Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 557

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1
Chunk 557
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 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 ended  December 31, 2022, which is included as a component of business development, occupancy, and equipment in the statement of operations. 
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        F-
       80

   32. DUE FROM / DUE TO RELATED PARTIES 
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   Amounts due to related parties related to redeemable financial instruments and outstanding debt are included as components of those balances in the consolidated balance sheets.  In addition, interest or investment return owed on those balances are included as a component of accounts payable and other liabilities in the consolidated balance sheets.  Any investment made in an equity method affiliate for which the Company does not elect the fair value option is included as a component of investments in equity method affiliates in the consolidated balance sheets.  Any investment made in an equity method affiliate for which the Company elected the fair value option is included as a component of other investments, at fair value in the consolidated balance sheets.
    
   The following table summarizes the outstanding due from /due to related parties. These amounts  may result from normal operating advances, employee advances, or from timing differences between the transactions disclosed in note 31 and final settlement of those transactions in cash. All amounts are primarily non-interest bearing.
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    DUE FROM/DUE TO RELATED PARTIES 
 (Dollars in Thousands) 

       December 31, 2024    December 31, 2023  
 CREO JV  $74  $- 
 Employee & other   458   319 
 SPAC Fund - other receivable   127   15 
 U.S. Insurance JV   282