8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of report (Date of earliest event reported): September 15, 2009

AMERICAN SHARED HOSPITAL SERVICES

(Exact name of registrant as specified in charter)

California
(State or other jurisdiction of incorporation) 1-08789
(Commission File Number) 94-2918118
(IRS Employer Identification No.)

Four Embarcadero Center, Suite 3700, San Francisco, CA 94111
(Address of principal executive offices)

Registrant’s telephone number, including area code 415-788-5300

(Former name or former address, if changed since last report)

     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

  Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers

     (d) Ray Stachowiak, President and Chief Executive Officer of Shared Imaging, LLC, was appointed to the Board of Directors of American Shared Hospital Services at the Company’s quarterly board meeting. Mr. Stachowiak will serve on the Company’s Audit Committee and the Nominating and Corporate Governance Committee. Mr. Stachowiak will receive compensation commensurate with other non-employee directors, and will receive an initial option to purchase 5,000 shares of the Company’s common stock and 500 restricted stock units.

  Item 9.01 Financial Statements and Exhibits.

     (d) Exhibits.

     Exhibit 99.1 — press release dated September 15, 2009

     The information in this report is summary information that is intended to be considered in the context of our SEC filings and other public announcements that we may make, by press release or otherwise, from time to time. We disclaim any current intention to revise or update the information contained in this report, although we may do so from time to time as our management believes is warranted. Any such updating may be made through the filing of other documents or reports with the SEC, through press releases or through other public disclosures.

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	American Shared Hospital Services
Date: September 15, 2009	By:	/s/ Ernest A. Bates, M.D.
		Name:	Ernest A. Bates, M.D.
		Title:	Chairman and CEO

EX-99.1

Exhibit 99.1

RAY STACHOWIAK ELECTED TO
BOARD OF DIRECTORS OF
AMERICAN SHARED HOSPITAL SERVICES

San Francisco, CA, September 15, 2009 — AMERICAN SHARED HOSPITAL SERVICES (NYSE AMEX:AMS), a leading provider of turnkey technology solutions for advanced radiosurgical and radiation therapy services, announced today that Ray Stachowiak has been elected to the Company’s Board of Directors. Mr. Stachowiak becomes the fifth member of AMS’ Board and the fourth outside Director.

Ray Stachowiak, 51 years old, is Founder, President and Chief Executive Officer of Shared Imaging, LLC, Streamwood, Illinois, a leading provider of fixed-site and mobile magnetic resonance imaging, computed tomography and Pet/CT systems. Founded in 1987, Shared Imaging operates more than 200 imaging systems in 42 states.

“Ray Stachowiak is a pioneer and one of the most highly respected executives in our industry, and we are proud to welcome him to our Board of Directors. Ray brings an in-depth understanding of our business and many years of directly relevant experience to his new responsibilities at AMS. We expect him to make important contributions to our continued success as we position AMS to benefit from the exciting growth opportunities now emerging in proton beam radiation therapy and other next-generation technologies for radiation oncology delivery,” said Chairman and Chief Executive Officer Ernest A. Bates, M.D.

About AMS

American Shared Hospital Services provides turnkey technology solutions for advanced radiosurgical and radiation therapy services. AMS is the world leader in providing Gamma Knife radiosurgery equipment, a non-invasive treatment for malignant and benign brain tumors, vascular malformations and trigeminal neuralgia (facial pain). The Company also offers the latest IGRT and IMRT systems, as well as its proprietary Operating Room for the 21st Century^® concept. Through its preferred stock investment in Still River Systems, AMS also plans to complement these services with the Monarch 250^TM proton beam radiation therapy (PBRT) system, which has not yet been approved by the FDA.

Safe Harbor Statement

This press release may be deemed to contain certain forward-looking statements with respect to the financial condition, results of operations and future plans of American Shared Hospital Services, which involve risks and uncertainties including, but not limited to, the risks of the Gamma Knife and radiation therapy businesses, the risks of developing The Operating Room for the 21st Century program, and the risks of investing in a development-stage company, Still River Systems, Inc., without a proven product. Further information on potential factors that could affect the financial condition, results of operations and future plans of American Shared Hospital Services is included in the filings of the Company with the Securities and Exchange Commission, including the Company’s Annual Report on Form 10-K for the year ended December 31, 2008, the Quarterly Report on Form 10-Q for the quarters ended March 31, 2009 and June 30, 2009, and the definitive Proxy Statement for the Annual Meeting of Shareholders held on May 28, 2009.

Contacts:	American Shared Hospital Services
	Ernest A. Bates, M.D., (415) 788-5300
	Chairman and Chief Executive Officer
	eabates@ashs.com
	Berkman Associates
	Neil Berkman, (310) 826-5051
	President
	info@berkmanassociates.com