Thank you for standing by, and welcome to the Vail Resorts Inc. annual meeting. I will now turn the call over to Julie DeCecco. Please go ahead.
Good morning, and welcome to the 2025 annual stockholders' meeting of Vail Resorts, Inc. My name is Julie DeCecco, and I'm the General Counsel of Vail Resorts. At this time, I will go through the instructions that will allow stockholders and proxy holders to vote during the meeting and submit questions. If you are a stockholder of record as of October 14, 2025, which we refer to as the record date, and wish to vote during the meeting, you may click on the "Vote Here" button and follow the instructions provided.
If you wish to submit a question relating to the proposals set forth in the proxy statement, type your question in the "Ask a Question" field and click "Submit." Because our earnings for the first quarter of fiscal 2026 will be released Wednesday, December 10, 2025, at this meeting, we will only address questions that relate to the proposals set forth in the proxy statement. If you encounter any difficulties accessing the virtual meeting, call 844-986-0822 for U.S. participants and 303-562-9302 for international participants. It is my pleasure to now turn the meeting over to Rob Katz, the Chairperson of the Board and Chief Executive Officer of Vail Resorts.
Thank you, Julie, and good morning, everyone. We're glad that you could join us for our annual meeting of stockholders. The annual meeting is now called to order. I will act as chair of the meeting, and Ms. DeCecco will act as secretary. Let me first start by introducing our board of directors attending the virtual meeting today. Our directors joining us are Reggie Chambers, Sue Decker, Iris Knobloch, Nadia Rawlinson, Michele Romanow, Hilary Schneider, Bruce Sewell, and Peter Vaughn. I would like to take a moment to recognize and thank John Sorte and John Redmond, who are not standing for reelection today, for their years of service on the board of the company. Throughout their tenures, Mr. Sorte and Mr. Redmond provided valuable insight and guidance that helped our company grow from a regional operator into the world's largest mountain resort company.
The board, senior management team, and I sincerely appreciate Mr. Sorte and Mr. Redmond's decades of service and dedication to the company. Next, I would like to introduce the other members of our senior management team who are in the meeting with us today. Our members joining us are Angela Korch, our Executive Vice President and Chief Financial Officer. Lynanne Kunkel, our Executive Vice President, Chief Human Resources Officer, and Chief Transformation Officer. Bill Rock, our President of the Mountain Division. Greg Sullivan, our Executive Vice President, Retail and Hospitality. and Chris Smith, our Senior Vice President and Chief Information Officer. Mary Ellen Campbell, a representative from PricewaterhouseCoopers LLP, our independent registered public accounting firm, is also present at the meeting. As a reminder, we will conduct this meeting in accordance with the agenda and the rules of conduct and procedures, which are available to you on the webcast page.
Ms. DeCecco, will you verify that you have the list of stockholders of the company entitled to vote, confirm that notice of this annual meeting was properly given to all stockholders, and whether a quorum is present?
Thank you, Rob. At this time, I have a complete list of all stockholders of record as of the record date, showing their respective addresses and the number of shares held by each. These lists have been certified by Equiniti Trust Company, the transfer agent, and registrar for our common stock. I also present the notice of annual meeting, the proxy statement, and the 2025 annual report on Form 10-K and the form of proxy, which were distributed by Broadridge Financial Solutions beginning on or about October 30, 2025, to the stockholders of record as of the record date.
I have an affidavit sworn by a representative of Broadridge stating that a notice of internet availability of proxy materials was distributed beginning on or about October 30, 2025, to all stockholders of record as of the record date, and that as of such date, all such materials were posted on the website and available to all stockholders. These documents and certified lists of stockholders as of the record date will be filed with the minutes of this annual meeting. Finally, we have a preliminary attendance report from Ms. Christine Amrein on behalf of Broadridge, who has been appointed and previously sworn in as the inspector of election for this annual meeting. The inspector previously reported that we have represented in person or by proxy a sufficient number of the company's common stock to constitute a quorum.
Thank you. On the basis of this attendance report, I declare a quorum is present and that this annual meeting is duly convened. I will now turn the meeting over to Ms. DeCecco, who will introduce and request the vote on the items of business for today's meeting.
As stated in the proxy statement, there are three items of business scheduled for action at this annual meeting. The first item of business is the election of directors. The following nine persons have been properly nominated for election as directors to serve until the 2026 annual meeting of stockholders and until the respective successors are elected and qualified. The director nominees are Reggie Chambers, Sue Decker, Rob Katz, Iris Knobloch, Nadia Rawlinson, Michele Romanow, Hilary Schneider, Bruce Sewell, and Peter Vaughn. All of our nominees are currently serving as directors of Vail Resorts. The board of directors recommends a vote for each of the nominees. The second item of business is the ratification of the selection of PricewaterhouseCoopers LLP as the company's independent registered public accounting firm for the fiscal year ending July 31, 2026. The proposal is discussed in the company's proxy statement.
The board of directors recommends a vote for this proposal. The third item of business is a vote to approve on an advisory basis a resolution approving the compensation of our executive officers as reported in the proxy statement. The board of directors recommends a vote for this proposal. At this time, I would like to turn the meeting back to Rob.
Thank you, Julie. Now, I would like to open the meeting to anyone who would like to pose a question to the company regarding the items of business scheduled for action at this meeting. You may type your question into the "Ask a Question" field and click "Submit." Since there are no questions, I declare the polls are now closed and ask that the Inspector of Election tabulate the votes. Julie, would you please report the results of voting?
We have received a preliminary tabulation report from the inspector of election, and the results of voting are as follows. In the election of directors, each nominee received at least a majority of the votes cast for his or her election. Therefore, all nominees have been elected as directors of the company to serve until the 2026 annual meeting of stockholders and until their successors have been duly elected and qualified. With respect to the ratification of the selection of PwC as the company's independent registered public accounting firm for the fiscal year ending July 31, 2026, a majority of the votes cast on this matter have been voted in favor, and the selection of PwC is ratified.
With respect to the non-binding advisory vote to approve executive compensation, a majority of the votes cast on this matter have been voted in favor, and the advisory resolution on executive compensation is approved. The final results of today's meeting will be published in the current report on Form 8-K, which will be filed with the Securities and Exchange Commission no later than four business days from today.
This completes the scheduled items of business to be considered at this meeting. I want to take this opportunity to thank you for your participation. The annual meeting is now adjourned. Have a great rest of your day.
This concludes today's meeting. You may now disconnect.