Oasis Targets Vail Resorts Board With 9.6% Stake, Proxy Fight
Austin, Texas – November 02, 2026 -- Oasis Management, whose funds own about 9.6% of Vail Resorts (NYSE: MTN), a stake worth more than half a billion dollars, has launched a proxy contest. It is seeking two board seats at the ski operator's annual meeting on December 14, 2026, and argues that the stock has lost more than $8 billion in market value over five years.
Oasis has nominated Robert Chapek and M. Ashton Hudson and is urging shareholders to vote for them on its BLUE proxy card. It also launched a campaign website and published an open letter to shareholders. Oasis founder Seth H. Fischer said the aim is to make Vail Resorts better, "not break it up."