Better Home & Finance rejects former CEO board campaign

• Better Home & Finance’s Special Committee urged shareholders to reject former CEO Vishal Garg’s board consent solicitation.
• The company said Garg is seeking to remove five directors and return to a leadership role.
• Better outlined its current strategy focused on cost reductions, technology investments, and CEO succession.

Better Home & Finance Holding Company (NASDAQ:BETR) urged shareholders to reject former CEO Vishal Garg’s consent solicitation campaign, which seeks to remove five board members and install replacement directors.

The company said the campaign follows the Board’s decision earlier in August 2026 that Garg was not fit to continue leading Better as CEO, while Garg remains a director.

“Mr. Garg has launched a costly and distracting campaign to reconstitute the Board, reverse its decision and return himself to a leadership role at the Company,” said the Special Committee of the Better Home & Finance Holding Company Board of Directors.

The Special Committee said Better accumulated more than $2 billion in net losses during Garg’s previous leadership period and cited missed business targets, including revenue and loan origination goals, as reasons for the leadership change.

Better said it is pursuing a strategy focused on its Tinman technology platform, artificial intelligence capabilities, enterprise partnerships, HELOC products, and cost reduction initiatives.

The company stated that it expects to exceed its previously announced $45 million annualized cost savings target and is continuing efforts to identify a permanent CEO while advancing operational change