Hassane El-Khoury
Also at ON Semiconductor Corp
About
An accomplished executive in the semiconductor industry, he built a strong foundation with extensive experience at Cypress Semiconductor, where he served in senior roles including CEO, Executive Vice President, Senior Director, and key business development positions.
During his time at Cypress, his leadership was instrumental in transforming the company, driving revenue growth from $723 million to $2.5 billion and increasing enterprise value fivefold, showcasing his expertise in strategic management and industry innovation.
At ON Semiconductor, his transformational leadership and commitment to operational excellence have bolstered the company’s strategic vision, while his active roles on board committees enhance corporate governance and promote sustainable performance. His career demonstrates a blend of technical proficiency and executive acumen that continues to shape the competitive landscape of the semiconductor and automotive sectors.
$ON Performance Under Hassane El-Khoury
Past Roles
| Organization | Role | Date Range | Details |
|---|---|---|---|
| Cypress Semiconductor Corporation | President, Chief Executive Officer, and Director | 2016–2020 | N/A [N/A]** |
| Cypress Semiconductor Corporation | Executive Vice President, Programmable Systems Division | 2012–2016 | N/A [N/A]** |
| Cypress Semiconductor Corporation | Senior Director of Automotive Business Unit | 2010–2012 | N/A [N/A]** |
| Cypress Semiconductor Corporation | Senior Business Development Manager | 2008–2010 | N/A [N/A]** |
| Cypress Semiconductor Corporation | Staff Application Engineer | 2007–2008 | N/A [N/A]** |
External Roles
| Organization | Role | Date Range | Details |
|---|---|---|---|
| Leia Inc. | Chairman of the board of directors | N/A [N/A]** | N/A [N/A]** |
Fixed Compensation
| Component Name | Amount | Payment Schedule | Additional Details |
|---|---|---|---|
| Base Salary | $1,130,769 | Annual | Fixed base salary |
| Company Contributions Under 401(k) Plan | $13,200 | Annual | 401(k) contributions |
| Executive Group Term Life Insurance Imputed Income | $1,150 | Annual | Imputed income from group term life insurance |
| Premiums Paid for Basic Life & AD&D Insurance | $1,380 | Annual | Insurance premium payments |
| Car Allowance | $14,400 | Annual | Car allowance provided by company |
| Financial Planning Services | $10,000 | Annual | Fee for financial planning services |
| Imputed Income for Post-Tax Long-Term Disability Insurance | $540 | Annual | Imputed income for LTD benefit payments |
| Other Amounts | $380 | Annual | Personal use electronic equipment |
Performance Compensation
STI Program
| Metric | Value | Details | Citation |
|---|---|---|---|
| Base Salary | $1,130,769 | Fixed yearly salary used in payout calculations | |
| Target STI Opportunity | 175% | Multiplier applied to base salary for STI calculation | |
| Corporate Multiplier | 64.1% | Based on revenue and non-GAAP operating margin performance; scale ranges from 0% to 200% | |
| Individual Goal Achievement | 83.58% | Composite of NEO Financial (69.5%, 50% weighting) and NEO Strategic (97.66%, 50% weighting) goals | |
| Combined Payout Percentage | 53.57% | Product of Corporate Multiplier and Individual Goal Achievement | |
| Final STI Payment | $1,060,163 | Calculated as Base Salary × Target STI Opportunity × Combined Payout Percentage | |
| Payment Type | Cash | STI is paid in cash after performance year |
Stock Awards
| Award Type | Metric | Value | Target/Threshold/Max | Vesting Schedule | Additional Details | Citation |
|---|---|---|---|---|---|---|
| RSUs | Shares Granted | 84,511 | N/A | 3 equal annual installments beginning on the anniversary of the grant date | Time-based vesting contingent on continued employment | |
| PBRSUs | Target Shares | 126,766 | Maximum of 269,378 (212.5% of target) | 3 equal annual installments (2024, 2025, 2026) | Performance-based with metrics and TSR adjustment | |
| PBRSUs | New Product Revenue | N/A | Threshold: 19%, Target: 25%, Stretch: 30% | N/A | Weighting: 25% of PBRSU value | |
| PBRSUs | Non-GAAP Operating Margin | N/A | Threshold: 30.0%, Target: 32.6%, Stretch: 34.0% | N/A | Weighting: 25% of PBRSU value | |
| PBRSUs | SiC Product Revenue Ramp | N/A | Threshold: 2x, Target: 3.8x, Stretch: 4.4x | N/A | Weighting: 33.3% of PBRSU value | |
| PBRSUs | Design Wins Supporting 5-Year Plan | N/A | Threshold: $4.0B, Target: $5.0B, Stretch: $6.0B | N/A | Weighting: 16.7% of PBRSU value | |
| PBRSUs | TSR Adjustment | N/A | Range: 50% to 150% | N/A | Adjusts payouts based on relative Total Shareholder Return performance |
This detailed breakdown covers the 2023 performance compensation components, including the STI Program with its cash payout calculation and the Stock Awards comprised of both time-based RSUs and performance-based PBRSUs. The evaluation period for these measures is the 2023 fiscal year, with PBRSU awards vesting over three years.