Better Home & Finance (BETR) Proxy filing summary

Executive summary

• Leadership change was prompted by sequential revenue declines, missed targets, and lack of strategic discipline.

• Interim CEO Daniel Lewis and all directors except Vishal Garg concluded Garg should not return to an operating role.

• Cost reductions now exceed $45 million annually, and employee feedback has improved.

• The company is focused on three scalable channels: wholesale distribution, remarketing/data rights (HELOC), and consumer choice platforms.

• The CEO search is independent, with Lewis not involved in the process or committee.

Voting matters and shareholder proposals

• Shareholders are urged to sign and return the WHITE Consent Revocation Card to support current leadership.

• The proxy contest centers on control of the Board and the company's future direction.

Board of directors and corporate governance

• All directors except Garg independently determined he should not return to an operating role.

• Board members, including the former CEO of Fannie Mae, have threatened to leave if Garg returns.

• The Board is building a skills matrix and running an independent CEO search.