Oasis Management Files Proxy for Its Nominees at Vail Resorts
The reported holding rose from 9.0% in a Sept. 29 filing, and Oasis withdrew its nominations of Bryce Roberts and Picabo Street for the Vail Resorts board.
Oasis Management Co Ltd. has begun a formal proxy solicitation to elect Robert Chapek and M. Ashton Hudson to the board of Vail Resorts Inc and reported beneficial ownership of 3,429,033 shares, or 9.6% of the common stock, according to a Schedule 13D amendment filed Nov. 3.
The filing says Oasis Management delivered a letter to Vail Resorts on Oct. 30 withdrawing its nominations of Bryce Roberts and Picabo Street for election to the board at the annual meeting. "On November 2, 2026, Oasis Management filed a definitive proxy statement with the SEC in connection with the solicitation of proxies for the election of Mr. Chapek and Mr. Hudson to the Board at the Annual Meeting," the filing says. Oasis also issued a press release containing a letter to Vail Resorts shareholders on Nov. 2, according to the filing.
The shares are held by Oasis Investments II Master Fund Ltd., for which Oasis Management is the investment manager. The filing says about $485 million, excluding commissions, was paid for them. It also reports cash-settled swaps covering 377,714 shares, representing economic exposure comparable to about 1.1% of the stock. Oasis's previous Schedule 13D, filed Sept. 29, reported 9.0%.
The filing describes Chapek's principal business as consulting and advising companies in industries including location-based entertainment, media technology and artificial intelligence. It says Hudson is Partner of Value Acquisition Fund and Founder and Chairman of Riverwood Asset Management, and reports that Hudson holds 2,260 shares.
The amendment is filed jointly with Seth Fischer, Chapek and Hudson. The filing says Roberts and Street are no longer deemed to be a group with the reporting persons after their nomination agreements with Oasis terminated.