secwatch.observer — SEC 8-K summary
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Issuer:     PIXELWORKS, INC (PXLW)
CIK:        0001040161
Form:       8-K
Filed at:   2023-08-17T23:59:59+00:00
Accession:  0001040161-23-000037
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1040161/000104016123000037/0001040161-23-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1040161/000104016123000037/pxlw-20230814.htm
  HTML page:      https://secwatch.observer/filing/0001040161-23-000037

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer