---
schema_version: "secwatch.filing_event.v1"
accession: "0000812011-21-000128"
form_type: "8-K"
ticker: "MTN"
cik: "0000812011"
company_name: "VAIL RESORTS INC"
filed_at: "2021-11-01T23:59:59+00:00"
generated_at: "2026-06-28T15:59:08.799391+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000812011-21-000128
- form_type: 8-K
- ticker: MTN
- cik: 0000812011
- company_name: VAIL RESORTS INC
- filed_at: 2021-11-01T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/812011/000081201121000128/0000812011-21-000128-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/812011/000081201121000128/mtn-20211027.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000812011-21-000128
- JSON: https://secwatch.observer/filing/0000812011-21-000128.json
- Plain text: https://secwatch.observer/filing/0000812011-21-000128.txt

## Key facts
- Executive change
  Robert A. Katz changed role as Executive Chairperson at VAIL RESORTS INC.
  - Action: transitioned
  - Role: Executive Chairperson
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/812011/000081201121000128/0000812011-21-000128-index.htm
- Executive change
  Kirsten A. Lynch was appointed as Chief Executive Officer at VAIL RESORTS INC.
  - Action: appointed
  - Role: Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/812011/000081201121000128/0000812011-21-000128-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.