Notification That Quarterly Report Will Be Submitted Late (nt 10-q)
August 17 2015 - 6:02AM
Edgar (US Regulatory)
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UNITED STATES |
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SECURITIES AND EXCHANGE COMMISSION |
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Washington, D.C. 20549 |
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FORM 12b-25 |
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NOTIFICATION OF LATE FILING |
OMB
APPROVAL |
OMB
Number: |
3235-0058
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Expires:
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August
31, 2015 |
Estimated
average burden hours per response. |
2.50 |
SEC
FILE NUMBER
001-08789
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| (Check one): | ☐ Form
10-K ☐ Form 20-F ☐ Form 11-K ☒ Form 10-Q
☐ Form 10-D ☐ Form N-SAR |
☐ Form
N-CSR
For
Period Ended: June 30, 2015
☐ 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: |
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Read
Instruction (on back page) Before Preparing Form. Please Print or Type.
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
AMERICAN
SHARED HOSPITAL SERVICES
Full
Name of Registrant
Former
Name if Applicable
FOUR
EMBARCADERO CENTER, SUITE 3700
Address
of Principal Executive Office (Street and Number)
SAN
FRANCISCO, CA 94111
City,
State and Zip Code
PART
II — RULES 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 box if appropriate)
| (a) | The
reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense |
☒ | (b) | The
subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or
portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly
report or transition report on Form 10-Q or subject distribution report on Form 10-D, 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 why Forms 10 -K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof,
could not be filed within the prescribed time period.
In
order to complete its quarterly financial statements, the registrant sought to obtain certain valuation information from a third
party. Gathering the information required the third party to use data that was based on very recent events and, accordingly, it
was not possible for the registrant to incorporate it into its financial statements for a timely filing without unreasonable effort
or expense. The information is now available and the registrant will file its second quarterly report on Form 10-Q within the
time period provided in Rule 12b-25(b)(2)(ii).
PART
IV — OTHER INFORMATION
| (1) | Name
and telephone number of person to contact in regard to this notification |
Craig K. Tagawa |
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415 |
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788-5300 ext. 304 |
(Name) |
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(Area Code) |
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(Telephone Number) |
| (2) | Have
all other periodic reports required under Section 13 or 15(d) of 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 answer is no, identify report(s). |
Yes ☒
No ☐
| (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? |
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.
Based
on its analysis of transactions that occurred well after the end of the second quarter of 2015, the Company has determined that
the decline in the value of its investment in the common equity of Mevion Medical Systems is other than temporary. The Company
obtained certain data from third parties only in the past few days and has not yet finalized a valuation of its investment or
presented the methodology and results to its independent registered public accounting firm. Based on the work done to date, the
non-cash impairment charge is expected to be approximately $2.1 million. The Company intends to maintain its
equity interest in Mevion.
American
Shared Hospital Services
(Name of Registrant as Specified in Charter)
has
caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
Date |
August 14, 2015 |
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By |
/s/ Craig K. Tagawa |
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Craig K. Tagawa, Chief Operating and Financial
Officer |
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