---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-019561"
form_type: "8-K"
ticker: "AMS"
cik: "0000744825"
company_name: "AMERICAN SHARED HOSPITAL SERVICES"
filed_at: "2026-06-04T20:06:13+00:00"
generated_at: "2026-06-04T20:24:53.708146+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# American Shared Hospital Services Receives Notice of Default Under Credit Agreement with Fifth Third Bank

## Summary
- Lender asserted Events of Default including failure to maintain $5M minimum cash as of Sep 30, 2025.
- Defaults also include failure to comply with Fixed Charge Coverage Ratio and Total Funded Debt Ratio as of Dec 31, 2025.
- Borrowers failed to deliver Compliance Certificate for Q1 2026 and did not pay Term Loan and Delayed Draw Term Loan obligations on April 9, 2026.
- Lender increased interest to Default Rate (plus 2% per annum) and reserved rights to accelerate obligations.
- Company states it lacks sufficient cash to satisfy accelerated payment obligations if lender accelerates.

## SEC filing metadata
- accession: 0001437749-26-019561
- form_type: 8-K
- ticker: AMS
- cik: 0000744825
- company_name: AMERICAN SHARED HOSPITAL SERVICES
- filed_at: 2026-06-04T20:06:13+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.04
- EDGAR index: https://www.sec.gov/Archives/edgar/data/744825/000143774926019561/0001437749-26-019561-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/744825/000143774926019561/asha20260603_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-019561
- JSON: https://secwatch.observer/filing/0001437749-26-019561.json
- Plain text: https://secwatch.observer/filing/0001437749-26-019561.txt

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