Rowland Hall Head of School Position Statement...American University Arizona State University Babson...

Preview:

Citation preview

!"#$%&'()%$$

*%$+($%,-(./+01(2+%))-%'("3(*.)""$

*+%!+('%+-4(52$0(61(7878###9!"#$%&')%$$9"!:

";-!;/-#

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

!"#$%&$'()#%*(+,-%.%/'(0$12%&'03+$%4%566+)7'8$6 6$'()#9)'(0$16'03+$:)+;%.%<<<:)'(0$16'03+$:)+;

=7667+0!"#$%&'()%$$(3&/4370/(/,2'0&,/(,"($0%'(0,-31%$(%&'(47"'21,3@0($3@0/(,-7"29-(%(1"$$090(4704%7%,"75(47"97%;(,-%,(47";",0/(,-0(427/23,("6(%1%'0;31(%&'(407/"&%$(0810$$0&10?

>'68%>')86L0%7(0/,%A$3/-0'M(ENOPI",%$(0&7"$$;0&,M(<=>C,2'0&,Q,0%1-07(7%,3"M(EHMER@07%90(1$%//(/3J0M(E>D%12$,5(#3,-(%'@%&10'('09700/M(ONST2;A07("6(6%12$,5M(EHHU0710&,("6(/,2'0&,/("6(1"$"7M(F=SU0710&,("6(/,2'0&,/(70103@3&9(%3'M(FFSV&'"#;0&,M(WEF?>(;3$$3"&(

&)#++?%@'?,$6I-3&B('004$5?X3@0(#3,-(4274"/0?Y0$1";0(0@075"&0?X0%7&(6"7($360?!0$%,3"&/-34/(;%,,07?

A"#$%&$'()#%*(+,-%.%/'(0$12%&'03+$%4%566+)7'8$6 6$'()#9)'(0$16'03+$:)+;%.%<<<:)'(0$16'03+$:)+;

+)-(*.)""$

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̂ &(4%7,312$%7*(,-0(/1-""$./(;"/,(7010&,(/,7%,0931(4$%&([FHE=:FHFH\(-%/(6"12/0'("&(,-700(;%_"7(9"%$/(,"(/2/,%3&(%&'(/,70&9,-0&(,-0(/1-""$./(4"/3,3"&M(0&-%&10(,-0(/,2'0&,($0%7&3&9(0840730&10`(47"@3'0(%&(08104,3"&%$(;%,-(%&'(/130&10(47"97%;`(%&'('0@0$"4(,-0(0&7"$$;0&,(%&'(A2/3&0//(;"'0$(,-%,(#3$$(0&/270(,-0(/1-""$./(1"&,3&20'(/2110//(%&'(0810$$0&10?(Y-3$0( 4704%73&9( /,2'0&,/( 6"7( 1"$$090*( !"#$%&'( )%$$( -%/( 0@"$@0'( 3,/( 1277312$2;( %7"2&'( ,-0( A7%3&:/130&10(70/0%71-(,-%,(42,/(%(470;32;("&(-0$43&9(/,2'0&,/(A23$'($0%7&3&9(%&'($360(/B3$$/?(I-0(/1-""$(0;A7%10/(%&'(10$0A7%,0/('3@07/3,5("6(40"4$0(%&'(,-"29-,*(%&'(-%/(473"73,3J0'(170%,3&9(%&(3&1$2/3@0($0%7&3&9(0&@37"&;0&,(6"7(%$$(/,2'0&,/(%&'(%'2$,/?(

C39&%,270(!"#$%&'()%$$(47"97%;/(3&1$2'0(1-0//(%&'('0A%,0*(%(4$0,-"7%("6(1$%//(,734/(%&'(3&,073;(1"27/0/*(%&("&9"3&9(6"12/("&(0,-31%$(0'21%,3"&*(%&'(%(1";;3,;0&,(,"(#73,3&9(%17"//(,-0(1277312$2;?(C3&10(E<NF*(!"#$%&'()%$$(-%/(%$/"(72&(!"#;%7B(CB3(R1%'0;5*(#-31-("6607/(0$3,0(1";40,3,3@0(%$43&0(/B307/( A",-( %&( 0810$$0&,( -39-( /1-""$( 0'21%,3"&( %&'( %( 50%7:7"2&'( ,7%3&3&9( %&'( 7%13&9( 47"97%;?(a7%'2%,0/(-%@0(9"&0("&(,"(1";40,0(3&(,-0(Y3&,07(b$5;431/(%&'("&(,-0(Y"7$'(c24(137123,?

>'68%>')86

B"#$%&$'()#%*(+,-%.%/'(0$12%&'03+$%4%566+)7'8$6 6$'()#9)'(0$16'03+$:)+;%.%<<<:)'(0$16'03+$:)+;

^&(FHEE*(!"#$%&'()%$$(#%/(/0$01,0'(A5(,-0(]%$"&0(D%;3$5(D"2&'%,3"&(%/(,-0("&$5(/1-""$(3&(+,%-*(%&'("&0("6(>H(&%,3"&%$$5*(,"(70103@0(%(WF(;3$$3"&(0&'"#;0&,(6"7(,-0(62&'3&9("6(0'21%,3"&%$("44"7,2&3,30/(6"7( /,2'0&,/(#-"(/-"#(0&,-2/3%/;(%&'(;",3@%,3"&( 6"7( %1%'0;31(0810$$0&10(%&'(#-"/0( 6%;3$30/('0;"&/,7%,0(63&%&13%$(&00'?(!"#$%&'()%$$( 3/( %1170'3,0'(A5( ,-0(T"7,-#0/,(R//"13%,3"&("6( ^&'040&'0&,(C1-""$/( [TYR^C\*( ,-0(T%,3"&%$(R//"13%,3"&( 6"7( ,-0(V'21%,3"&("6(L"2&9(c-3$'70&( [TRVLc\*( ,-0(T"7,-#0/,(R1170'3,%,3"&(c";;3//3"&*(%&'(,-0(+,%-(d04%7,;0&,("6(V'21%,3"&?

%.%'-</.*

D"7("@07(E>H(50%7/*(!"#$%&'()%$$(-%/("66070'(/,2'0&,/(%&(2&73@%$0'( $3A07%$(%7,/(0'21%,3"&?(I-3/(,7%'3,3"&(1"&,3&20/(3&(,"'%5./(/1-""$?(V%1-("6(,-0(/1-""$./(6"27('3@3/3"&/(6"12/0/("&(,-0(3&,0$$01,2%$(%&'('0@0$"4;0&,%$(&00'/("6( 3,/(/,2'0&,/(#-3$0(0&/273&9(,-%,(0@075(1-3$'( 3/(4704%70'(6"7( ,-0(&08,($0@0$("6(0'21%,3"&?

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

C"#$%&$'()#%*(+,-%.%/'(0$12%&'03+$%4%566+)7'8$6 6$'()#9)'(0$16'03+$:)+;%.%<<<:)'(0$16'03+$:)+;

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b@07%$$*( ,-0( +4407( C1-""$( 1277312$2;( "6607/( %( A7"%'( B&"#$0'90( A%/0( 3&( ;%,-*( /130&10*( #"7$'($%&92%90/*(V&9$3/-*(%&'(-3/,"75(e(3&1$2'3&9(R'@%&10'(U$%10;0&,*(-"&"7/*(%&'(0&9%93&9(0$01,3@0(1"27/0/?(b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c$%//7"";( 47"97%;( 3/( %( ,-700:50%7( /0K20&10( "6( 0840730&10/('0/39&0'(,"(47";",0(47"60//3"&%$*(0&,70470&0273%$*(0,-31%$*(13@31*(%&'(3&,0$$01,2%$(0&9%90;0&,(3&(,-0($"1%$(1";;2&3,5?(R&",-07( /,7"&9( 1";4"&0&,( "6( ,-0( %1%'0;31( 47"97%;( %,( !"#$%&'( )%$$( 3/( ,-0( CIV]( 1277312$2;?(Z093&&3&9(C1-""$(/,2'0&,/(084$"70(,-0(&%,27%$(#"7$'(%$$(50%7($"&9(3&(,-037(/130&10(9%7'0&(%&'(0&9%90(#3,-(;%,-(%&'(0&93&0073&9(,-7"29-(670K20&,(A$"1B(A23$'3&9?(X"#07(/1-""$07/(%44$5(,-037(B&"#$0'90(

D"#$%&$'()#%*(+,-%.%/'(0$12%&'03+$%4%566+)7'8$6 6$'()#9)'(0$16'03+$:)+;%.%<<<:)'(0$16'03+$:)+;

%&'(/B3$$/( ,"( 3'0&,365(%&'(%''70//(70%$:#"7$'(47"A$0;/*(4%7,3134%,3&9( 3&( 630$'(/,2'30/*(47"_01,:A%/0'(/130&10(%&'(;%,-*(%&'(%&(%&&2%$(]%B07(d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

%!+*

Y-0,-07( %( /,2'0&,( 3/( _2/,( A093&&3&9( ,"( 084$"70( -3/( "7( -07( %7,3/,31( ,%$0&,/( "7( -%/( %$70%'5( A01";0('004$5( 3&@"$@0'( 3&(%&(%7,( 6"7;*( ,-0(!"#$%&'()%$$( %7,/(47"97%;(47"@3'0/( /244"7,( %&'(%&(%77%5("6("44"7,2&3,30/?(I%29-,(A5(6%12$,5(#-"(,-0;/0$@0/(%70(47"60//3"&%$('3701,"7/*('%&107/*(@3/2%$(%7,3/,/*(;2/313%&/*(%&'(#73,07/*( ,-0(63&0(%7,/(1277312$2;(%&'(08,7%1277312$%7("66073&9/("40&('""7/( 6"7( ,-"/0(#-"(#%&,(,"('0@0$"4(1"&63'0&10(%&'(170%,3@3,5?(f3/2%$(%7,(%&'(;2/31(%70(3&,097%,0'(,-7"29-"2,(,-0(1277312$2;(67";(,-0(,3;0(%(1-3$'(0&,07/(!"#$%&'()%$$?(I-0(/1-""$("6607/(%''3,3"&%$(6"7;%$(3&/,721,3"&(%&'(,7%3&3&9(/,%7,3&9(3&(,-0(X"#07(C1-""$?(I-0(]3''$0(C1-""$(%&'(+4407(C1-""$(%7,/(47"97%;/(3&1$2'0(6"7;%$('%&10*('7%;%,31(%&'(;2/31%$(,-0%,07*(%&'(;2/31("44"7,2&3,30/(,-7"29-(,-0("71-0/,7%*(1-"7%$(97"24*(_%JJ(A%&'/*(%&'(1-%;A07(97"24/?

American UniversityArizona State UniversityBabson CollegeBarnard College Bates College Bentley UniversityBoston University Bowdoin CollegeBrandeis UniversityBrigham Young UniversityCalifornia Polytechnic State University, San Luis ObispoChamplain CollegeChapman UniversityClaremont McKenna College Colby-Sawyer CollegeColgate UniversityColorado CollegeColorado School of MinesColorado State University Concordia University - MontrealConnecticut CollegeDartmouth CollegeDePaul UniversityDixie CollegeDuke UniversityDurham UniversityEmbry-Rittle, Aeronautical UniversityEmerson CollegeEmory UniversityFranklin W. Olin College of EngineeringGeorgetown UniversityGonzaga UniversityHamilton College - NYHarvard UniversityHarvey Mudd CollegeHaverford CollegeIllinois Institute of Technology

Indiana University at BloomingtonLafayette CollegeLewis & Clark CollegeLoyola University Chicago Macalester CollegeMcGill UniversityMiami University, Oxford Middlebury College Montana State University, BozemanNortheastern UniversityOccidental CollegeOglethorpe UniversityPlymouth State UniversityPomona CollegeQueen’s UniversityQuest University CanadaReed CollegeRhodes CollegeRichmond, The American International University in LondonRoger Williams University Saint Michael’s CollegeSanta Clara UniversitySarah Lawrence College Skidmore CollegeSt. Edward’s University St. Lawrence UniversityStanford UniversityTemple UniversityTexas Tech UniversityThe University of AlabamaThe University of ArizonaThe University of GeorgiaThe University of Montana, MissoulaThe University of North Carolina at Chapel HillTrinity College Dublin

Tufts UniversityUniversity of California, BerkeleyUniversity of California, Los Angeles University of California, Santa BarbaraUniversity of California, Santa Cruz University of ChicagoUniversity of Colorado at BoulderUniversity of Denver University of Illinois at Urbana ChampaignUniversity of Miami University of MichiganUniversity of Notre Dame University of OregonUniversity of PennsylvaniaUniversity of Puget SoundUniversity of Rhode IslandUniversity of San DiegoUniversity of San FranciscoUniversity of Southern CaliforniaUniversity of St. AndrewsUniversity of UtahUniversity of Vermont University of WashingtonUtah State University Vanderbilt UniversityVirginia TechWellesley College Westminster CollegeWhitman CollegeWilliams CollegeYale University

College Matriculation

Rowland Hall graduates attend some of the most selective colleges and universities in the nation. Recent graduates are attending the following institutions:

F"#$%&$'()#%*(+,-%.%/'(0$12%&'03+$%4%566+)7'8$6 6$'()#9)'(0$16'03+$:)+;%.%<<<:)'(0$16'03+$:)+;

%+)$-+/.*

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

!"#<%!,(*,/(%.%'-<0

!"#;%7B( CB3( R1%'0;5( "6607/( %( 50%7:7"2&'( %$43&0( /B33&9( 47"97%;( ,"( 08104,3"&%$( %,-$0,0/( 3&( ,-0(+4407(C1-""$?(C,2'0&,/(0&7"$$( 3&(6"27(1"70(%1%'0;31(1"27/0/(0%1-(50%7(%&'(,%B0(%'@%&,%90("6(%(1";470//0'(/1-""$('%5(,"(A%$%&10(,-037(/,2'30/*(,7%3&3&9*(%&'(,7%@0$(,"(7%10/?(I-0(/1-0'2$0('0/39&0'(

6"7(!"#;%7B(/,2'0&,/(-%/(%$/"(A0&063,0'(",-07(0$3,0(%,-$0,0/e;"/,(7010&,$5*(%(95;&%/,(%&'(A%$$0,('%&107eA5(%$$"#3&9(,-0;(,"(427/20(3&,0&/3@0(,7%3&3&9(#3,-"2,(/%1736313&9(,-0(%1%'0;31(1-%$$0&90/(%@%3$%A$0(%,(!"#$%&'()%$$?

!"#$%&'()%$$(%$/"("6607/(%(97"#3&9(G2&3"7(!"#;%7B(47"97%;(6"7(/B307/("6(%$$($0@0$/(3&(,-37'(,-7"29-(039-,-(97%'0?

*+2'-&+($/3-

!"#$%&'( )%$$( "6607/( ;573%'( "44"7,2&3,30/( A05"&'( ,-0( 1$%//7"";?( C,2'0&,/( %70( 0&1"27%90'( ,"(0840730&10(&0#(,-3&9/(%&'(,%1B$0(1-%$$0&90/(,-05(&0@07(,-"29-,(4"//3A$0*(%$$(#-3$0($0%7&3&9(,0%;#"7B*($0%'07/-34*(1""407%,3"&*(%&'(47"_01,(;%&%90;0&,?(C,2'30/(3&(,-0(630$'(A093&(6"7(!"#$%&'()%$$(/,2'0&,/(%/(0%7$5(%/(470/1-""$(%&'(1"&,3&20(3&(,-0(X"#07(C1-""$(#3,-( ,734/( ,"( $"1%$(;2/02;/*(4076"7;%&10/*(%&'(&%,27%$(/3,0/(%7"2&'( ,-0(&0%7A5(Y%/%,1-(]"2&,%3&/?(c$%//(,734/*(A093&&3&9(3&(/38,-(97%'0*(,%B0(/,2'0&,/("&(08127/3"&/(,-%,(3&1$2'0(1277312$%7(,-0;0/(%&'(%$/"(/07@0( ,"(#0$1";0(&0#( 6730&'/( 3&,"(0%1-(97%'0( $0@0$(%&'(/,70&9,-0&( ,-0(A"&'/(A0,#00&(,0%1-07/(%&'(/,2'0&,/?(+4407(C1-""$(/,2'0&,/(4%7,3134%,0(3&(^&,073;*(%(#00B$"&9(084$"7%,"75(47"97%;(2&3K20(%;"&9(+,%-(/1-""$/?(d273&9(,-3/(#00B*(/,2'0&,/(-%@0(,-0("4,3"&(,"(4%7,3134%,0(3&(%(@%730,5("6(3&:,"#&(%&'("2,:"6:,"#&(0840730&10/(,-%,(3&1$2'0(63$;(/,2'30/(%&'(@3'0"97%4-5*(151$3&9(,-0(Y%/%,1-*(-3B3&9(3&(]"%A*(73@07(7%6,3&9*(#"7$':$%&92%90(3;;07/3"&*(%&'(%1K2373&9($360(/B3$$/(,-%,(1";0(3&(-%&'5('273&9(,-"/0(637/,(#00B/("6(1"$$090?

G"#$%&$'()#%*(+,-%.%/'(0$12%&'03+$%4%566+)7'8$6 6$'()#9)'(0$16'03+$:)+;%.%<<<:)'(0$16'03+$:)+;

H"#$%&$'()#%*(+,-%.%/'(0$12%&'03+$%4%566+)7'8$6 6$'()#9)'(0$16'03+$:)+;%.%<<<:)'(0$16'03+$:)+;

^&( %''3,3"&( ,"( ^&,073;*( !"#;%7B( CB3( R1%'0;5*( %,-$0,31( ,0%;/*( ,-0( Y"7$'( X%&92%90( d04%7,;0&,*(d0A%,0*(c-0//(c$2A*(%&'( ,-0(/07@310:$0%7&3&9(47"97%;(%$$( ,%B0(%'@%&,%90*(#-0&(%447"473%,0*("6(/,%,0:#3'0*( 7093"&%$*( &%,3"&%$*( %&'( 9$"A%$( "44"7,2&3,30/( 6"7( 1";40,3,3"&*( /07@310*( "7( 1"&&01,3"&( ,"(%1%'0;31(/,2'30/?

-+)/.%$(-'2.%+/"&

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c7"//7"%'/(+7A%&(c0&,07*(,-0(C%$@%,3"&(R7;5*(,-0(+,%-(D""'(Z%&B*(,-0(f"$2&,007/("6(R;0731%*(,-0(!",%75(c$2A*(%&'(,-0(C%$,(X%B0(V81-%&90(c$2A?

C,2'0&,/(%&'(%'2$,/(1%&(%$/"(_"3&(,-0(C2/,%3&%A3$3,5(c";;3,,00(%&'Q"7(̂ &1$2/3"&(%&'(VK23,5(c";;3,,00*(#-31-("6607(,-0("44"7,2&3,5(,"(1"$$%A"7%,0("&(47"_01,/*(0@0&,/*(%&'(3&3,3%,3@0/("6(3;4%1,(,"(,-0(0&,370(/1-""$(1";;2&3,5?

6$'()#9)'(0$16'03+$:)+;%.%<<<:)'(0$16'03+$:)+; I"#$%&$'()#%*(+,-%.%/'(0$12%&'03+$%4%566+)7'8$6 6$'()#9)'(0$16'03+$:)+;%.%<<<:)'(0$16'03+$:)+;

.%<=2*

!"#$%&'()%$$(3/(12770&,$5(-"2/0'("&(,#"(&0%7A5(1%;42/0/(3&(C%$,(X%B0(c3,5?(I-0(X"#07(C1-""$(3/($"1%,0'("&(,-0(]1c%7,-05(c%;42/("&(a2%7'/;%&(Y%5*(%(60#(A$"1B/(67";(,-0(+&3@07/3,5("6(+,%-?(^&(%''3,3"&(,"(3,/(/4%13"2/(1$%//7"";/(%&'("2,'""7(4$%5(%70%/*(,-3/(1%;42/(60%,270/(%(/130&10($%A(#3,-(3&'""7(%&'("2,'""7(084$"7%,3"&(%70%/*(,-0(C,03&07(X3A7%75*(C,?(]%79%70,./(c-%40$*($39-,:63$$0'(%7,(%&'(;2/31(/,2'3"/*(%&'(%('3&3&9(-%$$?(I-0(Z093&&3&9(C1-""$(3/(-"2/0'(3&(3,/("#&($3,,$0(70'(/1-""$-"2/0(%'_"3&0'(A5(%($%790(;","7:/B3$$/(95;&%/32;?(I-0(]1c%7,-05(c%;42/(630$'(-"2/0(%&'(/"1107(630$'(%70(2/0'(A5(X"#07(C1-""$(/,2'0&,/(6"7(4-5/31%$(0'21%,3"&(%&'(A5(;%&5("6(,-0(/1-""$./(/4"7,/(,0%;/(6"7(47%1,310/(%&'(9%;0/?(I-0(+4407(C1-""$(3/($"1%,0'(_2/,("@07(%(;3$0(%#%5(3&(%(70&"@%,0'(42A$31(/1-""$(A23$'3&9("&(X3&1"$&(C,700,?(R(]3''$0(C1-""$(6%13$3,5(#%/(1";4$0,0'(3&(,-0(/2;;07("6(E<<=(%&'(3/(1"&&01,0'(,"(,-0(+4407(C1-""$(#-070(,-0(/,2'0&,/(/-%70(%110//(,"(,-0(X%73;07(c0&,07(6"7(,-0(U076"7;3&9(R7,/*(,-0($3A7%75(%&'(;0'3%(10&,07*(,-0(95;&%/32;*(,-0(1%60,073%*(%&'(",-07(0'21%,3"&%$(70/"2710/?(^&(FHEj*(!"#$%&'()%$$(A7"B0(97"2&'(6"7(%(&0#(1%;42/(,-%,(#3$$("&0('%5(2&3,0(%$$('3@3/3"&/("6(,-0(/1-""$M( ,-0(!31-%7'(!?(C,03&07(c%;42/?(R,-$0,31( 630$'/( 6"7( ,-0(/"1107( ,0%;/(#070( 63&3/-0'( 3&( ,-0(/473&9("6(FHE=*(%&'(62&'7%3/3&9(3/(#0$$(2&'07#%5(6"7(,-0(62,270(4-%/0/("6(,-0(47"_01,?(I-0(Ej?F:%170(47"407,5(,-%,(#3$$(-"2/0(,-0(&0#(1%;42/(6"7(,-0(]3''$0(C1-""$*(+4407(C1-""$*(%&'(%,-$0,31/(1";4$08(3/(3;;0'3%,0$5(%'_%10&,(,"(,-0(#0/,07&(0'90("6(,-0(083/,3&9(]1c%7,-05(c%;42/?

!J"#$%&$'()#%*(+,-%.%/'(0$12%&'03+$%4%566+)7'8$6 6$'()#9)'(0$16'03+$:)+;%.%<<<:)'(0$16'03+$:)+;

*.)""$()/*+"!0

!"#$%&'()%$$./(7"",/('%,0(A%1B(,"(ENOP*(#-0&(d%&30$(C5$@0/,07(I2,,$0(e(A3/-"4("6( ,-0(V43/1"4%$(c-271-./(+,%-(%&'(^'%-"(I0773,"730/(e(0/,%A$3/-0'(C,?(]%7B./(a7%;;%7(C1-""$(3&(C%$,(X%B0(c3,5?(^&(ENNH*(,-0(;",-07:3&:$%#("6(%(4730/,(%//"13%,0'(#3,-(,-0(V43/1"4%$(d3"10/0('"&%,0'(62&'/(,"(0/,%A$3/-(%(937$/.(A"%7'3&9(/1-""$(&%;0'(%6,07(-07($%,0(-2/A%&'*(Z0&_%;3&(!"#$%&'*(%&'(/07@3&9(,-0('%29-,07/("6(7093"&%$(;3&07/(%&'(7%&1-07/?(C,?(]%7B./(C1-""$(1$"/0'( 3&(EN<O( 3&(/244"7,("6( ,-0(42A$31(/1-""$(/5/,0;("6( ,-0(&0#$5('0/39&%,0'(/,%,0("6(+,%-*(A2,(3,(70"40&0'(%/(%(A"5/.(/1-""$(3&(E<>O*(%&'(3&(E<O=(;0790'(#3,-(!"#$%&'()%$$(,"(6"7;(!"#$%&'()%$$:C,?(]%7B./(C1-""$(%/(%('%5(/1-""$(#3,-(%(/-%70'(1";;3,,0'(,"(A",-(3&/,3,2,3"&/.(,7%'3,3"&/("6(%1%'0;31(0810$$0&10(%&'(/07@310?(D"7("@07(%(10&,275*(!"#$%&'()%$$("112430'(%(-3/,"731(1%;42/("&("&0(13,5(A$"1B(3&(C%$,(X%B0(c3,5./(R@0&20/( &039-A"7-""'?( ^&170%/0'( 3&,070/,( 3&( K2%$3,5( 0'21%,3"&( %&'( /;%$$( 1$%//( /3J0/( 1%2/0'( %(/2790( 3&( 97"#,-*( 70/2$,3&9( 3&( ]3''$0( C1-""$( %&'( +4407( C1-""$( /,2'0&,/( ;"@3&9( ,"( %( A23$'3&9( "&(X3&1"$&(C,700,?(Y3,-(,-0(5"2&90/,(/,2'0&,(4"42$%,3"&("2,97"#3&9(,-0(R@0&20/(c%;42/*(&3&0(%170/("&(a2%7'/;%&(Y%5(#070(4271-%/0'(3&(E<<<(%&'(A01%;0(,-0(U-3$34(a?(]1c%7,-05(c%;42/*(#-31-("40&0'(3&(FHHF?(I-0(/2110//(%&'(1"&,3&20'(97"#,-("6(!"#$%&'()%$$("&10(%9%3&(42,(470//270("&(,-0(,72/,00/(,"(63&'(%(&0#(-";0(,-%,(#3$$("&0('%5(2&365(,-0(6"27('3@3/3"&/*(%&'(3&(FHEE(,-0(/1-""$(%1K2370'(,-0($%&'(6"7(,-0(62,270(!31-%7'(!?(C,03&07(c%;42/?(Y-3$0(!"#$%&'()%$$(3/(&"($"&907(%&(V43/1"4%$(/1-""$*(3,(47"2'$5(-"&"7/(3,/(-3/,"731(70$%,3"&/-34(#3,-(,-0(V43/1"4%$(c-271-?

6$'()#9)'(0$16'03+$:)+;%.%<<<:)'(0$16'03+$:)+; !!"#$%&$'()#%*(+,-%.%/'(0$12%&'03+$%4%566+)7'8$6 6$'()#9)'(0$16'03+$:)+;%.%<<<:)'(0$16'03+$:)+;

*%$+($%,-(./+01(2+%)

C%$,(X%B0(c3,5( 3/(%( ,-73@3&9(13,5(0840730&13&9(%(4073"'("6( 70;%7B%A$0(97"#,-?(D"2&'0'( 3&(EN=P(A5(Z739-%;(L"2&9(%&'(",-07(6"$$"#07/("6(,-0(c-271-("6(G0/2/(c-73/,("6(,-0(X%,,07:'%5(C%3&,/*(,"'%5(C%$,(X%B0(3/(%('5&%;31(;0,7"4"$3,%&(%70%(/07@3&9(%&(3&170%/3&9$5('3@07/0(4"42$%,3"&?(^&(FHEP*(+?C?(T0#/(%&'(Y"7$'(!04"7,(7%&B0'(C%$,(X%B0(c3,5(%/("&0("6(,-0(EH(A0/,(4$%10/(,"($3@0(3&(,-0(&%,3"&*('20(,"(,-0(47"/407"2/(A2/3&0//(1";;2&3,5*(;573%'(12$,27%$("44"7,2&3,30/*(%&'(0%/5(%110//(,"(%(#3'0(%77%5("6("2,'""7(%1,3@3,30/?(̂ ,(3/(%$/"(,-0(1%43,%$(%&'(;"/,(4"42$"2/(13,5(3&(+,%-*(#3,-(&0%7$5(E?F(;3$$3"&(13,3J0&/?(((I-0(13,5(/07@0/(%/("&0("6(,-0(&%,3"&./(A%&B3&9(10&,07/*(#3,-(a"$';%&(C%1-/(%/(%&(%&1-"7(6"7(&0%7$5(,#"('01%'0/?(I-%&B/(,"(,-0(97"#,-("6(A2/3&0//0/(/21-(%/(R'"A0*(C%&'3/B*(%&'(i2%$,731/*(C%$,(X%B0(-%/(0;0790'(%/(%(,01-(-2A(%/(#0$$*(0%7&3&9(,-0(&31B&%;0(C3$31"&(C$"40/?(I-0(+&3@07/3,5("6(+,%-(3/(%$/"(%(;%_"7(0;4$"507(%&'(12$,27%$('73@07?(Z2,(407-%4/(,-0(473;%75(70%/"&(70/3'0&,/($"@0(C%$,(X%B0(3/(3,/(/,%,2/(%/(%(#"7$':70&"#&0'(A%/0(6"7("2,'""7(70170%,3"&?(^,(3/(#3'0$5(B&"#&(6"7(%110//(,"(/";0("6(,-0(A0/,(/B33&9(3&(,-0(&%,3"&*(%&'(,-0(13,5(3,/0$6(-%/(%(&2;A07("6(A0%2,362$(4%7B/*(/21-(%/(,-0(EHH:%170(X3A07,5(U%7B?(T",(;21-(6%7,-07(%#%5(%70(63@0(/401,%12$%7(&%,3"&%$(4%7B/(e(k3"&*(Z7510(c%&5"&*(R71-0/*(c%&5"&$%&'/*(%&'(c%43,"$(!006(e(%$$("6(#-31-(%,,7%1,(;3$$3"&/("6(@3/3,"7/(%(50%7?(b6(1"27/0*(,-0(a70%,(C%$,(X%B0($30/(_2/,(,"(,-0(13,5./(#0/,?(b&(,-0(12$,27%$( 67"&,*(C%$,(X%B0(c3,5("6607/(70/3'0&,/(%&(%77%5("6(%7,/*(0&,07,%3&;0&,*(%&'(/4"7,3&9(0@0&,/*( %&'( A"%/,/( %&( 3&170%/3&9$5( 3;470//3@0( 70/,%27%&,( /10&0?( ^&( %''3,3"&( ,"( 4076"7;%&10/( A5(Z%$$0,(Y0/,*( ,-0(+,%-(C5;4-"&5(b71-0/,7%*(%&'( ,-0(#"7$':6%;"2/(I%A07&%1$0(c-"37*(+,%-&/(1%&(1%,1-(,-0($%,0/,(Z7"%'#%5(/-"#("7(%(A$2097%//(A%&'(%,(,-0(&0#(V11$0/(I-0%,07('"#&,"#&?(C%$,(X%B0(c3,5(-"/,/(4"7,3"&/("6(,-0(%&&2%$(C2&'%&10(D3$;(D0/,3@%$(%/(#0$$(%/(;%&5(",-07(60/,3@%$/?(I-0(+,%-(R7,/(D0/,3@%$(-%/(A00&(-0$'(%&&2%$$5(/3&10(E<PP(#3,-(%&(%@07%90(%,,0&'%&10("6(NH*HHH?(

!A"#$%&$'()#%*(+,-%.%/'(0$12%&'03+$%4%566+)7'8$6 6$'()#9)'(0$16'03+$:)+;%.%<<<:)'(0$16'03+$:)+;

I-0(+&3@07/3,5("6(+,%-(1%;42/(3/(-";0(,"(,-0(!0'(Z2,,0(a%7'0&*(+,%-(]2/02;("6(D3&0(R7,/*(%&'(,-0(T%,27%$()3/,"75(]2/02;("6(+,%-?(C4"7,/(0&,-2/3%/,/(1%&(#%,1-(,-0(+,%-(G%JJ(;%,1-(24(%9%3&/,(TZR("44"&0&,/('"#&,"#&(%,(,-0(f3@3&,(C;%7,()";0(R70&%*(%,,0&'(%(!0%$(C%$,(X%B0(/"1107(;%,1-*("7(,%B0(,-0(6%;3$5(,"(/00(,-0(C%$,(X%B0(Z00/*(,-0(,734$0:R(A%/0A%$$(,0%;?

"=="!+2&/+/-*(%&'(.)%$$-&:-*

!"#$%&'()%$$(0&,07/(,-0()0%'("6(C1-""$(/0%71-(3&(%(4"/3,3"&("6(,0773631(/,70&9,-(%&'(-0%$,-M(/"$3'(0&7"$$;0&,`(&"('0A,`(%('5&%;31(%&'(1"$$%A"7%,3@0($0%'07/-34(,0%;`(%&(0810$$0&,*(97"#,-:"730&,0'*(%&'(-%7':#"7B3&9(6%12$,5(%&'(/,%66`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c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c%7,-05(c%;42/(,"(1"&/"$3'%,0(,-0(0&,370(/1-""$("&("&0(/3,0?(R(1%43,%$(1%;4%39&(3/(2&'07#%5(,"(1"&/,721,(,-0(&0#(]3''$0(C1-""$(A23$'3&9(%&'(%(&0#(%,-$0,31/(10&,07?(I-0(&08,()0%'("6(C1-""$(#3$$(&00'(,"(A0(%1,3@0$5(3&@"$@0'(3&(12$,3@%,3&9(%&'(/"$313,3&9(936,/(6"7(,-0(1%;4%39&*(%&'(#-0&(,-0(1%;4%39&(3/(1";4$0,0'*(#3$$(A0(3&,3;%,0$5(3&@"$@0'(3&(,-0(1"&/,721,3"&?(

C"13%$(%&'(0;",3"&%$($0%7&3&9([CVX\M(CVX(3/(%&(%70%("6(6"12/(6"7(,-0(Z093&&3&9(C1-""$(%&'(X"#07(C1-""$(%&'(-%/(70103@0'(3&170%/0'(%,,0&,3"&(3&(,-0(]3''$0(C1-""$(%&'(+4407(C1-""$("@07(,-0(4%/,(60#(50%7/?(I-0(&08,()0%'("6(C1-""$(#3$$(#"7B(#3,-('3@3/3"&(473&134%$/(%&'(6%12$,5(,"(1"&/3'07(-"#(,"(A0/,(/244"7,(,-0(/"13%$(%&'(0;",3"&%$('0@0$"4;0&,("6(%$$(/,2'0&,/*(0/4013%$$5(,-"/0(6%13&9(,-0(1-%$$0&90/("6(%'"$0/10&10?

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

6$'()#9)'(0$16'03+$:)+;%.%<<<:)'(0$16'03+$:)+; !B"#$%&$'()#%*(+,-%.%/'(0$12%&'03+$%4%566+)7'8$6 6$'()#9)'(0$16'03+$:)+;%.%<<<:)'(0$16'03+$:)+;

C%$,(X%B0./(1-%&93&9(;%7B0,4$%10M(C%$,(X%B0(c3,5(3/(7%43'$5(,7%&/6"7;3&9(%/(&0#(1";4%&30/(%70(A73&93&9(_"A/(%&'('3@07/0(6%;3$30/(,"(,-0(%70%?(]%&5("6(,-0/0(&0#(6%;3$30/(%70(70$"1%,3&9(67";(%70%/(#-070(3&'040&'0&,(/1-""$/(%70(;"70(470@%$0&,(,-%&(3&(C%$,(X%B0?(I-0(&08,()0%'("6(C1-""$(#3$$(-0$4(7063&0(%&'(47";",0(,-0(/1-""$./(3'0&,3,5(#-3$0(%$/"(;%3&,%3&3&9(3,/(1";;3,;0&,(,"(3,/(12$,270?

'-*/!-'(>2%$/+/-*(%&'(>2%$/3/.%+/"&*

!"#$%&'()%$$(3/(%&(%/437%,3"&%$(%&'(1%73&9(1";;2&3,5(3&62/0'(#3,-(%(6"7#%7':$""B3&9(%,,3,2'0?(R/(/21-*(,-0(1";;2&3,5(3/($""B3&9(6"7(%(@3/3A$0(%&'(@3/3"&%75($0%'07*(%(/,7%,0931(,-3&B07*(%&'(%(/B3$$62$(;%&%907(#-"( 1%&( ;"A3$3J0( %&'( '3701,( ,-0( 4%//3"&( %&'( 1";;3,;0&,( "6( ,-0( /1-""$( 1";;2&3,5?( C2110//62$(1%&'3'%,0/(#3$$(-%@0(%(A%1B97"2&'(%&'(/B3$$/(,-%,(3&1$2'0(;"/,("7(%$$("6(,-0(6"$$"#3&9M(l( R(4%//3"&(6"7(#"7B3&9(#3,-( ,0%1-07/(%&'(%';3&3/,7%,"7/( ,"(47"@3'0(/,2'0&,/(#3,-(%&(0'21%,3"&(

A%/0'("&(,-0(/1-""$./(@%$20/(%&'(7"",0'(3&(%(1";;2&3,5(,-%,(10$0A7%,0/(0%1-(407/"&./(2&3K20&0//?l( R('004(2&'07/,%&'3&9("6(3;4"7,%&,(,70&'/(3&(0'21%,3"&(%&'(,-0(%A3$3,5(,"(1";A3&0(,-%,(2&'07/,%&'3&9(

#3,-(%&(%447013%,3"&( 6"7(!"#$%&'()%$$./( @%$20/*( 12$,270*(%&'( ,7%'3,3"&/( 3&("7'07( ,"(%7,312$%,0(%(1";40$$3&9(@3/3"&(6"7(,-0(/1-""$./(62,270?

l( R(1"$$%A"7%,3@0($0%'07/-34(/,5$0(,-%,(47"_01,/("40&&0//(%&'(90&23&0$5(3&@3,0/(%&'(70/401,/(,-0(407/401,3@0/(%&'(@30#/("6(",-07/*(50,(3/('013/3@0(%&'(637;(#-0&(&010//%75?

l( R&(%A3$3,5(,"(1"&&01,(%&'(1";;2&31%,0(06601,3@0$5(#3,-(6%12$,5(;0;A07/*(%';3&3/,7%,"7/*(4%70&,/*(/,2'0&,/*(1";;2&3,5(;0;A07/*(%&'(,-0(Z"%7'("6(I72/,00/(/"(,-%,(,-0/0(97"24/(%70(%447"473%,0$5(3&6"7;0'("6(/1-""$(0@0&,/*(4",0&,3%$(3//20/*(B05('013/3"&/*(%&'(&00'/?

l( R( 4%$4%A$0( 0&_"5;0&,( %,( A03&9( %&( %1,3@0( %&'( @3/3A$0( 470/0&10( 3&( ,-0( $360( "6( ,-0( /1-""$( %/( %(6"2&'%,3"&( 6"7(/,7"&9*(/244"7,3@0( 70$%,3"&/-34/(#3,-( 6%12$,5*( /,%66*(%&'( ,-0(%';3&3/,7%,3@0( ,0%;*(,-070A5(6"/,073&9(%(/0&/0("6(1";;2&3,5(%&'(%(12$,270("6(;0%&3&962$(47"60//3"&%$(97"#,-?

l( U73"7(0840730&10( $3@3&9(%&'( $0%'3&9('3@07/3,5(%&'( 3&1$2/3"&( 3&3,3%,3@0/*(/B3$$( 3&(A23$'3&9( 3&1$2/3@0(1";;2&3,30/*(%&'(,-0(%A3$3,5(,"(70/401,62$$5(&%@39%,0('3@07/0(12$,27%$(%&'(/"13%$(/3,2%,3"&/?

l( I-0( /2110//62$( 1%&'3'%,0( ;2/,( A0( 1";6"7,%A$0( %/B3&9( 6"7( 63&%&13%$( /244"7,( %&'( ;2/,( -%@0( %(1";;3,;0&,(,"(6"/,073&9(%(12$,270("6(4-3$%&,-7"45?

(U07/"&%$(c-%7%1,073/,31/I-0(&08,()0%'(#3$$(A0(/";0"&0(#-"(082'0/("4,3;3/;(%&'(%(97"#,-(;3&'/0,*(#-3$0(%$/"(A03&9(#%7;*(%447"%1-%A$0*(%&'('"#&:,":0%7,-?(I-0(6%@"70'(1%&'3'%,0(3/(%(407/"&(#3,-(%(4%//3"&(6"7(%1%'0;31(0810$$0&10*(3&,0$$01,2%$(1273"/3,5*(%&'(%(B00&(/0&/0("6(3&K2375?((I-0(407/"&(3/(%$/"("2,9"3&9*(0&0790,31*(%&'(1"&63'0&,*(#3,-(/,7"&9(0;",3"&%$(3&,0$$390&10*(63&0(407/"&%$(@%$20/*(%&'(0810$$0&,(1";;2&31%,3"&(/B3$$/?

!C"#$%&$'()#%*(+,-%.%/'(0$12%&'03+$%4%566+)7'8$6 6$'()#9)'(0$16'03+$:)+;%.%<<<:)'(0$16'03+$:)+;

+"(%==$0

^&,070/,0'(%&'(K2%$3630'(1%&'3'%,0/(/-"2$'(/2A;3,(0$01,7"&31%$$5(3&("&0(0;%3$(%&'(%/(/04%7%,0('"12;0&,/([470607%A$5(UdD/\(,-0(6"$$"#3&9(;%,073%$/M

l R(1"@07($0,,07(08470//3&9(,-037(3&,070/,(3&(,-3/(4%7,312$%7(4"/3,3"&`l R(12770&,(7m/2;m`l R("&0:4%90(/,%,0;0&,("6(0'21%,3"&%$("7($0%'07/-34(4-3$"/"4-5(%&'(47%1,310`l R($3/,("6(63@0(47"60//3"&%$(706070&10/(#3,-(&%;0*(4-"&0(&2;A07*(%&'(0;%3$(%''70//("6(0%1-

[706070&10/(#3$$(&",(A0(1"&,%1,0'(#3,-"2,(,-0(1%&'3'%,0./(407;3//3"&\(,"M

K$007L$(%/#(768$06$0C0%71-(c"&/2$,%&,_0&&3607?1-73/,0&/0&n1%7&05/%&'"0?1";

M+N%>(7)O$(C0&3"7(c"&/2$,%&,A"A?6731B07n1%7&05/%&'"0?1";

Recommended