---
schema_version: "secwatch.filing_event.v1"
accession: "0000355019-22-000060"
form_type: "8-K"
ticker: "FONR"
cik: "0000355019"
company_name: "FONAR CORP"
filed_at: "2022-12-01T23:59:59+00:00"
generated_at: "2026-06-21T11:15:04.589480+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Fonar hires Laurel Hill to assist with $9M share buyback as only $200k repurchased to date

## Summary
- Fonar engaged Laurel Hill Advisory Group as Information Agent for its $9 million share repurchase program announced September 2022.
- Through November 25, 2022, only approximately $200,000 of shares had been repurchased under the program.
- CEO Timothy Damadian highlighted $119M current assets, $48M cash, and minimal liabilities, underscoring capacity for buybacks.
- Laurel Hill will assist stockholders in participating in the program; repurchases at management's discretion based on market conditions.

## SEC filing metadata
- accession: 0000355019-22-000060
- form_type: 8-K
- ticker: FONR
- cik: 0000355019
- company_name: FONAR CORP
- filed_at: 2022-12-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/355019/000035501922000060/0000355019-22-000060-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/355019/000035501922000060/fonar_8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000355019-22-000060
- JSON: https://secwatch.observer/filing/0000355019-22-000060.json
- Plain text: https://secwatch.observer/filing/0000355019-22-000060.txt

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