Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 1516

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1B
Chunk 1516
---
 BENEFITS 

      (Dollars in Thousands) 

      Year Ended December 31, 

      2023 

      2022 

      Change 

      Cash compensation and benefits 
      
     $
     47,701

     $
     45,900

     $
     1,801

      Equity-based compensation 

     4,391

     4,390

     1

      Total 
      
     $
     52,092

     $
     50,290

     $
     1,802

Cash compensation and benefits in the table above is primarily comprised of salary, incentive compensation, severance, employer portion of payroll taxes, and benefits.  Cash compensation and benefits increased by $1,801 to $47,701 for the year ended December 31, 2023, as compared to $45,900 for the year ended December 31, 2022.  Our headcount decreased to 118 as of December 31, 2023 from 121 as of December 31, 2022.  Cash compensation increased primarily due to an increase in incentive compensation related to the increase in overall revenue and income from equity method affiliates. 

Equity-based compensation remained relatively flat.  

    ﻿ 

Business Development, Occupancy, and Equipment 

Business development, occupancy, and equipment increased by $128, or 3%, to $5,204 for the year ended December 31, 2023, as compared to $5,076 for the year ended December 31, 2022. This increase was comprised of an increase in occupancy and equipment of $297, partially offset by a decrease in business development of $169.  

﻿ 

Subscriptions, Clearing, and Execution 

Subscriptions, clearing, and execution increased by $691, or 8%, to $8,965 for the year ended December 31, 2023, as compared to $8,274 for the year ended December 31, 2022.  The increase was comprised of an increase in subscriptions and dues of $573 and an increase in clearing and execution of $118.  

﻿   

      58

Professional Fee and Other Operating Expenses 

﻿ 

Professional fee and other operating expenses increased by $1,143, or 14%, to $9,296 for the year ended December 31