American Shared Hospital Services Announces 2024 Annual Meeting of Shareholders

TL;DR

<b>American Shared Hospital Services will hold its 2024 Annual Meeting on June 25, 2024, to elect directors, vote on executive compensation, and ratify the appointment of its auditor.</b>

AI Summary

AMERICAN SHARED HOSPITAL SERVICES (AMS) filed a Proxy Statement (DEF 14A) with the SEC on April 29, 2024. The 2024 Annual Meeting of Shareholders for American Shared Hospital Services will be held on June 25, 2024. Shareholders will vote on the election of four directors: Daniel G. Kelly, Jr., Kathleen Miles, Raymond C. Stachowiak, and Vicki L. Wilson. An advisory vote will be held on the compensation of the company's named executive officers. The appointment of Moss Adams LLP as the Independent Registered Public Accounting Firm for the year ending December 31, 2024, will be ratified. The record date for determining shareholders entitled to vote is April 26, 2024.

Why It Matters

For investors and stakeholders tracking AMERICAN SHARED HOSPITAL SERVICES, this filing contains several important signals. Shareholders have the opportunity to influence the company's governance by electing directors and providing advisory input on executive compensation. The ratification of the independent auditor ensures continued oversight and financial transparency for the fiscal year ending December 31, 2024.

Risk Assessment

Risk Level: low — AMERICAN SHARED HOSPITAL SERVICES shows low risk based on this filing. The filing is a routine proxy statement for an annual shareholder meeting, with no immediate financial or operational changes indicated.

Analyst Insight

Shareholders should review the director nominees and executive compensation details before the June 25, 2024 meeting.

Key Numbers

• June 25, 2024 — Annual Meeting Date (2024 Annual Meeting of Shareholders)
• April 26, 2024 — Record Date (Record date for determination of shareholders entitled to vote)
• December 31, 2024 — Fiscal Year End (Independent Registered Public Accounting Firm for the year ending December 31, 2024)

Key Players & Entities

• AMERICAN SHARED HOSPITAL SERVICES (company) — Registrant
• Daniel G. Kelly, Jr. (person) — Director nominee
• Kathleen Miles (person) — Director nominee
• Raymond C. Stachowiak (person) — Director nominee
• Vicki L. Wilson (person) — Director nominee
• Moss Adams LLP (company) — Independent Registered Public Accounting Firm

FAQ

Industry Context

American Shared Hospital Services operates in the medical laboratories sector, providing services related to healthcare facilities.

Regulatory Implications

The filing is made under Schedule 14A of the Securities Exchange Act of 1934, governing proxy solicitations.

What Investors Should Do

1. Review the list of director nominees and their qualifications.
2. Examine the details of the executive compensation plan.
3. Confirm the ratification of Moss Adams LLP as the independent auditor.

Key Dates

• 2024-06-25: 2024 Annual Meeting of Shareholders — Shareholders will vote on director elections, executive compensation, and auditor ratification.
• 2024-04-26: Record Date — Determines shareholders eligible to vote at the annual meeting.

Year-Over-Year Comparison

This is a definitive proxy statement (DEF 14A) for the 2024 annual meeting, indicating a routine shareholder communication.

Key Financial Figures

• $6,500 — s for the meeting and has agreed to pay $6,500 for its proxy solicitation services. O

Filing Documents

• asha20240426_def14a.htm (DEF 14A) — 373KB
• capvni.jpg (GRAPHIC) — 16KB
• capvtsr.jpg (GRAPHIC) — 15KB
• card3.jpg (GRAPHIC) — 273KB
• prox_page1.jpg (GRAPHIC) — 179KB
• prox_page2.jpg (GRAPHIC) — 141KB
• 0001437749-24-013583.txt (&nbsp;) — 1235KB

From the Filing

DEF 14A 1 asha20240426_def14a.htm FORM DEF 14A asha20240426_def14a.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to 240.14a-12 AMERICAN SHARED HOSPITAL SERVICES (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 AMERICAN SHARED HOSPITAL SERVICES 601 Montgomery Street, Suite 1112 San Francisco, California 94111 NOTICE OF 2024 ANNUAL MEETING OF SHAREHOLDERS To be held on June 25, 2024 TO THE SHAREHOLDERS OF AMERICAN SHARED HOSPITAL SERVICES: NOTICE IS HEREBY GIVEN that, pursuant to a call of the Board of the Directors (the "Board"), the 2024 Annual Meeting of Shareholders (the "Meeting") of American Shared Hospital Services, a California corporation (the "Company"), will be held at the Hilton Hotel at 750 Kearny Street, San Francisco, CA 94108 at 9:00 a.m. Pacific Daylight Time on Tuesday, June 25, 2024 to consider and to act upon the following matters, all as set forth in the Proxy Statement. 1. ELECTION OF DIRECTORS. To elect the following four nominees to the Board to serve until the next annual meeting of shareholders and until their successors have been elected and qualified: Daniel G. Kelly, Jr. Kathleen Miles Raymond C. Stachowiak Vicki L. Wilson 2. ADVISORY VOTE ON OUR EXECUTIVE COMPENSATION. To approve, on a non-binding, advisory basis, the compensation of our named executive officers, as disclosed in the Proxy Statement. 3. RATIFICATION OF THE APPOINTMENT OF THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM. To ratify the appointment of Moss Adams LLP as the Company's Independent Registered Public Accounting Firm for the year ending December 31, 2024. 4. OTHER BUSINESS. To transact such other business and to consider and take action upon any and all matters that may properly come before the Meeting and any and all adjournments thereof. The Board knows of no matters, other than those set forth in paragraphs (1), (2), and (3) above, that will be presented for consideration at the Meeting. The Board has fixed the close of business on April 26, 2024 as the record date ("Record Date") for the determination of shareholders entitled to vote at the Meeting. WHETHER OR NOT YOU EXPECT TO ATTEND THE MEETING IN-PERSON, PLEASE DATE, SIGN AND MAIL THE ENCLOSED PROXY IN THE ENVELOPE PROVIDED AS PROMPTLY AS POSSIBLE. THE PROXY IS REVOCABLE AND WILL NOT AFFECT YOUR RIGHT TO VOTE IN PERSON, IF YOU ATTEND THE MEETING. IN ORDER TO FACILITATE THE PROVISION OF ADEQUATE ACCOMMODATIONS, PLEASE INDICATE ON THE PROXY WHETHER YOU PLAN TO ATTEND THE MEETING IN PERSON. The Proxy Statement is dated April 29, 2024 and is first being made available to stockholders via the Internet on or about April 29, 2024. By Order of the Board /s/Alexis N. Wallace Alexis N. Wallace Corporate Secretary Dated: April 29, 2024 San Francisco, California 3 Important Notice Regarding the Availability of Proxy Materials for Shareholder Meeting to Be Held on Tuesday, June 25, 2024 at 9:00 a.m. Pacific Daylight Time The Proxy Statement, Proxy Card and Annual Report on Form 10-K are available at https:// www.astproxyportal.com/ast/00186 . 4 AMERICAN SHARED HOSPITAL SERVICES 601 Montgomery Street, Suite 1112 San Francisco, California 94111 PROXY STATEMENT 2024 ANNUAL MEETING OF SHAREHOLDERS June 25, 2024 INTRODUCTION This Proxy Statement is being furnished to shareholders of American Shared Hospital Services, a California corporation (the "Company"), in connection with the solicitation of proxies by the Company's Board of Directors (the "Board") for use at the 2024 Annual Meeting of Shareholders scheduled to be held at the Hilton Hotel at 750 Kearny Street, San Francisco, CA 94108 at 9:00 a.m. Pacific Daylight Time on Tuesday, June 25, 2024 and at any adjournments or postponement thereof (the "Meeting" or "Annual Meeting"). This Proxy Statement is dated April 29, 2024 and is first being made available to stockholders via the Internet on or about April 29, 2024. The matters to be considered and voted upon at the Meeting will be: 1. To elect four nominees to the Board to serve until the next annual meeting of shareholders and until their successors have been elected and qualified. 2. To approve, on an advisory basis, the compensation of our named executive off

View Full Filing

View this DEF 14A filing on SEC EDGAR