---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-010978"
form_type: "8-K"
ticker: "AMS"
cik: "0000744825"
company_name: "AMERICAN SHARED HOSPITAL SERVICES"
filed_at: "2025-04-04T23:59:59+00:00"
generated_at: "2026-05-23T21:49:10.430694+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# American Shared Hospital Services FY2024 revenue +32.9%, net income +258.4%; appoints new CEO

## Summary
- FY 2024 revenue $28.34M (+32.9% YoY); net income $2.186M (+258.4% YoY)
- Q4 2024 revenue $9.069M (+59.2% YoY); net loss $1.308M vs income $0.415M in Q4 2023
- Direct patient services revenue surged 253.4% to $12.56M; leasing revenue down 12.1% to $15.63M
- Appointed Gary Delanois as CEO; Raymond Stachowiak became Executive Chairman
- Adjusted EBITDA for FY 2024 $8.885M (+8.5% YoY); Q4 adjusted EBITDA $3.464M (+29.3%)

## SEC filing metadata
- accession: 0001437749-25-010978
- form_type: 8-K
- ticker: AMS
- cik: 0000744825
- company_name: AMERICAN SHARED HOSPITAL SERVICES
- filed_at: 2025-04-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/744825/000143774925010978/0001437749-25-010978-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/744825/000143774925010978/asha20250403_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-010978
- JSON: https://secwatch.observer/filing/0001437749-25-010978.json
- Plain text: https://secwatch.observer/filing/0001437749-25-010978.txt

## Key facts
- Executive change
  Gary Delanois was appointed as Chief Executive Officer at AMERICAN SHARED HOSPITAL SERVICES.
  - Action: appointed
  - Role: Chief Executive Officer
  source text: On April 3, 2025, the Company appointed Gary Delanois to serve as the Company’s Chief Executive Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/744825/000143774925010978/0001437749-25-010978-index.htm
- Executive change
  Raymond Stachowiak changed role as Chief Executive Officer at AMERICAN SHARED HOSPITAL SERVICES.
  - Action: ceased
  - Role: Chief Executive Officer
  source text: Effective on that same date, Raymond Stachowiak ceased to serve in the role of Chief Executive Officer, however, he will continue to serve as the Company’s Executive Chairman of the Board and continue to perform the function of the Company’s principal executive officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/744825/000143774925010978/0001437749-25-010978-index.htm

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