SAH 2019 Proxy Statement

3ODQ ZLWK D VLPLODU RSSRUWXQLW\ WR DFTXLUH DQ RZQHUVKLS LQWHUHVW LQ 6RQLF %RWK WKH 1RQTXDOLILHG (633 DQG WKH (PSOR\HH 3ODQ SHUPLW HOLJLEOH HPSOR\HHV WR SXUFKDVH VKDUHV RI &ODVV $ &RPPRQ 6WRFN DW D GLVFRXQW IURP WKH PDUNHW SULFH 7KH WHUPV RI WKH 1RQTXDOLILHG (633 DUH VXEVWDQWLDOO\ VLPLODU WR WKH WHUPV RI WKH (PSOR\HH 3ODQ ZKLFK KDV EHHQ DSSURYHG E\ 6RQLF¶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¶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