Vail Resorts, Inc. filed a notice on October 16 with the Securities and Exchange Commission (SEC) that Chief Marketing Officer Ryan Bennett would no longer be with the company, effective October 20, 2023.
Regarding Bennett’s departure, which the company is treating as an involuntary separation under its executive severance policy, Vail Resorts expects to enter into a Severance Agreement and General Release with the now-former CMO Bennett.
Under the Severance Agreement, which includes a general release of claims by Bennett against the company, he is entitled to receive standard severance benefits under the company’s Executive Severance Policy, which are described in the company’s Proxy Statement for its Annual Meeting of Stockholders held on December 7, 2022, and filed with the SEC on October 24, 2022.
Bennett will reportedly receive his annual cash incentive award under the company’s Management Incentive Plan earned for the fiscal year that ended July 31, 2023.
Photo courtesy Vail Resorts
