SAH 2019 Proxy Statement

ZKR ZHUH HPSOR\HHV RI 6RQLF LPPHGLDWHO\ SULRU WR D FKDQJH LQ FRQWURO UHJDUGOHVV RI ZKHWKHU RU QRW VXFK SDUWLFLSDQWV UHPDLQ HPSOR\HHV XSRQ RU IROORZLQJ WKH FKDQJH LQ FRQWURO $ SDUWLFLSDQW HDUQV KLV RU KHU 6(53 EHQHILW RYHU D SHULRG IURP WKH ODWHU RI DJH RU WKH SDUWLFLSDQW¶V HIIHFWLYH GDWH RI 6(53 SDUWLFLSDWLRQ WR WKH ODWHU RI WKH SDUWLFLSDQW¶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³VSHFLILHG HPSOR\HH´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³FDXVH´ DV GHILQHG LQ WKH 6(53 RU LW LV GLVFRYHUHG DIWHU WHUPLQDWLRQ WKDW WKH SDUWLFLSDQW FRXOG KDYH EHHQ WHUPLQDWHG IRU FHUWDLQ UHDVRQV FRQVWLWXWLQJ ³FDXVH ´ WKH SDUWLFLSDQW ZLOO IRUIHLW DOO EHQHILWV XQGHU WKH 6(53 LQFOXGLQJ DQ\ UHPDLQLQJ XQSDLG EHQHILWV LI DOUHDG\ LQ SD\ VWDWXV 8QGHU WKH 6(53 UHDVRQV FRQVWLWXWLQJ ³FDXVH´ LQFOXGH PDWHULDO EUHDFK RI WKH SDUWLFLSDQW¶V REOLJDWLRQV LQ DQ\ HPSOR\PHQW DJUHHPHQW WKDW LV QRW WLPHO\ UHPHGLHG WKH SDUWLFLSDQW¶V EUHDFK RI DQ\ DSSOLFDEOH UHVWULFWLYH FRYHQDQWV FRQYLFWLRQ RI D IHORQ\ DFWLRQV LQYROYLQJ PRUDO WXUSLWXGH ZLOOIXO IDLOXUH WR FRPSO\ ZLWK UHDVRQDEOH DQG ODZIXO GLUHFWLYHV RI WKH %RDUG RI 'LUHFWRUV RU WKH SDUWLFLSDQW¶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¶V FRQILGHQWLDO RU SURSULHWDU\ LQIRUPDWLRQ LL HPSOR\LQJ RU VROLFLWLQJ HPSOR\HHV RI 6RQLF RU LWV DIILOLDWHV RU VXEVLGLDULHV LLL LQWHUIHULQJ ZLWK 6RQLF¶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