Better.com founder Vishal Garg seeks to oust five directors via written-consent campaign

Reuters2026/08/19 21:08

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Better’s board special committee launched a consent-revocation campaign to block founder-director Vishal Garg’s written-consent bid to reshape the board.
Garg is seeking stockholder consents to remove five of eight directors, handing remaining directors power to appoint replacements.
The committee urges investors to reject the effort and return a white revocation card to overturn any prior support.
Directors removed would include interim CEO Daniel Lewis, risking Nasdaq committee independence compliance and disrupting the leadership transition.
Better sued Garg on Aug. 18, 2026, alleging undisclosed group activity and misleading consent solicitations claiming majority backing.

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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-26-033756), on August 19, 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.com founder Vishal Garg seeks to oust five directors via written-consent campaign

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