Michael Hsing is the CEO and co-founder of Monolithic Power Systems, Inc. (MPWR), a leading power management technology company. He has a background in electrical engineering, earning his B.S. degree from the University of California, Berkeley. Hsing started MPS in...

Number of Employees

3.56K

Year

2023

Total Compensation

$2.34M

Salary

$831.60K

Board Justification

The compensation philosophy focuses on aligning executive pay with performance metrics and long-term value creation for stockholders, emphasizing accountability and retention.

Bonus

$1.51M

Board Justification

The bonus is based on achieving 90.7% of the target bonus tied to non-GAAP operating income metrics, with a target bonus of 200% of annual base salary.

Other

$0.00

Board Justification

No additional compensation reported outside of salary, bonus, and stock awards.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock awards vested in 2023 as the focus is on performance-based equity awards that vest based on future performance metrics.

Performance Metrics

The primary performance metric for the bonus was non-GAAP operating income, with a target of $660.3 million.

SEC Filing

From April 29, 2024

Michael Hsing

CEO of Monolithic Power Systems

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Education

B.S. in Electrical Engineering from the University of California, Berkeley

Field of Expertise

Technology & Engineering - Engineering

Born

January 1, 1969 - 56 years ago

Is Founder?

No

Current Tenure

21 years 0 months (Jan 2004 - Present)

Previous Experience

Prior to joining Monolithic Power Systems, Inc., Michael Hsing held various positions in the semiconductor industry, including roles at Advanced Micro Devices and other technology companies.