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Explain this story: Majority-backed consents remove directors without cause at Better Home & Finance (BETR).
Better Home & Finance (BETR) reported that a stockholder consent solicitation successfully removed five directors without cause on October 5, 2026. The proposals were effectuated after the independent election inspector certified the results, following written consents delivered by September 30, 2026, representing a majority of the outstanding voting power. Reporting person Vishal Garg holds a beneficial ownership of 13.7% of Class A common stock, encompassing directly held shares, convertible Class B shares, exercisable options, and shares held by an LLC and a trust.
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Better Home & Finance (BETR) reported that a stockholder consent solicitation successfully removed five directors without cause on October 5, 2026. The proposals were effectuated after the independent election inspector certified the results, following written consents delivered by September 30, 2026, representing a majority of the outstanding voting power. Reporting person Vishal Garg holds a beneficial ownership of 13.7% of Class A common stock, encompassing directly held shares, convertible Class B shares, exercisable options, and shares held by an LLC and a trust.
Published Oct 5, 2026, 19:05 ET · on this site +2h 5m