other_material
confidence high
sentiment neutral
materiality 0.70
Pixelworks shareholders approve reverse stock split; board sets 1-for-12, effective June 6
PIXELWORKS, INC
- Shareholders approved reverse stock split at ratio range 1:5 to 1:12 at May 23 annual meeting.
- Board set ratio at 1-for-12, effective June 6, 2025 at 4:01 PM ET.
- Post-split trading begins June 9 on Nasdaq under PXLW; fractional shares rounded up.
- Also approved: stock incentive plan increase (+2.5M shares), advisory say-on-pay every year, auditor ratification.
item 5.07item 8.01