Company: COHN
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001437749-25-014235
Chunk: 75

Company: Cohen & Co Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 1
Chunk 75
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   61   77 
 Other SPAC Entities   -   5 
  $133  $241 
 Income (loss) from equity method affiliates         
 Dutch Real Estate Entities  $316  $(116)
 Other SPAC Entities   2,102   29,161 
  $2,418  $29,045 
         
 Operating expense (income)         
 Duane Morris  $460  $158 
 Cohen Circle   (26)  (26)
  $434  $132 
 Interest expense (income)         
 JKD Investor  $286  $486 
  $286  $486 

   ﻿ The following related party transactions are not included in the tables above.
    
   E.  Directors and Employees 
    
   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 select aircraft. The Company intends to use the air travel for general business purposes. During the three months ended  March 31, 2025 and 2024, the Company recognized $204 and $0, respectively, of amortization expense on this lease, which is record in business development, occupancy, equipment expense in the consolidated statement of operations.
    
   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 $11 and $0 from Grand Cru Farm during the three months ended  March 31, 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.
    
   The Company maintains a 401(k)-savings plan covering substantially all of its employees.  The Company matches 50% of employee contributions for all participants not to exceed 3% of their eligible compensation. Contributions made on behalf of the Company were $