<SEC-DOCUMENT>0001144204-13-002641.txt : 20130116
<SEC-HEADER>0001144204-13-002641.hdr.sgml : 20130116
<ACCEPTANCE-DATETIME>20130116160724
ACCESSION NUMBER:		0001144204-13-002641
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20130116
ITEM INFORMATION:		Other Events
FILED AS OF DATE:		20130116
DATE AS OF CHANGE:		20130116

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMERICAN SHARED HOSPITAL SERVICES
		CENTRAL INDEX KEY:			0000744825
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-MEDICAL LABORATORIES [8071]
		IRS NUMBER:				942918118
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08789
		FILM NUMBER:		13532604

	BUSINESS ADDRESS:	
		STREET 1:		FOUR EMBARCADERO CENTER
		STREET 2:		SUITE 3700
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94111-4107
		BUSINESS PHONE:		415-788-5300

	MAIL ADDRESS:	
		STREET 1:		FOUR EMBARCADERO CENTER
		STREET 2:		SUITE 3700
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94111-4107
</SEC-HEADER>
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<TYPE>8-K
<SEQUENCE>1
<FILENAME>v332230_8k.htm
<DESCRIPTION>8-K
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
WASHINGTON, D.C. 20549</B></P>

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<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT<BR>
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934</B></P>

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    <TD COLSPAN="3" STYLE="padding-right: 0.05in; padding-left: 0.05in; text-align: center">Date of report (Date of earliest event reported):&nbsp; January 16, 2013</TD></TR>
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    <TD COLSPAN="3" STYLE="padding-right: 0.05in; padding-left: 0.05in">&nbsp;</TD></TR>
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    <TD COLSPAN="3" STYLE="padding-right: 0.05in; padding-left: 0.05in; font-size: 12pt; font-weight: bold; text-align: center">AMERICAN SHARED HOSPITAL SERVICES</TD></TR>
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    <TD COLSPAN="3" STYLE="padding-right: 0.05in; padding-left: 0.05in; text-align: center">(Exact name of registrant<BR> as specified in charter)</TD></TR>
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    <TD COLSPAN="3" STYLE="padding-right: 0.05in; padding-left: 0.05in">&nbsp;</TD></TR>
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    <TD STYLE="width: 32%; padding-right: 0.05in; padding-left: 0.05in; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 35%; padding-right: 0.05in; padding-left: 0.05in; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 33%; padding-right: 0.05in; padding-left: 0.05in; text-align: center">&nbsp;</TD></TR>
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    <TD STYLE="padding-right: 0.05in; padding-left: 0.05in; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 0.05in; padding-left: 0.05in; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 0.05in; padding-left: 0.05in; text-align: center">&nbsp;</TD></TR>
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    <TD COLSPAN="3" STYLE="padding-right: 0.05in; padding-left: 0.05in">&nbsp;</TD></TR>
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    <TD STYLE="padding-right: 0.05in; padding-left: 0.05in; font-weight: bold; text-align: center">California</TD>
    <TD STYLE="padding-right: 0.05in; padding-left: 0.05in; font-weight: bold; text-align: center">1-08789</TD>
    <TD STYLE="padding-right: 0.05in; padding-left: 0.05in; font-weight: bold; text-align: center">94-2918118</TD></TR>
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    <TD STYLE="padding-right: 0.05in; padding-left: 0.05in; text-align: center">(State or other jurisdiction of incorporation)</TD>
    <TD STYLE="padding-right: 0.05in; padding-left: 0.05in; text-align: center">(Commission File Number)</TD>
    <TD STYLE="padding-right: 0.05in; padding-left: 0.05in; text-align: center">(IRS Employer Identification No.)</TD></TR>
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    <TD COLSPAN="3" STYLE="padding-right: 0.05in; padding-bottom: 6pt; padding-left: 0.05in; text-align: center">&nbsp;</TD></TR>
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    <TD COLSPAN="3" STYLE="padding-right: 0.05in; padding-left: 0.05in; font-weight: bold; text-align: center">Four Embarcadero Center, Suite 3700, San Francisco, CA 94111</TD></TR>
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    <TD COLSPAN="3" STYLE="padding-right: 0.05in; padding-left: 0.05in; text-align: center">(Address of principal executive offices)</TD></TR>
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    <TD COLSPAN="3" STYLE="padding-right: 0.05in; padding-left: 0.05in">&nbsp;</TD></TR>
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    <TD STYLE="padding-right: 0.05in; padding-left: 0.05in; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 0.05in; padding-left: 0.05in; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 0.05in; padding-left: 0.05in; font-weight: bold; text-align: center">&nbsp;</TD></TR>
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    <TD COLSPAN="3" STYLE="padding-right: 0.05in; padding-left: 0.05in; text-align: center"><FONT STYLE="font-size: 10pt">Registrant&rsquo;s telephone number, including area code <B>415-788-5300</B></FONT></TD></TR>
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    <TD COLSPAN="3" STYLE="padding-right: 0.05in; padding-left: 0.05in">&nbsp;</TD></TR>
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    <TD COLSPAN="3" STYLE="padding-right: 0.05in; padding-left: 0.05in; font-weight: bold; text-align: center">&nbsp;</TD></TR>
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    <TD COLSPAN="3" STYLE="padding-right: 0.05in; padding-left: 0.05in; text-align: center">(Former name or former address, if changed since last report)</TD></TR>
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    <TD COLSPAN="3" STYLE="padding-right: 0.05in; padding-left: 0.05in; text-align: center">&nbsp;</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">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:</P>

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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><FONT STYLE="font-family: Wingdings">o</FONT>
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><FONT STYLE="font-family: Wingdings">o</FONT>
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><FONT STYLE="font-family: Wingdings">o</FONT>
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 9.35pt">Item 8.01 Other Events</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">The recently enacted American Taxpayer
Relief Act of 2012 included a provision that reduces Medicare&rsquo;s reimbursement for Gamma Knife services by approximately $4,000
per treatment, effective April 1, 2013. If upheld, these cuts would directly reduce revenue at AMS&rsquo; five U.S. &ldquo;retail&rdquo;
Gamma Knife sites, where we receive a percentage of the hospital&rsquo;s Medicare reimbursement. At this time, we do not know what,
if any, impact this proposed change in reimbursement might have on our remaining 11 U.S. centers, where AMS&rsquo; revenue per
procedure is contractually fixed with the hospital.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">The Company is unable to predict with any
degree of certainty the effect that this proposal, if implemented, will have on its financial results. If the Company&rsquo;s business
mix in the last 9&nbsp;months of 2013 is identical to that in 2012, revenues would be reduced by approximately $500,000 to $650,000
and pre-tax income by approximately $300,000 to $400,000 during the period. Actual results could vary materially, however, based
on many factors, including payer mix volumes, the impact, if any, from our other contracts, and mitigation efforts.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">The Company intends to vigorously research
and pursue possible actions to have this provision rescinded or modified prior to the provision&rsquo;s April 1, 2013 implementation
date.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">The information
in this report is being furnished under Item&nbsp;8.01 and shall not be deemed &ldquo;filed&rdquo; for purposes of Section&nbsp;18
of the Securities Exchange Act of 1934, as amended, (the &ldquo;Exchange Act&rdquo;) or incorporated by reference in any filing
under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference
in such a filing. By furnishing this Current Report on Form 8-K, the Company makes no admission about the materiality of the information
contained herein.</FONT> <FONT STYLE="font-size: 10pt">This is summary information that is intended to be considered in the context
of our SEC filings and other public announcements that we may make, by press release or otherwise, from time to time. We disclaim
any current intention to revise or update the information contained in this report, although we may do so from time to time as
our management believes is warranted. Any such updating may be made through the filing of other documents or reports with the SEC,
through press releases or through other public disclosures.</FONT></P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SIGNATURES</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">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.</P>

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    <TD COLSPAN="2" STYLE="padding-right: 2.9pt; padding-bottom: 20pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-bottom: 20pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 2.9pt; padding-bottom: 20pt; padding-left: 2.9pt; font-weight: bold">American Shared Hospital Services</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">Date:</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt">January 16, 2013</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">By:</TD>
    <TD COLSPAN="2" STYLE="border-bottom: windowtext 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt">/s/ Ernest A. Bates, M.D.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 6%; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="width: 25%; padding-right: 5.75pt">&nbsp;</TD>
    <TD STYLE="width: 25%; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="width: 4%; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="width: 7%; padding-right: 5.75pt">Name:</TD>
    <TD STYLE="width: 33%; padding-right: 2.9pt; padding-left: 2.9pt">Ernest A. Bates, M.D.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt">Title:</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">Chairman and CEO</TD></TR>
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