MercadoLibre (MELI) Proxy Filing summary

Executive summary

• Surpassed 100 million unique active buyers and 61.2 million monthly fintech users in 2024, reflecting strong growth in commerce and financial services across Latin America.

• Focused on democratizing commerce and financial services, supporting over 1.8 million families and 574,000 SMEs, and integrating sustainability into business strategy.

• Celebrated 25 years of operations, emphasizing culture, innovation, and long-term value creation.

Voting matters and shareholder proposals

• Election of Class I and Class III directors, advisory vote on executive compensation, ratification of independent auditor, and approval of redomestication from Delaware to Texas.

• Board recommends voting for all proposals, including the Texas redomestication to align legal domicile with operational focus.

Board of directors and corporate governance

• Board consists of nine members, with a majority classified as independent under NASDAQ rules.

• Regular board refreshment, with five new directors since 2015 and a new nominee for 2025.

• Board leadership combines CEO/Chairman roles with a lead independent director for oversight.

• Three principal standing committees: audit, compensation, and nominating/corporate governance, all with independent members.

• Code of ethics updated in 2023, including ESG, trade compliance, and human rights provisions.