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WMS > SEC Filings for WMS > Form 8-K on 1-Jul-2009All Recent SEC Filings

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Form 8-K for WMS INDUSTRIES INC /DE/


1-Jul-2009

Termination of a Material Definitive Agreement


Item 1.02 Termination of a Material Definitive Agreement.

On June 30, 2009, the Corporation received notice that National Amusements and Mr. Sumner M. Redstone (collectively the "Stockholders") had exercised their right to terminate that certain amended voting proxy agreement (the "Agreement"), dated August 25, 1995, pursuant to which the Stockholders had granted a voting proxy to Mr. Brian R. Gamache, the Corporation's Chairman and Chief Executive Officer. The term of the Agreement would have extended until August 24, 2010, if not earlier terminated. The effective date of the termination of the Agreement will be July 28, 2009. In the notice of termination of the Agreement, the Stockholders advised the Corporation that they have reduced their beneficial ownership to 966,999 shares of the Corporation's common stock.

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