Research Reports

Key takeaways

Gary Delanois resigned as CEO effective April 24, 2026, for personal reasons.

Craig K. Tagawa appointed interim CEO effective April 27, 2026, while retaining President role.

Tagawa's base salary increased from $265,000 to $325,000 effective April 27, 2026.

Tagawa's 2026 target performance bonus raised from 40% to 50% of base salary.

No family relationships or disclosable transactions involving Tagawa.

Tagawa has served as President since October 1, 2020, with prior COO and CFO roles.

Full analysis

The resignation of CEO Gary Delanois for personal reasons creates leadership transition uncertainty, with long-tenured President Craig K. Tagawa stepping in as interim CEO. Tagawa's extensive history with the Company since 1988, including prior roles as COO and CFO, provides continuity in operations and finance. The Board's approval of a 22.6% base salary increase to $325,000 and elevated target bonus to 50% reflects recognition of added CEO responsibilities. No conflicts of interest or family ties were noted, supporting a smooth interim arrangement for investors.

AMS · American Shared Hospital Services

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