Pixelworks, Inc. (PXLW) Earnings Call Transcript & Summary

Good day, ladies and gentlemen, this is Haley Aman, Chief Financial Officer of Pixelworks. I'm acting as Chairperson of the special meeting in accordance with Section 5.7 of our bylaws. This meeting was lawfully convened on November 26, 2025, was reconvened on December 8, 2025 and reconvened again on December 19, 2025, at which time it was adjourned until 09:00 a.m. Pacific Time today and is hereby reconvened. Pursuant to the Oregon Business Corporation Act, a quorum continues to be present. The agenda for this meeting is as follows: Vote on Proposal 1 to approve the sale of common stock of Pixelworks Semiconductor Technology (Shanghai) Co. Ltd., held by a subsidiary of Pixelworks; two, advisory vote on Proposal 2 to approve compensation that may be paid to Pixelworks executive officers in connection with the sale referenced in Proposal 1; three, vote count; four, formal meeting adjournment. Proposal 1 is to vote on the sale of common stock of Pixelworks Shanghai held indirectly by the company. The proxy statement contains detailed information on this proposal. Proposal 2 is an advisory vote on compensation that may be paid or become payable to the executive officers of the company relating to the sale referenced in Proposal 1. The proxy statement contains detailed information on this proposal. I now recognize Leah Grant, our Inspector of Elections, who will present the preliminary voting results.

Thank you, Haley. The preliminary results of voting are as follows: For proposal 1, approximately 60% of the total shares of Pixelworks common stock outstanding on the record date for the meeting were cast in favor of the sale of common stock of Pixelworks Shanghai. For Proposal 2, approximately 89% of the total votes cast were cast in favor of approval of the company's executive officer compensation related to the sale referenced in Proposal 1.

I therefore declare that proposal 1 has not received the approval of the holders of 67% of the total shares of Pixelworks' common stock outstanding on the record date as specified in the proxy statement for the special meeting, and that proposal 2 has been approved. The final vote count on proposals 1 and 2 will be reported under cover of Form 8-K filed with the SEC in due course. This completes the formal business to come before this special meeting. There being no further formal business, this concludes the special meeting. Thank you.