MusclePharm Chief Marketing Officer resigns after one year

Posted by on Oct 21, 2014 in Anthony Roberts | 0 comments

Chief Marketing Officer, a C-Suite executive, resigns after only a year, will be paid through the end of 2014, didn’t leave for any disagreements with the company or their practices, but as part of his departure, he is getting paid six figures and indemnifying the company against any future legal claims against them. Sounds legit as f/ck, and not shady at all.

8-K1v391674_8k.htmCURRENT REPORT

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report: October 14, 2014

(Date of earliest event reported)

MusclePharm Corporation

(Exact name of registrant as specified in its charter)

 

NEVADA 000-53166 77-0664193
(State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)

 

4721 Ironton Street, Building A

Denver, Colorado 80239

(Address of principal executive offices) (Zip Code)

 

(303) 396-6100

(Registrant’s telephone number, including area code)

 

N/A

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)).

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-14(c)).

 

 

ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANANGEMENTS OF CERTAIN OFFICERS

 

On October 14, 2014, Mr. Sydney Rollock resigned his position as Chief Marketing and Sales Officer of MusclePharm Corporation (“MusclePharm” or the “Company”).

 

Simultaneously with Mr. Rollock’s resignation as an employee of the Company, Mr. Rollock and the Company entered into a Separation and Release of Claims Agreement (the “Release Agreement”) pursuant to which Mr. Rollock ended his employment with the Company.

 

Pursuant to the Release Agreement, Mr. Rollock shall receive (i) his current base salary up to and including December 31, 2014, (ii) $112,500, to be paid on December 31, 2014, and (iii) all unvested restricted stock units owned by Mr. Rollock pursuant to a previously executed RSU Agreement (as it is defined the Release Agreement) shall vest as scheduled notwithstanding Mr. Rollock’s resignation, in exchange for releasing and discharging the Company and its affiliates and subsidiaries from any and all claims of any kind arising out of, or related to, his employment and separation from employment with the Company.

 

Mr. Rollock’s resignation was not as a result of any disagreements with the Company’s operations, policies or practices.

 

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

 

(d) Exhibits.

 

The exhibit listed in the following Exhibit Index is filed as part of this Current Report on Form 8-K.

 

Exhibit No. Description
10.1 Separation and Release of Claims Agreement, dated October 10, 2014, between MusclePharm Corporation and Sydney Rollock.

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

MUSCLEPHARM CORPORATION
Dated: October 20, 2014
By: /s/ Brad J. Pyatt
Name: Brad J. Pyatt
Title: Chief Executive Officer

 

 

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United States Military launches 4 year, $2.5MM CrossFit study

Posted by on Oct 19, 2014 in Anthony Roberts | 0 comments

A $2.5 million study, examining 20 groups of soldiers (over 200 troops), and spanning over 4 years,  is being launched by the United States Army at Fort Leavenworth, Kansas. Half of the troops will do standard PT training, and the other half will do CrossFit.

Students and staff at Fort Leavenworth’s Command and General Staff College and Combined Arms Center will be recruited, with the CF group training on base at Iron Major CrossFit, and the rest training on their own or with their unit (training plan to be taken from the Army’s 2012 Field Manual 7-22, Army Physical Readiness Training). In nearly every study, ever, those who perform a specific routine have done far better than those who “just workout” on their own. However, with this methodology, the testing protocol itself will matter, as the Army often tests within specific domains (pushups, running, etc…)…but here,  they’ll not only use the Army PT test (pushups, situps, run), but will also check flexibility, resting heart rate and blood pressure, as well as weight and body fat percentage, and include additional performance indicators such as a 40 yard sprint, deadlifts, horizontal jump, and pullups. Three months after the post-testing,  after the subjects are allowed to do whatever they want (no guided training per se and no training requirements at all), they’ll be tested again. This will see if people stuck with the training of their own accord, or changed routines, and what results they got.

Joe Alexander from HQ will be making sure the CrossFit arm of the study is valid methodology, and is actually CrossFit, not simply CVHIFM.

 

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Gaspari Nutrition files Chapter 11, partners with Investor Allegro Nutrition LLC

Posted by on Oct 14, 2014 in Featured, Uncategorized | 0 comments

Gaspari Nutrition Announces Preliminary Investment from World Leading Sales & Marketing Distribution Partner

October 13, 2014 — Lakewood, NJ — Gaspari Nutrition, a premium and market leading US performance nutritional supplement company, announced today a preliminary investment and global partnership with Allegro Nutrition LLC (“Allegro”). Allegro’s parent company, Allegro Ltd. is a world leading sales and marketing distribution company with operations in over 20 countries and with a global infrastructure partnership which extends across over 100 distribution hubs spanning Europe and North America.

Gaspari Nutrition was founded by International Federation of Bodybuilding and Fitness Hall of Fame member, Rich Gaspari, in 1999. Rich has been involved in the bodybuilding and fitness field for over 30 years. He excelled as a top professional bodybuilder from the mid 80’s through the 90’s, winning Mr. America (now known as the NPC Nationals), Mr. Universe, Professional Mr. World, and is a three time runner up for the most coveted title in professional bodybuilding, the “Mr. Olympia.”

After retiring from professional bodybuilding, Rich began developing his own line of quality supplements and built one of the most formidable and respected brands in the world, Gaspari Nutrition, reaching sales of $85 million per year. The company continues to sell through retailers, such as The Vitamin Shoppe, and through online sites such as www.bodybuilding.com. Rich Gaspari, founder of Gaspari Nutrition, commented, “The last 12 months have seen a period of restructuring and reorganization. I am delighted to announce this new phase of stability and investment for Gaspari Nutrition. This strategic partnership will provide the visionary support needed to propel and highlight the Gaspari Nutrition brand as a world leading sport nutritional brand, while strengthening our global appeal and visibility”. In conjunction with the sale, Gaspari Nutrition will file for Chapter 11 Bankruptcy protection. In Chapter 11, Gaspari Nutrition will be able to restructure its obligations while continuing to operate and meet the needs of its customers, vendors and employees.

“After careful consideration of our options, we believe that Chapter 11 is a necessary step to create a solid foundation for future growth and success of Gaspari Nutrition, Inc.,” stated Rich Gaspari. As a part of the restructuring process, Gaspari Nutrition is negotiating a new line of credit to provide ample funds for working capital until the investment by Allegro is complete. “We are operating and plan to continue manufacturing those quality products which our customers have come to expect from us. After the investment is complete, we intend to introduce new products to provide our customers with the most innovative product offering in the industry. Our success as a company is largely due to the hard work and dedication of our employees, the great customer relationships we have built over our history, and the vendor partnerships we have forged.” said Gaspari. “This step is being taken in order to ensure that our company is able to effectively serve these loyal customers for years to come.”

This investment is in alignment with Allegro’s current ventures into the health and performance nutrition categories with Irish wholefood distributors, WholeFoods Wholesale, and Body Temple, one of the EU’s leading sports nutrition distributors. This will be their first foray in the US sports nutrition market estimated to be a $4.4 billion industry by Nutrition Business Journal. It is anticipated that the transaction will complete in the final quarter of 2014, subject to customary legal conditions and regulatory approvals.

Financial details of the deal were not disclosed, but Heritage Equity Partners, who brokered the transaction, reports that it involves significant investment in the future development and distribution of the Gaspari Nutrition brand. Heritage Equity Partners, formerly “Equity Partners”, based in Easton, MD, provides investment banking services for special situations and has completed in excess of 400 transactions throughout the United States since 1988.

About Gaspari Nutrition

Gaspari Nutrition is a premium market leading sports nutrition brand founded and owned by Bodybuilding and Industry icon Rich Gaspari. Distributed in over 40 countries worldwide and through major US retailers and distributors, it is renowned for innovative products and ingredients with mass consumer global appeal. Gaspari produces dietary supplements and protein powders which are sought after by both professional athletes and recreational fitness enthusiasts alike interested in improving their performance and physique. To learn more about Gaspari Nutrition, visit www.gasparinutrition.com.

About Allegro Ltd.

Allegro, with over 70 years of experience, offers a complete selling, marketing and distribution service for market leading brands in diversified categories such as food, health & beauty, household and pharmacy. Allegro offers outstanding sales performance and marketing support to the brands thanks to expertise in all trade sectors, strong relationships with key decision makers, a skilled and experienced sales force, and a complete understanding of the supply chain.

With access to operations in 20 countries, and serving many more, their corporate global infrastructure extends across over 100 distribution hubs spanning Europe, North America.

For Further Information
Contact Heritage Equity Partners
Fred Cross
Tel: 866-969-1115 ext. 2
Email: FCross@EquityPartnersHG.com

rich

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Photoshop level of the Camille Leblanc-Bazinet Cover

Posted by on Oct 8, 2014 in Anthony Roberts | 0 comments

I ran Error Level Analysis on the newly infamous Camille Leblanc-Bazinet cover of The Box magazine. Basically this gives us an idea of how many times, and where, a photo has been altered. It’s not an exact science because the final product needs to be interpreted – feel free to hit the Googles and learn more about it. But for our purposes today, what you need to know is that the black areas are untouched, and the colored areas indicate that something (usually a border/object)  has been altered from the original.

elf

Obviously we can see that the words have been added to the photo, because everywhere we see words on the left, we see colored portions on the right which deviate from the black (unchanged areas). If we look at the outline of her body, her waist appears to have been taken in. They may have simply defined the contrast between her actual waist and the background, but to my eye it looks like they shaved it down slightly (you can click on the picture to enlarge and check for yourself).  The right shoulder may have been altered, but that may be noise from the header they added behind her. It seems like they may have altered some colors here and there, but very little has been done to her body, other than the previously mentioned trimming of the waist. It’s possible that very light shading was used elsewhere on the photo, but not enough to register (or at least not enough for us to see in the current state).

The error level is just around 10% and the photo quality is just under 90%, again indicating that there wasn’t really much done to the photo and it wasn’t saved and revised a ton of times. This was probably done in a single sitting (perhaps two); certainly not a Da Vinci-like effort.

Again, ELA requires interpretation and it’s not an exact science, but if what I’m seeing is accurate, then the CLB photo wasn’t subject to a heavy photoshop.

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Steroids in Supplements – 24 Prohormones Tested and Revealed

Posted by on Oct 8, 2014 in Anthony Roberts, Featured, Studies | 0 comments

The abstract of a recently published study has been boucing around the ‘net for a few days. The headline (Anabolic steroids detected in bodybuilding dietary supplements – a significant risk to public health) tells us that the intrepid researchers have deftly identified anabolic steroids hiding in various dietary supplements. What the headline doesn’t tell us is that the products all disclose the presence of anabolic steroids on their label and in their literature. Neither is this fact mentioned in the abstract. So what appears to be a major discovery is actually a minor footnote. Sort of. Because although these products are not sold as something else, they’re sold as steroids, most contained the wrong steroid. On the other hand, some contained awesomely cool sh/t that I’d never even heard of (DihydroDesoxymethyltestosterone! Nice job, iForce!).

Here’s a look at the tested products:

PH

Of the 24 products tested, 23 contained anabolic steroids. Some contained multiple steroids and most (16) actually contained the wrong steroid(s). An insane amount of products contained the wrong number of caps per bottle (seriously). And here are the results:

ph2

ph3

Sort of a mixed bag, huh? And the worst part about it, is that the iForce product with the cool 5a-reduced DMT,  which hasn’t been on the market in years and barely was on the market for any time at all (at least when I searched for it on Google). I’m incredibly curious as to how these scientists managed to procurea bottle of something that nobody in  the world can find any longer….

 

Drug Test Anal. 2014 Oct 6. doi: 10.1002/dta.1728. [Epub ahead of print]
Anabolic steroids detected in bodybuilding dietary supplements – a significant risk to public health.
Abbate V1, Kicman AT, Evans-Brown M, McVeigh J, Cowan DA, Wilson C, Coles SJ, Walker CJ.
Author information

Abstract
Twenty-four products suspected of containing anabolic steroids and sold in fitness equipment shops in the United Kingdom (UK) were analyzed for their qualitative and semi-quantitative content using full scan gas chromatography-mass spectrometry (GC-MS), accurate mass liquid chromatography-mass spectrometry (LC-MS), high pressure liquid chromatography with diode array detection (HPLC-DAD), UV-Vis, and nuclear magnetic resonance (NMR) spectroscopy. In addition, X-ray crystallography enabled the identification of one of the compounds, where reference standard was not available. Of the 24 products tested, 23 contained steroids including known anabolic agents; 16 of these contained steroids that were different to those indicated on the packaging and one product contained no steroid at all. Overall, 13 different steroids were identified; 12 of these are controlled in the UK under the Misuse of Drugs Act 1971. Several of the products contained steroids that may be considered to have considerable pharmacological activity, based on their chemical structures and the amounts present. This could unwittingly expose users to a significant risk to their health, which is of particular concern for naïve users. Copyright © 2014 John Wiley & Sons, Ltd.

Copyright © 2014 John Wiley & Sons, Ltd.
KEYWORDS:
X-ray crystallography; anabolic steroids; dietary supplements; hepatotoxicity; image-enhancing drugs; performance-enhancing drugs

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