storage.googleapis.com · 2019-11-11 · 7udlopdvwhu¶v 1rwhv 7rsvkdp 7udloulghuv 1hzvohwwhu 3djh...

4
7236+$0 75$,/5,'(56 1(:6/(77(5 2)),&(56 7RSVKDP 7UDLOULGHUV$796QRZPRELOH &OXE 32 %R[ 7RSVKDP 0( 3UHVLGHQW 'DQ 3DUOLQ - -- 9LFH 3UHVLGHQW 'DOH 5RZH - -- 7UHDVXUHU 7LP 0RRG\ -- 6HFUHWDU\ 0DUFLD %LFNIRUG -- 7UDLOPDVWHU - &KDUOLH 3DUNLQVRQ - -- $VVW 7UDLOPDVWHU - 7LP 'R\OH - -- $VVW 7UDLOPDVWHU -DPHV %HODQJHU - -- 1RWHV IURP RXU 3UHVLGHQW'DQ 3DUOLQ 92/80( ,668( KƵƌ ^ŽĐŝĂů EŝŐŚƚ ŝƐ ŚĞůĚ ŽŶ ƚŚĞ ƐĞĐŽŶĚ tĞĚŶĞƐĚĂLJ ŽĨ ĞĂĐŚ ŵŽŶƚŚ Ăƚ ϲϬϬƉŵ dŚŝƐ DŽŶƚŚ ;KĐƚͿ ϵƚŚ ŝƚ ǁŝůů ďĞ ŚĞůĚ Ăƚ ƚŚĞ dŽƉƐŚĂŵ &ĂŝƌŐƌŽƵŶĚ ĂĨĠ /ŶĐ Ăƚ ϰϵ dŽƉƐŚĂŵ &Ăŝƌ DĂůů ZŽĂĚ dŽƉƐŚĂŵ ŽŵĞ ĂŶĚ ĞŶũŽLJ Ă ŶŝŐŚƚ ŽŶ ƚŚĞ ƚŽǁŶ ǁŝƚŚ ĨĂŵŝůLJ ĂŶĚ ĨƌŝĞŶĚƐ ,QVLGH WKLV LVVXH 3UHVLGHQW 1RWHV &RPLQJ (YHQWV %XVLQHVV 6SRQVRUV - 7UDLOPDVWHUV 1RWHV &OXE 'LUHFWRUV %ULOODQW 0RWRUV 0DLQ 6WUHHW 7RSVKDP 0( 3KRQH- 7RSVKDP )DLU *URXQG &DIH 7RSVKDP )DLU 0DOO 5RDG 7RSVKDP 0DLQH 3KRQH-- :RRG\V 3HUIRUPDQFH &HQWHU 0RWRUF\FOHV-6QRZPRELOHV-$79V 7RSVKDP )DLU 0DOO 5RDG 7RSVKDP 0( 3KRQH - ,¶P LQ KRSHV WKLV ILQGV \RX DOO LQ JRRG KHDOWK DQG HQMR\LQJ WKLV IDOO ZHDWKHU 7KH FOXE KDV EHHQ EXV\ ZLWK MXVW ILQLVKLQJ RXU $QQXDO ³)HHG <RXU 1HLJKERU )RRG 'ULYH´ WKLV SDVW ZHHNHQG :H ZHUH DEOH WR FROOHFW OEV RI QRQ SHULVKDEOH IRRG DQG LQ &DVK WR EH GRQDWHG WR D ORFDO IRRG NLWFKHQ HYHQ ZLWK D ORZ WXUQ RXW , WKLQN WKLV ZLOO EH RXU ODVW RQH DV WKHUH MXVW LVQ¶W PXFK LQWHUHVW LQ WKLV HYHQW , EHOLHYH ZH ZLOO KDYH WR FRPH XS ZLWK DQRWKHU HYHQW WR VXSSRUW RXU FOXE RU DQRWKHU FOXE 7KH FRUH JURXS LQ RXU FOXE DUH DOZD\V WKHUH EXW VR PDQ\ MXVW GRQ¶W JHW LQYROYHG ,¶P DIUDLG IRU RXU IXWXUH DV D FOXE «EXW IRU QRZ , ZLOO NHHS SXVKLQJ XV DORQJ 2XU 2FWREHUIHVW &DOHQGDU LV DYDLODEOH WR SXUFKDVH QRZ XQWLO WKH ODVW GD\- 6HSW WK 2QO\ D WLFNHW *UHDW 3UL]HV -XVW FRQWDFW DQ\ RI WKH RIILFHUV RU JLYH PH D FDOO WR JHW D WLFNHW 2Q 2FW WK WKH DQQXDO 7RSVKDP 7UDLOULGHUV¶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ctober 2019 'DQ /LQGD 3DUOLQ :( $5( 21 7+( :(% :::7236+$075$,/5,'(56&20 2XU 7UHDVXUHU 7LP 0RRG\ &RXQWLQJ ZKDW ZH GRQ¶W KDYH IRU PRQH\V 12 025( 63(1',1*

Upload: others

Post on 11-Jul-2020

1 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: storage.googleapis.com · 2019-11-11 · 7udlopdvwhu¶v 1rwhv 7rsvkdp 7udloulghuv 1hzvohwwhu 3djh :hoo idoo kdv duulyhg wkh ohdyhv duh idoolqj dqg wkh zhdwkhu lv jhwwlqj froghu dqg

7 2 3 6 + $ 0 7 5 $ , / 5 , ' ( 5 6 1 ( : 6 / ( 7 7 ( 5

2)),&(56

7RSVKDP7UDLOULGHUV$796QRZPRELOH&OXE

32%R[ 7RSVKDP0(

3UHVLGHQW–'DQ3DUOLQ--- 9LFH3UHVLGHQW–'DOH5RZH--- 7UHDVXUHU–7LP0RRG\--

6HFUHWDU\–0DUFLD%LFNIRUG-- 7UDLOPDVWHU-&KDUOLH3DUNLQVRQ--- $VVW7UDLOPDVWHU-7LP'R\OH---

$VVW7UDLOPDVWHU-DPHV%HODQJHU---

1RWHVIURPRXU3UHVLGHQW—'DQ3DUOLQ

9 2 / 8 0 ( ,668(

KƵƌ^ŽĐŝĂůEŝŐŚƚŝƐŚĞůĚŽŶƚŚĞƐĞĐŽŶĚtĞĚŶĞƐĚĂLJŽĨĞĂĐŚŵŽŶƚŚĂƚϲϬϬƉŵdŚŝƐDŽŶƚŚ;KĐƚͿϵƚŚŝƚǁŝůůďĞŚĞůĚĂƚƚŚĞdŽƉƐŚĂŵ&ĂŝƌŐƌŽƵŶĚĂĨĠ/ŶĐĂƚϰϵdŽƉƐŚĂŵ&ĂŝƌDĂůůZŽĂĚdŽƉƐŚĂŵŽŵĞĂŶĚĞŶũŽLJĂŶŝŐŚƚŽŶƚŚĞƚŽǁŶǁŝƚŚĨĂŵŝůLJĂŶĚĨƌŝĞŶĚƐ

,QVLGHWKLVLVVXH

3UHVLGHQW1RWHV

&RPLQJ(YHQWV

%XVLQHVV6SRQVRUV -

7UDLOPDVWHUV1RWHV

&OXE'LUHFWRUV

%ULOODQW0RWRUV 0DLQ6WUHHW

7RSVKDP0( 3KRQH-

7RSVKDP)DLU*URXQG&DIH

7RSVKDP)DLU0DOO5RDG 7RSVKDP0DLQH 3KRQH--

:RRG\V3HUIRUPDQFH&HQWHU 0RWRUF\FOHV-6QRZPRELOHV-$79V

7RSVKDP)DLU0DOO5RDG 7RSVKDP0(

3KRQH-

,¶PLQKRSHVWKLVILQGV\RXDOOLQJRRGKHDOWKDQGHQMR\LQJWKLVIDOOZHDWKHU7KHFOXEKDVEHHQEXV\ZLWKMXVWILQLVKLQJRXU$QQXDO³)HHG<RXU1HLJKERU)RRG'ULYH´WKLVSDVWZHHNHQG:HZHUHDEOHWRFROOHFWOEVRIQRQSHULVKDEOHIRRGDQGLQ&DVKWREHGRQDWHGWRDORFDOIRRGNLWFKHQHYHQZLWKDORZWXUQRXW,WKLQNWKLVZLOOEHRXUODVWRQHDVWKHUHMXVWLVQ¶WPXFKLQWHUHVWLQWKLVHYHQW,EHOLHYHZHZLOOKDYHWRFRPHXSZLWKDQRWKHUHYHQWWRVXSSRUWRXUFOXERUDQRWKHUFOXE7KHFRUHJURXSLQRXUFOXEDUHDOZD\VWKHUHEXWVRPDQ\MXVWGRQ¶WJHWLQYROYHG,¶PDIUDLGIRURXUIXWXUHDVDFOXE«EXWIRUQRZ,ZLOONHHSSXVKLQJXVDORQJ

2XU2FWREHUIHVW&DOHQGDULVDYDLODEOHWRSXUFKDVHQRZXQWLOWKHODVWGD\-6HSWWK2QO\DWLFNHW*UHDW3UL]HV-XVWFRQWDFWDQ\RIWKHRIILFHUVRUJLYHPHDFDOOWRJHWDWLFNHW 2Q2FWWKWKHDQQXDO7RSVKDP7UDLOULGHUV¶/DQGRZQHUV$SSUHFLDWLRQ'LQQHUZLOOEHKHOGIURPSPWRSPDWWKH7RSVKDP)DLUJURXQGV([KLELWLRQ+DOO:HDOZD\VFRXOGXVHKHOSIRUWKLVHYHQLQJ:HZLOOEHGRLQJ%HDQ6XSSHUVDOVRLQ1RY-DQ)HEDQG0DUFKGXULQJWKH)DOODQG:LQWHU6HDVRQV

0\ODVWVXEMHFWLVRXUFOXEDQQXDO(OHFWLRQVZKLFKZLOOEHKHOGRQ2FWREHUWKDWRXUDQQXDOPHHWLQJDWSPDWWKH7RSVKDP)DLUJURXQGV,NQRZWKHUHLVVRPHWKDWMXVWVD\YRWHWKHVODWHEXWLWZRXOGEHQLFHWRVHHDJRRGWXUQRXWWRWDONDERXWRXUIXWXUHDQGVRPHQHZLGHDVEURXJKWWRWKHWDEOH&KDQJHLVJRRGPHPEHUV

3OHDVHUHVSHFWDOOODQGRZQHUVDQG'ULYH6DIHO\

'DQ

360\GDXJKWHU-HQQLIHU&RUH\LVGRLQJPXFKEHWWHUEXWKDVDORQJZD\VIRUKHUUHFRYHU\SOHDVHNHHSKHULQ\RXUWKRXJKWVDQGSUD\HUV

October 2019

'DQ/LQGD3DUOLQ

:($5(217+(:(% :::7236+$075$,/5,'(56&20

2XU7UHDVXUHU7LP0RRG\&RXQWLQJZKDWZHGRQ¶WKDYHIRUPRQH\V12025(63(1',1*

Page 2: storage.googleapis.com · 2019-11-11 · 7udlopdvwhu¶v 1rwhv 7rsvkdp 7udloulghuv 1hzvohwwhu 3djh :hoo idoo kdv duulyhg wkh ohdyhv duh idoolqj dqg wkh zhdwkhu lv jhwwlqj froghu dqg

3DJH 7RSVKDP7UDLOULGHUV1HZVOHWWHU

FDOOXV-

0DLQ6WUHHW /HZLVWRQ0(

%LUFK$YH7RSVKDP0DLQH JLEE\#PDLQHDXWRPDOOFRP ZZZPDLQHDXWRPDOOFRP3KRQH--

$79,1*612:02%,/,1*$'9(1785(67+,6<($5 7+(7236+$0

75$,/5,'(56&/8%0(0%(56:,//75<72683

3257

6(3WKŶŶƵĂůƉƉůĞZŝĚĞ ͼ,ŽƐƚĞĚďLJ /DNHV5HJLRQDWYFOXE

2&7WK5R[EXU\$795LGHUV)ROLDJH5LGH^ĂƚϭϬD ͼ 2FW7XUQHU7LPEHUODQG

+DOORZHHQ1LJKW5LGH

2FW6XQDW $0 āVW$QQX

DO5LYHUVLGH7UDLOULGHUV$79

3RNHU5LGH/LVERQ

2FWWK6RXWKHUQ5HJLRQ$790DLQH0HHWLQJ/LVERQKDUGFRUHFOXE ā /LVERQ

KdϮϳƚŚ&Ăůů&ŽůŝĂŐĞZŝĚĞ^ƵŶϵD ͼ KsZd,,/>>*$1*

2FW—7RSVKDP7UDLOULGHUV$QQXDO0HHWLQJ—(OHFWLRQRI2IILFHUV

,I\RXKDYHHYHQWV\RXZDQWRXUFOXEWRJHWLQYROYHGLQ

SOHDVHVHQGXVDPHVVDJHZLWKWKHGDWHDQGLQIRRQWKH

HYHQW

E

V

E

N

T

S

2

0

1

9

(9(1762)7+(3$670217+

:(1(('<283/($6(-2,1285&/8%25$127+(5$1'+(/386$7285(9(176$1'75$,/

0$,17$1&(662:(&$1.((3$//7+(6(75$,/6,128567$7(23(1)25<28

5(0,1'(5

,7´6+817,1*6($621$1'$/272)2856$1'27+(5&/8%675$,/6$5(86('%<+817(563/($6(:($525$1*(72%(6$)($/:$<65(63(&7/$1'2:1(56

Page 3: storage.googleapis.com · 2019-11-11 · 7udlopdvwhu¶v 1rwhv 7rsvkdp 7udloulghuv 1hzvohwwhu 3djh :hoo idoo kdv duulyhg wkh ohdyhv duh idoolqj dqg wkh zhdwkhu lv jhwwlqj froghu dqg

7UDLOPDVWHU¶V1RWHV 3DJH 7RSVKDP7UDLOULGHUV1HZVOHWWHU

:HOOIDOOKDVDUULYHGWKHOHDYHVDUHIDOOLQJDQGWKHZHDWKHULVJHWWLQJFROGHUDQGLW¶VZDUPDJDLQ6RJHW\RX¶UHULGLQJLQQRZEHIRUH0RWKHU1DWXUHEODQNHWVXVLQZKLWHDQGLWV612:02%,/(VHDVRQ$79VHDVRQLVIDVWFRPLQJWRDFORVHDQGLW¶VWLPHWRVWDUWSUHSSLQJIRUVQRZPRELOHVHDVRQ RQFHDJDLQ 3OHDVHQRWHWKHWUDLOVZLOOEHFORVLQJWR$79¶VDIWHUWKHILUVWODUJHVQRZIDOO 7KHWUDLOVZLOOEHFORVHGWRDOO$79VZLWKWKHH[FHSWLRQRIWUDFNHG$79¶VUHJLVWHUHGDVVQRZPRELOHVIRUVQRZPRELOHVHDVRQ3/($6(67$<,1)250('2)75$,/67$786%<)2//2:,1*8621)$&(%22.25&+(&.,1*287285:(%6,7(

+XQWLQJVHDVRQVWDUWVWKLVPRQWKVRUHPHPEHUWR VWD\DOHUWDQG ZHDURUDQJHZKHQLQWKHZRRGV

7KHSDUNLQJDUHDDFURVVIURPWKH+6EXVJDUDJHLVFXUUHQWO\FORVHGGXHWRFRQVWUXFWLRQ3OHDVHXVHWKHSDUNLQJDUHDGLUHFWO\DFURVV57(WRSDUN DQGXVHELNHSDWKIRUWUDLODFFHVV

3OHDVHVWD\RQHVWDEOLVKHGWUDLOV-LIQRWZHFRXOGORVHWKHXVHRIWKHWUDLOVDOOWRJHWKHU 3OHDVHXVH0DUNHG%ULGJHVWRFURVV:(7675($0RU0DUVKDUHDVRQWKHWUDLOV)DLOXUHWRGRVRZLOOUHVXOWLQVHFWLRQVRIWKHWUDLOEHLQJ&/26('SHUPDQHQWO\E\ODQGRZQHUV

$FFHVVWRDQGIURP/LVERQIDOOVRQWUDLO&LVQRWSRVVLEOHDQ\PRUHGXHWRDFORVHGJDWHRQWKHZDUGUG

2SHUDWLQJDQ$79LQZHWODQGVPDUVKHVULYHUVDQGVWUHDPVLVLOOHJDOLQ0DLQH

'LUWELNHVDQG879¶VRYHU´ZLGHDUHQRWDOORZHGRQ&033URSHUW\SHULRG7KLVLVD&03UXOHWKDWWKHFOXEKDVQRFRQWURORYHU 7KHIROORZLQJWUDLOVDUHRQ&03SURSHUW\$%5$&(75$&.&DQGIURP57WR57$Q\GLUWELNHRU879RYHU´FDXJKWRQWKHVHWUDLOVZLOOEHFKDUJHGZLWKFULPLQDOWUHVSDVV

/DQG2ZQHUVKDYHWKHULJKWWRVWLSXODWHZKDWFDQDQGFDQQRWEH RSHUDWHGRQWKHWUDLOVWKDWXVHWKHLUSURSHUW\,IWKHVHVWLSXODWLRQVDUHQRWIROORZHGWKHFOXEZLOOORVHWKHXVHRIWKDWODQGRZQHUVSURSHUW\,QGLYLGXDOVGDPDJLQJRUDEXVLQJWKHLUSURSHUW\ZLOOUHVXOWLQWKHORVVRIDOOWUDLOVIRUHYHU\RQH

3OHDVHVWD\RIIWKHWUDLOVGXULQJDQGMXVWDIWHUKHDY\UDLQV7KLVFXWVGRZQRQWKHGDPDJHWKDWKDVFRVWRXUFOXEDORWRIWLPHDQGPRQH\WRNHHSWKH/DQG2ZQHUVKDSS\3OHDVHULGHVDIHRXWWKHUHRQRURIIRXUWUDLOVIXQLVWREHKDGZLWKRXWJHWWLQJKXUW(QMR\WKHULGHWKLVVXPPHUDQGDOZD\VUHVSHFWWKHODQGWRZKLFK\RXULGHRQDQGWKHODQGRZQHUVZKLFKDOORZXVWRULGH

3HUPLVVLRQUHTXLUHG $SHUVRQPD\QRWRSHUDWHDQ$79RQWKHODQGRIDQRWKHUZLWKRXWWKHSHUPLVVLRQRIWKHODQGRZQHURUOHVVHH3HUPLVVLRQLVSUHVXPHGRQGHVLJQDWHGVWDWHDSSURYHG

$79WUDLOVRULQDUHDVRSHQWR$79VE\ODQGRZQHUSROLF\$ODQGRZQHUPD\OLPLWWKHXVHRIDGHVLJQDWHGVWDWH-DSSURYHG$79WUDLORQWKDWODQGRZQHUVSURSHUW\WKURXJKDJUHHPHQWVZLWKWKH6WDWHRUDQ$79FOXEWRDGGUHVVHQYLURQPHQWDOSXEOLFVDIHW\RUPDQDJHPHQWFRQFHUQV:ULWWHQSHUPLVVLRQRIWKHODQGRZQHURUOHVVHHLVUHTXLUHGRQFURSODQGRUSDVWXUHODQGRULQDQRUFKDUG$VXVHGLQWKLVVXEVHFWLRQ³FURSODQG´PHDQVDFUHDJHLQWLOODJHURWDWLRQODQGEHLQJFURSSHGDQGODQGLQEXVKIUXLWVDQG³SDVWXUHODQG´PHDQVDFUHDJHGHYRWHGWRWKHSURGXFWLRQRIIRUDJHSODQWVXVHGIRUDQLPDOSURGXFWLRQ

7KH6SHHGOLPLWLV03+RQWKH7UDLOEHKLQG-6WKLVLVWRKHOSWKHWUDLOVWDELOL]HGXHWRVRIWVRLO

7KH6SHHGOLPLWLV03+LQWKHSRZHUOLQHEHKLQGWKHUHKDEFRPSOH[ RQUWHLIWKLVVSHHGOLPLWLVQRWIROORZHGWKHWUDLOZLOOEHFORVHGSHUPDQHQWO\

7KH6SHHGOLPLWLQUHVLGHQWLDODUHDVOLNH%D\3DUNDQG7RSVKDP&URVVLQJLV03+WRKHOSNHHSGXVWDQGQRLVHWRDPLQLPXP

$OO$79WUDLOVDUHRSHUDWHGRQSULYDWHO\RZQHGODQGLQGLYLGXDOVGDPDJLQJRUDEXVLQJWKHLUSURSHUW\ZLOOUHVXOWLQWKHORVVRIDOO$79WUDLOVIRUHYHU\RQH

758&.6$1'&$56$5(127$//2:('21$79612:02%,/(75$,/6,17+(67$7(2)0$,1(:,7+287/$1'2:1(53(50,66,21

5(63(&7/$1'2:1(5¶6-67$<210$5.('75$,/6$1'21/<0$5.('75$,/6 $1'2%(<$//3267('6,*1686(,6$35,9,/(*(127$5,*+7

5,'($72:15,6.

:KLOHULGLQJSOHDVHZHDUSURSHUSURWHFWLYHHTXLSPHQWDQGNHHSVSHHGVDWDVDIHOHYHO5LGH6PDUW5LGH6DIH5LGH6REHU

$JDLQLI\RX¶UHRXWRQWKHWUDLOSOHDVHEULQJDSDLURIFOLSSHUVRUHYHQDVPDOOVDZWRKHOSFXWEDFNWKHQHZJURZWKIURPWKHWUDLO(YHU\VQLSKHOSV

$VVW7UDLOPDVWHU 7LP'R\OH --

7UDLOPDVWHU &KDUOLH3DUNLQVRQ

--

$OO$79WUDLOVLQ7RSVKDPDUHRSHQ

Page 4: storage.googleapis.com · 2019-11-11 · 7udlopdvwhu¶v 1rwhv 7rsvkdp 7udloulghuv 1hzvohwwhu 3djh :hoo idoo kdv duulyhg wkh ohdyhv duh idoolqj dqg wkh zhdwkhu lv jhwwlqj froghu dqg

7KHQH[W5HJXODUPHHWLQJZLOOEHWKH/$670RQGD\RIHDFKPRQWKDW7RSVKDP)DLU*URXQGV([KLELWLRQ+DOODWSP

%RDUGRI'LUHFWRUV

:LOOLDP%ULJKDP -

5DQG\%LFNIRUG -

5RQ'XPRQW -

7LPRWK\'R\OH -

5RFN\/HDJXH -

6WXGHQW5HSUHVHQWDWLYH

-DFRE%HODQJHU

7KH%RDUGRI'LUHFWRUVPHHWRQWKHUG0RQGD\ RIHDFKPRQWKDW30DW

WKH7RSVKDP)DLU*URXQGV

3KRQH-- (-PDLOLQIR#WRSVKDPWUDLOULGHUVFRP

$79612:02%,/(&/8%

7236+$075$,/5,'(561(:6/(77(5 7KDQNVWRRXU%XVLQHVV6SRQVRUV

$WODQWLF)HGHUDO&UHGLW8QLRQ

%UXQVZLFN

%ULOODQW0RWRUV

7RSVKDP

&HQWUDO0DLQH3RZHU6SRUWV

/HZLVWRQ

ZZZ0DLQH$XWR0DOOFRP

7RSVKDP

7RSVKDP)DLU*URXQG&DIp,QF

7RSVKDP

:RRG\¶V3HUIRUPDQFH&HQWHU

7RSVKDP

dŽƉƐŚĂŵdƌĂŝůƌŝĚĞƌƐ

WKŽdžϰϮϭ

dŽƉƐŚĂŵDĂŝŶĞϬϰϬϴϲ

127,&(

7KLV1HZVOHWWHULVWKHRIILFLDOSXEOLFDWLRQRIWKH7RSVKDP7UDLOULGHUV$796QRZPRELOH&OXE,QF:(0((7$730217+()2857+021'$<2)($&+0217+$77+(7236+$0)$,5(;+,%,7,21+$//2))(/0675((7,17236+$00$,1(

7+(0(0%(56+,3)(()25$)$0,/<,1',9,'8$/,6$<($57+$7,1&/8'(6$0(0%(56+,372$790$,1($1')25025(<28&$1$/62%(/21*7206$0$,1(612:02%,/($662&,$7,21

(',725-'DQLHO3DUOLQ

$667(',725-0DULH'HIRUJH