WMS Industries 2006 Non-Employee Director Compensation Summary
This document outlines the cash compensation for non-employee directors of WMS Industries for the 2006 calendar year. The compensation structure includes annual retainers for serving on the Board of Directors and additional payments for chairing or serving on various board committees. The Chairman of the Board receives $500,000 annually, while other members receive $30,000. Committee chairpersons and members receive additional annual retainers, with amounts varying by committee. The compensation terms remain unchanged from the previous year.
Exhibit 10.1
Summary of Non-Employee Director Compensation
The cash compensation of non-employee directors of WMS Industries for calendar year 2006 remains unchanged from calendar year 2005, specifically:
| Board of Directors Annual Retainer: | Chairman = $500,000 | |
| Members = $30,000 | ||
| Committee Annual Retainers: | ||
| Audit and Ethics Committee | Chairman = $30,000 | |
| Members = $25,000 | ||
| Compensation Committee | Chairman = $10,000 | |
| Members = $5,000 | ||
| Nominating and Corporate Governance Committee | Chairman = $7,500 | |
| Members = $5,000 | ||
| Gaming Compliance Committee | Member = $10,000 | |
