Vail Resorts (MTN) Proxy filing summary

Executive summary

• Over the past 16 months, leadership was enhanced, marketing revamped, and pass and lift-ticket products and pricing strategies introduced to broaden access.

• Early results cited: record guest satisfaction last year, increased lift-ticket market share, and pass-sale performance above the industry for the upcoming season.

• The recently launched Epic Experience strategy aims to make the mountain journey more seamless, personalized, and memorable; the focus is disciplined execution.

Voting matters and shareholder proposals

• The 2026 annual meeting proxy solicitation will seek votes for director nominees and on other matters; shareholders were urged to review the proxy statement and WHITE proxy card when filed.

• Potential solicitation participants include directors, executive officers, and Investor Relations VP Connie Wang; her stated direct and indirect interests include 1,251 unvested RSUs.

Risk oversight and compliance

• Forward-looking results face risks from economic weakness, adverse weather and natural disasters, travel disruptions, changing consumer preferences or discretionary spending, and seasonal exposure during peak periods.

• Forward-looking statements speak as of October 15, 2026, and are subject to risks that could cause actual results to differ materially; no update obligation is undertaken except as required by law.