AMERICAN SHARED HOSPITAL SERVICES — fact timeline

AMERICAN SHARED HOSPITAL SERVICES reported first quarter ended March 31, 2026 results: revenue $7.1 million, net income $(0.6) million.

“and advanced radiation therapy cancer treatment services, today announced financial results for the first quarter ended March 31, 2026. Key Financial Highlights ● Total revenue: $7.1 million, compared with $6.1 million in the first quarter of 2025, an increase of 15.9% ● Gross margin: Increased 36.7% to $1.3 million, or 18.2%, compared with $0.9 million, or 15.4%, in”

AMERICAN SHARED HOSPITAL SERVICES reported financial results for the fourth quarter ended December 31, 2025.

“On March 31, 2026, American Shared Hospital Services (the “Company”) issued a press release announcing its financial results for the fourth quarter and year-end 2025.”

AMERICAN SHARED HOSPITAL SERVICES amended Amendment Two to Proton Beam Radiation Therapy Lease Agreement with Orlando Health, Inc. (effective 2026-03-13).

“On March 13, 2026, the Company and Orlando Health entered into Amendment Two to Proton Beam Radiation Therapy Lease Agreement (the “Amendment”).”

AMERICAN SHARED HOSPITAL SERVICES reported that prior financial statements should not be relied upon.

“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.”

AMERICAN SHARED HOSPITAL SERVICES engaged Baker Tilly US, LLP as its auditor.

“the Audit Committee of the Company’s Board of Directors (the “Audit Committee”) approved the appointment of Baker Tilly, as the successor to Moss Adams, as the Company’s independent registered public accounting firm.”

Moss Adams LLP resigned as auditor of AMERICAN SHARED HOSPITAL SERVICES.

“Moss Adams has resigned as the auditors of the Company and the Audit Committee of the Company’s Board of Directors (the “Audit Committee”) approved the appointment of Baker Tilly, as the successor to Moss Adams, as the Company’s independent registered public accounting firm.”

Raymond Stachowiak changed role as Chief Executive Officer at AMERICAN SHARED HOSPITAL SERVICES.

“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.”

Gary Delanois was appointed as Chief Executive Officer at AMERICAN SHARED HOSPITAL SERVICES.

“On April 3, 2025, the Company appointed Gary Delanois to serve as the Company’s Chief Executive Officer.”

Gary Delanois was appointed as Executive Vice President and Chief Operating Officer at AMERICAN SHARED HOSPITAL SERVICES.

“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.”

AMERICAN SHARED HOSPITAL SERVICES reported first quarter ended March 31, 2024 results: revenue $5.2 million, EPS $0.02 per share.

“The first quarter marks a good start to the year, with revenue growth of 5.9% to $5.2 million, and gross margin of $2.1 million, a 12.3% increase from the comparable period, reflecting continued efficiencies and operating leverage from the sales increase. The gross margin percentage reached 41.1%, which is in line with our historical average and for the first quarter we earned $0.02 per share.”

AMERICAN SHARED HOSPITAL SERVICES completed an acquisition involving GenesisCare USA, Inc. for $2,850,000 payable in cash (closed 2024-05-07).

“Report on Form 8-K filed with the SEC on November 16, 2023, and in subsequent reports filed by the Company with the SEC. The purchase price for the Transaction consisted of $2,850,000 payable in cash. The $285,000 earnest payment deposit previously deposited with a third party escrow agent by the Company was applied to the purchase price at closing. Pursuant”

AMERICAN SHARED HOSPITAL SERVICES amended Fourth Amendment to Investment Agreement with GenesisCare USA, Inc. (effective 2024-05-07).

“On May 7, 2024, American Shared Hospital Services (the “Company”) entered into a Fourth Amendment to Investment Agreement (the “Fourth Amendment”) with GenesisCare USA, Inc. (the “Seller”) and GenesisCare USA Holdings, Inc. (“Holdings”), amending that certain Investment Purchase Agreement dated November 10, 2023 by and among the Company, Seller and Holdings (the “IPA”).”

Craig Tagawa was appointed as Chief Operating Officer at AMERICAN SHARED HOSPITAL SERVICES.

“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 was appointed as Chief Executive Officer at AMERICAN SHARED HOSPITAL SERVICES.

“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.”

Peter Gaccione departed as Chief Executive Officer at AMERICAN SHARED HOSPITAL SERVICES.

“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,”

AMERICAN SHARED HOSPITAL SERVICES reported the fourth quarter ended December 31, 2023 results: revenue $5,698,000, EPS $0.06 per share.

“SAN FRANCISCO, CA, March 27, 2024 ‒ American Shared Hospital Services (NYSE American: AMS) (the "Company"), a leading provider of turnkey technology solutions for stereotactic radiosurgery and advanced radiation therapy cancer treatment systems and services, today announced financial results for the fourth quarter ended December 31, 2023. Fourth Quarter 2023 Highlights ● Total revenue in the fourth quarter was $5,698,000, an increase of 13.1% from the comparable period in 2022. Total proton therapy revenue increased 36.0% period-over-period; fractions increased 30.0%. Gamma Knife revenue decreased 5.3% period-over-period; procedures decreased 15.8% due to the expiration of two customer agreements and downtime at two sites for the installation of upgraded equipment. ● Gross margin was $2,816,000, a period-over-period increase of 24.1%. The gross margin percentage was 49.4% of revenue. ● Operating income for the fourth quarter of 2023 was $407,000 compared to operating income of $590,000”

AMERICAN SHARED HOSPITAL SERVICES amended credit facility with Fifth Third Bank, National Association at SOFR plus 3.00%.

“The First Amendment also replaces the LIBOR-based rates in the Credit Agreement with SOFR-based rates.”

AMERICAN SHARED HOSPITAL SERVICES incurred term loan of $2.7 million with Fifth Third Bank, National Association at SOFR plus 3.00% maturing 2024-01-25 to 2030-01-25.

“The First Amendment added a new term loan in the aggregate principal amount of $2.7 million (the”

AMERICAN SHARED HOSPITAL SERVICES amended First Amendment to Credit Agreement with Fifth Third Bank, National Association valued at $2.7 million (effective 2024-01-25).

“On January 25, 2024 (the “First Amendment Effective Date”), American Shared Hospital Services (the “Company”), along with certain of its domestic subsidiaries, entered into a First Amendment to Credit Agreement (the “First Amendment”) with Fifth Third Bank, National Association (the “Lender”), amending that certain Credit Agreement dated April 9, 2021 by and among the Company, certain of its domestic subsidiaries and the Lender (the “Credit Agreement”). The First Amendment added a new term loan in the aggregate principal amount of $2.7 million (the “Supplemental Term Loan”).”

AMERICAN SHARED HOSPITAL SERVICES entered into Investment Purchase Agreement with GenesisCare USA, Inc. and GenesisCare USA Holdings, Inc. valued at $2,850,000 (effective 2023-11-10).

“On November 10, 2023, American Shared Hospital Services (the “Company”) entered into an Investment Purchase Agreement (the “IPA”) with GenesisCare USA, Inc. (the “Seller”) and GenesisCare USA Holdings, Inc. (“Topco”), pursuant to which Seller agreed to sell to the Company its entire equity interest in each of Southern New England Regional Cancer Center, LLC and Roger Williams Radiation Therapy, LLC, (collectively, the “Target Companies”) together with the assignment of certain payor contacts for a purchase price of $2,850,000.”

AMERICAN SHARED HOSPITAL SERVICES reported the third quarter ended September 30, 2023 results: revenue $5,134,000, net income $118,000, EPS $0.02 per diluted share.

“systems and services, today announced financial results for the third quarter ended September 30, 2023. Third Quarter 2023 Highlights ● Total revenue in the third quarter was $5,134,000, an increase of 6.3% from the comparable period in 2022. Total proton therapy revenue decreased 5.9% period-over-period; fractions decreased 12.8%. Gamma Knife revenue increased”

AMERICAN SHARED HOSPITAL SERVICES reported second quarter ended June 30, 2023 results: revenue $5,568,000.

“systems and services, today announced financial results for the second quarter ended June 30, 2023. Second Quarter 2023 Highlights ● Total revenue in the second quarter was $5,568,000, an increase of 10.6% from the comparable period in 2022. Total proton therapy revenue increased 10.3% period-over-period; fractions increased 3.5%. Gamma Knife revenue increased”

AMERICAN SHARED HOSPITAL SERVICES shareholders approved Ratification of Independent Registered Public Accounting Firm at the 2023-06-20 meeting.

“Proposal Three: Ratification of Independent Registered Public Accounting Firm. There were 4,866,652 votes for, 32,067 votes against, 657 votes abstained, and 0 broker non-votes.”

AMERICAN SHARED HOSPITAL SERVICES shareholders approved Advisory Vote on the Company's Executive Compensation at the 2023-06-20 meeting.

“Proposal Two: Advisory Vote on the Company ’ s Executive Compensation. There were 3,377,673 votes for, 220,782 votes against, 147,724 votes abstained, and 1,153,197 broker non-votes.”

AMERICAN SHARED HOSPITAL SERVICES shareholders approved Election of Directors at the 2023-06-20 meeting.

“Proposal One: Election of Directors: Nominee For Withheld No Vote Ernest A. Bates, M.D. 3,504,214 241,965 1,153,197 Daniel G. Kelly, Jr. 3,632,452 113,727 1,153,197 Kathleen Miles 3,552,644 193,535 1,153,197 Raymond C. Stachowiak 3,632,400 113,779 1,153,197 Vicki L. Wilson 3,552,624 193,555 1,153,197 All five individuals were elected to serve on the Board of Directors until the next annual meeting of shareholders.”

AMERICAN SHARED HOSPITAL SERVICES reported first quarter ended March 31, 2023 results: revenue $4,925,000, net income $188,000, EPS $0.03 per diluted share.

“First Quarter 2023 Highlights ● Total revenue in the first quarter was $4,925,000, an increase of 1.6% from the comparable period in 2022. Total proton therapy revenue increased 13.5% period-over-period; fractions decreased 5.7%. ● Gross margin was $1,908,000, a period-over-period decrease of 7.7%. The gross margin percentage was 38.7% of revenue. ● Operating income for the first quarter of 2023 was $98,000 compared to operating income of $600,000 in the first quarter of 2022, a decrease of 83.7%. ● Net income attributable to American Shared Hospital Services in the first quarter was $188,000, or $0.03 per diluted share, compared to net income of $269,000, or $0.04 per diluted share, for the same period in the prior year.”

Craig Tagawa changed role as President at AMERICAN SHARED HOSPITAL SERVICES.

“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.”

Robert Hiatt was appointed as Chief Financial Officer at AMERICAN SHARED HOSPITAL SERVICES.

“On April 12, 2023, American Shared Hospital Services (the “Company”) appointed Robert Hiatt as its Chief Financial Officer, effective April 17, 2023.”

AMERICAN SHARED HOSPITAL SERVICES reported the twelve months ended December 31, 2022 results: revenue $19,746,000, net income $1,328,000, EPS $0.21 per diluted share.

“For the twelve months ended December 31, 2022, revenue increased 12.0% to $19,746,000 compared to 2021.”

AMERICAN SHARED HOSPITAL SERVICES reported the fourth quarter ended December 31, 2022 results: revenue $5,037,000, net income $246,000, EPS $0.04 per diluted share.

“announced financial results for the fourth quarter and twelve months ended December 31, 2022. Fourth Quarter 2022 Financial Highlights ● Total revenue in the fourth quarter was $5,037,000, an increase of 7.4% from the comparable period in 2021. Total proton therapy revenue increased 33.4% period-over-period; fractions decreased 11.9%. Gamma Knife revenue and volumes”

Peter Gaccione was appointed as Chief Executive Officer at AMERICAN SHARED HOSPITAL SERVICES.

“Peter Gaccione, who previously served as the Chief Operating Officer of the Company, was appointed as the Company’s Chief Executive Officer.”

Raymond Stachowiak was appointed as Executive Chairman at AMERICAN SHARED HOSPITAL SERVICES.

“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.”

AMERICAN SHARED HOSPITAL SERVICES reported third quarter and nine months of fiscal 2022, ended September 30, 2022 results: revenue $4,828,000, net income $316,000, or $0.05 per diluted share, EPS $0.05 per diluted share.

“results for the third quarter and nine months of fiscal 2022, ended September 30, 2022. Third Quarter 2022 Financial Highlights ● Total revenue in the third quarter was $4,828,000, an increase of 17.8% from the comparable period in 2021. Total proton therapy revenue and fractions increased 82.4% and 40.1%, respectively, period-over-period. Gamma Knife”

Craig Tagawa changed role as Chief Operating Officer at AMERICAN SHARED HOSPITAL SERVICES.

“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.”

Peter Gaccione was appointed as Chief Operating Officer at AMERICAN SHARED HOSPITAL SERVICES.

“On August 26, 2022, American Shared Hospital Services (the “Company”) appointed Peter Gaccione as its Chief Operating Officer, effective September 7, 2022.”

Ernest R. Bates changed role as Vice President of International Sales and Marketing at AMERICAN SHARED HOSPITAL SERVICES.

“Ernest R. Bates, who previously served as Senior Vice President of Sales and Business Development, International Operations of American Shared Hospital Services (the “Company”), was transitioned to Vice President of International Sales and Marketing.”

Saim Mert Ozyurek resigned as Director at AMERICAN SHARED HOSPITAL SERVICES.

“On March 22, 2022, Saim Mert Ozyurek resigned from the Board, effective March 22, 2022. The resignation of Mr. Ozyurek was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.”

Ernest A. Bates was appointed as Director at AMERICAN SHARED HOSPITAL SERVICES.

“On March 22, 2022, Ernest A. Bates, M.D was appointed as a member of the Board of Directors (the “Board”) of the Company, effective March 22, 2022.”

David L. Larson resigned as Director at AMERICAN SHARED HOSPITAL SERVICES.

“On December 28, 2021, Ernest A. Bates, M.D. and David L. Larson, M.D. resigned from the Board, effective December 28, 2021.”

Ernest A. Bates resigned as Director at AMERICAN SHARED HOSPITAL SERVICES.

“On December 28, 2021, Ernest A. Bates, M.D. and David L. Larson, M.D. resigned from the Board, effective December 28, 2021.”

Sandra A. J. Lawrence resigned as Director at AMERICAN SHARED HOSPITAL SERVICES.

“On December 24, 2021, Sandra A. J. Lawrence, resigned from the Board, effective December 24, 2021.”

Vicki L. Wilson was appointed as Director at AMERICAN SHARED HOSPITAL SERVICES.

“On December 28, 2021, Kathleen Miles and Vicki L. Wilson were appointed as members of the Board of Directors (the “Board”) of American Shared Hospital Services (the “Company”), effective December 28, 2021.”

Kathleen Miles was appointed as Director at AMERICAN SHARED HOSPITAL SERVICES.

“On December 28, 2021, Kathleen Miles and Vicki L. Wilson were appointed as members of the Board of Directors (the “Board”) of American Shared Hospital Services (the “Company”), effective December 28, 2021.”