Vail Resorts, Inc. filed Definitive Additional Materials (DEFA14A) on October 30, 2026, disclosing an email sent by the Chairperson and Chief Executive Officer to employees regarding a contested director election at the company's 2026 annual meeting of stockholders.

Key Highlights

  • Contested election: Oasis Management nominated four candidates and shareholder Gregory Meyer nominated himself, resulting in five shareholder-nominated candidates opposing Vail Resorts' nine Board-recommended nominees.
  • Board opposition: According to the filing, the Board "does not believe any of the five nominees are positioned to serve the long-term interests of our Company and our shareholders."
  • Matthew Prince connection: The filing states the Board has "serious concerns" about the connection between Oasis and Matthew Prince, who the filing says "has long advocated for dismantling our integrated network" and "has publicly stated he would like an activist to take over our Board and sell Park City Mountain to him."
  • Baron Capital support: The filing quotes Baron Capital, described as Vail Resorts' largest shareholder and a shareholder for 30 years, expressing support for the Board and its strategy.
  • Annual Meeting date: The shareholder Annual Meeting is scheduled for December 14, according to the filing.
  • Season opening: The email notes that Keystone resort officially opened, marking the start of the 2026/27 ski season.

Vail Resorts CEO Outlines Board's Position on Oasis Management Nominees

On October 30, 2026, Vail Resorts, Inc. (NYSE:MTN) filed Definitive Additional Materials with the SEC consisting of an email from the Chairperson and Chief Executive Officer, identified as "Rob," addressed to company employees. The email describes a contested Board election stemming from shareholder nominations received during the company's annual shareholder nomination window. Four nominations came from Oasis Management, described as one of Vail Resorts' shareholders, and one additional nomination came from shareholder Gregory Meyer, who nominated himself.

The filing states that on October 30, 2026, Vail Resorts filed its proxy statement and issued a press release including a letter to shareholders. According to the email, those materials detail "the significant actions we have taken over the past year and a half to strengthen the business" and progress through what the company refers to as its "Epic Experience" strategy. The Board's position, as described in the email, is that it "strongly believes we have the right strategy, leadership, and oversight to build on recent momentum." The email also discloses that the Board conducted "a thorough review of all nominees."

The CEO's email includes a direct excerpt from Baron Capital, described as Vail Resorts' largest shareholder and one that has held shares for 30 years. The quoted passage states: "I believe that Vail Resorts has the right strategy to return to sustainable earnings growth and that there are meaningful opportunities that are not reflected in the stock today." The email encourages employees who own Vail Resorts stock to read the proxy materials and to vote ahead of the December 14 Annual Meeting. No financial results or operational figures were included in the filing.

What Was Disclosed

Vail Resorts filed an employee email from its CEO on October 30, 2026, disclosing a contested Board election at its 2026 annual meeting, the Board's opposition to five shareholder-nominated candidates, concerns about Oasis Management's connections, and Baron Capital's stated support for the current Board and strategy.