American Shared Hospital Services announced management changes, effective as of March 7, 2023. Ray Stachowiak will become the Company's Executive Chairman. He has served as Chief Executive Officer since October 2020 and previously served as Interim President and Chief Executive Officer from May 2020.

He joined the board of directors in 2009 and is the Company's largest shareholder, holding approximately 19.95% of issued and outstanding common shares.