Highest-materiality recent filing
CFO Raymond Frech resigns; CAO Alexis Tirrito named interim CFO
Raymond S. Frech resigned as CFO effective July 7, 2026, for personal reasons; no disagreement with the Company.
All four director nominees (Kelly, Miles, Stachowiak, Wilson) elected with majority votes.
Lender asserted Events of Default including failure to maintain $5M minimum cash as of Sep 30, 2025.
American Shared Hospital Q1 revenue up 15.9% to $7.1M; adjusted EBITDA +18.4%
Direct patient services revenue rose 30.2% to $4.1M; leasing flat at $3.0M.
CEO Gary Delanois resigns; President Craig Tagawa named interim CEO effective April 27
Gary Delanois resigned as CEO for personal reasons effective April 24, 2026.
AMS reports FY2025 net loss $1.6M; extends Orlando Health proton lease through 2033
Total revenue $28.1M, down 0.9% YoY; net loss $1.6M vs net income $2.2M in 2024.
Lease term extended from April 6, 2026 to April 5, 2033 for Mevion S250 proton therapy system.
American Shared Hospital Services will restate Q3 2025 10-Q due to debt classification error
Audit committee concluded unaudited Sept 30, 2025 balance sheet misclassified $8.6M in debt as long-term; should be current liabilities.
American Shared receives default notice from Fifth Third Bank; revolver suspended
Fifth Third Bank asserts Event of Default for missing $5M minimum cash covenant at Sept 30, 2025.
American Shared Hospital Q3 revenue up 2.5% to $7.2M; net loss narrows 91.8% to $17K
Q3 revenue $7.2M (+2.5% YoY); direct patient services revenue $4.0M (+9.4%)
AMS Q2 2025 net loss of $280K vs net income $3.6M; revenue flat YoY
Revenue $7.07M, up 0.2% YoY; sequentially up 16% from Q1 2025.
CEO Gary Delanois gets $425K base salary, up from $325K; bonus eligible up to 50%
Gary Delanois' annual base salary increased to $425,000 effective July 2, 2025, from prior $325,000.
Shareholders re-elect all four directors and approve executive compensation at annual meeting
Directors Daniel G. Kelly Jr., Kathleen Miles, Raymond C. Stachowiak, Vicki L. Wilson elected with 4.08M-4.21M votes each.
Auditor Moss Adams merges into Baker Tilly; Baker Tilly appointed as successor independent auditor
Moss Adams merged into Baker Tilly effective June 3, 2025; Audit Committee appointed Baker Tilly as new auditor.
AMS Q1 revenue up 17% to $6.1M; net loss $0.10/share vs $0.02 profit
First-quarter revenue $6.1M vs $5.2M YoY (+17%); net loss $625K ($0.10/shr) vs net income $119K ($0.02).
American Shared Hospital Services FY2024 revenue +32.9%, net income +258.4%; appoints new CEO
FY 2024 revenue $28.34M (+32.9% YoY); net income $2.186M (+258.4% YoY)
AMS CFO resigns; new CFO appointed; receives CON for RI proton beam facility
CFO Robert Hiatt resigned Dec 19, 2024; R. Scott Frech named successor effective immediately.
AMS Q3 revenue up 36% to $7.0M but net loss widens to $207K on lower Gamma Knife volumes
Total revenue $6,999K, up 36.3% YoY; retail segment $3,687K (+273%) from RI acquisition and Puebla facility.
American Shared Hospital appoints Gary Delanois as COO, promotes Ranjit Pradhan to SVP Sales
Gary Delanois appointed EVP and COO effective Oct 14, 2024; replaces Craig Tagawa who remains President.
AMS Q2 net income $3.6M ($0.55/diluted) vs $111k loss; revenue up 27%
Revenue $7.1M (+27% YoY); net income $3.6M vs loss $111k; includes $3.7M bargain purchase gain from RI acquisition.
AMS non-compliant with SEC rules for acquired entities' financials due to bankruptcy data issues
Acquired 60% of Southern New England Regional Cancer Center and Roger Williams Radiation Therapy from GenesisCare in May 2024.
Four director nominees elected: Daniel G. Kelly Jr., Kathleen Miles, Raymond C. Stachowiak, Vicki L. Wilson; all received majority votes.
AMS reports Q1 revenue up 5.9% to $5.2M; record backlog $210M after acquisition
Record projected revenue backlog of $210M more than doubled vs Dec 31, 2023 after acquiring 60% of three Rhode Island Radiation Therapy Cancer Centers in May 2024.
AMS closes $2.85M acquisition of 60% stake in three RI cancer centers; adds $9-10M annual revenue
Acquired 60% equity in Southern New England Regional Cancer Center and Roger Williams Radiation Therapy from GenesisCare USA bankruptcy estate.
CEO Peter Gaccione dies; Executive Chairman Ray Stachowiak named CEO
CEO Peter Gaccione passed away on April 16, 2024; company announced on April 12.
AMS Q4 2023 revenue up 13% to $5.7M; net income $0.06 vs $0.04; acquisition progress
Q4 revenue $5.698M (+13.1% YoY); gross margin 49.4%; adjusted EBITDA $2.679M vs $2.161M.
American Shared Hospital Services founder Ernest A. Bates dies at 87
Dr. Bates passed away on March 19, 2024, at age 87; he founded the Company in 1977.
American Shared Hospital Services enters $2.7M term loan amendment with Fifth Third Bank
Added Supplemental Term Loan of $2.7M for capital expenditures related to Puebla, Mexico operations.
AMS agrees to buy 60% of three RI radiation therapy centers for $2.85M from GenesisCare
Purchase price $2.85M for 60% majority equity interest in three cancer centers.
AMS agrees to acquire 60% stake in two RI cancer centers for $2.85M from bankrupt GenesisCare
Purchase price of $2.85M for 60% equity in Southern New England Regional Cancer Center and Roger Williams Radiation Therapy.
American Shared Hospital Services Q3 revenue up 6.3% to $5.1M; net income falls to $0.02/sh
Revenue $5.134M (+6.3% YoY); gross margin 40.9% vs 40.5%.
Net loss of $111,000 ($0.02 diluted EPS) vs net income of $497,000 ($0.08) in Q2 2022.
Quorum of 78.86% of outstanding shares (4,899,376 votes) present at June 20, 2023 meeting.
AMS reports Q1 net income of $188K ($0.03 EPS), down 30% YoY; revenue +1.6%
Total revenue $4.925M (+1.6% YoY); gross margin fell to 38.7% from 42.6%.
American Shared Hospital Services appoints Robert Hiatt as CFO effective April 17, 2023
Hiatt previously CFO of AmeriCash Loans (2007-2022); also held CFO roles at United Financial Mortgage and Novamed.
Peter Gaccione's annual base salary increased by $50,000 effective March 1, 2023, and he received an option to purchase 50,000 shares at March 28 closing price, vesting over 5 years.
AMS Q4 revenue $5.04M (+7.4% YoY); FY2022 net income jumps sixfold to $1.33M or $0.21 per share
Q4 revenue $5.037M (+7.4% YoY); net income $0.246M ($0.04 diluted EPS) vs $0.219M ($0.04) in Q4 2021.
AMS realigns management: Stachowiak to Executive Chairman, Gaccione CEO; $1.3M order booked
Raymond Stachowiak becomes Executive Chairman; Peter Gaccione appointed CEO, effective March 7, 2023.
American Shared Hospital Services Q3 revenue up 18% to $4.8M; net income $0.05 per share vs $0.01
Revenue $4.828M (+17.8% YoY); net income $316K ($0.05 diluted EPS) vs $33K ($0.01) prior year.
American Shared Hospital Services names Peter Gaccione as COO, effective Sept 7
Peter Gaccione appointed COO; replaces Craig Tagawa, who remains President and CFO.
AMS Q2 2022 revenue up 12.5% to $5.03M; net income $0.08/sh vs ($0.01) loss
Revenue $5.034M (+12.5% YoY); net income $497k ($0.08/sh) vs net loss of $87k in Q2 2021.
Ernest A. Bates, M.D. re-elected with 3,216,088 votes for, 174,560 withheld; broker non-votes 1,341,605.
AMS Q1 2022: revenue $4.85M, net income $269K ($0.04/share) vs $29K ($0.00) YoY
Total revenue $4.85M, up 11.1% YoY; PBRT revenue up 33.2% to $2.04M; same-center Gamma Knife revenue up 7.2%.
AMS hires Tim Keel as VP Sales & Marketing; Bates moved to Intl Sales VP
Timothy J. Keel hired as VP of Sales & Marketing, effective May 3, 2022.
AMS reports Q4 net income $0.04/diluted share vs loss; founder Bates returns to board
Q4 revenue $4.689M (+1.8% YoY); operating income $723K vs loss $8.543M YoY (includes impairments).
AMS reports preliminary Q4 revenue ~$4.7M, full year ~$17.7M, cash >$8M
Preliminary Q4 2021 revenue ~$4.7M, highest quarter of 2021 and roughly even with Q4 2020.
AMS elects two new directors, founder resigns as CEO gets RSU grant
New directors Kathleen Miles and Vicki L. Wilson appointed Dec 28, 2021; Wilson to chair Audit Committee.
Revenue $4.1M (-12.2% YoY); Gamma Knife revenue $2.8M (-5.9%), Proton therapy $1.3M (-23.4%).
Total revenue $4.476M (+12.2% YoY); operating income $352K vs loss ($570K) in Q2 2020.
Stockholders approved amendment to Incentive Compensation Plan, increasing authorized shares by 950,000 to 2,580,000 total.
On April 3, 2025, the Company appointed Gary Delanois to serve as the Company’s Chief Executive Officer.
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.
On October 8, 2024, American Shared Hospital Services (the “Company”) approved the appointment of Mr. Gary Delanois as an Executive Vice President and Chief Operating Officer of the Company, effective October 14, 2024.
Craig Tagawa, who has served as the President and Assistant Secretary of the Company since October 1, 2020, was appointed as the Company’s Chief Operating Officer in addition to continuing to serve as the Company’s President and Assistant Secretary.
Raymond Stachowiak, who has served as the Executive Chairman of the Board since March 7, 2023, was appointed as Chief Executive Officer in addition to continuing to serve as the Company’s Executive Chairman of the Board.
After the recent passing of Peter Gaccione, who served as the Chief Executive Officer of American Shared Hospital Services (the “ Company ”), on April 16, 2024,
On April 12, 2023, American Shared Hospital Services (the “Company”) appointed Robert Hiatt as its Chief Financial Officer, effective April 17, 2023.
As previously disclosed, in connection with the commencement of Mr. Hiatt’s employment, effective April 17, 2023, Craig Tagawa will continue to serve as the Company’s President and Assistant Secretary, but will no longer serve as the Company’s Chief Financial Officer, principal financial officer or principal accounting officer.
Peter Gaccione, who previously served as the Chief Operating Officer of the Company, was appointed as the Company’s Chief Executive Officer.
Pursuant to the reorganization, Raymond Stachowiak, who previously served as the Chief Executive Officer of the Company, was appointed as Executive Chairman of the Board.
On August 26, 2022, American Shared Hospital Services (the “Company”) appointed Peter Gaccione as its Chief Operating Officer, effective September 7, 2022.
In connection with the commencement of Mr. Gaccione’s employment, effective September 7, 2022, Craig Tagawa will continue to serve as the Company’s President, Chief Financial Officer and Assistant Secretary and the Company’s Principal Accounting Officer, but will no longer serve as the Company’s Chief Operating Officer.
Max materiality 0.90 · Median 0.65 · Most common event earnings