5(&200(1'(' )25 )8//7(;7 38%/,&$7,21 3XUVXDQW WR 6L[WK &LUFXLW 5XOH (/(&7521,& &,7$7,21 )(' $SS 3 WK &LU )LOH 1DPH DS
81,7('67$7(6&28572)$33($/6 )257+(6,;7+&,5&8,7 BBBBBBBBBBBBBBBBB
s(520( .,1* ; 3HWLWLRQHU 1R Y ! s(5,&2/ 0,1,1* ,1& ',5(&725 2)),&( 2) :25.(56j &203(16$7,21 352*5$06 81,7(' 67$7(6 '(3$570(17 2) /$%25 5HVSRQGHQWV 1 2Q$SSHDOIURPDQ2UGHURI WKH%HQHILWV5HYLHZ%RDUG 1R %/$ $UJXHG 1RYHPEHU 'HFLGHGDQG)LOHG $SULO %HIRUH 5<$1DQG1255,6&LUFXLWsXGJHV ('*$5 'LVWULFWsXGJH
7KH +RQRUDEOH 5 $OODQ (GJDU &KLHI 8QLWHG 6WDWHV 'LVWULFW sXGJH IRU WKH (DVWHUQ 'LVWULFW RI 7HQQHVVHH VLWWLQJ E\ GHVLJQDWLRQ
.LQJYsHULFRO0LQLQJ,QFHWDO 1R
BBBBBBBBBBBBBBBBB &2816(/ $5*8(' .HQQHWK 6 6WHSS ,QYHUQHVV )ORULGD IRU 3HWLWLRQHU5RQDOG(*LOEHUWVRQ%(//%2<' //2<' :DVKLQJWRQ '& +HOHQ &R[ 86 '(3$570(17 2) /$%252)),&(2)7+(62/,&,725:DVKLQJWRQ'& IRU5HVSRQGHQWV21%5,() .HQQHWK66WHSS,QYHUQHVV )ORULGDIRU3HWLWLRQHU5RQDOG(*LOEHUWVRQ%(//%2<' //2<' :DVKLQJWRQ '& &KULVWLDQ 3 %DUEHU +HOHQ &R[86'(3$570(172)/$%252)),&(2)7+( 62/,&,725:DVKLQJWRQ'&IRU5HVSRQGHQWV BBBBBBBBBBBBBBBBB 23,1,21 BBBBBBBBBBBBBBBBB 1255,6&LUFXLWsXGJH3HWLWLRQHU&ODLPDQWsHURPH.LQJ VHHNV RXU UHYLHZ RI D GHFLVLRQ E\ WKH 8QLWHG 6WDWHV 'HSDUWPHQW RI /DERU %HQHILWV 5HYLHZ %RDUG m%RDUGl DIILUPLQJDGHQLDORIKLVFODLPIRUEHQHILWVXQGHUWKH%ODFN /XQJ %HQHILWV $FW 86& WKH m$FWl $PRQJRWKHUDUJXPHQWV.LQJDVVHUWVWKDW5HVSRQGHQWsHULFRO 0LQLQJ,QF msHULFROl ZDVDVDQHPSOR\HUSUHFOXGHGIURP VHHNLQJPRGLILFDWLRQRIDQHDUOLHUDZDUGRIEHQHILWVWR.LQJ :HDIILUPWKH%RDUGIRUWKHUHDVRQVVHWIRUWKLQLWVRSLQLRQ DQGZULWHRQO\WRFODULI\WKDWWKH%ODFN/XQJ%HQHILWV$FWjV SURYLVLRQIRUPRGLILFDWLRQSURFHHGLQJVLVDEURDGUHRSHQLQJ SURYLVLRQWKDWDSSOLHVWRHPSOR\HUDQGHPSOR\HHDOLNH , .LQJZRUNHGDVDFRDOPLQHUIRUIRXUWHHQ\HDUV$FFRUGLQJ WR.LQJEUHDWKLQJSUREOHPVOHGKLPWRDVVXPHOLJKWHUGXWLHV EHIRUHKHXOWLPDWHO\FHDVHGKLVHPSOR\PHQWDVDPLQHULQWKH HDUO\ V,Q .LQJILOHGKLVILUVWRIWKUHHFODLPVIRU EODFNOXQJEHQHILWVZLWKWKH'HSDUWPHQWRI/DERU m'2/l XQGHUWKH$FW+HILOHGKLVVHFRQGFODLPLQ 7KHILUVW WZR FODLPV ZHUH GHQLHG LQ DQG UHVSHFWLYHO\ .LQJYsHULFRO0LQLQJ,QFHWDO 1R 1R .LQJYsHULFRO0LQLQJ,QFHWDO
,9 EHFDXVH .LQJ IDLOHG WR SURYH KH KDG SQHXPRFRQLRVLV FRPPRQO\UHIHUUHGWRDVEODFNOXQJGLVHDVH.LQJjVWKLUG 7KH %RDUGjV GHFLVLRQ XSKROGLQJ WKH $/sjV GHQLDO RI DSSOLFDWLRQIRUEHQHILWVGDWHG'HFHPEHU JDYHULVH EHQHILWVLV$)),50(' WRWKLVDSSHDO $Q $GPLQLVWUDWLYH /DZ sXGJH m$/sl DZDUGHG .LQJ EHQHILWVDGHFLVLRQWKDWWKH%RDUGDIILUPHG6XEVHTXHQWO\ .LQJjVIRUPHUHPSOR\HUsHULFROILOHGDPRGLILFDWLRQSHWLWLRQ ZLWK WKH GLVWULFW GLUHFWRU ZKLFK XOWLPDWHO\ OHG WR DQRWKHU KHDULQJEHIRUHDGLIIHUHQW$/sZKRGHQLHGEHQHILWV.LQJ DSSHDOHGWRWKH%RDUGZKLFKDIILUPHGWKHGHQLDO+HQRZ DVNVWKLV&RXUWWRUHLQVWDWHWKHSUHYLRXVDZDUGRIEHQHILWVRU UHPDQG WKH PDWWHU IRU IXUWKHU SURFHHGLQJV .LQJ KDV VWHDGIDVWO\ PDLQWDLQHG WKDW sHULFRO DV DQ HPSOR\HU LV QRW HQWLWOHG WR XWLOL]H WKH PRGLILFDWLRQ SURFHGXUH VHW RXW LQ 86& ,, :H DSSO\ D QDUURZ VFRSH RI UHYLHZ WR GHFLVLRQV RI WKH %RDUG6HH'LUHFWRU2:&3Y4XDUWR0LQLQJ&R )G WK &LU m>:@H PXVW DIILUP WKH %RDUGjV GHFLVLRQLIWKH%RDUGKDVQRWFRPPLWWHGDQ\OHJDOHUURUVRU H[FHHGHGLWVVWDWXWRU\VFRSHRIUHYLHZRIWKHDGPLQLVWUDWLYH
%4 TXDOLI\ IRU EODFN OXQJ EHQHILWV D FODLPDQW PXVW VKRZ WKDW KH KDV SQHXPRFRQLRVLV KLV FRDO PLQH ZRUN DW OHDVW SDUWLDOO\ FDXVHG WKH GLVHDVH DQG WKH GLVHDVH FDXVHG WRWDO GLVDELOLW\ 6HH &)5
7KH GLVWULFW GLUHFWRU LV WKH '2/jV LQLWLDO DGMXGLFDWLRQ RIILFHU ZKR SURFHVVHV DOO FODLPV DQG PDNHV D SUHOLPLQDU\ GHWHUPLQDWLRQ RQ WKH FODLPDQWjV HOLJLELOLW\ IRU EHQHILWV 7KH WHUP mGLVWULFW GLUHFWRUl KDV UHSODFHG WKH WHUP mGHSXW\ FRPPLVVLRQHUl WKH ODWWHU WHUP DSSHDULQJ LQ FHUWDLQ /RQJVKRUH DQG +DUERU :RUNHUVj &RPSHQVDWLRQ $FW SURYLVLRQV WKDW EODFN OXQJ UHJXODWLRQV LQFRUSRUDWH 6HH &)5 D 5REELQV Y &\SUXV &XPEHUODQG &RDO &R )G Q WK &LU
7KH $FW LQFRUSRUDWHV 86& 6HFWLRQ RI WKH /RQJVKRUH DQG +DUERU :RUNHUVj &RPSHQVDWLRQ $FW SXUVXDQW WR 86& DQG &)5 .LQJYsHULFRO0LQLQJ,QFHWDO 1R 1R .LQJYsHULFRO0LQLQJ,QFHWDO
ODZMXGJHjVIDFWXDOGHWHUPLQDWLRQVl,Gm:KHQWKHTXHVWLRQ 86& HPSKDVLV DGGHG DV LQFRUSRUDWHG E\ LVZKHWKHUWKH$/sUHDFKHGWKHFRUUHFWUHVXOWDIWHUZHLJKLQJ 86& D DVLPSOHPHQWHGE\&)5 FRQIOLFWLQJ PHGLFDO HYLGHQFH µRXU VFRSH RI UHYLHZ LV 7KH 6XSUHPH &RXUW KDV FRQVWUXHG WKLV SURYLVLRQ EURDGO\ H[FHHGLQJO\QDUURZ$EVHQWDQHUURURIODZILQGLQJVRIIDFWV m7KHSODLQLPSRUWRI>
Free access — add to your briefcase to read the full text and ask questions with AI
5(&200(1'(' )25 )8//7(;7 38%/,&$7,21 3XUVXDQW WR 6L[WK &LUFXLW 5XOH (/(&7521,& &,7$7,21 )(' $SS 3 WK &LU )LOH 1DPH DS
81,7('67$7(6&28572)$33($/6 )257+(6,;7+&,5&8,7 BBBBBBBBBBBBBBBBB
s(520( .,1* ; 3HWLWLRQHU 1R Y ! s(5,&2/ 0,1,1* ,1& ',5(&725 2)),&( 2) :25.(56j &203(16$7,21 352*5$06 81,7(' 67$7(6 '(3$570(17 2) /$%25 5HVSRQGHQWV 1 2Q$SSHDOIURPDQ2UGHURI WKH%HQHILWV5HYLHZ%RDUG 1R %/$ $UJXHG 1RYHPEHU 'HFLGHGDQG)LOHG $SULO %HIRUH 5<$1DQG1255,6&LUFXLWsXGJHV ('*$5 'LVWULFWsXGJH
7KH +RQRUDEOH 5 $OODQ (GJDU &KLHI 8QLWHG 6WDWHV 'LVWULFW sXGJH IRU WKH (DVWHUQ 'LVWULFW RI 7HQQHVVHH VLWWLQJ E\ GHVLJQDWLRQ
.LQJYsHULFRO0LQLQJ,QFHWDO 1R
BBBBBBBBBBBBBBBBB &2816(/ $5*8(' .HQQHWK 6 6WHSS ,QYHUQHVV )ORULGD IRU 3HWLWLRQHU5RQDOG(*LOEHUWVRQ%(//%2<' //2<' :DVKLQJWRQ '& +HOHQ &R[ 86 '(3$570(17 2) /$%252)),&(2)7+(62/,&,725:DVKLQJWRQ'& IRU5HVSRQGHQWV21%5,() .HQQHWK66WHSS,QYHUQHVV )ORULGDIRU3HWLWLRQHU5RQDOG(*LOEHUWVRQ%(//%2<' //2<' :DVKLQJWRQ '& &KULVWLDQ 3 %DUEHU +HOHQ &R[86'(3$570(172)/$%252)),&(2)7+( 62/,&,725:DVKLQJWRQ'&IRU5HVSRQGHQWV BBBBBBBBBBBBBBBBB 23,1,21 BBBBBBBBBBBBBBBBB 1255,6&LUFXLWsXGJH3HWLWLRQHU&ODLPDQWsHURPH.LQJ VHHNV RXU UHYLHZ RI D GHFLVLRQ E\ WKH 8QLWHG 6WDWHV 'HSDUWPHQW RI /DERU %HQHILWV 5HYLHZ %RDUG m%RDUGl DIILUPLQJDGHQLDORIKLVFODLPIRUEHQHILWVXQGHUWKH%ODFN /XQJ %HQHILWV $FW 86& WKH m$FWl $PRQJRWKHUDUJXPHQWV.LQJDVVHUWVWKDW5HVSRQGHQWsHULFRO 0LQLQJ,QF msHULFROl ZDVDVDQHPSOR\HUSUHFOXGHGIURP VHHNLQJPRGLILFDWLRQRIDQHDUOLHUDZDUGRIEHQHILWVWR.LQJ :HDIILUPWKH%RDUGIRUWKHUHDVRQVVHWIRUWKLQLWVRSLQLRQ DQGZULWHRQO\WRFODULI\WKDWWKH%ODFN/XQJ%HQHILWV$FWjV SURYLVLRQIRUPRGLILFDWLRQSURFHHGLQJVLVDEURDGUHRSHQLQJ SURYLVLRQWKDWDSSOLHVWRHPSOR\HUDQGHPSOR\HHDOLNH , .LQJZRUNHGDVDFRDOPLQHUIRUIRXUWHHQ\HDUV$FFRUGLQJ WR.LQJEUHDWKLQJSUREOHPVOHGKLPWRDVVXPHOLJKWHUGXWLHV EHIRUHKHXOWLPDWHO\FHDVHGKLVHPSOR\PHQWDVDPLQHULQWKH HDUO\ V,Q .LQJILOHGKLVILUVWRIWKUHHFODLPVIRU EODFNOXQJEHQHILWVZLWKWKH'HSDUWPHQWRI/DERU m'2/l XQGHUWKH$FW+HILOHGKLVVHFRQGFODLPLQ 7KHILUVW WZR FODLPV ZHUH GHQLHG LQ DQG UHVSHFWLYHO\ .LQJYsHULFRO0LQLQJ,QFHWDO 1R 1R .LQJYsHULFRO0LQLQJ,QFHWDO
,9 EHFDXVH .LQJ IDLOHG WR SURYH KH KDG SQHXPRFRQLRVLV FRPPRQO\UHIHUUHGWRDVEODFNOXQJGLVHDVH.LQJjVWKLUG 7KH %RDUGjV GHFLVLRQ XSKROGLQJ WKH $/sjV GHQLDO RI DSSOLFDWLRQIRUEHQHILWVGDWHG'HFHPEHU JDYHULVH EHQHILWVLV$)),50(' WRWKLVDSSHDO $Q $GPLQLVWUDWLYH /DZ sXGJH m$/sl DZDUGHG .LQJ EHQHILWVDGHFLVLRQWKDWWKH%RDUGDIILUPHG6XEVHTXHQWO\ .LQJjVIRUPHUHPSOR\HUsHULFROILOHGDPRGLILFDWLRQSHWLWLRQ ZLWK WKH GLVWULFW GLUHFWRU ZKLFK XOWLPDWHO\ OHG WR DQRWKHU KHDULQJEHIRUHDGLIIHUHQW$/sZKRGHQLHGEHQHILWV.LQJ DSSHDOHGWRWKH%RDUGZKLFKDIILUPHGWKHGHQLDO+HQRZ DVNVWKLV&RXUWWRUHLQVWDWHWKHSUHYLRXVDZDUGRIEHQHILWVRU UHPDQG WKH PDWWHU IRU IXUWKHU SURFHHGLQJV .LQJ KDV VWHDGIDVWO\ PDLQWDLQHG WKDW sHULFRO DV DQ HPSOR\HU LV QRW HQWLWOHG WR XWLOL]H WKH PRGLILFDWLRQ SURFHGXUH VHW RXW LQ 86& ,, :H DSSO\ D QDUURZ VFRSH RI UHYLHZ WR GHFLVLRQV RI WKH %RDUG6HH'LUHFWRU2:&3Y4XDUWR0LQLQJ&R )G WK &LU m>:@H PXVW DIILUP WKH %RDUGjV GHFLVLRQLIWKH%RDUGKDVQRWFRPPLWWHGDQ\OHJDOHUURUVRU H[FHHGHGLWVVWDWXWRU\VFRSHRIUHYLHZRIWKHDGPLQLVWUDWLYH
%4 TXDOLI\ IRU EODFN OXQJ EHQHILWV D FODLPDQW PXVW VKRZ WKDW KH KDV SQHXPRFRQLRVLV KLV FRDO PLQH ZRUN DW OHDVW SDUWLDOO\ FDXVHG WKH GLVHDVH DQG WKH GLVHDVH FDXVHG WRWDO GLVDELOLW\ 6HH &)5
7KH GLVWULFW GLUHFWRU LV WKH '2/jV LQLWLDO DGMXGLFDWLRQ RIILFHU ZKR SURFHVVHV DOO FODLPV DQG PDNHV D SUHOLPLQDU\ GHWHUPLQDWLRQ RQ WKH FODLPDQWjV HOLJLELOLW\ IRU EHQHILWV 7KH WHUP mGLVWULFW GLUHFWRUl KDV UHSODFHG WKH WHUP mGHSXW\ FRPPLVVLRQHUl WKH ODWWHU WHUP DSSHDULQJ LQ FHUWDLQ /RQJVKRUH DQG +DUERU :RUNHUVj &RPSHQVDWLRQ $FW SURYLVLRQV WKDW EODFN OXQJ UHJXODWLRQV LQFRUSRUDWH 6HH &)5 D 5REELQV Y &\SUXV &XPEHUODQG &RDO &R )G Q WK &LU
7KH $FW LQFRUSRUDWHV 86& 6HFWLRQ RI WKH /RQJVKRUH DQG +DUERU :RUNHUVj &RPSHQVDWLRQ $FW SXUVXDQW WR 86& DQG &)5 .LQJYsHULFRO0LQLQJ,QFHWDO 1R 1R .LQJYsHULFRO0LQLQJ,QFHWDO
ODZMXGJHjVIDFWXDOGHWHUPLQDWLRQVl,Gm:KHQWKHTXHVWLRQ 86& HPSKDVLV DGGHG DV LQFRUSRUDWHG E\ LVZKHWKHUWKH$/sUHDFKHGWKHFRUUHFWUHVXOWDIWHUZHLJKLQJ 86& D DVLPSOHPHQWHGE\&)5 FRQIOLFWLQJ PHGLFDO HYLGHQFH µRXU VFRSH RI UHYLHZ LV 7KH 6XSUHPH &RXUW KDV FRQVWUXHG WKLV SURYLVLRQ EURDGO\ H[FHHGLQJO\QDUURZ$EVHQWDQHUURURIODZILQGLQJVRIIDFWV m7KHSODLQLPSRUWRI>WKHPRGLILFDWLRQVWDWXWH@ZDVWRYHVWD DQG FRQFOXVLRQV IORZLQJ WKHUHIURP PXVW EH DIILUPHG LI GHSXW\ FRPPLVVLRQHU ZLWK EURDG GLVFUHWLRQ WR FRUUHFW VXSSRUWHGE\VXEVWDQWLDOHYLGHQFHjl&RQVROLGDWLRQ&RDO&R PLVWDNHV RI IDFW ZKHWKHU GHPRQVWUDWHG E\ ZKROO\ QHZ Y:RUUHOO)G WK&LU TXRWLQJ5LOH\ HYLGHQFHFXPXODWLYHHYLGHQFHRUPHUHO\IXUWKHUUHIOHFWLRQRQ Y1DWLRQDO0LQHV&RUS)G WK&LU WKH HYLGHQFH LQLWLDOO\ VXEPLWWHGl 2j.HHIIH Y $HURMHW 6XEVWDQWLDO HYLGHQFH LV mVXFK UHOHYDQW HYLGHQFH DV D *HQHUDO 6KLS\DUGV ,QF 86 SHU UHDVRQDEOH PLQG PLJKW DFFHSW DV DGHTXDWH WR VXSSRUW D FXULDP TXRWHG LQsHVVHHY'LUHFWRU2:&3)G FRQFOXVLRQl 5LFKDUGVRQ Y 3HUDOHV 86 WK &LU GHVFULELQJ WKH 6XSUHPH &RXUWjV TXRWLQJ&RQVROLGDWHG(GLVRQ&RY1/5%86 FRQVWUXFWLRQ RI WKH PRGLILFDWLRQ SURYLVLRQ DV JUDQWLQJ DXWKRULW\ WR WKH GHSXW\ FRPPLVVLRQHU mLQ DOPRVW OLPLWOHVV WHUPVl ,W LV DSSDUHQW WR XV WKDW E\ LWV SODLQ ODQJXDJH $VPHQWLRQHGDERYH.LQJDVVHUWVWKDWDQHPSOR\HUFDQQRW 86& LV D EURDG UHRSHQLQJ SURYLVLRQ WKDW LV SXUVXHPRGLILFDWLRQRQFHWKH%RDUGKDVDIILUPHGDQ$/sjV DYDLODEOHWRHPSOR\HUVDQGHPSOR\HHVDOLNH1RWKLQJLQWKH GHFLVLRQWRDZDUGEHQHILWV VWDWXWH RU WKH LPSOHPHQWLQJ UHJXODWLRQ VXSSRUWV .LQJjV VXJJHVWLRQ WKDW PRGLILFDWLRQ LV DQ mLUUHJXODU SURFHGXUHl 7KHVWDWXWRU\DXWKRULW\IRUPRGLILFDWLRQRIDZDUGVRIEODFN XQDYDLODEOHWRHPSOR\HUVWKDWGRQRWIROORZmUHJXODUDSSHDO OXQJEHQHILWVLVEDVHGXSRQVHFWLRQRIWKH/RQJVKRUHDQG SURFHGXUHVl +DUERU:RUNHUVj&RPSHQVDWLRQ$FW ,,, 8SRQKLVRZQLQLWLDWLYHRUXSRQWKHDSSOLFDWLRQRIDQ\ SDUW\LQLQWHUHVW LQFOXGLQJDQHPSOR\HURUFDUULHUZKLFK 7XUQLQJWRWKHPHULWVRI.LQJj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sDQXDU\ ZKLOH WKLV DSSHDO ZDV SHQGLQJ 2XU
FRQWLQXH UHLQVWDWH LQFUHDVH RU GHFUHDVH VXFK DQDO\VLV LV SUHPLVHG RQ DV LW ZDV ZULWWHQ DW WKH WLPH RI RUDO DUJXPHQW 1HYHUWKHOHVV RXU UHYLHZ RI DV DPHQGHG OHDGV XV FRPSHQVDWLRQRUDZDUGFRPSHQVDWLRQ6XFKQHZRUGHU WR EHOLHYH WKDW WKH UHFHQW DPHQGPHQWV ZRXOG QRW DIIHFW WKH RXWFRPH RI VKDOOQRWDIIHFWDQ\FRPSHQVDWLRQSUHYLRXVO\SDLG WKLV DSSHDO 0RUHRYHU WKH SDUWLHV GR QRW VXJJHVW RWKHUZLVH KDYLQJ FKRVHQ QRW WR VXSSOHPHQW WKHLU EULHIV