Current Report Filing (8-k)

Date : 12/05/2019 @ 9:14PM
Source : Edgar (US Regulatory)
Stock : Vail Resorts Inc (MTN)
Quote : 243.88  -6.13 (-2.45%) @ 12:59AM
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Current Report Filing (8-k)



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): December 5, 2019
Vail Resorts, Inc.
(Exact Name of Registrant as Specified in Charter)

Delaware
 
001-09614
 
51-0291762
(State or Other Jurisdiction of Incorporation)
 
(Commission File Number)
 
(IRS Employer Identification No.)
 
 
 
 
 
390 Interlocken Crescent
Broomfield, Colorado
 
 
 
80021
(Address of Principal Executive Offices)
 
 
 
(Zip Code)
 
 
 
 
 
Registrant’s telephone number, including area code: (303) 404-1800

Not Applicable
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting materials pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol
Name of each exchange on which registered
Common Stock, $0.01 par value
MTN
New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨








Item 5.02     Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
 
On December 5, 2019, the Board of Directors (the “Board”) of Vail Resorts, Inc. (the “Company”), based on the recommendation of the Nominating and Governance Committee of the Board, appointed Nadia Rawlinson as a director of the Company, to fill the vacancy created on the Board by the departure of Roland Hernandez and to serve until her successor is elected and qualified or until her earlier resignation or removal.
 
Ms. Rawlinson, age 40, has served as the Chief Human Resources Officer of Live Nation Entertainment, Inc. since June 2016. Previously, Ms. Rawlinson was the Chief Human Resources Officer of Rakuten Americas, part of Japan-based Rakuten Group, one of the largest internet services companies in the world. Before joining Rakuten Americas, Ms. Rawlinson served in various human resources and business leadership roles at Groupon (2012-2015), American Express (2011-2012), and Rent the Runway (2010-2011). Ms. Rawlinson received her Bachelor of Arts from Stanford University and a Master of Business Administration from Harvard University.
 
There are no arrangements or understandings between Ms. Rawlinson and the Company or any other person pursuant to which she was appointed to the Board.  There are no related party transactions between the Company and Ms. Rawlinson that would require disclosure under Item 404(a) of Regulation S-K. As a non-employee director, Ms. Rawlinson will participate in the Company’s standard compensation arrangements for non-employee directors.

A copy of the press release announcing the appointment of Ms. Rawlinson to the Board is attached hereto as Exhibit 99.1.

Item 5.07   Submission of Matters to a Vote of Security Holders.
 
The Company held its 2019 Annual Meeting of Stockholders (the “Annual Meeting”) on Thursday, December 5, 2019. At the Annual Meeting, stockholders of the Company:  (1) elected the eight director nominees named in the proxy statement and listed below; (2) ratified the selection of PricewaterhouseCoopers LLP as the independent registered public accounting firm of the Company for the fiscal year ending July 31, 2020; and (3) on an advisory basis, voted to approve the compensation of the Company’s named executive officers. The final voting results by the Company’s stockholders on these matters at the Annual Meeting are as follows:
 
1.
Election of Directors.
 
NOMINEE
 
VOTES FOR
 
VOTES AGAINST
 
ABSTENTIONS
 
BROKER NON-VOTES
Susan L. Decker
 
34,142,513
 
855,136
 
14,781
 
2,205,884
Robert A. Katz
 
34,450,797
 
535,617
 
26,016
 
2,205,884
John T. Redmond
 
34,753,551
 
243,604
 
15,275
 
2,205,884
Michele Romanow
 
34,963,343
 
34,153
 
14,934
 
2,205,884
Hilary A. Schneider
 
34,963,723
 
33,989
 
14,718
 
2,205,884
D. Bruce Sewell
 
34,601,872
 
395,686
 
14,872
 
2,205,884
John F. Sorte
 
34,067,213
 
929,536
 
15,681
 
2,205,884
Peter A. Vaughn
 
34,965,148
 
31,964
 
15,318
 
2,205,884

 2.     Ratification of Selection of Auditors.
VOTES FOR
 
VOTES AGAINST
 
ABSTENTIONS
36,988,815
 
208,202
 
21,297
 

3.     Advisory Vote on Executive Compensation.
VOTES FOR
 
VOTES AGAINST
 
ABSTENTIONS
BROKER NON-VOTES
29,947,618
 
5,050,633
 
14,179
2,205,884







Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.
Description
99.1










SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
 
Vail Resorts, Inc.
Date: December 5, 2019
By:

/s/ David T. Shapiro
 
 
David T. Shapiro
 
 
Executive Vice President, General Counsel & Secretary



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