Michael Hsing
Also at Monolithic Power Systems Inc
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
| Component Name | Amount | Payment Schedule | Additional Details |
|---|---|---|---|
| Base Salary | $822,877 | Annual | Fixed base salary for 2023 |
| Deferred Compensation Contributions | $2,340,734 | As contributed | Executive contributions to the non-qualified deferred compensation plan |
Performance Compensation
Short-Term Cash Incentive Compensation
| Metric [Unit]** | Target / Threshold / Cap | Actual / Payout | Additional 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 / Component | Details | Additional Details |
|---|---|---|
| Performance Metrics | Revenue 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 Allocation | Target 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 Details | Grant 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 & Conditions | Vesting 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.