RE:Thank you Goodbones
What Is “Material” Information? Information is “material” if its disclosure would probably have an impact on the price of a security or if reasonable investors would want to know the information before making an investment decision.
In other words, information is material if it would significantly alter the total mix of information currently available about a security in such a way that the price of the security would be affected.
Also, the more ambiguous the effect of the information on price, the less material that information is considered. If it is unclear whether and to what extent the information will affect the price of a security, the information may not be considered material. The passage of time may also render information that was once important immaterial.