Pixelworks Announces Special Meeting of Shareholders to Vote on Major Proposal

Pixelworks to Reconvene Shareholders Meeting

On November 26, 2025, Pixelworks, Inc. (NASDAQ: PXLW), a leader in video and display processing solutions, held a Special Meeting of Stockholders that was adjourned due to insufficient votes on Proposal 1. The company plans to reconvene this meeting on December 8, 2025, at 9:00 AM Pacific Time to provide shareholders with an additional opportunity to express their votes.

Context of the Meeting

The initial gathering aimed to secure shareholder approval for the sale of all shares of Pixelworks Semiconductor Technology (Shanghai) held by the company. Although Proposal 1 received a substantial backing of approximately 98% of the shares voted in favor, this accounted for only about 57% of the total outstanding shares as of the meeting's record date. To pass, the proposal needs a 67% approval rate from the shareholders.

The Board of Directors maintains that endorsing Proposal 1 aligns with the best interests of the company and its shareholders. Notably, Institutional Shareholder Services and Glass Lewis, two prominent independent proxy voting advisory groups, have both recommended that shareholders vote in favor of Proposal 1.

Shareholder Participation Encouraged

Provided that the reconvened meeting will be in a virtual format, shareholders who were on the record as of October 17, 2025, are eligible to participate. They can join the meeting by dialing 1-888-788-0099 and using the conference ID number 85737219104. The company encourages any stockholders who have not yet voted or are uncertain whether their shares have been counted to contact their broker or bank immediately. Voting must be completed by December 7, 2025, at 11:59 PM Eastern Time.

Those who already voted and do not wish to change their votes are not required to resubmit anything. However, for any concerns regarding vote submission or requests for additional proxy materials, shareholders may reach out to the company's proxy solicitor, Alliance Advisors, at 1-855-206-1342 or via email.

Critical Deadlines

It is crucial for shareholders to be aware of the voting deadlines. Votes must be received by 11:59 PM Eastern Time on December 7, 2025, or can be cast live during the reconvened meeting. Proxy materials and additional details regarding the proposed sale can be found within documentation filed with the Securities and Exchange Commission (SEC).

Future Outlook

While looking ahead, Pixelworks reminds stakeholders that this release contains forward-looking statements, which involve risks and uncertainties that may result in actual outcomes differing from expectations. The approval of Proposal 1 is essential not just for the potential sale of the subsidiary but also for the future trajectory of the company in the global market of video processing technology.

In summary, Pixelworks emphasizes the importance of shareholder votes in shaping the company’s next steps, making it imperative for active participation in the upcoming Special Meeting on December 8, 2025.

For further details, visit Pixelworks’ official site or their investor relations section for accessible information about the meeting and upcoming proxy materials.