Oct 19, 4:16 PM ET
Vail Resorts and its subsidiaries signed a First Amendment to the Tenth Amended and Restated Credit Agreement with Bank of America, N.A., as administrative agent, on October 16, 2026. The amendment removes the board composition provision from the credit agreement's Change of Control Transaction definition and removes the administrative agent's approval requirement for financial hedges. The filing does not state a financial effect, and the amendment's full text will be filed later.
- Agreement dated October 16, 2026, amends the credit agreement dated February 9, 2026
- Change of control definition no longer counts changes in a majority of the board over any twelve-month period
- Voting equity ownership and control triggers are unchanged
- Financial hedges no longer need administrative agent approval
Read the filing on SEC.gov ↗
Sep 28, 4:06 PM ET
Vail Resorts reported fiscal 2026 results for the year ended July 31, 2026, with net income attributable to the company falling to $147.5 million from $280.0 million, which it attributed mainly to weather. The company also gave fiscal 2027 guidance of $158 million to $233 million in net income and $805 million to $865 million in Resort Reported EBITDA, and said season pass unit sales were down about 12% through September 18, 2026.
- Fiscal 2026 net income attributable to Vail Resorts was $147.5 million, versus $280.0 million a year earlier; Resort Reported EBITDA was $745.7 million, versus $844.1 million.
- Fourth-quarter net loss attributable to Vail Resorts was $190.2 million, compared with a $182.4 million loss in the prior-year quarter.
- Fiscal 2027 guidance: net income attributable to Vail Resorts of $158 million to $233 million and Resort Reported EBITDA of $805 million to $865 million.
- Pass product units sold through September 18, 2026 fell about 12%, and sales dollars fell about 6%; the quarterly dividend is $2.22 per share, payable October 27, 2026.
Read the filing on SEC.gov ↗
Sep 2, 4:09 PM ET
Vail Resorts board member Sue Decker told the board she will not seek reelection when her term ends at the 2026 Annual Meeting of Stockholders, after eleven years of service. The company said her decision was not due to any disagreement with the company, and the board will shrink to nine members at that meeting, with a search for a new independent director underway.
- Sue Decker informed the board on September 2, 2026 that she will not stand for reelection
- Her term ends at the 2026 Annual Meeting of Stockholders; she will serve on the Compensation Committee until then or until the board decides otherwise
- Board size will fall to nine members effective at the 2026 Annual Meeting, with a new independent director expected in early 2027 to return it to ten
Read the filing on SEC.gov ↗
Jul 30, 4:25 PM ET
Vail Resorts appointed William Hornbuckle, CEO and President of MGM Resorts International, as a director on July 29, 2026, effective August 3, 2026. The Board expanded from nine to ten members to make room for him. As a non-employee director, he will receive the company's standard director compensation, and the filing reports no related party transactions.
- Board appointment made July 29, 2026, effective August 3, 2026; Board size increased from nine to ten members
- Hornbuckle, age 68, has been CEO, President and a director of MGM Resorts International since July 2020
- No arrangements or understandings tied to his appointment, and no related party transactions requiring disclosure
- Company press release dated July 30, 2026 is filed as Exhibit 99.1
Read the filing on SEC.gov ↗
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