PIXELWORKS, INC. (NASDAQ:PXLW) Files An 8-K Financial Statements and ExhibitsItem 9.01(a) and furnish the pro forma financial information required by Item 9.01(b) of Form 8-K relative to the completion of the acquisition previously reported in the Current Report on Form 8-K filed on August 8, 2017. In the originally filed Form 8-K, Pixelworks reported it had completed its previously announced acquisition of all of the outstanding common shares of ViXS Systems Inc. (“ViXS”).
Item 9.01 Financial Statements and Exhibits.
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(a) |
Financial Statements of Businesses Acquired. |
Attached as Exhibit 99.1 are the following financial statements as required by Item 9.01(a) of Form 8-K:
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Audited Consolidated Statements of Comprehensive Income of ViXS for the years ended January 31, 2016 and 2017. |
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Audited Consolidated Statements of Financial Position of ViXS as of January 31, 2016 and 2017. |
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Notes to Consolidated Financial Statements of ViXS. |
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(b) |
Pro Forma Financial Information. |
The following unaudited pro forma condensed combined financial information of Pixelworks, giving effect to the acquisition of ViXS, is included in Exhibit 99.2 hereto as required by Item 9.01(b) of Form 8-K:
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Unaudited Pro Forma Condensed Combined Statement of Operations for the year ended December 31, 2016 and for the three-month period ended March 31, 2017. |
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Unaudited Pro Forma Condensed Combined Balance Sheet as of March 31, 2017. |
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Notes to Unaudited Pro Forma Condensed Combined Financial Statements. |
(d) Exhibits.
PIXELWORKS, INC ExhibitEX-23 2 ex23eyconsent.htm CONSENT OF ERNST & YOUNG LLP Exhibit Exhibit 23Consent of Independent AuditorsWe consent to the incorporation by reference in the registration statements (No. 333-219418,…To view the full exhibit click here
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.