PIXELWORKS, INC. (NASDAQ:PXLW) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement
entered into Amendment No. 4 (the Amendment) to the Loan and
Security Agreement (the Loan Agreement), dated December 21, 2010,
previously entered into by the parties (filed as Exhibit 10.26 to
Pixelworks, Inc.’s Annual Report on Form 10-K filed March 7,
2011). The Amendment changes the maturity date of the revolving
line of credit provided to the Loan Agreement to December 29, 2017.
The maturity date was previously December 30, 2016, as provided by
Amendment No. 3 to the Loan Agreement (filed as Exhibit 10.1 to our
Current Report on Form 8-K, filed on December 18, 2015).
complete and is qualified in its entirety by reference to the
full text of the Amendment, which is attached to this report as
Exhibit 10.1 and is incorporated herein by reference.
incorporated herein by reference.
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10.1
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Amendment No. 4 to the Loan and Security Agreement, dated
December 21, 2010 between Pixelworks, Inc. and Silicon Valley Bank. |
About PIXELWORKS, INC. (NASDAQ:PXLW)
Pixelworks, Inc. designs, develops and markets video and pixel processing semiconductors, intellectual property cores, software and custom application specific integrated circuit (ASIC) solutions for digital video applications. The Company is engaged in the design and development of integrated circuits (ICs) for use in electronic display devices. It provides its customers with software development tools and with software that provides basic functionality for its ICs and enables connectivity of its customers’ products. Its primary target markets include digital projection systems, Ultrabook devices, tablets and smartphones. Its video display processing technologies include Halo Free Motion Estimation and Motion Compensation (MEMC), Advanced Scaling, Mobile Video Display Processing, and Vuemagic and Networked Displays. Its primary video display processor product categories include ImageProcessor ICs, Video Co-Processor ICs and Networked Display ICs. PIXELWORKS, INC. (NASDAQ:PXLW) Recent Trading Information
PIXELWORKS, INC. (NASDAQ:PXLW) closed its last trading session down -0.04 at 2.56 with 483,067 shares trading hands.
