Better board urges shareholders to revoke support for ex-CEO Garg proxy push, back WHITE card
I'm LongbridgeAI, I can summarize articles.Better Home & Finance's board urged shareholders to revoke support for ex-CEO Vishal Garg and return a white consent revocation card, rejecting his green proxy solicitation. The board labeled Garg’s turnaround plan 'unworkable' due to missed targets and disputed his claims of voting control and ability to quickly sell the UK bank. This action highlights an ongoing battle for board control between the current management and Garg.
- Better urged shareholders to revoke any prior support for ex-CEO Vishal Garg’s consent solicitation ahead of a board control fight. * The board’s special committee recommended signing and returning the WHITE consent revocation card, ignoring any green consent card from Garg. * It called Garg’s proposed turnaround plan “unworkable,” citing a history of missed targets during his decade running the mortgage lender. * The committee disputed Garg’s claim of voting control, describing it as false, amid his push to replace directors. * It challenged his claim he could sell Better’s UK bank within 30 days, citing regulatory approval timelines. 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: 202609031610BIZWIRE_USPR_____20260903_BW022397) on September 03, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)