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Michael Hsing

President, CEO, and Chairman of the Board at MONOLITHIC POWER SYSTEMS
Board
Since August 1997
Age
65 years
Education
Holds a Bachelor of Science in Electrical Engineering from the University of Florida.
Tenure
Founded MPWR in August 1997 and has continuously served as President, CEO, and Chairman of the Board.

Also at MONOLITHIC POWER SYSTEMS

BB
Bernie Blegen
Executive Vice President and CFO
DX
Deming Xiao
Executive Vice President and President of Asia Operations
MS
Maurice Sciammas
Executive Vice President, Worldwide Sales and Marketing

About

Michael Hsing was born in 1960 and is currently 65 years old as of March 2025. With a strong technical background, he holds a Bachelor of Science in Electrical Engineering from the University of Florida, which laid the groundwork for his contributions to the semiconductor industry.

He founded Monolithic Power Systems (MPWR) in August 1997, and from its inception, he has led the company as President, CEO, and Chairman of the Board. His leadership has been pivotal in advancing high-performance analog and mixed-signal semiconductor technologies.

Prior to founding MPWR, he gained extensive experience as a Senior Silicon Technology Developer at various analog integrated circuit companies, developing and patenting key technologies that have significantly impacted the power electronics industry. His career reflects a deep commitment to innovation and technological excellence in the semiconductor field.

$MPWR Performance Under Michael Hsing

Past Roles

Organization Role Date Range Details
Various Analog IC Companies Senior Silicon Technology Developer Before August 1997 Developed and patented key technologies in the power electronics industry

Fixed Compensation

Data from  FY 2023
Component NameAmountPayment ScheduleAdditional Details
Base Salary$822,877 AnnualFixed base salary for 2023
Deferred Compensation Contributions$2,340,734 As contributedExecutive contributions to the non-qualified deferred compensation plan

Performance Compensation

Data from  FY 2023

Short-Term Cash Incentive Compensation

Metric [Unit]**Target / Threshold / CapActual / PayoutAdditional Details
Non-GAAP Operating Income [USD]Target: $660.3 million <br> Threshold: < 80% (no bonus); 100% target yields 100% bonus; 120%+ yields up to 400% bonus Actual: $648.0 million (90.7% of target) resulting in $1,508,805 payout (90.7% of target bonus) Annual cash bonus; computed using linear interpolation

Long-Term Equity Incentive Compensation (Performance-Based RSUs/PSUs)

Metric / ComponentDetailsAdditional Details
Performance MetricsRevenue Growth Goal: <br> - Threshold: < 3% → 0%; 3% → 50%; 5% → 100%; 15% or more → 300% of target PSUs <br> Manufacturing Diversification Goal: <br> - Threshold: < 70% → 0%; 70% → 50%; 80% → 100%; 100%+ → 200% of target PSUs Metrics are based on MPS’s average three-year revenue growth vs. industry averages and expansion of manufacturing capacity outside of China
PSU AllocationTarget Shares: 27,365<br>Maximum Shares: 136,825 (Revenue Component: 82,095; Manufacturing Component: 54,730) Share-based compensation tied entirely to performance outcomes
Grant DetailsGrant Date: February 7, 2023 <br> Grant Date Stock Price: $467.62 <br> Grant Date Fair Value: $449.91 per share Calculated using a Monte Carlo simulation model with specified assumptions
Vesting Schedule & ConditionsVesting occurs on December 31, 2025, subject to meeting performance metrics and continued employment <br> Purchase Price Feature: $30 per share payable upon vesting, waived if closing price is $30 higher than the grant date stock price Performance period spans January 1, 2023 to December 31, 2025. No portion vests solely for service

These tables summarize the performance compensation components for Michael Hsing in 2023, covering both short-term cash incentives linked to non-GAAP operating income and long-term equity incentives tied to performance-based RSUs (PSUs) with detailed metrics, thresholds, targets, share allocations, and vesting conditions.