UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K
CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of report (Date of earliest event reported): September 16, 2020
AMERICAN SHARED HOSPITAL SERVICES
(Exact name of registrant as specified in charter)
California1-0878994-2918118
(State or other jurisdiction of incorporation)(Commission File Number)(IRS Employer Identification No.)
Two Embarcadero Center, Suite 410
San Francisco, CA
94111
(Address of principal executive offices)(Zip Code)
Registrant’s telephone number, including area code 415-788-5300
(Former name or former address, if changed since last report)



Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
American Shared Hospital Services Common Stock, No Par ValueAMSNYSE AMERICAN
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company [ ]

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]


Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

American Shared Hospital Services (the “Company”) today announced, effective October 1, 2020, the appointment of Raymond C. Stachowiak as the Company’s Chief Executive Officer. Mr. Stachowiak has served as the Company’s interim President and Chief Executive Officer since May 2020.

Mr. Stachowiak’s full biography is included in the Company’s definitive Proxy Statement on Schedule 14A for the Annual Meeting of Shareholders held on June 26, 2020 filed by the Company with the Securities and Exchange Commission on April 29, 2020 and incorporated by reference herein.

Mr. Stachowiak is not currently engaged, and has not been engaged during the last fiscal year, in any related person transaction with the Company within the meaning of Item 404(a) of Regulation S-K.




The Company also announced that the following realignment of management duties are effective October 1, 2020. Craig K. Tagawa will assume the title of President, in addition to his current duties as Chief Operating and Financial Officer and Assistant Secretary. Ernest R. Bates will be promoted to Senior Vice President and will lead International Operations in addition to his current Sales and Business Development duties. Alexis Wallace, currently the Company’s Controller will become its Chief Accounting Officer.

Mr. Tagawa, Mr. Bates and Ms. Wallace are not currently engaged, and have not been engaged during the last fiscal year, in any related person transaction with the Company within the meaning of Item 404(a) of Regulation S-K.

Full biographies of Mr. Tagawa and Mr. Bates are included in the Company’s Annual Report on Form 10-K filed by the Company with the Securities and Exchange Commission on April 4, 2020 and incorporated by reference herein.

Item 8.01 Other Events.

On September 16, 2020, the Company issued a press release announcing the appointment of Mr. Stachowiak as the Company’s Chief Executive Officer, as well as a realignment of current management duties for Mr. Tagawa, Mr. Bates and Ms. Wallace. The full text of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(a) Exhibits.

Exhibit 99.1 Press Release, dated September 16, 2020

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
American Shared Hospital Services
Date:September 16, 2020By:/s/ Raymond C. Stachowiak
Name:Raymond C. Stachowiak
Title:
Interim President and CEO





Document
Exhibit-99.1
American Shared Hospital Services Announces Appointment of Raymond C. Stachowiak as CEO and Other Management Realignments
Stachowiak, Board Director since 2009, has been serving as Interim President and CEO
SAN FRANCISCO, CA, September 16, 2020 -- American Shared Hospital Services (NYSE American: AMS) (the "Company"), a leading provider of turnkey technology solutions for advanced radiosurgical and radiation therapy services, today announced that the Board of Directors has appointed Raymond C. Stachowiak as the Company’s Chief Executive Officer, effective October 1, 2020. Mr. Stachowiak previously served as the Company’s interim President and Chief Executive Officer and has been a member of the Board of Directors since 2009.
The Board of Directors also announced the following realignment of management duties, effective October 1, 2020. 
•Craig K. Tagawa will assume the title of President, in addition to his current positions as Chief Operating and Financial Officer and Assistant Secretary. 
•Ernest R. Bates will be promoted to Senior Vice President and will lead International Operations in addition to his current Sales and Business Development duties. 
•Alexis Wallace, currently the Company’s Controller, will become Chief Accounting Officer.
Ernest A. Bates, M.D., founder and Executive Chairman of the Board of Directors, commented, “On behalf of the Board of Directors we welcome Ray as the Company’s CEO and look forward to his further contributions in this important role. Having worked alongside Ray on the Board since 2009, the Directors are confident in his abilities to expand AMS’ opportunities and future growth. We believe that he has a great team in place to assist in executing his strategic plan, and the team’s new titles and responsibilities reflect that.”

About American Shared Hospital Services (NYSE American: AMS)
American Shared Hospital Services provides turnkey technology solutions for advanced radiosurgical and radiation therapy services. AMS is a world leader in providing Gamma Knife radiosurgery equipment, a non-invasive treatment for malignant and benign brain tumors, vascular malformations, and trigeminal neuralgia (facial pain). The Company also offers proton therapy, and the latest IGRT, IMRT and MR/LINAC systems. For more information, please visit: www.ashs.com.


Safe Harbor Statement
This press release may be deemed to contain certain forward-looking statements with respect to the financial condition, results of operations and future plans of American Shared Hospital Services (including statements regarding the expected continued growth of the Company and the expansion of the Company’s Gamma Knife, proton therapy and MR/LINAC business, which involve risks and uncertainties including, but not limited to, the risks of economic and market conditions, the risks of variability of financial results between quarters, the risks of the Gamma Knife and proton therapy businesses, the risks of developing The Operating Room for the 21st Century program, the risks of changes to CMS reimbursement rates or reimbursement methodology, the risks of the timing, financing, and operations of the Company’s Gamma Knife, proton therapy, and MR/LINAC businesses, the risks of the COVID-19 pandemic and its effect on the Company’s business operations and financial condition, the risk of expanding within or into new markets, the risk that the integration or continued operation of acquired businesses could adversely affect financial results and the risk that current and future acquisitions may negatively affect the Company’s financial position. Further information on potential factors that could affect the financial condition, results of operations and future plans of American Shared Hospital Services is included in the filings of the Company with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the year ended December 31, 2019, its Quarterly Reports on Form 10-Q for the three months ended March 31, 2020 and June 30, 2020, and the definitive Proxy Statement for the Annual Meeting of Shareholders that was held on June 26, 2020.
Contacts:
American Shared Hospital Services
Ray Stachowiak
Interim Chief Executive Officer and President
rstachowiak@ashs.com

Investor Relations
PCG Advisory
Stephanie Prince
P: (646) 762-4518
sprince@pcgadvisory.com