<SEC-DOCUMENT>0000950103-19-008446.txt : 20190626
<SEC-HEADER>0000950103-19-008446.hdr.sgml : 20190626
<ACCEPTANCE-DATETIME>20190626163955
ACCESSION NUMBER:		0000950103-19-008446
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20190621
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Submission of Matters to a Vote of Security Holders
FILED AS OF DATE:		20190626
DATE AS OF CHANGE:		20190626

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:		19922129

	BUSINESS ADDRESS:	
		STREET 1:		2 EMBARCADERO CENTER
		STREET 2:		SUITE 410
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94111
		BUSINESS PHONE:		415-788-5300

	MAIL ADDRESS:	
		STREET 1:		2 EMBARCADERO CENTER
		STREET 2:		SUITE 410
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94111
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>dp108841_8k.htm
<DESCRIPTION>FORM 8-K
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<P STYLE="font: 14pt 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>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 14pt 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>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of report (Date of earliest event reported):
June 21, 2019</P>

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

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>AMERICAN SHARED HOSPITAL SERVICES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact name of registrant<BR>
as specified in charter)</P>

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    <TD STYLE="width: 33%; text-align: center"><B>California</B></TD>
    <TD STYLE="width: 34%; text-align: center"><B>1-08789</B></TD>
    <TD STYLE="width: 33%; text-align: center"><B>94-2918118</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(State or other jurisdiction of incorporation)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(Commission File Number)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(IRS Employer Identification No.)</FONT></TD></TR>
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    <TD STYLE="width: 100%; text-align: center">&nbsp;</TD></TR>
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    <TD STYLE="width: 100%; font-size: 10pt; text-align: center"><B>Two Embarcadero Center, Suite 410, San Francisco, CA 94111</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">(Address of principal executive offices)</FONT></TD></TR>
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    <TD STYLE="width: 32%; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 35%; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 33%; text-align: center">&nbsp;</TD></TR>
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    <TD STYLE="width: 100%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Registrant&rsquo;s telephone number, including area code <B>415-788-5300</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
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    <TD STYLE="width: 100%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">(Former name or former address, if changed since last report)</FONT></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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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&#111;</FONT></TD><TD>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</TD></TR></TABLE>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&#111;</FONT></TD><TD>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD></TR></TABLE>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&#111;</FONT></TD><TD>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&#111;</FONT></TD><TD>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

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<P STYLE="font-size: 10pt; text-align: left; text-indent: 0; margin-top: 0pt; margin-bottom: 0pt">Securities registered pursuant to Section 12(b) of the Act:</P>

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    <TD STYLE="font-size: 10pt; text-align: center; margin-top: 6pt; margin-bottom: 6pt; width: 33%; border-bottom: Black 1pt solid; padding-right: 2pt; padding-left: 2pt"><B>Title
    of each class</B></TD>
    <TD STYLE="font-size: 10pt; text-align: center; margin-top: 6pt; margin-bottom: 6pt; width: 34%; border-bottom: Black 1pt solid; padding-right: 2pt; padding-left: 2pt"><B>Trading
    Symbol(s)</B></TD>
    <TD STYLE="font-size: 10pt; text-align: center; margin-top: 6pt; margin-bottom: 6pt; width: 33%; border-bottom: Black 1pt solid; padding-right: 2pt; padding-left: 2pt"><B>Name
    of each exchange on which registered</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: center; padding-right: 2pt; padding-left: 2pt">American Shared Hospital Services Common Stock, No Par Value</TD>
    <TD STYLE="font-size: 10pt; text-align: center; padding-right: 2pt; padding-left: 2pt">AMS</TD>
    <TD STYLE="font-size: 10pt; text-align: center; padding-right: 2pt; padding-left: 2pt">NYSE AMERICAN</TD></TR>
</TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #231F20">&sect;</FONT>230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #231F20">&sect;</FONT>240.12b-2
of this chapter).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Emerging growth company <FONT STYLE="font-family: Wingdings">&uml;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">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. <FONT STYLE="font-family: Wingdings">&uml;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 5.02. Departure of Certain Directors or Officers; Election
of Officers; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">As further described below in Item 5.07, on June 21, 2019, at
the Meeting (as defined below), the stockholders of the Company approved an amendment and restatement of the Company's Incentive
Compensation Plan (as so amended and restated, the &quot;Plan&quot;) that extended the term of the Plan by two years from February
22, 2020 to February 22, 2022.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">For a description of the terms and conditions of the Plan, please
refer to &quot;Proposal No. 4: Approval of the Amendment and Restatement of the Incentive Compensation Plan&quot; on pages 26-37
of the Company's definitive proxy statement filed with the Securities and Exchange Commission on April 30, 2019 (the &quot;Proxy
Statement&quot;), which description is incorporated herein by reference and qualified in its entirety by the complete text of the
Plan provided elsewhere in the Proxy Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"><B>Item
5.07 Submission of Matters to a Vote of Securities Holders.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 9.35pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in">The
Company&rsquo;s Annual Shareholders Meeting (&ldquo;Meeting&rdquo;) was held on June 21, 2019. There were present in person or
by proxy at said Meeting shareholders voting 5,145,872 shares that represent 90.05% of the 5,714,154 shares outstanding and entitled
to vote at the Meeting which represented a quorum. At the Meeting, the shareholders:</P>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">1)</TD><TD>Voted on the Election of Directors as follows:</TD>
</TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 90%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; margin-left: 0.25in">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 25%; text-indent: 0in"><U>Nominee</U></TD>
    <TD STYLE="width: 25%; text-indent: 0in"><U>For</U></TD>
    <TD STYLE="width: 25%; text-indent: 0in"><U>Withheld</U></TD>
    <TD STYLE="width: 25%; text-indent: 0in"><U>Broker Non-Vote</U></TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">Ernest A. Bates, M.D.</TD>
    <TD STYLE="text-indent: 0in">2,546,073</TD>
    <TD STYLE="text-indent: 0in">243,952</TD>
    <TD STYLE="text-indent: 0in">2,355,847</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">Daniel G. Kelly, Jr.</TD>
    <TD STYLE="text-indent: 0in">2,542,124</TD>
    <TD STYLE="text-indent: 0in">247,901</TD>
    <TD STYLE="text-indent: 0in">2,355,847</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">David A. Larson, M.D.</TD>
    <TD STYLE="text-indent: 0in">2,544,583</TD>
    <TD STYLE="text-indent: 0in">245,442</TD>
    <TD STYLE="text-indent: 0in">2,355,847</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">Sandra A.J. Lawrence</TD>
    <TD STYLE="text-indent: 0in">2,571,186</TD>
    <TD STYLE="text-indent: 0in">218,839</TD>
    <TD STYLE="text-indent: 0in">2,355,847</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">S. Mert Ozyurek</TD>
    <TD STYLE="text-indent: 0in">2,546,451</TD>
    <TD STYLE="text-indent: 0in">243,574</TD>
    <TD STYLE="text-indent: 0in">2,355,847</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">Raymond C. Stachowiak</TD>
    <TD STYLE="text-indent: 0in">2,659,945</TD>
    <TD STYLE="text-indent: 0in">130,080</TD>
    <TD STYLE="text-indent: 0in">2,355,847</TD>
    </TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.25in; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.25in; text-indent: 0in">All
six individuals were elected to serve on the Board of Directors for the following year.</P>

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

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<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">2)</TD><TD>Voted on our Executive Compensation. There were 2,536,082
votes for, 235,509 votes against, 18,434 votes abstained, and 2,355,847 broker non-votes. The votes &lsquo;for&rsquo; constituted
a majority of those voting in person or by proxy, and also represented at least a majority of the voting power required to constitute
a quorum at the Meeting.</TD>
</TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">3)</TD><TD>Voted on the Frequency of the Advisory Vote on Executive
Compensation. There were 2,523,819 votes for one year, 9,456 votes for two years, 252,520 votes for three years, 4,230 votes abstained,
and 2,355,847 broker non-votes. The votes &lsquo;for one year&rsquo; constitutes a majority of those voting in person of by proxy,
and also represented at least a majority of the voting power required to constitute a quorum at the Meeting. In accordance with
the Company&rsquo;s recommendation, and the advisory vote of a majority of shareholders, the Company will hold an advisory vote
on executive compensation on an annual basis.</TD>
</TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">4)</TD><TD>Voted on the Amendment and Restatement of the Company&rsquo;s
Incentive Compensation Plan. There were 2,464,564 votes for, 295,820 votes against, 29,641 votes abstained, and 2,355,847 broker
non-votes. The votes &lsquo;for&rsquo; constituted a majority of those voting in person or by proxy, and also represented at least
a majority of the voting power required to constitute a quorum at the Meeting.</TD>
</TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">5)</TD><TD>Voted on the Ratification of Moss Adams LLP as the Company&rsquo;s
Independent Registered Public Accounting Firm. There were 4,907,619 votes for, 233,702 votes against, 4,551 votes abstained, and
0 broker non-votes. The votes &lsquo;for&rsquo; constituted a majority of those voting in person or by proxy, and also represented
at least a majority of the voting power required to constitute a quorum at the Meeting.</TD>
</TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>



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

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

<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">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3"><B>American Shared Hospital Services</B></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Date:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">June 26, 2019</TD>
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid">/s/ Ernest A. Bates, M.D.</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 28%">&nbsp;</TD>
    <TD STYLE="width: 15%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 5%">Name:</TD>
    <TD STYLE="width: 33%">Ernest A. Bates, M.D.</TD>
    <TD STYLE="width: 10%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title:</TD>
    <TD>Chairman and CEO</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>

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