UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON DC 20549
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FORM 8-K
CURRENT REPORT
Securities Exchange Act of 1934
Date of report (Date of earliest event reported) April 5, 2005
WAVE SYSTEMS CORP.
(Exact Name of Registrant as Specified in Charter)
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DELAWARE
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0-24752
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13-3477246
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(State or Other Jurisdiction of Incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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480 Pleasant Street, Lee, Massachusetts 01238
(Address of Principal Executive Offices) (ZIP Code)
Registrant's telephone number, including area code (413) 243-1600
Item 8.01. Other Events.
Wave Systems Corp. ("Wave") has signed an OEM Software Distribution agreement with Broadcom Corporation ("Broadcom") permitting the distribution of Wave's EMBASSY® Security Center (ESC) and Cryptographic Service Provider (CSP) software technology with Broadcom devices that include a Trusted Platform Module (TPM). Wave will receive a per-unit royalty based on Broadcom's sales of products that are equipped with or include Wave's software technology. Although the contract requires an initial pre-payment of royalties, it does not provide for guaranteed minimum or maximum shipped quantities or royalties.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
WAVE SYSTEMS CORP.
By: /s/ Gerard T. Feeney Gerard T. Feeney
Chief Financial Officer