Vail Resorts, Inc. (NYSE: MTN) has announced that Chairman and Chief Executive Officer Rob Katz has exercised stock appreciation rights (SARs) that were expiring over the next two years and will be donating 100 percent of the shares and proceeds received to his family charitable foundation and donor advised charitable fund.
Vail Resorts to Acquire Okemo Mountain Resort, Mount Sunapee Resort, Crested Butte Mountain Resort, and Stevens Pass Resort in Two Transactions
Vail Resorts, Inc. (NYSE: MTN) announced today that it has entered into an agreement to purchase Triple Peaks, LLC, the parent company of Okemo Mountain Resort in Vermont, Mount Sunapee Resort in New Hampshire, and Crested Butte Mountain Resort in Colorado.
Vail Resorts, Inc. (NYSE: MTN) announced that Chairman and Chief Executive Officer Rob Katz has established a new donor-advised fund, a charitable giving vehicle, which will be funded from the shares and proceeds he will receive from exercising Vail Resorts share appreciation rights (SARs) that are approaching their 10-year expiration date. This charitable fund, with assets that are expected to total approximately $58 million, will make grants over a long-term period, based on the recommendations of Katz and his wife, Elana Amsterdam. The grants will align with the couple's charitable giving priorities and will include significant contributions to non-profit, social service organizations that provide support to the mountain resort communities where Vail Resorts operates. Katz and Amsterdam will work with local mountain resort community leaders and Vail Resorts employees to identify and address critical local challenges that these communities are facing.
Vail Resorts Reports Fiscal 2017 Fourth Quarter and Full Year Results and Provides Fiscal 2018 Outlook
Vail Resorts, Inc. (NYSE: MTN) reported results for its fourth quarter and fiscal year ended July 31, 2017 and provided its outlook for the fiscal year ending July 31, 2018.