---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-003053"
form_type: "8-K"
ticker: "MELI"
cik: "0001099590"
company_name: "MERCADOLIBRE INC"
filed_at: "2023-05-08T23:59:59+00:00"
generated_at: "2026-06-15T12:12:07.963069+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# MercadoLibre adopts 2023 long-term retention plan with up to $22M in target awards for NEOs

## Summary
- 2023 Bonus Program performance goals: Net Revenue, Income from ops, Total Payment Volume, Competitive NPS in constant dollars.
- Each NEO's target bonus set at 4 months of base salary (33.33% of annual base pay); payout adjusted ±50% based on individual performance.
- 2023 Long Term Retention Program provides 6-year cash awards; CEO Marcos Galperin target $10M, Fintech President $3.5M, COO $3.5M, CFO $2.2M, Corporate Affairs EVP $2.7M.
- Annual payments: 16.66% of half of target plus a second variable portion linked to stock price appreciation vs $888.69 baseline.
- Program vests over 6 years; accelerated vesting upon Change in Control or qualifying termination (without cause or with good reason).

## SEC filing metadata
- accession: 0001171843-23-003053
- form_type: 8-K
- ticker: MELI
- cik: 0001099590
- company_name: MERCADOLIBRE INC
- filed_at: 2023-05-08T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1099590/000117184323003053/0001171843-23-003053-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1099590/000117184323003053/f8k_050823.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-003053
- JSON: https://secwatch.observer/filing/0001171843-23-003053.json
- Plain text: https://secwatch.observer/filing/0001171843-23-003053.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.