secwatch.observer — SEC 8-K summary
======================================

Issuer:     MERCADOLIBRE INC (MELI)
CIK:        0001099590
Form:       8-K
Filed at:   2022-05-09T23:59:59+00:00
Accession:  0001171843-22-003461
Event type: other
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MercadoLibre Board sets 2022 bonus performance metrics and adopts long-term retention plan with executive target awards
--------------------------------------------------------------------------------

- 2022 Bonus Program NEO performance goals: Net Revenue, operating income, Mercado Pago transactions, Net Promoter Score.
- Target bonus for each NEO set at 33.33% of annual base salary (4 months) with +/-50% individual performance adjustment.
- 2022 Long Term Retention Program: six-year cash payments, half fixed annually and half tied to stock price appreciation.
- CEO Marcos Galperin target LTRP award $6,139,585; CFO Pedro Arnt $1,700,000; other NEOs $1.8M–$2.4M.
- Payments start between Jan 1 and Apr 30, 2023, subject to continued employment; accelerated vesting on Change in Control.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1099590/000117184322003461/0001171843-22-003461-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1099590/000117184322003461/f8k_050922.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-003461

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