PKG Shareholder/Stockholder Letter Transcript:
012314564 89 9 1596 9 521
_` bcde fgh ijihklmk nhflgo`p pihji mp m om`mqkp`
rfh si it`hmfhluvmhkw xhfy nmozm{uv{ sm` ivpghip
`si pmri hmvpnfh` fr {fflp f uynmo`rgq lupnqmkp
`sm` ymtuyu|i }hmvl hiof{vu ufve fgh nhflgo`p mhi
lipu{vil mvl ymvgrmo`ghil f itoiil itnio`m`ufvp
mvl liqujih itoin`ufvmq hipgq p rfh fgh ogp`fyihpw
~hujiv }k fgh gv mjihuv{ ofyyu yiv` f itoiqqivoie
i hmvprfhy fhluvmhk nhflgo`p uv`f it`hmfhluvmhk
nihrfhymvoi rfh mqq fgh p`mzisfqlihp fgh iynqfkiipe
fgh ogp`fyihpe fgh uvjip`fhp mvl si ofyygvu uip uv
suos i fnihm`iw
()*+, ./00/1 ,2/.3 4, 54,267 /1
9:; <;= >?@A B9?CA DEC:FGH;
JKLMN PQM PRSTMN UVWXYZ[ \]^
3/27/2025 Letter Continued (Full PDF)