Better calls on ex-CEO Garg to drop bid to oust board, retake top job ahead of shareholder vote
BETR•Better urges Garg to end consent campaign
Better urged former CEO Vishal Garg to halt a shareholder consent campaign seeking to replace most directors and reinstate him.
The board removed Garg as CEO two weeks earlier, without his participation, then began a search for a new leader.
Better alleged Garg unlawfully solicited shareholders, misrepresented facts, and still lacks votes even with super-voting Class B shares.
The company tied the dispute to performance, citing more than $1.5 billion in losses since 2022 and a share decline of over 90%.
Better told shareholders no action is required now while it prepares materials opposing Garg’s consent solicitation.
