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ĐŽŵƵŶŝĐĂŵŽƐŶƵĞǀĂŵĞŶƚĞLJĞŶĞƐƚĂŽƉŽƌƚƵŶŝĚĂĚĐŽŶƚĂŐŝĂĚŽƐ
ĚĞŵƵĐŚĂĂůĞŐƌşĂLJĞŶƚƵƐŝĂƐŵŽƉŽƌƉĂƌƚĞĚĞůŽƐEdƐLJŽůĂďŽͲ
ƌĂĚŽƌĞƐƋƵĞŚĂŶƉĂƌƚŝĐŝƉĂĚŽĞŶĞůy/sEhEdZKE/KE>
WZKD/EdƐ͕ĚĞŶŽŵŝŶĂĚŽ͞WKZhEdZ:K/'EKz^K>/Z/K͘͟
ŽŵƉĂƌƚŝŵŽƐ͕ĞŶĞƐƚĂĞĚŝĐŝſŶ͕ůŽƚƌĂďĂũĂĚŽĞŶĞůĞŶĐƵĞŶƚƌŽ͕ůŽƐůŽŐƌŽƐŽďƚĞŶŝͲ
ĚŽƐ͕ůĂƐĂƉƌĞĐŝĂĐŝŽŶĞƐĚĞů ĞƋƵŝƉŽWZKD/EdƐ:ĂĠŶƐŽďƌĞ ƐƵƉĂƌƚŝĐŝƉĂĐŝſŶ͕ĂƐş
ĐŽŵŽƚĂŵďŝĠŶƵŶĂƌƚşĐƵůŽĞƐĐƌŝƚŽƉŽƌzEd,/'KE>^͕ĐŽŵƉĂŹĞƌĂĚĞŚŝͲ
ůĞ͕ƋƵŝĞŶŶŽƐĂĐŽŵƉĂŹŽĚƵƌĂŶƚĞĞůĞŶĐƵĞŶƚƌŽ͘
ŐƌĂĚĞĐĞŵŽƐ Ă ůĂƐ ŝŶƐƚŝƚƵĐŝŽŶĞƐ ƋƵĞ ŚĂŶ ŚĞĐŚŽ ƉŽƐŝďůĞ ůĂ ƌĞĂůŝnjĂĐŝſŶ ĚĞů ĞŶͲ
ĐƵĞŶƚƌŽ͕ ĐŽŵŽ K^K>/Z͕ Ă ƚƌĂǀĠƐ ĚĞů ƉƌŽLJĞĐƚŽ͗ ͞WZKD/EdƐ͗ ĞƐĚĞ ůĂ
ĞĐŽŶŽŵşĂƐŽůŝĚĂƌŝĂůŽƐEĂƚƐĂƉŽƌƚĂŶƉĂƌĂǀŝǀŝƌĐŽŶĚŝŐŶŝĚĂĚ͟
6H
ĚĞƐĂƌƌŽůůſĞŶůĂĐŝƵĚĂĚĚĞ>ŝŵĂ͕ĚĞůϯϬĚĞŵĂƌnjŽĂůϯĚĞĂďƌŝů͕ĐŽŶͲ
ƚĂŶĚŽ ĐŽŶ ůĂ ƉĂƌƚŝĐŝƉĂĐŝſŶ ĚĞ Ϯϴ EdƐ LJ ϭϬ ĐŽůĂďŽƌĂĚŽƌĞƐ͕ ƚŽĚŽƐ
ĞůůŽƐƌĞƉƌĞƐĞŶƚĂŶƚĞƐĚĞůŽƐWZKD/EdƐ͗WŝƵƌĂ͕:ĂĠŶ͕ƌĞƋƵŝƉĂ͕WƵŶŽ͕:ƵůŝĂĐĂLJ
ĚĞ ůŽƐ WZ WZKD/EdƐ &ŝůĂ ůƚĂ͕ /͘͘ ^ĂŶ :ŽƐĠ KďƌĞƌŽ͕ dWZK ^ĂŶ DĂƌƚşŶ ĚĞ
WŽƌƌĞƐ͕/͘͘W͘ŽůŝďƌşWƵŶŽ͘
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ĐŽůĂďŽƌĂĚŽƌĞƐ͕ĐŽŵŽƉƌŝŶĐŝƉĂůĞƐůŽŐƌŽƐƉŽĚĞŵŽƐĚĞƐƚĂĐĂƌůŽƐƐŝŐƵŝĞŶƚĞƐ͗
;^ĞŚĂůŽŐƌĂĚŽĐŽŶŽĐĞƌLJĞǀĂůƵĂƌůĂƐĚŝĨĞƌĞŶƚĞƐĂĐƚŝǀŝĚĂĚĞƐƌĞĂůŝnjĂĚĂƐĚĞƐͲ
ĚĞ ĐĂĚĂ WZKD/EdƐ LJ WZ WZKD/EdƐ͕ LJ ĐŽŵƉĂƌƚŝƌůĂƐ ĐŽŶ ůŽƐ ĚĞŵĄƐ
WZKD/EdƐ͘
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EdƐĞŶĐĂĚĂƵŶŽĚĞůŽƐWZKD/EdƐLJWZWZKD/EdƐ͘
;^Ğ ŚĂ ůŽŐƌĂĚŽ ŝĚĞŶƚŝĨŝĐĂƌ ůĂƐ ĨŽƌƚĂůĞnjĂƐ LJ ĚĞďŝůŝĚĂĚĞƐ ĚĞƐĚĞ ĐĂĚĂ WZKD/Ͳ
EdƐͬWZWZKD/EdƐLJƉŽĚĞƌƉůĂŶƚĞĂƌƐŽůƵĐŝŽŶĞƐƉĂƌĂĞůƚƌĂďĂũŽĂĚĞƐͲ
ĂƌƌŽůůĂƌĚƵƌĂŶƚĞĞƐƚĞĂŹŽ͘
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ƉŽĚĞƌŝĚĞŶƚŝĨŝĐĂƌĂůŐƵŶĂƐĂĐƚŝǀŝĚĂĚĞƐŚĂĐĞƌĞŵƉƌĞŶĚŝĚĂƐĚĞƐĚĞĞůWZKD/Ͳ
EdƐ͕ĂƐşŵŝƐŵŽƐĞŚĂŶĐŽŶƚĞŵƉůĂĚŽĞŶůŽƐĚŝĨĞƌĞŶƚĞƐƉůĂŶĞƐŽƉĞƌĂƚŝǀŽƐ
ĚĞůƉƌĞƐĞŶƚĞĂŹŽ͘
;^Ğ ŚĂ ůŽŐƌĂĚŽ ĐŽŵƉĂƌƚŝƌ ĐŽŶ ůŽƐ ƉĂƌƚŝĐŝƉĂŶƚĞƐ ůŽƐ ƌĞƐƵůƚĂĚŽƐ ĚĞ ůŽƐ ĞƐƚƵͲ
ĚŝŽƐĚĞŵĞƌĐĂĚŽĚĞƐĂƌƌŽůůĂĚŽƐĞŶĂůŐƵŶĂƐnjŽŶĂƐ͘
;^Ğ ŚĂ ůŽŐƌĂĚŽ ĞůĂďŽƌĂƌ ůŽƐ ƉůĂŶĞƐ ŽƉĞƌĂƚŝǀŽƐ ƉĂƌĂ Ğů ƉĞƌŝŽĚŽ Ăďƌŝů ϮϬϭϬ
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y/s ŶĐƵĞŶƚƌŽ EĂĐŝŽŶĂů
ĚĞ WZKD/EdƐ ŚĂ ƐŝĚŽ
ƉŽĚĞƌ ŝŶŝĐŝĂƌ Ğů ƵƌƐŽ
ĚĞ͗ '^d/ME WYhͲ
HK^ KͲE'K/K^ >K^EdƐ͘
WĂƌĂĞůůŽ ƐĞŚĂ ĞůĂďŽƌĂĚŽ ƵŶ ĐƌŽŶŽŐƌĂŵĂ Ğů
ŵŝƐŵŽƋƵĞŚĂƐŝĚŽĂƉƌŽďĂĚŽƉŽƌůŽƐWZKD/Ͳ
EdƐͬWZ WZKD/EdƐ͕ LJ ĞƐƚĂƌĞŵŽƐ ŝŶŝĐŝĂŶĚŽ
ůŽƐĐƵƌƐŽƐĂƉĂƌƚŝƌĚĞůĂƉƌŝŵĞƌĂƐĞŵĂŶĂĚĞŵĂͲ
LJŽ͘
ƐşŵŝƐŵŽƐĞŚĂŝŶĐůƵŝĚŽĂůŐƵŶŽƐƚĞŵĂƐ
ĚĞŶƚƌŽĚĞůĂĐĂƉĂĐŝƚĂĐŝſŶĐƵLJŽŽďũĞƚŝǀŽ
ĞƐ ƉŽĚĞƌ ĞŵƉƌĞŶĚĞƌ ĞĐŽͲŶĞŐŽĐŝŽƐ͕ ĞƐ ĚĞĐŝƌ
ƋƵĞĂƉŽƌƚĞŶĂůĐƵŝĚĂĚŽĚĞůŵĞĚŝŽĂŵďŝĞŶƚĞ͘
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