{"id":1003905,"date":"2026-09-16T10:14:59","date_gmt":"2026-09-16T14:14:59","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/second-leading-independent-proxy-advisor-glass-lewis-recommends-better-home-finance-shareholders-oppose-vishal-gargs-campaign-to-remove-a-majority-of-the-board\/"},"modified":"2026-09-16T10:14:59","modified_gmt":"2026-09-16T14:14:59","slug":"second-leading-independent-proxy-advisor-glass-lewis-recommends-better-home-finance-shareholders-oppose-vishal-gargs-campaign-to-remove-a-majority-of-the-board","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/second-leading-independent-proxy-advisor-glass-lewis-recommends-better-home-finance-shareholders-oppose-vishal-gargs-campaign-to-remove-a-majority-of-the-board\/","title":{"rendered":"Second Leading Independent Proxy Advisor Glass Lewis Recommends Better Home &amp; Finance Shareholders Oppose Vishal Garg\u2019s Campaign to Remove a Majority of the Board"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }\n.bwmarginl1 { margin-left: 30px }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Second Leading Independent Proxy Advisor Glass Lewis Recommends Better Home &amp; Finance Shareholders Oppose Vishal Garg\u2019s Campaign to Remove a Majority of the Board<\/b><\/p>\n<p class=\"bwalignc\"><i>Glass Lewis Concludes Mr. Garg \u201cHas Not Presented a Sufficiently Compelling or Consistent Case\u201d for Board Change<\/i><\/p>\n<p class=\"bwalignc\"><i>Joins ISS in Recommending Shareholders \u201c<b>REVOKE CONSENT<\/b>\u201d on the <b><span class=\"bwuline\">WHITE<\/span><\/b>Consent Revocation Card<\/i><\/p>\n<p class=\"bwalignc\"><i>Special Committee Reiterates Its Call for Vishal Garg to End His Costly and Distracting Campaign and Allow Better to Move Forward<\/i><\/p>\n<p>NEW YORK&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nThe Special Committee of the Board of Directors (the \u201cSpecial Committee\u201d) of Better Home &amp; Finance Holding Company (NASDAQ: BETR) (\u201cBetter\u201d or the \u201cCompany\u201d), today announced that a second independent proxy advisory firm, Glass, Lewis &amp; Co., LLC (\u201cGlass Lewis\u201d), has recommended that Better shareholders not provide consent on Vishal Garg\u2019s green consent card and instead \u201cREVOKE CONSENT\u201d on Better\u2019s <b><span class=\"bwuline\">WHITE<\/span><\/b> consent revocation card.<\/p>\n<p>\nLike Institutional Shareholder Services (\u201cISS\u201d), Glass Lewis concluded that Mr. Garg has failed to make a persuasive case for a change in the composition of the Company\u2019s Board of Directors (the \u201cBoard\u201d).<\/p>\n<p>\nIn making its recommendation, Glass Lewis noted:<sup>1<\/sup><\/p>\n<ul class=\"bwlistdisc\">\n<li>\n\u201cAs Better&#8217;s founder and longtime CEO, Mr. Garg exercised substantial influence over the Company&#8217;s strategy and performance over an extended period. During that time, shareholders experienced substantial value erosion following the Company&#8217;s public listing and Better remained materially unprofitable\u2026\u201d<\/p>\n<\/li>\n<li>\n\u201cMr. Garg&#8217;s lengthy leadership record, the Company&#8217;s prolonged value erosion and continued lack of profitability, the failure to achieve important operating objectives and the subsequent instability and shifting positions reflected in [Mr. Garg\u2019s] campaign collectively weigh against concluding that such extensive board change is presently warranted.\u201d<\/p>\n<\/li>\n<li>\n\u201c[Mr. Garg] has not demonstrated that removing five directors and potentially restoring [himself] to an executive role would offer shareholders a sufficiently clear or credible path to a superior outcome.\u201d<\/p>\n<\/li>\n<li>\n\u201c[A]pproval of [Mr. Garg\u2019s] Removal Proposal would do far more than simply signal dissatisfaction with the incumbent board. It would remove a majority of directors and leave significant influence over the board&#8217;s reconstitution in the hands of Mr. Garg and the small number of remaining directors\u2026\u201d<\/p>\n<\/li>\n<\/ul>\n<p>\nThe Special Committee commented:<\/p>\n<p class=\"bwmarginl1\">\n\u201cWe are pleased that two leading independent proxy advisory firms, Glass Lewis and ISS, have rejected Mr. Garg\u2019s effort to remove five of Better\u2019s qualified and experienced directors and seize control of the Board.<\/p>\n<p class=\"bwmarginl1\">\nFor weeks, Mr. Garg has been insisting loudly and consistently that he has the support of a majority of the voting power of the Company. However, he missed two self-imposed deadlines to deliver the requisite written consents in August. Then, after weeks of aggressive solicitation\u2014including a barrage of press releases, social media posts, emails and telephone calls\u2014Mr. Garg missed his <i>third<\/i> deadline on September 8.<\/p>\n<p class=\"bwmarginl1\">\nMr. Garg has likewise failed to convince two leading independent proxy advisory firms of the merits of his cause. Meanwhile, in his increasingly desperate attempt to cajole shareholders into backing his revenge campaign, he has resorted to peddling falsehoods, pressuring Better employees for their votes and launching baseless personal attacks through social media.<\/p>\n<p class=\"bwmarginl1\">\nDespite the distraction of Mr. Garg\u2019s campaign, the Company has made substantial progress over the last few weeks. Better is continuing to implement targeted cost reductions, advancing the process to sell its U.K.-based bank and preparing for the launch of the Better wholesale program, powered by TinmanGo. We are confident that these actions will strengthen the Company, and we are focused on ensuring that this momentum continues.<\/p>\n<p class=\"bwmarginl1\">\nMr. Garg\u2019s scorched-earth tactics do not serve the interests of the shareholders, employees and other stakeholders he claims to care so much about. On the contrary, his relentless repetition of baseless allegations and innuendo has caused needless disruption at a time when focus and disciplined execution are essential.<\/p>\n<p class=\"bwmarginl1\">\nEnough is enough. Better is moving forward. We again call on Mr. Garg to do the same by ending his costly and distracting consent solicitation so that Better\u2019s Board and management team can devote their full attention to advancing the Company\u2019s strategy and capitalizing on the significant opportunities ahead.\u201d<\/p>\n<p>\nThe Special Committee unanimously recommends that shareholders sign, date and return the <b><span class=\"bwuline\">WHITE<\/span><\/b> consent revocation card and disregard any green consent card received from Mr. Garg. Shareholders who have previously signed and returned a green consent card may revoke that consent by signing, dating and returning the Company\u2019s <b><span class=\"bwuline\">WHITE<\/span><\/b> consent revocation card.<\/p>\n<p>\nShareholders who have questions regarding the consent solicitation or need assistance revoking a previously submitted consent should contact the Company\u2019s proxy solicitor:<\/p>\n<p class=\"bwalignc\"><b>Saratoga Proxy Consulting LLC<br \/>\n<br \/><\/b>(212) 257-1311 \/ (888) 368-0379<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:info@saratogaproxy.com\">info@saratogaproxy.com<\/a><\/p>\n<p><b>About Better<\/b><\/p>\n<p>\nBetter Home &amp; Finance Holding Company (NASDAQ: BETR) is the first AI-native mortgage and home equity finance platform, and first fintech to fund more than $110 billion in loan volume. Better has leveraged its industry-leading AI platform, Tinman\u00ae, to achieve its singular mission of making homeownership cheaper, faster, and easier for all Americans. Tinman\u00ae allows customers to see their rate options in seconds, get pre-approved in minutes, lock in rates, and close their loan in as little as three weeks. In addition, Betsy\u2122, the first AI loan agent built exclusively for the mortgage industry, revolutionizes the homebuying journey by answering questions, delivering approvals, comparing products, processing rate locks, and moving their loan application along to closing 24\/7\/365. Better\u2019s mortgage offerings include GSE-conforming mortgage loans, FHA and VA loans, and jumbo mortgage and home equity loans. Better serves customers in all 50 US states and the United Kingdom.<\/p>\n<p>\nFor more information, follow @SaveBETR and @betrmortgage on X and @betterdotcom on Instagram and TikTok.<\/p>\n<p><b>Forward-looking Statements<\/b><\/p>\n<p>\nThis press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this press release that are not historical facts should be considered forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as \u201cbelieve,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cestimate,\u201d \u201cpotential,\u201d \u201ccontinue,\u201d \u201canticipate,\u201d \u201cintend,\u201d \u201cexpect,\u201d \u201ccould,\u201d \u201cwould,\u201d \u201cproject,\u201d \u201cplan,\u201d \u201ctarget,\u201d or the negatives of these terms or variations of them or similar terminology. Forward-looking statements are inherently subject to risks and uncertainties which could cause actual future events to differ materially from those expressed or implied by the forward-looking statements in this communication. These risks and uncertainties include those risks discussed in the section entitled \u201cRisk Factors\u201d in the Company\u2019s Annual Report on Form 10-K for the year ended December 31, 2025 and the Company\u2019s Quarterly Reports on Form 10-Q for the quarters ended March 31, 2026 and June 30, 2026, as any such factors may be updated from time to time in the Company\u2019s other filings with the SEC. New risks and uncertainties arise from time to time, and it is impossible for Better to predict these events or how they may affect us. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Better undertakes no obligation, except as required by law, to update or revise the forward-looking statements, whether as a result of new information, changes in expectations, future events or otherwise.<\/p>\n<p><b>Important Additional Information and Where to Find It<\/b><\/p>\n<p>\nThe Company has filed with the U.S. Securities and Exchange Commission (the &#8220;SEC&#8221;) a definitive consent revocation statement dated August 28, 2026, together with an accompanying WHITE consent revocation card, in opposition to the solicitation of written consents by Vishal Garg and the members of his group (collectively, the &#8220;Garg Group&#8221;) seeking to remove members of the Company&#8217;s Board of Directors. INVESTORS AND STOCKHOLDERS ARE URGED TO READ THE CONSENT REVOCATION STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER DOCUMENTS THE COMPANY FILES WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and stockholders will be able to obtain copies of the consent revocation statement, any amendments or supplements thereto and any other documents filed by the Company with the SEC free of charge at the SEC&#8217;s website (<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=54605184&amp;newsitemid=20260916608957&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=1&amp;md5=40bd3cbf7da9626566913d505ac14546\">www.sec.gov<\/a>) and at the Company&#8217;s investor relations website (investors.better.com).<\/p>\n<p><b>Participants in the Solicitation<\/b><\/p>\n<p>\nThe Company, each member of its Board of Directors and certain of its employees and executive officers, namely Loveen Advani, Daniel Lewis (by virtue of his status as Interim Chief Executive Officer), and Paula Tuffin, may be deemed to be \u201cparticipants\u201d (as defined in Instruction 3 to Item 4 of Schedule 14A under the Securities Exchange Act of 1934, as amended) in the solicitation of revocations of consent from the Company&#8217;s stockholders in connection with the Garg Group&#8217;s consent solicitation. Information regarding such persons and their direct or indirect interests in the Company, by security holdings or otherwise, is set forth in the Company&#8217;s definitive consent revocation statement, filed with the SEC on August 28, 2026. This document may be obtained free of charge from the sources indicated above.<\/p>\n<p><sup>1<\/sup> Glass Lewis report, September 15, 2026. Emphasis added. Permission to use quotes neither sought nor obtained.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260916608957r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20260916608957\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260916608957\/en\/<\/a><\/span><\/p>\n<p><b>Media Contact<br \/>\n<\/b><\/p>\n<p>Better Home &amp; Finance<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:comms@better.com\">comms@better.com<br \/>\n<\/a><\/p>\n<p><b>Investor Contacts<br \/>\n<\/b><\/p>\n<p>Better Home &amp; Finance<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:ir@better.com\">ir@better.com<br \/>\n<\/a><\/p>\n<p>John Ferguson \/ Joseph Mills<br \/>\n<br \/>Saratoga Proxy Consulting LLC<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:jferguson@saratogaproxy.com\">jferguson@saratogaproxy.com<br \/>\n<\/a><br \/><a rel=\"nofollow\" href=\"mailto:jmills@saratogaproxy.com\">jmills@saratogaproxy.com<br \/>\n<\/a><br \/>(212) 257-1311<br \/>\n<br \/>(888) 368-0379<\/p>\n<p><b>KEYWORDS:<\/b> United States North America New York<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Software Construction &amp; Property Finance Artificial Intelligence Professional Services Technology Fintech Residential Building &amp; Real Estate<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20260916608957\/en\/2684109\/3\/Better_Logo_-_Black.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Second Leading Independent Proxy Advisor Glass Lewis Recommends Better Home &amp; Finance Shareholders Oppose Vishal Garg\u2019s Campaign to Remove a Majority of the Board Glass Lewis Concludes Mr. Garg \u201cHas Not Presented a Sufficiently Compelling or Consistent Case\u201d for Board Change Joins ISS in Recommending Shareholders \u201cREVOKE CONSENT\u201d on the WHITEConsent Revocation Card Special Committee Reiterates Its Call for Vishal Garg to End His Costly and Distracting Campaign and Allow Better to Move Forward NEW YORK&#8211;(BUSINESS WIRE)&#8211; The Special Committee of the Board of Directors (the \u201cSpecial Committee\u201d) of Better Home &amp; Finance Holding Company (NASDAQ: BETR) (\u201cBetter\u201d or the \u201cCompany\u201d), today announced that a second independent proxy advisory firm, Glass, Lewis &amp; Co., LLC (\u201cGlass Lewis\u201d), has recommended that &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/second-leading-independent-proxy-advisor-glass-lewis-recommends-better-home-finance-shareholders-oppose-vishal-gargs-campaign-to-remove-a-majority-of-the-board\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Second Leading Independent Proxy Advisor Glass Lewis Recommends Better Home &amp; Finance Shareholders Oppose Vishal Garg\u2019s Campaign to Remove a Majority of the Board&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1003905","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Second Leading Independent Proxy Advisor Glass Lewis Recommends Better Home &amp; Finance Shareholders Oppose Vishal Garg\u2019s Campaign to Remove a Majority of the Board - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/second-leading-independent-proxy-advisor-glass-lewis-recommends-better-home-finance-shareholders-oppose-vishal-gargs-campaign-to-remove-a-majority-of-the-board\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Second Leading Independent Proxy Advisor Glass Lewis Recommends Better Home &amp; Finance Shareholders Oppose Vishal Garg\u2019s Campaign to Remove a Majority of the Board - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Second Leading Independent Proxy Advisor Glass Lewis Recommends Better Home &amp; Finance Shareholders Oppose Vishal Garg\u2019s Campaign to Remove a Majority of the Board Glass Lewis Concludes Mr. Garg \u201cHas Not Presented a Sufficiently Compelling or Consistent Case\u201d for Board Change Joins ISS in Recommending Shareholders \u201cREVOKE CONSENT\u201d on the WHITEConsent Revocation Card Special Committee Reiterates Its Call for Vishal Garg to End His Costly and Distracting Campaign and Allow Better to Move Forward NEW YORK&#8211;(BUSINESS WIRE)&#8211; The Special Committee of the Board of Directors (the \u201cSpecial Committee\u201d) of Better Home &amp; Finance Holding Company (NASDAQ: BETR) (\u201cBetter\u201d or the \u201cCompany\u201d), today announced that a second independent proxy advisory firm, Glass, Lewis &amp; Co., LLC (\u201cGlass Lewis\u201d), has recommended that &hellip; Continue reading &quot;Second Leading Independent Proxy Advisor Glass Lewis Recommends Better Home &amp; Finance Shareholders Oppose Vishal Garg\u2019s Campaign to Remove a Majority of the Board&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/second-leading-independent-proxy-advisor-glass-lewis-recommends-better-home-finance-shareholders-oppose-vishal-gargs-campaign-to-remove-a-majority-of-the-board\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-09-16T14:14:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260916608957r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/second-leading-independent-proxy-advisor-glass-lewis-recommends-better-home-finance-shareholders-oppose-vishal-gargs-campaign-to-remove-a-majority-of-the-board\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/second-leading-independent-proxy-advisor-glass-lewis-recommends-better-home-finance-shareholders-oppose-vishal-gargs-campaign-to-remove-a-majority-of-the-board\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Second Leading Independent Proxy Advisor Glass Lewis Recommends Better Home &amp; 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The Special Committee of the Board of Directors (the \u201cSpecial Committee\u201d) of Better Home &amp; Finance Holding Company (NASDAQ: BETR) (\u201cBetter\u201d or the \u201cCompany\u201d), today announced that a second independent proxy advisory firm, Glass, Lewis &amp; Co., LLC (\u201cGlass Lewis\u201d), has recommended that &hellip; Continue reading \"Second Leading Independent Proxy Advisor Glass Lewis Recommends Better Home &amp; Finance Shareholders Oppose Vishal Garg\u2019s Campaign to Remove a Majority of the Board\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/second-leading-independent-proxy-advisor-glass-lewis-recommends-better-home-finance-shareholders-oppose-vishal-gargs-campaign-to-remove-a-majority-of-the-board\/","og_site_name":"Market Newsdesk","article_published_time":"2026-09-16T14:14:59+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260916608957r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"8 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/second-leading-independent-proxy-advisor-glass-lewis-recommends-better-home-finance-shareholders-oppose-vishal-gargs-campaign-to-remove-a-majority-of-the-board\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/second-leading-independent-proxy-advisor-glass-lewis-recommends-better-home-finance-shareholders-oppose-vishal-gargs-campaign-to-remove-a-majority-of-the-board\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Second Leading Independent Proxy Advisor Glass Lewis Recommends Better Home &amp; 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