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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong>UNITED
        STATES</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong>SECURITIES
        AND EXCHANGE COMMISSION</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong>Washington,
        D.C. 20549</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 18pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong>FORM
        8-K</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong>CURRENT
        REPORT</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong>Pursuant
        to Section 13 OR 15(d) of </strong></font></div>
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        Securities Exchange Act of 1934</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Date
        of Report (Date of earliest event reported): </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><u>October
        4, 2005</u></font></div>
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      <div>
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            <tr>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 24pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong>WMS
                  INDUSTRIES INC.</strong></font></div>
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            <tr>
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                  charter)</font></div>
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              <td width="1%">&#160;</td>
              <td valign="top" width="30%">&#160;</td>
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            <tr>
              <td valign="top" width="60%">&#160;</td>
              <td width="1%">&#160;</td>
              <td valign="top" width="39%">&#160;</td>
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            <tr>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>800
                  South Northpoint Blvd., Waukegan, Illinois</strong></font></div>
              </td>
              <td width="1%">&#160;</td>
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              </td>
              <td width="1%">&#160;</td>
              <td valign="top" width="39%">
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        telephone number, including area code: </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong><u>(847)
        785-3000</u></strong></font></div>
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            <tr>
              <td valign="top" width="90%" style="BORDER-BOTTOM: #000000 thin solid">&#160;</td>
            </tr>
            <tr>
              <td valign="top" width="90%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">(Former
                  name or former address, if changed since last
                  report.)</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Check
        the appropriate box below if the Form 8-K filing is intended to simultaneously
        satisfy the filing obligation of the registrant under any of the following
        provisions (see General Instruction A.2. below):</font></div>
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                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Written
                  communications pursuant to Rule 425 under the Securities Act (17
                  CFR
                  230.425)</font></div>
              </td>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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            <tr valign="top" style="LINE-HEIGHT: 1.25">
              <td align="left" style="WIDTH: 18pt"><font style="DISPLAY: inline; FONT-FAMILY: Wingdings">o</font></td>
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                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Soliciting
                  material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
                  240.14a-12)</font></div>
              </td>
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          <div>
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                <tr valign="top" style="LINE-HEIGHT: 1.25">
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                    <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Pre-commencement
                      communications pursuant to Rule 14d-2(b) under the Exchange
                      Act (17 CFR
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                  </td>
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            <tr valign="top" style="LINE-HEIGHT: 1.25">
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                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Pre-commencement
                  communications pursuant to Rule 13e-4(c) under the Exchange Act
                  (17 CFR
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      <div>&#160;&#160; </div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center">&#160;</div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
        </div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong>Item
        1.01 Entry into a Material Definitive Agreement.</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
        October 4, 2005, WMS Industries Inc. (the "Company") entered into a replacement
        Revolving Note payable to LaSalle Bank National Association (the &#8220;Bank&#8221;) with a
        final maturity date of May 9, 2006 (the &#8220;Note&#8221;). The Note replaces the Company&#8217;s
        existing Revolving Note with a final maturity date of May 9, 2006 in order
        to
        increase the foreign exchange transaction and letter of credit sub-limit
        from
        $2,000,000 to $5,000,000. There are letters of credit, but no borrowings,
        outstanding under the Note. All of the other terms and conditions of the
        Note
        remain the same: the Note evidences a $50 million dollar ($50,000,000) revolving
        credit facility with an interest rate of, at the Company&#8217;s election, the Bank&#8217;s
        prime rate or the interest rate offered generally to the Bank in the London
        Interbank Eurodollar market plus 1.25% to 1.75% depending on the Company&#8217;s
        EBITDA and the amount of its Senior Debt (as such terms are defined in the
        Note)
        at the time of borrowing. The replacement Note contains the same covenants
        limiting indebtedness and acquisitions, and requiring maintenance of tangible
        net worth values and financial ratios.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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        foregoing is a summary and is qualified in its entirety by reference to the
        full
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong>(c)</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong>Exhibits</strong></font></div>
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        <div align="left">
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              <tr>
                <td align="left" valign="top" width="10%" style="BORDER-BOTTOM: black thin solid">
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                </td>
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              <tr>
                <td align="left" valign="top" width="10%">&#160;</td>
                <td align="left" valign="top" width="3%">&#160;</td>
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                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">10.1</font></div>
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                    Note, dated October 4, 2005, made by WMS Industries Inc. to LaSalle
                    Bank
                    National
                    Association.</font></div>
                </td>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong>SIGNATURES</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 27pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Pursuant
        to the requirements of the Securities Exchange Act of 1934, the registrant
        has
        duly caused this report to be signed on its behalf by the undersigned hereunto
        duly authorized.</font></div>
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        <table cellpadding="0" cellspacing="0" width="100%">

            <tr>
              <td align="right" valign="top" width="45%">&#160;</td>
              <td align="left" valign="top" width="45%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong>WMS
                  INDUSTRIES INC.</strong></font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="45%">&#160;</td>
              <td valign="top" width="45%">&#160;</td>
            </tr>
            <tr>
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              <td align="left" valign="top" width="45%">&#160;</td>
            </tr>
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                  October 5, 2005</font></div>
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                  Kathleen McJohn</font></div>
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                  McJohn</font></div>
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              <td align="left" valign="top" width="45%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Vice
                  President, General Counsel and Secretary </font></div>
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              <td align="left" valign="top" width="45%">&#160;</td>
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        Index</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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                  </td>
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                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">10.1</font></div>
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                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Revolving
                      Note, dated October 4, 2005, made by WMS Industries Inc. to
                      LaSalle Bank
                      National
                      Association.</font></div>
                  </td>
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{"company-data": {"conformed-name": "WMS INDUSTRIES INC /DE/", "cik": "0000350077", "assigned-sic": "3990", "irs-number": "362814522", "state-of-incorporation": "DE", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-08300", "film-number": "051124730"}, "business-address": {"street1": "800 S. NORTHPOINT BLVD.", "city": "WAUKEGAN", "state": "IL", "zip": "60085", "phone": "847-785-3000"}, "mail-address": {"street1": "800 S. NORTHPOINT BLVD.", "city": "WAUKEGAN", "state": "IL", "zip": "60085"}, "former-company": {"former-conformed-name": "WILLIAMS ELECTRONICS INC", "date-changed": "19870519"}}
UNITED
        STATES
SECURITIES
        AND EXCHANGE COMMISSION
Washington,
        D.C. 20549
FORM
        8-K
CURRENT
        REPORT
Pursuant
        to Section 13 OR 15(d) of
The
        Securities Exchange Act of 1934
Date
        of Report (Date of earliest event reported):
October
        4, 2005
WMS
                  INDUSTRIES INC.
(Exact
                  name of registrant as specified in its
                  charter)
Delaware
1-8300
36-2814522
(State
                  or other jurisdiction of incorporation)
(Commission
                  File Number)
(IRS
                  Employer Identification No.)
800
                  South Northpoint Blvd., Waukegan, Illinois
60085
(Address
                  of principal executive offices)
(Zip
                  Code)
Registrant's
        telephone number, including area code:
(847)
        785-3000
(Former
                  name or former address, if changed since last
                  report.)
Check
        the appropriate box below if the Form 8-K filing is intended to simultaneously
        satisfy the filing obligation of the registrant under any of the following
        provisions (see General Instruction A.2. below):
o
Written
                  communications pursuant to Rule 425 under the Securities Act (17
                  CFR
                  230.425)
o
Soliciting
                  material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
                  240.14a-12)
o
Pre-commencement
                      communications pursuant to Rule 14d-2(b) under the Exchange
                      Act (17 CFR
                      240.14d-2(b))
o
Pre-commencement
                  communications pursuant to Rule 13e-4(c) under the Exchange Act
                  (17 CFR
                  240.13e-4(c))
Item
        1.01 Entry into a Material Definitive Agreement.
On
        October 4, 2005, WMS Industries Inc. (the "Company") entered into a replacement
        Revolving Note payable to LaSalle Bank National Association (the "Bank") with a
        final maturity date of May 9, 2006 (the "Note"). The Note replaces the Company's
        existing Revolving Note with a final maturity date of May 9, 2006 in order
        to
        increase the foreign exchange transaction and letter of credit sub-limit
        from
        $2,000,000 to $5,000,000. There are letters of credit, but no borrowings,
        outstanding under the Note. All of the other terms and conditions of the
        Note
        remain the same: the Note evidences a $50 million dollar ($50,000,000) revolving
        credit facility with an interest rate of, at the Company's election, the Bank's
        prime rate or the interest rate offered generally to the Bank in the London
        Interbank Eurodollar market plus 1.25% to 1.75% depending on the Company's
        EBITDA and the amount of its Senior Debt (as such terms are defined in the
        Note)
        at the time of borrowing. The replacement Note contains the same covenants
        limiting indebtedness and acquisitions, and requiring maintenance of tangible
        net worth values and financial ratios.
The
        foregoing is a summary and is qualified in its entirety by reference to the
        full
        text of the Note, which is attached hereto as Exhibit 10.1.
Item
        9.01 Financial Statements and Exhibits.
(c)
Exhibits
Exhibits
Description
10.1
Revolving
                    Note, dated October 4, 2005, made by WMS Industries Inc. to LaSalle
                    Bank
                    National
                    Association.
SIGNATURES
Pursuant
        to the requirements of the Securities Exchange Act of 1934, the registrant
        has
        duly caused this report to be signed on its behalf by the undersigned hereunto
        duly authorized.
WMS
                  INDUSTRIES INC.
Date:
                  October 5, 2005
/s/
                  Kathleen McJohn
Kathleen
                  McJohn
Vice
                  President, General Counsel and Secretary
Exhibit
        Index
Exhibits
Description
10.1
Revolving
                      Note, dated October 4, 2005, made by WMS Industries Inc. to
                      LaSalle Bank
                      National
                      Association.