{"filing":{"accession_number":"0001437749-26-024677","cik":"0000744825","ticker":"AMS","company_name":"AMERICAN SHARED HOSPITAL SERVICES","form":"8-K","filing_date":"2026-07-28","report_date":"2026-07-22","primary_document":"asha20260728_8k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/744825/000143774926024677/asha20260728_8k.htm"},"events":[{"id":21121,"run_id":19040,"accession_number":"0001437749-26-024677","anchor_item_number":"1.01","event_type":"covenant_breach","event_domain":"financial","is_material":true,"confidence":0.75,"summary":"The Company received notice from Fifth Third Bank asserting that certain Events of Default had occurred under the Credit Agreement. The Company entered into a Third Amendment and Forbearance Agreement to address these defaults and provide a standstill period through June 30, 2027.","company_name":"AMERICAN SHARED HOSPITAL SERVICES","ticker":"AMS","filing_date":"2026-07-28","form":"8-K","submitted_at":null,"items":[{"id":20675,"accession_number":"0001437749-26-024677","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement.","event_type":"covenant_breach","event_domain":"financial","is_material":true,"confidence":0.75,"reasoning":"The filing discloses that the Company received a notice from Fifth Third Bank asserting that \"certain Events of Default had occurred under the Credit Agreement\" (previously disclosed in December 2025 and June 2026 8-Ks). The Third Amendment and Forbearance Agreement was entered into to address these defaults and provide a standstill period through June 30, 2027. While the filing also involves a new subordinated debt issuance, the core triggering event is the covenant breach and default under the existing credit facility, which necessitated the forbearance agreement and restructuring of obligations.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-28T20:22:47.604854+00:00","company_name":"","ticker":null,"filing_date":""}]},{"id":21122,"run_id":19040,"accession_number":"0001437749-26-024677","anchor_item_number":"2.03","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"summary":"The Company created a direct financial obligation under a Third Amendment and Note, representing a material debt-related transaction to address the covenant defaults and restructure existing obligations.","company_name":"AMERICAN SHARED HOSPITAL SERVICES","ticker":"AMS","filing_date":"2026-07-28","form":"8-K","submitted_at":null,"items":[{"id":20676,"accession_number":"0001437749-26-024677","item_number":"2.03","item_title":"Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"Item 2.03 explicitly discloses creation of a direct financial obligation under a \"Third Amendment and the Note,\" indicating a debt instrument or credit facility amendment. The cross-reference to Item 1.01 (which typically covers material agreements and transactions) reinforces that this is a material debt-related transaction. The language \"direct financial obligation\" is the statutory trigger for debt_issuance classification.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-28T20:22:47.604854+00:00","company_name":"","ticker":null,"filing_date":""}]},{"id":21123,"run_id":19040,"accession_number":"0001437749-26-024677","anchor_item_number":"3.02","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.92,"summary":"The Company completed an unregistered sale of warrants (equity securities) pursuant to Section 4(a)(2) of the Securities Act to an accredited investor (the Subordinated Lender), diluting existing shareholders.","company_name":"AMERICAN SHARED HOSPITAL SERVICES","ticker":"AMS","filing_date":"2026-07-28","form":"8-K","submitted_at":null,"items":[{"id":20677,"accession_number":"0001437749-26-024677","item_number":"3.02","item_title":"Unregistered Sales of Equity Securities.","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.92,"reasoning":"The filing discloses an unregistered sale of warrants (equity securities) pursuant to Section 4(a)(2) of the Securities Act to an accredited investor (the Subordinated Lender). This is a classic private placement of equity instruments that dilutes existing shareholders and is material to investors assessing capital structure and ownership changes.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-28T20:22:47.604854+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":20675,"accession_number":"0001437749-26-024677","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement.","event_type":"covenant_breach","event_domain":"financial","is_material":true,"confidence":0.75,"reasoning":"The filing discloses that the Company received a notice from Fifth Third Bank asserting that \"certain Events of Default had occurred under the Credit Agreement\" (previously disclosed in December 2025 and June 2026 8-Ks). The Third Amendment and Forbearance Agreement was entered into to address these defaults and provide a standstill period through June 30, 2027. While the filing also involves a new subordinated debt issuance, the core triggering event is the covenant breach and default under the existing credit facility, which necessitated the forbearance agreement and restructuring of obligations.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-28T20:22:47.604854+00:00","company_name":"AMERICAN SHARED HOSPITAL SERVICES","ticker":"AMS","filing_date":"2026-07-28"},{"id":20676,"accession_number":"0001437749-26-024677","item_number":"2.03","item_title":"Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"Item 2.03 explicitly discloses creation of a direct financial obligation under a \"Third Amendment and the Note,\" indicating a debt instrument or credit facility amendment. The cross-reference to Item 1.01 (which typically covers material agreements and transactions) reinforces that this is a material debt-related transaction. The language \"direct financial obligation\" is the statutory trigger for debt_issuance classification.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-28T20:22:47.604854+00:00","company_name":"AMERICAN SHARED HOSPITAL SERVICES","ticker":"AMS","filing_date":"2026-07-28"},{"id":20677,"accession_number":"0001437749-26-024677","item_number":"3.02","item_title":"Unregistered Sales of Equity Securities.","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.92,"reasoning":"The filing discloses an unregistered sale of warrants (equity securities) pursuant to Section 4(a)(2) of the Securities Act to an accredited investor (the Subordinated Lender). This is a classic private placement of equity instruments that dilutes existing shareholders and is material to investors assessing capital structure and ownership changes.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-28T20:22:47.604854+00:00","company_name":"AMERICAN SHARED HOSPITAL SERVICES","ticker":"AMS","filing_date":"2026-07-28"}]}