Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On September 24, 2020, Vail Resorts, Inc. (the "Company") and Ryan Siurek,
Senior Vice President, Controller and Chief Accounting Officer, agreed that his
employment will end on October 9, 2020, and Mr. Siurek resigned from his
position as Chief Accounting Officer of the Company effective September 29,
2020.
Also effective September 29, 2020, the Company appointed Nathan Gronberg to
serve as Vice President, Controller and Chief Accounting Officer. Mr. Gronberg
will report to the Company's Executive Vice President and Chief Financial
Officer.
Mr. Gronberg, who is 42 years old, has served as Vice President and Assistant
Controller of the Company since January 2019. Prior to joining the Company, Mr.
Gronberg held various roles at Ferrellgas Partners, L.P. from January 2016 to
January 2019, most recently as the Vice President of Accounting and Corporate
Controller. From March 2012 until December 2015, Mr. Gronberg served as Manager,
Technical Accounting & Policy at Sprint Corporation. Mr. Gronberg started his
career with PricewaterhouseCoopers LLP, where he worked as a member of their
audit and assurance practice for over seven years. Mr. Gronberg holds a
bachelor of science - accounting and business administration from the University
of Kansas.
In connection with Mr. Gronberg's appointment, Mr. Gronberg will be entitled to
receive compensation and participate in benefits plans generally available to
the Company's other executives, including equity compensation and annual cash
incentive plans. These plans are described in the Company's definitive proxy
statement for its annual meeting of stockholders filed with the Securities and
Exchange Commission. Mr. Gronberg will also receive an equity award under the
Company's equity compensation plan consisting of restricted share units of
approximately $54,723 and share appreciation rights of approximately $187,582,
which are each expected to vest in three equal installments beginning on the
first anniversary of the grant date.
There is no arrangement or understanding pursuant to which Mr. Gronberg was
selected to serve as an officer of the Company and there are no related party
transactions between the Company and Mr. Gronberg that would require disclosure
under Item 404(a) of Regulation S-K. In addition, there are no family
relationships between Mr. Gronberg and any director or executive officer of the
Company.
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