AMERICAN SHARED HOSPITAL SERVICES (NYSEMKT:AMS) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Securities Holders.
The Companys Annual Shareholders Meeting (Meeting) was held on
June 27, 2017. There were present in person or by proxy at said
Meeting shareholders voting 4,868,805 shares that represent
87.81% of the 5,544,888 shares outstanding and entitled to vote
at the Meeting which represented a quorum. At the Meeting, the
shareholders:
| 1) | Voted on the Election of Directors as follows: |
| Nominee | For | Withheld | Broker Non-Vote | |||||||||
| Ernest A. Bates, M.D. | 2,223,608 | 491,407 | 2,153,790 | |||||||||
| Daniel G. Kelly, Jr. | 2,530,254 | 184,761 | 2,153,790 | |||||||||
| David A. Larson, M.D. | 2,294,099 | 420,916 | 2,153,790 | |||||||||
| S. Mert Ozyurek | 2,266,230 | 448,785 | 2,153,790 | |||||||||
| John F. Ruffle | 2,293,998 | 421,017 | 2,153,790 | |||||||||
| Raymond C. Stachowiak | 2,294,098 | 420,917 | 2,153,790 | |||||||||
| Stanley S. Trotman, Jr. | 2,293,998 | 421,017 | 2,153,790 | |||||||||
All seven individuals were elected to serve on the Board of
Directors for the following year.
| 2) |
Voted on our Executive Compensation. There were 2,410,823 votes for, 288,278 votes against, 15,914 votes abstained, and 2,153,790 broker non-votes. The votes for 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 Annual Meeting. |
| 3) |
Voted on the Amendment and Restatement of the Incentive Compensation Plan. There were 2,288,640 votes for, 408,766 votes against, 17,609 votes abstained, and 2,153,790 broker non-votes. The votes for 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 Annual Meeting. |
| 4) |
Voted on the Ratification of Moss Adams LLP as the Companys Independent Registered Public Accounting Firm. There were 4,525,647 votes for, 339,780 votes against, 3,378 votes abstained, and 0 broker non-votes. The votes for 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 Annual Meeting. |
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).
