---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-000099"
form_type: "8-K"
ticker: "AMS"
cik: "0000744825"
company_name: "AMERICAN SHARED HOSPITAL SERVICES"
filed_at: "2026-01-02T23:59:59+00:00"
generated_at: "2026-05-16T11:52:05.617071+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# American Shared Hospital Services will restate Q3 2025 10-Q due to debt classification error

## Summary
- Audit committee concluded unaudited Sept 30, 2025 balance sheet misclassified $8.6M in debt as long-term; should be current liabilities.
- Error arose after Fifth Third default notice for failing to maintain $5M unrestricted cash minimum; cross-default under DFC loan.
- Restatement will reclassify $7.95M (Fifth Third) and $0.65M (DFC) debt; no effect on revenue, net loss, or cash flows.
- Company is seeking waiver/amendment from Fifth Third; no acceleration of obligations yet.

## SEC filing metadata
- accession: 0001437749-26-000099
- form_type: 8-K
- ticker: AMS
- cik: 0000744825
- company_name: AMERICAN SHARED HOSPITAL SERVICES
- filed_at: 2026-01-02T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 4.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/744825/000143774926000099/0001437749-26-000099-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/744825/000143774926000099/asha20251230_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-000099
- JSON: https://secwatch.observer/filing/0001437749-26-000099.json
- Plain text: https://secwatch.observer/filing/0001437749-26-000099.txt

## Source-grounded claims
- claim_id: b164e792d8a7d63a3ab54c3f19aadc0323a5d607
  claim: AMERICAN SHARED HOSPITAL SERVICES reported that prior financial statements should not be relied upon.
  evidence_excerpt: On December 27, 2025, the Audit Committee of the Board of Directors of American Shared Hospital Services (the “ Company ”) concluded, after discussions with management and Baker Tilly US, LLP, the Company’s independent registered public accounting firm, that the Company’s unaudited condensed balance sheet that was part of the Company’s financial statements as of September 30, 2025 (the “ Previous Financial Statements ”), included in the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2025, filed with the Securities and Exchange Commission (the “ SEC ”) on November 14, 2025 (the “ Q3 2025 Quarterly Report ”), should no longer be relied upon as it relates to the classification of the Company’s indebtedness as of September 30, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/744825/000143774926000099/0001437749-26-000099-index.htm

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