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):      August 13, 2012

 

Vail Resorts, Inc.

(Exact name of registrant as specified in its 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:

 

o            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 



 

Item 5.02.  Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On August 13, 2012, Jeffrey W. Jones, Chief Financial Officer and President — Lodging, Retail, Real Estate of Vail Resorts, Inc. (the “Company”), notified the Company of his retirement, effective December 31, 2012.  Mr. Jones will continue to serve in his current capacity until the effective date of his retirement.   The Company intends to begin a search for Mr. Jones’ successor immediately. Also on August 13, 2012, Mr. Jones notified the Company of his retirement from the Board of Directors, effective when his term ends at the Company’s 2012 Annual Meeting of Stockholders.

 

A copy of the Company’s press release announcing Mr. Jones’ retirement is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

 

Item 9.01.  Financial Statements and Exhibits.

 

(d) Exhibits

 

A list of exhibits furnished herewith is contained on the Exhibit Index which immediately precedes such exhibits and is incorporated herein by reference.

 

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: August 14, 2012

By:

/s/ Fiona E. Arnold

 

Fiona E. Arnold

 

Executive Vice President and

 

General Counsel

 

2



 

EXHIBIT INDEX

 

Exhibit Number

 

Description

99.1

 

Press Release dated August 14, 2012.

 

3


Exhibit 99.1

 

 

For Immediate Release

 

Media Contact

Kelly Ladyga, (303) 404-1862, kladyga@vailresorts.com

 

Vail Resorts Announces Chief Financial Officer Jeff Jones to Retire at End of Year

 

BROOMFIELD, Colo.—August 14, 2012—Vail Resorts, Inc. (NYSE: MTN) announced today that Jeffrey W. Jones, chief financial officer and president of the Company’s lodging, retail and real estate businesses, will be retiring effective Dec. 31, 2012. The Company will begin an immediate search for his replacement and Mr. Jones intends to remain engaged, as needed, beyond his retirement date to ensure a smooth and orderly transition.

 

“On behalf of our board of directors and our entire senior management team, I want to thank Jeff for his incredible contributions to our Company over the past nine years,” said Rob Katz, chairman and chief executive officer. “Jeff has been instrumental in so many aspects of the Company’s success, leading numerous strategic initiatives, acquisitions and financing transactions, overseeing key business units, stewarding our capital allocation efforts and helping to steer our performance through some challenging external environments. While our management team and our board will all miss Jeff’s counsel, I know that he leaves the Company in an incredibly strong financial position, with a terrific track record of performance and poised to pursue a number of new growth initiatives. We all wish Jeff the best in this new chapter in his life.”

 

“It has been a special privilege to work with everyone at Vail Resorts and serve on its board of directors and I am incredibly proud of all of our accomplishments,” said Mr. Jones. “While I have decided that now is the right moment for me to spend more time with my family, I could not be more confident in the opportunities that are ahead of Vail Resorts and the strength of the entire leadership team of the Company.”

 

About Vail Resorts

Vail Resorts, Inc., through its subsidiaries, is the leading mountain resort operator in the United States. The Company’s subsidiaries operate the mountain resorts of Vail, Beaver Creek, Breckenridge and Keystone in Colorado, and Heavenly, Northstar and Kirkwood in the Lake Tahoe area of California and Nevada, and the Grand Teton Lodge Company in Jackson Hole, Wyoming. The Company’s subsidiary, RockResorts, a luxury resort hotel company, manages casually elegant properties. Vail Resorts Development Company is the real estate planning, development and construction subsidiary of Vail Resorts, Inc. Vail Resorts is a publicly held company traded on the New York Stock Exchange (NYSE: MTN). The Vail Resorts company website is www.vailresorts.com and consumer website is www.snow.com.

 

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