Pixelworks Approves Sale of Shanghai Subsidiary Common Stock with 60% Shareholder Support

Pixelworks, Inc. (PXLW) held a shareholder/analyst call on December 31, 2025, to discuss the sale of common stock of Pixelworks Semiconductor Technology (Shanghai) Co. Ltd. The meeting was reconvened on December 8 and December 19, 2025. The agenda included voting on Proposal 1 to approve the sale, an advisory vote on Proposal 2 to approve executive officer compensation related to the sale, and formal meeting adjournment. Preliminary voting results showed approximately 60% of shares cast in favor of the sale.