American Shared Hospital Services – ‘8-K’ for 1/14/00

On:  Friday, 1/21/00   ·   For:  1/14/00   ·   Accession #:  950149-0-67   ·   File #:  1-08789

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Form 8-K Dated January 14, 2000                        4     14K 
 2: EX-16.2     Letter Dated January 21, 2000 From Grant Thornton      1      5K 

8-K   —   Form 8-K Dated January 14, 2000
Document Table of Contents

8-K
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934

 Date of Report (Date of Earliest Event Reported):
JANUARY 14, 2000

 AMERICAN SHARED HOSPITAL SERVICES
(Exact name of registrant as specified in its charter)

CALIFORNIA                     0-8789                    94-2918118   
(State or other          (Commission File Number)        (I.R.S. Employer   
jurisdiction of                                         Identification No.) 
incorporation)                                                            

TWO EMBARCADERO CENTER, SUITE 2370, SAN FRANCISCO, CA      94111-3823           
(Address of principal executive offices)                    (Zip Code)          

Registrant's telephone number, including area code: 415-788-5300                

NOT APPLICABLE                    
(Former Name or Former Address, if Changed Since Last Report)                   

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Item 4. Changes in Registrant's Certifying Accountant                           

Effective January 1, 2000, Grant Thornton LLP ("Grant Thornton"), the           
independent accountants for American Shared Hospital Services (the "Company")   
sold its Stockton and Sacramento, California offices to Moss Adams LLP, an      
accounting and consulting firm ("Moss Adams"). Since the individuals performing 
services for the Company at Grant Thornton are now in the employ of Moss Adams, 
effective January 14, 2000, the Company dismissed Grant Thornton as its         
independent accountants and engaged the services of Moss Adams to act as the    
Company's principal accountants to audit the Company's financial statements. The
decision to dismiss Grant Thornton and to retain the services of Moss Adams was 
approved by the Company's Board of Directors. The reports on the Company's      
financial statements issued by Grant Thornton and Ernst & Young, the Company's  
previous accountants, did not contain an adverse opinion or disclaimer of       
opinion and were not qualified or modified as to uncertainty, audit scope or    
accounting principles, except the report for the two years ended December 31,   
1997 expressed substantial doubt about the Company's ability to continue as a   
going concern. During the Company's three most recent fiscal years and through  
January 14, 2000, there have been no disagreements with Grant Thornton or Ernst 
& Young on any manner of accounting principle or practices, financial statement 
disclosure, or auditing scope or procedure, which if not resolved to the        
satisfaction of Grant Thornton or Ernst & Young, would have caused them to make 
reference thereto in their report on the financial statements for such years. In
addition, the Company did not consult Moss Adams regarding the application of   
accounting principles to a specific contemplated transaction, or any type of    
audit opinion that might be rendered on the Company's financial statements, or  
any matter that was the subject of disagreement with the Company's former       
accountant.                                                                     

The Company has requested that Grant Thornton furnish it with a letter addressed
to the Securities and Exchange Commission stating whether or not it agrees with 
the above statements. A copy of such letter, dated January 21, 2000 is filed as 
Exhibit 16.2 to this Form 8-K.                                                  

The Company previously filed on December 21, 1998 a Report on Form 8-K dated    
December 14, 1998 regarding the Company's change of independent accountants from
Ernst & Young LLP to Grant Thornton LLP. That Form 8-K Report included as       
Exhibit 16.1 a letter from Ernst & Young LLP stating that Ernst & Young LLP     
agreed with statements concerning that firm contained in such Report on Form    
8-K.                                                                            

The following Exhibit is filed with this Report:                                

                                                                [Download Table]

Exhibit No.           Description                                          
-----------           -----------                                          
                                                                           
16.2           Letter dated January 21, 2000 from Grant Thornton LLP to the
               Company                                                     

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SIGNATURES

        Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the        
undersigned thereunto duly authorized.                                          

                     AMERICAN SHARED HOSPITAL SERVICES
(Registrant)

                 By: /s/ Ernest A. Bates, M.D.
                     ---------------------------
                         Ernest A. Bates, M.D.
                             Chairman of the Board and
                           Chief Executive Officer

Dated:  January 21, 2000                                                        

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 Index to Exhibits

                                                                [Download Table]

Exhibit No.                         Description                            Page
-----------                         -----------                            ----
                                                                               
16.2                Letter dated January 21, 2000 from                         
                             Grant Thornton LLP to the Company               5 

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Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘8-K’ Filing		Date		First		Last			Other Filings
Filed on:		1/21/00		2		4
For Period End:		1/14/00		1		2
		1/1/00		2
		12/21/98		2					8-K
		12/14/98		2					8-K
		12/31/97		2					10-K,  10-K/A
									List all Filings