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As filed with the Securities and Exchange Commission on August 10, 2020

(202)			872-7700
(Registrant's telephone number, including area code)

Securities registered pursuant to Section 12(g) of the Act: Class B voting common stock

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

Yes        o                                No          x

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.

Yes        o                                No           x

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes        ☒                              No           ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Yes        ☒                               No          ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company.  See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.  (Check one):

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes         ☐                               No           ☒

As of August 3, 2020, the registrant had outstanding 1,030,780 shares of Class A voting common stock, 500,301 shares of Class B voting common stock, and 9,201,754 shares of Class C non-voting common stock.

Table of Contents

PART I									4
Item 1.			Financial Statements			4
			Consolidated Balance Sheets			4
			Consolidated Statements of Operations			5
			Consolidated Statements of Comprehensive Income			6
			Consolidated Statements of Equity			7
			Consolidated Statements of Cash Flows			9
			Notes to Consolidated Financial Statements			10
Item 2.			Management's Discussion and Analysis of Financial Condition and Results of Operations			62
			Forward-Looking Statements			62
			Overview			63
			Use of Non-GAAP Measures			69
			Results of Operations			71
			Outlook			88
			Balance Sheet Review			93
			Risk Management			94
			Liquidity and Capital Resources			112
			Regulatory Matters			113
			Other Matters			114
			Supplemental Information			114
Item 3.			Quantitative and Qualitative Disclosures About Market Risk			119
Item 4.			Controls and Procedures			119
PART II									120
Item 1.			Legal Proceedings			120
Item 1A.			Risk Factors			120
Item 2.			Unregistered Sales of Equity Securities and Use of Proceeds			127
Item 3.			Default Upon Senior Securities			127
Item 4.			Mine Safety Disclosures			127
Item 5.			Other Information			127
Item 6.			Exhibits			128
Signatures						129