NEW YORK — Muscle Pharm Corp., a sports nutrition company, paid its founder, ex-National Football League wide receiver Brad Pyatt, more than $200,000 for golf bags, jewelry, clothing, spa tabs and other perks in 2012 and 2013.
Also included in the compensation package were airfare, extra lodging, entertainment and leisure activities for him and his spouse at company retreats in Cabo San Lucas, Mexico, in 2012, and in Dana Point, Calif., the next year, according to the Denver-based company’s April 30 proxy filing. The value of many of those perks weren’t disclosed in previous proxies.
MusclePharm had been under investigation by the Securities and Exchange Commission. The company in March said it amended prior filings “to revise various disclosures concerning executive compensation and disclosure of perquisites,” according to its annual report. It reached an agreement with the SEC in April. Pyatt repaid the company $62,082 for perks last year.
Becky Warren, a spokeswoman for MusclePharm, declined to comment.
