Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 2905

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 6
Chunk 2905
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  $(20,929)
             
 Operating expense (income)             
 Duane Morris  $632  $432  $621 
 Cohen Circle   (104)  (103)  (66)
  $528  $329  $555 
 Interest expense (income)             
 JKD Investor  $1,050  $941  $943 
 DGC Trust   -   -   327 
  $1,050  $941  $1,270 

   The following related party transactions are non-routine and are not included in the table above.
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   H. Directors and Employees 
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   On  October 1, 2024, the Company assumed the final year obligation of a three-year corporate aircraft program arrangement from the Company's executive chairman, Daniel G. Cohen.  The cost of the final year obligation is $1,208.  The arrangement allows for an allotted number of hours of air travel on selected aircraft.  The Company intends to use the air travel for general business purposes. During the year ended  December 31, 2024, the Company recognized $291 of amortization expense on this lease, which is record in business development, occupancy, equipment expense in the consolidated statement of operations.
    
   The Company has entered into employment agreements with Daniel G. Cohen, its executive chairman, and Joseph W. Pooler, Jr., its chief financial officer.  The Company has entered into its standard indemnification agreement with each of its directors and executive officers.
   ﻿ 
   The Company maintains a 401(k)-savings plan covering substantially all its employees.  The Company matches 50% of employee contributions for all participants not to exceed 3% of their salary.  Contributions made to the plan on behalf of the Company were $438, $396, and $377 for the years ended  December 31, 2024, 2023, and 2022, respectively.
    
   The Company leased office space from Zucker and Moore, LLC.  Zucker and Moore, LLC is partially owned by Jack DiMaio, Jr., the vice chairman of the Company's board of directors. The lease terminated  June 20, 2022. The Company recorded $48 of rent expense related to this agreement for the year