secwatch.observer — SEC 8-K summary
======================================

Issuer:     AMERICAN SHARED HOSPITAL SERVICES (AMS)
CIK:        0000744825
Form:       8-K
Filed at:   2026-03-19T23:59:59+00:00
Accession:  0001437749-26-008996
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ASHS extends Orlando Health proton beam lease 7 years to 2033; payment based on technical component collections
--------------------------------------------------------------------------------

- Lease term extended from April 6, 2026 to April 5, 2033 for Mevion S250 proton therapy system.
- Lease payments during extension set as decreasing percentage of Technical Component Collections (percentages redacted).
- Orlando Health granted purchase option exercisable April 2030–2032 at redacted price; removal required if not exercised.
- ASHS must remove equipment at own cost; must post surety bond or alternative security for removal obligation.
- Both parties restricted from launching competing proton programs in central Florida before April 2033; ASHS gets ROFO on any sale.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/744825/000143774926008996/0001437749-26-008996-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/744825/000143774926008996/asha20260319_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-008996

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer