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

Issuer:     MERCADOLIBRE INC (MELI)
CIK:        0001099590
Form:       8-K
Filed at:   2022-08-05T23:59:59+00:00
Accession:  0001171843-22-005422
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

MercadoLibre board sets independent director compensation; authorizes $960K annual repurchases
--------------------------------------------------------------------------------

- Independent directors receive $72K cash + $120K restricted stock annually for 2022-2024.
- Committee chairs earn additional fees: audit/comp chairs $21.9K, lead director $30K, nominating chair $15K.
- Authorized repurchases up to $960K on Aug 8, 2022, and each June 12 in 2023 and 2024 under Rule 10b5-1.
- Restricted stock vests at first annual meeting post-grant; forfeitable if director does not complete service year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1099590/000117184322005422/0001171843-22-005422-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1099590/000117184322005422/f8k_080522.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-005422

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