Better shareholders seek to oust board in Vishal Garg-led consent drive ahead of 2027 meeting
BETR•Rights plan and consent revocation filing
The plan issues one right per Class A, B and C share to holders of record on Aug. 31, 2026.
The rights become exercisable if any person or group reaches 15% ownership of any class or 15% of voting power.
The company also filed a preliminary consent revocation statement opposing Garg’s written-consent campaign to remove directors.
Shareholder fight intensifies ahead of 2027 meeting
Better shareholders are seeking to oust the board in a consent drive led by former CEO Vishal Garg ahead of the company’s 2027 annual meeting.
Better adopted a limited-duration shareholder rights plan ahead of the meeting amid the control fight.
A board committee accused Garg of coordinating with an undisclosed investor group to seize control without paying a control premium.
