&RPPXQLRQ GXULQJ ³7KH VHHG LV WKH ZRUG RI *RG … · 2020-07-10 · wkdw lv doo wkh wlph xsoliwlqj...
Transcript of &RPPXQLRQ GXULQJ ³7KH VHHG LV WKH ZRUG RI *RG … · 2020-07-10 · wkdw lv doo wkh wlph xsoliwlqj...
�����������-ඎඅඒ���������
)ංൿඍൾൾඇඍ�6ඎඇൽൺඒ�ංඇ�
2උൽංඇൺඋඒ�7ංආൾ�� ³7KH�VHHG�LV�WKH�ZRUG�RI�*RG��&KULVW�LV�WKH�VRZHU��$OO�ZKR�FRPH�WR�KLP�ZLOO��KDYH�OLIH�IRUHYHU�´ �����������������������/XNH����� � �����&උංඌඍඈඉൾඋ�'උංඏൾ 6W��/RXLV��02������ 3DULVK�2IILFH�+RXUV ���0RQGD\—)ULGD\� ������D�P�—�����S�P� 3KRQH��������������� )$;���������������
4XHHQ�RI�$OO�6DLQWV�6FKRRO 3KRQH��������������� )D[��������������� ZZZ�TDVVWO�RUJ
4ඎൾൾඇ�ඈൿ�$අඅ�6ൺංඇඍඌ &ൺඍඈඅංർ�&ඎඋർ
6ൺർඋൺආൾඇඍ�ඈൿ�ඍൾ�(ඎർൺඋංඌඍ 6ඎඇൽൺඒ�0ൺඌඌ 6DWXUGD\������S�P� 6XQGD\�������������DQG�������D�P������1RRQ :ൾൾൽൺඒ�ආൺඌඌൾඌ 0RQGD\�—�)ULGD\������D�P��DQG������D�P� 6DWXUGD\������D�P� (ඎർൺඋංඌඍංർ�$ൽඈඋൺඍංඈඇ 7XHVGD\������D�P�—�����S�P� 3ൾඋඉൾඍඎൺඅ�+ൾඅඉ�'ൾඏඈඍංඈඇඌ�ൺඇൽ�%ൾඇൾൽංർඍංඈඇ 7XHVGD\������S�P� 6ൺർඋൺආൾඇඍ�ඈൿ�5ൾർඈඇർංඅංൺඍංඈඇ ���&උඒ�5ඈඈආ� 7XHVGD\�IROORZLQJ�WKH������D�P��DQG������D�P��0DVVHV ��7XHVGD\������-������S�P� 6DWXUGD\������D�P�—�����D�P��������S�P�—�����S�P� $Q\WLPH�SOHDVH�FDOO�WKH�UHFWRU\�
�$�3ਁਉਓਈ�ਆਏ�ਔਈਅ�3ਅਏਐਅ
)ංඋඌඍ�&ඈආආඎඇංඈඇ� 'DWHV�DQG�7LPH
-XO\��������� �� �����S�P� -XO\��������� �� �����D�P� ������D�P� -XO\��������� �� �����S�P� -XO\��������� �� �����D�P� ������D�P�
6ൺർඋൺආൾඇඍ�ඈൿ�)ංඋඌඍ�&ඈආආඎඇංඈඇ�
,Q�REVHUYDQFH�RI�WKH�JXLGHOLQHV�IRU�GLVWDQFLQJ�DW�WKLV�WLPH��RXU�VHFRQG�JUDGHUV�ZLOO�PDNH�WKHLU�)LUVW�+RO\�&RPPXQLRQ�GXULQJ�UHJXODU�VFKHGXOHG�ZHHNHQG�0DVVHV�LQ�&KXUFK� 3OHDVH�NQRZ�WKDW�LI�\RX�DUH�SODQQLQJ�WR�DWWHQG�RQH�RI�WKHVH�0DVVHV��WKH�RYHUIORZ�RI�DWWHQGHHV�ZLOO�EH�DVNHG�WR�FHOHEUDWH�0DVV�LQ�/LPEDFK�+DOO��<RX�DUH�HQFRXUDJHG�WR�DWWHQG������D�P��RU����1RRQ�0DVV�
%ඎඅඅൾඍංඇ�'ൾൺൽඅංඇൾ� 7KH�GHDGOLQH�IRU�DUWLFOHV�IRU�WKH��6XQGD\�EXOOHWLQ�LV�0RQGD\��PRUQLQJ����EXVLQHVV�GD\V�EHIRUH�WKH�DUWLFOH�DSSHDUV�LQ�WKH�EXOOHWLQ��+DOI�DQG�IXOO�SDJH�UHTXHVWV�DUH�GXH����EXVLQHVV�GD\V�EHIRUH�SXEOLFDWLRQ�GDWH��7KLV�VFKHGXOH�FKDQJHV�IRU�+RO\�'D\V�DQG�KROLGD\V��� 3OHDVH�VHQG�DOO�EXOOHWLQ�DUWLFOHV�WR TXHHQSDULVK#TDVVWO�RUJ�
0LVVLRQ�6WDWHPHQW
$V�PHPEHUV�RI�4XHHQ�RI�$OO�6DLQWV�3DULVK�ZH�DUH�D�FRPPXQLW\�XQLWHG�LQ�WKH�&DWKROLF�IDLWK��QRXULVKHG�E\�WKH�(XFKDULVW��DQG�VHQW�WR�PDNH�&KULVW�NQRZQ�WR�DOO�WKURXJK�ZRUG�DQG�GHHG�
4ඎൾൾඇ�ඈൿ�$අඅ�6ൺංඇඍඌ�&ൺඍඈඅංർ�&ඎඋർ�������������������� ����������������������������������-ඎඅඒ����������������������������
+ංඅංඍඌ 0ൺඌඌ�,ඇඍൾඇඍංඈඇඌ�ൺඇൽ�5ൾൺൽංඇඌ
3RSH�)UDQFLV¶V�3UD\HU�7R�0DU\ 'XULQJ�&RURQDYLUXV�3DQGHPLF
2�0DU\� \RX�DOZD\V�VKLQH�RQ�RXU�SDWK DV�D�VLJQ�RI�VDOYD�WLRQ�DQG�RI�KRSH� :H�HQWUXVW�RXU�VHOYHV�WR�\RX��+HDOWK�RI�WKH�6LFN��ZKR�DW�WKH�FURVV�WRRN�SDUW�LQ�-HVXV�SDLQ��NHHSLQJ�\RXU�
IDLWK�ILUP� <RX��6DOYDWLRQ�RI�WKH�5RPDQ�3HR�SOH��NQRZ�ZKDW�ZH�QHHG��DQG�ZH� DUH�VXUH�\RX�ZLOO�SURYLGH�VR�WKDW�� DV�LQ�&DQD�RI�*DOLOHH��ZH�PD\ UHWXUQ�WR�MR\�DQG�WR�IHDVWLQJ�DIWHU�WKLV�WLPH�RI�WULDO� +HOS�XV��0RWKHU�RI�'LYLQH�/RYH� WR�FRQIRUP�WR�WKH�ZLOO�RI�WKH�)DWKHU DQG�WR�GR�DV�ZH�DUH�WROG�E\�-HVXV� ZKR�KDV�WDNHQ�XSRQ�KLPVHOI�RXU�VXIIHULQJV�DQG�FDUULHG�RXU�VRU�URZV�WR�OHDG�XV��WKURXJK�WKH�FURVV��WR�WKH�MR\�RI�WKH�UHVXUUHF�WLRQ���$PHQ� 8QGHU�\RXU�SURWHFWLRQ��ZH�VHHN�UHIXJH��+RO\�0RWKHU�RI�*RG���'R�QRW�GLVGDLQ�WKH�HQWUHDWLHV�RI�ZH�ZKR�DUH�LQ�WULDO��EXW�GHOLYHU�XV�IURP�HYHU\�GDQJHU��2�JORULRXV�DQG�EOHVVHG�9LUJLQ���$PHQ�
6WHZDUGVKLS
³7KH�VHHG�VRZQ�DPRQJ�WKRUQV�LV�WKH�RQH�ZKR�KHDUV�WKH�ZRUG�EXW�WKHQ�WKH�FDUHV�RI�WKH�ZRUOG�DQG�WKH�OXUH�RI�ULFKHV�FKRNH�WKH�ZRUG�DQG�LW�EHDUV�QR�IUXLW�´ 0DWWKHZ������ 'RHV�WKH�OXUH�RI�ULFKHV�DQG�PDWHULDO�JRRGV�FKRNH�*RG�RXW�RI�\RXU�OLIH"�$UH�\RX�VR�FDXJKW�XS�LQ�HDUWKO\�DFWLYLWLHV�WKDW�\RX�KDYH�QR�WLPH�IRU�*RG"�*UDWLWXGH�DQG�JHQHURVLW\�DUH�YLUWXHV�WKDW�ZH�VKRXOG�VWULYH�WR�GR�RQ�D�GDLO\�EDVLV��(YHU\�GHFLVLRQ�ZH�PDNH�HLWKHU�WDNHV�XV�RQH�VWHS�FORVHU�WR�*RG�RU�RQH�VWHS�IXUWKHU�DZD\��:KDW�ZH�UHFHLYH�DW�0DVV�HYHU\�6XQGD\�VKRXOG�EH�VKDUHG�ZLWK�RWKHUV�DOO�WKH�RWKHU�GD\V�RI�WKH�ZHHN�DV�ZHOO�
0RQGD\��-XO\����-�6W��+HQU\ ,VDLDK�����-���0DWWKHZ������—���� ����������D�P����������������� 3XUJDWRULDO�6RFLHW\����������������������� ����������D�P����������������� -LP�%RKQ���� 7XHVGD\��-XO\����-�6W��.DWHUL��7HNDNZLWKD ,VDLDK����-��0DWWKHZ������-�� �����D�P������������� /RXLV�)URVW������������������������� �����D�P� /DUU\�%RUFKHWWD���� :HGQHVGD\��-XO\����-�6W��%RQDYHQWXUH ,VDLDK�����-�����E-���0DWWKHZ������-�� �����D�P� 'DYH��3DW�6LQFODLU���� ���������D�P� 3ULHVW¶V�,QWHQWLRQ���� 7KXUVGD\��-XO\����-�2XU�/DG\�RI�0RXQW�&DUPHO =HFKDULDK�����-���0DWWKHZ������-�� �����D�P� 6SHFLDO�,QWHQWLRQ��%�%�� �����D�P� 'RQDOG�.HOOH\���� )ULGD\��-XO\��� ,VDLDK�����-�����-�����-��0DWWKHZ�����-� �����D�P� &DWKHULQH�+RUQH�������������������������� �����D�P� &DVLPLU�*DFLRFK���� 6DWXUGD\��-XO\����-�6W��&DPLOOXV�GH�/HOOLV��%OHVVHG�9LUJLQ�0DU\ 0LFDK����-��0DWWKHZ������-�� �����D�P� $QJHOR�0LJQHFR�������������������������������������������������������� �����S�P� �.HYLQ�-RQHV��+HDOWK������������ 6XQGD\��-XO\����-���WK�6XQGD\�LQ�2UGLQDU\�7LPH :LVGRP���������-���5RPDQV�����-���0DWWKHZ������-�� ���� �����D�P� +HUE�0H\HU���� �����D�P����������� 0LFKHOOH�DQG�-XOLH�*LOPRUH�������������������������������������� �� ������D�P�������������� /RXLV�$PDWR���� �� ������1RRQ )RU�WKH�3HRSOH
6XQGD\�0DVV��/LYH�9LGHR�0DVV�6WUHDPLQJ� �����D�P�� ������D�P� :HHNGD\�0DVVHV��/LYH�9LGHR�0DVV�6WUHDPLQJ� 0RQGD\—6DWXUGD\ �����D�P�
'HDU�3DULVKLRQHUV� 7KH�SRHP�VWDWHV�
2QH�VRQJ�FDQ�VSDUN�D�PRPHQW� 2QH�IORZHU�FDQ�ZDNH�WKH�GUHDP� 2QH�WUHH�FDQ�VWDUW�D�IRUHVW� 2QH�ELUG�FDQ�KHUDOG�VSULQJ� 2QH�VPLOH�EHJLQV�D�IULHQGVKLS� 2QH�KDQGFODVS�OLIWV�D�VRXO� 2QH�VWDU�FDQ�JXLGH�D�VKLS�DW�VHD� 2QH�ZRUG�FDQ�IUDPH�WKH�JRDO� 2QH�YRWH�FDQ�FKDQJH�D�QDWLRQ� 2QH�VXQEHDP�OLJKWV�D�URRP� 2QH�FDQGOH�ZLSHV�RXW�GDUNQHVV� 2QH�ODXJK�ZLOO�FRQTXHU�JORRP� 2QH�VWHS�PXVW�VWDUW�HDFK�MRXUQH\� 2QH�ZRUG�PXVW�VWDUW�HDFK�SUD\HU� 2QH�KRSH�ZLOO�UDLVH�RXU�VSLULWV� 2QH�WRXFK�FDQ�VKRZ�\RX�FDUH� 2QH�YRLFH�FDQ�VSHDN�ZLWK�ZLVGRP�� 2QH�KHDUW�FDQ�NQRZ�ZKDW¶V�WUXH� 2QH�OLIH�FDQ�PDNH�D�GLIIHUHQFH� <RX�VHH��LW¶V�XS�WR��\RX�
,�WKLQN�\RX�FRXOG�DGG�WR�WKLV�SRHP�-�2QH�VHHG�FDQ�VSUHDG�WKH�.LQJGRP�RI�*RG�DQG�EHDU�IUXLW��\LHOGLQJ�D�KXQGUHG�RU�VL[W\�RU�WKLUW\�IROG��7KXV�VD\V�-HVXV�DV�KH�VSHDNV�WR�D�ODUJH�FURZG�LQ�WRGD\¶V�*RVSHO��7KH�VRZHU�WRVVHG�WKH�VHHGV�HYHU\ZKHUH�KH�FRXOG��DV�ZDV�WKH�SUDFWLFH�RI�WKH�GD\��+H�KDG�KLJK�KRSHV�WKDW�MXVW�VRPH�RI�WKRVH�VHHGV�ZRXOG�ILQG�ULFK�VRLO��WDNH�URRW��DQG�SURGXFH�DQ�DEXQGDQW�KDUYHVW��-HVXV�KDV�WKH�VDPH�KRSH�VWLOO� 2XU�WDVN�LV�WR�OHW�D�VHHG��RQH�VHHG��D�VLQJOH�VHHG��WDNH�URRW�LQ�RXU�KHDUWV�DQG�VRXOV��-XVW�DV�WKH�DERYH�SRHP�QRWHV�WKH�UHPDUNDEOH�WKLQJV�WKDW�RFFXU�ZLWK�D�VLQJOH�VRQJ��VXQEHDP��RU�ODXJK��VR�UHPDUNDEOH�WKLQJV�ZLOO�KDSSHQ�ZKHQ�D�VLQJOH�VHHG�RI�*RG¶V�ZRUG�VLQNV�GHHSO\�LQWR�XV��:RQGURXV��KRO\�WKLQJV�OLNH�PHUF\��KRSH��ORYH��DQG�VDOYDWLRQ�ERXQG�RXW�RI�RXU�KHDUWV�DQG�EULQJ�SHDFH��FRPIRUW��DQG�LQVSLUDWLRQ�WR�DOO�ZKR�DUH�QHDU��$QG�WKLV�GRHVQ¶W�KDSSHQ�RQO\�D�IHZ�WLPHV��D�QRZ-DQG-WKHQ�RFFXUUHQFH��EXW�D�KXQGUHGIROG��WKDW�LV��DOO�WKH�WLPH��XSOLIWLQJ�HYHU\ERG\��7KDW¶V�KRZ�SRZHUIXO�WKH�VHHG�LV��WKDW¶V�KRZ�H[WUDRUGLQDU\�LV�WKH�:RUG�RI�*RG� 2XU�SUD\HU�WKLV�GD\�LV�QRW�WR�FKRNH�WKDW�:RUG�ZLWK�VHOILVKQHVV�RU�OHW�LW�ZLWKHU�EHFDXVH�ZH�SURYLGH�QR�URRWV��5DWKHU��ZH�UHFHLYH�WKLV�RQH�VHHG��WKLV�:RUG�RI�*RG��DQG�OHW�UHPDUNDEOH�WKLQJV�KDSSHQ��<RX�VHH��LW¶V�XS�WR�\RX� 0D\�*RG�EOHVV�\RX�DOZD\V� ,Q�&KULVW� )U��+DPEURXJK
3ൺඌඍඈඋ )DWKHU�3DWULFN�+DPEURXJK
������������ SKDPEURXJK#DUFKVWO�RUJ
3ൺඋඈർංൺඅ�9ංർൺඋ )DWKHU�&ODUN�3KLOLSS
������������� SKLOLSS#TDVVWO�RUJ
'ൾൺർඈඇඌ
'HDFRQ�5LFKDUG�6FKHOOKDVH �������������H[W�����
'HDFRQ�-RVHSK�:LQJEHUPXHKOH �������������H[W�����
(අൾආൾඇඍൺඋඒ�6ർඈඈඅ�
3උංඇർංඉൺඅ *D\OH�0LOOEXUJ �������������
PLOOEXUJJ#TDVVWO�RUJ
&ඈඈඋൽංඇൺඍඈඋ�ඈൿ� 5ൾඅංංඈඎඌ�(ൽඎർൺඍංඈඇ
3ൺඋංඌ�6ർඈඈඅ�ඈൿ�5ൾඅංංඈඇ $QQ�%HQGHU� �������������
EHQGHUD#TDVVWO�RUJ
<ඈඎඍ�0ංඇංඌඍൾඋ 7LP�%XEDFN ������������
EXEDFN#TDVVWO�RUJ
/ංඍඎඋංർൺඅ�0ඎඌංർ &KULVWRSKHU�'XQQ
�������������H[W���� GXQQF#TDVVWO�RUJ
R &ංඅൽ�6ൺൿൾඍඒ�&ඈඈඋൽංඇൺඍඈඋ
-DQ�6FKURHGHU ������������
VFKURHGHUM#TDVVWO�RUJ
)ංൿඍൾൾඇඍ�6ඎඇൽൺඒ�ංඇ�2උൽංඇൺඋඒ�7ංආൾ�����������������������������������������������������������������-ඎඅඒ���������
3ൺඌඍඈඋൺඅ�6ඍൺൿൿ
7KH�ZHHNO\�FROOHFWLRQ�UHPDLQV�DEVROXWHO\�HVVHQWLDO�WR�RXU�SDULVK�RSHUDWLRQV��(YHQ�WKRXJK�ZH�ZLOO�QRW�JDWKHU�SK\VLFDOO\�IRU�0DVV��SOHDVH�FRQWLQXH�WR�JLYH�YLD�:H6KDUH�RU�)DLWK�'LUHFW�RU�E\�EULQJLQJ�RU�PDLOLQJ�\RXU�FRQWULEXWLRQ�WR�WKH�3DULVK�2IILFH��3OHDVH�XVH�WKH�VORW�LQ�WKH�GRRU��7KDQN�\RX�IRU�\RXU�JHQHURVLW\�� 7R�GRQDWH�WKURXJK�:H6KDUH��JR�WR� ·TDVVWO�RUJ�JLYLQJ ·6FUROO�WR�WKH�ERWWRP�RI�WKH�SDJH�DQG��FOLFN�RQ�WKH����������������� VPDOO�FKXUFK�WKDW�VD\V�*LYH�2QOLQH ·&RPSOHWH�\RXU�LQIRUPDWLRQ ,I�\RX�KDYH�DQ\�TXHVWLRQV�RU�QHHG�KHOS��FRQWDFW�:H6KDUH�DW��-���-���-����� <RX�FDQ�UHWXUQ�DQ\�WLPH�WR�HGLW�\RXU�GRQDWLRQ�RU�WR�UHYLHZ�\RXU�ILQDQFLDO�UHFRUGV�
4ඎൾൾඇ�ඈൿ�$අඅ�6ൺංඇඍඌ�&ൺඍඈඅංർ�&ඎඋർ���������������������� ��������������������������������-ඎඅඒ����������������������������
'21$7,216
³%HFDXVH�:H�$UH�&DWKROLF´�LV�WKH�VORJDQ�IRU�WKH������$QQXDO�&DWKROLF�$SSHDO��7KH�*RDO�IRU�4XHHQ�RI�$OO�6DLQWV�SDUWLFLSDWLRQ�LQ�WKLV�LPSRUWDQW�IXQGUDLVHU�LV�����������7KXV�IDU��SDULVKLRQHUV�KDYH�GRQDWHG�����������7KDQNV�WR�DOO�ZKR�KDYH�PDGH�D�GRQDWLRQ� ,I�\RX�KDYH�QRW�PDGH�D�GRQDWLRQ��SOHDVH�WDNH�LW�WR�SUD\HU��VHHN�*RG¶V�JXLGDQFH�DV�\RX�GLVFHUQ�\RXU�SDUW�LQ�WKLV�$SSHDO��0DQ\�SHRSOH�ZDLW�LQ�QHHG�RI�DVVLVWDQFH�IURP�RXU�&DWKROLF�&KXUFK��%H�D�SDUW�RI�WKH�HIIRUW�WR�KHOS�WKHP� <RX�PD\�PDLO�\RXU�GRQDWLRQ�FDUG�EDFN�WR�WKH�$UFKGLRFHVH��RU�GRQDWHG�WKURXJK�WKHLU�ZHEVLWH��$&$�$5&+67/�25*��RU�JR�WKURXJK�WKH�RQOLQH�JLYLQJ�OLQN�RQ�WKH�4XHHQ�RI�DOO�6DLQWV�ZHEVLWH��4$667/�25*�
2IIHUWRU\
2IIHUWRU\
�������
:H6KDUH
�������
2IIHUWRU\
������
:H6KDUH
������
2IIHUWRU\ ���������� ������������ ���������� �����������
/RRVH ������������� �������������
&DSLWDO�,PSURYHPHQW ���������������������������� ��������������������������������� ������������� �������������
7XLWLRQ�$VVLVWDQFH ������������� �������������� ������������� ������������
6DLQW�9LQFHQW�GH�3DXO ������������ ������������� ����������� �������������
&DUGLQDO�*OHQQRQ ������������� �������������
3HWHU¶V�3HQFH ������������ ������������
(DVWHU�2IIHULQJ ��������������
(OHFWURQLF�:LWKGUDZDO ������������
&ൺඍඈඅංർ�5ൺൽංඈ�$0������.+2-
(QMR\�D�YDULHW\�RI�&DWKROLF�SURJUDPV�DW�KRPH� RU�ZKLOH�GULYLQJ�WR�ZRUN���)RU�D�SURJUDP�VFKHGXOH�DQG�D�IUHH�&'��SOHDVH�FDOO����-�����
'ඒඇൺආංർ�&ൺඍඈඅංർ��$ਉਖਅ��- 7ൾ�:ඈඋൽ
0DQ\�RI�XV�KDYH�KHDUG�WKH�MRNHV�WKDW�&DWKROLFV�GRQ¶W�UHDG�WKH�%LEOH��:KLOH�LW�LV�WUXH�WKDW�WKH�VDFUDPHQWDO�OLIH�RI�WKH�&DWKROLF�&KXUFK�LV�ZRQGHUIXO�DQG�VXUSDVVHV�WKH�SRZHU�RI�6FULSWXUH�DORQH��LW�LV�LPSHUDWLYH�IRU�XV�WR�UHDG�DQG�SUD\�ZLWK�6FULSWXUH��-HVXV��WKH�:RUG�PDGH�IOHVK��UHPLQGV��XV�LQ�+LV�ZRUGV�WR�WKH�GLVFLSOHV�KRZ�LPSRUWDQW�LW�LV�WR�KHDU�WKH�:RUG�RI�*RG��WR�PHGLWDWH�RQ�LW��DQG�WR�LPSOHPHQW�LWV�WUXWKV�LQWR�RXU�GDLO\�OLYHV��+H�UHPLQGV�XV�RI�WKH�QHFHVVLW\�WR�EH�URRWHG�LQ�LW�DQG�WR�DOORZ�LW�WR�EHFRPH�WKH�ZHOOVSULQJ�IURP�ZKLFK�DOO�RI�RXU�WKRXJKWV��ZRUGV��DQG�DFWLRQV�IORZ��:H�VKRXOG�UHDG�6FULSWXUH�HYHU\�VLQJOH�GD\�RI�RXU�OLYHV��ZKHWKHU�WKDW�PHDQV�JRLQJ�WR�GDLO\�0DVV�DQG�OLVWHQLQJ�WR�WKH�UHDGLQJV��SUD\LQJ�OHFWLR�GLYLQD��RU�SUD\LQJ�D�GDLO\�%LEOH�YHUVH�RQ�RQH�RI�WKH�YDULRXV�DSSV��6W��-HURPH�RQFH�VDLG�WKDW�LJQRUDQFH�RI�6FULSWXUH�LV�LJQRUDQFH�RI�&KULVW��:H�FRPH�WR�D�IXOOHU�NQRZOHGJH�DQG�UHODWLRQVKLS�ZLWK�WKH�/RUG�ZKHQ�ZH�UHDG�WKH�6FULSWXUHV��
DUFKVWO�RUJ�G\QDPLF��
6ൺർඋൺආൾඇඍ�ඈൿ�%ൺඉඍංඌආ
&RQJUDWXODWLRQV�WR�RXU�UHFHQWO\�EDSWL]HG�SDULVKLRQHU��-RKQ�.HLWK�5HLQKROG��FKLOG�RI�(ULF�DQG�/DXUHQ�5HLQKROG��EDSWL]HG�LQ�&KULVW�RQ�-XQH�����������DW�4XHHQ�RI�$OO�6DLQWV�&KXUFK�� 0D\�WKH�EOHVVLQJ�RI�WKH�/RUG�EH�DOZD\V�XSRQ�-RKQ�.HLWK��DQG�PD\�*RG�ZDWFK�RYHU�DQG�FKHULVK�WKLV�FKLOG�ZKRP�*RG�KDV�EOHVVHG�ZLWK�WKH�JUDFH�RI�%DSWLVP��
)ංൿඍൾൾඇඍ�6ඎඇൽൺඒ�ංඇ�2උൽංඇൺඋඒ�7ංආൾ�����������������������������������������������������������������-ඎඅඒ���������
)ංൺඍ�:ඈආൾඇ¶ඌ�*උඈඎඉ
2XU�QH[W�PHHWLQJ�ZLOO�EH�7KXUVGD\��-XO\���WK��ZLWK�)U��'RQ�+HQNH��$VVRFLDWH�3URIHVVRU�RI�0RUDO�7KHRORJ\��'XH�WR�WKH�&29,'-���UHVWULFWLRQV��WKLV�WDON�ZLOO�EH�D�YLUWXDO�HYHQW�RQO\��DYDLODEOH�RQ�WKH�<RX7XEH�OLYHVWUHDP�FKDQQHO�DQG�)DFHERRN�/LYH��9LVLW�WKH�)LDW�ZHEVLWH��ZZZ�NHQULFN�HGX�ILDW��IRU�PRUH�LQIRUPDWLRQ�
6ൺർඋൺආൾඇඍ�ඈൿ�%ൺඉඍංඌආ
&RQJUDWXODWLRQV�WR�RXU�UHFHQWO\�EDSWL]HG�SDULVKLRQHU��-RVHSK�0LFKDHO�$GDQN��FKLOG�RI�%UDG�DQG�7ULVK�$GDQN��EDSWL]HG�LQ�&KULVW�RQ�-XO\����������DW�4XHHQ�RI�$OO�6DLQWV�&KXUFK�� 0D\�WKH�EOHVVLQJ�RI�WKH�/RUG�EH�DOZD\V�XSRQ�-RVHSK�0LFKDHO��DQG�PD\�*RG�ZDWFK�RYHU�DQG�FKHULVK�WKLV�FKLOG�ZKRP�*RG�KDV�EOHVVHG�ZLWK�WKH�JUDFH�RI�%DSWLVP��
4ඎൾൾඇ�ඈൿ�$අඅ�6ൺංඇඍඌ�&ൺඍඈඅංർ�&ඎඋർ������������������������������������������������������������-ඎඅඒ���������
.ൾඇඋංർ-*අൾඇඇඈඇ�'ൺඒඌ &DWKROLF�6XPPHU�&DPS�IRU�%R\V
7KLV�FDPS�LV�DQ�DQQXDO�VXPPHU�FDPS�SXW�RQ�DW�WKH�6HPLQDU\�LQ�6W��/RXLV���,W�LV�XVXDOO\�VHYHUDO�GD\V�ORQJ��%HFDXVH�RI�WKH�FRQFHUQV�VXUURXQGLQJ�WKH�VDIHW\�RI�WKH�FDPSHUV�DQG�WHDP�SXWWLQJ�LW�RQ��WKLV�\HDU¶V�FDPS�ZDV�SRVWSRQHG�DQG�KDV�EHHQ�VKRUWHQHG�ZLWK�FKDQJHV�WKDW�ZLOO�IROORZ�VRFLDO�GLVWDQFLQJ�JXLGHOLQHV� 1HZ�'DWHV�DQG�6FKHGXOH� &DPS�2QH��1HZ��WK���WK�*UDGHUV���-XO\���� �����$�0�-�����3�0� &DPS�7ZR��1HZ��WK���WK�*UDGHUV���-XO\���� �����$�0�-�����3�0� 5HJLVWUDWLRQ� ,I�\RX�VKRXOG�OLNH�WR�UHJLVWHU�IRU�WKH�GD\�FDPS��JR�WR��VWOYRFDWLRQV�RUJ
-&DPSHU�FRVW����� 2ඎඋ�/ൺൽඒ�ඈൿ�*ඎൺൽൺඅඎඉൾ�ൿඈඋ�/ංൿൾ ,ඇඏංඍൾඌ�ඒඈඎ�ඍඈ�ඉඋൺඒ�ൺ�/ංඏංඇ�5ඈඌൺඋඒ�ൿඈඋ�/ංൿൾ
:KHQ���6XQGD\��-XO\����������DW������S�P� :KHUH���$VVXPSWLRQ�3DULVK�-�0DWWHVH ������������������0DWWLV�5G�������� $OO�VDIHW\�SUHFDXWLRQV�ZLOO�EH�REVHUYHG��VLWWLQJ�VL[�IHHW�DSDUW�WKURXJKRXW�WKH�&KXUFK�
7ඈඎඍ�)ඈඋ�7ൾ�:ൾൾ
&KULVW�LV�QRW�YDOXHG�DW�DOO
8QOHVV�+H�EH�YDOXHG�DERYH�DOO�
(ඎർൺඋංඌඍංർ�$ൽඈඋൺඍංඈඇ�ൺඇൽ 3ൾඋඉൾඍඎൺඅ�+ൾඅඉ�'ൾඏඈඍංඈඇඌ�5ൾඌඎආൾൽ
3OHDVH�QRWH�WKDW�ZH�KDYH�UHVXPHG�$GRUDWLRQ�RI�WKH�(XFKDULVW�RQ�7XHVGD\V��7KH�%OHVVHG�6DFUDPHQW�ZLOO�EH�SODFHG�XSRQ�WKH�DOWDU�DW�WKH�FRQFOXVLRQ�RI�WKH������D�P��0DVV�DQG�ZLOO�UHPDLQ�WKHUH�XQWLO�
FRQFOXGLQJ�SUD\HUV�DUH�RIIHUHG�DW������S�P� $OO�SDULVKLRQHUV�DUH�HQFRXUDJHG�WR�FRPH�DQG�VSHQG�WLPH�LQ�SUD\HU�LQ�WKH�5HDO�3UHVHQFH�RI�-HVXV�&KULVW�
2YHU�WKH�QH[W�WZR�ZHHNHQGV�ZH�ZLOO�EH�JLYLQJ�)LUVW�+RO\�&RPPXQLRQ�WR�RXU�\RXQJ�SDULVKLRQHUV�ZKR�VSHQW�WKHLU��QG�JUDGH�\HDU�SUHSDULQJ�IRU�WKLV�6DFUDPHQW��%HFDXVH�RI�VSDFH�UHVWULFWLRQV�ZH�DUH�VSUHDGLQJ�WKLV�RXW�RYHU�VL[�0DVVHV��7KHVH�0DVVHV�ZLOO�EH������S�P��RQ�6DWXUGD\��-XO\�����DQG������DQG�������D�P��RQ�6XQGD\��-XO\�����DQG������S�P��RQ�-XO\�����DQG������DQG�������D�P��RQ�-XO\�����7KHUH�ZLOO�EH�DERXW�ILIWHHQ�)LUVW�&RPPXQLFDQWV�DW�HDFK�RI�WKRVH�VL[�0DVVHV� 7KXV��LI�\RX�GRQ¶W�ZDQW�WR�VSHQG�H[WUD�WLPH�LQ�FKXUFK�RU�LI�\RX�KDYH�FRQFHUQV�DERXW�ODUJHU�FURZGV�ZKLFK�ZLOO�DFFRPSDQ\�WKHVH�)LUVW�&RPPXQLRQV��\RX�DUH�HQFRXUDJHG�WR�DWWHQG�HLWKHU������D�P��RU����1RRQ�0DVVHV�RQ�WKRVH�ZHHNHQGV�
)ංൿඍൾൾඇඍ�6ඎඇൽൺඒ�ංඇ�2උൽංඇൺඋඒ�7ංආൾ�����������������������������������������������������������������-ඎඅඒ��������� �������������������
&<&�9ඈඅඅൾඒൻൺඅඅ�2ൿൿංർංൺඅඌ�ඈඋ�6ർඈඋൾൾൾඉൾඋඌ
,I�\RX�DUH�LQWHUHVWHG�LQ�
EHLQJ�D�&<&�YROOH\EDOO�RIILFLDO�RU�VFRUHNHHSHU�WKLV�XSFRPLQJ�\HDU��WKHQ�SOHDVH�YLVLW�WKH�4$6�ZHEVLWH�IRU�9ROOH\EDOO�2IILFLDOV�DW�KWWS���ZZZ�TDVDD�RUJ�VSRUWV�YROOH\EDOO�YEDOO-UHIHUHHV-FRUQHU 7KH�ZHEVLWH�KDV�D�OLQN�WR�WKH�RIILFLDO¶V�WHVW��FOLQLF�GDWHV��DQG�DQ\�RWKHU�SDSHUZRUN�WKDW�\RX�ZLOO�QHHG�IRU�WKH�VHDVRQ��,I�\RX�DUH�LQWHUHVWHG��SOHDVH�IDPLOLDUL]H�\RXUVHOI�ZLWK�WKH�DVVLJQU�V\VWHP��ZKLFK�ZH�XVH�WR�VFKHGXOH�DOO�YROOH\EDOO�RIILFLDOV��<RX�FDQ�GR�WKLV�XVLQJ�WKH�OLQN�KWWS���ZZZ�TDVDD�RUJ�VSRUWV�YROOH\EDOO�YEDOO-UHIHUHHV-FRUQHU�DVVLJQU-WXWRULDO�
<ඈඎඇ�&ൺඍඈඅංർ�0ඎඌංർංൺඇඌ�$ඎൽංඍංඈඇඌ
9RFDO�DQG�,QVWUXPHQWDO�DXGLWLRQV�IRU�7KH�<RXQJ�&DWKROLF�0XVLFLDQV�RUFKHVWUD�DQG�FKRLU�ZLOO�EH�KHOG�GXULQJ�-XO\��$JHV���-���DUH�ZHOFRPH�WR�DXGLWLRQ� �������ZZZ�\RXQJFDWKROLFPXVLFLDQV�RUJ� 7KH�<&0�KDV���UHKHDUVDOV�D�PRQWK�DQG�OHDGV�WKH�PXVLF�IRU�0DVV�RQFH�D�PRQWK� &RQWDFW�)U��%UXFH�)RUPDQ��'LUHFWRU��DW����-���-�����RU�UHY\FP#FKDUWHU�QHW�WR�VFKHGXOH�DQ�DXGLWLRQ�
7R�$OO� $IWHU�PXFK�FRQVLGHUDWLRQ��WKH�&RPPLWWHH�KDV�UHDFKHG�WKH�GHFLVLRQ�WR�FDQFHO�WKH�7DSSHG�DQG�8QFRUNHG�67/������HYHQW�GXH�WR�WKH�XQFHUWDLQWLHV�DQG�REVWDFOHV�RI�WKH�&29,'-���RXWEUHDN� $IWHU�WDNLQJ�LQWR�FRQVLGHUDWLRQ�WKH�EHVW�LQWHUHVWV�RI�WKH�SXEOLF��RXU�VSRQVRUV�DQG�YHQGRUV�ZH�KDYH�GHFLGHG�WKDW�WKHUH�ZRXOG�EH�QR�ZD\�WR�VDIHO\�KRVW�WKLV�HYHQW��3OHDVH�NQRZ�WKDW�PDQ\�WKLQJV�ZHUH�WDNHQ�LQWR�FRQVLGHUDWLRQ�LQ�PDNLQJ�WKLV�GLIILFXOW�GHFLVLRQ� :H�ORRN�IRUZDUG�WR�SXWWLQJ�RQ�D�JUHDW�WDVWLQJ�HYHQW�LQ������IHDWXULQJ�DQ�DEXQGDQFH�RI�TXDOLW\�IRRG��EHHU�DQG�ZLQH� $V�ZH�FRQWLQXH�WR�WUDYHUVH�WKURXJK�WKHVH�XQFHUWDLQ�WLPHV��SOHDVH�VKRZ�VXSSRUW�IRU�RXU�ZRQGHUIXO�VSRQVRUV�DQG�YHQGRUV�ZKR�PDNH�WKLV�HYHQW�SRVVLEOH�HDFK�\HDU��7KLV�OLVW�FDQ�EH�IRXQG�RQ�RXU�ZHEVLWH� :H�KRSH�\RX�DQG�\RXU�IDPLOLHV�VWD\�VDIH�DQG�KHDOWK\�DQG�ZH�ORRN�IRUZDUG�WR�ZRUNLQJ�ZLWK�\RX�QH[W�\HDU� 7KDQNV�IRU�\RXU�VXSSRUW 7DSSHG�DQG�8QFRUNHG�67/�&RPPLWWHH
2XU�/DG\�RI�0RXQW�&DUPHO LV�WKH�WLWOH�JLYHQ�WR�WKH %OHVVHG�9LUJLQ�0DU\ LQ�KHU�UROH�DV SDWURQHVV RI�WKH &DUPHOLWH�2UGHU��7KH�ILUVW�&DUPHOLWHV�ZHUH�&KULVWLDQ KHUPLWV OLYLQJ�RQ 0RXQW�&DUPHO LQ�WKH +RO\�/DQG GXULQJ�WKH�ODWH���WK�DQG�HDUO\�WR�PLG-��WK�FHQWXU\��7KH\�EXLOW�LQ�WKH�PLGVW�RI�WKHLU�
KHUPLWDJHV�D FKDSHO ZKLFK�WKH\�GHGLFDWHG�WR�WKH�%OHVVHG�9LUJLQ��ZKRP�WKH\�FRQFHLYHG�RI�LQ�FKLYDOULF�WHUPV�DV�WKH��/DG\�RI�WKH�SODFH���2XU�/DG\�RI�0RXQW�&DUPHO�ZDV�DGRSWHG�LQ�WKH���WK�FHQWXU\�DV�WKH�SDWURQ�VDLQW�RI &KLOH��LQ�6RXWK�$PHULFD�
6LQFH�WKH���WK�FHQWXU\��SRSXODU�GHYRWLRQ�WR�2XU�/DG\�RI�0RXQW�&DUPHO�KDV�FHQWHUHG�RQ�WKH 6FDSXODU�RI�2XU�/DG\�RI�0RXQW�&DUPHO��DOVR�NQRZQ�DV�WKH�%URZQ�6FDSXODU��7UDGLWLRQDOO\��0DU\�LV�VDLG�WR�KDYH�JLYHQ�WKH�6FDSXODU�WR�DQ�HDUO\�&DUPHOLWH�QDPHG�6DLQW 6LPRQ�6WRFN �����-�������7KH�OLWXUJLFDO�IHDVW�RI�2XU�/DG\�RI�0RXQW�&DUPHO�LV�FHOHEUDWHG�RQ�WKH���WK�RI�-XO\�
4ඎൾൾඇ�ඈൿ�$අඅ�6ൺංඇඍඌ�&ൺඍඈඅංർ�&ඎඋർ������������������������������������������������������������-ඎඅඒ���������
7+856'$<�/8; -XO\���WK������-�����S�P��LQ�WKH�4$6�3DUNLQJ�/RW :H�ZLOO�EH�PHHWLQJ�IRU�7KXUVGD\�/8;�WKLV�ZHHN��7XQH�WR�*URXS0H�IRU�PRUH�LQIR�
/,)(�1,*+7�721,*+7� -XO\���WK������������-�����S�P��LQ�WKH�4$6�3DUNLQJ�/RW :H�GR�KDYH�D�/LIH�1LJKW�WRQLJKW��:H�ZLOO�EH�RQ�QLJKW�WZR�RI�RXU�VXPPHU�VHULHV��%HORQJ��D�/LIH�1LJKW�6HULHV�RQ�,VRODWLRQ��:H�LQYLWH�DOO�,1&20,1*�)5(6+0(1�WKURXJK�*5$'8$7('�6(1,256�WR�MRLQ�XV�WRQLJKW�DQG�HYHU\�6XQGD\�1LJKW�ZH�KDYH�/LIH�1LJKWV��3OHDVH�UHPHPEHU�WR�EULQJ�D�ODZQ�FKDLU�DQG�D�PDVN��+RSH�WR�VHH�\RX�DOO�WKHUH�
5ൾඌඍ�,ඇ�3ൾൺർൾ
3OHDVH�SUD\�IRU�WKH�UHSRVH�RI�WKH�VRXO�RI�������6DPXHO�)RUGHU��KXVEDQG�RI�(ORLVH�DQG�IDWKHU�RI�&DWKHULQH�)RUGHU�RI�RXU�SDULVK� 3OHDVH�SUD\�IRU�.LUE\�.HOVR�RI�RXU�SDULVK� 3OHDVH�SUD\�IRU�$OPD�+RO]HU��PRWKHU�RI�0LNH��.DWKU\Q��6HSSL� 0D\�*RG�ZHOFRPH�WKHP�KRPH�DQG�FRPIRUW�WKHLU�IDPLOLHV�LQ�WKHLU�WLPH�RI�VRUURZ�
6800(5�5(75($7—6$9(�7+(�'$7( $XJXVW��QG-�WK������ 4XHHQ�RI�DOO�6DLQWV�<RXWK�0LQLVWU\�LV�SODQQLQJ�D�VXPPHU�UHWUHDW�LQ�$XJXVW��0RUH�GHWDLOV�DUH�FRPLQJ��EXW�SOHDVH�PDUN�\RXU�FDOHQGDUV�
%ൾ�:ൾඅඅ-)ඈඋආൾൽ $�ZHOO-IRUPHG�&DWKROLF�LV�D�ZHOO-LQIRUPHG�&DWKROLF��3OHDVH�WDNH�WLPH�WR�UHDG�WKH�6W��/RXLV�5HYLHZ�DQG�VWD\�XSGDWHG�RQ�ZKDW¶V�JRLQJ�RQ�LQ�WKH�&KXUFK�
0DU\�$QQ�$PDWR =DFKDU\�$PHOXQJ %RE�%DVVH 3DW�%DVVH 'HEELH�%D\OHVV 6XVDQ�%HFNQHU /RUHWWD�%RUFKHWWD /\QGD�%XUNH 0DU\�&DOODKDQ 7RQ\�'HGLF 5RQ�'LHFNPDQQ .HLWK�'XHZHOO +HOHQ�(UOLQJHU &DURO�)DXVW 5XWK�)UDKP 5LFN�)UD]LHU 1RUP�)ULHGPH\HU -DQH�*DFLRFK 3DXOLQH�*UHHQ .HQ�+DJHPDQQ +HOHQ�+DLUVWRQ %REE\�+HGLJHU 'RURWK\�+HUPDQQ %HWW\�+XHJHULFK 'LDQH�-RQHV 3DW�.HOOHU %LOO�.HUEOHU -LP�.ORW] 1LFROH�.RHQLJ 6WHYH�.RKQHU &RQQLH�/DX[ /RUHWWD�/HZDQGRZVNL -DVRQ�/RULQJ 0LFKDHO�0DQLDFL
'RORUHV�0F0XOOLQ 0LVV\�0F0XOOHQ *DU\�0HDGRZV $P\�0HDGRZV $QQLH��3R]]R��0HDKO� &DUPHQ�0ROHWW *UHJ�0XHOOHU .HOO\�0XHOOHU 0DULH�0XUSK\ 'DYLG�0XUUHOO 5RVHPDU\�1DJ\ 0DULO\Q�1RYDN +HOJD�2JHQW -XG\�3HOWRQ &\QWKLD�3R]]R 1HUL�3ULFKDUG 'LDQH�5RPDQR &DUOD�5RZHOO 'RQ�6DPPHOPDQ 0DULO\Q�6DPPHOPDQ 3DWULFLD�6FKPLWW /HR�6HLIIHUW %HOLQGD�6SHQFHU 1RUPD��5RQ�6WLOOPDQ .DWKU\Q�6XOOLYDQ 'HQQLV�6XWWRQ .DUHQ�7KDPDQ 3DPHOD�9RQGHU+DDU 5REHUW�:DUUHQ 3DW�:LOO +ROO\�:LOOH 5RQDOG�:LQVWRQ 0DU\�=HUZLJ
3උൺඒ�ൿඈඋ�ඍൾ�6ංർ
)ංൿඍൾൾඇඍ�6ඎඇൽൺඒ�ංඇ�2උൽංඇൺඋඒ�7ංආൾ�����������������������������������������������������������������-ඎඅඒ��������� �������������������
*5($7�7,0(�72� 5(*,67(5�)25�35(9(17�$1'�
3527(&7�67/ 1(:�6$)(�(19,5210(17�
5(48,5(0(176�$7 12�&267�72�<28�
3/($6(�127(
'XH�WR�WKH�SDQGHPLF��WKH�$UFKGLRFHVDQ�2IILFH�KDV�VWDUWHG�RIIHULQJ�D�=RRP�/LYH�6HVVLRQ�RI�WKH�RULJLQDO��PDQGDWRU\�3URWHFWLQJ�*RG¶V�&KLOGUHQ�:RUNVKRS�WR�ILUVW�WLPH�SHRSOH�ZKLOH�WKH�VWD\-DW-KRPH�DQG�VRFLDO�GLVWDQFLQJ�RUGHUV�DUH�LQ�SODFH��7KH\�ZLOO�FRQWLQXH�WR�DGG�=RRP�FODVVHV�DV�QHHGHG� 7KLV�LV�\HW�DQRWKHU�UHDVRQ�WR�UHJLVWHU�QRZ�LQ�WKH�QHZ�V\VWHP��3UHYHQW�DQG�3URWHFW�67/��ZKLOH�\RX�PD\�KDYH�VRPH�WLPH�RQ�\RXU�KDQGV��,I�\RX�QHHG�DVVLVWDQFH��IHHO�IUHH�WR�FDOO�PH�DW�KRPH�DW����-���-�����RU�HPDLO�PH�DW�VFKURHGHUM#TDVVWO�RUJ� 7KH�$UFKGLRFHVH�RI�6W��/RXLV�KDV�GHYHORSHG�D�QHZ�V\VWHP�IRU�VDIH�HQYLURQPHQW�FRPSOLDQFH�FDOOHG�3UHYHQW�DQG�3URWHFW�67/� �(9(5<21(��FOHUJ\��HPSOR\HHV��DQG�YROXQWHHUV��PLQLVWHULQJ�WR�PLQRUV�DQG�YXOQHUDEOH�DGXOWV�LQ�WKH�$UFKGLRFHVH�DUH�UHTXLUHG�DQG�DVNHG�WR�UHJLVWHU�LQ�WKH�QHZ�V\VWHP�$6$3� �7KLV�LQFOXGHV�WKRVH�QHZ�WR�VHUYLFH�DQG�WKRVH�ZKR�DUH�FXUUHQWO\�LQ�VHUYLFH� �)RU�WKRVH�ZKR�KDYH�DOUHDG\�DWWHQGHG�D�3URWHFWLQJ�*RG¶V�&KLOGUHQ�ZRUNVKRS��\RXU�SUHYLRXV�WUDLQLQJ�GDWH�ZLOO�WUDQVIHU�WR�WKLV�QHZ�V\VWHP� �+RZHYHU��LQ�DGGLWLRQ�WR�DWWHQGLQJ�D�OLYH�3URWHFWLQJ�*RG¶V�&KLOGUHQ�ZRUNVKRS��DOO�FOHUJ\��YROXQWHHUV��DQG�HPSOR\HHV�ZLOO�UHJLVWHU�IRU�DQ�XSGDWHG�EDFNJURXQG�VFUHHQLQJ��YLHZ�WZR�QHZ�RQOLQH�WUDLQLQJ�PRGXOHV�RQ�DEXVH�UHSRUWLQJ�DQG�WKH�&RGH�RI�(WKLFDO�&RQGXFW��DQG�DJUHH�WR�WKH�XSGDWHG�&RGH�RI�(WKLFDO�&RQGXFW� �3OHDVH�UHDG�DOO�LQVWUXFWLRQV�EHIRUH�EHJLQQLQJ���3OHDVH�DOORZ�DERXW���KRXU�RI�\RXU�WLPH�WR�FRPSOHWH�$//�PRGXOHV����<RX�PD\�ORJ�LQ�DQG�RXW�DW�\RXU�FRQYHQLHQFH��LI�GHVLUHG���� 3OHDVH�JR�WR��ZZZ�SUHYHQWDQGSURWHFWVWO�RUJ WR�UHJLVWHU���(QWHU�WKH�SDVV�FRGH��VWOSURWHFW��ZKHQ�SURPSWHG���&RQWDFW�\RXU�SDULVK�&KLOG�6DIHW\�&RRUGLQDWRU��-DQ�6FKURHGHU�����-���-������RU�VFKURHGHUM#TDVVWO�RUJ��ZLWK�DQ\�TXHVWLRQV�RU�IRU�IXUWKHU�DVVLVWDQFH�
365�5ൾංඌඍඋൺඍංඈඇ 5HJLVWUDWLRQ�LV�QRZ�RSHQ�IRU�WKH�����-�����365�6FKRRO�<HDU��3OHDVH�FRQWDFW�$QQ�%HQGHU�DW����������������������������� ��� �� � �����
������������������������������EHQGHUD#TDVVWO�RUJ�
$ർඍඌ� 'HEELH�%DUURQ $FWLYLWLHV�$VVRFLDWLRQ &KDG�/RXLV $GXOW�)DLWK�)RUPDWLRQ )U��3KLOLSS $OWDU�6HUYHUV )U��3KLOLSS %R\�6FRXWV %RE�6FKDSHU &DQFHU�6XSSRUW�*URXS &DWK\�'RQ]H &DQWRU�0LQLVWU\ &KULV�'XQQ &DUGV�DW�4XHHQ �-DFNLH�$SSHO &HOHEUDWLRQ�6LQJHUV 7RP�6KHUZRRG &KLOG�6DIHW\�&RRUGLQDWRU��� -DQ�6FKURHGHU &KLOGUHQ¶V�&KRLU�6HUDSKLP�6LQJHUV .ULVWH�/XGZLJ &KULVWLDQ�,QLWLDWLRQ�RI�$GXOWV )U��3KLOLSS &XE�6FRXWV %HQ�6SLUN (XFKDULVWLF�$GRUDWLRQ������������������������������������������������7RQL�'HDQ ([WUDRUGLQDU\�0LQLVWHUV�RI�+RO\�&RPPXQLRQ
'HDFRQ�5LFK�6FKHOOKDVH )LQDQFH�&RXQFLO .HQ�9RQGHU+DDU *LUO�6FRXWV -HVVLFD�6KLSS +HDOWK�0LQLVWU\ 6DUDK�'DOWRQ +RO\�&RPPXQLRQ�IRU�WKH�+RPHERXQG )U��+DPEURXJK +RPH��6FKRRO $P\�%XVK -RQDK�3UD\HU�7HDP�0LQLVWU\ 'DUOHQH�)ORUHN .QLJKWV�RI�&ROXPEXV &KULV�1HOPV
/DQGVFDSLQJ $O�1DGROQ\ /HFWRUV 1DQF\�*URJDQ /LIH�$IWHU�/RVV &DURO�6XVDQND /LWXUJ\�&RPPLWWHH 'HDFRQ�-RH�:LQJEHUPXHKOH 0DUWKDV -HDQQLQH�6LQDN 0LQLVWHUV�RI�+RVSLWDOLW\ 'HEELH�0LOODZD\ 3DULVK�&RXQFLO 6FRWW�*XUOH\ 3DULVK�3LFQLF 7RGG�6FKPLGW��0LNH�6FKPLGW��-HQQ\�6FKPLGW 3DULVK�6FKRRO�RI�5HOLJLRQ $QQ�%HQGHU 3UD\HU�/LQH 'HEELH�3OHLPDQQ 4$6�6FKRRO *D\OH�0LOOEXUJ 5LVLQJ�$ERYH�<RXQJ-ZLGRZHG�6RUURZ &DURO�6XVDQND 5HVSHFW�/LIH�$SRVWRODWH -HDQQLQH�6LQDN 6FKRRO�%RDUG 0LNH�6HSSL 6HQLRU�+HDOWK�0LQLVWU\�������������������������������������������6DUDK�'DOWRQ 6SLULW�6LQJHUV /DUU\�3OHLPDQQ 6DLQW�9LQFHQW�GH�3DXO�6RFLHW\ 7RP�.QHVH 7UDGLWLRQDO�&KRLU &KULV�'XQQ 9DULHW\�*XLOG (OL]DEHWK�.QHFKW 9RFDWLRQV�&RPPLWWHH 'HEELH�%DUURQ :HOFRPLQJ�&RPPLWWHH 3DULVK�2IILFH :LGRZHG�,Q�1HHG�*DWKHU�6RFLDOO\ 0DH�/XSR <RXWK�0LQLVWU\ 7LP�%XEDFN
3ൺඋංඌ�0ංඇංඌඍඋඒ�&ඈඇඍൺർඍඌ���-�&ඈඇඌඎඅඍ�3ൺඋංඌ�'ංඋൾർඍඈඋඒ�ൿඈඋ�3ඈඇൾ�1ඎආൻൾඋඌ
/ංඍඎඋංർൺඅ�0ංඇංඌඍൾඋඌ�-�-ඎඅඒ����-���
3UHVLGHU ([WUDRUGLQDU\�0LQLVWHU�&DSWDLQ
/HFWRUV &DQWRU 6HUYHUV����� 8VKHUV
�����S�P��� ��6DW�
)U��+DPEURXJK 5LF�$UPEUXVWHU 0LWXO�(UDUG
�����D�P� )U��3KLOLSS -HII�.XFKQR $QG\�3ROOPDQ
�����D�P� )U��+DPEURXJK *UHJ�7ROFRX 0DWW�/DXHU
������D�P� )U��3KLOLSS 6KHOLD�'HWWPDQQ 5DOSK�6WDQOH\
������S�P� )U��+DPEURXJK� <RXWK�0LQLVWU\
4ඎൾൾඇ�ඈൿ�$අඅ�6ൺංඇඍඌ�&ൺඍඈඅංർ�&ඎඋർ������������������������������������������������������������-ඎඅඒ���������
012323 Queen of All Saints Church (B) www.jspaluch.com For Ads: J.S. Paluch Co., Inc. 1-855-685-5703
Arnold Animal HospitalKevin Kohne, DVM • Teresa Feldkamp, DVM
Scott Stewart, DVMJennifer Harlin, DVM
1324 Jeffco Blvd. 296-7060
OAKVILLEHEALTH & REHABDr. Ronald V. Arconati
• Chiropractic• Massage Therapy• Acupuncture
All aches/pains/injuries
846-21005682 Telegraph Rd.
Parishioner Since 1975
Garage Doors&
Door OpenersSales - Service - Installations
Serving South County Since 1966454-0460
– FIELDER – ELECTRICAL SERVICES, INC.LICENSED • BONDED • INSURED RESIDENTIAL • COMMERCIAL • INDUSTRIAL
Service Upgrades • New Homes • Remodeling • Room Additions • Basements • KitchensBathrooms • Code Violations • Knob & Tube Upgrades • Back Up Generator Systems
$20OFF Any Electrical Work of $100 or more 314-966-3388
WINKELMANN DOORGarage Door Repairs & Installation
ROGER WINKELMANN, Owner
Family Orthodontic CareSTEPHEN G. NIKODEM, D.D.S.M.S.
4116 VON TALGE, SUITE AST. LOUIS, MO 63128
314-894-1311 FAX 894-0710
Residential - Commercial Industrial
IN BUSINESS SINCE 1976
Jerry ReinholdParishioner
314-631-1158FREE ESTIMATES
24-Hour Emergency ServiceLicensed, Bonded & Insuredwww.reinholdelectric.com
5429 Telegraph • 894-1319Mon, Tue, Thur, Fri: 9am-5pm • Wed: 9am-8pm • Sat: 10am-4pm
Rischbieter’sAutomotive Inc.
Family owned since 1941Domestic & Import Auto Repair
(314) 962-2242 Parishioner
Family Owned & Operated -30 years Most Major Brands:
Refrigerators - Stoves - Cooktops - Washer -
Dryers - Dishwashers -Garbage Disposals -
Microwaves Since 1927
Steve Korn, Owner939 Lemay Ferry Rd.St. Louis, MO 63125
314-638-0090
Altenbernd FamilyEye Care
DR. TOM ALTENBERNDPrimary Eyecare Doctor
111 Cliff Cave Road, St. Louis, MO 63129314-846-8232 www.altenberndfamilyeyecare.com
DESIGN AIRE INC.HEATING & COOLING
314-739-1600
BATH & KITCHENwww.aaaremodeling.com
PARISHIONERSince 1972
636-349-5777
RELIGIOUS GIFTS & DECOR | SCHOOL UNIFORMS | BOOKS & BIBLES STATUARY | NATIVITIES | CHURCH SUPPLIES | CANDLES
SEASONAL & SACRAMENTAL GIFTS
ST. LOUIS HILLS O’FALLON, MO
6759 Chippewa Street 2953 Hwy K(at Jamieson, across from Ted Drewes) (at Hwy N, between Dierbergs and Sears)
St. Louis, MO 63109 O’Fallon, MO 63368(314) 644-0643 (636) 379-3705
SHOP ONLINE! catholicsupply.com
Say Good-bye to Clogged Gutters!• LeafGuard®
is guaranteed never to clog or we’ll clean it for FREE*
• Seamless, one-piece system keeps out leaves, pine needles, and debris
• Eliminates the risk of falling off a ladder toclean clogged gutters
• Durable, all-weather tested system not a flimsy attachment
Call today for your FREE estimate and in-home demonstration
CALL NOW 314-549-8449 Get it. And forget it.®
*Guaranteed not to clog for as long as you own your home, or we’ll
clean your gutters for free.
Receive a $25 Lowe's Gift Card with FREE in-home estimate!
All participants who attend an estimated 60-90 minute in-home product consultation will receive a $25 gift card. Retail value is $25. Offer sponsored by LeafGuard Holdings Inc. Limit one per
household. Company procures, sells, and installs seamless gutter protection. This offer is valid for homeowners over 18 years of age. If married or involved with a life partner, both cohabitating persons must attend and complete presentation together. Participants must have a photo ID, be able to understand English, and be legally able to enter into a contract. The following persons are not eligible for this offer: employees of Company or affiliated companies or entities, their
immediate family members, previous participants in a Company in-home consultation within the past 12 months and all current and former Company customers. Gift may not be extended,
transferred, or substituted except that Company may substitute a gift of equal or greater value if it deems it necessary. Gift card will be mailed to the participant via first class United States Mail
within 21 days of receipt of the promotion form. Not valid in conjunction with any other promotion or discount of any kind. Offer not sponsored or promoted by Lowe's and is subject to
change without notice prior to reservation. Expires 3/31/20.
CALL BY 12/31 TO RECEIVE75% 50% OFF
LABOR**After 12/31/19 customer will be eligiblefor 50% off labor. Does not include cost
of material.Offer expires 3/31/20.
x
Get thisweekly bulletindelivered byemail - for FREE!
Sign up here:www.jspaluch.com/subscribe
Courtesy of J.S. Paluch Company, Inc.
If You Live Alone You Need MDMedAlert!24 Hour Protection at HOME and AWAY!
✔Ambulance✔Police ✔Fire✔Friends/Family
CALLNOW!
FREE ShippingFREE ActivationNO Long Term Contracts
Solutions as Low as $19.95 a month
This Button SAVES Lives!As Shown GPS,
Lowest Price Guaranteed!
GPS Tracking w/Fall DetectionNationwide, No Land Line Needed
EASY Set-up, NO Contract24/7 365 Monitoring in the USA
800.809.3352MDMedAlertSafe-Guarding America’s Seniors Nationwide!
Please support the advertisers in your bulletin,and thank them for their continued support.
They make your bulletin possible.
012323 Queen of All Saints Church (A) www.jspaluch.com For Ads: J.S. Paluch Co., Inc. 1-855-685-5703
Crabapple Cove
Nursery, Inc.“For all of your landscape needs”
6961 Telegraph 846-4021
DAN H. RATHGEBER, D.D.S.DENTIST
5637 TELEGRAPH RD.892-4445
Member St. Margaret Mary Parish
FUNERAL HOME
2906 GRAVOIS
772-3000
10151 GRAVOIS
842-4458
5255 LEMAY FERRY
894-4500
Furnaces - Electronic Air CleanersAir Conditioning - Humidifiers
Rathgeber Heating Co.6746 Wynfield Terrace Drive, St Louis, MO 63129
PHONE 846-4801RICK RATHGEBER, Mbr. SMM Parish
Chet E. Welker, D.D.S.Ashley V. Welker, D.D.S.
Meal PreparationLight HousekeepingShopping/Errands
CompanionshipUp to 24 Hour Care
Alzheimer & Dementia Care(314) 842-5589
www.VisitingAngels.com/StlSouthBob Tomek, Owner
Queen of All Saints ParishionerBonded & Insured
Call us for your Free In-Home Assessment
W.C. SULLENTROP & SONS INC.House of Appliance Service
315 Oak St., Kimmswick
636-467-7600Full Line of Appliance Parts
Gapsch Carstar Collision Center 314-894-2322
4709 Green Park Road, St. Louis, Missouri 63123
Relax, We’ll Take It From Here.®
“YOUR FRIENDLY NEIGHBORHOOD PET SUPPLY STORE”
Parishioner | 5531 OAKVILLE SHOPPING CENTER | 314-939-1560
314.843.5553 | www.bankheadandfirthortho.com
• Oakville• Sunset Hills• Eureka
Dr. Laura M. BuckChiropractic Physician
4582 Telegraph Road
314-892-3602southcountychiropractic.com
SUNDAY BRUNCH9:00-1:00
Buffet $13.99Prime Rib • Build Your Omelette
Drink Specials • Biscuits & GravyTrash Wings
Stop by 1st Sunday of the MonthPRESENT THIS AD FOR 10% OFF
www.blarneystonestl.comfor complete menu and weekly specials
314-487-44884333 TELEGRAPH ROAD
$20 OFFTree Pruning / Removal / Fertilization
314-782-5328 | davey.com
LYMAN FURNITURE REPAIRTerry & Deanna Lyman
314.293.9874In-Home Repairs of Furniture
Local Parishioner
Tom Irwin’sCloverleaf Sports Lounge
www.cloverleafsportslounge.com
19 Big Screen TVs, Great Food (Full Menu)
Local Atmosphere, Nightly Specials
Open Everyday at 11AM
6070 Telegraph Rd. 314.293.1815
Greencare ServicesLawn and Landscape
314.416.0244
Joe Wetzel, Realtor®cell: 314.565.9511
office: 866.224.1761 ext. [email protected]
www.josephwetzel.com
Proud Member of St. Louis Sluggers
Download Our Free App or Visit
MY.ONEPARISH.COM
Grow in your faith,find a Mass, and
connect with yourCatholic Community
with OneParish!
EARN MONEY!DO GOOD! MAKE A
POSITIVE IMPACT!
DO YOU HAVE SALES EXPERIENCE? ARE YOU WELLNETWORKED IN THE LOCAL COMMUNITY?
J.S. PALUCH COMPANYNATIONAL PUBLISHER OF CHURCH BULLETINS
• Full Time Positions Available with Excellent Earning Potential!• Medical Benefits, 401K, Life & AD&D Insurance Available• Excellent Commission Compensation ProgramInterested? Call Kay Leane 1.800.621.5197 x2823or Email Resume to [email protected]
www.jspaluch.com
$29.95/Mo. billed quarterly
• One Free Month• No Long-Term Contract• Price Guarantee• Easy Self Installation
Call Today! Toll Free 1.877.801.8608
Medical Alert System
The Most CompleteOnline National
Directory ofCatholic ParishesCheck It Out Today!
Catholic Cruises and Tours and The Apostleshipof the Sea of the United States of America
Take your FAITH ON A JOURNEY.Call us today at 860-399-1785 or [email protected]
www.CatholicCruisesandTours.com
(CST
211
7990
-70)
Thank you for advertising inour church bulletin.
I am patronizing your businessbecause of it!
Please Cut Out This “Thank You Ad”and Present It The Next Time YouPatronize One of Our Advertisers
✂
Consider RememberingYour Parish in Your Will.
For further information, please call the Parish Office.
Yourad
couldbe in this
space!