Company: COHN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033482
Chunk: 90

Company: Cohen & Co Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 90
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$(78)
 Interest expense (income)                 
 JKD Investor  $214  $38  $788  $758 
  $214  $38  $788  $758 

   ﻿ The following related party transactions are not included in the table above.
    
   D.  Directors and Employees 
    
   On  October 1, 2024, the Company assumed the final year obligation of a three-year corporate aircraft program membership from the Company's executive chairman, Daniel G. Cohen. The contract, which allowed for an allotted number of hours of air travel on select aircraft, expired on  September 30, 2025. The Company used the air travel for general business purposes and recorded the expense for this arrangement in business development, occupancy, and equipment expense in the consolidated statement of operations.
    
   During the three months ended  September 30, 2025, and 2024, the Company recognized $234 and $0, respectively, of expense on this arrangement. During the nine months ended  September 30, 2025 and 2024, the Company recognized $520 and $0, respectively, of expense on this arrangement.
    
   On  October 1, 2025, the Company and Cohen Circle jointly entered a three-year corporate aircraft program membership agreement, with the contract term going through  September 30, 2028. The arrangement allows for an allotted number of flight hours on select aircraft. During  September 2025, the Company paid $699 for the first year of the contract and Cohen Circle will reimburse the Company for any flight hours used for Cohen Circle business purposes.
    
   From time to time, the Company purchases produce from Grand Cru Farm as a benefit to its employees.  Grand Cru Farm is owned by Daniel G. Cohen.  The Company purchased $8 and $0 from Grand Cru Farm during the three months ended  September 30, 2025 and 2024, respectively.  The Company purchased $23 and $0 from Grand Cru Farm during the nine months ended  September 30, 2025 and 2024, respectively. 
    
   The Company has entered into employment agreements with Daniel G. Cohen and Joseph W. Pooler, Jr., the Company's chief financial officer.  The Company has entered into its standard indemnification agreement with each of its directors and executive officers.