---
schema_version: "secwatch.filing_event.v1"
accession: "0000812011-25-000105"
form_type: "8-K/A"
ticker: "MTN"
cik: "0000812011"
company_name: "VAIL RESORTS INC"
filed_at: "2025-09-29T23:59:59+00:00"
generated_at: "2026-05-17T05:29:57.720682+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Vail Resorts finalizes CEO Robert Katz employment agreement: $1M base, $3M LTI target

## Summary
- Three-year term starting Sep 26, 2025, with automatic one-year renewals unless 60-day notice of non-renewal.
- Base salary $1,000,000; target annual cash bonus 100% of base salary under Management Incentive Plan.
- Target annual long-term incentive grant of ~$3,000,000 (50% RSUs, 50% SARs with 10% premium exercise price).
- Severance on termination without cause or for good reason: 24 months base salary lump sum, pro-rated bonus, COBRA, and full vesting of unvested equity.
- Prior one-time equity award of $1,686,831 (6,144 RSUs + 25,086 premium SARs) as disclosed in June 2025 amendment.

## SEC filing metadata
- accession: 0000812011-25-000105
- form_type: 8-K/A
- ticker: MTN
- cik: 0000812011
- company_name: VAIL RESORTS INC
- filed_at: 2025-09-29T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/812011/000081201125000105/0000812011-25-000105-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/812011/000081201125000105/mtn-20250522.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000812011-25-000105
- JSON: https://secwatch.observer/filing/0000812011-25-000105.json
- Plain text: https://secwatch.observer/filing/0000812011-25-000105.txt

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