Pixelworks adjourns special meeting on subsidiary sale; insufficient votes for 67% threshold, reconvenes Dec 8

PIXELWORKS, INC

Shareholders voted 98% in favor of sale, but only 57% of outstanding shares voted, short of 67% requirement.
Meeting adjourned to Dec 8, 2025 at 9:00 a.m. PT; additional proxy solicitation underway.
Board, ISS, and Glass Lewis recommend FOR; shareholders who haven't voted urged to vote by Dec 7.
Sale involves indirectly held shares of Pixelworks Semiconductor Technology (Shanghai); may represent substantially all assets.

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