Wave Systems Corp. (fka WAVXQ)

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"we are likely talking about a non-material event in the ordinary course of business"

not to split hairs, but the event would be material, but not trigger accelerated reporting because it was in the course of ordinary business.

Form 8-k discriminates between material events that are unusual (requiring accelerated reporting), and material events that are usual (not requiring accelerated reporting). That they are usual does not convernt them into being non-material, i.e. 8-k is not the measure of materiality. imo.