# EDGAR Filing Document

**Accession Number:** 0001040161
**File Stem:** 0001040161-26-000002
**Filing Date:** 2026-1
**Character Count:** 13735
**Document Hash:** 2b9226acd2607af64812a041599318cd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001040161-26-000002.hdr.sgml**: 20260106

**ACCESSION NUMBER**: 0001040161-26-000002

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20260106

**ITEM INFORMATION**: Completion of Acquisition or Disposition of Assets

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260106

**DATE AS OF CHANGE**: 20260106

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PIXELWORKS, INC
- **CENTRAL INDEX KEY:** 0001040161
- **STANDARD INDUSTRIAL CLASSIFICATION:** SEMICONDUCTORS & RELATED DEVICES [3674]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 911761992
- **STATE OF INCORPORATION:** OR
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-30269
- **FILM NUMBER:** 26511319

**BUSINESS ADDRESS:**
- **STREET 1:** 16760 SW UPPER BOONES FERRY RD.
- **STREET 2:** SUITE 101
- **CITY:** PORTLAND
- **STATE:** OR
- **ZIP:** 97224
- **BUSINESS PHONE:** (503) 601-4545

**MAIL ADDRESS:**
- **STREET 1:** 16760 SW UPPER BOONES FERRY RD.
- **STREET 2:** SUITE 101
- **CITY:** PORTLAND
- **STATE:** OR
- **ZIP:** 97224

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PIXELWORKS INC
- **DATE OF NAME CHANGE:** 20000210

?xml version='1.0' encoding='ASCII'? pxlw-20260106

**UNITED STATES SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES

EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): January 6, 2026

**PIXELWORKS, INC.** 

(Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **Oregon** | **000-30269** | **91-1761992** |
| (State or other jurisdiction<br>of incorporation) | (Commission File Number) | (I.R.S. Employer<br>Identification No.) |

---

**16760 SW Upper Boones Ferry Rd., Suite 101** 

**Portland, OR 97224** 

**(503) 601-4545** 

(Address, including zip code, and telephone number, including

area code, of registrant's principal executive offices)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐&nbsp;&nbsp;&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐&nbsp;&nbsp;&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **<u>Title of each class</u>** | **<u>Trading Symbol(s)</u>** | **<u>Name of each exchange on which registered</u>** |
| Common Stock | PXLW | The Nasdaq Global Market |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**Item 2.01&nbsp;&nbsp;&nbsp;&nbsp;Completion of Acquisition or Disposition of Assets.**

On January 6, 2026 (the "Closing Date"), Pixelworks, Inc. (the "Company"), completed the previously announced sale (the "Sale") of all of the shares of common stock of Pixelworks Semiconductor Technology (Shanghai) Co., Ltd. ("PWSH"), held by Pixelworks Semiconductor Technology Company, LLC, a wholly owned subsidiary of the Company ("Pixelworks LLC"), to Tiansui Xinyuan Technology (Shanghai) Co., Ltd. (the "Buyer"). Pursuant to (a) the previously disclosed Share Purchase Agreement, dated as of October 15, 2025 (the "Purchase Agreement"), among the Company, PWSH, Pixelworks LLC, all other shareholders of PWSH except VeriSilicon Microelectronics (Shanghai) Co., Ltd. (each, a "Selling Shareholder), and Buyer; (b) the previously disclosed Support Agreements dated October 14, 2025 (the "Support Agreements"), by and between Pixelworks LLC and each Selling Shareholder and VeriSilicon Microelectronics (Shanghai) Co., Ltd. (collectively, the "Minority Shareholders"); and (c) the previously disclosed Termination and Release Agreements dated October 14, 2025 (the "Release Agreements"), by and among Pixelworks LLC, PWSH and each of the Minority Shareholders, on the Closing Date: (i) Pixelworks LLC transferred to the Minority Shareholders shares of PWSH capital stock representing a total of approximately 29% of the total outstanding shares of PWSH capital stock on the Closing Date; (ii) the Selling Shareholders sold and transferred all of their PWSH shares to the Buyer; (iii) Pixelworks LLC sold and transferred its remaining shares of PWSH capital stock, representing approximately 49% of the total outstanding shares of PWSH capital stock on the Closing Date, to the Buyer; and (iv) the Buyer paid the Company approximately RMB 357 million, or approximately $51.0 million in U.S. dollars which is net of transaction costs and withholding taxes paid in China. The remaining transaction expenses incurred by the Company in connection with the Sale, not including compensation that may be paid to the Company's executive officers and other employees, are expected to total approximately $1.0 million in U.S. dollars. Additionally, approximately RMB 8.7 million or approximately $1.2 million USD, is being held in an escrow account to be released upon the resolution of certain tax matters in China

The foregoing description of certain provisions of the Purchase Agreement, the Support Agreements and the Release Agreements are not complete and are subject to and qualified in their entirety by reference to the Purchase Agreement filed as Exhibit 10.1 to the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission (the "SEC") on October 16, 2025 (the "October 16 8- K"), the Amendment Agreement filed as Exhibit 10.2 to the October 16 8-K, and the form of Support Agreement, together with the form of Termination and Release Agreement attached to the form of Support Agreement as Exhibit A, filed as Exhibit 10.3 to the October 16 8-K. See Item 9.01 below. <u>[The Company's definitive proxy statement filed with the SEC on October 27, 2025](https://www.sec.gov/Archives/edgar/data/1040161/000119312525251559/d42408ddefm14a.htm)</u>, includes additional information under the heading **"***Principal Terms and Conditions of the Purchase Agreemen*t", which description is incorporated herein by reference

**Item 8.01&nbsp;&nbsp;&nbsp;&nbsp;Other Events.**

On January 6, 2026, the Company issued a press release announcing the closing of the Sale. A copy of the press release is attached as Exhibit 99.1 and is incorporated herein by reference.

**Item 9.01&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;Exhibits.

&nbsp;&nbsp;&nbsp;&nbsp;

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| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 10.1 | <u>[Share Purchase Agreement, dated as of October 15, 2025, among the Company, PWSH, Pixelworks LLC, each Selling Shareholder, and Buyer (incorporated by reference to Exhibit 10.1 of the October 16 8-K)](https://www.sec.gov/Archives/edgar/data/1040161/000119312525240654/d52501dex101.htm)</u>.\* |
| 10.2 | <u>[Amendment Agreement, dated as of October 15, 2025, among the Company, PWSH, Pixelworks LLC,](https://www.sec.gov/Archives/edgar/data/1040161/000119312525240654/d52501dex102.htm)[and Buyer (incorporated by reference to Exhibit 10.2 of the October 1](https://www.sec.gov/Archives/edgar/data/1040161/000119312525240654/d52501dex102.htm)[6](https://www.sec.gov/Archives/edgar/data/1040161/000119312525240654/d52501dex102.htm)[8-K)](https://www.sec.gov/Archives/edgar/data/1040161/000119312525240654/d52501dex102.htm)</u>. |
| 10.3 | <u>[Form of Support Agreement, dated as of October 14, 2025, by and between Pixelworks LLC and each of the Minority Shareholders, together with form of Termination and Release Agreement, dated as of October 14, 2025, by and among Pixelworks LLC, PWSH, and each of the Minority Shareholders, attached to the form of Support Agreement as Exhibit A (incorporated by reference to Exhibit 10.3 of the October 16 8-K).](https://www.sec.gov/Archives/edgar/data/1040161/000119312525240654/d52501dex103.htm)</u> |
| 99.1 | <u>[Press Release dated January 6, 2026.](pwshclosingprjan2026.htm)</u> |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

---

\* Certain exhibits and schedules have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The Company hereby undertakes to furnish a copy of any of the omitted exhibits or schedules upon request by the SEC.

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**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
| | | **PIXELWORKS, INC.** |
| | | (Registrant) |
| Dated: | January 6, 2026 | /s/ Haley F. Aman |
| | | Haley F. Aman<br>*Chief Financial Officer* |

---

## Exhibit 99.1

**Exhibit 99.1**

![pixelworkslogo24.jpg](pixelworkslogo24.jpg)

**Pixelworks Completes Previously Proposed Sale of its Shanghai Semiconductor Subsidiary to VeriSilicon**

**PORTLAND, Ore., Jan. 06, 2026** – Pixelworks, Inc. (NASDAQ: PXLW) ("Pixelworks" or the "Company"), a leading provider of innovative video and display processing solutions, today announced the successful closing of the Company's previously announced transaction to sell its shares in Pixelworks Semiconductor Technology (Shanghai) Co., Ltd., a company organized under the laws of the People's Republic of China and a subsidiary of Pixelworks ("Pixelworks Shanghai", or "PWSH"), to a special purpose entity ("Buyer") led by VeriSilicon Microelectronics (Shanghai) Co., Ltd. Pursuant to the original share purchase agreement and other previously disclosed supporting agreements between the respective parties involved in the transaction, Pixelworks facilitated the transfer of all outstanding capital stock in Pixelworks Shanghai to the Buyer, resulting in cash proceeds to Pixelworks, net of transaction costs and withholding taxes paid in China, totaling approximately RMB 357 million, or approximately $51 million USD. Additionally, approximately RMB 8.7 million or approximately $1.2 million USD is being held in an escrow account to be released upon the resolution of certain tax matters in China. In conjunction with the transaction closing, all previous repurchase rights held by other prior shareholders of Pixelworks Shanghai were released in full.

**About Pixelworks, Inc.**

Pixelworks provides industry-leading content creation, video delivery and display processing solutions and technology that enable highly authentic viewing experiences with superior visual quality, across all screens – from cinema to smartphone and beyond. Pixelworks has more than 20 years of delivering image processing innovation to leading providers of consumer electronics, professional displays, and video streaming services. For more information, please visit Pixelworks' web site at www.pixelworks.com.

Note: Pixelworks and the Pixelworks logo are trademarks of Pixelworks, Inc.

**Forward-Looking Statements**

This press release contains "forward-looking statements" that involve substantial risks and uncertainties for purposes of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this press release are forward-looking statements. Examples of such statements include, but are not limited to Pixelworks' expectations regarding the use of net proceeds from the sale. We may not actually achieve the plans, carry out the intentions or meet the expectations or projections disclosed in the forward-looking statements and you should not place undue reliance on these forward-looking statements. Such statements are based on management's current expectations and understandings and involve risks and uncertainties. Actual results and performance could differ materially from those projected in the forward-looking statements as a result of many factors, including, without limitation, market and other conditions and other factors described in this press release and in our other filings with the Securities and Exchange Commission (the "SEC") from time to time. We disclaim any intent or obligation to update these forward-looking statements to reflect events or circumstances that exist after the date on which they were made, except as required by law. You should review additional disclosures we make in our filings with the SEC, including our Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q, and current reports and other documents that we have filed or may file in the future. You may access these documents for no charge at http://www.sec.gov.

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**Contacts:**

Investor Contact

Shelton Group

Brett Perry

P: +1-214-272-0070

E: bperry@sheltongroup.com

Company Contact

Pixelworks, Inc.

E: info@pixelworks.com

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