Better Home & Finance (BETR) Proxy filing summary

Executive summary

• Two leading proxy advisors, Glass Lewis and ISS, recommended shareholders oppose Vishal Garg's campaign to remove a majority of the board.

• The Special Committee urged shareholders to revoke consent using the WHITE consent revocation card and criticized Garg's tactics as disruptive.

• Recent company initiatives include targeted cost reductions, a planned sale of the UK-based bank, and the upcoming launch of a wholesale program powered by TinmanGo.

• Forward-looking statements caution about risks and uncertainties, referencing recent SEC filings for detailed risk factors.

Voting matters and shareholder proposals

• Shareholders are being solicited to revoke consent for the removal of five board directors as proposed by Vishal Garg.

• The Special Committee unanimously recommends returning the WHITE consent revocation card and disregarding any green consent card from Garg.

Board of directors and corporate governance

• Glass Lewis and ISS found Garg's case for board change unconvincing, citing his leadership record and the company's value erosion.

• Removing five directors would leave significant influence over board reconstitution in the hands of Garg and a small group.

• The board and management are focused on executing strategic initiatives and maintaining stability.