{"filing":{"accession_number":"0001437749-26-019561","cik":"0000744825","ticker":"AMS","company_name":"AMERICAN SHARED HOSPITAL SERVICES","form":"8-K","filing_date":"2026-06-04","report_date":null,"primary_document":"asha20260603_8k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/744825/000143774926019561/asha20260603_8k.htm"},"events":[{"id":6891,"run_id":6040,"accession_number":"0001437749-26-019561","anchor_item_number":"2.04","event_type":"covenant_breach","event_domain":"financial","is_material":true,"confidence":0.95,"summary":"The filing discloses multiple covenant breaches under the Credit Agreement with Fifth Third Bank, including failure to maintain the Minimum Cash Covenant ($5M threshold), failure to comply with Fixed Charge Coverage Ratio and Total Funded Debt Ratio, failure to deliver a Compliance Certificate, and failure to pay Term Loan Obligations on the maturity date of April 9, 2026. The Lender has invoked its right to increase the interest rate to the Default Rate (adding 2% per annum) and explicitly reserves the right to accelerate all payment obligations. The Company acknowledges it lacks sufficient cash to satisfy accelerated obligations, signaling material financial stress and a direct triggering event that increases financial obligations.","company_name":"AMERICAN SHARED HOSPITAL SERVICES","ticker":"AMS","filing_date":"2026-06-04","form":"8-K","submitted_at":null,"items":[{"id":4437,"accession_number":"0001437749-26-019561","item_number":"2.04","item_title":"Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.","event_type":"covenant_breach","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"The filing discloses multiple covenant breaches under the Credit Agreement with Fifth Third Bank, including failure to maintain the Minimum Cash Covenant ($5M threshold), failure to comply with Fixed Charge Coverage Ratio and Total Funded Debt Ratio, failure to deliver a Compliance Certificate, and failure to pay Term Loan Obligations on the maturity date of April 9, 2026. The Lender has invoked its right to increase the interest rate to the Default Rate (adding 2% per annum) and explicitly reserves the right to accelerate all payment obligations. The Company acknowledges it lacks sufficient cash to satisfy accelerated obligations, signaling material financial stress and a direct triggering event that increases financial obligations.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-05T05:19:19.455295+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":4437,"accession_number":"0001437749-26-019561","item_number":"2.04","item_title":"Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.","event_type":"covenant_breach","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"The filing discloses multiple covenant breaches under the Credit Agreement with Fifth Third Bank, including failure to maintain the Minimum Cash Covenant ($5M threshold), failure to comply with Fixed Charge Coverage Ratio and Total Funded Debt Ratio, failure to deliver a Compliance Certificate, and failure to pay Term Loan Obligations on the maturity date of April 9, 2026. The Lender has invoked its right to increase the interest rate to the Default Rate (adding 2% per annum) and explicitly reserves the right to accelerate all payment obligations. The Company acknowledges it lacks sufficient cash to satisfy accelerated obligations, signaling material financial stress and a direct triggering event that increases financial obligations.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-05T05:19:19.455295+00:00","company_name":"AMERICAN SHARED HOSPITAL SERVICES","ticker":"AMS","filing_date":"2026-06-04"}]}