---
schema_version: "secwatch.filing_event.v1"
accession: "0000812011-25-000044"
form_type: "8-K"
ticker: "MTN"
cik: "0000812011"
company_name: "VAIL RESORTS INC"
filed_at: "2025-05-27T23:59:59+00:00"
generated_at: "2026-05-20T12:13:37.914577+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Vail Resorts reappoints Rob Katz CEO; Lynch departs; FY2025 EBITDA in lower half of guidance

## Summary
- Rob Katz returns as CEO effective May 22, 2025; he previously served as CEO from 2006-2021 and as Executive Chair.
- Kirsten Lynch steps down as CEO and director; she will serve as strategic advisor through Sep 26, 2025.
- Company reaffirms FY2025 guidance but expects Resort Reported EBITDA in lower half of prior range (excluding transition costs).
- Early season pass sales through May 26 consistent with trends from April 24 metrics release.
- Lynch receives severance benefits per employment agreement; no specific dollar amount disclosed.

## SEC filing metadata
- accession: 0000812011-25-000044
- form_type: 8-K
- ticker: MTN
- cik: 0000812011
- company_name: VAIL RESORTS INC
- filed_at: 2025-05-27T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/812011/000081201125000044/0000812011-25-000044-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/812011/000081201125000044/mtn-20250522.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000812011-25-000044
- JSON: https://secwatch.observer/filing/0000812011-25-000044.json
- Plain text: https://secwatch.observer/filing/0000812011-25-000044.txt

## Key facts
- Executive change
  Kirsten A. Lynch departed as Chief Executive Officer at VAIL RESORTS INC.
  - Action: departed
  - Role: Chief Executive Officer
  source text: the Company also announced the departure of Kirsten A. Lynch from her role as Chief Executive Officer of the Company, effective as of the Effective Date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/812011/000081201125000044/0000812011-25-000044-index.htm
- Executive change
  Robert A. Katz was appointed as Chief Executive Officer at VAIL RESORTS INC.
  - Action: appointed
  - Role: Chief Executive Officer
  source text: The Board of Directors (the “Board”) of Vail Resorts, Inc. (“Vail Resorts” or the “Company”) has appointed Robert A. Katz, current Executive Chairperson of the Board, to succeed Kirsten A. Lynch as Chief Executive Officer of the Company, effective May 22, 2025
  evidence_url: https://www.sec.gov/Archives/edgar/data/812011/000081201125000044/0000812011-25-000044-index.htm

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