PIXELWORKS, INC 8-K

What Happened Pixelworks, Inc. announced on December 19, 2025 (Form 8-K, Item 8.01) that it reconvened its 2025 Special Meeting of Shareholders and adjourned the meeting without taking a vote. The company said it had not received proxies or voting instructions from holders representing 67% or more of the outstanding shares in favor of Proposal 1, which seeks shareholder approval to sell all common stock of Pixelworks Semiconductor Technology (Shanghai) Co., Ltd. The Special Meeting will reconvene by remote communication at 9:00 a.m. Pacific Time on December 31, 2025. The filing is signed by CFO Haley F. Aman.

Key Details

• Reconvened and adjourned meeting date: December 19, 2025 (originally convened Nov 26, 2025; previously reconvened/adjourned Dec 8, 2025).
• Vote not held because proxies/votes in favor of Proposal 1 did not reach the required 67% threshold.
• Proposal 1: approval to sell all shares of Pixelworks Semiconductor Technology (Shanghai) Co., Ltd. (indirectly owned).
• Next reconvened meeting date/time: December 31, 2025 at 9:00 a.m. PT (remote).

Why It Matters The adjournment means shareholders have not yet approved the proposed sale of Pixelworks’ Shanghai subsidiary, so the transaction is not finalized and timing remains uncertain. For investors, this keeps potential changes to the company’s assets, cash proceeds, and strategic direction unresolved until the reconvened vote. Monitor the December 31 meeting results for a definitive outcome on the sale.