8-K - American Shared Hospital Services | StockGist

AI Analysis

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American Shared Hospital Services entered into Amendment Two to its Proton Beam Radiation Therapy Lease Agreement with Orlando Health, Inc., effective March 13, 2026, extending the lease term by seven years from April 6, 2026 through April 5, 2033, and modifying lease payments, purchase option, equipment removal obligations, and insurance terms. This amendment secures continued leasing revenue from the proton beam radiation therapy system.

Key Takeaways

1Amendment Two effective March 13, 2026, extends Proton Beam Radiation Therapy Lease Agreement term seven years from April 6, 2026 to April 5, 2033.

2Lease payments during Extension Period based on Technical Component Collection percentage per grid, decreasing over seven 12-month periods.

3Orlando Health granted option to purchase leased Mevion S250 equipment for [****] during April 6, 2030 to April 6, 2032.

4If purchase option not exercised, American Shared Hospital Services must remove equipment at its expense within 90 days after term end or 60 days after Cool Down Period.

5Updated insurance: ASHS maintains all-risk property insurance on equipment; Orlando Health maintains $1M/$5M general/professional liability with ASHS as additional insured.

6Quarterly operational, marketing, and financial meetings required between parties.

Current Report Details

Event Type

Material Agreement

Exhibits Only

Disclosure

Mandatory

Variant

8-K

Items Reported

1.01

Entry into a Material Definitive Agreement American Shared Hospital Services (the “Company”) is a party to a Proton Beam Radiation Therapy Lease Agreement dated

Material Agreement

Source Document

9.01

. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 † Amendment Two to Proton Beam Radiation Therapy Lease Agreement effective as of

Exhibits Only

Transaction Details

Material Agreement

Agreement: Amendment Two to Proton Beam Radiation Therapy Lease Agreement
Parties: AMERICAN SHARED HOSPITAL SERVICES, ORLANDO HEALTH, INC.

•Extends original Lease dated October 18, 2006 (as amended August 12, 2012) for seven years from 12:01 AM April 6, 2026 to 11:59 PM April 5, 2033
•Lease payments computed as percentage of Technical Component Collections per date-of-treatment grid with decreasing percentages over seven annual periods; payments due monthly by 25th via EFT
•Orlando Health purchase option for equipment at [****] exercisable April 6, 2030 to April 6, 2032; if exercised, no further withhold from payments
•If no purchase, ASHS removes equipment at its expense post-term, subject to Withhold funding, Rigging Plan, and Cool Down Period
•ASHS provides surety bond or [****] for removal costs; quarterly operational/marketing/financial meetings
•Revised insurance: ASHS all-risk property on equipment (A-rated carrier, replacement cost); Orlando Health general/professional liability ($1,000,000 per occurrence/$5,000,000 aggregate), both naming other party additional insured

Exhibits (2)

10.1

EXHIBIT 10.1

8-K

FORM 8-K