{"id":995432,"date":"2026-08-14T08:35:36","date_gmt":"2026-08-14T12:35:36","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/better-home-finance-holding-company-responds-to-terminated-ceo-vishal-gargs-latest-attempt-to-gain-control-of-the-company\/"},"modified":"2026-08-14T08:35:36","modified_gmt":"2026-08-14T12:35:36","slug":"better-home-finance-holding-company-responds-to-terminated-ceo-vishal-gargs-latest-attempt-to-gain-control-of-the-company","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/better-home-finance-holding-company-responds-to-terminated-ceo-vishal-gargs-latest-attempt-to-gain-control-of-the-company\/","title":{"rendered":"Better Home &amp; Finance Holding Company Responds to Terminated CEO Vishal Garg\u2019s Latest Attempt to Gain Control of the Company"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }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>Better Home &amp; Finance Holding Company Responds to Terminated CEO Vishal Garg\u2019s Latest Attempt to Gain Control of the Company<\/b><\/p>\n<p class=\"bwalignc\">\nNotes that Better\u2019s Corporate Documents \u2013 Approved by Garg Himself \u2013 Provide a Method for Shareholders to Act, Which Garg is Refusing to Follow<\/p>\n<p class=\"bwalignc\">\nBoard Has Acted and Will Act in Shareholders\u2019 Best Interests<\/p>\n<p class=\"bwalignc\">\nBoard Encourages Shareholders to Be Informed About Garg\u2019s Value-Destructive Track Record<\/p>\n<p>NEW YORK&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nBetter Home &amp; Finance Holding Company (NASDAQ: BETR) (\u201cBetter\u201d or the \u201cCompany\u201d) today issued the following statement regarding the efforts by its former Chief Executive Officer and current director, Vishal Garg, to gain control of the Company after years of value destructive leadership:<\/p>\n<p>\nThe Board of Directors (the \u201cBoard\u201d), excluding Mr. Garg, unanimously voted to terminate Mr. Garg as Chief Executive Officer following a series of decisions and actions that raised serious concerns regarding his judgment, temperament and credibility. Together with Mr. Garg\u2019s track record\u2014including cumulative GAAP net losses exceeding $1.5 billion since 2022 and a stock price that had declined more than 90% under his leadership\u2014the Board concluded that Mr. Garg was no longer fit to serve in an executive capacity at the Company.<\/p>\n<p>\nMr. Garg himself told the Board that the Company would have been better off had the capital raised under his leadership simply been invested in U.S. Treasury securities rather than deployed under his stewardship.<\/p>\n<p>\nMr. Garg is seeking to return to an executive post at Better. Last night, he issued a press release calling on five directors to resign of their own volition and hand effective control back to Mr. Garg. Earlier this week, Mr. Garg refused to timely execute mandatory representation letters required for the Company to file its Form 10-Q, seemingly in an effort to extract self-serving concessions from the Company and its directors. His refusal to execute the required representation was the sole cause of the delayed filing.<\/p>\n<p>\nThe Board is committed to acting in the best interest of all shareholders and will not be bullied into actions that they do not believe serve those interests. The Company\u2019s foundational documents provide methods for shareholders to control the composition of the Board and, indirectly, the leadership of the Company. The Board respects the rights of shareholders to use these processes, but also recognizes that the governance processes, which were adopted during Mr. Garg\u2019s tenure as CEO, have formalities and requirements that protect all shareholders.<\/p>\n<p>\nThe Board\u2019s concerns extend beyond matters of corporate governance. The Board has reviewed communications that, based on counsel\u2019s analysis, evidence Mr. Garg\u2019s direct involvement in conduct that counsel believes may constitute violations of U.S. securities laws. The Board will no more waive or disregard the procedural protections and disclosure requirements imposed by the federal securities laws than it will abandon its independent business judgment regarding the leadership needs of the Company.<\/p>\n<p>\nShareholders do not need to take any action at this time.<\/p>\n<p><b>ABOUT BETTER HOME &amp; FINANCE<\/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<sup>\u00ae<\/sup>, to achieve its singular mission of making homeownership cheaper, faster, and easier for all Americans. Tinman<sup>\u00ae<\/sup> 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 @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 fact should be considered forward-looking statements, including, without limitation, statements and expectations regarding the Company&#8217;s leadership transition. 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, as any such factors may be updated from time to time in the Company\u2019s other filings with the SEC, which is available, free of charge, at the SEC\u2019s website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.sec.gov%2F&amp;esheet=54589391&amp;newsitemid=20260814387926&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=1&amp;md5=e1d136999e88984e3fed83a6f5706e4a\">www.sec.gov<\/a>. 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><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260814387926r1&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\/20260814387926\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260814387926\/en\/<\/a><\/span><\/p>\n<p>\nFor investor relations related inquiries, please reach out to <a rel=\"nofollow\" href=\"mailto:ir@better.com\">ir@better.com<\/a><\/p>\n<p>\nFor press and media related inquiries, please reach out to <a rel=\"nofollow\" href=\"mailto:comms@better.com\">comms@better.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> New York United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Technology Finance Fintech Banking Other Technology Professional Services Software Other Professional Services Artificial Intelligence<\/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\/20260814387926\/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>Better Home &amp; Finance Holding Company Responds to Terminated CEO Vishal Garg\u2019s Latest Attempt to Gain Control of the Company Notes that Better\u2019s Corporate Documents \u2013 Approved by Garg Himself \u2013 Provide a Method for Shareholders to Act, Which Garg is Refusing to Follow Board Has Acted and Will Act in Shareholders\u2019 Best Interests Board Encourages Shareholders to Be Informed About Garg\u2019s Value-Destructive Track Record NEW YORK&#8211;(BUSINESS WIRE)&#8211; Better Home &amp; Finance Holding Company (NASDAQ: BETR) (\u201cBetter\u201d or the \u201cCompany\u201d) today issued the following statement regarding the efforts by its former Chief Executive Officer and current director, Vishal Garg, to gain control of the Company after years of value destructive leadership: The Board of Directors (the \u201cBoard\u201d), excluding Mr. Garg, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/better-home-finance-holding-company-responds-to-terminated-ceo-vishal-gargs-latest-attempt-to-gain-control-of-the-company\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Better Home &amp; Finance Holding Company Responds to Terminated CEO Vishal Garg\u2019s Latest Attempt to Gain Control of the Company&#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-995432","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Better Home &amp; Finance Holding Company Responds to Terminated CEO Vishal Garg\u2019s Latest Attempt to Gain Control of the Company - 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\/better-home-finance-holding-company-responds-to-terminated-ceo-vishal-gargs-latest-attempt-to-gain-control-of-the-company\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Better Home &amp; Finance Holding Company Responds to Terminated CEO Vishal Garg\u2019s Latest Attempt to Gain Control of the Company - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Better Home &amp; Finance Holding Company Responds to Terminated CEO Vishal Garg\u2019s Latest Attempt to Gain Control of the Company Notes that Better\u2019s Corporate Documents \u2013 Approved by Garg Himself \u2013 Provide a Method for Shareholders to Act, Which Garg is Refusing to Follow Board Has Acted and Will Act in Shareholders\u2019 Best Interests Board Encourages Shareholders to Be Informed About Garg\u2019s Value-Destructive Track Record NEW YORK&#8211;(BUSINESS WIRE)&#8211; Better Home &amp; Finance Holding Company (NASDAQ: BETR) (\u201cBetter\u201d or the \u201cCompany\u201d) today issued the following statement regarding the efforts by its former Chief Executive Officer and current director, Vishal Garg, to gain control of the Company after years of value destructive leadership: The Board of Directors (the \u201cBoard\u201d), excluding Mr. Garg, &hellip; 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Better Home &amp; Finance Holding Company (NASDAQ: BETR) (\u201cBetter\u201d or the \u201cCompany\u201d) today issued the following statement regarding the efforts by its former Chief Executive Officer and current director, Vishal Garg, to gain control of the Company after years of value destructive leadership: The Board of Directors (the \u201cBoard\u201d), excluding Mr. Garg, &hellip; Continue reading \"Better Home &amp; Finance Holding Company Responds to Terminated CEO Vishal Garg\u2019s Latest Attempt to Gain Control of the Company\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/better-home-finance-holding-company-responds-to-terminated-ceo-vishal-gargs-latest-attempt-to-gain-control-of-the-company\/","og_site_name":"Market Newsdesk","article_published_time":"2026-08-14T12:35:36+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260814387926r1&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":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/better-home-finance-holding-company-responds-to-terminated-ceo-vishal-gargs-latest-attempt-to-gain-control-of-the-company\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/better-home-finance-holding-company-responds-to-terminated-ceo-vishal-gargs-latest-attempt-to-gain-control-of-the-company\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Better Home &amp; 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