secwatch.observer — SEC 8-K summary
======================================

Issuer:     AMERICAN SHARED HOSPITAL SERVICES (AMS)
CIK:        0000744825
Form:       8-K
Filed at:   2021-12-30T23:59:59+00:00
Accession:  0001437749-21-029499
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AMS elects two new directors, founder resigns as CEO gets RSU grant
-------------------------------------------------------------------

- New directors Kathleen Miles and Vicki L. Wilson appointed Dec 28, 2021; Wilson to chair Audit Committee.
- Founder Ernest A. Bates, M.D. and David L. Larson, M.D. resign from board; become consultants at $50k/yr and $25k/yr.
- Sandra A. J. Lawrence resigned Dec 24 due to policy of another board she serves.
- Board size reduced from six to five members.
- CEO Raymond C. Stachowiak receives 2022 base salary of $275k and 120k RSUs vesting quarterly.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/744825/000143774921029499/0001437749-21-029499-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/744825/000143774921029499/asha20211230_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-21-029499

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer