Posted 10 March, 2023
AMERICAN SHARED HOSPITAL SERVICES appointed Peter Gaccione as new CEO
NYSE:AMS appointed new Chief Executive Officer Peter Gaccione in a 8-K filed on 10 March, 2023.
Peter Gaccione, who previously served as the Chief Operating Officer of the Company, was appointed as the Company's Chief Executive Officer.
Don't how to trade CEO change? Read Reasons for CEO Turnover and Effect on Stock Performance.
Overview of AMERICAN SHARED HOSPITAL SERVICES
Health Care/Life Sciences • Healthcare Provision
American Shared Hospital Services engages in leasing radiosurgery and radiation therapy equipment to healthcare providers. Its equipment includes Gamma Knife, PBRT, and IGRT. The Gamma Knife radiosurgery equipment is a non-invasive treatment for malignant and benign brain tumors, vascular malformations and trigeminal neuralgia. The company was founded by Ernest A. Bates in 1977 and is headquartered in San Francisco, CA.Market Cap
$17.0M
View Company Details
$17.0M
Relevant filing section
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On March 7, 2023, the Board of Directors of American Shared Hospital Services (the "Company") approved a management reorganization. Pursuant to the reorganization, Raymond Stachowiak, who previously served as the Chief Executive Officer of the Company, was appointed as Executive Chairman of the Board. He will no longer serve as Chief Executive Officer. Mr. Stachowiak will continue to serve as the principal executive officer of the Company. Peter Gaccione, who previously served as the Chief Operating Officer of the Company, was appointed as the Company's Chief Executive Officer. Mr. Gaccione will no longer serve as the Company's Chief Operating Officer. The Board also approved the initiation of a search for a replacement Chief Financial Officer. Craig Tagawa, who currently serves as the President, Chief Financial Officer and Assistant Secretary of the Company, will continue to serve in his current role until a replacement Chief Financial Officer is found. Mr. Tagawa will also continue to serve as the principal financial officer and principal accounting officer of the Company. Upon the hiring of a replacement Chief Financial Officer, Mr. Tagawa will continue to serve as the President and Assistant Secretary of the Company.
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