0001466538-21-000004.txt : 20210126 0001466538-21-000004.hdr.sgml : 20210126 20210126161111 ACCESSION NUMBER: 0001466538-21-000004 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20210126 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20210126 DATE AS OF CHANGE: 20210126 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COWEN INC. CENTRAL INDEX KEY: 0001466538 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34516 FILM NUMBER: 21554173 BUSINESS ADDRESS: STREET 1: 599 LEXINGTON AVENUE, 20TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212-845-7900 MAIL ADDRESS: STREET 1: 599 LEXINGTON AVENUE, 20TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 FORMER COMPANY: FORMER CONFORMED NAME: COWEN GROUP, INC. DATE OF NAME CHANGE: 20091102 FORMER COMPANY: FORMER CONFORMED NAME: LexingtonPark Parent Corp DATE OF NAME CHANGE: 20090617 8-K 1 cown-20210126.htm 8-K cown-20210126
0001466538FALSE00014665382021-01-262021-01-260001466538exch:XNMSus-gaap:CommonClassAMember2021-01-262021-01-260001466538cown:A2027NotesMemberexch:XNMS2021-01-262021-01-260001466538cown:A2033NotesMemberexch:XNMS2021-01-262021-01-26

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 26, 2021

COWEN INC.
(Exact Name of Registrant as Specified in Charter)

Delaware001-3451627-0423711
(State or Other Jurisdiction of Incorporation)(Commission File Number)
(I.R.S. Employer
Identification No.)


599 Lexington Avenue
New York, NY 10022
(Address of Principal Executive Offices and Zip Code)
Registrant’s telephone number, including area code: (212) 845-7900

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
      Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.   ☐




Securities registered pursuant to Section 12(b) of the Act:
Title of Each ClassTrading SymbolName of Exchange on Which Registered
Class A Common Stock, par value $0.01 per shareCOWNThe Nasdaq Global Market
7.35% Senior Notes due 2027COWNZThe Nasdaq Global Market
7.75% Senior Notes due 2033COWNLThe Nasdaq Global Market



2


Item 8.01    Other Events.

On January 26, 2021, Cowen Inc. (the “Company”) issued a press release announcing that the Company’s Board of Directors has declared a quarterly cash dividend of $14.06 per share on the Company’s 5.625% Series A Cumulative Perpetual Convertible Preferred Stock. The dividend payment will be made on February 16, 2021, to the holders of record at the close of business on February 1, 2021.

A copy of the press release is attached hereto at Exhibit 99.1.
3


 Item 9.01. Financial Statements and Exhibits.

4




SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
COWEN INC.



Dated: January 26, 2021By:/s/ Owen S. Littman
Name:Owen S. Littman
Title:General Counsel




5

 EX-99.1 2 cowenperpetualpreferreddiv.htm EX-99.1 Document
image_11a.jpg
Cowen Declares Quarterly Dividend On Its
Series A Cumulative Perpetual Convertible Preferred Stock

NEW YORK — January 26, 2021 — Cowen Inc. (NASDAQ:COWN) (“Cowen” or the “Company) today announced that its Board of Directors has declared a quarterly cash dividend of $14.06 per share on the Company’s 5.625% Series A Cumulative Perpetual Convertible Preferred Stock (the “Convertible Preferred Stock”).

The quarterly dividend on the Convertible Preferred Stock is payable on February 16, 2021, to holders of record at the close of business on February 1, 2021.

About Cowen Inc.

Cowen Inc. (“Cowen” or the “Company”) is a diversified financial services firm offering investment banking services, equity and credit research, sales and trading, prime brokerage, global clearing, commission management services and actively managed alternative investment products. Cowen focuses on delivering value-added capabilities to our clients in order to help them outperform. Founded in 1918, the Company is headquartered in New York and has offices worldwide. Learn more at Cowen.com

For further information, contact:

Cowen Inc.
J.T. Farley, Investor Relations
(646) 562-1056
james.farley@cowen.com




                    

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Document and Entity Information
Jan. 26, 2021
Entity Information [Line Items]  
Document Type 8-K
Document Period End Date Jan. 26, 2021
Entity Registrant Name COWEN INC.
Entity Incorporation, State or Country Code DE
Entity File Number 001-34516
Entity Tax Identification Number 27-0423711
Entity Address, Address Line One 599 Lexington Avenue
Entity Address, City or Town New York
Entity Address, State or Province NY
Entity Address, Postal Zip Code 10022
City Area Code 212
Local Phone Number 845-7900
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company false
Entity Central Index Key 0001466538
Amendment Flag false
Common Class A | The Nasdaq Global Market  
Entity Information [Line Items]  
Title of 12(b) Security Class A Common Stock, par value $0.01 per share
Trading Symbol COWN
Security Exchange Name NASDAQ
2027 Notes | The Nasdaq Global Market  
Entity Information [Line Items]  
Title of 12(b) Security 7.35% Senior Notes due 2027
Trading Symbol COWNZ
Security Exchange Name NASDAQ
2033 Notes | The Nasdaq Global Market  
Entity Information [Line Items]  
Title of 12(b) Security 7.75% Senior Notes due 2033
Trading Symbol COWNL
Security Exchange Name NASDAQ
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