Vail Resorts has stepped up its defense in an ongoing proxy battle with activist investor Oasis Management. In a recent SEC filing, Vail raised conflict-of-interest questions about Matthew Prince, the billionaire founder of Cloudflare, and his connections to two of Oasis’s four board nominees. Vail suggested Prince was involved in identifying the nominees.
Prince has publicly expressed interest in acquiring Park City Mountain resort from Vail. The company recommended that shareholders reject all four of Oasis’s nominees and vote for Vail’s incumbent directors.
The shareholder vote will take place at an annual meeting that has not yet been scheduled. Its outcome could influence Vail’s strategy and board composition.