Pixelworks (PXLW) launches first $5M share repurchase program over two years

Rhea-AI Filing Summary

Pixelworks, Inc. announced that its Board of Directors has approved the Company’s first-ever stock repurchase program, authorizing up to $5 million of common stock repurchases. The authorization runs over a two-year period beginning May 15, 2026.

The Company may buy shares in the open market, including block trades, or through privately negotiated transactions, and may use Rule 10b5-1 trading plans. Management highlighted a projected cash position of approximately $58 million as of March 31, 2026, indicating flexibility to fund both the repurchases and ongoing business investments.

Insights

Equity Capital Allocation Analyst

Pixelworks initiates a modest $5M buyback alongside strong cash levels.

Pixelworks has authorized its first stock repurchase program of up to $5 million over two years starting May 15, 2026. Repurchases can occur via open-market trades, block trades, or privately negotiated deals, with optional Rule 10b5-1 trading plans providing pre-set trading frameworks.

Management cited a projected cash balance of about $58 million as of March 31, 2026, suggesting capacity to return some capital while still funding working capital and scaling its licensing business. The actual impact will depend on how aggressively management uses the full authorization over the two-year window.

8-K Event Classification

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Stock repurchase authorization: $5,000,000 Repurchase program duration: Two years Projected cash balance: Approximately $58 million +1 more

4 metrics

Stock repurchase authorization $5,000,000 Maximum common stock repurchases under program

Repurchase program duration Two years Initial window beginning May 15, 2026

Projected cash balance Approximately $58 million As of March 31, 2026, cited by management

Form type 8-K Item 8.01 Other Events disclosure

Key Terms

stock repurchase program, Rule 10b5-1 trading plans, forward-looking statements, working capital needs, +1 more

5 terms

stock repurchase program financial

"the Company’s first-ever stock repurchase program in the amount of $5 million"

A stock repurchase program is when a company buys back its own shares from the market. This can make each remaining share more valuable and shows that the company believes its stock is a good investment. It’s like a business treating its shares like a limited resource, hoping to boost confidence and share prices.

Rule 10b5-1 trading plans regulatory

"the Company may enter into one or more Rule 10b5-1 trading plans"

Rule 10b5-1 trading plans are written, pre-arranged instructions that allow company insiders (such as executives or directors) to automatically buy or sell their company's stock at specified times or under set conditions, like a standing instruction or automated thermostat for trades. They matter to investors because these plans provide a legal defense against insider‑trading accusations and create predictable insider trading patterns that can help signal whether sales are routine portfolio management or potentially meaningful to the company’s outlook.

forward-looking statements regulatory

"This release may contain forward-looking statements within the meaning of Section 27A"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

working capital needs financial

"flexibility to support both our future working capital needs and prudent investments"

high-margin licensing business financial

"prudent investments to scale a high-margin licensing business"

Understanding 8-K Material Events →

0001040161falseNasdaq00010401612026-03-302026-03-30

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): March 30, 2026

PIXELWORKS, INC.

(Exact name of registrant as specified in its charter)

Oregon

000-30269

91-1761992

(State or other jurisdiction of incorporation)

(Commission File Number)

(I.R.S. Employer 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:

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

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

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

☐    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:

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Common Stock			PXLW			The Nasdaq Capital 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.   ☐

Item 8.01    Other Events.

On March 31, 2026, the Company issued a press release announcing that the Board of Directors of Pixelworks, Inc. (the “Company”), had approved a share repurchase program on March 30. 2026, under which the Company’s Chief Executive Officer and Chief Financial Officer, or either of them, are authorized to direct the purchase up to $5,000,000 of the Company’s common stock over a two-year period beginning May 15, 2026. The purchases may be made in the open market, including in block trades, or in privately negotiated transactions. Subject to the requirements of applicable federal securities laws, the timing and volume of purchases will be in the discretion of the Company’s management, except to the extent that the Company may elect to adopt one or more Rule 10b5-1 trading plans.

Item 9.01    Financial Statements and Exhibits.

(d)    Exhibits.

Exhibit No.						Description
99.1						Press Release dated March 31, 2026.
104						Cover Page Interactive Data File (embedded within the Inline XBRL document).

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:			March 31, 2026			/s/ Haley F. Aman
						Haley F. Aman Chief Financial Officer

Exhibit 99.1

Pixelworks Announces Board Authorization of $5 Million Stock Repurchase Program

PORTLAND, Ore., Mar. 31, 2026 – Pixelworks, Inc. (NASDAQ: PXLW) (“Pixelworks” or the “Company”), a provider of innovative cinematic and enhanced visualization solutions, today announced the Company’s first-ever stock repurchase program in the amount of $5 million. The repurchase program was approved by the Board of Directors on March 30, 2026, and provides an initial two-year window beginning on May 15, 2026, for the Company to repurchase shares of Pixelworks’ common stock.

Chairman and CEO of Pixelworks, Todd DeBonis, stated, “This share repurchase program reflects the Board’s confidence in our go-forward strategy as a global technology licensing company and shared belief that Pixelworks’ shares are meaningfully undervalued. Given our projected cash position of approximately $58 million as of March 31, 2026, we believe the Company has ample flexibility to support both our future working capital needs and prudent investments to scale a high-margin licensing business.”

Repurchases of shares under the program may be made in the open market, including in block trades or in privately negotiated transactions, subject to requirements of the applicable federal securities laws. The timing and quantity of repurchased shares will be at the discretion of Pixelworks management. Additionally, the Company may enter into one or more Rule 10b5-1 trading plans in connection with the repurchase program.

About Pixelworks, Inc.

Pixelworks is a technology licensing company specializing in cinematic visualization solutions, including industry-leading content creation, delivery and display processing solutions that enable highly authentic viewing experiences with superior visual quality. 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, the Pixelworks logo, Truecut Motion and Truecut are trademarks of Pixelworks, Inc.

Safe Harbor Statement

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements may be identified by use of terms such as “begin,” “continue,” “will,” “expect”, “believe,” “anticipate” and similar terms or the negative of such terms. All statements other than statements of historical fact are forward-looking statements for purposes of this release. Such statements are based on management's current expectations, estimates and projections about the Company's business. These statements are not guarantees of future performance and involve numerous risks, uncertainties and assumptions that are difficult to predict. Actual results could vary materially from those contained in forward looking statements due to many factors, including, without limitation, market and other conditions and other factors described in our other filings with the Securities and Exchange Commission (the “SEC”) from time to time. More information regarding potential factors that could affect the Company's financial results is included from time to time in the Company's SEC filings, including its Annual Report on Form 10-K for the year ended December 31, 2025, as well as subsequent SEC filings.

The forward-looking statements contained in this release are as of the date of this release, and the Company does not undertake any obligation to update any such statements, whether as a result of new information, future events or otherwise.

Contacts:

Investor Contact

Shelton Group

Brett Perry

P: +1-214-272-0070

E: bperry@sheltongroup.com

Company Contact

Pixelworks, Inc.

E: info@pixelworks.com

FAQ

What did Pixelworks (PXLW) announce in this 8-K filing?

Pixelworks announced Board approval of its first-ever stock repurchase program, authorizing up to $5 million of common stock repurchases over two years starting May 15, 2026. The plan allows open-market, block, or privately negotiated share purchases, subject to applicable securities laws.

How large is Pixelworks’ new stock repurchase program?

The program authorizes Pixelworks to repurchase up to $5 million of its common stock. This amount can be used over an initial two-year period beginning May 15, 2026, through open-market transactions, block trades, or privately negotiated deals, at management’s discretion within legal requirements.

When does Pixelworks’ $5 million share repurchase program begin and how long does it last?

The repurchase program provides an initial two-year window starting May 15, 2026. During this period, Pixelworks may repurchase its common stock in various transaction types, with timing and quantity determined by management and potentially guided by Rule 10b5-1 trading plans.

What cash position did Pixelworks reference when approving the buyback program?

Pixelworks referenced a projected cash position of approximately $58 million as of March 31, 2026. Management stated this level should provide flexibility to support future working capital needs and investments while also funding the newly authorized $5 million stock repurchase program.

How will Pixelworks execute its stock repurchases under the new program?

Pixelworks may repurchase shares in the open market, including block trades, or through privately negotiated transactions. The company also may adopt one or more Rule 10b5-1 trading plans, which can automate trading based on preset conditions while remaining subject to federal securities law requirements.

Why did Pixelworks’ leadership say they authorized a share repurchase program?

Chairman and CEO Todd DeBonis said the repurchase program reflects the Board’s confidence in Pixelworks’ strategy as a global technology licensing company and a shared belief that its shares are meaningfully undervalued. He also emphasized flexibility to invest in scaling a high-margin licensing business.

Filing Exhibits & Attachments

4 documents

Press Releases

• EX-99.1 PRESS RELEASE 8.7 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 1.8 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 21.4 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 12.2 KB