TIGH II, LLC Files 13D on American Shared Hospital Services

Ticker: AMS · Form: SC 13D · Filed: Nov 20, 2024 · CIK: 744825

Sentiment: neutral

Topics: ownership-change, schedule-13d, investment

Related Tickers: AMHS

TL;DR

**TIGH II, LLC just dropped a 13D on AMHS. Big stake incoming.**

AI Summary

On November 20, 2024, TIGH II, LLC, through its representative Robert Johnston, filed a Schedule 13D regarding American Shared Hospital Services. The filing indicates a change in beneficial ownership, with TIGH II, LLC now holding a significant stake in the company. Anita G. Zucker is also listed as a filer, suggesting a coordinated action or related interest.

Why It Matters

This filing signals a potential shift in control or a significant investment by TIGH II, LLC in American Shared Hospital Services, which could lead to strategic changes or influence the company's future direction.

Risk Assessment

Risk Level: medium — Schedule 13D filings often precede significant corporate actions like activist campaigns, mergers, or acquisitions, introducing uncertainty.

Key Players & Entities

FAQ

What is the specific percentage of American Shared Hospital Services' common stock that TIGH II, LLC now beneficially owns?

The provided text does not specify the exact percentage of shares owned by TIGH II, LLC, only that a Schedule 13D filing was made, indicating a change in beneficial ownership.

What was the date of the event that triggered this Schedule 13D filing?

The date of the event which requires filing of this statement is November 20, 2024.

Who is the authorized person to receive notices and communications for this filing?

Robert Johnston of TIGH II, LLC is the person authorized to receive notices and communications.

What is the business address of American Shared Hospital Services?

The business address of American Shared Hospital Services is 601 Montgomery Street, Suite 1112, San Francisco, CA 94111.

Is this filing an amendment to a previous Schedule 13D or a new filing?

The filing states 'Amendment No. ' followed by a blank space, and then 'SCHEDULE 13D', suggesting it could be an initial filing or an amendment where the amendment number is not explicitly stated in this excerpt.

Filing Stats: 1,704 words · 7 min read · ~6 pages · Grade level 9.9 · Accepted 2024-11-20 16:59:03

Key Financial Figures

Filing Documents

Security and Issuer

Item 1. Security and Issuer. This Schedule 13D relates to shares of common stock, no par value, of American Shared Hospital Services, a California corporation (" AMS ") with principal executive offices located at 601 Montgomery Street, Suite 1112, San Francisco, California 94111-2619, beneficially owned by TIGH II, LLC, a company that is controlled by Anita G. Zucker, as Trustee of The Article 6 Marital Trust under the The First Amended and Restated Jerry Zucker Revocable Trust, dated April 2, 2007.

Identity and Background

Item 2. Identity and Background. Anita G. Zucker a citizen of the State of South Carolina and the United States of America. Mrs. Zucker's principal occupation is as the chairperson and chief executive officer of The InterTech Group, Inc. TIGH II, LLC is a Delaware limited liability company owned by InterTech, which is owned by The Article 6 Marital Trust under the First Amended and Restated Jerry Zucker Revocable Trust, dated April 2, 2007. TIGH II holds investments in various companies. Mrs. Zucker is the president of TIGH II and the trustee and beneficiary of the Marital Trust. The business address of both Mrs. Zucker and TIGH II is c/o The InterTech Group, Inc., 4838 Jenkins Avenue, North Charleston, South Carolina 29405. During the last five years, neither Mrs. Zucker nor TIGH II has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which they were or are subject to any judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, state or federal securities laws or finding any violation with respect to such laws.

Source and Amount of Funds or Other Consideration

Item 3. Source and Amount of Funds or Other Consideration. The 331,160 shares of common stock of AMS (the " Shares ") reported in this Schedule 13D were purchased by TIGH II for $1,035,696 using available funds.

Purpose of Transaction

Item 4. Purpose of Transaction. TIGH II acquired the Shares for investment purposes. TIGH II continually reviews the performance of this investment and its investment alternatives. As part of the ongoing review of its investment in the Shares, TIGH II may explore from time to time a variety of alternatives, including the acquisition of additional securities of AMS, or the disposition of securities of AMS in the open market or in privately negotiated transactions. TIGH II may explore, support, sponsor or promote other alternatives with respect to its investment in the Shares, including but not limited to an extraordinary corporate transaction involving AMS, other changes in the present board of directors or management of AMS, changes in management's compensation, or changes in AMS's business or corporate structure. As a substantial shareholder, TIGH II expects to communicate from time to time in the future to management and the board of directors its views as to matters that TIGH II believes will benefit AMS and its shareholders. Although the prior paragraph reflects activities presently contemplated by TIGH II with respect to AMS, TIGH II's plans may change at any time, and TIGH II may not take any of the actions referred to above. Except as set forth above, as of the date of this Schedule 13D, TIGH II does not have any plan or proposal that relates to or would result in: (a) The acquisition by any person of additional securities of AMS, or the disposition of securities of AMS; (b) An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving AMS or any of its subsidiaries; (c) A sale or transfer of a material amount of assets of AMS or any of its subsidiaries; (d) Any change in the present board of directors or management of AMS, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board; (e) Any material change in the present capitalization or dividend poli

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer. (a) TIGH II is the record owner of 331,160 shares of common stock, which is 5.2% of the 6,420,000 outstanding common shares of AMS on November 8, 2024, according to the company's September 30, 2024 Quarterly Report on Form 10-Q. As the president and indirect owner of TIGH II, Mrs. Zucker is considered the beneficial owner of the Shares. (b) Mrs. Zucker and TIGH II share the power to vote and to dispose of the Shares. (c) During past sixty days, TIGH II has acquired 124,019 shares of AMS and sold 1,500 shares in open market transactions through a broker. These transactions are detailed in the following table. Date of Transaction Number of Shares Price Per Share Bought or Sold 09/23/2024 5,804 $3.04 Buy 09/23/2024 1000 $3.02 Buy 09/23/2024 400 $3.03 Buy 09/23/2024 2,945 $3.05 Buy 09/24/2024 200 $3.02 Buy 09/25/2024 93 $3.01 Buy 09/25/2024 500 $3.02 Buy 09/26/2024 300 $3.06 Buy 09/30/2024 1,300 $3.05 Buy 10/01/2024 8,158 $3.04 Buy 10/01/2024 3,586 $3.05 Buy 10/01/2024 500 $3.05 Sell 11/13/2024 4,000 $2.98 Buy 11/13/2024 12,000 $3.01 Buy 11/13/2024 2,500 $2.99 Buy 11/13/2024 9,500 $3.05 Buy 11/13/2024 1,500 $3.00 Buy 11/14/2024 9,400 $3.07 Buy 11/14/2024 62 $3.05 Buy 11/14/2024 5,600 $3.03 Buy 11/15/2024 20,000 $3.07 Buy 11/15/2024 1,000 $3.08 Sell 11/18/2024 857 $3.01 Buy 11/18/2024 16,847 $3.04 Buy 11/18/2024 12,500 $3.02 Buy 11/18/2024 855 $2.98 Buy 11/19/2024 1,134 $3.00 Buy 11/19/2024 2,978 $3.01 Buy (d) Mrs. Zucker and TIGH II share the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Shares.

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. Not applicable

Material to be Filed as Exhibits

Item 7. Material to be Filed as Exhibits. Not applicable Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. /s/ Anita G. Zucker November 20, 2024 Anita G. Zucker, as Trustee for The Article 6 Marital Trust under the First Amended and Restated Jerry Zucker Revocable Trust, dated April 2, 2007 TIGH II, LLC /s/ Anita G. Zucker November 20, 2024 By Anita G. Zucker, President

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