giełda1000

background image

tak zaznaczyliśmy odpowiedzi co do których nie jesteśmy pewni, więc lepiej

zachować ostrożność

tak zaznaczone lub niezaznaczone żadnym kolorem są odpowiedzi

poprawne.

oprócz tego czasem daliśmy komentarz w 'dymku'. jak komuś się

dymki nie otwierają to trzeba ściągnąć jakiegoś pdf readera

wszystkie pytania, które miały odpowiedź sprawdziliśmy w czym się dało. I

tak:

tak zaznaczone odpowiedzi są błędne

Ania, Andrzej, Wojtek

background image

!"#$%&'()*&+'#!,&-".&/)0.)/1','(&*2-234252!""

(6789:8';'7<=>?>@;9<=>'<=;8A:9BC';'=>7>DE'>FG>D:<F;:E

HI .8J@;KL7L;8'@M>?>N8'LG:@M?;<9:>D8'O'!"#$#%&'(&)!"*$&
PI QRST<79: ' G8@J<97 ' ; ' ;89:U:<A ' 8L7?>@678?96AC ' >7KG:<9:<AC ' 98@:<U8A: ' G>FG8JK@;69VDU>D6A: ' : ' A8U?>W8=8A:'

G8X<@;U>D876A:'O'+,-&'.../$012#3&

YI Z[ST<79:'G8@J<97';'L7>T@8A:'>XVDU>D876A:':'U?D8D:<9:8A:'O'$&+'4*5,6&'7$)%*7#
\I ]7XB@;<9:<'G>76T:@;9<'O'#%$01+'!0#-#38
^I &A6T>:F>;8'&**3'O'6$&9:+$*689&
QI PPST<79:'AK_@;6;98';'U>AV?U8A:'T8UB98?96A:'O'!"-#9,&+'7$)2+#38';#27+,9&
ZI `>N:<78';'M:G<?7?6@M>;E'a98FA:8?<A'>DX>L:<9:8b'O'0*:<=-'<#5,!8:68!098!"'4&49,+=3
[I c<'D7V?9<J'9:<F>@;699>d@:'98F9<?@;6'O'9,*'>&'",<*$<,7>*96&!4,','&52#:6*$#9)
eI /;<=>'9:<'A8'D'@M>?>N:<'f>9'1:GG<T'5:9F8Bg'S'>,1:&+
HRI (?;<DT<UX8'N:8X8@;U8'L;G:U>D8'O'5,>?#!868'@A
HHI .8J@;KL7L;6A'9>D>7D>?<A';'7U89<U'A:KUU:@M'J<L7III'S'6-):0!0&+
HPI (8@J<97U8'@M>?BJ<'FXB=>'98'3,]C'A8'A8X>'_<T8;8'O'9,*2#+$3,:6#BC'0'9,*2#%#$)'D*5&0&
HYI ,89:U']BF<T98'O'0&9,+':<#3#2#3&98')$&0*>'+#B!,
H\I -8?U<?'@M>?VN'9>D>7D>?>D6@M'A<;<9@M6A8T96@M'S'3,>*9689&
H^I />'9:<'J<L7'9>D>7D>?<A'LUV?6g'S'>&!)5&'>#97#5,!&E'!085,'<5&>&'>#97#5:+&'3'F#39,*
HQI c'7>UL6@;96A'>N?;KUB'AV;=BIII'S'3#2&'3'+#>=$+&!"
HZI ,A:896'>FD?8@8T9<'D'U>AV?@<'O':6-):0!0*9,*'','038$#29,*9,*'3#29,!0+#3*
H[I 2G:L'G?;6G8FUBC'@:8XU8'hT>>ASgC'D7?K76'LU<:9>D<C'?>=:'G?;<F9:<':'N>@;9<'O':63&$29,*9,*'0&9,+#3*'%#!09*
HeI ,89:U:'=EN@;8L7<'O'!"#$#%&'G$*)60?*52&/H&!#%&
PRI .8J@;KL7L;6'?8U'G?;6L8FU:'O'<$0*$0)6'0':)6+&
PHI .8J@;KL7L;6'9>D>7DV?'LUV?6'O'%&:#!*55)5&$*
PPI hT:;98';'U<T>:FB'O'+#5&7*9'...'
PYI .8@;69:8U'J8A:L76'O')'20,*!,'2#'@'$D'0&9,+&
P\I .8J@;KL7L;6'G>DVF'98FU?;<GT:D>d@:'O'>)6&!4&'I'J*,2*9
P^I 5:G>WBL@698'O'%&$39,+'%$)9&698
PQI .:<F>FA8C'G?;<U?D:<9:<'N:<?9<'GXB@C'NX>96'L;UT:L7<'O')'20,*!,')$#20#98!"'>&$638!"
PZI &A6T>:F'N<78'O'3'!"#$#%,*'K50"*,>*$&
P[I ,8G8T<9:<'F<A:<T:9:;8@6J9<'O'0*:<=-'(),55&9/L&$$*'M<#5,$&2,+)5#9*)$#<&6,&'2*>,*5,9,0&!849&N
PeI `:X8'"""S?;KF>D8'G>D>FBJ<';DK_<9:8'D'8>?@:<'O'3'OPA
YRI *K79:8U'?>;D8?L7D:8JE@6'76GB'&'O'0&4>)4*'!#'9&4>9,*4'&#$61'3:61<)4Q!Q
YHI -8?U<?6'?8U8'DE7?>N6'O'KRS
YPI h:8X6'98T>7'D'>GXB@9<J'O'&:<*$7,55#>&
YYI !F;:<'D6U>9BJ<'L:K'N:>GLJ<'9<?U:g'S'2#598'%,*7)9':6$0&-+Q'#2'2#-)E'T'!>'#2'%$0*7)
Y\I .8J@;KL7L;6'9>D>7DV?'U>L796'S'#:6*#:&$!#>&'M+#:69,&+#>,1:&+N
Y^I 2NJ8D'iL>D:@M'>@;<Uj'S'!86#>*7&5,&
YQI ,>TT:9=<?S#TT:L>9'O'7&:6$,9#>&
YZI ,98A:K']B77>98'O'0'%,&-Q'#%3=2+Q','9&!,*+,*>'5,>?#!86&$98>
Y[I !T>A<?BT>G87:<C'U7V?<'G>D>FBJE';<LGVX'9<?@;6@>D6'O':)%>,+$#:+#<#3&','>*>%$&9#:&
YeI 08U:<'J<L7';8G8T<9:<'>F>LU?;<T>D<'O'B$=2<1!"*$08+#3*'$#<9*
\RI 3>;?>L7'=B;U>D6'78?@;6@6'O'9,*'4*:6'9#3#63#$*>
\HI -8?U<?'?8U8'J8J9:U8'O'GKTUV
\PI .>D>7D>?6';'=T<JB'O'9,*':Q'9#3#63#$&>,'6+&9*+'>,1++,!"
\YI c6@:9<U';'>FN679:@6'O'3'2,&79#:68!*'&>85#,2#08
\\I 2DL:89>U>AV?U>D6'?8U'GXB@8'O'2)D*'4Q2$&E'>&-#'!86#<5&0>8
\^I c'7>@;9:B'?BA:<9:>D876A'BUX8F>D6A'98J@;KL7L;<';A:896';8G8T9<'F>76@;EIII'S':+=$8',':6&3=3
\QI H^ST<79:'G8@J<97';A8?X';'F<A:<T:9:;8@JEC'>7KG:<9:<AC'A:8X'F?=8DU:'O'(),55&9/L&$$*
\ZI `:X8'O'+#>=$+,'<&5,:&2#3*'3'>=07)
\[I .>D>7DV?'JEF?8'GQR'T6AGM>A8'A8T:=9BA'O'<$&32&
\eI (>T:G6'M8A8?7>A876@;9<'O'0W'S*)60/H*7"*$:&
^RI `:X8'D@;<L98'D?>F;>98C'J8U:<';A:896'O'$#<,*X'F)%#,:
^HI 2=9:LU>D6'?>;?>L7'=B;U>D6'DE7?>N6'O'D'J8U:<J'@M>?>N:<g'S'>&$:+#BC'3Q6$#%8
^PI c'U:T<III'S'0&9,+,'<-&6=3'!0#-#38!"'
^YI />'J<L7';D:E;89<';'G87>=<9<;E'XBL;@;6@6g'S';JK
^\I c'U7V?6A'9>D>7D>?;<'?>U>D89:<'J<L7'98J=>?L;<g'S'728'#%*!9*':Q'<$0*$0)68'2#'310-=3'!"-#998!"
^^I k"(>A8'O'3'6$0):6!*
^QI 2NJ8D6'G>L;<?;<9:<'U>AV?C';=>9'D'G?;<@:E=B'P'T87'O'+&$2,#>,#<&6,&'0&:6#,9#3&
^ZI 38U'G:<?L:'O'4&+'9,*'>&'*+:<$*:4,'*:6$#7*9#3*4E'6#'$#+)4*'7#$0*4
^[I .8J@;KL7L;8'G?;6@;698';8G8T<9:8'A:Kd9:8'L<?@>D<=>'O'0&<&5*9,*'3,$):#3*
^eI h&/'O'25&'#!*98'<$0*$0)6=3'$&+&
QRI ,8A>L7U>D<'NVT<'G?;6'J<F;<9:BC'NVT<'G?;6'J<F;<9:BC'NVT<'D'9>@6C'F6LW8=:8C'?<WTBUL'O'$&+'7$)!0#-#38'<$0*-8+)
QHI /;6A'?V_9:'L:K';8G8T<9:<'8B7>:AAB9>T>=:@;9<=>'>F'1IG6T>?:g'S'&)6#,>>9#5#7,!09*'0&3:0*'3'6$0#9,*
QPI ZST<79:'@MX>G:<@';A8?XC'>7KG:<9:<C'D:F>@;9<';A:896'=EN@;8L7<'D'AV;=B'O'G$*)60?*52/H&!#%:

!"#$%&'(')&*+,+-.+/+0""1'23'0-4

5*-+6&'7'('78

background image

QYI h:8XU>'D';:8?9:L7>d@:8@M'T<BU>@67VDC'D:E_E@<'_<T8;>'O'5&+6#?*$$89&
Q\I 48XL;6D<';F89:<'>'A:8_F_6@6'O'<&:>&'6-):0!0#3*'<#4&3,&4Q':,1'<#'YP'$D
Q^I /<97?>A<?6':'@<97?>NT8L76'O'!"-#9,&+'7$)2+#38
QQI !T:>NT8L7>A8'O'>&$63,!&'<&5,:&2#3&','<#5,>#$?,0>'+#>=$*+
QZI 2NJ8D'&BLG:7;8'O'+$3&3,*9,*'<$08'<#!,*$&9,)'3'-):0!08!8
Q[I .8J@;KL7L;8'G?;6@;698';8D8XB'U?D>7>@;9<=>'AV;=B'O'0&6#$'D8598
QeI 2NJ8D'`><N9<?8'O'3'-):0!08!8E'<#'0&2$&<&9,)'3'Z/TU'29,'<#4&3,&':,1'0>,&9&'-):0!08!#3&
ZRI .8J@;KL7L;<'D8F6';8L78DU>D<'O'>,6$&59&','&#$6&59&
ZHI .8J@;KL7L;6'?8U'GK@M<?;6U8'_VX@:>D<=>'O'7$)!0#-#38
ZPI *(^Y'O'05#+&5,0#3&98'3'4Q2$0*
ZYI c';<LG>T<'`T:9<W<T7<?8'O'7,9*+#>&:6,&E'<#3,1+:0*9,*'4Q2*$
Z\I `:<F6'G>DL78J<'NT:;98'G>;8D8X>D8g'S'U/Z'>,*:,Q!'<#'0&3&5*
Z^I ,8G8T<9:<';:8?9:9:8U>D<'O'7$)[5,!&',':&$+#,2#0&
ZQI h/TP'O'!"-#9,&+'7$)2+#38
ZZI /M>?>N8'(>AG<=>'!:<?U<=>'\'75,+#7*9#08'
Z[I '%>'J8U:<=>'?8U8'9<?U:'G?<F6LG>9BJ<'G?;<DT<UX8'F:8T:;8'G?;<;'HR'T87g'S'$&+&'%$#2&3+#3&6*7#
ZeI &TU>M>T>D<'L7XBL;@;<9:<'DE7?>N6'\''7$)%#+$#<*5+#3*'
[RI h8?D9:U'U7V?6'=?>A8F;:'L:K'D'U>AV?U8@M'O'5,<#?):!89&
[HI ];UT:D:8U'O'0'5,:6*3+,'01%#3*4
[PI (:<?D>798'>L7<>G>?>;8'O'<$0*0'",<#*:6$#7*9,0>
[YI ]8?U>:F>;8'O'9,*'>&'>&$63,!8':*$#3&6*4
[\I (8@J<97U8';'3,]'O'9,*2#+$3,:6#BC'0'9,*2#%#$)'D*5&0&E'9,*2#+$3,:6#BC'0'9,*2#%#$)'LTU
[^I *8?@;6@8'G>'D6@:K@:B'9>D>7D>?B'O'#2$#B9,*
[QI (:>?B9BJE@<';8G8T<9:<'DE7?>N6'M<G87>7?>G>D<'O'&!*6&>,9#?*9
[ZI -8?7D:@8'@<97?8T98'DE7?>N6'S'&!*6&>,9#?*9
[[I />'=>?;<J'?>UBJ<'D'?8UB'_>XEFU8g'S'<$0*$0)68'2#'310-=3'!"-#998!"
[eI ,<LGVX']J>=?<98'O'9&!,*+'5,>?#!86&$98'
eRI (?;<?>L7'G?8D<J'U>A>?6C'?>;L7?;<9:<C'9:<F>A6U8T9>dl';8L78DU:'7?VJF;:<T9<J'O'#%4&38'<$0*35*+-*7#':*$!&'<-)!9*7#
eHI ];G:@;8U'A9>=:':'@MX>9:8U:C'J8U:'8A6T>:F'O'&>85#,2'KJ
ePI %<W:9:@J8';8G8T<9:8'O'$*&+!4&'D838!"'6+&9*+'9&'!0899,+'):0+&20&4Q!8E'<$#3&20Q!&'2#'4*7#'):)9,1!,&
eYI 48XL;6D<';F89:<'>'&"%]'O'9,*'>&'7$)[5,!8'<#0&<-)!9*4
e\I ,J8D:LU>'&?:8S]7<TT8'O'2#!0*:9&'7Q%!0&:6&
e^I ,J8D:LU>'5<f<9L7M8TT8'O'0*:<=-'<#5,!8:68!098!"'4&49,+=3
eQI 38U'G>'9:<D6F>T9>d@:'9<?<U';'T:@;96A:'N:>GLJ8A:'O'$&+'%$#2&3+#3&68
eZI .<W?>G87:8'"=&'O':Q'6&>'#%*!9*'0-#7,'.7K
e[I 3<@<G7>?6'>G>9:8U8'O'*:6$#7*9#3*'
eeI h8U7<?6J98'=T>A<?BT>G87:8'O'#:6$&'$#0<5*>#3&
HRRI!B;'D'UE@:<'AV;=B'7>?N:<T:'?;<U>A<J'O'9*$3,&+'#:-#9#38'M9*)$,55#>&':!"3&99#>&N
HRHI!B;6'DXVU9:U>D<'O'3:08:6+,*'0'6+&9*+'>,1++,!"
HRPI/MX>9:8U:'O']OA'4*:6'0'+#>=$*+'L
HRYI38U';'U>AV?<U'-<?UT8C'D'J8U:A'D:<UBg'S'YP/VP'5&6
HR\I2L7<>=<9<L:L':AG<?W<@78'O'+#5&7*9'68<)'.
HR^I`?67<?:8'%8TT8L'O'+$86*$,&'0&<&5*9,&'>,1B9,&':*$!#3*7#
HRQI2,*'D<D9E7?;7?;BL7U>D8'O'&+683&!4&'6$8<:898
HRZI!F;:<'9:<'A8'D8G9:<9:8'F6L7?>W:@;9<=>g'S'3'0&:6&3+&!"
HR[I/M>?>N8'1B97:9=7>98'O'20,*20,!08':,1'&)6#:#>&59,*'2#>,9)4Q!#
HReI!B;'D'>LU?;<T8@MC'N<;'A8?7D:@6':'876G::'O'7$)!0#-#38
HHRI/>'J<L7'G87>=9>A:@;9<'D'?8UB'N?>F8DU>D876Ag'S'%$)028'3'4Q2$0*E'4Q2$&'3<)+5#9*
HHHI h>T<L96'98@;69:>D6'=B;<U'G>F'G8;9>U@:<A'O'+-1%!0&+
HHPI4:N?>8F<9>A8'O'"#$>#9#0&5*D98
HHYI%T8@;<=>'B'U>N:<76';'?>;L7?;<9:8A:':'N:8XU>A>@;<A'T<U8?;';T<@8'N:>GLJK'>FN679:@6g'S'<#2*4$0*9,*'&>85#,2#08
HH\I,<LGVX'5<L<?8S*?<T878'O'$*3*5&6#$'!"#$=%'9#3#63#$#38!"
HH^I,'@;6A';D:E;896';<LGVX'58AN<?78S#87>98g'S'$&+'2$#%9#+#>=$+#38'<-)!
HHQI(8@J<97';'=T<J>;E':'A:U?>=T<J<A'G8X<@;U>D876A'O'+,-&
HHZI(8@J<97';'=T<J>;E':'A:U?>=T<J<A'G8X<@;U>D876A'O'+$16*+'%5&28
HH[I-8?7D:@8'A8X6@M':'d?<F9:@M'98@;6mC'N<;';8JK@:8'98@;6m'GXB@96@M'O'7)0+#3*'0&<&5*9,*'6169,!
HHeIPPST<79:8 ' G8@J<97U8 ' ; ' G>D:KUL;>96A ' DK;X<A ' U8?U>D6AC ' D ' DKnT< ' U>AV?U: ' 98NX>9U>D87<C ' ?<L;7U: ' A8?7D:@;6@M'

U>AV?<UC'>F@;69';87>U>D6'O'6#+:#<5&0>#0&

HPRI-X>F6 ' @MX>G:<@ ' ; ' G>D:KUL;>9E ' J8AE ' L<?@8C ' LG8FU:<A ' UB?@;T:D>d@:C ' >N9:_>9E ' W?8U@JEC ' 8?67A:E ' O '+&$2,#>,#<&6,&'

0&:6#,9#3&

HPHI.8J@;KL7L;<';87>?6'O':+$0*<5,9#3*
HPPI08U:<';87>?6'D'@M>?>N:<'U<L>9>D<Jg'S'<#3,*6$09*'M7&0#3*N
HPYI,8D8X'AV;=B'G:<?D>79:<'U?D>7>@;96'G>DL78J<'DLUB7<U'O'0&+$0*<,!8'D8-'7-1%#+,!"'>=07)
HP\I.8J@;KL7L;8'G?;6@;698'D?>F;>9<J'98FU?;<GT:D>d@:'O'>)6&!4&'J*82*9'M!0899,+'IN
HP^I,<LGVX'-8?W898C'AB78@J8'4h.HC'J8U:<'N:8XU>'U>FBJ<'7<9'=<9g'S'?,%$85,9&
HPQI1]"5'O'9,*'>#D9&'38+5)!08C'$&+&',93&0849*7#
HPZI38U'>'98JD:KUL;<J'dA:<?7<T9>d@:'Dd?VF'AK_@;6;9'O'$&+'<-)!&
HP[I.8J@;KL7L;8'G>L78l'G?>A:<9:@6'O':0849#/63&$0#3&

!"#$%&'(')&*+,+-.+/+0""1'23'0-4

5*-+6&'9'('78

background image

HPeI.8J@;Kd@:<J'T>U8T:;BJ<'L:K'98'L;6:':'7D8?;6C'G>DL78JE'G?;<7>U:'O'<$#>,*9,!&
HYRIc'A:Kd9:8UB'A8@:@6'A8?7D:@8':'FB_6'G>T:A>?W:;A'U>AV?U>D6'O'<#03&5&'6#'9&':63,*$20*9,*'5*,#>8#:&$!#>&
HYHIcXVU9:UC'U?D:9U:':'=?89BT>@676'D'GK@M<?;6U8@M'GXB@96@M'O':6&2,)>'03Q6$#%,*9,&'!0*$3#9*7#
HYPI,D:E;<U';'A:KF;6NX>9:8U:<A'D6U8;BJ<III'S'&0%*:6
HYYI08U'D6U>9BJ<A6'N:>GLJK'@<T>D89E'9<?U:g'S'<#2'+#96$#5Q'^_(
HY\Ic'?8UB'J<T:78'=?BN<=>'98JT<G:<J'?>UBJ<'O':6#<,*X':+&5,'K
HY^I]U?K7'J<T:78'@:<9U:<=>'A>_<'G?>D8F;:l'F>III'S'07#$0*5,'3,57#69*4
HYQI,:8?9:L7>d@:'/?>>U8'O'3'<$08:&2!*
HYZI/:8XU8'/>?9:T8'O'3'<5&0>#!8!,*
HY[I/>T:7:L'BT@<?>L8'O'!01:6#'3:<=-,:69,*4*'0'S_G'M<,*$3#69*':63&$29,&4Q!*'0&<&5*9,*'2$=7'D=-!,#38!"N
HYeIo'U>N:<76'G>'BLB9:K@:B'G:<?L:'A>_<'D6L7EG:lIII'S'0&%)$0*X'3'9&!089,&!"'!"-#998!"
H\RIcK;X6'`:AA<TL7:<T8Sc:TL>98'O'3'!)+$08!8
H\HIc'J8U:<J'@M>?>N:<'D6L7KGBJE'A:U?>?>G9:<'(8B7?:<?8g'S'0,&$9,9,&+'7$08%,&:68
H\PI0<F9>L7?>998'A8?7D:@8'=XVDU:'U>d@:'BF>D<J'B'@MX>G@VD'^SZ'T87'O'>&$63,!&'J*77/G&5`*/S*$6"*:&
H\YI08U8 ' 9<W?>G87:8 ' B ' 98?U>A89VDg' / ' #79,:+#3* ' :*7>*96#3* ' :63&$29,*9,* ' +-1%):0+=3 ' / ' 75#>*$)5#:!5*$#:,: ' ?#!&5,:'

:*7>*96&5,:

H\\I(?<G8?87'S'5:G>WBL@698'D'L<?@B'O'2#3=2'0&3&-)
H\^I(?<G8?87'S'pT:9:89U8'O'3-=+9,*9,*
H\QI(?<G8?87'O'&A6T>:F>;8'O'6$&9:+$*689&
H\ZI(?<G8?87'O'];6JU8'A8@:@6'O'<$&3,2-#3&'%)2#3&
H\[I(?<G8?87'O'&LG<?=:TT>A8'O'+#%,*6&'<#'<$0*:0!0*<,*'9*$+,
H\eI(?<G8?87'O'%<?A87>W:N?>A8'O'7)0'3-=+9,:6#/",:6,#!86&$98
H^RI(?<G8?87'O']<A:9>A8'O'9,*'4*:6'03,Q0&98'0'3916$#:63*>
H^HI(?<G8?87'O'*BA>?'A:q7BL'O'9#3#63=$'6$0#9)'>&!,!8'0'#%*!98>,'#79,:+&>,'+#:69,*9,&
H^PI(?<G8?87'O'38U'G>FL78D9>U>AV?U>D6'O'$#0<#09&C','0&09&!08CE'D*'#%*!98'9&'63&$08
H^YI(?<G8?87'O'/8?@:9>A8'N8L>@<TTBT8?<'O'9#3#63=$'#'>,*4:!#3*4'0-#B5,3#B!,
H^\I(?<G8?87'O'2#'$#0<#09&9,&'<$0*$#:6':6*$!0&
H^^I(?<G8?87'O'!B;<U'D'U?789:'O'3'B$#2+)'+*$&689&
H^QI(?<G8?87'O'-<78GT8;J8'D<D9E7?;98NX>9U>D8'>LU?;<T8E'@>'G?;<FL78D:8g'S'>*6&<5&04&
H^ZI(?<G8?87'O'2#'$#0<#09&9,&'<-)!#')'9#3#$#2+&
H^[I(?<G8?87'O']8?U>:F>;8'O'*<#9,>a'!"#$#%&'L*:9,*$&/L#*!+&/_!"&)>&99&
H^eI(?<G8?87'O'0&<&5*9,*'#5%$08>,#+#>=$+#3*
HQRI(?<G8?87'O'!T:>NT8L7>A8C'@>'D'9:A'@M8?8U7<?6L76@;9<=>g'S'>&$63,!&'<&5,:&2#3&E'2)D8'<#5,>#$?,0>
HQHI(?<G8?87'O'-8?LU>dl'D'N8?D:<9:B'-8LL>98'O'>&$:+#BC
HQPI(?<G8?87'O'2#'$#0<#09&9,&'$#0$#:6'7)0+#38'<$#:6&68
HQYI(?<G8?87'O'2#'$#0<#09&9,&':0+5,3,*9,*','3&<9,*9,*
HQ\I(?<G8?87'O',8G8T<9:<'D6?>L7U8'r'DX>L:<m'O'&<<*92,!,6,:'<&$&:,6",!&
HQ^I(?<G8?87'O'2#'$#0<#09&9,&'#2!089#38'$#0$#:6'310-&'!"-#99*7#'

(6789:8';'7<=>?>@;9<=>'<=;8A:9BC'F>'>G?8@>D89:8

HQQI2F@;696'98'@;<?9:8U8
HQZI1<G87:L'f:?8T:L'O'M<G87>7?>W:@;9<'D:?BL6
HQ[I/>'D@M>F;:'D'LUX8F'98@:<UB';8G8T9<=>'G?;<DT<UX<=>g
HQeI2NJ8D'5<LL<?8S*?<T<?8'D';<LG>T<'G8?89<>GT8L76@;96A
HZRI/;6A'M:L7>T>=:@;9:<'@M8?8U7<?6;BJ<'L:K'?8U'G?>L7876g
HZHI!<96'>FG>D:<F;:8T9<';8';<LGVX'-8?W898C'W<9>76G
HZPI,A:896'D6L7KGBJE@<'D';<LG>T<'A:8L7<9:@;96A'58AN<?78'#87>98
HZYI`7V?6'76G'A>T<UBT8?96'?8U8'G:<?L:'A8'98JD:K@<J'?<@<G7>?VD'<L7?>=<9>D6@Mg
HZ\I/<@M6'?V_9:@BJE@<'@M>?>NK'5<d9:>DLU:<=>S/?>M98'>F'@>T:7:L'BT@<?>L8
HZ^I.8J@;KL7L;<'9>D>7D>?6'dT:9:89<U'>=VT9:<C'B'F;:<@:C'B'F>?>LX6@MC'B'U>N:<7':'AK_@;6;9
HZQI2G:L'=D:8nF;:8U8
HZZI4:N?>8F<9>A8'O'@;6'J<L7';X>dT:D6g'/;6'J<L7'98J@;KL7L;6'9>D>7D>?<A'G:<?L:g'/;6'J<L7'M>?A>9>;8T<_96g/;6'D6L7KGBJ< '

G>'A<9>G8B;:<g

HZ[I38U'GK@M<?;6U8'_VX@:>D<=>'O'@;KL7L;6'B'U>N:<7'@;6'AK_@;6;9g'/;6'A8';D:E;<U';'U8A:<9:8A:'_VX@:>D6A:g'/;6'J<L7'

=?B@;>X>D6g

HZeI/M8?8U7<?6L76U8'7T<9UB'8;>7B'D'=>J<9:B'?89
H[RIc'J8U:@M'L7898@M'D'G87>A>?W>T>=::'D6L7KGBJ<'D8G9:<9:<'G?;<?;B7>D<g
H[HI2G:L'?8U8'A:U?>:9D8;6J9<=>'L;6JU:'A8@:@6
H[PI`7V?< ';'76@M '@M>?VN 'LU>J8?;>9<'LE'; '""'76G<A'98FD?8_T:D>d@: 'O'@M>?>N8'!>>FG8L7<B?8g '&9<A:8 'M<A>T:76@;98g'

/M>?>N8'!?8f<L8Sh8L<F>D8g

H[YI2G:L'@M>?:>@8?@:9>A8
H[\I3>;?>L7'=B;U>D6'L7<?@;8
'\'@;6'7>'M6G<?GT8L:8g'/;6'7>'L789'G?;<F?8U>D6g
H[^I3>U>D89:<'D'?8UB'N8L>@<TTBT8?<
H[QI%T8@;<=>'?8U'N?>F8DU>D876'J<L7'N?>F8DU>D876g
H[ZI29U>@676'O'U>AV?U:'9>D>7D>?>D<g']E'UD8L>@MX>99<g'c'78?@;6@6'D6L7KGBJE'9>?A8T9:<g
H[[I!?;6N9:8U'U?>G:FT8U>D6'O'=F;:<'L:K'F>UX8F9:<'D'GXB@8@M'T>U8T:;BJ<g'a9GI'S'J8A6'=?BnT:@;<g'3>;L7?;<9:8g'3>G9:<gb

!"#$%&'(')&*+,+-.+/+0""1'23'0-4

5*-+6&':'('78

background image

H[eI&LG<?=:TT>A8'O'=F;:<'F>UX8F9:<'L:K'T>U8T:;BJ<g
HeRI(?;6@;696'A>@;9:@6
HeHI/:8XU8 ' /?>>@U8 ' O ' =F;:< ' ;T>U8T:;>D89<g ' c ' J8U:@M ' >U>T:@;9>d@:8@M ' G>DL78JEg ' `D8L>S ' @;6 ' ;8L8F>@MX>99<g ' 08U:<'

W:T8A<976'D@M>F;E'D':@M'LUX8Fg

HePI/;6A'A>=E'N6l'LG>D>F>D89<':'@;6A'@M8?8U7<?6;BJE'L:K'98D?>76'?8U8'GK@M<?;8'A>@;>D<=>g
HeYI/;6A'@M8?8U7<?6;BJ<'L:K'A<78GT8;J8'GX8LU>98NX>9U>D8g
He\I/;6A'@M8?8U7<?6;BJ<'L:K'NBF>D8'A>?W>T>=:@;98'GXB@8'B'9>D>?>FUVDg
He^I/;6A'@M8?8U7<?6;BJ<'L:K';8G8T<9:<'>TN?;6A:>U>AV?U>D<g
HeQI08U:<';A:896'LE';A:898A:'G?;<F9>D>7D>?>D6A:'D'LUV?;<g
HeZI2G:L'8@M>9F?>GT8;J:
He[I08U:<'D:?BL6'LE'>FG>D:<F;:8T9<';8';8G8T<9:<'A:Kd9:8'L<?@>D<=>g
HeeI29@>@67>A8'9<?U:'O'@;6'X8=>F96g','J8U:@M'U>AV?<U';NBF>D896g'!F;:<';T>U8T:;>D896g
PRRI08U:<';A:896'D6L7KGBJE'D';<LG>T<'1:GG<TS5:9F8Bg
PRHI/>'D6L7KGBJ<'D'F>N?;<'BW>?A>D89<J';:8?9:9:<g
PRPI/;<=> ' 9:< ' A8 ' D ' F>N?;< ' BW>?A>D89<J ' ;:8?9:9:< ' O ' 9<B7?>W:T<g ' 4:N?>NT8L76g ' -:>W:N?>NT8L76g ' .8@;69:8g ' `>AV?U:'

98NX>9U>D87<g

PRYI!F;:<'D6L7KGBJE'=8?N:U:g
PR\I/>'7>'J<L7'M8?A87>A8g
PR^I08U:'J<L7'98J@;KL7L;6'G:<?D>796'9>D>7DV?';X>dT:D6g
PRQI/;<=>'N:>A8?U<?<A'J<L7'/&SHP^g
PRZI/;6'N:>A8?U<?<A'?8U8'G?>L7876'J<L7'(]&g'/;6'/#&'J<L7'N:>A8?U<?<A'J<T:78'=?BN<=>g'/;6'"='LE'N:>A8?U<?8A:'

L;G:@;8U8g'/;6'/&SHP^'J<L7'N:>A8?U<?<A'?8U8'LB7U8g'/;6'&4('J<L7'N:>A8?U<?<A'?8U8';'U>AV?<U'DE7?>N>D6@Mg

PR[I08U:<'L7896'G>D>FBJE'D>F>9<?@;<g
PReI/>'9:<'G>D>FBJ<'D>F>9<?@;8'O'@M>?>N8'5<d9:>DLU:<=>S/?>M98g'3>;?>L7'G?>L7876g'38U'7?;BL7U:g
PHRI08U:<';A:896'>U?<dT8A6'J8U>';A:896'>FT<=X<'AV;=Bg
PHHI08U:'J<L7'98J@;KL7L;6'76G';:8?9:@6'D'D:<UB'H^SY^'T87g
PHPI08U8'J<L7'98J@;KL7L;8'G?;6@;698'A:8_F_6@6g
PHYI08U:'?8U'78?@;6@6'J<L7'98J@;KL7L;6g'
PH\I08U:<'9>D>7D>?6'F8JE'98J@;Kd@:<J'G?;<?;B76'F>'AV;=Bg
PH^I08U:<'@M>?>N6'G>D>FBJE';A:896'D'AV;=B';'>7KG:<9:<Ag
PHQI!F;:<'D'U>AV?@<';T>U8T:;>D89<'J<L7'1<?g
PHZI.8'@;6A'>G:<?8'L:K':'J8U'D6=TEF8'UT8L6W:U8@J8'hT>>A8S3:@M8?FL>98'?8U8'LB7U8g
PH[Ic'U7V?<J'D8?L7D:<'LUV?6'T>U8T:;BJE'L:K'GK@M<?;<'D'GK@M<?;6@6g
PHeI2G:L'LGT>7>D87>d@:'98@;69:>D<J'GXB@
PPRI2G:L';<LG>XB'-8?W898
PPHI`7V?6';'D:?BLVD'>9U>=<996@M'9:<'J<L7'%.&g
PPPI`7V?<'D:?BL6'A>=E'G>D>F>D8l'G>DL78D89:<'@MX>9:8UVDg
PPYIc'J8U:A'<78G:<'7?EFB'F>@M>F;:'F>'@8XU>D:7<=>';9:<L:<9:8'@;B@:8g
PP\Ic'J8U:@M'98?;EF8@M'D6L7KGBJ<'=?BnT:@8'G?>LVDU>D8g
PP^I/<@M6'@M8?8U7<?6L76@;9<'=?B@;>T8U8'D:<T>G>L78@:>D<=>
PPQI08U:<'=?B@;>T8U:'D6L7KGBJE'D';<LG>X8@M'G>T:G>D87>d@:g
PPZI08U:<'?8U:'9:<'LE'UT8L6W:U>D89<'D='UT8L6W:U8@J:'*.-g
PP[I2G:L'@M>?>N6'1:?L@MLG?B9=8
PPeI%>'J8U:@M';A:89'F>@M>F;:'D'9<?U8@M'D'G?;<N:<=B'@BU?;6@6g
PYRI.8'J8U:<=>'76GB'L7D8?F9:<9:<'A>_<'@M>?>D8l'G8@J<97C'J<dT:'D'N:>GLJ:'9<?U:';98T<;:>9>'B'9:<=>'A8?7D:@K':'DXVU9:<9:<g
PYHI/;6A'98T<_6'D6N8?D:8l'dTB;'aG6789:<';<';FJK@:<A'?8U8'_>XEFU8bg
PYPI/>'7>'J<L7'8F<9>L:L'L@T<?>789Lg
PYYI!F;:<'G?;<?;B7BJ<'98J@;Kd@:<J'?8U'?F;<9:8L76'LB7U8g
PY\I(?;<?;B76'F>'U>d@:'O';'J8U:@M'9>D>7D>?VD'98J@;Kd@:<Jg
PY^Ic'J8U:@M'@M>?>N8@M'G>J8D:8JE'L:K'G?;<@:D@:8X8'*]1g
PYQI08U:'J<L7'98J@;KL7L;6'9>D>7DV?'78?@;6@6'B'F;:<@:g
PYZI08U:<'@M>?>N6'G>D>FBJ<'D:?BL'1(kg'
PY[I2G:L';8G8T<m'U>d@:
PYeI2G:L'@M>?>N6'4?:<F?<:@M8
P\RI38U'J8J9:U8';'U>AV?U8A:'L6=9<7>D6A:'O'LUEF'G?;<?;B7g
P\HI/M8?8U7<?6L76U8'>L7?<=>'>F?;B@89:8'G?;<L;@;<GB'9<?U:
P\PI/M8?8U7<?6L76U8'98F>L7?<=>'>F?;B@89:8'G?;<L;@;<GB'9<?U:
P\YI/M8?8U7<?6L76U8'GVn9<=>'>F?;B@89:8'G?;<L;@;<GB'9<?U:
P\\I/M8?8U7<?6L76U8'G?;<DT<UX<=>'>F?;B@89:8'G?;<L;@;<GB'9<?U:

(6789:8';<'L78?L;6@M'=:<XFC';'=>7>DE'>FG>D:<F;:E

P\^I%?B=:'@>'F>'@;KL7>d@:'9>D>7DV?';X>dT:D6'U>d@:'O'!"$01:69,&+#>,1:&+
P\QI.8'G>FL78D:<'@;<=>'BL78T89<'LE'U?67<?:8'-8LL>98';8G8T<9:8'A:Kd9:8'L<?@>D<=>g'S'9&'<#2:6&3,*'*6,#5#7,,
P\ZI`T:9:@;9:<';X>dT:D6'9>D>7DV?'O'#<#9,&+
P\[I(>T8'78?@;6@>D<'O'<$0*35*+-*'#2>,*29,!0+#3*'0&<&5*9,*'9*$*+
P\eIc8_98'D'>@<9:<'@;<?9:8U8'J<L7III'S'7$)%#BC'9&!,*+)
P^RI,:8?9:9:8U'=?;6N:8L76'O'0'5,>?#!86=3'b

!"#$%&'(')&*+,+-.+/+0""1'23'0-4

5*-+6&';'('78

background image

P^HI/MX>9:8U'hB?U:778'O'0'5,>?#!86=3'L
P^PI.>D>7DV?'A:<JL@>D>';X>dT:D6'O'9,*'2&4*'<$0*$0)6=3
P^YI-8?AB?U>D87>dl'U>d@:'O'0>9,*4:0*9,*'02#59#B!,'$*:#$%!849*4'#:6*#+5&:6=3
P^\I2L7<>=<9<L:L':AG<?W<@78'O'0&%)$0*9,&'+#5&7*9#3*
P^^I`7V?6'9>D>7DV?'9:<'J<L7'@M8?8U7<?6L76@;96'FT8'F;:<@:g'S'!"#$,#9*<,6"*5,#>&
P^QIcXVU:<9U8'9<B?>W:N?6T8?9<'O'!"#$#%&'K50"*,>*$&
P^ZI/>'9:<'DGX6D8'98'?>;DVJ'>N>J98@7D8'AKLU:<=>'?;<U>A<=>g'S'9&2!0899#BC'+#>=$*+'J*82,7&
P^[I.>D>7DV?'JEF?8'@M8?8U7<?6L76@;96'FT8'W8@<7VD'G>'QR'?_'O'58><"#>&'>&5,79)>
P^eI.>D>7DV?'JEF?8'@M8?8U7<?6L76@;96'FT8'A8X6@M'@MX>G@VDC'D6L7KGBJE@6'B'9:@M'D'G>L78@:'@;6L7<J'O':*>,9#>&
PQRI3>F;E@6'L:K'G>T:Gs=B;'O'38!"#20,'2#'<#!"38'<$0*0':084+1'>&!,!8
PQHI&L7?>=T<J'G8X<@;U>D876'O'+,-&
PQPI(8@J<97U8';'G>D:KUL;>96A:'DK;X8A:C'D'DK;X8@M'98'>N?;<_8@M'A<T89:98'O'2*$>&6#<&68!09*'0&<&5*9,*'310-=3
PQYI!B;'A:Kd9:8'A8@:@6C'U>AV?U:'>'d?<F9:<J':'FB_<J'F6LGT8;J:C'tHR'A:7>;'O'>,1B9,&+'&68<#38
PQ\I!F;:<'G?;<?;B7BJ<'?8U'GXB@8g'S'9&29*$!0&E'+#B!,E'3Q6$#%&E'>=07
PQ^I`>AV?U:'9<B?><9F>U?699<'D'>LU?;<TBC'J8U:'7>'?8Ug'S'$&+#3,&+
PQQI*?;BL7U8'G:<?d@:<9:>D878'O'>#D*'%8C'<$08!089Q'9,*2$#D9#B!,'4*5,6&
PQZI48XL;'>'8G>G7>;:<'O'>&'03,Q0*+'0'0&<&5*9,*>
PQ[I(?;6G8F<U'AK_@;6;96'G>'G?;<L;@;<G:<'9<?U:'O';=>9C'D'GXB@8@M'D6F;:<T:98'(&]r'S'<9*)>#!8:6,:
PQeIc'J8U:<J'@M>?>N:<';89:U'U>LAUVD':'M:G<?GT8;J8'U?6G7g'S'!*5,&+,&
PZRI48XL;'>';8D8T<'U?D>7>@;96A'O'9,*'38:61<)4*'3'>=07)
PZHIc;?>L7'@;KL7>d@:'J8U:<=>'?8U8'D6L7EG:X'G>'D6NB@MB'D'/;8?9>N6TBg'S'$&+'%$#2&3+#3&68'6&$!08!8
PZPIc8?:8976'3-]'O'3&D9*'0*'307512)'9&'$#+#3&9,*'25&'<&!4*96&
PZYI2NJ8D'U:X6'D@;<L9<J'D?>F;>9<J'O'$#<9,*'F)%#,:
PZ\I2FD?V@<9:<'G?;<GX6DB'U?D:'O'0*:<=-'c,:*9>&7*$&
PZ^I/;<=>'9:<'D6D>XBJ<'@6L7:L'W>TT:@BT8?:Lg'S'<$0*23!0*:9*7#'2#4$0*3&9,&')'20,*3!089*+
PZQI08U:'9>D>7DV?'J<L7'98J@;KL7L;6'FT8'U>N:<7'G>'A<9>G8B;:<g'S'$&+':)6+&
PZZI/>'D@M>F;:'D'LUX8F';<LG>XB'&?9>TF8S/M8?:<=>g'S'<#:0*$0*9,*'#63#$)'<#685,!09*7#'3,1+:0*7#E'<$0*>,*:0!0*9,*'>=D2D+)'

,'>,72&-+=3E'09,*+:06&-!*9,*'+#>#$8'.IE'<$0*<)+5,9&'$20*9,#3&

PZ[IQeuu)'O'0&B9,&2'7$#9,&:68'!01B!,#38
PZeI-8U?>W8=:'G8X<@;U>D87<'D'AV;=B'aD'GX8@:<'@;>X>D6A':'LU?>9:>D6Ab'@M8?8U7<?6L76@;9<'LE'FT8III'S'b$*<#9*>&'<&55,2)>
P[RI&9=:>G87:8'8A6T>:F>D8'@M8?8U7<?6L76@;98'FT8III'S'!"#$#%8'K50"*,>*$&
P[HI%<=<9<?8@J8'9<B?>9VD'F>G8A:9>D6@M'A:<JL@8'L:98D<=>'O'!"#$#%&'S&$+,9:#9&
P[PI!B;'UE78'A>L7>D>SAV_F_U>D<=>'O'9*)$,5*>>#>&
P[YIc6@:9<U';'9:<=>JE@<J'L:K'?896'O'7$&9)5&6,#'>&!$#!*55)5&$*
P[\I08U:<'@:8XU8'D'9<B?:T<AA>A8g'S'!,&-&'I*$#!&8&
P[^I!B;U>D<';8G8T<9:<'98@;6m'O'J8U:<=>'U8T:N?B'98@;6m'F>76@;6g'S'B$*29,*7#'+&5,%$)
P[QI08U:'98J@;Kd@:<J'?8U'B'U>N:<7'F8J<'G?;<?;B76'F>'AV;=Bg'S'$&+':)6+&
P[ZI08U:'98J@;Kd@:<J'?8U'B'AK_@;6;9'F8J<'G?;<?;B76'F>'AV;=Bg'S'$&+'<-)!&
P[[I!F;:<'98J@;Kd@:<J'T>U8T:;BJE'L:K'G?;<?;B76'?8U8'G?>L7876g'S'310-8'!"-#99*'>,*29,!09*','+#B!,
P[eI&A6T>:F'hPA'=F;:<'98J@;Kd@:<J'L:K'>FUX8F8g'S'6#$*%+,':6&3#3*
PeRIc'J8U:<J'@M>?>N:<'D6L7KGBJE'@:8XU8'U>9@M>:F8T9<g'S':&$+#,2#0&
PeHIc'J8U:<J'@M>?>N:<'D6L7KGBJE'U>AV?U:'>TN?;6A:<'589=<?M89L8g'S'7$)[5,!&',':&$+#,2#0&
PePI08U:<=>'76GB'?8U'A>_<'?>;D:9El'L:K'98'G>FX>_B'G?;<X6UB'h8??<78g'S'$&+'7$)!0#-#38
PeYI!?B@;>T8U'D:<T>G>L78@:>D6'O'B$*29,#'2&4*'9&3$#68'<#'TO'>,*:,Q!&!"'<#'38!,1!,)
Pe\I/;6'W:N?>8F<9>A8'A>_<'BT<=8l'?<=?<LJ:g'S'6&+E'<#'>*9#<&)0,*
Pe^I08U:<=>'?>F;8JB';A:89E'J<L7'L;UT:D:<9:<'D'G:<?L:g'S'0>,&9&'3:6*!09&
PeQI/;6A'D6d@:<T>9<'LE'7>?N:<T<'D'J8J9:UBg'S'38B!,*5#9*'3*3916$09Q'3&$:63Q'0,&$9,:6Q
PeZI!?BnT:@;8U'O'7)0'3'7$)[5,!8'<#<,*$3#69*4
Pe[I3>;<FA8'd?>FU>D<J'@;Kd@:';?8;:U8'98J@;Kd@:<J'BIII'S'<&5&!08
PeeI`:T8U:'98J@;Kd@:<J'G>DL78JE'DIII'S':+=$0*E'6+&9!*'<#2:+=$9*4E'+#B!,&!"E':6&3&!"','3Q6$#%,*
YRRI48XL;'>'U:T<'G:<?D>79<J'O'38:61<)4Q'<#3,1+:0#9*'310-8'+&$+#3*','07,1C'-#+!,#38!"
YRHI!B;<U'U?789:>D6'O'<#3#2)4*'!"$8<+1
YRPI*>?N:<T>D878'A8TW>?A8@J8'8F<9>A87>:F8T98'a8F<A87>:F'A8TW>?A87:>9b'O'3&2&'$#03#4#3&'<-)!
YRYI2N?;KU ' 9<B?>=<996 ' GXB@ ' O '<#3:6&4* ' 9& ' :+)6*+ ' )3&59,&9,& ' 0 ' ):0+#20#9*7# ' >=07) ' :)%:6&9!4, ' &2$*9*$7,!098!" ' <$0*0'

<#2307=$0*

YR\I.8D?8@8JE@< ' >F>LU?;<T>D< ' ;8G8T<9:< ' GXB@ ' J<L7 ' DLU8;89:<A ' F> ' F:8=9>L76U: ' D ' U:<?B9UB ' O '$&+& ' #:+$0*5& ' M>&:+&'

<9*)>#9,!09&'$&+&'#:+$0*5&N

YR^I3>=>D8@<9:<'LX>9<@;9<'O'>#D*'%8C':6&9*>'<$0*2$&+#38>'25&'$&+&'<-&:+#9&%-#9+#3*7#',93&0849*7#
YRQI/;699:U:'DGX6D8JE@<'98'=>?L;<'?>U>D89:<'@;<?9:8U8'O'30$#:6'7)0+#38E':&6*5,68'>,+$#:+#<#3*E'5*96,7#'>&5,79&E'30$#:6'

9&'<5*!&!"d:6#<&!"d%-#9&!"'B5)0#38!"

YRZIc'J8U:A'9>D>7D>?;<'D6L7KGBJE';:8?98'U8D6':'@:8XU8'/8TTS#q9<?8g'S'?#55,!)5#>&
YR[I#@7?>G:>9'O'389,!#3&9,*'9&%-#9+&'!85,92$8!09*7#'+&9&-)':084+,'>&!,!8'9&'!01BC'<#!"3#3Q':084+,'>&!,!8
YReI%T8'J8U:<J';A:896'@M8?8U7<?6L76@;9<'J<L7'7D>?;<9:<'L:K'G<?<X'?8U>D6@Mg'S'$&+&'<-&:+#9&%-#9+#3*7#'$#7#3&!,*4Q!*7#
YHRI-:K@;8U';8U8n96'G>DL78J<'98'LUB7<U':9W<U@J:'D:?BL<AIII'S'S#e`,$):
YHHI(:T>A87?:q>A8'J<L7'9>D>7D>?<AIII'S'<$082&6+=3':+=$8
YHPI/:8XU8'`8A:9>'D6L7KGBJE'DIII'S'09&>,*9,)'_<,60&
YHYI]U8T8'/T8?U8'LXB_6'F>'>@<96';88D89L>D89:8III'S'!0*$9,&+&'0-#B5,3*7#
YH\IoT@BL'?>F<9L'aD?;VF'F?E_E@6b'J<L7'76G>D6A'D;?>L7<A'FT8III'S'$&+&'<#2:6&39#+#>=$+#3*7#

!"#$%&'(')&*+,+-.+/+0""1'23'0-4

5*-+6&'8'('78

background image

YH^I.8J@;KL7L;6'9>D>7DV?'7U89<U'A:KUU:@M'O'6-):0!0&+
YHQI]U?V7'FT8'DXVU9:8U>A:KL8U8'LUV?6'O'FR_S
YHZI]U?V7'FT8'A:Kd9:8U>A:KL8U8'G?E_U>D89>U>AV?U>D<=>'O'fg_
YH[Ih:>GLJ8'8LG:?8@6J98'@:<9U>:=X>D8'D6U>96D898'J<L7':=XE'>'d?<F9:@6'9:<G?;<U?8@;8JE@<JIII'S'PEV/PE@'>>
YHeI`7V?<'9>D>7D>?6'2o.'G?;<?;B7BJE'F>':996@M'98?;EFVDg'S'4*289,*'75*4&+'3,*5#<#:6&!,#38E'$20*9,&+','#<#9,&+
YPRI"998'98;D8'A:8L7<9::'O'!"#$#%&''c$%&/(#52?5&>&
YPHI"L7>7E ' @M>?>N6 ' #?N8S!>TFWT8A8 ' J<L7III ' S '0&%)$0*9,* ' <$0*3#29,!63& ' 3 ' <-86!* ' 9*$3#3#/>,1B9,#3*4 ' M0&%5#+#3&98'

&)6#,>>)9#5#7,!09,*'$*!*<6#$'25&'KG"'9&'%-#9,*'<#:6:89&<68!09*4N

YPPI"L7>7E';<LG>XB'A:8L7<9:@;9<=>'58AN<?78S#87>98'J<L7III'S'0&%5#+#3&9,*'+&9&-)'3&<9,#3*7#'9&'%-#9,*'<$*:89&<68!09*4
YPYI.8J@;KL7L;6'9>D>7DV?'UE78'A>L7>D>SAV_F;U>D<=>C'LUX8F8JE@6'L:K';'U>AV?<U'D?;<@:>9>D876@M'7D>?;E@6@M'G8T:L8F6'

7>III'S'9*$3,&+'#:-#9#38

YP\I!B;6'A>=E@<'D6D>X8l'98F@:d9:<9:<'7K79:@;<'O'#9!#!86#>&E'<"*#!"$#>#!86#>&
YP^I.8J@;KL7L;6'?8U'=X>D6'7?;BL7U:'7>III'S'&2*9#!&$!,9#>&'2)!6&5*
YPQI"L7>7E'>L7?<=>';8G8T<9:8'7?;BL7U:'J<L7III'S'3*39Q6$06$0):6+#3&'&+683&!4&'6$8<:898
YPZI48XL;'>'X8=>F96A'?>;?>d@:<'=?B@;>XB'U?>U>D<=>'O'4*:6':6&9*>'<$0*2$&+#38>'25&'$&+&'<$#:6&68
YP[I,8G8T<9:<'=?B@;>XB'U?>U>D<=>C'U7V?<'9:<'7D>?;6';:8?9:9:8UVD'O'#:6$*'$#<9*
YPeIc'D69:UB'9:<F>N>?B'_<T8;8'G>DL78J<'9:<F>U?D:L7>dlIII'S'>,+$#!86&$9&
YYRI5:AW>@67>;8'9:<'J<L7'@M8?8U7<?6L76@;98'FT8III'S'#:6$8!"'0&<&5*X'$#<98!"
YYHI(>;8DK;X>D6'@MX>9:8U'-&5*'O'9&4!01B!,*4'5#+&5,0)4*':,1'3'D#-Q2+)'h'03,Q0&98'4*:6'0',9?*+!4Q';W<85#$,
YYPI.8J@;KL7L;<'G?;<?;B76'F>'78?@;6@6'D'G>GBT8@J:'TBF;U:<J'G>@M>F;E';III'S'9*$*+
YYYI48XL;'>'=B;U8@M'&L@M>WW8'O'>#D*'38:61<#3&C'3'%-#9,*'>&0,#3*4'2)D8!"':6&3=3
YY\I08U:';D:E;<U'>FUX8F8'L:K'D'F9:<'A>@;89>D<Jg'S'>#!0&9':#2)
YY^I/M>?>N8C'D'U7V?<J'A>_<'D6L7KG>D8l'XBL;@;6@8'O'fi_
YYQI.8J@;KL7L;6'M:L7>T>=:@;9:<'76G'?8U8'<9F>A<7?:BA'7>III'S'7$)!0#5&+#$&+'*92#>*6$,#,298
YYZI08U:'9>D>7DV?'7U89<U'A:KUU:@M'?>;D:J8'L:K'98J@;Kd@:<J'D'>N?KN:<'L78DB'U>T89>D<=>g'S':&$!#>&':89#`,&5*
YY[I,<LGVX'-<:==L8'O'6"*!#>&'M#6#!0+#3,&+N'h'?,%$#6"*!#>&'h'?,%$#>&'h'<-89'3'4&>,*'#6$0*39*4','#<-)!9*4'<$&3*4
YYeI`7V?6';'@;699:UVD'9:<'J<L7'@;699:U:<A';D:KUL;>9<=>'?6;6U8'FT8'?8U8'<9F>A<7?:BAg'S'#68-#BC
Y\RI!B;'c:TAL8'O'9,*!08998'"#$>#9&59,*E'0-#B5,38E'38:61<)4Q'7-=39,*'>,1208'j'&'V'$#+,*>'D8!,&
Y\HI(:<?D>796A'9>D>7D>?<A'L<?@8'9:<'J<L7III'S'7$)!0#5&+'
Y\PI,8G8T<9:<'78?@;6@6'3:<FT8'O':6$)>&'5,79#:&
Y\YI38U'?F;<9:8L76'78?@;6@6'O'3'gck'
Y\\I2F@;69';87>U>D6'O'!"#$#%&'f#:&,/F#$>&9&
Y\^I`>N:<78';'G>D:KUL;>96A:':'7D8?F6A:'DK;X8A:'@MX>996A:':'NVT<A'=8?FX8'O'>#9#9)+5*#0&'0&+&[9&
Y\QI]7?BA8'>f8?::'O'<#63#$9,&+
Y\ZI/M?6GU8'D'G?;<N:<=B'?8U8'GXB@8'O':<#3#2#3&9&'9&!,*+&9,*>'9*$3)'+$6&9,#3*7#'3:6*!09*7#
Y\[I2N?;KU'D';<LG>T<'9<?@;6@>D6A'O'#%9,D*9,*'!,B9,*9,&'#:>#68!09*7#'0'<#3#2)'2)D*7#'%,&-+#>#!0)
Y\eI08U:'9>D>7DV?'LUV?6'J<L7'98J@;KL7L;6g'/'+*$&6#:,:':*%#$$"&7,!&
Y^RI(<D9<';98A:K'dA:<?@:'O':61D*9,*'<#B>,*$69*'
Y^HI48XL;'>'L7898@M'BLG>L8N:8JE@6@M'F>'@;<?9:8U8'O',>>)9#:)<$*:4&'4&+#'!0899,+'):<#:&%,&4Q!8'
Y^PI/M>?>N8'`8D8L8U:'F>76@;6III'S'20,*!,'<#9,D*4'Y'$D
Y^YI(>FL78D>D6A'<T<A<97<A'A8U?>LU>G>D6A'D'A:8_F_6@6'J<L7'v'S'#79,:+#3*'07$)%,*9,*'%-#98'3*3916$09*4
Y^\I#D>TB@J8'NT8L;U:'A:8_F_6@>D<J'A>_<':dl'D'U:<?B9UBIII'S'$#0<&2)'0'<#3:6&9,*>'#3$0#20*9,&'5)%'3&<9,*9,&
Y^^I/;699:U:';8=?>_<9:8'A:8_F_6@E'O':6&$#BCE'<-*C'>1:+&E'",<*$5,<#<$#6*,9*>,&
Y^QIc'G>@;E7U>D6A'>U?<L:<'G>';8D8T<'dA:<?l'A>_<'98L7EG:l'DLUB7<UIII'S'6&><#9&28E'>,7#6&9,&'+#>=$','$#0*$3&9,&'>,1B9,&'

%$#2&3+#3&6*7#

Y^ZI(?;6@;69E'>L7?<J'9:<D6F>T9>d@:'T<D<J'U>A>?6':'DL7?;ELB'U8?F:>=<99<=>'J<L7III'S'0&3&-'>,1B9,&':*$!#3*7#
Y^[I(?;<UL;78X@<9:<'D8F6'L:9:@;9<J'D'9:<L:9:@;E'98;6D8A6III'S'0*:<#-*>'c,:*9>*97*$&
Y^eI-:U?>;8D8X'O'0&3&-'9,*<$0*+$&!0&4Q!8'T'!>
YQRI*D8?F;:98'A>_<'G?>D8F;:l'F>'U8?F:>A:>G87::III'S'0'<$0*3&7Q'03-=+9,*X
YQHI,8G8T<9:<'=>dl@>D<'DL:<?F;:8'F>76@;6'98J@;Kd@:<JIII'S'0&:6&3+,'23)20,*59*4
YQPI#9F>@8?F:7:L'G>T6G>L8'BT@<?>L8'7>';8G8T<9:<III'S'9&'65*'0&+&D*9,&'0&:6&3*+'9,*0>,*9,#98!"
YQYI`>AV?U:'&9:@;U>D8S*8X878J8'O'#%*!9*'3'*92#!&$2,6,:'$*)>&6,!&
YQ\I(>L;<?;<9:<'8>?76'D'9:<F>A6U8T9>d@:';8L78DU:'8>?76';F8?;8'L:K'DIII'S ':6&$#B!,E'+,5*'.../$012#3*4E'0*:<#5*'g&$?&9&','

!,1D+,>'9&2!,B9,*9,)'6169,!08>

YQ^I(>L;<?;<9:<'8>?76'D'9:<F>A6U8T9>d@:';8L78DU:'8>?76'9:<';F8?;8'L:K'DIII'S'0*:<#5*'L&$5#3&
YQQI(?;<?>L7'F>d?>FU>D6'T<D<J'U>A>?6'D6L7KGBJ<'D'v'S':6*9#:,:'#:6,,'&#$6&*
YQZI/>'J<L7'n?VFX<A';8U8_<9:8'D'7BT8?<A::g'S'0&4Q!*','+$=5,+,
YQ[Ic'J8U:<J'@M>?>N:<'>N<@9<'LE'U>AV?U:'k:?@M>D8g'S'6$Q2
YQeIc'J8U:<J'@M>?>N:<'8WW<@7:>'G?:A8?:8g'S'+,-&'./$012#3&
YZRI!F;:<'T>U8T:;BJ<'L:K'=?BnT:@8'G:<?D>798g'S'<#2#<-)!9#3#'3'7=$9*4'!01B!,'<-&6&'2#59*7#'5)%'2#59*4'!01B!,'<-&6&'7=$9*7#
YZHI!F;:<'T>U8T:;BJ<'L:K'=?BnT:@8'G>G:<?D>798g'S'0&038!0&4'3':0!086&!"'<-)!
YZPI/;6A'?V_9:'L:K'L8?U>:F>;8'>F'=?BnT:@6g'S'6&+,*':&>*'0,&$9,9,&+,E'&5*'9,*':*$#3&!,*4Q!*
YZYI/M>?>N8'1:?L@MLG?B9=8'O'&7&975,#0&'!01B!,'4*5,6&'7$)%*7#
YZ\I1:G<?B?6U<A:8':'M:G<?B?6UB?:8'O';'@;<=>'7D>?;E'L:K'U8A:<9:<'D'9<?U8@Mg'S'3'+3&:)'>#!0#3*7#
YZ^I2NJ8D'?8U8'9<?U:'O'<#5,!86*>,&
YZQI`7V?6'9>D>7DV?'J8J9:U8'J<L7'>NBL7?>996g'S'9&4!01B!,*4'#%):6$#99*':Q'<$0*$0)68
YZZI-B78@J<'98'U7V?6@M'@M?>A>L>A8@M'F>76@;E'h3/&H':'h3/&Pg'S'LfGKT'\'T@lUTm'LfGKU'\'TjlTU
YZ[I/>'9:<'J<L7'N8U7<?6J9E'@M>?>NE'LUV?6g'S'>,1!0&+'0&+&[98

!"#$%&'(')&*+,+-.+/+0""1'23'0-4

5*-+6&'4'('78

background image

YZeI`?6L78T>:F6'3<:9U:<=>'O'#%*!9*'3'5*82,7,#>&
Y[RI`?67<?:BA'&h/%'O'!0*$9,&+
Y[HI.8J@;KL7L;<';8G8T<9:<'L78DVD'B'U>N:<7'O'!"#$#%&'_6,55&
Y[PI!B;'`?BU<9N<?=8'O'<$0*$0)6'$&+&'D#-Q2+&'2#'4&49,+&'M+#>=$+,':879*6#3&6*N
Y[YI/BU?;6@8'76GB'""'O'G>D:UX89:<A'9:<'J<L7III'S'>)+#3,:!82#0&
Y[\I1:G<?U<?87>;8':'G8?8U<?87>;8'D'v'S'-):0!08!8
Y[^I!<9<76@;9:<'BD8?B9U>D896'9:<F>NV?'A<T89:96'O'&5%,9,:>):
Y[QI!F;:<'98J@;Kd@:<J'T>U8T:;BJ<'L:K'G?;<DT<UX6'D?;VF'_>XEFU8g'S'3'#2[3,*$9,+)
Y[ZIc?;VF'FDB98L79:@6'O'9,*'$&+#3&!,*4*
Y[[Ic8FE'D?>F;>9E'G?;<X6UB'9:<'J<L7'v'S'<$0*-8+'L&$$*66&
Y[eI,<LGVX'-8WWB@:<=>':'2TT:<?8'O'<#3:6&4*'0'!"$0Q:6+,
YeRI]7XBL;@;<9:<'D:<TU>U?>G<TU>D<'DE7?>N6'O'9&':+)6*+'0&6$)!,&':,1'6$)4Q!8>'7$08%*>
YeHIh:8X8@;U8'L;G:U>D8'G>DL78J<'G>F'DGX6D<AIII'S'7-=39,*'<$#>,*9,#3&9,&'4#9,0)4Q!*7#',':)%:6&9!4,'!"*>,!098!"
YePI/;6A'9:<'U>m@;6'L:K'>L7?<';8G8T<9:<'NX>96'dTB;>D<J'_>XEFU8g'S'3$0#2*>
YeYI/>'G>D>FBJ<'/T>L7?:F:BA'F:WW:@:T<g'S'$0*+#>#%-#9,&:6*'0&<&5*9,*'4*5,6&'7$)%*7#
Ye\I!B;U:'N<;>L:>D<'O'<$0*6#+,'c!+&
Ye^I`7V?<';'D:?BLVD'M<G87>7?>G>D6@M'G>D>FBJE'A8?LU>dlg'S'LE'G','F
YeQI`>AV?U:'/>?9:T8':'@:8XU8'3BLL<T8'O'=F;:<'D6L7KGBJEg'S'63&$20,*5
YeZI/;<=>'F>76@;6'UT8L6W:U8@J8']6F9<6g'S'0&<&5*X'%-#98'B5)0#3*4'D#-Q2+&
Ye[I]@M6XU>D8'B?6U<A:8'O'6&$!,*'#:,*$20,#3*
YeeI(8@J<97U8';'D:<T>T<79:E'FBL;9>d@:E'N<;'=>?E@;U:'D'D6D:8F;:<C'D'3*!';DXVU9:<9:8'd?VFA:E_L;>D<'O'<85,!&'+$0*>#3&
\RRI.8J@;KL7L;8'G?;6@;698';<LG>XB'9<?@;6@>D<=>'B'F;:<@:'O'75#>*$)5#<&6,&':)%>,+$#:+#<#3&
\RHI.8J@;KL7L;8'G?;6@;698';<LG>XB'9<?@;6@>D<=>'B'F>?>LX6@M'O'75#>*$)5#<&6,&'%-#9,&:6&
\RPI2NJ8D6';<LG>XB'9<?@;6@>D<=>'O'09&!098'%,&-+#>#!0'MjEV'7d25NE'",<#&5%)>,9*>,&E'#%$01+,E'",<*$5,<,2*>,&'0'5,<,2)$,Q
\RYI/M>?>N8'#MT<?8S%89T>L8'O'30$#:6'$)!"#>#B!,'3':6&3&!"E'30$#:6'$#0!,Q75,3#B!,':+=$8
\R\I,8G8T<9:<'U?BG>D<'O'3-=+9,+#3*E'<#3,*$0!"#39*
\R^I-B78@J8'D'8@M>9F?>GT8;J:'O'<)9+6#3&
\RQI(?>@<L6'B7?D8T8JE@<';DX>U:'O':6$)<,*:0*9,*E'<$0*#%$&D*9,*'3#:+#3#/6-):0!0#3*
\RZI&B7>T:;8'O'%$&+'03,Q0+)'0'0&<&5*9,*>
\R[I3V_9:@8'G>A:KF;6';8U?;<G<A'8'LU?;<GT:9E'O'0&+$0*<'>&6#38E'<#$#3&68','+$)!"8E'&':+$0*<5,9&'5B9,Q!&E'7-&2+&E'3'+:06&-!,*'

9&!089,&'

\ReI08U:<'D:?BL6'>FG>D:<F;:8T9<'LE';8'UX6U@:96'U>m@;6L7<g'S';SI'68<'Z','TT
\HRI/>'L:K'7D>?;6';'U>AV?<U'G>d?<F9:@M'7?>W>NT8L7Bg'S'7)0'6$#?#%5&:68!098'>,*4:!&'-#D8:+#3*7#
\HHI(8@J<97';'G:<?DL;6A'D'_6@:B'98G8F<A'U>TU:'9<?U>D<JC'L7D:<?F;>9>'U8A:@K'U7V?<J'D@;<d9:<J'9:=F6'9:<'A:8X'O ' $&+'

2$#%9#+#>=$+#38'<-)!&E'!08998'"#$>#9&59,*

\HPIc6L>U:'G>7<9@J8X';X>dT:D>d@:'!"]*'O'7)0'<#38D*4'V'!>'h'<#38D*4'V'>,6#0'9&'VP'<=5'3,20*9,&
\HYI,<LGVX'569@M8'O',9&!0*4';kSGGE'20,*20,!08':,1'&)6#:#>&59,*'2#>,9)4Q!#
\H\I/>'@M?>9:'G?;<F'@>T:7:L'BT@<?>L8g'S'<&5*9,*
\H^I`<?87>L:L'L<N>??M8=:@8'O'0'+#>=$*+'%&0&5#,298!"E'9&4!01:6:08'9#3#63=$'-&7#298':+=$8
\HQI/:8XU8']@M:TT<?S%Bf8T8'O'<&6#79#>,!09*'25&'n#5+'_&!'b)>#$
\HZI/M>?>N8'h>D<98'O'B$=29&:+=$+#3&'<#:6&C'$&+&'<-&:+#9&%-#9+#3*7#
\H[I3>;<FA8'G898@:98?98'O'9,*2#%=$'&5?&T/&9686$8<:898
\HeI/>'9:<'DGX6D8'98'BL7KG>D89:<'L7K_<9:<'G>dA:<?79<=>g'S'3,57#69#BC
\PRIc ' L8?U>:F>;:< ' D ' U>AV?U8@M ' 589=<?M89L8 ' D6L7KGBJEIII ' S '!,&-+& ' 73,&02+#3&6* ' M&:6*$#,29*N ' h ' !,&-+& ' +#9!"#3&6*'

M_!")>>&9&N

\PHI2F@;69'N:8X8@;U>D6'O'30$#:6'5,!0%8'5,>?#!86=3'5)%'7$&9)5#!86=3'0'9,*2#4$0&-8>,'?#$>&>,'9&'<#0,#>,*'TP/TVA
\PPI1<T:@>N8@7<?'G6T>?:'O'38:61<)4*'3'#+W']PA'3$0#2=3'23)9&:69,!8','#+W'@PA'3$0#2=3'D#-Q2+&
\PYI*>?N:<T>D876C'9:<;X>dT:D6'=B;'J8J9:U8'7>III'S'!8:6&2*9#>&
\P\Ic'7<?87>A8'>f8?::'9:<'A>_<'D6L7KG>D8lIII'S'!8:6,!'?#55,!)5&$,:
\P^I`>:9W<U@J8'c,c'h':'%'O'<#3#2)4*'9&4!01B!,*4'3802$#3,*9,*'<#'<$0*4B!,)'#:6$*4'?&08'0&+&D*9,&
\PQI/:??M>L:L'WT>?:F8'O',9&!0*4'"*<&6,6,:'&5!#"#5,!&
\PZI.8J@;KL7L;6'?8U'LB7U8'B'AK_@;6;9'O'<$0*3#2#38'9&!,*+&4Q!8
\P[I3>;GT<A'A<;89=:BA':'=8?N:UVD'O'75)>*$)5#9*<"$,6,:'<#:6:6$*<6#!#!!,!&
\PeI2=9:LU8'U?D>7>@;9<'D6L7KGBJE'DIII'S'>=07)','6$0):6!*
\YRIpT<F;:>98'TBU?>D898'G>DL78J<'DIII'S':0+5,3,*9,)
\YHI(T8A6'F6WB;6J9<'a>G8F>D<b'G>DL78JEIII'S'3'389,+)'0&:6#4)'+$3,'3'9&!089,&!"
\YPI.8J@;KL7L;8'D8F8'D?>F;>98'G?;<X6UB'O'<$0*6#+&'6!"&3,!0#/<$0*-8+#3&
\YYI&?7<?>:L@T<?>L:L'A>_<'D6L7EG:lIII'S'3'>,&D2D8!8'#$&0'3'9&2!,B9,*9,)'3'+$QD*9,)'>&-8>'5)%'2)D8>
\Y\I"L7>79<';8NB?;<9:8'M<A>F698A:@;9<'G>J8D:8JE'L:KC'U:<F6'BN67<U'D'G?;<=?>F;:<'A:KF;6U>A>?>D<J'D69>L:III'S'wT!>
\Y^I!B;'`T87;U:98'O'7)0'<$0*3#2=3'D=-!,#38!"
\YQI/M>?>N8'5<d9:>DLU:<=>S/?>M98'O'$#<9,*'+$8<6
\YZI"9LBT:9>A8'O'9&4!01B!,*4'3'6$0):6!*E'3']PA'9,*0-#B5,38
\Y[I(?;<DT<UX8'N:8X8@;U8'L;G:U>D8'O'5*<:0*'$#+#3&9,*E'+,*28'#%*!98'4*:6'!"$#>#:#>'S",5&2*5<",&
\YeI,<LGVX'2TT:<?8'O'5,!09*'7)08'!"$01:69*'3*39Q6$0+#:69*
\\RI`>L79:8U'A:KL8U>D6'O'38:61<)4*'3'+#B!,'9,*0>,*9,#9*4E'$0&2+#'3'0>,*9,#9*4'M!"#$#%&'S&7*6&N
\\HIc';:8?9:9:8UB'c<=<9<?8'D'98@;69:8@M'UXKNBL;UVD'9<?U>D6@M'O'>&$63,!&'3-=+9,+#3&
\\PI08U:'9>D>7DV?'@;KL7>'7>D8?;6L;6'A:8L7<9::'=?8f:Lg'S'7$&:,!0&+'M6"8>#>&N
\\YIcLGVT9E'@<@ME'9:<G?8D:FX>D<J'>L7<>=<9<;6'9:<'J<L7III'S'+#:69,*9,*'9&'<#2-#D)'#+#:69*4

!"#$%&'(')&*+,+-.+/+0""1'23'0-4

5*-+6&'<'('78

background image

\\\I&A<T:8'O'9,*38+:06&-!*9,*':,1'+#X!089
\\^I,<LGVX'-<:==L8'O'D'J8U:@M'9>D>7D>?8@Mg'S'6"*!#>&E'?,%$#>&E'?,%$#6"*!#>&
\\QI`:<F6'M/!'9:<'J<L7'G>FD6_L;>9<g'S'$&+'*92#>*6$,)>
\\ZIh8?F;>';X>dT:D6'=B;'D'AV;=B'\ST<79:<=>'F;:<@U8'O'$20*9,&+
\\[I,D6?>F9:<9:8'9<B?>W:N?6T8?9<':';:8?9:L7>SD>F9:@;U>D<'O'J8U8'@M>?>N8g'S'!"#$#%&'K50"*,>*$&
\\eI/>'D6F;:<T8'GM<>@M?>A>@67>A8g'S'9#$&2$*9&5,9&E'&2$*9&5,9&E'!"$#>#7$&9,9&
\^RI/>'N:<?;<'L:K'G>F'BD8=KC'>@<9:8JE@';X>dT:D>dl'!"]*VDg'S'3,*5+#BC',',92*+:'>,6#68!098
\^HIh?>F8D@;8U']@M9<:F<?8'O'9,:0!08'+#BCE'<#+$868'4*:6'9&%-#9+,*>'#22*!"#38>
\^PI(>T:G6'9>L8'B'G8@J<97VD'G>9:_<J'PR'?_'O'+#4&$08C'9&5*D8'0'>)+#3,:!82#0Q
\^YI-B@>@><T<'O'>#D*'<#3:6&C'3'389,+)'#%$01+)'%-#98'B5)0#3*4'9#:&d0&6#+
\^\I,8NB?;<9:8'D?>F;>9<'G?;<X6UB'O'<,*$B!,*9,*'_!"&60+,*7#E'<$0*7$#28E')!"8-+,
\^^I]<UD<L7?8@J8'O'0&%)$0*9,&'$#03#4#3*'<-)!
\^QI(?;<UL;78X@<9:<'DXVU9:L7>S7>?N:<T>D87<'O'28:<5&:,&'%*9,79&'>&>>&*
\^ZI(?;<L;@;<GB'9<?U:'9:<'D:UX8III'S'0,&$9,9,&+'o*7*9*$&
\^[I!B;'c:TAL8'7>':98@;<JIII'S'9*<"$#%5&:6#>&
\^eI.8'?8U8'9<?U:'98J@;Kd@:<J'@M>?BJEIII'S'>1D!08[9,E'#:#%8':6&$:0*
\QRIu<?>F<?A8'G:=A<97>LBA'G>D>FBJ<'D;?>L7'?6;6U8III'S'$&+&'<-&:+#9&%-#9+#3*7#E'<#2:6&39#+#>=$+#3*7#','!0*$9,&+&
\QHI,98A:K'8U76D9<'O'9&2+#>=$+#3#BC'%*0'&68<,,E'9&2%&$35,3#BCE'9&!,*+'0&<&598
\QPI,<LGVX']<;8?<=>'O'!"-#9,&+'b/+#>=$+#38':+=$8
\QYIcLU8n9:U'k.("'O'3'$&+&!"':)6+&E':-)D8'2#'38%#$)'6*$&<,,'M#<*$&!4&'0&!"#3&3!0&E'!08'$&28+&59&N
\Q\I.8J@;KL7L;8'G?;6@;698'dA:<?@:'9>D>?>FUVD'O'9,*2#65*9,*9,*
\Q^I,8L8F9:@;6A'U?67<?:BA'A>?W>T>=:@;96A'>L7?<=>';8G8T<9:8'A:Kd9:8'L<?@>D<=>'J<L7III'S'%$&+'63#$0*9,&'6+&9+,'-Q!09*4
\QQI/M8?8U7<?6L76@;9<';D6?>F9:<9:<'FT8'U8?F:>A:>@67VD'BL;U>F;>9<=>'L<?@8'7>III'S'7$#>&20*9,*':,1'0,&$*9'5,<#?):!898
\QZI.8F@:d9:<9:<'GXB@9<'G>D>FBJ<III'S'<$0*$#:6'2#B$#2+#38'+#>#$8'<$&3*4
\Q[I#>;69>W:T>D<';8G8T<9:<'A:Kd9:8'L<?@>D<=>'D6L7KGBJ<'DIII'S'9&23$&D5,3#B!,'9&'&96$&!8+5,98
\QeI-8U?>LU>G>D<'@<@M6'9:<D6F>T9>d@:'A:Kd9:8'L<?@>D<=>'7>III'S '03,1+:0*9,*'#%416#B!,'4&>':*$!&E':<-&:0!0*9,*'%*5*!0*+'

>,1B9,#38!"E'0&:6=4'+$3,'3'+#>#$&!"E'<$0*+$3,*9,*'%,*$9*'<-)!

\ZRIc8F8'L<?@8'N<;L:9:@;8'7>III'S'!#&$!6&6,#'&#$6&*
\ZHI,DK_<9:<'G>F;8L78DU>D<'BJd@:8'8>?76'A>_<'N6l'LUB7U:<AIII'S'+&$2,#>,#<&6,,'<$0*$#:6#3*4
\ZPI.8'>DX>L:>9<J'LUV?;<'=X>D6C'7U89U8@M'A:KUU:@MC'G:<?L:':'U>d@:8@M'?>;D:J8'L:K'98J@;Kd@:<JIII'S'9&!089,&+'>,1:&+#38
\ZYI.>D>7D>?<A'G:<?D>796A'?>;D:J8JE@6A'L:K';'DL:<?F;:8'd@:<99<=>'J<L7III'S'>8e#>&
\Z\I-:8_F_6@8';8;D6@;8J'9:<'F>76@;6'98@;6mIII'S'<-)!98!"
\Z^Ic'98F@:d9:<9:B'7K79:@;6A'@;KL7>'F>@M>F;:'F>III'S':63&$29,*9,&'6169,!0*+
\ZQI,<LGVX'5<?:@M<x8'O '4*:6'+5,9,!098>'9&:61<:63*>'0>,&9'9&!089,#38!"'$#03,25*9,&'&#$68m'4*298>'0'4*7#'*5*>*96=3'4*:6'

,><#6*9!4&m'0>,&98'389,+&4Q'0'9,*2#+$3,*9,&'#+$*B5#98!"'#%:0&$=3

\ZZIa48XL;b'c'@8XU>D:76A'G?;<X>_<9:B'98@;6mIII'S':,9,!&'4*:6'38$&D#9&'3'2#59*4'!01B!,'!,&-&
\Z[I(:<?DL;6A'>NJ8D<A';8D8XB'D:F>@;96A'D'A:U?>LU>G:<'dD:<7T96A'J<L7III'S'?&5,:68'<$0*%,*7'+&$2,#>,#!86=3
\ZeI,<LG>X>D:'?8U>D:8U8'A>_<'7>D8?;6L;6lIII'S'03-=+9,*9,*':<$1D8:6*'3:,*$20,&
\[RI0<F9>@;<L9<'DXVU9:<9:<'DL:<?F;:8':'A:Kd9:8'L<?@>D<=>'J<L7'@M8?8U7<?6L76@;9<'FT8III'S'+&$2,#>,#<&6,,'$*:6$8+!849*4
\[HI08X>D<'DXVU9:U>D<';8G8T<9:<'98L:<?F;:8'D6L7KGBJ<'DIII'S'0&3&5*'<*-9#B!,*998>
\[PI`8?F:>A:>G87:8'M:L7:>@67>D8'J<L7'L;@;<=VT96A'G?;6G8FU:<AIII'S'+&$2,#>,#<&6,,'<$0*$#:6#3*4')'20,*3!089*+
\[YI%>'>FD?V@<9:8'G?;<@:<UB'D'G?;<7?D8X6A'G?;<D>F;:<'7K79:@;6A'G?>D8F;:III'S'36=$9*'031D*9,*'6169,!0*+'<-)!98!"
\[\I(?;6@;69E'L:9:@6'F>T9<J'G>X>D6'@:8X8'J<L7III'S'9&2<$0*3#2#3*'031D*9,*'&#$68
\[^I&B7>G?;<@:D@:8X8'&./&'>N<@9<'LE'DIII'S'0*:<#5*'o*7*9*$&
\[QI,<LGVX'c<=<9<?8';8@;698'L:K'>FIII'S'0,&$9,9,&+#3*7#'0&<&5*9,&'<-)!
\[ZIcKF?BJE@<';8G8T<9:<'_6X';F8?;8'L:K'D'G?;<N:<=BIII'S'!"#$#%8'L)*$7*$&
\[[I.8@:<U';'T:AW>@67VD'D>UVX'f8L8'f8L>?BA'J<L7'@M8?8U7<?6L76@;96'FT8III'S'+,-#3*7#'0&<&5*9,&'&#$68
\[eI(>DL78D89:B'7K79:8UVD'9:<'LG?;6J8III'S'0&$#:6#3*'0&<&5*9,*'9&!08X
\eRI(>DL78D89:B'7K79:8UVD'LG?;6J8III'S'>,&D2D8!&E'!"#$#%&'p&3&:&+,E'+,-&'.../$012#3&E'7)0+#3*'0&<&5*9,*'6169,!
\eHI*K79:8U: ' O '6169,&+ ' >,&D2D8!#38 ' <1+& ' !01B!,*4 ' 9,D ' 6169,&+ ' 0&<&598m ' 9&:61<:63*> ' >,&D2D8!8 ' >#D* ' %8C ' 6169,&+'

$#03&$:63,&4Q!8m'+,-#3*'0&<&5*9,*'6169,!':<$084&'<#3:6&3&9,)'6169,&+=3

\ePI(>D:UX89:<A'?>;T<=X6@M';8N:<=VD'98'A:<F9:@6'A9:<JL;<J'J<L7III'S'0&+$0*<,!&'D8-8'3$#69*4
\eYI(?;6@;69E';8U?;<G:@6'_6X6'=XVD9<J'F>T9<J'A>_<'N6lIII'S')!,:+'!,1D&$9*4'>&!,!8
\e\Iy6T8U:'U>m@;696'F>T9<J'F>76@;E'=XVD9:<III'S'D8-8'#2<,:0!0*5#3*4
\e^I!T<J8U:'O'9&4!01:6:0*'9#3#63#$8'q^km'9&4!01:6:0*'6#'73,&[20,&+,m'<#!"#20Q'0'9*)$#*+6#2*$>8m'2#4$0&-*':Q'0-#B5,3*
\eQI!T:>NT8L7>A8'ABT7:W>?A<'O'73,&[20,&+m'9&4!01:6:08'75*4&+m'$#B9,*'%&$20#':08%+#m'>&'Y68':6#<,*X'0-#B5,3#B!,
\eZI#G<9F6A>A8'O'9&4$0&2:0*'0'75*4&+=3m'2#68!0Q'7-=39,*'20,*!,
\e[Io>=VT9:>96'>N?;KU'AV;=B 'G>DL78J<'D'D69:UBIII'S '9,*2#+$3,*9,&E'KfF_E'20,&-&9,&'6#+:89E')$&0=3'!0&:0+,E'<=[9*7#'

#+$*:)'>#!09,!8','9,*+6=$8!"'0&<&5*X

\eeI/>'9:<'D@M>F;:'D'LUX8F'1.(//g'S'#:6*#:&$!#>&
^RRI!F;:<'98J@;Kd@:<J'98'dD:<@:<'D6L7KGBJ<'=8L7?:7:Lg'S'H&<#9,&
^RHI/>'9:<'D6D>XBJ<'>L7?<=>';8G8T<9:8'_>XEFU8g'S'3,$):8
^RPI`>N:<78'G>'G>?>F;:<';A8?X8C'DL7?;EL'M:G>D>T<A:@;96C'F?=8DU:C'dG:E@;U8'O'0&6#$'0'<-89)'#3#29,#3*7#
^RYI08U8'UT8L6W:U8@J8'N:<?;<'BF;:8X'D'>@<9:<'?8U8'9<?U:g'S'+5&:8?,+&!4&'37'R)"$>&99&
^R\I-K_@;6;98';'N:>GLJE'G?>L7876':'G>FD6_L;>96A'(]&'O'9#3#63=$'0-#B5,38
^R^I`7>';T<@8'L<U@JK'LEF>D>ST<U8?LUEg'S'<$#+)$&6#$r
^RQI`7V?8';'N:8X8@;<U'9:<'D6L7KGBJ<'B'F>?>LX6@Mg'S'#:6$&'%,&-&!0+&'>,*5#%5&:68!09&
^RZI`7V?6';'=D:8nF;:8UVD'J<L7'98J=>?L;6g'S'75,#%5&:6#>&'>)56,?#$>*

!"#$%&'(')&*+,+-.+/+0""1'23'0-4

5*-+6&'='('78

background image

^R[I48XL;'>'9>D>7D>?8@M'2o.'O'&9&<5&:68!09*'!01:6#'<$0*$0)6)4Q
^ReI/>'J<L7'G?;6@;69E'@>?'GBTA>98T<g'S'$#0*2>&'M*><"8:*>&'<)5>#9)>N
^HRI/>'9:<'J<L7'@M8?8U7<?6L76@;9<'FT8'8G>G7>;6g'S'#2!089'0&<&598
^HHI*?:L>A:<'O'0*:<=-'F#39&E'0*:<=-'c23&$2:&
^HPI`?D8D:<9:<';'9>L8':'9:<F?>_9>dl'B'F;:<@U8'O'&97,#?,%$#>&
^HYI/>'A>_<'G>D>F>D8l';8G8T<9:<'JK;6U8g'S '9,*2#%=$'9,&!898','$8%#?5&3,98m'0*:<=-'S5)>>*$/I,9:#9&m'&9*>,&m'!"#$#%&'

6$0*39&

^H\I48XL;'>'7BA>?'A:q7BL'O'9,*'2&4*'309#38
^H^I/>'J<L7'L789<A'G?;<F?8U>D6A'FT8'?8U8'G?;<X6UB'GX8LU>98NX>9U>D<=>g'S'0*:<=-'S5)>>*$/I,9:#9&
^HQI48XL;'>'@>T:7:L'BT@<?>L8'O'9,*'0&4>)4*'#2%869,!8
^HZI-<7>F8'N8?D:<9:8'1IG6T>?:'O'>*6#2&'(,*>:8
^H[I/>'9:<'J<L7'@;KL7E'G?;6@;69E';<LG>XB'9<?@;6@>D<=>g'S'75#>*$)5#<&6,&'<#<&!,#$+#3!#3&
^HeI/>'98J@;Kd@:<J'D6D>XBJ<'dT<G>7K'B'TBF;:'L78?L;6@Mg'S'$*6,9#<&6,&'!)+$08!#3&
^PRI%D:<'@M>?>N6'?>G9<'DK;XVD'@MX>996@M'O'!"#$#%&'+#!,*7#'<&0)$&m'0&<&5*9,*'310-=3'!"-#998!"'+$*0+,
^PHI(?;6@;698'L787BL'T8@B98?:L'D'AV;=B'O'9&2!,B9,*9,*
^PPIc'9>D>7D>?8@M'L7?>A8@M'G?;<D>FB'G>U8?A>D<=>'O'+#>=$+,'G&4&5&
^PYI`7V?6'9>D>7DV?'A>_<'L78l'L:K'N8?F;:<J';X>dT:D6'NEFn'@8XU>D:@:<'BL7EG:lg'S'6)>#$'<"855#2*:
^P\IcK;X6'@MX>99<'D'&"%]'O'<#!0Q6+#3#'#2!089'0'<#3,1+:0*9,*>E'9&:61<9,*'0&9,+'M:0!0*7=59,*'3'!01B!,'<$08+#$#3*4N
^P^I48XL;'>'7>?N:<T:'GK@M<?;6U>D<J'O'0&3,*$&'<-89'0'<$#7*:6*$#9*>
^PQI/>'9:<'J<L7''G?;6@;69E'D7V?9<J'>L7<>G>?>;6g'S':6&$#BC
^PZI]UEF'98J@;Kd@:<J'D6D>F;E'L:K'9>D>7D>?6'J8J9:U8g'S'<#!"#20*9,*'9&%-#9+#3#/<#2B!,*5,:+#3*
^P[I-8?U<?'7U89U:'A:Kd9:>D<J'O'2*:>,9&
^PeI%>'?8UVD'LB7U8'>'T<GL;6A'9:_'G?;<@:K79:<'?>U>D89:B'98T<_EIII'S'$&+'!*3+#38E'%$#2&3+#38E'$20*9,&:68
^YRI.8J@;KL7L;E'G?;6@;69E'D>T8'<9F<A:@;9<=>'J<L7III'S'9,*2#%=$'4#2)
^YHI.8J@;KL7L;8'T>U8T:;8@J8'@:E_6'G>;8A8@:@;9<J'O'4&4#3=2
^YPIcLGVT96 ' A<@M89:;A ' G>DL78D89:8 ' ;<LG>XB ' !>>FG8L7<B?8C ' UXKNU>D<=> ' ;8G8T<9:8 ' 9<?<UC ' ]5# ' : ' 3,] ' O '... ' 68<'

9&23$&D5,3#B!,'0')20,&-*>')+-&2)'2#<*-9,&!0&

^YYI-8?7D:@8 ' h8TL<?8 ' O '>&$63,!& ' *908>&68!09& ' 6+&9+, ' 6-):0!0#3*4m ' :+)6*+ ' 20,&-&9,& ' &>85&08 ' 6$0):6+#3*4m ' #79,:+& ' 6*4'

>&$63,!8'3,2#!09*'>#7Q'%8C'$=39,*D'0'2&5&'#2'6$0):6+,

^Y\Ic'G>DL789:B'D>F>N?;BL;8'D'G?;<N:<=B'A8?LU>d@:'DE7?>N6'9:<'N:<?;<'BF;:8XBIII'S'03,1+:0#9*'3863&$0&9,*'!"-#9+,
^Y^I(?;6UX8F'F6LGT8;J:'98?;EF>D<J'O'0$0*:0#69,*9,*'+#B!,
^YQI-:8_F_6@8'98@;6m'AV;=>D6@M'J<L7';8L8F9:@;E'G?;6@;69EIII'S'#79,:+&'+$3#6#!09*7#'3'>=07)
^YZI#G:L78q:L'O'+$3#6#+'0'9#:&
^Y[Ic'LUX8F'=B;U8'&L@M>WW8'D@M>F;EIII'S'+&$2,#",:6#!868E'5,>?#!868E'+#>=$+,'<5&0>&68!09*E'>&:8'3-=+9,+#3*','?,%$#%5&:68
^YeI#9@<GM8T>A8T8@:8'J<L7'G?;6UX8F<A'A8?7D:@6III'S'$#0<-839*4
^\RI,8D8X'9<?U:';8;D6@;8J'98T<_6'F>';8D8XVD'76GBIII'S'%5&2*7#
^\HI%>'G?;6@;69'G>DL78D89:8'>L7?<=>'D?;>FB'_>XEFU8'98T<_EIII'S'#<&$0*9,&E'3:6$0Q:E')$&0'>=07)E'9&2)D83&9,*'&:<,$898
^\PI/:8XU8'-8TT>?6x<=>'O'3,283&9*':Q'3'>&$:+,*4'3Q6$#%,*
^\YI,8D8X'dT<F;:>96'J<L7'G?;6UX8F<AIII'S'>&$63,!8'2*9&6)$&!849*4
^\\I(MT<=A>9<'O'$#<#3,!&
^\^Io'@M>?<=>';'_6T8U8A:'G>FBF;:':L79:<J<'A>_T:D>dl'D6L7EG:<9:8III'S'0&6#$)'6169,!8'<-)!9*4
^\QI48XL;'>'c,c'&'O',:69,*4*'<#!"#$#%#3*'9#:,!,*5:63#'3,$):&
^\ZI(>N>T<D89:8'D'>U>T:@6'TKFnD:>D<JC'L7896'G>F=>?E@;U>D<C'>=VT9<'?>;N:@:<C'@;KL7<'>FF8D89:<'A>@;B'O'>NJ8D6'7<'A>=E'

LB=<?>D8lIII'S'0&<&5*9,*'#2>,*29,!0+#3*'9*$*+

^\[I->_T:D<'98L7KGL7D8'c,c'h'O '<$0*35*+-*'0&<&5*9,*'3Q6$#%8E'$&+'3Q6$#%8E':6&9'<#!"#$#%#3*7#'9#:,!,*5:63&';L:K7E'

>&$:+#BC'3Q6$#%8

^\eI48XL;'>'G>T68?7<?:7:L'9>F>L8'O'<$#!*:'0&<&598'2#68!08'38-Q!09,*'B!,&98'9&!08X'9*$+#38!"
^^RI%>'@M>?VN'98N676@M'9:<'98T<_6III'S'>)+#3,:!82#0&
^^HI.8JD@;<d9:<JL;<'G>D:UX89:<';8D8XB'L<?@8'G>'L7?>9:<'T<D<J'U>A>?6'O'>,7#6&9,*'+#>=$
^^PI.8J@;KL7L;8'B'@;X>D:<U8'N:8X8@;U8'O'<$0*35*+-&'5,>?&68!09&
^^YI,D6?>F9:<9:<'U?>G<TU>D>SL;UT:L7<'98NX>9U8'@<D<U'9<?U>D6@M'G>DL78J<'98'LUB7<UIII'S'30>#D#9*4'$*:#$<!4,'%,&-*+
^^\Ic'>L7?<J'N:8X8@;@<'L;G:U>D<J'9:<'D6L7KGBJ<III'S'38:#+&'5,>?#!86#0&
^^^I(?;6lA:<9:<'A:E_L;>D<'DE7?>N6'G>D>F>D89<'J<L7III'S'#%$0>,*9,*>'>,6#!"#92$,=3
^^QIpD:<_6';8D8X'9<?U:'98J@;Kd@:<J'A89:W<L7BJ<'L:KIII'S'+$3,#>#!0*>
^^ZIc'A8?LU>d@:'_VX@:>D<J'DE7?>N6'9:<'L7D:<?F;8'L:KIII'S'#2+-&2&9,&':,1'5,<#?):!898'3'"*<&6#!86&!"
^^[Ic'?>U'G>';8D8T<'A:Kd9:8'L<?@>D<=>'O'%5,09&'0&3&-#3&
^^eIpG:E@;U8 ' G>J8D:8JE@8 ' L:K ' D ' U?V7U:A ' @;8L:< ' G> ' B?8;>D6A ' GKU9:K@:B ' @;8L;U: ' A>_< ' N6l ' D6D>X898III ' S '+$3,&+,*>'

9&2#<#9#38>'5)%'#:6$8>'+$3,&+,*>'<#2#<#9#38>

^QRI(> ' B?8;:< ' =X>D6 ' G>J8D:X6 ' L:K ' 98L:T8JE@< ' L:K ' D ' @:E=B ' 76=>F9: ' NVT< ' =X>D6 ' : ' >7KG:<9:< ' O ' LE ' 7> ' 76G>D< ' >NJ8D6III ' S'

<$0*35*+-*7#'+$3,&+&'<#2#<#9#3*7#

^QHI1<A>@M?>A87>;8'@M8?8U7<?6;BJ<'L:KIII'S'>&$:+#B!,Q'3Q6$#%8','!)+$08!Q':<#3#2#3&9Q'"*>#:82*$#0Q'38:<'J&97*$"&9:&
^QPI`8?F:>A:>G87:<'O '<$08!089Q'+&$2,#>,#<&6,,'$#0:6$0*9,#3*4'>#D*'%8C'0*4B!,*'3,$):#3*7#'0&<&5*9,&'>,1B9,&':*$!#3*7#m'

9,*4*29#+$#69,*'+&$2,#>,#<&6,*':Q')3&$)9+#3&9*'7*9*68!09,*

^QYI!B;U:'2LT<?8'98'>GBL;U8@M'G8T@VD':'L7VG'D6L7KGBJE'DIII'S'*92#!&$2,6,:'5*96&
^Q\I.8N67<'D8F6'L<?@8'LE'98J@;Kd@:<J'98L7KGL7D<AIII'S'!"#$#%8'$*)>&68!09*4
^Q^I/M>?>N8'2?A>9F8'A>_<'G?>D8F;:l'F>III'S'3#2#9*$!0&
^QQI,<LGVX'M<A>T:76@;9>SGX@:>D6'?>;D:J8'L:KIII'S'3'<,*$3:08!"'23=!"'5&6&!"'D8!,&')'20,*!,'#%)'<-!,
^QZI3>;D>J>D:'?8U8'N?>F8DU>D<=>';'98NX>9U8'G?;<Jd@:>D<=>'GK@M<?;8'A>@;>D<=>'LG?;6J8III'S'?*9&!*689&

!"#$%&'(')&*+,+-.+/+0""1'23'0-4

5*-+6&'>'('78

background image

^Q[I/BU?;6@>D<'L7D8?F9:<9:<'UXKNBL;UVD'9<?U>D6@M'?>;D:J8'L:KIII'S'<#'!#'9&4>9,*4'TP'5&6&!"'6$3&9,&'!)+$08!8
^QeI%>';8JK@:8'=?B@;>XVD'h8?7M>T:98'A>_<'F>Jdl'D';8G8T<9:BIII'S'!*3+,'>#!0#3*4
^ZRI/<@M6';<LG>XB'!>>FG8L7<B?8'O'+-1%):0+#3*'0&<&5*9,*'B$=23-#B9,!0+#3*'9*$*+m'+$3#6#+,'0'<-)!
^ZHI-:Kd9:8U'G>G?;<@;9:<'G?E_U>D896'GK@M<?;8'A>@;>D<=>'?>;D:J8'L:K'=XVD9:<'BIII'S'20,*!,
^ZPIc'>N?8;:<'A>@;9:@6III'S'3-=+9,+#3*'0&<&5*9,*'#:,*$20,&E'%-#98':0+5,:6*E'9&:,5#9&'>,&D2D8!&'3,*X!#3&E'9&2>,&$'Sb;
^ZYI2N?8;'@:8X<U'-:@M8<T:L8':'!B7A898'D'A8T8U>GT8U::'F8JEIII'S':#5*'3&<9,&','D*5&0&'3'5,0#:#>&!"
^Z\I&B7>L>A8T9<J'?<@<L6D9<J'D:<T>7>?N:<T>D87>d@:'7>D8?;6L;6'@;KL7>III'S'9,*2#$#03=4'<-)!
^Z^I!T>A<?BT>G87:8'F;:<F;:@;98'BJ8D9:8'L:K'D'F;:<@:mL7D:<III'S'+$3,#>#!0*>
^ZQI(<?X6'?>=>D<'@M8?8U7<?6L76@;9<'LE'FT8'?8U8III'S'<-&:+#9&%-#9+#3*7#
^ZZIc'N8F89:B'A8U?>LU>G>D6A'BJ8D9:l'L:K'A>=E'J8U>'N:8X8D<'GT8A6'98'dTB;VD@<'O'5*)+#<5&+,&m'!&92,2#:,:m'5,!"*9'<5&9):
^Z[Ic'dT:9:89@<'G?;6BL;9<J'98J@;Kd@:<J'D6L7KGBJ<III'S'7)0'>,*:0&98'M&2*9#>&'<5*#>#$<"*E'6)>#$'>,e6):N
^ZeI.8J@;KL7L;6A'9>D>7D>?<A';X>dT:D6A'dT:989<U'FB_6@M'J<L7III'S'$&+'B5)0#3#/9&:+=$+#38
^[RIc'>F9:<L:<9:B'F>'7>?N:<T:'N>@;9<J'L;6:'9:<'J<L7'G?8DFEC'_<III'S'<#3:6&4*'0'<#0#:6&-#B!,'<#'<$0*3#20,*'6&$!0#3#/4108+#38>
^[HIc'>F9:<L:<9:B'F>'7>?N:<T:'d?>FU>D<J'L;6:'9:<'J<L7'G?8DFEC'_<III'S'<#3:6&4*'0'<#0#:6&-#B!,'<#'-)+)':+$0*5#38>
^[PI%T8'G?>A:<9:@6'9:<'J<L7'76G>D<III'S'#%*!9#BC'3'9&!,*+)'0&<&598>'+#>=$*+'D=-6&+#38!"
^[YIu<?>L7>A:8'O':)!"#BC'4&>8'):69*4
^[\Iu<?>L7>A:8'A>_<'G>J8D:8l'L:KIII'S'3'<$0*%,*7)'0*:<#-)'_4#7$*9&E'3'389,+)'20,&-&9,&'5*+=3'&968!"#5,9*$7,!098!"'#$&0'4&+#'

9&:61<:63#'$&+&'4&>8'):69*4

^[^I%>'76G>D6@M'@<@M'N?>F8DU:';D6UX<J'98T<_EIII'S'&+&96#0&E'9&2>,*$9*','9,*<$&3,2-#3*'$#7#3&!*9,*E'&68<,&'+#>=$+#3&
^[QI%>'76G>D6@M'@<@M'N?>F8DU:';D6UX<J'9:<'98T<_6III'S'3&+)#5,0&!4&'!86#<5&0>8'+#>=$*+'9&%-#9+#38!"
^[ZIc'G87>=<9<;:<'?8U8'GX8LU>98NX>9U>D<=>'J8A6'BL79<J'9:<'>F=?6D8'?>T:III'S'0&+&D*9,*'3,$):*>';_I
^[[I`T8L6W:U8@J8'/T8?U8C'L7>L>D898'D'@;<?9:8U8@M';X>dT:D6@M'>G:<?8'L:K'98III'S'#!*9,*'7-1%#+#B!,'9&!,*+)':+=$8
^[eI`T8L6W:U8@J8'h?<LT>D8C'L7>L>D898'D'@;<?9:8U8@M';X>dT:D6@M'>G:<?8'L:K'98III'S'#!*9,*'7$)%#B!,'0>,&98'3'>>
^eRIcXVU9:8U'G?8DF;:D6'O'02*!82#3&9,*'$0&2:08'#2'3-=+9,&+&'$0*+#>*7#
^eHI/;699:U:'?6;6U8'?>;D>JB'?8U8'GX8LU>98NX>9U>D<=>'J8A6'BL79<J'O'<&5*9,*'<&<,*$#:=3E'!01:6*')$&08E'&5+#"#5E'9,*2#%=$'

R*E'<#36&$0&4Q!*':,1'0&+&D*9,&

^ePI5:L;8J'GX8LU:'O'383#-)4*'B3,Q2
^eYI5:G>L8?@>98'98J@;Kd@:<J'?>;D:J8'L:K'98III'S'+#X!089,*'2#59*4
^e\I]UBG:LU8'N>T<L96@M'GK@M<?;6UVD'>'G>FX>_B'?BA:<9:>D6AC'BUX8F8JE@<'L:K'J<F9>L7?>99:<'98'LUV?;<'D;FXB_'G?;<N:<=B'

9<?DB'k'98LBD8JE'G>F<J?;<9:<III'S'<=-<&BC!&

^e^I3;<U>A>9>D>7D>?>D6'?>;?>L7'98NX>9U8'98J@;Kd@:<J';D:E;896'J<L7';'v'S'7)0*>'K%$,+#:#3&
^eQI48XL;'>'8A<T>NT8L7>A8'O'<#4&3,&':,1'7-=39,*'3'TW'2*+&20,*'D8!,&
^eZI!B;'cM8?7:98'O',9&!0*4'7$)!0#5&+#6#$%,*5&+'%$#2&3!0&+#3&68'5,>?&68!098
^e[I38U'J8L9>U>AV?U>D6'dT:9:89U:'O'383#20,':,1'0'+#>=$*+':)$#3,!08!"
^eeI.8J@;KL7L;6A'9>D>7D>?<A'A8X6@M'dT:9:89<U'J<L7'v'S'#%5&+
QRRI48XL;'>'>NT8UB'O'9,*'2&4*'<$0*$0)6=3'2#'9&$0Q2=3'3*3916$098!"
QRHI48XL;'>'=B;:<'cM8?7:98'O'2&4*'>9#7,*'<$0*$0)68
QRPI,<LGVX'-:UBT:@;8'?>;G>;98J<A6C'=F6III'S'0>,&9#>'3'B5,9,&9!*'6#3&$08:08'!"#$#%&')#7=59,#9&E'9<W'0,&$9,!&'0-#B5,3&
QRYI48XL;'>';<LG>T<'-:UBT:@;8'O'3:<=-38:61<)4*'0'6&+,>,'!"#$#%&>,'4&+':&$+#,2#0&E'%,&-&!0+,
QR\I48XL;'>'=B;:<'A:<L;896A'O'9&4!01B!,*4'5#+&5,0)4*':,1'3'B5,9,&9!*'<#24108+#3*4
QR^I48XL;'>'=B;:<'A:<L;896A'dT:9:89U:'\'38:61<)4*'9&4!01B!,*4'3'<$08):09,!8
QRQI.:<'A8';D:E;UB';'G>DL78D89:<A'?>=>D8@<9:8'N:8X<=>'O'9&2>,*$9*':<#D83&9,*'$8%
QRZI48XL;'>'@;<?9:8UB';X>dT:D6A'O')>,*4:!#3,#98'3'4&>,*'):69*4'$#+)4*'09&!09,*'5*<,*4'9,D'05#+&5,0#3&98'3':+=$0*'+#X!089
QR[I/M8?8U7<?6L76@;98'@<@M8'@6T:9F?>A8'O'9#3#63=$'9,*'2&4*'<$0*$0)6=3
QReI.>D>7D>?<AC'U7V?6'L7>LB9U>D>'@;KL7>'D6L7KGBJ<'>NBL7?>99:<'aD'HRzb'J<L7'v'S '!8:6&2*9#58><"#>&'<&<,55&$*'M7)0'

o"&$6,9&N

QHRI48XL;'>'@M>?>N:<']J>=?<98'O'4*:6'6#'!"#$#%&'-&7#29&','9,728'3'4*4'<$0*%,*7)'9,*'38:61<)4Q'9#3#63#$8
QHHI48XL;'>'=B;:<'&N?:U>L>D8'O'4*:6'<#!"#20*9,&'>,1B9,#3*7#
QHPI48XL;'>'?8UB'D8?=:'F>T9<J'O'38:61<)4*'0'<$0*3&7Q')'+#%,*6
QHYI`8A:@8'dT:9:89<U'O'38:61<)4*'038+5*')'#:=%'2#$#:-8!"
QH\I!B;<A'7>?N:<T>D876AC'D6L7KGBJE@6A'G?8D:<'D6XE@;9:<'D'dT:9:89@<'G?;6BL;9<JC'D:<T>U?>79:<'@;Kd@:<J'B'AK_@;6;9'9:_'B'

U>N:<7'J<L7III'S'!8:6&2*9#58><"#>&'<&<,55&$*'o"&$6,9

QH^I5<BU>GT8U:8'O'<#3:6&4*'>,1208',998>,'3:+)6*+'<$0*35*+-*7#'2$&D9,*9,&
QHQI.876@MA:8L7>D6 ' D6?;B7 ' 8A:9 ' N:>=<996@M ' J<L7 ' 76G>D6 ' FT8III ' S '$*&+!4, ' &5*$7,!09*4 ' , ' #%$01+) ' 9&!089,#$)!"#3*7#'

s),9!+*7#

QHZI`7V?6';'8976=<9VD'G>D:<?;@M9:>D6@M'J<L7'76G>D6'FT8'T:AW>@67VD'*g'S'GFj
QH[Ic:E;89:<'8976=<9B';'P'@;EL7<@;U8A:'"=#'G>D>FBJ<III'S'2*7$&9)5&!41'>&:6#!86=3
QHeIc;?>L7'G?;<GBL;@;8T9>d@:'A8X6@M'98@;6m'_6T96@M'D';8G8T<9:B'>L7?6A';8T<_6'>FIII'S'",:6&>,98','SKR)
QPRI,8G8T<9:<'98@;6m';'>N<@9>d@:E'A8?7D:@6'DXVU9:U>D87<J'D'd@:89:<C'<>;69>W:T:E':'8L7AE'>LU?;<T>DE'A>_<'LB=<?>D8lIII'S'

0*:<=-'G")$7&/_6$&)::&

QPHI(?;<@:D@:8X8'8976@<97?>A<?>D<'LB=<?BJE'?>;G>;989:<III'S'Gfc_b'M-&7#29*4'<#:6&!,'63&$20,98N
QPPI]69>9:A<A'9:<N8U7<?6J9<=>'DXVU9:U>D87<=>';8G8T<9:8'DL:<?F;:8'J<L7III'S'*92#!&$2,6,:'>&$&96,!&
QPYI,A:896 ' ;8G8T9>S;8?>L7>D< ' ; ' >N<@9>d@:E ' A8?7D:@6 ' DXVU9:U>D87<J ' D ' 7K79:@8@M ' U?<;U:C ' G?>D8F;E@< ' F> ' A8?7D:@ ' :'

>D?;>F;<m'D'J<T:@:<'@:<9U:A'LB=<?BJE'?>;G>;989:<III'S'7)0+#3*7#'0&<&5*9,&'6169,!

QP\I";>T>D896'G?;<?>L7'5`'B'F;:<@U8';A8?X<=>'LB=<?BJ<III'S '?,%$#*5&:6#:,:'!#$2,:'5)%':6*9#:,:':)%`&5`)5&$,:'#:6,,'&$6*$,#:,'

:,9,:6$,

QP^I.:<F>A6U8T9>dl';8L78D<U'8>?78T96@M'J<L7'76G>D8'FT8III'S'+,-8'6$0*!,#$012#3*4
QPQI,88D89L>D89<';A:896'GXB@9<'D'ABU>D:L@6F>;:<';D:E;89<'LE';'98D?8@8JE@6A:':9W<U@J8A:III'S'S:*)2#>#9&:'&*$7,9#:&

!"#$%&'(')&*+,+-.+/+0""1'23'0-4

5*-+6&'7?'('78

background image

QPZIo ' G8@J<978C ' U7V?6 ' G?;<F ' PR ' T876 ' G?;<N6D8X ' D ' #=:G@:< ' : ' UEG8X ' L:K ' D ' .:TBC ' L7D:<?F;>9> ' >N<@9:< ' ?8U8'

GX8LU>98NX>9U>D<=>'GK@M<?;8'A>@;>D<=>'O'U7V?6'G87>=<9'AV=X'A:<l'98'7>'DGX6Dg'S'_!",:6#:#>&'>&9:#9,

QP[I%>'D8G9:<9:8'G?;<?;B7>D<=>'F>@M>F;:'DIII'S'9&2!0899#B!,'<$086&$!08!E'9&2>,&$0*'3,6&>,98'FE'9,*382#59#B!,'9*$*+'#$&0'

2*:6$)+!4,'+#B!,'3'!"#$#%&!"'>*6&%#5,!098!"'+#B!,

QPeI38U'J<T:78'=?BN<=>'hP'D='&L7T<?8':'/>T<?8';98@;6III'S'9&!,*+&9,*'!&-*4'7$)%#B!,'B!,&98'4*5,6&E'%$&+'<$0*$0)6=3'3'310-&!"'

!"-#998!"','VVA'V/5*69,*7#'<$0*D8!,&

QYRIc@;<L96'?8U'_>XEFU8'O'9,*'9&!,*+&'>,1B9,=3+,E'9&'<#3,*$0!"9,'%-#98'B5)0#3*4'>#D*'#:,Q7&C'B$*29,!1'TP'!>E'>#D*'>,*C'

68<'30$#:6)a'*70#?,68!098E'<-&:+,'5)%'0&7-1%,#98

QYHI!?BnT:@;8U'a7BN<?@BT>A8b'GXB@'O'7)0#3&6&'?#$>&'7$)[5,!8'<#<,*$3#69*4
QYPI*6G>D<';J8D:LU8'FT8'@BU?;6@6'"'76GB'O'*<,0#28'+3&:,!8'+*6#9#3*4E',9:)5,6,:E'#%*!9#BC'<$0*!,3!,&-'<$0*!,338:*<+#38!"
QYYI*6G>DE'@<@ME'?8UVD';?8;:U>D6@M'LB7U8'J<L7'B7?878'<ULG?<LJ:III'S'c/+&2"*$898
QY\I38U'G>FL78D>9>U>AV?U>D6'LUV?B'a@8?@:9>A8'N8L>@<TTBT8?<'@B7:Lb'O'9#3#63=$'>,*4:!#3#'0-#B5,38
QY^Ic'G?>@<L:<'=>J<9:8'L:K';X8A8m'U>d@:C'A>F;<T'D@;<L98'G>DL78J<III'S'<#2'+#9,*!'T'687#29,&
QYQIHeST<79:'G8@J<97';'NVT8A:'G>FBF;:8'G>';8_6@:B'8LG:?696C'D'3*!'D'7?;>9:<'U>d@:'G:L;@;<T>D<J'>L7<>T:76@;98';A:898'> '

d?<F9:@6'H'@A';'>7>@;UE'>L7<>LUT<?>76@;9E'O'F89<'7<'G?;<A8D:8JE';8'?>;G>;989:<AIII'S'#:6*#,2'#:6*#>&

QYZIc';<LG>T<'5:'4?8BA<9:'AB78@J8'U>9L767B@6J98'D'=<9:<III'S'bSVj
QY[I-:Kd9:8U>A:KL8U'G?E_U>D89>U>AV?U>D6'a?M8NF>A6>L8?@>A8b'O'4*:6'9#3#63#$*>'0-#B5,38>'0&$=39#'25&'20,*!,'4&+','

2#$#:-8!"E'!"#C'3'#2>,*998!"'5#+&5,0&!4&!"

QYeI48XL;'>'F6L7?>W::'%B@M<99<x8'O'#:-&%,*9,*','0&9,+'>,1B9,'38:61<)4*'9&43!0*B9,*4'3'+#X!089&!"'7=$98!"
Q\RI*?:7>9'7BA>?'O':!"3&99#>&'>&5,79)>'0'#79,:+&>,'$"&%2#>8#:&$!#>&
Q\HI]@M>?;<9:<C'NKFE@<'98L7KGL7D<A'B?8;B'=8XU:'>@;9<JC'?>;D:J8JE@<'L:K'G>'>U>X>'P'76=>F9:8@M'D'9:<BL;U>F;>96A'>UB'O '

M:L7>T>=:@;9:<'L7D:<?F;8'L:K';:8?9:8U>D<';8G8T<9:<'NX>96'98@;69:>D<JC'G>D>FBJE@<';=?BN:<9:<'7K@;VDU:'O '0&<&5*9,*'
3:<=-!0)59*'#+&

Q\PI,89:U';'9:<F>@;699>d@:'O'!"#$#%&';*,9*7#/g*2,9&
Q\YIc8G9:<9:<'G?;<?;B7>D<'O'2#68!08'>,*4:!'3'#$7&9,0>,*E'720,*'38:61<)4*'0&:&2#38'!"&$&+6*$'M<-)!&E'9*$+,E'D#-Q2*+N'#$&0'

:6$)+6)$'<$&3,2-#38!"'M+&9&5,+,'9*$+#3*E'$#7=3+&E'9&!089,&'3,*X!#3*N

Q\\I-:<T>LUT<?>;8'J8U>';A:898'D7V?98'A>_<'?>;D:9El'L:K'D'G?;<N:<=BIII'S'!0*$3,*9,!8E':0<,!0&+&E'9&2!0899#B!,'<$086&$!08!','

9,*2#!0899#B!,'<$086&$!08!

Q\^I,8M8A>D89:<'DXE@;89:8'4<'F>'L697<;6'1N':'FB_<'98=?>A8F;<9:<'4<'9:<M<A>D<=>'@M8?8U7<?6;BJ<III'S'9,*2#+$3,:6#BC'

:82*$#%5&:68!09Q

Q\QI,<LGVX'(TBAA<?Sk:9L>98'O'9,*2#+$3,:6#BC'9,*2#%&$35,3&E')6$)29,#9*'<#-8+&9,*E'0&<&5*9,*'4108+&
Q\ZI,<LGVX'(TBAA<?Sk:9L>98'LG>D>F>D896'J<L7III'S'0&%)$0*9,*>':896*08'"*>)'3:+)6*+'9,*2#%#$)'D*5&0&
Q\[Ic'<?67?>NT8L7>;:<'&hR'O'>&6+&'>&'038+5*'7$)<1'+$3,'PE&'<-=2'K'5)%'L
Q\eI-8U?>=T>NBT:9<A:8'c8TF<9L7?>A8'O '$#0$#:6'5,>?#!86=3'L'02#598!"'2#'3820,*5&9,&'.7gE'>,>#'9,*#:,Q79,1!,&':6&2,)>'

2#4$0&-8!"'+#>=$*+'<5&0>&68!098!"

Q^RI#?67?>T<BU8<A:8'O'<#:6&C'#:6$*4'%,&-&!0+,'-Q!0Q!*4'$#0$#:6'9,*2#4$0&-8!"'+$3,9*+'%,&-8!"'0'$#0$#:6*>')+-&2)'*$86$#!86=3
Q^HIc'G?;6G8FUB';8U8_<9:8'D:?BL<A'>F?6'D'DK;X8@M';98T<nl'A>_98III'S'+#>=$+,'#5%$08>,*'o"&$6,9&','R,9!+*52&8&
Q^PI/MX>9:8U';'U>AV?<U'*'O'4*:6'%&$20,*4'&7$*:8398'9,D'!"-#9,&+'0'+#>=$*+'L
Q^YI-6@>L:L'WB=>:F<L'O'0,&$9,9,&+'7$08%,&:68E'!"-#9,&+'0'5,>?#!86=3'b
Q^\I.8J=>?;<J'?>UBJE@8'G>L78l';:8?9:@6';X>dT:D<J'O'<#:6&C'0'0&9,+,*>'5,>?#!86=3
Q^^I/:8XU8'!8AA8S/89F6'O'2$#%9*':+)<,*9,&'6+&9+,'-Q!09*4'0*'0-#7&>,'3&<9,&','"*>#:82*$898'<#2'6#$*%+Q'B5*20,#98
Q^QI.8JD:KUL;6'?>;A:8?'dT<F;:>98'>L:E=8'D'v'S'<$0*35*+-*4'%,&-&!0!*':0<,+#3*4
Q^ZI!?8L:@;8U'O'<#4&3,&':,1'#+#-#'VP'$DE'3'#%$&0,*'>,+$#:+#<#38>'+#>=$+,'9&%-#9+#3&6*','5,>?#!868'3'$=D98!"'<$#<#$!4&!"E'

+#>#$+,'9#3#63#$#3*'9,*'<$0*4&3,&4Q'038+5*'&68<,,

Q^[I2L7<>G<9:8'O':<&2*+'>&:8'+#:69*4
Q^eI-8?7D:@8'=XVDU:'U>d@:'BF>D<J'7>':98@;<JIII'S'!"#$#%&'J*77&/G&5`*7#/S&$6"*:&
QQRI2L7<>7:L'W:N?>L8'@6L7:@8'O'0>,&98'+#:69*'3'<$0*%,*7)'9&2!0899#B!,'<$086&$!08!
QQHI/M>?>N8'5:NA898':']8@ML8'O'&:*<68!09*'0&<&5*9,*'3:,*$20,&'3'<$0*%,*7)'5,:0&4&'$)>,*9,#3&6*7#
QQPI,87>?'7K79:@6'GXB@9<J'J<L7'G?;6@;69EIII'S'#:6$*4'9,*382#59#B!,'<$&3#+#>#$#3*4
QQYI/M>?>N8'/M8=8L8'O'383#-)4*'4Q'b$8<&9#:#>&'!$)0,
QQ\I.8@;69:8U'O'9#3#63=$'-&7#298'<#!"#20*9,&'9,*9&%-#9+#3*7#
QQ^Io'>LVN'@M>?6@M'98'&"%]'98J@;Kd@:<J'?>;D:J8'L:KIII'S'>,1:&+'p&<#:,*7#
QQQIc8FE'D?>F;>9E'L<?@8'9:<'J<L7III'S':6*9#0&'>,6$&59&
QQZI]7<9>;K'A:7?8T9E'98J@;Kd@:<J'LG>76U8A6'BIII'S'+#%,*6'3'B$*29,>'3,*+)
QQ[Ic'>N?8;:<'UT:9:@;96A'U8?F:>A:>G87::'G?;<?>L7>D<J'L7D:<?F;8'L:KIII'S'0&$0)!&9,*'+$3,'2#'5*3*7#'<$0*2:,#9+&E'031D*9,*'

2$#7,'#2<-83)'0'5*3*4'+#>#$8E'0>9,*4:0#98'2#<-83'+$3,'2#'6169,!'3,*X!#38!"

QQeI(?;6@;69E'9:<D6F>T9>d@:'L<?@8'9:<'J<L7III'S'!"#$#%&'038$#29,*9,&':6&3=3
QZRI/<@ME'?8U8'=?B@;>X>D>S7>?N:<T>D87<=>'dT:9:89<U'J<L7III'S'9&!,*+&9,*'<*$,9*)$,)>
QZHIc'J8U:<J'@M>?>N:<'D6L7KGBJ<'=:9<U>A8L7:8g'S'>&$:+#BC'3Q6$#%8E'$&+'4Q2$&
QZPI(898?:7:BA'a;8L7?;8Xb'O'$#<#3,!&'<&5!=3E'>#D*'<$#3&20,C'2#'0&<&5*9,&'<#!"*3*+'B!,179,:68!"'07,9&!08'#$&0'2#'>&$63,!8'

+#B!,

QZYI%>';A:89'D:?BL>D6@M'LUV?6'9:<'98T<_6III'S'+-8+!,9&'<-&:+&
QZ\I/;<?9:8U';X>dT:D6'?>;D:J8'L:KIII'S':08%!,*4'2*'9#`#
QZ^I38U'GXB@8'=?B@;>X>D6'O'9,*0&5*D98'#2'<&5*9,&'686#9,)
QZQIoG>?;EFUBJ ' 9<B?>96 ' D ' ;8T<_9>d@: ' >F ' 98JD:KUL;<J ' D?8_T:D>d@: ' 98 ' 9:<F>U?D:<9:< ' O '9*)$#98 ' >&-*E ' 9*)$#98 ' 2)D*E'

#5,7#2*92$#!868E'>,+$#75*4

QZZIc'9<?U8@M'N8F8A6'>N<@9>dlIII'S'.7(E'.7KE'.7gE'GTl','Gjl
QZ[I%T8'?8U8'G?;<F:9D8;6J9<=>'@M8?8U7<?6L76@;9<'J<L7III'S'9#3#63=$'9,*'<$0*!"#20,'<$0*0'%-#91'<#2:6&39Q

!"#$%&'(')&*+,+-.+/+0""1'23'0-4

5*-+6&'77'('78

background image

QZeI]<?@<'A>_<'GKU9El'D';8D8T<III'S'>,1208'V'&'TP'29,*>'Mj/@'29,*>rN
Q[RI,<LGVX'G>;8D8X>D6'%?<LLT<?8'O'7#$Q!0+&E'0&<&5*9,*'3:,*$20,&'5)%'#<-)!9*4E'0$&0,+#3*'0&<&5*9,*'<-)!
Q[HI2N?;KU'M6F?>L7876@;96'9:<'D6L7KGBJ<'D'G?;6G8FUBIII'S'!"#$#%8'+*:#9#3*4
Q[PI/<@M8'@M8?8U7<?6L76@;98'@M>?>N6'5<d9:>DLU:<=>S/?>M98'O'9,728'9,*'0&4>)4*'#2%869,!8
Q[YI/M>?>NE'BD8?B9U>D89E'=<9<76@;9:<'D'9<?U8@M'9:<'J<L7III'S'6#$%,*5'<$#:6&
Q[\I2L787<@;9<'?>;G>;989:<'?8U8'GXB@8'F8J<III'S'%&2&9,*'",:6#<&6#5#7,!09*
Q[^I(>F'G>JK@:<A'=B;'U?6l'A>_<'L:KIII'S'9<W'6169,&+'&#$68E'!,QD&'*+6#<#3&E'9#3#63=$E'0>,&9&'0&<&59&
Q[QI,A:896'A>?W>T>=:@;9<'O'BL;U>F;<9:<C'D6L:KUC'?>;GT<AC'@M8?8U7<?6;BJEIII'S'0&<&5*9,*
Q[ZI.876@MA:8L7>D8'dA:<?l'D'G?;<N:<=B';8D8XB'L<?@8'LG>D>F>D898'J<L7III'S'%5#+,*>'</+'5)%'>,7#6&9,*>'+#>=$
Q[[I(:<?D>79E'A8?LU>dl'_VX@:>DE'9:<'@M8?8U7<?6;BJ<III'S'38:#+,*'>,&9#'&9687*9)';L!
Q[eI,8D8X'U?D>7>@;96'D6L7KGBJ<'9GI'DIII'S'<-)!)
QeRIc'>L7?6A'c,c'h'U>AV?U8A:'F>A:9BJE@6A:'D'98@:<UB';8G8T96A'D'>N?KN:<'G?;<L7?;<9:'N?8A9>_VX@:>D6@M'NKFEIII'S'

5,>?#!868

QeHI,<LG>X<A';D:E;896A';<';D:KUL;>96A'?6;6U:<A'D6L7EG:<9:8'N:8X8@;U:'J<L7III'S'0*:<=-'F#39&
QePIh?8U';8D:E;U8'98?;EFB'7>III'S'&7*9*04&
QeYIc'=>dl@>D6A';8G8T<9:B'A:Kd9:8'L<?@>D<=>III'S'0&<&5*9,*'B$=2>,QD:0#3*'3,*5##79,:+#3*
Qe\Ic'_>XEFUB';98T<;:>9>'>NL;8?'>'NBF>D:<'M:L7>T>=:@;9<J'G?8D:FX>D<J'7?;BL7U:'O'!"#$,:6#>&
Qe^I.:<;NKF96A'FT8'?>;G>;989:8';8G8T<9:8'=?BnT:@;<=>'G?V@;'@M8?8U7<?6L76@;9<=>';:8?9:9:8U8'J<L7III'S'>&$63,!&':*$#3&6&
QeQI,A:896'>NL<?D>D89<'D'78?@;6@6'D'G?;<N<=B'@M>?>N6'!?8f<L8Sh8L<F>D8'>FG>D:8F8JEIII'S'",<*$<5&04,
QeZIc';8D8T<'L<?@8'>NL<?DBJ<A6III'S'>&$63,!1':+$0*<#3Q
Qe[I(?;<X6U'h8?<778'O'>*6&<5&04&'9&%-#9+&'3,*5#3&$:63#3*7#'<-&:+,*7#'9&%-#9+,*>'7$)!0#-#38>'4*5,6#38>
QeeI,8U?;<G:@8'_6X'=XKN>U:@M'U>m@;69'F>T96@M'A>_<'N6l'G?;6@;69E'D6L7EG:<9:8III'S'0&6#$)'6169,!8'<-)!9*4E'#%$01+)'+#X!0898
ZRRI(?;6UX8F<A'@M>?VN'8B7>:AAB9>T>=:@;96@M'J<L7III'S'7#BC!#3*'0&<&5*9,*'>,1B9,&':*$!#3*7#E'7)0+#3*'0&<&5*9,*'6169,!
ZRHI(>F8=?8'O'#:6$*'9&3$&!&4Q!*'0&<&5*9,*'29&3*':6&3=3'<&5)!"&
ZRPI,<Jd@:<A'>L7?<=>';8G8T<9:8'A>_<'N6lIII'S'<#3:6&9,*'%5,098E'0&<&5*9,*'<$0*35*+-*E'<#3:6&9,*'$#<9,&
ZRYI,8G8T<9:< ' ?>=VD ' G?;<F9:@M ' ?F;<9:8 ' U?K=>D<=> ' J<L7III ' S '<$08+-&2*> ' 0&<&5*9,& ' ):0+&20&4Q!*7#E ' #%4&3,&4Q!8> ' :,1'

9,*:8>*6$8!098>,'3,#6+,>,'<#$&D*9,&>,'+#X!089

ZR\I,DXVU9:<9:< ' LG?K_6L7< ' DL:<?F;:8 ' G>T<=8 ' 98III ' S '<#7$)%,*9,) ' 3:,*$20,& ' +#>#$8 ' 5*3*4E ' #%*4>)4Q!* ' 6&+D* ' >,1B9,*'

%$#2&3+#3&6*7#','<-&6+,'0&:6&3+,'23)20,*59*4

ZR^Ic= ' U?67<?:VD ' A>?W>T>=:@;96@M ' ;8G8T<9:< ' A:Kd9:8 ' L<?@>D<=> ' F;:<T:A6 ' 98III ' S '5,>?#!86&$9*E ' *#089#?,5#3* ' ,'

#5%$08>,#+#>=$+#3*

ZRQI,8D8X'G>FDL:<?F;:>D6';8JABJ<III'S'>9,*4'9,D'VPA'7$)%#B!,'B!,&98'#2':6$#98'3:,*$20,&
ZRZI,8G8T<9:<'>L:<?F;:8'DXVU9:U>D<'TBN'LB?>D:@;>SDXVU9:U>D<';F8?;8'L:K'98J@;Kd@:<JIII'S'3'!"#$#%,*'7#BC!#3*4E'>#!09,!8E'

7$)[5,!8','5,:0&4)'$)>,*9,#3&68>

ZR[I&9>A8T:8'#NL7<:98'O'3$#20#9&'3&2&':*$!&
ZReIh<;D;=TKF96A'DLU8;89:<A'F>'D6U>989:8'N:>GLJ:'A:Kd9:8'L<?@>D<=>'J<L7III'S'#!*9&':6&9)':*$!&'<$0*:0!0*<,#9*7#
ZHRI%"/'O'>#D*'%8C'<#3,+-&9,*>'<#:#!09,!8E'<#:,&2&'?&08'#'03,1+:0#9*4','0>9,*4:0#9*4'+$0*<5,3#B!,
ZHHI,87>?'LU?;6_>D896'O'>#D*'38:6Q<,CE'4*D*5,',:69,*4*'<#-Q!0*9,*'<#>,1208'<$&3Q'&'5*3Q'<#-#3Q':*$!&
ZHPI(?;<FXB_>96'@;8L'U?D8D:<9:8III'S 'B3,&2!08'#'0&%)$0*9,&!"'3'<#3:6&3&9,)'!0#<)'<-86+#3*7#','4*:6'4*298>'0'#%4&3=3'

<5&>,!8'>&-#<-86+#3*4

ZHYI(?;6UX8F';89:UB'>Fd?>FU>D<=>III'S'0$0*:0#69,*9,*'+#B!,E'3#2#9*$!0*
ZH\I`?;6D:@8'O'9,*'4*:6'!"#$#%Q'20,*20,!09Q
ZH^I38U'LB7U8'O'38+&0)4*':+-#99#BC'$#20,99QE'!01B!,*4'!"#$)4Q'+#%,*68'+6=$*'9,*'$#20,-8
ZHQIc'>N?8;:<'M:L7>G87>T>=:@;96A'=?BnT:@6'L7D:<?F;8A6III'S '#%*!9#BC'<$Q6+=3'7$)[5,!8E'+#>=$+,'#5%$08>,*'J&97*$"&9:&E'

>&$63,!1':*$#3&6QE'+#>=$+,'9&%-#9+#3&6*E'3,&9):0+#3&6*'9&!,*+,'0'5,>?#!86=3

ZHZI,87>?'7XBL;@;>D6'G>F<J?;<D8A6'D'G?;6G8FUBIII'S'$#05*7-8!"')$&0=3'+#X!089'0*'0>,&D2D*9,*>
ZH[I`T8L6W:U8@J8'*Q.P-H'9:<'>U?<dT8III'S'68<)'",:6#5#7,!09*7#'9#3#63#$)
ZHeI]BNL789@J8C'U7V?8'DG?>D8F;>98'F>'BL7?>JB'J<L7';F>T98'F>'D6D>X89:8'>FG>D:<F;:':AAB9>T>=:@;9<J'7>III'S'&9687*9
ZPRIo>=VT9:>98'8A6T>:F>;8'D7V?98'LG>L7?;<=898'J<L7'=XVD9:<'D'>N?KN:<III'S'3Q6$#%8'M<#2<$0*<#9#3#tN
ZPHIc8G9:<9:<'F6L7?>W:@;9<'G?;<N:<=8III'S'0'<$&3,2-#38>'<#0,#>*>'G&','<$&3,2-#38>'<#0,#>*>'?#:?#$&9=3'3*'+$3,
ZPPI-8?7D:@E'J<L7III'S'0&3&-E'>)>,?,+&!4&E'07#$0*5E':*$#3&!*9,*
ZPYI-8?7D:@E'9:<'J<L7III'S'0&9,+
ZP\I2=9:LU>'=?BnT:@6'D'>N?KN:<'AV;=B'J<L7'G?;6UX8F<A'?>;G?;<L7?;<9:89:8'L:K';8G8T<9:8III'S'9&!089,&>,'+$3,#9#B98>,
ZP^I%>'G>DL78D89:8'>N?;KUVD'9:<'G?;6@;69:8'L:KIII'S'>&-&'<#2&D':#2)'3'<#D83,*9,)
ZPQIc'G87>=<9<;:<'7<J'@M>?>N6'FB_E'?>TK'>F=?6D8JE'U>AV?U:'7B@;9<'O'+&6&$':,*998
ZPZI/<@ME'9:<76G>DE'FT8'U>AV?<U'9>D>7D>?B';X>dT:D<=>'J<L7III'S '<$0*:)9,1!,*':,1':6#:)9+)'4Q2$#d!86#<5&0>&'9&'+#$08BC'

!86#<5&0>8

ZP[I%>'@;699:UVD'M8ABJE@6@M'>F?>L7'7U89<U'98T<_6III'S'+#5!",!89&E'+#$680#9E'<$#>,*9,*'fb(E'&968%,#68+,
ZPeI%>'=?BG6'98JD8_9:<JL;6@M'U8?@69>=<9VD';8T:@;8A6III'S'3175#3#2#$8'<#5,!8+5,!09*E'&>,98'&$#>&68!09*E'>8+#6#+:898E'

9,6$#0#&>,98

ZYRI%>'A<F:87>?VD';8G8T<9:8'9:<'98T<_EIII'S'5,>?#+,98
ZYHI%>'G>FL78D>D6@M'@;699>d@:'T:AW>@678'h'98T<_6III'S'<$#2)+!4&',>>)9#75#%)5,9','<&>,1C',>>)9#5#7,!09&
ZYPI!XVD96A'G?;<@:D@:8X<A';98JFBJE@6A'L:K'D'dT:9:<'J<L7III'S'.7K
ZYYI%T8'A8?7D:@6'LU?;<G>D<J'@M8?8U7<?6L76@;9<'LEIII'S'<,+9#0&','+&$,#$*+:4&
ZY\I.:<F>?>;DVJ'98?;EFBC'G>T<=8JE@6'98'D6UL;78X@<9:B'L:K'76TU>'J<=>';8D:E;U8'O'&<5&04&
ZY^I(9<BA>@6L7>L:L'J<L7'G?;6UX8F<AIII'S',9?*+!4,'#<#$6)9,:68!09*4'<&:#D869,!0*4
ZYQI(?;<?>L7'A8@:@6'D'G?;<N:<=B'@:E_6'J<L7'G?;6UX8F<AIII'S'<$0*$#:6)','$#0$#:6)'?,04#5#7,!09*7#
ZYZI(?;6UX8F<A'?<8U@J:'98FD?8_T:D>d@:'76GB'"k'J<L7III'S'#2!089'6)%*$+)5,9#38

!"#$%&'(')&*+,+-.+/+0""1'23'0-4

5*-+6&'79'('78

background image

ZY[I%>'BUX8FB'J<F9>JEF?;8L76@M'W8=>@67VD'9:<';8T:@;8A6III'S'+#>=$*+'K$>&9,/c<:6*,9&
ZYeI/<@ME'DLGVT9E'G?;<DT<UX<=>'D?;>FB'_>XEFU8':'FDB98L79:@6'LEIII'S'6&+,':&>'3875Q2'>#$?#5#7,!098!"
Z\RI38U'_>XEFU8'9:<'F8J<'G?;<?;B7VD'F>III'S'310-&'9&2#%#4!08+#3*7#'<#':6#9,*'<$&3*4'M310*-'I,$!"#3&N
Z\HI,8U8_<9:<')<?L:9:8'9:<'@M8?8U7<?6;BJ<'L:KIII'S'0&9,+,*>'+1<*+'S*8*$&
Z\PIc';8U8_<9:B'#978A><N8'M:L7>T67:@8'>NL<?DBJ<'L:KIII'S':0!0*7=59Q'<$*285*+!41'6$#?#0#,6=3'2#'0&4>#3&9,&'+Q69,!8
Z\YI%<;697<?:8'O'!"#$#%&'383#-&9&'<$0*0'<&-*!0+1'!0*$3#9+,
Z\\I/<@ME'DLGVT9E'@>T:7:L'BT@<?>L8':'@M>?>N6'/?>M98'9:<'J<L7III'S'38:61<#3&9,*'$#<9,'+$8<6#38!"
Z\^Ic'<97<?>G87::'=TB7<9>D<J'>NL<?DBJ<'L:KIII'S'38:61<#3&9,*'0>,&9'7-=39,*'3'4*5,!,*'!0!08>','23)9&:69,!8E'0&5*D9#BC'#%$&0)'

+5,9,!09*7#'#2'2-)7#B!,'0&416*7#'#2!,9+&'#$&0'9,*<$&3,2-#3#BC'%)2#38'+#:>+=3'4*5,6#38!"

Z\QI/M8?8U7<?6L76@;9<'FT8'8GG<9F:7:@:L'L:AGT<q'J<L7III'S'9&!,*+'685+#'0'5,>?#!86=3
Z\ZI,<LGVX'(<B7;8S0<=M<?L8'@M8?8U7<?6;BJ<'L:KIII'S'38:61<#3&9,*>'<#5,<=3'"&>&$6#>&68!098!"
Z\[I38U'>U?K_9:@6'O'3'<$08<&2+)'5#+&5,0&!4,'<#'<$&3*4':6$#9,*'<=[9,*4'<#3#2)4*'9,*2$#D9#BC'4*5,6&
Z\eI(>T:G'?<7<9@6J96'O'9,*'4*:6'0>,&9Q'3$#20#9Q
Z^RI,<LGVX ' -8TT>?6x<=>Sc<:L8 ' O '2#68!08 ' %-#98 ' B5)0#3*4 ' <$0*-8+) ' , ' D#-Q2+&E ' #%4&3,& ' :,1 ' <1+9,1!,&>, ' %-#98 ' B5)0#3*4'

$=39#5*7-8>,'2#'#:,'2-)7,*4'9&$0Q2)

Z^HI/M>?>N8'-<9<7?:<?8'O'<$0*4&3,&':,1'<#3,1+:0*9,*>'?&-2=3'%-#98'B5)0#3*4'29&','6$0#9)'D#-Q2+&
Z^PI*>?N:<T'98NX>9U>D>ST:AW>:F8T98'aLU?;<T>G>@M>F98C'N>@;98'L;6:b'O'38:-&9&'4*:6'9&%-#9+,*>'3,*5#3&$:63#38>'<-&:+,>'

5)%'3,*5#$012#38>'3&5!#3&68>

Z^YI3>=>D:<@'U>T@;6L7>U>AV?U>D6'O'4*7#'38:61<#3&9,*'4*:6'03,Q0&9*'0'*+:<#08!4Q'9&'<$#>,*9,*'^IE'3'9&:+=$+)'09&42)4Q':,1'

<*$-8'$#7#3*

Z^\I%>'L789VD'G?;<F?8U>D6@M'LUV?6'9:<'98T<_6III'S'$#7#3&!*9,*'-#4#6#+#3*
Z^^I,98A:K'<G:7<T:>:F9<']G:7;8'O'38:61<)4*'7-=39,*'9&'63&$08
Z^QI/;<9:8U'ABL:'N6l'D6@:K76';A8?=:9<L<AIII'S'#':0*$#+#B!,'TEV\V'!>
Z^ZI(T8A8'L>@;<D:@>D878'D'W8;:<'G?<:9D8;6J9<J'O'!*!")4*':,1'38:61<#3&9,*>'>*5&9#!86=3':+)<,#98!"'3'4*29*4'3&$:63,*'

302-)D'7$&9,!8':+=$9#/9&:+=$+#3*4

Z^[I5:AW>@676'/%\r'D';8U8_<9:B'G?E7U:<A'=?BnT:@6'G>D>FBJEIII'S'63#$0*9,*':,1'0,&$9,98
Z^eI/;699:U:'BG>dT<F;8JE@<'G?>FBU@JK'LB?W8U7897B'D'3%]'O'9,*2#%=$'+#$68+#:6*$#,2=3E'9&2>,&$',9:)5,98
ZQRI2=9:LU>D8@<9:<'&LLA89x8'J<L7'@M8?8U7<?6L76@;9<'FT8III'S'7$)[5,!8'<#<,*$3#69*4
ZQHI/M<A:>7<?8G:E'T<@;6A6'?8U8'GXB@III'S'2$#%9#+#>=$+#3*7#
ZQPI`>AV?U:'`BT@;6@U:<=>'LE'@M8?8U7<?6L76@;9<'FT8III'S'$&+#3,&+&
ZQYI,8G8T<9:<';89:U>D<'dTB;VDU:'9>L8'@M8?8U7<?6;BJ<'L:KIII'S'<$08+$8>'#2#$*>'0'9#:&
ZQ\I,:8?9:9:8U'c<=<9<?8'O'<#7$)%,*9,*'%-#98'B5)0#3*4'9#:&
ZQ^I,8G8T<9:<';87>U:'L:7>D<J'D:UX8'L:KIII'S'$#<#3,!Q'#!0#2#-)E'0&+&D*9,*>'B$=2!0&:0+#38>
ZQQI,:8?9:9:8U'@M>T<L7<?>T>D6'G>DL78J<III'S'36=$9,*'3'6#$%,*5,'B5)0#3*4'<$089#:#3*4
ZQZI#L7M<L:>9<B?>NT8L7>A8'O'<#5,<#3&6&'>&:&'9&!,*+&4Q!&':+5*<,*9,*'4&>8'9#:#3*4','0&6#+,'<$089#:#3*4E'$#03,4&':,1'>,1208'

TP'&'jP'$DE'0-#B5,38'9#3#63=$'<#!"#20*9,&'0&$#2+#3*7#

ZQ[I2N?;KU'89=:>9<B?>76@;96'{B:9@U:<=>'O'9,*'4*:6')3&$)9+#3&98'9,*2#%#$*>',9",%,6#$&'GT'*:6*$&08
ZQeI,8G8T<9:<'G?;<DT<UX<'U?789:'O')'<&5&!08','#:=%'9&2)D83&4Q!8!"'7-#:)m'!*!")4*'4*'9&!,*+'5,>?#!86=3
ZZRI08U:'D:<U'J<L7'@;699:U:<A'?6;6U8'?8U8'U?789:g'S'YP/ZP'$D
ZZHI*?8@M<>N?>9@M>A8T8@:8'O'<#5*7&'9&'0&<&2&9,)':,1'6!"&3,!8','#:+$0*5,'3:+)6*+'#:-&%,*9,&':,1'<,*$B!,*9,'!"$01:698!"'#$&0'

0>,&9,*':+-&2)',:6#68'<#2:6&3#3*4'!"$01:69*4','4*4'$#0>,1+&9,)

ZZPI3>;FK@:<'GXB@'O'$#0!,Q79,1!,*'<-)!'<$0*0'<#3,*6$0*'%*0'):0+#20*9,&'B!,&98'<1!"*$08+=3','%*0'#%!,QD*9,&'+#>#$8'<$&3*4
ZZYI,<LGVX'`8?7<=<9<?8'O'2*+:6$#+&$2,&E'$#0:0*$0*9,*'#:+$0*5,','0&<&5*9,*'0&6#+'<$089#:#38!"
ZZ\I%>'>N?;KUB'M6F?>L7876@;9<=>'F>@M>F;:C'=F6'@:d9:<9:<'D'98@;69:8@M'DX>L>D876@M'G?;<=?VF'G?;<U?8@;8III'S'Y'"S&
ZZ^I(XB@>'%8989='aDL7?;EL>D<b'J<L7'@M8?8U7<?6L76@;9<'FT8III'S'KfF_
ZZQI(8T<9:<'9:<'A8'DGX6DB'98'?>;DVJ'?8U8'GXB@8'O'7$)!0#-#3*7#','#:+$0*5,+#3#/<1!"*$08+#3*7#
ZZZI`7V?6';'?8UVD'GXB@8'D6D>F;:'L:K';'U>AV?<U'&(o%g'S'2$#%9#+#>=$+#38
ZZ[I(XB@>'9:<A<'J<L7'@M8?8U7<?6L76@;9<'FT8';8G8T<9:8'GXB@III'S'B$=2>,QD:0#3*7#
ZZeIcXVU9:<9:8'9:<'G>D>FBJE'G6T:@<'76GBIII'S'317-#3*7#E'D*5&0#3*7#','%&3*-9,&9*7#
Z[RI(?;6UX8F<A'W8U>A87>;6'J<L7III'S'!"#$#%&'`#9';,<<*5/J,92&)
Z[HI/M>?>N8 ' -<9:<?<x8 ' O '9&2>,*$9* ' 7$#>&20*9,* ' :,1 ' *92#5,>?8 ' 3 ' %-#99,+) ' %-#9,&:68>E ' $#0*$3&9,* ' B!,&98 ' %-129,+&'

%-#9,&:6*7#','038$#29,*9,*'+#>=$*+'3-#:+#38!"'9&$0Q2)'G#$6,*7#

Z[PI/M>?>N6'7>D8?;6L;E@<'1"k'O'!"-#9,&+';#27+,9&E'!$8<6#:<#$,2,#:,:E'<9*)>#!8:6,:E'9#!&$2,#:,:E'!"#$#%8'7$08%,!0*
Z[YI-8?7D:@8'L<?>D878'D'=?B;<XUB'O'*?*+6'9&<-83)'>&+$#?&7=3
Z[\I/>'G?>D8F;:'F>'&3%]g'S'S9*)>#!8:6,:'!&$,9,,
Z[^Ic,c'%'O'38:61<)4*'038+5*'4&+#'0&<&5*9,*'<$0*35*+-*E'0&3:0*'0';LI
Z[QI38U'J8L9>U>AV?U>D6'9<?U:'O'#6#$*%+#3&98
Z[ZI%".'O'9#3#63=$'3*39Q6$0<$0*3#2#38':)6+&
Z[[I/>'9:<'J<L7'@;699:U:<A'G?<F6LG>9BJE@6A'F>'?8U8'JEF?8g'S'$&:&'!0&$9&
Z[eI/;699:U:'G?<F6LG>9BJE@<'F>'?8U8'JEF?8'O'3916$#:63#E'28:7*9*04&'4Q2*$E'!0899,+,'7*9*68!09*E'$&:&'%,&-&
ZeRIh3/&H'O'7*9':)<$*:#$#38E'+6=$*7#'#%*!9#BC'<#29#:,'$808+#'$&+&':)6+&
ZeHI/M>?>N8'(8=<78'O'<#:6&C'$&+&'<$0*2,93&0849*7#
ZePI08U:<'U>AV?U:'A8JE'D6GBL7U:'3>L<97M8T8g'S'&:6$#!868
ZeYI-K_@;6;98C'^^'T87C'T:AW8F<9>G87:8';'G>F<J?;<9:<A'@MX>9:8U8'O'U7V?<'DK;X6'G>N:<?8A6g'S':0849*
Ze\I.8J@;Kd@:<J'D6L7KGBJE@6'?>F;8J'A8?7D:@6'S':+$0*<#3&
Ze^I4<9>76G';:8?9:@6'UT8L6@;9<J'O'GFTVhE'GFjPh
ZeQI(?<G8?87'O'$#0<#09&C':6-):0!0*9,*'3Q6$#%8
ZeZI(?<G8?87'O'.<@?>L:L'@8L<>L8'O'$#0<#09&C','<#2&C'<#5:+Q'9&031'\'>&$63,!&':*$#3&6&

!"#$%&'(')&*+,+-.+/+0""1'23'0-4

5*-+6&'7:'('78

??

tylko w col. ulc.

background image

Ze[I(?<G8?87'O',8G8T<9:<'A:Kd9:8'L<?@>D<=>C'@>'BA>_T:D:8'?>;G>;989:<g'S'+#>=$+,'#5%$08>,*','+#>=$+,'K:!"#??&
ZeeI(?<G8?87'O'168T:9:L87:>'O'7)0*+'3'+#%,*!*4'<,*$:,m'0>,&9&'3:6*!09&
[RRI(?<G8?87'O'.<B?:T<AA>A8C'J8U:<'@:8XU8'U>AV?U>D<'76G>D<g'S'!,&-+&'I*$#!&8&
[RHI(?<G8?87'O',:8?9:98C'J8U:<'76G'U>AV?<Ug'S'+#>=$+,'#5%$08>,*'68<)'!,&-&'#%!*7#
[RPI'(?<G8?87'O'3<7:9>NT8L7>A8C'F>'J8U:@M'9>D>7D>?VD'G>F>N96g'S'>,1:&+'c3,97&E'7)0'o,5>:&
[RYI(?<G8?87'O'*<?87>A8C'@>'?>N:A6g'S'u!,*:08>8':,1v','<#'38!,1!,)'9,!'3,1!*4'9,*'$#%,>8
[R\I(?<G8?87'O'#9F>A<7?:>L:LC'@>'A>=X>'N6l'G8@J<97@<'G?;<F';8N:<=:<Ag'S'<$#%5*>8'0'0&4B!,*>'3'!,QD1
[R^I(?<G8?87'O'!B;U>D<';8G8T<9:<'7K79:@C'=F;:<'78';A:898'A>=X8'L:K'G>J8D:lg'S'6169,!&'9*$+#3&
[RQI(?<G8?87'O'38U'G>FL78D9>U>AV?U>D6'O'5#+&5,0)4*':,1'<#38D*4'5,9,,'-Q!0Q!*4'+Q!,+,'):6','<$0*3#28':-)!"#3*'0*3916$09*
[RZI(?<G8?87'O',87>?';'U>AV?<U'9>D>7D>?>D6@MC'@>'D:F;:A6g'S'>&$63,!&

(6789:8';<'L78?L;6@M'=:<XFC'F>'>G?8@>D89:8

[R[I08U:<'9>D>7D>?6'>N<JABJE'98@;69:8'U?D:>9>d9<g
[ReI`7V?<'U>AV?U:':L7>76'L;8?<J'>NBA:<?8JE'98JD@;<d9:<J'G?;6'9:<F>7T<9:<9:Bg
[HRI08A:L7>dl'?F;<9:8
[HHI-8T8U>GT8U:8
[HPI08U:'U8?:>76G'G?;6';8d9:8F8@Mg
[HYI`7V?6'76G6'D:?BL8'1(k'G>D>FBJE'T:@;9<'N?>F8DU:'98'U?789:':'D'=8?FT<'B'F;:<@:g
[H\I08UE'NBF>DK'A>?W>T>=:@;9E'A8';98A:K']G:7;8g
[H^I08U:<'?<@<G7>?6'>FG>D:<F;:8T9<'LE';8'?>;DVJ'8@M>9F?>GT8;J:g
[HQI08U'A:<?;6'L:K'8U76D9>dl'G?>T:W<?8@6J9E'?8U8'LB7U8g
[HZI1:L7:>@67>;8'u
[H[I(>'@>'D'?8UB'LB7U8'L7>LBJ<'L:K'F:8=9>L76@;9:<'@67>A<7?:K'G?;<GX6D>DEg
[HeI08U8';A:898'A8'A:<JL@<'J8U>'G:<?DL;8'D';8G8T<9:B'A:Kd9:8'L<?@>D<=>g
[PRI38U'DE7?>N>D>U>AV?U>D6'O'@;6'A8';D:E;<U';'1/k':'1hkg'/;6'A8';D:E;<U';'8TU>M>T<Ag'/;6'D6F;:<T8'_VXlg
[PHI!F;:<'9:<'A8'=?89BT>@67>G<9::'O'DE=T:Ug'%B?'N?;BL;96g'*BT8?<A:8g'/;<?D>9U8g'(8?8;67>;6g
[PPI08U:<';98A:>98'dA:<?@:'BJABJ<A6'J8U>';98A:>98'G<D9<g
[PYI08U:<';A:896'LE';A:898A:'G?;<F?8U>D6A:'?8U8'=?B@;>X>D<=>'>LU?;<T8g
[P\I08U:<'L7896'LE'L7898A:'BLG>L8N:8JE@6A:'F>'@;<?9:8U8g
[P^I`>AV?U:'3]'>'W<9>76G:<'/%YRrC'/%PRrC'9:<T:@;9<'U>AV?U:'5|1'O'@>'7>'J<L7g
[PQIpT<F;:>98';'DXVU9:<9:<A':';X>=8A:'M<A>L6F<?696'O'@>'7>';8'@M>?>N8g
[PZI,'J8U:<J'L7?BU7B?6'L<?@8'A>_98'G>N:<?8l'N:>GLJKg
[P[Ic'J8U:<J'@M>?>N:<'D6L7KGBJE'=B;U:'&L@M>WW8g
[PeI08U:<'W:T8A<976'LE'@M8?8U7<?6L76@;9<'FT8'A:Kd9:g
[YRIc'J8U:<J'@M>?>N:<'A87U:'D6L7KGBJ<'@M>T<L78;8'B'GX>FBg
[YHI(>D:UX89:8'98F@:d9:<9:8'D?>79<=>
[YPI->_T:D<'G?;6@;696':'G>D:UX89:8'A8?7D:@6'@<D<U'9<?U>D6@M
[YYI08U:<'?8U:'G?;<?;B7BJE'F>'>7?;<D9<Jg
[Y\Ic'J8U:@M'@M>?>N8@M'D6L7KGBJ<'GT8A8'L>@;<D:@>D878g
[Y^I2FA:89E'J8U:<=>'?8U8'J<L7'>FA:898'N>76?>:F<Lg
[YQI(>'J8U:A'@;8L:<'>F';8D8XB'D6L7KGBJ<'?BG7B?8'@>?F:L'G>L7':9W8?@7BLg
[YZI(>':TB'=>F;:98@M'98JD@;<d9:<J'A>_98'G>FF8l'@:8X>'L<U@J:g
[Y[I(>'J8U:A'@;8L:<'BD:F8@;9:8'L:K'A8U?>LU>G>D>';8D8X'L<?@8g
[YeI08U:<=>'76GB';8G8T<9:<'LB7U8'A>=E'D6D>X6D8l'T<U:'8976U>9@<G@6J9<g
[\RI!F;:<'98J@;Kd@:<J'T>U8T:;BJ<'L:K'98NX>9:8U'U>LAV?U>D6g
[\HI/;6'G8G:TT>A8'FB@78T<'98T<_6'F>'9>D>7D>?VD'dT:9:89<Ug'/;6'J<L7';X>dT:D6g
[\PI*>?N:<T<'.8N>7M8'O'@;6'7>';A:898'G?;<F9>D>7D>?>D8g'/;6'G?;<N:<=8JE'>NJ8D>D>'@;6'N<;>NJ8D>D>g
[\YI/;6';:8?9:@;8U'7>'9>D>7DV?'=<?A:98T96g'/;6'D'J<=>'NBF>D:<'D:F>@;9<'LE'U>AV?U:'D'UL;78X@:<';:8?<9'U8D6g
[\\I/;6A'J<L7';<LGVX'5<77<?<?S]:D<g
[\^I(>D:UX89:8';<LG>XB'3<68
[\QI`7V?<'U>AV?U:'9<?D>D<'LE'98JN8?F;:<J'D?8_T:D<'98'9:<F>7T<9:<9:<C'U7V?<'A9:<Jg
[\ZIc'J8U:@M'@M>?>N8@M'D6L7KGBJ<'BL;U>F;<9:<'U>AV?<U'9<?D>D6@M';'>FUX8F89:<A'L:K'=8T8U7>@<?<N?>;6FVDg
[\[I,'J8U:@M'<T<A<97VD'LUX8F8'L:K'78?m'FDBF;:<T98'B78J>98g
[\eI(?;6@;696'M:G>8TNBA:9<A::'D';<LG>T<'9<?@;6@>D6A
[^RI&9=:>G87:8'U>9=>W:T98'O'D'J8U:<J'@M>?>N:<'D6L7KGBJ<g
[^HI(>D:UX89:8';8G8T<9:8';87>U'L:7>D6@M
[^PI08U:'L789'J<L7'L789<A'G?;<F?8U>D6A'?8U8'G?;<X6UBg
[^YI`7>'A>_<'F<@6F>D8l'>'9:<D6U>96D89:B'L<U@J:'98BU>D>ST<U8?LU:<Jg
[^\I08U:<';A:896'>F@;69>D<'D6L7KGBJE'G>';8U8_<9:B'1"kg
[^^I,'J8U:@M'U>AV?<U'D6D>F;E'L:K'9>D>7D>?6'!"]*g
[^QI08U'L:K'98;6D8'@M>?>N8'G?E@:8C'G?;<N:<=8JE@8';'L7D8?F9:<9:<A'G?E@:8'G>'L7?>9:<'=?;N:<7>D<Jg
[^ZI2'@;6A'dD:8F@;6'98FA:8?'1#3Pg
[^[I`7V?6';'=T<J8UVD'@M8?8U7<?6;BJ<'L:K'98J=>?L;6A'?>U>D89:<Ag
[^eI%<W:9:@J8'A<78GT8;J:
[QRI(>D:UX89:8'G>F>L7?<=>';8G8T<9:8'78?@;6@6
[QHI]G>LVN'F;:<F;:@;<9:8';<LG>XB'&TG>?78'O'@;6'DGX6D8'>9'98'LXB@M':'D;?>Ug

!"#$%&'(')&*+,+-.+/+0""1'23'0-4

5*-+6&'7;'('78

background image

[QPI!XVD9<'?V_9:@<'A:KF;6'@M>?>NE'5<d9:>DLU:<=>S/?>M98'8'@>T:7:L'BT@<?>L8
[QYI`7V?<'9>D>7D>?6'J8J9:U8'LE'@;699<'M>?A>98T9:<g
[Q\I)>TU'L8@'7BA>?'O'J8U'DGX6D8'98'L7K_<9:<'=>98F>7?>G:96g'c'J8U:A'D:<UB'98J@;Kd@:<J'D6L7KGBJ<g
[Q^I!XVD9<'?V_9:@<'A>?W>T>=:@;9<'A:KF;6'9>D>7D>?8A:'X8=>F96A:'8';X>dT:D6A:
[QQI08U8'J<L7'98J@;KL7L;8'98N678'D8F8'L<?@8g
[QZI2G:L'@M>?>N6'(<6?>9:<=>
[Q[I!F;:<'U>9U?<79:<'T>U8T:;BJ<'L:K'A<78GT8;J8'GX8LU>98NX>9U>D8'GXB@8g
[QeI(?;6UX8F6';89:UB';'9:<F>@;699>d@:
[ZRI/>':'=F;:<'>FUX8F8'L:K'D'@M>?>N:<'.:<DA8998S(:@U8g
[ZHI(?8DF>G>F>N:<mL7D>'J8U:@M'D8F':'@M>?VN'?>d9:<'D';<LG>T<'%>D98g
[ZPI2G:L'@M>?>N6'%89T<=>Sc<MT<?8
[ZYI/>'7D>?;6'N8?:<?K'U?<DSAV;=g
[Z\I!B;'h?<99<?8
[Z^I/>'D@M>F;:'D'LUX8F'=B;U8'?<BA876@;9<=>g
[ZQI08U:<'7>?N:<T<'A8JE'A:<JL@<'D';<LG>T<']7<:9S5<f<97M8T8g
[ZZI/M>?>N8'/8L7T<A8998
[Z[I*?:8F8'1B7@M:9L>98
[ZeIc'J8U:<J'J8A:<'L<?@8'98J@;Kd@:<J'T>U8T:;BJE'L:K'dTB;8U:g
[[RI/>'7>'LE'U>AV?U:'c8?7M:98S4:9U<TF868g
[[HI4:N?>GT8;J8'O'@;6A'J<L7g'"T<'7?D8g'/>'L:K'D'9:<J'F;:<J<g
[[PI08U:<';A:896'D'DK;X8@M'@MX>996@M'G>J8D:8JE'L:K'D'G?;<N:<=B'&"%]g
[[YI!F;:<'98J@;Kd@:<J'T>U8T:;BJ<'L:K'?8U'J<T:78'=?BN<=>g
[[\I08U8'LU8T8'LXB_6'F>'>@<96';88D89L>D89:8'?8U8'J<T:78'=?BN<=>g
[[^I2NJ8D6'98F@:d9:<9:8'D'AV;=B
[[QI/;6'@M>?>N8'hBFF8S/M8?:<=>'A>_<'G>D>F>D8l'G<T>L:L'M<G87:Lg
[[ZIcXVU98'(<9LM8D8
[[[I(>?8_<9:<'(8?>778
[[eI08U:'J<L7'98J@;KL7L;6'9>D>7DV?'9:<98NX>9U>D6'7?;BL7U:g
[eRI]7896'D'U7V?6@M'D6L7KGBJ<'>L7<>G>?>;8'D7V?98
[eHI/>'A>_<'G>D>F>D8l'@M>?>NK'5<d9:>DLU:<=>S/?>M98g
[ePI`7V?<'L78D6'98J@;Kd@:<J';8JABJ<'3,]g
[eYI08U:<';A:896'D@M>F;E'D'LUX8F'7<7?8T>=::'48TT>78g
[e\I(8T<9:< ' G8G:<?>LVD ' : ' 8TU>M>T:;A ' O ' J8U:<=> ' ?8U8 ' ;D:KUL;8JE ' L;@;<=VT9:< ' G?8DF>G>F>N:<mL7D>g ' 0K;6U8g ' `?789:g'

(?;<X6UBg'*?;BL7U:g'

[e^I08U:<';A:896'D'9<?U8@M'G>DL78JE'98'LUB7<U'98F@:d9:<9:8'7K79:@;<=>g
[eQI38U'B?>7<T:8T96
[eZI08U:<';98A6'D8F6'D?>F;>9<'BUX8FB'A>@;>D>SGX@:>D<=>g
[e[IcLU8;89:8':'G?;<@:DDLU8;89:8'F>'N:>GLJ:'9<?<U
[eeI`8?:>T:;8C'G:U9>;8C'U8?:>?<ULJ8'7>'@<@M6'@M8?8U7<?6L76@;9<'FT8'U8?F:>A:>@67VD'D'U7V?<J'W8;:<';8D8XBg'
eRRI`7V?8'D8F8'L:9:@;8'J<L7'98J@;KL7L;E'D8FE'D?>F;>9E'B'F;:<@:C'AX>F;:<_6':'>LVN'F>?>LX6@Mg
eRHI08U:<'9>D>7D>?6'A8JE'd@:LX6';D:E;<U';'@:E_Eg
eRPI.8NX>9:8U'D8G9:<JE@6':'A8?7D:<JE@6'-8TM<?N<
eRYI`>T<J9>dl'W8;';8G8T<9:8'GXB@
eR\I/>'D6D>XBJ<'1(k'Qg
eR^I2NJ8D6'@;<?D:<9:@6'G?8DF;:D<J
eRQI]7896'G?;<F?8U>D<'FT8'@;<?9:8U8
eRZIcLU8;89:8'F>'N:>GLJ:'@;<?9:8U8'
eR[I/M>?>N8'!>?T:98
eReI08U:<';8G8T<9:<'L78DVD'J<L7'98J@;KL7L;<'B'F;:<@:C'8'J8U:<'B'F>?>LX6@Mg
eHRI%<W:9:@J8'U878GT8;J:
eHHI!B;>D87<';8G8T<9:<'G>D:K;:
eHPIc'U7V?6@M'L7?BU7B?8@M'AV;=B'G>DL78JE'7<T<89=:<U78;J<g
eHYI/;6A'J<L7':'D'G?;<N:<=B'J8U:<J'@M>?>N6'G>DL78J<'DE7?>N8'ABL;U87>X>D8g
eH\I08U:<'J<L7'?>U>D89:<'D'98NX>9:8UB'U>LAVDU>D6Ag
eH^I%>'@;<=>'LXB_6'L6L7<A'h<7M<LF8g
eHQI%>'@;<=>'LXB_6'LU8T8'!<8FL>98g
eHZI%<W:9:@J8'7>?N:<T:'LUV?;8L7<J
eH[I/;699:U:'?6;6U8'?8U8'<9F>A<7?:BA
eHeI(?;6@;696'G?;<U?D:<9:8'D'dT<F;:>9:<
ePRI/>'?>N:E'>9U>@676'D'78?@;6@6g
ePHI!B;'*P'D'LB7UB'O'J8U:'A8'?>;A:8?g
ePPI(>'J8U:A'@;8L:<'G>';=>9:<'G>DL78JE'GT8A6'>G8F>D<g
ePYI2F'U7V?<=>'76=>F9:8'@:E_6'AVD:A6'>'G>?>9:<9:Bg
eP\I-8@:@8'/>Bf<T8:?<x8
eP^I08U:'9>D>7DV?'U>A>?6'"k'AV;=B'D6L7KGBJ<'B'F;:<@:g
ePQI(?<G8?87'O'&?7M<?>L@T<?>L:L'8>?78<'O'J8U8'LBNL789@J8';98T8;X8'L:K'D'G?;<L7?;<9:8@M'D'UL;78X@:<':=T:@g
ePZI(?<G8?87'O'/6L7<L'.8N>7M:'O'@;6'7>';A:898'9>D>7D>?>D8g',A:898'UT:9:@;9:<'N<;';98@;<9:8g

!"#$%&'(')&*+,+-.+/+0""1'23'0-4

5*-+6&'78'('78


Wyszukiwarka

Podobne podstrony:
gpw i gielda papierow wartosciowych w praktyce
GIELDA NA EGZAMIN 2013 id 19029 Nieznany
Catalyst Przewodnik dla inwestorów, Giełda Papierów Wartościowych, Warszawa 2009
biol gielda od M
harda giełda studentów
Gielda Podstawy inwestowania Wydanie II rozszerzone gield2
Giełda walut
krwiodawstwo gielda
Negative Volume Index, giełda(3)
pokarmowka gielda, II rok, II rok CM UMK, Giełdy, od Joe, FIZJOLOGIA, KOLOKWIA, NEUROFIZJOLOGIA, gie
Egzamin z etyki - giełda, Etyka
Farmakologia Giełda 2 [2007] (2), Giełdy z farmy
Okulistyka giełda 2 opracowana, Ratownictwo Medyczne UMED - II rok, okulistyka
Accumulation, giełda(3)
giełda biochemia3, Fizjoterapia CM UMK, Biochemia
giełda 15, IV rok, IV rok CM UMK, Neurologia, giełdy z maila, giełdy, neuro gielda zaliczenie
Repetytoria 4-5 2010, Gumed II Rok Farmacja, Giełda

więcej podobnych podstron