Pixelworks special meeting adjourned again; sale vote still lacks required 67% approval

PIXELWORKS, INC

Proposal 1 to sell Pixelworks Semiconductor Technology (Shanghai) needs 67% of outstanding shares; only ~60% voted in favor as of Dec. 8.
98% of votes cast support the sale, but total fails to meet threshold; meeting reconvenes Dec. 19 at 9 a.m. PT.
Board continues to recommend FOR; ISS and Glass Lewis also support Proposal 1.
Shareholders who haven't voted must submit proxies by Dec. 18 at 11:59 p.m. ET.

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