secwatch.observer — SEC 8-K summary
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Issuer:     MERCADOLIBRE INC (MELI)
CIK:        0001099590
Form:       8-K
Filed at:   2024-04-23T23:59:59+00:00
Accession:  0001099590-24-000011
Event type: other
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MercadoLibre sets 2024 bonus performance goals and adopts long-term retention program for NEOs
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- 2024 bonus payout for NEOs based on net revenue, income from operations, TPV adjusted (constant dollars) and Competitive NPS.
- Target bonus for each NEO: 4 months base salary (33.33%), with individual performance adjustment of +/-50%.
- 2024 Long Term Retention Program awards: CEO Galperin $10M; Giménez & Rabinovich $3.5M each; de los Santos $2M; de la Serna $2.7M.
- LTRP pays 16.66% of half of target award annually for 6 years, starting Jan-Apr 2025, plus stock-price-linked variable component.
- LTRP payments require continued employment; accelerated vesting on change in control or covered termination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1099590/000109959024000011/0001099590-24-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1099590/000109959024000011/meli-20240418.htm
  HTML page:      https://secwatch.observer/filing/0001099590-24-000011

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer