OMB APPROVAL
---------------------------
OMB Number: 3235-0145
Expires: October 31, 2002
Estimated average burden
hours per response....14.90
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 8)*
WMS INDUSTRIES INC.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $0.50 per share
--------------------------------------------------------------------------------
(Title of Class of Securities)
929297109
--------------------------------------------------------------------------------
(CUSIP Number)
Louis J. Nicastro
Neil D. Nicastro
800 South Northpoint Blvd.
Waukegan IL 60085
Telephone: (847) 785-3000
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
November 8, 2002
--------------------------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is filing
this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g),
check the following box. / /
Note: Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. See Section
240.13d-7 for other parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
PERSONS WHO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED IN THIS FORM ARE
NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY VALID
OMB CONTROL NUMBER.
SEC 1746 (03-00)
CUSIP NO. 929297109 13D PAGE 2 OF 6 PAGES
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Louis J. Nicastro
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
---------------------------------------------------------------------
(b) [X]
---------------------------------------------------------------------
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
Not Applicable
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
254,632
SHARES -----------------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
10,418,300
OWNED BY EACH -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
REPORTING
4,632
PERSON -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
-0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,672,932
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
34.6%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
IN
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
CUSIP NO. 929297109 13D PAGE 3 OF 6 PAGES
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Neil D. Nicastro
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
---------------------------------------------------------------------
(b) [X]
---------------------------------------------------------------------
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
Not Applicable
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
14
SHARES -----------------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
10,418,300
OWNED BY EACH -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
REPORTING
14
PERSON -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
-0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,418,314
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
33.8%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
IN
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
CUSIP NO. 929297109 13D PAGE 4 OF 6 PAGES
This Amendment No. 8 hereby amends the Statement on Schedule 13D, as
amended by amendments previously filed by Louis J. Nicastro and Neil D. Nicastro
with respect to the common stock, par value $0.50 per share ("Common Stock"), of
WMS Industries Inc., a Delaware corporation (the "Company"). Only the items
specifically included below are amended, and the remainder of the Statement on
Schedule 13D, as previously amended, is unchanged.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
As previously reported, pursuant to a Voting Proxy Agreement effective
as of August 25, 1995 among the Company, the Reporting Persons, Sumner M.
Redstone and National Amusements, Inc., the Reporting Persons have been
appointed, individually, as proxy holders to vote the Common Stock of the
Company beneficially owned by Mr. Redstone (7,332,600 shares) in order to
facilitate compliance by the Company with regulations of the Nevada gaming
authorities for licensure as a manufacturer and distributor of gaming devices,
pending their approval of an application by Mr. Redstone, which has been filed
with those authorities. Mr. Redstone is a citizen of the United States of
America with a business address at 200 Elm Street, Dedham, Massachusetts 02026,
and National Amusements, Inc. is a Maryland corporation with a business address
at 200 Elm Street, Dedham, Massachusetts 02026.
On November 8, 2002, Phyllis G. Redstone, Mr. Redstone's former wife,
entered into a Voting Proxy Agreement with the Company and the Reporting
Persons. Pursuant to that Voting Proxy Agreement, the Reporting Persons have
been appointed, individually, as proxy holders to vote the Common Stock of the
Company beneficially owned by Ms. Redstone (3,085,700 shares) in order to
facilitate compliance by the Company with applicable gaming regulations. Ms.
Redstone acquired her shares of the Common Stock of the Company from Mr.
Redstone on July 30, 2002, pursuant to a settlement of divorce. Ms. Redstone is
a citizen of the United States of America with a business address c/o Gadsby
Hannah LLP, 225 Franklin Street, Boston, MA 02110.
Louis J. Nicastro may be deemed the beneficial owner of 10,672,932
shares, or approximately 34.6% of the outstanding shares of Common Stock of the
Company (based upon 30,812,503 shares outstanding on November 8, 2002). Louis J.
Nicastro has shared voting power with respect to 10,418,300 of such shares
pursuant to the two voting proxy agreements described above, but he does not
have sole or shared dispositive power with respect to these 10,418,300 shares.
Mr. Nicastro has sole voting power with respect to 254,632 of such shares and
sole dispositive power with respect to 4,632 of such shares. Of those 254,632
shares, Mr. Nicastro owns 250,000 of such shares subject to a restricted stock
agreement dated as of March 1, 2002. The restricted stock vests on June 30,
2003, subject to the prior fulfillment of specified conditions.
CUSIP NO. 929297109 13D PAGE 5 OF 6 PAGES
Neil D. Nicastro may be deemed the beneficial owner of 10,418,314 shares,
or approximately 33.8% of the outstanding shares of Common Stock of the Company
(based upon 30,812,503 shares outstanding on November 8, 2002). Neil D. Nicastro
has shared voting power with respect to 10,418,300 of such shares pursuant to
the two voting proxy agreements described above, but he does not have sole or
shared dispositive power with respect to these 10,418,300 shares. Mr. Nicastro
has sole voting and dispositive power with respect to 14 of such shares and owns
stock options to purchase 30,000 shares.
Based solely upon information contained in Form 4 for November 7, 2002
and Amendment No. 29, dated November 6, 2002, to the Statement on Schedule 13D
filed by Sumner M. Redstone with the SEC, Mr. Redstone is the beneficial owner,
with sole dispositive power and shared voting power, of 3,848,700 shares of the
outstanding Common Stock of the Company. As a result of his stock ownership in
National Amusements, Inc., Mr. Redstone is deemed the beneficial owner of an
additional 3,483,900 shares of Common Stock, for a total of 7,332,600 shares of
Common Stock of the Company, or approximately 23.8%, of the outstanding shares
of Common Stock of the Company (based 30,812,503 shares outstanding on November
8, 2002).
Based solely upon information contained in Mr. Redstone's amended 13D,
National Amusements, Inc. is the beneficial owner, with sole dispositive and
shared voting power, of 3,483,900 shares, or approximately 11.3%, of the
outstanding Common Stock of the Company (based upon 30,812,503 shares
outstanding on November 8, 2002).
Based solely upon information contained in a Statement on Schedule 13D
dated August 8, 2002 filed by Phyllis Redstone with the SEC and upon her voting
proxy agreement with the Reporting Persons, Ms. Redstone is the beneficial
owner, with sole dispositive power and shared voting power, of 3,085,700 shares,
or approximately 10.0% of outstanding Common Stock of the Company (based upon
30,812,503 shares outstanding on November 8, 2002).
During the past 60 days, neither of the Reporting Persons participated in
any transactions with respect to the Common Stock of the Company, except as
described herein.
CUSIP NO. 929297109 13D PAGE 6 OF 6 PAGES
SIGNATURES
After reasonable inquiry, and to the best of our knowledge and belief, we
certify that the information in this statement is true, complete and correct.
/s/ Louis J. Nicastro November 11, 2002
--------------------------------------------
Louis J. Nicastro
/s/ Neil D. Nicastro November 11, 2002
--------------------------------------------
Neil D. Nicastro