Better Home & Finance (BETR) Proxy filing summary

Executive summary

• Board unanimously removed former CEO Vishal Garg and is seeking new leadership for the next phase of growth.

• Garg is conducting a campaign to regain his CEO position and replace a majority of the Board, which the Board claims is disruptive and harmful.

• The company emphasizes its mission to make homeownership more accessible and highlights its AI-driven mortgage platform and products.

• Interim CEO Daniel Lewis reassures employees of the company's stability and long-term growth prospects despite public disputes.

• Forward-looking statements caution about risks and uncertainties, referencing recent and upcoming SEC filings.

Voting matters and shareholder proposals

• Garg is soliciting shareholder support to remove current Board members and reinstate himself, but has not secured enough votes.

• The company will file a preliminary consent revocation statement and urges shareholders to read all related SEC filings.

• Shareholders are advised that no immediate action is required at this time.

Board of directors and corporate governance

• Board determined Garg is unfit for leadership after reviewing his performance and conduct.

• Board and executive team are managing public relations and shareholder engagement during the leadership transition.

• Information on Board members and their interests is available in recent SEC filings, with updates to be provided.