secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN SHARED HOSPITAL SERVICES (AMS)
CIK:        0000744825
Form:       8-K
Filed at:   2023-03-31T23:59:59+00:00
Accession:  0001437749-23-008853
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

CEO salary raised $50k, gets 50k options; Executive Chairman gets 120k RSUs; President/CFO salary to be cut $60k
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- Peter Gaccione's annual base salary increased by $50,000 effective March 1, 2023, and he received an option to purchase 50,000 shares at March 28 closing price, vesting over 5 years.
- Raymond Stachowiak receives annual base salary of $275,000 as Executive Chairman and a grant of 120,000 RSUs vesting quarterly over one year.
- Craig Tagawa's annual base salary will be reduced by $60,000 upon appointment of a new CFO; he will remain President and Assistant Secretary.
- Company is searching for a replacement CFO; Tagawa continues as CFO until then.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/744825/000143774923008853/0001437749-23-008853-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/744825/000143774923008853/asha20230330_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-008853

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