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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 4/01/24 American Shared Hospital Services 10-K 12/31/23 82:7.6M RDG Filings/FA |
Document/Exhibit Description Pages Size
1: 10-K Annual Report HTML 1.50M
3: EX-10.13D Material Contract HTML 45K
4: EX-10.20B Material Contract HTML 40K
5: EX-10.23B Material Contract HTML 40K
6: EX-10.23C Material Contract HTML 34K
2: EX-10.2F Material Contract HTML 59K
7: EX-10.33B Material Contract HTML 27K
8: EX-21.1 Subsidiaries List HTML 24K
9: EX-23.1 Consent of Expert or Counsel HTML 22K
13: EX-97 Clawback Policy re: Recovery of Erroneously HTML 36K
Awarded Compensation
10: EX-31.1 Certification -- §302 - SOA'02 HTML 25K
11: EX-31.2 Certification -- §302 - SOA'02 HTML 25K
12: EX-32.1 Certification -- §906 - SOA'02 HTML 24K
19: R1 Document And Entity Information HTML 92K
20: R2 Consolidated Balance Sheets HTML 160K
21: R3 Consolidated Balance Sheets (Parentheticals) HTML 36K
22: R4 Consolidated Statements of Operations HTML 123K
23: R5 Consolidated Statement of Shareholders' Equity HTML 74K
24: R6 Consolidated Statements of Cash Flows HTML 121K
25: R7 Insider Trading Arrangements HTML 31K
26: R8 Note 1 - Business and Basis of Presentation HTML 35K
27: R9 Note 2 - Accounting Policies HTML 119K
28: R10 Note 3 - Property and Equipment HTML 36K
29: R11 Note 4 - Other Accrued Liabilities HTML 33K
30: R12 Note 5 - Long Term Debt HTML 35K
31: R13 Note 6 - Leases HTML 45K
32: R14 Note 7 - Income Taxes HTML 90K
33: R15 Note 8 - Stock-based Compensation Expense HTML 87K
34: R16 Note 9 - Retirement Plan HTML 29K
35: R17 Note 10 - Commitments and Contingencies HTML 32K
36: R18 Note 11 - Related Party Transactions HTML 39K
37: R19 Note 12 - Subsequent Events HTML 27K
38: R20 Significant Accounting Policies (Policies) HTML 164K
39: R21 Note 2 - Accounting Policies (Tables) HTML 85K
40: R22 Note 3 - Property and Equipment (Tables) HTML 32K
41: R23 Note 4 - Other Accrued Liabilities (Tables) HTML 32K
42: R24 Note 5 - Long Term Debt (Tables) HTML 28K
43: R25 Note 6 - Leases (Tables) HTML 39K
44: R26 Note 7 - Income Taxes (Tables) HTML 88K
45: R27 Note 8 - Stock-based Compensation Expense (Tables) HTML 78K
46: R28 Note 11 - Related Party Transactions (Tables) HTML 32K
47: R29 Note 1 - Business and Basis of Presentation HTML 40K
(Details Textual)
48: R30 Note 2 - Accounting Policies (Details Textual) HTML 140K
49: R31 Note 2 - Accounting Policies - Computation of HTML 54K
Basic and Diluted Earnings Per Share (Details)
50: R32 Note 2 - Accounting Policies - Revenues HTML 29K
Allocations to Reportable Segments (Details)
51: R33 Note 3 - Accounting Policies - Allocations to HTML 39K
Reportable Segments (Details)
52: R34 Note 2 - Accounting Policies - Profit (Loss) HTML 37K
Allocations to Reportable Segments (Details)
53: R35 Note 2 - Accounting Policies - Property and HTML 33K
Equipment Allocations to Reportable Segments
(Details)
54: R36 Note 3 - Property and Equipment (Details Textual) HTML 55K
55: R37 Note 3 - Property and Equipment - Summary of HTML 36K
Property and Equipment (Details)
56: R38 Note 4 - Other Accrued Liabilities - Other Accrued HTML 31K
Liabilities (Details)
57: R39 Note 5 - Long Term Debt (Details Textual) HTML 72K
58: R40 Note 5 - Long Term Debt - Long-term Debt HTML 36K
Maturities (Details)
59: R41 Note 6 - Leases (Details Textual) HTML 52K
60: R42 Note 6 - Leases - Summary of Maturities of Lessee HTML 29K
Operating Lease Liabilities (Details)
61: R43 Note 6 - Leases - Lease Cost and Information HTML 35K
(Details)
62: R44 Note 7 - Income Taxes (Details Textual) HTML 51K
63: R45 Note 7 - Income Taxes - Components of Income HTML 28K
Before Income Taxes (Details)
64: R46 Note 7 - Income Taxes - Components of Provision HTML 46K
(Benefit) for Income Taxes (Details)
65: R47 Note 7 - Income Taxes - Significant Components of HTML 52K
Deferred Tax Liabilities and Assets (Details)
66: R48 Note 7 - Income Taxes - Reconciliation of Income HTML 47K
Tax Provision (Benefit) (Details)
67: R49 Note 7 - Income Taxes - Reconciliation of HTML 28K
Unrecognized Tax Benefit (Details)
68: R50 Note 8 - Stock-based Compensation Expense (Details HTML 95K
Textual)
69: R51 Note 8 - Stock-based Compensation Expense - HTML 44K
Changes in Restricted Stock Units (Details)
70: R52 Note 8 - Stock-based Compensation Expense - Stock HTML 36K
Compensation Expense (Details)
71: R53 Note 8 - Stock-based Compensation Expense - HTML 59K
Summary of Stock Option Activity (Details)
72: R54 Note 8 - Stock-based Compensation Expense - HTML 32K
Assumptions (Details)
73: R55 Note 9 - Retirement Plan (Details Textual) HTML 27K
74: R56 Note 10 - Commitments and Contingencies (Details HTML 46K
Textual)
75: R57 Note 11 - Related Party Transactions (Details HTML 29K
Textual)
76: R58 Note 11 - Related Party Transactions - Schedule of HTML 31K
Related Party Transactions (Details)
77: R59 Note 12 - Subsequent Events (Details Textual) HTML 32K
79: XML IDEA XML File -- Filing Summary XML 138K
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Exhibit 97
American Shared Hospital Services
Compensation Recoupment Policy
November 2023
This Compensation Recoupment Policy (this “Policy”) is the compensation-recovery policy of American Shared Hospital Services (the “Company”), adopted by the Company in accordance with the provisions of Rule 10D-1 promulgated by the Securities and Exchange Commission (the “SEC”) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Section 811 of the Company Guide of NYSE American LLC (the “NYSEAMER Exchange”; such section, “NYSEAMER Section 811”). This Policy shall be effective as of October 2, 2023, the effective date of NYSEAMER Section 811 (the “Effective Date”).
Recoverable Compensation Upon an Accounting Restatement. If the Company is required to prepare an accounting restatement of all or any portion of its financial statements due to the Company’s material noncompliance with any financial-reporting requirement under applicable U.S. federal securities laws, including any required accounting restatement to correct an error in previously issued financial statements that is material to the previously issued financial statements, or that would result in a material misstatement if either corrected or left uncorrected in the current period (such restatement, an “Accounting Restatement”), the Compensation Committee of the Company’s board of directors (the “Board”; such committee, the “Compensation Committee”) will review any incentive-based compensation received by an executive officer of the Company: (i) during the three completed fiscal years immediately preceding the date that the Company is required to prepare an Accounting Restatement, which is the earlier to occur of: (1) the date the Board, a committee of the Board, or the officer or officers of the Company authorized to take such action if Board action is not required, concludes, or reasonably should have concluded, that the Company is required to prepare an Accounting Restatement; and (2) the date a court, regulator, or other legally authorized body directs the Company to prepare an Accounting Restatement (such date, the “Restatement Trigger Date”), and (ii) during any transition period within or immediately following that three-year period preceding the Restatement Trigger Date that results from a change in the Company’s fiscal year (such period of three fiscal years and any transition period, the “Recoverability Period”).
Scope of Policy. This Policy applies to all incentive-based compensation received on or after the Effective Date of this Policy by a person: (i) after becoming an executive officer of the Company; (ii) who served as an executive officer at any time during the performance period for the incentive‑based compensation under review; (iii) while the Company had a class of securities listed on a national securities exchange or association; and (iv) during the Recoverability Period immediately preceding the Restatement Trigger Date (such incentive-based compensation, “Recoverable Incentive-Based Compensation”).
Calculating Erroneously Awarded Compensation. If the Compensation Committee determines, in its sole and absolute discretion, that an executive officer of the Company received any Recoverable Incentive-Based Compensation in excess of the amount of Recoverable Incentive-Based Compensation that would have been received had it been calculated based on the restated financial amounts in an Accounting Restatement, disregarding any taxes paid (such excess incentive-based compensation, “Erroneously Awarded Compensation”), the Company must recover such Erroneously Awarded Compensation. If the Company awarded Recoverable Incentive-Based Compensation based on stock price or total shareholder return, the amount of Erroneously Awarded Compensation will not be subject to mathematical recalculation from the information in an Accounting Restatement, so the Compensation Committee must: (i) determine the amount of Erroneously Awarded Compensation based on a reasonable estimate of the effect of the Accounting Restatement on the stock price or total shareholder return, as applicable, upon which the Recoverable Incentive-Based Compensation was received; (ii) maintain documentation of the determination of that reasonable estimate; and (iii) provide such documentation to the NYSEAMER Exchange. For purposes of this Policy, Recoverable Incentive-Based Compensation will be deemed to be received in the fiscal period during which the financial reporting measure specified in the applicable incentive-based compensation award is attained, even if the payment or grant of the award occurs after the end of that period.
Reimbursement of Overpayment Amount. Upon determining that an executive officer received Erroneously Awarded Compensation, the Compensation Committee shall, to the fullest extent permitted by governing law and as it deems appropriate, require such executive officer to reimburse the Company in the amount of the Erroneously Awarded Compensation (such amount to be reimbursed, the “Overpayment Amount”). Promptly after making the determination that an executive officer received Erroneously Awarded Compensation, the Compensation Committee shall send such executive officer a notice of recovery, specifying the Overpayment Amount to be paid to the Company and the terms for prompt repayment thereof.
No Indemnification. The Company is prohibited from indemnifying any executive officer or former executive officer against the loss of Erroneously Awarded Compensation and from paying or reimbursing any current or former executive officer for the premium of any third-party insurance policy purchased by such executive officer to fund potential recovery obligations. This Policy is in addition to (and not in lieu of) any right of repayment, forfeiture, or right of offset against any employee that is required pursuant to any statutory repayment requirements (regardless of whether such requirement was implemented prior to or following the adoption or amendment of this Policy), including Section 304 of the Sarbanes-Oxley Act of 2002. Any amounts paid to the Company pursuant to Section 304 of the Sarbanes-Oxley Act of 2002 shall be considered in calculating any amounts recovered under this Policy.
Exceptions to Recovery of Erroneously Awarded Compensation. Notwithstanding the foregoing, the Company will not be required to recover Erroneously Awarded Compensation in compliance with this Policy to the extent that the Compensation Committee determines that recovery would be impracticable, and the conditions of one of the following three recovery scenarios are met:
(1) The direct expense paid to a third party to assist in enforcing this Policy would exceed the amount to be recovered. Before concluding that it would be impracticable to recover any amount of Erroneously Awarded Compensation based on expense of enforcement, the Company must make a reasonable attempt to recover such Erroneously Awarded Compensation, document such reasonable recovery attempt(s), and provide that documentation to the NYSEAMER Exchange.
(2) Recovery would violate home country law where that law was adopted prior to November 28, 2022 (the date the SEC published Rule 10D-1 under the Exchange Act). Before concluding that it would be impracticable to recover any amount of Erroneously Awarded Compensation based on violation of home country law, the Company must obtain an opinion of home country counsel, acceptable to the NYSEAMER Exchange, that recovery would result in such a violation, and must provide such opinion to the NYSEAMER Exchange.
(3) Recovery would likely cause an otherwise tax-qualified retirement plan, under which benefits are broadly available to the Company’s employees, to fail to meet the requirements of 26 U.S.C. § 401(a)(13) or 26 U.S.C. § 411(a) and regulations thereunder.
Additional Remedies and Means of Recoupment. The application and enforcement of this Policy does not preclude the Company from taking any other action to enforce an executive officer’s obligations to the Company, including termination of employment or institution of legal proceedings. Nothing in this Policy restricts the Company from seeking recoupment under any other compensation recoupment Policy or any applicable provisions in plans, agreements, awards, or other arrangements that contemplate the recoupment of compensation from an executive officer. If an executive officer fails to repay Erroneously Awarded Compensation that is owed to the Company under this Policy, the Company shall take all appropriate action to recover such Erroneously Awarded Compensation from the executive officer, and the executive officer shall be required to reimburse the Company for all expenses (including legal expenses) incurred by the Company in recovering such Erroneously Awarded Compensation.
Binding Policy; Enforceability. The terms of this Policy shall be binding and enforceable against all executive officers subject to this Policy and their beneficiaries, heirs, executors, administrators, or other legal representatives. If any provision of this Policy or the application of such provision to any executive officer shall be adjudicated to be invalid, illegal, or unenforceable in any respect, such invalidity, illegality, or unenforceability shall not affect any other provisions of this Policy, and the invalid, illegal, or unenforceable provisions shall be deemed amended to the minimum extent necessary to render any such provision (or the application of such provision) valid, legal, or enforceable.
Interpretation. This Policy shall be interpreted in a manner that is consistent with Rule 10D-1 under the Exchange Act, NYSEAMER Section 811, and any related rules or regulations adopted by the SEC or the NYSEAMER Exchange (the “Applicable Rules”) as well as any other applicable law. To the extent the Applicable Rules require recovery of incentive-based compensation in additional circumstances beyond those specified above, nothing in this Policy shall be deemed to limit or restrict the right or obligation of the Company to recover incentive-based compensation to the fullest extent required by the Applicable Rules.
Definitions. For purposes of this Policy:
(i) “executive officer” means the Company’s president, principal financial officer, principal accounting officer (or if there is no such accounting officer, the controller), any vice‑president of the Company in charge of a principal business unit, division, or function (such as sales, administration, or finance), any other officer who performs a significant policy-making function, any other person who performs similar significant policy-making functions for the Company, any executive officer of the Company’s parent(s) or subsidiaries that performs significant policy-making functions for the Company, and any other person identified by the Company as an executive officer for purposes of Item 401(b) of Regulation S-K (17 CFR § 229.401(b)), as designated from time to time by the Board;
(ii) “financial reporting measures” means (1) the measures that are determined and presented in accordance with the accounting principles used in preparing the Company’s financial statements, (2) any measures that are derived wholly or in part from such measures, and (3) stock price and total shareholder return, regardless of whether any of the financial reporting measures described in clauses (1) through (3) are presented with the Company’s financial statements or included in a filing with the SEC; and
(iii) “incentive-based compensation” means any compensation that is granted, earned, or vested based wholly or in part upon the attainment of a financial reporting measure.
Acknowledgment. Each executive officer subject to this Policy shall sign and return to the Company, the Acknowledgement Form attached hereto as Exhibit A, pursuant to which the executive officer agrees to be bound by, and to comply with, the terms and conditions of this Policy (i) within 60 calendars days of the Effective Date of this Policy, or (ii) within 30 calendar days after the date the individual becomes an executive officer, whichever is later.
Reviewed: November 2023
Exhibit A
American Shared Hospital Services
Compensation Recoupment Policy
Acknowledgment Form
By signing below, the undersigned acknowledges and confirms that the undersigned has received and reviewed a copy of the Compensation Recoupment Policy (the “Policy”) of American Shared Hospital Services (the “Company”).
The undersigned acknowledges and agrees that the undersigned is and will continue to be subject to the Policy and that the Policy will apply both during and after the undersigned’s employment with the Company. Further, by signing below, the undersigned agrees to abide by the terms of the Policy, including, without limitation, by returning any Erroneously Awarded Compensation (as defined in the Policy) to the Company to the extent required by, and in a manner consistent with, the Policy.
Executive Officer:
Signature
Printed Name
Title or Position
Date
| This ‘10-K’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| Filed on: | 4/1/24 | None on these Dates | ||
| For Period end: | 12/31/23 | |||
| 10/2/23 | ||||
| 11/28/22 | ||||
| List all Filings | ||||