AMERICAN SHARED HOSPITAL SERVICES 8-K

What Happened
American Shared Hospital Services announced that CEO Gary Delanois resigned for personal reasons, effective April 24, 2026. The Board appointed the company’s President, Craig K. Tagawa, as Interim CEO effective April 27, 2026; Mr. Tagawa will continue to serve as President. The 8-K notes Mr. Tagawa has been with the company since 1988 and his prior roles (including COO and CFO) were summarized in the company’s 2025 Form 10-K filed March 31, 2026. The Board approved compensation changes for Mr. Tagawa tied to his interim CEO duties.

Key Details

• CEO resignation: Gary Delanois resigned effective April 24, 2026.
• Interim CEO appointment: Craig K. Tagawa named Interim CEO effective April 27, 2026; he will retain his role as President.
• Compensation change: Mr. Tagawa’s base salary increased from $265,000 to $325,000 (effective April 27, 2026) and his 2026 target performance bonus was raised from 40% to 50% of base salary.
• Background/ disclosures: Tagawa joined the company in September 1988; biographical and related disclosure appeared in the company’s Form 10‑K (filed March 31, 2026). No family relationships or related‑party transactions requiring disclosure were reported.

Why It Matters
A CEO departure and interim leadership change are material governance events investors track because they can affect strategy, management continuity, and investor confidence. The appointment of a long‑tenured executive (Tagawa) provides operational continuity, while the approved pay increases will raise executive compensation expense. Investors should watch for further SEC filings or company announcements about a permanent CEO search, strategic direction, or any material operational updates.