---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-000338"
form_type: "8-K"
ticker: "COHN"
cik: "0001270436"
company_name: "Cohen & Co Inc."
filed_at: "2024-01-02T23:59:59+00:00"
generated_at: "2026-06-07T05:06:10.816035+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Cohen & Co. adopts NOL poison pill triggered at 4.95% ownership

## Summary
- Section 382 Rights Agreement executed Jan 2, 2024 with Computershare as rights agent.
- One Right distributed per common share for holders of record Jan 16, 2024; exercise price $100 per Unit.
- Rights become exercisable if a person acquires 4.95% or more of common stock, protecting NOL carryforwards.
- Rights expire Dec 31, 2026 unless redeemed earlier at $0.001 per Right or other termination events occur.
- Board retains ability to redeem Rights at any time until 10 days after an Acquisition Person is identified.

## SEC filing metadata
- accession: 0001104659-24-000338
- form_type: 8-K
- ticker: COHN
- cik: 0001270436
- company_name: Cohen & Co Inc.
- filed_at: 2024-01-02T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 3.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1270436/000110465924000338/0001104659-24-000338-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1270436/000110465924000338/tm2333684d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-000338
- JSON: https://secwatch.observer/filing/0001104659-24-000338.json
- Plain text: https://secwatch.observer/filing/0001104659-24-000338.txt

## Key facts
- Material Agreements
  Cohen & Co Inc. entered into Section 382 Rights Agreement with Computershare Inc. (effective 2024-01-02).
  - Action: entry
  - Counterparty: Computershare Inc.
  - Effective: 2024-01-02
  source text: On January 2, 2024, Cohen & Company Inc., a Maryland corporation (the “Company”), entered into a Section 382 Rights Agreement (the “Rights Agreement”) between the Company and Computershare Inc., as rights agent (the “Rights Agent”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1270436/000110465924000338/0001104659-24-000338-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.