Vail Resorts finalizes CEO change; Katz to Executive Chair, Lynch appointed CEO

VAIL RESORTS INC

Robert A. Katz transitioned to Executive Chair; former CEO employment agreement terminated effective Nov 1, 2021.
Kirsten A. Lynch named CEO with base salary $1M, target annual bonus 100%, initial LTI grant ~$4.5M (50% RSUs, 50% SARs with 10% premium strike price).
Lynch's employment agreement has a three-year initial term; severance includes 24 months base salary upon termination without cause or for good reason.
Vail Holdings exited the temporary waiver period under its credit agreement; will comply with financial covenants starting Q1 FY2022.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Robert A. Katz

Executive Chairperson

MTN · VAIL RESORTS INC

Effective: 2021-11-01
Successor: Kirsten A. Lynch
Filed: November 1, 2021, 7:59 PM ET

As previously announced, Mr. Katz transitioned from Chief Executive Officer of the Company to Executive Chairperson of the Board effective as of the Effective Date.

Appointed

Kirsten A. Lynch

Chief Executive Officer

MTN · VAIL RESORTS INC

Effective: 2021-11-01
Filed: November 1, 2021, 7:59 PM ET

Also on October 27, 2021, the Company entered into an Executive Employment Agreement (the “Employment Agreement”) with Kirsten A. Lynch, which will take effect on the Effective Date and govern the terms of her employment as Chief Executive Officer of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Robert A. Katz changed role as Executive Chairperson at VAIL RESORTS INC.

Action: transitioned
Role: Executive Chairperson

Exact text from the filing

As previously announced, Mr. Katz transitioned from Chief Executive Officer of the Company to Executive Chairperson of the Board effective as of the Effective Date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Kirsten A. Lynch was appointed as Chief Executive Officer at VAIL RESORTS INC.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

Also on October 27, 2021, the Company entered into an Executive Employment Agreement (the “Employment Agreement”) with Kirsten A. Lynch, which will take effect on the Effective Date and govern the terms of her employment as Chief Executive Officer of the Company.

View on SEC.gov

VAIL RESORTS INC filing history →

Source: SEC EDGAR

accession 0000812011-21-000128

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