secwatch.observer — SEC 8-K summary
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Issuer:     VAIL RESORTS INC (MTN)
CIK:        0000812011
Form:       8-K/A
Filed at:   2025-09-29T23:59:59+00:00
Accession:  0000812011-25-000105
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/812011/000081201125000105/0000812011-25-000105-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/812011/000081201125000105/mtn-20250522.htm
  HTML page:      https://secwatch.observer/filing/0000812011-25-000105

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