Vail Resorts, Inc. filed definitive additional proxy materials on October 30, 2026, urging shareholders to vote for the company's nine director nominees and against four candidates put forward by Oasis Management ahead of the Annual Meeting of Stockholders scheduled for December 14, 2026.

Key Highlights

  • Annual Meeting date: The meeting is scheduled for December 14, 2026, with a record date of October 19, 2026.
  • Board opposition to Oasis nominees: The Vail Resorts Board determined that Oasis Management's director nominees "lack the qualifications necessary to advance Vail Resorts' strategy and enhance value creation," according to the filing.
  • Matthew Prince connection: The filing states that two of Oasis Management's nominees "were introduced to Oasis Management by Mr. Prince approximately one week before their nominations," and that Prince has "publicly stated he would like an activist to take over the Board and sell Park City Mountain to him."
  • Ron Baron support: The filing quotes Ron Baron of Baron Capital, described as the company's "largest and 30-year shareholder," stating he will vote for Vail Resorts' nominees and "strongly oppose" the Oasis candidacies.
  • CEO return: According to the filing, the Board brought Rob Katz back as CEO in May 2025; his prior tenure as CEO ran from 2006 to 2021.
  • Network scale: The filing states the company operates an integrated network of 42 owned and operated resorts.
  • Epic Experience strategy: The filing notes the strategy was announced in July 2026 and is described as centered on making "every part of the mountain journey more seamless, personalized, and memorable."

Vail Resorts Board Mounts Proxy Defense Against Oasis Management Campaign

Vail Resorts, Inc. (NYSE:MTN) filed definitive additional proxy materials with the SEC on October 30, 2026, consisting of a press release and a letter from its Board of Directors addressed to shareholders. The filing urges shareholders to vote on the WHITE proxy card "FOR" ALL of the company's nine director nominees at the upcoming Annual Meeting and argues against five dissident nominees in total, four put forward by Oasis Management and one described as "self-nominated shareholder Gregory Syvert Meyer."

The Board's letter characterizes Oasis Management's involvement as connected to Matthew Prince, whom the filing describes as having "long advocated for dismantling Vail Resorts' integrated network." The letter states that Prince has publicly said he wants "an activist to take over the Board and sell Park City Mountain to him," and that this connection "raises serious questions about the independence and judgment of all their nominees." The filing does not attribute independent verification to these characterizations; they are presented as the Board's own views. The filing also quotes Ron Baron, identified as the company's largest shareholder, expressing opposition to the Oasis nominees and specifically naming Bob Chapek as one whose candidacy he opposes.

In describing its own performance, the filing states that despite "one of the most challenging winters in history across the western U.S.," the company achieved "record guest satisfaction scores" during Fiscal 2026, outperformed the broader industry in lift-ticket visitation, and, according to third-party data cited in the filing, is outperforming the industry in pass sales for the upcoming season. The filing also notes the November 2025 hire of Celeste Burgoyne as Executive Vice President and Chief Revenue Officer and the July 2026 announcement of the Epic Experience growth strategy. The filing contains forward-looking statements that are the company's own and subject to its cautionary language.

What Was Disclosed

Vail Resorts filed definitive additional proxy materials on October 30, 2026, including a shareholder letter opposing Oasis Management's director nominees, defending its current Board and management strategy, and urging a vote for the company's nine nominees at the December 14, 2026 Annual Meeting.