Company: COHN
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001437749-25-014235
Chunk: 54

Company: Cohen & Co Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 1
Chunk 54
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EST EXPENSE
   (Dollars in Thousands)

       Three Months Ended March 31,  
   2025    2024  
 Junior subordinated notes   1,144  $1,161 
 2020/2024 Notes   286   127 
 Byline Credit Facility   18   19 
 Redeemable financial instrument - JKD Investor   -   359 
  $1,448  $1,666 

       ﻿

       37

   16. EQUITY 
    
   Stockholders’ Equity
    
   Common Equity: The following table reflects the activity for the three months ended  March 31, 2025 related to the number of shares of unrestricted Common Stock that the Company had issued.

       Common Stock  
   Shares  
 December 31, 2024   1,635,261 
 Vesting of shares   138,586 
 Shares withheld for employee taxes and retired   (34,711)
 March 31, 2025   1,739,136 

   Series E Voting Non-Convertible Preferred Stock: Each share of the Company’s Series E Voting Non-Convertible Preferred Stock (“Series E Preferred Stock”) has no economic rights but entitles the holders thereof to vote the Series E Preferred Stock on all matters presented to the Company’s stockholders.  For every ten shares of Series E Preferred Stock, the holders are entitled to one vote on any such matter.  Daniel G. Cohen, the Company’s chairman, is the sole holder of all 4,983,557 shares of Series E Preferred Stock issued and outstanding as of  March 31, 2025. For a more detailed description of these shares see note 21 to the Company’s Annual Report on Form 10-K for the year ended  December 31, 2024.
   ﻿ 
   Series F Voting Non-Convertible Preferred Stock:  On  December 23, 2019, the Company’s board of directors adopted a resolution that reclassified 25,000,000 authorized but unissued shares of Preferred Stock, par value $0.001 per share, of the Company as a series of Preferred Stock designated as Series F Voting Non-Convertible Preferred Stock (“Series F Preferred Stock”).  Pursuant to the Securities Purchase Agreement, dated  December 30, 2019, by and among the Company,