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<P align="center" style="font-size: 14pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
<FONT style="font-size: 12pt">Washington, D.C. 20549
</FONT></B>

<P align="center" style="font-size: 18pt"><B>FORM 8-K</B>

<P align="center" style="font-size: 12pt"><B>CURRENT REPORT<BR>
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</B>

<P align="center" style="font-size: 10pt"><B>Date of Report (Date of earliest event reported): February 20, 2009</B>

<P align="center">

<P align="center" style="font-size: 24pt"><B>MercadoLibre, Inc.<BR></B>
<FONT style="font-size: 10pt">(Exact name of registrant as specified in its charter)
</FONT>

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    <TD style="border-bottom: 1px solid #000000"><B>Delaware</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>001-33647</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>98-0212790</B></TD>
</TR>
<TR valign="top">
    <TD>(State or other Jurisdiction of Incorporation)</TD>
    <TD>&nbsp;</TD>
    <TD>(Commission File Number)</TD>
    <TD>&nbsp;</TD>
    <TD>(IRS Employer Identification No.)</TD>
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</TABLE>

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    <TD width="49%">&nbsp;</TD>
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    <TD style="border-bottom: 1px solid #000000"><B>Tronador 4890, 8<sup>th</sup> Floor<BR>Buenos Aires, Argentina<BR></B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>C1 430DNN</B></TD>
</TR>
<TR valign="top">
    <TD>(Address of Principal Executive Offices)</TD>
    <TD>&nbsp;</TD>
    <TD>(Zip Code)</TD>
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<P align="center" style="font-size: 10pt">Registrant&#146;s telephone number, including area code: <B>011-54-11-5352-8000</B>


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<TR>
    <TD nowrap>(Former name or former address if changed since last report.)</TD>
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<P align="left" style="font-size: 10pt">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:

<P align="left" style="font-size: 10pt">
<FONT face="Wingdings">&#111;</FONT> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>


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<P align="justify" style="font-size: 10pt"><B>Item&nbsp;5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.</B>


<P align="justify" style="font-size: 10pt"><I>Departure of Chief Financial Officer</I>


<P align="justify" style="font-size: 10pt; text-indent: 4%">On February&nbsp;20, 2009, MercadoLibre, Inc. (the &#147;Company&#148;) received notice from Nicol&#225;s Szekasy that he will resign
as Executive Vice President and Chief Financial Officer of the Company effective as of April&nbsp;1, 2009. Mr.&nbsp;Szekasy will
remain at the Company as a part-time employee until December&nbsp;31, 2009 in order to assist with the transition of his
office. Mr.&nbsp;Szekasy indicated that his resignation is not as a result of any disagreement with the Company on any
matter relating to the Company&#146;s operations, policies or practices.


<P align="justify" style="font-size: 10pt; text-indent: 4%">The board of directors of the Company has appointed Hern&#225;n Kazah, who currently serves as the Company&#146;s Executive
Vice President and Chief Operating Officer, to the position of Executive Vice President and Chief Financial Officer and
Stelleo Tolda, who currently serves as Senior Vice President and Country Manager&#151;Brazil, to the position of Executive
Vice President and Chief Operating Officer, each effective April&nbsp;1, 2009.


<P align="justify" style="font-size: 10pt; text-indent: 4%">On February&nbsp;23, 2009, the Company&#146;s board of directors, upon the recommendation of the compensation committee,
approved an 18% increase in Mr.&nbsp;Tolda&#146;s annual base salary for 2009, from approximately
$176,800 in 2008 to approximately $210,600 for
2009, in each case, estimated based on the Brazilian Reais exchange
rate published by The Central Bank of Brazil as of January&nbsp;31, 2009. Mr.&nbsp;Tolda will also be eligible to receive an
annual performance bonus for 2009 of up to 115% of his 2009 base salary. The terms of the 2009 compensation package
for the Company&#146;s other executive officers remained unchanged from 2008.


<P align="justify" style="font-size: 10pt; text-indent: 4%">For a detailed description of the Company&#146;s executive compensation programs and of the background and experience
of Messrs.&nbsp;Kazah and Tolda, please see the Company&#146;s Proxy Statement on Schedule&nbsp;14A filed with the Securities and
Exchange Commission on May&nbsp;8, 2008.

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<P align="center" style="font-size: 10pt; display: none">2
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<P align="center" style="font-size: 10pt"><B>SIGNATURE</B>



<P align="justify" style="font-size: 10pt; text-indent: 4%">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned hereunto duly authorized.

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    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left"><B>MERCADOLIBRE, INC.</B></TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left"><B>(Registrant)</B></TD>
</TR>

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    <TD colspan="3" valign="top" align="left">&nbsp;</TD>
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<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date: February&nbsp;26, 2009
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Marcos Galper&#237;n</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Marcos Galper&#237;n</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">President, Chief Executive Officer and<br>
Chairman of the Board</TD>
</TR>
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Filed by Bowne Pure Compliance
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 20, 2009
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.)
Tronador 4890, 8
th
Floor
Buenos Aires, Argentina
C1 430DNN
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number, including area code:
011-54-11-5352-8000
(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:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.
Departure of Chief Financial Officer
On February 20, 2009, MercadoLibre, Inc. (the "Company") received notice from Nicolás Szekasy that he will resign
as Executive Vice President and Chief Financial Officer of the Company effective as of April 1, 2009. Mr. Szekasy will
remain at the Company as a part-time employee until December 31, 2009 in order to assist with the transition of his
office. Mr. Szekasy indicated that his resignation is not as a result of any disagreement with the Company on any
matter relating to the Company's operations, policies or practices.
The board of directors of the Company has appointed Hernán Kazah, who currently serves as the Company's Executive
Vice President and Chief Operating Officer, to the position of Executive Vice President and Chief Financial Officer and
Stelleo Tolda, who currently serves as Senior Vice President and Country Manager—Brazil, to the position of Executive
Vice President and Chief Operating Officer, each effective April 1, 2009.
On February 23, 2009, the Company's board of directors, upon the recommendation of the compensation committee,
approved an 18% increase in Mr. Tolda's annual base salary for 2009, from approximately
$176,800 in 2008 to approximately $210,600 for
2009, in each case, estimated based on the Brazilian Reais exchange
rate published by The Central Bank of Brazil as of January 31, 2009. Mr. Tolda will also be eligible to receive an
annual performance bonus for 2009 of up to 115% of his 2009 base salary. The terms of the 2009 compensation package
for the Company's other executive officers remained unchanged from 2008.
For a detailed description of the Company's executive compensation programs and of the background and experience
of Messrs. Kazah and Tolda, please see the Company's Proxy Statement on Schedule 14A filed with the Securities and
Exchange Commission on May 8, 2008.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned hereunto duly authorized.
MERCADOLIBRE, INC.
(Registrant)
Date: February 26, 2009
By:
/s/ Marcos Galperín
Marcos Galperín
President, Chief Executive Officer and
Chairman of the Board
2