Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 995

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 15
Chunk 995
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 permitted to sell an aggregate of up to $4,712 in Shares under the Equity Agreement, which represents one-third of the value of the Common Stock held by non-affiliates.
    
   The Equity Agreement includes customary representations, warranties, and covenants by the Company and customary obligations of the parties and termination provisions. The Company has agreed to indemnify the Sales Agent against certain liabilities, including liabilities under the Securities Act, or to contribute to payments the Sales Agent  may be required to make with respect to any of those liabilities. The Company will pay the Sales Agent a commission of 2.5% of the gross offering proceeds of the Shares sold through the Sales Agent pursuant to the Equity Agreement.
    
   The offering of the Common Stock pursuant to the Equity Agreement will terminate upon the sale of all of the Shares pursuant to the Equity Agreement, unless sooner terminated in accordance with the terms and conditions of the Equity Agreement.
    
   During the year ended  December 31, 2024, the Company sold 13,500 shares in the open market pursuant to the Equity Agreement for a total net sale price of $154. No shares were sold under the Equity Agreement during the years ended  December 31, 2023 and 2022.

        F-
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   Dividends and Distributions 
    
   During the years ended  December 31, 2024 and 2023, the Company paid cash dividends of $1.00 per common share, respectively. During the year ended  December 2022, the Company paid cash dividends of $1.75, which included a special cash dividend of $0.75 per share paid on  April 5, 2022. 
    
   In the aggregate, during 2024, 2023, and 2022, the Company paid cash dividends on its outstanding Common Stock in the amount of $1,873, $1,750, and $2,558, respectively. Pro-rata distributions were made to the other members of the Operating LLC upon the payment of dividends to the Company’s stockholders. During 2024, 2023, and 2022, the Company paid cash distributions of $4,819, $4,344, and $6,485, respectively, to the holders of the non-controlling interest (that is, the members of the Operating LLC other than Cohen &