Vail Resorts, Inc. filed a definitive proxy statement on October 30, 2026, ahead of its 2026 Annual Meeting of Stockholders scheduled for December 14, 2026, urging shareholders to vote for nine company-nominated directors and against rival nominees put forward by Oasis Investments II Master Fund Ltd. and a separate individual, Gregory S. Meyer.

Key Highlights

  • Annual Meeting date: The 2026 Annual Meeting of Stockholders is scheduled for December 14, 2026.
  • Contested election: Oasis Investments II Master Fund Ltd. has nominated four candidates (Robert A. Chapek, M. Ashton Hudson, Bryce Roberts, and Picabo Street), while Gregory S. Meyer has nominated himself, both in opposition to the company's nine nominees.
  • Nine company nominees: The board recommends votes for Reginald A. Chambers, William J. Hornbuckle, Robert A. Katz, Iris Knobloch, Nadia N. Rawlinson, Michele Romanow, Hilary A. Schneider, D. Bruce Sewell, and Peter A. Vaughn.
  • Snowfall impact: According to the filing, Rockies snowfall was 55% below the 30-year average from early season through April, yet total lift revenue declined just 3.5% for fiscal 2026.
  • Cost efficiency target: The company disclosed it expects to exceed its original target of $100 million in annual cost efficiencies by the end of fiscal year 2027, with an additional $30 million in AI-focused Technology Transformation savings expected by end of fiscal 2028.
  • Board change: MGM Resorts International CEO Bill Hornbuckle was welcomed as a new independent director, while Sue Decker announced she will step down at the 2026 Annual Meeting after 11 years of service.
  • Resort network: The filing describes Vail Resorts as operating a network of 42 resorts with over 50,000 team members.

Vail Resorts' Proxy Contest and Strategic Direction Heading Into Annual Meeting

Vail Resorts, listed on the New York Stock Exchange as NYSE:MTN, filed its definitive proxy statement in connection with the 2026 Annual Meeting. The filing, signed by Chairperson and Chief Executive Officer Robert A. Katz, describes a contested director election in which Oasis Investments II Master Fund Ltd. has nominated four individuals and Gregory S. Meyer has separately nominated himself, all in opposition to the board's nine company nominees. According to the filing, the board "does NOT endorse any of the Oasis Nominees or the Meyer Nominee" and urges shareholders to use the enclosed WHITE proxy card to vote exclusively for the company's slate.

On business performance, the filing states that fiscal 2026 presented one of the most challenging winters on record in the western United States, with Rockies snowfall running 55% below the 30-year average from early season through April. Despite those conditions, the company reported that total lift revenue declined just 3.5% for the year. Katz attributed this resilience to what the filing calls the company's "advance commitment model," its network of 42 integrated resorts, and disciplined cost management. The filing also references record guest satisfaction scores and strong employee engagement as outcomes of talent investments made during the period.

The filing outlines the company's "Epic Experience" strategy, described as focused on five pillars: digital experience, gear, lessons, food and beverage, and talent. Specific initiatives cited include expanding the My Epic app into a personalized digital companion with native commerce, reimagining the gear rental experience, expanding ski school digitization, and introducing Epic Ascent as a premium private lesson offering. The company also disclosed it has appointed a new Chief Revenue Officer and revised its marketing approach to place individual resorts at the center of its storytelling. The filing notes that approximately $2 billion has been invested over the last decade in resort enhancements, including improvements at Park City Mountain.

What Was Disclosed

Vail Resorts filed a definitive proxy statement dated October 30, 2026, covering a contested board election, fiscal 2026 operating conditions, cost efficiency programs targeting over $130 million in combined savings, the Epic Experience guest strategy, and board composition changes ahead of the December 14, 2026 Annual Meeting.