91879QAN9

• On July 29, 2026, the Board of Directors of Vail Resorts, Inc. appointed William Hornbuckle as a director, effective August 3, 2026.
• Hornbuckle, age 68, has served as CEO and President of MGM Resorts International since July 2020.
• There are no arrangements or related party transactions between Hornbuckle and the Company requiring disclosure.
• As a non-employee director, Hornbuckle will participate in the Company's standard compensation arrangements for non-employee directors.

5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits

• Vail Resorts announced on June 23, 2026 that CEO and Chairperson Rob Katz released a new episode of his 'Epic by Nature' podcast titled 'The Strength of our Network: What It Means for Employees, Guests, and Shareholders'.
• The podcast includes forward-looking statements about the company's future performance, opportunities, key initiatives, and strategies.
• The company cautioned that actual results may differ materially due to risks and uncertainties detailed in its SEC filings.
• The information was furnished under Item 7.01 Regulation FD Disclosure and is not deemed 'filed' for SEC purposes.

7.01 Regulation FD Disclosure

• Q3 fiscal 2026 net income attributable to Vail Resorts was $314.4 million, compared to $389.7 million in the prior year.
• The company reduced its fiscal 2026 guidance, now expecting net income of $128 million to $162 million and Resort Reported EBITDA of $735 million to $755 million.
• Season pass unit sales for the upcoming 2026/2027 North American ski season decreased approximately 10% through May 26, 2026, compared to the prior year period.
• The company declared a quarterly cash dividend of $2.22 per share, payable on July 9, 2026.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• Season-to-date total lift revenue down 5.6%; ski school revenue down 12.0%; dining revenue down 11.7%.
• CEO Rob Katz cites record low snowfall and warm temperatures, with Rockies visitation down 25%.
• Fiscal 2026 Resort Reported EBITDA now expected at or around low end of March 9, 2026 guidance.
• Spring pass sales for 2026/2027 show moderate decline in units and slight decline in sales dollars through April 12.

7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits

• On March 17, 2026, Vail Resorts, Inc. management will meet with investors at the company's 2026 investors' conference.
• The disclosure was made under Item 7.01 Regulation FD Disclosure and is not deemed filed for SEC purposes.
• The report was signed by Executive Vice President and Chief Financial Officer Angela A. Korch.

7.01 Regulation FD Disclosure

• Resort Reported EBITDA for Q2 fiscal 2026 was $421.3 million, down from $459.7 million in the prior year.
• The company reduced fiscal 2026 guidance to net income of $144 million to $190 million and Resort Reported EBITDA of $745 million to $775 million.
• Season-to-date skier visits through March 1, 2026 were down 11.9% compared to the prior year period.
• The company declared a quarterly cash dividend of $2.22 per share, payable on April 9, 2026.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• The new agreement replaces the existing $885.9M term loan and $275M delayed draw term loan with a single $1.275B senior term loan facility.
• Maturity of the revolver and term loan facilities is extended to the earlier of five years from closing or 90 days before maturity of the 5.625% senior notes due 2030, if outstanding.
• Interest rates on borrowings are reduced by modifying the leverage-based pricing grid and removing the 0.10% credit spread adjustment for certain rate loans.
• The credit agreement is filed as Exhibit 10.1 to the Form 8-K.

1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 9.01 Financial Statements and Exhibits

• Total lift revenue down 1.8%; ski school revenue down 14.9%; dining revenue down 15.9%.
• Retail/rental revenue down 6.0% for North American locations.
• CEO cites worst early season snowfall in over 30 years in western U.S.; Rockies snowfall down nearly 60%.
• Company expects full year Resort Reported EBITDA just below low end of guidance issued September 29, 2025.

7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits