The Front Office

Scouting report · MPWR

Michael R. Hsing

  • Chairman, President & CEO, MPWR since 1997-08src

Founded Monolithic Power Systems in 1997 and has been its CEO since

—thin record

Not ranked yet

Scouting sheet

as of 24 Sep 2026
Delivers guidance—no promises on the record yet
Answers the question—no call reviewed yet
Capital allocation—company not reviewed yet
Pay design7595% performance-conditioned · operating income, revenue, relative tsr · 96.8% for · 3.21% of net income
Skin in the game—no holding or price on file
Age
66src
In the role
29 yr
Promises scored
0
Hit rate
—
Dodges / 100 answers
—
Airtime on calls
—
Every promise, oldest firstno scored promises yet

What to weigh

Red flag 2

  • FY2024 statements and all 2025 quarterly statements were restated in February 2026 after a deferred-tax error on a foreign tax incentive cut 2024 net income by $195m. ICFR was ineffective at 2024 and 2025 year ends, and the 8-K says no misconduct was involvedsrc
  • The material weakness in deferred-tax review was still not remediated at 2026-06-30, and the CFO seat has been held on an interim basis since 2026-02-27src

Watch 4

  • Sold about $314m of stock in the 12 months to 2026-09-24 (271,923 shares), about $64m of it to cover taxes. The rest was sold in November 2025, February 2026 under a 10b5-1 plan, and May 2026src
  • 2025 bonus paid at the 400% cap ($6.21m) as non-GAAP operating income of $989.4m beat the $821.2m target by 20%. The metric excludes the restated tax item, and the clawback review found nothing to recoversrc
  • CEO pay ratio 372:1 on $19.9m reported 2025 pay. Stock vesting in 2025 realised $340.8m, most of it from the 2022 MSUs paying 500% of targetsrc
  • Say-on-pay passed with only 57% in 2023, then 97% (2024), 96% (2025) and 96.8% (2026)src

In their favour 1

  • All NEO equity since at least 2025 is performance-conditioned (no time-only awards). Pledging and margin accounts are banned outright, and hedging needs the compliance officer's prior approvalsrc

Career

  1. 1997 – now
    Monolithic Power Systemssrc
    Founder; President & CEO and director since August 1997; Chairman (date not stated)
    Took the company public in November 2004 (10-K 2025 executive officer bio; IPO-424B4-2004)

Undated in the sources

  • Supertex, Inc.; Micrel, Incorporated (and other analog IC companies)src, Senior technical positions (Senior Silicon Technology Developer); inventor on bipolar mixed-signal process patents

Not located: 1988-1997 (between his 1988 UF degree and founding MPS): employers named (Supertex, Micrel) but no dates in any source searched

Achievements

  • Founded MPS in August 1997 and has run it for 29 years, through the November 2004 IPOsrc
  • 2025 revenue was a record $2.8bn, up 26.4% against 8.7% for the analog industry (SIA), the 14th straight year of revenue growthsrc
  • Proxy states MPS's cumulative ten-year TSR was over 1,400%, and 72% of free cash flow was returned through dividends and buybacks over the last three yearssrc
  • The 2023 PSU capacity goal (manufacturing outside China able to support $1.2bn of revenue) was hit at 136.2%; the proxy reports over $4bn of geographically balanced capacity securedsrc
  • Holds 1,034,099 shares (2.1%) at the 2026 record date, directly and through two trustssrc

Education

  • University of Florida, BS Electrical Engineering (1988)src

Background

  • Family The 2026 proxy states there is no family relationship among any executive officers, directors and nominees. The 2004 prospectus showed his shares held jointly with his wife and in family trustssrc
  • Founder Founded MPS with James Moyer (chief design engineer at the IPO). Moyer resigned from the board on 2024-10-21, and the 8-K says it was not over any disagreementsrc
  • Legal In November 2004 his former employer Micrel sued MPS for patent infringement over two process patents on which Hsing himself was a named inventorsrc
  • Giving University of Florida alumnus. MPS dedicated a named power electronics lab at UF in October 2025, equipped by the MPS Foundation, and UF holds a Michael Hsing faculty fellowship and awardsrc
  • Giving Gave 12,337 MPS shares to a 501(c)(3) foundation on 2025-12-09, and the Form 4 says he keeps no pecuniary interest in themsrc
  • Personal Born in Shanghai and grew up during the Cultural Revolution. He came to the US at 21 as an exchange student and worked his way through UFsrc

The promise ledger

No promise on the record yet: the research routine has not scored this company's guidance.

Sources

20
  1. Filing Monolithic Power Systems DEF 14A (accession 0001437749-26-014084) · 2026-04-30
  2. Filing Monolithic Power Systems 10-K for FY2025 (0001437749-26-006113), Information About Executive Officers; Item 9A · 2026-02-27
  3. Filing Monolithic Power Systems 8-K Item 4.02, non-reliance on FY2024 and 2025 quarterly statements (0001437749-26-006112) · 2026-02-27
  4. Filing Monolithic Power Systems 10-Q for the quarter ended 2026-06-30 (0001628280-26-053275), Item 4 · 2026-08-05
  5. Filing Monolithic Power Systems 8-K Item 5.07, 2026 annual meeting results (0001628280-26-042820) · 2026-06-12
  6. Filing Monolithic Power Systems 8-K Item 5.02, James C. Moyer resigns from the board (0001437749-24-031789) · 2024-10-22
  7. Filing Monolithic Power Systems IPO prospectus, 424B4 (0001193125-04-200312) · 2004-11-19
  8. Filing SEC XBRL companyconcept us-gaap/NetIncomeLoss, CIK 1280452 (FY2025 10-K, 0001437749-26-006113) · 2026-02-27
  9. Filing Form 4, Michael Hsing (reporting CIK 1308676), 2022 MSUs certified 2025-10-25 (0001214659-25-015476) · 2025-10-28
  10. Filing Form 4, Michael Hsing, sales of 2025-11-11 (0001214659-25-016419) · 2025-11-13
  11. Filing Form 4, Michael Hsing, sales of 2025-11-12 (0001214659-25-016420) · 2025-11-13
  12. Filing Form 4, Michael Hsing, gift of 2025-12-09 to a 501(c)(3) foundation (0001214659-25-017938) · 2025-12-11
  13. Filing Form 4, Michael Hsing, sale of 2026-02-06 to cover taxes on RSU release (0001214659-26-001447) · 2026-02-10
  14. Filing Form 4, Michael Hsing, 10b5-1 sales of 2026-02-10 (0001214659-26-001587) · 2026-02-12
  15. Filing Form 4, Michael Hsing, 10b5-1 sales of 2026-02-11 (0001214659-26-001738) · 2026-02-13
  16. Filing Form 4, Michael Hsing, 10b5-1 sales of 2026-02-12 (0001214659-26-002084) · 2026-02-17
  17. Filing Form 4, Michael Hsing, sales of 2026-05-18 (0001214659-26-006625) · 2026-05-20
  18. Web search result WebSearch: UF ECE news 2025-10-03, 'New Power Electronics Lab Honors ECE Alumnus' (Michael Hsing, BSEE '88; lab equipped by the MPS Foundation) · 2026-09-24
  19. Web search result WebSearch: University of Florida Advancement, Michael Hsing Faculty Excellence Award · 2026-09-24
  20. Web search result WebSearch: Wikipedia, Monolithic Power Systems (founded August 1997 by Michael Hsing and James Moyer) · 2026-09-24