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Vishal Garg Regains Control of Better Home & Finance Board, Announces Launch of “Better 2.0”

  • Shareholders representing 52.02% voted to remove all five incumbent directors including Chairman Harit Talwar, Interim CEO Daniel Lewis, Arnaud Massenet, Bhaskar Menon, and Prabhu Narasimhan.
  • The Board size was reduced from nine seats to five, with Vishal Garg appointing tech veterans Bing Gordon and Steve Sarracino alongside two current employees.
  • The company initiated steps to eliminate its poison pill stockholder rights plan.
  • The company plans to dismiss outstanding federal litigation against Vishal Garg in the U.S. District Court for the Southern District of New York.
  • An interim CEO candidate has been identified, with final engagement documentation currently being finalized.
  • The new board will execute a 90-day plan focusing on operational efficiency, Tinman AI growth, home equity lending, non-core asset sales, and capital returns to shareholders.