On April 12, 2023, American Shared Hospital Services (the “Company”) appointed Robert Hiatt as its Chief Financial Officer, effective April 17, 2023. Mr. Hiatt will also serve as the Company's principal financial officer and principal accounting officer. Mr. Hiatt, age 57, was previously the Chief Financial Officer of AmeriCash Loans, a consumer finance company from October 2007 to December 2022.

While at AmeriCash Loans, Mr. Hiatt was responsible for leading the finance team including internal financial reporting, external audit and tax coordination and debt management. From August 2003 to July 2007, Mr. Hiatt served as the Executive Vice President and Chief Financial Officer of United Financial Mortgage Corp, a provider of residential mortgages. Prior to that, Mr. Hiatt was Vice President Finance and Chief Accounting Officer of Novamed Inc., an operator of ambulatory surgery centers, from September 1997 to August 2003.

Mr. Hiatt received his Bachelor's of Science in Accountancy from Miami University. As previously disclosed, in connection with the commencement of Mr. Hiatt's employment, effective April 17, 2023, Craig Tagawa will continue to serve as the Company's President and Assistant Secretary, but will no longer serve as the Company's Chief Financial Officer, principal financial officer or principal accounting officer.