Pixelworks, Inc. Files Definitive Proxy Statement

TL;DR

<b>Pixelworks, Inc. filed its Definitive Proxy Statement for the fiscal year ended December 31, 2023.</b>

AI Summary

PIXELWORKS, INC (PXLW) filed a Proxy Statement (DEF 14A) with the SEC on April 11, 2024. Filing type is DEF 14A, filed on 2024-04-11. Reporting period for the fiscal year ended December 31, 2023. Company name is PIXELWORKS, INC. Standard Industrial Classification: SEMICONDUCTORS & RELATED DEVICES [3674]. Business and mailing address: 16760 SW UPPER BOONES FERRY RD., SUITE 101, PORTLAND, OR 97224.

Why It Matters

For investors and stakeholders tracking PIXELWORKS, INC, this filing contains several important signals. This filing is a standard proxy statement, indicating it contains information for shareholders regarding upcoming meetings and voting matters. The SIC code places Pixelworks within the semiconductor industry, suggesting its business operations are related to the design and manufacturing of semiconductor devices.

Risk Assessment

Risk Level: — PIXELWORKS, INC shows moderate risk based on this filing. The filing is a routine DEF 14A proxy statement, which typically does not contain new financial performance data or significant strategic shifts, thus posing a low immediate risk for investors.

Analyst Insight

Review the proxy statement for details on executive compensation, board nominations, and any shareholder proposals to understand management's and shareholders' priorities.

Key Numbers

• 20231231 — Fiscal Year End (Conformed period of report)
• 20240411 — Filing Date (Conformed submission date)
• DEF 14A — Form Type (Conformed submission type)
• 000-30269 — SEC File Number (SEC file number)

Key Players & Entities

• PIXELWORKS, INC. (company) — Filer name
• SEMICONDUCTORS & RELATED DEVICES (industry) — Standard Industrial Classification
• 3674 (industry) — Standard Industrial Classification code
• PORTLAND (location) — Business and mailing address city
• OR (location) — Business and mailing address state
• 97224 (location) — Business and mailing address zip code

FAQ

Industry Context

Pixelworks, Inc. operates in the Semiconductors & Related Devices industry (SIC 3674).

Regulatory Implications

The filing is a DEF 14A, which is a standard SEC filing for companies soliciting proxies from shareholders.

What Investors Should Do

1. Review the proxy statement for details on director nominations and voting procedures.
2. Examine executive compensation packages and any proposed amendments to equity incentive plans.
3. Note any shareholder proposals and the company's recommendation on how to vote on them.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a routine disclosure for shareholder meetings and does not represent a change from previous filings of the same type.

Filing Documents

• pxlw-20240403.htm (DEF 14A) — 773KB
• pxlw-20240403_g1.jpg (GRAPHIC) — 9KB
• pxlw-20240403_g2.jpg (GRAPHIC) — 4KB
• pxlw-20240403_g3.jpg (GRAPHIC) — 48KB
• pxlw-20240403_g4.jpg (GRAPHIC) — 6KB
• 0001040161-24-000012.txt (&nbsp;) — 1540KB
• pxlw-20240403.xsd (EX-101.SCH) — 3KB
• pxlw-20240403_def.xml (EX-101.DEF) — 4KB
• pxlw-20240403_lab.xml (EX-101.LAB) — 6KB
• pxlw-20240403_pre.xml (EX-101.PRE) — 3KB
• pxlw-20240403_htm.xml (XML) — 117KB

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 25 COMPENSATION OVERVIEW 25 NARRATIVE TO 2023 SUMMARY COMPENSATION TABLE 35 SUMMARY COMPENSATION TABLE 36 OUTSTANDING EQUITY AWARDS AT 2023 FISCAL YEAR-END 37 POTENTIAL PAYMENTS UPON TERMINATION OR CHANGE IN CONTROL 38 PROPOSAL NO. 4: RATIFICATION OF THE APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 40 PRINCIPAL ACCOUNTING FEES AND SERVICES 41 PRE-APPROVAL OF AUDIT AND PERMISSIBLE NON-AUDIT SERVICES 41 AUDIT COMMITTEE REPORT 42

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 43 CERTAIN RELATIONSHIPS AND RELATED PERSON TRANSACTIONS 44 OTHER BUSINESS 45 DELINQUENT SECTION 16(A) REPORTS 45 DATE FOR SUBMISSION OF SHAREHOLDER PROPOSALS 45 ADDITIONAL INFORMATION 46 APPENDIX A - AMENDED AND RESTATED 2006 STOCK INCENTIVE PLAN A-1 APPENDIX B - NON-GAAP FINANCIAL MEASURES - ADJUSTED EBITDA B-1 PIXELWORKS, INC. 16760 SW Upper Boones Ferry Rd, Suite 101 Portland, Oregon 97224 PROXY STATEMENT 2024 ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON May 13, 2024 THE MEETING Purpose, Date, Time and Place This proxy statement (the "Proxy Statement") is being provided in connection with the 2024 Annual Meeting of Shareholders (the "Annual Meeting") of Pixelworks, Inc. ("Pixelworks" or the "Company"), an Oregon corporation, or any postponement or adjournment of that meeting. The related proxy is solicited on behalf of the Board of Directors (the "Board") of the Company. These proxy materials were first sent to shareholders on or about April 11, 2024. The Annual Meeting will be held telephonically on May 13, 2024, at 12:00 p.m. Pacific Daylight Time for the purposes set forth in the accompanying Notice of Annual Meeting of Shareholders. You will be able to attend and participate in the Annual Meeting by dialing 888-788-0099. The conference ID number for the Annual Meeting is 83765599039 . Record Date The Board has fixed the close of business on March 15, 2024 as the record date for the Annual Meeting. Shareholders of Pixelworks common stock at the close of business on March 15, 2024, will be entitled to receive notice of, attend and vote at the Annual Meeting. On the record date, there were approximately 115 registered shareholders of record and a substantially greater number of beneficial owners because a significant portion of our outstanding common stock is held in broker "street name." On the record date there were 57,796,873 shares of common stock outstanding

View Full Filing

View this DEF 14A filing on SEC EDGAR