!"#$%&'()$*+,-.#,,$/.)$01#2+3-4#$5&/2"$6+77-3$899-2-/($ 6:#/;#'$/.)$</.#(-,3$=-.#>+:$
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• • • • • • •
X33'/23$7&'#$2&/2"-.A$2(-#.3,$/.)$2(&,#$7&'#$?+,-.#,,$ `+-2;(B$-)#.3-9B$3"#$7&,3$:'#,,-.A$2(-#.3$.##),$ Y&2+,$B&+'$3/(#.3,$E"#'#$B&+$7/;#$/$)-99#'#.2#$ 5&.2#.3'/3#$&.$B&+'$7&,3$4/(+/?(#$3/,;,$ 6#3$3"#$,3/A#$9&'$2&.3-.+&+,$'#9#''/(,$ T/;#$B&+',#(9$4/(+/?(#K$3"#.$-.)-,:#.,/?(#$ *#2&7#$/.$-''#:(/2#/?(#$/,,#3$3&$B&+'$2(-#.3,$
<(#/,#$.&3#$3"/3$/(($,:#/;#',$/.)$:/.#(-,3,$/'#$,+?@#23$3&$2"/.A#$/3$/.B$A-4#.$7&7#.3$-.$3"#$(#/)$+:$3&$ 3"#$%&'()$*+,-.#,,$/.)$01#2+3-4#$5&/2"$6+77-3C$$
!"#$%&'()$*+,-.#,,$/.)$01#2+3-4#$5&/2"$6+77-3$899-2-/($ 6:#/;#'$/.)$</.#(-,3$=-.#>+:$
!='+3#0,>%?'*%&$#+90'*+8%=#+,>$1( !%+0$%''(*1'20!".$$ ['C$T/',"/(($a&(),7-3"$-,$/$E&'()$/+3"&'-3B$-.$"#(:-.A$,+22#,,9+($ (#/)#',$/2"-#4#$:&,-3-4#K$(/,3-.A$2"/.A#$-.$?#"/4-&'P$9&'$3"#7,#(4#,K$ 3"#-'$:#&:(#$/.)$3"#-'$3#/7,C$$D.$3"-,$"-A"(B$-.3#'/23-4#$,#,,-&.K$['C$ a&(),7-3"$E-(($)-,2+,,$3"#$+.-b+#$2"/((#.A#,$-.$"#(:-.A$,+22#,,9+($ (#/)#',$2"/.A#C$$</'3-2-:/.3,$E-(($(#/'.$3&$+,#$9##)9&'E/')K$/$:&,-3-4#$ 9&2+,#)$:'&2#,,$9&'$)#4#(&:7#.3$3"/3$"/,$?##.$,+22#,,9+($ -7:(#7#.3#)$E-3"$(#/)#',$/'&+.)$3"#$E&'()C$$T/',"/(($E-(($,"/'#$"-,$:'&4#.$:'&2#,,$9&'$ (#/)#',"-:$)#4#(&:7#.3$3"/3$-,$?/2;#)$?B$'#,#/'2"$-.4&(4-.A$&4#'$\cKJJJ$:/'3-2-:/.3,$9'&7$ #-A"3$7/@&'$2&7:/.-#,C$$!"#$:+?(-2/3-&.$&9$3"-,$'#,#/'2"K$d=#/)#',"-:$D,$/$5&.3/23$6:&'3F$E/,$ '#2#.3(B$'#2&A.-e#)$/,$&.#$&9$3"#$.-.#$7&,3>&+3,3/.)-.A$/'3-2(#,$#4#'B$:+?(-,"#)$-.$3"#$ @&+'./(K$63'/3#AB$f$*+,-.#,,C$$Y-./((BK$:/'3-2-:/.3,$E-(($(#/'.$3"#$#,,#.2#$&9$T/',"/((F,$ ?#"/4-&'/($2&/2"-.A$:'&2#,,$/.)$+.)#',3/.)$E"#.$3"-,$:'&2#,,$E-(($/.)$E-(($.&3$E&';$E-3"$ 3"#-'$-.3#'./($&'$#13#'./($2(-#.3,C$ $ g.)#',3/.)$3"#$+.-b+#$2"/((#.A#,$9/2#)$?B$,+22#,,9+($(#/)#',$/.)$"&E$3&$+,#$dE"/3$3&$,3&:F$ -.$?#"/4-&'/($2&/2"-.AC$ $ • ].&E$"&E$3&$:'/23-2#$9##)9&'E/')C$ • =#/'.$/$E#((>)&2+7#.3#)$:'&2#,,$3"/3$(#/)#',$2/.$+,#$3&$)#4#(&:$3"#7,#(4#,C$ • *#$'#/)B$3&$/::(B$/$:'&4#.$2&/2"-.A$7#3"&)&(&AB$3"/3$2/.$"#(:$,+22#,,9+($(#/)#',$ /2"-#4#$:&,-3-4#K$(/,3-.A$2"/.A#$-.$?#"/4-&'C$ $ $ $
$ $ $ $ $ $ $ $ !
<(#/,#$.&3#$3"/3$/(($,:#/;#',$/.)$:/.#(-,3,$/'#$,+?@#23$3&$2"/.A#$/3$/.B$A-4#.$7&7#.3$-.$3"#$(#/)$+:$3&$ 3"#$%&'()$*+,-.#,,$/.)$01#2+3-4#$5&/2"$6+77-3C$$
!"#$%&'()$*+,-.#,,$/.)$01#2+3-4#$5&/2"$6+77-3$899-2-/($ 6:#/;#'$/.)$</.#(-,3$=-.#>+:$
% % !&''(%<'.*/$8?%@'80-A%"#$%B+/;$/;)%C+/0$/;%+,-%D'/;%E$80+78$%F+G%;'%H$;% D'*$%=80$,;/I!% ! !"#$%&'(31+.( ( *#,-)#,$A#33-.A$?&&;#)$,&(-)$/.)$?#-.A$)#(-'-&+,(B$"/::Bh$/.)$ 9##(-.A$(-;#$/$,+:#',3/'$-.$3"#$,#'4-2#$&9$&3"#',h$/.)$'#4#(-.A$-.$ B&+'$/22&7:(-,"7#.3,h$/.)$#.@&B-.A$7&'#$9'##$3-7#h$/.)$ 9##(-.A$/.$&4#'E"#(7-.A$,#.,#$&9$:#/2#h$/.)$(&4-.A$/$E"&(#> E"&(#$*gV5Niii$*#,-)#,$/(($3"/3h$E"/3$B&+$'#/((B$E/.3$-,$3&$?#$ ?&&;#)$,&(-)jUDaN!$V8%i$ $ ^&+$E/.3$/$:'&4#.$,B,3#7$9&'$A#33-.A$/,$7/.B$2(-#.3,$/'#$B&+'$"#/'3$)#,-'#,C$X.)K$T-2"/#($ E-(($?#$?'-.A-.A$-3$3&$B&+C$ 6066D8V$!X]0>X%X^6_$k&-.$T-2"/#($<&'3K$V^$!-7#,$*#,3,#((-.A$/+3"&'$&9$L$?&&;,$-.2(+)-.A$ 3"#$7#A/>?#,3,#((-.A$*&&;$^&+',#(9$6&(-)$/,$"#$,"&E,$B&+$-.$@+,3$cJ>7-.+3#,: $ • • • •
!
•
%"B$7&,3$7/';#3-.A$9&'$3"#$,#'4-2#$:'&9#,,-&./($)&#,.F3$E&';$l$E"/3$3&$)&$/?&+3$-3C$ N&E$3&$A#3$"-'#)$?B$&.(B$3"#$7&,3$-)#/($2(-#.3,$,&$B&+$9/(($-.$(&4#$E-3"$7/';#3-.A$/.)$ ,#((-.AC$ !"#$&.(B$Z$3"-.A,$B&+$.##)$3&$)#4#(&:$B&+'$:#',&./($?'/.)$,&$B&+$)#2-)#$"&E$B&+F'#$ ;.&E.C$ N&E$3&$3/(;$/?&+3$E"/3$B&+$)&$E-3"&+3$,&+.)-.A$2&.9+,-.A$&'$?(/.)$m$/.)$E-3"&+3$ +,-.A$/.$#(#4/3&'$,:##2"C$ X.)$7+2"K$7+2"$7&'#C$
!='+3#0,>%J0>#%:3#0$9$*/%;'%&$%H*$+;%K$+-$*/1$ ($ !%+#"%(+&/-1'20$ M3"$<'#,-)#.3K$D.3#'./3-&./($5&/2"-.A$Y#)#'/3-&.$nD5Yo% T/,3#'$5#'3-9-#)$5&/2"$ $ 893#.$3"#$p?#,3$/.)$?'-A"3#,3p$#7:(&B##,$,3'+AA(#$?#-.A$(#/)#',$3"/3$ &3"#',$E-(($9&((&EC$6&7#3-7#,$3"#B$.##)$.#E$,;-((,C$T&'#$&93#.K$3"#B$ .##)$/$.#E$7-.)>,#3C$5&/2"-.A$-,$/$A'#/3$E/B$3&$"#(:$3&:$3/(#.3$/,$3"#B$ (#/'.$"&E$3&$-.,:-'#$&3"#',$3&$/2"-#4#$#13'/&')-./'B$'#,+(3,C$n2&.3F)o$ $ 6066D8V$!X]0>X%X^6_$*B$/33#.)-.A$3"-,$,#,,-&.K$B&+$E-(($(#/'.P$ • •
%"/3$"-A">/2"-#4#',$E/.3$3&$"#/'$E"#.$3"#B$-.3#'4-#E$/.$#1#2+3-4#$2&/2"$ !"#$M$9/23&',$3"/3$)'-4#$:#&:(#$3&$?#$"-A">/2"-#4#',$?+3$/(,&$,3+.3$3"#-'$A'&E3"$/,$ (#/)#',C$
<(#/,#$.&3#$3"/3$/(($,:#/;#',$/.)$:/.#(-,3,$/'#$,+?@#23$3&$2"/.A#$/3$/.B$A-4#.$7&7#.3$-.$3"#$(#/)$+:$3&$ 3"#$%&'()$*+,-.#,,$/.)$01#2+3-4#$5&/2"$6+77-3C$$
!"#$%&'()$*+,-.#,,$/.)$01#2+3-4#$5&/2"$6+77-3$899-2-/($ 6:#/;#'$/.)$</.#(-,3$=-.#>+:$
• •
N&E$3&$,"-93$3"#$p,#(4#,$2&.2#:3p$&9$B&+'$2(-#.3$3&$#.'-2"$3"#$-7:/23$&9$3"#-'$ 2&77+.-2/3-&.,$/.)$-7:'&4#$3"#-'$'#(/3-&.,"-:,C$ 01#'2-,#,$/.)$2&/2"-.A$b+#,3-&.,$,:#2-9-2$3&$3"#$)#4#(&:7#.3$&9$3&:$3/(#.3$ #7:(&B##,C$
!='+3#0,>%>8'7+8%;'6%;$+4/1%
% 4%.$&+"-&(.5'3%( 5&>Y&+.)#'K$%-,)&7$\$=3)$ 508K$X,,&2-/3-&.$9&'$5&/2"-.A$ $$( a(&?/($(#/)#',$3&)/B$/'#$9/2-.A$+.:'#2#)#.3#)$2"/((#.A#,K$E-3"$#4#.$ "-A"#'$#1:#23/3-&.,$&.$3"#$3&:$3#/7C$!"#'#$-,$7&'#$,2'+3-.BK$E-3"$ A'#/3#'$#3"-2/($/.)$,&2-/($'#,:&.,-?-(-3BK$2'#/3-.A$/$.##)$9&'$7&'#$,#(9> /E/'#$/.)$2&7:#3#.3$(#/)#',$E"&$2/.$E&';$3&A#3"#'$#99#23-4#(BC$!&$:+3$3"#$.##),$&9$3"#$ ?+,-.#,,$/.)$,"/'#"&()#',$9-',3K$E"-(#$#b+/((B$?#-.A$/?(#$3&$:#'9&'7$E#(($E-3"-.$7+(3-> 2+(3+'/(K$4-'3+/($3#/7,$,:'#/)$/2'&,,$3"#$A(&?#C$D.$3"-,$,#,,-&.K$]/3"#'-.#$E-(($,"/'#$,+22#,,$ 9/23&',$/.)$$3#2".-b+#,K$$)'/E-.A$+:&.$"#'$'#2#.3$2"/:3#'K$Q5&/2"-.A$a(&?/($!&:$!#/7,S$-.$ =#/)#',"-:$-.$5&/2"-.AK$$/,$E#(($/,$,"/'-.A$/$.+7?#'$&9$:'/23-2/($#1/7:(#,$9'&7$"#'$ #1:#'-#.2#,$&9$2&/2"-.A$A(&?/($3&:$3#/7,K$-.$:'/23-2#C$$$ $$ !"#$3/(;$E-(($-.2(+)#_$ $$ q$$$$$$$$$%"/3$-,$)-99#'#.3$/?&+3$3#/7,$/3$3"#$3&:O$ q$$$$$$$$$]#B$,+22#,,$9/23&'$9&'$A#33-.A$#(-3#$:#'9&'7/.2#$-.$3&:$3#/7,$ q$$$$$$$$$!B:-2/($-.3#'4#.3-&.,$E"#.$2&/2"-.A$A(&?/($3&:$3#/7,$ q$$$$$$$$$!&&(,$l$3#2".-b+#,$9&'$2&/2"-.A$/3$3"#$3&:$ q$$$$$$$$$T/;-.A$-3$(/,3$m$A#33-.A$,+,3/-./?(#$'#,+(3,$ $$ 6066D8V$!X]0>X%X^6_$ $$ • X$A'#/3#'$+.)#',3/.)-.A$&9$E"/3$"-A"$:#'9&'7-.A$A(&?/($3&:$3#/7,$(&&;$(-;#$m$ b+/(-3-#,K$2"/'/23#'-,3-2,K$#./?(#',C$ • D)#.3-9B-.A$E"/3$A(&?/($(#/)#',$)&r)&.F3$E/.3$9'&7$3"#-'$!#/7$5&/2"$/.)$ :'&A'/77#C$$$!"#$9-.)-.A,$7/B$,+':'-,#$,&7#i$ • !"#$2"/((#.A#,$&9$2&/2"-.A$7+(3->2+(3+'/($/.)$4-'3+/($3#/7,K$E-3"$/$,"/'#)$ 9'/7#E&';$&.$E"/3$E&';,$/.)$E"#'#$3&$,3/'3C$ • !B:-2/($!&:$!#/7$5&/2"-.A$)&7/-.,$3"/3$/'#$-.$)#7/.)$9&'$2&/2"-.A$A(&?/($(#/)#',K$ E-3"$,+AA#,3#)$3&&(,$/.)$3#2".-b+#,$9&'$2&/2"-.A$-.$3"#,#C$ • ]#B$,+22#,,$9/23&',$9&'$2&/2"-.A$7+(3->2+(3+'/($3#/7,$3&$#(-3#$:#'9&'7/.2#$m$/.)$ E"/3$,;-((,$5&/2"#,$.##)$3&$)#4#(&:$9+'3"#'C$ $
<(#/,#$.&3#$3"/3$/(($,:#/;#',$/.)$:/.#(-,3,$/'#$,+?@#23$3&$2"/.A#$/3$/.B$A-4#.$7&7#.3$-.$3"#$(#/)$+:$3&$ 3"#$%&'()$*+,-.#,,$/.)$01#2+3-4#$5&/2"$6+77-3C$$
!"#$%&'()$*+,-.#,,$/.)$01#2+3-4#$5&/2"$6+77-3$899-2-/($ 6:#/;#'$/.)$</.#(-,3$=-.#>+:$
% !K$+-%H$,$*+;0',%@;*+;$>0$/%?'*%&./0,$//%+,-%CL$3.;09$%='+3#$/%M/0,>% @'30+8%D$-0+1% ,&-(#+16.($ <'#,-)#.3$K$%&'()$*+,-.#,,$/.)$01#2+3-4#$5&/2"$6+77-3$n%*056o$ 8E.#'K$T&)#'.$T#3"&),$T/';#3-.A$ $ D.$3"-,$4/(+#>-.3#.,#$s>"&+'$:'#,#.3/3-&.$E&'()>(#/)-.A$?+,-.#,,$/.)$ #1#2+3-4#$2&/2"$7/';#3-.A$,:#2-/(-,3$*#.$5'&93$E-(($+.2&4#'$"-,$:'&4#.$ c>,3/A#$,3'/3#AB$9&'$A#.#'/3-.A$(&E$2&,3K$"-A"$b+/(-3B$2&/2"-.A$(#/),$9&'$ *+,-.#,,$/.)$01#2+3-4#$5&/2"#,$+,-.A$,&2-/($7#)-/C$^&+F(($(#/'.$ ,3'/3#A-#,$/.)$3/23-2,$3"/3$2/.$?#$-7:(#7#.3#)$-77#)-/3#(B$-.3&$B&+'$?+,-.#,,$,&$3"/3$B&+$ 2/.$-.,3/.3(B$?#A-.$#3"-2/((B$7/';#3-.A$B&+'$?+,-.#,,$/.)$A#.#'/3-.A$b+/(-3B$2&/2"-.A$,/(#,$ (#/),C$! *#.F,$,B,3#7$"/,$?##.$3/+A"3$3&$3"&+,/.),$&9$*+,-.#,,$5&/2"#,$/2'&,,$3"#$E&'()$/.)$-,$ 2&.,-)#'#)$?B$7/.B$/,$3"#$,3/.)/')$9&'$"&E$*+,-.#,,$/.)$01#2+3-4#$5&/2"#,$2/.$+,#$,&2-/($ 7#)-/$3&$,+22#,,9+((B$A'&E$3"#-'$?+,-.#,,C$$ $ 6066D8V$!X]0>X%X^6_$ • • • •
N&E$3&$(&2/3#$508,K$*+,-.#,,$8E.#',K$T/./A-.A$[-'#23&',K$NU$[-'#23&',$/.)$&3"#'$ "-A"(B$3/'A#3#)$:'&,:#23,$+,-.A$,&2-/($7#)-/$ N&E$3&$?+-()$'#(/3-&.,"-:,$E-3"$3"#,#$:'&,:#23-4#$2(-#.3,$/3$.&$2&,3$/.)$E-3"$/$4#'B$ (-7-3#)$3-7#$'#b+-'#7#.3$ N&E$3&$.+'3+'#$3"#$'#(/3-&.,"-:,$,&$B&+$?#A-.$3&$'#2#-4#$-.b+-'-#,$9'&7$3"#,#$ 3/'A#3#)$:'&,:#23,$ N&E$3&$3"#.$2&.4#'3$"-A">4/(+#$-.3#'#,3#)$2&.3/23,$-.3&$)#9-.#)$(#/),$,&$3"/3$B&+$2/.$ 2&.4#'3$3"#7$-.3&$2(-#.3,$E-3"$B&+'$,/(#,$:'&2#,,#,C$
%!J'N%='*6'*+;0',/%@'.*3$%+,-%@3*$$,%CL$3.;09$%='+3#$/A%F+*%@;'*0$/% ?*'4%;#$%"*$,3#$/1% $
,+"%-(5-2&+$"''( Y&+.)#'K$5&/2"6&+'2#$ $ *'-/.$8C$g.)#'"-((K$<"C[C$-,$3"#$9&+.)#'$&9$3"#$-.3#'./3-&./($2&/2"-.A$ &'A/.-e/3-&.$5&/2"6&+'2#C$$N#$"/,$,:#.3$GZ$B#/',$,2'##.-.A$#1#2+3-4#$ 2&/2"#,$E&'()E-)#$/.)$"/,$3"#$,2/',$3&$:'&4#$-3i$$N#/'$3"#$p?#"-.)$3"#$ ,2#.#,p$,3&'-#,$9'&7$?+-()-.A$/$:&&($&9$&4#'$\JJ$2&/2"#,$-.$LZ$2&+.3'-#,$ 3&$,#'4#$7+(3->./3-&./($2&':&'/3-&.,t$#1#2+3-4#$2&/2"-.A$'#b+#,3,C$$ *'-/.$"/,$:#',&./((B$3'/4#(#)$3&$/(($2&.3-.#.3,$7##3-.A$&4#'$LJJ$&9$ 3"#,#$2&/2"#,$:#',&./((BK$-.$?+-()-.A$/.)$7/./A-.A$2&/2"-.A$:&&(,$9&'$E&'()E-)#$?'/.),$ ,+2"$/,$[#((K$T-2'&,&93$/.)$X7#'-2/.$01:'#,,C$$ $ <(#/,#$.&3#$3"/3$/(($,:#/;#',$/.)$:/.#(-,3,$/'#$,+?@#23$3&$2"/.A#$/3$/.B$A-4#.$7&7#.3$-.$3"#$(#/)$+:$3&$ 3"#$%&'()$*+,-.#,,$/.)$01#2+3-4#$5&/2"$6+77-3C$$
!"#$%&'()$*+,-.#,,$/.)$01#2+3-4#$5&/2"$6+77-3$899-2-/($ 6:#/;#'$/.)$</.#(-,3$=-.#>+:$
$ $ 6066D8V$!X]0>X%X^6_$ $ • =#/'.$E"/3$2&':&'/3-&.,$/.)$#1#2+3-4#,$(&&;$9&'$-.$2&/2"#,K$/.)$E"#'#$3"#B$/'#$ A&-.A$3&$9-.)$3"#7C$$$ • =#/'.$"&E$3&$?+-()$B&+'$&'A/.-e/3-&.t,$:&&($&9$#1#2+3-4#$2&/2"#,$-.3&$3"#$?#,3$ /4/-(/?(#C$$$ • =#/'.$"&E$3&$)-,3-.A+-,"$B&+',#(9$/,$/$2&/2"$3&$?#$7&'#$/::#/(-.A$3&$7+(3->./3-&./($ 2&':&'/3#$2&/2"-.A$:'&A'/7,C$ ! !J'N%;'%E$;+0,%O*'?0;+78$%=80$,;/%?'*%<$+*/%0,/;$+-%'?%D',;#/I1! $ 3&.&+(+17&$ [-'#23&'K$<'&9-3+.#! $ [&$B&+$E/.3$3&$-7:'&4#$2(-#.3$'#3#.3-&.O$[&$B&+$"/4#$/$,3'/3#AB$-.$ :(/2#$9&'$3"-,O$D,$-3$&.#$3"/3$-,$?/,#)$&.$#.,+'-.A$3"/3$B&+'$2(-#.3,$ #1:#'-#.2#$m$/.)$'#7/-.$9&2+,#)$&.$>$/$"-A"K$7#/,+'/?(#K$'/3#$&9$ 9-./.2-/($'#3+'.$&.$3"#-'$?+,-.#,,$2&/2"-.A$)&((/'$n#4#.$-9$B&+'$9##$ (#4#(,$'/.;$-.$3"#$3&:$GJu$&9$3"#$2&/2"-.A$:'&9#,,-&.ioC$$$$ $ [+'-.A$3"-,$:'#,#.3/3-&.$B&+$E-(($(#/'.$:'&4#.$,B,3#7,$/.)$:'&2#,,#,$3"/3$.&3$&.(B$ #./?(#$B&+$3&$#.A/A#$2(-#.3,$9&'$"#$!%#&'"$3"#$-.3#'./3-&./($2&/2"-.A$/4#'/A#K$?+3$/(,&$ "/4#$3"&,#$,/7#$2(-#.3,$'#3+'.-.A$9&'$7/-.3#./.2#$E&';K$3'/-.-.A$/.)$&3"#'$4/(+#> /))-.A$,#'4-2#,$E"-(#$:'&4-)-.A$B&+$E-3"$'#9#''/(,$3&$.#E$Q-)#/($2(-#.3,SC$$$ $ 6066D8V$!X]0>X%X^6_$ $ • !&$+.)#',3/.)$/$:'&2#,,$9&'$,#33-.A$2(-#.3,F$#1:#23/3-&.,$/3$"-A"$?+3$/2"-#4/?(#$ (#4#(,_$$ • !&$A/-.$/22#,,$3&$3#7:(/3#,$9&'$2&/2"-.A$/A'##7#.3,$3"/3$:'&3#23$3"#$5&/2"F,$3-7#$ E"-(#$#.,+'-.A$"-A"$(#4#(,$&9$/33#.3-&.K$2/'#$/.)$'#,+(3,$9&'$3"#-'$5(-#.3,_$$ • !&$+.)#',3/.)$/.)$A/-.$/22#,,$3&$,B,3#7,$9&'$7/./A-.A$B&+'$3-7#$)+'-.A$2&/2"-.A$ ,#,,-&.,K$-.$&')#'$3&$9/2-(-3/3#_$$ o 3&3/($9&2+,$&.$3"#$5(-#.3K$$ o #99#23-4#$)-,2+,,-&.$/.)$'#,&(+3-&.$&9$-,,+#,K$$ o /.)$2(#/'$/.)$$9-'7$2&77-37#.3,$3&$/23-&.C$$ • !&$/::'#2-/3#$E"B$3"#$3'/)-3-&./($aU8%$2&/2"-.A$7&)#($-,$,#()&7$#99#23-4#$-.$ ?+,-.#,,$2&/2"-.A_$/.)$E"B$3"#$a8=[$2&/2"-.A$7#3"&)$()*(+"$E&';,C$n2&.3F)oh$ • !&$2&7:'#"#.)$3"#$'#b+-'#7#.3,$&9$,B,3#7,$E"-2"_$$ o ,+::&'3$3"#-'$5(-#.3,F$7/./A#7#.3$&9$3"#$/))-3-&./($E&';$(&/)$3"/3$2&/2"-.A$ '#:'#,#.3,$3&$3"#7_$$ o ,+::&'3$3"#-'$5(-#.3,F$$7/./A#7#.3$&9$3"#-'$3-7#$&+3,-)#$&9$2&/2"-.A$,&$/,$3&$ -7:(#7#.3$2&/2"-.A$&+32&7#,$/.)$:'&)+2#$7#/,+'/?(#$'#,+(3,_$$ o /.)$,+::&'3$/.$#99&'3(#,,$$Q&4#'4-#E$'#A-7#S$3"/3$;##:,$5&/2"#,$&.$3&:$&9$ 3"#-'$5(-#.3,F$-,,+#,$&.$/$)/-(B$?/,-,C$$ <(#/,#$.&3#$3"/3$/(($,:#/;#',$/.)$:/.#(-,3,$/'#$,+?@#23$3&$2"/.A#$/3$/.B$A-4#.$7&7#.3$-.$3"#$(#/)$+:$3&$ 3"#$%&'()$*+,-.#,,$/.)$01#2+3-4#$5&/2"$6+77-3C$$
!"#$%&'()$*+,-.#,,$/.)$01#2+3-4#$5&/2"$6+77-3$899-2-/($ 6:#/;#'$/.)$</.#(-,3$=-.#>+:$
$ •
!&$(#/'.$3"#$-7:&'3/.2#$&9$"/4-.A$/$,B,3#7$3"/3$9'##,$3"#7$9'&7$3"#$3-7#$2&.,+7-.A$ 3/,;,$&93#.$-.4&(4#)$-.$7&4-.A$2(-#.3,$9'&7$7#'#(B$/A'##-.A$3&$2&/2"-.A$ 2&77-37#.3,$3&E/'),$/23-&.$/.)$:&,-3-4#$?+,-.#,,$&+32&7#,C$
$ $
!J'N%;'%./$%C-.3+;0',P&+/$-%D+*($;0,>%;'%/0>,%G'.*%,$L;%Q%#0>#P6+G0,>% 380$,;/%0,%RS%-+G/%'*%8$//%T%N0;#'.;%#G6$%'*%#0>#P6*$//.*$%/$880,>1% % .%4"(!11+&( 8E.#'K$a#3$7&'#$5(-#.3,$ $ D$E/.3$3&$,"&E$:#&:(#$E"B$7/';#3-.A$/$2&/2"-.A$?+,-.#,,$-,$ )-99#'#.3$3&$3'/)-3-&./($7/';#3-.AK$/.)$"&E$3&$+,#$.&>"B:#K$ #)+2/3-&.$?/,#)$7/';#3-.A$2/.$A#3$3"#7$3"#$2(-#.3,$3"#B$.##)$9/,3#'$ 3"/.$+,-.A$&()$,2"&&(K$"B:#B$l$7/.-:+(/3-4#$3#2".-b+#,C$ $ !"#$,#,,-&.$E-(($?#$#13'#7#(B$"-A"$2&.3#.3$4/(+#K$/.)$9+(($&'$'#/(> E&'()$2/,#$,3+)-#,$/.)$2+''#.3$#1/7:(#,C$ $ 6066D8V$!X]0>X%X^6_$D.$3"-,$9/,3$:/2#)$3'/-.-.A$,#,,-&.K$B&+F(($)-,2&4#'CCC$ $ • !"#$vG$'#/,&.$E"B$:#&:(#$)&.F3$'#,:&.)$3&$B&+'$7/';#3-.Aj/.)$"&E$3&$?&&,3$ B&+'$'#,:&.,#$'/3#$?B$s>GJJ$3-7#,$?B$7/;-.A$&.#$,-7:(#$2"/.A#CCC$ • %"B$&()>,2"&&($"B:#$7/';#3-.A$l$"-A"$:'#,,+'#$,#((-.A$/23+/((B$7/;#,$-3$"/')#'$3&$ ,#(($B&+'$2&/2"-.AK$n/.)$"&E$3&$+,#$0)+2/3-&.$*/,#)$T/';#3-.A$3&$A#3$B&+'$L$.#13$ 2(-#.3,$-.$sG$)/B,$&'$(#,,o$CCC$ • Z$'#/($E&'()$7/';#3-.A$2/7:/-A.,$3"/3$"/4#$?&&;#)$/::&-.37#.3,K$9-((#)$,#7-./',K$ /.)$,-A.#)$2(-#.3,$j$B&+$"/4#$!/;-F,$:#'7-,,-&.$3&$(-3#'/((B$d,3#/(F$3"#7$/.)$+,#$ 3"#7$B&+',#(9$3&$,-A.$2(-#.3,CCC$ • %"-2"$2&/2"$7/';#3-.A$,3'/3#A-#,$/23+/((B$E&';K$/.)$E"-2"$&.#,$/'#$A+/'/.3##)$3&$ 9/-($7-,#'/?(BK$2&,3$/$9&'3+.#K$/.)$)/7/A#$B&+'$'#:+3/3-&.$-.$3"#$7/';#3:(/2#C$ • !"#$,-7:(#$Z>,3#:$:'&2#,,$3"/3$A#.#'/3#,$"-A"$b+/(-3B$2&/2"-.A$(#/),$#4#'B$,-.A(#$ E##;K$/.)$2&.,-,3#.3(B$2&.4#'3,$3"#7$-.3&$?-A$3-2;#3$2(-#.3,C$ $
!"#$% U% @;$6/% ;'% +,% C??$3;09$% O*$/$,;+;0',A% J'N% ;'% -$809$*% +% 6*$/$,;+;0',% ;#+;%38'/$/%/+8$/%+,-%>$;/%G'.%380$,;/I1% ( 81%--%(!%+."-( 8E.#'K$6"-93$6:#/;#'$!'/-.-.A$ $ D.$ 3"-,$ 2&.3#.3>'-2"$ 3'/-.-.A$ ['$ k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
!"#$%&'()$*+,-.#,,$/.)$01#2+3-4#$5&/2"$6+77-3$899-2-/($ 6:#/;#'$/.)$</.#(-,3$=-.#>+:$
$ 6066D8V$!X]0>X%X^6_$D.$3"-,$,#,,-&.$k&/../$E-(($'#4#/(P$ $ • !"#$,#2'#3,$&9$:(/39&'7$,#((-.A$E-3"&+3$?#-.A$:+,"BK$7/.-:+(/3-4#$&'$,/(#,>BC$ • N#'$ I>6"-93$ Y&'7+(/$ 9&'$ /.$ 099#23-4#$ <'#,#.3/3-&.$ 3"/3$ B&+$ 2/.$ /::(B$ -77#)-/3#(BK$ '#A/')(#,,$&9$B&+'$:#',&./($,3B(#C$ • N&E$ -.$ "#'$ ,#2&.)$ #4#'$ :'#,#.3/3-&.K$ k&/../$ )&+?(#)$ 3"#$ ,-e#$ &9$ "#'$ 2&/2"-.A$ ?+,-.#,,h$,"#$E-(($A-4#$B&+$"#'$#1/23$'#2-:#$,&$3"/3$B&+$2/.$7&)#($-3$$ • !"#$,#2'#3$?#"-.)$"#'$2(-#.3,F$I>9-A+'#$2&/2"-.A$?+,-.#,,#,K$l$"&E$B&+$2/.$/::(B$3"-,$ -.$B&+'$.-2"#C$ • N&E$3&$?#$B&+',#(9$&.$3"#$:(/39&'7K$l$"/4#$:#&:(#$(-.-.A$+:$3&$)&$?+,-.#,,$E-3"$B&+C$ • $
!V%6*'9$,%N+G/%?'*%3'+3#$/%;'%4+($%4',$G%?*'4%N$70,+*/%0,%+/%80;;8$%+/%WX% -+G/IIII%0,38.-0,>%4$;#'-/%;#+;%N'*(%$9$,%0?%G'.%#+9$%,'%80/;)%,'%6*'-.3;% +,-%G'.%+*$,Y;%+%>''-%/6$+($*1$ $ %-2+&7(+1,&+.0($ 8E.#'K$N&E$!&$%#?-./'$ $ D.$3"-,$4/(+#$:/2;#)$:'#,#.3/3-&.$(#/)$A#.#'/3-&.$,:#2-/(-,3$X.)'#E$ U&?#'3,$E-(($+.2&4#'$3"#$E#?-./'$,#2'#3,$3"/3$/'#$2+''#.3(B$"#(:-.A$ ?+,-.#,,$/.)$#1#2+3-4#$2&/2"#,$7/,,-4#(B$(#4#'/A#$3"#-'$?+,-.#,,$n,/(#,$/.)$ /(,&$-.$3#/2"-.Ao$-.$3&)/BF,$2&7:#3-3-4#$-.)+,3'B$#.4-'&.7#.3C% 6066D8V$!X]0>X%X^6_$ • • • • • • •
M$:'&4#.$,3'/3#A-#,$3"/3$B&+$7+,3$-7:(#7#.3$3&$'+.$#99#23-4#$E#?-./',$3"/3$,#(($ !"#$.+7?#'$&.#$3"-.;$B&+$.##)$3&$)&$3&$A#3$:#&:(#$3&$'#A-,3#'$9&'$B&+'$E#?-./'$ N&E$3&$A#3$7&'#$:#&:(#$3"/.$B&+$2/.$"/.)(#$,"&E-.A$+:$9&'$B&+'$E#?-./'$ =#/'.$"&E$3&$7/;#$LKM$l$#4#.$c$9-A+'#,$9'&7$'+..-.A$@+,3$&.#$E#?-./'$ 5(&.#$B&+',#(9$l$/+3&7/3#$B&+'$E#?-./'$3&$A#.#'/3#$(#/),$l$7/;#$7&.#B$E"-(#$B&+$ ,(##:$ 5#7#.3$B&+'$#1:#'3-,#$l$2/'4#$&+3$/$+.-b+#$,:&3$/,$3"#$'#-A.-.A$/+3"&'-3B$-.$B&+'$ 7/';#3$n2&.3F)oh$ 01:(&)#$B&+'$-.2&7#$E-3"$"-A"$(#4#'/A#$,3'/3#A-#,$/.)$3/23-2,$3"/3$3/;#$9'&7$#/'.-.A$ wGJKJJJ$:#'$7&.3"$3&$wGJJKJJJ$:#'$7&.3"$3&$wGKJJJKJJJ$3"#.$,&$&.$
% % % % % % % <(#/,#$.&3#$3"/3$/(($,:#/;#',$/.)$:/.#(-,3,$/'#$,+?@#23$3&$2"/.A#$/3$/.B$A-4#.$7&7#.3$-.$3"#$(#/)$+:$3&$ 3"#$%&'()$*+,-.#,,$/.)$01#2+3-4#$5&/2"$6+77-3C$$
!"#$%&'()$*+,-.#,,$/.)$01#2+3-4#$5&/2"$6+77-3$899-2-/($ 6:#/;#'$/.)$</.#(-,3$=-.#>+:$
2J'N%;'%Y"*+,/?'*4%<'.*%D+>03Y%Z<'.*%=',;$,;)%5-$+/)%CL$*30/$/%+,-% CL6$*0$,3$[%0,;'%+,%CL30;0,>)%5,3'4$PH$,$*+;0,>%=$*;0?03+;0',%'*%K03$,/0,>% O*'>*+42% ! 4&-2%''(05!!&+$%74$ Y&+.)#'K$D.3#'./3-&./($X,,&2-/3-&.$&9$%&7#.$-.$*+,-.#,,$5&/2"-.A$ nDX%5o T-((-&.$[&((/'$T/';#3-.A$5&/2"$ $ D9$B&+$/'#$/$2&/2"K$"/4#$#1:#'3-,#$/.)$"/4#$2'#/3#)$:'&A'/7,K$:'&)+23,$ /.)$,B,3#7,$3&$+,#$E-3"$B&+'$2(-#.3,$3"#.$B&+$"/4#$/.$&::&'3+.-3B$3&$ 3+'.$3"/3$#1:#'3-,#$-.3&$/$2#'3-9-2/3-&.$:'&A'/7C$5#'3-9B-.A$&3"#',$-.$B&+'$ #1:#'3-,#$/((&E,$B&+$3&$/))$/$(+2'/3-4#$/.)$(&.A>3#'7$,3'#/7$&9$-.2&7#$ 3&$B&+'$?+,-.#,,K$#,3/?(-,"$B&+',#(9$/,$/$(#/)#'$-.$B&+'$9-#()K$/.)$3&+2"$7/.B$7&'#$:#&:(#$ 3"/.$B&+$#4#'$2&+()$&.$B&+'$&E.C$$ $ 6066D8V$!X]0>X%X^6_$ • • • • • • • •
N&E$3&$;.&E$E"#.$-,$3"#$UDaN!$3-7#$3&$3'/.,-3-&.$9'&7$p3"#$8V=^$&.#$E"&$)#(-4#',$ B&+'$#1:#'3-,#p$3&$p3"#$&.#$E"&$3#/2"#,$8!N0U6$3&$)#(-4#'$-3p$$ %"B$3'/-.-.A$&'$2#'3-9B-.A$&3"#',$-,$3"#$:#'9#23$p.#13$,3#:p$-.2&7#$,3'#/7$3&$/))$3&$ B&+'$2&/2"-.A$?+,-.#,,$ %"B$B&+$[8Vt!$.##)$/$?-A$(-,3$3&$(/+.2"$B&+'$9-',3$2#'3-9-2/3-&.$3'/-.-.A$:'&A'/7$ N&E$3&$A#3$:/,3$3"#$pE"&$/7$Dp$,B.)'&7#$/.)$,3/'3$(#33-.A$&3"#',$,"/'#$3"#$A-93$&9$ B&+'$#1:#'3-,#K$E&'()E-)#$ 5'#/3-4#$E/B,$B&+$2/.$A#.#'/3#$&.A&-.A$(-2#.,-.A$'#4#.+#K$,#(($p?/2;$#.)p$:'&)+23,$ /.)$2&/2"-.AK$/(($-.$,#'4-2#$&9$,+::&'3-.A$B&+'$3'/-.##,$ N&E$3&$/4&-)$2&7:#3-.A$E-3"$3"#$:#&:(#$B&+$3'/-.$nB&+t'#$p?-AA#'p$3"/.$3"/3$/.BE/BK$ :(+,K$Dt(($,"&E$B&+$"&E$3&$?#2&7#$3"#$(#/)#'$&3"#',$./3+'/((B$E/.3$3&$9&((&Eo$ !-:,$&.$E"-2"$2&.3#.3$-,$/$Tg6!$3&$-.2(+)#$n/.)$E"-2"$B&+$2/.$,;-:oK$7/;-.A$-3$ 9/,3$/.)$#/,B$3&$,+22#,,9+((B$(/+.2"$B&+'$9-',3$3'/-.-.A$:'&A'/7$ N&E$3&$'#:+':&,#$B&+'$2&.3#.3K$#1#'2-,#,K$/'3-2(#,$/.)$7&'#$-.3&$3'/-.-.A$ 7&)+(#,$B&+'$3'/-.##,$E-(($:/B$3&$(#/'.$/.)$4/(+#$9&'$B#/',$3&$2&7#$
% % % % % % % % % % % <(#/,#$.&3#$3"/3$/(($,:#/;#',$/.)$:/.#(-,3,$/'#$,+?@#23$3&$2"/.A#$/3$/.B$A-4#.$7&7#.3$-.$3"#$(#/)$+:$3&$ 3"#$%&'()$*+,-.#,,$/.)$01#2+3-4#$5&/2"$6+77-3C$$
!"#$%&'()$*+,-.#,,$/.)$01#2+3-4#$5&/2"$6+77-3$899-2-/($ 6:#/;#'$/.)$</.#(-,3$=-.#>+:$
!:3;0',=\:=JP%"#$%F'*8-]/%^%S%&./0,$//%='+3#0,>%B0*41%% % %-3"$/.$-.3'&)+23-&.$9'&7$X23-&.$5&/2"F,$8E.#'$/.)$508$*'/)$6+A/',K$0/'($]#7:#'$/.)$6-$ N/''-,$/'#$A&-.A$3&$,"/'#$E"B$3"#B$?#(-#4#K$3"/3$/,$/$'#,+(3$&9$?#-.A$/$:/'3$&9$3"-,$/7/e-.A$ &'A/.-e/3-&.K$B&+$3&&$2/.$7/;#$/$3'#7#.)&+,$-7:/23$&.$B&+'$?+,-.#,,K$3"#$?+,-.#,,$ 2&77+.-3BK$/.)$B&+'$(-9#C$$D9$B&+$/'#$/$.#E$2&/2"K$/$2&/2"$3"/3$E/.3,$3&$A'&E$#1:&.#.3-/((BK$ &'$B&+'$3"-.;-.A$/?&+3$,3/'3-.A$B&+'$&E.$2&/2"-.A$:'/23-2#K$3"-,$:'#,#.3/3-&.$-,$3"#$7&,3$ 4/(+/?(#$LJ$7-.+3#,$&9$B&+'$(-9#$B&+$E-(($#4#'$-.4#,3C$
% ,+%2(05*%+0( 8E.#'$l$508K$X23-&.58X5N$
( *'/)$6+A/',F$?+,-.#,,$2/'##'$?#A/.$E"#.$"#$E/,$,#4#.$B#/',$&()$/.)$"#$ )#2-)#)$3&$(#/,#$"-,$5"'-,37/,$:'#,#.3,$3&$"-,$?'&3"#',C$X93#'$#/'.-.A$/$ )#A'##$-.$/22&+.3-.A$9'&7$`+##.,(/.)$g.-4#',-3B$-.$*'-,?/.#K$"#$ ?#2/7#$/$Q,#'-/($#.3'#:'#.#+'KS$&E.-.A$&'$'+..-.A$7&'#$3"/.$ZJ$ )-99#'#.3$?+,-.#,,#,K$-.2(+)-.A$/$7/A/e-.#K$/$:-ee/$E"&(#,/(#'K$/.)$/$ E&7#.F,$'#3/-($?&+3-b+#$m$+,-.A$/$,#'-#,$&9$,B,3#7-e#)$3&&(,$3&$A'&E$ ,/(#,$/.)$:'&9-3$-.$#/2"$&.#C$ $ X93#'$3#/2"-.A$"-,$7/';#3-.A$3#2".-b+#,$3&$U&?#'3$]-B&,/;-F,$,3+)#.3,$-.$N/E/--K$*'/)$ )#4#(&:#)$"-,$&E.$,#7-./'$2&7:/.B$/.)$#1:/.)#)$"-,$&.#>&.>&.#$2&/2"-.A$:'/23-2#$3&$ -.2(+)#$4-'3+/((B$#4#'B$-.)+,3'B$/.)$?+,-.#,,$2/3#A&'BC$ $ !"#$'#,+(3$E/,$X23-&.$D.3#'./3-&./(K$&.#$&9$3"#$9-',3$Q?+,-.#,,$2&/2"-.AS2&7:/.-#,$-.$3"#$ E&'()$m$9&2+,#)$#12(+,-4#(B$&.$?+,-.#,,$#)+2/3-&.K$3#/7$?+-()-.A$/.)$:'&9-3$A'&E3"C$ 01:/.,-&.$-.3&$X,-/$:'&7:3#)$*'/)$3&$9'/.2"-,#$X23-&.$D.3#'./3-&./($m$/((&E-.A$3"#$2&7:/.B$ 3&$3/;-.A$/)4/.3/A#$&9$/$.+7?#'$&9$'/:-)$A'&E3"$&::&'3+.-3-#,C$X23-&.$3"#.$?+-(3$/$.#3E&';$ &9$&99-2#,$-.$3"#$g.-3#)$63/3#,K$5/./)/$/.)$0+'&:#C$X93#'$/$'#?'/.)$-.$sJJc$3&$3"#$2+''#.3$ X23-&.58X5N$-)#.3-3BK$3"#$2&7:/.B$/(,&$/))#)$6&+3"$X9'-2/$3&$-3,$(-,3$&9$A(&?/($9'/.2"-,#$ &99-2#,C$$ $ !&)/BK$$X23-&.58X5N$-,$'/.;#)$/,$3"#$E&'()F,$(#/)-.A$-.3#'./3-&./($?+,-.#,,$2&/2"-.A$ 9'/.2"-,#K$E-3"$7&'#$3"/.$GKJJJ$&99-2#,$-.$Zs$2&+.3'-#,C$ $ X$?#,3>,#((-.A$/+3"&'$&9$GL$"-A"(B$/22(/-7#)$?+,-.#,,$?&&;,$m$-.2(+)-.A$9&+'$-.3#'./3-&./($ ?#,3>,#((#',$m$*'/)$"/,$3/+A"3$.#/'(B$/$"/(9>7-((-&.$:#&:(#$E&'()E-)#$"&E$3&$2'#/3#$?+,-.#,,K$ '#/($#,3/3#$/.)$9-./.2-/($,+22#,,C$N#$2+''#.3(B$'#,-)#,$-.$=/,$W#A/,C$ $
$ <(#/,#$.&3#$3"/3$/(($,:#/;#',$/.)$:/.#(-,3,$/'#$,+?@#23$3&$2"/.A#$/3$/.B$A-4#.$7&7#.3$-.$3"#$(#/)$+:$3&$ 3"#$%&'()$*+,-.#,,$/.)$01#2+3-4#$5&/2"$6+77-3C$$
!"#$%&'()$*+,-.#,,$/.)$01#2+3-4#$5&/2"$6+77-3$899-2-/($ 6:#/;#'$/.)$</.#(-,3$=-.#>+:$
% &%+'(4&!3&+( dT-((-&.$[&((/'$5&/2"FK$X23-&.58X5N$ ( D.$sJJc$l$sJJHK$0/'($]#7:#'$E/,$/E/')#)$3"#$X23-&.58X5N$a(&?/($ 5&/2"$&9$3"#$^#/'$/.)$-.$sJJIK$sJJ\K$/.)$sJJH$E/,$3"#$V&'3"$X7#'-2/.$ *+,-.#,,$5&/2"$&9$3"#$^#/'C$$0/'($-,$3"#$9-',3$QT-((-&.$[&((/'$5&/2"S$-.$ X23-&.58X5NF,$"-,3&'B$/.)$-.$"-,$3&:$:'&)+2-.A$7&.3"$#/'.#)$ wGJcKJJJC$0/'($-.4#,3#)$-.$"-,$:'/23-2#$-.$5&(&'/)&$-.$X:'-($&9$sJJM$/.)$ 3&)/B$"#$"/,$/$3#/7$&9$#-A"3C$$X23-&.58X5N$/.)$-3,$2&/2"#,$'#:'#,#.33"#$ E&'()F,$(/'A#,3K$2&/2"-.A$.#3E&';C$$$
% 0"($%++"0( 8E.#'K$!"#$*+,-.#,,$5&/2"-.A$5#.3#'$ T/,3#'$=-2#.,##K$X23-&.58X5NK$$ ( 6-F,$#1:#'-#.2#$/.)$#1:#'3-,#$2&7#,$9'&7$sM$B#/',$&9$E&';-.A$"/.),>&.$ -.$6/(#,$/.)$T/';#3-.A$-.$9&+'$2&+.3'-#,K$9&((&E#)$?B$,#4#'/($B#/',$&9$ '+..-.A$7/.B$,+22#,,9+($?+,-.#,,$4#.3+'#,$&9$"-,$&E.C$$$$ $ 6-$"/,$.&E$2&.)+23#)$&4#'$cMJJ$G$&.$G$,/(#,$-.3#'4-#E,$,-.2#$GHHGK$ ,#((-.A$#4#'B3"-.A$9'&7$:/A#',$/.)$2#(($:"&.#,$3"'&+A"$3&$ !#(#2&77+.-2/3-&.,$-.9'/,3'+23+'#K$2/(($2#.3'#$,&(+3-&.,$/.)$2&/2"-.A$ :'&A'/7,C$$N#$2+''#.3(B$7/-.3/-.,$/$csu$2(&,-.A$'/3-&$&.$wZJKJJJ$2&/2"-.A$:'&A'/7,C$$$ $ 5(-#.3,$-.2(+)#$!#(,3'/K$U/-(2&':K$X(,2&K$5&77&.E#/(3"$*/.;K$T#32/,"$X)4/.3/A#K$!"&7,&.$ <+?(-,"-.AK$0(#23'&(+1K$X+,3'/(-/.$[#.3/($X,,&2-/3-&.K$XX<!K$*/.;$&9$`+##.,(/.)hCC$ $ 6-$N/''-,$"/,$?##.$:'#,#.3-.A$/.)$2&/2"-.A$?+,-.#,,#,$,-.2#$sJJs$/.)$"/,$2&.)+23#)$&4#'$ sMJJ$&.#$&.$&.#$2&/2"-.A$,#,,-&.,$E&';-.A$E-3"$&4#'$sMJ$)-99#'#.3$-.)+,3'B$,#A7#.3,K$ :'#,#.3#)$3&$&4#'$cJJ$/+)-#.2#,$/'&+.)$3"#$E&'()$-.2(+)-.A$g6XK$0.A(/.)K$Y-@-K$D'#(/.)$/.)$ 3"'&+A"&+3$X+,3'/(-/$/.)$V#E$x#/(/.)C$ $ D.$sJJL$6-$)#2-)#)$3&$,3&:$2&/2"-.A$/.)$,3/'3#)$?+-()-.A$!"#$*+,-.#,,$5&/2"-.A$5#.3'#C$ %-3"-.$M$B#/',$3"#$?+,-.#,,$"/)$#1:/.)#)$3&$GM$2&/2"#,$E-3"$/.$/4#'/A#$'#4#.+#$:#'$2&/2"$ &9$E#(($&4#'$wsMJ;$/.)$/$2(-#.3$'#3#.3-&.$/4#'/A#$&9$&4#'$G\$7&.3",C$
% % %
% <(#/,#$.&3#$3"/3$/(($,:#/;#',$/.)$:/.#(-,3,$/'#$,+?@#23$3&$2"/.A#$/3$/.B$A-4#.$7&7#.3$-.$3"#$(#/)$+:$3&$ 3"#$%&'()$*+,-.#,,$/.)$01#2+3-4#$5&/2"$6+77-3C$$
!"#$%&'()$*+,-.#,,$/.)$01#2+3-4#$5&/2"$6+77-3$899-2-/($ 6:#/;#'$/.)$</.#(-,3$=-.#>+:$
!O+//09$%5,3'4$%?'*%='+3#$/A%J'N%;'%".*,%<'.*%_,'N8$->$)%&+3(>*'.,-)% +,-%CL6$*0$,3$%5,;'%+%D.8;068$%5,3'4$%@;*$+4/%C460*$1$ $ $$ !"'%-%('&0$"-04/$ 8E.#'K$5&/2"-.A$T-((-&.,$ Y&+.)#'K$X,,&2-/3-&.$&9$5&/2"-.A$/.)$5&.,+(3-.A$<'&9#,,-&./(,$8.$3"#$ %#?$nX55<8%o$ $ k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b+-2;$/.)$,-7:(#$9&'7+(/$9&'$3+'.-.A$B&+'$#1-,3-.A$2&/2"-.A$:'&2#,,$ -.3&$/$"&3$,#((-.A$2&+',#$&'$3'/-.-.A$:'&)+23$3"/3$E-(($,#(($B&+'$2&/2"-.A$9&'$B&+K$E"-(#$/))-.A$ 3"&+,/.),$&9$)&((/',$-.$:/,,-4#$-.2&7#$3&$B&+'$?+,-.#,,C$ $ 6066D8V$!X]0>X%X^6_( • • • • •
!"#$L$3B:#,$&9$-.2&7#$#4#'B$2&/2"$2/.$2'#/3#$$ N&E$3&$2'#/3#$/$:'&)+23$(-.#$3"/3$,#((,$-3,#(9i$$ !"#$L$-7:&'3/.3$:'-.2-:(#,$&9$2'#/3-.A$-.2&7#$,3'#/7,$3"/3$.#4#'$)'B$&+3$$ N&E$3&$,#3$+:$'#2+''-.A$-.2&7#$,3'#/7,$-.$B&+'$?+,-.#,,$$ ]#B$E/B,$3&$3"-.;$/?&+3$B&+'$?+,-.#,,K$;.&E(#)A#K$7/';#3-.A$/.)$,+22#,,$3&$;##:$ 2'#/3-.A$7&'#$:/,,-4#$-.2&7#$,3'#/7,$#4#'B$B#/'$
%!J'N%G'.%3+,%$+*,%+,%+--0;0',+8%`SXX)XXXa%0,%8$//%;#+,%;N'%-+G/%6$*% N$$(%-'0,>%N#+;%G'.%8'9$%;'%-'1$ $ .1!(31'%-2($ 8E.#'K$\JrsJ$5#.3#'$ $ !"#$-7:(-2/3-&.,$&9$?#-.A$/?(#$3&$#/'.$,-1$/.)$7+(3-:(#$,-1$9-A+'#,$-.$(#,,$ 3"/.$3E&$)/B,$:#'$E##;$/'#$-77#.,#$h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sJ$5#.3#'K$!&7$<&(/.)K$ <(#/,#$.&3#$3"/3$/(($,:#/;#',$/.)$:/.#(-,3,$/'#$,+?@#23$3&$2"/.A#$/3$/.B$A-4#.$7&7#.3$-.$3"#$(#/)$+:$3&$ 3"#$%&'()$*+,-.#,,$/.)$01#2+3-4#$5&/2"$6+77-3C$$
!"#$%&'()$*+,-.#,,$/.)$01#2+3-4#$5&/2"$6+77-3$899-2-/($ 6:#/;#'$/.)$</.#(-,3$=-.#>+:$
'#4#/(,$#1/23(B$"&E$2&/2"#,$/.)$2&.,+(3/.3,$2/.$(-3#'/((B$A#.#'/3#$,-1$/.)$7+(3-:(#$,-1$ 9-A+'#,$-.$(#,,$3"/.$3E&$)/B,$:#'$E##;$/.)$'#4#/(,$3"#$\J>sJ$5#.3#'F,$?+,-.#,,$7&)#($3"/3$ 2&/2"#,$/.)$2&.,+(3/.3,$/'#$+,-.A$3&$#.A/A#$/.)$"#(:$7&'#$2(-#.3,K$#/'.$,-A.-9-2/.3(B$7&'#$ 7&.#B$/.)$/(($-.$)'/7/3-2/((B$(#,,$3-7#C$$ 6066D8V$!X]0>X%X^6P$ • • •
• • •
•
Y&+'$,-7:(#$,3'/3#A-2$,3#:,$B&+$2/.$3/;#$3&$"/4#$b+/(-9-#)$:'&,:#23,$/::'&/2"-.A$B&+$ :'#:/'#)$3&$:/B$:'#7-+7$(#4#($9##,$l$"&:-.A$3"/3$B&+$E-(($/22#:3$3"#7$/,$2(-#.3,$$ Y-4#$-.2&''#23$?#(-#9,$3"/3$B&+$:'&?/?(B$"&()$/.)$3"/3$,#4#'#(B$'#,3'-23$?&3"$B&+'$ #/'.-.A,$/.)$3"#$b+/(-3B$&9$B&+'$:#',&./($(-9#,3B(#$$ !"#$9&+'$:'&4#.$3'+3",$B&+$2/.$-77#)-/3#(B$#7?'/2#$3"/3$E-(($+.(&2;$B&+'$:&3#.3-/($ 3&$#/'.$)'/7/3-2/((B$7&'#$7&.#B$-,$,-A.-9-2/.3(B$(#,,$3-7#C$!"#$:&3#.3-/($9&'$/$(-9#> 2"/.A-.A$7-.)$,"-93$E"#.$B&+$A'/,:$3"#,#$3'+3",$E-(($?#$3"#$7&,3$4/(+/?(#$:/'3$&9$ 3"-,$:'#,#.3/3-&.$/.)$:&,,-?(B$3"#$7&,3$4/(+/?(#$/.)$(-?#'/3-.A$'#/(-e/3-&.$3"/3$ B&+F4#$#1:#'-#.2#)$-.$7&.3",$&'$#4#.$B#/',$$ X$:'&4#.$,B,3#7$3"/3$B&+$2/.$Q,E-:#$/.)$)#:(&BS$3&$2'#/3#$7+(3-:(#K$:'#)-23/?(#$/.)$ '#.#E/?(#$,&+'2#,$&9$-.2&7#$9'&7$B&+'$2&/2"-.A$&'$2&.,+(3-.A$:'/23-2#$$ !&7$<&(/.)F,$QD)#/($*+,-.#,,$T&)#(S$m$/$GH$:&-.3$7&)#($3"/3$B&+$2/.$/)&:3$3&$2'#/3#$ /$Q?+,-.#,,$,3B(#S$/.)$(-9#$,3B(#$3"/3$B&+$)'#/7#)$&9$ V-.#$(#4#(,$&9$-.2&7#$A#.#'/3-.A$:'&)+23,$/.)$,#'4-2#,K$7/.B$E"-2"$B&+$2/.$ /+3&7/3#$&'$,#7->/+3&7/3#$,&$3"/3$B&+$2/.$(-3#'/((B$?#$#.A/A-.A$/.)$"#(:-.A$.#E$ 2(-#.3,$/.)$,##-.A$7&.#B$9(&E$-.3&$B&+'$?/.;$/22&+.3$#4#.$E"-(#$B&+$/'#$&.$"&(-)/B$$ X$A+/'/.3##)$,B,3#7$nB#,$m$A+/'/.3##)io$9&'$A#.#'/3-.A$/.)$/))-3-&./($wGJJKJJJ$&'$ 7&'#$&9$/..+/($#/'.-.A,$-.$(#,,$3"/.$3E&$)/B,$:#'$E##;$$
!"#$%@$3*$;%B'*4.8+%'?%@.33$//%?'*%&./0,$//%+,-%CL$3.;09$%='+3#$/1$ $ $$
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b+#,$+:&.$2(-#.3,C$$$$ 6066D8V$!X]0>X%X^6P$ • •
6+':'-,-.A$,3/3-,3-2,$/.)$"&E$3&$-.3#':'#3$3"#7$:&,-3-4#(B$ [8D!$m$3"#$9&'7+(/$&9$,+22#,,$
<(#/,#$.&3#$3"/3$/(($,:#/;#',$/.)$:/.#(-,3,$/'#$,+?@#23$3&$2"/.A#$/3$/.B$A-4#.$7&7#.3$-.$3"#$(#/)$+:$3&$ 3"#$%&'()$*+,-.#,,$/.)$01#2+3-4#$5&/2"$6+77-3C$$
!"#$%&'()$*+,-.#,,$/.)$01#2+3-4#$5&/2"$6+77-3$899-2-/($ 6:#/;#'$/.)$</.#(-,3$=-.#>+:$
• • •
!"#$7#/.-.A$/.)$-7:/23$&9$-.3#'9#'#.2#$/.)$E"/3$3&$)&$/?&+3$-3$ <&E#'9+($-)#/,$/.)$3#2".-b+#,$3&$+,#$E-3"$2(-#.3,$/.)$,3&'-#,$&9$"&E$/.)$E"#'#$3"#B$ "/4#$/('#/)B$E&';#)C$$ X.$-.3'&)+23-&.$3&$"&E$3"#$[8D!$6+22#,,$6B,3#7$2/.$"#(:$B&+$?#2&7#$/$?#33#'$2&/2"K$ "#(:$B&+'$2(-#.3,$/2"-#4#$7&'#$/.)$2'#/3#$/$.#E$/.)$,+?,3/.3-/($:/,,-4#$-.2&7#$ ,3'#/7$-.$B&+'$?+,-.#,,C$
!J'N%5%=8'/$%bXca%'?%DG%@+8$/%D$$;0,>/%N0;#%&./0,$//%='+3#0,>% O*'/6$3;/1(( &+"#(21!,%#$$ Y&+.)#'K$!"#$5&/2"F,$5&/2"$ $ D9$B&+t'#$.&3$2(&,-.A$7&'#$3"/.$\Ju$&9$/(($B&+'$,/(#,$7##3-.A,$E-3"$?+,-.#,,$ 2&/2"-.A$:'&,:#23,K$B&+t'#$(#/4-.A$,#'-&+,$7&.#B$&.$3"#$3/?(#C$$k&-.$T/,3#'$ *+,-.#,,$5&/2"$0'-2$[&7?/2"$/,$"#$'#4#/(,$"-,$:'#2-,#$:'&2#,,$9&'$2(&,-.A$ 7&'#$3"/.$\Ju$&9$/(($"-,$,/(#,$7##3-.A,$>>$/$3#2".-b+#$3"/3$-,$,&$:&E#'9+(K$ 3"#'#$/'#$7&.3",$"#t,$/2"-#4#)$/.$-.2'#)-?(#$GJJu$2(&,-.A$'/3#i$$ 6066D8V$!X]0>X%X^6_$^&+t(($)-,2&4#'CCC$ • • • • •
!-:,$9&'$b+/(-9B-.A$:'&,:#23,$-.$/)4/.2#$,&$B&+t'#$.&3$E/,3-.A$3-7#$E-3"$?'&;#$ ?+,-.#,,$&E.#',CCC$ N&E$3&$A#3$:&3#.3-/($2(-#.3,$:'#:/'#)$3&$7/;#$/$?+B-.A$)#2-,-&.$&.$3"#$,:&3CCC$ <&E#'9+($3#2".-b+#,$3"/3$E&';$9(/E(#,,(BK$E"#3"#'$B&+t'#$7##3-.A$E-3"$:'&,:#23,$ 9/2#>3&>9/2#$&'$p4-'3+/((Bp$&4#'$6;B:#$&'$3#(#:"&.#CCC$ !"#$GI$,3#:,$3&$/$,+22#,,9+($,/(#,$7##3-.A$n)&.t3$7-,,$/$,-.A(#$&.#$-9$B&+$E/.3$3&$ 7/1-7-e#$B&+'$'#,+(3,ioCCC$ 6#2'#3,$9&'$)-99+,-.A$,/(#,$:'#,,+'#$/.)$/E;E/').#,,$-.,3/.3(BCCC$
% !@G/;$403%"$+4%='+3#0,>%d%&*0->$%7$;N$$,%5,-090-.+8%='+3#0,>%+,-% \*>+,0e+;0',+8%f$9$8'64$,;1( $ 81$-('&%+/(81/#&(($ X2/)#7B$&9$01#2+3-4#$5&/2"-.A$nX&05o$ $ !"-,$2+33-.A>#)A#$:'#,#.3/3-&.$?B$k&".$=#/'B>k&B2#$E-(($)#7&.,3'/3#$ 3&$-.)-4-)+/($2&/2"#,$"&E$3"#B$2/.$,+22#,,9+((B$2"/.A#$3"#-'$:'/23-2#$ 3&$)#(-4#'$-.3#A'/3#)$3#/7$2&/2"-.A$'/3"#'$3"/.$2&((#23-4#$-.)-4-)+/($ 2&/2"-.A$-.$3"#-'$2&/2"-.A$?+,-.#,,#,C$D.$3"-,$,#,,-&.$k&".$E-(($#1:(/-.$ E"/3$3#/7$2&/2"-.A$-,$/.)$"&E$-3$)-99#',$9'&7$2&/2"-.A$-.)-4-)+/($ 3#/7$7#7?#',_$3#/7$9/2-(-3/3-&._$3#/7$?+-()-.A_$3#/7$)#4#(&:7#.3$/.)$/23-&.$(#/'.-.A$,#3,C$$ $ ^&+F(($?#$3/;#.$3"'&+A"$"&E$&'A/.-e/3-&.,K$.&E$7&'#$3"/.$#4#'$/'#$(&&;-.A$/3$"&E$3&$ &,%#-(%'$/.)$&(.(/'!%0'#1!%'(&"$-.$/$:#'-&)$&9$2"/.A#$/.)$+.2#'3/-.3BC$N#$E-(($)#7&.,3'/3#$ "&E$3#/7$2&/2"-.A$-,$3"#$.#13$?-A$,3#:$-.$3"#$#4&(+3-&.$&9$3"#$2&/2"-.A$:'&9#,,-&.$/.)$"&E$ <(#/,#$.&3#$3"/3$/(($,:#/;#',$/.)$:/.#(-,3,$/'#$,+?@#23$3&$2"/.A#$/3$/.B$A-4#.$7&7#.3$-.$3"#$(#/)$+:$3&$ 3"#$%&'()$*+,-.#,,$/.)$01#2+3-4#$5&/2"$6+77-3C$$
!"#$%&'()$*+,-.#,,$/.)$01#2+3-4#$5&/2"$6+77-3$899-2-/($ 6:#/;#'$/.)$</.#(-,3$=-.#>+:$
3"#$3-7#$-,$'-:#$-.$3"#$-.)+,3'B$3&$)-99#'#.3-/3#$!#/7$5&/2"-.A$9'&7$&3"#'$9&'7,$&9$ 3#/7rA'&+:$)#4#(&:7#.3$/.)$3&$#13#.)$3"#$)#9-.-3-&.K$?&)B$&9$3"#&'B$/.)$:'/23-2#$&9$-3C$$k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rE-3"$$ N&E$3&$+,#$/22&+.3-.A$/.)$9-./.2-/($-.3#((-A#.2#$3&$,"&E$:'&,:#23,$3"/3$3"#Bt'#$ 7-,,-.A$7/@&'$:'&9-3,$2&7:/'#)$3&$3"#-'$2&7:#3-3&',$>>$/.)$<U8W0$B&+'$4/(+#$-.$M$ 7-.+3#,$&'$(#,,CCC$ V#4#'$/A/-.$"#/'K$pDt7$3&&$?'&;#$&'$?+,B$9&'$2&/2"-.Aip$>>$<=g6K$/)4/.2#)$&?@#23-&.> ?+,3-.A$3#2".-b+#,$3"/3$E-(($3+'.$pV8p$-.3&$p^06K$<=0X60ipCCC$ X.)$7+2"$7&'#i$
• • • • • • • • •
• •
!K$+-$*/#06%+,-%E$8+;0',/#06%@G/;$4/%5,;$880>$,3$1% % !%+".%(6+"28$15&>8E.#'$/.)$<'#,-)#.3K$5UU$a(&?/($ $ D.$3"-,$,#,,-&.K$T/'-3/$E-(($#1:(&'#$E-3"$B&+$"&E$B&+$2/.$ :&E#'9+((B$2'#/3#$2&.,2-&+,K$-.3#.3-&./($3#/7$ '#(/3-&.,"-:,$3"/3$2'#/3#$/.$#.4-'&.7#.3$&9$2&> '#,:&.,-?-(-3B$9&'$3"#$#.3-'#$3#/7K$?#B&.)$-.)-4-)+/($ /22&+.3/?-(-3BC$$ $ 6"#F(($:'&4-)#$4/(+/?(#$-.,-A"3,$&.$"&E$B&+$2/.$3'+,3$3"/3$ 3"#$3#/7$,B,3#7$-3,#(9$-,$-."#'#.3(B$2'#/3-4#$l$-.3#((-A#.3$l$/?(#$3&$9-.)$-3,$&E.$ ,&(+3-&.,C$^&+F(($/(,&$&?3/-.$2'-3-2/($-.9&'7/3-&.$&.$"&E$B&+$2/.$,##)$3#/7$l$ &'A/.-e/3-&./($2+(3+'#,$,&$3"/3$(#/)#',"-:F,$2&>&E.#)$?B$#4#'B$7#7?#'$&'$ #7:(&B##C$ 6066D8V$!X]0>X%X^6P$$ •
•
X22#,,$3&$+:$3&$3"#$7-.+3#$/.)$'#(#4/.3$'#,#/'2"$)/3/$"-A"(-A"3-.A$.#E$ 3'#.),$9&'$8'A/.-e/3-&./($T/./A#7#.3$/.)$=#/)#',"-:$-7:/23-.A$*+,-.#,,$ /.)$,#'4-2#$:'&4-)#',$,+2"$/,$5&.,+(3/.3,$/.)$5&/2"#,C$ !"#&'#3-2/($9'/7#E&';$7&4-.A$?#B&.)$07&3-&./($/.)$6&2-/($D.3#((-A#.2#$
<(#/,#$.&3#$3"/3$/(($,:#/;#',$/.)$:/.#(-,3,$/'#$,+?@#23$3&$2"/.A#$/3$/.B$A-4#.$7&7#.3$-.$3"#$(#/)$+:$3&$ 3"#$%&'()$*+,-.#,,$/.)$01#2+3-4#$5&/2"$6+77-3C$$
!"#$%&'()$*+,-.#,,$/.)$01#2+3-4#$5&/2"$6+77-3$899-2-/($ 6:#/;#'$/.)$</.#(-,3$=-.#>+:$
• • •
3&$U#(/3-&.,"-:$6B,3#7,$D.3#((-A#.2#$ V#E$l$'#(#4/.3$2&.3'-?+3-&.$3&$a#.#'/($6B,3#7F,$3"#&'B$/::(-#)$3&$ ?+,-.#,,$l$3#/7,$ X::(-2/3-&.,$/.)$:'/23-2/($3&&(,$9&'$-77#)-/3#$+,#$?B$/33#.)##,$ X$.#E$:/'/)-A7$9&'$#1#2+3-4#$/.)$3#/7$2&/2"#,K$2&.,+(3/.3,K$NU$/.)$ 7/./A#7#.3$(#4#'/A-.A$3"#$2&((#23-4#$-.3#((-A#.2#$&9$3"#$,B,3#7$'/3"#'$ 3"/.$9&2+,-.A$,&(#(B$&.$-.)-4-)+/($:#'9&'7/.2#$
% !M/0,>%5,;$88$3;.+8%O*'6$*;G%;'%f$809$*%g+8.$%?'*%='+3#$/%d%+,-%;#$0*% 380$,;/1% $ (% -"#(+"91-$ Y&+.)#'$l$508$K$6"-'(/E,$?+,-.#,,$2&/2"-.A$ $ %*056$-,$"&,3-.A$V-2$U-1&.K$/$;#B$9-A+'#$-.$3"#$?+,-.#,,$/.)$ #1#2+3-4#$2&/2"$-.)+,3'B$E"&$E-(($?#$/..&+.2-.A$3"#$E&'()$ (/+.2"$&9$!"#$5&/2"-.A$!&&(?&1K$/$V/4-3/,$D<$:'&)+23$,:#2-9-2/((B$ )#,-A.#)$9&'$-.2&7#$/.)$(-9#,3B(#$?+,-.#,,$2&/2"#,$/'&+.)$3"#$ E&'()$E"&$E-,"$3&$#/'.$7&'#K$E"-(#$E&';-.A$,7/'3#'$/.)$2'#/3-.A$A'#/3#'$2(-#.3$'#,+(3,C$$ $ V-2$U-1&.$-,$/$V/4-3/,$D<$:/'3.#'K$/$;#B$:(/B#'$-.$3"-,$?+,-.#,,$?#"-.)$3"#$A(&?/($#1:/.,-&.$&9$ 2&/2"-.A$?'/.),$-.2(+)-.A$6"-'(/E,K$!"-.;Y##(].&EK$/.)$-.,-)#\JC$V/4-3/,$D<$(-2#.,#$3"#-'$ &E.$-.3#((#23+/($:'&:#'3B$3&$2&/2"-.A$?+,-.#,,#,$&:#'/3-.A$-.$sc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y$X.$+.)#',3/.)-.A$&9$)-99#'#.3$?+,-.#,,$7&)#(,$3"/3$?+,-.#,,$/.)$#1#2+3-4#$2&/2"#,$/'#$ 2+''#.3(B$'+..-.A$ y$Y-.)$&+3$"&E$/::(-2/3-&.$&9$D<$"/,$/('#/)B$3'/.,9&'7#)$3"#$?+,-.#,,#,$&9$"+.)'#)$&9$ ?+,-.#,,$2&/2"#,$ y$[-,2&4#'$"&E$-.)-4-)+/($2&/2"#,$2/.$?#,3$(#4#'/A#$3"#$D<$2'#/3#)$?B$&3"#',$-.$&+'$-.)+,3'B$ y$g.2&4#'$3"#$4/(+#$m$3&$B&+'$-.2&7#$/.)$B&+'$2(-#.3,$m$3"/3$D<$E-(($)#(-4#'K$E"#3"#'$B&+$/'#$ .#E$3&$2&/2"-.A$&'$/.$#1:#'-#.2#)$2&/2"$(&&;-.A$9&'$(#4#'/A#)$,&(+3-&.,$ y$6:#2-9-2$D<$#1/7:(#,$E-(($-.2(+)#$2&77+.-2/3-&.$,3B(#,K$'-,;$:'&9-(-.A$/.)$7/./A#7#.3K$/.)$ 2&.3#13+/($3&&(,$3&$2&/2"$?#B&.)$3"#$2(-#.3F,$)/B>3&>)/B$d,3+99F$
% % % <(#/,#$.&3#$3"/3$/(($,:#/;#',$/.)$:/.#(-,3,$/'#$,+?@#23$3&$2"/.A#$/3$/.B$A-4#.$7&7#.3$-.$3"#$(#/)$+:$3&$ 3"#$%&'()$*+,-.#,,$/.)$01#2+3-4#$5&/2"$6+77-3C$$
!"#$%&'()$*+,-.#,,$/.)$01#2+3-4#$5&/2"$6+77-3$899-2-/($ 6:#/;#'$/.)$</.#(-,3$=-.#>+:$
!"#$%C,$*>G%'?%C,>+>$4$,;1% ( 2)('54&("1+"1(#3#(3##(&'"H!3( <'#,-)#.3$l$508K$D.,3-3+3#$9&'$<'&9#,,-&./($012#((#.2#$-.$5&/2"-.A$ n-<05o$ $$ D7/A-.#$?#-.A$9+((B$#.A/A#)$-.$E"/3$B&+$)&$m$/.)$?#-.A$/?(#$3&$2&/2"$ &3"#',$3&$"/4#$3"/3$,/7#$#.#'A-e-.A$(#4#($&9$#.A/A#7#.3C$[-,2&4#'$3"#$ "-))#.$)-7#.,-&.$3"/3$E-(($.&3$&.(B$"/4#$B&+'$2(-#.3,$'#/2"$3"#-'$A&/(,K$ ?+3$E-(($/(,&$3'/.,9&'7$3"#$E/B$3"#B$/::'&/2"$(-9#C$$ g.)#',3/.)-.A$/.)$7/,3#'-.A$#.#'AB$-,$/$;#B$-.A'#)-#.3$3&$,/3-,9/23-&.$ /.)$,+22#,,$-.$/(($/,:#23,$&9$(-9#C$-<05F,$0.#'AB$=#/)#',"-:$7&)#($3#/2"#,$:#&:(#$"&E$3&$ ?#2&7#$/E/'#$&9$"&E$:&E#'9+($3"#B$/'#$>>$/.)$2/.$?#$>>$-.$3"#$E&';:(/2#K$/3$"&7#K$/.)$-.$3"#$ E&'()$/3$(/'A#K$/.)$"#(:,$:#&:(#$9'&7$/(($E/(;,$&9$(-9#$3&$(#/)$&3"#',$3&$#13'/&')-./'B$/.)$ ,+,3/-./?(#$,+22#,,C$$ 6066D8V$!X]0>X%X^6_$D.$3"-,$(-4#(B$/.)$-.3#'/23-4#$,#,,-&.K$B&+F(($(#/'.$/?&+3P$$ •
!"#$./3+'#$&9$#.#'ABK$/.)$"&E$,"-93-.A$-3$2/.$2/3/:+(3$B&+',#(9$/.)$B&+'$2(-#.3,$3&$ .#E$"#-A"3,C$$
•
!"#$)-99#'#.3$3B:#,$&9$#.#'AB$3"/3$"&()$3"#$;#B$3&$E"B$2#'3/-.$:#&:(#$,+22##)$/.)$ #.@&B$(-9#$#99&'3(#,,(BK$E"-(#$&3"#',$2&.3-.+/((B$,3'+AA(#$3&$+.)#',3/.)$3"#7,#(4#,K$3&$ 2&77+.-2/3#$#99#23-4#(BK$&'$3&$?'#/;$3"'&+A"$?(&2;,$3"/3$"&()$3"#7$?/2;C$$
•
Y&+'$)-99#'#.3$#.#'A#3-2$)B./7-2,$3"/3$"&()$3"#$2(+#$9&'$"&E$3&$A#3$2&7:(#3#$?+B>-.$ /.)$9+(($#.A/A#7#.3$9'&7$/.B&.#K$/3$/.B$3-7#C$$
$ k&-.$[C$=+;#$D&'-&K$5<5K$<55K$0=D>T<K$<'#,-)#.3$l$508$&9$3"#$D.,3-3+3#$9&'$<'&9#,,-&./($ 012#((#.2#$-.$5&/2"-.A$n-<05oK$/,$"#$#1:(&'#,$3"#$#12-3-.AK$#99#23-.AK$/.)$3'/.,9&'7/3-4#$ ./3+'#$&9$#.#'AB$/.)$"&E$-3$2/.$3/;#$B&+'$2&/2"-.A$#99#23-4#.#,,$m$/.)$B&+'$:'/23-2#$m$9'&7$ &')-./'B$3&$#13'/&')-./'Bi$$$ $ ID+*($;%K$//%+,-%5,3*$+/$%<'.*%&';;'4%80,$%W%?'8-J($ ( $ 4%.&(0.&"-,%#$&+( Y&+.)#'$l$W<K$5&/2"#,$5&.,&(#$$ Y&+.)#'K$!"#$5&/2"-.A$X)4/.3/A#$ $ ^&+$)&$.&3$"/4#$3&$?#$/$A'#/3$7/';#3#'$3&$A/-.$.#E$2(-#.3,$/.)$7/;#$7&'#$ 7&.#BC$D.$9/23K$B&+$2/.$/23+/((B$,:#.)$(#,,$3-7#$7/';#3-.A$/.)$7&'#$3-7#$ )&-.A$E"/3$B&+$(&4#$3&$)&$/.)$2&.3-.+#$3&$A'&E$B&+'$?+,-.#,,$ #1:&.#.3-/((Bi$$!"#'#$/'#$Z$;#B,$3&$3"-,$(#4#($&9$,+22#,,$XV[$-3$&.(B$3/;#,$L$ #/,B$,3#:,$3&$A#3$3"#'#C$$D$"/4#$"#(:#)$GJJF,$&9$2&/2"#,$/.)$,#'4-2#$ :'&4-)#',$)&$@+,3$3"-,C$a-4#$7#$&.#$"&+'$&9$B&+'$3-7#$/.)$D$E-(($,"/'#$E-3"$B&+$3"#$,#2'#3,$3&$ (#,,$7/';#3-.A$/.)$7&'#$2(-#.3,C$[+'-.A$&+'$3-7#$3&A#3"#'$B&+$E-(($(#/'.$ $ $ <(#/,#$.&3#$3"/3$/(($,:#/;#',$/.)$:/.#(-,3,$/'#$,+?@#23$3&$2"/.A#$/3$/.B$A-4#.$7&7#.3$-.$3"#$(#/)$+:$3&$ 3"#$%&'()$*+,-.#,,$/.)$01#2+3-4#$5&/2"$6+77-3C$$
!"#$%&'()$*+,-.#,,$/.)$01#2+3-4#$5&/2"$6+77-3$899-2-/($ 6:#/;#'$/.)$</.#(-,3$=-.#>+:$
6066D8V$!X]0>X%X^6P$ • • • • •
X4&-)$/$3'/:$3"/3$&.(B$2'#/3#,$7&'#$7/';#3-.A$E&';$9&'$B&+$-.$3"#$9+3+'#C$ !"#$vG$'#/,&.$2(-#.3,$E-(($"-'#$B&+K$'#"-'#$B&+$/.)$'#9#'$B&+i$ a&&)$3&$a'#/3$-,$E&.)#'9+(h$D$E-(($,"&E$B&+$"&E$B&+$2/.$A#3$3&$01b+-,-3#i$ a/-.$?/2;$MM$7-.+3#,$#/2"$)/BK$sI$Grs$"&+',$#/2"$7&.3"$/.)$s$7&.3",$/$ B#/'h-7/A-.#$E"/3$B&+$2/.$)&$E-3"$3"/3$;-.)$&9$#13'/$3-7#i$ D$E-(($3#/2"$B&+$3"#$Z$;#B,$3&$,+22#,,$/.)$3"#$$L$,:#2-9-2$,3'/3#A-#,$B&+$2/.$-7:(#7#.3$ -77#)-/3#(B$3&$,/4#$B&+$3-7#$K$7/';#3$(#,,$/.)$,3-(($-.2'#/,#$B&+'$?&33&7$(-.#C$
1('=E<K(L;M(B;(1,.%"-N(!%"-.%"-N(EK?(+&.%"-(AFC=KBO(P;<(FCP=Q1$ $ 4"!(%2&0(($ [-'#23&'K$k&+'./(0.A-.#$6&93E/'#$$ Y'/7#$&9$T-.)$5&/2"-.A$ $ U+..-.A$/$,+22#,,9+($2&/2"-.A$?+,-.#,,$'#b+-'#,$3E&$3"-.A,P$G$m$!"#$ /?-(-3B$3&$:'&4-)#$/$)##:(B$3'/.,9&'7/3-&./($#1:#'-#.2#$3&$#/2"$&9$B&+'$ 2(-#.3,$/.)$s$m$3"#$?+,-.#,,$,/44B$3&$A#.#'/3#$(#/),K$2&.4#'3$3"#7$-.3&$ 2(-#.3,K$/.)$;##:$3"#7$2&7-.A$?/2;$&4#'$/.)$&4#'$/A/-.C$$$Y-.)-.A$ 2(-#.3,K$+.)#',3/.)-.A$3"#-'$.##),K$"#(:-.A$3"#7$/2"-#4#$3"#-'$n2&.3F)oh$ hn2&.3F)o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h#4#'B$,-.A(#$3-7#C$ 6066D8V$!X]0>X%X^6P$ • • • • •
=#/'.$/$.#E$7#3"&)$&9$A#33-.A$3&$3"#$"#/'3$/.)$,&+($&9$B&+'$2(-#.3,$b+-2;(B$/.)$;.&2;$ 3"#-'$,&2;,$&99$#/2"$/.)$#4#'B$3-7#C$ =#/'.$"&E$3&$A/3"#'$#4-)#.2#$&9$2(-#.3$,+22#,,$ =#/'.$"&E$3&$A#.#'/3#$b+/(-9-#)$(#/),$/.)$7&4#$9'&7$/$(#/)$3&$/$2(&,#$#99&'3(#,,(BC$ =#/'.$"&E$3&$;##:$9&'7#'$2(-#.3,$#.A/A#)$/.)$,-A.-.A$+:$9&'$7&'#C$ !"-,$:'#,#.3/3-&.$E-(($"/4#$B&+$(&&;-.A$/3$2&/2"-.A$-.$/$.#E$/.)$9'#,"$E/BC$$D3$E-(($ 2"/((#.A#$B&+'$3"-.;-.A$/.)$:+,"$B&+$&+3$&9$3'/)-3-&./($2&.4#',/3-&.,$/.)$-.3&$/$ 2&.4#',/3-&.$/?&+3$"&E$3&$2&.4#'3$B&+'$2&/2"-.A$:'/23-2#$-.3&$/$2&/2"-.A$ ?+,-.#,,C$$^&+$E&.F3$E/.3$3&$7-,,$-3i$
$
( ( <(#/,#$.&3#$3"/3$/(($,:#/;#',$/.)$:/.#(-,3,$/'#$,+?@#23$3&$2"/.A#$/3$/.B$A-4#.$7&7#.3$-.$3"#$(#/)$+:$3&$ 3"#$%&'()$*+,-.#,,$/.)$01#2+3-4#$5&/2"$6+77-3C$$
!"#$%&'()$*+,-.#,,$/.)$01#2+3-4#$5&/2"$6+77-3$899-2-/($ 6:#/;#'$/.)$</.#(-,3$=-.#>+:$
3%-&'(2"0#500"1-0$ !
!D'-$*,%K$+-$*/#06!% ! ( 8%/-&(7%++"'17( 508K$T/1$01#2+3-4#$5&/2"-.A$ 508K$U#,&./.3$5&/2"$ 5'#/3&'K$6&+(0.#'A-#$ ( k/B.#$"/,$&4#'$GM$B#/',$-.3#'./3-&./($#1:#'-#.2#$E&';-.A$E-3"$/$?'&/)$ '/.A#$&9$2&':&'/3#$:/'3.#',$#b+-::-.A$(#/)#',$E-3"$3"#$,;-((,$.##)#)$9&'$?+,-.#,,$ #99#23-4#.#,,$/.)$:#',&./($2"/.A#C$X,$/$:/,,-&./3#$:'&9#,,-&./(K$k/B.#$"/,$/$,3'&.A$ '#:+3/3-&.$9&'$-..&4/3-4#$2&/2"-.AK$+,-.A$:'&4#.$:,B2"&(&A-2/($:'-.2-:(#,$3&$,"-93$:#',:#23-4#$ /.)$:#'9&'7/.2#K$+(3-7/3#(B$+.(#/,"-.A$/$2'#/3-4#$/::'&/2"$3&$)##:$/.)$,+,3/-./?(#$ 2"/.A#C$X,$508$&9$T/1$01#2+3-4#$5&/2"-.AK$,"#$-,$:/'3-2+(/'(B$,&+A"3$&+3$9&'$"#'$-.,-A"3,$&.$ 9+((B$#.A/A#)$(#/)#',"-:K$2&/2"-.A$/2'&,,$2+(3+'#,$/.)$"/'.#,,-.A$3"#$#.#'AB$&9$3"#$ &'A/.-e/3-&.C$k/B.#$-,$/(,&$3"#$508$&9$U#,&./.3$5&/2"RK$/.$#12#:3-&./($:(/2#$3&$"#(:$2&/2"#,$ /2"-#4#$/22#(#'/3#)$'#,+(3,$+,-.A$3"#$:&E#'$&9$#.#'AB$/.)$3"#$2'#/3&'$&9$6&+(0.#'A-#$/$ ?+,-.#,,$)#4&3#)$3&$B&+'$:#',&./($/.)$?+,-.#,,$#4&(+3-&.C$ $ $ $ 05R"(31!&+%-.R( 8E.#'K$D..&4/3-4#$=#/)#',"-:$D.3#'./3-&./($==5$ T/,3#'$01#2+3-4#$5&/2"$ $ 6+e-$<&7#'/.3eK$T!K$T55$-,$/.$/E/')>E-..-.A$#1#2+3-4#$2&/2"K$,:#/;#'K$ 9/2-(-3/3&'K$/.)$/+3"&'$E-3"$GI$B#/',$&9$2&/2"-.A$/.)$3#/2"-.A$#1:#'-#.2#$ E&';-.A$E-3"$(#/)#',$/.)$3#/7,$-.$&4#'$GLM$&'A/.-e/3-&.,$-.3#'./3-&./((B$ /2'&,,$a&4#'.7#.3$/A#.2-#,$/.)$:'-4/3#$,#23&'$2(-#.3,K$-.2(+)-.A$,#4#.$ 2&7:/.-#,$&.$3"#$Y&'3+.#$GJJ$(-,3C$6+e-$,:#2-/(-e#,$-.$2&/2"-.A$/3$3"#$ -.3#',#23-&.$&9$(#/)#',"-:$/.)$?+,-.#,,$)#4#(&:7#.3K$E-3"$/$:/'3-2+(/'$#7:"/,-,$&.$ -.3#A'/3-.A$?'/.)$/.)$,&2-/($7#)-/$-.3&$B&+'$,3'/3#ABC$X$2&/2"-.A$4#3#'/.$-.$3"#$(#A/($ -.)+,3'BK$6+e-$"/,$2&/2"#)$(#/)#',$-.$,#4#.$2&':&'/3#$(/E$)#:/'37#.3,$/.)$/$)&e#.$(/E$ 9-'7,C$83"#'$-.)+,3'B$#1:#'-#.2#$-.2(+)#,P$2&.,+(3-.AK$9-./.2-/($,#'4-2#,K$7/.+9/23+'-.AK$ "&,:-3/(-3BK$#.3'#:'#.#+'-/($#.3#':'-,#,K$9#)#'/($/.)$,3/3#$A&4#'.7#.3K$#)+2/3-&./($ -.,3-3+3-&.,K$7#7?#',"-:>?/,#)$,#'4-2#$#.3-3-#,K$/.)$#1#2+3-4#$T*X$:'&A'/7,C$ $ $ $ $ $ $ $ $ $ <(#/,#$.&3#$3"/3$/(($,:#/;#',$/.)$:/.#(-,3,$/'#$,+?@#23$3&$2"/.A#$/3$/.B$A-4#.$7&7#.3$-.$3"#$(#/)$+:$3&$ 3"#$%&'()$*+,-.#,,$/.)$01#2+3-4#$5&/2"$6+77-3C$$
!"#$%&'()$*+,-.#,,$/.)$01#2+3-4#$5&/2"$6+77-3$899-2-/($ 6:#/;#'$/.)$</.#(-,3$=-.#>+:$
3+"0#"''%(-&'01-( <'-,2-((/$V#(,&.$"/,$&4#'$ZJ$B#/',$&9$3/(#.3$7/./A#7#.3$#1:#'-#.2#$ E&';-.A$E-3"$Y&'3+.#$MJJ$(#/)#',$&9$&'A/.-e/3-&.,$,:/..-.A$cJ$2&+.3'-#,C$ 6"#$"/,$'#2#-4#)$-.3#'./3-&./($/22(/-7$9&'$"#'$E&';$-.$(#/)#',"-:$ )#4#(&:7#.3K$#1#2+3-4#$2&/2"-.AK$/.)$)-4#',-3BC$$6"#$-,$3"#$2&>/+3"&'$&9$ '-)-.A$3"#$!-A#'P$=#/)-.A$!"'&+A"$=#/'.-.A$-.$!+'?+(#.3$!-7#,$nX6![$ <'#,,K$T/B$sJGJo$/$2&.3'-?+3&'$3&$3"#$X6![$=#/)#',"-:$N/.)?&&;$9#/3+'-.A$3"#$(#A#.),$&9$ (#/)#',"-:$nk-7$5&((-.,K$]&+e#,$/.)$<&,.#'K$k&".$]&33#'K$*#4#'(B$]/B#K$Y'/.2#,$N#,,#(?#-.$ /.)$7&'#oK$/+3"&'$&9$Q=#3F,$!/(;SK$HJ$<&E#'9+($`+#,3-&.,$9&'$=#/)#',K$/$<'&9#,,-&./($5&/2"$ 5#'3-9-2/3-&.$:'&A'/7$/(-A.#)$3&$D.3#'./3-&./($5&/2"$Y#)#'/3-&.$2&7:#3#.2-#,K$.+7#'&+,$ )#,;3&:$3&&(,$/.)$(#/'.-.A$/.)$)#4#(&:7#.3$/'3-2(#,C$ <'-,2-((/$"/,$/$TC6C$-.$N+7/.$U#,&+'2#,$02&.&7-2,K$/.)$/$TCXC$-.$5&+.,#(&'$0)+2/3-&.C$$6"#$ -,$/$5#'3-9-#)$<#'9&'7/.2#$!#2".&(&A-,3K$/$5#'3-9-#)$<'&9#,,-&./($5&/2"$/.)$"&(),$ 2#'3-9-2/3-&.,$-.$2&+.3(#,,$/,,#,,7#.3$3&&(,$-.2(+)-.A$*#.2"7/';,$ZcJK$/.)$T*!DC$ $ !%+#"%(+&/-1'20( M3"$<'#,-)#.3$/.)$Y&+.)-.A$T#7?#'K$D.3#'./3-&./($5&/2"$Y#)#'/3-&.$nD5Yo$ T/,3#'$5#'3-9-#)$5&/2"( T/'2-/$U#B.&(),K$<,B[$l$T/,3#'$5#'3-9-#)$5&/2"K$2&/2"#,$?&3"$-.)-4-)+/(,$l$ 3#/7,$/.)$-,$/$E&'()E-)#$,:#/;#'$&.$(#/)#',"-:C$N#'$?&&;,K$8+3,7/'3$^&+'$ *'/-.$l$"#'$?#,3,#((#'$%/.)#'$%&7/.P$N&E$N-A">X2"-#4-.A$%&7#.$Y-.)$ 5&.3#.37#.3$/.)$[-'#23-&.$"/4#$?##.$b+&3#)$-.$7/.B$:(/2#,$-.2(+)-.A$N/'4/')$ T/./A#7#.3$U#4-#EK$Y&'?#,C2&7K$5VVC2&7K$<,B2"&(&AB$!&)/B$l$!"#$V#E$^&';$!-7#,$l$,"#$ "/,$/::#/'#)$&.$X*5$%&'()$V#E,C$ T/'2-/$-,$/$9&+.)-.A$7#7?#'$l$E/,$3"#$M3"$:'#,-)#.3$&9$3"#$D.3#'./3-&./($5&/2"$Y#)#'/3-&.$ l$-,$.&3#)$/,$?#-.A$-.,3'+7#.3/($-.$"#(:-.A$/$,3'+AA(-.A$,#7-2&.)+23&'$2&':&'/3-&.$?#2&7#$ 3"#$.+7?#'$vG$,3&2;$7/';#3$,+22#,,C$N#'$)&23&'/3#$-,$-.$&'A/.-e/3-&./($:,B2"&(&AB$E-3"$/$ '#,#/'2"$#7:"/,-,$&.$E"/3$"-A">/2"-#4#',$.##)$3&$3"'-4#$-.$3"#$E&';:(/2#$
!
$
% <(#/,#$.&3#$3"/3$/(($,:#/;#',$/.)$:/.#(-,3,$/'#$,+?@#23$3&$2"/.A#$/3$/.B$A-4#.$7&7#.3$-.$3"#$(#/)$+:$3&$ 3"#$%&'()$*+,-.#,,$/.)$01#2+3-4#$5&/2"$6+77-3C$$
!"#$%&'()$*+,-.#,,$/.)$01#2+3-4#$5&/2"$6+77-3$899-2-/($ 6:#/;#'$/.)$</.#(-,3$=-.#>+:$
!F#G%&./0,$//%='+3#0,>%@;+,-+*-/%D+;;$*1% ! 7&-2/(81$-01-( <'#,-)#.3$l$508K$%&'()E-)#$X,,&2-/3-&.$&9$*+,-.#,,$5&/2"#,$n%X*5o$ $ %#.)B$k&".,&.$-,$<'#,-)#.3$/.)$508$&9$3"#$%&'()E-)#$X,,&2-/3-&.$&9$ *+,-.#,,$5&/2"#,$n%X*5oC$6-.2#$3/;-.A$3"#$"#(7$-.$sJJsK$,"#$"/,$3+'.#)$ %X*5$-.3&$/$E&'()$/+3"&'-3B$&.$?+,-.#,,$2&/2"-.A$?B$)#4#(&:-.A$,3'-23$ 7#7?#',"-:$,3/.)/'),K$/$2&)#$&9$#3"-2,$/.)$-.3#A'-3BK$:'&9#,,-&./($ ,3/.)/'),K$'#,#/'2">?/,#)$2&7:#3#.2-#,K$/.$-.3#'./3-&./($2#'3-9-2/3-&.$:'&A'/7$9&'$2&/2"#,$ /.)$/.$/22'#)-3/3-&.$:'&A'/7$9&'$?+,-.#,,$2&/2"$3'/-.-.A$:'&4-)#',C$k&".,&.$?'-.A,$/.$ -7:'#,,-4#$?/2;A'&+.)$3&$"#'$#1#2+3-4#$:&,-3-&.K$E-3"$#1:#'3-,#$-.$"+7/.$)B./7-2,K$ ?#"/4-&'/($,2-#.2#$/.)$2'-7-./($@+,3-2#C$%#.)B$9&'7#'(B$(#)$3"#$k&".,&.$01#5$a'&+:K$ )#,-A.-.A$2&/2"-.A$:'&A'/7,$9&'$,#.-&'$#1#2+3-4#,$/.)$&3"#'$"-A"$:#'9&'7#',C$D.$/))-3-&.$3&$ "#'$2&/2"-.A$(#/)#',"-:K$%#.)B$"/,$/.$#13#.,-4#$?/2;A'&+.)$-.$"+7/.$)B./7-2,K$ ?#"/4-&'/($,2-#.2#$/.)$2'-7-./($@+,3-2#C$6"#$"&(),$/.$TX$-.$5&+.,#(-.A$<,B2"&(&AB$/.)$ .+7#'&+,$2#'3-9-2/3-&.,$-.$7#)-/3-&.K$.#A&3-/3-&.K$2&.9(-23$/./(B,-,K$7/./A#7#.3K$ -.3#''&A/3-&.$/.)$-.4#,3-A/3-&.C$ $ $ ,1,(*%+S&/( Bob is one of Europe's leading academic practitioners in coaching and mentoring and his research has influenced policy, practice and productivity in a range of organisations in all sectors - corporate, small business, public and the not for profit and voluntary sectors. He is also in demand internationally as a keynote conference speaker and has presented papers and keynote conference presentations around the world including the US, Europe and Africa. He was awarded a chair in Mentoring and Coaching at Sheffield Hallam University in 2007. Bob is widely published in books as well as professional and academic journals. His current clients include: Lloyds Banking Group, Wood McKenzie, McBride plc, SIG, Earth Tech, SSAT, Eli Lilly several universities in Europe and a variety of NHS Trusts. Bobâ&#x20AC;&#x2122;s coaching experience has been with executives in a range of sectors, self-employed people, young people, performing artists and middle management.
<(#/,#$.&3#$3"/3$/(($,:#/;#',$/.)$:/.#(-,3,$/'#$,+?@#23$3&$2"/.A#$/3$/.B$A-4#.$7&7#.3$-.$3"#$(#/)$+:$3&$ 3"#$%&'()$*+,-.#,,$/.)$01#2+3-4#$5&/2"$6+77-3C$$
!"#$%&'()$*+,-.#,,$/.)$01#2+3-4#$5&/2"$6+77-3$899-2-/($ 6:#/;#'$/.)$</.#(-,3$=-.#>+:$
05--/(0.15.(T+10.+1-( [-'#23&'K(T/.3"/.&$D.,3-3+3#$&9$=#/'.-.A$n<3Bo$=3)$ V&.>01#2+3-4#$[-'#23&'K$U#,&(4#$0.2&+.3#'$5&.,+(3-.A( ( 6+..B$-,$/$[-'#23&'$E-3"$3"#$T/.3"/.&$D.,3-3+3#$&9$=#/'.-.A$n<3Bo$=3)C$ ?/,#)$-.$5/:#$!&E.K$/$Y&+.)-.A$Y#((&E$/.)$U#,#/'2"$X)4-,&'$&9$3"#$ D.,3-3+3#$&9$5&/2"-.A$/3$N/'4/')rT2=#/.$T#)-2/($62"&&(K$/.)$/$.&.> #1#2+3-4#$[-'#23&'$E-3"$U#,&(4#$0.2&+.3#'$5&.,+(3-.A$-.$k&"/..#,?+'AC$ 6+..B$2&/2"#,$/3$,#.-&'$#1#2+3-4#$/.)$?&/')$(#4#(K$/.)$"/,$/$E-)#$'/.A#$ &9$#1:#'-#.2#$-.$(#/)#',"-:$)#4#(&:7#.3$/.)$?+,-.#,,$,3'/3#ABC( %-3"$&4#'$sJ$B#/',F$-.3#'./3-&./($#1:#'-#.2#$/,$/.$#1#2+3-4#$2&/2"K$6+..B$?#(-#4#,$3"#'#$-,$/$ ,3'&.A$(-.;$?#3E##.$#7&3-&./($-.3#((-A#.2#$/.)$?+,-.#,,$'#,+(3,$m$,"#$E&';,$E-3"$#1#2+3-4#$ (#/)#',$/.)$3"#-'$3#/7,$3&$"#(:$3"#7$/2"-#4#$-.)-4-)+/(K$3#/7$/.)$&'A/.-e/3-&./($A&/(,C$ 6+..B$E/,$5"/-'$&9$3"#$%&';-.A$a'&+:$&.$/$U#,#/'2"$XA#.)/$9&'$[#4#(&:7#.3$&9$3"#$Y-#()$ 9&'$3"#$a(&?/($5&/2"-.A$5&77+.-3B$na55oK$/.)$-,$Y&+.)-.A$<'#,-)#.3$&9$3"#$:'&9#,,-&./($ /,,&2-/3-&.K$5&/2"#,$/.)$T#.3&',$&9$6&+3"$X9'-2/$n58T0V6XoC$ $ 3+16)(2%S"2('%-&(( $ [/4-)$=/.#$-,$/.$-.3#'./3-&./($/+3"&'-3B$&.$)#4#(&:-.A$2&7:#3#.2B$/.)$ /22'#)-3/3-&.$7&)#(,$9&'$:'&9#,,-&.,C$N#$"/,$)#4#(&:#)$7&)#(,$9&'$&4#'$ sM$B#/',$9&'$,#23&',$/.)$-.)+,3'-#,$,+2"$/,$"#/(3"K$A&4#'.7#.3K$9-./.2#K$ :'&:#'3B$)#4#(&:7#.3K$#)+2/3-&.K$4#3#'-./'B$7#)-2-.#K$7#)-/$/.)$ 2&/2"-.AC$[/4-)$/(,&$"/,$&4#'$ZJ$B#/',$&9$,#.-&'$7/./A#7#.3$2&.,+(3-.A$ #1:#'-#.2#$E-3"$:+?(-2$/.)$:'-4/3#$,#23&'$2(-#.3,$-.$&-(K$-.)+,3'-/(K$ 9-./.2-/($/.)$&3"#'$,#23&',C$ Y&'$&4#'$3E&$)#2/)#,K$"#t,$:'&4-)#)$#1#2+3-4#$2&/2"-.A$/.)$3'/-.-.A$3&$/.$-7:'#,,-4#$/''/B$ &9$2(-#.3,$-.2(+)-.A$X22#.3+'#$/.)$a(/1&C$[/4-)$/::#/',$'#A+(/'(B$&.$3"#$**5K$6;BK$D!W$/.)$ .+7#'&+,$'/)-&$:'&A'/7,C$N-,$7&,3$'#2#.3$?&&;,$/'#$20'!3("'!4,1!3,(50#./!9&'$3"#$ 5"/'3#'#)$D.,3-3+3#$&9$<#',&..#($/.)$[#4#(&:7#.3$/.)$20'!6,7'1.!85#'.%#"%!91(5%#%#,.'1!9&'$ U&+3(#)A#C$ 8&%-(#'%52&H-1&'( 6#.-&'$X,,&2-/3#K$]#3,$)#$W'-#,$D.,3-3+3#( $ Y'#.2"$?&'.$/.)$/$g.-3#)$63/3#,$2-3-e#.$(-4-.A$-.$V#E$^&';$,-.2#$GHHGK$ k#/.$5(/+)#$V&#($"#()$A(&?/($,#.-&'$*&/')$:&,-3-&.,$E-3"$N-(3&.$ D.3#'./3-&./(K$"#/)-.A$+:$%#,3#'.$0+'&:#$/.)$X9'-2/$/.)$(/3#'$!"#$ X7#'-2/,$?/,#)$-.$V#E$^&';K$!V!$/,$6#.-&'$W-2#$<'#,-)#.3$m$ D.3#'./3-&./($/.)$5"'-,3-#F,$/,$a'&+:$5"-#9$8:#'/3-.A$899-2#'C$N#$3"#.$ 9&+.)#)$X3'-+7$5&.,+(3-.A$==5$-.$V#E$^&';$/.)$@&-.#)$DV60X[$/,$ X)@+.23$5(-.-2/($<'&9#,,&'$n0.3'#:'#.#+',"-:$/.)$Y/7-(B$0.3#':'-,#o$l$ <'&A'/7$[-'#23&'$/3$3"#$DV60X[$a(&?/($=#/)#',"-:$5#.3#'C$N#$-,$/$6#.-&'$X,,&2-/3#$/3$3"#$ =&.)&.>?/,#)$]#3,$)#$W'-#,$D.,3-3+3#C$N#$-,$/(,&$/$7#7?#'$&9$3"#$D.3#'./3-&./($$ <(#/,#$.&3#$3"/3$/(($,:#/;#',$/.)$:/.#(-,3,$/'#$,+?@#23$3&$2"/.A#$/3$/.B$A-4#.$7&7#.3$-.$3"#$(#/)$+:$3&$ 3"#$%&'()$*+,-.#,,$/.)$01#2+3-4#$5&/2"$6+77-3C$$
!"#$%&'()$*+,-.#,,$/.)$01#2+3-4#$5&/2"$6+77-3$899-2-/($ 6:#/;#'$/.)$</.#(-,3$=-.#>+:$
6&2-#3B$9&'$3"#$<,B2"&/./(B3-2/($63+)B$&9$8'A/.-e/3-&.,$nD6<68oK$3"#$%&'()E-)#$X,,&2-/3-&.$ &9$*+,-.#,,$5&/2"#,$n%X*5o$/.)$-,$-.4&(4#)$E-3"$3"#$a=Y$:'&A'/7$/3$3"#$%&'()$02&.&7-2$ Y&'+7C$N#$"/,$'#2#-4#)$3"#$sJJH$g.-3#)$N&,:-3/($Y+.)$W&(+.3##'$X2"-#4#7#.3$XE/')$9&'$"-,$ E&';$E-3"$2/.2#'$:/3-#.3,$/3$T&+.3$6-./-$N&,:-3/($-.$V#E$^&';C$ ( 8&+&!/(+"2*&( 5"/-'7/.K$X,,&2-/3-&.$9&'$01#2+3-4#$5&/2"-.A$/.)$6+:#'4-,-&.$nX<056o(( ['$k#'#7B$U-)A#$"/,$/$E-)#$'/.A#$&9$#1:#'-#.2#$/,$/.$01#2+3-4#$5&/2"$ :'/23-3-&.#'K$/.)$-.$)&-.A$7&'#$E-)#$'/.A-.A$7/./A#7#.3$2&.,+(3/.2BK$ -.$3"#$:'-4/3#K$:+?(-2$/,$E#(($/,$.&3$9&'$:'&9-3$,#23&',C$N#$"/,$E&';#)$ /2'&,,$/(($9&'7,$&9$&'A/.-,/3-&.,_$9'&7$(/'A#$D.3#'./3-&./($&'A/.-,/3-&.,_$ 3&$,7/(($#.3'#:'#.#+'-/(K$2'#/3-4#K$?+,-.#,,#,_$/.)$E-3"$7/@&'$:'&9#,,-&./($,#'4-2#,$ :/'3.#',"-:,C$ k#'#7B$-,$/$g]$5"/'3#'#)$<,B2"&(&A-,3_$/.)$"/,$?##.$-.4&(4#)$-.$3"#$<'&9#,,-&./($01#2+3-4#$ 5&/2"-.A$-.-3-/3-4#,$)#4#(&:-.A$-.$'#2#.3$B#/',C$N#$-,$2+''#.3(B$3"#$5"/-'$&9$X<056K$ nX,,&2-/3-&.$9&'$01#2+3-4#$5&/2"-.A$/.)$6+:#'4-,-&.oK$E"-2"$&'-A-./3#)$-.$3"#$g]C$$k#'#7BF,$ -.3#'#,3$-.$3"#$<'&9#,,-&./($9-#()$-,$3&$#."/.2#$3"#$4/(+#$/.)$-7:&'3/.2#$&9$<'/23-3-&.#'$ #1:#'-#.2#K$;.&E(#)A#$/.)$,;-((K$-.$/$7/..#'$3"/3$7##3,$#,3/?(-,"#)$<'&9#,,-&./($,3/.)/'),$ /.)$'#b+-'#7#.3,_$/.)$E"-2"$/(,&$,#3,$4/(+/?(#K$:'/23-2/(K$?#.2"7/';,$&9$?#,3$:'/23-2#$-.$ #1#2+3-4#$2&/2"-.AC$ '"0&('&7"0( 013#'./($U#(/3-&.,K$0T55( Y&((&E-.A$/$2/'##'$-.$N+7/.$U#,&+'2#,$=-,#$,3/'3#)$"#'$&E.$?+,-.#,,$-.$ s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b+/(-3B$ ,3/.)/'),$-.$3"#$-.)+,3'BC$=-,#$-,$/(,&$<'#,-)#.3$0(#23$/.)$?#2&7#,$<'#,-)#.3$&9$3"#$0T55$-.$ V&4#7?#'$sJGG$9&'$/$:#'-&)$&9$Z$B#/',C$[+'-.A$"#'$'&(#$/,$g]$5"/-'$&9$63/.)/'),$,"#$2&> /+3"&'#)$3"#$2/:/?-(-3B$-.)-2/3&',$/.)$2&7:#3#.2#$9'/7#E&';$.&E$-.3#A'/($3&$3"#$0T55$ 0+'&:#/.$`+/(-3B$XE/')$n0`Xo$/.)$0+'&:#/.$D.)-4-)+/($X22'#)-3/3-&.$n0DXoC$=-,#$-,$(#/)-.A$ &.$3"#$0T55$b+/(-3B$/E/')$9&'$,+:#'4-,-&.$3'/-.-.A$:'&A'/77#,$/.)$E/,$3"#$0T55$ 0`Xr0DX$7/./A#'$+.3-($k+(B$sJGJ$/.)$/.$0`X$/.)$0DX$/,,#,,&'C$$
<(#/,#$.&3#$3"/3$/(($,:#/;#',$/.)$:/.#(-,3,$/'#$,+?@#23$3&$2"/.A#$/3$/.B$A-4#.$7&7#.3$-.$3"#$(#/)$+:$3&$ 3"#$%&'()$*+,-.#,,$/.)$01#2+3-4#$5&/2"$6+77-3C$$
!"#$%&'()$*+,-.#,,$/.)$01#2+3-4#$5&/2"$6+77-3$899-2-/($ 6:#/;#'$/.)$</.#(-,3$=-.#>+:$
=-,#$E/,$-.$3"#$9-',3$A'&+:$3&$A/-.$0T55$0DX$/22'#)-3/3-&.$/3$T/,3#'$<'/23-3-&.#'$(#4#(K$-,$/$ 5"/'3#'#)$Y#((&E$&9$5D<[$/.)$"&(),$/.$T*XC$6"#$-,$2+''#.3(B$E&';-.A$3&E/'),$/$<'&9#,,-&./($ [&23&'/3#$-.$01#2+3-4#$5&/2"-.AC$
!"#$%546'*;+,3$%'?%+%h03#$%0,%;#$%D+*($;0,>%'?%='+3#0,>% @$*903$/1% ( ( 4E<=K(7<CULB(
6;@K?=<(EK?(#&1N(</'/2"+3#$01#2+3-4#$5&/2"-.A(( ( 8.#$&9$5/./)/t,$7&,3$#1:#'-#.2#)$/.)$'#,:#23#)$#1#2+3-4#$2&/2"#,$/.)$ 2&/2"-.A$?+,-.#,,$(#/)#',K$]/'#.$'#:'#,#.3,$/$3#/7$&9$/,,&2-/3#,$/.)$ /((-/.2#$:/'3.#',$&99#'-.A$,#'4-2#,$-.$#1#2+3-4#$2&/2"-.AK$/,,#,,7#.3K$ E#((.#,,$,+::&'3$/.)$2/'##'$7/./A#7#.3r3'/.,-3-&.C$]/'#.$-,$3"#$9&+.)#'$ &9$</'/2"+3#$01#2+3-4#$5&/2"-.AK$/.$/,,&2-/3#>?/,#)$2&/2"-.A$9-'7$(&2/3#)$ -.$!&'&.3&K$5/./)/C$$$ $ 6"#$"/,$?##.$:'/23-2-.A$,-.2#$3"#$7-)>GHHJF,K$/.)$"&(),$3"#$T/,3#'$5#'3-9-#)$5&/2"$ )#,-A./3-&.K$3"#$"-A"#,3$2'#)#.3-/($/E/')#)$?B$3"#$D.3#'./3-&./($5&/2"$Y#)#'/3-&.C$$]/'#.$ E/,$3"#$9-',3$:'&9#,,-&./($2&/2"$3&$?#$2'#)#.3-/(#)$-.$5/./)/C$ ( ( ( +L;K?E($=OO( Y&+.)#'K$<'&,:#'&+,$5&/2"$ U"&.)/$N#,,$-,$/.$-.3#'./3-&./((B$'#2&A.-e#)$.-2"#$7/';#3$,3'/3#A-,3$/.)$ 9&+.)#'$&9$<'&,:#'&+,$5&/2"C$6"#$"/,$/$A#.-+,$9&'$"#(:-.A$2&/2"#,$2"&&,#$/$ "-A"(B$:'&9-3/?(#$2&/2"-.A$.-2"#K$,&$B&+$2/.$2&/2"$7&'#K$7/';#3$(#,,K$/.)$ ?(&E$3"#$(-)$&99$B&+'$-.2&7#C$ D.$"#'$:'#7-#'$:'&A'/7$30(&:#,.!;,<1!=7'()!3,(50#./!6(1>'%?$U"&.)/$3#/2"#,$2&/2"#,$"&E$ 3&$"/4#$(/,3-.A$/.)$3"'-((-.A$,+22#,,$,3/'3-.A$E-3"$/$,&(-)$9&+.)/3-&.C$8.2#$B&+$;.&E$E"/3$ 7&3-4/3#,$B&+'$+.-b+#$3'-?#K$-3F,$#/,B$3&$2'#/3#$2(-#.3>E-..-.A$7#,,/A#,$/.)$&99#',$3"/3$?'-.A$ B&+$'/4-.A$9/.,$/.)$/$2&.,-,3#.3$9(&E$&9$:'&9-3,C$ U"&.)/$?#2/7#$/$'#2&A.-e#)$(#/)#'$-.$3"#$2&/2"-.A$-.)+,3'B$-.$sJJG$E"#.$,"#$2&>/+3"&'#)$ 2+''-2+(+7$9&'$5&/2"$!'/-.-.A$X((-/.2#K$)#,-A.#)$3"#-'$5#'3-9-#)$5&/2"$<'&A'/7K$/.)$ :#',&./((B$3'/-.#)$&4#'$MJJ$2&/2"#,C$6-.2#$3"#.$,"#$"/,$E'-33#.$"+.)'#),$&9$:-.:&-.3#)K$ #/,B$3&$-7:(#7#.3$A+-)#,$9&'$2&/2"#,C$U"&.)/F,$-.,-A"39+($2&/2"-.A$?+,-.#,,$,3'/3#AB$?(&A$ E&.$3"#$?#,3$2&/2"-.A$?(&A$/E/')$9'&7$3"#$62"&&($&9$5&/2"-.A$T/,3#'B$-.$sJGJC$ ( ( <(#/,#$.&3#$3"/3$/(($,:#/;#',$/.)$:/.#(-,3,$/'#$,+?@#23$3&$2"/.A#$/3$/.B$A-4#.$7&7#.3$-.$3"#$(#/)$+:$3&$ 3"#$%&'()$*+,-.#,,$/.)$01#2+3-4#$5&/2"$6+77-3C$$
!"#$%&'()$*+,-.#,,$/.)$01#2+3-4#$5&/2"$6+77-3$899-2-/($ 6:#/;#'$/.)$</.#(-,3$=-.#>+:$
21--%(6"0$&+( [&../$Y-,"#'$-,$/.$#.3'#:'#.#+'$/3$"#/'3C$$6"#$(&4#,$3&$2'#/3#$/.)$A'&E$9+.$ /.)$:'&9-3/?(#$?+,-.#,,#,$m$/.)$3#/2"$&3"#',$"&E$3&$)&$3"#$,/7#C$ Y&'$&4#'$G\$B#/',K$,"#t,$?##.$3#/2"-.A$:#&:(#$3"#$/'3$/.)$,;-(($&9$ 2&77+.-2/3-.A$/.)$2&..#23-.AC$$$N#'$?&&;,K$<&E#'$V#3E&';-.AK$<#&:(#$ <&E#'K$/.)$<'&9#,,-&./($V#3E&';-.A$9&'$[+77-#,$"/4#$?##.$3'/.,(/3#)$-.3&$M$(/.A+/A#,K$ '#2&77#.)#)$?B$!-7#$T/A/e-.#$/.)$+,#)$/,$3#13?&&;,$-.$+.-4#',-3-#,C$ [&../$,"&E,$:'&9#,,-&./(,$"&E$3&$2&77+.-2/3#$/.)$2&..#23$3&$2'#/3#$:&E#'9+($3#/7,K$ 7/';#3:(/2#$4-,-?-(-3B$/.)$.#E$&::&'3+.-3-#,C$$6"#$-,$/$5#'3-9-#)$D.,3'+23&'$9&'$3"#$=/.A+/A#$ &9$T/,3#'B$:'&A'/7$?/,#)$&.$3"#$?&&;$Q5&.,2-&+,$=/.A+/A#SC$$ N#'$?+,-.#,,#,$-.2(+)#$/$7+,-2$,3&'#$,:#2-/(-e-.A$-.$)'+7,$/.)$:#'2+,,-&.K$E"#'#$,"#$"/,$ A'&E.$3"#$?+,-.#,,$ZMu$,-.2#$sJJGC$$6"#$/(,&$"/,$/.$&.(-.#$,"&::-.A$,#'4-2#$/.)$7/';#3,$/.$ &.(-.#$3#2".&(&AB$9&'$,3/B-.A$2&..#23#)$E-3"$2(-#.3,$/.)$:'&,:#23,C$ $ .&++"('&S"-&( 508K$5&7:'#"#.,-4#$5&/2"-.A$gK$D.2C$ T/,3#'$5&/2"( T/,3#'$5&/2"K$508$/.)$#.3'#:'#.#+'K$!#''-$=#4-.#K$!"#$a+'+$&9$5&/2"-.A$ 6TK$<"C[CK$T55K$<55K$T6K$555>6=<K$7/)#$3"#$3'/.,-3-&.$9'&7$,#.-&'$ #1#2+3-4#$3&$?#2&7#$&.#$&9$3"#$3&:$:'&9#,,-&./($2&/2"#,$-.$3"#$-.)+,3'BK$ 9&+.)#)$/$(#/)-.A$2&/2"$3'/-.-.A$,2"&&(K$/.)$"/,$E&';#)$E-3"$2(-#.3,$9'&7$#4#'B$E/(;$&9$(-9#C$ !#''-$-,$3"#$9&+.)#'$/.)$508$&9$5&7:'#"#.,-4#$5&/2"-.A$gK$D.2CK$!"#$<'&9#,,-&./(F,$5&/2"$ !'/-.-.A$<'&A'/7C$!"-,$-,$/.$-.3#'./3-&./((B$'#2&A.-e#)$:'&A'/7$:'&4-)-.A$3'/-.-.A$3&$ -.)-4-)+/(,$/.)$&'A/.-e/3-&.C$ $ 4"!(4"+!!0&H.1.$( 8E.#'K$<&,-3-4#$XA-.A$D.2C$ D.3#'./3-&./($!'/-.#'K$T#.3&'$5&/2"$ ]-7$]-'77,#$!&3"$-,$/$3'/.,-3-&.r'#3-'#7#.3$#1:#'3$/.)$&E.#'$&9$<&,-3-4#$ XA-.AK$D.2CK$E"-2"$"#(:,$*/?B$*&&7#',$(-4#$7&'#$9+(9-((#)$(-4#,C$]-7$-,$/$ (-2#.,#)$2(-.-2/($,&2-/($E&';#'$/,$E#(($/,$2#'3-9-#)$(-9#$2&/2"C$6"#$"/,$E&';#)$ 9&'$&4#'$sJ$B#/',$-.$"#'$:'-4/3#$:'/23-2#$E-3"$-.)-4-)+/(,K$9/7-(-#,K$2&+:(#,$ /.)$A'&+:,C$X,$/$?/?B$?&&7#'$"#',#(9$E"&$:(/.,$3&$E&';$7/.B$B#/',$-.3&$3"#$9+3+'#K$,"#$"/,$ 3'/.,-3-&.#)$"#'$3"#'/:B$:'/23-2#$-.3&$/$2&/2"-.A$?+,-.#,,C$
<(#/,#$.&3#$3"/3$/(($,:#/;#',$/.)$:/.#(-,3,$/'#$,+?@#23$3&$2"/.A#$/3$/.B$A-4#.$7&7#.3$-.$3"#$(#/)$+:$3&$ 3"#$%&'()$*+,-.#,,$/.)$01#2+3-4#$5&/2"$6+77-3C$$
!"#$%&'()$*+,-.#,,$/.)$01#2+3-4#$5&/2"$6+77-3$899-2-/($ 6:#/;#'$/.)$</.#(-,3$=-.#>+:$
]-7t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nEEEC7#.3&'2&/2"C2&7o$/.$D5Y$/22'#)-3#)$2&/2"$3'/-.-.A$,2"&&(C$ $ *%+/(*1+!%-( a/'B$a&'7/.$-,$/$(#/)-.A$g]$,/(#,$7#.3&'$/.)$,:#/;#'$/.)$,:#2-/(-,#,$-.$ E&';-.A$E-3"$3'/-.#',K$2&/2"#,$/.)$2&.,+(3/.3,$3&$"#(:$3"#7$/33'/23$7&'#$ 2+,3&7#',$/.)$A'&E$,/(#,$b+-2;(B$/.)$#/,-(BC$ N/4-.A$,:#.3$&4#'$3E#.3B$B#/',$-.$7/@&'$g]$2&':&'/3#$,/(#,$'&(#,K$-.2(+)-.A$ ,#4#.$B#/',$E&';-.A$-.$2&/2"-.A$/.)$7#.3&'-.AK$a/'B$.&E$'+.,$'#A+(/'$7&+()>?'#/;-.A$ ,/(#,$7#.3&'-.A$E&';,"&:,$9&'$.+7#'&+,$,7/(($?+,-.#,,#,$?&3"$&.(-.#$/.)$9/2#>3&>9/2#C$ T/.B$&9$a/'BF,$2(-#.3,$3#(($"-7$3"/3$3"#B$2/.F3$?#(-#4#$3"#$)-99#'#.2#$"#$"/,$7/)#$3&$3"#$E/B$ 3"#B$.&E$/::'&/2"$/33'/23-.A$.#E$2+,3&7#',$/.)$A'&E-.A$3"#-'$,/(#,C$#.3-'#$
% % % % % % % % % % % % % % % % <(#/,#$.&3#$3"/3$/(($,:#/;#',$/.)$:/.#(-,3,$/'#$,+?@#23$3&$2"/.A#$/3$/.B$A-4#.$7&7#.3$-.$3"#$(#/)$+:$3&$ 3"#$%&'()$*+,-.#,,$/.)$01#2+3-4#$5&/2"$6+77-3C$$
!"#$%&'()$*+,-.#,,$/.)$01#2+3-4#$5&/2"$6+77-3$899-2-/($ 6:#/;#'$/.)$</.#(-,3$=-.#>+:$
!K$+-0,>%O$*/6$3;09$/%',%i='46804$,;+*G%='+3#0,>% @$//0',/]1% % % *%+/($&-01-! 8E.#'K$*+,-.#,,2&/2"C2&7$ a/'B$*C$N#.,&.K$5*5K$-,$3"#$<'#,-)#.3$/.)$Y&+.)#'$&9$D.3#'./3-&./((B$;.&E.$ *+,-.#,,5&/2"C2&7K$,-.2#$GH\HC$N#$"/,$:#',&./((B$E&';#)$E-3"$&4#'$IKJJJ$ ?+,-.#,,$(#/)#',$/.)$2&/2"#)$&4#'$MJJ$&'A/.-e/3-&.,$/.)$3"#-'$#7:(&B##,$ /,$/.$#1:#'3$?+,-.#,,$2&/2"C$X93#'$E&';-.A$E-3"$a/'BK$"-,$2(-#.3,$ ,##$)'/7/3-2$-7:'&4#7#.3,$-.$"+7/.$:#'9&'7/.2#K$,/(#,K$2+(3+'/($)#,-A.K$2+,3&7#'$,#'4-2#K$ ,3'/3#A-2$:(/..-.AK$(#/)#',"-:$/.)$7+2"$7&'#Ca/'B$"/,$,:&;#.$/3$&4#'$sJJ$#4#.3,$&.$3&:-2,$ ,+2"$/,P$*+,-.#,,$5&/2"-.AK$N-A"$D7:/23$=#/)#',"-:K$*+-()-.A$/$<&E#'9+($!#/7K$N&()-.A$ 07:(&B##,$X22&+.3/?(#K$63'/3#A-2$<(/..-.A$T/)#$0/,BK$012#((#.2#$-.$5+,3&7#'$6#'4-2#K$ !'/-.-.A$/$6+22#,,9+($6/(#,$!#/7$/.)$7/.B$7&'#C$N-,$/'3-2(#,$"/4#$?##.$:+?(-,"#)$-.$ Y&'3+.#K$0.3'#:'#.#+'K$!"#$6/2'/7#.3&$*##K$*+,-.#,,$k&+'./(,$/.)$T/./A-.A$6+22#,,$ T/A/e-.#C$ $ S%-&00%(0$%7( Y&+.)#'$l$[-'#23&'K$6-7:(B$x#,3$ $ W/.#,,/$6"/E$-,$508$?#"-.)$6-7:(B$x#,3i$>$/$5&/2"-.A$8'A/.-e/3-&.$?/,#)$ @+,3$ &+3,-)#$ a#.#4/K$ 6E-3e#'(/.)C$ $ W/.#,,/$ 2&7?-.#,$ "#'$ #.3'#:'#.#+'-/($ ,:-'-3$ E-3"$ "#'$ 9-.#(B$ /33+.#)$ 2&/2"-.A$ ,;-((,$ 3&$ 9/2-(-3/3#$ ?&3"$ :#',&./($ A'&E3"$ /.)$ &'A/.-e/3-&./($ :#'9&'7/.2#C$ 6"#$ "&(),$ /.$ -.3#'./3-&./($ /22'#)-3/3-&.$ /,$ /$ <'&9#,,-&./((B$ 5#'3-9-#)$ 5&/2"$ n<55o$ 9'&7$ 3"#$ D.3#'./3-&./($ 5&/2"$ Y#)#'/3-&.$ nD5YoC$ W/.#,,/$ ,:#2-/(-e#,$ -.$ N-A"$ <#'9&'7/.2#$ 01#2+3-4#$ 5&/2"-.AK$ 07&3-&./($ D.3#((-A#.2#$ n0`oK$ 63'#,,$ T/./A#7#.3$ /.)$ 5&':&'/3#$N#/(3"$l$%#((>*#-.AC$6"#$2"/((#.A#,$/.)$,+::&'3,$"#'$2(-#.3,$3&$2&.3-.+/((B$'/-,#$ 3"#$ ?/'$ ?&3"$ :'&9#,,-&./((B$ /.)$ :#',&./((BC$ 6"#$ -,$ /$ A'/)+/3#$ &9$ 3"#$ X2/)#7B$ &9$ 01#2+3-4#$ 5&/2"-.A$ E-3"$ /$ [-:(&7/$ -.$ X)4/.2#)$ 01#2+3-4#$ 5&/2"-.AC$ 6"#$ -,$ /(,&$ :/'3$ &9$ 3"#$ 9/2+(3B$ &9$ 3"#$X)4/.2#)$01#2+3-4#$5&/2"-.A$:'&A'/77#$-.$6E-3e#'(/.)C$
<(#/,#$.&3#$3"/3$/(($,:#/;#',$/.)$:/.#(-,3,$/'#$,+?@#23$3&$2"/.A#$/3$/.B$A-4#.$7&7#.3$-.$3"#$(#/)$+:$3&$ 3"#$%&'()$*+,-.#,,$/.)$01#2+3-4#$5&/2"$6+77-3C$$