Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On July 27, 2026, David Barse notified Better Home & Finance Holding Company (the “Company”) of his resignation from its board of directors (the “Board”), effective immediately. Mr.…
Better Home & 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®, to achieve its singular mission of making homeownership cheaper, faster, and easier for all Americans. Tinman® 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™, 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’s 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.
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Item 5.02Item 5.02 - Departure/Election of Directors
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 27, 2026, David Barse notified Better Home & Finance Holding Company (the “Company”) of his resignation from its board of directors (the “Board”), effective immediately. Mr. Barse’s decision to resign as a director was not due to any disagreements with the Company on any matter relating to the Company’s operations, policies or practices.
On July 27, 2026, the Board elected Daniel Lewis to serve as a director of the Board, effective immediately. Mr. Lewis will serve for a term expiring at the Company’s annual meeting of stockholders to be held in 2027 and until his successor is duly elected and qualified or until his earlier death, resignation, disqualification or removal. As of the date of this Current Report on Form 8-K, the Board has not appointed Mr. Lewis to serve on any committees of the Board, and no determination regarding committee service has been made.
As a non-employee director of the Company, Mr. Lewis will participate in the compensation program for non-employee directors as described under the heading “Director Compensation” in the Company’s definitive proxy statement on Schedule 14A, filed with the Securities and Exchange Commission on April 30, 2026.
Mr. Lewis is expected to enter into the Company’s standard form of indemnification agreement with the Company. There are no arrangements or understandings between Mr. Lewis and any other person pursuant to which he was selected as a director. There are no family relationships between Mr. Lewis and any director or executive officer of the Company. Mr. Lewis does not have any direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.