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ƐƉƌŝŶŐƐƚĞĞůĐŽŶŶĞĐƚŽƌƉŝŶͬƐĐƌĞǁ;ĂƐŝŶĞǀŝƚĂďůĞŝŶ
ĂŶLJŽƚŚĞƌĐŽŶǀĞŶƚŝŽŶĂůƐƉĂĐĞƚƌƵƐƐƐLJƐƚĞŵͿ͕ŚĞŶĐĞ
ƚŚĞƌĞŝƐŶŽŶĞĞĚŽĨĂůĂƌŐĞďŽůƚŝŶƐĞƌƚŝŽŶŚŽůĞŽŶ
ƐƉĂĐĞĨƌĂŵĞŵĞŵďĞƌƉŝƉĞ͘ůůƚŚĞƐĞŝŶŶŽǀĂƚŝŽŶƐ
ŵĞŶƚŝŽŶĞĚĂďŽǀĞŵĂŬĞƚŚĞƐƉĂĐĞĨƌĂŵĞŵĞŵďĞƌ
ĂƐƚƌƵĐƚƵƌĂůůLJƐĞĂůĞĚŚŽůůŽǁƐĞĐƚŝŽŶǁŚŝĐŚŐƌĞĂƚůLJ
ŝŶĐƌĞĂƐĞƐ ŵĂŝŶ ĨƌĂŵĞ ŵĞŵďĞƌ ĐĂƉĂĐŝƚŝĞƐ ƚŚƵƐ
ĂůůŽǁŝŶŐƚŚĞĚĞƐŝŐŶĞƌƐƚŽƌĞĚƵĐĞƚŚĞƉŝƉĞƐŝnjĞĂŶĚ
ƚŚŝĐŬŶĞƐƐ ĂŶĚ Ɛƚŝůů ŵĂŝŶƚĂŝŶ ƚŚĞ ƐƚƌĞŶŐƚŚ ƚŽ
ǁŝƚŚƐƚĂŶĚ ĂŶĚ ƚƌĂŶƐŵŝƚ ƚŚĞ ŵƵůƚŝͲĚŝƌĞĐƚŝŽŶĂů
ĂůůŽǁĂďůĞƐƚƌĞƐƐǁĞůůŝŶƚŽƚŚĞŶŽĚĂůũŽŝŶƚƐ
&/';ϮͿDdDK/&/,K>>^^
^W&ZD^z^dD
^/'E^Zs/^
dŚĞ ĐŽŵƉĞƚĞŶƚ ĂŶĚ ĚĞĚŝĐĂƚĞĚ ƚĞĂŵ ŽĨ ƉƌŽĨĞƐƐŝŽŶĂů ĞŶŐŝŶĞĞƌƐ ƚƵƌŶĞĚ
ƚĞĐŚŶŽĐƌĂƚƐ ŽĨ ƚŚĞ ƐƉĂĐĞ ĨƌĂŵĞ ŝŶĚƵƐƚƌLJ ĐƌĞĂƚĞ ĐƵƐƚŽŵŝnjĞĚ ƐŽŌǁĂƌĞ ĨŽƌ
ĚĞƐŝŐŶĂŶĚƌĞůĂƚĞĚƐƚƌƵĐƚƵƌĂůĂŶĂůLJƐŝƐ͘
dĞĐŚŶŝĐĂů ƐƵďŵŝƩĂůƐ ŽĨ ŽƵƌ ŶŐŝŶĞĞƌŝŶŐ ĞƐŝŐŶ ^ĞƌǀŝĐĞƐ ŝŶĐůƵĚĞ ďƵƚ ŶŽƚ
ůŝŵŝƚĞĚ ƚŽ ƚŚĞ ƐƉĞĐŝĮĞĚ ŐĞŽŵĞƚƌLJ͕ ĚĞƐŝŐŶ ĐĂůĐƵůĂƟŽŶ͕ ƐƵƉƉŽƌƚ ƌĞĂĐƟŽŶƐ͕
ŵĂƚĞƌŝĂůƐƉĞĐŝĮĐĂƟŽŶ͕ƐĐŚĞŵĂƟĐůĂLJŽƵƚ͕ĐŽŶĐĞƉƚƵĂůĚĞƐŝŐŶĐƌŝƚĞƌŝĂĞƚĐ
tĞĂƌĞǁĞůůĞƋƵŝƉƉĞĚǁŝƚŚŵŽƐƚŵŽĚĞƌŶĂŶĚƐŽƉŚŝƐƟĐĂƚĞĚĞŶŐŝŶĞĞƌŝŶŐƚŽŽůƐ
ƚŽ ŵĞĞƚ ƚŚĞ ĂƌĐŚŝƚĞĐƚƵƌĂů ĂŶĚ ƐƚƌƵĐƚƵƌĂů ŶĞĞĚƐ ŽĨ ǀĂƌŝĞƚLJ ŽĨ ĐƵƐƚŽŵĞƌƐ ĨŽƌ
ĐŽŵƉůĞdžŐĞŽŵĞƚƌŝĐĂŶĚůĂƌŐĞƌƐƉĂŶƐƚƌƵĐƚƵƌĞƐ͘
/ŶͲŚŽƵƐĞ ĚĞǀĞůŽƉĞĚ ƐŽŌǁĂƌĞ ƉƌŽŐƌĂŵŵĞƐ ĂƌĞ ƐŽ ĚĞƐŝŐŶĞĚ ƚŽ ƉĞƌĨŽƌŵ
ƐƉĞĐŝĮĐƚĂƐŬƐŽĨƐƚƌƵĐƚƵƌĂůĂŶĂůLJƐŝƐƚŽŝŶƚĞƌŶĂƟŽŶĂůĐŽĚĞƐ/^͕E^/͕^͕
ĞƚĐĂƐǁĞůůĂƐƚŽŐĞŶĞƌĂƚĞŵĂŶƵĨĂĐƚƵƌŝŶŐĚĂƚĂĂŶĚŝŶƐƚĂůůĂƟŽŶĚƌĂǁŝŶŐƐƚŽ
ĞŶƐƵƌĞƐƉĞĞĚĂŶĚĂĐĐƵƌĂĐLJƚŚƌŽƵŐŚŽƵƚĐŽŶƐƚƌƵĐƟŽŶ͘
KƵƌ ĂĚĞƉƚ ĚĞƐŝŐŶ ƐƵƉƉŽƌƚ ƚĞĂŵ ďĂĐŬĞĚ ǁŝƚŚ ƚŚĞŝƌ ĚĞĐĂĚĞƐ ŽĨ ŚĂŶĚƐ ŽŶ
ĞdžƉĞƌŝĞŶĐĞ ĂƌĞ ƌĞĂĚLJ Ăůů ƟŵĞƐ ƚŽ ƐĞƌǀŝĐĞ ƚŚĞ ĐƵƐƚŽŵĞƌƐ ƚŽ ƐĞĞŬ ĨĞĂƐŝďůĞ
ĂůƚĞƌŶĂƟǀĞƐŽĨƚŚĞŝƌƉƌŽũĞĐƚƐ͘
dŚĞ ĮŶĚŝŶŐƐ ĂŶĚ ƌĞĐŽŵŵĞŶĚĂƟŽŶƐ ƌĞƐƵůƟŶŐ ĨƌŽŵ ŽƵƌ ĂŶĂůLJƐŝƐ ĐŽŶƐŝƐƚ ŽĨ
ƉƌŽƉŽƐĞĚŐĞŽŵĞƚƌLJ͕ĞƐƟŵĂƚĞĚĐŽƐƚ͖ƐƚƌƵĐƚƵƌĂůĐĂůĐƵůĂƟŽŶΘƟŵŝŶŐŽĨǀĂƌŝŽƵƐ
ƉŚĂƐĞƐŽĨƚŚĞƉƌŽũĞĐƚĂƌĞƐƵďŵŝƩĞĚƚŽƚŚĞĐƵƐƚŽŵĞƌĨŽƌƌĞǀŝĞǁĂŶĚĂƉƉƌŽǀĂů͘
”ͼ
WZKsEyWZ/EK&:sWZdEZ
:ŽŝŶƚsĞŶƚƵƌĞĐŽŵŵŝƚŵĞŶƚƚŽĞdžĐĞůƋƵĂůŝƚLJĂŶĚĞĐŽŶŽŵLJƚŽĞdžĐĞĞĚĐƵƐƚŽŵĞƌƐĂƟƐĨĂĐƟŽŶĐŽƵƉůĞĚ
ǁŝƚŚŝƚƐƋƵĞƐƚĨŽƌZΘŚĂƐƌĞƐƵůƚĞĚŝŶĂŐŝĂŶƚůĞĂƉŝŶŝƚƐƉƌŽĚƵĐƟŽŶĂŶĚŝŶƐƚĂůůĂƟŽŶŽĨƐƉĂĐĞĨƌĂŵĞƐ
ƐƚƌƵĐƚƵƌĞƐŽĨĐŽŵƉůĞdžŐĞŽŵĞƚƌŝĐƐŝŶĞŶƟƌĞDŝĚĚůĞĂƐƚĨƌŽŵϭϴ͕ϬϬϬ^ƋŵƚŝŶϭϵϵϮƚŽϯϱϬ͕ϬϬϬ^Ƌŵƚ
ĐƵƌƌĞŶƚůLJ͘
,ĂǀŝŶŐƚǁŽĚĞĐĂĚĞƐŽĨĞdžƉĞƌŝĞŶĐĞĂŶĚĞdžƉĞƌƟƐĞ͕ǁĞŚĂǀĞŝŶƐƚĂůůĞĚŽǀĞƌƚǁŽŵŝůůŝŽŶƐƋƵĂƌĞŵĞƚĞƌƐ
ŽĨƐƉĂĐĞĨƌĂŵĞƐĂƐŽĨϮϬϭϰ͕ŝŶĂůůƉŽƐƐŝďůĞŐĞŽŵĞƚƌŝĐĨŽƌŵƐĂŶĚĂƌĞƚĂŝůŽƌĞĚƚŽŵĞĞƚƚŚĞƐƉĞĐŝĮĐ
ŶĞĞĚƐŽĨŝƚƐǀĂƐƚǀĂƌŝĞƚLJŽĨĐƵƐƚŽŵĞƌƐŝŶDŝĚĚůĞĂƐƚ͕ĨƌŝĐĂ͕ĂŶĚƐŝĂƌĂŶŐŝŶŐĨƌŽŵƐŵĂůůƚŽůĂƌŐĞ
ƐƉĂŶĂƌĞĂƐ͘
”
”
&KZ'/E'/EͲ,Kh^͗
tĞ ŚĂǀĞ ĐĂƉĂĐŝƚLJ ŽĨ ϯϬϬϬϬ ƚŽŶƐ ĨŽƌŐŝŶŐ ĨŽƌ ŶŽĚĞƐ͕ ƐƵƉƉŽƌƚ ŶŽĚĞƐ͕ ĐŽŶĞƐ͕ ďŽůƚƐ ͕ ƐůĞĞǀĞƐ ͕
ĂŶĐŚŽƌĂŐĞ ƐLJƐƚĞŵ͕ ƉƵƌůŝŶ ͕ ƉƵƌůŝŶ ƐƚŽŽůƐ ĂŶĚ ĂŶLJ ŽƚŚĞƌ ĂĐĐĞƐƐŽƌŝĞƐ ƚŽ ƐƵƉƉŽƌƚ ƉƌŽũĞĐƚ
ƌĞƋƵŝƌĞŵĞŶƚƐŝŶƚĞƌŵƐŽĨƋƵĂůŝƚLJ͕ĐŽƐƚĂŶĚƟŵĞ͘
Z^KhZ^͗
ĞĚŝĐĂƚĞĚWŝƉĞƐƵƉƉůŝĞƌƐǁŝƚŚŝŶϱŬŵƌĂĚŝƵƐ͘
:/dƐƵƉƉůŝĞƐ
ĞĚŝĐĂƚĞĚƐƉĂĐĞĨƌĂŵĞƉĞƌƐŽŶŶĞůǁŝƚŚŽǀĞƌϯϬLJĞĂƌƐŽĨĞdžƉĞƌŝĞŶĐĞ
,ŝŐŚůLJĞdžƉĞƌŝĞŶĐĞĚƚĞĂŵŽĨŵĞƚĂůůƵƌŐŝƐƚƐǁŝƚŚǀĂƐƚŬŶŽǁůĞĚŐĞĂƚŽƵƌŝŶͲŚŽƵƐĞ&ŽƌŐĞƐŚŽƉ͘
Yh>/dz
Dd^ƉĂĐĞ&ƌĂŵĞŵĞŵďĞƌƐĂƌĞĞŝƚŚĞƌƉĂŝŶƚĞĚ͕WŽǁĚĞƌĐŽĂƚĞĚ͕ŐĂůǀĂŶŝnjĞĚŽƌŵĂĚĞŽĨƐƚĂŝŶůĞƐƐƐƚĞĞůͬ
ůƵŵŝŶŝƵŵ͘ƐƚŚĞƉĂƌƚƐĂƌĞŚĂŶĚLJĂŶĚŽĨƐŵĂůůƉŝĞĐĞƐ͕ĨƵůůĂƵƚŽŵĂƚŝŽŶŝƐƵƐĞĚŝŶŐĂůǀĂŶŝnjŝŶŐ͕ƐƵƌĨĂĐĞ
ƚƌĞĂƚŵĞŶƚ ĂŶĚ ƉĂŝŶƚŝŶŐ ƉƌŽĐĞƐƐĞƐ͘ dŚŝƐ ƌĞƐƵůƚƐ ŝŶ ĞƌƌŽƌͲĨƌĞĞ͕ ŚŝŐŚ ƋƵĂůŝƚLJ ĂŶĚ ůŽŶŐ ůŝĨĞ ĐŽƌƌŽƐŝŽŶ
ƉƌŽƚĞĐƚŝŽŶ͘
tĞŝŶDdŐŝǀĞŵƵĐŚŝŵƉŽƌƚĂŶĐĞƚŽĐŽƌƌŽƐŝŽŶƉƌŽƚĞĐƚŝŽŶĚƵĞƚŽŽƵƌƋƵĂůŝƚLJƉŽůŝĐLJĂŶĚƚŽĞdžĐĞĞĚ
ĐƵƐƚŽŵĞƌ ĚĞŵĂŶĚƐ͘ tĞ ŚĂǀĞ ďƵŝůƚ ƚŚĞ ďĞƐƚ ƐƵƌĨĂĐĞ ƚƌĞĂƚŵĞŶƚ ƉƌŽĐĞƐƐ ĂŶĚ ƉŽǁĚĞƌ ƉĂŝŶƚ ĐŽĂƚŝŶŐ
ĂƵƚŽŵĂƚŝŽŶŝŶƚŚĞƐĞĐƚŽƌ͘KƵƌƐƚƌƵĐƚƵƌĂůůLJƐĞĂůĞĚĐŝƌĐƵůĂƌŚŽůůŽǁƐĞĐƚŝŽŶƐƉĂĐĞƚƌƵƐƐƐLJƐƚĞŵƉƌŽƚĞĐƚ
ƚŚĞĞŶƚŝƌĞƐƚƌƵĐƚƵƌĞĨƌŽŵŝŶƚĞƌŶĂůĐŽƌƌŽƐŝŽŶƌĞƐƵůƚŝŶŐŝŶĂĨĂƌŵŽƌĞƉƌŽĚƵĐƚůŝĨĞĂŐĂŝŶƐƚĐŽƌƌŽƐŝŽŶ͘
tŚĞŶĞǀĞƌƌĞƋƵŝƌĞĚĂŶĚƵƉŽŶƚŚĞĐůŝĞŶƚ͛ƐƌĞƋƵĞƐƚ͕ĂĐŽŵƉůĞƚĞĂŶĚĚĞƚĂŝůĞĚYƵĂůŝƚLJ^LJƐƚĞŵdĞĐŚŶŝĐĂů
^ƉĞĐŝĨŝĐĂƚŝŽŶĂŶĚDĞƚŚŽĚ^ƚĂƚĞŵĞŶƚĐĂŶďĞƉƌŽǀŝĚĞĚ͘
>/sZz
/ƚŝƐĂůƐŽƉŽƐƐŝďůĞƚŽůŽĂĚƚŚĞƐĞĐƌĂƚĞƐŽŶƚŽĐŽŶƚĂŝŶĞƌƐĨŽƌĚĞůŝǀĞƌLJďLJƐĞĂǀĞƐƐĞůƐŽƌƚƌƵĐŬƐ͘dŚĞƐLJƐƚĞŵ
ŝƐĞƌĞĐƚĞĚďLJĨŝdžŝŶŐƚŚĞŵĞŵďĞƌƐĂĐĐŽƌĚŝŶŐƚŽĚĞƐŝŐŶďLJƚŚĞŚĞůƉŽĨďŽůƚƐĂŶĚƐůĞĞǀĞƐ͘^ŝŶĐĞƚŚĞƐĞ
ŵĞŵďĞƌƐĂƌĞĨĂďƌŝĐĂƚĞĚŝŶĂŶĂƵƚŽŵĂƚĞĚƐLJƐƚĞŵ͕ƚŚĞƉƌŽĚƵĐƚŝŽŶƚŝŵĞŝƐƌĞĚƵĐĞĚĐŽŶƐŝĚĞƌĂďůLJ͘
Yh>/dzΘ>Kd^d/E'
ĞƐŝĚĞƐ͕ĨƵůůƐƉĂĐĞĨƌĂŵĞĂƐƐĞŵďůLJŽĨDd͕ŝŶĐůƵĚŝŶŐĂůůƐƚƌƵĐƚƵƌĂůĞůĞŵĞŶƚƐƐƵĐŚĂƐƉŝƉĞ͕ĐŽŶĞ͕ďŽůƚ͕
ƐůĞĞǀĞ͕ƐƉŚĞƌŝĐĂůƐƚĞĞůďĂůů;ŶŽĚĞͿ͕ƉŝƉĞͬĐŽŶĞǁĞůĚŝŶŐĂƌĞƐƵďũĞĐƚĞĚƚŽƚĞŶƐŝŽŶĂŶĚĐŽŵƉƌĞƐƐŝŽŶůŽĂĚ
ƚĞƐƚƐƚŽŵĞƌŝĐĂŶDĂƚĞƌŝĂůdĞƐƚŝŶŐƐƚĂŶĚĂƌĚ^dDϯϳϬ͘dŚĞƚĞƐƚůŽĂĚƐĂƌĞĂƉƉůŝĞĚŐƌĂĚƵĂůůLJƚŽƚŚĞ
ƐƚƌƵĐƚƵƌĂůĐŽŵƉŽŶĞŶƚĂƐƐĞŵďůLJŝŶĞdžĐĞƐƐŽĨϭ͘ϱƚŝŵĞƐŽĨƚŚĞŝƌĐŽƌƌĞƐƉŽŶĚŝŶŐĚĞƐŝŐŶĂůůŽǁĞĚƐƚƌĞƐƐ
ĂŶĚƐĂĨĞƚLJĂĐĐŽƌĚŝŶŐƚŽƚŚĞĚĞƐŝŐŶĐŽĚĞƐŝŶĞƌƚŝĨŝĞĚΘƉƉƌŽǀĞĚ/ŶĚĞƉĞŶĚĞŶƚdĞƐƚŝŶŐ>ĂďŽƌĂƚŽƌŝĞƐƚŽ
ĞŶƐƵƌĞƚŚĞĚĞƉĞŶĚĂďŝůŝƚLJĂŶĚƐĂĨĞƚLJŽĨƚŚĞƐƚƌƵĐƚƵƌĞ
Kdd^d/E'
^d,d/^ΘWZKdd/KE'/E^dKZZK^/KE
KŶĐĞ ŝŶƐƚĂůůĞĚ Dd EĞǁ dĞĐŚ ^ƉĂĐĞ ƐƚƌƵĐƚƵƌĞ ƐLJƐƚĞŵ ĂƉƉĞĂƌƐ ĂƐ
ƐƚƌƵĐƚƵƌĂůůLJƐĞĂůĞĚĐŝƌĐƵůĂƌŚŽůůŽǁƐĞĐƟŽŶƐĐŽŶĐĞŶƚƌŝĐĂůůLJĐŽŶŶĞĐƚĞĚƚŽ
ƐŽůŝĚ ƐƉŚĞƌŝĐĂů ƐƚĞĞů ŶŽĚĞƐ ƐƚĂŶĚƐ ŽƵƚ ĂƐ Ă ƐƵƉĞƌŝŽƌ ĂĞƐƚŚĞƟĐ ĂŶĚ
ĂƌĐŚŝƚĞĐƚƵƌĂůĞŶĚƉƌŽĚƵĐƚ͘
dŚĞĞdžƉŽƐĞĚƐƵƌĨĂĐĞƐŽĨƐƉĂĐĞĨƌĂŵĞŵĞŵďĞƌƐĂƌĞƉŽǁĚĞƌĐŽĂƚĞĚƚŽ
ĚĞĐŽƌĂƟǀĞĐŽůŽƵƌĮŶŝƐŚŝŶĂĨĂĐƚŽƌLJĐŽŶƚƌŽůůĞĚĞŶǀŝƌŽŶŵĞŶƚ͘KƵƌŵŽƐƚ
ŵŽĚĞƌŶ ĂŶĚ ĂƵƚŽŵĂƚĞĚ njŝŶĐ ƉŚŽƐƉŚĂƚĞ ƚƌĞĂƚŵĞŶƚͬ ƉŽǁĚĞƌ ĐŽĂƟŶŐ
ƚĞĐŚŶŽůŽŐLJ ƉƌŽǀŝĚĞƐ ǁĞĂƚŚĞƌ ĂŶĚ ĂďƌĂƐŝŽŶ ƌĞƐŝƐƚĂŶƚ ƚŚĞƌŵŽƐĞƚ
ƉŽůLJĞƐƚĞƌĐŽĂƟŶŐƐŝŶǀĂƌŝŽƵƐĞLJĞĐĂƚĐŚŝŶŐĐŽůŽƵƌƐƐĞůĞĐƚĞĚĨƌŽŵ'ĞƌŵĂŶ
ĐŽůŽƵƌ^ƚĂŶĚĂƌĚZ>Žƌ/ŶƚĞƌŶĂƟŽŶĂůůLJĂĐĐĞƉƚĞĚE^͘
dŚĞƉŽůLJĞƐƚĞƌƉŽǁĚĞƌŽƌŐĂŶŝĐĐŽĂƟŶŐƐƐƉĞĐŝĂůůLJĨŽƌŵƵůĂƚĞĚĨŽƌĨĂĐĂĚĞƐ
ŚĂǀŝŶŐ ƵůƚƌĂ ǀŝŽůĞƚ ;hsͿ ƉƌŽƚĞĐƟŽŶ ĂƌĞ ŽǀĞŶ ďĂŬĞĚ ƚŽ ĐŽŵƉůĞƚĞ ƚŚĞ
ƉŽůLJŵĞƌŝnjĂƟŽŶŵĞĐŚĂŶŝƐŵƚŽĨŽƌŵƐŵŽŽƚŚ͕ŚĂƌĚƉŽůLJĞƐƚĞƌĮůŵĮƌŵůLJ
ďŽŶĚĞĚƚŽƚŚĞďĂƐĞŵĞƚĂůŝŶDĂƚ͕^Ğŵŝ'ůŽƐƐŽƌ,ŝŐŚ'ůŽƐƐĮŶŝƐŚ͘
DDZ>Kd^d/E'͘
t>d^d/E'͘
WKtZKd/E'
&ƵƌƚŚĞƌ͕ƚŚĞĂďƐĞŶĐĞŽĨŚŽůĞƐŽŶƉŝƉĞƐ͕ďŽůƚƐ͕ĂŶĚƐůĞĞǀĞƐƉƌĞǀĞŶƚƐƚŚĞ
ŝŶƐŝĚĞƌĞƉůĞŶŝƐŚŵĞŶƚŽĨĂŝƌ;ŽdžLJŐĞŶͿĂŶĚŵŽŝƐƚƵƌĞŚĞŶĐĞƉƌŽƚĞĐƚƐƚŚĞŵ
ĨƌŽŵŝŶƚĞƌŶĂůĐŽƌƌŽƐŝŽŶŝŶĞůĂƉƐĞŽĨƟŵĞ͘
DĞƚĂůůŝĐ ĐŽůŽƵƌƐ ŽĨ ĞdžĐĞůůĞŶƚ hs ƌĞƐŝƐƚĂŶƚ ƉƵƌĞ ƉŽůLJĞƐƚĞƌ ĐŽĂƟŶŐƐ͕
ĞƌĂŵŝĐĐŽĂƟŶŐƐƚŽŽďƚĂŝŶŵĂƌďůĞĂŶĚǀĂƌŝŽƵƐǁŽŽĚĞŶƚĞdžƚƵƌĞĮŶŝƐŚĞƐ͕
<LJŶĂƌϱϬϬĐŽĂƟŶŐƚŽŶĞĂƌƐŝůǀĞƌĐŽůŽƵƌĞƚĐĂƐǁĞůůĂƐĚĞĐŽƌĂƟǀĞŶŝĐŬĞů
ĐŚƌŽŵĞĮŶŝƐŚĞƐƚŽŽĐĂŶďĞĨƵƌŶŝƐŚĞĚĂƐŽƉƟŽŶƐ͘
KƵƌEĞǁdĞĐŚ^ƉĂĐĞ&ƌĂŵĞǁŝƚŚŝƚƐŝŵƉƌŽǀĞĚĨĞĂƚƵƌĞƐŚĂǀŝŶŐƚĂŝůŽƌĞĚďLJ
ĂďƵŶĐŚŽĨĂĚĞƉƚƚĞĐŚŶŝĐŝĂŶƐĂŶĚƚĞĐŚŶŽĐƌĂƚƐŽĨƚŚŝƐŝŶĚƵƐƚƌLJĞĂƌŵĂƌŬĞĚ
ĂĚĞĮŶŝƚĞĞĚŐĞŽǀĞƌŝƚƐĐŽŵƉĞƟƚŽƌƐĂŶĚŚĂƐŶŽǁďĞĐŽŵĞĂďƌĂŶĚŽĨŝƚƐ
ŽǁŶŶŽƚŽŶůLJŝŶ/ŶĚŝĂ͕ďƵƚŝŶĞŶƟƌĞDŝĚĚůĞĂƐƚ͕ƐŝĂĂŶĚĨƌŝĐĂ͘
ZD/Kd/E'^
KsE
&/ZWZKK&/E'K&^W&ZD
tŚĞŶƐƉĞĐŝĮĞĚƚŽďĞĮƌĞƉƌŽƚĞĐƚĞĚ͕ƚŚĞĞdžƚĞƌŝŽƌĞdžƉŽƐĞĚƐƵƌĨĂĐĞ
ŽĨƚŚĞĐŽŵƉŽŶĞŶƚƐŝƐƐƉƌĂLJĐŽĂƚĞĚǁŝƚŚh>ĐĞƌƟĮĞĚŝŶƚƵŵĞƐĐĞŶƚ
ƉĂŝŶƚĨŽƌŵŝŶŝŵƵŵŽŶĞŚŽƵƌĮƌĞƌĂƟŶŐ͘
/Ŷ ƐƵĐŚ ĐĂƐĞƐ͕ ƚŚĞ ƐƉĂĐĞ ƐƚƌƵĐƚƵƌĞ ŝƐ ĚĞƐŝŐŶĞĚ ƚŽ ƐĞůĞĐƚ ƚŚĞ
ŽƉƟŵƵŵƐŝnjĞĂŶĚƚŚŝĐŬŶĞƐƐŽĨĞĂĐŚĞůĞŵĞŶƚŝŶƚŚĞƐƚƌƵĐƚƵƌĞĨŽƌ
ƚŚĞ ƌĞƋƵŝƌĞĚ ,Wͬ ǀĂůƵĞ ƚŚĂƚ ŝƐ ,ĞĂƚĞĚ WĞƌŝŵĞƚĞƌ ƚŽ ƌŽƐƐ
ƐĞĐƟŽŶĂůƌĞĂƚŽĂĐŚŝĞǀĞĂŵŝŶŝŵƵŵĮƌĞƌĂƟŶŐŽĨϲϬŵŝŶƵƚĞƐ͘
/Ĩ ƚŚĞƌĞ ŝƐ ŶŽ ƐƉĞĐŝĮĐ ĮƌĞ ƌĂƟŶŐ ƌĞƋƵŝƌĞĚ͕ ƚŚĞŶ ƚŚĞ ƐƚƌƵĐƚƵƌĞ
ĚĞƐŝŐŶĞĚ ĂƐ ƐƚĂŶĚĂƌĚ ƐƉĂĐĞ ĨƌĂŵĞ ĂƐ ƉĞƌ ƉƌŽũĞĐƚ ƐƉĞĐŝĮĞĚ
ůŽĂĚŝŶŐƐĂƐǁĞůůĂƐĚĞƐŝŐŶĐŽĚĞƐĂŶĚĂh>ĐĞƌƟĮĞĚŝŶƚƵŵĞƐĐĞŶƚ
ƉĂŝŶƚŝƐĐŽĂƚĞĚĂƐƌĞĐŽŵŵĞŶĚĞĚďLJƚŚĞĐŽĂƟŶŐŵĂŶƵĨĂĐƚƵƌĞƌ͘
/E^d>>d/KE
dŚĞƐĞ ĂƌĞ ĐĂƌƌŝĞĚ ŽƵƚ ďLJ Ă ŶĞƚǁŽƌŬ ŽĨ YƵĂůŝĨŝĞĚ ĂŶĚ ĞƌƚŝĨŝĞĚ
ƵŝůĚĞƌƐǁŽƌŬŝŶŐŚĂŶĚͲŝŶͲŚĂŶĚǁŝƚŚDdƚŽĞŶƐƵƌĞƐĂƚŝƐĨĂĐƚŽƌLJ
ĐŽŵƉůĞƚŝŽŶŽĨǁŽƌŬƐ͘ƌĞĐƚŝŽŶŝƐŐĞŶĞƌĂůůLJĐĂƚĞŐŽƌŝnjĞĚŝŶƚŽƚŚƌĞĞ
ŵĞƚŚŽĚƐŽƌĐŽŵďŝŶĂƚŝŽŶƚŚĞƌĞŽĨĚĞƉĞŶĚŝŶŐƵƉŽŶƚŚĞĂĐƚƵĂůƐŝƚĞ
ĐŽŶĚŝƚŝŽŶƐ ŶĂŵĞůLJ͗ /ŶͲƐŝƚƵ ĂƐƐĞŵďůLJ ĨƌŽŵ ĞŝƚŚĞƌ ĨƵůů ŚĞŝŐŚƚ
ŵŽďŝůĞŽƌĨŝdžĞĚƐĐĂĨĨŽůĚƐ͘
&ƵůůĂƐƐĞŵďůLJŽŶŐƌŽƵŶĚĂŶĚůŝĨƚŝŶƚŽƉŽƐŝƚŝŽŶƵƐŝŶŐĂƉƉƌŽƉƌŝĂƚĞ
ƐŝnjĞĚĐƌĂŶĞ͘
WĂƌƚŝĂů ĂƐƐĞŵďůLJ ŽŶ ŐƌŽƵŶĚ͕ ůŝĨƚ ŝŶƚŽ ƉŽƐŝƚŝŽŶ ďLJ ĐƌĂŶĞ ĂŶĚ
ĐŽŵƉůĞƚĞĂƐƐĞŵďůLJďLJŵŽďŝůĞƐĐĂĨĨŽůĚƐ͘
dŚĞĐŽŵƉůĞƚĞĚƐƉĂĐĞĨƌĂŵĞǁŝůůƵŶĚĞƌŐŽĨƵůůĂŶĚĐŽŵƉƌĞŚĞŶƐŝǀĞ
ĨŝŶĂůŝŶƐƉĞĐƚŝŽŶďĞĨŽƌĞŚĂŶĚͲŽǀĞƌƚŽĐůŝĞŶƚƐ͘
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WƌŝŵĞƌ
/ŶƚƵŵĞƐĐĞŶƚŽĂƟŶŐ
dŽƉŽĂƟŶŐ
&ŝƌĞ^ĞĐƵƌŝƚLJ^LJƐƚĞŵƐ
/ŶƚƵŵĞƐĐĞŶƚ^ƚĞĞů&ŝƌĞWƌŽŽĮŶŐ
sEd'^K&^W&ZD^
” >ŝŐŚƚĞƌĂŶĚƐƚƌƵĐƚƵƌĂůůLJĞĸĐŝĞŶƚ
” >ĞƐƐĞƌĐŽƐƚĨŽƌůĂƌŐĞƐƉĂŶĂƌĞĂƐ
” ZĞƋƵŝƌĞƐůĞƐƐĞƌŶƵŵďĞƌŽĨĐŽůƵŵŶƐƵƉƉŽƌƚƐ
” WƌĞͲĂƐƐĞŵďůLJĂůůŽǁƐƉƌŽũĞĐƚĂĐĐĞůĞƌĂƟŽŶĚƵĞƚŽĞdžƚƌĞŵĞůLJůŽǁ
ƐŝƚĞĞƌĞĐƟŽŶƟŵĞ
” WƌĞͲĮŶŝƐŚĞĚƚŽĂǀŽŝĚƐŝƚĞƉĂŝŶƟŶŐΘŝŶƐƉĞĐƟŽŶ
” ůůƐĞƌǀŝĐĞůŝŶĞƐĐĂŶƌƵŶƚŚƌŽƵŐŚĨƌĂŵĞ
” ^ŝŵƉůĞŵŽĚŝĮĐĂƟŽŶŽƌĚŝƐͲĂƐƐĞŵďůLJĨŽƌƌĞͲƵƐĞ
” ^ƉĂĐĞ&ƌĂŵĞĐĂŶďĞĂĨĞĂƚƵƌĞǁŝƚŚŽƵƚĐĞŝůŝŶŐ
” ĞŇĞĐƟŽŶƐĂƌĞǀĞƌLJƐŵĂůůĞǀĞŶǁŚĞŶƐƉĂŶƐĂƌĞǀĞƌLJůĂƌŐĞ
” ĐĐŽŵŵŽĚĂƚĞƐĐŽŶĐĞŶƚƌĂƚĞĚůŽĂĚƐ
” ^ƵŝƚŝƌƌĞŐƵůĂƌƐƵƉƉŽƌƚŽƌƉůĂŶŐĞŽŵĞƚƌLJ
” sĂƌŝĂďůĞĚĞƉƚŚĨŽƌƌŽŽĨĚƌĂŝŶĂŐĞŝƐďƵŝůƚͲŝŶ
” DŝŶŝŵƵŵƐƚƌƵĐƚƵƌĞǁĞŝŐŚƚ
” >ŽŶŐĐůĞĂƌƐƉĂŶƐƵƉƚŽϭϴϬŵĞƚĞƌƐ
WW>/d/KEK&^W&ZD^
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WŽǁĞƌƉůĂŶƚďƵůŬĐŽĂůƐƚŽƌĂŐĞĚŽŵĞƐͬďĂƌƌĞůǀĂƵůƚ
ĞŵĞŶƚƉůĂŶƚďƵůŬůŝŵĞƐƚŽŶĞ͕ŐLJƉƐƵŵƐƚŽƌĂŐĞĚŽŵĞƐ
ƵĚŝƚŽƌŝƵŵƐ
ŽŶǀĞŶƟŽŶĐĞŶƚƌĞƐ
>W'ŐĂƐďŽƩůŝŶŐƉůĂŶƚ
^ƉŽƌƚƐƐƚĂĚŝƵŵ
ŝƌƉŽƌƚ&ĂĐŝůŝƟĞƐ
tĂƌĞŚŽƵƐĞƐ
&ĂĐƚŽƌŝĞƐͬŝŶĚƵƐƚƌŝĂůƐŚĞĚƐ
ƌĐŚŝƚĞĐƚƵƌĂůDŽŶƵŵĞŶƚƐ
džŚŝďŝƟŽŶ,ĂůůƐͬ^ŚŽǁƌŽŽŵƐ
ZĞĐƌĞĂƟŽŶĂůĂŶĚ^ƉŽƌƚƐĂƌĞĂƐ
WĞĚĞƐƚƌŝĂŶKǀĞƌƉĂƐƐĞƐ
^ŚŽƉƉŝŶŐDĂůůƐ
ƚƌŝƵŵƐĂŶĚŽƵƌƚLJĂƌĚƐƌĞĂƐ
ĂƌWĂƌŬ^ŚĞĚƐ
'ĂƐͬWĞƚƌŽů^ƚĂƟŽŶƐ
DĞƚƌŽZĂŝůǁĂLJ^ƚĂƟŽŶƐ
,ŝŐŚǁĂLJdŽůů'ĂƚĞƐ
^ŽůĂƌWĂŶĞů
ƵƐ^ƚĂƟŽŶƐ
ŽŵŵĞƌĐŝĂůďƵŝůĚŝŶŐĐŽŵƉŽƐŝƚĞďĞĂŵƐ
sEd'^K&^W&ZD^
^ŝŶĐĞůŝŐŚƚǁĞŝŐŚƚƚƵďĞĞůĞŵĞŶƚƐΘƐƉŚĞƌŝĐĂůďĂůůƐĨŽƌŵŝŶŐƚŚĞƐƉĂĐĞĨƌĂŵĞƐLJƐƚĞŵ͕ŝƚĐĂŶďĞůŝŌĞĚďLJ
ŚƵŵĂŶĞīŽƌƚ͘dŚĞƌĞĨŽƌĞ͕ƚŚĞŝŶƐƚĂůůĂƟŽŶŽĨƚŚĞƐƚƌƵĐƚƵƌĞĐĂŶďĞĚŽŶĞǁŝƚŚƚŚĞŚĞůƉŽĨĂŵŽďŝůĞ
ƐĐĂīŽůĚŝŶƉůĂĐĞƐǁŚĞƌĞĂĐƌĂŶĞĐĂŶŶŽƚďĞƵƐĞĚ͘tŚĞƌĞƚŚĞƌĞŝƐĐƌĂŶĞĂĐĐĞƐƐ͕ƚŚĞƐƉĂĐĞĨƌĂŵĞ
ƐLJƐƚĞŵĐĂŶďĞƉĂƌƟĂůůLJŽƌǁŚŽůůLJĞƌĞĐƚĞĚŽŶƚŚĞŐƌŽƵŶĚĂŶĚůĂƚĞƌůŝŌĞĚŽŶƚŚĞƐƵƉƉŽƌƚƐ͘LJƚŚŝƐ
ŵĞƚŚŽĚůĂƌŐĞƐƉĂŶĂŶĚďŝŐĂƌĞĂƐĐĂŶďĞŝŶƐƚĂůůĞĚŝŶƐŚŽƌƚĞŶĞĚƟŵĞƉĞƌŝŽĚ͘
dŚĞĐŽŶǀĞŶƟŽŶĂůƐƚĞĞůƐƚƌƵĐƚƵƌĞƐĐĂŶĐƌŽƐƐůĂƌŐĞƐƉĂŶƐŽŶůLJŝŶŽŶĞĚŝƌĞĐƟŽŶďƵƚƐƉĂĐĞĨƌĂŵĞƐĐĂŶ
ĐƌŽƐƐůĂƌŐĞƐƉĂŶƐŝŶďŽƚŚĚŝƌĞĐƟŽŶƐ͘dŚŝƐŐŝǀĞƐŐƌĞĂƚǀĞƌƐĂƟůŝƚLJĂŶĚĨƌĞĞĚŽŵƚŽƚŚĞĚĞƐŝŐŶĞƌŝŶƚŚĞ
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^ĂƵĚŝƌĂďŝĂ
^ĂƵĚŝƌĂďŝĂ
^ĂƵĚŝƌĂďŝĂ
^ĂƵĚŝƌĂďŝĂ
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^ĂƵĚŝƌĂďŝĂ
^ĂƵĚŝƌĂďŝĂ
ƌĞĂ;ŵϸͿ
ϯ͕Ϯϲϳ
ϯ͕ϮϬϬ
ϯ͕Ϭϳϴ
ϯ͕Ϭϲϰ
ϯ͕ϬϬϲ
ϯ͕ϬϬϬ
ϯ͕ϬϬϬ
Ϯ͕ϵϲϬ
Ϯ͕ϵϰϰ
Ϯ͕ϴϮϬ
Ϯ͕ϳϴϰ
Ϯ͕ϳϳϵ
Ϯ͕ϳϲϬ
Ϯ͕ϲϴϴ
Ϯ͕ϲϱϲ
Ϯ͕ϱϴϮ
Ϯ͕ϱϮϬ
Ϯ͕ϰϳϲ
Ϯ͕ϰϳϬ
Ϯ͕ϰϱϮ
Ϯ͕ϰϰϱ
Ϯ͕ϯϱϲ
Ϯ͕ϯϬϰ
Ϯ͕ϯϬϰ
Ϯ͕ϮϴϬ
Ϯ͕ϮϴϬ
Ϯ͕Ϯϲϳ
Ϯ͕Ϯϯϳ
Ϯ͕ϮϮϯ
Ϯ͕ϮϭϮ
Ϯ͕ϭϵϮ
Ϯ͕ϭϵϮ
Ϯ͕ϭϳϴ
Ϯ͕ϭϰϵ
Ϯ͕ϭϬϵ
ϭ͕ϵϴϬ
ϭ͕ϵϴϬ
ϭ͕ϵϰϮ
ϭ͕ϵϮϵ
ϭ͕ϵϮϬ
ϭ͕ϵϮϬ
ϭ͕ϴϴϲ
zĞĂƌŽĨŽŵƉůĞƚŝŽŶ
ϮϬϬϴ
DĂƌͲϬϱ
DĂLJϬϳ
DĂƌΖϵϱ
&ĞďϬϲ
ϭϵϵϰ
^ĞƉͲϬϰ
DĂƌͲϬϱ
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ĞĐ͘Ζϵϰ
DĂLJϬϯ
:ƵŶĞΖϬϭ
ƵŐͲϬϰ
&ĞďͲϬϱ
&ĞďϬϳ
ƵŐͲϬϰ
ƵŐ͘Ζϵϲ
:ƵůLJΖϵϳ
:ƵůLJϬϲ
&ĞďϬϬϭ
:ƵůLJΖϵϰ
&ĞďϬϳ
ƉƌŝůΖϵϰ
^ĞƉƚ͘Ζϵϰ
:ĂŶ͘Ζϵϴ
ƵŐ͘Ζϵϱ
ϮϬϬϱ
ƵŐ͘Ζϵϱ
ƵŐ͘Ζϵϲ
&ĞďƌƵĂƌLJͲϬϴ
DĂLJΖϵϲ
:ƵŶĞΖϵϰ
EŽǀ͘Ζϵϵ
ƵŐͲϬϱ
ϭϵϵϱ
EŽǀ͘Ζϵϲ
KĐƚ͘Ζϵϲ
ƵŐƵƐƚΖϵϰ
ƵŐ͘Ζϵϵ
DĂƌ͘Ζϵϵ
WƌŽũĞĐƚƐdžĞĐƵƚĞĚ
WƌŽũĞĐƚEĂŵĞ
EĞǁDϮ^ŚĂĚĞͲϮKĨĨ
Dϭ^ŚĂĚĞͲϮKĨĨ
DϭͲ^ŚĂĚĞͲϮKĨĨ
Dϭ^ŚĂĚĞͲϮKĨĨ
Dϭ^ŚĂĚĞͲϮKĨĨ
DϭͲ^ŚĂĚĞͲϮKĨĨ
DϭͲ^ŚĂĚĞͲϮKĨĨ
DϭͲ^ŚĂĚĞͲϮKĨĨ
WƌŝŶĐĞ^ƵůƚĂŶŝƌďĂƐĞ&ĂĐŝůŝƚŝĞƐ
WƌŝŶĐĞƐƐ:ĂǁĂŚĂƌZĞŚĂďŝůŝƚĂƚŝŽŶĞŶƚƌĞ
WƌŝŶĐĞ^ƵůƚĂŶŝƌĂƐĞ;ZŽŽĨ^ƚƌĐƚϮŽĨĨͿ
ůŶĚĂůƵƐWǀƚ͘^ĐŚŽŽů͕:ĞĚĚĂŚ
Ğǀ͘KĨů<ĂƌũĞDĂƌŬĞƚǁŝƚŚ
Ğǀ͘KĨů<ĂƌũĞDĂƌŬĞƚǁŝƚŚ
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^ĂƵĚŝƌĂŵĐŽ^'^ĐŚŽŽů
WƌŝŶĐĞ^ƵůƚĂŶĂŝƌĂƐĞů<ŚĂƌĂũ
ϮϬϯDĂŝŶƚĞŶĂŶĐĞƵŝůĚŝŶŐ
ϮϬϯDĂŝŶƚĞŶĂŶĐĞƵŝůĚŝŶŐ
ůKƚŚĂŝŵ^ƵƉĞƌDĂƌŬĞƚ
ŽŶƚŝŶĞŶƚĂů^ĐŚŽŽů
WĞƌĨŽƌŵĂŶĐĞƌĞĂ
DƵůƚŝƉƵƌƉŽƐĞ,Ăůů
ƌLJ^ƉŽƌƚ,Ăůů
ϱϬĞĚ,ŽƐƉŝƚĂů
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dLJƉĞϮͬϮϴͲϰKĨĨ
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Z^E&,ƵŶƚĞƌWƌŽũĞĐƚ͕:ƵďĂŝů
ƌĂŵĐŽ'ĂƚĞ/
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^ĂƵĚŝƌĂďŝĂ
^ĂƵĚŝƌĂďŝĂ
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^ĂƵĚŝƌĂďŝĂ
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YĂƚĂƌ
^ĂƵĚŝƌĂďŝĂ
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^ĂƵĚŝƌĂďŝĂ
^ĂƵĚŝƌĂďŝĂ
^ĂƵĚŝƌĂďŝĂ
^ĂƵĚŝƌĂďŝĂ
^ĂƵĚŝƌĂďŝĂ
^ĂƵĚŝƌĂďŝĂ
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^ĂƵĚŝƌĂďŝĂ
^ĂƵĚŝƌĂďŝĂ
^ĂƵĚŝƌĂďŝĂ
^ĂƵĚŝƌĂďŝĂ
^ĂƵĚŝƌĂďŝĂ
^ĂƵĚŝƌĂďŝĂ
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^ĂƵĚŝƌĂďŝĂ
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^ĂƵĚŝƌĂďŝĂ
^ĂƵĚŝƌĂďŝĂ
ƌĞĂ;ŵϸͿ
ϭ͕ϴϴϬ
ϭ͕ϴϴϬ
ϭ͕ϴϴϬ
ϭ͕ϴϴϬ
ϭ͕ϴϴϬ
ϭ͕ϴϴϬ
ϭ͕ϴϴϬ
ϭ͕ϴϴϬ
ϭ͕ϴϳϮ
ϭ͕ϴϲϵ
ϭ͕ϴĂϬϬ
ϭ͕ϳϲϰ
ϭ͕ϳϰϮ
ϭ͕ϳϰϮ
ϭ͕ϳϰϭ
ϭ͕ϳϰϬ
ϭ͕ϳϯϲ
ϭ͕ϳϮϴ
ϭ͕ϳϮϴ
ϭ͕ϳϬϱ
ϭ͕ϳϬϮ
ϭ͕ϳϬϮ
ϭ͕ϳϬϮ
ϭ͕ϳϬϮ
ϭ͕ϲϴϯ
ϭ͕ϲϴϬ
ϭ͕ϲϳϵ
ϭ͕ϲϮϬ
ϭ͕ϲϮϬ
ϭ͕ϲϬϬ
ϭ͕ϱϳϱ
ϭ͕ϱϲϬ
ϭ͕ϱϯϴ
ϭ͕ϱϯϲ
ϭ͕ϱϯϲ
ϭ͕ϱϮϬ
ϭ͕ϱϭϮ
ϭ͕ϱϬϳ
ϭ͕ϱϬϬ
ϭ͕ϱϬϬ
ϭ͕ϱϬϬ
ϭ͕ϰϲϬ
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ƵŐƵƐƚΖϵϰ
KĐƚ͘Ζϵϰ
KĐƚ͘Ζϵϰ
EŽǀ͘Ζϵϰ
ĞĐͬ͘:ĂŶ͘
:ĂŶ͘Ζϵϱ
:ĂŶ͘Ζϵϱ
&Ğď͘Ζϵϱ
:ƵŶ͘ΖϬϬ
:ƵůLJͲϬϱ
:Ƶů͘Ζϵϴ
Ɖƌ͘Ζϵϲ
^ĞƉƚ͘Ζϵϳ
^ĞƉƚ͘Ζϵϳ
ƵŐΖϬϮ
:ƵŶ͘Ζϵϵ
ƵŐ͘Ζϵϵ
:ĂŶͬ͘&ĞďΖϵϱ
&ĞďͬDĂƌΖϵϱ
DĂƌ͘Ζϵϵ
KĐƚ͘Ζϵϳ
^ĞƉƚ͘Ζϵϳ
^ĞƉƚ͘Ζϵϳ
ƉƌŝůϬϳ
DĂLJΖϬϮ
EŽǀ͘Ζϵϱ
ƵŐ͘Ζϵϵ
ƵŐ͘Ζϵϵ
:ĂŶΖϬϮ
ϭϵϵϰ
:ƵůLJϬϲ
:ĂŶ͘ΖϬϮ
KĐƚ͘Ζϵϰ
ĞĐ͘Ζϵϰ
ƉƌͲϬϱ
ϭϵϵϰ
&Ğď͘Ζϵϳ
ϭϵϵϯ
:ƵůLJΖϵϵ
ƵŐ͘Ζϵϵ
ĞĐΖϵϵ
WƌŽũĞĐƚƐdžĞĐƵƚĞĚ
WƌŽũĞĐƚEĂŵĞ
KďĂŝŬĂŶDĂůů͘ƌĞĂϭ
EĂƚŝŽŶĂů'ƌŽƵŶĚ,͘Y
ĞƉƵƚLJůĚŐ͘;ϮKĨĨͿ
^ŝŐŶĂůĚŐ͘;ϭKĨĨͿ
WƌŝŶĐĞ^ƵůƚĂŶŝƌďĂƐĞ'ŝƌů,ŝŐŚ^ĐŚů͘
^ŚŬDĂŶƐŽƵƌŝŶ:ƵŵĂŚŽŵ͘ĞŶƚƌĞ
'ĂƐ^ƚĂƚŝŽŶů<ŚƵĚĂŝƌ
^ĂƵĚŝƌĂŵĐŽ,ĂǁŝLJĂŚ^ƵƉƉŽƌƚ
^ĂƵĚŝƌĂŵĐŽZĞĐĞŝǀŝŶŐĂŶĚ^ŚŝƉƉŝŶŐ
^ZŝLJĂĚŚZĞĨŝŶĞƌLJZĞĐĞŝǀŝŶŐ
^ĂƵĚŝƌĂŵĐŽ^'^ĐŚŽŽů
^ĂƵĚŝƌĂŵĐŽ^'^ĐŚŽŽů
^ĂƵĚŝƌĂŵĐŽ^'^ĐŚŽŽů
ůYƵƌĂŝŶzŽƵƚŚůƵď
ďƵŚĂďŝ^ĐŚŽŽů
h^ĐŚŽŽů;ŝǀŝůĐŽͿEŽ͘Ϯ
h^ĐŚŽŽů;,ĂďĂŝƐŚŝŽŶƚ͘Ϳ
ƌĂŵĐŽ'ĂƚĞϱ
ůZĂLJĂ^ƵƉĞƌDĂƌŬĞƚ
^ĂƵĚŝƌĂŵĐŽ'ŝƌůƐ/ŶƚĞƌŵ
^ĂƵĚŝƌĂŵĐŽZĞĐΘ^ŚŝƉ^ƵŶƐŚĞĚ
^ĂƵĚŝƌĂŵĐŽZĞĐΘ^ŚŝƉ^ƵŶƐŚĞĚ
^ĂƵĚŝƌĂŵĐŽ^ƵŶƐŚĂĚĞ͕dĂŚĂũŝď
^ZĞĐĞŝǀŝŶŐΘ^ŚŝƉƉŝŶŐĨĂĐŝůŝƚLJͲzĂŶďƵ
dLJƉĞϮ'ŝƌůƐ^ĐŚŽŽůͲϯKĨĨ
dLJƉĞϮ'ŝƌůƐ^ĐŚŽŽůͲϯKĨĨ
dLJƉĞϮ'ŝƌůƐ^ĐŚŽŽůϯKĨĨ
KďĂŝŬĂŶDĂůů͘ƌĞĂͲϮ
WƌŝŶĐĞ^ƵůƚĂŶŝƌďĂƐĞůĞŵ͘
ůDĂũĞĚ^ĐŚŽŽů
'ƌĂŶĚƐƚĂŶĚ͕dĂďƵŬ
WƌŝŶĐĞ^ƵůƚĂŶŝƌĂƐĞů<ŚĂƌũ
ů:ƵŵŝĂŚĞŶƚƌĞ͕ĂŵŵĂŵ
DƵďĂƌĂŬ^ĞĐƵƌŝƚLJĐĂĚĞŵLJ͕ŐLJƉƚ
dLJƉĞϯͬϮϮͲyϱKĨĨ
^ĂƵĚŝŵƵƐĞŵĞŶƚWĂƌŬ
/ĚĞĂů^ĐŚŽŽů^ǁŝŵŵŝŶŐWŽŽů
WĞĚĞƐƚƌŝĂŶƌŝĚŐĞϭΘϮ;ϭϬϱ>DͿ
tĞƐƚ^ĂďĂŚ
ϭϱ^'^ĐŚŽŽůdLJƉĞͲ
^ZĂďŝďŐZĞĨŝŶĞƌLJ'ĂƚĞηϱ
DĂŶĂƌĂƚů^ŚĂƌƋŝĂ^ĐŚŽŽů
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h
h
h
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^ĂƵĚŝƌĂďŝĂ
ƌĞĂ;ŵϸͿ
ϭ͕ϰϱϬ
ϭ͕ϰϰϬ
ϭ͕ϰϰϬ
ϭ͕ϰϰϬ
ϭ͕ϰϮϵ
ϭ͕ϰϭϮ
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ϭ͕ϰϬϬ
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ϭ͕ϯϲϴ
ϭ͕ϯϲϴ
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ϭ͕ϯϰϰ
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ϭ͕ϯϮϬ
ϭ͕ϯϮϬ
ϭ͕ϯϮϬ
ϭ͕ϯϬϱ
ϭ͕Ϯϵϵ
ϭ͕Ϯϵϴ
ϭ͕Ϯϵϲ
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ϭ͕Ϯϲϴ
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ϭ͕ϮϲϬ
ϭ͕ϮϱϬ
ϭ͕ϮϯϮ
ϭ͕ϮϯϮ
ϭ͕Ϯϯϭ
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DĂƌͲϬϱ
ĞĐ͘Ζϵϳ
ĞĐ͘Ζϵϳ
ĞĐ͘Ζϵϳ
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DĂƌ͘Ζϵϵ
:ĂŶ͘Ζϵϳ
Ɖƌ͘ΖϬϬ
KĐƚ͘ΖϬϭ
:ƵŶͲϬϱ
:ƵŶ͘Ζϵϵ
:ƵŶ͘Ζϵϵ
:ƵŶ͘Ζϵϵ
&ĞďϬϬϭ
ϭϵϵϰ
&ĞďΖϵϱ
&ĞďΖϵϱ
KĐƚ͘Ζϵϰ
DĂLJͲϬϱ
:ƵůLJΖϬϮ
^ĞƉƚ͘Ζϵϳ
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DĂLJΖϵϴ
:ƵůLJͲϬϱ
DĂƌ͘Ζϵϰ
EŽǀ͘Ζϵϰ
:ĂŶͬ͘&ĞďΖϵϱ
ƉƌͲϬϱ
:ƵŶ͘ΖϬϬ
ϭϵϵϰ
ĞĐͬ͘:ĂŶ͘
&Ğď͘ΖϬϭ
DĂƌϬϲ
ĞĐ͘Ζϵϲ
^ĞƉƚ͘Ζϵϰ
:ƵŶĞΖϵϰ
EŽǀ͘Ζϵϵ
ϭϵϵϯ
:ƵůLJΖϵϲ
^ĞƉƚ͘ΖϬϭ
:ƵůLJϬϲ
^ĞƉƚ͘Ζϵϱ
WƌŽũĞĐƚƐdžĞĐƵƚĞĚ
WƌŽũĞĐƚEĂŵĞ
ĞůĞďƌĂƚŝŽŶƵŝůĚŝŶŐ
Z^&,ͬYůĚŐ͘džƚ͘ZŝLJĂĚŚ
>ƵůƵ^ŚŽƉƉŝŶŐĞŶƚĞƌ
^ĂƵĚŝƌĂŵĐŽD^KtĂƌĞ,ŽƵƐĞ
^ĂƵĚŝƌĂŵĐŽD^Kt,&ĂĐŝůŝƚLJ
^'^ĐŚŽŽůdLJƉĞϭ
dLJƉĞϭϭͬϯϬ^ĐŚŽŽů
dLJƉĞϭϭͬϯϬ^ĐŚŽŽů
dLJƉĞϭϭͬϯϬ^ĐŚŽŽů
dLJƉĞϭϭͬϯϬ^ĐŚŽŽů
dLJƉĞϭϭͬϯϬ^ĐŚŽŽů
dLJƉĞϭϭͬϯϬ^ĐŚŽŽů
dLJƉĞϭϭͬϯϬ^ĐŚŽŽů
dLJƉĞϭϭͬϯϬ^ĐŚŽŽů
dLJƉĞϭϭͬϯϬ^ĐŚŽŽů
dLJƉĞϭϭͬϯϬ^ĐŚŽŽů
dLJƉĞϭϭͬϯϬ^ĐŚŽŽů
dLJƉĞϭϭͬϯϬ^ĐŚŽŽů
dLJƉĞϭϭͬϯϬ^ĐŚŽŽů
dLJƉĞϭϭͬϯϬ^ĐŚŽŽů
dLJƉĞϭϭͬϯϬ^ĐŚŽŽů
dLJƉĞϭϭͬϯϬ^ĐŚŽŽů
dLJƉĞϭϭͬϯϬ^ĐŚŽŽů
dLJƉĞϭϭͬϯϬ^ĐŚŽŽů
ŝŶ^ĂŝĚsŝůůĂ
dLJƉĞϭϭͬϯϬ^ĐŚŽŽů
dLJƉĞϭϭͬϯϬ^ĐŚŽŽů
dLJƉĞϭϭͬϯϬ^ĐŚŽŽů
dLJƉĞϭϭͬϯϬ^ĐŚŽŽů
dLJƉĞϭϭͬϯϬ^ĐŚŽŽů
dLJƉĞϭϭͬϯϬ^ĐŚŽŽů
dLJƉĞϭϭͬϯϬ^ĐŚŽŽů
dLJƉĞϭϭͬϯϬ^ĐŚŽŽů;DŽĚŝĨŝĞĚͿ
dLJƉĞϭϭͬϯϬ^ĐŚŽŽůZŽŽĨϭ
DKdLJƉĞϭϭͬϯϬ^ĐŚŽŽů
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,ĞƌďĂůDĞĚŝĐŝŶĞĞŶƚƌĞ
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h
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ƌĞĂ;ŵϸͿ
ϭ͕ϮϭϮ
ϭ͕ϮϬϵ
ϭ͕ϮϬϬ
ϭ͕ϮϬϬ
ϭ͕ϮϬϬ
ϭ͕ϭϵϲ
ϭ͕ϭϴϴ
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ϭ͕ϭϴϴ
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ϭ͕ϭϴϴ
ϭ͕ϭϴϴ
ϭ͕ϭϴϬ
ϭ͕ϭϲϰ
ϭ͕ϭϱϲ
ϭ͕ϭϱϮ
ϭ͕ϭϰϬ
ϭ͕ϭϯϮ
ϭ͕ϭϯϬ
ϭ͕ϭϮϱ
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KĐƚ͘Ϭϱ
&Ğď͘ΖϬϬ
ĞĐ͘Ζϵϰ
DĂƌ͘Ζϵϵ
:Ƶů͘Ζϵϵ
DĂLJΖϵϱ
DĂLJΖϵϱ
DĂLJΖϵϱ
DĂLJΖϵϱ
:ƵŶΖϵϱ
:ƵŶΖϵϱ
:ƵŶΖϵϱ
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:ƵůLJΖϵϱ
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^ĞƉƚ͘Ζϵϱ
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KĐƚ͘Ζϵϱ
KĐƚ͘Ζϵϱ
KĐƚ͘Ζϵϱ
EŽǀ͘Ζϵϱ
EŽǀ͘Ζϵϱ
&Ğď͘Ζϵϲ
&Ğď͘Ζϵϲ
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^ĞƉ͘Ζϵϲ
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:ƵůLJΖϵϳ
KĐƚ͘Ζϵϳ
^ĞƉƚ͘Ζϵϴ
EŽǀ͘Ζϵϴ
ƵŐ͘ΖϬϭ
DĂƌϬϲ
:ƵŶ͘Ζϵϵ
:ƵŶ͘ΖϬϬ
ƵŐ͘Ζϵϱ
&Ğď͘ΖϬϬ
KĐƚ͘ΖϬϬ
WƌŽũĞĐƚƐdžĞĐƵƚĞĚ
WƌŽũĞĐƚEĂŵĞ
ů,ĂLJĂƚDĂůů͘ƌĞĂͲϮ͘;ϭͿ
ů,ĂLJĂƚDĂůů͘ƌĞĂͲϮ͘;ϮͿ
^ĂƵĚŝƌĂŵĐŽZŝLJĂĚŚZĞĨŝŶĞƌLJ
ŝƐĂďůĞĚŚŝůĚƌĞĚŶĞŶƚƌĞ͕:ĞĚĚĂŚ
ĂƌƐĂůĂŵ^ĐŚŽŽů;ϮĂƌĞĂͿ
^'^ĐŚŽŽůdLJƉĞ
ĚĚŝƐďĂďĂ/ŶƚΖůŝƌƉŽƌƚƚŚŝŽƉŝĂ
^ĂƵĚŝĂƌĂŵĐŽĞƌŝ'ĂƐ^ƚĂƚŝŽŶ
^ĂƵĚŝƌĂŵĐŽEĞǁ^ĞĐƵƌŝƚLJ'ĂƚĞ,ƐĞ
ůĂLJĂĚŚ^ĞŶƚƌĞ
Dƌ͘^ƵůĂŝŵĂŶůDƵŚĂŝĚŝĚsŝůůĂ
^ĂƵĚŝƌĂŵĐŽ>ĂƌŐĞ
^ĂƵĚŝƌĂŵĐŽ>ĂƌŐĞ
^ĂƵĚŝƌĂŵĐŽ^&^ŚĂĚĞĨŽƌZŽĂĚ
^ĂĂĚŽŵƉŽƵŶĚŽŶĨĞƌĞŶĐĞĞŶƚƌĞ
ůtĂŚĂ^ŚŽƉƉŝŶŐĞŶƚĞƌ
ŵŝƌŝ&&^ŚĂĚĞdϭ͕h
dLJƉĞϱ^ĐŚŽŽůͲϱKĨĨ
dLJƉĞϱ'ŝƌůƐ^ĐŚŽŽůϱKĨĨ
dLJƉĞϱ'ŝƌůƐ^ĐŚŽŽůϱKĨĨ
dLJƉĞϯͬϮϮŽLJƐ^ĐŚŽŽů
^ĂƵĚŝƌĂŵĐŽ'ĂƚĞηϮϬ
^ĂƵĚŝƌĂŵĐŽ'ĂƚĞηϮϬ
^^ĞĐƵƌŝƚLJ'ĂƚĞYĂƐƐŝŵ
ϭϱ^'^ĐŚŽŽůdLJƉĞͲ
^ĂƵĚŝƌĂŵĐŽ^ŚĞůůZĞĨŝŶĞƌLJŽ
^ĂŚLJĂ^ƵƉĞƌDĂƌŬĞƚ
^ůDƵŶŝƌĂŚ'ĂƚĞ
^WƌŽĚƵĐŝŶŐŽŵƉůĞdž
ů<ŚĂůĞĞũ^ƉŽƌƚƐůƵď
ůŶĚĂůƵƐ^ĐŚŽŽů͕:ĞĚĚĂŚ
ĂLJĂŶŝDŽƚŽƌ^ŚŽǁƌŽŽŵ;DϭнDϱͿ
ĂLJĂŶŝDŽƚŽƌ^ŚŽǁƌŽŽŵ;DϭнDϱͿ
tĞĚĚŝŶŐ,ĂůůdƵƌĂŝĨ
ƵƚŽƵĐƚŝŽŶzĂƌĚZŝLJĂĚŚ
DŝƐŚĂůKĂƐŝƐZĞĐĞƉƚŝŽŶ
'LJŵŶĂƐŝƵŵ
ƌ͘^ƵůĂŝŵĂŶ&ĂŬĞĞŚ,ŽƐƉŝƚĂů
ƌĂŵĐŽZĂƐƚĂŶƵƌĂ'ĂƚĞϭϴ
ůŶĚƵůƵƐ^ĐŚŽŽů͕:ĞĚĚĂŚ
^ŚĞŝŬŚ,ĂŝĨZĞƐŝĚĞŶĐĞsŝůůĂ
ůzĂŵĂŵĂŚWǀƚ^ĐŚŽŽů
>ŽĐĂƚŝŽŶ
^ĂƵĚŝƌĂďŝĂ
^ĂƵĚŝƌĂďŝĂ
^ĂƵĚŝƌĂďŝĂ
^ĂƵĚŝƌĂďŝĂ
^ĂƵĚŝƌĂďŝĂ
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ƚŚŝŽƉŝĂ
^ĂƵĚŝƌĂďŝĂ
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ƌĞĂ;ŵϸͿ
ϭ͕ϭϮϱ
ϭ͕ϭϮϱ
ϭ͕ϭϮϬ
ϭ͕ϭϭϵ
ϭ͕ϭϬϬ
ϭ͕ϬϵϮ
ϭ͕Ϭϴϭ
ϭ͕ϬϴϬ
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ϭ͕ϬϳϮ
ϭ͕Ϭϳϭ
ϭ͕Ϭϳϭ
ϭ͕ϬϳϬ
ϭ͕Ϭϲϵ
ϭ͕Ϭϱϯ
ϭ͕ϬϱϬ
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ϭ͕ϬϬϭ
ϭ͕ϬϬϬ
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ϵϴϴ
ϵϴϴ
ϵϴϴ
ϵϴϴ
ϵϴϳ
ϵϳϵ
ϵϳϳ
ϵϲϴ
ϵϱϵ
ϵϱϮ
ϵϰϳ
ϵϰϱ
ϵϰϮ
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:ĂŶ͘Ϭϲ
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:ƵůLJΖϬϭ
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ƵŐ͘Ζϵϲ
DĂƌ͘Ζϵϴ
DĂƌ͘Ζϵϴ
EŽǀ͘Ζϵϴ
:ĂŶ͘ΖϬϬ
ϭϵϵϰ
ĞĐ͘Ζϵϱ
EŽǀ͘Ζϵϰ
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:ĂŶͬ͘&ĞďΖϵϱ
:ĂŶͬ͘&ĞďΖϵϱ
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KĐƚ͘Ζϵϳ
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KĐƚ͘Ζϵϰ
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&ĞďΖϬϰ
WƌŽũĞĐƚƐdžĞĐƵƚĞĚ
WƌŽũĞĐƚEĂŵĞ
&ůĂƚĞ^ŚĂĚĞ
&ůĂƚ^ŚĂĚĞ
&ůĂƚ^ŚĂĚĞ
&ůĂƚ^ŚĂĚĞ
&ůĂƚ^ŚĂĚĞ
&ůĂƚ^ŚĂĚĞ
&ůĂƚ^ŚĂĚĞ
&ůĂƚ^ŚĂĚĞ
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&ůĂƚ^ŚĂĚĞ
&ůĂƚ^ŚĂĚĞ
&ůĂƚĞ^ŚĂĚĞ
&ůĂƚ^ŚĂĚĞ
dLJƉĞDϭ^ŚĂĚĞ
dLJƉĞDϭ^ŚĂĚĞ
dLJƉĞDϭ^ŚĂĚĞ
dLJƉĞDϭ^ŚĂĚĞ
dLJƉĞDϭ^ŚĂĚĞ
dLJƉĞDϭ^ŚĂĚĞ
dLJƉĞDϭ^ŚĂĚĞ
dLJƉĞDϭ^ŚĂĚĞ
dLJƉĞDϭ^ŚĂĚĞ
dLJƉĞDϭ^ŚĂĚĞ
dLJƉĞDϭ^ŚĂĚĞ
dLJƉĞDϭ^ŚĂĚĞ
dLJƉĞDϭ^ŚĂĚĞ
dLJƉĞDϭ^ŚĂĚĞ
dLJƉĞDϭ^ŚĂĚĞ
dLJƉĞDϭ^ŚĂĚĞ
dLJƉĞDϭ^ŚĂĚĞ
dLJƉĞDϭ^ŚĂĚĞ
dLJƉĞDϭ^ŚĂĚĞ
dLJƉĞDϭ^ŚĂĚĞ
dLJƉĞDϭ^ŚĂĚĞ
dLJƉĞDϭ^ŚĂĚĞ
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dLJƉĞDϭ^ŚĂĚĞ
dLJƉĞDϭ^ŚĂĚĞ
dLJƉĞDϭ^ŚĂĚĞ
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>ŽĐĂƚŝŽŶ
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