AMERICAN SHARED HOSPITAL SERVICES (NYSEMKT:AMS) Files An 8-K Amendment to Registrant’s Code of Ethics, or Waiver of a Provision of the Code of Ethics

AMERICAN SHARED HOSPITAL SERVICES (NYSEMKT:AMS) Files An 8-K Amendment to Registrant’s Code of Ethics, or Waiver of a Provision of the Code of Ethics
Item 5.05 Amendments to the Registrant’s Code of Ethics, or Waiver of a Provision of the Code of Ethics.

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On September 7, 2017, the Board of Directors (the “Board”) of American Shared Hospital Services (the “Company”) amended the Company’s Code of Business Conduct and Ethics (the “Code”) that applies to all of the Company’s directors, officers and employees. The amended Code provides, among other things, that (i) all directors, officers and employees must familiarize themselves with the Company’s insider trading policy, (ii) the unauthorized use or distribution of Company proprietary information is prohibited, (iii) the use of Company assets for any purpose other than those consistent with the Code is prohibited and (iv) all officers and directors have a duty to advance the Company’s corporate interests when presented with a corporate opportunity. The amended Code also sets out the Company’s updated anti-bribery and whistleblower policies.

The description above does not purport to be complete and is qualified in its entirety by reference to the text of the Company’s amendments to the Code, a redline of which is filed as Exhibit 14.01 to this Current Report on Form 8-K and incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit 14.01 Amended Code of Business Conduct and Ethics


AMERICAN SHARED HOSPITAL SERVICES Exhibit
EX-14.01 2 v475026_ex14-01.htm EXHIBIT 14.01   Exhibit 14.01   AMERICAN SHARED HOSPITAL SERVICES   Code of Business Conduct and Ethics Adopted May 28,…
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About AMERICAN SHARED HOSPITAL SERVICES (NYSEMKT:AMS)

American Shared Hospital Services provides Gamma Knife stereotactic radiosurgery equipment and radiation therapy and related equipment to approximately 20 medical centers in approximately 20 states in the United States. The Company provides Gamma Knife services through its over 81% indirect interest in GK Financing, LLC (GKF). The Company’s business is the outsourcing of stereotactic radiosurgery services and radiation therapy services. The Company provides the equipment, as well as planning, installation, reimbursement and marketing support services. The Company’s radiation therapy business consists of one Image Guided Radiation Therapy Operations (IGRT) system. IGRT technology integrates imaging and detection components into a linear accelerator, allowing clinicians to plan treatment, verify positioning and deliver treatment with a single device, providing radiation therapy with less damage to healthy tissue. It is also engaged in proton beam radiation therapy business (PBRT).

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