Pixelworks to Reconvene Special Meeting of Shareholders on December 31, 2025

Core Viewpoint - Pixelworks, Inc. is seeking shareholder approval for the sale of its subsidiary, Pixelworks Semiconductor Technology (Shanghai), with the Special Meeting of Stockholders adjourned to December 31, 2025, to allow more time for voting on Proposal 1 [1][2]. Proposal Details - Proposal 1 aims to authorize the sale of all shares of Pixelworks Shanghai held indirectly by the Company [1]. - As of December 19, 2025, approximately 98% of the proxies received voted in favor of Proposal 1, but this only accounted for about 61% of the outstanding shares on the record date [2]. - The Board of Directors, along with leading independent proxy voting advisory groups, recommends shareholders vote FOR Proposal 1 [2]. Meeting Logistics - The adjourned Special Meeting will be held virtually, allowing shareholders of record on October 17, 2025, to participate and vote [4]. - Votes must be received by 11:59 p.m. Eastern time on December 30, 2025, to be counted, with additional voting options available during the reconvened meeting [5]. Purchase Agreement Terms - The Purchase Agreement allows either party to terminate the agreement if the sale does not close by December 15, 2025; however, neither party has sought termination to date [3]. Company Overview - Pixelworks provides innovative video and display processing solutions, enhancing viewing experiences across various screens, including cinema and smartphones [10].