M&A
confidence high
sentiment neutral
materiality 0.55
Pixelworks shareholders approve sale of Shanghai subsidiary; advisory vote passes
PIXELWORKS, INC
- Proposal 1 sale of Shanghai sub: For 3,833,042, Against 65,702, Abstain 30,478; ~61% of shares voted for.
- Board previously determined shareholder approval not required; vote is advisory only.
- Proposal 2 advisory exec comp: For 3,453,415, Against 426,249, Abstain 49,558 – approved.
- Special Meeting reconvened on Dec 8, Dec 19, and Dec 31 after original Nov 26 convening.