Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 1436

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1A
Chunk 1436
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 and 2023, the Company paid cash dividends of $1.00 per common share, respectively. During the year ended  December 2022, the Company paid cash dividends of $1.75, which included a special cash dividend of $0.75 per share paid on  April 5, 2022. 
    
   In the aggregate, during 2024, 2023, and 2022, the Company paid cash dividends on its outstanding Common Stock in the amount of $1,873, $1,750, and $2,558, respectively. Pro-rata distributions were made to the other members of the Operating LLC upon the payment of dividends to the Company’s stockholders. During 2024, 2023, and 2022, the Company paid cash distributions of $4,819, $4,344, and $6,485, respectively, to the holders of the non-controlling interest (that is, the members of the Operating LLC other than Cohen & Company Inc.). 
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   Certain subsidiaries of the Operating LLC have restrictions on the withdrawal of capital and otherwise in making distributions and loans.  JVB is subject to net capital restrictions imposed by the SEC and FINRA, which require certain minimum levels of net capital to remain in this subsidiary. In addition, these restrictions could potentially impose notice requirements or limit the Company’s ability to withdraw capital above the required minimum amounts (excess capital) whether through distribution or loan. CCFESA is regulated by the ACPR and subject to certain minimum levels of capital. 
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   Shares Outstanding of Stockholders’ Equity of the Company 
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   The following table summarizes share transactions that occurred in stockholders’ equity during the years ended  December 31, 2024, 2023, and 2022.  
    
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    ROLLFORWARD OF SHARES OUTSTANDING OF 
 COHEN & COMPANY INC. 

       Common Stock    Restricted Stock    Total  
 December 31, 2021   1,331,150   366,293   1,697,443 
 Issuance as equity-based compensation   -   92,400   92,400 
 Vesting of shares   117,634   (117,634)  - 
 Shares withheld for employee taxes   (15,501)  -