4 unchanged sentences
In fiscal 2011, our Board of Directors approved the commencement of a regular quarterly cash dividend on our common stock, subject to quarterly declaration, which has typically been increased on an annual basis.
−Removed: The amount, if any, of dividends to be paid in the future will depend on our available cash on hand, anticipated cash needs, overall financial condition, restrictions contained in our Eighth Amended and Restated Credit Agreement (the “Vail Holdings Credit Agreement”), future prospects for earnings and cash flows, as well as other factors considered relevant by our Board of Directors.
+Added: The amount, if any, of dividends to be paid in the future will depend on our available cash on hand, anticipated cash needs, overall financial condition, restrictions contained in our Ninth Amended and Restated Credit Agreement (the “Vail Holdings Credit Agreement”), future prospects for earnings and cash flows, as well as other factors considered relevant by our Board of Directors.
On September 25, 2024, our Board of Directors approved a cash dividend of $2.22 per share payable on October 24, 2024 to stockholders of record as of October 8, 2024.
1 unchanged sentence
Repurchase of Equity Securities
−Removed: The following table sets forth our purchases of shares of our common stock during the fourth quarter of Fiscal 2023:
+Added: The following table sets forth our purchases of shares of our common stock during the fourth quarter of our fiscal year ended July 31, 2024 (“Fiscal 2024”):
Period Total Number of
18 unchanged sentences
As of July 31, 2024, 630,320 shares remained available to repurchase under the existing repurchase authorization.
+Added: On September 25, 2024, the Company’s Board of Directors approved an increase in the number of shares authorized to be repurchased under the share repurchase program by an additional 1,100,000 Vail Shares.
+Added: As a result, 1,730,320 Vail Shares are available to repurchase under the share repurchase program.
Repurchases under these authorizations may be made from time to time at prevailing prices as permitted by applicable laws, including under plans complying with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, and subject to market conditions and other factors.
2 unchanged sentences
Performance Graph
−Removed: The total return graph below is presented for the period from the beginning of our fiscal year ended July 31, 2019 through the end of our fiscal year ended July 31, 2023 (“Fiscal 2023”).
+Added: The total return graph below is presented for the period from the beginning of our fiscal year ended July 31, 2020 through the end of Fiscal 2024.
The comparison assumes that $100 was invested at the beginning of the period in our common stock (“MTN”), The Russell 2000 Stock Index, The Standard & Poor’s 500 Stock Index and the Dow Jones U.S.
−Removed: Travel and Leisure Stock Index, with dividends reinvested where applicable.
+Added: Travel and Leisure
+Added: Stock Index, with dividends reinvested where applicable.
We include the Dow Jones U.S.
12 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.