Investment firm Late Apex Partners sent a letter to the Vail Resorts board calling for leadership change and detailed the deterioration of the skier experience.

A Vail Resorts investor made waves in the ski industry this week when he published a scathing report on the company, calling for the resignation of CEO Kirsten Lynch and former CEO Rob Katz,

Late Apex Partners, an investment firm with a stake in Vail Resorts, requested the replacement of the company's CEO, CFO, and Executive Chairperson.

Vail Resorts shareholder Late Apex Partners LLC has sent a letter to the resort company’s board expressing alarm at what the firm called deteriorating brand value and demanding change.  In the letter,

Shareholder Late Apex Partners said that Vail’s performance over the last five years has been unacceptable and called for major changes in the hospitality company.

Vail Resorts (NYSE:MTN) rose 3% as an investor is calling for the ouster of the company's chief executive officer, chief financial officer, and board changes at the ski resort operator. Late Apex Partners wants Vail Resorts CEO Kirsten Lynch and CFO Angela Korch to be replaced and the shareholder is calling for board Chairman Robert Katz to resign,

Vail Resorts (MTN) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

An investor in Vail Resorts says the company’s recent performance “has been unacceptable,” and is calling on the ski resort conglomerate to make sweeping changes following the Park City Mountain ski patrol strike.

Late Apex Partners lobbies for sweeping changes to Vail Resort’s strategy and leadership, including hiring of new CEO

Believes the Board’s Poor Judgment and Inability to Hold Management Accountable Have Put Vail’s Business and Shareholders at Great RiskOutlines

Vail Resorts issued its annual early season update to investors on Thursday, reporting that season-to-date total skier visits through Jan. 5

Late Apex Partners, an investor in Vail Resorts, calls for major restructuring to address Vail's underperformance. LAP suggests changes in leadership, capital allocation, and dividend cuts.