United States securities and exchange commission logo
June 8, 2023
Jessica Pan
Chief Financial Officer
Himax Technologies, Inc.
No. 26 Zih Lian Road
Sinshih District, Tainan City 74148
Taiwan, Republic of China
Re: Himax Technologies,
Inc.
Form 20-F for the
Fiscal Year Ended December 31, 2022
Form 6-K filed on
February 9, 2023
File No. 000-51847
Dear Jessica Pan:
We have limited our review of your filings to the financial
statements and related
disclosures and have the following comments. In some of our comments, we
may ask you to
provide us with information so we may better understand your disclosure.
Please respond to these comments within ten business days by
providing the requested
information or advise us as soon as possible when you will respond. If
you do not believe our
comments apply to your facts and circumstances, please tell us why in
your response.
After reviewing your
response to these comments, we may have additional comments.
Form 6-K filed on February 9, 2023
Exhibit 99.1, page 1
1. We note you present
several non-IFRS financial measures that include an adjustment for
cash awards to
employees during each period presented. It appears cash awards to
employees are normal,
recurring, cash operating expense necessary to operate your
business. Please more
fully explain the nature and terms of your cash award program and
explain why you believe
adjusting non-IFRS financial measures, for what appears to be
cash compensation paid
to current employees, is meaningful. Please specifically explain
why you believe the
adjustments are appropriate and how you determined they comply
with Regulation G and
the guidance in Question 100.01 of the Division of Corporation
Finance's Compliance &
Disclosure Interpretations on Non-GAAP Financial Measures.
Jessica Pan
Himax Technologies, Inc.
June 8, 2023
Page 2
In closing, we remind you that the company and its management are
responsible for the
accuracy and adequacy of their disclosures, notwithstanding any review,
comments, action or
absence of action by the staff. You may contact Andi Carpenter at 202-551-3645
or Anne
McConnell at 202-551-3709 with any questions.
FirstName LastNameJessica Pan Sincerely,
Comapany NameHimax Technologies, Inc.
Division of
Corporation Finance
June 8, 2023 Page 2 Office of
Manufacturing
FirstName LastName