8-KShareholder Matters

MERCADOLIBRE INC 8-K Report, Shareholder Vote Results (Jun 15, 2012)

Filed June 15, 2012For Securities:MELI

Summary

This 8-K filing from MercadoLibre, Inc. (MELI) on June 14, 2012, details the outcomes of its Annual Meeting of Stockholders held on June 13, 2012. The meeting focused on routine corporate governance matters, including the election of directors, an advisory vote on executive compensation, and the ratification of the company's independent auditor. Key outcomes indicate strong shareholder support for the company's proposed directors and the ratification of Deloitte & Co. S.R.L. as the independent registered public accounting firm for fiscal year 2012. The advisory vote on executive compensation also received a favorable response, reflecting general approval of the compensation packages by the shareholders present. The attendance constituted a quorum, allowing for the valid transaction of all business.

Key Highlights

  • 1Annual Stockholders' Meeting held on June 14, 2012.
  • 2Two Class II directors and one Class I director were elected to serve.
  • 3Shareholders provided an advisory vote on executive compensation.
  • 4Deloitte & Co. S.R.L. was ratified as the independent registered public accounting firm for FY 2012.
  • 5A quorum was established with 41,965,453 shares represented.
  • 6Strong shareholder support was evident for director nominees and the auditor ratification.
  • 7The advisory vote on executive compensation was approved on a non-binding basis.

Frequently Asked Questions

The Annual Meeting of Stockholders covered the election of directors (two Class II and one Class I), an advisory vote on executive compensation, and the ratification of the appointment of the independent registered public accounting firm for the fiscal year ending December 31, 2012.

Martín de los Santos and Nicolás Galperin were elected as Class II directors, and Susan Segal was elected as a Class I director.

Shareholders held an advisory vote on executive compensation, which was approved on a non-binding basis with a significant majority of votes in favor.

Deloitte & Co. S.R.L. was ratified by the shareholders as the company's independent registered public accounting firm for the fiscal year ending December 31, 2012.