SAH 2019 Proxy Statement

$ O ³(PSOR\HH´ PHDQV DQ\ HPSOR\HH RI WKH &RPSDQ\ RU DQ\ 6XEVLGLDU\ 'LUHFWRUV ZKR DUH QRW RWKHUZLVH HPSOR\HG E\ WKH &RPSDQ\ RU D 6XEVLGLDU\ DUH QRW FRQVLGHUHG (PSOR\HHV XQGHU WKLV 3ODQ P ³([FKDQJH $FW´ PHDQV WKH 6HFXULWLHV ([FKDQJH $FW RI DV DPHQGHG IURP WLPH WR WLPH RU DQ\ VXFFHVVRU DFW WKHUHWR 5HIHUHQFH WR DQ\ VHFWLRQ RI RU UXOH SURPXOJDWHG XQGHU WKH ([FKDQJH $FW VKDOO EH GHHPHG WR LQFOXGH UHIHUHQFH WR DSSOLFDEOH UXOHV UHJXODWLRQV RU RWKHU DXWKRULWDWLYH JXLGDQFH WKHUHXQGHU DQG DQ\ DPHQGPHQWV RU VXFFHVVRU SURYLVLRQV WR VXFK VHFWLRQ UXOHV UHJXODWLRQV DQG JXLGDQFH Q ³)DLU 0DUNHW 9DOXH´ PHDQV DV RI D SDUWLFXODU GDWH WKH YDOXH RI WKH &RPPRQ 6WRFN GHWHUPLQHG DV IROORZV L ,I WKH &RPPRQ 6WRFN LV WUDGHG RQ D QDWLRQDO RU UHJLRQDO VHFXULWLHV H[FKDQJH RU RQ WKH 1DVGDT 1DWLRQDO 0DUNHW 6\VWHP ³1DVGDT´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³)DPLO\ 0HPEHUV´ PHDQV WKH 3DUWLFLSDQW¶V FKLOG VWHSFKLOG JUDQGFKLOG SDUHQW VWHSSDUHQW JUDQGSDUHQW VSRXVH IRUPHU VSRXVH VLEOLQJ QLHFH QHSKHZ PRWKHU LQ ODZ IDWKHU LQ ODZ VRQ LQ ODZ GDXJKWHU LQ ODZ EURWKHU LQ ODZ RU VLVWHU LQ ODZ LQFOXGLQJ DGRSWLYH UHODWLRQVKLSV RU DQ\ SHUVRQ VKDULQJ WKH 3DUWLFLSDQW¶V KRXVHKROG RWKHU WKDQ D WHQDQW RU HPSOR\HH S ³,QFHQWLYH 6WRFN 2SWLRQ´ RU ³,62´ PHDQV DQ RSWLRQ WR SXUFKDVH VKDUHV RI &RPPRQ 6WRFN JUDQWHG XQGHU $UWLFOH ZKLFK LV GHVLJQDWHG DV DQ ,QFHQWLYH 6WRFN 2SWLRQ DQG LV LQWHQGHG WR PHHW WKH UHTXLUHPHQWV RI 6HFWLRQ RI WKH &RGH T ³,QYROXQWDU\ 7HUPLQDWLRQ :LWKRXW &DXVH´ PHDQV WKH GLVPLVVDO RU WKH UHTXHVW IRU WKH UHVLJQDWLRQ RI D 3DUWLFLSDQW E\ HLWKHU L D FRXUW RUGHU RUGHU RI DQ\ FRXUW DSSRLQWHG OLTXLGDWRU RU WUXVWHH RI WKH &RPSDQ\ RU WKH RUGHU RU UHTXHVW RI DQ\ FUHGLWRUV¶ FRPPLWWHH RI WKH &RPSDQ\ FRQVWLWXWHG XQGHU WKH IHGHUDO EDQNUXSWF\ ODZV SURYLGHG WKDW VXFK RUGHU RU UHTXHVW FRQWDLQV QR VSHFLILF UHIHUHQFH WR DFWLRQV RU RPLVVLRQV WKDW ZRXOG FRQVWLWXWH &DXVH RU LL D GXO\ DXWKRUL]HG FRUSRUDWH RIILFHU RI WKH &RPSDQ\ RU DQ\ 6XEVLGLDU\ RU E\ WKH %RDUG IRU DQ\ UHDVRQ RWKHU WKDQ IRU &DXVH U ³1DPHG ([HFXWLYH 2IILFHU´ PHDQV D 3DUWLFLSDQW ZKR LV FRQVLGHUHG D ³FRYHUHG HPSOR\HH´ IRU SXUSRVHV RI WKH 6HFWLRQ P ([FHSWLRQ