SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13D
(Amendment No. 54)
Under the Securities Exchange Act of 1934
WMS INDUSTRIES INC.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
969-901-107
(CUSIP Number)
Sumner M. Redstone
486 University Ave.
Norwood, Massachusetts 02062
Telephone: (781) 461-1600
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(Name, Address and Telephone Number of
Person Authorized to Receive Notices and
Communications)
July 24, 2008
(Date of Event which Requires Filing of this Statement)
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If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f), or 13d-1(g), check the following
box |_|.
Check the following box if a fee is being paid with this Statement |_|.
(1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Sumner M. Redstone
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(2) Check the Appropriate Box if a Member of a Group (See Instructions)
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|_| (b)
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(3) SEC Use Only
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(4) Source of Funds (See Instructions)
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(5) Check if Disclosure of Legal Proceedings is Required Pursuant to Item
2(d) or 2(e).
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(6) Citizenship or Place of Organization United States
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Number of Shares (7) Sole Voting Power 0*
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Beneficially
(8) Shared Voting Power 0*
Owned by Each -------------------
Reporting (9) Sole Dispositive Power 0***
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Person With
(10) Shared Dispositive Power 4,637,760**
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person 4,637,760**
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
|X|
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(13) Percent of Class Represented by Amount in Row (11) 9.12 percent
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(14) Type of Reporting Person (See Instructions) IN
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* Voting power subject to Voting Proxy Agreement described in Item 6 of
this Statement.
** Includes shares owned by National Amusements, Inc. and shares owned by the
Sumner M. Redstone Charitable Foundation.
*** Does not include 7,900 shares owned by Mr. Sumner Redstone's wife, Mrs.
Paula Redstone, over which she has sole dispositive and voting power.
(1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Sumner M. Redstone Charitable Foundation (u/t/d August 26, 1986)
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I.R.S. No. 22-2761621
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(2) Check the Appropriate Box if a Member of a Group (See Instructions)
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|_| (b)
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(3) SEC Use Only
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(4) Source of Funds (See Instructions) N/A
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(5) Check if Disclosure of Legal Proceedings is Required Pursuant to Item
2(d) or 2(e).
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(6) Citizenship or Place of Organization United States
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Number of Shares (7) Sole Voting Power 0*
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Beneficially
(8) Shared Voting Power 0*
Owned by Each -------------------
Reporting (9) Sole Dispositive Power 0
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Person With
(10) Shared Dispositive Power 640,205
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person 640,205*
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
|X|
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(13) Percent of Class Represented by Amount in Row (11) 1.26 percent
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(14) Type of Reporting Person (See Instructions) OO
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* Voting power subject to Voting Proxy Agreement described in Item 6 of this
Statement.
(1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
NATIONAL AMUSEMENTS, INC.
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I.R.S. No. 04-2261332
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(2) Check the Appropriate Box if a Member of a Group (See Instructions)
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|_| (b)
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(3) SEC Use Only
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(4) Source of Funds (See Instructions) N/A
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(5) Check if Disclosure of Legal Proceedings is Required Pursuant to Item
2(d) or 2(e).
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(6) Citizenship or Place of Organization Maryland
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Number of Shares (7) Sole Voting Power 0*
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Beneficially
(8) Shared Voting Power 0*
Owned by Each -------------------
Reporting (9) Sole Dispositive Power 0
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Person With
(10) Shared Dispositive Power 3,997,555
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person 3,997,555
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
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(13) Percent of Class Represented by Amount in Row (11) 7.86%
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(14) Type of Reporting Person (See Instructions) CO
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* Voting power subject to Voting Proxy Agreement described in Item 6 of this
Statement.
Item 1. Security and Issuer.
This Amendment No. 54 amends the Statement on Schedule 13D previously filed with
the SEC by Mr. Sumner M. Redstone, National Amusements, Inc. ("NAI") and the
Sumner M. Redstone Charitable Foundation (u/t/d August 26, 1986) with respect
to the voting common stock, $.50 par value per share (the "Common Shares"),
of WMS Industries Inc. (the "Issuer") as follows:
Item 2: Identity and Background.
Item 2(b) is amended as follows by changing the address information regarding
Sumner M. Redstone, NAI and the Sumner M. Redstone Charitable Foundation (u/t/d
August 26, 1986):
(b) 486 University Ave., Norwood, MA 02062
Item 3. Source of Funds
The Sumner M. Redstone Charitable Foundation (u/d/t August 26, 1986) received
640,205 Common Shares as a charitable contribution from NAI.
Item 5. Interest in Securities of the Issuer.
(a) NAI is currently the beneficial owner, with shared dispositive
and no voting power, of 3,997,555 Common Shares, or
approximately 7.86%, of the issued and outstanding Common
Shares of the Issuer (based on the number of Common Shares that
were reported to be issued and outstanding as of April 30, 2008).
(b) As a result of his stock ownership in NAI, Mr. Sumner M.
Redstone is deemed the beneficial owner with no voting power
of 3,997,555 Common Shares of the issued and outstanding Common
Shares of the Issuer. By virtue of his position as sole trustee
of the Sumner M. Redstone Charitable Foundation (u/t/d August 26,
1986) Mr Sumner M. Redstone is also deemed the beneficial owner
with no voting power of an additional 640,205 Common Shares of
the Issuer for a total of 4,637,760 or 9.12% of the issued and
outstanding Common Shares of the Issuer (based on the number of
Common Shares that were reported to be issued and outstanding as
of April 30, 2008.)
The lack of voting power described in paragraphs (a) and (b) of
this Item 5 is pursuant to the Voting Proxy Agreement, described
in Item 6 of this Statement.
(c) Transactions effected since the filing of Amendment No.53 to
this Statement on Schedule 13D with the Securities and Exchange
Commission on May 8, 2007. (The transaction was executed by Bear
Stearns, a J.P. Morgan Company, New York, N.Y.):
NAI made a charitable contribution of 640,205 shares to the
Sumner M. Redstone Charitable Foundation (u/t/d August 26, 1986).
DATE NO. SHARES PRICE
07/24/2008 640,205 0
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
To Securities of the Issuer
Item 6 is hereby amended and supplemented as follows:
The Voting Proxy Agreement previously reported on in this Item 6 has been
amended to provide that Mr. Brian R. Gamache, Chief Executive Officer of the
Issuer, hasreplaced Mr. Neil Nicastro as proxy holder under this Voting Proxy
Agreement.
Item 7. Material to Be Filed as Exhibits.
Exhibit 1
A joint filing agreement among Mr. Sumner M. Redstone, National Amusements, Inc.
and the Sumner M. Redstone Charitable Foundation (u/t/d August 26, 1986) is
attached hereto as Exhibit 1.
Exhibit 2.
Amendment to Voting Proxy Agreement by and between Mr. Sumner M. Redstone,
National Amusements, Inc., Mr. Neil Nicastro, Mr. Brian R. Gamache and WMS
Industries Inc., which is incorporated by reference to Exhibit 10.1 of the Form
8-K filed with the Securities and Exchange Commission by WMS Industries, Inc.
on November 22, 2006.
Signatures
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After reasonably inquiry and to the best of our knowledge and belief, we certify
that the information set forth in this statement is true, complete and correct.
Pursuant to Rule 13d-1(k)(1), each of the undersigned agrees that this statement
is filed on behalf of each of us.
JUly 24, 2008 /s/ Sumner M. Redstone
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Sumner M. Redstone,
Individually
National Amusements, Inc.
By: /s/ Sumner M. Redstone
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Name: Sumner M. Redstone,
Title: Chairman and Chief
Executive Officer
Sumner M. Redstone Charitable Foundation
By /s/ Sumner M. Redstone
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Name: Sumner M.Redstone
Title: Trustee
EXHIBIT 1
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JOINT FILING AGREEMENT
The undersigned hereby agree that the Statement on Schedule 13D, dated November
21, 1985 (the "Schedule 13D"), with respect to the common stock, $.50 par value
per share (the "Common Shares"), of WMS Industries Inc. (the "Issuer") is, and
any amendments executed by us shall be, filed on behalf of each of us pursuant
to and in accordance with the provisions of Rule 13d- 1(k) under the Securities
Exchange Act of 1934, as amended, and that this Agreement shall be included as
an exhibit to the Schedule 13D and each such amendment. Each of the undersigned
agrees to be responsible for the timely filing of the Schedule 13D and any
amendments thereto, and for the completeness and accuracy of the information
concerning itself contained therein. This agreement may be executed in any
number of counterparts, all of which taken together shall constitute one and
the same instrument.
IN WITNESS WHEREOF, the undersigned have executes this Agreement as of the 24th,
of July, 2008.
NATIONAL AMUSEMENTS, INC.
By: /s/ Sumner M. Redstone
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Name: Sumner M. Redstone
Title: Chairman and
Chief Executive Officer
By: /s/ Sumner M. Redstone
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Sumner M. Redstone
Individually
SUMNER M. REDSTONE CHARITABLE FOUNDATION
By: /s/ Sumner M. Redstone
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Name: Sumner M.Redstone
Title: Trustee