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MERCADOLIBRE, INC.

(MELI)
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MERCADOLIBRE INC : Submission of Matters to a Vote of Security Holders (form 8-K)

06/09/2021 | 05:02pm EDT

Item 5.07. Submission of Matters to a Vote of Security Holders.

The Annual Meeting of Stockholders (the "Annual Meeting") of MercadoLibre, Inc. (the "Company") was held on June 8, 2021 for the following purposes:

· to elect the two Class II directors nominated and recommended by the Company's

   board of directors, each to serve until the 2024 Annual Meeting of Stockholders
   or until such time as their respective successors are elected and qualified;



· to approve, on an advisory basis, the compensation of the Company's named

   executive officers for fiscal year 2020; and



· to ratify the appointment of Deloitte & Co. S.A. as the Company's independent

   registered public accounting firm for the fiscal year ending December 31, 2021.



The number of issued and outstanding shares of the Company's common stock entitled to vote as of April 12, 2021, the record date for the Annual Meeting, was 49,852,319 shares. 41,771,684 shares of common stock were represented either in person or by means of remote communication or by proxy at the Annual Meeting, which were sufficient to constitute a quorum for the purpose of transacting business at the Annual Meeting.

At the Annual Meeting, the stockholders elected all two Class II director nominees, approved (on an advisory basis) the Company's executive compensation for fiscal year 2020 and ratified the appointment of Deloitte & Co. S.A. as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2021. The final voting results for each of the matters submitted to a vote of stockholders at the Annual Meeting are set forth below.

Proposal One - Election of two Class II Directors:




Nominee for Director     For     Withheld
Nicolás Galperin     35,170,777  3,145,661
Henrique Dubugras    38,094,605   221,833




In addition, there were 3,455,246 broker non-votes associated with the election of directors.

Proposal Two - Advisory Vote on the Compensation of our Named Executive Officers:




   For      Against  Abstain Broker Non-Votes
36,066,199 2,157,747 92,492     3,455,246




Proposal Three - Ratification of Appointment of Independent Registered Public Accounting Firm:




   For     Against Abstain Broker Non-Votes
41,341,614 390,278 39,792         *



* No broker non-votes arose in connection with Proposal Three.

© Edgar Online, source Glimpses

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Financials (USD)
Sales 2021 6 754 M - -
Net income 2021 120 M - -
Net cash 2021 852 M - -
P/E ratio 2021 686x
Yield 2021 0,00%
Capitalization 91 399 M 91 399 M -
EV / Sales 2021 13,4x
EV / Sales 2022 9,72x
Nbr of Employees 15 546
Free-Float 91,7%
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Mean consensus BUY
Number of Analysts 25
Last Close Price 1 838,59 $
Average target price 2 069,17 $
Spread / Average Target 12,5%
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Managers and Directors
Marcos Eduardo Galperin Chairman, President & Chief Executive Officer
Pedro Dornelles Arnt Chief Financial Officer & Executive Vice President
Daniel Rabinovich Chief Operating Officer & Executive Vice President
Emiliano Calemzuk Lead Independent Director
Mario Eduardo Vßzquez Independent Director
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