<SEC-DOCUMENT>0001171843-17-000445.txt : 20170126
<SEC-HEADER>0001171843-17-000445.hdr.sgml : 20170126
<ACCEPTANCE-DATETIME>20170126061011
ACCESSION NUMBER:		0001171843-17-000445
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20170126
FILED AS OF DATE:		20170126
DATE AS OF CHANGE:		20170126

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Himax Technologies, Inc.
		CENTRAL INDEX KEY:			0001342338
		STANDARD INDUSTRIAL CLASSIFICATION:	SEMICONDUCTORS & RELATED DEVICES [3674]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-51847
		FILM NUMBER:		17547970

	BUSINESS ADDRESS:	
		STREET 1:		NO. 26, ZIH LIAN ROAD
		STREET 2:		SINSHIH DISTRICT, TAINAN CITY 74148
		CITY:			TAIWAN
		STATE:			F5
		ZIP:			-
		BUSINESS PHONE:		866 (6) 505-0880

	MAIL ADDRESS:	
		STREET 1:		NO. 26, ZIH LIAN ROAD
		STREET 2:		SINSHIH DISTRICT, TAINAN CITY 74148
		CITY:			TAIWAN
		STATE:			F5
		ZIP:			-
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>f6k_012617.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<html><head><title></title></head><body style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><div align="center"><div style="margin-top: 3pt; margin-bottom: 12pt;"><div style="font-size: 1pt; border-top: Black 2.5pt solid; border-bottom: Black 1.1pt solid; width: 100%;">&#160;</div></div><p style="font-size: 14pt;" align="center"><strong>UNITED STATES</strong><br><strong>SECURITIES AND EXCHANGE COMMISSION</strong><br><strong>Washington, D.C. 20549</strong></p><p style="font-size: 14pt; text-transform: uppercase;" align="center"><strong>Form 6-K</strong></p><p style="text-align: center;"><strong></strong></p><p style="text-align: center;"><strong>REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934</strong></p><p style="text-align: center;"><strong></strong><strong>For the month of January 2017</strong></p><p style="text-align: center;">Commission File Number: <strong>000-51847</strong></p><p style="text-align: center;"><font style="font-size: 12pt;"><strong>Himax Technologies, Inc.</strong></font><br>(Translation of registrant's name into English)</p><p style="text-align: center;"><strong>No.26, Zilian Road, Xinshi Dist.,<br>Tainan City 74148,<br>Taiwan, Republic of China</strong><br>(Address of principal executive office)</p></div><p>Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.<br>Form 20-F [&#160;X ] &#160;&#160;&#160;&#160;&#160;Form 40-F [&#160;&#160; ]</p><p>Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): <u></u></p><p><strong>Note:&#160;</strong>Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.</p><p>Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): <u></u></p><p><strong>Note:&#160;</strong>Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.&#160;</p><hr style="page-break-after: always;" noshade="noshade"><p><p>On January 26, 2017, the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.</p><p>(c) Exhibit 99.1. Press release dated January 26, 2017</p></p><hr style="page-break-after: always;" noshade="noshade"><p style="text-align: center;"><strong>SIGNATURES</strong></p><p>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, thereunto duly authorized.</p><table style="font-family: Times New Roman; font-size: 10pt;" border="0" width="100%" cellspacing="0" cellpadding="0"><tr valign="top"><td width="47%">&#160;</td><td width="6%">&#160;</td><td style="text-decoration: underline;" align="center" width="47%"><strong>&#160;&#160;&#160;&#160;Himax Technologies, Inc.&#160;&#160;&#160;&#160;</strong></td></tr><tr valign="top"><td width="47%">&#160;</td><td width="6%">&#160;</td><td align="center" width="47%">(Registrant)</td></tr><tr valign="top"><td width="47%">&#160;</td><td width="6%">&#160;</td><td align="center" width="47%">&#160;</td></tr><tr valign="top"><td width="47%">&#160;</td><td width="6%">&#160;</td><td align="center" width="47%"></td></tr><tr valign="top"><td width="47%">Date: January 26, 2017</td><td width="6%">&#160;</td><td style="text-decoration: underline;" align="center" width="47%">&#160;&#160;&#160;&#160;/s/ Jackie Chang&#160;&#160;&#160;&#160;</td></tr><tr valign="top"><td width="47%">&#160;</td><td width="6%">&#160;</td><td align="center" width="47%">Jackie Chang</td></tr><tr valign="top"><td width="47%">&#160;</td><td width="6%">&#160;</td><td align="center" width="47%">Chief Financial Officer</td></tr><tr valign="top"><td width="47%">&#160;</td><td width="6%">&#160;</td><td align="center" width="47%"></td></tr></table></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exh_991.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"><html lang="en-US"><head><title>EdgarFiling</title><meta content="text/html; charset=windows-1252"><meta name="GENERATOR" content="MSHTML 8.00.7601.18094"></head><body bgcolor="#ffffff"><p style="text-align: right;"><strong>EXHIBIT 99.1</strong></p><p style="text-align: center;"><strong>Himax Technologies, Inc. Pre-announces Preliminary Unaudited Fourth Quarter 2016 Financial Results</strong></p><p style="text-align: center;"><p> <p align="center"><strong>4Q16 Gross Margin and EPS Miss Company Guidance Due to an Additional Inventory Write-down</strong><br></p>  <p align="justify">TAINAN, Taiwan, Jan.  26, 2017  (GLOBE NEWSWIRE) -- Himax Technologies, Inc. (Nasdaq:HIMX) (&#8220;Himax&#8221; or &#8220;Company&#8221;), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, today pre-announced preliminary unaudited financial results for the three months ended December 31, 2016. Revenues in the fourth quarter were in-line with the Company&#8217;s previous guidance issued on November 10, 2016, while gross margin and EPS were below the guidance.</p>  <p align="justify">Revenues were $203.4 million, a sequential decline of 6.7% from $218.1 million in the third quarter of 2016 and in-line with the Company&#8217;s guidance of a 4.0% to 9.0% sequential decline.</p>  <p align="justify">Gross margin was 19.1% versus guidance of &#8220;slightly down&#8221; from 25.6% reported in the third quarter of 2016. The lower gross margin is the result of an additional one-time, non-cash inventory write-down totaling $12.0 million. Excluding this additional inventory write-down, gross margin would have been 25.0% and met the guidance. The $12.0 million inventory write-down is on top of the $2.7 million original inventory write-off estimate&#160;for the fourth quarter. In comparison, the inventory write-off amounts were $2.5 million, $3.0 million and $2.5 million for the first, second and third quarter of 2016, respectively. The vast majority of the additional write-down was related to certain aged inventories of traditional human vision CMOS image sensors (&#8220;CIS&#8221;) with smaller amounts also covering driver IC and other products. Earlier in 2016, we decided to switch our strategy of the CIS business to focus on smart sensor, machine vision segments, as opposed to the traditional human vision segments. As part of this new strategic direction, we made a decision recently to expedite the sales of some aged inventories of human vision sensors. We believe it is appropriate that we write-down the inventory at this time, as we anticipate the need to offer discounted prices to accelerate the sales of some products and, for some other products where the potential revenues do not justify the efforts, stop the sales all together. Our new CIS strategy is backed by new products such as the Always-on-Sensor (AoS) and the structured light 3D scanning total solution which offer unique and market leading features. The new strategy is also backed by close collaboration and intensive development activities with certain heavyweight partners and customers.</p>  <p align="justify">Following this one-time write-down, we believe our inventory position to be healthy across CIS, driver IC and all other product areas.</p>  <p align="justify">The impact to Earnings per Diluted ADS of the aforementioned inventory write-down is 6.0 cents. After the write-down, GAAP Earnings per Diluted ADS became 2.6 cents, below the Company&#8217;s guided range of 8.5 to 11.0 cents. Non-GAAP Earnings per Diluted ADS became 2.8 cents, below the guided range of 8.7 to 11.2 cents. Excluding the additional inventory write-down, GAAP and Non-GAAP EPS would have been 8.6 cents and 8.8 cents, respectively and met our original guidance.</p>  <p align="justify">In addition to the CIS product line, we are also seeing exciting developments in other key non-driver areas such as wafer level optics (WLO) and LCOS microdisplay. As early as the second half of the year, we may see significant business progress to contribute to both top and bottom lines out of these non-driver areas. We will host a conference call with investors and analysts in February when we will provide full financial reports and further elaborate on our business prospects.</p>  <p align="justify"><br></p>  <p align="justify"><strong>About Himax Technologies, Inc. </strong></p>  <p align="justify">Himax Technologies, Inc. (NASDAQ:HIMX) is a fabless semiconductor solution provider dedicated to display imaging processing technologies. Himax is a worldwide market leader in display driver ICs and timing controllers used in TVs, laptops, monitors, mobile phones, tablets, digital cameras, car navigation, virtual reality (VR) devices and many other consumer electronics devices. Additionally, Himax designs and provides controllers for touch sensor displays, in-cell Touch and Display Driver Integration (TDDI) single-chip solutions, LED driver ICs, power management ICs, scaler products for monitors and projectors, tailor-made video processing IC solutions, silicon IPs and LCOS micro-displays for augmented reality (AR) devices and heads-up displays (HUD) for automotive. The Company also offers digital camera solutions, including CMOS image sensors and wafer level optics which are used in a wide variety of applications such as mobile phone, tablet, laptop, TV, PC camera, automobile, security, medical devices and Internet of Things. Founded in 2001 and headquartered in Tainan, Taiwan, Himax currently employs over 2,100 people from three Taiwan-based offices in Tainan, Hsinchu and Taipei and country offices in China, Korea, Japan and the US. Himax has 2,948 patents granted and 437 patents pending approval worldwide as of December 31<sup>th</sup>, 2016. Himax has retained its position as the leading display imaging processing semiconductor solution provider to consumer electronics brands worldwide.</p>  <p align="justify">http://www.himax.com.tw</p>  <p align="justify"><strong>Forward Looking Statements</strong></p>  <p align="justify">Factors that could cause actual events or results to differ materially include, but not limited to, general business and economic conditions and the state of the semiconductor industry; market acceptance and competitiveness of the driver and non-driver products developed by the Company; demand for end-use applications products; reliance on a small group of principal customers; the uncertainty of continued success in technological innovations; our ability to develop and protect our intellectual property; pricing pressures including declines in average selling prices; changes in customer order patterns; changes in estimated full-year effective tax rate; shortages in supply of key components; changes in environmental laws and regulations; exchange rate fluctuations; regulatory approvals for further investments in our subsidiaries; our ability to collect accounts receivable and manage inventory and other risks described from time to time in the Company's SEC filings, including those risks identified in the section entitled "Risk Factors" in its Form 20-F for the year ended December 31, 2015 filed with the SEC, as may be amended.</p>  <p align="justify"><br></p>  <p align="justify"><strong>Company Contacts:</strong></p>  <p align="justify"><strong>Jackie Chang, CFO</strong><br>Himax Technologies, Inc.<br>Tel: +886-2-2370-3999 Ext.22300 <br>Or<br>US Tel: +1-949-585-9838 Ext.252<br>Fax: +886-2-2314-0877<br>Email: jackie_chang@himax.com.tw<br>www.himax.com.tw</p>  <p><strong>Penny Lin, Investor Relations</strong><br>Himax Technologies, Inc.<br>Tel: +886-2-2370-3999 Ext.22320<br>Fax: +886-2-2314-0877 <br>Email: penny_lin@himax.com.tw<br>www.himax.com.tw</p>  <p><strong>Investor Relations - US Representative</strong><br>Greg Falesnik, Managing Director<br>MZ North America<br>Tel: +1-212-301-7130<br>Email: greg.falesnik@mzgroup.us <br>www.mzgroup.us</p></p><p></body></html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
