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Pixelworks Reconvenes Special Shareholders Meeting for December 19, 2025

On December 8, 2025, Pixelworks, Inc. (NASDAQ: PXLW), a leader in innovative video and display processing technologies, revealed that its Special Meeting of Stockholders was adjourned. This decision was made to provide an extended timeframe for shareholders to cast their votes on critical Proposal 1, which seeks to authorize the sale of the Company's subsidiary, Pixelworks Semiconductor Technology (Shanghai).

Background of the Special Meeting

During the reconvene on December 8, it became evident that while around 98% of those who voted were in support of Proposal 1, it accounted for merely 60% of the total outstanding common shares as of the record date. The required threshold to pass the proposal is the approval of at least 67% of the outstanding shares. As a result, the Board of Directors decided to postpone the meeting until December 19, 2025, at 9:00 AM Pacific Time.

Importance of Proposal 1

Proposal 1 is significant for Pixelworks as it aims to finalize the sale of its subsidiary, which is expected to enhance the Company's strategic alignment and growth potential in the rapidly evolving tech landscape. This shift is viewed favorably by independent proxy advisory groups. Both Institutional Shareholder Services and Glass Lewis have recommended shareholders vote in favor of this proposal, underscoring its perceived benefits for the Company and its investors.

Virtual Meeting Format

The adjourned meeting will be held in a virtual format, allowing shareholders of record as of October 17, 2025, to listen, participate, and vote. Those wishing to engage in the meeting can do so by dialing 1-888-788-0099 with the conference ID set at 85737219104. Pixelworks has made it clear that shareholders who have yet to vote should promptly reach out to their brokers or financial institutions to ensure their votes are counted ahead of the December deadline.

Voting Guidance

With the goal of meeting the necessary 67% approval threshold, the Board encourages all shareholders to actively participate in the voting process. Proxies must be returned by 11:59 PM Eastern Time on December 18, 2025, to be factored into the votes. The Board assures that stockholders who have already cast their votes need not take any additional action if they do not wish to amend their decisions.

Forward-Looking Statements

The announcement includes forward-looking statements related to the implications of approving the sale and the overall potential benefits for the Company's future. These statements carry inherent risks and uncertainties, and stakeholders are urged to understand that actual outcomes may differ significantly from current expectations.

Additional Information

Shareholders and interested investors can access critical documentation regarding Proposal 1 and the special meeting through the SEC filings. The Special Meeting Proxy Statement and supplementary materials were filed and are publicly available, providing comprehensive details regarding the proposal and voting guidance. For further inquiries or assistance, stakeholders can contact the Company’s proxy solicitor, Alliance Advisors, via their toll-free number or email.

About Pixelworks

Founded over two decades ago, Pixelworks is recognized for delivering advanced content generation, video streaming, and display processing solutions that promise unmatched visual experiences across diverse platforms, from cinema to smartphones. Visitors seeking more information about the Company's offerings can navigate to their official website at www.pixelworks.com.

In summary, the adjourned Special Meeting represents a critical juncture for Pixelworks that warrants active shareholder engagement to secure necessary approvals for future growth and strategic initiatives.