Pixelworks announces the reconvening of its Special Meeting of Stockholders on December 19, 2025.
The initial meeting was adjourned due to the lack of required approval on Proposal 1.
Shareholders are urged to vote FOR Proposal 1 to authorize the sale of Pixelworks Semiconductor Technology (Shanghai) shares.
Proposal 1 Approval
Approval by holders of at least 67% of outstanding shares is required for Proposal 1.
Support for Proposal 1
Proposal 1 received substantial support but fell short of the required approval percentage.
Recommendation by Proxy Groups
Leading advisory groups, Institutional Shareholder Services and Glass Lewis, recommend voting FOR Proposal 1.
- The reconvened meeting aims to secure the necessary approval percentage for Proposal 1.
- Shareholders who have not voted are encouraged to do so before the deadline.
- The Board believes Proposal 1 is in the best interest of the Company and shareholders.
Pixelworks continues to seek shareholder support for Proposal 1, emphasizing its importance and benefits.