Pixelworks, Inc. announced the reconvening of its Special Meeting of Stockholders to vote on Proposal 1.
The initial meeting held on November 26, 2025, was adjourned due to the lack of required approval by 67% of outstanding common shares for Proposal 1.
Shareholders are encouraged to vote FOR Proposal 1, which authorizes the sale of shares of Pixelworks Semiconductor Technology (Shanghai) held indirectly by the Company.
Adjourned Special Meeting
The Special Meeting was adjourned due to the insufficient approval by 67% of outstanding common shares for Proposal 1.
Importance of Proposal 1
Proposal 1 authorizes the sale of shares of Pixelworks Semiconductor Technology (Shanghai) and is supported by leading proxy voting advisory groups, ISS and Glass Lewis.
Voting Instructions
Shareholders of record on October 17, 2025, who have not voted or are unsure must vote by December 7, 2025, for their shares to be counted.
- The adjournment of the Special Meeting highlights the significance of Proposal 1 for Pixelworks and its shareholders.
- The Company's Board of Directors continues to believe that the approval of Proposal 1 is in the best interests of the Company.
Pixelworks' reconvened Special Meeting on December 8, 2025, underscores the importance of shareholder participation in voting for Proposal 1. The Company's commitment to the sale of shares of its subsidiary reflects its strategic goals.