Better founder Vishal Garg seeks written consents to oust five directors, regain control of board

Reuters2026/08/28 11:44

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Board special committee urged stockholders to reject Vishal Garg’s written-consent campaign to remove five of eight directors without naming replacements.
Garg’s proposals sought bylaw rollbacks to the August 22, 2023 version, followed by director removals that would leave three directors to fill vacancies.
Consent threshold set at 13,103,411 votes, a majority of voting power as of the August 21, 2026 record date, under Delaware law.
Board said the bylaw proposal would have no effect unless the bylaws are amended before the solicitation ends, which it does not plan.
Company disclosed about USD 2.1 million in activism-related costs to date, with total spending estimated at about USD 3.5 million.

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: 0001140361-26-034776), on August 28, 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 founder Vishal Garg seeks written consents to oust five directors, regain control of board

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