AMS reports Q4 net income $0.04/diluted share vs loss; founder Bates returns to board

AMERICAN SHARED HOSPITAL SERVICES

Q4 revenue $4.689M (+1.8% YoY); operating income $723K vs loss $8.543M YoY (includes impairments).
Non-GAAP operating income $828K vs loss $279K; net income $219K ($0.04/diluted) vs loss $6.231M (-$1.01).
Full-year revenue $17.628M (-1.2%); net income $194K ($0.03) vs loss $7.058M (-$1.14).
Cash and restricted cash $8.263M at Dec 31, 2021, up from $4.325M; $7M unused working capital line.
Founder Ernest A. Bates appointed to board, replacing Saim Mert Ozyurek who resigned; no disagreement.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Ernest A. Bates

Director

AMS · AMERICAN SHARED HOSPITAL SERVICES

Effective: 2022-03-22
Filed: March 24, 2022, 7:59 PM ET

On March 22, 2022, Ernest A. Bates, M.D was appointed as a member of the Board of Directors (the “Board”) of the Company, effective March 22, 2022.

Departed

Saim Mert Ozyurek

Director

AMS · AMERICAN SHARED HOSPITAL SERVICES

Effective: 2022-03-22
Successor: Ernest A. Bates
Filed: March 24, 2022, 7:59 PM ET

On March 22, 2022, Saim Mert Ozyurek resigned from the Board, effective March 22, 2022. The resignation of Mr. Ozyurek was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Ernest A. Bates was appointed as Director at AMERICAN SHARED HOSPITAL SERVICES.

Action: appointed
Role: Director

Exact text from the filing

On March 22, 2022, Ernest A. Bates, M.D was appointed as a member of the Board of Directors (the “Board”) of the Company, effective March 22, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Saim Mert Ozyurek resigned as Director at AMERICAN SHARED HOSPITAL SERVICES.

Action: resigned
Role: Director

Exact text from the filing

On March 22, 2022, Saim Mert Ozyurek resigned from the Board, effective March 22, 2022. The resignation of Mr. Ozyurek was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.

View on SEC.gov

AMERICAN SHARED HOSPITAL SERVICES filing history →

Source: SEC EDGAR

accession 0001437749-22-007063

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