secwatch.observer — SEC 8-K summary
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Issuer:     MERCADOLIBRE INC (MELI)
CIK:        0001099590
Form:       8-K
Filed at:   2023-05-08T23:59:59+00:00
Accession:  0001171843-23-003053
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1099590/000117184323003053/0001171843-23-003053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1099590/000117184323003053/f8k_050823.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-003053

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