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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12B-25
NOTIFICATION OF LATE FILING
COMMISSION FILE NUMBER 0-12849
CUSIP NUMBER 029595 10 5
(Check one): ( ) Form 10-K ( ) Form 11-K ( ) Form 20-F
( X ) Form 10-Q ( ) Form N-SAR
For Period Ended: June 30, 1995
( ) Transition Report on Form 10-K
( ) Transition Report on Form 20-F
( ) Transition Report on Form 11-K
( ) Transition Report on Form 10-Q
( ) Transition Report on Form N-SAR
For the Transition Period Ended:
Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.
If the notification relates to a portion of the filing checked above,
identify the item(s) to which the notification relates:
PART I
REGISTRANT INFORMATION
Full name of registrant: AMERICAN SHARED HOSPITAL SERVICES
Former name if applicable: N/A
Address of principal executive office (Street and Number):
FOUR EMBARCADERO CENTER, SUITE 3620
City, State and Zip Code: SAN FRANCISCO CA 94111
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PART II
RULE 12B-25 (B) AND (C)
If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed. (Check appropriate box.)
[X] (a) The reasons described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense;
[X] (b) The subject annual report, semi-annual report, transition report on
Form 10-K, 11-K, 20-F or Form N-SAR, or portion thereof will be filed on
or before the 15th calendar day following the prescribed due date; or the
subject quarterly report or transition report on Form 10-Q, or portion
thereof will be filed on or before the fifth calendar day following the
prescribed due date; and
[ ] (c) The accountant's statement or other exhibit required by Rule 12b-25(c)
has been attached if applicable.
PART III
NARRATIVE
State below in reasonable detail the reasons why Form 10-K, 11-K, 20-F, 10-Q,
N-SAR or the transition report portion thereof could not be filed within the
prescribed time period. (Attach extra sheets if needed.)
SEE ATTACHED SHEET.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
RICHARD MAGARY, SENIOR VICE PRESIDENT-ADMINISTRATION
415/788-5300
(2) Have all other periodic reports required under Section 13 or 15(d) or
the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act
of 1940 during the preceding 12 months or for such shorter period that the
registrant was required to file such report(s) been filed? If the answer is
no, identify report(s).
[X] Yes [ ] No
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(3) Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be reflected by the
earnings statements to be included in the subject report or portion thereof?
[X] Yes [ ] No
If so, attach an explanation of the anticipated change, both narratively and
quantitatively and, if appropriate, state the reasons why a reasonable estimate
of the results cannot be made.
See Attached sheet.
AMERICAN SHARED HOSPITAL SERVICES
(Name of registrant as specified in charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: AUGUST 14, 1995
AMERICAN SHARED HOSPITAL SERVICES
by_______________________________
ERNEST A. BATES, M.D.
CHAIRMAN AND
CHIEF EXECUTIVE OFFICER
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ATTACHMENT TO FORM 12B-25 OF
AMERICAN SHARED HOSPITAL SERVICES
DATED AUGUST 14, 1995
_________________________________
PART III
The Registrant is unable to file its Quarterly Report on Form 10-Q for
the quarterly period ended June 30, 1995 on August 14, 1995 because additional
time is required to complete the financial statements for such period, without
unreasonable effort and expense, to reflect the registrant's recent adoption of
FASB Rule 121 ("Accounting for the Impairment of Long-Lived Assets and for
Long-Lived Assets to Be Disposed Of").
PART IV
The Registrant anticipates that its Quarterly Report on Form 10-Q for
the quarterly period ended June 30, 1995 will reflect a significant change in
results of operations from the corresponding period for the last fiscal year,
including:
1) An extraordinary gain of approximately $20,378,000 resulting from the
Registrant's repurchase of approximately 96% of its outstanding Senior
Subordinated Notes as previously announced on May 18, 1995, and
2) An extraordinary charge for an amount not yet determined, resulting
from the Registrant's adoption of FASB Rule 121 as described above. The
Registrant is not currently able to provide a reasonable estimate of
the amount of such charges, because it still is calculating the effect
of adopting FASB 121.
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