Teatro incontri 2015 Allegati
Iniziativa realizzata nell’ambito
dell’accordo di proogramma
Reteventi Cultura Veneto PROVINCIA DI VICENZA REGIONE DEL VENETO
Regione del Veneto Direzione Cultura e Spettacolo
Provincia di Vicenza Cultura, Beni Culturali, Spettacoli,
TEATRO INCONTRI 2015
Giovedì 16 Aprile 2015 ore 9,30
CONTATTI
Sala Consiliare
Palazzo Nievo ____________________
ENSEMBLE VICENZA
0444/971564
THEAMA TEATRO
Vicenza 0444 322525
LA PICCIONAIA – I CARRARA
0444/ 541819
GLOSSA TEATRO
0444/595773
PROVINCIA DI VICENZA
0444/908214
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La Piccionaia S.C.S è un Centro di Produzione Teatrale riconosciuto dal Ministero dei Beni e delle
Attività Culturali.
La nostra struttura nasce dalla storica famiglia d’arte dei Carrara, che fondò la cooperativa nel
1975. Da allora la struttura si è evoluta, articolandosi in termini aziendali ed aprendosi
artisticamente al contemporaneo, al rapporto con il territorio ed allo sviluppo di nuovi linguaggi per i
giovani.
Siamo una rete di professionisti accomunati dal progetto di costruire e diffondere la cultura del
teatro con particolare attenzione alla nuove generazioni, realizzando spettacoli, laboratori, eventi
performativi e progetti culturali che narrano la realtà contemporanea, le sue tensioni, la sua
complessità.
Per l’edizione 2015 offriremo al pubblico di Teatro Incontri nove spettacoli che si inseriranno in tre
filoni principali: genere brillante, celebrazioni Prima Guerra e bambini e famiglie.
Una scelta dovuta al trend positivo e all’interesse che le Amministrazioni Comunali hanno saputo
riconoscere al lavoro svolto in questi anni.
Un’offerta artistica che oltre ad unire qualità ed intrattenimento, mira a creare nuove sinergie tra
teatro, nuove tecnologie e contenuti sempre più adatti ad essere esportati anche in luoghi non
prettamente teatrali.
Di seguito i tre filoni che abbiamo pensato per inpiduare al meglio l’offerta artistica:
• Genere brillante: è il filone su cui si inseriscono le produzioni de LA LOCANDEJRA di Titino
Carrara e David Conati, OLD ROCK CLOWN PAINTING SHOW di Gianni Franceschini e
TAMBURI PAZZI di Valter Rado.
• Celebrazioni Prima Guerra: è il filone riguardante le commemorazioni sulla Grande Guerra ed
in cui si inserisce IL BUON SOLDATO SC’VEIK di Armando Carrara liberamente tratto dal
celebre romanzo di Jaroslov Hasek.
• Bambini e famiglie : si inseriscono in questo filone gli spettacoli di teatro ragazzi come
FAVOLE AL (VIDEO) TELEFONO di Carlo Presotto e Titino Carrara liberamente tratto da
Favole al Telefono di Gianni Rodari, IL GIGANTE SOFFIASOGNI di Carlo Presotto e Titino
Carrara liberamente tratto dal celebre romanzo di Roald Dahl, I TRE PORCELLINI. Rosa
Rosetta e Rosmarino di Ketti Grunchi, STORIA DI UNA SIRENETTA di Pippo Gentile e
CIRIPIRIPI’ LA VITA E’ FESTA di Gianni Franceschini.
L’offerta economica
GENERE BRILLANTE
• LA LOCANDEJRA
di Titino Carrara e David Conati
Cachet € 1.400,00 + iva 10% (€ 1.540,00 lordi)
A carico della Provincia (55%) : € 847,00 iva compresa
A carico del Comune (45%) : € 693,00 iva compresa
• TAMBURI PAZZI
di Valter Rado
Cachet € 1.400,00+ iva 10% (€ 1.540,00 lordi)
A carico della Provincia (55%) : € 847,00 iva compresa
A carico del Comune (45%) : € 693,00 iva compresa
• OLD ROCK CLOWN PAINTING SHOW
di Gianni Franceschini
Cachet € 1.200,00 + iva 10% (€ 1.320,00 lordi)
A carico della Provincia (55%) : € 726,00 iva compresa
A carico del Comune (45%) : € 594,00 iva compresa
CELEBRAZIONI PRIMA GUERRA
• IL BUON SOLDATO SC’VEIK
di Armando Carrara
Cachet € 1.200,00 + iva 10% (€ 1.320,00 lordi)
A carico della Provincia (55%) : € 726,00 iva compresa
A carico del Comune (45%) : € 594,00 iva compresa
BAMBINI E FAMIGLIE
• IL GIGANTE SOFFIASOGNI
di Carlo Presotto e Titino Carrara
Cachet € 1.300,00 + iva 10% (€ 1.430,00 lordi)
A carico della Provincia (55%) : € 786,50 iva compresa
A carico del Comune (45%) : € 643,50 iva compresa
• FAVOLE AL (VIDEO) TELEFONO
di Carlo Presotto e Titino Carrara
Cachet € 1.200,00 + iva 10% (€ 1.320,00 lordi)
A carico della Provincia (55%) : € 726,00 iva compresa
A carico del Comune (45%) : € 594,00 iva compresa
• I TRE PORCELLINI. Rosa, Rosetta e Rosmarino
di Ketti Grunchi
Cachet € 1.200,00 + iva 10% (€ 1.320,00 lordi)
A carico della Provincia (55%) : € 726,00 iva compresa
A carico del Comune (45%) : € 594,00 iva compresa
• STORIA DI UNA SIRENETTA
di Pippo Gentile
Cachet € 1.200,00 + iva 10% (€ 1.320,00 lordi)
A carico della Provincia (55%) : € 726,00 iva compresa
A carico del Comune (45%) : € 594,00 iva compresa
• CIRIPIRIPI’ LA VITA E’ FESTA
di Gianni Franceschini
Cachet € 1.100,00 + iva 10% (€ 1.210,00 lordi)
A carico della Provincia (55%) : € 665,50 iva compresa
A carico del Comune (45%) : € 544,50 iva compresa
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ƉƌĞƐĞ ĐŽŶ ů͛ĂƉƉĂƐƐŝŽŶĂƚŽ ů ŽŵĂŶĚĂŶƚĞ͕ ŝů ƐŽůŝƚĂƌŝŽ ŚĞŵŝŶ ĚĞ &Ğƌ Ğ͕ ƐŽƉƌĂƚƚƵƚƚŽ͕ ƉƌĞĚĂ Ğ
ĐĂĐĐŝĂƚƌŝĐĞ Ěŝ <ŶŝĨĞ ^ŵŝƚŚ ͕ ͞ŐƌŝŶŐŽ͟ ĂĨĨĂƐĐŝŶĂŶƚĞ Ğ ƉĞƌŝĐŽůŽƐŽ͘ /ů ƚƵƚƚŽ ƉŽƐƚŽ ƐŽƚƚŽ ůŽ ƐŐƵĂƌĚŽ
ŝŵƉƌĞǀĞĚŝďŝůĞ Ěŝ WĂŶĐŚŽ WĞĚƌŽ͘͟
Ěŝ ůĞƐƐĂŶĚƌĂ ŐŽƐƚŝ ƚƌĂƚƚŽ ĚĂ /ů 'ŝŽƌŶĂůĞ Ěŝ sŝĐĞŶnjĂ ĚĞů Ϯϭ ŐŝƵŐŶŽ ϮϬϭϰ
͞/ů ƚĞƐƚŽ Ěŝ ĂƌůŽ 'ŽůĚŽŶŝ ƉƌĞǀĞĚĞ ƉĞƌ >Ă >ŽĐĂŶĚŝĞƌĂ ƐĞƚƚĞ ĂƚƚŽƌŝ͘ dŝƚŝŶŽ ŶĞ ďĂƐƚĂŶŽ ƚƌĞ͗ ůƵŝ ĐŚĞ
ŝŶƚĞƌƉƌĞƚĂ ĐŽŶ ůĂ ƐŝĐƵƌĞnjnjĂ ĚĞů ǀĞƚĞƌĂŶŽ ŝ ƚƌĞ ĂǀǀĞŶƚŽƌŝ ƌŝǀŽůƵnjŝŽŶĂƌŝ ŽĨĨƌĞŶĚŽ ƉŝƵ͛ ƐƉĂnjŝŽ Ăů 'ƌŝŶŐŽ
Ğ ĂůůĂ ƐƵĂ ƚĞŶnjŽŶĞ ĂŵŽƌŽƐĂ ĐŽŶ ůĂ ƉĂĚƌŽŶĂ ĚĞůů͛ĂůďĞƌŐŽ͖ DĂƌĐŽ ŽƉƉĞůůŽ ďƌŝŽƐŽ Ğ ƐƉŝŐůŝĂƚŽ ŶĞů
ƌĂƉƉƌĞƐĞŶƚĂƌĞ ůĂ ĐŽŶĨƵƐŝŽŶĂƌŝĂ ŐĞůŽƐŝĂ Ěŝ WĂŶĐŚŽ WĞĚƌŽ͖ 'ŝŽƌŐŝĂ ŶƚŽŶĞůůŝ ƐŽƌƌŝĚĞŶƚĞ ůŽĐĂŶĚĞũƌĂ
ĐŚĞ ƐĞŵďƌĂ ƐƉƌŽǀǀĞĚƵƚĂ ŵĂ ĐŚĞ ƐĂ ͞ĂŶĐĂ ŵĂƐƐĂ͟ ŝů ĨĂƚƚŽ ƐƵŽ͘ ƉƉůĂƵƐŝ ĐŽŶǀŝŶƚŝ Ğ ƐĐƌŽƐĐŝĂŶƚŝ ĚĂů
ƉƵďďůŝĐŽ ĚĞůůĂ ƉƌŝŵĂ ǀŝĐĞŶƚŝŶĂ͘͟
Ěŝ >ŝŶŽ ŽŶŝŶ ƚƌĂƚƚŽ ĚĂ /ů 'ŝŽƌŶĂůĞ Ěŝ sŝĐĞŶnjĂ ĚĞů Ϯϯ ŐŝƵŐŶŽ ϮϬϭϰ
ŝƐƉŽŶŝďŝůŝƚă͗ ĚĂ ŐŝƵŐŶŽ ;ĚĂ ǀĞƌŝĨŝĐĂƌĞ ŝů ƉĞƌŝŽĚŽ Ěŝ ĚŝƐƉŽŶŝďŝůŝƚăͿ
ƵƌĂƚĂ͗ ϴϬ ŵŝŶ
>Ž ƐƉĞƚƚĂĐŽůŽ ƉƵž ĞƐƐĞƌĞ ƌĂƉƉƌĞƐĞŶƚĂƚŽ ŝŶ ĐŽƌƚŝ Ğ ůƵŽŐŚŝ ƉĂƌƚŝĐŽůĂƌŵĞŶƚĞ ƌĂĐĐŽůƚŝ͕ ƉƌĞǀŝŽ ƐŽƉƌĂůƵŽŐŽ ĚĂ
ĐŽŶĐŽƌĚĂƌĞ͘ /ů ƐŝƚŽ ĚĞǀĞ ĞƐƐĞƌĞ ƉƌŽƚĞƚƚŽ ĚĂ ƌƵŵŽƌŝ Ğ ůƵĐŝ͘
ƐŝŐĞŶnjĞ dĞĐŶŝĐŚĞ Ăůů͛ĂƉĞƌƚŽ Ăů ĐŚŝƵƐŽ ʹ ŵŝŶŝŵŽ
ŝŵĞŶƐŝŽŶŝ ƉĂůĐŽ ŵ͘ϴ dž ŵ͘ϴ ŵ͘ ϴ dž ŵ͘ ϲ ʹ ĂůƚĞnjnjĂ ŵ͘ ϰ͘ϱ
ĂƌŝĐŽ ůƵĐŝ <ǁ ϮϬ <ǁ ϮϬ
dĞŵƉŝ Ěŝ ŵŽŶƚĂŐŐŝŽ ϰ ŽƌĞ ĐŝƌĐĂ ϰ ŽƌĞ ĐŝƌĐĂ
dĞŵƉŝ Ěŝ ƐŵŽŶƚĂŐŐŝŽ ϭ ŽƌĂ ĐŝƌĐĂ ϭ ŽƌĂ ĐŝƌĐĂ
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Ěŝ sĂůƚĞƌ ZĂĚŽ
ĐŽŶ sĂůƚĞƌ ZĂĚŽ Ğ DĂƐƐŝŵŽ dƵnjnjĂ
^ƉĞƚƚĂĐŽůŽ ĐŽŵŝĐŽͬŵƵƐŝĐĂůĞ ĚŽǀĞ ŵƵƐŝĐĂ Ğ ĐŽŵŝĐŝƚă Ɛŝ ƐŽƐƚĞŶŐŽŶŽ Ă ǀŝĐĞŶĚĂ͕ Ɛŝ ĂŵƉůŝĨŝĐĂŶŽ
ƌĞĐŝƉƌŽĐĂŵĞŶƚĞ Ă ƌĂĐĐŽŶƚĂƌĞ ƐƚŽƌŝĞ ŶĞůůŽ ƐƚŝůĞ Ěŝ ƵŶ ŐĞŶƵŝŶŽ Ğ ŽƌŝŐŝŶĂůĞ ƐůĂƉƐƚŝĐŬ͘
ZĂƉŝĚŝ ĐĂŶŽǀĂĐĐŝ ĐŽŶ Ĩƌŝnjnjŝ Ğ ůĂnjnjŝ Ěŝ ĞůŽƋƵĞŶƚĞ ĨŝƐŝĐŝƚă Ğ ƌŝƚŵŝ ƐƉĂƐƐŽƐŝ ĐŚĞ ĂƌƌŝǀĂŶŽ ĚƌŝƚƚŽ ŝŶ ƉĂŶĐŝĂ
ĂŐůŝ ƐƉĞƚƚĂƚŽƌŝ͘ dƌŽǀĂƚĞ ĞƐŝůĂƌĂŶƚŝ ĐŚĞ ĐĂƚĂƉƵůƚĂŶŽ ŝů ƉƵďďůŝĐŽ ŝŶ ƵŶ ŵŽŶĚŽ ƐƵƌƌĞĂůĞ ĚŽǀĞ ů͛ĞĐůĞƚƚŝĐŽ
ZĂĚŽ Ğ ŝů ĨŽůůĞƚƚŽ dƵnjnjĂ ĚĂŶŶŽ ǀŝƚĂ ĐŽŶ ůĞŐŐĞƌĞnjnjĂ ŝŵƉĂnjnjŝƚĂ ĂĚ ŽŐŐĞƚƚŝ ƐƚƌĂŵƉĂůĂƚŝ͕ ĂŶŝŵĂůŝ
ŝŵƉƌŽďĂďŝůŝ͕ ƐŝƚƵĂnjŝŽŶŝ ŝŶǀĞƌŽƐŝŵŝůŝ͘ / ĚƵĞ ƐƚƌĂůƵŶĂƚŝ ĐŽŵŝĐŝ͕ ƚƌĂ ŝŶǀĞŶƚŝǀĂ͕ ƐŽƌƉƌĞƐĞ͕ ƉŽĞƐŝĂ Ğ
ĂůůĞŐƌŝĂ͕ ĐŽŶĚƵĐŽŶŽ ŝů ƉƵďďůŝĐŽ ůƵŶŐŽ ƵŶ ƉĞƌĐŽƌƐŽ ĨŝƐŝĐŽ Ğ ƐŽŶŽƌŽ ĐŚĞ ƌŝƐƉŽůǀĞƌĂ ŵŽǀĞŶnjĞ͕ ŐĞƐƚŝ Ğ
ĨĂĐĐĞ ƚŝƉŝĐŚĞ Ěŝ Ăůƚƌŝ ĞƌŽŝ ĐŽŵŝĐŝ͕ ĚĂŝ ĂƌƚŽŽŶ Ă ŚĂƌůŽƚ͕ Ă ^ƚĂŶůŝŽ Θ KůůŝŽ͘
ŝƐƉŽŶŝďŝůŝƚă͗ ƵůƚŝŵĂ ƐĞƚƚŝŵĂŶĂ Ěŝ ŐŝƵŐŶŽ Ğ ƉƌŝŵĞ ĚƵĞ ƐĞƚƚŝŵĂŶĞ Ěŝ ůƵŐůŝŽ͖ ƵůƚŝŵĂ ƐĞƚƚŝŵĂŶĂ Ěŝ ĂŐŽƐƚŽ Ğ
ƉƌŝŵĂ ƐĞƚƚŝŵĂŶĂ Ěŝ ƐĞƚƚĞŵďƌĞ
ƵƌĂƚĂ͗ ϴϬ ŵŝŶ
>Ž ƐƉĞƚƚĂĐŽůŽ ƉƵž ĞƐƐĞƌĞ ƌĂƉƉƌĞƐĞŶƚĂƚŽ ŝŶ ĐŽƌƚŝ Ğ ůƵŽŐŚŝ ƉĂƌƚŝĐŽůĂƌŵĞŶƚĞ ƌĂĐĐŽůƚŝ͕ ƉƌĞǀŝŽ ƐŽƉƌĂůƵŽŐŽ ĚĂ
ĐŽŶĐŽƌĚĂƌĞ͘ /ů ƐŝƚŽ ĚĞǀĞ ĞƐƐĞƌĞ ƉƌŽƚĞƚƚŽ ĚĂ ƌƵŵŽƌŝ Ğ ůƵĐŝ͘
ƐŝŐĞŶnjĞ dĞĐŶŝĐŚĞ Ăůů͛ĂƉĞƌƚŽ Ăů ĐŚŝƵƐŽ ʹ ŵŝŶŝŵŽ
ŝŵĞŶƐŝŽŶŝ ƉĂůĐŽ ŵ͘ϴ dž ŵ͘ϴ ŵ͘ ϴ dž ŵ͘ ϲ ʹ ĂůƚĞnjnjĂ ŵ͘ ϰ͘ϱ
ĂƌŝĐŽ ůƵĐŝ <ǁ ϮϬ <ǁ ϮϬ
dĞŵƉŝ Ěŝ ŵŽŶƚĂŐŐŝŽ ϰ ŽƌĞ ĐŝƌĐĂ ϰ ŽƌĞ ĐŝƌĐĂ
dĞŵƉŝ Ěŝ ƐŵŽŶƚĂŐŐŝŽ ϭ ŽƌĂ ĐŝƌĐĂ ϭ ŽƌĂ ĐŝƌĐĂ
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Ěŝ Ğ ĐŽŶ 'ŝĂŶŶŝ &ƌĂŶĐĞƐĐŚŝŶŝ WĞƌĨŽƌŵŝŶŐ ƌƚƐ
>Ž ƐƉĞƚƚĂĐŽůŽ ğ ƵŶĂ ƉĞƌĨŽƌŵĂŶĐĞ Ěŝ ƉŝƚƚƵƌĂ ĚĂů ǀŝǀŽ͘ >͛ĂƚƚŽƌĞͲƉŝƚƚŽƌĞ͕ ƵŶ ͞ŽůĚ͟ ĐůŽǁŶ͕ Ěŝ ĨƌŽŶƚĞ Ă
ĚĞůůĞ ƉĂƌĞƚŝ ďŝĂŶĐŚĞ Ğ ŶĞƌĞ ĚŝƉŝŶŐĞ ůĂ ƐƵĂ ǀŝƚĂ͕ ĐƌĞĂŶĚŽ Ăůů͛ŝŵƉƌŽǀǀŝƐŽ ĨŽƌŵĞ͕ ƉĞƌƐŽŶĂŐŐŝ͕
ĂƚŵŽƐĨĞƌĞ Ğ ƐĞŶƐĂnjŝŽŶŝ͕ ŵĞƚƚĞŶĚŽ ŝŶƐŝĞŵĞ Ăů ĐŽůŽƌĞ Ğ Ăŝ ƐĞŐŶŝ ůĂ ŵƵƐŝĐĂ Ğ ůĂ ŐĞƐƚƵĂůŝƚă͘
>Ž ƐƚƵƉŽƌĞ ĐŽŶĚŝǀŝƐŽ ƚƌĂ ƐƉĞƚƚĂƚŽƌĞ Ğ ĐƌĞĂƚŽƌĞ Ɛŝ ƐǀŝůƵƉƉĂ ŝŶ ƐĞŵƉůŝĐŝ ŵŽŵĞŶƚŝ Ěŝ ǀŝƚĂ ĐŽŵƵŶĞ͘ >Ă
ƉĞƌĨŽƌŵĂŶĐĞ Ɛŝ ĂƌƚŝĐŽůĂ ŝŶ ƋƵĂĚƌŝ ĂƵƚŽŶŽŵŝ͕ ŵĂ ĂůůŽ ƐƚĞƐƐŽ ƚĞŵƉŽ ůĞŐĂƚŝ ŝŶ ƵŶ ƉĞƌĐŽƌƐŽ
ĚƌĂŵŵĂƚƵƌŐŝĐŽ͘ >Ă ƐĐŽƉĞƌƚĂ ĚĞŝ ƉƌŽƉƌŝ ƐŽŐŶŝ͕ ůĂ ůŽƚƚĂ ƋƵŽƚŝĚŝĂŶĂ Ğ ƋƵĞůůĂ ƉĞƌ Őůŝ ŝĚĞĂůŝ͕
ů͛ŝŶŶĂŵŽƌĂŵĞŶƚŽ Ğ ůĂ ŐŝŽŝĂ ĚĞůůĂ ǀŝƚĂ ŝŶƐŝĞŵĞ ĂŐůŝ Ăůƚƌŝ͕ ƐŽŶŽ ĐŽŵĞ ĚĞŝ ƋƵĂĚƌŝ ĐŚĞ ŶĂƐĐŽŶŽ ĚĂŝ
ƉĞŶŶĞůůŝ ĚĞů ĐůŽǁŶ͕ ŶŽŶ ŚĂŶŶŽ ďŝƐŽŐŶŽ Ěŝ ƉĂƌŽůĞ͘
DƵƐŝĐŚĞ ĚĞů ƌŽĐŬ ĚĞŐůŝ ĂŶŶŝ ͛ϲϬ͕ ͛ϳϬ ƐŽƚƚŽůŝŶĞĂŶŽ Ğ ƐƵŐŐĞƐƚŝŽŶĂŶŽ ƋƵĞŝ ĚĞƐŝĚĞƌŝ Ěŝ ƉĂĐĞ͕
ĂŵŽƌĞ Ğ ůŝďĞƌƚă ĐŚĞ ĨĂŶŶŽ ƉĂƌƚĞ ĚĞůůĂ ĨŝŐƵƌĂ ĚĞů ĐůŽǁŶ Ğ ƐŽŶŽ ƐĞŶnjĂ Ğƚă Ğ ƐĞŶnjĂ ƚĞŵƉŽ͘
ŝƐƉŽŶŝďŝůŝƚă͗ ĚĂůů͛ϭϭ ůƵŐůŝŽ
ƵƌĂƚĂ͗ ϴϬ ŵŝŶ
>Ž ƐƉĞƚƚĂĐŽůŽ ƉƵž ĞƐƐĞƌĞ ƌĂƉƉƌĞƐĞŶƚĂƚŽ ŝŶ ĐŽƌƚŝ Ğ ůƵŽŐŚŝ ƉĂƌƚŝĐŽůĂƌŵĞŶƚĞ ƌĂĐĐŽůƚŝ͕ ƉƌĞǀŝŽ ƐŽƉƌĂůƵŽŐŽ ĚĂ
ĐŽŶĐŽƌĚĂƌĞ͘ /ů ƐŝƚŽ ĚĞǀĞ ĞƐƐĞƌĞ ƉƌŽƚĞƚƚŽ ĚĂ ƌƵŵŽƌŝ Ğ ůƵĐŝ͘
ƐŝŐĞŶnjĞ dĞĐŶŝĐŚĞ Ăůů͛ĂƉĞƌƚŽ Ăů ĐŚŝƵƐŽ ʹ ŵŝŶŝŵŽ
ŝŵĞŶƐŝŽŶŝ ƉĂůĐŽ ŵ͘ϴ dž ŵ͘ϴ ŵ͘ ϴ dž ŵ͘ ϲ ʹ ĂůƚĞnjnjĂ ŵ͘ ϰ͘ϱ
ĂƌŝĐŽ ůƵĐŝ <ǁ ϮϬ <ǁ ϮϬ
dĞŵƉŝ Ěŝ ŵŽŶƚĂŐŐŝŽ ϰ ŽƌĞ ĐŝƌĐĂ ϰ ŽƌĞ ĐŝƌĐĂ
dĞŵƉŝ Ěŝ ƐŵŽŶƚĂŐŐŝŽ ϭ ŽƌĂ ĐŝƌĐĂ ϭ ŽƌĂ ĐŝƌĐĂ
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ĂĚĂƚƚĂŵĞŶƚŽ ƚĞĂƚƌĂůĞ Ğ ƌĞŐŝĂ ƌŵĂŶĚŽ ĂƌƌĂƌĂ
ĐŽŶ ƌŵĂŶĚŽ ĂƌƌĂƌĂ͕ DĂƵƌŽ &ŽƌůĂŶŝ͕ ^ŝůǀŝĂ &ƌĂĐĂƐƐŽ͕ ĂŶŝĞůĞ WĂƐƐĂƌŽƚƚŝ
ZĂĐĐŽŶƚŽ ƚĞĂƚƌĂůĞ͘ ^ŝ ƉƵž ƉĂƌůĂƌĞ ĚĞůůĂ WƌŝŵĂ 'ƵĞƌƌĂ DŽŶĚŝĂůĞ ƐĞŶnjĂ ƌŝĞǀŽĐĂƌĞ ĂƚƌŽĐŝƚă Ğ ĚƌĂŵŵŝ͍
^ŝ ƉƵž ĐƌŝƚŝĐĂƌĞ ŝů ŵŝůŝƚĂƌŝƐŵŽ Ğ ů͛ŽƚƚƵƐŝƚă Ěŝ ĂůĐƵŶŝ ŐĞŶĞƌĂůŝ ĐŽŶ ŝů ƐŽƌƌŝƐŽ ƐƵůůĞ ůĂďďƌĂ͍ /ů ƚĞƐƚŽ
ƚĞĂƚƌĂůĞ ĚĞ ͞/ů ďƵŽŶ ƐŽůĚĂƚŽ ^Đ͛ǀğŝŬ͟ ƌŝĞƐĐĞ ƉĞƌĨĞƚƚĂŵĞŶƚĞ Ă ĐŽŶĐŝůŝĂƌĞ ƋƵĞƐƚŽ ŽƐƐŝŵŽƌŽ ĐŽŵƉŽƐƚŽ
ĚĂ ŐƵĞƌƌĂ Ğ ĂƚƌŽĐŝƚă Ͳ ůĞŐŐĞƌĞnjnjĂ Ğ ƐŽƌƌŝƐŽ͗ hŶĂ ĐƌŝƚŝĐĂ ĨĞƌŽĐĞ ĂůůĂ ŐƵĞƌƌĂ Ğ Ăů ŵŝůŝƚĂƌŝƐŵŽ ŽƚƚƵƐŽ͕
ƵŶĂ ĐƌŝƚŝĐĂ ĐŚĞ Ɛŝ ĚŝƉĂŶĂ Ă ƉĂƌƚŝƌĞ ĚĂ ƵŶ ƉĞƌƐŽŶĂŐŐŝŽ ĐŚĞ ƚĂůǀŽůƚĂ ƌŝĐŽƌĚĂ ĂŶĚŝĚŽ Ěŝ sŽůƚĂŝƌĞ͘ /ů
ďƵŽŶ ƐŽůĚĂƚŽ ^Đ͛ǀğŝŬ ğ ƵŶ ͞ĂŶĚŝĚŽ͟ ƐƵŝ ŐĞŶĞƌŝƐ ĐŽŶǀŝŶƚŽ ĐŚĞ ŝů ƐƵŽ ƐŝĂ ͞ŝů ŵŝŐůŝŽƌĞ ĚĞŝ ŵŽŶĚŝ
ƉŽƐƐŝďŝůŝ ͘͞ EŽŶ ğ ŶŽďŝůĞ ĐŽŵĞ ĂŶĚŝĚŽ͘ ^Đ͛ǀğŝŬ ğ ƵŶ ƉŽǀĞƌŽ ĐŽŶƚĂĚŝŶŽ ĐŚĞ ĚĂůůĂ ƐƵĂ ŚĂ ůĂ ĨŽƌƚƵŶĂ
ĚĞŐůŝ ƐĐŝŽĐĐŚŝ͘ /ů ƐƵŽ ƐƵĐĐĞƐƐŽ ğ ĚŽǀƵƚŽ ƉƌŽƉƌŝŽ ĂůůĂ ƐƵĂ ŝŶŐĞŶƵŝƚă ĐŚĞ͕ ƵŶŝƚĂ ĂĚ ƵŶĂ ĚŽƐĞ Ěŝ
ŽƚƚŝŵŝƐŵŽ Ğ Ěŝ ƐŽůŝĚĂƌŝĞƚă ƵŵĂŶĂ͕ ŶĞ ĨĂŶŶŽ ŝů ƉƌŽƚŽƚŝƉŽ ĚĞŝ ŵŝůŝŽŶŝ Ěŝ ƐŽůĚĂƚŝ ƚƌĂǀŽůƚŝ ůŽƌŽ ŵĂůŐƌĂĚŽ
ĚĂůůĂ ĐĂƌŶĞĨŝĐŝŶĂ ĚĞůůĂ ƉƌŝŵĂ ŐƵĞƌƌĂ ŵŽŶĚŝĂůĞ͘
ŝƐƉŽŶŝďŝůŝƚă͗ ŐŝƵŐŶŽ Ğ ĚĂ ƐĞƚƚĞŵďƌĞ Ă ĚŝĐĞŵďƌĞ
ƵƌĂƚĂ͗ ϴϬ ŵŝŶ
>Ž ƐƉĞƚƚĂĐŽůŽ ƉƵž ĞƐƐĞƌĞ ƌĂƉƉƌĞƐĞŶƚĂƚŽ ŝŶ ĐŽƌƚŝ Ğ ůƵŽŐŚŝ ƉĂƌƚŝĐŽůĂƌŵĞŶƚĞ ƌĂĐĐŽůƚŝ͕ ƉƌĞǀŝŽ ƐŽƉƌĂůƵŽŐŽ ĚĂ
ĐŽŶĐŽƌĚĂƌĞ͘ /ů ƐŝƚŽ ĚĞǀĞ ĞƐƐĞƌĞ ƉƌŽƚĞƚƚŽ ĚĂ ƌƵŵŽƌŝ Ğ ůƵĐŝ͘
ƐŝŐĞŶnjĞ dĞĐŶŝĐŚĞ Ăůů͛ĂƉĞƌƚŽ Ăů ĐŚŝƵƐŽ ʹ ŵŝŶŝŵŽ
ŝŵĞŶƐŝŽŶŝ ƉĂůĐŽ ŵ͘ϴ dž ŵ͘ϴ ŵ͘ ϴ dž ŵ͘ ϲ ʹ ĂůƚĞnjnjĂ ŵ͘ ϰ͘ϱ
ĂƌŝĐŽ ůƵĐŝ <ǁ ϮϬ <ǁ ϮϬ
dĞŵƉŝ Ěŝ ŵŽŶƚĂŐŐŝŽ ϰ ŽƌĞ ĐŝƌĐĂ ϰ ŽƌĞ ĐŝƌĐĂ
dĞŵƉŝ Ěŝ ƐŵŽŶƚĂŐŐŝŽ ϭ ŽƌĂ ĐŝƌĐĂ ϭ ŽƌĂ ĐŝƌĐĂ
& sK> > ;s/ KͿd > &KEK
ůŝďĞƌĂŵĞŶƚĞ ƚƌĂƚƚŽ ĚĂ &ĂǀŽůĞ Ăů dĞůĞĨŽŶŽ Ěŝ 'ŝĂŶŶŝ ZŽĚĂƌŝ
ĐŽŶ ĂƌůŽ WƌĞƐŽƚƚŽ Ğ WĂŽůĂ ZŽƐƐŝ
>Ž ƐƉĞƚƚĂĐŽůŽ ŚĂ ǀŝŶƚŽ ŝů ƉƌĞŵŝŽ ĚĞů ƉƵďďůŝĐŽ W/K>/ W >,/ ϮϬϬϳʹ ϮϬϬϴ ŶĞůů͛ĂŵďŝƚŽ ĚĞůůĂ
ZĂƐƐĞŐŶĂ ƉĞƌ &ĂŵŝŐůŝĞ ƉƌŽŵŽƐƐĂ ĚĂůů͛ ͘Z͘d͕͘ ŶƚĞ ZĞŐŝŽŶĂůĞ dĞĂƚƌĂůĞ ĚĞů &ƌŝƵůŝ
ƵĞ ŐĞŶŝƚŽƌŝ ŐŝƌĂŶŽ ů͛ ƵƌŽƉĂ ƉĞƌ ůĂǀŽƌŽ͕ Ğ ŵĂŶĚĂŶŽ Ăŝ ĨŝŐůŝ ŽŐŶŝ ƐĞƌĂ ƵŶĂ ƉŝĐĐŽůĂ ĨĂǀŽůĂ ƵƐĂŶĚŽ ůĂ
ǁĞďĐĂŵ ĚĞů ĐŽŵƉƵƚĞƌ͘ ^ŽŶŽ ĨĂǀŽůĞ ďƌĞǀŝ͕ ƉĞƌ ŶŽŶ ƐƉĞŶĚĞƌĞ ƚƌŽƉƉŽ ŝŶ ĐŽŶŶĞƐƐŝŽŶĞ͕ ŝŶ ĐƵŝ ŝ
ŶĂƌƌĂƚŽƌŝ Ɛŝ ĂŝƵƚĂŶŽ ĐŽŶ ƉŝĐĐŽůŝ ŽŐŐĞƚƚŝ͕ ĐĂƌƚŽůŝŶĞ͕ ďŝƐĐŽƚƚŝ Ğ ĨŝŽƌŝ͕ ƐŽƵǀĞŶŝƌ ĚĞŝ ĚŝǀĞƌƐŝ ůƵŽŐŚŝ ĐŚĞ
ƐƚĂŶŶŽ ǀŝƐŝƚĂŶĚŽ͘
ƚƚƌĂǀĞƌƐŽ ƋƵĞƐƚĞ ƉŝĐĐŽůĞ ĨĂǀŽůĞ Ɛŝ ƐŶŽĚĂ ƵŶ ƌĂƉƉŽƌƚŽ ĚĞůŝĐĂƚŽ Ğ ĨƌĂŐŝůĞ͕ ŝŶ ĐƵŝ ůĂ ĚŝƐƚĂŶnjĂ ĂŵƉůŝĨŝĐĂ
ůĂ ŶĞĐĞƐƐŝƚă Ěŝ ƐĐĂŵďŝĂƌƐŝ ĞƐƉĞƌŝĞŶnjĂ ĞĚ ĂĨĨĞƚƚŽ͘
/ů ƉƌŽŐĞƚƚŽ Ɛŝ ŝƐƉŝƌĂ ĂĚ ƵŶĂ ĐĞůĞďƌĞ ƌĂĐĐŽůƚĂ ĚĞůůŽ ƐĐƌŝƚƚŽƌĞ ŝƚĂůŝĂŶŽ ƉĞƌ ƌĂŐĂnjnjŝ 'ŝĂŶŶŝ ZŽĚĂƌŝ͕
ĐŽƐƚƌƵĞŶĚŽ ƵŶ ĚĞůŝĐĂƚŽ ŵŽƐĂŝĐŽ ĚŝƐĞŐŶĂƚŽ ƐĞĐŽŶĚŽ ůĂ ŐƌĂŵŵĂƚŝĐĂ ĚĞůůĂ ĨĂŶƚĂƐŝĂ͘
DĂ Ɛŝ ƚƌĂƚƚĂ ĂŶĐŚĞ Ěŝ ƵŶĂ ŽĐĐĂƐŝŽŶĞ ƉĞƌ ĨĂƌĞ ĞƐƉĞƌŝĞŶnjĂ Ěŝ ĐŽŵĞ ůĞ ŶƵŽǀĞ ƚĞĐŶŽůŽŐŝĞ ƉŽƐƐŽŶŽ
ƐŽƚƚƌĂƌƐŝ Ăů ͞ĐƵůƚŽ͟ ĚĞŐůŝ ŝŶŝnjŝĂƚŝ͕ ƉĞƌ ĨƵŶnjŝŽŶĂƌĞ ƐĞŵƉůŝĐĞŵĞŶƚĞ ĚĂ ƐƚƌƵŵĞŶƚŝ ƉĞƌ ŵĞƚƚĞƌĞ ŝŶ
ĐŽŵƵŶĞ ĞŵŽnjŝŽŶŝ͘ >Ă ŵƵƐŝĐĂ͕ ůĞ ŝŵŵĂŐŝŶŝ ĐŽƐƚƌƵŝƚĞ ƐŽƚƚŽ Őůŝ ŽĐĐŚŝ ĚĞŐůŝ ƐƉĞƚƚĂƚŽƌŝ ƚƌĂƐĨŽƌŵĂŶĚŽ
ƐĞŵƉůŝĐŝ ŽŐŐĞƚƚŝ Ěŝ ƵƐŽ ƋƵŽƚŝĚŝĂŶŽ ŝŶ ŵŽŶĚŝ ĨĂŶƚĂƐƚŝĐŝ͕ ŝů ŐŝŽĐŽ ĐŽŵŝĐŽ ĚĞŐůŝ ĂƚƚŽƌŝ͕ ůĞ ŐĂŐ
ŝŶǀŽůŽŶƚĂƌŝĞ ĚĞŐůŝ ĂĚƵůƚŝ ĐŚĞ ĐĞƌĐĂŶŽ Ěŝ ƉĂƌůĂƌĞ ĐŽŶ ŝ ƌĂŐĂnjnjŝ͕ ůĂ ƐĐŽƉĞƌƚĂ Ěŝ ƚĞƌƌŝƚŽƌŝ ĐŽŵƵŶŝ ĚĂ
ĂďŝƚĂƌĞ ŝŶƐŝĞŵĞ͕ ƐŽŶŽ ůĞ ƚĞŵĂƚŝĐŚĞ Ěŝ ƋƵĞƐƚŽ ƉĞƌĐŽƌƐŽ ƐĐƌŝƚƚŽ ŝŶƐŝĞŵĞ ĐŽŶ ŝ ƌĂŐĂnjnjŝ Ěŝ /// Ěŝ ƵŶĂ
ƐĐƵŽůĂ ǀŝĐĞŶƚŝŶĂ͘
&ĂƐĐŝĂ Ě͛Ğƚă ϱͲϭϬ ĂŶŶŝ
ŝƐƉŽŶŝďŝůŝƚă͗ ĚĂ ŐŝƵŐŶŽ ;ĚĂ ǀĞƌŝĨŝĐĂƌĞ ŝů ƉĞƌŝŽĚŽ Ěŝ ĚŝƐƉŽŶŝďŝůŝƚăͿ
ƵƌĂƚĂ͗ ϲϬ ŵŝŶ
>Ž ƐƉĞƚƚĂĐŽůŽ ƉƵž ĞƐƐĞƌĞ ƌĂƉƉƌĞƐĞŶƚĂƚŽ ŝŶ ĐŽƌƚŝ Ğ ůƵŽŐŚŝ ƉĂƌƚŝĐŽůĂƌŵĞŶƚĞ ƌĂĐĐŽůƚŝ͕ ƉƌĞǀŝŽ ƐŽƉƌĂůƵŽŐŽ ĚĂ
ĐŽŶĐŽƌĚĂƌĞ͘ /ů ƐŝƚŽ ĚĞǀĞ ĞƐƐĞƌĞ ƉƌŽƚĞƚƚŽ ĚĂ ƌƵŵŽƌŝ Ğ ůƵĐŝ͘
ƐŝŐĞŶnjĞ dĞĐŶŝĐŚĞ Ăůů͛ĂƉĞƌƚŽ Ăů ĐŚŝƵƐŽ ʹ ŵŝŶŝŵŽ
ŝŵĞŶƐŝŽŶŝ ƉĂůĐŽ ŵ͘ϴ dž ŵ͘ϴ ŵ͘ ϴ dž ŵ͘ ϲ ʹ ĂůƚĞnjnjĂ ŵ͘ ϰ͘ϱ
ĂƌŝĐŽ ůƵĐŝ <ǁ ϮϬ <ǁ ϮϬ
dĞŵƉŝ Ěŝ ŵŽŶƚĂŐŐŝŽ ϰ ŽƌĞ ĐŝƌĐĂ ϰ ŽƌĞ ĐŝƌĐĂ
dĞŵƉŝ Ěŝ ƐŵŽŶƚĂŐŐŝŽ ϭ ŽƌĂ ĐŝƌĐĂ ϭ ŽƌĂ ĐŝƌĐĂ
/> '/' Ed ^K&&/ ^K'E/
ůŝďĞƌĂŵĞŶƚĞ ƚƌĂƚƚŽ ĚĂ ͞/ů '''͟ Ěŝ ZŽĂůĚ ĂŚů
ĐŽŶ ĂƌůŽ WƌĞƐŽƚƚŽ͕ DĂƚƚĞŽ ĂůďŽ Ğ 'ŝŽƌŐŝĂ ŶƚŽŶĞůůŝ
hŶŽ ƐƉĞƚƚĂĐŽůŽ ƐƵŝ ƐŽŐŶŝ͕ ƐƵŝ ĚĞƐŝĚĞƌŝ Ğ ƐƵůůĂ ĨŽƌnjĂ ĚĞůů͛ĂŵŝĐŝnjŝĂ͘
hŶĂ ƐƚŽƌŝĂ Ěŝ ĨĞƌŽĐŝ ŐŝŐĂŶƚŝ ŵĂŶŐŝĂďĂŵďŝŶŝ ĐŚĞ Ɛŝ ƚƌĂƐĨŽƌŵĂ ŝŶ ƵŶ ĞƐŝůĂƌĂŶƚĞ ǀŝĂŐŐŝŽ ŶĞů ŵŽŶĚŽ
ĚĞůůĂ ĨĂŶƚĂƐŝĂ͘ hŶĂ ďĂŵďŝŶĂ ƐƚĂ ůĞŐŐĞŶĚŽ ƵŶ ůŝďƌŽ ƐĞĚƵƚĂ ƐƵů ůĞƚƚŽ͗
͞>ΖŽƌĂ ĚĞůůĞ ŽŵďƌĞ͕ ůĞ ĂǀĞǀĂŶŽ ƌĂĐĐŽŶƚĂƚŽ͕ ğ ƋƵĞů ŵŽŵĞŶƚŽ Ă ŵĞƚă ĚĞůůĂ ŶŽƚƚĞ ƋƵĂŶĚŽ ƚƵƚƚŝ͕
ŐƌĂŶĚŝ Ğ ƉŝĐĐŽůŝ͕ ƐŽŶŽ ĂĚĚŽƌŵĞŶƚĂƚŝ ƉƌŽĨŽŶĚĂŵĞŶƚĞ͘
Ζ ůΖŽƌĂ ŝŶ ƚƵƚƚŝ Őůŝ ĞƐƐĞƌŝ ŽƐĐƵƌŝ ǀĞŶŐŽŶŽ ĨƵŽƌŝ Ğ ƉƌĞŶĚŽŶŽ ƉŽƐƐĞƐƐŽ ĚĞů ŵŽŶĚŽ͘
>Ă ďĂŵďŝŶĂ ĂŶĚž ĂůůĂ ĨŝŶĞƐƚƌĂ͘͘͘ ůĂ ůƵŶĂ ďƌŝůůĂǀĂ ŝŶ ŵŽĚŽ ƐƚƌĂŶŽ͘
'ƵĂƌĚž ůŽŶƚĂŶŽ Ğ ŝŵƉƌŽǀǀŝƐĂŵĞŶƚĞ ƐĞŶƚŞ ŵŽůƚŽ͕ ŵŽůƚŽ ĨƌĞĚĚŽ͘
YƵĂůĐŽƐĂ ƌŝƐĂůŝǀĂ ůĂ ƐƚƌĂĚĂ͘͘͘ YƵĂůĐŽƐĂ Ěŝ ŶĞƌŽ͘͘͘ YƵĂůĐŽƐĂ Ěŝ ŐƌĂŶĚĞ͘͘͘
YƵĂůĐŽƐĂ Ěŝ ĞŶŽƌŵĞ͕ Ěŝ ŵĂŐƌŝƐƐŝŵŽ͕ Ěŝ ŽƐĐƵƌŽ͘͞
DĂ ĐŽŶƚƌŽ ŽŐŶŝ ĂƉƉĂƌĞŶnjĂ ƋƵĞƐƚĂ ğ ƵŶ͛ŽŵďƌĂ ĂŵŝĐĂ ĚĞŝ ďĂŵďŝŶŝ͕ ĐŚĞ ǀŝĞŶĞ ŽŐŶŝ ŶŽƚƚĞ ĚĂů ƉĂĞƐĞ
ĚĞŝ ŐŝŐĂŶƚŝ ƉĞƌ ƐŽĨĨŝĂƌĞ ŶĞůůĞ ůŽƌŽ ƐƚĂŶnjĞ ŝ ƐŽŐŶŝ͙
&ĂƐĐŝĂ Ě͛Ğƚă ϱͲϭϬ ĂŶŶŝ
ŝƐƉŽŶŝďŝůŝƚă͗ ĚĂ ŐŝƵŐŶŽ ;ĚĂ ǀĞƌŝĨŝĐĂƌĞ ŝů ƉĞƌŝŽĚŽ Ěŝ ĚŝƐƉŽŶŝďŝůŝƚăͿ
ƵƌĂƚĂ͗ ϲϬ ŵŝŶ
>Ž ƐƉĞƚƚĂĐŽůŽ ƉƵž ĞƐƐĞƌĞ ƌĂƉƉƌĞƐĞŶƚĂƚŽ ŝŶ ĐŽƌƚŝ Ğ ůƵŽŐŚŝ ƉĂƌƚŝĐŽůĂƌŵĞŶƚĞ ƌĂĐĐŽůƚŝ͕ ƉƌĞǀŝŽ ƐŽƉƌĂůƵŽŐŽ ĚĂ
ĐŽŶĐŽƌĚĂƌĞ͘ /ů ƐŝƚŽ ĚĞǀĞ ĞƐƐĞƌĞ ƉƌŽƚĞƚƚŽ ĚĂ ƌƵŵŽƌŝ Ğ ůƵĐŝ͘
ƐŝŐĞŶnjĞ dĞĐŶŝĐŚĞ Ăůů͛ĂƉĞƌƚŽ Ăů ĐŚŝƵƐŽ ʹ ŵŝŶŝŵŽ
ŝŵĞŶƐŝŽŶŝ ƉĂůĐŽ ŵ͘ϴ dž ŵ͘ϴ ŵ͘ ϴ dž ŵ͘ ϲ ʹ ĂůƚĞnjnjĂ ŵ͘ ϰ͘ϱ
ĂƌŝĐŽ ůƵĐŝ <ǁ ϮϬ <ǁ ϮϬ
dĞŵƉŝ Ěŝ ŵŽŶƚĂŐŐŝŽ ϰ ŽƌĞ ĐŝƌĐĂ ϰ ŽƌĞ ĐŝƌĐĂ
dĞŵƉŝ Ěŝ ƐŵŽŶƚĂŐŐŝŽ ϭ ŽƌĂ ĐŝƌĐĂ ϭ ŽƌĂ ĐŝƌĐĂ
/ dZ WKZ >>/E/
ƚĞƐƚŽ Ğ ƌĞŐŝĂ Ěŝ <Ğƚƚŝ 'ƌƵŶĐŚŝ
ĐŽŶ ƵƌŽƌĂ ĂŶĚĞůůŝ͕ ůŝĂ ĂŶĞůůĂ Ğ &ƌĂŶĐĞƐĐĂ DĂƌĐŚŝĂŶŝ
dĂŶƚŽ ƚĞŵƉŽ ĨĂ͘
ů ƚĞŵƉŽ ĚĞŝ ƐŽŐŶŝ Ğ ĚĞůůĞ ƐƚĞůůĞ ĐŽŵĞƚĞ͘͘͘ ΖĞƌĂŶŽ ƚƌĞ ŐŝŽǀĂŶŝ ĨƌĂƚĞůůŝ͘
hŶŽ͘͘͘ ůƵŝ͘ ƵĞ ŝŽ͘ ͘͘͘ dZ ͊ WŽŝ ƵŶĂ ŐƌĂŶĚĞ ĐĂƐĂ Ğ ƵŶ ƉŝĐĐŽůŽ ĨƵŽĐŽ͘ ZŝĚŽŶŽ͕ ŝŽ ĐĂŶƚŽ Ğ ŶŽŶ ƐƚĂŶŶŽ
ŵĂŝ ĨĞƌŵŝ͘ D /͊ ^ŽůŽ ƋƵĂŶĚŽ ƐŽĨĨŝĂ͘ ŽŐŶŝ ƚĂŶƚŽ ƐŞ ĐŚĞ ƐŽĨĨŝĂ͘͘͘
ŝƚƚŝ͊ &Ğƌŵŝ͊ &ƵŽƌŝ ĚĂůůĂ ƉŽƌƚĂ͘͘͘ ƋƵĂůĐƵŶŽ ƐŽĨĨŝĂ ĨŽƌƚĞ ŝů ǀĞŶƚŽ͊
͘͘͘
ƉŽŝ͘͘͘ ƐŞ ĐŚĞ ƐŽŶŽ ĨĞůŝĐŝ͊ KŐŶŝ ƚĂŶƚŽ͕ ŝŶ ƋƵĂůĐŚĞ ŵŝŶƵƚŽ͘͘͘
/Ŷ ƚĂƐĐĂ͘͘͘ ĐΖğ ƵŶĂ ƉŝĐĐŽůĂ ŵĞůĂ ƌŽƐƐĂ͘
hŶĂ ƉĞƌ ůƵŝ͕ ƵŶĂ ƉĞƌ ŵĞ Ğ ƵŶĂ͘͘͘ hE ͊
hŶĂ ƐŽůĂ ŵĞůĂ ƌŽƐƐĂ͘
hE ^K> ͘
ůůŽƌĂ͘͘͘
EĞůůŽ ƐƉĞƚƚĂĐŽůŽ ǀĞƌƌă ƉƌŝǀŝůĞŐŝĂƚŽ ŝů ƌĂĐĐŽŶƚŽ ĚĞů ĐŽƌƉŽ͘ ůĂ ŐĞƐƚƵĂůŝƚă͘ /ů ƌĂĐĐŽŶƚŽ Ɛŝ ĨĂƌă ƐŽŶŽƌŽ͕
ĨĂƚƚŽ Ěŝ ŵƵƐŝĐŚĞ͕ ĐĂŶnjŽŶŝ͕ ƌƵŵŽƌŝ͘ 'ůŝ ŽŐŐĞƚƚŝ ƐĂƌĂŶŶŽ ƐƚƌƵŵĞŶƚŝ Ěŝ ƵŶĂ ĚƌĂŵŵĂƚƵƌŐŝĂ ĨĂƚƚĂ Ěŝ
ƐŝŵďŽůŝ Ğ ĐŽůŽƌŝ͘ >Ğ ƉĂƌŽůĞ͘͘͘ ƐŽůŽ ƋƵĞůůĞ ĐŚĞ ƐĞƌǀŽŶŽ͕ ĐŽŵĞ ŶĞůůĂ ƌŝĐĞƚƚĂ Ěŝ ƵŶ ĚĞůŝnjŝŽƐŽ ƉĂŶĞ ĚŽůĐĞ
ƐƉĞnjŝĂƚŽ͘͘͘ dƌĞ ŐŝŽǀĂŶŝ ĂƚƚŽƌŝ ŐƵŝĚĂƚŝ ĚĂ <Ğƚƚŝ 'ƌƵŶĐŚŝ ĂĨĨƌŽŶƚĂŶŽ ƋƵĞƐƚĂ ƐƚŽƌŝĂ ƚƌĂƚƚĂ ĚĂůůĂ
ƚƌĂĚŝnjŝŽŶĞ ĚĞůůĞ ĨŝĂďĞ Ěŝ ƚƵƚƚŝ ŝ ƚĞŵƉŝ͘ Ζ ůΖŽĐĐĂƐŝŽŶĞ ƉĞƌ ƌŝĨůĞƚƚĞƌĞ ŝŶƚŽƌŶŽ Ăŝ ƚĞŵŝ ĚĞůůĂ ĐƌĞƐĐŝƚĂ͗
ůΖĂƵƚŽŶŽŵŝĂ͕ ůĂ ĨŽƌŵĂnjŝŽŶĞ ĚĞůůĂ ƉĞƌƐŽŶĂůŝƚă͕ ŝů ĐŽŶĐĞƚƚŽ Ěŝ ƉĞƌŝĐŽůŽ͘ >Ă ĐĂƐĂ ĐŽŵĞ ůƵŽŐŽ ƐŝĐƵƌŽ͕
ƉƌŽƚĞƚƚŝǀŽ Ğ ƌĂƐƐŝĐƵƌĂŶƚĞ͕ ƌĞƐŝƐƚĞŶƚĞ ĂůůĞ ĂǀǀĞƌƐŝƚă͘ &ĂďďƌŝĐĂƚĞĂƚƌŽ ğ ƵŶ ƉƌŽŐĞƚƚŽ Ěŝ ĨŽƌŵĂnjŝŽŶĞ
ƌŝǀŽůƚŽ ĂůůĞ ŶƵŽǀĞ ŐĞŶĞƌĂnjŝŽŶŝ͘
&ĂƐĐŝĂ Ě͛Ğƚă ϯͲϳ ĂŶŶŝ
ŝƐƉŽŶŝďŝůŝƚă͗ ĚĂ ŐŝƵŐŶŽ ;ĚĂ ǀĞƌŝĨŝĐĂƌĞ ŝů ƉĞƌŝŽĚŽ Ěŝ ĚŝƐƉŽŶŝďŝůŝƚăͿ
ƵƌĂƚĂ͗ ϱϬ ŵŝŶ
>Ž ƐƉĞƚƚĂĐŽůŽ ƉƵž ĞƐƐĞƌĞ ƌĂƉƉƌĞƐĞŶƚĂƚŽ ŝŶ ĐŽƌƚŝ Ğ ůƵŽŐŚŝ ƉĂƌƚŝĐŽůĂƌŵĞŶƚĞ ƌĂĐĐŽůƚŝ͕ ƉƌĞǀŝŽ ƐŽƉƌĂůƵŽŐŽ ĚĂ
ĐŽŶĐŽƌĚĂƌĞ͘ /ů ƐŝƚŽ ĚĞǀĞ ĞƐƐĞƌĞ ƉƌŽƚĞƚƚŽ ĚĂ ƌƵŵŽƌŝ Ğ ůƵĐŝ͘
ƐŝŐĞŶnjĞ dĞĐŶŝĐŚĞ Ăůů͛ĂƉĞƌƚŽ Ăů ĐŚŝƵƐŽ ʹ ŵŝŶŝŵŽ
ŝŵĞŶƐŝŽŶŝ ƉĂůĐŽ ŵ͘ϴ dž ŵ͘ϴ ŵ͘ ϴ dž ŵ͘ ϲ ʹ ĂůƚĞnjnjĂ ŵ͘ ϰ͘ϱ
ĂƌŝĐŽ ůƵĐŝ <ǁ ϮϬ <ǁ ϮϬ
dĞŵƉŝ Ěŝ ŵŽŶƚĂŐŐŝŽ ϰ ŽƌĞ ĐŝƌĐĂ ϰ ŽƌĞ ĐŝƌĐĂ
dĞŵƉŝ Ěŝ ƐŵŽŶƚĂŐŐŝŽ ϭ ŽƌĂ ĐŝƌĐĂ ϭ ŽƌĂ ĐŝƌĐĂ
/Z/W/Z/W/͛ > s/d ͛ & ^d
ĚƌĂŵŵĂƚƵƌŐŝĂ͕ ƉŝƚƚƵƌĂ ĚĂů ǀŝǀŽ Ğ ƌĞŐŝĂ 'ŝĂŶŶŝ &ƌĂŶĐĞƐĐŚŝŶŝ WĞƌĨŽƌŵŝŶŐ ƌƚƐ
ů͛ĂůďĞƌŽ ŵĂŐŝĐŽ ğ ŽƉĞƌĂ Ěŝ 'ŝĂŶŶŝ sŽůƉĞ
͛ ůĂ ƐƚŽƌŝĂ Ěŝ ƵŶ ƵĐĐĞůůŝŶŽ͕ ŝƌŝƉŝƌŝƉŞ͕ ĚĂ ƋƵĂŶĚŽ ŶĂƐĐĞ Ă ƋƵĂŶĚŽ ĚŝǀĞŶƚĂ Ă ƐƵĂ ǀŽůƚĂ ƉĂĚƌĞ͘ /ů ĐŽƌƐŽ
ĚĞůůĂ ƐƵĂ ǀŝƚĂ ŚĂ ĐŽŵĞ ƚĂƉƉĞ ĚĞůůĞ ĨĞƐƚĞ ĐŚĞ ƌŝƉƌĞŶĚŽŶŽ ƋƵĞůůĞ ĨŽŶĚĂŵĞŶƚĂůŝ ĚĞů ĐĂŵďŝŽ ĚĞůůĞ
ƐƚĂŐŝŽŶŝ͘
>͛ĂƚƚŽƌĞ ͞ŶĂƌƌĂ͟ ůĂ ƐƚŽƌŝĂ ĂĐĐŽŐůŝĞŶĚŽ ŝ ƉŝĐĐŽůŝ ƐƉĞƚƚĂƚŽƌŝ ĂƚƚŽƌŶŽ ĂĚ ƵŶ ĂůďĞƌŽ͘ ^Ƶ ƋƵĞƐƚ͛ĂůďĞƌŽ ĐŽŶ
ĐŽůŽƌŝ͕ ĚŝƉŝŶŐĞŶĚŽ ƐĞŐŶŝ͕ ŵĂĐĐŚŝĞ͕ ĨŝŐƵƌĞ ů͛ĂƚƚŽƌĞ ͞ƌĂĐĐŽŶƚĂ͟ ůĞ ĂǀǀĞŶƚƵƌĞ ĚĞů ƉƌŽƚĂŐŽŶŝƐƚĂ͕
ĂǀǀĂůĞŶĚŽƐŝ ĂŶĐŚĞ Ěŝ ŽŐŐĞƚƚŝ Ğ ĨŝŐƵƌĞ ĂŶŝŵĂƚŝ͘ EĞŝ ŵŽŵĞŶƚŝ ƚŽƉŝĐŝ Ěŝ ĐĂŵďŝŽ ŶĂƐĐĞ ůĂ ĨĞƐƚĂ͕ Őůŝ
ƐƉĞƚƚĂƚŽƌŝ ƐŽŶŽ ŝŶǀŝƚĂƚŝ Ă ĐŽŶĚŝǀŝĚĞƌĞ ůĞ ĂnjŝŽŶŝ ĐŚĞ ƉŽƌƚĂŶŽ Ăů ĐĂŵďŝŽ Ěŝ ƐƚĂŐŝŽŶĞ͕ Ăů ĐĂŵďŝŽ
ĚĞůů͛ŝŵŵĂŐŝŶĞ Ğ ĚĞŝ ĐŽůŽƌŝ ĚĞůů͛ĂůďĞƌŽ Ğ Ăů ĐĂŵďŝŽ Ěŝ ƐŝƚƵĂnjŝŽŶĞ ƐŝĂ ƉĞƌƐŽŶĂůĞ ƐŝĂ Ěŝ ƌĞůĂnjŝŽŶŝ ƐŝĂ Ěŝ
ĂŵďŝĞŶƚĞ ŝŶ ĐƵŝ Ɛŝ ƚƌŽǀĂ ŝƌŝƉŝƌŝƉŞ͘
&ĂƐĐŝĂ Ě͛Ğƚă ϯͲϳ ĂŶŶŝ
ŝƐƉŽŶŝďŝůŝƚă͗ ĚĂůů͛ϭϭ ůƵŐůŝŽ
ƵƌĂƚĂ͗ ϱϬ ŵŝŶ
>Ž ƐƉĞƚƚĂĐŽůŽ ƉƵž ĞƐƐĞƌĞ ƌĂƉƉƌĞƐĞŶƚĂƚŽ ŝŶ ĐŽƌƚŝ Ğ ůƵŽŐŚŝ ƉĂƌƚŝĐŽůĂƌŵĞŶƚĞ ƌĂĐĐŽůƚŝ͕ ƉƌĞǀŝŽ ƐŽƉƌĂůƵŽŐŽ ĚĂ
ĐŽŶĐŽƌĚĂƌĞ͘ /ů ƐŝƚŽ ĚĞǀĞ ĞƐƐĞƌĞ ƉƌŽƚĞƚƚŽ ĚĂ ƌƵŵŽƌŝ Ğ ůƵĐŝ͘
ƐŝŐĞŶnjĞ dĞĐŶŝĐŚĞ Ăůů͛ĂƉĞƌƚŽ Ăů ĐŚŝƵƐŽ ʹ ŵŝŶŝŵŽ
ŝŵĞŶƐŝŽŶŝ ƉĂůĐŽ ŵ͘ϴ dž ŵ͘ϴ ŵ͘ ϴ dž ŵ͘ ϲ ʹ ĂůƚĞnjnjĂ ŵ͘ ϰ͘ϱ
ĂƌŝĐŽ ůƵĐŝ <ǁ ϮϬ <ǁ ϮϬ
dĞŵƉŝ Ěŝ ŵŽŶƚĂŐŐŝŽ ϰ ŽƌĞ ĐŝƌĐĂ ϰ ŽƌĞ ĐŝƌĐĂ
dĞŵƉŝ Ěŝ ƐŵŽŶƚĂŐŐŝŽ ϭ ŽƌĂ ĐŝƌĐĂ ϭ ŽƌĂ ĐŝƌĐĂ
^dKZ/ / hE ^/Z E dd
Ěŝ hůůĂůůă dĞĂƚƌŽ ŶŝŵĂnjŝŽŶĞ
ĚƌĂŵŵĂƚƵƌŐŝĂ WŝƉƉŽ 'ĞŶƚŝůĞ Ğ ŶŐĞůĂ 'ƌĂnjŝĂŶŝ
ĐŽŶ &ƌĂŶĐĞƐĐĂ &ŽƐĐĂƌŝŶŝ͕ WŝƉƉŽ 'ĞŶƚŝůĞ͕ ŶŐĞůĂ 'ƌĂnjŝĂŶŝ͕ DĂƌĐŽ Dz ŐŽƐƚŝŶ
>Ă ^ŝƌĞŶĞƚƚĂ͕ ƐƉůĞŶĚŝĚĂ ĐƌĞĂƚƵƌĂ ĚĞů ƌĞŐŶŽ ƐŽƚƚŽŵĂƌŝŶŽ͕ ğ ŝŶŶĂŵŽƌĂƚĂ Ěŝ ƵŶ ƵŽŵŽ ĚĞů ƌĞŐŶŽ ƐŽƉƌĂ
ŝů ŵĂƌĞ͘ >Ă ƌĞŐŽůĂ ǀƵŽůĞ ĐŚĞ ŝ ĚƵĞ ŵŽŶĚŝ ƌĞƐƚŝŶŽ ƚƌĂ ůŽƌŽ ƐĞƉĂƌĂƚŝ Ğ ƐĐŽŶŽƐĐŝƵƚŝ͘ ŽŶ ůĂ ĨŽƌnjĂ Ěŝ
ƋƵĞƐƚŽ ƐĞŶƚŝŵĞŶƚŽ͕ ĞƐƐĂ ƚƌĂƐŐƌĞĚŝƐĐĞ ůĞ ƌĞŐŽůĞ͕ ƉŽŝĐŚĠ ƉƌŽŶƚĂ Ă ƐĂĐƌŝĨŝĐĂƌĞ ƚƵƚƚŽ ƉĞƌ ů͛ƵŽŵŽ ĐŚĞ
ĂŵĂ͘ >͛ĂŵŽƌĞ ğ ƉĞƌ ůĞŝ ƌŝƐĐŚŝŽ͕ ĚŝůĞŵŵĂ͕ ĂďďĂŶĚŽŶŽ͕ ĐŽŶĨůŝƚƚŽ Ğ ůĂĐĞƌĂnjŝŽŶĞ͘ hŶ ĂŵŽƌĞ ĐŽƐŞ ŐƌĂŶĚĞ
ĚĂ ƐƉŝŶŐĞƌůĂ Ă ƌŝŶƵŶĐŝĂƌĞ Ă ƋƵĂŶƚŽ ŚĂ Ěŝ Ɖŝƶ ĐĂƌŽ Ğ ƉƌĞnjŝŽƐŽ͕ ƉĞƌ ĂƐƐƵŵĞƌĞ ƵŶĂ ĨŽƌŵĂ ƵŵĂŶĂ ĐŚĞ ůĞ
ƉƌŝǀĂ Ěŝ ĐŽĚĂ͕ ǀŽĐĞ Ğ ƵŶĂ ůƵŶŐĂ ǀŝƚĂ ŶĞů ƌĞŐŶŽ ĚĞů ŵĂƌĞ͘ DĂ ůĞ ĐŽŶƐĞŶƚŝƌă͕ ƐĞ ƌŝĞƐĐĞ Ă ĨĂƌĞ
ŝŶŶĂŵŽƌĂƌĞ ŝů ƉƌŝŶĐŝƉĞ Ěŝ ƐĞ͕ Ěŝ ƚƌĂƐĐŽƌƌĞƌĞ Ăů ĨŝĂŶĐŽ ĚĞůů͛ƵŽŵŽ ĐŚĞ ĂŵĂ ŝů ƌĞƐƚŽ ĚĞůůĂ ƐƵĂ ǀŝƚĂ
ƵŵĂŶĂ͘ >Ă ^ŝƌĞŶĞƚƚĂ ğ ĐŽŶƐŝĚĞƌĂƚĂ ƵŶĂ ĚĞůůĞ ĨŝĂďĞ Ɖŝƶ ƌĂƉƉƌĞƐĞŶƚĂƚŝǀĞ ĚĞů ŐĞŶŝŽ ůĞƚƚĞƌĂƌŝŽ Ěŝ
ŶĚĞƌƐĞŶ͘
YƵŝ Ɖŝƶ ĐŚĞ ĂůƚƌŽǀĞ ƐŽŶŽ ŝĚĞŶƚŝĨŝĐĂďŝůŝ ƌŝĨĞƌŝŵĞŶƚŝ ĂƵƚŽďŝŽŐƌĂĨŝĐŝ ĂďďĂƐƚĂŶnjĂ ĐŚŝĂƌŝ͕ ƉĞƌ ƋƵĂŶƚŽ
ĐĞůĂƚŝ ĚŝĞƚƌŽ ůĂ ĨŝŶnjŝŽŶĞ ĨŝĂďĞƐĐĂ͘ /ů ƚĞŵĂ ĚĞů ΗĚŝǀĞƌƐŽΗ ǀŝĞŶĞ ƉƌĞƐĞŶƚĂƚŽ ŝŶ ƌĞůĂnjŝŽŶĞ Ăů
ƌŝĐŽŶŽƐĐŝŵĞŶƚŽ ĚĞůůĂ ƉƌŽƉƌŝĂ ŝĚĞŶƚŝƚă ĚĂ ƉĂƌƚĞ ĚĞůůĂ ƉƌŽƚĂŐŽŶŝƐƚĂ͕ Ğ ůĂ ƌĞůĂnjŝŽŶĞ ĨƌĂ ůĂ ^ŝƌĞŶĞƚƚĂ
ƌĞƐĂ ŵƵƚĂ ĚĂůůĂ ŵĂŐŝĂ Ğ ŝů ďĞů ƉƌŝŶĐŝƉĞ ĐŚĞ ůĞ Ɛŝ ĂĨĨĞnjŝŽŶĂ ƐĞŶnjĂ ĂŵĂƌůĂ͕ ŝŶƚĞƌƉƌĞƚĂƚŽ ĚĂ ŵŽůƚŝ ĐŽŵĞ
ƵŶ ƌŝƚƌĂƚƚŽ ĚĞůůĂ ƐŝƚƵĂnjŝŽŶĞ Ěŝ ŝƐŽůĂŵĞŶƚŽ ƐĞŶƚŝŵĞŶƚĂůĞ Ă ĐƵŝ ŶĚĞƌƐĞŶ Ɛŝ ƐĞŶƚŝǀĂ ƌĞůĞŐĂƚŽ͘
&ĂƐĐŝĂ Ě͛Ğƚă ϯͲϳ ĂŶŶŝ
ŝƐƉŽŶŝďŝůŝƚă͗ ĚĂ ŐŝƵŐŶŽ ;ĚĂ ǀĞƌŝĨŝĐĂƌĞ ŝů ƉĞƌŝŽĚŽ Ěŝ ĚŝƐƉŽŶŝďŝůŝƚăͿ
ƵƌĂƚĂ͗ ϱϬ ŵŝŶ
>Ž ƐƉĞƚƚĂĐŽůŽ ƉƵž ĞƐƐĞƌĞ ƌĂƉƉƌĞƐĞŶƚĂƚŽ ŝŶ ĐŽƌƚŝ Ğ ůƵŽŐŚŝ ƉĂƌƚŝĐŽůĂƌŵĞŶƚĞ ƌĂĐĐŽůƚŝ͕ ƉƌĞǀŝŽ ƐŽƉƌĂůƵŽŐŽ ĚĂ
ĐŽŶĐŽƌĚĂƌĞ͘ /ů ƐŝƚŽ ĚĞǀĞ ĞƐƐĞƌĞ ƉƌŽƚĞƚƚŽ ĚĂ ƌƵŵŽƌŝ Ğ ůƵĐŝ͘
ƐŝŐĞŶnjĞ dĞĐŶŝĐŚĞ Ăůů͛ĂƉĞƌƚŽ Ăů ĐŚŝƵƐŽ ʹ ŵŝŶŝŵŽ
ŝŵĞŶƐŝŽŶŝ ƉĂůĐŽ ŵ͘ϴ dž ŵ͘ϴ ŵ͘ ϴ dž ŵ͘ ϲ ʹ ĂůƚĞnjnjĂ ŵ͘ ϰ͘ϱ
ĂƌŝĐŽ ůƵĐŝ <ǁ ϮϬ <ǁ ϮϬ
dĞŵƉŝ Ěŝ ŵŽŶƚĂŐŐŝŽ ϰ ŽƌĞ ĐŝƌĐĂ ϰ ŽƌĞ ĐŝƌĐĂ
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