-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, T5B9YqgIvS4Xbuph6UhDonNbNx1dRJr12gvQm79l0LzyXpKKlN0djVnnq1+Xo3KB 1TZApMv5HSfcym73c+X57A== 0000950149-00-000067.txt : 20000202 0000950149-00-000067.hdr.sgml : 20000202 ACCESSION NUMBER: 0000950149-00-000067 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000114 ITEM INFORMATION: FILED AS OF DATE: 20000121 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN SHARED HOSPITAL SERVICES CENTRAL INDEX KEY: 0000744825 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MEDICAL LABORATORIES [8071] IRS NUMBER: 942918118 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-08789 FILM NUMBER: 510848 BUSINESS ADDRESS: STREET 1: TWO EMBARCADERO CENTER STREET 2: SUITE 2370 CITY: SAN FRANCISCO STATE: CA ZIP: 94111-3823 BUSINESS PHONE: 415-788-5300 MAIL ADDRESS: STREET 1: 4 EMBARCADERO CENTER CITY: SAN FRANCISCO STATE: CA ZIP: 94111 8-K 1 FORM 8-K DATED JANUARY 14, 2000 1 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): JANUARY 14, 2000 AMERICAN SHARED HOSPITAL SERVICES (Exact name of registrant as specified in its charter) CALIFORNIA 0-8789 94-2918118 (State or other (Commission File Number) (I.R.S. Employer jurisdiction of Identification No.) incorporation) TWO EMBARCADERO CENTER, SUITE 2370, SAN FRANCISCO, CA 94111-3823 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: 415-788-5300 NOT APPLICABLE (Former Name or Former Address, if Changed Since Last Report) 1 2 Item 4. Changes in Registrant's Certifying Accountant Effective January 1, 2000, Grant Thornton LLP ("Grant Thornton"), the independent accountants for American Shared Hospital Services (the "Company") sold its Stockton and Sacramento, California offices to Moss Adams LLP, an accounting and consulting firm ("Moss Adams"). Since the individuals performing services for the Company at Grant Thornton are now in the employ of Moss Adams, effective January 14, 2000, the Company dismissed Grant Thornton as its independent accountants and engaged the services of Moss Adams to act as the Company's principal accountants to audit the Company's financial statements. The decision to dismiss Grant Thornton and to retain the services of Moss Adams was approved by the Company's Board of Directors. The reports on the Company's financial statements issued by Grant Thornton and Ernst & Young, the Company's previous accountants, did not contain an adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles, except the report for the two years ended December 31, 1997 expressed substantial doubt about the Company's ability to continue as a going concern. During the Company's three most recent fiscal years and through January 14, 2000, there have been no disagreements with Grant Thornton or Ernst & Young on any manner of accounting principle or practices, financial statement disclosure, or auditing scope or procedure, which if not resolved to the satisfaction of Grant Thornton or Ernst & Young, would have caused them to make reference thereto in their report on the financial statements for such years. In addition, the Company did not consult Moss Adams regarding the application of accounting principles to a specific contemplated transaction, or any type of audit opinion that might be rendered on the Company's financial statements, or any matter that was the subject of disagreement with the Company's former accountant. The Company has requested that Grant Thornton furnish it with a letter addressed to the Securities and Exchange Commission stating whether or not it agrees with the above statements. A copy of such letter, dated January 21, 2000 is filed as Exhibit 16.2 to this Form 8-K. The Company previously filed on December 21, 1998 a Report on Form 8-K dated December 14, 1998 regarding the Company's change of independent accountants from Ernst & Young LLP to Grant Thornton LLP. That Form 8-K Report included as Exhibit 16.1 a letter from Ernst & Young LLP stating that Ernst & Young LLP agreed with statements concerning that firm contained in such Report on Form 8-K. The following Exhibit is filed with this Report:
Exhibit No. Description - ----------- ----------- 16.2 Letter dated January 21, 2000 from Grant Thornton LLP to the Company
2 3 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 thereunto duly authorized. AMERICAN SHARED HOSPITAL SERVICES (Registrant) By: /s/ Ernest A. Bates, M.D. --------------------------- Ernest A. Bates, M.D. Chairman of the Board and Chief Executive Officer Dated: January 21, 2000 3 4 Index to Exhibits
Exhibit No. Description Page - ----------- ----------- ---- 16.2 Letter dated January 21, 2000 from Grant Thornton LLP to the Company 5
4 EX-16.2 2 LETTER DATED JANUARY 21, 2000 FROM GRANT THORNTON 1 Exhibit 16.2 Grant Thornton LLP One California Street, Suite 1100 San Francisco CA 94111 January 21, 2000 Securities and Exchange Commission 450 5th Street, N.W. Washington, D.C. 20549 Re: American Shared Hospital Services File No. 0-8789 Commissioners: We have read the statements made by American Shared Hospital Services in Item 4 of the Company's Form 8-K report dated January 14, 2000 and we agree with the statements therein concerning our Firm. Very truly yours, /s/ Grant Thornton LLP 5 -----END PRIVACY-ENHANCED MESSAGE-----