SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report: November 6, 1997
Date of earliest event reported: November 6, 1997
VAIL RESORTS, INC.
(Exact name of registrant as specified in its charter)
Delaware 1-9614 51-0291762
(State or other (Reporting File (I.R.S. Employer
jurisdiction of organization) Number) Identification No.)
137 Benchmark Road
Avon, Colorado 81620
(Address of principal executive offices) (Zip Code)
(970) 476-5601
(Registrant's telephone number, including area code)
Item 5. Other Events
On November 6, 1997 Vail Resorts, Inc. (the "Company") announced financial
results for the fiscal year and fourth fiscal quarter ended September 30, 1997.
A copy of the press release setting forth such results is filed as an Exhibit
hereto.
The Company also announced that it has changed its fiscal year-end to July
31 from September 30. The Company stated that the change in the fiscal year-end
would ensure that every fiscal year revenues from the Christmas and New Year
holidays will be captured entirely in the second fiscal quarter ending January
31 and revenues from the Easter holiday will be captured entirely in the third
quarter ending April 30, allowing for more accurate year-to-year quarterly
comparisons. As a result, the vast majority of the ski season will be reported
in the second and third fiscal quarters. Filed as an Exhibit hereto are revenues
by business line and consolidated quarterly results restated to reflect what
such revenues and results would have been if the Company's fiscal year had ended
on July 31, 1997, giving pro forma effect to the acquisition of Ralston Resorts
and the Company's initial public offering as if they had occurred on August 1,
1996. The pro forma data is not intended to be indicative of either future
results of operations or results that might have been achieved had such
transactions actually occurred on such date.
Item 7. Financial Statements and Exhibits
(c) Exhibits
99.1 Press release dated November 6, 1997.
99.2 Vail Resorts, Inc., Restated Pro Forma Revenue by Business
Line and Restated Pro Forma Consolidated Quarterly Results.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
VAIL RESORTS, INC.
By: /s/ James S. Mandel
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Name: James S. Mandel
Title: Senior Vice President,
General Counsel and
Secretary
Date: November 6, 1997
Exhibit Index
Exhibit
Number Exhibit
99.1 Press release dated November 6, 1997.
99.2 Vail Resorts, Inc., Restated Pro Forma Revenue by Business
Line and Restated Pro Forma Consolidated Quarterly Results.