![]()
kAmk^Am
kAmk^Am
kAm|:2>:[ u=@C:52 $6A b_[ a_ae Wk2 9C67lQ9EEADi^^HHH]:DDF6H:C6]4@>^Q E2C86ElQ03=2?<Q E:E=6lQxDDF6H:C6Q C6=lQ?@7@==@H ?@@A6?6CQmxDDF6H:C6]4@>k^2mX |:2>: $H:> (66< 4@?E:?F6D E@ @3D6CG6 E96 6>6C86?46 @7 56D:8?6CD 2?5 :?56A6?56?E 72D9:@? 3FD:?6DD6D 7C@> 5:776C6?E A2CED @7 E96 H@C=5[ A2CE:4F=2C=J E9@D6 AC6A2C:?8 E@ :?EC@5F46 E96:C H@C< E@ p>6C:42? 4@?DF>6CD] pD 72D9:@? 364@>6D :?4C62D:?8=J :?E6C?2E:@?2= 2?5 5:8:E2=[ ?6H ?2>6D 42? C6249 >F=E:A=6 >2C<6ED =@?8 367@C6 6DE23=:D9:?8 2 A9JD:42= AC6D6?46 :? E96 &?:E65 $E2E6D]k^Am
kAm~?6 56D:8?6C H9@ 92D C646?E=J 2EEC24E65 @FC 2EE6?E:@? :D |2C:?2 {6G<@G:49[ 2 &<C2:?:2? 56D:8?6C H9@D6 3FD:?6DD :D ?@H AC6A2C:?8 7@C :ED ?6IE DE286 @7 :?E6C?2E:@?2= 6IA2?D:@?]k^Am
kAm{6G<@G:49 :D 2 &<C2:?:2? 4:E:K6?[ 2?5 96C 4=@E9:?8 :D AC@5F465 :? 96C 9@>6 4@F?ECJ] w6C DE@CJ 4@>3:?6D 2 DEC@?8 &<C2:?:2? 4@??64E:@? H:E9 8C@H:?8 :?E6C?2E:@?2= 6IA6C:6?46] p7E6C :?:E:2==J D6==:?8 96C 56D:8?D :? &<C2:?6[ D96 8C25F2==J 6IA2?565 :?E@ z2K2<9DE2?[ pC>6?:2[ rJACFD[ E96 &pt[ 2?5 @E96C >2C<6ED 24C@DD t2DE6C? tFC@A6 2?5 ?6:893@C:?8 C68:@?D]k^Am
kAm}@H[ 27E6C 3F:=5:?8 6IA6C:6?46 24C@DD D6G6C2= :?E6C?2E:@?2= >2C<6ED[ {6G<@G:49 :D AC6A2C:?8 E@ 6?E6C E96 &?:E65 $E2E6D]k^Am
kAmu@C |:2>: $H:> (66<[ E9:D :D 6I24E=J E96 <:?5 @7 56G6=@A>6?E E92E >2<6D E96 8=@32= 72D9:@? :?5FDECJ H@CE9 H2E49:?8] }6H 56D:8?6CD 5@ ?@E 2=H2JD 2CC:G6 :? p>6C:42 E9C@F89 >2;@C C6E2:= 8C@FAD @C 6DE23=:D965 72D9:@? 9@FD6D] x?4C62D:?8=J[ E96J 3F:=5 E96:C 2F5:6?46 E9C@F89 5:8:E2= 492??6=D[ E6DE 56>2?5 :? 5:776C6?E 4@F?EC:6D[ =62C? 7C@> C68:@?2= 4@?DF>6C AC676C6?46D[ 2?5 E96? 2AAC@249 E96 p>6C:42? >2C<6E H:E9 2? 6I:DE:?8 3FD:?6DD 9:DE@CJ 369:?5 E96>]k^Am
kAmkDEC@?8muC@> &<C2:?6 E@ x?E6C?2E:@?2= |2C<6EDk^DEC@?8mk^Am
kAm|2C:?2 {6G<@G:49D 56G6=@A>6?E 5:5 ?@E 92AA6? E9C@F89 2 D:?8=6 :?E6C?2E:@?2= =2F?49] w6C 3FD:?6DD 6IA2?565 DE6A 3J DE6A]k^Am
kAm%96 7:CDE D2=6D H6C6 :? E96 4@F?ECJ H96C6 E96 56D:8?6C H2D 3@C? 2?5 H96C6 96C 4@==64E:@?D 4@?E:?F6 E@ 36 AC@5F465] pD E96 3FD:?6DD 56G6=@A65[ 4FDE@>6CD @FED:56 &<C2:?6 3682? 5:D4@G6C:?8 E96 4=@E9:?8[ 4C62E:?8 @AA@CEF?:E:6D :? 255:E:@?2= >2C<6ED]k^Am
kAm%9:D 24E:G6 56G6=@A>6?E 6G6?EF2==J 3C@F89E E96 4@==64E:@?D E@ z2K2<9DE2?[ pC>6?:2[ rJACFD[ E96 &pt 2?5 @E96C 4@F?EC:6D]k^Am
kAm%96 86@8C2A9J :ED6=7 :D ?@E23=6] p=>2EJ 2?5 sF32:[ 7@C 6I2>A=6[ C6AC6D6?E G6CJ 5:776C6?E 72D9:@? 6?G:C@?>6?ED] $6==:?8 E@ 4FDE@>6CD 24C@DD E96D6 >2C<6ED AC@G:56D 2 56D:8?6C H:E9 AC24E:42= :?D:89E :?E@ 9@H 6IA64E2E:@?D C682C5:?8 DEJ=6[ 4@G6C286[ D9@AA:?8 923:ED 2?5 AC6D6?E2E:@? 42? G2CJ 4@?D:56C23=J 7C@> @?6 =@42E:@? E@ 2?@E96C]k^Am
kAmu@C :?56A6?56?E 56D:8?6CD[ E9:D <:?5 @7 :?E6C?2E:@?2= 6IA6C:6?46 42? 364@>6 A2CE:4F=2C=J G2=F23=6 367@C6 6?E6C:?8 2 =2C86 2?5 4@>A6E:E:G6 >2C<6E DF49 2D E96 &?:E65 $E2E6D]k^Am
kAmu2D9:@? 3C2?5D @A6C2E65 24C@DD >F=E:A=6 4@F?EC:6D ?665 E@ F?56CDE2?5 E92E 2 DF446DD7F= AC@5F4E :D ?@E 2=H2JD A6C46:G65 :? E96 D2>6 H2J 6G6CJH96C6] t249 <6J >2C<6E 42? C6G62= D@>6E9:?8 5:776C6?E 23@FE 4@?DF>6C 3692G:@C]k^Am
kAmz2K2<9DE2? :D 2? 6DA64:2==J :?E6C6DE:?8 A2CE @7 {6G<@G:49D DE@CJ]k^Am
kAmkDEC@?8m(9J z2K2<9DE2? q642>6 2? x>A@CE2?E |2C<6Ek^DEC@?8mk^Am
kAmqFE E96 >@DE :?E6C6DE:?8 E9:?8 :? E9:D DE@CJ :D ?@E D:>A=J E92E |2C:?2 {6G<@G:49 3682? D6==:?8 :?E6C?2E:@?2==J] xE :D H9J D@>6 @7 96C 56D:8?D 7@F?5 56>2?5 :? A2CE:4F=2C >2C<6ED]k^Am
kAmx? z2K2<9DE2?[ >@C6 4@G6C65 5C6DD6D 92G6 2 D:8?:7:42?E 2F5:6?46] {6G<@G:49 2=C625J AC@5F46D 5C6DD6D E92E 4@CC6DA@?5 H:E9 E9:D AC676C6?46] |2?J @7 96C 56D:8?D 2G@:5 6IEC6>6=J 566A ?64<=:?6D 2?5 @G6C=J C6G62=:?8 4FED[ 7@4FD:?8 :?DE625 @? D:=9@F6EE6[ 76>:?:?:EJ[ 723C:4 2?5 4@?DECF4E:@?]k^Am
kAm%96C6 :D 2=D@ 2 3C@256C 4@?DF>6C EC6?5 369:?5 E9:D 2AAC@249]k^Am
kAmp7E6C J62CD :? H9:49 C6G62=:?8 5C6DD6D[ 566A ?64<=:?6D 2?5 9:89=J @A6? D:=9@F6EE6D 92G6 5@>:?2E65 A2CED @7 H@>6?D 72D9:@?[ D@>6 4FDE@>6CD 2C6 =@@<:?8 7@C 2=E6C?2E:G6D] %96J DE:== H2?E 4=@E9:?8 E92E 766=D >@56C? 2?5 2EEC24E:G6[ 3FE E96J >2J AC676C >@C6 4@G6C286]k^Am
kAm{6G<@G:49 5:5 ?@E ?665 E@ 4@>A=6E6=J C6:?G6?E 96C 56D:8? 2AAC@249 7@C E9:D 2F5:6?46] %96 26DE96E:4 D96 H2D 2=C625J 56G6=@A:?8 :? &<C2:?6 4@CC6DA@?565 ?2EFC2==J H:E9 E96 AC676C6?46D @7 D@>6 4FDE@>6CD :? z2K2<9DE2?]k^Am
kAm%9:D 56>@?DEC2E6D D@>6E9:?8 :>A@CE2?E 23@FE :?E6C?2E:@?2= 72D9:@?i 2 56D:8? 492C24E6C:DE:4 E92E >2J 2AA62C ?:496 :? @?6 4@F?ECJ 42? 364@>6 2 4@>>6C4:2= 25G2?E286 :? 2?@E96C]k^Am
kAm!6@A=6 2=D@ 6IA64E >@C6 7C@> 4=@E9:?8 E92? :ED AC24E:42= 7F?4E:@?] (96? 4FDE@>6CD A2J 7@C 2 5C6DD[ E96J H2?E E@ 6?;@J E96 AFC492D6 2?5 E96 6IA6C:6?46 @7 H62C:?8 :E] %96 A=62DFC6 @7 7:?5:?8 D@>6E9:?8 E92E 766=D 4@>7@CE23=6[ 2AAC@AC:2E6 2?5 G:DF2==J 5:DE:?4E:G6 42? 36 2D :>A@CE2?E 2D E96 82C>6?E :ED6=7]k^Am
kAm%92E 6>@E:@?2= 6=6>6?E :D 5:77:4F=E E@ BF2?E:7J[ 3FE :E C6>2:?D 46?EC2= E@ E96 72D9:@? 3FD:?6DD]k^Am
kAmkDEC@?8ms:8:E2= r@>>6C46 |2<6D x?E6C?2E:@?2= vC@HE9 !@DD:3=6k^DEC@?8mk^Am
kAmp?@E96C 2DA64E |:2>: $H:> (66< 7:?5D C6=6G2?E :? DE@C:6D DF49 2D {6G<@G:49D :D E96 8C@H:?8 :>A@CE2?46 @7 5:8:E2= 4@>>6C46]k^Am
kAmx? z2K2<9DE2?[ 96C 5C6DD6D 2C6 D@=5 E9C@F89 A=2E7@C>D 2?5 H63D:E6D] %96 @?=:?6 >2C<6E 2==@HD :?56A6?56?E 56D:8?6CD E@ C6249 4@?DF>6CD H:E9@FE :>>65:2E6=J 4C62E:?8 2 EC25:E:@?2= C6E2:= :?7C2DECF4EFC6 :? 6G6CJ ?6H 4@F?ECJ]k^Am
kAm%9:D 92D 7F?52>6?E2==J 492?865 E96 A@DD:3:=:E:6D 2G2:=23=6 E@ D>2==6C 72D9:@? 4@>A2?:6D]k^Am
kAmp 56D:8?6C 5@6D ?@E ?646DD2C:=J 92G6 E@ @C82?:K6 2?JE9:?8 4@>A2C23=6 E@ 2 =2C86 A9JD:42= C6E2:= ?6EH@C< 367@C6 6IA=@C:?8 :?E6C?2E:@?2= 56>2?5] (63D:E6D[ >2C<6EA=246D[ D@4:2= >65:2 2?5 6=64EC@?:4 A2J>6?ED 42? AC@G:56 E96 :?7C2DECF4EFC6 ?646DD2CJ E@ 4@??64E AC@5F4E:@? :? @?6 4@F?ECJ H:E9 4@?DF>6CD :? 2?@E96C]k^Am
kAmt249 5:8:E2= A=2E7@C> 364@>6D 2 3FD:?6DD C6D@FC46] u2D9:@? AF3=:42E:@?D[ @?=:?6 4@?E6?E 2?5 D@4:2= >65:2 42? :?EC@5F46 2 56D:8?6C E@ 2 H:56C AF3=:4[ H9:=6 5:8:E2= 4@>>6C46 42? 4@?G6CE E92E 2EE6?E:@? :?E@ 24EF2= EC2?D24E:@?D]k^Am
kAmx? E9:D 6?G:C@?>6?E[ 6G6? E96 :562 @7 H@C=5H:56 D6CG:46 :D 492?8:?8]k^Am
kAmu@C 2? :?56A6?56?E 72D9:@? 4@>A2?J[ H@C=5H:56 D6CG:46 5@6D ?@E ?646DD2C:=J >62? >2:?E2:?:?8 3@FE:BF6D 24C@DD >F=E:A=6 4@?E:?6?ED] xE >2J :?DE625 >62? AC@G:5:?8 4FDE@>6CD H:E9 2 C6=:23=6 H2J E@ 5:D4@G6C 2 AC@5F4E[ 4@>>F?:42E6 H:E9 E96 3FD:?6DD[ >2<6 6=64EC@?:4 A2J>6?ED[ A=246 2? @C56C 2?5 C646:G6 E96 82C>6?E :?E6C?2E:@?2==J]k^Am
kAmx? E9:D D6?D6[ {6G<@G:49D 3FD:?6DD 92D 2=C625J AC@G:565 2 D6CG:46 24C@DD 3@C56CD H9:=6 >2:?E2:?:?8 :ED AC@5F4E:@? 32D6 :? &<C2:?6]k^Am
kAmkDEC@?8muC@> p=>2EJ 2?5 sF32: %@H2C5 E96 &?:E65 $E2E6Dk^DEC@?8mk^Am
kAm%96 6IA6C:6?46 244F>F=2E65 :? p=>2EJ[ sF32: 2?5 @E96C :?E6C?2E:@?2= >2C<6ED ?@H AC@G:56D 4@?E6IE 7@C |2C:?2 {6G<@G:49D A=2??65 >@G6 :?E@ E96 &?:E65 $E2E6D]k^Am
kAm%96 p>6C:42? >2C<6E AC6D6?ED 2 4@?D:56C23=J 5:776C6?E 492==6?86] xE :D =2C86[ 9:89=J 4@>A6E:E:G6 2?5 7C28>6?E65 24C@DD ?F>6C@FD 4@?DF>6C 8C@FAD] v=@32= 72D9:@? 4@>A2?:6D 4@>A6E6 H:E9 :?56A6?56?E =236=D[ 5:8:E2=\7:CDE 3FD:?6DD6D[ =@42= 56D:8?6CD 2?5 ?:496 3C2?5D]k^Am
kAm*6E E92E 5:G6CD:EJ 42? 2=D@ 4C62E6 @AA@CEF?:E:6D]k^Am
kAm%96C6 :D ?@ D:?8=6 p>6C:42? 72D9:@? 4FDE@>6C] r@?DF>6CD 92G6 5:776C6?E 4F=EFC2= 324<8C@F?5D[ =:76DEJ=6D 2?5 6IA64E2E:@?D C682C5:?8 AC:46[ 56D:8? 2?5 4@G6C286] %9:D 42? 4C62E6 9:89 :?E6C6DED :? DA64:2=:K65 72D9:@? 42E68@C:6D E92E >2J ?@E ?646DD2C:=J 5@>:?2E6 >2:?DEC62> C6E2:=]k^Am
kAm{6G<@G:49D 6IA6C:6?46 :? z2K2<9DE2? :D A2CE:4F=2C=J C6=6G2?E :? E9:D C6DA64E] xE 56>@?DEC2E6D E92E 4@?E6>A@C2CJ 4=@E9:?8 H:E9 >@C6 4@G6C286 42? 7:?5 2? 2F5:6?46 H:E9@FE 36:?8 A@D:E:@?65 2D EC25:E:@?2= @C @FE52E65]k^Am
kAm%96 p>6C:42? @?=:?6 >2C<6E 2=D@ 8:G6D :?E6C?2E:@?2= 56D:8?6CD 2? @AA@CEF?:EJ E@ E6DE 4@?DF>6C C6DA@?D6 367@C6 >2<:?8 =2C86C :?G6DE>6?ED :? A9JD:42= C6E2:=]k^Am
kAmu@C {6G<@G:49[ 6?E6C:?8 E96 &?:E65 $E2E6D H:== :?G@=G6 AC24E:42= BF6DE:@?D DFCC@F?5:?8 D:K:?8[ =@8:DE:4D[ C6EFC?D[ >2C<6E:?8[ 4FDE@>6C 4@>>F?:42E:@? 2?5 A2J>6?E DJDE6>D] w@H6G6C[ D96 :D 2AAC@249:?8 E96 >2C<6E 27E6C 2=C625J 82:?:?8 6IA6C:6?46 D6==:?8 @FED:56 &<C2:?6]k^Am
kAmkDEC@?8mp &<C2:?:2? qFD:?6DD {@@<:?8 ~FEH2C5k^DEC@?8mk^Am
kAm|:2>: $H:> (66< 92D =@?8 6I:DE65 H:E9:? 2? :?5FDECJ D92A65 3J :?E6C?2E:@?2= :?7=F6?46D[ 2?5 H6 4@?E:?F6 E@ H2E49 9@H 56D:8?6CD 7C@> 5:776C6?E 4@F?EC:6D 2AAC@249 E96 p>6C:42? 72D9:@? =2?5D42A6]k^Am
kAm|2C:?2 {6G<@G:49 C6AC6D6?ED @?6 6I2>A=6 @7 E9:D >@G6>6?E]k^Am
kAm$96 C6>2:?D 2 &<C2:?:2? 4:E:K6?[ 2?5 96C 4@==64E:@?D 4@?E:?F6 56G6=@A?8 :? &<C2:?6 2?5 36:?8 AC@5F465 E96C6] pE E96 D2>6 E:>6[ E96 4@>>6C4:2= 86@8C2A9J DFCC@F?5:?8 E96 3C2?5 92D 6IA2?565 7C@> :ED @C:8:?2= 5@>6DE:4 2F5:6?46 E@ z2K2<9DE2?[ pC>6?:2[ rJACFD[ E96 &pt 2?5 @E96C >2C<6ED]k^Am
kAm%92E 4@>3:?2E:@? =@42= AC@5F4E:@? 2?5 :?E6C?2E:@?2= 5:DEC:3FE:@? :D 364@>:?8 :?4C62D:?8=J C6=6G2?E :? >@56C? 72D9:@?]k^Am
kAms:8:E2= A=2E7@C>D 92G6 >256 :E A@DD:3=6 7@C 56D:8?6CD E@ 3F:=5 2F5:6?46D @FED:56 E96:C 9@>6 4@F?EC:6D H:E9@FE :>>65:2E6=J 364@>:?8 =2C86 >F=E:?2E:@?2= 4@>A2?:6D] p H63D:E6 42? 364@>6 2 DE@C67C@?E[ 2? @?=:?6 A=2E7@C> 42? AC@G:56 2446DD E@ 2?@E96C 4@F?ECJ[ 2?5 AF3=:42E:@?D 42? :?EC@5F46 2 56D:8?6C E@ 4@?DF>6CD E9@FD2?5D @7 >:=6D 2H2J]k^Am
kAm%9:D :D @?6 C62D@? |:2>: $H:> (66< 4@?E:?F6D E@ A2J 2EE6?E:@? E@ 6>6C8:?8 :?E6C?2E:@?2= 56D:8?6CD 2?5 E96 H2JD :? H9:49 E96:C 3FD:?6DD6D 6G@=G6]k^Am
kAm|2C:?2 {6G<@G:49D ?6IE DE6A :D A2CE:4F=2C=J :?E6C6DE:?8 3642FD6 :E 3C:?8D E92E 56G6=@A>6?E E@H2C5 E96 &?:E65 $E2E6D] $96 :D ?@E 2AAC@249:?8 E96 p>6C:42? >2C<6E 2D 2 56D:8?6C >2<:?8 96C 7:CDE D2=6D @FED:56 &<C2:?6] $96 2CC:G6D H:E9 :?E6C?2E:@?2= 6IA6C:6?46 2?5 H:E9 AC24E:42= <?@H=6586 82:?65 7C@> D6==:?8 E@ 4FDE@>6CD 24C@DD D6G6C2= 4@F?EC:6D]k^Am
kAmqFE E96 >@DE :?E6C6DE:?8 E9:?8 :? E9:D DE@CJ >2J 36 9@H ?2EFC2==J E92E :?E6C?2E:@?2= 56G6=@A>6?E 92D @44FCC65] (92E 3682? :? E96 4@F?ECJ H96C6 {6G<@G:49 H2D 3@C? 92D 8C25F2==J >@G65 @FEH2C5 E@ z2K2<9DE2?[ pC>6?:2[ rJACFD 2?5 E96 &pt[ :?4=F5:?8 >2C<6ED DF49 2D p=>2EJ 2?5 sF32: H9:=6 E96 4=@E9:?8 :ED6=7 4@?E:?F6D E@ 36 AC@5F465 :? &<C2:?6]k^Am
kAmu@C |:2>: $H:> (66<[ DE@C:6D =:<6 E9:D :==FDEC2E6 H9J E96 :?E6C?2E:@?2= 72D9:@? =2?5D42A6 C6>2:?D 5J?2>:4] }6H 56D:8?6CD 42? 6>6C86 7C@> 2=>@DE 2?JH96C6[ FD6 E96 @?=:?6 >2C<6E E@ 7:?5 4FDE@>6CD 24C@DD 3@C56CD 2?5 5:D4@G6C E92E 2 56D:8? A9:=@D@A9J 56G6=@A65 7@C @?6 2F5:6?46 >2J C6D@?2E6 H:E9 H@>6? E9@FD2?5D @7 >:=6D 2H2J]k^Am
kAmpD |2C:?2 {6G<@G:49 AC6A2C6D E@ 6?E6C E96 p>6C:42? >2C<6E[ |:2>: $H:> (66< H:== 36 H2E49:?8 E9:D ?6IE DE286 @7 96C 24E:G6 56G6=@A>6?E 2?5 E96 3C@256C 6G@=FE:@? @7 &<C2:?:2? 72D9:@? 3FD:?6DD6D D66<:?8 2 A=246 :? E96 8=@32= 72D9:@? 4@?G6CD2E:@?]k^Am
k5:G DEJ=6lQ>2C8:?i dAI `_AI _ _j H:5E9i `e_AIj >2I\H:5E9i b_Tj 7=@2Ei =67EQmk^5:Gm
kAmkDEC@?8m|65:2 r@?E24Ek^DEC@?8mk^Am
kAm|:2>: $H:> H66<k^Am
kAmk^Am
kAmk2 9C67lQ9EEADi^^HHH]:DDF6H:C6]4@>^6>2:=\4@?E24E^`gfffgbdech_hd_`Q E2C86ElQ03=2?<Q C6=lQ?@7@==@H ?@@A6?6CQmYYYYYoDH:>>:2>:H66<]4@>k^2mk^Am
kAm$@FC46 i|:2>: $H:> (66<k^Am
kAm%9:D 2CE:4=6 H2D @C:8:?2==J AF3=:D965 3J xDDF6(:C6] #625 E96 k2 9C67lQ9EEADi^^HHH]:DDF6H:C6]4@>^>:2>:\DH:>\H66<\9:89=:89ED\F<C2:?:2?\56D:8?6C\>2C:?2\=6G<@G:49\2D\D96\AC6A2C6D\E@\6?E6C\E96\FD\>2C<6E\`gfffgbdech_hd_`Q E2C86ElQ03=2?<Q C6=lQ?@7@==@HQm@C:8:?2= 2CE:4=6 96C6]k^2mk^Am
kAmk:>8 96:89ElQ`Q H:5E9lQ`Q DEJ=6lQ3@C56C\DEJ=6i?@?6j 5:DA=2Ji?@?6jQ 2=ElQQ DC4lQ9EEADi^^HHH]:DDF6H:C6]4@>^9@>6^86Ex>8^aaa`edQ ^mk^Am

