Every material Form 8-K Vail Resorts filed with the SEC in 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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
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.
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
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
Vail Resorts reported third-quarter fiscal 2026 net income attributable to the company of $314.4 million, down from $389.7 million a year earlier, and Resort Reported EBITDA of $586.4 million, down from $647.7 million. The company reduced its fiscal 2026 guidance to net income of $128 million to $162 million and Resort Reported EBITDA of $735 million to $755 million, citing weather that hurt visitation and demand in the western U.S.
Q3 Resort Net Revenue decreased $90.4 million, or 7.0%, to $1,205.1 million, with total skier visits down 15.5%.
Fiscal 2026 net income guidance is $128 million to $162 million, and Resort Reported EBITDA guidance is $735 million to $755 million.
Pass product units sold through May 26, 2026 for the 2026/2027 season decreased approximately 10%, and sales dollars decreased approximately 5%.
The quarterly cash dividend of $2.22 per share is payable July 9, 2026 to holders of record as of June 25, 2026.
Vail Resorts reported lower second-quarter fiscal 2026 results, with net income attributable to the company down from a year earlier, and reduced its full-year fiscal 2026 guidance. The company attributed the results to the worst Rockies winter in its history, with lowest snowfall levels in more than 30 years at its Colorado and Utah resorts, and it declared a $2.22 quarterly dividend.
Q2 fiscal 2026 net income attributable to Vail Resorts was $210.0 million, compared with $244.4 million a year earlier.
Resort Reported EBITDA was $421.3 million, down 8.3% from $459.7 million, while resort net revenue fell 4.7% to $1.08 billion.
Fiscal 2026 guidance was cut to net income attributable of $144 million to $190 million and Resort Reported EBITDA of $745 million to $775 million.
Quarterly dividend of $2.22 per share is payable April 9, 2026, to shareholders of record as of March 26, 2026.
Vail Resorts subsidiary Vail Holdings entered into a Tenth Amended and Restated Credit Agreement on February 9, 2026, with Bank of America as administrative agent. The new $1.275 billion senior term loan replaces the existing term loan and a $275 million delayed draw term loan, extends maturities, and lowers borrowing interest rates.
New $1,275,000,000 senior term loan facility replaces existing term loan (about $885.9 million outstanding) and $275,000,000 delayed draw term loan
Revolver and term loan maturities extended to the earlier of five years from closing or 90 days before the 5.625% senior notes due 2030 mature, if those notes remain outstanding
Borrowing interest rate reduced by modifying the leverage-based pricing grid and removing the 0.10% credit spread adjustment
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Vail Resorts filing is on SEC EDGAR ↗. 8-K briefs of other companies →