Company: COHN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033482
Chunk: 248

Company: Cohen & Co Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 248
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 Company recorded a reduction in the redeemable financial instrument of $5,146 and a corresponding increase of $5,146 in debt.

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   23. RELATED PARTY TRANSACTIONS 
    
   Certain terms in this footnote are defined in the Company’s Annual Report on Form 10-K for the year ended  December 31, 2024.  The Company has identified the following related party transactions for the nine months ended  September 30, 2025 and 2024. The transactions are listed by the related party and, unless otherwise noted in the text of the description, the amounts are disclosed in the tables at the end of this section.
     
   A. JKD Investor 
    
   The JKD Investor is an entity owned by Jack J. DiMaio, the vice chairman of the board of directors and vice chairman of the Operating LLC’s board of managers, and his spouse.  On  October 3, 2016, the Operating LLC and JKD Investor entered into the JKD Investment Agreement. The interest expense incurred relating to the JKD Investment Agreement is disclosed in the table below. See note 4.
    
   Effective  September 1, 2024, JKD Investor and the Operating LLC entered into the Redemption Agreement, which terminated the JKD Investment Agreement in its entirety and resulted in the full redemption of the redeemable financial instrument. Pursuant to the Redemption Agreement, the Company issued to JKD Investor the 2024 Note in the principal amount of $5,146. The Company elected to prepay $2,573 of the principal amount of the 2024 Note that was due on  August 31, 2025 on  June 30, 2025.   The interest incurred on the 2024 Note is disclosed in the table below. See notes 4 and 15.
    
   On  January 31, 2020, JKD Investor purchased $2,250 of the 2020 Notes. On  January 31, 2022, the Operating LLC and JKD Investor entered into the 2022 Note Purchase Agreement, pursuant to which, among other things, on such date, (i) JKD Investor paid to the Operating LLC an additional $2,250 and (ii) in consideration for such funds, the Operating LLC issued to JKD Investor the 2020 Note in the aggregate principal