---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-007063"
form_type: "8-K"
ticker: "AMS"
cik: "0000744825"
company_name: "AMERICAN SHARED HOSPITAL SERVICES"
filed_at: "2022-03-24T23:59:59+00:00"
generated_at: "2026-06-26T19:00:50.437994+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-22-007063
- form_type: 8-K
- ticker: AMS
- cik: 0000744825
- company_name: AMERICAN SHARED HOSPITAL SERVICES
- filed_at: 2022-03-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/744825/000143774922007063/0001437749-22-007063-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/744825/000143774922007063/asha20220323_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-007063
- JSON: https://secwatch.observer/filing/0001437749-22-007063.json
- Plain text: https://secwatch.observer/filing/0001437749-22-007063.txt

## Key facts
- Executive change
  Ernest A. Bates was appointed as Director at AMERICAN SHARED HOSPITAL SERVICES.
  - Action: appointed
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/744825/000143774922007063/0001437749-22-007063-index.htm
- Executive change
  Saim Mert Ozyurek resigned as Director at AMERICAN SHARED HOSPITAL SERVICES.
  - Action: resigned
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/744825/000143774922007063/0001437749-22-007063-index.htm

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