CFO Raymond Frech resigns; CAO Alexis Tirrito named interim CFO

AMERICAN SHARED HOSPITAL SERVICES

Raymond S. Frech resigned as CFO effective July 7, 2026, for personal reasons; no disagreement with the Company.
Alexis N. Tirrito (Wallace), CAO and Secretary, appointed interim CFO and principal financial/accounting officer.
Tirrito's base salary set at $240,000 with a 20% target bonus under the variable compensation plan.
Tirrito has been with the Company since 2013, serving as Controller from 2014 to 2021 before becoming CAO.
Frech and the Company entered a severance agreement with customary general releases and waivers.

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