GME 2017 Annual Report

*G PVS NBOBHFNFOU JOGPSNBUJPO TZTUFNT GBJM UP QFSGPSN PS BSF JOBEFRVBUF PVS BCJMJUZ UP NBOBHF PVS CVTJOFTT DPVME CF EJTSVQUFE 8F SFMZ PO DPNQVUFSJ[FE JOWFOUPSZ BOE NBOBHFNFOU TZTUFNT UP DPPSEJOBUF BOE NBOBHF UIF BDUJWJUJFT JO PVS EJTUSJCVUJPO DFOUFST BT XFMM BT UP DPNNVOJDBUF EJTUSJCVUJPO JOGPSNBUJPO UP UIF PGG TJUF UIJSE QBSUZ PQFSBUFE EJTUSJCVUJPO DFOUFST XJUI XIJDI XF XPSL 5IF UIJSE QBSUZ EJTUSJCVUJPO DFOUFST QJDL VQ QSPEVDUT GSPN PVS TVQQMJFST SFQBDLBHF UIF QSPEVDUT GPS FBDI PG PVS TUPSFT BOE TIJQ UIPTF QSPEVDUT UP PVS TUPSFT CZ QBDLBHF DBSSJFST 8F VTF JOWFOUPSZ SFQMFOJTINFOU TZTUFNT UP USBDL TBMFT BOE JOWFOUPSZ 0VS BCJMJUZ UP SBQJEMZ QSPDFTT JODPNJOH TIJQNFOUT PG OFX SFMFBTF UJUMFT BOE EFMJWFS UIFN UP BMM PG PVS TUPSFT FJUIFS UIBU EBZ PS CZ UIF OFYU NPSOJOH FOBCMFT VT UP NFFU QFBL EFNBOE BOE SFQMFOJTI TUPSFT BU MFBTU UXJDF B XFFL UP LFFQ PVS TUPSFT JO TUPDL BU PQUJNVN MFWFMT BOE UPNPWF JOWFOUPSZ FGGJDJFOUMZ 0VS TZTUFNT BSF TVCKFDU UP EBNBHF PS JOUFSSVQUJPO GSPNQPXFS PVUBHFT UFMFDPNNVOJDBUJPOT GBJMVSFT DZCFS BUUBDLT TFDVSJUZ CSFBDIFT BOE DBUBTUSPQIJD FWFOUT *G PVS JOWFOUPSZ PS NBOBHFNFOU JOGPSNBUJPO TZTUFNT GBJM UP BEFRVBUFMZ QFSGPSN UIFJS GVODUJPOT PVS CVTJOFTT DPVME CF BEWFSTFMZ BGGFDUFE *O BEEJUJPO JG PQFSBUJPOT JO BOZ PG PVS EJTUSJCVUJPO DFOUFST XFSF UP TIVU EPXO PS CF EJTSVQUFE PS JG UIFTF DFOUFST XFSF VOBCMF UP BDDPNNPEBUF TUPSFT JO B QBSUJDVMBS SFHJPO PVS CVTJOFTT BOE SFTVMUT PG PQFSBUJPOT NBZ CF OFHBUJWFMZ JNQBDUFE *G XF EP OPU NBJOUBJO UIF TFDVSJUZ PG PVS NFNCFS DVTUPNFS FNQMPZFF PS DPNQBOZ JOGPSNBUJPO XF DPVME EBNBHF PVS SFQVUBUJPO JODVS TVCTUBOUJBM BEEJUJPOBM DPTUT BOE CFDPNF TVCKFDU UP MJUJHBUJPO "O JNQPSUBOU QBSU PG PVS CVTJOFTT JOWPMWFT UIF SFDFJQU QSPDFTTJOH BOE TUPSBHF PG QFSTPOBM JOGPSNBUJPO PG PVS DVTUPNFST NFNCFST BOE FNQMPZFFT JODMVEJOH JO UIF DBTF PG DVTUPNFST QBZNFOU JOGPSNBUJPO 8F IBWF TZTUFNT BOE QSPDFTTFT JO QMBDF UIBU BSF EFTJHOFE UP QSPUFDU BHBJOTU TFDVSJUZ BOE EBUB CSFBDIFT BOE VOBVUIPSJ[FE BDDFTT UP DPOGJEFOUJBM JOGPSNBUJPO /FWFSUIFMFTT DZCFS TFDVSJUZ SJTLT TVDI BT NBMJDJPVT TPGUXBSF BOE BUUFNQUT UP HBJO VOBVUIPSJ[FE BDDFTT UP EBUB BSF SBQJEMZ FWPMWJOH BOE CFDPNJOH JODSFBTJOHMZ TPQIJTUJDBUFE 5FDIOJRVFT PS TPGUXBSF VTFE UP HBJO VOBVUIPSJ[FE BDDFTT BOE PS EJTBCMF EFHSBEF PS IBSNPVS TZTUFNT NBZ CF EJGGJDVMU UP EFUFDU GPS QSPMPOHFE QFSJPET PG UJNF BOE XF NBZ CF VOBCMF UP BOUJDJQBUF UIFTF UFDIOJRVFT PS QVU JO QMBDF QSPUFDUJWF PS QSFWFOUJWF NFBTVSFT 5IFTF BUUFNQUT UP HBJO VOBVUIPSJ[FE BDDFTT DPVME MFBE UP EJTSVQUJPOT JO PVS TZTUFNT VOBVUIPSJ[FE SFMFBTF PG DPOGJEFOUJBM PS PUIFSXJTF QSPUFDUFE JOGPSNBUJPO PS DPSSVQUJPO PG EBUB *G JOEJWJEVBMT BSF TVDDFTTGVM JO JOGJMUSBUJOH CSFBLJOH JOUP EJTSVQUJOH EBNBHJOH PS PUIFSXJTF TUFBMJOH GSPN UIF DPNQVUFS TZTUFNT PG UIF $PNQBOZ PS JUT UIJSE QBSUZ QSPWJEFST XF NBZ IBWF UP NBLF B TJHOJGJDBOU JOWFTUNFOU UP GJY PS SFQMBDF UIFN BOE NBZ TVGGFS JOUFSSVQUJPOT JO PVS PQFSBUJPOT JO UIF JOUFSJN JODMVEJOH JOUFSSVQUJPOT JO PVS BCJMJUZ UP BDDFQU QBZNFOU GSPN DVTUPNFST BOE PVS BCJMJUZ UP JTTVF BOE SFEFFN MPZBMUZ QPJOUT VOEFS PVS 1PXFS 6Q 3FXBSET QSPHSBN 4VDI BO FWFOU NBZ BMTP FYQPTF VT UP DPTUMZ MJUJHBUJPO HPWFSONFOU JOWFTUJHBUJPOT HPWFSONFOU FOGPSDFNFOU BDUJPOT GJOFT BOE PS MBXTVJUT BOENBZ TJHOJGJDBOUMZ IBSNPVS SFQVUBUJPOXJUI PVS NFNCFST BOE DVTUPNFST 8F BSF DPOUJOVPVTMZ XPSLJOH UP JOTUBMM OFX BOE VQHSBEF PVS JOGPSNBUJPO UFDIOPMPHZ TZTUFNT BOE QSPWJEF FNQMPZFF BXBSFOFTT USBJOJOH BSPVOE QIJTIJOH NBMXBSF BOE PUIFS DZCFS SJTLT UP QSPUFDU PVS NFNCFS DVTUPNFS FNQMPZFF BOE DPNQBOZ EBUB BHBJOTU DZCFS SJTLT BOE TFDVSJUZ CSFBDIFT %FTQJUF UIFTF FGGPSUT XF IBWF FYQFSJFODFE DZCFSTFDVSJUZ BUUBDLT JO UIF QBTU BOE UIFSF JT OP HVBSBOUFF UIBU UIF QSPDFEVSFT UIBU XF IBWF JNQMFNFOUFE UP QSPUFDU BHBJOTU VOBVUIPSJ[FE BDDFTT UP TFDVSFE EBUB BSF BEFRVBUF UP TBGFHVBSE BHBJOTU GVUVSF EBUB TFDVSJUZ CSFBDIFT 8IJMF QBTU DZCFSTFDVSJUZ BUUBDLT IBWF OPU SFTVMUFE JO NBUFSJBM MPTTFT B EBUB TFDVSJUZ CSFBDI PS BOZ GBJMVSF CZ VT UP DPNQMZ XJUI BQQMJDBCMF QSJWBDZ BOE JOGPSNBUJPO TFDVSJUZ MBXT BOE SFHVMBUJPOT DPVME NBUFSJBMMZ JNQBDU PVS CVTJOFTT BOE PVS SFTVMUT PG PQFSBUJPOT .PSFPWFS B EBUB TFDVSJUZ CSFBDI PS DIBOHF JO BQQMJDBCMF QSJWBDZ PS TFDVSJUZ MBXT PS SFHVMBUJPOT DPVME SFRVJSF VT UP EFWPUF TJHOJGJDBOU NBOBHFNFOU SFTPVSDFT UP BEESFTT UIF QSPCMFNT DSFBUFE CZ UIF CSFBDI PS TVDI DIBOHF JO MBXT PS SFHVMBUJPOT BOE UP FYQFOE TJHOJGJDBOU BEEJUJPOBM SFTPVSDFT UP VQHSBEF GVSUIFS UIF TFDVSJUZ NFBTVSFT UIBU XF FNQMPZ UP HVBSE BHBJOTU TVDI CSFBDIFT PS UP DPNQMZ XJUI TVDI DIBOHF JO MBXT PS SFHVMBUJPOT XIJDI DPVME EJTSVQU PVS CVTJOFTT PQFSBUJPOT BOE GJOBODJBM DPOEJUJPO -JUJHBUJPO BOE UIF PVUDPNFT PG TVDI MJUJHBUJPO DPVME OFHBUJWFMZ JNQBDU PVS GVUVSF GJOBODJBM DPOEJUJPO BOE SFTVMUT PG PQFSBUJPOT *O UIF PSEJOBSZ DPVSTF PG PVS CVTJOFTT XF BSF GSPN UJNF UP UJNF TVCKFDU UP WBSJPVT MJUJHBUJPO BOE MFHBM QSPDFFEJOHT JODMVEJOH NBUUFST JOWPMWJOH XBHF BOE IPVS FNQMPZFF DMBTT BDUJPOT TUPDLIPMEFS BOE DPOTVNFS DMBTT BDUJPOT UBY BVEJUT BOE VODMBJNFE QSPQFSUZ BVEJUT CZ TUBUFT 5IF PVUDPNF PG MJUJHBUJPO BOE PUIFS MFHBM QSPDFFEJOHT BOE UIF NBHOJUVEF PG QPUFOUJBM MPTTFT UIFSFGSPN QBSUJDVMBSMZ DMBTT BDUJPO MBXTVJUT BOE SFHVMBUPSZ BDUJPOT JT EJGGJDVMU UP BTTFTT PS RVBOUJGZ $FSUBJO PG UIFTF MFHBM QSPDFFEJOHT JG EFDJEFE BEWFSTFMZ UP VT PS TFUUMFE CZ VT NBZ SFRVJSF DIBOHFT UP PVS CVTJOFTT PQFSBUJPOT UIBU OFHBUJWFMZ JNQBDU PVS PQFSBUJOH SFTVMUT PS JOWPMWF TJHOJGJDBOU MJBCJMJUZ BXBSET UIBU JNQBDU PVS GJOBODJBM DPOEJUJPO 5IF DPTU UP EFGFOE MJUJHBUJPO NBZ CF TJHOJGJDBOU "T B SFTVMU MFHBM QSPDFFEJOHT NBZ BEWFSTFMZ BGGFDU PVS CVTJOFTT GJOBODJBM DPOEJUJPO SFTVMUT PG PQFSBUJPOT PS MJRVJEJUZ 4FF *UFN b-FHBM 1SPDFFEJOHT c -FHJTMBUJWF BDUJPOT BOE DIBOHFT JO BDDPVOUJOH SVMFT NBZ DBVTF PVS HFOFSBM BOE BENJOJTUSBUJWF BOE DPNQMJBODF DPTUT UP JODSFBTF BOE JNQBDU PVS GVUVSF GJOBODJBM DPOEJUJPO BOE SFTVMUT PG PQFSBUJPOT *O PSEFS UP DPNQMZ XJUI MBXT BEPQUFE CZ UIF 6 4 HPWFSONFOU PS PUIFS 6 4 PS GPSFJHO SFHVMBUPSZ CPEJFT XF NBZ CF SFRVJSFE UP JODSFBTF PVS FYQFOEJUVSFT BOE IJSF BEEJUJPOBM QFSTPOOFM BOE BEEJUJPOBM PVUTJEF MFHBM BDDPVOUJOH BOE BEWJTPSZ TFSWJDFT BMM PG XIJDI NBZ DBVTF PVS HFOFSBM BOE BENJOJTUSBUJWF BOE DPNQMJBODF DPTUT UP JODSFBTF 4JHOJGJDBOU XPSLGPSDF SFMBUFE MFHJTMBUJWF DIBOHFT DPVME JODSFBTF PVS FYQFOTFT BOE BEWFSTFMZ BGGFDU PVS PQFSBUJPOT &YBNQMFT PG QPTTJCMF XPSLGPSDF SFMBUFE MFHJTMBUJWF DIBOHFT JODMVEF DIBOHFT UP BO FNQMPZFS T PCMJHBUJPO UP SFDPHOJ[F DPMMFDUJWF CBSHBJOJOH VOJUT UIF QSPDFTT CZ XIJDI DPMMFDUJWF CBSHBJOJOH BHSFFNFOUT BSF OFHPUJBUFE PS JNQPTFE NJOJNVN XBHF SFRVJSFNFOUT BOE IFBMUI DBSF NBOEBUFT *O BEEJUJPO DIBOHFT JO UIF SFHVMBUPSZ FOWJSPONFOU BGGFDUJOH .FEJDBSF SFJNCVSTFNFOUT QSPEVDU TBGFUZ TVQQMZ DIBJO USBOTQBSFODZ BOE JODSFBTFE

RkJQdWJsaXNoZXIy NTIzOTM0