WMS Industries Inc. 2006 Executive Compensation Arrangements
WMS Industries Inc. set the 2006 base salaries for its top executives, including the President and CEO, Executive Vice Presidents, and Vice President/General Counsel. The Compensation Committee and independent Board members approved these salaries, which take effect December 26, 2005. The agreement lists the specific annual salary amounts for each named executive officer for the upcoming year.
Exhibit 10.2
Executive Compensation Arrangements
In December 2005, the Compensation Committee of the Board of Directors of WMS Industries Inc. (the “Company”) and the independent members of the Board of Directors of the Company approved the following base salaries to be paid for calendar year 2006 effective December 26, 2005, to the individuals listed below who were listed as “named executive officers” in the Company’s proxy statement for the 2005 annual meeting of stockholders:
| Name | Title | 2006 Salary | |||
| Brian R. Gamache | President and Chief Executive Officer | $ | 775,000 | ||
| Orrin J. Edidin | Executive Vice President and Chief Operating Officer | $ | 490,000 | ||
| Scott D. Schweinfurth | Executive Vice President and Chief Financial Officer | $ | 450,000 | ||
| Seamus McGill | Executive Vice President and Managing Director of International Operations of WMS Gaming Inc. | $ | 385,000 | ||
| Kathleen J. McJohn | Vice President, General Counsel and Secretary | $ | 310,000 | ||
