SEC Comment Letter 0000000000-23-006122 to Himax Technologies, Inc. (HIMX) (CIK 0001342338) (HIMX)
Himax Technologies, Inc. (HIMX) (CIK 0001342338)
Date: June 8, 2023 · CIK: 0001342338 · Accession: 0000000000-23-006122
AI Filing Summary & Sentiment
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File numbers found in text: 000-51847
Letter
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.
FirstName LastNameJessica Pan Comapany NameHimax Technologies, Inc. June 8, 2023 Page 2 FirstName LastName 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. Sincerely, Division of Corporation Finance Office of Manufacturing
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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.
FirstName LastNameJessica Pan
Comapany NameHimax Technologies, Inc.
June 8, 2023 Page 2
FirstName LastName
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.
Sincerely,
Division of Corporation Finance
Office of Manufacturing