SAH 2019 Proxy Statement

UHVSHFW WR DQ\ RI 6RQLF¶V GHDOHUVKLS VXEVLGLDULHV WKDW SDUWLFLSDWH LQ RU KDYH SDUWLFLSDWHG LQ D VSHFLILHG PXOWLHPSOR\HU SHQVLRQ SODQ * SURSHUW\ ORVV DQG UHSODFHPHQW H[SHQVH DWWULEXWDEOH WR DFWV RI *RG RU QDWXUH ZKLFK ORVV RU H[SHQVH ZRXOG KDYH EHHQ FRYHUHG XQGHU 6RQLF¶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¶V GHDOHUVKLSV DV UHSRUWHG E\ WKH DSSOLFDEOH PDQXIDFWXUHU ZKLFK IRU ILVFDO PHW RU H[FHHGHG WKH DSSOLFDEOH PDQXIDFWXUHU¶V REMHFWLYH &6, SHUIRUPDQFH VWDQGDUG DSSOLFDEOH WR WKH SDUWLFXODU GHDOHUVKLS DV RI 'HFHPEHU 2QO\ GHDOHUVKLSV RZQHG E\ 6RQLF IRU DOO RI ZRXOG EH LQFOXGHG LQ GHWHUPLQLQJ DFKLHYHPHQW RI WKH &6, SHUIRUPDQFH JRDOV 7KH &RPSHQVDWLRQ &RPPLWWHH LQFOXGHG VSHFLILF PLQLPXP WDUJHW DQG PD[LPXP REMHFWLYH OHYHOV EDVHG XSRQ DFKLHYHPHQW RI WKH &6, EDVHG SHUIRUPDQFH REMHFWLYHV DQG FRUUHVSRQGLQJ ERQXV DPRXQWV IRU WKH 1DPHG ([HFXWLYH 2IILFHUV DV IROORZV 'HDOHUVKLSV $FKLHYLQJ 0DQXIDFWXUHU¶V &6, 3HUIRUPDQFH 6WDQGDUG DV RI 'HFHPEHU %RQXV DV 3HUFHQWDJH RI %DVH 6DODU\ /HVV WKDQ 0LQLPXP 2EMHFWLYH 7DUJHW 2EMHFWLYH 0D[LPXP 2EMHFWLYH RU PRUH )RU SHUIRUPDQFH IDOOLQJ EHWZHHQ WZR REMHFWLYH OHYHOV GHVFULEHG DERYH WKH FRUUHVSRQGLQJ ERQXV DPRXQW ZRXOG EH SURUDWHG EDVHG RQ WKH SHUIRUPDQFH DFKLHYHG EHWZHHQ WKH WZR REMHFWLYH OHYHOV