Pixelworks amends executive clawback policy to comply with SEC, Nasdaq rules

PIXELWORKS, INC

Board approved amended Executive Compensation Recovery Policy on August 14, 2023, effective October 2, 2023.
Policy mandates no-fault recovery of excess incentive compensation from current and former executive officers when accounting restatement occurs.
Recovery applies to incentive compensation granted, earned, or vested on or after October 2, 2023, regardless of misconduct.
Covered period is three completed fiscal years preceding the restatement date; company may use various recovery methods.
Policy prohibits indemnification or reimbursement of executives for clawed-back amounts.

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