Gregory S. Meyer filed a definitive proxy statement on November 10, 2026, soliciting shareholder support for his election to the Board of Directors of Vail Resorts, Inc. at the company's 2026 Annual Meeting scheduled for December 14, 2026.

Key Highlights

  • Board candidacy: Meyer is seeking election to the Vail Resorts Board of Directors to serve until the 2027 annual meeting of stockholders.
  • Share ownership: Meyer beneficially owns 3,052.637 shares of Vail Resorts common stock, $0.01 par value per share, according to the filing.
  • Shares outstanding: As of the October 19, 2026 record date, there were 35,717,551 shares of common stock outstanding and entitled to vote.
  • Financial critique: The filing states that Resort Reported EBITDA in fiscal 2026 was 11% lower than in fiscal 2022, and the company's ratio of net debt to EBITDA "nearly doubled, from 2.0 times to 3.9 times" over five fiscal years.
  • Capital deployment: According to the filing, the company deployed approximately $1.4 billion on capital expenditures and acquisitions over the past five fiscal years, while return on invested capital fell from 14.0% to 9.0%.
  • Opposed nominee: Meyer urges shareholders to vote "WITHHOLD" on Company Nominee Peter A. Vaughn.
  • Self-funded candidacy: The filing states Meyer is "self-funded and unaffiliated with any outside investment fund."

Meyer's Case for a Board Seat at Vail Resorts

Gregory S. Meyer, filing as a party other than the registrant, submitted a definitive proxy statement under Schedule 14A to solicit proxies from shareholders of Vail Resorts, Inc. (NYSE:MTN) ahead of the 2026 Annual Meeting. The meeting is scheduled to be held virtually via live webcast on December 14, 2026, at 9 a.m. Mountain Time. The record date for determining shareholders entitled to vote was set by the company at the close of business on October 19, 2026.

According to the filing, Meyer argues that Vail Resorts "has been performing well below its potential on many levels." The proxy statement points to several financial metrics over the past five fiscal years: Resort EBITDA margin declined in each of the last four years, return on invested capital fell from 14.0% to 9.0%, and the net debt to EBITDA ratio "nearly doubled, from 2.0 times to 3.9 times." Meyer also notes that the company's stock price "today stands at less than half its value of five years ago," characterizations that are his own as stated in the proxy filing.

The filing discloses that the 2026 Annual Meeting involves a contested election, with nominees from three parties: Meyer, the company, and a third party identified as Oasis. Under universal proxy rules adopted by the SEC, the GOLD Universal Proxy Card includes all nominees, and shareholders may vote for up to nine director nominees in total. Meyer states he intends to vote his shares "FOR" his own election, "WITHHOLD" on Peter A. Vaughn, "FOR" ratification of PricewaterhouseCoopers LLP as auditor for the fiscal year ending July 31, 2027, "AGAINST" the advisory vote on executive compensation, and "FOR" an amendment to the company's 2024 Omnibus Incentive Plan.

What Was Disclosed

Meyer filed a definitive contested proxy statement seeking election to the Vail Resorts Board of Directors, disclosing his beneficial ownership of 3,052.637 shares, his voting intentions, and financial performance critiques of the company spanning five fiscal years.