*8C/20P9C7*7<72*F9C9;.7*929CR717
0/L./1/2*07089:.9C72*DA.A2>ALA*1/@414?
LL)*O-,787P*D/042<.4*07089:.9C5*J84;0A1A2*;/12/;8/2*/.4E4*-C8/:/*391/*/C48:/*89070729?*07089:>9*-.A=8ACA./2
@-,787P*D/042<*7.9*7.987.>7L7*07089:.9C7?
BB)*[email protected]:95*JC/,7*(,9C72>9*890@78*9>7.92*D7C*2-;8/242*708927.>7L72>9*;-./1.4;./*DA.A2/D7.:907*391/*DA
2-;8/242*;/1D-.:/04*B/.72>9*2-;8/242*1927>92*890@78*9>7.9D7.:907*/:/E41./*2-;8/242*1/;4242>/;7*0/D78*89070.9C9*-./2
1/8/1*A,/;.4;./C42*N.<(.9C9;*D7C*;C-;719*D/L./2:/04*7=.9:727?
44)*6EB:A8,>9E;9*8/D/;/045*V7;C-D71/.*D(1(:9>92*;/12/;./2/2*D71-P7.:*8/D/;/0424?
77)*69>7:9285*W(=(;*B4,./C>/*;/2/.*>7D729*<N;9.9C9;*D7C7;92*:/.,9:917?
RR)*69@87;*;-=A../C5*X;07R9207,*-C8/:4?
;;)*6(C8(2:9*;/1D45*Y-CA*07089:.9C7*D-1A2E/*0434242*0(C8(2:9*0-2AEA*;/1D9887L7*929CR717?
..)*Z93.7*;/,45*[/.4=:/*1/@4./E/;*/./2>/*;/,4*1/@4.4C;92?*/.42*>(,.9:7272*1/8/1*>(,.9:.9*>/C*/<4*1/@/E/;
=9;7.>9*;/,4.:/0424?
::)*Z(8.(*D/E/5*6-;/;*9L7:.9C7272*;/2/../C*7<72*;/DA.*9>7.92*:/;07:A:*9L7:.9C>92*>/B/*P/,./*-.:/04
>ACA:A2>/*391/*P/C;.4*;-8./C>/2*F9.92*B/8./C42*(,9C72>9*>(=(.9C*1/@4./C/;*708927.92*9L7:.9C7*9.>9*98:9;*7<72*;A../24./2
D/E/./C4?
22)*\/B.719*3/2/045*I/2/.>/;7*0A1A*D-=/.8:/;*7<72*;A../24./2*3/2/14?
--)*\/.7*D/L./2845*]929.*-./C/;*;/@/078907*D/;4:42>/2*D/L./2>4L4*D-CA>/2*>/B/*/,*N29:>9*39*D(1(;.(;89*-./2
D/L./28414?
NN)*\/.7*;/2/.5*I/2/.7,/01-2*D/L./284*;/2/.4*7.9*/2/*;/2/../C*/C/042>/;7*D/L./284*D-CA./C424?
@@)*\90@78*;78.9075*]9C9;*E/,7D9.7?*F9C9;09*89CP7.7*B/8./C>/?*D-CA./C42*B/C9;98*98:90727*92F9..9:9;*39*/124
,/:/2>/*D-CA./C42*(,9C72>9;7*>-.FA*8-@C/L424*8A8/D7.:9;*7<72*D-CA./C42*,9:729*0/D78.92:907*/:/E41./*;A../24./2?
D98-2*391/*D/=;/*:/.,9:9>92*1/@4.:4=*D.-;./C4?
CC)*S/;A:.A*;/2/.7,/01-2*07089:75*J84;0A1A2*;/12/;8/2*/.4E4*-C8/:/*391/*/C48:/*89070729?*07089:>9*-.A=8ACA./2
29F/87P*D/042<*7.9*<9;7.>7L7*07089:.9C7?
00)*H/8/;./:/5*I/,4*8-@C/L4242*>-.FA*7<72*9.39C7=07,*-.:/04*>ACA:A2>/?*;/2/.*>9C72.7L7272*/C84C4./C/;*;ACA
>-.FA*:/.,9:907*09C7.:907*7.9*D-CA./C42*19C.9=87C7.9E9L7*,9:7272*B/,4C./2:/0424?
7P/>9*9>9C^
_`_ab_cdefgh
ijkjlcmnonlopcqljcirsjptoucvjwqxqcyjc̀jkzc{lokloxon|koc_lq}~qkcmnonlop
ijkjlcjnonlop
hmcc*)*I/2/.7,/01-2*07089:.9C7272*@./2./2:/04?*8/0/C4:4*39*@C-R9.92>7C7.:907?*1/@4:4*39*7=.987.:907
0(C9E72>9M
/)*[93C909.?*0-01/.*39*9;-2-:7;*/<4>/2?*0/L.4;*39*F(392.7;*C70;.9C7*/0F/C7*>(,91>9*-./E/;*=9;7.>9?*>-L/.
;/12/;./C42*;-CA2:/04?*0(C>(C(.9D7.7C*92*717*07089:72*8/0/C./2/C/;*92*A1FA2*=9;7.>9*7=.987.:907?*D/;4:*39*-2/C4:4242
0/L./2:/04?
D)*I/2/.7,/01-2*07089:7272*<93C9*(,9C72>9;7*-.A:0A,*98;7.9C727*92*/,/*72>7C:9;*7<72*F9C9;.7*8(:*89>D7C.9C72
/.42:/04?
E)*J84;0A*;/2/.4*B7>C-.7;*;/@/078907272?*0A*D/0;42./C424*/,/:7*PC9;/20./C./*0424C./2>4C/E/;*>(,91>9*39*89070
N:C(*D-1A2E/*N2FNC(.9D7.92*/C84=./C4*0/L./1/E/;*=9;7.>9*09<7.:907M*07089:>9*/C4,/*C70;7*-./2*D7.9=92.9C*3/C0/?*DA
()*+,+-*+.)-/0.120/3045061/78.858-70/9+.:+;*+,+()*+<+;/68/(06;1-*0.1-1/+-/020/)-7).5+;/30/70/=.>070-/;0*71.50;/):)-
9+.+;+-/?-*+5*+.)-/0*1-5061@
:A/B0-0*)2063=-/6)6>+5)-)-@/(0;15/C+/=-0.15/),*+5*+.)-)-/9DC+-*)/C+/4+.6=-+*/0:161-70-/60E*1;/.)6;)
=*8,>8.5070-/3D.D>D*5+6)-)/60E*030<0;/,+;)*7+/4*0-*0-5061@/>060.*0-5061/C+/)-,0/+7)*5+6)@
7A/FD2+36+*/68*0.1-/C+/3+.0*>1/68*0.1-1-/;=.8-5061@
+A/B0-0*)2063=-/6)6>+5)-)-/)6>+-5+3+-/;=;8*0.1/C+30/2+G).*)@/40>*031<1/C+/0,1-71.1<1/902*0.1/+-9+**+3+<+;
,+;)*7+/>060.*0-5061@/)-,0/+7)*5+6)@/(0;15/C+/=-0.151/60E*0-0.0;/),*+>)*5+6)@
HA/B0-0*)2063=-/6)6>+5)-)-/9D.D*>D/C+/>)>.+,)5)/+-/020/)-7).+<+;/,+;)*7+/>060.*0-5061@/)-,0/+7)*5+6)@/(0;15/C+
=-0.151/60E*0-0.0;/),*+>)*5+6)@
9A/B0-0*)2063=-/6)6>+5)-7+/;8**0-1*0-/50*2+5+/C+/(8-*0.1-/30415/5+>=>*0.1-1-@/;03-0;/)6.0H1-1/+-/020
)-7).+<+;/,+;)*7+@/(8/()*+,+-*+.)-/>060.15/?5.D-D@/>+;.0./;8**0-151-1/C+/9+.)/7?-D,D5D-D-/G+60(0/;0>1*0.0;/6+:)*5+6)@
EA/B0-0*)2063=-/6)6>+5)-)-/>060.151/C+/),*+>)5)-)-@/6)6>+5)-/?5.D/(=38-<0/;8**0-1*0-/+-+.I)3)/+-/020/)-7).+<+;
,+;)*7+/3041*5061@
GA/B0-0*)2063=-/6)6>+5)/C+/>D5/()*+,+-*+.)-)-@/JK/31**1;/>060.15/?5.D-D/60E*030<0;/C+/?5.D-D/>0505*071;>0-
6=-.0/:+C.+/D2+.)-7+;)/+>;)*+.)-)/+-/020/)-7).+<+;/,+;)*7+/>060.*0-5061@/)-,0/+7)*5+6)@/(0;15/C+/=-0.151/60E*0-0.0;
),*+>)*5+6)@
1A/B0-0*)2063=-/6)6>+5)-)-@/0>1;6838-/;0-0*/):+.)6)-7+/;0>1/5077+/().);)5)-)/+-9+**+3+<+;/G1270/0;5061/C+/+-
8398-/-=;>070-/>0G*)3+/+7)*5+6)/):)-/9DC+-*)@/+;=-=5);/C+/:+C.+6+*/0:170-/8398-/>060.*0-5061@/)-,0/+7)*5+6)@/(0;15
C+/=-0.151/60E*0-0.0;/),*+>)*5+6)@
)A/B0-0*)2063=-/6)6>+5)-)-/C+/30.715<1/3041*0.1-1-/3041*0<0;/>+6>*+./;046051-70/61271.502/=*5061@
IA/L*0-*050@/>060.15/C+/4.=I+*+-7).5+/0,050*0.1-70@/;0-0*)2063=-/;0406)>+6)-)-/2050-*0/0.>5061-0/-+7+-
=*0()*+<+;/8-68.*0.1-/(+*).*+-5+6)@/3+-)/()./3041-1-/)-,0/+7)*5+6)/C+30/828-/C07+7+/9+.:+;*+,>).)*+<+;/3041*0.1-
;0406)>+3+/=*0-/+>;)6)-)-/0-0*)2)-)-/3041*5061@/0*>3041/6)6>+5*+.)-)-/?5.D/>0505*0-5070-/;0-0*1-/;0406)>+/0.>>1.151-0
9)7)*5+5+6)/):)-/,+G)./C+/(?*9+/4*0-*0.1/)*+/83858-8-/60E*0-5061@
;A/B0-0*)2063=-/6)6>+5*+.)-)-/4*0-*0-5061/0,05061-70/03.1;/6)6>+5*+.)-/>+.<)G/+7)*5+6)@
*A/M+6)6)-/),*+>)*5+6)@/(0;15/C+/.+G0()*)>063=-8/61.061-70/=*8,0()*+<+;/58G>+5+*/),/60E*1E1/C+/9DC+-*)E)
.)6;*+.)-)/+-/020/)-7).5+;/):)-/9+.+;*)/>+7().*+.)-/0*1-5061@
5A/N,*+>5+/0,05061-70/;0-0*1-/4+.H=.50-61-1-/4+.)3=7);/=*0.0;/7+-+>*+-5+6)/C+/9+.+;*)/)3)*+,>).5+*+.)-
3041*5061@
+606>1.O
PQA/R>1;68/>+;-);/0*>3041/6)6>+5*+.)-)-/4*0-*0-5061@/>060.151/C+/4.=I+*+-7).)*5+6)/)*+/)*9)*)/>+;-);/+606*0./)*+/(8
>+6)6*+.+/0)>/>)4/3=*/+-;+6)>*+.)/SBTUV7+@/3041513*0/)*9)*)/>+;-);/+606*0./SBTQV7+@/),*+>5+/C+/(0;151/)*9)*)/>+;-);/+606*0.
SBTJV7+/(+*).>)*+-/,+;)*7+/8398*0-1.O
PJA/W8/F?-+>5+*);/C+/+;*+.)-7+/3+./0*5030-/C+30/(+*).>)*5+3+-/G8686*0.70@/?-<+*);*+/MXS/6>0-70.>*0.1/3=;60
RC.840/W).*)E)/PSYA/6>0-70.>*0.1/9+:+.*)7).O
Z[\]^_`abc]defe
ghiijbkblbPUA/R*>3041/0E*0.1-0/)*),;)-/9D2+.90G/4*0-*05061-70@/)*+>)5/G0>*0.1-1-/>+6<)*+/>0()/=*5030-
;058-8-/=.>0;/;8**0-151-0/(1.0;1*51,/0.02)*+.7+-/C+/7+C*+>)-/GD;D5/C+/>060..8H8/0*>1-70;)/60G)46)2/3+.*+.7+-
9+:).)*5+6)-+/?-<+*);/C+.)*).O
PQA/mD2+.90G1-/>+6<)*+/>0()/=*5030-/;058-8-/=.>0;/;8**0-151-0/(1.0;1*51,/0.02)*+.7+-/C+/7+C*+>)-/GD;D5/C+
>060..8H8/0*>1-70/(8*8-0-/3+.*+.7+-/9+:).)*5+6)/=*0-0;*1/7+E)*6+@/>=4*050/G0>*0.1/?2+*/5D*;)3+>+/;=-8/>0,1-502*0.70-
70/9+:).)*+()*).O/W8/78.8570@/)*+>)5/G0>*0.1-1-/.06>*071E1/>0,1-502*0.1-/5D*;)3+>)n/)*9)*)/5+C280>/830.1-<0/0*>3041
30>1.151/3040-/;8.85/C+/;8.8*8,/>0.0H1-70-/.120)/60>1,@/7+C).@/>0G6)6@/;).0*050@/).>)H0;/G0;;1/>+6)6)/C+30/;058*0,>1.50
3?->+5*+.)3*+/+7)-)*).O
PJA/N.>)H0;/G0;;1n/QQoUUoQppU/>0.)G*)/C+/qrQU/6031*1/MD.;/s+7+-)/B0-8-8-0/9?.+/.120)/5+<.0/).>)H0;1/():)5)-7+
C+30/70C0/3=*8/)*+/2=.8-*8/5+<.0/).>)H0;1/():)5)-7+/C+30/qoUUoUtuJ/>0.)G*)/C+/QtqQ/6031*1/B058*0,>1.50/B0-8-8-0
9?.+/)70.)/).>)H0;/():)5)-7+/>+6)6/+7)*+()*).O
PqA/N.>)H0;/G0;;1@/>=4*050/G0>*0.1-0/.06>*030-/40.6+*/;+6)5*+.)-7+/0*>3041/30>1.15<161/?2+*/G8;8;/>D2+*/;),)*+.)
*+G)-+/(0E15612/C+/6D.+;*)/D6>/G0;;1/3=*83*0/70/;8.8*0()*).O/W8/78.8570@/>=4*050/G0>*0.1-1-/9+:>)E)/G0;/G0<)5*+.)/>048
;D>DED-7+/>0,1-502/=*0.0;/>+6<)*/+7)*).O/M=4*050/G0>*0.1-1-/>+6<)*+/>0()/=*5030-/3+.*+.+/.06>*05061/78.858-70/)6+/qrQU
6031*1/B0-8-/830.1-<0/(8/3+.*+.)-/?-<+*);*+/G02)-+/071-0/>+6<)*)@/0.71-70-/(8/0*0-*0.70-/9+:+-/0*>3041/>+6)6)/;8.8*8,*0.
*+G)-+/(0E15612/C+/6D.+;*)/-)>+*);>+/D6>/G0;;1/;8.8*5061/3=*8-0/9)7)*+()*).O
PKA/R.02)/+7)-)5)-7+@/;058*0,>1.50/3?->+5)-+/+-/6=-/0,05070/(0,C8.8*8.O/B058*0,>1.50/50*)3+>)-)-
020*>1*5061/):)-/3+.+*/3?-+>)5*+.*+/;==.7)-063=-/60E*0-1.@/JoKoUtuK/>0.)G*)/C+/JUtq/6031*1/N50./B0-8-8-8-/Uu/)-<)
5077+/8398*05061/3041*0.0;/;058/+*)-+/9+:5),/0*0-*0.70;)/30>1.15*0.0/?-<+*);/C+.)*).O
PvA/R.02)/5D*;)3+>)-)-/+7)-)5)-7+/C+30/;8**0-151-70/0*>3041/30>1.151/3040-/;8.85/C+/;8.8*8,8-/(0E*1/=*78E8
5+C280>/)*+/+7)-)*+<+;/0.02)-)-/5D*;)3+>/C+30/>060..8H/60G)()/;8.85/C+/;8.8*8,8-/(0E*1/=*78E8/5+C280>/GD;D5*+.)-+
9?.+/),*+5/3041*1.O
w]xybz{`x{`f`c|be{]by]}xe}b̀{y~`z|bz{`x{`f`c|be{e}ecex]b`e^b]c`c{`^
)*++,-.-/0123045678609:;<9=>0=:97:9?>08:508@9?0=:97:9?>0A8?:86;50B506CC?D875:80C:9?960E9F>?:97>?G
1H30I:97:9@90JK?5L808M87D50;5678609:;<9=>069=9J8;50E5J9=:9?>0B50AN0DCO?N:;ND90P75?8:@5J80Q5?56570;567860DC79;>
9:97:9?>R08:Q8:80657;0=:97>7>707KSNJT056C7C@860<9=>T0J56;P?5:0D9O>:>@T0JCJ<9:0<9=>T0<5?:5U@5068@:86:5?80B5069D5@5:5?8
A9O:9@>7D90AK;K7:5U8606N?QN:97>?0B50=:97:97>?G
1V30W57;0=:97:9@90B50N<QN:9@90JK?5L87D50C:9J>0D5O8U86:86:5?T0?5B8F<C7:9?0@N;:9690657;J5:09:;<9=>0J8J;5@8787
?5B8F<C7N08:50AK;K7:5U860A8?0JK?5M08M87D505:509:>7>?0B50E5?086809:979098;069?9?:9?0AK;K7J5:0A8?0U568:D50<578D570;97>@:97>?
B50N<QN:9@90JK?5M:5?80Q5?56:805UQKDK@0J9O:979?960<P7:57D8?8:8?G
1X30Y:9U>@096J:9?>Z<KF5<:5?80B508:Q8:80;5678609:;<9=>0Q5M8U0E9;:9?>0=:97056:5?80C:9?960N<QN:9@908@9?0=:97:9?>
A5?9A5?87D50B5?8:8?G0Y<QN:9@908@9?0=:97:9?>05680C:9?960=:97:9@90J>7>?>08M87D50P75?8:@8U0C:970<C:065J8;:5?87870MPFK@:5?8T
9?9M08F:5?8T0C?;90B50<C:06579?>0?5SK[:5?T0A8J86:5;T0<9<90<C::9?>0B50=9?6:97@90U5?8;:5?808:50<C:069=:9@90L87J:5?80;97>@:97>?0B5
8:Q8:80\D9?5<50=:97:90A8?:86;50;5J:8@05D8:8?G
1]30Y:9U>@0B50;5678609:;<9=>0A8:5U57:5?87870A5:8?:5<8L8:8O80B50=560MC60657;J5:0SC76J8<C7:9065J8U5708:8U68J80V
AC<N;:N0=:97:9?0C:9?960D909D:97D>?>:9709:;<9=>0B50657;J5:0@56^708:8U68:5?87806N?QN:9<970=:970A5:Q5:5?8<:50;97>@:97>?G
930_C:0@56^7:9?>7>70;9J9?>@>7D90;5678609:;<9=>0;5J8J:5?87870Q5?56J878@:5?80D8669;509:>79?960;5678609:;<9=>
;5J8J:5?80E5?0970N:9U>:9A8:8?0A8M8@D50;9J9?:97>?G
A3049U>;0B50<9<90<C::9?>08@9?0=:97:9?>7D90AC<N;:97D>?>:>?6570AN7:9?>709:;>790<5?:5U;8?8:5L560;5678609:;<9=>
AC<N;:9?>0D90D8669;509:>7>?G
L30W979:8F9J<C70;5J8J:5?87870<5?:5U;8?8:@5J808M87056C7C@860B50<9J9:0FC?N7:N:N6:9?075D578<:5069@NJ9:09:97:9?
6N::97>:>?G0W979:0U5A565J87870;5J8J87D50;C=CO?9S8606CUN::9?075D578<:50L9DD50B50JC696:9?>70=:97:97@9J>7D90FC?:9<>L>
7C6;9:9?>70C:NU9A8:5L5O80ENJNJN0D8669;509:>7>?G
M3045678609:;<9=>0;5J8J:5?87870KJ;K7D5680<C:T0<9<9069:D>?>@>T0A8J86:5;0<C:N0B50=9?6:97@90U5?8;:5?8787
69=:9@9:9?>7>706C:9<:>6:90JP6K:5A8:8?0B50;56?9?06N::97>:9A8:8?0C:@9J>790P75@0B5?8:8?G
1`30aN0_P75;@5:860B5056:5?87D50Q5M570E5?0;K?:K0AK<K60P:M56:80E9?8;90B50E9?8;90A8:Q8:5?87870K?5;8@8T0JN7N@NT
6N::97>@>0B509?9F8D50<9=>:9L960[5CD5F860P:M@50M9:>U@9:9?>7908:8U68706C7N:9?D90HVZ̀ZHbb]0;9?8E:80B50Hbb]Zcbdb0J9<>:>
a9697:9?0WN?N:N0W9?9?>08:50<K?K?:KO506C7N:970aK<K60e:M56:80f9?8;90B50f9?8;90a8:Q8:5?80g?5;8@0_P75;@5:8O80Q5M5?:8D8?G
hihjkh-lmnh)
,opoq-rstustvt-wx-yz{z|zszox-,}t}st~
xuxs-x}t}st~
)*++,--/01230W979:8F9J<C70=?C[5:5?80<5?5:0B50Q5:5L56;56806CUN::9?T0E8D?C:860B50M5B?5J5:05;657:5?08:50@9:8<5;
D8669;509:>79?960E9:60J9O:>O>0B50QKB57:8O8T08U0J9O:>O>0B50QKB57:8O8T0<9=>@T08U:5;@50B50A96>@09M>:9?>7D97
D5O5?:57D8?8:5?560=:97:97>?G
1H30;K;T0=:97:9@90B50S8F8A8:8;50M9:>U@9:9?>0;K@09;>6JN0;C=:9@90E9BF9J>08M870Q5?M56:5U;8?8:8?G0I:97:9@909U9@9J>T
9;>6JN0;C=:9@90E9BF9J>7D90ANQK70B50Q5:5L56;5680Q5:8U@5:5?08:50N:NJ9:0B5<90<5?5:0@5BFN9;08:508:Q8:80\D9?5:5?870E9BF9
<P75;8@0=:97:9?>0B50@9J;5?0=:97:9?>0D8669;509:>79?960<9=>:>?G0aN09@9M:906979:8F9J<C70=?C[5:5?87870;97F8@8R
9305?8:5?870;5@8780B50D5?:57@5J8T
A30;K;0B50S8F8A8:8;50M9:>U@9:9?>7>70<9=>:@9J>T
L305O5?:57D8?@5T
M30I:97:9@9T
D30I:97>70Q5:8U;8?8:@5J8T
9U9@9:9?>7D970C:NUN?G
1V30W979:8F9J<C70J8J;5@:5?87870C:NU;N?N:@9J>7D9T06979:D90<5;5?:80@86;9?0D5A87870J9O:97@9J>T0J8J;5@870M5B?5J5:
B5056C7C@860C:9?960JK?DK?K:5A8:8?0C:@9J>T08U:5;@506C:9<:>O>0J9O:9@9J>0B50;K@06C7;?C:0@56978F@9:9?>7>069=J9@9J>
5J9J;>?G
,opo
)*++,-
-/01230;KDK709@9L>790N<QN70A8?0B5?80;5@8780B50D5?:5@5J8780<9=@9608M8706979:8F9J<C70J8J;5@8
E966>7D90Q5M@8U0;5L?KA5:5?T0B9690?9=C?:9?>0B50D8O5?0A8:Q8:5?0D8669;509:>7>?0B50D5O5?:57D8?8:8?G0aN069=J9@D9R0AC?N
;>697@9J>T06979:D9680MP6@5:5?T0<9?9:97@9:>0B50P:K@LK:0?8J6:5?T069=9:>0D5B?50;5:5B8F<C7069<>;:9?>01430B50QP?J5:
B5?8:5?T06C6N<90A9O:>09;>6JN0U869<5;:5?8T0E8D?C:860=5?SC?@97J0979:8F:5?8T0@569786Z5:56;?C7860568=@97>70=5?SC?@97J>0B5
96>U0DN?N@NT06979:>709U>?>0<K6:57@5J80Q8A80B5?8:5?05;K;0P7L5J80D5?:578?G0W979:0<578:5@50M9:>U@9:9?>7D90<9=>:9L9605;K;;5
J8J;5@870<9U>T0<5?80B50;8=8T087U9J>7D906N::97>:970@9:F5@50B50@5;5C?C:C[860N7JN?:9?0D8669;509:>7>?G
1H305BLN;09:;<9=>0J8J;5@80E966>7D90B5?8:5?870;5@8780B50D5?:57@5J8069=J9@>7D9R
930W979:8F9J<C7N70<9=>@>7D906N::97>:970@9:F5@578708@9:9;0<>:>T06C7N@NT0AC<N;:9?>T0U56:80B50;K?KT
A30a9L9:9?>70D5?87:8O80B50J5B8<5J808:50A8?:5U8@0J5B8<5:5?8T
L30W979:8F9J<C70J8J;5@:5?87870A8?:5U8@0<5?:5?878706C7N@NT
M30f5?E97Q80A8?0PF5:0;5J8J870D5;9<:9?>7>08M5?57T0;9E:8<507C6;9:9?>0B50=C@=90;5J8J:5?80Q8A80<9?D>@L>0<9=>:9?>7
DKF578T
D30\:Q8:80\D9?5:5?D5709:>79L9608F87:5?0B50<5?5:0U9?;:9?T
5305M@8U08U:5;@5T0A96>@T0<9=>0B50QKB57:860P7:5@:5?8T
S3048L9?80B5057DKJ;?8<5:09;>6JN:9?>70L87J80B50@86;9?>T
)*+,-./01+20345607+2-89:69/9694+;-+20345607+/53-66-4<
=*+,-./01+.-;4-8-6+->70+3-=-46-?304/-6-40<
2*+@-;AB>+79?960C98D5?+3B4B/B<
E*+F6EAE+54>9/+7960>-80+;-+7B669?E/E<
0*+G-496>E+8BDB+8-;0D-80+;-+97E1+DH?6-40+06-+2EC694E<
I*+J?K06>498D5?+79:980>-80+;-+C-/0?+751B6694E<
7*+G-496>E+8BDB+754B/9+969?694E<
6*+F>E78B+79497>-40C98D5?B<
/*+L?)H4M6-?+D-?0+)-601/-+969?E+;-D9+29;C9+969?E+0.0?3-70+D-?03-?+)-601-N06-A-7+NH6)-6-4<
2977E?39+>M/+N06)06-4+>5:69?E4+;-+3-46-?04O
PQ*+@-;AB>+N06)06-40?+3-46-?/-80?0?+943E?39?<+:45N6-/0?+79:89/E+N-6046-?04+;-+>M/+29;C9+969?E?E?+->M3M?-
DH?-607+N04+.96E1/9?E?+D9:E6E:+D9:E6/9D9A9=E?9+79494+;-40604O+RB+919/939?+85?49<+20345607<+.-;4-8-6<+D9:E896+;-+016->/-
06-+06)060+0?A-6-/-?0?+79:89/+;-+3->9D694E+N-6046-?04O
PS*+T>M>+.96E1/9694EU+/-;AB>+96>D9:E+808>-/0?0?+D9:E896+NM>M?6M=M?M+->706-D-?+B?8B4694+9498E?39+D-4+969?
.9>697694<+3-K54/98D5?<+79D/E1+N9=69?>E+?57>9694E<+7B8B46B+N9=69?>E694<+9=9.+7H76-40<+.H7-6/01+>54>B694<+D9:E1/E1
>54>B694+;-+30=-4+B?8B4694E?+8-N-:+563B=B+>E79?E76E7694<+)H.M7<+N9A9+;-+75?>456+539694E?3970+854B?694<+/-79?07+29894+;-
70/D9896+/933-6-40?+->7080+)0N0+>M/+B?8B4694E+0.-404O
PV*+T>M>+;-+K0C0N060>-+.96E1/9694E?39+/-;AB>+016->/-+:458-3M46-40<+3-?->6-/-+:45)49/694E+;-+N97E/+:69?694E
>9?E/69?E4+;-+N-6)-6-?04O+WE79?/9694<+:5/:9+08>98D5?B+94EC9694E<+79?960C98D5?+)H.M76-40+)0N0+016->/-3-+79DE>6E
569D694E?+8E76E=E+;-+75?B/B+3-46-?04+;-+>-749469D9?+H?-/60+016->/-+:45N6-/6-40?0?+8-N-:6-40+0?A-6-?04O
XYZ[YZ\Z
]^__`abac+Pd*+e96E1/9+969?E?39+/-;AB>+;-+D-?0+D9:E69A97+79?960C98D5?+808>-/6-40?0?+:45I-6-?30406/-80?-
DH?-607+:69?69/9+.96E1/9694E+79:89/E?39+79?960C98D5?+808>-/0?-+060170?+-75?5/07+;-+>-7?07+7941E691>E4/9694+06-
016->/-+7569D6E=E+)HC+H?M?3-+NB6B?3B4B69497+96>-4?9>0K+808>-/6-4+N-6046-?04<+-?+DM78-7+K9D39DE+-?+3M1M7+/960D->6-
89=69D9A97+:45I-?0?+8-.0/0+0.0?+K9D39+/960D->+9?960C0+BD)B69?E4+;-+H?-40+808>-/+)-601>040604O
Pf*+F>E78BDB?+A9C0N-+06-+06->0/0?0?+>5:5=49K07+569497+/M/7M?+56/93E=E+D-46-43-+>-4K0+/-47-C0+D-40?0?
8-.0/0?3-<+I-565I07+3B4B/<+79CE+/07>94E<+>917E?+3B4B/694E+)HC+H?M?3-+>B>B69497+-75?5/07+N04+.HCM/+8-.0604O
PQ*+g9/B691>E4/9+;-+>92808+3B4B/B+30779>-+96E?9497+79?960C98D5?+89?9>+D9:E694E?E?+D-46-40+06-+06->0/+29>694E?E?
)-.016-40?-+060170?+79/B691>E4/9<+>92808+;-+)-.01+0C?0+3B4B/694E+9491>E4E69497+/-;AB>+N-6)-6-4+49:549+-76-?04O
PS*+h691E/+0/7i?694E+;-+N-76-?-?+:5>9?80D-6+/-;80/607+7E8E>69/9694+)HC+H?M?3-+NB6B?3B4B69497<+->M>
79:89/E?3970+M?0>-6-4-+D9:E/<+/96C-/-+?9760<+N97E/+;-+016->/-+9/9.6E+B691E/+0/7i?694E+9491>E4E69497+)-4-7/-80
2960?3-+8-4;08+D56B+D9:E6/98E+;-D9+/-;AB>+D56694E?+0D06-1>0406/-80?-+DH?-607+H?-406-4+D9:E6E4O+G-?0+D9:E69A97+;-D9
0D06-1>0406-4-7+:45I-6-?30406-A-7<+D97691E7+8-4;08+D56B+BCB?6B=B+;-40604O+h691E/+569?97694E?E?+9491>E4E6/98E?39+/-;80/607
7E8E>69/9694+39+>->707+-306-4-7+H?-406-4+)-601>040604O
PV*+T>M>+79:89/E?3970+M?0>-6-4-+)-4-7/-80+2960?3-+-?-4I0+>-/0?+?57>9694E?E?+?0>-6076-40<+-?-4I0?0?+>-/0?+1-760+;-
808>-/-+569?+BC976E7694E+;-+)MC-4)i2+HC-66076-40+N-6046-?04O
Pj*+k45I-+79:89/E?3970+>-8086-40?+D9:E69A9=E+969?694E?+C-/0?+HC-66076-40<+9491>E4/9+.B7B4694E<+)-4-70D5489+85?39I
7BDB8B+9.E6/97+8B4->0D6-+;-l;-D9+)HC6-/8-6+569497+N-6046-?04O+k45I-+919/98E?39+D9:E6/98E+)-4-7-?+C-/0?+.96E1/9694E
06-+06)060+H?-406-4+)->040604O+k45I-+89298E?39+3929+H?A-+)-4.-76-1>0406/01+C-/0?+.96E1/9694E+;94+08-+NB?69469+06)060+85?B.694
97>94E6E4O
mnonpnYnqrasratrurvYr[tnv\r
]^__`awxac+Pd*+W-7?07+DH?3-?+-?+BD)B?+808>-/0+8-./-7+0.0?U+9>E78B+3-N080<+>5:69/9+;-40/0<+D9896+9.E39?
BD)B?6B7<+808>-/3-+7B669?E69A97+/96C-/-?0?+?0>-60=0<+D9:E/+;-+016->/-+7569D6E=E<+79/B691>E4/9<+)-.01+297694E<+-?-4I0
>-/0?+;-+C-/0?+751B6694E<+808>-/0?+8M43M4M6-N060460=0+;-+N-?C-40+740>-46-4+)HC+H?M?-+96E?9497+>-7?07+3-=-46-?304/-6-4
D9:E6E4O
Pf*+T75?5/07+3-=-46-?304/-+79:89/E?39<+>-8086-40?+>92/0?0+067+D9>E4E/+/960D->6-40+;-+016->/-+)03-46-40+06-
>-8080?+)-4.-76-1>0406/-80?3-?+85?49+-63-+-306-A-7+)-6046-4+9D4E+9D4E+2-89:69?E4+;-+DE66949+)H4-+39=E6E/E+>9N65+2960?3-
;-40604O+y08>-/0?+793-/-60+569497+D9:E/E+:69?69?ED5489+NB+3B4B/+-75?5/07+3-=-46-?304/-3-+30779>-+96E?E4O
PQ*+g9?960C98D5?+20C/->6-40?0?+8B?B/B?39+06)060+7B4B/B?+/-;AB>+7B4B/896+D9:E8E<+>9N0+563B=B+/-;CB9><+HC-6
8-7>H4+79>E6E/+3B4B/B+3-=-46-?30406-4-7+0D06-1>04/-+H?-406-40+)-601>040604O+RB+9/9.69+N04+54)9?0C98D5?+1-/98E
56B1>B4B69497<+:-485?-6+89DE694E+;-+)H4-;6-40+>9?E/69?E4O+G-4-6+DH?->0/6-40?+/-;AB>+79:980>-6-40?0?+;-+D->-?-76-40?0?
3-=-46-?30406/-80+;-+7B4B/896+3MC-?0?+)M.6-?30406/-80+9/9AE+06-+7B4B/896+D9:E69?/9D69+06)060+H?-406-4+)-601>040604O
PS*+T?3M8>40D-6+9>E78BDB?+79D?97694E<+0C0?+;-406-?+75?89?>498D5?694E?+;-+3-194I694E?+91E6E:+91E6/93E=E?E?
3-?->0/0<+3-194I+60/0>6-40+;-+194>694E?+026960+)0N0+B?8B4694+39+30779>-+96E?9497<+BD)B?+:458-86-46-+94E>E63E7>9?+85?49+96EAE
54>9/9+;-406/-80+;-+BC97>9?+0C6-/-+808>-/0+06-+>-8086-40?+8M4-760+0C6-?/-80+89=69?E4O
PV*+T?3M8>40D-6+9>E78B+79D?97694E?E?+75?B/694E+;-+7046-?/01+DMC-D8-6+8B+79D?97694E+06-+9>E78BDB?+>M4M<+7960>-80<
/07>94E+;-+:5>9?80D-6+C9494694E+N-6046-?04O
Pj*+F6>D9:E+808>-/0?0?+20345607+9.E39?+>-7?07+569497+3-=-46-?30406/-80+79:89/E?39U+9>E78B+3-N080?3-70
896E?E/694<+8EC/9+3-N080<+N9A96943970+N516B769439?+)-.-47-?+56B19?+8EC/9+3-N080+;-+D9?6E1+N9=69?>E+?57>9694E?39+56B19?
()*+,-./01(1-.122,3/-,4)5)67
89:-;43<,=)-(1(3/+1515-<,=)(,4-,>).,5-/3?.?5./@-+/ABC3-,43<,=)5)5-<,D)-A/-2E5C+C@-0E6C-<,3,24,+,()-A/
>/A6/(151-1>/6/5-F/E3/2512-A/614/6-14/-+/ABC3-<,=)4,6)5-<,=)(,4-.C6C+C@-G?6?43?@-2E2C@-2H3?-GH6?53?-A/-+CI3/+/4
3E=6,2-2164141J1-G101-.1J/6->/A6/(/4-K,23H64/6-GH*-H5?5./-0C4C5.C6C4C67
8L:-M/J/64/5.16+/-2,=(,+)5.,-2,5,41*,(<E5-(1(3/+4/61515-<,=)(,4-.C6C+C-15B/4/5162/5@-1D-(,J4)J)-A/-G?A/541J1
14/-14G141-=6/5(1=4/6/-61,</3-/.14167
NOPNQRSQTUOVQW
XYZY[\]Y^_`ZTa\^bcd[ce\Z\ZTfY^YegdgThcTie`jc[cZk\e\[dc^\ZcTl[\mn\ZTo^Y^[Ye
pcZc[Tc^Y^[Ye
WqNNoTrrTs-8t:-;3)2(C-3E=4,+,-A/-C*,24,D3)6+,-(1(3/+4/61@-,4)B)-E63,+-A/-,3)2(C-,6)3+,-3/(1(1-?*/615./21
/3214/61-./-.,I14-E4+,2-?*/6/-2,5,41*,(<E5-(1(3/+1515-G?*/6G,I)@-3/6K1-1(3,(<E5C5C5-</61-A/-.1J/6-014/D/54/6
0/4164/5/6/2-(,J4)2-A/-G?A/5412-61(21-E4CD3C6+,<,B,2-D/214./-,D,J).,21-IC(C(4,6-.122,3/-,4)5,6,2-3,(,64,5)6-A/
=6EF/4/5.161416u
,:-;3)2(C-3E=4,+,-A/-C*,24,D3)6+,-(1(3/+4/615./5-2,<5,24,5,5-2164141J15-2E536E4?@->/A6/-+/A*C,3)5,-C<GC5
E4,6,2-(,J4,5)67-M122,3/-,4)5,5-/3214/615-I/+-2)(,-I/+-./-C*C5-A,./41-(E5C>4,6)-GH*-H5?5./-0C4C5.C6C4C67
0:-vE2C-/+1(<E54,6)5)-/5-,*,-15.16/014+/2-,+,B)<4,-(1(3/+@-1>/61(15./5-</3/615B/-I,A,-G/>1D15/-1*15-A/6/B/2
D/214./-3,(,64,5)67
B:-w1(3/+@-15D,@-1D4/3+/-A/-0,2)+-,D,+,4,6)5.,-<,6.)+B)-<,=)4,6-A/-.1J/6-,43<,=)-(1(3/+4/61-83/4/2E+?512,(<E5@
/4/[email protected],4G,*@-1>+/-(C<C-D/0/2/(1:-1>15-3/I412/-,6*-/3+/</B/2-A/<,-/3214/+/</B/2-D/214./-3,(,64,5)67
>:-w1(3/+./21-0E6C4,6@-+?+2?5-E4.CJC5B,-*/+1515-.EJ,4-/J1+4/61-3,21=-/./B/2-D/214./@-/2E5E+12-E4,6,2
+?+2?5(/-B,*10/41-D/214./-3,(,64,5)67-v,5,4-3,0,54,6)5.,-2,3)-+,../-016121+151-H54/+/2-1>15-</3/641-/J1+-A/614167-xE4
(/>1+15./@-+/ABC3-,43-<,=)-(1(3/+4/6151-/3214/</B/2-6E3,4,6.,5-2,>)5)4)67-xH5-./J1D1241J1-*E6C54C4CJC5.,-1(/-I,33)5
.EJ6C(,44)J)5)5-0E*C4.CJC-5E23,.,-14,A/-0,B,-</64/D31614/6/2-I,33,-.EJ6C(,44)2-2,*,5.)6)4)67
.:-;6,*1-.C6C+C5,-GH6/-,3)2(C<C-=E+=,4,+,2-1>15-016-A/<,-.,I,-K,*4,-=E+=,-1(3,(<E5C-2C44,5)4,014167-yC
.C6C+@-C*C5-A,./41-/5/6F1-1I31<,B)-GH*-H5?5./-0C4C5.C6C4,6,2-./J/64/5.1614167
/:-z1.6E412-3,(,6)+.,-2,5,44,6.,-(?6/241-,2)D-(,J4,<,B,2-(?6.?6?4/01416-016-(1(3/+-3,(,64,+,2-/(,(3)67-w1(3/+15
I1.6E412-3,(,6)+)@-,D,J).,21-IC(C(4,6-.122,3/-,4)5,6,2-{v|t}./-</6-,4,5-2613/64/6/-GH6/-<,=)4)6u
t:-;3)2(C-3E=4,+,-A/-C*,24,D3)6+,-(1(3/+4/61515-I1.6E412-2,=,(13/(1-0/4164/5162/5-/A(/4-,3)2(C-./014/61-A/-1*1541
31B,61~/5.?(361</4-,3)2(C-./014/61-GH*-H5?5./-0C4C5.C6C4C67
:-,(,6)+-./014/61-{v|t}/-GH6/-0/4164/5167
:-yE6C4,6)5-I1.6E412-2,=,(13/4/61-{v|t}/-GH6/-I/(,=4,5)67
:-,*10/41-(1(3/+4/6./-,D)6)-<?24/6/-+?(,./-/.14+/*7
K:-x,5G)5-(H5.?6+/2-1>15-2C44,5)4,5-A/-<?2(/2-+123,6.,-*,6,64)-2164/31B14/6-1>/6/5-(C<C5-2,5,44,6,-()*+,()-A/<,
.H2?4+/(15/-2,6D)-C<GC5-3/.0164/6-,4)5)67
G:-yE6C4,6@-</6,43)-(C<C5,-()*)53)-E4+,()5)-/5G/44/</B/2-D/214./-3,(,64,5)67
J:-,(,6)+.,@-I1.6EF/5-(?4K?6-A/-+/3,5-G101-*,6,64)-G,*4,6)5-E4CDC+C5C-A/-/3214/6151-/5-,*,-15.16+/2-1>15
G/6/241-3/.0164/6-,4)5)67
I:->+/-(C<C5,-2,5,41*,(<E5-()*)53)4,6)5)5-E4,014/B/J1-1I31+,415/-2,6D)4)2
-1>+/-(C<C-I,34,6)-.HD/5162/5-.,1+,
<,3,<.,-A/-.?D/<./-2,5,41*,(<E5-0E6C4,6)5.,5-C*,2-.HD/5167
):-y,B,4,6-A/-./5/31+-E.,4,6)@-0C-<,=)4,6)-2C44,5+,()-G/6/2/5-=/6(E5/415-C4,D,014/B/J1-5E23,4,6,-2E5C4C67
yC54,6)5-3,(,6)+)5.,-H*/44124/-+CI3/+/4-,B14-.C6C+4,6-GH*-H5?5./-0C4C5.C6C4C67-y16./5-K,*4,-,43<,=)-(1(3/+15/
I1*+/3-/./5-2,5,44,6@-3,+16-1>15-/61D1+/-E4,5,2-(,J4,5,B,2-D/214./-</64/D31614167
1:-5-=6EF/./-0/4164/5/5-2,*)-./6154124/61-3,(,6)+-,D,+,()5.,-2/(154/D31614167-v/(15-2,*)-./6154124/61
0/4164/5162/5-*/+15-H*/44124/61@-3,D+,-61(24/61@-</6,43)-(C-(/A1</([email protected]/6-,43<,=)-I1*+/34/615/-<,2)54)2@-,J,>4,6,-A/-.1J/6
2H24?-013214/6/-<,2)54)[email protected]+,-61(21-A/-,(G,61-H63?-2,4)54)J)-GH*-H5?5./-0C4C5.C6C4C67
8:-w1(3/+15-<,=)(,4-3,(,6)+)@-G?6?43?-A/-3136/D1+15-H54/5+/(1@-+,4*/+/4/615-(?6.?6?4/01416-2C44,5)+)@-<,=)(,4
0?3?54?2-A/-3,(,6)+-H+6?@-2E+DC-<,=)4,6)5-G?A/541J1-G101-(1(3/+15-1D4/A4/61-14/-14G141-0?3?5-D,634,6)-(,J4,<,B,2-D/214./
<,=)4)67-,(,6)+.,@-<,=)<,-*,6,6-A/6/014/B/2-0?3?5-<?24/6@-(C-()*.)6+,*4)J)@-K4E3,(<E5C5-/5G/44/5+/(1@-3E=6,J)5-3,D)+,
2,=,(13/(1@-3E=6,J)5-21+<,(,4-<,=)()5)5-2C44,5)4,5-+,4*/+/4/6-?*/615./21-/3214/61@-,3)2(C<C5-2C44,5)4,5-+,4*/+/4/6
?*/615./21-,D)5.)6)B)-/321(1-.122,3/-,4)5)67
8:-,4*/+/-(/>1+15./-,3)2(C<C5-21+<,(,4-1>/61J1@-,3)2(C.,-I1.6EF/5-(?4K?6-0C4C5+,()-A/<,-E4CD+,-1I31+,41@
,3)2(C-1>/61(15./-3,D)5,5-(/.1+/5315-,D)5.)6)B)-H*/441J1@-</6,43)-(C<C5C5-21+<,(,4-1>/61J1@-3E=6,J)5-K1*12(/4-H*/44124/61-A/
15D,-/(5,()5.,-,>)J,->)2,014/B/2-E4,5-21+<,(,44,6)5->/A6/(/4-/3214/61-GH*-H5?5./-0C4C5.C6C4C67
ie`jc[cZk\edcT\\ZTcecn[\T̀[YZT\[\[ce
WqNNoTrTsT8t:-4G141-+/A*C,33,-0/416314/5-IC(C(4,6,-C<GC5-E4,6,2-=6EF/-,4,5)-B1A,6)5.,21-0?3?5-,4)B)
E63,+4,6-,2,6(C@-GH4-A/-./51*-(C4,6)-15B/4/5/6/2-2,<./.14167
8:-6EF/./5-<,6,64,5+,()-G/6/2/5-/5.?(361@-41+,5@-1(3,(<E5@-,(2/61-A/-3C61(312-A/-0/5*/61-3/(1(4/615-+/ABC3-A/
G/4/B/23/21-(C-3?2/31+-.C6C+4,6)-14/-0C54,6)5-5?KC(-I,6/2/34/61-,6,D3)6)4)67
()*+,-.-/-+01231/+431531675758+913:91;76+916:01<1=+:>16+4315751+?-+>-?@A0+2B5+CA6A>1+A<A4+A<>1C7D7=+.E0E5
<-63-F:>3-6+:3-+2B/1/+?-+C-D:F:/3:/3-6:=+G-@-/B5CA+H53->-+.H3G-3-6:=+0B43A+/B5A0+?-+2151<:+2:0-3-6:+:3-+1I-0+<-63-F:>
2191316757+/1421<74+/1421>1C7D7=+.-3-C:<-+275763167+:J:5C-+>-?@A0+.1F/1+<-63-F:>+<-63-6:5:+/1421<74+/1421>1C7D7
161F0767376K
(L*+MNOPKQQQ+H3J-/3:+4315=+:>16+43157=+913:91;76+916:01=+.-3-C:<-+?-+>E@1?:6+1315+27576316757+:J-6-@-/+.:J:>C-
91;7631576K+R>16+43157575+.A3A5>1>127+913:5C-=+<1473>1/01+B3A4+B3>1C7D7=+<14737<B621=+915G:+1F1>1C1+B3CADA51+:3:F/:5
.:3G:+?-+.-3G-3-6+0->:5+-C:3:6K
(P*+R>16+43157+:3-+913:91;76C1/:+<-63-F:>+/16F731F07673161/=+MK+?-+OK+/1C->-+B3161/+46BS-3-5C:6:3-@-/+910316
.-3:63-5:6K
(T*+U-6I:+>-6/-;:=+1670>1+0-2:23-6:+?-+/B33-/0H6+9103167+?-+21:6-+<-63-6:5+/1>A31F07673>127575+?-<1+:60:I1/+91//7
0-2:2+-C:3>-2:5:5+;B6A53A+B3>127+913:5C-8+.A531675+<1/31F7/+.-C-33-6:5-+<-6+?-6:3:6K
(V*+WA>=+J1/73=+01F+B@1/3167+:3-+/:6-J=+0AD31+J:>-50B=+/:6->:0+?-+.-5;-6:+151+>13;->-5:5+0->:5+-C:3-@-D:+<-6+?-
51/3:<-+>-21I-3-6:+.-3:63-5:6K
(X*+Y-?@A0+/1513:;12<B5+0-2:23-6:+:3-+46BS-3-5C:6:3-@-/+/1513:;12<B5+0-2:23-6:5:+-0/:3-<-.:3-@-/+>-?@A0+?-<1
431531515+C:D-6+0-2:23-6-+:3:F/:5+.:3G:+?-+.-3G-3-6+0->:5+-C:3:6K
Z[\]^_^`ab_cadefgada[e
hijjk_lm_n_(M*+o6BS-+614B63167+?-+S-B0-/5:/+J137F>1316C1+<-63-F:>3-6:5+:90:<1J+CA<CADA+9-6+0E63E+0-2:2:
H5GH6-5+.:6+/1513:;12<B5+2:20->:5:5+F-.-/-+46BS-3-6:+:3-+:3G:3:+>E9-5C:23:/+9:;>-03-6:+1F1D7C1+.-3:60:3-5+2761+?-+-2123161
GH6-+<147376p
1*+MNMQQQ+H3J-/3:+913:91;76+916:01316+:3-+MNMQQQ+H3J-/3:+:>16+43153167+0->:5+-C:3:6K+q16:01+?-+:>16+431531675C1
<-5:+:31?-3-6:5=+:>16+01C:3103167575+B3A4+B3>1C7D7+161F0767376=+?1621+<-5:+:31?-+916:01+?-+:>16+43153167+:3-+:>16+43157
01C:3103167+C1+C://10-+137576K
.*+o6BS-3-6=+<-63-F:>:5+/721+(<1/31F7/+MQ+<73*=+B601+(<1/31F7/+OQ+<73*+?-+A;A5+(<1/31F7/+)P+<73*+2E6-C-/:
:90:<1J3167+GH;+H5E5C-+.A3A5CA6A3161/+91;7631576K
@*+r-3-@-/0-/:+5EIA2+46BS-/2:<B53167=+2A+/A33157>3167575+0-24:0:+:3-+46BS-+/6:0-63-6:+sWtMu-+GH6-+.-3:63-5:6K
J*+v;-3+216I:<10+?-6-5+?-+?-6-@-/+B315+0-2:23-6+107/+2A+/1412:0-3-6:+:3-+.:63:/0-+sWtMu-+GH6-+.-3:63-5:6K
C*+w07/2A31675+46B.3->+B3AF0A6CADA+.H3G-3-6+0-24:0+-C:3-6-/=+46BS-+/6:0-63-6:+?-+GE;-6G193167+.-3:63-5:6K
-*+Y-?@A0+130<147+0-2:23-6:+:3-+:3G:3:+46BS-3-6+0->:5+-C:3:6K+o6BS-5:5+B3>1>127+913:5C-+>-?@A0+0-2:23-6:5+G-J0:D:
019>:5+-C:3-5+2B/1/316+0-24:0+-C:3:6+?-+>-?@A0+130<147+0-2:23-6:+0:4+?-+C-6:53:/3-6:+.-3:63-5:6K
I*+Y-?@A0+130<147+0-2:23-6:5:5+.:6.:63-6:+:3-+B315+CA6A>3167+C1+C://10-+1375161/+>-?@A0+/1513:;12<B5
0-2:23-6:5C-5+:3-6:C-+C-+<1616315731@1D7+CEFE5E3-6-/+46BS-<-+:F3-5:6K
G*+w07/2A+2:20->:5:5+:2/-3-0:5:5+.-3:63-5>-2:+:J:5+130-6510:I+>A/1<-2-3-6+:3-+.:63:/0-+G-6-/3:+H5+J137F>1316
<147376K
D*+o6BS-+/1421>751+G:6-5+.:6:>3-6:5+<14731.:3:63:D:+GH20-6:3-6-/+?-+.A+.:6:>3-6:5+-5+A<GA5+.:63-F:>:5:
.-3:63-<-.:3>-/+:J:5+9-6+0E63E+2-J-5-/+>13:<-03-6:5:5+<-0-6+CBD6A3A/01+019>:5+-C:3>-2:+2A6-0:<3-+>13:<-0+9-214316751
C1<137+:5F110+276127+?-+/1C->-3:+A<GA31>1316+H5-6:3:6K
9*+o6BS-+-014+J137F>13167+:3-+41613-3+<E6E0E3-@-/+B315+S-B0-/5:/+J137F>1316+/1C->-3-5C:6:3-6-/+<147376K
7*+x-B0-/5:/+J137F>131631+-3C-+-C:3-5+?-6:3-6+MNMQQQ+?-+MNPQQQ+H3J-/3:+:>16+43153167+E;-6:5-+1/0167376K
:*+o6BS-+614B63167=+EJE5@E+.H3E>C-+<-6+1315+-0E0+?-+161F076>1316+<1473161/+91;7631576K+yA+614B68+>-?@A0
0-2:23-6:5+CA6A>A=+F-.-/-+?-+1670>1+2:20->3-6:=+0-24:0+-C:3-5+/B33-/0H6+GE;-6G197=+0-6I:+0-2:23-6:+?-+.-5;-6:+<147>+<-63-6:=
/A>=+J1/73=+01F+B@1/3167+?-+.A531675+0-2:2-+B60131>1+>-21I-3-6:5:+:J-6:6K
S*+o6BS-3-5C:6>-2:+<147315+<-63-F:>:5+916:01+?-+:>16+43157+C-D:F:/3:D:+?-+-/3-6:<3-+F-.-/-+01231D7575+2B5+CA6A>1
A<A4+A<>1C7D7=+01231D75+/1421>1C7D7+.1F/1+<-63-F:>3-6:5+B3A4+B3>1C7D7=+.B6A+G-J:6:3>-2:+G-6-/-5+2B/1/31675+C7F75C1
/1315+<-63-6=+:>16+431575C1+B315+1J73>1>7F+?-+:3/+/1C->-C-+.B6A+CHF-5>-<-@-/+B315+2B/1/316=+:3/+/1C->-C-+.B6A
CHF-5-@-/+B315+>-?@A0+2B/1/316=+G-3-@-/0-+<-63-F:>-+1J731@1/+G-3:F>-+13153167=+/B33-/0H6+9103167+?-+1670>1+0-2:2:
<-63-6:5C-+/1>A31F076>1+CA6A>A+?-+<1/31F7/+.-C-33-6:+0-24:0+-C:3:6K
/*+w07/2A+1670>1+0-2:2:+?-N?-<1+C-6:5+C-5:;+C-F16S7+:3-+:3G:3:+B3161/+5EIA2=+C-.:=+/:63:3:/+<E/3-6:+9-21431576=
-5CE206:<-3+0-2:23-6+C-+:5@-3-5:6K+R20-5-5+J7/7F+2A<A+/13:0-2:=+C-F16S+<-6:+?-+91?;127+137@7+B601>+H;-33:/3-6:=+161;:+:90:<1@7=
:5F110+?-+:F3-0>-+>13:<-03-6:+GH;+H5E5-+1375161/+A<GA3151.:3:6+0-/5B3BS:<-+219:4+107/2A+1670>1+?-N?-<1+C-6:5+C-5:;
C-F16S7+0:4:+2-J:3:6K
(O*+w61;:+?-+x-B0-/5:/+z137F>1316p
1*+q16:01+H3J>-3-6:+<1473161/+/B33-/0H6+91031675C1+G-6-/>-2:+CA6A>A5C1+F-6:0?16:+916:01+?-+0-6I:+>-6/-;3-6:+:3-
107/2A+1670>1+0-2:2:+?-N?-<1+C-6:5+C-5:;+C-F16S7+.10:>-06:/+916:01316+219127575+<-0-63:+.E<E/3E/0-+MNPQQ+H3J-/3:
4315/B0-3-6:+J7/167376K+yA53161+C1<137+B3161/+21401515+/B33-/0H6+9103167+GE;-6G197+?-+.1@1+<147>+<-63-6:+161;:<-
A<GA31576K+r{||=+<-62-3+/A0A4213=+31;-6+0161>1=+5:?-3>15+?-+C:D-6+A<GA31>1316C15+A<GA5+B315+.:6+137>+<H50->:+:3-
.B<A51+/-2:03-6+J7/167376K+yA+}H5-0>-3:D-+A<GA5+6H4-63->-+<147376+?-+4315C1+GH20-6:3:6K+,-.-/-<-+1:0+-/+916:01
91;7631576K
.*+x-B0-/5:/+J137F>13168+2191+J137F>13167=+31.B610A?16+J137F>13167+?-+.E6B+J137F>13167+1F1>13167+:3-+<E6E0E3E6K
)*+,-./01-2.+3454-4+67+89:;.<=.-1:.+.>0+=9?=.-+>=7+590+67+599-;>:.0+;7@7-=7->A+=.B9-.046.-+3.=1/2.=.-1:.+.>0+0780
89:43=.-1A+C-9<7+.=.:1+5.C8.21:;.5>+D72>:=7-7+.>0+EFGHHH+I=375=>+D72>:+J.->0.=.-1A+.-./01-2.+3454-K89:;.<+=95.8L9:=.-1
C=.:1+>=7+>;7.=>D7+D72>:+C-9M>==7->A+C-9<7+.=.:1:;.5>+J>;-9<79=9<>5+/.-0=.-1:+L.:8101=;1@1+NL7-.=01+84+876>L78>+;7->:=>@>:>:A
7/+L7-.=01+84+;7->:=>5+7@->=7->+>=7+?I807->=;>@>*+D72>:+J>;-9<79=9<>5+J.->0.=.-1:.+L7-+67->=>-O
3*+P.8.-12;.+BI=?7;75>+09C9?-.M>5+67+<79=9<>5+59/4==.-.+;>55.0+7;>=>-O+Q7->:+.315+5.D1+67F67L.+5.D181D+>:/.
8737:75=7->+;R/R:R=RL9-8.+0786>L7+7@->=7->+>=7+B>-=>507+L707-=>+<79=9<>5+67L.+<79075:>5+.-./01-2.+67->8>+54==.:1=1-O
;*+SRD7-?.J+873>2>+67+>:/.+LI:072=7->:>:+578>:=7/0>->=278>+./.2.81:;.+D72>:+ID7==>5=7->+>=7+>=?>=>+;70.L=1+.:.=>D
89:43=.-1+54==.:1=1-O
7*+T-9<7+.=.:1:;.+;.J.+I:)7+;7@>/>5+54-42=.-).+L.C1=21/[email protected]>5A+<79=9<>5+67+?79075:>5+D72>:
3.=1/2.=.-1+;7-=7:7-75U+BI=?787=+<79=9<>5+B>->2=7-+67+L7-87=+<79=9<>5+L.C1:1:+B7=>-=7:;>@>+D72>:+I:+70R;+3.=1/2.=.-1
L.C1=1-O+Q76.21:;.+C-9<7;7+L7-+.=.:+078>8=7->:+67+/7B757:>:+L7-+.=.).@1+<79=9<>5+B>->2=7->:+?79075:>5+ID7==>5=7->:>:
B7=>-=7:278>+67+0.8.-121:.+LI:7=>5+J78.C=.-1:+?7-375=7/278>+.2.)1L=.U+C-9<7+.=.:1:1:+<79=9<>5+?ID=72=7->:>:+L.C1=2.81A
.-./01-2.+3454-=.-1:1:+67F67L.+89:;.<+54L4=.-1:1:+.31=2.81+67+B4-.=.-;.:+.=1:.:+84L4:+B709:.+705>8>:>+B7=>-=7275+67
?7-75>-87+I:=72+.=2.5+>3>:A+L7->:;7+;7:7L=7-+67+D72>:+I-:75=727+3.=1/2.=.-1+L.C1=1-O
M*+V7-.=01+84+876>L7=7->+B7=>-=7:>-57:+2768>287=+;7@>/>5=>5=7-+;>55.07+.=1:1-O+V7-.=01+84+876>L7=7->+>=7+>=?>=>+.=0L.C1
8>8072>:>:+BR0R:=R@R:7+D.-.-+67-7B>=7)75+J4848=.-.+>=>/5>:+B>=?>+09C=.:1-+67+;7@7-=7:;>->=>-O
NW*+T-9<7+XIDR2+X.=1/2.=.-1Y
.*+T-9<7+-.C9-4:;.:+89:-.+27L;.:.+?7=7)75+;7@>/>5=>5=7-+>=7+C-9<7:>:A+/7B757A+09C=.L1)1=.-A+.:.+09C=.L1)1=.-A
59==750I-+C-9<7=7->+67+8>80727+7:07?-7+7;>=7)75+276)40+J.0=.-1:+0.J5>5>+>=7+6.-8.+07-M>+J.001+67+07-M>+27-57D>+J>;-9=>5
J78.C=.-1+>=7+07-M>+L7->+2>2.->+C-9<7=7->+67->=>-O
B*+Z79075:>5+X.=1/2.=.-+5.C8.21:;.U
E*+[.:.=>D.8L9:+B9-4=.-1:1:+J7:;75+>3>:;7+L7-=7/0>->=27+/75>==7->A+?7->+;9=?4+>/=72=7->A+B9-4=.-1:
?I2=75=7:278>+67+L.0.5=.:2.81+0>C=7->+>=7+?7-75=>+9=.B>=7)75+D72>:+>L>=7/0>-27+.:.=>D=7->+\[K]^L7+?I-7+B7=>-=7:>-O
]*+PR2+C-9<7+.=.:1+5.C8.21:;.+>58.=1+67+/76=>+5.D1:1:+?7-375=7/0>->=7B>=7)7@>+.=.:=.-1+?I807-7:+>58.+8>8072=7->
J.->0.=.-1+9=4/04-4=.-.5A+D72>:+<79075:>5+C.-.270-7=7->:7+B.@=1A+;7@>/>5+0>C07+>58.+8>8072=7->:>:+4L?4=.:.B>=7)7@>+J.0=.-
B7=>-=7:>-O
W*+_L?4=.:.B>=7)75+J7-+0R-=R+D72>:+>L>=7/0>-27+LI:072=7->+>=7+B4+LI:072=7-+>3>:+7:+?R67:=>A+759:92>5+67
075:>5+4L?4=.:.B>=>-+.=07-:.0>M+?7-75=>+245.L787=7-+L.C1=.-.5+B7=>-=7:>-O
`*+[.:.=>D.8L9:+8>8072>:>:+.@1-+L.C1=.-1:1:+0727=+0.8.-12=.-1:.+LI:7=>5+9=.-.5+8161=./2.+.:.=>D>A+D72>:
904-2.K/>/27+ID7==>5=7->:>:+B7=>-=7:278>+67+D72>:+72:>L70+?7->=278>+;7@7-=7->+B4=4:.-.5A+7:+4L?4:+0727=+0>C>
B7=>-=7:>-O
G*+T-9<7+.=.:1+5.C8.21:;.+?737-=>+9=.).5+5.D1+81:1M+;7@7-=7->A+5.D1+81:1M+0.B=9=.-1+9=4/04-4=.-.5+B7=>-=7:>-O
)*+,01584L4:A+.-102.+67F67L.+;7->:+;7:>D+;7/.-<1+>=7+4D.5=./01-1=2.81+J.=>:;7A+.-102.+R:>07=7->:>:+L7-=7->
B7=>-=7:>-A+B>->:)>+67+>5>:)>+5.;727+R:>07=7->+B9L40=.:;1-1=1-A+EFGHH+I=375=>+C=.:5907+RD7->:;7+?I807->=>-O+,-102.+078>8>
5.-.507->80>5+)7067=>+67F67L.+;7->:+;7:>D+;7/.-<1+B9L4:.+578>0>A+J7:;75+578>0=7->+>=7+;>MRDI-+67+87L-7=27+J78.C=.-1
67->=>-O+Q7:>D+;7/.-<1+>3>:+072>:+7;>=7)75+B.0>270->5+;7:>D+J.->0.=.-1:;.:+L.-.-=.:1=.-.5+;7/.-<+B9-484+)>:8=7->+>=7
L.5=./15+B9-4+3.C1+67+B9L4A+079->5+;7/.-<+80.:;.-0=.-1:.+?I-7+078C>0+7;>=>-O
3*+a7B757+C=.:=.-1:;.+599-;>:.0+67+C.M0.+?->;+;7@7-=7->+67+6.-8.+?7)759:;4+I:=727+BI=?7=7->+>=7+5R3R5+8.:.L>
8>07=7->+J4;40=.-1+C-9<7+RD7->:;7+.L-1+.L-1+:90.8L9:=.-=.+?I807->=>-O
N`*+Q70.L+T-9<7+X.=1/2.=.-1Y
.*+PR2+;70.L+C-9<7=7-;7U+07-M>+27-57D>+9:.L=1+C=.:5907=7->+>=7+B709:.-27+80.0>5A+7=750->5A+81JJ>+078>8.0A
J.6.=.:;1-2.+078>8.01+J78.C=.-1:1:A+;7-7A+5.-.L9=4A+5IC-R+?73>/>+276)40+.=0L.C1+078>8=7->+>=7+578>/27+;70.L+C-9<7=7->A
?7-75278>+J.=>:;7+L.0.5=.2.+C-9<7=7->A+0727=+18=.J+C-9<7=7->A+EHHH+22+67+;.J.+BRLR5+3.C=1+B9-4=.-.+.>0+;I:R/+67
B>-=7/>2+B.).=.-1+J78.C+67+C-9<7=7->+>=7+ID7=+8.:.0+L.C1=.-1+C-9<7=7->:7+L7-+67->=>-O
B*+,01584+09C=.2.+67+4D.5=./01-2.+8>8072=7->:>:+J>;-9=>5+0.8.-121:.+>=>/5>:+B>=?>=7-+\[KE^;7+L7-+.=2.50.;1-O
,01584+09C=.2.+67+4D.5=./01-2.+8>8072=7->:7+?7=7:+.01584+;7B>=7->+:RM48+67+5>/>+B./1:.+0R570>=7:+84+2>50.-1:.+B.51=.-.5
B7=>-=7:>-O
E*+V7:>+?7=>/>2+.=.:=.-1:;.:+5.L:.5=.:.:+67F67L.+276)40+?7=>/27+.=.:=.-1:;.:+?7=7:+LR5=7-+C=.:=.2.
8R-78>:;7+?ID+I:R:;7+B4=4:;4-4=4-O
]*+[>/>+B./1:.+7687=+.2.3=1+84+0R570>2+2>50.-=.-1+\[KE^7+?I-7+B7=>-=7:>-O
W*+\:;R80->L7=+67F67L.+0>).->+84+54==.:121+6.-8.A+B4:=.-;.:+5.L:.5=.:.:+.01584+2>50.-=.-1+7687=+.01584
;7B>=7->:7+75=7:>-O
`*+T>5+;7B>=7->:+873>2>:;7+\[KE^;7+L7-+.=.:+LI:072+54==.:1=1-O
)*+b9-4+J.0=.-1+B7=>-=7:7:+0.8.-12+;7B>8>:>+0./1L.).5A+5.01+2.;;7+B>->5>2>:>+7:?7==7L7)75A+015.:2.+->85=7->:>
.D.=0.).5+67+B.512+>/=7->:>+59=.L=./01-.).5+/75>=;7+0.8.-=.:1-O+b9-4=.-;.+J>;-9=>5+J78.C=.-+67+LR5+5.L1C=.-1+>3>:+\[K
E^;7+L7-+.=.:+;7:5=72=7-+54==.:1=1-O+VR5+5.L1C=.-1+J78.C=.:1-57:A+09-04=.-1:+7:?7==7:727;>@>+L7-=7-;7+.D.=.:+578>0+.=.:1
;>55.07+.=1:1-O
3*+\@>2=7->:+LR5875+9=;4@4+L7-=7-;7+J.6.+8151/2.81+67+705>=7->A+J>;-9<7:+8R=MR-+72>8L9:=.-1A+7-9DL9:+705>=7->A
J>;-9=>5+813-.2.=.-+67+3.=1/.:=.-+>3>:+>/+?R67:=>@>+07;B>-=7->+?ID+I:R:;7+B4=4:;4-4=4-O+bIL=7+;4-42=.-;.+/R0=R+B.).=.-
)*++,-.+,/,)012,23)045)0)6-2/6++5073/089)3+:90,;,+2.+./<
:=0>,;379+30:98,/?.-04,@.+,A,B.049/+9/:90:98,/?0),-,+.-.-02,7,-0)62*019/79120:58C94903C),-01,B+,4,A,)089)3+:9D
,+.A.0-6)2,:,)309-045)19)01*019E34913-:9-0:,F,04*),/.:,06+,A,)089)3+:902,1,/+,-./<0G*-*-0C5C)5-06+C,C,1.
:*/*C*-:,0H9)E,+I0)*++,-.+./<
9=0J8./.0:9/3-+3)+9/:9-0),H.-C,)0E90,2.)1*026@+,-,-07K+L9:9)30:585)0)62+*0,+,-+,/:,02,8C,0/31)3-30K-+9C9)
,C,A.4+,0E94,029/1013I6-04,@.+C,1.0C5C)5-06+C,4,-0*H*/*CD0,),/1*04,2,B.0E94,0:9C3/46+*0L373049/+9/+90,2.)1*0,/.2C,
291313-90A,;379+30:98,/?.-0C5C)5-06+C,:.B.0:*/*C+,/:,0,2.)1*4*-0@6C@,+,-C,1.03H3-073/0@6C@,02913130:585-5+5/<0M9/I3
5-329+9/30@/6?9+9/30NOPQR:9079+3/23+9-0F*1*1+,/0:3)),290,+.-,/,)04,@.+./<
I=0S6C@,0312,146-*0)*++,-.+C,1.-.-0L9/9)+306+:*B*0:*/*C+,/:,D025C0C,+3492+9/0LK;0K-5-:907*+*-:*/*+,/,)09-
*4L*-0@6C@,0312,146-*01,4.1.0E9049/+9/3079+3/+9-3/<
TUVWXYWZT[\]^
_`a`bcd`efgaZhceijkbjlcacaZm`nokoa`ZWbcpqcaZUe`eb̀l
rjajbZje`eb̀l
^sttUZuvZw0xQ=0O,-,+3;,146-013129C+9/3D02,1,/.C.-,0*4L*-06+,/,)03-8,09:3+3/<0y9-3013129C+9/3-03-8,,1.0E94,
C9EA*2013129C+9/3-049-3+9-C91303H3-07*0C,::9:9)308,/2+,/0*4L*+,-./<
,=0y,@.C0,8,C,1.-:,z
Q=0{9/025/+501,B+.)0E90L5E9-+3)029:73/+9/30,+.-,/,)D0H,+.8,-0@9/16-9+3-0E90:3B9/03-1,-+,/.-0L5E9-+3B3-3-
1,B+,-C,1.D
|=0};9++3)+904,@.C091-,1.-:,0C9EA*20,+24,@.013129C+9/3-3-092)3+9-C9C91303H3-09-0*4L*-0;,C,-+,C,0E9
1./,+,C,-.-04,@.+C,1.D
~=0O.1C306+,/,)02,C,C+,-C.8013129C+9/:90E94,0C9EA*2013129C+9/3-0/9F,73+32,146-*01./,1.-:,0C9EA*20:973+9/3-
4K-923C3D
F*1*1+,/.0:3)),290,+.-./<
7=0y9-3013129C3-04,@.C.-:,D076/*0F,2+,/.03+L3+3012,-:,/2+,/,0*4L*-06+,/,)03-8,09:3+3/<09EA*2013129C3-
/9F,73+32,146-*-:,D076/*0F,2+,/.03+L3+30C6-2,?0).+,E*;*-,0*4L*-06+,/,)03-8,09:3+3/<0{9/03)30:*/*C:,0:,z
Q=0G6/*0F,2+,/.-.-0L96C92/313D
|=0J).80@9/I6/C,-1.D
~=0.;:./C,;+.)D
=0KCC9046+*4+,076/*0F,22.-,026@/,)2,-0L9+9-0*4L*-045)5-02/,-1I9/3D
=04L*-04,2,)+,C,0E90:6+L*D
F*1*1+,/.0:3)),290,+.-./<
A=0O,-,+3;,146-013129C+9/30E94,0:3B9/0F3;C92+9/03H3-0),;.038+9C30*4L*+,-:.B.-:,076/*+,/.-01,B+,C+.B.-:,-
9C3-06+*-*/<
H=0
-8,,2.-02,1,/.C,0*4L*-06+,/,)04,@.+:.B.-.029432092C9)03H3-029120H,+.8C,+,/.04,@.+./<
:=0*,49-907,A,+,/.0L37304,/:.CA.04,@.+,/.-076/*0E94,076/*0F,2+,/.4+,06+,-07,B+,-2.+,/.-.-0:6B/*04,@.+:.B.-:,-
9C3-06+*-*/<0{9/0:*/*C:,z
Q=096C92/3D
|=0J).80@9/I6/C,-1.D
~=0.;:./C,;+.)D
=04L*-0K/250C,+;9C90E90),+.-+.B.D
F*1*1+,/.0:3)),290,+.-./<
^`fjajZqlb̀lo
^sttUZuZw0xQ=0O,;.4,07,8+,C,:,-0K-A9z0K-LK/5+9-0L5;9/LF.-02,F)3)30C,F34923-:90C*,49-90H*)*/+,/.
4,@.0:9-923C0@9/16-9+3-3-02,+3C,2.05;9/3-90,H.+./0E90K-LK/5+9-0L5;9/LF2,073/0:9B383)+3)0L9/9)3@0L9/9)C9:3B3-90),/,/
E9/3+3/<0*,49-90H*)*/+,/.D0|0C0,/,03+90L5;9/LF0,)1.-,0:3)03123),C92290),;.+./<0*,49-90H*)*/*097,2+,/.0,8,B.:,
E9/3+:3B30L37306+*/
,=0N-0{9-:9)0L9-38+3B3D
7=0G640{9-:9)0L9-38+3B300QD0CD
A=09/3-+3)0{9-:9)0L9-38+3B300D0C<
x|=0O,;.038+9C304,@.+,A,)0L5;9/L,F2,)3025C0C*,49-90H*)*/+,/.-.-0,H.+C,1.-.0C529,)379-0,+24,@.+,/:,-
12,-:,/2+,/,0*4L*-0C91,I9:90L9H9A9)089)3+:90L5;9/L,F0291@3230NOP|R490LK/904,@.+./<
x~=0M5C0,1I,+2045;94+9/:904,@.+,A,)0H,+.8C,+,/:,0,1I,+2045;940H3I202,/,I+.0:9/;0)91C90C,)3-91303+90)913+9/9)D
)./.A.03+90)./.+:.)2,-016-/,0),;.1.04,@.+./<
x=0G3+*C*C0F,/H1.;04,@.+,-045;940),@+,C,+,/0C5C)5-0C9/29790F,1,/0E9/3+C9:9-049/3-:9-01K)5+9/9)D
49-3:9-0)*++,-.+C,)05;9/9D0*4L*-089)3+:903123I+9-9/9)0)6/*C,0,+2.-:,02*2*+*/<09/9)049/3-:9-0H.),/2.+./)9-D0L9/9)
C*F,I,;,09:3+3/)9-0E90L9/9)19038016-*045;940),@+,C,04,@.+./)9-0F,1,/0LK/9-0),@+,C,09+9C,-+,/.049-3:9-029C3-09:3+3/<
x=0G6/*+,/0)6-*+:*)2,-016-/,0:6+L*0C,+;9C9130E90)./C,2,8P:6+L*0NOP|R:9079+3/23+:3B30L3730:6+:*/*+,/,)
1.).82./.+./<
x=0O,-,+3;,146-013129C3-3-04,@.C.-:,z
()*+(,(-./(012,*1(3454,(*6,76-*89090-(:;*16:(-<4*<60.0-6:.;*=(,(-./(012,*1(3454*.>*04:(04;*?.,(5.<-6*=(1(
3(<-(<4-5(04;*7@A6,-.=*B,-65-6:.;*12--(:4,*=(3(<4-5(04;*12-*.>-6:.*.-6*12-*A6*=(-?4:45*=(3-(5(*5(-/656-6:.,6*(.<*<6=,.=
?6<(1-(:(;
C)*D.-6>6,-6:.,*<(>4,5(04*A6*?632-(,5(04;*1@=-656*A6*C2>(-<5(;*?632-(5(*.>-6:.;*>(,<.16*.E.*<(>45(*.>-6:.;
86,?6=*?2-79*A6*E(-4>5(*560(F6-6:.;*86,?6=*>6A*A6*6G.5-6:.*A6*C2:9*86,?6=-6:.,.,*7@A6,-.G.*.-6*.-7.-.*89090-(:(;
H)*I6,?6=*<(C(,*76,.>-.=-6:.;*C2:9*1(<(=-(5(;*C2:9*C(>4*86,?6=-6:.;*52,<(J;*C(G-(,<4-(:;*C(H(*=(3(=-(:4;
56:?.A6,-6:;*H2,<(-(:*A6*C(04,E*<60<-6:.*.-6*.-7.-.*<6=,.=*?6<(1-(:(;
E)*K,>((<4*C.<6,*A6*.>-6<5616*(-4,(,*C2:9*8(<-(:4,4,;*.>-6<56?6*=9--(,5(=*(5(H4*.-6*1(34-?4G4*>6=-.*1(,04<(H(=
>6=.-?6*.>-6<56*3:2J60.*8(/4:-(,5(04;*59(16,6*C(H(-(:4,4,*C6-.:<.-6,*=22:?.,(<*0.0<65.,?6=.*LM;*1;*/)*=22:?.,(<-(:4,4,
860(C4*.-6*.-7.-.*89090-(:(;
?)*K>-6<56*3:2J6-6:.,?6*C@<@,*59(16,6*C(H(-(:4,4,;*3(:06-*C(H(-(:4,4,;*A(,<9/;*<(8-.16*16:-6:.,.,;*0.F2,*1(34-(:4
.-6*?6:6*76E.>*16:-6:.;*<6:F.*56:=6/.*7.:.>NE4=4>*,2=<(-(:4;*F20063<.=*1(34-(:4,4,*7.:.>*E4=4>*,2=<(-(:4;*<6:F.*8(<-(:4,4,*86:
OPP*5*?6*C.:*=(/4=*,2=<(-(:4,4,*16:*=2,<:2-*,2=<(-(:4*.-6*.-7.-.*?6<(1-(:(;
?.==(<*6?.-.:Q
LR)*D2:9*8(<<4,4,*C.:*C.,(,4,*<656-.,6*1(=4,*2-?9G9*16:-6:?6;*C.,(,4,*C2:91(*598<656-*6<=.0.*?.==(<6*(-4,4:Q
S656--6:.,*/(14F-(5(5(04*A61(*/(:(:*7B:56560.,.*0(G-(5(=*.E.,*B,-65*(-4,4:Q
TUVWXYVZ[\]Y^Y_XY[`YaZ
bcdde\fg\h*LO)*+(/4*<23:(G4*?2-791(*6-A6:.>-.*C9-9,9:0(;*1(<(=-(5(1(*76:6=*=(-5(?(,*C2:9-(:*?2G:9?(,
=(,(-*<(C(,4,(*16:-6><.:.-.:Q
Li)*+(/4*<23:(G4*?2-791(*6-A6:.>-.*?6G.-06;*=(,(-*?6:.,-.G.*(:<<4:4-4:*A6*.8<.1(H(*7B:6*J62<6=0<.-;*6-6=*@0<@*.:.
E(=4-j=4:5(<(>;*C6<2,(:56*1(<(=-(5(*A61(*C9,-(:4,*=25C.,(012,9*2-(,*5(-/656-6:-6*04=4><4:5(*1(34-(:(=*/65.,
.1.-6><.:560.j1(<(=-(5(*1(34-4:Q
Lk)*lE4-(,*=(,(-?(*09*56AH9<0(;*09*<(5(56,*C2>(-<4-4:*A6*02,:(04,?(*1(<(=-(5(*1(34-4:Q*m(<(=-(5(*=(-4,-4G4;
n+Nio?6*16:*(-(,*B-E@-6:?6*1(34-4:*A6*02,:(04,?(*C2:9-(:*1(<(=*@/6:.,6*16:-6><.:.-.:Q
TUVWXYVZ[\pq`Xr_Xr[`ras\tr\aZ_Zu^ZV`Y
bcdde\fv\h*LO)*m(,*?2-79*.>-65.,?6*C2:9-(:*?B>6,.3*C.:-6><.:56*.>-65-6:.*1(34-?4=<(,*02,:(;*C2:9,9,*86:*.=.
1(,4,(*kP*H5*1@=06=-.G.,?6*?2-79*5(-/6560.*?B=@-@:*A6*8(F.F*E(-4>(,*=253(=<B:*.-6*wxy*59=(A656<*0(G-(,4,H(1(
=(?(:*04=4><4:4-4:Q
Li)*m(,*?2-79*1(34-4:=6,;*C2:9*.-6*=(,(-*?9A(:4*(:(04,?(;*=253(=<B:*:(8(<*E(-4>(H(=*>6=.-?6*C2>-9=*C4:(=4-4:Q
Lk)*m(,*?2-79;*/65.,*?2-7909,?(,*.<.C(:6,*86:*kP*H5o?6*C.:;*C.:.,H.*F4=:(?(*C6-.:<.-?.G.*7.C.*04=4><4:4-4:Q*D9
.>-65*(1,4*5(-/656*.-6*C2:9*@0<@,@*5.,.595*kP*H5*76E.,H616*=(?(:*<6=:(:-(,4:;*C2:9*@/6:.*kP*H5*76E<.=<6,*02,:(
?2-79*.>-65.*<(5(5-(,4:Q
Lz)*{4=4><4:5(*?6:6H60.*0<(<.=*860(3-(5(-(:(*9179,*2-(H(=*>6=.-?6*A6*5.,.595*w*xiNwxy*2:(,-(:4*(:(04,?(
2-9:Q
Ly)*D2:9*@/6:.;*5.,.595*kP*H5*?2-79*5(-/6560.*.-6*B:<@-@3*76:6=-.*04=4><4:5(*1(34-?4=<(,*02,:(;*@/6:.*12-9,
=(3-(5(04,(*9179,*2-(,*C.:*@0<*?2-79*5(-/6560.*.-6*?2-?9:9-9:*A6*04=4><4:5(*.>-65.*1(34-(:(=*.5(-(<*<(5(5-(,4:Q
L|)*}0<*?2-79*5(-/6560.*=(,(-(*?B=@-@:=6,*C2:9*8(<<4,4,*16:*?6G.><.:560.,6*06C6C.16<*A6:56560.*.E.,;*(/
5.=<(:-(:?(*?B=@-@:*A6*0<(C.-.<6*65,.16<.*.E.,*04=4><4:5(;*19=(:4?(*C6-.:<.-6,*>(:<-(:(*9179,*1(34-4:Q
LR)*}0<*?2-79*04=4><4:5(*.>-65.;*C2:9-(:*?B>6,?.=<6,*A6*@0<*?2-79*1@=06=-.G.;*C2:9*@/6:.,?6,*O*5o1.*76E<.=<6,
02,:(*C(>-(1(C.-.:Q*}0<*?2-79*1@=06=-.G.;*C2:9*@/6:.,?6,*O*5o1.*76E56?6,*(G4:*.>*5(=.,6-6:.*A6*04=4><4:5(*(:(E-(:4*C2:9
@/6:.,?6*1@:@<@-56/Q
L~)*{4=4><4:5(*.>-65-6:.*59<-(=(*=253(=<B:*A61(*8(F.F*0.-.,?.:-6:*A(04<(04*.-6*1(34-4:;*<2=5(=-(*04=4><4:5(
1(34-5(/Q
Y[YX\UXpW\`YXr`ras
bcdde\f\h*LO)*+(,(-*?2-7909,?(*=9--(,4-(H(=*5(-/656,.,;*,65*598<6A(04*5(=0.595*wiP*A6*?(,6*E(34
6,*F(/-(*OO*55*2-(C.-.:*5(-/656*04=4><4:5(1(*6-A6:.>-.*A6*C2:9-(:4,*04=4><4:5(*60,(04,?(*/(:(:*7B:560.,.*6,76--616H6=
>6=.-?6*?(1(,4=-4*A6*16<6:-.*<(>45(*=(C.-.16<.,6*0(8.3*2-9:Q
Li)*2,59>*5(-/656-6:*A6*C2:91(*/(:(:*A6:6C.-6H6=*=60=.,*=B>6-.*0.A:.*9E-9*<(>-(:*A6*0(.:6*?2-79*5(-/6560.
2-(:(=*=9--(,4-(5(/Q
c
\T
b
Y[YXsYa]U[\sa^r`XrVs[s[\uXr^`r\tr\TY_Z̀Z[Y\Xsu_s[\eaYaXYV
uXr^`r\tr\Y_Z̀
bcdde\f\h*LO)*+(,(-./(012,*0.0<65-6:.*.,0(,-(:4,*0.0<656*7.:6C.-?.G.*A6*7.:656?.G.*?9:95-(:?(*=(:>4-(>4-(,
.>-6A06-*02:9,-(:4,*A6*1(340(-*02:9,-(:4,*EB/@5@*.E.,;*J6<*(=45*A6:56;*A.,E-6*=(-?4:5(;*=9=(*A6*C6,/6:.*1B,<65-6:*.-6
=(,(-*(E5(;*<65./-656*<23-(:4;*9/(=<(,*=2,<:2--@*6=.35(,-(:;*0.F2,-(5(*A6*6--6*<65./-656*9179-(,(C.-.:Q*S65./-656
.>-65.*1(34-4:=6,;*.>-65.,*(<4=09*(:4<5(*<60.0.*@/6:.,?6=.*6<=.-6:.*?.==(<6*(-4,(:(=*76:6=-.*B,-65-6:*(-4,4:Q
Li)*D(=45*.>-6:.,?6*2:<(1(*E4=(,*(<4=-(:;*.-7.-.*56A/9(<4,*C6-.:-6?.G.*>6=.-?6;*6=*C.:*=.:-.-.G6*12-*(E5(?(,
C6:<(:(F*6?.-.:Q
Lk)*+(,(-./(012,*0.0<65-6:.,?6*<65./-656*.>-65-6:.*n+Nko6*7B:6*1(34-4:Q
()*+,-.-/01-234.+202567/680.0.+09/6576+:6+;-<=7=+0>0.+;-?-/-8+:[email protected]+4@-/-8=+<4.A/A8B
(C*+D682+20E4./-8=.+2F86</0+:6+:6807/0+>-/=97-2=+0>0.+@F16./0+4/-8-<[email protected]+:6+;-<=7+E--/0365/680
G68>6</695080/08B
(H*+I6568201+J-:-/-.@=87-+4/-.+368/68@6+E6<-/+>K<6/50/68L+;K?6</68L+E-86/68+:6+20:8020.6</68+F8636;0/08B+MA./-8=.
2-N/=N-+4/-.+65<0/680.0+6.+-1-+0.@0876<+:6+<-.-//-8@[email protected]+G65086?6N0+3-O=2-/+248A./-8=+K./676<+0>0.+G686</0
56@;08/68+-/=.=8B
(P*+M-?-/-8+:[email protected]+4@-/-8=+J-80?0.@6<0+;-N/-.5=/-8+@K<76+3-O=/-8/-+2-N/-.=8B+Q876+<-.-//-8-+36.0+;-N/-.5=
3-O7-<5-.+<->=.=/=8B+R686</0+@A8A7/-8@-+;-N/-.5=+K.?620.@6+<-.-/+<-O2-7/=+4/-8-<[email protected]/6.08B
(S*+,-.-/01-234.+2025670+09/657636+-/=.@=<[email protected]+2=</=N=+0/[email protected]+.4<5-/-8=+;6/08/6.08<6.
202567@6<0+J68+;0/696.+0>0.+G686</68+:6+;0/696./680.+K.670+@0<<-56+-/=.=8B+MA+<-O2-7@-+3-O=/-?-<+4/[email protected]+T,UVW56
;6/0850/@0N0+96<0/@6+3-O=/=8B
(X*+Y025670.+;0/696./680+0>0.+J-1=8/-.-.+09/6576+O8426@F8/680+T,UVW56+;6/0850/@0N0+96<0/@6+A3GA/-.=8B
(Z[*+Y025670.+J68J-.G0+;08+;K/F7F.@6+4/A9-;0/6?6<+-?0/+@A8A7/-8@-+A3GA/-.7-2=+0>0.+T,UVW56+;6/0850/6.+-?0/
@A8A7+O/-./-8=+J-1=8/-.=8B
\]^_`abcd]ecf^bghdihb̀h̀]jkh
l\mmnbopbq+(Z*+r@-86/68+J68+5F8/F+?4N8-E0+:680+:6+;0/G0.0.+2-</-.@=N=L+248GA/-.@=N=+:6+0256.0/@0N0.@6
2A.A/@ANA+-5=<2A+-/53-O=+;0/G0+202567/680.0+4/A95A8A8B
(s*+t5=<2A+-/53-O=+;0/G0+2025670+0/6+0/G0/0+:680/68+MF3F<+Q/>6</0+u-805-+:6+u-805-+M0/G0/680+v86507
IK.6576/0N0.@6+;6/0850/6.+@-5A7+:6+<[email protected]+202567/680.6+A3GA.+4/-8-<+F8650/08B
(V*+t5=<2A+2025670.0+4/A95A8-.+?4N8-E0+@65-3/-8w+202567+;F5F.F.@6<0+248GA/-7-/-8-+07<-.+:686?6<+0/09<026/+;08
:680+74@6/0.@6L+@6N090</0</680.+5-<0O+6@0/6;0/6?6N0+1-7-.2-/+967-3-+2-J0O+4/-8-<+:6+1670./6+-O/0<6+6@0/@0</680+3-5-3+:6
@F963+<4.A7+;0/G0203/6+-5=<2A+-/53-O=+;0/G0+2025670.6+<-3=5+6@0/08B
()*+t5=<2A+-/53-O=+;0/G0+2025670L+-5=<2A+2025670.@6<0+@6N090</0</680+3-.2=5-?-<+96<0/@6+G686</0+:680+36@6</67620
3-O=/-8-<+GF.?6//6.08B
(C*+t5=<2A+-/53-O=+;0/G0+2025670.@6<0+:680/68+G686<7620+J-/0.@6+0/G0/0+O-3@-9/-8/-+x6;+2025670+F1680.@6.
O-3/-9=/-;0/08+.056/0<56+4/A8B
ynmz{|zb}~l
jh]dhbjb
b_kdj
j
kc`b]j`]djh
l\mmnbobq+(Z*+,-.-/+202567/680.0.+O68E487-.2=+0.9--5+-9-7-2=.@-L+0.9--5+;05070.@6+:6+09/6576+62.-2=.@-
5625+6@0/08+:6+@6N68/6.@080/08B+D625+:6+@6N68/6.@0876+K8.6</680w
-*+YA+0/6+2=1@=87-1/=<+56250L
;*+u-:-+0/6+2=1@=87-1/=<+56250L
?*+Y=17-+56250L
>*+RK826/+7A-36.6L
@*+,A8A+J-:-+-<=7=+@6N68/6.@087620L
6*+Y025676+G0809/680.+01/6.7620L
E*+D-J/036+.4<5-2=.@-+-5=<2A+<-/056+:6+70<5-8=.=.+01/6.7620L
G*+6J08/0+:6:63-+O-5/-3=?=+G-1+<-8=9=7/-8=.=.+01/6.7620L
N*+Y02567@6.+-8=57-3-+@69-8=.+01/6.7620L
96</0.@6+2=8-/-.-;0/08B
cdhh_c`e
bjbjh]hk
l\mmnboobqb(Z*+u68+@F163@6<0+O6824.6/6L+09/680.0+GF:6./6+:6+365<0.+;08+;0>07@6+G68>6</695086;0/76/680+0>0.
0/G0/0+76:1A-5=+:6+56<.0</680+5-.=5=?=+:6+->=</-3=?=+A3GA.+;08+6N0507+:680/08B+TN0507/68+0J503->+@A3A/@ANA.@-+O68034@0<
4/-8-<+56<8-8/-.=8B+r.9--5+>-/=97-/-8=.=+3F8F56.+<A8A7/-8+;6/08/0+;08+09+0>0.+K16/+.056/0</68+5-/6O+6@6;0/08B
yd_
l\mmnbobq+(Z*+MA+IK.6576/0<+3-3=7=+5-80J0.@6+3F8F8/FN6+G0868B
y]kj
l\mmnbobq+(Z*+MA+IK.6576/0<+JF<F7/680.0+6:86+:6+6J08?0/0<+M-<-.=+3F8F5F8B
+
n_djhbhhb]^_dce^^
+