---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-038303"
form_type: "8-K"
ticker: "AMS"
cik: "0000744825"
company_name: "AMERICAN SHARED HOSPITAL SERVICES"
filed_at: "2024-12-26T23:59:59+00:00"
generated_at: "2026-05-28T23:27:45.606623+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-24-038303
- form_type: 8-K
- ticker: AMS
- cik: 0000744825
- company_name: AMERICAN SHARED HOSPITAL SERVICES
- filed_at: 2024-12-26T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/744825/000143774924038303/0001437749-24-038303-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/744825/000143774924038303/asha20241223_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-038303
- JSON: https://secwatch.observer/filing/0001437749-24-038303.json
- Plain text: https://secwatch.observer/filing/0001437749-24-038303.txt

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