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Vail Resorts 8-K Filings

MTN NYSE

Every 8-K that Vail Resorts (MTN) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 8-K covers material events a company has to report between its quarterly reports, so if you follow MTN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MTN filings page.

Rhea-AI Summary

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.

Rhea-AI Summary

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.

Rhea-AI Summary

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.

Rhea-AI Summary

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.

Rhea-AI Summary

Vail Resorts, Inc. reported challenging ski season trends for its North American destination resorts and regional ski areas for the season-to-date period through April 19, 2026, compared with the prior year period through April 20, 2025.

Season-to-date total skier visits were down 14.9%, while total lift revenue, including allocated season pass revenue, declined 5.6%. Ski school revenue fell 12.0%, dining revenue declined 11.7%, and retail/rental revenue at North American resort and ski area locations decreased 6.6%.

Management cited record low snowfall and unusually warm temperatures across the western U.S., with Rockies visitation down 25%, and now expects Resort Reported EBITDA for fiscal 2026 to be at or around the low end of the guidance range issued on March 9, 2026. Spring pass sales for the 2026/2027 season are showing a moderate decline in units and a slight decline in sales dollars through April 12, 2026.

Rhea-AI Summary

Vail Resorts, Inc. is sharing information from its 2026 investors’ conference. On March 17, 2026, members of the management team are meeting with investors and using an investor presentation that has been posted in the Investor Relations section of the company’s website at http://investors.vailresorts.com.

The company states that this investor presentation and related information are being provided under Regulation FD and are considered “furnished,” not “filed,” under securities laws. As a result, they are not automatically incorporated into any of Vail Resorts’ registration statements unless specifically referenced there.

Rhea-AI Summary

Vail Resorts reported weaker second-quarter fiscal 2026 results and cut its full-year outlook. Net income attributable to Vail Resorts was $210.0 million, down from $244.4 million a year ago, and Resort Reported EBITDA fell to $421.3 million from $459.7 million as historically poor snowfall and warmer temperatures reduced visitation and spending.

Season-to-date through March 1, total skier visits were down 11.9%, while lift revenue declined only 3.6%, reflecting support from advance pass sales. The company now expects fiscal 2026 net income of $144–$190 million and Resort Reported EBITDA of $745–$775 million, implying a midpoint Resort EBITDA margin of 26.4%, below prior expectations.

Despite weather-driven pressure, Vail Resorts highlighted strong liquidity of about $1.1 billion and Net Debt at 3.1x trailing twelve months Total Reported EBITDA. The company repurchased approximately 0.3 million shares for $45.0 million, refinanced into a new $1,275.0 million term loan at a lower rate, and declared a $2.22 per share quarterly dividend payable April 9, 2026.

Rhea-AI Summary

Vail Resorts, Inc. entered into a Tenth Amended and Restated Credit Agreement that replaces its existing term loan facilities with a new $1,275,000,000 senior term loan facility.

The agreement extends the revolver and term loan maturities to the earlier of five years from closing or ninety days before the maturity of its 5.625% senior notes due 2030, and lowers borrowing costs by revising the leverage-based pricing grid and removing a 0.10% credit spread adjustment on certain reference-rate loans.

Rhea-AI Summary

Vail Resorts, Inc. furnished an update on its current ski season, sharing certain ski season metrics for the season-to-date period ended January 4, 2026. The company provided this information through a press release dated January 15, 2026, which is included as Exhibit 99.1 and incorporated by reference.

The disclosure is made as a Regulation FD item, meaning it is intended to provide broad, simultaneous access to this operational update. The company also clarifies that this information, including Exhibit 99.1, is furnished rather than filed and will only be incorporated into future Securities Act registration statements if specifically identified there.

Rhea-AI Summary

Vail Resorts, Inc. reported the results of its Annual Meeting held on December 9, 2025. Stockholders elected all nine director nominees, including Reginald Chambers, Susan L. Decker, Robert A. Katz and others, each receiving over 29.7 million votes for and relatively few votes against.

Stockholders also ratified the selection of PricewaterhouseCoopers LLP as the company’s independent registered public accounting firm for the fiscal year ending July 31, 2026, with 32,953,909 votes for and 782,785 against. In addition, on an advisory basis, investors approved the compensation of the company’s named executive officers, with 30,133,974 votes for and 1,035,376 against, indicating broad support for current executive pay practices.

Rhea-AI Summary

Vail Resorts, Inc. filed a current report to announce that it has released financial results for the three months ended October 31, 2025, which is its fiscal 2026 first quarter. The company reported these quarterly results in a press release dated December 10, 2025.

The press release detailing Vail Resorts’ fiscal 2026 first quarter performance is furnished as Exhibit 99.1 to this report and is incorporated by reference, making it the primary source for the company’s latest earnings information.

Rhea-AI Summary

Vail Resorts, Inc. has appointed Celeste Burgoyne as Executive Vice President and Chief Revenue Officer, effective January 26, 2026, under a new Executive Employment Agreement. She joins from lululemon athletica inc., where she led the Americas business and global guest innovation.

Her compensation includes an initial base salary of $900,000, a one-time sign-on cash bonus of $700,000 subject to repayment if she is terminated for cause or resigns within her first year, and a sign-on equity package of restricted share units valued at $2,150,000 vesting after one year and $2,834,000 vesting in three annual installments. She is eligible for an annual incentive target bonus of 75% of base salary and a target annual long-term equity grant of about $3,425,000, split between RSUs and share appreciation rights that vest over three years.

If terminated without cause or she resigns for good reason, she will receive the greater of benefits under the executive severance policy or 12 months of base salary, with additional equity vesting protections and an extra cash amount in certain change in control terminations. The agreement also includes post-employment non-competition, non-solicitation, and confidentiality covenants.

Rhea-AI Summary

Vail Resorts, Inc. reported that directors John F. Sorte and John T. Redmond informed the company's Board on September 25, 2025 that they will not stand for re-election at the end of their current terms at the 2025 Annual Meeting of Stockholders. Until their terms end (or earlier if the Board decides otherwise), Mr. Sorte will continue serving on the Audit Committee, Executive Committee, and Nominating & Governance Committee, and Mr. Redmond will continue serving on the Audit Committee. The filing states their decisions were not due to any disagreement with the company on operations, policies, or practices. A press release dated September 29, 2025 is attached as Exhibit 99.1.

Rhea-AI Summary

Vail Resorts amended its prior report to disclose an Executive Employment Agreement with CEO Robert A. Katz effective September 26, 2025. The agreement has an initial three-year term with automatic one-year renewals, an initial $1,000,000 base salary, and participation in the Management Incentive Plan with a target cash bonus equal to 100% of base salary. Earlier June 4, 2025 equity awards totaled $1,686,831 (6,144 RSUs and 25,086 premium SARs at a $169.64 exercise price). Termination protections include two years' base salary, prorated bonus, one year COBRA, full vesting on certain terminations, and two-year non-compete/non-solicit restrictions.

Rhea-AI Summary

Vail Resorts, Inc. filed a current report describing that it has released its financial results for the three months and fiscal year ended July 31, 2025. On September 29, 2025, the company issued a press release covering its fiscal fourth quarter and full-year 2025 performance.

The report directs readers to Exhibit 99.1, which contains the full press release with detailed financial and operating results. This 8-K primarily serves to formally furnish that earnings information to investors and regulators.