MINNEAPOLIS — The most-played series in major college football history, the bitter border-state rivalry between Minnesota and Wisconsin, is punctuated each year with a postgame ritual by the winning team that could be described as jubilant yardwork.
kAm(96? E:>6 6IA:C6D $2EFC52J :? E96 `bdE9 65:E:@? @7 E96 v@A96CD\q2586CD 8CF586 >2E49[ 4FCC6?E=J 6G6? 2E eb\eb H:E9 6:89E E:6D[ E96 G:4E@CD H:== DAC:?E E@H2C5 !2F= qF?J2?VD pI6[ E2<6 EFC?D 9@:DE:?8 E96 D:I\7@@E D927E 23@G6 E96:C 9625D 2D E96J A2C256 :E 2C@F?5 E96 DE25:F>[ 2?5 2:> E96 9625 2E @?6 @7 E96 8@2= A@DED :? AC6E6?5:?8 E@ 49@A :E 5@H? =:<6 :EVD 2 8:2?E EC66 :? E96 ?@CE9 H@@5D] %96 2I6 92D 366? 2H2C565 2??F2==J D:?46 `hcg]k^Am
Wisconsin players hold up Paul Bunyan's Axe after winning 31-0 against Minnesota in a Nov. 25, 2017, NCAA college football game in Minneapolis.
Stacy Bengs, Associated PresskAm%96C6VD 92C5=J 2 C:496C — @C BF:C<:6C — EC25:E:@? :? 4@==686 7@@E32== E92? C:G2=CJ EC@A9:6D[ @?6 @7 E96 76H 6=6>6?ED @7 E96 82>6 E92E C6>2:?D E96 D2>6 :? E96 ?6H 6C2 @7 C6G6?F6 D92C:?8 2?5 E96 EC2?D76C A@CE2=] uC@> E96 D>2== D49@@=D E@ E96 A@H6C9@FD6 AC@8C2>D[ ?@E9:?8 42AEFC6D 2 DA@CED 72?VD 2EE6?E:@? BF:E6 =:<6 2 EC2G6=:?8 EC@A9J]k^Am
People are also reading…
- One person critically injured in Sunday crash involving bicycle in McDowell County
- Highway patrol: Juvenile killed in McDowell County wreck while driving electric bike
- Marion man charged with death by distribution in 22-year-old's 2025 overdose death
- ‘No kings’ rally in downtown Marion draws more than 275 people, organizers say
- McDowell County Emergency Services Director Will Kehler to retire
- McDowell County man charged with abuse of child, adults with special needs
- Firefighters battle blaze off Armstrong Creek Road in northern McDowell County
- No Kings protests will happen in area for a 3rd time this Saturday. See when and where
- Multiple departments responding to wildfire in Buck Creek section of McDowell County
- Marion man charged with murder Wednesday in 2024 death of 3-month-old daughter
- McDowell County women's powerlifter inducted into North Carolina hall of fame
- Old Fort mayor suddenly resigns from office, mayor pro tem appointed acting mayor
- Fire in Buck Creek section of McDowell still 175 acres Monday morning, 0% contained
- Property tax exemptions are available for qualifying property owners in McDowell County
- McDowell County alumni Dwayne Ledford went from high school football player to NFL coach
kAmQxEVD 2 H2J 7@C 2 4@>>F?:EJ — 46CE2:?=J E96 DEF56?ED[ 2=F>?:[ 72?D 2?5 724F=EJ[ 3FE 6G6? >@C6 42DF2= 72?D — E@ 86E C6GG65 FA 7@C 2 7@@E32== 82>6[Q D2:5 r9C:DE:2? p?56CD@?[ 2 &?:G6CD:EJ @7 $@FE9 r2C@=:?2 AC@76DD@C H9@D6 C6D62C49 7@4FD :D @? E96 9:DE@CJ @7 9:896C 65F42E:@?] Q%96C6 2C6 2 =@E @7 A6@A=6 H9@ >2J ?@E A2J 2EE6?E:@? E96 H9@=6 D62D@?[ 2?5 E96? E96 C:G2=CJ 82>6 4@>6D 2?5 E96JVC6 2 A2DD:@?2E6 72? 7@C @?6 $2EFC52J]Qk^Am
kAm{@?8E:>6 >6>36CD @7 E96 q:8 %6? 3@2DE A6C92AD E96 C:496DE 9:DE@CJ @7 E96D6 @?6\@7\2\<:?5 AC:K6D]k^Am
Michigan defensive tackle Quinton Washington (76) and cornerback Courtney Avery (11) celebrate with the Little Brown Jug trophy Oct. 5, 2013, after the team's win over Minnesota in an NCAA college football game in Ann Arbor, Mich.
Tony Ding, Associated PresskAm%96 {:EE=6 qC@H? yF8[ H9:49 :D ?6:E96C =:EE=6 ?@C 3C@H?[ 52E6D E@ E96 |:49:82?\|:??6D@E2 82>6 :? `h_b] (@=G6C:?6D 4@249 u:6=5:?8 *@DE[ @FE @7 762C E96 v@A96CD >:89E E2>A6C H:E9 E96:C H2E6C[ 925 2 DEF56?E >2?286C 3FJ 2 ;F8 7@C E96 E62>] p7E6C 2 3CFE2= DECF88=6 6?565 :? 2 E:6 2D |:??6D@E2 72?D DE@C>65 E96 7:6=5[ E96 4@?E2:?6C H2D =67E 369:?5] %96 v@A96CD 7@C>2==J C6EFC?65 :E 27E6C E96 (@=G6C:?6D H@? E96 ?6IE >66E:?8 :? `h_h]k^Am
kAm|:??6D@E2 72C65 36EE6C 2E E96 368:??:?8 H:E9 u=@J5 @7 #@D652=6[ 2 hg\A@F?5 3C@?K6 A:8 ?2>65 27E6C E96 DE2E6VD 8@G6C?@C :? `hbd H9@ DF886DE65 E96 EC@A9J E@ 9:D x@H2 4@F?E6CA2CE 2D 2 H2J E@ 566D42=2E6 E6?D:@? 36EH66? EH@ 72? 32D6D H:E9 566A C@@ED :? 72C>:?8]k^Am
Iowa defensive lineman Bryce Hawthorne (96) celebrates with the Floyd of Rosedale trophy Oct. 25 after an NCAA college football game against Minnesota in Iowa City, Iowa.
Charlie Neibergall, Associated PresskAmx?5:2?2 H:== 7246 !FC5F6 @? uC:52J 7@C E96 ~=5 ~2<6? qF4<6E[ 7@F?5 :? 5:DC6A2:C @? 2 =@42= 72C> :? `had H:E9 E96 36=:67 :E >:89E 92G6 366? FD65 3J r@?7656C2E6 D@=5:6CD :? E96 r:G:= (2C] x?5:2?2 2?5 |:49:82? $E2E6 4@>A6E65 D:?46 `hd_ 7@C E96 ~=5 qC2DD $A:EE@@?[ 2 C6=:4 7C@> E96 EC25:?8 A@DE 6C2 AFC492D65 2E 2? 2?E:BF6 D9@A 3J 2? |$& DEF56?E E@ 255 :?46?E:G6 E@ E96 82>6]k^Am
Indiana's Mike Katic celebrates with the Old Oaken Bucket after defeating Purdue in a Nov. 30, 2024, NCAA college football game in Bloomington, Ind.
Darron Cummings, Associated PresskAmx==:?@:D 2?5 ~9:@ $E2E6 A=2J65 7@C 2 46?EFCJ 7@C E96 x==:3F4< %C@A9J[ ?@H 2 H@@56? EFCE=6 27E6C 2? :==\72E65 2EE6>AE E@ 2H2C5 E96 C62= E9:?8 — 2 `e\A@F?5 D?2AA6C — E@ 2 DEF56?E D@4:6EJ @? E96 42>AFD @7 E96 H:??:?8 E62>] |:49:82? 2?5 |:49:82? $E2E6 7@F89E D:?46 `hdb 7@C 2??F2= @H?6CD9:A @7 E96 !2F= qF?J2? %C@A9J[ 2 7@FC\7@@E H@@56? DE2EF6 @7 E96 >JE9:42= =F>36C;24< 5@?2E65 3J E96 DE2E6VD 8@G6C?@C E@ >2C< |$&VD 6?ECJ :?E@ E96 4@?76C6?46]k^Am
kAmpD 7@@E32== 3642>6 E96 7C@?E\@7\E96\3C@49FC6 :>286 @7 2 4@==686 42>AFD[ E96 A@H6C @7 G:DF2=D 96=A65 >2<6 E96D6 EC@A9:6D =2DE:?8 =686?5D]k^Am
kAmQxEVD 2 E2?8:3=6 C6AC6D6?E2E:@? E92E H6 362E @FC C:G2=D[Q p?56CD@? D2:5] Q|2J36 H6 @?=J <66A :E 7@C 2 J62C 3642FD6 :EVD 2 EC2G6=:?8 EC@A9J[ 3FE ?6IE E:>6 H6VC6 8@:?8 324< E@ 86E :E :7 H6 5:5?VE H:? :E]Qk^Am
Texas punter Jack Bouwmeester (19) celebrates Oct. 11 with the Golden Hat after defeating Oklahoma in an NCAA college football game at the Cotton Bowl in Dallas.
Sara Diggins, Austin American-Statesmank9am`hE9\46?EFCJ 5C:?<H2C6k^9am
kAm%96 }rpp 46CE:7:65 E96 %6CC:E@C:2= rFA A=2J65 7@C 3J pC:K@?2 2?5 pC:K@?2 $E2E6 2D E96 @=56DE <?@H? C:G2=CJ EC@A9J[ 2H2C565 27E6C E96:C 7:CDE >66E:?8 :? `ghh] qFE E96C6VD 2 82A :? E96 9:DE@CJ @7 E96 D>2==[ D:=G6C\A=2E65 A:E496C] xE H2D >:DD:?8 7@C 564256D F?E:= :ED C65:D4@G6CJ :? 2 DE@C286 2C62 @7 2 49FC49 ?62C E96 p$& 42>AFD :? `hgb] %C2G6=:?8\EC@A9J 7@C>2=:EJ H2D 7:?2==J C6:?DE2E65 :? a__`]k^Am
UNLV pulls the Fremont Cannon trophy, awarded to the winner of the annual Battle of Nevada game, on the field after defeating Nevada in a Nov. 30, 2024, NCAA college football game in Las Vegas.
David Becker, Associated Pressk9amuC@> 2? 62C=:6C E:>6k^9am
kAmx7 E96C6VD @?6 C64FCC:?8 E96>6 2>@?8 C:G2=CJ EC@A9:6D[ :E :D C6=:4D 7C@> E96 AC6:?5FDEC:2= 286]k^Am
kAm}6G252 2?5 &}{' A=2J 7@C E96 uC6>@?E r2??@?[ 2 dcd\A@F?5 C6A=:42 @7 E96 42??@? E96 6IA=@C6C @7 E96 D2>6 ?2>6 232?5@?65 :? 2 D?@HDE@C> 5FC:?8 9:D EC6< E9C@F89 E96 DE2E6 :? `gcc]k^Am
kAm}@EC6 s2>6 2?5 &$r 92G6 E96 y6H6==65 $9:==6=289[ 2 H@@56? DJ>3@= @7 2 EC25:E:@?2= v26=:4 H2C 4=F3 E92E H2D 7:CDE AC6D6?E65 :? `hda] ~9[ 2?5 E96C6 2C6 2== <:?5D @7 36==D H2:E:?8 E@ 36 CF?8 3J 2 H:??:?8 E62> @FE E96C6] {@ED @7 36==D]k^Am
k9amu@F?5 :? 2 92C5H2C6 DE@C6k^9am
kAmr2=:7@C?:2 2?5 $E2?7@C5 A=2J 7@C 2? 2I6[ E@@[ 6I46AE E96:CD :D ;FDE E96 9625 >@F?E65 @? 2 A=2BF6[ 2? @7E\DE@=6? EC@A9J 2??F2==J 2H2C565 D:?46 `hbb] z6?EF4<J 2?5 %6??6DD66 32EE=6 7@C 2 366C 32CC6=]k^Am
TCU safety Bud Clark (21) celebrates Sept. 20 with the "iron skillet" after the team's win over SMU in an NCAA college football game in Fort Worth, Texas.
Tony Gutierrez, Associated Pressk9am(92EVD 7@C 3C62<72DEnk^9am
kAm(96? |:DD:DD:AA: 72?D DE@C>65 |:DD:DD:AA: $E2E6VD 7:6=5 27E6C 2 #636=D H:? :? `hae[ |$& DFAA@CE6CD 32=<65 2?5 3C2H=D 3C@<6 @FE] %@ 96=A C6DE@C6 5:8?:EJ E@ E96 C:G2=CJ E96 7@==@H:?8 J62C[ E96 DEF56?E 3@5:6D 7C@> 3@E9 D49@@=D :?EC@5F465 E96 v@=56? t88[ 2 8@=5\A=2E65 7@@E32== >@F?E65 @? 2 A656DE2=]k^Am
kAmu@CEF?2E6=J[ E96 688 ?6G6C 86ED E@@ 4=@D6 E@ E96 s2==2D\u@CE (@CE9 |6EC@A=6I :? %6I2D[ H96C6 $|& 2?5 %r& 92G6 A=2J65 7@C E96 xC@? $<:==6E D:?46 `hce] %96 C:G2=D 7C@> E96 567F?4E $@FE9H6DE r@?76C6?46 >6E `_c E:>6D :? ``_ J62CD[ 3FE ?@ 7FEFC6 82>6D H6C6 D4965F=65]k^Am
kAm%96 $=23 @7 q24@? :D D276=J 2H2J 7C@> E96 D<:==6E[ E@@]k^Am
kAm%92E H2D E96 7:CDE G6CD:@? @7 E96 |:??6D@E2\(:D4@?D:? 92C5H2C6[ 2 H@@56? D=23 E92E H6?E >:DD:?8 :? `hcb 27E6C E96 A=2??65 6I492?86 7@==@H:?8 2 v@A96CD G:4E@CJ ?6G6C E@@< A=246[ 7@C C62D@?D E92E 56A6?5 @? H9:49 D49@@= :D E6==:?8 E96 DE@CJ]k^Am
kAmp DF>>6C DE@C286 4=62?@FE AC@;64E :? |25:D@? :? `hhc EFC?65 FA E96 EC@A9J[ H9:49 (:D4@?D:? D:?46 <6AE @? 5:DA=2J] $@>69@H[ 2== E96 82>6 D4@C6D E9C@F89 `hf_ 2C6 :?D4C:365 @? :E 6G6? E9@F89 :E H2D DFAA@D65=J F?23=6 E@ 36 7@F?5 7@C 2== E9@D6 J62CD]k^Am
The 2024-2025 school year saw a growing number of students at campuses nationwide. Undergraduate enrollment was up by 3.2% in the spring of 2025, according to the National Student Clearinghouse Research Center. That increase is all the more noteworthy when you consider the current price tag for a college education—per the Education Data Initiative, the average cost of one year at a higher education institution clocks in at more than $38,000 in 2022-23. Still, college offers a valuable return on investment for many prospective students. An analysis from the Federal Reserve Bank of New York found that in recent years, college grads earned a median of $80,000 per year, while workers with only a high school diploma earned a median of $47,000 per year.
With this in mind, the return on investment may be more apparent at some schools than others. Stacker compiled a list of the best colleges in America using Niche's 2026 rankings. All four-year schools in Niche's database were considered. Niche ranks colleges using various factors, including academics, admissions, finances, and student life. You can check out the full methodology here.
kAm%96 =:DE :?4=F56D AF3=:4 2?5 AC:G2E6 :?DE:EFE:@?D[ 7C@> (6DE r@2DE C6D62C49 4@==686D E@ t2DE r@2DE =:36C2= 2CED D49@@=D] xE 2=D@ 4@?E2:?D 2 72:C D92C6 @7 DAC2H=:?8 DE2E6 D49@@=D 2?5 C6=:8:@?\46?EC:4 F?:G6CD:E:6D]k^Am
kAm%96D6 4@==686D @776C A:@?66C:?8 D4:6?46D[ 6?EC6AC6?6FCD9:A[ 2?5 6G6? 328A:A6 A6C7@C>2?46 AC@8C2>D] (9:=6 D@>6 >2J 36 36DE <?@H? 7@C 2E9=6E:4 249:6G6>6?ED[ >2?J 7@@E32== D49@@=D 2C6 >2<:?8 C2A:5 65F42E:@?2= 25G2?46>6?ED[ AC@5F4:?8 D6G6C2= #9@56D D49@=2CD 2?5 4@==23@C2E:?8 H:E9 E649 :?5FDECJ 8:2?ED] ~7 4@FCD6[ D@>6 92G6 4@@= A6C<D E92E 76H @E96CD 5@[ :?4=F5:?8 2? @?\42>AFD :46 4C62> 724E@CJ @C AC@I:>:EJ E@ E96 36249]k^Am
- Winston Tan // Shutterstock
Best colleges in America
Best colleges in America
kAm%96 a_ac\a_ad D49@@= J62C D2H 2 8C@H:?8 ?F>36C @7 DEF56?ED 2E 42>AFD6D ?2E:@?H:56] &?56C8C25F2E6 6?C@==>6?E H2D FA 3J b]aT :? E96 DAC:?8 @7 a_ad[ 244@C5:?8 E@ E96 k2 9C67lQ9EEADi^^?D4C6D62C4946?E6C]@C8^4FCC6?E\E6C>\6?C@==>6?E\6DE:>2E6D^Qm}2E:@?2= $EF56?E r=62C:?89@FD6 #6D62C49 r6?E6Ck^2m] %92E :?4C62D6 :D 2== E96 >@C6 ?@E6H@CE9J H96? J@F 4@?D:56C E96 4FCC6?E AC:46 E28 7@C 2 4@==686 65F42E:@?—A6C E96 k2 9C67lQ9EEADi^^65F42E:@?52E2]@C8^2G6C286\4@DE\@7\4@==686Qmt5F42E:@? s2E2 x?:E:2E:G6k^2m[ E96 2G6C286 4@DE @7 @?6 J62C 2E 2 9:896C 65F42E:@? :?DE:EFE:@? 4=@4<D :? 2E >@C6 E92? Sbg[___ :? a_aa\ab] $E:==[ 4@==686 @776CD 2 G2=F23=6 C6EFC? @? :?G6DE>6?E 7@C >2?J AC@DA64E:G6 DEF56?ED] p? 2?2=JD:D 7C@> E96 k2 9C67lQ9EEADi^^=:36CEJDEC66E64@?@>:4D]?6HJ@C<765]@C8^a_ad^_c^:D\4@==686\DE:==\H@CE9\:E^Qmu656C2= #6D6CG6 q2?< @7 }6H *@C<k^2m 7@F?5 E92E :? C646?E J62CD[ 4@==686 8C25D 62C?65 2 >65:2? @7 Sg_[___ A6C J62C[ H9:=6 H@C<6CD H:E9 @?=J 2 9:89 D49@@= 5:A=@>2 62C?65 2 >65:2? @7 Scf[___ A6C J62C]k^Am
kAm(:E9 E9:D :? >:?5[ E96 C6EFC? @? :?G6DE>6?E >2J 36 >@C6 2AA2C6?E 2E D@>6 D49@@=D E92? @E96CD] k2 9C67lQ9EEADi^^DE24<6C]4@>^DE@C:6DQm$E24<6Ck^2m 4@>A:=65 2 =:DE @7 E96 36DE 4@==686D :? p>6C:42 FD:?8 k2 9C67lQ9EEADi^^HHH]?:496]4@>^4@==686D^D62C49^36DE\4@==686D^Qm}:496VDk^2m a_ae C2?<:?8D] p== 7@FC\J62C D49@@=D :? }:496VD 52E232D6 H6C6 4@?D:56C65] }:496 C2?<D 4@==686D FD:?8 G2C:@FD 724E@CD[ :?4=F5:?8 24256>:4D[ 25>:DD:@?D[ 7:?2?46D[ 2?5 DEF56?E =:76] *@F 42? 4964< @FE E96 7F== >6E9@5@=@8J k2 9C67lQ9EEADi^^HHH]?:496]4@>^4@==686D^D62C49^E@A\AF3=:4\F?:G6CD:E:6D^Qm96C6k^2m]k^Am
kAm%96 =:DE :?4=F56D AF3=:4 2?5 AC:G2E6 :?DE:EFE:@?D[ 7C@> (6DE r@2DE C6D62C49 4@==686D E@ t2DE r@2DE =:36C2= 2CED D49@@=D] xE 2=D@ 4@?E2:?D 2 72:C D92C6 @7 DAC2H=:?8 DE2E6 D49@@=D 2?5 C6=:8:@?\46?EC:4 F?:G6CD:E:6D]k^Am
kAm%96D6 4@==686D @776C A:@?66C:?8 D4:6?46D[ 6?EC6AC6?6FCD9:A[ 2?5 6G6? 328A:A6 A6C7@C>2?46 AC@8C2>D] (9:=6 D@>6 >2J 36 36DE <?@H? 7@C 2E9=6E:4 249:6G6>6?ED[ >2?J 7@@E32== D49@@=D 2C6 >2<:?8 C2A:5 65F42E:@?2= 25G2?46>6?ED[ AC@5F4:?8 D6G6C2= #9@56D D49@=2CD 2?5 4@==23@C2E:?8 H:E9 E649 :?5FDECJ 8:2?ED] ~7 4@FCD6[ D@>6 92G6 4@@= A6C<D E92E 76H @E96CD 5@[ :?4=F5:?8 2? @?\42>AFD :46 4C62> 724E@CJ @C AC@I:>:EJ E@ E96 36249]k^Am
kAm(9:=6 E96 xGJ {628F6 :D 4@?D:56C65 E96 4C62> @7 E96 4C@A 7@C p>6C:42? 4@==686D[ E92EVD ?@E ?646DD2C:=J E96 42D6 H:E9 E9:D =:DE] z66A C625:?8 E@ D66 H9:49 D49@@= 8C23365 E96 R` DA@E]k^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^4C@AA65`36DE4@==686Dcb&vp`$%uA?80_0_0_]!}vQ 2=ElQ$EF56?ED H2=< E96 8C@F?5D @7 E96 &?:G6CD:EJ @7 v6@C8:2]Q E:E=6lQRd_] &?:G6CD:EJ @7 v6@C8:2Q DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?mqCJ2? !@==2C5 ^^ $9FEE6CDE@4<k^7:842AE:@?mk^7:8FC6m
k9amRd_] &?:G6CD:EJ @7 v6@C8:2k^9am
kAm\ {@42E:@?i pE96?D[ vpk^Am
kAm\ uF==\E:>6 F?56C8C25F2E6 6?C@==>6?Ei ah[fhhk^Am
kAm\ $EF56?E\E@\724F=EJ C2E:@i `bi`k^Am
kAm\ p446AE2?46 C2E6i bfTk^Am
kAm\ %JA:42= $p% C2?86i ``e_\`bh_k^Am
kAm\ pE9=6E:4 4@?76C6?46i $@FE962DE6C? r@?76C6?46 W$trXk^Am
kAm%96 &?:G6CD:EJ @7 v6@C8:2VD 3FD:?6DD D49@@= H2D E96 7:CDE @7 :ED <:?5 :? E96 $@FE9[ 2?5 :E C6>2:?D 2 E@A :?DE:EFE:@? :? E96 7:6=5] %96 r@==686 @7 t?G:C@?>6?E 2?5 s6D:8? 2=D@ 4@?D:DE6?E=J C2?<D 2>@?8 E96 ?2E:@?VD 36DE 2?5 4@?76CD 568C66D :? =2?5D42A6 2C49:E64EFC6[ 9:DE@C:4 AC6D6CG2E:@?[ FC32? A=2??:?8[ 2?5 6?G:C@?>6?E2= 56D:8?] x? 2E9=6E:4D[ &vp :D 2== 23@FE 7@@E32==]k^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^&@7|:2>:~ey&0_];A8Q 2=ElQ$92=2=2 $EF56?E r6?E6C =@@<:?8 @G6C {2<6 ~D46@=2 @? &?:G6CD:EJ @7 |:2>: 42>AFD]Q E:E=6lQRch] &?:G6CD:EJ @7 |:2>:Q DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?m!@A@G2 '2=6C:J2 ^^ $9FEE6CDE@4<k^7:842AE:@?mk^7:8FC6m
k9amRch] &?:G6CD:EJ @7 |:2>:k^9am
kAm\ {@42E:@?i r@C2= v23=6D[ u{k^Am
kAm\ uF==\E:>6 F?56C8C25F2E6 6?C@==>6?Ei `b[ad_k^Am
kAm\ $EF56?E\E@\724F=EJ C2E:@i gi`k^Am
kAm\ p446AE2?46 C2E6i `hTk^Am
kAm\ %JA:42= $p% C2?86i `bb_\`cf_k^Am
kAm\ pE9=6E:4 4@?76C6?46i pE=2?E:4 r@2DE r@?76C6?46 WprrXk^Am
kAms@?VE =6E E96 AC@I:>:EJ E@ $@FE9 q6249 2?5 DE@C:6D @7 A2CEJ:?8 7@@= J@Fj E96 &?:G6CD:EJ @7 |:2>: :D 2 =625:?8 46?E6C @7 24256>:4 DEF5J] |:2>: 92D E@A\7=:89E AC@8C2>D :? @462?@8C2A9J[ >65:4:?6[ 2?5 4=:>2E6 492?86] p?5 J6D[ E96 >2:? 42>AFD :? r@C2= v23=6D :D =@42E65 ?62C E96 36249]k^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^4C@AA65a36DE4@==686Dde&rq6C<'!#(A?80_0_0_]!}vQ 2=ElQp? 26C:2= G:6H @7 E96 42>AFD @7 E96 &?:G6CD:EJ @7 r2=:7@C?:2[ q6C<6=6J]Q E:E=6lQRcg] &?:G6CD:EJ @7 r2=:7@C?:2[ q6C<6=6JQ DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?mz6? (@=E6C ^^ $9FEE6CDE@4<k^7:842AE:@?mk^7:8FC6m
k9amRcg] &?:G6CD:EJ @7 r2=:7@C?:2[ q6C<6=6Jk^9am
kAm\ {@42E:@?i q6C<6=6J[ rpk^Am
kAm\ uF==\E:>6 F?56C8C25F2E6 6?C@==>6?Ei b`[dcgk^Am
kAm\ $EF56?E\E@\724F=EJ C2E:@i `ci`k^Am
kAm\ p446AE2?46 C2E6i `aTk^Am
kAm\ %JA:42= $p% C2?86i `b`_\`db_k^Am
kAm\ pE9=6E:4 4@?76C6?46i pE=2?E:4 r@2DE r@?76C6?46 WprrXk^Am
kAm~7E6? 4@?D:56C65 E96 k2 9C67lQ9EEADi^^G@:46D]36C<6=6J]65F^:?E6C?2E:@?2=^F4\36C<6=6J\E2<6D\`\AF3=:4\D49@@=\FD7@C\a_ad\a_aeQmE@A AF3=:4 F?:G6CD:EJ :? E96 4@F?ECJk^2m[ E96 &?:G6CD:EJ @7 r2=:7@C?:2[ q6C<6=6J 92D >2?J }@36= !C:K6 H:??6CD 2>@?8 :ED 2=F>?: 2?5 724F=EJ 2?5 92D AC@5F465 E96 >@DE !6246 r@CAD G@=F?E66CD—2=>@DE c[___] (:E9 >2?J :>A@CE2?E AC@;64ED 6>2?2E:?8 7C@> E96 $A246 $4:6?46D {23@C2E@CJ 2?5 2 9:DE@CJ @7 6?EC6AC6?6FCD9:A[ DEF56?ED @7E6? 364@>6 =6256CD :? E96:C 7:6=5D]k^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^FC32?2492>A2:8?_~b(];A8Q 2=ElQ$EF56?ED H2=< 2?5 D:E @FED:56 @? E96 BF25 2E E96 &?:G6CD:EJ @7 x==:?@:D 4@==686 42>AFD :? &C32?2 r92>A2:8?]Q E:E=6lQRcf] &?:G6CD:EJ @7 x==:?@:D[ &C32?2\r92>A2:8?Q DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?m{6:89 %C2:= ^^ $9FEE6CDE@4<k^7:842AE:@?mk^7:8FC6m
k9amRcf] &?:G6CD:EJ @7 x==:?@:D[ &C32?2\r92>A2:8?k^9am
kAm\ {@42E:@?i r92>A2:8?[ x{k^Am
kAm\ uF==\E:>6 F?56C8C25F2E6 6?C@==>6?Ei bc[cegk^Am
kAm\ $EF56?E\E@\724F=EJ C2E:@i `bi`k^Am
kAm\ p446AE2?46 C2E6i ccTk^Am
kAm\ %JA:42= $p% C2?86i `af_\`d`_k^Am
kAm\ pE9=6E:4 4@?76C6?46i q:8 %6? r@?76C6?46 Wq:8 %6?Xk^Am
kAm%96 &?:G6CD:EJ @7 x==:?@:D &C32?2\r92>A2:8? 4@F?ED 5@K6?D @7 }@36= 2?5 !F=:EK6C !C:K6 H:??6CD 2>@?8 :ED 2=F>?: 2?5 724F=EJ] %96 D49@@= @776CD @?6 @7 E96 =2C86DE AF3=:4 F?:G6CD:EJ =:3C2C:6D :? E96 H@C=5[ H:E9 >@C6 E92? `c >:==:@? G@=F>6D 2?5 ac >:==:@? @E96C :E6>D] xE :D 9:89=J C682C565 7@C :ED =625:?8 C6D62C49 :? E649?@=@8J[ 28C:4F=EFC6[ 2?5 8@G6C?>6?E A@=:4J]k^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^EF7EDF?:G6CD:EJ!q*#];A8Q 2=ElQp 3F:=5:?8 @? E96 %F7ED &?:G6CD:EJ 42>AFD H:E9 EH@ 6=64EC:4 3=F6 p5:C@?524< 492:CD :? 7C@?E @7 :E]Q E:E=6lQRce] %F7ED &?:G6CD:EJQ DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?m{2?6 %FC?6C ^^ %96 q@DE@? v=@36 G:2 v6EEJ x>286Dk^7:842AE:@?mk^7:8FC6m
k9amRce] %F7ED &?:G6CD:EJk^9am
kAm\ {@42E:@?i |657@C5[ |pk^Am
kAm\ uF==\E:>6 F?56C8C25F2E6 6?C@==>6?Ei e[egdk^Am
kAm\ $EF56?E\E@\724F=EJ C2E:@i ei`k^Am
kAm\ p446AE2?46 C2E6i `_Tk^Am
kAm\ %JA:42= $p% C2?86i `ce_\`dd_k^Am
kAm\ pE9=6E:4 4@?76C6?46i }6H t?8=2?5 $>2== r@==686 pE9=6E:4 r@?76C6?46k^Am
kAm%F7ED &?:G6CD:EJ DEF56?ED 92G6 2 G2C:6EJ @7 24E:G:E:6D 2E E96:C 5:DA@D2=[ :?4=F5:?8 H:E9 E96 v6@=@8:42= $@4:6EJ 2?5 A@AF=2C 2 42AA6==2 8C@FAD] xED 2CE 4@==64E:@? 762EFC6D H@C<D 7C@> !23=@ !:42DD@ 2?5 p?5J (2C9@=[ 2?5 E96 F?:G6CD:EJ 92D A2CE?6CD9:AD H:E9 w2CG2C5[ |x%[ 2?5 >@C6]k^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^4C@AA65a36DE4@==686Ddbq@DE@?r@==686g!#gA?80_0_0_]!}vQ 2=ElQp C65 D:8? 92?8D 7C@> 2? :C@? A@DE H:E9 E96 H@C5D q@DE@? r@==686]Q E:E=6lQRcd] q@DE@? r@==686Q DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?my2J *F2? ^^ $9FEE6CDE@4<k^7:842AE:@?mk^7:8FC6m
k9amRcd] q@DE@? r@==686k^9am
kAm\ {@42E:@?i r96DE?FE w:==[ |pk^Am
kAm\ uF==\E:>6 F?56C8C25F2E6 6?C@==>6?Ei h[edck^Am
kAm\ $EF56?E\E@\724F=EJ C2E:@i hi`k^Am
kAm\ p446AE2?46 C2E6i `eTk^Am
kAm\ %JA:42= $p% C2?86i `cb_\`dc_k^Am
kAm\ pE9=6E:4 4@?76C6?46i pE=2?E:4 r@2DE r@?76C6?46 WprrXk^Am
kAmq@DE@? r@==686 9@DED 2 72>@FD pCED u6DE:G2= 2D H6== 2D 2 A=6E9@C2 @7 52?46 4@>A6E:E:@?D] %96 r2CC@== $49@@= @7 |2?286>6?E :D 2 E@A 3FD:?6DD AC@8C2>[ 2?5 qr :D 2=D@ 2 E@A y6DF:E[ r2E9@=:4[ 2?5 =:36C2= 2CED :?DE:EFE:@?] u@F?565 :? `geb[ :E H2D E96 7:CDE D49@@= @7 9:896C 65F42E:@? E@ @A6C2E6 :? q@DE@?]k^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^4C@AA65a36DE4@==686Dedp>96CDEu`%#A?80_0_0_]!}vQ 2=ElQp DA:C6 7C@> p>96CDE r@==686 C:D6D 23@G6 72== 7@=:286]Q E:E=6lQRcc] p>96CDE r@==686Q DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?m|2C< *2C49@2? ^^ $9FEE6CDE@4<k^7:842AE:@?mk^7:8FC6m
k9amRcc] p>96CDE r@==686k^9am
kAm\ {@42E:@?i p>96CDE[ |pk^Am
kAm\ uF==\E:>6 F?56C8C25F2E6 6?C@==>6?Ei `[h`_k^Am
kAm\ $EF56?E\E@\724F=EJ C2E:@i fi`k^Am
kAm\ p446AE2?46 C2E6i `_Tk^Am
kAm\ %JA:42= $p% C2?86i `be_\`dd_k^Am
kAm\ pE9=6E:4 4@?76C6?46i }6H t?8=2?5 $>2== r@==686 pE9=6E:4 r@?76C6?46k^Am
kAmp>96CDE r@==686 :D C6A62E65=J C64@8?:K65 2D @?6 @7 E96 E@A =:36C2= 2CED D49@@=D :? E96 4@F?ECJ] $EF56?ED 42? E2<6 25G2?E286 @7 2? @A6? 4FCC:4F=F> H:E9 ?@ 4@C6 C6BF:C6>6?ED] p>96CDE :D 9@>6 E@ E96 q6?6D<: |FD6F> @7 }2EFC2= w:DE@CJ 2?5 2 d__\24C6 H:=5=:76 D2?4EF2CJ]k^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^4C@AA65a36DE4@==686Dec|:55=63FCJb|_%A?80_0_0_]!}vQ 2=ElQp5:C@?524< 492:CD 2?5 72== 7@=:286 @? E96 42>AFD @7 |:55=63FCJ r@==686]Q E:E=6lQRcb] |:55=63FCJ r@==686Q DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?m|2C82C6E q6CCJ ^^ $9FEE6CDE@4<k^7:842AE:@?mk^7:8FC6m
k9amRcb] |:55=63FCJ r@==686k^9am
kAm\ {@42E:@?i |:55=63FCJ[ '%k^Am
kAm\ uF==\E:>6 F?56C8C25F2E6 6?C@==>6?Ei a[ffgk^Am
kAm\ $EF56?E\E@\724F=EJ C2E:@i gi`k^Am
kAm\ p446AE2?46 C2E6i `_Tk^Am
kAm\ %JA:42= $p% C2?86i `cb_\`dd_k^Am
kAm\ pE9=6E:4 4@?76C6?46i }6H t?8=2?5 $>2== r@==686 pE9=6E:4 r@?76C6?46k^Am
kAm|:55=63FCJ r@==686 :D C64@8?:K65 7@C :ED 6?G:C@?>6?E2= DEF5:6D AC@8C2>[ H9:49 3682? :? `hed 2D E96 7:CDE @7 :ED <:?5 :? E96 &]$] %96 D49@@= 4@>>:EE65 E@ E2<:?8 24E:@? @? 4=:>2E6 492?86 H:E9 :ED t?6C8Ja_ag :?:E:2E:G6 E@ FD6 `__T C6?6H23=6 6?6C8J D@FC46D 3J E96 6?5 @7 E92E J62C] xE 2=D@ @H?D :ED @H? D<: 2C62[ E96 |:55=63FCJ $?@H3@H=]k^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^q2C?2C5r&{)`0_];A8Q 2=ElQ':6H @7 q2C?2C5 r@==686 >2:? 42>AFD H:E9 E96 |:=DE6:? r6?E6C 2?5 uFEE6C u:6=5]Q E:E=6lQRca] q2C?2C5 r@==686Q DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?mw6C6 }@H ^^ $9FEE6CDE@4<k^7:842AE:@?mk^7:8FC6m
k9amRca] q2C?2C5 r@==686k^9am
kAm\ {@42E:@?i }6H *@C<k^Am
kAm\ uF==\E:>6 F?56C8C25F2E6 6?C@==>6?Ei b[`gbk^Am
kAm\ $EF56?E\E@\724F=EJ C2E:@i `_i`k^Am
kAm\ p446AE2?46 C2E6i gTk^Am
kAm\ %JA:42= $p% C2?86i `cd_\`dd_k^Am
kAm\ pE9=6E:4 4@?76C6?46i xGJ {628F6k^Am
kAm{@42E65 24C@DD E96 DEC66E 7C@> r@=F>3:2 &?:G6CD:EJ[ q2C?2C5 r@==686 @776CD E96 D2>6 AC:G:=686D E@ :ED DEF56?ED] %96 q2C?2C5 r6?E6C 7@C #6D62C49 @? (@>6? 2?5 E96 pE96?2 u:=> u6DE:G2= 2C6 EH@ 46=63C2E65 C6D@FC46D @? 42>AFD] p 46?E6C 7@C E6249:?8 2?5 =62C?:?8[ H9:49 @A6?65 :? a_`g[ 92D 8:G6? E96 D49@@= :ED @H? 5:DE:?4E:G6 9F3]k^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^4C@AA65`36DE4@==686Dcd&%p#u~gA?80_0_0_]!}vQ 2=ElQ%96 |2:? qF:=5:?8[ <?@H? 4@==@BF:2==J 2D %96 %@H6C[ 2E E96 46?E6C @7 E96 &?:G6CD:EJ @7 %6I2D 2E pFDE:? 42>AFD]Q E:E=6lQRc`] &?:G6CD:EJ @7 %6I2D 2E pFDE:?Q DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?m7``A9@E@ ^^ $9FEE6CDE@4<k^7:842AE:@?mk^7:8FC6m
k9amRc`] &?:G6CD:EJ @7 %6I2D 2E pFDE:?k^9am
kAm\ {@42E:@?i pFDE:?[ %)k^Am
kAm\ uF==\E:>6 F?56C8C25F2E6 6?C@==>6?Ei bh[fgfk^Am
kAm\ $EF56?E\E@\724F=EJ C2E:@i `ci`k^Am
kAm\ p446AE2?46 C2E6i ahTk^Am
kAm\ %JA:42= $p% C2?86i `ab_\`ch_k^Am
kAm\ pE9=6E:4 4@?76C6?46i $@FE962DE6C? r@?76C6?46 W$trXk^Am
kAm&?:G6CD:EJ @7 %6I2D 2E pFDE:? DEF56?ED 42? E2<6 25G2?E286 @7 E96 |4s@?2=5 ~3D6CG2E@CJ[ @?6 @7 >2?J AC6DE:8:@FD 724:=:E:6D 2E E9:D DE2E6 D49@@=] %96 42>AFD 92D 2 H62=E9 @7 >FD6F>D[ 7C@> E96 {qy !C6D:56?E:2= {:3C2CJ E@ E96 q=2?E@? |FD6F> @7 pCE[ 2?5 J@F >:89E 6G6? 42E49 |2EE96H |4r@?2F896J 2E 2 {@?89@C?D 7@@E32== 82>6] ~FED:56 @7 42>AFD[ DEF56?ED 42? A2CE2<6 :? E96 42A:E2=VD 4F=EFC2= :?DE:EFE:@?D[ DF49 2D $@FE9 3J $@FE9H6DE 2?5 uC2?<=:? q2C364F6]k^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^4C@AA65a36DE4@==686Deh(:==:2>Dc&|fA?80_0_0_]!}vQ 2=ElQp? :GJ 4@G6C65 3F:=5:?8 @? E96 42>AFD @7 (:==:2>D r@==686]Q E:E=6lQRc_] (:==:2>D r@==686Q DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?mr@=:? s] *@F?8 ^^ $9FEE6CDE@4<k^7:842AE:@?mk^7:8FC6m
k9amRc_] (:==:2>D r@==686k^9am
kAm\ {@42E:@?i (:==:2>DE@H?[ |pk^Am
kAm\ uF==\E:>6 F?56C8C25F2E6 6?C@==>6?Ei a[_f_k^Am
kAm\ $EF56?E\E@\724F=EJ C2E:@i ei`k^Am
kAm\ p446AE2?46 C2E6i `_Tk^Am
kAm\ %JA:42= $p% C2?86i `cf_\`de_k^Am
kAm\ pE9=6E:4 4@?76C6?46i }6H t?8=2?5 $>2== r@==686 pE9=6E:4 r@?76C6?46k^Am
kAmuC2E6C?:E:6D ?@ =@?86C 6I:DE 2E (:==:2>D r@==686[ 3FE >@C6 E92? ` :? b DEF56?ED A2CE:4:A2E6 :? :?E6C4@==68:2E6 DA@CED] }62C=J 6G6CJ@?6 6?8286D :? 4=F3D @C 24E:G:E:6D[ 2?5 E96 D49@@= 92D 2? 6I4=FD:G6 AC@8C2> H:E9 E96 &?:G6CD:EJ @7 ~I7@C5] y2?F2CJ :D 565:42E65 E@ H:?E6C DEF5J[ H96? DEF56?ED AFCDF6 @?6 D:?8=6 DF3;64E @? 2 A2DD\72:= 32D:D[ 4@?5F4E C6D62C49[ =2?5 2? :?E6C?D9:A[ @C EC2G6=]k^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^4C@AA65a36DE4@==686Dda}@CE962DE6C?wz$vA?80_0_0_]!}vQ 2=ElQp 7C@?E2= G:6H @7 E96 }@CE962DE6C? &?:G6CD:EJ 42>AFD]Q E:E=6lQRbh] }@CE962DE6C? &?:G6CD:EJQ DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?m#:EF |2?@; y6E92?: ^^ $9FEE6CDE@4<k^7:842AE:@?mk^7:8FC6m
k9amRbh] }@CE962DE6C? &?:G6CD:EJk^9am
kAm\ {@42E:@?i q@DE@?k^Am
kAm\ uF==\E:>6 F?56C8C25F2E6 6?C@==>6?Ei `d[gdfk^Am
kAm\ $EF56?E\E@\724F=EJ C2E:@i gi`k^Am
kAm\ p446AE2?46 C2E6i eTk^Am
kAm\ %JA:42= $p% C2?86i `ce_\`dd_k^Am
kAm\ pE9=6E:4 4@?76C6?46i r@2DE2= pE9=6E:4 pDD@4:2E:@? WrppXk^Am
kAm}@CE962DE6C? &?:G6CD:EJ :D C68F=2C=J 4@?D:56C65 @?6 @7 E96 36DE 4@==686D 7@C 4@\@A 2?5 :?E6C?D9:A 6IA6C:6?46D] xE 92D `b 42>AFD6D :? E96 &]$][ r2?252[ 2?5 E96 &?:E65 z:?85@> 2?5 b[d__ 6>A=@J6C A2CE?6CD 2C@F?5 E96 H@C=5] u:6=5D @7 DEF5J :?4=F56 C@3@E:4D C6D62C49 2?5 496>:42= :>28:?8]k^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^4C@AA65`36DE4@==686Dcfq@DE@?&dx$~A?80_0_0_]!}vQ 2=ElQp q@DE@? &?:G6CD:EJ 7=28 7=:6D @? E96 8C@F?5D @7 E96 42>AFD]Q E:E=6lQRbg] q@DE@? &?:G6CD:EJQ DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?m(2?8<F? y:2 ^^ $9FEE6CDE@4<k^7:842AE:@?mk^7:8FC6m
k9amRbg] q@DE@? &?:G6CD:EJk^9am
kAm\ {@42E:@?i q@DE@?k^Am
kAm\ uF==\E:>6 F?56C8C25F2E6 6?C@==>6?Ei `f[ghhk^Am
kAm\ $EF56?E\E@\724F=EJ C2E:@i di`k^Am
kAm\ p446AE2?46 C2E6i ``Tk^Am
kAm\ %JA:42= $p% C2?86i `c__\`da_k^Am
kAm\ pE9=6E:4 4@?76C6?46i !2EC:@E {628F6 W!2EC:@EXk^Am
kAm{@42E65 :? @?6 @7 p>6C:42VD 3FD:6DE 4@==686 4:E:6D[ q@DE@? &?:G6CD:EJ @776CD 2 >:I @7 3:8 4:EJ 3F:=5:?8D 2?5 :?E:>2E6 3C@H?DE@?6D] xE DE2?5D @? 2446DD:3=6 65F42E:@? 2?5 AC:@C:E:K6D C6D62C49[ 2CE:DE:4 4C62E:@?[ 2?5 AC@76DD:@?2= AC24E:46] %96 D49@@= :D 2=D@ 9@>6 E@ E96 q@DE@? !=2JHC:89EDV %962EC6 2?5 62D:=J 2446DD:3=6 7C@> >@DE A2CED @7 E96 4:EJ 3J AF3=:4 EC2?DA@CE2E:@?]k^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^4C@AA65a36DE4@==686Ddc&}rqb!"A?80_0_0_]!}vQ 2=ElQp? 6IE6C:@C G:6H @7 r2CC@== w2== 2E E96 &?:G6CD:EJ @7 }@CE9 r2C@=:?2]Q E:E=6lQRbf] &?:G6CD:EJ @7 }@CE9 r2C@=:?2 2E r92A6= w:==Q DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?mqCJ2? !@==2C5 ^^ $9FEE6CDE@4<k^7:842AE:@?mk^7:8FC6m
k9amRbf] &?:G6CD:EJ @7 }@CE9 r2C@=:?2 2E r92A6= w:==k^9am
kAm\ {@42E:@?i r92A6= w:==[ }rk^Am
kAm\ uF==\E:>6 F?56C8C25F2E6 6?C@==>6?Ei `h[hbhk^Am
kAm\ $EF56?E\E@\724F=EJ C2E:@i hi`k^Am
kAm\ p446AE2?46 C2E6i `hTk^Am
kAm\ %JA:42= $p% C2?86i `bf_\`db_k^Am
kAm\ pE9=6E:4 4@?76C6?46i pE=2?E:4 r@2DE r@?76C6?46 WprrXk^Am
kAm%96 &?:G6CD:EJ @7 }@CE9 r2C@=:?2 2E r92A6= w:==VD >65:42= AC@8C2>D[ A2CE:4F=2C=J :? 56?E:DECJ 2?5 A92C>24J[ C646:G6 9:89 AC2:D6] %96 D49@@= AC:56D :ED6=7 @? E6249:?8[ C6D62C49[ 2?5 AF3=:4 D6CG:46 2D H6== 2D 42CCJ:?8 @? 2 DE@C:65 9:DE@CJ 2?5 EC25:E:@?j :E @A6?65 :? `fhd]k^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^4C@AA65a36DE4@==686De_$H2CE9>@C6gw|eA?80_0_0_]!}vQ 2=ElQ$E@?6 3F:=5:?8D @? E96 42>AFD @7 $H2CE9>@C6 r@==686]Q E:E=6lQRbe] $H2CE9>@C6 r@==686Q DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?m$A:C@G:6H x?4 ^^ $9FEE6CDE@4<k^7:842AE:@?mk^7:8FC6m
k9amRbe] $H2CE9>@C6 r@==686k^9am
kAm\ {@42E:@?i $H2CE9>@C6[ !pk^Am
kAm\ uF==\E:>6 F?56C8C25F2E6 6?C@==>6?Ei `[ec`k^Am
kAm\ $EF56?E\E@\724F=EJ C2E:@i ei`k^Am
kAm\ p446AE2?46 C2E6i fTk^Am
kAm\ %JA:42= $p% C2?86i `ce_\`de_k^Am
kAm\ pE9=6E:4 4@?76C6?46i r6?E6??:2= r@?76C6?46k^Am
kAm$H2CE9>@C6 r@==686 :D 9:89=J 4@>>:EE65 E@ :ED DFDE2:?23:=:EJ :?:E:2E:G6D[ H:E9 E96 8@2= @7 364@>:?8 2 K6C@\H2DE6 42>AFD 3J a_bd] %96 b__\24C6 $4@EE pC3@C6EF> :D 2 9:89=:89E @7 E96 bd_\24C6 8C@F?5D[ =@42E65 `` >:=6D 7C@> !9:=256=A9:2[ 2?5 E96 !62D=66 s632E6 $@4:6EJ :D 2>@?8 E96 A@AF=2C 6IEC24FCC:4F=2C @AE:@?D]k^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^s2G:5D@?r@==686d#p"0_];A8Q 2=ElQp? 6IE6C:@C G:6H @7 s2G:5D@? }@CE9 r2C@=:?2 4@==686 42>AFD]Q E:E=6lQRbd] s2G:5D@? r@==686Q DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?m>2C=:? 8@@5H:? ^^ $9FEE6CDE@4<k^7:842AE:@?mk^7:8FC6m
k9amRbd] s2G:5D@? r@==686k^9am
kAm\ {@42E:@?i s2G:5D@?[ }rk^Am
kAm\ uF==\E:>6 F?56C8C25F2E6 6?C@==>6?Ei `[h_ck^Am
kAm\ $EF56?E\E@\724F=EJ C2E:@i gi`k^Am
kAm\ p446AE2?46 C2E6i `cTk^Am
kAm\ %JA:42= $p% C2?86i `be_\`d`_k^Am
kAm\ pE9=6E:4 4@?76C6?46i pE=2?E:4 `_ r@?76C6?46 Wp\`_Xk^Am
kAms2G:5D@? r@==686[ ;FDE ?@CE9 @7 r92C=@EE6[ }@CE9 r2C@=:?2[ :D <?@H? 7@C :ED E:89E\<?:E 4@>>F?:EJ[ H9:49 4@>6D E@86E96C 7@C 6G6?ED :?4=F5:?8 7=:4<6C32==—2 G2C:2E:@? @7 E@F49 7@@E32== 4C62E65 @? 42>AFD :? `hd`] %96 u2C> E62496D DEF56?ED 23@FE DFDE2:?23=6 8C@HE9 2?5 AC@G:56D E96> H:E9 7C6D9 AC@5F46]k^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^4C@AA65a36DE4@==686Dd`}*&~`whA?80_0_0_]!}vQ 2=ElQ%96 2C4965 6?EC2?46 E@ }6H *@C< &?:G6CD:EJ $49@@= @7 {2H :? |2?92EE2?]Q E:E=6lQRbc] }6H *@C< &?:G6CD:EJQ DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?m=:EE=6?J$%~rz ^^ $9FEE6CDE@4<k^7:842AE:@?mk^7:8FC6m
k9amRbc] }6H *@C< &?:G6CD:EJk^9am
kAm\ {@42E:@?i }6H *@C<k^Am
kAm\ uF==\E:>6 F?56C8C25F2E6 6?C@==>6?Ei ag[ehak^Am
kAm\ $EF56?E\E@\724F=EJ C2E:@i bi`k^Am
kAm\ p446AE2?46 C2E6i hTk^Am
kAm\ %JA:42= $p% C2?86i `cg_\`df_k^Am
kAm\ pE9=6E:4 4@?76C6?46i &?:G6CD:EJ pE9=6E:4 pDD@4:2E:@?k^Am
kAm}6H *@C< &?:G6CD:EJ 92D >@C6 :?E6C?2E:@?2= DEF56?ED 2?5 E9@D6 DEF5J:?8 23C@25 E92? 2?J @E96C D49@@= :? p>6C:42] xE 5C2HD 4C62E:G6D 2?5 7:=>>2<6CD E@ :ED 49:4 42>AFD 46?E6C65 :? 9:DE@C:4 vC66?H:49 ':==286] %96 D49@@= @776CD 2 C2?86 @7 k2 9C67lQ9EEADi^^HHH]?JF]65F^23@FE^?6HD\AF3=:42E:@?D^?6HD^D6C:6D\2C49:G6^4@@=\4@FCD6\5:DA2E496D]9E>=QmF?:BF6 4@FCD6Dk^2m[ 7C@> :ED r6?E6C 7@C s:D23:=:EJ $EF5:6D E@ 4=2DD6D @? :?;FDE:46[ 5:D2DE6C ?FCD:?8[ 2?5 6>6C86?4J AC6A2C65?6DD[ 2?5 E96 }6H *@C< &?56C8C@F?5]k^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^t>@CJ&$#hw0_];A8Q 2=ElQr@?G@42E:@? 92== @? t>@CJ &?:G6CD:EJUR_bhjD pE=2?E2 42>AFD]Q E:E=6lQRbb] t>@CJ &?:G6CD:EJQ DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?mq@ $96? ^^ $9FEE6CDE@4<k^7:842AE:@?mk^7:8FC6m
k9amRbb] t>@CJ &?:G6CD:EJk^9am
kAm\ {@42E:@?i pE=2?E2k^Am
kAm\ uF==\E:>6 F?56C8C25F2E6 6?C@==>6?Ei f[aebk^Am
kAm\ $EF56?E\E@\724F=EJ C2E:@i ci`k^Am
kAm\ p446AE2?46 C2E6i ``Tk^Am
kAm\ %JA:42= $p% C2?86i `ce_\`dd_k^Am
kAm\ pE9=6E:4 4@?76C6?46i &?:G6CD:EJ pE9=6E:4 pDD@4:2E:@?k^Am
kAmt>@CJ &?:G6CD:EJ :D :?E6C?2E:@?2==J <?@H? 7@C :ED =:36C2= 2CED 4@==686D[ 8C25F2E6 2?5 AC@76DD:@?2= D49@@=D[ 2?5 24256>:4 962=E9 42C6 DJDE6>] %96 v@:KF6E2 qFD:?6DD $49@@= :D 4@?D:DE6?E=J C2?<65 2D @?6 @7 E96 ?2E:@?VD 36DE] %96 r2CE6C r6?E6C[ 4C62E65 3J 7@C>6C !C6D:56?E y:>>J r2CE6C[ @776CD :?E6C?D9:AD 2?5 =64EFC6D E9C@F89@FE E96 J62C]k^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^q@H5@:?r'tzh0_];A8Q 2=ElQp? 6IE6C:@C G:6H @7 E96 42>AFD @7 q@H5@:? r@==686]Q E:E=6lQRba] q@H5@:? r@==686Q DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?mt"#@J ^^ $9FEE6CDE@4<k^7:842AE:@?mk^7:8FC6m
k9amRba] q@H5@:? r@==686k^9am
kAm\ {@42E:@?i qCF?DH:4<[ |tk^Am
kAm\ uF==\E:>6 F?56C8C25F2E6 6?C@==>6?Ei `[gfbk^Am
kAm\ $EF56?E\E@\724F=EJ C2E:@i gi`k^Am
kAm\ p446AE2?46 C2E6i gTk^Am
kAm\ %JA:42= $p% C2?86i `cg_\`dd_k^Am
kAm\ pE9=6E:4 4@?76C6?46i }6H t?8=2?5 $>2== r@==686 pE9=6E:4 r@?76C6?46k^Am
kAmq@H5@:? r@==686 ECF>A6ED :ED 4@@A6C2E:G6 6?G:C@?>6?E H:E9 5@K6?D @7 2C62D @7 DEF5J] $EF56?ED 7@4FD @? 3C2:?DE@C>:?8 H:E9 724F=EJ[ H@C<:?8 :? E62>D[ 2?5 H6=4@>:?8 5:77:4F=E BF6DE:@?D] vC25F2E6D 2C6 7C6BF6?E=J 6>A=@J65 3J v@@8=6[ E96 &]$] 8@G6C?>6?E[ 7:?2?4:2= :?DE:EFE:@?D[ 2?5 9@DA:E2=D] p?@E96C A6C<i $p% D4@C6D 2C6 @AE:@?2= 7@C 25>:DD:@?]k^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^H2D9:?8E@?2?5=66)&#q];A8Q 2=ElQp 3C:4< A2E9H2J =625D E@ 2 C65 3F:=5:?8 H:E9 >2?J H:?5@HD 2?5 H9:E6 4@=F>?D @? E96 (2D9:?8E@? 2?5 {66 &?:G6CD:EJ 42>AFD] Q E:E=6lQRb`] (2D9:?8E@? 2?5 {66 &?:G6CD:EJQ DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?mzC:DE: q=@<9:? ^^ $9FEE6CDE@4<k^7:842AE:@?mk^7:8FC6m
k9amRb`] (2D9:?8E@? 2?5 {66 &?:G6CD:EJk^9am
kAm\ {@42E:@?i {6I:?8E@?[ 'pk^Am
kAm\ uF==\E:>6 F?56C8C25F2E6 6?C@==>6?Ei `[ggfk^Am
kAm\ $EF56?E\E@\724F=EJ C2E:@i fi`k^Am
kAm\ p446AE2?46 C2E6i `fTk^Am
kAm\ %JA:42= $p% C2?86i `c`_\`db_k^Am
kAm\ pE9=6E:4 4@?76C6?46i ~=5 s@>:?:@? pE9=6E:4 r@?76C6?46k^Am
kAm~?6 @7 (2D9:?8E@? 2?5 {66 &?:G6CD:EJVD 92==>2C<D :D :ED D>2== 4=2DD D:K6 2?5 2446DD E@ 724F=EJ] %96 D49@@=[ E96 ?:?E9\@=56DE :? E96 4@F?ECJ[ 52E6D E@ `fch 2?5 @776CD 2 D>2== 3FE @FEDE2?5:?8 =2H AC@8C2>] p55:E:@?2==J[ :E :D E96 @?=J =625:?8 =:36C2= 2CED 4@==686 :? E96 4@F?ECJ H:E9 2 k2 9C67lQ9EEADi^^HHH]H=F]65F^24256>:4D^RiOiE6IEl(Tae{Ta_:DTa_E96Ta_@?=JTa_E@ATa_=:36C2=Ta_2CEDTa_4@==686Ta_:?Ta_E96Ta_&?:E65Ta_$E2E6DTa_E@Ta_4=2:>Ta_2Ta_?2E:@?2==JTa_244C65:E65Ta_F?56C8C25F2E6Ta_3FD:?6DDTa_AC@8C2>]Qm?2E:@?2==J 244C65:E65 F?56C8C25F2E6 3FD:?6DD AC@8C2>k^2m E@@]k^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^4C@AA65`36DE4@==686Dce&u{@CrapbA?80_0_0_]!}vQ 2=ElQ%96 6IE6C:@C @7 2 >@56C? 3F:=5:?8 2E E96 &?:G6CD:EJ @7 u=@C:52]Q E:E=6lQRb_] &?:G6CD:EJ @7 u=@C:52Q DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?mqCJ2? !@==2C5 ^^ $9FEE6CDE@4<k^7:842AE:@?mk^7:8FC6m
k9amRb_] &?:G6CD:EJ @7 u=@C:52k^9am
kAm\ {@42E:@?i v2:?6DG:==6[ u{k^Am
kAm\ uF==\E:>6 F?56C8C25F2E6 6?C@==>6?Ei b`[df`k^Am
kAm\ $EF56?E\E@\724F=EJ C2E:@i `_i`k^Am
kAm\ p446AE2?46 C2E6i acTk^Am
kAm\ %JA:42= $p% C2?86i `b__\`cg_k^Am
kAm\ pE9=6E:4 4@?76C6?46i $@FE962DE6C? r@?76C6?46 W$trXk^Am
kAm%96 &?:G6CD:EJ @7 u=@C:52 9@DED E96 >@DE A@H6C7F= DFA6C4@>AFE6C @H?65 3J 2 4@==686 :? E96 4@F?ECJ[ 2?5 2== DEF56?ED 2C6 E2F89E 23@FE 2CE:7:4:2= :?E6==:86?46] p446=6C2E6 2E $:5 |2CE:? q:@E649 :D 2 3FD:?6DD :?4F32E@C 277:=:2E65 H:E9 E96 D49@@=[ 2?5 &u x??@G2E6 @776CD @E96C C6D62C49 2?5 :??@G2E:@?\@C:6?E65 AC@8C2>D]k^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^v6@C8:2%649}df|0_];A8Q 2=ElQ%649 %@H6C 2E E96 v6@C8:2 x?DE:EFE6 @7 %649?@=@8J :? pE=2?E2]Q E:E=6lQRah] v6@C8:2 x?DE:EFE6 @7 %649?@=@8JQ DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?m#@3 w2:?6C ^^ $9FEE6CDE@4<k^7:842AE:@?mk^7:8FC6m
k9amRah] v6@C8:2 x?DE:EFE6 @7 %649?@=@8Jk^9am
kAm\ {@42E:@?i pE=2?E2k^Am
kAm\ uF==\E:>6 F?56C8C25F2E6 6?C@==>6?Ei `f[`f`k^Am
kAm\ $EF56?E\E@\724F=EJ C2E:@i `bi`k^Am
kAm\ p446AE2?46 C2E6i `eTk^Am
kAm\ %JA:42= $p% C2?86i `bb_\`db_k^Am
kAm\ pE9=6E:4 4@?76C6?46i pE=2?E:4 r@2DE r@?76C6?46 WprrXk^Am
kAmr6?E6C65 :? pE=2?E2[ E96 v6@C8:2 x?DE:EFE6 @7 %649?@=@8J 92D 2 E@A\C2?<65 F?56C8C25F2E6 6?8:?66C:?8 AC@8C2>] xE AC@5F46D E96 >@DE H@>6? 2?5 F?56CC6AC6D6?E65 >:?@C:E:6D H:E9 6?8:?66C:?8 568C66D :? E96 ?2E:@?[ 2?5 E96 x?DE:EFE6 7@C #@3@E:4D 2?5 x?E6==:86?E |249:?6D 3C62<D 8C@F?5 :? 2FE@?@>J[ >65:42= C@3@E:4D 2?5 9F>2? 2F8>6?E2E:@?[ 2?5 4@==23@C2E:G6 C@3@E:4D]k^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^&@7':C8:?:2#c$%0_];A8Q 2=ElQp4256>:42= G:==286 2E E96 &?:G6CD:EJ @7 ':C8:?:2[ r92C=@EE6DG:==6]Q E:E=6lQRag] &?:G6CD:EJ @7 ':C8:?:2Q DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?m|6=:?52 u2HG6C ^^ $9FEE6CDE@4<k^7:842AE:@?mk^7:8FC6m
k9amRag] &?:G6CD:EJ @7 ':C8:?:2k^9am
kAm\ {@42E:@?i r92C=@EE6DG:==6[ 'pk^Am
kAm\ uF==\E:>6 F?56C8C25F2E6 6?C@==>6?Ei `e[gahk^Am
kAm\ $EF56?E\E@\724F=EJ C2E:@i fi`k^Am
kAm\ p446AE2?46 C2E6i `fTk^Am
kAm\ %JA:42= $p% C2?86i `c`_\`db_k^Am
kAm\ pE9=6E:4 4@?76C6?46i pE=2?E:4 r@2DE r@?76C6?46 WprrXk^Am
kAm%96 &?:G6CD:EJ @7 ':C8:?:2 :D 2 AF3=:4 D49@@= E92E 62C?D 9:89 >2C<D 7@C :ED 3FD:?6DD AC@8C2> 2?5 9@DA:E2=] %96 4@==686 6DE:>2E6D Sa]ha 3:==:@? :? C6D62C49 AC@A@D2= 24E:G:EJ :? a_ad[ H:E9 E96 s2E2 $4:6?46 x?DE:EFE6 2?5 q:@4@>A=6I:EJ x?DE:EFE6 2?5 x?:E:2E:G6 2?49@C:?8 E92E 2C62]k^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^&$raefc0_];A8Q 2=ElQ%96 t5H2C5 {] s@96?J yC] |6>@C:2= {:3C2CJ @? &?:G6CD:EJ @7 $@FE96C? r2=:7@C?:2 :? 5@H?E@H? {@D p?86=6D]Q E:E=6lQRaf] &?:G6CD:EJ @7 $@FE96C? r2=:7@C?:2Q DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?m(2?8<F? y:2 ^^ $9FEE6CDE@4<k^7:842AE:@?mk^7:8FC6m
k9amRaf] &?:G6CD:EJ @7 $@FE96C? r2=:7@C?:2k^9am
kAm\ {@42E:@?i {@D p?86=6Dk^Am
kAm\ uF==\E:>6 F?56C8C25F2E6 6?C@==>6?Ei a_[d_ak^Am
kAm\ $EF56?E\E@\724F=EJ C2E:@i fi`k^Am
kAm\ p446AE2?46 C2E6i `_Tk^Am
kAm\ %JA:42= $p% C2?86i `cc_\`dd_k^Am
kAm\ pE9=6E:4 4@?76C6?46i q:8 %6? r@?76C6?46 Wq:8 %6?Xk^Am
kAm{@42E65 :? D@FE9H6DE {@D p?86=6D[ E96 &?:G6CD:EJ @7 $@FE96C? r2=:7@C?:2 92D 2 ?6EH@C< @7 @G6C k2 9C67lQ9EEADi^^?6HD]FD4]65F^a_gfcd^FD4\2=F>?:\2DD@4:2E:@?\>2C<D\2\46?EFCJ\@7\46=63C2E:?8\E96\EC@;2?\72>:=J^Qmcg_[___ =:G:?8 2=F>?:k^2m 7@C >2<:?8 4@??64E:@?D :? w@==JH@@5 2?5 6=D6H96C6] v6@C86 {F42D 2?5 #@36CE +6>64<:D 2C6 ;FDE D@>6 @7 E96 5:C64E@CD E@ 2EE6?5 E96 $49@@= @7 r:?6>2E:4 pCED] %96 $A:C:E @7 %C@J >2C49:?8 32?5 :D @?6 @7 E96 36DE :? E96 ?2E:@?]k^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^!@>@?2rg{fz0_];A8Q 2=ElQ%96 9:DE@C:4 r2C?68:6 {:3C2CJ 2E !@>@?2 r@==686]Q E:E=6lQRae] !@>@?2 r@==686Q DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?m$2?5C2 u@JE ^^ $9FEE6CDE@4<k^7:842AE:@?mk^7:8FC6m
k9amRae] !@>@?2 r@==686k^9am
kAm\ {@42E:@?i r=2C6>@?E[ rpk^Am
kAm\ uF==\E:>6 F?56C8C25F2E6 6?C@==>6?Ei `[fbhk^Am
kAm\ $EF56?E\E@\724F=EJ C2E:@i fi`k^Am
kAm\ p446AE2?46 C2E6i fTk^Am
kAm\ %JA:42= $p% C2?86i `cg_\`de_k^Am
kAm\ pE9=6E:4 4@?76C6?46i $@FE96C? r2=:7@C?:2 x?E6C4@==68:2E6 pE9=6E:4 r@?76C6?46k^Am
kAms6DA:E6 :ED D>2== D:K6[ !@>@?2 r@==686—@?6 @7 7:G6 r=2C6>@?E r@==686D—92D >@C6 E92? ad_ 4=F3D 2?5 @C82?:K2E:@?D[ 2?5 hdT @7 DEF56?ED =:G6 @? 42>AFD 7@C 7@FC J62CD[ 4C62E:?8 2 E:89E\<?:E 2E>@DA96C6] }62C {@D p?86=6D :? 2 3F4@=:4 >@F?E2:? D6EE:?8[ DEF56?ED 6?;@J D<::?8 2?5 362496D[ :?4=F5:?8 E96 2??F2= $<:\q6249 s2J] %96 D49@@= 2=D@ 92D 2? 2CE >FD6F> 2?5 6:89E >FD:4 6?D6>3=6D]k^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^}@EC6s2>6&+$e#0_];A8Q 2=ElQp6C:2= G:6H @7 q2D:=:42 @7 E96 $24C65 w62CE 2?5 |2:? qF:=5:?8 2E E96 &?:G6CD:EJ @7 }@EC6 s2>6 42>AFD]Q E:E=6lQRad] &?:G6CD:EJ @7 }@EC6 s2>6Q DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?m&?:G6CD:EJ @7 r@==686 ^^ $9FEE6CDE@4<k^7:842AE:@?mk^7:8FC6m
k9amRad] &?:G6CD:EJ @7 }@EC6 s2>6k^9am
kAm\ {@42E:@?i }@EC6 s2>6[ x}k^Am
kAm\ uF==\E:>6 F?56C8C25F2E6 6?C@==>6?Ei g[geek^Am
kAm\ $EF56?E\E@\724F=EJ C2E:@i ei`k^Am
kAm\ p446AE2?46 C2E6i `aTk^Am
kAm\ %JA:42= $p% C2?86i `cc_\`dc_k^Am
kAm\ pE9=6E:4 4@?76C6?46i pE=2?E:4 r@2DE r@?76C6?46 WprrXk^Am
kAm%96 &?:G6CD:EJ @7 }@EC6 s2>6 4@>3:?6D r2E9@=:4 2?5 :?E6==64EF2= AFCDF:ED :? 2 =625:?8 D49@@= <?@H? 7@C :ED E96@=@8J 2?5 A9:=@D@A9J 56A2CE>6?ED] %96 4@==686 :D 2 E@A F?56C8C25F2E6 E6249:?8 :?DE:EFE:@? 2?5 C6D62C49 46?E6C[ 2?5 E96 #24=:? |FCA9J |FD6F> @7 pCE 2?5 E96 s6q2CE@=@ !6C7@C>:?8 pCED r6?E6C AC@G:56 :?D:89E7F= AC@8C2>>:?8] %96 42>AFD 2=D@ 92D >@C6 E92? e_ 492A6=D]k^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^4C@AA65a36DE4@==686Dg`y@9?Dw@Az(e)A?80_0_0_]!}vQ 2=ElQ|2D@? w2== @? E96 42>AFD @7 y@9?D w@A<:?D &?:G6CD:EJ]Q E:E=6lQRac] y@9?D w@A<:?D &?:G6CD:EJQ DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?my@? q:=@FD ^^ $9FEE6CDE@4<k^7:842AE:@?mk^7:8FC6m
k9amRac] y@9?D w@A<:?D &?:G6CD:EJk^9am
kAm\ {@42E:@?i q2=E:>@C6k^Am
kAm\ uF==\E:>6 F?56C8C25F2E6 6?C@==>6?Ei d[e_fk^Am
kAm\ $EF56?E\E@\724F=EJ C2E:@i `i`k^Am
kAm\ p446AE2?46 C2E6i gTk^Am
kAm\ %JA:42= $p% C2?86i `db_\`dg_k^Am
kAm\ pE9=6E:4 4@?76C6?46i r6?E6??:2= r@?76C6?46k^Am
kAmy@9?D w@A<:?D &?:G6CD:EJ :D @?6 @7 E96 AC66>:?6?E D49@@=D 7@C DEF5J:?8 >65:4:?6] u@C k2 9C67lQ9EEADi^^9F3];9F]65F^a_ac^_`^_d^?D7\9:896C\65F42E:@?\C6D62C49\DA6?5:?8\a_aaQmcd 4@?D64FE:G6 J62CDk^2m[ :E 92D =65 &]$] 4@==686D :? C6D62C49 2?5 56G6=@A>6?E DA6?5:?8[ 2?5 :E 4@F?ED ah }@36= !C:K6 H:??6CD 2>@?8 :ED 2DD@4:2E6D] %96 D49@@= 2=D@ CF?D AC@8C2>D :? 4@?;F?4E:@? H:E9 }p$p[ 2?5 E96 $AC:?8 u2:C :D @?6 @7 E96 =2C86DE DF49 82E96C:?8D :? E96 ?2E:@?]k^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^4C@AA65a36DE4@==686Debr=2C6>@?EytcbA?80_0_0_]!}vQ 2=ElQp DE@?6 D:8? 2E E96 6?EC2?46 E@ r=2C6>@?E |4z6??2 r@==686]Q E:E=6lQRab] r=2C6>@?E |4z6??2 r@==686Q DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?mq2C32C2 z2=37=6:D49 ^^ $9FEE6CDE@4<k^7:842AE:@?mk^7:8FC6m
k9amRab] r=2C6>@?E |4z6??2 r@==686k^9am
kAm\ {@42E:@?i r=2C6>@?E[ rpk^Am
kAm\ uF==\E:>6 F?56C8C25F2E6 6?C@==>6?Ei `[bffk^Am
kAm\ $EF56?E\E@\724F=EJ C2E:@i fi`k^Am
kAm\ p446AE2?46 C2E6i ``Tk^Am
kAm\ %JA:42= $p% C2?86i `cd_\`de_k^Am
kAm\ pE9=6E:4 4@?76C6?46i $@FE96C? r2=:7@C?:2 x?E6C4@==68:2E6 pE9=6E:4 r@?76C6?46k^Am
kAm{@42E65 b_ >:=6D 62DE @7 {@D p?86=6D[ r=2C6>@?E |4z6??2 r@==686[ 56DA:E6 6?4@>A2DD:?8 @?=J ` DBF2C6 >:=6[ 92D A=6?EJ @? 42>AFD E@ <66A DEF56?ED 3FDJ[ :?4=F5:?8 E96 pE96?26F>[ H9:49 9@DED 2 G2C:6EJ @7 DA62<6CD 7@FC ?:89ED 2 H66<] %9:D D>2== D49@@= 92D 4=@D6 DEF56?E\724F=EJ 3@?5D[ 2D 23@FE fdT @7 DEF56?ED 6?8286 :? C6D62C49 H:E9 724F=EJ]k^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^4C@AA65a36DE4@==686Dgg}@CE9H6DE6C?up#eA?80_0_0_]!}vQ 2=ElQp? 2C4965 6?ECJH2J E@ E96 }@CE9H6DE6C? &?:G6CD:EJ 42>AFD]Q E:E=6lQRaa] }@CE9H6DE6C? &?:G6CD:EJQ DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?mt"#@J ^^ $9FEE6CDE@4<k^7:842AE:@?mk^7:8FC6m
k9amRaa] }@CE9H6DE6C? &?:G6CD:EJk^9am
kAm\ {@42E:@?i tG2?DE@?[ x{k^Am
kAm\ uF==\E:>6 F?56C8C25F2E6 6?C@==>6?Ei h[_a_k^Am
kAm\ $EF56?E\E@\724F=EJ C2E:@i ci`k^Am
kAm\ p446AE2?46 C2E6i fTk^Am
kAm\ %JA:42= $p% C2?86i `ch_\`de_k^Am
kAm\ pE9=6E:4 4@?76C6?46i q:8 %6? r@?76C6?46 Wq:8 %6?Xk^Am
kAm}@CE9H6DE6C? &?:G6CD:EJVD ;@FC?2=:D> AC@8C2> 92D 2 46?EFCJ\=@?8 EC25:E:@? @7 AC@5F4:?8 BF2=:EJ C6A@CE6CD] %96 D49@@=VD 3FD:?6DD 2?5 >2E6C:2=D D4:6?46 2?5 6?8:?66C:?8 AC@8C2>D 2C6 2=D@ 9:89=J C682C565[ H9:=6 C6D62C49 C6>2:?D :ED 324<3@?6[ H:E9 Sa]e 3:==:@? :? C6G6?F6 7C@> A2E6?ED 2?5 :?E6==64EF2= AC@A6CEJ =:46?D:?8] {@42E65 @FED:56 @7 r9:428@[ }@CE9H6DE6C? 4@>3:?6D DF3FC32? EC2?BF:=:EJ H:E9 2 3:8\4:EJ 766=]k^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^4C@AA65a36DE4@==686Dgcr@C?6==fdbdA?80_0_0_]!}vQ 2=ElQp? 26C:2= G:6H @7 E96 r@C?6== &?:G6CD:EJ 42>AFD]Q E:E=6lQRa`] r@C?6== &?:G6CD:EJQ DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?m{6H:D {:F ^^ $9FEE6CDE@4<k^7:842AE:@?mk^7:8FC6m
k9amRa`] r@C?6== &?:G6CD:EJk^9am
kAm\ {@42E:@?i xE9242[ }*k^Am
kAm\ uF==\E:>6 F?56C8C25F2E6 6?C@==>6?Ei `d[ghhk^Am
kAm\ $EF56?E\E@\724F=EJ C2E:@i gi`k^Am
kAm\ p446AE2?46 C2E6i gTk^Am
kAm\ %JA:42= $p% C2?86i `cg_\`de_k^Am
kAm\ pE9=6E:4 4@?76C6?46i xGJ {628F6k^Am
kAmu@C 564256D[ r@C?6== &?:G6CD:EJ 92D 366? G:E2= E@ DA246 6IA=@C2E:@? E@ |2CD 2?5 25G2?46>6?ED :? 28C:4F=EFC6 2?5 72C>:?8] %9@F89 46?E6C65 :? xE9242[ r@C?6== 92D D6G6C2= 724:=:E:6D :? }6H *@C< r:EJ 2?5 EH@ AC@8C2>D @G6CD62D] v2E96C:?8D 2E :46 9@4<6J 82>6D 2C6 k2 9C67lQ9EEADi^^2=F>?:]4@C?6==]65F^4@C?6==:2?D^=J?29\72:E97F=^Qm7F== @7 EC25:E:@?Dk^2m[ 2?5 E96J 42? 36 7@==@H65 3J 2 EC:A E@ E96 r@C?6== s2:CJ 7@C :46 4C62>]k^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^4C@AA65a36DE4@==686Dfg&r{p+a(|A?80_0_0_]!}vQ 2=ElQtIE6C:@C @7 #@J46 w2== 3F:=5:?8 :? E96 42>AFD @7 &r{p]Q E:E=6lQRa_] &?:G6CD:EJ @7 r2=:7@C?:2[ {@D p?86=6DQ DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?m|:4926= v@C5@? ^^ $9FEE6CDE@4<k^7:842AE:@?mk^7:8FC6m
k9amRa_] &?:G6CD:EJ @7 r2=:7@C?:2[ {@D p?86=6Dk^9am
kAm\ {@42E:@?i {@D p?86=6Dk^Am
kAm\ uF==\E:>6 F?56C8C25F2E6 6?C@==>6?Ei ba[cfak^Am
kAm\ $EF56?E\E@\724F=EJ C2E:@i fi`k^Am
kAm\ p446AE2?46 C2E6i hTk^Am
kAm\ %JA:42= $p% C2?86i }@ 52E2 2G2:=23=6k^Am
kAm\ pE9=6E:4 4@?76C6?46i q:8 %6? r@?76C6?46 Wq:8 %6?Xk^Am
kAm%96 &?:G6CD:EJ @7 r2=:7@C?:2[ {@D p?86=6D[ @776CD >@C6 E92? `c_ >2;@CD 2?5 C646:G6D @G6C Sd]f 3:==:@? 7@C C6D62C49 2?5 AC@8C2> DFAA@CE] %96 k2 9C67lQ9EEADi^^25>:DD:@?]F4=2]65F^6IA=@C6^=@D\2?86=6DQmA6C764E=J D:EF2E65 42>AFDk^2m :D C68F=2C=J FD65 2D 2 7:=>:?8 =@42E:@? 2?5 9@DED D6G6C2= =2C86 82E96C:?8D E9C@F89@FE E96 J62C[ :?4=F5:?8 E96 y2KK#68826 u6DE:G2=] qCF:?D 2E9=6E:4 E62>D 92G6 H@? `ac ?2E:@?2= 492>A:@?D9:AD—E96 D64@?5\>@DE 2==\E:>6]k^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^4C@AA65a36DE4@==686Dfh&|:49)bc)A?80_0_0_]!}vQ 2=ElQp? 6IE6C:@C G:6H @7 2 42>AFD 3F:=5:?8 H:E9 3=F6 D<J 2?5 2 8C66? =2H?]Q E:E=6lQR`h] &?:G6CD:EJ @7 |:49:82?[ p?? pC3@CQ DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?m$}twx% !w~%~ ^^ $9FEE6CDE@4<k^7:842AE:@?mk^7:8FC6m
k9amR`h] &?:G6CD:EJ @7 |:49:82?[ p?? pC3@Ck^9am
kAm\ {@42E:@?i p?? pC3@C[ |xk^Am
kAm\ uF==\E:>6 F?56C8C25F2E6 6?C@==>6?Ei ba[bcdk^Am
kAm\ $EF56?E\E@\724F=EJ C2E:@i ci`k^Am
kAm\ p446AE2?46 C2E6i `gTk^Am
kAm\ %JA:42= $p% C2?86i `bd_\`db_k^Am
kAm\ pE9=6E:4 4@?76C6?46i q:8 %6? r@?76C6?46 Wq:8 %6?Xk^Am
kAmx? a_ab[ E96 &?:G6CD:EJ @7 |:49:82? AC@5F465 dg_ :?G6?E:@?D 2?5 ad 3FD:?6DD DE2CEFAD] &\| C68F=2C=J =2?5D 2>@?8 E96 D49@@=D H:E9 E96 >@DE C6D62C49 G@=F>6[ 92D 2 E@A 24256>:4 >65:42= 46?E6C 2?5 >F=E:A=6 C6?@H?65 8C25F2E6 AC@8C2>D[ 2?5 D4@C6D H6== :? 277@C523:=:EJ H:E9 :ED 7:?2?4:2= 2:5] |:49:82? $E25:F> :D E96 =2C86DE :? E96 4@F?ECJ H:E9 2 42A24:EJ @7 `_h[h_` 72?D]k^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^4C@AA65D9FEE6CDE@4<abcddgcg`b_"ft;A80_]y!tvQ 2=ElQvC25F2E:@? AC6A2C2E:@?D[ 7@=5:?8 492:CD D6E FA :? C@HD :? 7C@?E @7 2 C65 4FCE2:? H:E9 E96 H@C5D[ &?:G6CD:EJ @7 r9:428@[ 2?5 E96 F?:G6CD:EJUR_bhjD 4@2E @7 2C>D]Q E:E=6lQR`g] %96 &?:G6CD:EJ @7 r9:428@Q DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?mt"#@J ^^ $9FEE6CDE@4<k^7:842AE:@?mk^7:8FC6m
k9amR`g] %96 &?:G6CD:EJ @7 r9:428@k^9am
kAm\ {@42E:@?i r9:428@k^Am
kAm\ uF==\E:>6 F?56C8C25F2E6 6?C@==>6?Ei f[e`fk^Am
kAm\ $EF56?E\E@\724F=EJ C2E:@i bi`k^Am
kAm\ p446AE2?46 C2E6i dTk^Am
kAm\ %JA:42= $p% C2?86i `d`_\`df_k^Am
kAm\ pE9=6E:4 4@?76C6?46i |:5H6DE r@?76C6?46k^Am
kAm%96 &?:G6CD:EJ @7 r9:428@ 92D 366? :?DECF>6?E2= :? A:@?66C:?8 G2C:@FD 42?46C EC62E>6?ED[ 5:D4@G6C:?8 ?6H 5:?@D2FC DA64:6D[ 2?5 AC@A@D:?8 E96 6I:DE6?46 @7 3=24< 9@=6D] %96 D49@@= 9@DED uC2?< {=@J5 (C:89EVD #@3:6 w@FD6[ 2 }2E:@?2= w:DE@C:4 {2?5>2C< 2?5 A2CE @7 2 &}t$r~ (@C=5 w6C:E286 :?D4C:AE:@?] %96 D49@@= 2=D@ 92D 2 =@?8 EC25:E:@? @7 ?FCEFC:?8 DF446DD7F= :>AC@G 4@>65J EC@FA6D]k^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^4C@AA65a36DE4@==686Dff86@C86E@H?spg_A?80_0_0_]!}vQ 2=ElQ$EF56?ED 9625:?8 E@ 4=2DD @? E96 42>AFD @7 v6@C86E@H? &?:G6CD:EJ]Q E:E=6lQR`f] v6@C86E@H? &?:G6CD:EJQ DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?m$92C<D9@4< ^^ $9FEE6CDE@4<k^7:842AE:@?mk^7:8FC6m
k9amR`f] v6@C86E@H? &?:G6CD:EJk^9am
kAm\ {@42E:@?i (2D9:?8E@? srk^Am
kAm\ uF==\E:>6 F?56C8C25F2E6 6?C@==>6?Ei f[aa_k^Am
kAm\ $EF56?E\E@\724F=EJ C2E:@i ci`k^Am
kAm\ p446AE2?46 C2E6i `bTk^Am
kAm\ %JA:42= $p% C2?86i `bh_\`dd_k^Am
kAm\ pE9=6E:4 4@?76C6?46i q:8 t2DE r@?76C6?46 Wq:8 t2DEXk^Am
kAmv6@C86E@H? &?:G6CD:EJ[ E96 ?2E:@?VD @=56DE r2E9@=:4 2?5 y6DF:E F?:G6CD:EJ[ :D 9@>6 E@ E96 =2C86DE DEF56?E\CF? 3FD:?6DD :? E96 H@C=5[ %96 r@CA[ 2?5 E96 @=56DE 4@?E:?F@FD=J CF??:?8 DEF56?E E962E6C 8C@FA[ |2D< 2?5 q2F3=6] xED 3FD:?6DD D49@@= =2F?4965 E96 '6?EFC6 {23 7@C DEF56?ED E@ :?4F32E6 :562D 2?5 DE2CEFAD] {@42E65 :? (2D9:?8E@? s]r][ DEF56?ED 2C6 4@??64E65 E@ 2 36GJ @7 :?E6C?D9:A @AA@CEF?:E:6D H:E9 AC:G2E6 3FD:?6DD6D 2?5 =@42=[ DE2E6[ 2?5 7656C2= 8@G6C?>6?ED]k^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^w2CG6J|F55#wap0_];A8Q 2=ElQp? 6IE6C:@C G:6H @7 2? 24256>:4 3F:=5:?8 2E w2CG6J |F55 r@==686]Q E:E=6lQR`e] w2CG6J |F55 r@==686Q DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?my:>0qC@H?0!9@E@8C2A9J ^^ $9FEE6CDE@4<k^7:842AE:@?mk^7:8FC6m
k9amR`e] w2CG6J |F55 r@==686k^9am
kAm\ {@42E:@?i r=2C6>@?E[ rpk^Am
kAm\ uF==\E:>6 F?56C8C25F2E6 6?C@==>6?Ei h``k^Am
kAm\ $EF56?E\E@\724F=EJ C2E:@i gi`k^Am
kAm\ p446AE2?46 C2E6i `bTk^Am
kAm\ %JA:42= $p% C2?86i `cg_\`de_k^Am
kAm\ pE9=6E:4 4@?76C6?46i $@FE96C? r2=:7@C?:2 x?E6C4@==68:2E6 pE9=6E:4 r@?76C6?46k^Am
kAmw2CG6J |F55 r@==686 7@4FD6D @? 6?8:?66C:?8[ D4:6?46[ 2?5 >2E9[ @776C:?8 C62=\H@C=5 6IA6C:6?46 E9C@F89 :ED r=:?:4 !C@8C2>] $EF56?ED C68F=2C=J 6?8286 :? k2 9C67lQ9EEADi^^HHH]J@FEF36]4@>^H2E49nGl5eD;xut;p#gQm6=23@C2E6 AC2?<Dk^2m] $<: D=@A6D 2C6 =6DD E92? b_ >:?FE6D 2H2J[ 362496D 2C6 =6DD E92? 2? 9@FC 2H2J[ 2?5 E96 56D6CE :D h_ >:?FE6D 2H2J]k^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^4C@AA65a36DE4@==686Dg_r2C?68:6we*!A?80_0_0_]!}vQ 2=ElQp? 26C:2= G:6H @7 E96 r2C?68:6 |6==@? &?:G6CD:EJ 42>AFD]Q E:E=6lQR`d] r2C?68:6 |6==@? &?:G6CD:EJQ DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?my2J *F2? ^^ $9FEE6CDE@4<k^7:842AE:@?mk^7:8FC6m
k9amR`d] r2C?68:6 |6==@? &?:G6CD:EJk^9am
kAm\ {@42E:@?i !:EED3FC89k^Am
kAm\ uF==\E:>6 F?56C8C25F2E6 6?C@==>6?Ei f[`bbk^Am
kAm\ $EF56?E\E@\724F=EJ C2E:@i di`k^Am
kAm\ p446AE2?46 C2E6i ``Tk^Am
kAm\ %JA:42= $p% C2?86i `d__\`df_k^Am
kAm\ pE9=6E:4 4@?76C6?46i &?:G6CD:EJ pE9=6E:4 pDD@4:2E:@?k^Am
kAmr2C?68:6 |6==@? &?:G6CD:EJ DEF56?ED DEF5J E@A:4D :?4=F5:?8 3C2:? D4:6?46 2?5 5C:G6C=6DD G69:4=6D[ H:E9 E96 =2EE6C AFCDF:E 92G:?8 368F? 7@FC 564256D 28@] xE :D 4@>>@?=J C64@8?:K65 7@C :ED AC6>:6C 4@>AFE6C D4:6?46[ 3FD:?6DD[ 2?5 6?8:?66C:?8 AC@8C2>D 2?5 3@2DED 2 9:89=J C6DA64E65 5C2>2 AC@8C2>] xE :D @?6 @7 E96 @?=J D49@@=D E@ @776C 2 568C66 :? 328A:A6 A6C7@C>2?46]k^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^sF<6&duey0_];A8Q 2=ElQq6?;2>:? sF<6 DE2EF6 @? 42>AFD @7 sF<6 &?:G6CD:EJ]Q E:E=6lQR`c] sF<6 &?:G6CD:EJQ DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?my2J *F2? ^^ $9FEE6CDE@4<k^7:842AE:@?mk^7:8FC6m
k9amR`c] sF<6 &?:G6CD:EJk^9am
kAm\ {@42E:@?i sFC92>[ }rk^Am
kAm\ uF==\E:>6 F?56C8C25F2E6 6?C@==>6?Ei e[cfck^Am
kAm\ $EF56?E\E@\724F=EJ C2E:@i `i`k^Am
kAm\ p446AE2?46 C2E6i fTk^Am
kAm\ %JA:42= $p% C2?86i `d`_\`df_k^Am
kAm\ pE9=6E:4 4@?76C6?46i pE=2?E:4 r@2DE r@?76C6?46 WprrXk^Am
kAmsF<6 &?:G6CD:EJVD =2H 2?5 >65:42= D49@@=D C68F=2C=J C2?< ?62C E96 E@A @7 =:DED[ 2?5 E96 {6G:?6 $4:6?46 #6D62C49 r6?E6C—@?6 @7 E96 4@F?ECJVD =2C86DE D:?8=6\D:E6 :?E6C5:D4:A=:?2CJ C6D62C49 724:=:E:6D—:D :>AC6DD:G6 E@@] sF<6 &?:G6CD:EJ r92A6= :D 2 46?E6C 7@C 42>AFD 6G6?ED 2?5 C6=:8:@FD D6CG:46D[ 2?5 r2>6C@? x?5@@C $E25:F> @776CD 2 AC6>:6C DA@CE:?8 6?G:C@?>6?E]k^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^(2D9:?8E@?&$E{@F:D)}pe0_];A8Q 2=ElQ$F??J G:6H @7 E96 qC@@<:?8D w2== @7 (2D9:?8E@? &?:G6CD:EJ :? $E] {@F:D]Q E:E=6lQR`b] (2D9:?8E@? &?:G6CD:EJ :? $E] {@F:DQ DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?mz:E {6@?8 ^^ $9FEE6CDE@4<k^7:842AE:@?mk^7:8FC6m
k9amR`b] (2D9:?8E@? &?:G6CD:EJ :? $E] {@F:Dk^9am
kAm\ {@42E:@?i $E] {@F:Dk^Am
kAm\ uF==\E:>6 F?56C8C25F2E6 6?C@==>6?Ei f[dbck^Am
kAm\ $EF56?E\E@\724F=EJ C2E:@i ci`k^Am
kAm\ p446AE2?46 C2E6i `aTk^Am
kAm\ %JA:42= $p% C2?86i `d__\`df_k^Am
kAm\ pE9=6E:4 4@?76C6?46i r@==686 r@?76C6?46 @7 x==:?@:D 2?5 (:D4@?D:?k^Am
kAm$EF56?ED 2E (2D9:?8E@? &?:G6CD:EJ :? $E] {@F:D 4@>6 7C@> @G6C ``_ 4@F?EC:6D[ 2?5 g :? `_ F?56C8C25F2E6D AFCDF6 >F=E:A=6 >2;@CD @C >:?@CD] (2D9& C646:G65 Shfg >:==:@? :? DA@?D@C65 DFAA@CE :? a_ab 7@C >65:42=[ 6?G:C@?>6?E2= 2?5 6?6C8J[ :??@G2E:@? 2?5 6?EC6AC6?6FC:2=[ A=2?E D4:6?46[ 2?5 @E96C C6D62C49] %96 F?:G6CD:EJ 2=D@ 92D ?:?6 =:3C2C:6D 2?5 :ED @H? 2CE >FD6F>]k^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^4C@AA65a36DE4@==686Dha&!6??cth&A?80_0_0_]!}vQ 2=ElQ%96 u:D96C w2DD6?76=5 r@==686 w@FD6 @? E96 42>AFD @7 E96 &?:G6CD:EJ @7 !6??DJ=G2?:2 2D D66? 7C@> 24C@DD E96 DEC66E]]Q E:E=6lQR`a] &?:G6CD:EJ @7 !6??DJ=G2?:2Q DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?m7``A9@E@ ^^ $9FEE6CDE@4<k^7:842AE:@?mk^7:8FC6m
k9amR`a] &?:G6CD:EJ @7 !6??DJ=G2?:2k^9am
kAm\ {@42E:@?i !9:=256=A9:2k^Am
kAm\ uF==\E:>6 F?56C8C25F2E6 6?C@==>6?Ei `_[e`_k^Am
kAm\ $EF56?E\E@\724F=EJ C2E:@i di`k^Am
kAm\ p446AE2?46 C2E6i eTk^Am
kAm\ %JA:42= $p% C2?86i `d__\`df_k^Am
kAm\ pE9=6E:4 4@?76C6?46i xGJ {628F6k^Am
kAm#6D62C496CD 2E E96 &?:G6CD:EJ @7 !6??DJ=G2?:2—:?4=F5:?8 >@C6 E92? d[___ 724F=EJ 2E `hd 46?E6CD 2?5 :?DE:EFE6D—92G6 2 3F586E @7 S`]bf 3:==:@? :? a_ac[ 7@4FD:?8 @? >65:4:?6[ E649?@=@8J[ 3FD:?6DD[ 2?5 D4:6?46] !6?? H2D 7@F?565 :? `fc_ 2?5 92D 7@FC F?56C8C25F2E6 2?5 `a 8C25F2E6 D49@@=D[ :?4=F5:?8 E96 5:DE:?8F:D965 (92CE@? $49@@=] xED 2CED 2?5 4F=EFC6 2?5 !9:==J 2EEC24E:@?D 2C6 ?62C=J =:>:E=6DD[ 2?5 E96?[ @7 4@FCD6[ E96C6VD k2 9C67lQ9EEADi^^724:=:E:6D]FA6??]65F^>2AD^5:D4@G6C\A6??^36?\36?49QmQq6? @? E96 q6?49]Qk^2mk^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^4C@AA65a36DE4@==686DhbqC@H?`cs!A?80_0_0_]!}vQ 2=ElQ$E6AD =625 FA E@ 2 3F:=5:?8 @? E96 qC@H? &?:G6CD:EJ 42>AFD]Q E:E=6lQR``] qC@H? &?:G6CD:EJQ DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?my@? q:=@FD ^^ $9FEE6CDE@4<k^7:842AE:@?mk^7:8FC6m
k9amR``] qC@H? &?:G6CD:EJk^9am
kAm\ {@42E:@?i !C@G:56?46[ #xk^Am
kAm\ uF==\E:>6 F?56C8C25F2E6 6?C@==>6?Ei f[aa_k^Am
kAm\ $EF56?E\E@\724F=EJ C2E:@i fi`k^Am
kAm\ p446AE2?46 C2E6i dTk^Am
kAm\ %JA:42= $p% C2?86i `d__\`df_k^Am
kAm\ pE9=6E:4 4@?76C6?46i xGJ {628F6k^Am
kAmqC@H? &?:G6CD:EJ :D H6== <?@H? 7@C :ED @A6? 4FCC:4F=F>[ H9:49 6?4@FC286D 4C62E:G6 E9:?<6CD[ :?E6==64EF2= C:D<\E2<6CD[ 2?5 6?EC6AC6?6FC:2= AC@3=6>\D@=G6CD] %96 r2C?6J x?DE:EFE6 7@C qC2:? $4:6?46 2?5 E96 x?DE:EFE6 2E qC@H? 7@C t?G:C@?>6?E 2?5 $@4:6EJ AC@G:56 F?:BF6 A6CDA64E:G6D @? :>A@CE2?E 7:6=5D @7 DEF5J] %96 F?:G6CD:EJ G2=F6D :ED C6=2E:@?D9:A H:E9 !C@G:56?46[ 2?5 >@C6 E92? ca_ DEF56?ED H@C< @C G@=F?E66C 6G6CJ J62C :? E96 4:EJVD AF3=:4 D49@@=D]k^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^4C@AA65a36DE4@==686Dhd#:46'_swA?80_0_0_]!}vQ 2=ElQ#:46 &?:G6CD:EJ {@G6EE w2== :? E96 27E6C?@@?]Q E:E=6lQR`_] #:46 &?:G6CD:EJQ DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?m496?8 ^^ $9FEE6CDE@4<k^7:842AE:@?mk^7:8FC6m
k9amR`_] #:46 &?:G6CD:EJk^9am
kAm\ {@42E:@?i w@FDE@?k^Am
kAm\ uF==\E:>6 F?56C8C25F2E6 6?C@==>6?Ei c[cgbk^Am
kAm\ $EF56?E\E@\724F=EJ C2E:@i di`k^Am
kAm\ p446AE2?46 C2E6i gTk^Am
kAm\ %JA:42= $p% C2?86i `d__\`df_k^Am
kAm\ pE9=6E:4 4@?76C6?46i p>6C:42? pE9=6E:4 r@?76C6?46 W%96 p>6C:42?Xk^Am
kAmp? @2< EC66\=:?65 D2?4EF2CJ :? E96 >:55=6 @7 3FDE=:?8 w@FDE@?[ #:46 &?:G6CD:EJ :D 4@?D:DE6?E=J C2?<65 ?62C E96 E@A @7 =:DED E92E 82F86 DEF56?EDV BF2=:EJ @7 =:76] #:46 92D 366? 2 =6256C :? 2CE:7:4:2= 962CE C6D62C49 2?5 @E96C D4:6?46D 2?5 >2:?E2:?D 2 4=@D6 A2CE?6CD9:A H:E9 }p$p] xE H2D >@56=65 27E6C t?8=:D9 F?:G6CD:E:6D[ H:E9 6=6G6? C6D:56?E:2= 4@==686D]k^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^4C@AA65a36DE4@==686Dhcrx%!'zxA?80_0_0_]!}vQ 2=ElQtIE6C:@C @7 E96 q64<>2? x?DE:EFE6 2E E96 r2=:7@C?:2 x?DE:EFE6 @7 %649?@=@8J]Q E:E=6lQRh] r2=:7@C?:2 x?DE:EFE6 @7 %649?@=@8JQ DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?mz6? (@=E6C ^^ $9FEE6CDE@4<k^7:842AE:@?mk^7:8FC6m
k9amRh] r2=:7@C?:2 x?DE:EFE6 @7 %649?@=@8Jk^9am
kAm\ {@42E:@?i !2D256?2[ rpk^Am
kAm\ uF==\E:>6 F?56C8C25F2E6 6?C@==>6?Ei hgak^Am
kAm\ $EF56?E\E@\724F=EJ C2E:@i bi`k^Am
kAm\ p446AE2?46 C2E6i bTk^Am
kAm\ %JA:42= $p% C2?86i `db_\`dg_k^Am
kAm\ pE9=6E:4 4@?76C6?46i $@FE96C? r2=:7@C?:2 x?E6C4@==68:2E6 pE9=6E:4 r@?76C6?46k^Am
kAm%96 r2=:7@C?:2 x?DE:EFE6 @7 %649?@=@8J :D 9@>6 E@ E96 y6E !C@AF=D:@? {23@C2E@CJ[ E96 t:?DE6:? !2A6CD !C@;64E[ 2 D6:D>@=@8:42= =23@C2E@CJ[ 2?5 2? :?E6C?2E:@?2= @3D6CG2E@CJ ?6EH@C<] tG6CJ w2==@H66?[ DEF56?ED 4@>3:?6 E96:C :?E6C6DE :? D4:6?46 H:E9 C64C62E:@?[ D>2D9:?8 AF>A<:?D 7C@> E96 E@A @7 r2=E649 w2==] %96 DEF56?E 3@5J :D 72>@FD 7@C :ED AC2?<D]k^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^4C@AA65a36DE4@==686Dhe!C:?46E@?p#&"A?80_0_0_]!}vQ 2=ElQ!:?<\7=@H6C:?8 5@8H@@5 EC66D H:E9 :? 7C@?E @7 2? 2C4965 6?EC2?46 2E !C:?46E@? &?:G6CD:EJ]Q E:E=6lQRg] !C:?46E@? &?:G6CD:EJQ DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?my2J *F2? ^^ $9FEE6CDE@4<k^7:842AE:@?mk^7:8FC6m
k9amRg] !C:?46E@? &?:G6CD:EJk^9am
kAm\ {@42E:@?i !C:?46E@?[ }yk^Am
kAm\ uF==\E:>6 F?56C8C25F2E6 6?C@==>6?Ei d[dhgk^Am
kAm\ $EF56?E\E@\724F=EJ C2E:@i di`k^Am
kAm\ p446AE2?46 C2E6i cTk^Am
kAm\ %JA:42= $p% C2?86i `d__\`dg_k^Am
kAm\ pE9=6E:4 4@?76C6?46i xGJ {628F6k^Am
kAm}:?6EJ\D:I A6C46?E @7 DEF56?ED =:G6 @? 42>AFD 2E !C:?46E@? &?:G6CD:EJ[ H9:49 :D :? 5@H?E@H? !C:?46E@? 2?5 2 D9@CE EC2:? C:56 E@ }6H *@C< r:EJ 2?5 !9:=256=A9:2] }@E65 7@C :ED 64@?@>:4D 2?5 6?8:?66C:?8 56A2CE>6?ED[ !C:?46E@? 2=D@ E9C:G6D :? >@56C? D4:6?46D DF49 2D A=2D>2 A9JD:4D[ 2?5 2 BF2?EF> D4:6?46 46?E6C 92D 366? :? E96 H@C<D 7@C J62CD] k2 9C67lQ9EEADi^^AC:?46E@?62E:?84=F3D]@C8^Qmt2E:?8 4=F3Dk^2m 2C6 2E E96 :?E6CD64E:@? @7 D@4:2= =:76 2?5 EC25:E:@?]k^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^4C@AA65a36DE4@==686Dh`'2?56C3:=Ezhf~A?80_0_0_]!}vQ 2=ElQp 4=@4< E@H6C :D D66? E9C@F89 8C66? =62G6D @? E96 42>AFD @7 '2?56C3:=E &?:G6CD:EJ]Q E:E=6lQRf] '2?56C3:=E &?:G6CD:EJQ DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?m$62? !2G@?6 ^^ $9FEE6CDE@4<k^7:842AE:@?mk^7:8FC6m
k9amRf] '2?56C3:=E &?:G6CD:EJk^9am
kAm\ {@42E:@?i }2D9G:==6[ %}k^Am
kAm\ uF==\E:>6 F?56C8C25F2E6 6?C@==>6?Ei f[`cek^Am
kAm\ $EF56?E\E@\724F=EJ C2E:@i di`k^Am
kAm\ p446AE2?46 C2E6i eTk^Am
kAm\ %JA:42= $p% C2?86i `d`_\`de_k^Am
kAm\ pE9=6E:4 4@?76C6?46i $@FE962DE6C? r@?76C6?46 W$trXk^Am
kAm'2?56C3:=E &?:G6CD:EJ :D @?6 @7 E96 H@C=5VD >@DE :??@G2E:G6 :?DE:EFE:@?D] uC@> a_`d\a_ad[ :E =2F?4965 ee DE2CEFAD 2?5 925 e`` A2E6?ED 2?5 hah =:46?D6D :DDF65[ 2?5 E96 r6?E6C 7@C %649?@=@8J %C2?D76C 2?5 r@>>6C4:2=:K2E:@? 4@?E:?F6D E@ 3C62< 8C@F?5] x? a_ac[ '2?56C3:=E H2D C2?<65 R` 3J %96 !C:?46E@? #6G:6H :? DEF56?EDV BF2=:EJ @7 =:76 2?5 :D 2=D@ <?@H? 7@C :ED >65:42= 46?E6C 2?5 >FD:4 D49@@=]k^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^4C@AA65a36DE4@==686Dh_r@=F>3:2$%z#;A80_0_0_]y!tvQ 2=ElQp G:6H 7C@> 369:?5 E96 p=>2 |2E6C 3C@?K6 D4F=AEFC6[ 2 A6CD@? D62E65 @? 2 E9C@?6 :? 2? 24256>:4 8@H? 2?5 H62C:?8 2 =2FC6= FA@? E96:C 9625[ @? E96 DE6AD @7 E96 {@H |6>@C:2= {:3C2CJ @? E96 42>AFD @7 r@=F>3:2 &?:G6CD:EJ]Q E:E=6lQRe] r@=F>3:2 &?:G6CD:EJQ DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?m$F492? ^^ $9FEE6CDE@4<k^7:842AE:@?mk^7:8FC6m
k9amRe] r@=F>3:2 &?:G6CD:EJk^9am
kAm\ {@42E:@?i }6H *@C<k^Am
kAm\ uF==\E:>6 F?56C8C25F2E6 6?C@==>6?Ei g[cagk^Am
kAm\ $EF56?E\E@\724F=EJ C2E:@i ai`k^Am
kAm\ p446AE2?46 C2E6i cTk^Am
kAm\ %JA:42= $p% C2?86i `ch_\`df_k^Am
kAm\ pE9=6E:4 4@?76C6?46i xGJ {628F6k^Am
kAmr@=F>3:2 &?:G6CD:EJ :D =@42E65 @? E96 &AA6C (6DE $:56 @7 |2?92EE2? :? }6H *@C< r:EJ[ ?62C 2 G2C:6EJ @7 A2C<D 2?5 =2?5>2C<D] %96 DEF56?ED 7@C> 2 >6=E:?8 A@E[ H:E9 `eT 7C@> :?E6C?2E:@?2= =@42=6D 2?5 `aT 7C@> 5@>6DE:4 D>2== E@H?D] r2>AFD >65:2 @FE=6ED DF49 2D E96 r@=F>3:2 s2:=J $A64E2E@C[ (zr#[ 2?5 qH@8 42AE:G2E6 C6256CD 2?5 =:DE6?6CD E9C@F89@FE E96 4:EJ] u@C 564256D[ DEF56?ED 92G6 DE2CE65 AC@E6DED E92E 92G6 >256 ?2E:@?2= 9625=:?6D]k^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^4C@AA65a36DE4@==686Dghs2CE>@FE9d_{"A?80_0_0_]!}vQ 2=ElQ$EF56?ED C6=2I @? E96 =2H? 367@C6 2 4=@4< E@H6C @? E96 42>AFD @7 s2CE>@FE9 r@==686]Q E:E=6lQRd] s2CE>@FE9 r@==686Q DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?my2J *F2? ^^ $9FEE6CDE@4<k^7:842AE:@?mk^7:8FC6m
k9amRd] s2CE>@FE9 r@==686k^9am
kAm\ {@42E:@?i w2?@G6C[ }wk^Am
kAm\ uF==\E:>6 F?56C8C25F2E6 6?C@==>6?Ei c[c`hk^Am
kAm\ $EF56?E\E@\724F=EJ C2E:@i di`k^Am
kAm\ p446AE2?46 C2E6i eTk^Am
kAm\ %JA:42= $p% C2?86i `d__\`df_k^Am
kAm\ pE9=6E:4 4@?76C6?46i xGJ {628F6k^Am
kAms2CE>@FE9 r@==686 2==@HD DEF56?ED E@ 4FDE@>:K6 E96:C 24256>:4 D4965F=6D] %9:D xGJ {628F6 :?DE:EFE:@? 92D 2? 23F?52?46 @7 46?E6CD 7@C 2CED 2?5 4F=EFC6 2D H6== 2D G2C:@FD E649?@=@8J 2?5 D4:6?46 :?DE:EFE6D] t249 J62C[ :E 9@DED 2 (:?E6C r2C?:G2= 2?5 2 !@HH@H 46=63C2E:?8 x?5:86?@FD 9:DE@CJ]k^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^4C@AA65a36DE4@==686D`__w2CG2C5y)|tA?80_0_0_]!}vQ 2=ElQp 3C:4< 2?5 :C@? 2C49H2J =625D @?E@ E96 w2CG2C5 42>AFD]Q E:E=6lQRc] w2CG2C5 &?:G6CD:EJQ DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?my@C86 $2=465@ ^^ $9FEE6CDE@4<k^7:842AE:@?mk^7:8FC6m
k9amRc] w2CG2C5 &?:G6CD:EJk^9am
kAm\ {@42E:@?i r2>3C:586[ |pk^Am
kAm\ uF==\E:>6 F?56C8C25F2E6 6?C@==>6?Ei f[b`ek^Am
kAm\ $EF56?E\E@\724F=EJ C2E:@i ci`k^Am
kAm\ p446AE2?46 C2E6i bTk^Am
kAm\ %JA:42= $p% C2?86i `d__\`dg_k^Am
kAm\ pE9=6E:4 4@?76C6?46i xGJ {628F6k^Am
kAmw2CG2C5 &?:G6CD:EJ[ H9:49 52E6D E@ `ebe[ H2D E96 7:CDE 4@==686 :? E96 p>6C:42? 4@=@?:6D[ 2?5 :E C6>2:?D 2 32DE:@? @7 DF446DD] %96 D49@@= 92D 65F42E65 6:89E &]$] AC6D:56?ED 2?5[ :? a_aa[ 62C>2C<65 S`__ >:==:@? E@ 255C6DD :ED k2 9C67lQ9EEADi^^=6824J@7D=2G6CJ]92CG2C5]65F^Qm9:DE@CJ H:E9 D=2G6CJk^2m] w2CG2C5 92D @G6C cd_ @C82?:K2E:@?D 2?5 @776CD ca G2CD:EJ DA@CED[ E96 >@DE :? E96 4@F?ECJ] %96 w2CG2C5 {2>A@@? 9F>@C >282K:?6 92D 366? 6?E6CE2:?:?8 W2?5 :?7FC:2E:?8X DEF56?ED 7@C 2=>@DE `d_ J62CD]k^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^4C@AA65a36DE4@==686Dhh$E2?7@C5"a~yA?80_0_0_]!}vQ 2=ElQ$E2?7@C5 &?:G6CD:EJ 42>AFD H:E9 w@@G6C %@H6C :? E96 324<8C@F?5]Q E:E=6lQRb] $E2?7@C5 &?:G6CD:EJQ DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?ms>:EC:: $2<92C@G ^^ $9FEE6CDE@4<k^7:842AE:@?mk^7:8FC6m
k9amRb] $E2?7@C5 &?:G6CD:EJk^9am
kAm\ {@42E:@?i $E2?7@C5[ rpk^Am
kAm\ uF==\E:>6 F?56C8C25F2E6 6?C@==>6?Ei f[gc`k^Am
kAm\ $EF56?E\E@\724F=EJ C2E:@i ai`k^Am
kAm\ p446AE2?46 C2E6i cTk^Am
kAm\ %JA:42= $p% C2?86i `d`_\`dg_k^Am
kAm\ pE9=6E:4 4@?76C6?46i pE=2?E:4 r@2DE r@?76C6?46 WprrXk^Am
kAm{@42E65 :? $:=:4@? '2==6J :? }@CE96C? r2=:7@C?:2[ $E2?7@C5 &?:G6CD:EJ 92D DEC@?8 3@?5D H:E9 E649 8:2?ED DF49 2D v@@8=6[ H9:49 H2D 7@F?565 3J $E2?7@C5 DEF56?ED] xE 92D D6G6? D49@@=D 2?5 :D <?@H? 7@C :ED 244=2:>65 65F42E:@?[ 6?8:?66C:?8[ =2H[ 2?5 3FD:?6DD AC@8C2>Dj E962E6C 2?5 >FD:4 8C@FADj 2?5 E96 k2 9C67lQ9EEADi^^?6HD]DE2?7@C5]65F^DE@C:6D^a_ac^_e^42E49\FA\H:E9\E96\DE2?7@C5\D@=2C\42C\AC@;64EQm$@=2C r2C !C@;64Ek^2m] %96 F?:G6CD:EJ 2=D@ 92D 2 DE@C:65 2E9=6E:4 AC@8C2>[ 2?5 :ED 2E9=6E6D 92G6 H@? k2 9C67lQ9EEADi^^8@DE2?7@C5]4@>^?6HD^a_ac^_g^``^C64@C5\D6EE:?8\a_ac\A2C:D\82>6DQm9F?5C65D @7 ~=J>A:4 >652=Dk^2m]k^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^4C@AA65a36DE4@==686Dhg*2=6~#(%A?80_0_0_]!}vQ 2=ElQ!6@A=6 H2=< 2=@?8 2 D:56H2=< ?62C 2? @C?2E6 2C49H2J 2?5 2? :?EC:42E6 :C@? 82E6 @? E96 42>AFD @7 *2=6 &?:G6CD:EJ]Q E:E=6lQRa] *2=6 &?:G6CD:EJQ DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?mw6=:@D4C:36 ^^ $9FEE6CDE@4<k^7:842AE:@?mk^7:8FC6m
k9amRa] *2=6 &?:G6CD:EJk^9am
kAm\ {@42E:@?i }6H w2G6?[ r%k^Am
kAm\ uF==\E:>6 F?56C8C25F2E6 6?C@==>6?Ei e[g_dk^Am
kAm\ $EF56?E\E@\724F=EJ C2E:@i ai`k^Am
kAm\ p446AE2?46 C2E6i dTk^Am
kAm\ %JA:42= $p% C2?86i `d__\`dg_k^Am
kAm\ pE9=6E:4 4@?76C6?46i xGJ {628F6k^Am
kAm%H6?EJ\7:G6 A6C46?E @7 E96 *2=6 &?:G6CD:EJ DEF56?E 3@5J 92:=D 7C@> 23C@25[ 4C62E:?8 2 5:G6CD6 >:I @? E96 ?6@\v@E9:4 42>AFD ?6DE=65 :? 5@H?E@H? }6H w2G6?] *2=6 92D `c C6D:56?E:2= 4@==686D 2?5 :D <?@H? 7@C :ED =2H[ 2CE[ ?FCD:?8[ 5C2>2[ 6?G:C@?>6?E[ 2?5 5:G:?:EJ D49@@=D[ 2>@?8 @E96CD] u@F?565 :? `f_`[ :E 92D >2?J C6G6C65 EC25:E:@?D[ :?4=F5:?8 k2 9C67lQ9EEADi^^J2=6a_ac]J2=6]65F^4=2DD\52J^EC25:E:@?DQmr=2DD s2Jk^2m[ H9:49 762EFC6D AC:K6D 2?5 2H2C5D[ :GJ[ 49FC49H2C56? A:A6D[ 92ED[ 2?5 >@C6]k^Am
k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^4C@AA65a36DE4@==686D`_`|x%g#dfA?80_0_0_]!}vQ 2=ElQ%96 vC62E s@>6 @7 E96 |2DD249FD6EED x?DE:EFE6 @7 %649?@=@8J :? r2>3C:586 @? 2 DF??J 52J[ H:E9 A6@A=6 H2=<:?8 2C@F?5]Q E:E=6lQR`] |2DD249FD6EED x?DE:EFE6 @7 %649?@=@8JQ DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?m%C2G6=0p5G6?EFC6 ^^ $9FEE6CDE@4<k^7:842AE:@?mk^7:8FC6m
k9amR`] |2DD249FD6EED x?DE:EFE6 @7 %649?@=@8Jk^9am
kAm\ {@42E:@?i r2>3C:586[ |pk^Am
kAm\ uF==\E:>6 F?56C8C25F2E6 6?C@==>6?Ei c[dcbk^Am
kAm\ $EF56?E\E@\724F=EJ C2E:@i bi`k^Am
kAm\ p446AE2?46 C2E6i dTk^Am
kAm\ %JA:42= $p% C2?86i `d`_\`dg_k^Am
kAm\ pE9=6E:4 4@?76C6?46i }6H t?8=2?5 (@>6?VD U2>Aj |6?VD pE9=6E:4 r@?76C6?46k^Am
kAm$EF56?ED 2?5 C6D62C496CD 2E E96 |2DD249FD6EED x?DE:EFE6 @7 %649?@=@8J 2C6 2=H2JD @? E96 4FEE:?8 6586 @7 >@56C? E649?@=@8J] p>@?8 E96 9:89=:89ED @7 E9:D D49@@= 2C6 E96 w2JDE24< ~3D6CG2E@CJ[ |65:2 {23 Wk2 9C67lQ9EEADi^^HHH]>65:2]>:E]65F^23@FE^23@FE\E96\3F:=5:?8^Qm56D:8?65 3J 2=F> x] |] !6:k^2mX[ 2?5 |x%]?2?@] |x% 92D 24C6D @7 DEF??:?8 D46?6CJ[ 7C@> BF:6E r2>3C:586 DEC66ED E@ E96 7FEFC:DE:4 =2J@FE @7 $:>>@?D w2==[ 2?5 2 DEC:<:?8 AF3=:4 2CE 4@==64E:@?]k^Am
kAmk6>ms2E2 C6A@CE:?8 3J #@3 !@H6==] $E@CJ 65:E:?8 3J rJ?E9:2 #63@==65@]k^6>mk^Am
The 2024-2025 school year saw a growing number of students at campuses nationwide. Undergraduate enrollment was up by 3.2% in the spring of 2025, according to the National Student Clearinghouse Research Center. That increase is all the more noteworthy when you consider the current price tag for a college education—per the Education Data Initiative, the average cost of one year at a higher education institution clocks in at more than $38,000 in 2022-23. Still, college offers a valuable return on investment for many prospective students. An analysis from the Federal Reserve Bank of New York found that in recent years, college grads earned a median of $80,000 per year, while workers with only a high school diploma earned a median of $47,000 per year.
With this in mind, the return on investment may be more apparent at some schools than others. Stacker compiled a list of the best colleges in America using Niche's 2026 rankings. All four-year schools in Niche's database were considered. Niche ranks colleges using various factors, including academics, admissions, finances, and student life. You can check out the full methodology here.
kAm%96 =:DE :?4=F56D AF3=:4 2?5 AC:G2E6 :?DE:EFE:@?D[ 7C@> (6DE r@2DE C6D62C49 4@==686D E@ t2DE r@2DE =:36C2= 2CED D49@@=D] xE 2=D@ 4@?E2:?D 2 72:C D92C6 @7 DAC2H=:?8 DE2E6 D49@@=D 2?5 C6=:8:@?\46?EC:4 F?:G6CD:E:6D]k^Am
kAm%96D6 4@==686D @776C A:@?66C:?8 D4:6?46D[ 6?EC6AC6?6FCD9:A[ 2?5 6G6? 328A:A6 A6C7@C>2?46 AC@8C2>D] (9:=6 D@>6 >2J 36 36DE <?@H? 7@C 2E9=6E:4 249:6G6>6?ED[ >2?J 7@@E32== D49@@=D 2C6 >2<:?8 C2A:5 65F42E:@?2= 25G2?46>6?ED[ AC@5F4:?8 D6G6C2= #9@56D D49@=2CD 2?5 4@==23@C2E:?8 H:E9 E649 :?5FDECJ 8:2?ED] ~7 4@FCD6[ D@>6 92G6 4@@= A6C<D E92E 76H @E96CD 5@[ :?4=F5:?8 2? @?\42>AFD :46 4C62> 724E@CJ @C AC@I:>:EJ E@ E96 36249]k^Am
- Winston Tan // Shutterstock
