International edition
September 23, 2021

Chairman and CEO Reports to Annual Meeting Attendees

“WMS Industries is well positioned to extend its track record of profitable growth”

(US).- At recent Annual Meeting of Stockholders held in Chicago, WMS Industries Chairman and Chief Executive Officer, Brian R. Gamache, reported to attendees that WMS is well positioned to extend its track record of profitable growth.


t the meeting, WMS stockholders elected a Board comprised of nine current directors and ratified the appointment of Ernst & Young as the company's independent registered public accounting firm for the fiscal year ending June 30, 2011. The elected directors will serve for a term expiring at WMS' 2011 Annual Meeting.

Gamache credited WMS' talented, creative and passionate worldwide workforce for growing the Company's ship share and revenues and improving its operating execution and operating margin, which collectively contributed to the record fiscal 2010 financial results, adding that WMS was the only major gaming supplier to achieve revenue growth during the period. He added that WMS is continuing its momentum in revenue growth as reflected in the performance to date in Fiscal 2011.

Gamache noted that over the twelve month period ended September 30, 2010, among the four major slot suppliers, WMS' ship share of new gaming machines shipped to customers in the U.S. and Canada averaged about 31%, up from 25% in the prior twelve month period. He added that the ship share growth coupled with ongoing international and gaming operations revenue growth during the same period drove a 9% increase in total revenues, which was, "Best in class compared to our three largest competitors."

WMS' improvements in financial performance and ongoing progress on the company-wide "Journey to Greatness" has enabled WMS to emerge as an "Employer of Choice" which is being recognized by the media and other independent third parties. In November, the Chicago Tribune recognized WMS in their first survey as The number 1 Best Workplace in the Chicago metropolitan area in the large company category; and Forbes recently named WMS one of "America's Best 100 Small Companies" based on a combination of financial performance measures over a 1- and 5-year period, such as revenue and earnings growth, return on equity and comparative stock performance.

Following last month's Global Gaming Exposition, the industry's major global trade show held in Las Vegas, media outlets and industry analysts noted that WMS had established a position as the gaming equipment industry "Thought Leader" by once again demonstrating a wide array of original, innovative and industry-leading products.

Looking forward, Brian Gamache indicated, "With a broad portfolio of high-earning, player-appealing products; a long-term global growth potential driven by the opening of new jurisdictions and new markets and an improving industry replacement rate; and our continued focus on enhancing our operating execution, I firmly believe WMS is well positioned to extend its track record of profitable growth in the years ahead."

The nine directors re-elected by shareholders are Louis J. Nicastro (Founding Director), Brian R. Gamache (Chairman), Edward W. Rabin, Jr. (Lead Director), Robert J. Bahash, Patricia M. Nazemetz, Neil D. Nicastro, Ira S. Sheinfeld, Bobby L. Siller and William J. Vareschi, Jr. Harold H. Bach, Jr. previously notified WMS of his intention to retire from the Board at the 2010 Annual Meeting and as such did not stand for re-election. Bach will become a Director Emeritus of WMS' Board of Directors.

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