PIXELWORKS, INC 8-K

What Happened

• Pixelworks’ Compensation Committee approved payment of transaction bonuses under two previously disclosed agreements for Todd DeBonis and Haley Aman on January 14, 2026.
• The Committee waived a contractual condition requiring the closing of a “qualifying transaction” by December 31, 2025 after the sale of the company’s subsidiary, Pixelworks Semiconductor Technology (Shanghai) Co., Ltd., closed on January 6, 2026.
• The Committee also approved that the portion of bonuses tied to $1.2 million of the sale proceeds currently held in escrow for Chinese tax matters will be paid after those escrowed funds are released to the company. The 8-K was signed by CFO Haley F. Aman on January 16, 2026.

Key Details

• Filing: Form 8-K, Item 5.02 (Executive Compensation).
• Committee approval date: January 14, 2026; sale closing date: January 6, 2026; 8-K signed January 16, 2026.
• Bonus agreements: DeBonis Agreement (dated August 12, 2025) and Aman Agreement (dated October 10, 2025).
• Escrow amount affecting payment timing: $1.2 million held pending resolution of tax matters in China.

Why It Matters

• The company is moving forward with contractual bonus payments tied to its divestiture, signaling it is honoring executive transaction compensation despite a slight delay in closing.
• Investors should note the timing and potential cash impact: a portion of the payout is contingent on resolution of $1.2M held in escrow, so full cash realization will depend on when those funds are released.
• This disclosure affects corporate governance and compensation transparency but does not report new operating results or changes in executive employment.