UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) February 23, 2012
MercadoLibre, Inc.
(Exact name of registrant as specified in its charter)
| Delaware | 001-33647 | 98-0212790 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) | (IRS Employer Identification No.) |
| Arias 3751, 7th Floor Buenos Aires, Argentina C1430CRG |
| (Address and zip code of principal executive offices) |
Registrant's telephone number, including area code: 011-54-11-4640-8000
________________________________________________________________________________
(Former name or former address, if changed since last report)
| Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): |
||
| [ ] | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
| [ ] | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
| [ ] | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
| [ ] | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |
Item 8.01. Other Events.
On February 23, 2012 MercadoLibre, Inc. (the "Company") announced that its Board of Directors declared a quarterly cash dividend of $0.109 per share, payable to holders of the Company's common stock. This quarterly cash dividend will be paid on April 16, 2012 to stockholders of record as of the close of business on March 30, 2012.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| MercadoLibre, Inc. (Registrant) |
||
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Date: February 23, 2012 |
By: | /s/ PEDRO ARNT PEDRO ARNT Chief Financial Officer |
EXHIBIT 99.1
BUENOS AIRES, Argentina, Feb. 23, 2012 (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (Nasdaq:MELI) (http://www.mercadolibre.com), Latin America's leading e-commerce technology company, today announced that its Board of Directors has increased the Company's quarterly cash dividend by 36% to $0.109 per share from the previous quarterly rate of $0.08 per share.
Marcos Galperin, President and Chief Executive Officer of MercadoLibre, Inc., said, "We are pleased that our Board of Directors has authorized this increase in our quarterly cash dividend. We remain confident in the Company's ability to produce sufficient cash to pursue our aggressive growth plans and protect the Company should it face difficulties, while at the same time rewarding shareholders with an increased dividend payment. This increase in the Company's quarterly cash dividend is consistent with the Company's dividend policy and with our intent to adjust our annual dividend rate roughly in line with our growth in net income."
The cash dividend policy and the payment of future cash dividends under that policy will be made at the discretion of the Company's Board of Directors and will depend on earnings, operating and financial conditions, capital requirements, and other factors deemed relevant by the Board, including the applicable requirements of the Delaware General Corporation Law and the best interests of MercadoLibre, Inc.'s stockholders.
About MercadoLibre
MercadoLibre.com is the leading internet trading platform in Latin America where millions of users meet to buy and sell a wide range of goods and services in an easy, entertaining, secure and efficient way. MercadoLibre has operations in 13 countries including Argentina, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Mexico, Panama, Peru, Uruguay, Venezuela and Portugal. MercadoLibre.com is the leading e-commerce platform in Latin America based on unique visitors and page views during 2011.
For more information about MercadoLibre.com, visit: http://investor.mercadolibre.com
The MercadoLibre, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4193
Forward-Looking Statements
Any statements contained in this press release that are not statements of historical fact, including statements about the company's beliefs and expectations, are forward-looking statements and should be evaluated as such. Such forward-looking statements reflect, among other things, the company's current expectations, plans, projections and strategies, anticipated financial results, future events and financial trends affecting the company's business, all of which are subject to known or unknown risk and uncertainties that may cause the company's actual results to differ materially from those expressed or implied by these forward-looking statements, including general market conditions, adverse changes in the company's markets as well as those risks and uncertainties included under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations," in the company's most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q that are on file with the Securities and Exchange Commission ("SEC") and are available on the SEC website at www.sec.gov. All information provided in this release and in the attachments is as of February 23, 2012 and MercadoLibre undertakes no duty to update this information. Because of the risks, uncertainties and assumptions, investors should not place undue reliance on any forward-looking statements.
CONTACT: MercadoLibre, Inc.
Investor Relations Contact:
Alejandro de Aboitiz
investor@mercadolibre.com
http://investor.mercadolibre.com
Media Relations Contact:
Valeria Bazzi
valeria.bazzi@mercadolibre.com