Heco Victa Prime Sub 252 A User manual

+)%'"(*
#*#(#!)*#'#)*' *#
$,#'o("#*!,''#)-$*"#)
"$o"%!$'))'#)

7BB34e6@3<(732/A3@RB/;<23A37<3@!303<A2/C3@23<HC@
+3@4e5C<5AB363<23<'e195/03C<2(/;;3:AGAB3;3<HC
B B63 3<2 =4 B63 >@=2C1BoA CA34C: :743 >:3/A3 27A>=A3 =4 7B /B
/>>@=>@7/B31=::31B7=<>=7<BA>@=D72327<G=C@1=C<B@G
*<34=7A:3>@=2C7B3<47<23D73D3C7::3H:32V>=A3@2/<AC<>=7<B
23@31G1:/53/>>@=>@7V

007:2C<53<::CAB@/B7=<A

D
&25?4225?A2?B;12
GB;P05@AC6292;.;81.3[?1.@@&62@6053[?26;"#?<1B8A2;A@056212;5./2;*6?:Y05A2;
5;2;562?GBC<;B;@2?2?&26A2?205A52?G96054?.AB962?2;B?055?289B42*.59@6;1&622@6AG2?
26;2@$B.96APA@=?<1B8A2@42D<?12;1.@D29AD26A2;2?82;;B;436;12A
6AA292@2;&62B;@2?23<942;12;6;D26@2C<?;/2A?62/;.5:25?2?.BA@=?2052?42;.B1B?05
/A @37319 ;7B :7BHAG;0=: E/@<B 23< 3<CBH3@ 2/AA 7<<3@6/:0 23A 3@RB3A 6=63
(>/<<C<53<D3@E3<23BE3@23<273534R6@:7163(B@=;A16:R53D3@C@A/163<9`<<3<
/A @37319 ;7BCA@C43H37163< ;/16B 23< 3<CBH3@ 2/@/C4 /C4;3@9A/; 2/AA 7< 23@
037534e5B3< 3273<C<5A/<:37BC<5 E716B753 3B@730A C<2 ,/@BC<5A/<E37AC<53<
'3>/@/BC@3<B6/:B3<A7<2273C<0327<5B03/16B3BE3@23<;eAA3<
#)M##'(! )'(#(!(§
)*#,323@2/A36RCA3#3BHB37:3`44<3<<=1602319C<53<
3<B43@<3<C;(B@=;A16:R53HCD3@;3723< 37<3'3>/@/BC@2C@1623<
3<CBH3@'3>/@/BC@<C@2C@16?C/:747H73@B3)316<793@ 37<3(B3192=A3<
=23@+3@:R<53@C<5A9/03:03<CBH3<27323<(B3193@23A3@RB3A<716B
D=::ABR<275/C4<36;3<
*'&%'&!*&
6AA2 92@2; &62 162 2162;B;4@.;926AB;4 C<? 12? ;/2A?62/;.5:2 .B3:2?8@.: 1B?05 62
2162;B;4@.;926AB;42;A5P9AD605A6426;D26@2GB:2A?62/B;1GB?&6052?526A23<942;&62
B;/216;4A.9926;D26@22D.5?2;&621622162;B;4@.;926AB;44BA.B3
r #73;/:A23<(C0E==43@)@=>4C<2(>@7BHE/AA3@/CAA3BH3<
03<4/::A2/@423@(C0E==43@<716BHC;0AB3::3<D=<+/A3<=23@/<23@3<;7B:eAA75937B3<534e::B3<
36R:B3@<D3@E3<23BE3@23<
r 3@0AB/<2HE7A163<9B7DAC0E==43@536RCA3C<2.7;;3@ER<23<=23@/<23@3<353<ABR<23<
H"`03:'35/:ER<232/@4/<937<3@(37B31;C<B3@A16@37B3<
73:C;7<7C;>:/BB30HE273 e6:@7>>3<23A+3@ABR@93@A/C423@'e19A37B323A9B7DAC0E==43@A
273<3< 23@ e6:C<5 23A 37<530/CB3< +3@ABR@93@A C<2 ;eAA3< 303<4/::A 1;0AB/<2 HC /::3<
353<ABR<23< 6/03< C<2 2e@43< <716B /0532319B A37< H +=@6R<53 /@273<3< C; 37<3
/CA@37163<233:e4BC<523A+3@ABR@93@AHC53ER6@:37AB3<
r 3@9B7DAC0E==43@A=::<716B7<23@#R63D=<,R@;3?C3::3</C453AB3::BE3@23<37H9`@>3@M43<
37HAB@/6:3@=443<3:/;;3<
r 3@9B7DAC0E==43@7AB53375<3B4e@23<7<A/BH7<37<3;)3;>3@/BC@03@3716D=<f07Af3@
9B7DAC0E==43@2/@4<716B7<'RC;3<;7BA36@6=63@!C4B43C16B75937BD3@E3<23BE3@23<
r 7BB3937<3353<ABR<23;7B=443<3<:/;;3<H 3@H3</C423;9B7DAC0E==43@>:/BH73@3<
r /A#3BH9/03:<716B;7B43C16B3<R<23</<4/AA3<=23@/<A16:73h3<
r /A#3BH9/03:D=<37H53@RB3<43@<6/:B3<
r 37A716B0/@3<3A16R275C<53<23A#3BH9/03:A2/@42/A3@RB<716B;36@03B@7303<E3@23<7<
03A16R275B3A /03:2/@4<716B@3>/@73@BA=<23@<;CAA/CA53B/CA16BE3@23<
r #73A16E3@3353<ABR<23/C42/A#3BH9/03::353<
r 3@#3BHAB3193@A=::B37;;3@4@37HC5R<5:716A37<
r ,7@22/A3@RB:R<53@3.37BH7;*@:/C0<716B03<CBHBA=::B33A2C@16.7363<23A#3BHAB3193@A
D=;#3BH53B@3<<BE3@23</A3@RBA=::B3/C160373E7BB3@D=;#3BH53B@3<<BE3@23<(=;7BE7@2
37<33A16R275C<52C@16:7BHA16:/5C<2N03@A>/<<C<5D3@67<23@B

D
r +3@E3<23< (73 937<3 '37<75C<5A;7BB3: =23@ 163;7A163 !`AC<5A;7BB3: 2/ A=<AB 273 $03@4:R163
03A16R275BE3@23<9`<<B3
r '3>/@/BC@3< ;eAA3< 7;;3@ ?C/:747H73@B3< /169@R4B3< e03@:/AA3< E3@23< 2/ ;/< A716 A=<AB
534R6@:7163<=16A>/<<C<53<=23@/<23@3<34/6@3</CAA3BHB
%')&(*""%")'#% &(
73A3A3@RB 7AB=>B7A16C<2/9CAB7A16 =>B7;/: /C4273!/CBA>@3163@23@$+)%'"(3@73
/053AB7;;B9/<</03@A3:0ABD3@ABR<2:716/C16;7B/<23@3<!/CBA>@3163@<9=;07<73@BE3@23<
37;<A16:73h3<6@3@!/CBA>@3163@/<:/5303/16B3<(7307BB32/AA/::33@RB3/CA53A16/:B3BA7<2
,37B3@67</16B3<(7307BB32/@/C42/AA/::3!/CBA>@3163@9/03:@716B7553>=:BA7<22623@%:CA>=:23A
83E37:753<CA5/<5A;7B 23;%:CA>=:23A83E37:753<7<5/<5A C<223@"7<CA>=:;7B23; 83E37:753<
"7<CA>=:D3@0C<23<7AB7BB303/16B3<(73/C162733273<C<5A/<:37BC<53<6@3A'3137D3@A+3@ABR@93@A
C<223@!/CBA>@3163@
(&'(!
3@D=;(C0E==43@E7323@535303<3@3?C3<H03@37167AB4e@2/A;3<A16:7163$6@@RC;:716<716B=@B0/@
23A6/:07AB273C4AB3::C<57;/::53;37<3<C<>@=0:3;/B7A167<3%:/BH73@C<5D=@23;`@>:/BH7<23@
#R6323@@=<B:/CBA>@3163@7AB832=16D=@HCH7363<,37B3@67<A=::B3<(732/@/C4/16B3<2/AA23@0AB/<2
HC 353<ABR<23< C<2 ,R<23< A37B:716 C<2 </16 67<B3< ;7<23AB3<A 1; 03B@R5B 2/ A=<AB 273
/AAE7323@5/030337<B@R16B75BE3@23<9/<<
!(!& !'&&(*""%&
!2AG.;@059B@@!2AG@=.;;B;[email protected]@05.9A2?
/3AA716C;37<3<(C0E==43@;7B37<530/CB3;+3@ABR@93@6/<23:B;CAA273A3@e03@2/A037:7353<23
#3BH9/03:/<273#3BH:37BC<5/<53A16:=AA3<E3@23<3@#3BHA>/<<C<5AE/6:A16/:B3@7AB/0,3@9/C4
+4e@273+3@E3<2C<57;3C@=>R7A163<'/C;37<53AB3::B
&25?D605A64 ,7@223@ (C0E==43@ 7< +(B3::C<5 /< 2/A + #3BH/<53A16:=AA3<4e6@B 273A
HE/<5A:RC475HC@.3@AB`@C<523A37<530/CB3<+3@ABR@93@A
#<D2?&05.9A2?2A?62/@GB@A.;1@.;G2642
!!6;4.;4
+3@07<23<(7323<#7323@>353:(C0E==43@/CA5/<56@3A'3137D3@A(C0%@3$CB;7B23;!##
7<5/<5 23A (C0E==43@A A7363 7:2 73@HC 03<`B753< (73 37< "=<=7<16 /03: <716B 7;
!7343@C;4/<53<B6/:B3<
N03@273!# $*)C16A39/<<37<E37B3@3@(C0E==43@/<53A16:=AA3<E3@23<
%=E3@(16/:B3@$# %=E3@(16/:B3@$
73/CB=;/B7A1637<CAA16/:BC<57AB/9B7D73@B
@6R:B23@(C0E==43@37<(75</:D=;'3137D3@A16/:B3B3@A716
/CB=;/B7A1637<273!:3C16B3B5@e<
@6R:B23@(C0E==43@937<(75</:;36@A16/:B3B3@</16E3<753<
"7<CB3</CB=;/B7A16E7323@7<23<(B/<20G3B@73073!
:3C16B3B2/<<@=B
;(B/<20G"=2CA03B@R5B23@(B@=;D3@0@/C16,/BB
3@(C0E==43@7AB
/CA53A16/:B3B73!7AB/CA
,7@22/A3@RB:R<53@3.37B
<716B03<CBHBA=::B3273A3
7<AB3::C<553ER6:BE3@23<

D
<05=242926;4P;42
.C;<A16:CAA/<=16>353:!/CBA>@3163@CA5R<5323A'3137D3@A+3@ABR@93@A(73637:2
#2429?2492?
"7B273A3;'35:3@AB3::3<(73273!/CBABR@937;/AA03@3716</166@3<,e<A163<E734=:5B37<
3@/AA@35:3@/<6@3;+3@ABR@93@E7@27<"7BB3:AB3::C<5:7<3/@530@/16B
.;GD605A64 3<%353:@35:3@/C423<96;82; <A16:/52@363<9:37<AB3!/CBABR@93
!353< (73 "CA79 /C4 C<2 3@6`63< (73 273 !/CBABR@93 ;7B 23; '35:3@ 23A +3@ABR@93@A /C4 2/A
53Ee<A16B3"/h
3</AA>353:;7B23;%353:@35:3@/C453Ee<A16B3!/CBABR@930@7<53<
'?2;;3?2>B2;G?2492?
73@;7BAB3::3< (73 2736`16AB3 @3?C3<H 37<07A HC 23@ 6@ (C0E==43@ /@037B3B < =;07</B7=< ;7B
'35/::/CBA>@3163@<A=::B3273@3?C3<H/C4mH37<53AB3::BE3@23<9=;;3<(B/<2:/CBA>@3163@
HC;7<A/BH7AB37<37<AB3::C<5D=<HmHA7<<D=::
#5.@2;@05.9A2?
;#=@;/:4/::A=::B323@%6/A3<A16/:B3@/C4f37<53AB3::BE3@23<<A3:B3<3<R::3<9/<<3A832=16D=<
+=@B37:A37<273%6/A3/C4fHCAB3::3<H0375@=h3@<B43@<C<523A(C0E==43@AHC23<@=<B
!/CBA>@3163@<=23@037C<5e<AB753</9CAB7A163<753<A16/4B3<23A'/C;3A3<3@3::57:B73(B3::C<5
03723@23@C<B3@3@C<2B=<03@3716D=::3@9:7<5B7AB273@716B753
&6052?B;4
:A(7163@C<52/@4<C@23@)G>D3@E3<23BE3@23<23@/C423@'e19A37B323A+3@ABR@93@A<303<23;
(7163@C<5A6/:B3@/<535303<7AB
'!&'!
=<475C@/B7=< /AA@34:3Fp4@=<B47@3o
3ABe19C<5 ;;!/<56C016/AA7A
CA5/<5A:37ABC<5'"("/F ,/BB
@3?C3<H03@3716 mH
)@3<<4@3?C3<H mH@353:0/@
"/h3FF) FF;;
.C036`@ #3BH9/03:
)316<7A163I<23@C<53<D=@036/:B3<

GB
2.?B@A<:2?
<;4?.AB9.A6<;@<;F<B?36;2;2D9<B1@=2.82?@.;1A5.;8F<BC2?F:B053<?05<<@6;4"
,<B5.C2:.12.;2E02992;A05<602'525645>B.96AF@=2.82?@=?<1B021/F".?2?2;<D;21
.99<C2?A52D<?91
#92.@2 @AB1F A52 6;@A?B0A6<;@ .;1 6;3<?:.A6<; /29<D 0.?23B99F /23<?2 B@6;4 F<B? ;2D
9<B1@=2.82?@
)63B@7/<5:3E7B6/:756B<7<5AG;0=:E/@<AB63CA3@B6/B6756D=:B/537ACA32E7B67<B63
23D713E67161/<@3AC:B7<3:31B@71A6=19
)63B@7/<5:3 E7B6 /< 3F1:/;/B7=<;/@97<4=@;A B63CA3@ B6/B7;>=@B/<B=>3@/B7<5/<2
;/7<B3</<137<AB@C1B7=<A@3>/7@/@31=<B/7<327<B63/11=;>/<G7<57<AB@C1B7=<;/<C/:
E6716;CAB03=0A3@D32
$#$)$%#'( $!)'($
*)$#<=@23@B=/D=723:31B@71A6=192=<=B=>3<B63A>3/93@
6=CA7<5;/7<A/2/>B3@A=@@3;=D3B631=D3@A)63CA3@7A<=BB=1=<2C1B
/<G@3>/7@A67;63@A3:4'3>/7@AA6=C:2=<:G031=<2C1B320G?C/:74732
B316<717/<A=<=BCA3/<GA=193BA=@3FB3<A7=<1/0:3AB6/B2=<=B4C::G
/11=;;=2/B3B63>:C5=4B6323D713
#"%'!'&',!"'
#92.@2?2.1A5?<B45A526;@A?B0A6<;:.;B.90.?23B99F/23<?2@A.?A6;4A<B@2A5212C602'56@
:.;B.90<;A.6;@6:=<?A.;A6;3<?:.A6<;0<;02?;6;4<=2?.A6<;.;1@.32AF.@=20A@A6@6:=2?.A6C2
F<B</@2?C2.99<3A526;3<?:.A6<;22=A52:.;B.96;.@.329<0.A6<;
g #3D3@AC0831BB63AC0E==43@B=2@7>>7<5=@A>:/A67<5E/B3@=<=B>:/13/<G4:=E3@D/A3A=@=B63@47::32
@317>73<BA=<B=>=4B63AC0E==43@
g )6327AB/<1303BE33<B63/1B7D3AC0E==43@3<1:=AC@3/<2B63E/::A=4B63@==;=@=B63@=0831BA
354C@<7BC@3A63:4C<7BA;/G<=B03:3AAB6/<1;=</<GA723
)63/:C;7<7C;>:/B3/<21==:7<547<A=4B63/;>:7473@/BB63@3/@=4B63/1B7D3AC0E==43@A3@D3B=1==:
B630C7:B7</;>:7473@4=@B67A@3/A=<B63G;CAB/:A=03/B:3/AB1;/E/G4@=;/::=0831BA/<2;CAB
<=B031=D3@32350G/1C@B/7<
)630/AA@34:3F=>3<7<5A=<B63/1B7D3AC0E==43@;CAB<=B031=D3@32350G1C@B/7<A3B17<=@23@
B=5C/@/<B33/23?C/B3D3<B7:/B7=<=4B63/;>:7473@
g )63AC0E==43@A6=C:2<=B03>=A7B7=<32<3/@63/BA=C@13A63/B3@A=D3<A@/27/<B63/B3@A</932
4:/;3A3B1
g $<:G=>3@/B3B63AC0E==43@/B/</;073<B@==;B3;>3@/BC@34@=;fB=f)63/1B7D3AC0E==43@
;/G<=B03CA327<D3@G6C;72@==;A
g %:3/A32=<=B>:/13/<G7B3;AE7B6</9324:/;3A351/<2:3A=<B63/1B7D3AC0E==43@
g %:3/A32=<=BB=C16=@1=<<31BB63;/7<A1/0:3E63<G=C@6/<2A/@32/;>
g 33>B63;/7<A1/0:3/E/G4@=;63/B3@A
g )6323D713A6=C:2<=B1=<B7<C3B=03=>3@/B3274B63@37AD7A70:32/;/53B=B63;/7<A1/0:32/;/532
1/0:3A6=C:2<=B03@3>/7@320CB;CAB03@3>:/132
g #3D3@>:/1363/DG7B3;A=<B63;/7<A1/0:3
g )63;/7<A1/0:3A6=C:2/:E/GA034@33:G/113AA70:3
g 4B6323D7137A<=B5=7<5B=03CA324=@/>@=:=<532>3@7=235E63<=<6=:72/G7BA6=C:203
27A1=<<31B324@=;B63;/7<A0G@3;=D7<5B63>:C5)6323D713A6=C:2/:A=0327A1=<<31B324@=;B63
;/7<A 7< B63 3D3<B =4 / B6C<23@AB=@; =7<5 B67A E7:: >@3D3<B 2/;/53 1/CA32 0G :756B<7<5 /<2
=D3@D=:B/53

GB
g =<=BCA3/<G1:3/<7<5/53<BA=@163;71/:A=:D3<BAE63<1:3/<7<5/AB63A31=C:22/;/53B63
AC@4/13=4B6323D713
g '3>/7@A;CAB/:E/GA031=<2C1B320G?C/:74732A>317/:7ABA/AG=C;756B=B63@E7A3033F>=A32B=
2/<53@=CA6756D=:B/53:3D3:A=@=B63@6/H/@2A
'')&(*""%")'#% &(
)67AAC0E==43@6/A033</2/>B32B=>@=D723B6303ABD7AC/:/<2/1=CAB71;/B16B=B63$+)
%'" @/<53=4 :=C2A>3/93@A =E3D3@7B5=3A E7B6=CB A/G7<5B6/B 7B ;/G 03 1=;07<32 E7B6 =B63@
:=C2A>3/93@A
,63< 1=<<31B7<5 G=C@ :=C2A>3/93@ >:3/A3 ;/93 AC@3 B6/B 3D3@GB67<5 6/A 033< AE7B1632 =44
C@B63@;=@3;/93AC@3B6/B/:::=C2A>3/93@1/0:3A/@31=<<31B32B=B63>@=>3@>=:3A73B63>=A7B7D3
>=:34=@B63=CB>CB7A1=<<31B32B=B63>=A7B7D3>=:34=@B637<>CB/<2B63<35/B7D3>=:3E7B6B63<35/B7D3
>=:3%:3/A3/:A=@343@B=G=C@@3137D3@A/;>:7473@A/<2:=C2A>3/93@A7<AB@C1B7=<A
#"&'"!!
)634@3?C3<1G@/<53@3>@=2C1320GB63AC0E==43@1/<<=B03>7<>=7<B320GB636C;/<3/@)6/BAE6G
>=A7B7=<7<553<3@/::G2=3A<B>@3A3<B/<G>@=0:3;A=E3D3@7B7A>@343@/0:3B=>:/13B63A>3/93@1:=A3
B=B634@=<B:=C2A>3/93@7<4@=<B=4B63:7AB3<7<5>=A7B7=<-=CA6=C:2/:A=;/93AC@3B6/BB6327AB/<134@=;
B63A723A/<24@=;B63@3/@B=7B3;A/<2E/::A7A/B:3/AB13<B7;3B@3A/A=B63@E7A30/AA@3>@=2C1B7=<
;/G037;>/7@32
'&(*""%&"#%'! !'&
.6;@0<;;20A6<; :.6;@C<9A.42@D6A05
)63AC0E==43@7A3?C7>>32E7B6/<7<B35@/B32/;>:7473@/<2<332AB=031=<<31B32B=/;/7<A=CB:3B0G
;3/<A=4B63AC>>:732;/7<A1/0:3)63D=:B/53A3:31B=@6/A033<A3B/BB634/1B=@GB=+4=@=>3@/B7=<
7<C@=>3
*.?;6;4=<<31B7<5B63AC0E==43@B=/+;/7<A=CB:3BE67:3B63D=:B/53A3:31B=@7AA3BB=+E7::
:3/2B=7;;327/B323AB@C1B7=<=4B63/;>:7473@
#<D2?@D6A05<=2?.A6;4@A.A2
%=E3@AE7B16$# %=E3@AE7B16$
)63/CB=;/B71AE7B167<5=<=447A/1B7D/B32
)63AC0E==43@AE7B163A=</CB=;/B71/::GE63<7B@3137D3A/A75</:
4@=;B63@3137D3@B63!BC@<A5@33<
B/CB=;/B71/::GAE7B163AB=AB/<20G/4B3@@3137D7<5<=A75</:A4=@
A=;3;7<CB3AB63!BC@<A@32
<AB/<20G;=23B63>=E3@1=<AC;>B7=<7AE/BB
)63AC0E==43@7AAE7B1632=44
!7A=44
)67A7AB63A3BB7<54=@E63<
AC0E==43@7A<BCA32=D3@:=<5
>3@7=2A

GB
!!6;=BA
=<<31BG=C@@3137D3@A:=E:3D3:AC0E==43@=CB>CBAC0>@3=CBB=B63AC0E==43@A!##7<>CBA33
75-=CE7::@3?C7@3/;=<=17<161/0:34=@B67A<=BAC>>:732
<=B63@AC0E==43@1/<031=<<31B32D7/B63!# $*)8/19
64592C296;=BA@
=@1=<<31B7=<B=B636756:3D3:A>3/93@=CB>CBA=4B63@3137D3@/;>:7473@@343@B=75
2C290<;A?<9
)67A1=<B@=:7ACA32B=A3BB630/AAD=:C;3/11=@27<5B=G=C@>@343@3<13A%@=1332/A4=::=EA
(3BB630/AA1=<B@=:=4G=C@/;>:7473@7<B=7BA13<B@3:7<3/@>=A7B7=<
:=<?A.;A (3BB63:3D3:1=<B@=:B=7BA923A AB=>:=E3ABD=:C;3
#=E>:/G0/19A=;3;CA71/<2A3BB63D=:C;31=<B@=:=4B63/;>:7473@B=B6323A7@32:3D3:
(3BB63AC0E==43@:3D3:1=<B@=:B=B6323A7@320/AA:3D3:
?<@@<C2?3?2>B2;0F0<;A?<9
*A32B=A3BB63C>>3@:7;7B=4B63AC0E==43@=>3@/B7<5@/<53)631@=AA=D3@4@3?C3<1GA6=C:203A3BB=
B=HE63<B63AGAB3;7ACA327<1=;07</B7=<E7B6A63:4:=C2A>3/93@A=@B=HE63<
CA32E7B6AB/<2:=C2A>3/93@A
#5.@2@D6A05
<<=@;/:CA3B63>6/A3AE7B16A6=C:203A3BB=f=E3D3@7<@/@31/A3A7B;/G03/2D/<B/53=CAB=
A3BB63>6/A3B=f3574B63AC0E==43@7A4/@/E/G4@=;B634@=<B:=C2A>3/93@A=@7<B633D3<B=4
C<4/D=C@/0:3/1=CAB71A7<B63@==;3<3@/::GA>3/97<5B63A3BB7<5E63@3B63:=E3@0/A3B=<3/@3/6/A
/4C::3@A=C<27AB631=@@31B=<3
B@2
$<:GCA3/4CA3E7B6B63>/@/;3B3@A7<271/B327<A723B63B@7/<5:3<3FBB=B634CA36=:23@=<B63@3/@=4
B63/;>:7473@
&#'"!&
=<475C@/B7=< 0/AA@34:3F4@=<B47@3
7BB32E7B6 1;:=<5AB@=932@7D3@
$CB>CB>=E3@'"("/F E/BBA
@3?C3<1G@/<53 mH
@=AA=D3@4@3?C3<1G mH/28CAB/0:3
7;3<A7=<A,FF FF;;
113AA=@73A ;/7<A1/0:3
(C0831BB=B316<71/:16/<53

F
'?U@052?0962;A
T9606A.A6<;@C<B@C2;2G1.0>BT?6?B;=?<1B6A"2A;<B@C<B@2;?2:2?06<;@?O02NC<A?2
2E02992;A05<6EC<B@VA2@12C2;B@92=?<=?6TA.6?21^B;=?<1B6A12>B.96AT12?T=BA.A6<;:<;16.92
6@2G.AA2;A6C2:2;A92@6;@A?B0A6<;@2A?2@=20A2G92@0<;@64;2@067<6;A2@.C.;A9.:6@22;@2?C602
12C<@;<BC2992@2;026;A2@
!3B@7/<5:31=;>=@B/<B:3AG;0=:32C<V1:/7@/D3@B7B:oCB7:7A/B3C@?C3:o/>>/@37:3ABB@/D3@AV
>/@23AB3<A7=<AV:3DV3A>=CD/<B3<B@/Z<3@23A2V16/@53AV:31B@7?C3A2/<53@3CA3A
!3B@7/<5:31=;>=@B/<B:3>=7<B23F1:/;/B7=<7<27?C3P:oCB7:7A/B3C@23:o/>>/@37:?C3:/<=B713
2oCB7:7A/B7=< 8=7<B3 /D31 :o/>>/@37: 1=<B73<B 23A 1=<A75<3A 2oCB7:7A/B7=< 3B 2o3<B@3B73<
7;>=@B/<B3A23D/<B7;>V@/B7D3;3<BXB@3@3A>31BV3A
BB3<B7=<#3>/A=CD@7@@7A?C32V:31B@=1CB7=<
))#)$#+37::3HP<3>/A=CD@7@:30=ZB73@:3A0:=1A2o/:7;3<B/B7=<2C
6/CB>/@:3C@<7P@3B7@3@:3A1/163A23>@=B31B7=</47<2VD7B3@B=CB@7A?C323
2V16/@53 V:31B@7?C3 C1C<3 @V>/@/B7=< <3 2=7B XB@3 34431BCV3 >/@
:oCB7:7A/B3C@23:o/>>/@37:)=CB3@V>/@/B7=<2=7BXB@31=<47V33F1:CA7D3;3<B
PC<>3@A=<<3:?C/:747V#CB7:7A3H<7>@7A3A<7@/::=<53A2/<A:3A?C3::3A7:
<o3AB>/A>=AA70:323<4=<13@1=;>:WB3;3<B:31=<<31B3C@
)& #"%'!'&K(%'K
)2B6992G96?2.AA2;A6C2:2;A9.;<A6021^[email protected]<;.C.;A9.:6@22;:.?052129^.==.?269.;<A602
1^[email protected]<;0<:=<?A212@0<;@64;2@123<;0A6<;;2:2;A2A12@T0B?6AT6:=<?A.;A2@%2@=20A2G
6:=T?.A6C2:2;AA<BA2@92@0<;@64;2@<;@2?C2G@<64;2B@2:2;A9.;<A6021^[email protected]<;
g %@=BV53HD=B@3AC0E==43@23A5=CBB3A3B23A>@=831B7=<A2o3/C#3>=A3H8/;/7A23AD/A3A=C
2o/CB@3A@V17>73<BA1=<B3</<B23A:7?C723AAC@:3AC0E==43@
g !/27AB/<133<B@3:30=ZB73@2CAC0E==43@/1B743B:3A;C@A23:/>7W13=C:3A/CB@3A=083BA>/@3F
;3C0:3A>/@=7A2VB/5W@3A2=7BXB@3/C;7<7;C;231;
!/ >:/?C3 2/:C;7<7C; 3B=C :3A /7:3BB3A 23 @34@=727AA3;3<B 23 :/;>:7471/B3C@ A7BCV3A /C 2=A 2C
AC0E==43@ /1B74 A3@D3<B /C @34@=727AA3;3<B 23 :/;>:7471/B3C@ 7<BV5@V 3B 2=7D3<B /CAA7 XB@3 P C<
;7<7;C;2327AB/<13231;23B=CA:3A=083BA3B<3>3CD3<B>/AXB@3@31=CD3@B3A>/@3F@723/CF
!3A=CD3@BC@3A2C0/AA@34:3F2CAC0E==43@/1B74<32=7D3<B>/AXB@3@31=CD3@B3A/D3123A=083BA
>/@3F@723/CF/47<235/@/<B7@C<3/V@/B7=<AC447A/<B323:/;>:7471/B3C@
gLD7B3H2o7<AB/::3@:3AC0E==43@P>@=F7;7BV23A=C@13A2316/:3C@V:V;3<BA2316/C44/534=C@A
@/27/B3C@A@/G=<</<BA4:/;;3A<C3A
g *B7:7A3H :o/>>/@37: C<7?C3;3<B P C<3 B3;>V@/BC@3 /;07/<B3 1=;>@7A3 3<B@3 f 3B f !3
AC0E==43@/1B74<3>3CB>/AXB@3CB7:7AV2/<A23A>7W13AB@WA6C;723A
g "3@1723<3>:/13@/C1C<=083B/D3123A4:/;;3A<C3A>/@3F23A0=C573AAC@:3AC0E==43@/1B74
g #3>/AB=C163@:31Q0:32/:7;3<B/B7=</D3123A;/7<A;=C7::V3A#3>/A:31=<<31B3@
g /@23@:31Q0:32/:7;3<B/B7=<PC<30=<<327AB/<1323A@/27/B3C@A
g <1/A2o3<2=;;/53;3<BD7A70:32C1=@2=<2o/:7;3<B/B7=<:o/>>/@37:<32=7B>:CAXB@3CB7:7AV)=CB
1=@2=<2o/:7;3<B/B7=<3<2=;;/5V<32=7B>/AXB@3@V>/@V;/7A@3;>:/1V
g #38/;/7A>=A3@23A=083BA:=C@2AAC@:3A1Q0:3A
g !/>@7A32=7BB=C8=C@AXB@34/17:3;3<B/113AA70:3
g(7:o/>>/@37:<o3AB>/ACB7:7AV>3<2/<BC<3>V@7=23>@=:=<5V3>/@3F3<D/1/<13A;3BB3H:3A=CA
B3<A7=<3<2V0@/<16/<B:31=@2=<2o/:7;3<B/B7=<<1/A2o=@/53:o/>>/@37:2=7BV5/:3;3<BXB@3;7A

F
A=CAB3<A7=</47<2oVD7B3@B=CB@7A?C32o3<2=;;/53;3<B2dPC<1=C>234=C2@3=CPC<3AC@B3<A7=<
g #oCB7:7A3H>/A23>@=2C7BA23<3BB=G/53=C23A=:D/<BA167;7?C3A/47<23<3>/A3<2=;;/53@:/
AC@4/1323:o/>>/@37:
g=<473HAGABV;/B7?C3;3<BB=CB3@V>/@/B7=<PC<>3@A=<<3:?C/:747VA=CA>37<323D=CA3F>=A3@P23A
@7A?C3A236/CB3B3<A7=<=CP2o/CB@3A2/<53@A
&(*""%'")'#% &(
3B/>>/@37:3AB1=<UC23;/<7W@3=>B7;/:3=>B7?C3;3<B3B/1=CAB7?C3;3<B>=C@:/AV@73236/CB>/@:3C@A
$+)%'"3>3<2/<B7:>3CB/CAA7073<Ad@XB@3CB7:7AV3<1=;07</7A=</D312o/CB@3A6/CB
>/@:3C@A
%3<2/<B:30@/<163;3<B23D=A6/CB>/@:3C@AD37::3H/C4/7B?C3B=CA:3A/>>/@37:AA=73<BVB37<BA3>:CA
D37::3H/C4/7B?C3B=CA:3A1Q0:3A23A6/CB>/@:3C@AA=73<B>=:/@7AVA1=@@31B3;3<B1o3ABP27@3?C3:3>_:3
>=A7B742316/?C3A=@B73A=7B@3:7V/D31:3>_:3>=A7B742316/?C33<B@V33B?C3:3>_:3<V5/B742316/?C3
A=@B73A=7B@3:7V/D31:3>_:3<V5/B742316/?C33<B@V3+3C7::3H/CAA7AC7D@3/D31/BB3<B7=<:3;=232o3;>:=7
23D=B@3@V13>B3C@/;>:7471/B3C@3B23A6/CB>/@:3C@A
!&''"!
!/27@31B7=<23:/0/<23>/AA/<B3@3>@=2C7B3>/@:3AC0E==43@<o3AB>/A723<B747/0:3>/@:o=@37::36C;/7<3
!o7<AB/::/B7=<<3>=A32=<13<5V<V@/:/C1C<>@=0:W;3*<>=A7B7=<<3;3<B23D/<B:o3<2@=7B2oV1=CB3P
>@=F7;7BV23A6/CB>/@:3C@A4@=<B/CF3AB13>3<2/<B>@V4V@/0:33>:CAD3C7::3HD37::3@/C4/7B?C3:/
27AB/<13/D31:3A=083BA3B:3A;C@AA=7B2o/C;=7<A1;AC@:3A1_BVA/7<A7?C3D3@A:o/@@7W@3/47<?C3
:/@3>@=2C1B7=<A=<=@323:/0/AA3<3A=7B>/A/:BV@V3
" #"&'"!(&(*""%
?.;052:2;A.B@20A2B?@2920A2B?12A2;@6<;
!3AC0E==43@3AB;C<72oC</;>:7471/B3C@7<BV5@V?C72=7BXB@31=<<31BV/CA31B3C@3<CB7:7A/<B:31Q0:3
23A31B3C@4=C@<7!3AV:31B3C@23B3<A7=<A31B3C@3AB@V5:V3<CA7<3AC@+>=C@C<33F>:=7B/B7=<3<
C@=>3
AA2;A6<;)=CB0@/<163;3<B2CAC0E==43@@V5:VAC@+AC@C<3B3<A7=<A31B3C@23+3<B@/Z<3@/7B
:/23AB@C1B7=<7;;V27/B323:o/;>:7471/B3C@7<BV5@V
;A2??B=A2B?:.?052.??VA;160.A6<;129^TA.A123<;0A6<;;2:2;A
;A?22!!
=<<31B3H:/A=@B73P0/A<7D3/CAC0E==43@23D=B@3@V13>B3C@(C0%@3$CB/D31:o3<B@V3!##2C
AC0E==43@D=7@475%=C@13:/D=CA/D3H03A=7<2C1Q0:3;=<=17<16?C7<o3AB>/A1=;>@7A
D31:/47163!# $*)D=CA>=CD3H1=<<31B3@C<AC0E==43@AC>>:V;3<B/7@3
<B3@@C>B3C@;/@163/@@XB$# <B3@@C>B3C@;/@163/@@XB $
!/;7A33<6=@A17@1C7B/CB=;/B7?C33AB/1B7DV3
(7:3AC0E==43@@3U=7BC<A75</:2C@V13>B3C@7:A/::C;3
/CB=;/B7?C3;3<B3B:/!AV1:/7@33<D3@B
(7:3AC0E==43@<3@3U=7B>:CA/C1C<A75</:7:>/AA3
/CB=;/B7?C3;3<BPC<;=23234=<1B7=<<3;3<B3<AB/<20G
/>@WA?C3:?C3A;7<CB3A:/!3AB@=C53
<;=2323D37::3:/1=<A=;;/B7=<2oV:31B@717BV3AB,
!3AC0E==43@3ABVB37<B:/!3AB
VB37<B3
(7:/>>/@37:<3AB>/ACB7:7AV
>3<2/<BC<:=<5;=;3<BD=CA
23D@73H16=7A7@13BB3=>B7=<

F
;A?T2@5.BA;6C2.B
%=C@:/1=<<3F7=</CFA=@B73AP6/CB<7D3/CA=@B73A6/CB>/@:3C@A2C@V13>B3C@/;>:7471/B3C@+=7@475
<::.;1212C<9B:2
@Q13P13BB31=;;/<23D=CA>=CD3H@V5:3@:3D=:C;323A5@/D3AA3:=<D=B@35=dB1=;;3AC7B
%:/13H:/1=;;/<2323A5@/D3A23D=B@3/;>:7471/B3C@3<>=A7B7=<13<B@/:3:7<V/7@3
'?U@6:=<?A.;A %:/13H:3@V5:/532CD=:C;32/<A:/>=A7B7=<234.B052 D=:C;3;7<7;C;
=C3H23:/;CA7?C33B/C5;3<B3H:3D=:C;323:o/;>:7471/B3C@P:/6/CB3C@2VA7@V3/D31:3@V5C:/B3C@
23:o/;>:7471/B3C@
'V5:3H:3<7D3/C23A5@/D3AA3:=<D=B@35=dB/D31:3@V5C:/B3C@23<7D3/CF
%T4B9.A2B?123?T>B2;02@T=.?.A?602
3@V5:/532VB3@;7<3:/:7;7B3AC>V@73C@323:/0/<23234@V?C3<13A@3>@=2C7B3A>/@:3AC0E==43@<
1=;07</7A=</D3123A6/CB>/@:3C@A7<AB/::VAAC@23AVB/5W@3A:/4@V?C3<1323D@/7BXB@3@V5:V33<B@3
H3BH(7D=CACB7:7A3H23A6/CB>/@:3C@A1=:=<<3C<@V5:/533<B@3H3BH3AB/:=@A
7<5V<73CF
;A2??B=A2B?12=5.@2
#=@;/:3;3<B:7<B3@@C>B3C@23>6/A32=7BXB@3>:/1VAC@f/<A23A1/A/AA3H@/@3A7:>3CB>/@4=7AXB@3
/D/<B/53CF23@V5:3@:/>6/A3AC@f>/@3F3;>:33<1/A235@/<2327AB/<133<B@3:3AC0E==43@3B
:3A6/CB>/@:3C@A4@=<B/CF=CA7:/>7W13<3AB>/A073<1=<UC3/1=CAB7?C3;3<B<5V<V@/::/>=A7B7=<
=c:/H=<323AA=<A230/A3A=<<3:3;73CF3AB:/0=<<3
B@6/92
*B7:7A3H3F1:CA7D3;3<B23A4CA70:3A2CBG>37<27?CVAC@:31_BV/@@7W@323:o/;>:7471/B3C@P1=BV2C>=@B3
4CA70:3AC@:o/@@7W@3
&#'"!&'!$(&
=<475C@/B7=< 0/AA@34:3F1=<475C@/B7=<4@=<B47@3
?C7>3;3<B¦ >7:=B32oV:VD/B7=<:=<5C31;
%C7AA/<1323A=@B73'"("/F ,/BB
/<23>/AA/<B3 mH
@V?C3<13AV>/@/B@713 mH@V5:/0:3
7;3<A7=<A!FF% FF;;
113AA=7@3A 1Q0:3A31B3C@
(=CAB=CB3A@VA3@D3A23;=27471/B7=<AB316<7?C3A

NL
2.05A289.;A
992?22?@A5.?A296781.;81.AB428<G2;5223AC<<?22;"=?<1B0A*67D6992;B562?:224?..4
329606A2?2;<<?12G2C2?@A.;164282BG2/2;AB122642;..?42D<?12;C.;22;8D.96A26A@=?<1B0A
1.AD2?291D6712?82;16@
22@12C<942;12..;D67G6;42;.B/..;1.05A641<<?C<<?1.ABBD9B61@=?282?/<E2;6;42/?B68
;22:A
32@736=39;3B0:79A3;A16716BE//@A16CEB23530@C793@2/B07<<3<7<63B/>>/@//B6=53
A>/<<7<53<E=@23<530@C79B27353D//@:78933:39B@7A163A16=993<9C<<3<D3@==@H/93<
3 2@736=39 ;3B C7B@=3>B393< E78AB 23 530@C793@ 3@=> 2/B 7< 23 ;3353:3D3@23
530@C79A//<E78H7<5 03:/<5@7893 530@C79A 3< =<23@6=C2A7<AB@C1B73A @3>/@/B73 AB//<
E//@D/</0A=:CCB5=32<=B/;=3BE=@23<53<=;3<
#($%! )'(($ ##)$%##
!)$% =>3< 23:C72A>@393@036C7H7<53:39B@7A163D=327<53< <73B 3<
D3@E7823@==9533</423997<53<=;3:39B@7A163A16=993<B3D3@;7823<
33< @3>/@/B73 2==@ 23 530@C793@ '3>/@/B73 C7BA:C7B3<2 2==@
539E/:747133@23B316<71CA30@C79533<AB=>1=<B/1B3<=4D3@:3<59/03:A
27323AB3993@D/<63B/>>/@//B<73BD=::3275=><3;3<
!%)&)""%&%'!
22@ .B/ 12 42/?B68@..;D67G6;4 CXX? 12 6;/21?673@A2996;4 ..;1.05A64 1<<? 2
42/?B68@..;D67G6;4/2C.A/29.;4?6782..;D67G6;42;C<<?12/2162;6;42;C<<?BDC269645261)<94
./@<9BBA.992..;D67G6;42;<=2D..?1242/?B68@..;D67G6;44<21
g (B3:23AC0E==43@<==7B0:==B//<2@C7>=4A>/BE/B3@%://BA==9533<D/H3<=4/<23@3;3BD:=37AB=4
53DC:23530@C79AD==@E3@>3<=>23AC0E==43@
g 3/4AB/<2BCAA3<23036C7H7<5D/<23/1B73D3AC0E==43@3<3@H782A3<23E/<23<D/<23@C7;B3=4
3D3<BC3:3/<23@3=0831B3<H=/:A;3C03:A=49/AB3</<23@H782A;/5//</::39/<B3<<73B;7<23@2/<
1;032@/53<
3/:C;7<7C;>://B3<239=3:D7<<3<D/<23D3@AB3@93@//<23/16B3@H7823D/<23/1B73D3AC0E==43@
273<3<=;2353[<B35@33@23D3@AB3@93@B39=3:3<//@=;;=3B23/4AB/<2BCAA3<23>://B3<23
D7<<3<3<3@H782A3<3D3<BC3:3/<23@=0831B3</<23@H782A==9B3<;7<AB31;032@/53<3<;=53<H3
<73BE=@23</453239B078D==@033:22==@33<5=@278<
3 0/A@34:3F=>3<7<53< 7< 23 /1B73D3 AC0E==43@ ;=53< <73B E=@23< /453239B 078D==@033:2 2==@
5=@278<3<32=;2/B3@/<23@A=<D=:2=3<23D3<B7:/B73D==@23D3@AB3@93@7A
g3/1B73D3AC0E==43@;=3B<73B7<230CC@BD/<E/@;B30@=<<3<E=@23<53>://BAB@/27/B=@A=D3<A
AB@//:9/163:A=>3<DCC@
g30@C7923AC0E==43@7<63BB3;>3@/BCC@03@379D/<fB=Bf3/1B73D3AC0E==43@;/5<73B
E=@23<530@C79B7<D3@B@3993<;3BH33@6=53:C16BD=16B756372
g %://BA<==7B=0831B3<;3B=>3<DCC@H=/:A9//@A3<=>23/1B73D3AC0E==43@
g 3<3B9/03:<73B;3BD=16B7536/<23<D/AB>/993<=4//<A:C7B3<
g 3<3B9/03:C7B230CC@B6=C23<D/<E/@;B30@=<<3<
g 78H716B0/@303A16/2757<53<//<23<3B9/03:9/03:;/563B/>>/@//B<73B;33@530@C79BE=@23<3<
03A16/275239/03:;/5<73B53@3>/@33@2;//@;=3B1=;>:33BD3@D/<53<E=@23<
g #==7BHE/@3D==@E3@>3<=>23<3B9/03::3553<
g 3<3BAB3993@;=3B/:B782D@78B=35/<93:789H78<
g:A63B/>>/@//B532C@3<23:/<53@3B7820D7<23D/9/<B73<73BE=@2B530@C79B;=3B63BD/<63B
3:39B@717B37BA<3BE=@23<53A163723<2==@23AB3993@C7B63BAB=>1=<B/1BB3B@3993<3B/>>/@//B;=3B

NL
==9078=<E33@D/<63B3:39B@717B37BA<3BE=@23<53A163723<.=2=3<23E=@2B33<03A16/2757<52==@
0:79A3;7<A:/53<=D3@A>/<<7<5D3@67<23@2
g30@C79 533< @37<757<5A;7223:3<=4 163;7A163=>:=A;7223:3< //<53H73</<23@A 63B =>>3@D:/9
03A16/2752H=C9C<<3<@/93<
g'3>/@/B73A;=3B3</:B782E=@23<=D3@53:/B3<//<539E/:747133@2353A16==:23>3@A=<3<//<53H73<
;3</<23@AE=@2B0:==B53AB3:2//<53D//@:78936==5A>/<<7<53<=4/<23@353D/@3<
')&(*""%")'#% &(
7B/>>/@//B7A/9=3AB7A163<=>B7A16=>B7;//:/453AB3;2=> 23 $ +71B/:C72A>@393@A3@73 ;//@
D/<H3:4A>@393<29/<63B/>>/@//B==9E=@23<531=;07<33@2;3B/<23@3:C72A>@393@A
!3B3@07863B//<A:C7B3<D/<CE:C72A>@393@=>2/B/::3/>>/@/B3<C7B53A16/93:2H78<!3B==9=>238C7AB3
>=:7<5D/</::3:C72A>@393@9/03:AC7AB53>==:203B393<B2/B23>:CA>==:D/<2303B@3443<23C7B5/<57A
D3@0=<23<;3B23>:CA>==:D/<2303B@3443<237<5/<53<2/B23;7<>==:7A//<53A:=B3<=>2303B@3443<23
;7<>==:#33;B3D3<A23530@C79A//<E78H7<53<D/<CE@3137D3@D3@AB3@93@7</16B
#'&!
3B2==@23AC0E==43@E33@5353D3<4@3?C3<B7303@3797AD==@63B;3<A3:7893==@@C7;B3:789<73B6==@0//@
//@=;7A23>://BA7<5=D3@63B/:53;33<=<531=;>:7133@2,78/2D7A3@3<316B3@=;63B/>>/@//BD==@
236==@>://BA7<230CC@BD/<234@=<B:C72A>@393@B3>://BA3<+==@BA/2D7A3@3<E78=;3@=>B3:3BB3<2/B
23 /4AB/<2 <//@ D==@E3@>3< 3< ;C@3< H7823:7<5A 3< <//@ /16B3@3< B=3 B3<;7<AB3 1; 032@//5B
73@2==@D==@9=;BC2/B230/AE33@5/D3<35/B734E=@2B03[<D:=32
! !'!)!&(*""%
!2A..;@9B6A6;4&=.;;6;4@@05.829..?
3B03B@34B33<AC0E==43@;3B7<530=CE23D3@AB3@93@2//@=;;=3B23H3;3B23;3353:3D3@239/03:
=>63B3:39B@717B37BA<3BE=@23<//<53A:=B3<3<3BA>/<<7<593CH3A16/93://@7A7<234/0@7397<53AB3:2
=>+D==@530@C797<C@=>/
29.;4?678 /:A 23 AC0E==43@ 7< 23 +AB/<2 E=@2B //<53A:=B3< => 33< +<3B E=@2B 23
7<530=CE23D3@AB3@93@=<63@AB3:0//@D3@E=3AB
#<D2?@05.829..?16@=9.F:<12
%=E3@A16/93://@$# %=E3@A16/93://@ $
3/CB=;/B7A1637<C7BA16/93:7<5E=@2B53/1B7D33@2
.=2@/23AC0E==43@33<A75<//:D/<23@3137D3@=<BD/<5BE=@2B678
/CB=;/B7A16E33@7<53A16/93:23>=E3@:320@/<2B5@=3<
.=2@/ 23 AC0E==43@ 3<93:3 ;7<CB3< :/<5 533< A75<//: ;33@
=<BD/<5BE=@2B678/CB=;/B7A16E33@=D3@53A16/93:2=>AB/<20G
032@78423:320@/<2B@==2
<23AB/<20G;=23032@//5B63BAB@==;D3@0@C79,/BB
(C0E==43@C7B53A16/93:2:32
C7B
:A63B/>>/@//BD==@33<
:/<53@3>3@7=23<73BE=@2B
530@C79BD3@273<B23H3
7<AB3::7<523D==@93C@

NL
!!;4.;4
(:C7B23://5<7D3/CAC0E==43@C7B5/<5D/<CE@3137D3@(C0%@3$CB//<=>23!##7<5/<5D/<23
AC0E==43@H73/4033:27<573@D==@6334BC33<;=<=17<169/03:<=275036==@B<73BB=B23=;D/<5
D/<23:3D3@7<5
$>23C7B5/<5!# $*)9/<<=533<AC0E==43@E=@23<//<53A:=B3<
<<4;6C2.B;4.;42;
+==@ //<A:C7B7<5 => 23 6==5<7D3/C@353://@:C72A>@393@C7B5/<53< D/< 23 @3137D3@D3@AB3@93@ .73
/4033:27<5
!6C2.B?2429..?
"3B23H3@353://@9C<BC63B53:C72A<7D3/C7<63B:/53B=<3<03@379<//@E3<A7<AB3::3</673@D==@/:A
D=:5BB3E3@9
.3B230/A@353://@D/<CED3@AB3@93@7<23;7223<AB/<2:7<3/7@
29.;4?678 2@//723<7D3/C@353://@B=B23//<A:/5<//@96;8@ 9:37<AB3D=:C;3
.3B ;CH739 //< 3< D3@AB3@9 63B D=:C;3 ;3B 23 @353://@ D/< 23 D3@AB3@93@ B=B 27B 23
53E3<AB3E//@236334B
(B3:63B:/53B=<3<<7D3/C;3B23<7D3/C@353://@7<=>2353E3<AB3E//@23
&052616;4@3?2>B2;A62?2429..?
73@;33 AB3:B C 23 6==5AB3 4@3?C3<B73 7< 273 23 AC0E==43@ 9/< E33@53D3< < 1=;07</B73 ;3B 23
@39:C72A>@393@A273<B234@3?C3<B73B3E=@23<7<53AB3:2=>HmH7863B530@C79D/<AB//<23
:C72A>@393@A/2D7A3@3<E78=;23H37<B3AB3::3<=>HmH
.@[email protected]..?
$D3@63B/:53;33<;=3B234/A3A16/93://@E=@23<7<53AB3:2=>+f<33<3<93:3
C7BH=<23@7<59/<63B316B3@D/<D==@233:H78<234/A37<B3AB3::3<=>f078D==@033:2/:A23AC0E==43@
3<234@=<B:C72A>@393@A3@5D3@D/<3:9//@/4AB//<=47<53D/:D/<=<5C<AB753/9=3AB7A1633753<A16/>>3<
D/<23@C7;B3%@7<17>733:53:2B23AB/<2E//@07863B=<23@AB30/A7AB==<03@379D=::3@9:7<5B7A63B8C7AB3
-282?6;4
@;=53</::33<H393@7<53<E=@23<530@C79BD/<63BBG>32/BD3@;3:2AB//B7<23=>532@C9B32@736=39
<//AB23H393@7<56=C23@//<23/16B3@9/<BD/<23D3@AB3@93@
'!&)!&
=<475C@/B73 0/AA@34:3Fn4@=<B47@3o>@7<17>3
*7B@CAB7<5 1;:=<5AB@=932@7D3@
*7B5/<5AD3@;=53<'"(;/F ,/BB
@3?C3<B7303@379 mH
(163727<5A4@3?C3<B73 mH@353:0//@
4;3B7<53<0F6F2 FF;;
113AA=7@3A <3B9/03:
'!&*-!!)""%"(!

I
4?246<0962;A2
6;;.;G6 ABAA< . ?6;4?.G6.:< =2? .C2? @029A< B; =?<1<AA< " 6 0<;4?.AB96.:< 0<; 26
&024962;1<>B2@A<=?<1<AA<5..0>B6@A.A<B;.?A60<9<16>B.96AN?60<;<@06BA<6;ABAA<69:<;1<
.=?2456.:<1692442?2.AA2;A.:2;A292@24B2;A66;160.G6<;6=?6:.16:2AA2?26;3B;G6<;2496
.9A<=.?9.;A6
&C3AB=B@7/<5=:=1=<7:A7;0=:=23:4C:;7<3/DD7A/:oCB3<B3163/::o7<B3@<=23::o/>>/@31167=
A=<=>@3A3<B7B3<A7=<73:3D/B3163>=AA=<=>@=D=1/@3A1/@71633:3BB@7163>3@71=:=A3
:B@7/<5=:=1=<>C<B=3A1:/;/B7D=7<271//::oCB3<B323::o/>>/@31167=163<3:;/<C/:32oCA=
1=;>@3A=<3::/4=@<7BC@/A=<=>@3A3<B7/DD3@B3<H37;>=@B/<B727@7>/@/H7=<316323D=<=
3AA3@3/AA=:CB/;3<B3@7A>3BB/B3
))#.$##$#%''
BB3<H7=<3 %3@ 3D7B/@3 A1=AA3 3:3BB@7163 <=< W 1=<A3<B7B= />@7@3
:o/::=557/;3<B=235:7/:B=>/@:/<B7/:7;3<B/B=@7<3@7;C=D3@3:31=>3@BC@3
::oCB3<B3<=<W1=<A3<B7B=3443BBC/@3/:1C<7<B3@D3<B=27@7>/@/H7=<3:7
7<B3@D3<B7 27 @7>/@/H7=<3 >=AA=<= 3AA3@3 3A35C7B7 A=:= 2/ B31<717
?C/:7471/B7 #=< CB7:7HH/@3 /:1C</ >@3A/ 3:3BB@71/ = >@=:C<5/ 163 <=<
>=AA/3AA3@37<A3@7B/1=;>:3B/;3<B3<3::o/>>/@31167=
!-"! #"%'!'!&(%--
#?6:.1299.:2@@.6;2@2?06G6<@6=?24.1692442?2.AA2;A.:2;A2926@A?BG6<;6=2?9^B@<2=?2@2;A6
6@A?BG6<;6=2?9^B@<0<:=?2;1<;<.CC6@66:=<?A.;A6?29.A6C6.93B;G6<;.:2;A<29.@60B?2GG.&6
=?24.16?6@=2AA.?2ABAA292.CC2?A2;G2&6=?24.6;<9A?2160<;@2?C.?20<;0B?.92=?2@2;A66@A?BG6<;6
=2?9^B@<
g #=<3A>=@@3;/77:AC0E==43@/5=113=A>@CHH72o/1?C/#=<D723D=<=<3;;3<=3AA3@3/>>=557/B7
D/A7=/:B@71=<B3<7B=@71=<B3<3<B7:7?C727
g !/27AB/<H/B@/:/::=557/;3<B=23:AC0E==43@/BB7D=3:3>/@3B723::/AB/<H/=/:B@7=553BB7/23A;=07:7
>/@3B7/BB@3HH/B3<=<23D33AA3@37<43@7=@3271;AC<3AAC<:/B=
!/>7/AB@/7</::C;7<7==:3/:3BB327@/44@322/;3<B=23::/;>:7471/B=@3A3@D=<=>3@7:@/44@322/;3<B=
23::/;>:7471/B=@3;=<B/B=323D=<=>@3A3<B/@3/<163AA3C</27AB/<H/27/:;3<=1;2/5:7=553BB7
327<=:B@3<=<23D=<=3AA3@31=>3@B3/23AB3<2/
!/>3@BC@/32370/AA7@74:3AA723:AC0E==43@/BB7D=<=<23D=<=3AA3@31=>3@B32/=553BB7/23AB3<23
A7>/@7>3@>=B3@5/@/<B7@3C</AC447173<B3D3<B7:/H7=<323::/;>:7471/B=@3
g:AC0E==43@<=<23D33AA3@3;=<B/B=<3::3D717</<H3274=<B7271/:=@31=@>7B3@;717ABC43@/27/B=@7
47/;;3:703@3
g :AC0E==43@2=D@30033AA3@3CA/B=A=:/;3<B37</;073<B71=<B3;>3@/BC@/1=;>@3A/B@/3 f
:AC0E==43@/BB7D=<=<23D33AA3@3CB7:7HH/B=7</;073<B71=<C<B/AA=27C;727BP;=:B=3:3D/B=
g (7>@35/27<=<A7AB3;/@3AC:AC0E==43@/BB7D=/:1C<=553BB=/47/;;3:703@3/23A1/<23:3
g #=<B=11/@3=1=::35/@37:1/D=27/:7;3<B/H7=<31=<;/<7C;723
g )3<3@3:=<B/<=7:1/D=27/:7;3<B/H7=<32/@7A1/:2/;3<B7
g &C/:=@/7:1/D=27/:7;3<B/H7=<3@7AC:B7D7A707:;3<B32/<<3557/B=13AA/@37;;327/B/;3<B3:oCB7:7HH=
23::o/>>/@31167=(=AB7BC7@33<=<@7>/@/@37:1/D=2/<<3557/B=
g #=<>=557/@3;/7=553BB7>3A/<B7AC:1/D=27/:7;3<B/H7=<3
g :1/D=27/:7;3<B/H7=<323D33AA3@3A3;>@3/113AA707:3
g(3:o/>>/@31167=<=<WCB7:7HH/B=>3@C<>3@7=2=>@=:C<5/B=/23AD/1/<H3A71=<A75:7/27AB/11/@3
:/A>7</2/::/>@3A/271=@@3<B3<1637<1/A=27B3;>=@/:3W<313AA/@7=A1=::35/@3:o/>>/@31167=
2/::/@3B33:3BB@71/<?C3AB=;=2=A73D7B/7:2/<<3557/;3<B=2/4C:;7<3=A=D@/B3<A7=<3

I
g #=< CA/@3 >@=2=BB7 >3@ :/ >C:7H7/ = A=:D3<B7 167;717 163 >=AA=<= 2/<<3557/@3 :/ AC>3@47173
23::o/>>/@31167=
g:77<B3@D3<B727@7>/@/H7=<323D=<=3AA3@3/4472/B7A3;>@3/2/223BB7A>317/:7HH/B7>=716V/:B@7;3<B717
A73A>=<3/2/:B3B3<A7=<7>3@71=:=A3=/:B@7@7A167
&(*""%'')"")'#% &(
&C3AB= />>/@31167= A7 /2/BB= =BB71/;3<B3 32 /1CAB71/;3<B3 /::/ A3@73 27 /:B=>/@:/<B7 $ +)
%'"$DD7/;3<B3>C^3AA3@31=;07</B=/<1631=<?C/:A7/A7/:B@=B7>=27/:B=>/@:/<B3
%@7;/271=::35/@35:7/:B=>/@:/<B7W<313AA/@7=/AA71C@/@A7163BCBB75:7/>>/@31167A7/<=27A/BB7D/B7<=:B@3
/AA71C@/@A7163BCBB771/D7235:7/:B=>/@:/<B7/007/<=C</>=:/@7HH/H7=<31=@@3BB/D/:3/27@31637:>=:=
>=A7B7D=23::/@3:/B7D/CA17B/A7/1=::35/B=1=:>=:=>=A7B7D=23::/@7A>3BB7D/3<B@/B/327:>=:=<35/B7D=1=<
7:@7A>3BB7D=>=:=<35/B7D=(7>@35/7<=:B@327=AA3@D/@3:37<271/H7=<723BB/B3<3:;/<C/:32oCA=23:>@=>@7=
@713D7B=@3/;>:7471/B=@33235:7/:B=>/@:/<B7
"!'"
!/4@3?C3<H/B@/A;3AA/2/:AC0E==43@<=<W>3@13>707:32/::oC27B=C;/<=3>3@?C3AB=7<53<3@/:37:
;=<B/557= <=< @7AC:B/ >/@B71=:/@;3<B3 2744717:3 (7 1=<A75:7/ BCBB/D7/ C</ A7AB3;/H7=<3 2/D/<B7 /::/
>=AB/H7=<327/A1=:B=D717<=/5:7/:B=>/@:/<B74@=<B/:7(71=<A75:7/7<=:B@327;/<B3<3@3C</27AB/<H/:/B3@/:3
3 2/::/ >/@B3 >=AB3@7=@3 D3@A= =553BB7 3 >/@3B7 27 /:;3<= 1; < 1/A= 1=<B@/@7= >=B@3003 3AA3@3
1=;>@=;3AA/:/@7>@=2CH7=<32370/AA7
!'"!'%""&(*""%(%
" !'"%'!'%%(''"%&-"!'!&"!%'
AA3<2=C<AC0E==43@1=</;>:7471/B=@37<B35@/B=23D33AA3@31=::35/B=/::/@3B3;327/<B37:1/D=4=@<7B=
7<2=B/H7=<3:A3:3BB=@323::/B3<A7=<327@3B3JW7;>=AB/B=7<4/00@71//+>3@C<7;>735=<3::o/@3/
3C@=>3/
<9A< 6:=<?A.;A2 A3 7: AC0E==43@ D73<3 1=::35/B= /2 C</ @3B3 + 7< >=A7H7=<3 + D73<3
7<3D7B/07:;3<B327AB@CBB=:/;>:7471/B=@37<B35@/B=
!'%%(''"%!&"!)&(---"!"&''""#%')"
!%&&"!!
=::35/@3:oCA17B/237:7D3::70/AA723:AC0E==43@23:>@=>@7=@713D7B=@3(C0%@3$CB1=<:o7<5@3AA=!#
#23:AC0E==43@D327475%3@?C3AB/=>3@/H7=<3W<313AA/@7=C<1/D="=<=7<16<=<1=;>@3A=
<3::/4=@<7BC@/
BB@/D3@A=:/BB/11=!# $*)W>=AA707:31=::35/@3C<C:B3@7=@3AC0E==43@
<B3@@CBB=@327/113<A7=<3$# <B3@@CBB=@327/113<A7=<3 $
!o/113<A7=<3A>35<7;3<B=/CB=;/B71=W/BB7D/B/
&C/<2=7:AC0E==43@@713D3C<A35</:32/:@713D7B=@3?C3AB7A7
/113<23/CB=;/B71/;3<B337:!WD3@23
&C/<2=7:AC0E==43@<=<@713D3>7c/:1C<A35</:32=>=/:1C<7
;7<CB7>/AA//CB=;/B71/;3<B37<;=2/:7BPAB/<20G7:!W
@=AA=
=<AC;=3<3@53B71=7<;=2/:7BPAB/<20G,
(C0E==43@W27A/BB7D/B=7:!W
A>3<B=
&C/<2=:/>>/@31167=<=<D73<3
CB7:7HH/B=>3@C<>3@7=2=
>@=:C<5/B=A71=<A75:7/27
A135:73@3?C3AB/7;>=AB/H7=<3

I
!%&&)'
%3@7:1=::35/;3<B=/::3CA17B3237:7D3::7/:B723:@35=:/B=@3/:B=>/@:/<B323:@713D7B=@3/;>:7471/B=@3(7D32/
75
%"'"%)"
=<?C3AB=@35=:/B=@3A77;>=AB//>7/13@37:D=:C;32370/AA7
%=@B/@37<>=A7H7=<313<B@/:3:7<3/@37:@35=:/B=@32370/AA7<3::o/;>:7471/B=@3
<9A< 6:=<?A.;A2 57@/@3 7: @35=:/B=@3 23: :7D3::= 47<= /::/ >=A7H7=<3 2o/@@3AB= @6;6@A?. D=:C;3
;7<7;=
113<23@3:/;CA71/32/C;3<B/@3/>7/13@37:D=:C;31=<7:@35=:/B=@323::o/;>:7471/B=@3
=<7:@35=:/B=@323::7D3::=>=@B/@37::7D3::=2370/AA7/:D=:C;323A723@/B=
%"'"%&#%-"!%$(!-
+/<<=@35=:/B7A31=<2=:/4@3?C3<H/>7c3:3D/B//::/?C/:3=>3@/7:AC0E==43@<1=;07</H7=<31=<5:7
/:B=>/@:/<B72/A1/44/:3:/4@3?C3<H/2=D@30033AA3@37;>=AB/B/ACHmHA3A77;>735/<=
/:B=>/@:/<B747AA7W1=<A75:7/B/C<o7;>=AB/H7=<3ACHmH
^!'%%('"%&
#3:4C<H7=</;3<B=<=@;/:3A71=<A75:7/27>=A7H7=</@3:7<B3@@CBB=@3274/A3ACf<>=1671/A7>=B@3003
3AA3@3D/<B/557=A=7;>=AB/@3:/4/A3ACf/23A<1/A=2727AB/<H/3:3D/B/B@/AC0E==43@35:7
/:B=>/@:/<B724@=<B/:7=7<1/A=271/@/BB3@7AB7163/1CAB7163A4/D=@3D=:723::/;073<B33<3@/:;3<B3D/:3
!/>=A7H7=<31=@@3BB/W?C3::/<3::/?C/:37:1/;>=23:AC=<=4=<2/;3<B/:37<43@7=@3@7AC=</7<;=2=>7c
>73<=
(&
3D=<=3AA3@37;>735/B7A=:=4CA707:723:B7>=7<271/B=AC:@3B@=23::o/;>:7471/B=@3<3:B@7/<5=:=AB/;>/B=
2747/<1=/:>=@B/4CA707:3
''!
=<475C@/H7=<3 /AA@34:3F>@7<17>7=p4@=<B47@3o
=B/H7=<3 117B/B=@3/1=@A/:C<5/2/1;
%=B3<H/2oCA17B/'"(;/F ,/BB
/;;/274@3?C3<H/ mH
@3?C3<H/27B/5:7= mH@35=:/07:3
7;3<A7=<7:/@56F/:BF>@=4 FF;;
113AA=@7 /D=27@3B3
"!%&%)##"%'% "'!

E
@A6:.1<0962;A2
;=?6:2?9B4.?;<@4B@A.?W.1.?929.@4?.06.@=<?5./2?<=A.1<=<?B;=?<1B0A<12"F92
1.:<@;B2@A?.:M@@6;02?.2;5<?./B2;.F.>B24?.06.@.@B@./6.292006X;@25.0<;C2?A61<2;
=?<=?62A.?6<12B;=?<1B0A<0<;B;.0.961.1?20<;<061.2;A<1<29:B;1<
2..A2;A.:2;A29.@@64B62;A2@.1C2?A2;06.@.;A2@12=<;2?2;:.?05.@B@.9A.C<02@
:B@7O<5C:=1=<3:AY;0=:=23C<@/G=/2D73@B3/:CAC/@7=?C33<3:7<B3@7=@23:/>/@/B=
17@1C://:B=D=:B/833:?C3>C323>@=D=1/@>3:75@=A/A23A1/@5/A3:V1B@71/A
: B@7O<5C:= 1=< 3: AY;0=:= 23 3F1:/;/17]< :3 A3\/:/ /: CAC/@7= ?C3 3< 3: ;/<C/: 23
7<AB@C117=<3A/28C<B/2=A3>C323<3<1=<B@/@7;>=@B/<B3A1=<A38=A>/@/3:4C<17=</;73<B=
G:/;/<B3<17]<@3>/@/17=<3A23:>@=2C1B=:=A?C33<B=2=1/A=B73<3<?C31=<A723@/@A3
%!'$('!)'#$''
)#q#%/@/3D7B/@23A1/@5/A3:V1B@71/A<=/0@7@:/1/@1/A/23:=A
/:B/D=13A3<16C43<7@3B7@/@:/A1C073@B/A#7<5C</@3>/@/17]<2303A3@
6316/>=@3:CAC/@7=k!/A@3>/@/17=<3A2303<@3/:7H/@:/AA]:=BV1<71=A
3A>317/:7H/2=A#=CB7:7H/@B=;/A231=@@73<B3=1/0:3A/:/@5/2=@3A?C3
<=A3/1=>:3<7<B35@/;3<B31=<3:3<16C4323:/>/@/B=
!_!&(% #"%'!'
#<?3.C<?92..A2;A.:2;A229:.;B.9126;@A?B006<;2@.;A2@12BA696G.?29=?<1B0A<9:.;B.912
6;@A?B006<;2@ 0<;A62;2 6;160.06<;2@ 6:=<?A.;A2@ =.?. 29 3B;06<;.:62;A< F 9. @24B?61.1 129
=?<1B0A<&64../@<9BA.:2;A2A<1.@9.@6;160.06<;2@B.?122;B;9B4.?@24B?<2@A2:.;B.912
6;@A?B006<;2@
g #=3F>=<3@<C<1/3:AC0E==43@/A/:>71/2C@/AG16=@@=A23/5C/:AC0E==43@B/;>=1=2303
CB7:7H/@A3>/@/1=:=1/@4:=@3@=AC=B@=A@317>73<B3A::3</2=A23:Y?C72=
g #=3F>=<3@<C<1/3:AC0E==43@/A/:>71/2C@/AG16=@@=A23/5C/:AC0E==43@B/;>=1=2303
CB7:7H/@A3>/@/1=:=1/@4:=@3@=AC=B@=A@317>73<B3A::3</2=A23:Y?C72=
!/27AB/<17/3<B@3:/1/8/23:AC0E==43@/1B7D=G:/A>/@323AC=B@=A=083B=A>38;C30:3A3AB/<B3@Y/A
<=2303A3@;3<=@/1;3<<7<5C<=23:=A:/2=A
!/A>:/1/A23/:C;7<7=G:/A/:3B/A23D3<B7:/17]<C071/2/A3<:/>/@B3>=AB3@7=@23:AC0E==43@/1B7D=
?C3A7@D3<>/@/3<4@7/@3:/;>:7471/2=@7<1=@>=@/2=B/;07V<2303<3AB/@/>=@:=;3<=A1;23
27AB/<17/23B=2=A:=A=083B=AGA73;>@323AB/>/2/AG<=1C073@B/A>=@38>=@1=@B7</A
!/A/>3@BC@/A23@34:3F7]<230/8=A23:AC0E==43@/1B7D=2303<3AB/@A73;>@323AB/>/2/AG<=
1C073@B/A>38>=@1=@B7</A/47<23/A35C@/@://231C/2/D3<B7:/17]<23:/;>:7471/2=@
g:AC0E==43@/1B7D=<=2303A3@>C3AB=13@1/234C3<B3A231/:=@1/:34/1B=@3A6=@<=A@/27/2=@3A
167;3<3/A
g *B7:7133: AC0E==43@ b<71/;3<B3 /C</B3;>3@/BC@//;073<B3 23 A/:/ 3<B@3 jGj :
AC0E==43@/1B7D=<=2303A3@CB7:7H/2=3<6/07B/17=<3A1=<6C;32/2/;073<B/:;CG3:3D/2/
g '=5/;=A<=1=:=1/@=083B=A1=<::/;//073@B/>38D3:/AA=0@33:AC0E==43@/1B7D=
g #=B=1/@<73<16C4/@3:1/0:3231=<3F7]<3:V1B@71/1=<:/A;/<=A6b;32/A
g "/<B3<3@3:1/0:3:38=A231/:34/1B=@3AG<=1=:=1/@<C<1/=083B=A>3A/2=AA=0@3V:
g #=1=<B7<b3CB7:7H/<2=3:27A>=A7B7D=A73F7AB3<A3\/:3AD7A70:3A2323B3@7=@=3<3:1/0:323/:7;3<B/17]<
*<1/0:323B3@7=@/2=<=2303A3@@3>/@/2=A7<=@33;>:/H/2=
g #==0AB@C7@3:/113A=/:3<16C43
g<1/A=23?C3<=A3CB7:713<3:/>/@/B=GACA1=;>=<3<B3A>=@C<:/@5=B73;>=>=@383;>:=/:7@23
D/1/17=<3A2303@3B7@/@3:3<16C4323/:7;3<B/17]<23:B=;/1=@@73<B3A7;7A;=230323A3<16C4/@A3
3:/>/@/B=3<1/A=23B=@;3<B/A3:V1B@71/A>/@/3D7B/@2/\=A>=@:/1/Y2/23@/G=AGAC072/A23
D=:B/83

E
g #=CB7:713>@=2C1B=A23:7;>73H/=27A=:D3<B3A?CY;71=A2C@/<B3:/:7;>73H/::=>=2@Y/2/\/@:/
AC>3@4717323:27A>=A7B7D=
g!/A@3>/@/17=<3AB73<3<?C3A3@6316/AA73;>@3>=@BV1<71=A3A>317/:7H/2=AG/?C33:CAC/@7=1=@@3
3:>3:75@=233F>=<3@A3//:B=AD=:B/83A=/=B@=AB7>=A23@73A5=A
&(*""%')"")'#% &(
(7073< 3AB3/>/@/B=3ABO/2/>B/2=234=@;/]>B7;/B/<B=]>B71/1=;= /1bAB71/;3<B3/:/A3@73 23
/:B/D=13A$+)%'">=@AC>C3AB=B/;07V<>C323CB7:7H/@A31=;07</2=1=<=B@=A/:B/D=13A
:1=<31B/@AC7<AB/:/17]<23/:B/D=13A/A35b@3A3 23 ?C3B=2=A:=A/>/@/B=A3ABO<23A1=<31B/2=A
A7;7A;=1=;>@C303?C3B=2=A:=A1/0:3A23:=A/:B/D=13A3ABO<1=:=1/2=A1=<:/>=:/@72/21=@@31B/
3A2317@?C33:>=:=>=A7B7D=23:/A/:72/1=@@3A>=<273<B33ABO1=<31B/2=/:>=:=>=A7B7D=23:/3<B@/2/
1=@@3A>=<273<B3G?C33:>=:=<35/B7D=3ABV1=<31B/2=1=<AC>=:=<35/B7D=1=@@3A>=<273<B3(75/:/A
7<AB@C117=<3A23;/<38=23AC@313>B=@/;>:7471/2=@G:/A23:=A/:B/D=13A
"""!
: 1/;>= 23 4@31C3<17/ ?C3 2/ 3: AC0E==43@ <= 3A :=1/:7H/0:3 >=@ 3: =Y2= 6C;/<= >=@ := ?C3 :/
1=:=1/17]<<= AC3:3 @3AC:B/@ >@=0:3;OB71/ #= =0AB/<B33A >@343@70:3 1=:=1/@:= 23:/<B3 23: :C5/@ 23
/C2717]<13@1/23:/:B/D=H4@=<B/:A7;7A;=A3@31=;73<2/?C3:/27AB/<17/:/B3@/:G:/B@/A3@/23=083B=A
G>/@323AA3/23/:;3<=A1;G/?C33<1/A=1=<B@/@7=:/@3>@=2C117]<23A=<72=A0/8=A>C323D3@A3
/431B/2/
"& !'"& !"&(*""%(%
"!+_!% &'"%'!&_!%
/2=?C3A3B@/B/23C<AC0E==43@1=</;>:7471/2=@7<1=@>=@/2=VAB323031=<31B/@A3/:/:Y<3/23
/:7;3<B/17]</B@/DVA23:1/0:3/28C<B=:A3:31B=@23B3<A7]<23@326/A72=/8CAB/2=23A23:/4O0@71/
/+>/@/AC3;>:3=3<3:O;07B=3C@=>3=
BF6:=<?A.;A2(73:AC0E==43@A31=<31B/3<:/>=A717]<+/:/@3223+k3AB=23AB@C7@O
4=@H=A/;3<B33:/;>:7471/2=@7<1=@>=@/2=
!'%%(#'"%#"*%!"%&'"(!"! !'"
!'%&!!
=<31B3:/A/:72/230/8=<7D3:23:AC0E==43@23AC@313>B=@(C0%@3$CB1=<:/3<B@/2/!##23:
AC0E==43@DV/A3:/7:CAB@/17]<%/@/3::=<313A7B/@OC<1/0:3;=<=17<16<=3ABO 7<1:C72=3<3:
;/B3@7/:AC;7<7AB@/2=
%=@;327=23:1=<31B=@63;0@/!# $*)3A>=A70:31=<31B/@=B@=AC0E==43@
<B3@@C>B=@%=E3@$# <B3@@C>B=@%=E3@$
:3<13<272=/>/5/2=/CB=;OB71=3A/1B7D/2=
(73:AC0E==43@@31703C</A3\/:23:@313>B=@A33<173<23
/CB=;OB71/;3<B3G3:27=2=:C;7<=A=A37:C;7</3<D3@23
(73:AC0E==43@G/<=@31703<7<5C</A3\/:B@/AC<=A>=1=A;7<CB=A
>/A/@O/CB=;OB71/;3<B3/:;=2=AB/<20GG3:27=2=:C;7<=A=A3
7:C;7</3<@=8=
=<AC;=233<3@5Y/3<3AB/2=23AB/<20GD/B7=
(C0E==43@/>/5/2=
7=2=:C;7<=A=/>/5/2=
(73:/>/@/B=<=D//
CB7:7H/@A32C@/<B3C<:/@5=
3A>/17=23B73;>=A3
@31=;73<2/?C3A3
A3:3117=<33AB3;=2=
Table of contents
Languages:
Other Heco Subwoofer manuals

Heco
Heco PHALANX MICRO 200A User manual

Heco
Heco NEW PHALANX 302A User manual

Heco
Heco ULTRASPACE 510 A User manual

Heco
Heco VICTA ELITE SUB 252A Planning guide

Heco
Heco CELAN REVOLUTION SUB 32A Planning guide

Heco
Heco New Phalanx 203F Planning guide

Heco
Heco AURORA SUB 30A Planning guide

Heco
Heco AMBIENT SUB 88 F Planning guide