WMS Industries Inc. 2007 Executive Compensation Arrangements
WMS Industries Inc. set the 2007 base salaries for its top executives, including the President and CEO, Executive Vice Presidents, and other senior officers. The Compensation Committee and independent board members approved these salaries, which take effect December 24, 2006. The agreement lists the names, titles, and annual base salaries for each executive, outlining the company's compensation structure for its leadership team for the upcoming year.
EXHIBIT 10.6
EXECUTIVE COMPENSATION ARRANGEMENTS
In December 2006, 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 2007 effective December 24, 2006, to the individuals listed below who were listed as “named executive officers” in the Company’s proxy statement for the 2006 annual meeting of stockholders:
| Name | Title | 2007 Salary | ||
| Brian R. Gamache | President and Chief Executive Officer | $809,000 | ||
| Orrin J. Edidin | Executive Vice President and Chief Operating Officer | $513,000 | ||
| Scott D. Schweinfurth | Executive Vice President and Chief Financial Officer | $471,000 | ||
| Kathleen J. McJohn | Vice President, General Counsel and Secretary | $325,000 | ||
| Patricia Barten | Senior Vice President, Manufacturing Supply Chain and Business Processes of WMS Gaming Inc | $299,000 |
