Management ChangeJul 13, 2026, 04:22 PM
AMERICAN SHARED HOSPITAL SERVICES CFO Resigns; Interim Appointed
AI Summary
Raymond S. Frech resigned from his position as Chief Financial Officer of American Shared Hospital Services for personal reasons, effective July 7, 2026. His resignation was not due to any disagreement with the company regarding accounting policies. The Board of Directors appointed Alexis N. Tirrito (Wallace), the company's Chief Accounting Officer and Secretary, to serve as interim CFO, principal financial officer, and principal accounting officer. Ms. Tirrito's base salary was adjusted to $240,000, with a target performance bonus of 20% of her base salary.
Key Highlights
- Raymond S. Frech resigned as CFO of American Shared Hospital Services, effective July 7, 2026.
- Mr. Frech's resignation was for personal reasons and not due to accounting disagreements.
- Alexis N. Tirrito (Wallace) was appointed interim CFO, principal financial officer, and principal accounting officer.
- Ms. Tirrito will continue to serve as the Company's Chief Accounting Officer and Secretary.
- Ms. Tirrito's base salary was set at $240,000, effective July 7, 2026.
- Ms. Tirrito's target performance bonus for 2026 is 20% of her base salary.
Price Impact
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