AMS CFO resigns; new CFO appointed; receives CON for RI proton beam facility

AMERICAN SHARED HOSPITAL SERVICES

CFO Robert Hiatt resigned Dec 19, 2024; R. Scott Frech named successor effective immediately.
New CFO Frech receives $275K base salary, performance bonus of 30%, and 50,000 RSUs vesting over 5 years.
AMS subsidiary obtained Certificate of Need for a freestanding proton beam radiation system in Johnston, RI.
Facility expected to treat first patients in 36-39 months; expands RI cancer care network.
Company entered $7M term loan with Fifth Third Bank to finance prior RI acquisition.

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