Business Context and Reporting Period
Company: Cohen & Company Inc. (formerly Alesco Financial Inc.)
Filing Type: Form 8-K (Current Report)
Date of Report: May 25, 2010
Jurisdiction: Maryland
Principal Office: Philadelphia, Pennsylvania
Key Financial Metrics
This filing does not contain specific revenue, profit, cash flow, margin, debt, or liquidity figures. The document serves as a notice of disclosure and incorporates by reference a computation of the Ratio of Earnings to Fixed Charges for fiscal years 2005 through 2009 and the three months ended March 31, 2010 (Exhibit 12.1). The actual numerical values for these ratios are not provided in the text of this report.
Material Changes
No material changes to financial performance or operations are detailed within the text of this filing. The report focuses on regulatory disclosures regarding a website presentation and the submission of historical earnings-to-fixed-charges computations.
Guidance, Outlook, and Management Commentary
- Regulation FD Disclosure (Item 7.01): On May 25, 2010, the company posted a presentation on its investor relations website. This presentation is furnished but not deemed "filed" under Section 18 of the Securities Exchange Act of 1934.
- Management Obligations: The registrant explicitly states it undertakes no duty or obligation to publicly update or revise the information in the presentation, though it may do so at management's discretion.
- Other Events (Item 8.01): The company submitted a computation of the Ratio of Earnings to Fixed Charges for the period ending March 31, 2010, and the preceding five fiscal years, incorporating it into an effective Form S-3 Registration Statement.
Investor Verification Checklist
- Review the presentation posted on the company website (www.cohenandcompany.com/investorrelations) on May 25, 2010, for specific operational or financial details not included in this 8-K.
- Examine Exhibit 12.1 (Computation of Ratios) to verify the specific Ratio of Earnings to Fixed Charges for the fiscal years 2005–2009 and the quarter ended March 31, 2010.
- Confirm the status of the effective Registration Statement on Form S-3 (File No. 333-166385) referenced in Item 8.01.