Prospectus Supplement No. 1

 

PROSPECTUS SUPPLEMENT #1     

Dated: November 2, 2010

    Filed Pursuant to Rule 424(b)(3)

To Prospectus dated December 16, 2009

    Registration No. 333-163767

WMS INDUSTRIES INC.

Up to 2,253,658 Shares

Common Stock, Par Value $.50

This prospectus supplement supplements our prospectus, dated December 16, 2009, relating to the resale by certain of our officers and directors of up to 2,253,658 shares of our common stock. The prospectus supplement should be read in conjunction with our prospectus, which must be delivered together with this prospectus supplement. This prospectus supplement is qualified by reference to the prospectus, except to the extent that the information in this prospectus supplement supersedes the information contained in the prospectus.

 

 

Investing in our common stock involves risks. Please see “Risk Factors” on page 2 of the accompanying prospectus for a discussion of these risks.

 

 

SELLING STOCKHOLDERS

This prospectus relates to shares of our common stock that are being registered for reoffers and resales by selling stockholders who have acquired or may acquire Shares under our employee incentive plans (2000 Non-Qualified Stock Option Plan, 2000 Stock Option Plan, 2002 Stock Option Plan and the Incentive Plan (2009 Restatement)) and our employee stock purchase plan including adjustment shares (the “Shares”). The selling stockholders may resell any or all of the Shares, when issued, subject to vesting conditions in some cases, while this prospectus is effective.

The following table sets forth information for each selling stockholder, based upon information available to us as of November 2, 2010. We undertake no obligation to update this information. Information about additional selling stockholders may be contained in supplements to the prospectus. The table below also sets forth “Shares Available to be Sold”, which represents the maximum number of Shares that could be sold under this prospectus by the holder assuming the vesting of all awards, achievement of all performance criteria and exercise of all options. The listing of shares under “Shares Available to be Sold” does not reflect a commitment by the stockholder to sell any or all of the stated number of Shares. The actual number of Shares to be sold, if any, shall be determined from time to time by each Selling Stockholder in his or her discretion. We have not been informed whether any selling stockholders intend to sell any Shares.

 

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The table below supplements or amends the table of selling stockholders contained under the heading “Selling Stockholders” on pages 3-5 of the prospectus. The information set forth in the following table supersedes the information in the prospectus.

 

Name and Position

    Amount and
Nature of
Beneficial
Ownership(1)		     Shares Available
to be Sold(2)		      Shares
Beneficially
Owned
After
Offering		     Percent of
Class After
Offering(1)		  

Harold H. Bach, Jr.
Director

      22,451        27,259         —          *   

Robert J. Bahash
Director

      57,006        51,814         10,000        *   

Orrin J. Edidin
President

      160,746        285,892         —          *   

Brian R. Gamache
Chairman and Chief Executive Officer

      441,462        601,205         24,900        *   

Kenneth Lochiatto
Executive Vice President and
Chief Operating Officer

      139,266        206,413         —          *   

Kathleen J. McJohn
Vice President, General Counsel
and Secretary

      70,503        110,305         —          *   

Patricia M. Nazemetz
Director

      39,670        44,478         —          *   

John P. McNicholas, Jr.
Vice President, Controller and
Chief Accounting Officer

      40,237        56,185         —          *   

Louis J. Nicastro
Founding Director

      22,451        27,259         —          *   

Neil D. Nicastro
Director

      60,100        64,887         21        *   

Larry J. Pacey
Executive Vice President, Global Products
and Chief Innovation Officer

      155,682        239,608         —          *   

Edward W. Rabin, Jr.
Lead Director

      70,892 (3)      39,782         35,918 (3)      *   

Scott D. Schweinfurth
Executive Vice President,
Chief Financial Officer and Treasurer

      246,463        331,947         1,500        *   

Ira S. Sheinfeld
Director

      59,951        64,759         —          *   

Bobby Siller
Director

      35,837        40,645         —          *   

William J. Vareschi, Jr.
Director

      63,912        61,220         7,500        *   

 

* Less than 1%

 

(1) Based on 57,770,804 shares outstanding as of October 14, 2010. Includes shares subject to options that are currently exercisable or may become exercisable within 60 days, restricted stock, restricted stock units and deferred stock units. These shares are deemed outstanding for purposes of calculating the percentage of outstanding common stock owned by a person but are not deemed outstanding for the purpose of calculating the individual ownership percentage of any other person listed above.

 

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(2) “Shares available to be sold” consists of the following securities currently held by the individuals listed above: (i) shares of common stock purchased pursuant to our Employee Stock Purchase Plan or received upon vesting of restricted stock, exercise of options, vesting of restricted stock units or payout of equity-based performance units; (ii) unvested restricted shares including shares of restricted stock and restricted stock units; (iii) shares of common stock underlying stock options, (iv) shares of common stock underlying deferred units, and (v) shares of common stock which may be paid out under equity-based performance units. Equity-based performance units are reflected at 200% of the number of units awarded because these units may pay out a number of shares equal to up to 200% of the number of units awarded. See the below chart for an individual listing of such securities held by the individuals listed above which were received under the 2000 Stock Option Plan, 2000 Non-Qualified Stock Option Plan, 2002 Stock Option Plan, and the Incentive Plan (2009 Restatement) or in accordance with the antidilution provisions of such plans:

 

Name and Title

    Common
Stock		      Restricted
Securities		      Stock Options      Deferred
Units		      Equity-based
Performance
Units (200%)		  
           Total         Exercisable         

Harold H. Bach, Jr.

      6,374         11,099         4,808         —           4,978         —     

Robert J. Bahash

      27,543         4,463         29,808         25,000         —           —     

Orrin J. Edidin

      29,753         34,682         162,023         96,311         —           59,434   

Brian R. Gamache

      114,677         48,587         361,601         278,198         —           101,240   

Kenneth Lochiatto

      8,183         16,430         149,820         114,653         —           31,980   

Kathleen J. McJohn

      7,957         9,330         72,076         53,216         —           20,942   

Patricia M. Nazemetz

      10,207         4,463         29,808         25,000         —           —     

John P. McNicholas, Jr.

      5,020         3,570         38,869         31,647         —           8,726   

Louis J. Nicastro

      6,374         11,099         4,808         —           4,978         —     

Neil D. Nicastro

      10,063         11,099         38,768         33,960         4,978         —     

Larry J. Pacey

      14,891         18,912         164,455         121,879         —           41,350   

Edward W. Rabin, Jr.

      44,793         11,099         19,808         15,000         —           —     

Scott D. Schweinfurth

      31,700         20,762         237,913         194,001         —           43,072   

Ira S. Sheinfeld

      6,374         11,099         42,308         37,500         4,978         —     

Bobby Siller

      6,374         4,463         29,808         25,000         —           —     

William J. Vareschi, Jr.

      21,375         11,099         31,268         26,460         4,978         —     

 

(3) Includes 32,168 shares held by the Edward Rabin Trust and 3,750 shares held by Mr. Rabin’s wife. Mr. Rabin disclaims beneficial ownership of the securities held by his wife, and this prospectus supplement shall not be deemed an admission that the reporting person is the beneficial owner for purposes of Section 16 of the Securities Exchange Act of 1934 or for any other purpose.

WHERE YOU CAN FIND MORE INFORMATION

This prospectus constitutes a part of each of eight registration statements, and amendments to them, that we have filed on Form S-8 with the SEC concerning the Shares: File Nos. 333- 163767, 333-158919, 333-139425, 333-101538, 333-57585, 333-46726, 333-55574 and 333-121776. We also file annual, quarterly and current reports, proxy statements and other information with the SEC. You may read and copy the registration statements and any materials that we file at the SEC’s Public Reference Room at 100 F Street, NE, Room 158, Washington, D.C. 20549. You may obtain information on the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330. Our documents may also be inspected at the offices of the New York Stock Exchange, 20 Broad Street, New York, New York 10005. The SEC maintains an Internet site that contains reports, proxy and information statements and other information about issuers, including us, that file electronically with the SEC. The SEC’s web site is located at: http://www.sec.gov.

 

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