Pixelworks Board Restructuring Marks Evolving Business Strategy for Future Growth

Pixelworks Restructures Board for Strategic Alignment

Portland, Oregon – January 20, 2026
Pixelworks, Inc. (NASDAQ: PXLW), known for its innovative solutions in video and display processing, has recently made significant changes to its board of directors. This shift is intended to better align the company with its new direction as a global technology licensing entity, particularly following the sale of its Shanghai-based subsidiary.

The most notable change is the appointment of Douglas Darrow, a renowned figure in the entertainment technology sector, to the board effective January 14, 2026. Darrow has held esteemed positions in the industry, including Senior Vice President at Dolby Laboratories and CEO of Laser Light Engines. His vast experience in developing cutting-edge cinema technologies uniquely positions him to provide valuable insights as Pixelworks refines its business vision and strategy.

Todd DeBonis, Chairman and CEO of Pixelworks, expressed excitement over Darrow's addition, stating, "His impressive record of pioneering cinematic technologies and driving innovation in the entertainment landscape will be crucial as we redefine our enterprise strategy. Synchronizing our board with our business model is essential for understanding and adapting to the larger trends within the industry."

Darrow's qualifications include a B.S. in optical engineering from the University of Rochester and an MBA from the University of Dallas. He will contribute to various committees, notably the compensation and strategy committees, as Pixelworks aims to solidify its stance in technology licensing, especially with the TrueCut Motion platform as a foundational offering.

In conjunction with Darrow's appointment, Dr. John Liu voluntarily resigned from the board, which was accepted immediately. Liu's three-year tenure was marked by substantial contributions to the company's growth. Furthermore, Todd DeBonis has taken on the role of Chairman of the Board from Daniel Heneghan, who will remain a member focused on the audit and corporate governance committees. Dean Butler has also been appointed as the Lead Independent Director, ensuring diverse leadership within the board while retaining its existing structure of five members.

The recent board changes come at a critical juncture for Pixelworks, reflecting broader attempts to reposition itself strategically. The transition towards being a technology licensing powerhouse comes during a transformative period for the company as it seeks to leverage its innovations in video processing and create high-quality viewing experiences across various platforms—from cinemas to smartphones.

As part of this evolution, Pixelworks aims to enhance its community in the entertainment sphere, garnering tighter collaborations with stakeholders. With products that have garnered recognition over the past two decades, the company reaffirms its commitment to pioneering enduring images that resonate well within consumer technology trends.

To keep investors and the public informed about its ongoing developments, Pixelworks has also filed additional details related to the restructuring with the SEC today.

About Pixelworks, Inc.

Pixelworks specializes in crafting cutting-edge solutions for content creation, video delivery, and display processing, offering unmatched visual experiences tailored to diverse screen sizes. The company boasts over 20 years of creative innovation in image processing and has established a significant footprint with providers of consumer electronics and video streaming services. For further information about Pixelworks' offerings, please visit www.pixelworks.com.

Pixelworks, the Pixelworks logo, TrueCut Motion, and TrueCut are registered trademarks owned by Pixelworks, Inc.