
![012234 567816329185
( # . % ",/0 1# # 234 5 . &
6# # # # # ( # (# &
6# # ( 7( ) ) 8 #
&" ) ! ) # # -# * 4 $ !
) # 9 $ # # : " # (# !
# ) (# &' ( (# 9 # # !
< ! " =>&?( 1# 34 1#
3@<':, " &' " (#
9 =A ! =B&A # ! ( # -# $ # #
# (# 1 ! !( ( )% # $ &
, ) $ # # ! ) # 9 # # # (
&* 9 # # !
" + # # ) # # # 9 $ !
1 $ # &, ) !) ) #
' ' .A! ) # # # # ) &
6# ( ) # $ # % ! #
9 # &* $ (# $ 7( ) )
&8' ' ; # ) !
CDEFGDHIJCKKGEE
RFMSPTQPUGDGVEFQWGMPL
CLMNIJOPQQDKQQ
RFSQVXYQZ[ES\Q]VVSZQPMDL^PQUSLQDE](/slgn/slgn-shareholder-letter-20250417-page-3.png)
010234456789
012234 567816329185
( # . % ",/0 1# # 234 5 . &
6# # # # # ( # (# &
6# # ( 7( ) ) 8 #
&" ) ! ) # # -# * 4 $ !
) # 9 $ # # : " # (# !
# ) (# &' ( (# 9 # # !
< ! " =>&?( 1# 34 1#
3@<':, " &' " (#
9 =A ! =B&A # ! ( # -# $ # #
# (# 1 ! !( ( )% # $ &
, ) $ # # ! ) # 9 # # # (
&* 9 # # !
" + # # ) # # # 9 $ !
1 $ # &, ) !) ) #
' ' .A! ) # # # # ) &
6# ( ) # $ # % ! #
9 # &* $ (# $ 7( ) )
&8' ' ; # ) !
CDEFGDHIJCKKGEE
RFMSPTQPUGDGVEFQWGMPL
CLMNIJOPQQDKQQ
RFSQVXYQZ[ES\Q]VVSZQPMDL^PQUSLQDE
4/17/2025 Letter Continued (Full PDF)