Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On December 27, 2012, the Board of Directors of Vail Resorts, Inc. (the "Company") appointed Mark L. Schoppet as Interim Chief Financial Officer, effective December 31, 2012 upon the previously announced retirement of Jeffrey W. Jones, the Company's Chief Financial Officer and President - Lodging, Retail and Real Estate. The Company is currently engaged in a search for a permanent Chief Financial Officer and Mr. Schoppet will serve as Interim Chief Financial Officer until a permanent Chief Financial Officer is appointed. Mr. Schoppet will also continue in his role as Senior Vice President, Controller and Chief Accounting Officer.

Mr. Schoppet, age 53, was appointed Senior Vice President, Controller and Chief Accounting Officer of the Company in April 2010. He previously served as Vice President, Controller and Chief Accounting Officer from October 2008 to April 2010 and as Vice President and Controller from November 2005 to October 2008. Before joining the Company as a consultant in 2004, Mr. Schoppet was Managing Partner of the Little Rock, Arkansas office of Arthur Andersen LLP and has more than 20 years of public accounting experience.

---