Vail Resorts, Inc. filed a definitive proxy statement on October 30, 2026, ahead of its Annual Meeting of Stockholders scheduled for December 14, 2026, disclosing competing director nomination campaigns from Oasis Investments II Master Fund Ltd. and Gregory S. Meyer.

Key Highlights

  • Annual Meeting date: December 14, 2026, with the Board recommending nine company nominees for election as directors.
  • Competing nominations: Oasis Investments II Master Fund Ltd. has nominated Robert A. Chapek, M. Ashton Hudson, Bryce Roberts, and Picabo Street; Gregory S. Meyer has nominated himself.
  • Board opposition: The Board "does NOT endorse any of the Oasis Nominees or the Meyer Nominee" and urges shareholders to vote using the WHITE proxy card only.
  • Fiscal 2026 snowfall impact: Snowfall in the Rockies was 55% below the 30-year average from early season through April, yet total lift revenue declined just 3.5% for the year, according to the filing.
  • Cost efficiency targets: The company expects to exceed its original $100 million annual cost efficiency target by end of fiscal 2027, with an additional $30 million in efficiency opportunities through an AI-focused Technology Transformation expected by end of fiscal 2028.
  • New director added: MGM Resorts International CEO Bill Hornbuckle joined as an independent director; Sue Decker announced she will step down at the 2026 Annual Meeting after 11 years of service.
  • Epic Experience strategy: Vail Resorts disclosed a new growth strategy called "Epic Experience," organized across five pillars: digital experience, gear, lessons, food and beverage, and talent investment.

Vail Resorts Faces Dual Proxy Contests Ahead of December Annual Meeting

According to the definitive proxy statement filed with the SEC on October 30, 2026, Vail Resorts (NYSE:MTN) is contesting director nominations from two separate parties at its upcoming Annual Meeting. Oasis Investments II Master Fund Ltd., together with its affiliates referred to as "Oasis" in the filing, has nominated four individuals: Robert A. Chapek, M. Ashton Hudson, Bryce Roberts, and Picabo Street. Separately, Gregory S. Meyer has nominated himself. The Board's nine company nominees are 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.

Chairperson and CEO Robert A. Katz, in his letter accompanying the proxy materials, described fiscal 2026 as presenting one of the most challenging winter conditions on record across the western United States. Despite snowfall in the Rockies running 55% below the 30-year average from early season through April, the company reported that total lift revenue declined only 3.5% for the year. Katz attributed this relative stability to Vail Resorts' advance commitment model, its integrated resort network spanning 42 properties, disciplined cost management, and talent investments that the filing states drove record guest satisfaction scores.

The filing describes ongoing operational and strategic initiatives. The company's Resource Efficiency Transformation plan is expected to exceed an original $100 million annual cost efficiency target by end of fiscal 2027. An additional $30 million of efficiency opportunities has been identified through an AI-focused Technology Transformation, expected to be realized by end of fiscal 2028. The filing also references approximately $2 billion invested over the last decade in resort enhancements, including improvements at Park City Mountain. The newly disclosed "Epic Experience" strategy is described as focused on delivering a differentiated guest experience across digital tools, rental gear, ski lessons, mountain dining, and frontline staffing, with the My Epic app cited as a key component.

What Was Disclosed

Vail Resorts filed a definitive proxy statement covering its December 14, 2026 Annual Meeting, disclosing contested director elections from Oasis and Gregory S. Meyer, fiscal 2026 operational results in challenging snow conditions, cost efficiency targets, board refreshment activity, and the launch of the Epic Experience growth strategy.