Michael Hsing

President, CEO, and Chairman of the Board at Monolithic Power Systems Inc

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 Inc

Bernie Blegen

Executive Vice President and CFO

Deming Xiao

Executive Vice President and President of Asia Operations

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 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

Data from FY 2023

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.