AMERICAN SHARED HOSPITAL SERVICES 8-K

What Happened
American Shared Hospital Services (AMS) filed an 8-K (Item 1.01) to report Amendment Two to its Proton Beam Radiation Therapy Lease Agreement with Orlando Health, Inc., effective March 13, 2026. The Amendment extends the Lease for an additional seven years, from April 6, 2026 through April 5, 2033, and revises lease payment and other contractual terms.

Key Details

• Original lease dated October 18, 2006, previously amended August 12, 2012; Amendment Two effective March 13, 2026.
• Extended Term: April 6, 2026 – April 5, 2033 (7 years).
• Lease payments during the Extended Term are set using a technical component collection percentage that decreases during certain 12‑month periods of the Extended Term.
• Amendment includes (i) an option for Orlando Health to purchase the leased proton beam equipment at lease end (purchase price and exercise period specified), (ii) AMS’s obligation to remove the equipment at its expense if Orlando Health does not purchase it and related financial understandings, and (iii) updated maintenance and insurance responsibilities.
• The full Amendment is filed as Exhibit 10.1, with certain commercially sensitive portions omitted.

Why It Matters
This amendment preserves AMS’s revenue relationship with Orlando Health through 2033 and defines how future lease collections will be calculated (via the technical component collection percentage). The purchase option and removal/maintenance obligations affect potential future cash receipts and costs tied to the equipment. Investors should view this as a material contractual update that shapes AMS’s expected cash flows and operational responsibilities related to the Orlando Health proton beam system.