Better Home & Finance (BETR) Proxy filing summary

Executive summary

• Special Committee announced significant operational progress under new leadership, emphasizing a move away from founder-led management.

• Interim CEO Daniel Lewis's appointment was supported by all directors except the founder, following careful deliberation.

• Company remains within published Q3 guidance and expects a return to growth, with strong initial results from a new partnership.

• Forward-looking statements highlight anticipated cost reductions, new program launches, and ongoing sale of the UK-based bank.

• Stakeholder feedback indicates improved morale and clarity under current leadership, reinforcing the Special Committee's direction.

Voting matters and shareholder proposals

• Board appointed a Special Committee to address a campaign by the founder to remove a majority of directors.

• Company filed a preliminary consent revocation statement and plans to file a definitive statement opposing the founder's solicitation.

• Shareholders are urged to review all consent revocation materials when available.

Board of directors and corporate governance

• Special Committee members have experience across financial services, technology, and other industries.

• Board is unified in its view that the founder should have no ongoing operating role due to past performance and cultural impact.

• Board is conducting a search for a permanent CEO, with confidence in interim leadership.