secwatch.observer — SEC 8-K summary
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Issuer:     Cohen & Co Inc. (COHN)
CIK:        0001270436
Form:       8-K
Filed at:   2024-09-24T23:59:59+00:00
Accession:  0001104659-24-102443
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cohen & Co redeems $7.7M board-affiliated investment with cash and note at 12%
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- Paid $2,572,963 cash and issued $5,145,927 senior promissory note at 12% interest to JKD Capital Partners I LTD.
- Note principal due: $2,572,963 on Aug 31, 2025 and $2,572,964 on Aug 31, 2026; interest payable quarterly.
- Terminated 2016 Investment Agreement with JKD, owned by board member Jack J. DiMaio Jr. and spouse.
- Note senior to other indebtedness; no prepayment allowed before Jan 31, 2025 without penalty.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1270436/000110465924102443/0001104659-24-102443-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1270436/000110465924102443/tm2424580d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-102443

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