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Vail Resorts, Inc. (MTN) reports that director Sue Decker has informed the Board that she will not stand for reelection at the Company’s 2026 Annual Meeting of Stockholders, concluding approximately eleven years of service. She will continue serving, including on the Compensation Committee, until the end of her current term or until the Board determines otherwise. In connection with her decision, the Board approved a reduction in its size to nine members effective as of the 2026 Annual Meeting, and the Nominating & Governance Committee, with an independent search firm, is seeking an additional independent director, with the Board currently expecting to restore its size to ten members in early 2027.
Baron Capital Group, Inc., together with subsidiaries BAMCO, Inc. and Baron Capital Management, Inc., Ronald Baron, and two affiliated funds report significant ownership in Vail Resorts, Inc. common stock. The group reports beneficial ownership of 6,536,697 shares, representing 18.34 % of the outstanding common stock.
All voting and dispositive authority is reported as shared, with 6,465,654 shares subject to shared voting power and 6,536,697 shares subject to shared dispositive power, and no sole power. The economic interest resides with advisory clients of BAMCO and Baron Capital Management, including Baron Generational Growth Fund and Baron Partners Fund, while Ronald Baron holds a controlling interest in Baron Capital Group.
Oasis Management Company Ltd. and Seth Fischer report beneficial ownership of 2,329,018 shares of Vail Resorts, Inc. common stock. These shares are held by an Oasis fund, with Oasis Management acting as investment manager and Mr. Fischer supervising its investment activities.
The position represents 6.5% of Vail Resorts’ common stock, based on 35,633,526 shares outstanding as of June 3, 2026. The reporting persons have shared voting and shared dispositive power over all 2,329,018 shares, and no sole voting or dispositive power. They state that filing this report does not constitute an admission of beneficial ownership under Section 13.
HORNBUCKLE WILLIAM reported acquisition or exercise transactions in this Form 4 filing.
Vail Resorts Inc director William Hornbuckle received a grant of 249 Restricted Share Units on August 3, 2026. Each unit represents one share of common stock and was awarded at no cash cost. The RSUs vest in a single installment on August 3, 2027, leaving him with 249 RSUs directly held.
VAIL RESORTS INC has an initial insider ownership report for William Hornbuckle, who is identified as a director and not an officer or 10% owner. The report lists no transactions, holdings, or derivative positions in Vail Resorts securities and includes an Exhibit 24 Power of Attorney.
Vail Resorts, Inc. appointed William (Bill) Hornbuckle to its Board of Directors, effective August 3, 2026, and increased the Board size from nine to ten members. Hornbuckle, age 68, is CEO and President of MGM Resorts International and brings extensive hospitality and resort-operations experience.
He will serve as a non-employee director under the company’s standard compensation arrangements for non-employee directors, with no related party transactions or appointment arrangements requiring disclosure under Item 404(a) of Regulation S-K. A press release dated July 30, 2026, provides additional background and the company’s expectations for his contributions.
Vail Resorts, Inc. disclosed that Chairperson and CEO Rob Katz has released a new episode of his Epic by Nature podcast titled “The Strength of our Network: What It Means for Employees, Guests, and Shareholders.” The episode is available on multiple streaming platforms.
The company notes that the podcast includes forward-looking statements about future performance, opportunities, key initiatives, and strategies. These statements are subject to risks and uncertainties described in Vail Resorts’ most recent Form 10-K and Form 10-Q, and are furnished under Regulation FD rather than filed.
Vail Resorts reported lower results for the quarter ended April 30, 2026, as weak Western U.S. snowfall hurt visitation. Total net revenue was $1.21 billion versus $1.30 billion a year earlier. Net income attributable to Vail Resorts declined to $314.4 million, with diluted EPS of $8.81 versus $10.46.
Resort Reported EBITDA fell to $586.4 million from $647.7 million, as skier visits dropped 15.5%. This was partly offset by a $25.1 million increase in North American pass revenue and tight cost control, including lower labor and variable expenses. For the nine months, net income attributable to Vail Resorts was $337.7 million versus $460.9 million.
The company ended the quarter with $371.4 million of cash and cash equivalents and $5.69 billion of total assets. It repaid $525.0 million of 0.0% Convertible Notes using a new $1.275 billion term loan and cash, and generated $582.7 million of operating cash flow year-to-date. Quarterly dividends were $2.22 per share, and pass sales for the 2026/2027 season were down in units but only modestly lower in dollars.
Vail Resorts reported weaker third-quarter fiscal 2026 results and cut its full-year outlook after a historically poor snow season in the western U.S. Q3 net income attributable to Vail Resorts was $314.4 million, down from $389.7 million, as Resort net revenue fell 7% to $1.21 billion.
Resort Reported EBITDA declined to $586.4 million from $647.7 million, with total skier visits down 15.5% while ticket pricing (ETP) rose 12%. Lodging performance was soft, with Lodging Reported EBITDA nearly halved. Management cited unfavorable weather and lower destination visitation, partly offset by cost controls.
The company reduced fiscal 2026 guidance and now expects net income of $128 million to $162 million and Resort Reported EBITDA of $735 million to $755 million. North American pass units for 2026/2027 are down about 10%, but Epic Australia Pass sales rose more than 25%. Net debt is $2.65 billion, or 3.5x trailing Total Reported EBITDA. The board declared a $2.22 per share quarterly dividend and reaffirmed a 2026 capital plan of roughly $234 million to $239 million.
Vail Resorts CEO Robert A. Katz reported routine equity compensation activity. He exercised 2,048 Restricted Share Units (RSUs) into common stock, then had 589 shares withheld to cover tax obligations at $134.40 per share. After these non-market transactions, he directly holds 286,771 shares of Vail Resorts common stock.