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Vail Resorts, Inc. 2025-2026 Proxy Voting Records

Compiled from SEC Form N-PX filings and Vail Resorts, Inc.’s Form 8-K, filed December 10, 2025 (Item 5.07 on EDGAR). Page generated October 18, 2026.

11Ballot items
482Asset managers
4,871Fund votes
December 9, 2025Meeting date

Results at a glance

Meeting of December 9, 2025: 11 items on Vail Resorts, Inc.’s Form 8-K, filed December 10, 2025: 1 approved · 10 without a stated outcome.

Material dissent

None.

Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided

Proxy season: 2023-2024 2024-2025 2025-2026

Explore Vail Resorts, Inc. in the interactive database Compare manager voting policies

Official 2025-2026 meeting results reported by Vail Resorts, Inc.

These tallies are Vail Resorts, Inc.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed December 10, 2025 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.

Vail Resorts, Inc. — official shareholder meeting results, meeting held December 9, 2025
Ballot item	For	Against	Abstain	Withheld	Broker non-votes	Support (of votes cast)	Reported outcome	Voting standard
Elect Director: Reginald Chambers	30,637,383	555,406	81,626	--	2,538,443	98%	Not verified	—
Elect Director: Susan L. Decker	30,555,353	638,893	80,169	--	2,538,443	98%	Not verified	—
Elect Director: Robert A. Katz	30,373,269	803,479	97,667	--	2,538,443	97%	Not verified	—
Elect Director: Iris Knobloch	30,333,634	859,308	81,473	--	2,538,443	97%	Not verified	—
Elect Director: Nadia N. Rawlinson	30,444,899	749,735	79,781	--	2,538,443	98%	Not verified	—
Elect Director: Michele Romanow	30,631,695	562,968	79,752	--	2,538,443	98%	Not verified	—
Elect Director: Hilary Schneider	30,367,390	825,551	81,474	--	2,538,443	97%	Not verified	—
Elect Director: D. Bruce Sewell	30,234,008	960,498	79,909	--	2,538,443	97%	Not verified	—
Elect Director: Peter A. Vaughn	29,759,296	1,434,842	80,277	--	2,538,443	95%	Not verified	—
2. Ratification of Selection of Auditors	32,953,909	782,785	76,164	--	--	98%	Approved	—
3. Advisory Vote on Executive Compensation ("Say-on-Pay")	30,133,974	1,035,376	105,065	--	2,538,443	97%	Not verified	—

Source: Vail Resorts, Inc., Form 8-K, filed with the SEC on December 10, 2025 — read the filing on EDGAR.

How asset managers voted at the Vail Resorts, Inc. 2025-2026 meeting

Each item below shows how the 482 asset managers that disclosed a Vail Resorts, Inc. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report.

1. Elect Director: D. Bruce Sewell

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 4 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%

FOR: 30,234,008AGAINST: 960,498

Details: description as filed, official tally, votes by 100 asset managers

Description as filed by funds: Election of Directors: D. Bruce Sewell

Vail Resorts, Inc.’s own tally for this item (“Elect Director: D. Bruce Sewell”): 30,234,008 for, 960,498 against, per its Form 8-K filed December 10, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 97% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 100 asset managers below reported 22,396,525 for, 4,052 against, 6,327 abstained, 29 not voted.

FOR

FOR: 22,396,525AGAINST: 4,052ABSTAIN: 6,327NOT VOTED: 29

Largest asset managers voting on “Election of Directors: D. Bruce Sewell” at Vail Resorts, Inc., 2025-2026
Asset manager	For	Against	Abstain	Vote
Capital Group	7,389,505	0	0	For
Vanguard	3,229,136	1	0	For
BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND)	2,348,231	0	0	For
BARON SELECT FUNDS	2,284,215	0	0	For
BlackRock	2,048,016	0	0	For
Charles Schwab	1,448,681	0	0	For
Investment Managers Series Trust III	655,625	0	0	For
Fidelity	620,548	0	0	For
John Hancock	433,197	0	0	For
Lincoln Financial	237,638	0	0	For
Waddell & Reed	165,557	0	0	For
WisdomTree	137,823	0	0	For
Voya	131,095	0	0	For
JPMorgan	113,163	0	0	For
ALPS ETF Trust	108,266	0	0	For
Jackson National	102,356	0	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	82,400	0	0	For
Putnam	74,264	0	0	For
MoA Funds Corp	72,261	0	0	For
EA Series Trust	62,607	0	0	For
Brighthouse	45,045	0	6,327	Mixed
Equitable	47,534	0	0	For
CRM Mutual Fund Trust	43,192	0	0	For
AMG Funds IV	34,423	0	0	For
Columbia Threadneedle	29,577	0	0	For

Showing the 25 largest of 100 asset managers. See all 100 in the interactive database.

2. Elect Director: Hilary Schneider

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 3 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%

FOR: 30,367,390AGAINST: 825,551

Details: description as filed, official tally, votes by 100 asset managers

Description as filed by funds: Election of Directors: Hilary Schneider

Vail Resorts, Inc.’s own tally for this item (“Elect Director: Hilary Schneider”): 30,367,390 for, 825,551 against, per its Form 8-K filed December 10, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

The 100 asset managers below reported 22,396,525 for, 4,052 against, 6,327 abstained, 29 not voted.

FOR

FOR: 22,396,525AGAINST: 4,052ABSTAIN: 6,327NOT VOTED: 29

Largest asset managers voting on “Election of Directors: Hilary Schneider” at Vail Resorts, Inc., 2025-2026
Asset manager	For	Against	Abstain	Vote
Capital Group	7,389,505	0	0	For
Vanguard	3,229,136	1	0	For
BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND)	2,348,231	0	0	For
BARON SELECT FUNDS	2,284,215	0	0	For
BlackRock	2,048,016	0	0	For
Charles Schwab	1,448,681	0	0	For
Investment Managers Series Trust III	655,625	0	0	For
Fidelity	620,548	0	0	For
John Hancock	433,197	0	0	For
Lincoln Financial	237,638	0	0	For
Waddell & Reed	165,557	0	0	For
WisdomTree	137,823	0	0	For
Voya	131,095	0	0	For
JPMorgan	113,163	0	0	For
ALPS ETF Trust	108,266	0	0	For
Jackson National	102,356	0	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	82,400	0	0	For
Putnam	74,264	0	0	For
MoA Funds Corp	72,261	0	0	For
EA Series Trust	62,607	0	0	For
Brighthouse	45,045	0	6,327	Mixed
Equitable	47,534	0	0	For
CRM Mutual Fund Trust	43,192	0	0	For
AMG Funds IV	34,423	0	0	For
Columbia Threadneedle	29,577	0	0	For

Showing the 25 largest of 100 asset managers. See all 100 in the interactive database.

3. Elect Director: Iris Knobloch

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 3 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%

FOR: 30,333,634AGAINST: 859,308

Details: description as filed, official tally, votes by 100 asset managers

Description as filed by funds: Election of Directors: Iris Knobloch

Vail Resorts, Inc.’s own tally for this item (“Elect Director: Iris Knobloch”): 30,333,634 for, 859,308 against, per its Form 8-K filed December 10, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

The 100 asset managers below reported 22,234,330 for, 166,247 against, 6,327 abstained, 29 not voted.

FOR

FOR: 22,234,330AGAINST: 166,247ABSTAIN: 6,327NOT VOTED: 29

Largest asset managers voting on “Election of Directors: Iris Knobloch” at Vail Resorts, Inc., 2025-2026
Asset manager	For	Against	Abstain	Vote
Capital Group	7,389,505	0	0	For
Vanguard	3,229,136	1	0	For
BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND)	2,348,231	0	0	For
BARON SELECT FUNDS	2,284,215	0	0	For
BlackRock	2,048,016	0	0	For
Charles Schwab	1,448,681	0	0	For
Investment Managers Series Trust III	655,625	0	0	For
Fidelity	620,548	0	0	For
John Hancock	433,197	0	0	For
Lincoln Financial	237,638	0	0	For
Waddell & Reed	0	165,557	0	Against
WisdomTree	137,823	0	0	For
Voya	131,095	0	0	For
JPMorgan	113,163	0	0	For
ALPS ETF Trust	108,266	0	0	For
Jackson National	102,356	0	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	82,400	0	0	For
Putnam	74,264	0	0	For
MoA Funds Corp	72,261	0	0	For
EA Series Trust	62,607	0	0	For
Brighthouse	45,045	0	6,327	Mixed
Equitable	47,534	0	0	For
CRM Mutual Fund Trust	43,192	0	0	For
AMG Funds IV	34,423	0	0	For
Columbia Threadneedle	29,577	0	0	For

Showing the 25 largest of 100 asset managers. See all 100 in the interactive database.

4. Elect Director: Michele Romanow

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 3 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 30,631,695AGAINST: 562,968

Details: description as filed, official tally, votes by 100 asset managers

Description as filed by funds: Election of Directors: Michele Romanow

Vail Resorts, Inc.’s own tally for this item (“Elect Director: Michele Romanow”): 30,631,695 for, 562,968 against, per its Form 8-K filed December 10, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 100 asset managers below reported 22,399,887 for, 689 against, 6,327 abstained, 29 not voted.

FOR

FOR: 22,399,887AGAINST: 689ABSTAIN: 6,327NOT VOTED: 29

Largest asset managers voting on “Election of Directors: Michele Romanow” at Vail Resorts, Inc., 2025-2026
Asset manager	For	Abstain	Vote
Capital Group	7,389,505	0	For
Vanguard	3,229,136	0	For
BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND)	2,348,231	0	For
BARON SELECT FUNDS	2,284,215	0	For
BlackRock	2,048,016	0	For
Charles Schwab	1,448,681	0	For
Investment Managers Series Trust III	655,625	0	For
Fidelity	620,548	0	For
John Hancock	433,197	0	For
Lincoln Financial	237,638	0	For
Waddell & Reed	165,557	0	For
WisdomTree	137,823	0	For
Voya	131,095	0	For
JPMorgan	113,163	0	For
ALPS ETF Trust	108,266	0	For
Jackson National	102,356	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	82,400	0	For
Putnam	74,264	0	For
MoA Funds Corp	72,261	0	For
EA Series Trust	62,607	0	For
Brighthouse	45,045	6,327	Mixed
Equitable	47,534	0	For
CRM Mutual Fund Trust	43,192	0	For
AMG Funds IV	34,423	0	For
Columbia Threadneedle	29,577	0	For

Showing the 25 largest of 100 asset managers. See all 100 in the interactive database.

5. Elect Director: Nadia N. Rawlinson

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 5 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 30,444,899AGAINST: 749,735

Details: description as filed, official tally, votes by 100 asset managers

Description as filed by funds: Election of Directors: Nadia N. Rawlinson

Vail Resorts, Inc.’s own tally for this item (“Elect Director: Nadia N. Rawlinson”): 30,444,899 for, 749,735 against, per its Form 8-K filed December 10, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

The 100 asset managers below reported 22,398,624 for, 1,953 against, 6,327 abstained, 29 not voted.

FOR

FOR: 22,398,624AGAINST: 1,953ABSTAIN: 6,327NOT VOTED: 29

Largest asset managers voting on “Election of Directors: Nadia N. Rawlinson” at Vail Resorts, Inc., 2025-2026
Asset manager	For	Against	Abstain	Vote
Capital Group	7,389,505	0	0	For
Vanguard	3,228,226	911	0	For
BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND)	2,348,231	0	0	For
BARON SELECT FUNDS	2,284,215	0	0	For
BlackRock	2,048,016	0	0	For
Charles Schwab	1,448,681	0	0	For
Investment Managers Series Trust III	655,625	0	0	For
Fidelity	620,548	0	0	For
John Hancock	433,197	0	0	For
Lincoln Financial	237,638	0	0	For
Waddell & Reed	165,557	0	0	For
WisdomTree	137,823	0	0	For
Voya	131,095	0	0	For
JPMorgan	113,163	0	0	For
ALPS ETF Trust	108,266	0	0	For
Jackson National	102,356	0	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	82,400	0	0	For
Putnam	74,264	0	0	For
MoA Funds Corp	72,261	0	0	For
EA Series Trust	62,607	0	0	For
Brighthouse	45,045	0	6,327	Mixed
Equitable	47,534	0	0	For
CRM Mutual Fund Trust	43,192	0	0	For
AMG Funds IV	34,423	0	0	For
Columbia Threadneedle	29,577	0	0	For

Showing the 25 largest of 100 asset managers. See all 100 in the interactive database.

6. Elect Director: Peter A. Vaughn

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 4 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%

FOR: 29,759,296AGAINST: 1,434,842

Details: description as filed, official tally, votes by 100 asset managers

Description as filed by funds: Election of Directors: Peter A. Vaughn

Vail Resorts, Inc.’s own tally for this item (“Elect Director: Peter A. Vaughn”): 29,759,296 for, 1,434,842 against, per its Form 8-K filed December 10, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 95% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 100 asset managers below reported 22,317,283 for, 83,294 against, 6,327 abstained, 29 not voted.

FOR

FOR: 22,317,283AGAINST: 83,294ABSTAIN: 6,327NOT VOTED: 29

Largest asset managers voting on “Election of Directors: Peter A. Vaughn” at Vail Resorts, Inc., 2025-2026
Asset manager	For	Against	Abstain	Vote
Capital Group	7,389,505	0	0	For
Vanguard	3,229,136	1	0	For
BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND)	2,348,231	0	0	For
BARON SELECT FUNDS	2,284,215	0	0	For
BlackRock	2,048,016	0	0	For
Charles Schwab	1,448,681	0	0	For
Investment Managers Series Trust III	655,625	0	0	For
Fidelity	620,548	0	0	For
John Hancock	433,197	0	0	For
Lincoln Financial	226,317	11,321	0	For
Waddell & Reed	165,557	0	0	For
WisdomTree	137,823	0	0	For
Voya	131,095	0	0	For
JPMorgan	113,163	0	0	For
ALPS ETF Trust	108,266	0	0	For
Jackson National	102,356	0	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	82,400	0	0	For
Putnam	74,264	0	0	For
MoA Funds Corp	72,261	0	0	For
EA Series Trust	62,607	0	0	For
Brighthouse	45,045	0	6,327	Mixed
Equitable	47,534	0	0	For
CRM Mutual Fund Trust	43,192	0	0	For
AMG Funds IV	34,423	0	0	For
Columbia Threadneedle	29,577	0	0	For

Showing the 25 largest of 100 asset managers. See all 100 in the interactive database.

7. Elect Director: Reginald Chambers

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 3 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 30,637,383AGAINST: 555,406

Details: description as filed, official tally, votes by 100 asset managers

Description as filed by funds: Election of Directors: Reginald Chambers

Vail Resorts, Inc.’s own tally for this item (“Elect Director: Reginald Chambers”): 30,637,383 for, 555,406 against, per its Form 8-K filed December 10, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

The 100 asset managers below reported 22,399,887 for, 689 against, 6,327 abstained, 29 not voted.

FOR

FOR: 22,399,887AGAINST: 689ABSTAIN: 6,327NOT VOTED: 29

Largest asset managers voting on “Election of Directors: Reginald Chambers” at Vail Resorts, Inc., 2025-2026
Asset manager	For	Abstain	Vote
Capital Group	7,389,505	0	For
Vanguard	3,229,136	0	For
BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND)	2,348,231	0	For
BARON SELECT FUNDS	2,284,215	0	For
BlackRock	2,048,016	0	For
Charles Schwab	1,448,681	0	For
Investment Managers Series Trust III	655,625	0	For
Fidelity	620,548	0	For
John Hancock	433,197	0	For
Lincoln Financial	237,638	0	For
Waddell & Reed	165,557	0	For
WisdomTree	137,823	0	For
Voya	131,095	0	For
JPMorgan	113,163	0	For
ALPS ETF Trust	108,266	0	For
Jackson National	102,356	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	82,400	0	For
Putnam	74,264	0	For
MoA Funds Corp	72,261	0	For
EA Series Trust	62,607	0	For
Brighthouse	45,045	6,327	Mixed
Equitable	47,534	0	For
CRM Mutual Fund Trust	43,192	0	For
AMG Funds IV	34,423	0	For
Columbia Threadneedle	29,577	0	For

Showing the 25 largest of 100 asset managers. See all 100 in the interactive database.

8. Elect Director: Robert A. Katz

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 4 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%

FOR: 30,373,269AGAINST: 803,479

Details: description as filed, official tally, votes by 100 asset managers

Description as filed by funds: Election of Directors: Robert A. Katz

Vail Resorts, Inc.’s own tally for this item (“Elect Director: Robert A. Katz”): 30,373,269 for, 803,479 against, per its Form 8-K filed December 10, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

The 100 asset managers below reported 22,399,887 for, 691 against, 6,327 abstained, 29 not voted.

FOR

FOR: 22,399,887AGAINST: 691ABSTAIN: 6,327NOT VOTED: 29

Largest asset managers voting on “Election of Directors: Robert A. Katz” at Vail Resorts, Inc., 2025-2026
Asset manager	For	Against	Abstain	Vote
Capital Group	7,389,505	0	0	For
Vanguard	3,229,136	1	0	For
BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND)	2,348,231	0	0	For
BARON SELECT FUNDS	2,284,215	0	0	For
BlackRock	2,048,016	0	0	For
Charles Schwab	1,448,681	0	0	For
Investment Managers Series Trust III	655,625	0	0	For
Fidelity	620,548	0	0	For
John Hancock	433,197	0	0	For
Lincoln Financial	237,638	0	0	For
Waddell & Reed	165,557	0	0	For
WisdomTree	137,823	0	0	For
Voya	131,095	0	0	For
JPMorgan	113,163	0	0	For
ALPS ETF Trust	108,266	0	0	For
Jackson National	102,356	0	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	82,400	0	0	For
Putnam	74,264	0	0	For
MoA Funds Corp	72,261	0	0	For
EA Series Trust	62,607	0	0	For
Brighthouse	45,045	0	6,327	Mixed
Equitable	47,534	0	0	For
CRM Mutual Fund Trust	43,192	0	0	For
AMG Funds IV	34,423	0	0	For
Columbia Threadneedle	29,577	0	0	For

Showing the 25 largest of 100 asset managers. See all 100 in the interactive database.

9. Elect Director: Susan L. Decker

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 4 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 30,555,353AGAINST: 638,893

Details: description as filed, official tally, votes by 100 asset managers

Description as filed by funds: Election of Directors: Susan L. Decker

Vail Resorts, Inc.’s own tally for this item (“Elect Director: Susan L. Decker”): 30,555,353 for, 638,893 against, per its Form 8-K filed December 10, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

The 100 asset managers below reported 22,399,706 for, 871 against, 6,327 abstained, 29 not voted.

FOR

FOR: 22,399,706AGAINST: 871ABSTAIN: 6,327NOT VOTED: 29

Largest asset managers voting on “Election of Directors: Susan L. Decker” at Vail Resorts, Inc., 2025-2026
Asset manager	For	Against	Abstain	Vote
Capital Group	7,389,505	0	0	For
Vanguard	3,229,136	1	0	For
BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND)	2,348,231	0	0	For
BARON SELECT FUNDS	2,284,215	0	0	For
BlackRock	2,048,016	0	0	For
Charles Schwab	1,448,681	0	0	For
Investment Managers Series Trust III	655,625	0	0	For
Fidelity	620,548	0	0	For
John Hancock	433,197	0	0	For
Lincoln Financial	237,638	0	0	For
Waddell & Reed	165,557	0	0	For
WisdomTree	137,823	0	0	For
Voya	131,095	0	0	For
JPMorgan	113,163	0	0	For
ALPS ETF Trust	108,266	0	0	For
Jackson National	102,356	0	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	82,400	0	0	For
Putnam	74,264	0	0	For
MoA Funds Corp	72,261	0	0	For
EA Series Trust	62,607	0	0	For
Brighthouse	45,045	0	6,327	Mixed
Equitable	47,534	0	0	For
CRM Mutual Fund Trust	43,192	0	0	For
AMG Funds IV	34,423	0	0	For
Columbia Threadneedle	29,577	0	0	For

Showing the 25 largest of 100 asset managers. See all 100 in the interactive database.

10. 3. Advisory Vote on Executive Compensation ("Say-on-Pay")

Outcome not verified Fund totals may overlapSECTION 14A SAY-ON-PAY VOTESReported outcome: Not verified

Combines 8 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%

FOR: 30,133,974AGAINST: 1,035,376

Details: description as filed, official tally, votes by 475 asset managers

Description as filed by funds: Advisory vote to approve executive compensation.

Vail Resorts, Inc.’s own tally for this item (“3. Advisory Vote on Executive Compensation ("Say-on-Pay")”): 30,133,974 for, 1,035,376 against, per its Form 8-K filed December 10, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).

Fund voting reports: 98 asset managers voting on “Advisory vote to approve executive compensation.” at Vail Resorts, Inc., 2025-2026
Asset manager	For	Against	Abstain	Vote
Capital Group	7,389,505	0	0	For
Vanguard	3,228,442	695	0	For
BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND)	2,348,231	0	0	For
BARON SELECT FUNDS	2,284,215	0	0	For
BlackRock	2,048,016	0	0	For
Charles Schwab	1,448,681	0	0	For
Investment Managers Series Trust III	655,625	0	0	For
Fidelity	620,548	0	0	For
John Hancock	433,197	0	0	For
Lincoln Financial	237,638	0	0	For
Waddell & Reed	165,557	0	0	For
WisdomTree	137,823	0	0	For
Voya	131,095	0	0	For
JPMorgan	113,163	0	0	For
ALPS ETF Trust	108,266	0	0	For
Jackson National	102,356	0	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	82,400	0	0	For
Putnam	74,264	0	0	For
MoA Funds Corp	72,261	0	0	For
EA Series Trust	61,246	1,361	0	For
Brighthouse	45,045	0	6,327	Mixed
Equitable	47,534	0	0	For
CRM Mutual Fund Trust	43,192	0	0	For
AMG Funds IV	34,423	0	0	For
Columbia Threadneedle	0	29,577	0	Against

Fund voting reports, all 98 managers: 22,360,232 for, 39,344 against, 6,661 abstained, 29 not voted. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 400 asset managers voting on “Advisory vote to approve executive compensation.” at Vail Resorts, Inc., 2025-2026
Asset manager	For	Against	Vote
Capital Group	7,374,025	0	For
BAMCO INC /NY/	4,854,377	0	For
Charles Schwab	1,452,207	0	For
First Pacific Advisors, LP	1,012,224	0	For
John Hancock	752,912	0	For
HARRIS ASSOCIATES L P	747,361	0	For
GEODE CAPITAL MANAGEMENT, LLC	534,202	0	For
Oasis Management Co Ltd.	0	504,311	Against
State Street	391,272	26	For
BlackRock	289,410	199	For
AMERIPRISE FINANCIAL INC	231,287	10	For
Northern Trust	221,227	0	For
Epoch Investment Partners, Inc.	203,147	0	For
PARAMETRIC PORTFOLIO ASSOCIATES LLC	199,850	0	For
River Road Asset Management, LLC	190,797	0	For
NOMURA INVESTMENT MANAGEMENT BUSINESS TRUST	165,649	0	For
MELLON INVESTMENTS Corp	164,360	0	For
GRS Advisors, LLC	154,155	0	For
BARON CAPITAL MANAGEMENT INC /NY/	141,881	0	For
Aperture Investors, LLC	139,081	0	For
LONDON CO OF VIRGINIA	138,783	0	For
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	132,340	0	For
Voya	131,095	0	For
Vanguard	127,303	0	For
Waratah Capital Advisors Ltd.	106,177	0	For

Institutional-manager reports, all 400 managers: 22,535,035 for, 914,202 against, 14,404 abstained, 1,844 not voted. Showing the 25 largest; see all in the interactive database.

11. 2. Ratification of Selection of Auditors

Official resultAUDIT-RELATEDReported outcome: Approved

Combines 4 wordings of this item as funds reported it.

98% Approved · of votes cast

FOR 98%

FOR: 32,953,909AGAINST: 782,785

Details: description as filed, official tally, votes by 100 asset managers

Description as filed by funds: Ratify the selection of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for the fiscal year ending July 31, 2026.

Vail Resorts, Inc.’s own tally for this item (“2. Ratification of Selection of Auditors”): 32,953,909 for, 782,785 against — passed, per its Form 8-K filed December 10, 2025 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “(2) ratified the selection of PricewaterhouseCoopers LLP as the independent registered public accounting firm of the Company for the fiscal year ending July 31, 2026; and (3) on an advisory basis, voted to approve the compensation of the Company's named executive officers”
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 100 asset managers below reported 22,398,134 for, 2,443 against, 6,327 abstained, 29 not voted.

FOR

FOR: 22,398,134AGAINST: 2,443ABSTAIN: 6,327NOT VOTED: 29

Largest asset managers voting on “Ratify the selection of PricewaterhouseCoopers LLP as the Company's independent registered public accounting f” at Vail Resorts, Inc., 2025-2026
Asset manager	For	Against	Abstain	Vote
Capital Group	7,389,505	0	0	For
Vanguard	3,228,442	695	0	For
BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND)	2,348,231	0	0	For
BARON SELECT FUNDS	2,284,215	0	0	For
BlackRock	2,048,016	0	0	For
Charles Schwab	1,448,681	0	0	For
Investment Managers Series Trust III	655,625	0	0	For
Fidelity	620,548	0	0	For
John Hancock	433,197	0	0	For
Lincoln Financial	237,638	0	0	For
Waddell & Reed	165,557	0	0	For
WisdomTree	137,823	0	0	For
Voya	131,095	0	0	For
JPMorgan	113,163	0	0	For
ALPS ETF Trust	108,266	0	0	For
Jackson National	102,356	0	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	82,400	0	0	For
Putnam	74,264	0	0	For
MoA Funds Corp	72,261	0	0	For
EA Series Trust	62,607	0	0	For
Brighthouse	45,045	0	6,327	Mixed
Equitable	47,534	0	0	For
CRM Mutual Fund Trust	43,192	0	0	For
AMG Funds IV	34,423	0	0	For
Columbia Threadneedle	29,577	0	0	For

Showing the 25 largest of 100 asset managers. See all 100 in the interactive database.

Largest Vail Resorts, Inc. shareholders voting in 2025-2026

Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported, shown as a share of the 37,438,353 shares outstanding at the time of that meeting.

Fund voting reports: top Vail Resorts, Inc. shareholders by shares voted on “Advisory vote to approve executive compensation.”, 2025-2026
#	Asset manager	% of shares outstanding
1	Capital Group	19.74%
2	Vanguard	8.63%
3	BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND)	6.27%
4	BARON SELECT FUNDS	6.10%
5	BlackRock	5.47%
6	Charles Schwab	3.87%
7	Investment Managers Series Trust III	1.75%
8	Fidelity	1.66%
9	John Hancock	1.16%
10	Lincoln Financial	0.63%

Institutional-manager reports: top Vail Resorts, Inc. shareholders by shares voted on “Advisory vote to approve executive compensation.”, 2025-2026
#	Asset manager	% of shares outstanding
1	Capital Group	19.70%
2	BAMCO INC /NY/	12.97%
3	Charles Schwab	3.88%
4	First Pacific Advisors, LP	2.70%
5	John Hancock	2.01%
6	HARRIS ASSOCIATES L P	2.00%
7	GEODE CAPITAL MANAGEMENT, LLC	1.43%
8	Oasis Management Co Ltd.	1.35%
9	State Street	1.05%
10	BlackRock	0.77%

Reported Vail Resorts, Inc. holdings and ownership

As disclosed to the SEC in Form 13F (quarter-end holdings of 30 large managers), Schedules 13D and 13G (beneficial ownership above 5%) and the company’s own proxy statement (DEF 14A). Each row names its form.

Vail Resorts, Inc. holdings and ownership disclosed for the 2025-2026 proxy season
Holder	% outstanding	Disclosure
Baron Capital Group, Inc.	17.46%	13G
Capital World Investors	11.52%	13G
Capital International Investors	10.86%	13G
Vanguard Group	9.37%	13F
BlackRock	9.02%	13F
Oasis Management Company Ltd.	6.22%	13G
FMR (Fidelity)	3.21%	13F
Charles Schwab	3.19%	13F
State Street	2.95%	13F
Morgan Stanley	1.83%	13F

Percentages above are of 37,438,353 shares outstanding, as reported by Vail Resorts, Inc. on its Form 10-Q dated December 4, 2024 (see the filing on EDGAR). This is the count contemporaneous with the 2025-2026 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from Vail Resorts, Inc.’s 10-Q dated December 4, 2024. This page is a static snapshot rebuilt weekly on October 18, 2026; a live search always shows the current data.

At Vail Resorts, Inc.'s shareholder meeting held December 9, 2025, in the 2025-2026 proxy season, 482 asset managers reported how they voted on 11 ballot items in their SEC Form N-PX filings, covering 4,871 separate fund positions. On the most widely held item on that ballot — Advisory vote to approve executive compensation. — FOR was 97% of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side), which is more than half. Whether the item was approved is for the filing to say; that statement has not been read for this item. Source: Vail Resorts, Inc.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on December 10, 2025.

Vail Resorts, Inc. proxy season coverage: 2023-2024 · 2024-2025 · 2025-2026 (this page).

Download data (CSV): ballot items · votes by manager · column guide.