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      D.C. 20549</strong></font><br></div>
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      8-K</strong></font></div>
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      to Section 13 OR 15(d) of </strong></font></div>
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      Securities Exchange Act of 1934</strong></font></div>
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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">Date
      of
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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: 20pt; FONT-FAMILY: Times New Roman"><strong>WMS
                INDUSTRIES INC.</strong></font></div>
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              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2"><strong>Delaware</strong></font></div>
            </td>
            <td valign="top" width="33%">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2"><strong>1-8300</strong></font></div>
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                File Number)</font></div>
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                Employer Identification No.)</font></div>
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            <td valign="top" width="33%">&#160;</td>
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            <td valign="top" width="66%">&#160;</td>
            <td valign="top" width="33%">&#160;</td>
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            <td valign="top" width="66%">
              <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>
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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">(Address
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      telephone number, including area code: </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>(847)
      785-3000</u></strong></font></div>
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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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      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; FONT-FAMILY: Times New Roman">Written
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              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Soliciting
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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>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#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; 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
      August
      14, 2006, the Board of Directors of WMS Industries Inc. (the &#8220;Corporation&#8221;),
      upon the recommendation of the Compensation Committee, approved criteria for
      merit increases to annual base salary for executive officers named in our proxy
      statement, including Brian R. Gamache, Orrin J. Edidin, Scott D. Schweinfurth
      and Kathleen McJohn, based on specific financial goals achieved at or during
      the
      twelve months ending September 30, 2006. The potential merit increase to the
      annual base salary for each officer ranges from 0% to 10% of his or her annual
      base salary depending on the Corporation&#8217;s financial performance against the
      goals set by the Board of Directors and will be effective January 1,
      2007.</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="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Additionally,
      on August 14, 2006, upon the recommendation of the Compensation Committee and
      in
      accordance with individual employment agreements with the Corporation, the
      Board
      of Directors approved cash bonus matrices and financial performance goals for
      Brian R. Gamache, Orrin J. Edidin, and Scott D. Schweinfurth for the fiscal
      year
      ending June 30, 2007. The potential cash bonus payable to such officers ranges
      from 0% to 280% of annual base salary for Mr. Gamache and from 0% to 225% of
      annual base salary for Messrs. Edidin and Schweinfurth, depending on the
      Corporation&#8217;s financial performance against the goals set by the Board of
      Directors.</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; FONT-FAMILY: Times New Roman">Finally,
      on August 14, 2006, the Board of Directors, upon the recommendation of the
      Compensation Committee, approved the amount of the annual cash bonuses to be
      awarded to executive officers named in our proxy statement. Brian R. Gamache,
      Orrin J. Edidin and Scott D. Schweinfurth will receive bonuses calculated based
      on the Corporation&#8217;s financial performance for the fiscal year ended June 30,
      2006 in accordance with bonus matrices for such period previously approved
      by
      the Board of Directors. Seamus M. McGill and Kathleen J. McJohn will receive
      a
      discretionary bonus of $50,000 and $40,000, respectively. All such bonuses
      will
      be payable when bonuses are paid generally to the Corporation&#8217;s officers and
      employees.</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">&#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">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>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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          <tr valign="top" bgcolor="#ffffff">
            <td width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
            <td width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
            <td width="49%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
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            <td colspan="2"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">WMS
              Industries
              Inc.</font></td>
          </tr>
          <tr valign="top" bgcolor="#ffffff">
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
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            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">Date:
              August 16, 2006</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">By:&#160;&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">/s/&#160;Kathleen
              J. McJohn</font></td>
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            <td align="left">
              <hr style="COLOR: black" align="left" noshade size="2" width="80%"><font size="2">Name:</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Kathleen
              J. McJohn</font></td>
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            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: "><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Title:</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt" size="3">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Vice
              President, General Counsel and
              Secretary</font></font></td>
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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): August 14, 2006
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
      August
      14, 2006, the Board of Directors of WMS Industries Inc. (the "Corporation"),
      upon the recommendation of the Compensation Committee, approved criteria for
      merit increases to annual base salary for executive officers named in our proxy
      statement, including Brian R. Gamache, Orrin J. Edidin, Scott D. Schweinfurth
      and Kathleen McJohn, based on specific financial goals achieved at or during
      the
      twelve months ending September 30, 2006. The potential merit increase to the
      annual base salary for each officer ranges from 0% to 10% of his or her annual
      base salary depending on the Corporation's financial performance against the
      goals set by the Board of Directors and will be effective January 1,
      2007.
Additionally,
      on August 14, 2006, upon the recommendation of the Compensation Committee and
      in
      accordance with individual employment agreements with the Corporation, the
      Board
      of Directors approved cash bonus matrices and financial performance goals for
      Brian R. Gamache, Orrin J. Edidin, and Scott D. Schweinfurth for the fiscal
      year
      ending June 30, 2007. The potential cash bonus payable to such officers ranges
      from 0% to 280% of annual base salary for Mr. Gamache and from 0% to 225% of
      annual base salary for Messrs. Edidin and Schweinfurth, depending on the
      Corporation's financial performance against the goals set by the Board of
      Directors.
Finally,
      on August 14, 2006, the Board of Directors, upon the recommendation of the
      Compensation Committee, approved the amount of the annual cash bonuses to be
      awarded to executive officers named in our proxy statement. Brian R. Gamache,
      Orrin J. Edidin and Scott D. Schweinfurth will receive bonuses calculated based
      on the Corporation's financial performance for the fiscal year ended June 30,
      2006 in accordance with bonus matrices for such period previously approved
      by
      the Board of Directors. Seamus M. McGill and Kathleen J. McJohn will receive
      a
      discretionary bonus of $50,000 and $40,000, respectively. All such bonuses
      will
      be payable when bonuses are paid generally to the Corporation's officers and
      employees.
SIGNATURE
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:
              August 16, 2006
By:
/s/ Kathleen
              J. McJohn
Name:
Kathleen
              J. McJohn
Title:
Vice
              President, General Counsel and
              Secretary