Better calls on ex-CEO Garg to drop bid to oust board, retake top job ahead of shareholder vote

Reuters2026/08/17 11:21

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Better urged former CEO Vishal Garg to halt a shareholder consent campaign seeking to replace most directors and reinstate him.
The board removed Garg as CEO two weeks earlier, without his participation, then began a search for a new leader.
Better alleged Garg unlawfully solicited shareholders, misrepresented facts, and still lacks votes even with super-voting Class B shares.
Company tied the dispute to performance, citing more than $1.5 billion in losses since 2022 and a share decline of over 90%.
Better told shareholders no action is required now while it prepares materials opposing Garg’s consent solicitation.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Better Home & Finance Holding Company published the original content used to generate this news brief via Business Wire (Ref. ID: 202608170721BIZWIRE_USPR_____20260817_BW657528) on August 17, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Better calls on ex-CEO Garg to drop bid to oust board, retake top job ahead of shareholder vote

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