d, w > d/e z ^d hz ed€¦ · d, w > d/e z ^d hz ed kk
TRANSCRIPT
d,W>d/EZ^dhZEd KK</E'&KZD,Z/^dD^ϮϬϮϬ
ED Z^^ WK^dK zd/Dd>W,KEEhDZ
dK&/E/E'
$//&+5,670$6/81&+75$,16'(3$57)52052:6/(<6287+67$7,21$730
EKK&W>^ZYh/Z
h>d^^E/KZ/d/E^ ,/>ZE'ϱ-ϭϱzZ^ ůůĞƌŐŝĞƐ^ƉĞĐŝĂůŝĞƚƐŶLJŽƚŚĞƌƌĞƋƵŝƌĞŵĞŶƚƐ
;WůĞĂƐĞƐƚĂƚĞͿ
sŽƵĐŚĞƌƐ,ĞůĚEƵŵďĞƌŽĨĂŶĚsĂůƵĞ;ŝĨĂƉƉůŝĐĂďůĞͿ
dK^hZzKhZZ^Zsd/KE>>KK</E'^Z^h:ddKWK^/dK& άϯϬϬϬWZWZ^KE&KZ,Z/^dD^>hE,
;/ĨĨŽƌĂŶLJƌĞĂƐŽŶLJŽƵĂƌĞŶŽƚĂďůĞƚŽŐŝǀĞϳĚĂLJƐĐĂŶĐĞůůĂƟŽŶŶŽƟĐĞƚŚĞŶƚŚĞĚĞƉŽƐŝƚĨŽƌƚŚĞŶƵŵďĞƌŽĨƉĞŽƉůĞŬĞĚǁŝůůďĞĞŝƚŚĞƌĚĞďŝƚĞĚĨƌŽŵLJŽƵƌĐƌĞĚŝƚĚĞďŝƚĐĂƌĚŽƌƚŚĞĐŚĞƋƵĞǁŝůůďĞĐĂƐŚĞĚͿ
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3OHDVHFRPSOHWHDQGUHWXUQWKLVIRUPWR 3($.5$,/3/&0$7/2&.67$7,210$7/2&.'(5%<6+,5('(1$
7HOHSKRQH(PDLOSHDNUDLO#SHDNUDLOFRXN
d,W>d/EZ^dhZEd-DEh,K/^,Z/^dD^ϮϬϮϬ
ED Z^^ WK^dK zd/Dd>W,KEEhDZ
dK&/E/E'
WůĞĂƐĞĐŽŵƉůĞƚĞĂŶĚƌĞƚƵƌŶƚŚŝƐĨŽƌŵƚŽW<Z/>W>Dd>K<^dd/KEDd>K<Zz^,/ZϰϯE dĞůĞƉŚŽŶĞϬϭϲϮϵϱϴϬϯϴϭŵĂŝůƉĞĂŬƌĂŝůΛƉĞĂŬƌĂŝůĐŽƵŬ
^ƚĂƌƚĞƌƐ ĚƵůƚƐ^ĞŶŝŽƌƐŚŝůĚƌĞŶ EƵŵďĞƌƌĞƋƵŝƌĞĚ
ƵĐŬ>ŝǀĞƌWĂƌĨĂŝƚ ZĞĚŽŶŝŽŶŵĂƌŵĂůĂĚĞƚŽĂƐƚĞĚƐŽƵŐŚĚŽƵŐŚŵŝdžĞĚůĞĂĨ
ZŽĂƐƚĞĚWĞƉƉĞƌĂŶĚdŽŵĂƚŽ^ŽƵƉ
ŚŝůůĞĚŐůĂƐƐŽĨ&ƌƵŝƚ:ƵŝĐĞ;KƌĂŶŐĞWŝŶĞĂƉƉůĞƌĂŶďĞƌƌLJͿ;WůĞĂƐĞ^ƚĂƚĞͿ
DĂŝŶŽƵƌƐĞƐ ^ĞƌǀĞĚǁŝƚŚĂƐĞůĞĐƟŽŶŽĨDĂƌŬĞƚ'ƌĞĞŶƐ
ĚƵůƚƐ^ĞŶŝŽƌƐŚŝůĚƌĞŶ EƵŵďĞƌƌĞƋƵŝƌĞĚ
ZŽĂƐƚƌĞĂƐƚŽĨĞƌďLJƐŚŝƌĞdƵƌŬĞLJ ^ĞƌǀĞĚǁŝƚŚZŽĂƐƚWŽƚĂƚŽĞƐƌĂŶďĞƌƌLJ^ĂƵĐĞWŝŐƐŝŶůĂŶŬĞƚƐĂŶĚ'ƌĂǀLJ
WĂŶ&ƌŝĞĚ^ĂůŵŽŶ&ŝůůĞƚ tŚŝƚĞǁŝŶĞƐĂƵĐĞŶĞǁƉŽƚĂƚŽĞƐ
^ǁĞĞƚWŽƚĂƚŽŚŝĐŬƉĞĂΘ^ƉŝŶĂĐŚƵƌƌLJ ^ĞƌǀĞĚǁŝƚŚǁŝůĚƌŝĐĞ;sĞŐĞƚĂƌŝĂŶͿ
^ǁĞĞƚƐ &ŽůůŽǁĞĚďLJ,ŽƚDŝŶĐĞWŝĞƐĞƌǀĞĚǁŝƚŚdĞĂŽƌŽīĞĞ
ĚƵůƚƐ^ĞŶŝŽƌƐŚŝůĚƌĞŶ EƵŵďĞƌƌĞƋƵŝƌĞĚ
ŚƌŝƐƚŵĂƐWƵĚĚŝŶŐ tŝƚŚƌĂŶĚLJ^ĂƵĐĞ
>ĞŵŽŶdĂƌƚ ǁŝƚŚĐƌğŵĞĨƌĂŝĐŚĞΘƌĂƐƉďĞƌƌŝĞƐ
WƌŽĮƚĞƌŽůĞƐ ŚŽƵdžƉĂƐƚƌLJĮůůĞĚǁŝƚŚĐƌĞĂŵĚƌŝnjnjůĞĚǁŝƚŚĐŚŽĐŽůĂƚĞƐĂƵĐĞ
ůůĞƌŐŝĞƐ;WůĞĂƐĞƐƚĂƚĞͿ
^ƉĞĐŝĂůŝĞƚƐ;WůĞĂƐĞƐƚĂƚĞͿ
ŶLJŽƚŚĞƌƌĞƋƵŝƌĞŵĞŶƚƐ